It has been a while since I last published a blog post. Over the past two months, I have been tied down with market updates, reviewing Trump’s statements almost day by day, updating clients, and meeting with them to review their portfolios. During this period, I also held two client Zoom updates and wrote one quarterly report. At the “darkest” moment in March, I told my clients my view that the war would likely benefit the US stock market (“大炮一响，黄金万两” as I said), and that the war would probably stop within one month. I was putting my head on the chopping board. In hindsight, it is always easy to say, “Markets always come back.” But if you were investing through March and April, you would know it was never that simple. Oil prices were unstable. Gold was surging. The Strait of Hormuz (a place many people have never heard...