Bank of America is optimistic about the long-term performance of Chinese and European stocks, while U.S. tech giants fade

Bank of America strategist Michael Hartnett stated that he expects the Chinese and European stock markets to perform well in the long term. Data shows that European stock markets attracted $4.1 billion in capital inflows, the largest inflow since February 2022. Technology stocks have underperformed, with the Nasdaq index down more than 10% from last year's peak. The seven largest technology companies in the U.S. are referred to as the "Lagnificent 7," and are expected to underperform the market