{"id":46563,"date":"2026-05-07T18:30:13","date_gmt":"2026-05-07T18:30:13","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/%e6%83%a0%e8%80%8c%e6%b5%a6%e8%82%a1%e4%bb%b7%e6%9a%b4%e8%b7%8c20%ef%bc%8c%e5%9b%a0%e4%b8%9a%e7%bb%a9%e4%b8%8d%e5%8f%8a%e9%a2%84%e6%9c%9f%e3%80%81%e4%b8%8b%e8%b0%83%e4%b8%9a%e7%bb%a9%e6%8c%87%e5%bc%95\/"},"modified":"2026-05-07T18:30:13","modified_gmt":"2026-05-07T18:30:13","slug":"%e6%83%a0%e8%80%8c%e6%b5%a6%e8%82%a1%e4%bb%b7%e6%9a%b4%e8%b7%8c20%ef%bc%8c%e5%9b%a0%e4%b8%9a%e7%bb%a9%e4%b8%8d%e5%8f%8a%e9%a2%84%e6%9c%9f%e3%80%81%e4%b8%8b%e8%b0%83%e4%b8%9a%e7%bb%a9%e6%8c%87%e5%bc%95","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/live-updates\/%e6%83%a0%e8%80%8c%e6%b5%a6%e8%82%a1%e4%bb%b7%e6%9a%b4%e8%b7%8c20%ef%bc%8c%e5%9b%a0%e4%b8%9a%e7%bb%a9%e4%b8%8d%e5%8f%8a%e9%a2%84%e6%9c%9f%e3%80%81%e4%b8%8b%e8%b0%83%e4%b8%9a%e7%bb%a9%e6%8c%87%e5%bc%95\/","title":{"rendered":"\u60e0\u800c\u6d66\u80a1\u4ef7\u66b4\u8dcc20%\uff0c\u56e0\u4e1a\u7ee9\u4e0d\u53ca\u9884\u671f\u3001\u4e0b\u8c03\u4e1a\u7ee9\u6307\u5f15\u5e76\u6682\u505c\u6d3e\u606f\uff0c\u4f4f\u623f\u75b2\u5f31\u4e0e\u6210\u672c\u538b\u529b\u52a0\u5267"},"content":{"rendered":"<p>\u60e0\u800c\u6d66\uff08Whirlpool Corporation\uff0cWHR\uff09\u80a1\u4ef7\u5728\u5468\u56db\uff082026\u5e745\u67087\u65e5\uff09\u65e9\u76d8\u4e00\u5ea6\u66b4\u8dcc20%\uff0c\u539f\u56e0\u662f\u516c\u53f8\u516c\u5e03\u7684\u4e1a\u7ee9\u4f4e\u4e8e\u5206\u6790\u5e08\u9884\u671f\u3002\u5206\u6790\u5e08\u539f\u672c\u9884\u8ba1\u6bcf\u80a1\u76c8\u5229\uff08EPS\uff0c\u5373\u516c\u53f8\u628a\u5229\u6da6\u6309\u80a1\u4efd\u5e73\u5747\u540e\u7684\u6307\u6807\uff09\u4e3a0.38\u7f8e\u5143\uff0c\u4f46\u60e0\u800c\u6d66\u5374\u5f55\u5f97\u6bcf\u80a1\u4e8f\u635f0.56\u7f8e\u5143\uff1b\u8425\u6536\uff08\u6536\u5165\uff09\u4e3a32.7\u4ebf\u7f8e\u5143\uff0c\u4f4e\u4e8e\u9884\u4f30\u768434.4\u4ebf\u7f8e\u5143\u3002<\/p>\n<p>\u516c\u53f8\u4e0b\u8c03\u4e86\u672a\u6765\u5c55\u671b\uff08forward guidance\uff0c\u5373\u7ba1\u7406\u5c42\u5bf9\u672a\u6765\u4e1a\u7ee9\u7684\u9884\u6d4b\u4e0e\u6307\u5f15\uff09\uff0c\u5e76\u70b9\u51fa\u4e09\u5927\u538b\u529b\uff1a\u4e00\u662f\u4e0e\u4f0a\u6717\u2014\u7f8e\u56fd\u51b2\u7a81\u76f8\u5173\u7684\u5730\u7f18\u653f\u6cbb\u7d27\u5f20\u5c40\u52bf\uff1b\u4e8c\u662f\u623f\u5e02\u75b2\u5f31\uff0c\u9650\u5236\u5bb6\u7535\u9700\u6c42\uff1b\u4e09\u662f\u901a