4E: US stocks rose for the sixth consecutive week, gold hit a new high, and optimism in the crypto market is emerging

On October 21st, a series of data released recently has paved the way for a "soft landing" of the US economy, while there are only two weeks left until the US election, and the market is pricing in the prospect of Trump's victory, with a general upward trend in global financial markets. According to 4E monitoring, the Dow rose 0.96% last week, the S&P 500 rose 0.85%, and the Nasdaq rose 0.80%. The three major US stock indexes have risen for six consecutive weeks, with the S&P and Dow also setting a record for the longest consecutive weekly gains this year. The cryptocurrency market is replicating the upward trend that began in late October in history. As of the time of writing, Bitcoin is reporting $69,198, just one step away from the 70,000 mark, with a weekly increase of 10.41%, while Ethereum is reporting $2,741, up 11.95% for the week. In the foreign exchange and bulk commodity markets, the US dollar index fell back after a continuous rise last Friday, but still remained above the 103 mark, with a cumulative increase of about 0.6% for the week and a three-week consecutive increase. The US election heating up and more expected monetary policy easing have helped push spot gold to refresh historical highs for two consecutive days last Thursday and Friday, with a cumulative increase of about 2.4% for the week, while silver rose about 7% to nearly a 12-year high for the week. The oil market performed poorly last week due to concerns about global demand prospects and factors such as the US pushing for a Gaza ceasefire. US oil fell more than 8% for the week, ending a two-week consecutive rise, while Brent oil fell nearly 7%. The global economy is experiencing unexpected benefits, and market optimism is emerging, but political uncertainty still exists as the US election enters a critical stage. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indexes, bulk gold, and foreign exchange. It recently 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 allocate assets reasonably.