The US Commerce Department released a shock news before the market today, the GDP growth in the first quarter unexpectedly fell 1.4%, expected to grow 1.1% versus 6.9% last. It was also the worst quarter for U.S. GDP in two years. It also explains why the stock market is so depressed. This data is also the unified feedback of poor financial data. I think you all have the same question when you look at this number, why is it so low? Will GDP growth be as low next quarter? When will it get better? After all, the economic outlook is tied to our holdings. Four months into a prolonged rout, it's worth talking about the turning point for the market. Let's start with the root causes. Why is GDP negative? I generalize for two reasons: 1 As shown in the figure, 2021 has a high base. Real GDP growth