First of all, I think the decline in US stocks in general is closely related to the lack of optimism. Coupled with the smashing of large constituent stocks such as Tesla $Tesla Motors(TSLA)$ and Apple$Apple(AAPL)$ , the S & P 500 Index fell$Nasdaq100 Bear 3X ETF(SQQQ)$  0.40% to close at 3824.14 points, and the Dow closed down 10.88 points to 33136.37 points, a decrease of 0.03%. The Nasdaq$NASDAQ(.IXIC)$  fell 0.76% to 10,386.99 points; it became the open door in 2023. If the January effect is used to predict, the US stocks are relatively poor, but is it really the same? 

We can infer from the following points: 

1) Many large banks predict that the recession will soon come. They expect the United States to avoid a recession in 2023 and 2024. As a result, many funds have deployed to withdraw from US stocks. Moreover, the valuation of US stocks is not cheap. Compared with the recovery of emerging markets, it is better than that. I believe that funds will choose emerging markets with more space to rise. 

2) Young economists said that the culprit of this economic recession was the Fed, which has been raising interest rates for several months in an attempt to slow down the US economy and curb inflation. Although inflation has eased recently, it is still much higher than the expected target of the Fed. This year's recession environment may further hinder the performance of technology stocks in the new year, as investors' desire for value-oriented companies and companies with higher profit margins, more stable cash flow, and higher dividend yields will increase. But most companies' business continuation has begun to peak, and there are signs of decline. 

3) According to Stockwe, a US stock big data quantitative terminal, the S & P 500 has fallen all the way, and there are constantly bearish options. This is the main reason for many large stocks such as Tesla and Apple's stock price. They also saw bad news and did not continue to be bearish, which became the main reason for the decline of US stocks. Based on the above points, 

I think US stocks have opened a very bad "black". Coupled with the recent signs of recovery in Chinese stocks, it does not rule out that funds will abandon US stocks to buy Chinese stocks or Hong Kong stocks. In the first quarter to the second quarter of this year, US stocks such as  $Apple(AAPL)$ Tsla will fall. However, I believe that there will be some undertakings that fall by about 10 to 15%.

@Tiger_chat @MillionaireTiger @TigerStars