The PPI data will be released again tonight at 9:30. In this market, sensitive and turbulent autumn, even slightly worse data could be the last straw.
Intuitively, the poor CPI data on Tuesday might suggest that tonight's PPI won't be great either. But actually, a hot CPI doesn't directly equate to a hot PPI, as their statistical scopes differ.
However, what currently impacts the market is still the rebalancing of various factions after Trump's election loss weakened his power control.
At present, market expectations, especially the overall month-on-month compared to previous values, have dropped significantly. After the data is released, news headlines might look better, but the key is whether it's better than expected.
Let's wait. This time, if we can't guess, we won't guess. The market is not suitable for gambling at this stage. Besides the PPI, there will also be Federal Reserve officials' speeches and randomly updated uncertain events. In a volatile market, good risk control and taking profits when appropriate are very necessary. A trending market may still take another month or two to arrive.
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