{"id":226918,"date":"2021-04-07T07:04:37","date_gmt":"2021-04-07T07:04:37","guid":{"rendered":"https:\/\/www.zfx.com\/?post_type=market_outlook&#038;p=226918"},"modified":"2021-04-07T07:05:48","modified_gmt":"2021-04-07T07:05:48","slug":"share424454","status":"publish","type":"market_outlook","link":"https:\/\/www.zfx.com\/zh-hans\/market-outlook\/share424454\/","title":{"rendered":"\u6ce1\u6cab\u8bba\u58f0\u97f3\u6e10\u5927\uff0c\u725b\u5e02\u8f6c\u718a\u5e02?"},"content":{"rendered":"<p>\u7f8e\u56fd\u62dc\u767b\u653f\u5e9c\u63a8\u51fa\u4e861.9\u4e07\u4ebf\u7f8e\u5143\u7ebe\u56f0\u6cd5\u6848\u540e\uff0c\u53c8\u706b\u901f\u51c6\u5907\u6765\u4e2a\u9ad8\u8fbe3\u52304\u4e07\u4ebf\u7f8e\u5143\u7684\u5927\u578b\u57fa\u5efa\u8ba1\u5212\u3002\u5728\u725b\u5e02\u7684\u9884\u671f\u4e0b\uff0c\u5468\u671f\u80a1\u53d7\u60e0\u52a9\u9053\u6307\u518d\u521b\u65b0\u9ad8\uff0c\u4e5f\u540c\u65f6\u8ba9\u4e0d\u5c11\u6295\u8d44\u8005\u8d8a\u6765\u8d8a\u62c5\u5fe7\uff0c\u80a1\u5e02\u6709\u6ce1\u6cab\u7684\u98ce\u9669\uff0c\u725b\u5e02\u8f6c\u718a\u5e02\u5f80\u5f80\u6765\u5f97\u7a81\u7136\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-226928\" src=\"https:\/\/www.zfx.com\/wp-content\/uploads\/2021\/04\/word-image-49.png\" alt=\"\" width=\"1265\" height=\"530\" \/><\/p>\n<p>\u718a\u5e02\u4e0e\u5426\u4e5f\u5148\u63d0\u4e00\u4e0b\uff0c\u5907\u53d7\u4ef7\u503c\u6295\u8d44\u8005\u5c0a\u5d07\u7684\u6a61\u6811\u8d44\u672c(Oaktree Capital)\u5171\u540c\u521b\u529e\u4eba\u970d\u534e\u9a6c\u514b\u65af(Howard Marks)\u4e8e3\u670816\u65e5\u516c\u5e03\u7684\u5907\u5fd8\u5f55\u4e2d\uff0c\u63d0\u5230\u5229\u591a\u80a1\u5e02\u56e0\u7d20\u5305\u62ec\u4e86\u4ee5\u4e0b\u51e0\u70b9\uff1a<\/p>\n<ol>\n<li>\u7f8e\u56fd\u6709\u671b\u5f3a\u52b2\u590d\u82cf\uff0c\u4e3b\u8981\u662f\u7531\u53d7\u538b\u6291\u7684\u6d88\u8d39\u8005\u9700\u6c42\u5e26\u52a8<\/li>\n<li>\u7f8e\u8054\u50a8(Fed)\u627f\u8bfa\u4f1a\u7ef4\u6301\u4f4e\u5229\u7387<\/li>\n<li>\u7f8e\u56fd\u6c11\u4e3b\u515a\u5728\u56fd\u4f1a\u53ea\u6709\u8f7b\u5fae\u4f18\u52bf\uff0c\u4e0d\u592a\u53ef\u80fd\u8fdb\u884c\u6fc0\u70c8\u6539\u9769\uff0c\u964d\u4f4e\u4e86\u653f\u6cbb\u4e0d\u786e\u5b9a\u6027<\/li>\n<\/ol>\n<p>Marks\u5766\u627f\uff0c\u76ee\u524d\u5e02\u573a\u70ed\u5ea6\u7684\u786e\u504f\u9ad8\uff0c\u4ea4\u6613\u72c2\u70ed\u3001\u5192\u9669\u884c\u4e3a\u7684\u73b0\u8c61\u9891\u9891\u51fa\u73b0\uff0c\u6295\u8d44\u8005\u6d8c\u8fdb\u6240\u8c13\u7684\u201d\u8ff7\u56e0\u80a1(meme