SPDR Gold Shares

Strategy Report

.SPX

SOXS

.IXIC

SQQQ

GLDM

SDOW

SGOL

SOXL

TQQQ

UPRO

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...

VanEck Semiconductor ETF

iShares Core S&P Mid Cap

S&P 500

Direxion Semicon Bear 3X

iShares Gold Trust

NASDAQ Composite Index

Proshares UltraPro Short QQQ ETF

SPDR Gold Minishares

iShares Core S&P Small Cap

ISHRS Russ 1000

iShares Core S&P 500

Invesco QQQ Trust

Pro UltrPro Shrt Dow30

Abrdn Gold ETF Trust

Direxion Semicon Bull 3X

Proshares UltraPro QQQ

Pro Ultr Bloomberg Crude Oil

Pro UltrPro S&Pro 500

NVIDIA

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

Today’s Key News Recap

GOOG

GOOGL

09866

02076

NVDA

01024

09999

09899

MSFT

07299

002245

BOSS

09888

01810

81024

NTES

89888

HBUD

BIDU

81810

HXXD

XIACY

1119 | Dolphin Research Key Focus: 🐬 Stocks 1, $Microsoft(MSFT.US), $NVIDIA(NVDA.US). Microsoft, NVIDIA, and AI startup Anthropic announced the establishment of a strategic partnership. Microsoft and NVIDIA jointly invested $15 billion in Anthropic, which committed to purchasing $30 billion worth of Azure computing power, forming a capital and technology-bound AI alliance among the three parties. Building a &#34;Capital - Computing Power - Model&#34; closed loop...

Pro Ultr Silver

iShares Silver Tr

Alphabet - C

Alphabet

NIO-SW

BOSS ZHIPIN-W

KUAISHOU-W

NTES-S

NETEASE MUSIC

Microsoft

FL2CSOPGOLD

Jiangsu Azure Corporation

HUGO BOSS AG

BIDU-SW

XIAOMI-W

NIO Inc. USD OV

Kanzhun

KUAISHOU-WR

NetEase

BIDU-SWR

Baidu HK SDR 10to1

Baidu

XIAOMI-WR

Xiaomi HK SDR 2to1

Xiaomi Corporation

Nio's intelligent driving chip supplied externally for the first time; Nvidia's earnings report countdown｜Today's important news review

ABTC

GBTC

SBET

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?

American Bitcoin

Grayscale Bitcoin Trust BTC - ETF

SharpLink Gaming

Angel Oak Mortgage-Backed Securities ETF

ON Semiconductor

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

Roblox

Conference Minutes

RBLX

MSFL

MSFO

MSFD

MSFU

MSFX

MSFY

603028

SAFE

The following are the minutes of the FY25Q3 earnings call for $Roblox(RBLX.US) organized by Dolphin Research. For an interpretation of the earnings report, please refer to &#34;Roblox: Record-breaking Ecosystem Prosperity, Why is the Market Not Buying It?&#34; 1. Review of Core Financial Information a. Analysis of Ecosystem Health: a. Diversification of Content Ecosystem (&#34;Long Tail Effect&#34; is significant): The user engagement growth rate for games outside the top ten (long-tail content) accelerated from 47% in Q2 to 58% in Q3. The consumption growth rate for this segment also remained above 40%...

Mattel

C3.AI

GraniteShares 2x Long MSFT Daily ETF

YieldMax MSFT Option Income Strategy ETF

Direxion Daily MSFT Bear 1x Shares

Direxion Daily MSFT Bull 2X Shares

T-Rex 2X Long Microsoft Daily Target ETF

Kurv Yield Premium Strategy Microsoft MSFT ETF

SAFETY

Ameriprise Financial

Safehold

Roblox (Minutes): Will prudently invest in AI and share profits with developers

02097

ASML

09618

BYTED

SCHW

09988

89618

89988

BABA

KBAB

BABO

BABX

HBBD

SCHW-D

HJDD

SCHW-J

1015 | Dolphin Research Focus: 🐬 Macro/Industry 1. Federal Reserve Chairman Jerome Powell stated on Tuesday that the central bank may end its balance sheet reduction (QT) in the coming months to prevent liquidity tightness in the short-term funding markets. The dollar index fell in response, providing strong upward momentum for gold priced in dollars, pushing gold prices to new highs. 2. This year's Double 11 promotion started on October 9, with JD.com and Douyin taking the lead, followed by platforms like Taobao, starting 5 days earlier than last year, further extending the event period...

