湯姆·李說

根據Fundstrat的研究負責人湯姆·李（Tom Lee）的說法，今年四月在股票市場的強勁反彈似乎很可能。

Optimism for a sharp rebound in the stock market this April seems highly likely, according to Fundstrat’s head of research, Tom Lee.

根據Fundstrat的研究負責人湯姆·李（Tom Lee）的說法，對今年四月在股票市場的急劇反彈的樂觀情緒似乎很可能。

Speaking in a recent interview, he pointed to historical trends that suggest a swift recovery is on the horizon.

他在最近的一次採訪中指出，歷史趨勢表明快速恢復即將來臨。

One observation Lee highlighted was past market behavior, particularly events in early 2018. That period saw a sudden rise in the VIX (volatility index) and a stock market decline, likely fueled by a drop in investor sentiment and confidence.

李（Lee）強調的一項觀察是過去的市場行為，尤其是2018年初的事件。該時期的VIX（波動性指數）突然上升，股市下跌，可能導致投資者的情緒和信心下降。

However, despite the pessimistic outlook, the market quickly bounced back, a pattern Lee believes is unfolding again now.

然而，儘管有悲觀的前景，市場很快就反彈了，李的模式認為現在正在發生。

He also noted that a significant amount of cash—around $850 billion—has been moved into money market funds over the last year. In previous cycles, such large cash reserves have often flowed back into equities, fueling rallies.

他還指出，在過去的一年中，大量現金（8500億美元）已轉移到貨幣市場基金中。在以前的周期中，如此大的現金儲備經常流回股票，加劇了集會。

Looking further into the year, he referenced past tax reforms that helped drive stock gains in 2017, suggesting that similar economic catalysts could support a bullish trend.

在這一年中，他提到了過去的稅收改革，這有助於在2017年推動股票收益，這表明類似的經濟催化劑可以支持看漲的趨勢。

With much of the recent panic already playing out, Lee is confident that stocks will regain strength in early April. He sees the conditions as ripe for a V-shaped recovery—a pattern where markets rapidly reverse from losses to strong gains.

隨著最近的大部分恐慌已經發揮，李充滿信心，股票將在4月初恢復實力。他認為條件是V形恢復的成熟，這種模式從損失迅速逆轉到強勁的收益。

The downturn earlier this month, which impacted both stocks and crypto, followed Donald Trump’s announcement of tariffs and his reluctance to dismiss the possibility of a recession.

在唐納德·特朗普（Donald Trump）宣布關稅之後，本月早些時候影響了股票和加密貨幣的低迷，他不願駁斥衰退的可能性。

However, if history repeats itself, Lee believes the market could be on the verge of a sharp turnaround.

但是，如果歷史重演，李認為市場可能處於急劇狀況的邊緣。