Odaily Planet Daily News: Despite the recent turmoil in financial markets, analysts at BMI, a research institute under Fitch, believe that it is too early to assert that macro or market conditions have deteriorated significantly. BMI said: "The surge in financial market volatility is the result of a perfect storm of macro and market shocks when risk assets are already overbought and overstretched." When the adjustment began, the stock market had already rebounded sharply and was prone to sell-offs. BMI pointed out that adjustments of 5%-10% are quite common in bull markets, and volatility tends to increase between July and October. Factors that may indicate that the stock market rout has turned into a bear market and dragged down the global economy include: stocks falling below key support levels, geopolitical tensions driving oil higher, and continued weakness in US data exacerbating concerns that the Federal Reserve's policy is too lagging. (Jinshi)