Global stock markets are still turbulent, investors are cash king-t6670

Global stock markets remain volatile investors "cash is king" Sina Level2:A shares of sina finance client speed Kanpan: the most profitable investors in the Securities Times reporter Wu Jiaming in recent days, the global stock market rebound, but with the volatility of the stock market, investors become more cautious. The survey of fund managers by Merrill Lynch shows that the proportion of investors holding cash has reached a new high since November 2001. At the same time, investors are very pessimistic about future investment prospects, and expectations of global growth and corporate profits have been negative for the first time since July 2012. More than half of investors believe that the global economy is at the end of its expansion, the highest level since August 2008. Fund managers also reduce the allocation of shares, the current allocation ratio is lower than its long-term average low "standard deviation", close to the low since 2012. The decline in investor sentiment is consistent with the decline in the stock market, this year the U.S. stock standard & Poor’s 500 index fell by nearly 7%. Merrill Lynch strategy team lowered the end of the year target of the S & P 500 index, down from 2200 points to 2000 points, but also warned the market there are still a lot of negative risks. There are many factors contributing to the fall in the market, including a lot of analysts think the Fed’s interest rate hike in December may be a mistake. In Merrill Lynch poll, 23% of respondents expect the Federal Reserve will not increase interest rates this year, 33% investors are expected to raise interest rates only once. Eric Rosengren, President of the Federal Reserve Bank of Boston, said the slowdown in the growth of some trading partners in the United States, the decline in global equities and the strong performance of the U.S. dollar could lead to slower economic growth in the United States than the Fed expected. If the weakness of the global economy spreads to the United States, the Fed has little need to raise interest rates. Deutsche Bank’s strategic analyst pointed out that only the Federal Reserve to change the existing monetary policy, and began to implement monetary easing policy again, the global stock market sell-off situation will gradually fade. Goldman U.S. equity strategist David Kostin and the team released the report at the meeting, the bank recently held macro customers, more than 1/3 of all types of assets is expected in 2016, the highest risk adjusted rate of return will be cash, nearly 60% of the participants expect the global stock market will show a negative return this year. Yesterday, the Asia Pacific stock market in the past two trading days rose slightly after the rest of the rest, MSCI Asia Pacific Index rose slightly by 0.2%, the Japanese stock market Nikkei 225 index and China Hongkong Hang Seng index declined by more than 1%. European stock markets continued to rise, with the French and French stock markets rising by more than 1%. However, JP Morgan chase Asset Management Co global strategist Zhou Huantong said that the recent rebound in the global stock market does not mean hitting the bottom, there are too many uncertainties, the stock may not be a wise choice. But Merrill Lynch strategists don’t seem to think so. "Investors want to keep capital." Merrill Lynch strategist pointed out in the report, "but all these pessimism in theory

全球股市依旧动荡 投资者“现金为王” 新浪财经Level2:A股极速看盘 新浪财经客户端:最赚钱的投资者都在用   证券时报记者 吴家明   最近几天,全球股市人气回暖,但伴随着股市的波动,投资者越来越趋于谨慎。美银美林的基金经理调查显示,投资者们持有现金的比例创下2001年11月以来的新高。   与此同时,投资者对未来投资前景非常悲观,对全球增长和企业盈利的预期自2012年7月以来首次转为负面。超过一半的投资者认为全球经济处于“扩张末期”,该比例为2008年8月以来的最高水平。基金经理也减少了对股票的配置,目前的配置比例较其长期平均水平低一个“标准差”,接近2012年以来的低位。   投资者情绪低迷与股市下跌是一致的,今年以来美股标普500指数累计下跌近7%。美银美林策略团队调降了对标普500指数的年底目标,从2200点下调至2000点,更警告市场仍存在大量负面风险。   造成市场下跌的因素有很多,其中就包括很多分析认为美联储去年12月加息有可能是一个错误。在美银美林的调查中,23%的受调查者预计今年全年美联储都不会再加息,33%投资者预计只会加息一次。美国波士顿联邦储备银行行长Eric Rosengren表示,美国的一些贸易伙伴增长放缓,全球股市下跌以及美元表现强势,可能会导致美国未来的经济增速慢于美联储预期。如果全球经济的疲弱表现波及美国,美联储几乎没有必要提高利率。德意志银行的战略分析师指出,只有美联储改变现有货币政策,并开始再次实行货币宽松政策,全球股市遭遇抛售的情况才会慢慢消退。   高盛美国股票策略师David Kostin及其团队发布的报告称,在出席近期该行举行的宏观会议客户中,超过三分之一预计2016年所有资产类型中,风险调整后回报率最高的将是现金,近60%的参与者预计全球股市今年将呈现负回报。   昨日,亚太地区股市在过去两个交易日强劲上涨后稍做休整,MSCI亚太指数小幅上涨0.2%,日本股市日经225指数以及中国香港恒生指数的跌幅均超过1%。欧洲股市盘中则继续上涨,英法德股市盘中涨幅超过1%。不过,摩根大通资产管理公司全球策略师周奂彤表示,近日全球股市的反弹并不代表触及底部,目前存在太多不确定性,股票可能不是一个明智的选择。   然而美银美林的策略师似乎不这么认为。“投资者都想要保存资本。”美银美林策略师在报告中指出,“但所有这些悲观情绪中隐藏着一线希望,投资者大量配置现金意味着市场可能即将转向。”根据美银美林的模型,当现金水平超过4.5%时,“买入”信号被触及;当现金水平降至3.5%时,“卖出”信号被触及。目前,5.6%的现金水平或显示投资者对市场的担忧已经过度。 新浪声明:此消息系转载自新浪合作媒体,新浪网登载此文出于传递更多信息之目的,并不意味着赞同其观点或证实其描述。文章内容仅供参考,不构成投资建议。投资者据此操作,风险自担。 进入【新浪财经股吧】讨论相关的主题文章: