U.S. stocks continue to rise steadily, showing signs of fatigue, already becoming a bow that hasn't been fully drawn.

Korean stocks keep hitting new highs, soaring and hitting circuit breakers, like frightened birds startled by a bowstring.
Japanese stocks keep surging wildly, crashing upward, probably indicating the overall trend has passed.
A-shares are retreating to pick up momentum, poised to explode, like a star on the rise.
Watching everyone turn into giants in the U.S. stock market, I feel envious. Just jotting down a few reflections for myself.
1⃣ People's natural pursuit of wealth opportunities will ultimately break all restrictions. If domestic opportunities are few, returns low, the market is opaque, and retail investors have poor experience, then funds, people, and assets will find ways to flow overseas. No matter how much you try to block, it’s unstoppable.
2⃣ Ordinary people don’t care about grand narratives—geopolitics, ideology, great power games—what they care about is where they can make money and where assets are relatively safe.
3⃣ The more restrictions, the more they stimulate “detour demand.” Not letting people go out, restricting cross-border activities, raising barriers, blocking channels—people will find ways to go out. When returns are poor, funds will naturally seek an exit.
4⃣ The Americans are aggressively boosting tech stocks, strengthening the semiconductor industry. In China’s A-shares, it’s just two words: “reducing holdings.” The Taoist law of Huawei turns out to be about digging into your bottom line.
5⃣ Embrace the main narrative. The storage sector that Brother Sun bet on has truly helped many achieve financial freedom this year. Next up is the physical AI track. Everyone should prepare their chips, be patient, and hold on.
Investing is a long-term journey that requires courage, patience, and understanding. Don’t underestimate yourself or be blindly confident. Take it slow, learn gradually. Fast wealth growth isn’t the most important thing; living longer is more important. It’s best to invest regularly or build positions during pullbacks aligned with the main narrative. That’s all.