Market Overview - The market's risk appetite has significantly improved, with the probability of a Federal Reserve rate cut in September rising to 94%[4] - The Nasdaq led the gains with an increase of 3.87%, while gold prices rose by 1.72% due to geopolitical tensions and tariffs[4] - Brent crude oil experienced a sharp decline of 4.81%[4] Asset Allocation Recommendations - Fixed Income: Favor high-grade credit bonds and adjust duration flexibly, focusing on bank and insurance sector movements[5] - Overseas Equities: Suggest long-term investment opportunities in the US tech sector, particularly AI, given the resilience of economic data[5] - Gold: Strengthened as a safe-haven asset due to geopolitical conflicts and economic slowdown, serving as a hedge against inflation[5] - A-shares: Current liquidity supports the market, but valuation pressures are evident; focus on low-valuation sectors[5] - Commodities: Overall underweight due to weak supply and demand; consider opportunities in new energy sectors[5] Risk Factors - Policy adjustment risks, market volatility risks, geopolitical shocks, economic data validation risks, and liquidity transmission risks are highlighted[6]
大类资产周报：资产配置与金融工程美联储降息预期增强，全球权益市场共振上行-20250812
Guoyuan Securities·2025-08-12 03:42