美国政策与主题性阿尔法 - 解读股市对政策风险的韧性-US Public Policy x Thematic Alpha-Explaining Equities' Resilience to Policy Risks
2025-08-21 04:44
August 20, 2025 08:50 PM GMT US Public Policy x Thematic Alpha | North America M Foundation Explaining Equities' Resilience to Policy Risks As macro data start to show effects of recent policy changes, the S&P 500 has remained resilient. Are policy changes in the price? It depends — in this note, we take a bottom-up approach to aggregate policy impacts on a sector basis & assess how much positive vs. negative sector impacts are driving index-level performance. We've heard the phrase 'the economy is not the ...