4E: The US dollar and US Treasury yields continued to rise, the Dow fell for three consecutive days, and risk assets were generally under pressure

On October 24th, according to 4E monitoring, the three major US stock indexes fell together on Wednesday, with the NASDAQ leading the way down 1.60%, due to weak stock prices of Apple and Nvidia, causing investors to sell technology stocks, chip stocks, and AI concept stocks. The Dow and S&P 500 both fell by about 1% and have been falling for three consecutive days. The cryptocurrency market followed the general decline of the US stock market, with Bitcoin approaching $65,000 at one point. As of the time of publication, Bitcoin was reported at $67,300, up 0.36%, and Ethereum was reported at $2,550, down 2.43%.

In terms of bulk commodities, as the election approaches, investors are weighing the possibility of Trump winning, which is considered the most favorable outcome for the US dollar. The US dollar index rose more than 0.3% to a three-month high, while the yen, euro, and pound all fell. Spot gold rose above $2,760 during trading, hitting a new historical high for five consecutive days. However, the US dollar and US bond yields rose together, putting pressure on precious metals, which turned from rising to falling. Spot gold fell 1.2% at the end of the day, and spot silver fell sharply by 4%, saying goodbye to its highest level in twelve years. The US EIA crude oil inventory last week increased more than expected, putting pressure on oil prices. US oil fell more than 1.3%, ending its two-day rally.

The Fed's Beige Book released on Wednesday showed that there was little change in US economic activity, and that the number of corporate hires has increased while inflationary pressures continue to ease. With a series of strong economic data released recently, the expectation of a Fed rate cut has weakened. In addition, "Trumpflation" has prompted the market to consider the possibility of a rate cut, especially next year's expectation, which has led to the continuous rise of the US dollar and US bond yields, putting pressure on low-risk assets such as stocks, bulk commodities, cryptocurrencies, and non-US currencies. Eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indexes, bulk gold, and foreign exchange. Recently, it has launched a USDT stablecoin wealth management product with an annualized return rate of 5.5%, providing potential hedging options for investors. 4E reminds you to pay attention to market volatility risks and to allocate assets reasonably.