CPI is positive, the crypto market has not seen a significant increase, but other markets are strong!

U.S. stocks rose across the board, led by Nvidia, and MicroStrategy announced the split time, rising sharply before the market. Tonight's CPI is mixed for U.S. stocks. Although it is conducive to the expectation of interest rate cuts, the negative monthly rate is not good for the economy.

Gold soared in the short term, and the current price is 2407, less than 50 points away from the historical high.

The price of 10-year U.S. Treasury bonds rose in the short term.

Although CPI data helps expectations of interest rate cuts, the current simultaneous rise in gold, U.S. bonds and U.S. stocks may have foreshadowed expectations of a U.S. recession before the rate cut. Gold and U.S. bonds rise with U.S. stocks, which usually means risk aversion, which may come from concerns about future inflation or economic prospects. Tonight's CPI data shows that inflation has clearly accelerated. In this case, the rise in gold and U.S. bonds can only be explained as a risk-averse behavior against an economic recession.