Add as a preferred source on GoogleMoomoo CEO Says U.S. Stocks May Be Near a Turning Point
He said market turns often bring sharp moves in both directions and strong disagreement among participants.
Moomoo Australia and New Zealand CEO 迈克尔·麦卡锡 said a sharp overnight selloff in U.S. stocks may signal a market turning point, as sentiment shifts and large market participants appear to view the rally as over.
He described turning points as periods of strong disagreement and sharp price moves in both directions. The selloff suggested U.S. stocks may be entering such a phase, he said.
The CEO characterized the decline as a possible sign that the rally has run its course. His assessment did not establish that the advance had ended.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.