23-hour trading! US stocks become a “global unified gambling hall”

The United States has once again made history. The U.S. has finalized new trading rules. Starting now, Nasdaq will trade for 23 hours every day. Aside from one hour each day for system maintenance, all the rest of the time is for trading. The market will operate 5 days per week—from Sunday night at 9:00 p.m. to Friday night at 8:00 p.m. You can trade to your heart’s content.

The new rules take effect on December 6. That means by the end of this year, we won’t have to stay up late watching U.S. stocks. Going forward, during the day we’ll trade U.S. stocks in the East, and at night in the West—money truly never sleeps.

Why is the U.S. doing round-the-clock trading at this moment? The most direct reason is simple: they’re eyeing our money.

With A-shares seeing daily trading volumes of two to three trillion yuan, and Hong Kong, Japan/Korea, and even India all reaching unprecedented levels of activity—so much money is moving. But U.S. stocks aren’t open for trading. The U.S. must be losing sleep, thinking: what a waste! They’re saying, no matter what, they have to get a piece of the pie.

The U.S. SEC estimates that extending trading hours would boost the average daily trading volume of U.S. stocks by 20%, attracting an additional inflow of foreign capital at the scale of one trillion dollars. Put plainly: “I’m looking at your money. I want to pull all your money into my venue and turn your existing funds into my incremental funds.”

The U.S. isn’t doing charity. If they open the market so global capital can all go over and make money, it’s not that simple. U.S. stocks’ total market value makes up two-thirds of the world’s total market value, and foreign investors hold U.S. stocks worth $1.7 trillion. It’s like in U.S. history: immigrants created the prosperity of the United States. And now, capital migration is also creating the prosperity of U.S. stocks. Nasdaq has risen for four consecutive years. The “seven tech giants”—just these seven companies—have a combined market value of about $2.2 trillion, which is more than all A-share companies combined.

With companies of this scale, sustaining the upward trend requires huge amounts of incremental capital. And after U.S. stocks open all day, the very first job of the incremental capital is to absorb the liquidity of tech stocks. On the surface, the U.S. is making it convenient for global investors. In reality, it’s about siphoning liquidity from other markets—adding fuel to the fire for artificial intelligence. $SOL