<p>HSBC analysts Max Kettner and others stated that a &#34;just right&#34; economic environment may emerge in the first half of 2025. The market's expectations for the Federal Reserve to cut interest rates are overly conservative, anticipating only one rate cut in the first half, which may need to be repriced. HSBC believes that short-term market volatility will create attractive buying opportunities for U.S. Treasuries and risk assets. There are potential opportunities in oversold &#34;bond proxy&#34; assets, U.S. bank stocks, technology stocks, and emerging markets</p>

<p>HSBC analysts Max Kettner and others pointed out that an ideal economic environment may emerge in the first half of 2025, and the market's expectations for the Federal Reserve to cut interest rates are overly conservative, anticipating only one rate cut, which needs to be reassessed. Short-term market volatility will provide attractive buying opportunities for U.S. Treasuries and risk assets, especially for oversold bond proxy assets, U.S. bank stocks, technology stocks, and emerging markets</p>

Institution: Short-term market fluctuations will create buying opportunities for U.S. Treasuries and risk assets