U.S. stocks closed lower: all three major indexes fell, Chinese concept stocks celebrated all night, and the Golden Dragon Index surged by 8.5%.
① The nasdaq china golden dragon index rose by 8.54%, while the ftse china 3x long etf (YINN) increased by 23.78%; ② OpenAI officially launched the AI video generation model Sora; ③ A man involved in the murder case of the insurance giant's CEO in New York was arrested in Pennsylvania; ④ mondelez international is reportedly exploring the acquisition of the usa chocolate producer hershey.
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Another U.S. stock market bear has "surrendered"! Rosenberg: Extreme stock market valuations may be reasonable.
① Renowned usa economist David Rosenberg has changed his long-standing bearish stance, stating that the ai-driven technology boom has led him to reassess the us stock market; ② Rosenberg indicated that if ai unleashes a wave of productivity, extreme valuations might make sense; ③ Rosenberg mentioned that despite the possibility of a bubble, it may not manifest in the coming years, and he remains open to the idea that the bull market could 'go further.'
Is this time really different? Another well-known "U.S. stock bear" has apologized.
Top Wall Street economist Rosenberg is no longer bearish on U.S. stocks, but he still expects a correction of 5-10%. Rosenberg stated that he previously underestimated ai, and the market currently has high expectations for AI; only when these high expectations are proven to be excessive will the stock market enter a bear market.
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