On January 7, Glonghui reported that Michael Wilson, Investment Director at Morgan Stanley, indicated that U.S. stocks may face severe challenges in the next six months due to rising bond yields and a strengthening dollar raising concerns about inflation. In November last year, Morgan Stanley set a 12-month Target Price of 6500 points for the S&P 500 Index. He noted that the correlation between the S&P 500 Index and bond yields has become significantly negative, as the 10-year Treasury yield climbed above 4.5%. Moreover, the dollar is currently near a level that could put pressure on companies with substantial international Business, which might more broadly affect stock performance in the first half of this year. He believes that there may be noticeable differences in stock market performance between the first and second halves of the year, with potential favorable market policies such as tax cuts possibly supporting stock market performance in the second half.