权益衍生品市场结构深度分析：Gamma暴露、做市商对冲与关键库存水平的动力学
现代权益衍生品市场（Equity Derivatives Market）已经演变成一个高度复杂的反馈回路系统，其中期权做市商（Market Makers, MMs）的库存定位和由此产生的对冲行为，对标的资产（Underlying Asset）的日内价格走势施加了决定性的影响。
financial crisis
综合市场分析报告：美联储数据真空下的“AI泡沫”与“第四次工业革命”之争
2025年11月13日，星期四，美国市场遭遇了广泛的抛售。在经历了创纪录的43天政府关门后，美国政府的重新运作本应是积极信号，但市场却做出了经典的“买预期，卖事实”反应 1。投资者似乎早已消化了政府重开的预期 1，转而将焦点投向了此次长期停摆所带来的严重负面后果。
DRTSCLCC Credit Card Lending Tightening Indicator: When Banks Don't Want to Lend to You
DRTSCLCC measures the percentage of banks tightening credit card lending standards. Historical data shows it reached 66.7% during the 2008 financial crisis and hit a record 71.7% during the 2020 pandemic. Currently at 10.4%, it indicates moderate tightening worth monitoring but not yet at dangerous
Trade Weighted Dollar Index (DTWEXBGS): The Global Financial Market's "Blood Pressure Monitor"
The Trade Weighted U.S. Dollar Index (DTWEXBGS) is a key indicator measuring dollar strength against a basket of currencies. By analyzing historical data from the 2008 financial crisis, 2020 pandemic, and more, we decode what the current level of 121 means for investors.
Financial Storm Warning System: Deep Dive into St. Louis Fed Financial Stress Index (STLFSI4)
The St. Louis Fed Financial Stress Index (STLFSI4) is like a "blood pressure monitor" for financial markets, helping us detect early signs of financial crises.
Understanding the VIX Fear Index: What Does the Market Sentiment Thermometer Tell Us?
The VIX Fear Index serves as a thermometer for market sentiment. Current level of 16.37 shows relatively calm markets, but looking back at historical data from the 2008 financial crisis (peak 80.86) and 2020 pandemic (peak 82.69), we learn important investment lessons: panic often creates opportuni