This year's US economic growth may even see double-digit growth...

KevinChenNYC
06-04 12:14

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, and communications companies have seen their stock prices increase tenfold in a year, with SpaceX poised to create a market capitalization of $2 trillion.

In the quantum computing field, Wuhan recently invested $2 billion in nine listed companies in the quantum industry, causing their stock prices to immediately surge, and a new quantum computing IPO is imminent.

This wave of activity will inject at least $5-10 trillion in wealth and purchasing power into the US economy. This year's US economic growth is not a problem, and it may even see double-digit growth... [Surprised]

May Recap: Nasdaq New Highs, Will Global Frenzy Carry into June?
US stocks climbed steadily through May and closed the month at fresh record highs. $S&P 500(.SPX)$ finished +5.15%, closing at 7,580 (intraday high 7,599); $NASDAQ(.IXIC)$finished +8.36%, closing at 26,972 (high 27,095); and $NASDAQ 100(NDX)$crossed 30,000 for the first time, closing at 30,333. AI/tech led again. Did you beat the index in May? A healthy bull, or a few leaders propping up a hollow top? Which direction do you favor for June?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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