The Market and Fiscal Impact of U.S. Economic Policy"Short-term and long-term effects of the "Bigger and Better BillShort-term impact: The passage of the bill will directly boost confidence in the U.S. market, enhance investor expectations through the release of policy dividends, and promote capital market activity.Long-term impact: alleviate the market's concern about U.S. fiscal sustainability.The bill may optimize the efficiency of fiscal spending through structural reforms and reduce expectations of debt default risk.Evolving trends in trade friction and corporate impactForecast of the pattern after the July 9 tariff war pause periodPolicy continuity: The three-month pause period is likely to be extended, but it is difficult to see substantial improvement in the tariff structure.The Un

Big-Tech’s PerformanceMacro Headlines This Week:“The Great and Beautiful” bill passes; conflicting employment data; U.S.-Vietnam tariff deal reached, but July 9 deadline looms?The "Great and Beautiful" Bill, championed by Trump, passed the Senate in a 50-50 tie (with Vance casting the decisive vote). The House also approved it on July 3, and it's expected to be signed into law on July 4. While markets fear it may worsen the fiscal deficit, it could provide a short-term economic boost — potentially just the beginning. In response, Elon Musk once again lashed out, threatening to form a new political force to oppose it.Employment Data Clash:June ADP report showed a drop of 33,000 jobs (vs. forecast of +98,000), pushing the probability of a July rate cut to over 27%.However, the next day, the

HOOD stock has soared to an all-time high, driven by the fintech trading app's launch of a series of new cryptocurrency-related products. $Robinhood(HOOD)$ a trading platform with a mission to popularize investing in the financial markets, recently announced a series of groundbreaking initiatives at the "Robinhood Presents: Capture the Token" event held in Cannes, France on June 30, 2025, includingLaunch of stock tokensDeveloped Layer 2 blockchainExpansion of the cryptocurrency service suite to cover features such as perpetual futures and pledging.These developments not only enhance Robin Hood's platform capabilities, but also position it as a pioneer in the convergence of traditional finance and blockchain technology.Stock tokens: opening the US

Bank Sector Trend Review: the Cycle Rises Again, Valuation Fixes Drive Collective UpsideSince June 2025, the U.S. banking sector has significantly outperformed the broader market, especially the shares of systemic banks (JPM, BAC, C, WFC) and investment banking duo (GS, MS) have recorded gains of 5%-15%, with $SPDR S&P Bank ETF(KBE)$ and the large bank ETF $Invesco KBW Bank ETF(KBWB)$ rising about 11% and 13% respectively, strongly reflecting the warming market sentiment and the sector's valuation repair. KBWBrose about 11% and 13%, respectively, strongly reflecting the rebound in market sentiment and sector valuation repair.Key driversStrengthened expectations of spread widening:Although the Federal R

Big-Tech’s PerformanceWeek Macro Highlights: Diverging Markets Amid Peace; Is the Fed Splitting Too?The Israel-Iran conflict appears to have reached a temporary conclusion this week. Although the U.S. launched strikes on three Iranian nuclear facilities, escalating tensions, a ceasefire was soon reached between Israel and Iran, easing market concerns. U.S. equities showed divergence: while the Nasdaq 100, driven by tech stocks, hit new highs, the Dow Jones, with its traditional energy sector heavyweights, remained below its peak.Fed Chair Jerome Powell is facing off directly with Trump. Regardless of Trump's accusations that he's acting “too late,” Powell remained unmoved on rate cuts. In his congressional testimony this week, he emphasized a reluctance to “take the blame” and expressed co

$Micron Technology(MU)$ Q3 FY2025 results for the quarter ended 5/2025 show that the company is benefiting significantly from AI-driven storage demand, with revenues and earnings exceeding expectations, and improvements in gross margin and operating income reflecting strong operational capabilities.Rapid growth in the data center business and sell-out of HBM underscore the company's competitive advantage in high-growth markets.Optimistic guidance for the fourth quarter further supports the potential for a valuation revaluation.Investors should keep an eye on Micron's continued expansion in the AI market, execution of its capex program, and potential industry cyclical risks.Overall, Micron's strategic positioning and financial performance make it a n

Big-Tech’s PerformanceWeekly Macro Highlights: Escalation Between Iran and Israel, Powell vs. Trump War of Words, Stablecoin TurmoilThe escalation in the Middle East was one of the main drivers of market volatility this week. Israel’s strike on key Iranian facilities could lead to further increases in oil prices, fueling inflation expectations and exerting pressure on U.S. equities—particularly those in energy-sensitive sectors. While the upward trend in oil prices slightly eased this week, geopolitical uncertainty remains a key market risk for the foreseeable future.On the other hand, despite solid economic data, the Fed unsurprisingly refrained from cutting interest rates and reiterated concerns over tariffs and their potential inflationary effects. Trump again lambasted Powell as “stupi

$Meta Platforms, Inc.(META)$ has recently announced a pivotal shift in its WhatsApp strategy by introducing advertising to the platform, marking a departure from its long-standing "no ads" policy. This move aims to monetize WhatsApp’s massive user base of over 3 billion monthly active users, leveraging its Updates tab for ads, channel subscriptions, and promoted channels. This report analyzes Meta’s strategic pivot, recent financial performance, market expectations, and valuation implications, arguing that while the advertising initiative presents significant revenue potential, it must navigate user privacy concerns and market dynamics to ensure long-term success.WhastApp to start showing ads in messaging app launches news monetisation featuresStr

This week's tech market has hidden a lot of structural variability in the midst of overall moderation.From the macro to the plate, to the company's fundamentals, multiple dimensions intertwined the current complex and full of opportunities.First, the macro risk is rising: tariff game resurfacesWhile the military tension between Israel and Iran has not subsided, a new round of tariff negotiations between the US and Vietnam has become the focus of recent market attention.Bloomberg reported that the U.S. is proposing to impose 20-25% tariffs on Vietnam's exports, significantly higher than the 10% range previously expected by the market.Tariff risk has re-emerged as a major variable weighing on risk appetite as the July 9 deadline for negotiations approaches.Over the past few weeks, market cap

Big-Tech’s PerformanceWeekly Macro Highlights: The showdown between the bigwigs With May’s CPI continuing to decline—core inflation easing even further—Trump launched a fierce attack on Powell at the White House this week, urging a rate cut and even specifying a "2 percentage point" reduction. Although his claim of saving $600 billion annually may not materialize, the reality is that with ballooning U.S. debt, government interest expenses are under significant pressure. On June 13, he went so far as to call Powell a “blockhead.” However, Powell remained committed to data-driven policy and resisting political interference, with no signs of easing tension. The market is closely watching the Fed's next moves.In macro markets, U.S. long-term bond yields fell by 6–8bps as expectations of Fed ra

Nuclear sector stocks $Oklo Inc.(OKLO)$ and $NuScale Power(SMR)$ have been very strong in recent weeks, largely driven by recent industry trends.OKLO (Oklo Inc.).OKLO is a company focused on developing advanced fission power plant and nuclear fuel recycling technologies, and its stock has been a notable recent performer.On June 11, OKLO closed at $68.03, up 29.48% from the previous trading session's price of $52.58, showing a strong one-day performance.However, the performance for the past week (ending June 11) was -6.18%, which may reflect short-term market volatility.OKLO is up 92.52% over the past month and 44.91% year-to-date (as of early January), indicating a strong long-term trend.Although the compa