[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dcio20630888":3},{"user":4,"document":8,"mainDocument":27,"columnUrl":29,"subscription":30,"footer":42,"text":77},{"isAuthenticated":5,"isAdmin":5,"displayName":6,"avatarUrl":6,"nid":6,"groupLevel":7},false,"",-10,{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":21,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},"dcio20630888","美股投资者正以创纪录速度买入美股ETF","\u002Fdoc\u002Fdcio20630888","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: DengXian;\">美股投资者正以创纪录的速度涌入美股\u003C\u002Fspan>ETF\u003Cspan style=\"font-family: DengXian;\">：\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">1.\u003Cstrong>\u003Cspan style=\"font-family: DengXian;\">自\u003C\u002Fspan>3\u003C\u002Fstrong>\u003Cstrong>\u003Cspan style=\"font-family: DengXian;\">月底低点以来，已有超过\u003C\u002Fspan>1000\u003C\u002Fstrong>\u003Cstrong>\u003Cspan style=\"font-family: DengXian;\">亿美元流入股票\u003C\u002Fspan> ETF\u003C\u002Fstrong>”\u003Cspan style=\"font-family: DengXian;\">。图中最右侧用红框标注的\u003C\u002Fspan> 2026 \u003Cspan style=\"font-family: DengXian;\">年\u003C\u002Fspan> 4 \u003Cspan style=\"font-family: DengXian;\">月数据，显示日均资金流入量达到了惊人的\u003C\u002Fspan>\u003Cstrong>74.74\u003C\u002Fstrong>\u003Cstrong>\u003Cspan style=\"font-family: DengXian;\">亿美元\u003C\u002Fspan>\u003C\u002Fstrong>\u003Cspan style=\"font-family: DengXian;\">，这是图表统计周期内的历史最高峰，远超以往任何年份或月份。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: DengXian;\">\u003Cimg src=\"\u002Fimages\u002FYear\u002F2026\u002F03\u002FSTOCK-ETF.jpg\" width=\"755\" height=\"496\" alt=\"STOCK-ETF\" style=\"display: block; margin-left: auto; margin-right: auto;\" \u002F>\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cstrong>2. \u003C\u002Fstrong>\u003Cstrong>\u003Cspan style=\"font-family: DengXian;\">情绪反转：从\u003C\u002Fspan>“\u003C\u002Fstrong>\u003Cstrong>\u003Cspan style=\"font-family: DengXian;\">克制\u003C\u002Fspan>”\u003C\u002Fstrong>\u003Cstrong>\u003Cspan style=\"font-family: DengXian;\">到\u003C\u002Fspan>“\u003C\u002Fstrong>\u003Cstrong>\u003Cspan style=\"font-family: DengXian;\">疯狂买入\u003C\u002Fspan>”\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: DengXian;\">图表中对\u003C\u002Fspan> 2026 \u003Cspan style=\"font-family: DengXian;\">年\u003C\u002Fspan> 3 \u003Cspan style=\"font-family: DengXian;\">月和\u003C\u002Fspan> 4 \u003Cspan style=\"font-family: DengXian;\">月的对比给出了明确的批注：\u003C\u002Fspan>\u003Cstrong>\"If March was about restraint, April is about re-engaging.\"\u003C\u002Fstrong>\u003Cstrong>\u003Cspan style=\"font-family: DengXian;\">（如果说\u003C\u002Fspan>3\u003C\u002Fstrong>\u003Cstrong>\u003Cspan style=\"font-family: DengXian;\">月份是\u003C\u002Fspan>“\u003C\u002Fstrong>\u003Cstrong>\u003Cspan style=\"font-family: DengXian;\">克制\u003C\u002Fspan>”\u003C\u002Fstrong>\u003Cstrong>\u003Cspan style=\"font-family: DengXian;\">，那么\u003C\u002Fspan>4\u003C\u002Fstrong>\u003Cstrong>\u003Cspan style=\"font-family: DengXian;\">月份就是\u003C\u002Fspan>“\u003C\u002Fstrong>\u003Cstrong>\u003Cspan style=\"font-family: DengXian;\">重新入场\u003C\u002Fspan>\u002F\u003C\u002Fstrong>\u003Cstrong>\u003Cspan style=\"font-family: DengXian;\">大举买入\u003C\u002Fspan>”\u003C\u002Fstrong>\u003Cstrong>\u003Cspan style=\"font-family: DengXian;\">。）