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BlockBeats News, June 8th, The "White-Haired Stock God" Serenity posted on social media that after the news of "JPMorgan (Institution) buying more than 5% of the company's shares in just one month" came out, the stock price only rose by 3.36%. Before the upcoming CPO supercycle, JPMorgan is likely still quietly accumulating the remaining circulating shares.

On June 8, Morgan Stanley strategists stated that the sell-off in U.S. stocks last Friday, triggered by position adjustments, is a healthy correction. Supported by corporate earnings growth and resilient economic data, the team remains optimistic about the overall stock market. Led by Mike Wilson, the team noted in their research report that the decline was led by the semiconductor and storage sectors. These sectors have seen significant gains this year, while hedge funds and leveraged exchange-traded funds have clustered their positions, accumulating risk. The team believes that if this bull market is to continue until the end of the year, market adjustments are inevitable and have positive long-term implications. The strategists maintain a benchmark target of 8,000 points for the S&P 500 index, indicating about an 8% upside from current levels. The team expects corporate earnings to continue strengthening, with a broader growth coverage, and macroeconomic data will continue to support the market. (Sina Finance)

BlockBeats News, June 8th, according to Alternative data, today's cryptocurrency Fear and Greed Index is 8 (yesterday was 12), deepening the market's "extreme fear" sentiment. Note: The Fear Index has a threshold of 0-100, including indicators: Volatility (25%) + Market Volume (25%) + Social Media Hype (15%) + Market Surveys (15%) + Bitcoin Dominance (10%) + Google Trends Analysis (10%).