The rise and fall of the US dollar index, US stocks, and the cryptocurrency market should be opposite. Why is it different during this period?

Normally, the rise and fall of the US dollar index, US stocks, or the cryptocurrency market should be opposite, but this September rate cut is very annoying, because a 25 basis point rate cut is considered a regular rate cut, which means that the US economy is still good, but a 50 basis point rate cut feels a bit like a recession.

So when the unemployment rate continued to rise, investors were actually a bit pessimistic, especially after the Sam rule was triggered, the US dollar index fell sharply, which is a kind of trading recession. Later, starting from yesterday's CPI data, it feels that the core CPI is still quite high, and inflation may still be quite troublesome. In addition, there are concerns about recession, so expectations have been reduced from 50 to 25, but this reduction is due to concerns about inflation.

Today, the retail data is good, and the manufacturing data is so-so, but it represents a lower possibility of economic recession in the short term, so the Fed does not need to aggressively enter a 50 basis point rate cut, which is relatively good for the US economy, so US stocks and#BTCand#ETHare all rising. However, because the probability of a 50 basis point rate cut has been reduced, and there is no possibility of a short-term economic recession, the Fed will most likely not cut interest rates aggressively, so the US dollar has begun to rebound. $BTC $ETH