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BTC法天象地
感谢大饼，大饼让我重生！BTC一生信仰
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BTC法天象地
BTC法天象地
·
07-30 11:20
美股这个月跌的让人绝望！是世界大战了吗？很多个股一个月能跌80%！你大爷的
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BTC法天象地
BTC法天象地
·
07-24
今年美股跌的老惨了！可怕的是指数还在高位！如果指数回调，个股是不是归零啊！真恶心
“YOLO”散户反被套！动量因子创四年最大回撤，最热抱团股一个月蒸发25%
动量交易7月遭遇四年来最惨回撤，散户成为最大受害者，热门持仓篮子较6月高点跌逾25%，散户净买入降至疫情以来最低。尽管AI疑虑等因素引发拥挤交易瓦解，但华尔街认为抛售已过度，动量股正释放强劲反弹信号。
“YOLO”散户反被套！动量因子创四年最大回撤，最热抱团股一个月蒸发25%
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BTC法天象地
BTC法天象地
·
07-24
$甲骨文(ORCL)$
今年的美股太恶心了！指数在高位！个股都跌成狗屎了！这不是熊市是啥！跟大A一样恶心
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BTC法天象地
BTC法天象地
·
07-16
$英特尔(INTC)$
美股还是非常吓人的！大盘其实还在高位！但是为啥个股真的天天跌啊！跌的他爹都不认识了！恶心度不亚于缅A
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BTC法天象地
BTC法天象地
·
07-08
$纳斯达克(.IXIC)$
美股最近跟狗屎没区别！个股跌的他妈都不认识了
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BTC法天象地
BTC法天象地
·
06-23
$Strategy(MSTR)$
塞乐刺裸裸的大骗子！这种票跌成这个熊样也是够垃圾的
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BTC法天象地
BTC法天象地
·
04-07
个股体验感差太多了
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BTC法天象地
BTC法天象地
·
03-31
$D-Wave Quantum Inc.(QBTS)$
真的可以去死了白皮猪真恶心！跌起来比诈骗A还恶心！天天跌你妈个头啊！你去看看几个月你都跌多少了！
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BTC法天象地
BTC法天象地
·
03-31
$APPLIED DIGITAL CORP(APLD)$
美股暴跌起来！简直毫无人性！白皮猪果然更毒
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BTC法天象地
BTC法天象地
·
03-06
美股真垃圾！连A股都不如！天天跌你娘个头！垃圾玩意
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22:17","market":"us","language":"zh","title":"“YOLO”散户反被套！动量因子创四年最大回撤，最热抱团股一个月蒸发25%","url":"https://stock-news.laohu8.com/highlight/detail?id=2653080385","media":"华尔街见闻","summary":"动量交易7月遭遇四年来最惨回撤，散户成为最大受害者，热门持仓篮子较6月高点跌逾25%，散户净买入降至疫情以来最低。尽管AI疑虑等因素引发拥挤交易瓦解，但华尔街认为抛售已过度，动量股正释放强劲反弹信号。","content":"<html><head></head><body><p>动量交易的急速崩塌，正在重创其最忠实的拥趸——散户投资者。</p>\n<p>追踪散户最爱持仓的股票篮子本月跌幅创2022年以来最差，Jefferies编制的罗素1000高散户参与度篮子自6月以来已累计下跌逾25%。</p>\n<p>彭博追踪的11个量化因子中，动量因子7月表现垫底，成为本轮市场调整中受伤最深的策略。<strong>散户标志性的"YOLO"（你只活一次）式追涨操作，在这个月遭遇了正面冲击。</strong></p>\n<p>多重利空叠加是此次动量交易崩塌的主因：对人工智能巨额投资回报的疑虑促使对冲基金以创纪录速度平仓科技头寸，伊朗局势重燃以及美联储利率路径的不确定性进一步打压了这一已严重拥挤的交易。散户的市场参与度随之明显降温——Vanda Research数据显示，个股周度滚动净买入额已跌至新冠疫情以来最低水平。</p>\n<h2>动量因子遭遇四年最大回撤，散户首当其冲</h2>\n<p>本月动量交易的溃败，对散户投资者造成了尤为直接的打击。</p>\n<p><a href=\"https://laohu8.com/S/HOOD\">Robinhood</a> Markets和Marvell等散户重仓股均在其中，<strong>相关篮子本月跌幅为2022年以来最大。</strong></p>\n<p>Vanda Research全球宏观策略师Viraj Patel指出，"半导体和AI硬件股票一直是动量策略的核心驱动力，这些名字在散户投资组合中由来已久。"