HSBC strategists led by Max Kettner have turned bullish on equities again, two weeks after cutting exposure, raising allocations to U.S. and Asian stocks while keeping Europe underweight. According to Sina Finance, the team considers the latest sharp tech-stock correction sufficient and says Anthropic’s IPO and Nvidia’s earnings will be key tests for recently battered AI and technology shares. The strategists cut U.S. Treasuries from strong overweight to neutral, citing stronger U.S. economic and employment data and a more hawkish Federal Reserve stance. They said the rally in short- and long-term U.S. Treasuries had gone too far.