US Stock Market Rebounds, GameStop Surges

美股反弹 GameStop 飙升

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.

在美联储的干预下，经过一段时间的剧烈抛售，美国股市正在复苏。 GameStop (GME) 今天上涨超过 4%，将其连涨势头扩大至连续四天。

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.

最近的股价飙升是在散户投资者偶像基思·吉尔（Keith Gill）（又名“咆哮的小猫”）发表的圣诞节帖子之后引发的，该帖子引发了该股的反弹，并在 2024 年继续波动。

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.

视频游戏零售商 GameStop 今年的涨幅高达 77%，成为市场上最受关注的股票之一。这一激增引起了交易员的关注，并进一步加剧了本已火爆的市场。

Crypto-Linked Stocks Decline

加密货币相关股票下跌

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.

与整体市场复苏形成鲜明对比的是，与加密货币相关的股票并没有分享同样的命运。随着比特币大幅下跌，MicroStrategy、Coinbase 和 Riot 平台均出现下跌。通常被视为比特币代理的 MicroStrategy 下跌约 3%，Coinbase 下跌 2%，Riot Platforms 下跌超过 2%。截至撰写本文时，比特币本身已贬值 3%。

MicroStrategy Buoys Bitcoin

MicroStrategy 提振比特币

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 最近进行了 5.61 亿美元的重大投资，以扩大其比特币持有量。此次购买标志着连续七周的不间断购买，最新一次收购的平均价格接近上周比特币的历史高位。该公司已宣布计划发行额外股票以进一步增加其比特币积累。

Bitcoin's Dominance Wanes

比特币的主导地位减弱

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.

尽管近期有所下跌，但比特币今年仍大幅上涨 135%，远远超过黄金和全球股票的回报。然而，分析师警告不要自满，因为交易员预计，由于大量比特币和以太币衍生品合约即将到期，将会出现大幅波动。

Broader Market Correction

大盘调整

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.

更广泛的加密货币市场也未能幸免于近期的调整，以太坊、Solana 和狗狗币等代币下跌了 3% 左右。随着比特币下跌，股票期货也跟着下跌，道琼斯工业平均指数期货下跌150点，标准普尔500指数和纳斯达克100指数期货均下跌0.3%。周三市场因圣诞节休市，但周四早盘交易显示节日气氛逐渐减弱。

Santa Claus Rally Fizzles

圣诞老人集会失败

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.

圣诞老人涨势通常与市场乐观情绪相关，但现在已经失去了一些动力。受特斯拉、苹果和 Alphabet 等主要科技公司的提振，标准普尔 500 指数本周上涨 1.8%，纳斯达克指数上涨 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，道指仅微幅上涨 1%。从长远来看，标准普尔 500 指数在年底期间的平均回报率通常为 1.3%，明显高于通常的周涨幅 0.3%。

Labor Market Tightens

劳动力市场趋紧

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.

初请失业金人数给假日交易热潮增添了一些紧张气氛。截至 12 月 21 日当周，初请失业金人数总计 219,000 人，低于预期的 225,000 人。然而，连续申领人数（代表个人每周申请福利）达到 191 万，这是自 2021 年 11 月以来的最高数字。

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.

总体而言，标准普尔 500 指数 12 月份保持微幅 0.1% 的涨幅。纳斯达克指数表现较好，本月上涨 4.2%，而道指下跌 3.6%，有望创 4 月份以来最差月度表现。

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.

如果道琼斯指数能够维持涨势，则可能会结束自三月份以来最长的三周连续下跌。整体市场情绪可以用一个词来概括：不安。