{"id":44689,"date":"2018-11-30T11:59:10","date_gmt":"2018-11-30T02:59:10","guid":{"rendered":"https:\/\/www.invast.jp\/blogs\/?p=44689"},"modified":"2023-02-28T10:38:13","modified_gmt":"2023-02-28T01:38:13","slug":"12%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\/201812usamarket","title":{"rendered":"12\u6708\u306e\u30de\u30fc\u30b1\u30c3\u30c8\u5c55\u671b"},"content":{"rendered":"\n<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-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.invast.jp\/blogs\/etf\/201812usamarket\/#%EF%BC%91%EF%BC%8E%E7%9F%AD%E6%9C%9F%E3%81%AE%E7%9B%B8%E5%A0%B4%E8%A6%8B%E9%80%9A%E3%81%97\" >\uff11\uff0e\u77ed\u671f\u306e\u76f8\u5834\u898b\u901a\u3057<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.invast.jp\/blogs\/etf\/201812usamarket\/#%EF%BC%92%EF%BC%8E%E7%B5%8C%E6%B8%88%E3%81%AE%E7%8F%BE%E6%B3%81\" >\uff12\uff0e\u7d4c\u6e08\u306e\u73fe\u6cc1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.invast.jp\/blogs\/etf\/201812usamarket\/#%EF%BC%93%EF%BC%8E%E4%BC%81%E6%A5%AD%E6%A5%AD%E7%B8%BE%E3%81%AE%E7%8F%BE%E6%B3%81\" >\uff13\uff0e\u4f01\u696d\u696d\u7e3e\u306e\u73fe\u6cc1<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.invast.jp\/blogs\/etf\/201812usamarket\/#%EF%BC%94%EF%BC%8E%E6%B3%A8%E7%9B%AE%E3%82%A4%E3%83%99%E3%83%B3%E3%83%88\" >\uff14\uff0e\u6ce8\u76ee\u30a4\u30d9\u30f3\u30c8<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.invast.jp\/blogs\/etf\/201812usamarket\/#%EF%BC%95%EF%BC%8E%E6%B3%A8%E7%9B%AEETF\" >\uff15\uff0e\u6ce8\u76eeETF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.invast.jp\/blogs\/etf\/201812usamarket\/#%EF%BC%96%EF%BC%8E%E3%81%BE%E3%81%A8%E3%82%81\" >\uff16\uff0e\u307e\u3068\u3081<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%EF%BC%91%EF%BC%8E%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><strong>\uff11\uff0e\u77ed\u671f\u306e\u76f8\u5834\u898b\u901a\u3057<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><span>S&amp;P500<\/span>\u6307\u6570\u306e\u5411\u3053\u3046\u4e00\u30ab\u6708\u306e\u30bf\u30fc\u30b2\u30c3\u30c8\u306f<span>2750<\/span>\u3092\u5805\u6301\u3057\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"572\" height=\"376\" src=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/02\/72c9240feb3979e642e53cbfa2aa12d4.png\" alt=\"\" class=\"wp-image-84462\" srcset=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/02\/72c9240feb3979e642e53cbfa2aa12d4.png 572w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/02\/72c9240feb3979e642e53cbfa2aa12d4-300x197.png 300w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/02\/72c9240feb3979e642e53cbfa2aa12d4-90x60.png 