[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcio0aae6609":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":77},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dcio0aae6609","为何华尔街认为2025年美股仍旧是最好选择？","\u002Fdoc\u002F为何华尔街认为2025年美股仍旧是最好选择_1154425873","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">过去\u003C\u002Fspan>15\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">年，美国大盘股几乎是一骑绝尘。全球一些投行巨头认为，\u003C\u002Fspan>2025\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">年应该还是这样。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cstrong>\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">华尔街分析师建议投资者继续看好美国最大公司的股票，标普\u003C\u002Fspan>500\u003C\u002Fstrong>\u003Cstrong>\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">指数似乎有可能连续第二年实现超过\u003C\u002Fspan>25%\u003C\u002Fstrong>\u003Cstrong>\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">的总回报率，这个成绩并不多见。\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cstrong>\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">\u003Cimg src=\"https:\u002F\u002Fstockwewebfiles.blob.core.windows.net\u002Fweb-202412-stk\u002F777081768TOPSP500.jpg\" alt=\"\" width=\"1200\" height=\"1496\">\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">德意志银行\u003C\u002Fspan>(Deutsche Bank)\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">、高盛集团\u003C\u002Fspan>(Goldman Sachs Group)\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">、瑞银集团\u003C\u002Fspan>(UBS Group)\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">、巴克莱\u003C\u002Fspan>(Barclays)\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">、法国兴业银行\u003C\u002Fspan>(Societe Generale)\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">和摩根大通\u003C\u002Fspan>(JPMorgan Chase & Co.)\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">的团队都建议投资者明年侧重美国市场，不过一些机构也认为海外市场存在投资价值。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">多数机构预计，最大的机会可能出现在市场领头羊的轮动中，投资者正逐渐分散投资，不再集中于\u003C\u002Fspan>2023\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">年和\u003C\u002Fspan>2024\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">年主导市场的大型科技股。包括由\u003C\u002Fspan>Dubravko Lakos-Bujas\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">领导的摩根大通全球市场策略部门在内的许多机构都认为，金融类股和公用事业类股可能会受益。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">Lakos-Bujas\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">也认为日本股市看起来很有吸引力，但他认为欧元区和新兴市场的前景要悲观得多。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">这并不是说没有风险，即使在美国也是如此。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">美国大型公司估值高，外界对华盛顿即将出台的政策议程也仍然存疑，这些因素可能会让涨势脱轨，或者至少会带来更多波动。美国国债收益率的上升也让一些人感到紧张，外界普遍预计特朗普\u003C\u002Fspan>(Trump)\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">的关税议程将推高通胀。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">但美国经济依然强劲，人工智能\u003C\u002Fspan>(AI)\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">革命也带来一边倒的好处，应会继续利好美国股市。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">“到\u003C\u002Fspan>2025\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">年，美国特殊论行情可能会因政策变化而面临震荡和波动上升，但机遇可能大于风险，”摩根大通的\u003C\u002Fspan>Lakos-Bujas\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">在一份报告中表示。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">FactSet\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">的数据显示，在外界齐声看涨之际，美国国内股市占全球股票市场份额升至\u003C\u002Fspan>2001\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">年底以来的最高水平。数据显示，美国股市市值占全球股市总市值的比例超过了\u003C\u002Fspan>50%\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">法国兴业银行策略师\u003C\u002Fspan>Albert Edwards\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">最近甚至搬出了一个曾经流行的缩写——“\u003C\u002Fspan>TINA\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">”（意思是“别无选择”），来说明美股似乎仍是不二之选。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">估值高，但盈利预期也高\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cstrong>\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">多数看涨的华尔街策略师都标榜美国大型公司身上的诸多优势。优异的盈利增长可能会继续推高股价，并证明近期推动估值上升的市盈率扩张是合理的。\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">“美国企业的盈利预期相当健康，”巴克莱首席美国股票策略师\u003C\u002Fspan>Venu Krishna\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">在接受\u003C\u002Fspan>MarketW\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">采访时表示。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">尽管大型科技股应会继续占据这种增长的主要部分，但其他公司无疑正在追赶，尽管速度缓慢。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">“企业盈利强劲的支点仍集中在大型科技股上。