{"id":226948,"date":"2021-04-07T07:04:37","date_gmt":"2021-04-07T07:04:37","guid":{"rendered":"https:\/\/www.zfx.com\/market-outlook\/share424454\/"},"modified":"2021-04-07T07:18:45","modified_gmt":"2021-04-07T07:18:45","slug":"share424454","status":"publish","type":"market_outlook","link":"https:\/\/www.zfx.com\/zh-hant\/market-outlook\/share424454\/","title":{"rendered":"\u6ce1\u6cab\u8ad6\u8072\u97f3\u6f38\u5927\uff0c\u725b\u5e02\u8f49\u718a\u5e02?"},"content":{"rendered":"<p>\u7f8e\u570b\u62dc\u767b\u653f\u5e9c\u63a8\u51fa\u4e861.9\u842c\u5104\u7f8e\u5143\u7d13\u56f0\u6cd5\u6848\u5f8c\uff0c\u53c8\u706b\u901f\u6e96\u5099\u4f86\u500b\u9ad8\u90543\u52304\u842c\u5104\u7f8e\u5143\u7684\u5927\u578b\u57fa\u5efa\u8a08\u5283\u3002\u5728\u725b\u5e02\u7684\u9810\u671f\u4e0b\uff0c\u9031\u671f\u80a1\u53d7\u60e0\u52a9\u9053\u6307\u518d\u5275\u65b0\u9ad8\uff0c\u4e5f\u540c\u6642\u8b93\u4e0d\u5c11\u6295\u8cc7\u8005\u8d8a\u4f86\u8d8a\u64d4\u6182\uff0c\u80a1\u5e02\u6709\u6ce1\u6cab\u7684\u98a8\u96aa\uff0c\u725b\u5e02\u8f49\u718a\u5e02\u5f80\u5f80\u4f86\u5f97\u7a81\u7136\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" width=\"1265\" height=\"530\" class=\"wp-image-226958\" src=\"https:\/\/www.zfx.com\/wp-content\/uploads\/2021\/04\/word-image-52.png\" srcset=\"https:\/\/www.zfx.com\/wp-content\/uploads\/2021\/04\/word-image-52-300x126.png 300w, https:\/\/www.zfx.com\/wp-content\/uploads\/2021\/04\/word-image-52-1024x429.png 1024w, https:\/\/www.zfx.com\/wp-content\/uploads\/2021\/04\/word-image-52-768x322.png 768w, https:\/\/www.zfx.com\/wp-content\/uploads\/2021\/04\/word-image-52.png 1265w\" sizes=\"auto, (max-width: 1265px) 100vw, 1265px\" \/><\/p>\n<p>\u718a\u5e02\u8207\u5426\u4e5f\u5148\u63d0\u4e00\u4e0b\uff0c\u5099\u53d7\u50f9\u503c\u6295\u8cc7\u8005\u5c0a\u5d07\u7684\u6a61\u6a39\u8cc7\u672c(Oaktree Capital)\u5171\u540c\u5275\u8fa6\u4eba\u970d\u83ef\u99ac\u514b\u65af(Howard Marks)\u65bc3\u670816\u65e5\u516c\u5e03\u7684\u5099\u5fd8\u9304\u4e2d\uff0c\u63d0\u5230\u5229\u591a\u80a1\u5e02\u56e0\u7d20\u5305\u62ec\u4e86\u4ee5\u4e0b\u5e7e\u9ede\uff1a<\/p>\n<ol>\n<li>\u7f8e\u570b\u6709\u671b\u5f37\u52c1\u5fa9\u7526\uff0c\u4e3b\u8981\u662f\u7531\u53d7\u58d3\u6291\u7684\u6d88\u8cbb\u8005\u9700\u6c42\u5e36\u52d5<\/li>\n<li>\u7f8e\u806f\u5132(Fed)\u627f\u8afe\u6703\u7dad\u6301\u4f4e\u5229\u7387<\/li>\n<li>\u7f8e\u570b\u6c11\u4e3b\u9ee8\u5728