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Yesterday the market was terrified, and today it started scrambling to accumulate again. Why? It's not because the economy suddenly improved, but because oil prices fell. Brent crude dropped 4.7% in a single day, and U.S. stocks immediately rallied: 🔥 Nasdaq up 2.1% 🔥 S&P up 1.5%, just about 0.1% away from an all-time high 🔥 Dow up nearly 700 points, hitting a new closing high Now the market’s switch is very clear: Oil price up = worries about inflation, worries about rate hikes, tech stocks get hit; Oil price down = inflation pressure eases, funds buy back growth stocks. So don’t just focus on tech stocks; going forward, you should pay more attention to crude oil and U.S. Treasury yields. They are the real remote controls for global risk assets right now.