S&P 500 Asenfar n 2026: Aɛeddi n Ugzum d Yiswiren n Tallelt

Asnulfu n S&P 500 i 2026 yeqqen ɣer ubeddel seg tneflit tazedgant ɣer yiḥricen yettwasbedden s wazal. Ha-t-an amek ara ssiwḍen Tech, Tadawsa, d Tezmert ad ssiwḍen aḍris-a.

Tagzemt n Makru i Uḍris

Asenfar n S&P 500 n 2026 yesskanay-d ssuq yettwasnen s tezmert n ufran mačči s tmeɣra n tmeɣra s lsas ameqqran. Tiɣimiyin tineggura n tnezzut sseknent-d yiwen n uswir n tɣawsiwin ur nesɛi lqima icudden s lqerb ɣer yimukan n tɣawsiwin n tbanka. Mi ara yennerni ssuma n 10 n yiseggasen, ad d-yeɣli uswir n uswir; mi ara sfehmen yifarisen, ttnernin yidrimen. Assaɣ-a amikani yezmer ad yeqqim deg useggas, dɣa d aya ara yerren tḥemla n lfayda d nettat ay d aḥric amezwaru n tigawt n ssuma n yal ass.

Investors are no longer buying every rising tide. Isefka ttbegginen-d aferdis ibanen. Asenfar n semiconductor d ttawilat icudden ɣer AI d nitni ay d-yettawin rrbeḥ, deg wakud aydeg isefka n tfabrikin imeqranen sseknen-d tignatin yemgerraden. Ssuma n upiṭrul ay la yettnernin ɣer yidis n tɣawsiwin n tmerniwt n tmerniwt n tmerniwt n tmerniwt n tmerniwt n tmerniwt, ttgen-d aḍu n uqerru i tkebbaniyin n tmeẓdit n yimseqdacen maca aḍu n uqerru i tezmert. The challenge for portfolio managers is identifying which sectors will maintain momentum as liquidity conditions tighten.

Tikers deg uswir

Ticker	Takebbanit	Agzum	Ambiddel
1	CK Hutchison Holdings	other	unknown
101	Hang Lung	real_estate	unknown
1024	Kuaishou Technology	telecom	unknown
1038	CK Infrastructure Holdings	utilities	unknown
1044	Hengan Group	consumer	unknown
1055	China Southern Airlines	industrials	unknown
1061	Essex Bio-Technology	health_care	unknown
1066	Shandong Weigao Group Medical Polymer	health_care	unknown
1088	China Shenhua Energy	energy	unknown
1093	CSPC Pharmaceutical	health_care	unknown
1099	Sinopharm Group	health_care	unknown
1109	China Resources Land	real_estate	unknown
1113	CK Asset Holdings	real_estate	unknown
1171	Yankuang Energy Group	energy	unknown
1177	Sino Biopharmaceutical	health_care	unknown
12	Henderson Land	real_estate	unknown

Allalen ay sseqdacen yimesnallunen (professionnels) i unadi ɣef tɣawsiwin n tɣawsiwin n tɣawsiwin n tɣawsiwin. style="color:#3d8bff;font-weight:700;text-decoration:none;">Ẓer allalen yettwassumren ›

Tatiknuluǧit: Seg Uselkim ɣer Tmehla n Uselkim

Agzum n teknoloji ur yexdim ara maca yettnernin. Deg tazwara n uswir, tikebbaniyin n tesnatwilt am usmel (SaaS) d nitenti ay d-yesbedden ccṛeɛ-a. Tura, lbal la yettbeddil ɣer ttawilat (hardware) ed ttawilat (infrastructures) ay yettɛawanen taɣwalt (intelligence) tasenselkimant. Tikebbaniyin am NVIDIA d Micron llant deg tlemmast n tmuɣli-a. Asenfar n tedrimt n Micron ay d-yellan seg melmi kan, ay d-yesfeḍḍen tiktiwin yezrin, yesskanay-d asuter ameqran n tfelwiyin n tmeẓdit ay yessefken i usseqdec n AI.

