Wall Street warns that overvalued US stocks may trigger a new round of volatility
ChainCatcher news, according to Golden Ten Data, Wall Street strategists warn that the US stock market may face more turbulence in the short term. Several institutions believe that under the backdrop of government shutdowns, trade uncertainties, and high valuations, the stock market may experience increased volatility in the near future. Paisley Nardini, Head of Multi-Asset Strategy at Simplify, stated that political and fiscal news, as well as Federal Reserve policy, could trigger greater volatility in the final months of this year. The S&P 500 Index has now gone 97 consecutive trading days without a 5% pullback, indicating the market may be entering a technical correction cycle. Michael Wilson of Morgan Stanley and Andrew Tyler of JPMorgan both cautioned that short-term risks are rising.
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