\u767d\u9280\uff08XAG\/USD\uff09\u5468\u4e94\u4e9e\u6d32\u6642\u6bb5\u5728\u6bcf\u76ce\u53f876.00\u7f8e\u5143\u9644\u8fd1\u4ea4\u6295\uff0c\u5ef6\u7e8c\u5347\u52e2\u3002\u7f8e\u570b\u8207\u4f0a\u6717\u9054\u6210\u505c\u706b\u5f8c\uff0c\u6cb9\u50f9\u6025\u632b\uff0c\u5e02\u5834\u5c0d\u901a\u8139\u518d\u8d77\u3001\u4ee5\u53ca\u592e\u884c\u9032\u4e00\u6b65\u52a0\u606f\u7684\u6182\u616e\u964d\u6eab\uff0c\u4ee4\u9280\u50f9\u7372\u5f97\u652f\u6301\u3002<\/p>\n
\u767d\u9280\u4ea6\u53d7\u60e0\u65bc\u672c\u5468\u8f03\u65e9\u6642\u7f8e\u5143\u8f49\u5f31\uff0c\u4ee4\u4f7f\u7528\u5176\u4ed6\u8ca8\u5e63\u7684\u8cb7\u5bb6\u6210\u672c\u4e0b\u964d\u3002\u4e0d\u904e\uff0c\u96a8\u7f8e\u5143\u5728\u5e02\u5834\u8f49\u5411\u907f\u96aa\uff08risk-off\uff0c\u5373\u8cc7\u91d1\u7531\u9ad8\u98a8\u96aa\u8cc7\u7522\u8f49\u6295\u8f03\u5b89\u5168\u8cc7\u7522\uff09\u6642\u56de\u7a69\uff0c\u52a0\u4e0a\u505c\u706b\u80fd\u7dad\u6301\u591a\u4e45\u4ecd\u5b58\u4e0d\u78ba\u5b9a\uff0c\u5347\u5e45\u6216\u53d7\u9650\u5236\u3002<\/p>\n
\u5e02\u5834\u4ecd\u4fdd\u6301\u5be9\u614e\uff0c\u4ee5\u8272\u5217\u6301\u7e8c\u6253\u64ca\u771f\u4e3b\u9ee8\uff08Hezbollah\uff09\uff0c\u800c\u4ee5\u8272\u5217\u7e3d\u7406\u5167\u5854\u5c3c\u4e9e\u80e1\u8868\u793a\uff0c\u4ee5\u65b9\u5c07\u5f88\u5feb\u8207\u9ece\u5df4\u5ae9\u5c55\u958b\u76f4\u63a5\u6703\u8ac7\u3002\u7f8e\u570b\u7e3d\u7d71\u7279\u6717\u666e\u7a31\uff0c\u7f8e\u8ecd\u5c07\u7e7c\u7e8c\u5728\u4f0a\u6717\u5468\u908a\u90e8\u7f72\uff0c\u76f4\u81f3\u5c0d\u65b9\u5b8c\u5168\u5c65\u884c\u5354\u8b70\u3002<\/p>\n
\u5e02\u5834\u4ea6\u95dc\u6ce8\u672c\u5468\u672b\u9810\u8a08\u5728\u4f0a\u65af\u862d\u5821\u8209\u884c\u7684\u6703\u8ac7\uff0c\u7f8e\u570b\u526f\u7e3d\u7d71JD Vance\uff08\u842c\u65af\uff09\u53ef\u80fd\u7387\u9818\u7f8e\u65b9\u8207\u4f0a\u6717\u5b98\u54e1\u6703\u9762\u3002\u5468\u4e94\u672a\u898b\u6709\u4ee3\u8868\u5718\u62b5\u9054\u7684\u5b98\u65b9\u78ba\u8a8d\u3002<\/p>\n
