Group 1 - The core viewpoint is that the recent rally in U.S. stocks may be nearing its end, as the market transitions into a "buy the rumor, sell the news" phase, despite a strong reaction to trade easing announcements [1] - Since President Trump announced a pause on certain tariffs on April 9, the S&P 500 index has surged by 14%, indicating a strong market response to trade easing, yet it remains down 3.7% year-to-date, underperforming compared to international peers [1] - The recent moderate stance of the U.S. on global trade may have already been fully priced in by the market, suggesting limited further upside potential [1] Group 2 - Hartnett's views are supported by significant capital outflows, with approximately $24.8 billion withdrawn from the U.S. stock market over the past four weeks, marking the highest redemption level in two years [2] - Hartnett advises investors to favor bonds over stocks by 2025, and prefers international stocks over U.S. stocks, indicating a shift towards more defensive and potentially upward-moving markets [2] - He notes that U.S. stocks are in the late stages of a structural bear market compared to non-U.S. markets, providing clear guidance for investors seeking to protect their assets [2]

秦氏金升：3.25黄金涨跌不延续，伦敦金行情走势分析及操作建议 周二(3月25日)美市盘中，国际黄金短线上涨，截至发稿暂报3035.81美元/盎司，涨幅0.71%，今日金价开盘于3012.82美元/盎司，最高上探3035.93美元/盎 司，最低触及3007.31美元/盎司。 在周评中，秦氏金升的分析是上方以上周回撤反弹的最低位3038为保护在32附近看延续下跌的情况，周一的走势已经验证这一预测。现在小时级盘面上来 看，昨天回撤低点在3002附近，没有下破2999上周的低点，今日早盘分析也指出这个情况，今日的走势上，低点逐步在抬升（图中红色趋势线）震荡向上， 但是上方还有3038的压制可以参考，所以只能看做一个震荡调整。 现在蓝色下降趋势线破坏，那么后市可以舍弃，目前美盘开盘，现在金价在3034附近交投，美盘主要关注3038压制情况，在没有越过此位置之前，老秦建议 还是可以执行看空的思路。下方关注红色趋势的支撑情况，也就是3013一但下破，那么下方去看3002昨天低点支撑情况。综合来讲，现在黄金的涨跌延续度 差，现在下方3000关口支撑还在，上方压制位也未有力去试探，所以秦氏金升的观点是3035附近做空看跌，下 ...