[ByteDance Stock Trading Protagonist Earns 30 Million: CPI, Non-Farm Payrolls, and Other Data Are Not Market Noise, Once Faced Significant Drawdown Due to Ignoring Rate Hike Environment] BlockBeats News, July 5, the protagonist of 'ByteDance Stock Trading Earns 30 Million,' Leto Bao, reviewed his journey of turning the tide in U.S. stocks to earn 30 million on Binance Square. He stated that CPI, non-farm payrolls, and Federal Reserve policies are all macroeconomic factors, while earnings season reflects the performance of specific companies or industries and also indicates changes in the macroeconomy. Leto Bao mentioned that the CPI (Consumer Price Index) is one of the key indicators monitored by the Federal Reserve. If the CPI is high, it usually indicates significant inflationary pressure; if the CPI is low, it may reflect deflationary pressure. The Federal Reserve's long-term goal is to maintain inflation at around 2%, which represents a moderate inflation environment, implying a slow depreciation of currency while investment, consumption, and credit activities remain relatively healthy. Non-farm payroll data also influences market judgment. There is a certain correlation between overheated employment and inflation, but the relationship between macroeconomic indicators is complex and not a simple linear deduction. The Federal Reserve is responsible for formulating economic policies related to interest rates and adjusts policies to serve the functioning of the U.S. economy. Leto Bao believes that CPI, non-farm payrolls, Federal Reserve policies, and earnings season should not be simply dismissed as 'noise,' as they all hold certain reference value. He mentioned that he previously faced a significant drawdown in his account when investing in NVIDIA due to ignoring the broader rate hike environment, highlighting the importance of incorporating macroeconomic factors into investment decisions. Leto Bao is a former ByteDance employee, known as the 'ByteDance Stock Trading Guy.' He reportedly earned approximately 30 million RMB from U.S. stock investments by capitalizing on the AI storage sector, which led him to resign. The story originated when he noticed an unusual price surge while purchasing hard drives on Pinduoduo, prompting him to research data storage demand and heavily invest in related stocks.