{"id":7421,"date":"2025-11-17T16:22:41","date_gmt":"2025-11-17T08:22:41","guid":{"rendered":"https:\/\/www.kpai1.cn\/?p=7421"},"modified":"2025-11-17T16:22:47","modified_gmt":"2025-11-17T08:22:47","slug":"%e9%bb%84%e9%87%91%e4%b8%8e%e9%a3%8e%e9%99%a9%e8%b5%84%e4%ba%a7%e5%90%8c%e6%ad%a5%e6%b3%a2%e5%8a%a8%ef%bc%8cwmax%e8%a7%a3%e8%af%bb%e5%a4%9a%e9%87%8d%e5%8f%98%e9%87%8f%e4%b8%8b%e5%b8%82%e5%9c%ba","status":"publish","type":"post","link":"https:\/\/www.kpai1.cn\/vi\/luu-tru\/7421","title":{"rendered":"V\u00e0ng v\u00e0 t\u00e0i s\u1ea3n r\u1ee7i ro bi\u1ebfn \u0111\u1ed9ng \u0111\u1ed3ng th\u1eddi, Wmax di\u1ec5n gi\u1ea3i nh\u1eefng thay \u0111\u1ed5i trong logic ph\u00f2ng ng\u1eeba r\u1ee7i ro th\u1ecb tr\u01b0\u1eddng theo nhi\u1ec1u bi\u1ebfn s\u1ed1"},"content":{"rendered":"<p>Wmax Gi\u00e1m s\u00e1t th\u1ecb tr\u01b0\u1eddng theo th\u1eddi gian th\u1ef1c cho th\u1ea5y th\u1ecb tr\u01b0\u1eddng t\u00e0i ch\u00ednh to\u00e0n c\u1ea7u g\u1ea7n \u0111\u00e2y \u0111\u00e3 cho th\u1ea5y m\u1ed9t m\u00f4 h\u00ecnh hi\u1ebfm g\u1eb7p: v\u00e0ng, v\u1edbi t\u01b0 c\u00e1ch l\u00e0 t\u00e0i s\u1ea3n tr\u00fa \u1ea9n an to\u00e0n truy\u1ec1n th\u1ed1ng, \u0111\u00e3 gi\u1ea3m \u0111\u1ed3ng th\u1eddi v\u1edbi ch\u1ee9ng kho\u00e1n M\u1ef9, Bitcoin v\u00e0 c\u00e1c t\u00e0i s\u1ea3n r\u1ee7i ro kh\u00e1c. \u0110\u1eb1ng sau m\u1ed1i li\u00ean k\u1ebft b\u1ea5t th\u01b0\u1eddng n\u00e0y l\u00e0 m\u1ed9t m\u00f4i tr\u01b0\u1eddng ph\u1ee9c t\u1ea1p b\u1ecb chi ph\u1ed1i b\u1edfi nhu c\u1ea7u thanh kho\u1ea3n, nh\u1eefng \u0111i\u1ec1u ch\u1ec9nh \u0111\u1ed1i v\u1edbi k\u1ef3 v\u1ecdng ch\u00ednh s\u00e1ch c\u1ee7a Fed v\u00e0 s\u1ef1 b\u1ea5t \u1ed5n kinh t\u1ebf. \u0110i\u1ec1u \u0111\u00f3 c\u0169ng c\u00f3 ngh\u0129a l\u00e0 logic \u00e1c c\u1ea3m r\u1ee7i ro truy\u1ec1n th\u1ed1ng c\u1ee7a c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111ang ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi vi\u1ec7c t\u00e1i thi\u1ebft.<\/p>\n<p><a id=\"post-7421-heading_0\"><\/a><strong>Li\u00ean k\u1ebft t\u00e0i s\u1ea3n b\u1ea5t th\u01b0\u1eddng v\u00e0 s\u1ef1 th\u1ea5t b\u1ea1i ng\u1eafn h\u1ea1n c\u1ee7a t\u00e0i s\u1ea3n ph\u00f2ng ng\u1eeba r\u1ee7i ro<\/strong><\/p>\n<p>Th\u1ee9 S\u00e1u tu\u1ea7n tr\u01b0\u1edbc, v\u00e0ng giao ngay qu\u1ed1c t\u1ebf \u0111\u00e3 gi\u1ea3m h\u01a1n 3%, t\u1eebng \u0111\u1ea1t m\u1ee9c 4.030 USD\/ounce, v\u1edbi m\u1ee9c gi\u1ea3m h\u01a1n 130 USD trong ng\u00e0y. Trong c\u00f9ng th\u1eddi gian, ch\u1ec9 s\u1ed1 S&amp;P 