富国银行：预期流动性将上升，美股回调将创造买入机会

Core Viewpoint - Wells Fargo indicates that current liquidity conditions are tight, but the Federal Reserve's expected expansion of its balance sheet may lead to a "sharp reversal" in this environment by the first half of 2026 [1] Group 1: Liquidity Conditions - Analysts at Wells Fargo, including Ohsung Kwon and John Glascock, believe that during the anticipated period of increased liquidity, stock market pullbacks will present buying opportunities for investors [1] - Historically, tight liquidity has resulted in defensive stocks outperforming more speculative growth sectors [1]