MIXUE GROUP

JD-SW

Taiwan Semiconductor

ByteDance

Charles Schwab

BABA-W

JD-SWR

JD.com

BABA-WR

Alibaba

KraneShares 2x Long BABA Daily ETF

YieldMax BABA Option Income Strategy ETF

BABA 2x Long Daily ETF - GraniteShares

Alibaba HK SDR 5to1

SCHWAB(CHARLES)CORP 5.95% DEP SHS REP 1/40 NON CUM PERP PF D

JD HK SDR 10to1

SCHWAB(CHARLES)CORP 4.450% DEP SHS REP 1/40TH N-CUM PFD SERJ

ASML Rises Post-Earnings; Mixue Blends into Beer Market | Today's Important News Recap

PHUN

DJTWW

1013 | Dolphin Research Focus: 🐬 Macro/Industry 1. Trump announced on the evening of the 10th that he plans to impose an additional 100% tariff on all Chinese goods starting November 1st and initiate 'critical software' export controls. In response, China will charge a 'special port fee' on American-made ships starting October 14th. Risk aversion sentiment has driven gold prices up, while U.S. stock futures rebounded during the Asian session on Monday, indicating that the market is betting on 'extreme pressure' as a bargaining chip before negotiations. Hong Kong stocks also rebounded in the afternoon. 🐬 Stocks 1. $XIAOMI-W(01810.HK) Chengdu traffic police report...

Phunware

Trump Media & Tech

Trump Media & Tech - CW28

Tariff War Sees Tense Tug-of-War; Xiaomi EV Catches Fire Again｜Today's Important News Review

OpenAI

DXYZ

AAPL

09626

BILI

NVDL

07788

07388

NVDY

GENVR

1009 | Dolphin Research Key Focus: 🐬 Stock 1, $BILIBILI-W(09626.HK) Bilibili rose over 7%. In terms of news, on September 10th this year, Bilibili first revealed a new Three Kingdoms-themed casual asymmetric competitive card game &#34;Three Kingdoms: Hundred Generals&#34;, and scheduled to start testing in October. Previously, the game &#34;Three Kingdoms: Strategy Under Heaven&#34; exclusively represented by the company performed excellently, and the market is full of expectations for its subsequent game product reserves. In addition, recently OpenAI released Sora2, sparking market attention on AI video generation technology...

Destiny Tech100

Apple

BILIBILI-W

Gen Digital

Bilibili

GraniteShares 2x Long NVDA Daily ETF

XL2CSOPNVDA

XI2CSOPNVDA

YieldMax NVDA Option Income Strategy ETF

GEN DIGITAL INC COM USD0.01 CVR (S/RS)

Alibaba forms a robotics AI team; Bilibili continues to rise｜Today's Important News Recap

