美债突降，美联储降息成悬念，美股四连阳狂飙 科技与航空板块爆发

Group 1 - The recent drop in the 10-year U.S. Treasury yield below 4% has significantly impacted global markets, indicating a potential shift in monetary policy towards interest rate cuts by the Federal Reserve [1][12] - The U.S. stock market has experienced a surge, with major indices like the Dow Jones, S&P 500, and Nasdaq rising for four consecutive days, driven by positive sentiment ahead of the Thanksgiving holiday [3][12] - The airline sector has gained particular attention due to increased travel demand and rising ticket prices, benefiting from the holiday travel peak [5] Group 2 - Labor market data shows a decrease in unemployment, but challenges remain for individuals seeking new jobs, contributing to a complex market sentiment [6][8] - The market is reacting to mixed economic data, with investors feeling more confident as they perceive that the economy is not in a downturn, allowing for potential monetary easing [8][12] - The performance of technology stocks has become more selective, with only companies demonstrating solid results, like Dell, receiving positive market recognition, while larger firms like Google and Meta face scrutiny [10] Group 3 - The Federal Reserve is facing internal divisions regarding interest rate cuts, but there is a growing sentiment for easing monetary policy, which has fueled market speculation [12][14] - Despite the stock market's rally, there are underlying risks, as companies like Workday face significant sell-offs if they fail to meet earnings expectations, indicating market volatility [14] - The current market enthusiasm is largely driven by confidence in consumer spending during the holiday season and expectations of AI-related orders, but it remains speculative until actual policy changes are implemented [16]