Group 1: Economic Measures and Policies - President Trump announced a $1,776 "warrior bonus" for 1.45 million active-duty military personnel, funded by an additional $2.6 billion from tariffs, benefiting approximately 1.28 million active and 174,000 reserve service members [2] - Federal employees will receive an unprecedented two additional days off for Christmas, creating a five-day holiday period, with the government closing on December 24 and 26 [3] - Trump signed an executive order to relax marijuana regulations, moving it from Schedule I to Schedule III, which will facilitate more clinical research and FDA reviews [4][6] Group 2: Housing and Drug Pricing Initiatives - Trump promised to unveil a housing reform plan to address the housing affordability crisis, while claiming inflation has "stopped" [7] - Major pharmaceutical companies, including Merck and GSK, agreed to voluntarily lower drug prices in exchange for tariff exemptions and regulatory relief, with Novartis committing to invest $23 billion in the U.S. over five years [7] Group 3: Political Context and Challenges - Trump's policy announcements come amid declining approval ratings, with Ipsos polling showing his support at 39%, and challenges related to rising living costs and the upcoming 2026 midterm elections [1][9] - The unemployment rate rose to 4.6% in November, the highest since October 2021, with approximately 7.83 million unemployed, indicating economic pressures that could impact the Republican party's control in Congress [8][9]

作为全球规模最大的非上市公司之一，SpaceX若推进IPO，其交易结构将极为复杂。虽然马斯克尚未选 定牵头银行，部分人士称，相关决定可能在今年年底前作出，完整的承销团名单或将在随后敲定。不 过，IPO计划仍取决于市场环境，SpaceX不排除推迟甚至放弃上市的可能性。 摩根士丹利与马斯克的合作历史深厚。该行曾参与2010年特斯拉的IPO，并在2022年为马斯克收购推特 (现更名为X)提供顾问服务并牵头融资。近期，马斯克还从摩根士丹利为该交易服务的团队中，任命银 行家Anthony Armstrong出任其人工智能公司xAI的首席财务官。 在上周发给员工的一份内部备忘录中，SpaceX首席财务官Bret Johnsen表示，公司正在为2026年的公开 上市做准备。他在邮件中写道，是否上市、何时上市以及估值水平仍高度不确定，但如果公司执行得当 且市场条件配合，IPO有望为公司筹集大量资金。 智通财经APP获悉，据知情人士透露，摩根士丹利(MS.US)正成为SpaceX潜在首次公开募股(IPO)中最具 竞争力的投行之一。由于与SpaceX首席执行官，特斯拉(TSLA.US)CEO马斯克长期保持密切合作关系， 摩根士丹 ...

美国总统特朗普在约24小时内接连推出多项惠民举措。他宣布向现役军人发放1776美元的"战士红利"， 史无前例地给联邦政府雇员额外增加两天圣诞假期，并签署了放松大麻监管、重启登月计划这些影响广 泛的行政命令。 这些举措正值特朗普面临支持率下滑和经济不确定性的双重压力。益普索（Ipsos）的民调显示，他的 支持率已跌至39%。共和党战略家Annalyse Keller对彭博电视台表示，共和党意识到在生活成本和中期 选举问题上面临挑战。 特朗普还承诺将很快公布一项住房改革计划。本周五，特朗普政府还宣布，包括诺华、默沙东在内的九 家医药巨头达成药价折扣协议。这些密集的政策发布被视为试图扭转不利舆论、为2026年中期选举造势 的努力。 住房、能源价格和生活成本问题预计将成为2026年国会中期选举的核心议题。如果共和党失去对国会一 院或两院的控制权，民主党将获得更大权力调查白宫，甚至可能对特朗普进行第三次弹劾。 向军人发放1776美元"战士红利" 特朗普在周三晚间的全国电视讲话中宣布，145万名军人将在圣诞节前获得1776美元的特别补贴，这一 金额象征美国建国年份。他将这笔款项称为"战士红利"，并表示"支票已经在路上"。 ...

