As the US stock market hits new highs, the CEO of Xiaomo warns that the market is overly optimistic! With the narrowing of the rise in April CPI data, market expectations for the Fed's September rate cut have strengthened, and the US stock market has continued to rise this week. On Friday Eastern Time, the Dow Jones Industrial Average rose 0.34% to close at 40003.59 points, marking the first time in history that it closed above the 40000 point mark. However, amidst the cheers in the market, Jamie Dimon, CEO of JPMorgan Chase, issued a warning that the market was too happy too early.