Li Daxiao: US stocks counterattack are conducive to the stability of the global stock bond market

Zhongxin Jingwei July 4th. Question: US stock counterattack is conducive to the stability of the global stock bond market

Author Li Daxiao Yingda Securities

Since the beginning of this year, U.S. stocks have always been an important factor affecting the global stock market. Among them, Nasdaq has fallen by about 30%, S & P fell by about 20%, and US stocks have been sharply adjusted from high inflation, the Federal Reserve raises great interest rates and shrinks, US stock valuation valuations Return and so on.

However, some changes have been produced recently. Last Friday (July 1), the yield of 10 -year Treasury bonds in the United States fell sharply to 2.88%. Copper, aluminum, crude oil, food, sea transport and other prices have also fallen.

The three major U.S. stocks rose about 1%last Friday. This latest movement deserves our attention. Perhaps, after a sharp adjustment of the financial market, the short -term response to the interest rate hike is fully reflected, and the Federal Reserve's eagle speech has also been fully reflected. The counterattacks of US debt and US stocks slowly began.

Since April 27th, A shares have taken out a round of independent market, making global investors look eye -catching, which is related to China's determination to stabilize economic growth. It is relatively loose with Chinese monetary policy. Growth is related. In the second half of the year, the stable economic growth policy will still make efforts, and data in the third quarter will be significantly improved.

The decline in commodity prices is conducive to reducing global inflation pressure, and the counterattack of U.S. stocks and US bonds is also conducive to alleviating the pressure of global stock market bonds. The dragging effect on Chinese stocks, Hong Kong stocks and A shares will weaken. If the counterattack is strong, it will also help.

It is just that Chinese assets have started in advance, and there are relatively large increases. Some of them need to be rest, and some choices to continue to attack rapidly. Overall, the trend of the A -share center of gravity has not changed. It can be described as: without accumulating steps, no thousand miles; no small flow, no into the river. (Zhongxin Jingwei APP)

(The views in the article are for reference only, do not constitute investment suggestions, have risks in investment, and need to be cautious to enter the market.)

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Editor in charge: Song Yafen intern Peng Qiyun

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