500 t\u1eebng gi\u1ea3m 1,3% v\u00e0 Bitcoin ch\u1ea1m m\u1ee9c th\u1ea5p d\u01b0\u1edbi 95.000 USD v\u00e0 c\u1ea3 ba \u0111\u1ec1u \u0111\u00f3ng c\u1eeda v\u00e0o ng\u00e0y giao d\u1ecbch tr\u01b0\u1edbc \u0111\u00f3. S\u1ef1 suy gi\u1ea3m \u0111\u1ed3ng b\u1ed9 n\u00e0y \u0111\u00e3 ph\u00e1 v\u1ee1 quy t\u1eafc truy\u1ec1n th\u1ed1ng \u201cv\u00e0ng ti\u1ebfp qu\u1ea3n c\u00e1c qu\u1ef9 tr\u00fa \u1ea9n an to\u00e0n khi c\u00e1c t\u00e0i s\u1ea3n kh\u00e1c suy y\u1ebfu\u201d. Nh\u00f3m ph\u00e2n t\u00edch Wmax \u0111\u00e3 ch\u1ec9 ra r\u1eb1ng nhu c\u1ea7u thanh kho\u1ea3n ng\u1eafn h\u1ea1n l\u00e0 \u0111\u1ed9ng l\u1ef1c c\u1ed1t l\u00f5i. Khi m\u1ed9t \u0111\u1ee3t b\u00e1n th\u00e1o tr\u00ean th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n g\u00e2y ra l\u1ec7nh g\u1ecdi k\u00fd qu\u1ef9, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 s\u1ebd huy \u0111\u1ed9ng ti\u1ec1n m\u1eb7t b\u1eb1ng c\u00e1ch thanh l\u00fd c\u00e1c v\u1ecb th\u1ebf c\u00f3 l\u1ee3i nhu\u1eadn nh\u01b0 v\u00e0ng, khi\u1ebfn c\u00e1c t\u00e0i s\u1ea3n tr\u00fa \u1ea9n an to\u00e0n v\u00e0 r\u1ee7i ro ph\u1ea3i di chuy\u1ec3n theo.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" width=\"1266\" height=\"687\" class=\"wp-image-7423\" src=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/20251117_151748.png\" alt=\"\u5c40\u90e8\u622a\u53d6_20251117_151748\" srcset=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/20251117_151748.png 1266w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/20251117_151748-300x163.png 300w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/20251117_151748-1024x556.png 1024w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/20251117_151748-768x417.png 768w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/20251117_151748-18x10.png 18w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/20251117_151748-900x488.png 900w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/20251117_151748-600x326.png 600w\" sizes=\"(max-width: 1266px) 100vw, 1266px\" \/><\/p>\n<p>Nh\u1eadn \u0111\u1ecbnh n\u00e0y ph\u00f9 h\u1ee3p v\u1edbi quan \u0111i\u1ec3m c\u1ee7a Michael Armbruster, ng\u01b0\u1eddi \u0111\u1ed3ng s\u00e1ng l\u1eadp c\u00f4ng ty m\u00f4i gi\u1edbi t\u01b0\u01a1ng lai Altavest, v\u00e0 c\u0169ng \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 b\u1edfi d\u1eef li\u1ec7u t\u01b0\u01a1ng quan Wmax: m\u1ed1i t\u01b0\u01a1ng quan lu\u00e2n phi\u00ean trong 21 ng\u00e0y gi\u1eefa