If US stocks' earnings can't keep up, only sentiment remains...

Next, except for Dazi, every quarterly report will likely be a blowout!

Microsoft's earnings report today is already very impressive! 3% below expectations! (Expected cloud growth 40%, actual 37%). Institutions have ultra-high expectations for AI, which will be the main theme going forward!

Also, any slight disturbance triggers a sharp drop... Risks were already flagged earlier. Don't expect too much from value stocks in the short term—treat them as a safe haven and lay low for now...