Several key time nodes to watch next week may influence short-term market sentiment.

The November ISM Manufacturing PMI will be released on Monday evening. This thing comes out earlier than GDP and non-farm data, and can sense the economic ups and downs in advance, but historically it hasn't had a particularly strong impact on the market.

Tuesday is the main event—at 9 AM Beijing time, Powell will be speaking. Although the official topic has not been disclosed, with the December interest rate meeting approaching, any signals released during this speech by old Powell could be overly interpreted by the market. It is recommended to pay close attention to any changes in his wording regarding the interest rate path.

The ADP employment figures for November will be announced at 21:15 on Wednesday night, which is known as the "small non-farm". This week, it is highly likely that there will be no big non-farm data released, so the ADP may become the last employment data reference before the December meeting. If the data significantly deviates from expectations, the volatility could be considerable.

Thursday is still the weekly routine for the initial jobless claims, released at 21:30. This is regular data, and unless there is an abnormal deviation, the impact is limited.

On Friday, the September PCE data will be released, along with inflation expectations and the consumer confidence index. Although PCE is somewhat lagging, the Federal Reserve has always regarded it as a core inflation indicator. When viewed together with the consumer confidence index, it can roughly gauge the real feelings of the American public towards the economy.

This week is data-intensive, and it is recommended to prepare risk management in advance.