摩根大通：美股近期升势或在美联储降息后陷入停滞

Core Viewpoint - Morgan Stanley's report suggests that the recent rise in U.S. stocks may stagnate as investors are likely to lock in profits rather than increase positions before year-end, following the anticipated interest rate cuts by the Federal Reserve [1] Group 1: Market Outlook - The stock market has returned to high levels, with expectations of interest rate cuts fully reflected in current prices [1] - Despite potential stagnation in the short term, the medium-term outlook for U.S. stocks remains positive due to the Federal Reserve's dovish stance [1] Group 2: Economic Factors - Low oil prices, slowing wage growth, and easing tariff pressures in the U.S. may allow the Federal Reserve to loosen monetary policy without exacerbating inflation [1]