---

---

February 15, 2025 Global Investment Insights

U.S. Stock Market Surge and Nasdaq 100 Strength

• Last week, the U.S. stock market showed an upward trend, especially with the Nasdaq 100 surging by 2.9%.

  • Dow Jones: +0.5%
  • S&P 500: +1.5%
  • Nasdaq: +2.6%
  • Russell 2000: Flat

• Rise of AI-related large tech stocks is notable

  • As the AI cycle continues, major tech stocks and hardware/software-related stocks are gaining attention.
  • If the Nasdaq 100 breaks through its high and rises, a trend-following upward cycle is possible.

Economic Indicators and Interest Rate Outlook

• U.S. short-term and long-term interest rate spread reversal resolved, followed by recovery in loan growth rate.

  • Deposit growth rate also rises, potentially reaching 6% for M2 growth rate.
  • Loan growth rate also recovers to the 4% range.

• U.S. 10-year Treasury yield expected to remain below 4.5%.

  • Although there are inflation concerns due to tariff policies, stabilization is possible due to increased productivity.
  • Long-term potential for decline to 3.75%.

Stock Market Outlook and Investment Strategy

• S&P 500's three-month sideways movement is similar to past precedents before entering a bull market.

  • Similar to the internet industry growth period in the 1990s, we are in an AI hardware-to-software transition period.

• U.S. stock market target prices

  • S&P 500: 9,400 points expected by the end of 2027 ( +50% from current level)
  • Nasdaq 100: 42,000 points expected by the end of 2027 (+90% from current level)

• Increased investment attractiveness in the Japanese market

- Profit growth rate of 8~11% expected for 2025~2027.
- Nikkei 225: **44,500~50,000 points target expected** by the end of 2025.

• Investment Allocation Strategy
  • U.S. + Japanese Developed Markets: Maintain over 80% allocation
  • Maintain 80% in stocks and 20% in bonds.

Nasdaq 100 and AI-Related Investment Directions

• High potential for Nasdaq 100 increase → Pay attention to QQQ ETF

• Shift in investment flow from AI hardware → to software

  • Hardware: NVIDIA
  • Software: Palantir, AppLovin

• Expand investment in AI-utilizing industries

  • Autonomous driving, electric vehicles, renewable energy
  • Robotics, aerospace industry
  • Expect growth in biotech due to AI innovation (accelerating new drug development)

• Investment focus on IT sector

- Allocate **at least 65% or more of the global portfolio to the IT sector**
- Maintain balance between hardware and software (Slightly higher software allocation)

• Recommend QQQ investment if stock selection is difficult
  • If direct stock analysis is burdensome, invest in the Nasdaq 100 ETF (QQQ)

---

📌 < Summary >

• U.S. stock market maintains strength, especially with the Nasdaq 100-centered tech stock gains continuing.
• U.S. economic recovery with loan growth + interest rate stabilization → continued favorable environment for the stock market.
• Shift in investment focus from AI hardware to software (NVIDIA → Palantir, AppLovin)
• Maintain investment concentration strategy of 80% or more in the U.S. and Japanese stock markets
• Recommend investment in Nasdaq 100 (QQQ) and growth stocks
• Expect long-term growth in robotics, biotech, autonomous driving, and renewable energy sectors due to AI proliferation.

---

[More…]

1. U.S. AI Stock Investment Strategy 🔗 https://nextgeninsight.net/?s=AI
2. Nasdaq 100 ETF Investment Guide 🔗 https://nextgeninsight.net/?s=QQQ

*YouTube Source: [유동원의 성공투자]

– 단기 조정 마무리 구간?! 특히, 나스닥100 상승 시작?!