{"id":17920,"date":"2022-03-18T00:09:03","date_gmt":"2022-03-17T16:09:03","guid":{"rendered":"https:\/\/\/?p=17920"},"modified":"2024-03-14T11:47:58","modified_gmt":"2024-03-14T03:47:58","slug":"what-quadruple-witching-day","status":"publish","type":"post","link":"https:\/\/\/what-quadruple-witching-day\/","title":{"rendered":"\u56db\u5deb\u65e5\u662f\u4ec0\u9ebc\uff1f\u56db\u5deb\u65e5\u5c0d\u53f0\u80a1\u3001\u7f8e\u80a1\u6709\u5f71\u97ff\uff1f(\u96442024\u56db\u5deb\u65e5\u671f)"},"content":{"rendered":"<!-- \/367108978\/Rich01_PC_up_728x90 -->\n\t<div class='div-gpt-ad-css' id='div-gpt-ad-1564472272479-0' style='width: 728px; height: 90px;'>\n\t  <script>\n\t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1564472272479-0'); });\n\t  <\/script>\n\t<\/div>\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"2090\" height=\"1094\" src=/index.html"https:\/\/\/wp-content\/uploads\/20220512112126_65.jpg\" alt=\"\u56db\u5deb\u65e5\" class=\"wp-image-36254\" srcset=\"https:\/\/\/wp-content\/uploads\/20220512112126_65.jpg 2090w, https:\/\/\/wp-content\/uploads\/20220512112126_65-1536x804.jpg 1536w, https:\/\/\/wp-content\/uploads\/20220512112126_65-2048x1072.jpg 2048w\" sizes=\"(max-width: 2090px) 100vw, 2090px\" \/><\/figure>\n\n\n\n<p>\u56db\u5deb\u65e5\u5c31\u662f4\u7a2e\u884d\u751f\u6027\u91d1\u878d\u5546\u54c1\uff1a\u80a1\u7968<a href=/index.html"https:\/\/\/index-futures-introduction\/\" target=\"_blank\" rel=\"noreferrer noopener\" data-wpel-link=\"internal\">\u6307\u6578\u671f\u8ca8<\/a>\u3001\u80a1\u7968\u6307\u6578\u9078\u64c7\u6b0a\u3001\u500b\u80a1\u671f\u8ca8\u3001\u500b\u80a1\u9078\u64c7\u6b0a\u7684\u5230\u671f\u7d50\u7b97\u65e5\uff0c\u4e5f\u5c31\u662f\u7f8e\u80a1\u5e02\u5834\u76843\u6708\u30016\u6708\u30019\u6708\u300112\u6708\u7684\u7b2c\u4e09\u500b\u661f\u671f\u4e94\uff0c\u9019\u4e9b\u65e5\u5b50\u5f80\u5f80\u4ea4\u6613\u91cf\u6703\u8b8a\u5927\uff0c\u53ef\u80fd\u6703\u9020\u6210\u5e02\u5834\u8f03\u5927\u7684\u6ce2\u52d5\u3002<\/p>\n\n\n\n<p>\u9019\u7bc7\u6587\u7ae0\u5e02\u5834\u5148\u751f\u4ecb\u7d39\u56db\u5deb\u65e5(Quadruple Witching Day)\uff0c\u5305\u542b\u5b83\u7684\u5b9a\u7fa9\u4ee5\u53ca\u5c0d\u6295\u8cc7\u8207\u884c\u60c5\u7684\u5f71\u97ff\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_64 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<p class=\"ez-toc-title\">\u672c\u6587\u5e02\u5834\u5148\u751f\u6703\u544a\u8a34\u4f60\uff1a<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-66120b27c4480\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-66120b27c4480\"  aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=/index.html"https:\/\/\/what-quadruple-witching-day\/#2024%E5%B9%B4%E7%9A%84%E5%9B%9B%E5%B7%AB%E6%97%A5%E6%9C%9F\" title=\"2024\u5e74\u7684\u56db\u5deb\u65e5\u671f\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">2024\u5e74\u7684\u56db\u5deb\u65e5\u671f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=/index.html"https:\/\/\/what-quadruple-witching-day\/#%E5%9B%9B%E5%B7%AB%E6%97%A5_%E6%98%AF%E4%BB%80%E9%BA%BC%EF%BC%9F\" title=\"\u56db\u5deb\u65e5 \u662f\u4ec0\u9ebc\uff1f\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u56db\u5deb\u65e5 \u662f\u4ec0\u9ebc\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=/index.html"https:\/\/\/what-quadruple-witching-day\/#%E5%9B%9B%E5%B7%AB%E6%97%A5%E7%89%B9%E6%80%A7%E6%98%AF%E4%BB%80%E9%BA%BC%EF%BC%9F\" title=\"\u56db\u5deb\u65e5\u7279\u6027\u662f\u4ec0\u9ebc\uff1f\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u56db\u5deb\u65e5\u7279\u6027\u662f\u4ec0\u9ebc\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=/index.html"https:\/\/\/what-quadruple-witching-day\/#%E5%9B%9B%E5%B7%AB%E6%97%A5%E6%99%82%E7%9A%84%E7%BE%8E%E8%82%A1%E8%AE%8A%E5%8C%96\" title=\"\u56db\u5deb\u65e5\u6642\u7684\u7f8e\u80a1\u8b8a\u5316\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u56db\u5deb\u65e5\u6642\u7684\u7f8e\u80a1\u8b8a\u5316<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=/index.html"https:\/\/\/what-quadruple-witching-day\/#%E6%AD%B7%E5%8F%B2%E4%B8%8A%E7%9A%84%E5%9B%9B%E5%B7%AB%E6%97%A5%E5%89%8D%E5%BE%8C%EF%BC%8C%E5%A0%B1%E9%85%AC%E7%B5%B1%E8%A8%88%E6%95%B8%E6%93%9A\" title=\"\u6b77\u53f2\u4e0a\u7684\u56db\u5deb\u65e5\u524d\u5f8c\uff0c\u5831\u916c\u7d71\u8a08\u6578\u64da\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u6b77\u53f2\u4e0a\u7684\u56db\u5deb\u65e5\u524d\u5f8c\uff0c\u5831\u916c\u7d71\u8a08\u6578\u64da<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=/index.html"https:\/\/\/what-quadruple-witching-day\/#%E5%9B%9B%E5%B7%AB%E6%97%A5_%E5%B0%8D%E5%8F%B0%E8%82%A1%E6%9C%89%E4%BB%80%E9%BA%BC%E5%BD%B1%E9%9F%BF%EF%BC%9F\" title=\"\u56db\u5deb\u65e5 \u5c0d\u53f0\u80a1\u6709\u4ec0\u9ebc\u5f71\u97ff\uff1f\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u56db\u5deb\u65e5 \u5c0d\u53f0\u80a1\u6709\u4ec0\u9ebc\u5f71\u97ff\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=/index.html"https:\/\/\/what-quadruple-witching-day\/#%E5%9B%9B%E5%B7%AB%E6%97%A5%E8%A6%81%E6%B3%A8%E6%84%8F%E4%BB%80%E9%BA%BC%EF%BC%9F\" title=\"\u56db\u5deb\u65e5\u8981\u6ce8\u610f\u4ec0\u9ebc\uff1f\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u56db\u5deb\u65e5\u8981\u6ce8\u610f\u4ec0\u9ebc\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=/index.html"https:\/\/\/what-quadruple-witching-day\/#%E5%BF%AB%E9%80%9F%E9%87%8D%E9%BB%9E%E6%95%B4%E7%90%86%EF%BC%9A%E5%9B%9B%E5%B7%AB%E6%97%A5%E6%98%AF%E4%BB%80%E9%BA%BC%EF%BC%9F\" title=\"\u5feb\u901f\u91cd\u9ede\u6574\u7406\uff1a\u56db\u5deb\u65e5\u662f\u4ec0\u9ebc\uff1f\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u5feb\u901f\u91cd\u9ede\u6574\u7406\uff1a\u56db\u5deb\u65e5\u662f\u4ec0\u9ebc\uff1f<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2024%E5%B9%B4%E7%9A%84%E5%9B%9B%E5%B7%AB%E6%97%A5%E6%9C%9F\"><\/span>2024\u5e74\u7684\u56db\u5deb\u65e5\u671f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u4ee5\u4e0b\u662f\u7f8e\u570b\u5e02\u58342024\u5e74\u7684\u56db\u5deb\u65e5\u671f\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th class=\"has-text-align-center\" data-align=\"center\">2024\u5e74<strong>\u56db\u5deb\u65e5&nbsp;<\/strong><\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">2024\/3\/15<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2024\/6\/21<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2024\/9\/20<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2024\/12\/20<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">\u8cc7\u6599\u6574\u7406\uff1a<a href=/index.html"https:\/\/\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Mr.Market\u5e02\u5834\u5148\u751f<\/a><\/figcaption><\/figure>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>\u56db\u5deb\u65e5\u7576\u5929\u7684\u6700\u5f8c\u4e00\u5c0f\u6642\u4ea4\u6613\u6642\u6bb5\uff0c\u4e5f\u88ab\u7a31\u70ba\u56db\u5deb\u5c0f\u6642(Quadruple