Bank of America Hartnett: The market is expecting Trump to shift towards "lowering tariffs, lowering Intrerest Rate, and lowering taxes"

Golden Finance reports that global stock markets experienced an astonishing deep V rebound in April, with the S&P 500 rising for nine consecutive days after a big dump at the beginning of the month, marking the longest consecutive rise since November 2004. In this regard, Bank of America Chief Investment Officer Hartnett pointed out in a recent report that this trend indicates that investors expect Trump to shift to the "three lows" policy in his second hundred days, namely lowering tariffs, dropping interest rates, and reducing taxes. At the same time, concerns about a U.S. economic recession triggered by "soft" data are also easing. Hartnett noted that the 2-year U.S. Treasury yield has declined by 70 basis points since Trump, oil prices have fallen by 20%, and the dollar has depreciated by 9%, all contributing to looser financial conditions. Additionally, tech giants' capital expenditure in the AI field remains strong, expected to reach $320 billion by 2025, which collectively alleviates concerns about a recession.