Evercore：科技股沒有陷入互聯網泡沫
Evercore ISI首席股票和量化策略師Julian Emanuel表示，目前科技股並沒有處於類似2000年的互聯網泡沫時代，這些科技股最終將會恢復漲勢。
“這與2000年不同，”Emanuel表示，“在過去的10年裏，我們已經達到了由少數股票驅動回報的狀態。”該策略師指的是所謂的FAANG，即Facebook母公司Meta(META.US)，亞馬遜(AMZN.US)、蘋果(AAPL.US)、奈飛(NFLX.US)和谷歌(GOOG.US)，這幾隻股票曾一度佔標普500指數權重的四分之一。
Emanuel預計，科技股將橫盤調整，直到業績趕上估值，然後該板塊將再次走高，這也是FAANG常見的走勢。“從長遠來看，這些仍然是長線的成長股;只是他們對市場的支撐不會像以前那樣大了。”
由於第三季度財報和業績指引大多令人失望，大型科技股遭遇了拋售，市值蒸發高達3700億美元。該板塊週二繼續對大盤構成沉重壓力，標普500指數收跌0.4%，亞馬遜、蘋果和微軟(MSFT.US)明顯拖累了該指數。
在債券收益率不斷下降，美聯儲繼續推進數十年來最激進的緊縮政策之際，大型科技股的下跌動搖了投資者的信心。由於利率上升抑制了增長，這個曾在疫情期間受到交易員歡迎的行業已成爲今年表現最差的板塊之一。
Emanuel預計，隨着投資者期待美聯儲主席鮑威爾在週三爲期兩天的FOMC會議結束時爲美聯儲的政策方向提供更多線索，整個市場將出現更大的波動。目前，交易員普遍預期美聯儲將加息75個基點，同時也在尋找未來加息步伐放緩的信號。此外，投資者還在密切關注11月8日的中期選舉。
“接下來的一兩週可能會非常動盪，”Emanuel表示，“我們知道美聯儲即將降低加息幅度。我不想把它稱爲‘暫停’或者其他什麼。但我們知道軌跡將發生變化，市場對此感到滿意。”
最後，該策略師表示，與7月份的財報季類似，投資者知道需要下調預期。“但在7月份的時候，這對股市影響並不大，現在也不重要，因爲坦率地說，人們投資倉位並不高，”他表示。
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