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cover of episode After Ugly Reversal, Market Looks to Delta Earnings

After Ugly Reversal, Market Looks to Delta Earnings

2025/4/9
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Schwab Market Update Audio
AI Deep Dive AI Chapters Transcript
People
C
Colin Martin
无可用信息。
K
Keith Lansford
N
Nathan Peterson
Topics
Keith Lansford: 我是凯斯·兰斯福德，这是4月9日星期三的市场早报。周二股市经历了剧烈波动，从早盘上涨到尾盘下跌，这反映了特朗普总统贸易战缺乏进展以及美国高额关税生效的事实。周二早间一些积极的消息曾引发希望，但午后没有新的消息出现，看起来中国尚未准备好谈判。特朗普拒绝了欧洲提出的解决贸易争端的方案，这使得各类型企业面临不确定性，市场可能因此持续动荡。达美航空开启了财报季，航空业在关税消息之前就经历了艰难的第一个季度，预计会有更多坏消息传来。星座品牌公司（Constellation Brands）的财报也值得关注，其进口的酒类产品处于贸易战的前线。大型银行的财报将于周五公布，这将提供对整体经济以及高管对新贸易政策看法的洞察。鉴于不确定性，公司可能不愿提供业绩指引，但值得关注的是否会有公司宣布新的股票回购或削减增长预期和股息。银行可能增加贷款损失准备金，因为对信贷的担忧正在上升。本周其他值得关注的事件包括美联储会议纪要、3月份消费者物价指数（CPI）以及密歇根大学消费者信心指数。美联储3月中旬的会议纪要可能阐明当时更新的经济和利率预测背后的想法。芝加哥期权交易所波动率指数（VIX）的波动反映了市场的不确定性。美联储5月份降息的可能性已上升至近50%。大部分美国国债收益率接近关税公告前的水平，10年期美国国债收益率基本持平于4月1日的收盘价，并回升至4.2%以上。道琼斯工业平均指数周二下跌320.01点，标普500指数下跌79.48点，纳斯达克综合指数下跌335.35点。 Colin Martin: 上周股市下跌后的反弹可能源于对与其他国家达成贸易协议的乐观预期，但预计未来波动性较大，关税将减缓经济增长并推高通胀，这对投资者来说并非好结果。与所有征收高额关税的国家达成协议可能需要很长时间，任何积极或消极的更新都可能导致收益率大幅波动。高收益债券利差已扩大至长期平均水平，表明投资者担心在如此不确定的前景下承担过多的风险。如果关税仍然存在，考虑到高关税可能对经济增长的损害，利差可能会进一步扩大。周二能源、非必需消费品和材料类股票大幅下跌。 Nathan Peterson: 周一隔夜期货交易中市场处于严重超卖状态，导致昨日开始出现技术性反弹，随后出现逆转，这本质上是熊市行为。由于关税谈判尚未取得任何真正积极的进展，市场正在消化一种结果，即关税税率与特朗普上周宣布的税率相比没有变化。

Deep Dive

Chapters
Tuesday's market experienced a dramatic reversal, shifting from early gains to late losses due to the lack of progress in President Trump's trade war and the implementation of heavy U.S. tariffs on imports from China. Hopes were initially raised by positive headlines, but the absence of further news led to a sell-off.
  • Dramatic market reversal from early gains to late losses
  • Lack of progress in President Trump's trade war
  • Heavy U.S. tariffs on imports from China take effect

Shownotes Transcript

Yesterday's reversal from early gains to late losses was one of the most dramatic in history, and now investors await Delta Air Lines and Consellation earnings. CPI looms tomorrow.

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