Core Viewpoint - The recent drastic price drop of Labubu blind boxes in the secondary market highlights the cyclical nature of capital speculation, transitioning from hype to collapse [1] Group 1: Product Overview - Labubu is a plastic doll from Pop Mart, marketed as a blind box collectible [3] - The product was previously sold at inflated prices, with individual dolls fetching up to ten times their original price due to perceived scarcity [3] Group 2: Market Dynamics - The price collapse was triggered by a sudden large-scale restock during the 618 shopping festival, which shattered the illusion of scarcity [3][4] - The brand employed a strategy of "hunger marketing" combined with periodic restocking to create initial scarcity and drive up market interest [4] Group 3: Speculation and Consumer Behavior - Speculators and middlemen exploited information asymmetry and technology to hoard products, misleading consumers about their investment value [4] - The true production cost of the dolls is relatively low, indicating that the perceived value is artificially constructed [5] Group 4: Investment Insights - The article warns against investing in products driven by speculative hype rather than intrinsic value, emphasizing the importance of companies with genuine innovation and brand strength [5] - The collapse of Labubu's prices serves as a reminder that speculative bubbles inevitably burst, reinforcing the principle that detached speculation from actual value leads to failure [5]

Group 1 - The core viewpoint is that the price of Moutai has significantly dropped, marking the end of its previous inflated status, with wholesale prices falling below 2000 yuan and reaching a historical low of 1990 yuan [2] - In just 19 days, Moutai's market capitalization evaporated by nearly 200 billion yuan, indicating a substantial correction from years of speculative trading [2] - The current inventory of Moutai has reached 70 million bottles, suggesting a long and challenging process to digest this excess supply [2] Group 2 - The decline in Moutai's price is attributed to changes in consumer demographics and market conditions, particularly the exit of the middle-aged consumer group who previously drove sales through business and official banquets [3] - The implementation of anti-corruption measures and alcohol bans has made middle-aged consumers wary of purchasing Moutai, fearing repercussions for drinking in public settings [3] - Younger consumers are increasingly rejecting Moutai in favor of lower-alcohol beverages like milk tea and fruit wines, viewing Moutai as outdated and disconnected from their preferences [3] Group 3 - The price drop of Moutai could potentially open new sales avenues if it returns to a more reasonable level, making it accessible to a broader audience [5] - The current market situation reflects a significant shift, signaling the end of an era for Moutai [5] Group 4 - Moutai's attempts to attract younger consumers through products like Moutai ice cream and coffee have failed due to high prices and poor taste experiences, leading to negative consumer feedback [7]

随着官方一次超预期的发售，Labubu正经历从数十倍溢价抢购，到二手价格一夜间腰斩，市场对泡泡玛特的情绪也从狂热追捧急转为抛售。 仅仅一周前，Labubu还是"一娃难求"，黄牛凭借抢单软件垄断货源，转手溢价10至30倍仍不乏买家。而6月18日至19日形势发生了戏剧性的逆转。 6月18日晚间，泡泡玛特官方小程序以前所未有的力度对Labubu"前方高能"系列进行补货，并首次开放了线上预售通道。 官方的"慷慨"瞬间引爆了二手市场，根据潮玩二手交易平台的数据，Labubu系列价格普遍暴跌约50%。 市场也开始对该IP热度持续性产生质疑，有投资者认为Labubu会重蹈暴力熊覆辙，受消息影响泡泡玛特股价19日跌超5%，20日又下跌3.6%。 一次"例行补货"让黄牛从暴利到亏麻 6月18日，泡泡玛特的一次"例行补货"引发了二手市场的地震。 数据显示，这次补货让二手价格雪崩：根据潮玩二手交易平台的数据， Labubu系列价格普遍暴跌约50%。 此前被炒至1500元乃至2800元一盒（6个盲盒）的整盒回收价，断崖式下跌至650-800元区间。即便是稀有的隐藏款"本我"，价格也从4600元高位跌至2800元 附近，跌幅超过38% ...

