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Mik333333333
2021-02-20
Mark
@小虎周报:美港股策略:QE火力全開,帶給上半年哪些投資機會?
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全球央行火力全開,海外市場高歌猛進 農曆春節期間,海外市場延續着高歌猛進的表現,除了美聯儲貨幣、財政帶來的雙寬鬆,歐日央行也在延續QE,因此出現指數級表現不足爲奇。一如年初時展望,我們仍然看好Q1美股表現,對應4000點的位置。<a target=\"_blank\" href=\"https://laohu8.com/S/.SPX\">$標普500(.SPX)$</a> 上半年美股有哪些投資主線? 風格方面,一季度財政紓困資金可能外溢到權益市場,加上風險偏好以及溫和波動的美債利率,可能加速推動海外成長股配置, 1)基於人民幣升值和企業增長的長期主線:我們認爲未來1-2年中概股仍將跑贏主流權益資產;<a target=\"_blank\" href=\"https://laohu8.com/S/KWEB\">$KraneShares CSI China Internet ETF(KWEB)$</a> 其次未來寬鬆邊際拐點的必然出現,大概率會令內生能力更強的成長股迎來配置潮,我們重點看好具備國際化業務和能力的海外科技。(圖4) 2)預計4月份疫苗全面接種,相應的美國通脹進入預警階段,經濟上行帶動價值和週期前景提升:比如業績對通脹比較敏感的銀行股(尤其是消費類銀行),重點看好<a target=\"_blank\" href=\"https://laohu8.com/S/BAC\">$美國銀行(BAC)$</a> ,<a target=\"_blank\" href=\"https://laohu8.com/S/C\">$花旗(C)$</a> ,<a target=\"_blank\" href=\"https://laohu8.com/S/MS\">$摩根士丹利(MS)$</a> ; 還有具備抗通脹屬性的比特幣概念股,重點看好海外支付龍頭","listText":"核心觀點 全球央行火力全開,海外市場高歌猛進 農曆春節期間,海外市場延續着高歌猛進的表現,除了美聯儲貨幣、財政帶來的雙寬鬆,歐日央行也在延續QE,因此出現指數級表現不足爲奇。一如年初時展望,我們仍然看好Q1美股表現,對應4000點的位置。<a target=\"_blank\" href=\"https://laohu8.com/S/.SPX\">$標普500(.SPX)$</a> 上半年美股有哪些投資主線? 風格方面,一季度財政紓困資金可能外溢到權益市場,加上風險偏好以及溫和波動的美債利率,可能加速推動海外成長股配置, 1)基於人民幣升值和企業增長的長期主線:我們認爲未來1-2年中概股仍將跑贏主流權益資產;<a target=\"_blank\" href=\"https://laohu8.com/S/KWEB\">$KraneShares CSI China Internet ETF(KWEB)$</a> 其次未來寬鬆邊際拐點的必然出現,大概率會令內生能力更強的成長股迎來配置潮,我們重點看好具備國際化業務和能力的海外科技。(圖4) 2)預計4月份疫苗全面接種,相應的美國通脹進入預警階段,經濟上行帶動價值和週期前景提升:比如業績對通脹比較敏感的銀行股(尤其是消費類銀行),重點看好<a target=\"_blank\" href=\"https://laohu8.com/S/BAC\">$美國銀行(BAC)$</a> ,<a target=\"_blank\" href=\"https://laohu8.com/S/C\">$花旗(C)$</a> ,<a target=\"_blank\" href=\"https://laohu8.com/S/MS\">$摩根士丹利(MS)$</a> ; 還有具備抗通脹屬性的比特幣概念股,重點看好海外支付龍頭","text":"核心觀點 全球央行火力全開,海外市場高歌猛進 農曆春節期間,海外市場延續着高歌猛進的表現,除了美聯儲貨幣、財政帶來的雙寬鬆,歐日央行也在延續QE,因此出現指數級表現不足爲奇。一如年初時展望,我們仍然看好Q1美股表現,對應4000點的位置。$標普500(.SPX)$ 上半年美股有哪些投資主線? 風格方面,一季度財政紓困資金可能外溢到權益市場,加上風險偏好以及溫和波動的美債利率,可能加速推動海外成長股配置, 1)基於人民幣升值和企業增長的長期主線:我們認爲未來1-2年中概股仍將跑贏主流權益資產;$KraneShares CSI China Internet ETF(KWEB)$ 其次未來寬鬆邊際拐點的必然出現,大概率會令內生能力更強的成長股迎來配置潮,我們重點看好具備國際化業務和能力的海外科技。