h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai v\u00e0ng s\u00f4i \u0111\u1ed9ng nh\u1ea5t v\u00e0 ch\u1ec9 s\u1ed1 S&amp;P 500 v\u00e0o th\u1ee9 S\u00e1u tu\u1ea7n tr\u01b0\u1edbc l\u00e0 0,22, cho th\u1ea5y m\u1ed1i t\u01b0\u01a1ng quan d\u01b0\u01a1ng nh\u1eb9 v\u00e0 m\u1ed1i t\u01b0\u01a1ng quan d\u01b0\u01a1ng v\u1eeba ph\u1ea3i t\u1ed5ng th\u1ec3 \u0111\u00e3 \u0111\u01b0\u1ee3c duy tr\u00ec t\u1eeb th\u00e1ng 10 \u0111\u1ebfn th\u00e1ng 11 cho \u0111\u1ebfn nay. \u0110i\u1ec1u \u0111\u00e1ng ch\u00fa \u00fd l\u00e0 m\u1ed1i t\u01b0\u01a1ng quan n\u00e0y kh\u00f4ng c\u1ed1 \u0111\u1ecbnh. Wmax \u0111\u00e3 xem x\u00e9t k\u1ef9 d\u1eef li\u1ec7u c\u1ea3 n\u0103m v\u00e0 nh\u1eadn th\u1ea5y r\u1eb1ng m\u1ed1i t\u01b0\u01a1ng quan lu\u00e2n phi\u00ean h\u00e0ng th\u00e1ng gi\u1eefa v\u00e0ng v\u00e0 ch\u1ec9 s\u1ed1 S&amp;P 500 dao \u0111\u1ed9ng gi\u1eefa d\u01b0\u01a1ng v\u00e0 \u00e2m, v\u1edbi m\u1ee9c trung b\u00ecnh h\u00e0ng n\u0103m g\u1ea7n b\u1eb1ng 0. Tuy nhi\u00ean, gi\u00e1 tr\u1ecb trung b\u00ecnh n\u00e0y che gi\u1ea5u \u0111\u1eb7c \u0111i\u1ec3m \u201c\u0111\u00f4i khi c\u00f3 m\u1ed1i t\u01b0\u01a1ng quan t\u00edch c\u1ef1c m\u1ea1nh m\u1ebd v\u00e0 \u0111\u00f4i khi c\u00f3 m\u1ed1i t\u01b0\u01a1ng quan ti\u00eau c\u1ef1c m\u1ea1nh m\u1ebd\u201d. Trong k\u1ecbch b\u1ea3n kh\u1ee7ng ho\u1ea3ng th\u1ef1c s\u1ef1, m\u1ed1i t\u01b0\u01a1ng quan c\u1ee7a t\u1ea5t c\u1ea3 c\u00e1c t\u00e0i s\u1ea3n s\u1ebd ti\u1ebfn t\u1edbi m\u1ee9c 1,0, ph\u00f9 h\u1ee3p v\u1edbi m\u00f4 h\u00ecnh l\u1ecbch s\u1eed c\u1ee7a s\u1ef1 s\u1ee5p \u0111\u1ed5 th\u1ecb tr\u01b0\u1eddng n\u0103m 2008 v\u00e0 s\u1ef1 s\u1ee5t gi\u1ea3m ng\u1eafn h\u1ea1n c\u1ee7a v\u00e0ng trong nh\u1eefng ng\u00e0y \u0111\u1ea7u c\u1ee7a d\u1ecbch Covid-19 n\u0103m 2020.<\/p>\n<p><a id=\"post-7421-heading_1\"><\/a><strong>Ch\u00ednh s\u00e1ch c\u1ee7a Fed d\u1eabn \u0111\u1ea7u, k\u1ef3 v\u1ecdng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t h\u1ea1 nhi\u1ec7t, k\u00ecm h\u00e3m gi\u00e1 v\u00e0ng<\/strong><\/p>\n<p>Wmax ti\u1ebfp t\u1ee5c theo d\u00f5i ch\u00ednh s\u00e1ch c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang cho th\u1ea5y nh\u1eefng b\u00ecnh lu\u1eadn di\u1ec1u h\u00e2u \u0111ang l\u00e0m thay \u0111\u1ed5i \u0111\u00e1ng k\u1ec3 k\u1ef3 v\u1ecdng c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u1ec1 vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t, tr\u1edf th\u00e0nh y\u1ebfu t\u1ed1 ch\u00ednh ng\u0103n c\u1ea3n s\u1ef1 t\u0103ng gi\u00e1 c\u1ee7a