全球股市创出历史新高

Group 1 - The MSCI ACWI index reached its highest value since February 18 on June 26, indicating a recovery in investor confidence as fears of a "Trump recession" diminish [1][2] - The index has increased by 20% since hitting a recent low on April 8, following concerns over U.S. tariff policies [2] - Positive developments in U.S.-China negotiations have improved investor sentiment, with potential policy changes that could favor U.S. consumers [2][3] Group 2 - The current stock market highs are supported by expectations of U.S. interest rate cuts and the high growth potential of AI-related stocks [3] - There is a growing belief that the Federal Reserve may cut rates at least twice this year, with 60% of investors anticipating such moves [3] - Geopolitical risks have eased, contributing to lower inflation pressures and bolstering rate cut expectations [3] Group 3 - U.S. technology stocks, particularly in the AI sector, have shown strong performance, with significant increases in market capitalization for companies like Microsoft, NVIDIA, and Broadcom [3][4] - The earnings outlook for S&P 500 companies is improving, with a projected 9% growth in earnings per share for 2025, despite a slight slowdown from previous expectations [4][5] - There are concerns about potential economic overheat due to pre-tariff purchasing, which may lead to a false sense of prosperity [5]