---
title: "標普 500 指數正在積累波動性赤字"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/297780183.md"
description: "由 Frank Monkam 通過彭博社撰寫，VIX 期限結構的前端自伊朗戰爭開始以來顯著下滑，而後端仍然高企，導致曲線陡峭併產生了波動性赤字，這表明股票最終將面臨調整"
datetime: "2026-09-02T11:45:11.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/297780183.md)
  - [en](https://longbridge.com/en/news/297780183.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/297780183.md)
generator: "portal-rs"
---

# 標普 500 指數正在積累波動性赤字

*Authored by Frank Monkam via Bloomberg,*

The VIX term structure features a front end that has materially downshifted since the start of the Iran war while the back end remains elevated,**steepening the curve and spawning a volatility deficit that suggests a reckoning will eventually arrive for stocks.**

### 相關股票

- [.SPX.US](https://longbridge.com/zh-HK/quote/.SPX.US.md)
- [.VIX.US](https://longbridge.com/zh-HK/quote/.VIX.US.md)
- [SPY.US](https://longbridge.com/zh-HK/quote/SPY.US.md)
- [IVV.US](https://longbridge.com/zh-HK/quote/IVV.US.md)
- [VOO.US](https://longbridge.com/zh-HK/quote/VOO.US.md)
- [SPLG.US](https://longbridge.com/zh-HK/quote/SPLG.US.md)
- [SPXL.US](https://longbridge.com/zh-HK/quote/SPXL.US.md)
- [UPRO.US](https://longbridge.com/zh-HK/quote/UPRO.US.md)
- [SSO.US](https://longbridge.com/zh-HK/quote/SSO.US.md)
- [SH.US](https://longbridge.com/zh-HK/quote/SH.US.md)
- [SPXS.US](https://longbridge.com/zh-HK/quote/SPXS.US.md)
- [SPXU.US](https://longbridge.com/zh-HK/quote/SPXU.US.md)
- [SDS.US](https://longbridge.com/zh-HK/quote/SDS.US.md)
- [SPYI.US](https://longbridge.com/zh-HK/quote/SPYI.US.md)
- [JEPI.US](https://longbridge.com/zh-HK/quote/JEPI.US.md)
- [XYLD.US](https://longbridge.com/zh-HK/quote/XYLD.US.md)
- [UVXY.US](https://longbridge.com/zh-HK/quote/UVXY.US.md)
- [UVIX.US](https://longbridge.com/zh-HK/quote/UVIX.US.md)
- [SVIX.US](https://longbridge.com/zh-HK/quote/SVIX.US.md)
- [SVXY.US](https://longbridge.com/zh-HK/quote/SVXY.US.md)

## 相關資訊與研究

- [由於這個 ‘負面風險三位一體’ 令投資者感到恐慌，股票正在下跌](https://longbridge.com/zh-HK/news/298638584.md)
- [股票即將迎來'面部撕裂式上漲'的四大原因](https://longbridge.com/zh-HK/news/298720560.md)
- [市場圖譜：標普 500 指數在平靜期後或即將突破](https://longbridge.com/zh-HK/news/298573909.md)
- [巴克萊銀行將標普 500 指數的年底目標上調至 7,950](https://longbridge.com/zh-HK/news/298556752.md)
- [實時市場動態——美聯儲加息對股市真的那麼不利嗎？](https://longbridge.com/zh-HK/news/298574957.md)

---
> **免責聲明: 本文僅供參考，不構成任何投資建議。**