通脹預期升温 能源股集體走強
格隆匯2月22日丨通脹預期升温,能源類大宗商品價格不斷走強,使得A股市場能源股繼續上漲。株冶集團、銅陵有色漲停,江西銅業、雲南銅業、中國鋁業等均集體大漲。19日,LME銅期貨收漲4.54%至8941美元/噸,創下9年多以來新高,較去年3月的低點已實現翻倍。Ned Davis Research的一項研究顯示,過去50年,能源股一直是高通脹時期的贏家。另外,按投資風格進行排序時,週期性價值股(銷售對經濟波動更為敏感,估值通常相對較低)往往在通脹高企時表現更好。

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