Guessed the process right, but not the outcome—the market finally turned deadly. $HYPE: No loss, made a little profit and exited. $SOXL: Took a loss, cut my position. $RKLB: Still trapped, currently down 30%. Now all sorts of horror stories are circulating: expectations of poor earnings, soaring Treasury yields, deleveraging beginning, the new chair’s tough measures to avoid rate hikes, institutional profit-taking, tech stock bubbles, tech companies issuing bonds with no buyers, weak U.S. housing data, quietly rising prices, Apple citing higher memory costs, Meta releasing a new model while leasing compute power, AI industry lacking profit expectations, compute oversupply, models waging a food delivery-style war—and many more factors. In my own view, it all boils down to one core issue: the U.S. market has hit a wall at this level; many stocks have become overextended in their upward slope and now need a correction to create a buying opportunity. Prices may still fall further, but I still firmly believe AI represents a revolution-level narrative. Hold cash, wait for the right moment to bet on the future—that’s it. Note: Risk remains high due to potential government intervention in the markets (though there’s no concrete evidence yet). But given the rotation among sectors and the necessity to stabilize indices by propping up big tech, I’ve reached this somewhat blunt conclusion. The timing hasn’t arrived yet—be patient. If you’re holding solid assets that are currently underwater, don’t panic-sell. The deeper the drop, the more powerful the rebound will be. The U.S. market isn’t yet at a point where a crash is warranted—just stay patient.