{"id":779276,"date":"2026-05-14T10:40:42","date_gmt":"2026-05-14T02:40:42","guid":{"rendered":"https:\/\/www.alphaseek.cn\/?p=779276"},"modified":"2026-05-14T10:40:42","modified_gmt":"2026-05-14T02:40:42","slug":"%e6%b2%83%e4%bb%80%e5%8d%b3%e5%b0%86%e6%8e%8c%e8%88%b5%e7%be%8e%e8%81%94%e5%82%a8-%e8%83%bd%e5%90%a6%e6%8e%a5%e4%bd%8f%e4%ba%94%e5%a4%a7%e6%8c%91%e6%88%98%ef%bc%9f%e4%b8%80%e6%96%87","status":"publish","type":"post","link":"https:\/\/www.alphaseek.cn\/?p=779276","title":{"rendered":"\u6c83\u4ec0\u5373\u5c06\u201c\u638c\u8235\u201d\u7f8e\u8054\u50a8 \u80fd\u5426\u63a5\u4f4f\u4e94\u5927\u6311\u6218\uff1f\u4e00\u6587\u8bfb\u61c2"},"content":{"rendered":"<p>\u7f8e\u4e1c\u65f6\u95f4\u5468\u4e09\uff0813\u65e5\uff09\uff0c<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%be%8e%e5%9b%bd\" title=\"View all posts in \u7f8e\u56fd\" target=\"_blank\" class=\"tag_link\">\u7f8e\u56fd<\/a>\u53c2\u8bae\u9662\u6b63\u5f0f\u786e\u8ba4\uff0c\u51ef\u6587\u00b7\u6c83\u4ec0\u5c06\u63a5\u66ff\u9c8d\u5a01\u5c14\u51fa\u4efb\u7f8e\u56fd\u8054\u90a6\u50a8\u5907\u59d4\u5458\u4f1a\u4e0b\u4e00\u4efb\u4e3b\u5e2d\uff0c\u4efb\u671f4\u5e74\u3002<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%be%8e%e8%81%94%e5%82%a8\" title=\"View all posts in \u7f8e\u8054\u50a8\" target=\"_blank\" class=\"tag_link\">\u7f8e\u8054\u50a8<\/a>\u73b0\u4efb\u4e3b\u5e2d\u9c8d\u5a01\u5c14\u7684\u4efb\u671f\u5c06\u4e8e5\u670815\u65e5\u5230\u671f\u3002<\/p>\n<p>\u6c83\u4ec0\u66fe\u57282006\u5e74\u81f32011\u5e74\u62c5\u4efb\u7f8e\u8054\u50a8\u7406\u4e8b\uff0c\u662f\u7f8e\u8054\u50a8\u5386\u53f2\u4e0a\u6700\u5e74\u8f7b\u7684\u7406\u4e8b\u3002\u4ed6\u660e\u786e\u8868\u793a\uff0c\u4ed6\u5e0c\u671b\u8d70\u4e00\u6761\u4e0e\u4ee5\u5f80\u7f8e\u8054\u50a8\u4e3b\u5e2d\u4e0d\u540c\u7684\u9053\u8def\uff0c\u547c\u5401\u7f8e\u8054\u50a8\u8fdb\u884c\u201c\u4f53\u5236\u53d8\u9769\u201d\u3002<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%8d%8e%e5%b0%94%e8%a1%97\" title=\"View all posts in \u534e\u5c14\u8857\" target=\"_blank\" class=\"tag_link\">\u534e\u5c14\u8857<\/a>\u3001\u653f\u754c\u548c\u5546\u754c\u90fd\u5c06\u5bc6\u5207\u5173\u6ce8\u4ed6\u5982\u4f55\u5e94\u5bf9\u653f\u6cbb\u538b\u529b\uff0c\u4ee5\u53ca\u4ed6\u80fd\u5426\u8bf4\u670d\u540c\u4e8b\u652f\u6301\u4ed6\u6240\u8981\u65bd\u884c\u7684\u91cd\u5927\u6539\u9769\u3002<\/p>\n<p><span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/106.CM\" data-code=\"106,CM\" rel=\"noopener\">\u52a0\u62ff\u5927\u5e1d\u56fd\u5546\u4e1a\u94f6\u884c<\/a><\/span><span><\/span>\u8d44\u672c\u5e02\u573a\uff08CIBC Capital Markets\uff09\u9996\u5e2d\u7ecf\u6d4e\u5b66\u5bb6Avery