According to ChainCatcher news, after a strong rebound following the election, market sentiment cooled somewhat last week, as Federal Reserve Chairman Powell seemed inclined to slow the pace of rate cuts, dampening the excitement generated by the "Trump trade".
According to 4E monitoring, the three major US stock indexes hit new highs on Monday last week but continued to soften, and on Friday, the sharp reduction in rate cut expectations put pressure on the US stock market, with the S&P 500 index falling 2% in the past five trading days, erasing half of its gains since the election, the Dow Jones index fell 1.24% this week, and the Nasdaq fell 3.15% this week, the largest weekly decline since September.
Bitcoin broke through $93,000 to hit a new high on Wednesday, but began to consolidate under the influence of the US stock market correction, but showed resilience, currently fluctuating narrowly around the $90,000 mark, closing at $90,799 prior to publication, up nearly 12% in 7 days. Other followed Bitcoin's volatility, with SOL benefiting from the frenzy of and showing strong rebound and upward momentum.
In the foreign exchange and commodity markets, the easing of Fed rate cut expectations has led to a continued strengthening of the US dollar, which reached its highest level in over a year, with the US dollar index rising 1.6% last week and rising for seven consecutive weeks. The strong US dollar has continued to put pressure on commodities, with spot gold falling about 4.6% last week, the largest weekly decline in three years, down nearly 9.3% from its all-time high, US oil down nearly 5%, and Brent oil down nearly 4%.
The current market focus is on inflation concerns and a more hawkish outlook for the Federal Reserve after the Trump administration took office. Powell's speech on Thursday basically said that Federal Reserve officials do not need to rush to cut rates, causing traders to sharply reduce their rate cut expectations. The decline in sentiment, the uncertainty of monetary policy, has increased the resistance to the market's upward trend. eeee.com is a financial trading platform that supports cryptocurrencies, stock indexes, bulk gold, foreign exchange and other assets, and has recently launched a USDT stablecoin wealth management product with an annualized yield of 5.5%, providing investors with a potential hedging option. 4E reminds you to pay attention to market volatility risks and allocate assets reasonably.
