Last night, the US stock market suddenly exploded, with tech stocks surging as if they were on steroids. The Nasdaq opened with a rise of nearly 2 points, Google and TSL rose more than 5 points, and Broadcom jumped a stunning 7 points. This also led to BTC and ETH joining the party, with all lines turning red late at night.

The origin of the matter is quite interesting. The famously tough Waller from the Federal Reserve—yes, that hawkish big shot rumored to possibly take over the chairman position—suddenly changed his tune and said he supports a rate cut in December. The reason is that the labor market is a bit strained and needs some easing.

As soon as this was said, the market immediately exploded. The probability data for interest rate cuts from CME soared from previous skepticism to 76.7%, and those guys at Goldman Sachs also changed their tune, saying that there might be three consecutive cuts in December. Funds caught the scent and started to rush, with Google among the seven tech giants hitting a historic high; their AI product Gemini has indeed been quite popular recently.

Chinese concept stocks are also not idle, the Golden Dragon Index rose by more than 2 points, Bilibili surged over 7 points leading the way, and Baidu, Alibaba, NetEase, and NIO all followed suit. To be honest, this kind of collective pump scene was last seen a few months ago.

Morgan Stanley's chief strategist Wilson has directly stated that the adjustment in US stocks is about to end, setting a target for the S&P 500 at 7800 points, which leaves an upside potential of 18 points according to this calculation. His logic is quite straightforward: interest rate cuts will come, liquidity will loosen; the wave of AI continues to drive corporate profit growth.

Looking at it now, the market has basically settled on one direction - expectations of interest rate cuts. Last night's surge in tech stocks may just be the beginning; if this wave of liquidity really comes, it might be more intense than expected.

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GateUser-5854de8b

· 11-24 18:52

Waller, that old fox, suddenly turning hawkish really left the market confused; as soon as the 76.7% probability came out, everything took off directly. BTC and ETH really didn’t wait in vain; this wave of liquidity has truly arrived. If the rate cut three times in a row really happens, things are going to go crazy. Bilibili rising by 7 points isn’t much, but the problem is this is just the beginning. Tech stocks are a bit strong this time, but it could end up just being a rebound that fizzles out. I don’t know if the S&P 7800 is just bragging, but I’ve already entered a position. Chinese concept stocks are collectively soaring; I’m familiar with this feeling, it’s been a while since it last happened. Google hitting a new high, Gemini is indeed at the top, but we have to be cautious of the AI bubble. Goldman Sachs changed its tone so quickly; anyone would want to ride the wave to make some profit. If liquidity really increases, retail investors are probably going to get harvested again.

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ParanoiaKing

· 11-24 18:51

Waller's turnaround was too fast, the hawkish suddenly sang the tune of interest rate cuts, and funds are really buying into this. BTC turned red late at night and I laughed, it started to follow the US stock market closely again. Wait, is the 76.7% probability given by CME or is it just the market's wishful thinking? This data seems so outrageous. 7800 is not a dream, but why does Wilson's prediction feel pretty accurate every time? The seven tech giants are all soaring, Bilibili has risen over 7, is this collective surge really back? Once the expectation of interest rate cuts is broken, will this wave of liquidity market become a mirage? Google reached a new high, Gemini is indeed hot, but with the valuation already like this, can it still rise?

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WhaleWatcher

· 11-24 18:49

Waller's turnaround was amazing, the hawkish stance turned dovish and directly got the market hyped up. I’m not surprised that Google hit a new high, Gemini is indeed impressive this time. As soon as the interest rate cut expectations came out, funds started to frantically switch positions, this rhythm is quite similar to a few months ago. Bilibili rising by 7 points is really fierce, is the Chinese concept stocks about to rise this time? Once liquidity is released, the ceiling for tech stocks might really need to be redrawn. If this market trend continues, S&P 7800 is really not a dream. CME data skyrocketed from being skeptical to 76.7%, the fund's intuition is just sharp. The AI wave combined with interest rate cut expectations is definitely a double engine. It’s been a long time since I saw the scene of everything in the red late at night. I believe in Wilson's target, the logic is too clear. BTC and ETH are also taking off, indicating that big funds are really changing direction. I’m just afraid of another reversal later, but the trend does look quite fierce right now.

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AirdropHunterXM

· 11-24 18:48

Waller's sudden shift from hawkish to dovish has the market directly falling for this trap. If interest rate cuts really come, can the crypto world continue to rise? It feels a bit too good to be true. Bilibili rose 7 points? Why didn't I enter a position, damn it. Once the liquidity market starts, retail investors still have to look at the institutions' faces. With a 76.7% probability of interest rate cuts, is this data reliable or is it just another play people for suckers?

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GateUser-addcaaf7

· 11-24 18:33

Waller's turn around made the market go wild. With the interest rate cut expectations out, the funds went crazy, and BTC really took off last night. With AI and Liquidity, this wave of market really is a bit fierce. Bilibili rose 7 points, and the Chinese concept stocks really followed suit. Tech stocks are on the verge of hitting new highs, but how it goes from here still depends on the Fed's mood. If the interest rate cut really comes and Liquidity is loosened, then we need to be prepared. Google hit a new high, TSL rose 5 points, when will it be time for my coin? With a target of 7800, Morgan Stanley is painting a pie in the sky again, right? Three rate cuts in December? Isn’t Goldman Sachs being a bit too optimistic with this guess? Late at night, everything was in the green, and I just sat there watching without daring to move.

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New_Ser_Ngmi

· 11-24 18:31

Wow, this turn is a bit exciting As soon as the interest rate cut expectation came out, funds just went all out. If this wave of liquidity really comes, I definitely need to reallocate a bit The rise of BTC still depends on the performance of the US stock market, it's a bit helpless Bilibili's surge is absurd, Chinese concept stocks are really activated Three consecutive cuts in December? Goldman Sachs is quite bold with that statement, I believe half of it AI is always the final trump card, Google Gemini indeed has some substance Is the S&P 7800 still a conservative estimate? It feels like the market appetite is bigger This kind of collective pump is the easiest time to step into a pit, have to be careful With interest rate cuts and liquidity easing, theoretically, there’s no problem, just afraid there are too many variables

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