U.S. stocks stage a "major reversal" as investors question the momentum of the year-end rally
According to Golden Ten Data, ChainCatcher reported that Nvidia (NVDA.O) released strong earnings results and a jobs report confirming that the economic fundamentals remain robust, but optimism in the US stock market failed to persist. Traders pointed out that concerns over AI revenue and profits have resurfaced, and the decline in cryptocurrencies to their lowest levels since April has also impacted the stock market. Chris Murphy, co-head of derivatives strategy at Susquehanna International, stated that investors are beginning to question the drivers of the year-end rally. CTA positions remain fragile and could trigger automatic liquidation mechanisms in quantitative funds, leading to additional sell-offs.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Omeros Shares Rise After Cantor Fitzgerald Upgrade
Federal Reserve "third-in-command": Centralized clearing of US Treasuries is ahead of expectations, ample reserves framework is effective
New York Federal Reserve President Williams stated that the industry has already begun proactively expanding infrastructure for cleared repos and cash transactions. Trading activity is shifting from uncleared to cleared markets, and overall progress is ahead of the regulatory deadline. In this speech, he did not comment on the monetary policy stance.
Citigroup: Inflation Surpasses Tariffs as the Top Concern for Family Offices, Wealthy Individuals Flocking to Gold and U.S. Stocks
A survey by Citigroup shows that among 350 family offices across more than 40 countries, inflation has replaced trade wars and tariffs as their biggest concern, followed by interest rates and the stability of the global financial system. More than 90% of family offices surveyed reported positive returns this year, and nearly half said they increased their holdings of publicly listed stocks in the first half of the year. Meanwhile, Citigroup’s head of wealth management noted that gold now features in almost every client conversation he has.
Crypto prices
More
