Asset management company: US stock market valuations are too high; maintain a cautious stance.

According to a report by Jinshi Finance, analysts at French asset management firm Edmond de Rothschild Asset Management stated in a report that US stock market valuations are too high and warrant caution. The analysts pointed out that the recent stock market rally depends on the Federal Reserve cutting interest rates in this week's decision, but internal voting disagreements within the committee and differing opinions among members may weaken market expectations for three rate cuts in 2026. Currently, the US money market estimates an 86% probability of a 25 basis point rate cut this week.