Goldman Sachs: A major strategic shift in China's internet industry, with cloud and data centers becoming the top picks, surpassing gamingFrom AI's outstanding performance to a "cyclical group dance" in the US stock market! Morgan Stanley bets on a rolling recovery in 2026, with cyclical stocks leading the second phase of the bull marketNorthbound Capital Trends | Northbound capital net purchases of HKD 1.54 billion, significant differentiation in technology and domestic bank stocks, Northbound capital again aggressively buys Xiaomi exceeding HKD 1.1 billionCaitong Securities: Initiates "Buy" rating on Meituan-W, focusing on exploring new business increments as the main directionChina's rare earth exports in November increased by 26.5% month-on-month, while refined oil imports saw an increase in volume but a drop in price. Copper ore experienced both an increase in volume and price, and soybean imports decreased by 14.5% month-on-monthOn December 8th, Tencent Holdings Limited spent HKD 636 million to repurchase 1.049 million sharesWall Street's "conspiracy theory": Netflix is actually going to spend $80 billion to acquire the "outdated" Warner? There is a "big game" behind it!NFLX breaks its own rules, makes an RMB 80bn bet to become No.1 in film & TVLI NING outdoor independent stores are landing, is a high-profile offensive prelude coming?TrendForce: AI data centers trigger a shortage of optical communication lasers, NVIDIA's strategic layout reshapes the laser supply chain landscapeFederal Reserve "infighting" lays the groundwork for danger in the U.S. stock market in 2026?Triple Super Cycle! Nomura: Next year, demand for DRAM, NAND, and HBM will simultaneously explode, expected to double the storage marketPolitburo sets 2026 economic agenda, HOOD pushes into SE Asia crypto | Daily News RecapHong Kong stocks close | Three major indices pull back, Baidu's spin-off news stimulates stock price to rise by 3.45%, popular new stock LEMO SERVICES rises by 47.86% leading market focusPOP MART plummeted 9% during the session! U.S. "Black Friday" sales are suspected to fall short of expectations, with short interest reaching a two-year highLenovo won a bid for Xiaomi's storage project worth 148 million, and the acquisition plan for high-end storage Infinidat will be completed by the end of this monthAll commodities will be "like gold"! Bank of America Hartnett: Going long on commodities is the best "hot trade" for next yearWedbush raises Apple's target price to $350, optimistic about the development in the AI fieldThe market shifts from risk aversion to risk chasing! Five factors support a new round of "risk appetite" returning to the US stock marketNomura: Expects US economic growth of 2.4% next year, with two rate cuts in June and September, and a 5% depreciation of the dollar for the yearIs the policy turning point here? The European Central Bank's hawkish stance praises market interest rate hike bets, suggesting there is no room for rate cutsThe surge in AI adoption among American companies? Goldman Sachs' estimates reveal the current state of AI downstreamJP Morgan's View on 2026: Economic Divergence, Policy Divergence, and Soaring AI Adoption RatesUnderstanding the Market | Gold stocks collectively decline, ZIJIN GOLD INTL falls over 4%, SD GOLD drops over 3%State Street Global Advisors: Cautiously optimistic about market prospects next year, expecting the Federal Reserve to cut interest rates a maximum of three timesCentral Political Bureau Meeting of the Communist Party of China: Adhere to demand-led growth and build a strong domestic marketEarnings Preview | "Google Chain Core" Broadcom Q4 earnings report is about to be released, and performance is expected to exceed expectations again driven by the AI engineTrump's post hints that the Supreme Court will overturn the "reciprocal tariffs"? American companies are already "rushing" to compete for "tax refunds""Woodstock" ARK publicly reveals SpaceX's "valuation model": A in 2030, $2.5 trillion!Bank of America: If Trump intervenes in the economy to curb the decline in support rates, now may be a good opportunity to position in mid-cap stocksToday, the Supreme Court debates the "Cook case," and the ruling will affect Trump's control over the Federal ReserveAI enters the "liquid cooling era," the market underestimates the "degree of transformation," and the domestic supply chain is accelerating its entryDongfang Securities: The super cycle of industrial metals may have arrived, with a focus on the copper, aluminum, and gold sectorsJapan's GDP contraction in the third quarter was revised down to 2.3%, providing a basis for the large-scale stimulus plan by High City SaimaiWhere are the market divergences? Morgan Stanley responds to clients' doubts about its "2026 Outlook"Understanding the Market | Most Chip Stocks Rise, Hua Hong Semiconductor Up Over 4%, SMIC Up Over 3%This week's Federal Reserve decision "script": Decision to cut interest rates, Powell's "hawkish speech," Hasset and Bessent's "dovish hedge"?Should You Worry About Nvidia's AI Market Leadership? 21 Words From Jensen Huang Offer a Strikingly Clear Answer."Economic performance better than expected"! U.S. Treasury Secretary Janet Yellen: Strong holiday shopping season, GDP growth rate will reach 3% by year-end!"Stock Movement" POP MART fell 6%, Deutsche Bank worries that Labubu's premium may decline, and domestic revenue may drop by 20% next yearNetflix co-CEO once personally visited the White House to lobby Trump to assist in the acquisition of Warner BrosUnderstanding the Market | Chinese brokerage stocks lead the gains as the Chairman of the China Securities Regulatory Commission proposes to expand the capital space for brokerages, and the ROE ceiling for quality brokerages is expected to be liftedDongxing Securities Co., Ltd.: Maintains "Buy" rating on XPENG-W, will transition from automotive to AI technology in 2026The showdown of "Federal Reserve Week"! The historically high U.S. stock market and the tense bond market are just waiting for Powell to "make the final call"?The world holds its breath! The Federal Reserve leads the "Super Central Bank Week," with multiple central banks set to announce interest rate decisionsGalaxy Securities: The expectation of the Federal Reserve's interest rate cut strengthens, and domestic policies are worth looking forward toThe U.S. bond market is experiencing a "rare divergence in thirty years": on the eve of the Federal Reserve's interest rate cut, long-term U.S. bond yields are "rising instead of falling."Bessent "Spoiler": The actual GDP growth rate in the United States will reach 3% this year