Investing in financial markets requires careful consideration of various factors, including market conditions, economic indicators, and your own risk tolerance and investment goals. Here’s a breakdown of the current situation and some considerations for each market:

1) European Stocks (CAC 40, FTSE 100)

The French CAC 40 is up 11.5%, and the UK FTSE 100 has gained nearly 9%. This strong performance suggests optimism in European markets, possibly driven by economic recovery, corporate earnings, or supportive monetary policies.

Considerations:

- Valuation: European stocks may still have room to grow if economic conditions remain favorable.

- Risks: Geopolitical risks and potential overvaluation could pose challenges.

- Strategy: I believe in the continued recovery of the European economy, and will consider investing, but be cautious of chasing highs without proper analysis.

2. Hong Kong Stocks (HSI)

The Hang Seng Index (HSI) has also shown strength, likely driven by improving sentiment toward Chinese markets and easing regulatory concerns.

Considerations:

- China Exposure: Hong Kong stocks are heavily influenced by mainland China’s economic policies and growth. Recent stimulus measures in China could support further gains.

- Volatility: Hong Kong markets can be volatile, so ensure you’re comfortable with potential swings.

- Strategy: I am bullish on China’s economic recovery, Hong Kong stocks could be a good opportunity, but monitor regulatory and geopolitical developments.

3. US Stocks (S&P 500, NASDAQ)

The S&P 500 is down 2%, and the NASDAQ has entered correction territory, reflecting concerns about higher interest rates, inflation, and tech sector valuations.

Considerations:

- Valuation: US stocks, especially tech-heavy NASDAQ, may be more attractively priced after recent declines.

- Fed Policy: The Federal Reserve’s stance on interest rates will significantly impact US markets. A pause or pivot in rate hikes could boost stocks.

- Strategy: I am neutral and would stay on the sides for now due to current certainty and volatility on US market due to US traffics / policy impacts. As a long-term investor, buying quality US stocks during a correction could be a good strategy, but be prepared for potential short-term volatility.

Which Market Am I Bullish On?

- Short-Term: European and Hong Kong stocks appear to have momentum, but chasing highs can be risky. If you’re looking for short-term gains, these markets might offer opportunities, but ensure you have a clear exit strategy.

- Long-Term: US stocks, particularly in the tech sector, could be attractive for long-term investors after recent declines. The US market remains a global leader in innovation and growth.

Final Thoughts:

- Diversification: Consider diversifying across regions to mitigate risks.

- Risk Management: Avoid overexposure to any single market or sector.

- Research: Conduct thorough research or consult a financial advisor before making decisions.

Ultimately, the best market to invest in depends on your investment horizon, risk tolerance, and confidence in the underlying economic and corporate fundamentals.