Building on the strong performance of the stock market last year, major global investment institutions are generally optimistic about this year's market outlook. It is forecasted that the global stock market return over the next 12 months could reach 11% (including dividends, in USD).

Although current valuations are already at historic highs, these predictions are still based on a core support—global corporate earnings will continue to grow, and the economic expansion momentum will remain strong. The Federal Reserve also expects to maintain a moderately accommodative policy, providing a favorable liquidity environment for the stock market.

Last year, investors benefited significantly from cross-regional allocations, and this diversified strategy may continue to be effective this year. Rotational allocations between different investment styles and sectors are also expected to further boost overall returns.

Market analysts point out that in the current macro environment, as long as there is no recession, the probability of a significant correction or bear market remains relatively low, even with high valuations. Economies across various regions worldwide are expected to maintain growth momentum, laying a foundation for the continued rise of the stock market. However, it is worth noting that this year's gains are expected to be more moderate than last year's, given that last year's increase was already quite substantial.