1\ubd84\uae30 \ucd08\ubc18 \uc2e4\uc801 \ubc1c\ud45c\uc5d0\uc11c S&P500 \uae30\uc5c5\ub4e4\uc774 \uc2dc\uc7a5 \uc608\uc0c1\uce58\ub97c \uc6c3\ub3cc\uace0 \uc788\ub2e4. \uc5d0\ub108\uc9c0 \ube44\uc6a9 \uc0c1\uc2b9 \ub4f1 \uc704\ud5d8 \uc694\uc778\uc774 \uc788\uc74c\uc5d0\ub3c4 \ub9e4\ucd9c \u2018\uc11c\ud504\ub77c\uc774\uc988(\uc2dc\uc7a5 \uc608\uc0c1 \uc0c1\ud68c)\u2019\uac00 \uac15\ud558\uac8c \ub098\ud0c0\ub0ac\ub2e4. \ud604\uc7ac\uae4c\uc9c0 S&P500 \uae30\uc5c5 32\uacf3\uc774 \uc2e4\uc801\uc744 \ubc1c\ud45c\ud588\ub2e4.<\/p>\n
\uc774\ub4e4 32\uac1c \uae30\uc5c5\uc758 \ucd1d\uc774\uc775(\uc21c\uc774\uc775 \ub4f1 \uae30\uc5c5\uc774 \ubc8c\uc5b4\ub4e4\uc778 \uc774\uc775)\uc740 \uc804\ub144 \ub300\ube44 +30.5% \uc99d\uac00\ud588\uace0, \ub9e4\ucd9c\uc740 +13.2% \ub298\uc5c8\ub2e4. \uc774 \uac00\uc6b4\ub370 78.1%\uac00 \uc8fc\ub2f9\uc21c\uc774\uc775(EPS\u00b7\uae30\uc5c5 \uc774\uc775\uc744 \ubc1c\ud589 \uc8fc\uc2dd \uc218\ub85c \ub098\ub208 \uc9c0\ud45c) \uc608\uc0c1\uce58\ub97c \uc0c1\ud68c\ud588\uace0, 84.4%\uac00 \ub9e4\ucd9c \uc608\uc0c1\uce58\ub97c \uc6c3\ub3cc\uc558\ub2e4.<\/p>\n
\uae08\uc735(Finance) \uc5c5\uc885\uc740 S&P500 \ub0b4 \ud574\ub2f9 \uc5c5\uc885 \uc2dc\uac00\ucd1d\uc561(\uc0c1\uc7a5\uc8fc\uc2dd \uac00\uaca9\u00d7\uc8fc\uc2dd \uc218) \uae30\uc900 34%\uac00 \uc2e4\uc801\uc744 \ubc1c\ud45c\ud588\ub2e4. \uc774\uc775\uc740 \uc804\ub144 \ub300\ube44 +18.3%, \ub9e4\ucd9c\uc740 +11.5% \uc99d\uac00\ud588\ub2e4. EPS \uc608\uc0c1\uce58 \uc0c1\ud68c \ube44\uc728\uc740 90%, \ub9e4\ucd9c \uc608\uc0c1\uce58 \uc0c1\ud68c \ube44\uc728\uc740 80%\ub2e4.<\/p>\n
1\ubd84\uae30 \uc804\uccb4\ub85c \ubcf4\uba74(\ubc1c\ud45c\ub41c \uc2e4\uc801\uacfc \ud5a5\ud6c4 \ubc1c\ud45c\ub420 \uae30\uc5c5\uc758 \ucd94\uc815\uce58\ub97c \ud569\uc0b0), S&P500 \uc774\uc775\uc740 \uc804\ub144 \ub300\ube44 +13.9%, \ub9e4\ucd9c\uc740 +9.5% \uc99d\uac00\ud560 \uac83\uc73c\ub85c \uc608\uc0c1\ub41c\ub2e4. \uc774\ub294 2025\ub144 4\ubd84\uae30\uc758 \uc774\uc775 +14.1%, \ub9e4\ucd9c +9.1% \uc99d\uac00\uc640 \ube44\uad50\ub41c\ub2e4.<\/p>\n
