Morgan Asset Management: Expect the Federal Reserve to cut interest rates as soon as the end of July

Tai Hui, chief Asia-Pacific market strategist at JPMorgan Asset Management, said he recommended that the ratio of equity to debt should be reduced from 6:4 at the beginning of the year to 5:5, and even more conservative investors should adjust the ratio to 4:6. He suggested that lowering the proportion of US stocks and adding more European stocks would reduce the holdings of companies with high import correlation of consumer discretionary goods. He is optimistic about public stocks, services, finance, and companies in the medical industry that develop services and drugs. He is optimistic about the Chinese mainland, Hong Kong, Japan and Indonesia markets, and focuses on high-quality companies with strong cash flow and bargaining power. Xu Changtai expects that the United States has the opportunity to start cutting interest rates as soon as the end of July. In fact, interest rates may be cut in September, October and December. The current consensus in the market is to cut interest rates in June. He added that if the Federal Reserve cuts interest rates in June, the non-farm payrolls data in March and April may need to fall below 100,000.