{"id":595656,"date":"2025-09-29T19:36:16","date_gmt":"2025-09-30T02:36:16","guid":{"rendered":"https:\/\/nai500.com\/blog\/2025\/09\/goldman-sachs-bullish-on-stocks-but-warns-two-major-risks-cannot-be-ignore\/"},"modified":"2025-09-29T19:36:44","modified_gmt":"2025-09-30T02:36:44","slug":"%e9%ab%98%e7%9b%9b%e5%94%b1%e5%a4%9a%e8%82%a1%e5%b8%82%e4%bd%86%e8%ad%a6%e5%91%8a%e5%85%a9%e5%a4%a7%e9%a2%a8%e9%9a%aa%e4%b8%8d%e5%ae%b9%e5%bf%bd%e8%a6%96","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2025\/09\/%e9%ab%98%e7%9b%9b%e5%94%b1%e5%a4%9a%e8%82%a1%e5%b8%82%e4%bd%86%e8%ad%a6%e5%91%8a%e5%85%a9%e5%a4%a7%e9%a2%a8%e9%9a%aa%e4%b8%8d%e5%ae%b9%e5%bf%bd%e8%a6%96\/","title":{"rendered":"\u9ad8\u76db\u5531\u591a\u80a1\u5e02\uff0c\u4f46\u8b66\u544a\u5169\u5927\u98a8\u96aa\u4e0d\u5bb9\u5ffd\u8996"},"content":{"rendered":"<p class=\"p1\"><span class=\"s1\"><a href=\"https:\/\/nai500.com\/zh-hant\/%e8%82%a1%e7%a5%a8%e6%9f%a5%e8%a9%a2\/?qm_symbol=GS\">\u9ad8\u76db\u96c6\u5718<\/a>\u7b56\u7565\u5e2b\u5718\u968a\u8fd1\u671f\u5c07\u5168\u7403\u80a1\u5e02\u5728\u672a\u4f86\u4e09\u500b\u6708\u7684\u914d\u7f6e\u8a55\u7d1a\u4e0a\u8abf\u81f3\u201c\u589e\u6301\u201d\uff0c\u9810\u8a08\u5e02\u5834\u6f32\u52e2\u6709\u671b\u5ef6\u7e8c\u81f3\u5e74\u5e95\u3002\u8a72\u6c7a\u7b56\u4e3b\u8981\u57fa\u65bc\u4e09\u5927\u6838\u5fc3\u652f\u6490\uff1a\u7f8e\u570b\u7d93\u6fdf\u5c55\u73fe\u51fa\u7684\u97cc\u6027\u3001\u80a1\u5e02\u4f30\u503c\u5177\u5099\u7684\u652f\u6490\u529b\uff0c\u4ee5\u53ca\u7f8e\u806f\u5132\u91cb\u653e\u7684\u9d3f\u6d3e\u8f49\u5411\u4fe1\u865f\u3002\u4ee5<\/span><span class=\"s2\">Christian Mueller-Glissmann<\/span><span class=\"s1\">\u70ba\u9996\u7684\u7b56\u7565\u5e2b\u6307\u51fa\uff0c\u5728\u653f\u7b56\u652f\u6301\u529b\u5ea6\u8f03\u5f37\u7684\u7d93\u6fdf\u9031\u671f\u5f8c\u671f\u968e\u6bb5\uff0c\u80a1\u7968\u8cc7\u7522\u901a\u5e38\u8868\u73fe\u826f\u597d\u3002<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u5718\u968a\u5728\u5831\u544a\u4e2d\u95e1\u8ff0\uff0c\u5f37\u52c1\u7684\u4f01\u696d\u76c8\u5229\u589e\u9577\u3001\u7121\u8870\u9000\u80cc\u666f\u4e0b\u7684\u7f8e\u806f\u5132\u5bec\u677e\u653f\u7b56\u9810\u671f\uff0c\u4ee5\u53ca\u5168\u7403\u8ca1\u653f\u653f\u7b56\u7684\u8da8\u5411\u5bec\u677e\uff0c\u5c07\u6301\u7e8c\u70ba\u80a1\u5e02\u63d0\u4f9b\u52d5\u529b\u3002\u9452\u65bc\u7576\u524d\u8870\u9000\u98a8\u96aa\u53ef\u63a7\uff0