4E: Next week's interest rate cut is almost certain, tech stocks surge, Nasdaq hits a new high, and the crypto market rebounds collectively
ChainCatcher news shows that the U.S. November CPI accelerated both year-on-year and month-on-month, while the core CPI's year-on-year and month-on-month increases remained the same as in October. These data points are fully in line with expectations, and the market has almost completely priced in a 25 basis point rate cut by the Federal Reserve in December.According to 4E monitoring, U.S. stock indices showed mixed results on Wednesday, with the Dow Jones down 0.22%, the S&P 500 up 0.82%, and tech stocks and chip stocks rising collectively, pushing the Nasdaq up 1.77%, reaching a historic high and closing above the 20,000 point mark for the first time. Among large tech stocks, Tesla rose nearly 6%, leading Google, Meta, Amazon, and other tech giants to new highs. Tesla's six consecutive trading days of gains also made Musk the world's richest person with a net worth exceeding $400 billion. Cryptocurrency-related stocks surged collectively, with MicroStrategy up over 9% and Coinbase nearly 4%.With the U.S. CPI data meeting expectations, the overall cryptocurrency market has rebounded. Bitcoin rose 4.5% to regain the $100,000 mark, Ethereum broke through $3,800, and altcoins collectively rebounded, generally returning to the positions before yesterday's decline. Data shows that the U.S. Bitcoin spot ETF saw a net inflow of $223 million yesterday, and over 970 million USDT flowed from Tether to CEX in the past 24 hours, indicating active market trading and strong bullish sentiment.In the forex commodities sector, the dollar experienced a V-shaped rebound, rising for four consecutive days to a two-week high, while non-U.S. currencies fell broadly; rate cut expectations boosted gold prices, with spot gold climbing 0.9% to test $2,720, reaching a five-week high; U.S. EIA crude oil inventories fell more than expected last week, and with global demand expected to recover, oil prices continued to strengthen under these dual positive factors.With the non-farm and CPI data released, a rate cut by the Federal Reserve next week has almost become a certainty. However, given that the data itself has increased compared to previous values, it has somewhat compressed the Fed's room for rate cuts next year, and the market expects a lower probability of a rate cut in January. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and forex, recently launching a USDT stablecoin financial product with an annualized return of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and to allocate assets reasonably.