① The three major US stock index futures rose: Dow futures rose 0.07%, S&P 500 futures rose 0.13%, and NASDAQ futures rose 0.15%. ② The European stock market index had mixed ups and downs: Germany's DAX30 fell 0.10%, France's CAC40 rose 0.29%, Eurostock 50 rose 0.11%, and the British FTSE 100 rose 0.04%. ③ Federal Reserve Kashkari's latest publication stated that the risk of weakness in the US labor market is higher than the risk of inflation, and emphasized that the slowdown in nominal wage growth is further evidence of market cooling. ④ Bank of America said that the “Big Seven” bubble in US stocks is still expanding, and there is still room for further growth. The current price-earnings ratio is 39 times lower than the historical bubble peak of 58 times. ⑤ The US stock bull market logic is stable. Among the S&P 500 constituent companies, more than 22% of companies expect their performance to exceed analysts' expectations in their Q3 guidelines, the highest ratio in a year. ⑥ J.P. Morgan warns that if AI companies fall short of expectations, they will pose a greater risk to technology-driven global stock markets than geographical conflicts. ⑦ Wells Fargo raised the S&P 500 year-end target to 6600-6800 points, but warned that the rise in small-cap stocks would be difficult to sustain, and that it was not optimistic about the rotation of capital from technology stocks to small-cap stocks. ⑧ UBS's asset policy is counterproductive. It believes that the Federal Reserve may shift to interest rate hikes next year due to economic growth and inflation, and expects the 2/10-year US Treasury yield spread to widen by 100 bps. ⑨ Nvidia spent more than 900 million US dollars to hunt down the core team of AI chip startup EnFabrica and obtain technical licenses to enhance efficient GPU cluster collaboration ⑩ Google injects Gemini AI functionality into the Chrome browser, and users can directly generate summaries. Previously, antitrust lawsuits had just settled.

① The three major US stock index futures rose: Dow futures rose 0.07%, S&P 500 futures rose 0.13%, and NASDAQ futures rose 0.15%. ② The European stock market index had mixed ups and downs: Germany's DAX30 fell 0.10%, France's CAC40 rose 0.29%, Eurostock 50 rose 0.11%, and the British FTSE 100 rose 0.04%. ③ Federal Reserve Kashkari's latest publication stated that the risk of weakness in the US labor market is higher than the risk of inflation, and emphasized that the slowdown in nominal wage growth is further evidence of market cooling. ④ Bank of America said that the “Big Seven” bubble in US stocks is still expanding, and there is still room for further growth. The current price-earnings ratio is 39 times lower than the historical bubble peak of 58 times. ⑤ The US stock bull market logic is stable. Among the S&P 500 constituent companies, more than 22% of companies expect their performance to exceed analysts' expectations in their Q3 guidelines, the highest ratio in a year. ⑥ J.P. Morgan warns that if AI companies fall short of expectations, they will pose a greater risk to technology-driven global stock markets than geographical conflicts. ⑦ Wells Fargo raised the S&P 500 year-end target to 6600-6800 points, but warned that the rise in small-cap stocks would be difficult to sustain, and that it was not optimistic about the rotation of capital from technology stocks to small-cap stocks. ⑧ UBS's asset policy is counterproductive. It believes that the Federal Reserve may shift to interest rate hikes next year due to economic growth and inflation, and expects the 2/10-year US Treasury yield spread to widen by 100 bps. ⑨ Nvidia spent more than 900 million US dollars to hunt down the core team of AI chip startup EnFabrica and obtain technical licenses to enhance efficient GPU cluster collaboration ⑩ Google injects Gemini AI functionality into the Chrome browser, and users can directly generate summaries. Previously, antitrust lawsuits had just settled.