美银：The Flow Show-Buckle Up
2025-09-28 14:57
The Flow Show Buckle Up 更多资料加入知识星球：水木调研纪要 关注公众号：水木纪要 Scores on the Doors: gold 41.3%, international stocks 24.7%, bitcoin 17.7%, US stocks 12.3%, HY bonds 9.7%, IG bonds 9.6%, govt bonds 7.0%, commodities 6.1%, cash 3.2%, US dollar -9.2%, oil -9.8% YTD. The Price is Right: 168 rate cuts past 12 months (Chart 5), big liquidity, big drop US$, big gains gold, crypto, stocks; but strong US data says macro don't need 2 Fed cuts by year-end…US$, yields, oil up…healthy correction stocks, crypto, gold so long as no ...