❗The last 24 hours have been enough to make a seasoned trader cry:

1. China has developed a better AI tool for a fraction of the cost and made the code open to the public. This realization has led people to believe that the heavy GPUs manufactured by big chip companies like Nvidia might not be in such high demand, causing their stocks to drop and, consequently, U.S. equities to drop. Crypto always drops when stocks drop.

2. Trump warning other countries that he'll make exporting to America difficult if they don't comply with his demands fosters fear of economic hostility. The market dumps.

3. Expectations for an FOMC rate cut don't look hopeful. The market dumps.