v\u00e0ng. Fed \u0111\u00e3 ho\u00e0n th\u00e0nh hai \u0111\u1ee3t c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t trong n\u0103m nay, nh\u01b0ng m\u1ed9t s\u1ed1 quan ch\u1ee9c vi\u1ec7n d\u1eabn lo ng\u1ea1i v\u1ec1 l\u1ea1m ph\u00e1t v\u00e0 s\u1ef1 \u1ed5n \u0111\u1ecbnh c\u1ee7a th\u1ecb tr\u01b0\u1eddng lao \u0111\u1ed9ng \u0111\u00e3 l\u00e0m suy y\u1ebfu k\u1ef3 v\u1ecdng v\u1ec1 m\u1ed9t \u0111\u1ee3t c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t kh\u00e1c v\u00e0o th\u00e1ng 12. Theo d\u1eef li\u1ec7u t\u1eeb C\u00f4ng c\u1ee5 theo d\u00f5i D\u1ef1 tr\u1eef Li\u00ean bang c\u1ee7a T\u1eadp \u0111o\u00e0n CME, th\u1ecb tr\u01b0\u1eddng hi\u1ec7n tin r\u1eb1ng x\u00e1c su\u1ea5t c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t 25 \u0111i\u1ec3m c\u01a1 b\u1ea3n trong th\u00e1ng 12 \u0111\u00e3 gi\u1ea3m xu\u1ed1ng 49%, gi\u1ea3m \u0111\u00e1ng k\u1ec3 so v\u1edbi 64% v\u00e0o \u0111\u1ea7u tu\u1ea7n n\u00e0y.<\/p>\n<p><img decoding=\"async\" width=\"859\" height=\"462\" class=\"wp-image-7424\" src=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/20251117_152644.png\" alt=\"\u5c40\u90e8\u622a\u53d6_20251117_152644\" srcset=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/20251117_152644.png 859w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/20251117_152644-300x161.png 300w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/20251117_152644-768x413.png 768w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/20251117_152644-18x10.png 18w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/20251117_152644-600x323.png 600w\" sizes=\"(max-width: 859px) 100vw, 859px\" \/><\/p>\n<p>Vi\u1ec7c ch\u00ednh ph\u1ee7 Hoa K\u1ef3 \u0111\u00f3ng c\u1eeda k\u1ef7 l\u1ee5c k\u00e9o d\u00e0i 43 ng\u00e0y tr\u01b0\u1edbc \u0111\u00f3 \u0111\u00e3 l\u00e0m gi\u00e1n \u0111o\u1ea1n vi\u1ec7c c\u00f4ng b\u1ed1 d\u1eef li\u1ec7u kinh t\u1ebf quan tr\u1ecdng v\u00e0 Nh\u00e0 Tr\u1eafng cho r\u1eb1ng d\u1eef li\u1ec7u th\u1ea5t nghi\u1ec7p th\u00e1ng 10 c\u00f3 th\u1ec3 kh\u00f4ng \u0111\u01b0\u1ee3c c\u00f4ng b\u1ed1, \u0111i\u1ec1u n\u00e0y c\u00e0ng l\u00e0m tr\u1ea7m tr\u1ecdng th\u00eam s\u1ef1 kh\u00f4ng ch\u1eafc ch\u1eafn v\u1ec1 k\u1ef3 v\u1ecdng ch\u00ednh s\u00e1ch. Nh\u00f3m ph\u00e2n t\u00edch v\u0129 m\u00f4 Wmax tin r\u1eb1ng v\u1edbi t\u01b0 c\u00e1ch l\u00e0 m\u1ed9t t\u00e0i s\u1ea3n phi thu nh\u1eadp, hi\u1ec7u su\u1ea5t c\u1ee7a v\u00e0ng ph\u1ee5 thu\u1ed9c nhi\u1ec1u v\u00e0o m\u00f4i tr\u01b0\u1eddng