{"id":12286,"date":"2021-02-15T19:55:00","date_gmt":"2021-02-15T10:55:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=12286"},"modified":"2021-02-15T18:56:14","modified_gmt":"2021-02-15T09:56:14","slug":"%e4%b8%96%e7%95%8c%e6%9c%80%e5%a4%a7%e3%81%ae%e3%83%98%e3%83%83%e3%82%b8%e3%83%95%e3%82%a1%e3%83%b3%e3%83%89%e3%80%81%e7%b1%b3%e5%9b%bd%e6%a0%aa%e9%ab%98%e9%85%8d%e5%bd%93%e9%8a%98%e6%9f%84%e3%81%ae","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/12286","title":{"rendered":"\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u3001\u7c73\u56fd\u682a\u9ad8\u914d\u5f53\u9298\u67c4\u306e\u8cb7\u3044\u3092\u500d\u5897"},"content":{"rendered":"\n<p>2\u6708\u3082\u534a\u3070\u306b\u306a\u308a\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u7c73\u56fd\u682a\u8cb7\u3044\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u958b\u793a\u3059\u308bForm 13F\u304c\u516c\u958b\u3055\u308c\u59cb\u3081\u3066\u3044\u308b\u3002\u307e\u305a\u306f\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u7387\u3044\u308b\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9Bridgewater\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u304b\u3089\u5831\u3058\u305f\u3044\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>\u4ee5\u524d\u5831\u3058\u305f\u3088\u3046\u306b\u30012020\u5e74\u306f\u30c0\u30ea\u30aa\u6c0f\u306b\u3068\u3063\u3066\u53b3\u3057\u3044\u5e74\u3068\u306a\u3063\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/12022\" data-type=\"post\" data-id=\"12022\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u30012020\u5e74\u306f\u30b3\u30ed\u30ca\u76f8\u5834\u3067121\u5104\u30c9\u30eb\u306e\u640d\u5931<\/a><\/li><\/ul>\n\n\n\n<p>\u30b3\u30ed\u30ca\u76f8\u5834\u306e\u6700\u521d\u306e\u4e0b\u843d\u3067\u9003\u3052\u9045\u308c\u305f\u4e0a\u306b\u305d\u306e\u5f8c\u306e\u4e0a\u3052\u76f8\u5834\u3092\u9003\u3057\u305f\u305f\u3081\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-15-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"612\" height=\"379\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-15-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-12293\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-15-s-and-p-500-chart.png 612w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-15-s-and-p-500-chart-300x186.png 300w\" sizes=\"auto, (max-width: 612px) 100vw, 612px\" \/><\/a><\/figure>\n\n\n\n<p>2020\u5e74\u306f\u30c0\u30ea\u30aa\u6c0f\u306e\u30ad\u30e3\u30ea\u30a2\u3067\u3082\u306a\u304b\u306a\u304b\u306a\u3044\u898f\u6a21\u306e\u640d\u5931\u3068\u306a\u3063\u3066\u3057\u307e\u3063\u305f\u304c\u30012021\u5e74\u306b\u633d\u56de\u3059\u308b\u305f\u3081\u306e\u30c0\u30ea\u30aa\u6c0f\u306e\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306f\u3069\u3046\u306a\u3063\u3066\u3044\u308b\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<p><strong>\u76f8\u5834\u3092\u5f8c\u8ffd\u3044\u3059\u308b\u30c0\u30ea\u30aa\u6c0f<\/strong><\/p>\n\n\n\n<p>\u5148\u305aForm 