CI_ROME/iStock via Getty Images By Elior Manier The past week was subject to more rounds of volatility, taking major US Indexes to retest and break below October lows. Hawkish Fed fears and the cancellation of key October reports like ...

这两个月，我觉得大家是要做好 接受波动的准备的。 至于为什么会有如此大的一个波动。 我之前也说过，主要原因是 多个负面情绪一起堆积 ，然后集体引爆了市场。 短期的市场，就是被情绪裹着走。 你们非常每天市场都给它找个原因，也太难了。 我会更建议，在这段时间做好两个准备。 第一个，做好短期剧烈波动的准备，然后要拿得住。 第二个，看好大方向，逢低可以布局 。 上一周市场让很多人心有余悸了。 大家不妨回顾一下这段时间，尤其是10月以来，大事件就没停过的。 国庆回来，是中美双方在为第五轮谈判拿下更多的筹码。 稀土管制、船舶收费，双方来回出手，那段时间，市场的情绪也是多变的。 一直到10月30日，谈判的框架出来之后，情绪一度向好。 可是11月4日，美股遭受了黑色星期二。 原因是华尔街资本对当下AI板块，认为是被高估的，要回调20%左右。 这也是11月科技板块回调的主要原因了。 后面就到了高市早苗的荒谬言论， 进一步加剧了国际环境的不确定性。 最后这段时间，大家关注的点是在 美联储降息身上。 因为12月美联储降息的概率降低，引发了一波市场对于流动性枯竭的焦虑。 甚至，这几年，因为美联储降息的概率提高，标普又涨了。 就是这么 ...

人民财讯11月22日电，华泰证券研报认为，市场波动加大，关注超调板块机会。近期国内股市波动加 大，源自科技和顺周期叙事"青黄不接"及流动性边际收紧，杠杆仓位和情绪交易或进一步放大波动。研 报认为中国资产重估主线脉络、资金寻求核心资产诉求未变，当前调整为后续表现创造更加健康的环 境。由于近期情绪性交易明显，可能"错杀"部分优质资产，反而创造布局机会。 ...

Core Insights - BellRing Brands, Inc. (NYSE:BRBR) is a prominent player in the nutritional products sector, particularly known for its protein shakes and bars [1][5] - The company is currently facing an investigation by Bleichmar Fonti & Auld LLP for potential violations of federal securities laws, which follows an 18% decline in stock price due to inventory issues [2][5] - Despite recent challenges, BRBR's stock has rebounded to $28.03, reflecting a 6.74% increase from its previous value [2][5] Market Performance - As of November 19, 2025, Andrew Lazar from Barclays has set a price target of $32 for BRBR, indicating a potential upside of 21.86% from its trading price of $26.26 [1][5] - The stock has shown significant volatility, with prices fluctuating between a low of $25.49 and a high of $28.40 on the current day, and a yearly range from $22.45 to $80.67 [3] - BellRing Brands has a market capitalization of approximately $3.53 billion, highlighting its substantial presence in the market [4] Investor Activity - The trading volume for BRBR on the NYSE is reported at 3,243,554 shares, indicating active investor interest [4] - Investors are encouraged to monitor the ongoing investigation and its potential implications for the company's future performance [4]

Core Viewpoint - Deutsche Bank indicates that if the FOMC meeting minutes mention Interest on Reserve Balances (IORB) and asset purchases, it will lead to market volatility [1] Group 1 - Deutsche Bank's analysis suggests that specific references in the FOMC meeting minutes could significantly impact market dynamics [1]

德意志银行：如果美联储FOMC会议纪要提及IORB和资产购买，将带来市场波动。 ...

如何看待宏观不确定与市场波动？20251118 摘要 国内经济主逻辑为科技自立自强，面对全球不确定性，坚持做好自身事 务带来整体预期稳定溢价，权益市场表现良好，机构或进行阶段性止盈 切换。 预计未来利率将创新低，国债震荡偏强，为年底跨年配置蓄力。金融机 构负债与资产端短期错位将导致跨年配置行情，坚定看多利率创新低， 银行存单利率或降至 1.5%左右。 10 月经济数据"经济冷、物价暖"，受统计基数效应、去产能和反内卷 行动影响。出口和消费受去年高基数拖累，低基数效应贡献 CPI 涨幅， PPI 降幅收窄。 房地产市场自 2025 年 7 月进入下行周期，10 月房企拿地减少，土地出 让收入同比下降 27%，冲击地方财政收入，增量政策效果尚未显现，投 资数据改善或待明年。 2025 年 10 月个税环比增长 25%，归因于税收征管加强，互联网平台 涉税信息报送新规规范短视频平台带货主播等群体漏税问题，预计该趋 势将持续。 Q&A 近期市场波动的主要原因是什么？ 近期市场波动主要有几个方面的原因。首先是美国政府前段时间的停摆，导致 宏观数据中断，这加剧了市场对美联储相对鹰派降息预期的担忧，调低了降息 预期。其次， ...

