The market hasn't collapsed, and the scene hasn't scattered
Currently, it seems that funds have only partially flowed from the offensive sector of AI infrastructure (NV) to AI applications, while a larger portion has flowed to defensive sectors like healthcare and consumer goods
The overall U.S. stock market is in a high valuation range, and asset prices at such high levels are easily subject to significant adjustments and disturbances due to negative news
Since January 2023, the U.S. stock market has generally experienced a relatively stable continuous rise for two years
2025 will be a year of volatility for the tail-end market, so everyone should pay attention to position control and protection.
