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The long bull market in US stocks faces alarms!
The Buffett Indicator is off the charts!
Citigroup warns of crash risks!
This year's US stock market seems to have taken flight with the wings of AI and monetary easing, soaring ahead with gusto! The S&P 500 index has skyrocketed 22.6% this year, and on October 18, it set a new historical high for the 48th time, leaving everyone dazzled!
However, just as the market rejoices, the Buffett Indicator has quietly sounded the alarm! This magical indicator proposed by stock god Warren Buffett has first broken through the 200% threshold, even crazier than during the dot-com bubble and the global financial tsunami! It acts like a mirror, reflecting the subtle relationship between the market value of US stocks and the real economy.
Analysts at Citibank are not holding back, directly warning that the exposure level of the S&P 500 has surged to its highest point since mid-2023, with the market hanging like the sword of Damocles, at risk of collapsing at any moment!
However, the US stock market is not without support. The prospects for a soft landing of the US economy serve as a solid backing, providing continuous momentum for bullish sentiment.
On the other hand, the gold market is also thriving. This year, gold prices have surged by 32.5%, and on October 23, it reached a historical high of $2758 per ounce! RJO Futures strategist Bob Haberkorn predicts that with risk aversion still high, gold prices are expected to continue climbing to $2800!
What do you think of this move? Should we continue chasing US stocks or turn to gold for safety? Come share your views!
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