Let me say it again. Even if CPI is positive in the short term, it still cannot change the direction of the trend during this period of time. It is destined to clean up the chips for a period of time. The short orders are mainly short orders when the large-scale pressure is stepped back. Spot traders can hedge if they can, and if they can't, they can pledge and watch the sea and see the cyclical increase.
Pay attention to the impact of CPI at 8.30 today. The market expects 3.4%, and the previous value is 3.5%. As a consumer index, if this round of CPI is higher than market expectations, it means that inflationary pressure is too great. The Federal Reserve may accelerate the expectation of interest rate cuts, which is bearish for the market.
If CPI is lower than 3.4% or equal to market expectations, there will be no interest rate cuts in June, and even after September. The lower the CPI value, the better the market's expectations in the short term.
