<p>随着伊朗的地缘政治紧张局势和 滞胀担忧 将更广泛的美国市场拖入红色区域，小盘股 却展现出令人惊讶的韧性，使市场专家对接下来会发生什么产生了明显分歧。</p>
<h2><strong>显著的市场分歧</strong></h2>
<p>尽管战争阴影和原油价格上涨，<strong>iShares Russell 2000 ETF</strong> (NYSE: IWM) 仍然设法 保持在绿色区域，年初至今上涨了 1.31%。</p>
<p>相比之下，更广泛的市场在 2026 年开局不利。标准普尔 500 指数年初至今下跌了 4.02%，纳斯达克综合指数下跌了 5.84%，道琼斯指数下跌了 3.88%。整体数据反映出市场依赖小盘股的国内实力来应对地缘政治风暴。</p>
<h2><strong>看涨观点：‘大幅上涨’</strong></h2>
<p><strong>Louis Navellier</strong>，Navellier &amp; Associates 的创始人兼首席投资官，认为宏观经济的冲击波实际上是 小盘股 表现优异的催化剂。</p>
<p>“伊朗战争正在为股市的大幅上涨铺平道路，因为世界的不确定性正在消除，” Navellier 解释道。他指出，目前的通胀冲击并没有阻碍小盘股，反而使其从更强劲的美国经济中受益。</p>
<p>“我的 小盘股 与标准普尔 500 中的大盘股相比仍然是个便宜货，” 他补充道，强调盈利衰退并不在视野之内。“我预计基本面优越的股票将继续强劲反弹，因为好的股票像新网球一样反弹。”</p>
<h2><strong>谨慎观点：‘长期停滞’</strong></h2>
<p>相反，<strong>John Murillo</strong>，B2BROKER 的首席商务官，警告称高企的油价和持续的通胀正在迫使市场进行严厉的重新校准。</p>
<p>“更高的能源价格引入了 滞胀的局面，而美联储……似乎并不急于放松，” Murillo 表示，警告称 “高利率将持续” 对小盘股造成不成比例的压力，因为它们依赖外部融资和较薄的利润率。</p>
<p>虽然 Murillo 并不认为 小盘股的追赶 叙述完全无效，但他认为当前市场更像是 “长期停滞而非结构性脱轨。” 他总结道：“预期的回报现在更多依赖于油价的走势和美联储对去通胀的信心。”</p>
<h2><strong>IWM 年内上涨 24%</strong></h2>
<p>截至周四收盘，IWM ETF 的 52 周区间为$171.73 至$271.60，交易价格在$250 至$251 之间。年内上涨了 24%，过去六个月上涨了 2.98%。与此相呼应，Russell 2000 指数年初至今上涨了 1.18%，六个月上涨了 2.91%，年内上涨了 23.70%。</p>
<p><strong>SPDR S&amp;P 500 ETF Trust</strong> (NYSE: SPY) 和 <strong>Invesco QQQ Trust ETF</strong> (NASDAQ: QQQ)，分别跟踪标准普尔 500 和纳斯达克 100 指数，周四收盘上涨。SPY 上涨 0.090%，报$655.83，而 QQQ 上涨 0.11%，报$584.98。</p>
<p>与此同时，道琼斯跟踪器，<strong>State Street SPDR Dow Jones Industrial Average ETF Trust</strong> (NYSE: DIA)，周四下跌 0.090%，收于$465.06。</p>
<p><strong><em>免责声明：</em></strong> <em>本内容部分由 AI 工具生成，并由 Benzinga 编辑审核和发布。</em></p>
<p><em>图片来源：Vintage Tone on Shutterstock.com</em></p>

美国小盘成长股 ETF - Vanguard

罗素 2000 价值股指数 ETF - iShares

罗素 2000 增长 ETF - Vanguard

<p>专家们对小盘股的未来看法不一，原因在于伊朗的地缘政治紧张局势和滞胀的担忧。iShares Russell 2000 ETF 年初至今上涨了 1.31%，与更广泛市场的下跌形成对比。Louis Navellier 预测小盘股将出现 “巨大的上涨”，并指出它们相较于大盘股的韧性和价值。相反，John Murillo 警告称，由于高油价和通货膨胀，可能会出现 “长期停滞”，这可能会影响小盘股的融资。IWM ETF 在一年内上涨了 24%，反映出小盘股的前景复杂</p>

