Garrett Jin: The resonance of credit, Federal Reserve policies, and geopolitical situations is key to the market's turnaround

Garrett Jin pointed out in the Weekly Market Signal Strategy that the geopolitical situation and US dollar trend have reached a stalemate, with US Treasury long-term yields holding between 5.07%-5.18%, hitting a 19-year high. After briefly reaching a new high, the S&P 500 Index quickly retreated. He believes that for the market to truly shift, at least two factors—credit environment, Federal Reserve policy, and geopolitics—must resonate together. In addition, AI capital expenditure is shifting from the US to Asia; ByteDance plans to raise its capital spending to as high as 70 billion dollars, and Tencent and Alibaba are also increasing their investments.