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2022-02-17

😂

Elon Musk Recalls The Time When Charlie Munger Told A Whole Table How 'Tesla Would Fail'

2022-02-14

666

Apollo Deepens Abu Dhabi Investment With $1.4 Billion Aldar Deal

2022-02-12

Pls like

Statement Regarding Foreign Media Reports

2022-02-08

Pls like

EV Stocks Rose in Morning Trading

2022-02-08

pls like

Cruise Line Stocks Gained in Morning Trading

2022-01-13

666

You can't go wrong with Nio, XPeng, or Ideal

2022-01-05

666

The decline of popular Chinese concept stocks continued to expand, with Pinduoduo falling more than 10%

2021-07-22

666

BYTON's bankruptcy once again poured cold water on the new energy vehicle track

2021-07-08

666

Oil prices plummet, UAE plans to unilaterally sell oil wildly

2021-07-08

666

Sorry, the original content has been removed

2021-07-08

666

The voice of the peak of the cycle is endless. Is it time to abandon high-valuation "dream stocks"?

2021-07-08

666

Sorry, the original content has been removed

2021-06-29

666???

Dalio's latest speech: The stock market is not necessarily in a bubble right now

2021-06-29

666

U.S. stocks are not bearish VS a 15% correction! Well-known banks predict U.S. and Hong Kong stocks in the second half of the year

2021-06-29

666

[Change] New car-making forces have completely exploded, and Nio vehicles rose 9%

2021-06-23

666

Pre-market: The three major futures indexes rose collectively, and the concept of blockchain rebounded

2021-06-23

666

Tesla's Q2 delivery volume is expected to hit a new high, is the buying point arrived?

2021-06-22

666

Sorry, the original content has been removed

2021-06-22

666

The key price difference of crude oil hits a 7-year high, last time oil prices rose to $100

2021-06-18

666 ?

Hawkish Signal! The Federal Reserve is gradually changing its face, what about the property market and stock market?

