{"id":41117,"date":"2018-08-31T12:54:57","date_gmt":"2018-08-31T03:54:57","guid":{"rendered":"https:\/\/www.invast.jp\/blogs\/?p=41117"},"modified":"2023-02-24T17:03:28","modified_gmt":"2023-02-24T08:03:28","slug":"9%e6%9c%88%e3%81%ae%e3%83%9e%e3%83%bc%e3%82%b1%e3%83%83%e3%83%88%e5%b1%95%e6%9c%9b","status":"publish","type":"post","link":"https:\/\/www.invast.jp\/blogs\/etf\/201809usamarket","title":{"rendered":"9\u6708\u306e\u30de\u30fc\u30b1\u30c3\u30c8\u5c55\u671b"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_81 ez-toc-wrap-center counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">\u76ee\u6b21<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #000000;color:#000000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #000000;color:#000000\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.invast.jp\/blogs\/etf\/201809usamarket\/#%E2%96%A0%E7%9F%AD%E6%9C%9F%E3%81%AE%E7%9B%B8%E5%A0%B4%E8%A6%8B%E9%80%9A%E3%81%97\" >\u25a0\u77ed\u671f\u306e\u76f8\u5834\u898b\u901a\u3057<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.invast.jp\/blogs\/etf\/201809usamarket\/#%E2%96%A0%E7%B5%8C%E6%B8%88%E3%81%AE%E7%8F%BE%E6%B3%81\" >\u25a0\u7d4c\u6e08\u306e\u73fe\u6cc1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.invast.jp\/blogs\/etf\/201809usamarket\/#%E2%96%A0%E4%BC%81%E6%A5%AD%E6%A5%AD%E7%B8%BE%E3%81%AE%E7%8F%BE%E6%B3%81\" >\u25a0\u4f01\u696d\u696d\u7e3e\u306e\u73fe\u6cc1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.invast.jp\/blogs\/etf\/201809usamarket\/#%E2%96%A0%E6%B3%A8%E7%9B%AE%E3%82%A4%E3%83%99%E3%83%B3%E3%83%88\" >\u25a0\u6ce8\u76ee\u30a4\u30d9\u30f3\u30c8<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.invast.jp\/blogs\/etf\/201809usamarket\/#%E2%96%A0%E6%B3%A8%E7%9B%AEETF\" >\u25a0\u6ce8\u76eeETF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.invast.jp\/blogs\/etf\/201809usamarket\/#%E2%96%A0%E3%81%BE%E3%81%A8%E3%82%81\" >\u25a0\u307e\u3068\u3081<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"%E2%96%A0%E7%9F%AD%E6%9C%9F%E3%81%AE%E7%9B%B8%E5%A0%B4%E8%A6%8B%E9%80%9A%E3%81%97\"><\/span>\u25a0\u77ed\u671f\u306e\u76f8\u5834\u898b\u901a\u3057<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span>S&amp;P500<\/span>\u6307\u6570\u306e\u5411\u3053\u3046\u4e00\u30f6\u6708\u306e\u30bf\u30fc\u30b2\u30c3\u30c8\u306f\u3053\u308c\u307e\u3067\u306e<span>2870<\/span>\u304b\u3089<span>2950<\/span>\u3078\u5f15\u304d\u4e0a\u3052\u307e\u3059\u3002\u73fe\u5728\u3001\u540c\u6307\u6570\u306f\u65b0\u9ad8\u5024\u570f\u306b\u3042\u308a\u5024\u52d5\u304d\u304c\u8efd\u304f\u306a\u308a\u3084\u3059\u3044\u5c40\u9762\u3067\u3059\u3002\u5f93\u3063\u3066\u30de\u30fc\u30b1\u30c3\u30c8\u304c\u4e0a\u306b\u30aa\u30fc\u30d0\u30fc\u30b7\u30e5\u30fc\u30c8\u3059\u308b\u3068\u3044\u3046\u30b7\u30ca\u30ea\u30aa\u3082\u3042\u308a\u3046\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/aba1dd9afd994bc383f5259806be7bb4.jpg\" alt=\"\" width=\"888\" height=\"582\" class=\"alignnone size-full