股市最近写了很多，还有疑问的或者没看到文章的， 资料都放在了咱私密群里 。 临近年尾了，金融圈却震荡的更厉害了，上演一场"全线大逃杀"。 特朗普的关税大棒、地缘政治的阴霾，还有那估值泡沫戳破的响亮声，让抛售情绪像野火般四处蔓 延…… 今天聊聊 最扎眼的比特币、科技股和黄金。 1 从"信仰"到"恐慌"，全球开始抛售比特币！ 这回真撑不住了，没什么能挡得了比特币的颓势！ 比特币周四跌破10万美元后，一度暴跌约4%至9.8万美元； 昨天更厉害，直接砸穿9.6万，低点比前天更低。 比特币已进入确定性熊市！ 自上月12.5万美元的历史高位，已跌逾20%，市值蒸发超过4500亿美元。 美联储降息预期凉凉、新一轮避险情绪高烧、科技股集体跳水…… 把市场推入"脆弱模式"。 接连爆仓、信心重挫！ 1 0月11日，比特币24小时内重挫13% ， 单日全网爆仓额达193.58亿美元，约166万交易者被强平。 10月17日再度下跌，24小时内又有超20万人爆仓 ； 11月13日，比特币价格出现单日暴跌，跌幅超过8% ； 当天，全网加密货币合约市场共有超过15万投资者被爆仓，爆仓总金额超过60亿美元； 要知道，在任何市场，信心大于一切 ...

Core Viewpoint - The cryptocurrency market, particularly Bitcoin, is experiencing significant declines while traditional tech stocks are rebounding, highlighting a stark contrast in market behavior and sentiment [1][3][4]. Group 1: Market Performance - On November 14, the U.S. stock market saw a dramatic reversal, with the Nasdaq and S&P 500 indices rebounding after initial panic selling, while Bitcoin fell 5%, dropping below $94,000, marking a six-month low [1][4]. - Bitcoin has now declined for three consecutive weeks, with a total market cap loss exceeding $1 trillion since the October 10 flash crash [3][8]. - The Nasdaq 100 index and S&P 500 index rebounded strongly after hitting key support levels, while Bitcoin's performance diverged negatively from these indices [4][8]. Group 2: Bitcoin Market Dynamics - Bitcoin's correlation with the Nasdaq 100 remains high at 0.8, but it exhibits a "larger drop and weaker rise" characteristic, indicating a lack of upward momentum despite market recoveries [11][14]. - The cryptocurrency market is facing extreme pessimism, with the fear and greed index dropping to 15, the lowest level since February, suggesting a potential for further declines [15][18]. - Long-term holders have sold approximately 815,000 Bitcoins in the past 30 days, the highest level of selling activity since early 2024, indicating a significant shift in market sentiment [20][21]. Group 3: Institutional and Retail Investor Behavior - ETF trading activity has surged, accounting for 37% of the day's trading volume, significantly higher than the 27% average for the year, reflecting a strong interest in tech stocks [7]. - The outflow from Bitcoin ETFs has reached $311.3 million this week, marking the fifth consecutive week of net outflows, totaling $2.6 billion over the past five weeks [21]. - The Trump family's investments in cryptocurrency-related assets have also suffered, with declines of approximately 30% since Bitcoin's peak on October 5 [24][25].

Core Viewpoint - The recent volatility in the US stock market, particularly among technology stocks, is attributed to valuation concerns and changes in Federal Reserve interest rate expectations [3][4]. Group 1: Market Volatility - The US stock market experienced significant fluctuations, with the Dow Jones dropping over 300 points and previously falling 800 points, while the Nasdaq showed slight recovery [1]. - The core issues driving this volatility are the high valuations of technology stocks and the uncertainty surrounding the Federal Reserve's interest rate policies [3]. Group 2: Impact on A-shares - Short-term sentiment in the A-share market may be influenced by US market movements, but the long-term fundamentals are driven by domestic economic recovery, policy support, and corporate earnings [4]. - The underlying logic of the US market differs from that of the A-share market, suggesting that A-shares do not need to react to short-term fluctuations in the US market [4]. Group 3: Investment Strategy - Long-term investors should focus on industry trends and company fundamentals rather than short-term market fluctuations, viewing recent volatility as a potential buying opportunity [5]. - Investors are encouraged to monitor controllable factors such as domestic policies and economic data, while maintaining patience and avoiding panic during market fluctuations [5].

