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CFO of Goldman Sachs: Deregulation by the US government will promote more business activities within the company.The short-term decline of USD/CAD against Canadian dollar further expanded to nearly 70 points, and it is now reported at 1.4138.CFO of Goldman Sachs: Deregulation by the US government will promote more business activities within the company.

Bitcoin exceeded $99,000/piece, up 2.49% in the day.The China Securities Association held two meetings: to promote the standardized development of the regional equity market and actively promote the transformation of wealth management in the industry. According to the news released by the China Securities Association on December 11th, the meeting of the chairman and all members of the regional equity market professional committee of the China Securities Association was held a few days ago. The meeting introduced the work of the Committee in 2024, discussed the focus of the next stage, and exchanged experiences on specific issues such as research exchange and blockchain construction. Members attending the meeting unanimously stated that they will do a good job in the cultivation and standardized management of the capital market, actively guard against business risks, and promote the standardized and healthy development of the regional equity market.Industry ETFs generally rose at the beginning of the US stock market, with semiconductor ETFs rising by 1.2%, regional bank ETFs, banking ETFs and internet stock index ETFs also rising by at least 1%, while medical ETFs fell by more than 0.4%.

Market News: The US CPI report in November may suggest that the core PCE index, the inflation indicator favored by the Federal Reserve, may rise slightly to 2.9% in the last two months of 2024.Toronto stock index GSPTSE rose 0.21% to 25,558.81.Vanguard went against tradition and suggested the strategy of "six shares of debt and four shares" to deal with policy risks. In view of the high interest rate and stock valuation, Vanguard Group suggested that investors establish defensive positions in the new year and increase their investment in bonds instead of stocks. The company's 2025 outlook lists the asset allocation model built by economists and portfolio teams, which allocates 62% of the funds to fixed-income securities and the remaining 38% to stocks. In contrast, the ratio of stocks to bonds in the traditional portfolio is 60% to 40%. Although the US economy is still strong, the stock market valuation is close to historical highs, which makes stocks more vulnerable to potential policy risks after Trump takes office. At the same time, interest rates may remain higher than those in the 2010 s, thus providing investors with stable income and more protection in the case of risk aversion.