JP\ubaa8\uac74\uc740 \uc774\uc775\uc774 +12.6%, \ub9e4\ucd9c\uc774 +10% \uc99d\uac00\ud588\ub2e4\uace0 \ubc1c\ud45c\ud588\ub2e4. \uc21c\uc774\uc790\uc774\uc775(NII\u00b7\ub300\ucd9c \uc774\uc790\uc218\uc775\uc5d0\uc11c \uc608\uae08 \uc774\uc790\ube44\uc6a9 \ub4f1\uc744 \ube80 \ud575\uc2ec \uc218\uc775)\uc740 +9% \ub298\uc5c8\uace0, \ub300\ucd9c\uc740 +11% \uc99d\uac00\ud588\ub2e4. \uc6f0\uc2a4\ud30c\uace0\ub294 \uc774\uc775 +14.6%, \ub9e4\ucd9c +6.4% \uc99d\uac00\ub97c \ubcf4\uace0\ud588\uc73c\uba70, \uc21c\uc774\uc790\uc774\uc775\uc740 +5%, \ub300\ucd9c\uc740 +11% \ub298\uc5c8\ub2e4.<\/p>\n
\uc7ad\uc2a4(Zacks) \uae30\uc900 \ud22c\uc790\uc740\ud589\u00b7\uc790\uc0b0\uc6b4\uc6a9(Investment Banks\/Managers) \uc5c5\uc885\uc740 \ub9e4\ucd9c +10.5% \uc99d\uac00\uc640 \ud568\uaed8 \uc774\uc775 +19.7% \uc131\uc7a5\uc774 \uc608\uc0c1\ub41c\ub2e4. \uae08\uc735 \uc5c5\uc885\uc758 1\ubd84\uae30 \uc774\uc775\uc740 \ub9e4\ucd9c +9.8% \uc99d\uac00\uc640 \ud568\uaed8 +26.7% \ub298\uc5b4\ub0a0 \uc804\ub9dd\uc774\ub2e4. \uc774\ub294 \uc9c1\uc804 \ubd84\uae30\uc758 \uc774\uc775 +17.3%, \ub9e4\ucd9c +7.4% \uc99d\uac00 \uc774\ud6c4 \ud750\ub984\uc774\ub2e4.<\/p>\n
\uae08\uc735 \uc5c5\uc885\uc740 S&P500\uc758 \u2018\ud5a5\ud6c4 12\uac1c\uc6d4 \uc608\uc0c1 \uc774\uc775(Forward 12-month earnings\u00b7\uc55e\uc73c\ub85c 1\ub144 \ub3d9\uc548 \ubc8c \uac83\uc73c\ub85c \uc608\uc0c1\ub418\ub294 \uc774\uc775)\u2019\uc5d0\uc11c 17.2%\ub97c \ucc28\uc9c0\ud55c\ub2e4. 3\uc6d4 \ucd08 \uc774\ud6c4 \uc5d0\ub108\uc9c0 \uc5c5\uc885\uc758 \uc774\uc775 \ucd94\uc815\uce58\uac00 \uc0c1\uc2b9\ud588\uace0, \ub2e4\ub978 8\uac1c \uc5c5\uc885\uc758 \ucd94\uc815\uce58\ub3c4 \ud568\uaed8 \uc0c1\ud5a5\ub410\ub2e4.<\/p>\n
1\ubd84\uae30 \uc2e4\uc801 \ucd9c\ubc1c\uc774 \ub9e4\uc6b0 \uac15\ud55c \ub9cc\ud07c, \ucd5c\uadfc \ud22c\uc790\uc2ec\ub9ac\ubcf4\ub2e4 \uc2dc\uc7a5\uc758 \uae30\ucd08 \uccb4\ub825\uc740 \ub354 \uacac\uace0\ud558\ub2e4\ub294 \ud574\uc11d\uc774 \uac00\ub2a5\ud558\ub2e4. \uc774\uc775\uacfc \ub9e4\ucd9c \ubaa8\ub450\uc5d0\uc11c \uc608\uc0c1\uce58 \uc0c1\ud68c \ube44\uc728\uc774 \ub192\ub2e4\ub294 \uc810\uc740, \uc5ec\ub7ec \uc704\ud5d8 \uc694\uc778\uc5d0\ub3c4 \uae30\uc5c5 \uc2e4\uc801 \uae30\ubc18\uc774 \ud0c4\ud0c4\ud558\ub2e4\ub294 \uc758\ubbf8\ub2e4. \uc774\uc5d0 \ub530\ub77c S&P500 \uc9c0\uc218 \u2018\ucf5c \uc2a4\ud504\ub808\ub4dc(\uc0c1\uc2b9\uc5d0 \ubca0\ud305\ud558\ub294 \uc635\uc158 \uc804\ub7b5\uc73c\ub85c, \ucf5c\uc635\uc158 \ub9e4\uc218\uc640 \ub354 \ub192\uc740 \ud589\uc0ac\uac00 \ucf5c\uc635\uc158 \ub9e4\ub3c4\ub97c \ud568\uaed8 \ud558\ub294 \ubc29\uc2dd)\u2019 \ub9e4\uc218 \ub4f1\uc73c\ub85c \ucd94\uac00 \uc0c1\uc2b9\uc5d0 \ub300\ube44\ud558\ub294 \uc804\ub7b5\uc744 \uace0\ub824\ud560 \ub9cc\ud558\ub2e4.<\/p>\n