13F\u306b\u7533\u544a\u3055\u308c\u3066\u3044\u308b\u7c73\u56fd\u682a\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u5168\u4f53\u306e\u91d1\u984d\u306e\u5909\u5316\u3092\u898b\u3066\u3044\u304d\u305f\u3044\u3002\u682a\u5f0f\u5e02\u5834\u306f2020\u5e743\u6708\u306b\u5e95\u5024\u3092\u4ed8\u3051\u305d\u3053\u304b\u3089\u4e0a\u6607\u3092\u7d9a\u3051\u3066\u3044\u308b\u304c\u3001\u7533\u544a\u3055\u308c\u3066\u3044\u308b\u7c73\u56fd\u682a\u30dd\u30b8\u30b7\u30e7\u30f3\u306e\u7dcf\u984d\u306f\u6b21\u306e\u3088\u3046\u306b\u63a8\u79fb\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>2020\u5e743\u6708:<\/strong> 50\u5104\u30c9\u30eb<\/li><li><strong>2020\u5e746\u6708:<\/strong> 60\u5104\u30c9\u30eb<\/li><li><strong>2020\u5e749\u6708:<\/strong> 83\u5104\u30c9\u30eb<\/li><li><strong>2020\u5e7412\u6708:<\/strong> 116\u5104\u30c9\u30eb<\/li><\/ul>\n\n\n\n<p>\u5e95\u5024\u304b\u3089\u682a\u304c\u4e0a\u304c\u308b\u306b\u3064\u308c\u3066\u3069\u3093\u3069\u3093\u5897\u3048\u3066\u3044\u308b\u3002\u3053\u308c\u306f\u30c0\u30ea\u30aa\u6c0f\u3089\u3057\u304f\u306a\u3044\u30dd\u30b8\u30b7\u30e7\u30f3\u306e\u53d6\u308a\u65b9\u3067\u3042\u308b\u3002\u30c0\u30ea\u30aa\u6c0f\u81ea\u8eab\u304c\u521d\u5fc3\u8005\u3078\u306e\u52a9\u8a00\u3068\u3057\u3066\u6b21\u306e\u3088\u3046\u306b\u8a00\u3063\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/6093\" data-type=\"post\" data-id=\"6093\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9\u304c\u500b\u4eba\u6295\u8cc7\u5bb6\u306b\u52a9\u8a00\u3059\u308b<\/a><\/li><\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u6700\u60aa\u306e\u8003\u3048\u65b9\u3068\u306f\u3001\u300c\u3053\u306e\u8cc7\u7523\u306f\u3053\u308c\u307e\u3067\u826f\u3044\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u3092\u4e0a\u3052\u3066\u3044\u308b\u304b\u3089\u3001\u3053\u306e\u8cc7\u7523\u306f\u3053\u308c\u304b\u3089\u3082\u826f\u3044\u6295\u8cc7\u306a\u306e\u3060\u300d\u3068\u8003\u3048\u308b\u3053\u3068\u3060\u3002\u4fa1\u683c\u304c\u3053\u308c\u307e\u3067\u4e0a\u304c\u3063\u305f\u3068\u3044\u3046\u306e\u306f\u591a\u5206\u3001\u3088\u308a\u5272\u9ad8\u306b\u306a\u3063\u305f\u3068\u3044\u3046\u3053\u3068\u3060\u3002<\/p><\/blockquote>\n\n\n\n<p>\u672c\u6765\u3001\u5b89\u3044\u3082\u306e\u3092\u5b89\u3044\u3068\u304d\u306b\u8cb7\u3046\u306e\u304c\u30d7\u30ed\u306e\u6295\u8cc7\u5bb6\u3067\u3042\u308b\u3002\u3057\u304b\u3057\u30c0\u30ea\u30aa\u6c0f\u306f\u4eca\u3001\u4e0a\u304c\u3063\u305f\u5f8c\u306b\u682a\u3092\u8cb7\u3063\u3066\u3044\u308b\u3002\u307e\u3060\u307e\u3060\u5f8c\u624b\u306b\u56de\u3063\u3066\u3044\u308b\u30c0\u30ea\u30aa\u6c0f\u3060\u304c\u3001\u53bb\u5e74\u306e\u640d\u5931\u3092\u633d\u56de\u3067\u304d\u308b\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<p><strong>\u30c0\u30ea\u30aa\u6c0f\u306e\u4e2d\u56fd\u6295\u8cc7<\/strong><\/p>\n\n\n\n<p>\u6b21\u306b\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u5185\u5bb9\u3092\u898b\u3066\u3086\u3053\u3046\u3002<\/p>\n\n\n\n<p>Form 13F\u306f\u7c73\u56fd\u682a\u306e\u8cb7\u3044\u30dd\u30b8\u30b7\u30e7\u30f3\u3060\u3051\u3092\u958b\u793a\u3059\u308b\u3082\u306e\u3060\u304c\u3001\u4e0a\u8a18\u306e\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u7dcf\u984d\u306e\u5897\u52a0\u306f\u5fc5\u305a\u3057\u3082\u305d\u306e\u307e\u307e\u7c73\u56fd\u4f01\u696d\u3078\u306e\u6295\u8cc7\u3092\u610f\u5473\u3059\u308b\u3082\u306e\u3067\u306f\u306a\u3044\u3002\u4f55\u6545\u306a\u3089\u3070\u3001\u30c0\u30ea\u30aa\u6c0f\u306e\u30dd\u30fc\u30c8\u30d5\u30a9\u30ea\u30aa\u306e\u4e2d\u306b\u306f\u65b0\u8208\u56fdETF\u304c\u591a\u304f\u542b\u307e\u308c\u3066\u3044\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Vanguard\u65b0\u8208\u56fdETF (VWO):<\/strong> 7\u5104\u30c9\u30eb<\/li><li><strong>iShares\u65b0\u8208\u56fdETF (IEMG):<\/strong> 3\u5104\u30c9\u30eb<\/li><li><strong>iShares\u4e2d\u56fd\u5927\u578b\u682aETF (FXI):<\/strong> 2\u5104\u30c9\u30eb<\/li><\/ul>\n\n\n\n<p>Vanguard\u65b0\u8208\u56fdETF\u306e\u30c1\u30e3\u30fc\u30c8\u306f\u6b21\u306e\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-15-vanguard-emerging-markets-stock-index-fund-nysearca-vwo-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"612\" height=\"379\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-15-vanguard-emerging-markets-stock-index-fund-nysearca-vwo-chart.png\" alt=\"\" class=\"wp-image-12290\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-15-vanguard-emerging-markets-stock-index-fund-nysearca-vwo-chart.png 612w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-15-vanguard-emerging-markets-stock-index-fund-nysearca-vwo-chart-300x186.png 300w\" sizes=\"auto, (max-width: 612px) 100vw, 612px\" \/><\/a><\/figure>\n\n\n\n<p>\u597d\u8abf\u3060\u3068\u8a00\u3048\u308b\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<p>\u307e\u305f\u3001\u500b\u5225\u682a\u3067\u306fAlibaba\u30924\u5104\u30c9\u30eb\u4fdd\u6709\u3057\u3066\u3044\u308b\u3002\u3053\u3061\u3089\u3082\u4e2d\u56fd\u682a\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-15-alibaba-nyse-baba-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"612\" height=\"379\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-15-alibaba-nyse-baba-chart.png\" alt=\"\" class=\"wp-image-12291\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-15-alibaba-nyse-baba-chart.png 612w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-15-alibaba-nyse-baba-chart-300x186.png 300w\" sizes=\"auto, (max-width: 612px) 100vw, 612px\" \/><\/a><\/figure>\n\n\n\n<p>\u30b3\u30ed\u30ca\u4ee5\u5f8c\u3001\u591a\u304f\u306e\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u304c\u30a2\u30e1\u30ea\u30ab\u3088\u308a\u4e2d\u56fd\u3092\u9078\u597d\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/12257\" data-type=\"post\" data-id=\"12257\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u3001\u30a2\u30b8\u30a2\u306e\u901a\u8ca8\u306b\u5f37\u6c17<\/a><\/li><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/11929\" data-type=\"post\" data-id=\"11929\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u7c73\u56fd\u682a\u3001\u30a2\u30b8\u30a2\u65b0\u8208\u56fd\u682a\u306b\u5f37\u6c17<\/a><\/li><\/ul>\n\n\n\n<p>\u4e2d\u3067\u3082\u30c0\u30ea\u30aa\u6c0f\u306f\u53bb\u5e74\u306e5\u6708\u304b\u3089\u4e2d\u56fd\u304c\u30a2\u30e1\u30ea\u30ab\u3092\u8d85\u3048\u3066\u8987\u6a29\u56fd\u5bb6\u306b\u306a\u308b\u3068\u4e3b\u5f35\u3057\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/10592\" data-type=\"post\" data-id=\"10592\