Tom Lee：科技巨头熊市结束，但其他板块或迎「滚动式熊市」
BlockBeats 消息，5 月 27 日，Fundstrat 研究主管 Tom Lee 表示，尽管「科技七巨头」已摆脱下跌，但整体市场风险并未解除，2026 年晚些时候其他板块可能陆续进入「滚动式熊市」。
他认为 AI 需求依然强劲，将支撑主要指数年底前保持韧性，但市场内部分化将加剧。他在 CNBC 采访中表示：「科技七巨头和软件板块的熊市已经结束」，但强调这不能代表整体市场。
Lee 指出三大潜在扰动因素：中期选举周期波动、科技公司 IPO 限售期满后的抛售压力，以及能源供给紧张。其中，他将能源视为最直接风险，警告「清算时刻即将到来：石油产品库存短缺且短期内无法缓解」，依赖能源的企业将承压。
他仍看好美国经济的核心支撑——能源独立和 AI 生产率提升，建议投资者关注盈利确定性强的方向，称「真正走强的是掌握稀缺资源的公司」。他提到半导体板块已有过热迹象，但短期内资金动能仍偏向 AI 供应商与科技龙头，而其他行业或逐步进入调整阶段。
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
Related Flash News
The largest liquidation on the entire internet: This round of decline broke through two whales' 47.2 million positions, with losses far exceeding those of the "regular liquidator" Maji
Spain temporarily banned Polymarket and Kalshi, with investigations possibly lasting several months
Korea Investment & Securities and OKX plan to jointly acquire a 40% stake in Coinone, with a total amount possibly exceeding $300 million
Futu and Changqiao clean up false proof materials for account openings and empty accounts
Fed's Goolsbee: The more hype there is about future productivity growth, the more likely the U.S. will need to raise interest rates
Spot gold fell below $4,400 per ounce
SUPERFORTUNE: The GUA security incident may involve tampering with multi-signature addresses
"New Stock God" Serenity: Maybe I'll analyze two Chinese stocks, even if I don't hold any positions personally
Argentina's anti-gambling law has brought crypto exchanges under regulation for the first time, with violations punishable by 2 to 4 years in prison
Samsung Securities acquired a 2% stake in Dunamu, valuing it at about 15.3 trillion KRW
