Michael Hartnett, Chief Investment Strategist at Bank of America: US Treasuries Approaching $40 Trillion, Suggesting Long Gold and Short AI Bonds

Michael Hartnett, the chief investment strategist of Bank of America, pointed out that the size of US treasury bond was close to $40 trillion, and the interest expenditure in the past 12 months was $1.4 trillion. He suggested going long on gold and short on AI bonds, citing the need for large-scale bond issuance due to AI companies' capital expenditures exceeding $1 trillion. The market needs to pay attention to the policy movements of the Federal Reserve.