c\u4ed6\u5011\u5efa\u8b70\u6295\u8cc7\u8005\u5728\u5e74\u5e95\u524d\u61c9\u628a\u63e1\u80a1\u5e02\u56de\u8abf\u5e36\u4f86\u7684\u8cb7\u5165\u6a5f\u6703\u3002\u9019\u4e00\u6a02\u89c0\u60c5\u7dd2\u5df2\u63a8\u52d5\u5168\u7403\u80a1\u5e02\u5275\u4e0b\u6b77\u53f2\u65b0\u9ad8\uff0c\u5e02\u5834\u666e\u904d\u9810\u671f\u7f8e\u806f\u5132\u5df2\u53ca\u6642\u5553\u52d5\u964d\u606f\u4ee5\u898f\u907f\u7d93\u6fdf\u8870\u9000\u3002\u8207\u6b64\u540c\u6642\uff0c\u4eba\u5de5\u667a\u80fd\u9818\u57df\u91cd\u71c3\u7684\u6295\u8cc7\u71b1\u60c5\u4e5f\u70ba\u79d1\u6280\u5de8\u982d\u6ce8\u5165\u4e86\u65b0\u7684\u589e\u9577\u52d5\u529b\uff0c\u4fc3\u4f7f\u5305\u62ec\u9ad8\u76db\u5728\u5167\u7684\u591a\u5bb6\u6a5f\u69cb\u4e0a\u8abf\u4e86\u5c0d\u6a19\u666e<\/span><span class=\"s2\">500<\/span><span class=\"s1\">\u6307\u6578\u7684\u9810\u671f\u3002\u9ad8\u76db\u7f8e\u570b\u7b56\u7565\u5e2b\u672c\u6708\u65e9\u4e9b\u6642\u5019\u5373\u5c07\u6a19\u666e<\/span><span class=\"s2\">500<\/span><span class=\"s1\">\u6307\u6578\u672a\u4f86\u4e09\u500b\u6708\u7684\u76ee\u6a19\u9ede\u4f4d\u4e0a\u8abf\u81f3<\/span><span class=\"s2\">6800<\/span><span class=\"s1\">\u9ede\uff0c\u9810\u793a\u5c1a\u6709\u7d04<\/span><span class=\"s2\">2%<\/span><span class=\"s1\">\u7684\u4e0a\u6f32\u7a7a\u9593\u3002<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">\u6f5b\u5728\u98a8\u96aa\u8207\u8cc7\u7522\u914d\u7f6e\u7b56\u7565<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">\u5118\u7ba1\u5c0d\u80a1\u5e02\u6301\u7a4d\u6975\u770b\u6cd5\uff0c\u9ad8\u76db\u5718\u968a\u4e5f\u63d0\u793a\u4e86\u77ed\u671f\u5167\u9700\u8b66\u60d5\u7684\u98a8\u96aa\u3002\u9019\u4e9b\u98a8\u96aa\u4e3b\u8981\u4f86\u81ea\u65bc\u7d93\u6fdf\u589e\u9577\u53ef\u80fd\u4e0d\u53ca\u9810\u671f\uff0c\u4ee5\u53ca\u5229\u7387\u5e02\u5834\u7684\u6f5b\u5728\u6ce2\u52d5\u3002\u96a8\u8457\u7f8e\u570b\u52de\u52d5\u529b\u5e02\u5834\u51fa\u73fe\u964d\u6eab\u8de1\u8c61\uff0c\u5e02\u5834\u7684\u7126\u9ede\u6b63\u8f49\u5411\u4e0b\u4e00\u8f2a\u4f01\u696d\u8ca1\u5831\u5b63\uff0c\u4ee5\u671f\u5f9e\u4e2d\u5c0b\u627e\u5168\u7403\u95dc\u7a05\u653f\u7b56\u5c0d\u4f01\u696d\u76c8\u5229\u7684\u5be6\u969b\u5f71\u97ff\u3002\u64da\u5f6d\u535a\u60c5\u5831\u6578\u64da\uff0c\u5206\u6790\u5e2b\u9810\u8a08\u6a19\u666e<\/span><span class=\"s2\">500<\/span><span class=\"s1\">\u6210\u5206\u80a1\u7b2c\u4e09\u5b63\u5ea6\u76c8\u5229\u540c\u6bd4\u589e\u5e45\u50c5\u70ba<\/span><span