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Software stocks are facing a survival challenge for AI, which is a structural revaluation of value.

The share price of traditional professional services/software companies such as Thomson Reuters, RELX and Wolters Kluwer have all gone down. Market interpretation: Previously, the market thought that AI would make these companies more efficient (lido); now, the market believes that if AI can directly help lawyers review contracts and prepare reports for accountants, who would need to subscribe to these expensive traditional software?

After the recent wave of sell-offs, the precious metal market has swept away a large number of over-leveraged futures newcomers in the short term. With no competitors to sell, it is expected that the market will soon return to order. Compared with the larger global bond and stock markets, the precious metal futures market has always been a niche market involving miners and professional speculators. I do not believe that this sell-off will pose a systemic risk to the global capital market

The previous generation was used to shaking their heads and sighing at the 24/7 "casino" in the cryptocurrency exchange, denouncing it as the depravity of the younger generation. However, this moral superiority overshadows a deeper and more ironic economic reality: when the traditional path of wealth accumulation—the postwar myth of hard work, savings, home purchase, retirement—has been completely shattered by the inflation and asset bubble—speculation is no longer gambling, but the only rational choice. When hard work fails to afford a house for a lifetime, throwing savings into what is called "speculation" platforms can instead seem like a well-thought-out risk hedge.

The main logic behind the recent surge in gold prices is de dollarization and risk aversion. I do not believe that Warsh 's appointment as the next chairman of the Federal Reserve can reverse the global trend of de dollarization. Therefore, I still view the decline in gold prices as just a normal adjustment after a sharp rise, and if the drop in gold prices leads to a major adjustment in gold mining stocks, I think it is a buying opportunity.

Kevin Warsh, a defender of the free market and a master of currency, believes that prices (including interest rates) are the most important signals in the market and that governments should not intervene. He has publicly criticized the Federal Reserve for its long-term quantitative easing policy, artificially lowering long-term debt rates, essentially alternative price controls. He believes that central banks should only enter the market as the last lender of last resort only when the market is extremely ineffective, and in other cases, they should allow the market to operate freely. The price discovery process should not be curbed. From this perspective, when the stock market plunges, you cannot expect the Wash-led Federal Reserve to provide the Fed Put (taking steps to stabilize the mark

Mainland sports brand Anta (02020) announced an agreement with Groupe Artémis, the investment firm of the Pinault family of France, to acquire a 29.06% stake in Puma SE, owned by the German sports brand Puma, for a cash consideration of 35 euros per common share, totaling 1.506 billion euros (about Rmb12.78 billion), paid through internal resources. After the transaction was completed, Anta became a major shareholder of Puma. It is expected to be completed by the end of the year, and yesterday the stock price rose by 2%. Anta said Puma, as an international leading sports brand with a deep history, its global business is highly complementary to Anta's existing multi-brand and layout. After becoming Puma's largest shareholder, Puma will not directly intervene in Puma's operations, and the br

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Since 2026, the global stock market has absorbed $39.3 billion inflows of funds. The US stock market was in dismal: During the same period, only $777 million inflows were recorded, and even $17 billion was outflowed last week due to tariff panic. Conclusion: The funds are undergoing a "great rotation" from crowded US technology stocks to an international market with lower valuations and benefits from the depreciation of the US dollar.

TCL Electronics (HKG: 01070) has signed a memorandum of understanding with Sony Corporation (NYSE: SONY) to form a joint venture that will take over Sony's global home entertainment (TV and home audio) business

We have a huge fleet heading towards Iran; the measures of imposing a 25% tariff on any country that trades with Iran will soon come into effect.

(00806) in an interview with Bloomberg, founder Xie Qinghai admitted that his family office has now allocated 25% of its assets to precious metals and related mining assets. More than a decade ago, its ETF division launched its gold physical ETF. It is rumored that the gold ETF was established in Mr. Xie's idea, and this shows the timing of its allocation of gold assets

If you are still worried about whether AI is a foam, yesterday TSMC gave you a loud slap in the face with real gold and silver - not to wake you up, but to plunge you into a crazier bullish dream! The market had originally expected that the semiconductor cycle might peak, but TSMC said it would not only exceed expectations across the board, but also send a shockwave: capital expenditures (CapEx) in 2026 would skyrocket to $52 billion to $56 billion. This not only set a record high, but also directly shattered the rumors of an 'AI demand slowdown'. This is not a big picture; this is an arms race of real gold and silver.