According to Jinshi, a series of market fluctuations broke the steady upward momentum, and traders suggested that they did not want to see overly hot U.S. economic data. Although U.S. stocks rebounded on Friday and cross-asset investors avoided the worst week since 2022, both stocks and bonds recorded their biggest declines this year on Monday and Tuesday. Strong employment and factory output reports, as well as soaring oil prices, have cast doubt on whether the Federal Reserve has room to cut interest rates. Torsten Slok, an economist at Apollo Global Management, said the market's impact on the economy is a new problem facing bulls. He warned that rising asset prices are running counter to the goals of central bank officials and predicts that there will be no interest rate cuts this year.