BlockBeats News, July 5th, "Byte Stock Trading Earns $30 Million" protagonist Leto Bao reviewed the journey of making $30 million through a stock market comeback at the Binance Square. He stated that CPI, non-farm payrolls, and Fed policies are all macro factors, while earnings season more reflects specific company or industry performance, and also reflects macroeconomic changes.

Leto Bao claimed that the CPI, Consumer Price Index, is also one of the key indicators closely watched by the Fed. If the CPI is high, it usually means there is significant inflation pressure; if the CPI is low, it may reflect deflationary pressure. The Fed's long-term goal is to maintain inflation at around 2%, representing a mild inflation environment, which means that the currency is slowly depreciating, while investment, consumption, and credit activities are in a relatively benign state. Non-farm data also influences market assessments. There is a certain correlation between overheated employment and inflation, but the relationship between macroeconomic indicators is complex and not a simple linear deduction. The Fed is responsible for formulating interest rate-related economic policies and adjusting policies to serve the operation of the U.S. economy.

Leto Bao believes that CPI, non-farm payrolls, Fed policies, and earnings season should not be simply seen as "noise" but all have certain reference significance. He mentioned that when he previously invested in NVIDIA, he ignored the interest rate hike environment, leading to a significant account drawdown. Therefore, macro factors still need to be considered in investment decisions.

Leto Bao is a former employee of ByteDance, known as the "Byte Stock Trading Brother." Due to his U.S. stock investment seizing the AI storage track to achieve substantial profits, it was rumored that he made about 30 million RMB and resigned. The story originated from his discovery of a significant price increase when buying hard drives on Pinduoduo, which led him to research data storage demand and heavily invest in related stocks.