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Wall Street Futures Climb on Fed Cut Hopes as Bitcoin Extends Steep Decline

US markets staged a rebound Friday morning, with futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq all moving higher after a turbulent week. The rally was fueled by growing bets that the Federal Reserve could cut interest rates at its upcoming December meeting, following dovish comments from New York Fed President John Williams. His remarks shifted sentiment sharply, with nearly 70% of traders now expecting a rate cut. Dow futures gained 0.7% , leading the advance. S&P 500 futures rose 0.5% , while Nasdaq futures added 0.4% . The optimism comes after Thursday’s sharp sell-off, underscoring the volatility gripping markets as investors weigh AI-driven risks and Fed policy divisions. Meanwhile, cryptocurrencies continued to struggle. Bitcoin plunged to around $82,000 , marking its worst month since the 2022 crypto collapse. The decline reflects heavy institutional outflows, miner sell-offs, and broader risk-off sentiment across digital assets.
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The journey of a thousand miles begins with a single step," by Lao Tzu


This quote is attributed to Lao Tzu, a legendary Chinese philosopher and founder of Taoism. It means that any great achievement starts with a small action, and that we should not be afraid to take the first step towards our goals.

Here are some comments on this quote:

- It is a simple but powerful reminder that we can achieve anything if we are willing to start and persist.

- It encourages us to overcome procrastination and fear of failure, and to take action towards our dreams.

- It also implies that the journey itself is valuable, not just the destination, and that we should enjoy the process of learning and growing along the way.

In summary, Lao Tzu's quote is a powerful reminder that any substantial achievement begins with a small, but determined, first step. It encourages us to have faith in the process, be persistent, and focus on what we can do in the present moment to work towards our long-term goals.

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