Four major events are coming this week!

1. Powell will speak on Tuesday.

2. The US ADP employment figures for June will be released at 20:15 on Wednesday.

3. The US non-farm payrolls for June will be released at 20:30 on Friday.

4. Most importantly, there should be further news about Mentougou before July 15.

The best situation at present is that the Mentougou incident will be properly resolved in early July, compensation will be delayed or paid in batches, inflation data will decline, and the Fed's expectations of rate cuts will increase, then a new round of bull market will start.