On the eve of a big drop on Friday, David Einhorn, who became famous for profiting during the Lehman crisis, stated that the structure of the U.S. stock market is collapsing.
David Einhorn stated that due to the rise of passive investing and investors placing more importance on price rather than value, overvalued Stocks become even more overvalued and undervalued Stocks become even more undervalued. This phenomenon distorts market value and plants significant hidden risks.
The non-farm data unexpectedly exceeded expectations! Will the Federal Reserve only cut interest rates once this year?
Interest rate cut expectations are rapidly being reduced! The market is beginning to bet that the Federal Reserve may only cut rates once this year...
"Returning to the pre-liberation era overnight"! The U.S. stock market has erased its gains after the election, and the employment report worries Wall Street about a "double loss" in stocks and bonds.
Measured by the performance of the largest Global ETF tracking the S&P and long-term U.S. Treasury bonds, the total returns of U.S. stocks and bonds have been negative for five consecutive weeks, marking the longest streak of negative returns since September 2023. Friday's non-farm payroll report raised concerns among traders about the Federal Reserve closing the door on this round of easing.
The Stock Market Has One More Chance to Fight off the Bears
SA Charts: Climb in Retail Trade Hiring Fueled December's Better-than-expected Job Growth
SPDR S&P 500 ETF Options Spot-On: On January 10th, 11.56 Million Contracts Were Traded, With 18.67 Million Open Interest
On January 10th ET, $SPDR S&P 500 ETF(SPY.US)$ had active options trading, with a total trading volume of 11.56 million options for the day, of which put options accounted for 54.86% of the total