Analysts say there's no need to be overly concerned about this market downturn, as it's largely driven by profit-taking rather than panic selling.

According to TechFlow TechFlow, on November 14th, Reuters market analyst Jeremy Boulton stated that forex traders may be considering whether their long-feared stock market correction has finally begun. However, the deeper the stock market falls, the higher the probability of a December rate cut. Currently, the market is pricing in a roughly 52% probability of a 25 basis point rate cut by the Federal Reserve in December. This round of profit-taking is mainly due to investors' concerns that there will be no rate cut in December. But note the key point: this is profit-taking, not a forced liquidation of losing positions. Traders often re-establish profitable positions after corrections, and this pullback is providing more attractive entry levels. If a rate cut stimulus occurs earlier than expected, it will give traders a reason to act. (Jinshi)