美国银行牛熊指标从 5.2 降至 5.0。

美国银行：美股出现自 2022 年 12 月以来最大的两周资金流出。

CGN POWER(01816) rose 3.45%, with a trading turnover 325.9 Million HKD, and a year-to-date rose 32.4%. COSCO SHIP HOLD(01919) rose 3.01%, with a trading turnover 506.0 Million HKD, and a year-to-date rose 13.4%. LI AUTO-W(02015) fell 7.4%, with a trading turnover 1.7 Billion HKD, and a year-to-date fell 27.7%. CTG DUTY-FREE(01880) fell 4.82%, with a trading turnover 94.5 Million HKD, and a year-to-date fell 17.5%.

Top 5 HK Stock Gainers/Losers (>100B) (4.19)

WEIMOB INC(02013) fell 17.65%, with a trading turnover 126.6 Million HKD, and a year-to-date fell 61.1%. CITYCHAMP(00256) fell 13.73%, with a trading turnover 10.9 Million HKD, and a year-to-date fell 23.5%. ZA ONLINE(06060) fell 9.42%, with a trading turnover 130.4 Million HKD, and a year-to-date fell 37.4%.

Top 10 HK Stock Losers (4.19)

CHALIECO(02068) rose 12.89%, with a trading turnover 125.5 Million HKD, and a year-to-date rose 50%. PACIFIC BASIN(02343) rose 7.85%, with a trading turnover 215.2 Million HKD, and a year-to-date rose 1.6%. BOSIDENG(03998) rose 5.88%, with a trading turnover 382.8 Million HKD, and a year-to-date rose 23.1%.

Top 10 HK Stock Gainers (4.19)

Overnight hottest contract: Tesla put with an expiration date of April 19 and a strike price of $150, with a trading volume of nearly 230,000 contracts! TSMC options trading surged to 480,000 contracts, with call options accounting for 68%. Trump concept stock DJT options trading increased to 280,000 contracts, with put options accounting for 52%

US Stock Options | Tesla, Nvidia, Apple all see a decline in trading volume! TSMC and DJT are hot

Bitcoin's halving is expected to occur early Saturday morning Greenwich Mean Time. Morgan Stanley believes that after the halving, due to the market still being in an overbought state, the price of Bitcoin may fall. Deutsche Bank also does not believe that the price of Bitcoin will rise significantly after the halving, as this event has already been priced in by the market

Less than 24 hours until the halving! Will Bitcoin rise?

Opportunistic investors should not enter the market hastily. The market volatility index VIX is soaring, and an increase in volatility typically triggers selling by investors, which could put short-term pressure on the stock market

Don't rush to buy the dip! "Wall Street Oracle" warns: a wave of selling in US stocks will occur in the next few weeks

比特币向上触及 64000 美元/枚，收复 5% 的盘中跌幅，此前一度跌至 6 万美元下方。

日经 225 指数收盘下跌 1011.35 点，跌幅 2.66%，报 37068.35 点，为 2024 年 2 月 9 日以来新低，且为 2022 年 9 月 26 日以来最大单日跌幅。

日股收跌 2.66%，创 2022 年 9 月以来最大单日跌幅

特斯拉最近宣布全球裁员 10%，中国裁员比例远超预期，有的部门甚至高达 50%。裁员主要集中在销售部门。特斯拉表示，此举是为了精简销售和交付体系，提高效率。

特斯拉裁员更多细节曝光，中国裁员比例不止 10%

The Investment Research Institute of Fuguo Bank pointed out that gold still has room to rise, as the change in interest rate environment may be a particularly strong tailwind. According to historical data, in the 24 months after the Fed started cutting interest rates, the price of gold has on average risen by 20%. Analysts at Fuguo Bank believe that if the Fed is confident in achieving the inflation target in the United States, they may cut interest rates later this year. It is expected that the price of gold will continue to rise

JPMorgan Chase Bullish on Gold: Drawing lessons from history, bigger gains are yet to come

