2023年下半年投资策略报告

招商基金投资策略报告 2023 年·下半年 股票报告网整理http://www.nxny.com 1 目 录 1 宏观经济环境··················································································································· 2 1.1 国内市场 ····················································································································································2 1.2 海外市场 ····················································································································································3 1.2.1 美国 ····················································································································································3 1.2.2 其他国家与地区 ································································································································4 2 大类资产观点··················································································································· 5 2.1 A 股 ··························································································································································5 2.1.1 回顾展望 ·········································································································································5 2.1.2 投资策略 ·········································································································································6 2.2 债券 ·························································································································································9 2.2.1 债券市场回顾展望 ·························································································································9 2.2.2 债券市场投资策略 ······················································································································ 11 2.2.3 可转债市场回顾展望与投资策略 ······························································································ 13 2.3 港股 ······················································································································································ 14 2.3.1 回顾展望 ······································································································································ 14 2.3.2 投资策略 ······································································································································ 15 2.4 美股 ······················································································································································ 15 2.5 原油 ······················································································································································ 16 2.6 黄金 ······················································································································································ 17 2.7 汇率 ·································································································