U.S. stocks are repeating the nightmare of 2022, and risk aversion is spreading😪

U.S. stocks fell another 1% yesterday, repeating the nightmare scenario of 2022's simultaneous declines in equities and fixed income, when risk parity funds and typical 60/40 funds posted one of their worst performances on record in August for these traditional strategies. Quite possibly their worst month of the year, and their profit and loss management has undoubtedly contributed to a more general risk-off trend in the market over the past two weeks.

From a technical perspective, although we turned negative on the Nasdaq a few weeks ago, the current trend may be a bit excessive from the short-term indicators of the SPX, and the current risk reward looks more balanced, especially considering the impact on China Bearish sentiment is already the general consensus, and it may be wise to keep risk exposure lower while we wait for the market to stabilize.

#美股 #固定收益 #基金 #NASDAQ #SPX