August 25 US stock market recap, Trump firing turmoil, uncertainty rises again!

[Yesterday]

Three Major Indices: Fluctuated sideways before declining. Tech stocks briefly turned positive during the session but closed negative at the end.

Position-wise, the market fluctuated sideways before declining.

U.S.-India Tariffs: The U.S. Department of Homeland Security issued a notice proposing a 50% tariff on Indian goods starting at 00:00 on August 27. The notice stated that the tariff would apply to "all Indian goods imported for consumption or withdrawn from warehouses for consumption."

Fed Dismissal: On August 25, U.S. President Trump publicly released a letter to Federal Reserve Governor Lisa Cook on his social media platform "Truth Social." The letter explicitly stated, "Pursuant to the powers vested in me by Article II of the U.S. Constitution and the amended Federal Reserve Act of 1913, I hereby remove Cook from her position on the Federal Reserve Board effective immediately."

There is still room for negotiation as the executive order is being signed, and the matter may escalate to the Supreme Court.

Drug Prices: On Monday, Trump claimed he would cut U.S. drug prices by up to 1400% to 1500%, emphasizing that "we will get serious about drug costs."

Healthcare sector impact.

U.S. Equity Holdings: Trump (discussing his views on U.S. corporate equity holdings) stated he would strive to maximize returns. He hopes for more cases like Intel, with other deals to follow.

Previous three targets: TSMC, Micron, Samsung. TSMC executives firmly stated they would abandon subsidies if the government insisted on such terms, given their proximity to China. More likely targets are companies with weaker operations that still support U.S. manufacturing, such as Infinera, GlobalFoundries, Microchip Technology, and U.S. energy/mining companies like Albemarle and BHP.

[Today]

Futures: Slightly declined while fluctuating sideways. Gold surged today.

Tonight's U.S. Stocks: Mainly sideways consolidation with caution; watch for pullback risks.

U.S. stocks face pullback risks after rallying. Trump's unprecedented dismissal of the Fed official at this timing is disruptive. Just as the market digested Fed rate cut expectations, the Fed's independence is now under threat, shifting focus from rate cuts to credibility risks. Combined with data disclosure risks, the S&P and futures have not hit new highs, reflecting market caution.

[Earnings]

Tuesday, KE Holdings$KE(BEKE.US) , OKTA$Okta(OKTA.US) 

[Stocks]

NVIDIA$NVIDIA(NVDA.US) :

Jetson AGX Thor: A developer kit and mass-production module designed for robotics applications, now fully available globally, including China, starting at $3,499.

DRIVE AGX Thor: A developer kit for autonomous vehicles based on DriveOS 7, open for pre-orders with shipments expected in September.

Waiting for earnings at high levels; upward momentum faces pressure, but shorting is risky. Consider other targets for shorting..

Eli Lilly$Eli Lilly(LLY.US) : Announced second-phase obesity trial results for Orforglipron, showing 9.6% weight loss in obese and diabetic patients. Plans to seek approval for the weight-loss drug in 2025.

Latest progress on oral formulations; monitor overall pharma stock digestion amid declining drug prices.

Lao Feng Xiang Gold$LAOPU GOLD(06181.HK) :Support appears solid; recent uncertainty may drive a rebound, potentially boosted by gold's upward trend.

Alibaba$BABA-WR(89988.HK) :After stabilizing at 115, Alibaba has been fluctuating below 125. Several sudden rallies lacked follow-through, leaving the technical trend unclear. However, retail and cloud sectors show positive trends, making low-entry opportunities viable.