After Hasset's positive comments on interest rate cuts:

1⃣ U.S. Stocks: U.S. stocks surged but then fell back; tech stocks reacted moderately to this news, mainly because they have risen too much and need a rest or correction, showing a need for consolidation.

2⃣ Cryptocurrency: Bitcoin also surged and then fell back, reacting stronger than U.S. stocks, but the gains are moderate. The reason is that Bitcoin is at the end of a 4-year cycle, and events like 'MSTR exclusion index' have not fully materialized, indicating a need for consolidation.

3⃣ Precious Metals: Gold's reaction is significantly weaker than that of silver and platinum. I have posted multiple analyses indicating that gold entered a consolidation phase on October 20 (note: gold's consolidation will not lead to a significant drop). Silver and platinum will take over the baton and lead the rally.