December 4th pre-market news. The Fed's interest rate cut is a given, benefiting this sector.

In November, the U.S. job numbers decreased by 32,000, falling short of market expectations, with further expectations for an interest rate cut in December. This is beneficial for the resource and non-ferrous metal sectors.

On Wednesday, U.S. stocks closed higher, with the Dow up 0.86%, the Nasdaq up 0.17%, and the S&P up 0.3%.

Large tech stocks showed mixed results, with Tesla rising over 4.08%, Oracle up 3.3%, Google up 1.46%, Microsoft down over 2%, and Nvidia down over 1%. Non-ferrous metals led the gains, while the storage chip sector declined.

Moore Threads will be listed on the Science and Technology Innovation Board on December 5th, with an issuance price of 114.28 yuan per share.

Most popular Chinese concept stocks fell, with the Golden Dragon Index down 1.38%, NIO and XPeng down over 4%, Li Auto down over 3%, Bilibili down 2%, and Alibaba and Baidu down over 1%, while the Hang Seng Technology Index futures rose 0.33%.

Futures for gold and oil rose slightly, with the renminbi appreciating to close at 7.05.

As the year-end approaches, looking back, we find that although this year's market index has had decent gains, the opportunities to outperform the index are highly concentrated in a few sectors, making it difficult to capture profit effects, with structural differentiation very obvious; if you can't catch the rhythm, it's all in vain.

By the end of the year, U.S. stocks are expected to perform better than A-shares, so consider part of the allocation to buy overseas funds.

Recently, institutions and large investors have continuously increased their long positions in stock index futures for six consecutive days, indicating that they are not bearish at this position.

The long-short ratio of sectors has decreased compared to yesterday's bullish positions, but most are still above 1.0, which is beneficial for a bullish counterattack.

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