美银知名策略师Hartnett：杰克逊霍尔若放鸽 美股恐现“买预期卖事实”行情

Group 1 - The US stock market reached a historical high this week, but there are concerns about a potential pullback if the Federal Reserve signals a dovish stance at the Jackson Hole Economic Symposium [1] - Investors are heavily investing in high-risk assets such as stocks, cryptocurrencies, and corporate bonds, betting on interest rate cuts to support a weak job market and alleviate US debt pressure [1] - Michael Hartnett's strategy team emphasizes a preference for international stocks over US equities, a strategy that has been validated by market performance this year [1] Group 2 - The S&P 500 index recently hit a record high, driven by tech giants and supported by moderate CPI data, with a 92% probability of a rate cut in September indicated by interest rate swap contracts [2] - The S&P 500 index has risen nearly 30% since its low in April, and there was a net inflow of $21 billion into US stock funds in the week ending August 13, reversing the previous week's outflow of $28 billion [2] - Hartnett warns of stock market bubble risks, suggesting that gold, commodities, cryptocurrencies, and emerging market assets will benefit the most as investors seek inflation-hedged assets and hedge against a weakening dollar [2]