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October 16 news - Jonas Goltermann, Chief Market Economist at Capital Economics, pointed out in a report that although the recent sell-off in U.S. stocks may be just a temporary adjustment, the U.S. stock market has shown more signs of the end of a cycle. He predicts that over the next year, U.S. stocks may experience a more prolonged retreat, while U.S. Treasury yields will decline. Goltermann mentioned that although recent U.S. inflation data remains high, market concerns about the sustainability of the artificial intelligence boom have intensified, surpassing the impact of inflation data on the market. He specifically noted that since the U.S.-Iran war, U.S. stocks and U.S. Treasury yields have simultaneously declined significantly for the first time. This trend of simultaneous declines in stocks and bonds is a market signal that the AI boom may be reversing.
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