\u806f\u5132\u5c403\u6708\u6703\u8b70\u7d00\u9304\u986f\u793a\uff0c\u5b98\u54e1\u7dad\u6301\u300c\u89c0\u671b\u300d\uff08wait-and-see\uff0c\u5373\u66ab\u4e0d\u4f5c\u653f\u7b56\u6539\u52d5\uff0c\u5148\u89c0\u5bdf\u6578\u64da\uff09\u7acb\u5834\uff0c\u540c\u6642\u6307\u51fa\u8207\u6cb9\u50f9\u4e0a\u5347\u76f8\u95dc\u7684\u901a\u8139\u98a8\u96aa\u73fe\u8f03\u70ba\u5747\u8861\u3002\u4ea4\u6613\u54e1\u805a\u7126\u7a0d\u5f8c\u5317\u7f8e\u6642\u6bb5\u516c\u5e03\u7684\u7f8e\u570b\u6d88\u8cbb\u7269\u50f9\u6307\u6578\uff08CPI\uff0c\u5373\u8861\u91cf\u4e00\u7c43\u5b50\u5546\u54c1\u53ca\u670d\u52d9\u50f9\u683c\u8b8a\u5316\u7684\u901a\u8139\u6307\u6a19\uff09\u3002<\/p>\n
\u5728\u767d\u9280\u5347\u81f3\u6b77\u53f2\u9ad8\u4f4d76.00\u7f8e\u5143\u4e4b\u969b\uff0c\u5e02\u5834\u7126\u9ede\u843d\u5728\u8fd1\u671f\u5730\u7de3\u653f\u6cbb\u7de9\u548c\u80fd\u5426\u5ef6\u7e8c\u3002\u7f8e\u4f0a\u505c\u706b\u6d88\u606f\u4ee4\u6cb9\u50f9\u6025\u8dcc\uff0c\u7d13\u7de9\u901a\u8139\u6182\u616e\uff0c\u6210\u70ba\u63a8\u52d5\u300c\u7121\u606f\u8cc7\u7522\u300d\uff08non-yielding assets\uff0c\u5373\u4e0d\u63d0\u4f9b\u5229\u606f\u6216\u80a1\u606f\u56de\u5831\u7684\u8cc7\u7522\uff0c\u5982\u9ec3\u91d1\u8207\u767d\u9280\uff09\u4e0a\u5347\u7684\u4e3b\u56e0\u3002\u4e0d\u904e\u5c40\u52e2\u4ecd\u8106\u5f31\uff0c\u4f0a\u65af\u862d\u5821\u6703\u8ac7\u82e5\u51fa\u73fe\u8ca0\u9762\u6d88\u606f\uff0c\u53ef\u80fd\u8fc5\u901f\u626d\u8f49\u5347\u5e45\u3002<\/p>\n
2026\u5e744\u670810\u65e5\u7684\u95dc\u9375\u4e8b\u4ef6\u662f\u7f8e\u570bCPI\u5831\u544a\u3002\u897f\u5fb7\u5dde\u4e2d\u8cea\u539f\u6cb9\uff08WTI\uff0c\u5373\u7f8e\u570b\u57fa\u6e96\u539f\u6cb9\uff1b\u539f\u6cb9\u671f\u8ca8\u70ba\u5728\u4ea4\u6613\u6240\u8cb7\u8ce3\u3001\u6309\u672a\u4f86\u4ea4\u5272\u6708\u4efd\u5b9a\u50f9\u7684\u5408\u7d04\uff09\u671f\u8ca8\u672c\u5468\u81ea2025\u5e74\u5e95\u7dca\u5f35\u5c40\u52e2\u5f15\u767c\u7684\u9ad8\u4f4d\u56de\u843d\u903e15%\uff0c\u5e02\u5834\u56e0\u6b64\u62bc\u6ce8\u901a\u8139\u6578\u64da\u504f\u8edf\u3002\u82e5CPI\u986f\u8457\u4f4e\u65bc\u9810\u671f\uff0c\u6216\u6703\u5f37\u5316\u806f\u5132\u5c40\u7684\u89c0\u671b\u53d6\u614b\uff0c\u4e26\u9032\u4e00\u6b65\u63a8\u9ad8\u9280\u50f9\u3002<\/p>\n
