德銀估算，系統性策略股票倉位已經升至歷史76%分位，其中波動率控制策略 基金的股票配置達到99%分位，CTA股票倉位也升至82%分位。相比之下，主觀投資者倉位只有44%分位。 由於趨勢信號本身已經很高，後續系統資金進一步增持股票，更可能依賴波動率繼續下降，而不是趨勢繼續增強。 當前波動率控制策略的配置已經很高，因此繼續加倉空間有限；如果市場出現較明顯回撤，機械減倉風險反而會上升。 也就是說，目前低波動已經不僅是上漲結果，而是在支撐系統資金維持高倉位；一旦波動重新放大，這套反饋可能反向運轉。

馬來西亞財政部：定向補貼每年可以節省約155億林吉特。

DBS Group Research says the Bank of Japan could accelerate its rate-hike cadence from about one every six months to one every 3–4 months. DBS has moved its expected next BOJ hike forward to September and forecasts two further hikes in Q1 and Q2 2027, taking the overnight call rate to 1.75% by mid-2027. Analysts note BOJ rhetoric has turned more hawkish and the government appears less opposed to earlier tightening. DBS raises Japan GDP forecasts to 0.9% for 2026 (from 0.5%) and 1.0% for 2027 (from 0.5%).