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Vinsa8
08-28 08:16
$英伟达(NVDA)$
咋就不及预期,都在预期内呀
Vinsa8
08-22
$英伟达(NVDA)$
大晚上的不睡觉,搞什么夜盘
Vinsa8
08-21
$英伟达(NVDA)$
你们是否支持查办老鲍?他绝对有问题🤨
Vinsa8
08-21
$纳斯达克100指数(NDX)$
投票 你是否支持查老鲍装修门?
Vinsa8
08-21
$英伟达(NVDA)$
$NQ100指数主连 2509(NQmain)$
$SP500指数主连 2509(ESmain)$
Mr. bao gotta have big trouble sooner or later
Vinsa8
08-21
老鲍绝对有问题,他下台的时候,绝对被办
Vinsa8
08-21
$VIX波动率主连 2509(VIXmain)$
老鲍肯定有问题🤨
Vinsa8
08-21
$英伟达(NVDA)$
装修个门花两亿,老鲍绝对有问题🤨
Vinsa8
08-21
$NQ100指数主连 2509(NQmain)$
装修个门花2亿,老鲍绝对有问题🤨
Vinsa8
08-21
$英伟达(NVDA)$
美股有点神经错乱,老鲍修门的事不追究了吗?弄他
Vinsa8
08-21
老鲍下课吧
杰克逊霍尔会议最全指引:鲍威尔讲话前你必须知道的一切
Vinsa8
08-21
$英伟达(NVDA)$
干掉老鲍,咋这么困难?黄毛,你来说说
Vinsa8
08-21
$NQ100指数主连 2509(NQmain)$
咋干掉老鲍那么困难?
Vinsa8
08-20
$英伟达(NVDA)$
山姆奥特曼要么被黄老板收拾,要么被梁文锋收拾[开心]
Vinsa8
08-20
啥情况
Vinsa8
08-20
上车不?
@不是凯老师:
$英伟达(NVDA)$
$台积电(TSM)$
空仓45天终于等到了回调趋势?
Vinsa8
08-20
都变成特朗普的了?
美股异动|“补贴换股份”计划引发震动,英特尔跌超5%,美光跌超3%,台积电跌超2%
Vinsa8
08-20
$英伟达(NVDA)$
又咋了?
Vinsa8
08-20
$英伟达(NVDA)$
晚上开的两倍空单,赚到了,我撤退了,兄弟们。不宜持续做空,风险太大
Vinsa8
08-20
$英伟达(NVDA)$
我开了100倍的空单,赌一把
去老虎APP查看更多动态
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你们是否支持查办老鲍?他绝对有问题🤨","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/470037177331888","isVote":1,"tweetType":1,"viewCount":369,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":470035281395864,"gmtCreate":1755786037467,"gmtModify":1755788778108,"author":{"id":"3486352703133754","authorId":"3486352703133754","name":"Vinsa8","avatar":"https://static.tigerbbs.com/4aa0eb0aaff159d9b2509af8452bc77f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3486352703133754","authorIdStr":"3486352703133754"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NDX\">$纳斯达克100指数(NDX)$ </a> 投票 你是否支持查老鲍装修门?","listText":"<a href=\"https://laohu8.com/S/NDX\">$纳斯达克100指数(NDX)$ </a> 投票 你是否支持查老鲍装修门?","text":"$纳斯达克100指数(NDX)$ 投票 你是否支持查老鲍装修门?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/470035281395864","isVote":1,"tweetType":1,"viewCount":352,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":470030790746504,"gmtCreate":1755784455131,"gmtModify":1755785034908,"author":{"id":"3486352703133754","authorId":"3486352703133754","name":"Vinsa8","avatar":"https://static.tigerbbs.com/4aa0eb0aaff159d9b2509af8452bc77f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3486352703133754","authorIdStr":"3486352703133754"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NVDA\">$英伟达(NVDA)$ </a> <a href=\"https://laohu8.com/FUT/NQmain\">$NQ100指数主连 2509(NQmain)$ </a> <a href=\"https://laohu8.com/FUT/ESmain\">$SP500指数主连 2509(ESmain)$ </a> Mr. bao gotta have big trouble sooner or later","listText":"<a href=\"https://laohu8.com/S/NVDA\">$英伟达(NVDA)$ </a> <a 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装修个门花2亿,老鲍绝对有问题🤨","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/470026291921072","isVote":1,"tweetType":1,"viewCount":259,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":470019706540568,"gmtCreate":1755782238497,"gmtModify":1755782381835,"author":{"id":"3486352703133754","authorId":"3486352703133754","name":"Vinsa8","avatar":"https://static.tigerbbs.com/4aa0eb0aaff159d9b2509af8452bc77f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3486352703133754","authorIdStr":"3486352703133754"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/NVDA\">$英伟达(NVDA)$ </a> 美股有点神经错乱,老鲍修门的事不追究了吗?弄他","listText":"<a href=\"https://laohu8.com/S/NVDA\">$英伟达(NVDA)$ </a> 美股有点神经错乱,老鲍修门的事不追究了吗?弄他","text":"$英伟达(NVDA)$ 美股有点神经错乱,老鲍修门的事不追究了吗?弄他","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/470019706540568","isVote":1,"tweetType":1,"viewCount":166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":469977208726048,"gmtCreate":1755771834775,"gmtModify":1755771994793,"author":{"id":"3486352703133754","authorId":"3486352703133754","name":"Vinsa8","avatar":"https://static.tigerbbs.com/4aa0eb0aaff159d9b2509af8452bc77f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3486352703133754","authorIdStr":"3486352703133754"},"themes":[],"htmlText":"老鲍下课吧","listText":"老鲍下课吧","text":"老鲍下课吧","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/469977208726048","repostId":"2561632454","repostType":2,"repost":{"id":"2561632454","kind":"news","pubTimestamp":1755764779,"share":"https://www.laohu8.com/m/news/2561632454?lang=&edition=full","pubTime":"2025-08-21 16:26","market":"us","language":"zh","title":"杰克逊霍尔会议最全指引:鲍威尔讲话前你必须知道的一切","url":"https://stock-news.laohu8.com/highlight/detail?id=2561632454","media":"华尔街见闻","summary":"市场目光聚焦鲍威尔对于7月非农就业数据的看法,以及是否为9月降息打开大门。