但从方向上看，市场其他板块正朝着正确的方向发展，尽管速度比预期的要慢得多。”\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">即将上任的特朗普政府倾向于给企业减税和放松监管，这可能有助于进一步增加企业的利润，同时通过增加赤字支出来提振经济。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">选股者的市场\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">美股投资网获悉，一个共同的主题是分散化，即\u003C\u002Fspan>2025\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">年引领市场走高的行业和公司可能与\u003C\u002Fspan>2023\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">年和\u003C\u002Fspan>2024\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">年投资者已习惯的情况有所不同。\u003C\u002Fspan>Lakos-Bujas\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">表示，行业、风格、主题和各国之间表现不均衡，可能会造就一个选股者的市场。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">这种情况在\u003C\u002Fspan>2024\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">年下半年已经开始显现，因为更多行业加入了上涨行列。受特朗普放松监管议程预期推动，金融类股的表现甚至超过了信息技术类股。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">诚然，华尔街专业人士并没有完全否定海外投资的好处。一些人指出，其他国家和地区的股票最近在提供多样化投资方面的效果并不理想。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">但包括摩根大通资产管理部门首席全球策略师戴维·凯利\u003C\u002Fspan>(David Kelly)\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">领导的一个团队在内的其他人则认为，海外市场的低估值实在太有吸引力，不容错过。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">他的同事\u003C\u002Fspan>Lakos-Bujas\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">承认，在估值差距巨大和全球前景转变的推动下，\u003C\u002Fspan>2025\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">年晚些时候可能会开始出现趋同交易。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">他表示：“与此同时，缺乏高质量的美股替代品仍是现实。”\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">美国（科技）例外论\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">几十年来，美国经济一直是全球技术创新的中心。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">过去，这种\u003C\u002Fspan>Krishna\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">所说的“科技例外论”意味着率先发展和使用互联网。如今，它意味着走在\u003C\u002Fspan>AI\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">和云计算趋势的最前沿。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">这种情况不太可能很快改变，这也是\u003C\u002Fspan>Krishna\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">预计美国市场将继续占据主导地位的原因之一。尽管企业在\u003C\u002Fspan>AI\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">投资方面的回报仍存在很大不确定性，但随着时间的推移，\u003C\u002Fspan>AI\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">有望提高生产率，并使美国企业盈利能力更强。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">最近，美国经济也被证明能够抵抗住一些困扰欧元区和中国的压力。即使美联储为应对通胀飙升而大幅加息，美国劳动力市场也只是略有放缓。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cstrong>\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">最新美股大数据\u003C\u002Fspan> StockWe.com \u003C\u002Fstrong>\u003Cstrong>\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">显示，第三季度美国国内生产总值\u003C\u002Fspan>(GDP)\u003C\u002Fstrong>\u003Cstrong>\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">增长\u003C\u002Fspan>2.8%\u003C\u002Fstrong>\u003Cstrong>\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">，增速快于其他发达经济体，尽管制造业活动长期低迷的状况仍在持续。\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">即使明年全球经济增速如许多人预期的那样放缓，美国股市可能仍将受益。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">瑞银集团策略师表示，这是因为海外经济增长疲软会让外国投资者更青睐美国股票。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">瑞银团队表示，与其他国家的家庭相比，美国家庭的净资产与股票挂钩的比例更高，这有助于在市场上涨时放大“财富效应”带来的经济提振作用。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">瑞银团队称：“在美国，股市的积极财富效应高于其他地方，因为美国家庭的股票持有比例远高于其他国家。”\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cstrong>\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">德意志银行的策略师最近公布，该行预计标普\u003C\u002Fspan>500\u003C\u002Fstrong>\u003Cstrong>\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">指数到\u003C\u002Fspan>2025\u003C\u002Fstrong>\u003Cstrong>\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">年底的目标位在\u003C\u002Fspan>7,000\u003C\u002Fstrong>\u003Cstrong>\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">点，这是华尔街最为乐观的预测之一。\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">该团队认为，未来的风险主要与特朗普的政策议程有关。如果新一届美国政府决定对所有进口商品征收高额关税，情况可能会出现恶化。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">除此之外，德意志银行预计，特朗普的第二个任期将有助于提振企业利润和整体美国经济，而他的贸易政策可能会进一步加大其他经济体和市场跟上美国经济步伐的难度。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">风险依然存在\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">值得注意的是，华尔街对未来一年情况发展方向的预期很少会实现，尤其是在市场共识如此强烈、几乎没人愿意冒险提出大胆预测的情况下。至少在\u003C\u002Fspan>2023\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">年是这样，当时美国股市牛市出现的速度快于许多专业人士的预期。