Citrini Research: There will be brief fluctuations in the bull market of the US stock market, and this decline is expected to last longer BlockBeats News: On June 15th, Citrini Research, the publisher of the "AI Apocalypse Report," released its latest macro research report, stating that the US economy is strong but not overheated, and inflationary pressures are expected to ease. The stock market will continue to rise with volatility driven by the new Federal Reserve chairman, the Iran conflict oil "echo shock," and the maturity of AI infrastructure. Citrini believes that the market is in an endless game of "thematic momentum and macro environment". We will oscillate between periods of strong stock performance (primarily driven by artificial intelligence) and brief periods of volatility, which are attributed to macroeconomic concerns (at least superficially). Even though interest rate volatility was the initial catalyst, the sell-off in the US stock market is not surprising and was already anticipated. Previously, the stock market had been rising continuously for seven weeks. This sell-off is mainly focused on the technology sector, especially hardware or momentum stocks. All indicators indicate that technology stocks are severely overbought, to the point where a slight negative factor can trigger a collapse. The report predicts that the decline will continue for a longer period of time, but ultimately, the macro context in which it occurs is much more optimistic than many investors believe. The report states that recent labor data is believed to exaggerate economic resilience, and the market correction is a normal cleaning caused by excessive leverage. The fundamentals support a circuit breaker rise before the end of summer and more frequent 10-15% pullbacks. Citrini Research, a research institution with strong market influence, released a report in February this year proposing the concept of a "global intelligence crisis", warning that AI may trigger "bottom-up competition" for knowledge-based jobs and break the industry and credit chains built around white-collar productivity. The report led to a subsequent sharp decline in the US stock market. [Original link]