Recently, the major indices of the US stock market have seen a significant rise. At first glance, this surge appears to be driven by certain Favourable Information, but in reality, it may be a catch-up rally after a long period of mediocre performance of Apple stocks in this bull run.

In the current late stage of the bull run, many large-cap U.S. stocks have shown signs of bubbling. Market observers expect that this upward trend may continue until the end of the year, after which a turning point into the bear market phase is likely to occur.

It is worth noting that the cryptocurrency market is also showing similar trends. The entire digital asset market has already exhibited significant bubble characteristics. As investor funds gradually deplete, it is expected that by the end of the year, the cryptocurrency market may also face the risk of turning towards a bear market.

This phenomenon reflects the cyclical characteristics of financial markets, and both traditional stock markets and the emerging cryptocurrency sector are difficult to avoid periodic fluctuations. Investors need to fully consider market cycles and reasonably assess risks and returns when making decisions.

Although the market may continue to rise in the short term, investors should remain vigilant and pay attention to potential risk signals. At the same time, for long-term investors, the transition of market cycles may also bring new investment opportunities.