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4E: Risk assets suffered a collective setback last week. This week we enter the Christmas holiday, and overall liquidity is poor.
Editor
2024-12-23 11:32 4,523
According to news on December 23, the Federal Reserve’s interest rate cut affected the market last week. Although the interest rate was cut by 25 basis points as scheduled on Wednesday, the hawkish stance of the dot plot and the speech after the meeting was far beyond expectations. The prospect of interest rate cuts next year has been cut in half. The risk market is facing the risk of December. The biggest correction since then has sent the market into panic, According to 4E Monitoring, after the release of PCE data on Friday, the three major U.S. stock indexes all closed up more than 1%. The S&P 500 fell 1.99% for the week, the Dow fell 2.25%, and the Nasdaq fell 1.78%. Crypto markets suffered their first week of losses after Trump’s election, with markets falling across the board. After Bitcoin rebounded from US$92,000 to nearly US$100,000 on Saturday, it began another wave of shock and decline. At the time of writing, it was trading at US$94,010, down 3.19% in the past 24 hours and 10.35% on the 7th; Ethereum fell below US$3,300. It fell by more than 18% on the 7th, and the copycat market fell sharply. Bitcoin spot ETF funds experienced net outflows for the first time in 15 days. In terms of foreign exchange commodities, the U.S. dollar index rose by 0.76% this week due to the Federal Reserve's hawkish interest rate cut, rising for three consecutive weeks, while non-U.S. currencies fell by more than 2% this week; oil prices fell by more than 2% this week; spot gold fell by 0.96% last week. Risk assets suffered a collective setback during this fall, mainly due to the selling panic caused by the impact of interest rate cut expectations. It was the market re-pricing around next year's interest rate cut expectations, not a recession narrative of economic fundamentals. This still has a long-term impact on risk assets. Solid support. During the Christmas holidays in European and American markets this week, the overall liquidity is poor, which will further increase market volatility, and the market has a strong risk aversion sentiment. eeee.com is a financial trading platform that supports cryptocurrencies, stock indexes, bulk gold, foreign exchange and other assets. It recently launched 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 fluctuation risks and allocate assets reasonably.
Keywords: Bitcoin
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