\u80c0\u63a8\u9ad8\u6210\u672c\uff0c\u5bfc\u81f4\u516c\u53f8\u5927\u5e45\u6da8\u4ef7\u3002<\/p>\n<p>\u60e0\u800c\u6d66\u4e5f\u6682\u505c\u6d3e\u606f\uff08dividend\uff0c\u5373\u628a\u73b0\u91d1\u5229\u6da6\u5206\u914d\u7ed9\u80a1\u4e1c\u7684\u5b9a\u671f\u80a1\u606f\uff09\u3002\u4ece\u4ea4\u6613\u5c42\u9762\u770b\uff0c\u65e5\u5185\u652f\u6491\u4f4d\uff08support\uff0c\u5373\u80a1\u4ef7\u4e0b\u8dcc\u65f6\u53ef\u80fd\u51fa\u73b0\u4e70\u76d8\u627f\u63a5\u7684\u4ef7\u4f4d\uff09\u572840\u7f8e\u5143\u9644\u8fd1\uff1b\u53e6\u4e00\u4e2a\u533a\u57df\u572820\u81f321\u7f8e\u5143\uff0c\u5bf9\u5e942009\u5e74\u91d1\u878d\u5371\u673a\u65f6\u5f62\u6210\u7684\u201c\u53cc\u5e95\u201d\uff08double-bottom\uff0c\u5373\u4ef7\u683c\u4e24\u6b21\u89e6\u53ca\u76f8\u8fd1\u4f4e\u70b9\u7684\u5f62\u6001\uff09\u4f4e\u4f4d\u3002<\/p>\n<p>\u76ee\u524d\u60e0\u800c\u6d66\u80a1\u4ef7\u5355\u65e5\u66b4\u8dcc20%\uff0c\u5bf9\u770b\u8dcc\u7684\u884d\u751f\u54c1\uff08derivative\uff0c\u5373\u4ef7\u503c\u6765\u81ea\u80a1\u7968\u7b49\u6807\u7684\u8d44\u4ea7\u7684\u91d1\u878d\u5de5\u5177\uff09\u64cd\u4f5c\u800c\u8a00\uff0c\u662f\u660e\u663e\u7684\u673a\u4f1a\u3002\u6211\u4eec\u8ba4\u4e3a\uff0c\u4e70\u5165\u770b\u8dcc\u671f\u6743\uff08put option\uff0c\u5373\u5728\u5230\u671f\u524d\u4ee5\u7ea6\u5b9a\u4ef7\u683c\u5356\u51fa\u80a1\u7968\u7684\u6743\u5229\uff0c\u7528\u4e8e\u62bc\u6ce8\u80a1\u4ef7\u4e0b\u8dcc\u6216\u5bf9\u51b2\uff09\u662f\u6700\u76f4\u63a5\u7684\u5e03\u5c40\u65b9\u5f0f\u3002\u9009\u62e92026\u5e746\u6708\u4e0e7\u6708\u5230\u671f\u7684\u5408\u7ea6\uff0c\u8f83\u80fd\u8ddf\u8fdb\u8fd9\u4efd\u201c\u91cd\u632b\u5f0f\u201d\u8d22\u62a5\u5e26\u6765\u7684\u4e0b\u8dcc\u52a8\u80fd\u3002<\/p>\n<p>\u6d88\u606f\u5f15\u53d1\u9690\u542b\u6ce2\u52a8\u7387\uff08implied volatility\uff0c\u5373\u671f\u6743\u4ef7\u683c\u53cd\u6620\u5e02\u573a\u5bf9\u672a\u6765\u6ce2\u52a8\u7684\u9884\u671f\uff09\u98d9\u5347\u65f6\uff0c\u671f\u6743\u6743\u5229\u91d1\uff08premium\uff0c\u5373\u4e70\u671f\u6743\u8981\u4ed8\u7684\u4ef7\u683c\u3001\u5356\u671f\u6743\u6536\u53d6\u7684\u8d39\u7528\uff09\u4e5f\u4f1a\u53d8\u9ad8\uff0c\u53ef\u628a\u201c\u9ad8\u4ef7\u201d\u8f6c\u6362\u6210\u7b56\u7565\u4f18\u52bf\u3002\u6b64\u65f6\u5356\u51fa\u865a\u503c\uff08out-of-the-money\uff0c\u5373\u4ee5\u5f53\u524d\u80a1\u4ef7\u6765\u770b\uff0c\u77ed\u671f\u5185\u4e0d\u5bb9\u6613\u884c\u6743\u7684\u4ef7\u5916\uff09\u770b\u6da8\u671f\u6743\u4fe1\u7528\u4ef7\u5dee\uff08call