Lates News

The stock market in April witnessed a surprising "deep V" rebound, with the S&P 500 experiencing a 9-day consecutive rise after the sharp drop in early April, setting a record for the longest consecutive rise since November 2004. Bank of America's chief investment officer, Hartnett, pointed out in the latest research report that this trend indicates investors' expectations for Trump to turn to a "three lows" policy in the second hundred days, namely lowering tariffs, interest rates, and taxes. At the same time, concerns about a recession in the US economy triggered by "soft" data are also easing. Hartnett pointed out that the 2-year US bond yield has dropped by 70 basis points since Trump took office, oil prices have fallen by 20%, and the US dollar has depreciated by 9%, all contributing to loose financial conditions. In addition, capital spending by tech giants in the AI field remains strong, with an estimated total of $320 billion by 2025, collectively alleviating concerns about a recession.