Understanding the Market | Spot gold returns above $4,500, Chifeng Gold rises over 7%, Lingbao Gold rises over 6%Trump's "Backfire": Rising Oil Prices to "Completely Devour" Tax Cut Dividends, Landmark Achievement "Ruined"Prediction: Apple Will Be the Worst "Magnificent Seven" Stock to Own Between Now and 2030Markets and Central Banks Turn Hawkish: Goldman Explores How to Hedge?Bank of America warns that U.S. stocks, bonds, and gold will be under pressure in Q2, while the dollar and oil prices may emerge as winnersMemory Module Prices Plummet, Memory Stocks Fall Collectively, Has the Memory Supercycle Peaked?European Central Bank Governing Council: The "Inflation Battle" is about to begin, and the United States faces greater systemic risksUS Treasuries Bottoming Out? JPMorgan, Pimco: "Bond Sell-Off" Underestimates "Recession Risk"Iran War Reshapes "Energy Landscape": "Oil & Gas" Major Clients Shift to "Coal, New Energy"Guo Jin Mou Yiling: Signals for Risk Asset Bottoming and Medium-Term ThemesZhitong Decision Reference | Capital Shifts to DefenseInterview with Meitu CEO Wu Xinhong: Meitu is an AI Beneficiary, Product Growth Follows a MethodologyPakistan's Foreign Minister: Both US and Iran Express Confidence in Pakistan's Mediation; Meaningful Talks to Be Facilitated in "Coming Days"Next Week's Key Schedule: Focus on Iran Conflict Developments, US Non-Farm Employment, China PMIDoves Lead the Turn Towards Hawkishness, Fed Officials Hint "Rate Cuts May Be Over," But "Hike Probability Low"Iran Rejects "Ceasefire Agreement," US Plans "Ground Offensive," Oil Prices Surpass $115 at OpeningThe first monthly economic data released after the Middle East conflict: Consumer confidence across the U.S. has plummeted to freezing point. Can March's non-farm payrolls hold up?The inflation shock will eventually turn into a growth shock! Morgan Stanley and PIMCO jointly warn: the bond market is seriously underestimating the risk of a slowdown in the U.S. economyReminder: Key Intraday Focus (All times are Beijing Time)Public Fund Spring Strategy Meetings Convey Confidence: Chinese Assets Show Resilience, Favoring Diversified Investment OpportunitiesOn March 27th, LI AUTO-W spent USD 3.017 million to repurchase 340,000 sharesMeta has suffered consecutive defeats related to failing to disclose known product hazards to the public"Iran Shock" Fuels Fears of Fiscal Deterioration as Eurozone Borrowing Costs Soar to Multi-Year HighsCCB's 2025 Performance: Total Assets Exceed 45 Trillion Yuan, Non-Interest Income Surges Nearly 20% as Key to Breaking ThroughMajor Bank PSBC Delivers Performance Report: Profit and Revenue Rise, Net Income from Fees and Commissions Soars Against TrendsBofA's Hartnett: No "Buy-Low Signal" Yet; How to Understand "Buy the Dip" Trades Including Gold?Elon Musk: Everyone can use Tesla robotaxiThe Bill for the Iran War: Will the "AI Bull Market" Foot the Bill?Faced with Reassurances from Gulf Nations, US Investors Are "Deeply Concerned": How Long Can Middle Eastern Economies Last? Does the Middle East Still Have Money to Invest in the US?Fear Index Off the Charts, Hedge Funds Selling Off! Goldman Sachs Trading Desk Warns: "Outlook for US Stocks Not Optimistic"All "Co-Founders" Resign, Musk "Completely Restructures" xAI"Middle East's Largest Aluminum Plant" Suffers "Major Losses" on Saturday; Unclear Whether Production Has HaltedHas Gold Bottomed Out?ICBC Releases 2025 "Report Card," Total Assets Exceed RMB 53 Trillion, Generous Dividends Exceeding RMB 110 BillionBank of Communications: 2025 Revenue and Net Profit Both Increase, Net Interest Income Shows Strong Performance, Annual Dividend Yield Near 5%Directly from the "Cosmic Bank's" Earnings Conference: Net Interest Income Inflection Point Expected in 2026, Confidence in Delivering Excellent PerformanceAs Gold Approaches Bear Market Territory, Bargain Hunters Arrive!Global ETFs Record Strongest Ever Start: Inflows Exceed $500 Billion Year-to-DateMiddle East Conflict Spreads! Houthis Enter the War, Is the "Second-Largest Energy Chokepoint" Bab el-Mandeb Strait Also in Jeopardy?Not Just Cheap, But Premium: Chinese EVs Are Increasingly Popular in the USGoldman Sachs Head of Hedge Fund Coverage: Almost All Institutions I Contact Are Bearish, Those Familiar with Spot Commodities Are More Concerned; The Longer Iran Drags On, the More the Market Leans Toward Short-Term InvestmentsToo Popular! Anthropic Faces Computing Strain, Restricting Claude Usage During Peak Hours This WeekA $40 Billion "Unsecured 1-Year Loan" for SoftBank! Are JP Morgan, Goldman Sachs, and Others "Certain" OpenAI Will IPO This Year?Market Bloodbath: Has BYD's Profit Per Vehicle Hit Bottom?New Bond King: Entering "Capital Preservation" Mode, Risk Exposure Cut to "Historical Lows"; "Fed Rate Hikes, US Recession, US Debt Soft Default" All PossibleGlobal "Stocks, Bonds, and Gold" Triple Sell-off Since March: "This Is the Worst Situation, Investors Have Nowhere to Hide"Economic barometer "flashes red": US stock industrial giants collectively fall into technical adjustment, has Wall Street sensed the breath of recession?Trump's "Verbal De-escalation" Fails, Oil's "Spot Shock" Approaches, US Stocks Truly Panicked!Friday's Shift: Oil Continues to Surge, US Stocks Tumble Again, But Treasuries "Don't Follow," Is the Market Now "Pricing in Recession"?Trump’s Penchant for Weekend Moves Leaves Wall Street Wary of Over-the-Weekend Positions