Today’s global market trend has a bit of an end-of-the-world vibe.

U.S. stocks are down, A-shares are down
The US dollar index is surging violently
Short-term (3M) and long-term (10Y) US Treasury yields are rising together
The key point is, under the US-Iran conflict, even safe-haven assets like gold and silver are being indiscriminately sold off
This combination can only be explained by one thing: the market is selling off all assets (stocks, bonds, commodities) to convert into cash
What does history tell us?
This kind of asset correlation converging instantly to 1.0(—everything falling together)—has only happened twice in the past 20 years:
2008 Lehman Crisis: credit markets froze, institutions desperately deleveraged
2020 Pandemic Black Swan: liquidity dried up, central banks around the world printed money urgently
In such times, principal is king. Wait for opportunities after the crisis passes.