Falling, falling, falling on one side, rescuing, rescuing, rescuing on the other—it's a mess.

Last night

📉 U.S. stock markets fell across the board
🥇 Gold dropped below $4,200
🪙 Bitcoin briefly fell below $90,000
🛢️ U.S. crude oil fell below its 50-day moving average to below 60

There are three reasons for the decline:

- The Japanese bond market continues to drop
- The market believes the Fed will do a hawkish rate cut, meaning they'll cut rates but give a hawkish statement
- Top Fed chair candidate Hassett gave a hawkish speech

Seeing this, Trump quickly tried to reassure the market:

"Nvidia chips can still be considered for sale to China~"

Now, everyone is waiting for Thursday's Fed meeting:

1️⃣ Rate cut is almost certain
2️⃣ The post-meeting statement is even more important—if it's hawkish, the market will keep falling; if dovish, there will be a rebound