目前货币市场交易员预期,9月降息25基点的可能性达到80%。多家大型投行预计鲍威尔可能部分扭转2020年会议上引入的弹性平均通胀目标(FAIT)政策,重新平衡美联储对就业和通胀的双重使命。","content":"<html><head></head><body><blockquote><p>市场目光聚焦鲍威尔对于7月非农就业数据的看法,以及是否为9月降息打开大门。目前货币市场交易员预期,9月降息25基点的可能性达到80%。多家大型投行预计鲍威尔可能部分扭转2020年会议上引入的弹性平均通胀目标(FAIT)政策,重新平衡美联储对就业和通胀的双重使命。</p></blockquote><p>本周五,全球金融市场的目光将聚焦怀俄明州大提顿山脚下的杰克逊霍尔。</p><p>届时美联储主席鲍威尔将在杰克逊霍尔全球央行会议上发表讲话,市场密切关注他是否将为9月降息打开大门。<strong>目前货币市场交易员预期,9月降息25基点的可能性达到80%。</strong>杰克逊霍尔会议历来是美联储传递政策信号的重要平台,2023年鲍威尔的讲话曾引导市场预期9月的首次降息。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/71ef4eac9bd1cdfa12a4f0d15cbdae93\" title=\"\" tg-width=\"500\" tg-height=\"287\"/></p><p>今年的会议主题定为 “转型中的劳动力市场:人口、生产率与宏观政策”。表面上是学术议题,但实际传递出的信号是:<strong>在通胀回落之后,美联储正把重心重新移向就业。而在劳动力市场出现裂痕的当下,政策基调的微调,可能直接决定未来几个月的市场走向。</strong></p><p>与此同时,本次会议还可能涉及美联储框架审查的部分结果,<strong>多家大型投行预计鲍威尔可能部分扭转2020年会议上引入的弹性平均通胀目标(FAIT)政策,重新平衡美联储对就业和通胀的双重使命。</strong></p><h2 id=\"id_1728631067\">聚焦鲍威尔对劳动力市场的看法</h2><p><strong>鲍威尔将于美国东部时间周五上午10点发表题为“经济展望与框架审查”的演讲。</strong>市场关注点在于他如何评价7月就业报告中显示的美国劳动力市场疲软迹象,以及这些数据是否已足以促使美联储在9月会议上启动降息周期。</p><p>鲍威尔在7月FOMC新闻发布会上曾警告,美国劳动力市场的新增就业潜力正在下降,原因包括移民流入放缓和人口老龄化,即所谓“就业增量门槛”下降。7月非农数据的大幅下修印证了这一点:就业增长可能已接近停滞,失业率回升至4.2%(仍低于长期均值),薪资增长虽放缓,但尚未完全回落。</p><p>7月非农就业报告不仅显示数据大幅低于预期,还对前两个月数据进行了显著下调,劳工统计局将这些修正描述为“大于正常水平”(两个月净修正为-25.8万),引发了市场对劳动力市场状况的担忧。随后公布的CPI数据喜忧参半,总体被市场视为“不如担忧的那么热”,进一步推高了9月降息的预期。</p><p>根据<a href=\"https://laohu8.com/S/GS\">高盛</a>经济学家David Mericle的预测,<strong>鲍威尔可能会修改他在7月FOMC新闻发布会上的表述,不再强调委员会“处于良好位置”(well positioned)可以等待更多信息。</strong>相反,他可能指出美联储能够应对双重使命的风险,同时强调7月就业报告显示的劳动力市场下行风险,以此向市场传递在必要时支持降息的意向。</p><h2 id=\"id_3047381351\">美联储政策框架迎来调整?</h2><p>杰克逊霍尔历来被视为美联储的政策风向标。过去五年几乎年年带来“政策拐点”:2019年暗示宽松、2020年推出平均通胀目标制(FAIT)、2021年延续宽松导致误判、2022年转向激进紧缩、2023年提示加息接近尾声、2024年则释放降息信号。</p><p>今年会议的一大看点在于<strong>框架审查调整</strong>。高盛和<a href=\"https://laohu8.com/S/DB\">德意志银行</a>预计,美联储可能会部分修正2020年杰克逊霍尔会议上推出的FAIT框架。</p><p>高盛认为,美联储或将回归更传统的“就业双向偏离”目标(既关注不足也关注过热),同时放弃“平均通胀目标”,重新采用“弹性通胀目标”为主要策略。但在利率触及零下限时,仍可能保留一些补偿性工具。</p><p><a href=\"https://laohu8.com/S/0H7D.UK\">德意志银行</a>则更为激进。他们指出,2020年的框架改革是导致通胀超调的重要推手,<strong>因此预计鲍威尔讲话可能会呼吁撤销2020年的修改,恢复预防性政策调整的主导作用。</strong></p><p>如果这些预期兑现,杰克逊霍尔的“拐点效应”或将再度上演:2020年定下的框架,如今可能在2025年被部分修正。