{"id":9781,"date":"2026-04-28T16:35:48","date_gmt":"2026-04-28T08:35:48","guid":{"rendered":"https:\/\/www.kpai1.cn\/?p=9781"},"modified":"2026-04-28T16:35:52","modified_gmt":"2026-04-28T08:35:52","slug":"%e6%9c%ba%e6%9e%84%e6%92%a4%e7%a6%bb%e6%95%a3%e6%88%b7%e6%8e%a5%e7%9b%98%ef%bc%9f%e6%a0%87%e6%99%ae500%e5%ae%b9%e9%94%99%e7%8e%87%e5%b7%b2%e5%8e%8b%e7%bc%a9%e8%87%b3%e5%8e%86%e5%8f%b2%e4%bd%8e","status":"publish","type":"post","link":"https:\/\/www.kpai1.cn\/vi\/luu-tru\/9781","title":{"rendered":"C\u00e1c t\u1ed5 ch\u1ee9c s\u1ebd r\u00fat kh\u1ecfi c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 b\u00e1n l\u1ebb v\u00e0 ti\u1ebfp qu\u1ea3n? T\u1ef7 l\u1ec7 ch\u1ea5p nh\u1eadn l\u1ed7i c\u1ee7a S&P 500 \u0111\u00e3 gi\u1ea3m xu\u1ed1ng m\u1ee9c th\u1ea5p l\u1ecbch s\u1eed!"},"content":{"rendered":"

Wmax tin r\u1eb1ng th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n M\u1ef9 hi\u1ec7n t\u1ea1i \u0111ang \u1edf m\u1ee9cK\u1ef3 v\u1ecdng c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t \u1edf ph\u00eda m\u1eabu s\u1ed1 b\u1ecb r\u00fat qu\u00e1 m\u1ee9c tr\u01b0\u1edbc th\u1eddi h\u1ea1n<\/strong>\u4e0e\u0110\u1ed9c quy\u1ec1n l\u1ee3i nhu\u1eadn \u0111\u1ed9c quy\u1ec1n c\u00f4ng ngh\u1ec7 ph\u00e2n t\u1eed<\/strong>Trong th\u1ecb tr\u01b0\u1eddng gi\u00e1 l\u00ean c\u1ef1c \u0111oan \u0111\u01b0\u1ee3c th\u00fac \u0111\u1ea9y b\u1edfi c\u00e1c l\u1ef1c l\u01b0\u1ee3ng k\u00e9p. Trong b\u1ed1i c\u1ea3nh l\u1ec5 h\u1ed9i l\u1ecbch s\u1eed ch\u1ee9ng ki\u1ebfn \u200b\u200bS&P 500 v\u01b0\u1ee3t qua 7.100 \u0111i\u1ec3m v\u00e0 ch\u1ec9 s\u1ed1 Nasdaq \u0111\u1ea1t 24.000 \u0111i\u1ec3m, th\u1ecb tr\u01b0\u1eddng \u0111ang ph\u1ea3i \u0111\u1ed1i m\u1eb7t v\u1edbi ba m\u1ed1i lo ti\u1ec1m \u1ea9n: \u0111\u1ecbnh gi\u00e1 ho\u00e0n to\u00e0n sai l\u1ec7ch so v\u1edbi c\u00e1c nguy\u00ean t\u1eafc c\u01a1 b\u1ea3n, c\u01a1 c\u1ea5u giao d\u1ecbch c\u1ef1c k\u1ef3 m\u00e9o m\u00f3 v\u00e0 tr\u00f2 ch\u01a1i v\u1ed1n b\u1ecb sai l\u1ec7ch nghi\u00eam tr\u1ecdng. Th\u00f4ng qua x\u00e1c th\u1ef1c ch\u00e9o \u0111a chi\u1ec1u c\u1ee7a chu k\u1ef3 v\u0129 m\u00f4, h\u1ec7 th\u1ed1ng \u0111\u1ecbnh gi\u00e1, c\u1ea5u tr\u00fac chip v\u00e0 th\u1ecb tr\u01b0\u1eddng ph\u00e1i sinh, nh\u00f3m Wmax x\u00e1c \u0111\u1ecbnh r\u1eb1ng kh\u1ea3 n\u0103ng ch\u1ecbu l\u1ed7i c\u1ee7a th\u1ecb tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i \u0111\u00e3 b\u1ecb n\u00e9n xu\u1ed1ng m\u1ee9c th\u1ea5p l\u1ecbch s\u1eed v\u00e0 nguy c\u01a1 m\u00f9 qu\u00e1ng theo \u0111u\u1ed5i m\u1ee9c cao l\u1edbn h\u01a1n nhi\u1ec1u so v\u1edbi l\u1ee3i nhu\u1eadn ti\u1ec1m n\u0103ng. Chi\u1ebfn l\u01b0\u1ee3c t\u1ed1i \u01b0u l\u00e0 t\u1eeb b\u1ecf n\u1ed7i \u00e1m \u1ea3nh v\u1ec1 nh\u1eefng d\u1ef1 b\u00e1o h\u00e0ng \u0111\u1ea7u, n\u1eafm gi\u1eef d\u00f2ng ti\u1ec1n cu\u1ed1i c\u00f9ng v\u00e0 ki\u00ean nh\u1eabn ch\u1edd \u0111\u1ee3i nh\u1eefng c\u01a1 h\u1ed9i x\u00e1c \u0111\u1ecbnh sau khi bi\u1ebfn \u0111\u1ed9ng quay tr\u1edf l\u1ea1i.<\/p>\n

