Bitget UEX Daily Report | Trump’s Remarks Boost Gold Prices; S&P Hits All-Time High; Storage Stocks Deliver Strong Earnings
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Bitget UEX Daily Report | Trump’s Remarks Boost Gold Prices; S&P Hits All-Time High; Storage Stocks Deliver Strong Earnings
Trump’s remarks on dollar depreciation triggered a surge in gold prices.
Navigating Web3 tides with focused insightsAuthor: Bitget
I. Top News Highlights
Federal Reserve Updates
Top Fed Candidate Endorses Bitcoin as Gold Replacement
- Rick Rieder, a leading contender for Federal Reserve Chair, publicly stated that Bitcoin will surpass gold as a store of value and advised investors to allocate to this asset.
- Key points: Rieder’s odds of appointment have risen to 46%; he predicted Bitcoin’s functional superiority over gold back in 2020; recently criticized the Fed for cutting rates too slowly—aligning with Trump’s view.
- Market impact: This statement reinforces crypto assets’ legitimacy and may drive additional institutional capital into digital currencies, boosting market sentiment.
International Commodities
Trump’s Dollar-Weakening Remarks Trigger Gold Surge
- U.S. President Trump stated that dollar volatility is controllable but hinted at potential currency manipulation, causing the U.S. Dollar Index to plunge sharply—reaching a four-year low.
- Key points: Gold prices hit a new record high, exceeding $5,190 per ounce; non-U.S. currencies strengthened, with offshore RMB approaching the 6.93 level; Trump criticized Japan’s monetary policy.
- Market impact: Surging safe-haven demand has pushed up precious metal prices and could exacerbate global exchange rate volatility, reshaping commodity trade dynamics.
Macroeconomic Policy
U.S. Congress Averts Partial Government Shutdown Through Negotiations
- Senate Republican leadership confirmed ongoing funding negotiations with the White House, while Democrats demanded restrictions on Trump’s immigration policies as a condition for appropriations.
- Key points: The funding deadline is January 30; the Department of Homeland Security is the focal point; both parties are seeking a concrete list from Democrats outlining immigration enforcement priorities.
- Market impact: Failure to reach agreement could trigger short-term market turbulence, increase uncertainty, and elevate demand for safe-haven assets.
U.S. Warns South Korea Against Discriminating Against U.S. Tech Firms
- The Trump administration threatened higher tariffs against countries discriminating against U.S. tech companies, citing concerns over South Korean e-commerce platform Coupang and AI-related regulations.
- Key points: U.S. Vice President held a call with the South Korean Prime Minister; bilateral trade talks scheduled for December were canceled.
- Market impact: This could intensify U.S.-South Korea trade tensions, affect tech stock performance, and disrupt global supply chain stability.
U.S. Urges India to Further Reduce Russian Oil Imports
- The U.S. Trade Representative acknowledged India’s progress but stressed the need for greater efforts to qualify for tariff exemptions, highlighting discounted pricing as a key obstacle.
- Key points: Negotiations have continued for several months; India remains reluctant to fully abandon its discounted Russian oil imports.
- Market impact: Geopolitical pressure may amplify energy price volatility and disturb global oil supply-demand equilibrium.
High Interest Rates Continue to Suppress U.S. Housing Price Growth
- Elevated mortgage rates stalled year-on-year home price growth at 1.4% in November, with real home prices slightly declining.
- Key points: Prices fell month-on-month in 15 of the 20 major cities; annual growth lagged inflation by 1.3 percentage points.
- Market impact: A cooling housing market may dampen consumer spending and indirectly slow the broader economic recovery.
II. Market Recap
Commodities & FX Performance
- Spot Gold: Reached an all-time high of $5,190/oz; currently trading at $5,178/oz.
- Spot Silver: Up 1.55% to $113.70/oz—the largest single-day gain.
- WTI Crude Oil: Down 0.02% to $62.38/barrel, pressured by investor focus on inventory data.
- U.S. Dollar Index: Up 0.27% to 96.02.
Cryptocurrency Performance
- BTC: Up 1.26% to $89,402, rebounding from a recent low of $87,300.
- ETH: Up 3.70% to $3,022, supported by technical rebound.
- Total Crypto Market Cap: Up 1.2% to $3.12 trillion, driven by improved sentiment following leveraged liquidations.
- Liquidation Volume: $750 million total; long-short ratio balanced.
U.S. Equity Index Performance
- Dow Jones Industrial Average: Down 0.83% to 49,003 points, weighed down by healthcare stocks.
- S&P 500: Up 0.41% to 6,978 points—a new closing record.
- Nasdaq Composite: Up 0.91% to 23,817 points, propelled by semiconductor and technology stocks.
Tech Giant Updates
- NVIDIA (NVDA): Up over 1.1%, benefiting from recovering semiconductor demand.
- Apple (AAPL): Up over 1.12%, supported by expectations of product innovation.
- Microsoft (MSFT): Up over 2.19%, buoyed by optimistic cloud service growth.
- Amazon (AMZN): Up over 2.63%, driven by strong e-commerce and AI business performance.
- Meta (META): Up 0.09%, lifted by optical communications orders.
- Google (GOOGL): Up 0.39%, underpinned by stable search revenue.
- Tesla (TSLA): Down 0.99%, dragged by declining brand value. Core driver of overall gains/losses: Most tech giants benefited from renewed chip and AI demand, while Tesla suffered reputational damage due to Musk’s political involvement.
Sectoral Movement Observations
Semiconductor Sector: Up 1.59%
- Representative stocks: Lam Research (LRCX), up over 7%; Applied Materials (AMAT), up over 4%.
- Catalyst: Reviving memory demand and optimistic earnings outlook pushed the sector index to a new all-time high.
