樂觀情緒和人工智慧炒作推動股市迎來歷史性季度

全球股市經歷了一個非凡的季度，摩根士丹利資本國際世界指數飆升 7.7%，創下五年來的最佳表現。圍繞美國經濟軟著陸的樂觀情緒和對人工智慧進步的興奮推動了這一漲勢。值得注意的是，標普 500 指數錄得五年來最強勁的第一季漲幅，上漲 10.2%，而道瓊指數則錄得 2021 年以來最強勁的表現，上漲 5.6%。

Stock Market Surges in Historic Quarter, Fueled by Optimism and AI Enthusiasm

在樂觀和人工智慧熱情的推動下，股市在歷史性季度飆升

The global stock market has witnessed an exceptional quarter, with the MSCI World Index soaring by 7.7%, marking its best performance in five years. This surge has been driven by hopes of a soft economic landing in the United States and the burgeoning enthusiasm surrounding artificial intelligence (AI).

全球股市經歷了一個不平凡的季度，摩根士丹利資本國際世界指數飆升7.7%，創下五年來的最佳表現。這一激增是由美國經濟軟著陸的希望以及圍繞人工智慧（AI）的熱情高漲所推動的。

S&P 500 and Dow Jones Post Strong Gains

標準普爾 500 指數和道瓊斯指數強勁上漲

In the United States, the S&P 500 Index has logged its best first-quarter performance since 2019, gaining an impressive 10.2%. The Dow Jones Industrial Average has also had its strongest first quarter since 2021, advancing by 5.6%. This momentum has been fueled by optimism about the economy and the performance of major corporations.

在美國，標普 500 指數錄得 2019 年以來最好的第一季表現，漲幅高達 10.2%。道瓊工業指數也出現了 2021 年以來最強勁的第一季表現，上漲 5.6%。對經濟和大公司績效的樂觀情緒推動了這一勢頭。

Tech Stocks Drive Nasdaq Higher

科技股推動那斯達克指數走高

The Nasdaq Composite Index has joined the rally, surging by 9.1% on the back of strong gains in technology stocks. Companies involved in AI, cloud computing, and semiconductors have been particularly successful, reflecting the growing importance of these technologies in the modern economy.

那斯達克指數也跟著漲勢，在科技股強勁上漲的推動下飆漲 9.1%。涉及人工智慧、雲端運算和半導體的公司尤其成功，反映出這些技術在現代經濟中日益重要。

Bitcoin and Cryptocurrency Sector Flourish

比特幣和加密貨幣產業蓬勃發展

The first quarter of 2024 has also witnessed a surge in the cryptocurrency sector, with Bitcoin and related stocks leading the way. The largest cryptocurrency by market capitalization has been on an unstoppable rally, driven by growing adoption and the launch of spot Bitcoin exchange-traded funds (ETFs).

2024 年第一季度，加密貨幣領域也出現了激增，其中比特幣和相關股票領漲。在比特幣現貨交易所交易基金（ETF）的不斷普及和推出的推動下，市值最大的加密貨幣一直在不可阻擋地上漲。

Energy Sector Leads Gains in March

能源板塊三月領漲

The energy sector has also performed well in March, with oil prices rising due to supply concerns and geopolitical tensions. This increase has benefited energy companies and ETFs that track the sector.

能源產業3月也表現良好，由於供應擔憂和地緣政治緊張局勢，油價上漲。這一增長使追蹤該行業的能源公司和 ETF 受益。

Gold Regains Luster Amidst Economic Uncertainty

Gold has regained its allure as a safe haven asset due to expectations of upcoming U.S. interest rate reductions. The precious metal has traditionally been seen as a reliable store of value during periods of economic uncertainty, and the upcoming U.S. presidential election and conflicts in Ukraine and Gaza have heightened its appeal. Silver and other precious metals have also gained in value.

由於美國即將降息的預期，黃金重新恢復了作為避險資產的吸引力。傳統上，貴金屬在經濟不確定時期被視為可靠的保值手段，即將到來的美國總統大選以及烏克蘭和加薩的衝突增強了其吸引力。白銀和其他貴金屬也升值。

Cocoa Prices Skyrocket Due to Supply Shortages

供應短缺導致可可價格飆升

In agricultural commodities, cocoa prices have more than doubled in just three months, skyrocketing to $10,000 a ton from $3,000 a ton at the start of the year. This surge is attributed to supply shortages caused by three consecutive years of poor harvests in West Africa.

在農產品方面，可可價格在短短三個月內上漲了一倍多，從年初的每噸 3,000 美元飆升至每噸 10,000 美元。這一激增歸因於西非連續三年歉收造成供應短缺。

Three Standout ETFs from the First Quarter

第一季三隻表現出色的 ETF

Given the divergent performances of different sectors and asset classes, we have identified three ETFs that have been among the best and worst performers in the first quarter of 2024:

鑑於不同行業和資產類別的表現存在差異，我們確定了 2024 年第一季表現最佳和最差的三隻 ETF：

Best ETFs

最佳ETF

1. Bitcoin - Grayscale Bitcoin Trust (GBTC): Up 92.5%
2. Roundhill Cannabis ETF (WEED): Up 45.1%
3. VanEck Vectors Semiconductor ETF (SMH): Up 28.7%

Worst ETFs

比特幣 - Grayscale Bitcoin Trust (GBTC)：上漲 92.5% Roundhill Cannabis ETF (WEED)：上漲 45.1% VanEck Vectors Semiconductor ETF (SMH)：上漲 28.7% 最糟糕 ETF

1. United States Natural Gas Fund (UNG): Down 28.2%
2. Invesco WilderHill Clean Energy ETF (PBW): Down 21.9%
3. Lithium - Sprott Lithium Miners ETF (LITP): Down 20.7%

Conclusion

美國天然氣基金 (UNG)：下跌 28.2% Invesco WilderHill 清潔能源 ETF (PBW)：下跌 21.9% 鋰 - Sprott 鋰礦 ETF (LITP)：下跌 20.7% 結論

The first quarter of 2024 has been a rollercoaster for global stock markets. While some sectors and asset classes have thrived, others have faced challenges. The strong performance of Bitcoin, technology stocks, and energy stocks has been particularly notable, reflecting the changing dynamics of the economy and the growing importance of AI and digital assets. Investors should continue to monitor geopolitical events and economic data to make informed decisions about their portfolios in the coming months.

2024 年第一季全球股市經歷了過山車般的波動。雖然一些行業和資產類別蓬勃發展，但其他行業和資產類別卻面臨挑戰。比特幣、科技股和能源股的強勁表現尤其引人注目，反映出經濟動態的變化以及人工智慧和數位資產日益增長的重要性。投資人應繼續監控地緣政治事件和經濟數據，以便在未來幾個月內對其投資組合做出明智的決定。