#隐私币板块整体上行 **Global stock markets are performing a prolonged bullish feast**

Looking back over the past three years, global stock markets have achieved double-digit gains consecutively. The data is quite straightforward—MSCI World Index has increased by 20% cumulatively, far exceeding market expectations.

The performance on the US side is equally impressive. The S&P 500 has gained 16.5% for the year, especially after experiencing a sharp decline at the beginning of the year, the subsequent strong rebound was truly astonishing.

Interestingly, the external environment this year has been quite complex. Trump’s tariff policies frequently stirred the markets, concerns over the AI concept bubble have persisted, and tech stocks have experienced multiple severe pullbacks. Yet, even so, capital has repeatedly chosen to "come back."

The reasons are not hard to understand—robust corporate earnings, support from interest rate cut expectations, and better-than-expected economic growth data—these factors combined have directly pushed the entire market to new highs.

Stay closely tuned to the performance of $BTC , $ETH , $SOL and other mainstream assets, as they often follow the rhythm of the stock market in this macro environment.