Market Faces Challenges Amid Economic Reports and Holiday Impact

According to BlockBeats, this week has been particularly challenging for risk assets, with U.S. stocks under significant pressure. Despite Nvidia's strong earnings report and optimistic comments from its CEO, the negative trend persisted. The cryptocurrency market fared even worse, with Bitcoin experiencing an 18% drop, marking its steepest weekly decline since mid-November 2022. Key economic events to watch in the coming week (all times in UTC+8) include: - Tuesday 21:30: U.S. September retail sales monthly rate and U.S. September PPI. - Wednesday 9:00: Reserve Bank of New Zealand's interest rate decision. - Wednesday 21:30: U.S. initial jobless claims for the week ending November 22. - Thursday 03:00: Federal Reserve's Beige Book on economic conditions. - Thursday (time TBD): Bank of Korea's interest rate decision. - Friday: New York Fed President Williams will deliver a speech. Jefferson's insights are potentially informative, as his views often align closely with those of Federal Reserve Chair Powell. Since joining the Fed three years ago, Jefferson's voting record has consistently matched Powell's. It is noteworthy that due to the Thanksgiving holiday in the U.S. on Thursday and the early market closure on "Black Friday," next week's trading days will be shortened, leading to significantly reduced market liquidity.