Is the high valuation holding steady for U.S. stocks in Q3 earnings?
S&P's third-quarter EPS year-on-year growth rate of 5% exceeded expectations, with communications services and medical care industries leading the way, while csi commodity equity index performed poorly. In addition, S&P's third-quarter profit year-on-year growth rate reached 74%, although exceeding expectations, it is below the average level of the past 5 years, hitting a two-year low.
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.
Fidelity: Maintaining a high allocation to stocks, high yield bonds, etc.
Thomas Poullaouec, head of diversified assets solutions for the Asia-Pacific region at Prudential, and his team released a latest report indicating that, in light of the loose mmf policy, china's stimulus measures, and the expected expansion of profit growth, Prudential continues to maintain a relatively high allocation to stocks.
How High Can the S&P 500 Go? The Math Behind Wall Street's Sky-High Price Targets. -- Barrons.com
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