Bank of America: Investors flocked to Chinese stocks in the past week, with inflows reaching a nine-week high

Bank of America strategist Michael Hartnett pointed out that investors poured into the Chinese stock market over the past week, with inflows reaching $5.6 billion, the highest level in nine weeks. The meeting mentioned strengthening counter-cyclical adjustments and moderately easing monetary policy. Hartnett believes that Chinese stocks have the potential to outperform the market and expects the first quarter of next year to be an investment opportunity for non-U.S. stocks. Despite the risks of a stronger dollar and rising U.S. Treasury yields, bonds, gold, and international stocks will still attract investors