LEI
Search documents
「AI泡沫」都是雜音！
LEI· 2025-11-05 02:19
Given the provided content "No content yet!", it's impossible to summarize any viewpoints or logic, or extract any data points for analysis and conversion Therefore, a meaningful summary cannot be generated
聖誕節行情
LEI· 2025-11-04 02:00
Given the provided content "No content yet!", there is no information to summarize or analyze. Therefore, a meaningful summary based on industry-specific concerns and data points is impossible. Output: Data Absence - No data available for analysis [1] Conclusion - Unable to provide insights due to lack of content [1]
關於未來，沒有人比你知道更多。
LEI· 2025-11-02 01:00
Given the provided content "No content yet!", it's impossible to summarize any viewpoints or logic, or extract any data points for analysis and conversion Therefore, a meaningful summary cannot be generated
美聯儲降息，為何債券殖利率不降反升？
LEI· 2025-10-30 01:00
Market Trends & Fed Policy - The Federal Reserve (Fed) cut interest rates by 25 basis points and decided to end quantitative tightening starting December 1st [1] - Historically, the stock market has performed well in the 12 months following similar rate cuts during periods of index highs, with an average gain of nearly 20% [1] - Despite the Fed rate cut, bond yields rose, indicating that bond prices fell, reflecting an inverse relationship with Fed rates [1] Bond Market Dynamics - Bond price fluctuations are primarily driven by four factors: inflation expectations, growth expectations, bond supply and demand, and distrust in the Federal Reserve [1] - Inflation expectations erode the real return on bonds, making them less attractive, especially long-term bonds [1] - Expectations of economic growth lead investors to prefer stocks over bonds with lower yields [1] - Increased bond issuance by the US government can lead to oversupply, causing bond prices to fall and yields to rise to attract buyers [1] - Some investors believe the Fed is "behind the curve," suggesting that the rate cut is too late and inflation may rebound, potentially leading to future rate hikes [1] Investment Strategy - The industry advises against speculating on bonds, particularly long-term bonds (e g, TLT), due to potential misunderstandings about bond market dynamics [1] - The yield on a 5-year bond can be seen as the market's average interest rate expectation for the next five years [1]
