{"id":36590,"date":"2023-05-08T20:04:00","date_gmt":"2023-05-08T11:04:00","guid":{"rendered":"https:\/\/www.globalmacroresearch.org\/jp\/?p=36590"},"modified":"2023-05-08T13:57:50","modified_gmt":"2023-05-08T04:57:50","slug":"%e3%82%ac%e3%83%b3%e3%83%89%e3%83%a9%e3%83%83%e3%82%af%e6%b0%8f-%e7%b1%b3%e5%9b%bd%e6%a0%aa%e3%81%af%e5%a3%b2%e3%82%8a%e3%80%81%e3%82%bc%e3%83%ad%e3%83%aa%e3%82%b9%e3%82%af%e3%81%ae%e7%9f%ad%e6%9c%9f","status":"publish","type":"post","link":"https:\/\/www.globalmacroresearch.org\/jp\/archives\/36590","title":{"rendered":"\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u7c73\u56fd\u682a\u306f\u58f2\u308a\u3001\u30bc\u30ed\u30ea\u30b9\u30af\u306e\u77ed\u671f\u91d1\u5229\u304c\u7c73\u56fd\u682a\u914d\u5f53\u306e2\u500d\u4ee5\u4e0a"},"content":{"rendered":"\n<p>\u5f15\u304d\u7d9a\u304dDoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306eCNBC\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002\u4eca\u56de\u306f\u682a\u5f0f\u5e02\u5834\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u7b87\u6240\u3092\u7d39\u4ecb\u3057\u305f\u3044\u3002<\/p>\n\n\n\n<!--more-->\n\n\n\n<p><strong>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306e\u7c73\u56fd\u682a\u63a8\u79fb\u4e88\u60f3<\/strong><\/p>\n\n\n\n<p>2022\u5e74\u306b\u5229\u4e0a\u3052\u3067\u4e0b\u843d\u57fa\u8abf\u3060\u3063\u305f\u7c73\u56fd\u682a\u3060\u304c\u3001\u53bb\u5e74\u306e\u79cb\u9803\u304b\u3089\u30a2\u30e1\u30ea\u30ab\u306e\u30a4\u30f3\u30d5\u30ec\u304c\u6e1b\u901f\u3057\u9577\u671f\u91d1\u5229\u304c\u4e0b\u304c\u3063\u305f\u3053\u3068\u3067\u4e0b\u843d\u306f\u4e00\u6642\u505c\u6b62\u3068\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u30a2\u30e1\u30ea\u30ab\u306e\u682a\u4fa1\u6307\u6570S&amp;P 500\u306f\u6b21\u306e\u3088\u3046\u306b\u63a8\u79fb\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/05\/2023-5-8-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"389\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/05\/2023-5-8-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-36596\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/05\/2023-5-8-s-and-p-500-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/05\/2023-5-8-s-and-p-500-chart-300x189.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u3060\u304c\u6c38\u9060\u306b\u3053\u306e\u6c34\u6e96\u306b\u7559\u307e\u308a\u7d9a\u3051\u308b\u308f\u3051\u306b\u3082\u3044\u304b\u306a\u3044\u3060\u308d\u3046\u3002\u682a\u4fa1\u306f\u3053\u308c\u304b\u3089\u3069\u3046\u306a\u308b\u306e\u304b\u3002\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u682a\u5f0f\u3092\u542b\u3080\u30ea\u30b9\u30af\u8cc7\u7523\u306e\u5148\u884c\u304d\u306b\u3064\u3044\u3066\u6b21\u306e\u3088\u3046\u306b\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u5f15\u304d\u7de0\u3081\u306b\u3088\u308b\u7d4c\u6e08