Recent market conditions have shown new changes, displaying a weakening trend since yesterday afternoon. It is currently unclear whether this is a regular range fluctuation or a correction after reaching a peak, but analysis indicates that it may be related to risk aversion triggered by the upcoming CPI data.

The impact of the previous non-farm payroll data revision is still ongoing, leading many investors to choose to withdraw early and adopt a wait-and-see attitude. According to market predictions, the upcoming core CPI month-on-month rate is expected to reach 0.3%, with the year-on-year rate between 3.0% and 3.1%; while the CPI month-on-month rate is expected to be 0.2%, with the year-on-year rate in the range of 2.7% to 2.8%. These figures represent a slight increase compared to last month.

The market's reaction logic to the CPI data that will be announced tonight is relatively simple: if the data is lower than expected or the previous value, it will be seen as a positive signal; conversely, if it is higher than expected, it may have a negative impact. If the data deviates significantly from expectations, it could trigger a stronger negative reaction.

However, compared to the previous non-farm employment data, the likelihood of significant surprises from this CPI data is relatively low. Nevertheless, market sentiment remains cautious, with most investors opting for a wait-and-see approach.

This series of events reflects the sensitivity of the current financial markets and the significant impact of economic indicators on investment decisions. Investors need to closely monitor the upcoming CPI data and timely adjust their investment strategies based on the actual situation. At the same time, they should also be aware that changes in market sentiment may lead to short-term volatility, and they should be prepared for risk management.