stocks\/stonks)\u201d\uff0c\u6216\u8005\u4e3a\u4e86\u8ffd\u6c42\u62a5\u916c\u800c\u62a2\u8fdb\u9ad8\u98ce\u9669\u8d44\u4ea7\u3002\u65e9\u524d\u6295\u8d44\u65b0\u624b\u6d8c\u5165WSB\u6982\u5ff5\u80a1\uff0c\u53ef\u89c1\u5f53\u524d\u5e02\u573a\u662f\u72c2\u70ed\u7684\uff0c\u662f\u718a\u5e02\u7684\u5148\u5146\u4e4b\u4e00\u3002\u53e6\u5916\uff0c\u79d1\u6280\u80a1\u80a1\u4ef7\u56e0\u7f8e\u503a\u6536\u76ca\u7387\u6500\u5347\u800c\u8fdb\u5165\u4fee\u6b63\u671f\uff0c\u53cd\u800c\u5438\u5f15\u4e0d\u5c11\u6295\u8d44\u8005\u79ef\u6781\u6284\u5e95\u3002\u76ee\u524d\u5fe7\u5fc3\u80a1\u5e02\u6ce1\u6cab\u7684\u8a00\u8bba\u56db\u8d77\uff0c\u8d44\u4ea7\u4f30\u503c\u504f\u9ad8\u6700\u8ba9\u67d0\u4e9b\u6295\u8d44\u8005\u5bb3\u6015\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-226937\" src=\"https:\/\/www.zfx.com\/wp-content\/uploads\/2021\/04\/word-image-50.png\" alt=\"\" width=\"1272\" height=\"535\" \/><\/p>\n<p>\u5f53\u7136\uff0c\u603b\u6709\u58f0\u97f3\u8bf4\uff0c\u7ecf\u6d4e\u771f\u6b63\u590d\u82cf\u521a\u62c9\u5f00\u5e8f\u5e55\u800c\u5df2\u3002\u5b8f\u89c2\u5730\u770b\uff0c\u65b0\u51a0\u75ab\u82d7\u6ca1\u6709\u9a6c\u4e0a\u89e3\u51b3\u75ab\u60c5\u95ee\u9898\uff0c\u751a\u81f3\u6709\u90e8\u5206\u56fd\u5bb6\u56e0\u75ab\u60c5\u5931\u63a7\u6240\u6270\u800c\u518d\u5ea6\u5c01\u9501\u3002\u75ab\u60c5\u5bfc\u81f4\u5546\u52a1\u5f80\u6765\u53ca\u65c5\u6e38\u96be\u5ea6\u589e\u52a0\uff0c\u75ab\u60c5\u524d\u7684\u5168\u7403\u5316\u5546\u4e1a\u6a21\u5f0f\uff0c\u8fd8\u9700\u8981\u4e00\u4e9b\u65f6\u95f4\u3002\u53ea\u8981\u5404\u5730\u65c5\u6e38\u7981\u4ee4\u9010\u6e10\u653e\u677e\uff0c\u7ecf\u6d4e\u523a\u6fc0\u63aa\u65bd\u5230\u4f4d\uff0c\u5168\u7403\u5c06\u6062\u590d\u751a\u81f3\u52a0\u901f\u7ecf\u6d4e\u5faa\u73af\u3002<\/p>\n<p>\u4f46\u540c\u65f6\uff0c\u4e0d\u5c11\u6295\u8d44\u8005\u8ba4\u4e3a\u76ee\u524d\u5168\u7403\u80a1\u5e02\u5e94\u8be5\u5df2\u7ecf\u6d88\u5316\u5b8c\u4e86\u7ecf\u6d4e\u590d\u82cf\u7684\u5229\u591a\u3002\u6295\u8d44\u8005\u60c5\u7eea\u8981\u7531\u72c2\u70ed\u8f6c\u4e3a\u5931\u671b\uff0c\u9700\u8981\u57fa\u672c