Lookonchain APP

App Store

4E: US Stock and Crypto Markets Rebound, Focus This Week on US February PCE Price Index

2025.03.24 11:00:34

March 24th. Based on 4E monitoring, during the past week, the dovish remarks from the Federal Reserve and President Trump's statement regarding flexibility in the tariff plan successively boosted stock market confidence. After significant fluctuations, the three major indices closed up collectively for the week: the Dow increased by 1.2%, marking the largest weekly gain in more than two months; the S&P 500 rose by 0.51%, ending a four-week losing streak; the Nasdaq rose slightly by 0.17%, halting the previous four-week decline. However, large-cap tech stocks generally closed the week in a lower position, with Nvidia down by 3.26%, Tesla down by 0.53%, and experiencing a consecutive nine-week decline. The cryptocurrency market witnessed fluctuations but overall showed a mild upward trend. Bitcoin dipped below $81,000 on Tuesday and then rebounded. It surged above $87,000 on Thursday following the dovish comments from the Fed and hit a two-week high. After that, it oscillated around the $84,000 level. This morning, it experienced another rapid increase and was trading at $85,721 before the deadline, with a 3.18% increase in the past 7 days. Other major altcoins saw slight gains, with Ethereum striving to hold above $2,000, and the on-chain meme trend of BNB continued to attract attention. Signs of a market recovery are emerging, and investor sentiment is improving. In the commodities market, the US dollar index rose by 0.34% for the week, marking its first weekly gain this month. Tensions between Russia and Ukraine and in the Middle East continued to escalate, resulting in a more than 2% increase in crude oil prices for two consecutive weeks. Spot gold rose by 1.31% last week, extending a three-week upward trend. Last week, the Federal Reserve maintained interest rates unchanged, in line with market expectations, with the guidance for two rate cuts still in place for the year. Powell's remarks also brought some comfort to the market. This week, the focus is on the release of the Fed's preferred inflation measure - the PCE Price Index on Friday. Additionally, as the April 2nd "tariff deadline" approaches, market caution remains due to uncertainty. However, once the tariff outlook becomes clearer, the ongoing market turbulence of recent weeks may start to subside. As a financial trading platform that supports cryptocurrency, stock indices, commodities such as gold, and forex assets, eeee.com recently launched a USDT stablecoin financial product with an 8% annualized return, providing investors with a potential hedging option. 4E reminds you to be aware of market volatility risks and to allocate your assets rationally.
Relevant content

U.S. 10-year Treasury yield rises to four-week high.

Tradeweb data shows the U.S. 10-year Treasury yield has climbed to a four-week high, hitting 4.565%.

8 minutes ago

Arc testnet will conduct a load test today.

Arc announced that its testnet will conduct a planned load test on July 8, aimed at analyzing the network’s performance and stability under extreme conditions. The project’s official noted that users may encounter network congestion, higher transaction failure rates, elevated gas fees, extended block generation times, and brief pauses in block production during the test period.

8 minutes ago

Australian superannuation fund UniSuper plans to buy tech stocks on the dips, ignoring concerns about an AI bubble.

One of Australia’s largest pension funds, UniSuper, is seeking to buy U.S. tech stocks amid their pullback, brushing off concerns over high valuations and betting that artificial intelligence will drive earnings growth over the coming years. The fund’s chief investment officer, John Pearce, said UniSuper is structurally overweight U.S. tech stocks because the sector is at the “sweet spot” of the AI spending cycle, and will add to positions even if the sector pulls back by 10%. This bullish stance underscores the growing divergence among investors over the long-term outlook for U.S. mega-cap tech stocks, which have retreated from their all-time highs set last month. Pearce noted: “Everyone is talking about a bubble, but valuations don’t reflect that. We know they are investing heavily in capital expenditure, but these are companies with solid fundamentals and strong growth prospects, so we are very happy to continue holding long positions.” UniSuper, which manages A$166 billion (approximately $115 billion) in assets, has maintained an overweight position in U.S. tech stocks for months. International stocks account for roughly 35% of its default investment strategy, with Nvidia, Microsoft and Apple being its largest holdings.

8 minutes ago

The US has revoked Iran's oil sales waivers, leaving around 63 million barrels of Iranian crude oil stranded at sea.

According to Bloomberg citing Vortexa data, after the U.S. revoked waivers for Iran's oil sales, around 63 million barrels of Iranian crude oil are currently stranded at sea, with most tankers remaining in the Persian Gulf and Asian waters and having yet to find buyers. Previously, the U.S. had allowed Iran to sell crude oil within 60 days without sanctions, but this week revoked the waivers on the grounds of Iran's attacks on oil tankers in the Strait of Hormuz, resulting in a large backlog of loaded crude oil sales. Market analysts noted that driven by factors including sudden U.S. policy shifts, Western sanctions, and insurance restrictions, Iran's crude oil exports are facing renewed pressure. Apart from China, no Asian refineries have publicly purchased Iranian crude oil so far; industry insiders project that Iran may need to further deepen discounts to attract overseas buyers.

8 minutes ago

South Korea's KOSPI index extended its decline to 5%, with Samsung Electronics falling 6%.

South Korea’s KOSPI index extended its intraday decline to 5.00%, with a cumulative drop of over 20% from its June peak. The Korea Exchange has activated circuit breakers for the KOSPI index, suspending program trading. Samsung Electronics’ share price extended its loss to 6%.

8 minutes ago

Whale Alert: SK Hynix spiked and then pulled back, with a large whale closing out 3.4 million long positions and flipping to short.

According to Hyperinsight monitoring, SK Hynix (SKHX) opened with an 11% surge today before pulling back sharply, now trading at $1,423, having given back most of its intraday gains. Over the past half hour, two large whales that entered low positions on Hyperliquid overnight and early today have closed out all their long positions, totaling approximately $4.95 million. The address starting with 0x1cb closed 2,362 SKHX long positions at an average price of $1,438, worth around $3.4 million. As of press time, this address has flipped to short positions: it currently holds SKHX short positions (10x leverage) worth $1.63 million, at an average price of $1,457, with a liquidation price of $1,529, and an unrealized profit of roughly $51,000 (+23%).

8 minutes ago