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再三婉拒张天爱
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再三婉拒张天爱
05-09
垫底?编也不能这么假啊
抱歉,原内容已删除
再三婉拒张天爱
05-08
【投票贴】现在问10个投资者,高低评价的比例有多少?
再三婉拒张天爱
05-08
Replying to
@三藏大法师
:有点法师的意思,世上难有两全法//
@三藏大法师
:评论区没几个正常人,36了就10块20块,50了就80,100
再三婉拒张天爱
04-07
半年线已经破了,筹码稳定性肯定更差了。一堆筹码在顶上。我想等破30
再三婉拒张天爱
01-23
不同的发展路径,等待未来 4 年市场消费者的选择。最好配合美开放新能源车进口,这样大川的政策才具有意义
再三婉拒张天爱
2024-04-12
$Lineage Cell Therapeutics Inc(LCTX)$
再三婉拒张天爱
2024-03-26
应该剔除中信证券的分析那一段落,他已经失去公信力了
@港股研究社:小米SU7定价之战:科技巨头的汽车江湖挑战
再三婉拒张天爱
2024-03-18
小米汽车的价格被多方猜测,很多所谓米粉叫嚷着买不起,可是他们是站在自己角度,静止的看待小米和小米的发展。雷老板选择小米手机的高端化,就已经说明了小米汽车也是高端化的产品,已经成为小米集团发展的共识。那些还停留在喊价九万九的所谓米粉,其实已经不是小米 su7 的潜在客户,完全忽略了品质,时尚,价值和风潮,静止的认为小米过去走的手机路线会在汽车上复刻,这不是发展的观点。
再三婉拒张天爱
2024-02-12
还没成功🤦♂️
@小虎活动:【惊喜5】初三送穷鬼!分享一下你横扫投资障碍的秘笈
再三婉拒张天爱
2023-12-28
看了几乎一边倒的评论,我更坚定了。
再三婉拒张天爱
2023-09-21
蔚来这是强撸啊,可是强撸飞灰湮灭啊! 等下看看手机是啥情况
抱歉,原内容已删除
再三婉拒张天爱
2023-09-15
双向印花税,还加税,就是昏招。
抱歉,原内容已删除
再三婉拒张天爱
2023-07-11
$巨星传奇(06683)$
杰伦概念股,必得关注
再三婉拒张天爱
2023-01-29
做手机门槛这么低啊
抱歉,原内容已删除
再三婉拒张天爱
2023-01-09
这篇文章不错,转发给大家看看
@夜行美股:视频里加了底部股票提醒进度条, 想看哪支票直接拉到那个位置就可以了, 欢迎关注,转发~ .IXIC、YINN、IQ、TSLA、AAPL、SOXL、TCOM、TOUR、HUYA、BZ
再三婉拒张天爱
2022-12-19
我看好港股市场和消费及资源板块,另外地产也是复苏的快捷键。这就如同海啸,总是突然退朝,然后浪头就过来了
@小虎资管:老虎独家|2023年投资主线的演变
再三婉拒张天爱
2022-12-16
这篇文章不错,转发给大家看看
@价值投资为王:2023年,机构看好哪些港股?