Asnerni-a ay d-yesselḥay ttawilat n tmeẓdit yettakf-d llsas ay d-yettwaḥesben ugar n tmeẓdiyin n tesnatwilt zeddigen. I lmend n tmuɣli, aya anamek-is teqqim d taẓeyt tameqrant, maca asenfar n wid irebḥen yettbeddil. Ilaq imseftiyen ad ḥadren ɣef tkemmilt n tezmert deg tkebbaniyin n tmeẓdiyin (semiconducteurs) akken ay d-ttbeccirent rrbeḥ. Ass-a, assaɣ gar tkebbaniyin n tcip d Nasdaq-100, aydeg Moderna tekcem seg melmi kan, yesskanay-d taɣawsa n teknussna (technologie) n uswir n tneflit (complexe de croissance) ameqran. Ma yella lfayda n semiconductor teqqim teǧhed, agzum n tesnatwilt ad ikemmel ad yerfed lqaɛ n uswir amatu.

Tadawsa: Aḥric n Tneflit Taɣelnawt

Tadawsa tella deg uɛiwed n ssuma s tɣawla. Deg umezruy, yettwattwali d agzum n temḥaddit, yerna simmal yettkemmil yettkemmil yettkemmil d aɛessas n tneflit. Abeddel-a iban-d deg uxeddim n yigensasen n tbiyutkuṛt d tfarmasit. Tadukli n Moderna deg Nasdaq-100 d ayen ay d-yesskanayen amek ay la yettemcabi usnulfu n tdawsa ɣer tɣawsiwin n tneflit am teknoloji. Imseftiyen ttnadin ɣef tkebbaniyin ay d-yettakfen ama d aẓeḍḍa n yedrimen iḥerzen, ama d iẓeḍwan n usnulfu.

Agzum-a yesfayday-d seg yiḍarren n tmeẓdiyin (tailwinds) n tmetti ay d-yettwasbedden s timmad-nsen seg tmeẓdiyin tidamsanin tiɣelnawin. Akken ttnernin yimezdaɣen, asuter n yiweẓla n ussway d ttawilat n ussway mazal-it ur yettnerni ara. Aya yettak-d llsas n tkerrazt igerrzen. Deg ssuq anda ttkemmilen yimuḍan n ssuma, beta n tdawsa ddaw n tmurt s tmuɣli n teknoloji tazedgant tettafk-d lḥebs n tɣellist war ma tessekcem tazmert n usnerni. Agzum-a yezmer ad yefru deg talliyin n tmerniwt n tmerniwt n tmerniwt mi ara sfeḍḍen yidrimen n yimseqdacen.

Tazmert: Aḥezzeb n tmerniwt

Iḥricen n tezmert la ttkemmilen ttḥettimen-d amkan-nsen d imseftiyen igejdanen n tfelwit. S tmerniwt n ssuma n upiṭrul deg tlemmast n yisefka n tmerniwt n tmerniwt, agzum n teẓwert yettakf-d aḥezzeb usrid mgal tmerniwt n tɣawsiwin. Mačči am tech, i d-yettawin ssuma n usnefli, tikebbaniyin n tezmert sfaydint seg ssuma n sselɛa yettwasdukklen. Aya yettgen-iten d ijebbden mi ara ttwabeddlen yidrimen n Tbanka n Tnezzut, imi idrimen-nsen n tedrimt ttwaqqnen s waṭas ɣer wazalen n yidrimen n tidet maci ɣer lfaydat ara d-yettwasneqsen deg uzekka.

Tiɣri n ugzum-a tettwassejhed s lfayda-nnes n tfada. Deg twennaḍt n lfayda n tmerniwt, tiḥuna yettwaxelṣen s yedrimen ttnernint ugar d tbankiwin n tbankiwin. Tikebbaniyin timeqqranin n tezmert, s tmiḍrant-nsent ijehden, ttakent-d idrimen ay izemren ad sneqsen asenqes n tbankiwin. I S&P 500 s umata, aḥbas n ugzum n tezmert yettɛawan deg usfeḍ n tɣawsiwin ur nesɛi lqima ay d-tessekcem tḥemla n teknoloji deg yibeddilen n tɣawsiwin. Yettkemmil amzun d aɛewwiq, yettqadar lḥeqq ameqran n uswir n tneflit.

