4E: Next week's interest rate cut is almost a certainty, tech stocks surge with NASDAQ hitting a new high, and the cryptocurrency market collectively rebounds

【4E: Next week's interest rate cut is almost a certainty, tech stocks surge with NASDAQ hitting a new high, and the cryptocurrency market collectively rebounds】On December 12, news reported that data shows the U.S. November CPI increased significantly year-on-year and month-on-month, while core CPI's year-on-year and month-on-month growth remained the same as October. These data points fully met expectations, and the market has almost completely priced in a 25 basis point cut by the Federal Reserve in December. According to 4E monitoring, U.S. stock indexes had mixed performances on Wednesday, with the Dow Jones down 0.22%, the S&P 500 up 0.82%, and tech stocks and chip stocks generally rising, pushing the NASDAQ up 1.77%, reaching a historical high and closing for the first time above the 20,000 points mark. Among major tech stocks, Tesla surged nearly 6%, leading Google, Meta, Amazon, and other tech giants to reach new highs, while Tesla's six consecutive trading days of gains made Musk the world's richest person with a net worth exceeding $400 billion. Cryptocurrency-related stocks collectively soared, with MicroStrategy up over 9% and Coinbase nearly 4%. Following the announcement of U.S. CPI data meeting expectations, the entire cryptocurrency market warmed up and rose. Bitcoin increased by 4.5%, reclaiming the $100,000 mark, while Ethereum broke through $3,800, and altcoins collectively rebounded, generally returning to positions before the previous day’s decline. Data showed that the U.S. Bitcoin spot ETF experienced 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 foreign exchange sector, the dollar saw a V-shaped rebound, rising for four consecutive days to a two-week high, while non-U.S. currencies generally fell; 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 global demand is expected to recover, leading to further increases in oil prices. With the non-farm and CPI data released, a Federal Reserve interest rate cut next week has almost become a certainty. However, given that the data itself has increased compared to previous values, it has somewhat limited the Fed's space for rate cuts next year, and market expectations suggest a lower chance of a rate cut in January. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, bulk gold, and foreign exchange, and has recently launched a USDT stablecoin financial product with an annualized yield of 5.5%, providing potential hedging options for investors. 4E reminds you to pay attention to market volatility risks and to allocate assets reasonably.