Kwon has a generally bullish outlook on the US stock market for 2025 and believes that, in addition to the bullish factors such as Trump's relaxation of regulations and the AI technology revolution, the revival of USA manufacturing could also provide a potential catalyst for an increase in US stocks. According to data from the Institute for Supply Management, USA manufacturing activity has been contracting for most of 2024 and 2023. However, Kwon expects a recovery in USA manufacturing in 2025, which could accelerate the growth of corporate earnings in US stocks and boost stock prices.
美银：预计美国制造业2025将重振 美股将因此受益
Bank of America: It is expected that USA manufacturing will revive in 2025, benefiting US stocks.
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