[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-JP2023113022035282885":3,"related-JP2023113022035282885":34},{"pageSize":4,"id":5,"productLine":6,"status":7,"articleCode":8,"articleType":9,"showStyle":7,"mediaType":10,"fileInputUrl":11,"articleTitle":12,"coverImage":13,"listImage":14,"introduction":15,"description":16,"nonVipDescription":17,"postTime":18,"viewTime":19,"sortNumber":20,"isFree":21,"isShowList":7,"isRecommend":21,"linkType":7,"isOriginal":6,"hasMiniUrl":21,"miniUrl":11,"miniScheme":11,"miniImage":11,"itemTag":11,"createBy":22,"updateBy":23,"createTime":24,"visitCount":25,"isLiked":21,"realSearch":26,"isRead":21,"productId":27,"isCollected":21,"collectCount":21,"vipExclusive":21,"allowComment":7,"style":28,"likeCount":21,"filePath":11,"duration":21,"playStyle":7,"seoKeywords":11,"articleModuleVoList":29,"extendContentList":30,"noteCount":31,"categoryList":32,"dailyKeywordList":33},10,5939,"1",1,"JP2023113022035282885","1041018",3,"","市场在赌美国经济硬着陆","https:\u002F\u002Fimage.jane7.com\u002F3375725c-d389-414b-8026-187a459f2892.png","https:\u002F\u002Fjane7-prod.oss-cn-hangzhou.aliyuncs.com\u002Fmanager\u002Farticle_default_img.png","聊聊美国经济","\u003Csection>\n \u003Csection>\n  \u003Csection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">晚上好，我是很帅的狐狸~\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">昨晚\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(136, 136, 136); font-size: 14px; visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">（29日晚）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">美股又高开\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(136, 136, 136); font-size: 14px; visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">（虽然低走）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">了，我打算稍微聊两句。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">  \u003C\u002Fspan>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">之前我给大家科普过：目前看来，\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; visibility: visible;\">美国经济越差，美股涨得越好\u003C\u002Fstrong>。\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: #222222; font-size: 16px; letter-spacing: 1px; caret-color: #333333; visibility: visible;font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">这是因为，一旦美国经济增速hold不住了，美联储也就不敢加息加太猛——\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">毕竟加息会抬高借贷成本，企业和居民会因此减少借贷，企业少投资居民少消费；另一方面存款利率也上来了，消费者也会多存钱少消费。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">  \u003C\u002Fspan>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">所以反过来，当经济数据很差的时候，美联储会倾向于不加息，甚至降息。\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible;font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">降息会增加市场的流动性，这对美股来说是个利好。\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cbr>\n    \u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">  \u003C\u002Fspan>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">而美股已经涨了挺久的了，那么问题就来了——\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cbr>\n    \u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">  \u003C\u002Fspan>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F806b5884-f6a1-4709-b0e8-cd3a55c1df49.jpg\" alt=\"图片\">\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cbr>\n    \u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">  \u003C\u002Fspan>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">从数据上来看好像不是这样子的——\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51);font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">昨天\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(136, 136, 136); font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">（周三\u002F11月29日）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">，美商务部把美国三季度的GDP从4.9%上修到了5.2%，比预期5%高。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cbr>\n    \u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">  \u003C\u002Fspan>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">哦别慌，这并不意味着美国的经济就很好：大多数投资者都觉得，\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">三季度的漂亮数据是「一次性」的\u003C\u002Fstrong>。\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51);font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">像我之前就\u003C\u002Fspan>\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(0, 82, 255); text-decoration: underline; box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\"> \u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003Ca target=\"_blank\" href=\"http:\u002F\u002Fmp.weixin.qq.com\u002Fs?__biz=MzAwODMyMTY0Ng==&mid=2650629580&idx=1&sn=74dd356d82e52712826b9d0dc1771fb0&chksm=83796acdb40ee3db8637199e40e27583ee0ef8c6f2e210c76d12d16cf36d906c2a96ac75cf7f&scene=21#wechat_redirect\" style=\"margin: 0px; padding: 0px; outline: 0px; text-decoration: underline; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); -webkit-user-drag: none; cursor: pointer; max-width: 100%; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(64, 158, 255); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;;color:#409eff\">\u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(0, 82, 255); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">提到\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); text-decoration: underline; box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\"> \u003C\u002Fspan>\u003C\u002Fstrong>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">过，大行摩根士丹利就分析了几个「一次性因素」——\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cbr>\n    \u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">  \u003C\u002Fspan>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002Fdbcc014c-f5ba-46b9-be20-74136caa1134.jpg\" alt=\"图片\">\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cbr>\n    \u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">  \u003C\u002Fspan>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">这个观点也得到美联储理事沃勒的赞同，他预计四季度美国GDP或许只有\u003C\u002Fspan>\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(214, 168, 65); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">1%~2%\u003C\u002Fspan>\u003C\u002Fstrong>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51);font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">要知道，沃勒是有名的「鹰派」\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(136, 136, 136); font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">（也就是美联储加息的支持者）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51);font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">现在他支持利率政策按兵不动，所以市场开始觉得，接下来美联储降息的概率变高了。