Last night, did you get on the bus? This time it wasn't a carnival for no reason.

The fuse came very directly - the United States just issued job vacancies in October: 7.67 million. You know, the market guessed 7.15 million before. What does this gap mean? The job market is not as cool as everyone thinks, and the economic foundation is stronger than expected.

So traders' minds are spinning: since the economy can still hold on, even if the Fed cuts interest rates tonight, it may not be so aggressive in the future. Some people even began to mutter, will this be the finale of this round of interest rate cuts?

The result? Funds began to rush in advance, rushing to get on the bus, for fear of missing this wave of "last chance before the good news is realized".

But to be honest, the mood is quite divided now. Of course, the interest rate cut itself is a good thing, but the hint of "hawkish interest rate cut" is also bottomless. So the market rises first in this twist.

So how do ordinary people play? I have always said: Before the big news comes out, don't bet on the direction, let alone use high leverage. The real card will not be lit until after 3 a.m. Beijing time.

When the time comes, keep an eye on two things: every wording in Powell's speech, and that dot plot — it will tell you how many more rate cuts are there next year. These two things determine whether this wave of market is an appetizer or a finale.

If you don't want to be dizzy in the data bombardment, you can continue to pay attention to the in-depth interpretation of the market. When the resolution is implemented, let's talk about how to see and move next.