GOAL 启动：重回看涨区间-风险偏好指标创 2021 年以来新高-GOAL Kickstart_ Back to Bullish – Risk Appetite Indicator at highest levels since 2021

GOAL KICKSTART Back to Bullish – Risk Appetite Indicator at highest levels since 2021 Our Risk Appetite Indicator (RAI) remained elevated despite more policy and geopolitical uncertainty last week and reached new highs of 1.09 on Thursday (Exhibit 1). This is the highest level since 2021, the 98th percentile since 1991. The risk-on repricing YTD has been broad, with 17 out of the 27 inputs of the RAI above 0.8 in z-score terms (Exhibit 2). The most bullish components have been the Small vs. Large cap, EM vs ...