这一篇的标题是：“VT，中长期来看，中小盘股究竟会带来伤害还是帮助？”看起来，近期利率上升给VT中的中小盘股带来的压力，比标普500更大。
This one was titled: "VT, will all mid- and small-caps harm or help in the long run?" It appears that the recent interest rate rise is placing a heavier burden on mid- and small-caps in VT compared to the S&P 500.
这对未来会有多重要？这种情况不太可能出现。VT是广泛的全球股票市场指数。它和标普500一样，是按市值加权的。真正让这些股票承压的，是我们正面临美元走强、风险溢价上升以及利率上升；而这些因素通常对周期性板块的压力更大，比如国际股票、其他地区，以及中小盘股。
How significant will this be for the future? That is unlikely to be the case. VT is the broad global stock market index. This is weighted based on market capitalization, just like the S&P 500.
What really puts those stocks under pressure is the fact that we are dealing with a rise in the US dollar, a rise in the risk premium, and a rise in interest rates; and those factors generally weigh more heavily on cyclical sectors such as international equities, other regions, as well as small and mid-caps.