Today's global market trends are giving off some doomsday vibes. US stocks down, A-shares down Dollar index surging violently US Treasury short-term (3M) and long-term (10Y) yields both rising The key point is, even safe-haven assets like gold and silver are being indiscriminately sold off amid the US-Iran conflict. There's only one explanation for this combo: the market is selling off all assets (stocks, bonds, commodities) and converting them into cash. What does history tell us? This kind of asset correlation instantly converging to 1.0 (everything dropping together) has only happened twice in the past 20 years: - 2008 Lehman Crisis: Credit markets froze, institutions desperately deleveraged - 2020 Pandemic Black Swan: Liquidity dried up, central banks worldwide printed money in emergency response In times like this, cash is king. Wait for the opportunities that come after the crisis.