美股策略周报：市场普涨标普500新高，情绪远未到疯狂阶段

Group 1: Market Overview - The S&P 500 index reached a new all-time high, with a weekly increase of 1.7%, indicating a broad market rally where 325 stocks rose, accounting for 65% of the index constituents [2][9][11] - The overall market sentiment improved, closing at 49 points, which is in the 'neutral' range, showing signs of recovery without reaching 'extreme greed' levels [5][11] - The global equity market saw a weekly increase of 2.1%, with developed markets outperforming emerging markets [9][10] Group 2: Employment and Economic Indicators - As of January 18, the initial jobless claims in the U.S. were reported at 223,000, slightly above the expected 219,000, but the four-week moving average remains at a relatively low level, indicating resilience in the labor market [4][11] - The resilience in the labor market supports the Federal Reserve's stance to maintain current interest rates [4] Group 3: Sector Performance - Among the 36 sectors in the U.S. stock market, 31 sectors experienced gains, with 17 sectors outperforming the S&P 500 index [11] - The strongest performing sectors included Consumer Discretionary, Hardware, Software Services, Semiconductors, and Medical Devices [11] - The semiconductor sector saw significant capital inflow, estimated at approximately $709 billion, indicating strong investor interest [2][11] Group 4: Investment Strategies - The report suggests that despite uncertainties in policy, the fundamental economic outlook remains resilient, and the technology cycle is on an upward trend, indicating an open window for long positions [2][11] - The report highlights a preference for growth stocks over value stocks, with large-cap growth stocks outperforming small-cap growth stocks [8][11]