长按即可参与 A股 早盘行情还是很有韧劲的。三大 指数 低开高走，截至午盘， 沪指 涨0.24%，深成指涨0.56%，创业板指涨0.61%，北证50指数涨6.88%。全市场半日成 交额11217亿元，较上日放量786亿元。全市场超2600只个股上涨。 板块题材上，军工、农业、半导体板块涨幅居前；cro概念、旅游及酒店、电力板块跌幅居前。 01 央行！国家队！央国企！平准 基金！ 社保基金多方天量资金护盘 在A股市场面临异常波动的关键时刻，中国金融决策层以"史上最快速度、最大规模、最多部门联动"打出了一套史诗级救市组合拳： 1. 央行+汇金，无限子弹注入强信心 中国人民银行和中央汇金公司重磅发声。 中央汇金明确了自己是资本市场上的"国家队"，发挥着类"平准基金"作用。汇金公司有关负责人表示，将继续发挥好资本市场"稳定器"作用，有效 平抑市场异常波动，该出手时将果断出手；下一步，汇金公司将坚定增持各类市场风格的ETF，加大增持力度，均衡增持结构；汇金公司具有充分 信心、足够能力，坚决维护资本市场平稳运行 央行表示，必要时向中央汇金公司提供充足的再贷款支持。汇金负责投资，央行承诺给钱，中国版平准基金浮出水面，这有助 ...

Core Viewpoint - The article discusses the significant implications of tariff increases proposed by the Trump administration, suggesting that it could lead to a major economic event comparable to the abandonment of the gold standard in 1971 [3]. Group 1: Historical Context - The article references the Smoot-Hawley Tariff Act of 1930, which raised tariffs on over 20,000 imported goods, resulting in an average tariff increase of about 20% [3]. - The consequences of the 1930 tariff included a 66% decline in global trade from 1929 to 1934, leading to the Great Depression in the United States and economic crises worldwide [3]. Group 2: Current Economic Situation - The current U.S. national debt exceeds $36 trillion, which is 120% of the projected GDP for 2024, with annual interest payments surpassing $1 trillion against a fiscal revenue of $4.9 trillion [4]. - The proposed tariff increases could generate an additional $300 billion to $600 billion in revenue for the U.S. government annually, which is seen as a critical factor driving the tariff strategy [4]. Group 3: Global Trade Dynamics - The article argues that the U.S. is moving towards a trend of de-globalization, as it attempts to protect its manufacturing sector in response to China's significant market share in global manufacturing [5]. - The imposition of high tariffs may lead to retaliatory measures from other countries, echoing historical patterns where such actions resulted in broader economic downturns [5]. Group 4: Investment Strategy - The article advises investors to remain calm and avoid emotional decision-making, suggesting that the current market environment is volatile and unpredictable [7]. - It highlights the importance of focusing on dividend-paying ETFs and being cautious with sectors that have high energy weightings, indicating a strategic shift in investment focus [7][8]. Group 5: Future Outlook - The author expresses optimism about 2025 being a significant trading year, encouraging investors to maintain patience and excitement for potential investment opportunities [9].

今天亚太市场早盘，遭遇"黑色星期一"，日经N225指数触发熔断， 韩国KOSPI指数跌跌超4%，A股沪指跌超一度失守3100点关口。 此外，美股市场期货跌幅继续， 继美股上周跌近10%后，美股股指期货开盘后跌幅迅速扩大，截止发稿，标普、纳指期货分别跌近3%和4%。 VIX期货飙涨34.4%。 美国关税风暴对全球金融市场的冲击还在继续。 一起来看最新的情况。 01 亚太股市遭遇重挫，日股触发熔断！ 日经225指数开盘即现断崖式下跌，盘中一度狂泻近3000点，跌幅逼近9%，创2023年10月以来最低水平；东证金融股指数更惨跌逾12%，金融 板块成为重灾区，截止发稿，日股有所回升。 $$\mathbb{E}\{\mathbb{E}\}\mathbb{E}\{\mathbb{E}\}\mathbb{E}\{\mathbb{E}\}$$ 此外，据日本共同社报道，日本大阪交易所启动"熔断机制"，暂时暂停日经平均指数(225种)期货交易，以应对市场的大幅下跌。该交易所还启动 了"动态熔断机制"，暂时限制10年期日本国债期货主合约6月期货的交易，以遏制价格的快速波动。 韩国股市同样大幅下挫 。截至发稿，韩国Kospi指数和K ...

