摩根大通策略師稱是時候逢低買入美股了
摩根大通策略師Marko Kolanovic等人表示,是時候開始逢低買入美股了。
來源:彭博
“風險資產對美聯儲會議紀要作出的回撤反應可以說是過頭了,”Kolanovic在週一的客戶報告中寫道。“政策收緊可能是漸進的,風險資產應該能夠應對其步伐,並且發生在強勁的週期性復甦環境中。”
股市下跌,標普500指數創2016年以來最差年度開局。隨着交易員提高對美聯儲加息的預期,高估值的科技股首當其衝遭遇重挫。
Kolanovic說,雖然加息前景給高估值股票帶來壓力,但隨着經濟繼續擴張,這不會讓牛市脫軌。事實上,他認爲omicron可能是疫情的終結,這一趨勢將在第二季度提振經濟。
“我們對股市保持樂觀,預計omicron將最終證明對風險資產利好,因爲這種更具傳染性也更溫和的變異株降低了死亡率,加快了從大流行病向地方性流行病的轉變,”他寫道。
他繼續看好價值股,多數是對經濟敏感的公司,這些公司長期以來一直被忽視,如今市盈率或市淨率相對較低。價值交易今年將表現出色,重燃更持久的從成長股向價值股輪動的希望。
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