<p>As geopolitical tensions in Iran and stagflation fears drag broader U.S. markets into the red, small-cap stocks are showing surprising resilience, leaving market experts sharply divided on what comes next.</p>
<div class="lb-trans"><p>随着伊朗的地缘政治紧张局势和 滞胀担忧 将更广泛的美国市场拖入红色区域，小盘股 却展现出令人惊讶的韧性，使市场专家对接下来会发生什么产生了明显分歧。</p>
</div><h2><strong>A Striking Market Divergence</strong></h2>
<div class="lb-trans"><h2><strong>显著的市场分歧</strong></h2>
</div><p>Despite the specter of war and rising crude oil prices, the <strong>iShares Russell 2000 ETF</strong> (NYSE: IWM) has managed to stay in the green, posting a 1.31% year-to-date gain.</p>
<div class="lb-trans"><p>尽管战争阴影和原油价格上涨，<strong>iShares Russell 2000 ETF</strong> (NYSE: IWM) 仍然设法 保持在绿色区域，年初至今上涨了 1.31%。</p>
</div><p>In stark contrast, the broader markets have stumbled out of the gate in 2026. The S&amp;P 500 index has declined 4.02% YTD, the Nasdaq Composite is down 5.84%, and the Dow Jones has tumbled 3.88%. The overall data reflects a market leaning on the domestic strength of small-cap equities to weather the geopolitical storm.</p>
<div class="lb-trans"><p>相比之下，更广泛的市场在 2026 年开局不利。标准普尔 500 指数年初至今下跌了 4.02%，纳斯达克综合指数下跌了 5.84%，道琼斯指数下跌了 3.88%。整体数据反映出市场依赖小盘股的国内实力来应对地缘政治风暴。</p>
</div><h2><strong>The Bull Case: A ‘Massive Surge’</strong></h2>
<div class="lb-trans"><h2><strong>看涨观点：‘大幅上涨’</strong></h2>
</div><p><strong>Louis Navellier</strong>, founder and chief investment officer of Navellier &amp; Associates, believes the macroeconomic shockwaves are actually a catalyst for small-cap outperformance.</p>
<div class="lb-trans"><p><strong>Louis Navellier</strong>，Navellier &amp; Associates 的创始人兼首席投资官，认为宏观经济的冲击波实际上是 小盘股 表现优异的催化剂。</p>
</div><p>“The Iran war is setting the stock market up for a massive surge, since the uncertainty in the world is being eliminated,” Navellier explained. He noted that the current inflation shock is not hindering small-cap stocks, which inherently benefit from a stronger U.S. economy.</p>
<div class="lb-trans"><p>“伊朗战争正在为股市的大幅上涨铺平道路，因为世界的不确定性正在消除，” Navellier 解释道。他指出，目前的通胀冲击并没有阻碍小盘股，反而使其从更强劲的美国经济中受益。</p>
</div><p>“My small-cap stocks remain a bargain compared to large capitalization stocks in the S&amp;P 500,” he added, emphasizing that an earnings recession is nowhere in sight. “I expect that the fundamentally superior stocks will continue to rebound strongly since good stocks bounce like fresh tennis balls.”</p>
<div class="lb-trans"><p>“我的 小盘股 与标准普尔 500 中的大盘股相比仍然是个便宜货，” 他补充道，强调盈利衰退并不在视野之内。“我预计基本面优越的股票将继续强劲反弹，因为好的股票像新网球一样反弹。”</p>
</div><h2><strong>Cautious View: A ‘Prolonged Pause’</strong></h2>
<div class="lb-trans"><h2><strong>谨慎观点：‘长期停滞’</strong></h2>
</div><p>Conversely, <strong>John Murillo</strong>, Chief Business Officer of B2BROKER, warns that elevated oil prices and persistent inflation are forcing a harsh market recalibration.</p>
<div class="lb-trans"><p>相反，<strong>John Murillo</strong>，B2BROKER 的首席商务官，警告称高企的油价和持续的通胀正在迫使市场进行严厉的重新校准。</p>
