The service industry pmi that exceeded the expectation last night slightly eased the market's worries about stagflation or recession. Trump's one month tariff exemption for Canadian cars also eased the market's panic over policies. On Tuesday, the Nasdaq retraced its steps to the annual line and received a needle, indicating that the bearish trend is not breaking new lows in the short term, which is a good signal. The most important thing is Friday's non farm payroll and unemployment rate data: seeing last night's ADP small non farm payroll employment of 70000 people and Bloomberg @ AnnaEconomist's expected 65000 people, both of these are very explosive numbers, enough to make the market very panicked that the economy has already declined. If the data released on Friday is not as bad as expected, it may also be a good thing for the market.