\u6e1b\u901f\u306e\u304a\u9670\u3067\u53bb\u5e74\u306e9\u6708\u4ee5\u964d\u30ea\u30b9\u30af\u8cc7\u7523\u306b\u5bfe\u3057\u4e2d\u7acb\u304b\u591a\u5c11\u5f37\u6c17\u3060\u3063\u305f\u304c\u3001\u4eca\u3067\u306f\u3088\u308a\u5f31\u6c17\u306b\u50be\u3044\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<p>\u30ea\u30b9\u30af\u8cc7\u7523\u306e\u4fa1\u683c\u306f\u9ad8\u91d1\u5229\u3001\u91cf\u7684\u5f15\u304d\u7de0\u3081\u3001\u4fe1\u7528\u7e2e\u5c0f\u306e\u30ab\u30af\u30c6\u30eb\u3092\u904e\u5c0f\u8a55\u4fa1\u3057\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u307e\u305a\u653f\u7b56\u91d1\u5229\u306f\u3042\u308b\u7a0b\u5ea6\u9ad8\u6b62\u307e\u308a\u3057\u305d\u3046\u3060\u3002\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306f\u5f31\u3063\u3066\u3044\u308b\u4e00\u65b9\u3067\u96c7\u7528\u7d71\u8a08\u306f\u30b5\u30fc\u30d3\u30b9\u4fa1\u683c\u306e\u30a4\u30f3\u30d5\u30ec\u7d99\u7d9a\u3092\u793a\u3057\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/36492\" data-type=\"post\" data-id=\"36492\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: 5\u6708\u306e\u5229\u4e0a\u3052\u306f\u9593\u9055\u3044\u3001\u9280\u884c\u306f\u3053\u308c\u304b\u3089\u3082\u7834\u7dbb\u3057\u7d9a\u3051\u308b<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/36530\" data-type=\"post\" data-id=\"36530\">4\u6708\u96c7\u7528\u7d71\u8a08\u306f\u30a4\u30f3\u30d5\u30ec\u7d99\u7d9a\u3001\u9280\u884c\u5371\u6a5f\u3068\u306e\u30b3\u30e9\u30dc\u3067\u30b9\u30bf\u30b0\u30d5\u30ec\u30fc\u30b7\u30e7\u30f3\u3078<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u9280\u884c\u5371\u6a5f\u306f\u7d99\u7d9a\u3057\u3066\u3044\u308b\u3002\u7b46\u8005\u3084\u3053\u3053\u3067\u76f8\u5834\u89b3\u3092\u5831\u3058\u3066\u3044\u308b\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u3089\u306e\u898b\u89e3\u306b\u3088\u308c\u3070\u3001\u9280\u884c\u5371\u6a5f\u306f\u653f\u7b56\u91d1\u5229\u304c\u9ad8\u6b62\u307e\u308a\u3059\u308b\u9650\u308a\u3053\u308c\u304b\u3089\u3082\u7d9a\u304f\u3060\u308d\u3046\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/35881\" data-type=\"post\" data-id=\"35881\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u9280\u884c\u5371\u6a5f\u306f\u4e16\u754c\u7d4c\u6e08\u5168\u4f53\u306b\u6ce2\u53ca\u3057\u3066\u7269\u4fa1\u9ad8\u9a30\u304b\u5012\u7523\u5371\u6a5f\u3067\u7d42\u308f\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p><strong>2023\u5e74\u306e\u30ea\u30b9\u30af\u8cc7\u7523\u52d5\u5411<\/strong><\/p>\n\n\n\n<p>\u305d\u3057\u3066\u82e6\u3057\u3093\u3067\u3044\u308b\u306e\u306f\u9280\u884c\u3060\u3051\u3067\u306f\u306a\u3044\u3002\u30a2\u30e1\u30ea\u30ab\u3067\u5730\u65b9\u9280\u884c\u304c\u82e6\u3057\u3093\u3067\u3044\u308b\u306e\u306f\u3001\u9867\u5ba2\u3067\u3042\u308b\u30a2\u30e1\u30ea\u30ab\u306e\u4e2d\u5c0f\u4f01\u696d\u304c\u82