乐观情绪和人工智能炒作推动股市迎来历史性季度

全球股市经历了一个非凡的季度，摩根士丹利资本国际世界指数飙升 7.7%，创下五年来的最佳表现。围绕美国经济软着陆的乐观情绪和对人工智能进步的兴奋推动了这一涨势。值得注意的是，标准普尔 500 指数录得五年来最强劲的第一季度涨幅，上涨 10.2%，而道琼斯指数则录得 2021 年以来最强劲的表现，上涨 5.6%。

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

在乐观和人工智能热情的推动下，股市在历史性季度飙升

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).

全球股市经历了一个不平凡的季度，摩根士丹利资本国际世界指数飙升7.7%，创下五年来的最佳表现。这一激增是由美国经济软着陆的希望以及围绕人工智能（AI）的热情高涨所推动的。

S&P 500 and Dow Jones Post Strong Gains

标准普尔 500 指数和道琼斯指数强劲上涨

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.

在美国，标准普尔 500 指数录得 2019 年以来最好的第一季度表现，涨幅高达 10.2%。道琼斯工业平均指数也出现了 2021 年以来最强劲的第一季度表现，上涨 5.6%。对经济和大公司业绩的乐观情绪推动了这一势头。

Tech Stocks Drive Nasdaq Higher

科技股推动纳斯达克指数走高

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.

纳斯达克综合指数也跟随涨势，在科技股强劲上涨的推动下飙升 9.1%。涉及人工智能、云计算和半导体的公司尤其成功，反映出这些技术在现代经济中日益重要。

Bitcoin and Cryptocurrency Sector Flourish

比特币和加密货币行业蓬勃发展

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，加密货币领域也出现了激增，其中比特币和相关股票领涨。在比特币现货交易所交易基金（ETF）的不断普及和推出的推动下，市值最大的加密货币一直在不可阻挡地上涨。

Energy Sector Leads Gains in March

能源板块三月份领涨

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.

能源行业3月份也表现良好，由于供应担忧和地缘政治紧张局势，油价上涨。这一增长使跟踪该行业的能源公司和 ETF 受益。

Gold Regains Luster Amidst Economic Uncertainty

黄金在经济不确定性中重拾光芒

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.

由于美国即将降息的预期，黄金重新恢复了作为避险资产的吸引力。传统上，贵金属在经济不确定时期被视为可靠的保值手段，即将到来的美国总统大选以及乌克兰和加沙的冲突增强了其吸引力。白银和其他贵金属也升值。

Cocoa Prices Skyrocket Due to Supply Shortages

供应短缺导致可可价格飙升

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.

在农产品方面，可可价格在短短三个月内上涨了一倍多，从年初的每吨 3,000 美元飙升至每吨 10,000 美元。这一激增归因于西非连续三年歉收造成供应短缺。

Three Standout ETFs from the First Quarter

第一季度三只表现出色的 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:

鉴于不同行业和资产类别的表现存在差异，我们确定了 2024 年第一季度表现最佳和最差的三只 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

比特币 - Grayscale Bitcoin Trust (GBTC)：上涨 92.5% Roundhill Cannabis ETF (WEED)：上涨 45.1% VanEck Vectors Semiconductor ETF (SMH)：上涨 28.7% 最差 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

美国天然气基金 (UNG)：下跌 28.2% Invesco WilderHill 清洁能源 ETF (PBW)：下跌 21.9% 锂 - Sprott 锂矿 ETF (LITP)：下跌 20.7% 结论

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 年第一季度全球股市经历了过山车般的波动。虽然一些行业和资产类别蓬勃发展，但其他行业和资产类别却面临挑战。比特币、科技股和能源股的强劲表现尤其引人注目，反映出经济动态的变化以及人工智能和数字资产日益增长的重要性。投资者应继续监控地缘政治事件和经济数据，以便在未来几个月内对其投资组合做出明智的决定。