［2月8日］美股指数估值数据（全球股票、商品深V反弹；全球指数星级更新）

Group 1 - The global stock and commodity markets experienced significant volatility this week, with a 1.5% decline in the global stock index and a 4% drop in the Nasdaq 100 index [3][4][5]. - Commodity prices also saw large fluctuations, with gold dropping by 10% and silver experiencing even larger declines [6][7]. - However, by Friday evening, global markets rebounded sharply, with the global stock index rising over 2% and commodities like gold and silver also increasing significantly [10][11][12]. Group 2 - The initial market volatility was attributed to concerns over the uncertainty surrounding the Federal Reserve's interest rate cuts, especially following Trump's nomination of a hawkish candidate for the Fed [15][16]. - This uncertainty led to a tightening of liquidity, adversely affecting leveraged investors and growth-style stocks, which are sensitive to liquidity changes [17][23]. - The Fed's recent comments indicating a potential decrease in inflation helped alleviate short-term liquidity concerns, contributing to the market rebound on Friday [18][20][22]. Group 3 - The tightening of liquidity this year has been particularly unfavorable for leveraged investors and growth/small-cap stocks, leading to potential short-term volatility [23][24]. - Despite this, the Fed is expected to cut rates again in 2026, and there is currently ample liquidity in both USD and RMB markets [25][27]. - Attention should be paid to the trends in USD interest rates in the second half of the year, as the Fed's rate cycle typically lasts 3-5 years [28][30]. Group 4 - A star rating chart for the global stock market indicates that the market was undervalued in previous years (2018, 2020, 2022) and has recently returned to a rating of around 4.1-4.2 stars after a significant drop in April 2025 [32]. - Currently, the global stock index is rated around 2.9 stars, suggesting it is not particularly cheap [32]. - The star rating system indicates that a 4-5 star rating represents relatively low valuation, while a 1-2 star rating indicates a high valuation [33]. Group 5 - There are global stock index funds available in overseas markets, with a total scale exceeding one trillion USD, but there are currently no such funds available in mainland China [35]. - The company has launched a "Global Index Advisory Portfolio" that diversifies investments across various stock markets, including US, UK, Hong Kong, and A-shares [36]. - Interested investors can engage with the advisory service to simulate similar investment effects [37][39]. Group 6 - The new book "Dividend Index Fund Investment Guide" has been released and quickly topped sales charts on platforms like JD.com [41]. - This book aims to address common questions about dividend products and is designed to be accessible for beginners, allowing for quick reading and understanding [43][44].