HSBC strategist said the market environment is suitable for risk assets to continue to rise.

HSBC strategists say that the current market environment is very conducive for risk assets to continue to "melt up." The team led by Max Kettner believes that they are "skeptical" that the final deadline on July 9 for tariff negotiations will trigger market volatility similar to the "Liberation Day" on April 2. The stock market is expected to benefit from loose US fiscal policies, partial trade agreements, and a strong labor market, while US Treasury yields are not yet high enough to pose a threat.