#通胀数据影响# Looking back at the past, the cyclical changes in the market always evoke profound feelings. Today, seeing the S&P 500 and Nasdaq both hit historic highs reminds me of the dramatic bull-bear transitions of the past. Behind this rise, inflation data and interest rate cut expectations are undoubtedly key factors. From historical experience, whenever the market has strong expectations for monetary policy easing, it often drives a wave of pump.

However, as an old-timer who has witnessed multiple market cycles, I must remind everyone to remain cautious. The past failures teach us that overly optimistic sentiments are often a precursor to the accumulation of risks. Especially with the rise of tech stocks driven by the current AI craze, it reminds me of the scenes during the dot-com bubble in 2000.

Of course, history does not simply repeat itself, but it often rhymes. The current inflation situation, the direction of Federal Reserve policy, and the global economic landscape are all worth our close attention. Based on past successful experiences, it is especially important to stay calm and manage risks during such times. After all, the market always oscillates between extreme greed and extreme fear, and true wisdom lies in finding balance within the cycle.