On Monday, Eastern Time, all three major U.S. stock indexes closed slightly lower. At the close, the Dow Jones Industrial Average fell 0.51%, the Nasdaq Composite fell 0.5%, and the S&P 500 fell 0.35%.
Most major tech stocks fell, with Tesla among them. Nvidia shares fell more than 3%. Microsoft fell more than 1%. Netflix Amazon Meta fell slightly; Intel Apple rose more than 1%. Google shares rose slightly. Micron Technology shares also rose slightly. The stock price rose by more than 3%, hitting a new all-time high.
precious metals Among the sectors with the largest declines, Harmony Gold... Pan American silver fell more than 8%. Kinross Gold It fell by more than 5%.
Nasdaq The China Golden Dragon Index closed down 0.67%. NIO iQiyi rose nearly 5%. Baidu Alibaba rose more than 1%; Miniso shares fell more than 2%. Bilibili fell nearly 2%. It fell by more than 1%.
Global News
CME intervenes! Silver prices plunge after a surge, market fears high leverage risks triggered.
Since the beginning of this year, silver prices have followed gold prices in a steady climb, driven by increased purchases by global central banks, inflows into exchange-traded funds (ETFs), and three consecutive interest rate cuts by the Federal Reserve. Last week, benefiting from escalating geopolitical tensions, a weaker dollar, and insufficient market liquidity on the day after Christmas, COMEX silver futures recorded their biggest single-day gain in more than three years since October 2022 on Friday, with a weekly increase of nearly 18%.
California may impose a wealth tax on billionaires; tech giants reportedly planning to "relocate."
① In November of this year, a healthcare union in California proposed a wealth tax, requiring California residents with a net worth exceeding $1 billion to pay a one-time tax equivalent to 5% of their assets; ② According to sources, as California prepares to introduce a wealth tax for billionaires, tech giants including Peter Thiel and Larry Page are developing plans to "leave" California.
A Legend Ends: Former IBM CEO Lou Gerstner Passes Away; He Led the Successful Transformation of the "Big Blue"
On December 27, 2025, Eastern Time, Louis Gerstner, former Chairman and CEO of IBM, passed away at the age of 83. This business leader, not from a technical background, single-handedly turned IBM's fortunes around from the brink of breakup and bankruptcy. During his tenure from 1993 to 2002, he spearheaded what is considered one of the greatest transformations in business history for the "Big Blue." His passing marks the true end of a legendary era for the company.
Internal Nvidia documents reveal that many customers are looking for more affordable alternatives to Amazon Web Services (AWS).
① Capital One expressed its support for AWS cloud computing at a technology conference with Nvidia. ① Cost concerns and consideration of alternatives; ② Nvidia noted in a filing that the two companies discussed artificial intelligence. The possibility of factories and new cloud alternatives to AWS; ③ Although Capital One says it will continue to work with AWS, AWS’s high cost is being widely complained about in the industry.
Survey: Europe's growth prospects may depend on Germany's "trillion-euro" spending plan
① Surveys indicate that Germany's trillion-euro spending plan will be key to Europe's economic growth in 2026; ② Surveyed economists predict that the Eurozone's economic growth will slow to 1.2% next year and rebound to 1.4% in 2027, in line with the European Central Bank's forecast; ③ However, some economists have doubts about whether Germany's fiscal stimulus measures can translate into sustainable growth momentum.
Is Germany's economic outlook bleak? Most business groups predict layoffs next year, with the automotive and textile industries being the hardest hit.
① A survey by the German Institute for Economic Research (IW) shows that most German business associations expect layoffs in 2026, with the automotive, paper, and textile industries being the hardest hit by global protectionism and weak exports; ② Investment plans by German companies are sluggish, with only 11 associations expecting increased investment, 14 expecting reduced investment, and 21 believing that investment will stagnate at a low level.
JPMorgan Chase: Multiple factors will influence the US job market; slow growth is possible in the first half of 2026.
① JPMorgan Chase The report anticipates a “disturbingly slow growth” in the U.S. labor market in the first half of 2026, with the unemployment rate peaking at 4.5% at the beginning of the year; ② The report states that Trump’s trade policies have created uncertainty for businesses, while his immigration controls have reduced the labor supply; ③ Despite these multiple challenges, JPMorgan predicts that the U.S. labor market will turn around in the second half of 2026.
South Korea ranks sixth globally! Annual exports surpass $700 billion for the first time in history.
① Preliminary data released by the South Korean government on December 29 showed that, as of 1:03 p.m. that day, South Korea's total exports for the year had exceeded US$700 billion; ② This is the first time in history that South Korea's annual exports have exceeded the US$700 billion mark; ③ This breakthrough also makes South Korea the sixth country in the world to achieve this milestone.
Jinglin's "Year-End Letter" Revealed: AI's Transformation of Various Industries Has Only Just Begun
Recently, in an exclusive interview, this reporter learned that Greenwoods Asset Management released a year-end letter to investors from its Managing Partner and CEO, Gao Yuncheng, outlining his assessment of future market trends and his strategic positioning in the AI field. Gao Yuncheng stated that the emergence of DeepSeek in 2025 has made the world realize that China possesses competitive and cost-effective advantages in the competitive wave of generative artificial intelligence . The penetration and transformation of AI across various industries has only just begun. In the medium to long term, international funds will gradually flow back into Chinese assets.
