Loose expectations are heating up, US bonds surged, gold hit a historic high, US, European, and Japanese stocks had a strong start in March, NVIDIA's market value exceeded 2 trillion, while NYCB bank in the crisis-stricken area experienced a sharp decline.

S&P and Nasdaq hit new record highs at the close, while Dow rebounded for several days but ended the week with an overall decline. Chip stocks outperformed the market for two days, with NVIDIA up 4%, AMD up over 5%, both hitting new highs, Broadcom up over 7%, and TSMC up over 4%. Meta rose by 2.5%, reaching new all-time highs for two consecutive days; Apple hit a near four-month low. Following the earnings report, Dell Technologies surged nearly 32%. New York Community Bank (NYCB) fell by nearly 26%. Chinese concept stocks rebounded, closing up 1%, marking a weekly gain for the Year of the Dragon, with XPeng up 5.5% and Li Auto down 5.1%. Japanese stocks continued to hit new highs; European indices hit new highs after a week, with the German index hitting new highs for eight consecutive days, ASML up 2.7% to a record high, and Volkswagen down 5% after the earnings report. After the release of the ISM Manufacturing Index, U.S. bond yields plummeted, dropping more than 10 basis points from the daily high to hit a two-week low; the U.S. dollar index, which hit an intraday high for over a week, turned lower; offshore RMB narrowed its decline and regained 7.21. Bitcoin surged over 20% in a week. Crude oil rebounded to a near four-month high, rising over 3% for the week, with U.S. oil briefly up over 3%, breaking above $80 for the first time in nearly four months. Gold hit a new all-time high, rising 2% for the largest gain in two and a half months. LME aluminum rose for the fourth consecutive week to a four-week high, up nearly 3% for the week, LME copper rose for two consecutive days but still fell for the week, and LME lead fell for the fourth consecutive week, down 3% for the week.