Bank of America: "Potential BUGs" may drag down US stocks next year, bullish on Chinese stocks!
①Bank of America's strategist stated that if the ratio of the Nasdaq 100 index/S&P 500 index falls below the high of 2000, it will prompt investors to exit the 'American exceptionalism' trades; ②Reports predict that the American financial conditions may tighten, traders will increase their allocation to the Asian and European international markets in the first quarter, and expect Chinese stocks to perform well in 2025.
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Closing: The Dow Jones Industrial Average closed up over 400 points, reaching a historic high. The three major indices all recorded gains this week.
On the morning of the 23rd Beijing time, the U.S. stock market closed higher on Friday, with the Dow hitting a new closing high. Cyclical stocks and small caps that may benefit from Trump's economic policies saw widespread gains, while technology stocks performed slightly worse.
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