90w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/02\/72c9240feb3979e642e53cbfa2aa12d4-304x200.png 304w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/02\/72c9240feb3979e642e53cbfa2aa12d4-282x185.png 282w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/02\/72c9240feb3979e642e53cbfa2aa12d4-400x262.png 400w\" sizes=\"auto, (max-width: 572px) 100vw, 572px\" \/><\/figure>\n\n\n\n<p>\u30cb\u30e5\u30fc\u30e8\u30fc\u30af\u682a\u5f0f\u5e02\u5834\u306f<span>10<\/span>\u6708\u4ee5\u964d\u3001\u8edf\u8abf\u306a\u5c55\u958b\u304c\u7d9a\u3044\u3066\u3044\u307e\u3059\u3002\u7c73\u4e2d\u8cbf\u6613\u6226\u4e89\u3001\u7c73\u56fd\u306e\u91d1\u5229\u4e0a\u6607\u3001\u4f4f\u5b85\u306a\u3069\u91d1\u5229\u306b\u654f\u611f\u306a\u30bb\u30af\u30bf\u30fc\u3067\u7d4c\u6e08\u6d3b\u52d5\u306b\u920d\u5316\u304c\u898b\u3089\u308c\u59cb\u3081\u3066\u3044\u308b\u4e8b\u3001\u30c6\u30af\u30ce\u30ed\u30b8\u30fc\u4f01\u696d\u3001\u3068\u308a\u308f\u3051<span>FAANG<\/span>\uff08\u30d5\u30a7\u30a4\u30b9\u30d6\u30c3\u30af\u3001\u30a2\u30de\u30be\u30f3\u3001\u30a2\u30c3\u30d7\u30eb\u3001\u30cd\u30c3\u30c8\u30d5\u30ea\u30c3\u30af\u30b9\u3001\u30a2\u30eb\u30d5\u30a1\u30d9\u30c3\u30c8\uff09\u306b\u4ee3\u8868\u3055\u308c\u308b\u30cd\u30c3\u30c8\u30fb\u30cf\u30a4\u30c6\u30af\u4f01\u696d\u306e\u60aa\u6c7a\u7b97\u306a\u3069\u304c\u305d\u306e\u7406\u7531\u3067\u3059\u3002<\/p>\n\n\n\n<p><span>\u3000S&amp;P500<\/span>\u6307\u6570\u306f\u30c1\u30e3\u30fc\u30c8\u7684\u306b\u4e8c\u756a\u5e95\u3092\u78ba\u8a8d\u3057\u3064\u3064\u3042\u308a\u307e\u3059\u3002\u3082\u3057\u3053\u3053\u304b\u3089\u4e0a\u6607\u3067\u304d\u308b\u306e\u3067\u3042\u308c\u3070<span>10<\/span>\u6708\u4ee5\u964d\u306e\u8abf\u6574\u5c40\u9762\u3092\u629c\u3051\u51fa\u3059\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<br>\u305d\u306e\u53cd\u9762\u3001\u76f4\u8fd1\u306e\u4e8c\u3064\u306e\u5b89\u5024\u3092\u4e0b\u56de\u308b\u3088\u3046\u3060\u3068\u30c1\u30e3\u30fc\u30c8\u7684\u306b\u306f\u60aa\u3044\u683c\u597d\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u3053\u3053\u306f\u3069\u3061\u3089\u306e\u30b7\u30ca\u30ea\u30aa\u304c\u73fe\u5b9f\u306e\u3082\u306e\u3068\u306a\u308b\u304b\u3057\u3063\u304b\u308a\u898b\u6975\u3081\u305f\u4e0a\u3067\u6b21\u306e\u4f5c\u6226\u3092\u8003\u3048\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%EF%BC%92%EF%BC%8E%E7%B5%8C%E6%B8%88%E3%81%AE%E7%8F%BE%E6%B3%81\"><\/span><strong>\uff12\uff0e\u7d4c\u6e08\u306e\u73fe\u6cc1<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u7c73\u56fd\u7d4c\u6e08\u306f\u5f15\u304d\u7d9a\u304d\u597d\u8abf\u3067\u3059\u3002\u6d88\u8cbb\u306f\u30a2\u30e1\u30ea\u30ab\u7d4c\u6e08\u306e<span>7<\/span>\u5272\u3092\u5360\u3081\u308b\u91cd\u8981\u306a\u5206\u91ce\u3067\u3042\u308