According to online reports, Bank of America strategists expect that its lead will continue to fade after the U.S. stock market stops rising in early 2025. Strategists including Michael Hartnett pointed out that stock markets such as Brazil, Germany, the UK, China and Canada have all outperformed the S & P 500 so far this year because the so-called seven major technology companies have failed to provide the boost they have long provided. They suggest long China stocks because they do not expect the trade and technology wars to escalate. On the bond front, Bank of America expects U.S. Treasury yields to fall below 4%, as President Trump wants to address government spending issues and stop the debt spiral, while also wanting Congress to approve his tax cuts.