估值狂飙急转弯,美联储预期反复上演“过山车”:AI泡沫挤压下的美股结构性分化与中概股政策韧性

华尔街俱乐部
Nov 23, 2025

美国资本市场热点追踪报道 (2025年11月17日至21日)本周(2025年11月17日至21日)的美国资本市场经历了一场剧烈的结构性拐点,其特点是市场波动加剧和机构资本的果断轮动。市场抛售高估值、长久期增长资产,转向防御性、短久期价值股和硬资产的主题贯穿始终。尽管周五出现了强劲的反弹,但科技股的整体承压,揭示了市场正在经历一场由宏观经济和流动性预期驱动的“估值挤压”(Valuation ...

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