Overnight, the Fed's interest rate cut expectations completed a "stunning flippening"! On November 22, CME's "FedWatch" data showed that the probability of the Fed cutting interest rates by 25 basis points in December skyrocketed to 71.3%, doubling from the previous sluggish level of less than 30%, while the probability of maintaining the interest rate remained at only 28.7%. The signal of a loose carnival in the global financial market has been fully pumped.