It is rising, but more than 200 million yuan in net capital outflow has been recorded!

Markets are standing at a pivotal liquidity crossroads. The "Great Rotation" is accelerating, marked by a violent capital migration from the crowded AI complex into "Reflation" proxies like Utilities and Industrials.
This week, the narrative war extends beyond Growth vs. Value. The central question is whether macro tailwinds can survive a collision with "The Triple Threat": a reality check on U.S. Labor (NFP), the mech...

Hello I'm Steven. This note focuses on Broadcom’s earnings outlook and pre-earnings options setup.
With Nvidia currently on the back foot, Broadcom has effectively become the leader and bellwether for the semiconductor space, so this print is likely to decide whether the whole group moves higher or rolls over. At the end of the article, we outline what we see as the highest-probability options s...

🕐 Market Recap | Thursday, Dec 11, 2025
MSFT holds the line while NVDA, TSLA, GOOGL lead the selloff — mixed market with weak momentum
📈 Market Overview
A mid-day pullback hits the market with most mega-caps sliding:
• S&P 500 (SPX): -0.10% — choppy, rejected at intraday highs
• Only MSFT is meaningfully green
• Heavy red: NVDA, TSLA, GOOGL, AMZN
• VIX: -2.09% — volatility falling even as tech sells off, implying controlled rotation rather than panic
🧵 Sto...