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Personally, I think tariffs are not at all about bringing manufacturing back. The Americans know full well the level of their own workers. It's all about disrupting the market economy, increasing conflicts between nations, and provoking wars where vulnerabilities are found to divert economic tensions.

Last night's U.S. stock market experienced an epic surge, skyrocketing within minutes before pulling back. Currently, the broader market is in its second deep decline, but this one is different from all previous drops—it's a vertical plunge without any hesitation. Last night, there were rumors about tariff delays, followed by fake news, and even talks of imposing an additional 50% tariff on China. Right now, everyone must be wondering how the tariff situation will unfold. Shelly will break it down for you step by step. To understand today's market movement, we need to start from last week. Last Thursday and Friday, over two days...

The slight "pullback" yesterday was just a breather on the way down for U.S. stocks, and there's more decline to come. The market's knee-jerk reaction to tariffs is very strong. Back in September 2008 when Lehman Brothers collapsed, everyone thought it was just another ordinary economic recession, but the market's stampede instantly turned this recession into a global financial crisis. Even after Lehman Brothers went down, the crisis continued to spread and ripple. The problem now is that the market is facing far greater uncertainty from Trump's team than back then, making it extremely difficult to handle so many unknowns and variables...

The market went completely crazy today. The indiscriminate sell-off in the morning session was purely emotional panic selling—I've been trading for over a decade and have never seen such absurd price action. While everyone was fleeing, I went in with 50% of my position. It's not that I'm reckless, but this irrational sell-off simply doesn't hold water. International capital is voting with real money, and barring any surprises, we'll likely see a gap up tomorrow. The Shanghai Composite Index has a chance to recover half of today's losses and reclaim the annual moving average level. At this point, further downside would be like handing out free money. If the market keeps plunging, I'll increase my position to over 70%. The risk of staying bearish now is quite high—the policy bottom is clearly in place...

During yesterday's trading session, the Nasdaq was lifted by Tesla. $NASDAQ Composite Index(.IXIC.US) $Tesla(TSLA.US)

As a veteran who has been struggling in the market for more than ten years, I must honestly tell you that the U.S. stock market is now at a critical crossroads. As of March 30, the S&P 500 has fallen 7.3% from its February high, and the Nasdaq has plummeted 12%. This is not just a technical correction, but also a sign of a fundamental change in the market logic. Let me take you through the three real contradictions that are tearing apart the current market perception. First, look at artificial intelligence, the former savior. In 2024, generative AI contributed two-thirds of the returns to the S&P 500...

Tonight's outlook: If the opening price is below 264 and fails to break through 264 during the session, there's a possibility of hitting the 240 support level this week. Day traders can cautiously go long below 240. As of now, Tesla's after-hours trading has already dropped 0.8%, so this scenario seems more likely. This week: If the weekly resistance line at 280 isn't breached, it's not advisable to trade this entire week. If the price does hit 240 this week, next week might test around 215...

Go long. If the price closes above the previous high of 280 on any day this week, consider going long to around 330. (Previous support) Go short. If the price closes below the previous low of 218 on any day this week, it may drop to around 210. (Bottom from late October last year) For day trading, consider going long at 250.2 and shorting at 279.5...

Musk is playing a brutal balancing act. Let's break it down. First layer: it directly targets control of Tesla. When Elon pledged Tesla shares to acquire X, he was essentially playing with leverage. If Tesla's stock price really falls below $120, Wall Street short sellers won't hold back. Handing Twitter over to his own xAI is like cutting the fuse of a pledged bomb - shifting assets from left hand to right hand both fills the bank's gap and secures Elon's throne in Tesla's boardroom. Any astute observer can see this reflects Elon's lack of confidence in TSLA's stock price - if the share price was truly strong, why bother with such maneuvers? Now let's examine the second layer of this open scheme...

My reasons for being bearish on Tesla are multifaceted, and I can list them one by one for reasonable people. Let me count them off. (Please see the end) Reason one: The current decline is just the post-election bubble. The current price is still much higher than before the election. Before the election last year, Tesla's global sales were normal. But now, since Elon Musk got involved in politics, how have global sales performed? So, the real decline hasn't even started yet. Reason two: The current P/E ratio is over 130x, far higher than quality companies like Apple and NVIDIA, which are around 30x. These quality companies basically have monopolistic products...

