The current market is in a relatively calm state, with all eyes focused on the CPI data to be released at 8:30 PM tonight. This data may become a key factor in determining the short-term direction of the market.

The market generally expects the core CPI month-on-month to be 0.3%, with the year-on-year rate between 3.0% and 3.1%; the overall CPI month-on-month is expected to be 0.2%, with the year-on-year rate approximately at 2.7% to 2.8%. These figures represent a slight increase compared to last month, indicating that inflationary pressures may still be persisting.

After the data is released, the market may react in the following ways: if the actual data is lower than expected, the market may rise; if it is slightly higher than expected, it may bring short-term pressure; and if it deviates significantly from expectations, especially if it is significantly higher than expected, it may trigger a large decline. However, compared to the recent non-farm employment data, the possibility of this CPI data causing significant market volatility is relatively small.

For investors, a market pullback may present a good opportunity to gradually build a position. However, in the face of a downturn, many investors may still remain cautious, even worrying about whether a bear market has begun. This psychological state is actually quite common, but excessive pessimism may lead to missing potential investment opportunities.

Regardless, it is crucial to remain calm and rational. Closely monitor the data, adjust strategies flexibly based on market reactions, while also maintaining a long-term perspective and not letting short-term fluctuations overly influence judgment. Finding opportunities amidst uncertainty is the key to successful investing.