To The Moon

China’s equity markets have been heating up. On August 22, the Shanghai Composite Index briefly broke above 3,800, reaching its highest closing level since 2015. On the same day, the total market capitalization of A-shares surpassed RMB 100 trillion for the first time, fueled by record margin financing and strong investor inflows. Turnover surged to nearly RMB 2.8 trillion, underscoring renewed enthusiasm across both institutional and retail investors.Against this backdrop, many investors are asking the same question: How should I gain exposure to China? Should I chase hot themes, or stick to a diversified approach? For most, the practical answer is not to pick individual stocks, but to use Exchange-Traded Funds (ETFs)—a tool that allows broad exposure while managing risk.This note outline

$iShares Russell 2000 ETF(IWM)$ Small-cap stocks are finally back in the conversation. After years of lagging the mega-cap giants that have dominated headlines, the Russell 2000 has started to build momentum. The iShares Russell 2000 ETF (IWM), which tracks this segment of the market, has now posted five consecutive months of gains. Investors are beginning to ask whether this represents the early stages of a rotation into small-cap equities — or just another temporary rally within a broader downtrend. One of the strongest arguments in favor of small-caps is the Federal Reserve’s recent pivot to rate cuts. History shows that when interest rates fall, smaller companies with greater debt sensitivity tend to benefit disproportionately. And with valuati

Last night on the U.S. stock market, a dark horse emerged in the lithium mining sector—$Lithium Americas Corp.(LAC)$ surged a staggering 87.9% in after-hours trading. One might think they'd discovered alien batteries.Upon closer inspection, it turns out the Trump administration plans to get directly involved by investing up to 10% equity in LAC while renegotiating the $2.3 billion Department of Energy loan. This move is essentially the "national team diving into mining operations," instantly driving market expectations to the ceiling.This story is quite dramatic: The $3 billion Thacker Pass lithium project was originally approved during Trump's first term, and the Biden administration just finalized the Department of Energy loan last year. Now Trump's

$Micron Technology (MU)$ capped off fiscal year 2025 with a comprehensive beat of expectations in its quarterly results. Not only did revenue, EPS, but also delivered record-breaking guidance for the next quarter, underscoring its dominant position and exceptional execution in the AI memory sector.The explosive growth in this quarter's performance was primarily driven by surging demand for high-bandwidth memory (HBM) in AI servers, a broad-based rebound in memory chip prices, and optimized product mix. Notably, HBM business revenue approached $2 billion in a single quarter, emerging as the standout highlight. However, underlying concerns persist regarding potential cash flow pressures stemming from the company's significantly increased capital expendit