Last night, the three major U.S. stock indexes closed higher...

Last night, the three major U.S. stock indexes closed higher, with the Dow Jones Industrial Average standing above 40,000 points, setting a new record high, Apple setting a new record closing high, and Trump Media Technology Group soaring more than 31%.

Yesterday morning, the risk aversion predicted by U.S. stock market observers did not appear. The market seemed to think that the volatility was over, and Art became the "chosen one" after the assassination, and he was sure to win.

Yesterday, Art chose JD Vance as his running mate. If the election is successful, Vance will be the future vice president of the United States. Vance is 39 years old, nearly 40 years younger than Trump, 78. This decision is crucial because in American history, one-third of U.S. presidents have served as vice presidents. In this case, Trump's decision actually designated Vance as his successor.

There have been some new changes in the market. Trump's rising odds have boosted oil producers, gun manufacturers and private prisons, and his support for cryptocurrencies has also boosted Bitcoin. Tesla's stock price rose after Musk publicly supported Trump, while the solar photovoltaic industry, which is more favored by the Democratic Party, fell.

The Russell 2000 index rose 2% last night. Goldman Sachs said that Trump's election could lead to outperformance of small-cap stocks, citing the strong performance of these stocks after Trump's victory in 2016.

Market news said that TSMC is preparing to start producing Nvidia's latest Blackwell platform architecture graphics processors (GPUs) in the near future. In response to strong customer demand, Nvidia has increased its wafer production to TSMC by 25%, which not only means that the AI ​​market is unprecedented, but also adds strong momentum to TSMC's performance in the second half of the year.

However, people's joys and sorrows are not the same. Yesterday, Chinese stocks fell sharply, and the Nasdaq China Golden Dragon Index fell 3.64%. I believe everyone knows the reason. That is, after the economic data was released on Monday, foreign capital rekindled its doubts about China's economic recovery.