大美丽法案通过&马斯克和懂王再次开战，这都意味着什么？

Economic Data and International Negotiations - The performance of the US stock market, particularly the Nasdaq, is closely tied to the US economy, which is currently in a relatively good state. Recent negotiations with multiple countries, especially the resolution of the digital tax dispute with Canada, have yielded positive outcomes [3] - Despite the PCE inflation rising to 2.7%, economic data continues to exceed expectations, with strong consumer confidence and ISM PMI indicators. Federal Reserve Chairman Jerome Powell indicated that if not for tariff factors, the Fed might continue to lower interest rates, but uncertainty remains regarding potential rate cuts in July [4] Debt and Fiscal Policy Concerns - The conflict between Elon Musk and former President Trump highlights concerns over the US debt issue. Musk emphasizes the dangers of operating with high debt levels, while Trump supports increased fiscal spending through initiatives like the "Beautiful Bill." This ongoing debate reflects the political and fiscal policy challenges surrounding US debt growth [6] Global Asset Allocation Strategy - The importance of global asset allocation is emphasized, advocating for diversification beyond just US dollar or RMB assets to effectively hedge risks. The Nasdaq's strong performance, with a high price-to-earnings ratio of 37 (67th percentile), has provided substantial returns, but caution is advised due to its relatively high valuation [7] Future Outlook for Nasdaq - Although the Nasdaq's valuation is currently at a mid-high level, there is potential for valuation correction as earnings grow, particularly with advancements in AI, autonomous driving, and robotics. While the bull market is not over, short-term volatility is expected, necessitating a cautious investment approach [8] Summary - Overall, the Nasdaq remains part of a bull market, with the potential for continued growth driven by strong economic data and innovations in technology. However, investors should maintain flexible positions and avoid over-reliance on any single asset, while keeping an eye on the implications of US debt and deficit issues for global economic stability [9]