What matters in U.S. and global markets today ...

Core Viewpoint - The article suggests that the current market conditions are likely a natural and normal part of a bullish cycle [1] Group 1 - The bullish cycle is characterized by positive market trends and investor confidence [1]

COMMENT: Bitcoin, which had surged through the summer, fell below the $100,000 mark for the first time since June.BSCN (@BSCNews):WHY IS CRYPTO DOWN? A DEEPER LOOK AT THE MARKET SELLOFF- On November 5, total market capitalization fell by nearly 3% to $3.69 trillion, marking one of the sharpest single-day declines in months.- Bitcoin, which had been riding high since summer, slipped below $100,000 for https://t.co/kpqQJIdLWT ...

WHY IS CRYPTO DOWN? A DEEPER LOOK AT THE MARKET SELLOFF- On November 5, total market capitalization fell by nearly 3% to $3.69 trillion, marking one of the sharpest single-day declines in months.- Bitcoin, which had been riding high since summer, slipped below $100,000 for the first time since June, dropping 6.4% on Nov. 4 to around $99,705.- Ethereum, Solana, XRP, and other major altcoins followed suit — wiping nearly $880 billion from the market in a month.Let’s unpack what’s really driving this downturn. ...

Core Insights - Wall Street executives predict a potential equity market drop of over 10% in the next 12 to 24 months, viewing such a correction as potentially positive for the market [1] Group 1: Market Valuations and Earnings - Corporate earnings remain strong, but valuations are considered challenging, with most investors viewing the market as between fair and fully valued rather than cheap [2][3] - The S&P 500 index is currently trading at 23 times forward earnings estimates, above its five-year average of 20 times, while the Nasdaq 100 Index is at 28 times, compared to nearly 19 times in 2022 [4] Group 2: Market Risks and Future Outlook - Executives express concerns about "policy error risk" in the US and geopolitical uncertainties, indicating that while markets seem expensive, systematic risk may have narrowed [4] - There is an expectation of greater dispersion in company performance by 2026, with stronger firms likely to outperform weaker ones [4] - Concerns about high valuations have intensified as global equities have reached new highs despite a slowing US economy and a government shutdown [5]

Market Trends - Argentine assets experienced a surge following US pledges of support [1] - Milei is currently addressing a market selloff [1]

Market Intervention & Stabilization - US Treasury Secretary pledged to provide "all options for stabilization" to Argentina [1] - The pledge comes as Argentina faces a market selloff [1] Political & Economic Context - Argentine President Javier Milei received the pledge of support [1]