再三婉拒张天爱
2022-11-24
真是路边社消息
抱歉,原内容已删除
再三婉拒张天爱
2022-09-02
继续加注而已,没到翻拍的时候。
抱歉,原内容已删除
再三婉拒张天爱
2022-05-05
yalla
抱歉,原内容已删除
去老虎APP查看更多动态
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@三藏大法师:有点法师的意思,世上难有两全法//@三藏大法师:评论区没几个正常人,36了就10块20块,50了就80,100","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/432882785517632","isVote":1,"tweetType":1,"viewCount":408,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":421857611595824,"gmtCreate":1744020782088,"gmtModify":1744020784922,"author":{"id":"176683618527696","authorId":"176683618527696","name":"再三婉拒张天爱","avatar":"https://static.tigerbbs.com/b5992e2342b64a8c465dfcf6a46437df","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"176683618527696","authorIdStr":"176683618527696"},"themes":[],"htmlText":"半年线已经破了,筹码稳定性肯定更差了。一堆筹码在顶上。我想等破30","listText":"半年线已经破了,筹码稳定性肯定更差了。一堆筹码在顶上。我想等破30","text":"半年线已经破了,筹码稳定性肯定更差了。一堆筹码在顶上。我想等破30","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/421857611595824","isVote":1,"tweetType":1,"viewCount":459,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":395866809290952,"gmtCreate":1737672302041,"gmtModify":1737672304120,"author":{"id":"176683618527696","authorId":"176683618527696","name":"再三婉拒张天爱","avatar":"https://static.tigerbbs.com/b5992e2342b64a8c465dfcf6a46437df","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"176683618527696","authorIdStr":"176683618527696"},"themes":[],"htmlText":"不同的发展路径,等待未来 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","text":"$Lineage Cell Therapeutics Inc(LCTX)$","images":[{"img":"https://static.tigerbbs.com/2d62ccfa2d78350228958b0c6f0ed7ca","width":"1086","height":"1713"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/294391791538464","isVote":1,"tweetType":1,"viewCount":1407,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":288489588150352,"gmtCreate":1711464675272,"gmtModify":1711465512722,"author":{"id":"176683618527696","authorId":"176683618527696","name":"再三婉拒张天爱","avatar":"https://static.tigerbbs.com/b5992e2342b64a8c465dfcf6a46437df","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"176683618527696","authorIdStr":"176683618527696"},"themes":[],"htmlText":"应该剔除中信证券的分析那一段落,他已经失去公