Caitong Securities: Short-term asset prices may face a comprehensive increase

The institution stated that as the Federal Reserve interest rate meeting approaches, the probability of a rate cut has increased significantly. In the short term, asset prices are expected to rise across the board, with the growth sector and gold expected to have greater resilience. The key going forward is to monitor the macroeconomic path in the United States. If the economy achieves a soft landing, the US dollar and US stocks will strengthen, while gold weakens and commodities strengthen. It is recommended to allocate to copper, aluminum, oil, household appliances, and construction machinery. If the economy experiences a hard landing, it is advisable to buy various types of bond assets in a defensive state and allocate to gold, US bonds, government bonds, and undervalued high dividend stocks