美股15年长牛的背后,有一个关键推手经常被忽视!

金十数据
Sep 26, 2025

对于投资策略师来说,他们能随口列出金融危机后美股稳步走高的诸多原因。正如美国银行全球研究部团队指出,美国大型企业利润率稳步扩大,盈利波动性也有所降低;标普500指数(SPX)成分股公司的资产负债表中,浮动利率债务已几乎清零;微软(MSFT)、苹果(APPL)等美国科技巨头的崛起,不仅对全球经济产生了变革性影响,还创造了巨额利润。但归根结底,股市供需失衡所发挥的作用,可能比许多人意识到的更为重要。...

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