<h3>Overnight Market Overview</h3>
<p>U.S. stocks experienced a &#34;roller coaster&#34; market, with PPI data initially driving a surge in early trading, followed by a decline before noon, and then several fluctuations. Panic buying before the close pushed small-cap stocks to lead gains, while large tech stocks performed weakly, with NVIDIA falling for five consecutive days, accumulating a decline of 12%. Investors shifted towards sectors such as utilities, finance, and materials, with regional bank ETFs and banking ETFs both rising over 3%.</p>
<p>The &#34;Tech Seven Sisters&#34; all fell. Meta dropped 2.31%, Tesla fell 1.72%, Alphabet A declined 0.71%, Apple decreased 0.48%, Microsoft fell 0.36%, and Amazon dropped 0.32%.</p>
<p>The quantum computing &#34;meme stocks&#34; that plunged on Monday rebounded significantly. D-Wave Quantum rose 23.5%, Rigetti Computing increased 47.93%, Quantum Computing gained 13.96%, Quantum Corporation rose 7.22%, IonQ increased 5.92%, Kingsoft Cloud ADR rose 3.93%, and the Quantum ETF - Defiance ETFs increased by 1.98%.</p>
<p>Eli Lilly fell 6.6%, marking its worst single-day performance since March 2021, due to lower-than-expected demand for weight loss drugs and insufficient inventory levels by year-end. Q4 revenue forecasts fell short of market expectations, dragging down weight loss stocks, with Novo Nordisk down 4% and Viking Therapeutics down nearly 13%.</p>
<h3>Key Focus Today</h3>
<p>Tonight's release of the U.S. CPI has become the market's focal point, with expectations for a year-on-year increase of 2.9%, higher than November's 2.7%, and a month-on-month increase of 0.3%. Analysts state that if the CPI data exceeds expectations, it will undoubtedly be unfavorable for U.S. stocks, as it indicates that the Federal Reserve will indeed delay interest rate cuts.</p>
<p>However, some analysts believe that the market is unlikely to reprice solely based on tomorrow's CPI report, as everyone will be focused on Trump and the new administration. President-elect Trump will return to the White House on January 20 and has vowed to impose trade tariffs. Analysts expect this will trigger a trade war and reignite inflation.</p>
<h3>SEC Sues Musk: Failed to Disclose Twitter Stock Purchase as Required, Saved $150 Million</h3>
<p>The U.S. Securities and Exchange Commission (SEC) filed a lawsuit in federal court in Washington, D.C. on Tuesday, accusing Musk of violating securities regulations.</p>
<p>The SEC stated that Musk purchased over 9% of Twitter's common stock in March 2022 but failed to disclose the information in a timely manner, violating federal securities laws. It was not until 11 days later, on April 4, 2022, that Musk publicly disclosed his beneficial ownership in a report submitted to the SEC.</p>
<p>This delay allowed Musk to continue purchasing Twitter shares at artificially depressed prices, saving at least $150 million. On April 4, 2022, Twitter's stock price rose more than 27% compared to the previous day's closing price.</p>
<p>Musk's lawyer responded that Musk did nothing wrong, calling the lawsuit &#34;a farce.&#34;</p>
<h3>Tianfeng Securities Guo Mingqi: Beware of Short-term Risks from NVIDIA</h3>
<p>Guo Mingqi stated that the shipment volume of GB200 NVL72 may be significantly lower than expected, currently estimated at about 25,000–35,000 units. More seriously, repeated delays have led to insufficient market confidence, with stock prices reacting positively in advance but lacking market confidence, making related market rumors easily exaggerated or over-interpreted.</p>
<h3>Demand for Weight Loss Drugs Drags Eli Lilly's Q4 Performance Below Expectations, Lowers Full-Year 2024 Revenue Guidance, Stock Price Drops Nearly 9%</h3>
<p>Eli Lilly's earnings report shows that Q4 revenue forecast fell short of expectations. The company explained that the demand for weight loss drugs grew less than expected, and insufficient inventory levels at the end of the year affected performance. This marks the second consecutive quarter where sales did not meet targets due to forecasting errors. However, Eli Lilly is optimistic about achieving revenue of $58 billion to $61 billion in 2025, exceeding market expectations. Analysts say the market has extremely high growth expectations for the company, leaving little room for error.</p>
<h3>Reports Indicate Meta Plans to Lay Off 5%</h3>
<p>An internal memo from Meta shows that the company plans to eliminate about 5% of its workforce through performance evaluations, affecting approximately 3,600 positions, and will fill vacant positions within this year. CEO Mark Zuckerberg stated that performance management standards will be raised, the pace of layoffs will be accelerated, and a broader range of layoffs will be implemented in this round of evaluations, with &#34;generous severance packages&#34; offered to departing employees.</p>
<h3>Fannie Mae Soars 29% Intraday, Achieves Largest Increase Since 2008</h3>
<p>On Tuesday, Fannie Mae's stock rose over 30% intraday, with both Fannie Mae and Freddie Mac seeing increases of over 60% and 50% respectively in the last five trading days. This surge for the two government-sponsored enterprises began after the U.S. government announced a &#34;orderly&#34; framework for exiting conservatorship, allowing both companies to potentially end the government conservatorship that has lasted since the 2008 financial crisis.</p>
<h3>China's New Social Financing in December Reaches 2.86 Trillion Yuan, New RMB Loans at 990 Billion Yuan, M2-M1 Scissors Gap Narrows</h3>
<p>The total social financing scale for the entire year of 2024 reached 32.26 trillion yuan, compared to the previous value of 29.4 trillion yuan, which is 3.32 trillion yuan less than the previous year. RMB loans increased by 18.09 trillion yuan for the year, compared to the previous value of 17.1 trillion yuan. By the end of December, M2 grew by 7.3% year-on-year, while M1 decreased by 1.4% year-on-year.</p>
<h3>U.S. December PPI Growth Below Expectations</h3>
<p>The U.S. December PPI unexpectedly cooled, with a month-on-month increase of 0.2%, while economists expected the growth rate to remain steady at November's 0.4%. The December PPI and core PPI increased by 3.3% and 3.5% year-on-year, respectively, both marking the highest growth rates since February 2023, and both exceeding their respective growth rates in November, but still falling short of economists' expected growth rates.</p>
<h3>Wall Street Bets on Significant Market Volatility on U.S. CPI Release Day</h3>
<p>Options traders are preparing for the busiest CPI release day for the S&amp;P 500 index since March 2023. Citigroup stated that the S&amp;P 500 index could rise by 1% or fall by 1% on the day the CPI data is released. This represents the largest implied volatility before the CPI data release since the collapse of Silicon Valley Bank in March 2023, which triggered a regional banking crisis in the U.S. Some major banks have adjusted their interest rate cut expectations, with Bank of America even stating that they now expect the Federal Reserve will not cut rates this year</p>
<h3>A new round of strong winds ravages, fire intensity in Los Angeles escalates, rent skyrockets, and insurance losses expand to $30 billion</h3>
<p>The fire situation in California remains severe, with Wells Fargo estimating insurance losses could reach as high as $30 billion, setting a new record in modern American history, far exceeding JP Morgan's prediction of $20 billion last week. Meanwhile, a new round of dry strong winds has swept through Los Angeles and surrounding areas in Southern California since Tuesday, potentially exacerbating the fire situation, with gusts reaching speeds of 97 kilometers per hour, putting approximately 2 million people at extreme fire risk. Additionally, post-disaster rent surges are adding to the burden on residents, with some property rents increasing by as much as 81%</p>

