作 者丨李依农 杨雨莱 孙迟悦 编 辑丨和佳 江佩佩 深夜，金价再度狂飙！ | | | | COMEXT .. | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | GC.CMX | | | | | | 3295.6 | | 昨结 | | 3284.6 | 1 - 2 | | 3293.0 | | +11.0 | +0.33% | 总手 | | 1.01万 | 现手 | | 1 | | 最高价 | 3307.9 | 寺 එ | | 0 | | | 4438.0 | | 最低价 | 3291.9 | 仓 | | -18.1万 | | | 5625.0 | | 分时 | הת | | 信く | | EK | | | | 3328.3 | | | | | | 18:16 | 3.15% | | 3302.7 | | | | | | | 2.36% | | 3226.6 | | | | | | | 0.00% | | 3124 | | | | | | | -3.15% | | 05-15 | 05-16 | | 05-19 | | 05 ...

美股持续走低， 纳斯达克综合指数跌幅达1%。 ...

Group 1 - The article presents various companies' market capitalizations and stock performance, highlighting significant changes in their values [2][4]. - Notable companies mentioned include TAL, VIPS, and MINISO, with market capitalizations of 141.95 billion, 78.73 billion, and 65.79 billion respectively [2]. - The stock performance of these companies shows fluctuations, with TAL experiencing a decrease of 1.39 (-7.28%) and VIPS a decrease of 0.88 (-5.66%) [2]. Group 2 - Other companies listed include JD, Huya, and iQIYI, with market capitalizations of 21.33 billion, 18.01 billion, and 15.95 billion respectively [2]. - The performance of these companies also varies, with JD showing an increase of 0.05 (+0.59%) while Huya decreased by 0.02 (-1.06%) [2]. - Smaller companies like Huami and Tuniu have market capitalizations of 37.93 million and 86.22 million, with mixed performance results [4].

作 者丨吴斌 编 辑丨包芳鸣 刘雪莹 北京时间5月2 0日，美股三大指数集体低开。 数据截至20日21:40 | 名称 | 现价 | 涨跌巾一 | | --- | --- | --- | | 特斯拉(TESLA) | 345.815 | 1.09% | | TSLA.O | | | | 谷歌(ALPHABE ... | 167.780 | -0.05% | | GOOG.O | | | | 脸书(META PLA ... | 636.305 | -0.64% | | META.O | | | | 亚马逊(AMAZON) | 204.660 | -0.73% | | AMZN.O | | | | 苹果(APPLE) | 207.040 | -0.83% | | AAPL.O | | | | 微软(MICROSO ... | 454.930 | -0.86% | | MSFT.O | | | | 英伟达(NVIDIA) | 133.005 | -1.89% | | NVDA.O | | | 美股科技七巨头除特斯拉外悉数下跌。 美 国 国 债 收 益 率 继 续 攀 升，3 0 年 期 国 债 收 益 率 逼 近 ...

Core Viewpoint - Despite Moody's downgrade of the US credit rating triggering market sell-offs, US stocks and bonds rebounded strongly, primarily driven by record buying from retail investors [1][3]. Group 1: Retail Investor Activity - Retail investors net bought $4.1 billion by 12:30 PM ET, marking the largest net buying in history for that time period, exceeding 11 standard deviations [3]. - Retail trading volume accounted for approximately 36% of total trading volume, also a historical high, with total net buying reaching an astonishing $5.4 billion by market close [3]. Group 2: Market Reactions and Historical Context - Analysts noted that Moody's downgrade was seen as "academic," with the interest rate market already factoring in the unsustainable nature of the US fiscal deficit [3]. - Historical data suggests that after previous downgrades of US government debt, the stock market underperformed compared to bonds in the following months [6]. - In 2011, during the debt ceiling negotiations, the stock market began to decline and underperformed against bonds after the S&P downgrade [6]. Group 3: Economic Implications and Market Sentiment - There is a paradox where significant spending cuts, even if wasteful, could lead to an economic recession, as highlighted by JPMorgan's analysis [9]. - The market's resilience is likened to an acquired immunity, suggesting that past extreme conditions have altered investor perceptions of risk [9]. - JPMorgan's trading desk maintained a bullish outlook, indicating that any weakness in economic indicators should be viewed as a buying opportunity [10].

美股进入高位震荡阶段，散户创记录入场抄底拉盘，后续行情能否追高？鲍威尔悄然放鸽转向，降息之 前美股是否还有一跌？特朗普财政刺激或将起反作用。美股短期布局警惕一大风险因素>> 相关链接 ...