wp-image-41123\" srcset=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/aba1dd9afd994bc383f5259806be7bb4.jpg 888w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/aba1dd9afd994bc383f5259806be7bb4-90x60.jpg 90w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/aba1dd9afd994bc383f5259806be7bb4-768x503.jpg 768w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/aba1dd9afd994bc383f5259806be7bb4-304x199.jpg 304w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/aba1dd9afd994bc383f5259806be7bb4-282x185.jpg 282w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/aba1dd9afd994bc383f5259806be7bb4-548x358.jpg 548w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/aba1dd9afd994bc383f5259806be7bb4-400x262.jpg 400w\" sizes=\"auto, (max-width: 888px) 100vw, 888px\" \/><\/p>\n<p><span>9<\/span>\u6708<span>3<\/span>\u65e5\u306f\u30ec\u30fc\u30d0\u30fc\u30fb\u30c7\u30a4\u306e\u4f11\u65e5\u3067\u3059\u3002\u30a2\u30e1\u30ea\u30ab\u306f\u5b66\u6821\u306e\u65b0\u5b66\u671f\u304c<span>9<\/span>\u6708\u304b\u3089\u59cb\u307e\u308b\u95a2\u4fc2\u3067\u30ec\u30fc\u30d0\u30fc\u30fb\u30c7\u30a4\u660e\u3051\u306e\u706b\u66dc\u65e5\u306f\u3061\u3087\u3046\u3069\u65e5\u672c\u3067\u8a00\u3048\u3070\u685c\u306e\u54b2\u304f<span>4<\/span>\u6708\u306b\u76f8\u5f53\u3057\u3001\u5b66\u751f\u3084\u30d3\u30b8\u30cd\u30b9\u30de\u30f3\u304c\u5fc3\u6a5f\u4e00\u8ee2\u3001\u65b0\u5e74\u5ea6\u3067\u5f35\u308a\u5207\u308b\u6642\u671f\u3067\u3059\u3002<\/p>\n<p>\u305d\u308c\u3092\u682a\u5f0f\u5e02\u5834\u306e\u6587\u8108\u3067\u89e3\u8aac\u3059\u308c\u3070\u3053\u306e\u6642\u671f\u306f\u5f80\u3005\u306b\u3057\u3066\u76f8\u5834\u306e\u7269\u8272\u306e\u6d41\u308c\u304c\u30ac\u30e9\u30ea\u3068\u5909\u308f\u308a\u3084\u3059\u3044\u6642\u671f\u3060\u3068\u8a00\u308f\u308c\u3066\u3044\u307e\u3059\u3002\u4e00\u4f8b\u3068\u3057\u3066\u30a2\u30e1\u30ea\u30ab\u304c\u672a\u66fe\u6709\u306e\u5927\u6050\u614c\u306b\u5dfb\u304d\u8fbc\u307e\u308c\u308b\u539f\u56e0\u3092\u4f5c\u3063\u305f<span>1929<\/span>\u5e74\u306e\u300c\u6697\u9ed2\u306e\u6728\u66dc\u65e5\u300d\u3078\u3068\u3064\u306a\u304c\u308b\u682a\u5b89\u306f\u30ec\u30fc\u30d0\u30fc\u30fb\u30c7\u30a4\u660e\u3051\u304c\u8d77\u70b9\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\u3082\u3063\u3068\u6700\u8fd1\u3067\u306f\u30ea\u30fc\u30de\u30f3\u30b7\u30e7\u30c3\u30af\u306e\u3042\u3063\u305f<span>2008<\/span>\u5e74\u306f\u30ec\u30fc\u30d0\u30fc\u30fb\u30c7\u30a4\u306e\u5f8c\u304b\u3089\u6025\u8ee2\u76f4\u4e0b\u306e\u91d1\u878d\u30d1\u30cb\u30c3\u30af\u304c\u59cb\u307e\u308a\u307e\u3057\u305f\u3002<br \/>\n\u3057\u305f\u304c\u3063\u3066\u7686\u3055\u3093\u3082\u30ec\u30fc\u30d0\u30fc\u30fb\u30c7\u30a4\u306e\u5f8c\u306f\u30de\u30fc\u30b1\u30c3\u30c8\u306e\u300c\u5834\u5473\uff08\u3070\u3042\u3058\uff09\u300d\u306b\u5909\u5316\u304c\u51fa\u306a\u3044\u304b\u3069\u3046\u304b\u7d30\u5fc3\u306e\u6ce8\u610f\u3092\u6255\u3063\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n<p><span>\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E2%96%A0%E7%B5%8C%E6%B8