摩根士丹利投資管理:料明年能源價格持續上漲
摩根士丹利投資管理環球平衡風險控管團隊主管兼董事總經理Andrew Harmstone表示,他認為,雖然商品通脹正放緩,惟服務通脹繼續上漲,意味著聯儲局走向鷹派的原因是合理,認為聯儲局明年採取策略和態度,成為明年股市走勢的關鍵。
至於能源市場,他認為這將會是明年的關注點之一,並料明年能源價格持續上漲,主要是俄烏戰爭持續,出現短缺問題。
他表示,由於今年第四季及明年初收益預測下調,料股市將進一步下跌,惟認為這可為股票敞口提供一個切入點;同時,隨著利率繼續上升,反映較高的通貨膨脹制度,長期債券的風險或回報繼續改善,故逐漸增加存續期。(ca/k)
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