e6\u3057\u3093\u3067\u3044\u308b\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u9280\u884c\u5371\u6a5f\u4ee5\u6765\u3001\u9280\u884c\u304c\u8cb8\u3057\u6e0b\u3063\u3066\u3044\u308b\u305f\u3081\u306b\u4e2d\u5c0f\u4f01\u696d\u306e\u8cc7\u91d1\u7e70\u308a\u304c\u82e6\u3057\u304f\u306a\u3063\u3066\u3044\u308b\u3053\u3068\u3092\u6307\u6458\u3057\u3066\u3044\u305f\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/35667\" data-type=\"post\" data-id=\"35667\">\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f: \u9280\u884c\u5371\u6a5f\u5f8c\u306b\u4e2d\u5c0f\u4f01\u696d\u306f\u304a\u91d1\u304c\u501f\u308a\u3089\u308c\u306a\u304f\u306a\u3063\u3066\u3044\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e\u5148\u884c\u304d\u306b\u3064\u3044\u3066\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u96f2\u884c\u304d\u306f\u53bb\u5e749\u6708\u306b\u6bd4\u3079\u3066\u304b\u306a\u308a\u602a\u3057\u304f\u306a\u3063\u3066\u3044\u308b\u3002\u4eca\u5e74\u306e\u7b2c4\u56db\u534a\u671f\u304b\u3089\u8cea\u306e\u4f4e\u3044\u50b5\u5238\u306e\u30c7\u30d5\u30a9\u30eb\u30c8\u304c\u591a\u304f\u306a\u308b\u3068\u60f3\u5b9a\u3059\u3079\u304d\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u5012\u7523\u306e\u5897\u52a0\u306f\u4ed6\u306e\u30d5\u30a1\u30f3\u30c9\u30de\u30cd\u30fc\u30b8\u30e3\u30fc\u3089\u3082\u6307\u6458\u3057\u3066\u3044\u308b\u3053\u3068\u3067\u3042\u308b\u3002\u5f53\u305f\u308a\u524d\u3060\u308d\u3046\u3002\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u4ee5\u6765\u30bc\u30ed\u91d1\u5229\u3092\u524d\u63d0\u306b\u81ea\u8ee2\u8eca\u64cd\u696d\u3057\u3066\u304d\u305f\u30be\u30f3\u30d3\u4f01\u696d\u305f\u3061\u304c5%\u306e\u653f\u7b56\u91d1\u5229\u3092\u751f\u304d\u5ef6\u3073\u3089\u308c\u308b\u308f\u3051\u304c\u306a\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/34065\" data-type=\"post\" data-id=\"34065\">\u30dd\u30fc\u30eb\u30bd\u30f3\u6c0f\u306e2023\u5e74\u682a\u4fa1\u4e88\u60f3: \u5012\u7523\u304c\u6025\u5897\u3057\u682a\u4fa1\u306f\u4e0b\u843d\u3059\u308b<\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/35881\" data-type=\"post\" data-id=\"35881\">\u4e16\u754c\u6700\u5927\u306e\u30d8\u30c3\u30b8\u30d5\u30a1\u30f3\u30c9: \u9280\u884c\u5371\u6a5f\u306f\u4e16\u754c\u7d4c\u6e08\u5168\u4f53\u306b\u6ce2\u53ca\u3057\u3066\u7269\u4fa1\u9ad8\u9a30\u304b\u5012\u7523\u5371\u6a5f\u3067\u7d42\u308f\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u6700\u521d\u306b\u6f70\u308c\u305f\u306e\u304c\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u3060\u3063\u305f\u3053\u3068\u306f\u3001\u305d\u3046\u3044\u3046\u8d64\u5b57\u4f01\u696d\u304c\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u306b\u591a\u304b\u3063\u305f\u3053\u3068\u306b\u8d77\u56e0\u3057\u3066\u3044\u308b\u3002\u305d\u3046\u3044\u3046\u9867\u5ba2\u304c\u8cc7\u91