（原标题：和讯投顾刘天娇：稳定币，大涨！） 近期，稳定币在市场整体表现不佳的情况下逆势走强，龙头股一分钟内1.7亿爆量封板，引发了市场的 广泛关注。这背后究竟是哪位游资大佬的操作？稳定币的炒作热度居高不下，目前炒作的焦点已经来到 了RWA（现实世界资产）和数据确权环节。 除了安妮股份，产业链中还有其他相关公司。例如，蚂蚁集团通过蚂蚁新能将光伏运营收益权转化为链 上数字凭证；协鑫集团与蚂蚁集团合作，参与光伏运营收益权的链上转化；沃尔玛则通过发行稳定币， 用于商品交易及盈利凭证的链上交易。这些公司在RWA领域的布局和实践，为市场提供了新的投资方 向和机会。但投资者在参与时需要谨慎，关注公司的业绩支撑和市场环境的变化。 RWA的中文名是"现实世界资产"，其核心逻辑是通过区块链技术将实体资产（如房产、债券、商品 等）转化为链上的数字凭证。这一过程有点类似于链版的资产证券化，例如，蚂蚁集团和协鑫集团成立 的蚂蚁新能，就是将光伏运营的收益权转化为链上的数字凭证供投资者买卖。海外商超沃尔玛也发行了 稳定币，用于自家商品的交易，并将公司盈利打包成凭证在链上交易。这种模式的玩法多样，核心理念 是"万物皆可上链"。 在RWA的运 ...

6月19日，连续等待多天的这个变盘选方向，今天终于给出来了，只不过是给到的是大部分人都不愿意 见到的向下。今天市场的话呢呃又是4000多家待涨，走得很弱。和讯投顾李炜觉得接下来可能从策略上 需要小幅度的呢降低一下交易的这个预期。前面我也跟大家聊到过，最近的这个小变盘，呢就是围绕这 个区间看看它是上方强势的这种震荡，完了之后去冲击3417，还是去寻求这个宽幅震荡的下轨3330去寻 求支撑。那么这儿既然选择向下，那接下来其实就是耐耐心心的等一等，看看到3430左右，有没有止跌 的这个低吸的机会，节奏上的话呢可能相对的难熬了一点啊难熬一点。因为他有可能他会明天就开始给 修复，给修复的话呢就是围绕中轨这儿来回再震一震，再磨一磨时间就是走得极其的慢，结构上也走得 极其的慢，上也上不去，下也下不来这种状态。所以大家也就意味着针对于一些热门板块也好，针对于 个股的这个买点定位也好，适当的呢就是又要回归到比市场节奏慢半拍，或者是慢一拍的这种状态当 中。 （原标题：和讯投顾李炜：向下变盘！明天怎么走？） 那那两个概念呢我觉得强度已经有所下降，虽然数字货币虽然稳定，币强度也有下降，但是这里面的话 呢目前还是以强势视角，啊目前还是 ...

Group 1 - The convertible bond market is experiencing a "new bond frenzy" due to the scarcity of new issues, highlighted by the strong performance of Hengshuai Convertible Bond, which surged 57.30% on its first day and a total of 88.76% in two days [1][2] - Hengshuai Convertible Bond's strong debut reflects the increasing scarcity of convertible bonds in the market, leading to intense competition for new issues among investors [1][2] - The underlying stock, Hengshuai Co., primarily engages in the research, production, and sales of automotive micro motors and related products, showing steady revenue growth from 331 million yuan in 2019 to an expected 962 million yuan in 2024 [3] Group 2 - The issuance scale of Hengshuai Convertible Bond is relatively small, with a total fundraising of 327 million yuan, which has contributed to its popularity among investors [4] - The convertible bond market is seeing an increase in supply with several new issues launched in June, but the overall market size is still declining due to the accelerated exit of bank convertible bonds [6][7] - The supply of bank convertible bonds has significantly decreased, from nearly 300 billion yuan at its peak in 2023 to about 150 billion yuan currently, leading to a shift in market structure and a search for alternative investments by institutional investors [6][7]