Memory Stocks: Up 4.67%
- Representative stocks: Micron Technology (MU), up 5.44%; Western Digital (WDC), up 4.9%.
- Catalyst: Better-than-expected earnings from Seagate and Texas Instruments boosted industry confidence.
Optical Communications Sector: Up 10%
- Representative stocks: Corning (GLW), up nearly 16%; Lumentum (LITE), up over 11%.
- Catalyst: Meta’s $6 billion order, aligned with its capital expenditure plan.
Crypto Mining Stocks: Up 12%
- Representative stocks: IREN Ltd (IREN), up over 14%; Cipher Mining (CIFR), up over 13%.
- Catalyst: Bitcoin price rebound and expectations of mining expansion.
Space Sector: Up 15%
- Representative stocks: Redwire (RDW), up nearly 30%; BlackSky Technology (BKSY), up over 10%.
- Catalyst: EU satellite initiatives and U.S. defense contracts injecting capital.
III. In-Depth Stock Analysis
1. UnitedHealth Group – Weak Earnings Guidance
Event Summary: UnitedHealth reported Q4 2025 revenue of $113.2 billion—below expectations—and adjusted EPS declined 69.02% year-on-year to $2.11. The company forecasts 2026 revenue above $439 billion, yet a 2% decline year-on-year—the first annual drop since 1989. Meanwhile, the U.S. government proposed maintaining Medicare reimbursement rates with only a 0.09% increase—far below the anticipated 6%. Market Interpretation: Analysts cite persistently high medical costs and regulatory pressure as ongoing drags on profitability; Morgan Stanley lowered its target price, emphasizing that unchanged Medicare rates further compound sector-wide uncertainty. Investment Implications: Short-term pressure on health insurance stocks is likely; investors should monitor policy developments closely. Long-term, demographic aging trends may offer tailwinds.
2. Tesla – Third Consecutive Year of Brand Value Decline
Event Summary: Brand Finance reported Tesla’s 2025 brand value shrank by $15.4 billion—or 36%—marking its third straight annual decline. Contributing factors include lack of innovative new vehicle models, relatively high EV pricing versus competitors, and reputational damage stemming from Elon Musk’s political engagement. Market Interpretation: Analysts note intensifying competition and public backlash have eroded brand appeal; Goldman Sachs maintains a neutral rating, stressing the need for renewed innovation focus. Investment Implications: Stock price remains highly sensitive to leadership developments; investors are advised to await new model launches before reassessing.
3. Seagate Technology – Earnings Beat Expectations
Event Summary: Seagate reported Q2 FY2026 revenue of $2.83 billion and adjusted EPS of $3.11. Its Q3 guidance—revenue of $2.8–3.0 billion and EPS of $3.20–3.60—exceeded consensus. Shares rose over 7% after hours, lifting the broader memory sector. Market Interpretation: Wall Street analysts upgraded their ratings; Citigroup cited robust data center demand offsetting macro headwinds. Investment Implications: Resurgent memory demand presents favorable conditions; suitable for medium-term holding with attention to AI-driven application expansion.
4. Texas Instruments – Earnings Beat Expectations
Event Summary: Texas Instruments reported Q4 2025 revenue of $4.42 billion, net income of $1.16 billion, and EPS of $1.27. Its Q1 guidance—revenue of $4.32–4.68 billion and EPS of $1.22–1.48—topped analyst estimates. Shares rose over 8% after hours. Market Interpretation: Analysts expressed optimism; Barclays highlighted strengthening industrial and automotive chip demand alleviating prior inventory concerns. Investment Implications: The semiconductor cycle appears to be turning upward; investors may consider allocating across related supply chains.
5. ASML – Earnings Release Imminent
Event Summary: ASML is set to release its earnings before market open today. Market attention focuses on EUV lithography equipment orders and implications for China-related export restrictions. As a critical supplier in chip manufacturing, ASML has recently benefited from sector-wide recovery. Market Interpretation: Analysts expect revenue growth; UBS maintains a Buy rating, citing AI-driven demand for equipment upgrades. Investment Implications: An earnings beat could lift broader semiconductor stocks; geopolitical risk warrants close monitoring.
IV. Cryptocurrency Project Updates
1. Hyperliquid HIP-3 open interest reached a new high of $790 million, driven by commodity trading activity.
2. Kraken launched its DeFi Earn product, enabling yield generation on stablecoins.
3. OpenMind launched a robotics application store, partnering with global humanoid robot companies.
4. Tether introduced USA₮, expanding its stablecoin product suite.
5. BlackRock Filed for a Bitcoin Premium Yield ETF, Enhancing Institutional Participation.
V. Today’s Market Calendar
Data Release Schedule
| 05:30 | U.S. | API Crude Oil Inventories (in 10k barrels) | ⭐⭐⭐ |
| 22:45 | Canada | Central Bank Rate Decision | ⭐⭐⭐⭐ |
| 23:30 | U.S. | EIA Crude Oil Inventories (in 10k barrels) | ⭐⭐ |
Key Event Previews
- ASML Earnings: Pre-market — Focus on chip equipment orders and supply chain developments.
- Tesla, Microsoft, Meta, and Lam Research Earnings: After-market — Key focus on forward guidance from tech leaders.
Bitget Research Viewpoint:
U.S. equities showed clear divergence: the S&P 500 and Nasdaq hit record highs on tech strength, while the Dow struggled under healthcare drag. Gold and silver surged to all-time highs, fueled by dollar weakness and geopolitical uncertainty. The U.S. Dollar Index sank to a four-year low. Political risks may further amplify volatility; a balanced allocation across major asset classes remains advisable.
Disclaimer: The above content was compiled via AI search and verified manually prior to publication. It does not constitute investment advice.
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