This morning, I took a glance at the financial circle, and a few pieces of news are worth discussing.

U.S. stocks performed well last night—the Dow climbed 0.61%, and both the Nasdaq and S&P rose over 0.5%, with all three major indices showing gains. This collective upward momentum can inject some confidence into the risk asset market, as the liquidity in traditional finance is often linked with the digital asset sphere.

There are new actions on the regulatory front. Tianfeng Securities has been put under investigation for information disclosure violations and illegal financing, and the live-streaming e-commerce sector is also preparing to introduce new regulations. It seems that compliance is a string that must be tightened in any industry.

The data from the real economy is also quite solid: in the first 10 months, the total logistics volume nationwide increased by 5.1% year-on-year, and the economic cycle is steadily operating. The price of Moutai has recently rebounded to 1595 yuan per case, showing some improvement on the consumption side.

In addition, the fixed pricing for ride-hailing services has been suspended in multiple regions, and the low-altitude economy in Guangdong has surpassed a scale of 100 billion... Putting these details together, it can be seen that the macroeconomic situation remains relatively stable. The market has fluctuations, but the foundation hasn't collapsed, which is overall a good thing for various asset allocations.