</p><h2 id=\"id_2520120456\">年内降息一次?三次?华尔街分歧巨大</h2><p>围绕9月美联储利率决策,华尔街对降息次数的预期出现明显分歧,不同机构基于对就业与通胀数据的解读各有侧重。</p><p>高盛倾向于鸽派立场,预计鲍威尔虽不会明确信号9月降息,但会清楚表明他可能支持这一行动。</p><p>该行认为,<strong>美联储可能在今年进行三次25基点降息。</strong>理由在于7月非农就业数据及前两个月修正显示就业增长明显放缓,失业率虽低,但新增就业潜力下降,市场和工资压力尚可控,高盛预计美联储需要果断行动,以防止劳动力市场进一步恶化。</p><p><strong><a href=\"https://laohu8.com/S/BCS\">巴克莱银行</a>则认为市场对9月降息的预期过于自信,该行基准预测显示,下一次降息将在12月才会发生。</strong>巴克莱指出,鲍威尔在7月FOMC新闻发布会上曾暗示委员会不急于调整利率,该行认为最新的就业报告数据并未完全否定鲍威尔的言论。</p><p><a href=\"https://laohu8.com/S/JPM\">摩根大通</a>则持更为谨慎的态度,该行市场情报团队在一份报告中指出,考虑到美联储9月降息决定将依赖于9月5日的非农就业数据和9月11日的CPI数据,<strong>杰克逊霍尔会议“可能不会产生实质性影响”。</strong></p><h2 id=\"id_3272096704\">市场如何交易杰克逊霍尔会议行情</h2><p>历史上,债券市场通常对杰克逊霍尔会议有明显反应。根据彭博数据,过去几年会议期间美国国债收益率常出现显著变动。</p><p>高盛美国国债交易员Kyle Peterson认为,今年的杰克逊霍尔会议不会带来重大新信息,“50个基点降息的门槛极高,我认为我们还没有看到足够的数据支持这一点。”他建议在现阶段对任何多头头寸获利了结,保持中性立场。</p><p>外汇市场方面,高盛外汇交易员Sarah Stone注意到,虽然大多数市场参与者认为9月的重要事件更值得关注,但他们“或多或少完全忽视了本周末的杰克逊霍尔会议”低估了鲍威尔可能转向鸽派的可能性。</p><p>高盛衍生品策略师<a href=\"https://laohu8.com/S/JMSB\">John Marshall</a>指出,在杰克逊霍尔会议前,大多数ETF的期权价格相对历史水平较低,特别是与高收益债券、新兴市场和<a href=\"https://laohu8.com/S/161125\">标普500</a>指数相关的ETF。投资者预期与区域银行、房地产和科技行业相关的ETF波动性将会提高。</p><p>随着会议日期临近,市场参与者正在减少美元空头头寸,<strong>并通过购买“便宜的”美元看涨期权保护来应对会议可能带来的风险。</strong></p></body></html>","source":"wallstreetcn_hot_news","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>杰克逊霍尔会议最全指引:鲍威尔讲话前你必须知道的一切</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n杰克逊霍尔会议最全指引:鲍威尔讲话前你必须知道的一切\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-08-21 16:26 北京时间 <a href=https://wallstreetcn.com/articles/3753790><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>市场目光聚焦鲍威尔对于7月非农就业数据的看法,以及是否为9月降息打开大门。目前货币市场交易员预期,9月降息25基点的可能性达到80%。多家大型投行预计鲍威尔可能部分扭转2020年会议上引入的弹性平均通胀目标(FAIT)政策,重新平衡美联储对就业和通胀的双重使命。本周五,全球金融市场的目光将聚焦怀俄明州大提顿山脚下的杰克逊霍尔。届时美联储主席鲍威尔将在杰克逊霍尔全球央行会议上发表讲话,市场密切关注他...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3753790\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/bfc5cf8cd977844203e6a6065e4ccbe0","relate_stocks":{"IVV":"标普500指数ETF",".SPX":"S&P 500 Index","BK4550":"红杉资本持仓","SPXU":"三倍做空标普500ETF","BK4581":"高盛持仓","SDS":"两倍做空标普500ETF","BK4588":"碎股","SSO":"两倍做多标普500ETF","SH":"标普500反向ETF","UPRO":"三倍做多标普500ETF","SPY":"标普500ETF","BK4534":"瑞士信贷持仓","OEX":"标普100","BK4585":"ETF&股票定投概念","BK4504":"桥水持仓","OEF":"标普100指数ETF-iShares","BK4559":"巴菲特持仓"},"source_url":"https://wallstreetcn.com/articles/3753790","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2561632454","content_text":"市场目光聚焦鲍威尔对于7月非农就业数据的看法,以及是否为9月降息打开大门。