大型科技股涨跌互现，万得美国科技七巨头指数涨0.35%。个股方面，英伟达涨超1%，微软涨逾1%，特斯拉涨0.59%；亚马逊跌超1%，谷歌跌0.78%，苹 果跌0.2%，脸书跌0.07%。 周五（11月14日），美国三大股指收盘涨跌不一。截至收盘，道指跌0.65%报47147.48点，标普500指数跌0.05%报6734.11点，纳指涨0.13%报22900.59点。 | 道琼斯 | 纳斯达克 | 标普500 | | --- | --- | --- | | 47147.48 | 22900.59 | 6734.11 | | -309.74 -0.65% | +30.23 +0.13% | -3.38 -0.05% | | 中国金龙指数 | 纳指100期货 | 标普500期货 | | 7855.22 | 25147.50 | 6765.25 | | -128.72 -1.61% | +52.75 +0.21% | +5.25 +0.08% | 银行股多数下跌，摩根大通跌近2%，高盛跌近2%，花旗跌0.37%，摩根士丹利跌超1%，美国银行跌0.53%，富国银行涨0.41%。 能源股集体上涨，埃克森美孚涨超1%，雪佛 ...

来源：证券时报e公司 人民财讯11月15日电，当地时间11月14日，美股三大指数收盘涨跌不一，道琼斯指数跌0.65%，纳斯达 克综合指数涨0.13%，标普500指数跌0.05%。科技股涨跌不一，甲骨文涨超2%，微软、英伟达涨超 1%，奈飞跌超3%，英特尔跌超1%。SanDisk反弹涨逾4%，盘中一度涨约11%；美光科技涨逾4%。热门 中概股多数下跌，纳斯达克中国金龙指数收跌1.61%。富途控股跌超7%，小鹏汽车跌超5%，阿里巴巴 跌超3%。 ...

Core Viewpoint - The technology sector in the U.S. continues to experience a downward trend, significantly impacting major stock indices, with the Nasdaq Composite Index dropping over 1.6% [1][2]. Market Performance - As of the latest report, the Dow Jones Industrial Average is at 46,957.63, down 499.59 points (-1.05%); the Nasdaq is at 22,498.81, down 371.55 points (-1.62%); and the S&P 500 is at 6,659.34, down 78.15 points (-1.16%) [2]. - Major tech stocks are also declining, with Nvidia down 2.12%, Tesla down nearly 4%, and Google down 2.49% [2][3]. Technology Sector Analysis - The U.S. Technology Seven Index fell by 3.2% last week and 0.7% in the first four trading days of this week. Nvidia has seen a nearly 10% pullback from its recent highs, while Tesla has dropped 12% this month, and Meta has retreated over 20% since its peak in August [4]. - CoreWeave, considered a shadow stock of Nvidia, has plummeted over 40% this month, raising concerns about its business model and reliance on Nvidia's support [4]. Institutional Perspectives - Citigroup has significantly reduced its holdings in major tech stocks like Nvidia, Microsoft, Apple, and Amazon, while increasing bearish positions on small-cap stocks [6]. - Conversely, JPMorgan's top holdings still include major tech companies, with Nvidia being its largest position, having increased its holdings by 5.63% [6]. - Wells Fargo has continued to buy tech stocks, with its top five purchases including Apple, Google, and Nvidia [6]. Earnings Outlook - Nvidia is set to release its quarterly earnings on November 19, which is expected to have a substantial impact on its stock price and the broader market [7]. - Citigroup has maintained a "buy" rating on Nvidia, raising its target price from $210 to $220 per share, citing ongoing demand for AI chips despite concerns about funding sources [7]. Economic Context - The recent government shutdown has created a data vacuum, complicating the Federal Reserve's decision-making regarding interest rate cuts, with the probability of a December rate cut dropping from 90% to about 50% [8][9]. - Federal Reserve officials have expressed caution regarding potential rate cuts, emphasizing the importance of upcoming economic data [9].

| 代码 | 名称 | 现价 | 涨跌 | 涨跌幅 ▲ | | --- | --- | --- | --- | --- | | TSLA | 特斯拉(TESLA) | 386.150 | -15.840 | -3.94% | | GOOG | 谷歌(ALPHABET)-C | 272.160 | -6.960 | -2.49% | | NVDA | 英伟达(NVIDIA) | 182.890 | -3.970 | -2.12% | | META | 脸书(META PLATFORMʻ | 601.010 | -8.880 | -1.46% | | AMZN | 亚马逊(AMAZON) | 235.145 | -2.435 | -1.02% | | MSFT | 微软(MICROSOFT) | 498.650 | -4.640 | -0.92% | | AAPL | 苹果(APPLE) | 271.030 | -1.920 | -0.70% | 美股科技股仍然没有止跌态势。 当地时间周五（11月14日）美股开盘，科技板块延续近期跌势，拖累美股大盘指数下跌。截至记者发稿，道指、纳指、标普 500指数跌幅均超过1% ...

