The recent trend of Nasdaq and the S&P 500 is just like an altcoin move, leaving us who’ve been mixing in the crypto world for years completely speechless.

, the upward trend in the U.S. stock market already can’t be stopped—it feels like no matter how bad the negative news is, and no matter how much international turmoil there is, they can’t exert downward pressure on the stock market.

Or put it this way: global capital is still in a phase where there’s nowhere to go. All the world’s developed economies are moving toward severe aging, and demand can basically be said to have peaked. As debt increases, currencies in the market are being massively issued every day, but aside from a few emerging tech industries like AI, it’s basically hard to find a new place to go.

Even if the international situation occasionally gets agitated and tense, and money runs to other places to seek a bit of safety, after circling around there’s no sign of any real return—we still have to come back to the stock market.

There are two possible explanations for the way the market is moving. One is a short squeeze—aimed not only at short trades, but also at put options. The other is that the market is mispricing things, driven by the stimulus from all kinds of recent news.

Of course, it’s not time to discuss right or wrong yet.