Today is going to be very lively, with several major events happening together. U.S. CPI data➕TSMC earnings➕SpaceX IPO early cutoff. Crazy Wednesday is coming.

Three things happening on the same day, each alone could shake the market, now all stacked together.

CPI comes out first. Market expectations are that inflation in May might head towards 4%, and energy in the Middle East hasn't calmed down yet. If the data exceeds expectations, the probability of a rate cut in September will be further compressed, with gold and U.S. Treasuries reaching critical levels, and the direction may be determined after this data is released.

TSMC reports monthly earnings. Nvidia, AMD, Apple—advanced process technology basically can't avoid TSMC. How strong the AI demand really is, TSMC’s midday sales data will provide a reference answer. If it exceeds expectations, semiconductor sector sentiment will improve significantly; if it underperforms, market concerns about the sustainability of AI capital expenditure might resurface.

SpaceX is said to be cutting off orders early. The roadshow response has been good, and news says that by the close on Wednesday, institutional subscriptions will stop. Currently, the reported subscription interest scale is quite substantial. If true, some funds might shift to grab quotas in the next few days, which could impact liquidity somewhat.

Three events stacked together, the direction isn’t certain, but the probability of volatility is high.

Stay alert, there should be something to watch. #Gate直通IPO认购SpaceX #非农数据超预期加息预期升温 $BTC