Name: 策略師：美股面臨 "波濤洶湧 "的局面。 (U.S. stocks face 'rough and choppy waters': strategist)
Uploaded: 2020-12-04T18:15:53.000Z
Duration: 4 min 56 s

we have the NASDAQ at a record high, and the S and P is trying to make a new high.

我們的納斯達克指數創下歷史新高，而S和P指數正試圖創造新高。

Well, let's talk about the markets with Aryan Bogdani.

好吧，讓我們和Aryan Bogdani談談市場。

He's the investment strategist at MV Financial.

他是MV金融公司的投資策略師。

So Aryan What is driving the market sentiment today?

那麼，雅然是什麼原因推動了今天的市場行情呢？

I would say it's it's more of this optimistic narrative you've seen for the last couple of weeks with the vaccine news People seeing this light at the end of the tunnel type mentality for co vid markets are looking far ahead thinking, you know, trying to get in trying to get in before you know the markets really take off and economies around the world recover.

我想說的是，這是更多的這種樂觀的敘事，你已經看到了過去幾周的疫苗新聞，人們看到了這種光在隧道盡頭類型的心態，共同視頻市場正在尋找遠景，你知道，試圖進入試圖進入之前，你知道市場真的起飛和世界各地的經濟復甦。

I think you're seeing different positive, upbeat news markets like Janet Yellen.

我認為你看到的是不同的積極、樂觀的消息市場，比如珍妮特-耶倫。

You know, markets are liking the decline in unemployment numbers, but still, it's all part of this big optimism trade around vaccines.

你知道，市場很喜歡失業人數的下降，但這仍然是圍繞疫苗的大樂觀交易的一部分。

And I'm wondering, what do you make of the recent market action?

而我想知道，你對近期的市場走勢怎麼看？

I mean, because we've seen just seeing small moves in a small move yesterday.

我的意思是，因為我們已經看到只是看到小動作，在昨天的一個小動作。

我們今天看到的是一個小動作。

What does that tell you about, um, how investors are feeling?

這說明了什麼，嗯，投資者的感覺如何？

是的，我認為這是一個偉大的問題。

You're seeing the kind of, you know, regular market movement day to day, right yesterday we started off a little, little flat negative.

你看到的是那種，你知道的，規律性的市場運動日復一日，就在昨天，我們開始的時候，有點，有點平陰。

You know, investors take stock, they take a breather.

你知道的，投資人要盤點，要喘息。

So you're going to see that kind of, uh, interplay back and forth until we really start to see more and more money coming off the sidelines.

所以，你會看到那種，呃，來回的互動，直到我們真正開始看到越來越多的錢從邊線上走出來。

You'll see days where we have these bigger, protracted runups or maybe even the other way shortly.

你會看到我們有這些更大的、長期的運行的日子，甚至可能很快就會有另一種方式。

But you'll see kind of more inching movement throughout the end of the year.

但你會看到種更多的寸動在整個年底。

I know you are buying or you or your firm buying equities again.

我知道你在買或你或你的公司再買股票。

So tell me, where are you putting that money to work?

那麼告訴我，你把這些錢用在哪裡？

We started this year pretty conservatively.

We didn't see the cove, it scenario playing out.

我們沒有看到小灣，它的情景在上演。

We took opportunities where we could to really become defensive, uh, today or for last month, two months, we've been taking opportunity to buy back into sectors of the market that we were not a part of at the being of the year small midcaps were looking at international and emerging markets as well in targeted, targeted sectors of those markets to buy back in for a long term play.

我們抓住了機會，我們可以真正成為防禦性的，呃，今天或上個月，兩個月，我們一直在利用機會買回市場的部門，我們不是一個部分，在今年的小中型企業正在尋找國際和新興市場，以及在有針對性的，有針對性的部門，這些市場買回一個長期的發揮。

We think there will be rough and choppy waters ahead until we get back to this normal that everyone is looking for.

