The just released April PPI for the United States had a pre year value of 2.7%, an expected value of 2.5%, and a published value of 2.4%. The pre PPI value for April in the United States was 0%, with an expected value of 0.2% and a published value of -0.5%. The published values are all lower than the previous values and expectations, confirming the recent frenzy in the market that the US economy may enter deflation before inflation is resolved. The US retail data for April only increased by 0.1%, possibly due to a pessimistic economic outlook caused by tariffs leading to a slowdown in consumption. Powell only admitted with some hesitation that he lowered interest rates late last year, and if he continues to delay, he may have to say that he also lowered interest rates late this year. If there is no news until July, then it is almost certain that he is determined to play the role of white knight when the foam bursts. But if there is a rate cut before July, it still indicates that he is preparing to play the role of Bian Que's brother with the overall situation in mind. So whether it's facing the future black swan or the second round of tariffs in 90 days, whether it's post rescue or pre mine clearance, should Smart Money raise shipments in advance to prepare for unforeseen circumstances. Is the current market logic quite clear now.