{"id":2838,"date":"2016-09-12T08:04:30","date_gmt":"2016-09-12T08:04:30","guid":{"rendered":"http:\/\/bluelake.thineover.com\/2838.html"},"modified":"2022-11-28T13:31:40","modified_gmt":"2022-11-28T13:31:40","slug":"%e5%ae%9e%e6%88%98%e8%ae%a8%e8%ae%ba%ef%bc%9a%e9%87%8f%e5%8c%96%e6%8a%95%e8%b5%84%e5%8f%af%e4%bb%a5%e5%a4%a7%e4%bc%97%e5%8c%96%e5%90%97%ef%bc%9f-%e8%93%9d%e6%b9%96%e5%88%86%e4%ba%ab%e4%bc%9a","status":"publish","type":"post","link":"https:\/\/www.bluelakecap.com\/en\/news\/lakeside-chat\/2838.html","title":{"rendered":"\u5b9e\u6218\u8ba8\u8bba\uff1a\u91cf\u5316\u6295\u8d44\u53ef\u4ee5\u5927\u4f17\u5316\u5417\uff1f"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn.bluelakecap.com\/wp-content\/uploads\/2019\/06\/frc-f732ae7803fb36a19b84d68edc84d9ac.jpeg\" alt=\"\"\/><\/figure>\n\n\n\n<p>\u672c\u6587\u4e2d\u6211\u4eec\u5c06\u8ba8\u8bba\uff1a<br>\u2013Fintech \u516c\u53f8 Kensho \u5982\u4f55\u53d1\u73b0\u201c\u53cd\u5e38\u8bc6\u201d\u5e02\u573a\u89c4\u5f8b\uff1a\u4e0d\u7ba1\u7ecf\u6d4e\u6307\u6807\u516c\u5e03\u51fa\u6765\u662f\u597d\u662f\u574f\uff0c\u516c\u5e03\u65e5\u5f53\u5929\u4e70\u5356\uff0c\u603b\u6bd4\u4e00\u76f4\u6301\u6709\u8d5a\u5f97\u591a\uff1f<br>\u2013\u91cf\u5316\u6295\u8d44\u5927\u4f17\u5316\u8fd9\u4ef6\u4e8b\u5230\u5e95\u9760\u4e0d\u9760\u8c31\uff1f<\/p>\n\n\n\n<p>\u5bf9\u4e8e\u91d1\u878d\u8fd9\u4e2a\u5f00\u653e\u3001\u6a21\u7cca\u3001\u5e9e\u6742\u7684\u6df7\u6c8c\u7cfb\u7edf\uff0c\u91cf\u5316\u5206\u6790\u5efa\u6a21\u5728\u5b9e\u9645\u64cd\u4f5c\u4e2d\u4f55\u5176\u96be\u4e5f\uff0c\u7279\u522b\u662f\u52a0\u5165\u4e86\u66f4\u591a\u7ef4\u5ea6\u7684\u6570\u636e\u4ee5\u540e\uff0c\u4e00\u4e0d\u5c0f\u5fc3\u5c31\u8e0f\u5165\u4e0d\u53ef\u77e5\u8bba\u7684\u6df1\u6e0a\u3002\u4e0d\u8fc7\u4e5f\u6b63\u662f\u56e0\u4e3a\u8fd9\u4e00\u70b9\uff0c\u673a\u5668\u5bf9\u4eba\u8111\u8fb9\u754c\u7684\u62d3\u5c55\u663e\u5f97\u5c24\u4e3a\u91cd\u8981\u3002<\/p>\n\n\n\n<p>\u5982\u4f55\u7528\u6570\u636e\u5206\u6790\u9a71\u52a8\u53d1\u73b0\u65b0\u7684\u6295\u8d44\u7b56\u7565\uff1f\u627e\u5230\u4e00\u4e2a\u6709\u8da3\u7684\u4f8b\u5b50\u4e0e\u5927\u5bb6\u5206\u4eab\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn.bluelakecap.com\/wp-content\/uploads\/2019\/06\/frc-f6bd0b0a3aae4ca8a2a11cecc8f50df1.jpeg\" alt=\"\"\/><figcaption>\u8fc7\u53bb\u51e0\u5e74\uff0c\u5168\u4e16\u754c\u90fd\u5feb\u88ab\u8036\u4f26\u8fd9\u4e2a\u5973\u4eba\u6298\u78e8\u75af\u4e86\u5427\uff01<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn.bluelakecap.com\/wp-content\/uploads\/2019\/06\/frc-9cb20926d5f4e9967381f64bae584e97.png\" alt=\"\"\/><\/figure>\n\n\n\n<p>\u8fd9\u51e0\u5e74\u95f4\uff0c\u7f8e\u56fd\u6bcf\u4e00\u6b21\u5b8f\u89c2\u7ecf\u6d4e\u6570\u636e\uff08 ISM \u6307\u6570\uff0c\u975e\u519c\u5c31\u4e1a\u7b49\uff09\u7684\u53d1\u5e03\uff0c\u90fd\u7275\u52a8\u7740\u5168\u7403\u91d1\u878d\u6c11\u5de5\u7684\u795e\u7ecf\uff0c\u4e00\u6b21\u8d85\u9884\u671f\uff0c\u4e00\u6b21\u4e0d\u53ca\u9884\u671f\uff0c\u65e0\u8bba\u662f\u5916\u6c47\uff0c\u5927\u5b97\uff0c\u503a\u5238\uff0c\u8fd8\u662f\u80a1\u5e02\u90fd\u8981\u8ddf\u7740\u6296\u4e09\u6296\u3002\u800c\u521a\u8fc7\u53bb\u7684\u90a3\u4e2a\u9ed1\u8272\u661f\u671f\u4e94\uff0c\u4e5f\u5c31\u4e0d\u63d0\u4e86\u7f62\u3002<\/p>\n\n\n\n<p>\u4e8c\u7ea7\u6295\u8d44\u72d7\u4eec\u9762\u4e34 2 \u4e2a\u547d\u9898\uff1a<\/p>\n\n\n\n<p><strong>1. &nbsp; &nbsp;\u53d1\u5e03\u65e5\u524d\uff1a\u57fa\u672c\u9762\u5206\u6790\uff0c\u8d8b\u52bf\u9884\u5224<\/strong><\/p>\n\n\n\n<p>\u6709\u4eba\u4f1a\u60f3\u5230\u201c\u7528\u5927\u6570\u636e\u7684\u65b9\u6cd5\u9884\u6d4b\u5b8f\u89c2\u7ecf\u6d4e\u6307\u6807\u201d\u3002Well,good luck\uff01<\/p>\n\n\n\n<p><strong>2. &nbsp; &nbsp;\u53d1\u5e03\u65e5\u540e\uff1a\u5bf9\u51b2\/\u5229\u7528\u77ed\u671f\u5e02\u573a\u6ce2\u52a8<\/strong><\/p>\n\n\n\n<p>\u4e00\u65e6\u6307\u6807\u4e0d\u53ca\u6216\u8d85\u51fa\u9884\u671f\uff0c\u5728\u8d44\u4ea7\u4ef7\u683c\u76f8\u5e94\u8c03\u6574\u7684\u57fa\u7840\u4e0a\uff0c\u8fd8\u4f1a\u7d2f\u52a0\u4e00\u5c42\u5e02\u573a\u60c5\u7eea\u5e26\u6765\u7684\u9707\u8361\u3002\u4e00\u822c\u6295\u8d44\u8005\u5e0c\u671b\u5bf9\u51b2\u6ce2\u52a8\uff0c\u77ed\u7ebf\u6280\u672f\u6d41\u5219\u968f\u673a\u5e94\u53d8\u3002<\/p>\n\n\n\n<p><strong>Kensho \u56e2\u961f\u5219\u4ece\u4e2d\u53d1\u73b0\u4e86\u4e00\u4e2a\u53e6\u7c7b\u89c4\u5f8b\u3002<\/strong>\u4ed6\u4eec\u6d17\u5237\u5237\u4e86\u4e00\u5806\u6570\u636e\uff0c\u5f97\u5230\u7684\u662f\u4ee5\u4e0b\u6709\u8da3\u7684\u7ed3\u679c\uff1a<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn.bluelakecap.com\/wp-content\/uploads\/2019\/06\/frc-c042e88f6cd227d37532ef16e6221d80.jpeg\" alt=\"\"\/><\/figure>\n\n\n\n<p>\u6ce8\u91ca\uff1a<br>\u65f6\u95f4\u8de8\u5ea6\uff1a2009 \u5e74 1 \u6708 \u2013 2013 \u5e74 7 \u6708\u95f4\u603b\u5171 4.5 \u5e74\uff0c1153 \u4e2a\u4ea4\u6613\u65e5\u3002<\/p>\n\n\n\n<p><strong>\u5bf9\u8c61\uff1a<\/strong>SPDR \u6807\u666e 500 ETF \u57fa\u91d1\uff08\u4ee3\u7801 SPY \uff09\uff0c\u8ffd\u8e2a\u6807\u666e 500&nbsp;\u6307\u6570\uff0c\u662f\u5168\u7403\u7b2c\u4e00\u652f\u4e5f\u662f\u6700\u5927\u4e4b\u4e00\u7684ETF\u57fa\u91d1\uff0c\u53ef\u4ee5\u8ba4\u4e3a\u8f83\u597d\u5730\u53cd\u6620\u4e86\u7f8e\u56fd\u80a1\u5e02\u6574\u4f53\u884c\u60c5\u8d70\u52bf\u3002<em>SPY 2009 \u2013 2013 \u4e94\u5e74\u8d70\u52bf\uff1a<\/em><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn.bluelakecap.com\/wp-content\/uploads\/2019\/06\/frc-a847d0b4865b100be27630a0d70b33ab.png\" alt=\"\"\/><\/figure>\n\n\n\n<p><strong>\u7b56\u7565 B\uff1a<\/strong>\u9009\u53d6\u5168\u90e8 18 \u4e2a\u5b8f\u89c2\u7ecf\u6d4e\u6307\u6807\uff0c\u4f8b\u5982 GDP\uff08\u6bcf\u5b63\u5ea6\u6708\u5e95\u53d1\u5e03\uff09\uff0c\u6d88\u8d39\u8005\u4fe1\u5fc3\u6307\u6570\uff08\u6bcf\u6708\u5e95\u53d1\u5e03\uff09\uff0cPMI \u6307\u6570\uff08\u6bcf\u6708\u521d\uff09\uff0c\u6d88\u8d39\u8005\u7269\u4ef7\u6307\u6570\uff08\u6bcf\u6708\u5e95\uff09\uff0cISM \u5236\u9020\u4e1a\u6307\u6570\uff08\u6bcf\u6708 15 \u65e5\uff09\uff0c\u975e\u519c\u5c31\u4e1a\u4eba\u6570\uff0c\u65b0\u5c4b\u5f00\u5de5\u7387\uff0c\u51c0\u51fa\u53e3\u7b49\u3002<\/p>\n\n\n\n<p><strong>\u4e0b\u9762\u6211\u4eec\u7528\u5927\u767d\u8bdd\u6765\u89e3\u91ca\u4e00\u4e0b\u8fd9\u4e2a\u5b9e\u9a8c\u7ed3\u679c\uff1a<\/strong><\/p>\n\n\n\n<p>1.\u9996\u5148\u5047\u8bbe\u4f60\u662f\u4e00\u4e2a\u88ab\u52a8\u6295\u8d44\u8005\uff0c\u4e0d\u60f3\u8dd1\u8d62\u5927\u5e02\uff0c\u53ea\u60f3\u968f\u6ce2\u9010\u6d41\uff0c\u90a3\u4e48\u6295\u8d44 SPDR \u6807\u666e 500 ETF ( SPY )\u662f\u4f60\u6700\u597d\u7684\u9009\u62e9\uff08\u597d\u6bd4\u6caa\u6df1 300 \u6307\u6570\u57fa\u91d1\uff09\u3002 \u4e8b\u5b9e\u4e0a\u6700\u8fd1\u6709\u7814\u7a76\u79f0\u8fc7\u53bb\u4e00\u6ce2\u725b\u5e02\u5185ETF\u6574\u4f53\u6bd4\u4e3b\u52a8\u6295\u8d44\u57fa\u91d1\u83b7\u5f97\u4e86\u66f4\u9ad8\u7684\u56de\u62a5\u3002<\/p>\n\n\n\n<p>2.\u4f60\u6709\u4e24\u79cd\u7b56\u7565\uff1a<br> \u7b56\u7565 A\uff1a\u5728 2009 \u5e74\u521d\u4e70\u5165 SPY\uff0c\u4e00\u76f4\u6301\u6709\u5230 2013 \u5e74\u4e2d\u3002<br> \u7b56\u7565 B\uff1a\u5728 2009 \u2013 2013 \u5e74\u95f4\uff0c\u5728 18 \u4e2a\u6307\u6807\u7684\u6bcf\u4e00\u6b21\u516c\u5e03\u65e5\uff0c\u90fd\u5f53\u5929\u4e00\u65e9\u4e70\u5165\uff0c\u4f11\u5e02\u524d\u5356\u51fa\u3002<\/p>\n\n\n\n<p>3.Kensho \u7684\u56de\u6d4b\u7ed3\u679c\u8bc1\u660e\uff1a<br> \u7b56\u7565 B \u7684\u5e73\u5747\u65e5\u56de\u62a5\u6bd4\u7b56\u7565 A \u9ad8\u4e86 33%\u3002<br> \u7b56\u7565 A \u5728\u8fd9 4.5 \u5e74\u7684\u590d\u5408\u56de\u62a5\u662f 69%\uff0c\u7b56\u7565 B \u662f 86%\u3002<\/p>\n\n\n\n<p>\u54e6\uff0c\u591a\u4e48\u6d6e\u5938\u7684\u56de\u62a5\u7387<\/p>\n\n\n\n<p>\u522b\u5fd8\u4e86\uff0c\u5728\u8fd9 4.5 \u5e74\u7684 1153 \u4e2a\u4ea4\u6613\u65e5\u91cc\uff0c\u7b56\u7565 A \u4e0b\u4f60\u7684\u94b1\u4e00\u76f4\u653e\u5728\u57fa\u91d1\u91cc\uff0c\u4f46\u662f\u5728\u7b56\u7565 B \u4e0b\u4f60\u53ea\u6709 766 \u5929\u6301\u6709\u8fd9\u53ea\u57fa\u91d1\uff0c\u4e5f\u5c31\u662f\u8bf4\u5269\u4e0b\u7684\u65f6\u95f4\u91cc\u4f60\u62ff\u8fd9\u4e9b\u94b1\u53bb\u4e70\u70b9\u522b\u7684\u4f4e\u98ce\u9669\u7406\u8d22\u4ea7\u54c1\uff0c\u8fd8\u80fd\u8fdb\u4e00\u6b65\u63d0\u9ad8 B \u7684\u6536\u76ca\uff01\u4f60\u5927\u6982\u60f3\u8bf4\uff1a<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/cdn.bluelakecap.com\/wp-content\/uploads\/2019\/06\/frc-2b50a8c9fba1b37cd6d0b1902beb6b4d.gif\" alt=\"\"\/><figcaption>\u8fd9\u4e0d\u79d1\u5b66\uff01<\/figcaption><\/figure><\/div>\n\n\n\n<p>\u5728 