Go to Tiger App to see more news

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charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elon Musk Recalls The Time When Charlie Munger Told A Whole Table How 'Tesla Would Fail'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElon Musk Recalls The Time When Charlie Munger Told A Whole Table How 'Tesla Would Fail'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-17 11:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/22/02/25680190/elon-musk-recalls-the-time-when-charlie-munger-told-a-whole-table-how-tesla-would-fail><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla Inc Elon Musk on Wednesday called out Berkshire Hathaway Inc Vice Chair Charlie Munger for his discouraging words over a decade ago that listed all the ways the billionaire entrepreneur’s ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/22/02/25680190/elon-musk-recalls-the-time-when-charlie-munger-told-a-whole-table-how-tesla-would-fail\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","TSLA":"特斯拉"},"source_url":"https://www.benzinga.com/markets/cryptocurrency/22/02/25680190/elon-musk-recalls-the-time-when-charlie-munger-told-a-whole-table-how-tesla-would-fail","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114920857","content_text":"Tesla Inc Elon Musk on Wednesday called out Berkshire Hathaway Inc Vice Chair Charlie Munger for his discouraging words over a decade ago that listed all the ways the billionaire entrepreneur’s electric vehicle venture would fail.What Happened: Musk replied to a social media post that pointed out Munger's latest harsh views towards cryptocurrency at a media event.The 98-year old value investor and Warren Buffett’s right-hand man had on Wednesday said he is proud to have not invested in cryptocurrency, adding that it should be “banned” and likened it to a “venereal disease.”Musk compared Munger’s latest comments with a 2009 incident when the legendary investor “told the whole table” at a lunch meeting on “all the ways Tesla would fail.”The world’s richest man said Munger’s comments left him sad but he agreed with the veteron investor at the time. “We would probably die, but it was worth trying anyway,” Musk purportedly told the Berkshire vice chair. The Tesla and SpaceX CEO did not provide more details of the incident.Why It Matters: Munger has criticized cryptocurrency before. He had in February last year said he hates the Bitcoin success.“I don't welcome a currency that's so useful to kidnappers and extortionists and so forth,” he had said at the time.Surprisingly, Buffett-controlled Berkshire had in the fourth quarter of 2021 initiated a position in the BTC-friendly Brazilian bank Nu Holdings Ltd while dumping shares of Visa Inc and Mastercard Incorporated.The company led by the Oracle of Omaha bought $1 billion worth of Nubank shares in the fourth quarter of 2021 and sold $1.8 billion and $1.3 billion worth of Visa and Mastercard stock.Musk had last year disclosed a $1.5 billion investment in Bitcoin and began accepting the cryptocurrency as payment for its vehicles before halting the initiative in May.Price Action: Tesla shares closed 0.1% higher at $923.39 a share on Wednesday.","news_type":1,"symbols_score_info":{"BRK.A":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2373,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095315255,"gmtCreate":1644822888964,"gmtModify":1676533965251,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095315255","repostId":"1179055183","repostType":4,"repost":{"id":"1179055183","kind":"news","pubTimestamp":1644821452,"share":"https://ttm.financial/m/news/1179055183?lang=en_US&edition=fundamental","pubTime":"2022-02-14 14:50","market":"us","language":"en","title":"Apollo Deepens Abu Dhabi Investment With $1.4 Billion Aldar Deal","url":"https://stock-news.laohu8.com/highlight/detail?id=1179055183","media":"Bloomberg","summary":"(Bloomberg) -- Apollo Global Management Inc. signed a deal to invest $1.4 billion in Aldar Propertie","content":"<html><head></head><body><p>(Bloomberg) -- <a href=\"https://laohu8.com/S/APO\">Apollo Global Management Inc.</a> signed a deal to invest $1.4 billion in Aldar Properties PJSC as the private equity giant deepens its investments in Abu Dhabi’s real estate market.</p><p>As part of the transaction, Apollo will take a direct minority stake in Aldar Investment Properties, one of the largest foreign direct investments in Abu Dhabi’s private sector, according to a statement. The deal is expected to close in the first quarter.</p><p>The investment follows a consortium led by Apollo agreeing to inject billions of dollars into the real estate assets of Abu Dhabi’s oil company. The private equity firm also has a strategic partnership with Mubadala Investment Co., one of Abu Dhabi’s sovereign wealth funds.</p><p>Aldar, which primarily operates in Abu Dhabi, has been chasing growth in a cramped market. At home, the developer is growing its management business, and beyond the United Arab Emirates it has gained a foothold in Egypt through the acquisition of a majority stake in Sodic.</p><p>Apollo deal is structured as:</p><ul><li><p>$500 million: investment into a land joint venture</p></li><li><p>$500 million: perpetual subordinated notes issued by Aldar Investment Properties</p></li><li><p>$300 million: mandatory convertible preferred equity investment in Aldar Investment Properties</p></li><li><p>$100 million: common equity investment in Aldar Investment Properties</p></li></ul><p>Aldar said last week it plans to spend 5 billion dirhams ($1.36 billion) on acquisitions this year to grow its portfolio of revenue-generating properties. The company reported a 21% increase in full-year profit, supported by “strong performance” across group businesses.</p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apollo Deepens Abu Dhabi Investment With $1.4 Billion Aldar Deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApollo Deepens Abu Dhabi Investment With $1.4 Billion Aldar Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-14 14:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/apollo-deepens-abu-dhabi-investment-061505100.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Apollo Global Management Inc. signed a deal to invest $1.4 billion in Aldar Properties PJSC as the private equity giant deepens its investments in Abu Dhabi’s real estate market.As part...</p>\n\n<a href=\"https://finance.yahoo.com/news/apollo-deepens-abu-dhabi-investment-061505100.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"APO":"阿波罗全球管理"},"source_url":"https://finance.yahoo.com/news/apollo-deepens-abu-dhabi-investment-061505100.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179055183","content_text":"(Bloomberg) -- Apollo Global Management Inc. signed a deal to invest $1.4 billion in Aldar Properties PJSC as the private equity giant deepens its investments in Abu Dhabi’s real estate market.As part of the transaction, Apollo will take a direct minority stake in Aldar Investment Properties, one of the largest foreign direct investments in Abu Dhabi’s private sector, according to a statement. The deal is expected to close in the first quarter.The investment follows a consortium led by Apollo agreeing to inject billions of dollars into the real estate assets of Abu Dhabi’s oil company. The private equity firm also has a strategic partnership with Mubadala Investment Co., one of Abu Dhabi’s sovereign wealth funds.Aldar, which primarily operates in Abu Dhabi, has been chasing growth in a cramped market. At home, the developer is growing its management business, and beyond the United Arab Emirates it has gained a foothold in Egypt through the acquisition of a majority stake in Sodic.Apollo deal is structured as:$500 million: investment into a land joint venture$500 million: perpetual subordinated notes issued by Aldar Investment Properties$300 million: mandatory convertible preferred equity investment in Aldar Investment Properties$100 million: common equity investment in Aldar Investment PropertiesAldar said last week it plans to spend 5 billion dirhams ($1.36 billion) on acquisitions this year to grow its portfolio of revenue-generating properties. The company reported a 21% increase in full-year profit, supported by “strong performance” across group businesses.","news_type":1,"symbols_score_info":{"APO":0.9}},"isVote":1,"tweetType":1,"viewCount":2913,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9092615415,"gmtCreate":1644618991217,"gmtModify":1676533946019,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9092615415","repostId":"1108682296","repostType":2,"repost":{"id":"1108682296","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1639746579,"share":"https://ttm.financial/m/news/1108682296?lang=en_US&edition=fundamental","pubTime":"2021-12-17 21:09","market":"us","language":"en","title":"Statement Regarding Foreign Media Reports","url":"https://stock-news.laohu8.com/highlight/detail?id=1108682296","media":"Tiger Newspress","summary":"Tiger Brokers is aware of the media reports made today regarding potential regulatory policies related to online brokers and would advise relevant stakeholders to take note of the following:","content":"<p>Tiger&nbsp;Brokers&nbsp;is&nbsp;aware&nbsp;of&nbsp;the&nbsp;media&nbsp;reports&nbsp;made&nbsp;today&nbsp;regarding&nbsp;potential&nbsp;regulatory&nbsp;policies&nbsp;related&nbsp;to&nbsp;online&nbsp;brokers&nbsp;and&nbsp;would&nbsp;advise&nbsp;relevant&nbsp;stakeholders&nbsp;to&nbsp;take&nbsp;note&nbsp;of&nbsp;the&nbsp;following:</p><p>1. Since&nbsp;inception,&nbsp;the&nbsp;firm&nbsp;has&nbsp;always&nbsp;been&nbsp;committed&nbsp;to&nbsp;providing&nbsp;a&nbsp;first-class&nbsp;investment&nbsp;experience&nbsp;for&nbsp;global&nbsp;investors.&nbsp;The&nbsp;firm’s&nbsp;business&nbsp;model&nbsp;is&nbsp;comparable&nbsp;to&nbsp;other&nbsp;brokers&nbsp;in&nbsp;Singapore&nbsp;and&nbsp;Hong&nbsp;Kong&nbsp;and&nbsp;the&nbsp;firm&nbsp;is&nbsp;not&nbsp;conducting&nbsp;any&nbsp;financial&nbsp;services&nbsp;business&nbsp;that&nbsp;is&nbsp;outside&nbsp;standard&nbsp;industry&nbsp;practice.&nbsp;The&nbsp;firm&nbsp;rigidly&nbsp;adheres&nbsp;to&nbsp;all&nbsp;regulatory&nbsp;requirements&nbsp;in&nbsp;the&nbsp;jurisdictions&nbsp;we&nbsp;operate&nbsp;in.</p><p>2. Presently&nbsp;the&nbsp;firm&nbsp;possesses&nbsp;46&nbsp;licenses&nbsp;in&nbsp;36&nbsp;categories&nbsp;across&nbsp;a&nbsp;wide&nbsp;range&nbsp;of&nbsp;global&nbsp;jurisdictions&nbsp;including&nbsp;Singapore,&nbsp;Hong&nbsp;Kong&nbsp;S.A.R.,&nbsp;The&nbsp;U.S.,&nbsp;and&nbsp;Australia,&nbsp;among&nbsp;others.&nbsp;The&nbsp;firm&nbsp;continues&nbsp;to&nbsp;execute&nbsp;on&nbsp;its&nbsp;internationalization&nbsp;strategy&nbsp;and&nbsp;in&nbsp;the&nbsp;third&nbsp;quarter&nbsp;of&nbsp;2021,&nbsp;more&nbsp;than&nbsp;90%&nbsp;of&nbsp;newly&nbsp;funded&nbsp;accounts&nbsp;were&nbsp;derived&nbsp;from&nbsp;markets&nbsp;outside&nbsp;of&nbsp;mainland&nbsp;China.&nbsp;The&nbsp;firm&nbsp;remains&nbsp;focused&nbsp;on&nbsp;investing&nbsp;in&nbsp;research&nbsp;and&nbsp;development&nbsp;to&nbsp;enable&nbsp;more&nbsp;international&nbsp;investors&nbsp;to&nbsp;enjoy&nbsp;secure,&nbsp;comprehensive&nbsp;and&nbsp;convenient&nbsp;access&nbsp;to&nbsp;global&nbsp;capital&nbsp;markets.</p><p>3. Compliance&nbsp;with&nbsp;laws&nbsp;and&nbsp;regulations&nbsp;is&nbsp;core&nbsp;to&nbsp;the&nbsp;firm’s&nbsp;operations.&nbsp;Should&nbsp;new&nbsp;regulations&nbsp;be&nbsp;introduced&nbsp;in&nbsp;the&nbsp;future,&nbsp;the&nbsp;firm&nbsp;will&nbsp;strictly&nbsp;comply&nbsp;with&nbsp;relevant&nbsp;guidelines&nbsp;and&nbsp;enact&nbsp;new&nbsp;compliance&nbsp;protocols.&nbsp;Furthermore,&nbsp;in&nbsp;the&nbsp;case&nbsp;that&nbsp;relevant&nbsp;authorities&nbsp;promulgate&nbsp;new&nbsp;regulations&nbsp;that&nbsp;have&nbsp;a&nbsp;material&nbsp;effect&nbsp;on&nbsp;our&nbsp;business,&nbsp;the&nbsp;firm&nbsp;will&nbsp;make&nbsp;appropriate&nbsp;disclosures&nbsp;to&nbsp;investors&nbsp;without&nbsp;delay.</p><p>4. Finally,&nbsp;the&nbsp;firm&nbsp;notes&nbsp;that&nbsp;in&nbsp;recent&nbsp;months&nbsp;certain&nbsp;institutions&nbsp;have&nbsp;been&nbsp;disseminating&nbsp;misleading&nbsp;information&nbsp;in&nbsp;order&nbsp;to&nbsp;profiteer&nbsp;from&nbsp;short&nbsp;selling.&nbsp;The&nbsp;firm&nbsp;rejects&nbsp;such&nbsp;malicious&nbsp;short&nbsp;selling&nbsp;activities.&nbsp;We&nbsp;will&nbsp;stay&nbsp;in&nbsp;communication&nbsp;with&nbsp;relevant&nbsp;regulatory&nbsp;authorities&nbsp;and&nbsp;reserve&nbsp;our&nbsp;right&nbsp;to&nbsp;hold&nbsp;those&nbsp;disseminating&nbsp;false&nbsp;information&nbsp;accountable&nbsp;in&nbsp;accordance&nbsp;with&nbsp;the&nbsp;law.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Statement Regarding Foreign Media Reports</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStatement Regarding Foreign Media Reports\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-12-17 21:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Tiger&nbsp;Brokers&nbsp;is&nbsp;aware&nbsp;of&nbsp;the&nbsp;media&nbsp;reports&nbsp;made&nbsp;today&nbsp;regarding&nbsp;potential&nbsp;regulatory&nbsp;policies&nbsp;related&nbsp;to&nbsp;online&nbsp;brokers&nbsp;and&nbsp;would&nbsp;advise&nbsp;relevant&nbsp;stakeholders&nbsp;to&nbsp;take&nbsp;note&nbsp;of&nbsp;the&nbsp;following:</p><p>1. Since&nbsp;inception,&nbsp;the&nbsp;firm&nbsp;has&nbsp;always&nbsp;been&nbsp;committed&nbsp;to&nbsp;providing&nbsp;a&nbsp;first-class&nbsp;investment&nbsp;experience&nbsp;for&nbsp;global&nbsp;investors.&nbsp;The&nbsp;firm’s&nbsp;business&nbsp;model&nbsp;is&nbsp;comparable&nbsp;to&nbsp;other&nbsp;brokers&nbsp;in&nbsp;Singapore&nbsp;and&nbsp;Hong&nbsp;Kong&nbsp;and&nbsp;the&nbsp;firm&nbsp;is&nbsp;not&nbsp;conducting&nbsp;any&nbsp;financial&nbsp;services&nbsp;business&nbsp;that&nbsp;is&nbsp;outside&nbsp;standard&nbsp;industry&nbsp;practice.&nbsp;The&nbsp;firm&nbsp;rigidly&nbsp;adheres&nbsp;to&nbsp;all&nbsp;regulatory&nbsp;requirements&nbsp;in&nbsp;the&nbsp;jurisdictions&nbsp;we&nbsp;operate&nbsp;in.</p><p>2. Presently&nbsp;the&nbsp;firm&nbsp;possesses&nbsp;46&nbsp;licenses&nbsp;in&nbsp;36&nbsp;categories&nbsp;across&nbsp;a&nbsp;wide&nbsp;range&nbsp;of&nbsp;global&nbsp;jurisdictions&nbsp;including&nbsp;Singapore,&nbsp;Hong&nbsp;Kong&nbsp;S.A.R.,&nbsp;The&nbsp;U.S.,&nbsp;and&nbsp;Australia,&nbsp;among&nbsp;others.&nbsp;The&nbsp;firm&nbsp;continues&nbsp;to&nbsp;execute&nbsp;on&nbsp;its&nbsp;internationalization&nbsp;strategy&nbsp;and&nbsp;in&nbsp;the&nbsp;third&nbsp;quarter&nbsp;of&nbsp;2021,&nbsp;more&nbsp;than&nbsp;90%&nbsp;of&nbsp;newly&nbsp;funded&nbsp;accounts&nbsp;were&nbsp;derived&nbsp;from&nbsp;markets&nbsp;outside&nbsp;of&nbsp;mainland&nbsp;China.&nbsp;The&nbsp;firm&nbsp;remains&nbsp;focused&nbsp;on&nbsp;investing&nbsp;in&nbsp;research&nbsp;and&nbsp;development&nbsp;to&nbsp;enable&nbsp;more&nbsp;international&nbsp;investors&nbsp;to&nbsp;enjoy&nbsp;secure,&nbsp;comprehensive&nbsp;and&nbsp;convenient&nbsp;access&nbsp;to&nbsp;global&nbsp;capital&nbsp;markets.</p><p>3. Compliance&nbsp;with&nbsp;laws&nbsp;and&nbsp;regulations&nbsp;is&nbsp;core&nbsp;to&nbsp;the&nbsp;firm’s&nbsp;operations.&nbsp;Should&nbsp;new&nbsp;regulations&nbsp;be&nbsp;introduced&nbsp;in&nbsp;the&nbsp;future,&nbsp;the&nbsp;firm&nbsp;will&nbsp;strictly&nbsp;comply&nbsp;with&nbsp;relevant&nbsp;guidelines&nbsp;and&nbsp;enact&nbsp;new&nbsp;compliance&nbsp;protocols.&nbsp;Furthermore,&nbsp;in&nbsp;the&nbsp;case&nbsp;that&nbsp;relevant&nbsp;authorities&nbsp;promulgate&nbsp;new&nbsp;regulations&nbsp;that&nbsp;have&nbsp;a&nbsp;material&nbsp;effect&nbsp;on&nbsp;our&nbsp;business,&nbsp;the&nbsp;firm&nbsp;will&nbsp;make&nbsp;appropriate&nbsp;disclosures&nbsp;to&nbsp;investors&nbsp;without&nbsp;delay.</p><p>4. Finally,&nbsp;the&nbsp;firm&nbsp;notes&nbsp;that&nbsp;in&nbsp;recent&nbsp;months&nbsp;certain&nbsp;institutions&nbsp;have&nbsp;been&nbsp;disseminating&nbsp;misleading&nbsp;information&nbsp;in&nbsp;order&nbsp;to&nbsp;profiteer&nbsp;from&nbsp;short&nbsp;selling.&nbsp;The&nbsp;firm&nbsp;rejects&nbsp;such&nbsp;malicious&nbsp;short&nbsp;selling&nbsp;activities.&nbsp;We&nbsp;will&nbsp;stay&nbsp;in&nbsp;communication&nbsp;with&nbsp;relevant&nbsp;regulatory&nbsp;authorities&nbsp;and&nbsp;reserve&nbsp;our&nbsp;right&nbsp;to&nbsp;hold&nbsp;those&nbsp;disseminating&nbsp;false&nbsp;information&nbsp;accountable&nbsp;in&nbsp;accordance&nbsp;with&nbsp;the&nbsp;law.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108682296","content_text":"Tiger Brokers is aware of the media reports made today regarding potential regulatory policies related to online brokers and would advise relevant stakeholders to take note of the following:1. Since inception, the firm has always been committed to providing a first-class investment experience for global investors. The firm’s business model is comparable to other brokers in Singapore and Hong Kong and the firm is not conducting any financial services business that is outside standard industry practice. The firm rigidly adheres to all regulatory requirements in the jurisdictions we operate in.2. Presently the firm possesses 46 licenses in 36 categories across a wide range of global jurisdictions including Singapore, Hong Kong S.A.R., The U.S., and Australia, among others. The firm continues to execute on its internationalization strategy and in the third quarter of 2021, more than 90% of newly funded accounts were derived from markets outside of mainland China. The firm remains focused on investing in research and development to enable more international investors to enjoy secure, comprehensive and convenient access to global capital markets.3. Compliance with laws and regulations is core to the firm’s operations. Should new regulations be introduced in the future, the firm will strictly comply with relevant guidelines and enact new compliance protocols. Furthermore, in the case that relevant authorities promulgate new regulations that have a material effect on our business, the firm will make appropriate disclosures to investors without delay.4. Finally, the firm notes that in recent months certain institutions have been disseminating misleading information in order to profiteer from short selling. The firm rejects such malicious short selling activities. We will stay in communication with relevant regulatory authorities and reserve our right to hold those disseminating false information accountable in accordance with the law.","news_type":1,"symbols_score_info":{"TIGR":0.9}},"isVote":1,"tweetType":1,"viewCount":2570,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9096023679,"gmtCreate":1644271949565,"gmtModify":1676533905639,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096023679","repostId":"1186876974","repostType":4,"repost":{"id":"1186876974","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1644245081,"share":"https://ttm.financial/m/news/1186876974?lang=en_US&edition=fundamental","pubTime":"2022-02-07 22:44","market":"us","language":"en","title":"EV Stocks Rose in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1186876974","media":"Tiger Newspress","summary":"EV stocks rose in morning trading, with Tesla, Rivian, NIO, Xpeng, Fisker and Arrival rising from 2 ","content":"<html><head></head><body><p>EV stocks rose in morning trading, with Tesla, Rivian, NIO, Xpeng, Fisker and Arrival rising from 2 to 4%.<img src=\"https://static.tigerbbs.com/7a9d27c437985a03bc85e29abf014cd3\" tg-width=\"382\" tg-height=\"517\" referrerpolicy=\"no-referrer\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Stocks Rose in Morning Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Stocks Rose in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-07 22:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>EV stocks rose in morning trading, with Tesla, Rivian, NIO, Xpeng, Fisker and Arrival rising from 2 to 4%.<img src=\"https://static.tigerbbs.com/7a9d27c437985a03bc85e29abf014cd3\" tg-width=\"382\" tg-height=\"517\" referrerpolicy=\"no-referrer\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","TSLA":"特斯拉","NIO":"蔚来"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186876974","content_text":"EV stocks rose in morning trading, with Tesla, Rivian, NIO, Xpeng, Fisker and Arrival rising from 2 to 4%.","news_type":1,"symbols_score_info":{"RIVN":0.9,"TSLA":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":2555,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9096023919,"gmtCreate":1644271912415,"gmtModify":1676533905636,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"pls like","listText":"pls like","text":"pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096023919","repostId":"1158578585","repostType":4,"repost":{"id":"1158578585","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1644245453,"share":"https://ttm.financial/m/news/1158578585?lang=en_US&edition=fundamental","pubTime":"2022-02-07 22:50","market":"us","language":"en","title":"Cruise Line Stocks Gained in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1158578585","media":"Tiger Newspress","summary":"Cruise Line stocks gained in morning trading. Royal Caribbean, Carnival, and Norwegian Cruise climbe","content":"<html><head></head><body><p>Cruise Line stocks gained in morning trading. Royal Caribbean, Carnival, and Norwegian Cruise climbed between 3% to 5%.<img src=\"https://static.tigerbbs.com/44881c276fd2c2bc31a45f76da7b1f22\" tg-width=\"382\" tg-height=\"163\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cruise Line Stocks Gained in Morning Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCruise Line Stocks Gained in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-07 22:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Cruise Line stocks gained in morning trading. Royal Caribbean, Carnival, and Norwegian Cruise climbed between 3% to 5%.<img src=\"https://static.tigerbbs.com/44881c276fd2c2bc31a45f76da7b1f22\" tg-width=\"382\" tg-height=\"163\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RCL":"皇家加勒比邮轮","CCL":"嘉年华邮轮","NCLH":"挪威邮轮"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158578585","content_text":"Cruise Line stocks gained in morning trading. Royal Caribbean, Carnival, and Norwegian Cruise climbed between 3% to 5%.","news_type":1,"symbols_score_info":{"NCLH":0.9,"RCL":0.9,"CCL":0.9}},"isVote":1,"tweetType":1,"viewCount":2258,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9002455828,"gmtCreate":1642080437285,"gmtModify":1676533678626,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9002455828","repostId":"2203761861","repostType":2,"repost":{"id":"2203761861","kind":"news","pubTimestamp":1642072317,"share":"https://ttm.financial/m/news/2203761861?lang=en_US&edition=fundamental","pubTime":"2022-01-13 19:11","market":"us","language":"zh","title":"You can't go wrong with Nio, XPeng, or Ideal","url":"https://stock-news.laohu8.com/highlight/detail?id=2203761861","media":"东方财富","summary":"麦格理分析师Erica Chen开始把三家在美上市的中国电动汽车制造商蔚来汽车、小鹏和理想纳入跟踪分析公司的范围内，称投资者应该买入这三家公司的股票。蔚来、小鹏和理想股价分别上涨5.53%、5.73%和3.15%。蔚来汽车股票的平均目标价约为59美元，略低于两倍的近期价格。Erica Chen对理想的目标价为每股151港元，这意味着美国或香港投资者可能将获得约28%的涨幅。不过根据分析师的目标价和评级，投资这三只股票中的任何一只都不会出错。","content":"<p><html><body><article>Macquarie (<a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a>) Analyst Erica Chen begins listing three U.S.-listed Chinese electric car makers<a href=\"https://laohu8.com/S/NIO\">Nio</a>Automotive (NIO), XPeng (XPEV) and Ideal (LI) are included in the spectrum of tracking analytics companies, saying investors should buy shares of all three companies.</p><p>Investors appear to be listening to analysts' advice. Shares of all three companies rose on January 12, although stocks of other electric vehicle companies also rose. Nio, XPeng, and Ideal shares rose 5.53%, 5.73%, and 3.15%, respectively.<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>(TSLA) and Rivian (RIVN) are up 3.93% and 3.51%, respectively.</p><p>January 12 was a positive day for most stocks.<span>S&P 500 Index</span>And<span>Dow Jones Industrial Average</span>They rose 0.28% and 0.11%, respectively.</p><p>Erica Chen has an Outperform rating on Nio stock. This rating is equivalent to a buy and a price target of $37.70, which is well above Nio's closing price of $31.68 on January 12. She expects Nio's sales to grow by about 50% in the next few years.</p><p>Compared with 2020, China's sales of electric vehicles (including plug-in hybrid vehicles) will grow by approximately 180% in 2021. Nio's sales increased by about 109% year-on-year, and the completion rate of sales tasks was also high. Almost all of the company's car sales were to the Chinese market, but a small part were also sold in Europe.</p><p>Erica Chen's price target implies that Nio shares can still rise by about 20% from recent levels, but that's one of the more conservative targets on the Street. About 84% of the analysts who track the company have a buy rating on the company's stock, compared with the average buy rating ratio of about 55% for S&P 500 stocks. The average price target for Nio Motor stock is around $59, just below double its recent price.</p><p>Erica Chen also gave XPeng stock an Outperform rating.</p><p>Erica Chen's target price for XPeng and Ideal is for the stocks of the two companies listed in Hong Kong, and XPeng's target price is HK $221. Based on this calculation, this means that the stock prices of investors in the United States and Hong Kong will rise by about 20%.</p><p>Erica Chen's price target is a bit more conservative than her Wall Street peers are predicting. The average price target for XPeng's U.S.-listed shares is about $64 per share, which is about 38% higher than recent levels.</p><p>XPeng is as popular as Nio, with 85% of analysts tracking the company rating it at a buy.</p><p>Erica Chen's ideal price target is HK $151 per share, which means that investors in the United States or Hong Kong may get a gain of about 28%. The average price target for ideal U.S. stocks is about $46.50, which is 50% higher than recent levels.</p><p>Ideal is the most popular among analysts of the three stocks, and with Erica Chen's new \"buy\" rating, about 91% of analysts currently have a \"buy\" rating on Ideal stock.</p><p>But based on analyst price targets and ratings, you can't go wrong investing in any of these three stocks.</p><p>(Article source: Barron's Weekly)</p><p></article></body></html></p>","source":"tencent","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>You can't go wrong with Nio, XPeng, or Ideal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nYou can't go wrong with Nio, XPeng, or Ideal\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">东方财富</strong><span class=\"h-time small\">2022-01-13 19:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><body><article>Macquarie (<a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a>) Analyst Erica Chen begins listing three U.S.-listed Chinese electric car makers<a href=\"https://laohu8.com/S/NIO\">Nio</a>Automotive (NIO), XPeng (XPEV) and Ideal (LI) are included in the spectrum of tracking analytics companies, saying investors should buy shares of all three companies.</p><p>Investors appear to be listening to analysts' advice. Shares of all three companies rose on January 12, although stocks of other electric vehicle companies also rose. Nio, XPeng, and Ideal shares rose 5.53%, 5.73%, and 3.15%, respectively.<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>(TSLA) and Rivian (RIVN) are up 3.93% and 3.51%, respectively.</p><p>January 12 was a positive day for most stocks.<span>S&P 500 Index</span>And<span>Dow Jones Industrial Average</span>They rose 0.28% and 0.11%, respectively.</p><p>Erica Chen has an Outperform rating on Nio stock. This rating is equivalent to a buy and a price target of $37.70, which is well above Nio's closing price of $31.68 on January 12. She expects Nio's sales to grow by about 50% in the next few years.</p><p>Compared with 2020, China's sales of electric vehicles (including plug-in hybrid vehicles) will grow by approximately 180% in 2021. Nio's sales increased by about 109% year-on-year, and the completion rate of sales tasks was also high. Almost all of the company's car sales were to the Chinese market, but a small part were also sold in Europe.</p><p>Erica Chen's price target implies that Nio shares can still rise by about 20% from recent levels, but that's one of the more conservative targets on the Street. About 84% of the analysts who track the company have a buy rating on the company's stock, compared with the average buy rating ratio of about 55% for S&P 500 stocks. The average price target for Nio Motor stock is around $59, just below double its recent price.</p><p>Erica Chen also gave XPeng stock an Outperform rating.</p><p>Erica Chen's target price for XPeng and Ideal is for the stocks of the two companies listed in Hong Kong, and XPeng's target price is HK $221. Based on this calculation, this means that the stock prices of investors in the United States and Hong Kong will rise by about 20%.</p><p>Erica Chen's price target is a bit more conservative than her Wall Street peers are predicting. The average price target for XPeng's U.S.-listed shares is about $64 per share, which is about 38% higher than recent levels.</p><p>XPeng is as popular as Nio, with 85% of analysts tracking the company rating it at a buy.</p><p>Erica Chen's ideal price target is HK $151 per share, which means that investors in the United States or Hong Kong may get a gain of about 28%. The average price target for ideal U.S. stocks is about $46.50, which is 50% higher than recent levels.</p><p>Ideal is the most popular among analysts of the three stocks, and with Erica Chen's new \"buy\" rating, about 91% of analysts currently have a \"buy\" rating on Ideal stock.</p><p>But based on analyst price targets and ratings, you can't go wrong investing in any of these three stocks.</p><p>(Article source: Barron's Weekly)</p><p></article></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202201131913057a22b366&s=b\">东方财富</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/eebab619623966f6e7115434f653b888","relate_stocks":{"BK4505":"高瓴资本持仓","BK4504":"桥水持仓","LI":"理想汽车","09868":"小鹏汽车-W","BK1119":"汽车制造商","BK4548":"巴美列捷福持仓","XPEV":"小鹏汽车","NIO":"蔚来","BK4555":"新能源车","BK4551":"寇图资本持仓","BK4509":"腾讯概念","BK1588":"回港中概股","BK4532":"文艺复兴科技持仓","BK1575":"同股不同权","BK4531":"中概回港概念","BK4099":"汽车制造商","BK4526":"热门中概股","BK4534":"瑞士信贷持仓","BK1587":"次新股","02015":"理想汽车-W","BK1539":"汽车股"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202201131913057a22b366&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2203761861","content_text":"麦格理(Macquarie)分析师Erica Chen开始把三家在美上市的中国电动汽车制造商蔚来汽车(NIO)、小鹏(XPEV)和理想(LI)纳入跟踪分析公司的范围内，称投资者应该买入这三家公司的股票。投资者似乎听了分析师的建议。1月12日，这三家公司的股票都涨了，不过其他电动汽车公司的股票也有所上涨。蔚来、小鹏和理想股价分别上涨5.53%、5.73%和3.15%。特斯拉(TSLA)和Rivian(RIVN)的股价分别上涨3.93%和3.51%。对于大多数股票来说，1月12日都是一个积极的日子。标准普尔500指数和道琼斯工业平均指数分别上涨了0.28% 和0.11% 。Erica Chen对蔚来股票的评级为跑赢大盘，此评级相当于买入，目标价为37.70美元，远高于蔚来1月12日31.68美元的收盘价。她预计蔚来的销售额在未来几年内将增长大约50% 。与2020年相比，中国电动汽车(包括插电式混合动力汽车)2021年销量增长约为180%。蔚来的销量同比增长约109%，销售任务完成率也较高，并且该公司几乎所有的汽车销售都面向中国市场，不过也有一小部分在欧洲销售。Erica Chen的目标价意味着蔚来股价较近期水平还可以上涨约20% ，但这是华尔街较为保守的目标之一。追踪该公司的分析师中，约有84%的人给与了该公司股票买入评级，而标准普尔500指数成份股的平均买入评级比率约为55% 。蔚来汽车股票的平均目标价约为59美元，略低于两倍的近期价格。Erica Chen还给与了小鹏股票跑赢大盘评级。Erica Chen对小鹏和理想给出的目标价是针对两家公司在香港上市的股票，小鹏的目标价是221港元，按此计算，这意味着美国和香港投资者的股价都将上涨约20%。Erica Chen的目标价比她的华尔街同行所预测的要保守一些。小鹏在美上市股票的平均目标价约为每股64美元，比近期水平高约38%。小鹏和蔚来一样受欢迎，追踪该公司的分析师中有85%将其评级定为买入。Erica Chen对理想的目标价为每股151港元，这意味着美国或香港投资者可能将获得约28%的涨幅。理想美股的平均目标价约为46.50美元，比近期水平高50%。理想是三只股票中最受分析师欢迎的一家，加上Erica Chen新的“买入”评级，目前约91%的分析师对理想股票的评级为“买入”。不过根据分析师的目标价和评级，投资这三只股票中的任何一只都不会出错。（文章来源：巴伦周刊）","news_type":1,"symbols_score_info":{"09868":1,"LI":0.6,"XPEV":1,"02015":1,"NIO":1}},"isVote":1,"tweetType":1,"viewCount":1973,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9001784039,"gmtCreate":1641333091457,"gmtModify":1676533597638,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9001784039","repostId":"1130666801","repostType":4,"repost":{"id":"1130666801","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1641311316,"share":"https://ttm.financial/m/news/1130666801?lang=en_US&edition=fundamental","pubTime":"2022-01-04 23:48","market":"us","language":"zh","title":"The decline of popular Chinese concept stocks continued to expand, with Pinduoduo falling more than 10%","url":"https://stock-news.laohu8.com/highlight/detail?id=1130666801","media":"老虎资讯综合","summary":"1月4日，热门中概股跌幅继续扩大，拼多多、万国数据、爱奇艺均大跌超10%，哔哩哔哩、雾芯科技跌超9%，贝壳跌超8%，理想汽车跌超7%、蔚来、小鹏汽车跌超5%","content":"<p><html><head></head><body>On January 4, the decline of popular Chinese concept stocks continued to expand.<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>、<a href=\"https://laohu8.com/S/GDS\">GDS</a>、<a href=\"https://laohu8.com/S/IQ\">IQiyi</a>Both fell more than 10%,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>, Wuxin Technology fell more than 9%,<a href=\"https://laohu8.com/S/BEKE\">Shells</a>Fell more than 8%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Fell more than 7%, Nio,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Fell more than 5%</p><p><img src=\"https://static.tigerbbs.com/1b919a829a5fda79d1cd6f944df3c2d9\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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The founder of BMW,<a href=\"https://laohu8.com/S/DLX\">Luxurious</a>Technical team, eager capital...</p><p><b>It was once recognized as a rebel to traditional car companies and has the most promise to challenge<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>The unicorn.</b></p><p>However, after several years of tossing, it was delayed in mass production and gradually disappeared. Until recently, BYTON has once again become the center of the topic, but this time it has been accompanied by successive \"bankruptcy\" news.</p><p><img src=\"https://static.tigerbbs.com/83b7b576a16032d6315fe95a961db2cd\" tg-width=\"686\" tg-height=\"485\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Compared with XPeng's ideal Nio, which has achieved mass production and successfully landed in the capital market, becoming the most promising new force in China to challenge Tesla, Byton's struggle on the brink of death is becoming more and more ridiculous.</p><p>BYTON, which obviously has no chance of winning, is still tossing about?</p><p><h3>1</h3><h3><b>Founded-Aura all over the body</b></h3>A deck of \"everything is ready, only the east wind is missing\" cards made BYTON play scrappy.</p><p>If we talk about the founding of BYTON, in fact, neither Breitfeld nor Dai Lei are the protagonists. The real boss behind the scenes is Feng Changge, a mysterious businessman.</p><p>Feng Changge was born in Henan in 1970, and went into business in 2002. He has been involved in many industries such as real estate and luxury car distribution. It was only in 2005 that I became attached to automobiles by selling BMW cars. In 2013<a href=\"https://laohu8.com/S/03836\">Harmony Automobile</a>It has been listed in Hong Kong and now has a market value of HK $5.8 billion.</p><p>In March 2014, because the company had business cooperation with Tesla, Feng Changge had the opportunity to meet with Musk. After coming into contact with the horse, he began to do<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The idea of electric vehicles, and then found Foxconn Terry Gou,<a href=\"https://laohu8.com/S/00700\">Tencent</a>Pony Ma has created harmony together<a href=\"https://laohu8.com/S/0HAH.UK\">Fortum</a>Partnerships. As the founder of BYTON, BMW vice president Breitfukang and Dongfeng British finidi general manager Dai Lei were persuaded by them to come for an interview.</p><p><img src=\"https://img3.gelonghui.com/8c4cb-b095360a-2822-4a29-86b9-1101d0bdc069.png\" tg-width=\"533\" tg-height=\"365\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>However, in 2016, differences broke out within Harmony Fortum. Foxconn and Tencent failed to inject capital successfully, and the project fell apart. On the contrary, Dai Lei and Breitfeld, who were persuaded by the invitation interview, were still very interested in this. Finally, they invested in FMC out of their own pockets and began to start a joint venture with founders.</p><p>And this seems to have laid the main tone of love rat's frequent appearance on the road to BYTON's creation.</p><p><b>In September 2017, BYTON's BYTON officially debuted with a top-streaming aura.</b>CEO Breitfeld is the father of BMW's \"i8\". President Dai Lei once served as the general manager of British finidi China, and Vice President of Design Ye Yuhuan once served as Vice President of Design at BMW. The staff is a group from<a href=\"https://laohu8.com/S/AAPL\">Apple</a>、<a href=\"https://laohu8.com/S/GOOG\">Google</a>, BMW, Ford and other companies.</p><p><img src=\"https://static.tigerbbs.com/3ab97d8fd71e8c3c8ac843c4bae66a6c\" tg-width=\"702\" tg-height=\"419\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>Teams that have been galloping in the global automotive industry for many years are superimposed<a href=\"https://laohu8.com/S/600617\">National New Energy</a>The trend of cars instantly attracted the attention of the market and many capitals, and directly promoted to the first echelon of new energy electric vehicle companies.</b></p><p>But his fate was ill-fated. As soon as BYTON started building cars, it caught up with the tightening of car-making qualifications in 2017. BYTON, which had no time to wait for approval, chose to cooperate with FAW. Not only did it accept US $260 million invested by FAW in the B round of financing to make it a major shareholder, but it also subsequently accepted 100% equity of Huali Automobile to obtain passenger car production qualifications.</p><p>But in exchange, BYTON also assumed FAW Huali's debt of 800 million yuan and employee salary of 54.62 million yuan. This also paved the way for BYTON's subsequent debt crisis.</p><p>Since its establishment, BYTON Automobile has conducted six rounds of financing. In the first four rounds of financing alone, the capital scale has reached 8.4 billion yuan. In addition to FAW, the financing also includes Nanjing State-owned Assets Supervision and Administration Commission,<a href=\"https://laohu8.com/S/300750\">Ningde era</a>Wait for the boss.</p><p>Among the new car-making forces, although there is still a big gap in the amount of financing with Nio, WM Motor, XPeng and other car companies, it is not small compared with other new car companies.</p><p><h3>2</h3><h3><b>Falling down-loose piles</b></h3>After the financing was settled, BYTON had a smooth time.</p><p>In January 2018, at the International Consumer Electronics Show (CES) in Las Vegas, USA, BYTON released its first concept car \"BYTON Concept\", which is positioned as a luxury medium-sized SUV. This car has received widespread attention in the industry as soon as it was unveiled.</p><p>In April 2018, the trial workshop of BYTON's Nanjing factory was officially opened, and the trial prototype vehicle also rolled off the assembly line.</p><p>In June 2018, \"BYTON Night\" BYTON's second product: the K-Byte Concept concept car made its world debut. With its innovative design trend, cool human-computer interaction and internationally advanced electric vehicle platform development, it once again aroused extremely high attention and discussion.</p><p><b>At the same time, the management also publicly stated that the pre-production of BYTON's first mass-produced model will also be realized in the first half of 2019.</b></p><p><img src=\"https://static.tigerbbs.com/c4af5aeeb92ab5c306798a461f558b5c\" tg-width=\"802\" tg-height=\"518\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Qualifications, production lines, technology, funds... On the surface, BYTON is not bad in everything, just waiting for mass production.</p><p>However, waiting and waiting, what comes is the bad news that BYTON is falling apart.</p><p>In April 2019, BYTON coach Breitfeld actually appeared at the ICONIQ booth and announced his appointment as its CEO. The head of BYTON became co-founder Dai Lei.</p><p>This departure directly took away many heavyweights who followed Breitfeld to join the team, such as Chen Taiyu, vice president of automotive digital technology. After his departure, the most critical central gateway work almost completely stopped.</p><p>In addition, after Dai Lei took office, because he trusted foreigners more, the right to speak in different countries was obviously unfair. In terms of internal communication, there were many contradictions between various departments and superiors and subordinates, and even the electronic and electrical teams and the power system teams rarely communicated. This is unheard of in the field of car manufacturing.</p><p>In the second half of 2019, not only did the expected mass production not arrive, but the company became increasingly chaotic. The contradiction between the two soul figures also takes the company to the abyss.</p><p><img src=\"https://img3.gelonghui.com/0234e-c287e7e1-7dfc-4c55-9ca6-696b04fba6d3.png\" tg-width=\"768\" tg-height=\"535\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>The rebels of traditional car companies fled, and investors naturally lost interest in BYTON. In addition, capital's enthusiasm for new energy vehicles declined in 2019, and BYTON's progress was also difficult. The promised mass production was delayed from the beginning of the year to the end of the year. Failed to implement.</p><p>The C round of financing has been delayed, and the break of the capital chain not only delayed the launch of models, but also made the company's operations unsustainable and almost completely collapsed.</p><p>In April 2020, 50% of the employees of BYTON's U.S. branch were \"arranged to take vacation\"; At the end of May, the company's book funds were only over $1 million, and Dai Lei admitted that he owed 90 million wages to employees; On June 30, 2020, BYTON Motors announced the suspension of production; In July, BYTON was named by CCTV as \"burning 8.4 billion yuan to build a mass-produced car\"...</p><p>Not only that, BYTON is also burdened with huge debts, including the remaining arrears of 470 million yuan to FAW Xiali, factory construction project payment and equipment balance payment.</p><p><b>That year, the situation of new energy vehicle companies showed two completely opposite extremes. XPeng Ideal Nio has successfully stepped out of the circle and become the sought after god of new energy; And many PPT car manufacturers have been shown to the public, eliminated, merged, and bankrupt.</b></p><p><b>However, BYTON still pinned the hopes of the market and was named Hurun's Global Unicorn of the Year together with giants such as Ant and Kuaishou.</b></p><p>Sure enough, although BYTON is dead, it is still frozen. In January 2021, BYTON announced that with<a href=\"https://laohu8.com/S/HHPD.UK\">Hon Hai Group</a>The established MIH Electric Vehicle Alliance and Nanjing Economic and Technological Development Zone jointly signed a strategic cooperation framework agreement. Foxconn Technology and Honghua Advanced Teams will be stationed in Byton's Nanjing factory to assist Byton in achieving the goal of mass-producing new electric vehicles.</p><p>But there seems to be no further news about this cooperation later.</p><p>Combined with the news that the company was declared bankrupt one after another in June and July, it can be seen that FAW's intervention once again made Foxconn, the rescuer, useless, and it has planned to withdraw. FAW has taken over the management control of the company.</p><p>The rebels of traditional car companies are once again stuck on the edge of the cliff.</p><p>The two traditional car company bosses who founded BYTON, Breitfeld and Dai Lei, one became the CEO of FF, and the other joined<a href=\"https://laohu8.com/S/00708\">Evergrande Auto</a>Served as executive vice president, leaving BYTON dying.</p><p><h3>3</h3><h3><b>What's wrong?</b></h3>In fact, looking at the fundamentals of BYTON is still very good.</p><p>BYTON has a high brand recognition, with nearly completed mass-produced cars, a 50-inch large horizontal screen with first-class styling design, and a cooperation background with government and state-owned enterprises. More importantly, the brand-new Nanjing factory and production qualifications are genuine assets.</p><p>So where did BYTON go wrong?</p><p><b>In fact, BYTON failed to achieve the end of mass production because in every step of his development, he met people who were unkind.</b></p><p>First of all, the most obvious problem is insufficient money, that is, the founder's pot. Building cars is a waste of money. Nio once said that it is impossible to build cars without 20 billion. Evergrande, the latest entrant, also invested 40 billion in less than a year in building cars. However, BYTON's tight cash flow is not a waste of car manufacturing, but a problem of management and distribution.</p><p>BYTON's team is all from traditional car companies, and the founder Breitfeld's style is also accustomed to extravagance and waste, so it is very problematic to distribute money. The most famous thing is that 300 people in BYTON ate 50 million yuan of snacks, and the cost of a box of business cards is as high as 1,000 yuan, which is only a small amount of money; The choice of suppliers and cooperation must also be top-notch. Compared with Tesla, it is even more expensive to invest in production line equipment and development. Dai Lei, president of BYTON, once proudly declared: \"BYTON is different from other Internet car manufacturers. Different, we will not choose OEM, we have to build our own factory to build cars.\" So just acquiring qualifications will inexplicably add 850 million yuan in debt; The global production base in Nanjing covers an area of 1,200 mu, with a total investment of more than 11 billion yuan.</p><p>All the money is spent on these superficial efforts, and the technical barriers of car manufacturing have not been broken through. And funding is the most critical thing in building a car. If you only see the factory but not the progress of the prototype car and technology, the next step of financing will naturally not be settled. How can a founder with traditional car company thinking jump out of the shackles and start a business from scratch?</p><p><img src=\"https://static.tigerbbs.com/847ed221423ff3fafb632408d1723b3f\" tg-width=\"562\" tg-height=\"540\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Second, there are technical issues. Although the ultra-large screen and technology announced by BYTON have always been far ahead of others, in fact, they are all empty talk on paper. Technology can't fall to the ground, then<a href=\"https://laohu8.com/S/BJZ.SI\">Tall</a>It doesn't work on it. Looking at Nio's success, you can feel that although the first car does have many shortcomings, once the car is made, the improvement and upgrade will be faster. Looking at BYTON again, we have not seen any results from beginning to end. Even the R&D personnel themselves said that some underlying technical foundations are missing, and there is no car at all in the end.</p><p><img src=\"https://static.tigerbbs.com/3ecaf10b00d9dfd69e0a789eec6a90c3\" tg-width=\"511\" tg-height=\"368\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>If the lack of money and technology is a common problem of new energy vehicles, then this year's disputes among shareholders are the last straw that crushed BYTON.</b></p><p>During CES in January 2020, BYTON had already established contact with Foxconn, hoping to cooperate. It was not until the fourth quarter of 2020 that Foxconn made up its mind to send people to Nanjing for due diligence. During this period, Foxconn not only cooperated with domestic and foreign car companies such as Geely and Fisker, but also revealed that it will build its own cars, which shows that it is very reliable.</p><p>From the effect point of view, Foxconn is indeed with technology and sincerity, cooperating and accepting hands, and sorting out and adjusting management, production lines and technology.</p><p>However, there is no room for two tigers in one mountain. Now FAW, as the major shareholder, suddenly made a move and took back control, which has made it clear that it cannot tolerate Foxconn. The shackles in the management of state-owned enterprises are vividly manifested in this. First of all, it is impossible to delegate power to Foxconn, and secondly, it is impossible to completely exclude itself from saving BYTON. Therefore, it is better to lose one thousand to hurt eight hundred to the enemy.</p><p>Previously, after Breitfeld left BYTON, he also told the US media that he didn't think so much when accepting FAW's investment, and then he discovered the problems caused by excessive intervention. No matter what is right or wrong, in the whole fate of BYTON, the major shareholders must be to blame.</p><p>Now, the moment before BYTON was saved, it collapsed again, which is enough to explain some problems.</p><p><img src=\"https://static.tigerbbs.com/162153c1b8664ca0f3b716d51a69d4f7\" tg-width=\"493\" tg-height=\"317\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>For<a href=\"https://laohu8.com/S/V03.SI\">Startups</a>In other words, it is not the company that you invest in but the people<b>。 Nowadays, BYTON's qualifications are not bad but capital is unwilling to invest, not only because of mass production and debt problems, but also because the company does not have the leadership of a soul figure</b>, just like Musk was voted for Tesla, Li Xiang was voted for Ideal, and even Faraday Future was voted for Jia Yueting. Look at BYTON, how can he win capital?</p><p>Many people say that the mass production of M-Byte is just a step away from the door, but is this really the case?</p><p>Not necessarily. If it's just a matter of funds, I believe that the capital that has burned so much real money will not be from ruin.</p><p><h3>4</h3><h3><b>History repeats itself</b></h3>The story of the new car-making forces talking on paper, with loud thunder and little rain, and the last chicken feathers has long been commonplace to people in the automotive industry. It is well known that the new energy vehicle industry is full of bubbles.</p><p>However, history is always repeated in reincarnation, and everything is so familiar.</p><p>In 2013, the new energy vehicle track was hot, and capital poured in. However, in 2018, government subsidies declined, triggering a large-scale thunderstorm in the industry, resulting in numerous casualties; In 2020, new energy car companies exploded again. Tesla and the Three Musketeers stood out from the encirclement, and the surge in mass production brought about a new energy carnival. However, most car companies fell before dawn; At the beginning of 2021, subsidies continued to decline, blind investment and illegal construction were strictly supervised, accelerating the survival of the fittest, and eliminating and bankrupting a large number of companies.</p><p>However, the industry has ups and downs. After each bubble squeeze, a new batch of players will flock to it, as if failure had never happened.</p><p><img src=\"https://static.tigerbbs.com/a73233407000a8c88b8ce4cac7c458c8\" tg-width=\"489\" tg-height=\"324\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Recently, new energy has become hot again, and the entire industry chain has once again attracted the attention of investors. Not only did the sales of new energy vehicles continue to exceed expectations, but power batteries, as the \"crown jewel\" of new energy vehicles, also continued to be implemented. The production and sales of new energy vehicles both exceeded 1.2 million units, a year-on-year increase of 200%.</p><p><img src=\"https://static.tigerbbs.com/9096f8ae928e38d8128bb621423185e8\" tg-width=\"1001\" tg-height=\"716\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>As a result, capital has once again enthusiastically chased the hot spots of new energy vehicles, and Internet technology giants have stopped building cars one after another. Coupled with the continuous advancement of \"carbon neutrality\", there is a lot of room for new energy vehicles to tell stories, and they must continue to tell them.</b></p><p>Under the fire, BYTON's bankruptcy is like a basin of cold water, reminding people of the bubble that once went bankrupt. However, the development of an emerging industry is like this. Many players are moved by the wind and enter the game one after another, with ups and downs. Capital is in the mood of killing mistakes rather than letting them go.</p><p>In fact, whether it is the new technology giants or the new car-making forces that have successfully mass-produced, they may not be safe at present. What goes bankrupt now is a batch that cannot be mass-produced. What about the next stage? After the technology matures, it will be fully popularized. When all car companies have the energy to produce, what is the next standard for clearing? Whatever it is, the danger of all players still on the track being eliminated is great.</p><p><b>Facing the cycle and the bubble, it does not mean that all the car companies that died before dawn are not seriously building cars. It can only be said that an industry is worthy of awe, and the bubbles that are squeezed out are the market's promotion of the industry in the pursuit of interests. The necessity of development.</b></p><p>Just like BYTON, even if he stood up again, it would be too late. The central control screen and intelligence that we were once proud of are no longer special, and mass production has been left far behind. It can only be said that one step is wrong and one step is lost. Struggling is meaningless, and being rescued can't take any advantage.