\uacbd\uc81c\ub294 \uc5d0\ub108\uc9c0 \ube44\uc6a9 \uc0c1\uc2b9\uc744 \ud761\uc218\ud558\uace0 \uc788\ub2e4. WTI(\uc11c\ubd80\ud14d\uc0ac\uc2a4\uc0b0 \uc6d0\uc720) \uac00\uaca9\uc740 \ubc30\ub7f4\ub2f9 95\ub2ec\ub7ec\ub97c \uc0c1\ud68c\ud558\uba70 \uc5f0\ucd08 \ub300\ube44 \ud06c\uac8c \uc62c\ub790\ub2e4. 2026\ub144 3\uc6d4 \uc2e4\uc5c5\ub960\uc740 3.6%\ub85c \ub0ae\uc740 \uc218\uc900\uc744 \uc720\uc9c0\ud588\ub2e4. \uc774\ub294 \uc18c\ube44\uc640 \uae30\uc5c5 \uc218\uc694\uac00 \ud0c4\ud0c4\ud558\ub2e4\ub294 \uc2e0\ud638\ub85c, \uc2e4\uc801 \uac1c\uc120 \ud750\ub984\uc774 \uc774\uc5b4\uc9c8 \uac00\ub2a5\uc131\uc744 \ub4b7\ubc1b\uce68\ud55c\ub2e4.<\/p>\n
\ub610\ud55c \uc2dc\uc7a5\uc758 \uacf5\ud3ec \uc9c0\ud45c\ub85c \ubd88\ub9ac\ub294 VIX(\ubcc0\ub3d9\uc131\uc9c0\uc218\u00b7\uc8fc\uac00 \ubcc0\ub3d9\uc131\uc5d0 \ub300\ud55c \uc2dc\uc7a5\uc758 \ubd88\uc548 \uc815\ub3c4\ub97c \uc218\uce58\ud654)\ub294 3\uc6d4 \uace0\uc810\uc5d0\uc11c \ub0b4\ub824\uc640 \ud604\uc7ac 16 \uc218\uc900\uc5d0\uc11c \uc6c0\uc9c1\uc774\uace0 \uc788\ub2e4. \uc774\ub294 \ub2e8\uae30\uac04 \ub0b4 \ud070 \ud3ed\uc758 \uc2dc\uc7a5 \ud558\ub77d\uc744 \uc6b0\ub824\ud558\ub294 \uc2ec\ub9ac\uac00 \uc644\ud654\ub418\uace0 \uc788\uc74c\uc744 \uc2dc\uc0ac\ud55c\ub2e4. \ubcc0\ub3d9\uc131\uc774 \ub0ae\uc544\uc9c0\uba74, \u2018\ud604\uae08\ub2f4\ubcf4 \ud48b \ub9e4\ub3c4(cash-secured put\u00b7\uc8fc\uc2dd\uc744 \uc0b4 \ud604\uae08\uc744 \ud655\ubcf4\ud574 \ub454 \uc0c1\ud0dc\uc5d0\uc11c \ud48b\uc635\uc158\uc744 \ud314\uc544 \ud504\ub9ac\ubbf8\uc5c4 \uc218\uc775\uc744 \ub178\ub9ac\ub294 \uc804\ub7b5)\u2019 \uac19\uc740 \ubc29\ubc95\uc758 \ub9e4\ub825\ub3c4 \ub192\uc544\uc9c4\ub2e4.<\/p>\n
\uae08\uc735 \uc5c5\uc885\uc774 \ub69c\ub837\ud55c \uc120\ub450\ub2e4. JP\ubaa8\uac74\ucc98\ub7fc \ub300\ucd9c \uc99d\uac00\uac00 \ub450\ub4dc\ub7ec\uc9c0\uace0, \ub2e4\uc218 \uc740\ud589\uc774 \uc774\uc775 \uc804\ub9dd\uc744 \uc0c1\ud68c\ud558\uace0 \uc788\ub2e4. 