美国银行策略师表示，随着货币政策和金融监管的放松，股市泡沫风险正在上升。

　　Michael Hartnett领导的团队表示，由于美国、英国、欧洲的央行大幅降低借贷成本，全球政策利率已从去年的4.8%降至4.4%。他表示，预计未来12个月该利率将进一步降至3.9%。

　　与此同时，政策制定者正在考虑改革监管措施，以提高美国散户投资者的占比。“散户投资者规模越大，流动性就越大，波动性也就越大，泡沫也就越大，”Hartnett在一份报告中写道。

　　这位策略师准确地预测了今年国际股市表现会超过美国股市。他曾在12月警告，股市在2024年强劲反弹后开始出现泡沫。标普500指数在他发出这一预期后一度下跌18%，随后在4月初有所反弹。

　　Hartnett在6月再次表示，在预期降息的推动下，股市最终可能会出现泡沫。

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责任编辑：王许宁

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