and stocks and may even lead to a new bear market rally in China, while the Fed's rate cut may have minimal impact on U.S. equities.Over the past two decades, China has experienced five major stock market rallies, three of which were driven by economic stimulus measures. As illustrated in the chart below, these rallies were particularly brutal, with gains ranging from 50% to 100%.The global money supply has surged significantly over the past two months.
This anticipation had the effect of increasing stock valuations even before the rate cut had any impact on the economy. Today, public debt has reached $35.7 trillion, with an additional $345 billion in debt accumulated between September 27 and October 1, while U.S.ETFs bought more bitcoin than miners produced, acquiring a total of 17,941 BTC, while mining production amounted to 13,500 BTC.This growing demand underscores the increasing interest in Bitcoin ETFs, which have become a dominant force in the market.
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