\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 0.544px; text-align: center; font-size: var(--articleFontsize); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cbr>\n    \u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">  \u003C\u002Fspan>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">另外，昨天还有一个数据被修正——美国的\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">PCE价格指数\u003C\u002Fstrong>被修正到了3.6%，同样比预期\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(136, 136, 136); font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">（4%）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">更低。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cbr>\n    \u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">  \u003C\u002Fspan>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">这个指数是美联储用来判断通胀水平的主要指标。\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51);font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">PCE低于预期，说明美国的通胀没那么严重了。\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51);font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">要知道，美联储之所以加息，就是为了把通胀给压下来。\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51);font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">现在通胀不那么严重了，加息的必要性自然就低了。\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cbr>\n    \u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">  \u003C\u002Fspan>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002Fbc0a1a7d-5567-40c1-aab5-44d671b61d31.jpg\" alt=\"图片\">\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cbr>\n    \u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">  \u003C\u002Fspan>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">这个预期其实已经形成了一段时间了，我在之前的几篇文章也一直有在提。\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51);font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">而11月以来，市场越来越坚信美国的经济就要hold不住了——\u003Cbr>\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51);font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">像是「美债之神」、对冲基金大佬Bill Ackman直接就说了，美联储最早会在明年一季度就降息，不然美国经济分分钟「硬着陆」。\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51);font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">而根据芝商所FedWatch工具的数据，市场大多数人还是觉得比较大概率还是明年5月份会降息。\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cbr>\n    \u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">  \u003C\u002Fspan>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002Fd859b5b0-f01e-4b87-bd98-0d31603329e9.jpg\" alt=\"图片\">\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cbr>\n    \u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">  \u003C\u002Fspan>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">当然，\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">等到时候再去扫货肯定是来不及的了\u003C\u002Fstrong>——已经有预期的资金，早就跑进场，把价格给抬高了。\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cbr>\n    \u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">  \u003C\u002Fspan>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">降息直接利好的是美股和美债——\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51);font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">美股三大股指11月以来都在涨，纳斯达克更是涨超10%。\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51);font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">而美债方面，美国10年期国债收益率也在下行\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(136, 136, 136); font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">（债的价格跟其到期收益率是反着走的，说明债在涨）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cbr>\n    \u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">  \u003C\u002Fspan>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F897aab70-1109-49dc-90a0-86619e2a186d.jpg\" alt=\"图片\">\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(136, 136, 136); font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">截图\u002F 新浪财经\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cbr>\n    \u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">  \u003C\u002Fspan>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">根据华尔街见闻的报道，全球债券正以2008年金融危机以来最快的速度飙升——彭博全球主权债务和企业债务指数11月份的回报率达到了4.9%。\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cbr>\n    \u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">  \u003C\u002Fspan>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">而对A股来说，美联储不加息甚至降息，也会是个\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">直接利好\u003C\u002Fstrong>——\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cbr>\n    \u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">  \u003C\u002Fspan>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">一方面，\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">央妈会有更多的「放水」的空间\u003C\u002Fstrong>。\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51);font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">之前美联储在加息，央妈一旦放水，外资就会把A股中债给抛了，然后把人民币给换回美元回去赚高息。\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cbr>\n    \u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">  \u003C\u002Fspan>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">现在美联储不加息反而要降息，那咱央妈的手也可以更松一些了。