{"id":46961,"date":"2026-05-18T23:28:04","date_gmt":"2026-05-18T23:28:04","guid":{"rendered":"https:\/\/www.vtmarkets.com\/kr\/uncategorized\/%ec%9b%94%ea%b0%80-%ec%84%a0%eb%ac%bc-%ea%b5%ad%ec%b1%84-%ea%b8%88%eb%a6%ac-%ea%b3%a0%ea%b3%b5%ed%96%89%ec%a7%84-%ec%86%8d-%eb%b0%98%eb%93%b1%ec%9c%a0%ea%b0%80-%ec%83%81%ec%8a%b9%c2%b7\/"},"modified":"2026-05-18T23:28:04","modified_gmt":"2026-05-18T23:28:04","slug":"%ec%9b%94%ea%b0%80-%ec%84%a0%eb%ac%bc-%ea%b5%ad%ec%b1%84-%ea%b8%88%eb%a6%ac-%ea%b3%a0%ea%b3%b5%ed%96%89%ec%a7%84-%ec%86%8d-%eb%b0%98%eb%93%b1%ec%9c%a0%ea%b0%80-%ec%83%81%ec%8a%b9%c2%b7","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/kr-asia\/live-updates\/%ec%9b%94%ea%b0%80-%ec%84%a0%eb%ac%bc-%ea%b5%ad%ec%b1%84-%ea%b8%88%eb%a6%ac-%ea%b3%a0%ea%b3%b5%ed%96%89%ec%a7%84-%ec%86%8d-%eb%b0%98%eb%93%b1%ec%9c%a0%ea%b0%80-%ec%83%81%ec%8a%b9%c2%b7\/","title":{"rendered":"\uc6d4\uac00 \uc120\ubb3c, \uad6d\ucc44 \uae08\ub9ac \uace0\uacf5\ud589\uc9c4 \uc18d \ubc18\ub4f1\u2026\uc720\uac00 \uc0c1\uc2b9\u00b7\ubc18\ub3c4\uccb4\uc8fc \ud558\ub77d, \uc774\ub780 \uae34\uc7a5 \uace0\uc870 \uc5ec\ud30c"},"content":{"rendered":"<p>\uc8fc\ub9d0 \uc774\ud6c4 \ub2e4\uc6b0\uc874\uc2a4 \uc0b0\uc5c5\ud3c9\uade0\uc9c0\uc218(DJIA) \uc120\ubb3c\uc740 \ud558\ub77d \ucd9c\ubc1c\ud588\uc9c0\ub9cc \uc6d4\uc694\uc77c \ubc18\ub4f1\ud574, 4\ub9cc9,000\uc120 \uc704\uc5d0\uc11c \ud615\uc131\ub41c \uc800\uc810\uc5d0\uc11c \ubbf8 \ub3d9\ubd80\uc2dc\uac04 \uc624\ud6c4 \uc911\ubc18\uc5d0\ub294 \uae08\uc694\uc77c \uc885\uac00\uc5d0 \uadfc\uc811\ud588\ub2e4. S&#038;P500\uacfc \ub098\uc2a4\ub2e5 \uc885\ud569\uc9c0\uc218\ub3c4 \ubc18\ub4f1\ud588\uc9c0\ub9cc, \uae08\uc694\uc77c \uc7a5\uae30 \uad6d\ucc44\uae08\ub9ac(\ub9cc\uae30\uac00 \uae34 \uad6d\ucc44\uc758 \uc774\uc790\uc728) \uc0c1\uc2b9\uc5d0 \ub530\ub978 \uc870\uc815 \uc774\ud6c4 \uc9c0\ub09c\uc8fc \uae30\ub85d\ud55c \uc0ac\uc0c1 \ucd5c\uace0\uce58\uc5d0\uc11c\ub294 \uc5ec\uc804\ud788 \ud06c\uac8c \uc544\ub798\uc5d0 \uba38\ubb3c\ub800\ub2e4.