Group 1: AI Investment Trends - The core viewpoint is that the AI investment boom is driven by abundant liquidity and is dominating the investment landscape this year [1] - The firm anticipates that AI trading momentum will soon exhaust, with a core assumption that momentum and earnings will continue until mid-next year, after which a critical point will be reached [1] - The firm sets a mid-2024 target for the S&P 500 index at 7,200 points, indicating a bullish outlook for the near term [1] Group 2: Emerging Markets Performance - Emerging markets have achieved a total return of 32% in USD terms this year, marking the best performance since 2017 [2] - The firm assesses the sustainability of this market rally based on six indicators, finding positive signals in risk appetite, dollar trends, earnings growth, and currency cycles [2] - The firm projects that the emerging market rally will continue into next year, setting a mid-2024 target for the MSCI Emerging Markets Index at 1,550 points, representing a 12% upside from current levels [2]
里昂：AI行情料明年到临界点 印度及印尼料受惠市场轮动
智通财经网·2025-12-12 09:05