The US stock market is now in an irrational and prosperous stage, with speculative behavior prevalent among retail investors and prices severely detached from value. On the basis of a 10% decline in earnings per share, the Nasdaq 100 index continues to rise! as 👇 Figure 1 2. The dividend yield of the S&P 500 has hit the second lowest point in history, and deteriorating economic fundamentals are destroying everything, just one step away from reaching a historic low! as 👇 Figure 2 3. The PB (price to book ratio) of the S&P 500 index, the ratio of stock price to net assets, has reached a historic high! as 👇 Figure 3 The trend of speculation is prevalent. The daily trading volume of options in the United States has reached a historical record of 53000, with the high-risk 0DTE (one day options) accounting for 55% of the total options market! as 👇 Figure 4 The US stock market has become too crazy. When an avalanche occurs, not a single snowflake is innocent. Today's retail data 📊 The big landslide seems to indicate that something is coming! We need a quick valuation correction, accompanied by a local panic crisis, to prompt a large-scale water release and accelerate interest rate cuts. We are waiting for this moment to come! 🧐 Be a patient cheetah!