<p><em>要获得优势，您今天需要了解这些信息。</em></p>
<h4><strong>投资者的更多红旗</strong></h4>
<p>请点击这里查看 <strong>Oracle Corp</strong> (NYSE:ORCL) 的图表。</p>
<p>请注意以下几点：</p>
<ul>
<li>本文讨论的是大局，而不是个别股票。ORCL 股票的图表用于说明这一点。</li>
<li>图表显示，ORCL 股票在对 AI 基础设施产生的新收入的预测超出预期后出现回调，主要是通过租赁 <strong>NVIDIA Corp</strong> (NASDAQ:NVDA) 的基于 GPU 的服务器。</li>
<li>一份新报告指出，在过去三个月中，Oracle 在 9 亿美元的租赁中产生了 1.25 亿美元的毛利，毛利率为 14%。可信分析师的预期毛利率约为 25%。许多短期投资专家正在宣传超过 50% 的毛利，并推动 <strong>Nebius Group NV</strong> (NASDAQ:NBIS)、<strong>IREN Ltd</strong> (NASDAQ:IREN) 和 <strong>Cipher Mining Inc</strong> (NASDAQ:CIFR) 等股票。</li>
<li><strong>在我们的分析中，如果像 Oracle 这样拥有创始人 Larry Ellison 巨大人脉的实力雄厚的公司无法产生预期的毛利，那么被炒作的较小公司的预测可能被夸大。</strong></li>
<li>除了毛利的红旗外，我们之前还与您分享了循环融资的红旗。循环融资仍在加速。Nvidia 将向 Elon Musk 的 xAI 投资 20 亿美元。xAI 反过来将购买 Nvidia 芯片。此前，Nvidia 宣布对 OpenAI 的投资。反过来，OpenAI 从 Nvidia 购买芯片并从 Oracle 租赁 AI 服务器。Oracle 从 Nvidia 购买芯片。</li>
<li>谨慎的投资者需要关注循环融资，因为在循环融资中，相同的资金被不同公司多次计算。2000 年科技股崩盘时，纳斯达克下跌 78%，部分原因就是由当时最受欢迎的股票如 Lucent 和 Nortel 引发的循环融资。</li>
<li>正如您可能还记得的，我们是 2022 年最早坚定表示 AI 真实存在，并且在 2030 年之前可以在 AI 中赚取财富的公司之一。这条路不会是一帆风顺的。有时，它会非常危险。在此过程中，市场曾多次认为 AI 交易已经结束。但正如您所知，我们始终坚定信念。到目前为止，我们对 AI 的每一个宏观判断都证明是准确的。</li>
<li>FOMC 会议纪要定于东部时间下午 2 点发布，可能会影响市场。</li>
</ul>
<h4><strong>七大巨头的资金流动</strong></h4>
<p>目前大多数投资组合在七大巨头股票中高度集中。因此，为了领先并获得优势，投资者需要深入挖掘七大巨头股票的表面之下。同样重要的是要超越七大巨头股票每日新闻的噪音。获得优势、深入挖掘和超越每日新闻噪音的最佳方法是每天关注七大巨头股票的早期资金流动。当七大巨头股票出现显著新闻，超出噪音阈值并影响整个投资组合时，会在上面的主要部分进行报道。</p>
<p>在早盘交易中，<strong>Amazon.com, Inc.</strong> (NASDAQ:AMZN)、<strong>NVIDIA Corp</strong> (NASDAQ:NVDA) 和 <strong>Tesla Inc</strong> (NASDAQ:TSLA) 的资金流动为正。</p>
<p>在早盘交易中，<strong>Meta Platforms Inc</strong> (NASDAQ:META) 和 <strong>Microsoft Corp</strong>(NASDAQ:MSFT) 的资金流动为中性。</p>