长按即可参与 风险提示：本文所提到的观点仅代表个人的意见，所涉及标的不作推荐，据此买卖，风险自负。 作者：张翼轸 来源：雪球 这次大跌 ， 对美股有信仰 ， 但又嫌弃仓位不够多的股民基民 ， 都想着加仓 ， 还来问什么位置合适 ？ 对于本轮美股的下跌 ， 作为一个波动率交易者 ， 还是要从波动率层面 ， 展开多聊聊 。 你或许已经在新闻中看到过 ， 伴随周五的大跌 ， VIX 指数创出了多年的高点 。 01 VIX背后的恐慌 什么是 VIX ？ VIX ， 全称是 芝加哥期权交易所 波动率指数 ， 它是根据 标普500指数 期权的隐含波动率反推出来的 ， 代表市场在未来30天内预期的年化波动水平 。 当市场情绪平稳 ， VIX多在15至20点之间游走 ； 而每当危 机爆发 ， 投资者急于对冲风险 ， VIX便会快速升高 。 它的本质是一种反映 " 担忧程度 " 的指标 ， 所以 也被成为 " 恐慌指标 " 。 周五收盘时 VIX 有多高 ？ 下图一目了然 。 45.31 点的位置 ， 是 2020 年 " 新冠疫情 " 以来的最高值 ， 和 2010 年 " 闪电崩盘 " 和 2011 年美国失去AAA 主权 ...

长按即可参与 美股暴跌，特朗普当年损总统那句超狠的话，被挖出来了！ 如果有一天，道琼斯指数单日下跌超过1000点，那么美国现任总统就应该被装进大炮，以极快的速度射向太阳，不允许有任何借口。 美东时间4月3日，美股迎来了2020年疫情熔断以来最惨烈的一天。三大指数全线跳水，毫无反抗之力，被市场的恐慌情绪彻底吞没。截至收盘： ——唐纳德·特朗普，2015年 这已经不知道是多少次，特朗普被自己的回旋镖射中。 回望2016年11月，他首次当选总统时，道指一度恐慌暴跌；2020年，更是以一句"喝消毒水能治新冠"助推史诗级 美股 熔断。 在2025年美东时间4月3日，道指暴跌超1600点，跌幅达3.98%。这一天也是2020美股熔断以来最难熬的一天，华尔街遭受血洗，美股、汇市进入至 暗时刻。 01 纳斯达克指数暴跌5.97% ，创下2020年3月以来最大单日跌幅； 美股暴跌，历史性大崩盘！ 此外，小盘股指罗素2000收跌约6.6%，较2024年11月末所创的最高纪录跌去20%以上，成为首个跌入熊市的美股主要股指。 半导体指数大跌9.88%，创2020年3月以来最大单日跌幅。AMD跌8.90%，台积电ADR跌7.64%。 ...

