{"id":632951,"date":"2026-04-22T20:12:21","date_gmt":"2026-04-23T03:12:21","guid":{"rendered":"https:\/\/nai500.com\/?p=632951"},"modified":"2026-04-22T20:12:21","modified_gmt":"2026-04-23T03:12:21","slug":"%e7%95%b6%e8%a5%bf%e6%96%b9%e9%82%84%e5%9c%a8%e7%86%b1%e7%82%92%e6%af%94%e7%89%b9%e5%b9%a3%e6%99%82%ef%bc%8c%e4%b8%ad%e5%9c%8b%e5%8d%bb%e5%9c%a8%e7%8b%82%e8%b2%b7%e9%87%91%e9%8a%80","status":"publish","type":"post","link":"https:\/\/nai500.com\/zh-hant\/blog\/2026\/04\/%e7%95%b6%e8%a5%bf%e6%96%b9%e9%82%84%e5%9c%a8%e7%86%b1%e7%82%92%e6%af%94%e7%89%b9%e5%b9%a3%e6%99%82%ef%bc%8c%e4%b8%ad%e5%9c%8b%e5%8d%bb%e5%9c%a8%e7%8b%82%e8%b2%b7%e9%87%91%e9%8a%80\/","title":{"rendered":"\u7576\u897f\u65b9\u9084\u5728\u71b1\u7092\u6bd4\u7279\u5e63\u6642\uff0c\u4e2d\u570b\u537b\u5728\u72c2\u8cb7\u91d1\u9280"},"content":{"rendered":"

2026\u5e74\u7b2c\u4e00\u5b63\u5ea6\u525b\u904e\uff0c\u5168\u7403\u8cb4\u91d1\u5c6c\u5e02\u5834\u5c31\u88ab\u4e00\u7d44\u4f86\u81ea\u4e2d\u570b\u6d77\u95dc\u7684\u6578\u64da\u5fb9\u5e95\u9ede\u71c3\u3002\u7576\u83ef\u723e\u8857\u4ea4\u6613\u54e1\u70ba\u6bd4\u7279\u5e63\u91cd\u8fd4\u6f32\u52e2\u800c\u8208\u596e\u6642\uff0c\u6771\u65b9\u7684\u5be6\u7269\u8cb7\u5bb6\u6b63\u4ee5\u8fd1\u4e4e\u760b\u72c2\u7684\u7bc0\u594f\u5c07\u91d1\u9280\u904b\u5165\u570b\u5167\u30023\u6708\uff0c\u4e2d\u570b\u767d\u9280\u9032\u53e3\u74b0\u6bd4\u66b4\u589e78%\uff0c\u9054\u5230\u5275\u7d00\u9304\u7684836\u5678\uff1b\u9ec3\u91d1\u9032\u53e3\u6500\u5347\u81f3162\u5678\uff0c\u70ba2024\u5e743\u6708\u4ee5\u4f86\u6700\u9ad8\u3002\u9019\u4e9b\u6578\u5b57\u4e0d\u662f\u201c\u5927\u201d\uff0c\u800c\u662f\u201c\u524d\u6240\u672a\u6709\u201d\u3002<\/p>\n

\u767d\u9280\u9700\u6c42\u7206\u70b8\uff1a\u5149\u4f0f\u6436\u88dd\u8207\u6563\u6236\u6284\u5e95\u96d9\u91cd\u9a45\u52d5<\/h2>\n

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The Kobeissi Letter\u516c\u4f48\u7684\u5716\u8868\u986f\u793a\uff0c2026\u5e743\u6708\u9032\u53e3\u91cf\u8fd1\u4e4e\u5782\u76f4\u62c9\u5347\uff0c\u9060\u8d85\u6b77\u53f2\u4e0a\u4efb\u4f55\u55ae\u6708\u8868\u73fe\u3002\u7926\u5c71\u7522\u51fa\u589e\u901f\u9060\u8ddf\u4e0d\u4e0a\u8108\u885d\u5f0f\u9700\u6c42\uff0c\u5be6\u7269\u767d\u9280\u7684\u7dca\u5f35\u683c\u5c40\u6b63\u5728\u52a0\u5287\u3002<\/p>\n

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\u897f\u65b9\u7092\u5e63\uff0c\u6771\u65b9\u56e4\u91d1<\/h2>\n