Concept stocks related to Bitcoin collectively fell. As of the time of publication, Meitu Inc. fell by 4.95% to HKD 2.88; OK Group fell by 3.7% to HKD 0.26; OSL Group fell by 3.13% to HKD 9.3; Blueport Interactive fell by 1.54% to HKD 0.64. On the news front, earlier on Wednesday, the price of Bitcoin once plummeted to $59,900, hitting the lowest level since March; Ether also fell below $3,000 during the same period, with a 2.5% drop in 24 hours. Glassnode data shows that Bitcoin has dropped more than 15% from its recent all-time high, while some altcoins have fallen back by 40%-50% from their recent highs. In addition, the latest halving of Bitcoin is expected to take place around April 20. The head of Crypto.com exchange stated that as the so-called halving date approaches, selling pressure on Bitcoin may become evident, but in the long run, this event will support the price of this largest digital asset. J.P. Morgan and Deutsche Bank believe that the positive impact of the upcoming software update "halving" that occurs every four years for Bitcoin has already been largely reflected in the price

Market Insight | Meitu Corporation falls more than 5%, leading the decline in Bitcoin concept stocks. Bitcoin once fell below $60,000. Large institutions believe that the halving effect has already been priced in

恒指跌幅扩大至 2%，恒生科技指数现跌 3.54%。

The S&P 500 index has fallen for five consecutive days, breaking below the key support level of 5050 points. The market may be facing a significant technical sell-off. Due to geopolitical concerns and CPI data, the market retreat has reached its largest scale since 2015. The next support level may be around 4900 points. Goldman Sachs' trading department has also expressed similar concerns, expecting the market to face dual pressures from geopolitical risks and increased supply

After five consecutive declines, the S&P broke below the key support level of 5050

Next Tuesday, Tesla's first-quarter report will have an impact on market confidence. Tesla's stock price has fallen, with investors concerned about its future growth. The market is paying attention to the development progress of Tesla's Robotaxi and Model 2 models, hoping Tesla can provide clear revenue growth points. Wall Street analyst Dan Ives believes that if Tesla does not launch the Model 2 in the next 18 months, it will have a disastrous impact on the company's future growth story. Tesla announced the launch of Robotaxi on August 8th, but investors are skeptical about whether its commercial readiness is sufficient. Signs such as Tesla's layoffs, FSD subscription price reduction, and Cybertruck delivery suspension have also raised alarms among investors

Next Tuesday, Wall Street wants Musk to explain clearly!

Israel attacked a location in Iran, causing the South Korean and Japanese stock markets to plummet by 3%, while Nasdaq futures fell more than 2%. Those who went long on crude oil with UCO saw a significant 8% increase

Panic Index ETF surged 19%, Crude Oil ETF surged 8%

据伊朗国家电视台报道，伊朗首都德黑兰附近发生强烈爆炸。

据美国有线电视新闻网 4 月 18 日报道，伊朗媒体援引当地消息人士的话称，伊朗伊斯法罕市西北部发生爆炸。传出爆炸声的地点在伊斯法罕机场和一处军方基地附近。爆炸的原因尚不清楚。

伊朗传出爆炸声地点在机场和军方基地附近

据伊朗媒体报道，伊朗革命卫队（IRGC）宣布境内所有基地和营地进入最高戒备状态。

有关中东爆发新冲突的报道震动了全球市场，导致股市下跌，而石油和避险资产（包括美国国债和美元）则出现反弹。10 年期美国债收益率下跌约 10 个基点，抵消了近期的抛售压力。美元指数上涨，而包括瑞郎、日元和黄金在内的其他避险货币也走强。油价上涨超过 3%，布伦特原油一度突破每桶 90 美元，WTI 原油飙升至每桶近 86 美元。美股股指期货下跌逾 1%，亚洲股市也下跌，日本和韩国股市跌超 2%，澳大利亚股指跌超 1%。

中东局势升级，股市暴跌而避险资产飙升

比特币失守 60000 美元/枚，日内跌幅 5.46%。以太坊跌破 2900 美元/枚，日内跌 5.39%。

美股三大股指期货跌幅扩大，纳斯达克 100 指数期货跌超 2%，标普 500 指数期货跌 1.5%，道指期货跌 1.32%。

伊朗、叙利亚、伊拉克传出爆炸声。美国官员称，以色列导弹击中伊朗设施。伊朗伊斯法罕空军基地附近传出爆炸声。伊朗暂停在多个城市的航班。伊朗伊斯法罕省发生严重爆炸。

伊以局势速览：以色列导弹击中伊朗设施！

The Hang Seng Tech Index fell nearly 3% in early trading, with several constituent stocks dropping by over 4%. Li Auto-W dropped by 6.53%, XPeng-W dropped by 6.17%, BYD Electronics dropped by 4.26%, Sunny Optical dropped by 3.73%, and Alibaba-SW dropped by 2.5%. A Federal Reserve official mentioned the possibility of retaining the option to raise interest rates