Askasi amaḍlan d tmuɣliwin n ssuq n Asya

Ma yella S&P 500 d aḍris ay d-yezgan deg tlemmast n Yiwunak Yeddukklen, axeddim-nnes yettkemmil yettwaqqen ɣer tmuɣliwin n tfabrikin timaḍlanin. Askasi n ssuq n Asya yettakf-d tamuɣli ɣef tezmert n tmeẓdiyin timaḍlanin n ussiweḍ, yerna aya yettaḍḍaf srid lfayda n tkebbaniyin timarikaniyin. Ɣef umedya, Taṛmist n Yigenni n Ccinwa n Wenẓul (Ticker: 1055) tettban-d s tɣawla deg usikel d tɣawsiwin n tɣawsiwin deg umaḍal. Tazmert deg temguriwin (industries) dagi tettqabal-d s waṭas rrbeḥ deg tɣawsiwin n tlujistikt ed tɣawsiwin n umesni (transport) n Yiwunak Yeddukklen.

Am wakken daɣen, tiẓraf n ussiweḍ n semiconductor ttwaḍḍfent aṭas sɣur yimesfaydiyen n Asya. 1347 d Shanghai Fudan Mikruliktrunik (Tiker: 1385) fkan-d imeslayen imezwura n tmuɣliwin n ussutrer n tcip. Ma yella tikebbaniyin-a n tesnatwilt n Asya sseknent-d tneflit, aya yettqadar aḍris n tmerniwt n tkebbaniyin n semiconductor n Marikan. Tadawsa la tettwali daɣen tazmert n tlisa, yerna tiṛmisin am Sinopharm Group (Ticker: 1099) d CSPC Pharmaceutical (Ticker: 1093) sseknent-d tizemmar-nsent. Tiddukliwin-a ttbegginent-d aɣanib amaḍlan n usuter asnajyan, yerna sjehdent arkad n ugzum n tdawsa deg uswir amarikani. Tidrimt deg Asya, am Tbanka Takerrazt n Ccinwa (Ticker: 1288), tettbeggin-d daɣen tadawsa n ugzum n tbankiwin s wazal-is, d ayen ay yettaḍḍafen tignatin n tbankiwin timaḍlanin ay yettaḍḍafen S&P 500.

Iswiren n tallelt igejdanen ara nwali

Anadi atikniki yesskanay-d timnaḍin n ssuma s timmad-nsent ad ilint d iḍarren i lmend n uswir. Aswir amezwaru n tallelt ameqqran yezga-d qrib n tlemmast n 200 n wussan yettwasqedcen. Ma yella index yeṭṭef nnig n tlisa-a, aḥric n tmerniwt ad yeqqim d ayen ur nettbeddil ara. Aḥbas ddaw n tlemmast-a ad d-yesmekti s usselhu yelhan, yerna yezmer ad yeɛreḍ lqidar n useggas yezrin.

Tazmert n tmuɣli deg yidrimen n Tbanka n Tbanka d nettat ay d aḥric amezwaru n ujerred n yiswiren-a. Mi ara nnernin yifarisen, asenqes n l’algorithme yettḥettim ssuma s waṭas ɣer temnaḍin-a n tallelt. Ilaq imseftiyen ad ḍefren assaɣen gar lfayda n tbankiwin d ssuma n tbankiwin. Taɣerɣert n lfayda s tɣawla tettqadar azal n tɣawsiwin n tdukli yugar; tkurt n steeping tettḥettim-iten. Tazmert n S&P 500 akken ad teṭṭef nnig n tlemmast-nnes n tɣuri deg tallit n tɣawsiwin n tɣawsiwin ad d-tessefhem abrid-nnes i wayen ay d-yeqqimen seg 2026.

