{"id":625356,"date":"2026-03-12T23:12:34","date_gmt":"2026-03-13T06:12:34","guid":{"rendered":"https:\/\/nai500.com\/?p=625356"},"modified":"2026-03-12T23:12:34","modified_gmt":"2026-03-13T06:12:34","slug":"%e7%be%8e%e8%82%a1%e6%8e%a5%e4%b8%8b%e6%9d%a5%e6%98%af%e6%b6%a8%e6%98%af%e8%b7%8c%ef%bc%9f%e5%a4%a7%e6%91%a9%e8%ad%a6%e5%91%8a%e8%bf%98%e8%a6%81%e8%b7%8c7%ef%bc%8cfundstrat%e5%96%8a","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hans\/blog\/2026\/03\/%e7%be%8e%e8%82%a1%e6%8e%a5%e4%b8%8b%e6%9d%a5%e6%98%af%e6%b6%a8%e6%98%af%e8%b7%8c%ef%bc%9f%e5%a4%a7%e6%91%a9%e8%ad%a6%e5%91%8a%e8%bf%98%e8%a6%81%e8%b7%8c7%ef%bc%8cfundstrat%e5%96%8a\/","title":{"rendered":"\u7f8e\u80a1\u63a5\u4e0b\u6765\u662f\u6da8\u662f\u8dcc\uff1f\u5927\u6469\u8b66\u544a\u201c\u8fd8\u8981\u8dcc7%\u201d\uff0cFundstrat\u558a\u201c\u6da8\u52307300\u70b9\u201d"},"content":{"rendered":"

\u8fdb\u51653\u6708\u4e2d\u65ec\uff0c\u7f8e\u80a1\u5e02\u573a\u7684\u591a\u7a7a\u5bf9\u51b3\u6108\u6f14\u6108\u70c8\u3002\u4e00\u8fb9\u662f\u6469\u6839\u58eb\u4e39\u5229\u9996\u5e2d\u6295\u8d44\u5b98Mike Wilson\u8b66\u544a\uff0c\u6807\u666e500\u6307\u6570\u77ed\u671f\u5185\u53ef\u80fd\u518d\u8dcc5%\u81f37%\uff0c\u8c03\u6574\u5c1a\u672a\u7ed3\u675f\uff1b\u53e6\u4e00\u8fb9\uff0cFundstrat Global Advisors\u8054\u5408\u521b\u59cb\u4ebaTom Lee\u5219\u9ad8\u547c\uff0c\u5e02\u573a\u53cd\u5f39\u5728\u5373\uff0c\u6307\u6570\u4eca\u5e74\u665a\u4e9b\u65f6\u5019\u6709\u671b\u51b2\u51fb7300\u70b9\u3002<\/p>\n

\u4e24\u5927\u6743\u5a01\u7b56\u7565\u5e08\u7684\u89c2\u70b9\u6b63\u9762\u78b0\u649e\uff0c\u8ba9\u6295\u8d44\u8005\u9677\u5165\u8ff7\u832b\uff1a\u63a5\u4e0b\u6765\u7a76\u7adf\u662f\u201c\u9ec4\u91d1\u5751\u201d\u8fd8\u662f\u201c\u718a\u51fa\u6ca1\u201d\uff1f<\/p>\n

\u5927\u6469Wilson\uff1a\u771f\u6b63\u7684\u75db\u82e6\u8fd8\u6ca1\u6765\uff0c\u6807\u666e\u6216\u8dcc\u81f36300\u70b9<\/h2>\n

\u6469\u6839\u58eb\u4e39\u5229\u9996\u5e2d\u7f8e\u56fd\u80a1\u7968\u7b56\u7565\u5e08Mike Wilson\u5728\u6700\u65b0\u4e00\u671f\u201cThoughts on the Market\u201d\u64ad\u5ba2\u4e2d\u76f4\u8a00\uff0c\u5c3d\u7ba1\u7f8e\u80a1\u5e74\u521d\u4ee5\u6765\u5df2\u7ecf\u5386\u4e00\u6ce2\u9707\u8361\uff0c\u4f46\u4e0b\u8dcc\u8fdc\u672a\u7ed3\u675f\u3002\u4ed6\u9884\u8ba1\uff0c\u6807\u666e500\u6307\u6570\u53ef\u80fd\u5728\u672a\u6765\u4e00\u4e2a\u6708\u5185\u4e0b\u63a2\u81f36300\u70b9\u5de6\u53f3\uff0c\u8f83\u5f53\u524d\u6c34\u5e73\u7ea6\u67097%\u7684\u4e0b\u884c\u7a7a\u95f4\u3002<\/p>\n

