1. Tariffs have returned to normal, which means that the weight of the event factor of tariffs on the market has been greatly reduced; 2. Correspondingly, the factors that affect market trends, from a macro perspective, are inflation and economic influence weights that have increased; 3. From a micro perspective, it is whether there are new narratives in the currency circle and whether there are new hot spots; Apart from emotions, these are all shown to us. #CPI data coming