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With the initial wave of the conflict climaxing and entering a phase of negotiations and desensitization, a short-term tradable rebound is possible. However, it is not advisable to be overly optimistic, as the market is unlikely to see a trend-driven rally like the one after last year’s tariffs, and a further decline cannot be ruled out. Continue to highlight the opportunity to allocate into US tech stocks. Current valuations have been sharply compressed, and the valuation premium of tech relative to the overall market has almost disappeared. Meanwhile, EPS forecasts continue to be revised upwards; if upcoming earnings reports exceed expectations, there could be a strong catalyst. If US stocks experience another round of declines, it is recommended to aggressively increase holdings.

However, due to the limited number of shares that employees were willing to sell, some investors were unable to purchase all the shares they had hoped for.

21:00-7:00 Keywords: Polygon Labs, David Woodcock, Strait of Hormuz, "Ten-Point Plan"1. The Strait of Hormuz has been closed again;2. Federal Reserve meeting minutes: Policymakers focus on the dual risks of the Iran war;3. White House: The first round of US-Iran talks will be held in Islamabad on the morning of the 11th;4. Iran claims that three items in the "Ten-Point Plan" have been violated and the "negotiation basis" has been destroyed;5. Polygon Labs is in talks to raise 100 million US dollars to support its payment business;6. Ethereum Foundation: Plans to sell 5,000 ETH to fund research and development, grants, and donations;7. US SEC appoints David Woodcock as Head of Enforcement, crypto enforcement under attention;8. Iran will charge passing ships a fee for transiting the Strait of Hormuz, which can be paid using Bitcoin and other cryptocurrencies.