<p><img src="https://imageproxy.pbkrs.com/https://m.foolcdn.com/media/dubs/images/email-header-breakfast-news.max-800x600.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://m.foolcdn.com/media/dubs/images/email-header-breakfast-news.max-800x600.png"/></p>
<h2>早餐新聞：目光轉向美聯儲</h2>
<p>###2025 年 3 月 17 日</p>
<table>
<thead>
<tr>
<th>週五市場</th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>標準普爾 500</strong><br/>5,639  (+2.13%)</td>
</tr>
<tr>
<td><strong>納斯達克</strong><br/>17,754 (+2.61%)</td>
</tr>
<tr>
<td><strong>道瓊斯</strong><br/>41,488 (+1.65%)</td>
</tr>
<tr>
<td><strong>比特幣</strong><br/>$84,036 (+4.2%)</td>
</tr>
</tbody>
</table>
<p><img src="https://imageproxy.pbkrs.com/https://braze-images.com/appboy/communication/assets/image_assets/images/67d7fd6988dada0066cbd484/original.png/query-MTc0MjIwODM2MQ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://braze-images.com/appboy/communication/assets/image_assets/images/67d7fd6988dada0066cbd484/original.png/query-MTc0MjIwODM2MQ"/></p>
<p>來源：Jester AI 創建的圖像。</p>
<h2>1. FOMC 能否平息緊張情緒？</h2>
<p>本週將迎來最新的美國聯邦儲備利率決策和政策聲明，根據 CME FedWatch 工具，市場預計沒有降息的可能性高達 99%。然而，近期糟糕的經濟數據可能會使主席傑羅姆·鮑威爾在週三的講話中更加寬鬆。</p>
<ul>
<li><strong>“美聯儲現在處於非常困難的境地”：</strong> BMO 資本市場的首席美國經濟學家斯科特·安德森認為，滯漲前景和關税不確定性使得聯邦公開市場委員會很難做出準確的貨幣政策決策。</li>
<li><strong>“鮑威爾保護”：</strong> 投資者希望更新的點陣圖顯示今年的降息次數超過之前預期的兩次，鮑威爾在必要時使用支持性語言來幫助經濟。這一舉動可能會推動股票從近期低點反彈，有人稱之為 “鮑威爾保護”。</li>
</ul>
<h2>2. 本週關注的關鍵財報</h2>
<p><em>股票顧問</em> 推薦的 <strong>耐克</strong>(NKE -1.35%) 將在週四市場收盤後發佈季度財報。對於新任首席執行官埃利奧特·希爾來説，看到任何實質性進展可能為時已晚，銷售和利潤預計都會下降。</p>
<ul>
<li><strong>推薦給</strong> <strong>‘謹慎’</strong> <strong>投資者的</strong> <strong><em>隱藏寶石</em></strong> <strong>：</strong> 在週四市場開盤前，<strong>埃森哲</strong>(ACN 0.55%) 將發佈第二季度業績。投資者將密切關注諮詢領域的收入增長，尤其是在幫助客户實施生成性人工智能方面，該領域在上個季度表現良好。</li>
<li><strong>在過去五年中超越標準普爾 500 的：美光科技</strong>(MU 6.23%) 也將在週四發佈財報，關注美光的高帶寬內存（HBM）產品在人工智能應用中的採用速度。部分短期反彈歸因於對強勁財報的預期。</li>
</ul>
<h2>3. “真正的加密貨幣交易機會”</h2>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/misc-assets/bernd-schmid-1.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/misc-assets/bernd-schmid-1.png"/></p>
<p>伯恩德·施密德，Fool 分析師</p>
<p>加密貨幣再次經歷了一次瘋狂的下跌。請放心，這種動盪對像 <em>數字探索者</em> 團隊一樣看到加密貨幣成功的投資者來説是一個寶藏。</p>
<p>尤其是許多去中心化金融協議——它們產生真實收入，通常會推動代幣回購——現在都是客觀的交易機會。artemis.xyz 列出了 22 個市銷率低於 10 的協議。許多協議可能會失敗，但那些能夠存活下來的協議具有巨大的增長潛力。</p>
<p>幾年後，投資者可能會為忽視這樣的交易機會而感到懊悔。</p>
<h2>4. 接下來：宏觀經濟問題</h2>
<p>今天將發佈 2 月的零售銷售數據，預計月度增長為 0.7%，此前 1 月下降了 0.9%。在經歷了自 2023 年 3 月以來最糟糕的數據顯示後，反彈將有助於緩解投資者的擔憂。</p>
<ul>
<li><strong>上個月的數據受到嚴重天氣事件的影響：</strong> 高於預期的數據顯示消費者狀況良好，這是 FOMC 成員在會議開始前的最後一份主要數據發佈。</li>
<li><strong>房地產作為領先經濟指標：</strong> 今天房地產行業也備受關注，NAHB 3 月的住房市場指數將為房屋建築商的信心提供指引。</li>
</ul>
<h2>5. 伯克希爾增加日本投資</h2>
<p>監管文件顯示 <strong>伯克希爾哈撒韋</strong>(BRK.B 2.05%) 已增加對五家日本貿易公司的持股。自 2020 年首次投資以來，沃倫·巴菲特一直是這些多元化商業模式的公開支持者。</p>
<ul>
<li><strong>“隨着時間的推移，您可能會看到伯克希爾對所有五家公司的持股有所增加”：</strong> 在上個月的年度股東信中提到這些投資後，伯克希爾在 <strong>三井物產</strong> 的持股從 8.09% 增加到 9.82%，在 <strong>三菱商事</strong> 和 <strong>住友商事</strong> 等公司也有類似的增長。</li>
<li><strong>“綜合商社” 股票：</strong> 這些公司體現了巴菲特的投資風格，在傳統（和經過驗證的）行業中具有競爭優勢，並擁有良好的管理團隊。</li>
</ul>
<h2>6. 愚蠢的樂趣</h2>
<p>每位投資者應該牢記的一條投資建議是什麼？與朋友和家人辯論，或者成為會員，聽聽其他投資者的看法！</p>