Shenfeld\u8868\u793a\uff0c\u6c83\u4ec0\u201c\u53ea\u6709\u4e00\u7968\u201d\uff0c\u65e0\u8bba\u7f8e\u8054\u50a8\u505a\u51fa\u4ec0\u4e48\u51b3\u5b9a\uff0c\u90fd\u5fc5\u987b\u8ba9\u591a\u6570\u59d4\u5458\u53c2\u4e0e\u8fdb\u6765\u3002<\/p>\n<p>\u6839\u636e\u534e\u5c14\u8857\u5206\u6790\u5e08\u7684\u4e3b\u6d41\u89c2\u70b9\uff0c\u6c83\u4ec0\u4e0a\u4efb\u540e\u5c06\u7acb\u5373\u9762\u4e34\u4ee5\u4e0b\u4e94\u5927\u6311\u6218\uff1a<\/p>\n<p><strong>1.\u6c83\u4ec0\u548c\u7f8e\u8054\u50a8\u7684\u72ec\u7acb\u6027\u5c06\u9762\u4e34\u51e0\u4e4e\u8feb\u5728\u7709\u776b\u7684\u8003\u9a8c\u3002<\/strong><\/p>\n<p>\u7ecf\u6d4e\u5b66\u5bb6\u4eec\u8ba4\u4e3a\u6c83\u4ec0\u7684\u5f00\u5c40\u4f1a\u5f88\u8270\u96be\u3002\u5e02\u573a\u5c06\u5bc6\u5207\u5173\u6ce8\u6c83\u4ec0\u80fd\u5426\u572811\u6708\u5173\u952e\u7684\u4e2d\u671f\u9009\u4e3e\u524d\u5236\u5b9a\u51fa\u4e0e\u603b\u7edf\u610f\u613f\u4e0d\u540c\u7684\u653f\u7b56\u8def\u7ebf\u3002<\/p>\n<p>\u201c\u4ed6\u4ece\u4e0a\u4efb\u7b2c\u4e00\u5929\u8d77\u5c31\u4f1a\u9762\u4e34\u8003\u9a8c\uff0c\u201dShenfeld\u8bf4\uff1a\u201c<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e7%89%b9%e6%9c%97%e6%99%ae\" title=\"View all posts in \u7279\u6717\u666e\" target=\"_blank\" class=\"tag_link\">\u7279\u6717\u666e<\/a>\u5e0c\u671b\u7acb\u5373<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e9%99%8d%e6%81%af\" title=\"View all posts in \u964d\u606f\" target=\"_blank\" class=\"tag_link\">\u964d\u606f<\/a>\uff0c\u800c\u6c83\u4ec0\u77ed\u671f\u5185\u4e0d\u592a\u53ef\u80fd\u6295\u7968\u652f\u6301\u964d\u606f\u3002\u201d<\/p>\n<p>\u6c83\u4ec0\u7684\u524d\u540c\u4e8bRandall Kroszner\u5219\u8868\u793a\uff0c\u6c83\u4ec0\u5df2\u7ecf\u4e60\u60ef\u4e86\u6279\u8bc4\uff0c\u4e0d\u4f1a\u88ab\u5413\u5012\u3002<\/p>\n<p>\u201c\u5728\u5168\u7403<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e9%87%91%e8%9e%8d%e5%8d%b1%e6%9c%ba\" title=\"View all posts in \u91d1\u878d\u5371\u673a\" target=\"_blank\" class=\"tag_link\">\u91d1\u878d\u5371\u673a<\/a>\u671f\u95f4\uff0c\u7f8e\u8054\u50a8\u627f\u53d7\u7740\u5de8\u5927\u7684\u538b\u529b\u2014\u2014\u4ed6\u4eec\u5e94\u8be5\u505a\u4ec0\u4e48\uff0c\u4e0d\u5e94\u8be5\u505a\u4ec0\u4e48\u3002\u65e2\u6709\u76f4\u63a5\u7684\u6279\u8bc4\uff0c\u4e5f\u6709\u6765\u81ea\u5e55\u540e\u7684\u6307\u8d23\u3002\u201d\u4ed6\u8865\u5145\u9053\u3002<\/p>\n<p>\u4e0e\u6b64\u540c\u65f6\uff0c\u5728\u8fc7\u53bb\u4e5d\u4e2a\u6708\u91cc\uff0c\u7f8e\u8054\u50a8\u516c\u5f00\u5e02\u573a\u59d4\u5458\u4f1a\uff08FOMC\uff09\u4e5f\u8868\u73b0\u51fa\u4e86\u66f4\u5927\u7684\u72ec\u7acb\u6027\uff0c\u4e00\u81f