美股点金丨AI交易暂时企稳，圣诞行情值得期待否？

Group 1 - The "Santa Claus rally" may experience volatility, with rising US Treasury yields posing a significant potential downside risk [1] - The US stock market initially declined due to fluctuations in the tech sector and growth concerns, but rebounded towards the end of the week driven by cooling inflation and positive corporate earnings [1] - The AI sector remains a focal point, with high valuations and funding concerns putting pressure on related stocks, while trading volumes are expected to decline towards year-end, increasing volatility risk [1] Group 2 - The US labor market data showed mixed results, with non-farm payrolls increasing by 64,000 in November, surpassing expectations, but the unemployment rate rose to 4.6%, the highest since September 2021 [2] - Core inflation rates eased, with November's core inflation at 2.6%, the lowest since early 2021, and consumer inflation expectations also declined [2] - The market's expectations for Federal Reserve rate cuts remain stable, with an 88% probability of a 25 basis point cut by April 2026 [3] Group 3 - Economic data released after the government shutdown supports the Federal Reserve's decision to cut rates, although there are concerns about the reliability of the data due to collection delays [4] - Job growth is slowing, with hiring concentrated in a few sectors, and inflationary pressures are easing as labor costs stabilize [4] - The AI sector has seen significant interest, with Micron Technology's stock rising nearly 20% after reporting strong earnings, indicating renewed investor optimism [5] Group 4 - Discussions about potential bubbles in the AI sector continue, with signs of a market peak emerging as volatility increases [6] - Concerns over the AI sector have led to a sell-off in tech stocks, affecting overall market sentiment, and low trading volumes are expected in the upcoming holiday-shortened week [6] - Seasonal trends suggest a bullish outlook for the market, but volatility may increase due to rising US Treasury yields [6]