伯克希爾哈撒韋-A

伯克希爾哈撒韋-B

<p>本週的重點是美國聯邦儲備委員會的利率決策，市場預計不會降息。預計耐克、埃森哲和美光科技的關鍵財報將發佈。二月份的零售銷售數據也將公佈，預計將出現反彈。伯克希爾哈撒韋增持了五家日本貿易公司的股份，反映了沃倫·巴菲特對其商業模式的信心。分析師建議，目前加密市場的動盪為被低估的去中心化金融協議提供了投資機會</p>

<p><img src="https://imageproxy.pbkrs.com/https://m.foolcdn.com/media/dubs/images/email-header-breakfast-news.max-800x600.png" alt="" original-src="https://m.foolcdn.com/media/dubs/images/email-header-breakfast-news.max-800x600.png"/></p>
<h2>Breakfast News: Eyes Turn To The Fed</h2>
<div class="lb-trans"><h2>早餐新聞：目光轉向美聯儲</h2>
</div><h3>March 17, 2025</h3>
<div class="lb-trans"><p>###2025 年 3 月 17 日</p>
</div><table>
<thead>
<tr>
<th>Friday's Markets</th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>S&amp;P 500</strong><br/>5,639  (+2.13%)</td>
</tr>
<tr>
<td><strong>Nasdaq</strong><br/>17,754 (+2.61%)</td>
</tr>
<tr>
<td><strong>Dow</strong><br/>41,488 (+1.65%)</td>
</tr>
<tr>
<td><strong>Bitcoin</strong><br/>$84,036 (+4.2%)</td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th>週五市場</th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>標準普爾 500</strong><br/>5,639  (+2.13%)</td>
</tr>
<tr>
<td><strong>納斯達克</strong><br/>17,754 (+2.61%)</td>
</tr>
<tr>
<td><strong>道瓊斯</strong><br/>41,488 (+1.65%)</td>
</tr>
<tr>
<td><strong>比特幣</strong><br/>$84,036 (+4.2%)</td>
</tr>
</tbody>
</table>
</div><p><img src="https://imageproxy.pbkrs.com/https://braze-images.com/appboy/communication/assets/image_assets/images/67d7fd6988dada0066cbd484/original.png/query-MTc0MjIwODM2MQ" alt="" original-src="https://braze-images.com/appboy/communication/assets/image_assets/images/67d7fd6988dada0066cbd484/original.png?1742208361"/></p>
<p>Source: Image created by Jester AI.</p>
<div class="lb-trans"><p>來源：Jester AI 創建的圖像。</p>
</div><h2>1. Can the FOMC Settle Nerves?</h2>
<div class="lb-trans"><h2>1. FOMC 能否平息緊張情緒？</h2>
</div><p>This week sees the latest U.S. Federal Reserve interest rate decision and policy statement, with markets pricing in a 99% chance of no rate cut according to the CME FedWatch tool. Yet recent poor economic data could make Chair Jerome Powell more accommodative in his language on Wednesday.</p>
<div class="lb-trans"><p>本週將迎來最新的美國聯邦儲備利率決策和政策聲明，根據 CME FedWatch 工具，市場預計沒有降息的可能性高達 99%。然而，近期糟糕的經濟數據可能會使主席傑羅姆·鮑威爾在週三的講話中更加寬鬆。</p>
</div><ul>
<li><strong>&#34;The Fed is in a very tough spot right now&#34;:</strong> Scott Anderson, chief U.S. economist at BMO Capital Markets, believes the stagflationary outlook alongside tariff uncertainty makes it difficult for the Federal Open Market Committee to make accurate monetary policy decisions.</li>
<li><strong>The &#34;Powell Put&#34;?:</strong> Investors will be hoping the updated dot plot shows more than two cuts for the year as previously expected, with Powell using supportive language around helping the economy as needed. Such a move could boost stocks off recent lows, with some referring to the move as the 'Powell put'.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>“美聯儲現在處於非常困難的境地”：</strong> BMO 資本市場的首席美國經濟學家斯科特·安德森認為，滯漲前景和關税不確定性使得聯邦公開市場委員會很難做出準確的貨幣政策決策。</li>
