CPI和PPI是关键节点

中环杰哥投资探秘

美股，三大指数继续下跌，原油和国债涨得甚至过头了。其实，短期看，纳指因为硬科技没怎么调整，标普再次来到阶段低位。总的来说，大盘还是想看PPI和CPI结果来定后续策略。基本上，不管什么结果，只要不确定性消失，大盘和主线都会回到原来的节奏，至于昨天，半导体继续强势，其余除油气标的外，都在调整。港股，继续原来节奏，恒指高位振荡，等待企稳信号，恒科弱势，先观察再说。

HBM短缺推高芯片报价,存储超级周期能否延续?

存储股当天原路吐了回去：SK海力士美股收跌5.20%，美光收跌4.90%，闪迪收跌4.06%——前一日三只刚集体大涨，海力士还创了历史新高。需求那边没坏：路透称全球HBM缺货正在往下游传，部分AI芯片报价已经上调20%到50%，海力士和美光涨价更有底气，DRAM和NAND也可能跟着走。砸下来的是利率和油价，不是需求，首尔市场外资也在净卖出。20万亿到40万亿韩元的回购是标普全球市场情报的预测，公司一个字都没宣布过——真不来，现在这段溢价就得还回去。涨价已经落在报价上；但板块本来涨得就高，收益率一上行，波动就跟着放大。你更看好HBM、DRAM还是NAND，还是等美光9月30日的季报？

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