Past performance may be no guide to future results. Still, there is something about impending US rate cuts that compels investors to pull out their almanacs and adages. These suggest that most asset classes should benefit if easier monetary policy boosts the US economy — as rallying US stocks and bonds seem to expect. The dollar’s weakness, though, provides a potential twist.
過往表現或許無法預示未來。然而,即將到來的美國降息具有某種特殊性,促使投資者翻開各自的年鑒和格言。這些資料似乎表明,如果更為寬松的貨幣政策能夠提振美國經濟——就像美國股市和債市近期上漲所預期的那樣——大多數資產類別應該受益。然而,美元弱勢帶來潛在復雜性。
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