1. Executive Summary $Micron Technology(MU)$ just delivered one of the strongest quarters in its history—and Wall Street is taking notice. Revenue, margins, and earnings all crushed expectations, but the bigger story wasn't the numbers. Management revealed 16 Strategic Customer Agreements (SCAs) covering roughly 20% of DRAM and one-third of NAND shipments, marking a major shift from the traditional boom-and-bust memory cycle toward longer-term contracted revenue. The response from analysts was swift: J.P. Morgan: Overweight, Price Target $1,540 (raised from $550) Morgan Stanley: Overweight, Price Target $1,200 (raised from $1,050) Goldman Sachs: Neutral, Price Target $1,100 (raised from $900) 📌 Key Insight: Wall Street isn't simply r

Chris Vermeulen : VOLUME AND MARKET INTERNALS SIGNAL WEAKNESS Chris Vermeulen — Technical Trader Speaker Profile Name: Chris Vermeulen Title/Position: Founder & Chief Market Strategist, TheTechnicalTraders Professional Background: Senior technical analyst specializing in market cycles, trend following, and trading strategies; author of technical analysis books; provides paid ETF signals and options trading signal services. Areas of Credibility: Technical analysis, market sentiment, sector rotation, precious metals & USD trends. Bias/Conflict of Interest: Sells paid subscription services (Premium ETF Signals, Options Trading Signals) through his website, creating potential conflicts of interest; long-term bearish on tech stocks; favors defensive assets. Key Takeaways Cracks are form

1. Executive Summary While many investors are worried that the market has run too far, too fast, Goldman Sachs is taking the opposite view. The investment bank recently reaffirmed its bullish outlook on U.S. equities, arguing that strong earnings growth, AI-driven productivity gains, and resilient economic conditions continue to support higher stock prices. Goldman believes the current rally remains fundamentally driven rather than purely speculative. 📌 Key Insight: The bull market is no longer being driven solely by optimism. Earnings are doing the heavy lifting. 2. Why Goldman Remains Bullish The biggest reason behind Goldman's confidence is corporate earnings. According to the bank, the median company reported earnings growth of approximately 14%, making it one of the strongest earnings

$S&P 500(.SPX)$ ROE hit a record high of 22%, but the capital expenditure boom of AI giants will systematically drag down the earnings quality of the seven major tech stocks in the coming years. Market Snapshot $SPDR S&P 500 ETF Trust(SPY)$ : 📈 Closed up 754.83 (+1.8%, previous close 741.75) [Data as of 06/16 05:05 EDT] | Pre-Market: $754.56 (-0.04%) $Invesco QQQ(QQQ)$ : 📈 Closed up 744.00 (+3.1%, previous close 721.34) [Data as of 06/16 05:05 EDT] | Pre-Market: $745.15 (+0.15%) $SPDR Dow Jones Industrial Average ETF Trust(DIA)$ : 📈 Closed up 518.44 (+1.0%, previous close 513.06) [Data as of 06/16 05:05 EDT] | Pre-M

[Key Takeaway] Top macro strategist Hong Hao on Tencent and China tech majors: Not bearish, even slightly bullish. But this isn't a blind "buy the dip" call. His more nuanced view: the current selloff isn't the "end of a mispricing" — it's a necessary phase in a valuation logic transition. 1. Stock Price Pressure ≠ Fundamental Deterioration Hong Hao makes it clear: "The stock price pressure is unrelated to company fundamentals." What does this mean? Tencent's earnings power and business model haven't been disproven. The market isn't worried about WeChat's monetization or the gaming license pipeline. The selloff is driven by sentiment, narrative shifts, and capital flows — indiscriminate selling as global allocators rebalance portfolios and market themes rotate. 2. "Buy Good Companies When

Tiger Research Team maintains a BUY rating and an unchanged $35.00 Price Target on JD.com after cutting 2Q26E revenue by 7% to reflect a sharp April deterioration in big-ticket retail momentum. The single most important strategic takeaway: while electronics and home appliance demand is cracking faster than expected, Tiger Research Team is holding the margin floor steady by cutting variable costs proportionally, suggesting the investment case shifts from top-line acceleration to margin resilience in a soft macro. 📊 Section 1 — Lead / Setup Tiger Research Team maintains a BUY rating and an unchanged $35.00 Price Target on $$JD.com(JD)$$ following a model update that cuts 2Q26E revenue by 7% after April China retail data showed a clear

