New Fed Chair Kevin Warsh made his first FOMC appearance this week, and his hawkish tone immediately poured cold water on markets, triggering a sharp repricing across global assets. The policy rate itself did not change. The Fed kept rates unchanged at 3.5%–3.75% for the fourth consecutive meeting, with a unanimous 12-0 vote

The group eventually became synonymous with the AI bull market. Apple sells devices and ecosystems. Meta monetizes attention. Amazon combines e-commerce and cloud. Microsoft dominates software and enterprise AI. NVIDIA sells compute. Tesla is a bet on EVs, robotics, and autonomy.

Today started differently. Stocks opened higher, with the S&P up about 0.2%, the Nasdaq Composite up 0.5%, and the Nasdaq 100 up 0.6%, before giving back some gains during the session

$易方達白酒(03189)$  

The 2026 World Cup kicks off — the biggest ever. 48 teams, 104 matches, co-hosted by the U.S., Canada and Mexico, running June 11 to July 19. It's also shaping up as one of the largest sports-betting events in history, with global wagers projected near $50 billion.

The hype has reached a fever pitch. More than $250 billion in subscription funds have reportedly been locked up, with retail investors alone contributing over $70 billion. Allocation rates are expected to be only 20–30%, while more than 1,000 institutions competed for shares and international allocations accounted for less than 10% of the deal. With a greenshoe stabilization mechanism in place, most investors expect a strong debut rather than an IPO break.

Sure no problem

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Jensen Huang is in Korea, and he’s been hyping stocks everywhere he goes: eating fried chicken with SK hynix executives, watching baseball, meeting esports players, and telling anyone who’ll listen, “business is booming” He also announced that SK hynix will become Nvidia’s primary memory supplier for AI data centers. One bullish headline after another.

$S&P 500(.SPX)$ at 8000 by year-end (about +6% from now), riding on earnings resilience with expected EPS growth of 24% 2026 is a big IPO year: US IPO fundraising is projected to hit a record $225 billion, far above the previous high of about $115 billion in 2021. But demand outweighs supply — corporate buybacks alone total $1.3 trillion, overwhelming the $1.1 trillion of issuance + lockup-expiry supply (though Goldman warns that supply-demand will tighten in 2027)

- AI revenue: $3.2B in 2025 → $322B in 2030, roughly 100x - Total revenue: $18.7B last year (+33% YoY) → $474B in 2030 - AI ramp: +388% YoY to $15.6B in 2026, $34.5B in 2027

$S&P 500(.SPX)$ at 8000 by year-end (about +6% from now), riding on earnings resilience with expected EPS growth of 24% 2026 is a big IPO year: US IPO fundraising is projected to hit a record $225 billion, far above the previous high of about $115 billion in 2021. But demand outweighs supply — corporate buybacks alone total $1.3 trillion, overwhelming the $1.1 trillion of issuance + lockup-expiry supply (though Goldman warns that supply-demand will tighten in 2027)

US stocks pulled back from record highs, and $Bitcoin(BTC.USD.CC)$ hit a new low, falling below $62,000 — its lowest level since February 6. Strategy sold off a massive holding of roughly $2.5 million in Bitcoin. "Bitcoin's price fell this week because Strategy broke its 'never sell' promise."

For years the semiconductor spotlight was on GPUs. But over the past six months, AI workloads have shifted from training to inference and agents (Agentic AI) — GPUs "compute," CPUs "manage": calling tools, routing sub-agents, tracking task completion. That's CPU work.

Its significance isn't "yet another AI PC," but rather: the x86 duopoly that Intel and AMD have maintained on Windows for decades has, for the first time, been stabbed head-on by an Arm-camp super chip. Looking down this chain, the positions of who benefits and who gets hurt are crystal clear.

Buying the "current highest-alpha node" of the AI industry chain. Core logic: compute demand from companies like Anthropic is growing 5x faster than storage, making storage the most certain bottleneck right now. Premium HBM capacity is monopolized by three companies — China cannot replicate this.

The S&P hit new highs but only 4% (21 names) made new highs alongside it. Meanwhile 222 stocks are down more than 20% from their highs, and 109 are down more than 40%. BofA's Bull & Bear Indicator spiked to 8.5, entering extreme-bullish territory and triggering a strong contrarian "sell" signal. Money is pouring into high-yield (HY) and emerging-market (EM) debt, with global equity breadth approaching overbought. The new highs are being carried by a handful of leaders.

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. $NVIDIA(NVDA)$ kept sliding after its earnings; Trump's China visit and policy moves sparked a policy-driven rally; and the looming Fed chair transition is set to weigh heavily on the months ahead.

$Vistra Energy Corp.(VST)$, $Constellation Energy Corp(CEG)$. Power gap is widening. At the end of the AI compute chain, there's just electricity demand. Long-term certainty is high. The window hasn't opened yet — but the direction is clear.

Apart from accompanying family and eating delicious food during the long holiday, the community has also prepared upcoming long weekend check-in recommendations and prize-winning interactions for you! Come and join the fun together