Allianz Investment: The U.S. economy is expected to achieve a soft landing, and U.S. stocks remain attractive

Allianz Investment pointed out in its 2025 market outlook report that with the determination of the U.S. election results, the U.S. and global economies are expected to achieve a soft landing, and the outlook for risk assets is optimistic. Although U.S. stock valuations are relatively high, they remain attractive. Investors should consider adjusting their asset allocation, increasing risk tolerance, and focusing on illiquid assets such as private bonds and infrastructure. At the same time, they need to be wary of the risks of inflation recovery and prepare to respond to potential market misalignments