\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cbr>\n    \u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">  \u003C\u002Fspan>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">另一方面，\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">大部分机构的定价模型，还是会用10年期美债到期收益率的\u003C\u002Fstrong>。\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51);font-family: Optima-Regular, PingFangTC-light;\">\u003Cbr>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">特别是公司的价值更多是在未来体现的成长股，对美国的利率会更敏感一些。\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cbr>\n    \u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">  \u003C\u002Fspan>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">从规模来看，A股里头对美债收益率更敏感的，还是小盘股\u002F微盘股——\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cbr>\n    \u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">  \u003C\u002Fspan>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F4487ac49-0a5a-4add-8152-a9223bc5d815.jpg\" alt=\"图片\">\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cbr>\n    \u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">  \u003C\u002Fspan>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cp style=\"margin-left:16px;margin-right:16px\">\u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">像是我之前科普过的\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(0, 82, 255); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\"> \u003C\u002Fspan>\u003C\u002Fspan>\u003Ca target=\"_blank\" href=\"http:\u002F\u002Fmp.weixin.qq.com\u002Fs?__biz=MzAwODMyMTY0Ng==&mid=2650629152&idx=1&sn=f5f93d0c1035aed7b80dcd96f30eb894&chksm=83796b21b40ee237cb527edd5557bb06f63123429feb3cb385a48b6a198a76110ddd4ceb811f&scene=21#wechat_redirect\" style=\"text-decoration: underline; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); -webkit-user-drag: none; cursor: pointer; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(0, 82, 255); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;;color:#409eff\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(0, 82, 255); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">中证2000ETF\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(0, 82, 255); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\"> \u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(136, 136, 136); font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">（SH:563300）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">，在这种情况下往往会有更好的弹性。如果没有券商账户，也可以考虑整点场外联接基金\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(136, 136, 136); font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">（A类019870，C类019871)\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\n   \u003C\u002Fsection>\n   \u003Csection>\n    \u003Cbr>\n    \u003Cspan style=\"font-family:arial, helvetica,sans-serif;\">  \u003C\u002Fspan>\n   \u003C\u002Fsection>\n   \u003Cp style=\"text-align:justify; margin: 0px 16px; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgba(0, 0, 0, 0.9); font-size: 17px; letter-spacing: 0.544px; text-indent: 0em; text-decoration-thickness: initial; line-height: 2em; box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;font-family: arial, helvetica, sans-serif;\">晚安🌹\u003C\u002Fspan>\u003C\u002Fp>\n   \u003Csection>\n    \u003Cp>\u003Cbr>\u003C\u002Fp>\n   \u003C\u002Fsection>\n  \u003C\u002Fsection>\n \u003C\u002Fsection>\n\u003C\u002Fsection>","\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">晚上好，我是很帅的狐狸~\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Cp>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;\">昨晚\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(136, 136, 136); font-size: 14px; visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;\">（29日晚）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;\">美股又高开\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(136, 136, 136); font-size: 14px; visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;\">（虽然低走）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;\">了，我打算稍微聊两句。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\"> \u003C\u002Fspan>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">之前我给大家科普过：目前看来，\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;\">美国经济越差，美股涨得越好\u003C\u002Fstrong>。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">这是因为，一旦美国经济增速hold不住了，美联储也就不敢加息加太猛——\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;\">毕竟加息会抬高借贷成本，企业和居民会因此减少借贷，企业少投资居民少消费；另一方面存款利率也上来了，消费者也会多存钱少消费。\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 0.544px; text-align: center; font-size: var(--articleFontsize); visibility: visible; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\"> \u003C\u002Fspan>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">所以反过来，当经济数据很差的时候，美联储会倾向于不加息，甚至降息。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); visibility: visible; font-family: Optima-Regular, PingFangTC-light; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">降息会增加市场的流动性，这对美股来说是个利好。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\"> \u003C\u002Fspan>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">而美股已经涨了挺久的了，那么问题就来了——\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\"> \u003C\u002Fspan>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F806b5884-f6a1-4709-b0e8-cd3a55c1df49.jpg\" alt=\"图片\"\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\"> \u003C\u002Fspan>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">从数据上来看好像不是这样子的——\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: Optima-Regular, PingFangTC-light; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;\">昨天\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(136, 136, 136); font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">（周三\u002F11月29日）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;\">，美商务部把美国三季度的GDP从4.9%上修到了5.2%，比预期5%高。