{"id":32733,"date":"2025-04-05T00:56:42","date_gmt":"2025-04-05T04:56:42","guid":{"rendered":"https:\/\/www.chinesepress.com\/?p=32733"},"modified":"2025-04-05T00:56:43","modified_gmt":"2025-04-05T04:56:43","slug":"%e7%be%8e%e8%82%a1%e8%92%b8%e7%99%bc%e8%b6%855%e8%90%ac%e5%84%84%e7%be%8e%e5%85%83%ef%bc%8c%e7%89%b9%e6%9c%97%e6%99%ae%e9%97%9c%e7%a8%85%e6%98%af95%e5%b9%b4%e4%be%86%e6%9c%80%e5%a4%a7","status":"publish","type":"post","link":"https:\/\/www.chinesepress.com\/pre\/archives\/32733","title":{"rendered":"\u7f8e\u80a1\u84b8\u767c\u8d855\u842c\u5104\u7f8e\u5143\uff0c\u201c\u7279\u6717\u666e\u95dc\u7a05\u662f95\u5e74\u4f86\u6700\u5927\u653f\u7b56\u5931\u8aa4\u201d"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" width=\"550\" height=\"212\" src=\"https:\/\/www.chinesepress.com\/wp-content\/uploads\/2025\/04\/20250405091022361-550x212.jpg\" alt=\"\" class=\"wp-image-32734\" srcset=\"https:\/\/www.chinesepress.com\/pre\/wp-content\/uploads\/2025\/04\/20250405091022361-550x212.jpg 550w, https:\/\/www.chinesepress.com\/pre\/wp-content\/uploads\/2025\/04\/20250405091022361-400x154.jpg 400w, https:\/\/www.chinesepress.com\/pre\/wp-content\/uploads\/2025\/04\/20250405091022361-768x296.jpg 768w, https:\/\/www.chinesepress.com\/pre\/wp-content\/uploads\/2025\/04\/20250405091022361.jpg 1200w\" sizes=\"(max-width: 550px) 100vw, 550px\" 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class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" width=\"550\" height=\"300\" src=\"https:\/\/www.chinesepress.com\/wp-content\/uploads\/2025\/04\/20250405091949860-550x300.jpg\" alt=\"\" class=\"wp-image-32735\" srcset=\"https:\/\/www.chinesepress.com\/pre\/wp-content\/uploads\/2025\/04\/20250405091949860-550x300.jpg 550w, https:\/\/www.chinesepress.com\/pre\/wp-content\/uploads\/2025\/04\/20250405091949860-400x218.jpg 400w, https:\/\/www.chinesepress.com\/pre\/wp-content\/uploads\/2025\/04\/20250405091949860.jpg 664w\" sizes=\"(max-width: 550px) 100vw, 550px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center\">\u5f6d\u535a\u793e\u5236\u5716 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srcset=\"https:\/\/www.chinesepress.com\/pre\/wp-content\/uploads\/2025\/04\/20250405091842511-550x291.jpg 550w, https:\/\/www.chinesepress.com\/pre\/wp-content\/uploads\/2025\/04\/20250405091842511-400x212.jpg 400w, https:\/\/www.chinesepress.com\/pre\/wp-content\/uploads\/2025\/04\/20250405091842511.jpg 670w\" sizes=\"(max-width: 550px) 100vw, 550px\" \/><\/figure>\n<\/div>\n\n\n<p>\u9053\u6307\u8f03\u53bb\u5e7412\u6708\u7684\u6b77\u53f2\u9ad8\u9ede\u4e0b\u8dcc\u903e10%\uff0c\u6536\u65bc\u56de\u8abf\u4e2d\u3002CFRA Research\u9996\u5e2d\u6295\u8cc7\u7b56\u7565\u5e2b\u85a9\u59c6\u00b7\u65af\u6258\u74e6\u723e\uff08Sam 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https:\/\/www.chinesepress.com\/pre\/wp-content\/uploads\/2025\/04\/20250405092013827.jpg 862w\" sizes=\"(max-width: 