This week's market movements lack stability. Heavyweight data are being released one after another, and the entire market is in a state of potential turbulence at any moment.

First, regarding the Federal Reserve—officials have recently been sending hawkish signals repeatedly, which has already cooled market expectations of rate cuts. Additionally, the upcoming November non-farm payrolls and CPI data will be released—one showing strength and the other weakness. Any surprise beyond expectations could be enough to change traders' positioning logic. Meanwhile, the probability of the Bank of Japan raising interest rates has been priced into the market at over 70%, bringing a re-pricing pressure on global liquidity.

In simple terms, it's no longer just about being bullish or bearish. The key is how to survive this week. Risk management should come before choosing direction—don't underestimate the impact of these macro data points—an unexpected report can trigger chain reactions. Positions should be lightened where necessary and protected where needed. In this market condition, preserving capital is more realistic than chasing profits.