中文由AI翻译。
Bloomberg
Tech rally
A rally in big tech stocks helped the Nasdaq 100 to close at a record high and futures are pointing those gains extending on Friday. A brighter outlook from Taiwanese chipmaking behemoth TSMC helped the mood and lifted hopes for a broader recovery in the tech sector in 2024. Semiconductor sector names like Nvidia and Broadcom were among those benefiting and fueling the Nasdaq rally, along with the best day for Apple shares since May. Tech earnings season kicks into gear next week, with Netflix, Texas Instruments and Intel among those set to report.
科技股的反弹推动纳斯达克100创下历史新高，期货市场预示这种涨势将在周五延续。台湾芯片制造巨头台积电（TSMC）提出更乐观的前景，提振了市场情绪，并为2024年科技行业的更广泛复苏带来了希望。半导体行业的公司，如英伟达（Nvidia）和博通（Broadcom），是其中受益者之一，它们助推了纳斯达克的涨势，同时苹果股价也迎来了自五月以来的最佳表现。科技季报季即将开始，下周将有Netflix、德州仪器（Texas Instruments）和英特尔（Intel）等公司发布财报。
Comment：疯吧，随便了，估计也就一两天。一月主线是震荡。今儿搞不好又是高开低走。
Apple’s launch
Apple shares were helped along by a rating upgrade from Bank of America analysts, driven by optimism about artificial intelligence and a better iPhone upgrade cycle to come. The broker was also positive on the launch of the Vision Pro mixed-reality headset, preorders for which start on Friday to provide the first taste of consumer demand for the $3,499 device. The headsets won’t include apps for YouTube and Spotify, however, the world’s most popular video and music-streaming services respectively. Netflix too had already said it won’t launch a specific app.
苹果股价受到美国银行分析师的评级升级的推动而上涨，这是基于对人工智能和即将到来的更好iPhone升级周期的乐观看法。该经纪商还对Vision Pro混合现实头戴设备的推出表示积极，该设备的预购将于周五开始，为这款售价为3,499美元的设备提供了首次消费者需求的预览。然而，这款头戴设备将不包含YouTube和Spotify的应用，这两者是全球最受欢迎的视频和音乐流媒体服务。Netflix也已表示不会推出专用应用程序。
Comment：看好苹果的分析师估计脑子进水了。完全没戏。
Inversion normalization
Bond traders are increasingly convinced that the inversion in US Treasury yields is headed toward normalizing, though how and why this happens will mean volatility will continue. The question being asked is whether yields will sink on the short-end of the curve as rate cuts emerge, or whether 10-year yields will rise more in a higher-for-longer scenario. The Federal Reserve continues to push back against current wagers for rate cuts, with Raphael Bostic the latest to urge caution given the global uncertainty overshadowing 2024. The Fed’s Austan Goolsbee and Mary Daly are due to speak on Friday.
债券交易员越来越确信美国国债收益率的倒挂趋势将逐渐恢复正常，尽管这种恢复发生的方式和原因将意味着波动性将继续存在。人们提出的问题是，随着降息的出现，短端曲线上的收益率是否会下降，或者在更长时间内走高的情况下，10年期的收益率是否会上升。尽管面临2024年全球不确定性的阴影，美联储继续反对当前对降息的赌注，拉斐尔·博斯蒂克是最新一位敦促谨慎的人。美联储的奥斯坦·古尔斯比和玛丽·戴利预计将在周五发表讲话。
Comment：以前美联储是割全球韭菜，现在好了，全球投资者都在等着割美联储，美联储除了加息降息也没其它什么高明的手段了。
Bank measures
US regulators are preparing to launch a plan that would require banks tap its discount window at least once a year in order to reduce the stigma of doing so and ensure that lenders are ready for a downturn. It’s the latest response to the regional bank crisis last year, which highlighted that some lenders were not operationally set up to quickly borrow from the window in a pinch. Separately, banks borrowed a record amount from the Fed’s Bank Term Funding Program in the week to Wednesday, a tool that allows banks and credit unions to borrow funds for up to one year.
美国监管机构正准备推出一项计划，要求银行每年至少利用贴现窗口一次，以减少这样做的污名并确保放贷机构为经济衰退做好准备。这是对去年地区性银行危机的最新回应，该危机突显出一些放贷机构在危急时刻没有进行操作设置，无法迅速从贴现窗口借款。另外，银行在截至周三的一周内从美联储的银行期限融资计划中借入了创纪录的金额，该工具允许银行和信用社借款长达一年。
Comment：这就有点意思了，从美联储借钱，创新高。嗯，回味无穷。
China selloff
The largest brokerage in China is said to have suspended short selling for some clients in mainland markets following the rout in Chinese stocks at the start of the year. State-owned Citic Securities made the move after so-called window guidance from regulators. A Hong Kong gauge of Chinese stocks has notched up its worst week since March, while global passive funds are adding to the pressure by joining in with the selloff. And this is all wreaking havoc in the country’s asset management sector, with mutual fund closures hitting a five-year high in another sign of deteriorating investor confidence.