<\/a>C\u1ed9ng h\u01b0\u1edfng b\u00e1nh xe \u0111\u00f4i v\u0129 m\u00f4: logic thi\u1ebft y\u1ebfu c\u1ee7a th\u1ecb tr\u01b0\u1eddng \u00e9p ng\u1eafn<\/strong><\/p>\n

Xu h\u01b0\u1edbng b\u00e1n kh\u1ed1ng hi\u1ec7n nay c\u1ee7a ch\u1ee9ng kho\u00e1n M\u1ef9 v\u01b0\u1ee3t xa k\u1ef3 v\u1ecdng c\u1ee7a th\u1ecb tr\u01b0\u1eddng kh\u00f4ng ph\u1ea3i do s\u1ef1 ph\u1ee5c h\u1ed3i to\u00e0n di\u1ec7n c\u1ee7a n\u1ec1n kinh t\u1ebf th\u1ef1c, m\u00e0 l\u00e0 s\u1ef1 c\u1ed9ng h\u01b0\u1edfng ho\u00e0n h\u1ea3o gi\u1eefa k\u1ef3 v\u1ecdng thanh kho\u1ea3n v\u00e0 s\u1ee9c m\u1ea1nh \u0111\u1ed9c quy\u1ec1n c\u00f4ng ngh\u1ec7. \u0110\u00e2y c\u0169ng l\u00e0 logic th\u00fac \u0111\u1ea9y c\u1ed1t l\u00f5i m\u00e0 Wmax ti\u1ebfp t\u1ee5c nh\u1ea5n m\u1ea1nh k\u1ec3 t\u1eeb \u0111\u1ea7u n\u0103m 2026. T\u1eeb kh\u00eda c\u1ea1nh m\u1eabu s\u1ed1, s\u1ef1 \u0111\u1eb7t c\u01b0\u1ee3c m\u1ea1nh m\u1ebd c\u1ee7a th\u1ecb tr\u01b0\u1eddng v\u00e0o vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t c\u1ee7a C\u1ee5c D\u1ef1 tr\u1eef Li\u00ean bang trong n\u0103m ti\u1ebfp t\u1ee5c h\u1ea1 th\u1ea5p k\u1ef3 v\u1ecdng v\u1ec1 l\u1ee3i su\u1ea5t tr\u00e1i phi\u1ebfu d\u00e0i h\u1ea1n c\u1ee7a M\u1ef9. H\u01b0\u1edbng d\u1eabn s\u1eafp t\u1edbi v\u1ec1 vi\u1ec7c gi\u1ea3m l\u00e3i su\u1ea5t phi r\u1ee7i ro \u0111\u00e3 khu\u1ebfch \u0111\u1ea1i \u0111\u00e1ng k\u1ec3 gi\u00e1 tr\u1ecb k\u1ef3 h\u1ea1n c\u1ee7a c\u1ed5 phi\u1ebfu t\u0103ng tr\u01b0\u1edfng, bu\u1ed9c c\u00e1c qu\u1ef9 gia t\u0103ng ph\u1ea3i t\u1eadp trung v\u00e0o c\u00e1c l\u0129nh v\u1ef1c c\u00f4ng ngh\u1ec7 c\u00f3 \u0111\u1ed9 co gi\u00e3n cao, mang l\u1ea1i t\u00ednh thanh kho\u1ea3n cho vi\u1ec7c \u0111\u1ecbnh gi\u00e1 cao c\u1ee7a nh\u1eefng g\u00e3 kh\u1ed5ng l\u1ed3 c\u00f4ng ngh\u1ec7.<\/p>\n

