$Best Buy(BBY)$ plunged 13% after its earnings report, which honestly didn't look too bad, but because of the decline in same-store sales, it will have investors combining that with the previous weaker-than-expected guidance from $Wal-Mart(WMT)$ that retail sales are sluggish and recession risks areincrease. $Target(TGT)$ TakeawaysTariff uncertainty: China/Mexico tariffs are the biggest risk variable, initially estimated to drag sales by 1% (if maintained at 10%), but management emphasizes flexibility (SKU adjustment/supplier negotiation).New business layout: Marketplace (SKU expansion) and Ads (agency cooperation) are future profit engines, FY26 investment period,

Big-Tech’s PerformanceWeekly macro storyline:U.S. stocks risk sentiment rose sharply, the $NASDAQ(.IXIC)$ recorded the largest one-day decline since DeepSeek.Tariffs again, USD strengthened , but the Yen began to return to the "safe-haven" propertyConcerns about jobless claims data are starting to escalate, which could be a sign of economic problems or a consequence of the recent widespread layoffs in the DOGE sector, and it is suspected that the market is taking its anger out on the TSLA.Big techs, Nvidia's earnings report is naturally the focus, but the impact has declined, even if the data is still great, but "beautiful enough" will allow investors to take profits to step on.Since the beginning of the year, only META in the big technology reco

$Dell Technologies Inc.(DELL)$ this quarter showed a "fire and ice" pattern: AI server demand explosion and traditional business decline coexist, PC market dawn but the consumer side is still mired in the quagmire.Short-term catalysts: AI server deliveries driven by improved GPU supply; long-term risks: storage business shrinking faster than expected, APEX transformation not as good as peers (e.g., $Hewlett Packard Enterprise(HPE)$ 's GreenLake).Key indicators to watch: AI server deliveries, commercial PC order growth, APEX subscription revenue share.Performance and market feedbackCore FinancialsRevenue: $22.3B (11% yoy, slightly beat estimates of $22.1B, +0.6%)Adjusted EPS: $1.74 (beat estimate of $1.72,

Big-Tech’s PerformanceWeekly macro storyline:U.S. stocks are relatively flat: Trump continues to point fingers on the "Russia-Ukraine" issue while further utilizing tariffs to scare the world, but the market is not surprised; the U.S. dollar continues to fall, U.S. stocks are hovering at new highs, and U.S. bonds are instead ushering in incremental volume due to the Fed's minutes message.Changes in non-U.S. regions gradually become the main line: China's AI main line caused by stock trading congestion; Japan's CPI exceeded expectations caused by the yen appreciation; and Europe will usher in the German election, the market is confusing; gold continues to new highs, Goldman Sachs target price raised to 3100U.S. stocks big technology, in addition to Apple's painless remedy for Greater China

The minutes of the Fed's January 28-29 meeting, released on Wednesday, were actually pretty much what the market communicated.The short answer is:Little willingness to cut rates, need to see more inflation data.Slow down QT, or even pause it.Reduce the pace of balance sheet reduction.Will adjust with fiscal policy.Possible impact of Trump's tariff policy;Reforms undertaken by Musk's DOGE department altering the US government's cash reserves (while the Treasury re-accumulates cash reserves, bank reserves could fall rapidly)But there is one piece of information that could affect future US bond trends: The Fed may adjust the bond composition ratio of SOMA after suspending tapering, implying possible purchases of US Treasuries in the secondary market.The System Open Market Account (SOMA) is a

The Hong Kong stock market has been strong, with $HSTECH(HSTECH)$ and $HSI(HSI)$ rising significantly after the Chinese New Year, outperforming $SHANGHAI SHENZHEN 300 INDEX(399300)$ This round of market and the September-October marketSimilaritiesDrivers: Both rounds were driven by sentiment.The September round was driven by a rapid shift in aggregate policy and expectations, which triggered high market sentiment and drove the Hang Seng Index sharply higher;This round, on the other hand, it was DeepSeek-induced sentiment on technology and China asset revaluation that drove the market upward.Funding Characteristics:In terms of fund flows, southward funds in the

Big-Tech’s PerformanceWeekly macro storyline:CPI beat: USD rallied for a while, but the overall downtrend of CPI remained unchanged, and Powell downplayed its impact (mainly looking at PCE), and the USD index then retreated (risk assets rallied)Trump's tariff policy: economic and trade advocacy, including the promotion of reciprocal tariffs on some countries (can also be a uniform tariff), the new " consider the use of the value-added tax system (VAT) countries to impose tariffs ", taking into account a variety of factors to set up barriers to trade, emphasising fair competition, commenting on the chip manufacturing and so on.U.S. bond yields after the peak, as inflation down expectations, the market began to get used to Trump "uncertainty, but also slowly downward.The "East Rising" has be