%88%E3%81%AE%E7%8F%BE%E6%B3%81\"><\/span>\u25a0\u7d4c\u6e08\u306e\u73fe\u6cc1<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u7c73\u56fd\u7d4c\u6e08\u306f\u5feb\u8abf\u306b\u98db\u3070\u3057\u3066\u3044\u307e\u3059\u3002<span>8<\/span>\u6708<span>29<\/span>\u65e5\u306b\u767a\u8868\u3055\u308c\u305f\u7b2c<span>2<\/span>\u56db\u534a\u671f\u306e<span>GDP<\/span>\uff08\u6539\u5b9a\u5024\uff09\u306f\u901f\u5831\u5024\u3092\u3055\u3089\u306b\u4e0a\u56de\u308b\u524d\u671f\u6bd4\uff0b<span>4.2<\/span>\uff05\u3067\u3057\u305f\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/6ac2397867767a902ce2217f0a58282f.jpg\" alt=\"\" width=\"885\" height=\"582\" class=\"alignnone size-full wp-image-41124\" srcset=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/6ac2397867767a902ce2217f0a58282f.jpg 885w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/6ac2397867767a902ce2217f0a58282f-90x60.jpg 90w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/6ac2397867767a902ce2217f0a58282f-768x505.jpg 768w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/6ac2397867767a902ce2217f0a58282f-304x200.jpg 304w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/6ac2397867767a902ce2217f0a58282f-282x185.jpg 282w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/6ac2397867767a902ce2217f0a58282f-400x262.jpg 400w\" sizes=\"auto, (max-width: 885px) 100vw, 885px\" \/><\/p>\n<p>\u4e00\u65b9\u3001\u7c73\u56fd<span>10<\/span>\u5e74\u50b5\u5229\u56de\u308a\u306f\u5f15\u304d\u7d9a\u304d<span>3<\/span>\uff05\u4ee5\u4e0b\u3067\u63a8\u79fb\u3057\u3066\u3044\u307e\u3059\u3002\u666e\u901a\u3001\u5e02\u4e2d\u91d1\u5229\u3068\u682a\u5f0f\u306f\u300c\u30b7\u30fc\u30bd\u30fc\u300d\u306e\u95a2\u4fc2\u306b\u3042\u308a\u3001\u5e02\u4e2d\u91d1\u5229\u304c\u4e0a\u6607\u3059\u308b\u3068\u682a\u5f0f\u306b\u306f\u4e0b\u843d\u30d7\u30ec\u30c3\u30b7\u30e3\u30fc\u304c\u50cd\u304d\u307e\u3059\u3002<\/p>\n<p>\u305d\u306e\u89b3\u70b9\u304b\u3089\u8a00\u3048\u3070<span>10<\/span>\u5e74\u50b5\u91d1\u5229\u304c<span>3<\/span>\uff05\u4ee5\u4e0b\u3067\u63a8\u79fb\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u306f\u682a\u5f0f\u306b\u3068\u3063\u3066\u305f\u3044\u3078\u3093\u652f\u63f4\u7684\u3068\u8a00\u3048\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/f6f77a1616e27fc34eb1a81aa7dc6262.jpg\" alt=\"\" width=\"887\" height=\"582\" class=\"alignnone size-full wp-image-41125\" srcset=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/f6f77a1616e27fc34eb1a81aa7dc6262.jpg 887w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/f6f77a1616e27fc34eb1a81aa7dc6262-90x60.jpg 90w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/f6f77a1616e27fc34eb1a81aa7dc6262-768x504.jpg 768w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/f6f77a1616e27fc34eb1a81aa7dc6262-304x199.jpg 304w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/f6f77a1616e27fc34eb1a81aa7dc6262-282x185.jpg 282w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/f6f77a1616e27fc34eb1a81aa7dc6262-400x262.jpg 