Global Market Impact - The announcement of "reciprocal tariffs" by Trump has caused significant turmoil in global markets, with major declines observed across Asia-Pacific stock indices [4][5][9] - The MSCI Vietnam Index fell over 7%, while the Nikkei 225 Index dropped nearly 3% and the Korean Composite Index decreased by almost 1% [2][3][6] - European stock indices also opened lower, with the DAX30 down 2.1%, FTSE 100 down 1.36%, and CAC40 down 1.7% [9] A-Share Market Performance - A-shares experienced a collective decline, with the Shanghai Composite Index down 0.24%, Shenzhen Component Index down 1.4%, and ChiNext Index down 1.86% [3] - The agricultural sector showed strength, with stocks like Yongshun Biological and Meino Biological hitting the daily limit up, while the logistics sector was also active [12] Agricultural Sector Highlights - The agricultural sector has seen a strong performance, particularly in animal health, with stocks like Huisheng Biological rising nearly 20% and a notable 180% increase in Huisheng Biological's stock price over the past eight trading days [11][15] - The price of key products like Tylosin and Tiamulin has surged, driven by market demand from the recovering livestock industry [15] Consumer Electronics Sector Decline - The consumer electronics sector faced significant losses, with companies like Luxshare Precision and GoerTek hitting their daily limit down, and Lens Technology dropping over 10% [19] White Wine Industry Insights - The white wine sector has shown resilience, with Kweichow Moutai reporting a revenue of 174.144 billion yuan, a year-on-year increase of 15.66%, and a net profit of 86.228 billion yuan, also up 15.38% [17] - Analysts suggest that the white wine industry may experience a slowdown in growth but is expected to maintain positive growth in the coming years [18] Economic Implications of Tariffs - The newly announced tariffs are expected to significantly increase the effective tariff rate in the U.S., potentially raising it from 2.4% to 25.1% [24] - This could lead to increased inflation and reduced GDP growth, with estimates suggesting a 1.9 percentage point rise in PCE inflation and a 1.3 percentage point decrease in real GDP growth [24]

以下文章来源于二马由之 ，作者二马由之 用逻辑讲投资 长按即可参与 风险提示：本文所提到的观点仅代表个人的意见，所涉及标的不作推荐，据此买卖，风险自负。 作者：二马由之 来源：雪球 前天和一位老同事聊个人所得税问题 ， 同事收入比较高 ， 每年给社会贡献很大 ， 属于让人肉疼的那种 。 我建议他尝试用一下个人养老金的额度 ， 虽然绝对金额有限 ， 但是苍蝇腿也是肉 。 但是同事担心少交了 一点税 ， 万一本金受损 ， 就划不来了 。 同事21年初入市 ， 前一段刚刚保本出了 。 面对资本市场 ， 他 有深深的不安 。 二马由之 . 最近我一直在看 红利指数 ， 我建议他看看红利低波指数相关基金 ， 这个指数长期收益好 ， 波动小 。 关 键是个人养老金的权益指数名单中有他 ， 看到市场规模最大 红利低波ETF (512890)的联接基金出了个人 养老金可投资的Y份额 ， 代码022951 ， 正好满足了大家的需求 。 今天和大家分享这个红利低波指数 。 | 指数回报与风险特征 (最新交易日:2025/03/27) ② | | --- | | Closed Commentable on Andrew - In ...

Core Viewpoint - The article emphasizes the importance of having a clear investment plan and understanding three fundamental questions: maximum loss tolerance, expected annual return, and investment duration. These questions serve as the foundation for successful investing and help avoid blind chasing of market trends [1][18]. Group 1: Maximum Loss Tolerance - Understanding maximum loss tolerance is crucial for risk management, which is the cornerstone of investing. Investors often focus on potential gains without considering how much loss they can endure [2][8]. - Risk tolerance directly influences investment strategy and asset allocation. Different individuals have varying levels of comfort with market fluctuations based on their financial situations and psychological resilience [8][9]. - Establishing a clear maximum loss threshold provides a safety net for investors, allowing them to make informed asset choices and weight allocations without succumbing to panic during market downturns [8][9]. Group 2: Expected Annual Return - Setting realistic return expectations is essential and should be based on the investor's risk tolerance. Many investors aim for unrealistic returns without understanding the associated risks [9][12]. - Historical data suggests that a balanced asset allocation can yield reasonable returns with manageable volatility. For instance, a balanced portfolio of stocks and bonds has shown an annualized return of approximately 7.8% over five years with a volatility of 7.3% [12][13]. - Unrealistic return expectations can lead to disappointment and frequent portfolio adjustments, ultimately resulting in suboptimal outcomes. Aligning return goals with risk tolerance is vital for effective investment planning [13][19]. Group 3: Investment Duration - The investment horizon significantly impacts risk and return dynamics. Longer investment periods generally allow for better risk smoothing and the benefits of compounding [14][17]. - Short-term investments are often subject to high volatility, while long-term holdings tend to stabilize returns. For example, the probability of positive returns on the CSI 300 index increases from 60% over one year to nearly 100% over ten years [17]. - Understanding the investment timeline helps avoid liquidity issues and ensures that investors are not forced to liquidate positions prematurely, which can hinder potential gains [17][18]. Group 4: Application to Gold Investment - The article applies the three fundamental questions to the current inquiry about investing in gold. It suggests that if an investor can tolerate a maximum loss of 10%, gold may not be suitable for a significant allocation due to its historical volatility [21]. - Expected annual returns from gold are projected at 5%-6%, making it challenging to achieve an 8%-10% return solely from gold investments. Instead, gold should be part of a diversified portfolio [21][22]. - A proposed investment strategy for a hypothetical investor with a medium risk tolerance includes a 45% allocation to stocks, 50% to bonds, and 5% to commodities, including gold, to balance risk and return [21][32].

