News

On June 10, the trading departments of Barclays and Goldman Sachs issued a warning that last Friday's sell-off caught investors, accustomed to momentum stocks only going up, off guard. However, investors should not easily dismiss it as a one-time anomaly. Factors such as crowded positions, narrow market breadth, and the prospect of interest rates remaining high for an extended period make the US stock market more susceptible to sudden pullbacks. Goldman Sachs trader Lee Coppersmith and others wrote in a report to clients: 'These factors together create an environment where the impact of factor trading unwinding may be far more severe than the volatility levels indicated at the index level.' Alexander Altmann, head of global equity tactical strategy at Barclays, stated that following last Friday's sharp decline, volatility-controlled funds may need to reduce their US stock allocations by about 14 percentage points. This would represent the largest single-day de-risking operation since February 6.

BlockBeats News, June 10th, according to Bitget market data, the "White-Haired Stock God" Serenity's recommended stock list suffered a crash, with its heavy-weight recommended stock SIVE dropping by 14.4%; others including AXTI dropping by 15.2%, AEHR dropping by 10%, AAOI dropping by 17%, HPS.A dropping by 6.7%, SOI dropping by 10.4%, NVTS dropping by 13.8%, NBIS dropping by 6.5%.

On June 10, following a significant drop in the U.S. stock market, SK Hynix on trade.xyz fell by 10.85% from its intraday high, currently priced at $1,340. Samsung Electronics also saw a decline of 9.4% from its intraday high, now at $197.11. The Tradfi market does not have a concept of 'suspension,' with 24-hour continuous trading providing a reference for today's actual stock market opening, and the South Korean KOSPI index opened with a pessimistic outlook.