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u4e2d\u56fd\u304c\u8987\u6a29\u3092\u63e1\u308a\u30c9\u30eb\u306f\u57fa\u8ef8\u901a\u8ca8\u3067\u306a\u304f\u306a\u308b<\/a><\/li><\/ul>\n\n\n\n<p>\u30c0\u30ea\u30aa\u6c0f\u306f\u6709\u8a00\u5b9f\u884c\u3057\u3066\u3044\u308b\u3088\u3046\u3067\u3042\u308b\u3002\u4eca\u5f8c\u3001\u4e2d\u56fd\u682a\u306e\u30d1\u30d5\u30a9\u30fc\u30de\u30f3\u30b9\u306f\u7c73\u56fd\u682a\u3092\u4e0a\u56de\u308b\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<p><strong>\u30c0\u30ea\u30aa\u6c0f\u306e\u7c73\u56fd\u682a\u6295\u8cc7<\/strong><\/p>\n\n\n\n<p>\u4e00\u65b9\u3067\u3001\u30c0\u30ea\u30aa\u6c0f\u306f\u7c73\u56fd\u682a\u3082\u5f53\u7136\u8cb7\u3063\u3066\u3044\u308b\u3002\u4e2d\u3067\u3082\u30dd\u30b8\u30b7\u30e7\u30f3\u306e\u91d1\u984d\u304c\u5897\u984d\u3055\u308c\u3066\u3044\u308b\u306e\u304c\u610f\u5916\u306b\u3082\u9ad8\u914d\u5f53\u9298\u67c4\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Walmart:<\/strong> 4\u5104\u30c9\u30eb<\/li><li><strong>Procter &amp; Gamble:<\/strong> 4\u5104\u30c9\u30eb<\/li><li><strong>Coca Cola:<\/strong> 2\u5104\u30c9\u30eb<\/li><li><strong>McDonald&#8217;s:<\/strong> 2\u5104\u30c9\u30eb<\/li><\/ul>\n\n\n\n<p>\u305d\u308c\u305e\u308c\u524d\u56de\u304b\u3089\u30dd\u30b8\u30b7\u30e7\u30f3\u304c\u500d\u4ee5\u4e0a\u306b\u5897\u984d\u3055\u308c\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u4f55\u6545\u610f\u5916\u304b\u3068\u8a00\u3048\u3070\u3001\u30c0\u30ea\u30aa\u6c0f\u306f\u53bb\u5e74\u304b\u3089\u91cf\u7684\u7de9\u548c\u3068\u73fe\u91d1\u7d66\u4ed8\u306b\u3088\u308b\u30c9\u30eb\u306e\u4fa1\u5024\u66b4\u843d\u3092\u8b66\u544a\u3057\u7d9a\u3051\u3066\u304a\u308a\u3001\u8ca8\u5e63\u4fa1\u5024\u304c\u4e0b\u843d\u3057\u3066\u30a4\u30f3\u30d5\u30ec\u306b\u306a\u308c\u3070\u91d1\u5229\u304c\u4e0a\u304c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3002\u305d\u3057\u3066\u91d1\u5229\u304c\u4e0a\u304c\u308c\u3070\u8cc7\u91d1\u306f\u9ad8\u914d\u5f53\u9298\u67c4\u304b\u3089\u56fd\u50b5\u3078\u3068\u79fb\u308b\u305f\u3081\u3001\u30c0\u30ea\u30aa\u6c0f\u306e\u60f3\u5b9a\u3059\u308b\u30c9\u30eb\u306e\u4fa1\u5024\u4e0b\u843d\u30b7\u30ca\u30ea\u30aa\u3068\u9ad8\u914d\u5f53\u9298\u67c4\u306f\u4e00\u898b\u77db\u76fe\u3059\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/11762\" data-type=\"post\" data-id=\"11762\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u30c9\u30eb\u304c\u4e0b\u843d\u3057\u305f\u3089\u30a2\u30e1\u30ea\u30ab\u306f\u7d42\u308f\u308a<\/a><\/li><\/ul>\n\n\n\n<p>\u5b9f\u969b\u306b\u91d1\u5229\u306f\u65e2\u306b\u4e0a\u304c\u308a\u59cb\u3081\u3066\u304a\u308a\u3001\u9ad8\u914d\u5f53\u9298\u67c4\u306f\u82e6\u6226\u3057\u3066\u3044\u308b\u3002\u4e0a\u8a18\u306e\u9298\u67c4\u3067\u4e00\u756a\u914d\u5f53\u7387\u306e\u9ad8\u3044Coca Cola\u306e\u30c1\u30e3\u30fc\u30c8\u3092\u63b2\u8f09\u3057\u3066\u307f\u3088\u3046\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-15-coca-cola-nyse-ko-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"612\" height=\"379\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-15-coca-cola-nyse-ko-chart.png\" alt=\"\" class=\"wp-image-12292\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-15-coca-cola-nyse-ko-chart.png 