The U.S. 20-year Treasury auction ended poorly, with the 20-year Treasury yield breaking 5% and the 10-year Treasury yield surpassing 4.5%, advancing to 4.6%. The outcome aligns with Dolphin Research's analysis in the weekly strategy report: once the 10-year Treasury yield exceeds 4.5% and continues to rise, U.S. stocks follow with a correction. Regarding the surge in Treasury yields, Dolphin Research also noted in the report that while Trump claims to be a fiscal hawk, his tax cuts ultimately result in significant deficit policies.This means the deficit issues from the pandemic-era stimulus remain unresolved, and the federal government is adding more debt. The lack of market confidence naturally led to lower auction prices for U.S. Treasuries. Meanwhile, strange developments are occurring with Japanese bonds: Japan was the largest holder of U.S. Treasuries, but now Japan and the U.S. are negotiating, with the U.S. pushing for yen appreciation. From a trading perspective, yen appreciation against the dollar would expose Japanese private institutions holding U.S. Treasuries to exchange rate risks. Japanese insurers, similar to those in Taiwan, previously did not hedge against currency risks during the dual rise of the dollar and dollar-denominated assets. Thus, the optimal move during yen appreciation is to repatriate funds: sell U.S. Treasuries and buy Japanese bonds.However, the latest news indicates the negotiations failed, meaning trades based on expected agreements must now be unwound—buying U.S. Treasuries and selling yen. The result is a yen correction and rising Japanese bond yields.$VG Long-Term(BLV.US), $ProShares Shrt QQQ(PSQ.US), $SPDR Gold Shares(GLD.US), $Currencyshares JPY Trust(FXY.US), $Invesco Db Dlr Idx Bearish ETF(UDN.US)Additional note: Overseas creditors hold about 30% of U.S. Treasuries, with over 15% held by foreign private institutions rather than official entities. Japanese private institutions hold an even larger share, giving them greater pricing power in Treasury transactions than official entities.<figure class="image"></figure>The chart shows Japan was indeed selling U.S. Treasuries in April, but by the week of May 17, it had shifted to net buying. In other words, without Japanese buyers, Treasury yields might have risen even higher. If Japan and the U.S. eventually reach a trade agreement and the yen appreciates, Japanese buyers may further sell U.S. Treasuries.<figure class="image"></figure> The weakening trend of the dollar is certain in this process. If the U.S. continues large-scale Treasury financing under these conditions, it’s no surprise that investors are betting on the 10-year Treasury yield soaring to 5%.Reference: &#34;Big but Ugly&#34; = &#34;Big Deficit&#34;: Will U.S. Stocks Suffer Again Due to Treasuries? https://longportapp.cn/zh-CN/topics/29808412

“大而美”=“大赤字”，美股又要被美债连累了？ - LongPort

Invesco Db Dlr Idx Bearish ETF

VG Long-Term

ProShares Shrt QQQ

Currencyshares JPY Trust

09868

XPEV

WOLF

0521 | Dolphin Research Key Focus: 🐬 Macro/Industry 1. Last Friday, Moody's downgraded the U.S. credit rating from Aaa to Aa1, triggering a wave of dollar selling. The U.S. dollar index fell below the 100 mark. Moody's downgrade exposed the structural risks of the U.S. fiscal deficit, highlighting the value of gold as the &#34;ultimate currency.&#34; Additionally, reports of Israel planning to attack Iran's nuclear facilities and the escalating Middle East tensions have surged geopolitical risks, reigniting the appeal of gold as a traditional safe-haven asset, driving a sharp rise in gold prices recently...

Moodys

XPENG-W

XPeng

Wolfspeed

Gold soars; Google showcases new AR glasses｜Today's important news recap

03750

300750

0512 | Dolphin Research key focus: 🐬 Macro/Industry 1. China-US high-level economic and trade talks were held in Geneva, Switzerland from May 10 to 11. The joint statement was issued after today's A-share market close, with tariff war progress exceeding expectations: The US will suspend 24% tariffs on Chinese goods for an initial 90-day period, retaining the remaining 10% tariffs on these goods; while China also reciprocally retains 10% tariffs. Although there's no major progress yet in the US high-tech embargo and China's rare earths countermeasures, the tariff developments alone have far exceeded expectations. Gold prices fell immediately, Hong Kong stocks surged in late trading, and US stocks collectively rallied in night session...

CATL

Major progress in tariff negotiations, is a big reversal coming? | Today's important news recap

[Precious Metals] Gold, silver, and copper prices have rarely reached historical highs simultaneously. Pay attention to the long positions: S Gold purchase 16188 / Jiang Copper purchase 23853

ADP 就业数据解读。 by Grok

JPMorgan VS Bitcoin! What's this big drama about?

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

Nio's intelligent driving chip supplied externally for the first time; Nvidia's earnings report countdown｜Today's important news review

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