策略师：对美股科技泡沫的担忧过度了

Core Viewpoint - Concerns regarding a technology bubble are considered excessive, with the valuations of the seven major tech stocks in the S&P 500 being in line with their average over the past five years [1] Group 1: Market Performance - The seven major tech stocks have delivered a total return exceeding 300% over the past five years [1] - There is still potential for further price increases in the coming months, supported by strong earnings growth and resilient economic fundamentals [1] Group 2: Economic Environment - The current monetary policy environment is becoming increasingly accommodative, which is expected to support continued market upward trends [1] - The overall market is likely to follow the path of least resistance, indicating a bullish outlook [1]