COINOTAG News reports that the resurgence of the “Trump Trade” in November has played a pivotal role in shaping global market dynamics. According to 4E monitoring, the major U.S. stock indices experienced notable weekly gains, with each index rising over 1%. The Dow surged by an impressive 7.5%, while the S&P 500 and Nasdaq followed suit with increases of 5.7% and over 6%, respectively, marking significant monthly performance. Noteworthy advancements were seen in large-cap technology stocks, with Tesla achieving a remarkable 38% increase and Nvidia soaring with a 179.23% year-to-date performance, further fueling investor optimism.
The cryptocurrency sector also thrived in November, drawing considerable global focus. Bitcoin registered an impressive 37% monthly gain, while Ethereum soared by 54%. Notably, altcoins capitalized on this momentum, collectively increasing their market share. Bitcoin’s dominance has declined by 8.15% since the market peak on November 21st, indicating a shifting landscape as altcoins experienced a nearly 70% surge in value.
In forex markets, the U.S. dollar experienced a decline of 1.67% last week, interrupting its eight-week ascent, despite a cumulative gain of 1.72% in November. The ongoing developments from the “Trump Trade” contributed to the dollar’s performance, dampening gold prices, which saw a 3.7% drop in November, the most significant decline recorded since September of the previous year. Additionally, oil prices fell over 3% last week, highlighting market volatility and investor sentiment.
In light of recent economic policies proposed by Trump, focus has shifted to expectations surrounding Federal Reserve rate adjustments. There is a heightened expectation for a rate cut in December, though projections for cuts in 2025 remain constrained. This outlook signals apprehensions regarding potential inflation spikes. Following Powell’s statements and upcoming nonfarm payroll data, the trajectory for year-end rate adjustments is on the verge of being defined. Meanwhile, eeee.com has unveiled a USDT stablecoin financial product offering an appealing 5.5% annualized return, catering to investors seeking hedging opportunities amidst market fluctuations. 4E advises maintaining a cautious approach to asset allocation due to inherent market risks.