4\u901a\u8fc7\u7684\u51b3\u5b9a\u4e5f\u8d8a\u6765\u8d8a\u5c11\u3002\u5c31\u5728\u51e0\u4e2a\u6708\u524d\uff0c\u4eba\u4eec\u8fd8\u8ba4\u4e3a\u7f8e\u8054\u50a8\u4eca\u5e74\u53ef\u80fd\u4f1a\u964d\u606f\u4e00\u5230\u4e24\u6b21\uff0c\u4ee5\u4fbf\u8ba9\u6c83\u4ec0\u6709\u4e00\u6bb5\u65f6\u95f4\u7684\u201c\u871c\u6708\u671f\u201d\u3002\u4f46\u7531\u4e8e\u4f0a\u6717\u6218\u4e89\u5bfc\u81f4\u8fd1\u671f<span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/105.QCOM\" data-code=\"105,QCOM\" rel=\"noopener\">\u9ad8\u901a<\/a><\/span><span><\/span>\u80c0\uff0c\u5176\u964d\u606f\u4e4b\u8def\u52bf\u5fc5\u53d7\u963b\u3002<\/p>\n<p>\u66f4\u7cdf\u7cd5\u7684\u662f\uff0c\u636e\u534e\u5c14\u8857\u8001\u5c06\u3001<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e6%8a%95%e8%b5%84\" title=\"View all posts in \u6295\u8d44\" target=\"_blank\" class=\"tag_link\">\u6295\u8d44<\/a>\u54a8\u8be2\u516c\u53f8Yardeni Research\u521b\u59cb\u4eba\u57c3\u5fb7\u00b7\u4e9a\u5fb7\u5c3c\uff08Ed Yardeni\uff09\u5728\u7ed9\u5ba2\u6237\u7684\u4e00\u4efd\u62a5\u544a\u4e2d\u79f0\uff0c\u7f8e\u8054\u50a8\u5185\u90e8\u7684\u4e89\u8bba\u7126\u70b9\u5728\u4e8e\u6c83\u4ec0\u80fd\u5426\u963b\u6b62<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%a4%ae%e8%a1%8c\" title=\"View all posts in \u592e\u884c\" target=\"_blank\" class=\"tag_link\">\u592e\u884c<\/a>\u8d70\u5411<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e5%8a%a0%e6%81%af\" title=\"View all posts in \u52a0\u606f\" target=\"_blank\" class=\"tag_link\">\u52a0\u606f<\/a>\u800c\u4e0d\u662f\u964d\u606f\u3002<\/p>\n<p><strong>2.\u6c83\u4ec0\u652f\u6301\u964d\u606f\u7684\u4e3b\u8981\u8bba\u70b9\u6b63\u9762\u4e34\u8d8a\u6765\u8d8a\u591a\u7684\u8d28\u7591\u3002<\/strong><\/p>\n<p>\u6c83\u4ec0\u5728\u6f14\u8bb2\u548c\u91c7\u8bbf\u4e2d\u660e\u786e\u8868\u793a\uff0c\u4ed6\u8ba4\u4e3a\u6211\u4eec\u6b63\u5904\u4e8e\u7ecf\u6d4e\u201c<span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/90.BK1617\" data-code=\"90,BK1617\" rel=\"noopener\">\u9ec4\u91d1<\/a><\/span><span><\/span>\u65f6\u4ee3\u201d\u7684\u5f00\u7aef\uff0c<span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/90.BK0800\" data-code=\"90,BK0800\" rel=\"noopener\">\u4eba\u5de5\u667a\u80fd<\/a><\/span><span><\/span>\u6b63\u5728\u63d0\u9ad8\u751f\u4ea7\u529b\u548c\u4fc3\u8fdb\u7ecf\u6d4e\u589e\u957f\uff0c\u5e76\u964d\u4f4e\u4f01\u4e1a\u6210\u672c\u3002\u4ed6\u8868\u793a\uff0c\u5c3d\u7ba1<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e9%80%9a%e8%83%80\" title=\"View all posts in \u901a\u80c0\" target=\"_blank\" class=\"tag_link\">\u901a\u80c0<\/a>\u7387\u9ad8\u4e8e\u7f8e\u8054\u50a82%\u7684\u76ee\u6807\uff0c\u4f46\u4e0a\u8ff0\u79cd\u79cd\u56e0\u7d20\u8db3\u4ee5\u8bc1\u660e\u964d\u606f\u7684\u5408\u7406\u6027\u3002\u5176\u89c2\u70b9\u4e0e\u767d\u5bab\u7ecf\u6d4e\u56e2\u961f\u4e0d\u8c0b\u800c\u5408\u3002<\/p>\n<p>\u4e0d\u8fc7\uff0c\u6c83\u4ec0\u81f3\u4eca\u5c1a\u672a\u900f\u9732\u4ed6\u8ba4\u4e3a\u4eca\u5e74\u964d\u606f\u51e0\u6b21\u624d\u5408\u9002\u3002\u4f46\u6839\u636e\u201c\u7279\u6717\u666e\u4eb2\u4fe1\u201d\u3001\u7f8e\u8054\u50a8\u7406\u4e8b\u65af\u8482\u82ac\u00b7\u7c73\u5170\u7684\u8bf4\u6cd5\uff0c\u751f\u4ea7\u7387\u7684\u63d0\u9ad8\u610f\u5473\u7740\u4eca\u5e74\u9700\u8981\u964d\u606f\u56db\u6b21\u3002<\/p>\n<p><span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/106.BAC\" data-code=\"106,BAC\" rel=\"noopener\">\u7f8e\u56fd\u94f6\u884c<\/a><\/span><span><\/span>\u524d\u9996\u5e2d\u7ecf\u6d4e\u5b66\u5bb6Ethan Harris\u6700\u65b0\u53d1\u5e16\u79f0\uff0c\u7f8e\u8054\u50a8\u5b98\u5458\u663e\u7136\u4e0d\u8ba4\u540c\u201c<span web=\"1\"  target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/90.BK1617\" data-code=\"90,BK1617\"><a href=\"https:\/\/www.alphaseek.cn\/?tag=%e9%bb%84%e9%87%91\" title=\"View all posts in \u9ec4\u91d1\" target=\"_blank\" class=\"tag_link\">\u9ec4\u91d1<\/a><\/span>\u65f6\u4ee3\u8bba\u201d\u3002\u7c73\u5170\u547c\u5401\u5927\u5e45\u964d\u606f\uff0c\u4f46\u5e76\u672a\u5f97\u5230\u5176\u4ed6\u7f8e\u8054\u50a8\u5b98\u5458\u7684\u652f\u6301\u3002\u6362\u53e5\u8bdd\u8bf4\uff0c\u6c83\u4ec0\u7684\u964d\u606f\u4e3b\u5f20\u4e5f\u53ef\u80fd\u906d\u9047\u540c\u6837\u7684\u963b\u529b\u3002<\/p>\n<p>\u7f8e\u56fd\u524d<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e8%b4%a2%e6%94%bf%e9%83%a8\" title=\"View all posts in \u8d22\u653f\u90e8\" target=\"_blank\" class=\"tag_link\">\u8d22\u653f\u90e8<\/a>\u957f\u3001\u524d\u7f8e\u8054\u50a8\u4e3b\u5e2d\u73cd\u59ae\u7279\u00b7\u8036\u4f26\u672c\u5468\u4e5f\u5728\u4e00\u7bc7\u6587\u7ae0\u4e2d\u6279\u8bc4\u9053\uff0c\u6c83\u4ec0\u53ea\u5173\u6ce8\u4e86<span web=\"1\"  target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/90.BK0800\" data-code=\"90,BK0800\"><a href=\"https:\/\/www.alphaseek.cn\/?tag=%e4%ba%ba%e5%b7%a5%e6%99%ba%e8%83%bd\" title=\"View all posts in \u4eba\u5de5\u667a\u80fd\" target=\"_blank\" class=\"tag_link\">\u4eba\u5de5\u667a\u80fd<\/a><\/span>\u7e41\u8363\u7684\u4e00\u9762\u3002<\/p>\n<p>\u8036\u4f26\u548c\u66fe\u5728\u62dc\u767b\u653f\u5e9c\u65f6\u671f\u62c5\u4efb\u767d\u5bab\u7ecf\u6d4e\u987e\u95ee\u59d4\u5458\u4f1a\u4e3b\u5e2d\u7684\u8d3e\u91cc\u5fb7\u00b7\u4f2f\u6069\u65af\u5766\u90fd\u6307\u51fa\uff0c<span