Wu shuo got wind that Ray Dalio, founder of Bridgewater Associates, stated in his 2025 year-end summary that the 2026 US midterm elections could trigger significant political shifts, with Republicans potentially losing seats in both the Senate and House of Representatives. Current favorable policies are likely to be reversed. In terms of taxation, regulation, and policy, there is considerable potential for pressure on corporate profits to increase.

He pointed out that US dollar depreciation is not merely short-term volatility, but rather a long-term structural trend, with real returns likely to remain below non-dollar assets such as gold and the Chinese yuan over the long term. Regarding the rise of US stocks, Dalio believes this wave of gains is essentially supported by several major companies in the AI sector. While these companies are indeed profitable and not part of a false internet bubble, the issue is that current valuations already reflect future expectations.