信力了","listText":"应该剔除中信证券的分析那一段落,他已经失去公信力了","text":"应该剔除中信证券的分析那一段落,他已经失去公信力了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/288489588150352","repostId":"288475140796560","repostType":1,"repost":{"id":288475140796560,"gmtCreate":1711461264055,"gmtModify":1744853278190,"author":{"id":"3516422794850265","authorId":"3516422794850265","name":"港股研究社","avatar":"https://static.tigerbbs.com/6f93253ece299c58b5ce6c809885d9ed","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3516422794850265","authorIdStr":"3516422794850265"},"themes":[],"title":"小米SU7定价之战:科技巨头的汽车江湖挑战","htmlText":"3月25日,小米正式开放旗下首款车型SU7的静态体验,目前全国29城的59家小米之家及小米汽车门店、17个限时展厅均可体验。 在各地小米门店前,参观者络绎不绝,呈现出火爆的人气。有店员表示,因为人流量太多,咨询的人非常多,“嗓子已经喊哑了”,因此开启了预约进店模式。据店员介绍,小米SU7会在3月28日(本周四)晚7点正式上市,最快下个月就可以提车。 “打得一拳开,免得百拳来”。作为小米汽车开山之作,小米SU7承担着打开高端化品牌市场的重任。当展车进店、公开展示车辆的细节后,售价就成为小米SU7最后的“悬念”。 毕竟没有卖不出去的车,只有卖不出去的价格。 比亚迪“电比油低” 压力给到小米 小米汽车通往高端化的路,可谓荆棘密布、险阻重重。 2023年11月,小米汽车正式公示以来,发布会开了一场又一场,但是小米su7售价依然是不能说的“秘密”。在种种的期许与质疑声中,雷军给出的答案是再等等。然而,市场不等人,2月19日龙年伊始,比亚迪2024年带头“掀桌子”,喊出“电比油低”的口号,将新能源汽车价格战火烧到10万元及以下的低端市场。作为手机领域的“价格屠夫”小米,在汽车领域面对比亚迪的凶猛价格攻势,背负着更大的技术、资金、营销压力。 此外,在比亚迪官宣降价之后,上汽五菱、长安汽车等多家燃油车企、哪吒、理想、问界等新能源车企也相继加入了这场价格战。新能源车企降价的背后,是动力锂电池的成本下降,给车企提供了更大的降价空间。 根据ICC披露的数据,2023年我国动力锂电池电芯价格持续下降。磷酸铁锂动力电芯价格从2023年1月的0.82元/Wh下跌至2023年12月的0.43元/Wh,降幅超47%。三元锂动力电芯价格从2023年1月的0.92元/Wh下跌至2023年12月的0.52元/Wh,降幅超43%。 在锂电池解决了电动车里程焦虑之后,消费者更关注的是车辆的智能化与车内配置。在车载系","listText":"3月25日,小米正式开放旗下首款车型SU7的静态体验,目前全国29城的59家小米之家及小米汽车门店、17个限时展厅均可体验。 在各地小米门店前,参观者络绎不绝,呈现出火爆的人气。有店员表示,因为人流量太多,咨询的人非常多,“嗓子已经喊哑了”,因此开启了预约进店模式。据店员介绍,小米SU7会在3月28日(本周四)晚7点正式上市,最快下个月就可以提车。 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今年穷鬼就会远离你,一年都会顺顺利利发发发哦!【活动时间】2024年2月12日 - 2024年2月18日【活动奖励】所有参与评论的虎友都将获得10虎币💰💰💰。人气奖:在评论区得到最多点赞的朋友将获得10美元代金券一个幸运奖:我们还会从评论区随机选出5位虎友,每位赠予5美元代金券 <a href=\"https://laohu8.com/S/TIGR\">$老虎证券(TIGR)$</a>","listText":"大年初三也叫“穷鬼日”,这天的主题是“送穷鬼”,就是把贫穷和霉运都送走。在初三,家家户户都会拿起扫把,把年初一、初二房前屋后堆满的爆竹屑、烟头和糖果纸等垃圾,一并彻底地清扫出去。在炒股中,我们同样也会遇到“穷鬼”,比如各种各样的投资陷阱。那我们要如何避免他们呢?以下是几个避坑方法,你有在投资中使用过吗?多元化投资组合,避免把鸡蛋都放在一个篮子里,降低整体风险。了解你自己,设立明确的投资目标,包括风险承受能力。交易上头了要设定冷静期,防止过度交易。虎友们,让我们一起分享股票投资过程中存在的陷阱以及你的避坑方式。在大年初三,一起送走这些“穷鬼”吧!【参与方式】转发本贴,并在评论区分享一下股票投资过程中存在的陷阱以及你的避坑方式同时留言“恭喜发财,送走穷鬼”。 