Silver the fundamentals of the stock market are worse than the economy-splitit

Bank of America: stock market fundamentals are worse than economic U.S. stock market center: exclusive national industry sector stocks, premarket after hours, ETF, real-time quotes Sina warrants stocks Beijing time 18 days: Bank of America Merrill Lynch believes that the economic future of the United States within twelve months of the recession may have 25%, but they also pointed out that from the point of view of the performance of the stock market, investors have the possibility of recession is 50%. The company said in the Research Report: "in our view, this is not just fear over the fundamentals, but should say that the fundamentals of the stock market is much worse than the economic fundamentals."." They cut their expected rate of increase in the Fed, saying, "we believe," step by step "should now mean two times, not three or four rates". The bank also lowered its dollar exchange rate expectations — they currently believe that the dollar against the euro exchange rate will reach 1 to 1 at the end of this year, and is expected by the end of 1 before the euro 95 cents; dollar against the yen exchange rate at the end of the year will be 1 dollar to 110 yen, rather than the previous forecast of 120 yen. They cut the ten year Treasury yield target from 2.65% to 2% at the end of the year. The U.S. stock market has fallen sharply this year, mainly due to recession fears and plummeting oil prices on investor sentiment. Since the market confidence has overwhelmed the Dow Jones Industrial Average and the standard & Poor’s 500 index year have dropped by about 6%, while the Nasdaq composite index fell more than 10%. On Wednesday, the Dow and the S & P 500 index this year ushered in the first three rising market. BofA also believes that the Fed has a 40% possibility to stop raising interest rates or even cut interest rates by the end of 2016. Unfortunately, the Fed will not easily surrender unless there are clear signs of financial tension or clear evidence that growth is much less than potential." (Zi Jin) editor in chief: Li Wu SF053

美银:股市基本面比经济还可怕 美股行情中心:独家提供全美股行业板块、盘前盘后、ETF、权证实时行情   新浪美股北京时间18日讯 美国银行美林认为,美国经济未来十二个月内发生衰退的可能性有25%,但是他们同时指出,从股市的表现看来,投资者心中的衰退可能性却有50%。   该公司在研究报告当中表示:“在我们看来,这已经不单单是恐惧压倒基本面了,而是应该说,股市的基本面要比经济基本面还糟糕得多。”   他们调降了自己预期中的联储加息次数,称“我们相信,‘循序渐进’现在应该是意味着两次,而非三次或者四次加息”。   美银还调降了美元汇率预期——他们目前认为,美元对欧元汇率将在今年年底达到1比1,而之前的预期是年底1欧元兑换95美分;美元对日元汇率年底时将为1美元兑换110日元,而非之前预计的120日元。他们并将年底时的十年期国债收益率目标从2.65%调降至2%。   美国股市今年急剧下跌,这主要应该归因于衰退恐惧和暴跌油价对投资者情绪的影响。 市场信心已经不堪重负   道琼斯工业平均指数和标准普尔500指数开年以来都下跌了大约6%,纳斯达克综合指数下跌超过10%。周三,道指和标普500指数都迎来了今年以来第一次三连涨行情。   美银还认为,联储有40%可能性在2016年年底前不得不停止加息,甚至是降息。“遗憾的是,除非出现重大金融紧张迹象,或者是增长大大低于潜力的清楚证据,联储是不会轻易投降的。”(子衿) 责任编辑:李兀 SF053相关的主题文章: