$Apple (AAPL.US)$ Focus: Why did the NASDAQ fall 300 points ...

$Apple(AAPL.US)$ Focus: Why did the NASDAQ fall 300 points after the joint publication of the bitmap? The final rate increase in September or November 2023, and interest rate cuts in the first half of 2024 are well-established plans. The current NASDAQ did not anticipate interest rate increases for a long time; it is doing business valuation and pricing transactions. Instead, with regard to interest rate cuts and changes in the quality of the economic environment, they are making an expected choice — rise or fall. So, what's the difference between raising interest rates in September, starting discussions on interest rate cuts in April next year, and starting discussions on interest rate cuts in November, which was made clear yesterday, and starting discussions on interest rate cuts in June next year? Obviously, the difference is that within 2024, there is a big difference in the degree of implementation of interest rate cuts. From the possibility of cutting interest rates 4 times, it has gone from cutting interest rates at most 2 times. Although it is still within expectations, all companies will bear a higher average interest rate in 2024, so growing and expandable enterprises that require a large investment of capital may adjust their pace, slow down, and wait for interest rates to decline further before increasing their investment. This is the main reason why the NASDAQ quickly pulled back 300 points — the market gave a discount considering the expected risk. Thankfully, among the seven major weights of the NASDAQ, with the exception of Tesla and Nvidia, which need to deal with fierce market competition and must increase investment next year, Apple, Microsoft, etc. are all Big Macs with extremely rich cash flow, are rich in technical reserves, and their leading position is difficult to shake. They still have unique advantages in the face of a high interest rate environment. The Q3 quarterly report will once again bring confidence to the market. The NASDAQ Index ETF, which corresponds to many companies worth tens of trillion dollars, is not a “demon stock” as the subject of A-shares. There is no possibility of a game. It needs to be faced correctly, fully interpreted market logic, and invested calmly.