\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cul style=\"margin-top: 0in;\">\r\n\u003Cli>\u003Cspan style=\"font-size: large;\">\u003Cstrong>3\u003C\u002Fstrong>\u003Cstrong>\u003Cspan style=\"font-family: DengXian;\">月低谷：\u003C\u002Fspan>\u003C\u002Fstrong>\u003Cspan style=\"font-family: DengXian;\">资金流入骤降至日均\u003C\u002Fspan> 29.5 \u003Cspan style=\"font-family: DengXian;\">亿美元，说明市场当时处于观望、避险或回调阶段。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fli>\r\n\u003Cli>\u003Cspan style=\"font-size: large;\">\u003Cstrong>4\u003C\u002Fstrong>\u003Cstrong>\u003Cspan style=\"font-family: DengXian;\">月狂飙：\u003C\u002Fspan>\u003C\u002Fstrong>\u003Cspan style=\"font-family: DengXian;\">随后资金出现报复性反弹，日均流入翻了一倍多，显示出极其强烈看涨情绪甚至\u003C\u002Fspan>“\u003Cspan style=\"font-family: DengXian;\">踏空焦虑\u003C\u002Fspan>”\u003Cspan style=\"font-family: DengXian;\">（\u003C\u002Fspan>FOMO\u003Cspan style=\"font-family: DengXian;\">），大量资金正急不可耐地重返股市。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fli>\r\n\u003C\u002Ful>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cstrong>3. \u003C\u002Fstrong>\u003Cstrong>\u003Cspan style=\"font-family: DengXian;\">历史纵向对比：资金量级跨越式增长\u003C\u002Fspan>\u003C\u002Fstrong>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-family: DengXian; font-size: large;\">通过回顾左侧的历史年份柱状图，可以看出当前市场的热度有多么夸张：\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cul style=\"margin-top: 0in;\">\r\n\u003Cli>\u003Cspan style=\"font-size: large;\">\u003Cstrong>\u003Cspan style=\"font-family: DengXian;\">温和期（\u003C\u002Fspan>2013-2020\u003C\u002Fstrong>\u003Cstrong>\u003Cspan style=\"font-family: DengXian;\">）：\u003C\u002Fspan>\u003C\u002Fstrong>\u003Cspan style=\"font-family: DengXian;\">过去很长一段时间，日均资金流入大多在\u003C\u002Fspan> 7\u003Cspan style=\"font-family: DengXian;\">亿至\u003C\u002Fspan> 13 \u003Cspan style=\"font-family: DengXian;\">亿美元之间徘徊。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fli>\r\n\u003Cli>\u003Cspan style=\"font-size: large;\">\u003Cstrong>\u003Cspan style=\"font-family: DengXian;\">抬升期（\u003C\u002Fspan>2021-2025\u003C\u002Fstrong>\u003Cstrong>\u003Cspan style=\"font-family: DengXian;\">）：\u003C\u002Fspan>\u003C\u002Fstrong>\u003Cspan style=\"font-family: DengXian;\">从\u003C\u002Fspan>2021\u003Cspan style=\"font-family: DengXian;\">年开始，市场资金体量上了一个台阶，\u003C\u002Fspan>2024\u003Cspan style=\"font-family: DengXian;\">年和\u003C\u002Fspan>2025\u003Cspan style=\"font-family: DengXian;\">年的日均流入量稳定在\u003C\u002Fspan> 30\u003Cspan style=\"font-family: DengXian;\">亿至\u003C\u002Fspan> 36 \u003Cspan style=\"font-family: DengXian;\">亿美元左右。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fli>\r\n\u003Cli>\u003Cspan style=\"font-size: large;\">\u003Cstrong>\u003Cspan style=\"font-family: DengXian;\">亢奋期（\u003C\u002Fspan>2026\u003C\u002Fstrong>\u003Cstrong>\u003Cspan style=\"font-family: DengXian;\">年初至今）：\u003C\u002Fspan>\u003C\u002Fstrong>\u003Cspan style=\"font-family: DengXian;\">进入\u003C\u002Fspan> 2026 \u003Cspan style=\"font-family: DengXian;\">年，仅\u003C\u002Fspan> 1 \u003Cspan style=\"font-family: DengXian;\">月（\u003C\u002Fspan>51.78\u003Cspan style=\"font-family: DengXian;\">亿美元）和\u003C\u002Fspan> 2 \u003Cspan style=\"font-family: DengXian;\">月（\u003C\u002Fspan>57.13\u003Cspan style=\"font-family: DengXian;\">亿美元）的表现就已经远超前几年全年平均水平，而\u003C\u002Fspan> 4 \u003Cspan style=\"font-family: DengXian;\">月份更是直接突破天际。