CICC Wealth Futures: Bullish stock index positions can continue to be held, but profit-taking thresholds should be raised.

U.S. stocks hit new highs, and major global stock markets are moving in a similar rhythm. The A-shares also reached a new rebound high with a strong trend. From a trend perspective, we believe the current market’s bullish characteristics are unlikely to change in the short term until the risk appetite in the equity market represented by U.S. stocks weakens. In the short term, maintain a bullish strategy, but it is essential to focus on the market’s core driver, which is the performance of U.S. stocks. We suggest long positions can continue to be held, but profit-taking thresholds should be raised. (CICC Wealth Futures)