<p>在早盘交易中，<strong>Apple Inc</strong>(NASDAQ:AAPL) 和 <strong>Alphabet Inc Class C</strong> (NASDAQ:GOOG) 的资金流动为负。</p>
<p>在早盘交易中，<strong>SPDR S&amp;P 500 ETF Trust</strong> (NYSE:SPY) 和 <strong>Invesco QQQ Trust Series 1</strong> (NASDAQ:QQQ) 的资金流动为正。</p>
<h4><strong>短期投资者与聪明资金的股票</strong></h4>
<p>投资者可以通过了解 SPY 和 QQQ 的资金流动来获得优势。投资者可以通过了解聪明资金何时购买股票、黄金和石油来获得更大的优势。黄金最受欢迎的 ETF 是 <strong>SPDR Gold Trust</strong> (GLD)。白银最受欢迎的 ETF 是 <strong>iShares Silver Trust</strong>(SLV)。石油最受欢迎的 ETF 是 <strong>United States Oil ETF</strong> (USO)。</p>
<h4><strong>石油</strong></h4>
<p>API 原油库存增加 278 万桶，而市场共识为增加 225 万桶。</p>
<h4><strong>比特币</strong></h4>
<p><strong>比特币</strong> (CRYPTO: BTC) 处于区间震荡中。</p>
<h4><strong>现在该怎么办</strong></h4>
<p>考虑继续持有良好的、非常长期的现有头寸。根据个人风险偏好，考虑由现金或国债或短期战术交易以及短期至中期对冲组成的保护带。这是一种保护自己并同时参与上涨的好方法。</p>
<p>您可以通过将现金添加到对冲中来确定您的保护带。保护的高带适合年长或保守的人。保护的低带适合年轻或激进的人。如果您不对冲，总现金水平应高于上述所述，但显著低于现金加对冲的总和。</p>
<p>0% 的保护带将非常看涨，表示全额投资且现金为 0%。100% 的保护带将非常看跌，表示需要通过现金和对冲或激进的卖空进行积极保护。</p>
<p><strong>值得提醒的是，如果您没有足够的现金，就无法利用即将到来的新机会。</strong> 在调整对冲水平时，考虑调整股票头寸（非 ETF）的部分止损数量；考虑对剩余数量使用更宽的止损，并为高贝塔股票留出更多空间。高贝塔股票是指那些波动幅度大于市场的股票。</p>
<h4><strong>传统的 60/40 投资组合</strong></h4>
<p>基于概率的风险回报调整考虑通货膨胀，目前并不支持长期战略债券配置。</p>
<p>那些希望坚持传统的 60% 股票和 40% 债券配置的人可以考虑仅关注高质量债券和五年期或更短的债券。那些愿意在投资中引入复杂性的投资者可以考虑将债券 ETF 作为战术头寸，而不是在此时作为战略头寸。</p>
<p>**</p>
<p><strong>阿罗拉报告以其准确的预测而闻名。阿罗拉报告在其他人之前准确预测了人工智能的重大反弹、2023 年的新牛市、2022 年的熊市、2020 年病毒低点后的股市新高、2020 年的病毒下跌、道琼斯工业平均指数在交易时为 16,000 时的 30,000 反弹、2009 年超级牛市的开始以及 2008 年的金融危机。请点击这里注册免费永远的</strong> <strong>财富生成通讯</strong> <strong>。</strong></p>
<p>**</p>
<p><strong><em>Benzinga 免责声明：本文来自未付费的外部贡献者。它不代表 Benzinga 的报道，并且未经过内容或准确性的编辑。</em></strong></p>

