Garrett Jin, known as the "1011 Insider Whale," has released his "Weekly Market Signal Strategy." According to Odaily, Jin highlights the current geopolitical and U.S. dollar stalemate, noting that tensions in the Strait of Hormuz remain unresolved following U.S. strikes on Iranian targets. Despite positive news from U.S. Secretary of State Rubio, the White House has rejected Iran's proposed peace agreement.
U.S. Treasury long-term yields continue to hover between 5.07% and 5.18%, marking a 19-year high, while the S&P 500 index briefly hit a new peak before quickly retreating. Jin believes that a single positive or negative factor is unlikely to shift the market significantly. Instead, a substantial market change would require at least two of the following factors to align: credit conditions, Federal Reserve policies, and geopolitical situations.
In the AI sector, capital expenditure is rapidly shifting from the U.S. to Asia. ByteDance plans to increase its capital spending to a maximum of $70 billion this year, with Tencent and Alibaba also ramping up investments. The competition in the AI field has escalated to a national level.