Good morning, colleagues. The main indices of the U.S. stock market continue their bounce back at the opening: the Dow Jones is up 0.35%, the S&P 500 is up 0.28%, and the Nasdaq is up 0.45%. At first glance, it seems to be a typical year-end push, but when breaking down the structure, we still need to maintain good vigilance ⚠️

Regarding individual stocks, Boeing rose by 6% after the Justice Department's penalty delay until 2026, and Credo Technology surged by 14% due to revenue and earnings results that exceeded expectations. These are typical event-driven increases and do not represent a general recovery of market sentiment.
From a more macro perspective, the bounce back that started in December is not so much due to funds being optimistic, but rather because institutions are digesting the technical correction after the strong previous fluctuations.

What should really be concerning is that the extreme volatility of November is not over. The potential pressure from the artificial intelligence bubble is rapidly accumulating; many major tech companies have suffered a sharp correction in the last month. This divergence indicates that the market's ability to sustain the rise is weakening. The options market has been accumulating downside protection for two weeks; institutions believe that this year there may not be a traditional Santa Claus rally, that is, the December rise, and volatility could become the main theme of December.
This is also the reason why several Wall Street institutions are warning that this year's market logic is being rewritten in real time by the uncertainty of AI, and traditional seasonal rules are no longer reliable.

When the market rises, everyone can hold steady, but the drop often happens in an instant. The more so, our system captures the key reversal windows in volatility better; this is also the main source of opportunity to reach the 600% target in our financial progress plan this week.

We just need to maintain discipline and strictly follow the signals to move forward firmly amidst the turbulence.