400w\" sizes=\"auto, (max-width: 887px) 100vw, 887px\" \/><\/p>\n<p>\u666f\u6c17\u304c\u3053\u308c\u307b\u3069\u5f37\u3044\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u9577\u671f\u91d1\u5229\u304c\u5b89\u5b9a\u3057\u3066\u3044\u308b\u80cc\u666f\u306b\u306f\u5e02\u5834\u53c2\u52a0\u8005\u306e\u30a4\u30f3\u30d5\u30ec\u306b\u5bfe\u3059\u308b\u30a8\u30af\u30b9\u30da\u30af\u30c6\u30fc\u30b7\u30e7\u30f3\uff08\u671f\u5f85\uff09\u304c\u3001\u5f15\u304d\u7d9a\u304d\u6975\u3081\u3066\u4f4e\u3044\u304b\u3089\u3060\u3068\u3044\u3046\u8aac\u660e\u3092\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p><span>\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E2%96%A0%E4%BC%81%E6%A5%AD%E6%A5%AD%E7%B8%BE%E3%81%AE%E7%8F%BE%E6%B3%81\"><\/span>\u25a0\u4f01\u696d\u696d\u7e3e\u306e\u73fe\u6cc1<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u4f01\u696d\u696d\u7e3e\u306f\u7d76\u597d\u8abf\u3067\u3059\u3002\u4e0b\u306f<span>S&amp;P500<\/span>\u6307\u6570\u306e\u4e00\u682a\u5f53\u305f\u308a\u5229\u76ca\u306e\u30c1\u30e3\u30fc\u30c8\u3067\u3059\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/ed80de20dfec1bd144442f3c2532b6bb-1.jpg\" alt=\"\" width=\"977\" height=\"638\" class=\"alignnone size-medium wp-image-41127\" srcset=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/ed80de20dfec1bd144442f3c2532b6bb-1.jpg 977w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/ed80de20dfec1bd144442f3c2532b6bb-1-90x60.jpg 90w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/ed80de20dfec1bd144442f3c2532b6bb-1-768x502.jpg 768w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/ed80de20dfec1bd144442f3c2532b6bb-1-304x199.jpg 304w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/ed80de20dfec1bd144442f3c2532b6bb-1-282x184.jpg 282w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/ed80de20dfec1bd144442f3c2532b6bb-1-548x358.jpg 548w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/ed80de20dfec1bd144442f3c2532b6bb-1-400x262.jpg 400w\" sizes=\"auto, (max-width: 977px) 100vw, 977px\" \/><\/p>\n<p><span>2018<\/span>\u5e74\u3068<span>2019<\/span>\u5e74\u306e\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\u4e88\u60f3\u306f\u53bb\u5e74\u306e\u30af\u30ea\u30b9\u30de\u30b9\u76f4\u524d\u306b\u7a0e\u5236\u6539\u9769\u6cd5\u6848\u304c\u6210\u7acb\u3057\u3066\u4ee5\u6765\u3001\u3058\u308a\u3058\u308a\u3068\u7740\u5b9f\u306b\u4e0a\u304c\u3063\u3066\u304d\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u3088\u3046\u306b\u5b89\u5b9a\u7684\u306b\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9\u4e88\u60f3\u304c\u4f38\u3073\u308b\u4e8b\u306f\u6975\u3081\u3066\u7a00\u3067\u3059\u3002<\/p>\n<p>\u6b21\u306b<span>S&amp;P500<\/span>\u6307\u6570\u306e\u56db\u534a\u671f<span>EPS<\/span>\u304c\u524d\u5e74\u540c\u671f\u6bd4\u3067\u3069\u308c\u3060\u3051\u4f38\u3073\u305f\u304b<span>?