Alaska Airlines Group shares rose 3.35% after at least three brokers raised their P/E ratios.Broadcom's share price rose 4.3% before the market closed.Vanguard went against tradition and suggested the strategy of "six shares of debt and four shares" to deal with policy risks. In view of the high interest rate and stock valuation, Vanguard Group suggested that investors establish defensive positions in the new year and increase their investment in bonds instead of stocks. The company's 2025 outlook lists the asset allocation model built by economists and portfolio teams, which allocates 62% of the funds to fixed-income securities and the remaining 38% to stocks. In contrast, the ratio of stocks to bonds in the traditional portfolio is 60% to 40%. Although the US economy is still strong, the stock market valuation is close to historical highs, which makes stocks more vulnerable to potential policy risks after Trump takes office. At the same time, interest rates may remain higher than those in the 2010 s, thus providing investors with stable income and more protection in the case of risk aversion.
Russian President Vladimir Putin: Russia must become the leader of artificial intelligence technology in the world.The Nasdaq 100 index rose to 1.2%, and the S&P 500 index rose 0.6%.The Canadian dollar expanded its gains to an intraday high.
Traders have increased their bets on the ECB's interest rate cut, and it is now expected that the ECB will cut interest rates by 158 basis points in 2025.The Dow Jones Internet Composite Index reported 1159.70, up 0.85%.Bank of Canada Governor Mackler M: Future decisions will be guided by future data and inflation prospects.