一觉醒来，一切都在大跌，泡沫被戳了一下

Core Viewpoint - The U.S. stock market experienced a significant decline, with the S&P 500 dropping over 1% and the Nasdaq nearly 2%, indicating a shift from speculative trading to a focus on economic realities [3] Economic Data - In October, U.S. employers announced layoffs totaling 153,074, a staggering increase of 183%, marking the highest number of layoffs for this month in 22 years [3] - Revelio Labs revised September's job additions down from 60,000 to 33,000, and October's data showed a loss of 9,100 jobs, the second worst performance of the year [3] Market Reactions - Despite poor employment data typically raising expectations for interest rate cuts, the market reacted negatively, interpreting the bad news as indicative of a potential recession [3] - The market slightly increased the probability of a December rate cut to 70%, but the Federal Reserve's hawkish stance has intensified, with officials expressing concerns about inflation [4] Investor Sentiment - Investors are realizing that the Federal Reserve may not intervene to support the market, leading to a "policy vacuum" characterized by heightened volatility and declining confidence [5] - AI stocks led the market decline, with major companies like Nvidia, Microsoft, Amazon, and Tesla suffering losses after comments indicating no government support for AI firms [5] Strategic Insights - A report titled "Global Market Strategy: Peak Warning" was released, emphasizing the importance of understanding market cycles and avoiding mistakes during this period of uncertainty [5] - Goldman Sachs identified 27 Asian stocks and 21 U.S. stocks as favorable investments, specifically highlighting two Chinese stocks as particularly promising [6]