投资背景与理念 - 投资生涯始于2011年，初期主要投资领域为房地产投资信托基金、优先股和高收益债券 [1] - 当前投资策略结合长期股票多头仓位、备兑认购期权和现金担保认沽期权 [1] - 投资分析方法纯粹基于基本面长期观点 [1] 研究覆盖范围 - 在Seeking Alpha平台上的研究覆盖主要集中在房地产投资信托基金和金融行业 [1] - 偶尔会根据宏观交易思路撰写关于交易所交易基金和其他股票的文章 [1] 披露信息 - 分析师披露其在未来72小时内无计划建立任何所提及公司的股票、期权或类似衍生品头寸 [2] - 文章内容为分析师个人观点，且除来自Seeking Alpha的报酬外未获得其他补偿 [2] - 分析师与文章提及的任何股票所属公司均无业务关系 [2]

黄金市场表现 - 黄金价格在过去六个月上涨26.62%，年初至今上涨61.51%，过去一个月上涨15.14%，过去五天上涨6.54%，成为年度表现最佳的资产之一 [1] - 黄金的强劲表现得益于强劲的ETF资金流入、美元走弱以及各国央行的持续购买 [1] 黄金价格驱动因素 - 市场对美联储进一步降息的预期升温，CME FedWatch工具显示市场预期10月降息概率为97.8%，12月降息概率为99.9% [6] - 美联储降息会削弱美元，提升以其他货币计价的黄金购买力，从而推高金价 [6] - 中美贸易摩擦加剧以及美国政府停摆等地缘政治不确定性，促使投资者转向黄金寻求避险 [5] - 对潜在人工智能泡沫的担忧也增加了投资者将黄金作为投资组合多元化工具的吸引力 [7] 黄金市场前景与策略 - 分析师认为尽管可能出现短期回调，但长期趋势依然完好，预计2026年金价可能达到5000美元 [4] - 任何更广泛的贵金属回调可能是渐进的，而非突然下跌，短期回落可能为新的逢低买入者创造机会 [4] - 建议投资者采取长期被动投资策略，将价格回调视为增持头寸的机会 [8] - 有观点认为投资者应将投资组合中高达15%的比例配置于黄金，这超出了传统上对大宗商品等另类资产类别个位数的配置建议 [10] 黄金相关ETF投资 - 实物黄金ETF中，SPDR Gold Shares (GLD) 流动性最高，月均交易量为1646万股；GLDM和IAUM年费率最低，分别为0.10%和0.09% [13][14] - 黄金矿商ETF通常放大黄金的涨跌幅，提供对金矿行业的敞口；VanEck Gold Miners ETF (GDX) 流动性最高，月均交易量为2506万股，资产规模达222.2亿美元；SGDM和SGDJ年费率最低，为0.50% [15][16] - 在宏观经济和地缘政治不确定性加剧的背景下，黄金继续作为投资者重要的对冲工具 [12]

MIAMI, Oct. 16, 2025 (GLOBE NEWSWIRE) -- Defiance ETFs is proud to announce the launch of the Defiance Daily Target 2X Long LMND ETF (Ticker: LMNX), expanding its suite of single-stock leveraged ETFs designed for active traders seeking amplified exposure to innovative, high-growth companies. The newest addition, LMNX, is designed for traders who seek magnified, short-term bullish exposure to Lemonade, Inc. (NYSE: LMND), the disruptive insurance technology company. By seeking to deliver 200% of the daily per ...

Risk-averse fixed income investors may be paying renewed attention to municipal bonds amid expectations that the Fed's monetary easing campaign is just getting started. But experienced bond investors know there's more to the story with munis. That includes assessing the fiscal health of issuing cities and states. In what could be good news for ETFs like the ALPS Intermediate Municipal Bond ETF (MNBD), states — broadly speaking — are on solid financial footing. That's true of some of the larger issuers of mu ...

The Only* ETF to Provide Pure-Play† Exposure to a Broad Range of Critical Materials and Mining Equities Essential to Meeting Growing Energy DemandNEW YORK, Oct. 14, 2025 (GLOBE NEWSWIRE) -- Sprott Asset Management USA, Inc. today announced that its Sprott Critical Materials ETF (Nasdaq: SETM) (“SETM”) reached $100 million in assets under management as of September 23, 2025. SETM is the only* ETF to provide pure-play† exposure to a broad range of critical materials and mining equities essential to meeting gr ...