witching hour)\uff0c\u662f\u7f8e\u6771\u6642\u9593\u4e0b\u53483\u9ede\u81f34\u9ede\uff0c\u53f0\u7063\u6642\u9593\u7d04\u51cc\u66683\u9ede\u52304\u9ede\u5de6\u53f3\u3002\uff08\u6839\u64da<a href=/index.html"https:\/\/\/blog-post_27-4\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u65e5\u5149\u7bc0\u7d04\u6642\u9593<\/a>\u800c\u5b9a\uff0c\u51ac\u4ee4\u548c\u590f\u4ee4\u6703\u5dee1\u5c0f\u6642\uff09<\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%9B%9B%E5%B7%AB%E6%97%A5_%E6%98%AF%E4%BB%80%E9%BA%BC%EF%BC%9F\"><\/span>\u56db\u5deb\u65e5 \u662f\u4ec0\u9ebc\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p><strong>\u7f8e\u80a1\u5e02\u5834\u7684\u56db\u5deb\u65e5\uff1a3\u6708\u30016\u6708\u30019\u6708\u300112\u6708\u7684\u7b2c\u4e09\u500b\u661f\u671f\u4e94\u3002<\/strong><\/p>\n<\/blockquote>\n\n\n\n<p>\u56db\u5deb\u65e5 (\u82f1\u6587: Quadruple Witching Day)\u662f\u63074\u7a2e\u884d\u751f\u6027\u91d1\u878d\u5546\u54c1\uff08\u80a1\u7968\u6307\u6578\u671f\u8ca8\u3001\u80a1\u7968\u6307\u6578\u9078\u64c7\u6b0a\u3001\u500b\u80a1\u671f\u8ca8\u3001\u500b\u80a1\u9078\u64c7\u6b0a\uff09\u540c\u6642\u7684\u5230\u671f\u7d50\u7b97\u65e5\u3002<\/p>\n\n\n\n<p>\u5230\u671f\u7d50\u7b97\u65e5\u5c31\u662f\u5951\u7d04\u5230\u671f\u65e5(\u5c65\u7d04\u65e5)\uff0c\u5728\u5546\u54c1\u5230\u671f\u6642\uff0c\u5e02\u5834\u901a\u5e38\u56e0\u70ba\u63db\u6708\u8f49\u5009\u7b49\u56e0\u7d20\uff0c\u5c0e\u81f4<a href=/index.html"https:\/\/\/what-is-derivative-0\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u884d\u751f\u6027\u91d1\u878d\u5546\u54c1<\/a>\u4ea4\u6613\u91cf\u653e\u5927\uff0c\u56e0\u6b64\u53ef\u80fd\u6703\u6709\u8f03\u5927\u7684\u6ce2\u52d5\u3002<\/p>\n\n\n\n<p>\u90a3\u70ba\u4ec0\u9ebc\u7a31\u70ba\u300c\u5deb\u300d\u5462\uff1f<\/p>\n\n\n\n<p>\u5deb\u901a\u5e38\u7d66\u4eba\u6709\u4e00\u7a2e\u6050\u61fc\u5bb3\u6015\u7684\u610f\u601d\uff0c\u5728\u82f1\u6587\u4e2dWitching\u6709\u65bd\u653e\u5deb\u8853\uff0c\u6216\u8005\u5f88\u6709\u9b54\u529b\u7684\u610f\u601d\uff0c\u539f\u56e0\u662f\u9019\u4e9b\u884d\u751f\u6027\u91d1\u878d\u5546\u54c1\u5230\u671f\u65e5\u7d50\u7b97\u6642\uff0c\u5f80\u5f80\u6703\u9020\u6210\u5e02\u5834\u5de8\u5927\u7684\u6ce2\u52d5\uff0c\u56e0\u6b64\u88ab\u7a31\u70ba\u56db\u5deb\u65e5\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u56db\u5deb\u65e5\u7684 4\u7a2e\u884d\u751f\u6027\u91d1\u878d\u5546\u54c1\u7684\u5230\u671f\u7d50\u7b97\u65e5<\/h3>\n\n\n\n<ul>\n<li>\u80a1\u7968<a href=/index.html"https:\/\/\/index-futures-introduction\/\" target=\"_blank\" rel=\"noreferrer noopener\" data-wpel-link=\"internal\">\u6307\u6578\u671f\u8ca8<\/a>\uff1a\u6bcf\u500b\u6708\u7684\u7b2c\u4e09\u500b\u661f\u671f\u4e94\u7d50\u7b97<\/li>\n\n\n\n<li>\u80a1\u7968\u6307\u6578<a href=/index.html"https:\/\/\/what-is-options\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u9078\u64c7\u6b0a<\/a>\uff1a\u6bcf\u500b\u6708\u7684\u7b2c\u4e09\u500b\u661f\u671f\u4e94\u7d50\u7b97<\/li>\n\n\n\n<li>\u500b\u80a1\u671f\u8ca8\uff1a\u901a\u5e38\u70ba3\u6708\u30016\u6708\u30019\u6708\u300112\u6708\uff0c\u5230\u671f\u6708\u7b2c\u4e09\u500b\u661f\u671f\u4e94\u7d50\u7b97<\/li>\n\n\n\n<li>\u500b\u80a1\u9078\u64c7\u6b0a\uff1a\u901a\u5e38\u70ba3\u6708\u30016\u6708\u30019\u6708\u300112\u6708\uff0c\u5230\u671f\u6708\u7b2c\u4e09\u500b\u661f\u671f\u4e94\u7d50\u7b97<\/li>\n<\/ul>\n\n\n\n<p><strong><mark style=\"background-color:#fff1cc\" class=\"has-inline-color\">\u9019\u56db\u985e\u8cc7\u7522\u540c\u6642\u5230\u671f\u7d50\u7b97\u7684\u65e5\u671f\uff0c\u5c31\u662f3\u6708\u30016\u6708\u30019\u6708\u300112\u6708\u7684\u7b2c\u4e09\u500b\u661f\u671f\u4e94\uff0c\u4e5f\u5c31\u662f\u56db\u5deb\u65e5\u3002<\/mark><\/strong><\/p>\n\n\n\n<p>\uff08\u88dc\u5145\uff1a\u53f0\u80a1\u5e02\u5834\u7684\u5230\u671f\u7d50\u7b97\u65e5\uff0c\u901a\u5e38\u662f\u7576\u6708\u5230\u671f\u7684\u884d\u751f\u6027\u91d1\u878d\u5546\u54c1\uff0c\u6703\u5728\u6bcf\u6708\u7b2c\u4e09\u500b\u661f\u671f\u4e09\u7d50\u7b97\uff09<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p><strong>\u5e02\u5834\u5148\u751f\u88dc\u5145\uff1a\u4e09\u5deb\u65e5\u662f\u4ec0\u9ebc\uff1f<\/strong><\/p>\n\n\n\n<p>\u4e09\u5deb\u65e5(\u82f1\u6587\uff1aTriple Witching Day)\u662f\u6307\u4e09\u7a2e\u884d\u751f\u6027\u91d1\u878d\u5546\u54c1\u7684\u5230\u671f\u7d50\u7b97\u65e5(\u80a1\u7968\u6307\u6578\u671f\u8ca8\u3001\u80a1\u7968\u6307\u6578\u9078\u64c7\u6b0a\u3001\u500b\u80a1\u9078\u64c7\u6b0a)\u3002<\/p>\n\n\n\n<p>\u7f8e\u570b\u5e02\u5834\u662f\u5f9e2002\u5e7411\u67088\u65e5\u624d\u4ea4\u6613\u500b\u80a1\u671f\u8ca8\uff0c\u5728\u4e4b\u524d\u90fd\u7a31\u70ba\u4e09\u5deb\u65e5\uff0c\u958b\u59cb\u4ea4\u6613\u500b\u80a1\u671f\u8ca8\u5f8c\uff0c\u56db\u7a2e\u884d\u751f\u6027\u91d1\u878d\u5546\u54c1\u7684\u5230\u671f\u7d50\u7b97\u65e5\u5c31\u88ab\u7a31\u70ba\u56db\u5deb\u65e5\u3002<\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%9B%9B%E5%B7%AB%E6%97%A5%E7%89%B9%E6%80%A7%E6%98%AF%E4%BB%80%E9%BA%BC%EF%BC%9F\"><\/span>\u56db\u5deb\u65e5\u7279\u6027\u662f\u4ec0\u9ebc\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><span style=\"font-size: 16px;\"><a href=/index.html"https:\/\/\/what-is-futures\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u671f\u8ca8<\/a><\/span>\u3001<span style=\"font-size: 16px;\"><a href=/index.html"https:\/\/\/what-is-options\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-wpel-link=\"internal\">\u9078\u64c7\u6b0a<\/a><\/span>\u5408\u7d04\u6709\u5230\u671f\u65e5\uff0c\u4e09\u5deb\u65e5\u3001\u56db\u5deb\u65e5\u5c31\u662f\u6295\u8cc7\u4eba\u8981\u6c7a\u5b9a\u662f\u5426\u5c07\u671f\u8ca8\u5408\u7d04\u5c55\u671f\u63db\u5009\uff0c\u5305\u542b<a href=/index.html"https:\/\/\/what-are-the-situations-of-closing-a-position\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u5e73\u5009<\/a>\u3001\u8cb7\u5165\u3001\u8ce3\u51fa\u7b49\u7b49\uff0c\u9019\u4e9b\u52d5\u4f5c\u53d6\u6c7a\u65bc\u4ed6\u5011\u81ea\u5df1\u7684\u4ea4\u6613\u7b56\u7565\u3002<\/p>\n\n\n\n<p>\u4e09\u5deb\u3001\u56db\u5deb\u65e5\u4ee3\u8868\u6301\u6709\u9019\u4e9b\u5927\u91cf\u5408\u7d04\u7684\u6295\u8cc7\u4eba\u53ef\u80fd\u6703\u5728\u67d0\u4e00\u5929\u4e4b\u524d\u63a1\u53d6\u884c\u52d5\uff0c\u5f71\u97ff\u5e02\u5834\u4f7f\u4ea4\u6613\u91cf\u4e0a\u5347\u3002<\/p>\n\n\n\n<p>\u91ce\u6751\u8b49\u5238(Nomura Securities)\u5206\u6790\u5e2bCharlie