</p><p><h3>5</h3><h3><b>Epilogue</b></h3>On July 18, 2021, BYTON said in an interview with the media: \"Strive to achieve mass production of the first SUV model M-Byte in the first quarter of 2022.\"</p><p>Do you believe this answer?</p><p>I don't believe it anyway.</p><p>After all, when its creditors choose to file for bankruptcy, when its employees choose to leave, when its executives choose to leave, and when its partners choose to quit, everything is doomed.</p><p>To start a business, from scratch, from small to large, to a certain extent, it can be said that the ground is full of thorns and a narrow escape. For a long time in the past, the investment and entrepreneurial circles liked to talk about the outlet, but the fact is that even if you catch the right outlet, you may not necessarily succeed. There are definitely many more cases of rollover than successful cases.</p><p>The reason is very simple. In a crazy track that no one has yet understood, there are many more people who cheat and take the opportunity to cut leeks than those who calm down and do things in a down-to-earth manner.</p><p>BYTON is about to fall, but looking back at its journey, it has attracted enough attention by catching up with big capital parties, introducing traffic star managers, various concept models and promotional routines, but it has been delayed in mass production. All this is somewhat indescribable familiarity, as if it was deliberately arranged, which can't help but remind people of the vigorous PPT car-making wave a few years ago.</p><p>BYTON, not the first, and certainly not the last.</p>","source":"gelonghui_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BYTON's bankruptcy once again poured cold water on the new energy vehicle track</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBYTON's bankruptcy once again poured cold water on the new energy vehicle track\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">格隆汇</strong><span class=\"h-time small\">2021-07-21 23:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p>When it comes to the first batch of leading players in new energy vehicles, in addition to the \"Three Musketeers\" XPeng Ideal<a href=\"https://laohu8.com/S/NIO\">Nio</a>Besides, BYTON must be one.</p><p>Because since its establishment, BYTON has won all kinds of top-level auras. The founder of BMW,<a href=\"https://laohu8.com/S/DLX\">Luxurious</a>Technical team, eager capital...</p><p><b>It was once recognized as a rebel to traditional car companies and has the most promise to challenge<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>The unicorn.</b></p><p>However, after several years of tossing, it was delayed in mass production and gradually disappeared. Until recently, BYTON has once again become the center of the topic, but this time it has been accompanied by successive \"bankruptcy\" news.</p><p><img src=\"https://static.tigerbbs.com/83b7b576a16032d6315fe95a961db2cd\" tg-width=\"686\" tg-height=\"485\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Compared with XPeng's ideal Nio, which has achieved mass production and successfully landed in the capital market, becoming the most promising new force in China to challenge Tesla, Byton's struggle on the brink of death is becoming more and more ridiculous.</p><p>BYTON, which obviously has no chance of winning, is still tossing about?</p><p><h3>1</h3><h3><b>Founded-Aura all over the body</b></h3>A deck of \"everything is ready, only the east wind is missing\" cards made BYTON play scrappy.</p><p>If we talk about the founding of BYTON, in fact, neither Breitfeld nor Dai Lei are the protagonists. The real boss behind the scenes is Feng Changge, a mysterious businessman.</p><p>Feng Changge was born in Henan in 1970, and went into business in 2002. He has been involved in many industries such as real estate and luxury car distribution. It was only in 2005 that I became attached to automobiles by selling BMW cars. In 2013<a href=\"https://laohu8.com/S/03836\">Harmony Automobile</a>It has been listed in Hong Kong and now has a market value of HK $5.8 billion.</p><p>In March 2014, because the company had business cooperation with Tesla, Feng Changge had the opportunity to meet with Musk. After coming into contact with the horse, he began to do<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The idea of electric vehicles, and then found Foxconn Terry Gou,<a href=\"https://laohu8.com/S/00700\">Tencent</a>Pony Ma has created harmony together<a href=\"https://laohu8.com/S/0HAH.UK\">Fortum</a>Partnerships. As the founder of BYTON, BMW vice president Breitfukang and Dongfeng British finidi general manager Dai Lei were persuaded by them to come for an interview.</p><p><img src=\"https://img3.gelonghui.com/8c4cb-b095360a-2822-4a29-86b9-1101d0bdc069.png\" tg-width=\"533\" tg-height=\"365\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>However, in 2016, differences broke out within Harmony Fortum. Foxconn and Tencent failed to inject capital successfully, and the project fell apart. On the contrary, Dai Lei and Breitfeld, who were persuaded by the invitation interview, were still very interested in this. Finally, they invested in FMC out of their own pockets and began to start a joint venture with founders.</p><p>And this seems to have laid the main tone of love rat's frequent appearance on the road to BYTON's creation.</p><p><b>In September 2017, BYTON's BYTON officially debuted with a top-streaming aura.</b>CEO Breitfeld is the father of BMW's \"i8\". President Dai Lei once served as the general manager of British finidi China, and Vice President of Design Ye Yuhuan once served as Vice President of Design at BMW. The staff is a group from<a href=\"https://laohu8.com/S/AAPL\">Apple</a>、<a href=\"https://laohu8.com/S/GOOG\">Google</a>, BMW, Ford and other companies.</p><p><img src=\"https://static.tigerbbs.com/3ab97d8fd71e8c3c8ac843c4bae66a6c\" tg-width=\"702\" tg-height=\"419\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>Teams that have been galloping in the global automotive industry for many years are superimposed<a href=\"https://laohu8.com/S/600617\">National New Energy</a>The trend of cars instantly attracted the attention of the market and many capitals, and directly promoted to the first echelon of new energy electric vehicle companies.</b></p><p>But his fate was ill-fated. As soon as BYTON started building cars, it caught up with the tightening of car-making qualifications in 2017. BYTON, which had no time to wait for approval, chose to cooperate with FAW. Not only did it accept US $260 million invested by FAW in the B round of financing to make it a major shareholder, but it also subsequently accepted 100% equity of Huali Automobile to obtain passenger car production qualifications.</p><p>But in exchange, BYTON also assumed FAW Huali's debt of 800 million yuan and employee salary of 54.62 million yuan. This also paved the way for BYTON's subsequent debt crisis.</p><p>Since its establishment, BYTON Automobile has conducted six rounds of financing. In the first four rounds of financing alone, the capital scale has reached 8.4 billion yuan. In addition to FAW, the financing also includes Nanjing State-owned Assets Supervision and Administration Commission,<a href=\"https://laohu8.com/S/300750\">Ningde era</a>Wait for the boss.</p><p>Among the new car-making forces, although there is still a big gap in the amount of financing with Nio, WM Motor, XPeng and other car companies, it is not small compared with other new car companies.</p><p><h3>2</h3><h3><b>Falling down-loose piles</b></h3>After the financing was settled, BYTON had a smooth time.</p><p>In January 2018, at the International Consumer Electronics Show (CES) in Las Vegas, USA, BYTON released its first concept car \"BYTON Concept\", which is positioned as a luxury medium-sized SUV. This car has received widespread attention in the industry as soon as it was unveiled.</p><p>In April 2018, the trial workshop of BYTON's Nanjing factory was officially opened, and the trial prototype vehicle also rolled off the assembly line.</p><p>In June 2018, \"BYTON Night\" BYTON's second product: the K-Byte Concept concept car made its world debut. With its innovative design trend, cool human-computer interaction and internationally advanced electric vehicle platform development, it once again aroused extremely high attention and discussion.</p><p><b>At the same time, the management also publicly stated that the pre-production of BYTON's first mass-produced model will also be realized in the first half of 2019.</b></p><p><img src=\"https://static.tigerbbs.com/c4af5aeeb92ab5c306798a461f558b5c\" tg-width=\"802\" tg-height=\"518\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Qualifications, production lines, technology, funds... On the surface, BYTON is not bad in everything, just waiting for mass production.</p><p>However, waiting and waiting, what comes is the bad news that BYTON is falling apart.</p><p>In April 2019, BYTON coach Breitfeld actually appeared at the ICONIQ booth and announced his appointment as its CEO. The head of BYTON became co-founder Dai Lei.</p><p>This departure directly took away many heavyweights who followed Breitfeld to join the team, such as Chen Taiyu, vice president of automotive digital technology. After his departure, the most critical central gateway work almost completely stopped.</p><p>In addition, after Dai Lei took office, because he trusted foreigners more, the right to speak in different countries was obviously unfair. In terms of internal communication, there were many contradictions between various departments and superiors and subordinates, and even the electronic and electrical teams and the power system teams rarely communicated. This is unheard of in the field of car manufacturing.</p><p>In the second half of 2019, not only did the expected mass production not arrive, but the company became increasingly chaotic. The contradiction between the two soul figures also takes the company to the abyss.</p><p><img src=\"https://img3.gelonghui.com/0234e-c287e7e1-7dfc-4c55-9ca6-696b04fba6d3.png\" tg-width=\"768\" tg-height=\"535\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>The rebels of traditional car companies fled, and investors naturally lost interest in BYTON. In addition, capital's enthusiasm for new energy vehicles declined in 2019, and BYTON's progress was also difficult. The promised mass production was delayed from the beginning of the year to the end of the year. Failed to implement.</p><p>The C round of financing has been delayed, and the break of the capital chain not only delayed the launch of models, but also made the company's operations unsustainable and almost completely collapsed.</p><p>In April 2020, 50% of the employees of BYTON's U.S. branch were \"arranged to take vacation\"; At the end of May, the company's book funds were only over $1 million, and Dai Lei admitted that he owed 90 million wages to employees; On June 30, 2020, BYTON Motors announced the suspension of production; In July, BYTON was named by CCTV as \"burning 8.4 billion yuan to build a mass-produced car\"...</p><p>Not only that, BYTON is also burdened with huge debts, including the remaining arrears of 470 million yuan to FAW Xiali, factory construction project payment and equipment balance payment.</p><p><b>That year, the situation of new energy vehicle companies showed two completely opposite extremes. XPeng Ideal Nio has successfully stepped out of the circle and become the sought after god of new energy; And many PPT car manufacturers have been shown to the public, eliminated, merged, and bankrupt.</b></p><p><b>However, BYTON still pinned the hopes of the market and was named Hurun's Global Unicorn of the Year together with giants such as Ant and Kuaishou.</b></p><p>Sure enough, although BYTON is dead, it is still frozen. In January 2021, BYTON announced that with<a href=\"https://laohu8.com/S/HHPD.UK\">Hon Hai Group</a>The established MIH Electric Vehicle Alliance and Nanjing Economic and Technological Development Zone jointly signed a strategic cooperation framework agreement. Foxconn Technology and Honghua Advanced Teams will be stationed in Byton's Nanjing factory to assist Byton in achieving the goal of mass-producing new electric vehicles.</p><p>But there seems to be no further news about this cooperation later.</p><p>Combined with the news that the company was declared bankrupt one after another in June and July, it can be seen that FAW's intervention once again made Foxconn, the rescuer, useless, and it has planned to withdraw. FAW has taken over the management control of the company.</p><p>The rebels of traditional car companies are once again stuck on the edge of the cliff.</p><p>The two traditional car company bosses who founded BYTON, Breitfeld and Dai Lei, one became the CEO of FF, and the other joined<a href=\"https://laohu8.com/S/00708\">Evergrande Auto</a>Served as executive vice president, leaving BYTON dying.</p><p><h3>3</h3><h3><b>What's wrong?</b></h3>In fact, looking at the fundamentals of BYTON is still very good.</p><p>BYTON has a high brand recognition, with nearly completed mass-produced cars, a 50-inch large horizontal screen with first-class styling design, and a cooperation background with government and state-owned enterprises. More importantly, the brand-new Nanjing factory and production qualifications are genuine assets.</p><p>So where did BYTON go wrong?</p><p><b>In fact, BYTON failed to achieve the end of mass production because in every step of his development, he met people who were unkind.</b></p><p>First of all, the most obvious problem is insufficient money, that is, the founder's pot. Building cars is a waste of money. Nio once said that it is impossible to build cars without 20 billion. Evergrande, the latest entrant, also invested 40 billion in less than a year in building cars. However, BYTON's tight cash flow is not a waste of car manufacturing, but a problem of management and distribution.</p><p>BYTON's team is all from traditional car companies, and the founder Breitfeld's style is also accustomed to extravagance and waste, so it is very problematic to distribute money. The most famous thing is that 300 people in BYTON ate 50 million yuan of snacks, and the cost of a box of business cards is as high as 1,000 yuan, which is only a small amount of money; The choice of suppliers and cooperation must also be top-notch. Compared with Tesla, it is even more expensive to invest in production line equipment and development. Dai Lei, president of BYTON, once proudly declared: \"BYTON is different from other Internet car manufacturers. Different, we will not choose OEM, we have to build our own factory to build cars.\" So just acquiring qualifications will inexplicably add 850 million yuan in debt; The global production base in Nanjing covers an area of 1,200 mu, with a total investment of more than 11 billion yuan.</p><p>All the money is spent on these superficial efforts, and the technical barriers of car manufacturing have not been broken through. And funding is the most critical thing in building a car. If you only see the factory but not the progress of the prototype car and technology, the next step of financing will naturally not be settled. How can a founder with traditional car company thinking jump out of the shackles and start a business from scratch?</p><p><img src=\"https://static.tigerbbs.com/847ed221423ff3fafb632408d1723b3f\" tg-width=\"562\" tg-height=\"540\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Second, there are technical issues. Although the ultra-large screen and technology announced by BYTON have always been far ahead of others, in fact, they are all empty talk on paper. Technology can't fall to the ground, then<a href=\"https://laohu8.com/S/BJZ.SI\">Tall</a>It doesn't work on it. Looking at Nio's success, you can feel that although the first car does have many shortcomings, once the car is made, the improvement and upgrade will be faster. Looking at BYTON again, we have not seen any results from beginning to end. Even the R&D personnel themselves said that some underlying technical foundations are missing, and there is no car at all in the end.</p><p><img src=\"https://static.tigerbbs.com/3ecaf10b00d9dfd69e0a789eec6a90c3\" tg-width=\"511\" tg-height=\"368\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>If the lack of money and technology is a common problem of new energy vehicles, then this year's disputes among shareholders are the last straw that crushed BYTON.</b></p><p>During CES in January 2020, BYTON had already established contact with Foxconn, hoping to cooperate. It was not until the fourth quarter of 2020 that Foxconn made up its mind to send people to Nanjing for due diligence. During this period, Foxconn not only cooperated with domestic and foreign car companies such as Geely and Fisker, but also revealed that it will build its own cars, which shows that it is very reliable.</p><p>From the effect point of view, Foxconn is indeed with technology and sincerity, cooperating and accepting hands, and sorting out and adjusting management, production lines and technology.</p><p>However, there is no room for two tigers in one mountain. Now FAW, as the major shareholder, suddenly made a move and took back control, which has made it clear that it cannot tolerate Foxconn. The shackles in the management of state-owned enterprises are vividly manifested in this. First of all, it is impossible to delegate power to Foxconn, and secondly, it is impossible to completely exclude itself from saving BYTON. Therefore, it is better to lose one thousand to hurt eight hundred to the enemy.</p><p>Previously, after Breitfeld left BYTON, he also told the US media that he didn't think so much when accepting FAW's investment, and then he discovered the problems caused by excessive intervention. No matter what is right or wrong, in the whole fate of BYTON, the major shareholders must be to blame.</p><p>Now, the moment before BYTON was saved, it collapsed again, which is enough to explain some problems.</p><p><img src=\"https://static.tigerbbs.com/162153c1b8664ca0f3b716d51a69d4f7\" tg-width=\"493\" tg-height=\"317\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>For<a href=\"https://laohu8.com/S/V03.SI\">Startups</a>In other words, it is not the company that you invest in but the people<b>。 Nowadays, BYTON's qualifications are not bad but capital is unwilling to invest, not only because of mass production and debt problems, but also because the company does not have the leadership of a soul figure</b>, just like Musk was voted for Tesla, Li Xiang was voted for Ideal, and even Faraday Future was voted for Jia Yueting. Look at BYTON, how can he win capital?</p><p>Many people say that the mass production of M-Byte is just a step away from the door, but is this really the case?</p><p>Not necessarily. If it's just a matter of funds, I believe that the capital that has burned so much real money will not be from ruin.</p><p><h3>4</h3><h3><b>History repeats itself</b></h3>The story of the new car-making forces talking on paper, with loud thunder and little rain, and the last chicken feathers has long been commonplace to people in the automotive industry. It is well known that the new energy vehicle industry is full of bubbles.</p><p>However, history is always repeated in reincarnation, and everything is so familiar.</p><p>In 2013, the new energy vehicle track was hot, and capital poured in. However, in 2018, government subsidies declined, triggering a large-scale thunderstorm in the industry, resulting in numerous casualties; In 2020, new energy car companies exploded again. Tesla and the Three Musketeers stood out from the encirclement, and the surge in mass production brought about a new energy carnival. However, most car companies fell before dawn; At the beginning of 2021, subsidies continued to decline, blind investment and illegal construction were strictly supervised, accelerating the survival of the fittest, and eliminating and bankrupting a large number of companies.</p><p>However, the industry has ups and downs. After each bubble squeeze, a new batch of players will flock to it, as if failure had never happened.</p><p><img src=\"https://static.tigerbbs.com/a73233407000a8c88b8ce4cac7c458c8\" tg-width=\"489\" tg-height=\"324\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Recently, new energy has become hot again, and the entire industry chain has once again attracted the attention of investors. Not only did the sales of new energy vehicles continue to exceed expectations, but power batteries, as the \"crown jewel\" of new energy vehicles, also continued to be implemented. The production and sales of new energy vehicles both exceeded 1.2 million units, a year-on-year increase of 200%.</p><p><img src=\"https://static.tigerbbs.com/9096f8ae928e38d8128bb621423185e8\" tg-width=\"1001\" tg-height=\"716\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>As a result, capital has once again enthusiastically chased the hot spots of new energy vehicles, and Internet technology giants have stopped building cars one after another. Coupled with the continuous advancement of \"carbon neutrality\", there is a lot of room for new energy vehicles to tell stories, and they must continue to tell them.</b></p><p>Under the fire, BYTON's bankruptcy is like a basin of cold water, reminding people of the bubble that once went bankrupt. However, the development of an emerging industry is like this. Many players are moved by the wind and enter the game one after another, with ups and downs. Capital is in the mood of killing mistakes rather than letting them go.</p><p>In fact, whether it is the new technology giants or the new car-making forces that have successfully mass-produced, they may not be safe at present. What goes bankrupt now is a batch that cannot be mass-produced. What about the next stage? After the technology matures, it will be fully popularized. When all car companies have the energy to produce, what is the next standard for clearing? Whatever it is, the danger of all players still on the track being eliminated is great.</p><p><b>Facing the cycle and the bubble, it does not mean that all the car companies that died before dawn are not seriously building cars. It can only be said that an industry is worthy of awe, and the bubbles that are squeezed out are the market's promotion of the industry in the pursuit of interests. The necessity of development.</b></p><p>Just like BYTON, even if he stood up again, it would be too late. The central control screen and intelligence that we were once proud of are no longer special, and mass production has been left far behind. It can only be said that one step is wrong and one step is lost. Struggling is meaningless, and being rescued can't take any advantage.</p><p><h3>5</h3><h3><b>Epilogue</b></h3>On July 18, 2021, BYTON said in an interview with the media: \"Strive to achieve mass production of the first SUV model M-Byte in the first quarter of 2022.\"</p><p>Do you believe this answer?</p><p>I don't believe it anyway.</p><p>After all, when its creditors choose to file for bankruptcy, when its employees choose to leave, when its executives choose to leave, and when its partners choose to quit, everything is doomed.</p><p>To start a business, from scratch, from small to large, to a certain extent, it can be said that the ground is full of thorns and a narrow escape. For a long time in the past, the investment and entrepreneurial circles liked to talk about the outlet, but the fact is that even if you catch the right outlet, you may not necessarily succeed. There are definitely many more cases of rollover than successful cases.</p><p>The reason is very simple. In a crazy track that no one has yet understood, there are many more people who cheat and take the opportunity to cut leeks than those who calm down and do things in a down-to-earth manner.</p><p>BYTON is about to fall, but looking back at its journey, it has attracted enough attention by catching up with big capital parties, introducing traffic star managers, various concept models and promotional routines, but it has been delayed in mass production. All this is somewhat indescribable familiarity, as if it was deliberately arranged, which can't help but remind people of the vigorous PPT car-making wave a few years ago.</p><p>BYTON, not the first, and certainly not the last.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.gelonghui.com/p/476854\">格隆汇</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c4af5aeeb92ab5c306798a461f558b5c","relate_stocks":{"LI":"理想汽车","XPEV":"小鹏汽车","NIO":"蔚来"},"source_url":"http://www.gelonghui.com/p/476854","is_english":false,"share_image_url":"https://static.laohu8.com/6b8fa6424aebe95f6781d04ef17a1852","article_id":"2153864685","content_text":"要说新能源车第一批的头部玩家，除了“三剑客”小鹏理想蔚来之外，拜腾一定算一个。\n因为自创立起，拜腾就包揽了各种顶流光环，宝马的创始人、豪华的技术团队、趋之若鹜的资本……\n它曾被公认为是传统车企的叛逆者，最有希望挑战特斯拉的独角兽。\n然而折腾了几年，却迟迟未能量产，逐渐销声匿迹。直到最近，拜腾再次成为话题的中心，而这次伴随它的却已变成了接连“被破产”的新闻。\n\n相比如今小鹏理想蔚来都已实现量产，并顺利登陆资本市场，成为国内最有希望挑战特斯拉的新势力，拜腾却在死亡边缘的挣扎显得越发可笑。\n明显没了胜算的拜腾，到底还在折腾什么？\n1\n创立——光环满身\n一副“万事俱备，只差东风”的牌，让拜腾打得稀烂。\n若说拜腾的创立，其实毕福康和戴雷都不是主角，真正幕后的大佬是一位神秘商人冯长革。\n冯长革1970年生于河南，2002年下海经商，先后涉足房地产、豪车经销等众多行业。2005年经销宝马汽车才与汽车结缘。2013年旗下和谐汽车已在香港上市，如今市值58亿港币。\n2014年3月，因公司与特斯拉有业务合作，所以冯长革有机会与马斯克会面。与马接触后，他开始产生做智能电动车的想法，随后找到富士康郭台铭、腾讯马化腾一起创造了和谐富腾合伙企业。而作为拜腾创始人的宝马副总裁毕福康和东风英菲尼迪总经理的戴雷都是被他们说服面试而来。\n\n不过2016年，和谐富腾内部爆发分歧，富士康、腾讯并未成功注资，项目也分崩离析。反而是因邀请面试而被说服的戴雷、毕福康对此仍有着极大兴趣，最后自掏腰包注资了FMC，开始转为创始人联合创业。\n而这似乎也奠定了拜腾创生之路上渣男频现的主基调。\n2017年9月，带着顶流光环的拜腾BYTON正式出道。CEO毕福康是宝马“i8之父”，总裁戴雷曾担任英菲尼迪中国总经理，设计副总裁叶禀焕曾在宝马担任设计副总裁。工作人员是一众来自苹果、谷歌、宝马、福特等公司的人才。\n\n全球汽车界驰骋多年的团队叠加中国新能源车的风口，瞬间得到了市场和众多资本的关注，直接晋级新能源电动车企的第一梯队。\n不过命途多舛。拜腾刚开始造车就赶上了2017年中国对造车资质的收紧，没有时间等待审批的拜腾选择了与一汽合作。不仅在B轮融资中，接受了一汽投资的2.6亿美元使其成为大股东，更在随后接受了华利汽车100%股权获得乘用车生产资质。\n但作为交换条件，拜腾也承担了一汽华利8亿元的债务，以及5462万元的员工薪酬。这也为其后拜腾的债务危机埋下伏笔。\n创立以来，拜腾汽车先后进行了6轮融资。仅前四轮融资，资金规模已达84亿元人民币，融资中除了一汽，还包括南京国资委、宁德时代等大佬。\n在造车新势力中，虽然与蔚来、威马、小鹏等车企的融资额仍有较大差距，可与其他新势力车企相比，也不算少的了。\n2\n倒下——虱子满堆\n融资解决后，拜腾渡过了一小段顺利时光。\n2018年1月，美国拉斯维加斯国际消费电子展（CES）上，拜腾发布了首款概念车“BYTON Concept”，定位为豪华中型SUV，这款车一经亮相便受到业内广泛关注。\n2018年4月，拜腾的南京工厂试炼车间已正式启用，试制样车也下线。\n2018年6月，“拜腾之夜” 拜腾旗下第二款产品:K-Byte Concept概念车全球首秀，以创新设计风潮、酷炫人机交互和国际先进的电动车平台开发，再次引发了极高的关注和讨论。\n同时，管理层亦公开表示，拜腾首款量产车型的预生产也将在2019年上半年实现。\n\n资质、生产线、技术、资金……表面上看，拜腾样样不差，就等量产了。\n然而，等来等去，等来的是拜腾分崩离析的噩耗。\n2019年4月，拜腾主帅毕福康竟然出现在了艾康尼克（ICONIQ）展台，并宣布出任其CEO。拜腾的负责人变成了联合创始人戴雷。\n这一出走直接带走了很多追随毕福康加入团队的重量级人物，如汽车数字技术副总裁陈泰宇，他走后最关键的中央网关工作几乎完全停滞。\n此外，戴雷上位后，由于更信任外国人，不同国家话语权明显不公，在内部沟通上，各部门和上下级之间更是矛盾重重，甚至电子电器团队和动力系统团队很少交流，这在造车领域闻所未闻。\n2019年下半年，预期的量产不仅没有到来，公司也愈发混乱。两个灵魂人物的矛盾也带着公司走向深渊。\n\n传统车企的叛逆者出逃，投资人自然对拜腾没了兴趣，加上2019年资本对新能源车的热情下降，拜腾的进展也举步维艰，说好的量产从年初拖到年尾都未能实行。\nC轮融资迟迟不能到位，资金链的断裂不仅导致车型上市时间推迟，公司经营也难以为继，几乎彻底崩盘。\n2020年4月份，拜腾美国分公司有50%的员工被“安排休假”；5月底，公司账面资金只剩下100多万美元，戴雷承认拖欠员工工资9000万；2020年6月30日，拜腾汽车宣布停工停产；7月，拜腾被央视点名“烧光84亿造不出量产车”……\n不仅如此，拜腾还背负着巨额债务，对一汽夏利的4.7亿元剩余欠款，工厂建设工程款和设备尾款。\n那一年，新能源车企的境况呈现完全相反的两个极端。小鹏理想蔚来已成功出圈，成为众人追捧的新能源之神；而很多PPT造车被示众，淘汰的淘汰，合并的合并，破产的破产。\n不过，拜腾仍寄托了市场的希望，和蚂蚁、快手等巨头一起被评为胡润年度全球独角兽。\n果不其然，拜腾虽死未僵。2021年1月，拜腾宣布，与鸿海集团所成立的 MIH 电动车联盟、南京经济技术开发区共同签署战略合作框架协定，由富士康科技、鸿华先进派驻团队进驻Byton的南京工厂，协助Byton实现量产电动新车的目标。\n但此次合作后来似乎也没有进一步的消息。\n结合6、7月公司接连被宣布破产的消息可知，一汽的介入再次让拯救者富士康无用武之地，已有退出的打算，一汽已接管了公司的管理控制权。\n传统车企的叛逆者，再次卡在了悬崖边。\n当年创立拜腾的两位传统车企大佬毕福康和戴雷，却一个成了FF的首席执行官，另一个加盟了恒大汽车担任常务副总裁，留下了拜腾垂死挣扎。\n3\n究竟错哪了？\n其实，纵观拜腾的基本盘还是很可以的。\n拜腾的品牌认知度高，有接近完成的量产车、造型设计一流的50英寸大横屏以及政府国企的合作背景，更重要的是全新的南京工厂和生产资质是货真价实的资产。\n那么拜腾到底错哪了？\n其实，拜腾没能实现量产的结局，是因为在他每一步发展中，都遇人不淑。\n首先最明显是钱不够的问题，也就是创始人的锅。造车都是浪费钱的，蔚来曾经说没有200亿造不出来车，最新入局者恒大造车不到一年也扔进去了400亿。但是拜腾的现金流吃紧，并不是造车浪费的，而是管理分配问题。\n拜腾的团队全部是从传统车企而来，创始人毕福康风格也惯于奢侈浪费，在花钱上分配很有问题。最有名的莫过于拜腾的300人吃掉了5000万元的零食，一盒名片费用高达千元，这还只是小钱；选择的供应商、合作也要顶流，对标特斯拉，更耗资巨大的是在产线设备、开发投入，拜腾总裁戴雷曾高傲地宣称：“拜腾与其它的互联网造车企业不同，不会选择代工，我们要自建工厂造车。”于是光收购资质，就莫名多出了8.5亿元的债务；在南京的全球生产基地占地1200亩，总投资逾110亿元。\n钱都花在这些表面功夫上，造车的技术关迟迟没有突破。而资金就是造车最为关键的事情，只看到厂房没看到样车和技术的进度，下一步融资自然没有着落。试问一个带着传统车企思维的创始人，如何跳出桎梏，踏实的从头创业呢？\n\n其次是技术问题。虽然拜腾对外公布的超大屏、技术一直遥遥领先其他，但实际上，都是纸面上的空谈。技术落不了地，再高大上也没用。看看蔚来的成功可以感受到，虽然第一款车确实不足很多，但是车做出来了，改进和升级也就快了。再看拜腾，自始至终都没有看到成果，甚至研发人员自己都表示，有些底层技术基础是缺失的，造车造到最后根本没有车。\n\n如果说缺钱缺技术是新能源车的通病，那么今年股东之间的纷争就是压死拜腾的最后一根稻草了。\n2020年1月的CES期间，拜腾就已经和富士康建立联系，希望合作。直到2020年四季度，富士康才下定决心派人到南京尽调，在这期间富士康不仅先后与吉利、Fisker等国内外车企合作，更有消息曝出，将自己造车，说明很靠得住。\n从效果来看，富士康也确实是带着技术和诚意的，合作接受手，不管是对管理还是生产线和技术都进行了梳理和调整。\n不过一山不容二虎，如今作为大股东的一汽却突然出手，接回了控制权，已摆明了容不下富士康的。国企在管理上的桎梏在这其中表现的淋漓尽致，首先绝不可能对富士康放权，其次也不可能让自己完全排除在救活拜腾之外，因此宁可自损一千，也要伤敌八百。\n此前毕福康在出走拜腾后，也曾对美媒说，接受一汽的投资时没想那么多，之后才发现干预过多产生的问题。不管孰对孰错，拜腾的整个命运中，大股东必然难辞其咎。\n如今拜腾在被救活的前一刻，再次倒塌，也足以说明了一些问题。\n\n对于创业公司来说，投的不是公司而是人。如今拜腾资质不差资本却不愿投入，不仅是因为量产和债务问题，更难的是企业没有灵魂人物的带领，就好比投特斯拉投的是马斯克，理想投的是李想一样，甚至是法拉第未来投的也是贾跃亭，看看拜腾，靠什么赢得资本呢？\n很多人说，M-Byte的量产就差“临门一脚”，但真的是这样吗？\n必然不是。如果只是资金问题，相信烧了这么多真金白银的资本不会见死不救。\n4\n历史再次重演\n造车新势力纸上谈兵，雷声大雨点小，最后一地鸡毛的故事，对于汽车圈内的人士而言早已司空见惯。新能源车行业充满了泡沫，也是众所周知。\n然而历史永远是在轮回中不断的重复，一切都是那么熟悉。\n2013年新能源车赛道大热，资本蜂拥而至，然而2018政府补贴退坡，引发了行业大面积暴雷出清，死伤无数；2020年的新能源车企再次大爆发，特斯拉和三剑客突出重围，量产暴涨带起了新能源狂欢，然而更有大多数车企倒在了黎明前；2021年初补贴继续退坡，盲目投资、违规建设等被严格监管，加速优胜劣汰，又淘汰和破产了一大波企业。\n然而行业起起伏伏，每次泡沫挤压过后，都会有新一批玩家蜂拥而至，仿佛失败从未出现过。\n\n最近，新能源再次火热，整个产业链也再次受到了投资者关注。不仅新能源汽车销量持续超预期，动力电池作为新能源车“皇冠上的明珠”利好也不断落地，新能源汽车产销量双双超过120万辆，同比增长200%。\n\n于是资本也再度狂热追逐新能源汽车的热点，互联网科技巨头们纷纷下场造车，加上“碳中和”持续推进，新能源汽车讲故事的空间很大，而且还要继续讲。\n风风火火之下，拜腾的破产像是一盆冷水，让人们想起了曾经破产的泡沫。不过一个新兴行业的发展，就是如此，众多玩家闻风而动，相继入局，起起落落，资本本着宁杀错不放过的心情，前赴后继。\n其实，不管是新入局的科技巨头们，还是已经成功量产的造车新势力，目前都未必安全。现在倒闭的是不能实现量产的一批，那下一阶段呢？技术成熟后，必将全面普及，当所有车企都能量产后，下一个出清的标准是什么呢？不管是什么，所有还在赛道的玩家被淘汰的危机都很大。\n面对周期，面对泡沫，不是说所有死在黎明前的车企们都没有在认真造车，只能说一个行业值得敬畏，而被挤出的泡沫们，是市场在追逐利益中推动行业发展的必需品。\n就如拜腾一样，就算再站起来，也晚了。曾经引以为豪的中控屏、智能化已不具备特殊性，量产又被远远落下，只能说，一步错步步输。挣扎已毫无意义，被救活也占不到任何便宜。\n5\n尾声\n2021年7月18日，拜腾在面对采访媒体时说：“力争在2022年第一季度实现首款SUV车型M-Byte量产。”\n这个答案你信吗？\n反正我不信。\n毕竟在它的债权人选择申请破产时、在它的员工选择离职、高管选择出走时，在他的合作伙伴选择退出时，一切的结局就注定了。\n创立一家企业，从无到有，从小到大，某程度上可以说荆棘满地、九死一生。过去相当长的一段时间，投资界、创业界喜欢讲风口，但事实是，即使抓对了风口，也不见得一定能成事，翻车的案例，绝对比成功的案例多得多。\n原因很简单，在一个的疯狂且众人还未看明白的赛道里，坑蒙拐骗、趁机割韭菜的人，比静下心来踏实做事的人，多得多。\n拜腾要倒下了，但回看它的一路，搭上大资本方、引入流量明星经理人、各种概念车型和宣传套路赚足眼球，但就是迟迟不见量产，这一切，有几分说不出的熟悉，好像刻意安排，这不禁让人想起数年前那场轰轰烈烈的PPT造车潮。\n拜腾，不是第一个，也肯定不会是最后一个。","news_type":1,"symbols_score_info":{"NIO":0.9,"XPEV":0.9,"LI":0.9}},"isVote":1,"tweetType":1,"viewCount":2050,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149087120,"gmtCreate":1625694741060,"gmtModify":1703746413460,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/149087120","repostId":"2149390842","repostType":4,"repost":{"id":"2149390842","kind":"highlight","pubTimestamp":1625668450,"share":"https://ttm.financial/m/news/2149390842?lang=en_US&edition=fundamental","pubTime":"2021-07-07 22:34","market":"fut","language":"zh","title":"Oil prices plummet, UAE plans to unilaterally sell oil wildly","url":"https://stock-news.laohu8.com/highlight/detail?id=2149390842","media":"华尔街见闻","summary":"阿联酋制定了一项新战略：在需求枯竭之前尽可能多地出售原油。","content":"<p>In intraday trading on Wednesday, the main contract price of WTI crude oil futures plummeted.</p><p><img src=\"https://static.tigerbbs.com/cb2d1234c48fe0de6052894acce79f5f\" tg-width=\"1405\" tg-height=\"873\"></p><p>On the news, the US Dollar Index DXY broke through the previous high of 92.76, hitting a new high since April 6.</p><p>On the other hand, behind the deadlock within OPEC + over whether to increase oil production, a key cartel member, the United Arab Emirates, has formulated a new strategy:<b>Sell as much crude as you can before demand dries up.</b>The United Arab Emirates, the world's largest reserve of unexploited source oil, marks the most significant shift in its oil policy in history and is breaking with traditional ideas. After all, the government has said for many years that they are not worried about not finding a buyer for crude oil for a long time to come (thus breaking the sale).</p><p>On the supply side, the relevant parties of the Iranian nuclear deal began to hold several rounds of talks in Vienna in early April this year, and no consensus has been reached for three months. After the hardline representative Lacey was elected as the new president of Iran, his vigilance against the United States in the nuclear negotiations will only become stronger. The market has postponed the date of Iranian crude oil returning to the market many times. At present, the road is long and unpredictable. The breakdown of OPEC + negotiations means that the subsequent production increase plan has been stranded, which will further aggravate the global situation of tight crude oil supply;</p><p>On the demand side, global economic growth is expected to further accelerate, and the recovery pace of developed economies continues to lead that of emerging economies. The latest Global Economic Prospect report released by the World Bank raised the global economic growth forecast for 2021 from 4.1% to 5.6%. With the continuous advancement of vaccination and the reopening of the economy, the demand for road travel in Europe and the United States has been significantly released. Public transportation and travel to work in many countries have reached the highest level since the beginning of last year. Among them, the travel index of major economies in the euro zone is only about 10% lower than before the epidemic, and the travel activity index in the United States has dropped by 6.5% compared with before the epidemic. With the lifting of travel restrictions, aviation kerosene consumption has more room for growth than land transportation fuel demand. Goldman Sachs predicts that global demand will reach 96.9 million barrels per day in June and 99.23 million barrels per day in August, and the gap between crude oil supply and demand will further widen.</p><p>In terms of liquidity, the probability of large-scale changes in the monetary policy stance of major economies in the third quarter is low, and money market interest rates will remain low. Leading indicators of economic performance in Europe and the United States have fallen, and the market is worried that the economy may enter a cycle of stagflation or deflation. According to the \"Merrill Lynch Clock\" theory, the price of stagflation crude oil has performed well. As for the risk of deflation, we think it is not great on the whole.</p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil prices plummet, UAE plans to unilaterally sell oil wildly</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil prices plummet, UAE plans to unilaterally sell oil wildly\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-07-07 22:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p>In intraday trading on Wednesday, the main contract price of WTI crude oil futures plummeted.</p><p><img src=\"https://static.tigerbbs.com/cb2d1234c48fe0de6052894acce79f5f\" tg-width=\"1405\" tg-height=\"873\"></p><p>On the news, the US Dollar Index DXY broke through the previous high of 92.76, hitting a new high since April 6.</p><p>On the other hand, behind the deadlock within OPEC + over whether to increase oil production, a key cartel member, the United Arab Emirates, has formulated a new strategy:<b>Sell as much crude as you can before demand dries up.</b>The United Arab Emirates, the world's largest reserve of unexploited source oil, marks the most significant shift in its oil policy in history and is breaking with traditional ideas. After all, the government has said for many years that they are not worried about not finding a buyer for crude oil for a long time to come (thus breaking the sale).</p><p>On the supply side, the relevant parties of the Iranian nuclear deal began to hold several rounds of talks in Vienna in early April this year, and no consensus has been reached for three months. After the hardline representative Lacey was elected as the new president of Iran, his vigilance against the United States in the nuclear negotiations will only become stronger. The market has postponed the date of Iranian crude oil returning to the market many times. At present, the road is long and unpredictable. The breakdown of OPEC + negotiations means that the subsequent production increase plan has been stranded, which will further aggravate the global situation of tight crude oil supply;</p><p>On the demand side, global economic growth is expected to further accelerate, and the recovery pace of developed economies continues to lead that of emerging economies. The latest Global Economic Prospect report released by the World Bank raised the global economic growth forecast for 2021 from 4.1% to 5.6%. With the continuous advancement of vaccination and the reopening of the economy, the demand for road travel in Europe and the United States has been significantly released. Public transportation and travel to work in many countries have reached the highest level since the beginning of last year. Among them, the travel index of major economies in the euro zone is only about 10% lower than before the epidemic, and the travel activity index in the United States has dropped by 6.5% compared with before the epidemic. With the lifting of travel restrictions, aviation kerosene consumption has more room for growth than land transportation fuel demand. Goldman Sachs predicts that global demand will reach 96.9 million barrels per day in June and 99.23 million barrels per day in August, and the gap between crude oil supply and demand will further widen.</p><p>In terms of liquidity, the probability of large-scale changes in the monetary policy stance of major economies in the third quarter is low, and money market interest rates will remain low. Leading indicators of economic performance in Europe and the United States have fallen, and the market is worried that the economy may enter a cycle of stagflation or deflation. According to the \"Merrill Lynch Clock\" theory, the price of stagflation crude oil has performed well. As for the risk of deflation, we think it is not great on the whole.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3634829\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b40d7f90c920f8b2d2d6c0e89575a430","relate_stocks":{"USO":"美国原油ETF"},"source_url":"https://wallstreetcn.com/articles/3634829","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2149390842","content_text":"周三盘中，WTI原油期货主力合约价格直线下跌。\n\n消息面上，美元指数DXY突破前高92.76，创4月6日以来新高。\n另一方面，在OPEC+内部关于是否提高石油产量的僵局背后，一个关键的卡特尔成员——阿联酋制定了一项新战略：在需求枯竭之前尽可能多地出售原油。阿联酋是世界上最大的未开采源油储备国，该国的此项战略，标志着其石油政策正在发生历史上最显著的转变，并正在打破传统观念。毕竟多年来该国政府一直表示，他们并不担心在未来很长一段时间内找不到原油买家（从而击破出售）。\n供应方面，伊核协议相关方今年4月初开始在维也纳举行了多轮会谈，至今已持续三个月仍未达成共识。强硬派代表莱西当选伊朗新总统后，在核谈判中对美国的戒备心只会更加强烈。市场对伊朗原油回归市场的日期已经多次推迟，目前看道阻且长、前景难料。而OPEC+谈判破裂，意味着后续增产计划搁浅，将进一步加剧全球面临原油供应紧张的局面；\n需求方面，全球经济增长有望进一步提速，发达经济体复苏步伐继续领先新兴经济体。世界银行发布的最新一期《全球经济展望》报告，将2021年全球经济增长预期由4.1%上调至5.6%。随着疫苗接种的不断推进和经济的重新开放，欧美道路出行需求得到明显释放。许多国家的公共交通和上班出行都到了去年年初以来的最高水平，其中欧元区各大经济体出行指数仅较疫情前低10%左右，美国出行活动指数较疫情前下降了6.5%。随着出行限制的解除，航空煤油的消费相较于陆上交通燃料需求具有更大的上涨空间。高盛预计6月全球需求达到了9690万桶/天，8月份全球需求将达到9923万桶/天，原油供需缺口将进一步放大。\n流动性方面，三季度主要经济体货币政策立场发生大规模变化的概率较低，货币市场利率仍将保持低位运行态势。欧美经济运行领先指标回落，市场忧虑经济可能进入滞胀或通缩周期。按照“美林时钟”理论，滞涨期原油价格有不错的表现，至于通缩风险我们认为总体而言并不大。","news_type":1,"symbols_score_info":{"CLmain":0.9,"USO":0.9}},"isVote":1,"tweetType":1,"viewCount":2684,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149084162,"gmtCreate":1625694671756,"gmtModify":1703746412806,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/149084162","repostId":"1138737345","repostType":4,"isVote":1,"tweetType":1,"viewCount":1802,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149084325,"gmtCreate":1625694635667,"gmtModify":1703746413624,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/149084325","repostId":"2149367201","repostType":4,"repost":{"id":"2149367201","kind":"news","pubTimestamp":1625629870,"share":"https://ttm.financial/m/news/2149367201?lang=en_US&edition=fundamental","pubTime":"2021-07-07 11:51","market":"us","language":"zh","title":"The voice of the peak of the cycle is endless. Is it time to abandon high-valuation \"dream stocks\"?","url":"https://stock-news.laohu8.com/highlight/detail?id=2149367201","media":"智通财经","summary":"6月开始比较明显的变化是美国2年期债券收益率显著拉升，突破横盘了1年多的通道，随着短端收益率的变化，收益率曲线也出现了平坦化特征，在复苏中后段，股票、商品、短债表现出了同步回落的特征。\n未来如果大类资","content":"<p>The more obvious change since June is that the yield of 2-year bonds in the United States has risen significantly, breaking through the channel that has been sideways for more than a year. With the change of short-term yields, the yield curve has also flattened. In the middle and late stages of recovery, stocks, commodities, and short-term bonds showed the characteristics of simultaneous decline.</p><p>In the future, if major classes of assets continue to follow the characteristics of this stage, then risk assets may face medium-term adjustments. So, does this mean that this round of economic cycle has peaked?</p><p>Two months ago, Wall Street<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>The fund manager survey in May made a forward-looking response and concluded that economic expansion in the post-epidemic era has peaked, whether from the perspective of economic growth expectations, or combined with capital expenditure plans, inflation expectations, etc.</p><p><img src=\"https://static.tigerbbs.com/46bfaf0d47ea7cca18c1c370ccd708cc\" tg-width=\"500\" tg-height=\"301\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/06aa796f2b3c8520d767d8d73c1accce\" tg-width=\"500\" tg-height=\"301\" referrerpolicy=\"no-referrer\"></p><p>Of course, these forward-looking expectations need to be verified by some more convincing data. For example, the latest global manufacturing PMI data released recently has also peaked.</p><p>As Deutsche Bank analyst Frances Yared wrote, the global manufacturing PMI fell back to 56.8% in June. From a historical perspective, the PMI of 54 will still be at a very high level, so at this stage, the decline from the peak should be regarded as a correction after entering the mid-cycle. The peak PMI data clearly confirms that it is currently at the \"top of the cycle\", which can also be said to be the mid-cycle stage.</p><p><img src=\"https://static.tigerbbs.com/d7da994dc0c86da1ef8c6b2402a8e731\" tg-width=\"500\" tg-height=\"337\" referrerpolicy=\"no-referrer\"></p><p>In addition, the Asian manufacturing PMI fell by 0.8 percentage points from the previous month to 51.2% in June, falling month-on-month for two consecutive months, ending the operating range of about 52% for seven consecutive months and falling to around 51%.</p><p>The World Bank recently released a report predicting that the global economy will grow by 5.6% this year, the fastest growth rate in the past 50 years and the fastest post-recession growth rate in the past 80 years.</p><p>It is worth mentioning that<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>MichaelWilson has also been warning for months that the economic cycle is about to peak.</p><p>Bank of America also agrees with the view that the economic cycle has peaked, as Savita Subramanian, the bank's chief quantitative officer, wrote in a report, \"Historically, the cycle top range usually lasts for 12 months, and now we only have four months left. Therefore, the current phase can extend at least into the summer, and possibly beyond the summer.\"</p><p><img src=\"https://static.tigerbbs.com/15fea0a2f3b8a24b81f355926d7961e2\" tg-width=\"500\" tg-height=\"283\" referrerpolicy=\"no-referrer\"></p><p>What does this mean for investment?<b>The mid-cycle is usually accompanied by rising interest rates and capital expenditures, therefore, valuation metrics that reflect the company's value and profitability that reflects capital expenditures are important.</b></p><p>By analyzing bull market cycles over the past 40 years, Jim Paulsen of the Leuthold Group pointed out that while each bull market is different, the pattern followed is usually the same: a strong run at the beginning of the cycle, a period of hesitation lasting for a year or more, and then the trend reverses, and of course it may also be a crash, assuming there is no Fed bailout.</p><p>Describing the mid-term cycle, which he calls the revaluation phase, Paulsen pointed out that at this time, corporate performance continues to improve, but valuations become stretched and pressure on rising yields intensifies. In this case, the stock market will only turn within one year at most.</p><p>Generally, the signal of the peak of the cycle is: the valuation continues to rise, almost doubling from the bottom, and the company's performance and yield continue to improve.</p><p>For example, in 1982, as corporate profits and bond yields continued to decline, the stock market rebounded sharply. This was followed by a 15% correction in the S&P 500 in mid-1984, and the following year, earnings began to pick up and bond yields rose.</p><p>In 1992, corporate profits and yields declined as they entered the mid-1994 cycle, when the S&P index fell nearly 10% in early 1994 and remained flat until 1995.</p><p>A similar situation happened in 2004, when the P/E of the S&P 500 index dropped from 22 times at the end of 2003 to less than 17 times at the end of 2004.</p><p><img src=\"https://static.tigerbbs.com/e8d4e56d16398ae45a8c51e7f5c630e3\" tg-width=\"500\" tg-height=\"534\" referrerpolicy=\"no-referrer\"></p><p>Traditionally, when the boom enters the next stage, the performance of growth stocks and high-quality stocks (value stocks) usually switches. Generally, during the period of expansion and stabilization (now), growth stocks will outperform cyclical stocks. Cyclical stocks generally outperform during the initial economic recovery period.</p><p>In short, this cycle is not a normal cycle. The epidemic has caused the valuation of some growth stocks to be close to extreme. Therefore, at the current stage, we should focus on high-quality and high-profitability growth stocks, and some growth stocks can only be called \"Dream stocks\" or \"belief stocks\" may not be favored at this stage.</p>","source":"stock_zhitongcaijing","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The voice of the peak of the cycle is endless. Is it time to abandon high-valuation \"dream stocks\"?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe voice of the peak of the cycle is endless. Is it time to abandon high-valuation \"dream stocks\"?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经</strong><span class=\"h-time small\">2021-07-07 11:51</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The more obvious change since June is that the yield of 2-year bonds in the United States has risen significantly, breaking through the channel that has been sideways for more than a year. With the change of short-term yields, the yield curve has also flattened. In the middle and late stages of recovery, stocks, commodities, and short-term bonds showed the characteristics of simultaneous decline.</p><p>In the future, if major classes of assets continue to follow the characteristics of this stage, then risk assets may face medium-term adjustments. So, does this mean that this round of economic cycle has peaked?</p><p>Two months ago, Wall Street<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>The fund manager survey in May made a forward-looking response and concluded that economic expansion in the post-epidemic era has peaked, whether from the perspective of economic growth expectations, or combined with capital expenditure plans, inflation expectations, etc.</p><p><img src=\"https://static.tigerbbs.com/46bfaf0d47ea7cca18c1c370ccd708cc\" tg-width=\"500\" tg-height=\"301\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/06aa796f2b3c8520d767d8d73c1accce\" tg-width=\"500\" tg-height=\"301\" referrerpolicy=\"no-referrer\"></p><p>Of course, these forward-looking expectations need to be verified by some more convincing data. For example, the latest global manufacturing PMI data released recently has also peaked.</p><p>As Deutsche Bank analyst Frances Yared wrote, the global manufacturing PMI fell back to 56.8% in June. From a historical perspective, the PMI of 54 will still be at a very high level, so at this stage, the decline from the peak should be regarded as a correction after entering the mid-cycle. The peak PMI data clearly confirms that it is currently at the \"top of the cycle\", which can also be said to be the mid-cycle stage.</p><p><img src=\"https://static.tigerbbs.com/d7da994dc0c86da1ef8c6b2402a8e731\" tg-width=\"500\" tg-height=\"337\" referrerpolicy=\"no-referrer\"></p><p>In addition, the Asian manufacturing PMI fell by 0.8 percentage points from the previous month to 51.2% in June, falling month-on-month for two consecutive months, ending the operating range of about 52% for seven consecutive months and falling to around 51%.</p><p>The World Bank recently released a report predicting that the global economy will grow by 5.6% this year, the fastest growth rate in the past 50 years and the fastest post-recession growth rate in the past 80 years.</p><p>It is worth mentioning that<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>MichaelWilson has also been warning for months that the economic cycle is about to peak.</p><p>Bank of America also agrees with the view that the economic cycle has peaked, as Savita Subramanian, the bank's chief quantitative officer, wrote in a report, \"Historically, the cycle top range usually lasts for 12 months, and now we only have four months left. Therefore, the current phase can extend at least into the summer, and possibly beyond the summer.\"</p><p><img src=\"https://static.tigerbbs.com/15fea0a2f3b8a24b81f355926d7961e2\" tg-width=\"500\" tg-height=\"283\" referrerpolicy=\"no-referrer\"></p><p>What does this mean for investment?<b>The mid-cycle is usually accompanied by rising interest rates and capital expenditures, therefore, valuation metrics that reflect the company's value and profitability that reflects capital expenditures are important.</b></p><p>By analyzing bull market cycles over the past 40 years, Jim Paulsen of the Leuthold Group pointed out that while each bull market is different, the pattern followed is usually the same: a strong run at the beginning of the cycle, a period of hesitation lasting for a year or more, and then the trend reverses, and of course it may also be a crash, assuming there is no Fed bailout.</p><p>Describing the mid-term cycle, which he calls the revaluation phase, Paulsen pointed out that at this time, corporate performance continues to improve, but valuations become stretched and pressure on rising yields intensifies. In this case, the stock market will only turn within one year at most.</p><p>Generally, the signal of the peak of the cycle is: the valuation continues to rise, almost doubling from the bottom, and the company's performance and yield continue to improve.</p><p>For example, in 1982, as corporate profits and bond yields continued to decline, the stock market rebounded sharply. This was followed by a 15% correction in the S&P 500 in mid-1984, and the following year, earnings began to pick up and bond yields rose.</p><p>In 1992, corporate profits and yields declined as they entered the mid-1994 cycle, when the S&P index fell nearly 10% in early 1994 and remained flat until 1995.</p><p>A similar situation happened in 2004, when the P/E of the S&P 500 index dropped from 22 times at the end of 2003 to less than 17 times at the end of 2004.</p><p><img src=\"https://static.tigerbbs.com/e8d4e56d16398ae45a8c51e7f5c630e3\" tg-width=\"500\" tg-height=\"534\" referrerpolicy=\"no-referrer\"></p><p>Traditionally, when the boom enters the next stage, the performance of growth stocks and high-quality stocks (value stocks) usually switches. Generally, during the period of expansion and stabilization (now), growth stocks will outperform cyclical stocks. Cyclical stocks generally outperform during the initial economic recovery period.</p><p>In short, this cycle is not a normal cycle. The epidemic has caused the valuation of some growth stocks to be close to extreme. Therefore, at the current stage, we should focus on high-quality and high-profitability growth stocks, and some growth stocks can only be called \"Dream stocks\" or \"belief stocks\" may not be favored at this stage.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.zhitongcaijing.com/content/detail/508819.html\">智通财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/15e20574f8fb568333181d61bb200086","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SDS":"两倍做空标普500 ETF-ProShares","OEF":"标普100指数ETF-iShares","OEX":"标普100",".SPX":"S&P 500 Index","SH":"做空标普500-Proshares","UPRO":"三倍做多标普500ETF-ProShares","SPXU":"三倍做空标普500ETF-ProShares","IVV":"标普500ETF-iShares","SSO":"2倍做多标普500ETF-ProShares"},"source_url":"http://www.zhitongcaijing.com/content/detail/508819.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2149367201","content_text":"6月开始比较明显的变化是美国2年期债券收益率显著拉升，突破横盘了1年多的通道，随着短端收益率的变化，收益率曲线也出现了平坦化特征，在复苏中后段，股票、商品、短债表现出了同步回落的特征。\n未来如果大类资产仍顺着这一阶段特征持续演绎，那么风险资产或将面临中期调整，那么，这是否意味着此轮经济周期已经见顶呢?\n两个月前，华尔街对美国银行5月份的基金经理调查做出了前瞻性回应，并得出结论：无论从经济增长预期来看，还是结合资本支出计划、通胀预期等等，后疫情时代经济扩张已见顶。\n\n\n当然，这些前瞻性预期需要一些更有说服力的数据的验证，如近日最新公布的全球制造业PMI数据也已经见顶。\n正如德银分析师Frances Yared所写，6月全球制造业PMI回落至56.8%，从历史角度来看，PMI为54仍将处于非常高的水平，因此现阶段，从峰值开始的下跌应被视为进入周期中期后的修正。PMI峰值数据明确证实，目前正处于“周期顶部”，也可以说周期中期阶段。\n\n此外，6月亚洲制造业PMI较上月下降0.8个百分点至51.2%，连续2个月环比下降，结束了连续7个月52%左右的运行区间，降至51%附近。\n世界银行近期发布报告预计今年全球经济将增长5.6%，是近50年来最快涨速，也是近80年来最快的衰退后涨速。\n值得一提的是，摩根士丹利的迈克尔•威尔逊(MichaelWilson)几个月来也一直警告经济周期即将见顶。\n美国银行也同意经济周期见顶的观点，如该行首席量化官萨维塔•苏布拉曼尼亚(Savita Subramanian)的一份报告中写道，“历史上周期顶部区间通常会持续12个月，目前我们只剩下4个月了。因此，目前的阶段至少可以延续到夏季，并有可能延续到夏季以后。”\n\n这对投资意味着什么?周期中期通常伴随着利率和资本支出的上升，因此，反映公司价值的估值指标和反映资本支出的盈利能力非常重要。\nLeuthold Group的Jim Paulsen通过分析了过去40年的牛市周期指出，虽然每一个牛市都是不同的，但遵循的模式通常是相同的：即周期开始时的强劲运行，持续一年或更长时间的犹豫期，然后趋势发生逆转，当然也可能是崩盘，假设没有美联储的救助。\nPaulsen在描述中期周期(他称之为价值重估阶段)时指出，此时企业业绩继续改善，但估值变得捉襟见肘，收益率上升的压力加剧。在这种情况下，股市最多只能在一年内将发生转向。\n一般周期见顶的信号为：估值不断上升，几乎从谷底翻番，公司业绩和收益率都持续提高。\n如1982年，由于企业利润和债券收益率持续下降，股市出现大幅反弹。随后，标准普尔500指数在1984年中期出现了15%的回调，第二年，收益开始回升，债券收益率上升。\n1992年，企业利润和收益率在进入1994年中期周期时出现下滑，当时标普指数在1994年初下跌了近10%，并一直持平到1995年。\n类似的情况发生在2004年，当时标普500指数的市盈率从2003年末的22倍下降到2004年末的17倍以下。\n\n传统上，当景气迈入下一阶段时，成长股、高质量股票(价值股)通常表现会切换。