Is the bull market in US stocks coming to an end? "Bond King": The downward trend is weakening under multiple headwinds

Bill Gross stated that the bull market in US stocks faces multiple headwinds, including overvaluation, macroeconomic and geopolitical factors, although he did not predict an imminent collapse of the bull market. He advised investors to reallocate to defensive and high-yield stocks, while reducing exposure to fixed income assets. Gross recommended investments such as power utility company Allete, oil and gas contract-linked master limited partnerships, mortgage real estate investment trust Annaly Capital Management, and municipal income fund DWS Municipal Income Trust. He warned that global military tensions and rising deficits could impact economic growth