格隆汇11月25日｜瑞银证券交易部门认为，美国股市的下跌可能已告一段落，为年底反弹奠定基础。瑞 银证券股票衍生品对冲基金销售主管Michael Romano预计，标普500指数年底前将攀升至7000点，认为 11月的市场震荡已充分调整仓位，利好行情有望重启。他还提及英伟达的强劲业绩以及支持芯片出口的 政治表态。系统性基金的资金流向似乎也趋于稳定，其中波动率控制基金已重启买入操作。 ...

Group 1 - The core viewpoint of the articles indicates a significant shift of funds from European assets to the US market, driven by easing recession fears and a lack of short-term catalysts in Europe [1][3][2] - Goldman Sachs reports that short-selling in European stocks has reached its highest level in nearly a year, with hedge funds establishing new short positions [2][3] - European stock performance has been notably strong recently, with the DAX 30 index rising nearly 19% year-to-date, but concerns over growth and valuation have led to net selling of European defense stocks [2][3] Group 2 - Barclays analyst Emmanuel Cau notes that the cautious sentiment among investors is leading to a preference for US stocks, as European performance weakens and geopolitical uncertainties persist [3][2] - Nomura Securities predicts that over $100 billion may flow into the US market next month, marking the largest expected inflow for volatility-control funds since 2004 [3][4] - The recent decline in realized volatility is driving this predicted influx, as volatility-control funds may soon increase their risk exposure [4][5]