4E: BTC December bullish sentiment is strong, this week "non-farm payrolls + Powell" will set the tone for year-end rate cuts

On December 2, it was reported that the rise of the "Trump trade" in November became the dominant factor driving the trend of the global market. According to 4E monitoring, the three major U.S. stock indexes rose together last week, with a weekly rise of more than 1%. In November, the Dow rose 7.5% and the S&P rose 5.7%, both set the largest monthly rise this year, the Nasdaq rose by more than 6%, the large technology stocks rose by more than 6%, TSL rose by more than 38% in November, the best in the past two years, and Nvidia rose by 179.23% during the year. So far this year, the S&P 500 has risen more than 27%, and last year the index rose 24%, triggering a divergent view of the outlook for U.S. stocks. The encryption market performed well in November, triggering widespread global following. BTC's monthly increase exceeded 37%, while Ethereum's increase reached as high as 54%. Altcoins saw a significant pump at the end of the month, continuously expanding their market share. BTC's market dominance has dropped by 8.15% from the peak of this bull market (61.78% on November 21st), and the total Market Cap of altcoins experienced a unilateral pump of nearly 70% in November. Historical data shows that BTC's average increase in December during Halving years is significant, coupled with the fact that most of the Trump administration's cabinet are cryptocurrency investors, creating a strong bullish sentiment in the market. In terms of bulk forex, the dollar fell 1.67% last week, ending an eight-week rise, with a cumulative rise of 1.72% in November. The 'Trump trade' boosted the dollar in November, thwarting the rise of gold and triggering dumping after the election. Spot gold fell by about 3.7% in November, the largest monthly decline since September last year. Oil prices continued to fall last week, with a weekly decline of over 3%. Over the past few weeks, investors have focused on many of Trump's economic policies, but at the same time the Fed's interest rate cut expectations have been rather subtle. Although the market expects that the probability of further interest rate cuts in December has increased, the room for interest rate cuts in 2025 is constantly dropping. Behind the "near increase and far decline", to a large extent, it reflects anxiety about the resurgence of inflation under the Trump administration in the future. And Powell's speech on Thursday and Friday's non-farm payrolls data will largely set the tone for a year-end rate cut. eeee.com is a financial trading platform that supports Cryptocurrency, stock indices, bulk gold, forex and other assets. It recently launched a USDT Stable Coin wealth management product with an Annual Percentage Rate of 5.5%, providing potential hedging options for investors. 4E reminds you to pay attention to market fluctuations risks and allocate assets reasonably.