正是这种高度集中的持仓结构，使得动量因子的回撤对散户的杀伤力远超其他群体。</p>\n<h2>多重利空叠加，拥挤交易加速瓦解</h2>\n<p>此次动量交易的崩塌并非单一因素所致。</p>\n<p>据彭博报道，对AI投资回报前景的疑虑首先触发了对冲基金以创纪录速度削减科技头寸；随后，伊朗局势的再度紧张以及市场对美联储利率走向的担忧，进一步侵蚀了投资者对这一已高度拥挤交易的信心。</p>\n<p>在板块层面，科技类ETF遭遇大规模资金外流。</p>\n<h2>散户参与度降至疫情以来最低，但并未全面撤退</h2>\n<p>散户的市场活跃度在此轮冲击中明显收缩。</p>\n<p>Vanda Research数据显示，个股周度滚动净买入额已降至新冠疫情以来最低水平。<a href=\"https://laohu8.com/S/JPM\">摩根大通</a>证券数据则显示，截至本周三的当周散户资金流入总额为57亿美元，低于过去12个月68亿美元的周均水平。</p>\n<p>摩根大通的Arun Jain在报告中写道，"散户参与度的放缓，与近期市场围绕动量回撤所呈现的紧张情绪高度吻合。"</p>\n<p>不过，摩根大通数据同时显示，散户并未全面出逃，而是变得更加挑剔。</p>\n<p><a href=\"https://laohu8.com/S/MSFT\">微软</a>和<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>仍持续吸引可观的净买入，而<a href=\"https://laohu8.com/S/AAPL\">苹果</a>和<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>则承受了最大的卖出压力。Patel表示，"<strong>散户资金流向正变得非常分散。不像去年'买入一切AI'的逻辑，现在散户的选股非常谨慎。</strong>"</p>\n<h2>华尔街建议逢低布局，动量因子现强劲反弹信号</h2>\n<p>急速下跌已促使华尔街多家交易台建议客户逢低买入。</p>\n<p>瑞银证券的Michael Romano在客户报告中写道，此轮抛售可能已消化了大部分投机性泡沫，或已为价格筑底。<strong>美国银行交易台则敦促客户买入美国动量股，认为经历一轮获利了结后，该板块已进入具有吸引力的入场时机。</strong></p>\n<p>从近期数据来看，反弹信号已经出现。<strong>美国银行的美国动量股篮子过去三个交易日上涨8.9%，为2024年11月以来最大三日涨幅；瑞银的动量指标更是飙升11%，创2022年以来最大三日涨幅。</strong></p>\n<p>Patel表示，"动量交易——以及散户——经历了一段过山车行情。但一旦卖出压力消退、买方罢工结束，实现有意义反弹的条件将愈发充分。"</p></body></html>","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>“YOLO”散户反被套！动量因子创四年最大回撤，最热抱团股一个月蒸发25%</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“YOLO”散户反被套！动量因子创四年最大回撤，最热抱团股一个月蒸发25%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time\">2026-07-24 22:17</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>动量交易的急速崩塌，正在重创其最忠实的拥趸——散户投资者。</p>\n<p>追踪散户最爱持仓的股票篮子本月跌幅创2022年以来最差，Jefferies编制的罗素1000高散户参与度篮子自6月以来已累计下跌逾25%。</p>\n<p>彭博追踪的11个量化因子中，动量因子7月表现垫底，成为本轮市场调整中受伤最深的策略。<strong>散户标志性的"YOLO"（你只活一次）式追涨操作，在这个月遭遇了正面冲击。</strong></p>\n<p>多重利空叠加是此次动量交易崩塌的主因：对人工智能巨额投资回报的疑虑促使对冲基金以创纪录速度平仓科技头寸，伊朗局势重燃以及美联储利率路径的不确定性进一步打压了这一已严重拥挤的交易。散户的市场参与度随之明显降温——Vanda Research数据显示，个股周度滚动净买入额已跌至新冠疫情以来最低水平。</p>\n<h2>动量因子遭遇四年最大回撤，散户首当其冲</h2>\n<p>本月动量交易的溃败，对散户投资者造成了尤为直接的打击。</p>\n<p><a href=\"https://laohu8.com/S/HOOD\">Robinhood</a> Markets和Marvell等散户重仓股均在其中，<strong>相关篮子本月跌幅为2022年以来最大。</strong></p>\n<p>Vanda Research全球宏观策略师Viraj Patel指出，"半导体和AI硬件股票一直是动量策略的核心驱动力，这些名字在散户投资组合中由来已久。"正是这种高度集中的持仓结构，使得动量因子的回撤对散户的杀伤力远超其他群体。</p>\n<h2>多重利空叠加，拥挤交易加速瓦解</h2>\n<p>此次动量交易的崩塌并非单一因素所致。</p>\n<p>据彭博报道，对AI投资回报前景的疑虑首先触发了对冲基金以创纪录速度削减科技头寸；随后，伊朗局势的再度紧张以及市场对美联储利率走向的担忧，进一步侵蚀了投资者对这一已高度拥挤交易的信心。