l\u00e3i su\u1ea5t. M\u1eb7c d\u00f9 s\u1ef1 b\u1ea5t \u1ed5n v\u1ec1 kinh t\u1ebf v\u1eabn h\u1ed7 tr\u1ee3 gi\u00e1 v\u00e0ng, nh\u01b0ng vi\u1ec7c k\u1ef3 v\u1ecdng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t suy y\u1ebfu \u0111\u00e3 tr\u1ef1c ti\u1ebfp h\u1ea1n ch\u1ebf xu h\u01b0\u1edbng t\u0103ng, \u0111i\u1ec1u n\u00e0y l\u1eb7p l\u1ea1i quan \u0111i\u1ec3m c\u1ee7a nh\u00e0 ph\u00e2n t\u00edch Ricardo Evangelista c\u1ee7a ActivTrades.<\/p>\n<p><a id=\"post-7421-heading_2\"><\/a><strong>Thanh kho\u1ea3n th\u1ecb tr\u01b0\u1eddng v\u00e0 c\u00e1c y\u1ebfu t\u1ed1 k\u1ef9 thu\u1eadt khu\u1ebfch \u0111\u1ea1i bi\u1ebfn \u0111\u1ed9ng ng\u1eafn h\u1ea1n<\/strong><\/p>\n<p>Ph\u00e2n t\u00edch c\u1ea5u tr\u00fac th\u1ecb tr\u01b0\u1eddng Wmax cho th\u1ea5y m\u00f4i tr\u01b0\u1eddng thanh kho\u1ea3n v\u00e0 c\u00e1c y\u1ebfu t\u1ed1 k\u1ef9 thu\u1eadt \u0111\u00f3ng vai tr\u00f2 quan tr\u1ecdng trong nh\u1eefng bi\u1ebfn \u0111\u1ed9ng g\u1ea7n \u0111\u00e2y c\u1ee7a v\u00e0ng. M\u1ed9t ph\u1ea7n nguy\u00ean nh\u00e2n khi\u1ebfn gi\u00e1 v\u00e0ng t\u0103ng trong tu\u1ea7n n\u00e0y xu\u1ea5t ph\u00e1t t\u1eeb m\u00f4 h\u00ecnh k\u1ef9 thu\u1eadt \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 \"gamma b\u00f3p\", trong \u0111\u00f3 c\u00e1c nh\u00e0 giao d\u1ecbch b\u00e1n quy\u1ec1n ch\u1ecdn gi\u00e1 th\u1ea5p bu\u1ed9c ph\u1ea3i mua h\u1ee3p \u0111\u1ed3ng t\u01b0\u01a1ng lai v\u00e0ng \u0111\u1ec3 ph\u00f2ng ng\u1eeba r\u1ee7i ro, c\u00fa s\u1ed1c gi\u00e1 c\u00e0ng \u0111\u01b0\u1ee3c khu\u1ebfch \u0111\u1ea1i b\u1edfi kho\u1ea3ng tr\u1ed1ng thanh kho\u1ea3n do kh\u1ed1i l\u01b0\u1ee3ng OTC gi\u1ea3m. Ngo\u00e0i ra, d\u1eef li\u1ec7u nhu c\u1ea7u v\u1eadt ch\u1ea5t do Wmax theo d\u00f5i cho th\u1ea5y nhu c\u1ea7u v\u00e0ng v\u1eadt ch\u1ea5t t\u1ea1i c\u00e1c th\u1ecb tr\u01b0\u1eddng l\u1edbn \u1edf ch\u00e2u \u00c1 y\u1ebfu trong tu\u1ea7n n\u00e0y. Gi\u00e1 cao \u0111\u00e3 k\u00ecm h\u00e3m ho\u1ea1t \u0111\u1ed9ng mua h\u00e0ng v\u00e0 m\u1ee9c gi\u1ea3m gi\u00e1 v\u00e0ng t\u1ea1i th\u1ecb tr\u01b0\u1eddng \u1ea4n \u0110\u1ed9 \u0111\u1ea1t m\u1ee9c cao nh\u1ea5t trong 5 th\u00e1ng, \u0111i\u1ec1u n\u00e0y c\u0169ng h\u1ea1n ch\u1ebf \u0111\u00e0 t\u0103ng c\u1ee7a v\u00e0ng t\u1eeb m\u1ee9c c\u01a1 b\u1ea3n.