credit spread\uff1a\u540c\u65f6\u5356\u51fa\u8f83\u4f4e\u884c\u6743\u4ef7\u7684\u770b\u6da8\u671f\u6743\u5e76\u4e70\u5165\u8f83\u9ad8\u884c\u6743\u4ef7\u7684\u770b\u6da8\u671f\u6743\uff0c\u4ee5\u6536\u53d6\u51c0\u6743\u5229\u91d1\uff0c\u62bc\u6ce8\u80a1\u4ef7\u4e0d\u5927\u6da8\u3001\u6a2a\u76d8\u6216\u4e0b\u8dcc\uff09\u662f\u8f83\u6709\u5438\u5f15\u529b\u7684\u505a\u6cd5\u3002\u8be5\u7b56\u7565\u5728\u80a1\u4ef7\u7ef4\u6301\u4e0d\u52a8\u6216\u7ee7\u7eed\u4e0b\u8dcc\u65f6\u66f4\u5bb9\u6613\u83b7\u5229\uff0c\u800c\u5728\u5c55\u671b\u88ab\u4e0b\u8c03\u3001\u80a1\u606f\u53c8\u6682\u505c\u7684\u80cc\u666f\u4e0b\uff0c\u8fd9\u79cd\u60c5\u666f\u51fa\u73b0\u7684\u6982\u7387\u4e0d\u4f4e\u3002<\/p>\n<p>\u8fd9\u4e0d\u53ea\u662f\u5355\u4e00\u516c\u53f8\u7684\u95ee\u9898\uff0c\u4e5f\u8fdb\u4e00\u6b65\u786e\u8ba4\u6211\u4eec\u4e00\u76f4\u5173\u6ce8\u7684\u5b8f\u89c2\uff08macro\uff0c\u5373\u6574\u4f53\u7ecf\u6d4e\u5c42\u9762\uff09\u75b2\u5f31\u3002\u4e0a\u5468\u6700\u65b0\u623f\u5e02\u62a5\u544a\u663e\u793a\uff0c2026\u5e744\u6708\u4e8c\u624b\u623f\u9500\u91cf\uff08existing home sales\uff0c\u5373\u5df2\u5efa\u6210\u4f4f\u5b85\u7684\u6210\u4ea4\u91cf\uff09\u8fde\u7eed\u7b2c\u4e09\u4e2a\u6708\u4e0b\u6ed1\uff0c\u56e0\u4e3a30\u5e74\u671f\u623f\u8d37\u5229\u7387\uff08mortgage rates\uff0c\u5373\u8d2d\u5c4b\u8d37\u6b3e\u5229\u7387\uff09\u4e0a\u78347.5%\u3002\u5386\u53f2\u4e0a\u4e5f\u66fe\u51fa\u73b0\u7c7b\u4f3c\u60c5\u51b5\uff1a\u623f\u5e02\u653e\u7f13\u540e\uff0c\u8010\u7528\u54c1\u8ba2\u5355\uff08durable goods orders\uff0c\u5373\u8010\u7528\u6d88\u8d39\u54c1\u4e0e\u8bbe\u5907\u7684\u65b0\u589e\u8ba2\u5355\uff0c\u53cd\u6620\u5236\u9020\u4e1a\u4e0e\u6d88\u8d39\u5927\u989d\u652f\u51fa\uff09\u57282022\u5e74\u4e0b\u884c\u5468\u671f\u4e2d\u968f\u4e4b\u8d70\u5f31\u3002<\/p>\n<p>\u6587\u4e2d\u63d0\u5230\u7684\u5730\u7f18\u653f\u6cbb\u4e0e\u901a\u80c0\u9006\u98ce\uff08headwinds\uff0c\u5373\u5bf9\u7ecf\u6d4e\u6216\u4f01\u4e1a\u4e0d\u5229\u7684\u538b\u529b\uff09\u786e\u5b9e\u5b58\u5728\u3002\u5bc6\u6b47\u6839\u5927\u5b66\u6d88\u8d39\u8005\u4fe1\u5fc3\u6307\u6570\uff08University of Michigan