Zhongjin: It is recommended to be cautious and neutral towards overseas stocks.

Jinshi data news on August 9, Zhongjin research report pointed out that the recent global market suffered from Liquidity impact, overseas stocks, copper, oil and other assets fell across the board, plus the expectation of inflation fell, gold may be “mistakenly killed”, instead providing an opportunity to increase the position. For risk assets, overseas stocks often fall in the early stages of recession, and the expectation of interest rate cuts is difficult to hedge the pressure of recession. In addition, with the current high valuation of the stock market and the obvious rise in market Volatility, we suggest being cautious and patient in the neutral position of overseas stocks, and wait patiently for the support of the Fed’s policy before increasing the layout.