目前货币市场交易员预期,9月降息25基点的可能性达到80%。多家大型投行预计鲍威尔可能部分扭转2020年会议上引入的弹性平均通胀目标(FAIT)政策,重新平衡美联储对就业和通胀的双重使命。本周五,全球金融市场的目光将聚焦怀俄明州大提顿山脚下的杰克逊霍尔。届时美联储主席鲍威尔将在杰克逊霍尔全球央行会议上发表讲话,市场密切关注他是否将为9月降息打开大门。目前货币市场交易员预期,9月降息25基点的可能性达到80%。杰克逊霍尔会议历来是美联储传递政策信号的重要平台,2023年鲍威尔的讲话曾引导市场预期9月的首次降息。今年的会议主题定为 “转型中的劳动力市场:人口、生产率与宏观政策”。表面上是学术议题,但实际传递出的信号是:在通胀回落之后,美联储正把重心重新移向就业。而在劳动力市场出现裂痕的当下,政策基调的微调,可能直接决定未来几个月的市场走向。与此同时,本次会议还可能涉及美联储框架审查的部分结果,多家大型投行预计鲍威尔可能部分扭转2020年会议上引入的弹性平均通胀目标(FAIT)政策,重新平衡美联储对就业和通胀的双重使命。聚焦鲍威尔对劳动力市场的看法鲍威尔将于美国东部时间周五上午10点发表题为“经济展望与框架审查”的演讲。市场关注点在于他如何评价7月就业报告中显示的美国劳动力市场疲软迹象,以及这些数据是否已足以促使美联储在9月会议上启动降息周期。鲍威尔在7月FOMC新闻发布会上曾警告,美国劳动力市场的新增就业潜力正在下降,原因包括移民流入放缓和人口老龄化,即所谓“就业增量门槛”下降。7月非农数据的大幅下修印证了这一点:就业增长可能已接近停滞,失业率回升至4.2%(仍低于长期均值),薪资增长虽放缓,但尚未完全回落。7月非农就业报告不仅显示数据大幅低于预期,还对前两个月数据进行了显著下调,劳工统计局将这些修正描述为“大于正常水平”(两个月净修正为-25.8万),引发了市场对劳动力市场状况的担忧。随后公布的CPI数据喜忧参半,总体被市场视为“不如担忧的那么热”,进一步推高了9月降息的预期。根据高盛经济学家David Mericle的预测,鲍威尔可能会修改他在7月FOMC新闻发布会上的表述,不再强调委员会“处于良好位置”(well positioned)可以等待更多信息。相反,他可能指出美联储能够应对双重使命的风险,同时强调7月就业报告显示的劳动力市场下行风险,以此向市场传递在必要时支持降息的意向。美联储政策框架迎来调整?杰克逊霍尔历来被视为美联储的政策风向标。过去五年几乎年年带来“政策拐点”:2019年暗示宽松、2020年推出平均通胀目标制(FAIT)、2021年延续宽松导致误判、2022年转向激进紧缩、2023年提示加息接近尾声、2024年则释放降息信号。今年会议的一大看点在于框架审查调整。高盛和德意志银行预计,美联储可能会部分修正2020年杰克逊霍尔会议上推出的FAIT框架。高盛认为,美联储或将回归更传统的“就业双向偏离”目标(既关注不足也关注过热),同时放弃“平均通胀目标”,重新采用“弹性通胀目标”为主要策略。但在利率触及零下限时,仍可能保留一些补偿性工具。德意志银行则更为激进。他们指出,2020年的框架改革是导致通胀超调的重要推手,因此预计鲍威尔讲话可能会呼吁撤销2020年的修改,恢复预防性政策调整的主导作用。如果这些预期兑现,杰克逊霍尔的“拐点效应”或将再度上演:2020年定下的框架,如今可能在2025年被部分修正。年内降息一次?三次?华尔街分歧巨大围绕9月美联储利率决策,华尔街对降息次数的预期出现明显分歧,不同机构基于对就业与通胀数据的解读各有侧重。高盛倾向于鸽派立场,预计鲍威尔虽不会明确信号9月降息,但会清楚表明他可能支持这一行动。该行认为,美联储可能在今年进行三次25基点降息。理由在于7月非农就业数据及前两个月修正显示就业增长明显放缓,失业率虽低,但新增就业潜力下降,市场和工资压力尚可控,高盛预计美联储需要果断行动,以防止劳动力市场进一步恶化。巴克莱银行则认为市场对9月降息的预期过于自信,该行基准预测显示,下一次降息将在12月才会发生。巴克莱指出,鲍威尔在7月FOMC新闻发布会上曾暗示委员会不急于调整利率,该行认为最新的就业报告数据并未完全否定鲍威尔的言论。摩根大通则持更为谨慎的态度,该行市场情报团队在一份报告中指出,考虑到美联储9月降息决定将依赖于9月5日的非农就业数据和9月11日的CPI数据,杰克逊霍尔会议“可能不会产生实质性影响”。市场如何交易杰克逊霍尔会议行情历史上,债券市场通常对杰克逊霍尔会议有明显反应。根据彭博数据,过去几年会议期间美国国债收益率常出现显著变动。