Core Viewpoint - The significant discrepancies in the earnings forecast and earnings report of HeDa Technology necessitate regulatory investigation to uncover potential issues related to internal controls and market manipulation [1][4]. Group 1: Earnings Forecast and Adjustments - On January 24, HeDa Technology announced an expected net profit of approximately 5 million to 7 million yuan for 2024, indicating a turnaround from losses [2]. - The company later revised its forecast on March 31, correcting the expected net profit to -563.6 million yuan, a decrease of 1,092.78 million yuan, representing a decline of 206.50% [2]. - The final annual report confirmed the net profit of -563.61 million yuan, consistent with the revised forecast [2]. Group 2: Stock Price Movements - HeDa Technology's stock price rose from 9.72 yuan on January 13 to a peak of 16.16 yuan on March 7, marking a significant increase of 66.26%, which outperformed the Shanghai Composite Index's 9.49% rise during the same period [3]. - Following the earnings correction, the stock price fell to a low of 9.86 yuan by April 9, reflecting a decline of 38.99%, which was substantially greater than the Shanghai Composite Index's 11.58% drop [3]. Group 3: Investor Impact and Regulatory Need - The fluctuations in HeDa Technology's stock price resulted in unintended gains for investors during the initial rise and subsequent losses during the decline, closely tied to the company's earnings announcements [4]. - The potential for market manipulation, insider trading, and information leakage raises concerns that cannot be resolved solely by the company's response, highlighting the necessity for regulatory investigation [4].

LABUBU的价格越来越离谱了。 继一只天蓝色LABUBU拍出108万的天价后，二手平台上的部分热门限量款玩偶已经来到了3-4万的价格带，直逼茅台。普通三代盲盒的隐藏款也能卖到 4000元左右。 一个LABUBU飞升了，千万个"待爆"丑娃紧随其后。 这些丑娃顶着"下一个LABUBU"的名号，在互联网上掀起"什么时候爆火"的猜测，被网友和黄牛寄予厚望。 他们IP来源不同、公司不同、特色不同，唯一的共同点是：价格在一周内暴涨，火得无迹可寻。 其中一类"待爆"娃，试图和LABUBU比谁更丑。比如LABUBU新同事、泡泡玛特新IP"Crybaby哭娃"，一个隐藏款"初生白"盲盒最近在二手平台上炒到了 3333元，被网友评选为"下一个LABUBU"比赛中的有力竞争者。 不久前在商场购物时，Lisa被拍到在她的LV包上挂了一只粉红色的哭娃玩偶。随后，Lisa在社交媒体上分享了自己在哭娃曼谷快闪店的照片，称哭娃"稀 有又难找"。于是哭娃一举从"冷门IP"跃升为成取代LABUBU的"Lisa新宠"。 "哭"是这个玩偶的独特卖点。 哭娃由泰国女性艺术家Molly创作于2017年，形象灵感源于Molly逝去的黄金猎犬，两滴大泪珠 ...

Group 1 - The core viewpoint of the article highlights that the growth quality of U.S. soybeans is not meeting market expectations, which may impact future pricing and trading strategies in the soybean futures market [1] - The Environmental Protection Agency (EPA) has proposed a biofuel blending mandate that exceeds market expectations, potentially providing additional upward momentum for soybean futures [1] Group 2 - The combination of subpar soybean growth quality and a favorable EPA proposal suggests that there remains potential for price increases in the soybean futures market [1]

Labubu太火了！ 6月15日，多位网友发视频称，浙江杭州西溪天街泡泡玛特新店当天开业， 但仅两小时商品就 被买完，提前关门，消息冲上热搜榜首。 据极目新闻报道，15日晚，杭州西溪天街工作人员表示，该商场本应是上午10点开门，但因 大量顾客冒雨提前排队，于是9点多商场就提前开门了，所有保安都去维持秩序。因为泡泡玛 特店顾客蜂拥而至十分疯狂， 存在安全隐患，于是在11点多提前关门了 ，商场其他门店正常 营业。 对于这家泡泡玛特是不是被黄牛买光了产品才提前关门，上述工作人员表示并不清楚，也无 法辨别顾客中谁是黄牛，尚不了解该泡泡玛特门店何时重新开业。 以前炒茅台的黄牛改炒拉布布 Labubu几乎全线溢价。 网上平台显示，限量发售的VAS联名款炒至 15200元 ，溢价数十倍，冷门款也大幅溢价。 ale 春天野在家-搪 胶毛绒公仔 有网友称，杭州这家泡泡玛特新店开门后， 一批疑似黄牛人员迅速涌入并"端盒" （整盒购买 全部款式），导致普通消费者无法购得商品，两小时后门店就关了。还有现场顾客透露， 排 了4小时队。 CLOSE TO SWEET 搪胶 ·· 0 ¥779 Catch Me If You Like M ...