中金：全球资产的牛市有持续的可能

Core Viewpoint - The report suggests that due to the operational patterns of the current US dollar liquidity system and the constraints imposed by significant fiscal trends, it is challenging to alter the normalization of the Federal Reserve's balance sheet expansion regardless of who is appointed as the Fed Chair [1] Group 1 - The global asset bull market has a continued possibility of persistence [1] - The report maintains a positive outlook for the Chinese and US stock markets, as well as for gold, silver, and copper, benefiting from the trend of improving US dollar liquidity [1]