The $NASDAQ(.IXIC)$ is up over 1% today, led by $ASML Holding NV(ASML)$ earnings beat, with bookings of €5.4 billion versus €4.9 billion expected. This rare upside after several misses lifted chip stocks, though sentiment feels fragile given ongoing political uncertainty.

Trump’s unpredictable statements continue to swing the market. Trade threats, then hints of easing tensions, make it hard to stay comfortable on either side. High-fliers like $Advanced Micro Devices(AMD)$ $Broadcom(AVGO)$ $Oracle(ORCL)$ may be losing momentum, and selling calls on these surging names could now be a smarter trade.

Powell’s dovish signals offer some relief. A cooling labor market and a pause in quantitative tightening support liquidity, with markets pricing a near-certain rate cut in October. For me, the question is which narrative prevails — Trump’s tariffs or Fed liquidity — and I’m staying nimble as earnings season unfolds.

@Tiger_comments @TigerStars

# 25bps Rate Cut! Will Market Fresh New Highs Ahead of China–US Summit?

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