Tiger Research Team maintains a BUY rating and $30.00 Price Target on $Bilibili Inc.(BILI)$ after 1Q26 delivered in-line headline revenue with significantly better quality underneath. The single most important strategic takeaway: advertising growth accelerated to 30% y/y while AI-driven creator tools and recommendation efficiency began showing measurable traction, reinforcing the platform's monetization flywheel. With gross margin expanding for the 15th consecutive quarter and a deepening 2H game pipeline adding optionality, the risk-reward remains asymmetrically positive despite near-term mobile game headwinds. 📊 Section 1 — Lead / Setup Tiger Research Team maintains a BUY rating and an unchanged $30.00 Price Target on

$NVIDIA(NVDA)$ (GS Buy, Target Price $250 (New), Rating Maintained) This is a pre-earnings preview note. GS reiterates its Buy stance ahead of the earnings release. Current reference price: $207.83; target price: $250; implied upside: 20.3%. GS expects this quarter to be a "beat-and-raise" quarter, but believes the bar for the stock to outperform the broader market is quite high. Market expectations have already been significantly lifted by positive supply-chain data from $Taiwan Semiconductor Manufacturing(TSM)$ and $SK Hynix, Inc.(HXSCL)$ , as well as upward revisions to CapEx by hyperscale cloud providers. Two key signals in this report deserve close attention

$Astera Labs, Inc.(ALAB)$ A reported 1Q26 results on May 6, with revenue, gross margin, operating margin, and EPS all beating consensus. The company guided 2Q26 revenue of $360M (+17% QoQ), significantly above consensus of $310M. JPMorgan raised its price target to $280 (from $205) and reiterated Overweight, signaling that the AI high-speed interconnect sector has entered a new phase driven by product portfolio expansion. I. 📌 Consensus One: AI Infrastructure Remains the Core Engine View: The AI compute arms race shows no signs of deceleration; cloud and hyperscaler customers continue aggressive capacity build-out. Logic: 1Q26 revenue of $308.4M (+14% QoQ, +93% YoY) and 2Q26 guidance of $360M (+17% QoQ, +88% YoY) both significantly exceeded consen

Recently, two heavyweights on Wall Street have spoken out—legendary trader Paul Tudor Jones and JPMorgan Chase CEO Jamie Dimon. This is not alarmism or fear-mongering; it is an effort to lay out the most genuine vulnerabilities in the current market for the average investor to see. Is the US Stock Market Expensive? Look at This "Heart-Wrenching" Data A 50-year market veteran, Paul Tudor Jones, who lived through the 1987 crash, the 2000 dot‑com bubble and the 2008 financial crisis, has warned that while the S&P 500 is a strong long‑term investment, its century‑average includes P/E ratios of just 6%–8% ，one‑third of today’s level. He stresses valuations matter greatly, and the market is highly overvalued. U.S. stock market capitalization now stands at 252% of GDP, far exceeding levels be

Thesis: Fundstrat’s Tom Lee sees the $S&P 500(.SPX)$ hitting 7,700 in 2026 as a probable outcome, driven by three converging tailwinds that are already showing up in the data. The Three Pillars Pillar Evidence Market Implication Economy passed the war test Earnings estimates are rising despite geopolitical shocks Recession fears disproved; fundamental floor is stronger than feared Private credit healing $iShares Expanded Tech-Software Sector ETF(IGV)$ collapsed to 72, now recovered to 85 Credit crunch fears easing; liquidity improving for tech/risk assets AI productivity + Middle East resolution AI shifting from capex story to ROI reality; potential geopolitical de-escalation Risk premia compress → val

🎯 Core Takeaway: Stay Overweight Equities Middle East volatility is just "short-term noise." History shows: missing the rebound hurts more than being caught in the dip 💔 📉 Key Stat: Over 30 years, missing just the 10 best trading days could cut your annualized returns roughly in half. And those best days? They usually come right after major drops. Unless the global economy enters a sustained recession → "Stay invested" remains the best long-term strategy. 🏛️ Four Pillars at a Glance Pillar Current Status For SG Investors 🌍 Macro Strong US nominal growth; Europe weakening; China & EM resilient US remains the main battlefield; Asia EM is allocable 📈 Fundamentals Global earnings growth still at 18%; even if revised down, enough to support positive returns Q1 earnings season: US continues