4E: Risk assets collectively suffered setbacks last week. This week is the Christmas holiday, and liquidity is generally poor

On December 23, the Federal Reserve's interest rate cut affected the market performance last week. Although the Fed cut interest rates by 25 basis points as scheduled on Wednesday, the dot plot and hawkish stance in the post-meeting statement exceeded expectations, halving the prospect of rate cuts next year. The risk market faced the biggest pullback since December, causing market panic. According to 4E monitoring, after the release of PCE data on Friday, the panic caused by the tightening of rate cuts was alleviated. The three major U.S. stock indexes closed up more than 1%, but all declined for the week. The S&P 500 index fell 1.99% for the week, the Dow Jones fell 2.25%, and the Nasdaq fell 1.78%. The cryptocurrency market encountered the first weekly decline since Trump's election. Bitcoin rebounded from $92,000 to nearly $100,000 on Saturday, but then began to fluctuate and decline, currently reporting $94,010, down 3.19% in the last 24 hours and 10.35% in 7 days. Ethereum fell below $3,300, down more than 18% in 7 days, and altcoins also fell sharply. The Bitcoin spot ETF saw net outflows for the first time in 15 days. In the foreign exchange and commodity markets, the U.S. dollar index rose 0.76% this week due to the Fed's hawkish rate cut, rising for the third consecutive week, while non-U.S. currencies fell across the board. Cautious monetary policy has raised concerns about weak economic activity potentially reducing oil demand next year, with oil prices falling more than 2% for the week. Spot gold fell 0.96% last week. This decline in risk assets is mainly due to the disruption of rate cut expectations, which is a repricing of the market's expectations for rate cuts next year, rather than a deterioration of the economic fundamentals, which still provides long-term solid support for risk assets. This week, as European and American markets enter the Christmas holiday, overall liquidity will be poor, further increasing market volatility and risk aversion. is a financial trading platform that supports cryptocurrencies, stock indexes, bulk gold, foreign exchange and other assets. Recently, it has 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.