Economic Indicators - In July, the U.S. added 73,000 non-farm jobs, which is 10,400 lower than expected and represents the largest downward revision since June 2020, with a total downward adjustment of 258,000 for the previous two months [1] - The unemployment rate rose to 4.248%, higher than the expected 4.2% and the previous value of 4.117%, marking the highest level since November 2021 [1] - Following this news, expectations for a Federal Reserve interest rate cut in September have significantly increased [1] Market Performance - As of August 5, 2025, the NASDAQ ETF Jiashi (159501) rose by 1.56%, with a latest price of 1.57 yuan, and has accumulated a 16.04% increase over the past three months [1][4] - The NASDAQ ETF Jiashi recorded a turnover rate of 1.27% with a transaction volume of 88.4233 million yuan [4] - The fund's latest scale reached 6.774 billion yuan, with a net inflow of 57.5756 million yuan over the past four days, including a single-day peak inflow of 33.903 million yuan [4] Fund Performance - The NASDAQ ETF Jiashi has seen a net value increase of 20.42% over the past year as of August 1, 2025 [4] - The fund's highest monthly return since inception was 9.67%, with the longest consecutive monthly increase lasting six months and a maximum increase of 9.50% [4] Market Outlook - According to Founder Securities, there is a long-term optimistic outlook on U.S. stocks, emphasizing that the "profit-driven + macro-driven" characteristics have not fundamentally changed, suggesting that buying on dips remains a favorable strategy [4] - The firm believes that the "profit-driven" characteristic has not been impacted, as U.S. stock returns are primarily driven by profit growth, and the current AI boom and resilience of the U.S. economy support a relatively strong outlook for future U.S. stock earnings [4]