美国“股债汇”三杀

Core Viewpoint - The article discusses the significant market turmoil in the U.S. following President Trump's threats of tariffs against several European countries and his ambitions regarding Greenland, leading to a "sell America" trend among global investors [1][3]. Market Reaction - The S&P 500 index experienced a 2.1% drop, erasing all gains since 2026, marking the largest single-day decline since October of the previous year [1][4]. - The VIX, a measure of market volatility, surged to its highest level since November of the previous year, indicating increased investor anxiety [1]. - Long-term U.S. Treasury yields rose sharply, reaching a four-month high, as investors reacted to fears stemming from Japanese bond sell-offs and Danish pension funds planning to exit U.S. debt [1][3]. Global Context - The article highlights a broader global risk aversion, with investors seeking to reduce or hedge their exposure to the volatile U.S. market [3]. - The tensions surrounding the Greenland dispute have intensified the "sell America" trend, as global investors reassess their positions [3][5]. Japanese Bond Market Impact - Japan's long-term bond yields surpassed 4% for the first time in 30 years, contributing to a significant sell-off in the Japanese bond market, which in turn affected U.S. Treasury prices [7][8]. - The yield on Japan's 30-year bonds has now exceeded that of Germany's, increasing the attractiveness of Japanese bonds to foreign investors [11]. Investor Sentiment - Despite the market turmoil, a recent Bank of America survey indicated that investor optimism towards the stock market is at a five-year high, while protective measures against market downturns are at their lowest since 2018 [5]. - Analysts suggest that the current market conditions may warrant increased risk hedging and investment in safe-haven assets [6]. Future Outlook - The ongoing geopolitical tensions and potential tariff implementations could lead to significant short-term market volatility, with analysts closely monitoring developments [5][12]. - The Danish pension fund's decision to liquidate U.S. Treasuries may further exacerbate market fluctuations and pressure on U.S. assets [13].