Institutional Analysis: Broad Market Sell-off Emerges, Fear Spreads
According to Golden Ten Data, CMC Markets sales trader Oriano Lizza stated that the market downturn has been somewhat delayed, and the issue of overvaluation has finally surfaced. Investors are watching to see if new catalysts will emerge to sustain the upward momentum. This broad-based market sell-off is the first time such a widespread situation has been seen, with almost no distinction between asset classes, which may indicate that fear is gradually spreading.
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