Group 1 - The S&P 500 index has seen six consecutive days of gains, nearing a bull market and only 3% away from its historical high [1] - Concerns arise after Moody's downgrade of the US sovereign credit rating, leading to a potential "sell-off" pattern among global investors [3][4] - Analysts suggest that the downgrade was anticipated, and the market is better prepared compared to previous downgrades, resulting in less volatility [3][4] Group 2 - Fundstrat's Thomas Lee downplays the significance of the downgrade, stating it reflects known facts about the US deficit [4] - The current environment of declining interest rate expectations may mitigate the impact of the downgrade on US assets [4][5] - The Federal Reserve's cautious approach to rate cuts could pressure the stock market if economic uncertainty persists [5] Group 3 - Retail investors have significantly increased their buying activity, with a record net purchase of $4.1 billion in US stocks on May 19 [6][8] - The influx of retail investment contrasts with institutional caution, leading to a divergence in market behavior [8][9] - The optimism among retail investors is attributed to a perceived easing of trade tensions, despite underlying risks [8][9] Group 4 - JPMorgan's CEO Jamie Dimon warns of extreme complacency in the market, highlighting underestimation of risks related to the US deficit and tariffs [9] - Dimon predicts a potential decline in earnings forecasts, which could negatively impact stock prices [9][10] - Analysts emphasize the need to monitor key factors such as tariff negotiations and Federal Reserve policies for future market direction [10][11] Group 5 - The current valuation of the US stock market is above 21 times earnings, which is considered high compared to other countries [11] - Future performance may depend on the progress of trade negotiations and the Federal Reserve's monetary policy [11] - Analysts suggest that investors may need to balance their portfolios as the market approaches its historical highs [11]

这位策略师认为，在穆迪将美国信用评级由AAA下调至AA1导致10年期国债收益率突破关键的 4.5%水平后， 股市更有可能出现回调。 但威尔逊在报告中写道：" 我们会在市场出现这种回调 时买入。 " 受美国债务评级下调影响，标普500指数期货周一下跌1.2%。穆迪称，下调评级是因为美国预算 赤字膨胀且毫无收窄迹象。此举再次引发担忧：在全球贸易不确定性持续之际，美国资产是否仍 具吸引力。 美 债 收 益 率 飙 升 可 能 考 验 股 市 反 弹 穆迪是最后一家发出此类降级的美国主要评级机构。惠誉评级（Fitch Ratings）和标普全球评级 （S&P Global Ratings）分别于2023年和2011年撤销了美国国债的最高评级。 来源 | 金十数据 摩根士丹利策略师迈克尔·威尔逊（Michael Wilson）表示，投资者应在穆迪下调美国主权信用评 级引发的美股回调后买入，因中美贸易休战已降低衰退概率。 威尔逊指出，一个令人鼓舞的迹象是，企业财报季结束时，关税不确定性未对业绩产生重大影 响。他表示， 近期盈利上调的增加也预示着股市将进一步上涨，即便未来几个月贸易数据略有疲 软。 "尽管我们尊重这一潜在结 ...

智通财经APP获悉，一些华尔街策略师认为，随着欧洲经济前景改善，欧洲股市相对于美国股市的表现 将至少创下20年来最佳水平。根据对20位策略师的调查平均值，欧洲斯托克600指数预计将在年底收于 554点左右。这意味着较上周五收盘上涨约1%。 摩根大通在调查中的目标位最高，为580点，而花旗集团预测该指数将上涨4%至570点，因为分析师们 对企业盈利的悲观情绪有所减弱。相比之下，两家银行都预计美国股市基准指数在今年剩余时间内将下 跌。 摩根大通对欧洲和美国股市的目标位差异表明，斯托克600指数在2025年的表现将比标普500指数高出25 个百分点，创下历史纪录，而花旗的预测则是2005年以来的最佳水平。 花旗策略师贝娅塔·曼泰谈到欧洲股市时表示："如果我们已经度过了盈利不确定性的高峰期，这可能为 进一步上涨和潜在的多重重新评级奠定基础，尤其是在那些受创更严重的周期性行业。" 这一前景标志着与年初预期的转变，当时策略师们预计欧洲股市将大幅落后于美国。但随着德国历史性 的财政改革和富有韧性的盈利吸引了那些寻求替代陷入贸易战的美国资产的投资者，该基准指数已经上 涨。 美国银行一周前公布的一项调查发现，目前全球基金经理中 ...

Core Viewpoint - Wells Fargo suggests that investors should reduce their holdings in emerging market stocks and instead purchase U.S. stocks, citing that while emerging market equities have outperformed the S&P 500 this year, this performance is typically linked to a weaker dollar, which is expected to strengthen [1] Group 1 - Emerging market stocks have shown superior performance compared to the S&P 500 index this year [1] - The strong performance of emerging markets is often associated with a weak dollar [1] - A prediction of a strengthening dollar is made, influencing the recommendation to shift investments [1]