612w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-15-coca-cola-nyse-ko-chart-300x186.png 300w\" sizes=\"auto, (max-width: 612px) 100vw, 612px\" \/><\/a><\/figure>\n\n\n\n<p>\u4ee5\u4e0b\u306e\u7c73\u56fd\u306e\u682a\u4fa1\u6307\u6570\u306e\u30c1\u30e3\u30fc\u30c8\u304c\u30b3\u30ed\u30ca\u524d\u306e\u9ad8\u5024\u3092\u5927\u304d\u304f\u4e0a\u56de\u3063\u3066\u3044\u308b\u3053\u3068\u3092\u8003\u616e\u3059\u308b\u3068\u82e6\u6226\u306f\u660e\u3089\u304b\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-15-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"612\" height=\"379\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-15-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-12293\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-15-s-and-p-500-chart.png 612w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-15-s-and-p-500-chart-300x186.png 300w\" sizes=\"auto, (max-width: 612px) 100vw, 612px\" \/><\/a><\/figure>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u3053\u306e\u72b6\u6cc1\u3067\u30c0\u30ea\u30aa\u6c0f\u304c\u9ad8\u914d\u5f53\u9298\u67c4\u3092\u8cb7\u3046\u7406\u7531\u306f\u4f55\u3060\u308d\u3046\u304b\u3002\u591a\u304f\u306e\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u304c\u30a4\u30f3\u30d5\u30ec\u3068\u91d1\u5229\u4e0a\u6607\u3092\u4e88\u60f3\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/12182\" data-type=\"post\" data-id=\"12182\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u304c\u7269\u4fa1\u9ad8\u9a30\u3092\u4e88\u60f3\u3001\u7c73\u56fd\u50b5\u3092\u7a7a\u58f2\u308a\u3001\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u3092\u7206\u8cb7\u3044<\/a><\/li><\/ul>\n\n\n\n<p>\u6700\u8fd1\u5831\u3058\u305f\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f\u306e\u8a18\u4e8b\u3060\u304c\u3001\u3053\u306e\u8a18\u4e8b\u306b\u304a\u3044\u3066\u56fd\u50b5\u3092\u7a7a\u58f2\u308a\u3057\u3066\u91d1\u5229\u4e0a\u6607\uff08\u56fd\u50b5\u4fa1\u683c\u306e\u4e0b\u843d\uff09\u306b\u76f4\u63a5\u8ced\u3051\u3066\u3044\u308b\u6c0f\u304c\u6b21\u306e\u3088\u3046\u306b\u8a00\u3063\u3066\u3044\u305f\u3053\u3068\u3092\u601d\u3044\u51fa\u3057\u305f\u3044\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u308f\u305f\u3057\u306f\u30a4\u30f3\u30d5\u30ec\u304c\u4e2d\u592e\u9280\u884c\u304c\u8003\u3048\u3066\u3044\u308b\u3088\u308a\u3082\u4e0a\u6607\u3059\u308b\u3068\u8e0f\u3093\u3067\u3044\u308b\u3002<\/p><p>\u305d\u308c\u3067\u9577\u671f\u5074\u306e\u56fd\u50b5\u3092\u7a7a\u58f2\u308a\u3057\u3066\u3044\u308b\u3002\u3067\u3082\u4e2d\u592e\u9280\u884c\u304c\u6b63\u6c17\u3092\u5931\u3048\u3070\u3053\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u306f\u5b9f\u3089\u306a\u3044\u304b\u3082\u3057\u308c\u306a\u3044\u3002\u3060\u304b\u3089\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u3092\u5927\u91cf\u306b\u4fdd\u6709\u3057\u3066\u3044\u308b\u3002\u3082\u3057\u4e2d\u592e\u9280\u884c\u304c\u50b5\u5238\u4fa1\u683c\u3092\u8cb7\u3044\u652f\u3048\u3066\u91d1\u5229\u4e0a\u6607\u3092\u6291\u3048\u308c\u3070\u3001\u30b3\u30e2\u30c7\u30a3\u30c6\u30a3\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