Wilson\u7684\u7406\u7531\u57fa\u4e8e\u5386\u53f2\u7ecf\u9a8c\u548c\u5e02\u573a\u7ed3\u6784\u3002\u4ed6\u6307\u51fa\uff0c\u53bb\u5e744\u6708\u7279\u6717\u666e\u653f\u5e9c\u63a8\u51fa\u5bf9\u7b49\u5173\u7a0e\u65f6\uff0c\u80a1\u5e02\u66fe\u66b4\u8dcc\u7ea620%\uff0c\u800c\u4eca\u5e74\u8fc4\u4eca\u6807\u666e500\u4ec5\u4e0b\u8dcc1%\uff0c\u8dcc\u5e45\u8fdc\u8fdc\u4e0d\u591f\u3002\u66f4\u91cd\u8981\u7684\u662f\uff0c\u5e02\u573a\u8c03\u6574\u901a\u5e38\u4e0d\u4f1a\u771f\u6b63\u7ed3\u675f\uff0c\u76f4\u5230\u201c\u6700\u597d\u201d\u7684\u516c\u53f8\u548c\u201c\u6700\u9ad8\u8d28\u91cf\u201d\u7684\u6307\u6570\u4e5f\u906d\u53d7\u663e\u8457\u6253\u51fb\u2014\u2014\u8fd9\u4e00\u6761\u4ef6\u76ee\u524d\u5c1a\u672a\u6ee1\u8db3\u3002\u4ed6\u8bf4\uff1a\u201c\u867d\u7136\u5e02\u573a\u4e2d\u8f83\u8106\u5f31\u7684\u677f\u5757\u5df2\u7ecf\u627f\u53d7\u4e86\u5927\u90e8\u5206\u4f24\u5bb3\uff0c\u4f46\u6307\u6570\u672c\u8eab\u4ecd\u53ef\u80fd\u518d\u8dcc5%-7%\uff0c\u62e5\u6324\u7684\u80a1\u7968\u751a\u81f3\u53ef\u80fd\u51fa\u73b0\u4e24\u4f4d\u6570\u7684\u8dcc\u5e45\u3002\u201d<\/p>\n

\u4e0d\u8fc7\uff0cWilson\u5e76\u975e\u5f7b\u5e95\u770b\u7a7a\u3002\u4ed6\u91cd\u7533\u6469\u6839\u58eb\u4e39\u5229\u7684\u957f\u671f\u725b\u5e02\u89c2\u70b9\uff0c\u8ba4\u4e3a\u77ed\u671f\u9635\u75db\u8fc7\u540e\uff0c\u5e02\u573a\u5c06\u8fce\u6765\u53cd\u5f39\u3002\u4ed6\u5217\u4e3e\u4e86\u591a\u4e2a\u4e2d\u671f\u50ac\u5316\u5242\uff1a\u5e7f\u6cdb\u7684\u76c8\u5229\u589e\u957f\u3001\u7f8e\u56fd\u5bf9\u6cb9\u4ef7\u51b2\u51fb\u7684\u5929\u7136\u514d\u75ab\u529b\uff08\u76f8\u6bd4\u4e9a\u6d32\u548c\u6b27\u6d32\uff09\u3001\u4ee5\u53ca\u201c\u5927\u7f8e\u4e3d\u6cd5\u6848\u201d\u4e2d\u7684\u8d22\u653f\u653f\u7b56\u652f\u6301\u3002\u4ed6\u63d0\u9192\u6295\u8d44\u8005\uff1a\u201c\u5e02\u573a\u4f4e\u70b9\u5f62\u6210\u6bd4\u9876\u90e8\u5feb\u5f97\u591a\uff0c\u6240\u4ee5\u8981\u505a\u597d\u51c6\u5907\uff0c\u5728\u725b\u5e02\u4e8e\u4eca\u5e74\u665a\u4e9b\u65f6\u5019\u6062\u590d\u65f6\u53ca\u65f6\u589e\u52a0\u98ce\u9669\u3002\u201d<\/p>\n

Fundstrat\u7684Tom Lee\uff1a\u5148\u53cd\u5f39\u81f37300\u70b9\uff0c\u518d\u5165\u718a<\/h2>\n

