Yardeni：资金从美股七巨头向更广泛市场轮动，“圣诞老人行情”或更难以持续

Group 1 - Yardeni Research indicates that the traditional year-end "Santa Claus rally" may be harder to sustain due to a rotation of funds from the seven major U.S. stocks to a broader market [1] - After the S&P 500 index reached a historical high of 6901 points on December 11, Yardeni announced that its year-end target of 7000 points has been "achieved" [1] - The firm does not rule out the possibility of a "Santa Claus rally" occurring in the remaining time of the year, but warns that if the S&P 500 continues to rotate from the seven major stocks to the remaining 493 companies, such a rally is unlikely [1] Group 2 - Yardeni Research expects this rotation to continue until 2026, which may slow down the earnings growth of the seven major U.S. stocks [1] - The adoption of AI is anticipated to enhance productivity and profits across the broader market, aligning with the firm's "Roaring 2020s" scenario [1]