Market Insight | Hang Seng Index falls nearly 3%, with multiple constituent stocks dropping by over 4%. Federal Reserve officials mention the possibility of retaining interest rate hikes

截至发稿，中铝国际涨 19.07%、招金矿业涨 2.35%、紫金矿业涨 2.26%、山东黄金涨 1.77%、江西铜业股份涨 1.47%。

港股有色金属股多数上涨 中铝国际涨超 19%

Analysts from Bernstein remain confident that the bitcoin price can surge to $150,000 by next year.

Bernstein unveils outperform-rated miners to buy before bitcoin halving

Corporate miners have been prepared for the Bitcoin halving for months. At-home miners, by contrast, could face extinction.

How the Bitcoin Halving Will Affect Miners Big and Small

据 ABC 新闻：美国官员称，以色列导弹击中伊朗设施。

CleanSpark (CLSK) has added nearly 3,900 Bitmain Antminer S19j Pro miners to its mining fleet, paying $5.9 million, or about $15.50 per terahash, the bitcoin-mining company said in a press release Tuesday.While many other miners have been in survival mode during the crypto bear market – dealing with not just falling prices, but also surging energy costs – CleanSpark has notably been a buyer of assets at seemingly low prices.

Bitcoin Miner CleanSpark Buys Another Batch of Mining Machines

The release of the open-source large model Llama 3 has sparked discussions in the AI community. Meta has launched two models of different scales and plans to release more versions in the future. The model is expected to exceed 400 billion parameters and compete with Claude 3. Meta's CEO announced that an AI assistant based on the Llama 3 model now covers multiple applications and has introduced an image generator. The emergence of Llama 3 directly competes with OpenAI's GPT-4. Meta insists on the open-source route, scoring a point for open-source models. The official version of Llama 3 is expected to be released in July this year. Insiders revealed that researchers have not yet fine-tuned it, nor have they decided whether it will be a multimodal model. Llama 3 is hailed as one of the best-performing open-source models

Llama 3 returns as a king, can it rival GPT-4 and catch up with closed-source models with open-source models?

Volkswagen and XPeng announced that they will embark on a collaboration on electronic and electrical architecture technology to jointly develop a new electronic and electrical architecture. Volkswagen plans to launch its planned electric vehicle models in 2026 and accelerate the iteration speed of its platform in China. In this regard, Volkswagen has also invested 2.5 billion euros with XPeng to expand production and innovation centers. This move demonstrates Volkswagen's emphasis on the Chinese market. For XPeng, this collaboration helps accelerate the transition period and enhance confidence among consumers and investors

Volkswagen and XPeng are getting closer

Large American pension funds are cashing out of US stocks, reducing their holdings by $325 billion and reallocating to bonds and private equity. This is due to the overvaluation of US stocks and the high interest rate environment, with fund managers evaluating risks and adjusting their investment portfolios. In response, some pension funds are moving funds into bonds and alternative investments to seek stable returns and reduce risks

One of the drivers behind the five consecutive declines in US stocks? Large American pension funds are taking profits

马云三次内部表态，阿里重组的真正结束。马云在一封全员信中鼓舞士气，强调要纠正昨天的问题并面向未来改革。阿里目前在中国电商市场份额约为四成，但抖音成为了威胁，争夺阿里的利润来源。马云的表态对应了阿里过去一年的三个思考：如何改革主业电商、如何应对竞争、如何面向未来。员工们戏称马云全员信的叙事很 MAGA——让阿里巴巴再次伟大。

马云三次内部表态，阿里重组的真正结束

The S&P 500 and Nasdaq have fallen for five consecutive days, with Tesla and Amazon both dropping for five days in a row, while Apple has dropped for four consecutive days. Meta has launched a new AI model, Llama 3. Netflix fell more than 6% after hours, with first-quarter subscribers exceeding expectations. Google is restructuring its artificial intelligence team to accelerate progress. Boeing is targeting the low-altitude economy and plans to bring flying cars to Asia by 2030. Long-time bull Deutsche Bank analyst Emmanuel Rosner has lowered the target price for Tesla. The Macau property market is completely cooling down