a\u3001<span>11<\/span>\u6708<span>22<\/span>\u65e5\u3001\u30a2\u30e1\u30ea\u30ab\u306f\u30b5\u30f3\u30af\u30b9\u30ae\u30d3\u30f3\u30b0\u30fb\u30c7\u30fc\uff08\u611f\u8b1d\u796d\uff09\u3067\u3057\u305f\u3002\u305d\u306e\u7fcc\u65e5\u3001\u3064\u307e\u308a<span>11<\/span>\u6708<span>23<\/span>\u65e5\u306e\u91d1\u66dc\u65e5\u306f\u300c\u30d6\u30e9\u30c3\u30af\u30d5\u30e9\u30a4\u30c7\u30fc\u300d\u3068\u547c\u3070\u308c\u308b\u3001\u30a2\u30e1\u30ea\u30ab\u3067\u4e00\u5e74\u306e\u3046\u3061\u4e00\u756a\u5c0f\u58f2\u58f2\u4e0a\u9ad8\u304c\u591a\u304f\u306a\u308b\u65e5\u3067\u3059\u3002\u3053\u306e\u65e5\u304c\u30af\u30ea\u30b9\u30de\u30b9\u5546\u6226\u671f\u9593\u306e\u30ad\u30c3\u30af\u30aa\u30d5\u306e\u65e5\u306b\u306a\u308a\u307e\u3059\u3002<br><span>\u3000<\/span>\u305d\u306e\u30d6\u30e9\u30c3\u30af\u30d5\u30e9\u30a4\u30c7\u30fc\u3092\u542b\u3080\u9031\u672b\u306e\u5c0f\u58f2\u58f2\u4e0a\u9ad8\u306f\u524d\u5e74\u6bd4\uff0b<span>4.8%<\/span>\u3067\u3057\u305f\u3002\u3053\u308c\u306f\u597d\u8abf\u306a\u6ed1\u308a\u51fa\u3057\u3060\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n\n\n\n<p><span>\u3000<\/span>\u4e00\u65b9\u3001\u91d1\u5229\u306b\u5de6\u53f3\u3055\u308c\u3084\u3059\u3044\u4f4f\u5b85\u8ca9\u58f2\u306a\u3069\u306b\u306f\u7ff3\u308a\u304c\u898b\u3048\u3066\u3044\u307e\u3059\u3002<br><span>\u3000<\/span>\u3053\u306e\u305f\u3081\u30c8\u30e9\u30f3\u30d7\u5927\u7d71\u9818\u306f\u9023\u90a6\u6e96\u5099\u5236\u5ea6\u7406\u4e8b\u4f1a\uff08<span>FRB<\/span>\uff09\u306e\u30b8\u30a7\u30ed\u30fc\u30e0\u30fb\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306b\u5bfe\u3057\u3066\u300c\u91d1\u5229\u3092\u4e0a\u3052\u308b\u306a\u300d\u3068\u5f37\u304f\u30d7\u30ec\u30c3\u30b7\u30e3\u30fc\u3092\u304b\u3051\u3066\u3044\u307e\u3059\u3002<br><span>\u3000<\/span>\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306f<span>11<\/span>\u6708<span>28<\/span>\u65e5\u306b\u300c\u30a8\u30b3\u30ce\u30df\u30c3\u30af\u30fb\u30af\u30e9\u30d6\u30fb\u30aa\u30d6\u30fb\u30cb\u30e5\u30fc\u30e8\u30fc\u30af\u300d\u3067\u8b1b\u6f14\u3057\u300c\u30d5\u30a7\u30c7\u30e9\u30eb\u30d5\u30a1\u30f3\u30ba\u30fb\u30ec\u30fc\u30c8\u306f\u4e2d\u7acb\u7684\u3068\u8003\u3048\u3089\u308c\u308b\u6c34\u6e96\u3088\u308a\u3061\u3087\u3063\u3068\u4e0b\uff08<span>just below<\/span>\uff09\u306b\u6765\u3066\u3044\u308b\u300d\u3068\u30b3\u30e1\u30f3\u30c8\u3057\u307e\u3057\u305f\u3002<br><span>\u3000<\/span>\u3053\u308c\u307e\u3067<span>FRB<\/span>\u306f\u30d5\u30a7\u30c7\u30e9\u30eb\u30d5\u30a1\u30f3\u30ba\u30fb\u30ec\u30fc\u30c8\u306f\u4e2d\u7acb\u7684\u3068\u8003\u3048\u3089\u308c\u308b\u6c34\u6e96\u3088\u308a\u307e\u3060\u307e\u3060\u305a\u3063\u3068\u4e0b\uff08<span>long