Barclays breaks away from its previous firm bullish stance and warns retail investors that the S&P 500 index may face a total of 6-7% deep adjustment Odaily Daily News: The most resolute bullish turn is often the most noteworthy signal in the market. Alex Altmann, the global head of equity strategy at Barclays, who has repeatedly called for "holding still" and accurately tracking the rebound pace amidst market volatility, recently issued a rare cautious warning. Alex Altmann stated in his latest market analysis that he has turned bearish on the short-term trend of US stocks, driven by multiple factors such as technical overbought, emotional overheating, and macroeconomic pressures. He believes that the current US stock market is on the halfway point of a structural correction, and the biggest hidden concern in the market is the serious disconnect between individual investor sentiment and macro reality. He compared the speculative boom of 2021: when the US stock market went crazy, the actual yield was negative and cheap funds flooded the market; Nowadays, the cost of financing has skyrocketed significantly, and the actual yield remains high, which has formed a clear squeeze on stock valuation. However, the enthusiasm of individual investors has even exceeded that of 2021. Alex Altmann bluntly stated, "When the market cannot find any institutional bears, the return curve of the S&P 500 index often has reached its end