Breakfast | US stock market hits the longest losing streak in six months, Netflix revenue guidance falls short of estimates

JPMorgan and Deutsche Bank believe that the positive impact of Bitcoin halving has been largely reflected in the price. JPMorgan expects the halving to mainly affect Bitcoin mining, potentially leading to industry consolidation. On the other hand, analysts at Deutsche Bank believe that the price of Bitcoin will not rise significantly after the halving, as the market has already digested this event. While the price is not expected to fluctuate dramatically, Deutsche Bank believes that the price of Bitcoin will remain high. Additionally, factors such as central bank interest rate cuts and regulatory changes may also affect the price of Bitcoin

Bitcoin price to surge after halving? Morgan Stanley and Deutsche Bank do not agree

Lithium Americas(LAC) fell 29.71%, with a trading turnover 153.3 Million USD, and a year-to-date fell 27.2%. Eyepoint Pharmaceuticals(EYPT) fell 16.43%, with a trading turnover 75.9 Million USD, and a year-to-date fell 24.3%. Ibotta(IBTA) fell 12.19%, with a trading turnover 445.1 Million USD, and a year-to-date .

Top 10 US Stock Losers (4.18)

Trump Media &amp; Tech(DJT) rose 25.72%, with a trading turnover 534.9 Million USD, and a year-to-date rose 89.7%. Canopy Growth(CGC) rose 20.65%, with a trading turnover 128.2 Million USD, and a year-to-date rose 53.2%. Badger Meter(BMI) rose 16.65%, with a trading turnover 122.0 Million USD, and a year-to-date rose 15.8%.

Top 10 US Stock Gainers (4.18)

TH International /Cayman Islands(THCH) rose 23.08%, with a trading turnover 18.6 Million USD, and a year-to-date fell 26.9%. Gaotu Techedu(GOTU) rose 8.69%, with a trading turnover 37.5 Million USD, and a year-to-date rose 76.2%. Canaan(CAN) fell 17.11%, with a trading turnover 18.4 Million USD, and a year-to-date fell 60.2%. Microvast(MVST) fell 5.41%, with a trading turnover 1.1 Million USD, and a year-to-date fell 64.8%.

Top 5 CDRs Gainers/Losers (>100M) (4.18)

Elevance Health(ELV) rose 3.19%, with a trading turnover 1.4 Billion USD, and a year-to-date rose 11.8%. Unitedhealth(UNH) rose 2.96%, with a trading turnover 4.4 Billion USD, and a year-to-date fell 6%. Taiwan Semiconductor(TSM) fell 4.86%, with a trading turnover 5.2 Billion USD, and a year-to-date rose 27.9%. Micron Tech(MU) fell 3.78%, with a trading turnover 3.6 Billion USD, and a year-to-date rose 31.3%.

Top 5 US Stock Gainers/Losers (>100B) (4.18)

Netflix's first-quarter financial report for 2024 showed an increase of 9.33 million paid users, nearly doubling expectations. Revenue in the first quarter increased by 15%, with the profit margin reaching a three-year high. However, the company warned that user growth in the second quarter will be lower than in the first quarter, indicating a slowdown in user growth, leading to a post-market decline in stock price. Wall Street's average target price for Netflix in the next 12 months is $598.98. While Netflix's Q1 financial report exceeded expectations overall, market expectations for its future growth momentum have weakened

Netflix Q1 subscriber additions of 9.33 million doubled expectations, but hinted at slowing growth, dropping 7% after hours | Financial Report Insights

多位基金经理在一季度大幅加仓港股，尤其是腾讯控股、美团等港股互联网龙头。基金一季报显示，基金港股仓位相较去年底有所提升。腾讯控股和美团成为多只基金的重仓股。南向资金连续净买入，3 月净买入额达 792.48 亿元。

多位基金经理一季度大手笔加仓港股

The IMF has issued a warning to central banks in Asia, advising them not to focus too much on the actions that the Federal Reserve may take when formulating their own monetary policies. The IMF's Asia-Pacific director pointed out that the US monetary policy has a strong and direct impact on the financial conditions and exchange rates in Asia. He warned that if central banks in various countries closely follow the Fed's policies, it may disrupt their own price stability. It is recommended that central banks formulate policies based on their own circumstances and avoid excessive reliance on expectations of future actions by the Federal Reserve

