Haitong International chief economist Zhang Yidong said on J
文 / 小金
2026-07-08 12:30:04
来源:亚金网
Haitong International chief economist Zhang Yidong said on July 8 that late‑June Fed commentary lifted rate‑hike expectations and strengthened the dollar, while end‑1H portfolio rebalancing and Meta’s compute announcement sparked demand worries — together triggering a sharp early‑July selloff in global AI/tech stocks. He said the correction has not yet fully run and needs time to de‑risk: markets have not fully priced in a stronger dollar, sticky inflation and tighter Fed policy, and micro‑liquidity strains — overcrowded AI positioning and funding pressure on AI equities and credit — require time to unwind. After an initial large decline, some pressure from the dollar, oil/inflation and micro crowding has been partly relieved but not digested; Zhang expects the AI move to shift from a plunge to a choppy, differentiated downtrend with short‑term strength in consumer and high‑dividend assets, and a potential renewed AI uptrend once pressures ease further.