</p>\n<p>在板块层面，科技类ETF遭遇大规模资金外流。</p>\n<h2>散户参与度降至疫情以来最低，但并未全面撤退</h2>\n<p>散户的市场活跃度在此轮冲击中明显收缩。</p>\n<p>Vanda Research数据显示，个股周度滚动净买入额已降至新冠疫情以来最低水平。<a href=\"https://laohu8.com/S/JPM\">摩根大通</a>证券数据则显示，截至本周三的当周散户资金流入总额为57亿美元，低于过去12个月68亿美元的周均水平。</p>\n<p>摩根大通的Arun Jain在报告中写道，"散户参与度的放缓，与近期市场围绕动量回撤所呈现的紧张情绪高度吻合。"</p>\n<p>不过，摩根大通数据同时显示，散户并未全面出逃，而是变得更加挑剔。</p>\n<p><a href=\"https://laohu8.com/S/MSFT\">微软</a>和<a href=\"https://laohu8.com/S/NVDA\">英伟达</a>仍持续吸引可观的净买入，而<a href=\"https://laohu8.com/S/AAPL\">苹果</a>和<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>则承受了最大的卖出压力。Patel表示，"<strong>散户资金流向正变得非常分散。不像去年'买入一切AI'的逻辑，现在散户的选股非常谨慎。</strong>"</p>\n<h2>华尔街建议逢低布局，动量因子现强劲反弹信号</h2>\n<p>急速下跌已促使华尔街多家交易台建议客户逢低买入。</p>\n<p>瑞银证券的Michael Romano在客户报告中写道，此轮抛售可能已消化了大部分投机性泡沫，或已为价格筑底。<strong>美国银行交易台则敦促客户买入美国动量股，认为经历一轮获利了结后，该板块已进入具有吸引力的入场时机。</strong></p>\n<p>从近期数据来看，反弹信号已经出现。<strong>美国银行的美国动量股篮子过去三个交易日上涨8.9%，为2024年11月以来最大三日涨幅；瑞银的动量指标更是飙升11%，创2022年以来最大三日涨幅。</strong></p>\n<p>Patel表示，"动量交易——以及散户——经历了一段过山车行情。但一旦卖出压力消退、买方罢工结束，实现有意义反弹的条件将愈发充分。"</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4ac494ab6270d0f00852bcbe4f20cfa3","relate_stocks":{"HOOW":"Roundhill HOOD WeeklyPay™ ETF","BK4585":"ETF&股票定投概念","MRVU":"Direxion Daily MRVL Bull 2X ETF","HOOI":"Defiance Leveraged Long + Income HOOD ETF","MTUM":"MSCI美国动量因素ETF-iShares Edge","SEIM":"SEI Enhanced U.S. Large Cap Momentum Factor ETF","HOOG":"2倍做多HOOD ETF- Leverage Shares","HOII":"REX HOOD Growth & Income ETF","HOOD":"Robinhood","JOET":"Virtus Terranova U.S. Quality Momentum ETF","XMVM":"Invesco S&P MidCap Value with Momentum ETF","BK4588":"碎股","HOYY":"GraniteShares YieldBOOST HOOD ETF","QMOM":"Alpha Architect U.S. Quantitative Momentum ETF","HOOZ":"2倍做空HOOD ETF-Defiance","HODU":"Direxion Daily HOOD Bull 2X ETF","HOOY":"HOOD期权收益策略ETF-YieldMax","MRVL":"迈威尔科技","MVLL":"2倍做多MRVL ETF-GraniteShares","ROBN":"2倍做多HOOD ETF-T-REX","HOOX":"2倍做多HOOD ETF-Defiance"},"source_url":"https://wallstreetcn.com/articles/3777891","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2653080385","content_text":"动量交易的急速崩塌，正在重创其最忠实的拥趸——散户投资者。\n追踪散户最爱持仓的股票篮子本月跌幅创2022年以来最差，Jefferies编制的罗素1000高散户参与度篮子自6月以来已累计下跌逾25%。\n彭博追踪的11个量化因子中，动量因子7月表现垫底，成为本轮市场调整中受伤最深的策略。散户标志性的\"YOLO\"（你只活一次）式追涨操作，在这个月遭遇了正面冲击。\n多重利空叠加是此次动量交易崩塌的主因：对人工智能巨额投资回报的疑虑促使对冲基金以创纪录速度平仓科技头寸，伊朗局势重燃以及美联储利率路径的不确定性进一步打压了这一已严重拥挤的交易。散户的市场参与度随之明显降温——Vanda Research数据显示，个股周度滚动净买入额已跌至新冠疫情以来最低水平。\n动量因子遭遇四年最大回撤，散户首当其冲\n本月动量交易的溃败，对散户投资者造成了尤为直接的打击。