Wall Street analysts say July is the most fantastic month for U.S. stocks. Tariffs are not a threat. Pessimism about wage inflation is disillusioned.

Several days after the U.S. Independence Day holiday, the stock market resumed normal trading, quickly compensating for holiday-shortened volatility and demonstrating strong resilience. Despite multiple negative expectations, the market welcomed an optimistic July start, further consolidating Bull confidence. The non-farm employment data released on Friday far exceeded market expectations. Although previous estimates anticipated only around 110,000 new job opportunities, with Wall Street rumors even suggesting as low as 95,000, the actual result reached 147,000, and the unemployment rate unexpectedly dropped to 4.1%, lower than the expected 4.3%.

Pessimistic views about wage increases causing inflation also dissipated. Originally expected to increase from 0.3% to 0.4%, average hourly wages only increased by 0.2%, alleviating market concerns about wage inflation (Note: Rising labor costs are typically viewed as a threat to small and medium enterprises and can drive price increases). Overall, although data indicates a moderate labor market slowdown, the market's initial expectations were worse, which instead sparked optimistic sentiment. The following insights are from market observations by senior U.S. stock market analyst Geoff Bysshe, with key points summarized below.

Nvidia's market value jumped to $4 trillion during mid-trading, marking the first instance in history. Traders are disregarding tariff anxieties, and the CNN Fear and Greed Index currently shows extreme greed. Bitcoin is challenging $112K again, with Binance data showing it reached a high of $111,999 this morning, breaking the previous year's high of $111,980 on 5/22 and setting a new record. Ethereum rose to $2,776, up 6.2% in 24 hours. The cryptocurrency market saw liquidations totaling $508 million within 24 hours.

Fed Meeting Minutes: Divergent Views Among Policymakers on Interest Rate Outlook

The Fed meeting minutes reveal divergent views among rate decision-makers, primarily due to different expectations about how tariffs might impact inflation.

The Federal Open Market Committee meeting minutes from June 17-18 noted that while a few participants indicated tariffs would cause a one-time price increase without affecting long-term inflation expectations, most participants suggested tariffs could have a more persistent impact on inflation.

Nvidia's Market Value Breaks $4 Trillion for the First Time, Goldman Sachs Raises US Stock Outlook

Nationwide's Mark Hackett stated, "Despite frequent trade news, the market has entered a calm period. As market reactions to tariff news gradually diminish, the next catalyst will be the earnings season. Given the significant rise since April, increased investor expectations, and potential consolidation, this transition may bring some volatility."

Nvidia's stock price soared to a new milestone, becoming the first company to exceed $4 trillion in market value, marking an impressive rebound after a challenging start to the year. Concerns about spending triggered by China's DeepSeek and Trump's trade war had previously dampened risk sentiment. The stock has risen over 1,000% since early 2023. Nvidia currently represents 7.5% of the S&P 500 index, near its historical peak.

Quick money investors are gradually returning to the US stock market after experiencing strong gains.

Goldman Sachs strategists have raised their outlook for the US stock market, noting the continued strong performance of the largest US companies as one reason the market may continue to rise.

Bitcoin Challenges $112K, Network-wide Liquidation of $500 Million

Bitcoin is challenging $112K again. Binance data shows Bitcoin reached a high of $111,999 this morning, surpassing this year's previous high of $111,980 on 5/22 and setting a new record.

Ethereum rose to $2,776, up 6.2% in 24 hours.

The cryptocurrency market saw liquidations totaling $508 million within 24 hours, with Bitcoin accounting for $229 million and Ethereum for $147 million. The Coinglass Fear and Greed Index has entered the 67 greed zone.