Market Performance - The U.S. stock market reached a new all-time high on Wednesday, indicating limited investor concern over the government shutdown and expectations for a short duration with manageable economic impact [1] - The S&P 500 index rose by 0.34% to 6,711.20 points, while the Nasdaq Composite increased by 0.42% to 22,755.16 points, and the Dow Jones Industrial Average gained 43.21 points to 46,441.10 points [1] - The S&P 500 has accumulated a rise of over 3.5% in September, continuing its strong momentum [1] Economic Impact of Government Shutdown - The government shutdown has led to the suspension of operations in agencies like the Labor Department, causing delays in the September non-farm payroll report, which may create a "data vacuum" for the Federal Reserve ahead of its meeting [2] - The ADP employment data released on Wednesday showed a decrease of 32,000 jobs in the private sector, significantly below the expected increase of 45,000, marking the largest decline since March 2023 [2] - This has heightened expectations that the Federal Reserve will implement its second rate cut of the year this month, with a potential for another cut in December [2] Market Sentiment and Valuation Concerns - Despite the optimistic market atmosphere, some prominent investors have raised warnings, comparing current market sentiment to the late 1990s tech bubble [2] - The S&P 500 has rebounded nearly 40% since its April low, primarily driven by large technology companies [2] - The "Buffett Indicator," which measures total market capitalization against GDP, has surged to 217%, significantly higher than during the internet bubble and the peak of the COVID-19 pandemic [2] Investment Perspectives - Some investors, like Cooperman, believe that in a high-inflation environment, the risk associated with stocks may be lower than that of bonds, as fixed nominal rates on bonds can be eroded by inflation [5]
投资者押注美政府关门影响有限 标普500指数突破6700点 华尔街传奇投资人发出崩盘警告
智通财经网·2025-10-01 23:12