<\/span>\u3000\u3092\u30c1\u30e3\u30fc\u30c8\u306b\u3057\u305f\u306e\u304c\u4e0b\u3067\u3059\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/4d2898cc519c4468d541cbcfe0072ef6.jpg\" alt=\"\" width=\"886\" height=\"581\" class=\"alignnone size-full wp-image-41121\" srcset=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/4d2898cc519c4468d541cbcfe0072ef6.jpg 886w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/4d2898cc519c4468d541cbcfe0072ef6-90x60.jpg 90w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/4d2898cc519c4468d541cbcfe0072ef6-768x504.jpg 768w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/4d2898cc519c4468d541cbcfe0072ef6-304x199.jpg 304w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/4d2898cc519c4468d541cbcfe0072ef6-282x185.jpg 282w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/4d2898cc519c4468d541cbcfe0072ef6-548x358.jpg 548w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/4d2898cc519c4468d541cbcfe0072ef6-400x262.jpg 400w\" sizes=\"auto, (max-width: 886px) 100vw, 886px\" \/><\/p>\n<p>\u3053\u308c\u3092\u898b\u308b\u3068<span>2018<\/span>\u5e74\u306f<span>1Q<\/span>\u304b\u3089<span>4Q<\/span>\u307e\u3067\u5168\u3066\u524d\u5e74\u540c\u671f\u6bd4\u3067\uff0b<span>20<\/span>\uff05\u4ee5\u4e0a\u3092\u9054\u6210\u3067\u304d\u308b\u3068\u3044\u3046\u898b\u901a\u3057\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u7d20\u6674\u3089\u3057\u3044\u5229\u76ca\u6210\u9577\u3067\u3059\u3002<\/p>\n<p><span>\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E2%96%A0%E6%B3%A8%E7%9B%AE%E3%82%A4%E3%83%99%E3%83%B3%E3%83%88\"><\/span>\u25a0\u6ce8\u76ee\u30a4\u30d9\u30f3\u30c8<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u79cb\u306b\u76f8\u5834\u304c\u8352\u308c\u308b\u3068\u3059\u308c\u3070\u3001\u305d\u306e\u3072\u3068\u3064\u306e\u539f\u56e0\u306f\u30c9\u30eb\u9ad8\u304b\u3082\u77e5\u308c\u307e\u305b\u3093\u3002<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/6929b940e4802cf13960acbb172247c2.jpg\" alt=\"\" width=\"889\" height=\"584\" class=\"alignnone size-full wp-image-41122\" srcset=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/6929b940e4802cf13960acbb172247c2.jpg 889w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/6929b940e4802cf13960acbb172247c2-90x60.jpg 90w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/6929b940e4802cf13960acbb172247c2-768x505.jpg 768w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/6929b940e4802cf13960acbb172247c2-304x200.jpg 304w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/6929b940e4802cf13960acbb172247c2-282x185.jpg 282w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2018\/08\/6929b940e4802cf13960acbb172247c2-400x262.jpg 400w\" sizes=\"auto, (max-width: 889px) 100vw, 