瑞银:基金抛售美股或已结束,波动率控制基金已重启买入操作,标普500年底上望7000点

格隆汇
Nov 25, 2025

瑞银证券交易部门认为,美国股市下跌可能已告一段落,随基准指数在关键技术位获支持,系统性基金抛售已基本平息,加上市场对美联储12月减息预期又重回正轨,认为股市后续仍有上涨空间。 瑞银证券股票衍生品对冲基金销售主管Michael Romano预期,标普500指数年底前有望升至7000点,认为11月市场震荡已充分调整仓位,利好行情有望重启。即较标指昨日收报6705点有约4.4%潜在升幅。 Michael Romano指出,当前风险规避阶段已告一段落,由于AI龙头企业英伟达业绩强劲,以及支持芯片出口的政治表态,包括传美国总统特朗普正就英伟达对华出售芯片展开讨论,系统性基金的资金流向似乎也趋于稳定,其中波动率控制基金已重启买入操作。

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