web=\"1\"  target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/90.BK0800\" data-code=\"90,BK0800\">\u4eba\u5de5\u667a\u80fd<\/span>\u7684\u53e6\u4e00\u9762\u662f\uff0c\u5b83\u5c06\u523a\u6fc0\u4f01\u4e1a\u6295\u8d44\u548c\u6d88\u8d39\u652f\u51fa\u7684\u589e\u52a0\uff0c\u800c\u8fd9\u4e24\u8005\u90fd\u4f1a\u63a8<span web=\"1\"  target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/105.QCOM\" data-code=\"105,QCOM\"><a href=\"https:\/\/www.alphaseek.cn\/?tag=%e9%ab%98%e9%80%9a\" title=\"View all posts in \u9ad8\u901a\" target=\"_blank\" class=\"tag_link\">\u9ad8\u901a<\/a><\/span>\u80c0\uff0c\u4ece\u800c\u62b5\u6d88\u964d\u606f\u7684\u5fc5\u8981\u6027\u3002<\/p>\n<p><strong>3.\u4e0e\u5e02\u573a\u7684\u5173\u7cfb\u5e76\u4e0d\u7a33\u5b9a\uff08\u81f3\u5c11\u5728\u521d\u671f\u662f\u8fd9\u6837\uff09\u3002<\/strong><\/p>\n<p>TS Lombard\u5168\u7403\u5b8f\u89c2\u8463\u4e8b\u603b\u7ecf\u7406Dario Perkins\u8868\u793a\uff0c\u534e\u5c14\u8857\u4e00\u76f4\u6d41\u4f20\u7740\u8fd9\u6837\u4e00\u79cd\u8bf4\u6cd5\uff1a\u5e02\u573a\u5c06\u901a\u8fc7\u5927\u5e45\u4e0b\u8dcc\u6765\u201c\u6d4b\u8bd5\u201d\u65b0\u4efb\u4e3b\u5e2d\u3002<\/p>\n<p><span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/106.BCS\" data-code=\"106,BCS\" rel=\"noopener\">\u5df4\u514b\u83b1<\/a><\/span><span><\/span><span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/90.BK1283\" data-code=\"90,BK1283\" rel=\"noopener\">\u94f6\u884c<\/a><\/span><span><\/span>\u7ecf\u6d4e\u5b66\u5bb6\u56e2\u961f\u63f4\u5f15\u6700\u65b0\u7814\u7a76\u6570\u636e\u6307\u51fa\uff0c\u7f8e\u8054\u50a8\u65b0\u4efb\u4e3b\u5e2d\u901a\u5e38\u4f1a\u5728\u4e0a\u4efb\u540e\u7684\u524d\u516d\u4e2a\u6708\u5185\u53d7\u5230\u4e00\u5b9a\u7a0b\u5ea6\u7684\u201c\u8003\u9a8c\u201d\uff0c\u5373\u80a1\u7968\u4ef7\u683c\u4e0b\u8dcc\u3002\u81ea1930\u5e74\u4ee5\u6765\uff0c\u7f8e\u56fd\u80a1\u5e02\u4f1a\u5728\u7f8e\u8054\u50a8\u4e3b\u5e2d\u4e0a\u4efb\u540e\u7684\u4e00\u4e2a\u6708\u5185\u5e73\u5747\u4e0b\u8dcc5%\uff0c\u4e09\u4e2a\u6708\u5185\u5e73\u5747\u4e0b\u8dcc12%\u3002<\/p>\n<p><span web=\"1\"  target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/106.BCS\" data-code=\"106,BCS\">\u5df4\u514b\u83b1<\/span>\u5f3a\u8c03\uff0c\u201c\u8fd9\u4e0d\u4f1a\u5728\u65b0\u4efb\u547d\u4eba\u5458\u6b63\u5f0f\u4e0a\u4efb\u4e4b\u524d\u53d1\u751f\u2026\u2026\u5982\u679c\u5386\u53f2\u53ef\u4ee5\u4f5c\u4e3a\u53c2\u8003\uff0c\u771f\u6b63\u7684\u8003\u9a8c\u66f4\u6709\u53ef\u80fd\u5728\u4e94\u6708\u4e4b\u540e\u5230\u6765\u3002\u201d<\/p>\n<p>Perkins\u5219\u8ba4\u4e3a\u5e94\u8be5\u53cd\u8fc7\u6765\u601d\u8003\uff0c\u5373\u65