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2025-09-12 18:15:36
[It is advisable to take profits on the US stock market now, and it is recommended to reduce holdings in three sectors] ⑴ Lisa Shalett, investment director of Morgan Stanley Wealth Management, said on Friday that it is a good time to take profits on the US stock market. The bank explicitly recommends reducing holdings in three sectors: small and medium-sized stocks, non-profit technology companies and popular Internet celebrity stocks. ⑵ She pointed out that although small-cap stocks have had strong momentum recently, they should follow the example of hedge funds in exiting - small-cap stocks' earnings and public market performance are inferior to private equity, and they are unable to invest in generative AI competition like large companies. The market environment will be even more unfavorable for them next year. In addition, although the Fed's expectation of a September interest rate cut has pushed up stock prices, Shalett believes that the rate cut will be difficult to reach more than 100 basis points, which is not enough to support small-cap stocks.