McElligott\u66fe\u6307\u51fa\uff0c\u901a\u5e38\u5728\u56db\u5deb\u65e5\u7576\u5929\uff0c\u6240\u6709\u8cc7\u7522\u985e\u5225\u7684\u6ce2\u52d5\u6027\u90fd\u6703\u975e\u5e38\u5927\uff0c\u6295\u8cc7\u4eba\u5728\u6700\u5f8c\u4ea4\u6613\u6642\u6bb5\u5167\u90fd\u6025\u65bc\u5e73\u5009\uff0c\u4f7f\u4ea4\u6613\u91cf\u8b8a\u5927\u3001\u5e02\u5834\u6ce2\u52d5\u52a0\u5287\u3002<\/p>\n\n\n\n<p>\u8b8a\u52d5\u6700\u5927\u7684\u53c8\u4ee512\u6708\u7684\u56db\u5deb\u65e5\u6700\u660e\u986f\uff0c\u56e0\u70ba\u6bcf\u5e74\u7684\u6700\u5f8c\u5e7e\u5929\u4ea4\u6613\u65e5\uff0c\u5927\u578b\u57fa\u91d1\u7ba1\u7406\u516c\u53f8\u6703\u9032\u884c\u5404\u7a2e\u5009\u4f4d\u7684\u8abf\u6574\uff0c\u6703\u52a0\u5927\u5e02\u5834\u6ce2\u52d5\u3002<\/p>\n\n\n\n<p>\u6709\u9019\u6a23\u7684\u8b8a\u52d5\uff0c\u9664\u4e86\u6563\u6236\u6295\u8cc7\u4eba\u4ee5\u5916\uff0c\u4e5f\u5305\u542b\u4e00\u4e9b\u5c08\u696d\u4ea4\u6613\u54e1\u3001\u6a5f\u69cb\u6cd5\u4eba\u3001\u81ea\u52d5\u7a0b\u5f0f\u4ea4\u6613\u7684\u90e8\u4f4d\u6703\u5728\u6700\u5f8c\u9019\u5e7e\u5929\uff0c\u751a\u81f3\u6700\u5f8c\u5e7e\u5c0f\u6642\u9032\u884c\u5408\u7d04\u8abf\u6574\uff0c\u5c0e\u81f4\u77ed\u6642\u9593\u5167\u4ea4\u6613\u91cf\u653e\u5927\u3001\u6ce2\u52d5\u8b8a\u5287\u70c8\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">1. \u6bcf\u5e7412\u6708\u7684\u56db\u5deb\u65e5\u6210\u4ea4\u91cf\u5927<\/h3>\n\n\n\n<p>\u6b77\u53f2\u4e0a12\u6708\u4efd\u7684\u9078\u64c7\u6b0a\u5408\u7d04<a href=/index.html"https:\/\/\/definition-and-explanation-of-open-position\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u958b\u5009<\/a>\u6578\u91cf\u3001\u672a\u5e73\u5009\u5408\u7d04\u7684\u98a8\u96aa\u90fd\u76f8\u5c0d\u6bd4\u5176\u4ed6\u5b63\u5ea6\u8981\u9ad8\u3002<\/p>\n\n\n\n<p>\u6bcf\u5e7412\u6708\u7684\u56db\u5deb\u65e5\u9019\u5929\uff0c\u4ea4\u6613\u91cf\u90fd\u6703\u660e\u986f\u8b8a\u5927\uff0c\u5c24\u5176\u662f\u5728\u958b\u76e4\u521d\u4ee5\u53ca\u6700\u5f8c\u56db\u5deb\u5c0f\u6642\u9019\u5169\u500b\u6642\u6bb5\uff0c\u56e0\u70ba\u4ea4\u6613\u54e1\u8981\u5728\u9078\u64c7\u6b0a\u548c\u671f\u8ca8\u5408\u7d04\u5230\u671f\u524d\u7d50\u6e05\u90e8\u4f4d\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2. \u53ef\u80fd\u6709\u5957\u5229\u6a5f\u6703<\/h3>\n\n\n\n<p>\u6700\u5f8c\u4e00\u5c0f\u6642\u7684\u4ea4\u6613\u4e5f\u53ef\u80fd\u5c0e\u81f4\u50f9\u683c\u6548\u7387\u4f4e\u4e0b\uff0c\u53ef\u80fd\u904e\u5ea6\u8ffd\u6f32\u6bba\u8dcc\uff0c\u5f9e\u800c\u5e36\u4f86\u5957\u5229\u6a5f\u6703\uff0c\u4e4b\u6240\u4ee5\u53ef\u4ee5\u5957\u5229\uff0c\u662f\u56e0\u70ba\u671f\u8ca8\u3001\u9078\u64c7\u6b0a\u90fd\u6709\u5b83\u7406\u8ad6\u4e0a\u5408\u7406\u7684\u50f9\u683c\uff0c\u4f46\u9019\u6642\u50f9\u683c\u6548\u7387\u53ef\u80fd\u6703\u5931\u9748\u3002<\/p>\n\n\n\n<p>\u6b64\u6642\u5e02\u5834\u6703\u5145\u65a5\u4e00\u4e9b\u5c0d\u7126\u616e\u3001\u64d4\u6182\u3001\u6295\u6a5f\u6027\u4ea4\u6613\u7684\u5f37\u70c8\u617e\u671b\uff0c\u56e0\u6b64\u8a31\u591a\u5957\u5229\u8005\u6703\u5728\u9019\u500b\u6642\u6bb5\u5c0b\u627e\u5408\u9069\u7684\u8cb7\u8ce3\u6a5f\u6703\uff0c\u4f46\u5957\u5229\u4ea4\u6613\u6709\u6642\u4e5f\u5f88\u53ef\u80fd\u6703\u8667\u640d\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">3. \u56db\u5deb\u65e5\u5c0d\u9577\u671f\u6295\u8cc7\u8005\u5f71\u97ff\u4e0d\u5927<\/h3>\n\n\n\n<p>\u77ed\u7dda\u4ea4\u6613\u8005\u8981\u7279\u5225\u6ce8\u610f\u7576\u5929\u7684\u5c40\u52e2\uff0c\u4f46\u9577\u671f\u6295\u8cc7\u8005\u5c31\u4e0d\u53d7\u592a\u5927\u7684\u5f71\u97ff\u3002<\/p>\n\n\n\n<p>\u5982\u679c\u4f60\u4e0d\u662f\u6301\u6709\u671f\u8ca8\u3001\u9078\u64c7\u6b0a \u9019\u4e9b\u884d\u751f\u6027\u5546\u54c1\uff0c\u53ef\u80fd\u5b8c\u5168\u6c92\u5f71\u97ff\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">4. \u671f\u8ca8\u3001\u9078\u64c7\u6b0a\u7684\u6301\u6709\u8005\uff0c\u5efa\u8b70\u63d0\u65e9\u63db\u5009\u8abf\u6574\u90e8\u4f4d\uff0c\u6e1b\u5c11\u5f71\u97ff<\/h3>\n\n\n\n<p>\u96d6\u7136\u53f0\u7063\u53ef\u80fd\u6bd4\u8f03\u5c11\u4eba\u5728\u64cd\u4f5c\u7f8e\u80a1\u7684\u671f\u8ca8\u3001\u9078\u64c7\u6b0a\uff0c\u4f46\u9084\u662f\u63d0\u4e00\u4e0b\uff0c\u5982\u679c\u4f60\u8981\u63db\u5009\u8abf\u6574\u90e8\u4f4d\uff0c\u61c9\u8a72\u907f\u514d\u9019\u4e9b\u6d41\u52d5\u6027\u5dee\u3001\u4ea4\u6613\u6210\u672c\u9ad8\u7684\u6642\u6a5f\uff0c\u53ef\u4ee5\u63d0\u65e9\u4e00\u9ede\u6642\u9593\u8abf\u6574(\u4f8b\u5982\u63d0\u524d2~3\u5929)\uff0c\u80fd\u907f\u514d\u5927\u6ce2\u52d5\u7684\u5f71\u97ff\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>\u5e02\u5834\u5148\u751f\u63d0\u9192\uff1a\u5f9e\u9019\u88e1\u6211\u5011\u4e5f\u53ef\u4ee5\u77e5\u9053\uff0c\u6211\u5011\u81ea\u5df1\u7684\u671f\u8ca8\u3001\u9078\u64c7\u6b0a\u90e8\u4f4d\u5982\u679c\u6709\u9700\u8981\u8f49\u5009\uff0c\u907f\u958b\u9019\u4e9b\u6642\u6bb5\u4e5f\u8a31\u53ef\u4ee5\u6e1b\u5c11\u4e00\u4e9b\u6ce2\u52d5\u554f\u984c\u3002<\/p>\n<\/blockquote>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%9B%9B%E5%B7%AB%E6%97%A5%E6%99%82%E7%9A%84%E7%BE%8E%E8%82%A1%E8%AE%8A%E5%8C%96\"><\/span>\u56db\u5deb\u65e5\u6642\u7684\u7f8e\u80a1\u8b8a\u5316<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u4e0b\u5716\u4ee5<a href=/index.html"https:\/\/\/what-is-sp500-index\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">S&amp;P 500<\/a>\u30012018~2020\u5e74\u70ba\u4f8b\uff0c\u7d05\u5708\u662fS&amp;P 500\u5728\u56db\u5deb\u65e5\u767c\u751f\u65e5\u671f\u7684\u4ea4\u6613\u91cf\uff0c\u53ef\u4ee5\u770b\u5230\u5deb\u65e5\u767c\u751f\u7684\u65e5\u671f\u4ea4\u6613\u91cf\u90fd\u6703\u5927\u589e\u3002<\/p>\n\n\n\n<p>\u4f46\u4ea4\u6613\u91cf\u5927\u4e0d\u4ee3\u8868\u80a1\u50f9\u6307\u6578\u8868\u73fe\u8f03\u597d\uff0c\u56e0\u70ba\u4ea4\u6613\u91cf\u5927\uff0c\u53ef\u4ee5\u662f\u6f32\u4e5f\u53ef\u4ee5\u662f\u8dcc\u3002<\/p>\n\n\n\n<p>\u56db\u5deb\u65e5\u662f\u767c\u751f\u5728\u9031\u4e94\uff0c\u6839\u64da\u7d71\u8a08\uff0c\u56db\u5deb\u65e5\u524d\u4e00\u9031\uff0c\u5404\u500b\u6307\u6578\u7684\u4e0a\u6f32\u6a5f\u7387\u6703\u8f03\u9ad8\uff1b\u4f46\u662f\u5728\u56db\u5deb\u65e5\u7d50\u675f\u5f8c\uff0c\u5404\u6307\u6578\u9084\u662f\u6709\u5f88\u9ad8\u7684\u6a5f\u7387\u6703\u4e0b\u8dcc\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"1115\" height=\"650\" src=/index.html"https:\/\/\/wp-content\/uploads\/20201223212901_43.jpg\" alt=\"\u7f8e\u80a1\u56db\u5deb\u65e5\" class=\"wp-image-17922\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%AD%B7%E5%8F%B2%E4%B8%8A%E7%9A%84%E5%9B%9B%E5%B7%AB%E6%97%A5%E5%89%8D%E5%BE%8C%EF%BC%8C%E5%A0%B1%E9%85%AC%E7%B5%B1%E8%A8%88%E6%95%B8%E6%93%9A\"><\/span>\u6b77\u53f2\u4e0a\u7684\u56db\u5deb\u65e5\u524d\u5f8c\uff0c\u5831\u916c\u7d71\u8a08\u6578\u64da<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u4ee5\u4e0b\u662f\u5e02\u5834\u5148\u751f\u53bb\u7d71\u8a08<a