The market has been volatile over the past week, with several key pieces of information worth noting.

First, let's look at the macro picture. The S&P 500 has pulled back from its historical highs, and the banking sector came under pressure after JPMorgan's earnings report was released. However, there are bright spots — WTI crude oil futures broke through the $61 level directly, silver hit new highs again, and the jump in commodities signals a clear upward trend. On the other hand, the US December core CPI data was below expectations, giving traders room to imagine continued rate cuts mid-year.

Policy developments are even more dramatic. Trump made a series of remarks, first announcing the cancellation of all talks with Iranian officials, which immediately pushed crude oil prices up by over 3%. He then criticized Federal Reserve Chair Jerome Powell, saying he is either incompetent or corrupt, and hinted that rate cuts should happen as long as the economic conditions permit. Interestingly, multiple central banks around the world voiced support for the Fed Chair, with the Bank of Canada Governor describing the situation as "the highest level of public service."

On the trade front, China's Ministry of Commerce announced that from January 14, anti-dumping duties on solar-grade polysilicon originating from the US and South Korea will continue for five years. This is a direct response to Trump's tariff policies.

In corporate news, JPMorgan's Q4 revenue grew over expectations by 7%, with stock trading revenue soaring 40%. However, weak bond underwriting and underwhelming investment banking results dragged net profit down 7% year-over-year.

On the industry side, Rongbai Technology and CATL have secured a large order worth 120 billion yuan for lithium iron phosphate batteries, indicating a hot market for new energy batteries. Meanwhile, Venezuela's stock index surged 130% over the past 10 days, and the US has filed for its first related ETF, signaling real market changes.

Keep an eye on next Wednesday, when China's December import and export data will be released, potentially further influencing market expectations.