Group 1: Market Overview - The three major A-share indices experienced slight increases, with the Shanghai Composite Index rising by 0.05%, the Shenzhen Component Index by 0.09%, and the ChiNext Index by 0.13% [2] - The total market turnover was 992.7 billion, a decrease of 160.1 billion compared to the previous day [2] - Over 2,700 stocks in the market saw an increase [2] Group 2: Sector Performance - The sectors with the highest gains included kitchen and bathroom appliances, robotics, wind power equipment, and automotive parts [3] - In contrast, the sectors with the largest declines were controllable nuclear fusion and marine engineering equipment [3] Group 3: Xiaomi SU7 Incident - Xiaomi's founder and CEO Lei Jun expressed deep sorrow over the tragic accident involving the Xiaomi SU7, which resulted in the deaths of three young women [5][8] - Xiaomi has established a special team to investigate the incident and is cooperating with the police to provide vehicle data [8][9] - The focus of the discussion has shifted to the battery issues related to the SU7, with customer service indicating that the vehicle can be equipped with either BYD's blade battery or CATL's battery, which are installed randomly [10] - CATL clarified that the battery used in the involved vehicle was not theirs [11] Group 4: Bond Market - The 30-year government bond ETF rose by 0.75% at the close [12] - The bond market is expected to see a potential easing of monetary policy, with possible "structural interest rate cuts" anticipated in the second quarter [14] - Recent trends indicate a recovery in the bond market, supported by the central bank's liquidity measures and improved market sentiment [14] Group 5: Robotics Sector - The robotics sector showed strong performance today, with humanoid robots gaining traction [15] - Companies like Jinggong Technology and Tianhe Magnetic Materials reached their daily limit up, while others like Zhaomin Technology and Dongtu Technology saw increases exceeding 10% [16] - The Guangdong province announced policies to promote innovation in the AI and robotics industry, indicating a positive outlook for the humanoid robotics market in China [18]

在今日爆发后，香港创新药指数年内涨幅超过恒生科技指数，创新药也成为港股市场表现最好板块之一。 从基本面上看，港股创新药近期拿下大订单，另外行业业绩出现回暖。3月25日默沙东以最高17.7亿美元的里程碑付款买下恒瑞医药的脂蛋白口服小 分子项目，并且机构预计，2025年三分之一的创新药公司有望开始盈利，在大品种纳入医保实现放量后，进入业绩释放大年。 长按即可参与 市场全天冲高回落，三大指数涨跌不一。截至收盘，沪指涨0.38%，深成指跌0.01%，创业板指跌0.09%。 从板块方面来看，可控核聚变、创新药、中药、电力等板块涨幅居前，人形机器人、算力走弱。 沪深两市全天成交额1.13万亿，较上个交易日缩量893亿，全市场超3800只个股上涨。 01 春天来了？创新药暴涨！ 今日开盘后港股通创新药ETF盘中一度涨超8%，康方生物涨超14%，石药集团上涨12.55%，荣昌生物上涨10.55%。 估值层面上，港股通创新药指数2月17日估值高达64倍，但伴随成份股强劲2024年年报的发布，截至3月31日估值已经大幅降低至25倍。即使经过大 幅的上涨，因为成份股盈利够强，港股创新药板块的估值仍然不贵，此外结合机构的医药公司业绩 ...