今年穷鬼就会远离你,一年都会顺顺利利发发发哦!【活动时间】2024年2月12日 - 2024年2月18日【活动奖励】所有参与评论的虎友都将获得10虎币💰💰💰。人气奖:在评论区得到最多点赞的朋友将获得10美元代金券一个幸运奖:我们还会从评论区随机选出5位虎友,每位赠予5美元代金券 <a href=\"https://laohu8.com/S/TIGR\">$老虎证券(TIGR)$</a>","text":"大年初三也叫“穷鬼日”,这天的主题是“送穷鬼”,就是把贫穷和霉运都送走。在初三,家家户户都会拿起扫把,把年初一、初二房前屋后堆满的爆竹屑、烟头和糖果纸等垃圾,一并彻底地清扫出去。在炒股中,我们同样也会遇到“穷鬼”,比如各种各样的投资陷阱。那我们要如何避免他们呢?以下是几个避坑方法,你有在投资中使用过吗?多元化投资组合,避免把鸡蛋都放在一个篮子里,降低整体风险。了解你自己,设立明确的投资目标,包括风险承受能力。交易上头了要设定冷静期,防止过度交易。虎友们,让我们一起分享股票投资过程中存在的陷阱以及你的避坑方式。在大年初三,一起送走这些“穷鬼”吧!【参与方式】转发本贴,并在评论区分享一下股票投资过程中存在的陷阱以及你的避坑方式同时留言“恭喜发财,送走穷鬼”。 今年穷鬼就会远离你,一年都会顺顺利利发发发哦!【活动时间】2024年2月12日 - 2024年2月18日【活动奖励】所有参与评论的虎友都将获得10虎币💰💰💰。人气奖:在评论区得到最多点赞的朋友将获得10美元代金券一个幸运奖:我们还会从评论区随机选出5位虎友,每位赠予5美元代金券 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20230109","htmlText":"\n \n \n 视频里加了底部股票提醒进度条, 想看哪支票直接拉到那个位置就可以了, 欢迎关注,转发~ .IXIC、YINN、IQ、TSLA、AAPL、SOXL、TCOM、TOUR、HUYA、BZ\n \n","listText":"视频里加了底部股票提醒进度条, 想看哪支票直接拉到那个位置就可以了, 欢迎关注,转发~ .IXIC、YINN、IQ、TSLA、AAPL、SOXL、TCOM、TOUR、HUYA、BZ","text":"视频里加了底部股票提醒进度条, 想看哪支票直接拉到那个位置就可以了, 欢迎关注,转发~ 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1.演变一:从经济周期看各大经济体 2000年以来,全球化使得“地球村”各国经济周期趋同。但这次疫情以来,逆全球化、地缘政治冲突和区域防疫保护等众多因素,使得国家间的经济活动、政策以及复苏进程形成了割裂,过去的经济周期同步性遭受冲击。 来源:彭博,老虎国际 欧美节奏是比较相近的,疫情后的大水漫灌,不仅带来了复苏,还带来了通胀。因此在2022年经济增速放缓后,通胀的高企将欧洲和美国双双带入了过热期,随后滑落到了滞胀期。不过俄乌冲突给欧元区的巨大冲击,使其通胀和经济压力比美国更大。因此当前欧洲通胀率高于美国,而预期通胀及实际GDP负增长,意味着市场认为欧元区2023年大概率步入衰退。美国相对欧元区经济韧性更强,明年存在软着陆的可能,但从周期来看也是朝着衰退的方向行进。 中国与欧美走出了完全不一样的周期。国内这两年一直维持着较低的CPI,今年主要是由于疫情反复导致复苏进程受阻,即使货币政策已经宽松,经济周期也被固定在衰退阶段,与欧美从过热到滞胀的周期完全错开。而到了明年,随着重新开放,经济周期上大概率会朝着复苏或过热阶段迈进。 不同的经济现状、地缘冲突、保护主义抬头……各国经济现状不尽相同,而去年的主线将会得到延续与演变,并将致使各国在2023年朝着不同方向发展。 1.1美国:通胀?衰退? 来源:老虎国际 根据我们基于多个经济增长与通胀预期指标独家构建的美国经济周期模型,美国自今年Q1以来进入滞胀期,而经济数据一致预期则指向明年美国会进入衰退期。不过,美联储的货币政策动向,显然会在资金成本预期上直接影响美国进入衰退期的速度与程度。 在连续四次加息75个基点之后,美联储主席","listText":"高通胀环境下美联储超预期的货币政策紧缩,以及逆全球化趋势带来的以安全为核心的产业链重构,组成了2022年的投资主线。进入2023年,这两条主线的演变结合各大经济体的经济周期与产业发展,将形成新的投资逻辑与机会。 1.演变一:从经济周期看各大经济体 2000年以来,全球化使得“地球村”各国经济周期趋同。但这次疫情以来,逆全球化、地缘政治冲突和区域防疫保护等众多因素,使得国家间的经济活动、政策以及复苏进程形成了割裂,过去的经济周期同步性遭受冲击。 来源:彭博,老虎国际 欧美节奏是比较相近的,疫情后的大水漫灌,不仅带来了复苏,还带来了通胀。因此在2022年经济增速放缓后,通胀的高企将欧洲和美国双双带入了过热期,随后滑落到了滞胀期。不过俄乌冲突给欧元区的巨大冲击,使其通胀和经济压力比美国更大。因此当前欧洲通胀率高于美国,而预期通胀及实际GDP负增长,意味着市场认为欧元区2023年大概率步入衰退。