# 美股

First, the conclusion: this is not a "collapse imminent" report, but a report that "the old paradigm of returns has ended."
Ray Dalio is not talking about a crash, but about:
Holding the right assets ≠ holding high-yield assets
Nominal profit ≠ actual wealth accumulation
You’ve grasped the core.
1️⃣ #美元贬值 ：It’s not about market trends, but about systemic consequences (your interpretation is very accurate)
Ray Dalio’s original logic is:
US debt, deficits, welfare, military spending → can only be resolved through monetization
This is not a one-time QE, but a long-term, gentle, irreversible dilut

JPMorgan's 2026 US Stock Picks Unveiled: Crypto Completely Abandoned, AI's Seven Giants in the Shadows.
Seeing this list of 47 recommended US stocks,
The first thing I focus on every night is: who didn't make the list?
1. No crypto stocks at all
Coinbase, MicroStrategy, Bitmine, and miner stocks are all absent.
2. Only Google among the Tech Giants
Nvidia, Tesla, Meta, Apple, Microsoft, Amazon are all missing.
Now let's go back to the list,
What did they choose?
Take your time to look at the 47 stocks,
I've selected six US stock sectors worth paying attention to:
1. AI Infrastructure but avoidi

I want to complain. On the front foot, the small non-farm payroll gave me a slap in the face Unfavourable Information, and on the back foot, the small increase in weekly unemployment benefits Favourable Information,
Let's wait to see the employment data tomorrow. We can't see any today.
The initial claims for unemployment benefits for the current week recorded 227,000 people, which is lower than expected and the previous value. This data is the lowest since July 13th and belongs to the Favourable Information data.
I bought a bag last year! #美股 BTC

#美股 In a busy week where the Federal Reserve (FED) kept its stance unchanged and the Bank of England lowered interest rates by 25 basis points, the STOXX 600 index rose for the fourth consecutive week, up 0.2%. The US stock market continued to rise, driven by easing global trade tensions; the crypto world also experienced a strong rebound, providing relief to investors; #美联储 .

Interpretation of macroeconomic data on August 13: US July PPI monthly/annual rate,
First, look at the data:
US July PPI year-on-year, previous value 2.7% (revised from 2.6%), expected 2.3%, recorded 2.2%
U.S. July PPI m-o-m, prior 0.20%, expected 0.20%, recorded 0.10%
Conclusion:
This set of data is considered good data whether it is on an annual rate or a monthly rate. PPI, the Producer Price Index, is considered a leading indicator of CPI data. Currently, the PPI annual rate has dropped significantly to 2.2%, which is lower than expected and significantly lower than the previous value. The

Although we repeatedly do not believe that the performance of the US economic data is so strong, the "expectation management" master may have achieved the desired "soft landing" dream, but how long can this dream last?
Although we have many doubts about the quality of US economic data, as US investors or scholars, we have also raised many questions. However, beneath the economic data, the market's reaction seems to have already achieved a 'soft landing' dream.
And how long will this dream last? Whether it will break is not something we can currently anticipate.
Looking at the closing of the US