凌晨，全线大跌！超14万人爆仓！23万亿巨头，突然抛售，发生了什么？

Group 1 - The U.S. stock market experienced a significant downturn, with major indices, including the Nasdaq and Russell 2000, seeing declines of nearly 1% and over 1% respectively, driven by concerns over AI's impact on the software industry [1] - The software sector faced substantial losses, with the iShares Expanded Tech-Software Sector ETF (IGV) dropping by 2.55%, and individual stocks like ServiceNow and Salesforce falling over 5% and 4% respectively [1] - The cryptocurrency market also faced a sell-off, with Bitcoin briefly falling below $66,000 and Ethereum and SOL dropping over 3%, leading to a total liquidation amount of $458 million affecting 144,691 traders [1] Group 2 - Amundi, Europe's largest asset management firm with €2.8 trillion (approximately ¥23 trillion) in assets, announced plans to reduce exposure to U.S. dollar assets and shift focus towards European and emerging markets [2][3] - CEO Valerie Baudson indicated that if U.S. economic policies do not change, the dollar is expected to weaken further, prompting a recommendation for clients to diversify their investments [3] - The firm has seen record net inflows of €88 billion over the past year and has initiated a €5 billion stock buyback program [3] Group 3 - International investors are increasingly turning to gold as a hedge against dollar depreciation, contributing to a significant rise in gold prices over the past year [4] - There has been a notable capital shift towards European and emerging market assets, with emerging markets experiencing their best performance since 2017 [4] - In January, U.S. investors shifted $51.6 billion (approximately ¥356.7 billion) into international stock ETFs, indicating a growing trend of reallocating funds away from the U.S. market due to high valuations and a weakening dollar [5] Group 4 - Amundi forecasts a slowdown in U.S. real GDP growth to 1.6% by 2026, driven by structural factors such as exhausted private demand and diminishing marginal utility of fiscal stimulus [6] - Concerns over U.S. fiscal sustainability have led to a fundamental shift in the correlation between the dollar and U.S. equities, with the dollar no longer acting as a stabilizer but rather amplifying volatility [6][7] - Major asset management firms, including PIMCO and Wellington Management, are echoing Amundi's call to reduce U.S. asset exposure, with strategies focusing on diversifying into other currencies and emerging markets [7]