Breakfast | NVIDIA hits a new all-time high for three consecutive days, and the application for the listing of Bitcoin spot ETF is approved.

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Market: Overnight and this morning

Bitcoin rose to $47,000 per coin, up 2.44% intraday. Ethereum broke through the $2,500 per coin mark, reaching its highest level since May 2022, with a 6.71% intraday increase.

S&P 500 hits a two-year high, Nasdaq rises for the fourth consecutive day, chip stocks retreat, Chinese concept stocks fall for the fifth consecutive day

The market is waiting for the release of heavyweight US inflation data and new clues on when the Federal Reserve may start cutting interest rates. The three major stock indexes closed higher for the second day this week, with the Nasdaq rising for the fourth consecutive trading day, up 0.75%. The S&P 500 rose 0.57% and the Dow Jones Industrial Average rose 0.45%. The Nasdaq Composite Index, weighted by market capitalization, rose 1.07%, reaching a new all-time high for the fourth consecutive day.

Most leading technology stocks rose. Tesla fell 0.4%, Meta rose nearly 3.7%, Microsoft rose nearly 1.9%, Amazon rose nearly 1.6%, Alphabet-C rose 0.9%, Apple rose nearly 0.6%, and Netflix fell nearly 0.8%. Nvidia rose nearly 2.3%, while Intel, TSMC, and Arm all fell more than 1% after an initial rise, and Micron Technology fell more than 1%.

iRobot fell nearly 20%, marking its largest single-day decline since January 2021. Media reports suggest that Amazon has abandoned a proposed settlement with the European Commission regarding its deal with US robotics company iRobot.

Popular Chinese concept stocks continued to decline overall. Li Auto fell more than 2%, NIO fell 2%, and XPeng fell more than 1%. Dada Group fell more than 5%, JD.com fell nearly 0.2%, Kingsoft Cloud and DouYu fell more than 3%, Tencent Music fell more than 1%, Alibaba and Pinduoduo fell nearly 0.9%, Bilibili fell nearly 0.7%, NetEase fell 0.5%, Baidu fell nearly 0.4%, and New Oriental rose more than 0.4%.

What happened to blue-chip stocks and hot stocks

OpenAI launches online store GPT Store

GPT Store was opened to paid ChatGPT users on Wednesday. It will collect chatbots created by users for various tasks. OpenAI also announced that it will launch a GPT Builder Revenue Program in the first quarter.

Intel releases two new mobile platform processors: Core 14th Gen HX and U series

HX corresponds to high-performance gaming laptop processors, while U series corresponds to low-power and lightweight laptop processors. Among them, the i9-14900HX has 8 performance cores and 16 efficiency cores.

Apple Watch may face another ban in the United States

The US International Trade Commission (ITC) has filed a lawsuit with the US Federal Circuit Court of Appeals, formally opposing Apple's motion to suspend the ban on the sale of Apple Watches.

SpaceX uses Starlink satellites to send text messages for the first time, plans to launch direct mobile services next year SpaceX announced that it successfully sent a text message via the Starlink satellite using the T-Mobile network. The company plans to offer D2D text services starting this year and expects to expand to voice, data, and IoT services by 2025.

Upgraded version of Tesla Model 3 launched in North America

Institution: GIK becomes the best-selling electric vehicle in the Russian market in 2023

Macro: Taking you around the world

Fed's Williams: Fed can cut rates when confident about reaching 2% inflation

The pace of rate cuts depends on the economic conditions; it seems that it is not yet time to slow down the balance sheet reduction, and the plan is to slow it down this year; the current interest rate level is already restrictive in achieving 2% inflation.

The probability of the Fed maintaining interest rates in February is 95.3%

According to CME's "FedWatch": the probability of the Fed maintaining interest rates in the range of 5.25%-5.50% in February is 95.3%, and the probability of a 25 basis point rate cut is 4.7%.

Goldman Sachs: Expects the Fed to slow down the pace of balance sheet reduction starting in May

Based on Dallas Fed President Lorie Logan's "cautious" remarks, Goldman Sachs analysts expect the Fed to reduce the monthly scale of US Treasury bonds from the current $60 billion to $30 billion starting in May.

Fitch: No longer predicts a recession in the US economy this year, predicts the Fed will cut interest rates three times this year.

The US Securities and Exchange Commission (SEC) approved the listing application of a Bitcoin spot ETF with a vote of 3 to 2, with Chairman Gensler, Commissioner Peirce, and Commissioner Mark Uyeda voting in favor.

SEC Chairman: Approving ETF does not mean endorsing Bitcoin

SEC Chairman Gensler stated that although some Bitcoin spot ETFs have been approved for listing and trading, it does not mean that Bitcoin has been approved or endorsed. Bitcoin is a speculative and highly volatile asset. The approval of Bitcoin spot ETFs will bring more regulation.

BlackRock: BlackRock's Bitcoin spot ETF (IBIT) approved by the SEC

IBIT seeks to track the price of Bitcoin and is expected to start trading on Nasdaq on January 11, 2024.

India intensifies crackdown on offshore cryptocurrency exchanges not registered locally

India has requested Apple to remove platform applications, including Binance, from its Indian App Store. It is reported that applications from 8 exchanges, including Bitfinex, HTX, and Kucoin, are no longer available on the Indian App Store.

Record-breaking bond sales in Europe this week, reaching 108 billion euros

Red Sea Crisis

Yemen's Houthi rebels claimed to have attacked US ships supporting Israel with ballistic missiles and drones; the UN Security Council demanded that the Houthi rebels immediately stop attacking ships. Media: Recently, some regions in China are planning to establish reserve ultra-long-term special national bond projects.