889px\" \/><\/p>\n<p>\u3044\u307e\u306f\u4e16\u754c\u306e\u4e2d\u3067\u30a2\u30e1\u30ea\u30ab\u306e\u666f\u6c17\u304c\u98db\u3073\u629c\u3051\u3066\u5f37\u304f\u3001\u4e16\u754c\u306e\u6295\u8cc7\u8cc7\u91d1\u304c\u30a2\u30e1\u30ea\u30ab\u306b\u96c6\u307e\u3063\u3066\u304d\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u95a2\u4fc2\u3067\u65b0\u8208\u56fd\u304b\u3089\u306f\u8cc7\u91d1\u304c\u629c\u3051\u3066\u3057\u307e\u3063\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u305f\u3081\u30a2\u30eb\u30bc\u30f3\u30c1\u30f3\u3084\u30c8\u30eb\u30b3\u3067\u306f\u901a\u8ca8\u5b89\u304c\u8d77\u304d\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u666e\u901a\u3001\u7c73\u56fd\u306e\u682a\u5f0f\u5e02\u5834\u306f\u65b0\u8208\u56fd\u901a\u8ca8\u5e02\u5834\u304c\u8352\u308c\u3066\u3082\u300c\u3069\u3053\u5439\u304f\u98a8\u300d\u3067\u7121\u8996\u3057\u307e\u3059\u3002\u3057\u304b\u3057\u65b0\u8208\u56fd\u306e\u72b6\u6cc1\u304c\u672c\u5f53\u306b\u60aa\u304f\u306a\u308b\u3068\u5982\u4f55\u306b\u30a2\u30e1\u30ea\u30ab\u3068\u306f\u3044\u3048\u3001\u305d\u308c\u3092\u7121\u8996\u3067\u304d\u306a\u304f\u306a\u308a\u307e\u3059\u3002<span>1998<\/span>\u5e74\u306e\u30ed\u30b7\u30a2\u30fb\u30eb\u30fc\u30d6\u30eb\u5371\u6a5f\u304c\u307e\u3055\u3057\u304f\u305d\u306e\u3088\u3046\u306a\u72b6\u6cc1\u3067\u3057\u305f\u3002\u3057\u305f\u304c\u3063\u3066<span>9<\/span>\u6708\u306f\u30a2\u30e1\u30ea\u30ab\u4ee5\u5916\u306e\u56fd\u3005\u3001\u3068\u308a\u308f\u3051\u65b0\u8208\u56fd\u306e\u52d5\u5411\u306b\u6ce8\u610f\u3092\u6255\u3044\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p><span>\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E2%96%A0%E6%B3%A8%E7%9B%AEETF\"><\/span>\u25a0\u6ce8\u76eeETF<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><strong>\u30d0\u30f3\u30ac\u30fc\u30c9<span>FTSE<\/span><\/strong><strong>\u30a8\u30de\u30fc\u30b8\u30f3\u30b0\u30fb\u30de\u30fc\u30b1\u30c3\u30c4<span>ETF<\/span><\/strong><strong>\uff08<span>VWO<\/span><\/strong><strong>\uff09<\/strong>\u306f\u4e2d\u56fd\u3001\u53f0\u6e7e\u3001\u30a4\u30f3\u30c9\u3001\u5357\u30a2\u3001\u30d6\u30e9\u30b8\u30eb\u3001\u30e1\u30ad\u30b7\u30b3\u306a\u3069\u306e\u65b0\u8208\u56fd\u306b\u6295\u8cc7\u3059\u308b<span>ETF<\/span>\u3067\u3059\u3002\u3044\u307e\u65b0\u8208\u56fd\u306f\u4e0a\u306b\u8ff0\u3079\u305f\u3088\u3046\u306b\u96e3\u3057\u3044\u5c40\u9762\u306b\u7acb\u305f\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3057\u305f\u304c\u3063\u3066\u3053\u306e<span>ETF<\/span>\u3092\u30b7\u30e7\u30fc\u30c8\u3059\u308b\u3068\u3044\u3046\u6295\u8cc7\u65b9\u6cd5\u3082\u8003\u3048\u3089\u308c\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p>\u307e\u305f\u7c73\u4e2d\u8cbf\u6613\u6226\u4e89\u306b\u3088\u308a\u30a2\u30e1\u30ea\u30ab\u3068\u4e2d\u56fd\u3068\u306e\u9593\u306e\u7dca\u5f35\u304c\u9ad8\u307e\u3063\u3066\u3044\u307e\u3059\u304c\u3001<strong><span>i<\/span><\/strong><strong>\u30b7\u30a7\u30a2\u30fc\u30ba\u4e2d\u56fd\u5927\u578b\u682a<span>ETF<\/span><\/strong><strong>\uff08<span>FXI<\/span><\/strong><strong>\uff09<\/strong>\u306f\u4e2d\u56fd\u682a\u3092\u5bfe\u8c61\u3068\u3057\u305f<span>ETF<\/span>\u3067\u3059\u3002\u3057\u305f\u304c\u3063\u3066\u4e8b\u306e\u6210\u308a\u884c\u304d\u306b\u3088\u3063\u3066\u306f\u3053\u306e<span>ETF<\/span>\u3092\u30b7\u30e7\u30fc\u30c8\u3059\u308b\u3068\u3044\u3046\u30c8\u30ec\u30fc\u30c9\u65b9\u6cd5\u304c\u8003\u3048\u3089\u308c\