2025\ub144 \uae08\uc735 \uc5c5\uc885 \uc131\uacfc\ub294 \uacac\uc870\ud588\uc9c0\ub9cc \ub450\ub4dc\ub7ec\uc9c0\uc9c0\ub294 \uc54a\uc558\ub358 \ub9cc\ud07c, \uc774\ubc88 \uac15\uc138\ub294 \u2018\uce90\uce58\uc5c5 \uac70\ub798(catch-up trade\u00b7\uc0c1\ub300\uc801\uc73c\ub85c \ub35c \uc624\ub978 \uc790\uc0b0\uc774 \ub4a4\ub2a6\uac8c \ub530\ub77c \uc624\ub974\ub294 \ud750\ub984)\u2019\uc758 \uc2dc\uc791\uc77c \uc218 \uc788\ub2e4. \ud5a5\ud6c4 \uc218\uc8fc \ub3d9\uc548 \ucd94\uac00\ub85c \uc740\ud589 \uc2e4\uc801\uc774 \ub098\uc624\ub294 \ub9cc\ud07c \uae08\uc735 ETF(\uc0c1\uc7a5\uc9c0\uc218\ud380\ub4dc\u00b7\uc9c0\uc218\uc5d0 \uc5f0\ub3d9\ub418\uac8c \uc124\uacc4\ub41c \ud380\ub4dc\ub97c \uc8fc\uc2dd\ucc98\ub7fc \uac70\ub798)\uc5d0\uc11c \uc0c1\uc2b9 \ubc29\ud5a5 \ud22c\uc790 \uae30\ud68c\uac00 \uac70\ub860\ub41c\ub2e4.<\/p>\n
\uac00\uc7a5 \uc8fc\ubaa9\ud560 \uc2e0\ud638\ub294 \uc9c0\uc815\ud559\uc801 \ubd88\uc548\uc5d0\ub3c4 \ubd88\uad6c\ud558\uace0, \uc560\ub110\ub9ac\uc2a4\ud2b8\ub4e4\uc774 \ub300\ubd80\ubd84 \uc5c5\uc885\uc5d0\uc11c 2026\ub144 \uc5f0\uac04 \uc774\uc775 \uc804\ub9dd\uce58\ub97c \uc62c\ub9ac\uace0 \uc788\ub2e4\ub294 \uc810\uc774\ub2e4. \uc774\ub294 \uae30\uc5c5 \uc2e4\uc801\uc758 \uae30\ucd08 \ud750\ub984\uc774 \uae30\uc874 \uc608\uc0c1\ubcf4\ub2e4 \uac15\ud558\ub2e4\ub294 \uac15\ub825\ud55c \uc2e0\ud638\ub2e4. \ub530\ub77c\uc11c \ub300\uaddc\ubaa8 \u2018\uc20f \ud3ec\uc9c0\uc158(\ud558\ub77d\uc5d0 \ubca0\ud305\ud558\ub294 \ub9e4\ub3c4 \ud3ec\uc9c0\uc158)\u2019\uc744 \uad6c\ucd95\ud558\ub294 \ub370\ub294 \uc2e0\uc911\ud560 \ud544\uc694\uac00 \uc788\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"
\u201c\uc5b4\ub2dd \uc11c\ud504\ub77c\uc774\uc988 \ub7a0\ub9ac\u201d \uc7ac\uc810\ud654. S&P500 32\uac1c\uc0ac \uc774\uc775 30.5%\u00b7\ub9e4\ucd9c 13.2% \uae09\uc99d, EPS\u00b7\ub9e4\ucd9c \uc0c1\ud68c\uc728 78%\u00b784%. \uae08\uc735\uc8fc \uc120\ub450, \ubcc0\ub3d9\uc131 \uc644\ud654 \uc18d \ucd94\uac00 \uc0c1\uc2b9 \ubca0\ud305 \ubd80\uc0c1.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-44795","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/44795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/comments?post=44795"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/44795\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=44795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=44795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=44795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}