一般在扩张和趋于稳定的时期(当下)，成长股会跑赢周期股。周期股一般在最初的经济复苏期跑赢。\n总之，这一轮周期并非正常的周期，疫情导致部分成长股的估值已接近极端，因此在当前的阶段，应聚焦高质量和高盈利能力的成长股，而一部分成长股只能被称为“梦想股”或“信仰股”，在这一阶段可能并不会受到青睐。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"SDS":0.9,"SSO":0.9,"SH":0.9,".SPX":0.9,"ESmain":0.9,"OEF":0.9,"OEX":0.9,"IVV":0.9,"SPXU":0.9,"UPRO":0.9}},"isVote":1,"tweetType":1,"viewCount":677,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149085882,"gmtCreate":1625694554046,"gmtModify":1703746411991,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/149085882","repostId":"2149360700","repostType":4,"isVote":1,"tweetType":1,"viewCount":952,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150244158,"gmtCreate":1624918406874,"gmtModify":1703847695546,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"666???","listText":"666???","text":"666???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150244158","repostId":"1186578125","repostType":4,"repost":{"id":"1186578125","kind":"news","pubTimestamp":1624879503,"share":"https://ttm.financial/m/news/1186578125?lang=en_US&edition=fundamental","pubTime":"2021-06-28 19:25","market":"hk","language":"zh","title":"Dalio's latest speech: The stock market is not necessarily in a bubble right now","url":"https://stock-news.laohu8.com/highlight/detail?id=1186578125","media":"人民币交易与研究","summary":"全球最大对冲基金桥水创始人达里奥6月24日连发两篇推文，介绍自己衡量泡沫的六项指标，并发布了一个10分钟的视频阐述自己对当下股市泡沫的看法。\n在这个应罗宾汉基金会要求解释股票泡沫的视频中，达里奥表示，","content":"<p>Dario, founder of Bridgewater, the world's largest hedge fund, sent two tweets on June 24th, introducing his six indicators for measuring bubbles, and released a 10-minute video to explain his views on the current stock market bubble.</p><p>In this video explaining the stock bubble at the request of the Robin Hood Foundation, Dalio said that while indicators show that some stocks are \"in a bubble\" right now, the stock market is not necessarily in a bubble right now.</p><p><img src=\"https://static.tigerbbs.com/ed46d81d71867f2d1eb8b3b9ad012779\" tg-width=\"532\" tg-height=\"720\" referrerpolicy=\"no-referrer\"></p><p>\"By bubble I mean unsustainable high prices, and I measure it with six metrics,\" Dalio wrote in a tweet, noting that investors need to pay attention to signs such as buyer leverage levels and the number of new buyers.</p><p>In fact, as early as mid-May, Dario shared his research on the stock market bubble in WeChat official account, detailing these six systematic \"bubble indicators\", including price, bullish sentiment, leverage, etc.:</p><p>1. How high is the price compared to traditional measures?</p><p>2. Do prices reflect unsustainable conditions?</p><p>3. How many new buyers (that is, people who were not in the market before) entered the market?</p><p>4. How common is bullish sentiment?</p><p>5. Does trading rely on the support of high leverage?</p><p>6. Are buyers excessively engaging in forward transactions (such as building inventory, signing forward agreements, etc.) to speculate or protect themselves from future price increases?</p><p><img src=\"https://static.tigerbbs.com/b89447f632ae50e578dd9ebcd007795e\" tg-width=\"550\" tg-height=\"306\" referrerpolicy=\"no-referrer\"></p><p>Here's the full text of this video talk, titled Is the stock market currently in a bubble?:</p><p>Hello everyone, it's a pleasure to be here on behalf of all those who have been helped by Robin Hood (Foundation).</p><p>You know, know Robin Hood because I knew Paul Tudor Jones, when Robin Hood was a glimmer in his eye, and he would play basketball with the kids in Bedford-Stuyvincent neighborhood (Bed Stuy), and I was lucky to see him and all the staff at the Robin Hood Fund, in a very personal and efficient way to help alleviate poverty in America, and to be a part of it. Everything you've done is great, so I just want to thank you for everything you've done and tell you how happy I am to be here and do my modest part.</p><p>I was asked to talk about bubbles, whether the market, the stock market is in a bubble, and what kind of bubble. I just want to give you some thoughts on this issue, I only have about 10 minutes. So I want to speak quickly, a few years ago, I started thinking: What is a bubble? What do I mean by bubble when we are in it? Because in my 50 years of investing, I have seen a lot of bubbles.</p><p>There are six things in my mind that I basically think will cause a bubble, and I'll list them one by one. Now, look at them so you know what I'm talking about.</p><p>First of all, you know, how high our prices are relative to traditional price measures is a consideration. For example, you know our PSI or yields and things like that, that's a consideration, but that's not what I call a bubble.</p><p>For example, there may be a phenomenon of high price and low return, and this situation can last for a long time, but this does not mean that the bubble will burst, it is just one of the components.</p><p>Second, the price reflects unsustainable conditions, which refers to the nature of the buyer, who is buying and how to buy. Unsustainable conditions will produce price adjustments or declines, and then the third speculative factor appears-New buyers in the market are attracted.</p><p>You know, it's like a cocktail party, and some people who never attend show up, that is, invested in certain assets, it could be tech stocks, it could be real estate, but anyway, everybody thinks, not holding those things makes them feel stupid, and that kind of thing.</p><p>The fifth is the large purchase of forward \"contracts\", such as when someone bought an apartment they didn't know about because they thought it would go up, or using the age of large-scale commodity trading as an example. I would watch people who use commodities and they buy a lot of forward contracts. In other words, buy inventory to protect yourself from rising prices.</p><p>So when they leave the market-as we've seen recently in the commodity markets-when they sell forward contracts and the price keeps falling, they say \"I don't want it either\".</p><p>And when the price goes up, they will say that we want to do premium protection to hedge against the price increase. Therefore, the buyer who extends these forward purchases is a (bubble) indicator.</p><p>I use this table to show the entire stock market. I apply this framework to basically all assets, and use a systematic method to try to determine which ones are in bubbles. In my opinion, among the various stocks, some have bubbles and some don't, and the stock market as a whole is what this chart shows.</p><p>This chart dates back to 1910, and it is an indicator of the degree of bubble. You can see that there is a bubble at present, but it is not as high as 2000 and 1929, but higher than 2007.</p><p><img src=\"https://static.tigerbbs.com/4c4f2ff86c22e19d1a051e96d120c0fa\" tg-width=\"640\" tg-height=\"347\" referrerpolicy=\"no-referrer\"></p><p>Let's look at stocks with bubbles, and by these criteria, many stocks don't have bubbles.</p><p><img src=\"https://static.tigerbbs.com/4ebf9f9bfdd5c982106b5c4f97acf635\" tg-width=\"640\" tg-height=\"339\" referrerpolicy=\"no-referrer\"></p><p>This chart dates back to 1995. Compared with 2000, the proportion of bubbles in the market value of the top 1,000 companies is about 5%, and the share of bubbles in the entire S&P 500 index is about 2%. Although it is not as high as 2000, it is higher than that in 2007.</p><p>Now on to the next chart showing the bubble stocks.</p><p><img src=\"https://static.tigerbbs.com/15720e9f5f0240be2ddeda3d14230eaa\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"></p><p>I separate these bubble stocks from the S&P 500 and can see a decline in the proportion of bubble stocks in the broader market, which I believe is likely to continue, but is currently in a bubble. One of the problems is that bubbles can expand and contract, and timing is a big problem.</p><p>The chart below dates back to 1900. The chart above shows the ratio of debt to gross domestic product (GDP). The blue line in the chart below shows interest rates, and the red line shows the scale of money printing, that is, the amount of money flowing in. So you can see that when debt accumulates, as it is now, and near zero interest rates are implemented, and when both are present, there is a lot of money printing.</p><p><img src=\"https://static.tigerbbs.com/e5d3d3c839ca42009c377a3eed7c9c3c\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"></p><p>That's a key factor in the bubble because there's a lot of liquidity coming into the market and then there's a lot of money gouging up all sorts of asset prices, so you can see that when the blue line hits zero, the red line goes up sharply. A lot of liquidity, a lot of debt financing and debt monetization form a typical bubble.</p><p>Other factors that can create bubbles are new shares, especially if they are not profitable, or in many cases have no prospect of being profitable.</p><p>These are also bubble considerations, so I would say that you can't say that the current stock market is in the highest degree of bubble, you have to distinguish which stocks are in a bubble, or have been in a bubble; Which stocks aren't, there are actually many stocks that aren't in a bubble at the moment.</p><p>So I hope that gives you some insight into bubbles and how I see them and where we are at the moment. Thank you.</p>","source":"lsy1574157197600","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Dalio's latest speech: The stock market is not necessarily in a bubble right now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDalio's latest speech: The stock market is not necessarily in a bubble right now\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">人民币交易与研究</strong><span class=\"h-time small\">2021-06-28 19:25</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Dario, founder of Bridgewater, the world's largest hedge fund, sent two tweets on June 24th, introducing his six indicators for measuring bubbles, and released a 10-minute video to explain his views on the current stock market bubble.</p><p>In this video explaining the stock bubble at the request of the Robin Hood Foundation, Dalio said that while indicators show that some stocks are \"in a bubble\" right now, the stock market is not necessarily in a bubble right now.</p><p><img src=\"https://static.tigerbbs.com/ed46d81d71867f2d1eb8b3b9ad012779\" tg-width=\"532\" tg-height=\"720\" referrerpolicy=\"no-referrer\"></p><p>\"By bubble I mean unsustainable high prices, and I measure it with six metrics,\" Dalio wrote in a tweet, noting that investors need to pay attention to signs such as buyer leverage levels and the number of new buyers.</p><p>In fact, as early as mid-May, Dario shared his research on the stock market bubble in WeChat official account, detailing these six systematic \"bubble indicators\", including price, bullish sentiment, leverage, etc.:</p><p>1. How high is the price compared to traditional measures?</p><p>2. Do prices reflect unsustainable conditions?</p><p>3. How many new buyers (that is, people who were not in the market before) entered the market?</p><p>4. How common is bullish sentiment?</p><p>5. Does trading rely on the support of high leverage?</p><p>6. Are buyers excessively engaging in forward transactions (such as building inventory, signing forward agreements, etc.) to speculate or protect themselves from future price increases?</p><p><img src=\"https://static.tigerbbs.com/b89447f632ae50e578dd9ebcd007795e\" tg-width=\"550\" tg-height=\"306\" referrerpolicy=\"no-referrer\"></p><p>Here's the full text of this video talk, titled Is the stock market currently in a bubble?:</p><p>Hello everyone, it's a pleasure to be here on behalf of all those who have been helped by Robin Hood (Foundation).</p><p>You know, know Robin Hood because I knew Paul Tudor Jones, when Robin Hood was a glimmer in his eye, and he would play basketball with the kids in Bedford-Stuyvincent neighborhood (Bed Stuy), and I was lucky to see him and all the staff at the Robin Hood Fund, in a very personal and efficient way to help alleviate poverty in America, and to be a part of it. Everything you've done is great, so I just want to thank you for everything you've done and tell you how happy I am to be here and do my modest part.</p><p>I was asked to talk about bubbles, whether the market, the stock market is in a bubble, and what kind of bubble. I just want to give you some thoughts on this issue, I only have about 10 minutes. So I want to speak quickly, a few years ago, I started thinking: What is a bubble? What do I mean by bubble when we are in it? Because in my 50 years of investing, I have seen a lot of bubbles.</p><p>There are six things in my mind that I basically think will cause a bubble, and I'll list them one by one. Now, look at them so you know what I'm talking about.</p><p>First of all, you know, how high our prices are relative to traditional price measures is a consideration. For example, you know our PSI or yields and things like that, that's a consideration, but that's not what I call a bubble.</p><p>For example, there may be a phenomenon of high price and low return, and this situation can last for a long time, but this does not mean that the bubble will burst, it is just one of the components.</p><p>Second, the price reflects unsustainable conditions, which refers to the nature of the buyer, who is buying and how to buy. Unsustainable conditions will produce price adjustments or declines, and then the third speculative factor appears-New buyers in the market are attracted.</p><p>You know, it's like a cocktail party, and some people who never attend show up, that is, invested in certain assets, it could be tech stocks, it could be real estate, but anyway, everybody thinks, not holding those things makes them feel stupid, and that kind of thing.</p><p>The fifth is the large purchase of forward \"contracts\", such as when someone bought an apartment they didn't know about because they thought it would go up, or using the age of large-scale commodity trading as an example. I would watch people who use commodities and they buy a lot of forward contracts. In other words, buy inventory to protect yourself from rising prices.</p><p>So when they leave the market-as we've seen recently in the commodity markets-when they sell forward contracts and the price keeps falling, they say \"I don't want it either\".</p><p>And when the price goes up, they will say that we want to do premium protection to hedge against the price increase. Therefore, the buyer who extends these forward purchases is a (bubble) indicator.</p><p>I use this table to show the entire stock market. I apply this framework to basically all assets, and use a systematic method to try to determine which ones are in bubbles. In my opinion, among the various stocks, some have bubbles and some don't, and the stock market as a whole is what this chart shows.</p><p>This chart dates back to 1910, and it is an indicator of the degree of bubble. You can see that there is a bubble at present, but it is not as high as 2000 and 1929, but higher than 2007.</p><p><img src=\"https://static.tigerbbs.com/4c4f2ff86c22e19d1a051e96d120c0fa\" tg-width=\"640\" tg-height=\"347\" referrerpolicy=\"no-referrer\"></p><p>Let's look at stocks with bubbles, and by these criteria, many stocks don't have bubbles.</p><p><img src=\"https://static.tigerbbs.com/4ebf9f9bfdd5c982106b5c4f97acf635\" tg-width=\"640\" tg-height=\"339\" referrerpolicy=\"no-referrer\"></p><p>This chart dates back to 1995. Compared with 2000, the proportion of bubbles in the market value of the top 1,000 companies is about 5%, and the share of bubbles in the entire S&P 500 index is about 2%. Although it is not as high as 2000, it is higher than that in 2007.</p><p>Now on to the next chart showing the bubble stocks.</p><p><img src=\"https://static.tigerbbs.com/15720e9f5f0240be2ddeda3d14230eaa\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"></p><p>I separate these bubble stocks from the S&P 500 and can see a decline in the proportion of bubble stocks in the broader market, which I believe is likely to continue, but is currently in a bubble. One of the problems is that bubbles can expand and contract, and timing is a big problem.</p><p>The chart below dates back to 1900. The chart above shows the ratio of debt to gross domestic product (GDP). The blue line in the chart below shows interest rates, and the red line shows the scale of money printing, that is, the amount of money flowing in. So you can see that when debt accumulates, as it is now, and near zero interest rates are implemented, and when both are present, there is a lot of money printing.</p><p><img src=\"https://static.tigerbbs.com/e5d3d3c839ca42009c377a3eed7c9c3c\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"></p><p>That's a key factor in the bubble because there's a lot of liquidity coming into the market and then there's a lot of money gouging up all sorts of asset prices, so you can see that when the blue line hits zero, the red line goes up sharply. A lot of liquidity, a lot of debt financing and debt monetization form a typical bubble.</p><p>Other factors that can create bubbles are new shares, especially if they are not profitable, or in many cases have no prospect of being profitable.</p><p>These are also bubble considerations, so I would say that you can't say that the current stock market is in the highest degree of bubble, you have to distinguish which stocks are in a bubble, or have been in a bubble; Which stocks aren't, there are actually many stocks that aren't in a bubble at the moment.</p><p>So I hope that gives you some insight into bubbles and how I see them and where we are at the moment. Thank you.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/lv14Xv-iB491-ddK3pdX_w\">人民币交易与研究</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/61ac6f61084482a9c0c70291c78e92f5","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://mp.weixin.qq.com/s/lv14Xv-iB491-ddK3pdX_w","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186578125","content_text":"全球最大对冲基金桥水创始人达里奥6月24日连发两篇推文，介绍自己衡量泡沫的六项指标，并发布了一个10分钟的视频阐述自己对当下股市泡沫的看法。\n在这个应罗宾汉基金会要求解释股票泡沫的视频中，达里奥表示，虽然指标显示一些股票目前“存在泡沫”，但股市眼下不一定处于泡沫中。\n\n达里奥在推文中写道，“我所说的泡沫是指不可持续的高价，我用六项指标来衡量它”，并指出投资者需关注买家杠杆水平和新买家数量等迹象。\n事实上，早在5月中旬时，达里奥就曾在公众号分享了他对股市泡沫的研究，详述了这六种系统性“泡沫指标”，包括价格、看涨情绪、杠杆高低等：\n1． 相对传统的衡量标准，价格有多高？\n2． 价格是否反映了不可持续的状况？\n3． 有多少新买家（即之前不在市场里的人）进入了市场？\n4． 看涨情绪有多普遍？\n5． 交易是否依赖高杠杆的支撑？\n6． 买家是否过度进行远期交易（如建立库存、签订远期协议等）来投机或保护自己免受未来价格上涨的影响？\n\n以下是这个名为《股市目前是否处于泡沫中？》的视频演讲全文：\n大家好，很高兴能代表所有被罗宾汉（基金会）帮助过的人来到这里。\n你们知道，知道罗宾汉，是因为我认识保罗·都铎·琼斯，当时罗宾汉是他眼里的一抹微光，他会在贝德福德-斯图文森特街区（Bed Stuy）和孩子们一起打篮球，我很幸运能够看到他和罗宾汉基金的所有工作人员，以一种非常个人化和高效的方式来帮助减轻美国的贫困，并且能够成为其中的一员。你们所做的一切都很棒，所以我只想感谢你们所做的一切，并且告诉你们能够来到这里并尽我的微薄之力，我有多么高兴。\n我被要求谈论泡沫，市场、股市是否处于泡沫中，以及什么样的泡沫。我只想给你们一些关于这个问题的想法，我只有大约10分钟的时间。所以我想讲快点，几年前，我开始思考：什么是泡沫？当我们身处泡沫中时，我所说的泡沫是指什么？因为在我50年的投资生涯中，我看到了很多泡沫。\n在我脑海中，有六件事是我基本上认为会导致产生泡沫的，我将他们一一列举出来。现在，看着它们，以便您知道我在说什么。\n首先，您知道，我们的价格相对于传统的价格衡量标准有多高是一个考虑因素。例如，你知道我们的PSI或收益率之类的东西，这是一个考虑因素，但这不是我所说的泡沫。\n比方说，可能出现价格高回报低的现象，而且这种情况可以持续很长时间，但这并不意味着泡沫会破灭，只是其中一个组成因素。\n第二，价格是反映不可持续的条件，这里指的是买方的性质，谁在买入和如何买入，不可持续的条件会产生了价格调整或下跌，然后就出现了第三个投机因素——市场上的新买家被吸引了。\n您知道，这就像鸡尾酒会，有些从不参加的人出现了，也就是投资了某些资产，可能是科技股，也可能是房地产，但无论如何，每个人都想，没有持有这些东西会让他们觉得自己很蠢，诸如此类。\n第五项是大额购买远期“合约”，比如有人买了他们不了解的公寓，因为他们认为公寓会上涨，或者用大规模交易大宗商品的年代来举例。我会观察那些使用大宗商品的人，他们购买了大量远期合约。换句话说，购买库存以保护自己免受价格上涨的影响。\n所以当他们离场的时候——正如我们最近在大宗商品市场看到的——当他们抛售远期合约时，价格持续下跌，他们会说“我也不想要它”。\n而当价格上涨时，他们会说我们要进行溢价保护，对冲价格上涨。所以，延长了这些远期购买的买家是一个（泡沫）指标。\n我用这张表显示整个股市，我把这个框架基本上应用到所有资产上，并且使用一种系统化的方法，试图判断哪些处在泡沫中。在我看来，在各种各样的股票中，有些存在泡沫，有些则没有，而整个股市正如这张图表所显示的。\n这张图表可以追溯到1910年，它是一个彰显泡沫程度的指标。你可以看到当前是有泡沫的，但没有2000年和1929年那么高，不过高于2007年。\n\n让我们看看存在泡沫的股票，根据这些标准，很多股票没有泡沫。\n\n这张图表追溯到1995年，与2000年相比，前1000名的企业市值存在泡沫比例约为5%，整个标普500指数存在泡沫的份额约为2%，虽然不如2000年高，但比2007年高。\n现在来看下一张显示了泡沫股票的图表。\n\n我把这些泡沫股票与标准普尔500指数分离，可以看到泡沫股在大盘中的比例下降，我相信这种情况很可能会持续下去，但目前处于泡沫之中。其中一个问题是，泡沫可以扩张和收缩，时机是个大问题。\n下面这张图表可以追溯到1900年，上图显示的是债务与国内生产总值（GDP）之比，下图中蓝线显示的是利率，红线显示印钞规模，也就是流入的货币量。所以你可以看到当债务累加时，就像现在的情况，并且实施近零利率，这两种情况同时存在时就会大肆印钞。\n\n这是泡沫的一个关键因素，因为有大量的流动性进入市场，然后有很多资金哄抬各种各样的资产价格，所以你可以看到，当蓝线触及零时，红线大幅上行。大量流动性，大量的债务融资和债务货币化形成了一个典型的泡沫。\n其他可能产生泡沫的因素则是新股上市，特别是如果它们没有盈利，或者是在许多情况下没有盈利的前景。\n这些也是泡沫的考虑因素，所以我想说，你不能说当前的股市处于最高程度的泡沫，你必须区分哪些股票正处于泡沫中、或者一直处于泡沫中；哪些股票没有，实际上目前有许多股票并没有处于泡沫中。\n所以我希望这能让你对泡沫有所了解、我如何看待它们以及我们目前处于什么位置。谢谢。","news_type":1,"symbols_score_info":{".SPX":0.9,".DJI":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":904,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150245560,"gmtCreate":1624918366450,"gmtModify":1703847694409,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150245560","repostId":"1180159838","repostType":4,"repost":{"id":"1180159838","kind":"news","pubTimestamp":1624880950,"share":"https://ttm.financial/m/news/1180159838?lang=en_US&edition=fundamental","pubTime":"2021-06-28 19:49","market":"hk","language":"zh","title":"U.S. stocks are not bearish VS a 15% correction! Well-known banks predict U.S. and Hong Kong stocks in the second half of the year","url":"https://stock-news.laohu8.com/highlight/detail?id=1180159838","media":"美港电讯APP","summary":"美股今年迄今取得较大涨幅，市场关注美联储通胀及加息表态，港股今年迄今经历“过山车式”走势，大行对于下半年表现预期不一，有哪些需要关注的？美股下半年展望\n上周美股大幅反弹，纳指及标普500指数指数均刷新","content":"<p>U.S. stocks have achieved large gains so far this year. The market is paying attention to the Federal Reserve's inflation and rate hike's statement. Hong Kong stocks have experienced a \"roller coaster\" trend so far this year. Major banks have different expectations for performance in the second half of the year. What needs to be paid attention to?<img src=\"https://static.tigerbbs.com/347e042b7f2477eb321a5543ae792f38\" tg-width=\"735\" tg-height=\"656\"><b>U.S. stock outlook for the second half of the year</b></p><p>U.S. stocks rebounded sharply last week, with the Nasdaq and S&P 500 indexes both hitting record highs. Benefiting from the economic recovery, U.S. stocks have achieved relatively large gains so far in 2021. The Dow has risen by 12.51%, the Nasdaq has risen by 11.42%, and the S&P 500 has risen by 13.97%. The market is paying attention to the Federal Reserve's statement on inflation and rate hike. Major banks have different expectations for the trend in the second half of the year. Which sectors deserve attention?</p><p><b>Credit Suisse: Stocks Will Outperform Other Assets</b></p><p>Credit Suisse expects global growth to accelerate in the coming months as countries gradually reopen their economies. In the process, the stock market will outperform other assets. Credit Suisse wrote in its outlook strategy report for the second half of the year that the global economy is expected to grow by 5.9% year-on-year in 2021, and the global economic growth rate will reach 4% in 2022. Growth is mainly driven by the advancement of vaccination, fiscal stimulus and the recovery of the broader services industry.</p><p>Ray Farris, chief investment officer of Credit Suisse South Asia, said the economic expansion could lead to a sharp recovery in global earnings growth, boosting stocks. He told the media: \"We want stocks to become an outperforming asset class in the next six months to one year. As long as earnings continue to keep an upward trend, history shows that the stock market will climb all the way. Maybe there will be constant adjustments in this process, but adjustments are opportunities.\"</p><p>In terms of stock markets, Credit Suisse said that it prefers to invest in cyclical industries such as finance and materials, especially cyclical stocks in Europe. European cyclical stocks are expected to make huge profits like cyclical stocks in U.S. stocks, but valuations are at low levels in decades, the bank said.</p><p><b>Morgan Stanley: Bullish on Staples, Healthcare and Raw Materials Stocks</b></p><p>Judging from the experience of mid-cycle transition in the past, Morgan Stanley believes that U.S. stocks will undergo a correction of about 15%. The bank said the consensus estimate for next year is now above what its analysts have predicted to be achievable since the recovery began after its most upbeat quarterly earnings revision ever. More specifically, given inflation and tax headwinds, the bank believes margin estimates are too high, and the market should start factoring in these factors by lowering valuations.</p><p>Driven by increased infrastructure spending, the bank downgraded the ratings of related companies. In its view, much of the infrastructure spending has been reasonably priced, and such projects often take longer to produce results. Additionally, many industrial businesses will be the most affected by rising inflation and labor shortages in their supply chains. Instead, the bank continues to favor financial stocks and ingredients stocks as a way to combat rising inflation. Healthcare services companies have lower valuations and greater pent-up demand compared to tech stocks.</p><p>Morgan Stanley is still bullish on staples, healthcare and raw materials stocks rather than technology stocks, discretionary and industrial stocks. Morgan Stanley also continues to be optimistic about bank stocks, believing that they are the best way to deal with inflation, and recommends avoiding semiconductors, retailers, construction materials and other representative industries in the early cycle. Finally, looking back at the portfolio as a whole, finding a reasonable valuation for the company's value remains an important consideration.</p><p><b>CITIC Securities: Tax increase is the biggest risk for US stocks in the second half of the year</b></p><p>The G7 finance ministers' meeting on June 5th announced that it supported the proposal of imposing a global minimum tax rate of 15%. However, we judge that if this proposal cannot be introduced within the framework of OECD or G20, it is expected to have a limited impact on the tax burden of multinational enterprises. However, if Biden's domestic tax increase proposal is implemented, it is expected to be the biggest risk for U.S. stocks in the second half of the year: 1) The increase in corporate income tax will directly impact U.S. stock profits, while the current technology and pharmaceutical industries with low effective tax rates and a high proportion of overseas income will be affected. The impact is expected to be the biggest; 2) If the capital gains tax is raised to 39.6%, it is expected to trigger investor selling, and the trend of \"retail investors plus leverage\" entering the market since February this year may be reversed; 3) Since World War II, there has never been a joint increase in personal income tax, corporate income tax, and capital gains tax in American history. Therefore, if the United States unilaterally raises tax rates, it may lead to medium and long-term domestic capital outflows.</p><p>Against the background of the continuous increase in vaccination rates, the global economy is expected to maintain a restart trend in the second half of this year. The price pressure caused by short-term \"demand normalization\" vs. \"supply bottleneck\" will also gradually subside. For the United States, although the Federal Reserve is likely to maintain an ultra-loose monetary policy in the second half of the year, given that the current high valuation of the S&P 500 has overdrawn the positive fundamentals beyond expectations, the release of the Taper signal and Biden's tax increase will be implemented in August and September respectively, which may mean that the U.S. stocks boosted by \"retail investors plus leverage\" since February this year will face a concentrated outbreak of risks in the third quarter.</p><p><b>Huifeng International Development: The index is expected to reach 4,200 points to 4,300 points by the end of the year</b></p><p>Zhang Yufeng, director of Huifeng International Development, said that due to favorable factors such as vaccination and economic restart, he is optimistic about the performance of U.S. stocks in the second half of the year, and the index is expected to reach 4,200 to 4,300 points by the end of the year. Despite the recent rise in inflation expectations in the United States and the recent hawkish release by the Federal Reserve, he believes that if you are not short-term investors, you do not need to take these factors too seriously. Everyone will be sensitive to rate hike and inflation news, but the Fed's remarks can actually change at any time. The most important thing when buying US stocks is to pay attention to the future development of the company.</p><p>Against the backdrop of economic recovery, we are optimistic about financial stocks and health care sectors. Due to the current increase in capital in the market, it is noted that financial activities such as SPEC and IPO in the United States have been active since May, coupled with the emergence of the concept of integrating artificial intelligence technology in the financial industry, which will greatly accelerate the development of the industry.</p><p>In the first half of the year, there was a phenomenon of sector rotation in the U.S. stock market. Many technology stocks showed discounts in their valuations, but they are still optimistic about technology stocks in the long run, and not the entire sector has been dragged down. Some large technology stocks, such as Google A and Amazon, performed Not bad, mainly small and medium-sized technology stocks are affected. Looking forward to the second half of the year, a number of technology stocks will be listed, which is expected to stimulate the atmosphere of the technology sector, thus improving the performance of this sector.</p><p><b>Industrial Securities: U.S. stocks are not a bear market, but vulnerability and volatility have increased, and growth is expected to outperform</b></p><p>The research report pointed out that the U.S. economy may enter a \"quasi-stagflation\" in the second half of the year, with the economy weakening and inflation fluctuating at high levels. The probability of a bear market in the U.S. stock market in the second half of the year is small, and the probability of continuing the market through shocks is high. The liquidity environment in Europe and the United States is still loose, economic growth is slowing down but still resilient, and the impact of Taper and tax increases is still in the expected stage.</p><p>Growth stocks supported by fundamentals in the U.S. stock market are expected to outperform again. The valuation of U.S. stock growth leaders represented by FAANGs is not high, which is expected to stabilize popularity. Secondly, U.S. bond yields will remain range-bound in the second half of the year, which is different from the rapid increase in the first half of the year. Therefore, the release of valuation risks for growth stocks has come to an end. In addition, the performance growth in the second half of the year turned to endogenous drive. The cyclical value style of U.S. stocks has benefited from cyclical recovery in the past six months and has significantly outperformed. In the second half of the year, it will be under pressure as the momentum of the U.S. inventory cycle weakens. Growth stocks will differentiate, and growth stocks with long-term endogenous growth momentum will start a new upward trend. However, thematic growth stocks or high-valuation sectors that have overdrawn high growth expectations will still be abandoned.</p><p><b>Outlook for Hong Kong stocks in the second half of the year</b></p><p>Last week, Hong Kong stocks experienced first rising and then falling, especially technology stocks ushered in a slight rebound. So far this year, Hong Kong stocks have experienced a \"roller coaster\" trend, and their overall performance lags behind other major stock indexes. The Hang Seng Index has risen by 7.48%, the State Index has risen by 1.17%, and the Red Chip Index has risen by 7.35%.</p><p><b>CICC: The performance of the market index is still relatively flat, regaining the new economy</b></p><p>Looking forward to the second half of the year, we believe that although the performance of the Hong Kong stock market index may still be relatively flat, the structural attractiveness is already in place, with the focus on the \"new economy\" related sectors. Overall, we expect that the Hang Seng State-owned Enterprises and MSCI China Index are expected to climb to 11,900 points and 114 points respectively, which implies an upside of about 10% and 4% compared with the current one. The main driving force comes from an increase in profits of 8% and 9% respectively. Valuation changes expanded by 4% and contracted by 2% respectively. It is estimated that the net profit growth rate of overseas Chinese stocks in 2021 is expected to reach 24.4%, of which the net profit of the non-financial sector and the financial sector will increase by 35.2% and 16.3% respectively.</p><p>We expect that domestic monetary policy will remain basically stable under the background that the current economic growth remains stable and structural issues such as high leverage are still the focus of policies. If subsequent growth faces greater pressure and external uncertainty increases or decreases as the Fed's reduction begins, it is not ruled out that there will be certain domestic policies as a hedge. We believe that overall liquidity will remain relatively friendly until the Fed reduces QE. In addition, from a medium to long-term perspective, the growing new economic structure of the Hong Kong market will continue to enhance its long-term attractiveness to domestic and foreign funds.</p><p>Specifically, we recommend over-allocating information technology, large consumption, medical care, some manufacturing industries, energy, and diversified finance, but we recommend standard or low allocating real estate, insurance, public utilities, etc. In addition to macro-based allocation ideas, we also provide two industry allocation ideas: high quality (ROE vs. PEG) and high prosperity (capital expenditure). In the medium term, we believe that China will take the lead in recovering from the impact of the epidemic and returning to normalization, which will push the market to re-focus on the opportunities brought by China's original internal long-term structural trends (such as consumption and industrial upgrading), such as electric vehicles, new energy (including solar energy), technology hardware, semiconductors, large consumption and medicine and biology, etc.</p><p><b>CCB International: Hong Kong stocks will show an M-shaped trend in the second half of the year, with a maximum of 29,500 points. You can focus on domestic demand stocks</b></p><p>Zhao Wenli, managing director and deputy research director of CCB International Securities Research Department, pointed out that Hong Kong stocks are expected to maintain range fluctuations in the second half of the year and generally show an M-shaped trend. The Hang Seng Index will fluctuate in the range of 26,500 points to 29,500 points, and the state-owned enterprise volatility index will fluctuate in the range of 9,500 points to 11,500 points. The third quarter of 2021 will be a testing window for important market expectations. At the same time, important variables such as the epidemic, debt interest and the US dollar are facing direction choices, and a new inflection point of style switching may also be formed in the third quarter.</p><p>In the second half of this year, the Hong Kong market has the opportunity to see a new style switch, among which growth stocks are expected to outperform value stocks. As China emerged from the epidemic earlier than Europe and the United States, value stocks have reacted in advance. At the same time, the slowdown in economic growth may also limit the upside of value stocks. Relatively speaking, some leading growth stocks have high medium-and long-term growth visibility, and in the short term, the price/performance ratio is higher than that of value stocks.</p><p>In terms of industries, the main sectors with rising profits are concentrated in biotechnology, film and television entertainment and cyclical products industries. The main downward forecast industries include medical beauty, software, wine travel and real estate-related sectors. It is recommended to focus on domestic demand stocks with high \"visibility\" and policy support, such as consumption, biomedicine, hardware technology, automobile and other industries. At the same time, we will absorb the leading high-quality new economic growth stocks on dips and gradually reduce our holdings of pro-cyclical value stocks.</p><p><b>GF: Hong Kong stock technology is seriously undervalued in the world</b></p><p>GF Hong Kong Strategy Research pointed out that since mid-February this year, the trend of large-scale technology and Internet stocks in the Hong Kong stock market has been under significant pressure, mainly due to the gradual tightening of platform economy regulatory measures, the decline of global \"stay-at-home economy\" dividends, and the rise in U.S. bond yields. Restricted by three major factors. However, from the perspective of mid-2021, the negative impact brought by the above three major unfavorable factors is marginally decreasing, and the long-term layout value of Hong Kong's large technology and Internet stocks is gradually emerging.</p><p>The valuation level of large-scale technology and Internet stocks has basically fallen below the historical average, and they have regained a good investment cost performance and a relatively sufficient margin of safety. The Hang Seng Index expects PEG valuation to be significantly underestimated compared with the Nasdaq and ChiNext Indexes. In the future, the convergence of the \"valuation difference\" across markets is also expected to become the supporting momentum for the strength of Hong Kong stock technology and Internet giants. Coupled with the anti-monopoly policy of \"scraping bones and curing poison\", the short-term negative impact is controllable, which will help enhance the vitality of the industry in the long run. With the implementation of Ali's penalties, policy uncertainty has also declined. Despite the gradual ebb of the global stay-at-home economy, the performance of large technology and Internet companies in Hong Kong stocks is still relatively resilient.</p><p>In the first quarter of this year, the performance of Hong Kong stock technology and network giants was basically within market expectations, and some even exceeded expectations. Although the dividends of the epidemic are gradually fading, the dividends of economic transformation are still in the process of continuous release. Leading enterprises in the science and technology industry will benefit significantly with their stable and efficient business models and good corporate governance.</p><p><b>Nomura: Financial, Cyclical Stocks Recommended As Inflation Hedges</b></p><p>Nomura published a research report, describing the Asia-Pacific stock market as at a crossroads in the second half of the year. It is expected that the stock market will benefit from the strong corporate earnings outlook and rise. The targets for the MSCI Asia Index (excluding Japan) in 2021 and 2022 are 900 points and 974 points. Although the talk of excessive inflation and policy normalization has increased, and there is a risk of short-term correction, it has a positive attitude towards Asian stock markets in the medium term. Nomura gave the Hong Kong stock market an underweight rating, predicting a P/E of 19.2 times in 2021. The bank recommends that investors balance their portfolios with thematic and attractive stocks such as financial and cyclical stocks as inflation hedges.</p><p>The ten Hong Kong stocks recommended by Nomura include Tencent Holdings, Alibaba, BYD, China Merchants Bank, Anta Sports, Haidilao, Xincheng Development Holdings, China Taiping, Weigao and CK Hutchison.</p><p><b>Everbright Sun Hung Kai Securities: The trend of Hong Kong stocks in the second half of the year is cautiously optimistic, and the Hang Seng Index may reach a high of 31,000 points</b></p><p>Everbright Sun Hung Kai Securities released its outlook report for the second half of the year. Strategist Wu Lixian said that he was cautiously optimistic about the trend of Hong Kong stocks in the second half of the year, with a high level of 31,000 points and a low level of 26,000 points. He also said that his view on technology and Internet stocks in the second half of the year is relatively positive, because the stock price performance of related industries in the first half of the year was relatively lagging behind, and its performance fundamentals are good. It is expected to catch up and lag in the second half of this year. It is expected that the Hang Seng Technology Index will have a chance to appear at a high level in the second half of this year. Near 9,000 points, while the support level is at 7,400 points. The bank also predicts that the target of the State Enterprise Index in the second half of the year will be 11,800 points.</p><p>Wu Lixian also pointed out that it is expected that Hong Kong stocks will continue the main tone of valuation restoration in the first half of the year in the second half of the year. Both old and new economic stocks have different performance opportunities, while the upward trend of cyclical stocks may be slowing down. Among them, there are four major sectors worthy of optimism, including new economy, petroleum energy, home appliance consumption and communication services.</p><p><b>Credit Suisse: Hang Seng Index is expected to rise in the second half of the year, with an end-of-year target of 30,000 points</b></p><p>Shao Zhiming, chief investment officer of Credit Suisse Greater China, said that he is optimistic about the trend of Hong Kong stocks in the second half of the year. The target of the Hang Seng Index is 30,000 points at the end of this year, but Hong Kong stocks are still subject to the tightening of monetary policy in the mainland in the short term. He estimated that from the end of the third quarter to the fourth quarter at the earliest, the tight monetary situation in the mainland may improve, prompting the inflow of funds into Hong Kong stocks to rebound and driving market sentiment.</p><p>Shao Zhiming pointed out that favorable factors for Hong Kong stocks also include optimistic global economic growth prospects and the potential of RMB appreciation that will provide support for Chinese stocks. At present, we are optimistic about mainland sustainable sectors, such as solar energy, wind energy and electric vehicle industries, and maintain a neutral view on Chinese technology stocks.</p><p>Some large science and technology companies have indicated that they will allocate profits for medium and long-term investment in the short term. It is expected that the profit performance of technology stocks in the next two quarters will be difficult to surprise the market. Moreover, the valuation of value stocks is still attractive. Investors continue to increase their holdings of value stocks and flatten the proportion of technology stocks in the portfolio, which will limit the performance of technology stocks.</p><p><b>Hang Seng Asset Management: Growth stocks can outperform value stocks in the second half of the year</b></p><p>Xue Yonghui, director and investment director of Hang Seng Investment Management, said that the global supervision of technology companies has been strengthened, but the market has roughly digested the news and companies are adapting to the new environment. On the other hand, growth stocks have begun to adjust since February, and now some technology stocks have begun to return to more attractive levels. There is an opportunity to wait for low absorption. I believe that growth stocks will outperform value stocks in the second half of the year.</p><p>Optimistic about domestic demand, Internet companies (e-commerce, life platforms), aging population and pharmaceutical innovation, environmental protection (new energy, electric vehicles, electric vehicle batteries), real estate (property management, real estate online platforms) and other industries, but bearish on energy, telecommunications and other sectors.</p>","source":"lsy1606393433888","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. stocks are not bearish VS a 15% correction! Well-known banks predict U.S. and Hong Kong stocks in the second half of the year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. stocks are not bearish VS a 15% correction! Well-known banks predict U.S. and Hong Kong stocks in the second half of the year\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">美港电讯APP</strong><span class=\"h-time small\">2021-06-28 19:49</span>\n</p>\n</h4>\n</header>\n<article>\n<p>U.S. stocks have achieved large gains so far this year. The market is paying attention to the Federal Reserve's inflation and rate hike's statement. Hong Kong stocks have experienced a \"roller coaster\" trend so far this year. Major banks have different expectations for performance in the second half of the year. What needs to be paid attention to?<img src=\"https://static.tigerbbs.com/347e042b7f2477eb321a5543ae792f38\" tg-width=\"735\" tg-height=\"656\"><b>U.S. stock outlook for the second half of the year</b></p><p>U.S. stocks rebounded sharply last week, with the Nasdaq and S&P 500 indexes both hitting record highs. Benefiting from the economic recovery, U.S. stocks have achieved relatively large gains so far in 2021. The Dow has risen by 12.51%, the Nasdaq has risen by 11.42%, and the S&P 500 has risen by 13.97%. The market is paying attention to the Federal Reserve's statement on inflation and rate hike. Major banks have different expectations for the trend in the second half of the year. Which sectors deserve attention?</p><p><b>Credit Suisse: Stocks Will Outperform Other Assets</b></p><p>Credit Suisse expects global growth to accelerate in the coming months as countries gradually reopen their economies. In the process, the stock market will outperform other assets. Credit Suisse wrote in its outlook strategy report for the second half of the year that the global economy is expected to grow by 5.9% year-on-year in 2021, and the global economic growth rate will reach 4% in 2022. Growth is mainly driven by the advancement of vaccination, fiscal stimulus and the recovery of the broader services industry.</p><p>Ray Farris, chief investment officer of Credit Suisse South Asia, said the economic expansion could lead to a sharp recovery in global earnings growth, boosting stocks. He told the media: \"We want stocks to become an outperforming asset class in the next six months to one year. As long as earnings continue to keep an upward trend, history shows that the stock market will climb all the way. Maybe there will be constant adjustments in this process, but adjustments are opportunities.\"</p><p>In terms of stock markets, Credit Suisse said that it prefers to invest in cyclical industries such as finance and materials, especially cyclical stocks in Europe. European cyclical stocks are expected to make huge profits like cyclical stocks in U.S. stocks, but valuations are at low levels in decades, the bank said.</p><p><b>Morgan Stanley: Bullish on Staples, Healthcare and Raw Materials Stocks</b></p><p>Judging from the experience of mid-cycle transition in the past, Morgan Stanley believes that U.S. stocks will undergo a correction of about 15%. The bank said the consensus estimate for next year is now above what its analysts have predicted to be achievable since the recovery began after its most upbeat quarterly earnings revision ever. More specifically, given inflation and tax headwinds, the bank believes margin estimates are too high, and the market should start factoring in these factors by lowering valuations.</p><p>Driven by increased infrastructure spending, the bank downgraded the ratings of related companies. In its view, much of the infrastructure spending has been reasonably priced, and such projects often take longer to produce results. Additionally, many industrial businesses will be the most affected by rising inflation and labor shortages in their supply chains. Instead, the bank continues to favor financial stocks and ingredients stocks as a way to combat rising inflation. Healthcare services companies have lower valuations and greater pent-up demand compared to tech stocks.</p><p>Morgan Stanley is still bullish on staples, healthcare and raw materials stocks rather than technology stocks, discretionary and industrial stocks. Morgan Stanley also continues to be optimistic about bank stocks, believing that they are the best way to deal with inflation, and recommends avoiding semiconductors, retailers, construction materials and other representative industries in the early cycle. Finally, looking back at the portfolio as a whole, finding a reasonable valuation for the company's value remains an important consideration.</p><p><b>CITIC Securities: Tax increase is the biggest risk for US stocks in the second half of the year</b></p><p>The G7 finance ministers' meeting on June 5th announced that it supported the proposal of imposing a global minimum tax rate of 15%. However, we judge that if this proposal cannot be introduced within the framework of OECD or G20, it is expected to have a limited impact on the tax burden of multinational enterprises. However, if Biden's domestic tax increase proposal is implemented, it is expected to be the biggest risk for U.S. stocks in the second half of the year: 1) The increase in corporate income tax will directly impact U.S. stock profits, while the current technology and pharmaceutical industries with low effective tax rates and a high proportion of overseas income will be affected. The impact is expected to be the biggest; 2) If the capital gains tax is raised to 39.6%, it is expected to trigger investor selling, and the trend of \"retail investors plus leverage\" entering the market since February this year may be reversed; 3) Since World War II, there has never been a joint increase in personal income tax, corporate income tax, and capital gains tax in American history. Therefore, if the United States unilaterally raises tax rates, it may lead to medium and long-term domestic capital outflows.</p><p>Against the background of the continuous increase in vaccination rates, the global economy is expected to maintain a restart trend in the second half of this year. The price pressure caused by short-term \"demand normalization\" vs. \"supply bottleneck\" will also gradually subside. For the United States, although the Federal Reserve is likely to maintain an ultra-loose monetary policy in the second half of the year, given that the current high valuation of the S&P 500 has overdrawn the positive fundamentals beyond expectations, the release of the Taper signal and Biden's tax increase will be implemented in August and September respectively, which may mean that the U.S. stocks boosted by \"retail investors plus leverage\" since February this year will face a concentrated outbreak of risks in the third quarter.</p><p><b>Huifeng International Development: The index is expected to reach 4,200 points to 4,300 points by the end of the year</b></p><p>Zhang Yufeng, director of Huifeng International Development, said that due to favorable factors such as vaccination and economic restart, he is optimistic about the performance of U.S. stocks in the second half of the year, and the index is expected to reach 4,200 to 4,300 points by the end of the year. Despite the recent rise in inflation expectations in the United States and the recent hawkish release by the Federal Reserve, he believes that if you are not short-term investors, you do not need to take these factors too seriously. Everyone will be sensitive to rate hike and inflation news, but the Fed's remarks can actually change at any time. The most important thing when buying US stocks is to pay attention to the future development of the company.</p><p>Against the backdrop of economic recovery, we are optimistic about financial stocks and health care sectors. Due to the current increase in capital in the market, it is noted that financial activities such as SPEC and IPO in the United States have been active since May, coupled with the emergence of the concept of integrating artificial intelligence technology in the financial industry, which will greatly accelerate the development of the industry.</p><p>In the first half of the year, there was a phenomenon of sector rotation in the U.S. stock market. Many technology stocks showed discounts in their valuations, but they are still optimistic about technology stocks in the long run, and not the entire sector has been dragged down. Some large technology stocks, such as Google A and Amazon, performed Not bad, mainly small and medium-sized technology stocks are affected. Looking forward to the second half of the year, a number of technology stocks will be listed, which is expected to stimulate the atmosphere of the technology sector, thus improving the performance of this sector.</p><p><b>Industrial Securities: U.S. stocks are not a bear market, but vulnerability and volatility have increased, and growth is expected to outperform</b></p><p>The research report pointed out that the U.S. economy may enter a \"quasi-stagflation\" in the second half of the year, with the economy weakening and inflation fluctuating at high levels. The probability of a bear market in the U.S. stock market in the second half of the year is small, and the probability of continuing the market through shocks is high. The liquidity environment in Europe and the United States is still loose, economic growth is slowing down but still resilient, and the impact of Taper and tax increases is still in the expected stage.