{"id":322041,"date":"2020-03-11T22:34:22","date_gmt":"2020-03-12T05:34:22","guid":{"rendered":"https:\/\/nai500.com\/?p=322041"},"modified":"2020-03-11T22:34:22","modified_gmt":"2020-03-12T05:34:22","slug":"%e6%96%b0%e5%86%a0%e7%96%ab%e6%83%85-%e8%82%a1%e5%b8%82%e6%b3%a2%e5%8a%a8%e6%80%a7","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2020\/03\/%e6%96%b0%e5%86%a0%e7%96%ab%e6%83%85-%e8%82%a1%e5%b8%82%e6%b3%a2%e5%8a%a8%e6%80%a7\/","title":{"rendered":"\u65b0\u51a0\u75ab\u60c5\u9a71\u52a8\u80a1\u5e02\u6ce2\u52a8\u6027\u98d9\u5347\uff0c\u73b0\u91d1\u5145\u88d5\u7684\u6295\u8d44\u8005\u5e94\u8be5\u73b0\u5728\u4e70\u5165\u8fd8\u662f\u518d\u7b49\u7b49\uff1f"},"content":{"rendered":"<p>\u5728\u7ecf\u538610\u591a\u5e74\u7684\u7a33\u6b65\u4e0a\u884c\u540e\uff0c\u7f8e\u80a1\u7a81\u7136\u906d\u9047\u65b0\u51a0\u75ab\u60c5\u8fd9\u53ea\u9ed1\u5929\u9e45\u3002\u80a1\u5e02\u6ce2\u52a8\u6027\u51fa\u73b0\u98d9\u5347\uff0c\u4e3b\u8981\u80a1\u6307\u66b4\u8dcc\uff0c\u9053\u743c\u65af\u5de5\u4e1a\u5e73\u5747\u6307\u6570\uff08DJIA\uff09\u751a\u81f3\u5df2\u7ecf\u8dcc\u5165\u6280\u672f\u6027\u718a\u5e02\u3002\u4ec5\u4ec5\u8fc7\u53bb\u51e0\u5468\uff0c\u957f\u671f\u6295\u8d44\u8005\u6295\u8d44\u7ec4\u5408\u7684\u4ef7\u503c\u5927\u5e45\u7f29\u6c34\u3002\u73b0\u5728\uff0c\u5168\u4ed3\u4e70\u5165\u7684\u6295\u8d44\u8005\u51e0\u4e4e\u6ca1\u6709\u5176\u4ed6\u9009\u62e9\uff0c\u53ea\u80fd\u627f\u53d7\u80a1\u5e02\u7684\u66b4\u8dcc\u5e76\u671f\u5f85\u5e02\u573a\u6700\u7ec8\u4f1a\u53cd\u5f39\u56de\u5347\uff08<a href=\"https:\/\/nai500.com\/zh-hans\/blog\/2020\/03\/\u75ab\u60c5\u548c\u80a1\u5e02-\u65b0\u51a0\u75c5\u6bd2-covid-19\/\">\u56de\u987e\u8fc7\u53bb20\u5e74\u7684\u5386\u6b21\u75ab\u60c5\u548c\u80a1\u5e02\uff0c\u5386\u53f2\u4f1a\u91cd\u6f14\u5417\uff1f<\/a>\uff09\u3002<\/p>\n<p>\u4e0d\u8fc7\uff0c\u5f88\u591a\u5148\u77e5\u5148\u89c9\u7684\u6295\u8d44\u8005\uff0c\u6bd4\u5982\u8bf4\u5df4\u83f2\u7279\uff0c\u624b\u91cc\u5df2\u7ecf\u6301\u6709\u4e00\u7b14\u6570\u76ee\u4e0d\u5c0f\u7684\u73b0\u91d1\uff08<a