The July market is off to a good start. Who would have thought that last week's market was followed by a series of slaps in the face after two candies, leaving investors in the dark. On a weekly basis, the Shanghai Composite Index and $CSI 300 Index (000300.SH)$It's down 1%, $GEM (LIST3000004.SZ)$Decreased by 2%, $SSE Science and Technology Innovation Board 50 Index (000688.SH)$It also fell 1.3%. In the short term, investors' mentality is still haunted by policy expectations. However, the 10-year US Treasury yield soared to a 15-year high of 4.09% last week, which also put tremendous pressure on growth stocks. This also partly explains last week $PDD Holdings (PDD.US)$， $JD.com (JD.US)$， $Hang Seng TECH Index ETF (03032.HK)$A pullback. But the good news is that Yellen's trip to Beijing is coming for the economy; advising us to buy US debt should be one of the highlights. So is it understandable that the recent rise in US debt is part of our muscle show? After all, what you can't get on the battlefield is also hard to get at the negotiating table. Therefore, we can still look forward to the platform economy.
Ant Group was fined 7.123 billion yuan by Chinese regulators last weekend, plus $TENCENT (00700.HK)$Tenpay was also fined 2.4 billion dollars by the central bank. $Alibaba (BABA.US)$Instead, it surged 9%. Investors are betting that the trend has changed, haha...