The pullback in the U.S. stock market reflects valuation adjustments, not a deterioration in fundamentals

According to Jin Ten, the US stock market has continued to be under pressure this week, with investors questioning the sustainability of high valuations in technology stocks. Pepperstone research strategist Ahmad Assiri stated that this pullback is not a structural collapse, but rather a reality check. He pointed out that the approximately 2% decline in the Nasdaq reflects more of a market valuation response rather than a deterioration in fundamentals, and the VIX index has not shown a significant spike, further supporting this view.