Sharing a perspective: the market logic has suddenly changed! Half of the assets are falling together, and the other half are rising together.

In the past ten years, the market has basically only had three classic structures: - Either the US dollar rises, and everything falls - Or the US dollar falls, and everything rises - Or the US dollar, US Treasuries, and gold rise, while risk assets fall
Now everything has changed. Last week, the US initial jobless claims dropped to 198,000 for the first time, below all economists' expectations. According to logic, the pattern should be "US dollar rises, and everything falls." Especially three Federal Reserve officials expressed hawkish stances, but the market surprisingly did not follow suit.
The market is no longer operating around a "unified narrative." Employment is strong, inflation is high, officials are hawkish, but we are no longer listening to your story.