Jiuge's analysis of CPI is fresh: Everyone said that something big is going to happen tonight, right? Last week's employment data "exploded", and today's CPI is going to "explode" again!
Everyone has seen the data last week, right? The exaggerated degree of employment growth has made Americans themselves suspicious! From a basic logic point of view: employment growth shows that the market remains optimistic, and investment should be increased in the manufacturing industry! Then the US stock market pulled up across the board, even if the interest rate cut of 50bp is no longer needed, it will still start the big rise mode at night!
So what about tonight? After the release of last week's employment report, CPI obviously put more pressure on this week's consumer price index (CPI) data.
CPI data directly affects inflation, and inflation directly affects the Fed's interest rate cut! If there is no interest rate cut in November, what will happen?
Last week's data was already positive, and the US stock market also pulled up; then this week's data continues to be positive or pull up, which means that the water behind it is not ordinary deep!
In this case, I really don't dare to enter the market! Because I can't find a reason to be bullish. Every time the data is not released before the market starts to pull up, it is not a good thing! I would rather go short when the price goes up than go long!
Everyone knows that I am looking for 60,000 to break. If it doesn’t break and doesn’t meet my expectations, I won’t enter the market. I didn’t catch the rebound of 606 today, so I just waited! The position of 61600 is very critical! I will go short here! The stop loss is 62000! You don’t have to follow me, you have to have your own way!