Tomorrow's Monday again. The market has been constantly changing lately. The gold and silver non-ferrous metals sector, which surged at the end of last year, experienced a dramatic reversal last week. SaaS, once a hot commodity, has become one of the first direct victims of AI replacement, with liquidity squeezed to its last drop, dealing a severe blow to the market. In this upheaval, cryptocurrencies, represented by [stock codes omitted], have continued to underperform the broader market.
Several friends asked me last week if I would return to the cryptocurrency market. I answered no to all of them. I might buy some BTC if it's worthwhile, but for others, I'm glad I've moved to more interesting markets.
I remain bullish on the market outlook. The key is when market liquidity returns, and which sectors capital will choose when it does.
I can feel the changing choices of institutions/capital. With the release of earnings reports from major companies, capital expenditures (Capex) are far higher than expected. Whether investments can generate positive returns is everyone's biggest concern.
Based on my observations, smaller and medium-sized companies that hadn't risen as much previously seemed to receive more market favor on Thursday and Friday. Optical communication module stocks, led by [stock code 1] and [stock code 2], significantly outperformed the broader market. Micron [stock code 2] also seemed to have lost some momentum, with many traders taking profits. I still hold my Micron position, and even added to it during the decline.
I will adjust my portfolio based on everyone's performance next week.