Core Viewpoint - The cryptocurrency market is experiencing a significant sell-off, with Bitcoin dropping below $100,000 and Ethereum falling over 10%, indicating a bearish trend influenced by external market pressures and declining institutional interest [1][2][4]. Market Performance - On November 14, Bitcoin fell by 7.06% to $95,658, while Ethereum dropped by 8.86% to $3,142.50. Other cryptocurrencies like Solana and XRP also saw declines exceeding 10% and 9% respectively [2][3]. - The total liquidation in the cryptocurrency market reached approximately $1.38 billion within 24 hours, affecting over 280,000 traders, with long positions accounting for $1.22 billion of the liquidations [3][4]. Market Sentiment - Analysts suggest that the cryptocurrency market has entered a confirmed bear market phase, with key indicators showing a decline in institutional investment and a lack of interest from retail investors [4][5]. - The next critical support level for Bitcoin is identified around $93,000, reflecting a significant shift in market sentiment [4][6]. Economic Context - The sell-off in cryptocurrencies is correlated with a broader decline in U.S. stock markets, particularly in technology stocks, as traders reassess the Federal Reserve's interest rate policies amid mixed economic signals [5][7]. - Recent comments from Federal Reserve officials have shifted market expectations regarding potential interest rate cuts, with the probability of a 25 basis point cut in December dropping to around 52.1% from previous highs of nearly 95% [7][8]. Derivatives Market - There is a notable increase in demand for put options with strike prices below $100,000, indicating heightened risk aversion among investors [6].

格隆汇11月14日｜随着美国政府重新开放，华尔街转向更安全的资产，推动美国国债收益率和美元走 低，但市场仍在科技股紧张情绪中等待经济指标。今天，10月份生产者价格指数和零售销售数据被推迟 发布。根据芝商所的数据，虽然很多投资者押注美联储将在12月降息，但暂停降息的几率也几乎持平。 过去几天科技股的抛售似乎将继续。 ...

Market Overview - The A-share market showed weakness today, influenced by a drop of over 2% in the Nasdaq, with the Shanghai Composite Index closing at 3990.49 points, down 0.97% [1] - The Shenzhen Component fell by 1.93%, and the ChiNext Index dropped by 2.82%, with more than 3300 stocks declining [1] - Trading volume in both markets was below 2 trillion yuan, indicating a lack of activity [1] Sector Performance - Only sectors such as oil and petrochemicals, real estate, banking, and pharmaceuticals showed resilience, while other sectors, particularly AI, communications, and chips, experienced significant declines [1] - The recent fluctuations in the global market have led to a cautious sentiment among domestic investors, raising concerns about whether A-shares will follow the downward trend of overseas markets [1][2] Economic Indicators - Key credit indicators like social financing have shown mediocre performance, indicating a lag in the recovery of confidence in the real economy [5] - In October, new RMB loans amounted to 220 billion yuan, a decrease of 280 billion yuan year-on-year, while social financing increased by 815 billion yuan, down 597 billion yuan year-on-year [5] Investment Sentiment - The current market sentiment is influenced by short-term risk preferences and trading emotions, with a belief that domestic market logic will eventually prevail [2][4] - The ongoing economic stabilization and supportive policies are expected to provide a foundation for valuation levels, suggesting that recent pullbacks could present buying opportunities [4] AI and Innovation Sector - The AI sector faces uncertainties regarding revenue contributions and high capital expenditures, with many companies still in the investment phase and struggling to achieve stable profitability [6] - The introduction of AI in drug discovery and development is seen as a significant opportunity, with potential for increased efficiency and reduced costs in the pharmaceutical industry [12][13] Gold Market - The gold market has shown strong performance compared to equity markets, with recent geopolitical tensions and economic uncertainties driving demand for gold as a safe-haven asset [15][16] - The long-term outlook for gold remains positive due to systemic risks, including inflation and geopolitical tensions, which are expected to support gold prices [16]