Institutions: US Stocks May Be at a Market Turning Point, Large Investors Signal Retreat

Odaily Report: Michael McCarthy, CEO of Moomoo Australia and New Zealand, stated that market sentiment has clearly undergone a significant shift. He noted that market turning points are often accompanied by strong divergence and manifest as sharp two-way swings in stock prices. The market currently appears to be in this phase, and the sharp sell-off in US stocks overnight suggests the market may be moving in this direction. McCarthy believes this could become an important turning point for the US market. He said that based on overnight market performance, many large US market participants appear to have concluded that the rally that had previously driven the market higher is over. (Jin10)