\u9700\u7559\u610f\u806f\u5132\u5c40\u4ecd\u504f\u5be9\u614e\uff0c\u53d6\u614b\u82072023\u5e74\u76f8\u4f3c\uff0c\u7576\u6642\u6c7a\u7b56\u8005\u66ab\u505c\u52a0\u606f\u4ee5\u8a55\u4f30\u5feb\u901f\u52a0\u606f\u7684\u5f71\u97ff\u30023\u6708\u6703\u8b70\u7d00\u9304\u53cd\u6620\uff0c\u806f\u5132\u5c40\u672a\u6e96\u5099\u5ba3\u5e03\u5df2\u5b8c\u5168\u58d3\u5236\u53bb\u5e74\u80fd\u6e90\u5371\u6a5f\u63a8\u5347\u7684\u901a\u8139\uff0c\u4ee4\u4eca\u65e5\u901a\u8139\u6578\u64da\u6210\u70ba\u77ed\u7dda\u5229\u7387\u9810\u671f\u7684\u95dc\u9375\u8f49\u6298\u9ede\u3002<\/p>\n
\u7531\u65bcCPI\u7d50\u679c\u8207\u505c\u706b\u80fd\u5426\u7dad\u6301\u5747\u5b58\u5728\u300c\u4e8c\u9078\u4e00\u5f0f\u98a8\u96aa\u300d\uff08binary risks\uff0c\u5373\u7d50\u679c\u53ef\u80fd\u504f\u5411\u5169\u500b\u622a\u7136\u4e0d\u540c\u65b9\u5411\uff09\uff0c\u5f15\u4f38\u6ce2\u5e45\uff08implied volatility\uff0c\u5373\u7531\u671f\u6b0a\u50f9\u683c\u63a8\u7b97\u3001\u53cd\u6620\u5e02\u5834\u5c0d\u672a\u4f86\u6ce2\u52d5\u9810\u671f\u7684\u6307\u6a19\uff09\u504f\u9ad8\u3002\u829d\u52a0\u54e5\u671f\u6b0a\u4ea4\u6613\u6240\u6ce2\u52d5\u7387\u6307\u6578\uff08VIX\uff0c\u5373\u6a19\u666e500\u671f\u6b0a\u7684\u5e02\u5834\u6050\u614c\u6307\u6a19\uff09\u5f98\u5f8a\u572825\u5de6\u53f3\uff0c\u660e\u986f\u9ad8\u65bc\u9577\u671f\u5e73\u5747\uff0c\u53cd\u6620\u5e02\u5834\u9810\u671f\u672a\u4f86\u6578\u5468\u6ce2\u52d5\u52a0\u5287\u3002\u5c0d\u884d\u751f\u5de5\u5177\uff08derivatives\uff0c\u5373\u50f9\u503c\u53d6\u6c7a\u65bc\u6a19\u7684\u8cc7\u7522\uff0c\u5982\u671f\u8ca8\u8207\u671f\u6b0a\uff09\u4ea4\u6613\u54e1\u800c\u8a00\uff0c\u55ae\u7d14\u62bc\u65b9\u5411\u98a8\u96aa\u8f03\u5927\u3002<\/p>\n
\u53ef\u8003\u616e\u53d7\u60e0\u65bc\u9ad8\u6ce2\u52d5\u7684\u7b56\u7565\uff0c\u4f8b\u5982\u5728\u767d\u9280ETF\uff08\u4ea4\u6613\u6240\u8cb7\u8ce3\u57fa\u91d1\uff0c\u5373\u5728\u4ea4\u6613\u6240\u50cf\u80a1\u7968\u4e00\u6a23\u8cb7\u8ce3\u3001\u8ffd\u8e64\u7279\u5b9a\u8cc7\u7522\u50f9\u683c\u7684\u57fa\u91d1\uff09\u4e0a\u8cb7\u5165\u300c\u8de8\u5f0f\u300d\uff08long straddle\uff0c\u5373\u540c\u6642\u8cb7\u5165\u540c\u4e00\u5230\u671f\u65e5\u53ca\u540c\u4e00\u884c\u4f7f\u50f9\u7684\u8a8d\u8cfc\u671f\u6b0a\u8207\u8a8d\u6cbd\u671f\u6b0a\uff09\u6216\u300c\u5bec\u8de8\u5f0f\u300d\uff08long strangle\uff0c\u5373\u540c\u6642\u8cb7\u5165\u540c\u4e00\u5230\u671f\u65e5\u3001\u4f46\u4e0d\u540c\u884c\u4f7f\u50f9\u7684\u8a8d\u8cfc\u8207\u8a8d\u6cbd\uff09\u671f\u6b0a\u3002\u900f\u904e\u540c\u6642\u8cb7\u5165\u8a8d\u8cfc\u8207\u8a8d\u6cbd\u671f\u6b0a\uff0c\u4ea4\u6613\u8005\u53ef\u5728\u50f9\u683c\u5927\u5e45\u4e0a\u5347\u6216\u4e0b\u8dcc\u6642\u7372\u5229\uff0c\u7121\u9700\u4e8b\u5148\u5224\u65b7\u4e8b\u4ef6\u7d50\u679c\u3002<\/p>\n
