【4E: Bitcoin's bullish sentiment in December is strong, this week's 'non-farm + Powell' will set the tone for year-end interest rate cuts】On December 2, news emerged that the rise of the 'Trump trade' in November became the dominant factor driving global market trends. According to 4E's monitoring, all three major U.S. stock indices rose last week, with weekly gains exceeding 1%. In November, the Dow Jones rose 7.5% and the S&P 5.7%, both achieving the largest single-month gains of the year, while the NASDAQ rose over 6%. Large tech stocks generally rose, with Tesla accumulating a gain of over 38% in November, marking its best performance in nearly two years, and Nvidia's year-to-date gain reaching 179.23%. So far this year, the S&P 500 index has risen over 27%, while the index gained 24% last year, leading to differing views on the outlook for U.S. stocks. The cryptocurrency market performed brightly in November, attracting widespread global attention. Bitcoin's monthly gain exceeded 37%, and Ethereum's gain reached 54%. Altcoins experienced significant increases by the end of the month, with market share continuing to expand; Bitcoin's market share has dropped by 8.15% since the peak of this bull market (61.78% on November 21), while the total market value of altcoins rose nearly 70% in November. Historical data shows that Bitcoin's average gain in December during previous halving years is significant, combined with the fact that most of Trump's cabinet are cryptocurrency investors, leading to strong bullish sentiment in the market. In the commodities forex market, the dollar fell 1.67% last week, ending an eight-week streak of gains, with a cumulative increase of 1.72% in November. The 'Trump trade' boosted the dollar in November, hindering the rise of gold, resulting in a sell-off after the election, with spot gold declining about 3.7% in November, marking the largest monthly drop since September last year. Oil prices continued to decline last week, with weekly losses exceeding 3%. In recent weeks, investors have focused on Trump's various economic policies, but at the same time, the changes in expectations for interest rate cuts by the Federal Reserve have also been quite subtle. While the market anticipates an increased probability of continuing interest rate cuts in December, the room for rate cuts in 2025 is continuously decreasing. The 'near increase, far decrease' reflects, to a large extent, anxiety about the potential rekindling of inflation under Trump's administration in the future. Powell's speech this Thursday and the non-farm data on Friday will largely set the tone for year-end interest rate cuts. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, commodities gold, and forex, recently launching a USDT stablecoin financial product with an annualized yield of 5.5%, providing investors with a potential safe-haven option. 4E reminds you to pay attention to market volatility risks and to reasonably allocate assets.

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