"[Wall Street Analysts Begin to Show Skepticism After Two Months of Stock Market Gains] BlockBeats News, June 2 — The U.S. stock market may continue to set new records, but Wall Street analysts responsible for tracking these markets are not rushing to keep pace with its upward momentum. Researchers are downgrading ratings for companies listed in the S&P 500 index. According to data from Jefferies, the proportion of stocks in the broader Russell 3000 index rated as 'Buy' is nearly the same as it was four years ago, far below the peak levels seen during the dot-com bubble. Regardless of the exact reasons behind this new wave of skepticism, it is being viewed as a positive development. From a contrarian perspective, this suggests that market sentiment has not yet reached the overly euphoric state that typically signals a market top. Andrew Greenebaum, Senior Vice President of Equity Research Product Management at Jefferies, stated: 'I usually consider market sentiment from the perspective of whether there are more new buyers or sellers. Currently, the sell-side has not shown signs of buying activity.'" (Jin10)