<\/p>\n<p><img decoding=\"async\" width=\"1034\" height=\"541\" class=\"wp-image-7425\" src=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/4.png\" alt=\"\u56fe\u7247 4\" srcset=\"https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/4.png 1034w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/4-300x157.png 300w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/4-1024x536.png 1024w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/4-768x402.png 768w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/4-18x9.png 18w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/4-900x471.png 900w, https:\/\/www.kpai1.cn\/wp-content\/uploads\/2025\/11\/4-600x314.png 600w\" sizes=\"(max-width: 1034px) 100vw, 1034px\" \/><\/p>\n<p><a id=\"post-7421-heading_3\"><\/a><strong>Logic d\u00e0i h\u1ea1n kh\u00f4ng thay \u0111\u1ed5i v\u00e0 ph\u00e2n b\u1ed5 \u0111a d\u1ea1ng v\u1eabn l\u00e0 ch\u00eca kh\u00f3a<\/strong><\/p>\n<p>B\u1ea5t ch\u1ea5p nh\u1eefng bi\u1ebfn \u0111\u1ed9ng d\u1eef d\u1ed9i trong ng\u1eafn h\u1ea1n, ph\u00e2n t\u00edch d\u00e0i h\u1ea1n c\u1ee7a Wmax tin r\u1eb1ng gi\u00e1 tr\u1ecb tr\u00fa \u1ea9n an to\u00e0n v\u00e0 logic ph\u00e2n b\u1ed5 c\u1ee7a v\u00e0ng v\u1ec1 c\u01a1 b\u1ea3n kh\u00f4ng thay \u0111\u1ed5i. D\u1eef li\u1ec7u l\u1ecbch s\u1eed cho th\u1ea5y sau v\u1ee5 s\u1ee5p \u0111\u1ed5 n\u0103m 2008 v\u00e0 s\u1ef1 suy gi\u1ea3m ng\u1eafn h\u1ea1n trong giai \u0111o\u1ea1n \u0111\u1ea7u c\u1ee7a d\u1ecbch b\u1ec7nh v\u00e0o n\u0103m 2020, v\u00e0ng \u0111\u00e3 ch\u1ea1m \u0111\u00e1y s\u1edbm h\u01a1n th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n v\u00e0 ph\u1ee5c h\u1ed3i m\u1ea1nh m\u1ebd h\u01a1n, cu\u1ed1i c\u00f9ng ti\u1ebfp t\u1ee5c xu h\u01b0\u1edbng t\u0103ng d\u00e0i h\u1ea1n v\u00e0 gi\u1ea3m t\u1ed5n th\u1ea5t chung c\u1ee7a danh m\u1ee5c \u0111\u1ea7u t\u01b0. Quan \u0111i\u1ec3m c\u1ee7a Gi\u00e1m \u0111\u1ed1c \u0111i\u1ec1u h\u00e0nh Allegiance Gold Alex Ebkarian tr\u00f9ng kh\u1edbp v\u1edbi quan \u0111i\u1ec3m c\u1ee7a Wmax: Khi chi ph\u00ed ng\u1eebng ho\u1ea1t \u0111\u1ed9ng d\u1ea7n d\u1ea7n tr\u1edf n\u00ean r\u00f5 r\u00e0ng v\u00e0 k\u1ebf ho\u1ea1ch chi ti\u00eau t\u0103ng l\u00ean, s\u1ef1 kh\u00f4ng ch\u1eafc ch\u1eafn k\u00e9p v\u1ec1 l\u1ea1m ph\u00e1t v\u00e0 t\u0103ng tr\u01b0\u1edfng s\u1ebd c\u00f3 l\u1ee3i cho kim lo\u1ea1i qu\u00fd.