</p><p>Growth stocks supported by fundamentals in the U.S. stock market are expected to outperform again. The valuation of U.S. stock growth leaders represented by FAANGs is not high, which is expected to stabilize popularity. Secondly, U.S. bond yields will remain range-bound in the second half of the year, which is different from the rapid increase in the first half of the year. Therefore, the release of valuation risks for growth stocks has come to an end. In addition, the performance growth in the second half of the year turned to endogenous drive. The cyclical value style of U.S. stocks has benefited from cyclical recovery in the past six months and has significantly outperformed. In the second half of the year, it will be under pressure as the momentum of the U.S. inventory cycle weakens. Growth stocks will differentiate, and growth stocks with long-term endogenous growth momentum will start a new upward trend. However, thematic growth stocks or high-valuation sectors that have overdrawn high growth expectations will still be abandoned.</p><p><b>Outlook for Hong Kong stocks in the second half of the year</b></p><p>Last week, Hong Kong stocks experienced first rising and then falling, especially technology stocks ushered in a slight rebound. So far this year, Hong Kong stocks have experienced a \"roller coaster\" trend, and their overall performance lags behind other major stock indexes. The Hang Seng Index has risen by 7.48%, the State Index has risen by 1.17%, and the Red Chip Index has risen by 7.35%.</p><p><b>CICC: The performance of the market index is still relatively flat, regaining the new economy</b></p><p>Looking forward to the second half of the year, we believe that although the performance of the Hong Kong stock market index may still be relatively flat, the structural attractiveness is already in place, with the focus on the \"new economy\" related sectors. Overall, we expect that the Hang Seng State-owned Enterprises and MSCI China Index are expected to climb to 11,900 points and 114 points respectively, which implies an upside of about 10% and 4% compared with the current one. The main driving force comes from an increase in profits of 8% and 9% respectively. Valuation changes expanded by 4% and contracted by 2% respectively. It is estimated that the net profit growth rate of overseas Chinese stocks in 2021 is expected to reach 24.4%, of which the net profit of the non-financial sector and the financial sector will increase by 35.2% and 16.3% respectively.</p><p>We expect that domestic monetary policy will remain basically stable under the background that the current economic growth remains stable and structural issues such as high leverage are still the focus of policies. If subsequent growth faces greater pressure and external uncertainty increases or decreases as the Fed's reduction begins, it is not ruled out that there will be certain domestic policies as a hedge. We believe that overall liquidity will remain relatively friendly until the Fed reduces QE. In addition, from a medium to long-term perspective, the growing new economic structure of the Hong Kong market will continue to enhance its long-term attractiveness to domestic and foreign funds.</p><p>Specifically, we recommend over-allocating information technology, large consumption, medical care, some manufacturing industries, energy, and diversified finance, but we recommend standard or low allocating real estate, insurance, public utilities, etc. In addition to macro-based allocation ideas, we also provide two industry allocation ideas: high quality (ROE vs. PEG) and high prosperity (capital expenditure). In the medium term, we believe that China will take the lead in recovering from the impact of the epidemic and returning to normalization, which will push the market to re-focus on the opportunities brought by China's original internal long-term structural trends (such as consumption and industrial upgrading), such as electric vehicles, new energy (including solar energy), technology hardware, semiconductors, large consumption and medicine and biology, etc.</p><p><b>CCB International: Hong Kong stocks will show an M-shaped trend in the second half of the year, with a maximum of 29,500 points. You can focus on domestic demand stocks</b></p><p>Zhao Wenli, managing director and deputy research director of CCB International Securities Research Department, pointed out that Hong Kong stocks are expected to maintain range fluctuations in the second half of the year and generally show an M-shaped trend. The Hang Seng Index will fluctuate in the range of 26,500 points to 29,500 points, and the state-owned enterprise volatility index will fluctuate in the range of 9,500 points to 11,500 points. The third quarter of 2021 will be a testing window for important market expectations. At the same time, important variables such as the epidemic, debt interest and the US dollar are facing direction choices, and a new inflection point of style switching may also be formed in the third quarter.</p><p>In the second half of this year, the Hong Kong market has the opportunity to see a new style switch, among which growth stocks are expected to outperform value stocks. As China emerged from the epidemic earlier than Europe and the United States, value stocks have reacted in advance. At the same time, the slowdown in economic growth may also limit the upside of value stocks. Relatively speaking, some leading growth stocks have high medium-and long-term growth visibility, and in the short term, the price/performance ratio is higher than that of value stocks.</p><p>In terms of industries, the main sectors with rising profits are concentrated in biotechnology, film and television entertainment and cyclical products industries. The main downward forecast industries include medical beauty, software, wine travel and real estate-related sectors. It is recommended to focus on domestic demand stocks with high \"visibility\" and policy support, such as consumption, biomedicine, hardware technology, automobile and other industries. At the same time, we will absorb the leading high-quality new economic growth stocks on dips and gradually reduce our holdings of pro-cyclical value stocks.</p><p><b>GF: Hong Kong stock technology is seriously undervalued in the world</b></p><p>GF Hong Kong Strategy Research pointed out that since mid-February this year, the trend of large-scale technology and Internet stocks in the Hong Kong stock market has been under significant pressure, mainly due to the gradual tightening of platform economy regulatory measures, the decline of global \"stay-at-home economy\" dividends, and the rise in U.S. bond yields. Restricted by three major factors. However, from the perspective of mid-2021, the negative impact brought by the above three major unfavorable factors is marginally decreasing, and the long-term layout value of Hong Kong's large technology and Internet stocks is gradually emerging.</p><p>The valuation level of large-scale technology and Internet stocks has basically fallen below the historical average, and they have regained a good investment cost performance and a relatively sufficient margin of safety. The Hang Seng Index expects PEG valuation to be significantly underestimated compared with the Nasdaq and ChiNext Indexes. In the future, the convergence of the \"valuation difference\" across markets is also expected to become the supporting momentum for the strength of Hong Kong stock technology and Internet giants. Coupled with the anti-monopoly policy of \"scraping bones and curing poison\", the short-term negative impact is controllable, which will help enhance the vitality of the industry in the long run. With the implementation of Ali's penalties, policy uncertainty has also declined. Despite the gradual ebb of the global stay-at-home economy, the performance of large technology and Internet companies in Hong Kong stocks is still relatively resilient.</p><p>In the first quarter of this year, the performance of Hong Kong stock technology and network giants was basically within market expectations, and some even exceeded expectations. Although the dividends of the epidemic are gradually fading, the dividends of economic transformation are still in the process of continuous release. Leading enterprises in the science and technology industry will benefit significantly with their stable and efficient business models and good corporate governance.</p><p><b>Nomura: Financial, Cyclical Stocks Recommended As Inflation Hedges</b></p><p>Nomura published a research report, describing the Asia-Pacific stock market as at a crossroads in the second half of the year. It is expected that the stock market will benefit from the strong corporate earnings outlook and rise. The targets for the MSCI Asia Index (excluding Japan) in 2021 and 2022 are 900 points and 974 points. Although the talk of excessive inflation and policy normalization has increased, and there is a risk of short-term correction, it has a positive attitude towards Asian stock markets in the medium term. Nomura gave the Hong Kong stock market an underweight rating, predicting a P/E of 19.2 times in 2021. The bank recommends that investors balance their portfolios with thematic and attractive stocks such as financial and cyclical stocks as inflation hedges.</p><p>The ten Hong Kong stocks recommended by Nomura include Tencent Holdings, Alibaba, BYD, China Merchants Bank, Anta Sports, Haidilao, Xincheng Development Holdings, China Taiping, Weigao and CK Hutchison.</p><p><b>Everbright Sun Hung Kai Securities: The trend of Hong Kong stocks in the second half of the year is cautiously optimistic, and the Hang Seng Index may reach a high of 31,000 points</b></p><p>Everbright Sun Hung Kai Securities released its outlook report for the second half of the year. Strategist Wu Lixian said that he was cautiously optimistic about the trend of Hong Kong stocks in the second half of the year, with a high level of 31,000 points and a low level of 26,000 points. He also said that his view on technology and Internet stocks in the second half of the year is relatively positive, because the stock price performance of related industries in the first half of the year was relatively lagging behind, and its performance fundamentals are good. It is expected to catch up and lag in the second half of this year. It is expected that the Hang Seng Technology Index will have a chance to appear at a high level in the second half of this year. Near 9,000 points, while the support level is at 7,400 points. The bank also predicts that the target of the State Enterprise Index in the second half of the year will be 11,800 points.</p><p>Wu Lixian also pointed out that it is expected that Hong Kong stocks will continue the main tone of valuation restoration in the first half of the year in the second half of the year. Both old and new economic stocks have different performance opportunities, while the upward trend of cyclical stocks may be slowing down. Among them, there are four major sectors worthy of optimism, including new economy, petroleum energy, home appliance consumption and communication services.</p><p><b>Credit Suisse: Hang Seng Index is expected to rise in the second half of the year, with an end-of-year target of 30,000 points</b></p><p>Shao Zhiming, chief investment officer of Credit Suisse Greater China, said that he is optimistic about the trend of Hong Kong stocks in the second half of the year. The target of the Hang Seng Index is 30,000 points at the end of this year, but Hong Kong stocks are still subject to the tightening of monetary policy in the mainland in the short term. He estimated that from the end of the third quarter to the fourth quarter at the earliest, the tight monetary situation in the mainland may improve, prompting the inflow of funds into Hong Kong stocks to rebound and driving market sentiment.</p><p>Shao Zhiming pointed out that favorable factors for Hong Kong stocks also include optimistic global economic growth prospects and the potential of RMB appreciation that will provide support for Chinese stocks. At present, we are optimistic about mainland sustainable sectors, such as solar energy, wind energy and electric vehicle industries, and maintain a neutral view on Chinese technology stocks.</p><p>Some large science and technology companies have indicated that they will allocate profits for medium and long-term investment in the short term. It is expected that the profit performance of technology stocks in the next two quarters will be difficult to surprise the market. Moreover, the valuation of value stocks is still attractive. Investors continue to increase their holdings of value stocks and flatten the proportion of technology stocks in the portfolio, which will limit the performance of technology stocks.</p><p><b>Hang Seng Asset Management: Growth stocks can outperform value stocks in the second half of the year</b></p><p>Xue Yonghui, director and investment director of Hang Seng Investment Management, said that the global supervision of technology companies has been strengthened, but the market has roughly digested the news and companies are adapting to the new environment. On the other hand, growth stocks have begun to adjust since February, and now some technology stocks have begun to return to more attractive levels. There is an opportunity to wait for low absorption. I believe that growth stocks will outperform value stocks in the second half of the year.</p><p>Optimistic about domestic demand, Internet companies (e-commerce, life platforms), aging population and pharmaceutical innovation, environmental protection (new energy, electric vehicles, electric vehicle batteries), real estate (property management, real estate online platforms) and other industries, but bearish on energy, telecommunications and other sectors.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://news.ushknews.com/mobile/details.html?id=1003334&type=news\">美港电讯APP</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ad2dd670f9557c66480c84fc5e4bd415","relate_stocks":{"HSI":"恒生指数",".DJI":"道琼斯"},"source_url":"https://news.ushknews.com/mobile/details.html?id=1003334&type=news","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180159838","content_text":"美股今年迄今取得较大涨幅，市场关注美联储通胀及加息表态，港股今年迄今经历“过山车式”走势，大行对于下半年表现预期不一，有哪些需要关注的？美股下半年展望\n上周美股大幅反弹，纳指及标普500指数指数均刷新历史高位。受益于经济复苏，美股2021年迄今取得了较大的涨幅，道指累涨12.51%，纳指累涨11.42%，标普500指数累涨13.97%。市场关注美联储关于通胀及加息的表态，大行对于下半年走势预期不一，哪些板块值得关注？\n瑞信：股市表现将优于其他资产\n瑞士信贷预计，随着各国逐步重新开放经济，全球经济增长将在未来几个月加快。在这个过程中，股市表现将优于其他资产。瑞信在下半年展望策略报告中写到，预计全球经济在2021年的同比增长5.9%，2022年全球经济增速达到4%。增长的动力主要来自于疫苗接种的进程推进，财政刺激和更广泛的服务业复苏。\n瑞信南亚首席投资官Ray Farris表示，经济扩张可能会导致全球盈利增长大幅复苏，提振股市。他对媒体表示：“我们希望股票成为未来六个月至一年内表现优异的资产类别。只要盈利继续保持上升趋势，历史表明，股市将一路攀升。也许在这个过程中会不断出现调整，但调整即机会。”\n在股市方面，瑞信表示，更倾向于投资金融和材料等周期性行业，特别是欧洲地区的周期股。该行称，欧洲周期股预计和美股中的周期股一样，将获得丰厚的利润，但是估值处于数十年中的较低水平。\n大摩：看好必需品、医疗保健和原料股\n从以往中周期过渡的经验来看，大摩认为美股将发生15%左右的回调。该行表示，在经历了有史以来最乐观的季度收益修正后，明年的普遍预估现在高于其分析师所预测的复苏开始以来的可实现水平。更具体地说，考虑到通胀和税收的不利因素，该行认为利润率预估过高，市场应该开始通过降低估值来考虑这些因素。\n在加大基础设施支出的推动下，该行下调了相关企业的评级。在其看来，基础设施支出中的大部分已被合理定价，而且此类项目通常需要更长的时间才能产生效果。此外，许多工业企业将受到供应链中不断加剧的通胀和劳动力短缺的最大影响。相反，该行继续青睐金融类股和原料类股，以此来应对不断上升的通胀。与科技股相比，医疗保健服务企业的估值更低，且被压抑的需求更大。\n大摩看好的仍是必需品、医疗保健和原料股而非科技股、非必需品和工业股。大摩也继续看好银行股，认为它们是应对通胀的最佳途径，并建议避开半导体、零售商、建筑建材等为早周期的代表性行业。最后，回顾整个投资组合，为公司价值寻找合理的估值仍是重要考虑因素。\n中信证券：加税是美股下半年最大的风险\n6月5日的G7财长会议通告支持征收15%全球最低税率的提议，但我们判断，此提议若无法在OECD或G20的框架下推出，预计对跨国企业税负的影响有限。但拜登国内加税提案如落地，预计将是美股下半年最大的风险：1)企业所得税的上调将直接冲击美股盈利，而当前有效税率较低、海外收入占比高的科技和医药行业受冲击预计最大；2)资本利得税若上调至39.6%，料将引发投资者抛售，今年2月以来“散户加杠杆”入市的趋势或逆转；3)二战以来，美国历史上从未出现过个人所得税、企业所得税以及资本利得税共同上调的现象。因此，美国单边上调税率的行为如果落地，或导致中长期国内资金流出。\n在疫苗接种率持续提升的背景下，今年下半年全球经济预计维持重启态势。短期“需求正常化”vs“供给瓶颈”所导致的价格压力也将逐步消退。对于美国，虽然下半年美联储大概率维持超宽松的货币政策，但鉴于当前标普500的高位估值已透支了基本面超预期的利好，Taper信号的释放迭加拜登的加税如若分别在8月和9月落地，或意味着今年2月以来“散户加杠杆”助推的美股在3季度会面临风险集中爆发。\n惠峰国际发展：料标指年底见4,200点至4,300点\n惠峰国际发展董事张玉峰表示，由于疫苗接种及经济重启等利好因素，看好美股下半年的表现，料标指年底见4,200点至4,300点。虽然最近美国通胀预期升温，加上美联储近期放鹰，但他认为若不是短线投资者，就不需要将这些因素看得太重。大家都会对加息及通胀消息感到敏感，但美联储的言论其实随时都会变，买美股最重要是留意公司的未来发展。\n在经济复甦的背景下，看好金融股及健康护理板块。由于现时市场上的资金增加，留意到自5月起美国金融活动例如SPEC及IPO表现活跃，加上现时金融业兴起结合人工智能技术的概念，将大大加快行业的发展。\n美股市场上半年出现板块轮替的现象，很多科技股的估值都出现折让，但长期仍看好科技股，而且并不是整个板块都受到拖累，一些大型的科技股，例如谷歌A、亚马逊等表现并不差，受影响的主要是中小型科技股。展望下半年将会有多家科技股上市，有望带动科技板块的气氛，从而令此板块的表现改善。\n兴业证券：美股不是熊市，但脆弱性波动性加大，成长有望跑赢\n研报指出，下半年美国经济或步入“类滞胀”，经济走弱、通胀高位震荡。美股下半年熊市概率小，通过震荡来延续行情的概率大。欧美流动性环境依然宽松，经济增速放缓但仍有韧性，Taper和加税的影响仍在预期阶段。\n美股市场有基本面支撑的成长股将有望再次跑赢。以FAANGs为代表的美股成长龙头的估值并不高，有望稳住人气。其次，下半年美债收益率将维持区间震荡，不同于上半年的快速提升，所以，成长股的估值风险释放告一段落。另外，下半年业绩增长转向内生驱动。美股周期价值风格过去大半年受益于周期复苏而明显跑赢，下半年将随着美国库存周期动能趋弱而承压。成长股将分化，具备长期内生增长动能的成长股将开始新的上行。但是，题材性成长股或者透支了高增长预期的高估值板块仍将被抛弃。\n港股下半年展望\n上周的港股经历先升后跌，尤其是科技股迎来小幅反弹。今年迄今，港股经历“过山车式”走势，整体表现落后于其他主要股指，恒指累涨7.48%，国指累涨1.17%，红筹指数累涨7.35%。\n中金：大盘指数表现仍相对平淡重拾新经济\n展望下半年，我们认为虽然港股大盘指数表现可能仍相对平淡，但结构性吸引力已经具备，重点在于“新经济”相关板块。整体来看，我们预计恒生国企和MSCI中国指数有望分别攀升至11900点和114点，较当前隐含大约10%和4%的上涨空间，主要驱动力来自盈利分别上调8%和9%，而估值变化分别扩张4%和收缩2%。预计海外中资股2021年净利润增速有望达到24.4%，其中非金融板块和金融板块净利润将分别增长35.2%和16.3%。\n我们预计，在当前经济增长仍保持稳健且高杠杆等结构性问题仍是政策焦点的背景下，国内货币政策将保持基本稳定。如果后续增长面临更大压力且外部不确定性随着美联储减量开启而增减，不排除国内有一定政策作为对冲。我们认为在美联储QE减量前整体流动性将会维持相对友好状态。另外，从中长期角度，香港市场不断壮大的新经济格局将持续提升其对国内外资金的长期吸引力。\n具体看，我们建议超配信息技术、大消费、医疗保健、部分制造业、能源、多元金融，但建议标配或低配房地产、保险、公用事业等。除了基于宏观配置思路外，我们还提供高质量(ROE vs。 PEG)和高景气度(资本开支)两个行业配置思路。中期看，我们认为中国率先从疫情影响中修复并回归常态化，将推动市场重新关注中国原本的内在长期结构性趋势(如消费和产业升级)带来的机遇，如电动汽车、新能源(包括太阳能)、科技硬件、半导体、大消费和医药生物等。\n建银国际：港股下半年将呈M型走势，最高可见29500点，可重点关注内需股\n建银国际证券研究部董事总经理、研究副主管师赵文利指出，预计港股下半年总体维持区间波动并大致呈现M型走势。恒生指数将在26500点至29500点区间波动，国企波动指数介于9500点至11500点。2021三季度将是市场重要预期的检验窗口。同时，疫情、债息及美元等重要变量面临方向选择，三季度也有可能形成新的风格切换拐点。\n今年下半年香港市场有机会出现新的风格切换，其中成长股有望跑赢价值股。由于中国较欧美早走出疫情，价值股已提前反应。同时经济增速放缓后也可能限制价值股的上升空间。相对而言，一些成长股龙头的中长期成长性能见度高，短周期而言性价比相对价值股较高。\n分行业来看，主要盈利上升板块集中于生物科技、影视娱乐及周期品行业。预测主要下调行业包括医美、软件、酒旅和地产相关的板块。建议重点关注“能见度”高及有政策支持的内需股，如消费、生物医药、硬件科技、汽车等行业。同时逢低吸纳优质新经济成长股龙头，逐步减持顺周期的价值股。\n广发：港股科技严重低估于全球\n广发香港策略研究指出自今年2月中旬以来，港股市场的大型科网股走势显著承压，主要受平台经济监管措施逐步收紧、全球范围内“宅经济”红利减退和美债收益率走高等三大因素所制约。不过，站在2021年年中的时间点上来看，上述的三大不利因素所带来的负面影响正在边际减退，香港大型科网股的长线布局价值逐渐浮现。\n大型科网股估值水平基本都已经回落到历史均值以下，重新具备了良好的投资性价比和较为充足的安全边际。恒生指数预期PEG估值大幅低估与纳指和创业板指数，未来跨市场间“估值差”的收敛也有望成为港股科网巨企走强的支撑动能。加之反垄断政策“刮骨疗毒”，短期负面影响可控，长期有助于增强行业活力。随着阿里处罚的落地，政策面的不确定性也有所下降。尽管全球宅经济逐步退潮，港股大型科网公司的业绩仍具备较强韧性。\n今年一季度，港股科网巨头的业绩基本都处于市场预期内，部分甚至超出预期。虽然疫情的红利逐步消退，但经济转型的红利却仍在持续释放的过程之中，科网行业各龙头企业凭借着稳健高效的商业模式和良好的公司治理将显著受益。\n野村：建议选择金融、周期性股票作为通胀对冲\n野村发表研究报告，形容亚太区股市下半年正处于十字路口，预期股市会受益于强劲的企业盈利前景而上升，对2021及2022年MSCI亚洲指数（日本除外）的目标为900点及974点，虽然通胀过强及政策正常化的说法增强，存在短期回调的风险，但对中期内亚洲股市持积极态度。野村则给予香港股市减持评级，预测2021年市盈率为19.2倍。该行建议投资者平衡投资组合，以主题性及具有吸引估值的股票如金融、周期性股票作为通胀对冲。\n野村推荐的十只港股包括，腾讯控股、阿里巴巴、比亚迪股份、招商银行、安踏体育、海底捞、新城发展控股、中国太平、威高股份及长和。\n光大新鸿基证券：下半年港股走势审慎乐观，恒指高位或见31000点\n光大新鸿基证券发表下半年展望报告，策略师伍礼贤表示，对下半年港股走势审慎乐观，高位或见31000点，低位则或见26000点。他又表示，对下半年科网股看法较为正面，因上半年相关行业的股价表现较落后，其业绩基本面不错，今年下半年有望追落后，料今年下半年恒生科技指数高位有机会出现在9000点附近，而支持位则在7400点。该行亦预测，国企指数的下半年目标为11800点。\n伍礼贤又指出，预期港股下半年将延续上半年估值修复的主基调，新旧经济股份均有不同的表现机会，而周期性股份升势或现放缓，当中值得看好的4大板块，包括新经济、石油能源、家电消费及通讯服务。\n瑞信：恒指下半年看升 年底目标30000点\n瑞信大中华区首席投资总监邵志铭表示，对港股下半年走势看升，恒生指数在今年底目标为30000点，但港股短线仍受制于内地收紧银根的力度。他估计，最快在第三季末至第四季，内地银根偏紧的情况或有改善，促使流入港股的资金回升，带动市场气氛。\n邵志铭指出，利好港股的因素还包括，全球经济增长前景乐观，以及人民币升值潜力会为中资股提供支持。目前看好内地可持续板块，例如太阳能、风能和电动车行业，对中资科技股则维持中性看法。\n部分大型科网公司已表明，短线会拨出盈利用作中长线投资，料科技股在未来两个季度的盈利表现，将难以给予市场惊喜。而且价值型股票估值仍吸引，投资者继续增持价值型股票，平冲投资组合中科技股的比重，都会限制科技股的表现。\n恒生资管：下半年成长股升幅可跑赢价值股\n恒生投资管理董事兼投资总监薛永辉表示，环球加强对科技企业的监管，但市场已大致消化消息，企业亦正适应新环境。另一方面，成长股2月起展开调整，现时开始有科技股回到较为吸引的水平，有机会可候低吸纳，相信下半年成长股升幅可跑赢价值股。\n看好内需、互联网企业（电商、生活平台）、人口老化及医药创新、环保（新能源、电动车、电动车电池）、房地产（物管、房产在线平台）等行业，但看淡能源、电讯等板块。","news_type":1,"symbols_score_info":{"HSI":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":706,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150245969,"gmtCreate":1624918330551,"gmtModify":1703847693595,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/150245969","repostId":"1189694806","repostType":4,"repost":{"id":"1189694806","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624894784,"share":"https://ttm.financial/m/news/1189694806?lang=en_US&edition=fundamental","pubTime":"2021-06-28 23:39","market":"us","language":"zh","title":"[Change] New car-making forces have completely exploded, and Nio vehicles rose 9%","url":"https://stock-news.laohu8.com/highlight/detail?id=1189694806","media":"老虎资讯综合","summary":"6月28日，中概新能源车股持续走高，蔚来涨9%，理想汽车涨超7%，小鹏汽车涨超6%。","content":"<p>On June 28, Zhonggai new energy vehicle stocks continued to rise.<a href=\"https://laohu8.com/S/NIO\">Nio</a>Up 9%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Rose more than 7%,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Up more than 6%.</p><p><img src=\"https://static.tigerbbs.com/51155eb57192c0b7db9dad0dfa6326f3\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>[Change] New car-making forces have completely exploded, and Nio vehicles rose 9%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n[Change] New car-making forces have completely exploded, and Nio vehicles rose 9%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-28 23:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On June 28, Zhonggai new energy vehicle stocks continued to rise.<a href=\"https://laohu8.com/S/NIO\">Nio</a>Up 9%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Rose more than 7%,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Up more than 6%.</p><p><img src=\"https://static.tigerbbs.com/51155eb57192c0b7db9dad0dfa6326f3\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1f36b37eb8e9efe8641c7be55a7da26d","relate_stocks":{"NIO":"蔚来","LI":"理想汽车"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189694806","content_text":"6月28日，中概新能源车股持续走高，蔚来涨9%，理想汽车涨超7%，小鹏汽车涨超6%。","news_type":1,"symbols_score_info":{"LI":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":774,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121177677,"gmtCreate":1624457727799,"gmtModify":1703837355405,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121177677","repostId":"1102688637","repostType":4,"repost":{"id":"1102688637","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624449865,"share":"https://ttm.financial/m/news/1102688637?lang=en_US&edition=fundamental","pubTime":"2021-06-23 20:04","market":"us","language":"zh","title":"Pre-market: The three major futures indexes rose collectively, and the concept of blockchain rebounded","url":"https://stock-news.laohu8.com/highlight/detail?id=1102688637","media":"老虎资讯综合","summary":"6月23日（周三），美股三大指数期货集体上涨，道指期货涨幅居前。今日，美国将公布6月Markit制造业、服务业和综合PMI，投资者可从中了解美国经济复苏势头状况。另外，联邦公开市场委员会(FOMC)委","content":"<p>On June 23 (Wednesday), the three major U.S. stock index futures rose collectively, with Dow futures leading the gains. Today, the United States will release the Markit manufacturing, service and comprehensive PMI for June, from which investors can learn about the momentum of the U.S. economic recovery. Separately, FOMC members Michelle Bowman, Eric Rosengren and Raphael Bostic will speak.</p><p><img src=\"https://static.tigerbbs.com/4965e98a5db6465f0465b6b52e84211a\" tg-width=\"703\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><b>Pre-market trend of Chinese concept stocks</b></p><p><a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>It rose 4.4% before the market. According to Hong Kong Stock Exchange documents, XPeng Motors passed the listing hearing of Hong Kong Stock Exchange. XPeng Motor's Hong Kong stock listing is a \"dual primary listing\", and it is also the first dual listing of major Chinese concept stocks in Hong Kong and the United States in three years. Unlike other \"secondary listing\" Chinese concept stocks in Hong Kong stocks that cannot be accessed through Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, XPeng Motor's Hong Kong stock IPO will return to Hong Kong stocks in the form of \"dual primary listing\", which can meet the requirements of Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect. The access conditions of Hong Kong Stock Connect are convenient for A-share investors to invest through Hong Kong Stock Connect and activate stock transactions.</p><p>At the same time,<a href=\"https://laohu8.com/S/NIO\">Nio</a>、<a href=\"https://laohu8.com/S/LI\">Li Auto</a>It rose more than 2% before the market.</p><p>\"Truck version of Didi\"<a href=\"https://laohu8.com/S/YMM\">Manbang</a>The group fell more than 4% before the market. Manbang Group officially landed on the New York Stock Exchange yesterday, closing up 13% on the first day of listing, and its market value exceeded 23 billion US dollars.</p><p><a href=\"https://laohu8.com/S/CD\">Chindata</a>It rose nearly 7% before the market, after announcing a strategic cooperation with Tencent.</p><p><a href=\"https://laohu8.com/S/ZKIN\">Zhengkang International Group</a>It rose 6.4% before the market, after announcing that it would expand its business in Europe and North America.</p><p>The blockchain concept rose before the market,<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>Up nearly 5%,<a href=\"https://laohu8.com/S/NCTY\">The ninth city</a>Up 3.91%,<a href=\"https://laohu8.com/S/EBON\">Ebang International</a>Up 2.62%.</p><p><b>Important US stocks</b></p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It rose 1.55% before the market. Tesla recently announced that it will recall some imported Model 3 models in China. Foreign media reported that according to a company statement obtained, Tesla said the recall had nothing to do with brake failure.</p><p><a href=\"https://laohu8.com/S/BRK.B\">Berkshire B</a>It fell 0.01% before the market. Buffett will distribute $4.1 billion worth of Berkshire Hathaway stock. Buffett said that \"the promise of distributing all Berkshire Hathaway shares is slowly being fulfilled, and tax breaks are important to many people.\"</p><p>Canadian biopharmaceutical companies<a href=\"https://laohu8.com/S/ACST\">Acasti Pharma</a>It rose 30% before the market, and the loss per share in fiscal year 2021 narrowed year-on-year.</p><p>Specialty Pharmaceutical Company<a href=\"https://laohu8.com/S/TENX\">Tenax Therapeutics</a>It rose more than 12% before the market, and the stock will officially join the Russell Microstock Index on June 28.</p><p>Digital advertising management platform ALFI fell more than 16% before the market. Yesterday, the company announced the repurchase of US $2 million in shares, closing up 108%.</p><p>Clinical-stage biopharmaceutical companies<a href=\"https://laohu8.com/S/MLND\">Millendo Therapeutics</a>It fell nearly 14% before the market, after announcing that the merger with Tempest Therapeutics was approved and will begin trading as \"TPST\" on Friday.</p><p><b>Commodities</b></p><p>International oil prices fluctuated higher. Earlier industry data showed that U.S. crude oil inventories fell more than expected, reinforcing the view that road and air travel in Europe and North America is heating up and the balance between supply and demand is tightening.</p><p>As of press time, WTI crude oil futures prices were at US $73.62/barrel, a decrease of 1.06%; Brent crude oil futures prices were at $75.61 per barrel, a decrease of 1.07%.</p><p><img src=\"https://static.tigerbbs.com/5c3c03c94c894c65f9e21f3c119c2fed\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>International gold prices rebounded. Federal Reserve Chairman Jerome Powell has pledged to keep interest rates near zero for some time and will not rate hike too quickly based solely on fears of rising short-term inflation.</p><p>As of press time, the price of gold futures in the New York market was at $1,786.70 per ounce, an increase of 0.52%.</p><p><img src=\"https://static.tigerbbs.com/14dacce7e1bd4143c7a8e3e1e744bb87\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-market: The three major futures indexes rose collectively, and the concept of blockchain rebounded</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-market: The three major futures indexes rose collectively, and the concept of blockchain rebounded\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-23 20:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On June 23 (Wednesday), the three major U.S. stock index futures rose collectively, with Dow futures leading the gains. Today, the United States will release the Markit manufacturing, service and comprehensive PMI for June, from which investors can learn about the momentum of the U.S. economic recovery. Separately, FOMC members Michelle Bowman, Eric Rosengren and Raphael Bostic will speak.</p><p><img src=\"https://static.tigerbbs.com/4965e98a5db6465f0465b6b52e84211a\" tg-width=\"703\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><b>Pre-market trend of Chinese concept stocks</b></p><p><a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>It rose 4.4% before the market. According to Hong Kong Stock Exchange documents, XPeng Motors passed the listing hearing of Hong Kong Stock Exchange. XPeng Motor's Hong Kong stock listing is a \"dual primary listing\", and it is also the first dual listing of major Chinese concept stocks in Hong Kong and the United States in three years. Unlike other \"secondary listing\" Chinese concept stocks in Hong Kong stocks that cannot be accessed through Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, XPeng Motor's Hong Kong stock IPO will return to Hong Kong stocks in the form of \"dual primary listing\", which can meet the requirements of Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect. The access conditions of Hong Kong Stock Connect are convenient for A-share investors to invest through Hong Kong Stock Connect and activate stock transactions.</p><p>At the same time,<a href=\"https://laohu8.com/S/NIO\">Nio</a>、<a href=\"https://laohu8.com/S/LI\">Li Auto</a>It rose more than 2% before the market.</p><p>\"Truck version of Didi\"<a href=\"https://laohu8.com/S/YMM\">Manbang</a>The group fell more than 4% before the market. Manbang Group officially landed on the New York Stock Exchange yesterday, closing up 13% on the first day of listing, and its market value exceeded 23 billion US dollars.</p><p><a href=\"https://laohu8.com/S/CD\">Chindata</a>It rose nearly 7% before the market, after announcing a strategic cooperation with Tencent.</p><p><a href=\"https://laohu8.com/S/ZKIN\">Zhengkang International Group</a>It rose 6.4% before the market, after announcing that it would expand its business in Europe and North America.</p><p>The blockchain concept rose before the market,<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>Up nearly 5%,<a href=\"https://laohu8.com/S/NCTY\">The ninth city</a>Up 3.91%,<a href=\"https://laohu8.com/S/EBON\">Ebang International</a>Up 2.62%.</p><p><b>Important US stocks</b></p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It rose 1.55% before the market. Tesla recently announced that it will recall some imported Model 3 models in China. Foreign media reported that according to a company statement obtained, Tesla said the recall had nothing to do with brake failure.</p><p><a href=\"https://laohu8.com/S/BRK.B\">Berkshire B</a>It fell 0.01% before the market. Buffett will distribute $4.1 billion worth of Berkshire Hathaway stock. Buffett said that \"the promise of distributing all Berkshire Hathaway shares is slowly being fulfilled, and tax breaks are important to many people.\"</p><p>Canadian biopharmaceutical companies<a href=\"https://laohu8.com/S/ACST\">Acasti Pharma</a>It rose 30% before the market, and the loss per share in fiscal year 2021 narrowed year-on-year.</p><p>Specialty Pharmaceutical Company<a href=\"https://laohu8.com/S/TENX\">Tenax Therapeutics</a>It rose more than 12% before the market, and the stock will officially join the Russell Microstock Index on June 28.</p><p>Digital advertising management platform ALFI fell more than 16% before the market. Yesterday, the company announced the repurchase of US $2 million in shares, closing up 108%.</p><p>Clinical-stage biopharmaceutical companies<a href=\"https://laohu8.com/S/MLND\">Millendo Therapeutics</a>It fell nearly 14% before the market, after announcing that the merger with Tempest Therapeutics was approved and will begin trading as \"TPST\" on Friday.</p><p><b>Commodities</b></p><p>International oil prices fluctuated higher. Earlier industry data showed that U.S. crude oil inventories fell more than expected, reinforcing the view that road and air travel in Europe and North America is heating up and the balance between supply and demand is tightening.</p><p>As of press time, WTI crude oil futures prices were at US $73.62/barrel, a decrease of 1.06%; Brent crude oil futures prices were at $75.61 per barrel, a decrease of 1.07%.</p><p><img src=\"https://static.tigerbbs.com/5c3c03c94c894c65f9e21f3c119c2fed\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>International gold prices rebounded. Federal Reserve Chairman Jerome Powell has pledged to keep interest rates near zero for some time and will not rate hike too quickly based solely on fears of rising short-term inflation.</p><p>As of press time, the price of gold futures in the New York market was at $1,786.70 per ounce, an increase of 0.52%.</p><p><img src=\"https://static.tigerbbs.com/14dacce7e1bd4143c7a8e3e1e744bb87\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ed4ee39e6b0f45214393093d70ba81a8","relate_stocks":{".DJI":"道琼斯"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102688637","content_text":"6月23日（周三），美股三大指数期货集体上涨，道指期货涨幅居前。今日，美国将公布6月Markit制造业、服务业和综合PMI，投资者可从中了解美国经济复苏势头状况。另外，联邦公开市场委员会(FOMC)委员鲍曼(Michelle Bowman)、罗森格伦(Eric Rosengren)和博斯蒂克(Raphael Bostic)将发表讲话。\n\n中概股盘前走势\n小鹏汽车盘前涨4.4%。据港交所文件，小鹏汽车通过港交所上市聆讯。小鹏汽车本次港股上市为“双重主要上市”，也是三年内首个香港、美国两地重大中概股双重上市。与其他港股“二次上市”的中概股无法通过沪港通、深港通接入不同，小鹏汽车本次港股IPO将以“双重主要上市”方式回归港股，可满足沪港通和深港通的接入条件，便于A股投资者借助港股通投资，活跃股票成交。\n同时，蔚来、理想汽车盘前涨超2%。\n“货车版滴滴”满帮集团盘前跌超4%。满帮集团昨天正式登陆纽交所，上市首日收涨13%，市值突破230亿美元。\n秦淮数据盘前涨近7%，此前宣布与腾讯达成战略合作。\n正康国际集团盘前涨6.4%，此前宣布将在欧洲和北美扩张业务。\n区块链概念盘前走高，嘉楠科技涨近5%，第九城市涨3.91%，亿邦国际涨2.62%。\n重要美股\n特斯拉盘前涨1.55%。特斯拉近期宣布，该公司将在中国召回部分进口Model 3车型。 外媒报道称，根据获得的一份该公司声明中显示，特斯拉称此次召回与刹车失灵无关。\n伯克希尔B盘前跌0.01%。巴菲特将派发价值41亿美元的伯克希尔哈撒韦公司股票。巴菲特表示“正在慢慢实现派发所有伯克希尔哈撒韦的股票这一承诺，税收减免对很多人来说都很重要”。\n加拿大生物制药公司Acasti Pharma盘前大涨30%，2021财年每股亏损同比缩小。\n专科制药公司Tenax Therapeutics盘前涨超12%，该股将在6月28日正式加入罗素微股指数。\n数字广告管理平台ALFI盘前跌超16%，昨日公司宣布回购200万美元股票，收涨108%。\n临床阶段生物制药公司Millendo Therapeutics盘前跌近14%，此前宣布与Tempest Therapeutics的合并获批，将在周五开始以“TPST”交易。\n大宗商品\n国际油价震荡走高。此前行业数据显示美国原油库存降幅大于预期，强化了欧洲和北美公路和航空旅行升温，供求平衡趋紧的观点。\n截至发稿，WTI原油期货价格报73.62美元/桶，跌幅1.06%；布伦特原油期货价格报75.61美元/桶，跌幅1.07%。\n\n国际金价反弹。美联储主席鲍威尔承诺在一段时间内将利率维持在接近零的水平，不会仅仅基于对短期通胀上升的恐惧而过快加息。\n截至发稿，纽约市场黄金期货价格报1786.70美元/盎司，涨幅0.52%。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":709,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121175219,"gmtCreate":1624457699531,"gmtModify":1703837352825,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121175219","repostId":"2145929670","repostType":4,"repost":{"id":"2145929670","kind":"highlight","pubTimestamp":1624452183,"share":"https://ttm.financial/m/news/2145929670?lang=en_US&edition=fundamental","pubTime":"2021-06-23 20:43","market":"us","language":"zh","title":"Tesla's Q2 delivery volume is expected to hit a new high, is the buying point arrived?","url":"https://stock-news.laohu8.com/highlight/detail?id=2145929670","media":"金十数据","summary":"市场普遍预期Q2交付量将再创新高，如何把握时机提早布局？","content":"<p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>CEO Musk sent an internal email to employees on the 18th local time. The email did not disclose the actual production and delivery targets for the second quarter, but only made encouragement and requests:</p><p>\"Overall, we are executing well, but the next 12 days are very important for production and deliveries this quarter. Please give your all!\" Musk did not disclose the number of deliveries completed so far and the Q2 target in the letter, but<b>Analysts expect the number of deliveries this quarter to reach 198,000-200,000, setting a new high for quarterly deliveries.</b></p><p>Judging from the wording of the email, Musk seems to believe that the delivery target for the second quarter is achievable, but in order to achieve this goal, the team needs to make a very fierce sprint at the end of the quarter.</p><p>With less than two weeks left in the second quarter, there's a good chance that Tesla will do what it can to deliver as many vehicles as possible by the end of the month, given the trend of launching a massive push at the end of the quarter.</p><p><b>Q1 Delivery Data Review</b></p><p>In the first quarter of this year, Tesla delivered 184,800 electric vehicles and produced 180,338 vehicles, both hitting record highs. According to delivery data, all electric vehicles produced by Tesla in the first quarter were Model 3 and Model Y models, and production of the more expensive Model S and Model X models was zero.</p><p>At the same time, the 2020 Model S and Model X delivered in the first quarter all came from previous production inventories, and their deliveries only accounted for 1% of the total deliveries in the quarter. The figure below shows the delivery volume of Tesla Model S/X/3/Y as of the first quarter of 2021:</p><p><img src=\"https://static.tigerbbs.com/f922029c3a0ba8d1f3227eb32e8c8bee\" tg-width=\"960\" tg-height=\"463\" referrerpolicy=\"no-referrer\"></p><p><b>Q2 Delivery Forecast</b></p><p>For Tesla, the rapid growth in sales is very important because traditional auto leaders have awakened and are boosting plug-in car sales for most brands. The new factory in Texas is a key factor in further growth, as the start-up of the factory in Germany appears to be \"challenging.\"</p><p>Tesla loyal fan Troy Teslike estimates that,<b>In the second quarter, 198,000 deliveries are possible (he previously expected 192,000 vehicles)</b>, which would support the 200,000-vehicle argument-another symbolic milestone. Troy Teslike also predicts that Tesla will deliver 838,000 vehicles throughout 2021. The picture below is his prediction data:</p><p><img src=\"https://static.tigerbbs.com/a6540ca353b7336cb0291d9c95645713\" tg-width=\"566\" tg-height=\"766\" referrerpolicy=\"no-referrer\"></p><p>Front<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>CIO Gary Black said that with U.S./China Model Y deliveries (expected) reaching new highs in the second quarter, and Chinese and U.S.-made Model 3 exports to the EU setting records every quarter,<b>Tesla's second-quarter deliveries may reach 210,000-215,000 vehicles (market expectations are 205,000 vehicles)</b>After the second quarter, the market's expectation for Tesla's fiscal 2021 delivery volume may be close to 900,000 vehicles (the current forecast is 866,000 vehicles).</p><p>Tesla short GLJ Research analyst Gordon Johnson lowered his expectations for Tesla's (TSLA.O) second-quarter deliveries while raising his expectations for full-year fiscal 2021 deliveries.<b>The second quarter delivery forecast was lowered from 196,000 to 194,000, while the full-year 2021 delivery forecast was raised from 783,900 to 799,700</b>。 We made this adjustment because we think sales in China will be around 30,000 in June, Johnson said.</p><p>The Motley Fool reports that Tesla may need to more than double its second-quarter deliveries year-over-year to meet the company's updated guidance in the first quarter of more than 50% increase in full-year deliveries from 2020 levels. But this should not be too difficult. If the delivery volume of the first quarter is maintained in the second quarter, it can also achieve a year-on-year growth rate of 104%.</p><p><b>However, supply shortages remain a potential challenge, especially in semiconductor, logistics and shipping port capacity constraints</b>。 Given the optimistic signals released by Tesla's management, deliveries in the second quarter are expected to increase compared with the first quarter.</p><p><b>Model S Make efforts to deliver</b></p><p>Previously, on June 10, Tesla held a delivery ceremony for the Model S Plaid version at the test drive factory next to the Fremont Gigafactory. At the event, Tesla CEO Musk announced that the company will deliver 25 Model S Plaid vehicles that night. In addition, Musk also added that hundreds of Model S Plaid vehicles will be delivered every week soon, and thousands of Model S Plaid vehicles will be delivered every week next quarter.</p><p>Days after Tesla officially delivered the first batch of Model S Plaid, drones patrolling the Fremont factory showed that the company is now mass-producing the car. In addition, judging from the videos and photos shared by netizens on social media, some Model S Plaid are in transit. Coupled with the growing Model S fleet in the Fremont factory, Tesla seems to want to ensure that this newly released The car can be delivered to customers before the end of the quarter.</p><p><img src=\"https://static.tigerbbs.com/20cb3d4a2cc9c0f4e1e2181891cab618\" tg-width=\"554\" tg-height=\"299\" referrerpolicy=\"no-referrer\"></p><p>Recently, according to foreign media reports, as the second quarter of 2021 draws to an end, the delivery speed of Tesla Model S has accelerated. Foreign media predict that Tesla's production and delivery in the second quarter will be particularly tight. Due to the delay in the release of new models, there is a large backlog of delivery orders for Model S. In addition, shipments of more than 10,000 vehicles were put on hold in May, which also delayed the delivery of many orders until Tesla launched its new computer vision system.</p><p><b>Historical stock price trends on the day Tesla announced quarterly delivery data and the previous five days</b></p><p>From Q1 2020 to Q1 this year, Tesla's delivery volume exceeded market consensus expectations for five consecutive quarters, and the stock price rose by more than 3% on the day of the announcement four times, as shown in the chart below. As the second quarter draws to an end, investors may be able to find patterns from previous market charts, seize the opportunity, and make arrangements in advance!</p><p><img src=\"https://static.tigerbbs.com/bedab4feccd75ca5c4d48fd2872c022c\" tg-width=\"1242\" tg-height=\"3620\" referrerpolicy=\"no-referrer\"></p>","source":"xnew_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla's Q2 delivery volume is expected to hit a new high, is the buying point arrived?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla's Q2 delivery volume is expected to hit a new high, is the buying point arrived?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">金十数据</strong><span class=\"h-time small\">2021-06-23 20:43</span>\n</p>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>CEO Musk sent an internal email to employees on the 18th local time. The email did not disclose the actual production and delivery targets for the second quarter, but only made encouragement and requests:</p><p>\"Overall, we are executing well, but the next 12 days are very important for production and deliveries this quarter. Please give your all!\" Musk did not disclose the number of deliveries completed so far and the Q2 target in the letter, but<b>Analysts expect the number of deliveries this quarter to reach 198,000-200,000, setting a new high for quarterly deliveries.</b></p><p>Judging from the wording of the email, Musk seems to believe that the delivery target for the second quarter is achievable, but in order to achieve this goal, the team needs to make a very fierce sprint at the end of the quarter.</p><p>With less than two weeks left in the second quarter, there's a good chance that Tesla will do what it can to deliver as many vehicles as possible by the end of the month, given the trend of launching a massive push at the end of the quarter.</p><p><b>Q1 Delivery Data Review</b></p><p>In the first quarter of this year, Tesla delivered 184,800 electric vehicles and produced 180,338 vehicles, both hitting record highs. According to delivery data, all electric vehicles produced by Tesla in the first quarter were Model 3 and Model Y models, and production of the more expensive Model S and Model X models was zero.</p><p>At the same time, the 2020 Model S and Model X delivered in the first quarter all came from previous production inventories, and their deliveries only accounted for 1% of the total deliveries in the quarter. The figure below shows the delivery volume of Tesla Model S/X/3/Y as of the first quarter of 2021:</p><p><img src=\"https://static.tigerbbs.com/f922029c3a0ba8d1f3227eb32e8c8bee\" tg-width=\"960\" tg-height=\"463\" referrerpolicy=\"no-referrer\"></p><p><b>Q2 Delivery Forecast</b></p><p>For Tesla, the rapid growth in sales is very important because traditional auto leaders have awakened and are boosting plug-in car sales for most brands. The new factory in Texas is a key factor in further growth, as the start-up of the factory in Germany appears to be \"challenging.\"</p><p>Tesla loyal fan Troy Teslike estimates that,<b>In the second quarter, 198,000 deliveries are possible (he previously expected 192,000 vehicles)</b>, which would support the 200,000-vehicle argument-another symbolic milestone. Troy Teslike also predicts that Tesla will deliver 838,000 vehicles throughout 2021. The picture below is his prediction data:</p><p><img src=\"https://static.tigerbbs.com/a6540ca353b7336cb0291d9c95645713\" tg-width=\"566\" tg-height=\"766\" referrerpolicy=\"no-referrer\"></p><p>Front<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>CIO Gary Black said that with U.S./China Model Y deliveries (expected) reaching new highs in the second quarter, and Chinese and U.S.-made Model 3 exports to the EU setting records every quarter,<b>Tesla's second-quarter deliveries may reach 210,000-215,000 vehicles (market expectations are 205,000 vehicles)</b>After the second quarter, the market's expectation for Tesla's fiscal 2021 delivery volume may be close to 900,000 vehicles (the current forecast is 866,000 vehicles).</p><p>Tesla short GLJ Research analyst Gordon Johnson lowered his expectations for Tesla's (TSLA.O) second-quarter deliveries while raising his expectations for full-year fiscal 2021 deliveries.<b>The second quarter delivery forecast was lowered from 196,000 to 194,000, while the full-year 2021 delivery forecast was raised from 783,900 to 799,700</b>。 We made this adjustment because we think sales in China will be around 30,000 in June, Johnson said.</p><p>The Motley Fool reports that Tesla may need to more than double its second-quarter deliveries year-over-year to meet the company's updated guidance in the first quarter of more than 50% increase in full-year deliveries from 2020 levels. But this should not be too difficult. If the delivery volume of the first quarter is maintained in the second quarter, it can also achieve a year-on-year growth rate of 104%.</p><p><b>However, supply shortages remain a potential challenge, especially in semiconductor, logistics and shipping port capacity constraints</b>。 Given the optimistic signals released by Tesla's management, deliveries in the second quarter are expected to increase compared with the first quarter.</p><p><b>Model S Make efforts to deliver</b></p><p>Previously, on June 10, Tesla held a delivery ceremony for the Model S Plaid version at the test drive factory next to the Fremont Gigafactory. At the event, Tesla CEO Musk announced that the company will deliver 25 Model S Plaid vehicles that night. In addition, Musk also added that hundreds of Model S Plaid vehicles will be delivered every week soon, and thousands of Model S Plaid vehicles will be delivered every week next quarter.</p><p>Days after Tesla officially delivered the first batch of Model S Plaid, drones patrolling the Fremont factory showed that the company is now mass-producing the car. In addition, judging from the videos and photos shared by netizens on social media, some Model S Plaid are in transit. Coupled with the growing Model S fleet in the Fremont factory, Tesla seems to want to ensure that this newly released The car can be delivered to customers before the end of the quarter.</p><p><img src=\"https://static.tigerbbs.com/20cb3d4a2cc9c0f4e1e2181891cab618\" tg-width=\"554\" tg-height=\"299\" referrerpolicy=\"no-referrer\"></p><p>Recently, according to foreign media reports, as the second quarter of 2021 draws to an end, the delivery speed of Tesla Model S has accelerated. Foreign media predict that Tesla's production and delivery in the second quarter will be particularly tight. Due to the delay in the release of new models, there is a large backlog of delivery orders for Model S. In addition, shipments of more than 10,000 vehicles were put on hold in May, which also delayed the delivery of many orders until Tesla launched its new computer vision system.</p><p><b>Historical stock price trends on the day Tesla announced quarterly delivery data and the previous five days</b></p><p>From Q1 2020 to Q1 this year, Tesla's delivery volume exceeded market consensus expectations for five consecutive quarters, and the stock price rose by more than 3% on the day of the announcement four times, as shown in the chart below. As the second quarter draws to an end, investors may be able to find patterns from previous market charts, seize the opportunity, and make arrangements in advance!</p><p><img src=\"https://static.tigerbbs.com/bedab4feccd75ca5c4d48fd2872c022c\" tg-width=\"1242\" tg-height=\"3620\" referrerpolicy=\"no-referrer\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://xnews.jin10.com/webapp/details.html?id=76537&type=news\">金十数据</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1b86586210e1f8bc591340d4eb624b89","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://xnews.jin10.com/webapp/details.html?id=76537&type=news","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145929670","content_text":"特斯拉CEO马斯克于当地时间18日给员工发送了一封内部邮件，该邮件并没有透露第二季度实际生产和交付目标，只是做出了鼓舞和要求：\n\n “总的来说，我们执行得很好，但接下来的 12 天对于本季度的生产和交付来说非常重要。请全力以赴！”\n\n马斯克在信件中并没有透露目前已经完成的交付数量以及Q2目标，但分析师预期本季度的交付数量将达到19.8万-20万，刷新季度交付数量新高。\n从邮件措辞来看，马斯克似乎相信第二季度的交付目标是可实现的，但为了实现这一目标，团队需在季度末进行非常激烈的冲刺。\n第二季度只剩下不到两周的时间，考虑到特斯拉在季度末发起大规模推动的趋势，特斯拉很有可能会尽其所能在本月底之前交付尽可能多的汽车。\nQ1交付数据回顾\n今年第一季度，特斯拉电动汽车的交付量达184800辆，产量达180338辆，双双创下历史新高。据交付数据，第一季度特斯拉生产的所有电动汽车均为Model 3和Model Y车型，价格更为昂贵的Model S和Model X车型的产量为零。\n同时，第一季度所交付的2020辆Model S和Model X，均来自此前的生产库存，其交付数量仅占该季度总交付量的1%。下图是截至2021年第一季度，特斯拉Model S/X/3/Y交付量：\n\nQ2交付量预测\n对于特斯拉来说，销量的快速增长非常重要，因为传统汽车龙头企业已经觉醒并正在为大多数品牌提振插电式汽车销量。得州的新工厂是进一步增长的关键因素，因为德国工厂的启动似乎“具有挑战性”。\n特斯拉忠粉Troy Teslike估计，在第二季度，198000辆的交付量是有可能的（他此前给出的预期值为192000辆），这将支持20万辆的论点——另一个象征性的里程碑。Troy Teslike还预测特斯拉2021年全年将交付83.8万辆。下图是他的预测数据：\n\n前高盛CIO Gary Black表示，随着美国/中国第二季度Model Y交付量（预计）达到新高，以及中国及美国产Model 3对欧盟的出口量每个季度都创下纪录，特斯拉第二季度交付量可能达到21万—21.5万辆（市场预期20.5万辆），第二季度后市场对特斯拉2021财年交付量的预期可能接近90万辆（目前的预测为86.6万辆）。\n特斯拉空头GLJ Research分析师Gordon Johnson下调了他对特斯拉(TSLA.O)第二季度交付量的预期，同时上调对2021财年全年交付量的预期。第二季度交付量预期从19.6万下调至19.4万辆，而2021年全年交付量预期从78.39万上调到79.97万辆。Johnson表示，我们之所以做出这一调整，是因为我们认为6月在中国的销量将达到3万辆左右。\nThe Motley Fool报道称，特斯拉可能需要将其第二季度的交付量同比增加一倍以上才能达到公司在第一季度更新的指引，即全年交付量比 2020 年水平增加50%以上。但这应该不会太难，如果第二季度维持一季度的交付量，也能实现104%的同比增长率。\n不过供应短缺仍然是潜在的挑战，尤其是半导体、物流和航运港口容量限制方面。鉴于特斯拉管理层释放的乐观信号，预计第二季度交付量会较第一季度录得增长。\nModel S发力交付\n此前6月10日，特斯拉在弗里蒙特超级工厂旁边的试驾厂举行了Model S Plaid版交付仪式。活动现场，特斯拉CEO马斯克宣布，该公司将于当晚交付25辆Model S Plaid。此外，马斯克还补充表示，很快将每周交付数百辆Model S Plaid，下个季度每周将交付数千辆Model S Plaid。\n在特斯拉正式交付第一批Model S Plaid的几天后，弗里蒙特工厂上空巡查的无人机显示，该公司现在正在批量生产这款车。另外从网友在社交媒体上分享的视频和照片来看，一些Model S Plaid正在运送途中，再加上弗里蒙特工厂内不断增长的Model S车队，特斯拉似乎想要确保这款新发布的汽车能在本季度结束前交付给客户。\n\n近日，据外媒报道，随着2021年第二季度临近结束，特斯拉Model S的交付速度加快。外媒预计，特斯拉二季度的生产和交付都特别紧张，由于新车型发布被推迟，Model S的交付订单大量积压。此外，5月份有1万多辆汽车被搁置发货，这也推迟了许多订单交付，需等到特斯拉推出其新计算机视觉系统。\n特斯拉公布季度交付数据当日及前五日股价历史走势\n2020年Q1至今年Q1，特斯拉连续五个季度的交付量超出市场普遍预期，其中四次在公布当日股价上涨3%以上，如下图所示。随着第二季度临近结束，投资者们或许可以此前几次行情走势图从中找到规律，把握时机，提早布局！","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1028,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120669941,"gmtCreate":1624321766883,"gmtModify":1703833330881,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120669941","repostId":"1128496063","repostType":4,"isVote":1,"tweetType":1,"viewCount":592,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120687105,"gmtCreate":1624321715807,"gmtModify":1703833328611,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120687105","repostId":"2145034445","repostType":4,"repost":{"id":"2145034445","kind":"highlight","pubTimestamp":1624321277,"share":"https://ttm.financial/m/news/2145034445?lang=en_US&edition=fundamental","pubTime":"2021-06-22 08:21","market":"hk","language":"zh","title":"The key price difference of crude oil hits a 7-year high, last time oil prices rose to $100","url":"https://stock-news.laohu8.com/highlight/detail?id=2145034445","media":"华尔街见闻","summary":"周一WTI 9月合约较10月合约的溢价触及1.12美元/桶。过去十三年里，排序第三位和第四位合约价差超过1美元的情况只出现过两次，且随后国际油价都超过了100美元/桶。","content":"<p>Unconsciously, the international crude oil price rose again. On Monday, June 21, international crude oil futures rose for two consecutive days, hitting a new high in more than two and a half years.</p><p>Among them, WTI July crude oil futures closed up 2.82% at US $73.66 per barrel, setting a new closing high for the monthly contract since October 10, 2018 set last Wednesday; Brent crude oil futures for August once approached $75 and closed up 1.89% at $74.90 per barrel, a new high since October 31, 2018.</p><p>Of course, there is another indicator this time that oil prices may not have risen to a high point yet-<b>The main spread of crude oil futures contracts has risen to the widest in seven years as traders bet that U.S. crude oil inventories will tighten sharply.</b></p><p>Bloomberg said the premium of the September WTI contract to the October contract hit $1.12/barrel on Monday. In the past thirteen years, the price difference between the third-and fourth-ranked contracts has exceeded $1 only twice, in 2008, and from mid-2013 to mid-2014.</p><p><b>What is particularly noteworthy is that in the past two periods when this key price difference exceeded US $1, the international oil price exceeded US $100/barrel.</b></p><p>Bloomberg explained that this spread indicates that some people expect oil supplies to be tightening significantly, mainly due to the increase in road and air travel in the United States as the economy reopens. From a supply perspective, shale oil producers' strict financial records are also limiting production growth.