就是这张图，使得知名游戏引擎开发商 On the first trading day of 2025, individual investors in the U.S. stock market played a guessing game led by the 'leader,' pushing Unity Software to rise more than 15% at one point. Meanwhile, Keith Gill released a GIF of the late musician Rick James; at the same time, the rise of Bitcoin led to an increase in various Concept stocks.
On January 3rd, according to the Financial Associated Press (Editor: Shi Zhengcheng), on the first trading day of 2025, without any thematic catalysts, individual investors in the USA played a guessing game under the leadership of the "big brother."
As background, Keith Gill, who is revered by individual investors in the USA as the "big brother" (online name "Roaring Kitty"), posted a GIF of the late musician Rick James on the evening of January 1st.$Reddit (RDDT.US)$Gill rose to fame on the "American Forum" for his role in pushing the "GameStop short squeeze event" in 2021, which received significant attention from the Global Capital Markets (and USA regulators).
It was this image that made the renowned game engine developer. $Unity Software (U.US)$ On Thursday morning, it once rose over 15%.
Although Unity's game engine is quite well-known, the company has faced governance issues in recent years. Even against the backdrop of a generally rising US stock market last year, it delivered a 45% annual decline, which speaks for itself.
As for why individual investors in the USA are speculating on Unity, a relatively credible explanation is that Rick James once sang a song called "Unity." Therefore, individual investors in the USA believe that their speculative leader is referring to this stock.
At the same time, some individual investors are trying to speculate. $GameStop (GME.US)$ 、 $AMC Entertainment (AMC.US)$ 、 $Trump Media & Technology (DJT.US)$ These traditional speculative Stocks have not formed a consensus, I'm afraid. After a rally in the early session, these Stocks have already given back their gains.
On Thursday, there were still some Stocks with strong speculative atmosphere that saw an increase. As the $Bitcoin (BTC.CC)$ rises by nearly $2000, it has returned to the $0.096 million level. $MicroStrategy (MSTR.US)$ 、 $Coinbase (COIN.US)$ 、 $Robinhood (HOOD.US)$ The relevant Concept stocks have collectively surged.
For the US stock market, this kind of 'animal spirit' is nothing new. A recent example is from November last year after the US election, where investors bet that Trump's pro-business policies could lead to a strong rise in US stocks. However, as the market began to consider more whether Trump's trade and domestic policies would trigger inflation and supply chain shocks, combined with the Federal Reserve's 'indication' to reduce interest rate cuts, the bullish sentiment in the US stock market clearly converged by the end of the year.
Of course, for investors' 'animal spirit', the macro fundamentals have never been an issue. The term 'Animal spirits' was proposed by economist Keynes in his 1936 publication 'The General Theory of Employment, Interest, and Money', describing how human decision-making in economic activities is often driven by emotions, intuition, and psychological factors, rather than purely rational calculations.
Lisa Shalett, the Chief Investment Officer of Morgan Stanley Wealth Management, mentioned in a recent report: 'Many investors assume that the Trump administration will lead to deregulation, thus unleashing the 'animal spirit'.' Lisa also warned that the specific effects of the new government's policies might differ significantly from these optimistic expectations.
Editor/Somer