Last night and this morning, global markets exploded! The Federal Reserve's related news + employment data + geopolitical turmoil struck three blows, with gold prices, stock prices, and cryptocurrency prices all rising, only Chinese concept stocks lagging behind!

📈 U.S. stocks celebrated collectively, while Chinese concepts fell

The Dow Jones surged by 408 points, an increase of 0.86%; the S&P 500 and Nasdaq rose by 0.30% and 0.17%, respectively, with the energy and financial sectors leading the way. However, popular Chinese concept stocks went in the opposite direction, with the Nasdaq China Golden Dragon Index falling by 1.38%—NIO and Xpeng dropped over 4%, Li Auto and New Oriental fell over 3%, and Alibaba, Baidu, and Pinduoduo also declined by over 1%, showing some pressure against the trend.

📉 Employment data surprisingly cold, interest rate cut expectations soar to 89%

The most critical ignition point has arrived: U.S. private sector employment in November actually decreased by 32,000, far below the market's expectation of an increase of 20,000! Once this data was released, the market immediately went crazy betting on an interest rate cut, with the probability of a rate cut by the Federal Reserve in December instantly soaring to 89%, causing U.S. Treasury yields and the dollar to decline, fully boosting expectations of easing.

🪙 Gold prices surged, oil prices opened high and soared

As expectations for rate cuts warmed up, gold immediately benefited—New York gold futures closed up 0.28%, reported at 4232.5 dollars per ounce. Additionally, a sudden explosion in the Russia-Ukraine oil pipeline, combined with energy-related dynamics, caused oil prices to open strong, with geopolitical factors adding fuel to the market.

In summary: The surprisingly cold employment data ignited the interest rate cut market, while U.S. stocks, gold, and cryptocurrency prices celebrated, and oil prices benefited from geopolitical factors. Now the market is focused on next week's Federal Reserve decision, and under this wave of liquidity easing expectations, risky assets are likely to stir for a while, meaning Chinese concept stocks will have to wait a bit longer for opportunities for a rebound!