\u539f\u56e0\u548c\u5bfc\u706b\u7ebf\u3002\u8fd9\u53ef\u80fd\u662f\u4e0d\u80fd\u9884\u89c1\u7684\u4e8b\uff0c\u80fd\u9884\u89c1\u7684\u8bdd\uff0c\u8981\u4e0d\u5c31\u662f\u5229\u7387\u9884\u671f\uff0c\u8981\u4e0d\u5c31\u662f\u7ecf\u6d4e\u524d\u666f\u7684\u9884\u671f\u6709\u53d8\u3002<\/p>\n<p><strong>\u98ce\u9669\u63d0\u793a<\/strong><strong>:<\/strong><strong>\u4ee5\u4e0a\u5185\u5bb9\u4ec5\u4f9b\u53c2\u8003\uff0c\u4e0d\u4ee3\u8868<\/strong><strong>ZFX<\/strong><strong>\u7acb\u573a\uff0c<\/strong><strong>ZFX<\/strong><strong>\u4e0d\u627f\u62c5\u6839\u636e\u672c\u6587\u6240\u8fdb\u884c\u4efb\u4f55\u4e70\u5356\u64cd\u4f5c\u800c\u5bfc\u81f4\u7684\u4efb\u4f55\u5f62\u5f0f\u635f\u5931\u3002\u8bf7\u575a\u5b9a\u81ea\u5df1\u7684\u601d\u8def\uff0c\u505a\u597d\u76f8\u5e94\u98ce\u9669\u63a7\u5236\u3002<\/strong><\/p>\n<p>\u2014\u2014<\/p>\n<p><strong>\u5173\u4e8e<\/strong><strong>\u00a0<\/strong><a href=\"https:\/\/www.zfx.com\/zh-hant\/\"><strong>ZFX (Zeal Capital Market)<\/strong><\/a><\/p>\n<ul>\n<li>\u53d7FCA\u3001FSA\u76d1\u7ba1\uff0c\u8363\u83b7 Financial Weekly 2019\u5e74 \u6700\u4f73\u4ea4\u6613\u5e73\u53f0<\/li>\n<li>\u63d0\u4f9b100+ \u79cd\u4ea4\u6613\u4ea7\u54c1\uff0c\u5305\u62ec<a href=\"https:\/\/www.zfx.com\/zh-hant\/products\/forex\/\"><strong>\u5916\u6c47<\/strong><\/a>\u3001<a href=\"https:\/\/www.zfx.com\/zh-hant\/products\/shares\/\"><strong>\u80a1\u7968<\/strong><\/a>\u3001<a href=\"https:\/\/www.zfx.com\/zh-hant\/products\/indices\/\"><strong>\u6307\u6570<\/strong><\/a>\u3001<a href=\"https:\/\/www.zfx.com\/zh-hant\/products\/commodities\/\"><strong>\u9ec4\u91d1<\/strong><\/a>\u3001<a href=\"https:\/\/www.zfx.com\/zh-hant\/products\/commodities\/\"><strong>\u539f\u6cb9<\/strong><\/a>\u7b49<\/li>\n<li>\u4e09\u79cd<a href=\"https:\/\/www.zfx.com\/zh-hant\/accounts\/\"><strong>\u4ea4\u6613\u5e10\u6237<\/strong><\/a>\uff0c\u6ee1\u8db3\u4e0d\u540c\u5ba2\u6237\u7684\u6295\u8d44\u9700\u6c42<\/li>\n<li>\u96f6\u4f63\u91d1\u3001\u4f4e\u4ef7\u5dee\uff0c\u6760\u6746\u7387\u9ad8\u8fbe1 : 2000<\/li>\n<li>\u5f3a\u5927\u7684\u4ea4\u6613\u7cfb\u7edf\uff0c\u6bcf\u79d2\u6267\u884c50,000\u8ba2\u5355<\/li>\n<li>\u6700\u4f4e\u5165\u91d150\u7f8e\u91d1\u5373\u53ef\u5f00\u6237<\/li>\n<li>24\u5c0f\u65f6<a