Group 1 - The global largest gold ETF held 1,038.63 tons as of November 4, with a reduction of 3.15 tons from the previous day and a net increase of 26.32 tons from the previous month [1] - The U.S. Supreme Court is debating a tariff case, with conservative Chief Justice questioning its reasonableness, leading to a decreased probability of a Trump victory [2] - The U.S. government shutdown lasted 36 days, impacting the stock market, airline industry, and food assistance programs, but Trump still anticipates new highs in the stock market [2] Group 2 - Economic data shows that U.S. ADP employment increased by 42,000 in October, exceeding expectations, but labor demand is slowing and wage growth is stagnant [2] - The service sector activity in October expanded at the fastest pace in eight months, surpassing economists' predictions [2] - The U.S. Treasury maintained its quarterly refinancing scale but hinted at potential increases in the future, leading to a rise in the 10-year Treasury yield [2] Group 3 - Gold prices are currently operating below the middle band of the Bollinger Bands, with a bearish crossover in the KD indicator [4] - The strategy for gold trading today suggests buying on dips between 3,965.9 and 3,971.9, with a stop loss at 3,960.9 and a target range of 3,975.9 to 3,981.9 [4] - Silver prices are also below the middle band of the Bollinger Bands, with a similar bearish crossover in the KD indicator, recommending selling on highs between 48.21 and 48.71 [4]

Group 1 - U.S. President Trump calls for an end to the government shutdown, stating that the recent highs in the U.S. stock market are just the beginning [1] - The three major U.S. stock indices opened mixed, with the Nasdaq up 0.04%, the S&P 500 down 0.04%, and the Dow Jones down 0.01% [1] Group 2 - Tesla shares rose by 2.3% as the board requests shareholder approval for Elon Musk's substantial compensation plan, warning that rejection could lead to his departure and a potential stock price collapse [1] - Novo Nordisk shares fell by 2.7% due to Q3 sales of weight loss drugs Ozempic and Wegovy falling short of expectations, marking the fourth downward revision of its earnings forecast this year [1] - AMD shares declined by 1.7% despite Q3 earnings exceeding expectations, as the Q4 guidance failed to impress investors [1] - Super Micro Computer shares dropped by 4.3% after reporting Q1 revenue below expectations and a 60% year-over-year decline in net profit [1]

Core Viewpoint - The U.S. stock market is expected to reach new record highs, as indicated by President Trump's recent statements [1] Economic Data Summary - In October, the ADP employment report showed an increase of 42,000 jobs, surpassing expectations, compared to a previous decrease of 32,000 jobs [1]

Market Sentiment & Strategy - Morgan Stanley highlights 8 market charts to watch [1] - Focus on US retail investor sentiment [1] - Includes US/Global equity strategy considerations [1] AI & Energy Demand - Analysis of AI-driven US/Europe energy demand [1] Manufacturing Trends - Observation of US manufacturing reshoring [1]

Group 1 - The U.S. stock market experienced a decline on November 3, with the Dow Jones Industrial Average falling by 0.42% [1] - The S&P 500 index saw a slight decrease of 0.03% [1] - In contrast, the Nasdaq Composite Index recorded an increase of 0.43% [1]

Core Viewpoint - The expectation is that the Federal Reserve will lower interest rates by 25 basis points in December and continue to do so approximately three more times next year, despite recent hawkish comments from Powell [1] Group 1: Economic Indicators - Non-farm payrolls have shown weak performance over the last four months, with potential marginal improvement expected after the government reopens, but strong growth is unlikely [1] - Inflation is likely to remain moderate [1] Group 2: Market Implications - The impact of Powell's hawkish remarks is expected to be temporary, with a return to a rate-cutting cycle anticipated [1] - U.S. Treasury yields are expected to continue in a downward trend, and the U.S. dollar is likely to weaken [1] - Gold prices are expected to recover after a pullback, benefiting from the advancing rate-cutting cycle, which is favorable for both emerging market equities and bonds [1] Group 3: Alternative Scenarios - In a low-probability scenario where the Federal Reserve pauses rate cuts in December and struggles to implement cuts by 2026, U.S. Treasury yields and the dollar may remain elevated, putting pressure on gold prices and U.S. equities, as well as increasing stress on emerging market assets [1]

Core Viewpoint - The U.S. stock market opened higher, with all three major indices reaching historical highs during the trading session [1]. Group 1 - The Dow Jones Industrial Average increased by 0.86% [1] - The S&P 500 index rose by 0.90% [1] - The Nasdaq Composite index gained 1.13% [1]

Core Points - The U.S. stock market opened higher and all three major indices reached historical highs during the trading session [1] - The Dow Jones Industrial Average increased by 0.86% [1] - The S&P 500 index rose by 0.90% [1] - The Nasdaq Composite index saw a gain of 1.13% [1]

Core Viewpoint - U.S. stock market declined, with the Nasdaq Composite Index falling over 1% on October 22 [1] Group 1 - The Nasdaq experienced a significant drop, indicating a bearish trend in the technology sector [1]

Group 1 - Cryptocurrency market experienced a significant rebound on October 18 after a sharp decline on October 17 [1] - Bitcoin rose over 2% to return to $107,000, while Ethereum surged more than 5% above $3,880 [2] - Over the past 24 hours, more than 129,000 traders faced liquidation in the cryptocurrency market [3] Group 2 - The total liquidation amount reached approximately $326 million within 24 hours, with significant amounts in both long and short positions [4] - The U.S. government shutdown has intensified, affecting various departments and leading to unpaid leave for many workers [4] - Recent geopolitical tensions showed signs of easing, with reports of a potential ceasefire from Hamas to ensure reconstruction in Gaza [4]