If this data is true and correct, it proves that the US stock market is still optimistic about the market before the subsequent interest rate cuts, which indicates that the US stock market will continue to maintain an optimistic trading rhythm of interest rate cuts, provided that tomorrow's GDP and Friday's PCE do not have problems. Under the premise that there is no interest rate cut at present, once the economic data goes bad, often a small data can lead to the possibility of future economic decline. After all, the recent interest rate cuts have been accompanied by economic recessions, especially the Internet bubble in 2001 and the subprime mortgage crisis in 2008. The soft landing that the Federal Reserve has always "dreamed" has basically not been achieved in the United States in the past 30 years. Therefore, once the interest rate is cut, the market's potential confidence in this attempt at a soft landing is actually not sufficient. Comparing the United States 30 years ago with the United States today, I believe that even Americans themselves know what the situation is.