way<\/span>\uff09\u3060\u3068\u3044\u3046\u7acb\u5834\u3092\u8868\u660e\u3057\u3066\u3044\u305f\u306e\u3067\u3001\u3053\u308c\u306f\u30cf\u30c8\u6d3e\u7684\u306a\u610f\u898b\u5909\u66f4\u3067\u3059\u3002<br><span>\u3000<\/span>\u30d1\u30a6\u30a8\u30eb\u8b70\u9577\u306e\u3053\u306e\u767a\u8a00\u3092\u5e02\u5834\u306f\u597d\u611f\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%EF%BC%93%EF%BC%8E%E4%BC%81%E6%A5%AD%E6%A5%AD%E7%B8%BE%E3%81%AE%E7%8F%BE%E6%B3%81\"><\/span><strong>\uff13\uff0e\u4f01\u696d\u696d\u7e3e\u306e\u73fe\u6cc1<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u7c73\u56fd\u306e\u4f01\u696d\u696d\u7e3e\u306f\u5f15\u304d\u7d9a\u304d\u826f\u3044\u3067\u3059\u3002<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"570\" height=\"374\" src=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/02\/ba55971b921aee68ece8a841fc930fb0-1.png\" alt=\"\" class=\"wp-image-84466\" srcset=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/02\/ba55971b921aee68ece8a841fc930fb0-1.png 570w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/02\/ba55971b921aee68ece8a841fc930fb0-1-300x197.png 300w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/02\/ba55971b921aee68ece8a841fc930fb0-1-90x60.png 90w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/02\/ba55971b921aee68ece8a841fc930fb0-1-304x199.png 304w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/02\/ba55971b921aee68ece8a841fc930fb0-1-282x185.png 282w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/02\/ba55971b921aee68ece8a841fc930fb0-1-400x262.png 400w\" sizes=\"auto, (max-width: 570px) 100vw, 570px\" \/><\/figure><\/div>\n\n\n\n<p>\u305f\u3060<span>2019<\/span>\u5e74\u306e\u30b3\u30f3\u30bb\u30f3\u30b5\u30b9<span>EPS<\/span>\u4e88\u60f3\u306f\u3001\u53bb\u5e74<span>12<\/span>\u6708\u306b\u7a0e\u5236\u6539\u9769\u6cd5\u6848\u304c\u6210\u7acb\u3057\u3066\u4ee5\u964d\u3001\u305a\u3063\u3068\u4f38\u3073\u308b\u4e00\u65b9\u3060\u3063\u305f\u306e\u304c\u3001<span>10<\/span>\u6708\u306b\u5165\u3063\u3066\u304b\u3089\u9006\u306b\u4e0b\u304c\u308a\u59cb\u3081\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f<span>EPS<\/span>\u306e\u5909\u5316\u7387\u304c\u30d4\u30fc\u30af\u3092\u4ed8\u3051\u3088\u3046\u3068\u3057\u3066\u3044\u308b\u5146\u3057\u3067\u3042\u308a\u3001\u898b\u9003\u305b\u307e\u305b\u3093\u3002<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"571\" height=\"376\" src=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/02\/400e06b0689ff046a507d5be26fdf55b-1.png\" alt=\"\" class=\"wp-image-84467\" srcset=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/02\/400e06b0689ff046a507d5be26fdf55b-1.png 