2 倍做多英伟达 ETF - GraniteShares

南方两倍做多英伟达

南方两倍做空英伟达

英伟达期权收益策略 ETF - YieldMax

1 倍做空英伟达 ETF - Direxion

2 倍做多 NVDA ETF - T-Rex

2 倍做空 NVDA ETF - T-Rex

半导体 3 倍做多 - Direxion

<p>文章讨论了投资者对甲骨文公司（Oracle）租赁 NVIDIA GPU 所带来的低于预期的毛利率的担忧，实际毛利率仅为 14%，而预期为 25%。文章强调了涉及 NVIDIA、xAI 和 OpenAI 的循环融资问题，警告此类做法可能会夸大财务数据。此外，文章指出监测主要股票的资金流动的重要性，特别是 “七大巨头”，并建议在当前市场环境中保持长期持仓，同时考虑保护性策略</p>

<p><em>To gain an edge, this is what you need to know today.</em></p>
<div class="lb-trans"><p><em>要获得优势，您今天需要了解这些信息。</em></p>
</div><h4><strong>More Red Flags For Investors</strong></h4>
<div class="lb-trans"><h4><strong>投资者的更多红旗</strong></h4>
</div><p>Please click here for a chart of <strong>Oracle Corp</strong> (NYSE:ORCL).</p>
<div class="lb-trans"><p>请点击这里查看 <strong>Oracle Corp</strong> (NYSE:ORCL) 的图表。</p>
</div><p>Note the following:</p>
<div class="lb-trans"><p>请注意以下几点：</p>
</div><ul>
<li>This article is about the big picture, not an individual stock. The chart of ORCL stock is being used to illustrate the point.</li>
<li>The chart shows that ORCL stock has pulled back after out of this world projections for new revenue to be generated from AI infrastructure primarily by renting out <strong>NVIDIA Corp</strong> (NASDAQ:NVDA) GPU based servers.</li>
<li>A new report states that over the last three months on $900M of rentals Oracle generated gross margins of $125M or 14%. The expectations of credible analysts are about 25% gross margins. Many momo gurus are touting over 50% margins and pumping stocks such as <strong>Nebius Group NV</strong> (NASDAQ:NBIS), <strong>IREN Ltd</strong> (NASDAQ:IREN), and <strong>Cipher Mining Inc</strong> (NASDAQ:CIFR).</li>
<li><strong>In our analysis, if a well healed player like Oracle with the tremendous connections of its founder Larry Ellison cannot generate the expected gross margins, the projections for lesser players that are being pumped may be overblown.</strong></li>
<li>On top of the gross margin red flag, we have previously shared with you the red flag of circular financing. Circular financing continues to accelerate. Nvidia is going to invest $2B in Elon Musk's xAI. xAI, in turn, is going to buy Nvidia chips. Previously, Nvidia announced an investment in OpenAI. In turn, OpenAI is buying chips from Nvidia and renting AI servers from Oracle. Oracle is buying chips from Nvidia.</li>
<li>Prudent investors need to be concerned about circular financing because in circular financing the same dollars are counted multiple times by different companies. The 2000 crash in tech stocks when Nasdaq lost 78% was, in part, due to circular financing led by the most popular stocks of the day such as Lucent and Nortel.</li>
<li>As you may recall, we were one of the first to come out of the gate in 2022 and state with conviction that AI was real and a fortune was to be made in AI all the way to 2030. It will not be a straight line. At times, it will be treacherous. Along the way, there have been several times when the market thought the AI trade was done. But as you know, we held firm in its conviction. Our every macro call on AI so far has proven spot on.</li>
<li>The FOMC minutes are scheduled to be released at 2pm ET and may be market moving.</li>
</ul>
<div class="lb-trans"><ul>
<li>本文讨论的是大局，而不是个别股票。ORCL 股票的图表用于说明这一点。</li>