href=/index.html"https:\/\/\/what-is-sp500-index\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">S&amp;P500\u6307\u6578<\/a>\u5728\u5404\u5e74\u5ea6\u56db\u5deb\u65e5\u7684\u6578\u64da\u3002<\/p>\n\n\n\n<p>\u5206\u62102002\u5e74\u4ee5\u524d(1988~2002)\uff0c\u4e09\u5deb\u65e5\u6642\u7684\u72c0\u6cc1\uff0c\u4ee5\u53ca2003~2020\u5e74\uff0c\u56db\u5deb\u65e5\u7684\u72c0\u6cc1\u3002<\/p>\n\n\n\n<p>1988\u5e74\u4ee5\u524d\u6211\u624b\u908a\u7684S&amp;P500\u5831\u916c\u8cc7\u6599\u6bd4\u8f03\u4e0d\u7cbe\u78ba\u6211\u5c31\u6c92\u653e\u3002<\/p>\n\n\n\n<p>\u53e6\u5916\u6211\u4e26\u4e0d\u78ba\u5b9a\u4e09\u5deb\u65e5\u6700\u65e9\u958b\u59cb\u8a08\u7b97\u7684\u6642\u6a5f\uff0c\u56e0\u70ba\u65e9\u5e74\u7684\u884d\u751f\u6027\u5546\u54c1\u6d41\u52d5\u6027\u3001\u8cbb\u7528\u7b49\u7b49\u689d\u4ef6\uff0c\u548c\u8fd1\u5e74\u90fd\u5dee\u7570\u5f88\u5927\uff0c\u6240\u4ee52002\u5e74\u4ee5\u524d\u7684\u6578\u64da\u6211\u89ba\u5f97\u5c31\u6b0a\u7576\u53c3\u8003\u5c31\u597d\uff0c\u61c9\u8a72\u4ee52003\u5e74\u4ee5\u5f8c\u7684\u8cc7\u6599\u70ba\u6e96\u3002<\/p>\n\n\n\n<p>\u4ee5\u4e0b\u5206\u5225\u7d71\u8a08\u56db\u5deb\u65e5\u7576\u5929\u7b97\u8d77\uff0c\u5f80\u524d5\u500b\u4ea4\u6613\u65e5\u3001\u5f80\u5f8c5\u500b\u4ea4\u6613\u65e5\uff0c\u5206\u5225\u7684\u5831\u916c\u7387\u4ee5\u53ca\u6a5f\u7387\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u4e09\u5deb\u65e5\u8cc7\u6599(1988~2002)<\/h3>\n\n\n\n<p>\u5f9e\u7d71\u8a08\u6578\u64da\u770b\u8d77\u4f86\uff0c\u4e09\u5deb\u65e5\u524d\u5f8c\u662f\u6f32\u8dcc\u90fd\u6709\u53ef\u80fd\uff0c\u96d6\u7136\u524d5\u5929\u4e0a\u6f32\u6bd4\u7387\u7565\u9ad8\u3001\u5f8c5\u5929\u4e0b\u8dcc\u6bd4\u7387\u7565\u9ad8\uff0c\u4f46\u4e26\u4e0d\u7b97\u986f\u8457\u7684\u5dee\u7570\uff0c\u4e5f\u8aaa\u4e0d\u4e0a\u6709\u5229\u53ef\u5716\u3002<\/p>\n\n\n\n<p>\u4ee5\u4e0b\u662f1988~2002\u5e74\u5e95\u7684\u8cc7\u6599(\u4e09\u5deb\u65e5)\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-table is-style-regular\"><table><thead><tr><th class=\"has-text-align-center\" data-align=\"center\"><strong>\u6642\u9593\u9ede<\/strong><\/th><th class=\"has-text-align-center\" data-align=\"center\"><strong>\u4e09\u5deb\u65e5\u524d5\u4ea4\u6613\u65e5<\/strong><\/th><th class=\"has-text-align-center\" data-align=\"center\"><strong>\u4e09\u5deb\u65e5\u5f8c5\u4ea4\u6613\u65e5<\/strong><\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">\u5e73\u5747\u6f32\u8dcc\u5e45%<\/td><td class=\"has-text-align-center\" data-align=\"center\">0.08%<\/td><td class=\"has-text-align-center\" data-align=\"center\">-0.11%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">\u4e0a\u6f32\u6bd4\u7387%<\/td><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"color: #ff0000;\">61.7%<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\">40.0%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">\u4e0a\u6f32\u6642\u5e73\u5747\u6f32\u5e45<\/td><td class=\"has-text-align-center\" data-align=\"center\">1.41%<\/td><td class=\"has-text-align-center\" data-align=\"center\">1.89%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">\u4e0b\u8dcc\u6bd4\u7387%<\/td><td class=\"has-text-align-center\" data-align=\"center\">38.3%<\/td><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"color: #ff0000;\">60.0%<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">\u4e0b\u8dcc\u6642\u5e73\u5747\u8dcc\u5e45<\/td><td class=\"has-text-align-center\" data-align=\"center\">-2.06%<\/td><td class=\"has-text-align-center\" data-align=\"center\">-1.44%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">\u6a23\u672c\u6578<\/td><td class=\"has-text-align-center\" data-align=\"center\">60<\/td><td class=\"has-text-align-center\" data-align=\"center\">60<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">\u8cc7\u6599\u6574\u7406\uff1a<a href=/index.html"https:\/\/\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Mr.Market\u5e02\u5834\u5148\u751f<\/a><\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">\u56db\u5deb\u65e5\u8cc7\u6599(2003~2020)<\/h3>\n\n\n\n<p>\u540c\u6a23\u6709\u524d5\u65e5\u4e0a\u6f32\u6a5f\u7387\u8f03\u9ad8\u3001\u5f8c5\u65e5\u4e0b\u8dcc\u6a5f\u7387\u8f03\u9ad8\u7684\u60c5\u6cc1\uff0c\u800c\u4e14\u5e45\u5ea6\u8f032002\u5e74\u4ee5\u524d\u66f4\u52a0\u986f\u8457\u3002<\/p>\n\n\n\n<p>\u770b\u9019\u6578\u5b57\uff0c\u6703\u89ba\u5f97\u56db\u5deb\u65e5\u7684\u8aaa\u6cd5\u4e26\u4e0d\u662f\u7a7a\u7a74\u4f86\u98a8\uff0c\u4e0d\u904e\u8981\u8aaa\u4e00\u5b9a\u6f32\u6216\u4e00\u5b9a\u8dcc\u5176\u5be6\u4e5f\u8aaa\u4e0d\u4e0a\uff0c\u6839\u64da\u6b77\u53f2\u7d71\u8a08\u6578\u64da\u7528\u731c\u7684\uff0c\u9084\u662f\u6703\u670930%\u53ef\u80fd\u6027\u731c\u932f\u908a\u3002<\/p>\n\n\n\n<p>\u4ee5\u4e0b\u662f2003~2020\u5e74\u5e95\u7684\u8cc7\u6599(\u56db\u5deb\u65e5)\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th class=\"has-text-align-center\" data-align=\"center\"><strong>\u6642\u9593\u9ede<\/strong><\/th><th class=\"has-text-align-center\" data-align=\"center\"><strong>\u56db\u5deb\u65e5\u524d5\u4ea4\u6613\u65e5<\/strong><\/th><th class=\"has-text-align-center\" data-align=\"center\"><strong>\u56db\u5deb\u65e5\u5f8c5\u4ea4\u6613\u65e5<\/strong><\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">\u5e73\u5747\u6f32\u8dcc\u5e45%<\/td><td class=\"has-text-align-center\" data-align=\"center\">0.50%<\/td><td class=\"has-text-align-center\" data-align=\"center\">-0.29%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">\u4e0a\u6f32\u6bd4\u7387%<\/td><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"color: #ff0000;\">69.0%<\/span><\/td><td class=\"has-text-align-center\" data-align=\"center\">35.2%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">\u4e0a\u6f32\u6642\u5e73\u5747\u6f32\u5e45<\/td><td class=\"has-text-align-center\" data-align=\"center\">1.58%<\/td><td class=\"has-text-align-center\" data-align=\"center\">1.93%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">\u4e0b\u8dcc\u6bd4\u7387%<\/td><td class=\"has-text-align-center\" data-align=\"center\">31.0%<\/td><td class=\"has-text-align-center\" data-align=\"center\"><span style=\"color: #ff0000;\">64.8%<\/span><\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">\u4e0b\u8dcc\u6642\u5e73\u5747\u8dcc\u5e45<\/td><td class=\"has-text-align-center\" data-align=\"center\">-2.06%<\/td><td class=\"has-text-align-center\" data-align=\"center\">-1.49%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">\u6a23\u672c\u6578<\/td><td class=\"has-text-align-center\" data-align=\"center\">71<\/td><td class=\"has-text-align-center\" data-align=\"center\">71<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">\u8cc7\u6599\u6574\u7406\uff1a<a href=/index.html"https:\/\/\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Mr.Market\u5e02\u5834\u5148\u751f<\/a><\/figcaption><\/figure>\n\n\n\n<p>\u770b\u5b8c\u4e0a\u9762\u8cc7\u6599\uff0c\u6211\u5c0d\u65bc\u7d50\u7b97\u65e5\u524d\u5f8c\u7684\u8d70\u52e2\u8108\u7d61\u4e5f\u6709\u9ede\u597d\u5947\uff0c\u6240\u4ee5\u4ee5\u4e0b\u6211\u7d71\u8a08\u4e86\u56db\u5deb\u65e5\u524d\u5f8c\u7684\u884c\u60c5\u662f\u5426\u6709\u8f49\u6298\u7684\u72c0\u6cc1\u3002<\/p>\n\n\n\n<p>\u540c\u6a23\u7684\uff0c\u5206\u62102002\u5e74\u4ee5\u524d\u548c2003\u5e74\u4ee5\u5f8c\u7684\u8cc7\u6599\u3002<\/p>\n\n\n\n<p>\u8981\u63d0\u9192\u7684\u662f\u9019\u88e1\u53ea\u662f\u770b\u4e0a\u6f32\u548c\u4e0b\u8dcc\uff0c\u4e26\u6c92\u6709\u8003\u616e\u5e45\u5ea6\u554f\u984c\uff0c\u9019\u908a\u6211\u53ea\u662f\u7528\u6b63\u3001\u8ca0\u4f86\u505a\u8a08\u7b97\uff0c\u5be6\u969b\u4e0a\u5982\u679c\u8981\u7528\u65bc\u6295\u8cc7\u61c9\u8a72\u9032\u4e00\u6b65\u8003\u616e\u5e45\u5ea6 (\u4f8b\u5982+0.01%\u5176\u5be6\u61c9\u8a72\u7b97\u53ef\u6709\u53ef\u7121\uff0c\u4f46\u5728\u9019\u88e1\u6703\u88ab\u5b9a\u7fa9\u70ba\u4e0a\u6f32)\uff0c\u4e0d\u904e\u9019\u908a\u6211\u53ea\u60f3\u77e5\u9053\u500b\u5927\u6982\uff0c\u5176\u4ed6\u7559\u7d66\u6709\u8208\u8da3\u7684\u4eba\u81ea\u5df1\u53bb\u7814\u7a76\u4e86\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u4e09\u5deb\u65e5\u8f49\u6298\u72c0\u6cc1(1988~2002)<\/h3>\n\n\n\n<p>\u4ee5\u4e0b\u662f1988~2002\u5e74\u5e95\u7684\u8cc7\u6599(\u4e09\u5deb\u65e5-\u8f49\u6298\u7d71\u8a08)\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>\u524d5\u65e5\u4e0a\u6f32<\/strong><\/td><td><strong>\u6b21\u6578<\/strong><\/td><td><strong>\u689d\u4ef6\u6a5f\u7387<\/strong><\/td><\/tr><tr><td>\u524d5\u65e5\u4e0a\u6f32\u3001\u5f8c5\u65e5\u4e0a\u6f32<\/td><td>14<\/td><td>37.8%<\/td><\/tr><tr><td>\u524d5\u65e5\u4e0a\u6f32\u3001\u5f8c5\u65e5\u4e0b\u8dcc(\u8f49\u6298)<\/td><td>23<\/td><td>62.2%<\/td><\/tr><tr><td><strong>\u524d5\u65e5\u4e0b\u8dcc<\/strong><\/td><td><strong>\u6b21\u6578<\/strong><\/td><td><strong>\u689d\u4ef6\u6a5f\u7387<\/strong><\/td><\/tr><tr><td>\u524d5\u65e5\u4e0b\u8dcc\u3001\u5f8c5\u65e5\u4e0b\u8dcc<\/td><td>13<\/td><td>56.5%<\/td><\/tr><tr><td>\u524d5\u65e5\u4e0b\u8dcc\u3001\u5f8c5\u65e5\u4e0a\u6f32(\u8f49\u6298)<\/td><td>10<\/td><td>43.5%<\/td><\/tr><tr><td>\u7e3d\u6a23\u672c<\/td><td>60<\/td><td>&nbsp;<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">\u8cc7\u6599\u6574\u7406\uff1a<a href=/index.html"https:\/\/\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Mr.Market\u5e02\u5834\u5148\u751f<\/a><\/figcaption><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\">\u56db\u5deb\u65e5\u8f49\u6298\u72c0\u6cc1(2003~2020)<\/h3>\n\n\n\n<p>\u4ee5\u4e0b\u662f2003~2020\u5e74\u5e95\u7684\u8cc7\u6599(\u56db\u5deb\u65e5-\u8f49\u6298\u7d71\u8a08)\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>\u524d5\u65e5\u4e0a\u6f32<\/strong><\/td><td><strong>\u6b21\u6578<\/strong><\/td><td><strong>\u689d\u4ef6\u6a5f\u7387<\/strong><\/td><\/tr><tr><td>\u524d5\u65e5\u4e0a\u6f32\u3001\u5f8c5\u65e5\u4e0a\u6f32<\/td><td>16<\/td><td>32.7%<\/td><\/tr><tr><td>\u524d5\u65e5\u4e0a\u6f32\u3001\u5f8c5\u65e5\u4e0b\u8dcc(\u8f49\u6298)<\/td><td>33<\/td><td>67.3%<\/td><\/tr><tr><td><strong>\u524d5\u65e5\u4e0b\u8dcc<\/strong><\/td><td><strong>\u6b21\u6578<\/strong><\/td><td><strong>\u689d\u4ef6\u6a5f\u7387<\/strong><\/td><\/tr><tr><td>\u524d5\u65e5\u4e0b\u8dcc\u3001\u5f8c5\u65e5\u4e0b\u8dcc<\/td><td>13<\/td><td>59.1%<\/td><\/tr><tr><td>\u524d5\u65e5\u4e0b\u8dcc\u3001\u5f8c5\u65e5\u4e0a\u6f32(\u8f49\u6298)<\/td><td>9<\/td><td>40.9%<\/td><\/tr><tr><td>\u7e3d\u6a23\u672c<\/td><td>71<\/td><td>&nbsp;<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">\u8cc7\u6599\u6574\u7406\uff1a<a href=/index.html"https:\/\/\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Mr.Market\u5e02\u5834\u5148\u751f<\/a><\/figcaption><\/figure>\n\n\n\n<p>\u5f9e\u4e0a\u8ff0\u5169\u7d44\u8cc7\u6599\u53ef\u4ee5\u89c0\u5bdf\u5230\u689d\u4ef6\u6a5f\u7387\uff0c<strong>\u7c21\u55ae\u4f86\u8aaa\uff1a\u5982\u679c\u5728\u56db\u5deb\u65e5\u524d\u6709\u4e0a\u6f32\uff0c\u56db\u5deb\u65e5\u904e\u5f8c\u884c\u60c5\u767c\u751f\u8f49\u6298\u7684\u6a5f\u7387\u4e5f\u6703\u7565\u9ad8\u4e00\u9ede\u3002<\/strong><\/p>\n\n\n\n<p>\u5982\u679c\u56db\u5deb\u65e5\u8207\u4e09\u5deb\u65e5\u524d5\u65e5\u662f\u4e0a\u6f32\u7684\u72c0\u6cc1\uff0c\u5f8c5\u65e5\u670960%~70%\u7684\u6a5f\u7387\u662f\u4e0b\u8dcc\uff0c\u4e5f\u5c31\u662f\u767c\u751f\u8f49\u6298\u3002<\/p>\n\n\n\n<p>\u5982\u679c\u56db\u5deb\u65e5\u8207\u4e09\u5deb\u65e5\u524d5\u65e5\u662f\u4e0b\u8dcc\u7684\u72c0\u6cc1\uff0c\u5f8c5\u65e5\u670950%~60%\u7684\u6a5f\u7387\u662f\u4e0b\u8dcc\uff0c\u4e5f\u5c31\u50be\u5411\u4e0d\u767c\u751f\u8f49\u6298\u3002<\/p>\n\n\n\n<p>\u4f46\u56e0\u70ba\u524d\u4e94\u65e5\u4e0b\u8dcc\u7684\u6a23\u672c\u4f54\u6574\u9ad4\u6bd4\u4f8b\u8f03\u5c11\uff0c\u6240\u4ee5\u7d50\u8ad6\u7684\u53ef\u4fe1\u5ea6\u4f4e\u65bc\u524d\u8005\u3002<\/p>\n\n\n\n<p>\u9019\u88e1\u5e02\u5834\u5148\u751f\u518d\u6b21\u63d0\u9192\uff0c\u9019\u88e1\u90fd\u53ea\u6709\u8ac7\u6a5f\u7387\uff0c\u4e26\u6c92\u6709\u8ac7\u5230\u671f\u671b\u503c\u3002<\/p>\n\n\n\n<p>\u5982\u679c\u8003\u616e\u6295\u8cc7\u7b56\u7565\u7684\u7372\u5229\u6027\uff0c<a href=/index.html"https:\/\/\/positive-negative-expected-value-thinking-2023\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u671f\u671b\u503c<\/a>\u624d\u662f\u91cd\u9ede\uff0c\u6a5f\u7387\u6c92\u90a3\u9ebc\u91cd\u8981\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%9B%9B%E5%B7%AB%E6%97%A5_%E5%B0%8D%E5%8F%B0%E8%82%A1%E6%9C%89%E4%BB%80%E9%BA%BC%E5%BD%B1%E9%9F%BF%EF%BC%9F\"><\/span>\u56db\u5deb\u65e5 \u5c0d\u53f0\u80a1\u6709\u4ec0\u9ebc\u5f71\u97ff\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u524d\u9762\u8ac7\u7684\u662f\u7f8e\u80a1S&amp;P500\u6307\u6578\u7684\u5f71\u97ff\uff0c\u90a3\u9ebc\u56db\u5deb\u65e5\u5c0d\u53f0\u80a1\u662f\u5426\u6709\u4ec0\u9ebc\u5f71\u97ff\u5462\uff1f<\/p>\n\n\n\n<p>\u7f8e\u80a1\u8ddf\u53f0\u80a1\u6f32\u8dcc\u7684\u78ba\u6709\u4e00\u5b9a\u7684\u76f8\u95dc\u6027\uff0c\u4e0d\u904e\u4e5f\u4e26\u975e\u7d55\u5c0d\uff0c\u6b64\u5916\u56db\u5deb\u65e5\u4e26\u4e0d\u7b97\u662f\u6a23\u672c\u5f88\u5927\u7684\u7d71\u8a08\u7d50\u679c\u3002<\/p>\n\n\n\n<p>\u4ee5\u4e0b\u5f9e\u56db\u5deb\u65e5\u524d\u4e00\u5468\u3001\u5f8c\u4e00\u5468\u7684\u8d70\u52e2\u4f86\u6bd4\u8f03\uff0c\u5c31\u53ea\u5217\u51fa2019~2020\u5e74\u6578\u64da\uff0c\u56e0\u70ba\u6211\u89ba\u5f97\u62c9\u9577\u671f\u610f\u7fa9\u4e5f\u4e0d\u5927\uff0c\u4e0d\u904e\u5e02\u5834\u5148\u751f\u4e5f\u8981\u63d0\u9192\uff0c\u9019\u4e9b\u90fd\u662f\u904e\u53bb\u6578\u64da\u7684\u56de\u6e2c\uff0c\u4e26\u4e0d\u80fd\u4ee3\u8868\u672a\u4f86\u7684\u8868\u73fe\uff0c\u50c5\u80fd\u505a\u53c3\u8003\u8cc7\u6599\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">2019-2020\u56db\u5deb\u65e5\u5c0d\u53f0\u80a1\u7684\u5f71\u97ff<\/h3>\n\n\n\n<p>\u7f8e\u80a1\u958b\u76e4\u6642\u9593\u6bd4\u53f0\u80a1\u665a\uff0c\u4e0d\u904e\u6642\u9593\u6211\u9084\u662f\u4ee5\u7f8e\u570b\u7684\u65e5\u671f\u70ba\u6e96\u53bb\u7576\u6210\u53f0\u80a1\u8a08\u7b97\u6642\u9593\u7684\u57fa\u6e96\u3002<\/p>\n\n\n\n<p>\u5831\u916c\u5247\u662f\u7528<a