Group 1 - The core viewpoint highlights a significant split in the commodities market, with crude oil prices plummeting while precious metals and copper experience substantial gains [1][3] - WTI crude oil fell by 1.47%, closing at $57.6 per barrel, marking the lowest level since October, while silver surged by 3.8% to surpass $64 per ounce, reaching a historical high [3] - Gold increased by 0.9% to $4268, and copper prices soared by 2.7% to $11872 per ton, setting a new record [3] Group 2 - The underlying logic suggests that the Federal Reserve's three consecutive interest rate cuts and a $500 billion expansion of the balance sheet have directly fueled the rise in precious and base metals [4] - The surge in copper prices is attributed to an upward revision of the U.S. GDP forecast for 2026 to 2.3%, indicating a clear signal of economic improvement [4] - In contrast, crude oil is being weighed down by oversupply, with the IEA predicting a surplus of 3.815 million barrels per day in 2026, negating any benefits from geopolitical conflicts [4] Group 3 - The article raises questions about the sustainability of silver at $64, the potential for copper to continue reaching new highs, and whether the drop in crude oil to $57 represents a buying opportunity or a trap [4] - Long-term investment strategies suggest accumulating precious metals on dips, closely monitoring demand for base metals, and waiting for signals of a supply-demand reversal in crude oil [4]

Core Points - US stock market rose significantly following the Federal Reserve's decision to cut interest rates again, with the Dow Jones increasing by nearly 500 points and the S&P 500 approaching its all-time closing record [1][6] Group 1: Federal Reserve Actions - The Federal Reserve approved a 0.25 percentage point interest rate cut, marking the third cut this year, bringing the federal funds rate to a range of 3.50% to 3.75% [3][8] - The Fed announced it will begin purchasing Treasury securities starting December 12, with plans to buy $40 billion over the next 30 days [9][10] - The Fed's statement indicated that it would no longer set a total operation limit for its standing overnight repurchase agreements, allowing for full allocation through the FedTrade Plus platform [4][9] Group 2: Market Reactions - Wall Street interpreted the Fed's policy statement and Chairman Jerome Powell's remarks as positive signals for the stock market, particularly the announcement of short-term bond purchases [4][10] - The removal of the phrase "still at low levels" regarding the labor market suggests a shift in the Fed's focus towards supporting the economy rather than controlling inflation [10] - Market expectations indicate a 68% probability that the Fed will cut rates two or more times next year, despite the Fed's own forecast suggesting only one cut [5][10] Group 3: Economic Outlook - Economic growth expectations appear stronger, with a more moderate inflation outlook and neutral employment projections, contributing to bullish reactions in the stock market and bond yields [5][10] - The S&P 500 index is projected to potentially break the 7000-point mark in the coming weeks, following the recent upward trend [11]