The market has indeed been a bit difficult to write about these past couple of days. Overall, it remains in a narrow range of oscillation, with no breakthrough in market sentiment.

However, the developments in Venezuela are worth paying attention to—based on the progress, it largely aligns with the market’s previous expectations. The US has been pushing forward with oil import negotiations with Venezuela. Once an agreement is reached, its suppressive effect on global oil prices will be quite significant. The chain reaction of falling oil costs could ease inflationary pressures in the US, which would support future monetary policy expectations.

But the real highlight is still Friday. The rhythm of this week hinges on that point; everything before is just preparation. Whether the market can break out of this oscillation range depends on confirmation from that side.