The first week after Christmas, the market begins to warm up. The three major US stock indices declined slightly, with the Nasdaq down only 0.09%, and large tech stocks showing mixed performance—Nvidia up 1.02%, Tesla down 2.10%. Gold and precious metals moved more significantly, with spot silver leading the gains, showing a strong overall trend. Rumors suggest that Trump may announce the next Federal Reserve Chair this week, which could be an important variable for the market.

On the stock market side, the rebound structure is still ongoing, with a moderate pace. The sudden plunge last Friday seemed like a shakeout, not a sign of distribution, so there’s a good chance of continued upward movement this Monday. However, with only three trading days this week (Thursday and Friday are holidays), the return of northbound funds today might stir some waves. If the gains surge too high, reducing positions is advisable, as tomorrow is a day for pre-holiday profit-taking, which could increase selling pressure; but if the trend remains steady, participation can continue.

Policy news is abundant. The National Financial Work Conference was held in Beijing on December 27-28, focusing on implementing a more proactive fiscal policy "combination punch," maintaining strong spending, expanding relevant policies, and stimulating consumption potential on both ends. The Ministry of Industry and Information Technology has established the Standardization Technical Committee for Humanoid Robots and Embodied Intelligence, signaling a clear direction—standardized and systematic development of the humanoid robot industry. Related companies are active: UBTECH driving Fenglong Shares and Tianqi Shares; Yushutec is backed by Shoukai Shares; Zhiyuan Robot corresponds to Shangwei New Materials; Xpeng Motors is linked to Founder Motor.

In the new energy sector, the National Development and Reform Commission has outlined key points. The "new three" industries—new energy vehicles, lithium batteries, and photovoltaics—must focus on regulating competition and driving innovation. During the 14th Five-Year Plan, efforts will be made to address "involution" competition, increase industry concentration, and build a globally leading technological position.

Another noteworthy development—commercial rocket companies can now apply the fifth set of listing standards for the STAR Market, which is a big advantage for high-quality rocket companies that have not yet achieved stable revenue. Blue Arrow Aerospace is supported by Lu Xin Venture Capital and Goldwind Technology; Tianbing Technology is backed by China Satellite, Aerospace Electromechanical, and Haixiang Pharmaceutical; Xinghe Power and Interstellar Glory also have their own capital ecosystems.

Finally, a dark horse in the chip sector—ByteDance is procuring domestic computing power. According to media reports, ByteDance’s order for Huawei’s Ascend chips in 2026 may exceed 40 billion yuan, while in 2025, this figure is close to zero. The first batch of chips is about to be delivered, with a scale reaching hundreds of millions, marking a milestone in the development of domestic computing power. Huawei’s chip industry chain includes Chuanrun Shares, Huafeng Technology, Taijia Shares, and Huasheng Tiancheng.