<\/p>\n<p>\uba54\ubaa8\ub9ac \ubc18\ub3c4\uccb4 \uad00\ub828\uc8fc\ub294 \uc7a5 \ucd08\ubc18 \ud558\ub77d\uc744 \uc8fc\ub3c4\ud588\ub2e4. \uc528\uac8c\uc774\ud2b8\ub294 \ucd5c\uace0\uacbd\uc601\uc790(CEO)\uac00 \uc2e0\uaddc \uacf5\uc7a5\uc774 \uac00\ub3d9\ub418\uae30\uae4c\uc9c0 \u201c\ub108\ubb34 \uc624\ub798 \uac78\ub9b0\ub2e4\u201d\uace0 \uc5b8\uae09\ud55c \ub4a4 7% \uae09\ub77d\ud588\ub2e4. \ub9c8\uc774\ud06c\ub860\uc740 2% \ud558\ub77d\ud588\uc73c\uba70, \ub098\uc2a4\ub2e5100(\ub098\uc2a4\ub2e5 \uc0c1\uc7a5 \ub300\ud615\uc8fc 100\uac1c\ub85c \uad6c\uc131\ub41c \uc9c0\uc218)\uc740 \uae08\uc694\uc77c 1.5% \ub5a8\uc5b4\uc838 3\uc6d4 \ub9d0 \uc774\ud6c4 \ucd5c\ub300 \uc77c\uc77c \ub099\ud3ed\uc744 \uae30\ub85d\ud588\ub2e4.<\/p>\n<h3>Bond Yields And Macro Backdrop<\/h3>\n<p>\uc720\uac00\ub294 \ubbf8\uad6d-\uc774\ub780 \uac04 \uae34\uc7a5\uc774 \uc774\uc5b4\uc9c0\uba70 \uc0c1\uc2b9\ud588\ub2e4. \uc11c\ubd80\ud14d\uc0ac\uc2a4\uc0b0\uc6d0\uc720(WTI)\ub294 \ubc30\ub7f4\ub2f9 105\ub2ec\ub7ec\ub97c \uc6c3\ub3c4\ub294 \uc218\uc900\uc5d0\uc11c 0.5% \uc62c\ub790\uace0, \ube0c\ub80c\ud2b8\uc720\ub3c4 109\ub2ec\ub7ec \ubd80\uadfc\uc5d0\uc11c 0.5% \uc0c1\uc2b9\ud588\ub2e4. \ubbf8\uad6d 30\ub144\ubb3c \uad6d\ucc44\uae08\ub9ac(30\ub144 \ub9cc\uae30 \ubbf8 \uad6d\ucc44 \uc218\uc775\ub960)\ub294 \uae08\uc694\uc77c \uc57d 1\ub144 \ub9cc\uc758 \ucd5c\uace0\uce58\ub97c \ucc0d\uc740 \ub4a4 \uc6d4\uc694\uc77c\uc5d0\ub294 \ub300\uccb4\ub85c \ubcf4\ud569\uad8c\uc774\uc5c8\uace0, \uc601\uad6d 30\ub144\ubb3c \uae38\ud2b8\uae08\ub9ac(\uc601\uad6d \uc7a5\uae30 \uad6d\ucc44 \uc218\uc775\ub960)\ub294 1990\ub144\ub300 \ud6c4\ubc18 \uc774\ud6c4 \ubcf4\uae30 \uc5b4\ub824\uc6e0\ub358 \uc218\uc900\uc5d0\uc11c \uc6c0\uc9c1\uc600\ub2e4.<\/p>\n<p>\uc77c\uc694\uc77c \ub3c4\ub110\ub4dc \ud2b8\ub7fc\ud504 \ub300\ud1b5\ub839\uc740 \uc774\ub780\uc774 \u201c\ube68\ub9ac \uc6c0\uc9c1\uc5ec\uc57c \ud55c\ub2e4\u201d\uba70 \uadf8\ub807\uc9c0 \uc54a\uc73c\uba74 \u201c\uc544\ubb34\uac83\ub3c4 \ub0a8\uc9c0 \uc54a\uc744 \uac83\u201d\uc774\ub77c\uace0 \uacbd\uace0\ud588\ub2e4. \ub610 \uc545\uc2dc\uc624\uc2a4\ub294 \ubbf8\uad6d\uc774 \uc774\ub780\uc758 \uc218\uc815 \uc81c\uc548\uc774 \uc5ec\uc804\ud788 \ubd88\ucda9\ubd84\ud558\ub2e4\uace0 \ubcf4\uace0 \uc788\ub2e4\uace0 \uc804\ud588\ub2e4. \uc774\uc5d0 \ub530\ub77c \ud638\ub974\ubb34\uc988 \ud574\ud611(\uc911\ub3d9 \uc6d0\uc720 \uc218\uc1a1\uc758 \ud575\uc2ec \ud574\uc0c1 \uc694\ucda9\uc9c0) \uc8fc\ubcc0\uc758 \u2018\uc704\ud5d8 \ud504\ub9ac\ubbf8\uc5c4\u2019(\uc9c0\uc815\ud559\uc801 \uc704\ud5d8\uc744 \ubc18\uc601\ud574 \uac00\uaca9\uc5d0 \ucd94\uac00\ub85c \ubd99\ub294 \uc694\uc778)\uc774 \uc720\uc9c0\ub410\ub2e4.<\/p>\n<p>\ubbf8\uad6d \uc8fc\uc694 \uacbd\uc81c\uc9c0\ud45c \ubc1c\ud45c\ub294 \ub9ce\uc9c0 \uc54a\uc9c0\ub9cc, \ubaa9\uc694\uc77c \ubc1c\ud45c\ub418\ub294 \uc7a0\uc815 PMI(\uad6c\ub9e4\uad00\ub9ac\uc790\uc9c0\uc218\u00b7\uae30\uc5c5 \uad6c\ub9e4 \ub2f4\ub2f9\uc790 \uc124\ubb38\uc744 \ubc14\ud0d5\uc73c\ub85c \uacbd\uae30 \ud655\uc7a5\/\uc704\ucd95\uc744 \uac00\ub2a0\ud558\ub294 \uc9c0\ud45c)\uac00 \ud575\uc2ec\uc774\ub2e4. \uc81c\uc870\uc5c5 53.8(\uc774\uc804 54.5), \uc11c\ube44\uc2a4\uc5c5 51.3(\uc774\uc804 51)\uc774 \uc608\uc0c1\ub41c\ub2e4. \uc5f0\uc900(Fed) \uc778\uc0ac \ubc1c\uc5b8\uc740 \ud06c\ub9ac\uc2a4\ud1a0\ud37c \uc6d4\ub7ec \uc774\uc0ac\uac00 \ud654\uc694\uc77c\uacfc \uae08\uc694\uc77c\uc5d0 \uc608\uc815\ub3fc \uc788\uace0, \uc218\uc694\uc77c\uc5d0\ub294 FOMC \uc758\uc0ac\ub85d(\uc5f0\ubc29\uacf5\uac1c\uc2dc\uc7a5\uc704\uc6d0\ud68c \ud68c\uc758\ub85d)\uc774 \uacf5\uac1c\ub41c\ub2e4. \uae08\uc694\uc77c\uc5d0\ub294 \ubbf8\uc2dc\uac04\ub300 \uc18c\ube44\uc790\uc2ec\ub9ac\uc9c0\uc218 \uc870\uc0ac(\uac00\uacc4 \uc2ec\ub9ac\uc640 \uc778\ud50c\ub808\uc774\uc158 \uae30\ub300\ub97c \ud568\uaed8 \ubcf4\ub294 \uc124\ubb38)\uac00 \ub098\uc628\ub2e4.<\/p>\n<p>\uc55e\uc11c 2025\ub144 5\uc6d4 \uac19\uc740 \uc2dc\uae30\uc5d0\ub294 \uae00\ub85c\ubc8c \uc7a5\uae30\uae08\ub9ac \uae09\ub4f1\uc774 \uc2dc\uc7a5\uc744 \uc704\ucd95\uc2dc\ud0a4\uba70 S&#038;P500\uacfc \ub098\uc2a4\ub2e5\uc758 \uc0c1\ub2e8\uc744 \uc81c\ud55c\ud55c \ubc14 \uc788\ub2e4. \ud604\uc7ac\ub3c4 \ubbf8 10\ub144\ubb3c \uad6d\ucc44\uae08\ub9ac\uac00 4.4% \uc704\uc5d0\uc11c \uc27d\uac8c \ub0b4\ub824\uc624\uc9c0 \uc54a\uc73c\uba74\uc11c, \uae08\ub9ac \ubd80\ub2f4\uc740 \uc131\uc7a5\uc8fc\uc5d0 \uc5ec\uc804\ud788 \ud070 \uc5ed\ud48d\uc774\ub2e4. \ud2b8\ub808\uc774\ub354\ub294 \uae08\ub9ac \uc0c1\uc2b9\uc774 \ubc38\ub958\uc5d0\uc774\uc158(\uae30\uc5c5\uac00\uce58 \ud3c9\uac00)\uc5d0 \uc8fc\ub294 \uc555\ub825\uc744 \ud5e4\uc9c0(\uc704\ud5d8\uc744 \uc0c1\uc1c4\ud558\uae30 \uc704\ud55c \uac70\ub798)\ud558\uae30 \uc704\ud574, QQQ(\ub098\uc2a4\ub2e5100 \ucd94\uc885 ETF) \uc635\uc158(\uc815\ud574\uc9c4 \uae30\uac04\uc5d0 \ud2b9\uc815 \uac00\uaca9\uc73c\ub85c \uc0ac\uace0\ud314 \uad8c\ub9ac)\uc744 \ud65c\uc6a9\ud558\ub294 \ubc29\uc548\uc744 \uace0\ub824\ud560 \uc218 \uc788\ub2e4.<\/p>\n<p>2025\ub144 5\uc6d4\uc5d0\ub294 \ub9c8\uc774\ud06c\ub860 \ub4f1 \uba54\ubaa8\ub9ac \ubc18\ub3c4\uccb4\uac00 \uacf5\uc7a5 \uc99d\uc124 \uc18d\ub3c4\uc5d0 \ub300\ud55c \uc6b0\ub824\ub85c \ud0c0\uaca9\uc744 \ubc1b\uc558\ub2e4. \uc774\ud6c4 \uc778\uacf5\uc9c0\ub2a5(AI) \uc218\uc694\uac00 \uace0\ub300\uc5ed\ud3ed\uba54\ubaa8\ub9ac(HBM\u00b7AI\uc6a9\uc73c\ub85c \ub370\uc774\ud130 \ucc98\ub9ac \uc18d\ub3c4\ub97c \ub192\uc778 \uace0\uc131\ub2a5 D\ub7a8)\ub85c \ube60\ub974\uac8c \uc3e0\ub9ac\uba70, \ub9c8\uc774\ud06c\ub860 \uc8fc\uac00\ub294 \uc9c0\ub09c 1\ub144\uac04 90% \ub118\uac8c \uc0c1\uc2b9\ud588\ub2e4. AI \uad00\ub828 \uc120\ub3c4 \ubc18\ub3c4\uccb4\uc8fc\uc758 \uc758\ubbf8 \uc788\ub294 \uc870\uc815\uc740, \ucf5c\uc635\uc158(\uc0c1\uc2b9\uc5d0 \ubca0\ud305\ud558\ub294 \ub9e4\uc218 \uad8c\ub9ac) \ub9e4\uc218 \uae30\ud68c\ub85c \ud574\uc11d\ub420 \uc218 \uc788\ub2e4. \uc774\ub294 \uc218\uae09 \ubd88\uade0\ud615(\uc218\uc694\uac00 \uacf5\uae09\uc744 \uc55e\uc11c\ub294 \uc0c1\ud0dc)\uc774 \uc774\uc5b4\uc9c4\ub2e4\ub294 \uac00\uc815\uc5d0 \uae30\ubc18\ud55c\ub2e4.<\/p>\n<h3>Energy And Geopolitical Hedging<\/h3>\n<p>2025\ub144 5\uc6d4\uc5d0\ub294 \ubb3c\uac00 \uc9c0\ud45c\uac00 \uc608\uc0c1\ubcf4\ub2e4 \ub728\uac81\uac8c \ub098\uc624\uba70 \uc5f0\uc900\uc758 \uae08\ub9ac \uc778\ud558 \uae30\ub300\uac00 \ud06c\uac8c \ub4a4\ub85c \ubc00\ub838\uace0, \uacbd\uae30 \ub454\ud654 \uc2e0\ud638\ub97c \ucc3e\uae30 \uc704\ud574 PMI\uc5d0 \uc2dc\uc120\uc774 \uc3e0\ub838\ub2e4. \ud604\uc7ac\ub3c4 \uc885\ud569 PMI(\uc81c\uc870\uc5c5+\uc11c\ube44\uc2a4\uc5c5\uc744 \ud569\uce5c \uacbd\uae30 \uc9c0\ud45c)\uac00 51.3\uc73c\ub85c \ud655\uc7a5 \uad6d\uba74(50 \uc774\uc0c1) \uacbd\uacc4\uc120 \uc704\uc5d0 \uc788\uace0, \uc5f0\uc900\uc740 \uae08\ub9ac\ub97c \u201c\ub354 \uc624\ub798, \ub354 \ub192\uc740 \uc218\uc900\u201d\uc73c\ub85c \uc720\uc9c0\ud558\uaca0\ub2e4\ub294 \uc2e0\ud638\ub97c \ub0b4\uace0 \uc788\ub2e4. \ud30c\uc0dd\uc0c1\ud488(\uae30\ucd08\uc790\uc0b0 \uac00\uaca9\uc744 \ubc14\ud0d5\uc73c\ub85c \uac00\uce58\uac00 \uacb0\uc815\ub418\ub294 \uae08\uc735\uc0c1\ud488) \ud2b8\ub808\uc774\ub354\ub294 \ubbf8\uc2dc\uac04\ub300 \uc870\uc0ac\uc5d0\uc11c \ubc1c\ud45c\ub418\ub294 \uc778\ud50c\ub808\uc774\uc158 \uae30\ub300(\ud5a5\ud6c4 \ubb3c\uac00\uc5d0 \ub300\ud55c \uac00\uacc4\uc758 \uc608\uc0c1) \ubcc0\ud654\ub97c \uc8fc\uc2dc\ud560 \ud544\uc694\uac00 \uc788\ub2e4. \uc608\uc0c1 \ubc16 \ubcc0\ud654\ub294 \uc5f0\uc900\uc758 \uc815\ucc45 \uacbd\ub85c(\uae08\ub9ac \uc778\ud558 \uc2dc\uc810 \ub4f1)\uc5d0 \uc601\ud5a5\uc744 \uc904 \uc218 \uc788\ub2e4.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\uc7a5\uc911 \ubc18\ub4f1\uc5d0\ub3c4 \u7f8e\uc99d\uc2dc, \uc7a5\uae30\uae08\ub9ac\u00b7\uc720\uac00 \ub9ac\uc2a4\ud06c\uc5d0 \u2018\uc228\uace0\ub974\uae30\u2019\u2014\ubc18\ub3c4\uccb4 \uae09\ub77d\uc774 \ubc1c\ubaa9. \ud2b8\ub7fc\ud504-\uc774\ub780 \uae34\uc7a5 \uc18d \uc704\ud5d8\ud504\ub9ac\ubbf8\uc5c4 \uc9c0\uc18d, PMI\u00b7FOMC \uc758\uc0ac\ub85d\u00b7\ubbf8\uc2dc\uac04 \uae30\ub300\uc778\ud50c\ub808\uac00 \ubcc0\uace1\uc810.<\/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-46961","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\/46961","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=46961"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/posts\/46961\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/media?parent=46961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/categories?post=46961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/kr-asia\/wp-json\/wp\/v2\/tags?post=46961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}