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\"> \u003C\u002Fspan>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">哦别慌，这并不意味着美国的经济就很好：大多数投资者都觉得，\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">三季度的漂亮数据是「一次性」的\u003C\u002Fstrong>。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: Optima-Regular, PingFangTC-light; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;\">像我之前就\u003C\u002Fspan>\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(0, 82, 255); text-decoration-line: underline; box-sizing: border-box !important; overflow-wrap: break-word !important;\"> \u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003Ca target=\"_blank\" href=\"http:\u002F\u002Fmp.weixin.qq.com\u002Fs?__biz=MzAwODMyMTY0Ng==&mid=2650629580&idx=1&sn=74dd356d82e52712826b9d0dc1771fb0&chksm=83796acdb40ee3db8637199e40e27583ee0ef8c6f2e210c76d12d16cf36d906c2a96ac75cf7f&scene=21#wechat_redirect\" style=\"margin: 0px; padding: 0px; outline: 0px; -webkit-tap-highlight-color: rgba(0, 0, 0, 0); -webkit-user-drag: none; cursor: pointer; max-width: 100%; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(64, 158, 255); font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(0, 82, 255); box-sizing: border-box !important; overflow-wrap: break-word !important;\">提到\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fa>\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\">\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); text-decoration-line: underline; box-sizing: border-box !important; overflow-wrap: break-word !important;\"> \u003C\u002Fspan>\u003C\u002Fstrong>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;\">过，大行摩根士丹利就分析了几个「一次性因素」——\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\"> \u003C\u002Fspan>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002Fdbcc014c-f5ba-46b9-be20-74136caa1134.jpg\" alt=\"图片\"\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\"> \u003C\u002Fspan>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;\">这个观点也得到美联储理事沃勒的赞同，他预计四季度美国GDP或许只有\u003C\u002Fspan>\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(214, 168, 65); box-sizing: border-box !important; overflow-wrap: break-word !important;\">1%~2%\u003C\u002Fspan>\u003C\u002Fstrong>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;\">。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: Optima-Regular, PingFangTC-light; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;\">要知道，沃勒是有名的「鹰派」\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(136, 136, 136); font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">（也就是美联储加息的支持者）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;\">。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: Optima-Regular, PingFangTC-light; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;\">现在他支持利率政策按兵不动，所以市场开始觉得，接下来美联储降息的概率变高了。\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 0.544px; text-align: center; font-size: var(--articleFontsize); box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\"> \u003C\u002Fspan>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;\">另外，昨天还有一个数据被修正——美国的\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">PCE价格指数\u003C\u002Fstrong>被修正到了3.6%，同样比预期\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(136, 136, 136); font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">（4%）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;\">更低。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\"> \u003C\u002Fspan>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">这个指数是美联储用来判断通胀水平的主要指标。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: Optima-Regular, PingFangTC-light; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">PCE低于预期，说明美国的通胀没那么严重了。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: Optima-Regular, PingFangTC-light; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">要知道，美联储之所以加息，就是为了把通胀给压下来。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: Optima-Regular, PingFangTC-light; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">现在通胀不那么严重了，加息的必要性自然就低了。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\"> \u003C\u002Fspan>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002Fbc0a1a7d-5567-40c1-aab5-44d671b61d31.jpg\" alt=\"图片\"\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\"> \u003C\u002Fspan>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">这个预期其实已经形成了一段时间了，我在之前的几篇文章也一直有在提。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: Optima-Regular, PingFangTC-light; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">而11月以来，市场越来越坚信美国的经济就要hold不住了——\u003Cbr\u002F>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: Optima-Regular, PingFangTC-light; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">像是「美债之神」、对冲基金大佬Bill Ackman直接就说了，美联储最早会在明年一季度就降息，不然美国经济分分钟「硬着陆」。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: Optima-Regular, PingFangTC-light; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">而根据芝商所FedWatch工具的数据，市场大多数人还是觉得比较大概率还是明年5月份会降息。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\"> \u003C\u002Fspan>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002Fd859b5b0-f01e-4b87-bd98-0d31603329e9.jpg\" alt=\"图片\"\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\"> \u003C\u002Fspan>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">当然，\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">等到时候再去扫货肯定是来不及的了\u003C\u002Fstrong>——已经有预期的资金，早就跑进场，把价格给抬高了。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\"> \u003C\u002Fspan>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">降息直接利好的是美股和美债——\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: Optima-Regular, PingFangTC-light; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">美股三大股指11月以来都在涨，纳斯达克更是涨超10%。