</p><p><b>At the same time, more and more people are predicting that oil prices will soon exceed 100.</b></p><p>Last week, Vitol Group,<a href=\"https://laohu8.com/S/GLEN.UK\">Glencore</a>Executives at big oil trading companies such as Glencore Plc and Trafigura Group say the potential for oil to rise to $100 a barrel is real because investment in new supply has slowed at a time when demand has yet to peak and green alternatives can't fill the gap.</p><p><a href=\"https://laohu8.com/S/BAC\">Bank of America</a>It gives the most optimistic forecast of any major Wall Street forecasting agency so far.</p><p>Francisco Blanch, head of commodity research at Bank of America, also believes oil prices could soar to $100 a barrel next year as global travel demand rebounds. Blanch said crude oil inventories are currently below the five-year average, and pent-up travel demand and constrained supply-side investment could briefly push crude oil prices to $100 a barrel in 2022.</p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The key price difference of crude oil hits a 7-year high, last time oil prices rose to $100</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe key price difference of crude oil hits a 7-year high, last time oil prices rose to $100\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-06-22 08:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Unconsciously, the international crude oil price rose again. On Monday, June 21, international crude oil futures rose for two consecutive days, hitting a new high in more than two and a half years.</p><p>Among them, WTI July crude oil futures closed up 2.82% at US $73.66 per barrel, setting a new closing high for the monthly contract since October 10, 2018 set last Wednesday; Brent crude oil futures for August once approached $75 and closed up 1.89% at $74.90 per barrel, a new high since October 31, 2018.</p><p>Of course, there is another indicator this time that oil prices may not have risen to a high point yet-<b>The main spread of crude oil futures contracts has risen to the widest in seven years as traders bet that U.S. crude oil inventories will tighten sharply.</b></p><p>Bloomberg said the premium of the September WTI contract to the October contract hit $1.12/barrel on Monday. In the past thirteen years, the price difference between the third-and fourth-ranked contracts has exceeded $1 only twice, in 2008, and from mid-2013 to mid-2014.</p><p><b>What is particularly noteworthy is that in the past two periods when this key price difference exceeded US $1, the international oil price exceeded US $100/barrel.</b></p><p>Bloomberg explained that this spread indicates that some people expect oil supplies to be tightening significantly, mainly due to the increase in road and air travel in the United States as the economy reopens. From a supply perspective, shale oil producers' strict financial records are also limiting production growth.</p><p><b>At the same time, more and more people are predicting that oil prices will soon exceed 100.</b></p><p>Last week, Vitol Group,<a href=\"https://laohu8.com/S/GLEN.UK\">Glencore</a>Executives at big oil trading companies such as Glencore Plc and Trafigura Group say the potential for oil to rise to $100 a barrel is real because investment in new supply has slowed at a time when demand has yet to peak and green alternatives can't fill the gap.</p><p><a href=\"https://laohu8.com/S/BAC\">Bank of America</a>It gives the most optimistic forecast of any major Wall Street forecasting agency so far.</p><p>Francisco Blanch, head of commodity research at Bank of America, also believes oil prices could soar to $100 a barrel next year as global travel demand rebounds. Blanch said crude oil inventories are currently below the five-year average, and pent-up travel demand and constrained supply-side investment could briefly push crude oil prices to $100 a barrel in 2022.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3633474\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/50ab1228da008e61faa75a03abe0e560","relate_stocks":{"UCO":"二倍做多彭博原油ETF","USO":"美国原油ETF","SCO":"二倍做空彭博原油指数ETF","DUG":"二倍做空石油与天然气ETF(ProShares)","DDG":"ProShares做空石油与天然气ETF","DWT":"三倍做空原油ETN"},"source_url":"https://wallstreetcn.com/articles/3633474","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145034445","content_text":"不知不觉当中，国际原油价格又升高了。6月21日周一，国际原油期货连涨两日，创逾两年半新高。\n其中，WTI 7月原油期货收涨2.82%，报73.66美元/桶，刷新上周三所创的2018年10月10日以来即月合约收盘新高；布伦特8月原油期货一度逼近75美元，收涨1.89%，报74.90美元/桶，创2018年10月31日以来新高。\n当然这次还有一个指标显示，油价可能还没涨到高点——随着交易员们押注美国原油库存将大幅收紧，原油期货合约的主要价差已经升至七年以来最宽。\n彭博表示，周一WTI 9月合约较10月合约的溢价触及1.12美元/桶。过去十三年里，排序第三位和第四位合约价差超过1美元的情况只出现过两次，分别是2008年、以及2013年中至2014年中。\n尤为值得关注的是，过去出现这一关键价差超过1美元情形的两个时间段，国际油价都超过了100美元/桶。\n对此彭博解释称，这一价差预示着一些人预计石油供应正在大幅收紧，主要是随着经济重开，美国的公路和航空旅行增加。从供应的角度，页岩油生产商严守财务纪录也在限制产量增长。\n与此同时，越来越多的人也在预测油价即将破百。\n上周，维多 (Vitol Group)、嘉能可 (Glencore Plc)和托克 (Trafigura Group)等大型石油贸易公司的高管们表示，油价升至每桶100美元的可能性切实存在，原因是在需求还未见顶、绿色替代能源还无法填补缺口的时候，对新供应的投资已经出现放缓。\n美国银行则给出了迄今为止主要华尔街预测机构中最乐观的预测。\n美国银行大宗商品研究主管Francisco Blanch也认为，随着全球旅行需求反弹，油价明年可能飙升至每桶100美元。Blanch表示，目前原油库存低于五年平均水平，被压抑的旅行需求和供应面投资受限可能会在2022年将原油价格短暂推高至100美元/桶。","news_type":1,"symbols_score_info":{"DUG":0.9,"SCO":0.9,"UCO":0.9,"DWTIF":0.9,"UWTIF":0.9,"USO":0.9,"DWT":0.9,"CLmain":0.9,"QMmain":0.9,"BZmain":0.9,"DDG":0.9}},"isVote":1,"tweetType":1,"viewCount":728,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168150787,"gmtCreate":1623967707549,"gmtModify":1703824732189,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"666 ?&nbsp;","listText":"666 ?&nbsp;","text":"666 ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/168150787","repostId":"1111690771","repostType":4,"repost":{"id":"1111690771","kind":"news","pubTimestamp":1623935139,"share":"https://ttm.financial/m/news/1111690771?lang=en_US&edition=fundamental","pubTime":"2021-06-17 21:05","market":"us","language":"zh","title":"Hawkish Signal! The Federal Reserve is gradually changing its face, what about the property market and stock market?","url":"https://stock-news.laohu8.com/highlight/detail?id=1111690771","media":"杠杆游戏","summary":"全球瞩目，美国是否加息，何时加息？\n当地时间6月16日，美联储发布经济预测和政策声明。美联储分别上调了对2021年的美国经济及通胀预期，而一同公布的点阵图则显示，有超过半数的FOMC委员给出了提前加息","content":"<p>Global attention, whether the United States is rate hike, and when will it be rate hike?</p><p>On June 16, local time, the Federal Reserve issued an economic forecast and policy statement. The Federal Reserve raised its forecasts for the U.S. economy and inflation in 2021 respectively, and the dot plot released together showed that more than half of the FOMC members gave expectations for advance rate hike. The median forecast suggested that the Fed would rate hike 2 times before 2023.</p><p>Interest rates may rise from 0.1% to 0.6%.</p><p><img src=\"https://static.tigerbbs.com/d41cae1274b855b1881c45df621f92f1\" tg-width=\"650\" tg-height=\"248\" referrerpolicy=\"no-referrer\"></p><p>Overall, the Fed's concerns about prices have increased, and hawkish signals are beginning to emerge. What impact will this have on China's stock market and property market? Let's talk about the leverage game according to the details of this interest rate meeting.</p><p><b>1. The hawkish turn signal deserves attention!</b></p><p>Thirteen of the 18 committee members support at least one rate hike before the end of 2023. The Federal Reserve is more confident in the U.S. economy. They believe that U.S. GDP will grow by 7.0% in 2021, compared with the forecast of 6.5% at the March meeting.</p><p>The Federal Reserve also raised its real GDP forecast for 2023 to 2.4% from the previous forecast of 2.2%. With the better recovery of the economy, price and monetary policy issues naturally come.</p><p><img src=\"https://static.tigerbbs.com/66259bd1ce43d9289e0638c6cb914df7\" tg-width=\"650\" tg-height=\"257\" referrerpolicy=\"no-referrer\"></p><p>Huatai Futures made a statistic, and the leverage game felt very meaningful, and thanked you.</p><p>The dot plot of the rate hike path of Fed officials shows that by the end of 2023, the Fed may rate hike twice.</p><p>The June dot plot of the FOMC (the Federal Reserve's Open Market Committee) showed that 13 of the 18 members supported at least one rate hike before the end of 2023, compared with 7 in March.</p><p><img src=\"https://static.tigerbbs.com/13dc861d49dae295f65371658fe551af\" tg-width=\"528\" tg-height=\"540\" referrerpolicy=\"no-referrer\"></p><p>Chart source |<a href=\"https://laohu8.com/S/000686\">Northeast Securities</a>(Thanks hereby)</p><p>Eleven members are expected to hold at least two rate hike by the end of 2023, and seven members are expected to start rate hike in 2022. In March, it was 4.</p><p>The median dot plot forecast in March implies that there will be no rate hike until the end of 2023.</p><p><b>2. Federal Reserve Chairman Powell generally believes that it is too early to discuss rate hike. The key is why?</b></p><p>Of course, the Federal Reserve is preparing to adjust the excess reserve rate (IOER) from 0.1% to 0.15%. That is to say, in the face of excess liquidity, the Federal Reserve is actually making appropriate moves.</p><p>However, it is very clear that it will continue to increase its holdings of at least $80 billion in Treasury Bond and at least $40 billion in mortgage-backed securities every month until substantial progress is made on the goals of full employment and price stability.</p><p>Here, the leverage game needs to be said more. What is the goal of full employment and price stability?</p><p>For example, the number of new non-farm employment in the United States in April and May was 278,000 and 559,000 respectively, both lower than expected. Compared with the pre-black swan level, the number of employed people in May still decreased by about 7.6 million.</p><p><img src=\"https://static.tigerbbs.com/8c8c7ecd06543dcd0ded387b77673869\" tg-width=\"832\" tg-height=\"343\" referrerpolicy=\"no-referrer\"></p><p>Chart source | Northeast Securities (thanks hereby)</p><p>The Fed expects the unemployment rate to fall to 4.5% in 2021 (the same as its March forecast), and to 3.8% and 3.5% in 2022 and 2023, respectively-at this point, returning to very low levels, probably considered qualified;</p><p>At the same time, Powell believes that inflation may remain high in the coming months before it eases-the price indicator should be considered to be up to standard.</p><p>Therefore, my conclusion is that what Americans care about is the economy, simply put, employment indicators.</p><p><b>3. The normalization of U.S. monetary policy may accelerate, which deserves attention, but the stock market should be worry-free for the time being.</b></p><p>Judging from the above changes in the number of Fed members' attitudes towards rate hike, the leverage game can basically be considered that the pace of rate hike is much faster than before.</p><p>While there is no signal from rate hike yet, an early arrival is possible. At the same time, Powell is ready to discuss reducing bond purchases, and the hawks are undoubtedly revealed. Then the US dollar will be supported in the short term, and the RMB exchange rate will mainly fluctuate.</p><p>But because liquidity in China and the United States is generally loose. For example, our M2 was 227.54 trillion yuan at the end of May, a year-on-year increase of 8.3%, and the growth rate was 0.2 percentage points higher than that at the end of last month.</p><p>At the same time, no matter the central banks of China and the United States, the communication with the market is relatively full and transparent, and no one will suddenly change monetary policy.</p><p>Therefore, the stock market will not panic as a whole, and the trend downward trend will not occur.</p><p><b>4. Domestic demand is still a bit weak, and external demand supports high production boom. Real estate and investment should not be too cold at this time.</b></p><p>June 16 was a very interesting day. The United States announced some statements of their interest rate meeting, and we released a number of economic indicators.</p><p>We can see that industrial production has actually weakened slightly, and external demand is still an important support.</p><p>According to the statistics of Beijing Capital Securities, for example, the two-year average growth rate of industrial added value above designated size in May was 6.6%, a slight decrease of 0.2 percentage points from the previous value.</p><p><img src=\"https://static.tigerbbs.com/d083afd587e6aa1242d24c96c4ad505e\" tg-width=\"477\" tg-height=\"545\" referrerpolicy=\"no-referrer\"></p><p>Chart source | Beijing Capital Securities (thanks hereby)</p><p>The compound growth rate of export delivery value has dropped significantly, echoing the sharp drop in exports in May. However, without the high growth of exports, industrial data will decline even more.</p><p>Generally speaking, external demand has peaked and fallen, and production and exports will have a slight impact in the next step.</p><p>In terms of fixed investment, it increased by 15.4% year-on-year. However, the newly started housing area has experienced negative growth for two consecutive months, and the completed area has accelerated significantly this month, turning positive to 5.0% year-on-year. Real estate investment is still supported in the short term, and there is certain pressure for a long time.</p><p>At the same time, with the strengthening of debt management, there is a high probability of fixed investment falling.</p><p><img src=\"https://static.tigerbbs.com/140e47518613dba5d257d583f1f9f4ec\" tg-width=\"554\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p>Social retail sales increased by 12.4% in May, slightly lower than market expectations of 12.8%, and the previous value was 17.7%.</p><p>Generally speaking, the leverage game believes that domestic demand is so-so and exports have peaked. Then, real estate suppression is suppression and cannot be made too ugly.</p><p><b>5. It is worth noting whether there is a liquidity inflection point in the United States in the third quarter.</b></p><p>Regardless of global housing prices, commodities, or the U.S. stock market, this round of surge in asset prices is essentially dominated by liquidity.</p><p>Now the question is, is there an inflection point in U.S. liquidity in the third quarter? As mentioned in the leverage game above, the Federal Reserve has signals of shrinking, and the excess reserve interest rate has increased slightly.</p><p><img src=\"https://static.tigerbbs.com/c6a294dbe7d55d78d322cf321fc22590\" tg-width=\"556\" tg-height=\"431\" referrerpolicy=\"no-referrer\"></p><p>Chart source |<a href=\"https://laohu8.com/S/601878\">Zheshang Securities</a>(Thanks hereby)</p><p>In the third quarter, the leverage game believes that the first amplitude is small, and the second is a test. At the same time, the last round of cards played by China's central bank has proved that \"I am the mainstay\"-as long as the United States does not rate hike, the world trend of funds returning to the United States to pursue high returns should not come.</p><p>From this perspective alone, in 2021, my country's stock market will not be bearish; The property market only shows an extremely strict attitude towards speculation. As mentioned above, economic stability still needs it.</p><p>It should be noted that in the third quarter, such as July and August, the Federal Reserve began to formally discuss cutting QE, and began cutting QE at the end of 2021 or early 2022. These are basically within market expectations.</p><p>Nevertheless, this is at least a constraint on the monetary policy of any country.</p><p><b>6. Conclusion: The stock market will basically not be affected by the United States in 2021, and the property market will be dominated by me.</b>The former leverage game means, don't worry about liquidity.</p><p>What I mean by the latter is that the property market will crack down on speculation throughout 2021. However, the local trading ability of the property market is becoming more and more proficient, and it has always had its own way to ensure a certain price and sales volume.</p><p>Besides, the water hasn't decreased.</p>","source":"lsy1574902984297","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hawkish Signal! The Federal Reserve is gradually changing its face, what about the property market and stock market?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHawkish Signal! The Federal Reserve is gradually changing its face, what about the property market and stock market?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">杠杆游戏</strong><span class=\"h-time small\">2021-06-17 21:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Global attention, whether the United States is rate hike, and when will it be rate hike?</p><p>On June 16, local time, the Federal Reserve issued an economic forecast and policy statement. The Federal Reserve raised its forecasts for the U.S. economy and inflation in 2021 respectively, and the dot plot released together showed that more than half of the FOMC members gave expectations for advance rate hike. The median forecast suggested that the Fed would rate hike 2 times before 2023.</p><p>Interest rates may rise from 0.1% to 0.6%.</p><p><img src=\"https://static.tigerbbs.com/d41cae1274b855b1881c45df621f92f1\" tg-width=\"650\" tg-height=\"248\" referrerpolicy=\"no-referrer\"></p><p>Overall, the Fed's concerns about prices have increased, and hawkish signals are beginning to emerge. What impact will this have on China's stock market and property market? Let's talk about the leverage game according to the details of this interest rate meeting.</p><p><b>1. The hawkish turn signal deserves attention!</b></p><p>Thirteen of the 18 committee members support at least one rate hike before the end of 2023. The Federal Reserve is more confident in the U.S. economy. They believe that U.S. GDP will grow by 7.0% in 2021, compared with the forecast of 6.5% at the March meeting.</p><p>The Federal Reserve also raised its real GDP forecast for 2023 to 2.4% from the previous forecast of 2.2%. With the better recovery of the economy, price and monetary policy issues naturally come.</p><p><img src=\"https://static.tigerbbs.com/66259bd1ce43d9289e0638c6cb914df7\" tg-width=\"650\" tg-height=\"257\" referrerpolicy=\"no-referrer\"></p><p>Huatai Futures made a statistic, and the leverage game felt very meaningful, and thanked you.</p><p>The dot plot of the rate hike path of Fed officials shows that by the end of 2023, the Fed may rate hike twice.</p><p>The June dot plot of the FOMC (the Federal Reserve's Open Market Committee) showed that 13 of the 18 members supported at least one rate hike before the end of 2023, compared with 7 in March.</p><p><img src=\"https://static.tigerbbs.com/13dc861d49dae295f65371658fe551af\" tg-width=\"528\" tg-height=\"540\" referrerpolicy=\"no-referrer\"></p><p>Chart source |<a href=\"https://laohu8.com/S/000686\">Northeast Securities</a>(Thanks hereby)</p><p>Eleven members are expected to hold at least two rate hike by the end of 2023, and seven members are expected to start rate hike in 2022. In March, it was 4.</p><p>The median dot plot forecast in March implies that there will be no rate hike until the end of 2023.</p><p><b>2. Federal Reserve Chairman Powell generally believes that it is too early to discuss rate hike. The key is why?</b></p><p>Of course, the Federal Reserve is preparing to adjust the excess reserve rate (IOER) from 0.1% to 0.15%. That is to say, in the face of excess liquidity, the Federal Reserve is actually making appropriate moves.</p><p>However, it is very clear that it will continue to increase its holdings of at least $80 billion in Treasury Bond and at least $40 billion in mortgage-backed securities every month until substantial progress is made on the goals of full employment and price stability.</p><p>Here, the leverage game needs to be said more. What is the goal of full employment and price stability?</p><p>For example, the number of new non-farm employment in the United States in April and May was 278,000 and 559,000 respectively, both lower than expected. Compared with the pre-black swan level, the number of employed people in May still decreased by about 7.6 million.</p><p><img src=\"https://static.tigerbbs.com/8c8c7ecd06543dcd0ded387b77673869\" tg-width=\"832\" tg-height=\"343\" referrerpolicy=\"no-referrer\"></p><p>Chart source | Northeast Securities (thanks hereby)</p><p>The Fed expects the unemployment rate to fall to 4.5% in 2021 (the same as its March forecast), and to 3.8% and 3.5% in 2022 and 2023, respectively-at this point, returning to very low levels, probably considered qualified;</p><p>At the same time, Powell believes that inflation may remain high in the coming months before it eases-the price indicator should be considered to be up to standard.</p><p>Therefore, my conclusion is that what Americans care about is the economy, simply put, employment indicators.</p><p><b>3. The normalization of U.S. monetary policy may accelerate, which deserves attention, but the stock market should be worry-free for the time being.</b></p><p>Judging from the above changes in the number of Fed members' attitudes towards rate hike, the leverage game can basically be considered that the pace of rate hike is much faster than before.</p><p>While there is no signal from rate hike yet, an early arrival is possible. At the same time, Powell is ready to discuss reducing bond purchases, and the hawks are undoubtedly revealed. Then the US dollar will be supported in the short term, and the RMB exchange rate will mainly fluctuate.</p><p>But because liquidity in China and the United States is generally loose. For example, our M2 was 227.54 trillion yuan at the end of May, a year-on-year increase of 8.3%, and the growth rate was 0.2 percentage points higher than that at the end of last month.</p><p>At the same time, no matter the central banks of China and the United States, the communication with the market is relatively full and transparent, and no one will suddenly change monetary policy.</p><p>Therefore, the stock market will not panic as a whole, and the trend downward trend will not occur.</p><p><b>4. Domestic demand is still a bit weak, and external demand supports high production boom. Real estate and investment should not be too cold at this time.</b></p><p>June 16 was a very interesting day. The United States announced some statements of their interest rate meeting, and we released a number of economic indicators.</p><p>We can see that industrial production has actually weakened slightly, and external demand is still an important support.</p><p>According to the statistics of Beijing Capital Securities, for example, the two-year average growth rate of industrial added value above designated size in May was 6.6%, a slight decrease of 0.2 percentage points from the previous value.</p><p><img src=\"https://static.tigerbbs.com/d083afd587e6aa1242d24c96c4ad505e\" tg-width=\"477\" tg-height=\"545\" referrerpolicy=\"no-referrer\"></p><p>Chart source | Beijing Capital Securities (thanks hereby)</p><p>The compound growth rate of export delivery value has dropped significantly, echoing the sharp drop in exports in May. However, without the high growth of exports, industrial data will decline even more.</p><p>Generally speaking, external demand has peaked and fallen, and production and exports will have a slight impact in the next step.</p><p>In terms of fixed investment, it increased by 15.4% year-on-year. However, the newly started housing area has experienced negative growth for two consecutive months, and the completed area has accelerated significantly this month, turning positive to 5.0% year-on-year. Real estate investment is still supported in the short term, and there is certain pressure for a long time.</p><p>At the same time, with the strengthening of debt management, there is a high probability of fixed investment falling.</p><p><img src=\"https://static.tigerbbs.com/140e47518613dba5d257d583f1f9f4ec\" tg-width=\"554\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p>Social retail sales increased by 12.4% in May, slightly lower than market expectations of 12.8%, and the previous value was 17.7%.</p><p>Generally speaking, the leverage game believes that domestic demand is so-so and exports have peaked. Then, real estate suppression is suppression and cannot be made too ugly.</p><p><b>5. It is worth noting whether there is a liquidity inflection point in the United States in the third quarter.</b></p><p>Regardless of global housing prices, commodities, or the U.S. stock market, this round of surge in asset prices is essentially dominated by liquidity.</p><p>Now the question is, is there an inflection point in U.S. liquidity in the third quarter? As mentioned in the leverage game above, the Federal Reserve has signals of shrinking, and the excess reserve interest rate has increased slightly.</p><p><img src=\"https://static.tigerbbs.com/c6a294dbe7d55d78d322cf321fc22590\" tg-width=\"556\" tg-height=\"431\" referrerpolicy=\"no-referrer\"></p><p>Chart source |<a href=\"https://laohu8.com/S/601878\">Zheshang Securities</a>(Thanks hereby)</p><p>In the third quarter, the leverage game believes that the first amplitude is small, and the second is a test. At the same time, the last round of cards played by China's central bank has proved that \"I am the mainstay\"-as long as the United States does not rate hike, the world trend of funds returning to the United States to pursue high returns should not come.</p><p>From this perspective alone, in 2021, my country's stock market will not be bearish; The property market only shows an extremely strict attitude towards speculation. As mentioned above, economic stability still needs it.</p><p>It should be noted that in the third quarter, such as July and August, the Federal Reserve began to formally discuss cutting QE, and began cutting QE at the end of 2021 or early 2022. These are basically within market expectations.</p><p>Nevertheless, this is at least a constraint on the monetary policy of any country.</p><p><b>6. Conclusion: The stock market will basically not be affected by the United States in 2021, and the property market will be dominated by me.</b>The former leverage game means, don't worry about liquidity.</p><p>What I mean by the latter is that the property market will crack down on speculation throughout 2021. However, the local trading ability of the property market is becoming more and more proficient, and it has always had its own way to ensure a certain price and sales volume.</p><p>Besides, the water hasn't decreased.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/yTYYzzbQ08ymsKDOuBB5dw\">杠杆游戏</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f09c44f289c2f0d40610768fe6661fab","relate_stocks":{"513500":"标普500ETF","IVV":"标普500ETF-iShares","QID":"两倍做空纳斯达克指数ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares",".IXIC":"NASDAQ Composite","UDOW":"三倍做多道指30ETF-ProShares","OEX":"标普100","SPY":"标普500ETF","DOG":"道指ETF-ProShares做空","PSQ":"做空纳斯达克100指数ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares","DJX":"1/100道琼斯","OEF":"标普100指数ETF-iShares","TQQQ":"纳指三倍做多ETF","QQQ":"纳指100ETF","QLD":"2倍做多纳斯达克100指数ETF-ProShares",".DJI":"道琼斯"},"source_url":"https://mp.weixin.qq.com/s/yTYYzzbQ08ymsKDOuBB5dw","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111690771","content_text":"全球瞩目，美国是否加息，何时加息？\n当地时间6月16日，美联储发布经济预测和政策声明。美联储分别上调了对2021年的美国经济及通胀预期，而一同公布的点阵图则显示，有超过半数的FOMC委员给出了提前加息的预期，中位数预测暗示，美联储将在2023年前加息2次。\n利率或从0.1%升至0.6%。\n\n总体来说，美联储对物价的担忧提高，鹰派信号初现。这对我国股市、楼市会有什么影响，杠杆游戏根据此次议息会议的细节，展开谈一谈。\n1、鹰派转向信号值得重视！\n18位委员中有13人支持在2023年底前，至少加息1次。美联储对美国经济比较有信心，他们认为2021年美国GDP将增长7.0%，而3月份会议的预测为6.5%。\n美联储还将2023年的实际GDP预测，从之前预期的2.2%上调至2.4%。伴随经济的较好复苏，物价和货币政策问题自然来了。\n\n华泰期货做了一个统计，杠杆游戏觉得非常有意义，并致谢。\n美联储官员的加息路径点阵图显示，到2023年底，美联储或许将加息2次。\nFOMC（美联储的公开市场委员会）6月点阵图显示，18 位委员中有13人支持在2023 年底前至少加息1次，而3月为7位。\n\n图表来源|东北证券（特此感谢）\n11位委员预计到2023年底至少加息2次，7名委员预计在2022年开始加息。3月为4位。\n而3月份的点阵图中位数预测值暗示，到2023年底前不会加息。\n2、美联储主席鲍威尔总体认为，现在讨论加息还为时过早，关键是为什么？\n当然，美联储准备将超额准备金利率（IOER）从0.1%，调整至0.15%，也就是说，面对流动性过剩，美联储其实也在适当出手。\n不过说得很清楚，将继续每月增持至少800亿美元的国债，以及至少400亿美元的住房抵押贷款支持证券，直到充分就业和物价稳定目标取得实质性进展。\n这里杠杆游戏要多一句嘴，什么算充分就业和物价稳定目标？\n比如美国4月、5月新增非农就业人口分别为27.8万和55.9万，均低于预期。与黑天鹅前水平相比，5月就业人数依然减少了约760万。\n\n图表来源|东北证券（特此感谢）\n美联储预计2021年失业率将降至4.5%（与3月的预测持平），2022年和2023年失业率将分别降至3.8%和3.5%——到此，回到非常低的水平，大概算是合格；\n同时鲍威尔认为通货膨胀可能在未来几个月继续居高不下，然后才会有所缓和——物价指标应该算达标。\n所以，我的结论就是，美国人在乎的是经济，简单说就是就业指标。\n3、美国货币政策正常化可能加快，值得重视，但股市应该暂时无忧。\n从上文美联储委员对加息的态度人数变化看，杠杆游戏基本可以认为，加息节奏较此前大大加快。\n虽然目前还没有加息的信号，但提前到来是可能的。同时，鲍威尔已经准备讨论缩减购债，鹰派显露无疑，那么美元短期内有支撑，人民币汇率震荡为主。\n但因为中美流动性总体宽松。如我们的M2，5月末227.54万亿元，同比增长8.3%，增速比上月末高0.2个百分点。\n同时无论中美央行，与市场的沟通都较为充分、透明，谁都不会货币政策突然转向。\n所以股市总体不会恐慌，趋势性下跌不会出现。\n4、内需还是有点弱，外需支撑生产高景气，房地产和投资这个时候不能太凉。\n6月16日是很有意思的一天，美国通报他们的议息会议部分声明，我们发布了多项经济指标。\n我们可以看，工业生产其实略走弱，外需仍是重要支撑。\n首创证券统计发现，比如5月规上工业增加值两年平均增速为6.6%，较前值略降0.2个百分点。\n\n图表来源|首创证券（特此感谢）\n出口交货值复合增速有较大回落，与5月出口大幅回落相呼应，但如果没有出口的高增长，工业数据会下滑更多。\n总体来说，外需见顶回落，生产和出口下一步略有影响是一定的。\n而固投方面，同比增长15.4%。但房屋新开工面积连续两个月负增长，竣工面积本月大幅提速，同比转正为5.0%，短期内房地产投资仍有支撑，长期存在一定的压力。\n同时债务管理的加强，固定投资的回落大概率。\n\n5月社零销售增长12.4%，小幅低于市场预期的12.8%，前值为17.7%。\n总的来说，杠杆游戏认为，内需马马虎虎，出口见顶，那么，房地产打压归打压，不能搞得太难看。\n5、三季度美国是否有流动性拐点，值得注意。\n无论全球房价，还是大宗商品，以及美国股市，资产价格大涨本质这一轮都是流动性主导的。\n现在问题来了，三季度美国流动性是否有拐点？上文杠杆游戏写了，美联储有缩量的信号，超额准备金利率略有提高。\n\n图表来源|浙商证券（特此感谢）\n3季度杠杆游戏认为，第一幅度小，第二是个试探，同时我国央行上一轮的出牌已经证明，“以我为主”——只要美国不加息，资金回美追求高收益的世界趋势，应该不会到来。\n单这个角度说，2021年，我国股市不至于看空；楼市，只是对投机表现出异常严厉的态度，如上所述，经济的稳定还需要它。\n需要注意的是，3季度，比如7、8月，美联储始正式讨论削减QE，2021年底或2022年初开始削减QE，这些基本已在市场预期内。\n尽管如此，这对任何国家的货币政策，起码都是掣肘。\n6、结论：2021年股市基本不会受美国影响，楼市以我为主。前者杠杆游戏的意思是，不要担心流动性。\n后者我的意思是，楼市打击投机，将贯穿2021年始终。但地方对楼市的操盘能力，也是越来越纯熟，保障一定的价格和销量，从来都有自己办法。\n何况，水又没减少。","news_type":1,"symbols_score_info":{"513500":0.9,"QQQ":0.9,"PSQ":0.9,"TQQQ":0.9,"QLD":0.9,"SDOW":0.9,"SDS":0.9,".IXIC":0.9,"OEX":0.9,"MNQmain":0.9,".DJI":0.9,"DJX":0.9,"ESmain":0.9,"QID":0.9,"NQmain":0.9,"IVV":0.9,"SPY":0.9,"DOG":0.9,"OEF":0.9,"UDOW":0.9}},"isVote":1,"tweetType":1,"viewCount":820,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9096023919,"gmtCreate":1644271912415,"gmtModify":1676533905636,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"pls like","listText":"pls like","text":"pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096023919","repostId":"1158578585","repostType":4,"repost":{"id":"1158578585","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1644245453,"share":"https://ttm.financial/m/news/1158578585?lang=en_US&edition=fundamental","pubTime":"2022-02-07 22:50","market":"us","language":"en","title":"Cruise Line Stocks Gained in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1158578585","media":"Tiger Newspress","summary":"Cruise Line stocks gained in morning trading. Royal Caribbean, Carnival, and Norwegian Cruise climbe","content":"<html><head></head><body><p>Cruise Line stocks gained in morning trading. Royal Caribbean, Carnival, and Norwegian Cruise climbed between 3% to 5%.<img src=\"https://static.tigerbbs.com/44881c276fd2c2bc31a45f76da7b1f22\" tg-width=\"382\" tg-height=\"163\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cruise Line Stocks Gained in Morning Trading</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCruise Line Stocks Gained in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-07 22:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Cruise Line stocks gained in morning trading. Royal Caribbean, Carnival, and Norwegian Cruise climbed between 3% to 5%.<img src=\"https://static.tigerbbs.com/44881c276fd2c2bc31a45f76da7b1f22\" tg-width=\"382\" tg-height=\"163\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RCL":"皇家加勒比邮轮","CCL":"嘉年华邮轮","NCLH":"挪威邮轮"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158578585","content_text":"Cruise Line stocks gained in morning trading. Royal Caribbean, Carnival, and Norwegian Cruise climbed between 3% to 5%.","news_type":1,"symbols_score_info":{"NCLH":0.9,"RCL":0.9,"CCL":0.9}},"isVote":1,"tweetType":1,"viewCount":2258,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":116722936,"gmtCreate":1622820289825,"gmtModify":1704191938855,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/116722936","repostId":"2140401208","repostType":4,"isVote":1,"tweetType":1,"viewCount":714,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9096023679,"gmtCreate":1644271949565,"gmtModify":1676533905639,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096023679","repostId":"1186876974","repostType":4,"repost":{"id":"1186876974","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1644245081,"share":"https://ttm.financial/m/news/1186876974?lang=en_US&edition=fundamental","pubTime":"2022-02-07 22:44","market":"us","language":"en","title":"EV Stocks Rose in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1186876974","media":"Tiger Newspress","summary":"EV stocks rose in morning trading, with Tesla, Rivian, NIO, Xpeng, Fisker and Arrival rising from 2 ","content":"<html><head></head><body><p>EV stocks rose in morning trading, with Tesla, Rivian, NIO, Xpeng, Fisker and Arrival rising from 2 to 4%.<img src=\"https://static.tigerbbs.com/7a9d27c437985a03bc85e29abf014cd3\" tg-width=\"382\" tg-height=\"517\" referrerpolicy=\"no-referrer\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV Stocks Rose in Morning Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEV Stocks Rose in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-07 22:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>EV stocks rose in morning trading, with Tesla, Rivian, NIO, Xpeng, Fisker and Arrival rising from 2 to 4%.<img src=\"https://static.tigerbbs.com/7a9d27c437985a03bc85e29abf014cd3\" tg-width=\"382\" tg-height=\"517\" referrerpolicy=\"no-referrer\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RIVN":"Rivian Automotive, Inc.","TSLA":"特斯拉","NIO":"蔚来"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186876974","content_text":"EV stocks rose in morning trading, with Tesla, Rivian, NIO, Xpeng, Fisker and Arrival rising from 2 to 4%.","news_type":1,"symbols_score_info":{"RIVN":0.9,"TSLA":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":2555,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353744430,"gmtCreate":1616542208820,"gmtModify":1704795368007,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"Like!&nbsp;","listText":"Like!&nbsp;","text":"Like!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/353744430","repostId":"1183411541","repostType":4,"isVote":1,"tweetType":1,"viewCount":432,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095315255,"gmtCreate":1644822888964,"gmtModify":1676533965251,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095315255","repostId":"1179055183","repostType":4,"repost":{"id":"1179055183","kind":"news","pubTimestamp":1644821452,"share":"https://ttm.financial/m/news/1179055183?lang=en_US&edition=fundamental","pubTime":"2022-02-14 14:50","market":"us","language":"en","title":"Apollo Deepens Abu Dhabi Investment With $1.4 Billion Aldar Deal","url":"https://stock-news.laohu8.com/highlight/detail?id=1179055183","media":"Bloomberg","summary":"(Bloomberg) -- Apollo Global Management Inc. signed a deal to invest $1.4 billion in Aldar Propertie","content":"<html><head></head><body><p>(Bloomberg) -- <a href=\"https://laohu8.com/S/APO\">Apollo Global Management Inc.</a> signed a deal to invest $1.4 billion in Aldar Properties PJSC as the private equity giant deepens its investments in Abu Dhabi’s real estate market.</p><p>As part of the transaction, Apollo will take a direct minority stake in Aldar Investment Properties, one of the largest foreign direct investments in Abu Dhabi’s private sector, according to a statement. The deal is expected to close in the first quarter.</p><p>The investment follows a consortium led by Apollo agreeing to inject billions of dollars into the real estate assets of Abu Dhabi’s oil company. The private equity firm also has a strategic partnership with Mubadala Investment Co., one of Abu Dhabi’s sovereign wealth funds.</p><p>Aldar, which primarily operates in Abu Dhabi, has been chasing growth in a cramped market. At home, the developer is growing its management business, and beyond the United Arab Emirates it has gained a foothold in Egypt through the acquisition of a majority stake in Sodic.</p><p>Apollo deal is structured as:</p><ul><li><p>$500 million: investment into a land joint venture</p></li><li><p>$500 million: perpetual subordinated notes issued by Aldar Investment Properties</p></li><li><p>$300 million: mandatory convertible preferred equity investment in Aldar Investment Properties</p></li><li><p>$100 million: common equity investment in Aldar Investment Properties</p></li></ul><p>Aldar said last week it plans to spend 5 billion dirhams ($1.36 billion) on acquisitions this year to grow its portfolio of revenue-generating properties. The company reported a 21% increase in full-year profit, supported by “strong performance” across group businesses.</p><p></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apollo Deepens Abu Dhabi Investment With $1.4 Billion Aldar Deal</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApollo Deepens Abu Dhabi Investment With $1.4 Billion Aldar Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-14 14:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/apollo-deepens-abu-dhabi-investment-061505100.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Apollo Global Management Inc. signed a deal to invest $1.4 billion in Aldar Properties PJSC as the private equity giant deepens its investments in Abu Dhabi’s real estate market.As part...</p>\n\n<a href=\"https://finance.yahoo.com/news/apollo-deepens-abu-dhabi-investment-061505100.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"APO":"阿波罗全球管理"},"source_url":"https://finance.yahoo.com/news/apollo-deepens-abu-dhabi-investment-061505100.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179055183","content_text":"(Bloomberg) -- Apollo Global Management Inc. signed a deal to invest $1.4 billion in Aldar Properties PJSC as the private equity giant deepens its investments in Abu Dhabi’s real estate market.As part of the transaction, Apollo will take a direct minority stake in Aldar Investment Properties, one of the largest foreign direct investments in Abu Dhabi’s private sector, according to a statement. The deal is expected to close in the first quarter.The investment follows a consortium led by Apollo agreeing to inject billions of dollars into the real estate assets of Abu Dhabi’s oil company. The private equity firm also has a strategic partnership with Mubadala Investment Co., one of Abu Dhabi’s sovereign wealth funds.Aldar, which primarily operates in Abu Dhabi, has been chasing growth in a cramped market. At home, the developer is growing its management business, and beyond the United Arab Emirates it has gained a foothold in Egypt through the acquisition of a majority stake in Sodic.Apollo deal is structured as:$500 million: investment into a land joint venture$500 million: perpetual subordinated notes issued by Aldar Investment Properties$300 million: mandatory convertible preferred equity investment in Aldar Investment Properties$100 million: common equity investment in Aldar Investment PropertiesAldar said last week it plans to spend 5 billion dirhams ($1.36 billion) on acquisitions this year to grow its portfolio of revenue-generating properties. The company reported a 21% increase in full-year profit, supported by “strong performance” across group businesses.","news_type":1,"symbols_score_info":{"APO":0.9}},"isVote":1,"tweetType":1,"viewCount":2913,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150245969,"gmtCreate":1624918330551,"gmtModify":1703847693595,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/150245969","repostId":"1189694806","repostType":4,"repost":{"id":"1189694806","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624894784,"share":"https://ttm.financial/m/news/1189694806?lang=en_US&edition=fundamental","pubTime":"2021-06-28 23:39","market":"us","language":"zh","title":"[Change] New car-making forces have completely exploded, and Nio vehicles rose 9%","url":"https://stock-news.laohu8.com/highlight/detail?id=1189694806","media":"老虎资讯综合","summary":"6月28日，中概新能源车股持续走高，蔚来涨9%，理想汽车涨超7%，小鹏汽车涨超6%。","content":"<p>On June 28, Zhonggai new energy vehicle stocks continued to rise.<a href=\"https://laohu8.com/S/NIO\">Nio</a>Up 9%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Rose more than 7%,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Up more than 6%.</p><p><img src=\"https://static.tigerbbs.com/51155eb57192c0b7db9dad0dfa6326f3\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>[Change] New car-making forces have completely exploded, and Nio vehicles rose 9%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n[Change] New car-making forces have completely exploded, and Nio vehicles rose 9%\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-28 23:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On June 28, Zhonggai new energy vehicle stocks continued to rise.<a href=\"https://laohu8.com/S/NIO\">Nio</a>Up 9%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Rose more than 7%,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Up more than 6%.</p><p><img src=\"https://static.tigerbbs.com/51155eb57192c0b7db9dad0dfa6326f3\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1f36b37eb8e9efe8641c7be55a7da26d","relate_stocks":{"NIO":"蔚来","LI":"理想汽车"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189694806","content_text":"6月28日，中概新能源车股持续走高，蔚来涨9%，理想汽车涨超7%，小鹏汽车涨超6%。","news_type":1,"symbols_score_info":{"LI":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":774,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168150787,"gmtCreate":1623967707549,"gmtModify":1703824732189,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"666 ?&nbsp;","listText":"666 ?&nbsp;","text":"666 ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/168150787","repostId":"1111690771","repostType":4,"repost":{"id":"1111690771","kind":"news","pubTimestamp":1623935139,"share":"https://ttm.financial/m/news/1111690771?lang=en_US&edition=fundamental","pubTime":"2021-06-17 21:05","market":"us","language":"zh","title":"Hawkish Signal! The Federal Reserve is gradually changing its face, what about the property market and stock market?","url":"https://stock-news.laohu8.com/highlight/detail?id=1111690771","media":"杠杆游戏","summary":"全球瞩目，美国是否加息，何时加息？\n当地时间6月16日，美联储发布经济预测和政策声明。美联储分别上调了对2021年的美国经济及通胀预期，而一同公布的点阵图则显示，有超过半数的FOMC委员给出了提前加息","content":"<p>Global attention, whether the United States is rate hike, and when will it be rate hike?</p><p>On June 16, local time, the Federal Reserve issued an economic forecast and policy statement. The Federal Reserve raised its forecasts for the U.S. economy and inflation in 2021 respectively, and the dot plot released together showed that more than half of the FOMC members gave expectations for advance rate hike. The median forecast suggested that the Fed would rate hike 2 times before 2023.</p><p>Interest rates may rise from 0.1% to 0.6%.</p><p><img src=\"https://static.tigerbbs.com/d41cae1274b855b1881c45df621f92f1\" tg-width=\"650\" tg-height=\"248\" referrerpolicy=\"no-referrer\"></p><p>Overall, the Fed's concerns about prices have increased, and hawkish signals are beginning to emerge. What impact will this have on China's stock market and property market? Let's talk about the leverage game according to the details of this interest rate meeting.</p><p><b>1. The hawkish turn signal deserves attention!</b></p><p>Thirteen of the 18 committee members support at least one rate hike before the end of 2023. The Federal Reserve is more confident in the U.S. economy. They believe that U.S. GDP will grow by 7.0% in 2021, compared with the forecast of 6.5% at the March meeting.</p><p>The Federal Reserve also raised its real GDP forecast for 2023 to 2.4% from the previous forecast of 2.2%. With the better recovery of the economy, price and monetary policy issues naturally come.</p><p><img src=\"https://static.tigerbbs.com/66259bd1ce43d9289e0638c6cb914df7\" tg-width=\"650\" tg-height=\"257\" referrerpolicy=\"no-referrer\"></p><p>Huatai Futures made a statistic, and the leverage game felt very meaningful, and thanked you.</p><p>The dot plot of the rate hike path of Fed officials shows that by the end of 2023, the Fed may rate hike twice.</p><p>The June dot plot of the FOMC (the Federal Reserve's Open Market Committee) showed that 13 of the 18 members supported at least one rate hike before the end of 2023, compared with 7 in March.</p><p><img src=\"https://static.tigerbbs.com/13dc861d49dae295f65371658fe551af\" tg-width=\"528\" tg-height=\"540\" referrerpolicy=\"no-referrer\"></p><p>Chart source |<a href=\"https://laohu8.com/S/000686\">Northeast Securities</a>(Thanks hereby)</p><p>Eleven members are expected to hold at least two rate hike by the end of 2023, and seven members are expected to start rate hike in 2022. In March, it was 4.</p><p>The median dot plot forecast in March implies that there will be no rate hike until the end of 2023.</p><p><b>2. Federal Reserve Chairman Powell generally believes that it is too early to discuss rate hike. The key is why?</b></p><p>Of course, the Federal Reserve is preparing to adjust the excess reserve rate (IOER) from 0.1% to 0.15%. That is to say, in the face of excess liquidity, the Federal Reserve is actually making appropriate moves.</p><p>However, it is very clear that it will continue to increase its holdings of at least $80 billion in Treasury Bond and at least $40 billion in mortgage-backed securities every month until substantial progress is made on the goals of full employment and price stability.</p><p>Here, the leverage game needs to be said more. What is the goal of full employment and price stability?</p><p>For example, the number of new non-farm employment in the United States in April and May was 278,000 and 559,000 respectively, both lower than expected. Compared with the pre-black swan level, the number of employed people in May still decreased by about 7.6 million.</p><p><img src=\"https://static.tigerbbs.com/8c8c7ecd06543dcd0ded387b77673869\" tg-width=\"832\" tg-height=\"343\" referrerpolicy=\"no-referrer\"></p><p>Chart source | Northeast Securities (thanks hereby)</p><p>The Fed expects the unemployment rate to fall to 4.5% in 2021 (the same as its March forecast), and to 3.8% and 3.5% in 2022 and 2023, respectively-at this point, returning to very low levels, probably considered qualified;</p><p>At the same time, Powell believes that inflation may remain high in the coming months before it eases-the price indicator should be considered to be up to standard.</p><p>Therefore, my conclusion is that what Americans care about is the economy, simply put, employment indicators.</p><p><b>3. The normalization of U.S. monetary policy may accelerate, which deserves attention, but the stock market should be worry-free for the time being.</b></p><p>Judging from the above changes in the number of Fed members' attitudes towards rate hike, the leverage game can basically be considered that the pace of rate hike is much faster than before.</p><p>While there is no signal from rate hike yet, an early arrival is possible. At the same time, Powell is ready to discuss reducing bond purchases, and the hawks are undoubtedly revealed. Then the US dollar will be supported in the short term, and the RMB exchange rate will mainly fluctuate.</p><p>But because liquidity in China and the United States is generally loose. For example, our M2 was 227.54 trillion yuan at the end of May, a year-on-year increase of 8.3%, and the growth rate was 0.2 percentage points higher than that at the end of last month.</p><p>At the same time, no matter the central banks of China and the United States, the communication with the market is relatively full and transparent, and no one will suddenly change monetary policy.</p><p>Therefore, the stock market will not panic as a whole, and the trend downward trend will not occur.</p><p><b>4. Domestic demand is still a bit weak, and external demand supports high production boom. Real estate and investment should not be too cold at this time.</b></p><p>June 16 was a very interesting day. The United States announced some statements of their interest rate meeting, and we released a number of economic indicators.</p><p>We can see that industrial production has actually weakened slightly, and external demand is still an important support.</p><p>According to the statistics of Beijing Capital Securities, for example, the two-year average growth rate of industrial added value above designated size in May was 6.6%, a slight decrease of 0.2 percentage points from the previous value.</p><p><img src=\"https://static.tigerbbs.com/d083afd587e6aa1242d24c96c4ad505e\" tg-width=\"477\" tg-height=\"545\" referrerpolicy=\"no-referrer\"></p><p>Chart source | Beijing Capital Securities (thanks hereby)</p><p>The compound growth rate of export delivery value has dropped significantly, echoing the sharp drop in exports in May. However, without the high growth of exports, industrial data will decline even more.</p><p>Generally speaking, external demand has peaked and fallen, and production and exports will have a slight impact in the next step.</p><p>In terms of fixed investment, it increased by 15.4% year-on-year. However, the newly started housing area has experienced negative growth for two consecutive months, and the completed area has accelerated significantly this month, turning positive to 5.0% year-on-year. Real estate investment is still supported in the short term, and there is certain pressure for a long time.</p><p>At the same time, with the strengthening of debt management, there is a high probability of fixed investment falling.</p><p><img src=\"https://static.tigerbbs.com/140e47518613dba5d257d583f1f9f4ec\" tg-width=\"554\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p>Social retail sales increased by 12.4% in May, slightly lower than market expectations of 12.8%, and the previous value was 17.7%.</p><p>Generally speaking, the leverage game believes that domestic demand is so-so and exports have peaked. Then, real estate suppression is suppression and cannot be made too ugly.</p><p><b>5. It is worth noting whether there is a liquidity inflection point in the United States in the third quarter.</b></p><p>Regardless of global housing prices, commodities, or the U.S. stock market, this round of surge in asset prices is essentially dominated by liquidity.</p><p>Now the question is, is there an inflection point in U.S. liquidity in the third quarter? As mentioned in the leverage game above, the Federal Reserve has signals of shrinking, and the excess reserve interest rate has increased slightly.</p><p><img src=\"https://static.tigerbbs.com/c6a294dbe7d55d78d322cf321fc22590\" tg-width=\"556\" tg-height=\"431\" referrerpolicy=\"no-referrer\"></p><p>Chart source |<a href=\"https://laohu8.com/S/601878\">Zheshang Securities</a>(Thanks hereby)</p><p>In the third quarter, the leverage game believes that the first amplitude is small, and the second is a test. At the same time, the last round of cards played by China's central bank has proved that \"I am the mainstay\"-as long as the United States does not rate hike, the world trend of funds returning to the United States to pursue high returns should not come.</p><p>From this perspective alone, in 2021, my country's stock market will not be bearish; The property market only shows an extremely strict attitude towards speculation. As mentioned above, economic stability still needs it.</p><p>It should be noted that in the third quarter, such as July and August, the Federal Reserve began to formally discuss cutting QE, and began cutting QE at the end of 2021 or early 2022. These are basically within market expectations.</p><p>Nevertheless, this is at least a constraint on the monetary policy of any country.</p><p><b>6. Conclusion: The stock market will basically not be affected by the United States in 2021, and the property market will be dominated by me.</b>The former leverage game means, don't worry about liquidity.</p><p>What I mean by the latter is that the property market will crack down on speculation throughout 2021. However, the local trading ability of the property market is becoming more and more proficient, and it has always had its own way to ensure a certain price and sales volume.</p><p>Besides, the water hasn't decreased.</p>","source":"lsy1574902984297","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hawkish Signal! The Federal Reserve is gradually changing its face, what about the property market and stock market?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHawkish Signal! The Federal Reserve is gradually changing its face, what about the property market and stock market?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">杠杆游戏</strong><span class=\"h-time small\">2021-06-17 21:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Global attention, whether the United States is rate hike, and when will it be rate hike?</p><p>On June 16, local time, the Federal Reserve issued an economic forecast and policy statement. The Federal Reserve raised its forecasts for the U.S. economy and inflation in 2021 respectively, and the dot plot released together showed that more than half of the FOMC members gave expectations for advance rate hike. The median forecast suggested that the Fed would rate hike 2 times before 2023.</p><p>Interest rates may rise from 0.1% to 0.6%.