$Tesla(TSLA.US)$XTALPI(02228.HK)

Good morning, the market focus is on US Treasury yields. The latest PPI has turned negative month-on-month, preparing the data reserve for the Fed's rate cut in June. Meanwhile, the great Trump Admin will roll over $6 trillion in maturing short-term Treasury bonds in June. How will the rates be set? It's really a big chess game.

In the past two days, the JPY/USD and EUR/USD exchange rates have been rebounding significantly. Does this validate that Japan and Europe are selling USD and buying their own currencies to bet against the dollar?

Let's sit tight and wait. Personally, I think Trump is going to lose this round. Unfortunately, our pockets have gotten much lighter—such a subtle sorrow.