b0\u4efb\u7f8e\u8054\u50a8\u4e3b\u5e2d\u5e94\u8be5\u901a\u8fc7\u5021\u5bfc\u6bd4\u9884\u671f\u66f4\u7d27\u7f29\u7684\u653f\u7b56\u6765\u8bd5\u63a2\u5e02\u573a\uff0c\u4ece\u800c\u5efa\u7acb\u4fe1\u8a89\u3002\u4ed6\u6307\u51fa\uff0c\u6700\u8457\u540d\u7684\u4f8b\u5b50\u662f1987\u5e7410\u6708\u7684\u201c\u9ed1\u8272\u661f\u671f\u4e00\u201d\u80a1\u5e02\u5d29\u76d8\u4e8b\u4ef6\uff0c\u5f53\u65f6\u683c\u6797\u65af\u6f58\u51fa\u4eba\u610f\u6599\u5730\u63d0\u9ad8\u4e86\u5229\u7387\u3002\u767d\u5bab\u4efb\u547d\u683c\u6797\u65af\u6f58\u662f\u56e0\u4e3a\u4ed6\u4eec\u8ba4\u4e3a\u4ed6\u4f1a\u652f\u6301\u5bbd\u677e\u7684\u653f\u7b56\u3002<\/p>\n<p>\u201c\u5982\u679c\u6c83\u4ec0\u91c7\u53d6\u4e0e\u683c\u6797\u65af\u6f58\u7c7b\u4f3c\u7684\u505a\u6cd5\uff0c\u5e02\u573a\u80af\u5b9a\u4e0d\u4f1a\u63a5\u53d7\u3002\u4f46\u8003\u8651\u5230\u5f53\u524d\u7684\u901a\u80c0\u5f62\u52bf\uff0c\u8fd9\u4e48\u505a\u4e5f\u5e76\u975e\u5b8c\u5168\u6ca1\u6709\u9053\u7406\u3002\u201d\u4ed6\u8865\u5145\u9053\u3002<\/p>\n<p><strong>4.\u6c83\u4ec0\u6240\u5bfb\u6c42\u7684\u53d8\u9769\uff0c\u5b9e\u73b0\u8d77\u6765\u5c06\u56f0\u96be\u91cd\u91cd\u3002<\/strong><\/p>\n<p><span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/106.MS\" data-code=\"106,MS\" rel=\"noopener\">\u6469\u6839\u58eb\u4e39\u5229<\/a><\/span><span><\/span>\u9996\u5e2d\u7f8e\u56fd\u7ecf\u6d4e\u5b66\u5bb6Michael Gapen\u5728\u6700\u8fd1\u63a5\u53d7\u91c7\u8bbf\u65f6\u8868\u793a\uff0c\u6c83\u4ec0\u5bf9\u7f8e\u8054\u50a8\u7684\u4e24\u5927\u62b1\u6028\u662f\uff0c\u7f8e\u8054\u50a8\u5728\u91d1\u878d\u5e02\u573a\u7684\u5f71\u54cd\u529b\u201c\u592a\u5927\u201d\uff0c\u800c\u4e14\u201c\u8bdd\u592a\u591a\u201d\u3002<\/p>\n<p>\u603b\u5f97\u6765\u8bf4\uff0c\u9664\u4e86\u964d\u606f\u4e4b\u5916\uff0c\u6c83\u4ec0\u7684\u53e6\u4e00\u5927\u653f\u7b56\u4e3b\u5f20\u5c31\u662f\u7f29\u8868\u3002\u9664\u4e86\u6b64\u524d\u7684<span web=\"1\"  target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/105.QCOM\" data-code=\"105,QCOM\">\u9ad8\u901a<\/span>\u80c0\uff0c\u6c83\u4ec0\u8fd8\u628a\u7f8e\u56fd\u793e\u4f1a\u7684\u5206\u5316\u4e5f\u5f52\u548e\u4e8e\u7f8e\u8054\u50a8\u8d44\u4ea7\u8d1f\u503a\u8868\u7684\u6269\u5f20\u3002<\/p>\n<p>\u6c83\u4ec0\u5728\u542c\u8bc1\u4f1a\u4e0a\u8868\u793a\uff1a\u201c\u6211\u8ba4\u4e3a\uff0c\u5bf9\u4e8e\u2018\u62e5\u6709\u91d1<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e8%9e%8d%e8%b5%84\" title=\"View all posts in \u878d\u8d44\" target=\"_blank\" class=\"tag_link\">\u878d\u8d44<\/a>\u4ea7\u8005\u2019\u4e0e\u2018\u672a\u62e5\u6709\u91d1\u878d\u8d44\u4ea7\u8005\u2019\u4e4b\u95f4\u51fa\u73b0\u7684\u8fd9\u79cd\u5206\u5316\uff0c\u7f8e\u8054\u50a8\u96be\u8f9e\u5176\u548e\u3002\u6bd5\u7adf\uff0c\u7f8e\u8054\u50a8\u7684\u8d44\u4ea7\u8d1f\u503a\u8868\u5df2\u4ece2006\u5e74\u76848000\u4ebf\u7f8e\u5143\u6c34\u5e73\uff0c\u81a8\u80c0\u5230\u4e86\u5982\u4eca\u9ad8\u51fa\u4e00\u4e2a\u6570\u91cf\u7ea7\u7684\u89c4\u6a21\u3002\u201d<\/p>\n<p>\u4f46\u5206\u6790\u6307\u51fa\uff0c\u77ed\u671f\u5185\uff0c\u6c83\u4ec0\u60f3\u8981\u63a8\u52a8\u7f29\u8868\u4ecd\u8981\u9762\u4e34\u6765\u81ea\u91d1\u878d\u6d41\u52a8\u6027\u548c\u5e02\u573a\u52a8\u8361\uff0c\u751a\u81f3\u662f\u7279\u6717\u666e\u4e2d\u671f\u9009\u4e3e\u538b\u529b\u7684\u7ea6\u675f\uff0c\u9700\u8981\u5148\u653e\u677e\u91d1\u878d\u76d1\u7ba1\uff0c\u8ba9<span web=\"1\"  target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/90.BK1283\" data-code=\"90,BK1283\">\u94f6\u884c<\/span>\u53ef\u4ee5\u66f4\u591a\u6301\u6709\u7f8e\u503a\uff0c\u56e0\u6b64\u77ed\u671f\u5185\u96be\u4ee5\u5b9e\u73b0\u3002\u60e0\u8a89\u8bc4\u7ea7\u7684\u7ecf\u6d4e\u5b66\u5bb6\u8868\u793a\uff0c\u7f29\u8868\u5b58\u5728<a href=\"https:\/\/www.alphaseek.cn\/?tag=%e9%a3%8e%e9%99%a9\" title=\"View all posts in \u98ce\u9669\" target=\"_blank\" class=\"tag_link\">\u98ce\u9669<\/a>\uff0c\u7f8e\u8054\u50a8\u4e0d\u4f1a\u8fc5\u901f\u91c7\u53d6\u884c\u52a8\u3002<\/p>\n<p>\u56e0\u6b64\uff0c\u76f8\u5bf9\u4e8e\u964d\u606f\u548c\u7f29\u8868\uff0c\u5bf9\u6c83\u4ec0\u800c\u8a00\uff0c\u201c\u5c11\u8bf4\u8bdd\u201d\u53ef\u80fd\u662f\u5f53\u4e0b\u963b\u529b\u6700\u5c0f\u7684\u2014\u2014\u4e0d\u4f1a\u50cf\u9c8d\u5a01\u5c14\u4e00\u6837\u5728\u8bae\u606f\u4f1a\u8bae\u540e\u53ec\u5f00\u65b0\u95fb\u53d1\u5e03\u4f1a\uff0c\u751a\u81f3\u53ef\u80fd\u53d6\u6d88\u201c\u70b9\u9635\u56fe\u201d\u7684\u53d1\u5e03\u3002<\/p>\n<p><strong>5.\u4e0e\u4ed6\u66fe\u6279\u8bc4\u8fc7\u7684\u4eba\u5171\u4e8b\u3002<\/strong><\/p>\n<p>\u4e8b\u5b9e\u4e0a\uff0c\u81ea\u79bb\u5f00\u7f8e\u8054\u50a8\u4ee5\u6765\uff0c\u6c83\u4ec0\u4e00\u76f4\u5bf9\u7f8e\u8054\u50a8\u6301\u6279\u8bc4\u6001\u5ea6\u3002\u8fd9\u6216\u8bb8\u6709\u52a9\u4e8e\u4ed6\u88ab\u7279\u6717\u666e\u9009\u4e2d\u62c5\u4efb\u7f8e\u8054\u50a8\u4e3b\u5e2d\uff0c\u4f46\u4e5f\u53ef\u80fd\u4f7f\u4ed6\u5728\u7f8e\u8054\u50a8\u7684\u9886\u5bfc\u5de5\u4f5c\u66f4\u52a0\u8270\u96be\u3002<\/p>\n<p>\u7f8e\u8054\u50a8\u524d\u526f\u4e3b\u5e2dDonald Kohn\u5728\u4e00\u5c01<span><a