</p><p><img src=\"https://static.tigerbbs.com/d41cae1274b855b1881c45df621f92f1\" tg-width=\"650\" tg-height=\"248\" referrerpolicy=\"no-referrer\"></p><p>Overall, the Fed's concerns about prices have increased, and hawkish signals are beginning to emerge. What impact will this have on China's stock market and property market? Let's talk about the leverage game according to the details of this interest rate meeting.</p><p><b>1. The hawkish turn signal deserves attention!</b></p><p>Thirteen of the 18 committee members support at least one rate hike before the end of 2023. The Federal Reserve is more confident in the U.S. economy. They believe that U.S. GDP will grow by 7.0% in 2021, compared with the forecast of 6.5% at the March meeting.</p><p>The Federal Reserve also raised its real GDP forecast for 2023 to 2.4% from the previous forecast of 2.2%. With the better recovery of the economy, price and monetary policy issues naturally come.</p><p><img src=\"https://static.tigerbbs.com/66259bd1ce43d9289e0638c6cb914df7\" tg-width=\"650\" tg-height=\"257\" referrerpolicy=\"no-referrer\"></p><p>Huatai Futures made a statistic, and the leverage game felt very meaningful, and thanked you.</p><p>The dot plot of the rate hike path of Fed officials shows that by the end of 2023, the Fed may rate hike twice.</p><p>The June dot plot of the FOMC (the Federal Reserve's Open Market Committee) showed that 13 of the 18 members supported at least one rate hike before the end of 2023, compared with 7 in March.</p><p><img src=\"https://static.tigerbbs.com/13dc861d49dae295f65371658fe551af\" tg-width=\"528\" tg-height=\"540\" referrerpolicy=\"no-referrer\"></p><p>Chart source |<a href=\"https://laohu8.com/S/000686\">Northeast Securities</a>(Thanks hereby)</p><p>Eleven members are expected to hold at least two rate hike by the end of 2023, and seven members are expected to start rate hike in 2022. In March, it was 4.</p><p>The median dot plot forecast in March implies that there will be no rate hike until the end of 2023.</p><p><b>2. Federal Reserve Chairman Powell generally believes that it is too early to discuss rate hike. The key is why?</b></p><p>Of course, the Federal Reserve is preparing to adjust the excess reserve rate (IOER) from 0.1% to 0.15%. That is to say, in the face of excess liquidity, the Federal Reserve is actually making appropriate moves.</p><p>However, it is very clear that it will continue to increase its holdings of at least $80 billion in Treasury Bond and at least $40 billion in mortgage-backed securities every month until substantial progress is made on the goals of full employment and price stability.</p><p>Here, the leverage game needs to be said more. What is the goal of full employment and price stability?</p><p>For example, the number of new non-farm employment in the United States in April and May was 278,000 and 559,000 respectively, both lower than expected. Compared with the pre-black swan level, the number of employed people in May still decreased by about 7.6 million.</p><p><img src=\"https://static.tigerbbs.com/8c8c7ecd06543dcd0ded387b77673869\" tg-width=\"832\" tg-height=\"343\" referrerpolicy=\"no-referrer\"></p><p>Chart source | Northeast Securities (thanks hereby)</p><p>The Fed expects the unemployment rate to fall to 4.5% in 2021 (the same as its March forecast), and to 3.8% and 3.5% in 2022 and 2023, respectively-at this point, returning to very low levels, probably considered qualified;</p><p>At the same time, Powell believes that inflation may remain high in the coming months before it eases-the price indicator should be considered to be up to standard.</p><p>Therefore, my conclusion is that what Americans care about is the economy, simply put, employment indicators.</p><p><b>3. The normalization of U.S. monetary policy may accelerate, which deserves attention, but the stock market should be worry-free for the time being.</b></p><p>Judging from the above changes in the number of Fed members' attitudes towards rate hike, the leverage game can basically be considered that the pace of rate hike is much faster than before.</p><p>While there is no signal from rate hike yet, an early arrival is possible. At the same time, Powell is ready to discuss reducing bond purchases, and the hawks are undoubtedly revealed. Then the US dollar will be supported in the short term, and the RMB exchange rate will mainly fluctuate.</p><p>But because liquidity in China and the United States is generally loose. For example, our M2 was 227.54 trillion yuan at the end of May, a year-on-year increase of 8.3%, and the growth rate was 0.2 percentage points higher than that at the end of last month.</p><p>At the same time, no matter the central banks of China and the United States, the communication with the market is relatively full and transparent, and no one will suddenly change monetary policy.</p><p>Therefore, the stock market will not panic as a whole, and the trend downward trend will not occur.</p><p><b>4. Domestic demand is still a bit weak, and external demand supports high production boom. Real estate and investment should not be too cold at this time.</b></p><p>June 16 was a very interesting day. The United States announced some statements of their interest rate meeting, and we released a number of economic indicators.</p><p>We can see that industrial production has actually weakened slightly, and external demand is still an important support.</p><p>According to the statistics of Beijing Capital Securities, for example, the two-year average growth rate of industrial added value above designated size in May was 6.6%, a slight decrease of 0.2 percentage points from the previous value.</p><p><img src=\"https://static.tigerbbs.com/d083afd587e6aa1242d24c96c4ad505e\" tg-width=\"477\" tg-height=\"545\" referrerpolicy=\"no-referrer\"></p><p>Chart source | Beijing Capital Securities (thanks hereby)</p><p>The compound growth rate of export delivery value has dropped significantly, echoing the sharp drop in exports in May. However, without the high growth of exports, industrial data will decline even more.</p><p>Generally speaking, external demand has peaked and fallen, and production and exports will have a slight impact in the next step.</p><p>In terms of fixed investment, it increased by 15.4% year-on-year. However, the newly started housing area has experienced negative growth for two consecutive months, and the completed area has accelerated significantly this month, turning positive to 5.0% year-on-year. Real estate investment is still supported in the short term, and there is certain pressure for a long time.</p><p>At the same time, with the strengthening of debt management, there is a high probability of fixed investment falling.</p><p><img src=\"https://static.tigerbbs.com/140e47518613dba5d257d583f1f9f4ec\" tg-width=\"554\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p>Social retail sales increased by 12.4% in May, slightly lower than market expectations of 12.8%, and the previous value was 17.7%.</p><p>Generally speaking, the leverage game believes that domestic demand is so-so and exports have peaked. Then, real estate suppression is suppression and cannot be made too ugly.</p><p><b>5. It is worth noting whether there is a liquidity inflection point in the United States in the third quarter.</b></p><p>Regardless of global housing prices, commodities, or the U.S. stock market, this round of surge in asset prices is essentially dominated by liquidity.</p><p>Now the question is, is there an inflection point in U.S. liquidity in the third quarter? As mentioned in the leverage game above, the Federal Reserve has signals of shrinking, and the excess reserve interest rate has increased slightly.</p><p><img src=\"https://static.tigerbbs.com/c6a294dbe7d55d78d322cf321fc22590\" tg-width=\"556\" tg-height=\"431\" referrerpolicy=\"no-referrer\"></p><p>Chart source |<a href=\"https://laohu8.com/S/601878\">Zheshang Securities</a>(Thanks hereby)</p><p>In the third quarter, the leverage game believes that the first amplitude is small, and the second is a test. At the same time, the last round of cards played by China's central bank has proved that \"I am the mainstay\"-as long as the United States does not rate hike, the world trend of funds returning to the United States to pursue high returns should not come.</p><p>From this perspective alone, in 2021, my country's stock market will not be bearish; The property market only shows an extremely strict attitude towards speculation. As mentioned above, economic stability still needs it.</p><p>It should be noted that in the third quarter, such as July and August, the Federal Reserve began to formally discuss cutting QE, and began cutting QE at the end of 2021 or early 2022. These are basically within market expectations.</p><p>Nevertheless, this is at least a constraint on the monetary policy of any country.</p><p><b>6. Conclusion: The stock market will basically not be affected by the United States in 2021, and the property market will be dominated by me.</b>The former leverage game means, don't worry about liquidity.</p><p>What I mean by the latter is that the property market will crack down on speculation throughout 2021. However, the local trading ability of the property market is becoming more and more proficient, and it has always had its own way to ensure a certain price and sales volume.</p><p>Besides, the water hasn't decreased.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/yTYYzzbQ08ymsKDOuBB5dw\">杠杆游戏</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f09c44f289c2f0d40610768fe6661fab","relate_stocks":{"513500":"标普500ETF","IVV":"标普500ETF-iShares","QID":"两倍做空纳斯达克指数ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares",".IXIC":"NASDAQ Composite","UDOW":"三倍做多道指30ETF-ProShares","OEX":"标普100","SPY":"标普500ETF","DOG":"道指ETF-ProShares做空","PSQ":"做空纳斯达克100指数ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares","DJX":"1/100道琼斯","OEF":"标普100指数ETF-iShares","TQQQ":"纳指三倍做多ETF","QQQ":"纳指100ETF","QLD":"2倍做多纳斯达克100指数ETF-ProShares",".DJI":"道琼斯"},"source_url":"https://mp.weixin.qq.com/s/yTYYzzbQ08ymsKDOuBB5dw","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111690771","content_text":"全球瞩目，美国是否加息，何时加息？\n当地时间6月16日，美联储发布经济预测和政策声明。美联储分别上调了对2021年的美国经济及通胀预期，而一同公布的点阵图则显示，有超过半数的FOMC委员给出了提前加息的预期，中位数预测暗示，美联储将在2023年前加息2次。\n利率或从0.1%升至0.6%。\n\n总体来说，美联储对物价的担忧提高，鹰派信号初现。这对我国股市、楼市会有什么影响，杠杆游戏根据此次议息会议的细节，展开谈一谈。\n1、鹰派转向信号值得重视！\n18位委员中有13人支持在2023年底前，至少加息1次。美联储对美国经济比较有信心，他们认为2021年美国GDP将增长7.0%，而3月份会议的预测为6.5%。\n美联储还将2023年的实际GDP预测，从之前预期的2.2%上调至2.4%。伴随经济的较好复苏，物价和货币政策问题自然来了。\n\n华泰期货做了一个统计，杠杆游戏觉得非常有意义，并致谢。\n美联储官员的加息路径点阵图显示，到2023年底，美联储或许将加息2次。\nFOMC（美联储的公开市场委员会）6月点阵图显示，18 位委员中有13人支持在2023 年底前至少加息1次，而3月为7位。\n\n图表来源|东北证券（特此感谢）\n11位委员预计到2023年底至少加息2次，7名委员预计在2022年开始加息。3月为4位。\n而3月份的点阵图中位数预测值暗示，到2023年底前不会加息。\n2、美联储主席鲍威尔总体认为，现在讨论加息还为时过早，关键是为什么？\n当然，美联储准备将超额准备金利率（IOER）从0.1%，调整至0.15%，也就是说，面对流动性过剩，美联储其实也在适当出手。\n不过说得很清楚，将继续每月增持至少800亿美元的国债，以及至少400亿美元的住房抵押贷款支持证券，直到充分就业和物价稳定目标取得实质性进展。\n这里杠杆游戏要多一句嘴，什么算充分就业和物价稳定目标？\n比如美国4月、5月新增非农就业人口分别为27.8万和55.9万，均低于预期。与黑天鹅前水平相比，5月就业人数依然减少了约760万。\n\n图表来源|东北证券（特此感谢）\n美联储预计2021年失业率将降至4.5%（与3月的预测持平），2022年和2023年失业率将分别降至3.8%和3.5%——到此，回到非常低的水平，大概算是合格；\n同时鲍威尔认为通货膨胀可能在未来几个月继续居高不下，然后才会有所缓和——物价指标应该算达标。\n所以，我的结论就是，美国人在乎的是经济，简单说就是就业指标。\n3、美国货币政策正常化可能加快，值得重视，但股市应该暂时无忧。\n从上文美联储委员对加息的态度人数变化看，杠杆游戏基本可以认为，加息节奏较此前大大加快。\n虽然目前还没有加息的信号，但提前到来是可能的。同时，鲍威尔已经准备讨论缩减购债，鹰派显露无疑，那么美元短期内有支撑，人民币汇率震荡为主。\n但因为中美流动性总体宽松。如我们的M2，5月末227.54万亿元，同比增长8.3%，增速比上月末高0.2个百分点。\n同时无论中美央行，与市场的沟通都较为充分、透明，谁都不会货币政策突然转向。\n所以股市总体不会恐慌，趋势性下跌不会出现。\n4、内需还是有点弱，外需支撑生产高景气，房地产和投资这个时候不能太凉。\n6月16日是很有意思的一天，美国通报他们的议息会议部分声明，我们发布了多项经济指标。\n我们可以看，工业生产其实略走弱，外需仍是重要支撑。\n首创证券统计发现，比如5月规上工业增加值两年平均增速为6.6%，较前值略降0.2个百分点。\n\n图表来源|首创证券（特此感谢）\n出口交货值复合增速有较大回落，与5月出口大幅回落相呼应，但如果没有出口的高增长，工业数据会下滑更多。\n总体来说，外需见顶回落，生产和出口下一步略有影响是一定的。\n而固投方面，同比增长15.4%。但房屋新开工面积连续两个月负增长，竣工面积本月大幅提速，同比转正为5.0%，短期内房地产投资仍有支撑，长期存在一定的压力。\n同时债务管理的加强，固定投资的回落大概率。\n\n5月社零销售增长12.4%，小幅低于市场预期的12.8%，前值为17.7%。\n总的来说，杠杆游戏认为，内需马马虎虎，出口见顶，那么，房地产打压归打压，不能搞得太难看。\n5、三季度美国是否有流动性拐点，值得注意。\n无论全球房价，还是大宗商品，以及美国股市，资产价格大涨本质这一轮都是流动性主导的。\n现在问题来了，三季度美国流动性是否有拐点？上文杠杆游戏写了，美联储有缩量的信号，超额准备金利率略有提高。\n\n图表来源|浙商证券（特此感谢）\n3季度杠杆游戏认为，第一幅度小，第二是个试探，同时我国央行上一轮的出牌已经证明，“以我为主”——只要美国不加息，资金回美追求高收益的世界趋势，应该不会到来。\n单这个角度说，2021年，我国股市不至于看空；楼市，只是对投机表现出异常严厉的态度，如上所述，经济的稳定还需要它。\n需要注意的是，3季度，比如7、8月，美联储始正式讨论削减QE，2021年底或2022年初开始削减QE，这些基本已在市场预期内。\n尽管如此，这对任何国家的货币政策，起码都是掣肘。\n6、结论：2021年股市基本不会受美国影响，楼市以我为主。前者杠杆游戏的意思是，不要担心流动性。\n后者我的意思是，楼市打击投机，将贯穿2021年始终。但地方对楼市的操盘能力，也是越来越纯熟，保障一定的价格和销量，从来都有自己办法。\n何况，水又没减少。","news_type":1,"symbols_score_info":{"513500":0.9,"QQQ":0.9,"PSQ":0.9,"TQQQ":0.9,"QLD":0.9,"SDOW":0.9,"SDS":0.9,".IXIC":0.9,"OEX":0.9,"MNQmain":0.9,".DJI":0.9,"DJX":0.9,"ESmain":0.9,"QID":0.9,"NQmain":0.9,"IVV":0.9,"SPY":0.9,"DOG":0.9,"OEF":0.9,"UDOW":0.9}},"isVote":1,"tweetType":1,"viewCount":820,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189286384,"gmtCreate":1623276267648,"gmtModify":1704199724162,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"Like and comment! Thanks ?&nbsp;","listText":"Like and comment! Thanks ?&nbsp;","text":"Like and comment! Thanks ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/189286384","repostId":"1166874467","repostType":4,"isVote":1,"tweetType":1,"viewCount":718,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":196551719,"gmtCreate":1621080186031,"gmtModify":1704352748565,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/196551719","repostId":"1164480285","repostType":4,"repost":{"id":"1164480285","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621039073,"share":"https://ttm.financial/m/news/1164480285?lang=en_US&edition=fundamental","pubTime":"2021-05-15 08:37","market":"us","language":"zh","title":"Last night and this morning: Technology led the rebound in U.S. stocks for two days, Tesla fell 12% this week","url":"https://stock-news.laohu8.com/highlight/detail?id=1164480285","media":"老虎资讯综合","summary":"摘要：美债收益率大跌提升投资者风险偏好，纳指大涨逾2％，中概股集体反弹；美国输油管道重开，美油、布油双双大涨逾2％；14个月牛市后，贝佐斯等亿万富豪纷纷减持股票 ，大佬Q1持仓 ：桥水建仓特斯拉抛黄金","content":"<p><b>Summary:</b></p><p><ul><li>The sharp drop in U.S. bond yields increased investors' risk appetite, the Nasdaq rose by more than 2%, and Chinese concept stocks rebounded collectively;</li><li>The U.S. oil pipeline reopened, and both U.S. oil and Brent oil rose by more than 2%;</li><li>After a 14-month bull market, billionaires such as Bezos have reduced their stock holdings,</li><li>Big boss Q1 positions: Bridgewater builds positions<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Throw gold, Soros builds a position<a href=\"https://laohu8.com/S/VIPS\">Vipshop</a>Clearance Palantir.</li></ul><b>Overseas Market</b></p><p><b>1. The decline in U.S. bond yields helped U.S. stocks record second consecutive gains! The Nasdaq rose more than 2%, and Chinese concept stocks rebounded collectively</b></p><p>The three major U.S. stock indexes opened higher and closed higher across the board on Friday. As U.S. retail sales did not increase in April and were worse than expected, U.S. bond yields fell sharply, boosting investors' risk appetite. As of the close, the Dow rose 360.68 points to 34382.13 points, an increase of 1.06%; The Nasdaq rose 304.99 points to 13429.98 points, an increase of 2.32%; The S&P 500 index rose 61.35 points, or 1.49%, to 4,173.85 points.</p><p>Chinese concept stocks as a whole showed a relatively strong rebound. As of Friday's close,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Up 1.66%,<a href=\"https://laohu8.com/S/00700\">Tencent</a>ADR rose 3.64%,<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Up 3.85%,<a href=\"https://laohu8.com/S/JD\">JD.com</a>Up 1.67%,<a href=\"https://laohu8.com/S/NTES\">NetEase</a>Up 3.77%,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Up 10.72%,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Up 9.08%,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Automobiles rose 7.05%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Up 6.50%,<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>Up 11.25%,<a href=\"https://laohu8.com/S/JKS\">JinkoSolar</a>Up 2.47%,<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Up 2.69%,<a href=\"https://laohu8.com/S/TAL\">TAL</a>Up 5.38%,<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Up 5.99%,<a href=\"https://laohu8.com/S/DAO\">Youdao</a>Up 8.64%.</p><p><b>2. The governor of the Bank of England said inflation will not continue European stocks closed higher across the board on Friday</b></p><p>Investor concerns about inflation European stocks continued to rebound sharply on Friday (May 14) as the pullback in commodity prices slowed, after stocks suffered a sell-off at the start of trading this week.</p><p><b>3. The U.S. oil pipeline reopened, and both U.S. oil and Brent oil rose by more than 2%! All higher for the third straight week this week</b></p><p>Crude oil futures prices closed higher on Friday and were similarly higher this week as a key U.S. fuel delivery pipeline reopened after being forced to close last weekend due to a ransomware attack.</p><p><b>4. The strength of the US dollar pushed the price of gold to close up 0.8%, recording the second consecutive rise! Hits a new closing high in more than 3 months</b></p><p>The price of gold futures for June delivery on the New York Mercantile Exchange rose $14.10 to close at $1,838.10 per ounce, an increase of 0.8%, the highest closing price since February 10, after the contract also closed up nearly 0.1% in Thursday's trading. In the overall trading this week, based on the main contract, the price of gold futures rose by about 0.4% cumulatively.</p><p><b>5. Dogecoin soared by more than 40%! Musk speaks out again: will cooperate with Dogecoin developers</b></p><p>Dogecoin price surged on Friday after a social media message from Tesla (NASDAQ: TSLA) CEO Elon Musk, a supporter of the cryptocurrency, and cryptocurrency exchange Coinbase said it would offer Dogecoin trading.</p><p><b>6、</b><a href=\"https://laohu8.com/NW/2135988454\" target=\"_blank\"><b>Big boss Q1 investment: Bridgewater builds a position in Tesla, Soros builds a position in Vipshop</b></a></p><p>Bridgewater, the world's largest hedge fund, increased its holdings of consumer stocks and banking stocks in the first quarter of this year, sold gold ETFs and technology stocks, but built positions<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>。 Soros's family office also sold some technology stocks, among which big data star Palantir directly cleared its positions, but at the same time increased its holdings of many Chinese concept stocks, including new long positions<a href=\"https://laohu8.com/S/VIPS\">Vipshop</a>。</p><p><b>7、</b><a href=\"https://laohu8.com/NW/2135600444\" target=\"_blank\"><b>Bridgewater Fund's Q1 holdings: Increased consumption to buy back Tesla, Chinese concept stocks were reduced</b></a></p><p>According to statistics from the 13F data platform Whalewisdom, among Bridgewater's Q1 positions, a total of 204 targets were increased, 123 targets were reduced, 127 targets were newly added, and 197 targets were cleared. From the perspective of overall operation, Bridgewater's main direction of increasing positions in the first quarter was consumer stocks. For<a href=\"https://laohu8.com/S/SPY\">S&P 500ETF</a>, gold ETFs and other fund instruments have made significant reductions in holdings.</p><p><b>International macro</b></p><p><b>1. Fed Mester: Policy is in good shape Now is not the time to make adjustments</b></p><p>Cleveland Fed President Loretta Mester said the Fed's policy is in good shape right now. She also downplayed the signal sent by the economic data, saying that as the economy restarts, the data will be volatile.</p><p><b>2. Americans are unwilling to spend money? Retail sales failed to increase in April and worse than expected</b></p><p>Data released by the U.S. Department of Commerce on Friday showed that overall retail sales in April were basically flat month-on-month, and were revised up to an increase of 10.7% in March. According to a Bloomberg survey, the median estimate of economists is a 1% increase in April.</p><p><b>3. Is the Fed ready to surrender? Big Short Schiff: US inflation will \"explode\" and the dollar is losing purchasing power</b></p><p>According to Peter Schiff, a famous investor and financial commentator, the Fed will not fight inflation. This was because even if they tried to fight, they were doomed to fail. Therefore, they wouldn't even try. For that reason, I've been telling everyone that there will be no war on inflation. The Fed is ready to surrender now. Inflation will undoubtedly win big. In fact, the future inflation problem will be much more dire than the market expects. If the weakness of gold prices is really due to higher-than-expected inflation, then investors should seize the opportunity to buy now.</p><p><b>4、</b><a href=\"https://laohu8.com/NW/2135600094\" target=\"_blank\"><b>Be safe in your pocket! After 14-month bull market, billionaires like Bezos are trimming their holdings</b></a></p><p>The world's richest shareholders are selling their shares and settling in. Includes<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Of Jeff Bezos and<a href=\"https://laohu8.com/S/GOOG\">Google</a>Corporate insiders, including co-founder Sergey Brin, have recently accelerated the pace of reducing their holdings, seizing the opportunity of the 14-month bull market to cash in.</p><p><b>5. I can't tell whether inflation is good news or bad news. U.S. investors have reason to be scared</b></p><p>It is widely believed that inflation is a positive factor for the stock market. But over the past week, inflation climbed far beyond economists' expectations, sending investors in U.S. stocks panicking. A Wall Street analyst said that a closer look at the historical record may show why investors behaved like this.</p><p><b>6. New debt king Gundlach: There is reason to worry about inflation, which may force the Fed to rate hike</b></p><p>\"It seems to me that markets are starting to get a little worried about (inflation) this week,\" Gundlach said, who then added: \"This is the biggest difference in the CPI from economists'expectations in years, and maybe even in my entire career.\"</p><p><b>Company News</b></p><p><b>1、</b><a href=\"https://laohu8.com/NW/2135860760\" target=\"_blank\"><b>Disney, Airbnb, and DoorDash's earnings reveal a new post-pandemic economic normal</b></a><b></b></p><p>Airbnb said interest in travel has soared again as vaccines become more widely available. The company noted that travel bookings in the UK increased sharply immediately after Prime Minister Boris Johnson announced a phase-out of lockdown in February. For U.S. customers aged 60 and older, searches for summer travel on Airbnb grew more than 60% between February and March of this year.</p><p><b>2、</b><a href=\"https://laohu8.com/NW/2135860665\" target=\"_blank\"><b>Amazon plans to recruit 10,000 permanent employees in the UK again on a large scale</b></a></p><p>A large number of companies have laid off employees during the new crown period, but Amazon, the world's largest online retailer, has become a company swimming against the current. Amazon announced today that it will recruit an additional 10,000 people in the UK. By the end of 2021, the company's total number of employees in the UK will reach 55,000.</p><p><b>3、</b><a href=\"https://laohu8.com/NW/2135607690\" target=\"_blank\"><b>Following Musk's trend, media say Square has no intention of buying more Bitcoin</b></a></p><p>Among the companies that had previously purchased Bitcoin as reserves, some chose to stop. According to reports, after losing $20 million on related investments, Square, a payment financial technology company, said it had no intention of buying more Bitcoin for reserves.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Last night and this morning: Technology led the rebound in U.S. stocks for two days, Tesla fell 12% this week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLast night and this morning: Technology led the rebound in U.S. stocks for two days, Tesla fell 12% this week\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-05-15 08:37</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>Summary:</b></p><p><ul><li>The sharp drop in U.S. bond yields increased investors' risk appetite, the Nasdaq rose by more than 2%, and Chinese concept stocks rebounded collectively;</li><li>The U.S. oil pipeline reopened, and both U.S. oil and Brent oil rose by more than 2%;</li><li>After a 14-month bull market, billionaires such as Bezos have reduced their stock holdings,</li><li>Big boss Q1 positions: Bridgewater builds positions<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Throw gold, Soros builds a position<a href=\"https://laohu8.com/S/VIPS\">Vipshop</a>Clearance Palantir.</li></ul><b>Overseas Market</b></p><p><b>1. The decline in U.S. bond yields helped U.S. stocks record second consecutive gains! The Nasdaq rose more than 2%, and Chinese concept stocks rebounded collectively</b></p><p>The three major U.S. stock indexes opened higher and closed higher across the board on Friday. As U.S. retail sales did not increase in April and were worse than expected, U.S. bond yields fell sharply, boosting investors' risk appetite. As of the close, the Dow rose 360.68 points to 34382.13 points, an increase of 1.06%; The Nasdaq rose 304.99 points to 13429.98 points, an increase of 2.32%; The S&P 500 index rose 61.35 points, or 1.49%, to 4,173.85 points.</p><p>Chinese concept stocks as a whole showed a relatively strong rebound. As of Friday's close,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Up 1.66%,<a href=\"https://laohu8.com/S/00700\">Tencent</a>ADR rose 3.64%,<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Up 3.85%,<a href=\"https://laohu8.com/S/JD\">JD.com</a>Up 1.67%,<a href=\"https://laohu8.com/S/NTES\">NetEase</a>Up 3.77%,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Up 10.72%,<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>Up 9.08%,<a href=\"https://laohu8.com/S/NIO\">Nio</a>Automobiles rose 7.05%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Up 6.50%,<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>Up 11.25%,<a href=\"https://laohu8.com/S/JKS\">JinkoSolar</a>Up 2.47%,<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Up 2.69%,<a href=\"https://laohu8.com/S/TAL\">TAL</a>Up 5.38%,<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Up 5.99%,<a href=\"https://laohu8.com/S/DAO\">Youdao</a>Up 8.64%.</p><p><b>2. The governor of the Bank of England said inflation will not continue European stocks closed higher across the board on Friday</b></p><p>Investor concerns about inflation European stocks continued to rebound sharply on Friday (May 14) as the pullback in commodity prices slowed, after stocks suffered a sell-off at the start of trading this week.</p><p><b>3. The U.S. oil pipeline reopened, and both U.S. oil and Brent oil rose by more than 2%! All higher for the third straight week this week</b></p><p>Crude oil futures prices closed higher on Friday and were similarly higher this week as a key U.S. fuel delivery pipeline reopened after being forced to close last weekend due to a ransomware attack.</p><p><b>4. The strength of the US dollar pushed the price of gold to close up 0.8%, recording the second consecutive rise! Hits a new closing high in more than 3 months</b></p><p>The price of gold futures for June delivery on the New York Mercantile Exchange rose $14.10 to close at $1,838.10 per ounce, an increase of 0.8%, the highest closing price since February 10, after the contract also closed up nearly 0.1% in Thursday's trading. In the overall trading this week, based on the main contract, the price of gold futures rose by about 0.4% cumulatively.</p><p><b>5. Dogecoin soared by more than 40%! Musk speaks out again: will cooperate with Dogecoin developers</b></p><p>Dogecoin price surged on Friday after a social media message from Tesla (NASDAQ: TSLA) CEO Elon Musk, a supporter of the cryptocurrency, and cryptocurrency exchange Coinbase said it would offer Dogecoin trading.</p><p><b>6、</b><a href=\"https://laohu8.com/NW/2135988454\" target=\"_blank\"><b>Big boss Q1 investment: Bridgewater builds a position in Tesla, Soros builds a position in Vipshop</b></a></p><p>Bridgewater, the world's largest hedge fund, increased its holdings of consumer stocks and banking stocks in the first quarter of this year, sold gold ETFs and technology stocks, but built positions<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>。 Soros's family office also sold some technology stocks, among which big data star Palantir directly cleared its positions, but at the same time increased its holdings of many Chinese concept stocks, including new long positions<a href=\"https://laohu8.com/S/VIPS\">Vipshop</a>。</p><p><b>7、</b><a href=\"https://laohu8.com/NW/2135600444\" target=\"_blank\"><b>Bridgewater Fund's Q1 holdings: Increased consumption to buy back Tesla, Chinese concept stocks were reduced</b></a></p><p>According to statistics from the 13F data platform Whalewisdom, among Bridgewater's Q1 positions, a total of 204 targets were increased, 123 targets were reduced, 127 targets were newly added, and 197 targets were cleared. From the perspective of overall operation, Bridgewater's main direction of increasing positions in the first quarter was consumer stocks. For<a href=\"https://laohu8.com/S/SPY\">S&P 500ETF</a>, gold ETFs and other fund instruments have made significant reductions in holdings.</p><p><b>International macro</b></p><p><b>1. Fed Mester: Policy is in good shape Now is not the time to make adjustments</b></p><p>Cleveland Fed President Loretta Mester said the Fed's policy is in good shape right now. She also downplayed the signal sent by the economic data, saying that as the economy restarts, the data will be volatile.</p><p><b>2. Americans are unwilling to spend money? Retail sales failed to increase in April and worse than expected</b></p><p>Data released by the U.S. Department of Commerce on Friday showed that overall retail sales in April were basically flat month-on-month, and were revised up to an increase of 10.7% in March. According to a Bloomberg survey, the median estimate of economists is a 1% increase in April.</p><p><b>3. Is the Fed ready to surrender? Big Short Schiff: US inflation will \"explode\" and the dollar is losing purchasing power</b></p><p>According to Peter Schiff, a famous investor and financial commentator, the Fed will not fight inflation. This was because even if they tried to fight, they were doomed to fail. Therefore, they wouldn't even try. For that reason, I've been telling everyone that there will be no war on inflation. The Fed is ready to surrender now. Inflation will undoubtedly win big. In fact, the future inflation problem will be much more dire than the market expects. If the weakness of gold prices is really due to higher-than-expected inflation, then investors should seize the opportunity to buy now.</p><p><b>4、</b><a href=\"https://laohu8.com/NW/2135600094\" target=\"_blank\"><b>Be safe in your pocket! After 14-month bull market, billionaires like Bezos are trimming their holdings</b></a></p><p>The world's richest shareholders are selling their shares and settling in. Includes<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Of Jeff Bezos and<a href=\"https://laohu8.com/S/GOOG\">Google</a>Corporate insiders, including co-founder Sergey Brin, have recently accelerated the pace of reducing their holdings, seizing the opportunity of the 14-month bull market to cash in.</p><p><b>5. I can't tell whether inflation is good news or bad news. U.S. investors have reason to be scared</b></p><p>It is widely believed that inflation is a positive factor for the stock market. But over the past week, inflation climbed far beyond economists' expectations, sending investors in U.S. stocks panicking. A Wall Street analyst said that a closer look at the historical record may show why investors behaved like this.</p><p><b>6. New debt king Gundlach: There is reason to worry about inflation, which may force the Fed to rate hike</b></p><p>\"It seems to me that markets are starting to get a little worried about (inflation) this week,\" Gundlach said, who then added: \"This is the biggest difference in the CPI from economists'expectations in years, and maybe even in my entire career.\"</p><p><b>Company News</b></p><p><b>1、</b><a href=\"https://laohu8.com/NW/2135860760\" target=\"_blank\"><b>Disney, Airbnb, and DoorDash's earnings reveal a new post-pandemic economic normal</b></a><b></b></p><p>Airbnb said interest in travel has soared again as vaccines become more widely available. The company noted that travel bookings in the UK increased sharply immediately after Prime Minister Boris Johnson announced a phase-out of lockdown in February. For U.S. customers aged 60 and older, searches for summer travel on Airbnb grew more than 60% between February and March of this year.</p><p><b>2、</b><a href=\"https://laohu8.com/NW/2135860665\" target=\"_blank\"><b>Amazon plans to recruit 10,000 permanent employees in the UK again on a large scale</b></a></p><p>A large number of companies have laid off employees during the new crown period, but Amazon, the world's largest online retailer, has become a company swimming against the current. Amazon announced today that it will recruit an additional 10,000 people in the UK. By the end of 2021, the company's total number of employees in the UK will reach 55,000.</p><p><b>3、</b><a href=\"https://laohu8.com/NW/2135607690\" target=\"_blank\"><b>Following Musk's trend, media say Square has no intention of buying more Bitcoin</b></a></p><p>Among the companies that had previously purchased Bitcoin as reserves, some chose to stop. According to reports, after losing $20 million on related investments, Square, a payment financial technology company, said it had no intention of buying more Bitcoin for reserves.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b23574aac95526c9e5c62ebc8dd25130","relate_stocks":{"QLD":"2倍做多纳斯达克100指数ETF-ProShares","TTTN":"老虎中美互联网巨头ETF","03086":"华夏纳指","QQQ":"纳指100ETF","QNETCN":"纳斯达克中美互联网老虎指数","TQQQ":"纳指三倍做多ETF","SQQQ":"纳指三倍做空ETF","QID":"两倍做空纳斯达克指数ETF-ProShares","PDD":"拼多多","BABA":"阿里巴巴","NTES":"网易","PSQ":"做空纳斯达克100指数ETF-ProShares","JD":"京东",".IXIC":"NASDAQ Composite"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164480285","content_text":"摘要：美债收益率大跌提升投资者风险偏好，纳指大涨逾2％，中概股集体反弹；美国输油管道重开，美油、布油双双大涨逾2％；14个月牛市后，贝佐斯等亿万富豪纷纷减持股票 ，大佬Q1持仓 ：桥水建仓特斯拉抛黄金，索罗斯建仓唯品会清仓Palantir。海外市场1、美债收益率下跌助美股录得二连涨！纳指大涨逾2％，中概股集体反弹美股三大指数周五高开高走全线收涨，因美国4月零售销售未见增长并逊于预期，美债收益率大跌，提升了投资者的风险偏好情绪。截至收盘，道指涨360.68点，报34382.13点，涨幅为1.06%；纳指涨304.99点，报13429.98点，涨幅为2.32%；标普500指数涨61.35点，报4173.85点，涨幅为1.49%。中概股整体出现了较为强劲的反弹。截至周五收盘，阿里巴巴涨1.66%、腾讯ADR涨3.64%、百度涨3.85%、京东涨1.67%、网易涨3.77%、哔哩哔哩涨10.72%、小鹏汽车涨9.08%、蔚来汽车涨7.05%、理想汽车涨6.50%、嘉楠科技涨11.25%、晶科能源涨2.47%、拼多多涨2.69%、好未来涨5.38%、新东方涨5.99%、有道涨8.64%。2、英国央行行长称通胀不会持续 欧股周五全线收涨投资者对通胀的担忧随着大宗商品价格的回落放缓，欧洲股市周五（5月14日）继续大幅反弹，此前股市在本周交易开始时遭遇抛售。3、美国输油管道重开，美油、布油双双大涨逾2％！本周均连续第三周走高原油期货价格周五收盘上涨，本周也同样走高，原因是美国一条关键的燃油输送管道在上周末因受到勒索软件攻击而被迫关闭后重新开放。4、美元走强推动金价收高0.8％，录得二连涨！创3个多月收盘新高纽约商品交易所6月份交割的黄金期货价格上涨14.10美元，报收于每盎司1838.10美元，涨幅为0.8%，创下了自2月10日以来的最高收盘价，此前该合约在周四的交易中也收盘上涨近0.1%在本周的整体交易中，按主力合约计算，黄金期货价格累计上涨了0.4%左右。5、狗狗币飙涨逾40％！马斯克再发声：将与狗狗币开发商合作狗狗币价格周五飙升，原因是这种加密货币的支持者、特斯拉（NASDAQ:TSLA）首席执行官埃隆·马斯克（Elon Musk）在社交媒体上发布了一条消息，且加密货币交易所Coinbase称其将提供狗狗币交易。6、大佬Q1投资：桥水建仓特斯拉，索罗斯建仓唯品会全球最大对冲基金桥水今年一季度增持消费类股和银行股，抛售黄金ETF和科技股，但建仓了特斯拉。索罗斯的家族办公室也抛售了一些科技股，其中大数据明星Palantir直接清仓，但同时增持了不少中概股，包括新进做多唯品会。7、桥水基金Q1持仓：加仓消费买回特斯拉，中概股遭减持根据13F数据平台Whalewisdom统计，在桥水Q1持仓中，总共增持204个标的、减持123个标的、新进127个标的、清仓197个标的。从整体操作来看，桥水一季度主要加仓方向为消费股，对于标普500ETF、黄金ETF等基金工具做出了较大减持。国际宏观1、美联储梅斯特：政策处于良好状态 现在不是进行调整的时候克里夫兰联邦储备银行行长洛蕾塔·梅斯特（Loretta Mester）表示，美联储的政策目前处于良好状态。她还淡化了经济数据发出的信号，称随着经济重启，数据将会表现不稳定。2、美国人不愿意花钱了？4月零售销售未见增长，并逊于预期美国商务部周五公布的数据显示，4月整体零售额环比基本持平，3月上修为增长10.7%。彭博调查显示，经济学家预估中值为4月增长1%。3、美联储已准备投降？大空头席夫：美国通胀将“爆炸”，美元正丧失购买力在著名投资人、财经评论家席夫（Peter Schiff）看来美，联储不会和通货膨胀作战的。这么说是因为，哪怕他们尝试去作战，也注定将会失败，所以，他们根本就连尝试都不会去尝试。出于这个原因，我一直在告诉大家，不会有针对通货膨胀的战争。联储现在就已经准备好投降了。通货膨胀毫无疑问将大获全胜。事实上，未来的通胀问题将比市场所预计的可怕得多。如果金价的疲软真的是因为通货膨胀高过预期的缘故，那么投资者现在就应该抓住机会买进。4、落袋为安！14个月牛市后，贝佐斯等亿万富豪纷纷减持股票全世界最富有的股东们纷纷出售持股、落袋为安。包括亚马逊的杰夫·贝佐斯和谷歌联合创始人Sergey Brin在内，企业内部人士最近加快减持步伐，抓住14个月大牛市的机会变现。5、分不清通胀到底是喜讯还是噩耗 美国投资者有理由心惊肉跳人们普遍认为，对于股市来说，通货膨胀是个利好因素。但是，在过去的一周内，远超经济学家预期的通胀攀升，让美国股市的投资者们惊慌失措。一位华尔街分析师表示，仔细翻看历史记录，或许就能知道投资者们为何会有如此表现了。6、新债王冈拉克：有理由担心通胀，可能迫使美联储加息冈拉克表示：“在我看来，本周市场开始有点担心（通胀）了。”他随后补充说：“这是多年来消费者物价指数与经济学家预期相差最大的一次，甚至可能是我整个职业生涯中最大的一次。”公司新闻1、迪士尼、爱彼迎和DoorDash的财报揭示了疫情后的经济新常态爱彼迎表示，随着疫苗变得更加普及，人们对旅游的兴趣再次飙升。该公司指出，在英国首相鲍里斯-约翰逊2月份宣布逐步退出封锁后，英国的旅游预订量立即大幅增加。对于60岁及以上的美国客户来说，今年2月至3月，Airbnb上夏季旅游的搜索量增长了60%以上。2、亚马逊再次大规模招聘 计划在英吸纳10000名永久雇员新冠期间大量企业纷纷裁员，但全球最大在线零售商亚马逊却成为逆流而上的公司。亚马逊今日宣布将在英国增加招聘1万人，到2021年底，公司在英国的总雇员人数将达到5.5万人。3、跟风马斯克收手，媒体称Square无意购买更多比特币此前曾经购买比特币作为储备的企业当中，有人选择了停手。根据报道，在相关投资上损失了2000万美元之后，支付金融技术公司Square表示无意购买更多的比特币作储备。","news_type":1,"symbols_score_info":{"QNETCN":0.9,"MNQmain":0.9,"PDD":0.9,"QLD":0.9,"PSQ":0.9,"JD":0.9,"TTTN":0.9,"03086":0.9,"SQQQ":0.9,"BABA":0.9,"NTES":0.9,"NQmain":0.9,"QQQ":0.9,"QID":0.9,".IXIC":0.9,"TQQQ":0.9}},"isVote":1,"tweetType":1,"viewCount":484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346370895,"gmtCreate":1618008997217,"gmtModify":1704705832486,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/346370895","repostId":"2126702543","repostType":4,"isVote":1,"tweetType":1,"viewCount":739,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328359082,"gmtCreate":1615500384846,"gmtModify":1704783644356,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/328359082","repostId":"1136225097","repostType":4,"repost":{"id":"1136225097","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615192483,"share":"https://ttm.financial/m/news/1136225097?lang=en_US&edition=fundamental","pubTime":"2021-03-08 16:34","market":"sh","language":"zh","title":"U.S. stocks will enter daylight saving time starting from March 14, and the opening and closing will be one hour earlier","url":"https://stock-news.laohu8.com/highlight/detail?id=1136225097","media":"老虎资讯综合","summary":"美东时间3月14日2:00（北京时间3月14日起），北美地区开始实行夏令时，美股市场开盘和收盘均将提前一小时，至美东时间2021年11月7日结束。即美股交易时间更改为北京时间21:30至次日凌晨04:","content":"<p>At 2:00 Eastern Time on March 14 (starting from March 14, Beijing time), North America will begin to implement daylight saving time, and the opening and closing of the U.S. stock market will be one hour earlier, ending on November 7, 2021 Eastern Time.</p><p>That is, the trading hours of U.S. stocks are changed to 21:30 Beijing time to 04:00 the next morning, the pre-hours trading hours are 16:00 to 21:30, and the after-hours trading hours are 04:00 to 08:00. March 15 is the first trading day for U.S. stocks after entering daylight saving time.</p><p>Winter time in Europe will officially end on March 28th, Beijing time, and switch to daylight saving time.</p><p><b>Background Addition:</b></p><p>Daylight saving time, also known as Daylight saving time and Summer time, is a system that artificially prescribes regional time to save energy. The uniform time adopted during the implementation of this system is called \"daylight saving time\". Generally, in summer when dawn is early, the time is artificially advanced by one hour, which can make people get up early and go to bed early to reduce the amount of lighting, so as to make full use of sunlight and save electricity.</p><p>It is understood that the \"daylight saving time\" in the United States originated in 1918, when the United States first implemented daylight saving time when it participated in the First World War, but it was cancelled immediately after the war and restored again in 1966.</p><p>The implementation of daylight time in the United States is entirely decided by each state and county, and is not uniformly stipulated by the federal government. At present, most parts of the United States implement daylight saving time. Areas in the United States that do not implement daylight saving time include: most parts of Arizona, but a small part of the northeast of the state uses daylight saving time; State of Hawaii; Puerto Rico and the Virgin Islands; American Samoa, Guam and the Northern Mariana Islands.<img src=\"https://static.tigerbbs.com/2b3c5afcedf9e4a595b7e8bdffd98507\" tg-width=\"1920\" tg-height=\"1200\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. stocks will enter daylight saving time starting from March 14, and the opening and closing will be one hour earlier</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. stocks will enter daylight saving time starting from March 14, and the opening and closing will be one hour earlier\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-03-08 16:34</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>At 2:00 Eastern Time on March 14 (starting from March 14, Beijing time), North America will begin to implement daylight saving time, and the opening and closing of the U.S. stock market will be one hour earlier, ending on November 7, 2021 Eastern Time.</p><p>That is, the trading hours of U.S. stocks are changed to 21:30 Beijing time to 04:00 the next morning, the pre-hours trading hours are 16:00 to 21:30, and the after-hours trading hours are 04:00 to 08:00. March 15 is the first trading day for U.S. stocks after entering daylight saving time.</p><p>Winter time in Europe will officially end on March 28th, Beijing time, and switch to daylight saving time.</p><p><b>Background Addition:</b></p><p>Daylight saving time, also known as Daylight saving time and Summer time, is a system that artificially prescribes regional time to save energy. The uniform time adopted during the implementation of this system is called \"daylight saving time\". Generally, in summer when dawn is early, the time is artificially advanced by one hour, which can make people get up early and go to bed early to reduce the amount of lighting, so as to make full use of sunlight and save electricity.</p><p>It is understood that the \"daylight saving time\" in the United States originated in 1918, when the United States first implemented daylight saving time when it participated in the First World War, but it was cancelled immediately after the war and restored again in 1966.</p><p>The implementation of daylight time in the United States is entirely decided by each state and county, and is not uniformly stipulated by the federal government. At present, most parts of the United States implement daylight saving time. Areas in the United States that do not implement daylight saving time include: most parts of Arizona, but a small part of the northeast of the state uses daylight saving time; State of Hawaii; Puerto Rico and the Virgin Islands; American Samoa, Guam and the Northern Mariana Islands.<img src=\"https://static.tigerbbs.com/2b3c5afcedf9e4a595b7e8bdffd98507\" tg-width=\"1920\" tg-height=\"1200\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/2b3c5afcedf9e4a595b7e8bdffd98507","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136225097","content_text":"美东时间3月14日2:00（北京时间3月14日起），北美地区开始实行夏令时，美股市场开盘和收盘均将提前一小时，至美东时间2021年11月7日结束。即美股交易时间更改为北京时间21:30至次日凌晨04:00，盘前交易时间为16:00至21:30，盘后交易时间为04:00至08:00。3月15日为进入夏令时后美股首个交易日。欧洲地区的冬令时时间将会在北京时间 3月28日正式结束，转为夏令时时间。背景补充：夏时制，又称日光节约时制（英语：Daylight saving time）和夏令时间（英语：Summer time），是一种为节约能源而人为规定地区时间的制度。该制度实行期间所采用的统一时间称为“夏令时”。一般在天亮早的夏季人为将时间提前1小时，这样可使人早起早睡减少照明量，以充分利用日光节约用电。据了解，美国“夏令时”起源于1918年，当时的美国在参加第一次世界大战时首次实行夏时制，但战后立即取消，与1966年再次恢复。美国夏时制的实行与否，完全由各州、各县自行决定，不由联邦政府统一规定。目前美国绝大部分地区实行夏令时，美国不实行夏令时的地区包括：亚利桑那州大部分地区，但该州东北的一小部分使用夏令时；夏威夷州；波多黎各和维京群岛；美属萨摩亚、关岛和北马里亚纳群岛。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":524,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321153878,"gmtCreate":1615415656494,"gmtModify":1704782415287,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"To the moon! ?","listText":"To the moon! ?","text":"To the moon! ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/321153878","repostId":"2118154672","repostType":4,"repost":{"id":"2118154672","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1615390022,"share":"https://ttm.financial/m/news/2118154672?lang=en_US&edition=fundamental","pubTime":"2021-03-10 23:27","market":"us","language":"en","title":"Reddit forums get behind Roblox ahead of stock launch","url":"https://stock-news.laohu8.com/highlight/detail?id=2118154672","media":"Reuters","summary":"Roblox Corp is set to join the ranks of the so-called \"meme stocks\" such as GameStop at the center o","content":"<p>Roblox Corp is set to join the ranks of the so-called \"meme stocks\" such as GameStop at the center of social media-fueled rallies that have gripped Wall Street when the gaming platform becomes a publicly traded company on Wednesday.</p>\n<p>The San Mateo, California-based gaming site, whose revenues surged last year as hundreds of millions of kids were marooned in their homes by coronavirus shutdowns, has spent months preparing for its stock market launch.</p>\n<p>Roblox is looking to capitalize on a red-hot market for new share issues, and has opted to go public through a direct listing meaning it has not sold any shares in advance of its market debut on Wednesday.</p>\n<p>Dozens of posts on social media platforms including Reddit suggest the company's shares will draw a wave of buying from the army of small-time investors who have shocked institutional investors with their ability this year to move shares in companies including GameStop, AMC Inc and BlackBerry.</p>\n<p>The New York Stock Exchange on Tuesday set a reference price of $45 for shares of the U.S. gaming platform, implying a market value for the company of around $30 billion.</p>\n<p>Roblox was founded in 2004 by David Baszucki and Erik Cassel, although its journey began in 1989 when Baszucki and Cassel programmed a 2D simulated physics lab that would later lay the groundwork for the company.</p>\n<p>Roblox has since grown into a community of more than eight million active developers who produce their own 3D multi-player games each month using the company's design tool.</p>\n<p>On an average 37.1 million people globally log on to Roblox daily to connect with friends, according to the company's filing, and play some of its most popular games such as \"Natural Disaster Survival\", \"Murder Mystery 2\", \"Jailbreak\" and \"Speed Run 4\".</p>\n<p>In 2020, people stuck at home during the COVID-19 pandemic fueled an 85% year-on-year jump in Roblox's daily active users to 32.6 million across more than 180 countries.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reddit forums get behind Roblox ahead of stock launch</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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*/\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReddit forums get behind Roblox ahead of stock launch\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-03-10 23:27</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Roblox Corp is set to join the ranks of the so-called \"meme stocks\" such as GameStop at the center of social media-fueled rallies that have gripped Wall Street when the gaming platform becomes a publicly traded company on Wednesday.</p>\n<p>The San Mateo, California-based gaming site, whose revenues surged last year as hundreds of millions of kids were marooned in their homes by coronavirus shutdowns, has spent months preparing for its stock market launch.</p>\n<p>Roblox is looking to capitalize on a red-hot market for new share issues, and has opted to go public through a direct listing meaning it has not sold any shares in advance of its market debut on Wednesday.</p>\n<p>Dozens of posts on social media platforms including Reddit suggest the company's shares will draw a wave of buying from the army of small-time investors who have shocked institutional investors with their ability this year to move shares in companies including GameStop, AMC Inc and BlackBerry.</p>\n<p>The New York Stock Exchange on Tuesday set a reference price of $45 for shares of the U.S. gaming platform, implying a market value for the company of around $30 billion.</p>\n<p>Roblox was founded in 2004 by David Baszucki and Erik Cassel, although its journey began in 1989 when Baszucki and Cassel programmed a 2D simulated physics lab that would later lay the groundwork for the company.</p>\n<p>Roblox has since grown into a community of more than eight million active developers who produce their own 3D multi-player games each month using the company's design tool.</p>\n<p>On an average 37.1 million people globally log on to Roblox daily to connect with friends, according to the company's filing, and play some of its most popular games such as \"Natural Disaster Survival\", \"Murder Mystery 2\", \"Jailbreak\" and \"Speed Run 4\".</p>\n<p>In 2020, people stuck at home during the COVID-19 pandemic fueled an 85% year-on-year jump in Roblox's daily active users to 32.6 million across more than 180 countries.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RBLX":"Roblox Corporation"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2118154672","content_text":"Roblox Corp is set to join the ranks of the so-called \"meme stocks\" such as GameStop at the center of social media-fueled rallies that have gripped Wall Street when the gaming platform becomes a publicly traded company on Wednesday.\nThe San Mateo, California-based gaming site, whose revenues surged last year as hundreds of millions of kids were marooned in their homes by coronavirus shutdowns, has spent months preparing for its stock market launch.\nRoblox is looking to capitalize on a red-hot market for new share issues, and has opted to go public through a direct listing meaning it has not sold any shares in advance of its market debut on Wednesday.\nDozens of posts on social media platforms including Reddit suggest the company's shares will draw a wave of buying from the army of small-time investors who have shocked institutional investors with their ability this year to move shares in companies including GameStop, AMC Inc and BlackBerry.\nThe New York Stock Exchange on Tuesday set a reference price of $45 for shares of the U.S. gaming platform, implying a market value for the company of around $30 billion.\nRoblox was founded in 2004 by David Baszucki and Erik Cassel, although its journey began in 1989 when Baszucki and Cassel programmed a 2D simulated physics lab that would later lay the groundwork for the company.\nRoblox has since grown into a community of more than eight million active developers who produce their own 3D multi-player games each month using the company's design tool.\nOn an average 37.1 million people globally log on to Roblox daily to connect with friends, according to the company's filing, and play some of its most popular games such as \"Natural Disaster Survival\", \"Murder Mystery 2\", \"Jailbreak\" and \"Speed Run 4\".\nIn 2020, people stuck at home during the COVID-19 pandemic fueled an 85% year-on-year jump in Roblox's daily active users to 32.6 million across more than 180 countries.","news_type":1,"symbols_score_info":{"RBLX":0.9}},"isVote":1,"tweetType":1,"viewCount":374,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9094100504,"gmtCreate":1645070861849,"gmtModify":1676533994282,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"😂&nbsp;","listText":"😂&nbsp;","text":"😂","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094100504","repostId":"1114920857","repostType":4,"repost":{"id":"1114920857","kind":"news","pubTimestamp":1645069007,"share":"https://ttm.financial/m/news/1114920857?lang=en_US&edition=fundamental","pubTime":"2022-02-17 11:36","market":"us","language":"en","title":"Elon Musk Recalls The Time When Charlie Munger Told A Whole Table How 'Tesla Would Fail'","url":"https://stock-news.laohu8.com/highlight/detail?id=1114920857","media":"Benzinga","summary":"Tesla IncElonMuskon Wednesday called outBerkshireHathawayIncVice ChairCharlieMungerfor his discouraging words over a decade ago that listed all the ways the billionaire entrepreneur’s electric vehicle","content":"<div>\n<p>Tesla Inc Elon Musk on Wednesday called out Berkshire Hathaway Inc Vice Chair Charlie Munger for his discouraging words over a decade ago that listed all the ways the billionaire entrepreneur’s ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/22/02/25680190/elon-musk-recalls-the-time-when-charlie-munger-told-a-whole-table-how-tesla-would-fail\">Source Link</a>\n\n</div>\n","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elon Musk Recalls The Time When Charlie Munger Told A Whole Table How 'Tesla Would Fail'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElon Musk Recalls The Time When Charlie Munger Told A Whole Table How 'Tesla Would Fail'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-17 11:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/22/02/25680190/elon-musk-recalls-the-time-when-charlie-munger-told-a-whole-table-how-tesla-would-fail><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla Inc Elon Musk on Wednesday called out Berkshire Hathaway Inc Vice Chair Charlie Munger for his discouraging words over a decade ago that listed all the ways the billionaire entrepreneur’s ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/22/02/25680190/elon-musk-recalls-the-time-when-charlie-munger-told-a-whole-table-how-tesla-would-fail\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BRK.A":"伯克希尔","TSLA":"特斯拉"},"source_url":"https://www.benzinga.com/markets/cryptocurrency/22/02/25680190/elon-musk-recalls-the-time-when-charlie-munger-told-a-whole-table-how-tesla-would-fail","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114920857","content_text":"Tesla Inc Elon Musk on Wednesday called out Berkshire Hathaway Inc Vice Chair Charlie Munger for his discouraging words over a decade ago that listed all the ways the billionaire entrepreneur’s electric vehicle venture would fail.What Happened: Musk replied to a social media post that pointed out Munger's latest harsh views towards cryptocurrency at a media event.The 98-year old value investor and Warren Buffett’s right-hand man had on Wednesday said he is proud to have not invested in cryptocurrency, adding that it should be “banned” and likened it to a “venereal disease.”Musk compared Munger’s latest comments with a 2009 incident when the legendary investor “told the whole table” at a lunch meeting on “all the ways Tesla would fail.”The world’s richest man said Munger’s comments left him sad but he agreed with the veteron investor at the time. “We would probably die, but it was worth trying anyway,” Musk purportedly told the Berkshire vice chair. The Tesla and SpaceX CEO did not provide more details of the incident.Why It Matters: Munger has criticized cryptocurrency before. He had in February last year said he hates the Bitcoin success.