571w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/02\/400e06b0689ff046a507d5be26fdf55b-1-300x198.png 300w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/02\/400e06b0689ff046a507d5be26fdf55b-1-90x60.png 90w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/02\/400e06b0689ff046a507d5be26fdf55b-1-304x200.png 304w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/02\/400e06b0689ff046a507d5be26fdf55b-1-282x186.png 282w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/02\/400e06b0689ff046a507d5be26fdf55b-1-400x262.png 400w\" sizes=\"auto, (max-width: 571px) 100vw, 571px\" \/><\/figure><\/div>\n\n\n\n<p>\u5b9f\u969b\u3001\u56db\u534a\u671f<span>EPS<\/span>\u6210\u9577\u7387\u306f\u3061\u3087\u3046\u3069\u3044\u307e\u6c7a\u7b97\u767a\u8868\u30b7\u30fc\u30ba\u30f3\u304c\u7d42\u308f\u308d\u3046\u3068\u3057\u3066\u3044\u308b<span>2018<\/span>\u5e74\u7b2c<span>3<\/span>\u56db\u534a\u671f\u304c\u30d4\u30fc\u30af\u306b\u306a\u308b\u3068\u898b\u3089\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"569\" height=\"374\" src=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/02\/97d0ac6ed67924fb99f6cfa8759e97e5.png\" alt=\"\" class=\"wp-image-84468\" srcset=\"https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/02\/97d0ac6ed67924fb99f6cfa8759e97e5.png 569w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/02\/97d0ac6ed67924fb99f6cfa8759e97e5-300x197.png 300w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/02\/97d0ac6ed67924fb99f6cfa8759e97e5-90x60.png 90w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/02\/97d0ac6ed67924fb99f6cfa8759e97e5-304x200.png 304w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/02\/97d0ac6ed67924fb99f6cfa8759e97e5-282x185.png 282w, https:\/\/www.invast.jp\/blogs\/wp-content\/uploads\/2023\/02\/97d0ac6ed67924fb99f6cfa8759e97e5-400x262.png 400w\" sizes=\"auto, (max-width: 569px) 100vw, 569px\" \/><\/figure>\n\n\n\n<p>\u666e\u901a\u3001\u3053\u306e\u3088\u3046\u306b<span>EPS<\/span>\u6210\u9577\u7387\u304c\u30d4\u30fc\u30af\u3092\u6253\u3064\u3068\u3001\u3059\u304f\u306a\u304f\u3068\u3082\u534a\u5e74\u9593\u306f\u682a\u5f0f\u5e02\u5834\u304c\u30e2\u30bf\u30e2\u30bf\u3057\u305f\u52d5\u304d\u3092\u3059\u308b\u3068\u8a00\u308f\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%EF%BC%94%EF%BC%8E%E6%B3%A8%E7%9B%AE%E3%82%A4%E3%83%99%E3%83%B3%E3%83%88\"><\/span><strong>\uff14\uff0e\u6ce8\u76ee\u30a4\u30d9\u30f3\u30c8<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p><span>\u300012<\/span>\u6708<span>19<\/span>\u65e5\u306f\u4eca\u5e74\u6700\u5f8c\u306e\u9023\u90a6\u516c\u958b\u5e02\u5834\u59d4\u54e1\u4f1a\uff08<span>FOMC<\/span>\uff09\u3067\u3059\u3002\u5927\u65b9\u306e\u4e88\u60f3\u3067\u306f<span>0.25%<\/span>\u306e\u5229