#美国经济状况 After seeing HSBC's latest views, I feel optimistic about the future performance of US stocks! Although the S&P 500 is less than 5% below its all-time high, market sentiment and positioning have already taken a significant hit, which actually presents us with an opportunity. The VIX futures curve is showing a spot premium, indicating higher short-term uncertainty, but such situations are often great times to buy the dip. I think it’s worth paying attention to sectors outside of tech stocks, as expectations are lower and they’re more likely to outperform. The Fed may cut rates in December, which should help ease tensions. Overall, now seems like a good time to increase allocations to risk assets, but everyone should act according to their own situation.