Core Viewpoint - SpaceX's IPO plan may challenge the long-held "Musk premium" associated with Tesla stock, potentially reallocating funds that were previously concentrated in Tesla due to investor support for Musk's vision rather than the automotive business itself [1][2] Group 1: Tesla's Current Situation - Tesla's stock price has increased nearly 20% in the past month and has a year-to-date gain of over 27%, with a forward P/E ratio of approximately 220, ranking second among S&P 500 constituents [1] - Despite the rising stock price, Tesla faces concerns regarding slowing sales growth and declining profitability, compounded by a tightening regulatory environment and reduced consumer spending on automobiles [5] - Analysts express skepticism about Tesla's current valuation, with some stating it lacks fundamental support, leading to significant sell-offs by certain investment firms [5] Group 2: Impact of SpaceX's IPO - The potential IPO of SpaceX is expected to exert selling pressure on Tesla's stock, as some investors primarily hold Tesla shares to gain exposure to Musk's vision rather than its automotive business [6] - Conversely, historical trends suggest that significant milestones for Musk's companies can enhance market sentiment for related firms, potentially attracting more investors to the ecosystem [6] - Analysts note that Tesla's stock price has already been influenced by expectations surrounding SpaceX's IPO, highlighting strategic synergies between the two companies, such as Tesla's Optimus robot aiding Mars colonization and SpaceX's Starlink enhancing vehicle connectivity [6]

又到周五，又是普涨，看起来是比较好的结果，但我发现，情况并不是大家想的这样，本周应该是消费为主题，商业航天的传导并不是往科技方向走，而是 消费，加上科技今年涨了这么多，说不定明年的大主题又回到消费，可这个消息与传统的白酒、医药老登题材也不一样，依旧是小登定义的，比如商业航 天，你能想到是往消费方向靠吗？因为本周消费走强，成交量并没有放大，谁成了代价？我认为是科技，那怕CPO已经回到新高附近，但其它赛道完全无法 带起来，这也是本周沪指基本没动，但创业板还是下跌的原因。12月下旬是资金最紧张的周期，我觉得本周的规律下周依然适用，即从一周角度看，大部分 板块都是维持横盘为主，有涨起来的就会有跌下去的做对冲，或者从更镇定的月线级别看，可能11-12月本身就是一个休整，大家别被这种涨一天跌一天的 节奏带坏了，或者这也是量化资金存在的意义：主力明显已经在11月就跑了，但市场依然可以维持一个弱平衡，甚至到了市场冰点指数也没有大幅回落，是 不是很抽象？所以嘛，什么叫耐心资本？躺平了不动了就是耐心资本了吧？故，本周强调的多看海外或商品，其实是没有错的，因为没有人愿意静下来等方 向！ 中线策略分析：【整体情况】 今天市场看起来普 ...

格隆汇12月19日丨航天工程(603698.SH)公布,2025年12月19日，公司接到国创基金管理有限公司-国创投 资引导基金（有限合伙）和国创（北京）新能源汽车投资基金管理有限公司－北京国创新能源汽车股权 投资基金合伙企业（有限合伙）的通知，2025年12月11日至12月19日，国创基金通过大宗交易的方式减 持公司无限售流通股共计94.90万股，约占公司总股本的0.18%；新车基金通过大宗交易的方式减持公司 无限售流通股共计135.87万股，约占公司总股本的 0.25%；双方合计减持公司股份230.77万股，约占公 司总股本的0.43%。本次权益变动使双方合计所持公司股票比例由10.43%减少至10.00%，触及5%整数 倍。 ...

航天板块也受海外消息刺激走强，华体科技、神剑股份、西部材料2连板，大连重工、腾达科技、国机精工、大元泵业等先后涨停，陕西华达、 再升科技、广联航空、航天智装等集体大涨； 无人驾驶板块再度反复，浙江世宝4连板，威帝股份2连板，浙江美大、路畅科技、索菱股份等先后涨停，豪恩汽电、雷尔伟、经纬恒润、云意电 气等均涨超10%； 海南板块午后大幅反弹，海汽集团、海南发展、海南海药、海南瑞泽、中国中免（炸）先后涨停，康芝药业、神农种业、海峡股份、海南机场等 集体大涨； 此外，光纤概念、消费、福建等均有局部大涨表现，存储、CPO、福建高标股等跌幅居前。 1、行情 指数集体小幅收涨，市场迎来力度较弱的普涨行情。 题材方面，可控核聚变大幅高开，王子新材一字板，百利电气、中国一重、四创电子、雪人集团、宏微科技（20CM）等纷纷涨停，哈焊华通、 大西洋、国机重装、海陆重工、安泰高科等均高开或冲高； 截至收盘，沪指、深成指、创业板指分别收涨0.36%、0.66%、0.49%，市场超4400股上涨，仅900余股下跌。 2、核聚变 当地时间12月18日，特朗普媒体科技集团与美国核聚变能源企业TAE技术公司18日联合发布公告，宣布两家企业已 ...

