市场新闻与洞察
通过专家洞察、新闻和技术分析,助您把握市场先机,为您的交易决策提供参考。

在这一系列的前三篇中,我们梳理了 2026 年经济的“底层管道”:支撑资金流转的银行、输送能量的公用事业,以及锻造硅基芯片的半导体厂商。随着 4 月财报季步入尾声,市场的焦点正转向“终端应用”:Meta、亚马逊与苹果正处于 AI 基础设施建设与日常消费者及企业业务交汇的最前沿。
为什么投资回报率(ROI)现在成为了焦点
市场正在出现一道深刻的分水岭,有时被称为“大分化 (Great Dispersion)”:一方是 AI 的赋能者(提供算力与基础),另一方则是 AI 的变现者。Meta 和 亚马逊正处于一场宏大的资本支出 (Capex) 周期中心,预计 2026 年全行业的支出规模将达到约 6500 亿至 7000 亿美元。
这正是投资回报率 (ROI) 指标成为重中之重的原因:
- Meta: 其由 AI 驱动的广告精准投放是否足够强劲,足以证明其巨额支出计划的合理性?
- 亚马逊 (AWS): 云服务增速是否正在重新加速,以支撑其在自研芯片领域的激进投入?
- 苹果: 能否证明 iPhone 17 换机周期真实存在(即便是在竞争更趋激烈的中国市场),从而稳固其溢价估值?
在 2026 年,问题不再是谁能建成数据中心,而是谁能将这些投资转化为可持续、高利润的回报。随着停火协议达成后能源市场趋于平稳,科技股的估值获得了一些喘息空间。现在,市场急需看到真金白银的证据。

Louise Bedford is an Author, Trading Mentor, Co-Founder of ( Trading Game ), and Founder of Talking Trading. With a penchant for psychology and mindset, Louise is one of the longest standing mentors in the trading business – weathering all the fads that have passed through the industry. In this episode we covered: What Talking Trading and Trading Game are Deprogramming yourself and Imposter Syndrome Dealing with people’s presumptions How she began teaching Positive mindset and dealing with negativity

Chris Gore ( LinkedIn ) is GO Markets’ CEO, Company Secretary and Responsible Manager for their AFSL licence. He’s a long-serving staff member at GO Markets and an industry veteran in the Forex operations and commentary business, with at least 10 years’ experience. Chris is most known for showing a level-headed approach to a market that often opts for scuttlebutt and hearsay.
This is a fascinating episode recorded earlier in the year, where we covered: Distribution & intervention bill Applying new laws, Consumer risk, leverage GO Markets update and future Recent AU election, market movement Current state of economy Global state of affairs

Vee Leung Phan ( @TrackRecordAsia ) is the Founder of TrackRecord Asia and former Head of Trading across multiple divisions for Deutsche Bank and Morgan Stanley. TrackRecord Asia is a financial training academy for trading teams in banks and professional traders – designed to teach you the frameworks learnt in his days across first-class institutions. In this follow-up episode from Season 1, we covered: TrackRecord Asia Philosophy & Risk management His approach to trading Global state of affairs Hong Kong protests & China

Martin North is the Principal of Digital Finance Analytics, a boutique research, analysis and consulting firm. This former consultant of Booz Allen & Fujitsu Australia pedigree is well known for his level-headed approach to financial markets & the economy. His Walk The World channel on YouTube is a must for astute economy watchers in Australia.
While his commentary is highly regarded across mainstream media such as the AFR, Sydney Morning Herald, the ABC, 9News and many more. In this episode we covered: Growing up in UK & early memories His career path and insight, corporate consulting The state of Australia’s economy, housing sector Productive vs. non-value adding investments His first 90 days as Prime Minister; and His take on crypto.

Holding over 11 years of experience as both a trader and educator, Craig has always been the type to distil noise into digestible information. He is one of the most original & astute Australian commentators from the early days of the industry and with that comes a wealth of market experience. Well known for his institutional background, Craig has helped many in the crypto space navigate this fascinating new world with a framework that can be applied to all asset classes.
In this episode we covered: Chronic fatigue syndrome How he got into trading Successes and failures The state of crypto; and Cobb’s trading principles

Daryl Guppy is the founder of GuppyTraders.com, Commentator for CNBC Asia, Author of multiple books on trading including Share Trading, Bear Trading and Trading Asian Shares. He is one of the most original and astute Australian commentators from the early days of the industry and with that comes a wealth of market experience. In this episode we covered: China and his experience How he got into financial markets Technical charting, Fundamental analysis How Guppytraders.com started; and Perception of China and the Trade Wars.
