[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"content-doc-dciod298c2a0":3},{"user":4,"document":8,"mainDocument":28,"columnUrl":30,"subscription":31,"footer":43,"text":78},{"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":24,"videoId":6,"liveVideoUrl":6,"duration":25,"price":25,"priceText":26,"priceBadgeText":26,"priceBadgeClass":27,"freeForMinGroupLevel":25,"redirectUrl":6,"readyToStream":5},"dciod298c2a0","美股科技股正遭美国对冲基金创纪录做空","\u002Fdoc\u002Fdciod298c2a0","col18178739ee","美股资讯","\u002Fcol\u002Fcol18178739ee","\u003Cp>美股在经历最近1个月的强劲反弹后，美国对冲基金正在创纪录地做空美国科技股。野村警告，目前美股估值已经恢复至今年1月高位，没有新驱动因素如美联储降息，科技股或难以继续上涨。\u003C\u002Fp>\n\u003Cp>COT数据显示，在纳斯达克指数5月6日至13日强劲反弹期间，对冲基金增加了大量空头头寸。空头卖出高达111亿美元，而多头买入仅42亿美元，使得净头寸总体下降69亿美元。\u003C\u002Fp>\n\u003Cp>具体来看，对冲基金净卖出73亿美元，其中包括94亿美元的新增空头。其他类别投资者如资产管理人和非报告投资者分别净买入9.4亿美元和3亿美元。\u003C\u002Fp>\n\u003Cp>高盛交易员Robert Quinn强调，过去3个COT报告中，对冲基金空头头寸激增约250亿美元——这是至少过去10年来最大规模。另一个惊人数据是，对冲基金空头作为总持仓比例已达到41%——自2021年2月以来的最高水平。\u003C\u002Fp>\n\u003Cp>伴随对冲基金大举做空，美股科技股似乎短期见顶。\u003C\u002Fp>\n\u003Cp>野村在5月19日的报告中表示，美国科技股已经恢复到中国AI冲击前的水平，并开始接近1月创下的高点。\u003C\u002Fp>\n\u003Cp>分析师强调，美国和日本股价已经反弹并超过经济复苏时期平均水平，P\u002FE比率分别为21.5倍和14.7倍。特别是美国科技股则已回到了关税冲突前的水平，并开始接近1月中国AI震荡前创下的高点。如果没有新的驱动因素，如技术投资进一步加速或美联储降息，股价不太可能继续上涨。\u003C\u002Fp>\n\u003Cp>美联储降息预期存在差距\u003C\u002Fp>\n\u003Cp>值得注意的是，尽管科技股反弹强劲，但市场对美联储降息的预期已大幅下降。\u003C\u002Fp>\n\u003Cp>目前市场预期7月降息概率约为40%，全年降息约60个基点，这与特朗普关税\"暂停\"前的预期相比已大幅减少。\u003C\u002Fp>\n\u003Cp>野村认为，在达成美中协议后，市场关注点可能转向：1）企业活动恢复；2）美联储降息。\u003C\u002Fp>\n\u003Cp>此前据商务部消息，中美经贸高层会谈取得实质性进展，大幅降低双边关税水平，美方取消了共计91%的加征关税，中方相应取消了91%的反制关税；美方暂停实施24%的“对等关税”，中方也相应暂停实施24%的反制关税。\u003C\u002Fp>\n\u003Cp>但分析师警告，目前尚难以确认企业活动正在恢复，美中协议后，现行关税税率或保持不变，企业活动最早可能要到秋季才能恢复。\u003C\u002Fp>\n\u003Cp>更具讽刺意味的是，在所谓\"聪明钱\"加大做空的同时，散户投资者正以创纪录的速度买入每一次回调。散户投资者正成为市场上最坚定的多头力量。\u003C\u002Fp>","https:\u002F\u002Fstockwebsiteblob.blob.core.windows.net\u002Fweb-202505-stk\u002FUploader15tu2fxmroj_2025_05_21_10_40_49.jpg","2025-05-21T17:35:48.56","2025.05.21","2025\u002F05\u002F21",60045,[22,23],"COT","NASDAQ","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":29,"hidden":5,"isSubContent":5,"replyDocOrTargetId":6,"contentType":24,"videoId":6,"liveVideoUrl":6,"duration":25,"price":25,"priceText":26,"priceBadgeText":26,"priceBadgeClass":27,"freeForMinGroupLevel":25,"redirectUrl":6,"readyToStream":5},[22,23],"\u002Fcol\u002Fstocknews",{"visible":5,"marketingHtml":32,"services":33,"recentDocuments":42},"\u003Cfigure 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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":79,"search":80,"searchPlaceholder":80,"hotContent":81,"draft":82,"noData":83,"searchNoData":84,"edit":85,"editVideo":86,"courseContent":87,"more":88,"buyNow":89,"subscribeNow":90,"encoding":91,"paidContent":92},"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"]