美国相对欧元区经济韧性更强,明年存在软着陆的可能,但从周期来看也是朝着衰退的方向行进。 中国与欧美走出了完全不一样的周期。国内这两年一直维持着较低的CPI,今年主要是由于疫情反复导致复苏进程受阻,即使货币政策已经宽松,经济周期也被固定在衰退阶段,与欧美从过热到滞胀的周期完全错开。而到了明年,随着重新开放,经济周期上大概率会朝着复苏或过热阶段迈进。 不同的经济现状、地缘冲突、保护主义抬头……各国经济现状不尽相同,而去年的主线将会得到延续与演变,并将致使各国在2023年朝着不同方向发展。 1.1美国:通胀?衰退? 来源:老虎国际 根据我们基于多个经济增长与通胀预期指标独家构建的美国经济周期模型,美国自今年Q1以来进入滞胀期,而经济数据一致预期则指向明年美国会进入衰退期。不过,美联储的货币政策动向,显然会在资金成本预期上直接影响美国进入衰退期的速度与程度。 在连续四次加息75个基点之后,美联储主席","text":"高通胀环境下美联储超预期的货币政策紧缩,以及逆全球化趋势带来的以安全为核心的产业链重构,组成了2022年的投资主线。进入2023年,这两条主线的演变结合各大经济体的经济周期与产业发展,将形成新的投资逻辑与机会。 1.演变一:从经济周期看各大经济体 2000年以来,全球化使得“地球村”各国经济周期趋同。但这次疫情以来,逆全球化、地缘政治冲突和区域防疫保护等众多因素,使得国家间的经济活动、政策以及复苏进程形成了割裂,过去的经济周期同步性遭受冲击。 来源:彭博,老虎国际 欧美节奏是比较相近的,疫情后的大水漫灌,不仅带来了复苏,还带来了通胀。因此在2022年经济增速放缓后,通胀的高企将欧洲和美国双双带入了过热期,随后滑落到了滞胀期。不过俄乌冲突给欧元区的巨大冲击,使其通胀和经济压力比美国更大。因此当前欧洲通胀率高于美国,而预期通胀及实际GDP负增长,意味着市场认为欧元区2023年大概率步入衰退。美国相对欧元区经济韧性更强,明年存在软着陆的可能,但从周期来看也是朝着衰退的方向行进。 中国与欧美走出了完全不一样的周期。国内这两年一直维持着较低的CPI,今年主要是由于疫情反复导致复苏进程受阻,即使货币政策已经宽松,经济周期也被固定在衰退阶段,与欧美从过热到滞胀的周期完全错开。而到了明年,随着重新开放,经济周期上大概率会朝着复苏或过热阶段迈进。 不同的经济现状、地缘冲突、保护主义抬头……各国经济现状不尽相同,而去年的主线将会得到延续与演变,并将致使各国在2023年朝着不同方向发展。 1.1美国:通胀?衰退? 来源:老虎国际 根据我们基于多个经济增长与通胀预期指标独家构建的美国经济周期模型,美国自今年Q1以来进入滞胀期,而经济数据一致预期则指向明年美国会进入衰退期。不过,美联储的货币政策动向,显然会在资金成本预期上直接影响美国进入衰退期的速度与程度。 在连续四次加息75个基点之后,美联储主席","images":[{"img":"https://static.tigerbbs.com/66a8671695a944520f10e23ddcbeddde","width":"632","height":"224"},{"img":"https://static.tigerbbs.com/76cb71ff999dc49bb65c542e5a394146","width":"632","height":"316"},{"img":"https://static.tigerbbs.com/026391c3de3384cd8cca04d0d032a9d9","width":"632","height":"203"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/623219757","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":1,"comments":[],"imageCount":38,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":4345,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":623822685,"gmtCreate":1671202259647,"gmtModify":1671202261457,"author":{"id":"176683618527696","authorId":"176683618527696","name":"再三婉拒张天爱","avatar":"https://static.tigerbbs.com/b5992e2342b64a8c465dfcf6a46437df","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"176683618527696","authorIdStr":"176683618527696"},"themes":[],"htmlText":"这篇文章不错,转发给大家看看","listText":