观点美国股市

US retail investors: losing their animal spirits
Lex专栏:美国散户失去“动物精神”

Equity markets have rallied strongly in the first half of the year, but maintaining momentum could be a struggle
今年上半年大幅上升的美国股市,可能难以在下半年延续涨势。与此同时,银行存款和货币市场基金如今提供较高的收益率。

Once bitten, twice shy? Retail investors who got burnt by the bear market in 2022 are sitting out the sharp rally in US equities this year. The Nasdaq Composite has gained more than 20 per cent since the start of January. Elsewhere, the S&P 500 has bounced back from March’s banking turmoil to trade up 9 per cent for the period.

一朝被蛇咬,十年怕井绳?在2022年熊市期间亏损的散户投资者,在美国股市今年大幅上升之际基本上坐在场边观望。自1月初以来,纳斯达克综合指数(Nasdaq Composite)攀升逾20%,而标普500指数(S&P 500)已从3月的银行业动荡恢复元气,同期上升9%。

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