凌晨1:00，加速下跌，世界被骗了

Group 1 - The market showed signs of a "silent retreat" despite a seemingly calm close, with Bitcoin testing critical support levels and institutional leverage quietly withdrawing [2] - The 10-year U.S. Treasury yield rose to 4.14%, marking the largest weekly increase since April, indicating a disconnect between long-term rates and market sentiment [2][3] - Gold prices fully retraced gains, with significant selling pressure observed before the weekend, suggesting institutional selling rather than retail activity [2] Group 2 - The S&P 500 index nearly retraced all gains, failing to reach new highs, reflecting a potential emotional peak in market sentiment [3] - A notable sell-off occurred during a low liquidity period, indicating active selling by large funds rather than passive market reactions [3] - Positive inflation indicators initially boosted market sentiment but failed to generate new buying interest, signaling a potential turning point for the market [3] Group 3 - A report titled "Global Market Strategy: 2026 Outlook" highlights the significance of the Federal Reserve's leadership change and its potential impact on the market and dollar [4] - The report includes a three-year outlook on the dollar, providing insights into potential turning points and a complete cycle roadmap [4] - Goldman Sachs' year-end stock selection letter identifies seven favored Chinese stocks and includes a list of preferred stocks in the Asia-Pacific and U.S. markets [5]