Core Viewpoint - The current assumption in the U.S. stock market is that a Federal Reserve interest rate cut will lead to continuous market gains, which may be a dangerous misconception [1] Group 1 - The expectation of Federal Reserve rate cuts is perceived as a safety net for the U.S. stock market [1] - The issues within the U.S. stock market are becoming increasingly apparent, reminiscent of the 2008 financial crisis [1] - Prior to the 2008 crisis, risks related to subprime mortgages were already disclosed, indicating that market downturns can be preceded by visible warning signs [1] Group 2 - The reference to the "Thanksgiving turkey event" suggests a potential unforeseen market downturn despite current optimism [1] - The mention of CDS (Credit Default Swaps) indicates a need for market participants to understand financial instruments that can signal risk [1]