d1\u96e3\u306b\u9665\u308a\u771f\u3063\u5148\u306b\u9810\u91d1\u3092\u5f15\u304d\u51fa\u3057\u305f\u306e\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/34498\" data-type=\"post\" data-id=\"34498\">\u30b7\u30ea\u30b3\u30f3\u30d0\u30ec\u30fc\u9280\u884c\u306e\u6c7a\u7b97\u66f8\u304b\u3089\u7834\u7dbb\u306e\u7406\u7531\u3092\u89e3\u8aac\u3059\u308b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u305d\u3057\u3066\u50b5\u5238\u304c\u30c7\u30d5\u30a9\u30eb\u30c8\u3057\u4f01\u696d\u304c\u5012\u7523\u3059\u308b\u3053\u3068\u306f\u682a\u5f0f\u5e02\u5834\u306b\u3082\u60aa\u5f71\u97ff\u3092\u4e0e\u3048\u308b\u3002\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u7d9a\u3051\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u8cea\u306e\u4f4e\u3044\u50b5\u5238\u304c\u30c7\u30d5\u30a9\u30eb\u30c8\u3057\u30b9\u30d7\u30ec\u30c3\u30c9\uff08\u56fd\u50b5\u3068\u306e\u91d1\u5229\u5dee\uff09\u304c\u5e83\u304c\u308b\u3068\u304d\u306b\u306f\u3001\u682a\u5f0f\u5e02\u5834\u306b\u3068\u3063\u3066\u306f\u975e\u5e38\u306b\u96e3\u3057\u3044\u72b6\u6cc1\u306b\u306a\u308b\u3002\u8cc7\u672c\u5e02\u5834\u3067\u306f\u682a\u5f0f\u306f\u305d\u308c\u3089\u306e\u50b5\u5238\u306e\u6b21\u306b\u4f4d\u7f6e\u3057\u3066\u3044\u308b\u304b\u3089\u3060\u3002<\/p>\n\n\n\n<p>\u50b5\u5238\u304c\u4e0b\u843d\u3059\u308b\u3068\u304d\u3001\u682a\u5f0f\u5e02\u5834\u306b\u306f\u5927\u304d\u306a\u9006\u98a8\u304c\u5439\u304f\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u8cc7\u7523\u540c\u58eb\u306e\u8cc7\u91d1\u306e\u596a\u3044\u5408\u3044<\/strong><\/p>\n\n\n\n<p>\u300c\u6b21\u306b\u4f4d\u7f6e\u3057\u3066\u3044\u308b\u300d\u3068\u306f\u3069\u3046\u3044\u3046\u3053\u3068\u304b\uff1f\u3000Bridgewater\u306e\u30ec\u30a4\u30fb\u30c0\u30ea\u30aa\u6c0f\u304c\u3088\u304f\u8a00\u3063\u3066\u3044\u308b\u304c\u3001\u6295\u8cc7\u5bb6\u306f\u5e02\u5834\u306b\u3042\u308b\u9078\u629e\u80a2\u306e\u4e2d\u304b\u3089\u81ea\u5206\u306e\u6295\u8cc7\u3057\u305f\u3044\u8cc7\u7523\u3092\u9078\u3076\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u3060\u304b\u3089\u682a\u5f0f\u306b\u30ea\u30b9\u30af\u304c\u8fd1\u3044\u30b8\u30e3\u30f3\u30af\u50b5\u304c\u4e0b\u843d\u3057\u91d1\u5229\u304c\u4e0a\u6607\u3059\u308b\u3068\u304d\u3001\u682a\u5f0f\u306b\u884c\u3063\u3066\u3044\u305f\u8cc7\u91d1\u304c\u91d1\u5229\u304c\u4e0a\u304c\u3063\u305f\u30b8\u30e3\u30f3\u30af\u50b5\u306b\u5411\u304b\u3046\u3053\u3068\u306b\u306a\u308b\u306e\u3067\u3042\u308b\u3002\u305d\u3057\u3066\u682a\u4fa1\u304c\u4e0b\u843d\u3059\u308b\u3002<\/p>\n\n\n\n<p>\u3053\u306e\u3088\u3046\u306b\u69d8\u3005\u306a\u8cc7\u7523\u30af\u30e9\u30b9\u306f\u4e92\u3044\u306b\u8cc7\u91d1\u3092\u596a\u3044\u5408\u3063\u3066\u3044\u308b\u3002\u3057\u304b\u3082\u6975\u3081\u3064\u3051\u306f\u653f\u7b56\u91d1\u5229\u304c5%\u307e\u3067\u4e0a\u304c\u3063\u305f