Market Overview - Today's economic calendar lacks significant data releases, leading to a quieter market backdrop and potentially lower volatility unless external factors intervene [19] - Participants are advised to monitor emerging headlines concerning geopolitical developments or tariff discussions between Canada and the US, as these could impact sentiment in sectors like manufacturing and trade-sensitive industries [19] SPDR S&P 500 ETF Trust (SPY) - SPY is trading near the important level of 622.50, with bullish targets set at 623.75 and 625.29, and an ultimate target of 626.99 [2] - If SPY fails to hold above 622.50, sellers will target 621.44, with further downside potential reaching 618.41 and a lowest target of 616.86 [3] Invesco QQQ Trust Series 1 (QQQ) - QQQ is currently at a pivotal level of 552.63, with bullish targets at 554.56 and 557.04, and a top target of 563.72 [4] - A failure to maintain 552.63 could lead to a decline towards 550.88, with further support at 549.74 and a lowest target of 547.01 [5] Apple Inc. (AAPL) - AAPL is trading near the crucial level of 210.47, with initial bullish targets at 211.78 and 213.10, and a high-end target of 214.73 [6] - If the support at 210.47 is compromised, sellers will target 209.47, with further downside potential reaching 207.21 [7] Microsoft Corp. (MSFT) - MSFT is near the highlighted level of 499.10, with bullish targets at 500.90 and 502.77, and a daily target of 505.21 [8] - A breakdown below 499.10 could lead to targets at 497.93, 496.38, and a lowest target of 493.49 [9] NVIDIA Corporation (NVDA) - NVDA is trading around the critical level of 162.79, with bullish targets at 163.83 and 165.20, and a top target of 168.20 [11] - If unable to hold above 162.79, bearish targets include 160.59, 159.08, and a lowest target of 156.78 [12] Alphabet Inc Class A (GOOGL) - GOOGL is close to the significant level of 176.56, with bullish targets at 177.61 and 179.48 [13] - A failure to protect 176.56 could lead to bearish targets at 175.45, 174.34, and a lowest target of 172.61 [14] Meta Platforms Inc (META) - META is trading near the key level of 722.14, with bullish targets at 724.85 and 726.80, and a target of 732.09 [15] - If support at 722.14 fails, sellers will target 718.23, with further downside potential reaching 715.77 and a lowest target of 713.77 [16] Tesla Inc. (TSLA) - TSLA is around the significant price level of 308.20, with bullish targets at 310.48 and 314.16, and a maximum target of 322.34 [17] - If the support at 308.20 is compromised, sellers will target 306.36, with further downside potential reaching 303.13 [18]

Market Overview - The Market Clubhouse provides daily updates on key price levels for major stocks including SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA, based on a proprietary formula that considers price, volume, and options flow [1][2]. SPDR S&P 500 ETF Trust (SPY) - SPY is trading near 623.32, with bullish targets at 624.57 and 626.11, potentially reaching 627.81 if momentum continues [2]. - If SPY falls below 623.32, sellers will target 622.26, with further downside risks to 620.97 and 619.23, potentially reaching 617.68 [3]. Invesco QQQ Trust Series 1 (QQQ) - QQQ is near 555.21, with bullish targets at 557.14 and 559.62, aiming for 566.30 if buying momentum is strong [4]. - A failure to hold above 555.21 could lead to a decline towards 553.46, with further support at 552.32 and a bearish target of 549.59 [5]. Apple Inc. (AAPL) - AAPL is trading around 209.81, with initial bullish targets at 211.12 and 212.44, potentially reaching 214.07 [6]. - If the support at 209.81 is lost, sellers will target 208.81, with further downside to 207.93 and a bearish target of 206.55 [7]. Microsoft Corp. (MSFT) - MSFT is near 502.51, with bullish targets at 504.11 and 505.98, aiming for 508.42 if buying persists [8]. - A drop below 502.51 could see sellers targeting 501.34, with further downside risks to 499.79 and a target of 496.90 [9]. NVIDIA Corporation (NVDA) - NVDA is trading around 164.35, with bullish targets at 165.39 and 166.76, potentially reaching 169.76 [11]. - If NVDA cannot hold above 164.35, sellers will target 162.15, with further support at 160.64 and a bearish target of 158.34 [12]. Alphabet Inc Class A (GOOGL) - GOOGL is near 176.23, with bullish targets at 177.28 and 179.15 if buying momentum is strong [13]. - A failure to maintain 176.23 could lead to a decline towards 175.12, with further downside risks to 174.01 and a target of 172.28 [14]. Meta Platforms Inc (META) - META is trading near 733.41, with bullish targets at 736.12 and 738.07, potentially reaching 743.36 [15]. - If support at 733.41 is lost, sellers will target 729.50, with further downside to 727.04 and a bearish target of 725.04 [16]. Tesla Inc. (TSLA) - TSLA is around 298.28, with bullish targets at 300.56 and 304.24, potentially reaching 312.42 [17]. - A breach of 298.28 could lead to sellers targeting 296.44, with further downside risks to 294.60 and a target of 293.21 [18]. Economic Insights - The economic schedule includes Initial and Continuing Jobless Claims data at 8:30 AM ET, and a 30-Year Bond Auction at 1 PM ET, which may influence market sentiment [19].

