The Extra Reward for Owning Stocks Over Bonds Has Disappeared
波动率新闻：There is little sign of crimped demand for equities among individual investors, who remain bullish after two years of blockbuster gains. 暂未识别到明确 ticker，适合作为宏观或行业背景观察。
波动率新闻不要直接当作方向信号，应结合成交量、OI、价差和到期日过滤。