The United States has recently been active in the areas of制度, sanctions, and law enforcement, reflecting a repeated affirmation of its own power and capabilities. This logic often influences the overall market weight distribution—geopolitical risks, energy supply, military security, logistics systems—these areas' importance will be re-elevated.

In the short term, the market may not notice drastic fluctuations, but capital is the most敏感. You will find that quietly, money is flowing into industries that rely on government contracts.

The recent IPOs in the US stock market are quite interesting. Taking HII and KBR as examples—both companies are deeply integrated with the US government system, but their roles are completely different. One is a defense contractor, and the other provides engineering and logistics services. Looking at them together, it’s understandable why, in the context of geopolitical tensions, such companies attract capital attention. This is not gambling; it’s a form of voting with your feet.