关税的余威，先伤到了美国自己。 如果"高通胀"叠加了"高失业"，那么意味着留给美联储的空间不多了。不过，美联储降息意味着全球的大放水开始，历史经验表明，美联储降息通常利好美 股和美债，利空美元指数。对非美资产而言，美联储降息将会削弱美元资产的吸引力，驱动全球资金重新配置。 近期，最亮眼的莫过于A股与黄金，中国的楼市也"蠢蠢欲动"，美股也出现了很多变数，那么本轮放水之下，各类资产会去往何方？ 美联储的降息成为了"全村人"的希望，但这一次降息的经济环境真的有些艰难：就业失业数据都很难看，美联储独立性受到前所未有的挑战，美元信用遭受 到了质疑......甚至还出现了美国存在滞胀风险以及美国经济"硬着陆"的声音。 搜狐号财经推出【全球市场风向标】活动，第一时间追踪市场变化，并特邀各位搜狐号财经大V分析师为大家解读趋势，第一谈我们聚焦股市、楼市与存款 存在哪些变化。 @郭施亮的博客：对新兴市场来说，美联储步入新一轮降息周期，对新兴市场股市和楼市的影响比较有利。作为市场资金情绪风向标的股票市场，短期受到 的刺激影响可能会大于楼市。 高盛的分析显示，美国消费者已承担了约22%的关税成本，如果关税维持现状，最终这一成本可能高 ...

Group 1 - The core viewpoint of the articles highlights the positive momentum in China's capital market, driven by coordinated regulatory efforts and supportive macroeconomic policies, leading to a recovery in market stability and investor confidence [1][2][3] - The Shanghai Composite Index has risen from 2900 points to 3600 points since September last year, with the ChiNext Index showing a monthly increase of over 8% in July, outperforming global markets [1] - The central government's recent meeting emphasized the need to consolidate the positive trends in the capital market, indicating a commitment to maintaining stability and growth [1] Group 2 - China's GDP growth rate of 5.3% in the first half of the year reflects effective macroeconomic policies and the resilience of the economy, with significant structural improvements noted in emerging industries [2] - The combination of proactive fiscal policies and moderately loose monetary policies has provided a solid foundation for economic support, with foreign investment in domestic stocks and funds exceeding $10 billion in the first half of the year [2] - Regulatory upgrades have activated asset valuation recovery, with reforms aimed at enhancing market stability and encouraging long-term capital inflows, thus injecting vitality into the market [3] Group 3 - The articles emphasize that while the market is expected to trend upwards, it will not be without fluctuations, highlighting the importance of China's institutional advantages and comprehensive market structure in fostering a healthy capital market [3] - The focus on optimizing policy environments and solidifying economic foundations is crucial for sustaining the momentum of capital market recovery and supporting high-quality economic development [3]

Group 1 - The core viewpoint of the articles emphasizes the positive momentum in China's capital market, driven by coordinated regulatory efforts and macroeconomic stability [1][2][3] - The Shanghai Composite Index has risen from 2900 points to 3600 points since September last year, with the ChiNext Index showing a monthly increase of over 8% in July, leading global markets [1] - The central government's recent meeting highlighted the need to consolidate the recovery and positive trend of the capital market [1] Group 2 - China's GDP growth rate of 5.3% in the first half of the year reflects effective macroeconomic policies and the resilience of the economy, with significant structural optimization in emerging industries [2] - The collaboration of more proactive fiscal policies and moderately loose monetary policies has provided a solid foundation for economic stability, with foreign investment in domestic stocks and funds exceeding $10 billion in the first half of the year [2] - The regulatory upgrades have activated asset valuation recovery, with reforms enhancing market stability and encouraging long-term capital inflow [3] Group 3 - The articles indicate that the capital market's upward trend is supported by the advantages of the socialist system, a large-scale market, a complete industrial system, and abundant talent resources [3] - The focus on improving the economic foundation, optimizing the policy environment, and enhancing market systems is crucial for sustaining a healthy capital market that contributes to high-quality economic development [3]

Group 1 - The core viewpoint of the article emphasizes the three certainties that support the stable and healthy operation of the capital market: certainty of high-quality economic development, certainty of macro policy expectations, and certainty of asset valuation recovery [1] Group 2 - The certainty of high-quality economic development is evidenced by a 5.3% unexpected growth in China's economy in the first half of the year, with high-tech manufacturing value-added increasing by 9.5% year-on-year, outpacing overall industrial value-added growth by 3.1 percentage points [2] - The certainty of macro policy expectations is supported by significant investments, such as a private real estate equity investment fund initiated by Schroders Capital and Xi Zi International, totaling approximately 3 billion yuan, focusing on investment opportunities in core cities of the Yangtze River Delta [3] - The certainty of asset valuation recovery is illustrated by the performance of major indices, with the Shanghai Composite Index up 7.22% year-to-date and the Shenzhen Component Index up 7.24%, indicating a potential for value re-evaluation as corporate profits improve and investor confidence returns [4]