--- title: "市場是否陷入困境？Collum 和 Pomboy 將探討全面泡沫" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/286444546.md" description: "即將舉行的 ZeroHedge 辯論將由 Dave Collum 主持，屆時 Stephanie Pomboy 和 Michael Lebowitz 將討論當前的市場狀況，特別是在人工智能和私人信貸等領域的高估值。隨着標普指數創下新高，以及對流動性和信貸狀況的擔憂，他們將探討美聯儲在 Kevin Warsh 領導下的未來影響。此次辯論旨在幫助投資者為潛在的市場修正做好準備，並將於東部時間晚上 7 點進行直播" 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) --- # 市場是否陷入困境？Collum 和 Pomboy 將探討全面泡沫 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**. ### 相關股票 - [.SPX.US](https://longbridge.com/zh-HK/quote/.SPX.US.md) - [VOE.US](https://longbridge.com/zh-HK/quote/VOE.US.md) - [SPY.US](https://longbridge.com/zh-HK/quote/SPY.US.md) - [HIBL.US](https://longbridge.com/zh-HK/quote/HIBL.US.md) - [SH.US](https://longbridge.com/zh-HK/quote/SH.US.md) - [SCHG.US](https://longbridge.com/zh-HK/quote/SCHG.US.md) - [QQQ.US](https://longbridge.com/zh-HK/quote/QQQ.US.md) - [VTV.US](https://longbridge.com/zh-HK/quote/VTV.US.md) - [VOO.US](https://longbridge.com/zh-HK/quote/VOO.US.md) - [VUG.US](https://longbridge.com/zh-HK/quote/VUG.US.md) - [IVV.US](https://longbridge.com/zh-HK/quote/IVV.US.md) - [MGK.US](https://longbridge.com/zh-HK/quote/MGK.US.md) - [IVOV.US](https://longbridge.com/zh-HK/quote/IVOV.US.md) - [IWF.US](https://longbridge.com/zh-HK/quote/IWF.US.md) - [IUSG.US](https://longbridge.com/zh-HK/quote/IUSG.US.md) - [.IXIC.US](https://longbridge.com/zh-HK/quote/.IXIC.US.md) - [NVDA.US](https://longbridge.com/zh-HK/quote/NVDA.US.md) - [NVD.DE](https://longbridge.com/zh-HK/quote/NVD.DE.md) ## 相關資訊與研究 - [美股高貴不貴 企業獲利支撐本益比 市值產業型美股 ETF 看俏](https://longbridge.com/zh-HK/news/286988455.md) - [經貿磋商丨中美同意商對等降税安排 規模各為 300 億美元或更多](https://longbridge.com/zh-HK/news/287005126.md) - [美國 SEC 下調門檻 旨在「讓 IPO 再次繁榮」｜美股](https://longbridge.com/zh-HK/news/287013583.md) - [公債殖利率飆升，專家：恐將壓垮高估值股市](https://longbridge.com/zh-HK/news/287001514.md) - [海外 ETF 規模 美股 ETF 增加最多](https://longbridge.com/zh-HK/news/287040632.md)