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The People's Bank of China stated that it will make good use of the non-bank large redemption swap facility in the bond market to maintain the stable operation of financial markets such as stocks, bonds, and foreign exchange. The central bank will actively and prudently prevent and resolve financial risks, improve the systemic financial risk prevention and disposal mechanism, and strengthen financial risk monitoring, assessment, and early warning.

Bernstein stated that the recent personal relationship-related allegations faced by NVIDIA CEO Jensen Huang are unlikely to directly impact the demand for the company's AI chips, but they may increase regulatory and political pressure. This incident could, at the very least, severely distract management's attention, and at worst, provide a reason for bipartisan lawmakers in the United States to intensify scrutiny of NVIDIA.Additionally, the firm warned that NVIDIA faces key person risk. Jensen Huang has long dominated the company's strategy and major operational decisions, reportedly overseeing about 60 direct reports, and the company's management system heavily relies on his personal leadership. It is currently unclear who could succeed him if he is unable to continue in his role. Despite these risks, Bernstein maintains its outperform rating on NVIDIA with a target price of $400.

Meta Financial AI stated on platform X that when exchanges encounter significant crises, their platform tokens often suffer the most impact first, citing the price performance of tokens after security incidents involving FTX, WazirX, and Bitget as examples. Binance experienced a $6.3 billion hack on October 29, marking the largest hacking incident in the history of the cryptocurrency industry, approximately 16 times the losses Bitget faced in its previous attack. However, over the past 30 days (including the period during the hacking incident), SOL, XRP, ETH, BTC, and BNB fell by 18.3%, 16%, 9.7%, 7.4%, and 5.7% respectively, with BNB experiencing the smallest decline.Zhao Changpeng responded by stating that the price trends of most crypto assets are generally synchronized, with only minor percentage differences; the impact on one asset can ripple through the entire industry, making internal conflicts within the industry meaningless. He called for the cryptocurrency industry to be "decentralized but united."

According to Sina Finance, the Democratic Party has clearly won the election, leading the market to expect that the United States may strengthen regulation on the artificial intelligence industry and data center construction. Michael Clowater, an economist and portfolio manager at ICM Investment Bank, stated in a report that the likelihood of a real shift in U.S. artificial intelligence policy direction seems low, and large-scale cloud service providers are expected to temporarily stick to their existing investment plans.Clowater pointed out that large-scale cloud service providers are an important source of long-term bond supply. Affected by this issuance trend, U.S. tech giants have become a unique issuer group in the investment-grade bond market over the past two years, with the traditional market correlation between credit ratings and bond spreads only applicable to a limited extent.

JPMorgan conducted a scenario analysis on four potential congressional power combinations following the U.S. midterm elections. Among them, the probability of the Democratic Party winning control of both the House and Senate is the highest at 66%; the Republican Party's chance of retaining both chambers is only 7%, but this corresponds to the largest expected increase in the S&P 500 index among the four scenarios. In the scenario where the Democratic Party controls both chambers, the S&P 500 index could drop by 0.25% or rise by 0.5%. Concerns about stricter AI regulations and restrictions on data center construction may trigger a sell-off in AI concept stocks.JPMorgan believes that even if legislation restricting the development of the AI industry is passed by Congress, it would be difficult to gather enough votes to override Trump's presidential veto. Therefore, it suggests that traders consider buying during pullbacks in tech stocks. Fiscal deficit spending may decrease, and long-term U.S. Treasury yields could face downward pressure. Some corporate executives associated with Trump's political donations may face greater risks of congressional investigations. The probability of the Democratic Party controlling the House and the Republican Party controlling the Senate is 26%, with the S&P 500 index expected to rise by 0.5% to 1%. The market may welcome the legislative stalemate brought about by the distribution of power, leading to a potential decline in long-term U.S. Treasury yields, although some companies and their leaders may still face congressional inquiries.In the scenario where the Republican Party retains both chambers, the S&P 500 index is expected to rise by 1% to 1.25%. The market would not have to immediately face new congressional regulatory risks, and the additional policy pressures on tech companies would also be relatively limited; however, fiscal deficit spending may further increase, pushing long-term U.S. Treasury yields higher, and Trump may continue military actions against Iran. The probability of the Republican Party controlling the House and the Democratic Party controlling the Senate is 1%, with the S&P 500 index expected to rise by 0.25% to 0.75%. A split Congress could lead to more intense budget battles, potentially resulting in a federal government shutdown, and the Democratic Party could still conduct congressional investigations after gaining control of the Senate.

Two representatives from OPEC+ stated that the major OPEC+ countries plan to maintain oil production quotas in December, as the ongoing conflict in the Middle East continues to affect output.The group of seven countries led by Saudi Arabia and Russia has reached a principled agreement to maintain the current quota targets, which is expected to be finalized in the upcoming video conference.

