Equity investors have been rudely awakened from their bullish slumber. Having risen 50 per cent over the two previous years without any meaningful setback, global equities fell 8 per cent in a week. Volatility has risen sharply, with the Vix index up fourfold. Tactical indicators were looking stretched in January, suggesting a correction was overdue, but now investors want to know what to do next. Is this just another bull market setback, or does it represent the beginning of something more sinister?
沉浸在牛市美梦中的股票投资者已经被粗暴地叫醒。过去两年在没有遭受任何实质性挫折的情况下上涨50%以后,manbetx app苹果 股市在一周之内下跌8%。波动性已大幅上升,Vix指数飙升3倍。今年1月,策略性指标看上去有些紧张,暗示调整早该到来,但如今,投资者希望知道下一步怎么办。这只是牛市中的又一次挫折,还是为更危险的前景拉开了序幕?