瑞银表示，仍然看好全球股市、国防和黄金，预计到2025年底金价将达到每盎司3,500美元。 ...

瑞银：建议逢低买入，预计市场仅会出现温和回调。瑞银仍然看好全球股市、国防和黄金，预计到2025 年底金价将达到每盎司3,500美元。 ...

Core Viewpoint - Michael Hartnett, a strategist at Bank of America, warns that the global stock market is about to trigger a technical "sell" signal after reaching a historic high this week, indicating that the market is overheating following a 20% surge in just two months [1] Market Conditions - The market has seen a significant increase of 20% in a short period, suggesting a potential overextension [1] - Hartnett cites data on capital flows and market breadth as evidence of investors flocking to risk assets, leading to high positions [1] Investor Sentiment - The current high levels of investor positions are often interpreted as a bearish signal, indicating that buying power may soon be exhausted [1] - The potential for a price correction is heightened due to the rapid increase in market activity [1]

Group 1 - Global stock markets are approaching a technical "sell" signal after reaching historical highs, with a warning from Bank of America strategist Michael Hartnett about the risk of a market collapse due to excessive investor enthusiasm [1][2] - Approximately 84% of national stock indices are above their 50-day and 200-day moving averages, with a threshold of 88% triggering preset sell conditions [2] - Year-to-date, global equity funds have attracted around $515 billion in inflows, potentially marking the second-highest record in history, while cash funds saw an influx of $94.8 billion in the past week, indicating a shift towards safer assets [2]

全球股市正逼近纪录高点，一些分析师预测逢低买盘将支撑市场进一步上涨。MSCI全球指数距离2月18 日创下的收盘纪录高位887.72点仅差0.5%。该指数已从美国总统特朗普宣布提高关税后的4月低点反弹 19%。"许多投资者可能感到没把握住时机，正在寻找潜在的回调机会以部署现金，" SGMC Capital创始 人Massimiliano Bondurri表示。根据分析师预测，MSCI全球指数未来12个月有望上涨11%。策略师们也 开始提高对主要市场的配置。（彭博） ...

美国银行：数据显示，全球股市在最新一周出现净流出95亿美元，为今年最大单周资金外流。加密货币 资金流入26亿美元，为今年一月以来最大规模流入。 ...

基本面： 周三（5月28日）早盘白银价格震荡盘整，市场关注区间内承压回来行情， 基本面周一因为美国市场休市，周二行情继续发酵"由于关税方面的情况不断变 化，金价波动很大。市场现在可能认为将达成协议，这给黄金带来了压力。"确实，贸易紧张局势的缓和直接削弱了黄金作为避险资产的吸引力，导致大量 资金从金市撤离。多重利空因素共振打压金价除贸易局势缓和外，还有几大因素共同导致了金价的下跌。首先，美元指数走强对以美元计价的黄金形成压 制。数据显示，美元兑一篮子货币周二普遍上涨，特别是对日元涨幅达到1%。 美元走强使得黄金对其他货币持有者来说更加昂贵，抑制了需求。其次，全球股市的强劲表现分流了黄金市场的资金。美国三大股指周二全线大涨，道琼斯 指数飙升740点，涨幅1.78%；标普500指数上涨2.05%；纳斯达克指数更是暴涨2.47%。科技股领涨的行情吸引大量资金从避险资产转向风险资产。第三，市 场对美联储货币政策预期发生变化。明尼阿波利斯联储总裁卡什卡利公开呼吁保持利率稳定，直到关税对通胀的影响更加明朗。这一表态强化了市场对美联 储可能暂停加息的预期，理论上本应对金价形成支撑，但在强烈的风险偏好情绪下，这一因素被市场暂时 ...