\"\u0110\u00e1nh<\/p>\n

T\u1eeb g\u00f3c \u0111\u1ed9 ph\u00e2n t\u1eed, b\u1ea3y g\u00e3 kh\u1ed5ng l\u1ed3 c\u00f4ng ngh\u1ec7 v\u1edbi AI l\u00e0 c\u1ed1t l\u00f5i \u0111\u00e3 ch\u1ee9ng t\u1ecf kh\u1ea3 n\u0103ng sinh l\u1eddi v\u00e0 s\u1ee9c m\u1ea1nh \u0111\u1ed9c quy\u1ec1n v\u01b0\u1ee3t tr\u1ed9i. M\u1ee9c t\u0103ng tr\u01b0\u1edfng l\u1ee3i nhu\u1eadn cao h\u01a1n d\u1ef1 ki\u1ebfn \u200b\u200b\u200b\u200btrong qu\u00fd \u0111\u1ea7u ti\u00ean kh\u1eb3ng \u0111\u1ecbnh l\u1ee3i th\u1ebf tuy\u1ec7t \u0111\u1ed1i c\u1ee7a n\u00f3 v\u1ec1 c\u00e1c r\u00e0o c\u1ea3n s\u1ee9c m\u1ea1nh t\u00ednh to\u00e1n, h\u1ec7 sinh th\u00e1i d\u1eef li\u1ec7u v\u00e0 ti\u1ebfng n\u00f3i c\u1ee7a chu\u1ed7i c\u00f4ng nghi\u1ec7p. Tuy nhi\u00ean, ki\u1ec3u t\u0103ng tr\u01b0\u1edfng thu nh\u1eadp n\u00e0y cho th\u1ea5y \u0111\u1eb7c \u0111i\u1ec3m c\u1ee7a s\u1ef1 \u201ct\u1eadp trung \u0111\u1ea7u \u00f3c\u201d c\u1ef1c \u0111\u1ed9. V\u1ec1 c\u01a1 b\u1ea3n, \u0111\u00e2y l\u00e0 m\u1ed9t cu\u1ed9c t\u1ea5n c\u00f4ng gi\u1ea3m quy m\u00f4 c\u1ee7a c\u00e1c nh\u00e0 t\u00e0i phi\u1ec7t c\u00f4ng ngh\u1ec7 \u0111\u1ed1i v\u1edbi 495 c\u1ed5 phi\u1ebfu c\u1ea5u th\u00e0nh S&P c\u00f2n l\u1ea1i, thay v\u00ec c\u1ea3i thi\u1ec7n c\u00e1c nguy\u00ean t\u1eafc c\u01a1 b\u1ea3n c\u1ee7a to\u00e0n b\u1ed9 th\u1ecb tr\u01b0\u1eddng. Wmax \u0111\u1eb7c bi\u1ec7t ch\u1ec9 ra r\u1eb1ng s\u1ef1 k\u1ebft h\u1ee3p gi\u1eefa \"k\u1ef3 v\u1ecdng ti\u1ec1n t\u1ec7 r\u1ed9ng + kh\u1ea3 n\u0103ng sinh l\u1eddi h\u1eb9p\" trong l\u1ecbch s\u1eed \u0111\u00e3 d\u1ec5 d\u00e0ng d\u1eabn \u0111\u1ebfn c\u1ea5u tr\u00fac \"\u0111\u1ec9nh\" v\u1ec1 gi\u00e1 t\u00e0i s\u1ea3n. Th\u1ecb tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i \u0111\u00e3 v\u01b0\u1ee3t qu\u00e1 l\u1ee3i \u00edch c\u1ee7a vi\u1ec7c c\u1eaft gi\u1ea3m l\u00e3i su\u1ea5t \u00edt nh\u1ea5t 2-3 l\u1ea7n tr\u01b0\u1edbc \u0111\u00f3 v\u00e0 b\u1ea5t k\u1ef3 t\u00edn hi\u1ec7u n\u00e0o cho th\u1ea5y ch\u00ednh s\u00e1ch ti\u1ec1n t\u1ec7 \u0111ang chuy\u1ec3n bi\u1ebfn \u00edt h\u01a1n d\u1ef1 ki\u1ebfn \u200b\u200bc\u00f3 th\u1ec3 g\u00e2y ra s\u1ef1 \u0111i\u1ec1u ch\u1ec9nh nhanh ch\u00f3ng trong \u0111\u1ecbnh gi\u00e1.<\/p>\n