<\/p>\n<p>Cho \u0111\u1ebfn nay, v\u00e0ng v\u1eabn t\u0103ng g\u1ea7n 60% trong n\u0103m nay v\u00e0 d\u1ef1 ki\u1ebfn \u200b\u200bs\u1ebd c\u00f3 hi\u1ec7u su\u1ea5t h\u00e0ng n\u0103m t\u1ed1t nh\u1ea5t k\u1ec3 t\u1eeb n\u0103m 1979. Gi\u00e1 tr\u1ecb ph\u00e2n b\u1ed5 d\u00e0i h\u1ea1n v\u1eabn c\u00f2n t\u1ed3n t\u1ea1i. Wmax g\u1ee3i \u00fd r\u1eb1ng c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 n\u00ean nh\u00ecn xa h\u01a1n m\u1ee9c \u0111\u1ed9 nhi\u1ec5u c\u1ee7a th\u1ecb tr\u01b0\u1eddng ng\u1eafn h\u1ea1n v\u00e0 ch\u00fa \u00fd \u0111\u1ebfn t\u1ea7m quan tr\u1ecdng c\u1ee7a vi\u1ec7c \u0111a d\u1ea1ng h\u00f3a t\u00e0i s\u1ea3n. M\u00e2u thu\u1eabn c\u1ed1t l\u00f5i tr\u00ean th\u1ecb tr\u01b0\u1eddng hi\u1ec7n nay n\u1eb1m \u1edf tr\u00f2 ch\u01a1i gi\u1eefa bi\u1ebfn \u0111\u1ed9ng thanh kho\u1ea3n v\u00e0 k\u1ef3 v\u1ecdng ch\u00ednh s\u00e1ch. Trong t\u01b0\u01a1ng lai, ch\u00fang ta c\u1ea7n t\u1eadp trung v\u00e0o c\u00e1c t\u00edn hi\u1ec7u ch\u00ednh s\u00e1ch c\u1ee7a Fed, ti\u1ebfn tr\u00ecnh s\u1eeda ch\u1eefa d\u1eef li\u1ec7u kinh t\u1ebf v\u00e0 nh\u1eefng thay \u0111\u1ed5i trong kh\u1ea9u v\u1ecb r\u1ee7i ro th\u1ecb tr\u01b0\u1eddng to\u00e0n c\u1ea7u.<\/p>","protected":false},"excerpt":{"rendered":"<p>V\u00e0ng, ch\u1ee9ng kho\u00e1n M\u1ef9 v\u00e0 Bitcoin hi\u1ebfm khi gi\u1ea3m \u0111\u1ed3ng th\u1eddi. V\u00e0ng giao ngay t\u1eebng gi\u1ea3m xu\u1ed1ng d\u01b0\u1edbi 4.030 USD, ch\u1ee7 y\u1ebfu l\u00e0 do thanh kho\u1ea3n s\u1ee5t gi\u1ea3m v\u00e0 k\u1ef3 v\u1ecdng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t gi\u1ea3m m\u1ea1nh. M\u1ed1i t\u01b0\u01a1ng quan t\u00edch c\u1ef1c ng\u1eafn h\u1ea1n c\u00f3 th\u1ec3 ti\u1ebfp t\u1ee5c, logic tr\u00e1nh r\u1ee7i ro d\u00e0i h\u1ea1n kh\u00f4ng thay \u0111\u1ed5i v\u00e0 ph\u00e2n b\u1ed5 \u0111a d\u1ea1ng v\u1eabn l\u00e0 ch\u00eca kh\u00f3a.<\/p>","protected":false},"author":1,"featured_media":7422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[121],"tags":[163,160,159],"class_list":["post-7421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-news","tag-163","tag-160","tag-159"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/7421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/comments?post=7421"}],"version-history":[{"count":1,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/7421\/revisions"}],"predecessor-version":[{"id":7426,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/posts\/7421\/revisions\/7426"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media\/7422"}],"wp:attachment":[{"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/media?parent=7421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/categories?post=7421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kpai1.cn\/vi\/wp-json\/wp\/v2\/tags?post=7421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}