IMF warning: Major Asian central banks should not overly rely on the policy direction of the Federal Reserve

台积电发布财报，利润增长，但下调了半导体行业和全球晶圆代工行业的增长预期，导致芯片股下挫。Meta 发布强大的 AI 模型 Llama 3，英伟达股价转涨。三大美国股指集体高开，标普纳指曾跌近 0.2%，后转涨，纳指曾跌近 0.6%，后开盘半个小时后转涨，道琼斯涨幅超过 330 点，午盘转跌。

台积电指引打击芯片股，标普纳指恐五连跌，英伟达、Meta 高举 AI 大旗反弹

Google has made sweeping reforms, focusing mainly on the development and collaboration of AI technology. They plan to merge research teams, relocate the AI ethics team, and enhance inter-departmental cooperation. This move aims to streamline the development process, accelerate development speed, and improve work efficiency and innovation capabilities. Google's CEO Sundar Pichai is excited about these changes and plans to share more information during the earnings conference call. Google's stock price also rose slightly by 0.71% after the announcement

Google's bold reform, integrating multiple teams to accelerate the AI process

AI agent technology is gradually becoming a key tool for enterprise automation, capable of automatically completing various complex tasks such as shopping and travel planning. Tech giants like Microsoft, Google, and OpenAI are competing to develop their own versions of AI agents to earn more revenue. Microsoft is developing intelligent assistants to help salespeople automatically process orders and invoices, and enhance their capabilities to handle more complex tasks. In addition, Microsoft also provides a tool for software developers that can automatically provide solutions and help write and run code. This trend is expected to become an essential tool for enterprises, improving work efficiency

AI agents becoming a commercial "lifeline"? Microsoft, Google, and OpenAI are actively preparing

Geely plans to divest Volvo B shares, with a transaction value of USD 1.3 billion. Geely will remain the second largest investor in Volvo, holding 88.5 million A shares. Geely stated that this divestment aligns with its long-term strategy. Geely sold 49.5 million shares through Bank of America Securities, Goldman Sachs Europe, and Barclays, with a guided price of SEK 285.9 per share. Volvo's first-quarter operating profit exceeded expectations, and the stock price has already risen by 12% this year

Geely plans to divest Volvo B shares, with a transaction value of $1.3 billion

TSMC announced its first-quarter performance, slightly exceeding market expectations, but facing weak demand for traditional server and automotive chips. Wall Street believes that the demand in the AI field can still help TSMC offset the sluggish impact, and expects its packaging and testing capabilities to double again. Despite the stock price decline, TSMC executives stated that due to strong demand for 3nm and 5nm processes, they expect improved operational performance in the second quarter. The CFO stated that TSMC's capital expenditure is expected to remain between $28 billion and $32 billion. Revenue growth rate is expected to reach 21% to 26% in 2023

Performance guidance is mixed, TSMC plunges, Wall Street: Not afraid! Huge advantages in the AI ​​wave

Lenovo unveiled multiple AI PCs embedded with the personal AI assistant "Lenovo Xiaotian" at the Innovation and Technology Conference, featuring five key characteristics: a personal intelligent agent with large models and natural user interaction, a personal knowledge base, local heterogeneous AI computing power, an open artificial intelligence application ecosystem, and personal data and privacy protection. Lenovo Xiaotian can provide users with an AI experience through natural interaction, continuously deepen its understanding of users through personal documents, and offer more precise and personalized services. This represents a truly personalized AI computer in the current Chinese market

Lenovo releases multiple AI computers with embedded personal intelligent agents

Shanghai copper hit a new high since 2006, with copper prices rising continuously both domestically and internationally. On the news front, Vale's Sossego copper mine in Brazil has been shut down, leading to an expected severe shortage in refined copper supply. Guotai Junan Securities believes that with the widening industry supply-demand gap, copper prices are expected to rise to above $12,000 per ton. The cash cost of copper mines has a steep tail end, requiring copper prices to rise to $12,000-$14,000 per ton to stimulate supply growth. Based on the increase in demand for copper in household appliances, the global refined copper supply-demand gap is expected to increase