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\u5c0d\u65bc\u9577\u7dda\u6295\u8cc7\u8005\u800c\u8a00\uff0c\u592e\u884c\u8cfc\u91d1\u7684\u6700\u5927\u610f\u7fa9\u5728\u65bc\u6539\u8b8a\u4e86\u5e02\u5834\u6301\u5009\u7d50\u69cb\u3002\u8207\u9ad8\u983b\u57fa\u91d1\u4e0d\u540c\uff0c\u5b98\u65b9\u5132\u5099\u7ba1\u7406\u8005\u4e0d\u6703\u5728\u91d1\u50f9\u56de\u8abf\u6642\u6b62\u640d\u3002\u9ec3\u91d1\u4e00\u65e6\u9032\u5165\u592e\u884c\u91d1\u5eab\uff0c\u5e7e\u4e4e\u6c38\u4e45\u9000\u51fa\u516c\u958b\u6d41\u901a\u3002\u800c\u5168\u7403\u91d1\u7926\u5e74\u7522\u91cf\u589e\u9577\u7de9\u6162\u3002\u7576\u5de8\u91cf\u8cb7\u5bb6\u6708\u8907\u4e00\u6708\u5438\u6536\u5be6\u7269\u91d1\u5c6c\u6642\uff0c\u7559\u7d66ETF\u3001\u73e0\u5bf6\u5546\u548c\u5de5\u696d\u7528\u6236\u7684\u5b58\u91cf\u4fbf\u6301\u7e8c\u6e1b\u5c11\u3002\u9019\u7a2e\u8679\u5438\u6548\u61c9\u4e0d\u65b7\u6536\u7dca\u5e02\u5834\u6d41\u52d5\u6027\uff0c\u653e\u5927\u50f9\u683c\u5c0d\u65b0\u9700\u6c42\u7684\u654f\u611f\u5ea6\u3002<\/p>\n

\u7576\u6bd4\u7279\u5e63\u7684\u7092\u4f5c\u8072\u6d6a\u63a9\u84cb\u4e86\u5be6\u7269\u5e02\u5834\u7684\u6697\u6d41\u6e67\u52d5\uff0c\u6771\u65b9\u7684\u8ca8\u8239\u537b\u6b63\u4ee5\u524d\u6240\u672a\u6709\u7684\u5bc6\u5ea6\u9760\u5cb8\u3002\u91d1\u9280\u50f9\u683c\u773c\u4e0b\u4f3c\u4e4e\u5728\u4f11\u606f\uff0c\u4f46\u6578\u64da\u8868\u660e\uff0c\u4e0b\u4e00\u8f2a\u4e0a\u6f32\u53ea\u662f\u6642\u9593\u554f\u984c\uff0c\u800c\u975e\u6703\u4e0d\u6703\u767c\u751f\u7684\u554f\u984c\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

2026\u5e74\u7b2c\u4e00\u5b63\u5ea6\u525b\u904e\uff0c\u5168\u7403\u8cb4\u91d1\u5c6c\u5e02\u5834\u5c31\u88ab\u4e00\u7d44\u4f86\u81ea\u4e2d\u570b\u6d77\u95dc\u7684\u6578\u64da\u5fb9\u5e95\u9ede\u71c3\u3002\u7576\u83ef\u723e\u8857\u4ea4\u6613\u54e1\u70ba\u6bd4\u7279\u5e63\u91cd\u8fd4\u6f32\u52e2\u800c\u8208\u596e […]<\/p>\n","protected":false},"author":27,"featured_media":576783,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1522,431,2197],"tags":[801,804,565,561],"class_list":["post-632951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1522","category-trends-strategies-zh-hant","category-2197","tag-801","tag-804","tag-565","tag-561","sectors-cryptocurrency-zh-hant","sectors-gold-zh-hant","locations-china-zh-hant","locations-us-zh-hant"],"acf":[],"_links":{"self":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/632951","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\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/comments?post=632951"}],"version-history":[{"count":3,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/632951\/revisions"}],"predecessor-version":[{"id":632954,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/posts\/632951\/revisions\/632954"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media\/576783"}],"wp:attachment":[{"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=632951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/categories?post=632951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nai500.com\/zh-hant\/wp-json\/wp\/v2\/tags?post=632951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}