高盛美国国债交易员Kyle 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空仓45天终于等到了回调趋势?","images":[{"img":"https://static.tigerbbs.com/e3343c27c7dcd43108df41c9cbb27a26","width":"1080","height":"2400"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/469675235639720","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":469673110458672,"gmtCreate":1755697718662,"gmtModify":1755698679207,"author":{"id":"3486352703133754","authorId":"3486352703133754","name":"Vinsa8","avatar":"https://static.tigerbbs.com/4aa0eb0aaff159d9b2509af8452bc77f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3486352703133754","authorIdStr":"3486352703133754"},"themes":[],"htmlText":"都变成特朗普的了?","listText":"都变成特朗普的了?","text":"都变成特朗普的了?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/469673110458672","repostId":"2560281121","repostType":2,"repost":{"id":"2560281121","kind":"highlight","weMediaInfo":{"introduction":"追踪全球财经热点,精选影响您财富的资讯,投资理财必备神器!","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1755697255,"share":"https://www.laohu8.com/m/news/2560281121?lang=&edition=full","pubTime":"2025-08-20 21:40","market":"us","language":"zh","title":"美股异动|“补贴换股份”计划引发震动,英特尔跌超5%,美光跌超3%,台积电跌超2%","url":"https://stock-news.laohu8.com/highlight/detail?id=2560281121","media":"华尔街见闻","summary":"据报道,继英特尔方案后,美国商务部长卢特尼克正在探索如何通过《芯片法案》资金获得更多芯片巨头的股权。美国政府去年底已敲定向三星、美光、台积电提供补贴,但大部分资金尚未发放,为特朗普政府重新设定条件留出空间。分析人士指出,如果股权换补贴模式全面推行,将使美国政府成为全球主要芯片制造商的重要股东。","content":"<html><head></head><body><blockquote><p>据报道,继<a href=\"https://laohu8.com/S/INTC\">英特尔</a>方案后,美国商务部长卢特尼克正在探索如何通过《芯片法案》资金获得更多芯片巨头的股权。美国政府去年底已敲定向<a href=\"https://laohu8.com/S/SMSN.UK\">三星</a>、<a href=\"https://laohu8.com/S/MU\">美光</a>、<a href=\"https://laohu8.com/S/TSM\">台积电</a>提供补贴,但大部分资金尚未发放,为特朗普政府重新设定条件留出空间。分析人士指出,如果股权换补贴模式全面推行,将使美国政府成为全球主要芯片制造商的重要股东。</p></blockquote><p>8月20日,美股盘初,<a href=\"https://laohu8.com/S/INTC\">英特尔</a>跌超5%,<a href=\"https://laohu8.com/S/MU\">美光科技</a>跌超3%,<a href=\"https://laohu8.com/S/TSM\">台积电</a>跌超2%,消息方面:特朗普政府不止想成为英特尔的股东,还希望成为美光、<a href=\"https://laohu8.com/S/SMSN.UK\">三星</a>,甚至台积电的股东。</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/43e8595d4b04307f7142e9a25e6baf8f\" title=\"\" tg-width=\"438\" tg-height=\"165\"/></p><p>8月20日,据媒体报道,两名消息人士透露,继英特尔方案后,美国商务部长卢特尼克(Howard Lutnick)正在探索如何通过《芯片法案》资金获得更多芯片巨头的股权。