JPMorgan's Analyst Tai Hui stated in a research report that by 2025, the continuous growth of the USA's economy and further interest rate cuts by the Federal Reserve should still support risk assets such as Stocks and corporate Crediting. The Chief Market Strategist for the Asia-Pacific region mentioned that the Federal Reserve hinted at a more cautious approach to interest rate cuts next year, leading to rising USA Treasury yields, a sell-off in the stock market, and a stronger dollar. However, he added that the range of outcomes from the incoming Trump administration is increasingly broad, presenting both upside and downside risks to the economy and corporate profits, which may require investors to adopt a more diversified asset allocation strategy.