To The Moon

At the beginning of September, U.S. stocks fell again. It is worth noting that the Nasdaq index did not rise to the record high set on July 10, driven by the performance of large technology companies exceeding expectations in the second quarter and rising expectations of interest rate cuts by the Federal Reserve. We believe that the market's hidden worries about U.S. economic growth have affected investor confidence. In addition, the uncertainty of the Federal Reserve's future interest rate cuts, the increasing capital expenditure burden of U.S. technology companies and the uncertainty of fiscal policy brought by the general election have also led to the short-term weakness of U.S. stocks, and there is a great risk of adjustment in U.S. stocks in the short term.There are hidden worries in

Since July this year, weak economic data from the United States has further exacerbated market fears of a recession and led to greater volatility.However, as the market gradually stabilized, investors' expectations of a rate cut by the Federal Reserve in September became clearer and the market has fully priced in the possibility of a rate cut.From a macro perspective, economic data have been erratic, related to the different stages of the current economic cycle and the "green-tinged" policy environment.Currently, corporate earnings data provides a more micro perspective to help further understand market sentiment.9-5_EI InfographicOverall trend: Q2 earnings performance exceeded expectations, revenue growth and cost control to drive up net profit marginsAt the overall level, U.S. corporate