2009 \u2013 2013 \u5e74\u95f4\uff0cSPY \u4e00\u76f4\u7a33\u6b65\u4e0a\u6da8\uff0c\u5728\u7b56\u7565 B \u4e0b\uff0c\u4f60\u6709 34%\u7684\u65f6\u95f4\u90fd\u4e0d\u5728\u5e02\u573a\u91cc\uff0c\u6700\u540e\u5c45\u7136\u8fd8\u8d5a\u5f97\u66f4\u591a\uff1f<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/cdn.bluelakecap.com\/wp-content\/uploads\/2019\/06\/frc-bc1e4cd8da3ee018059d1f109b7cfec9.jpeg\" alt=\"\"\/><\/figure><\/div>\n\n\n\n<p>\u66f4\u4f55\u51b5\uff0c\u7f8e\u56fd 2009 \u2013 2013 \u5e74\u95f4\u7684\u5b8f\u89c2\u7ecf\u6d4e\u6570\u636e\u672c\u8eab\u9664\u4e86 2009 \u2013 2010 \u5e74\u6709\u4e00\u4e2a\u5927\u7684\u56de\u8dc3\u5916\uff0c\u4e4b\u540e 3 \u5e74\u6574\u4f53\u6ce2\u52a8\u4e00\u76f4\u90fd\u4e0d\u5c0f\uff0c\u4e0b\u56fe\u4ee5 ISM \u5236\u9020\u4e1a\u6307\u6570\u4e3a\u4f8b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/cdn.bluelakecap.com\/wp-content\/uploads\/2019\/06\/frc-0550fe482c36213ea6e449be472d9f8f.jpeg\" alt=\"\"\/><\/figure>\n\n\n\n<p>\u5e38\u8bc6\u4e0b\uff0c\u5e94\u8be5\u662f\u4e0d\u53ca\u9884\u671f\u505a\u7a7a\uff0c\u8d85\u51fa\u9884\u671f\u505a\u591a\uff0c\u624d\u80fd\u8d5a\u94b1\u3002\u7136\u800c Kensho \u544a\u8bc9\u4f60\uff0c\u522b\u7ba1\u6570\u636e\u597d\u8fd8\u662f\u574f\uff0c\u516c\u5e03\u65e5\u5f53\u5929\u53ea\u7ba1\u4e70\u4e70\u4e70\uff0c\u6700\u540e\u8d5a\u7684\u94b1\u5c31\u662f\u66f4\u591a\uff1f<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" src=\"https:\/\/cdn.bluelakecap.com\/wp-content\/uploads\/2019\/06\/frc-8f83f48f087ed10bb1cdf10b7a8a136f.gif\" alt=\"\"\/><\/figure><\/div>\n\n\n\n<p>\u6240\u4ee5\u8bf4\uff0c\u6295\u8d44\u4e0d\u80fd\u9760\u7b3c\u7edf\u7684\u611f\u89c9\u3002Kensho \u56e2\u961f\u4e5f\u8bd5\u56fe\u5bf9\u8fd9\u4e2a\u7ed3\u679c\u505a\u51fa\u89e3\u91ca\uff0c<strong>\u53ef\u80fd\u7684\u539f\u56e0\u6709<\/strong>\uff1a<\/p>\n\n\n\n<ol class=\"wp-block-list\"><li>\u6bcf\u4e00\u6b21\u516c\u5e03\uff0c\u5bf9\u4e8e\u8d44\u672c\u5e02\u573a\u6765\u8bf4\u90fd\u662f\u4e00\u4e2a\u4e0d\u786e\u5b9a\u6027\u589e\u52a0\u7684\u4ea4\u6613\u65e5\uff0c\u56e0\u6b64\u5f53\u5929\u7684\u8d44\u4ea7\u4ef7\u683c\u4e0a\u4f1a\u6709\u98ce\u9669\u6ea2\u4ef7\u3002<\/li><li>\u5728 2009 \u2013 2013 \u5e74\u8fd9\u6bb5\u7279\u6b8a\u7684\u65f6\u671f\u91cc\uff0c\u90e8\u5206\u6295\u8d44\u8005\u53ef\u80fd\u4f1a\u6709\u201c\u53cd\u5411\u89c2\u70b9\u201d\uff0c\u5373\u7cdf\u7cd5\u7684\u7ecf\u6d4e\u6570\u636e\u53cd\u800c\u4f1a\u4fc3\u4f7f\u7f8e\u8054\u50a8\u7ee7\u7eed\u52a0\u5927\u7ecf\u6d4e\u523a\u6fc0\u529b\u5ea6\uff0c\u56e0\u6b64\u6570\u636e\u597d\u5bf9\u80a1\u5e02\u5229\u591a\uff0c\u6570\u636e\u4e0d\u597d\u4e5f\u53ef\u4ee5\u5bf9\u80a1\u5e02\u5229\u591a\u3002<\/li><\/ol>\n\n\n\n<p>\u5f53\u7136\u4f1a\u6709\u8bfb\u8005\u8d28\u7591\uff1a\u8fd9\u4e2a\u7814\u7a76\u91c7\u7528\u7684\u662f 