According to online reports, institutional analysts said that the "Trump option" no longer exists. The evidence is that U.S. stocks have wiped out almost all of the big gains since Election Day, and this decline has also spread to Bitcoin and other risky assets. Expectations about President Trump's deregulation, tax cuts and other fiscal stimulus measures have been replaced by concerns. Chris Galipeau, senior market strategist at Franklin Templeton Investments, said: "The chaos in the U.S. government has created a lot of uncertainty. This is a fire caused by Trump." Benoit Anne, general manager of Merson Investment Management, said the trade war is a risk to economic growth in the United States and other parts of the world. The stock market reflects this. U.S. stocks are no longer rising all the way, and now the situation is more complex and changeable. Galipeau said: "The worst may be over soon. The stock market is now on a 'discount' and the range of earnings growth is expanding, which is a positive factor, and mid-cap and small value stocks look particularly attractive. As artificial intelligence-related transactions "become increasingly unsupported," even the "Big Seven" in the technology industry are almost a good bargain."