Group 1 - Concerns regarding the job market have increased, leading to a renewed stock-market selloff [1]

Core Viewpoint - The recent pullback in Asian stock markets appears to be a direct reaction to the decline in U.S. technology stocks, particularly affecting tech-heavy indices in Asia like the South Korean market [1] Group 1: Market Reaction - Asian markets, especially those dominated by technology, have shown strong performance recently, leading to larger losses when market sentiment shifts [1] - The potential for continued declines in Asian markets is questioned, particularly if U.S. tech stock sell-offs intensify [1] Group 2: Valuation Comparison - Despite the recent pullback, Asian valuations remain relatively low compared to the U.S., which may limit the downside potential for a global market downturn [1]

Group 1 - The US stock market indices (S&P 500, Nasdaq 100, Dow Jones, Russell 2000) reached historical highs, a rare occurrence that has only happened 25 times this century [2] - The US dollar index rebounded for the second consecutive day, while gold prices fell significantly, dropping a total of $60 over two days [3] - The market is currently pricing in a combination of interest rate cuts and no economic recession, although this scenario may be overly optimistic [4] Group 2 - There is a risk accumulation as both the dollar and US Treasury yields rise; if the 10-year Treasury yield surpasses 4.2%-4.3%, it could trigger a stock market sell-off [5] - Investors are reacting to Federal Reserve Chair Jerome Powell's comments, with an increased probability of rate cuts in 2025 and a decreased probability in 2026 [5] - An important phone call is anticipated at 21:00 Beijing time, which may influence market sentiment [6] Group 3 - The report highlights potential future movements in various markets, including the RMB, A-shares, gold, US stocks, oil, and Bitcoin, with precise target points for the next 1 to 3 years [7][9] - There is a discussion on the paradox of a slowing economy alongside a soaring stock market, suggesting that the market is pricing in an unrealistic scenario [9] - An exclusive operational manual is provided, indicating when to enter or exit positions in US stocks, US Treasuries, the dollar, and gold [9]

Core Viewpoint - The Israeli stock market is experiencing a sell-off that has lasted for six consecutive trading days, marking the longest decline in 18 months, driven by investor concerns over the economic impact of the Gaza conflict [1] Group 1: Market Performance - The Tel Aviv Stock Exchange's TA-35 index fell by 1.8%, resulting in a cumulative decline of 4.3% since September 9 [1] - Despite the ongoing withdrawal of stock investors from the market, the Israeli shekel and US dollar bonds have shown little volatility [1] Group 2: Trade Relations - The European Commission proposed to suspend Israel's preferential trade treatment, meaning Israel will face the same tariff rates as countries without trade agreements with the EU [1] Group 3: Political Context - Israeli Prime Minister Benjamin Netanyahu acknowledged the country's isolation and emphasized the need to rely on its own resources to withstand potential sanctions [1]