2009 \u2013 2013 \u5e74\u95f4\u7684\u6570\u636e\uff0c\u6570\u636e\u91cf\u6bd4\u8f83\u5c11\u4e14\u5904\u4e8e\u4e00\u4e2a\u7279\u6b8a\u7684\u5927\u5468\u671f\u4e0b\u9762\u30022013 \u5e74\u540e\u7f8e\u8054\u50a8\u5f00\u59cb\u51c6\u5907\u9000\u51fa QE\uff0c2013 \u2013 2016 \u5e74\u95f4\u5e02\u573a\u60c5\u7eea\u662f\u5b8c\u5168\u4e0d\u540c\u7684\uff0c\u4ee5\u4e0a\u7684\u7ed3\u679c\u8fd8\u80fd\u9002\u7528\u5417\uff1f\u8fd9\u503c\u5f97\u6211\u4eec\u4e00\u8d77\u6765\u63a2\u8ba8\u3002<\/p>\n\n\n\n<p><strong>\u8fd9\u7bc7\u8bba\u6587\u8fd8\u5e26\u7ed9\u6211\u4eec\u53e6\u4e00\u4e2a\u542f\u793a\u3002<\/strong>\u4e00\u6bb5\u65f6\u95f4\u4ee5\u6765\uff0c\u884c\u4e1a\u6709\u4e00\u4e2a\u8ff7\u601d\uff1a\u9762\u5411 C \u7aef\u7684 Fintech\uff0c\u9664\u4e86\u5bf9\u8d44\u4ea7\u914d\u7f6e\u7406\u8bba\u7684\u5e94\u7528\u4ee5\u5916\uff0c\u5230\u5e95\u6709\u6ca1\u6709\u53ef\u80fd\u627e\u5230\u4e00\u4e9b\u7b80\u5355\u7684\u6295\u8d44\u7b56\u7565\u76f4\u63a5\u5f00\u653e\u7ed9\u666e\u901a\u7406\u8d22\u7528\u6237\u63d0\u9ad8\u6536\u76ca\u7387\uff1f\u4e5f\u5c31\u662f\u8bf4\uff0c\u91cf\u5316\u6295\u8d44\u8fd9\u4ef6\u4e8b\uff0c\u5230\u5e95\u80fd\u4e0d\u80fd\u5927\u4f17\u5316\uff1f\u8d28\u7591\u8005\u7ecf\u5e38\u8bf4\uff1a\u6709\u8fd9\u80fd\u529b\uff0c\u90fd\u81ea\u5df1\u53bb\u505a\u5bf9\u51b2\u57fa\u91d1\u4e86\u3002<\/p>\n\n\n\n<p><strong>\u8fd9\u7bc7\u8bba\u6587\u8fd8\u5e26\u7ed9\u6211\u4eec\u53e6\u4e00\u4e2a\u542f\u793a\u3002<\/strong><br> \u4e00\u6bb5\u65f6\u95f4\u4ee5\u6765\uff0c\u884c\u4e1a\u6709\u4e00\u4e2a\u8ff7\u601d\uff1a\u9762\u5411 C \u7aef\u7684 Fintech\uff0c\u9664\u4e86\u5bf9\u8d44\u4ea7\u914d\u7f6e\u7406\u8bba\u7684\u5e94\u7528\u4ee5\u5916\uff0c\u5230\u5e95\u6709\u6ca1\u6709\u53ef\u80fd\u627e\u5230\u4e00\u4e9b\u7b80\u5355\u7684\u6295\u8d44\u7b56\u7565\u76f4\u63a5\u5f00\u653e\u7ed9\u666e\u901a\u7406\u8d22\u7528\u6237\u63d0\u9ad8\u6536\u76ca\u7387\uff1f\u4e5f\u5c31\u662f\u8bf4\uff0c\u91cf\u5316\u6295\u8d44\u8fd9\u4ef6\u4e8b\uff0c\u5230\u5e95\u80fd\u4e0d\u80fd\u5927\u4f17\u5316\uff1f\u8d28\u7591\u8005\u7ecf\u5e38\u8bf4\uff1a\u6709\u8fd9\u80fd\u529b\uff0c\u90fd\u81ea\u5df1\u53bb\u505a\u5bf9\u51b2\u57fa\u91d1\u4e86\u3002<\/p>\n\n\n\n<p>\u800c\u4e0a\u6587\u5c31\u662f\u4e00\u4e2a\u5f88\u597d\u7684\u4f8b\u5b50\u3002\u5bf9\u51b2\u57fa\u91d1\u7684 LP \u4eec\u652f\u4ed8 2% \/ 20% \u7684\u7ba1\u7406\u8d39+\u5206\u6210\uff0c\u8ffd\u6c42\u7684\u662f\u8dd1\u8d62\u5e02\u573a\u7684\u9ad8\u6536\u76ca\uff0c\u53ef\u4e0d\u5e0c\u671b\u4f60\u61d2\u60f0\u5730\u628a\u94b1\u6254\u5728\u6807\u666e 500 ETF \u91cc\u3002\u76f8\u53cd\uff0c\u7b56\u7565 B \u662f\u5f88\u9002\u5408\u666e\u901a\u7406\u8d22\u7528\u6237\u7684\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>\u8be5\u7b56\u7565\u53ef\u81ea\u52a8\u5316\uff0c\u53ef\u590d\u5236\uff1b<\/li><li>\u8be5\u7b56\u7565\u5bf9\u8d44\u91d1\u4f53\u91cf\u6ca1\u6709\u8981\u6c42\uff0c\u5bf9\u6295\u8d44\u4eba\u4e5f\u5c31\u6ca1\u6709\u8d77\u6295\u95e8\u69db\uff1b<\/li><li>ETF \u53ef\u4ee5\u968f\u65f6\u4ea4\u6613\u8d4e\u56de\uff0c\u4e0d\u50cf\u5bf9\u51b2\u57fa\u91d1\u662f\u534a\u5c01\u95ed\u5f0f\u7684\uff1b<\/li><li>ETF \u7684\u624b\u7eed\u8d39\u5f88\u4f4e\uff1b<\/li><li>\u5bf9\u4e8e\u4e00\u4e2a\u957f\u671f\u6301\u6709\u6807\u666e 500 ETF \u7684\u88ab\u52a8\u6295\u8d44\u8005\uff0c\u8fd0\u7528\u8fd9\u79cd\u7b80\u5355\u7684\u7b56\u7565\u53ef\u4ee5\u5728\u4e0d\u6539\u53d8\u5176\u6295\u8d44\u6807\u7684\u7684\u57fa\u7840\u4e0a\uff0c\u4f7f\u6536\u76ca\u7387\u5f97\u5230\u4e0d\u5c11\u7684\u63d0\u5347\u3002<\/li><\/ul>\n\n\n\n<p>\u5728\u4e2d\u56fd\u7684\u91d1\u878d\u5e02\u573a\u91cc\uff0c\u6709\u6ca1\u6709\u53ef\u80fd\u6301\u7eed\u4e0d\u65ad\u5730\u627e\u5230\u7c7b\u4f3c\u7684\u7b56\u7565\u5462\uff1f\u53e6\u5916\uff0c\u5728\u4fdd\u62a4\u7b56\u7565\u4e0d\u56e0\u516c\u5f00\u800c\u5bfc\u81f4\u5931\u6548\uff0c\u548c\u5bf9\u7528\u6237\u4fe1\u606f\u900f\u660e\u5316\u4e4b\u95f4\uff0c\u5982\u4f55\u53d6\u5f97\u5e73\u8861\uff1f\u671f\u5f85\u521b\u4e1a\u8005\u7ed9\u6211\u4eec\u7b54\u6848\u3002<\/p>\n\n\n\n<p>\u84dd\u6e56\u8d44\u672c\u957f\u671f\u5173\u6ce8\u91d1\u878d\u65b9\u5411\u7684\u98ce\u9669\u6295\u8d44\u673a\u4f1a\u3002\u53ea\u8981\u4f60\u591f Fin\uff0c\u4e0d\u7ba1 tech \u4e0d tech\uff0c\u90fd\u6b22\u8fce\u4ea4\u6d41\u3002<\/p>\n\n\n\n<p class=\"has-small-font-size\"><strong>\u539f\u8bba\u6587\u4f5c\u8005\u4ecb\u7ecd<\/strong><br> Daniel Nadler\uff0cKensho \u521b\u59cb\u4eba\u3002Stanford \u91d1\u878d\u6280\u672fDirector of Research\uff0c\u7f8e\u8054\u50a8\u8bbf\u95ee\u5b66\u8005\uff0c\u54c8\u4f5b\u5927\u5b66\u535a\u58eb\u3002<\/p>\n\n\n\n<p class=\"has-small-font-size\">Alec Schmidt\uff0cKensho \u9996\u5e2d\u79d1\u5b66\u5bb6\u3002NYU \u5de5\u5b66\u9662\u517c\u804c\u6559\u6388\uff0cStevens Institute of Technology \u91d1\u878d\u5de5\u7a0b\u5b66\u9662\u517c\u804c\u6559\u6388\u3002\u7814\u7a76\u65b9\u5411\uff1a\u91d1\u878d\u5e02\u573a\u6a21\u578b\uff0c\u5e02\u573a\u5fae\u89c2\u7ed3\u6784\u548c\u52a8\u6001\uff0c\u91cf\u5316\u6295\u8d44\u7406\u8bba\u548c\u7b97\u6cd5\u4ea4\u6613\u3002<\/p>\n\n\n\n<p class=\"has-small-font-size\">Kensho\uff0c\u6210\u7acb\u4e8e 2013 \u5e74\u3002\u65b0\u4e00\u4ee3\u667a\u80fd\u6295\u7814\u5de5\u5177\uff0c\u5f3a\u5927\u7684\u6570\u636e\u641c\u5bfb\/\u96c6\u6210\/\u5206\u6790\u80fd\u529b\uff0c\u57fa\u4e8e\u81ea\u7136\u8bed\u8a00\u641c\u7d22\u7684\u4ea4\u4e92\u9875\u9762\uff0c\u5e2e\u52a9\u6295\u8d44\u8005\u66f4\u9ad8\u6548\u5730\u8fdb\u884c\u6570\u636e\u5206\u6790\u548c\u7b56\u7565\u5f00\u53d1\u3002\u5148\u540e\u83b7\u5f97\u5171 