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fli>\r\n\u003C\u002Ful>\r\n\u003Cp>\u003Cspan style=\"font-family: DengXian; font-size: large;\">根据美股投资网获悉，高盛数据\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">1. Gross leverage has come in meaningfully as macro shorts hedges have been aggressively covered. Last week’s notional US de-grossing activity was the largest in 7 months (Sep ’25)\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">1. \u003Cspan style=\"font-family: DengXian;\">随着宏观空头对冲头寸被激进平仓，总杠杆率已显著下降。上周美国名义去杠杆活动规模创下\u003C\u002Fspan>7\u003Cspan style=\"font-family: DengXian;\">个月（自\u003C\u002Fspan>2025\u003Cspan style=\"font-family: DengXian;\">年\u003C\u002Fspan>9\u003Cspan style=\"font-family: DengXian;\">月）以来新高。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">2. Our April Month end pension rebalance estimate is now >$25b of US equities for sale\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">2. \u003Cspan style=\"font-family: DengXian;\">我们对\u003C\u002Fspan> 4 \u003Cspan style=\"font-family: DengXian;\">月底养老金调仓的估算目前为卖出超过\u003C\u002Fspan> 250 \u003Cspan style=\"font-family: DengXian;\">亿美元的美股\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">3. CTA community is now long $32b S&P 500 after buying $23b last week and $53b over the last month\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">3. CTA \u003Cspan style=\"font-family: DengXian;\">社区在上周买入\u003C\u002Fspan> 230 \u003Cspan style=\"font-family: DengXian;\">亿美元、过去一个月买入\u003C\u002Fspan> 530 \u003Cspan style=\"font-family: DengXian;\">亿美元后，目前持有\u003C\u002Fspan> 320 \u003Cspan style=\"font-family: DengXian;\">亿美元的标准普尔\u003C\u002Fspan> 500 \u003Cspan style=\"font-family: DengXian;\">指数多头头寸\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">4. S&P Market Breadth remains very poor\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">4. \u003Cspan style=\"font-family: DengXian;\">标准普尔\u003C\u002Fspan> 500 \u003Cspan style=\"font-family: DengXian;\">指数的市场广度依然非常糟糕\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">5. US Sentiment & investor positioning is now stretched\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">5. \u003Cspan style=\"font-family: DengXian;\">美国市场情绪和投资者仓位目前已处于过度扩张状态\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp>\u003Cspan style=\"font-size: large;\">\u003Cspan style=\"font-family: DengXian;\">美股投资网\u003C\u002Fspan>\u003Cspan style=\"font-family: DengXian;\">是一家专门研究美国股票的金融科技公司，成立于美国硅谷，由前纽约证券交易所分析师\u003C\u002Fspan>Ken\u003Cspan style=\"font-family: DengXian;\">创立，核心团队汇聚了来自摩根士丹利的分析师以及谷歌、\u003C\u002Fspan>Meta \u003Cspan style=\"font-family: DengXian;\">的工程师，融合\u003C\u002Fspan> AI \u003Cspan style=\"font-family: DengXian;\">与大数据技术，并结合十多年美股实战经验和业内量化交易模型，打造出领先的美股智能监控数据库：美股大数据\u003C\u002Fspan>https:\u002F\u002FStockWe.com\u002F\u003Cspan style=\"font-family: DengXian;\">，平台每日处理千万级股票数据：实时追踪机构主力资金流向、挖掘潜力大牛股、捕捉期权异动大单，监控机构持仓变化、特朗普突发新闻，把精准买卖信号第一时间发到您手机。