Group 1: Federal Reserve and Economic Outlook - The Federal Reserve has maintained interest rates for the third consecutive time, with Chairman Powell emphasizing the uncertainty surrounding trade policies and their economic impact [1][2] - Powell mentioned that the potential for increased tariffs could lead to rising inflation, slower economic growth, and higher unemployment rates [1] - Economic indicators show mixed results, with signs of a mild recession emerging, as both manufacturing and services PMI indices are declining [10][11] Group 2: Technology Sector Performance - Despite macroeconomic volatility, major tech companies have shown structural strengths, with six out of the "Seven Giants" exceeding earnings expectations by an average of 16% [2] - Companies like Google and Microsoft reaffirmed their AI spending plans, while Amazon reported a three-digit year-on-year revenue growth in its AI business [2] Group 3: Trade Agreements and Market Reactions - The recent trade agreement between the UK and the US is seen as a positive development, marking the first new trade deal announced by the US [5][6] - The market is expected to respond favorably to such agreements, although significant challenges remain with other key countries [6] Group 4: Investment Trends and Asset Classes - Investors are advised to focus on various asset classes, including bond yields, dollar trends, and gold prices, as these will influence market dynamics [14] - The dollar index is stabilizing around the 100 mark, with expectations of continued fluctuations in the coming months [16]