\u4e0eWilson\u7684\u77ed\u671f\u8c28\u614e\u4e0d\u540c\uff0cFundstrat\u7684Tom Lee\u5c55\u73b0\u51fa\u66f4\u79ef\u6781\u7684\u591a\u5934\u59ff\u6001\u3002\u4ed6\u5728\u63a5\u53d7CNBC\u91c7\u8bbf\u65f6\u8868\u793a\uff0c\u5c3d\u7ba1\u4eca\u5e74\u665a\u4e9b\u65f6\u5019\u53ef\u80fd\u51fa\u73b020%\u7684\u5927\u8dcc\u5e76\u89e6\u53d1\u718a\u5e02\uff0c\u4f46\u5728\u6b64\u4e4b\u524d\uff0c\u6807\u666e500\u6709\u671b\u5148\u51b2\u4e0a7300\u70b9\u3002<\/p>\n

Lee\u7684\u4e50\u89c2\u57fa\u4e8e\u4e24\u4e2a\u89c2\u5bdf\uff1a\u4e00\u662f\u5e02\u573a\u5df2\u7ecf\u901a\u8fc7\u9ad8beta\u677f\u5757\u7684\u5267\u70c8\u56de\u8c03\u5b9e\u73b0\u4e86\u201c\u81ea\u6211\u6e05\u6d01\u201d\uff0c\u4e8c\u662f\u8f6f\u4ef6\u80a1\u548c\u6bd4\u7279\u5e01\u7b49\u6295\u673a\u6027\u8d44\u4ea7\u5df2\u7ecf\u5386\u4e86\u8db3\u591f\u6df1\u7684\u8dcc\u5e45\uff0c\u4e3a\u53cd\u5f39\u94fa\u5e73\u4e86\u9053\u8def\u3002\u6570\u636e\u663e\u793a\uff0ciShares Expanded Tech-Software Sector ETF\uff08IGV\uff09\u5e74\u521d\u81f3\u4eca\u4e0b\u8dcc18.5%\uff0c\u8fc7\u53bb\u4e09\u4e2a\u6708\u8dcc\u5e45\u8fbe21.7%\uff1b\u6bd4\u7279\u5e01\u540c\u671f\u4e0b\u8dcc19.1%\uff0c\u8fc7\u53bb\u516d\u4e2a\u6708\u66f4\u662f\u91cd\u632b\u8fd140%\u3002Lee\u8ba4\u4e3a\uff0c\u8fd9\u79cd\u5e45\u5ea6\u7684\u4e0b\u8dcc\u6324\u6389\u4e86\u5927\u91cf\u6295\u673a\u548c\u6760\u6746\uff0c\u201c\u8f6f\u4ef6\u80a1\u5df2\u7ecf\u89c1\u5e95\u201d\uff0c\u6bd4\u7279\u5e01\u4e5f\u7ecf\u5386\u4e86\u5386\u53f2\u4e0a\u6700\u5927\u7684\u53bb\u6760\u6746\u4e8b\u4ef6\u3002<\/p>\n

\u5bf9\u4e8e\u8fd1\u671f\u56e0\u4f0a\u6717\u51b2\u7a81\u800c\u98d9\u5347\u7684\u6cb9\u4ef7\uff0cLee\u63d0\u51fa\u4e86\u4e00\u4e2a\u53cd\u76f4\u89c9\u7684\u89c2\u70b9\uff1a\u6cb9\u4ef7\u4e0a\u6da8\u5bf9\u7f8e\u56fd\u80a1\u5e02\u662f\u597d\u4e8b\u3002\u4ed6\u89e3\u91ca\uff0c\u7531\u4e8e\u7f8e\u56fd\u73b0\u5728\u662f\u77f3\u6cb9\u51c0\u51fa\u53e3\u56fd\uff0c\u9ad8\u6cb9\u4ef7\u5bf9\u6574\u4e2a\u7ecf\u6d4e\u6709\u5229\uff0c\u5c24\u5176\u4f7f\u5f97\u7f8e\u56fd\u6210\u957f\u80a1\u76f8\u5bf9\u4e8e\u5176\u4ed6\u5e02\u573a\u66f4\u5177\u5438\u5f15\u529b\u3002\u201c\u5f53\u589e\u957f\u7a00\u7f3a\u65f6\uff0c\u4eba\u4eec\u4f1a\u4e70\u5165\u6210\u957f\u80a1\uff0c\u800c\u7f8e\u80a1\u5c31\u662f\u4e00\u4e2a\u6210\u957f\u6307\u6570\uff0c\u201d\u4ed6\u8bf4\u3002<\/p>\n

