📈 S&P hits new highs, commodities are even crazier. So far in 2025, I am very satisfied.

Last night, the S&P reached a new high again,
More importantly——
‍#黄金 , #白银 , #铜 all hit new highs simultaneously.
This year's bulk commodities,
Can only be described with two words: crazy.
🟡 Precious metals: the most certain main line
Gold broke through $4,500/oz, a new all-time high
But among precious metals, its increase this year isn't the most exaggerated.
My favorite bullish tools:
$NUGT: nearly 5 times this year
$AGQ: nearly 4 times
👉 I sold early, only gained 2 times, but that was enough.
Copper is also strong:
FCX broke above 52
Unfortunately, $ALB exited too early and with too small a position, which is one of the few regrets this year.
💻 Technology & Pharmaceuticals: the money to be made was not missed
Tech stocks:
Broadcom
Intel
AMKR
Xpeng
Nvidia
Pharmaceuticals:
XBI
LQDA
CDTX
Overall returns are very good,
Well deserved for friends who supported all along.
🔮 Outlook for 2026: four words—cautiously optimistic
Tech stocks: need to start “picking people”
Before Q1 2026, problems are not big
After Q1, structural differentiation will be very obvious
The direction will shift from:
👉 Chip computing power
👉 To AI applications + AI hardware
If I had to choose the most likely leaders in M7 2026:
👉 Google / Apple / Tesla
Because:
In 2026, AI applications will truly be the main starting point.
⚡ Biomedicine & Power Energy: optimistic
I am very optimistic about the annual return rates of these two sectors in 2026,
They are directions worth continuous tracking next year.
🇨🇳 A-shares: Spring turbulence is on the way
Today, A-shares:
Over 4000 companies rose
Shengyi Technology hit the daily limit
Goer also rebounded a bit
Goer’s performance over the past month has indeed been disappointing,
But I will continue holding,
Betting on the prosperity of “Physical AI” in 2026.
Target price 50,
Still room to go from here.
And I have always emphasized one sentence:
👉 Goer is not a junk stock in consumer electronics 😂
Looking at history:
In the past 10 years, 7 years had spring turbulence,
This year——
Brokerages are very likely to not be absent.
📊 Moreover, US Q3 GDP
Actual #GDP : 4.3%
Expected: 3.2%
Highest in recent two years
The main driver is consumption:
Q3 consumption growth rate 3.5%
But still within the central range
👉 Not a consumption reversal
The current problem in the US is:
K-shaped divergence is too severe.
🏛 Policy & interest rate judgment
2026 is a mid-term election year:
Policy focus will definitely be on
👉 Low-income groups + employment
So:
The high growth in Q3 GDP
Will not change the rate cut expectations for 2026
My judgment remains unchanged:
👉 Two rate cuts in 2026
👉 Total range 50–75 BP
🧠 To sum up in one sentence:
2025 is the year of realization,
2026 is the year of divergence,
The real layout
Should start now to prepare for 2028.