<\/a>\u0110\u1ecbnh gi\u00e1 \u0111\u00e3 \u0111\u1ea1t \u0111\u1ebfn \u0111\u1ec9nh \u0111i\u1ec3m: ba ch\u1ec9 b\u00e1o c\u1ed5 \u0111i\u1ec3n gi\u00f3ng l\u00ean h\u1ed3i chu\u00f4ng c\u1ea3nh b\u00e1o<\/strong><\/p>\n

Bong b\u00f3ng \u0111\u1ecbnh gi\u00e1 \u0111\u00e3 t\u00e1ch kh\u1ecfi c\u00e1c nguy\u00ean t\u1eafc c\u01a1 b\u1ea3n cu\u1ed1i c\u00f9ng s\u1ebd quay tr\u1edf l\u1ea1i. Ba ch\u1ec9 s\u1ed1 \u0111\u1ecbnh gi\u00e1 c\u1ed1t l\u00f5i \u0111\u01b0\u1ee3c Wmax theo d\u00f5i \u0111\u1ec1u \u0111\u00e3 v\u01b0\u1ee3t qu\u00e1 ng\u01b0\u1ee1ng c\u1ea3nh b\u00e1o l\u1ecbch s\u1eed, g\u1eedi \u0111i nh\u1eefng t\u00edn hi\u1ec7u r\u1ee7i ro r\u00f5 r\u00e0ng:<\/p>\n

    \n
  1. T\u1ef7 l\u1ec7 gi\u00e1 tr\u00ean thu nh\u1eadp (CAPE) c\u1ee7a Shiller ti\u1ebfn g\u1ea7n \u0111\u1ebfn m\u1ee9c c\u1ef1c \u0111oan trong l\u1ecbch s\u1eed<\/strong>: Ch\u1ec9 s\u1ed1 hi\u1ec7n t\u1ea1i \u0111\u00e3 t\u0103ng v\u1ecdt l\u00ean 39,5 l\u1ea7n, kh\u00f4ng ch\u1ec9 v\u01b0\u1ee3t xa m\u1ee9c trung b\u00ecnh l\u1ecbch s\u1eed d\u00e0i h\u1ea1n l\u00e0 17 l\u1ea7n, m\u00e0 c\u00f2n ti\u1ebfn g\u1ea7n \u0111\u1ebfn m\u1ee9c c\u1ef1c \u0111oan tr\u01b0\u1edbc cu\u1ed9c \u0110\u1ea1i suy tho\u00e1i n\u0103m 1929 v\u00e0 s\u1ef1 b\u00f9ng n\u1ed5 c\u1ee7a bong b\u00f3ng Internet n\u0103m 2000. \u0110\u00e1nh gi\u00e1 d\u1eef li\u1ec7u l\u1ecbch s\u1eed cho th\u1ea5y khi CAPE v\u01b0\u1ee3t qu\u00e1 35 l\u1ea7n, l\u1ee3i nhu\u1eadn v\u01b0\u1ee3t tr\u1ed9i c\u1ee7a ch\u1ee9ng kho\u00e1n M\u1ef9 trong 1-3 n\u0103m t\u1edbi g\u1ea7n nh\u01b0 b\u1ecb x\u00f3a s\u1ed5 ho\u00e0n to\u00e0n.<\/li>\n
  2. Ch\u1ec9 s\u1ed1 Buffett \u0111\u1ea1t m\u1ee9c cao k\u1ef7 l\u1ee5c<\/strong>: T\u1ef7 l\u1ec7 t\u1ed5ng v\u1ed1n h\u00f3a th\u1ecb tr\u01b0\u1eddng c\u1ee7a ch\u1ee9ng kho\u00e1n M\u1ef9 tr\u00ean GDP c\u1ee7a M\u1ef9 \u0111\u00e3 t\u0103ng v\u1ecdt l\u00ean 223%, v\u01b0\u1ee3t \u0111\u00e1ng k\u1ec3 \"\u0111\u01b0\u1eddng c\u1ea3nh b\u00e1o r\u1ee7i ro cao\" 200% do Buffett \u0111\u1eb7t ra, \u0111i\u1ec1u \u0111\u00f3 c\u00f3 ngh\u0129a l\u00e0 gi\u00e1 t\u00e0i s\u1ea3n \u0111\u00e3 ch\u00eanh l\u1ec7ch nghi\u00eam tr\u1ecdng so v\u1edbi s\u1ea3n l\u01b0\u1ee3ng c\u1ee7a n\u1ec1n kinh t\u1ebf th\u1ef1c.<\/li>\n
  3. Kh\u00f4ng gian \u0111\u1ecbnh gi\u00e1 tuy\u1ec7t \u0111\u1ed1i \u0111\u00e3 b\u1ecb nu\u1ed1t ch\u1eedng ho\u00e0n to\u00e0n<\/strong>: T\u1ef7 l\u1ec7 gi\u00e1 tr\u00ean thu nh\u1eadp t\u1ed5ng th\u1ec3 c\u1ee7a S&P 500 \u0111\u00e3 \u0111\u1ea1t 30,78 l\u1ea7n, \u1edf m\u1ee9c 86,7% trong l\u1ecbch s\u1eed. M\u1ee9c \u0111\u1ecbnh gi\u00e1 cao \u0111\u00e3 v\u01b0\u1ee3t qu\u00e1 k\u1ef3 v\u1ecdng t\u0103ng tr\u01b0\u1edfng hi\u1ec7u su\u1ea5t trong v\u00e0i n\u0103m t\u1edbi.<\/li>\n<\/ol>\n

