“新债王”冈拉克：如果我是美联储委员，我今天会投反对票，并支持加息50个基点。

Huatai Securities said trading-driven selling has shown initial relief but fresh incremental capital remains cautious and market liquidity repair has yet to coalesce. Recent volume contraction mainly reflects reduced domestic trading exposures, margin-financing activity at a cyclical low and private funds’ lower sensitivity to the tech sector, suggesting earlier positions have been partly digested. Leverage stabilization has not produced sustained net inflows; ETF demand is driven by structural rotation. Overall funding conditions are improving mostly via reduced selling pressure rather than broad new inflows, while demand-side funding stress has risen and share unlocks in early October could add pressure.

美、布两油短线跳空1美元，现分别报98.77美元/桶和103.54美元/桶。