Market 01/28: Recovery As If Nothing Happened

On the occasion of the new Ất Tỵ year, on behalf of the entire Viet Hustler team, Steve wishes our dear readers a year of peace and prosperity.

If you missed the best recent articles:

• Why Did US Banks Achieve Record Profits in 2024?

• AMD - Is It Time to Turn Around?

• Global Autonomous Vehicle Race: Waymo, Tesla, Uber and the Strategy Puzzle

• China: Changes and Challenges

• What Does Economic Data Before FOMC Say?

Key highlights:

• White House stops $500 billion Federal support program

• Alibaba launches new AI better than DeepSeek and GPT-4o

• Scott Bessent becomes Treasury Secretary, supports 2.5% tax

• Durable goods orders drop sharply due to Boeing

• Home prices in 20 major cities continue to hit new highs

• Consumer confidence falls for 2 consecutive months

• Boeing: CEO outlines turnaround plan

• Lockheed Martin: Some secret project loses $1.7 billion

• GM: Major Risk from Trade War

• Market recovers without fear, NVDA up 8%