#全球市场波动 Looking back at the recent sharp fluctuations in the US stock market reminds me of the situation during the 2008 financial crisis. Back then, similar panic spread across the markets, with investors seeking ways to hedge risks. However, the current market environment is somewhat different, as the strong performance of tech giants like Nvidia has injected some positive factors into the market.

From a historical perspective, such extreme volatility often signals an upcoming market turning point. The data cited by Goldman Sachs is quite interesting—since 1957, there have only been 8 instances where the S&P 500 opened up more than 1% but closed lower, and after such events, the market usually rebounded. This reminds us not to be blinded by short-term fluctuations, but instead to calmly analyze and look for potential opportunities.

Of course, we cannot ignore concerns about high valuations in the market. The surge in tech stocks does make many traditional investors uneasy. But from a longer-term cycle, technological innovation remains a key driver of economic development. The key is to find a balance between hype and value.

As for the current situation, my advice is: stay alert but don’t panic, closely monitor the Federal Reserve’s policy direction, and also pay attention to changes in fundamentals across various sectors. The market always swings between fear and greed, and real opportunities often arise in times of panic. Let’s learn from history and seek long-term value amid the volatility.