Powell's speech is over. The general meaning is that inflation rebounded, employment was not weak, and the US economy did not show any signal of interest rate cuts, and it is very likely to stop cutting interest rates.

If there is no interest rate cut by the end of this year, it will be bad news for the previous interest rate cut expectations, so we must pay attention to defense. The big pie retreated from a high position, and the copycats were bleeding.

The CPI data of 2.6 was not good for the general direction. Although the big pie rose, I think it was a reflection of the afterglow. The US fell at the opening yesterday, which also indicated that the US market had sensed the future development in advance.

The fear and greed index is 88, so pay attention to the risks.