{"id":46188,"date":"2026-05-04T08:56:12","date_gmt":"2026-05-04T08:56:12","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/%e4%b8%b9%e6%96%af%e5%85%8b%e9%93%b6%e8%a1%8c%ef%bc%9a%e4%b8%8a%e5%91%a8%e8%82%a1%e5%b8%82%e5%8f%97%e7%a7%91%e6%8a%80%e8%82%a1%e8%b4%a2%e6%8a%a5%e6%8f%90%e6%8c%af%e8%b5%b0%e9%ab%98%ef%bc%8c%e5%b0%bd\/"},"modified":"2026-05-04T08:56:12","modified_gmt":"2026-05-04T08:56:12","slug":"%e4%b8%b9%e6%96%af%e5%85%8b%e9%93%b6%e8%a1%8c%ef%bc%9a%e4%b8%8a%e5%91%a8%e8%82%a1%e5%b8%82%e5%8f%97%e7%a7%91%e6%8a%80%e8%82%a1%e8%b4%a2%e6%8a%a5%e6%8f%90%e6%8c%af%e8%b5%b0%e9%ab%98%ef%bc%8c%e5%b0%bd","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/live-updates\/%e4%b8%b9%e6%96%af%e5%85%8b%e9%93%b6%e8%a1%8c%ef%bc%9a%e4%b8%8a%e5%91%a8%e8%82%a1%e5%b8%82%e5%8f%97%e7%a7%91%e6%8a%80%e8%82%a1%e8%b4%a2%e6%8a%a5%e6%8f%90%e6%8c%af%e8%b5%b0%e9%ab%98%ef%bc%8c%e5%b0%bd\/","title":{"rendered":"\u4e39\u65af\u514b\u94f6\u884c\uff1a\u4e0a\u5468\u80a1\u5e02\u53d7\u79d1\u6280\u80a1\u8d22\u62a5\u63d0\u632f\u8d70\u9ad8\uff0c\u5c3d\u7ba1\u4f0a\u6717\u7d27\u5f20\u5c40\u52bf\u5347\u6e29\u3001\u6cb9\u4ef7\u8d70\u9ad8\u53ca\u503a\u5238\u6536\u76ca\u7387\u4e0a\u5347"},"content":{"rendered":"

\u4e0a\u5468\u80a1\u5e02\u6536\u9ad8\uff0c\u7531\u79d1\u6280\u80a1\u548c\u6210\u957f\u80a1\u5e26\u52a8\uff0c\u5c3d\u7ba1\u4e0e\u4f0a\u6717\u76f8\u5173\u7684\u7d27\u5f20\u5c40\u52bf\u548c\u6cb9\u4ef7\u4e0a\u5347\u6253\u538b\u5e02\u573a\u60c5\u7eea\u3002\u5e02\u573a\u4e5f\u51fa\u73b0\u80a1\u4ef7\u4e0e\u503a\u5238\u6536\u76ca\u7387\uff08\u503a\u5238\u5229\u7387\uff0c\u901a\u5e38\u6536\u76ca\u7387\u4e0a\u5347\u4ee3\u8868\u503a\u5238\u4ef7\u683c\u4e0b\u8dcc\uff09\u540c\u65f6\u4e0a\u5347\u7684\u60c5\u51b5\u3002<\/p>\n

\u6709\u62a5\u9053\u6307\u51fa\uff0c\u80a1\u503a\u4e4b\u95f4\u7ecf\u5178\u7684\u201c\u8d1f\u76f8\u5173\u201d\uff08\u80a1\u7968\u6da8\u65f6\u503a\u5238\u5e38\u8dcc\uff0c\u53cd\u4e4b\u4ea6\u7136\uff09\u5728\u4e00\u6bb5\u540c\u6da8\u540c\u8dcc\u4e4b\u540e\u6b63\u5728\u56de\u5f52\u3002\u4e0a\u5468\u6536\u76d8\u65f6\uff0c\u80a1\u4ef7\u4e0a\u6da8\u540c\u65f6\u6536\u76ca\u7387\u4e5f\u8d70\u9ad8\u3002<\/p>\n

Earnings Strength Driving Market Gains<\/h3>\n

\u8d22\u62a5\u5b63\u88ab\u5f62\u5bb9\u4e3a\u975e\u5e38\u5f3a\u52b2\uff0c\u662f\u8fd1\u671f\u4e0a\u6da8\u7684\u91cd\u8981\u63a8\u624b\u3002\u4e0e\u4f0a\u6717\u53ca\u6574\u4e2a\u4e2d\u4e1c\u76f8\u5173\u7684\u5730\u7f18\u653f\u6cbb\u98ce\u9669\uff0c\u88ab\u89c6\u4e3a\u6f5c\u5728\u7684\u4e0b\u884c\u56e0\u7d20\u3002<\/p>\n

