美国股市自2019年以来,在少数大公司的推动下,年增长率出乎意料地增加了20%。 U.S. stock market sees unexpected 20% annual growth since 2019, driven by a few major companies.

2019年以来,尽管美国股市大流行、高通胀和利率上升,但年增长率仍达到近20%。 The U.S. stock market has defied economic challenges, achieving nearly 20% annual growth since 2019 despite the pandemic, high inflation, and rising interest rates. “基本原理”和“流动性”等理论未能解释这种激增的原因,S&P 500增长的大部分归因于七家大公司。 Theories like "fundamentals" and "liquidity" fail to explain this surge, with much of the S&P 500's growth attributed to seven major companies. Nasdaq 100号船在对人工智能和压平的收益率曲线的乐观支持下,正接近新的高点。 The Nasdaq 100, supported by optimism around artificial intelligence and a flattening yield curve, is nearing a new high. 关税和利率仍然不确定,分析家对未来的主要收益持怀疑态度。 Tariffs and interest rates remain uncertainties, with analysts skeptical about major future gains.