href=\"https:\/\/nai500.com\/zh-hans\/blog\/2020\/03\/\u80a1\u5e02\u66b4\u8dcc-\u5df4\u83f2\u7279-\u4f2f\u514b\u5e0c\u5c14\/\">\u6d6a\u6f6e\u892a\u53bb\uff0c\u8c01\u5728\u88f8\u6cf3\uff1f\u8fd9\u5bb6\u516c\u53f8\u6216\u5c06\u6210\u4e3a\u6b64\u6b21\u80a1\u5e02\u66b4\u8dcc\u7684\u6700\u5927\u8d62\u5bb6<\/a>\uff09\u3002\u8fd9\u4e9b\u6295\u8d44\u8005\u5bf9\u4e8e\u8fd9\u8f6e\u6301\u7eed10\u591a\u5e74\u7684\u725b\u5e02\u5df2\u7ecf\u62b1\u6709\u8c28\u614e\u6001\u5ea6\uff0c\u8ba4\u4e3a\u80a1\u4ef7\u8fc7\u9ad8\uff0c\u4e0d\u503c\u5f97\u4e70\u5165\u3002\u73b0\u5728\uff0c\u8fd9\u4e9b\u80a1\u7968\u7684\u4f30\u503c\u6c34\u5e73\uff0c\u5982\u4ed6\u4eec\u671f\u5f85\u7684\u90a3\u6837\u5df2\u7ecf\u5927\u5e45\u4e0b\u79fb\uff0c\u4f46\u4e00\u4e2a\u65b0\u7684\u95ee\u9898\u53c8\u6446\u5230\u4e86\u4ed6\u4eec\u9762\u524d\uff1a\u5e94\u8be5\u8d81\u7740\u8fd9\u8f6e\u4e0b\u8dcc\u73b0\u5728\u5c31\u4e70\u5165\u80a1\u7968\uff08<a href=\"https:\/\/nai500.com\/zh-hans\/blog\/2020\/03\/\u80a1\u5e02-\u66b4\u8dcc-\u6295\u8d44\u8005\/\">\u80a1\u5e02\u5728\u66b4\u8dcc\uff0c\u4e3a\u4f55\u6295\u8d44\u8005\u5e94\u8be5\u7ee7\u7eed\u4e70\u5165\uff1f<\/a>\uff09\uff0c\u8fd8\u662f\u518d\u7b49\u4e00\u7b49\uff0c\u770b\u770b\u662f\u5426\u8fd8\u4f1a\u66f4\u52a0\u4fbf\u5b9c\uff08<a href=\"https:\/\/nai500.com\/zh-hans\/blog\/2020\/03\/\u5bf9\u51b2\u57fa\u91d1-\u65b0\u51a0\u75c5\u6bd2-\u7f8e\u80a1\/\">\u5bf9\u51b2\u57fa\u91d1\u7ecf\u7406Kyle Bass\uff1a\u4e0d\u8981\u6025\u4e0d\u8981\u614c\uff0c\u518d\u7b49\u4e00\u4e2a\u6708<\/a>\uff09\u3002<\/p>\n<p>\u8981\u56de\u7b54\u8fd9\u4e2a\u95ee\u9898\uff0c\u6211\u4eec\u5fc5\u987b\u517c\u987e\u81ea\u5df1\u7684\u957f\u671f\u6295\u8d44\u76ee\u6807\u4ee5\u53ca\u77ed\u671f\u7684\u73b0\u5b9e\u60c5\u51b5\u3002<\/p>\n<h2>\u4e3a\u4ec0\u4e48\u8fd9\u662f\u4e00\u4e2a\u96be\u4ee5\u56de\u7b54\u7684\u95ee\u9898\uff1f<\/h2>\n<p>\u80a1\u5e02\u66b4\u8dcc\u603b\u4f1a\u8ba9\u6295\u8d44\u8005\u9677\u5165\u4e24\u96be\u7684\u5883\u5730\u3002\u4e4b\u6240\u4ee5\u5982\u6b64\uff0c\u662f\u56e0\u4e3a\u6295\u8d44\u8005\u6709\u4e24\u4e2a\u5934\u7b49\u91cd\u8981\u4f46\u53c8\u76f8\u4e92\u51b2\u7a81\u7684\u539f\u5219\uff1a\u4e0d\u8981\u4e8f\u635f\u548c\u9022\u4f4e\u4e70\u5165\u3002\u4e00\u65b9\u9762\uff0c\u6295\u8d44\u7ec4\u5408\u7ba1\u7406\u6700\u91cd\u8981\u7684\u4e00\u6761\u539f\u5219\u662f\u6c38\u8fdc\u4e0d\u8981\u4e8f\u635f\u3002\u4e8f\u635f\u4e0d\u4ec5\u635f\u5bb3\u7684\u662f\u4f60\u7684\u8d22\u5bcc\uff0c\u540c\u65f6\u4f1a\u6253\u51fb\u4f60\u7684\u6295\u8d44\u4fe1\u5fc3\uff0