The second largest net inflow in a single day in history recently shown by spot ETFs has undoubtedly injected a shot of adrenaline into the market, suggesting that the market may be on the way to strength and has the potential to hit a new record high.

However, to determine whether this will start a magnificent uptrend or just a short-term shock, we still need to pay close attention to the cooperation of other macro data.

This month, two key economic data will be an important reference for us to judge the market trend. First, the non-farm data to be released this Friday will provide us with intuitive information about the current situation of the US job market.

A strong job market usually means stable economic growth, which will undoubtedly play a positive role in promoting the market.

Secondly, the interest rate decision of the Federal Reserve next Wednesday (June 12) is even more of a concern for the global market. The monetary policy decision of the Federal Reserve will directly affect the capital flow and risk preference of the global financial market.

If the Federal Reserve sends a signal of continuing to ease or maintain the existing interest rate policy, then this will further boost market sentiment and push the market towards a new record high.

In summary, although the net inflow of spot ETFs has brought positive signals to the market, the future trend of the market still depends on the cooperation of a series of macro data. Investors should pay close attention to these important data and make wise investment decisions based on their own investment strategies and risk tolerance.

I think that central banks in various countries are gradually cutting interest rates, which will put some pressure on the Federal Reserve. I believe that in the near future, the Federal Reserve will also be forced to cut interest rates in advance. #山寨季何时到来？ #5月非农数据即将公布