class=\"s2\">7.1%<\/span><span class=\"s1\">\uff0c\u9019\u53ef\u80fd\u662f\u5169\u5e74\u4f86\u7684\u6700\u5c0f\u6f32\u5e45\u3002<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u5728\u5177\u9ad4\u7684\u8cc7\u7522\u914d\u7f6e\u4e0a\uff0c\u9ad8\u76db\u63a1\u53d6\u4e86\u66f4\u70ba\u7cbe\u7d30\u7684\u4f48\u5c40\u3002\u77ed\u671f\u800c\u8a00\uff0c\u5718\u968a\u5c07\u4fe1\u8cb8\u8cc7\u7522\u7684\u8a55\u7d1a\u5f9e\u201c\u4e2d\u6027\u201d\u4e0b\u8abf\u81f3\u201c\u6e1b\u6301\u201d\uff0c\u8a8d\u70ba\u80a1\u7968\u4f30\u503c\u7684\u6f5b\u5728\u7a81\u7834\u5c0d\u4fe1\u8cb8\u8cc7\u7522\u69cb\u6210\u5236\u7d04\u3002\u7136\u800c\uff0c\u5f9e\u4e2d\u9577\u671f\uff08<\/span><span class=\"s2\">12<\/span><span class=\"s1\">\u500b\u6708\uff09\u8996\u89d2\u770b\uff0c\u8003\u616e\u5230\u8870\u9000\u98a8\u96aa\u76f8\u5c0d\u8f03\u4f4e\u4e14\u5e02\u5834\u4f9b\u9700\u683c\u5c40\u6709\u5229\uff0c\u4ed6\u5011\u5c0d\u4fe1\u8cb8\u8cc7\u7522\u7684\u770b\u6cd5\u4e0d\u518d\u90a3\u9ebc\u60b2\u89c0\uff0c\u4e26\u7dad\u6301\u5c0d\u80a1\u7968\u7684\u201c\u770b\u6f32\u201d\u5efa\u8b70\u3002\u5728\u5340\u57df\u914d\u7f6e\u65b9\u9762\uff0c\u9ad8\u76db\u7dad\u6301\u201c\u4e2d\u6027\u201d\u7acb\u5834\uff0c\u4e26\u91cd\u7533\u901a\u904e\u570b\u969b\u8cc7\u7522\u591a\u5143\u5316\u914d\u7f6e\u4f86\u5206\u6563\u98a8\u96aa\u7684\u5efa\u8b70\u3002<\/span><\/p>\n<h2 class=\"p1\"><span class=\"s1\">\u7f8e\u570b\u7d93\u6fdf\u7684\u65b0\u8b8a\u6578<\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">\u5728\u53e6\u4e00\u4efd\u5831\u544a\u4e2d\uff0c\u9ad8\u76db\u5206\u6790\u5e2b\u79d1<\/span><span class=\"s2\"> Cosimo Codacci-Pisanelli <\/span><span class=\"s1\">\u548c<\/span><span class=\"s2\"> Rikin Shah <\/span><span class=\"s1\">\u63d0\u51fa\u4e86\u7f8e\u570b\u7d93\u6fdf\u53ef\u80fd\u201c\u91cd\u65b0\u52a0\u901f\u201d\u7684\u8b66\u793a\u3002\u4ed6\u5011\u8a8d\u70ba\uff0c\u5728\u52de\u52d5\u529b\u5e02\u5834\u4fdd\u6301\u97cc\u6027\u3001\u8ca1\u653f\u523a\u6fc0\u9810\u671f\u4ee5\u53ca\u5bec\u677e\u91d1\u878d\u74b0\u5883\u7b49\u591a\u91cd\u5229\u597d\u56e0\u7d20\u7684\u63a8\u52d5\u4e0b\uff0c\u7f8e\u570b\u7d93\u6fdf\u8d85\u9810\u671f\u589e\u9577\u7684\u53ef\u80fd\u6027\u6b63\u5728\u4e0a\u5347\u3002\u9ad8\u76db\u7684\u7f8e\u570b\u5b8f\u89c0\u7d93\u6fdf\u610f\u5916\u6307\u6578\u8fd1\u671f\u5927\u5e45\u98c6\u5347\uff0c\u521d\u8acb\u5931\u696d\u91d1\u6578\u64da\u8868\u73fe\u7a4d\u6975\uff0c\u5176\u7814\u7a76\u90e8\u9580\u9810\u8a08\u7f8e\u570b\u7b2c\u4e09\u5b63\u5ea6<\/span><span