US Stock Market Rebounds, GameStop Surges

美股反彈 GameStop 飆漲

The US stock market is experiencing a revival after a period of intense sell-off, thanks to the intervention of the Federal Reserve. GameStop (GME) has risen by over 4% today, extending its winning streak to four consecutive days.

在聯準會的干預下，經過一段時間的劇烈拋售，美國股市正在復甦。 GameStop (GME) 今天上漲超過 4%，將其連漲勢頭擴大至連續四天。

This recent surge follows a Christmas post by retail investor icon Keith Gill, also known as "Roaring Kitty," which ignited a rally in the stock and continued its volatile run in 2024.

最近的股價飆升是在散戶投資者偶像基思·吉爾（Keith Gill）（又名“咆哮的小貓”）發表的聖誕節帖子之後引發的，該帖子引發了該股的反彈，並在2024 年繼續波動。

GameStop, a video game retailer, has witnessed a remarkable 77% increase this year, making it one of the most watched stocks in the market. This surge has captured the attention of traders and further fueled the already-hot market.

電玩零售商 GameStop 今年的漲幅高達 77%，成為市場上最受關注的股票之一。這一激增引起了交易員的關注，並進一步加劇了本已火熱的市場。

Crypto-Linked Stocks Decline

加密貨幣相關股票下跌

In contrast to the overall market recovery, crypto-linked stocks have not shared the same fortune. MicroStrategy, Coinbase, and Riot Platforms all witnessed a decline as Bitcoin experienced a sharp drop. MicroStrategy, often regarded as a Bitcoin proxy, fell by approximately 3%, Coinbase by 2%, and Riot Platforms by more than 2%. Bitcoin itself had depreciated by 3% at the time of writing.

與整體市場復甦形成鮮明對比的是，與加密貨幣相關的股票並沒有分享同樣的命運。隨著比特幣大幅下跌，MicroStrategy、Coinbase 和 Riot 平台都出現下跌。通常被視為比特幣代理的 MicroStrategy 下跌約 3%，Coinbase 下跌 2%，Riot Platforms 下跌超過 2%。截至撰寫本文時，比特幣本身已貶值 3%。

MicroStrategy Buoys Bitcoin

MicroStrategy 提振比特幣

MicroStrategy has recently made a significant investment of $561 million to expand its Bitcoin holdings. This purchase marks seven consecutive weeks of non-stop purchases, with the latest acquisition made at an average price close to Bitcoin's record highs last week. The company has announced plans to issue additional shares to further increase its Bitcoin accumulation.

MicroStrategy 最近進行了 5.61 億美元的重大投資，以擴大其比特幣持有量。這筆購買標誌著連續七週不間斷的購買，最新收購的平均價格接近上週比特幣的歷史高點。該公司已宣布計劃發行額外股票以進一步增加其比特幣累積。

Bitcoin's Dominance Wanes

比特幣的主導地位減弱

Despite the recent dip, Bitcoin has posted a substantial 135% gain this year, far surpassing the returns on gold and global stocks. However, analysts caution against complacency, as traders anticipate significant volatility due to the looming expiration of massive Bitcoin and Ether derivatives contracts.

儘管近期有所下跌，但比特幣今年仍大幅上漲 135%，遠遠超過黃金和全球股票的回報。然而，分析師警告不要自滿，因為交易員預計，由於大量比特幣和以太幣衍生性商品合約即將到期，將會大幅波動。

Broader Market Correction

大盤調整

The broader crypto market has not been spared the recent correction, with tokens like Ether, Solana, and Dogecoin experiencing declines of around 3%. As Bitcoin slid, stock futures followed suit, with the Dow Jones Industrial Average futures losing 150 points, and the S&P 500 and Nasdaq 100 futures both dropping by 0.3%. Markets were closed on Wednesday for Christmas, but Thursday morning trading indicated a waning of the holiday cheer.

更廣泛的加密貨幣市場也未能倖免於近期的調整，以太幣、Solana 和狗狗幣等代幣下跌了 3% 左右。隨著比特幣下跌，股票期貨也跟著下跌，道瓊工業指數期貨下跌150點，標準普爾500指數和那斯達克100指數期貨均下跌0.3%。週三市場因聖誕節休市，但週四早盤交易顯示節日氣氛逐漸減弱。

Santa Claus Rally Fizzles

聖誕老人聚會失敗

The Santa Claus rally, a period typically associated with market optimism, has lost some momentum. The S&P 500 has climbed by 1.8% this week, while the Nasdaq has surged by 2.3%, lifted by major tech players such as Tesla, Apple, and Alphabet.

聖誕老人漲勢通常與市場樂觀情緒有關，但現在已經失去了一些動力。受特斯拉、蘋果和 Alphabet 等主要科技公司的提振，標準普爾 500 指數本週上漲 1.8%，那斯達克指數上漲 2.3%。

However, the Dow has managed a meager 1% gain. For perspective, the S&P 500 typically averages a 1.3% return during this end-of-year period, significantly higher than its usual weekly gain of 0.3%.

然而，道瓊指數僅微幅上漲 1%。從長遠來看，標準普爾 500 指數在年底期間的平均回報率通常為 1.3%，明顯高於通常的周漲幅 0.3%。

Labor Market Tightens

勞動市場趨緊

Jobless claims have added some tension to the holiday trading buzz. Claims for the week ending December 21 totaled 219,000, below the 225,000 estimate. However, continuing claims, which represent individuals applying for benefits week after week, reached 1.91 million, the highest number since November 2021.

初請失業金人數為假日交易熱潮增添了一些緊張氣氛。截至 12 月 21 日當週，初請失業金人數總計 219,000 人，低於預期的 225,000 人。然而，連續申領人數（代表個人每週申請福利）達到 191 萬，這是自 2021 年 11 月以來的最高數字。

Overall, the S&P 500 is holding onto a marginal 0.1% gain for December. The Nasdaq has performed better, gaining 4.2% for the month, while the Dow is down 3.6%, on track for its worst monthly performance since April.

整體而言，標普 500 指數 12 月維持微幅 0.1% 的漲幅。那斯達克指數表現較好，本月上漲 4.2%，道瓊指數下跌 3.6%，預計創 4 月以來最差月度表現。

If the Dow can maintain its gains, it could end its three-week losing streak, its longest since March. The overall market sentiment can be summarized in one word: uneasy.

如果道瓊斯指數能夠維持漲勢，則可能會結束自三月以來最長的三週連續下跌。整體市場情緒可以用一個字來概括：不安。