USD 58mn \u878d\u8d44\uff0c\u6765\u81ea Goldman Sachs\uff0cCNBC\uff0cGoogle Ventures \u7b49\u3002<\/p>\n\n\n\n<p class=\"has-small-font-size\"><strong>\u539f\u8bba\u6587\u51fa\u5904<\/strong><br> Nadler, Daniel and Schmidt, Anatoly B., Market Impact of Macroeconomic Announcements: Do Surprises Matter? (July 29, 2015). <br> Available at SSRN: <br> http:\/\/ssrn.com\/abstract=2449796 http:\/\/dx.doi.org\/10.2139\/ssrn.2449796<\/p>\n\n\n\n<p class=\"has-small-font-size\">Nadler, Daniel and Schmidt, Anatoly B., Impact of Macroeconomic Announcements on US Equity Prices: 2009-2013 (February 6, 2014). Journal of Forecasting 35, pp.34-42 (2016). <br>\nAvailable at SSRN: <br>\nhttp:\/\/ssrn.com\/abstract=2364077 <br>\nhttp:\/\/dx.doi.org\/10.2139\/ssrn.2364077<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u672c\u6587\u4e2d\u6211\u4eec\u5c06\u8ba8\u8bba\uff1a\u2013Fintech \u516c\u53f8 Kensho \u5982\u4f55\u53d1\u73b0\u201c\u53cd\u5e38\u8bc6\u201d\u5e02\u573a\u89c4\u5f8b\uff1a\u4e0d\u7ba1\u7ecf\u6d4e\u6307\u6807\u516c\u5e03\u51fa\u6765\u662f\u597d\u662f\u574f\uff0c\u516c\u5e03\u65e5\u5f53\u5929\u4e70\u5356\uff0c\u603b\u6bd4\u4e00\u76f4\u6301\u6709\u8d5a\u5f97\u591a\uff1f\u2013\u91cf\u5316\u6295\u8d44\u5927\u4f17\u5316\u8fd9\u4ef6\u4e8b\u5230\u5e95\u9760\u4e0d\u9760\u8c31\uff1f \u5bf9\u4e8e\u91d1\u878d\u8fd9\u4e2a\u5f00\u653e\u3001\u6a21\u7cca\u3001\u5e9e\u6742\u7684\u6df7\u6c8c\u7cfb\u7edf\uff0c\u91cf\u5316\u5206\u6790\u5efa\u6a21\u5728\u5b9e\u9645\u64cd\u4f5c\u4e2d\u4f55\u5176\u96be\u4e5f\uff0c\u7279\u522b\u662f\u52a0\u5165\u4e86\u66f4\u591a\u7ef4\u5ea6\u7684\u6570\u636e\u4ee5\u540e\uff0c\u4e00\u4e0d\u5c0f\u5fc3\u5c31\u8e0f\u5165\u4e0d\u53ef\u77e5\u8bba\u7684\u6df1\u6e0a\u3002\u4e0d\u8fc7\u4e5f\u6b63\u662f\u56e0\u4e3a\u8fd9\u4e00\u70b9\uff0c\u673a\u5668\u5bf9\u4eba\u8111\u8fb9\u754c\u7684\u62d3\u5c55\u663e\u5f97\u5c24\u4e3a\u91cd\u8981\u3002 \u5982\u4f55\u7528\u6570\u636e\u5206\u6790\u9a71\u52a8\u53d1\u73b0\u65b0\u7684\u6295\u8d44\u7b56\u7565\uff1f\u627e\u5230\u4e00\u4e2a\u6709\u8da3\u7684\u4f8b\u5b50\u4e0e\u5927\u5bb6\u5206\u4eab\uff1a \u8fd9\u51e0\u5e74\u95f4\uff0c\u7f8e\u56fd\u6bcf\u4e00\u6b21\u5b8f\u89c2\u7ecf\u6d4e\u6570\u636e\uff08 ISM \u6307\u6570\uff0c\u975e\u519c\u5c31\u4e1a\u7b49\uff09\u7684\u53d1\u5e03\uff0c\u90fd\u7275\u52a8\u7740\u5168\u7403\u91d1\u878d\u6c11\u5de5\u7684\u795e\u7ecf\uff0c\u4e00\u6b21\u8d85\u9884\u671f\uff0c\u4e00\u6b21\u4e0d\u53ca\u9884\u671f\uff0c\u65e0\u8bba\u662f\u5916\u6c47\uff0c\u5927\u5b97\uff0c\u503a\u5238\uff0c\u8fd8\u662f\u80a1\u5e02\u90fd\u8981\u8ddf\u7740\u6296\u4e09\u6296\u3002\u800c\u521a\u8fc7\u53bb\u7684\u90a3\u4e2a\u9ed1\u8272\u661f\u671f\u4e94\uff0c\u4e5f\u5c31\u4e0d\u63d0\u4e86\u7f62\u3002 \u4e8c\u7ea7\u6295\u8d44\u72d7\u4eec\u9762\u4e34 