href=\"https:\/\/www.zfx.com\/zh-hant\/about-zfx\/contact-us\/\"><strong>\u4e2d\u6587\u5ba2\u6237\u670d\u52a1<\/strong><\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u7f8e\u56fd\u62dc\u767b\u653f\u5e9c\u63a8\u51fa\u4e861.9\u4e07\u4ebf\u7f8e\u5143\u7ebe\u56f0\u6cd5\u6848\u540e\uff0c\u53c8\u706b\u901f\u51c6\u5907\u6765\u4e2a\u9ad8\u8fbe3\u52304\u4e07\u4ebf\u7f8e\u5143\u7684\u5927\u578b\u57fa\u5efa\u8ba1\u5212\u3002\u5728\u725b\u5e02\u7684\u9884\u671f\u4e0b\uff0c\u5468\u671f\u80a1\u53d7\u60e0\u52a9\u9053\u6307\u518d\u521b\u65b0\u9ad8\uff0c\u4e5f\u540c\u65f6\u8ba9\u4e0d\u5c11\u6295\u8d44\u8005\u8d8a\u6765\u8d8a\u62c5\u5fe7\uff0c\u80a1\u5e02\u6709\u6ce1\u6cab\u7684\u98ce\u9669\uff0c\u725b\u5e02\u8f6c\u718a\u5e02\u5f80\u5f80\u6765\u5f97\u7a81\u7136\u3002<\/p>\n","protected":false},"author":100,"featured_media":226919,"template":"","market_outlook_categories":[11923,11929],"market_outlook_tags":[],"class_list":["post-226918","market_outlook","type-market_outlook","status-publish","has-post-thumbnail","hentry","market_outlook_categories-analyst-insights-zh-hans-2","market_outlook_categories-daily-outlook-zh-hans-2"],"acf":[],"current_lang":"zh-hans","_links":{"self":[{"href":"https:\/\/www.zfx.com\/zh-hans\/wp-json\/wp\/v2\/market_outlook\/226918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zfx.com\/zh-hans\/wp-json\/wp\/v2\/market_outlook"}],"about":[{"href":"https:\/\/www.zfx.com\/zh-hans\/wp-json\/wp\/v2\/types\/market_outlook"}],"author":[{"embeddable":true,"href":"https:\/\/www.zfx.com\/zh-hans\/wp-json\/wp\/v2\/users\/100"}],"version-history":[{"count":0,"href":"https:\/\/www.zfx.com\/zh-hans\/wp-json\/wp\/v2\/market_outlook\/226918\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zfx.com\/zh-hans\/wp-json\/wp\/v2\/media\/226919"}],"wp:attachment":[{"href":"https:\/\/www.zfx.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=226918"}],"wp:term":[{"taxonomy":"market_outlook_categories","embeddable":true,"href":"https:\/\/www.zfx.com\/zh-hans\/wp-json\/wp\/v2\/market_outlook_categories?post=226918"},{"taxonomy":"market_outlook_tags","embeddable":true,"href":"https:\/\/www.zfx.com\/zh-hans\/wp-json\/wp\/v2\/market_outlook_tags?post=226918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}