巴克莱一改往日坚定多头立场，警告散户标普500指数或面临总计6%-7%深调

Odaily星球日报讯 Barclays, which has long been a staunch bull, is now warning retail investors that the S&P 500 index could face a total correction of 6% to 7%.

Odaily Planet Daily News The shift of the most steadfast bulls is often the most noteworthy signal in the market. Alex Altmann, Global Head of Equity Strategy at Barclays, who has repeatedly called for "holding stocks" during market fluctuations and accurately timed the rebound, has recently issued a rare cautious warning.

In his latest market analysis, Alex Altmann stated that due to multiple pressures from technical overbought conditions, excessive sentiment, and a challenging macroeconomic environment, he has turned bearish on the short-term outlook for U.S. stocks. He believes the U.S. stock market is currently in the "middle of the mountain" of a structural correction. The biggest concern in the current market is the serious disconnect between retail investor sentiment and macro reality. He compared it to the speculative frenzy of 2021: back then, as U.S. stocks surged, real yields were negative, and cheap money flooded the market. Now, however, financing costs have soared significantly, real yields remain high, creating clear downward pressure on stock valuations.

Yet, the fervor among retail investors has even surpassed that of 2021. Alex Altmann stated bluntly: "When you can't find a single institutional bear in the market, the return curve for the S&P 500 has often already reached its peak."