What is the underlying logic behind this round of the US stock market rally?

The underlying logic of this macro bull market is the revaluation of global major assets after U.S. Treasury bonds hit new highs.

With the U.S.-China relationship improving, geopolitical risks easing, U.S. inflation expectations turning positive, and the AI tech revolution continuing to surge, the grand narrative of U.S. stocks is not overheating but just right for institutions to start entering the market.

This rebound in U.S. stocks began in early April with Trump's tariff delay, when retail investors worldwide united to buy U.S. stocks, pushing the indices up. Many high-profile small-cap tech stocks flourished.

Among fundamentally sound small companies, SEZL surged eightfold, while RKLB and ASTS, benefiting from the potential of the space economy, also multiplied in value.

Capital has also frenziedly speculated on nuclear power, quantum computing, and recent drone concept stocks.

The market's most frenetic trends remain two themes: semiconductors and Bitcoin concept stocks.

Semiconductors, fueled by TSMC's earnings report confirming the AI tech boom, continue to surge, though some internal corrections have begun, but overall, the trend remains healthy.

Bitcoin concept stocks, from stablecoins to Ethereum, see small companies endlessly announcing Ethereum accumulation, mimicking MSTR's 'perpetual motion' model.

The core logic here is unclear to most, leading to high volatility unsuitable for average investors. Only institutionally recognized stocks like COIN and HOOD are safer; others under $1B market cap are mostly retail speculation.

If unfamiliar with crypto, focus on leaders. Otherwise, prioritize AI and its industry leaders for higher success rates.

2025 will be volatile, digesting the past two years' gains. Discipline is key—strict position management is advised. Join our community for structured guidance.