September 30th 20:30: Focus on PCE Market expectation: PCE：3.7% Core PCE：3.3% The most important one is Core PCE You can simply understand it as: PCE lower than expected=inflation cools down → Fed pressure decreases → US Treasury yields decline → Nasdaq is more likely to rise → BTC is also more likely to benefit For example, Core PCE: Expected 3.3% → Actual 3.1% The market may rapidly boost technology stocks and BTC. conversely: PCE higher than expected=inflation still high → Fed may be more hawkish → US Treasury yields rise → Nasdaq easy to fall → BTC under pressure for example Expected 3.3% → Actual 3.5% You actually only look at three things when staring at the disk: ① Core PCE actual value vs 3.3% expected ② How does the 10-year US Treasury yield move ③ Is Nasdaq following the confirmation The simplest judgment: PCE low+10Y decline+Nasdaq rise=bullish PCE high+10Y up+Nasdaq down=bearish The reaction of the 10Y US Treasury yield is important because it can tell you whether the market understands this data as "inflation cooling" or "the Fed being more hawkish". Do you want to trade US stocks at @ MSX_CN: https://(msx. com)/register? code=8lMJ67