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">Spectra Markets\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">总裁布伦特·唐纳利\u003C\u002Fspan>(Brent Donnelly)\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">表示，他看到的大多数对未来一年的展望似乎都是对\u003C\u002Fspan>2024\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">年下半年已发生事情的推断。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">“关于\u003C\u002Fspan>2025\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">年的展望，我将写的内容会多得多，但暂时而言，预测人士似乎在围绕一个基本情形进行预测，而这个情形看起来像是对\u003C\u002Fspan>2024\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">年的推断，”唐纳利在最近与\u003C\u002Fspan>MarketWatch\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">分享的评论中表示。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">“鉴于这个全新的、‘震撼行动’政府将在明年\u003C\u002Fspan>1\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">月份的头几周开始放出风声，并在不久之后出台新政策，在我看来，这种预测似乎有些离谱。”\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">这可能意味着，真正的机会属于那些愿意与市场共识反向操作的人。\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cspan lang=\"ZH-CN\" style=\"font-family: SimSun; mso-ascii-font-family: Calibri; mso-ascii-theme-font: minor-latin; mso-fareast-theme-font: minor-fareast; mso-hansi-font-family: Calibri; mso-hansi-theme-font: minor-latin;\">更多深度报告，手机浏览器打开\u003C\u002Fspan>\u003C\u002Fp>\n\u003Cp class=\"MsoNormal\">\u003Cstrong>https:\u002F\u002FStockWe.com\u002Fcol\u002Fdepthreport\u003C\u002Fstrong>\u003C\u002Fp>","https:\u002F\u002Fstockwewebfiles.blob.core.windows.net\u002Fweb-202412-stk\u002FUploaderprpshp3gppj_2024_12_01_07_49_39.jpg","2024-12-01T15:49:12.847","2024.12.01","2024\u002F12\u002F01",37372,[22],"标普500","Article",0,"免费","success",{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":28,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},[22],"\u002Fcol\u002Fstocknews",{"visible":5,"marketingHtml":31,"services":32,"recentDocuments":41},"\u003Cfigure class=\"image\">\u003Ca href=\"https:\u002F\u002Fstockwe.com\u002Fdoc\u002Fdcio537efad5\" target=\"_blank\" rel=\"noopener noreferrer\">\u003Cimg style=\"display:block;margin-left:auto;margin-right:auto;\" src=\"https:\u002F\u002Fstockwewebfiles.blob.core.windows.net\u002Fweb-202408-stk\u002F1586109431mceclip0.jpg\">\u003C\u002Fa>\u003C\u002Ffigure>\u003Cdiv class=\"text-center\">\u003Ch2 class=\"card-title mx-auto\">\u003Cbr>\u003Ca target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\u002F\u002Fstockwe.com\u002Fdoc\u002Fdcio537efad5\">案例介绍：英伟达深度研究报告\u003C\u002Fa>\u003C\u002Fh2>\u003C\u002Fdiv>",[33,37],{"productId":34,"serviceName":35,"priceText":36},"prod_PPxdDdK87QaiLv","月付","$12.95美元",{"productId":38,"serviceName":39,"priceText":40},"prod_PPxeMs3bix1da5","年付","$149.00美元",[],{"links":43,"images":68,"summaryHtml":73,"aboutTitle":74,"aboutHtml":75,"copyrightHtml":76},[44,47,50,53,56,59,62,65],{"label":45,"url":46},"深度报告","\u002Fcol\u002FdepthReport",{"label":48,"url":49},"VIP会员","\u002Fplan",{"label":51,"url":52},"期权推荐","\u002FOption",{"label":54,"url":55},"低价暴涨股","\u002FPenny",{"label":57,"url":58},"常见问题","https:\u002F\u002Fstockwe.com\u002FFAQ",{"label":60,"url":61},"美股课程","\u002Fcol\u002Fvideos",{"label":63,"url":64},"免责声明","\u002Fdisclaimer",{"label":66,"url":67},"联系我们","\u002FContactUs",[69,70,71,72],"https:\u002F\u002Fstockwebsiteblob.blob.core.windows.net\u002Fweb-202509-stk\u002FUploaderzic2tuwsol2_2025_09_11_18_21_07.gif","https:\u002F\u002Fstockwebsiteblob.blob.core.windows.net\u002Fweb-202509-stk\u002FUploadercakzdvydksw_2025_09_03_09_00_56.png","https:\u002F\u002Fstockwebsiteblob.blob.core.windows.net\u002Fweb-202509-stk\u002FUploadergtjyagwvoyk_2025_09_14_08_32_05.png","https:\u002F\u002Fstockwebsiteblob.blob.core.windows.net\u002Fweb-202509-stk\u002FUploader3u0tt4jhlqh_2025_09_23_22_30_48.png","邮箱: buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 StockWe.com 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理千万级股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，精准买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":78,"search":79,"searchPlaceholder":79,"hotContent":80,"draft":81,"noData":82,"searchNoData":83,"edit":84,"editVideo":85,"courseContent":86,"more":87,"buyNow":88,"subscribeNow":89,"encoding":90,"paidContent":91},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","编辑","编辑视频","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]