Core Viewpoint - U.S. Bank strategist Hartnett suggests that Chinese stocks and gold are the best hedges against the surge in U.S. stock valuations driven by artificial intelligence trading, which has pushed the S&P 500's forward P/E ratio to 23 times, significantly above the 20-year average of 16 times [1] Group 1 - The S&P 500 index's current forward P/E ratio is 23 times, compared to a historical average of 16 times over the past 20 years [1] - The so-called "seven giants" tech group accounts for over one-third of the weight in the U.S. benchmark index, with these stocks having a higher valuation at a forward P/E ratio of 31 times [1] - Hartnett states that the leadership of AI stocks is unlikely to change in the short term, and believes that gold and Chinese stocks are the best options to hedge against the U.S. AI boom/bubble [1]
美银策略师：黄金与中国股市是对冲美股AI泡沫的最佳工具
Ge Long Hui A P P·2025-10-31 13:12