Charles Schwab: Expects the Fed to cut interest rates twice this year, with the US economy and stock market continuing to show a "K-shaped" recovery

Charles Schwab's Hong Kong financial advisor predicts that the Federal Reserve will cut interest rates twice this year, totaling a 50 basis point reduction. He is optimistic about the medium to long-term bond, financial, energy, and raw materials industries. He believes that the U.S. economy and stock market will continue to show a "K-shaped" recovery, with significant divergences possible. He advises investors to extend the duration of fixed income investments and invest in securities with better credit quality