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n<p><strong><span>i<\/span><\/strong><strong>\u30b7\u30a7\u30a2\u30fc\u30ba\u30fb\u30e9\u30c3\u30bb\u30eb<span>2000ETF<\/span><\/strong><strong>\uff08<span>IWM<\/span><\/strong><strong>\uff09<\/strong>\u306f\u30a2\u30e1\u30ea\u30ab\u306e\u5c0f\u578b\u682a\u306b\u6295\u8cc7\u3059\u308b<span>ETF<\/span>\u3067\u3059\u3002\u3044\u307e\u30a2\u30e1\u30ea\u30ab\u306e\u666f\u6c17\u304c\u826f\u304f\u3001\u4e16\u754c\u306e\u5e02\u5834\u304c\u305d\u308c\u306b\u52a3\u5f8c\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u3053\u3068\u306f\u8f38\u51fa\u6bd4\u7387\u306e\u9ad8\u3044\u30a2\u30e1\u30ea\u30ab\u306e\u5927\u578b\u682a\u3088\u308a\u3080\u3057\u308d\u4e2d\u5c0f\u578b\u682a\u306e\u65b9\u304c\u826f\u3044\u3053\u3068\u3092\u793a\u5506\u3057\u3066\u3044\u307e\u3059\u3002\u3057\u305f\u304c\u3063\u3066\u3053\u306e\u30c8\u30ec\u30f3\u30c9\u304c\u7d9a\u304f\u3068\u4eee\u5b9a\u3059\u308b\u306e\u3067\u3042\u308c\u3070<span>IWM<\/span>\u3092\u30ed\u30f3\u30b0\u3059\u308b\u3068\u3044\u3046\u6226\u6cd5\u304c\u8003\u3048\u3089\u308c\u307e\u3059\u3002<\/p>\n<p><strong>\u4e00\u822c\u6d88\u8cbb\u8ca1\u30bb\u30ec\u30af\u30c8\u30fb\u30bb\u30af\u30bf\u30fc<span>SPDR<\/span><\/strong><strong>\u30d5\u30a1\u30f3\u30c9\uff08<span>XLY<\/span><\/strong><strong>\uff09<\/strong>\u306f\u6d88\u8cbb\u8005\u304c\u8ca1\u5e03\u306e\u3072\u3082\u3092\u7de9\u3081\u305f\u3068\u304d\u6f64\u3046\u6d88\u8cbb\u95a2\u9023\u9298\u67c4\u3092\u7d44\u307f\u8fbc\u3093\u3067\u3044\u307e\u3059\u3002\u3044\u307e\u30a2\u30e1\u30ea\u30ab\u306e\u6d88\u8cbb\u8005\u306e\u30bb\u30f3\u30c1\u30e1\u30f3\u30c8\u306f\u5f37\u3044\u3067\u3059\u3002\u3057\u305f\u304c\u3063\u3066\u3053\u306e\u50be\u5411\u304c\u7d99\u7d9a\u3059\u308b\u3068\u8003\u3048\u308b\u306a\u3089\u3070<span>XLY<\/span>\u3092\u30ed\u30f3\u30b0\u3059\u308b\u3068\u3044\u3046\u624b\u6cd5\u304c\u6709\u52b9\u3067\u3059\u3002<\/p>\n<p>\u3044\u307e\u3068\u308a\u308f\u3051\u4eba\u6c17\u306e\u570f\u5916\u306b\u306a\u3063\u3066\u3044\u308b\u306e\u304c\u30b4\u30fc\u30eb\u30c9\u3067\u3059\u3002<strong><span>SPDR<\/span><\/strong><strong>\u30b4\u30fc\u30eb\u30c9\u30fb\u30b7\u30a7\u30a2\uff08<span>GLD<\/span><\/strong><strong>\uff09<\/strong>\u306f\u91d1\u5730\u91d1\u306e\u4fa1\u683c\u306b\u9023\u52d5\u3059\u308b<span>ETF<\/span>\u3067\u3059\u3002\u91d1\u4fa1\u683c\u304c\u8edf\u8abf\u306a\u6700\u5927\u306e\u7406\u7531\u306f\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u7406\u4e8b\u4f1a\uff08<span>FRB<\/span>\uff09\u304c\u5229\u4e0a\u3052\u30e2\u30fc\u30c9\u306b\u5165\u3063\u3066\u3044\u308b\u304b\u3089\u3067\u3042\u308a\u3001\u6b21\u306e\u5229\u4e0a\u3052\u306f<span>9<\/span>\u6708<span>26<\/span>\u65e5\u306e\u9023\u90a6\u516c\u958b\u5e02\u5834\u59d4\u54e1\u4f1a\uff08<span>FOMC<\/span>\uff09\u3067\u767a\u8868\u3055\u308c\u308b\u4e8b\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u308c\u304c\u6e08\u3093\u3067\u3057\u307e\u3048\u3070\u300c\u60aa\u6750\u6599\u306e\u51fa\u5c3d\u304f\u3057\u300d\u3067\u30