"这篇文章不错,转发给大家看看","text":"这篇文章不错,转发给大家看看","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/623822685","repostId":"623861555","repostType":1,"repost":{"id":623861555,"gmtCreate":1671194068478,"gmtModify":1744960871652,"author":{"id":"21347731130544","authorId":"21347731130544","name":"价值投资为王","avatar":"https://static.tigerbbs.com/89ffffc59ff9ac9cb9cb74f596418d44","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"21347731130544","authorIdStr":"21347731130544"},"themes":[],"title":"2023年,机构看好哪些港股?","htmlText":"看到一篇平安证券关于2023年港股预测的研报,逻辑缜密,值得学习。 首先,分析师对2022年港股的走势进行复盘,一个令人震惊的事实是恒生指数年内跌幅16.87%,小于纳斯达克的30.9%: 虽然在主要发达经济体中,恒生指数的跌幅算是大的,但英法德等国家的股市主要是old money,以金融、制造业为主,俗称价值股。而恒指和纳斯达克则以互联网等成长股为主,受美联储加息影响较大。 在历年港股走势中,恒指主要受内地经济、美元流动性和中美关系影响,内地经济决定港股盈利、美元流动性决定利率以及估值水平、中美关系影响港股的风险偏好环境,在过去的12年中,三个因子中有任意两个或两个以上的因子偏向正面则港股全年上涨,在这三个因子中任意两个或两个以上偏向负面则港股全年呈现下跌。 2022年,内地经济受地产行业下行、疫情肆虐消费承压、出口端海外需求减弱影响,PMI指数一直在景气分界线附近震荡。 美元流动性方面,受40年以来最严重的通货膨胀困扰,美联储不断加息,对全球资产价格产生压力。 中美关系方面,中概股审计监管风波、佩洛西窜台、《通胀削减法案》和《芯片技术法案》出台,在金融、科技和地缘政治上中美冲突加剧。 三因素叠加之下,港股自2021年2月中旬至2022年10月底的持续下跌时长已有20余月,持续时间超过了08年次贷危机以来的历次下跌周期。从下跌幅度来看,本轮港股下跌的最大幅度达到了53.19%,超过了2011年欧债危机、2015年A股股灾以及2018年中美贸易摩擦叠加内地“去杠杆”所带来的下跌周期,仅次于2008年次贷危机的那一轮下跌周期。 而展望2023年,三因素都有望迎来改善。 内地经济方面,疫情防控优化、地产扶持三支箭、《扩大内需战略规划纲要(2022-2035年)》出台,内地经济在多重政策支持下有望修复。 美元流动性方面,10月和11月美国CPI数据低于预期增强了全球市场对美国通胀","listText":"看到一篇平安证券关于2023年港股预测的研报,逻辑缜密,值得学习。 首先,分析师对2022年港股的走势进行复盘,一个令人震惊的事实是恒生指数年内跌幅16.87%,小于纳斯达克的30.9%: 虽然在主要发达经济体中,恒生指数的跌幅算是大的,但英法德等国家的股市主要是old money,以金融、制造业为主,俗称价值股。而恒指和纳斯达克则以互联网等成长股为主,受美联储加息影响较大。 在历年港股走势中,恒指主要受内地经济、美元流动性和中美关系影响,内地经济决定港股盈利、美元流动性决定利率以及估值水平、中美关系影响港股的风险偏好环境,在过去的12年中,三个因子中有任意两个或两个以上的因子偏向正面则港股全年上涨,在这三个因子中任意两个或两个以上偏向负面则港股全年呈现下跌。 2022年,内地经济受地产行业下行、疫情肆虐消费承压、出口端海外需求减弱影响,PMI指数一直在景气分界线附近震荡。 美元流动性方面,受40年以来最严重的通货膨胀困扰,美联储不断加息,对全球资产价格产生压力。 中美关系方面,中概股审计监管风波、佩洛西窜台、《通胀削减法案》和《芯片技术法案》出台,在金融、科技和地缘政治上中美冲突加剧。 三因素叠加之下,港股自2021年2月中旬至2022年10月底的持续下跌时长已有20余月,持续时间超过了08年次贷危机以来的历次下跌周期。从下跌幅度来看,本轮港股下跌的最大幅度达到了53.19%,超过了2011年欧债危机、2015年A股股灾以及2018年中美贸易摩擦叠加内地“去杠杆”所带来的下跌周期,仅次于2008年次贷危机的那一轮下跌周期。 而展望2023年,三因素都有望迎来改善。 内地经济方面,疫情防控优化、地产扶持三支箭、《扩大内需战略规划纲要(2022-2035年)》出台,内地经济在多重政策支持下有望修复。 美元流动性方面,10月和11月美国CPI数据低于预期增强了全球市场对美国通胀","text":"看到一篇平安证券关于2023年港股预测的研报,逻辑缜密,值得学习。 