---
title: "哈特内特：宏观经济、动量交易和不合时宜的交易"
description: "这篇文章讨论了七大科技公司的市值最近激增，短暂超过了标准普尔 500 指数的 31.8%，这得益于 META 和 MSFT 的强劲财报。然而，在最新的就业数据公布后，这一增长随之出现了抛售，标志着自 6 月以来标准普尔 500 指数首次下跌 1%。文章质疑这是否意味着快速市场反弹的结束，还是仅仅是一个过度买入市场中的暂停"
type: "news"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/251307404.md"
published_at: "2025-08-03T01:56:28.000Z"
---

# 哈特内特：宏观经济、动量交易和不合时宜的交易

> 这篇文章讨论了七大科技公司的市值最近激增，短暂超过了标准普尔 500 指数的 31.8%，这得益于 META 和 MSFT 的强劲财报。然而，在最新的就业数据公布后，这一增长随之出现了抛售，标志着自 6 月以来标准普尔 500 指数首次下跌 1%。文章质疑这是否意味着快速市场反弹的结束，还是仅仅是一个过度买入市场中的暂停

After this week's (short but sharp) meltup by the Mag7 names following blowout earnings by META and MSFT (if not so much AMZN and AAPL), the market cap of the 7 largest tech names as a percentage of the S&P500 briefly surpassed their previous all time high of 31.8% set in January of 2025. It then, however, quickly reversed after Friday post-payrolls selloff, which saw the first 1% drop in the S&P since June 13.

So with just 7 stocks now accounting for **literally a third of the S&P's market cap,** is this where the broader investing population finally calls time on the biggest and fastest rebound in history (from the April lows), or is this just the pause to a massively overbought market that refreshes?

### Related Stocks

- [META.US - Meta](https://longbridge.com/zh-CN/quote/META.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| Palmer Luckey Says Don't Trust A Boss Who Pretends Money Doesn't Matter, Oculus Founder Who Once Earned Minimum Wage Explains | Palmer Luckey, founder of Oculus, advises employees to be cautious of bosses who claim money doesn't matter, reflecting  | [Link](https://longbridge.com/zh-CN/news/276012773.md) |
| Fake Milano Cortina sites target thousands with discount scams, cybersecurity firm says | Cybersecurity firm Bitdefender has reported a surge in online scams targeting shoppers with fake Milano Cortina 2026 mer | [Link](https://longbridge.com/zh-CN/news/276149499.md) |
| Snapchat launches creator subscription in the U.S. | Snapchat has launched creator subscriptions in the U.S., starting February 23, allowing users to subscribe to select cre | [Link](https://longbridge.com/zh-CN/news/276134934.md) |
| Meta’s VR metaverse is ditching VR | Meta is shifting its Horizon Worlds metaverse platform to focus almost exclusively on mobile, separating it from its Que | [Link](https://longbridge.com/zh-CN/news/276377647.md) |
| Meta reboots smartwatch plan, aims debut in 2026, the Information reports | Meta Platforms plans to release its first smartwatch, the "Malibu 2," later this year, featuring health tracking and a b | [Link](https://longbridge.com/zh-CN/news/276284947.md) |

---

> **免责声明**：本文内容仅供参考，不构成任何投资建议。