The past 24 hours have staged a dramatic show in the financial markets.

On the US stock side, it has been nothing short of disastrous—market capitalization has evaporated by over $1.3 trillion. At the same time, the crypto market hasn't fared much better, with a $150 billion market cap vanishing in just one day.

But there's an interesting contrast here: while stocks and crypto assets plummeted sharply, gold and silver kept hitting new highs. This is actually easy to understand—when market turbulence intensifies and investors' risk appetite declines, funds naturally flow into the most traditional and trusted safe-haven assets. The rise in precious metals fully reflects market panic and the reallocation of capital.

This wave of market movements reminds us that markets are always re-pricing. Some people are bearish on high-risk assets, while others are betting on safe-haven investments. If you still hold crypto assets or tech stocks, consider whether your current asset allocation is still reasonable.