Goldman Sachs said in a note to clients that the S&P 500 index fell below a closely watched level, giving the green light to trend-following hedge funds that may sell nearly $40 billion worth of stocks in the coming week. The S&P 500 index fell below 6725 points on Wednesday. In a note sent to clients later that day, Goldman Sachs said that trend-following hedge funds view this critical level as a signal to either sell positions or increase short bets that stocks will decline further. Goldman Sachs' calculations show that after the stock price fell below this number, nearly $39 billion worth of stocks could be sold globally in the following week. If prices continue to fall, the bank estimates that systematic trend-following hedge funds could sell up to about $65 billion worth of stocks. Trend-following hedge funds aim to capitalize on signals at the start of market trends—whether up or down. These signals can be based on trading volume, price, or the speed of asset price changes during the trading day. Goldman Sachs' report said that before the stock sell-off began, these hedge funds were long about $150 billion worth of global stocks. Goldman Sachs stated that the last time stock prices fell below these closely watched levels was in October, and before that on April 2, when U.S. President Trump announced a series of tariff proposals.

market shows BTC falling below $90,000, currently at $89,964.35, with a 24-hour increase narrowing to 0.05%. The market is highly volatile, please manage your risks accordingly.

 market news: Morgan Stanley analyst Michael Gapen stated that strong employment reduces the risk of rising unemployment, no longer expecting the Federal Reserve to cut rates in December, currently expecting three rate cuts in January, April, and June next year, thereby maintaining the terminal rate expectation at 3-3.25%.

market news: Wells Fargo analyst Sarah House stated that the Federal Reserve should cut interest rates by 25 basis points in December, citing easing inflation and a weakening labor market. She pointed out that hawks may oppose the rate cut because inflation is above target and job growth is robust, but the Fed still sticks to its view while acknowledging that this is a "50-50" decision.

U.S. Congressman Warren Davidson has introduced the "Bitcoin for America Act," which aims to codify the Strategic Bitcoin Reserve executive order and eliminate capital gains tax on paying taxes with Bitcoin.

Federal Reserve's Harker stated that the employment data looks mixed. The employment report is "slightly stable," but also in line with expectations; for the US economy, high inflation remains a real issue.

according to CCTV News, a recent poll shows that the American public is increasingly dissatisfied with the Trump administration's economic policies, and the overall economic sentiment has significantly deteriorated. In the survey, 76% of respondents believed that the U.S. economic situation was "poor," a further increase from 67% in July. The majority of respondents indicated that various living costs, including medical and housing expenses, continue to rise. Only 15% of respondents believed that the Trump administration's economic policies had a positive effect, while 46% believed these policies worsened the economic situation.

 Federal Reserve Board member Barr: Concerned that inflation remains at the 3% level. Monetary policy should be cautiously formulated to balance risks. Support for the labor market is needed, but inflation must return to 2%.

Solana teased on social media that there may be a major announcement, stating "Something big is coming".

Google rose 3.2% with a total market value reaching $3.65 trillion, slightly surpassing Microsoft, entering the top three in total market value on the US stock market.