Informed sources say that the OPEC+ oil-producing countries are scheduled to hold a meeting on Sunday and have reached a preliminary agreement to maintain the December production target unchanged.

According to CNBC, after the release of Alphabet's third-quarter financial report, the stock price fell more than 12% to $285, with a market value shrinking by nearly $500 billion. Despite Google Cloud's revenue growing 103% year-over-year, the market is still focused on earnings per share falling short of expectations and the negative free cash flow amid ongoing investments in AI infrastructure.Mike Khouw stated in a CNBC column that the fundamentals of Alphabet's core business remain intact, but a short-term rapid rebound faces two obstacles. First, multiple institutions have downgraded ratings, target prices, or future earnings forecasts. He pointed out that historically, stocks that have experienced concentrated downgrades tend to underperform the market or trade sideways in the following 30 days, and institutional rebalancing can also limit upward momentum. Second, the gap down after the earnings report further damaged the technical pattern.In terms of technical indicators, Alphabet's RSI has dropped to just over 20, and the MACD sell signal has strengthened. However, Khouw believes that with the stock price close to the 52-week low of $270.70, combined with an extremely oversold condition, further declines may be limited.In terms of trading strategy, Khouw suggested using a sell wide strangle options strategy to cope with the anticipated range-bound fluctuations. He believes that continued selling in the overall market poses the main downside risk, while unexpected positive news driving the stock price up rapidly could threaten the bullish call option selling side of the strategy.

Bitdeer stated that as of October 30, its Bitcoin production for this week is 265.5 coins, all of which have been sold, with a net increase of 0 coins; currently, the Bitcoin holdings are 0 coins, excluding customer deposits.

Digital asset trading company QCP pointed out in its latest market report that the Federal Reserve, the European Central Bank, and the Bank of Japan all kept interest rates unchanged this week, but the market is still betting that the European Central Bank and the Bank of Japan may raise rates in December. The Federal Reserve maintained the federal funds rate at 3.75% to 4.00% with a vote of 10 to 2 during the October meeting. Federal Reserve Chairman Warsh did not commit to any rate adjustments for December and beyond.In addition, the Federal Reserve announced that there will be no rate votes at one meeting in 2027 and two meetings in 2028, which will only be used to discuss monetary policy strategy. QCP believes that the reduction in decision-making nodes may allow for the accumulation of more economic data between the two meetings, making the market more sensitive to data changes and increasing interest rate volatility and term premiums. The European Central Bank kept interest rates unchanged, citing that previous inflation data had not yet produced second-round effects, but the market still expects a possible rate hike in December. The Bank of Japan also kept interest rates unchanged and stated that inflation has reached the 2% target, with the market pricing in the possibility of a rate hike in December.In terms of technology stocks, shares of Alphabet, Amazon, Meta, and Intel fell after announcing quarterly results, as the market is concerned about current corporate earnings performance and future capital expenditure plans, particularly focusing on the pace and profitability of AI infrastructure investment. In the cryptocurrency market, Binance experienced a significant security incident on Friday morning, affecting approximately $6.3 billion in assets, which initially led to a decline in trading activity in the cryptocurrency market. QCP pointed out that the market gradually stabilized afterward, with participants seemingly viewing this incident as a company-level risk rather than a systemic event affecting the entire cryptocurrency market or infrastructure, with central bank policy uncertainty, concerns over technology companies' capital allocation, and the Binance security incident collectively driving the market to reprice.

CoinDCX stated that platform futures trading has returned to normal across all markets, but as a precaution, trading for the 4 tokens SOPH, ERA, GTC, and LA will remain in a liquidation-only mode, involving INR and USDT trading pairs.CoinDCX pointed out that due to the impact of previous events related to global liquidity service providers, the platform's risk management team will continue to monitor the aforementioned tokens to prevent potential market manipulation and abnormal fluctuations.

Morgan Stanley maintains a "Market Perform" rating and a target price of $210, believing that the funding and return framework is clearer, with the key going forward being timely delivery of capacity and maintenance of profit margins.

According to Jinshi reports, the Bank of Japan has kept the policy interest rate unchanged at 1.25%, in line with market expectations.At the last meeting, the Bank of Japan raised interest rates by 25 basis points.

The European Central Bank has kept the deposit facility rate, main refinancing rate, and marginal lending rate unchanged at 2.5%, 2.65%, and 2.9%, respectively, in line with market expectations.

The Federal Reserve decided to maintain the federal funds rate target range at 3.75% to 4.00% with 10 votes in favor and 2 votes against. Cook and Harmack cast the dissenting votes, both advocating for a 25 basis point increase at this meeting.The statement noted that economic activity is expanding strongly, and inflation remains high. More information will help the committee assess the appropriate policy stance to ensure inflation returns to the 2% target in a timely manner.

As of October 28, the Federal Reserve's interest rate decision cap in the United States is 4%, in line with expectations, with the previous value being 4.