#加密货币市场情绪和走势分析 After reading HSBC’s analysis report, I think now is indeed a good opportunity to increase positions. Market sentiment and holdings have clearly suffered, but in reality, the S&P 500 is only about 5% off its all-time high. The VIX futures curve is showing spot premium, indicating that near-term uncertainty is higher than long-term—which is actually quite uncommon.

However, I believe this concern is mainly concentrated in highly speculative sectors like tech stocks. If you exclude the tech sector, the expected profits for other S&P 500 companies have dropped 8% quarter-on-quarter, which actually sets a lower bar for the upcoming earnings season. Coupled with the possibility of a Fed rate cut in December, this could help ease tensions.

So my suggestion is: consider moderately increasing positions in high-quality blue-chip stocks outside the tech sector, or related ETFs. Of course, specific actions should still be based on your own risk tolerance. For those with experience, you can also watch for opportunities in high-yield and emerging market bonds. In short, remain cautiously optimistic—control risks, but don’t miss out on potential upside.