美聯儲會議紀要公佈前夕
有明顯跡象表明,在週三FOMC會議紀要公佈前,由於交易員預計市場會進一步下行,目前整體市場處於避險模式。週二,美股經歷了2023年以來的最大單日跌幅。
摩根士丹利早前曾警告稱,標普500指數的股票風險溢價目前已經進入“死亡地帶”,因爲相對於美國國債,風險回報已經變得毫無吸引力。
在這位華爾街最著名空頭之一的警告下,標普500指數週二下跌超2%,創下今年以來表現最糟糕的一天。

標普500指數12個月遠期每股收益同比增長自2021年1月以來首次出現負增長。

兩年期美國國債的拍賣緊隨其後,收益率創下2007年以來的最高水平。再加上強勁的PMI數據,推動整體美國國債收益率走高。

這也導致美股和美債之間的6個月相關性達到了25年來的最高點。由於多元化的影響逐漸減弱,一種資產的拋售可能會加劇另一種資產的走勢。

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