A new week, a new month. The event that needs attention this week is Powell's speech on Tuesday. Institutions expect Powell to continue to trade time for space and wait for more falling inflation data to come out. To put it bluntly, he will continue to delay interest rate cuts and hang up market expectations.

Another important event is the June non-farm payrolls data and unemployment rate to be released on Friday. Economists expect non-farm payrolls growth to slow down and the unemployment rate to continue to stabilize at 4%. The non-farm payrolls data released last time was too watery, and it is likely to be repaired this time. Ming Ge predicts that the data on Friday will most likely tilt in the direction of interest rate cuts. The conditions for the Fed to cut interest rates are nothing more than falling inflation and a weak job market.

In other aspects, Europe will release June eurozone inflation data on Tuesday. They have already cut interest rates before. Whether they will continue to cut interest rates will also depend on whether inflation data continues to fall.

France will hold the first round of voting at the meeting this Sunday. It is unclear whether it will become a black swan.

The UK will hold a general election on July 4, and the opposition Labour Party is expected to take power.

On the whole, there are many important events this week. Although there are many events, they will all be reflected in the K-line in the end. The positions will not lie. Brother Ming still says the same old saying: do what you are in and be prepared to respond at any time!