In the current market environment, I also think this is a good article. Among them, I lean more towards Morgan Stanley: valuations are near historical lows, maintaining a "dumbbell" strategy. In addition to the dumbbell strategy, one can also pay attention to crude oil (Brent) to hedge against geopolitical risks and carry out allocation operations.

By the way, let me complain about Citigroup. Citigroup should have many strategists. In the previous articles on the "Citigroup Economic Surprise Index," they were still talking about cautious risks, but now they say the bottom has arrived. However, the content is worth reading.