[HSBC Strategist: Becoming Bullish on the Stock Market Again After Technology Stocks Slumped] On November 9th, HSBC strategists turned bullish on stocks again after just reducing their stock exposure in two weeks. They judged that this round of sharp correction in technology stocks has been sufficient, so they increased their positions in U.S. stocks and Asian stocks and reduced their holdings of government bonds. The team led by Max Keltner re-overweighted U.S. and Asian stocks and maintained underweight Europe, reversing some of its cautious stance from two weeks ago. The team said Anthropic's IPO and Nvidia's financial report will be a key test for AI and technology stocks that have suffered heavy losses recently. They downgraded U.S. Treasuries from "strong overweight" to neutral, citing improving U.S. economic and employment data and a more hawkish Fed policy stance. "The rally in U.S. short- and long-term Treasury bonds has gone too far."