U.S. stocks have been rather volatile in the past month, but in the past week they had a strong run on hopes of rate cuts. The Dow Jones Industrial Average had its fourth consecutive winning session on Monday, and the S & P 500 also climbed for the past four days. Tech stocks, which would be boosted by rate cuts, have been a big part of that rally — with Meta , Alphabet and Amazon in particular having a strong showing over the past couple of weeks.
Elsewhere, analysts are getting more optimistic on China stocks, especially those in the tech sector. China has rebounded from a lengthy slump and Bernstein believes the rebound has further to go — largely through its growth stocks. "We are positive on chasing momentum stocks across the region including within the tech sector," it said in a May 3 note.