href=/index.html"https:\/\/\/tw-real-return-index-0\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u53f0\u80a1\u52a0\u6b0a\u5831\u916c\u6307\u6578<\/a>\u8b8a\u52d5\u505a\u8a08\u7b97\u3002<\/p>\n\n\n\n<p>\u5f9e\u4ee5\u4e0b\u77ed\u77ed\u7684\u7d50\u679c\u4f86\u770b\uff0c\u56db\u5deb\u65e5\u4e4b\u524d5\u4ea4\u6613\u65e5\u7684\u78ba\u662f\u4e0a\u6f32\u5c45\u591a\uff0c\u5373\u4fbf\u9023\u4e4b\u5f8c5\u5929\u4e5f\u662f\u4e0a\u6f32\u5c45\u591a\uff0c\u9019\u53ef\u80fd\u4e5f\u8ddf\u9019\u9663\u5b50\u591a\u982d\u5e02\u5834\u5c45\u591a\u6709\u95dc\uff0c\u4f46\u9019\u9ebc\u5c11\u7684\u6a23\u672c\u4e0d\u80fd\u8aaa\u660e\u4ec0\u9ebc\uff0c\u6b64\u5916\u4e5f\u6709\u50cf2020\/3\u6708\u4efd\u7684\u9ed1\u5929\u9d5d\u72c0\u6cc1\uff0c\u56e0\u70baCovid-19\u75ab\u60c5\u56e0\u7d20\u5168\u7403\u5927\u8dcc\u3002<\/p>\n\n\n\n<p>\u4ee5\u4e0b\u662f2019~2020\u5e74\u56db\u5deb\u65e5\u5c0d\u53f0\u80a1\u7684\u5f71\u97ff\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th class=\"has-text-align-center\" data-align=\"center\"><strong>\u65e5\u671f(\u7f8e\u570b)<\/strong><\/th><th class=\"has-text-align-center\" data-align=\"center\"><strong>\u56db\u5deb\u65e5\u524d5\u4ea4\u6613\u65e5\u6f32\u8dcc\u5e45<\/strong><\/th><th class=\"has-text-align-center\" data-align=\"center\"><strong>\u56db\u5deb\u65e5\u5f8c5\u4ea4\u6613\u65e5\u6f32\u8dcc\u5e45\u5ea6<\/strong><\/th><\/tr><\/thead><tbody><tr><td class=\"has-text-align-center\" data-align=\"center\">2019\/03\/15<\/td><td class=\"has-text-align-center\" data-align=\"center\">+1.93%<\/td><td class=\"has-text-align-center\" data-align=\"center\">+1.91%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2019\/06\/21<\/td><td class=\"has-text-align-center\" data-align=\"center\">+2.83%<\/td><td class=\"has-text-align-center\" data-align=\"center\">+0.13%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2019\/09\/20<\/td><td class=\"has-text-align-center\" data-align=\"center\">+1.13%<\/td><td class=\"has-text-align-center\" data-align=\"center\">-0.91%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2019\/12\/20<\/td><td class=\"has-text-align-center\" data-align=\"center\">+0.44%<\/td><td class=\"has-text-align-center\" data-align=\"center\">+1.11%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2020\/03\/20<\/td><td class=\"has-text-align-center\" data-align=\"center\">-8.61%<\/td><td class=\"has-text-align-center\" data-align=\"center\">+5.04%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2020\/06\/19<\/td><td class=\"has-text-align-center\" data-align=\"center\">+1.36%<\/td><td class=\"has-text-align-center\" data-align=\"center\">+0.80%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2020\/09\/18<\/td><td class=\"has-text-align-center\" data-align=\"center\">+1.75%<\/td><td class=\"has-text-align-center\" data-align=\"center\">-4.98%<\/td><\/tr><tr><td class=\"has-text-align-center\" data-align=\"center\">2020\/12\/18<\/td><td class=\"has-text-align-center\" data-align=\"center\">+0.07%<\/td><td class=\"has-text-align-center\" data-align=\"center\">+0.57%<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">\u8cc7\u6599\u6574\u7406\uff1a<a href=/index.html"https:\/\/\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">Mr.Market\u5e02\u5834\u5148\u751f<\/a><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%9B%9B%E5%B7%AB%E6%97%A5%E8%A6%81%E6%B3%A8%E6%84%8F%E4%BB%80%E9%BA%BC%EF%BC%9F\"><\/span>\u56db\u5deb\u65e5\u8981\u6ce8\u610f\u4ec0\u9ebc\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u56db\u5deb\u65e5\u6703\u8b93\u4ea4\u6613\u91cf\u3001\u4ea4\u6613\u6d3b\u52d5\u5927\u589e\uff0c\u53ef\u80fd\u662f\u4f7f\u7528\u67d0\u4e9b\u7b56\u7565\u7684\u6295\u8cc7\u4eba\u7372\u5229\u6a5f\u6703\uff0c\u4e0d\u904e\u6ce2\u52d5\u5e45\u5ea6\u5927\u53ef\u80fd\u589e\u52a0\u6536\u76ca\uff0c\u4f46\u4e5f\u53ef\u80fd\u6703\u9020\u6210\u640d\u5931\u3002<\/p>\n\n\n\n<p><strong>\u4ee5\u73fe\u5728\u7d71\u8a08\u4e0b\u4f86\uff0c\u50c5\u67093\u9ede\u6bd4\u8f03\u660e\u78ba\uff1a<\/strong><\/p>\n\n\n\n<ol>\n<li>\u56db\u5deb\u65e5\u4ea4\u6613\u91cf\u6703\u653e\u5927\u3002\u6ce2\u52d5\u6703\u8f03\u5287\u70c8\uff0c\u5efa\u8b70\u65e9\u9ede\u63db\u5009\u3002<\/li>\n\n\n\n<li>\u56db\u5deb\u65e5\u4e4b\u524d5\u5929\uff0c\u4e0a\u6f32\u7684\u6a5f\u7387\u7565\u9ad8\u4e00\u9ede\u9ede\u3002\u5f8c5\u65e5\u5247\u662f\u4e0b\u8dcc\u7684\u65e5\u6578\u8f03\u591a\u4e00\u9ede\u3002<\/li>\n\n\n\n<li>\u7576\u56db\u5deb\u65e5\u4e4b\u524d5\u5929\u4e0a\u6f32\u6642\uff0c\u5f8c5\u65e5\u4e0b\u8dcc\u7684\u53ef\u80fd\u6027\u7565\u70ba\u9ad8\u4e00\u9ede\u3002<\/li>\n<\/ol>\n\n\n\n<p>\u4ee5\u4e0a\u90fd\u53ea\u8ac7\u6a5f\u7387\uff0c\u4e26\u975e\u8ac7\u671f\u671b\u503c\uff0c\u56e0\u6b64\u4e26\u975e\u4e00\u5b9a\u80fd\u7372\u5229\u3002<\/p>\n\n\n\n<p>\u4e3b\u52d5\u6295\u8cc7\u3001\u77ed\u7dda\u5957\u5229\u8005\uff0c\u4ee5\u53ca\u624b\u4e0a\u6709\u671f\u8ca8\u3001\u9078\u64c7\u6b0a\u90e8\u4f4d\u7684\u4eba\uff0c\u6bd4\u8f03\u9700\u8981\u7559\u610f\u56db\u5deb\u65e5\u7684\u5f71\u97ff\uff0c\u4f46\u5982\u679c\u662f<a href=/index.html"https:\/\/\/what-passive-invest\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u88ab\u52d5\u6295\u8cc7<\/a>\u3001\u4e2d\u9577\u671f\u6295\u8cc7(\u6295\u8cc7\u671f\u9593\u81f3\u5c115\u5e74\u4ee5\u4e0a)\uff0c\u56db\u5deb\u65e5\u5c0d\u4f60\u5176\u5be6\u4e0d\u6703\u6709\u592a\u5927\u7684\u5f71\u97ff\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%BF%AB%E9%80%9F%E9%87%8D%E9%BB%9E%E6%95%B4%E7%90%86%EF%BC%9A%E5%9B%9B%E5%B7%AB%E6%97%A5%E6%98%AF%E4%BB%80%E9%BA%BC%EF%BC%9F\"><\/span>\u5feb\u901f\u91cd\u9ede\u6574\u7406\uff1a\u56db\u5deb\u65e5\u662f\u4ec0\u9ebc\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ol>\n<li>\u56db\u5deb\u65e5(Quadruple Witching Day)\u662f\u884d\u751f\u6027\u91d1\u878d\u5546\u54c1(\u80a1\u7968\u6307\u6578\u671f\u8ca8\u3001\u80a1\u7968\u6307\u6578\u9078\u64c7\u6b0a\u3001\u500b\u80a1\u671f\u8ca8\u3001\u500b\u80a1\u9078\u64c7\u6b0a)\u7684\u5230\u671f\u65e5\u7d50\u7b97\u3002<\/li>\n\n\n\n<li>\u56db\u5deb\u65e5\u7576\u5929\u7684\u6700\u5f8c\u4e00\u5c0f\u6642\u4ea4\u6613\u6642\u6bb5\uff0c\u4e5f\u88ab\u7a31\u70ba\u56db\u5deb\u5c0f\u6642(Quadruple witching hour)\uff0c\u901a\u5e38\u56db\u5deb\u5c0f\u6642\u53ef\u80fd\u6ce2\u52d5\u5287\u70c8\u3002<\/li>\n\n\n\n<li>\u901a\u5e38\u5728\u56db\u5deb\u65e5\u7576\u5929\uff0c\u6240\u6709\u8cc7\u7522\u985e\u5225\u7684\u6ce2\u52d5\u6027\u90fd\u6703\u975e\u5e38\u5927\uff0c\u4f46\u53c8\u4ee5\u6bcf\u5e7412\u6708\u7684\u56db\u5deb\u65e5\u6210\u4ea4\u91cf\u6700\u5927(\u6700\u5f8c\u4e00\u500b\u56db\u5deb\u65e5)\uff0c\u7531\u65bc\u50f9\u683c\u4e5f\u53ef\u80fd\u7576\u4e0b\u5931\u53bb\u6548\u7387\uff0c\u5957\u5229\u8005\u901a\u5e38\u5728\u56db\u5deb\u5c0f\u6642\u627e\u5c0b\u5957\u5229\u6a5f\u6703\u3002<\/li>\n\n\n\n<li>\u7f8e\u80a1\u8cc7\u6599\u986f\u793a\uff0c\u56db\u5deb\u65e5\u4e4b\u524d5\u500b\u4ea4\u6613\u65e5\uff0c\u6307\u6578\u7684\u4e0a\u6f32\u6a5f\u7387\u6703\u8f03\u9ad8\uff1b\u4f46\u662f\u5728\u56db\u5deb\u65e5\u7d50\u675f\u5f8c5\u500b\u4ea4\u6613\u65e5\uff0c\u6307\u6578\u5247\u662f\u4e0b\u8dcc\u6a5f\u7387\u7565\u9ad8\u4e00\u9ede\u3002<\/li>\n\n\n\n<li>\u7f8e\u80a1\u8cc7\u6599\u986f\u793a\uff0c\u56db\u5deb\u65e5\u4e4b\u524d5\u4ea4\u6613\u65e5\u662f\u4e0a\u6f32\u6642\uff0c\u5f8c\u9762\u8f49\u6298\u4e0b\u8dcc\u7684\u53ef\u80fd\u6027\u7565\u9ad8\u4e00\u9ede\u3002<\/li>\n<\/ol>\n\n\n\n<p>\u5c0d\u671f\u8ca8\u548c\u9078\u64c7\u6b0a\u6295\u8cc7\u4eba\u4f86\u8aaa\uff0c\u4e0d\u8981\u62bc\u5728\u6700\u5f8c\u4e00\u5929\u63db\u5009\uff0c\u662f\u6211\u5011\u80fd\u5f9e\u9019\u9805\u6578\u64da\u4e2d\u5f97\u5230\u4e00\u500b\u6bd4\u8f03\u660e\u78ba\u7684\u7d50\u8ad6\u3002<\/p>\n\n\n\n\n\n\n<p><strong>\u66f4\u591a\u7f8e\u80a1\u76f8\u95dc\u7684\u6587\u7ae0\u6559\u5b78\uff1a<\/strong><\/p>\n\n\n\n<p>1.