A logical fallacy: For the past 3 years, it was an interest rate hike cycle + QT (Quantitative Tightening), and risk assets kept rising. Now, as the interest rate cut cycle + QE (Quantitative Easing) begins, people are still expecting risk assets to go up. Why are we applying the same formula again?
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A logical fallacy: For the past 3 years, it was an interest rate hike cycle + QT (Quantitative Tightening), and risk assets kept rising. Now, as the interest rate cut cycle + QE (Quantitative Easing) begins, people are still expecting risk assets to go up. Why are we applying the same formula again?