The Nasdaq fell 1.37%. Why did US stocks fall even after this interest rate cut? Now can we understand why "Hat Guy" (a nickname for a prominent figure in the stock market) hoped for a slower pace of future US interest rate cuts? Otherwise, the news of a rate cut could trigger a sell-off, accelerating the bursting of the US stock and AI bubbles. Hopefully, it won't drag down the A-shares market as well.