Group 1 - The article discusses the strengthening expectations of inflation trading, indicating a potential shift in market sentiment towards risk appetite, despite the overall weak performance of the U.S. stock market [4][10][11] - The U.S. dollar index showed a strong rebound, closing at 98.66 points, with a rise of 440 points or 0.45%, driven by better-than-expected manufacturing PMI data [3][8] - Precious metals and crude oil markets demonstrated a "first suppressed then rising" pattern, suggesting that the market is beginning to ignore the strength of the dollar and is instead focusing on inflation expectations [4][10] Group 2 - The article highlights that the recent strong PMI data indicates a robust expansion in the U.S. economy, with a reading of 53.3, which is significantly above market expectations [8][10] - The article notes that the current net short positions in the dollar have decreased to $3.182 billion, indicating a shift in market positioning towards a stronger dollar [10] - The analysis suggests that the oil market is at a potential turning point, with the possibility of a mid-term bottom forming, as indicated by the recent low net long positions in NYMEX crude oil futures [16][18]