Core Viewpoint - The US stock market continues to reach historical highs, driven by increasing expectations of three interest rate cuts by the Federal Reserve this year [1] Group 1: Market Trends - The market is shifting focus from potential inflation risks due to tariffs to concerns about a slowing job market [1] - There is a growing "extreme bullish sentiment" among investors in the US stock market, which may pose hidden risks [1] Group 2: Investment Strategies - The Chief US Equity Strategist at Bank of America, Hartnett, suggests that gold is a quality tool for hedging against inflation, dollar depreciation, and disorderly risks [1]