--- title: "市场是否陷入困境？Collum 和 Pomboy 将探讨全面泡沫" type: "News" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/286444546.md" description: "即将举行的 ZeroHedge 辩论将由 Dave Collum 主持，届时 Stephanie Pomboy 和 Michael Lebowitz 将讨论当前的市场状况，特别是在人工智能和私人信贷等领域的高估值。随着标普指数创下新高，以及对流动性和信贷状况的担忧，他们将探讨美联储在 Kevin Warsh 领导下的未来影响。此次辩论旨在帮助投资者为潜在的市场修正做好准备，并将于东部时间晚上 7 点进行直播" datetime: "2026-05-14T16:22:20.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286444546.md) - [en](https://longbridge.com/en/news/286444546.md) - [zh-HK](https://longbridge.com/zh-HK/news/286444546.md) --- # 市场是否陷入困境？Collum 和 Pomboy 将探讨全面泡沫 As the S&P continues to reach new highs in the mid 7000s, leaving the COVID era 3000s as a forgotten fevered dream… and AI euphoria fueling increasingly speculative bets across Wall Street and Main Street, the sane among us need to ask the question: **_when will reality hit?_** In tonight’s ZeroHedge debate, hosted by the legendary **Dave Collum**, Macro Mavens founder **Stephanie Pomboy and Michael Lebowitz** will break down the most dangerously overvalued sectors of today’s market. From AI to private credit… and debate how, when, and where the unwind may begin. > Nasdaq is up almost 30% since the end of March. Howbowdah? > > — Dave Collum (@DavidBCollum) May 13, 2026 The discussion will examine whether the AI boom has become detached from economic reality, whether Nvidia’s 43 PE ratio makes any sense, and **whether private credit gating is the canary in the coal mine**. With liquidity tightening beneath the surface and credit conditions deteriorating, Collum and the gang will discuss ways to preserve wealth before the cycle turns. The conversation will also focus heavily on the Federal Reserve’s next chapter under incoming Fed Chair Kevin Warsh, whose prior statements indicate a hawkish stance… but that’s been true of past chairs before they held the helm. Is Warsh a genuine monetary hawk willing to tolerate market pain to restore credibility to the dollar and contain inflation? **Or will he ultimately cave under political and financial pressure like Jerome Powell during COVID?** > However, let's not forget that Warsh voted for QE and bailouts and parroted Bernanke's nonsense during the GFC. > > — Michael Lebowitz, CFA (@michaellebowitz) April 21, 2026 For investors trying to position themselves ahead of what could be the next major repricing event, or for those who just want to hear about how horrible the economy _really_ is… join Collum, Pomboy, and Lebowitz this evening. **The debate will stream live on the ZH X account and homepage at 7pm ET. See you there**. ### 相关股票 - [.SPX.US](https://longbridge.com/zh-CN/quote/.SPX.US.md) - [VOE.US](https://longbridge.com/zh-CN/quote/VOE.US.md) - [SPY.US](https://longbridge.com/zh-CN/quote/SPY.US.md) - [HIBL.US](https://longbridge.com/zh-CN/quote/HIBL.US.md) - [SH.US](https://longbridge.com/zh-CN/quote/SH.US.md) - [SCHG.US](https://longbridge.com/zh-CN/quote/SCHG.US.md) - [QQQ.US](https://longbridge.com/zh-CN/quote/QQQ.US.md) - [VTV.US](https://longbridge.com/zh-CN/quote/VTV.US.md) - [VOO.US](https://longbridge.com/zh-CN/quote/VOO.US.md) - [VUG.US](https://longbridge.com/zh-CN/quote/VUG.US.md) - [IVV.US](https://longbridge.com/zh-CN/quote/IVV.US.md) - [MGK.US](https://longbridge.com/zh-CN/quote/MGK.US.md) - [IVOV.US](https://longbridge.com/zh-CN/quote/IVOV.US.md) - [IWF.US](https://longbridge.com/zh-CN/quote/IWF.US.md) - [IUSG.US](https://longbridge.com/zh-CN/quote/IUSG.US.md) - [.IXIC.US](https://longbridge.com/zh-CN/quote/.IXIC.US.md) - [NVDA.US](https://longbridge.com/zh-CN/quote/NVDA.US.md) - [NVD.DE](https://longbridge.com/zh-CN/quote/NVD.DE.md) ## 相关资讯与研究 - [背景真假不重要？特朗普再凭 “头条” 扭转美股颓势](https://longbridge.com/zh-CN/news/287178611.md) - [美财长释放乐观论调，称高通胀高收益率仅是短期行情](https://longbridge.com/zh-CN/news/287143530.md) - [沃什的第一道死局](https://longbridge.com/zh-CN/news/287024134.md) - [贝森特︰美国暂时不急与中国续签贸易休战协议](https://longbridge.com/zh-CN/news/286977366.md) - [机构：主要央行中美联储处境最轻松，新主席上任后不确定性仍存](https://longbridge.com/zh-CN/news/287171326.md)