【招商证券：美联储货币政策转向如何影响A股风格？】智通财经APP获悉，招商证券发布研究报告称，近期美国CPI数据低于市场预期，美联储表态偏鸽，市场对美联储降息预期持续升温。

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【招商证券：美联储货币政策转向如何影响A股风格？】智通财经APP获悉，招商证券发布研究报告称，近期美国CPI数据低于市场预期，美联储表态偏鸽，市场对美联储降息预期持续升温。从历史数据看，美股降息周期开启后，成长风格相对占优，且以降息开始为分界线，存在由大盘成长向小盘成长切换的趋势。从具体行业来看，TMT板块在降息周期中获得超额收益概率较大。到2024年四季度和明年，美国经济和需求有望逐渐过度到类...

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