2 \u4e2a\u547d\u9898\uff1a 1. &nbsp; &nbsp;\u53d1\u5e03\u65e5\u524d\uff1a\u57fa\u672c\u9762\u5206\u6790\uff0c\u8d8b\u52bf\u9884\u5224 \u6709\u4eba\u4f1a\u60f3\u5230\u201c\u7528\u5927\u6570\u636e\u7684\u65b9\u6cd5\u9884\u6d4b\u5b8f\u89c2\u7ecf\u6d4e\u6307\u6807\u201d\u3002Well,good luck\uff01 2. &nbsp; &nbsp;\u53d1\u5e03\u65e5\u540e\uff1a\u5bf9\u51b2\/\u5229\u7528\u77ed\u671f\u5e02\u573a\u6ce2\u52a8 \u4e00\u65e6\u6307\u6807\u4e0d\u53ca\u6216\u8d85\u51fa\u9884\u671f\uff0c\u5728\u8d44\u4ea7\u4ef7\u683c\u76f8\u5e94\u8c03\u6574\u7684\u57fa\u7840\u4e0a\uff0c\u8fd8\u4f1a\u7d2f\u52a0\u4e00\u5c42\u5e02\u573a\u60c5\u7eea\u5e26\u6765\u7684\u9707\u8361\u3002\u4e00\u822c\u6295\u8d44\u8005\u5e0c\u671b\u5bf9\u51b2\u6ce2\u52a8\uff0c\u77ed\u7ebf\u6280\u672f\u6d41\u5219\u968f\u673a\u5e94\u53d8\u3002 Kensho \u56e2\u961f\u5219\u4ece\u4e2d\u53d1\u73b0\u4e86\u4e00\u4e2a\u53e6\u7c7b\u89c4\u5f8b\u3002\u4ed6\u4eec\u6d17\u5237\u5237\u4e86\u4e00\u5806\u6570\u636e\uff0c\u5f97\u5230\u7684\u662f\u4ee5\u4e0b\u6709\u8da3\u7684\u7ed3\u679c\uff1a \u6ce8\u91ca\uff1a\u65f6\u95f4\u8de8\u5ea6\uff1a2009 \u5e74 1 \u6708 \u2013 2013 \u5e74 7 \u6708\u95f4\u603b\u5171 4.5 \u5e74\uff0c1153 \u4e2a\u4ea4\u6613\u65e5\u3002 \u5bf9\u8c61\uff1aSPDR \u6807\u666e 500 ETF \u57fa\u91d1\uff08\u4ee3\u7801 SPY \uff09\uff0c\u8ffd\u8e2a\u6807\u666e 500&nbsp;\u6307\u6570\uff0c\u662f\u5168\u7403\u7b2c\u4e00\u652f\u4e5f\u662f\u6700\u5927\u4e4b\u4e00\u7684ETF\u57fa\u91d1\uff0c\u53ef\u4ee5\u8ba4\u4e3a\u8f83\u597d\u5730\u53cd\u6620\u4e86\u7f8e\u56fd\u80a1\u5e02\u6574\u4f53\u884c\u60c5\u8d70\u52bf\u3002SPY 2009 \u2013 2013 \u4e94\u5e74\u8d70\u52bf\uff1a \u7b56\u7565 B\uff1a\u9009\u53d6\u5168\u90e8 18 \u4e2a\u5b8f\u89c2\u7ecf\u6d4e\u6307\u6807\uff0c\u4f8b\u5982 GDP\uff08\u6bcf\u5b63\u5ea6\u6708\u5e95\u53d1\u5e03\uff09\uff0c\u6d88\u8d39\u8005\u4fe1\u5fc3\u6307\u6570\uff08\u6bcf\u6708\u5e95\u53d1\u5e03\uff09\uff0cPMI \u6307\u6570\uff08\u6bcf\u6708\u521d\uff09\uff0c\u6d88\u8d39\u8005\u7269\u4ef7\u6307\u6570\uff08\u6bcf\u6708\u5e95\uff09\uff0cISM \u5236\u9020\u4e1a\u6307\u6570\uff08\u6bcf\u6708 15 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2605,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[32],"tags":[],"class_list":["post-2838","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lakeside-chat"],"acf":[],"yoast_head":"<title>\u5b9e\u6218\u8ba8\u8bba\uff1a\u91cf\u5316\u6295\u8d44\u53ef\u4ee5\u5927\u4f17\u5316\u5417\uff1f - \u84dd\u6e56\u8d44\u672c<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bluelakecap.com\/en\/news\/lakeside-chat\/2838.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"\u5b9e\u6218\u8ba8\u8bba\uff1a\u91cf\u5316\u6295\u8d44\u53ef\u4ee5\u5927\u4f17\u5316\u5417\uff1f 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