\u003C\u002Fspan>\u003C\u002Fspan>\u003C\u002Fp>\r\n\u003Cp> \u003C\u002Fp>","https:\u002F\u002Fwww.tradesmax.com\u002Fimages\u002Fa_Stock\u002FS\u002FSPY\u002FSPY.jpg","2026-04-28T17:34:16","2026.04.28","2026\u002F04\u002F28",46461,[22],"SPY","Article",0,"免费","success",{"id":9,"fullTitle":10,"subTitle":6,"url":11,"columnId":12,"columnName":13,"columnUrl":14,"summary":6,"contentHtml":15,"mainContentHtml":6,"posterUrl":16,"createDate":17,"displayDate":18,"displayDateSlash":19,"pageviews":20,"tags":28,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":23,"videoId":6,"liveVideoUrl":6,"duration":24,"price":24,"priceText":25,"priceBadgeText":25,"priceBadgeClass":26,"freeForMinGroupLevel":24,"redirectUrl":6,"readyToStream":5},[22],"\u002Fcol\u002Fstocknews",{"visible":5,"marketingHtml":31,"services":32,"recentDocuments":41},"\u003Cfigure class=\"image\">\u003Ca href=\"https:\u002F\u002Fstockwe.com\u002Fdoc\u002Fdcio537efad5\" target=\"_blank\" rel=\"noopener noreferrer\">\u003Cimg style=\"display:block;margin-left:auto;margin-right:auto;\" src=\"https:\u002F\u002Fstockwewebfiles.blob.core.windows.net\u002Fweb-202408-stk\u002F1586109431mceclip0.jpg\">\u003C\u002Fa>\u003C\u002Ffigure>\u003Cdiv class=\"text-center\">\u003Ch2 class=\"card-title mx-auto\">\u003Cbr>\u003Ca target=\"_blank\" rel=\"noopener noreferrer\" href=\"https:\u002F\u002Fstockwe.com\u002Fdoc\u002Fdcio537efad5\">案例介绍：英伟达深度研究报告\u003C\u002Fa>\u003C\u002Fh2>\u003C\u002Fdiv>",[33,37],{"productId":34,"serviceName":35,"priceText":36},"prod_PPxdDdK87QaiLv","月付","$12.95美元",{"productId":38,"serviceName":39,"priceText":40},"prod_PPxeMs3bix1da5","年付","$149.00美元",[],{"links":43,"images":68,"summaryHtml":73,"aboutTitle":74,"aboutHtml":75,"copyrightHtml":76},[44,47,50,53,56,59,62,65],{"label":45,"url":46},"深度报告","\u002Fcol\u002FdepthReport",{"label":48,"url":49},"VIP会员","\u002Fplan",{"label":51,"url":52},"期权推荐","\u002FOption",{"label":54,"url":55},"低价暴涨股","\u002FPenny",{"label":57,"url":58},"常见问题","https:\u002F\u002Fstockwe.com\u002FFAQ",{"label":60,"url":61},"美股课程","\u002Fcol\u002Fvideos",{"label":63,"url":64},"免责声明","\u002Fdisclaimer",{"label":66,"url":67},"联系我们","\u002FContactUs",[69,70,71,72],"https:\u002F\u002Fstockwebsiteblob.blob.core.windows.net\u002Fweb-202509-stk\u002FUploaderzic2tuwsol2_2025_09_11_18_21_07.gif","https:\u002F\u002Fstockwebsiteblob.blob.core.windows.net\u002Fweb-202509-stk\u002FUploadercakzdvydksw_2025_09_03_09_00_56.png","https:\u002F\u002Fstockwebsiteblob.blob.core.windows.net\u002Fweb-202509-stk\u002FUploadergtjyagwvoyk_2025_09_14_08_32_05.png","https:\u002F\u002Fstockwebsiteblob.blob.core.windows.net\u002Fweb-202509-stk\u002FUploader3u0tt4jhlqh_2025_09_23_22_30_48.png","邮箱: buy@TradesMax.com 美国电话 626-378-3637","公司介绍","\u003Cp class=\"MsoNormal\">美股大数据 StockWe.com 是一个美国领先的金融和美股信息大数据提供商，紧盯华尔街金融市场和行情，2008年成立于美国硅谷，创始人是前纽约证券交易所资深分析师Ken，联合多位摩根斯坦利分析师，谷歌 Meta工程师利用AI和大数据，配合十多年美股实战经验和业内量化交易模型，每天处理千万级股票数据：挖掘潜力大牛股，捕捉期权异动大单，实时主力资金流向、机构持仓变化、川普突发新闻，精准买卖信号第一时间发到您手机APP。\u003C\u002Fp>","专业美股投资者都在这里",{"loading":78,"search":79,"searchPlaceholder":79,"hotContent":80,"draft":81,"noData":82,"searchNoData":83,"edit":84,"editVideo":85,"courseContent":86,"more":87,"buyNow":88,"subscribeNow":89,"encoding":90,"paidContent":91},"Loading...","搜索","热门内容","草稿","目前没有任何内容公布","当前检索内容没有数据","编辑","编辑视频","课程内容","更多","立即购买后观看","- 立即订阅 -","视频编码中...","付费内容"]