尽管今年上半年美股面临一系列挑战，包括关税不确定性、市场大幅波动以及中东冲突，但这 并没有减缓散户投资者的买入狂潮。在这一时期内，他们交易的股票价值达到了创纪录的 6.6 万亿美元。 根据纳斯达克的数据， 2025年上半年，美股散户投资者累计购买了价值约3.4万亿美元的股 票。与此同时，他们卖出了大约3.2万亿美元的股票，使交易总额超过6.6万亿美元。 这表明，尽管今年上半年美股波动剧烈，但散户投资者仍然倾向于买入，而非卖出。 （数据显示，散户投资者买入额高于卖出额） 美国总统特朗普宣布的关税令市场感到恐慌，而投资者则在权衡全球贸易战导致经济放缓和通 胀上升的可能性。 今年上半年，标普500指数一度跌入回调区域，而纳斯达克综合指数则一度陷入熊市。一些投 资者表示，这是他们经历过的"最艰难的投资环境"。 然而，美股散户投资者的行动表明，面对这一切，他们仍然看涨。据纳斯达克的数据， 今年 上半年，美国个股和交易所交易基金（ETF）的累计净散户资金流入量达到1376亿美元。 资本市场研究公司Vanda Research的数据与纳斯达克的数据略有不同，但显示了相同的总体 趋势。 Vanda发现，散户投资者2025年上 ...

Core Viewpoint - The Vanguard Growth ETF (VUG) is a popular choice for investors, tracking the CRSP US Large Cap Growth Index, which includes growth stocks from the S&P 500 [1] Group 1: ETF Composition and Performance - The Vanguard Growth ETF holds approximately 166 stocks, while its value counterpart, the Vanguard Value ETF (VTV), contains 331 stocks [2] - The Vanguard Growth ETF is heavily weighted in technology, with tech stocks making up 58.5% of its portfolio, and its top three holdings—Microsoft, Nvidia, and Apple—account for nearly 32% of its total holdings [3] - Over the past decade, the Vanguard Growth ETF has achieved an average annual return of 15.3%, outperforming the Vanguard S&P 500 ETF (12.8%) and the Vanguard Value ETF (10%) [5] Group 2: Comparison with Invesco QQQ Trust - The Invesco QQQ Trust has outperformed both the Vanguard 500 ETF and the Vanguard Growth ETF over the past decade, generating an average annual return of 17.7% [7] - The Invesco QQQ Trust is also tech-heavy, with 57.2% of its portfolio in the technology sector, but is less top-heavy than the Vanguard Growth ETF, with its top three holdings representing less than 25% of its portfolio [10] - The top holdings of the Vanguard Growth ETF and Invesco QQQ Trust are similar, but the weightings differ, with Microsoft at 11.3%, Nvidia at 10.3%, and Apple at 10.1% for Vanguard Growth, compared to 8.8%, 8.7%, and 7.3% for Invesco QQQ [11] Group 3: Investment Strategy - Both the Vanguard Growth ETF and Invesco QQQ Trust are suitable for growth investors, but the Invesco QQQ Trust is preferred due to its superior performance and less concentration in top holdings [12]

Core Viewpoint - Growth stocks have the potential to generate significantly higher returns compared to value or dividend stocks over the long term, attracting investors due to their operational expansion and innovation capabilities [1] Group 1: Performance of Growth Stocks - Amazon and Nvidia have shown exceptional performance, with returns of 12,000% and over 60,000% respectively over the past 20 years, indicating the potential for substantial wealth creation through growth stock investments [2] - The Invesco QQQ Trust ETF provides exposure to the top 100 nonfinancial stocks in the Nasdaq, including major players like Amazon and Nvidia, making it easier for investors to access growth stocks without needing to pick individual winners [3][5] Group 2: Composition and Strategy of Invesco QQQ Trust - The Invesco QQQ Trust is heavily weighted towards technology stocks, which make up 57% of its holdings, while also including 20% in consumer discretionary stocks, thus diversifying its portfolio [6] - The ETF has outperformed the S&P 500 over the past decade, achieving a 430% return and an average compound annual growth rate of over 18% [7] Group 3: Future Growth Expectations - While past performance has been strong, future returns may be more modest, with a suggested long-term average growth rate closer to 10%, similar to the S&P 500 [10] - A $30,000 investment in the Invesco QQQ Trust could grow significantly over time, with projections showing potential values ranging from approximately $398,030 to $2,162,055 over 35 years at varying growth rates [11] Group 4: Investment Strategy - The Invesco QQQ Trust represents a "buy-and-forget" investment strategy, allowing investors to benefit from compounding returns by simply investing and holding the fund over the long term [12]

