CITIC Construction Investment | Is there a second bottom? Outlook on overseas major asset classes: April

CITIC Construction Investment Securities Research pointed out that although the US-Iran conflict led to a general adjustment of major asset classes in March, a rebound may occur in the short term as the conflict enters a negotiation phase. However, the market should not be overly optimistic, as it is difficult to replicate last year's post-tariff upward trend, and there are still risks of decline. It is recommended to pay attention to opportunities in the US technology sector, as current valuations are compressed, and if earnings reports exceed expectations, it may bring strong catalysts. Overall, the market still faces multiple fundamental challenges, and future trends need to be observed cautiously