target=\"_blank\" href=\"http:\/\/quote.eastmoney.com\/unify\/r\/90.BK1201\" data-code=\"90,BK1201\" rel=\"noopener\">\u7535\u5b50<\/a><\/span><span><\/span>\u90ae\u4ef6\u4e2d\u6307\u51fa\uff0c\u6c83\u4ec0\u81ea2011\u5e74\u4ee5\u6765\u5bf9\u7f8e\u8054\u50a8\u7684\u6279\u8bc4\u4e00\u76f4\u5e26\u6709\u201c\u5c16\u523b\u7684\u8bed\u6c14\u201d\u3002\u73b0\u5728\uff0c\u6c83\u4ec0\u5c06\u518d\u6b21\u8eab\u5904\u5176\u4e2d\uff0c\u4e0e\u4ed6\u66fe\u7ecf\u75db\u65a5\u8fc7\u7684\u4eba\u4e00\u8d77\u5de5\u4f5c\u3002<\/p>\n<p>\u201c\u4ed6\u6df1\u77e5\u81ea\u5df1\u9700\u8981\u8fd0\u7528\u9ad8\u8d85\u7684\u6280\u80fd\uff0c\u6536\u96c6\u8bc1\u636e\u5e76\u8fdb\u884c\u5206\u6790\uff0c\u4ee5\u652f\u6301\u4ed6\u5e0c\u671b\u63a8\u884c\u7684\u653f\u7b56\u65b9\u5411\u3002\u6211\u5e0c\u671b\u8fd9\u4e00\u8fc7\u7a0b\u80fd\u4e3a\u7f8e\u56fd\u7ecf\u6d4e\u5e26\u6765\u826f\u597d\u7684\u7ed3\u679c\u3002\u201dKohn\u5199\u9053\u3002<\/p>\n<p><a target=\"_blank\" href=\"https:\/\/acttg.eastmoney.com\/pub\/xxlout_khmbdfcfappnew_random_0007467a\" rel=\"noopener\"><img src=\"https:\/\/np-newspic.dfcfw.com\/download\/D25518233225753939051_w690h180.jpg\" alt=\"\u6c83\u4ec0\u5373\u5c06\u201c\u638c\u8235\u201d\u7f8e\u8054\u50a8 \u80fd\u5426\u63a5\u4f4f\u4e94\u5927\u6311\u6218\uff1f\u4e00\u6587\u8bfb\u61c2\" style=\" display:block; margin-left:auto; margin-right:auto; \" \/><\/a><\/p>\n<p>(\u6765\u6e90:\u5929\u5929\u57fa\u91d1\u7f51)<\/p>\n<h3>\u4e1c\u8d22\u56fe\u89e3\u00b7\u52a0\u70b9\u5e72\u8d27<\/h3>\n<p><center><img src=\"https:\/\/np-newspic.dfcfw.com\/download\/D25075810001590740011_w1136h1895_o.jpg\" width=\"580\" emheight=\"967\" alt=\"\u6c83\u4ec0\u5373\u5c06\u201c\u638c\u8235\u201d\u7f8e\u8054\u50a8 \u80fd\u5426\u63a5\u4f4f\u4e94\u5927\u6311\u6218\uff1f\u4e00\u6587\u8bfb\u61c2\" style=\" display:block; margin-left:auto; margin-right:auto; \" \/><\/center><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u7f8e\u4e1c\u65f6\u95f4\u5468\u4e09\uff0813\u65e5\uff09\uff0c\u7f8e\u56fd\u53c2\u8bae\u9662\u6b63\u5f0f\u786e\u8ba4\uff0c\u51ef\u6587\u00b7\u6c83\u4ec0\u5c06\u63a5\u66ff\u9c8d\u5a01\u5c14\u51fa\u4efb\u7f8e\u56fd\u8054\u90a6\u50a8\u5907\u59d4\u5458\u4f1a\u4e0b\u4e00\u4efb\u4e3b\u5e2d\uff0c\u4efb\u671f4\u5e74\u3002 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[232],"tags":[148,96,142,43,241,161,79,367,97,144,184,42,41,385,192,303,51],"views":28,"_links":{"self":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/779276"}],"collection":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=779276"}],"version-history":[{"count":0,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/779276\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=779276"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=779276"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=779276"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}