<li>图表显示，ORCL 股票在对 AI 基础设施产生的新收入的预测超出预期后出现回调，主要是通过租赁 <strong>NVIDIA Corp</strong> (NASDAQ:NVDA) 的基于 GPU 的服务器。</li>
<li>一份新报告指出，在过去三个月中，Oracle 在 9 亿美元的租赁中产生了 1.25 亿美元的毛利，毛利率为 14%。可信分析师的预期毛利率约为 25%。许多短期投资专家正在宣传超过 50% 的毛利，并推动 <strong>Nebius Group NV</strong> (NASDAQ:NBIS)、<strong>IREN Ltd</strong> (NASDAQ:IREN) 和 <strong>Cipher Mining Inc</strong> (NASDAQ:CIFR) 等股票。</li>
<li><strong>在我们的分析中，如果像 Oracle 这样拥有创始人 Larry Ellison 巨大人脉的实力雄厚的公司无法产生预期的毛利，那么被炒作的较小公司的预测可能被夸大。</strong></li>
<li>除了毛利的红旗外，我们之前还与您分享了循环融资的红旗。循环融资仍在加速。Nvidia 将向 Elon Musk 的 xAI 投资 20 亿美元。xAI 反过来将购买 Nvidia 芯片。此前，Nvidia 宣布对 OpenAI 的投资。反过来，OpenAI 从 Nvidia 购买芯片并从 Oracle 租赁 AI 服务器。Oracle 从 Nvidia 购买芯片。</li>
<li>谨慎的投资者需要关注循环融资，因为在循环融资中，相同的资金被不同公司多次计算。2000 年科技股崩盘时，纳斯达克下跌 78%，部分原因就是由当时最受欢迎的股票如 Lucent 和 Nortel 引发的循环融资。</li>
<li>正如您可能还记得的，我们是 2022 年最早坚定表示 AI 真实存在，并且在 2030 年之前可以在 AI 中赚取财富的公司之一。这条路不会是一帆风顺的。有时，它会非常危险。在此过程中，市场曾多次认为 AI 交易已经结束。但正如您所知，我们始终坚定信念。到目前为止，我们对 AI 的每一个宏观判断都证明是准确的。</li>
<li>FOMC 会议纪要定于东部时间下午 2 点发布，可能会影响市场。</li>
</ul>
</div><h4><strong>Magnificent Seven Money Flows</strong></h4>
<div class="lb-trans"><h4><strong>七大巨头的资金流动</strong></h4>
</div><p>Most portfolios are now heavily concentrated in the Mag 7 stocks. For this reason, to get ahead and get an edge, investors need to dig below the surface of the Mag 7 stocks. It is equally important to rise above the noise of daily news on the Mag 7 stocks. The best way to get an edge, dig below the surface, and rise above the noise of the daily news is to pay attention to early money flows in the Mag 7 stocks on a daily basis. When there is significant news in the Mag 7 stocks that rises above the threshold of noise and impacts your entire portfolio, it is covered in the main section above.</p>
<div class="lb-trans"><p>目前大多数投资组合在七大巨头股票中高度集中。因此，为了领先并获得优势，投资者需要深入挖掘七大巨头股票的表面之下。同样重要的是要超越七大巨头股票每日新闻的噪音。获得优势、深入挖掘和超越每日新闻噪音的最佳方法是每天关注七大巨头股票的早期资金流动。当七大巨头股票出现显著新闻，超出噪音阈值并影响整个投资组合时，会在上面的主要部分进行报道。</p>
</div><p>In the early trade, money flows are positive in <strong>Amazon.com, Inc.</strong> (NASDAQ:AMZN), <strong>NVIDIA Corp</strong> (NASDAQ:NVDA), and <strong>Tesla Inc</strong> (NASDAQ:TSLA).</p>
<div class="lb-trans"><p>在早盘交易中，<strong>Amazon.com, Inc.</strong> (NASDAQ:AMZN)、<strong>NVIDIA Corp</strong> (NASDAQ:NVDA) 和 <strong>Tesla Inc</strong> (NASDAQ:TSLA) 的资金流动为正。</p>
</div><p>In the early trade, money flows are neutral in <strong>Meta Platforms Inc</strong> (NASDAQ:META) and <strong>Microsoft Corp</strong>(NASDAQ:MSFT).</p>
<div class="lb-trans"><p>在早盘交易中，<strong>Meta Platforms Inc</strong> (NASDAQ:META) 和 <strong>Microsoft Corp</strong>(NASDAQ:MSFT) 的资金流动为中性。</p>
</div><p>In the early trade, money flows are negative in <strong>Apple Inc</strong>(NASDAQ:AAPL) and <strong>Alphabet Inc Class C</strong> (NASDAQ:GOOG).</p>
<div class="lb-trans"><p>在早盘交易中，<strong>Apple Inc</strong>(NASDAQ:AAPL) 和 <strong>Alphabet Inc Class C</strong> (NASDAQ:GOOG) 的资金流动为负。</p>
</div><p>In the early trade, money flows are positive in <strong>SPDR S&amp;P 500 ETF Trust</strong> (NYSE:SPY) and <strong>Invesco QQQ Trust Series 1</strong> (NASDAQ:QQQ).</p>
<div class="lb-trans"><p>在早盘交易中，<strong>SPDR S&amp;P 500 ETF Trust</strong> (NYSE:SPY) 和 <strong>Invesco QQQ Trust Series 1</strong> (NASDAQ:QQQ) 的资金流动为正。</p>
</div><h4><strong>Momo Crowd And Smart Money In Stocks</strong></h4>
