S&P 500

Strategy Report

.SPX

VIXY

SOXS

SQQQ

GLDM

OUNZ

SDOW

SGOL

SOXL

A hand-controlled life necessity price, plus a man-made interest price, will ochestrate US' economy boom in 2036.

VanEck Semiconductor ETF

iShares Core S&P Mid Cap

Pro Vix Shrt Fut

Direxion Semicon Bear 3X

iShares Gold Trust

SPDR S&P 500

Proshares UltraPro Short QQQ ETF

VanEck Gold Miners ETF

SPDR Gold Minishares

SPDR Gold Shares

iShares Core S&P Small Cap

ISHRS Russ 1000

iShares Core S&P 500

Veck Merk GLD

Invesco QQQ Trust

Pro UltrPro Shrt Dow30

Abrdn Gold ETF Trust

Proshares Ultrashort S&P500 ETF

Direxion Semicon Bull 3X

NASDAQ Composite Index

Proshares UltraPro QQQ

Pro Ultr Bloomberg Crude Oil

Pro UltrPro S&Pro 500

United States Oil Fund LP

VG Total Stock

Dow Jones Industrial Average

Ultr S&P 500 Pro

VG S&P 500

C3.AI

3% US 2026 GDP—New Policy Floor of AI Era?

NVDA

PHUN

ABTC

DJTWW

OpenAI

DXYZ

NVDL

07788

07388

NVDY

NVDD

NVDX

NVDQ

Originally, the market was continuously declining due to liquidity withdrawal caused by the U.S. government shutdown and concerns over supply chain financing surrounding OpenAI. However, now that the U.S. government has reopened and NVIDIA's strong performance has been released, the market still isn't buying it. What exactly is wrong with the U.S. stock market? With only five weeks left in 2025, has it completely turned into garbage time? Is there still hope for AI in 2026? 1. Looking towards 2026, what exactly are Trump's demands? There is one last chance for a rate cut this year—the interest rate meeting on December 10th. From a macro perspective, the current market's short-term nerves seem to be dominated by the prospect of a rate cut...

NVIDIA

Phunware

Trump Media & Tech

American Bitcoin

Trump Media & Tech - CW28

Destiny Tech100

GraniteShares 2x Long NVDA Daily ETF

XL2CSOPNVDA

XI2CSOPNVDA

YieldMax NVDA Option Income Strategy ETF

Direxion Daily NVDA Bear 1X ETF

T-Rex 2X Long NVIDIA Daily Target ETF

T-Rex 2X Inverse NVIDIA Daily Target ETF

Bubble Talk Rising, Will AI Continue as Hottest Bet in 2026?

Applovin

Conference Minutes

00700

VOOG

AXON

80700

TCTZF

TCEHY

SELF

HTCD

The following is a summary of the 3Q25 earnings call minutes for $AppLovin(APP.US) organized by Dolphin Research. For financial report interpretation, please refer to &#34;Without High Growth and Violent Aesthetics, Is Applovin Still Attractive?&#34; 1. Review of Core Financial Information This Quarter: The upgrade of the core gaming business model drove revenue to increase by 68% year-on-year to approximately $1.405 billion; adjusted EBITDA reached $1.158 billion, up 79% year-on-year, with a profit margin of 82%, an increase of 1 percentage point from the previous quarter, mainly due to the leverage effect and the moderate alleviation of foreign exchange fluctuations...

MediaAlpha

TENCENT

VG S&P 500 Grw

Axon Enterprise

TENCENT-R

Tencent Holdings Limited

Tencent

Global Self Storage

Hasbro

Ameriprise Financial

AppLovin

Tencent HK SDR 10to1

Applovin (Minutes): Currently, the week-over-week growth rate of new user spending on the self-service advertising platform has reached 50%

GBTC

SBET

.IXIC

Continued tight liquidity has started to affect beneficiaries under ample liquidity, such as Bitcoin, as well as tech growth stocks with weak fundamentals and excessive valuations. But what cause the liquidity shortage abruption? what may ease it? and how to position portfolios under this circumstance?

Grayscale Bitcoin Trust BTC - ETF

SharpLink Gaming

Angel Oak Mortgage-Backed Securities ETF

ON Semiconductor

U.S. gov. shutdown to trigger a 'dollar shortage'?

000831

00769

SOXX

CP00062

The U.S. federal government has been in a shutdown since October 1st, and it has now been over a month. During this period, although there has been almost no release of federal-level macroeconomic data, the 'G2' meeting between China and the U.S. in South Korea, the Federal Reserve's interest rate cut, and the AI infrastructure investment frenzy by American tech giants during the earnings season have resonated to create a small peak in the U.S. stock market. However, the core issue the market now faces is whether the realization of these benefits means that all the good news has been priced in, and whether the remaining time in 2025 will be 'junk' time. 1. Powell's 'hawkish' rate cut...

ZGXT

CHINA RAREEARTH

iShares Semiconductor ETF

Semiconductor

All become 'money-eating beasts'! Can the giants of the US stock market still take the lead?

