内德·戴维斯（Ned Davis）研究说

根据内德·戴维斯（Ned Davis）的研究，投资者应偏爱增长股票，而不是价值股票，因为正常股票回报了市场。 CBOE波动率指数（VIX）周四在17左右交易，远低于4月7日的60.13峰值。加剧的贸易紧张局势在4月初和标准普尔500指数中飙升，投资者担心更高的关税会给经济带来衰退。从那以后，唐纳德·特朗普总统在4月2日宣布的许多税款时，股票急剧恢复。标准普尔500指数比2月份的历史最高率低约3％。 .SPX YTD Mountain SPX在2025年随着这些变化，内德·戴维斯（Ned Davis）认为，增长股票（以期望在几年内实现强劲的收入增长的期望）应该在投资者投资组合中更加突出。 “We are moving 5% from bonds to stocks in our US asset allocation recommendation, bringing the weights to 60% stocks (5% overweight), 30% bonds (5% underweight), and 10% cash (marketweight). We are also shifting our style recommendation from neutral to favoring Growth over Value,” Ed Clissold, the Ned Davis chief US strategist, wrote in a note Wednesday.他补充说：“在今年年初，倾向于被归类为增长的MAG 7股票面临较慢的收入增长和高估。校正消除了MAG 7的相对高估。”大多数“宏伟的七个”股票处于关税恐慌高峰期的压力。从那以后，大多数人都进行了强劲的篮板。 Take a look at the group's performance since April 2. Nvidia : +29% Meta Platforms : +18% Amazon : +6% Alphabet : +7% Apple : +9% Tesla : +17% Microsoft : +21% Still, Clissold warned: “One Truth Social post could change how investors feel (toward) risk-on and riskoff assets. The NDR Daily Trading Sentiment Composite, which is in the US (Asset Allocation) Model,是中立的，但接近其过度的乐观区。