Big-Tech’s PerformanceDeepSeek - Trump tariffs - tech company earnings reports, this is the main theme of trading in the U.S. stock market in the past few weeks.Market volatility has been significantly elevated so far this year, with macro-level concerns about the Fed's "rate cuts" and the strong dollar under the Trump tariffs.U.S. bond yields were unsurprisingly pulled back, even before the Fed's rate meeting, as the impact of DeepSeek unexpectedly triggered a safe-haven pullback early;Trump's tariffs are not new, in the 1.0 period, the market although mind, but more understand its significance more in the negotiation (Bargain), so also with easy to be digested;Rather, it's the earnings reports of big tech companies that have a greater guiding influence on the market.Technology companies,

Big-Tech’s PerformanceTrump's inauguration this week captured the world's attention and entered the 2.0 era, with a considerable number of policy announcements made as soon as he took office, but so far there has been no major surprises in relation to his previous announcements, and the market has come to expect them.In addition to the obvious changes to sectors such as immigration, energy, and digital currencies, there was also a call for the Federal Reserve to "lower interest rates" (although this is unlikely to be successful, as the Fed is an independent private institution).But the point is, through the president's influence shouting, will be a certain degree of distortion of the market on the current expectations of rate cuts, and even some members of the Federal Reserve will also hav

Big-Tech’s PerformanceU.S. stocks were closed this Thursday, and it was an unplanned one at that, so the trading day was a little shorter, and even somewhat impacted the pricing of important options.The most important macro data is the December nonfarm payrolls released on Friday, which may have more impact than the FOMC meeting that follows as the Fed is much more concerned about the job market than inflation.However, the current market consensus is that the probability of a rate cut this month is essentially zero.As a result the dollar is very strong and the US bond curve continues to STEEPEN.Valuations of US stocks are also currently at historically high levels, and increased market uncertainty in 2025 is bound to bring greater volatility. trump's policies could be a significant source