Jefferies: The "highlights" of the US stock market are over, and it may continue to decline in the future
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Jefferies Global Equity Strategist Christopher Wood stated that the U.S. stock market has passed its "golden period," and investors should prepare for further declines in U.S. stocks, U.S. bonds, and the dollar. He believes that the market capitalization of U.S. stocks has peaked and recommends increasing allocations to assets in China, India, and Europe. Wood pointed out that U.S. stock valuations are at extreme levels and do not align with the share of global wealth, emphasizing that global investors should pay attention to the Indian market
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