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Research Market strategy
by Swissquote Analysts
每日市场简报

市场情绪激动

1

市场情绪激动

By Vincent Mivelaz

经历昨日的涨势之后,市场今日似乎正在失去动力。昨日上涨主要是受美联储主席鲍威尔有关评论(其表示货币刺激措施仍在讨论之列)以及有关莫德纳潜在发现新冠疫苗的头条新闻(称该疫苗可以在人体内产生免疫系统反应,成为吉利德科学瑞德西韦对抗新冠肺炎的额外补充药物)的提振。然而,考虑到后者即将结束第一阶段,并且尽管存在紧急使用状态,但其并未计划在七月前启动关键的第三阶段,因此此次涨势的可持续性存在很大的不确定性,而提前快速跟进市场上的药物无法为当前新药供应紧张的局面提供解决方案。例如,瑞德西韦就是其中之一,它得益于美国、日本和欧洲的适应性条件。同时,在欧盟高层领导人德国总理安格拉•默克尔和法国总统埃曼纽尔•马克龙释放乐观消息后,投资者的情绪似乎开始好转,预计在2021年之前欧元区将不会提供5000亿欧元的一揽子援助计划,这强化了市场观点——欧洲央行行长克里斯汀•拉加德应当宣布,除了当前的总额为1200亿欧元的资产购买计划,还应将当前应对新冠病毒大流行的紧急资产购买计划将从7500亿欧元增加到1.13万亿美元。

到目前为止,几乎没有证据表明应该支持经济会实现V型复苏,因为市场表现仍然受少数股票(即技术和医疗保健行业)的推动。石油输出国组织(OPEC +)遵守本月开始的每日1000万桶减产计划,刺激油价上涨,引发能源供应商最近录得涨势。此外,鉴于未来几个季度可能会实施成本削减措施,此次涨势显得有些疲软。取而代之的是,尽管小盘股指数(例如S&P Small Cap 600)具有较长期的追赶潜力,但较小的股本从长远来看似乎更具说服力。

 
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