\u636e\u62a5\uff0c\u80a1\u5e02\u5e74\u521d\u81f3\u4eca\u4e0a\u6da8\u7ea66%\u20137%\uff0c\u56de\u62a5\u4e3b\u8981\u6765\u81ea\u76c8\u5229\u589e\u957f\uff0c\u800c\u4e0d\u662f\u4f30\u503c\uff08\u5e02\u573a\u613f\u610f\u4e3a\u6bcf1\u5143\u76c8\u5229\u652f\u4ed8\u7684\u4ef7\u683c\u500d\u6570\uff09\u4e0a\u8c03\u3002\u6587\u7ae0\u4e5f\u6ce8\u660e\u7531AI\u5de5\u5177\u751f\u6210\u5e76\u7ecf\u7f16\u8f91\u5ba1\u9605\u3002<\/p>\n

\u5728\u9996\u5b63\u76c8\u5229\u5f3a\u52b2\u7684\u652f\u6491\u4e0b\uff0c\u53ef\u8003\u8651\u504f\u591a\uff08\u770b\u6da8\uff09\u7684\u80a1\u7968\u7b56\u7565\u3002\u8fd1\u671f\u6570\u636e\u663e\u793a\uff0c\u8d85\u8fc780%\u7684\u6807\u666e500\u516c\u53f8\uff08\u7f8e\u56fd500\u5bb6\u5927\u578b\u4e0a\u5e02\u516c\u53f8\u6307\u6570\uff09\u76c8\u5229\uff08\u6bcf\u80a1\u76c8\u5229\uff0cEPS\uff1a\u516c\u53f8\u76c8\u5229\u9664\u4ee5\u80a1\u7968\u6570\u91cf\uff09\u9ad8\u4e8e\u51762026\u5e74\u7b2c\u4e00\u5b63\u9884\u6d4b\uff0c\u652f\u6301\u8fd9\u6ce2\u4e0a\u6da8\u7684\u53ef\u4fe1\u5ea6\u3002\u8fd9\u610f\u5473\u7740\uff0c\u672a\u6765\u51e0\u5468\u5728\u79d1\u6280\u80a1\u6bd4\u91cd\u8f83\u9ad8\u7684\u6307\u6570\u4e0a\u4e70\u5165\u770b\u6da8\u671f\u6743\uff08Call option\uff1a\u5728\u5230\u671f\u524d\u4ee5\u6307\u5b9a\u4ef7\u683c\u4e70\u5165\u7684\u6743\u5229\uff09\u53ef\u80fd\u662f\u8f83\u5408\u7406\u7684\u505a\u6cd5\u3002<\/p>\n

\u4e2d\u4e1c\u7d27\u5f20\u5c40\u52bf\u6301\u7eed\uff0c\u4ecd\u9700\u63d0\u9632\u7a81\u53d1\u51b2\u51fb\u3002WTI\u539f\u6cb9\uff08\u7f8e\u56fd\u897f\u5fb7\u5dde\u4e2d\u8d28\u539f\u6cb9\u57fa\u51c6\uff09\u7a81\u7834\u6bcf\u687695\u7f8e\u5143\uff0c\u4e3a\u81ea2025\u5e74\u672b\u90a3\u8f6e\u5347\u7ea7\u4ee5\u6765\u7684\u9ad8\u4f4d\u3002\u4e70\u5165\u865a\u503c\u770b\u6da8\u671f\u6743\uff08out-of-the-money call\uff1a\u884c\u6743\u4ef7\u9ad8\u4e8e\u73b0\u4ef7\u3001\u6210\u672c\u8f83\u4f4e\u4f46\u9700\u66f4\u5927\u4e0a\u6da8\u624d\u83b7\u5229\uff09\u914d\u7f6e\u5728\u80fd\u6e90ETF\uff08\u4ea4\u6613\u6240\u4e70\u5356\u57fa\u91d1\uff0c\u4e00\u7bee\u5b50\u8d44\u4ea7\u7684\u57fa\u91d1\uff09\u4e0a\uff0c\u53ef\u4f5c\u4e3a\u5c40\u52bf\u7a81\u7136\u6076\u5316\u65f6\u7684\u5bf9\u51b2\uff08hedge\uff1a\u7528\u53e6\u4e00\u7b14\u4ea4\u6613\u964d\u4f4e\u635f\u5931\uff09\u3002<\/p>\n

