美国乐观情绪和人工智能飙升，全球市场第一季度表现出色

2024年第一季度全球股市大幅上涨，MSCI指数上涨7.7%，创五年来最强劲表现。围绕美国经济软着陆和人工智能崛起的乐观情绪推动了股市上涨。值得注意的是，标准普尔 500 指数和道琼斯指数分别创下五年来和两年来最好的第一季度表现。

Global Stock Markets Register Impressive Q1 Performance

全球股市第一季度表现亮眼

Global stock markets concluded the first quarter of 2024 with exceptional gains, driven by optimism about the US economy and the burgeoning field of artificial intelligence. The MSCI index of world shares surged by 7.7%, marking its best quarterly performance in five years.

在对美国经济和新兴人工智能领域的乐观情绪推动下，全球股市在 2024 年第一季度取得了异常上涨。 MSCI 全球股票指数飙升 7.7%，创下五年来最好的季度表现。

US Equities Surge

美国股市飙升

The US stock market played a significant role in the global rally. The S&P 500 Index posted its best first-quarter performance in five years, climbing by 10.2%, while the Dow Jones Industrial Average experienced its strongest first-quarter gain since 2021, advancing by 5.6%. The Nasdaq Composite Index joined the rally with a 9.1% increase.

美国股市在全球股市上涨中发挥了重要作用。标准普尔 500 指数录得五年来最佳第一季度表现，上涨 10.2%，而道琼斯工业平均指数则录得自 2021 年以来最强劲的第一季度涨幅，上涨 5.6%。纳斯达克综合指数也上涨了 9.1%。

Bitcoin and Related Stocks Heat Up

比特币及相关股票升温

Bitcoin, the world's largest cryptocurrency, and related stocks soared throughout the first quarter on the back of growing optimism. Energy stocks led the gains in March.

在乐观情绪不断增强的背景下，全球最大的加密货币比特币及相关股票在第一季度飙升。能源股领涨 3 月份。

Gold Regains Luster

黄金重拾光彩

Gold prices rebounded during the quarter amid expectations of future interest rate cuts in the US. Silver and other precious metals also exhibited gains.

由于美国未来降息的预期，金价在本季度反弹。白银和其他贵金属也出现上涨。

Cocoa Prices Surge

可可价格飙升

In the agricultural commodities sector, cocoa prices skyrocketed to $10,000 per ton, more than doubling from $3,000 per ton at the year's start. This surge was primarily driven by supply shortages resulting from poor harvests in West Africa.

在农产品领域，可可价格飙升至每吨 10,000 美元，比年初的每吨 3,000 美元上涨了一倍多。这一激增主要是由于西非收成不佳导致供应短缺。

Top-Performing ETFs

表现最佳的 ETF

Bitcoin: Grayscale Bitcoin Trust (GBTC)

比特币：灰度比特币信托（GBTC）

Grayscale Bitcoin Trust, the world's largest Bitcoin ETF, surged by 92.5% during the quarter. Investors sought exposure to Bitcoin through this security, avoiding the complexities of directly buying, storing, and safeguarding the cryptocurrency.

全球最大的比特币 ETF 灰度比特币信托 (Grayscale Bitcoin Trust) 本季度飙升 92.5%。投资者通过这种证券寻求投资比特币，避免了直接购买、存储和保护加密货币的复杂性。

Cannabis: Roundhill Cannabis ETF (WEED)

大麻：Roundhill 大麻 ETF (WEED)

Roundhill Cannabis ETF rallied by 45.1%, reflecting the surge in cannabis stocks amid speculation of a potential reclassification of marijuana. The fund provides exposure to leading US cannabis companies.

Roundhill Cannabis ETF 上涨 45.1%，反映出大麻股票因对大麻可能重新分类的猜测而飙升。该基金提供对美国领先大麻公司的投资。

Semiconductors: VanEck Vectors Semiconductor ETF (SMH)

半导体：VanEck Vectors Semiconductor ETF (SMH)

The semiconductor sector's growth prospects, fueled by the rise of artificial intelligence applications, drove VanEck Vectors Semiconductor ETF to a 28.7% gain. The fund invests in companies engaged in semiconductor production and equipment.

在人工智能应用兴起的推动下，半导体行业的增长前景推动 VanEck Vectors Semiconductor ETF 上涨 28.7%。该基金投资于从事半导体生产和设备的公司。

Worst-Performing ETFs

表现最差的 ETF

Natural Gas: United States Natural Gas Fund (UNG)

天然气：美国天然气基金（UNG）

United States Natural Gas Fund plummeted by 28.2% as natural gas prices declined due to surplus stocks and record-high production levels. The fund provides direct exposure to natural gas prices through futures contracts.

由于库存过剩和创纪录的产量水平导致天然气价格下跌，美国天然气基金暴跌28.2%。该基金通过期货合约直接投资天然气价格。

Clean Energy: Invesco WilderHill Clean Energy ETF (PBW)

清洁能源：Invesco WilderHill 清洁能源 ETF (PBW)

Invesco WilderHill Clean Energy ETF dropped by 21.9%. The fund invests in companies involved in clean energy and conservation. The decline was attributed to a broader economic slowdown in China, impacting sales of electric vehicles.

Invesco WilderHill 清洁能源 ETF 下跌 21.9%。该基金投资于涉及清洁能源和节能的公司。这一下降归因于中国更广泛的经济放缓，影响了电动汽车的销售。

Lithium: Sprott Lithium Miners ETF (LITP)

锂：Sprott 锂矿 ETF (LITP)

Sprott Lithium Miners ETF, which provides exposure to lithium mining companies, fell by 20.7%. The decrease was prompted by a slowdown in lithium prices due to a broader economic slowdown in China.

提供锂矿业公司敞口的 Sprott Lithium Miners ETF 下跌 20.7%。造成这一下降的原因是中国整体经济放缓导致锂价格放缓。