美股释放信号：硬资产拐点已至！大宗商品“超级周期”正在重现？

Group 1 - The financial market is entering a long-term prosperity phase linked to hard assets and commodities, which serve as a hedge against inflation and market volatility [1] - The S&P 500 materials and energy sectors have increased by 6.4% and 4.3% respectively since the beginning of the year, while gold and silver have risen by nearly 3.7% and 12.4% in January [1] - Brent crude oil has also seen a 4.1% increase this month, driven by uncertainties surrounding U.S. involvement in Venezuela [1] Group 2 - A significant driver of this transition is the massive capital expenditure for building data centers and AI infrastructure globally [2] - The demand for industrial metals and natural gas is attributed to the construction boom related to AI and data centers, while gold benefits from the "dollar devaluation trade" [2] Group 3 - Historically, hard assets tend to outperform stocks during periods of accelerating inflation, with upcoming economic data expected to prompt a reassessment of inflation and U.S. economic strength [3] - Geopolitical tensions, particularly regarding Venezuela, have led to rebounds in oil, gold, and silver prices [3] Group 4 - Precious metals are supported by persistent inflation concerns, strong economic growth, and expectations of further interest rate cuts by the Federal Reserve [4] - Copper prices have recently surpassed $6 per pound, nearing historical highs, driven by supply disruptions and strong demand from data centers [4] Group 5 - The current environment is reminiscent of the early 2000s "supercycle" in commodities, influenced by geopolitical risks and strong global monetary supply growth [4] - Financial assets, particularly U.S. stocks, are seen as attractively priced relative to hard assets, with expectations of sustained industrial demand [5]