The PCE data is basically in line with expectations, but the impact is not significant. The market is paying attention to the current oil prices and the Bitcoin WTI speech by Walsh on Friday Walsh's speech looks at whether inflation is an eagle or a dove, while inflation looks at oil prices. At present, Iran says that it has reached an agreement with Amanda on the income distribution of the strait. The strait has navigation expectations, but the market is waiting for the United States. If it is not clear, the market will worry, just like now, so what is the attitude of Trump? In the evening, oil prices began to rise and are now around 82.5. As of the time of publication, CME expects a rate hike of over 40% in September, indicating an increase. The opening index of the US stock market experienced a decline, with Bitcoin falling below $785 at one point. The position of $785 is crucial. Before Friday, oil prices cannot continue to decline on the basis of 80-82, and there will definitely not be any good words in Walsh's speech. He will be hawkish, and the expectation of interest rate hikes will further increase. In this context, neither the US stock market nor the big cake can stand alone. Not to mention hoping that the big cake will turn around and return to the bull market If oil prices continue to decline around 80, it can also be considered as dispelling the expectation of interest rate hikes in September. While Walsh may not be very hawkish, the possibility of a dovish outlook is unlikely, and the impact on the market can be considered stable. Then let's look at the inflation data for August (released in September) To sum up, it is Trump's attitude, that is, the trend of oil prices. Regardless of the situation, I personally think it's still a bit difficult for Da Bing to break out of a good bull market trend at the moment. The best scenario is a 77-81 oscillation Once the expectation of interest rate hikes increases, market sentiment will start to seek safety again DYOR