The global stock market has taken a pretty strong fall 🔴

Asia opened with a direct bloodbath: South Korea's KOSPI fell over 6%, triggering the circuit breaker mechanism, accumulating a drop of over 7% in two days (the worst since August). The Nikkei 225 fell 3.7%, falling below 50,000 points for the first time. Hong Kong stocks, A-shares, and Taiwan stocks also followed suit. European and American futures could not escape either.

The story behind it: Previously, the optimistic sentiment around AI and expectations of interest rate cuts by the Federal Reserve led to the US stock market rising nearly 40% from its low in April. But here's the problem - the gains are all concentrated in a few big tech stocks, and risk signals are flying everywhere.

Wall Street bigwigs are getting restless: JP Morgan and Goldman Sachs executives are starting to question whether these valuations can hold up. Legendary short seller Michael Burry (the prototype for "The Big Short") has also publicly shorted Palantir and Nvidia. The market is in for a "healthy adjustment."

A strategist from South Korea said it well: "Investors are already tired of this 20% rise in stocks. The panic of the AI bubble has just begun."

Wait, the NVIDIA earnings report on November 19 might find a turning point?