Global Market Indicators

Coin Perspective Sharing For Nov. 23 / Global Market Indicators

Fed's end of rate hike continues expectations -> Stock market optimism highlighted
All three major indexes are up
Stock market optimism grows ahead of end of year after Thanksgiving
In the minutes of the November Fed meeting, the Fed will stop changing its policy for the time being, with inflation indicators and
Although it suggests that we will look at the changes and does not mention a rate cut
Market still sees growing expectations for end of rate hike
Federal Fund (FF) interest rate futures close, according to Chicago Mercantile Exchange (CME) FedWatch
There is a 95 chance that the Fed will freeze interest rates in December.Slightly higher than the previous day at 2%

The number of unemployment claims decreased by 24,000 from the previous week to 209,000

Due to a recent incident and the reason of Sam, the father of AI
Many Coins Are Showing Quite a Variation
As of today, we are recovering again, and we will continue our upward trend today
Expected

11/23 Global Market Indicators
Dow: 35,273.03 (0.53% higher 📈)
S&P 500: 4,556.62 (up 0.41% 📈)
Nasdaq 100: 16,001.39 (0.43% higher 📈)
Bitcoin (Binance): $37,408 (up 4.66%) 📈

📌 Key content

1️⃣ The New York Stock Exchange rose a day before the Thanksgiving holiday, beating the previous day's decline.

2️⃣ In the market on this day, prospects for a strong stock market next year were raised. The move comes as Bank of America (BofA) released a report saying that the S&P 500 index will rise to 5,000 at the end of next year under the judgment that most macroeconomic uncertainties have passed the previous day. RBC Capital Markets also predicted that the S&P 500 index will rise to the 5,300 mark next year.

3️⃣ U.S. Treasury yields rose slightly due to unemployment indicators, but they still rose from their lowest level in two months on the benchmark 10-year basis. The 10-year interest rate fluctuated around 4.40% on the same day, and the 2-year Treasury bond rate moved around 4.89%.

4️⃣ The unemployment index released on the same day showed that the labor market is still solid. According to the U.S. Department of Labor, the number of new unemployment insurance claimants per week was 209,000, down 24,000 from the previous week. This was the lowest level in five weeks and lower than Wall Street's forecast (229,000).

5️⃣ However, orders for durable goods suggested a slowdown in the economy. U.S. orders for durable goods (products that can be used for more than three years) fell 5.4% month-on-month to $279.4 billion in October. It turned to a decline from the previous month's 4% increase, and the figure was weaker than Wall Street expectations (down 3.4 percent).

6️⃣ Hester Peirce, a member of the U.S. Securities and Exchange Commission (SEC), called "Crypto Mom," said in a Bloomberg interview, "There is no reason for us to interfere with Bitcoin (BTC) spot exchange-traded funds (ETFs)."