    \"IMG_256\"<\/p>\n

    <\/a>S\u1ef1 tha h\u00f3a c\u1ee7a c\u1ea5u tr\u00fac th\u1ecb tr\u01b0\u1eddng: t\u1eeb trao \u0111\u1ed5i chip \u0111\u1ebfn bi\u1ebfn \u0111\u1ed9ng b\u1ea5t th\u01b0\u1eddng<\/strong><\/p>\n

    \u0110\u1eb7c \u0111i\u1ec3m \u0111\u00e1ng b\u00e1o \u0111\u1ed9ng nh\u1ea5t c\u1ee7a \u0111\u1ee3t \u0111\u1ec9nh m\u1edbi n\u00e0y \u0111\u1ed1i v\u1edbi ch\u1ee9ng kho\u00e1n M\u1ef9 l\u00e0 s\u1ef1 bi\u1ebfn d\u1ea1ng c\u1ef1c \u0111\u1ed9 c\u1ee7a \u0111\u1ed9 r\u1ed9ng th\u1ecb tr\u01b0\u1eddng v\u00e0 s\u1ef1 b\u1ea5t th\u01b0\u1eddng chung c\u1ee7a c\u00e1c t\u00edn hi\u1ec7u giao d\u1ecbch. Nh\u00f3m Wmax \u0111\u00e3 k\u1ebft h\u1ee3p d\u1eef li\u1ec7u th\u1ecb tr\u01b0\u1eddng m\u1edbi nh\u1ea5t v\u00e0 x\u00e1c th\u1ef1c ch\u00e9o c\u1ee7a Nghi\u00ean c\u1ee9u To\u00e0n c\u1ea7u c\u1ee7a Bank of America v\u00e0 nh\u1eadn th\u1ea5y r\u1eb1ng th\u1ecb tr\u01b0\u1eddng hi\u1ec7n t\u1ea1i \u0111ang \u1edf giai \u0111o\u1ea1n \u0111\u1eb7c tr\u01b0ng \"k\u1ebft th\u00fac bong b\u00f3ng\". S\u1ef1 \u0111i\u00ean r\u1ed3 tr\u00ean th\u1ecb tr\u01b0\u1eddng ph\u00e1i sinh c\u00e0ng ch\u1ee9ng t\u1ecf s\u1ef1 phi l\u00fd c\u1ee7a c\u1ea3m x\u00fac. Theo d\u1eef li\u1ec7u c\u1ee7a CBOE, t\u1ef7 l\u1ec7 kh\u1ed1i l\u01b0\u1ee3ng quy\u1ec1n ch\u1ecdn mua tr\u00ean S&P 500 \u0111\u00e3 gi\u1ea3m xu\u1ed1ng d\u01b0\u1edbi 1 v\u00e0o tu\u1ea7n tr\u01b0\u1edbc l\u1ea7n \u0111\u1ea7u ti\u00ean k\u1ec3 t\u1eeb th\u00e1ng 11 n\u0103m 2019, cho th\u1ea5y n\u1ed7i lo v\u1ec1 xu h\u01b0\u1edbng t\u0103ng \u0111\u00e3 ho\u00e0n to\u00e0n l\u1ea5n \u00e1t nh\u1eefng lo ng\u1ea1i v\u1ec1 xu h\u01b0\u1edbng gi\u1ea3m. Wmax nh\u1ea5n m\u1ea1nh r\u1eb1ng m\u1ee9c \u0111\u1ecbnh gi\u00e1 cao \u0111\u01b0\u1ee3c h\u1ed7 tr\u1ee3 b\u1edfi t\u00ednh thanh kho\u1ea3n b\u00e1n l\u1ebb v\u00e0 \u0111\u00f2n b\u1ea9y quy\u1ec1n ch\u1ecdn c\u00f3 th\u1ec3 d\u1ec5 d\u00e0ng g\u00e2y ra s\u1ef1 h\u1ed7n lo\u1ea1n trong chu\u1ed7i khi c\u00f3 b\u1ea5t k\u1ef3 ch\u1ea5t x\u00fac t\u00e1c b\u00ean ngo\u00e0i n\u00e0o xu\u1ea5t hi\u1ec7n.<\/p>\n

