@TaoRay: We have officially entered the second half of 2026. At the beginning of this year, I gave my first Space on investing (you can go back and check it out), where I was bullish on US stocks and Japanese stocks. Indeed, the gains were substantial. Now we will look ahead to the second half. I believe everyone has seen the news that institutions are urging OpenAI to go public next year instead, because they think the market environment will be better than in the second half...

We have officially entered the second half of 2026. At the beginning of this year, I gave my first Space on investing (you can go check it out), where I was bullish on US stocks and Japanese stocks. The gains were indeed impressive. Now we will look ahead to the second half. I believe everyone has seen the news that institutions are urging OpenAI to go public next year instead, because they think the market environment then will be better than in the second half. Does this mean that Wall Street expects a crisis in the second half, and that 2027 will usher in a new boom cycle? AI has not yet fully transmitted downstream; it still relies on capital expenditure as a lifeline. Shouldn't it go public as soon as possible? The longer the time, the weaker the sustainability and efficiency of capital expenditure, right? And on top of that, there is the pressure of the Federal Reserve's interest rate hikes. Why is that? Do institutions expect a crisis in the second half? Or will AI fully explode, bringing even greater prosperity in 2027? We will try to deconstruct the institutions' thinking in the members-only Space and attempt to gain some insights.