c\u8fdb\u800c\u63d0\u9ad8\u505a\u51fa\u60c5\u7eea\u6027\u51b3\u7b56\u7684\u53ef\u80fd\u6027\u3002\u5982\u679c\u73b0\u5728\u4e70\u5165\uff0c\u80a1\u5e02\u7ee7\u7eed\u4e0b\u8dcc\uff0c\u4f60\u53ef\u80fd\u4f1a\u89c9\u5f97\u81ea\u5df1\u5c31\u662f\u4e2a\u8822\u86cb\u3002<\/p>\n<p>\u53e6\u4e00\u65b9\u9762\uff0c\u6295\u8d44\u7684\u76ee\u7684\u662f\u8d5a\u94b1\uff0c\u800c\u5728\u80a1\u5e02\u4e0a\u8d5a\u94b1\uff0c\u65e0\u8bba\u662f\u4ef7\u503c\u6295\u8d44\u8fd8\u662f\u77ed\u671f\u6295\u673a\uff0c\u9760\u7684\u90fd\u662f\u4f4e\u4e70\u9ad8\u5356\u3002\u4ece\u8fd9\u4e2a\u903b\u8f91\u51fa\u53d1\uff0c\u60f3\u8981\u5b9e\u73b0\u957f\u671f\u6536\u76ca\u7684\u6700\u5927\u5316\uff0c\u5c31\u5e94\u8be5\u5728\u80a1\u4ef7\u5927\u8dcc\u65f6\u4e70\u5165\u597d\u516c\u53f8\u7684\u80a1\u7968\u3002\u5373\u4f7f\u6ca1\u6709\u6293\u4f4f\u7edd\u5bf9\u7684\u5e95\u90e8\uff0c\u73b0\u5728\u4e70\u5165\u7684\u6700\u7ec8\u6536\u76ca\u7387\u4e5f\u8981\u6bd4\u5728\u5e02\u573a\u9876\u90e8\u4e70\u5165\u65f6\u9ad8\u5f97\u591a\u3002<\/p>\n<p>\u5982\u4f55\u8c03\u548c\u8fd9\u4e24\u6761\u6295\u8d44\u539f\u5219\u7684\u77db\u76fe\uff1f\u5173\u952e\u70b9\u5728\u4e8e\u5f53\u524d\u4ee5\u53ca\u8fd1\u671f\u9884\u8ba1\u53ef\u4f9b\u6295\u8d44\u7684\u73b0\u91d1\u6709\u591a\u5c11\u3002<\/p>\n<h2>\u5de5\u85aa\u4e00\u65cf\uff0c\u62e5\u6709\u4e0d\u591a\u4e0d\u5c11\u7684\u4e00\u7b14\u73b0\u91d1<\/h2>\n<p>\u5f88\u591a\u5de5\u85aa\u4e00\u65cf\u90fd\u6709\u5b9a\u671f\u50a8\u84c4\u80fd\u529b\uff0c\u6bcf\u6b21\u53d1\u85aa\u6c34\u90fd\u6709\u4e00\u90e8\u5206\u7684\u5269\u4f59\u8d44\u91d1\u3002\u5982\u679c\u4f60\u5c5e\u4e8e\u8fd9\u4e00\u7fa4\u4f53\uff0c\u73b0\u5728\u5c31\u4e0d\u8981\u72b9\u8c6b\uff0c\u5927\u80c6\u51fa\u624b\uff0c\u6700\u597d\u662f\u5236\u5b9a\u4e00\u4e2a\u5b9a\u6295\u8ba1\u5212\u3002\u5f88\u591a\u5238\u5546\u3001\u5171\u540c\u57fa\u91d1\u516c\u53f8\u4ee5\u53ca\u5176\u4ed6\u7c7b\u578b\u7684\u91d1\u878d\u673a\u6784\u90fd\u63d0\u4f9b\u5b9a\u6295\u670d\u52a1\uff0c\u5b9a\u6295\u7684\u6807\u7684\u53ef\u4ee5\u662f\u80a1\u7968\u57fa\u91d1\u3001\u6307\u6570ETF\u4ee5\u53ca\u4e2a\u80a1\u3002<\/p>\n<p>\u4e0d\u8fc7\uff0c\u5b9a\u6295\u770b\u4f3c\u7b80\u5355\u6613\u884c\uff0c\u5176\u5b9e\u6700\u96be\u7684\u90e8\u5206\u662f\u514b\u670d\u4eba\u6027\u5e76\u4e25\u5b88\u6295\u8d