Breakfast | Nasdaq and S&P 500 hit the largest increase in nearly two months, NVIDIA reaches a new high, and AMD launches its first desktop AI processor.

Good morning! A wonderful day starts with making money.

Market: Overnight and this morning

Bitcoin rises above $47,000 for the first time since March 2019, Nvidia stock hits a new all-time high, Chinese concept stocks index falls for three consecutive days

The market is searching for direction, and further catalysts may come from the US December CPI to be released this Thursday, as well as the kickoff of the fourth-quarter earnings season by major banks such as JPMorgan Chase on Friday. Global stock markets rebounded on Monday. US stocks rose throughout the day, ultimately closing higher for the second consecutive day. The Nasdaq rose 2.2%, the S&P 500 rose 1.41%, and the Dow Jones rose 0.58%.

Chip stocks led the market, with Arm rising 8%. Nvidia rose 6% and reached new intraday and closing highs. AMD rose over 5%. Leading technology stocks all closed higher. Tesla rose nearly 1.3%, Apple rose 2.4%, Amazon rose nearly 2.7%, Alphabet rose 2.3%, and Netflix rose 2.3%.

Boeing opened 8.4% lower and closed down 8%, marking the largest single-day decline since October 2022.

The Nasdaq China Golden Dragon Index fell 1.47%, with Dada Nexus plummeting 45% due to internal audit findings of questionable behavior. JD.com fell 2.7%. iQiyi and XPeng both fell nearly 3%, TAL Education fell 6%, NetEase and New Oriental fell over 1%, and Alibaba fell nearly 0.2%.

Bitcoin briefly rose 6.2%, marking the largest intraday gain since November 15th, surpassing $47,000 and reaching the highest level in 21 months. The market expects US regulatory agencies to approve the first Bitcoin ETF for direct investment in Bitcoin. This is the final step in approving Bitcoin ETF applications that have been submitted for over a decade.

What happened to blue-chip stocks and hot stocks

Apple Vision Pro will be available for sale in the US on February 2nd, starting at $3,499

Apple Vision Pro will launch a brand new App Store, where users can discover and download visionOS applications.

JFrog Group: iPhone sales decline worsens in China, may drop by double digits again this year

Nvidia releases three RTX 40 SUPER series graphics cards, claiming to be at the forefront of AI PCs

Nvidia's three new desktop graphics chips with additional components will allow gamers to better utilize artificial intelligence on their personal computers without relying on remote services accessed through the internet.

AMD launches its first desktop AI processor

The Ryzen 8000G series chips are expected to be available starting from January 31st, and systems from various OEM manufacturers are expected to be launched in the second quarter. AMD is also introducing Ryzen AI, bringing dedicated AI neural network processors (NPU) to desktop processors for the first time.Boeing CEO Calhoun to hold a live webcast on safety on January 9th

Media: United Airlines found loose latch bolts during the inspection of Boeing 737 MAX 9 aircraft. At least five United Airlines planes were found to have non-compliant bolts and other parts on the latch.

Dada Nexus, a subsidiary of JD.com, self-audit reveals doubts about advertising revenue, investigation launched and reported to the police

Dada discovered some suspicious behavior during a routine internal audit, which may raise questions about certain online marketing service revenue and operating support costs for the first three quarters of 2023.

Dada Nexus stated that during the self-audit process, doubts were found about the advertising revenue data, and a third-party will be commissioned to conduct a re-audit. This matter does not involve Dada's core business and has a very limited impact. The media reported that this incident may be caused by individual suspects involved in fraudulent activities.

ByteDance and Tencent discuss game project sale, strengthen game cooperation

ByteDance's gaming division, Chaoxi Guangnian, is negotiating the sale of multiple games with Tencent. Chaoxi Guangnian has spent over 100 million yuan on developing these games, and this sale has been significantly discounted. In addition, the team is also in talks with multiple buyers regarding the sale of projects.

Information technology supplier Huiyusoft to acquire Juniper Networks

The transaction amount is approximately 13 billion US dollars and is expected to be finalized this week. Juniper Networks surged after hours, with an increase of 30%. Huiyusoft fell nearly 7% after hours.

Rumors of BYD Qin PLUS DM-i starting at 69,800 yuan? BYD: False information

BYD's News Disinformation Office stated that the rumor "Qin PLUS DM-i starting at 69,800 yuan" is false information. The official guide price for Qin PLUS DM-i starts at 99,800 yuan, and a limited-time fuel conversion fund is currently available, with a discounted price starting at 89,800 yuan.

Media: Barclays to lay off approximately 5,000 employees in 2023

Game engine giant Unity plans to lay off 25%, cutting nearly 1,800 jobs

OpenAI: Banning the use of news and books to train chatbots will hinder the development of artificial intelligence

If the use of copyrighted works is prohibited, it will be "impossible" to create services like ChatGPT.

Golf superstar "Tiger Woods" ends nearly 30-year partnership with Nike, total contract amount nearly 660 million US dollars

Macro: Taking you to see the world

Fed Governor Bowman changes long-term view: willing to support eventual rate cuts

The Fed's monetary policy seems to have "sufficient restraint" to bring inflation down to the Fed's 2% target. As inflation declines, she is willing to support eventual rate cuts.

New York Fed survey: inflation expectations for the next year drop to a three-year low

The New York Fed survey shows that consumers' inflation expectations for the next year dropped from 3.36% in the previous month to 3.01% in December. Median expectations for household income growth declined by 0.1 percentage points to 3.0%, higher than the pre-COVID-19 level of 2.7% in February 2020.JPMorgan: Optimism driving the rise in US stocks will face challenges

The rise in risk assets in November and December was driven by the "perfect inflation decline theory" that allows for significant interest rate cuts by central banks worldwide, prompting investors to chase the market. The process of inflation decline in the first half of this year will stagnate, and the stock market is overbought. After the rise at the end of 2023, market sentiment has become overly complacent and the market is over-positioned.

GTS Executive: Spot Bitcoin ETF trading premium could reach 8%

The trading price of spot Bitcoin ETFs will have a significant premium over their net asset value. If a fund is approved, its trading price may have a premium of 8% over the value of the underlying assets. In comparison, the average premium of holding Bitcoin futures for BITO in the past year was 0.02%. "The question will be the premium compared to the net asset value."

Invesco: The Japanese yen may appreciate 10% against the US dollar in 2024

Assuming the Bank of Japan does start normalizing while most other major central banks begin easing monetary policy, the yen is expected to strengthen significantly. A 10% appreciation of the yen against the US dollar is "easily achievable".

Zou Lan, Director of the Monetary Policy Department of the People's Bank of China: Will strengthen countercyclical and cross-cyclical regulation, and make efforts in terms of quantity, structure, and price.

Sun Tianqi, Deputy Director of the People's Bank of China: Financial regulatory authorities will comprehensively strengthen financial supervision, and legally bring all financial activities under regulation to eliminate regulatory gaps and blind spots.

Li Bin, Deputy Director of the People's Bank of China: Further improve the openness and access of China's foreign exchange and financial markets.