After the Fed cut interest rates, the depressed market sentiment improved, so the short-term market rebounded, but the US stock market and crypto assets obviously did not rise as sharply as before. In the long run, everyone knows that the Fed's loosening of monetary policy in the future is inevitable, and the bull market is also inevitable, but in the next few months, the market is still worried that the US economy will enter a recession. This can be seen from two points: First, gold has hit a record high, approaching the $2,700 mark. Gold has always been the best asset for hedging and inflation prevention; second, the size of US money market funds hit a new high of $6.42 trillion. Although the Fed's interest rate cut should have boosted the attractiveness of risky assets (such as stocks), investors are still concerned about the economic outlook, financial market volatility or other potential risks, so investors have flocked to money market funds in large numbers to obtain short-term returns and security.