&nbsp;<a href=/index.html"https:\/\/\/us-stocks-broker-choose\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u7f8e\u80a1\u958b\u6236\u63a8\u85a6\u54ea\u4e00\u9593\uff1f\u7f8e\u80a1\u5238\u5546\u958b\u6236\u6bd4\u8f03<\/a><\/p>\n\n\n\n<p>2.&nbsp;<a href=/index.html"https:\/\/\/us-stock-invest-all\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u7f8e\u80a1\u65b0\u624b\u5165\u9580\u6559\u5b78\u61f6\u4eba\u5305- \u5e02\u5834\u5148\u751f\u5e36\u4f60\u8cb7\u9032\u7b2c\u4e00\u652f\u7f8e\u80a1<\/a><\/p>\n\n\n\n<p>3.&nbsp;<a href=/index.html"https:\/\/\/u-s-stock-regular-quota\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u7f8e\u80a1\u624b\u7e8c\u8cbb\u8981\u591a\u5c11\uff1f\u8907\u59d4\u8a17\u9084\u662f\u6d77\u5916\u5238\u5546\u4ea4\u6613\u6210\u672c\u6bd4\u8f03\u4f4e\uff1f<\/a><\/p>\n\n\n\n<p>4.&nbsp;<a href=/index.html"https:\/\/\/what-circuit-breaker\/\" data-wpel-link=\"internal\" target=\"_blank\" rel=\"noopener noreferrer\">\u7194\u65b7\u6a5f\u5236\u662f\u4ec0\u9ebc\uff1f\u7f8e\u80a1\u7194\u65b7\u5c0d\u6295\u8cc7\u4ea4\u6613\u6709\u4ec0\u9ebc\u5f71\u97ff\uff1f<\/a><\/p>\n\n\n<p><strong><span style=\"font-size: 20px;\">\u52a0\u5165\u5e02\u5834\u5148\u751fFB\u793e\u5718\uff0c\u5145\u5be6\u66f4\u591a\u7406\u8ca1\u597d\u77e5\u8b58<\/span><\/strong><\/p>\r\n<p>50\u6b72\u4e4b\u524d\u60f3\u9000\u4f11\u4e00\u5b9a\u8981\u61c2\u7406\u8ca1\uff0c<br \/>\u89e3\u6c7a\u6295\u8cc7\u7684\u7169\u60f1\uff01<\/p>\r\n<p><a href=/index.html"https:\/\/bit.ly\/2NTBOAv\" target=\"_blank\" rel=\"noopener nofollow\" data-wpel-link=\"external\"><img decoding=\"async\" class=\"alignnone size-full wp-image-7106\" src=/index.html"https:\/\/\/wp-content\/uploads\/20190824195036_69.gif\" alt=\"\" width=\"687\" height=\"243\" \/><\/a><\/p>\r\n<p>\u6700\u8fd1\u5e02\u5834\u5148\u751f\u958b\u4e86\u4e00\u5802\u7684\u300c<strong>\u7528\u7f8e\u80a1ETF\u5275\u9020\u7a69\u5b9a\u73fe\u91d1\u6d41<\/strong>\u300d\u6559\u5b78\u8ab2\u7a0b\uff0c<br \/>\u9019\u5802\u8ab2\u7a0b\u6703\u5f9e\u57fa\u790e\u5165\u9580\u3001\u8cc7\u6599\u67e5\u8a62\u5230\u5be6\u969b\u64cd\u4f5c\uff0c<br \/>\u6559\u4f60\u5b78\u6703\u5efa\u7acb\u4e00\u500b\u7a69\u5b9a\u7684\u5168\u7403ETF\u6295\u8cc7\u7d44\u5408\uff0c\u76ee\u524d\u7d2f\u7a4d\u5df2\u7d93\u6709\u5c07\u8fd11100\u4f4d\u540c\u5b78\u4e0a\u8ab2\u3002<\/p>\r\n<p>\u7dda\u4e0a\u8ab2\u7a0b\u300b<a href=/index.html"http:\/\/bit.ly\/2FV3hPc\" target=\"_blank\" rel=\"noopener nofollow\" data-wpel-link=\"external\">\u7f8e\u80a1ETF\u5275\u9020\u7a69\u5b9a\u73fe\u91d1\u6d41\u7dda\u4e0a\u8ab2\u7a0b\u9023\u7d50<\/a><\/p>\n\n\n\u7de8\u8f2f\uff1aJoy \u4e3b\u7de8\uff1a\u5e02\u5834\u5148\u751f\n\n\n<p><br \/><strong><span style=\"color: #ff0000;\">\u5982\u679c\u89ba\u5f97\u9019\u7bc7\u6587\u7ae0\u6709\u5e6b\u52a9\uff0c<\/span><\/strong><br \/><strong><span style=\"color: #ff0000;\">\u5e6b\u6211\u6309\u500b\u8b9a\uff0c\u5206\u4eab\u7d66\u66f4\u591a\u4eba\u770b\u5230\uff0c\u8b1d\u8b1d\uff01<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u56db\u5deb\u65e5\u5c31\u662f4\u7a2e\u884d\u751f\u6027\u91d1\u878d\u5546\u54c1\uff1a\u80a1\u7968\u6307\u6578\u671f\u8ca8\u3001\u80a1\u7968\u6307\u6578\u9078\u64c7\u6b0a\u3001\u500b\u80a1\u671f\u8ca8\u3001\u500b\u80a1\u9078\u64c7\u6b0a\u7684\u5230\u671f\u7d50\u7b97\u65e5\uff0c\u4e5f\u5c31\u662f\u7f8e\u80a1\u5e02\u5834\u7684 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":36254,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"no","footnotes":""},"categories":[155],"tags":[113,125,270,308,1125,1126,1127],"table_tags":[],"modified_by":"Leon","jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/\/wp-content\/uploads\/20220512112126_65.jpg","jetpack-related-posts":[{"id":441,"url":"https:\/\/\/blog-post_27-4\/","url_meta":{"origin":17920,"position":0},"title":"\u590f\u4ee4\u6642\u9593\/\u51ac\u4ee4\u6642\u9593 \u662f\u4ec0\u9ebc\uff1f2024 \u65e5\u5149\u7bc0\u7d04\u6642\u9593\u8868","author":"Mr.Market\u5e02\u5834\u5148\u751f","date":"2014-05-27","format":false,"excerpt":"\u7121\u8ad6\u662f\u7f8e\u570b\u80a1\u5e02\u6216\u5546\u54c1\u671f\u8ca8\uff0c\u6709\u89c0\u5bdf\u904e\u6d77\u5916\u5e02\u5834\u7684\u6295\u8cc7\u4eba\uff0c\u5e7e\u4e4e\u90fd\u807d\u904e\u590f\u4ee4\u6642\u9593(\u65e5\u5149\u7bc0\u7d04\u6642\u9593)\u53ca\u51ac\u4ee4\u6642\u9593\u9019\u500b\u2026","rel":"","context":"\u5728\u300c\u6295\u8cc7\u7406\u8ca1\u5c08\u6709\u540d\u8a5e\u300d\u4e2d","block_context":{"text":"\u6295\u8cc7\u7406\u8ca1\u5c08\u6709\u540d\u8a5e","link":"https:\/\/\/category\/learn-invest\/invest-noun\/"},"img":{"alt_text":"\u590f\u4ee4\u6642\u9593&\u51ac\u4ee4\u6642\u9593\u662f\u4ec0\u9ebc\uff1f","src":"https:\/\/i0.wp.com\/\/wp-content\/uploads\/20221129143557_86.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/\/wp-content\/uploads\/20221129143557_86.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20221129143557_86.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20221129143557_86.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20221129143557_86.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20221129143557_86.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":20349,"url":"https:\/\/\/futures-contract-spec-introduction\/","url_meta":{"origin":17920,"position":1},"title":"\u671f\u8ca8\u5408\u7d04\u600e\u9ebc\u770b\uff1f\u91cd\u9ede\u9805\u76ee\u6709\u54ea\u4e9b\/\u5982\u4f55\u67e5\u8a62\/\u7bc4\u4f8b(\u7f8e\u80a1\/\u53f0\u80a1)","author":"Mr.Market\u5e02\u5834\u5148\u751f","date":"2024-03-07","format":false,"excerpt":"\u8cb7\u8ce3\u4ea4\u6613\u671f\u8ca8\u524d\uff0c\u8981\u5148\u770b\u61c2\u671f\u8ca8\u7684\u5408\u7d04\u8cc7\u8a0a\uff0c\u50cf\u662f\u898f\u683c\u3001\u4fdd\u8b49\u91d1\u3001\u7d50\u7b97\u65e5\u3001\u5408\u7d04\u50f9\u503c\u7b49\u7b49\u3002 \u96d6\u7136\u671f\u8ca8\u5df2\u7d93\u662f\u6a19\u6e96\u2026","rel":"","context":"\u5728\u300c\u671f\u8ca8\u6295\u8cc7\u300d\u4e2d","block_context":{"text":"\u671f\u8ca8\u6295\u8cc7","link":"https:\/\/\/category\/learn-invest\/futures-invest\/"},"img":{"alt_text":"\u671f\u8ca8\u5408\u7d04\u600e\u9ebc\u770b-\u91cd\u9ede\u9805\u76ee-\u600e\u9ebc\u67e5\u8a62-\u5408\u7d04\u7bc4\u4f8b(\u7f8e\u80a1\u53f0\u80a1)","src":"https:\/\/i0.wp.com\/\/wp-content\/uploads\/2023\/11\/20231109161134_17.