【Opinion: US Stocks Will Once Again Outperform US Debt This Year, And There Are Few Factors That Can Stop Them】The Market's Concerns About The Rotation Of The US Stock Market To The Bond Market Have Not Fully Materialized. Judging From The Trends In Various Asset Classes, This Year Seems To Be Another Year Where The Return On Stocks Is Much Higher Than That Of Fixed Income Products. Although The Rise In US Treasury Yields To 4.50% Attracted Some Dips Buyers, The Bloomberg US Treasury Index Returned Slightly Less Than 1% This Year, Moving Towards The Weakest Positive Earnings Year On Record. Meanwhile, The S&P 500 Is Expected To Achieve Double-digit Returns For The Second Year In A Row. This Widened The Gap Between The Two Metrics And Made The Correlation Negative For The Longest Period Since Mid-2023. Of Course, As Cameron Criss Points Out, The S&P 500's Success This Year Is Largely Due To One Company — Nvidia. If The Chip-making Giant's Announcement Of Results After Closing Today Falls Short Of Expectations, Then The Trend Of The S&P 500 Index Can Easily Turn Abruptly. In This Situation, Investors May Have More Reason To Give Up Expensive Stocks And Buy Cheaper Bonds Instead. However, The Overall Momentum Is Still Favorable To US Stocks. Even If Nvidia's Performance Is Not As Good As Expected, It Is Unlikely To Change The Stock Market's Advantage Over The Bond Market For Most Of This Year