Of course, during a liquidity-driven expansion cycle, the more useless and harder to price something is, the higher it can be pushed—POPMART by Wang Ning follows this logic. But now that the interest rate hike cycle has just begun, even POPMART has come down from its peak, so let’s wait and see for now. If the U.S. really enters a recession and China faces deflation, then cash will be king. But I don’t think it’s that pessimistic. This current wave seems more like a normal pullback after a big rally. Let’s wait for APEC and G20 to see what happens next. @BITstocks_CN Buy U.S. stocks on BIT, 10,000+ U.S. stocks and ETFs, real holdings, and enjoy dividend payouts.