\u53e6\u5916\uff0c\u5728\u9280\u50f9\u8655\u65bc\u6975\u7aef\u6c34\u5e73\u4e0b\uff0c\u8cb7\u5165\u8a8d\u6cbd\u671f\u6b0a\uff08puts\uff0c\u5373\u8ce6\u4e88\u6301\u6709\u4eba\u5728\u5230\u671f\u524d\u6309\u884c\u4f7f\u50f9\u6cbd\u51fa\u6a19\u7684\u8cc7\u7522\u7684\u6b0a\u5229\uff09\u53ef\u4f5c\u5c0d\u6c96\uff08hedge\uff0c\u5373\u7528\u53e6\u4e00\u7b46\u4ea4\u6613\u6e1b\u4f4e\u98a8\u96aa\uff09\u6216\u535a\u56de\u8abf\u3002\u82e5\u5730\u7de3\u5c40\u52e2\u8da8\u7a69\u3001\u800c\u806f\u5132\u5c40\u672a\u91cb\u51fa\u77ed\u671f\u6e1b\u606f\u8a0a\u865f\uff0c\u9280\u50f9\u7dad\u6301\u572876\u7f8e\u5143\u7684\u7406\u64da\u5c07\u660e\u986f\u524a\u5f31\u30022024\u5e74\u66fe\u51fa\u73fe\u5730\u7de3\u6050\u614c\u964d\u6eab\u5f8c\u8cb4\u91d1\u5c6c\u6025\u632b\u7684\u60c5\u6cc1\uff0c\u53ef\u4f5c\u53c3\u8003\u3002<\/p>\n
\u5efa\u7acbVT Markets\u771f\u5be6\u5e33\u6236<\/a>\u00a0\u4e26\u00a0\u7acb\u5373\u958b\u59cb\u4ea4\u6613<\/a>\u3002 <\/b><\/p>\n","protected":false},"excerpt":{"rendered":" \u52a0\u606f\u9810\u671f\u964d\u6eab\u5e36\u52d5\u907f\u96aa\u8207\u5de5\u696d\u9700\u6c42\u60f3\u50cf\uff0c\u767d\u9280\u7e8c\u5f37\uff0c\u4e9e\u6d32\u6642\u6bb5\u5f98\u5f8a\u6bcf\u76ce\u53f876\u7f8e\u5143\u95dc\u53e3\uff1b\u591a\u982d\u80fd\u5426\u4e58\u52e2\u7a81\u7834\uff0c\u6210\u5e02\u5834\u4e0b\u4e00\u7126\u9ede\u3002<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-44628","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\/zh\/wp-json\/wp\/v2\/posts\/44628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/comments?post=44628"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/posts\/44628\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/media?parent=44628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/categories?post=44628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/zh\/wp-json\/wp\/v2\/tags?post=44628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}