据说中国最大的券商在年初中国股市大跌后已经暂停了一些客户在内地市场的卖空交易。国有的中信证券在监管机构的所谓窗口指导后采取了这一举措。香港的一个中国股票指数创下了自3月以来最糟糕的一周，而全球被动基金加入抛售行列，加剧了压力。所有这些都在给中国的资产管理行业带来严重混乱，共同基金的关闭达到了五年来的最高水平，这是投资者信心恶化的又一迹象。
Comment：关于国内的事儿，就不便多做评论了，毕竟，是吧。大家都懂的。
Yahoo：
When one door closes: Investors may have gotten a wake-up call this week, as hawkish Fedspeak and hot economic data challenged the March rate cut. But markets roared back Thursday, with the S&P 500 and the Nasdaq gaining 0.9% and 1.3%, respectively. The reason? It's the 2023 story all over again: AI hopes, which are smothering earnings calls and our conversations at the World Economic Forum, are trumping high rates.
当一扇门关闭时：本周投资者可能已经敲响了警钟，因为鹰派的美联储言论和热门的经济数据对三月份的降息构成了挑战。但周四市场大幅反弹，标准普尔 500 指数和纳斯达克指数分别上涨 0.9% 和 1.3%。原因？这又是 2023 年的故事：人工智能的希望正在压倒高利率，而人工智能的希望正在压倒我们在财报电话会议和世界经济论坛上的对话。
Comment：我还是那句话，AI是泡沫，而且这轮泡沫可能比2000年的互联网泡沫还要猛。当然了，基本面判断归基本面，策略出啥信号，还是做啥信号。过度思考会导致亏损，无数次验证。
More bank earnings to end the week: The week, as it began, will be book-ended by financial sector earnings, including Travelers, State Street, Regions Financial, Ally, Comerica, Fifth Third, and Huntington Bancshares.
更多银行财报将在本周结束：本周一开始，将以金融部门的财报结束，包括 Travelers、State Street、Regions Financial、Ally、Comerica、Fifth Third 和 Huntington Bancshares。
Comment：下周科技股财报。。。。1月就这样吧。等31号会议完了再说
What consumers are thinking: The University of Michigan's consumer sentiment readings are expected to stay flat, but the survey's inflation expectations will be an indication of whether the recent streak of hot data has tamped down consumer hopes inflation is being tamed. Last month, inflation expectations were the lowest in two years.
消费者的想法：密歇根大学的消费者信心指数预计将持平，但调查的通胀预期将表明最近的一系列热门数据是否抑制了消费者对通胀受到抑制的希望。上个月，通胀预期为两年来最低。
Comment：看油价咯。最近就业市场又开始火爆，美联储可不愿意看到这事儿。
Mortgage rates drop to a seven-month low: Rates continue to fall and homebuyers are feeling some relief at last. But how much exactly is debatable. The seven-month low is still 6.60% for a 30-year fixed — still very high unless you remember the Volcker era. And high for anybody who remembers how cheap they were only a few years ago.
抵押贷款利率降至七个月低点：利率继续下降，购房者终于感到了一些宽慰。但具体多少还有待商榷。30 年期固定利率的 7 个月低点仍然是 6.60%——仍然非常高，除非你还记得沃尔克时代。对于那些记得几年前它们有多便宜的人来说，这真是太高了。
Comment：反正。。。我经历过低的时候，月供可以差出300-400刀，这对于房奴来说，很痛苦的。
Elon Musk vs. Tesla's board: The world's richest man made a public demand for more of his company's voting power in a recent tweet. A CEO wanting more control because ... they want more control might be tough for investors to swallow. But because of Musk's unique cocktail of business successes and mercurial behavior, the board might let him do whatever he wants — so long as the profits keep coming.
埃隆·马斯克 (Elon Musk) 与特斯拉董事会：这位世界首富在最近的一条推文中公开要求获得公司更多的投票权。首席执行官想要更多的控制权，因为……他们想要更多的控制权，这可能会让投资者难以接受。但由于马斯克独特的商业成功和反复无常的行为，董事会可能会让他为所欲为——只要利润不断增加。
Comment：我不喜欢这人，更不喜欢特斯拉，不做评论。
Good news for Apple: After multiple downgrades and a disappointing start of the year, Bank of America gave the company an upgrade to Buy citing its Vision Pro VR headset, AI potential, and the fact that the longer-lasting iPhones many consumers have are finally on their last legs.
对苹果来说好消息：在经历了多次降级和令人失望的开局之后，美国银行将该公司的评级上调至“买入”，理由是其 Vision Pro VR 耳机、人工智能潜力，以及许多消费者拥有的更耐用的 iPhone 的事实 终于走完了最后的路。
Comment：不看好。
MarketWatch：
↗️Amazon.com (AMZN) and iRobot (IRBT): The European Union intends to block Amazon’s $1.7 billion purchase of the Roomba maker, The Wall Street Journal reported. Amazon stock ticked up before the bell while iRobot shares plunged more than 35%.
↗️ Nvidia (NVDA), Texas Instruments (TXN) and Advanced Micro Devices (AMD): Shares of the chipmakers were on track to extend a rally set off by Taiwan Semiconductor's stronger-than-expected outlook earlier this week.
↗️ J.B. Hunt (JBHT): Shares in the transportation bellwether climbed in offhours trading, even thought it reported a lower-than-expected quarterly profit.
🔎 Wendy's (WEN): Chief Executive Todd Penegor is departing and will be succeeded by a PepsiCo executive, the fast-food chain said Thursday.
🔎 Macy's (M): The department-store chain plans to lay off about 13% of corporate staff and close five stores to trim costs.
🔎 Regions Financial (RF), Fifth Third Bancorp (FITB), SLB (SLB), Travelers (TRV) and State Street (STT) are among the companies set to report earnings before the bell.