---
title: "CTAs 在下周的每种情况下都是卖方……如果下个月股市下跌，可能会有高达 1850 亿美元的抛售"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/294090830.md"
description: "下周，CTA（商品交易顾问）在所有情境中都被定位为卖方，如果下个月股市下滑，可能会面临高达 1850 亿美元的卖压。最近的市场表现显示，标准普尔 500 指数期货最初上涨，但由于科技股和半导体股疲软，受到中国对 ASML 的新竞争影响，最终收平。尽管等权重标准普尔 500 指数继续上涨，但纳斯达克指数已进入调整阶段"
datetime: "2026-07-28T16:02:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294090830.md)
  - [en](https://longbridge.com/en/news/294090830.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294090830.md)
generator: "portal-rs"
---

# CTAs 在下周的每种情况下都是卖方……如果下个月股市下跌，可能会有高达 1850 亿美元的抛售

Yesterday, the market failed to hold its opening move higher: SPX futures rose as much as 1% and traded in a roughly 1.5% intraday range before closing just fractionally in the green, +1bp. As JPM's Market Intel team writes this morning, the choppy price action was driven by Tech/Semis, with SOXX fading from a 1% gain to as much as a 5% decline before closing -2.2%, after China unveiled new competition for ASML. The market-broadening theme continued, with the equal-weighed S&P continued to push higher even as the Nasdaq enters a correction this morning...

### 相关股票

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- [SQQQ.US](https://longbridge.com/zh-CN/quote/SQQQ.US.md)
- [QID.US](https://longbridge.com/zh-CN/quote/QID.US.md)
- [JPM.US](https://longbridge.com/zh-CN/quote/JPM.US.md)
- [JPM-M.US](https://longbridge.com/zh-CN/quote/JPM-M.US.md)
- [JPM-C.US](https://longbridge.com/zh-CN/quote/JPM-C.US.md)
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- [JPM-L.US](https://longbridge.com/zh-CN/quote/JPM-L.US.md)
- [8634.JP](https://longbridge.com/zh-CN/quote/8634.JP.md)
- [JPM-K.US](https://longbridge.com/zh-CN/quote/JPM-K.US.md)
- [JPM-J.US](https://longbridge.com/zh-CN/quote/JPM-J.US.md)

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> **免责声明: 本文仅供参考，不构成任何投资建议。**