There's a “Mexican standoff,” but this time involving the U.S. and Chinese tech sectors, from which few winners seem to emerge. And what ETF could be more relevant to the segment under discussion than the Invesco China Technology ETF (Financial Serenity is a financial analysis and quantitative research column with a particular focus on the asset management sector. It is actively managed by Tommaso Scarpellini, a seasoned financial researcher and data analyst with proven experience in banking and financial a ...

You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. Here’s to a Second $1 Trillion Year of ETFs “It’s October, and ETFs are closing in on the $1 trillion mark for net inflows in 2025 (We have $997 billion as of October 9). This is a monumental achievement, given this milestone was first crossed in a calendar year only last December. Unlike seeing Christmas decorations two months early, for me, this is a welcome treat. ETFs have become a go-to vehic ...

I ventured into investing in high school in 2011, mainly in REITs, preferred stocks, and high-yield bonds, starting a fascination with markets and the economy that has not faded despite the years. More recently I have been combining long stock positions with covered calls and cash secured puts. I approach investing purely from a fundamental long-term point of view. On Seeking Alpha I mostly cover REITs and financials, with occasional articles on ETFs and other stocks driven by a macro trade idea.Analyst’s D ...

市场反应与直接诱因 - 受前总统特朗普关于提高中国商品关税的社交媒体帖子影响，标普500指数上周五下跌2.9%，导致市场单日市值蒸发1.56万亿美元 [1] - 市场反应剧烈，CBOE波动率指数（VIX）飙升32%，创下自6月以来的最高水平 [1] 市场面临的宏观风险与担忧 - 投资者担忧包括美国资产价格高估、持续的经济问题、复杂的地缘政治环境、贸易冲突升级威胁、金融稳定持续风险以及系统性脆弱性 [2] - 国际货币基金组织（IMF）警告，美国关税和过高的股票估值是市场可能面临风险的警示信号 [3] - G20金融稳定委员会主席Andrew Bailey指出，在全球经济和地缘政治不确定性下，飙升的全球资产价格使市场面临潜在崩盘风险，且金融体系脆弱性依然高企 [6] 人工智能（AI）领域的具体风险 - 华尔街长期担忧AI领域存在潜在泡沫，英国央行和IMF警告若AI热潮失去动力，全球市场可能受挫 [3] - 高盛CEO David Soloman预计，在由AI热潮推动的多年创纪录高点后，股市在未来一两年可能出现回调 [4] - 亚马逊CEO Jeff Bezos同样表示担忧，将AI描述为处于“工业泡沫”之中 [4] - 由于信息技术板块约占标普500指数权重的35%，市场集中度风险高企，若AI驱动的股市泡沫破裂，严重依赖科技股的投资者组合可能遭受重大损失 [4] 市场修正的预警信号 - 摩根大通CEO Jamie Dimon警告，未来六个月至两年内美国股市出现重大修正的风险升高，地缘政治紧张局势和政府债务负担加剧了市场不确定性 [5] - 美联储主席Jerome Powell在9月底也警示，股市似乎被高估 [5] 波动率ETF作为策略工具 - 在短期内增加对波动率ETF的敞口可能是一个有利策略，这些基金在市场动荡时期能带来短期收益，若波动性持续，其价格可能进一步攀升 [7] - 在当前经济环境下，专注于波动率的基金和策略适合短期投资者重新评估其波动率风险敞口 [8] - iPath Series B S&P 500 VIX Short-Term Futures ETN（VXX）旨在追踪标普500 VIX短期期货指数总回报，年费率为0.89% [10] - ProShares VIX Short-Term Futures ETF（VIXY）旨在追踪标普500 VIX短期期货指数，适合希望从标普500预期波动率上升中获利的投资者，年费率为0.85% [11] - ProShares VIX Mid-Term Futures ETF（VIXM）旨在追踪标普500 VIX中期期货指数，适合希望从标普500预期波动率上升中获利的投资者，年费率为0.85% [12]

I ventured into investing in high school in 2011, mainly in REITs, preferred stocks, and high-yield bonds, starting a fascination with markets and the economy that has not faded despite the years. More recently I have been combining long stock positions with covered calls and cash secured puts. I approach investing purely from a fundamental long-term point of view. On Seeking Alpha I mostly cover REITs and financials, with occasional articles on ETFs and other stocks driven by a macro trade idea.Analyst’s D ...