class=\"s2\">GDP<\/span><span class=\"s1\">\u74b0\u6bd4\u5e74\u5316\u589e\u9577\u7387\u5c07\u9054\u5230<\/span><span class=\"s2\">2.6%<\/span><span class=\"s1\">\u3002<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">\u63a8\u52d5\u9019\u4e00\u98a8\u96aa\u7684\u95dc\u9375\u56e0\u7d20\u5305\u62ec\uff1a\u7531\u98a8\u96aa\u8cc7\u7522\u826f\u597d\u8868\u73fe\u3001\u964d\u606f\u9810\u671f\u548c\u7f8e\u5143\u8d70\u5f31\u5171\u540c\u71df\u9020\u7684\u5bec\u677e\u91d1\u878d\u689d\u4ef6\uff1b\u9810\u8a08\u660e\u5e74\u4e0a\u534a\u5e74\u5c07\u51fa\u73fe\u7684\u7a4d\u6975\u8ca1\u653f\u653f\u7b56\uff1b\u4eba\u5de5\u667a\u80fd\u9818\u57df\u6301\u7e8c\u7684\u8cc7\u672c\u652f\u51fa\uff1b\u4ee5\u53ca\u7a69\u56fa\u7684\u6d88\u8cbb\u8005\u57fa\u790e\u548c\u53bb\u76e3\u7ba1\u5316\u7684\u6f5b\u5728\u5f71\u97ff\u3002<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u9ad8\u76db\u96c6\u5718\u7b56\u7565\u5e2b\u5718\u968a\u8fd1\u671f\u5c07\u5168\u7403\u80a1\u5e02\u5728\u672a\u4f86\u4e09\u500b\u6708\u7684\u914d\u7f6e\u8a55\u7d1a\u4e0a\u8abf\u81f3\u201c\u589e\u6301\u201d\uff0c\u9810\u8a08\u5e02\u5834\u6f32\u52e2\u6709\u671b\u5ef6\u7e8c\u81f3\u5e74\u5e95\u3002\u8a72\u6c7a\u7b56\u4e3b\u8981\u57fa [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":595651,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[426],"tags":[1788,2126,2129,574],"class_list":["post-595656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-news-zh-hant","tag-1788","tag--zh-hant","tag-2129","tag-574","sectors-financial-products-zh-hant","sectors-technology-zh-hant","locations-us-zh-hant","exchange-nyse-zh-hant"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/595656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=595656"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/595656\/revisions"}],"predecessor-version":[{"id":595659,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/595656\/revisions\/595659"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/595651"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=595656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=595656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=595656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}