【招商宏观:全球权益轮动,港股或为下阶段焦点】招商宏观研报称,1)近期的“强美股+弱美元”格局有助于提振非美权益风险偏好及流动性,且美元只要仍在95-100区间即为弱势。2)今年以来全球权益市场存在轮动特征:德国DAX、恒生科技➔韩国➔美股、A股。若随后1-2周全球未现显著利空因素,恒生科技再次向上突破的概率有所增加。3)国内方面,“反内卷”对资产风格的影响暂不显著,在PPI同比回正预期出现前,哑铃型策略依旧有效。

金融界
14 Jul
招商宏观研报称,1)近期的“强美股+弱美元”格局有助于提振非美权益风险偏好及流动性,且美元只要仍在95-100区间即为弱势。2)今年以来全球权益市场存在轮动特征:德国DAX、恒生科技➔韩国➔美股、A股。若随后1-2周全球未现显著利空因素,恒生科技再次向上突破的概率有所增加。3)国内方面,“反内卷”对资产风格的影响暂不显著,在PPI同比回正预期出现前,哑铃型策略依旧有效。

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