交易员正大量做空欧美股市
花旗集团策略师表示,交易员正在大量做空美国和欧洲股市,他们对股市的情绪正变得更加悲观。以Chris Montagu为首的策略师表示,在上周“明显更加看空”的波动中,交易员增加了近30亿美元的标普500指数期货空头头寸,同时从交易所交易基金(ETF)中净撤资了51亿美元。此外,欧洲斯托克50指数的空头头寸也增加了两倍。
花旗策略师们表示,总体头寸仍然“适度乐观”,这表明,如果资金流入势头加快,押注市场低迷的头寸可能会增加。他们表示,另一方面,目前的情况也可能表明,投资者“不相信近期的熊市转向”。
Chris Montagu表示:“目前净多头仓位为正,但已经减少,这表明市场人气和信心正开始转变。”“从我们的模型来看,我们无法判断这是一个新趋势的开始,还是仅此一次。”

美国和欧洲股市在2023年初大幅上涨后,在上周都创下了今年以来的最大五日跌幅,原因是通胀顽固的迹象加剧了人们对各大央行坚持鹰派立场的担忧。摩根士丹利知名空头Michael Wilson以及其他市场策略师也警告称,由于业绩不佳和估值过高,3月份股市将面临压力;摩根大通策略师周一也表示,股市的风险回报仍然很低。
不过,汇丰银行的策略师Max Kettner则表示,由于经济增长有弹性,而且加息预期已被消化,他认为股市缓解性上涨的可能性更大。不过,他同时建议进行股票对冲,包括较便宜的价值股或对利率不敏感的防御类股。
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