The 10-year yield of US Treasury bonds remains high at 5%, The US dollar index is still hovering around $101, The Fed's interest rate hike in December is still a foregone conclusion. Today's A-share and Hong Kong stocks experienced a major reversal in the deep V market, It is the combined effect of favorable policies and self rescue style oversold rebound. The component of emotional repair is greater than the improvement of macro fundamentals. As long as the US stock market has not collapsed, As long as the AI foam hasn't burst, The bottom of the global stock market, It hasn't arrived yet!