Asset management companies: U.S. stock market valuations are too high, maintain a cautious attitude

According to Jinshi News, analysts at the French asset management company Edmond de Rothschild Asset Management stated in a report that the valuation of the U.S. stock market is too high and should be approached with caution. The analysts pointed out that the recent upward trend in the stock market relies on the Federal Reserve's interest rate decision to cut rates this week, but internal voting disagreements and differing opinions among committee members may weaken the market's expectations for three rate cuts in 2026. Currently, the U.S. money market expects an 86% probability of a 25 basis point rate cut this week.