利空突袭！刚刚，全线暴跌！

Group 1: Solar Sector Impact - The U.S. solar sector experienced a significant decline, with Sunrun dropping over 42%, SolarEdge down over 26%, and Complete Solaria falling over 17% following the passage of a tax bill that may end various renewable energy subsidies [2][4][5] - The overall U.S. stock market remained in a narrow trading range, while the bond market faced ongoing turmoil, with the 30-year Treasury yield reaching 5.149%, the highest level since October 2023 [2][4] Group 2: Legislative Developments - The tax bill, which passed the House with a narrow margin, is projected to reduce taxes by over $4 trillion over the next decade and cut at least $1.5 trillion in spending, raising the U.S. debt ceiling by $4 trillion [5][11] - The bill's implications for the renewable energy sector could lead to a significant reduction in government support for green energy initiatives, impacting the financial outlook for companies in this space [5][11] Group 3: Economic Indicators - The Markit PMI data for May showed better-than-expected results, with manufacturing PMI at 52.3, services PMI at 52.3, and composite PMI at 52.1, indicating expansion in the U.S. economy [5][6] - Despite the positive PMI data, concerns remain about market sentiment and output growth, with warnings about potential supply shortages and price increases due to tariff-related issues [6] Group 4: Bond Market Dynamics - The bond market is facing a sell-off, influenced by weak demand in the 20-year Treasury auction, leading to a steepening yield curve [8][10] - Analysts suggest that large investors are shifting away from U.S. Treasuries to other safe-haven assets, which could increase the cost of U.S. debt and exert downward pressure on the dollar [10][11] Group 5: Future Outlook - There are warnings from financial institutions about the potential for increased volatility in the U.S. stock market, with a focus on Asian investor behavior as a key indicator [11][12] - Emerging markets are becoming a focal point for global investors seeking diversification and long-term returns, as the U.S. market shows signs of strain [12]