我們認為，在回到這個大家都在尋找的正常狀態之前，未來會有波瀾不驚的局面。

But we think that you have to position yourself for the long term, and that's why we're starting to ramp up our exposure again.

但我們認為，你必須為自己的長期定位，這也是為什麼我們又開始加大曝光率的原因。

And I know you're cautiously optimistic on equities.

我知道你對股票持謹慎樂觀態度。

So what would it take to move you either way, either more optimistic or less optimistic?

那麼，無論是哪種方式，要麼更樂觀，要麼更不樂觀，都會讓你感動？

Well, so when I say cautiously optimistic, I think we're optimistic, Uh, intermediate.

好吧，所以當我說謹慎樂觀， 我認為我們是樂觀的，呃，中間。

It's the short term that worries us, And I think when we tell our clients, Ah, lot of investors are forgetting that there is still a timeframe before vaccines are distributed before people are back to the world is back exactly the way it was still going to see pain, play out in the economic numbers and potentially shocked the market.

這是短期的擔心，我認為當我們告訴我們的客戶，啊，很多投資者都忘記了，還有一個時間框架之前，疫苗分發之前，人們回到世界是回到完全的方式，它仍然會看到疼痛，發揮在經濟數字和潛在的衝擊市場。

And then we're gonna see volatility because volatilities not just downside also upside.

然後我們會看到波動性，因為波動性不僅是下行也是上行。

So we think that from here to there there will be, uh, you know, mawr moments of, uh, like I said, rough and choppy waters.

所以我們認為，從這裡到那裡，會有，呃，你知道的，呃，像我說的，波濤洶湧的時刻。

So that's where my cautious Lee optimistic sentiment comes in.

所以這就是我謹慎李樂觀的情緒所在。

As long as we understand that we're positioned for the long term from here to there, there will be some some challenges ahead of us if you think about Cove it.

只要我們明白，我們的定位是長期的，從這裡到那裡，會有一些一些挑戰，如果你考慮到Cove它。

And so is there any sector given that scenario?

那麼，在這種情況下，是否有任何部門給出的方案呢？

Is there any sector that you just are just just going to stay away from?

有沒有什麼部門，你就是要遠離的呢？

Until you get a clear picture of the both the economic landscape and the I guess, the Covic landscape.

直到你對經濟格局和我猜想的科威格局都有了清晰的認識。

I don't think there's any specific sector that were totally hands off on.

我不認為有什麼具體的部門是完全放手的。

I think we're looking mawr, uh, holistically.

You know, we don't wanna buy into companies that are too expensive.

你知道，我們不想購買太貴的公司。

We don't wanna buy into things that are too speculative.

Um, you know, companies that will continue to be challenged by the cove in such post cove it environment are ones that we will be staying away from.

嗯，你知道，在這樣的後cove it環境下，會繼續受到cove挑戰的公司，我們會遠離。

Obviously, we were sticking to the fixed income side.

很顯然，我們是堅持固定收益方面。

That's become very unattractive in many ways, But that's not somewhere we want to start to chase yield that.

這在很多方面都變得很不吸引人，但這不是我們想要開始追逐產量的地方。

I know a lot of people do that and take more risky bets.

我知道很多人都是這樣做的，並且採取更多的風險投注。

That's something we'll definitely stay away from.

We're looking at fixed income as solely a capital preservation play and and really, uh, mawr of the same.

我們把固定收益看成是單純的保本玩法，而且真的，呃，毛毛雨一樣。

I think it's really important that investors take stock of the whole market and don't get too fixated or get too bogged down in one sector.

我認為，投資者對整個市場進行盤點真的很重要，不要過於執著，也不要過於糾結於某一個行業。

That that that would be what I what I'm thinking at this at this moment.

那這將是我什麼我此刻的想法。

 I'm Conway G kittens, and this is Reuters. 

我是康威G小貓，這裡是路透社。

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策略師：美股面臨 "波濤洶湧 "的局面。 (U.S. stocks face 'rough and choppy waters': strategist)

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