当地时间11月13日晚，交易大厅的屏幕像一面突然裂开的镜子，红色的数字从顶端向下流动，汇成一条无法停止的潮水。 那天早晨，我在纽约近郊的一家咖啡馆坐着，电视里播着国会停摆的最后几分钟，那场历时43天的僵局刚刚结束，市场却没有马上松一口气，反而像被重新 点燃的警报，投资者的手开始颤抖。 道琼斯、标普和纳斯达克的跌幅先后跳出，不同屏幕上的百分比像心电图上的波动，特斯拉、英伟达、谷歌、亚马逊相继变红，英伟达市值一夜蒸发约 1686.42亿美元，这是交易记录上的数字，也是电话那端分析师反复念出的冷数据，来源于交易所和公司市值统计。 我走进曼哈顿一家对冲基金的开放式办公室，几名交易员背对着窗外，指尖敲击键盘的速度没有停歇，但语气变得低沉，他们在讨论美联储政策预期的骤 变，芝商所FedWatch的数据显示，市场对12月降息25个基点的概率从70%降到了约47%，这个数据像一根针，刺在他们的自信上。 那晚，散户论坛的聊天记录被截图到微信群里，语句短促，情绪在键盘后堆积，有人问为什么会这样，有人转发财经媒体的解读，我把这些对话当作现场录 音，拼接成一个足以说明当下焦虑的切面，来源为公开论坛与参与者授权转述。 英伟达的市值蒸发 ...

Core Insights - The article discusses the recent trends in the wealth management industry, highlighting the increasing demand for personalized financial services and the impact of technology on service delivery [1] Group 1: Industry Trends - There is a significant shift towards digital platforms in wealth management, with a reported 40% increase in clients using online services over the past year [1] - The industry is witnessing a growing preference for sustainable investment options, with 60% of investors indicating a willingness to invest in ESG (Environmental, Social, and Governance) funds [1] - Competition among wealth management firms is intensifying, with 75% of firms planning to enhance their digital capabilities to attract younger clients [1] Group 2: Company Strategies - Major firms are investing heavily in technology, with an estimated $5 billion allocated to digital transformation initiatives in the next two years [1] - Companies are focusing on personalized client experiences, with 80% of firms implementing AI-driven tools to tailor investment strategies [1] - There is a trend towards strategic partnerships, with 50% of firms collaborating with fintech companies to enhance service offerings [1]

Core Insights - The report from KPMG highlights a significant rebound in short-term growth expectations for the Chinese economy among business leaders, with 88% of CEOs expressing confidence in the economy over the next three years, a 17 percentage point increase from the previous year, marking a recent high [1] Group 1: Economic Confidence - Business leaders' confidence in the long-term Chinese economy is supported by five core conditions: a vast domestic market that provides ample space for consumption and industrial upgrades [1] - A complete and flexible industrial system and infrastructure that supports innovation-driven development and strengthens supply chain resilience [1] - The continuous release of the engineer dividend and the full activation of entrepreneurial spirit, providing talent and motivation for technological innovation and new productive forces [1] - The advancement of a unified national market and high-level opening-up, which breaks down institutional barriers and stimulates the vitality of various market entities [1] - An increasingly improved macro-control system and an expanding policy toolbox that promotes domestic demand recovery, supports technological innovation, and facilitates green development [1] Group 2: Leadership Requirements - The complex and changing global business environment has highlighted the need for diversified leadership capabilities, with nearly all surveyed CEOs acknowledging changes in their professional requirements [2] - Leaders are now required to build a multidimensional capability system that encompasses long-term strategic planning, short-term adaptability, digital literacy, compliance insight, and organizational collaboration effectiveness [2]