    M\u1ed9t m\u1eb7t, s\u1ef1 b\u00f9ng n\u1ed5 theo c\u1ea5p s\u1ed1 nh\u00e2n th\u1ec3 hi\u1ec7n \u1ea3o t\u01b0\u1edfng c\u1ef1c \u0111\u1ed9 v\u1ec1 \u201cm\u1ed9t ch\u00edn ch\u00edn l\u1ea7n\u201d. M\u1eb7c d\u00f9 S&P 500 c\u00f3 chu\u1ed7i 13 n\u0103m hi\u1ebfm hoi trong 30 n\u0103m nh\u01b0ng ch\u1ec9 c\u00f3 5% c\u1ed5 phi\u1ebfu ri\u00eang l\u1ebb \u0111\u1ea1t m\u1ee9c cao m\u1edbi c\u00f9ng th\u1eddi \u0111i\u1ec3m. N\u0103m c\u1ed5 phi\u1ebfu n\u1eb7ng k\u00fd h\u00e0ng \u0111\u1ea7u \u0111\u00f3ng g\u00f3p 100% v\u00e0o m\u1ee9c t\u0103ng c\u1ee7a ch\u1ec9 s\u1ed1, c\u00f2n 495 c\u1ed5 phi\u1ebfu c\u1ea5u th\u00e0nh c\u00f2n l\u1ea1i \u0111\u00f3ng g\u00f3p r\u1ea5t \u00edt v\u00e0o ch\u1ec9 s\u1ed1. \u0110\u1ed3ng th\u1eddi, m\u1ed9t cu\u1ed9c trao \u0111\u1ed5i chip ho\u00e0nh tr\u00e1ng \u0111ang \u0111\u01b0\u1ee3c ho\u00e0n th\u00e0nh: c\u00e1c t\u1ed5 ch\u1ee9c Ph\u1ed1 Wall v\u00e0 c\u00e1c qu\u1ef9 h\u1ec7 th\u1ed1ng \u0111ang \u00e2m th\u1ea7m thu v\u1ec1 h\u00e0ng tr\u0103m t\u1ef7 l\u1ee3i nhu\u1eadn v\u00e0 ti\u1ebfp t\u1ee5c gi\u1ea3m \u0111\u00f2n b\u1ea9y danh m\u1ee5c \u0111\u1ea7u t\u01b0; trong khi t\u1ef7 l\u1ec7 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 b\u00e1n l\u1ebb l\u1ea1c quan \u0111\u00e3 t\u0103ng v\u1ecdt l\u00ean m\u1ee9c cao nh\u1ea5t trong m\u1ed9t n\u0103m l\u00e0 46%, v\u00e0 m\u1ed9t s\u1ed1 l\u01b0\u1ee3ng l\u1edbn c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 b\u00e1n l\u1ebb \u0111ang \u0111i\u00ean cu\u1ed3ng chi\u1ebfm l\u0129nh th\u1ecb tr\u01b0\u1eddng do c\u1ea3m x\u00fac FOMO th\u00fac \u0111\u1ea9y.<\/p>\n

