This week, the US stock market really wore people out.

Last Friday, non-farm payrolls exploded past expectations of 172k vs 88k,
on Wednesday, CPI hit 4.2%, and Sichuan Province again called for strikes against Iran.
Three different scenarios in three days, the S&P was hammered down from its high,
bounced back in the middle, then leaked again.
Short-term traders have probably been whipped around several times already.
Next Tuesday is the FOMC meeting, with CPI at 4.2% sitting there,
how can Powell be dovish?
Interest rate futures have already started secretly pricing in rate hike expectations.
This round of tech stock sell-off is about valuation, not performance—
the AI narrative hasn't collapsed, but those who buy blindly without looking at PE are already losing so much they don't want to open their accounts anymore.
Today, Friday, likely sees reduced volume and sideways fluctuation.
The real drama is next week. #美伊冲突升级 #美国5月CPI创三年新高