Trump just said something very interesting:

The data is so good, the stock market shouldn't fall.
But this is the most contradictory part of the current U.S. stock market.
Good economic data indicates the U.S. hasn't entered a recession;
But the data is too good, and the market is worried about the end of rate cuts.
So on the surface, the stock market is falling,
But essentially, the market is re-pricing:
Is it trading on "strong economy,"
Or trading on "high interest rates"?
I increasingly feel that the true strength of the U.S. stock market is not just the companies being strong, but that behind it there is a whole system for maintaining asset prices.
The president hopes for growth,
Tech giants hope for growth,
Pension funds hope for growth,
Global capital also can't do without it.
But for ordinary investors, the most important thing is not to be emotionally triggered by a single statement, but to see clearly:
What does the rise depend on,
What are the fears of a decline,
Can their positions withstand the pressure?
The core of the U.S. stock market remains stable,
A-shares rebound with priority to reduce positions,
Cash continues to be reserved for real big opportunities.