Group 1 - Global stock markets are performing well, driven by strong liquidity, with the exception of Hong Kong's Hang Seng Index [1] - The U.S. non-farm payroll data for December 2025 showed an increase of 50,000 jobs, below the market expectation of 70,000, indicating a trend of "jobless growth" [2][3] - The consumer confidence index from the University of Michigan indicates deteriorating consumer expectations, primarily due to rising living costs [2] Group 2 - The U.S. economy is experiencing a K-shaped recovery, where strong sectors continue to thrive while weaker sectors lag behind, influenced by political factors and upcoming elections [4] - The Federal Reserve's monetary policy is expected to become more aggressive, potentially abandoning the 2% inflation target, which could lead to a return to quantitative easing [5] - The stock market may continue to rise in 2026 due to excess liquidity, but concerns are growing regarding the sustainability of AI investments and potential market corrections [5]
陶冬：特朗普绑架马杜罗与泄密非农数据，市场为何无动于衷
Di Yi Cai Jing·2026-01-12 04:38