• US stocks have achieved a rare 12 consecutive days of gains;

• Global stock inflows over 26 years are rushing towards a record of $1 trillion;

• Risk appetite indicators (AUD/JPY) have reached a new high since 1990!

The market is moving towards a frenzy mode, as a temporary ceasefire in the Middle East leads to a sharp decline in global risk premiums. Funds are fleeing from safe-haven assets, resulting in a "short covering" style of retaliatory buying.

But today, a report from Bank of America poured cold water on the situation, primarily discussing the lagging nature of inflation transmission and the impact of interest rates.

There is also a recent earnings season issue, such as Netflix's after-hours drop, showing typical signs of "good news being bad news" in profit distribution.

Bank of America has provided a direction that is relatively certain for the future: focus on commodities!

Commodities are the ultimate defensive assets in asset allocation, effectively resisting inflation and hedging against the depreciation of the dollar.

Additionally, from the underlying logic of the tech war, whoever controls chips, rare earths, minerals, and oil will win the AI arms race in the future.

Therefore, institutional investors are using a strategy of "buying tech growth with the left hand and positioning hard-core resources with the right hand" to hedge against potential stagflation risks, which is worth learning from and paying attention to!🧐

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。