\u3053\u3068\u3067\u3001\u6570\u30f6\u6708\u7269\u306e\u56fd\u50b5\u3084\u3044\u3064\u3067\u3082\u58f2\u308a\u8cb7\u3044\u3067\u304d\u308b\u30de\u30cd\u30fc\u30fb\u30de\u30fc\u30b1\u30c3\u30c8\u30fb\u30d5\u30a1\u30f3\u30c9\u304c5%\u8fd1\u3044\u91d1\u5229\u306b\u306a\u3063\u3066\u3044\u308b\u3053\u3068\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u6b21\u306e\u3088\u3046\u306b\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u77ed\u671f\u91d1\u5229\u306e\u4e0a\u6607\u304c\u30ea\u30b9\u30af\u8cc7\u7523\u306b\u5bfe\u3059\u308b\u6839\u672c\u7684\u306a\u554f\u984c\u3060\u3002S&amp;P 500\u306e\u914d\u5f53\u306e2\u500d\u306e\u91d1\u5229\u3092\u30bc\u30ed\u30ea\u30b9\u30af\u3067\u624b\u306b\u5165\u308c\u3089\u308c\u308b\u3002\u5c11\u3057\u3067\u3082\u30ea\u30b9\u30af\u306e\u3042\u308b\u3082\u306e\u3092\u8cb7\u3063\u3066\u305d\u306e\u534a\u5206\u306e\u5831\u916c\u3092\u624b\u306b\u3059\u308b\u7406\u7531\u306f\u30bc\u30ed\u3060\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>\u73fe\u5728\u3001S&amp;P 500\u306e\u914d\u5f53\u5229\u56de\u308a\u306f1.65%\u306a\u306e\u3067\u30012\u500d\u3069\u3053\u308d\u304b\u307b\u3068\u3093\u30693\u500d\u8fd1\u3044\u91d1\u5229\u3092\u7121\u30ea\u30b9\u30af\u3067\u5f97\u3089\u308c\u308b\u3053\u3068\u306b\u306a\u308b\u3002<\/p>\n\n\n\n<p>\u5b9f\u969b\u306b\u306f\u914d\u5f53\u3092\u6c17\u306b\u3057\u3066\u682a\u5f0f\u3092\u53d6\u5f15\u3059\u308b\u3053\u3068\u306b\u307b\u3068\u3093\u3069\u610f\u5473\u306f\u306a\u3044\u306e\u3060\u304c\u3001\u914d\u5f53\u3092\u76ee\u5f53\u3066\u306b\u7c73\u56fd\u682a\u3092\u8cb7\u3063\u3066\u3044\u308b\u4eba\u306b\u306f\u30de\u30cd\u30fc\u30fb\u30de\u30fc\u30b1\u30c3\u30c8\u30fb\u30d5\u30a1\u30f3\u30c9\uff08ETF\u3082\u3042\u308b\uff09\u3092\u5968\u3081\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u3060\u308d\u3046\u3002\u7c73\u56fd\u682a\u3092\u8cb7\u3046\u7406\u7531\u304c\u4f55\u304b\u3042\u308b\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<p><strong>S&amp;P 500\u306e\u52d5\u5411\u4e88\u60f3<\/strong><\/p>\n\n\n\n<p>\u3055\u3066\u3001\u3067\u306f\u7c73\u56fd\u682a\u306f\u4eca\u5f8c\u3069\u306e\u3088\u3046\u306b\u52d5\u304f\u3060\u308d\u3046\u304b\u3002\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u3053\u3046\u8ff0\u3079\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u524d\u56de\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u306fS&amp;P 500\u304c4,200\u30c9\u30eb\u304b4,300\u30c9\u30eb\u307e\u3067\u4e0a\u304c\u308b\u304b\u3082\u3057\u308c\u306a\u3044\u3068\u8a71\u3057\u305f\u304c\u3001\u682a\u4fa1\u306f\u305d\u308c\u3092\u8d85\u3048\u3089\u308c\u306a\u3044\u3088\u3046\u3060\u30024,200\u30c9\u30eb\u3092\u8d8a\u3048\u3088\u3046\u3068\u3059\u308b\u3068\u58f2\u308a\u304c\u51fa\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p>S&amp;P 