Waited in vain until 1:30! Powell's remarks sent U.S. stocks plummeting to the abyss, with the Nasdaq 100 plunging 3.04%.

$NASDAQ-100(.NDX.US) Last night I stayed up until 1:30 am, just to see if Powell had the speech I was hoping for. Good, he didn't! He still insists that the overall performance of the U.S. stock market is sluggish, with major indices generally declining. The Nasdaq 100 fell by 3.04%, the S&P 500 dropped 2.24%, and the Dow Jones Industrial Average declined 1.73%. The Philadelphia Semiconductor Index, representing the chip sector, and the TAMAMA Index, concentrated with tech giants, both plummeted over 4%, leading the decline in U.S. stocks. As for the 'Magnificent 7,' needless to say, they all fell together.

Yesterday, Nvidia and AMD already saw significant drops of 6%-7% in after-hours trading due to U.S. chip export restrictions, and this decline was realized during last night's trading session. Taking Nvidia as an example, it opened over 6% lower yesterday, continued to decline throughout the session, with the lowest drop exceeding 10%. Although it rebounded slightly towards the close, it still ended nearly 7% lower. The further decline during the session was mainly due to the bearish remarks made by Fed Chair Powell last night. His key points included: first, reiterating no rush to cut rates, needing clear signals of sustained inflation decline and an orderly cooling labor market; second, pointing out that tariff issues exceed market and Fed expectations, with their impact on inflation hard to underestimate; third, explicitly stating that even if U.S. stocks crash, the Fed won't resort to emergency rate cuts to rescue the market due to tariff disruptions, provided the overall market remains orderly.

Recently, U.S. stocks have been oscillating at low levels, mainly because the market lacks confidence in Trump's erratic tariff policies, prompting large funds to exit for safer havens like bonds.Currently, you can gradually accumulate at low levels, but you'll likely need to hold for at least half a year. Key levels to watch include: SOXL to 8.5, AMD to 80, Nvidia to 95, Tesla to 220, Google to 150, Disney to 80, etc. By building positions in batches to reduce costs, the market environment is expected to improve in the second half of the year.As for short-term trading, just stay away and stick to day trading!

$Tesla(TSLA.US)$NVIDIA(NVDA.US) $NASDAQ-100(.NDX.US)