March 9, 2020, will be remembered as Black Monday in the United States. Shortly after the opening of the S&P 500 Index, it experienced a drastic 7% drop, triggering the first-level circuit breaker mechanism. This led to a 15-minute suspension of trading for all three major US stock indexes, which ultimately closed with a significant crash. The last time a similar situation occurred was back in 1997. We are witnesses to yet another historic event. 
While the sharp decline in US and global stocks is indeed alarming, the underlying secrets behind this incident are even more unsettling.
- COVID-19 is more terrifying than anticipated The epidemic has now profoundly affected countries across Eurasia and is spreading to the United States. Despite governments implementing various measures to control the disease, the persistent fears among people have contributed to the current situation of plummeting US stocks.
- An oil war looms on the horizon International oil prices experienced their largest single-day drop in 30 years. Brent crude oil prices plummeted to $31.02 per barrel, and US West Texas Intermediate (WTI) crude oil fell below $28 per barrel. This means that the price of a barrel of oil is now around $28.3, while a barrel of cola costs as high as $119. The sharp decline in oil prices due to the epidemic led OPEC to announce its failure to negotiate with Russia and its intention to suppress the United States and Russia by increasing oil production. As two major global powers, the United States and Russia are unlikely to back down, thus signaling an imminent oil battle.
- The World’s Ruler is poised to change Amidst the plummeting US stocks, an unexpected observation emerged—the FTSE CHINA A50 index rose by nearly 1% and the Chinese yuan appreciated for two consecutive weeks. Throughout history, every global crisis has brought about significant changes in the global landscape. Therefore, it is highly likely that the position of the world’s ruler may soon undergo a transformation.