Behind the record highs in US stocks: the market is far from crazy, is there room for further growth by the end of the year?

[Crypto World] U.S. stocks hit new highs again. The S&P 500 index rose to a record high again on Thursday. Although such scenes are common this year, it has been exactly six weeks since the last record. This interval is worth noting.

From a fundamental perspective, the financial reports of U.S. listed companies continue to perform impressively, and economic data also shows unexpected resilience. Logically, the market should be celebrating, but in reality, it is not. According to strategic research institutions, current market sentiment is far from reaching madness.

The most interesting point is that several investment banks’ opinions point to the same conclusion: “Ample ammunition.” While Barclays’ sentiment indicator has stabilized after falling, it still has a considerable distance from its peak in early October. In other words, investors still have plenty of resources on hand, ready to increase positions at the end of the year or early next year. What does this mean? There is still potential for upward movement.

For the crypto market, this signal is equally crucial. Risk appetite for traditional assets remains, and liquidity expectations are optimistic, which often drives more funds into risk assets—including digital assets.