<li><strong>“鮑威爾保護”：</strong> 投資者希望更新的點陣圖顯示今年的降息次數超過之前預期的兩次，鮑威爾在必要時使用支持性語言來幫助經濟。這一舉動可能會推動股票從近期低點反彈，有人稱之為 “鮑威爾保護”。</li>
</ul>
</div><h2>2. Key Earnings to Watch This Week</h2>
<div class="lb-trans"><h2>2. 本週關注的關鍵財報</h2>
</div><p><em>Stock Advisor</em> recommendation <strong>Nike</strong>(NKE -1.35%) will report quarterly earnings after the market closes on Thursday. It's likely too early to see any material progress on the turnaround for new CEO Elliott Hill, with sales and profits both expected to decline.</p>
<div class="lb-trans"><p><em>股票顧問</em> 推薦的 <strong>耐克</strong>(NKE -1.35%) 將在週四市場收盤後發佈季度財報。對於新任首席執行官埃利奧特·希爾來説，看到任何實質性進展可能為時已晚，銷售和利潤預計都會下降。</p>
</div><ul>
<li><strong>Recommended for '</strong> <strong>Cautious</strong> <strong>' investors in</strong> <strong><em>Hidden Gems</em></strong> <strong>:</strong> Before the market opens on Thursday, <strong>Accenture</strong>(ACN 0.55%) will drop Q2 results. Investors will be closely watching for growth in revenue from the consultancy area of helping clients implement generative AI in their businesses, which did well last quarter.</li>
<li><strong>Beating the S&amp;P 500 across the last 5 years: Micron Technology</strong>(MU 6.23%) will also report on Thursday, with attention on the speed of adoption of Micron's high-bandwidth memory (HBM) products in AI applications. Part of the short-term rally is down to the anticipation of strong earnings.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>推薦給</strong> <strong>‘謹慎’</strong> <strong>投資者的</strong> <strong><em>隱藏寶石</em></strong> <strong>：</strong> 在週四市場開盤前，<strong>埃森哲</strong>(ACN 0.55%) 將發佈第二季度業績。投資者將密切關注諮詢領域的收入增長，尤其是在幫助客户實施生成性人工智能方面，該領域在上個季度表現良好。</li>
<li><strong>在過去五年中超越標準普爾 500 的：美光科技</strong>(MU 6.23%) 也將在週四發佈財報，關注美光的高帶寬內存（HBM）產品在人工智能應用中的採用速度。部分短期反彈歸因於對強勁財報的預期。</li>
</ul>
</div><h2>3. &#34;Real Crypto Bargains To Be Had&#34;</h2>
<div class="lb-trans"><h2>3. “真正的加密貨幣交易機會”</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/misc-assets/bernd-schmid-1.png" alt="" original-src="https://g.foolcdn.com/misc-assets/bernd-schmid-1.png"/></p>
<p>Bernd Schmid, Fool Analyst</p>
<div class="lb-trans"><p>伯恩德·施密德，Fool 分析師</p>
</div><p>Crypto is on one of its wild downhill rides again. Rest assured, this turmoil is a treasure trove for Fools who, like the <em>Digital Explorers</em> team, see crypto succeed.</p>
<div class="lb-trans"><p>加密貨幣再次經歷了一次瘋狂的下跌。請放心，這種動盪對像 <em>數字探索者</em> 團隊一樣看到加密貨幣成功的投資者來説是一個寶藏。</p>
</div><p>Especially many DeFi protocols – which generate real revenue, often boosting token buybacks – are objective bargains right now. artemis.xyz lists 22 protocols with P/S ratios under 10. Many of those will likely fail, but those that endure have massive growth potential</p>
<div class="lb-trans"><p>尤其是許多去中心化金融協議——它們產生真實收入，通常會推動代幣回購——現在都是客觀的交易機會。artemis.xyz 列出了 22 個市銷率低於 10 的協議。許多協議可能會失敗，但那些能夠存活下來的協議具有巨大的增長潛力。</p>
</div><p>In a few years investors might just be kicking themselves for overlooking such bargains.</p>
<div class="lb-trans"><p>幾年後，投資者可能會為忽視這樣的交易機會而感到懊悔。</p>
