What bear market? US stocks close in on record high ahead of PCE data; PORT3 surges over 70%

There's been a notable risk-on mood across the TradFi (traditional finance) space oof late, even as cryptos remain subdued.

Bybit's SP500, which tracks the benchmark S&P 500 index, punched up to a 3-week high, less than 1% away from its record intraday high (6928.63 on Oct 30).