Recently, all the limelight has been stolen by TSLA$Tesla(TSLA.US), while NVIDIA$NVIDIA(NVDA.US) took the opportunity to drop freely when no one was paying attention, officially entering a downward trend. Yesterday, Alibaba's CEO Joseph Tsai expressed shock at the massive capital expenditures on AI by major U.S. tech companies, stating there are bubbles and excess demand. Meanwhile, several analysts at Goldman Sachs lowered their expectations for AI servers, saying that although computing power training is a long-term logic, short-term product transitions and unclear supply-demand dynamics will result in computing power shipments falling below the originally high expectations...

The rebound in the U.S. stock market still has momentum, but we need to watch out for the tariff risk on April 2nd. TLT bond funds dropped a full percentage point the other day, clearly showing risk-averse capital starting to pull out. Right now, everyone is so focused on tariffs potentially crippling the economy that they're selectively ignoring stagflation. Trump said tariffs would be dialed back a bit, which could suppress recession expectations—inflation expectations should cool down too. But with commodities surging so aggressively, there's a bit of a contradiction here. Simply put, the market's predictions for inflation and recession are completely misaligned—overfitting the impact of inflation while underfitting the risk of economic downturn...

Five consecutive days of gains have perfectly offset the floating losses of the previous two weeks. Last night still saw a breakout with increased volume, but the upward momentum slowed compared to previous days (exactly as King analyzed in his earlier article). Focus on the support level of 270 from last October, as the probability of a false breakout increases. Breaking through the 200-day moving average, the 5-day moving average crossing above the 10-day moving average forms a golden cross, indicating a relatively strong short-term upward trend. Since the beginning of the year, trapped positions have been cut significantly, and short squeezes have also been digested over the past few days, so short-term selling pressure is not as severe. This wave of Tesla's stock price rally is largely credited to Trump and retail investors...

As an old shareholder who has witnessed Xiaomi's several capital operations, when I saw the news that Xiaomi Group is seeking to raise $5.3 billion through a top-up placement, I seemed to see myself six years ago who was beaten by the market after the placement at HK$26. But this time, it's different. The top-up placement model means that Xiaomi first buys its own shares from major shareholders, then sells them to institutions at a discounted price of HK$53.7 $XIAOMI-W(01810.HK) $Xiaomi Corporation(XIACY.US), and then issues new shares to return to these major shareholders. The share capital increases, and the shares of old shareholders will be diluted...

I invest in Tesla because I stand with Elon Musk. If you sell Tesla now to break even, your life will be set in stone. First, you don't understand investing. Second, you don't understand that Elon Musk has many friends. Tesla was stuck, and I never had the heart to cut losses. It just started rising yesterday, and you sold it in a hurry as soon as it broke even. This way, you won't make money—letting losses run and cutting profits short is typical naive investor thinking. As the old saying goes, the most important thing in investing is to invest in 'people.' That's why I always say I invest in Elon Musk. Here's the reason: the news about robots entering mass production is very exciting. In this sector, even the sketchiest companies have skyrocketed...

Most people in the U.S. now believe that the impact of tariffs on inflation will only be short-term, and the gray rhino of inflation will continue to linger for a while longer. Unless the White House imposes additional tariffs, U.S. stocks are unlikely to revisit their lows from mid-March. The Nasdaq $NASDAQ Composite Index(.IXIC.US) reaching 20,000 points is not a big issue. NVIDIA $NVIDIA(NVDA.US) has solid fundamentals, so just slowly accumulate on dips, guys. Over in Hong Kong stocks, the trade war, combined with the depreciation of the yuan, has allowed tech stocks to successfully reap the benefits, but expectations have already been fully priced in...

On Friday night, the rebound in the U.S. gave many investors a sigh of relief, but the mud stuck to the soles of their shoes could still make them slip again. The Dow barely closed up 0.08%, the S&P 500 also rose slightly by 0.08%, and the Nasdaq gained 0.52%. The increase in trading volume reflects both bottom-fishing attempts and the exit of trapped positions. At its core, the current market dynamic is essentially a misalignment between short-term sentiment and long-term value. The roughly 10% pullback in the three major indices year-to-date has led to significant valuation adjustments for the "Magnificent Seven." However, this correction seems more like a recalibration of earlier excessive optimism...

Recently, many friends have been asking whether the U.S. stock market has bottomed out. To be honest, those who are somewhat sensitive to the market would indeed feel panic last week. Especially when seeing all kinds of news about global economic and stock market turmoil, it was really hard to control emotions. But upon calm reflection, the U.S. stock market has likely bottomed out at this stage. The reality behind the panic. Speaking of panic, especially last week, many people fantasized about a stock market crash, feeling like the market was about to plunge into an abyss. I was a bit worried myself at the time. However, analyzing the current reality...