\u570b\u6703\u53ea\u6709\u8f15\u5fae\u512a\u52e2\uff0c\u4e0d\u592a\u53ef\u80fd\u9032\u884c\u6fc0\u70c8\u6539\u9769\uff0c\u964d\u4f4e\u4e86\u653f\u6cbb\u4e0d\u78ba\u5b9a\u6027<\/li>\n<\/ol>\n<p>Marks\u5766\u627f\uff0c\u76ee\u524d\u5e02\u5834\u71b1\u5ea6\u7684\u78ba\u504f\u9ad8\uff0c\u4ea4\u6613\u72c2\u71b1\u3001\u5192\u96aa\u884c\u70ba\u7684\u73fe\u8c61\u983b\u983b\u51fa\u73fe\uff0c\u6295\u8cc7\u8005\u6e67\u9032\u6240\u8b02\u7684\u201d\u8ff7\u56e0\u80a1(meme stocks\/stonks)\u201d\uff0c\u6216\u8005\u70ba\u4e86\u8ffd\u6c42\u5831\u916c\u800c\u6436\u9032\u9ad8\u98a8\u96aa\u8cc7\u7522\u3002\u65e9\u524d\u6295\u8cc7\u65b0\u624b\u6e67\u5165WSB\u6982\u5ff5\u80a1\uff0c\u53ef\u898b\u7576\u524d\u5e02\u5834\u662f\u72c2\u71b1\u7684\uff0c\u662f\u718a\u5e02\u7684\u5148\u5146\u4e4b\u4e00\u3002<\/p>\n<p>\u53e6\u5916\uff0c\u79d1\u6280\u80a1\u80a1\u50f9\u56e0\u7f8e\u50b5\u6536\u76ca\u7387\u6500\u5347\u800c\u9032\u5165\u4fee\u6b63\u671f\uff0c\u53cd\u800c\u5438\u5f15\u4e0d\u5c11\u6295\u8cc7\u8005\u7a4d\u6975\u6284\u5e95\u3002\u76ee\u524d\u6182\u5fc3\u80a1\u5e02\u6ce1\u6cab\u7684\u8a00\u8ad6\u56db\u8d77\uff0c\u8cc7\u7522\u4f30\u503c\u504f\u9ad8\u6700\u8b93\u67d0\u4e9b\u6295\u8cc7\u8005\u5bb3\u6015\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-226968\" src=\"https:\/\/www.zfx.com\/wp-content\/uploads\/2021\/04\/word-image-53.png\" alt=\"\" width=\"1272\" height=\"535\" srcset=\"https:\/\/www.zfx.com\/wp-content\/uploads\/2021\/04\/word-image-53-300x126.png 300w, https:\/\/www.zfx.com\/wp-content\/uploads\/2021\/04\/word-image-53-1024x431.png 1024w, https:\/\/www.zfx.com\/wp-content\/uploads\/2021\/04\/word-image-53-768x323.png 768w, https:\/\/www.zfx.com\/wp-content\/uploads\/2021\/04\/word-image-53.png 1272w\" sizes=\"auto, (max-width: 1272px) 100vw, 1272px\" \/><\/p>\n<p>\u7576\u7136\uff0c\u7e3d\u6709\u8072\u97f3\u8aaa\uff0c\u7d93\u6fdf\u771f\u6b63\u5fa9\u7526\u525b\u62c9\u958b\u5e8f\u5e55\u800c\u5df2\u3002\u5b8f\u89c0\u5730\u770b\uff0c\u65b0\u51a0\u75ab\u82d7\u6c92\u6709\u99ac\u4e0a\u89e3\u6c7a\u75ab\u60c5\u554f\u984c\uff0c\u751a\u81f3\u6709\u90e8\u5206\u570b\u5bb6\u56e0\u75ab\u60c5\u5931\u63a7\u6240\u64fe\u800c\u518d\u5ea6\u5c01\u9396\u3002\u75ab\u60c5\u5c0e\u81f4\u5546\u52d9\u5f80\u4f86\u53ca\u65c5\u904a\u96e3\u5ea6\u589e\u52a0\uff0c\u75ab\u60c5\u524d\u7684\u5168\u7403\u5316\u5546\u696d\u6a21\u5f0f\uff0c\u9084\u9700\u8981\u4e00\u4e9b\u6642