随着SpaceX推进IPO计划，特斯拉股票长期以来享有的独特"马斯克溢价"或面临挑战。此前，投资者仅能通过持有特斯拉股票来间接参与马斯克 的科技愿景，而SpaceX的上市可能引发市场对"马斯克概念"资金的重新配置。 估值泡沫引发质疑 据彭博报道，SpaceX正计划进行内部股份出售，公司估值有望达到8000亿美元，将成为全球估值最高的未上市公司，其后续IPO亦可能创下历史 规模纪录。分析人士指出，SpaceX的上市或将对特斯拉股票形成一定的资金分流压力，部分持有特斯拉的投资者实则是基于对马斯克个人及其愿 景的认同，而非单纯看好其汽车业务。 值得注意的是，特斯拉股价在过去一个月已上涨近20%，年内累计涨幅超过27%。目前，特斯拉的远期市盈率（基于未来12个月预期收益）已升 至约220倍，在标普500指数成分股中排名第二，仅次于华纳兄弟。 投资者对SpaceX上市的影响看法不一。部分观点认为，新上市标的将直接分流原本集中于特斯拉的资金；也有分析指出，马斯克旗下公司的重要 里程碑事件，往往能够形成协同效应，提振关联企业的市场情绪与关注度。 尽管股价持续攀升，特斯拉的基本面表现却引发市场隐忧。公司正面临销售增速放缓、盈 ...

一、【早盘盘面回顾】 智通财经12月19日讯，市场早盘震荡走强，沪指高开高走，创业板指一度涨超1.5%。沪深两市半日成交额1.09万亿，较上个交易日放量421亿。盘面上热点 快速轮动，全市场近4700只个股上涨。从板块来看，大消费板块持续拉升，零售、乳业方向领涨，中央商场、庄园牧场等多股涨停。智能驾驶概念走强，浙 江世宝4连板。路畅科技4天2板。商业航天概念反复活跃，华体科技2连板。可控核聚变概念开盘表现强势，王子新材3天2板。下跌方面，影视院线概念走 弱，博纳影业大跌。截至收盘，沪指涨0.59%，深成指涨0.93%，创业板指涨0.99%。 个股来看，今日早盘涨停数量为59家（不包括ST及未开板新股），封板率为71%，连板股数量为12家，胜通能源6连板，浙江世宝4连板，中天服务、鹭燕医 药、庄园牧场、嘉美包装3连板，三湘印象、中央商场、上海九百、九牧王、华体科技、法狮龙2连板。 板块上，大消费反复活跃，零售板块再度走强，德必集团、大连友谊、东百集团、上海九百等个股涨停。 | | 商业零售 +3.82% + 自选 | | | 02 6 | | --- | --- | --- | --- | --- | | 股票 ...

Core Viewpoint - The market experienced a rebound with the Shanghai Composite Index rising by 0.36%, the Shenzhen Component Index increasing by 0.66%, and the ChiNext Index up by 0.49%. The trading volume in the Shanghai and Shenzhen markets reached 1.73 trillion, an increase of 704 billion compared to the previous trading day. [1] Market Performance - The market saw rapid rotation of hotspots, with nearly 4,500 stocks rising, although some high-position stocks like Dongbai Group and Pingtan Development faced significant declines towards the end of the trading session. [1] - The Hainan sector surged in the afternoon, with stocks like Hainan Haiyao and Hainan Qiche Group hitting the daily limit. [1][2] - The consumer sector remained strong throughout the day, particularly in retail and dairy, with stocks such as Shanghai Jiubai and Zhuangyuan Pastoral reaching the daily limit. [1][2] Sector Analysis - The Hainan sector is benefiting from the implementation of the Hainan Free Trade Port's full island closure operation, which is expected to attract new industries and increase consumer traffic, providing growth opportunities for businesses in the region. [2] - The consumer sector is supported by recent national policies aimed at expanding domestic demand, which are expected to accelerate the transformation and upgrading of the retail industry. [2] - The smart driving concept stocks saw renewed strength, with companies like Zhejiang Shibao and Luchang Technology hitting the daily limit, following the announcement of the first batch of L3-level conditional autonomous driving vehicle permits by the Ministry of Industry and Information Technology. [3][6] Individual Stock Performance - Over 4,400 stocks closed in the green, with nearly 100 stocks rising over 9%. The consumer sector continued its strong performance, with multiple stocks achieving consecutive limit-ups. [5] - The commercial aerospace sector remained active, with stocks like Xibu Materials and Shenjian Co. also hitting the daily limit, although some popular stocks faced adjustments. [5] Future Market Outlook - The market is expected to face a new round of directional choices, with the Shanghai Composite Index showing relative strength. The focus will be on whether it can maintain its position above the 30-day moving average. [7][8] - Structural opportunities are anticipated, emphasizing the importance of capturing the rotation rhythm among popular themes. [8]