Asemres astratiji i yimseftiyen

Lebni n tfelwit i useggas i d-iteddun yettḥettim-d lmizan n uskasi n tneflit d tɣellist n tmenḍawt. Tech tefka-d lxir, Healthcare tefka-d lqedd, ma d Energy tettaweḍ-d lfayda. S&P 500 s lqidar n tdukli, ay d-yusan seg melmi kan s tɣawsiwin n tmerniwt, yesskanay-d amihi n ussehres n tkebbaniyin n tmerniwt tameẓyant. D acu kan, aḍris n tmeẓdiyin (cap-weighted index) mazal-it yettwaḍfer sɣur yimḍebbren n tmeẓdiyin timeqranin.

Ilaq imseftiyen ad ḥadren iman-nsen seg uḍfar n wid irebḥen deg tallit yezrin war ma sqedcen lsas n wass-a. Aɛeddi ɣer tɣawsiwin n tdawsa d tdawsa yesskanay-d belli lqaɛa d tmuɣli n tkerrazt sɛan azal ugar n tɣawsiwin n tneflit zeddigen. Assemɣer deg kraḍ-a n yiḥricen yettaǧǧa attekki deg usnerni n ssuq deg wakud aydeg yessefsay axeṣṣar n ussemres n yiḥricen. Aḍfar n yimeẓla n tmeẓdiyin timaḍlanin n ussiweḍ seg Asya yezmer ad d-yefk lewṣayat n zik ɣef yibeddilen deg ssuq ay iḥuzan rrbeḥ n tkebbaniyin timarikaniyin.

Tamawt: Tignatin-a ttwaxedment s tmeẓdiyin n AI s lsas n yisefka imezruyanen d tmuɣliwin n wass-a. Ur ttwaḍemnen ara yerna yessefk ad ten-tesqedceḍ d isalan n tmerna i unadi-inek s timmad-ik.

Iseqsiyen yettwasteqsan s waṭas

D acu i d ayen yesɛan azal ameqqran i tmuɣli n S&P 500 deg 2026?

Tazmert n lfayda d nettat ay d aḥric amezwaru. Mi ara d-yefk Treasury s lfeɛl, ttḥulfunt tkebbaniyin ttnernint; mi ara t-id-yesfaydi lɣella, ttqabalen-d lḥers. Aḍfar n lɣella n 10 n yiseggasen d ayen ilaqen i tkeččumin n wakud.

Anwi igzumen ay yettwaṛeggmen ad ḍefren ssuq deg useggas ay d-yetteddun?

Technology, specifically hardware and semiconductors, will likely lead growth. Tadawsa la d-tettban d aḥric ijehden n tneflit d temḥaddit, deg wakud aydeg Tazmert tettgensis-d ayen ay yessefken deg tedrimt d uḥezzeb mgal tmerniwt n ssuma.

Ma yella S&P 500 yettwaḥseb d akken yesɛa azal nnig n 2026?

Azal yettwasnefli s tneflit n tfada deg yiḥricen n teknoloji d tdawsa. Ma yella d imuḍan llan s waṭas, lqima n tfada n ddaw tmurt d tmuɣliwin n usuter amaḍlan ttḥettiment iswiren n wass-a i yimekkiyen n tɣuri n tɣuri.

Amek ay yettḥaz uswir n ssuq n Asya S&P 500 n Yiwunak Yeddukklen?

Ssuq n Asya, ladɣa Ccinwa, ttgen-d amkan n tɣawsiwin n zik n tdawsa d Ccinwa. Tazmert deg tkebbaniyin n teknoloji d temguri n Asya tcud s waṭas ɣer tɣawsiwin n tkerrazt n tkebbaniyin timarikaniyin.

Ad tḥeqqeḍ. Aḍris n AI Stock Predictions yettwaxdem s yimukan n tmussni n tmeẓdit d ulmad n tmacinin i yiswan n ussegmi d usmel kan. MAČČI d lewṣayat n tedrimt, n usefti neɣ n tnezzuyt. Ineḍruyen zemren ad ilin d iɣewwaɣen. Egg dima tazrawt-ik s timmad-ik u steqsi yiwen n umcawar n tedrimt yesɛan ttesriḥ uqbel ad tḍefreḍ leqrar n usefti. Assefti yesɛa axessar, gar-asen axessar n tbanka ay izemren ad d-tili.