$纳斯达克(.IXI_老虎社区_美港股上老虎

$纳斯达克(.IXIC)$ 联储嘴越硬，市场越要盯着实际利率，现在离真正紧缩差得远。历史经验显示，首次降息预期落空后的三个月，成长股往往跑赢价值股，因为资金会扎堆押注真正能穿越周期的标的。

特朗普全面关税生效，包括对中国产品征收 104% 的关税，引发债券市场暴跌。周三亚洲午间时段，30年期美债收益率迅速拉升20多个基点，盘中一度升破5%，现报4.915%；10年期美债收益率持续飙涨，逼近4.5%。【大家现在是偏向于避险（美债、黄金），还是偏向于进取（顺势做空指数）？该恐慌or贪婪？】

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