u304c\u5229\u76ca\u3092\u51fa\u3057\u3066\u304f\u308c\u308b\u3060\u308d\u3046\u3002<\/p><\/blockquote>\n\n\n\n<p>\u91cd\u8981\u306a\u306e\u306f\u300c\u4e2d\u592e\u9280\u884c\u304c\u6b63\u6c17\u3092\u5931\u3048\u3070\u3053\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u306f\u5b9f\u3089\u306a\u3044\u304b\u3082\u3057\u308c\u306a\u3044\u300d\u3068\u3044\u3046\u7b87\u6240\u3067\u3042\u308b\u3002\u3064\u307e\u308a\u3001\u30c0\u30ea\u30aa\u6c0f\u306f\u4e2d\u592e\u9280\u884c\u304c\u91d1\u5229\u3092\u7121\u7406\u77e2\u7406\u62bc\u3055\u3048\u8fbc\u307f\u3001\u305d\u308c\u304c\u9ad8\u914d\u5f53\u9298\u67c4\u306b\u30d7\u30e9\u30b9\u306b\u306a\u308b\u30b7\u30ca\u30ea\u30aa\u3092\u898b\u3066\u3044\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3002<\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u91d1\u5229\u306f\u4eca\u5f8c\u3069\u3046\u306a\u308b\u3060\u308d\u3046\u304b\u3002\u73fe\u72b6\u3067\u306f\u91d1\u5229\u306f\u3058\u308f\u3058\u308f\u4e0a\u304c\u3063\u3066\u3044\u308b\u3002\u91d1\u5229\u304c\u4e0a\u304c\u308a\u3059\u304e\u308b\u3068\u682a\u5f0f\u5e02\u5834\u5168\u4f53\u306b\u3082\u91cd\u304f\u306e\u3057\u304b\u304b\u3063\u3066\u304f\u308b\u3053\u3068\u306f\u7559\u610f\u3057\u3066\u304a\u304d\u305f\u3044\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-15-us-10-year-treasury-bond-yield-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"634\" height=\"488\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-15-us-10-year-treasury-bond-yield-chart.png\" alt=\"\" class=\"wp-image-12294\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-15-us-10-year-treasury-bond-yield-chart.png 634w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2021\/02\/2021-2-15-us-10-year-treasury-bond-yield-chart-300x231.png 300w\" sizes=\"auto, (max-width: 634px) 100vw, 634px\" \/><\/a><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>2\u6708\u3082\u534a\u3070\u306b\u306a\u308a\u6a5f\u95a2\u6295\u8cc7\u5bb6\u306e\u7c73\u56fd\u682a\u8cb7\u3044\u30dd\u30b8\u30b7\u30e7\u30f3\u3092\u958b\u793a\u3059\u308bForm 13F\u304c\u516c\u958b\u3055\u308c\u59cb\u3081\u3066\u3044\u308b\u3002\u307e\u305a\u306f\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u7387\u3044\u308b\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9Bridgewater\u306e\u30dd\u30b8\u30b7\u30e7\u30f3\u304b\u3089\u5831\u3058\u305f\u3044\u3002<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59,111],"tags":[102],"class_list":["post-12286","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","category-stock-markets","tag-ray-dalio"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/12286","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/comments?post=12286"}],"version-history":[{"count":13,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/12286\/revisions"}],"predecessor-version":[{"id":12304,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/12286\/revisions\/12304"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=12286"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=12286"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=12286"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}