There is this thing in my memory during the end

There is this thing in my memory during the end of the school class. With the expectation that I would go home right away, and the kind of relaxation that today's class was over, I was talking a lot while feeling those things. But because I was talking so much, I kept talking without paying attention to the teacher even when the homeroom teacher came in. Maybe because the teacher was angry, he stood in front of me and was quiet… He couldn't understand the atmosphere and became louder… I was sitting almost in the front seat at the time, and I felt that it was unusual and I was preemptively shutting down when I saw the teacher's face. Then at one point, the moment when the children who were talking like that become angry and quiet comes. Yes, I can see that. Then the teacher usually uses those lines. "Did you all talk?" After that… I don't have to tell you… I remember going home quite late that day. But when I thought about it… So you were also late to get off work… Did you make a significant sacrifice? Haha

Yes, the atmosphere of the market is quite unique. There are two issues that have recently been highlighted in the foreign press. One is the economic downturn, the other is that the market has gone too far against the Fed's intentions. Soaring stock prices, plummeting interest rates, plummeting the dollar in November, these three combinations have driven the market into a easing trend. And you see what the Fed will think. And that's what you're feeling when you're standing there looking stern, and you're talking about it all at once, and you're not paying attention. You're thinking, "Wait a minute."

Vigilance groups are not outside, but in their own consciousness. There's something so-called stabbing. When these stabbings appear, the market atmosphere, which has been excessive, starts to slow down a little. The stock market, which had been strong, weakens, and the interest rate, which was down in cheers, also slows down the fall or fall. The exchange rate of the dollar won also slowed down slightly while running rapidly, falling below 1,280. For your information, it was early this year that I ran on you with such expectations for a Fed pivot. I have memories of that time, so the market thinks that it's slow down.

The FOMC is scheduled for next week. I'll tell you later, this FOMC is going to show you the growth rate and inflation forecast, the projection for December. And here's the dot plot. How it's going to be printed. The Fed will sing five cuts next year as much as the market really expects. You'll see slowing growth and easing inflation, and you'll think about whether you're going to get worried and release money. Maybe you're not mad. You're just being aware. That's why the price of gold, which reacts like a litmus test to the Fed's expectations for easing, has been braked once.

And there's one more thing about recession. There are three frames that I keep talking about. Inflation shock -> interest rate shock -> economic recession shock -> pivot expectation -> inflation shock -> interest rate shock ... again. It's like this infinite loop. When I looked at GDP growth in the third quarter of the year, I was talking about no landing. Now, there's talk of a possible recession. Now, there's talk of a recession. There's talk of a recession. And there's one side that's worried about a recession. And one that runs with the buoyant expectation that the Fed's money-losing gift set will explode due to that recession. And one that's slowly watching the teacher's mind that it's the Fed, maybe because he ran properly in November. There are many waves in the market.

And if you go around that loop a few times already, you're going to see more and more of the market participants moving forward, and somebody's going to look forward, and somebody's going to look forward, and they're looking forward, and they're looking forward, and they're looking forward, and they're looking at the loop, and what happens? Anyway, I'm looking at the current situation, and I'm looking at a different future for people, and I'm looking at that future, and I'm looking at a complicated correlation that's completely different from the past, and I'm looking at the future, and I'm looking at the growth stocks, for example, even though interest rates are down, they're slowing down.

For the time being, recession concerns, Fed pivot expectations, and market excitement... I think these three issues will increase market volatility. Less essays. Thank you.