Is the rising trend of US stocks incomplete? HSBC strategist: Corporate profit momentum is enough to offset geopolitical risks.

HSBC strategist Max Kettner recently stated that despite recent geopolitical turmoil, the bullish prospects for the stock market remain solid. This is because improvements in corporate profits and relatively low investor positions create room for further market increases. In an interview, he emphasized that although this round of market volatility caused by conflicts has taken longer than usual to dissipate, the focus has now returned to the ultimate driver of stock prices: corporate profits. The strategist stressed that since early March, corporate profits have grown by over 3%, with the technology industry accounting for about three-quarters of the growth. Considering that artificial intelligence and the technology industry currently make up nearly 50% of the S&P 500 index market value, Kettner believes that the outlook for these industries is far more important than international conflict news headlines.