【中金2026展望：泡沫加速！美国“财政主导”利好中美股市和金银铜】中金公司预计，2026年特朗普政府将转向财政货币双宽松，美联储常态化扩表释放流动性，缓解美国经济三大症结（信心扰动、小企业扩张迟滞、地产疲弱）。宽松环境利好科技、工业、资源板块，并推动美元趋势性贬值。弱美元周期下，人民币有...

Core Viewpoint - CICC predicts that by 2026, the Trump administration will shift towards a dual approach of fiscal and monetary easing, which will benefit both US and Chinese stock markets as well as gold, silver, and copper [1] Group 1: Economic Environment - The Federal Reserve is expected to normalize its balance sheet expansion, releasing liquidity to alleviate three major issues in the US economy: confidence disturbances, stagnation in small business expansion, and weakness in the real estate sector [1] - A loose monetary environment is favorable for the technology, industrial, and resource sectors, while also promoting a trend of dollar depreciation [1] Group 2: Currency and Market Impact - During a weak dollar cycle, there is potential for the renminbi to appreciate, leading to a global rebalancing of funds that will boost A-shares and Hong Kong stocks [1] - New economy sectors are expected to continue leading the market, while the consumer demand sector is likely to experience a rebound [1] Group 3: Inflation-Linked Assets - Assets such as gold, silver, and copper are anticipated to benefit from inflationary trends [1]