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BlockBeats News, June 9th, according to Bloomberg, Jack Caffrey from J.P. Morgan Asset Management stated that despite some signals indicating that the U.S. stock market may have overextended, the market still has room to further rise supported by corporate earnings growth. Caffrey believes that even after several years into an economic expansion phase, U.S. corporate profits are expected to grow by 22% or more in 2026. He noted that last year's corporate profit growth was in the mid-teens, and a similar growth level may also be sustained in 2027.

BlockBeats News, June 9th - Analyst Divyang Shah stated that last Friday the U.S. stock market, especially the AI and Tech sectors, experienced a sharp sell-off. The reasons behind this were diverse, but the most significant impact was the sudden reversal of volatility—the VIX fear index surged above the 20 level, and the futures curve followed suit. Currently, this shock has gradually subsided, although the VIX spot level remains slightly higher than before last Friday's plunge. The near-month VIX futures contract has narrowed the spread with the spot price to equilibrium. The futures curve has shifted slightly downward but still maintains an overall upward slope. This indicates that despite the volatility surge, the market sentiment has not undergone a fundamental reversal, and the overall tone still leans towards optimism. Investors remain cautious about the recent gains in AI and Tech stocks. However, as the losses from last Friday are gradually absorbed, the market has not slid into full pessimism.

BlockBeats News, June 9th: According to data from ADP, the US saw a weekly change in nonfarm payrolls of 29,000 for the week ending May 23, down from the previous value of 35,750. (FXStreet)