survey\uff0c\u5373\u8861\u91cf\u6d88\u8d39\u8005\u5bf9\u7ecf\u6d4e\u4e0e\u652f\u51fa\u7684\u4fe1\u5fc3\uff09\u5728\u6700\u65b0\u8c03\u67e5\u4e2d\u8dcc\u81f312\u4e2a\u6708\u4f4e\u70b9\uff0c\u53cd\u6620\u7f8e\u4f0a\u51b2\u7a81\u5bf9\u6cb9\u4ef7\u4e0e\u6c7d\u6cb9\u4ef7\u683c\u7684\u51b2\u51fb\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u6700\u65b0\u6838\u5fc3PCE\uff08Core PCE\uff0c\u5373\u5254\u9664\u98df\u54c1\u4e0e\u80fd\u6e90\u540e\u7684\u4e2a\u4eba\u6d88\u8d39\u652f\u51fa\u7269\u4ef7\u6307\u6570\uff0c\u662f\u7f8e\u8054\u50a8\u5e38\u7528\u7684\u901a\u80c0\u6307\u6807\uff09\u9ad8\u4e8e\u9884\u671f\uff0c\u62a53.9%\uff0c\u663e\u793a\u7f8e\u8054\u50a8\uff08Federal Reserve\uff0c\u7f8e\u56fd\u4e2d\u592e\u94f6\u884c\uff09\u5bf9\u6297\u901a\u80c0\u7684\u8fc7\u7a0b\u4ecd\u672a\u7ed3\u675f\u3002<\/p>\n<p>\u4ece\u6280\u672f\u9762\uff08technical standpoint\uff0c\u5373\u4ee5\u4ef7\u683c\u3001\u6210\u4ea4\u91cf\u7b49\u56fe\u8868\u4fe1\u53f7\u5206\u6790\uff09\u6765\u770b\uff0c20\u81f321\u7f8e\u5143\u533a\u95f4\u7684\u957f\u671f\u76ee\u6807\u5177\u5438\u5f15\u529b\uff0c\u56e0\u4e3a\u5b83\u662f2009\u5e74\u91d1\u878d\u5371\u673a\u7684\u5173\u952e\u652f\u6491\u4f4d\u3002\u82e5\u8981\u62bc\u6ce8\u672a\u6765\u53ef\u80fd\u51fa\u73b0\u7684\u201c\u6700\u7ec8\u7b51\u5e95\u201d\uff0c\u53ef\u8003\u8651\u4e70\u5165\u66f4\u957f\u671f\u9650\u7684\u770b\u8dcc\u671f\u6743\uff0c\u4f8b\u59822027\u5e74\u521d\u5230\u671f\u7684\u5408\u7ea6\uff0c\u4ee5\u4fbf\u8ba9\u5e02\u573a\u6709\u66f4\u957f\u65f6\u95f4\u628a\u7ecf\u6d4e\u653e\u7f13\u7684\u5f71\u54cd\u53cd\u6620\u5728\u80a1\u4ef7\u4e2d\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u60e0\u800c\u6d66\u8d22\u62a5\u7206\u96f7\uff0c\u80a1\u4ef7\u65e9\u76d8\u66b4\u8dcc20%\uff01EPS\u4e8f0.56\u3001\u8425\u6536\u4e0d\u53ca\u9884\u671f\u4e14\u4e0b\u8c03\u6307\u5f15\u3001\u505c\u6d3e\u606f\u3002\u623f\u5e02\u75b2\u5f31+\u901a\u80c0+\u5730\u7f18\u98ce\u9669\u538b\u9876\uff0c\u770b\u8dcc\u671f\u6743\u4e0e\u5356\u51fa\u770b\u6da8\u4fe1\u7528\u4ef7\u5dee\u6210\u70ed\u70b9\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-46563","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\/46563","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=46563"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/46563\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/media?parent=46563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/categories?post=46563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/tags?post=46563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}