\u4e0a\u3052\u304c\u767a\u8868\u3055\u308c\u3001\u30d5\u30a7\u30c7\u30e9\u30eb\u30d5\u30a1\u30f3\u30ba\u30fb\u30ec\u30fc\u30c8\u306f<span>2.5%<\/span>\u306b\u306a\u308b\u3068\u898b\u3089\u308c\u3066\u3044\u307e\u3059\u3002\u306a\u304a\u4eca\u56de\u306e<span>FOMC<\/span>\u3067\u306f<span>FOMC<\/span>\u30e1\u30f3\u30d0\u30fc\u306b\u3088\u308b\u300c\u7d4c\u6e08\u4e88\u60f3\u30b5\u30de\u30ea\u30fc\uff08<span>SEP<\/span>\uff09\u300d\u3082\u767a\u8868\u3055\u308c\u307e\u3059\u3002<br><span>\u3000<\/span>\u5b9f\u306f\u524d\u56de\uff08<span>9<\/span>\u6708\uff09\u306e\u300c\u7d4c\u6e08\u4e88\u60f3\u30b5\u30de\u30ea\u30fc\u300d\u306b\u3088\u308b\u3068<span>FOMC<\/span>\u30e1\u30f3\u30d0\u30fc\u306f<span>2019<\/span>\u5e74\u306b<span>2.4<\/span>\u56de\u306e\u5229\u4e0a\u3052\u304c\u3042\u308b\u3068\u4e88\u60f3\u3057\u3066\u3044\u307e\u3057\u305f\u3002\u3057\u304b\u3057\u305d\u306e\u5f8c\u3001<span>10<\/span>\u6708\u306e\u682a\u5f0f\u5e02\u5834\u306e\u6025\u843d\u3092\u7d4c\u3066\u3001\u5e02\u5834\u53c2\u52a0\u8005\u306f\u300c<span>2019<\/span>\u5e74\u306f<span>1<\/span>\u56de\u3057\u304b\u5229\u4e0a\u3052\u306f\u7121\u3044\u300d\u3068\u8003\u3048\u59cb\u3081\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<p><span>\u3000<\/span>\u3064\u307e\u308a<span>FOMC<\/span>\u30e1\u30f3\u30d0\u30fc\u9054\u304c\u8003\u3048\u3066\u3044\u308b\u4e8b\u3068\u5e02\u5834\u53c2\u52a0\u8005\u9054\u304c\u8003\u3048\u3066\u3044\u308b\u4e8b\u306b\u5927\u304d\u306a\u9694\u305f\u308a\u304c\u51fa\u6765\u3066\u3057\u307e\u3063\u3066\u3044\u308b\u306e\u3067\u3059\u3002<br><span>\u3000<\/span><span>12<\/span>\u6708<span>19<\/span>\u65e5\u306b\u767a\u8868\u3055\u308c\u308b\u300c\u7d4c\u6e08\u4e88\u60f3\u30b5\u30de\u30ea\u30fc\u300d\u3067\u3001<span>FOMC<\/span>\u30e1\u30f3\u30d0\u30fc\u306b\u3088\u308b\u30d5\u30a7\u30c7\u30e9\u30eb\u30d5\u30a1\u30f3\u30ba\u30fb\u30ec\u30fc\u30c8\u4e88\u60f3\u304c\u3069\u306e\u304f\u3089\u3044\u4e0b\u304c\u3063\u3066\u6765\u308b\u304b\uff1f\u3000\u304c\u3072\u3068\u3064\u306e\u6ce8\u76ee\u30dd\u30a4\u30f3\u30c8\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%EF%BC%95%EF%BC%8E%E6%B3%A8%E7%9B%AEETF\"><\/span><strong>\uff15\uff0e\u6ce8\u76eeETF<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u3082\u3057<span>12<\/span>\u6708<span>19<\/span>\u65e5\u306e<span>FOMC<\/span>\u3067<span>FRB<\/span>\u304c\u3044\u307e\u307e\u3067\u3088\u308a\u30cf\u30c8\u6d3e\u7684\u306a\u30b9\u30bf\u30f3\u30b9\u3092\u6253\u3061\u51fa\u305b\u3070\u30c9\u30eb\u306f\u5f31\u304f\u306a\u308b\u3053\u3068\u304c\u8003\u3048\u3089\u308c\u307e\u3059\u3002\u305d\u306e\u5834\u5408\u3001\u65b0\u8208\u56fd\u5e02\u5834\u304c\u898b\u76f4\u3055\u308c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<span