高盛數據顯示,美國家庭、養老金、保險機構和投資基金的股票配置已接近65%,創歷史新高,較2008年金融危機後的低點上升約31個百分點,並超過互聯網泡沫時期峯值。G10國家同類投資者的股票配置也升至約57%,較此前週期高點高出約12個百分點。 這表明全球居民與機構財富對股市的依賴明顯加深,高倉位能夠強化上漲階段的財富效應,卻也意味着家庭消費和機構資產負債表對市場回撤更加敏感,潛在增量買盤空間相對收窄。不過,倉位創新高本身並不是頂部信號,仍需結合估值、盈利和資金流向判斷。

2026-07-27

高盛數據顯示,美國家庭、養老金、保險機構和投資基金的股票配置已接近65%,創歷史新高,較2008年金融危機後的低點上升約31個百分點,並超過互聯網泡沫時期峯值。G10國家同類投資者的股票配置也升至約57%,較此前週期高點高出約12個百分點。 這表明全球居民與機構財富對股市的依賴明顯加深,高倉位能夠強化上漲階段的財富效應,卻也意味着家庭消費和機構資產負債表對市場回撤更加敏感,潛在增量買盤空間相對收窄。不過,倉位創新高本身並不是頂部信號,仍需結合估值、盈利和資金流向判斷。

其他消息
2026-07-27

A shooting in downtown Seattle, Washington on July 26 injured multiple people, police said. The incident occurred during a food festival that opened July 24 and was scheduled to end at 8:00 p.m. local time on July 26. Seattle police said they are investigating and urged the public to avoid the area; authorities had not released confirmed casualty numbers, victims' conditions, suspect details, motive or any arrests as of the latest update.

2026-07-27

The Ministry of Water Resources said China has accelerated modern water-network construction and kept water-construction investment at a high level. From January to June, China implemented 33,000 water projects and completed CNY 515.1 bln of water-construction investment. Major projects — including the Beibu Gulf water-resource allocation scheme and the Yellow River Guxian water-control hub — plus national water-network backbone supply/drainage channels and key regulation/storage nodes are being