According to online reports, global stock markets experienced an astonishing "deep V" rally in April. Its S & P 500 has experienced a nine-day consecutive rise after plunging in early April, setting a record for the longest consecutive rise since November 2004. In this regard, Hartnett, chief investment officer of Bank of America, pointed out in the latest research report that this trend shows that investors expect Trump to switch to the "three lows" policy in the second 100 days, namely, lower tariffs, lower interest rates and lower taxes. At the same time, concerns about the U.S. economic recession triggered by "soft" data are also easing. Hartnett pointed out that the yield on two-year U.S. bonds has dropped by 70 basis points since Trump, oil prices have fallen by 20%, and the U.S. dollar has depreciated by 9%. These have contributed to easing financial conditions. Coupled with the fact that technology giants 'capital expenditures in the AI field remain strong, which is expected to reach US$320 billion in 2025, jointly alleviating concerns about recession.