#美联储人事与宏观政策影响 The market is in extreme fear! $70 billion in market cap has evaporated, and the new Federal Reserve Chair becomes a key variable.

Trump publicly expressed hope that the new Fed Chair, Kevin Woor, would cut interest rates, calling him “very excellent,” potentially gaining support from the Democratic Party.
The game between rate cut expectations and the Fed’s independence will become the core variable in the market moving forward. Woor’s policy inclination directly influences liquidity trends.

Market views suggest that if the current crash is triggered by expectations of Woor’s appointment, it could actually be a good thing — the market has already priced in his “bearish” outlook, and any subsequent dovish shift will push prices higher. The existence of expectation gaps sets the stage for a rebound, and overly pessimistic pricing actually reduces the risk of further decline.

Currently, the market is in a period of “panic release” and “expectation game”: signals like extreme fear and greed index values, liquidity exhaustion, and unrealized losses in core accounts all point to an overreaction in short-term sentiment; meanwhile, Cathie Wood’s emphasis on asset allocation, Tom Lee’s observation of gold’s leading role, and the expectation gap after Woor’s appointment reveal long-term opportunities behind the panic.

Historical patterns show that the extreme fear zone is often a window for positioning in core assets, and the expectation gap of Fed policies may serve as a catalyst for trend reversals.
In the short term, we should remain cautious of the $80,000 short liquidation level and volatility caused by liquidity exhaustion, but from a long-term perspective, the rotation patterns of gold and crypto, along with asset allocation needs, provide upward momentum for the market.
In an emotion-driven environment, it’s crucial to distinguish “short-term noise” from “long-term logic” — panic is not the end, but a test of quality assets. Once liquidity returns and policy expectations become clearer, the recovery of core assets is worth looking forward to.