全球大类资产配置动态观察：特朗普就职对大类资产价格预期的变化

Group 1 - The report discusses the impact of global macroeconomic trends on asset allocation strategies, particularly focusing on commodities, bonds, foreign exchange, and stock markets [3][5][12] - It highlights the expected performance of commodities in 2025, indicating a potential increase in demand and prices due to geopolitical tensions and supply chain disruptions [3][5] - The bond market is analyzed with an emphasis on interest rate trends, suggesting that rising rates may lead to a decline in bond prices, impacting investor strategies [3][5] Group 2 - The foreign exchange market is examined, noting volatility and potential shifts in currency values influenced by central bank policies and economic indicators [3][5] - The stock market outlook is provided, with projections indicating a mixed performance across sectors, driven by earnings reports and macroeconomic data [3][5] - The report emphasizes the importance of diversification in asset allocation to mitigate risks associated with market fluctuations [3][5]