44\u7eaa\u5f8b\uff1a\u80a1\u5e02\u9707\u8361\u4e0b\u884c\u65f6\u6295\u8d44\u8005\u4f1a\u8fdf\u7591\u4e0d\u5b9a\u5e76\u4e0d\u65ad\u6000\u7591\u81ea\u5df1\u7684\u6295\u8d44\u51b3\u5b9a\u3002\u76f8\u53cd\uff0c\u80a1\u5e02\u4e0a\u5347\u65f6\u6295\u8d44\u8005\u4e0d\u65ad\u83b7\u5f97\u60c5\u7eea\u4e0a\u7684\u6b63\u5411\u53cd\u9988\uff0c\u4f46\u8fd9\u65f6\u5019\u5f80\u5f80\u5df2\u7ecf\u9519\u5931\u4e86\u6700\u4f73\u7684\u4e70\u5165\u70b9\u3002<\/p>\n<h2>\u5982\u679c\u4f60\u76ee\u524d\u5df2\u7ecf\u62e5\u6709\u5927\u91cf\u73b0\u91d1<\/h2>\n<p>\u76f8\u5bf9\u62e5\u6709\u5c11\u91cf\u73b0\u91d1\u7684\u5b9a\u6295\u6295\u8d44\u8005\uff0c\u73b0\u5728\u5df2\u7ecf\u6301\u6709\u5927\u91cf\u73b0\u91d1\u7684\u6295\u8d44\u8005\u5176\u5b9e\u66f4\u96be\u6289\u62e9\uff0c\u800c\u4e14\u5b58\u5728\u7740\u7406\u8bba\u6700\u4f73\u4ee5\u53ca\u66f4\u4e3a\u73b0\u5b9e\u53ef\u884c\u7684\u4e24\u53ea\u9009\u62e9\u3002\u7406\u8bba\u4e0a\u6765\u8bf4\uff0c\u60f3\u8981\u83b7\u5f97\u6700\u5927\u7684\u6536\u76ca\uff0c\u5c31\u5e94\u8be5\u5728\u5e95\u90e8\u5168\u4ed3\u6740\u5165\u3002\u56e0\u4e3a\u957f\u671f\u6765\u770b\uff0c\u80a1\u5e02\u7ec8\u4f1a\u4e0a\u6da8\u3002\u73b0\u5728\u4e70\u5165\uff0c\u5c31\u80fd\u4ee5\u6700\u4f4e\u7684\u6210\u672c\u83b7\u5f97\u6700\u5927\u7684\u6536\u76ca\u3002<\/p>\n<p>\u4f46\u662f\uff0c\u6284\u5e95\u5e76\u4e0d\u73b0\u5b9e\u3002\u6ca1\u6709\u4eba\u80fd\u591f\u9884\u6d4b\u5e02\u573a\u7684\u5e95\u90e8\uff0c\u4e5f\u6ca1\u4eba\u80fd\u591f\u4fdd\u8bc1\u80a1\u5e02\u4e0d\u4f1a\u7ee7\u7eed\u4e0b\u8dcc\u3002\u5982\u679c\u4e70\u5165\u540e\u80a1\u5e02\u77ed\u671f\u5185\u7ee7\u7eed\u4e0b\u8dcc\u4f1a\u8ba9\u4f60\u611f\u5230\u6050\u614c\uff0c\u6211\u5efa\u8bae\u4f60\u91c7\u53d6\u91d1\u5b57\u5854\u5f0f\u4e70\u5165\u6cd5\uff0c\u5373\u5c06\u81ea\u5df1\u7684\u73b0\u91d1\u5206\u4e3a\u51e0\u6279\u4e70\u5165\uff0c\u5e76\u4e14\u4e70\u5165\u91d1\u989d\u968f\u7740\u4ef7\u683c\u4e0b\u964d\u9010\u6e10\u589e\u52a0\uff08<a