Nvidia(US:NVDA) Zhi Tong Cai Jing·2025-07-10 12:46Group 1 - The recent optimism in the US stock market has diminished due to President Trump's new tariff announcements, causing investor unease [1] - The AAII survey indicates a decrease in bullish sentiment to 41.4% from 45%, while bearish sentiment has risen to 35.6% from 33.1% [1] - Trump's tariffs include an additional 10% on countries aligned with what he calls "anti-American policies" and a 50% tariff on imported copper [1] Group 2 - Despite the S&P 500 index reaching new historical highs, the number of stocks hitting new highs is limited, raising concerns about market concentration in a few large tech stocks [2] - Oppenheimer's analysis shows that the number of companies reaching new highs on the NYSE is only 88 more than those hitting new lows, indicating a narrow market breadth [2] - Historical data suggests that when the gap between new highs and new lows is less than 100, the subsequent 12-month returns for the S&P 500 tend to be below average [2]