Oil prices hit a new high, crypto assets hit a new high, gold prices hit a new high, and after the US March non-agricultural data exceeded expectations, a strange trend appeared in the market. According to traditional economic theory, the expectation of interest rate cuts has been pushed back again and again, and the US dollar should rise and all major asset classes should fall. However, the market has taken a completely opposite situation. Under the premise that the US dollar continues to rise, large assets have also entered KTV. In addition to the adjustment of US stocks, other US dollar assets are rising. There are two reasons behind this. The first is the risk aversion caused by the recent international geopolitical conflicts. The second is that in March, the global PMI accounted for the first time above the boom-bust line. The potential is the demand for commodities generated by the resonance of the Sino-US economy. Then

The question is, with increased demand and rising commodities, the prices of upstream are transmitted to downstream. Will the second inflation in the United States come again? Then the answer to the question is tonight. The US March CPI will be announced soon. This is very important for the market's future trend. If the CPI exceeds expectations again, it is likely that the Fed will have to release again🦅Not only the current ticket position, but even Abalone may have to switch from doves🦅At that time, the current high gold price may face the risk of collapse, reminding everyone of the risk.

The market now believes that the US March CPI will rebound from 3.2 last month to 3.4 and the core CPI will drop from 3.8 to around 3.7. I think the more important thing to watch is the core CPI. If the core CPI reaches 3.7, it doesn’t matter even if the overall CPI slightly exceeds expectations, because the Fed is more concerned about the core CPI. The two major factors that determine the core CPI are house prices and wages. The current wages are still stable from the perspective of non-agricultural tools, while house prices and rents seem to be unstable from the perspective of the current recovery of the US real estate market. #大盘走势 #非农数据 #Meme $BTC $BNB