道富集团：投资者对风险资产的乐观情绪恐已过度

Core Viewpoint - Investor confidence in high-risk assets may be overstated, as indicated by Dwyfor Evans, the Asia-Pacific Macro Strategy Head at State Street Global Markets [1] Group 1: Market Trends - Investors are currently buying U.S. stocks while hedging against dollar risk and selling U.S. Treasury bonds [1] - Evans anticipates a gradual rise in U.S. inflation due to increases in both imported and domestic goods prices, suggesting that "3% has become the new 2%" [1] Group 2: Implications for Monetary Policy - The rising inflation is crucial for the Federal Reserve, as fewer rate cuts could lead to a rebound in the dollar [1] - Given the ongoing policy uncertainty, Evans warns that current market risk positions may be overly optimistic [1]