href=\"https:\/\/nai500.com\/zh-hans\/blog\/2019\/06\/\u6210\u957f\u578b\u80a1\u7968\u6295\u8d44\u7b56\u7565\uff1a\u91d1\u5b57\u5854\u5f0f\u4ea4\u6613\u6cd5\/\">\u6210\u957f\u578b\u80a1\u7968\u6295\u8d44\u7b56\u7565\uff1a\u91d1\u5b57\u5854\u5f0f\u4ea4\u6613\u6cd5<\/a>\uff09\u3002\u5e73\u5747\u4e0b\u6765\uff0c\u4f60\u7684\u6f5c\u5728\u6536\u76ca\u53ef\u80fd\u4f1a\u56e0\u6b64\u51cf\u5c11\uff0c\u4f46\u5374\u5f88\u597d\u5730\u89c4\u907f\u6284\u5e95\u6284\u5728\u534a\u5c71\u8170\u7684\u91cd\u5927\u5931\u8bef\u3002\u8003\u8651\u5230\u8fd9\u4e00\u5c42\u98ce\u9669\uff0c\u8ba9\u51fa\u4e00\u70b9\u5229\u6da6\u4e5f\u5c31\u7269\u6709\u6240\u503c\u4e86\u3002<\/p>\n<h2>\u5236\u5b9a\u597d\u8ba1\u5212<\/h2>\n<p>\u65e0\u8bba\u662f\u51b3\u5b9a\u73b0\u5728\u4e70\u5165\u8fd8\u662f\u9759\u89c2\u5176\u53d8\uff0c\u8fd9\u90fd\u4e0d\u662f\u6700\u91cd\u8981\u7684\u4e8b\u60c5\uff0c\u6700\u91cd\u8981\u7684\u662f\u60f3\u597d\u81ea\u5df1\u7684\u6295\u8d44\u7b56\u7565\u5e76\u5236\u5b9a\u597d\u8ba1\u5212\u3002\u6709\u4e86\u8ba1\u5212\u5728\u624b\uff0c\u4f60\u5c31\u4e0d\u4f1a\u8f7b\u6613\u53d7\u60c5\u7eea\u7684\u5f71\u54cd\uff0c\u5e76\u4e14\u5728\u5b9e\u73b0\u957f\u671f\u6295\u8d44\u6210\u529f\u7684\u9053\u8def\u4e0a\u575a\u5b9a\u8d70\u4e0b\u53bb\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u5728\u7ecf\u538610\u591a\u5e74\u7684\u7a33\u6b65\u4e0a\u884c\u540e\uff0c\u7f8e\u80a1\u7a81\u7136\u906d\u9047\u65b0\u51a0\u75ab\u60c5\u8fd9\u53ea\u9ed1\u5929\u9e45\u3002\u80a1\u5e02\u6ce2\u52a8\u6027\u51fa\u73b0\u98d9\u5347\uff0c\u4e3b\u8981\u80a1\u6307\u66b4\u8dcc\uff0c\u9053\u743c\u65af\u5de5\u4e1a\u5e73\u5747\u6307 [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":322042,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1521,430],"tags":[],"class_list":["post-322041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1521","category-trends-strategies-zh-hans","sectors-1602","sectors-financial-products-zh-hans","sectors-technology-zh-hans","locations-canada-zh-hans","locations-us-zh-hans","exchange-nasdaq-zh-hans","exchange-nyse-zh-hans"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/322041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/comments?post=322041"}],"version-history":[{"count":0,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/322041\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media\/322042"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=322041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=322041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=322041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}