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/\/wp-content\/uploads\/2023\/11\/20231109161134_17.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/2023\/11\/20231109161134_17.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/2023\/11\/20231109161134_17.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":18286,"url":"https:\/\/\/invest-schedule\/","url_meta":{"origin":17920,"position":2},"title":"2024\u53f0\u80a1\u884c\u4e8b\u66c6-\u5c01\u95dc\u65e5\/\u671f\u6b0a\u7d50\u7b97\u65e5\/\u8ca1\u5831\u516c\u4f48\u65e5\u671f\/\u9664\u6b0a\u606f\u65fa\u5b63","author":"Mr.Market\u5e02\u5834\u5148\u751f","date":"2023-12-25","format":false,"excerpt":"\u9019\u7bc7\u6587\u7ae0\u5e02\u5834\u5148\u751f\u6574\u74062024\u5e74\u53f0\u80a1\u7684\u884c\u4e8b\u66c6\uff0c\u5305\u542b\u80a1\u5e02\u5c01\u95dc\u65e5(\u6700\u5f8c\u4ea4\u6613\u65e5)\u3001\u958b\u76e4\u65e5(\u5e74\u5f8c\u7b2c\u4e00\u5929\u4ea4\u6613\u65e5)\u2026","rel":"","context":"\u5728\u300c\u80a1\u7968\u6295\u8cc7\u300d\u4e2d","block_context":{"text":"\u80a1\u7968\u6295\u8cc7","link":"https:\/\/\/category\/learn-invest\/stock-invest\/"},"img":{"alt_text":"\u53f0\u80a1\u884c\u4e8b\u66c6-\u5c01\u95dc\u65e5-\u671f\u6b0a\u7d50\u7b97\u65e5-\u8ca1\u5831\u516c\u4f48\u65e5\u671f-\u9664\u6b0a\u606f\u65fa\u5b63","src":"https:\/\/i0.wp.com\/\/wp-content\/uploads\/20220622112203_11.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/\/wp-content\/uploads\/20220622112203_11.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20220622112203_11.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20220622112203_11.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20220622112203_11.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20220622112203_11.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":10116,"url":"https:\/\/\/us-stock-holidays\/","url_meta":{"origin":17920,"position":3},"title":"2024\u5e74\u6700\u65b0\u7f8e\u80a1\u4f11\u5e02\u65e5\u671f\u4e00\u89bd\u8868(\u7f8e\u570b\u80a1\u7968\/\u671f\u8ca8\/\u50b5\u5238)-\u96442024\u7f8e\u80a1\u4f11\u5e02\u8868\u683c","author":"Mr.Market\u5e02\u5834\u5148\u751f","date":"2020-05-05","format":false,"excerpt":"\u672c\u6587\u5e02\u5834\u5148\u751f\u6574\u74062024\u5e74\u7f8e\u570b\u80a1\u5e02\u8207\u91d1\u878d\u5e02\u5834\u7684\u4f11\u5e02\u6642\u9593\u5217\u8868\uff0c\u4ee5\u4e0b\u4e5f\u9644\u4e0a\u5927\u5bb6\u6642\u5e38\u67e5\u8a62\u7684 \u65e5\u5149\u7bc0\u7d04\u6642\u9593(\u2026","rel":"","context":"\u5728\u300c\u7f8e\u80a1\u6295\u8cc7\u300d\u4e2d","block_context":{"text":"\u7f8e\u80a1\u6295\u8cc7","link":"https:\/\/\/category\/learn-invest\/us-stock-invest\/"},"img":{"alt_text":"\u7f8e\u80a1\u4f11\u5e02\u65e5\u671f","src":"https:\/\/i0.wp.com\/\/wp-content\/uploads\/20230105150442_62.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/\/wp-content\/uploads\/20230105150442_62.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20230105150442_62.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20230105150442_62.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20230105150442_62.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":58069,"url":"https:\/\/\/equity-futures-introduction-stock\/","url_meta":{"origin":17920,"position":4},"title":"\u80a1\u7968\u671f\u8ca8\u662f\u4ec0\u9ebc\uff1f\u600e\u9ebc\u8cb7\uff1f\u5408\u7d04\u898f\u683c\/\u9664\u6b0a\u606f\/\u512a\u7f3a\u9ede\u5b8c\u6574\u4ecb\u7d39","author":"Leon","date":"2023-11-08","format":false,"excerpt":"\u80a1\u7968\u671f\u8ca8\u6307\u7684\u662f\u76f4\u63a5\u9023\u7d50\u80a1\u7968\u985e\u578b\u8cc7\u7522\u7684\u671f\u8ca8\u5546\u54c1\uff0c\u5305\u62ec\u500b\u80a1\u671f\u8ca8\uff0c\u4ee5\u53ca\u80a1\u7968\u6307\u6578\u671f\u8ca8\u5169\u7a2e\u985e\u578b\u3002 \u672c\u7bc7\u6587\u7ae0\u5e02\u5834\u2026","rel":"","context":"\u5728\u300c\u671f\u8ca8\u6295\u8cc7\u300d\u4e2d","block_context":{"text":"\u671f\u8ca8\u6295\u8cc7","link":"https:\/\/\/category\/learn-invest\/futures-invest\/"},"img":{"alt_text":"\u80a1\u7968\u671f\u8ca8\u662f\u4ec0\u9ebc-\u600e\u9ebc\u8cb7-\u5408\u7d04\u898f\u683c-\u9664\u6b0a\u606f-\u512a\u7f3a\u9ede","src":"https:\/\/i0.wp.com\/\/wp-content\/uploads\/20230919141010_67.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/\/wp-content\/uploads\/20230919141010_67.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20230919141010_67.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20230919141010_67.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":50153,"url":"https:\/\/\/topix-japan-index\/","url_meta":{"origin":17920,"position":5},"title":"\u65e5\u672c\u6771\u8b49\u6307\u6578\u662f\u4ec0\u9ebc\uff1f\u6210\u5206\u80a1\u6709\u54ea\u4e9b\uff1f\u6771\u8b49\u6307\u6578\u5982\u4f55\u6295\u8cc7\uff1f","author":"Vivianwu","date":"2023-04-07","format":false,"excerpt":"\u65e5\u672c\u6771\u8b49\u6307\u6578\u8ddf\u65e5\u7d93225\u6307\u6578\u90fd\u662f\u6295\u8cc7\u65e5\u672c\u5e02\u5834\u6642\u7684\u91cd\u8981\u6307\u6578\uff0c\u5dee\u5225\u5728\u65bc\u65e5\u7d93225\u6307\u6578\u662f\u80a1\u50f9\u52a0\u6b0a\uff0c\u6771\u8b49\u6307\u6578\u2026","rel":"","context":"\u5728\u300c\u91cd\u8981\u6307\u6578\u300d\u4e2d","block_context":{"text":"\u91cd\u8981\u6307\u6578","link":"https:\/\/\/category\/learn-invest\/index\/"},"img":{"alt_text":"\u65e5\u672c\u6771\u8a3c\u6307\u6578","src":"https:\/\/i0.wp.com\/\/wp-content\/uploads\/20230327140538_31.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/\/wp-content\/uploads\/20230327140538_31.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20230327140538_31.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20230327140538_31.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20230327140538_31.jpg?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/\/wp-content\/uploads\/20230327140538_31.jpg?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/\/wp-json\/wp\/v2\/posts\/17920"}],"collection":[{"href":"https:\/\/\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/\/wp-json\/wp\/v2\/comments?post=17920"}],"version-history":[{"count":2,"href":"https:\/\/\/wp-json\/wp\/v2\/posts\/17920\/revisions"}],"predecessor-version":[{"id":69581,"href":"https:\/\/\/wp-json\/wp\/v2\/posts\/17920\/revisions\/69581"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/\/wp-json\/wp\/v2\/media\/36254"}],"wp:attachment":[{"href":"https:\/\/\/wp-json\/wp\/v2\/media?parent=17920"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/\/wp-json\/wp\/v2\/categories?post=17920"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/\/wp-json\/wp\/v2\/tags?post=17920"},{"taxonomy":"table_tags","embeddable":true,"href":"https:\/\/\/wp-json\/wp\/v2\/table_tags?post=17920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}