The latest data released by the U.S. Department of Commerce show that the U.S. gross domestic product (GDP) grew at an annual rate of 2.4% in the second quarter of this year, higher than the first quarter and stronger than market consensus expectations. In the first seven months of this year, the three major U.S. stock indexes rose collectively, and the Nasdaq index rose by 37%. The “big seven” set off a big bull market in technology stocks. Among them, Nvidia rose by 219% and Microsoft rose by 40%. It’s hard to imagine that this is a story that happened during the Fed’s most aggressive tightening cycle in nearly 40…