通胀不利股市？这可不一定

黄金头条2021-02-22

近期市场对美国通胀升温的预期在上升，美国国债收益率持续走高。从债券市场来看，10年盈亏平衡通胀率显现出，市场对未来10年通胀预期比过去5年都要高。分析师Mark Hulbert指出，其实通胀对股市并不是很多投资者以为的威胁。如果未来几个月投资者们因为通胀走高而抛售股票的话，那其实恰好是买入机会。北卡罗莱纳州大学金融教授Richard Warr研究显示，长期来看，股市其实是对冲通胀风险的好选择...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

deelee
2021-02-22
deelee
谢分享
Jnh92
2021-02-22
Jnh92
哈哈到处都说通胀不利股市

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2113803990?lang=zh_CN&edition=full","thumbnail":"https://static.tigerbbs.com/ad2dd670f9557c66480c84fc5e4bd415","is_english":false,"pubTime":"2021-02-22 21:34","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2113803990","market":"us","top_or_hot":-1,"title":"通胀不利股市？这可不一定","media":"黄金头条","content":"<div>\n<p>近期市场对美国通胀升温的预期在上升，美国国债收益率持续走高。从债券市场来看，10年盈亏平衡通胀率显现出，市场对未来10年通胀预期比过去5年都要高。\n\n分析师Mark Hulbert指出，其实通胀对股市并不是很多投资者以为的威胁。如果未来几个月投资者们因为通胀走高而抛售股票的话，那其实恰好是买入机会。\n北卡罗莱纳州大学金融教授Richard Warr研究显示，长期来看，股市其实是对冲通胀风险的好选择...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3620946\">网页链接</a>\n\n</div>\n","source":"gold_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>通胀不利股市？这可不一定</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n通胀不利股市？这可不一定\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-22 21:34 北京时间&nbsp;&nbsp;&nbsp;<a href=https://wallstreetcn.com/articles/3620946><strong>黄金头条</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>近期市场对美国通胀升温的预期在上升，美国国债收益率持续走高。从债券市场来看，10年盈亏平衡通胀率显现出，市场对未来10年通胀预期比过去5年都要高。\n\n分析师Mark Hulbert指出，其实通胀对股市并不是很多投资者以为的威胁。如果未来几个月投资者们因为通胀走高而抛售股票的话，那其实恰好是买入机会。\n北卡罗莱纳州大学金融教授Richard Warr研究显示，长期来看，股市其实是对冲通胀风险的好选择...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3620946\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":".DJI","symbol_name":"道琼斯","start_time":0,"source_url":"https://wallstreetcn.com/articles/3620946","article_id":"2113803990","we_media_id":null,"thumbnails":["https://static.tigerbbs.com/ad2dd670f9557c66480c84fc5e4bd415"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2113803990","pubTimestamp":1614000879,"columns":[],"sourceInfo":{"source_id":"gold_highlight","name":"黄金头条"},"weMediaInfo":null,"summary":"近期市场对美国通胀升温的预期在上升，美国国债收益率持续走高。从债券市场来看，10年盈亏平衡通胀率显现出，市场对未来10年通胀预期比过去5年都要高。\n\n分析师Mark Hulbert指出，其实通胀对股市","collect":0,"end_time":0,"defaultTopTitle":"wallstreetcn.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{".DJI":"道琼斯"},"translate_title":"Inflation is bad for the stock market? That's not necessarily true","themeId":null,"isJumpTheme":false,"ttsUrl":"https://static.tigerbbs.com/5de481e5cd901949220dcd01f5a756c6","symbols_score_info":{".DJI":0.9},"content_text":"近期市场对美国通胀升温的预期在上升，美国国债收益率持续走高。从债券市场来看，10年盈亏平衡通胀率显现出，市场对未来10年通胀预期比过去5年都要高。\n\n分析师Mark Hulbert指出，其实通胀对股市并不是很多投资者以为的威胁。如果未来几个月投资者们因为通胀走高而抛售股票的话，那其实恰好是买入机会。\n北卡罗莱纳州大学金融教授Richard Warr研究显示，长期来看，股市其实是对冲通胀风险的好选择。\n研究显示，高通胀意味着在计算现值的时候，未来的名义收益会受到更高利率的影响。此外，通胀走高时，企业也能收费更高，那么未来数年的名义收益也会更高。\n在过去150年的时间里，标普500指数调整通胀后每股的增长率基本上稳定符合通胀，名义每股收益增长率的表现也基本相符。\n投资者们通常会关注通胀引起的最先两个后果，也就是说，投资者们意识到通胀会减少未来名义收益的价值，但却没有意识到这些名义收益本身是会增加的。\n当通胀下跌的时候，投资者们会认为由于之前通胀高企，未来的名义收益增长会被人为拉高，结果则是不合理的高估值。\n而当通胀开始上涨的时候，投资者们则会做出相反的错误，也就是会认为和之前低利率情况下相似，认为会有低收益增长率。那么他们会认为在通胀升温的时候，故事价值会下降。\nWarr指出，投资者们如果能从过去的错误中吸取了教训，那么就不会在未来几个月通胀上涨的时候抛售股票。\n“但如今大部分投资者都生活在低通胀的环境中，因此没有机会学到这个教训。”\n如果确实如此，那么未来几个月或许就是逢低买入美股的机会。","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":369977452,"gmtCreate":1614002089276,"gmtModify":1634551586686,"author":{"id":"3567856328974744","authorId":"3567856328974744","name":"deelee","avatar":"https://static.tigerbbs.com/0b0be180e4aaa7d467eb418c9066935d","vip":1,"crmLevel":7,"crmLevelSwitch":0,"idStr":"3567856328974744","authorIdStr":"3567856328974744"},"htmlText":"谢分享","listText":"谢分享","text":"谢分享","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/369977452","repostId":2113803990,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":369978506,"gmtCreate":1614001650305,"gmtModify":1634551588654,"author":{"id":"3575514325843399","authorId":"3575514325843399","name":"Jnh92","avatar":"https://static.tigerbbs.com/ef55d7fb7d3b4346addcccc4723c4688","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3575514325843399","authorIdStr":"3575514325843399"},"htmlText":"哈哈 到处都说通胀不利股市","listText":"哈哈 到处都说通胀不利股市","text":"哈哈 到处都说通胀不利股市","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/369978506","repostId":2113803990,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":5,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.4","shortVersion":"4.29.4","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2113803990"}