class=\"f-marker-w\"><strong>\u30d0\u30f3\u30ac\u30fc\u30c9<\/strong><strong>FTSE<\/strong><strong>\u30a8\u30de\u30fc\u30b8\u30f3\u30b0\u30fb\u30de\u30fc\u30b1\u30c3\u30c4ETF(VWO)<\/strong><\/span>\u3084<span class=\"f-marker-w\"><strong>i<\/strong><strong>\u30b7\u30a7\u30a2\u30fc\u30ba\u4e2d\u56fd\u5927\u578b\u682aETF<\/strong><strong>\uff08FXI<\/strong><strong>\uff09<\/strong><\/span>\u306a\u3069\u304c\u95a2\u9023\u9298\u67c4\u306b\u306a\u308b\u3068\u601d\u308f\u308c\u307e\u3059\u3002<\/p>\n\n\n\n<p>\u666f\u6c17\u5f8c\u9000\u304c\u8272\u6fc3\u304f\u306a\u3063\u305f\u5834\u5408\u306f\u3001\u30c7\u30a3\u30d5\u30a7\u30f3\u30b7\u30d6\u9298\u67c4\u304c\u6ce8\u76ee\u3055\u308c\u307e\u3059\u3002\u30c7\u30a3\u30d5\u30a7\u30f3\u30b7\u30d6\u3068\u306f\u300c\u4e0d\u6cc1\u306b\u5f37\u3044\u300d\u3068\u3044\u3046\u610f\u5473\u3067\u3059\u3002\u65e5\u7528\u54c1\u3001\u98f2\u6599\u3001\u98df\u54c1\u306a\u3069\u65e5\u5e38\u751f\u6d3b\u306b\u5bc6\u7740\u3057\u305f\u9298\u67c4\u304c\u3053\u308c\u306b\u5c5e\u3057\u307e\u3059\u3002<span class=\"f-marker-w\"><strong>\u751f\u6d3b\u5fc5\u9700\u54c1\u30bb\u30ec\u30af\u30c8\u30fb\u30bb\u30af\u30bf\u30fc<\/strong><strong>ETF<\/strong><strong>\uff08XLP<\/strong><strong>\uff09<\/strong><\/span>\u304c\u95a2\u9023\u9298\u67c4\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p><span>\u3000<\/span>\u666f\u6c17\u304c\u6025\u901f\u306b\u60aa\u304f\u306a\u308b\u30b7\u30ca\u30ea\u30aa\u3067\u306f\u9ad8\u5229\u56de\u308a\u50b5\uff08\u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u50b5\uff09\u304c\u58f2\u3089\u308c\u307e\u3059\u3002\u5f93\u3063\u3066<span class=\"f-marker-w\"><strong>i<\/strong><strong>\u30b7\u30a7\u30a2\u30fc\u30baiBoxx<\/strong><strong>\u7c73\u30c9\u30eb\u5efa\u3066\u30cf\u30a4\u30a4\u30fc\u30eb\u30c9\u793e\u50b5ETF(HYG)<\/strong><\/span>\u3092\u7a7a\u58f2\u308a\u3059\u308b\u3068\u3044\u3046\u624b\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n<p><span>\u3000<\/span>\u3082\u3046\u3072\u3068\u3064\u666f\u6c17\u304c\u60aa\u304f\u306a\u308b\u30b7\u30ca\u30ea\u30aa\u3067\u306e\u9298\u67c4\u306e\u30a2\u30a4\u30c7\u30a2\u3068\u3057\u3066<span class=\"f-marker-w\"><strong>\u516c\u76ca\u4e8b\u696d\u30bb\u30ec\u30af\u30c8\u30fb\u30bb\u30af\u30bf\u30fc<\/strong><strong>SPDR<\/strong><strong>\u30d5\u30a1\u30f3\u30c9\uff08XLU<\/strong><strong>\uff09<\/strong><\/span>\u3092\u6319\u3052\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u96fb\u529b\u4f1a\u793e\u3001\u30ac\u30b9\u4f1a\u793e\u306a\u3069\u516c\u5171\u6027\u306e\u5f37\u3044\u4e8b\u696d\u4f53\u306e\u9298\u67c4\u3092\u4e2d\u5fc3\u306b\u7d44\u307f\u8fbc\u3093\u3060<span>ETF<\/span>\u3067\u4e0d\u6cc1\u306