20250403-中泰期货-晨会纪要_9页_704kb

Since Donald Trump's implementation of the "equal tariffs" policy, the global market is facing heightened uncertainty, particularly in international trade dynamics and China-U.S. relations. The addition of a minimum benchmark tariff and higher targeted tariffs reflects aggressive moves by the U.S. government to mitigate its trade deficit. The overall market sentiment is cautious, with investment decisions focused on risk management and macroeconomic hedging. Expectations for sustained policy uncertainty and potential shifts in the economic outlook will drive market trends. Position adjustments will align with the prevailing risks and opportunities, emphasizing a defensive posture in volatile conditions.

The ongoing market restructuring reflects a cautious stance informed by multiple factors, including U.S. tariff escalation and liquidity management. A notable trend is the institutionalization and subsequent potential reversal in government bond prices, characteristic of a market maturing in its approach to fluctuations. Various sector forecasts highlight supply-demand imbalances in logistics and trucking, offering specific near-term trading signals for investors to monitor closely.