周三强劲的市场内部走势

自选举以来上涨与下跌的比例+7:1成为最强劲的跨度偏差。

尽管风险偏好稳定，但落后行业领先

虽然Beta和小盘股表现不俗，但昨天的市场表现基本由落后行业主导（例如，REIT（房地产投资信托），公共事业）。

​

对高收益率反应积极…需要空头回补吗？

高收益率走势反弹，为自11月以来表现最好的一天。

汽车行业持续表现不凡

全球汽车行业表现依旧稳定。比起汽车零售行业，我们更偏爱持有汽车零件和制造行业股票。

亚洲股票表现依旧令人印象深刻

来自韩国，恒生（香港），印度尼西亚，新加坡，印度以及上海的股票上涨。

2017落后行业主导昨天美联储决策后的反弹

空头回补

汽车行业领引股票持续变化

亚洲市场持续表现不凡

5 Quick Takeaways From Yesterday's Action

Strong Internals On Wednesday

+7:1 advancers vs. decliners marks the strongest breadth skew since the election.

Laggards Lead, Though Risk Appetite Was Firm

Yesterday’s performance was primarily lead by laggards (e.g. REITs, Utilities), though Beta and Small-Caps did outperform.

Positive Response For High Yield… Short Covering?

High Yield rallied and posted its best day since November.

Autos Continue To Act Well

Global Autos continue to firm.  We prefer owning Auto Parts and Manufacturers vs. Auto Retail.

Asian Equities Remain Impressive

Fresh breakouts for Korea, Hang Seng, Indonesia, Singapore, India and Shanghai.

这篇文章已被翻译成中文。原英文作者Strategas Research Partners。如英文版本和中文版本之间有任何不一致，以英文版本为准。该文章中的分析仅为提供信息，不是也不应该被视为推销或招揽购买任何证券。文章中讨论的一般市场活动、行业或领域趋势、或其它基于广泛的经济或政治条件的内容，不应被解释为研究结果或投资建议。讨论中提及包括的特定证券、商品、货币、或其它产品均不构成IB推荐购买，出售或持有此类投资的建议。本材料不是也不意图针对个别客户的特定财务条件、投资目标或要求。在根据本材料采取行动之前，您应该考虑是否适合您的具体情况，并在必要时寻求专业建议。

The analysis in this article is provided for information only and is not and should not be construed as an offer to sell or the solicitation of an offer to buy any security. To the extent that this material discusses general market activity, industry or sector trends or other broad-based economic or political conditions, it should not be construed as research or investment advice. To the extent that it includes references to specific securities, commodities, currencies, or other instruments, those references do not constitute a recommendation by IB to buy, sell or hold such investments. This material does not and is not intended to take into account the particular financial conditions, investment objectives or requirements of individual customers. Before acting on this material, you should consider whether it is suitable for your particular circumstances and, as necessary, seek professional advice.