Big-Tech’s PerformanceWeekly macro storyline: Divergence on US stock marketQ1 of the US stock market experienced rain, so "whether it is a medium-term intervention point" has become a hot topic of discussion.Policies favor the real economy over capital markets, while "soft data" continues to weaken.The core differences and market focus on the direction of the market are: foreign capital flows (Goldman Sachs believes that foreign capital, especially European funds, will continue to inflow, UBS warned that the funds may return to the local market), sustainability of the rebound (Morgan based on the technical aspects of the short-term bullish, but medium-term by the impact of the policy, the Mo emphasized that the fundamentals of the rebound of the limitation of the space of the weak), positi