Royal Bank of Canada strategist Lori Calvasina said the U.S. stock market may be nearing a short-term bottom, but declines could continue if earnings and economic growth face more severe shocks. According to Sina Finance, sentiment measures, including the bullish share in the American Association of Individual Investors survey, have fallen to levels associated with a moderate selloff, with investors more stunned than panicked. The relative valuation appeal of U.S. stocks has improved, and the gap between their forward price-to-earnings ratio and that of other developed markets has returned to around its post-pandemic low, potentially allowing U.S. stocks to regain market leadership. The S&P 500’s valuation contraction has exceeded typical levels in most major selloffs, and its decline has exceeded many investors’ perceptions; however, the Russell 2000 has not reached the deeply oversold territory associated with past market bottoms.

JPMorgan strategists said investors could add to equities before year-end following the recent decline. According to Sina Finance, a team led by Mislav Matejka said economic growth remained resilient and falling bond yields were more likely to support risk assets than signal a recession. The team said the recent rush of funds into defensive sectors had gone too far; higher-risk cyclical sectors could rebound if economic activity remains resilient, oil prices retreat and Treasury yields stabilize. It said bond yields had peaked and advised investors to broaden their equity holdings rather than concentrate them in leading technology companies. JPMorgan maintained overweight positions in emerging markets and the eurozone, and neutral positions in the United States, Japan and the United Kingdom. The team viewed the sharp technology-sector pullback as a buying opportunity, not a reason to turn broadly bearish, and named semiconductors as its preferred AI-related investment. In Europe, it favored mining, capital goods, semiconductors, building materials and luxury goods, while underweighting energy, consumer staples, insurance, media and software.

After Donald Trump returned to the White House, the political environment for U.S. mergers and acquisitions changed, and companies renewed their enthusiasm for pursuing transformative deals that had once seemed out of reach. But the time available to U.S. companies may be running short. According to Sina Finance, Democrats’ landslide victory in the midterm elections has suddenly created urgency on corporate boards. Executives are considering whether they have one last opportunity to complete a transformative deal while merger-friendly officials remain in the Trump administration. Conversations with top advisers indicate that the election result has prompted companies to consider accelerating their plans and bringing major strategic deals forward. Companies recognize that a resurgent Democratic Party could impede the major M&A wave that has been building during Trump’s second term and helping drive Wall Street revenue to record levels. Kevin Foley, JPMorgan’s co-head of investment banking, said companies should be prepared to pursue deals in another complex business environment. Foley, who is based in New York, said, “The biggest risk may be thinking that everything will eventually return to normal. Doing nothing is always an option, but in an era when industries are changing so quickly, it is the wrong choice.” Wells Fargo senior banker Fernando Rivas said at an industry conference in Boston last Thursday that a “now or never” mindset will return and drive M&A activity in the near term.

Citi strategists shifted to a more defensive stance, downgrading U.S. stocks and global technology shares while upgrading European equities. According to Sina Finance, a team led by Beata Manthey cut U.S. stocks, global technology shares and European technology shares from overweight to neutral, citing crowded positioning, high valuations and slowing earnings-per-share growth. The team raised European equities excluding the U.K. from neutral to overweight, citing their lower reliance on technology and higher weightings in cyclical and defensive sectors. Citi also upgraded materials and health care, while maintaining its preference for defensive, high-quality stocks. The report said cyclical sectors had underperformed defensive sectors during the latest market rotation. Citi described the changes as tactical adjustments, not a bearish view on equities, and said resilient economic data and earnings could support markets. However, crowded positioning has only partly unwound, and markets could remain volatile in the short term until a more attractive buying opportunity emerges. The strategists also cited uncertainty about the outlook for AI investment as a source of potential near-term volatility.

China’s state-led funds poured a record amount into the stock market last week as authorities stepped up efforts to stem a bruising selloff, according to Bloomberg. The buying by China’s National Team lifted ETF purchases to a record high.

According to ChainCatcher, Nvidia announced an investment in South Korean startup Point2Tech at the AI Startup Partnership Forum in Seoul and plans to invest in Motif, Realworld, and Upstage. The planned investment would make Nvidia one of Upstage’s investors, alongside Amazon and AMD.

Binance announced on X that TradFi perpetual contracts will support trading around the clock, allowing users to respond to breaking news, adjust positions or hedge during weekends and when the underlying markets are closed.

台北两场饭局把黄仁勋、黄乐与Megaspeed串在一起。英伟达称一切正常，十天后他向全员承认对妻子不忠。

黄仁勋承认婚外情后英伟达市值一夜蒸发1800亿美元，若按加州共同财产制离婚，其妻理论上最多可分走约626亿美元股票。

从纸质助记词到社交登录钱包，安全环节越拆越多，用户能看清的风险反而更少，信任依赖的扩散正是被盗的根源。

中期选举后特朗普提前进入跛脚期，加密政策红利阶段性中止，行业同质化竞争加剧，2026 年尾部或仍藏着一次赛道级机会。

由于英伟达和Megaspeed在芯片领域的特殊角色，这场全球AI芯片巨头掌门人的私人丑闻，早已不仅仅是一桩个人丑闻……

华尔街的橄榄枝没能托住HYPE：利好兑现、代币分配与政策变数叠加，价格冲高后掉头走低。

黄仁勋的绯闻把新加坡算力商 Megaspeed 推到台前：芯片不出境，算力经东南亚机房租回中国，出口管制的缝还能走多久？

从MEXC被禁、币安和解到OKX引入ICE，美国正用执法、投资与美元稳定币三条线，把全球交易所纳入自己的金融网络。

DeepSeek,AI Agent,Harness,当年的「套壳产品」先跑通了DeepSeek Super-agent的设想 金色财经,一个功能十天就能抄走，几千次的不满意是抄不走的。

科技行业高管爆出私德风波，市场早有一套熟门熟路的反应剧本。