Manulife and John Hancock's investment strategy is to participate in the current market momentum with quality holdings rather than attempting to call a top.

The U.S. stock market's total valuation is currently more than twice the size of the U.S. economy, an unprecedented level.

Upcoming large IPOs from companies like SpaceX, Anthropic, and OpenAI will require a massive amount of market liquidity, creating a potential conflict as central banks globally consider monetary tightening.