    M\u1eb7t kh\u00e1c, Wmax nh\u1eadn th\u1ea5y m\u1ed9t s\u1ef1 b\u1ea5t th\u01b0\u1eddng r\u1ea5t \u0111\u00e1ng b\u00e1o \u0111\u1ed9ng: Nasdaq 100 \u0111\u00e3 t\u0103ng cao h\u01a1n c\u00f9ng v\u1edbi s\u1ef1 bi\u1ebfn \u0111\u1ed9ng th\u1ef1c t\u1ebf trong 10 ng\u00e0y v\u00e0o ng\u00e0y 14 trong s\u1ed1 16 ng\u00e0y giao d\u1ecbch. \u0110i\u1ec1u n\u00e0y ho\u00e0n to\u00e0n \u0111i ng\u01b0\u1ee3c l\u1ea1i quy lu\u1eadt l\u1ecbch s\u1eed \u201cbi\u1ebfn \u0111\u1ed9ng thu h\u1eb9p d\u1ea7n trong giai \u0111o\u1ea1n t\u0103ng tr\u01b0\u1edfng c\u1ee7a th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n\u201d \u2013 m\u1ed1i li\u00ean k\u1ebft n\u00e0y th\u01b0\u1eddng ch\u1ec9 x\u1ea3y ra trong giai \u0111o\u1ea1n ph\u1ee5c h\u1ed3i sau m\u1ee9c kh\u1ee7ng ho\u1ea3ng th\u1ea5p. Trong \u0111i\u1ec1u ki\u1ec7n th\u1ecb tr\u01b0\u1eddng n\u00e0y, ch\u1ec9 s\u1ed1 Nasdaq 100 ch\u1ec9 gi\u1ea3m 12% so v\u1edbi m\u1ee9c \u0111\u1ec9nh tr\u01b0\u1edbc \u0111\u00f3 v\u00e0 S&P 500 gi\u1ea3m ch\u01b0a \u0111\u1ebfn 10%, \u0111\u00e2y kh\u00f4ng ph\u1ea3i l\u00e0 s\u1ef1 ph\u1ee5c h\u1ed3i s\u00e2u c\u1ee7a th\u1ecb tr\u01b0\u1eddng gi\u00e1 xu\u1ed1ng.<\/p>\n

    \"\u0110\u00e1nh<\/p>\n

    <\/a>Chi\u1ebfn l\u01b0\u1ee3c giao d\u1ecbch Wmax: Th\u00e1i c\u1ef1c quy\u1ec1n, ch\u1edd v\u00f9ng t\u1ea5n c\u00f4ng<\/strong><\/p>\n

    Tr\u01b0\u1edbc khi xu h\u01b0\u1edbng n\u00e0y b\u1ecb ph\u00e1 v\u1ee1 r\u00f5 r\u00e0ng, khung \u0111\u1ecbnh gi\u00e1 c\u1ee7a \u0111\u1ea7u t\u01b0 gi\u00e1 tr\u1ecb truy\u1ec1n th\u1ed1ng \u0111\u00e3 t\u1ea1m th\u1eddi h\u1ebft h\u1ea1n. \u0110\u1ed1i m\u1eb7t v\u1edbi m\u00f4i tr\u01b0\u1eddng th\u1ecb tr\u01b0\u1eddng kh\u1eafc nghi\u1ec7t hi\u1ec7n nay, Wmax khuy\u1ebfn ngh\u1ecb \u00e1p d\u1ee5ng chi\u1ebfn l\u01b0\u1ee3c ph\u1ea3n c\u00f4ng ph\u00f2ng th\u1ee7 Th\u00e1i C\u1ef1c Quy\u1ec1n l\u00e0 \u201ckh\u00f4ng \u0111o\u00e1n \u0111\u1ec9nh, kh\u00f4ng \u0111i ng\u01b0\u1ee3c xu h\u01b0\u1edbng v\u00e0 kh\u00f4ng \u0111u\u1ed5i theo m\u1ee9c cao\u201d:<\/p>\n