【Tan Sir on Stocks 25.8.15】U.S. stocks continue to hit new highs, and the global stock market sentiment is also positive?

U.S. stocks have been very strong, and this week's CPI and PPI data have caused temporary market volatility. $S&P 500 Index(.SPX.US)$ $Nasdaq Composite Index(.IXIC.US)$ The latest data interpretation indicates that overall U.S. inflation is under control, but due to robust economic performance, inflationary pressures still exist. However, this does not eliminate the possibility of a rate cut in September, although a 50-basis-point reduction is unlikely. With no signs of economic recession and room for rate cuts, U.S. stocks are in a more favorable position.

In the short term, the market continues to focus on the AI investment theme, with the semiconductor sector remaining strong. These sectors are likely to continue challenging historical highs, and $NVIDIA(NVDA.US)$ $Taiwan Semiconductor(TSM.US)$ $Broadcom(AVGO.US)$ these sectors are likely to continue challenging historical highs, and $Advanced Micro Devices(AMD.US)$ and $Intel(INTC.US)$ There are signs of a pullback. In the Technology sector, $Meta Platforms(META.US)$ $Microsoft(MSFT.US)$ $Alphabet-C(GOOG.US)$ $Amazon(AMZN.US)$ the outlook remains Bullish after the earnings reports. $Apple(AAPL.US)$ and $Tesla(TSLA.US)$ The short-term trend is strong, but it leans towards thematic speculation.

For the Hong Kong market, due to its higher sensitivity to interest rates and being in the peak period of earnings releases, $Hang Seng Index(800000.HK)$ $Hang Seng TECH Index(800700.HK)$ Overall performance remains volatile. However, as long as the index maintains an upward trend, there is no need for excessive concern.

Individual stocks show significant disparities in performance. $TENCENT(00700.HK)$ After the earnings report, the stock retreated from 600 yuan, but overall, it remains strong and has the potential to continue being bullish, with the possibility of reaching new multi-year highs. $KUAISHOU-W(01024.HK)$ After a sharp decline, there are signs of stabilization, and the overall performance is not bad. The weak sectors, particularly those affected by internal competition, such as the medical sector, have not shown any improvement. $JD-SW(09618.HK)$ Stock prices have come under pressure after the earnings report, and the cars sector has also remained weak. However, it is worth noting that there are still many strong sectors in the Hong Kong stock market, such as the recently robust insurance sector (for example

$CPIC(02601.HK)$  $CHINA LIFE(02628.HK)$  $NCI(01336.HK)$  $PING AN(02318.HK)$   $PICC GROUP(01339.HK)$or AI Medical-related stocks, such as $JD HEALTH(06618.HK)$  $ALI HEALTH(00241.HK)$ $XTALPI(02228.HK)$There are also many individual stocks that have maintained strong performance after their earnings, such as $LK TECH(00558.HK)$ $FIT HON TENG(06088.HK)$ $CSTONE PHARMA-B(02616.HK)$ $KB LAMINATES(01888.HK)$ The commonality is that they were already strong before the earnings. Therefore, the most important thing is to follow the trend and use technical analysis for positioning. Earnings are mainly used to determine whether the company has reached a turning point.