Group 1 - The core viewpoint emphasizes that despite recent challenges to the "American exceptionalism," the U.S. stock market remains the most favorable investment option due to its free market structure, liquidity, sound financial regulation, and transparency [1] - The S&P 500 index has shown strong performance, with approximately 90% of companies reporting first-quarter earnings, revealing an average revenue growth of 5% and earnings per share growth of 14%, significantly exceeding the market expectation of 7% [1] - Current economic indicators, including credit card spending and unemployment claims, remain robust, supporting strong consumer spending [1] Group 2 - A major concern is the U.S. deficit consistently exceeding 6% of GDP, which could lead to market skepticism regarding U.S. credit reliability and potentially push the 10-year Treasury yield above 5%, putting pressure on stock valuations [2] - While the deficit raises investor concerns, it has not undermined the core systems that support the U.S. "exceptionalism," suggesting that the U.S. is likely to continue providing attractive long-term investment opportunities [2]

Core Insights - The cryptocurrency market is witnessing significant developments, particularly with Kraken launching its tokenized stock trading service "xStocks," allowing non-U.S. clients to trade popular stocks like Apple and Tesla in a tokenized format [2][3] - This move represents a shift towards the tokenization of real-world assets (RWA), redefining the relationship between traditional securities and tokens, and providing decentralized market access to traditional assets without relying on conventional exchanges [2][3] Group 1: Market Developments - Kraken's xStocks operates on the Solana blockchain, with Backed Finance ensuring a 1:1 peg between tokens and underlying stocks, allowing for cash redemption at any time [3] - The total market capitalization of U.S. stocks is approximately $52 trillion, accounting for over 45% of the global stock market [3] - Other platforms like Bybit are also entering the market, supporting USDT trading for 78 global quality stocks, indicating a growing trend in tokenized stock offerings [3] Group 2: Implications for Traditional Finance - The tokenization of U.S. stocks could diversify financing channels for companies, attracting global investors beyond traditional financial markets [4] - This trend poses challenges to traditional financial institutions, particularly in underwriting services, as companies may rely less on investment banks for capital raising [4] - Increased market volatility is anticipated due to extended trading hours and a broader participant base, which may lead to more frequent price fluctuations [4] Group 3: Regulatory and Operational Considerations - The emergence of tokenized stocks highlights the need for robust regulatory frameworks and operational mechanisms to ensure asset rights and prevent issues like price manipulation [5][6] - The collapse of FTX serves as a cautionary tale regarding the credibility of trading platforms and the importance of understanding the underlying asset mapping mechanisms [6] - Investors are advised to assess the credibility of platforms and ensure compliance with legal standards to mitigate risks associated with tokenized assets [5][6] Group 4: Future Trends - The global market for tokenized assets is projected to reach $16 trillion by 2030, with securities playing a significant role [4] - The rise of stablecoins, which are backed by low-risk assets like U.S. Treasury bonds, is expected to further integrate digital currencies into global financial transactions [8][9] - The interplay between stablecoins and tokenized stocks may reshape the competitive landscape of finance, emphasizing the need for a reliable and low-friction RWA ecosystem [7][9]

大型科技股普涨， 特斯拉股价大涨近7%，市值一夜增加759亿美元（约合人民币5461亿 元）。 据央视新闻报道，当地时间5月24日，马斯克在社交媒体X平台发文称，他目前已回归 全天候工作状态。 | 名称 | 现价 | 涨跌幅一 | | --- | --- | --- | | 特斯拉(TESLA) | 362.890 | 6.94% | | TSLA.O | | | | 英伟达(NVIDIA) | 135.500 | 3.21% | | NVDA.O | | | | 谷歌(ALPHABE ... | 173.980 | 2.59% | | GOOG.O | | | | 苹果(APPLE) | 200.210 | 2.53% | | AAPL.O | | | | 亚马逊(AMAZON) | 206.020 | 2.50% | | AMZN.O | | | | 脸书(META PLA... | 642.320 | 2.43% | | META.O | | | | 微软(MICROSO ... | 460.690 | 2.33% | | MSFT.O | | | 美股压力难消 美国经济已经在高利率、高增长、通胀中枢抬 ...

美股三大股指期货波动不大，白宫经济委员会主任Hassett表示，部分国家的关税可能降至10%或更低。 ...

美股三大股指期货周一小幅低开。现货黄金周一低开4美元，报3351.99美元/盎司。美、布两油周一基 本平开，分别报61.5美元/桶和64.36美元/桶。 ...

美股股指期货短线走高，道指期货涨0.37%，标普500指数期货涨0.43%，纳指期货涨0.48%。 ...

Market Overview - US stock market opened significantly lower, with the Dow Jones down 1.12%, Nasdaq down 1.59%, and S&P 500 down 1.24% [1] Technology Sector - Major tech stocks experienced declines, with Nvidia, Amazon, Intel, TSMC, AMD, and Meta all falling over 2% [1] - Apple saw a drop of over 3%, influenced by Trump's threat to impose a 25% tariff on the company if iPhones are not manufactured in the US [1] Company Specifics - Miniso's stock plummeted over 19% after reporting Q1 adjusted net profit significantly below expectations [1]

金十数据5月23日讯，美股三大股指低开，道指跌1.1%，标普500指数跌1.2%，纳指跌1.5%。科技股全 面走低，苹果(AAPL.O)跌3.3%，特朗普威胁对苹果征税。英伟达(NVDA.O)跌2.2%，亚马逊(AMZN.O) 跌2.2%，特斯拉(TSLA.O)跌1.4%。罗斯百货跌超8%，公司撤回年度指引。 美股大幅低开 苹果跌3% ...

欧股持续走低，德国DAX指数、西班牙IBEX35指数日内跌幅达2%。美股三大股指期货均跌超1%。 ...

美股三大股指持续走低，纳指期货和标普500指数期货均跌至0.5%。 ...