Bank of East Asia: Expects better performance of US stocks in Q1 2025, with the S&P 500 reaching a high of 6,335 points

East Asia Bank's Chief Investment Strategist Li Zhenhao expects that the performance of U.S. stocks in the first quarter of 2025 will outperform other regions, with the S&P 500 index fluctuating between 6178 and 6335 points. The healthcare, consumer discretionary, technology, materials, and industrial sectors are expected to perform well. The risk forecast bottom is around 5420 points, suggesting a potential downside of nearly 10%. The expectation of global multipolarization will trigger international friction, and Trump-style "America First" policies may affect trade relations. Corporate bonds and emerging dollar bond markets are expected to be supported, with the 10-year yield range between 4.25 and 4.36%