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: Optima-Regular, PingFangTC-light; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;\">而美债方面，美国10年期国债收益率也在下行\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(136, 136, 136); font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">（债的价格跟其到期收益率是反着走的，说明债在涨）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;\">。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\"> \u003C\u002Fspan>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F897aab70-1109-49dc-90a0-86619e2a186d.jpg\" alt=\"图片\"\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(136, 136, 136); font-size: 14px; font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">截图\u002F 新浪财经\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\"> \u003C\u002Fspan>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">根据华尔街见闻的报道，全球债券正以2008年金融危机以来最快的速度飙升——彭博全球主权债务和企业债务指数11月份的回报率达到了4.9%。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\"> \u003C\u002Fspan>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">而对A股来说，美联储不加息甚至降息，也会是个\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">直接利好\u003C\u002Fstrong>——\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\"> \u003C\u002Fspan>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">一方面，\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">央妈会有更多的「放水」的空间\u003C\u002Fstrong>。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: Optima-Regular, PingFangTC-light; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">之前美联储在加息，央妈一旦放水，外资就会把A股中债给抛了，然后把人民币给换回美元回去赚高息。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\"> \u003C\u002Fspan>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">现在美联储不加息反而要降息，那咱央妈的手也可以更松一些了。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\"> \u003C\u002Fspan>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">另一方面，\u003Cstrong style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">大部分机构的定价模型，还是会用10年期美债到期收益率的\u003C\u002Fstrong>。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-top: 0px; margin-bottom: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: Optima-Regular, PingFangTC-light; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">特别是公司的价值更多是在未来体现的成长股，对美国的利率会更敏感一些。\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\"> \u003C\u002Fspan>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">从规模来看，A股里头对美债收益率更敏感的，还是小盘股\u002F微盘股——\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\"> \u003C\u002Fspan>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cimg class=\"rich_pages wxw-img\" src=\"https:\u002F\u002Fimage.jane7.com\u002F4487ac49-0a5a-4add-8152-a9223bc5d815.jpg\" alt=\"图片\"\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\"> \u003C\u002Fspan>\u003C\u002Fsection>\u003Csection>\u003Cp style=\"margin-right: 16px; margin-left: 16px;\">\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;\">像是我之前科普过的\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(0, 82, 255); box-sizing: border-box !important; overflow-wrap: break-word !important;\"> \u003C\u002Fspan>\u003C\u002Fspan>\u003Ca target=\"_blank\" href=\"http:\u002F\u002Fmp.weixin.qq.com\u002Fs?__biz=MzAwODMyMTY0Ng==&mid=2650629152&idx=1&sn=f5f93d0c1035aed7b80dcd96f30eb894&chksm=83796b21b40ee237cb527edd5557bb06f63123429feb3cb385a48b6a198a76110ddd4ceb811f&scene=21#wechat_redirect\" style=\"-webkit-tap-highlight-color: rgba(0, 0, 0, 0); -webkit-user-drag: none; cursor: pointer; margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(0, 82, 255); font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; box-sizing: border-box !important; overflow-wrap: break-word !important;\">中证2000ETF\u003C\u002Fspan>\u003C\u002Fa>\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(0, 82, 255); box-sizing: border-box !important; overflow-wrap: break-word !important;\"> \u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(136, 136, 136); font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">（SH:563300）\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;\">，在这种情况下往往会有更好的弹性。如果没有券商账户，也可以考虑整点场外联接基金\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; letter-spacing: 1px; caret-color: rgb(51, 51, 51); color: rgb(136, 136, 136); font-size: 14px; box-sizing: border-box !important; overflow-wrap: break-word !important;\">（A类019870，C类019871)\u003C\u002Fspan>\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); letter-spacing: 1px; caret-color: rgb(51, 51, 51); box-sizing: border-box !important; overflow-wrap: break-word !important;\">。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\u003C\u002Fsection>\u003Csection>\u003Cbr\u002F>\u003Cspan style=\"font-family: arial, helvetica, sans-serif;\"> \u003C\u002Fspan>\u003C\u002Fsection>\u003C\u002Fp>\u003Cp style=\"margin: 0px 16px; text-align: justify; padding: 0px; outline: 0px; max-width: 100%; clear: both; min-height: 1em; color: rgba(0, 0, 0, 0.9); font-size: 17px; letter-spacing: 0.544px; text-indent: 0em; line-height: 2em; font-family: system-ui, -apple-system, BlinkMacSystemFont, "Helvetica Neue", "PingFang SC", "Hiragino Sans GB", "Microsoft YaHei UI", "Microsoft YaHei", Arial, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">\u003Cspan style=\"margin: 0px; padding: 0px; outline: 0px; max-width: 100%; color: rgb(34, 34, 34); font-size: 16px; letter-spacing: 1px; caret-color: rgb(51, 51, 51); font-family: arial, helvetica, sans-serif; box-sizing: border-box !important; overflow-wrap: break-word !important;\">晚安🌹\u003C\u002Fspan>\u003C\u002Fp>\u003Cp>\u003Csection>\u003Cp>\u003Cbr\u002F>\u003C\u002Fp>\u003C\u002Fsection>\u003C\u002Fp>\u003Cp>\u003Cbr\u002F>\u003C\u002Fp>","2023-11-30 22:04:58","2023-11-30 22:04:57",100,0,"liufei@jane7.com","liuweixin@jane7.com","2023-11-30 22:03:52",27,false,15865,"1038002",[],[],2,[],[],[]]