b\u5f37\u3044\u3068\u8a00\u308f\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%EF%BC%96%EF%BC%8E%E3%81%BE%E3%81%A8%E3%82%81\"><\/span><strong>\uff16\uff0e\u307e\u3068\u3081<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u30cb\u30e5\u30fc\u30e8\u30fc\u30af\u5e02\u5834\u306f\u30c1\u30e3\u30fc\u30c8\u7684\u306b\u3082\u7d4c\u6e08\u306e\u30d5\u30a1\u30f3\u30c0\u30e1\u30f3\u30bf\u30eb\u30ba\u7684\u306b\u3082\u300c\u8e0a\u308a\u5834\u300d\u306b\u3055\u3057\u304b\u304b\u3063\u3066\u3044\u307e\u3059\u3002\u3053\u3053\u3067\u8e0f\u307f\u3068\u3069\u307e\u308c\u3070\u3082\u3046\u4e00\u6bb5\u9ad8\u304c\u671f\u5f85\u3067\u304d\u308b\u4e00\u65b9\u3067\u3001\u529b\u306a\u304f\u5d29\u308c\u308b\u3088\u3046\u3067\u3042\u308c\u3070\u682a\u5f0f\u5e02\u5834\u306a\u3089\u3073\u306b\u666f\u6c17\u306e\u6697\u8ee2\u306e\u30ea\u30b9\u30af\u3082\u3042\u308a\u307e\u3059\u3002\u3053\u3053\u306f\u5148\u5165\u89b3\u3092\u6301\u305f\u305a\u3001\u3058\u3063\u304f\u308a\u30de\u30fc\u30b1\u30c3\u30c8\u3084\u7d4c\u6e08\u6307\u6a19\u3092\u89b3\u5bdf\u3057\u3066\u3086\u304d\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\uff11\uff0e\u77ed\u671f\u306e\u76f8\u5834\u898b\u901a\u3057 S&amp;P500\u6307\u6570\u306e\u5411\u3053\u3046\u4e00\u30ab\u6708\u306e\u30bf\u30fc\u30b2\u30c3\u30c8\u306f2750\u3092\u5805\u6301\u3057\u307e\u3059\u3002 \u30cb\u30e5\u30fc\u30e8\u30fc\u30af\u682a\u5f0f\u5e02\u5834\u306f10\u6708\u4ee5\u964d\u3001\u8edf\u8abf\u306a\u5c55\u958b\u304c\u7d9a\u3044\u3066\u3044\u307e\u3059\u3002\u7c73\u4e2d\u8cbf\u6613\u6226\u4e89\u3001\u7c73\u56fd\u306e\u91d1\u5229\u4e0a\u6607\u3001\u4f4f\u5b85\u306a\u3069\u91d1\u5229\u306b\u654f\u611f\u306a\u30bb\u30af\u30bf\u30fc\u3067\u7d4c [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":84469,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[321,317],"tags":[],"class_list":["post-44689","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\/44689","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=44689"}],"version-history":[{"count":2,"href":"https:\/\/www.invast.jp\/blogs\/wp-json\/wp\/v2\/posts\/44689\/revisions"}],"predecessor-version":[{"id":84470,"href":"https:\/\/www.invast.jp\/blogs\/wp-json\/wp\/v2\/posts\/44689\/revisions\/84470"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.invast.jp\/blogs\/wp-json\/wp\/v2\/media\/84469"}],"wp:attachment":[{"href":"https:\/\/www.invast.jp\/blogs\/wp-json\/wp\/v2\/media?parent=44689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.invast.jp\/blogs\/wp-json\/wp\/v2\/categories?post=44689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.invast.jp\/blogs\/wp-json\/wp\/v2\/tags?post=44689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}