高盛：哪些资产过热，哪些资产可以买入？

The latest Goldman Market Stress Monitor summarizes various measures of market dislocation and stress across asset classes. It starts by showing the latest 'temperature check' which reflect where the price of a given asset class is relative to its historical percentile.

最新的高盛市场压力监测器总结了各种资产类别的市场错位和压力测量。首先显示最新的“温度检查”，它反映了给定资产类别的价格相对于其历史百分位数的位置。

Goldman next notes that while in credit markets, conditions have largely normalized, with most of the bank's metrics at historically normal levels, the bank notes that in the rates market, there has been a meaningful deterioration in Treasury market liquidity and market depth exacerbated the UST market sell-off, though even so, conditions remain considerably better than last March on a variety of metrics.

高盛接下来指出，尽管在信贷市场中，情况已基本正常化，大多数银行指标均处于历史正常水平，但该银行指出，在利率市场中，美国国债市场流动性显着恶化，市场深度加剧了UST。市场抛售尽管如此，但在各种指标上，情况仍比去年三月好得多。

In equity markets, liquidity conditions also remained well below-average and deteriorated sharply late last week.

在股票市场，流动性状况也远低于平均水平，上周末急剧恶化。

Finally, in FX markets, the bank observes that depth spreads similarly widened amid the resumption in market volatility late last week, though levels remained well-below the spike seen last year.

最后，在外汇市场上，该银行观察到，随着上周末市场波动的恢复，深度差也同样扩大，尽管水平仍远低于去年的峰值。