</div><h2>4. Next Up: Macro Matters</h2>
<div class="lb-trans"><h2>4. 接下來：宏觀經濟問題</h2>
</div><p>Retail sales data for February is due today, with expectations of a monthly 0.7% gain following the 0.9% fall from January. A bounceback following the worst print since March 2023 would go some way in alleviating investor concern.</p>
<div class="lb-trans"><p>今天將發佈 2 月的零售銷售數據，預計月度增長為 0.7%，此前 1 月下降了 0.9%。在經歷了自 2023 年 3 月以來最糟糕的數據顯示後，反彈將有助於緩解投資者的擔憂。</p>
</div><ul>
<li><strong>Last month's data skewed by severe weather events:</strong> A high print can be viewed as a sign the consumer is doing well, being one of the last major data releases members of the FOMC will have before their meeting begins.</li>
<li><strong>Property as a leading economic indicator:</strong> The property sector is also in focus today, with the NAHB housing market index for March providing a steer on homebuilder confidence.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>上個月的數據受到嚴重天氣事件的影響：</strong> 高於預期的數據顯示消費者狀況良好，這是 FOMC 成員在會議開始前的最後一份主要數據發佈。</li>
<li><strong>房地產作為領先經濟指標：</strong> 今天房地產行業也備受關注，NAHB 3 月的住房市場指數將為房屋建築商的信心提供指引。</li>
</ul>
</div><h2>5. Berkshire Increases Japanese Exposure</h2>
<div class="lb-trans"><h2>5. 伯克希爾增加日本投資</h2>
</div><p>Regulatory filings show <strong>Berkshire Hathaway</strong>(BRK.B 2.05%) has raised existing holdings in five Japanese trading houses. After first investing back in 2020, Warren Buffett has been an outspoken fan of the diversified business models from the conglomerates.</p>
<div class="lb-trans"><p>監管文件顯示 <strong>伯克希爾哈撒韋</strong>(BRK.B 2.05%) 已增加對五家日本貿易公司的持股。自 2020 年首次投資以來，沃倫·巴菲特一直是這些多元化商業模式的公開支持者。</p>
</div><ul>
<li><strong>&#34;Over time, you will likely see Berkshire's ownership of all five increase somewhat&#34;:</strong> After addressing the investments last month in his annual shareholder letter, Berkshire's stake in <strong>Mitsui &amp; Co</strong> increased from 8.09% to 9.82%, with similar jumps in the likes of <strong>Mitsubishi Corp</strong> and <strong>Sumitomo Corp</strong>.</li>
<li><strong>&#34;Sogo Shosha&#34; stocks:</strong> The companies speak to Buffett's investing style, with a competitive advantage in traditional (and proven) sectors with well-run management teams.</li>
</ul>
<div class="lb-trans"><ul>
<li><strong>“隨着時間的推移，您可能會看到伯克希爾對所有五家公司的持股有所增加”：</strong> 在上個月的年度股東信中提到這些投資後，伯克希爾在 <strong>三井物產</strong> 的持股從 8.09% 增加到 9.82%，在 <strong>三菱商事</strong> 和 <strong>住友商事</strong> 等公司也有類似的增長。</li>
<li><strong>“綜合商社” 股票：</strong> 這些公司體現了巴菲特的投資風格，在傳統（和經過驗證的）行業中具有競爭優勢，並擁有良好的管理團隊。</li>
</ul>
</div><h2>6. Foolish Fun</h2>
<div class="lb-trans"><h2>6. 愚蠢的樂趣</h2>
</div><p>What's one piece of investing advice that every investor should keep front and center? Debate with friends and family, or become a member to hear what your fellow Fools are saying!</p>
<div class="lb-trans"><p>每位投資者應該牢記的一條投資建議是什麼？與朋友和家人辯論，或者成為會員，聽聽其他投資者的看法！</p>
</div>

Breakfast News: Eyes Turn To The Fed

- 本週美聯儲將公佈利率決策，市場預期無降息可能性。  
- 伯克希爾哈撒韋增持五家日本交易公司，顯示出對多元化商業模式的青睞。  
- 預計 2 月零售銷售數據將反彈，緩解投資者擔憂。  

早餐新聞：關注美聯儲