NVDA

QBTS

RGTI

QUBT

TSLA

<p>Among the quantum computing "meme stocks" that plunged on Monday, QBTS rose 23.5% on Tuesday, RGTI rose 47.93%, and QUBT rose 13.96%. The U.S. Securities and Exchange Commission has sued Elon Musk, claiming he failed to disclose his purchase of Twitter shares as required. Tianfeng Securities' Guo Mingqiang warned the market: GB200 NVL72 shipments may significantly fall short of expectations, and to be cautious of short-term risks with NVIDIA</p>

- U.S. stock markets experienced volatility, with PPI data initially boosting stocks before a midday decline, leading to a late surge in small-cap stocks while large tech stocks struggled.  
- Notable declines included Nvidia, which fell for five consecutive days, and significant gains in regional bank ETFs, while the "Tech Seven" saw widespread losses.  
- Analysts are closely watching the upcoming U.S. CPI report, with expectations of a 2.9% year-over-year increase, which could impact market sentiment and Federal Reserve interest rate decisions.

LB Select

NVIDIA

D-Wave Quantum

Rigetti Computing

Quantum Computing

Tesla

Apple

Alphabet

Skychem Technology

DING LONG

Shaanxi Lighte

TF SECURITIES

YieldMax NVDA Option Income Strategy ETF

YIWU CCC

Microsoft

BANK OF E ASIA

JPMorgan Chase

VanEck Semiconductor ETF

Destiny Tech100

Direxion Semicon Bull 3X

Federal National Mortgage Association

Viking Therap

Trump Media & Tech

NEWLIFE

Amazon

Jilin OLED

Citigroup

KINGSOFT CLOUD

Freddie Mac

Trump Media & Tech - CW28

Bank of America

Valiant

Tongxing

Eli Lilly

Twitter

Suochen

Quantum

Phunware

Alphabet - C

GraniteShares 2x Long NVDA Daily ETF

SVB FINANCIAL GROUP

Wells Fargo

IonQ

Novo Nordisk AS

Meta Platforms

Breakfast | Quantum computing concept stocks rebound significantly! NVIDIA experiences five consecutive declines, with a total drop of 12%