懂王胜选一周年,“川普2.0”与“1.0”市场走势高度相似,坏消息是第二年美股走势通常最差

华尔街见闻
Nov 09, 2025

在特朗普再次当选美国总统一周年之际,市场走势呈现出与他第一个任期惊人相似的图景。据追风交易台,11月7日,巴莱克银行发布报告称,特朗普再次当选后的第一年,市场表现几乎完美复刻了其2016年首次胜选后的走势:风险资产(尤其是比特币)飙升,新兴市场跑赢美国,美元走弱。然而,历史数据发出了强烈警告:总统任期的第二年通常是美股表现最差、市场波动性最高的时期,2018年的“川普1.0”时期就是如此。此外,...

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