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
The three major U.S. stock indexes have turned lower, with Nvidia down 0.6%.
"Machi" has been liquidated 145 times since the "1011 crash"
