These past two days have been all bad data. For short-term capital, this is purely a difficult choice. With this PPI and CPI data, the market will say it's good enough if Powell doesn't raise rates after taking office, let alone talk about rate cuts. The main thing is that the US and Iran still have an agreement to reach. It should be said thanks to China for giving him the opportunity to visit at this point in time (visiting China right when this data is released might be part of the plan). It just depends on whether the market expects his China trip to digest this major negative news tonight.

I'm also one of those people stubbornly holding out hope, hoping for good news tomorrow during the day. We can't afford to fall out with Iran, and we definitely can't fall out with China, boss!

$Sandisk(SNDK.US)$Micron Tech(MU.US)$Himax Tech(HIMX.US)$Western Digital(WDC.US)$Intel(INTC.US)$AMD(AMD.US)