[ Day 11 – Investment Diary ] + #MyInvestmentDiary

The current market decline is primarily driven by the combined impact of multiple factors: On one hand, high-valuation sectors (such as AI and leading tech stocks) are extremely sensitive to interest rate changes, making them more prone to valuation compression in the context of rising rates or delayed expectations for interest rate cuts. On the other hand, short-term event shocks are also amplifying volatility, including macro data like CPI, PPI, and employment exceeding expectations, as well as geopolitical uncertainties. Furthermore, changes in liquidity cannot be ignored, such as passive selling pressure triggered by options Gamma reversal, and institutional rebalancing or passive fund outflows, all of which can exacerbate market downward pressure in a short period.