The recent US stock market $S&P 500(.SPX)$ $NASDAQ(.IXIC)$ $Dow Jones(.DJI)$ is truly an unprecedented wealth-creation phenomenon. Among the four major sectors, artificial intelligence has driven two trillion-dollar IPOs, along with a large number of super-performing stocks in the memory, chip, and software/hardware markets. Ordinary employees of these companies have seen their wealth increase by at least several million dollars in just a few months, with some even seeing their company stock increase by a million dollars in a single day. Executives have become billionaires due to their skyrocketing wealth. In the US aerospace sector, many satellite, rocket,

OpenAI is poised to become the highest-valued IPO in history. According to our latest research, OpenAI is about to go public and is expected to become the highest-valued AI company in its class—this "expensiveness" isn't reflected in its market capitalization, but rather in the price investors pay for every unit of the company's "business quality." The company's upcoming financial disclosures will test whether this high premium is well-deserved or merely a product of market hype. Anthropic, a leader in artificial intelligence, has already achieved profitability and its revenue is growing exponentially. In contrast, OpenAI continues to lose money under Sam Altman's leadership. The company is essentially a non-profit organization, founded by Musk to contribute to humanity, but Altman inexpli

The target price is a fixed $135 per share, valuing the company at approximately $1.77 trillion, and it plans to raise up to $75-80 billion, potentially making it the largest IPO in history. - Stock ticker: SPCX (Nasdaq) - Roadshow to begin soon - Pricing date: June 11 - Earliest trading day: June 12 No insider selling—proceeds will be used for Starlink expansion, launch infrastructure development, and AI computing. This is a momentous moment for space and technology!

America gov. bond market is becoming like Japan. More and more domestic holders of the debt. $Direxion Daily 20 Year Plus Treasury Bear 3x Shares(TMV)$ $iShares 20+ Year Treasury Bond ETF(TLT)$ Image

I attended the $BlackRock(BLK)$ Private Equity Summit today, which was quite rewarding. Blackstone's chief economist believes that the Fed's rate cuts will be less frequent and smaller than expected, and that inflation is likely to restart next year, with a new round of rate hikes beginning in October 25.The core of this year's US election is Sweep! To win big! Neither side wants to just win the White House, not a small win but a big win, and both sides are shouting to sweep the White House and Congress!Doing well on the fiscal front is critical. Neither Trump nor Harris has prioritized fiscal discipline, and the US federal deficit is likely to remain around $2.0 trillion per year for the next few years. Whether the deficit situation can be changed

The recent U.S. macroeconomic data is so strong that the Federal Reserve regrets cutting interest rates. [Cute]The latest retail sales data for September and the first two weeks of October show that, driven by solid employment growth, strong wage growth, and high stock and housing prices, U.S. consumers continue to perform well. #KaiFeng Fundamentals#The Atlanta Fed's GDP forecast for the third quarter is currently 3.4%, with the bottom line being that economic expansion continues.Why are the upcoming data so strong? Because the factors favorable to the economy are increasing:The Federal Reserve is dovish.High stock prices, high housing prices, and tight credit spreads.Open public and private financing markets.The CHIPS Act, IRA, Infrastructure Act, and defense spending continue to support

We expect Federal Reserve Chairman Powell to hint that upcoming data supports the FOMC to begin policy normalization as soon as possible, which almost solidifies the expectation of a rate cut in September. Although we believe Powell won't rule out the possibility of a 50 basis point rate cut in September, he might downplay concerns about the Fed being behind the curve or the U.S. economy deteriorating rapidly. Our base forecast remains a 25 basis point cut. We anticipate that by the end of the year, the Fed will have accumulated a 50 basis point rate cut. However, the risks to this view are becoming more one-sided, with more evident weakness in the labor market potentially challenging the Fed's employment mandate, necessitating further easing.🚶‍♂️ Step Back Before the Rate Cut: Following t

This year is the fastest time I have run in the "Invest in Yourself 5K" for more than ten years, and I finished the run in 30 minutes! It is also the year with the greatest gains in participating in the shareholders' meeting in more than ten years. $Berkshire Hathaway(BRK.A)$ $Berkshire Hathaway(BRK.B)$ 1. I met so many new and old friends. Our Omaha Value Investment Center/China-US Venture Capital Forum has been held for the ninth year. Professor Shi Yong [good], Tencent, Sina organized Chinese investors' cocktail reception, CFA Association, Value X BRK and other various cocktail receptions and dinners are all super great!2. Mr. Buffett is still vigorous. This year, we had a marathon-like exchange for