Huatai Securities: The US dollar and oil prices are stronger than expected this year, and global liquidity easing is below expectations.

Summary: Huatai Securities research report points out that the conflict in the Middle East has gone beyond short-term impact, leading to disruptions in funds and supply chains. Even if the situation improves, market allocation strategies will differ from those in spring. It is expected that the US dollar and oil prices will outperform expectations, and attention should be paid to material shortages and supply chain risks, maintaining a cautious attitude toward market volatility.
According to Gate News, on April 6, Huatai Securities research report states that the current duration of the Middle East conflict and its impact on global supply and demand have exceeded the scope of "temporary" shocks, causing substantial disruptions in funds and supply in some areas. Even if the situation improves later, the market allocation approach after April will differ from the spring turbulence period.
The report indicates that the US dollar and oil prices are performing better than expected this year, and global liquidity easing is lower than anticipated, which also limits valuation upside potential. The market may experience a psychological shift from tracking news statements to a more fundamental focus, paying more attention to material shortages, supply chain, and cash flow risks.
Huatai Securities believes that a certain degree of reverence for market volatility is necessary. #Gate广场四月发帖挑战