\nRobinhood Markets和Marvell等散户重仓股均在其中，相关篮子本月跌幅为2022年以来最大。\nVanda Research全球宏观策略师Viraj Patel指出，\"半导体和AI硬件股票一直是动量策略的核心驱动力，这些名字在散户投资组合中由来已久。\"正是这种高度集中的持仓结构，使得动量因子的回撤对散户的杀伤力远超其他群体。\n多重利空叠加，拥挤交易加速瓦解\n此次动量交易的崩塌并非单一因素所致。\n据彭博报道，对AI投资回报前景的疑虑首先触发了对冲基金以创纪录速度削减科技头寸；随后，伊朗局势的再度紧张以及市场对美联储利率走向的担忧，进一步侵蚀了投资者对这一已高度拥挤交易的信心。\n在板块层面，科技类ETF遭遇大规模资金外流。\n散户参与度降至疫情以来最低，但并未全面撤退\n散户的市场活跃度在此轮冲击中明显收缩。\nVanda Research数据显示，个股周度滚动净买入额已降至新冠疫情以来最低水平。摩根大通证券数据则显示，截至本周三的当周散户资金流入总额为57亿美元，低于过去12个月68亿美元的周均水平。\n摩根大通的Arun Jain在报告中写道，\"散户参与度的放缓，与近期市场围绕动量回撤所呈现的紧张情绪高度吻合。\"\n不过，摩根大通数据同时显示，散户并未全面出逃，而是变得更加挑剔。\n微软和英伟达仍持续吸引可观的净买入，而苹果和特斯拉则承受了最大的卖出压力。Patel表示，\"散户资金流向正变得非常分散。不像去年'买入一切AI'的逻辑，现在散户的选股非常谨慎。\"\n华尔街建议逢低布局，动量因子现强劲反弹信号\n急速下跌已促使华尔街多家交易台建议客户逢低买入。\n瑞银证券的Michael Romano在客户报告中写道，此轮抛售可能已消化了大部分投机性泡沫，或已为价格筑底。美国银行交易台则敦促客户买入美国动量股，认为经历一轮获利了结后，该板块已进入具有吸引力的入场时机。\n从近期数据来看，反弹信号已经出现。美国银行的美国动量股篮子过去三个交易日上涨8.9%，为2024年11月以来最大三日涨幅；瑞银的动量指标更是飙升11%，创2022年以来最大三日涨幅。\nPatel表示，\"动量交易——以及散户——经历了一段过山车行情。但一旦卖出压力消退、买方罢工结束，实现有意义反弹的条件将愈发充分。\"","news_type":1,"symbols_score_info":{"HOOX":0.6,"ROBN":0.6,"HOOY":0.6,"HOII":0.6,"HODU":0.6,"HOOI":0.6,"MRVL":2,"JOET":1.5,"MTUM":1.5,"SEIM":1.5,"HOOG":0.6,"MRVU":0.6,"XMVM":1.5,"MVLL":0.6,"HOYY":0.6,"HOOD":2,"HOOW":0.6,"QMOM":1.5,"HOOZ":0.6}},"isVote":1,"tweetType":1,"viewCount":344,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":589301687640840,"gmtCreate":1784903914061,"gmtModify":1784905828632,"author":{"id":"4197270668289212","authorId":"4197270668289212","name":"BTC法天象地","avatar":"https://static.tigerbbs.com/6c56c047ca1171940865a5224bb16990","crmLevel":6,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4197270668289212","authorIdStr":"4197270668289212"},"themes":[],"title":"","htmlText":"<a href=\"https://laohu8.com/S/ORCL\">$甲骨文(ORCL)$ </a> 今年的美股太恶心了！指数在高位！个股都跌成狗屎了！这不是熊市是啥！跟大A一样恶心","listText":"<a href=\"https://laohu8.com/S/ORCL\">$甲骨文(ORCL)$ </a> 今年的美股太恶心了！指数在高位！个股都跌成狗屎了！这不是熊市是啥！跟大A一样恶心","text":"$甲骨文(ORCL)$ 今年的美股太恶心了！指数在高位！个股都跌成狗屎了！这不是熊市是啥！跟大A一样恶心","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/589301687640840","isVote":1,"tweetType":1,"viewCount":706,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3472532348212000","authorId":"3472532348212000","name":"chenx32401","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":0,"idStr":"3472532348212000","authorIdStr":"3472532348212000"},"content":"让你不买指数呢 巴菲特说过了 美股最好的资产是 标普","text":"让你不买指数呢 巴菲特说过了 美股最好的资产是 标普","html":"让你不买指数呢 巴菲特说过了 美股最好的资产是 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