On Monday, the three major indices closed higher, with the Dow Jones Industrial Average and the S&P 500 Index reaching new historical highs, with the Dow Jones closing above the 43,000 mark for the first time. The U.S. bull market has entered its third year, having accumulated a nearly 64% increase since the S&P 500 Index closed at a bear market low of 3,577.03 points on October 12, 2022. TSMC (TSM.US) shares hit a historical high on Monday, with its market value briefly breaking through $1 trillion.

**U.S. Stocks**: At the close, the Dow Jones Industrial Average rose by 201.36 points, or 0.47%, to 43,065.22 points; the Nasdaq Composite gained 159.75 points, or 0.87%, to 18,502.69 points; the S&P 500 Index increased by 44.82 points, or 0.77%, to 5,859.85 points. Arm (ARM.US) jumped over 5%, while Adobe (ADBE.US), ASML (ASML.US), and Nvidia (NVDA.US) all rose by more than 3%.

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**European Stocks**: The German DAX 30 Index increased by 157.42 points, or 0.81%, to 19,513.15 points; the UK FTSE 100 Index added 37.79 points, or 0.46%, to 8,291.44 points; the French CAC 40 Index rose by 24.17 points, or 0.32%, to 7,602.06 points; the Euro Stoxx 50 Index gained 36.03 points, or 0.72%, to 5,039.95 points; the Spanish IBEX 35 Index climbed 123.56 points, or 1.05%, to 11,843.56 points; the Italian FTSE MIB Index advanced by 368.99 points, or 1.08%, to 34,677.00 points.

**Asia-Pacific Stocks**: The Nikkei 225 Index rose by 0.57%, the Jakarta Composite Index in Indonesia increased by 0.54%, and the VN30 Index in Vietnam edged up by 0.14%.

**Cryptocurrencies**: Bitcoin surged by over 4.5%, trading at $65,885 per coin; Ethereum jumped by over 6.5%,报价 at $2,620.87 per coin.

**Gold**: COMEX gold futures fell by 0.45%, to $2,664.30 per ounce; COMEX silver futures dropped by 1.15%, to $31.390 per ounce.

**Oil**: The November delivery of West Texas Intermediate (WTI) crude oil futures on the New York Mercantile Exchange decreased by $1.73, or 2.29%, to close at $73.83 per barrel; the December delivery of Brent crude oil futures on the Intercontinental Exchange in Europe fell by $1.58, or 2%, to close at $77.46 per barrel.

**Metals**: London metals declined, with nickel falling by over 1.2%, copper by over 1.6%, aluminum by over 1.5%, and zinc by 1.9%.

**Macro News**:

Federal Reserve Governor Waller calls for "caution" in rate cuts. On Monday, Federal Reserve Governor Waller cited rising inflation, a stronger-than-expected U.S. economy, and job market as reasons to be "more cautious" in future rate cuts. Waller stated, "Regardless of what happens in the near term, my base case remains that policy rates will be gradually lowered over the next year." However, he indicated that after the Fed's 0.5 percentage point rate cut in September, the Fed should now proceed with rate cuts at a "measured pace," provided the job market does not suddenly deteriorate and inflation continues to decline as he expects. Waller warned that in the short term, recent hurricanes and the Boeing strike could reduce the number of new jobs in October by as much as 100,000. If inflation rises unexpectedly, the Fed may pause rate cuts; if inflation falls below the Fed's 2% target, or if the job market worsens, the Fed may cut rates sooner.Bank of America Survey: Geopolitical Concerns Reach Highest Level in Over a Decade. Bank of America's September credit investor survey indicates that credit investors' concerns about geopolitical risks have reached the highest level in the past 10 years. For the third consecutive survey, geopolitical issues remain the most worrying. In September, 32% of credit investors listed geopolitics as their biggest concern, up from 24% in August. A global economic recession is the second biggest concern, with 16% of investors listing it as their second biggest concern, up from 11% in August. The survey shows that another 16% of investors list central bank policy mistakes as their biggest concern, down from 20% in August.

OPEC Lowers Global Oil Demand Growth Forecast for the Third Consecutive Month. OPEC has lowered its oil demand growth forecast for the current and next year for the third consecutive month, belatedly recognizing a slowdown in global fuel demand. In its monthly report, OPEC stated that global oil consumption will increase by 1.9 million barrels per day by 2024, an increase of about 2%, 106,000 barrels per day less than previous forecasts. It stated that this revision is mainly due to actual data received, as well as slightly lower expectations for certain regions. With three consecutive downgrades, OPEC has begun to retreat from the strong bullish expectations it has maintained since the beginning of this year. Even after production cuts, its demand forecast remains an outlier (higher than Wall Street banks and trading companies), at the top of the Saudi Aramco forecast range. This is about twice the forecast of the International Energy Agency.

**Stock News**

Tesla's (TSLA.US) humanoid robot is reportedly remotely controllable. According to foreign media citing informed sources, at Tesla's "We, Robot" showcase last week, Tesla remotely controlled its Optimus humanoid robot prototype, with employees located elsewhere responsible for controlling many interactions between the humanoid machine and participants. At least one video circulating online, allegedly from the October 10th "We, Robot" event, shows an Optimus "bartender" acknowledging that it received "human assistance." The Optimus prototype can walk under artificial intelligence control without external control.

Nvidia's (NVDA.US) stock closes at a record high as investors anticipate long-term strong demand for artificial intelligence. Nvidia's stock closed at a record high on Monday for the first time in about four months, as investors continue to anticipate a strong long-term demand trend for artificial intelligence. Nvidia's stock closed up 2.4% at $138.07, breaking the record set in June. The stock has rebounded 40% from its August low and has risen 179% year-to-date. The company's market value has increased by over $2 billion this year. The recent strong performance of the stock is attributed to CEO Jensen Huang's remarks. He stated that demand for the Blackwell chip has reached a "crazy" level, alleviating concerns about the chip's delayed release due to engineering issues.

Buffett continues to invest, buying a broadcasting company. Documents recently submitted by the broadcasting company Sirius (SIRI.US) to regulatory agencies show that Buffett's investment company, Berkshire Hathaway, has been continuously buying shares of the company, with a total value of $86.73 million. The regulatory filing shows that Berkshire Hathaway bought 869,800 shares of Sirius XM last Wednesday; on Thursday, it bought 917,800 shares and 517,200 shares of the company through two separate transactions; on Friday, it bought an additional 1,259,300 shares of the company. Roughly calculated, Berkshire Hathaway bought about $86.73 million worth of Sirius XM shares in three days, increasing its total holdings in the company to 108.72 million shares. Reporters have learned that as early as November 2023, Berkshire Hathaway had disclosed its stake in Sirius XM.