\u9593\u3002\u53ea\u8981\u5404\u5730\u65c5\u904a\u7981\u4ee4\u9010\u6f38\u653e\u9b06\uff0c\u7d93\u6fdf\u523a\u6fc0\u63aa\u65bd\u5230\u4f4d\uff0c\u5168\u7403\u5c07\u6062\u5fa9\u751a\u81f3\u52a0\u901f\u7d93\u6fdf\u5faa\u74b0\u3002<\/p>\n<p>\u4f46\u540c\u6642\uff0c\u4e0d\u5c11\u6295\u8cc7\u8005\u8a8d\u70ba\u76ee\u524d\u5168\u7403\u80a1\u5e02\u61c9\u8a72\u5df2\u7d93\u6d88\u5316\u5b8c\u4e86\u7d93\u6fdf\u5fa9\u7526\u7684\u5229\u591a\u3002\u6295\u8cc7\u8005\u60c5\u7dd2\u8981\u7531\u72c2\u71b1\u8f49\u70ba\u5931\u671b\uff0c\u9700\u8981\u57fa\u672c\u539f\u56e0\u548c\u5c0e\u706b\u7dda\u3002\u9019\u53ef\u80fd\u662f\u4e0d\u80fd\u9810\u898b\u7684\u4e8b\uff0c\u80fd\u9810\u898b\u7684\u8a71\uff0c\u8981\u4e0d\u5c31\u662f\u5229\u7387\u9810\u671f\uff0c\u8981\u4e0d\u5c31\u662f\u7d93\u6fdf\u524d\u666f\u7684\u9810\u671f\u6709\u8b8a\u3002<\/p>\n<p><strong>\u98a8\u96aa\u63d0\u793a:\u4ee5\u4e0a\u5167\u5bb9\u50c5\u4f9b\u53c3\u8003\uff0c\u4e0d\u4ee3\u8868ZFX\u7acb\u5834\uff0cZFX\u4e0d\u627f\u64d4\u6839\u64da\u672c\u6587\u6240\u9032\u884c\u4efb\u4f55\u8cb7\u8ce3\u64cd\u4f5c\u800c\u5c0e\u81f4\u7684\u4efb\u4f55\u5f62\u5f0f\u640d\u5931\u3002\u8acb\u5805\u5b9a\u81ea\u5df1\u7684\u601d\u8def\uff0c\u505a\u597d\u76f8\u61c9\u98a8\u96aa\u63a7\u5236\u3002<\/strong><\/p>\n<p>\u2014\u2014<\/p>\n<p><strong>\u95dc\u65bc\u00a0<\/strong><a href=\"https:\/\/www.zfx.com\/zh-hant\/\"><strong>ZFX (Zeal Capital Market)<\/strong><\/a><\/p>\n<ul>\n<li>\u53d7FCA\u3001FSA\u76e3\u7ba1\uff0c\u69ae\u7372 Financial Weekly 2019\u5e74 \u6700\u4f73\u4ea4\u6613\u5e73\u53f0<\/li>\n<li>\u63d0\u4f9b100+ \u7a2e\u4ea4\u6613\u7522\u54c1\uff0c\u5305\u62ec<a href=\"https:\/\/www.zfx.com\/zh-hant\/products\/forex\/\"><strong>\u5916\u532f<\/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\u6578<\/strong><\/a>\u3001<a href=\"https:\/\/www.zfx.com\/zh-hant\/products\/commodities\/\"><strong>\u9ec3\u91d1<\/strong><\/a>\u3001<a href=\"https:\/\/www.zfx.com\/zh-hant\/products\/commodities\/\"><strong>\u539f\u6cb9<\/strong><\/a>\u7b49<\/li>\n<li>\u4e09\u7a2e<a href=\"https:\/\/www.zfx.com\/zh-hant\/accounts\/\"><strong>\u4ea4\u6613\u5e33\u6236<\/strong><\/a>\uff0c\u6eff\u8db3\u4e0d\u540c\u5ba2\u6236\u7684\u6295\u8cc7\u9700\u6c42<\/li>\n<li>\u96f6\u4f63\u91d1\u3001\u4f4e\u50f9\u5dee\uff0c\u6760\u687f\u7387\u9ad8\u90541 : 