500\u306e\u30c1\u30e3\u30fc\u30c8\u3092\u3082\u3046\u4e00\u5ea6\u63b2\u8f09\u3057\u3088\u3046\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/05\/2023-5-8-s-and-p-500-chart.png\"><img loading=\"lazy\" decoding=\"async\" width=\"618\" height=\"389\" src=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/05\/2023-5-8-s-and-p-500-chart.png\" alt=\"\" class=\"wp-image-36596\" srcset=\"https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/05\/2023-5-8-s-and-p-500-chart.png 618w, https:\/\/www.globalmacroresearch.org\/jp\/wp-content\/uploads\/2023\/05\/2023-5-8-s-and-p-500-chart-300x189.png 300w\" sizes=\"auto, (max-width: 618px) 100vw, 618px\" \/><\/a><\/figure>\n\n\n\n<p>\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306f\u3053\u3046\u7d9a\u3051\u308b\u3002<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u682a\u4fa1\u306f\u304b\u306a\u308a\u9577\u3044\u9593\u3053\u306e\u30ec\u30f3\u30b8\u5185\u3067\u53d6\u5f15\u3055\u308c\u3066\u3044\u308b\u3002\u3053\u308c\u307e\u3067\u8a71\u3057\u305f\u7406\u7531\u3067\u682a\u4fa1\u306f\u3053\u306e\u30ec\u30f3\u30b8\u3092\u4e0b\u306b\u629c\u3051\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u601d\u3063\u3066\u3044\u308b\u3002<\/p>\n<\/blockquote>\n\n\n\n<p><strong>\u7d50\u8ad6<\/strong><\/p>\n\n\n\n<p>\u4f55\u5ea6\u3082\u8a00\u3063\u3066\u3044\u308b\u304c\u3001\u682a\u5f0f\u306f\u30a4\u30f3\u30d5\u30ec\u30d8\u30c3\u30b8\u306b\u306f\u306a\u3089\u306a\u3044\u3002\u682a\u5f0f\u306f\u3080\u3057\u308d\u30a4\u30f3\u30d5\u30ec\u3067\u66b4\u843d\u3059\u308b\u30021970\u5e74\u4ee3\u306e\u7269\u4fa1\u9ad8\u9a30\u6642\u4ee3\u306b\u7c73\u56fd\u682a\u304c\u5b9f\u969b\u306b\u305d\u3046\u306a\u3063\u3066\u3044\u308b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/28426\" data-type=\"post\" data-id=\"28426\">\u30c9\u30e9\u30c3\u30b1\u30f3\u30df\u30e9\u30fc\u6c0f: \u682a\u5f0f\u5e02\u5834\u306f40\u5e74\u524d\u306e\u7269\u4fa1\u9ad8\u9a30\u6642\u4ee3\u3088\u308a\u9177\u3044\u60e8\u72b6\u306b<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u30a4\u30f3\u30d5\u30ec\u3067\u91d1\u5229\u304c\u9ad8\u304f\u306a\u308b\u306e\u3067\u3042\u308c\u3070\u30de\u30cd\u30fc\u30fb\u30de\u30fc\u30b1\u30c3\u30c8\u30fb\u30d5\u30a1\u30f3\u30c9\u306a\u3069\u304d\u3061\u3093\u3068\u91d1\u5229\u304c\u4ed8\u304f\u5f62\u3067\u9810\u91d1\u3059\u308c\u3070\u826f\u3044\u306e\u3067\u3042\u308a\u3001\u30ea\u30b9\u30af\u8cc7\u7523\u3067\u3042\u308b\u682a\u5f0f\u3092\u8cb7\u3046\u7406\u7531\u306f\u307e\u3063\u305f\u304f\u306a\u3044\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/28935\" data-type=\"post\" data-id=\"28935\">\u30a4\u30f3\u30d5\u30ec\u76f8\u5834\u3067\u306e\u6700\u826f\u306e\u6295\u8cc7\u65b9\u6cd5\u306f\u682a\u306e\u7a7a\u58f2\u308a\u3092\u9664\u3051\u3070\u682a\u5f0f\u6295\u8cc7\u3067\u306f\u306a\u304f\u9810\u91d1<\/a><\/li>\n<\/ul>