华尔街的“2026美股主题”是轮动!“老登”胜过Mag 7,高盛高呼“周期股尚未被完全定价”

华尔街见闻
Dec 14, 2025

华尔街多家大行策略师正建议客户在2026年将投资重心从“科技七巨头”转向医疗、工业、能源和金融等传统周期性板块。高盛认为,这一转变主要基于两点:一是对科技巨头能否持续支撑其高昂估值和AI支出的疑虑加深;二是对2026年美国整体经济前景的乐观情绪升温。随着2026年的临近,华尔街正在形成一个日益清晰的共识:过去数年引领牛市的科技巨头可能将让出舞台中央,市场轮动将成为新一年的投资主旋律。据彭博社报道,...

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