2000<\/li>\n<li>\u5f37\u5927\u7684\u4ea4\u6613\u7cfb\u7d71\uff0c\u6bcf\u79d2\u57f7\u884c50,000\u8a02\u55ae<\/li>\n<li>\u6700\u4f4e\u5165\u91d150\u7f8e\u91d1\u5373\u53ef\u958b\u6236<\/li>\n<li>24\u5c0f\u6642<a href=\"https:\/\/www.zfx.com\/zh-hant\/about-zfx\/contact-us\/\"><strong>\u4e2d\u6587\u5ba2\u6236\u670d\u52d9<\/strong><\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u7f8e\u570b\u62dc\u767b\u653f\u5e9c\u63a8\u51fa\u4e861.9\u842c\u5104\u7f8e\u5143\u7d13\u56f0\u6cd5\u6848\u5f8c\uff0c\u53c8\u706b\u901f\u6e96\u5099\u4f86\u500b\u9ad8\u90543\u52304\u842c\u5104\u7f8e\u5143\u7684\u5927\u578b\u57fa\u5efa\u8a08\u5283\u3002\u5728\u725b\u5e02\u7684\u9810\u671f\u4e0b\uff0c\u9031\u671f\u80a1\u53d7\u60e0\u52a9\u9053\u6307\u518d\u5275\u65b0\u9ad8\uff0c\u4e5f\u540c\u6642\u8b93\u4e0d\u5c11\u6295\u8cc7\u8005\u8d8a\u4f86\u8d8a\u64d4\u6182\uff0c\u80a1\u5e02\u6709\u6ce1\u6cab\u7684\u98a8\u96aa\uff0c\u725b\u5e02\u8f49\u718a\u5e02\u5f80\u5f80\u4f86\u5f97\u7a81\u7136\u3002<\/p>\n","protected":false},"author":100,"featured_media":226921,"template":"","market_outlook_categories":[11800,11799],"market_outlook_tags":[],"class_list":["post-226948","market_outlook","type-market_outlook","status-publish","has-post-thumbnail","hentry","market_outlook_categories-analyst-insights-zh-hant","market_outlook_categories-daily-outlook-zh-hant"],"acf":[],"current_lang":"zh-hant","_links":{"self":[{"href":"https:\/\/www.zfx.com\/zh-hant\/wp-json\/wp\/v2\/market_outlook\/226948","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zfx.com\/zh-hant\/wp-json\/wp\/v2\/market_outlook"}],"about":[{"href":"https:\/\/www.zfx.com\/zh-hant\/wp-json\/wp\/v2\/types\/market_outlook"}],"author":[{"embeddable":true,"href":"https:\/\/www.zfx.com\/zh-hant\/wp-json\/wp\/v2\/users\/100"}],"version-history":[{"count":0,"href":"https:\/\/www.zfx.com\/zh-hant\/wp-json\/wp\/v2\/market_outlook\/226948\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zfx.com\/zh-hant\/wp-json\/wp\/v2\/media\/226921"}],"wp:attachment":[{"href":"https:\/\/www.zfx.com\/zh-hant\/wp-json\/wp\/v2\/media?parent=226948"}],"wp:term":[{"taxonomy":"market_outlook_categories","embeddable":true,"href":"https:\/\/www.zfx.com\/zh-hant\/wp-json\/wp\/v2\/market_outlook_categories?post=226948"},{"taxonomy":"market_outlook_tags","embeddable":true,"href":"https:\/\/www.zfx.com\/zh-hant\/wp-json\/wp\/v2\/market_outlook_tags?post=226948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}