<h3>U.S. Stock Market News</h3>
<ol>
<li>
Chinese Foreign Ministry spokesperson Wang Wenbin announced: At the invitation of Wang Yi, member of the Political Bureau of the CPC Central Committee and Minister of Foreign Affairs, U.S. Secretary of State Antony Blinken will visit China from April 24th to 26th.
</li>
<li>
NYSE conducts investigations into full-day trading with market participants.
</li>
<li>
Li Auto adjusts pricing system comprehensively: L series reduced by RMB 18,000-20,000, MEGA reduced by RMB 30,000.
</li>
<li>
TSMC announced a 3%-5% average annual salary adjustment in April this year, the same as last year. Individual salary adjustments will depend on individual performance, seniority, position, and many other factors.
</li>
<li>
On April 22nd, regarding the rumored joint bid by Hou Yi (nickname: Lao Cai), founder of Hema, and former Alibaba CEO Daniel Zhang to acquire Hema for $2 billion, Hema responded that the news is not true.
</li>
<li>
Tesla celebrates the 10th anniversary of the first delivery of Model S in China. Data shows that from 2014 to now, the number of Tesla owners in China has grown from 15 to over 1.7 million.
</li>
<li>
XPeng Motors official Weibo account: XPeng G6, as the brand's first global model with both left-hand and right-hand drive, has been unveiled in Hong Kong, Macau, Singapore, and Thailand, and will soon be available in Europe.
</li>
<li>
SoftBank to invest $960 million to enhance artificial intelligence computing power.
</li>
<li>
Huang Renxun stated that humanoid robots are expected to become popular devices in the near future, with a selling price not exceeding $10,000-$20,000.
</li>
<li>
According to well-known tech journalist Mark Gurman, interest in Vision Pro is gradually waning, with a significant decrease in consumer demand for its demonstrations. Sales in many regions have dropped from a few units per day to a few units per week.
</li>
</ol>
He also mentioned that Apple is developing a large-scale language model (LLM) that runs on the device side, prioritizing response speed and privacy protection capabilities.
<ol>
<li>Tencent announced that on May 21, 2024, &#34;Dungeon &amp; Fighter: Origin&#34; (&#34;DNF Mobile&#34;) will officially launch.</li>
</ol>
<h3>Pre-market Movement</h3>
In the U.S. stock market pre-market, the three major stock index futures are up, while the fear index is down.
Bitcoin is currently trading at $66,075, up nearly 2% in the past 24 hours; Ethereum is trading at $3,223, up nearly 2% in the past 24 hours.
Cryptocurrency concept stocks are soaring, with technology stocks and Chinese concept stocks showing mixed movements.
Riot Platform is up nearly 6%, Microstrategy and Marathon Digital are up nearly 5%, Hut 8 is up nearly 4%, and Coinbase is up 3%.
Tesla is down over 2%, Nvidia is up nearly 3%, AMD and Meta are up over 1%
In terms of Chinese concept stocks, Li Auto fell more than 7%, XPeng fell nearly 4%, Nio fell more than 1%, Bilibili rose more than 2%, Alibaba and JD.com rose more than 1%, Pinduoduo and Baidu rose nearly 1%.
<h3>Strategy Review</h3>
1. Is it time to bottom fish in US stocks? There are still risks!
Research shows that when the S&amp;P 500 index rises by 10% or more in the first quarter, there is an average maximum decline of 11%. However, since 1950, out of 11 such events, the index has closed higher for 10 years. If the S&amp;P 500 index falls by another 2% to around 4914 points in the coming weeks, CTAs may sell about $31 billion worth of stocks.
2. Sharp drop in US AI sector: Earnings will be tested, focus on macro uncertainties
The May 1st FOMC meeting will be a window for market observation, and the probability of a rate cut by the FOMC in June will affect the future performance of US stocks. The recent decline in AI-related stocks indicates a collapse in molecular end support. This week, Tesla, Microsoft, Meta, and Alphabet will release their financial reports, putting market pressure to the test. Rate cuts will become the focus of the game in the near future, with the New York Fed's overnight reverse repo balance declining, sparking concerns about market liquidity.
3. Will this week save US stocks? Fed's &#34;favorite&#34; inflation indicator, tech giants' earnings on the horizon
This week, key data on economic growth and inflation, as well as the performance of Tesla, Meta, Microsoft, and Google's parent company Alphabet, will determine whether the sluggishness of US stocks will continue!

Li Auto fell more than 7% in pre-market trading, XPeng fell nearly 4%, Nio fell more than 1%, Bilibili rose more than 2%, Alibaba and JD.com rose more than 1%; Tesla fell more than 2%, Nvidia rose nearly 3%, AMD, Meta rose more than 1%; Riot Platform rose nearly 6%, Microstrategy, Marathon Digital rose nearly 5%

LB Select

Meta Platforms

Microsoft

Alphabet

Alphabet - C

Tesla

Apple

Amazon

NVIDIA

Strategy

Coinbase

Mara

Alibaba

JD.com

Li Auto

XPeng

Bilibili

NetEase

Baidu

Pre-market trading in US stocks | Li Auto plunges 7%, Tesla drops over 2%! Cryptocurrency concept stocks soar!