1. The U.S. envoy will meet Netanyahu regarding the Lebanon ceasefire issue. U.S. envoy Amos Hochstein is scheduled to travel to Israel on Wednesday evening to meet with Netanyahu, with discussions focused on the ongoing efforts to finalize the Lebanon ceasefire agreement.
2. Reports indicate that Kyiv, Chernihiv, Sumy, and Poltava regions have suffered significant missile attacks. The Ukrainian Air Force has issued missile alerts nationwide and urged residents to seek shelter immediately, as rockets are flying towards Kyiv, and air raid alarms have been sounded across much of Ukraine.
3. Big things that affect your wallet: NVIDIA will announce its third-quarter earnings on Wednesday, and on Friday, the U.S. S&P manufacturing and services data (including the U.S. consumer confidence index).
4. A Reuters opinion poll showed that among 67 economists, 57 indicated that the risk of inflation recovery in #America next year has increased, while 44 out of 51 economists stated that the tariff proposals of President-elect Trump would severely impact the U.S. economy.
5. Since the outbreak of the COVID-19 pandemic, the valuation premium has doubled, reaching a record nine times. The current P/E ratio of U.S. stocks is close to 23, while that of other regions globally is about 14.
Comprehensive stock holdings have risen to the 94th percentile, approaching extreme levels, indicating strong market sentiment.
And the major shareholders of $MSTR MicroStrategy include: Capital Group, Vanguard Group, and Morgan Stanley, surprisingly ranking in the top three institutions, while Jane Street Group can only rank tenth. Additionally, it seems they are all top-tier capital!
The narrative of artificial intelligence #AI needs to be looked at in light of today's #NVIDIA earnings report (Figure 1).
6. Did the Federal Reserve make a mistake in cutting interest rates this year?
The Federal Reserve lowered interest rates by 25 basis points on November 7, marking the second rate cut since 2024. Unlike in September, this decision did not provoke any dissent.
The central bank emphasized that it will continue to reduce its balance sheet at the current pace of up to $60 billion per month. They made slight modifications to the statement during the September to November period, indicating that the labor market conditions have generally eased rather than slowed down, and reiterated that the unemployment rate has risen but remains low.
But interestingly, the Federal Reserve removed the statement that inflation is making progress toward the 2% target, does that also indicate a lack of confidence in avoiding an economic recession?
However, after the meeting, there were greater concerns about whether the Federal Reserve's interest rate cut in the context of slowing inflation progress was a mistake.
7. According to data from CompaniesMarketCap on Wednesday, MICROSTRATEGY $MSTR has entered the list of the top 100 U.S. companies by market capitalization, ranking 97th with a market cap of $96.73 billion.
8. Bitcoin $BTC seems to be replicating the pattern of transitioning from winter to summer seen in the past two winters, reflecting the clear rhythm of its market cycle. Some speculate that Bitcoin may have been introduced by the U.S. for strategic reasons to maintain its dominance as the global reserve currency (Figure 2).
9. A certain country is watching the incoming U.S. administration's list, but does not know what it means for tariffs? Despite all this uncertainty, the preemptive devaluation of the Renminbi is of no value; it may only provoke the U.S. Remember that from April to October 2018, the U.S. announced a 25% tariff on half of the imported goods from China, leading to a 10% devaluation of the Renminbi.
10. According to the chart, China's exports to Central and Eastern European countries have surpassed those to Germany for the first time, which on one hand shows China's remarkable progress in advanced manufacturing, and on the other marks a significant challenge facing Europe (Figure 3).
11. According to the chart, the distribution of Bitcoin wallets by their holding value shows that the OGs holding wallets worth $10 million or more account for more than half of all wallets (Figure 4).
12. Interestingly, when South Korean authorities banned Bitcoin spot and futures trading, they also refused to launch investment funds for Bitcoin-related companies like #Coinbase, citing investor protection. It seems that South Korea is also protecting investors like some other countries!
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