Institution: The US market is still expected to grow, and mergers and acquisitions will surge simultaneously with IPOs

Cesar Ruiz, Chief Investment Officer of Pictet Group in Switzerland, believes that there will be both traps and opportunities in 2025. Many economists are concerned that the tariff policies promoted by the Trump administration will cause inflation, but Ruiz is confident in market growth. He believes that in the first half of the year, the uniqueness of the United States will remain strong, and the growth of the U.S. stock market will be sufficient to allow investors to achieve steady returns. Ruiz compares the new Treasury Secretary, Yellen, to Ben Bernanke, the former chairman of the Federal Reserve during the global financial crisis. Bernanke "was the best person for the job at the right time. Yellen is also the same." Ruiz expects that there will be large-scale consolidation among mid-sized financial companies in the United States, making it a good time to buy stocks of potential acquisition targets. With Trump cutting regulations, mergers and acquisitions will increase significantly alongside IPOs, providing good opportunities for investment banks or trading targets. (Jinshi)