Bank of America: The advantages of the U.S. stock market are beginning to weaken, recommending to go long on the Chinese stock market

Bank of America’s well-known strategist Hartnett expects that the U.S. stock market will gradually weaken by early 2025. Year-to-date, the stock market returns in countries such as Brazil, Germany, the UK, and China have exceeded the S&P 500 index, and the "seven giants" technology companies are unlikely to support a long-term rise in U.S. stocks. At the same time, expectations for geopolitical stability have improved, with other markets preemptively reflecting the peak of U.S. stock advantages. Moreover, U.S. Treasury yields may fall below 4%. The strategist advises investors to go long on the Chinese stock market. Data shows that the China concept ETF KraneShares has seen net inflows for three consecutive days, with the single-day inflow reaching the highest level since October 3