Group 1 - Short-term investors are gradually returning to the US stock market, adding momentum for further gains [1] - The BNP Paribas indicator measuring investor stock holdings is steadily rising, currently slightly above neutral levels [1] - Institutional investors have light positions during strong market rallies, indicating potential for further stock market increases [1] Group 2 - Caution remains among investors as they prepare for potential challenges to recent market gains, including tariff developments and upcoming earnings season [3] - Investors are primarily betting on large tech stocks, with few stocks reaching new highs alongside the S&P 500, reflecting cautious sentiment [4] - Concerns about "economic growth panic" are increasing, which could undermine market gains [4] Group 3 - Optimistic factors are present, with the sensitivity of the S&P 500 to macroeconomic shocks at its lowest level since March [5] - Analysts believe that President Trump's actions will not pose significant risks to the market [6] - JPMorgan's trading division remains tactically bullish on the US stock market, viewing recent volatility as a buying opportunity [7]
踏空机构被迫追涨！200亿美元“弹药”在路上，为美股涨势添把火
Zhi Tong Cai Jing·2025-07-09 11:42