<h3>U.S. Stock Market News</h3>
<ol>
<li>
Goldman Sachs raised its economic outlook for China this year as manufacturing growth exceeded expectations. Goldman Sachs expects China's GDP to grow at an annualized rate of 7.5% in the first quarter, higher than the previous estimate of 5.6%. The bank has raised its full-year economic growth forecast from 4.8% to 5%, in line with the official target set by the Chinese government.
</li>
<li>
On April 10th local time, Maria Cantwell, Chair of the U.S. Senate Commerce Committee, stated that lawmakers may extend the deadline for forcing ByteDance to divest TikTok's U.S. assets to one year.
</li>
<li>
According to data from the China Passenger Car Association and several authoritative media outlets in March 2024, Tesla's Model Y achieved sales of 47,917 units, once again becoming the best-selling passenger car in the Chinese market with a 113% month-on-month increase in sales. Model Y also topped the sales chart in the Chinese market in the first quarter, with total sales exceeding 100,000 units. In addition, in March, the Shanghai Gigafactory delivered 31,478 units of Model 3, maintaining its position as the champion in luxury sedan deliveries.
</li>
<li>
According to Alibaba's global AliExpress official account, the semi-managed model of AliExpress has been online for 100 days, driving an increase in merchant orders. In March this year, there were approximately 20,000 semi-managed merchants on the platform, with order growth doubling.
</li>
<li>
As of 12:00 on April 11th, the number of reservations for the return of the mainland Chinese server of &#34;World of Warcraft&#34; on the NetEase Great God platform exceeded 500,000. On April 10th, Blizzard Netease announced a renewed cooperation, with multiple games under Blizzard Entertainment set to return one after another this summer. On the same day, the reservation for the return of the Chinese server of &#34;World of Warcraft&#34; opened first.
</li>
<li>
Amazon's CEO stated that the development momentum of the advertising business remains strong, with a 24% year-on-year growth; artificial intelligence may be the biggest technological change since cloud computing; Amazon is expected to launch its first production satellite in 2024.
</li>
</ol>
<h3>Pre-Market Movers</h3>
In pre-market trading, futures for the three major U.S. stock indexes fell, while the fear index surged.
Bitcoin is currently trading at $70,744, up more than 2% in the past 24 hours; Ethereum is trading at $3,573, up more than 1% in the past 24 hours.
Popular Chinese concept stocks rose across the board in pre-market trading, with technology stocks and cryptocurrency concept stocks showing mixed movements.
Bilibili rose nearly 3% in pre-market trading, Alibaba and JD.com rose more than 1%, Pinduoduo, Nio, XPeng, and Baidu rose, NetEase fell more than 1%, and Li Auto slightly declined.
In terms of individual stocks, Alpine Immune rose over 36%, with the company receiving a $4.9 billion acquisition from Fosun Pharma.
<h3>Strategy Review</h3>
1. New York Federal Reserve Communication: The question now is not when to cut interest rates, but whether to cut at all?
The Federal Reserve's federal funds rate is expected to be around 5% this year, meaning there will only be one or two 25 basis point rate cuts this year. There are doubts about whether the Federal Reserve can cut rates when the economy is not slowing down. The current focus is on whether inflation will decline or remain close to the 3% level
If the economy does not slow down significantly, the Federal Reserve may not be able to cut interest rates.
2. Second wave of US inflation? Wall Street bulls: Don't panic, US stocks can rise without rate cuts
&#34;Although the Federal Reserve may need to maintain higher interest rates for a longer period to solidify long-term inflation expectations, with positive economic growth dominating the news, risk assets should continue to rise.&#34;
3. Is it time to &#34;take profits&#34; in AI trading?
Goldman Sachs Asset Management is withdrawing from the strong tech stock rally and instead investing in energy stocks and the Japanese stock market with more attractive valuations. Why? &#34;Tech stocks may face downward pressure at the moment!&#34;

Bilibili rose nearly 3% in pre-market trading, Alibaba and JD.com rose over 1%, while Pinduoduo, Nio, XPeng, and Baidu all saw gains. NetEase fell over 1%, while Li Auto experienced a slight decline. In terms of individual stocks, Alpine Immune surged over 36%, as the company was acquired by Fosun Pharma for $4.9 billion

LB Select

Meta Platforms

Alphabet

Alphabet - C

Microsoft

Apple

Amazon

Tesla

Netflix

NVIDIA

Bilibili

Alibaba

JD.com

XPeng

Baidu

NetEase

Li Auto

BABA-W

BABA-WR

BIDU-SWR

BIDU-SW

BILIBILI-W

Pro Vix Mid Fut

Pre-market trading in US stocks | Panic index surges 5%! Bilibili, Alibaba lead gains in Chinese concept stocks