Jiaxin Wealth Management: The S&P 500 index is already at a high level, so it is advisable to invest in some A-share and Hong Kong stock ETF products.

According to the Zhītōng Finance APP, on July 12th, Guo Mingshen, a financial advisor at Jiaxin Wealth Management Hong Kong, estimated that the Federal Reserve would raise interest rates by 25 basis points in July and may raise them again in September. The chances of a rate cut by the Federal Reserve this year are slim, and the earliest opportunity for a rate cut may not come until the middle of next year. As for the U.S. stock market, the S&P 500 index is already at a high level, so it is recommended that investors diversify into other international markets, such as the Japanese stock market and the Indian stock market. Guo Mingshen stated that although the Japanese stock market has accumulated some gains, there are no signs of profit-taking. As for the A-share and Hong Kong stock markets, although their valuations are currently low, it is also necessary to choose the right sectors, such as investing in some ETF products.

The Federal Reserve kept interest rates unchanged at its June meeting, but also hinted that it may further raise rates later this year. The yield curve is likely to remain inverted until there are signals that the Federal Reserve will shift to a looser monetary policy.

Due to the lagged response of the economy to changes in Federal Reserve policy, Lin Changjie, a financial advisor at Jiaxin Wealth Management Hong Kong, stated that as of early June, almost all asset classes in fixed income markets had positive returns, including short-term U.S. Treasury bonds and high-yield corporate bonds. The bank's overall outlook for the second half of the year is roughly the same. However, due to the impact of the "paper box recession," which mainly affected the manufacturing and shipping industries over the past year, whose products or services typically require the use of paper boxes, investor returns may be slightly lower.