If you adjust too much, it will bounce; if it bounces too much, you adjust. It's this kind of logic.
The data that came out yesterday was relatively good, leading to a reduction in interest rate cut expectations, which will push back the timing of rate cuts, directly causing the yield on the 10-year U.S. Treasury to rise. This is very unfriendly to the market.
Another point is that the positive outcomes from CES were released yesterday, along with the previous surge being too strong.
You will definitely ask what will happen next. Today, focus on the ADP employment data at 9:15 PM, as this will directly affect tonight's market trend.