首先,分析师对2022年港股的走势进行复盘,一个令人震惊的事实是恒生指数年内跌幅16.87%,小于纳斯达克的30.9%: 虽然在主要发达经济体中,恒生指数的跌幅算是大的,但英法德等国家的股市主要是old money,以金融、制造业为主,俗称价值股。而恒指和纳斯达克则以互联网等成长股为主,受美联储加息影响较大。 在历年港股走势中,恒指主要受内地经济、美元流动性和中美关系影响,内地经济决定港股盈利、美元流动性决定利率以及估值水平、中美关系影响港股的风险偏好环境,在过去的12年中,三个因子中有任意两个或两个以上的因子偏向正面则港股全年上涨,在这三个因子中任意两个或两个以上偏向负面则港股全年呈现下跌。 2022年,内地经济受地产行业下行、疫情肆虐消费承压、出口端海外需求减弱影响,PMI指数一直在景气分界线附近震荡。 美元流动性方面,受40年以来最严重的通货膨胀困扰,美联储不断加息,对全球资产价格产生压力。 中美关系方面,中概股审计监管风波、佩洛西窜台、《通胀削减法案》和《芯片技术法案》出台,在金融、科技和地缘政治上中美冲突加剧。 三因素叠加之下,港股自2021年2月中旬至2022年10月底的持续下跌时长已有20余月,持续时间超过了08年次贷危机以来的历次下跌周期。从下跌幅度来看,本轮港股下跌的最大幅度达到了53.19%,超过了2011年欧债危机、2015年A股股灾以及2018年中美贸易摩擦叠加内地“去杠杆”所带来的下跌周期,仅次于2008年次贷危机的那一轮下跌周期。 而展望2023年,三因素都有望迎来改善。 内地经济方面,疫情防控优化、地产扶持三支箭、《扩大内需战略规划纲要(2022-2035年)》出台,内地经济在多重政策支持下有望修复。 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但是首日应该会涨一点"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":623271813,"gmtCreate":1671491402932,"gmtModify":1671491405199,"author":{"id":"176683618527696","authorId":"176683618527696","name":"再三婉拒张天爱","avatar":"https://static.tigerbbs.com/b5992e2342b64a8c465dfcf6a46437df","crmLevel":2,"crmLevelSwitch":1,"followedFlag":false,"idStr":"176683618527696","authorIdStr":"176683618527696"},"themes":[],"htmlText":"我看好港股市场和消费及资源板块,另外地产也是复苏的快捷键。这就如同海啸,总是突然退朝,然后浪头就过来了","listText":"我看好港股市场和消费及资源板块,另外地产也是复苏的快捷键。这就如同海啸,总是突然退朝,然后浪头就过来了","text":"我看好港股市场和消费及资源板块,另外地产也是复苏的快捷键。这就如同海啸,总是突然退朝,然后浪头就过来了","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/623271813","repostId":"623219757","repostType":1,"repost":{"id":623219757,"gmtCreate":1671438884480,"gmtModify":1744960871853,"author":{"id":"4125646752954172","authorId":"4125646752954172","name":"小虎资管","avatar":"https://static.tigerbbs.com/d8da3f07459c2d29a0886a158ed1bedf","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4125646752954172","authorIdStr":"4125646752954172"},"themes":[],"title":"老虎独家|2023年投资主线的演变","htmlText":"高通胀环境下美联储超预期的货币政策紧缩,以及逆全球化趋势带来的以安全为核心的产业链重构,组成了2022年的投资主线。进入2023年,这两条主线的演变结合各大经济体的经济周期与产业发展,将形成新的投资逻辑与机会。 1.演变一:从经济周期看各大经济体 2000年以来,全球化使得“地球村”各国经济周期趋同。但这次疫情以来,逆全球化、地缘政治冲突和区域防疫保护等众多因素,使得国家间的经济活动、政策以及复苏进程形成了割裂,过去的经济周期同步性遭受冲击。 来源:彭博,老虎国际 欧美节奏是比较相近的,疫情后的大水漫灌,不仅带来了复苏,还带来了通胀。