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🔥 US GDP surges! Why is the market panicking?
🪙 The recently released US Q3 GDP has greatly exceeded expectations, but the stock market plunged immediately. Even more incredible, Trump jumped in right away saying, "Interest rates need to be lowered now! We can talk about inflation later."
Why does better data make the market more anxious? Because an "overheating" economy may actually delay the Fed's interest rate cuts. However, this "surprise growth" is based on the "annualized quarter-over-quarter" calculation, which may likely be revised later. What the market truly fears is not the numbers themselves, but the fear of "no more liquidity."
The chain reaction has already begun:
· The RMB exchange rate is approaching a key psychological threshold
· Gold and copper prices hit new highs
· Cryptocurrency and risk asset volatility has dramatically increased
Trump's logic is rewriting the rules: "The better the economy → the more we need to cut interest rates." If this "political logic" overrides "economic logic," the future market script will be completely changed — liquidity may no longer depend on data but rather on the elections.
Is the old playbook still effective? As "money printing expectations" regain dominance over sentiment, a new cycle may be brutally starting: this time, the market is not being rational, only following the narrative.
