Market Brief 15 November, 2024

Good evening, investors and traders! The markets are experiencing a mixed performance today, with the Nasdaq 100 Index (NDX) down by -2.61% to 20,378.62 and the S&P 500 Index (GSPC) down by -1.4% to 5,865.55. The news is dominated by the potential impact of Donald Trump's return to the White House, with investors anticipating changes in US policy on cryptocurrencies, trade, and regulation. The SEC is facing a lawsuit from 18 states alleging unconstitutional overreach in crypto regulation, while Trump's pro-crypto stance has sparked optimism for the industry. Meanwhile, Bitcoin continues to surge, reaching a new all-time high above $93,000, fueled by a combination of factors including strong market trends, record ETF inflows, and speculation on regulatory changes. The Fed's cautious approach on rate cuts has also impacted market sentiment, with traders bracing for potential volatility in the coming weeks.