mifsee

Chairman Powell's hint of a rate cut boosted the overall market, with funds concentrated in interest rate sensitive solar, such as ENPH, and uranium and rare earths, mainly UEC and UUUU. The combination of supply-side news also brought a clear focus on themes.

A day of macro wait-and-see but solid policy and contract news, such as U.S. Treasury tax credit guidance and defense orders, boosted stock prices. Funds were concentrated in clean energy and defense tech.

UNH's surge led the Dow and spilled over into insurance stocks. FSLR bought on Sunrun earnings, NU/ZETA continued to buy beats and raises, and LYFT restored supply/demand on improved governance, including a single voting unit.

PPI rises and interest rates rise, but indexes are still small. DLO surged +31% on strong earnings, while small and mid-cap growth backed by real demand such as CRML and ONDS were widely speculated. The day was marked by a broad range of themes from fintech to advanced manufacturing to strategic minerals, with a sense of short-term overheating and expectations of medium-term trends coexisting.

Industrial AI and automation-related (CRNC, OUST), backed by earnings, took center stage due to a combination of lower interest rates and a weaker dollar. Space (MNTS) and materials/biotech (DNA, AREC) are also attracting short-term funds, and the cyclical tone across themes is strengthening.

CPI was in line with expectations, interest rates were stable, and the S&P 500 and NASDAQ hit all-time highs at the same time. Sea, Life360, Jumia, and Ondas were the main players on the earnings beat; CATL reports continued yesterday, and lithium-associated highs spilled over into materials.

U.S. stocks slightly lower on the eve of CPI, but supply/demand concerns spike on news of lithium mine shutdown by China's CATL. Semiconductors and resource stocks led the rally.

On August 7, 2025, the NASDAQ hit a new high on Apple's investment report, while the S&P 500 was slightly lower. The yield on the 10-year U.S. Treasury note rose to 4.34% and the dollar remained strong, while oil fell to the $63 level and gold weakened. The selective risk-on trend continued, with money going into high-tech stocks and Japanese and European business-sensitive stocks, despite high interest rates and a strong dollar.

On August 7, 2025, the NASDAQ hit a new high on Apple's investment report, while the S&P 500 was slightly lower. The yield on the 10-year U.S. Treasury note rose to 4.34% and the dollar remained strong, while oil fell to the $63 level and gold weakened. The selective risk-on trend continued, with money going into high-tech stocks and Japanese and European business-sensitive stocks, despite high interest rates and a strong dollar.

On August 5, 2025, U.S. stocks were slightly lower due to stagnation in the U.S. service sector and tariff concerns. The dollar strengthens and the US long-term interest rate advances to the 4.21 TP3T level, while oil continues to fall to the $66/bbl level. European and Asian stocks are steady and selective risk-on continues.