It's been a long time since I stayed up late, last night I vaguely stayed up until 2 a.m., then Bao Yu spoke, and he also brought in Chuanzi to talk, then carried a $1,000+ 📉.

Interest rates remain as market expectations, unchanged. Bao Yu's speech still focused on maintaining his image as an inflation fighter, emphasizing inflation, and refusing to cut rates or high oil prices will delay easing.
The only good news is that the new leader said they will incorporate cryptocurrencies into the financial system, which is a systemic positive.
In terms of timing: there was a policy vacuum before taking office on May 15. If they then signal a dovish stance, that would be a strong upward momentum.
Within three months, if AI deflation or systemic issues in the banking sector occur, it could trigger money printing, 🫓 breaking through 120k!