Daiwa Research: Global Macro Analysis - US stocks should account for 56%-65% of global portfolio, US dollar expected to continue weakening.

Morgan Stanley recently released a global macro strategy research report, analyzing US asset investments, currency trends, various investment strategies, and macroeconomic outlooks. From indicators such as the US's share of global GDP, market capitalization, and corporate profit share, the reasonable allocation weight of US stocks in global portfolios is about 56-65%. In the currency market, the US dollar is expected to continue to weaken. Due to factors such as yield differentials, changes in hedging ratios for foreign investors in US assets, and US policy uncertainty, the US dollar faces downward pressure.