刚刚，全球大跌！美联储，突爆大消息！

Core Viewpoint - The global financial markets are experiencing a significant downturn, driven by rising risk aversion and a decline in U.S. interest rate cut expectations, leading to widespread asset sell-offs [1][4]. Market Performance - Asian markets saw substantial declines, with the MSCI Asia Emerging Markets Index dropping 2.78%, and major indices in South Korea and Japan falling by 3.79% and 2.4% respectively [2]. - The A-share market also faced turbulence, with the Shanghai Composite Index down 2.45% and the Shenzhen Component Index down 3.41% [2]. - European markets opened lower, with major indices like the Euro Stoxx 50, FTSE 100, CAC 40, and DAX 30 all declining over 1% [1]. - Cryptocurrency markets were heavily impacted, with Bitcoin dropping over 9% at one point, falling below $82,000 [1][2]. Economic Indicators - The U.S. labor market showed stronger-than-expected growth, with non-farm payrolls increasing by 119,000 in September, surpassing the forecast of 50,000 [3]. - The probability of a 25 basis point rate cut by the Federal Reserve in December has decreased to 35.1%, with a 64.9% chance of maintaining current rates [3][4]. Investment Outlook - Vanguard predicts that the ongoing investment in AI infrastructure will bolster U.S. economic growth, leading to fewer rate cuts than the market anticipates [4][5]. - The firm expects the U.S. GDP growth to rise from 1.9% this year to 2.25% by 2026 due to sustained AI spending [5]. - Concerns have been raised about potential vulnerabilities in private credit asset valuations and their implications for the financial system [5]. Market Sentiment - High volatility and risk aversion have led investors to adopt a protective stance, focusing on hedging against market risks [5][6]. - Goldman Sachs predicts that regardless of market movements, CTA funds will act as net sellers, with significant programmatic selling likely if the S&P 500 index falls below 6457 points [6].