(圖4) 2)預計4月份疫苗全面接種,相應的美國通脹進入預警階段,經濟上行帶動價值和週期前景提升:比如業績對通脹比較敏感的銀行股(尤其是消費類銀行),重點看好$美國銀行(BAC)$ ,$花旗(C)$ ,$摩根士丹利(MS)$ ; 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全球央行火力全開,海外市場高歌猛進 農曆春節期間,海外市場延續着高歌猛進的表現,除了美聯儲貨幣、財政帶來的雙寬鬆,歐日央行也在延續QE,因此出現指數級表現不足爲奇。一如年初時展望,我們仍然看好Q1美股表現,對應4000點的位置。<a target=\"_blank\" href=\"https://laohu8.com/S/.SPX\">$標普500(.SPX)$</a> 上半年美股有哪些投資主線? 風格方面,一季度財政紓困資金可能外溢到權益市場,加上風險偏好以及溫和波動的美債利率,可能加速推動海外成長股配置, 1)基於人民幣升值和企業增長的長期主線:我們認爲未來1-2年中概股仍將跑贏主流權益資產;<a target=\"_blank\" href=\"https://laohu8.com/S/KWEB\">$KraneShares CSI China Internet ETF(KWEB)$</a> 其次未來寬鬆邊際拐點的必然出現,大概率會令內生能力更強的成長股迎來配置潮,我們重點看好具備國際化業務和能力的海外科技。(圖4) 2)預計4月份疫苗全面接種,相應的美國通脹進入預警階段,經濟上行帶動價值和週期前景提升:比如業績對通脹比較敏感的銀行股(尤其是消費類銀行),重點看好<a target=\"_blank\" href=\"https://laohu8.com/S/BAC\">$美國銀行(BAC)$</a> ,<a target=\"_blank\" href=\"https://laohu8.com/S/C\">$花旗(C)$</a> ,<a target=\"_blank\" href=\"https://laohu8.com/S/MS\">$摩根士丹利(MS)$</a> ; 還有具備抗通脹屬性的比特幣概念股,重點看好海外支付龍頭","listText":"核心觀點 全球央行火力全開,海外市場高歌猛進 農曆春節期間,海外市場延續着高歌猛進的表現,除了美聯儲貨幣、財政帶來的雙寬鬆,歐日央行也在延續QE,因此出現指數級表現不足爲奇。一如年初時展望,我們仍然看好Q1美股表現,對應4000點的位置。<a target=\"_blank\" href=\"https://laohu8.com/S/.SPX\">$標普500(.SPX)$</a> 上半年美股有哪些投資主線? 風格方面,一季度財政紓困資金可能外溢到權益市場,加上風險偏好以及溫和波動的美債利率,可能加速推動海外成長股配置, 1)基於人民幣升值和企業增長的長期主線:我們認爲未來1-2年中概股仍將跑贏主流權益資產;<a target=\"_blank\" href=\"https://laohu8.com/S/KWEB\">$KraneShares CSI China Internet ETF(KWEB)$</a> 其次未來寬鬆邊際拐點的必然出現,大概率會令內生能力更強的成長股迎來配置潮,我們重點看好具備國際化業務和能力的海外科技。(圖4) 2)預計4月份疫苗全面接種,相應的美國通脹進入預警階段,經濟上行帶動價值和週期前景提升:比如業績對通脹比較敏感的銀行股(尤其是消費類銀行),重點看好<a target=\"_blank\" href=\"https://laohu8.com/S/BAC\">$美國銀行(BAC)$</a> ,<a target=\"_blank\" href=\"https://laohu8.com/S/C\">$花旗(C)$</a> ,<a target=\"_blank\" href=\"https://laohu8.com/S/MS\">$摩根士丹利(MS)$</a> ; 還有具備抗通脹屬性的比特幣概念股,重點看好海外支付龍頭","text":"核心觀點 全球央行火力全開,海外市場高歌猛進 農曆春節期間,海外市場延續着高歌猛進的表現,除了美聯儲貨幣、財政帶來的雙寬鬆,歐日央行也在延續QE,因此出現指數級表現不足爲奇。一如年初時展望,我們仍然看好Q1美股表現,對應4000點的位置。$標普500(.SPX)$ 上半年美股有哪些投資主線? 風格方面,一季度財政紓困資金可能外溢到權益市場,加上風險偏好以及溫和波動的美債利率,可能加速推動海外成長股配置, 1)基於人民幣升值和企業增長的長期主線:我們認爲未來1-2年中概股仍將跑贏主流權益資產;$KraneShares CSI China Internet ETF(KWEB)$ 其次未來寬鬆邊際拐點的必然出現,大概率會令內生能力更強的成長股迎來配置潮,我們重點看好具備國際化業務和能力的海外科技。(圖4) 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