$Apple (AAPL.US)$ Key point: Why did the NASDAQ drop 300 poi...

$Apple (AAPL.US)$ Key point: Why did the NASDAQ drop 300 points after the announcement of the dot plot? In September or November 2023, there will be one more rate hike, and in the first half of 2024, the rate cut will begin. The current NASDAQ is not just about expectations of rate hikes, but about expectations of rate cuts and changes in economic conditions, and whether it will rise or fall. So, what's the difference between a rate hike in September and a rate cut discussion starting in April next year, compared to the rate hike announced yesterday and a rate cut discussion starting in June next year? Obviously, the difference lies in the degree of rate cuts in 2024, which can vary greatly. It goes from the possibility of four rate cuts to a maximum of two rate cuts. Although it is still within expectations, all companies will face higher average interest rates in 2024. Therefore, growth-oriented and expandable companies that require a large amount of investment may adjust their pace and delay their speed to wait for further interest rate declines before increasing investment. This is the main reason why the NASDAQ quickly fell 300 points - the market has discounted the expected risk. Fortunately, among the top 7 weighted stocks in the NASDAQ, apart from Tesla and NVIDIA, which need to respond to fierce market competition and increase investment next year, companies like Apple and Microsoft have extremely abundant cash flow, rich technical reserves, and unshakable leading positions. They still have unique advantages in the face of high-interest-rate environments. They will bring confidence to the market in the Q3 quarterly report. The NASDAQ index ETF corresponds to many trillions of dollars worth of companies and is not like the speculative stocks in the A-share market. There is no possibility of gambling. We need to face it correctly, fully interpret market logic, and make calm investments.