Yesterday, global assets showed a divergence pattern, with the three major US stock indices closing slightly lower. The Dow Jones Industrial Average fell by 0.51%, the Nasdaq Composite declined by 0.5%, and the S&P 500 dropped by 0.35%. Tesla's stock price decreased by more than 3%, and the Nasdaq Golden Dragon China Index also closed down by 0.67%. In contrast, major European stock indices performed relatively resilient, with the Germany DAX30 up by 0.1%, the France CAC40 up by 0.1%, and the UK FTSE 100 slightly down by 0.04%.

The commodities market showed a clear divergence. International crude oil futures surged strongly, with WTI crude oil February contracts rising by 2.36%, Brent crude oil February contracts up by 2.14%, and settlement prices increasing by over 2%. However, the precious metals market experienced a heavy plunge—COMEX gold futures plummeted by 4.45%, and silver performed even worse, with futures down by 7.2% and spot silver dropping nearly 9%. Among precious metals, palladium and platinum fared the worst, with spot palladium falling by over 15% and spot platinum dropping by over 14%.

Additionally, the market paid attention to US President Trump’s latest remarks on the Federal Reserve Chair candidate. Trump stated that his preferred candidate's stance "has not changed," reaffirmed that he expects to announce the new Fed Chair candidate in January, and revealed that he is considering suing the current Fed Chair Powell. This development could impact subsequent monetary policy expectations.