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伊朗战争中市场流动性崩溃:
标普500指数期货流动性下跌至仅520万美元,接近2025年4月"解放日"以来的最低水平。
账面顶部深度自年初以来下降-80%,现在比历史平均水平~$13 百万低-61%。
根据高盛数据,低于$7 百万的水平通常预示市场压力。
这意味着现在只需数百万美元的交易单就能推动标普500指数上下波动一个基点。
换句话说,每当机构尝试大额买卖时,对市场价格的影响现在远大于正常市场条件下的影响。