恐慌退潮？美股于战火中展现韧性，投资者开始相信“最坏时刻已过”

智通财经网03-18

智通财经APP获悉，随着华尔街竭力消化伊朗战争的影响，美国股市经历了一段剧烈波动期。但战事进入第三周之际，种种迹象显示最坏时刻可能已经过去，投资者对股市的态度正变得更加乐观。当然，担忧情绪依然存在。霍尔木兹海峡关闭推高的油价威胁通胀上行，降低了美联储降息的可能性，同时加大了经济放缓甚至衰退的风险。从金属、原材料到食品、药品等多个行业供应链面临威胁。此外，战前就已压制市场情绪的人工智能冲击与私人...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

我们需要你的真知灼见来填补这片空白

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/2620256624?lang=zh_CN&edition=full","thumbnail":"https://img.zhitongcaijing.com/image/20260318/20260318205648_11216.png?x-oss-process=image/format,jpg/quality,Q_80/resize,w_250","is_english":false,"pubTime":"2026-03-18 20:55","share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","id":"2620256624","market":"sh","top_or_hot":-1,"title":"恐慌退潮？美股于战火中展现韧性，投资者开始相信“最坏时刻已过”","media":"智通财经网","content":"<div>\n<p>智通财经APP获悉，随着华尔街竭力消化伊朗战争的影响，美国股市经历了一段剧烈波动期。但战事进入第三周之际，种种迹象显示最坏时刻可能已经过去，投资者对股市的态度正变得更加乐观。当然，担忧情绪依然存在。霍尔木兹海峡关闭推高的油价威胁通胀上行，降低了美联储降息的可能性，同时加大了经济放缓甚至衰退的风险。从金属、原材料到食品、药品等多个行业供应链面临威胁。此外，战前就已压制市场情绪的人工智能冲击与私人...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1415594.html\">网页链接</a>\n\n</div>\n","source":"highlight_zhitongcaijin","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>恐慌退潮？美股于战火中展现韧性，投资者开始相信“最坏时刻已过”</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; 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恐慌退潮？美股于战火中展现韧性，投资者开始相信“最坏时刻已过”\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-03-18 20:55 北京时间&nbsp;&nbsp;&nbsp;<a href=http://www.zhitongcaijing.com/content/detail/1415594.html><strong>智通财经网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>智通财经APP获悉，随着华尔街竭力消化伊朗战争的影响，美国股市经历了一段剧烈波动期。但战事进入第三周之际，种种迹象显示最坏时刻可能已经过去，投资者对股市的态度正变得更加乐观。当然，担忧情绪依然存在。霍尔木兹海峡关闭推高的油价威胁通胀上行，降低了美联储降息的可能性，同时加大了经济放缓甚至衰退的风险。从金属、原材料到食品、药品等多个行业供应链面临威胁。此外，战前就已压制市场情绪的人工智能冲击与私人...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/1415594.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SDS","symbol_name":"两倍做空标普500 ETF-ProShares","start_time":0,"source_url":"http://www.zhitongcaijing.com/content/detail/1415594.html","article_id":"2620256624","we_media_id":null,"thumbnails":["https://img.zhitongcaijing.com/image/20260318/20260318205648_11216.png?x-oss-process=image/format,jpg/quality,Q_80/resize,w_250"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2620256624","pubTimestamp":1773838552,"columns":[],"sourceInfo":{"source_id":"highlight_zhitongcaijin","name":"智通财经网"},"weMediaInfo":null,"summary":"随着华尔街竭力消化伊朗战争的影响，美国股市经历了一段剧烈波动期。但战事进入第三周之际，种种迹象显示最坏时刻可能已经过去，投资者对股市的态度正变得更加乐观。","collect":0,"end_time":0,"defaultTopTitle":"zhitongcaijing.com","property":[],"viewcount":null,"language":"zh","relate_stocks":{"SDS":"两倍做空标普500 ETF-ProShares","SPXL":"三倍做多标普500ETF-Direxion","VXZ":"中期波动率指数期货ETN","BK4581":"高盛持仓","VYLD":"Inverse VIX Short Term Futures ETN","SPYG":"SPDR Portfolio S&P 500 Growth ETF","VOO":"Vanguard标普500ETF","OEX":"标普100","BK4585":"ETF&股票定投概念","SPXS":"三倍做空标普500ETF-Direxion","BK4534":"瑞士信贷持仓","VTV":"Vanguard Value ETF","HIBL":"Direxion Daily S&P 500 High Beta Bull 3X Shares","SPLV":"Invesco S&P 500 Low Volatility ETF","JEPI":"JPMorgan Equity Premium Income ETF","SPYI":"NEOS S&P 500 High Income ETF","SPXU":"三倍做空标普500ETF-ProShares","SPYM":"投资组合标普500指数ETF-SPDR","SPDN":"Direxion