利好出尽是利空！华尔街策略师警告：降息后美股涨势恐熄火

Group 1 - The core viewpoint is that if the Federal Reserve lowers interest rates as expected, the current record rally in the U.S. stock market may temporarily lose momentum due to concerns over a potential economic slowdown [1] - The S&P 500 index is nearing historical highs, driven by expectations of a rate cut, but there are growing worries that a 25 basis point cut may not adequately address the slowing labor market [1] - Morgan Stanley's Michael Wilson highlights the short-term risks stemming from the mismatch between lagging employment data and the Fed's response, suggesting that the Fed's actions may not meet market demands for speed [1] Group 2 - JPMorgan strategists indicate that the U.S. stock market has reached multiple historical highs despite weak indicators, and this trend may reverse once the Fed initiates rate cuts in 2025 [2] - The JPMorgan team, led by Mislav Matejka, warns that once easing policies are reintroduced, the stock market may become more cautious and reassess its potentially overly optimistic stance [2] - Oppenheimer Asset Management's chief investment strategist John Stoltzfus states that as long as the U.S. economy remains resilient, any declines following a Fed rate cut may be limited in scale and duration [2]