550px) 100vw, 550px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center\">\u7279\u6717\u666e\u5ba3\u5e03\u95dc\u7a05\u4ee5\u4f86\uff0c\u7f8e\u80a1\u4e09\u5927\u6307\u6578\u5927\u5e45\u4e0b\u8dcc CNN\u5236\u5716<\/p>\n\n\n\n<p>\u201c\u95dc\u7a05\u7126\u616e\u5e2d\u5377\u83ef\u723e\u8857\u201d\uff0cCNN\u7a31\uff0c\u96d6\u7136\u7f8e\u570b\u7576\u5929\uff084\u65e5\uff09\u767c\u5e03\u7684\u5c31\u696d\u589e\u9577\u6578\u64da\u8d85\u51fa\u9810\u671f\uff0c\u4f46\u95dc\u7a05\u7126\u616e\u4f9d\u7136\u4e3b\u5c0e\u5e02\u5834\u60c5\u7dd2\u3002\u829d\u52a0\u54e5\u671f\u6b0a\u4ea4\u6613\u6240\uff08Cboe\uff09\u6ce2\u52d5\u7387\u6307\u6578\uff08\u5373VIX\u201c\u6050\u614c\u6307\u6578\u201d\uff09\u66b4\u6f3250%\uff0c\u98c6\u5347\u81f345\u4ee5\u4e0a\uff0c\u90542020\u5e74\u4ee5\u4f86\u6700\u9ad8\u9ede\u3002<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><img decoding=\"async\" width=\"533\" height=\"300\" src=\"https:\/\/www.chinesepress.com\/wp-content\/uploads\/2025\/04\/20250405091743471-533x300.jpg\" alt=\"\" class=\"wp-image-32738\" srcset=\"https:\/\/www.chinesepress.com\/pre\/wp-content\/uploads\/2025\/04\/20250405091743471-533x300.jpg 533w, https:\/\/www.chinesepress.com\/pre\/wp-content\/uploads\/2025\/04\/20250405091743471-400x225.jpg 400w, https:\/\/www.chinesepress.com\/pre\/wp-content\/uploads\/2025\/04\/20250405091743471.jpg 654w\" sizes=\"(max-width: 533px) 100vw, 533px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"has-text-align-center\">\u5f6d\u535a\u793e\u5236\u5716<\/p>\n\n\n\n<p>Northlight Asset Management\u9996\u5e2d\u6295\u8cc7\u5b98\u514b\u91cc\u65af\u00b7\u7d2e\u5361\u96f7\u5229\uff08Chris Zaccarelli\uff09\u8aaa\uff1a\u201c\u4e0d\u5e78\u7684\u662f\uff0c\u5e02\u5834\u4e0d\u518d\u95dc\u6ce8\u5c31\u696d\u5e02\u5834\uff0c\u800c\u662f\u5b8c\u5168\u805a\u7126\u65bc\u95dc\u7a05\u548c\u8cbf\u6613\u6230\uff0c\u56e0\u70ba\u7f8e\u570b\u8207\u4e16\u754c\u5176\u4ed6\u570b\u5bb6\u73a9\u5f04\u653f\u6cbb\uff0c\u9019\u53ef\u80fd\u6703\u5f15\u767c\u5168\u7403\u7d93\u6fdf\u8870\u9000\u3002\u201d<\/p>\n\n\n\n<p>Horizon Investments\u9996\u5e2d\u6295\u8cc7\u5b98\u65af\u79d1\u7279\u00b7\u62c9\u5fb7\u7d0d\uff08Scott Ladner\uff09\u4e5f\u8868\u793a\uff1a\u201c\u4e00\u4efd\u597d\u7684\u5c31\u696d\u5831\u544a\u4e0d\u8db3\u4ee5\u5e73\u606f\u4eba\u5011\u5c0d\u7d93\u6fdf\u8870\u9000\u7684\u64d4\u6182\uff0c\u56e0\u70ba\u5b83\u662f\u56de\u9867\u6027\u7684\uff0c\u7121\u6cd5\u5b8c\u5168\u6d1e\u5bdf\u7d93\u6fdf\u5c07\u53d7\u5230\u8cbf\u6613\u6230\u7684\u56b4\u91cd\u6253\u64ca\u3002\u201d<\/p>\n\n\n\n<p>\u6295\u8cc7\u8005\u4e00\u76f4\u64d4\u5fc3\u8cbf\u6613\u6230\u7684\u6025\u5287\u5347\u7d1a\u53ef\u80fd\u5c0e\u81f4\u7f8e\u570b\u548c\u5168\u7403\u7d93\u6fdf\u9677\u5165\u8870\u9000\u3002\u6469\u6839\u5927\u901a\u9996\u5e2d\u7f8e\u570b\u7d93\u6fdf\u5b78\u5bb6\u9081\u514b\u723e\u00b7\u8cbb\u7f85\u5229\uff08Michael 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