Daily S&P 500 Bear 1X Shares","USMV":"美国最小波动率ETF-iShares","UPRO":"三倍做多标普500ETF-ProShares","VIXM":"波动率中期期货ETF-ProShares","IVW":"标普500成长股指数ETF-iShares","RSP":"平均加权指数ETF-Rydex S&P","SPMO":"Invesco S&P 500 Momentum ETF","IVV":"标普500ETF-iShares","GPIX":"GOLDMAN SACHS S&P 500 CORE PREMIUM INCOME ETF","BK4559":"巴菲特持仓","VIXY":"波动率短期期货指数ETF","TVIXF":"VelocityShare每日2X VIX短期ETN-CITI","XDTE":"Roundhill S&P 500 0DTE Covered Call Strategy ETF","BK4504":"桥水持仓","SH":"做空标普500-Proshares",".SPX":"S&P 500 Index","BK4550":"红杉资本持仓","BK4588":"碎股","OEF":"标普100指数ETF-iShares","SVIX":"1倍做空短期期货恐慌指数ETF","XYLD":"Global X S&P 500 Covered Call ETF","SSO":"2倍做多标普500ETF-ProShares","SPYV":"SPDR Portfolio S&P 500 Value ETF","VTI":"大盘指数ETF-Vanguard MSCI","SVOL":"Simplify Volatility Premium ETF","VVIX":"VIX指数之波动率指数","IVOO":"Vanguard S&P Mid-Cap 400 ETF","BMAY":"Innovator U.S. Equity Buffer ETF - May"},"translate_title":"Panic ebbing tide? US stocks show resilience amid war, as investors begin to believe 'the worst is over'","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SPYM":0.6,".SPX":1.87,"SPYV":0.6,"OEF":0.6,"SPMO":0.6,"OEX":0.6,"IVOO":0.6,"RSP":0.6,"VIXY":0.6,"SPYG":0.6,"SPYI":0.6,"BMAY":0.6,"USMV":0.6,"VTI":0.6,"UPRO":0.6,"SPXL":0.6,"TVIXF":0.6,"MESmain":0.6,"SPDN":0.6,"VVIX":0.6,"IVV":0.6,"VIXM":0.6,"XYLD":0.6,"GPIX":0.6,"SPXU":0.6,"IVW":0.6,"SVOL":0.6,"XDTE":0.6,"SSO":0.6,"VXZ":0.6,"VOO":0.77,"VTV":0.6,"HIBL":0.6,"SVIX":0.6,"SPXS":0.6,"VYLD":0.6,"SPLV":0.6,"SDS":0.6,"JEPI":0.6,"SH":0.6},"content_text":"智通财经APP获悉，随着华尔街竭力消化伊朗战争的影响，美国股市经历了一段剧烈波动期。但战事进入第三周之际，种种迹象显示最坏时刻可能已经过去，投资者对股市的态度正变得更加乐观。当然，担忧情绪依然存在。霍尔木兹海峡关闭推高的油价威胁通胀上行，降低了美联储降息的可能性，同时加大了经济放缓甚至衰退的风险。从金属、原材料到食品、药品等多个行业供应链面临威胁。此外，战前就已压制市场情绪的人工智能冲击与私人信贷风险敞口等隐忧也并未消散。然而，即便战事未见缓和迹象，投资专家们似乎已学会与地缘政治不确定性共处。标普500指数本周上涨1.3%，创下美以发动空袭以来最佳两日表现，较1月历史高点仅回落3.8%。与此同时，期权交易员正逐步解除部分看跌押注，而近期投资者股票敞口的下降或预示市场正在筑底。\"问题在于：为何他们没有因此恐慌?\"CFRA首席投资策略师萨姆·斯托瓦尔表示。他指出当前跌幅仍处于回调阈值之下，\"我认为，从许多方面看，市场的韧性令投资者备受鼓舞，而盈利增长预期的持续改善或是支撑市场底部的深层原因。\"本月早些时候，对冲道富SPDR标普500ETF下跌5%的期权成本相对于对冲同等涨幅的成本一度攀升至一年多高位，但目前这一溢价水平正逐步回落。芝加哥期权交易所波动率指数(VIX)的平静态势显而易见。该指数3月9日一度触及35，创下市场焦虑升温的信号，但此后已逐步回落，周二收于22附近。巴克莱衍生品策略师指出，押注VIX跳升的期权需求低迷，加上做多VIX的交易所交易产品资金外流，均显示投资者并未陷入恐慌。BCA研究公司首席策略师诺亚·威斯伯格表示，尽管市场波动加剧，但标普500的跌幅\"相对温和\"。更大幅度的下跌仍有可能，但耗时仅回调5%或是个积极信号。纽约时间早盘，标普500指数期货上涨0.5%。若该指数本周末从近期高点回落5%，那么这一回调过程将耗时逾47天。CFRA数据显示，自二战以来，标普500指数从未在耗时超过40天回调5%后陷入熊市。时间因素或许也在市场情绪改善中发挥作用。富国银行投资研究所全球股票与实物资产主管萨米尔·萨马纳认为，地缘政治不确定性的加剧对华尔街而言\"并非新鲜事\"，唯一的变化是\"震中\"的转移。鉴于除非全球经济相当大一部分摇摇欲坠，否则剧烈抛售在历史上往往是短暂的，投资者\"与其试图逃避新的个别冲突，不如进行多元化配置\"。至于标普500何时能再创新高，CFRA的斯托瓦尔表示，只要出现冲突解决的任何潜在迹象都可能引爆行情。\"如果我们看到至少谈判在进行，这显然可能意味着敌对状态结束并拉低油价，我认为这将是一个触发因素，\"他表示，\"哪怕是谈判的前景，我认为也将大大有助于市场复苏并尝试创下历史新高。\"萨马纳则在寻找更具体的初始催化剂，即霍尔木兹海峡的重新开放。如果海峡迅速解封，市场将转而寻找下一个信号;但如果封锁持续，则可能对投资者构成压力。\"如果海峡重新开放，我们可能会进入区间震荡，直到其他不确定性因素明朗化，\"萨马纳表示，\"如果海峡关闭持续数月，那么油价大幅上涨的可能性可能导致标普500跌破200日移动均线这一关键支撑位，届时散户或将割肉离场。\"","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":1,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"tenantId":"TBCN","deviceId":"web-server-community-laohu8-v3","version":"4.42.0","shortVersion":"4.42.0","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2620256624","isCrawlerRequest":true}