Xu Changtai, Asia Pacific's chief market strategist at Morgan Asset Management, said that it is recommended to reduce the equity allocation ratio from 6:4 at the beginning of the year to 5:5, and even suggest that more conservative investors adjust the ratio to 4:6. He suggested reducing the holding ratio of US stocks and adding more European stocks, which would reduce their holdings of non-essential consumer goods and companies that are highly import-related, and that are optimistic about public stocks, services, finance, and companies that develop drugs in the medical industry. He is optimistic about the mainland China, Hong Kong, Japan and Indonesia markets, and focuses on high-quality enterprises with strong cash flow and bargaining power. Xu Changtai expects that the US will have an opportunity to cut interest rates as soon as the end of July. It may actually cut interest rates in September, October, and December. Interest rates will be cut 3 times during the year, for a total of 75 basis points. The market's current consensus is to cut interest rates in June. He added that for the Federal Reserve to cut interest rates in June, the non-farm payrolls data for March and April may need to fall below 100,000 before it happens.

Xu Changtai, Asia Pacific's chief market strategist at Morgan Asset Management, said that it is recommended to reduce the equity allocation ratio from 6:4 at the beginning of the year to 5:5, and even suggest that more conservative investors adjust the ratio to 4:6. He suggested reducing the holding ratio of US stocks and adding more European stocks, which would reduce their holdings of non-essential consumer goods and companies that are highly import-related, and that are optimistic about public stocks, services, finance, and companies that develop drugs in the medical industry. He is optimistic about the mainland China, Hong Kong, Japan and Indonesia markets, and focuses on high-quality enterprises with strong cash flow and bargaining power. Xu Changtai expects that the US will have an opportunity to cut interest rates as soon as the end of July. It may actually cut interest rates in September, October, and December. Interest rates will be cut 3 times during the year, for a total of 75 basis points. The market's current consensus is to cut interest rates in June. He added that for the Federal Reserve to cut interest rates in June, the non-farm payrolls data for March and April may need to fall below 100,000 before it happens.