美国银行称，美国股市吸引的全球资金流入份额为2020年以来最低

Core Insights - The preference for U.S. stocks relative to international peers is at its lowest level in five years [1] - Year-to-date, only $26 out of every $100 flowing into global equity funds is directed towards U.S. stocks, the lowest ratio since 2020, compared to a peak of $92 in 2022 [1] - This trend indicates a decline in the relative inflow of assets into the U.S., rather than a direct outflow of funds [1] Market Predictions - The S&P 500 index is expected to remain flat by 2026, while the MSCI World Index excluding U.S. stocks is projected to rise by nearly 8% [1] - Investor interest in U.S. stocks is waning due to concerns over large tech companies' excessive investments in artificial intelligence, the weakening dollar influenced by Trump administration policies, and a growing preference for cyclical stocks that benefit from economic growth [1]