智通财经APP获悉，若中东地缘政治恶化导致的油价上涨趋势引发美国通胀飙升，美股大盘基准——标普500指数存在下 跌20%的"熊市轨迹风险"。加拿大皇家银行资本市场(RBC Capital Markets)的股票策略师团队在一份报告中列出了三种可 能的回调情形。该机构的策略师们认为，在"严重"的实际情况下，该指数到年底可能跌至4,800 点，而在不太严重的情况 下，该指数可能跌至5,200点左右。截至上周美股收盘，标普500指数收于5976.97点。 美国股票在高通胀情景下面临20%的跌幅风险——RBC警告油价跳涨带来的冲击 目前，尽管以色列和伊朗之间的冲突不断升级，市场仍相对平静。周一油价回落，此前在上周五曾大幅上涨7%，投资者 们普遍表示以色列-伊朗之间的冲突迄今并未波及主要能源设施，并似乎局限于两国之间。然而，随着攻击进入第四天， 人们担心其可能升级为更广泛的中东地区战争，且关键能源设备的完善程度乃至对于全球原油运输至关重要的霍尔木兹 海峡可能面临巨大的被袭击风险。 RBC 的分析数据显示，在"严重"通胀数据的情况下——即如果美国通胀飙升至4%，加之美国企业盈利数据零增长且美联 储仅降息两次且10年期美国 ...

根据美国证券交易委员会(SEC)披露，高盛(GS.US)递交了截至2025年3月31日的第一季度持仓报告(13F)。 据统计，高盛第一季度持仓总市值为6200亿美元，上一季度总市值为6300亿美元，环比减少约1.6%。在第一季度的持仓组合中，高盛新增376只 个股，增持2189只个股;同时清仓了1311只个股，减持2264只个股。其中，前十大持仓标的占总市值的25.04%。 | 2025-03-31 | | | --- | --- | | 13F Activity | | | Market Value | $0.62t, Prior: $0.63t | | Inflows (Outflows) as % of Total MV | +1.2381% | | New Purchases | 376 stocks | | Added To | 2189 stocks | | Sold out of | 1311 stocks | | Reduced holdings in | 2264 stocks | | Top 10 Holdings % | 25.04% | | Turnover %1-1 | 26.49% ...

Core Viewpoint - The current bear market in the Nasdaq-100, driven by economic and political uncertainties, may present a buying opportunity for long-term investors, particularly in the Invesco QQQ Trust, which tracks the performance of the Nasdaq-100 [2][10][13]. Group 1: Nasdaq-100 Overview - The Nasdaq-100 includes 100 of the largest non-financial companies listed on the Nasdaq stock exchange, serving as a proxy for technology and technology-adjacent industries [1]. - The index has experienced a decline of up to 23% from its record high in April, entering a technical bear market [2]. Group 2: The Magnificent Seven - The Magnificent Seven, a group of seven major U.S. stocks, represent 41.3% of the total value of the Invesco QQQ Trust, significantly influencing its performance [5]. - These stocks have averaged a decline of 15% this year, with Tesla leading the drop at 29% due to soft demand for electric vehicles [6]. - Alphabet reported a 46% year-over-year increase in net income, indicating strong earnings potential for the Magnificent Seven [6]. Group 3: AI and Future Growth - Companies like Alphabet, Amazon, and Microsoft are expected to benefit from the growing demand for AI services through their cloud platforms [7]. - Nvidia's data center revenue surged by 142% to $115.2 billion in fiscal year 2025, highlighting its strong position in the AI chip market [8]. Group 4: Invesco QQQ Trust Performance - The Invesco QQQ Trust has historically weathered multiple bear markets since its inception in 1999, delivering a compound annual return of 10% from 1999 to 2024 [10]. - The current bear market is not expected to derail this long-term trend, as historical patterns suggest potential recovery following economic shocks [11]. Group 5: Tariff Impact - Recent tariff adjustments by President Trump may alleviate some economic pressures, with negotiations for new trade deals underway [11]. - The tariffs primarily affect physical imports, leaving digital goods and services, crucial for companies like Alphabet, Microsoft, and Amazon, largely unaffected [12]. - Semiconductors are exempt from aggressive tariffs, benefiting companies like Nvidia, Broadcom, AMD, and Micron Technology [12].