压力驱动抛售,恐慌并未登场

格隆汇
Oct 13, 2025

本文来自格隆汇专栏:中信证券研究,作者:徐广鸿、陈俊云、何林桓、许英博美国当地时间2025年10月10日,美国总统特朗普单方面声称将对中国进口商品加征额外关税,导致美股大跌。但从主要宽基指数和VIX表现、成交以及汇率等指标来看,市场情绪并未陷入恐慌。尽管当前美股估值高于今年4月初水平,但结合PE和EPS增速以及PB/ROE的维度,当前美股依旧具备配置价值,特别是在美股2025年业绩增速预期自6月...

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