Balancing Equity Bond Exposure<\/h3>\n

\u80a1\u503a\u8d1f\u76f8\u5173\u56de\u5f52\uff0c\u88ab\u89c6\u4e3a\u66f4\u5178\u578b\u7684\u201c\u98ce\u9669\u504f\u597d\u201d\uff08risk-on\uff1a\u8d44\u91d1\u66f4\u613f\u610f\u4e70\u80a1\u7968\u7b49\u98ce\u9669\u8d44\u4ea7\uff09\u4fe1\u53f7\u300210\u5e74\u671f\u7f8e\u503a\u6536\u76ca\u7387\u5f98\u5f8a\u57284.8%\u9644\u8fd1\u65f6\uff0c\u8fd9\u79cd\u8d70\u52bf\u610f\u5473\u7740\u4ea4\u6613\u8005\u53ef\u8003\u8651\u201c\u505a\u591a\u80a1\u7968+\u505a\u7a7a\u503a\u5238\u201d\u7684\u7ec4\u5408\uff1a\u505a\u591a\uff08long\uff1a\u62bc\u6ce8\u4ef7\u683c\u4e0a\u6da8\uff09\u80a1\u7968\uff0c\u540c\u65f6\u505a\u7a7a\uff08short\uff1a\u62bc\u6ce8\u4ef7\u683c\u4e0b\u8dcc\uff09\u503a\u5238\u3002\u6267\u884c\u4e0a\u53ef\u901a\u8fc7\u4e70\u5165\u957f\u671f\u503a\u5238\u57fa\u91d1\uff08\u957f\u4e45\u671f\uff1a\u5bf9\u5229\u7387\u53d8\u5316\u66f4\u654f\u611f\uff09\u5982TLT\u7684\u770b\u8dcc\u671f\u6743\uff08Put option\uff1a\u5728\u5230\u671f\u524d\u4ee5\u6307\u5b9a\u4ef7\u683c\u5356\u51fa\u7684\u6743\u5229\uff09\u6765\u5b9e\u73b0\u3002<\/p>\n

\u5f3a\u52b2\u76c8\u5229\u52a8\u80fd\u4e3a\u5e02\u573a\u63d0\u4f9b\u652f\u6491\uff0c\u53ef\u80fd\u538b\u4f4e\u6574\u4f53\u6ce2\u52a8\u3002\u968f\u7740VIX\uff08\u6ce2\u52a8\u7387\u6307\u6570\uff0c\u5e38\u88ab\u79f0\u4e3a\u201c\u6050\u614c\u6307\u6570\u201d\uff09\u56de\u843d\u523015\u4ee5\u4e0b\uff0c\u5728\u5df2\u4ea4\u51fa\u5f3a\u52b2\u4e1a\u7ee9\u7684\u7a33\u5065\u516c\u53f8\u4e0a\uff0c\u5356\u51fa\u73b0\u91d1\u62c5\u4fdd\u770b\u8dcc\u671f\u6743\uff08cash-secured put\uff1a\u5356\u51faput\u5e76\u9884\u7559\u73b0\u91d1\u4ee5\u4fbf\u53ef\u80fd\u88ab\u8feb\u4e70\u5165\u80a1\u7968\uff09\u6216\u5356\u51fa\u770b\u8dcc\u4ef7\u5dee\uff08put credit spread\uff1a\u5356\u51fa\u8f83\u9ad8\u884c\u6743\u4ef7put\u5e76\u4e70\u5165\u8f83\u4f4e\u884c\u6743\u4ef7put\uff0c\u4ee5\u6536\u53d6\u6743\u5229\u91d1\u5e76\u9650\u5236\u98ce\u9669\uff09\u53ef\u80fd\u662f\u53ef\u884c\u7b56\u7565\u3002\u8fd9\u7c7b\u505a\u6cd5\u53ef\u6536\u53d6\u6743\u5229\u91d1\uff08premium\uff1a\u671f\u6743\u4ef7\u683c\/\u6536\u5165\uff09\uff0c\u540c\u65f6\u62bc\u6ce8\u76c8\u5229\u73af\u5883\u4e0d\u81f4\u5f15\u53d1\u5927\u5e45\u56de\u8c03\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u8d22\u62a5\u5f3a\u52b2\u63a8\u5347\u79d1\u6280\u6210\u957f\u80a1\uff0c\u80a1\u503a\u8d1f\u76f8\u5173\u56de\u5f52\u3002\u4e2d\u4e1c\u7d27\u5f20\u4e0e\u6cb9\u4ef7\u51b2\u9ad8\u6dfb\u53d8\u6570\uff1a\u504f\u591a\u80a1\u7968\u3001\u5bf9\u51b2\u80fd\u6e90\uff1b10\u5e74\u671f\u6536\u76ca\u73874.8%\u4e0b\u53ef\u914d\u957f\u80a1\u77ed\u503a\u7b56\u7565\u3002<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[129],"tags":[],"class_list":["post-46188","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/46188","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/comments?post=46188"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/46188\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/media?parent=46188"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/categories?post=46188"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/tags?post=46188"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}