各位投资者大家好我是国际社会的分析师张驰那今天早上和各位投资者来一起分享一下我们这个最新的一些观点那今天的这个内容呢和往常差不多啊三个部分组成那第一个部分的话就是对于这个当前的一个这个市场的一个判断目前是处于一个什么位置然后这个当前的这个位置呢第二个部分呢我们想讲一下这个 未来的这个市场底到底在什么地方什么时候开始去找底那第三个部分呢我们想讲一下这个当前的一个应对策略哪些行业目前还有景气哪些行业这个在防御情况下是值得去做一个配置的那首先对于第一部分那就是对于这个市场的一些基本面包括人工性我们做一个简单的一个处理 那大家也知道这个我们是在3月份我们在3月20号左右提出这个紫银的这个照装行情结束我们认为可以紫银了然后整个风格开始切换成防御那我们也看到4月份整个市场是调整的去验证了但是5月初的时候市场开始说要反弹了然后有质疑的声音说是不是这个市场跌不下去了然后要开始上涨了甚至有人开始喊流市 那我想说一句就是为什么五月初会出现明显反弹我觉得这是一个政策反差导致的市场的情绪的一个这个反弹的一个因素因为大家也知道今年的一季度整个市场跌到2600点最核心是什么呢我们当时也是在这个金门财经开了一个电话会议我们讲当时的一个政策 ...

Ac更ces多sib资le v料ers加ion入 知识星球：水木调研纪要 关注公众号：水木纪要 High Frequency Monitor Earnings save the day Equity markets fell last week despite Semis rally 2 7 May 2024 Global equities moderated -0.4% last week after rallying 7.0% in the preceding four Quant Strategy weeks. The US (0.0%) was flat while China retreated -4.7% after rallying 29% in four Global m r ee xo p pn o et r ch t tes ad. t i osT t nh r se o n og g fl o aeb ...

Ac更ces多sib资le v料ers加ion入 知识星球：水木调研纪要 关注公众号：水木纪要 North American Precious Metals Weekly Global MM&S Conference: Intriguing precious metal slides. Spotlight on India. Price Objective Change Intriguing slides related to themes from our Conference 2 7 May 2024 Corrected On May 14-15, we held our 41st annual Global Metals, Mining & Steel (MM&S) Equity Conference, in Miami, FL. The conference hosted nearly 300 fund managers and 85 Americas Gold & Precious Metals issuers, most represented by their CEOs. We select t ...

更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 FICC Research Economics 30 May 2024 ECB Preview Every journey begins with a single CORE step We expect the ECB to start its easing cycle by cutting rates by European Economics 25bp. The updated inflation forecasts should validate the Mariano Cena decision by showing inflation sustainably at target by mid 2025. +44 (0) 20 7773 0727 mariano.cena@barclays.com The rates guidance should remain unchanged as it provides, for Barclays, UK now, enough flexibility to accommodate diverse e ...

更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 FICC Research Macro Research 29 May 2024 Japan Flow Update FY23 life insurer results CORE Lifers reduced risk in H2 FY23 by reducing JGBs/foreign bonds and shortening duration and also lowered their FX hedge ratios. While demand linked to new regulations has likely taken a Shinichiro Kadota +81 3 4530 1374 breather, superlong bonds are relatively attractive and may shinichiro.kadota2@barclays.com invite dip-buying. Appetite for FX-hedged/unhedged foreign BSJL, Japan bonds should ...

更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 Viewpoint | 31 May 2024 17:04:27 ET │ 26 pages US Economics Weekly The cycle is turning CITI'S TAKE  Andrew Hollenhorst AC The US economy is clearly slowing down – and in our base case it is headed +1-212-816-0325 for an outright contraction. Consumer spending declined 0.1%MoM in April andrew.hollenhorst@citi.com after Q1 data were revised down to show a more dramatic decline in real goods spending. Core PCE inflation slowed to 0.249%MoM, still elevated, Veronica Clark AC but e ...

更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 Point | The Global Point Thursday, 30 May 2024 Asia | CEEMEA | Latin America | North America Asia Australia Real Estate - Retail space optimism: declining vacancies, rental gains, and demand-supply balance Over the last 12 months, retail real estate has surprised to the upside with resilient occupancies, improving leasing spread momentum and overall net operating income growth. Higher inflation has supported nominal rental growth for CPI linked leases, whilst lower supply of new ...

Downloaded from Capital IQ by Zoe Shi (zshi@generalatlantic.com) at General Atlantic Service Company, L.P. on Friday May 31 2024 09:16:30 AM, Sessionid:uz33kb2ioepo1sx3rps1zyy3 Ac更ces多sib资le v料ers加ion入知识星球：水木调研纪要 关注公众号：水木纪要 The Flow Show Pain = Gain Scores on the Doors: crypto 51.4%, gold 13.1%, commod 9.1%, stocks 8.9%, oil 8.7%, 3 1 May 2024 US dollar 3.4%, cash 2.2%, HY bonds 1.8%, IG bonds -1.7%, govt bonds -5.6% YTD. Investment Strategy Global Tale of the Tape: political polarization, protectionism, wa ...

3% 3% 2% Source: AlphaWise, Morgan Stanley Research. Underway 30% Planning 33% Done 27% No Plans 10% Status of Cloud Optimization Initiatives: Total Respondents Exhibit 5: Over Half Have Started Initiatives, But Only ~27% Complete Source: AlphaWise, Morgan Stanley Research. While optimization efforts have progressed, it is still very much a headwind to cloud growth as biggest incremental Y/Y came from those who hadn't been planning optimizations but later optimized; headwinds likely don't fully abate until ...

更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 30 May 2024 | 4:41PM EDT Dell Technologies Inc. (DELL): F1Q25 First Take: DELL AI server orders of $2.6 bn; EPS in-line DELL’s F1Q25 EPS of $1.27 met consensus, but missed our estimate of $1.30. Michael Ng, CFA +1(212)902-8618 | michael.ng@gs.com Revenue of $22.2 bn beat GS/consensus of $21.8/$21.7 bn with a beat on CSG Goldman Sachs & Co. LLC ($12.0 bn v. GS/consensus of $11.6/$11.7 bn) and ISG largely in-line ($9.2 bn v. Katherine Campagna +1(212)902-1151 | GS/consensus of $9. ...