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特朗普交易的终结

投资者对美国市场的反感似乎已成事实

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    • 自2025年12月下旬以来，美国基准股指标普500指数在异常狭窄的区间内沉闷波动，年内录得小幅下跌。
    • 自2025年12月下旬以来，美国基准股指标普500指数在异常狭窄的区间内沉闷波动，年内录得小幅下跌。 图片：路透社

    Katie Martin

    Published Wed, Feb 25, 2026 · 06:49 PM

    本文由AI辅助翻译

    查看原文

    【纽约】美国总统Donald Trump的交易已死。反特朗普交易当道。无论您将目光投向金融市场的任何角落，都能看到全球投资者正想方设法避开特朗普治下的美国。

    基金经理们并未感到沮丧——远非如此。从投资者调查来看，目前市场对风险较高资产的普遍热情，与2024年底总统赢得连任后相当。

    但这种热情的来源及其在市场中的表现形式，已经发生了逆转。

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