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Group 1 - Despite ongoing trade and geopolitical tensions, U.S. stocks continue to reach new highs, with major asset management firms increasing their bullish bets on risk assets [1] - Invesco, Fidelity International, and JPMorgan Asset Management are increasing their holdings in technology stocks and emerging market assets, betting that Trump will ultimately back down from economic disruptions [1][4] - Invesco's Chang Hwan Sung noted that the consensus among global fund managers is that the inherent volatility of Trump's second term will give way to economic pragmatism, supporting various assets from Indonesian bonds to U.S. growth stocks [4] Group 2 - Invesco has increased its U.S. stock holdings ahead of corporate earnings reports, expecting these reports to further support the stock market [4] - Fidelity International favors Taiwanese stocks due to their high concentration of technology companies and sees potential in Korean stocks due to their low valuations [6] - JPMorgan Asset Management believes that U.S. mid-cap tech stocks have room for growth, driven by optimism surrounding artificial intelligence [6][7] Group 3 - HSBC and Goldman Sachs have also recommended increasing allocations to U.S. stocks, with Goldman Sachs raising its target for the S&P 500 index [6][7] - HSBC's Max Kettner stated that low market expectations make corporate earnings reports a catalyst for the U.S. stock market [7] - Kettner also mentioned that the negative impact of tariffs on profit margins and earnings may be overestimated, while the positive effects of a weaker dollar are underestimated [8]