Today’s Key News Recap

09866

SVXY

1017｜Dolphin Research Focus: 🐬 Macro/Industry 1. Fed Beige Book Sets Tone for 'Soft Landing': The latest Fed survey shows that economic activity has been 'essentially flat' in recent weeks, with stable employment but some sectors starting to lay off workers. Tariffs have pushed up input costs while end-product price increases have been limited. Powell simultaneously hinted that 'balance sheet reduction may end in the coming months,' slightly raising expectations for easing. 2. US-China Tariffs Enter 'Talks-Negotiation' Window: US officials collectively criticized China's rare earth export controls on Wednesday but emphasized 'no intention to escalate the conflict.' The market interprets this as a possibility of reaching limited exemptions before November 1, with the VIX retreating from its high...

NIO-SW

Taiwan Semiconductor

NIO Inc. USD OV

Pro Ultr Silver

iShares Silver Tr

Pro Shrt Vix Shrt Future

Global Industrial

TSMC Profit Surprises; Nio Sued by Singapore Sovereign Wealth Fund｜Today's Important News Recap

TSLA

0311 ｜Dolphin Research focuses on: 🐬 Macro/Industry 1. Last night, U.S. stocks plummeted, with the S&amp;P 500 index falling below the 200-day moving average, marking its first entry into what is referred to as the &#34;danger zone&#34; by the market. This was mainly due to concerns over high inflation and the U.S. economy potentially falling into recession, triggered by tariffs. When asked whether the U.S. would experience a recession this year, Trump did not rule out the possibility, stating that the economy is undergoing a &#34;transition period.&#34; As a result, Hong Kong and A-shares experienced varying degrees of decline this morning, but both rebounded and turned positive by the end of trading. Additionally, today, Trump plans to meet with top business executives...

Tesla

Hong Kong and A-share rebates; New energy Collective Surge ｜Today's important news review

Hot topic

Trump once again wields the tariff stick, and global assets seem to have entered a risk-off mode, including the Chinese assets that were originally being reassessed, which have also entered a correction mode. Dolphin Research seizes the opportunity to discuss the policy logic of Trump’s current administration. In fact, if you pay attention to the media interviews of the U.S. Treasury Bessent during this period, Trump's fiscal policies are quite understandable: 1. Core belief: The allocation efficiency of the private sector is higher than that of the government sector. 2. Policy objectives: Reduce national debt (the core is interest payment costs), lower inflation, and bring manufacturing back...

How to interpret Trump's tariff stick this year?

As a key indicator for next week's interest rate cut, last night's August core CPI data basically confirmed that the first rate cut will only be 25 basis points.Structurally, overall inflation increased by 0.2% month-on-month, which is perfectly controllable. However, core inflation rose from 0.2% to 0.3% month-on-month. First, it indicates that the overall inflation can operate within expectations mainly due to the drop in energy prices.Secondly, the most critical acceleration in core inflation month-on-month growth is mainly because residential costs rose sharply again to 0.5% month-on-month. The sharp increase in residential costs is mainly due to the rise in the high-weighted owner's equivalent rent.Owner's equivalent rent can basically be understood as homeowners' expected rental return on their own properties. This figure also rose during the last interest rate cut expectation at the end of last year and the beginning of this year.What does this mean? People will price their asset returns in advance based on the expectation of a rate cut. In other words, once the expectation arises, even before the actual rate cut, it will produce some effect of a rate cut. In this case, an actual rate cut of 25 basis points may have an effect greater than 25 basis points.Even to avoid a repeat of the inflation resurgence expectation at the beginning of the year, the Fed's rate cut on September 18 is most likely to be 25 basis points.Therefore, the focus of next week's FOMC meeting is no longer how many basis points the rate cut will be, but the guidance on the future path and any wording that may further lean toward protecting employment under a 25-basis-point rate cut.In this context, considering that the market was still speculating and pricing in the possibility of a 50-basis-point rate cut, this possibility is now basically gone. Bond prices may need to give back some gains for $iShares barclays 20+ Yr Treasury Bd(TLT.US) $Direxion 20+Yr Trsry Bull 3X(TMF.US).Overall, with low inflation risks, interest-rate-sensitive sectors reacted sensitively after the expectation of lower interest rates emerged, indicating a high possibility of a soft landing for the economy, which is actually favorable for equity assets. $S&amp;P 500(.SPX.US) $SPDR S&amp;P 500(SPY.US)

Direxion 20+Yr Trsry Bull 3X

iShares barclays 20+ Yr Treasury Bd

US Bank Predicts Energy Prices for 2026

Tesla plans to significantly increase lease prices

Rumor suggests Apple will launch a 'wide-folding' iPhone next year with a seamless inner screen without cutouts or creases

Large-cap US tech stocks show mixed performance in pre-market trading, with Amazon rising by 0.4%

Guggenheim Upgrades Accenture Target Price to $305

Pfizer Acquires Global Exclusive Rights to YP05002 Project from Yopharm for $2.085 Billion

JPMorgan Increases Stake in Ceres Power Holdings plc

Media Previews Apple iPhone 20: May Feature a True Full-Screen and Quad-Curved Folding Design

T. Rowe Price and Goldman Sachs Launch First Co-Branded Model Portfolio

FactSet 下调德州仪器目标价估值

Mastercard Collaborates with Airtel Payment Bank to Support Rural Women's Small Businesses

PepsiCo Announces Organizational Changes to Accelerate 2030 Strategy Growth

NVIDIA's Nemotron 3 Nano Throughput Increases by 4 Times

Morgan Stanley Real Estate Investment Acquires Last-Mile Distribution Center Near LAX for $211 Million