Today, there are two important meetings happening globally.

One is our two major meetings, where a series of goals for this year will be announced; the other is Trump’s speech in Congress, detailing his plans for the future. Both meetings have stirred the hearts of global investors, and for now, all seems positive.

First, let's talk about the United States, which has begun to intervene in the market. Last night, U.S. Treasury Secretary convened several institutional leaders for a meeting, while also sending positive signals to the market, finally halting the decline of U.S. stocks.

However, the key point is that Trump’s speech today didn’t create any chaos. Although he discussed issues like tariffs, he didn’t make any clear announcements or raise them. The market breathed a sigh of relief.

Trump also specifically mentioned the chip bill, expressing his belief that it should be abolished. The chip bill was signed by Biden, which involves the U.S. government providing billions in subsidies to American chip companies for their development in the artificial intelligence field, on the condition that these companies cannot collaborate with Chinese firms.

Now, he wants to abolish it. Trump is currently both popular and focused, truly a hidden ally! However, he feels that if chip companies can make a profit, why should they receive subsidies? He doesn’t believe it would really help China.

This month, there are a few potential pitfalls in the U.S. stock market, one of the more significant ones being his speech today, which has now been addressed, but there is still the upcoming Federal Reserve meeting, and the key will be Powell’s stance in his remarks.