The risk of a US recession has led to a sharp drop in US stocks. Isn't this the background of the last bull market?

Why has it come to this point today? It is 11 violent interest rate hikes. How can the economy be good when the money is in the bank? The result is that inflation has been suppressed, but the economic deterioration has exceeded expectations, and the global economy has basically collapsed.

The interest rate cut is like a reservoir. The interest rate cut opens the tap, funds flow out, and US stocks naturally fall.

The biggest driving force of the last bull market was not the loose quantitative policy, but the large amount of capital inflows brought about by traders' pessimistic expectations of the economic outlook.

Bitcoin and gold are not closely related, but both are strong reverse indicators of economic expectations in terms of speed and trend. If you understand it, you will know why you care so much about interest rates.