</p><p>白宫新闻发言人莱维特(Karoline Leavitt)周二确认,卢特尼克正与英特尔商讨政府获得10%股份的交易。她表示:</p><blockquote><p>"总统希望将美国的需求放在首位,无论从国家安全还是经济角度,这都是一个<strong>前所未有的创新想法</strong>。"</p></blockquote><p>美国政府去年底已敲定向三星提供47.5亿美元、美光62亿美元、台积电66亿美元补贴,但大部分资金尚未发放,为特朗普政府重新设定条件留出空间。分析人士指出,<strong>如果股权换补贴模式全面推行,将使美国政府成为全球主要芯片制造商的重要股东。</strong></p><p>在经济动荡和不确定时期,美国过去曾通过入股企业提供资金并建立市场信心,但在芯片制造领域采取此类措施尚属首次。分析认为,<strong>此举将加强美国对关键技术产业的控制,但也可能引发受影响企业的运营自主权担忧</strong>。</p><h2 id=\"id_2533399598\">补贴换股权模式扩围在即</h2><p>报道称,价值527亿美元的《芯片和科学法案》为研发和在美建设芯片工厂提供资金支持。美国商务部负责监管该法案执行,现在正考虑将股权要求作为资金发放的新条件。</p><p>据见闻此前文章,特朗普政府讨论通过将《美国芯片与科学法案》的部分或全部拨款转换为股权,以持有英特尔约10%的股份。这一消息在周二得到了白宫发言人的确认。</p><p>据知情人士透露,在英特尔股权交易基础上,<strong>卢特尼克正研究如何通过《芯片法案》资金获取更多芯片企业股份</strong>。除英特尔外,存储芯片制造商美光是《芯片法案》资金的最大美国受益者。</p><p>知情人士称,<strong>卢特尼克一直在推动股权理念,特朗普对此表示支持</strong>。这标志着美国政府正寻求通过产业政策直接参与关键企业治理。</p><h2 id=\"id_2997070436\">前所未有的政府产业介入</h2><p>分析认为,此举将创造美国政府直接持股重要企业的先例。</p><p>历史上,美国政府主要在经济动荡和不确定时期通过股权投资向企业提供资金并建立市场信心,如2008年金融危机期间对银行和汽车企业的救助。</p><p>这一模式与今年早些时候特朗普批准日本制铁收购<a href=\"https://laohu8.com/S/X\">美国钢铁</a>公司的做法类似,当时美国政府获得"黄金股份",有权阻止企业减少投资、转移生产或就业,以及在特定时间前关闭工厂。</p><p><strong>但《芯片法案》股权交易的性质不同,它代表政府主动利用产业政策工具获取战略性企业控制权。这种模式可能为其他关键行业的类似安排开创先例。</strong></p><p>报道指出,对于外国企业而言,股权要求增加了在美投资的复杂性。台积电和三星等企业需要权衡美国市场准入与运营自主权之间的平衡。</p><p>分析人士认为,这一政策可能促使企业重新评估在美投资策略,特别是涉及核心技术和生产能力转移的项目。</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n美股异动|“补贴换股份”计划引发震动,英特尔跌超5%,美光跌超3%,台积电跌超2%\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-08-20 21:40 北京时间 <a href=https://wallstreetcn.com/articles/3753698><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>据报道,继英特尔方案后,美国商务部长卢特尼克正在探索如何通过《芯片法案》资金获得更多芯片巨头的股权。美国政府去年底已敲定向三星、美光、台积电提供补贴,但大部分资金尚未发放,为特朗普政府重新设定条件留出空间。分析人士指出,如果股权换补贴模式全面推行,将使美国政府成为全球主要芯片制造商的重要股东。8月20日,美股盘初,英特尔跌超5%,美光科技跌超3%,台积电跌超2%,消息方面:特朗普政府不止想成为...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3753698\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/8a1a8c5698b6f32ee1637556a15bb35b","relate_stocks":{"LU2125154935.USD":"ALLSPRING (LUX) WF GLOBAL EQUITY ENHANCED INCOME \"I\" (USD) INC","LU0642271901.SGD":"Janus Henderson Horizon Global Technology Leaders A2 SGD-H","BK4535":"淡马锡持仓","LU0127658192.USD":"EASTSPRING INVESTMENTS GLOBAL TECHNOLOGY \"A\" (USD) ACC","LU0175139822.USD":"AB