瑞银:美股行情延续,阿尔法机会升温

智通财经网
May 22, 2025

根据瑞银的模型,4 月 2 日关税公告后,美股市场迅速按照衰退体制进行定价,同时排除了 “金发姑娘”(经济温和增长)体制的可能性。目前这一趋势已逆转,金发姑娘体制的概率已回升至 3 月的平均水平。瑞银仍对美国消费者的状况存疑,且不确定市场是否过度消除了近期关税政策逆转带来的风险。瑞银的模型显示,非必需消费品板块可能面临更多下行压力,而通信服务和公用事业板块有望相对表现突出。体制:不确定性弥漫,晚...

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