“老债王”格罗斯：“债熊股牛”格局正在加速形成！

Group 1 - Bill Gross warns that due to rising fiscal deficits and a weakening dollar, the 10-year U.S. Treasury yield is unlikely to fall below 4.25% [1] - Gross predicts a "small bear market" for bonds and a "small bull market" for stocks, driven by the power of artificial intelligence (AI) [1] - Historical trends indicate that the 10-year Treasury yield typically exceeds consumer price inflation by about 1.75 percentage points, suggesting limited reasons for a significant drop in yields from current levels [1] Group 2 - Despite challenges in the bond market, Gross believes the stock market will continue to rise, fueled by the AI wave [2] - The S&P 500 index has increased over 3% year-to-date, while the Nasdaq 100 index has risen more than 5% this year [2] - Gross emphasizes that the market is evolving towards a "bear bond, bull stock" scenario, with expectations for AI-related sectors driving earnings revisions [2]