The script is almost as expected. Although it was proven yesterday that the 90 day tariff extension was an error, the risk market still gave a positive answer. This means that the market has always believed that the final implementation of tariffs will not be in the same way as April 2nd. In addition to China, the White House has revealed that it has discussed tariffs with more than 70 countries and regions. Therefore, there is a high probability that the tariffs on April 9th will be lighter than those announced on April 2nd. The degree of lightness is unknown, but as long as it is light, it is good for the market. Today's pre-market US stock index futures have started to rebound, with the Nasdaq futures up 1.62%, S&P futures up 1.64%, Dow Jones futures up 1.91%, and VIX falling to 43.23%. Although the US stock market is still on the brink of a "bear market", market sentiment has begun to recover. The aftermath of tariffs is only the first blow. May's CPI and PCE data should be the second blow, and July's GDP data should be the third blow. Enjoy the current tranquility, as the difficulty in the future may be even higher. The 20-year and 30-year US Treasury bonds have broken through 4.6 and 4.58, respectively, and are now experiencing a slight decline. It seems that there is not much time left for bottom fishing, as the overall risk market is only rebounding and cannot achieve a reversal. There is still GDP waiting at the end of the month. The trading difficulty in April will be higher, so be more careful. This tweet is sponsored by @ ApeXProtocolCN | Dex With Apex