<h3>Overnight Market Overview</h3>
<p>The market continues to bet on the &#34;Trump trade&#34;! The three major U.S. stock indices hit new intraday highs, with the S&amp;P 500 closing above 6,000 points for the first time in history, the Dow Jones Industrial Average rising by 304 points to close above 44,000 for the first time, and the Nasdaq briefly turning negative due to pressure from tech and chip stocks, but still managed to close up and set a new high.</p>
<p>Most of the &#34;Tech Seven Sisters&#34; fell, but Tesla rose by 8.96%, accumulating a 29.01% gain last week, and has risen over 44.25% since the close on November 4.</p>
<p>Bitcoin surged over 10% during the session, breaking $88,000 to set a new historical high. Cryptocurrency concept stocks soared. Mercurity Fintech ADR rose by 81.4%, Canaan Creative ADR rose by 41.27%, and &#34;Bitcoin whale&#34; MicroStrategy (MSTR) rose by 25.73% to set a new historical high. BTC Digital rose by 37.7%, MARA Holdings rose by 29.92%, and cryptocurrency exchange giant Coinbase rose by 19.76%. The cryptocurrency &#34;meme stock&#34; Youdao Interactive saw its stock price rise by 100% during the session before closing down 20%.</p>
<h3>Musk's Influence Unprecedented! Tesla Bull Raises Target Price by 25%</h3>
<p>Tesla has been rising on every trading day since the U.S. election. On Monday, Tesla's stock price closed up nearly 9%, ending at $350, marking the largest five-day cumulative gain in the last four years. Tesla's continuous rise coincides with President-elect Trump's formation of a new cabinet for the U.S. government. Recent signs indicate that Musk's communication channels with Trump are smooth, and his influence during Trump's second term will be unprecedented.</p>
<h3>Nvidia's Blackwell Supplier Chipone Systems Plummets! Analyst Supports: No Technical Issues</h3>
<p>Previously, Edgewater Research pointed out that Chipone Systems' products had issues, which could lead to losing the opportunity to supply parts for Nvidia's Blackwell graphics cards, causing the stock price to plummet nearly 25%. However, Rosenblatt analyst Mosesmann believes there are no issues with the products, and if there were, Nvidia would notify the company. Although Chipone Systems' share in Blackwell chips may decrease, it will still be a major supplier and is expected to maintain a significant market share, leading to a narrowing of the stock price decline.</p>
<h3>China's October Financial Data Released</h3>
<p>China's new social financing in October was 1.4 trillion yuan, with new RMB loans of 500 billion yuan, showing a slowdown in the growth rate of social financing and RMB loans. The decline in M1 narrowed to 6.1%, while the increase in M2 expanded to 7.5%, with the negative scissors difference between M1 and M2 growth rates shrinking.</p>
<h3>This Week's Market Focus: U.S. CPI</h3>
<p>Bank of America Merrill Lynch stated that the U.S. October CPI and core CPI are expected to rise by 0.2% and 0.3% month-on-month, respectively, remaining unchanged from previous values, which is unlikely to lead to significant changes in inflation expectations or threaten the Federal Reserve's inflation target. Bank of America Merrill Lynch also emphasized not to go against market trends, as momentum after the election typically continues for the next few weeks.</p>
<h3>&#34;New Federal Reserve News Agency&#34;: If Trump Wants to Fire Powell, Powell Will Resort to Legal Action</h3>
<p>Powell, who comes from a legal background, previously stated that under U.S. law, the president does not have the authority to fire or demote the Chair of the Federal Reserve. Six years ago, when Trump considered firing Powell, there was a brewing legal lawsuit within the Federal Reserve against the president.</p>
<h3>Media reports that the next U.S. Treasury Secretary candidate may be locked in this week, Trump leans towards selecting Wall Street veterans</h3>
<p>Media reports suggest that former Soros Fund Manager Scott Bessent, hedge fund mogul Paulson, and former U.S. Trade Representative Lighthizer are all potential candidates for Treasury Secretary; the Treasury Secretary interviews will be held at Mar-a-Lago, with an expected five to eight candidates, each accompanied by a PowerPoint presentation detailing their situation and recommending individuals, for Trump to assess how important they are to his inner circle.</p>
<h3>Shigeru Ishiba re-elected as Prime Minister of Japan</h3>
<p>In the decisive round of voting for the Prime Minister's nomination in the Japanese House of Representatives, Liberal Democratic Party President Shigeru Ishiba won and was re-elected as Prime Minister of Japan. According to the rules and procedures, the Prime Minister's nomination election is conducted in the order of the House of Representatives followed by the House of Councillors. This marks the fifth time in Japanese history that the House of Representatives' Prime Minister nomination election has gone to a decisive round of voting.</p>
<h3>China's longest Double 11 ends</h3>
<p>Tmall's transaction volume exceeded 100 million brands, with a year-on-year growth of 46.5%, setting a new historical record, while over 30,000 small and medium-sized businesses on JD.com saw their transaction volume more than double year-on-year. More than 100 live streaming rooms on Taobao Live surpassed 100 million in transactions, setting a new historical high; JD.com's live streaming order volume increased by 3.8 times year-on-year. &#34;Jiao Ge Peng You&#34; and &#34;Dongfang Zhenxuan&#34; dropped out of Douyin's top ten, with quality live streaming becoming a new trend.</p>
<h3>After surpassing Tesla in revenue, BYD's annual sales are expected to catch up with Ford</h3>
<p>In the third quarter of this year, BYD sold 1.1349 million vehicles, about 40,000 more than Ford. Analysts believe that BYD's sales surge momentum will continue, and BYD will soon see Ford in its rearview mirror</p>

<p>Tesla has been rising on every trading day after the U.S. elections! Tesla's stock price closed up 9% overnight, ending at $350, marking the largest five-day cumulative increase in the past four years. Cryptocurrency concept stocks surged. "Bitcoin whale" MicroStrategy MSTR rose 25.73%, reaching a record high</p>

- U.S. stock indices reached new highs, with the S&P 500 closing above 6000 for the first time and the Dow Jones rising 304 points.  
- Bitcoin surged over 10%, surpassing $88,000, while cryptocurrency stocks also saw significant gains, including a 81.4% rise in Mercurity Fintech ADR.  
- China's October financial data showed a slowdown in social financing and loan growth, while the U.S. CPI is expected to rise modestly, maintaining inflation expectations.

Breakfast | Trump's trading continues to be hot, Tesla surges 9%! Bitcoin breaks through $88,000, setting a new historical high