On December 16, news reported by 4E monitoring indicates that the S&P 500 halted a three-week rally last week, dropping 0.64% for the week; the Dow Jones fell a cumulative 1.82% over the week, marking its seventh consecutive trading day of decline; the Nasdaq gained 0.34% for the week, breaking the 20,000 point barrier for the first time in history. Bitcoin rebounded to over $100,000 last week, setting a record for the longest seven-week rally since 2021. The altcoin market's momentum has decreased, with widespread significant pullbacks. For the week, Bitcoin ETFs saw a net inflow of $2.115 billion, Ethereum ETFs had a net inflow of about $712.7 million, and the supply of stablecoins increased by $2.1 billion, indicating a sustained optimistic trend in funding. As of the time of publication, Bitcoin surged suddenly, breaking its historical high to reach $106,648, with the top ten cryptocurrencies also showing an increase of about 1% to 4%. In the foreign exchange market, the US dollar index performed strongly last week, breaking above 107 on Friday and reaching a two-week high, with non-US currencies cumulatively declining for the week. International oil prices surged last week due to heightened geopolitical tensions, benefiting from market expectations of an upcoming interest rate cut by the Federal Reserve next week, while spot gold gained 0.56% for the week. The most closely watched economic event this week is the FOMC meeting of the Federal Reserve on Wednesday, followed by the announcement of interest rate decisions and quarterly economic forecasts on Thursday. Market expectations for a 25 basis point rate cut in December have been fully reflected, with expectations that rate cuts next year will be more cautious and gradual, potentially pausing in January. Additionally, this week is also the last 'central bank super week' of 2024, with as many as 25 central banks, including those of Japan, the UK, and Sweden, holding meetings in the same week; key central bank decisions could lead to market fluctuations, especially in the fast-paced foreign exchange and commodity markets. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, spot gold, and foreign exchange, and recently launched a USDT stablecoin wealth management product with an annualized yield of 5.5%, providing potential hedging options for investors. 4E reminds you to be mindful of market volatility risks and to allocate your assets reasonably.

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