因此在2022年经济增速放缓后,通胀的高企将欧洲和美国双双带入了过热期,随后滑落到了滞胀期。不过俄乌冲突给欧元区的巨大冲击,使其通胀和经济压力比美国更大。因此当前欧洲通胀率高于美国,而预期通胀及实际GDP负增长,意味着市场认为欧元区2023年大概率步入衰退。美国相对欧元区经济韧性更强,明年存在软着陆的可能,但从周期来看也是朝着衰退的方向行进。 中国与欧美走出了完全不一样的周期。国内这两年一直维持着较低的CPI,今年主要是由于疫情反复导致复苏进程受阻,即使货币政策已经宽松,经济周期也被固定在衰退阶段,与欧美从过热到滞胀的周期完全错开。而到了明年,随着重新开放,经济周期上大概率会朝着复苏或过热阶段迈进。 不同的经济现状、地缘冲突、保护主义抬头……各国经济现状不尽相同,而去年的主线将会得到延续与演变,并将致使各国在2023年朝着不同方向发展。 1.1美国:通胀?衰退? 来源:老虎国际 根据我们基于多个经济增长与通胀预期指标独家构建的美国经济周期模型,美国自今年Q1以来进入滞胀期,而经济数据一致预期则指向明年美国会进入衰退期。不过,美联储的货币政策动向,显然会在资金成本预期上直接影响美国进入衰退期的速度与程度。 在连续四次加息75个基点之后,美联储主席","listText":"高通胀环境下美联储超预期的货币政策紧缩,以及逆全球化趋势带来的以安全为核心的产业链重构,组成了2022年的投资主线。进入2023年,这两条主线的演变结合各大经济体的经济周期与产业发展,将形成新的投资逻辑与机会。 1.演变一:从经济周期看各大经济体 2000年以来,全球化使得“地球村”各国经济周期趋同。但这次疫情以来,逆全球化、地缘政治冲突和区域防疫保护等众多因素,使得国家间的经济活动、政策以及复苏进程形成了割裂,过去的经济周期同步性遭受冲击。 来源:彭博,老虎国际 欧美节奏是比较相近的,疫情后的大水漫灌,不仅带来了复苏,还带来了通胀。因此在2022年经济增速放缓后,通胀的高企将欧洲和美国双双带入了过热期,随后滑落到了滞胀期。不过俄乌冲突给欧元区的巨大冲击,使其通胀和经济压力比美国更大。因此当前欧洲通胀率高于美国,而预期通胀及实际GDP负增长,意味着市场认为欧元区2023年大概率步入衰退。美国相对欧元区经济韧性更强,明年存在软着陆的可能,但从周期来看也是朝着衰退的方向行进。 中国与欧美走出了完全不一样的周期。国内这两年一直维持着较低的CPI,今年主要是由于疫情反复导致复苏进程受阻,即使货币政策已经宽松,经济周期也被固定在衰退阶段,与欧美从过热到滞胀的周期完全错开。而到了明年,随着重新开放,经济周期上大概率会朝着复苏或过热阶段迈进。 不同的经济现状、地缘冲突、保护主义抬头……各国经济现状不尽相同,而去年的主线将会得到延续与演变,并将致使各国在2023年朝着不同方向发展。 1.1美国:通胀?衰退? 来源:老虎国际 根据我们基于多个经济增长与通胀预期指标独家构建的美国经济周期模型,美国自今年Q1以来进入滞胀期,而经济数据一致预期则指向明年美国会进入衰退期。不过,美联储的货币政策动向,显然会在资金成本预期上直接影响美国进入衰退期的速度与程度。 在连续四次加息75个基点之后,美联储主席","text":"高通胀环境下美联储超预期的货币政策紧缩,以及逆全球化趋势带来的以安全为核心的产业链重构,组成了2022年的投资主线。进入2023年,这两条主线的演变结合各大经济体的经济周期与产业发展,将形成新的投资逻辑与机会。 1.演变一:从经济周期看各大经济体 2000年以来,全球化使得“地球村”各国经济周期趋同。但这次疫情以来,逆全球化、地缘政治冲突和区域防疫保护等众多因素,使得国家间的经济活动、政策以及复苏进程形成了割裂,过去的经济周期同步性遭受冲击。 来源:彭博,老虎国际 欧美节奏是比较相近的,疫情后的大水漫灌,不仅带来了复苏,还带来了通胀。因此在2022年经济增速放缓后,通胀的高企将欧洲和美国双双带入了过热期,随后滑落到了滞胀期。不过俄乌冲突给欧元区的巨大冲击,使其通胀和经济压力比美国更大。因此当前欧洲通胀率高于美国,而预期通胀及实际GDP负增长,意味着市场认为欧元区2023年大概率步入衰退。美国相对欧元区经济韧性更强,明年存在软着陆的可能,但从周期来看也是朝着衰退的方向行进。 中国与欧美走出了完全不一样的周期。国内这两年一直维持着较低的CPI,今年主要是由于疫情反复导致复苏进程受阻,即使货币政策已经宽松,经济周期也被固定在衰退阶段,与欧美从过热到滞胀的周期完全错开。而到了明年,随着重新开放,经济周期上大概率会朝着复苏或过热阶段迈进。 不同的经济现状、地缘冲突、保护主义抬头……各国经济现状不尽相同,而去年的主线将会得到延续与演变,并将致使各国在2023年朝着不同方向发展。 1.1美国:通胀?衰退? 来源:老虎国际 根据我们基于多个经济增长与通胀预期指标独家构建的美国经济周期模型,美国自今年Q1以来进入滞胀期,而经济数据一致预期则指向明年美国会进入衰退期。不过,美联储的货币政策动向,显然会在资金成本预期上直接影响美国进入衰退期的速度与程度。 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