市场资讯晨报：CPI数据牵动市场神经，小型股失宠

Investment Rating - The report does not provide a specific investment rating for the companies discussed [3]. Core Insights - The report highlights a shift in investor preference from small-cap stocks to large-cap stocks due to increasing economic concerns, with significant fund outflows from small-cap ETFs [1][2]. - The upcoming CPI data and retail sales reports are critical for assessing consumer demand and potential economic slowdown, which could impact market sentiment [1]. - Google is set to launch its Pixel 9 smartphone, aiming to compete with Apple's iPhone by leveraging AI and proprietary technology [5][6]. - Marathon Digital plans to issue 250 million in convertible preferred notes to acquire more Bitcoin, despite facing significant losses in the previous quarter [6][7]. Summary by Sections Economic Overview - The U.S. stock market showed mixed results, with the Dow Jones Industrial Average declining while the S&P 500 and Nasdaq Composite saw slight gains [1]. - The Russell 2000 index fell by 0.9%, indicating a decline in interest in small-cap stocks [1]. - Investors are awaiting CPI data, expected to rise by 0.2% month-over-month, with year-over-year inflation anticipated to remain at 3% [1]. Market Trends - There has been a notable outflow of 2.6 billion from the iShares Russell 2000 ETF, marking the highest withdrawal in nearly three years [1][2]. - Large-cap stocks are favored as economic outlooks become more uncertain, with the S&P 500 index remaining relatively stable [2]. Company-Specific Developments - Google is launching the Pixel 9 smartphone, which will feature the new Tensor G4 processor and advanced AI capabilities, aiming to enhance its competitiveness in the consumer electronics market [5][6]. - Marathon Digital's strategy to increase Bitcoin holdings through the issuance of convertible notes reflects a commitment to leveraging cryptocurrency despite recent financial challenges [6][7]. Financial Market Dynamics - The report notes a significant increase in U.S. Treasury issuance, which may affect market liquidity and interest rates, with expectations of rising rates following increased supply [5][8]. - The report also discusses the implications of the Federal Reserve's reverse repurchase agreements and the cautious outlook on future interest rate movements [5][8].