Someone asked me, with many positive developments seeming to be in the future, why are the US stocks and crypto markets falling? Because market trading is never about reality itself, but the difference between reality and expectations. Rate cuts, liquidity injections, AI boom—if these positives have already been believed by the market, they have already been priced in. Rises come from increased expectations, and corrections often come from exhausted expectations. Price reflects not reality, but the deviation of reality from expectations. Price is not a reflection of reality, but a trajectory of expectations being adjusted.