【方正策略】美联储降息前后港股表现回顾与启示

追寻价值之路
Sep 11

核心结论我们对2001年以来四轮美联储首次降息周期中恒生指数在政策公布前后60个交易日的走势进行了系统梳理与量化比较,主要结论包括以下三点:第一,恒指在降息前后普遍出现阶段性反弹,但各周期表现存在明显差异。例如,在2001–2003年和2019–2020年周期中,降息前恒指已有所上涨;而在2007–2008年周期中,降息前则出现大幅下跌,反映出不同宏观情绪的影响。降息后,T+10至T+30通常是...

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