<div class="lb-trans"><h4><strong>短期投资者与聪明资金的股票</strong></h4>
</div><p>Investors can gain an edge by knowing money flows in SPY and QQQ. Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil. The most popular ETF for gold is <strong>SPDR Gold Trust</strong> (GLD). The most popular ETF for silver is <strong>iShares Silver Trust</strong>(SLV). The most popular ETF for oil is <strong>United States Oil ETF</strong> (USO).</p>
<div class="lb-trans"><p>投资者可以通过了解 SPY 和 QQQ 的资金流动来获得优势。投资者可以通过了解聪明资金何时购买股票、黄金和石油来获得更大的优势。黄金最受欢迎的 ETF 是 <strong>SPDR Gold Trust</strong> (GLD)。白银最受欢迎的 ETF 是 <strong>iShares Silver Trust</strong>(SLV)。石油最受欢迎的 ETF 是 <strong>United States Oil ETF</strong> (USO)。</p>
</div><h4><strong>Oil</strong></h4>
<div class="lb-trans"><h4><strong>石油</strong></h4>
</div><p>API crude inventories came at a build of 2.78M barrels vs. a consensus of a build of 2.25M barrels.</p>
<div class="lb-trans"><p>API 原油库存增加 278 万桶，而市场共识为增加 225 万桶。</p>
</div><h4><strong>Bitcoin</strong></h4>
<div class="lb-trans"><h4><strong>比特币</strong></h4>
</div><p><strong>Bitcoin</strong> (CRYPTO: BTC) is range bound.</p>
<div class="lb-trans"><p><strong>比特币</strong> (CRYPTO: BTC) 处于区间震荡中。</p>
</div><h4><strong>What To Do Now</strong></h4>
<div class="lb-trans"><h4><strong>现在该怎么办</strong></h4>
</div><p>Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.</p>
<div class="lb-trans"><p>考虑继续持有良好的、非常长期的现有头寸。根据个人风险偏好，考虑由现金或国债或短期战术交易以及短期至中期对冲组成的保护带。这是一种保护自己并同时参与上涨的好方法。</p>
</div><p>You can determine your protection bands by adding cash to hedges. The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive. If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.</p>
<div class="lb-trans"><p>您可以通过将现金添加到对冲中来确定您的保护带。保护的高带适合年长或保守的人。保护的低带适合年轻或激进的人。如果您不对冲，总现金水平应高于上述所述，但显著低于现金加对冲的总和。</p>
</div><p>A protection band of 0% would be very bullish and would indicate full investment with 0% in cash. A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.</p>
<div class="lb-trans"><p>0% 的保护带将非常看涨，表示全额投资且现金为 0%。100% 的保护带将非常看跌，表示需要通过现金和对冲或激进的卖空进行积极保护。</p>
</div><p><strong>It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.</strong> When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks. High beta stocks are the ones that move more than the market.</p>
<div class="lb-trans"><p><strong>值得提醒的是，如果您没有足够的现金，就无法利用即将到来的新机会。</strong> 在调整对冲水平时，考虑调整股票头寸（非 ETF）的部分止损数量；考虑对剩余数量使用更宽的止损，并为高贝塔股票留出更多空间。高贝塔股票是指那些波动幅度大于市场的股票。</p>
</div><h4><strong>Traditional 60/40 Portfolio</strong></h4>
<div class="lb-trans"><h4><strong>传统的 60/40 投资组合</strong></h4>
</div><p>Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.</p>
<div class="lb-trans"><p>基于概率的风险回报调整考虑通货膨胀，目前并不支持长期战略债券配置。</p>
</div><p>Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less. Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.</p>
<div class="lb-trans"><p>那些希望坚持传统的 60% 股票和 40% 债券配置的人可以考虑仅关注高质量债券和五年期或更短的债券。那些愿意在投资中引入复杂性的投资者可以考虑将债券 ETF 作为战术头寸，而不是在此时作为战略头寸。</p>
</div><p>**</p>
<div class="lb-trans"><p>**</p>
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Pay Attention: Musk xAI-Nvidia Circular Deal, Oracle Report Shows Lower Margins on Renting Nvidia GPUs

- Oracle 近期 AI 基础设施租赁收入未达预期，毛利率仅 14%。  
- Nvidia 投资 20 亿美元于 Elon Musk 的 xAI，形成循环融资风险。  
- 投资者需关注现金保护带，以应对市场波动和潜在机会。  

注意：Musk xAI 与 Nvidia 的循环交易，Oracle 报告显示租用 Nvidia GPU 的利润率下降