Lee\u7684\u8def\u5f84\u9884\u6d4b\u662f\uff1a\u5e02\u573a\u53ef\u80fd\u57283\u6708\u6682\u505c\u8c03\u6574\uff0c\u7136\u540e\u4eca\u5e74\u665a\u4e9b\u65f6\u5019\u8fbe\u52307300\u70b9\uff0c\u4e4b\u540e\u771f\u6b63\u7684\u718a\u5e02\u624d\u4f1a\u73b0\u8eab\u3002<\/p>\n

\u591a\u7a7a\u903b\u8f91\u7684\u6df1\u5c42\u5dee\u5f02<\/h2>\n

\u4e24\u4f4d\u7b56\u7565\u5e08\u7684\u5206\u6b67\u672c\u8d28\u4e0a\u662f\u5bf9\u98ce\u9669\u6765\u6e90\u548c\u8c03\u6574\u9636\u6bb5\u7684\u5224\u65ad\u4e0d\u540c\u3002Wilson\u8ba4\u4e3a\uff0c\u6307\u6570\u672c\u8eab\u7684\u8c03\u6574\u8fd8\u4e0d\u591f\uff0c\u9700\u8981\u4f18\u8d28\u80a1\u8865\u8dcc\u624d\u80fd\u5b8c\u6210\u51fa\u6e05\uff1b\u800cLee\u8ba4\u4e3a\uff0c\u8c03\u6574\u5df2\u7ecf\u5728\u8f6f\u4ef6\u3001\u52a0\u5bc6\u8d27\u5e01\u7b49\u9886\u57df\u6df1\u5ea6\u53d1\u751f\uff0c\u6307\u6570\u5c42\u9762\u7684\u4fee\u590d\u5373\u5c06\u5c55\u5f00\u3002\u4e24\u4eba\u90fd\u770b\u5230\u4e86\u725b\u5e02\u7684\u5ef6\u7eed\uff0c\u4f46\u8282\u594f\u622a\u7136\u76f8\u53cd\uff1aWilson\u4e3b\u5f20\u5148\u8dcc\u540e\u6da8\uff0cLee\u4e3b\u5f20\u5148\u6da8\u540e\u8dcc\u3002<\/p>\n

\u5bf9\u4e8e\u6295\u8d44\u8005\u800c\u8a00\uff0c\u8fd9\u79cd\u9876\u7ea7\u673a\u6784\u7684\u5bf9\u7acb\u6070\u6070\u63d0\u9192\u4e86\u5e02\u573a\u7684\u590d\u6742\u6027\u3002\u6b63\u5982Lee\u6240\u8a00\uff0c\u201c\u5e02\u573a\u4f4e\u70b9\u6bd4\u9876\u90e8\u6765\u5f97\u66f4\u5feb\u201d\uff0cWilson\u4e5f\u5efa\u8bae\u201c\u505a\u597d\u51c6\u5907\u589e\u52a0\u98ce\u9669\u201d\u3002\u5728\u591a\u7a7a\u6fc0\u8fa9\u4e2d\uff0c\u552f\u4e00\u786e\u5b9a\u7684\u662f\uff0c\u6ce2\u52a8\u6027\u5c06\u6210\u4e3a\u672a\u6765\u6570\u5468\u7684\u4e3b\u65cb\u5f8b\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u8fdb\u51653\u6708\u4e2d\u65ec\uff0c\u7f8e\u80a1\u5e02\u573a\u7684\u591a\u7a7a\u5bf9\u51b3\u6108\u6f14\u6108\u70c8\u3002\u4e00\u8fb9\u662f\u6469\u6839\u58eb\u4e39\u5229\u9996\u5e2d\u6295\u8d44\u5b98Mike Wilson\u8b66\u544a\uff0c\u6807\u666e500\u6307\u6570 […]<\/p>\n","protected":false},"author":27,"featured_media":567041,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[430],"tags":[2415,1787,737,2247],"class_list":["post-625356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trends-strategies-zh-hans","tag-u-s-stocks-zh-hans","tag-1787","tag-737","tag-2247","sectors-cryptocurrency-zh-hans","sectors-technology-zh-hans","locations-us-zh-hans"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/625356","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=625356"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/625356\/revisions"}],"predecessor-version":[{"id":625359,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/posts\/625356\/revisions\/625359"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media\/567041"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=625356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=625356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=625356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}