\n\n\n\n<p>\u9006\u306b\u8a00\u3048\u3070\u653f\u7b56\u91d1\u5229\u304c\u304d\u3063\u3061\u308a\u30a4\u30f3\u30d5\u30ec\u7387\u306b\u6cbf\u3063\u3066\u4e0a\u304c\u308b\u306e\u306a\u3089\u3070\u3001\u9810\u91d1\u306f\u76ee\u6e1b\u308a\u3057\u306a\u3044\u306e\u3067\u30a4\u30f3\u30d5\u30ec\u306f\u9810\u91d1\u8005\u306b\u3068\u3063\u3066\u554f\u984c\u306b\u306a\u3089\u306a\u3044\u3002\u65e5\u672c\u3067\u30a4\u30f3\u30d5\u30ec\u304c\u554f\u984c\u306b\u306a\u3063\u3066\u3044\u308b\u306e\u306f\u65e5\u9280\u304c\u5229\u4e0a\u3052\u3092\u3057\u306a\u3044\u304b\u3089\u3067\u3042\u308b\u3002<\/p>\n\n\n\n<p>\u4f55\u6545\u65e5\u9280\u306f\u5229\u4e0a\u3052\u3092\u3057\u306a\u3044\u306e\u304b\uff1f\u3000\u305d\u306e\u7406\u7531\u306f\u4ee5\u4e0b\u306e\u8a18\u4e8b\u306b\u66f8\u3044\u3066\u3044\u308b\u3002\u653f\u5e9c\u3068\u3044\u3046\u4ed5\u7d44\u307f\u304c\u5358\u306a\u308b\u8a50\u6b3a\u3067\u3042\u308b\u3053\u3068\u306b\u4eba\u3005\u304c\u6c17\u4ed8\u304f\u65e5\u306f\u679c\u305f\u3057\u3066\u6765\u308b\u306e\u3060\u308d\u3046\u304b\u3002<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><a href=\"https:\/\/www.globalmacroresearch.org\/jp\/archives\/29198\" data-type=\"post\" data-id=\"29198\">\u5229\u4e0a\u3052\u3067\u9810\u91d1\u8005\u306f\u30a4\u30f3\u30d5\u30ec\u304b\u3089\u8cc7\u7523\u9632\u885b\u3067\u304d\u308b\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u65e5\u9280\u304c\u5229\u4e0a\u3052\u3092\u884c\u308f\u306a\u3044\u7406\u7531<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u5f15\u304d\u7d9a\u304dDoubleLine Capital\u306e\u30b8\u30a7\u30d5\u30ea\u30fc\u30fb\u30ac\u30f3\u30c9\u30e9\u30c3\u30af\u6c0f\u306eCNBC\u306b\u3088\u308b\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u3042\u308b\u3002\u4eca\u56de\u306f\u682a\u5f0f\u5e02\u5834\u306b\u3064\u3044\u3066\u8a9e\u3063\u3066\u3044\u308b\u7b87\u6240\u3092\u7d39\u4ecb\u3057\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":[131],"class_list":["post-36590","post","type-post","status-publish","format-standard","hentry","category-us-stock-market","category-stock-markets","tag-jeffrey-gundlach"],"_links":{"self":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/36590","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=36590"}],"version-history":[{"count":35,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/36590\/revisions"}],"predecessor-version":[{"id":36626,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/posts\/36590\/revisions\/36626"}],"wp:attachment":[{"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/media?parent=36590"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/categories?post=36590"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.globalmacroresearch.org\/jp\/wp-json\/wp\/v2\/tags?post=36590"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}