FCP I Global Equity Blend A USD","BK4515":"5G概念","LU1366333091.USD":"FIDELITY GLOBAL FOCUS \"A\" (USD) ACC","SG9999004220.SGD":"Nikko AM Shenton Asia Dividend 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ACC"},"source_url":"https://wallstreetcn.com/articles/3753698","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2560281121","content_text":"据报道,继英特尔方案后,美国商务部长卢特尼克正在探索如何通过《芯片法案》资金获得更多芯片巨头的股权。美国政府去年底已敲定向三星、美光、台积电提供补贴,但大部分资金尚未发放,为特朗普政府重新设定条件留出空间。分析人士指出,如果股权换补贴模式全面推行,将使美国政府成为全球主要芯片制造商的重要股东。8月20日,美股盘初,英特尔跌超5%,美光科技跌超3%,台积电跌超2%,消息方面:特朗普政府不止想成为英特尔的股东,还希望成为美光、三星,甚至台积电的股东。8月20日,据媒体报道,两名消息人士透露,继英特尔方案后,美国商务部长卢特尼克(Howard Lutnick)正在探索如何通过《芯片法案》资金获得更多芯片巨头的股权。白宫新闻发言人莱维特(Karoline Leavitt)周二确认,卢特尼克正与英特尔商讨政府获得10%股份的交易。她表示:\"总统希望将美国的需求放在首位,无论从国家安全还是经济角度,这都是一个前所未有的创新想法。\"美国政府去年底已敲定向三星提供47.5亿美元、美光62亿美元、台积电66亿美元补贴,但大部分资金尚未发放,为特朗普政府重新设定条件留出空间。分析人士指出,如果股权换补贴模式全面推行,将使美国政府成为全球主要芯片制造商的重要股东。在经济动荡和不确定时期,美国过去曾通过入股企业提供资金并建立市场信心,但在芯片制造领域采取此类措施尚属首次。分析认为,此举将加强美国对关键技术产业的控制,但也可能引发受影响企业的运营自主权担忧。补贴换股权模式扩围在即报道称,价值527亿美元的《芯片和科学法案》为研发和在美建设芯片工厂提供资金支持。美国商务部负责监管该法案执行,现在正考虑将股权要求作为资金发放的新条件。据见闻此前文章,特朗普政府讨论通过将《美国芯片与科学法案》的部分或全部拨款转换为股权,以持有英特尔约10%的股份。这一消息在周二得到了白宫发言人的确认。据知情人士透露,在英特尔股权交易基础上,卢特尼克正研究如何通过《芯片法案》资金获取更多芯片企业股份。除英特尔外,存储芯片制造商美光是《芯片法案》资金的最大美国受益者。知情人士称,卢特尼克一直在推动股权理念,特朗普对此表示支持。这标志着美国政府正寻求通过产业政策直接参与关键企业治理。前所未有的政府产业介入分析认为,此举将创造美国政府直接持股重要企业的先例。历史上,美国政府主要在经济动荡和不确定时期通过股权投资向企业提供资金并建立市场信心,如2008年金融危机期间对银行和汽车企业的救助。这一模式与今年早些时候特朗普批准日本制铁收购美国钢铁公司的做法类似,当时美国政府获得\"黄金股份\",有权阻止企业减少投资、转移生产或就业,以及在特定时间前关闭工厂。但《芯片法案》股权交易的性质不同,它代表政府主动利用产业政策工具获取战略性企业控制权。这种模式可能为其他关键行业的类似安排开创先例。报道指出,对于外国企业而言,股权要求增加了在美投资的复杂性。台积电和三星等企业需要权衡美国市场准入与运营自主权之间的平衡。分析人士认为,这一政策可能促使企业重新评估在美投资策略,特别是涉及核心技术和生产能力转移的项目。","news_type":1,"symbols_score_info":{"INTC":1,"MU":1,"TSM":1}},"isVote":1,"tweetType":1,"viewCount":74,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":469570052374800,"gmtCreate":1755671947188,"gmtModify":1755673190060,"author":{"id":"3486352703133754","authorId":"3486352703133754","name":"Vinsa8","avatar":"https://static.tigerbbs.com/4aa0eb0aaff159d9b2509af8452bc77f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3486352703133754","authorIdStr":"3486352703133754"},"themes":[],"htmlText":"<a 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