frr0717
2018-03-02 15:27接著上一個問題 解釋是: Solution A is correct. Morgan’s recommendations to implement a trade that steepens the yield curve in the midst of the recession is consistent with the economic cycle. The yield curve typically steepens when the economy is in recession. But given that value stocks are likely to outperform growth stocks and that small-cap stocks are likely to outperform large-cap stocks in the immediate aftermath of a recession, Morgan’s recommendation regarding growth equities is less likely to succeed. C is incorrect because large cap stocks tend to outperform going into and during a recession, but small cap stocks tend to outperform coming out of a recession. B is incorrect because yield curves tend to steepen during a recession, so the recommendation to implement a yield curve steepening trade now is consistent with the economic cycle. 請老師解釋下A正確的那一段話, 看不太懂... 謝謝!
所屬：CFA Level II > Alternative Investments 視頻位置 相關(guān)試題
來源： 視頻位置 相關(guān)試題
1個回答
Paul助教
2018-03-05 11:39
該回答已被題主采納
同學(xué)你好，A說了兩個命題，第一是在經(jīng)濟(jì)處于衰退的時候，收益率曲線會變得更陡峭，這個是對的。第二是在經(jīng)濟(jì)衰退后，價值股表現(xiàn)優(yōu)于成長股，小盤股表現(xiàn)優(yōu)于大盤股，這個是不太正確的
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追問
第二是在經(jīng)濟(jì)衰退后，價值股表現(xiàn)優(yōu)于成長股，小盤股表現(xiàn)優(yōu)于大盤股，這個是不太正確的. 具體是那個觀點(diǎn)正確, 那個錯誤? 什么叫做"不太"正確...
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順帶解釋一下啊
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同學(xué)你好，經(jīng)濟(jì)衰退的環(huán)境下，小公司生存更加艱難，市場表現(xiàn)也一般也難以超越價值股
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追問
您說的小公司, 是指"價值股表現(xiàn)優(yōu)于成長股，小盤股表現(xiàn)優(yōu)于大盤股，"中的哪一個???
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同學(xué)你好，小公司指的的小盤股，大公司是大盤股。價值和成長與公司規(guī)模沒有直接關(guān)系
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