Changes in US stocks | The decline in AI momentum caused the trend to change, and the Dow rose about 0.5%, and most of the constituent stocks rose

The Zhitong Finance App learned that on Thursday, the Dow rose about 0.5%, and the constituent stocks Coca Cola (KO.US) and Visa (V.US) rose more than 2%, all to record highs; Walmart (WMT.US) and Nike (NKE.US) rose more than 4%, Home Depot (HD.US) rose more than 3%, and McDonald's (MCD.US), Johnson & Johnson (JNJ.US), and United Health (UNH.US) rose more than 2%.

The analysis points out that after AI and kinetic energy trading dominated for a few years, the “quality factor” investment strategy returned strongly. Driven by the repricing of interest rate expectations and a slowdown in profit growth, capital is shifting from chasing growth to focusing on profit quality and a stable balance sheet. The strategy of increasing quality and shorting kinetic energy has surged 55% during the year. The quality factor is negatively correlated with AI. Under highly congested kinetic energy positions, Buffett's concept of adhering to high quality assets was once again recognized by Wall Street.