</div><p>“Higher energy prices introduced a stagflationary picture, while the Fed… appears in no rush to ease,” Murillo stated, warning that “higher for longer” rates disproportionately squeeze small caps due to their reliance on external financing and thinner margins.</p>
<div class="lb-trans"><p>“更高的能源价格引入了 滞胀的局面，而美联储……似乎并不急于放松，” Murillo 表示，警告称 “高利率将持续” 对小盘股造成不成比例的压力，因为它们依赖外部融资和较薄的利润率。</p>
</div><p>While Murillo doesn’t believe the small-cap catch-up narrative is entirely invalidated, he views the current market as a “prolonged pause rather than a structural derailment.” He concluded, “The anticipated payoff now depends more on the trajectory of oil prices and the Fed's confidence in disinflation.”</p>
<div class="lb-trans"><p>虽然 Murillo 并不认为 小盘股的追赶 叙述完全无效，但他认为当前市场更像是 “长期停滞而非结构性脱轨。” 他总结道：“预期的回报现在更多依赖于油价的走势和美联储对去通胀的信心。”</p>
</div><h2><strong>IWM Gains 24% Over The Year</strong></h2>
<div class="lb-trans"><h2><strong>IWM 年内上涨 24%</strong></h2>
</div><p>The IWM ETF has a 52-week range of $171.73 to $271.60, trading around $250 to $251, as of Thursday’s close. It was up 24% over the year, 2.98% over the last six months. Mirroring this, the Russell 2000 index was also up 1.18% YTD, 2.91% in six months, and 23.70% over the year.</p>
<div class="lb-trans"><p>截至周四收盘，IWM ETF 的 52 周区间为$171.73 至$271.60，交易价格在$250 至$251 之间。年内上涨了 24%，过去六个月上涨了 2.98%。与此相呼应，Russell 2000 指数年初至今上涨了 1.18%，六个月上涨了 2.91%，年内上涨了 23.70%。</p>
</div><p>The <strong>SPDR S&amp;P 500 ETF Trust</strong> (NYSE: SPY) and <strong>Invesco QQQ Trust ETF</strong> (NASDAQ: QQQ), which track the S&amp;P 500 and Nasdaq 100 indices, respectively, closed higher on Thursday. The SPY was up 0.090% at $655.83, while the QQQ advanced 0.11% to $584.98.</p>
<div class="lb-trans"><p><strong>SPDR S&amp;P 500 ETF Trust</strong> (NYSE: SPY) 和 <strong>Invesco QQQ Trust ETF</strong> (NASDAQ: QQQ)，分别跟踪标准普尔 500 和纳斯达克 100 指数，周四收盘上涨。SPY 上涨 0.090%，报$655.83，而 QQQ 上涨 0.11%，报$584.98。</p>
</div><p>Meanwhile, Dow tracker, <strong>State Street SPDR Dow Jones Industrial Average ETF Trust</strong> (NYSE: DIA), fell 0.090% to close at $465.06 on Thursday.</p>
<div class="lb-trans"><p>与此同时，道琼斯跟踪器，<strong>State Street SPDR Dow Jones Industrial Average ETF Trust</strong> (NYSE: DIA)，周四下跌 0.090%，收于$465.06。</p>
</div><p><strong><em>Disclaimer:</em></strong> <em>This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.</em></p>
<div class="lb-trans"><p><strong><em>免责声明：</em></strong> <em>本内容部分由 AI 工具生成，并由 Benzinga 编辑审核和发布。</em></p>
</div><p><em>Photo courtesy: Vintage Tone on Shutterstock.com</em></p>
<div class="lb-trans"><p><em>图片来源：Vintage Tone on Shutterstock.com</em></p>
</div>

Exclusive: Small-Caps 'Massive Surge' Or 'Prolonged Pause'? Experts Weigh In On How Stagflation Fears Are Shaking Up Russell 2000 Amid Iran War

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ProShares Russell 2000 High Income ETF

独家：小盘股会出现 “巨大飙升” 还是 “长期停滞”？专家们就伊朗战争引发的滞胀担忧如何影响罗素 2000 指数发表了看法