b4\u30fc\u30eb\u30c9\u304c\u898b\u76f4\u3055\u308c\u308b\u5834\u9762\u304c\u3042\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u601d\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><span>\u00a0<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"%E2%96%A0%E3%81%BE%E3%81%A8%E3%82%81\"><\/span>\u25a0\u307e\u3068\u3081<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\u7c73\u56fd\u682a\u5f0f\u306f\u65b0\u5024\u570f\u306b\u3042\u308a\u76ee\u5148\u306f\u4e00\u6bb5\u9ad8\u3082\u671f\u5f85\u3067\u304d\u307e\u3059\u3002<span>9<\/span>\u6708\u306f\u76f8\u5834\u306e\u666f\u8272\u304c\u4e00\u5909\u3059\u308b\u30ea\u30b9\u30af\u304c\u3042\u308a\u307e\u3059\u3002\u30c9\u30eb\u9ad8\u3067\u4e16\u754c\u306e\u6295\u8cc7\u5bb6\u306e\u8cc7\u91d1\u306f\u30a2\u30e1\u30ea\u30ab\u306b\u96c6\u307e\u3063\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u53cd\u52d5\u3067\u65b0\u8208\u56fd\u306e\u7d4c\u6e08\u306f\u4e0d\u5b89\u5b9a\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p><span>\u00a0<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u25a0\u77ed\u671f\u306e\u76f8\u5834\u898b\u901a\u3057 S&amp;P500\u6307\u6570\u306e\u5411\u3053\u3046\u4e00\u30f6\u6708\u306e\u30bf\u30fc\u30b2\u30c3\u30c8\u306f\u3053\u308c\u307e\u3067\u306e2870\u304b\u30892950\u3078\u5f15\u304d\u4e0a\u3052\u307e\u3059\u3002\u73fe\u5728\u3001\u540c\u6307\u6570\u306f\u65b0\u9ad8\u5024\u570f\u306b\u3042\u308a\u5024\u52d5\u304d\u304c\u8efd\u304f\u306a\u308a\u3084\u3059\u3044\u5c40\u9762\u3067\u3059\u3002\u5f93\u3063\u3066\u30de\u30fc\u30b1\u30c3\u30c8\u304c\u4e0a\u306b\u30aa\u30fc\u30d0\u30fc\u30b7\u30e5\u30fc\u30c8\u3059\u308b [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":41129,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[321,317],"tags":[],"class_list":["post-41117","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-outlook","category-us-market"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.invast.jp\/blogs\/wp-json\/wp\/v2\/posts\/41117","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.invast.jp\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.invast.jp\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.invast.jp\/blogs\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/www.invast.jp\/blogs\/wp-json\/wp\/v2\/comments?post=41117"}],"version-history":[{"count":1,"href":"https:\/\/www.invast.jp\/blogs\/wp-json\/wp\/v2\/posts\/41117\/revisions"}],"predecessor-version":[{"id":84433,"href":"https:\/\/www.invast.jp\/blogs\/wp-json\/wp\/v2\/posts\/41117\/revisions\/84433"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.invast.jp\/blogs\/wp-json\/wp\/v2\/media\/41129"}],"wp:attachment":[{"href":"https:\/\/www.invast.jp\/blogs\/wp-json\/wp\/v2\/media?parent=41117"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invast.jp\/blogs\/wp-json\/wp\/v2\/categories?post=41117"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invast.jp\/blogs\/wp-json\/wp\/v2\/tags?post=41117"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}