“I don't welcome a currency that's so useful to kidnappers and extortionists and so forth,” he had said at the time.Surprisingly, Buffett-controlled Berkshire had in the fourth quarter of 2021 initiated a position in the BTC-friendly Brazilian bank Nu Holdings Ltd while dumping shares of Visa Inc and Mastercard Incorporated.The company led by the Oracle of Omaha bought $1 billion worth of Nubank shares in the fourth quarter of 2021 and sold $1.8 billion and $1.3 billion worth of Visa and Mastercard stock.Musk had last year disclosed a $1.5 billion investment in Bitcoin and began accepting the cryptocurrency as payment for its vehicles before halting the initiative in May.Price Action: Tesla shares closed 0.1% higher at $923.39 a share on Wednesday.","news_type":1,"symbols_score_info":{"BRK.A":0.9,"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":2373,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149084162,"gmtCreate":1625694671756,"gmtModify":1703746412806,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/149084162","repostId":"1138737345","repostType":4,"isVote":1,"tweetType":1,"viewCount":1802,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169108017,"gmtCreate":1623819618839,"gmtModify":1703820476550,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/169108017","repostId":"1152483519","repostType":4,"repost":{"id":"1152483519","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623813890,"share":"https://ttm.financial/m/news/1152483519?lang=en_US&edition=fundamental","pubTime":"2021-06-16 11:24","market":"us","language":"zh","title":"If the Fed does scale back QE, which stocks should investors allocate?","url":"https://stock-news.laohu8.com/highlight/detail?id=1152483519","media":"老虎资讯综合","summary":"本周是“超级央行周”，美联储等多家央行要公布利率决议。美国5月份通胀高达5%，创出13年新高，美联储议息会议会不会宣布缩减QE？这成为市场关注焦点。\n美联储可能开始讨论缩减购债\n会议纪要显示，在上次会","content":"<p>This week is the \"Super Central Bank Week\", and many central banks such as the Federal Reserve will announce interest rate decisions. U.S. inflation reached 5% in May, hitting a 13-year high. Will the Federal Reserve announce a reduction in QE at its interest rate meeting? This has become the focus of market attention.</p><p><b>Fed may start discussing tapering bond purchases</b></p><p>At the last meeting, some Fed officials pointed out that it might be appropriate to start discussing plans to adjust the pace of bond purchases if the U.S. economy continues to make progress, minutes show.</p><p><b>At 02:00 on June 17, Beijing time, the Federal Reserve will announce its interest rate decision. The market doesn't expect the Fed to take any policy moves this time, but it may signal to the market that it is considering changing its bond-buying policy.</b>The Fed will also release new forecasts later, possibly with its first rate hike in 2023. Analysts don't expect much detail on the tapering program, but expect it to be mentioned, and the Fed is more likely to have a clearer discussion later in the summer.</p><p>According to CNBC, some analysts predict that the Federal Reserve may trigger a new \"taper tantrum.\" In this regard, CNBC studied the stocks that shined during the surge in interest rates in 2013. CNBC believes that if interest rates soar again, these stocks are expected to replicate the trend of 2013.</p><p>In 2013, the Federal Reserve said it would gradually reduce its economic stimulus measures during the Great Recession by slowing the pace of Treasury Bond purchases. The investor panic that followed led to a bond sell-off and a surge in Treasury Bond yields.</p><p>Billionaire hedge fund manager Paul Tudor Jones told CNBC on Monday that if the Federal Reserve signals this week that plans to begin slowing asset purchases as CPI rises, Jones expects another taper tantrum in the market.</p><p>Jones said that investors will sell fixed-income products and stocks will be corrected.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7973ab073d39d8f41a6836cd3a8c18c6\" tg-width=\"704\" tg-height=\"469\"><span>Paul Tudor Jones</span></p><p>CNBC takes stock of the best-performing stocks in the market during the market panic triggered by the last tapering of QE from May 2013 to the end of the year. At least 75% of analysts say they can consider buying these stocks today as they expect them to rise significantly over the next 12 months.</p><p><img src=\"https://static.tigerbbs.com/06d0e9e5ac58908b4b65795e2ad00c27\" tg-width=\"697\" tg-height=\"889\" referrerpolicy=\"no-referrer\"></p><p>While tapering QE would disappoint markets, interest rates are usually rising because the economy is recovering. This is also why we see in the above stocks<a href=\"https://laohu8.com/S/GM\">General Motors</a>、<a href=\"https://laohu8.com/S/NKE\">Nike</a>And other companies. As the economy gradually emerges from the pandemic haze, these companies may once again be winners this year.</p><p>It is important to note that we have only considered a single data, so the strong performance of these stocks during the 2013 taper tantrum may be unique and unreplicable. Still, these stocks are also Wall Street favorites today.</p><p>Analyst consensus estimates show that these stocks will yield more than 15% on average over the next 12 months.</p><p><b>Markets Divided on Whether to Adjust Short-Term Interest Rates</b></p><p>Observers are also divided on whether the Fed will make technical adjustments to some short-term interest rates.</p><p>As head of U.S. short-term interest rate strategy at Bank of America, Cabana expects the Federal Reserve to slightly raise the rate on excess reserves due to increasing pressure in the short-term lending market.</p><p>The fiscal stimulus caused a lot of money to go into the Treasury general account, which is basically the Treasury checking account. Since these funds have been exiting the Treasury to pay for various schemes, access to money markets and the banking system has been found, creating a huge demand for short-term notes. This spurred a lot of unusually active activity in the overnight lending market and pushed down interest rates on Treasury bills.</p><p>Cabana said: \"In terms of the excess reserve rate and overnight reverse repurchase facility, we think the Fed will make moderate adjustments to the setting of these rates by 2 or 3 basis points. This is done to ensure (the Fed's) zero interest rate floor. flexibility and prevent money market outflows.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>If the Fed does scale back QE, which stocks should investors allocate?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIf the Fed does scale back QE, which stocks should investors allocate?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-16 11:24</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>This week is the \"Super Central Bank Week\", and many central banks such as the Federal Reserve will announce interest rate decisions. U.S. inflation reached 5% in May, hitting a 13-year high. Will the Federal Reserve announce a reduction in QE at its interest rate meeting? This has become the focus of market attention.</p><p><b>Fed may start discussing tapering bond purchases</b></p><p>At the last meeting, some Fed officials pointed out that it might be appropriate to start discussing plans to adjust the pace of bond purchases if the U.S. economy continues to make progress, minutes show.</p><p><b>At 02:00 on June 17, Beijing time, the Federal Reserve will announce its interest rate decision. The market doesn't expect the Fed to take any policy moves this time, but it may signal to the market that it is considering changing its bond-buying policy.</b>The Fed will also release new forecasts later, possibly with its first rate hike in 2023. Analysts don't expect much detail on the tapering program, but expect it to be mentioned, and the Fed is more likely to have a clearer discussion later in the summer.</p><p>According to CNBC, some analysts predict that the Federal Reserve may trigger a new \"taper tantrum.\" In this regard, CNBC studied the stocks that shined during the surge in interest rates in 2013. CNBC believes that if interest rates soar again, these stocks are expected to replicate the trend of 2013.</p><p>In 2013, the Federal Reserve said it would gradually reduce its economic stimulus measures during the Great Recession by slowing the pace of Treasury Bond purchases. The investor panic that followed led to a bond sell-off and a surge in Treasury Bond yields.</p><p>Billionaire hedge fund manager Paul Tudor Jones told CNBC on Monday that if the Federal Reserve signals this week that plans to begin slowing asset purchases as CPI rises, Jones expects another taper tantrum in the market.</p><p>Jones said that investors will sell fixed-income products and stocks will be corrected.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7973ab073d39d8f41a6836cd3a8c18c6\" tg-width=\"704\" tg-height=\"469\"><span>Paul Tudor Jones</span></p><p>CNBC takes stock of the best-performing stocks in the market during the market panic triggered by the last tapering of QE from May 2013 to the end of the year. At least 75% of analysts say they can consider buying these stocks today as they expect them to rise significantly over the next 12 months.</p><p><img src=\"https://static.tigerbbs.com/06d0e9e5ac58908b4b65795e2ad00c27\" tg-width=\"697\" tg-height=\"889\" referrerpolicy=\"no-referrer\"></p><p>While tapering QE would disappoint markets, interest rates are usually rising because the economy is recovering. This is also why we see in the above stocks<a href=\"https://laohu8.com/S/GM\">General Motors</a>、<a href=\"https://laohu8.com/S/NKE\">Nike</a>And other companies. As the economy gradually emerges from the pandemic haze, these companies may once again be winners this year.</p><p>It is important to note that we have only considered a single data, so the strong performance of these stocks during the 2013 taper tantrum may be unique and unreplicable. Still, these stocks are also Wall Street favorites today.</p><p>Analyst consensus estimates show that these stocks will yield more than 15% on average over the next 12 months.</p><p><b>Markets Divided on Whether to Adjust Short-Term Interest Rates</b></p><p>Observers are also divided on whether the Fed will make technical adjustments to some short-term interest rates.</p><p>As head of U.S. short-term interest rate strategy at Bank of America, Cabana expects the Federal Reserve to slightly raise the rate on excess reserves due to increasing pressure in the short-term lending market.</p><p>The fiscal stimulus caused a lot of money to go into the Treasury general account, which is basically the Treasury checking account. Since these funds have been exiting the Treasury to pay for various schemes, access to money markets and the banking system has been found, creating a huge demand for short-term notes. This spurred a lot of unusually active activity in the overnight lending market and pushed down interest rates on Treasury bills.</p><p>Cabana said: \"In terms of the excess reserve rate and overnight reverse repurchase facility, we think the Fed will make moderate adjustments to the setting of these rates by 2 or 3 basis points. This is done to ensure (the Fed's) zero interest rate floor. flexibility and prevent money market outflows.\"</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6b366582fef27ac8db7ca3296d50b015","relate_stocks":{"AIZ":"安信龙保险",".DJI":"道琼斯","GM":"通用汽车","ALK":"阿拉斯加航空集团有限公司","DHR":"丹纳赫",".IXIC":"NASDAQ Composite","TFX":"泰利福","CI":"信诺保险","SPY":"标普500ETF","MU":"美光科技","AMZN":"亚马逊","NKE":"耐克",".SPX":"S&P 500 Index","FANG":"Diamondback Energy","NOW":"ServiceNow"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152483519","content_text":"本周是“超级央行周”，美联储等多家央行要公布利率决议。美国5月份通胀高达5%，创出13年新高，美联储议息会议会不会宣布缩减QE？这成为市场关注焦点。\n美联储可能开始讨论缩减购债\n会议纪要显示，在上次会议上，一些美联储官员指出，如果美国经济继续取得进展，开始讨论调整债券购买步伐的计划可能是合适的。\n北京时间6月17日02:00，美联储将公布利率决议。市场预计美联储这次不会采取任何政策举措，但可能会向市场发出信号，表明正在考虑改变购债政策。 美联储随后还会发布新的预测，可能会在2023年首次加息。 分析师预计有关缩减购债计划的细节不会太多，但预计有人会提及该计划，而美联储更可能在夏季晚些时候进行更明确的讨论。\n据CNBC报道，有分析师预计，美联储有可能引发新的“缩减恐慌”。对此，CNBC研究了2013年利率飙升期间大放异彩的股票，CNBC认为，若利率再次飙升，这些股票有望复制2013年的走势。\n2013年，美联储表示，将通过放慢购买国债的步伐来逐步减少大衰退时期的经济刺激措施。随后来的投资者恐慌导致债券抛售和国债收益率飙升。\n亿万富翁对冲基金经理保罗·都铎·琼斯(Paul Tudor Jones)周一对 CNBC表示，如果美联储本周发出信号，随着CPI上涨，计划开始放缓资产购买，琼斯预计市场将再次出现缩减恐慌。\n琼斯称，投资者将会抛售固收类产品，股票也会得到修正。\nPaul Tudor Jones\nCNBC盘点了2013年5月到年底最后一次缩减QE引发市场恐慌期间，市场表现最佳的股票。至少 75%的分析师表示，可以考虑今天买入这些股票，因为他们预计这些股票未来12个月将大幅上涨。\n\n虽然缩减QE会令市场失望，但利率上升通常是因为经济正在复苏。这也是为什么我们在上述股票中看到了通用汽车、耐克等公司。随着经济逐渐走出疫情阴霾，这些公司可能再次成为今年的赢家。\n需要注意的是，我们只考虑了单一数据，因此，这些股票在2013年缩减恐慌期间的强劲表现可能是独有的，不可复制。尽管如此，这些股票也是今天华尔街的最爱。\n分析师一致预期显示，这些股票未来12个月内的平均收益率超过15%。\n是否调整短期利率，市场存在分歧\n对于美联储是否会对部分短期利率进行技术性调整，观察人士也存在分歧。\n作为美国银行美国短期利率策略主管，Cabana预计，由于短期贷款市场的压力不断增加，美联储将略微提高超额准备金的利率。\n财政刺激导致大量资金进入财政部一般账户，基本上是财政部的支票账户。由于这些资金一直在退出财政部，为各种计划买单，已经找到了进入货币市场和银行系统的途径，创造了对短期票据的巨大需求。这在隔夜借贷市场上刺激了大量异常活跃的活动，并压低了国库券的利率。\nCabana表示：“在超额准备金利率和隔夜逆回购工具方面，我们认为美联储将对这些利率的设定进行适度调整，上调2或3个基点。这样做是为了确保(美联储的)零利率下限的弹性，并防止货币市场资金流出。”","news_type":1,"symbols_score_info":{"DHR":0.9,"MU":0.9,"RE":0.9,"NKE":0.9,"SPY":0.9,"TFX":0.9,"NOW":0.9,"CI":0.9,"GM":0.9,".SPX":0.9,".IXIC":0.9,"AMZN":0.9,"FANG":0.9,"ALK":0.9,"AIZ":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":818,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":184499040,"gmtCreate":1623720654480,"gmtModify":1704209490173,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/184499040","repostId":"1159573154","repostType":4,"repost":{"id":"1159573154","kind":"news","weMediaInfo":{"introduction":"致力于提供最及时的财经资讯，最专业的解读分析，覆盖宏观经济、金融机构、A股市场、上市公司、投资理财等财经领域。","home_visible":1,"media_name":"券商中国","id":"9","head_image":"https://static.tigerbbs.com/d482d56459984e8c86a6a137295b3c4f"},"pubTimestamp":1623719404,"share":"https://ttm.financial/m/news/1159573154?lang=en_US&edition=fundamental","pubTime":"2021-06-15 09:10","market":"us","language":"zh","title":"The United States launched a new round of financial sanctions, and Russia fought back strongly: sell dollars!","url":"https://stock-news.laohu8.com/highlight/detail?id=1159573154","media":"券商中国","summary":"拜登与普京会面前夕，美国和俄罗斯已经“掐得不可开交”。\n刚刚，美国对俄罗斯的新一轮金融制裁正式生效。自6月14日起，美国企业被禁止购买首次发行的俄罗斯国债，以欧元计价发行的俄罗斯国债也被纳入了禁止买入","content":"<p>On the eve of Biden's meeting with Putin, the United States and Russia were already \"pinched as bees.\"</p><p>Just now, a new round of financial sanctions imposed by the United States on Russia officially came into effect. Since June 14th, American companies have been banned from buying Russian Treasury Bond issued for the first time, and Russian Treasury Bond issued in euros have also been included in the scope of the ban on buying, which was once called the \"most powerful\" punishment in the financial market.</p><p>Russia's counterattack is also relentless. The Russian Ministry of Finance announced that it will change the structure of the national wealth fund in the next month, reducing the share of the US dollar to zero. At the same time, Russia almost completely emptied the long-term US Treasury Bond.</p><p>The timing of this round of contest between the two sides in the financial market is very sensitive. On June 16, local time, US President Biden will meet with Russian President Vladimir Putin in Geneva, Switzerland, for the US-Russia leaders' summit. On the eve of the summit, the heads of state of both sides had already released \"malicious words\", so the market expected that this meeting would be the most intense political game.</p><p>The \"most powerful\" financial sanctions? The United States puts pressure on Russia again</p><p>According to CCTV news reports, since June 14, the financial sanctions imposed by the United States on Russia have officially come into effect. The U.S. government prohibits domestic companies from buying the initial issue of Russian Treasury Bond (denominated in rubles), and Russian Treasury Bond denominated in euros are also included in the scope of the ban on buying, but American companies are allowed to trade Russian Treasury Bond in the secondary market.</p><p>So, how much impact will this punitive measure, which is regarded as the \"most powerful\" by the financial market, have on the Russian economy?</p><p>First of all, let's look at the scale of Russia's Treasury Bond issuance. According to the latest data from the Russian Federal Audit Office, as of the first quarter of 2021, Russia's Treasury Bond have increased by 741.3 billion rubles (approximately RMB 64.4 billion) compared with the previous quarter. The total scale of Russian debt is as high as 19.7 trillion rubles (approximately RMB 1.71 trillion), accounting for 17% of Russia's GDP.</p><p>At present, foreign investors hold approximately 2,798.9 billion rubles of Russian government bonds, accounting for approximately 14% of the total size of Russian debt. However, this part of the Treasury Bond belongs to the normal trading of the stock in the secondary market and is not subject to the restrictions of the US sanctions.</p><p>In addition, looking at the issuance side of the Russian Treasury Bond, German Gref, president of the Russian Federal Savings Bank, made it clear that Russia's relevant bond issuance plan will be completed on schedule. According to the disclosure of the Russian Ministry of Finance, starting from June 16, Russia will put the first Treasury Bond on the market, and will issue three Treasury Bond worth 500 billion rubles each on the same day.</p><p>Oxford Economics, a British analysis company, believes that since the United States only prohibits the purchase of Russian Treasury Bond in the primary market, the impact of the sanctions on the Russian Treasury Bond market is limited and more symbolic. If the sanctions (imposed by the United States on Russia) affect transactions in the secondary market, the threat effect will be very violent.</p><p>In the face of the U.S. financial sanctions coming into effect, Russian Finance Minister Siluanov also strongly stated that Russia's Treasury Bond will still maintain a high demand rate, and sanctions will only cause losses to U.S. companies.</p><p>In fact, this financial sanctions policy began in mid-April this year, when the U.S. government announced a series of measures to sanction Russia, including prohibiting U.S. companies from purchasing Russia's initial Treasury Bond, but allowing them to buy and sell Russia in the secondary market. Treasury Bond, effective from June 14, 2021.</p><p>At that time, the reasons given by the United States for sanctions were that Russia interfered in the U.S. election, hacked systems and a series of \"hostile acts\". In addition to prohibiting U.S. companies from buying Treasury Bond issued by Russia, it also expelled 10 Russian diplomats, while the U.S. Treasury Department sanctioned 32 Russian entities and individuals.</p><p>Fight back! Is Russia going to sell U.S. dollars and U.S. debt in a big way?</p><p>Russia has begun to \"fight back\" against the financial restrictions of the United States. On June 3, local time, Russian Finance Minister Siluanov said at the St. Petersburg International Economic Forum that the Russian Ministry of Finance will change the structure of the National Wealth Fund within one month, in which the share of the US dollar will be reduced to zero, the share of the British pound will be reduced to 5%, the Japanese yen will remain at 5%, the euro will increase to 40%, the RMB will increase to 30%, and gold will account for 20%.</p><p>It is reported that the Russian National Wealth Fund was established to support the Russian pension system, and its funds can also be used to make up for the budget deficit during the crisis. It has now become an important part of the budget assets of the Russian Federation.</p><p>According to data disclosed by official website, the Russian Ministry of Finance, as of May 1 this year, the total assets of the fund reached US $185.87 billion, or 13.82 trillion rubles (equivalent to RMB 1.2 trillion), accounting for 12% of Russia's GDP.</p><p><img src=\"https://static.tigerbbs.com/fa032108d554b578fd9c7f09ff52c6d4\" tg-width=\"796\" tg-height=\"580\" referrerpolicy=\"no-referrer\"></p><p>As of early May, the fund's liquid assets were worth about $119 billion, of which one-third (about $41.5 billion) were in US dollars. This means that in the next month, the Russian National Wealth Fund will sell dollars sharply.</p><p>On February 24 this year, the Ministry of Finance of the Russian Federation announced that RMB and Japanese yen would be included in the National Wealth Fund, and the two currencies accounted for 15% and 5% of the foreign exchange structure of the fund respectively. At the same time, the shares of the US dollar and euro both fell to 35%, while the share of the British pound remained unchanged at 10%.</p><p>In response to a question about the adjustment of the investment structure of the National Wealth Fund, Russian Presidential Press Secretary Peskov said that de-dollarization is a long-term process visible to the naked eye. Not only Russia is de-dollarizing, but many countries in the world are also doing similar things. Because these countries are beginning to worry about the reliability of major foreign exchange reserve currencies.</p><p>Before March 2018, the US dollar had been one of the most important foreign exchange reserves of the Russian Central Bank, accounting for 43%-48%. Later, due to the increasing tightening of U.S. sanctions on Russian companies and citizens, in order to minimize the risk of sanctions, the Russian Central Bank began to continuously reduce the proportion of the U.S. dollar in foreign exchange reserves. By the end of 2020, the U.S. dollar and U.S. dollar assets in Russia's international reserves The proportion of reserves has dropped to 21.2%, and the proportions of gold and RMB have increased to 23.3% and 12.8%.</p><p>While Russia sold the US dollar, it also reduced its holdings of US Treasury Bond in a \"clearance-style\" manner. According to the latest data released by the U.S. Treasury Department, in February this year, Russia almost completely emptied its long-term U.S. Treasury Bond (only US $306 million left), reduced its holdings of U.S. debt by US $389 million that month, and finally dropped its position to US $5.8 billion. Compared with Russia's highest holdings of U.S. debt, the cumulative selling ratio reached 94%.</p><p>Biden and Putin are about to meet, how to talk about it?</p><p>Behind the secret rivalry between the United States and Russia, perhaps it is for the upcoming summit of leaders of the United States and Russia.</p><p>According to the official website of the White House, US President Biden will meet with Russian President Vladimir Putin in Geneva, Switzerland on June 16, local time.</p><p>At this time, Biden was already in Europe and had just finished attending the G7 summit. After three days of dialogue and consultation, the leaders of the Group of Seven announced that they had reached a certain consensus on fighting the epidemic, rebuilding the economy, trade reform, green transformation, etc. It will be announced in the form of a summit communique.</p><p>The G7 communique mentioned China many times, including Xinjiang, Hong Kong, Taiwan Province and other issues. Subsequently, in response to a reporter's question, the spokesman of the Chinese Embassy in the UK said that the G7 communique made remarks on Xinjiang, Hong Kong, Taiwan Province and other issues that distorted facts and reversed right and wrong, deliberately slandered China and interfered in China's internal affairs. This is a serious violation of the basic norms of international relations and further exposed the sinister intentions of the United States and a few other countries. We are strongly dissatisfied with and resolutely opposed to this.</p><p>India, which is plagued by the epidemic, is also making small calculations. The Global Times quoted foreign media reports that India may join the G7 infrastructure plan, which aims to provide a so-called \"value-driven, high-standard, and transparent\" partnership to counter China's \"One Belt One Road\" initiative.</p><p>If the G7 summit is a game of words behind closed doors, then the US-Russia leaders' summit on June 16 will most likely not make it so easy for Biden. The meeting between Biden and Putin will most likely be The most intense political game.</p><p>In fact, we can smell a strong smell of gunpowder from a series of signals released by the United States and Russia before the meeting.</p><p>On June 6, Biden published a signed article in the Washington Post. The United States does not seek conflict with Russia, but will not hesitate to respond to Russia's harmful activities in the future. When meeting with Putin, it will re-emphasize the commitment of the United States, Europe and like-minded * countries to support human rights and dignity.</p><p>According to CCTV News, on June 4, local time, Russian President Vladimir Putin spoke at the St. Petersburg International Economic Forum. Talking about the upcoming summit of Russia-US leaders, he said that Russia-US relations are at an extremely low level, and he will find ways to solve the problems in the relations between the two countries with US President Biden, and will discuss strategic stability, arms reduction, COVID-19 pandemic pandemic and other issues.</p><p>Putin pointed out that there is no difference between Russia and the United States, but the United States wants to contain Russia's development. He said that the relationship between Russia and the United States has largely become a bargaining chip for the United States to govern its internal affairs, and hoped that this situation would end at some point.</p><p>In addition to the mutual temptation of the two heads of state at the verbal level, the wrestling of military forces between the United States and Russia has also become frequent. On June 11, the National Defense Management Center of the Russian Ministry of Defense announced that the guided missile destroyer \"Labune\" of the US Navy entered the Black Sea, and the Russian Black Sea Fleet had begun to monitor it.</p><p>On the same day, the Pentagon suddenly announced that it would allocate US $150 million in security assistance to Ukraine to help Ukraine maintain its territorial integrity and improve its coordination capabilities with NATO. On the Russian side, the Russian Navy held the largest military exercise since the disintegration of the Soviet Union, showing off its muscles.</p><p>From this point of view, the secret competition between the United States and Russia at the financial and military levels may be to increase the weight of negotiations for the upcoming US-Russia leadership summit.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The United States launched a new round of financial sanctions, and Russia fought back strongly: sell dollars!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe United States launched a new round of financial sanctions, and Russia fought back strongly: sell dollars!\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/9\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d482d56459984e8c86a6a137295b3c4f);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">券商中国 </p>\n<p class=\"h-time smaller\">2021-06-15 09:10</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On the eve of Biden's meeting with Putin, the United States and Russia were already \"pinched as bees.\"</p><p>Just now, a new round of financial sanctions imposed by the United States on Russia officially came into effect. Since June 14th, American companies have been banned from buying Russian Treasury Bond issued for the first time, and Russian Treasury Bond issued in euros have also been included in the scope of the ban on buying, which was once called the \"most powerful\" punishment in the financial market.</p><p>Russia's counterattack is also relentless. The Russian Ministry of Finance announced that it will change the structure of the national wealth fund in the next month, reducing the share of the US dollar to zero. At the same time, Russia almost completely emptied the long-term US Treasury Bond.</p><p>The timing of this round of contest between the two sides in the financial market is very sensitive. On June 16, local time, US President Biden will meet with Russian President Vladimir Putin in Geneva, Switzerland, for the US-Russia leaders' summit. On the eve of the summit, the heads of state of both sides had already released \"malicious words\", so the market expected that this meeting would be the most intense political game.</p><p>The \"most powerful\" financial sanctions? The United States puts pressure on Russia again</p><p>According to CCTV news reports, since June 14, the financial sanctions imposed by the United States on Russia have officially come into effect. The U.S. government prohibits domestic companies from buying the initial issue of Russian Treasury Bond (denominated in rubles), and Russian Treasury Bond denominated in euros are also included in the scope of the ban on buying, but American companies are allowed to trade Russian Treasury Bond in the secondary market.</p><p>So, how much impact will this punitive measure, which is regarded as the \"most powerful\" by the financial market, have on the Russian economy?</p><p>First of all, let's look at the scale of Russia's Treasury Bond issuance. According to the latest data from the Russian Federal Audit Office, as of the first quarter of 2021, Russia's Treasury Bond have increased by 741.3 billion rubles (approximately RMB 64.4 billion) compared with the previous quarter. The total scale of Russian debt is as high as 19.7 trillion rubles (approximately RMB 1.71 trillion), accounting for 17% of Russia's GDP.</p><p>At present, foreign investors hold approximately 2,798.9 billion rubles of Russian government bonds, accounting for approximately 14% of the total size of Russian debt. However, this part of the Treasury Bond belongs to the normal trading of the stock in the secondary market and is not subject to the restrictions of the US sanctions.</p><p>In addition, looking at the issuance side of the Russian Treasury Bond, German Gref, president of the Russian Federal Savings Bank, made it clear that Russia's relevant bond issuance plan will be completed on schedule. According to the disclosure of the Russian Ministry of Finance, starting from June 16, Russia will put the first Treasury Bond on the market, and will issue three Treasury Bond worth 500 billion rubles each on the same day.</p><p>Oxford Economics, a British analysis company, believes that since the United States only prohibits the purchase of Russian Treasury Bond in the primary market, the impact of the sanctions on the Russian Treasury Bond market is limited and more symbolic. If the sanctions (imposed by the United States on Russia) affect transactions in the secondary market, the threat effect will be very violent.</p><p>In the face of the U.S. financial sanctions coming into effect, Russian Finance Minister Siluanov also strongly stated that Russia's Treasury Bond will still maintain a high demand rate, and sanctions will only cause losses to U.S. companies.</p><p>In fact, this financial sanctions policy began in mid-April this year, when the U.S. government announced a series of measures to sanction Russia, including prohibiting U.S. companies from purchasing Russia's initial Treasury Bond, but allowing them to buy and sell Russia in the secondary market. Treasury Bond, effective from June 14, 2021.</p><p>At that time, the reasons given by the United States for sanctions were that Russia interfered in the U.S. election, hacked systems and a series of \"hostile acts\". In addition to prohibiting U.S. companies from buying Treasury Bond issued by Russia, it also expelled 10 Russian diplomats, while the U.S. Treasury Department sanctioned 32 Russian entities and individuals.</p><p>Fight back! Is Russia going to sell U.S. dollars and U.S. debt in a big way?</p><p>Russia has begun to \"fight back\" against the financial restrictions of the United States. On June 3, local time, Russian Finance Minister Siluanov said at the St. Petersburg International Economic Forum that the Russian Ministry of Finance will change the structure of the National Wealth Fund within one month, in which the share of the US dollar will be reduced to zero, the share of the British pound will be reduced to 5%, the Japanese yen will remain at 5%, the euro will increase to 40%, the RMB will increase to 30%, and gold will account for 20%.</p><p>It is reported that the Russian National Wealth Fund was established to support the Russian pension system, and its funds can also be used to make up for the budget deficit during the crisis. It has now become an important part of the budget assets of the Russian Federation.</p><p>According to data disclosed by official website, the Russian Ministry of Finance, as of May 1 this year, the total assets of the fund reached US $185.87 billion, or 13.82 trillion rubles (equivalent to RMB 1.2 trillion), accounting for 12% of Russia's GDP.</p><p><img src=\"https://static.tigerbbs.com/fa032108d554b578fd9c7f09ff52c6d4\" tg-width=\"796\" tg-height=\"580\" referrerpolicy=\"no-referrer\"></p><p>As of early May, the fund's liquid assets were worth about $119 billion, of which one-third (about $41.5 billion) were in US dollars. This means that in the next month, the Russian National Wealth Fund will sell dollars sharply.</p><p>On February 24 this year, the Ministry of Finance of the Russian Federation announced that RMB and Japanese yen would be included in the National Wealth Fund, and the two currencies accounted for 15% and 5% of the foreign exchange structure of the fund respectively. At the same time, the shares of the US dollar and euro both fell to 35%, while the share of the British pound remained unchanged at 10%.</p><p>In response to a question about the adjustment of the investment structure of the National Wealth Fund, Russian Presidential Press Secretary Peskov said that de-dollarization is a long-term process visible to the naked eye. Not only Russia is de-dollarizing, but many countries in the world are also doing similar things. Because these countries are beginning to worry about the reliability of major foreign exchange reserve currencies.</p><p>Before March 2018, the US dollar had been one of the most important foreign exchange reserves of the Russian Central Bank, accounting for 43%-48%. Later, due to the increasing tightening of U.S. sanctions on Russian companies and citizens, in order to minimize the risk of sanctions, the Russian Central Bank began to continuously reduce the proportion of the U.S. dollar in foreign exchange reserves. By the end of 2020, the U.S. dollar and U.S. dollar assets in Russia's international reserves The proportion of reserves has dropped to 21.2%, and the proportions of gold and RMB have increased to 23.3% and 12.8%.</p><p>While Russia sold the US dollar, it also reduced its holdings of US Treasury Bond in a \"clearance-style\" manner. According to the latest data released by the U.S. Treasury Department, in February this year, Russia almost completely emptied its long-term U.S. Treasury Bond (only US $306 million left), reduced its holdings of U.S. debt by US $389 million that month, and finally dropped its position to US $5.8 billion. Compared with Russia's highest holdings of U.S. debt, the cumulative selling ratio reached 94%.</p><p>Biden and Putin are about to meet, how to talk about it?</p><p>Behind the secret rivalry between the United States and Russia, perhaps it is for the upcoming summit of leaders of the United States and Russia.</p><p>According to the official website of the White House, US President Biden will meet with Russian President Vladimir Putin in Geneva, Switzerland on June 16, local time.</p><p>At this time, Biden was already in Europe and had just finished attending the G7 summit. After three days of dialogue and consultation, the leaders of the Group of Seven announced that they had reached a certain consensus on fighting the epidemic, rebuilding the economy, trade reform, green transformation, etc. It will be announced in the form of a summit communique.</p><p>The G7 communique mentioned China many times, including Xinjiang, Hong Kong, Taiwan Province and other issues. Subsequently, in response to a reporter's question, the spokesman of the Chinese Embassy in the UK said that the G7 communique made remarks on Xinjiang, Hong Kong, Taiwan Province and other issues that distorted facts and reversed right and wrong, deliberately slandered China and interfered in China's internal affairs. This is a serious violation of the basic norms of international relations and further exposed the sinister intentions of the United States and a few other countries. We are strongly dissatisfied with and resolutely opposed to this.</p><p>India, which is plagued by the epidemic, is also making small calculations. The Global Times quoted foreign media reports that India may join the G7 infrastructure plan, which aims to provide a so-called \"value-driven, high-standard, and transparent\" partnership to counter China's \"One Belt One Road\" initiative.</p><p>If the G7 summit is a game of words behind closed doors, then the US-Russia leaders' summit on June 16 will most likely not make it so easy for Biden. The meeting between Biden and Putin will most likely be The most intense political game.</p><p>In fact, we can smell a strong smell of gunpowder from a series of signals released by the United States and Russia before the meeting.</p><p>On June 6, Biden published a signed article in the Washington Post. The United States does not seek conflict with Russia, but will not hesitate to respond to Russia's harmful activities in the future. When meeting with Putin, it will re-emphasize the commitment of the United States, Europe and like-minded * countries to support human rights and dignity.</p><p>According to CCTV News, on June 4, local time, Russian President Vladimir Putin spoke at the St. Petersburg International Economic Forum. Talking about the upcoming summit of Russia-US leaders, he said that Russia-US relations are at an extremely low level, and he will find ways to solve the problems in the relations between the two countries with US President Biden, and will discuss strategic stability, arms reduction, COVID-19 pandemic pandemic and other issues.</p><p>Putin pointed out that there is no difference between Russia and the United States, but the United States wants to contain Russia's development. He said that the relationship between Russia and the United States has largely become a bargaining chip for the United States to govern its internal affairs, and hoped that this situation would end at some point.</p><p>In addition to the mutual temptation of the two heads of state at the verbal level, the wrestling of military forces between the United States and Russia has also become frequent. On June 11, the National Defense Management Center of the Russian Ministry of Defense announced that the guided missile destroyer \"Labune\" of the US Navy entered the Black Sea, and the Russian Black Sea Fleet had begun to monitor it.</p><p>On the same day, the Pentagon suddenly announced that it would allocate US $150 million in security assistance to Ukraine to help Ukraine maintain its territorial integrity and improve its coordination capabilities with NATO. On the Russian side, the Russian Navy held the largest military exercise since the disintegration of the Soviet Union, showing off its muscles.</p><p>From this point of view, the secret competition between the United States and Russia at the financial and military levels may be to increase the weight of negotiations for the upcoming US-Russia leadership summit.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/cfe8ba21c8b5ac2b562fdf822ed7fcb2","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159573154","content_text":"拜登与普京会面前夕，美国和俄罗斯已经“掐得不可开交”。\n刚刚，美国对俄罗斯的新一轮金融制裁正式生效。自6月14日起，美国企业被禁止购买首次发行的俄罗斯国债，以欧元计价发行的俄罗斯国债也被纳入了禁止买入的范围，一度被称为金融市场“威力最大”的惩罚措施。\n俄罗斯的反击也毫不手软，俄罗斯财政部宣布，将在未来一个月内改变国家财富基金的结构，将美元的份额减少到零，同时俄罗斯几乎完全清空了美国长期国债。\n双方在金融市场的这一轮较量的时点非常敏感，当地时间6月16日，美国总统拜登将与俄罗斯总统普京在瑞士日内瓦会晤，进行美俄领导人峰会。峰会前夕，双方元首都已放出了“狠话”，因此市场预期，这场会晤将是一场最激烈的政治博弈。\n“威力最大”的金融制裁？美国又对俄罗斯施压\n据央视新闻报道，自6月14日起，美国对俄罗斯的金融制裁措施正式生效。美国政府禁止本国企业购买首次发行的俄罗斯国债（以卢布计价），以欧元计价发行的俄罗斯国债也被纳入禁止买入的范围，但允许美国企业在二级市场上交易俄罗斯国债。\n那么，这项被金融市场视为“威力最大”的惩罚措施，将会对俄罗斯经济造成多大的影响呢？\n首先来看，俄罗斯的国债发行规模，据俄罗斯联邦审计署最新数据显示，截至2021年一季度，俄罗斯国债较前一季度增加了7413亿卢布（约合人民币644亿元），俄债总规模高达19.7万亿卢布（约合人民币1.71万亿元），占俄罗斯GDP的比例达到17%。\n目前，外国投资者持有的俄罗斯联邦政府债券约为27989亿卢布，约占俄债总规模的14%，但这部分国债属于存量在二级市场正常交易，并不受美国此次制裁措施的限制。\n另外，再看俄罗斯国债的发行端，俄罗斯联邦储蓄银行行长格尔曼·格列夫明确表示，俄罗斯的相关发债计划将如期完成。据俄罗斯财政部披露，自6月16日起，俄罗斯将向市场投放首次发行的国债，并将于当日发行3款价值分别为5000亿卢布的国债。\n英国分析公司牛津经济认为，由于美国只禁止在一级市场购买俄罗斯国债，因此制裁措施对俄罗斯国债市场影响有限，更多的是象征性影响。如果（美国对俄罗斯的）制裁影响二级市场的交易，那么威胁效果将会非常猛烈。\n面对美国金融制裁措施生效，俄罗斯财政部长西卢安诺夫也强硬表示，俄罗斯国债仍将保持高需求率，制裁只会给美国公司造成损失。\n其实，这项金融制裁政策始于今年4月中旬，当时美国政府宣布了制裁俄罗斯的一系列措施，其中便包括了禁止美国公司购买俄罗斯初始国债，但是可以在二级市场上买卖俄罗斯国债，自2021年6月14日起生效。\n当时，美国给出的制裁理由是，俄罗斯干预美国大选、黑客入侵系统以及一连串的“敌意行为”，除了禁止美国企业购买俄罗斯发行的国债以外，还驱逐了10名俄罗斯外交官，美国财政部则制裁了32个俄罗斯实体和个人。\n反击！俄罗斯要大举抛售美元、美债？\n对于美国的金融限制措施，俄罗斯已经开始“反击”。当地时间6月3日，俄罗斯财政部长西卢安诺夫在圣彼得堡国际经济论坛上表示，俄罗斯财政部将在一个月内改变国家财富基金的结构，其中美元的份额将减少到零，英镑减持到5%，日元保持5%的比例，欧元将增长到40%，人民币增长到30%，黄金则将占比20%。\n据悉，俄罗斯国家财富基金的成立是为了支持俄罗斯养老金体系，其资金也可以用于弥补危机时期的预算赤字，现已经成为了俄罗斯联邦预算资产的重要组成部分。\n据俄罗斯财政部官网披露的数据显示，截至今年5月1日，该基金的资产总额高达1858.7亿美元，即13.82万亿卢布（折合人民币1.2万亿元），占俄罗斯GDP的12%。\n\n截至5月初，该基金的流动性资产大约价值1190亿美元，其中有三分之一（约415亿美元）为美元资产。意味着，未来1个月内，俄罗斯国家财富基金将大幅抛售美元。\n今年2月24日，俄罗斯联邦财政部曾宣布，将人民币和日元纳入国家财富基金，2种货币在该基金外汇结构中占比分别为15%和5%。与此同时，美元和欧元占比均降至35%，而英镑占比仍保持10%不变。\n俄罗斯总统新闻秘书佩斯科夫在回答关于国家财富基金调整投资结构的问题时表示，去美元化是一个长期的肉眼可见的过程，不仅俄罗斯在去美元化，世界上许多国家也在做类似的事情，因为这些国家开始对主要外汇储备货币的可靠性感到担忧。\n在2018年3月之前，美元一直是俄罗斯央行最重要的外汇储备之一，占比一度高达43%-48%。之后，由于美国对俄罗斯企业和公民的制裁日益收紧，为最大程度地降低制裁风险，俄罗斯央行开始不断减少美元在外汇储备中的占比，截止到2020年年底，美元以及美元资产在俄罗斯国际储备中的占比已降至21.2%，黄金和人民币占比提升至23.3%、12.8%。\n俄罗斯抛售美元的同时，更是“清仓式”减持美国国债。据美国财政部最新公布的数据显示，今年2月，俄罗斯就几乎完全清空了美国长期国债（只剩3.06亿美元），当月减持美债3.89亿美元，最终持仓规模降到58亿美元，相比俄罗斯最高持有的美债，累计抛售比例达到94%。\n拜登与普京即将会面，怎么谈？\n美国和俄罗斯双方暗暗较劲的背后，或许是为了即将召开的美俄领导人峰会。\n据美国白宫官网披露，美国总统拜登将于当地时间6月16日与俄罗斯总统普京在瑞士日内瓦会晤。\n此时，拜登已经身在欧洲，刚刚参见完了G7峰会，经过3天的对话和磋商，七国集团领导人宣布，在抗击疫情、重建经济、贸易改革、绿色转型等方面达成一定共识，并以峰会公报形式予以公布。\nG7公报中多次提及中国，更是涉及了新疆、香港、台湾等问题。随后，中国驻英国使馆发言人在答记者问时表示，G7公报在新疆、香港、台湾等问题上发表了歪曲事实、颠倒是非的言论，对中方进行蓄意诬蔑，对中国内政横加干涉，这是对国际关系基本准则的严重违反，进一步暴露出美国等少数国家的险恶用心，我们对此强烈不满和坚决反对。\n被疫情困扰的印度也在打着小算盘，环球时报援引外媒报道，印度可能加入G7基建计划，该计划旨在提供所谓的“价值驱动、高标准、透明”的伙伴关系，对抗中国的“一带一路”倡议。\n如果说，G7峰会是一场关起门来的舌战博弈，那么6月16日的美俄领导人峰会，大概率不会让拜登那么轻松，拜登与普京的会面，大概率将会是一场最激烈的政治博弈。\n其实，从会前美俄双方释放的一系列信号便可以嗅到浓浓的火药味。\n6月6日，拜登在《华盛顿邮报》发表的署名文章，美国不寻求与俄罗斯冲突，但会毫不犹豫地对俄罗斯未来的有害活动做出反应，在与普京见面时，将再次强调美国、欧洲和志同道合的民主国家支持人权和尊严的承诺。\n据央视新闻，当地时间6月4日，俄罗斯总统普京在圣彼得堡国际经济论坛发言。谈及即将到来的俄美领导人峰会，他表示，俄美关系正处于极低水平，将与美国总统拜登寻找解决两国关系问题的方法，将讨论战略稳定、裁减军备、新冠疫情大流行等问题。\n普京指出，俄罗斯与美国没有分歧，只不过美国想要遏制俄罗斯的发展。他表示，俄美两国的关系很大程度上成为了美国治理内政的筹码，并希望这种情况能在某个时候结束。\n除了2位元首在言语层面的相互试探以外，美俄两国的军事力量的角力也变得频繁起来。6月11日，俄罗斯国防部国家防御管理中心发布消息称，美国海军“拉布恩”号导弹驱逐舰进入黑海海域，俄黑海舰队已开始对其进行监视。\n就在同一天，美国五角大楼突然宣布，向乌克兰拨款1.5亿美元的安全援助，以协助乌方维护其领土完整并完善与北约的协同能力。而俄罗斯方面，俄海军举行了苏联解体后最大规模的军演，秀了一把肌肉。\n如此看来，美俄双方在金融、军事层面的暗暗较劲，或许是为了即将召开的美俄领导峰会增加谈判的砝码。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":433,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":117739003,"gmtCreate":1623160173002,"gmtModify":1704197352959,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/117739003","repostId":"1192430869","repostType":4,"repost":{"id":"1192430869","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623160013,"share":"https://ttm.financial/m/news/1192430869?lang=en_US&edition=fundamental","pubTime":"2021-06-08 21:46","market":"us","language":"zh","title":"[Change] NextDecade rose 58%, triggering a circuit breaker during the session","url":"https://stock-news.laohu8.com/highlight/detail?id=1192430869","media":"老虎资讯综合","summary":"6月8日，能源企业NextDecade盘初大涨58%，盘中触发熔断，现报5.52美元，此前该股获Evercore ISI上调目标价及评级。","content":"<p>On June 8, the energy company NextDecade rose 58% at the beginning of the session, triggering a circuit breaker during the session, and is now trading at $5.52. Previously, the stock was upgraded by Evercore ISI with its target price and rating.</p><p><img src=\"https://static.tigerbbs.com/d11a98855336b99775bb8c58a70fe598\" tg-width=\"840\" tg-height=\"470\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>[Change] NextDecade rose 58%, triggering a circuit breaker during the session</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n[Change] NextDecade rose 58%, triggering a circuit breaker during the session\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-08 21:46</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On June 8, the energy company NextDecade rose 58% at the beginning of the session, triggering a circuit breaker during the session, and is now trading at $5.52. Previously, the stock was upgraded by Evercore ISI with its target price and rating.</p><p><img src=\"https://static.tigerbbs.com/d11a98855336b99775bb8c58a70fe598\" tg-width=\"840\" tg-height=\"470\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/bd3ac286c2233d10a592ba6c388667fb","relate_stocks":{"NEXT":"NextDecade Corporation"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1192430869","content_text":"6月8日，能源企业NextDecade盘初大涨58%，盘中触发熔断，现报5.52美元，此前该股获Evercore ISI上调目标价及评级。","news_type":1,"symbols_score_info":{"NEXT":0.9}},"isVote":1,"tweetType":1,"viewCount":763,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113902768,"gmtCreate":1622589360554,"gmtModify":1704186714902,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/113902768","repostId":"2140995964","repostType":4,"repost":{"id":"2140995964","kind":"news","pubTimestamp":1622583101,"share":"https://ttm.financial/m/news/2140995964?lang=en_US&edition=fundamental","pubTime":"2021-06-02 05:31","market":"fut","language":"zh","title":"Foreign media headlines: Chip shortage intensifies! The revenue of the top 10 manufacturers hit a new high in the first quarter","url":"https://stock-news.laohu8.com/highlight/detail?id=2140995964","media":"新浪财经","summary":"1、美联储理事Brainard称经济离目标仍很远 货币政策存在双面风险2、美国联邦基金利率自4月末以来首次下降 激发有关调整管理利率的讨论3、OPEC+维持7月份增产计划不变 沙特称需求明显改善4、全球半导体短缺加剧 一季度10大芯片厂商营收创历史新高5、世卫组织、世界银行和世贸组织支持IMF呼吁投入500亿美元抗疫6、随着旅行旺季的开始 美国内航空旅客人数重回疫情前水平","content":"<p><b>The headlines that the global financial media paid attention to last night and this morning mainly include:</b></p><p><b>1. Federal Reserve Governor Brainard said the economy is still far from its target and there are two-sided risks to monetary policy</b><b>2. U.S. Federal Funds rate fell for the first time since late April, sparking discussions about adjusting managed interest rates</b><b>3. OPEC + maintains July production increase plan unchanged, Saudi Arabia says demand has improved significantly</b><b>4. The global semiconductor shortage intensifies, and the revenue of the top 10 chip manufacturers hit a record high in the first quarter</b><b>5. WHO, World Bank and WTO support IMF's call for US $50 billion to fight the epidemic</b><b>6. As the peak travel season begins, the number of domestic air passengers in the United States returns to pre-epidemic levels</b><img src=\"http://k.sinaimg.cn/n/finance/transform/28/w530h298/20210602/9a62-kquziik3153091.jpg/w720fin.jpg\" tg-width=\"530\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p><b>Fed Governor Brainard says economy is still far from target, there are two-sided risks to monetary policy</b></p><p>Federal Reserve Governor Lael Brainard said current monetary policy is risky on both fronts as the U.S. economy booms after a COVID-19 pandemic but at the same time millions of people remain unemployed.</p><p>\"I am concerned about the risks on both fronts,\" she said in a speech to the Economic Club of New York on Tuesday. \"I will carefully monitor inflation and inflation expectations indicators for any signs that long-term inflation expectations are evolving in an unwelcome way.\"</p><p>Inflation data is higher than Fed officials expected and has sparked discussions among policymakers about when they should scale back their $120 billion a month asset purchase program. Fed Vice Chairmen Randal Quarles and Richard Clarida both said last week that policymakers could start such discussions at \"the next few meetings.\" A price measure closely watched by the Federal Reserve rose 3.6% year-on-year in April, the biggest increase since 2008.</p><p>\"While the level of inflation in my near-term outlook has increased, my expectation that inflation will fall back to its underlying trend after the economic reopening phase remains largely unchanged,\" Brainard said.</p><p><img src=\"http://k.sinaimg.cn/n/finance/transform/79/w550h329/20210521/2cab-kqhwhrk6369186.png/w720fin.jpg\" tg-width=\"550\" tg-height=\"329\" referrerpolicy=\"no-referrer\"></p><p><b>U.S. Federal Funds rate fall for first time since late April, fueling talk of adjusting managed rates</b></p><p>U.S. Federal Funds rate fell for the first time since April 30, increasing the possibility that the Federal Reserve will consider adjusting interest rate control tools.</p><p>The shift has also fueled the broader policy debate, with a flood of liquidity putting downward pressure on short-term interest rates, combined with concerns about long-term inflation, heating up discussions about how quickly the Fed may withdraw stimulus measures.</p><p>The Federal Reserve said on Tuesday that Federal Funds rate fell 1 basis point to 0.05% on May 28, the lowest level since late April.</p><p>Although officials did not adjust the managed rate at last month's policy meeting, the continued decline in Federal Funds rate makes it more likely that the Federal Reserve will adjust the excess deposit reserve rate and the reverse repurchase rate.</p><p><img src=\"http://k.sinaimg.cn/n/finance/transform/98/w550h348/20210602/c092-kquziik3105716.jpg/w720fin.jpg\" tg-width=\"550\" tg-height=\"348\" referrerpolicy=\"no-referrer\"></p><p><b>OPEC + maintains July production increase plan unchanged, Saudi Arabia says demand has improved significantly</b></p><p>OPEC + maintained its July production increase plan unchanged, and Saudi Arabia's Energy Minister expressed optimistic views on global recovery.</p><p>According to representatives attending the meeting, following the increase in production in May and June, OPEC + will push forward its plan to increase production by 841,000 barrels per day in July. As market supply tightens and a supply-demand gap may appear later this year, OPEC + will face tougher choices.</p><p>Saudi Energy Minister Abdulaziz bin Salman said at the beginning of the meeting that \"the demand side shows clear signs of improvement\". Russian Energy Minister Novak talked about a \"gradual economic recovery\".</p><p>OPEC has spent more than a year bringing oil prices off record lows and is only cautiously increasing supply. And now things are changing. Oil prices above $71 are exacerbating inflation concerns. If OPEC does not increase production, market supply may become too tight, thereby undermining the global recovery.</p><p><img src=\"http://k.sinaimg.cn/n/tech/transform/208/w630h378/20210601/8480-kquziik2905457.jpg/w720fin.jpg\" tg-width=\"630\" tg-height=\"378\" referrerpolicy=\"no-referrer\"></p><p><b>Global semiconductor shortage intensifies, revenue of top 10 chip manufacturers hit record highs in the first quarter</b></p><p>According to reports, research company TrendForce released a report today saying that as the global semiconductor shortage intensifies, the revenue of the world's top 10 chip manufacturers also hit a record high in the first quarter of this year.</p><p>The report shows that in the first quarter of 2021, the combined revenue of the world's top 10 chip manufacturing companies reached US $22.75 billion, a record high. The move comes at a time when global chips are in short supply, which is expected to continue into 2023.</p><p>TrendForce analysts said: \"Manufacturers have been ramping up component purchases due to soaring demand for various end devices. As a result, foundry capacity has been in short supply since 2020. At the same time, foundries have also increased wafer prices and adjusted product mix to ensure profitability.\"</p><p>The TrendForce report shows that in the first quarter of this year, about 57% of the world's chip foundry revenue came from one manufacturer, namely<a href=\"https://laohu8.com/S/TSM\">TSMC</a>。 In the first quarter,<a href=\"https://laohu8.com/S/TSM\">TSMC</a>Revenue reached $12.9 billion, a year-on-year increase of 2%.</p><p><img src=\"http://k.sinaimg.cn/n/finance/transform/90/w550h340/20210602/030f-kquziik3106724.png/w720fin.jpg\" tg-width=\"550\" tg-height=\"340\" referrerpolicy=\"no-referrer\"></p><p><b>WHO, World Bank and WTO support IMF's call for $50 billion to fight the epidemic</b></p><p>The World Health Organization, the World Bank and the World Trade Organization have backed the International Monetary Fund's call for $50 billion to fight Covid-19 by manufacturing and providing vaccines and medicines.</p><p>\"Governments must act immediately or risk facing continued waves of infections and explosive Covid-19 outbreaks and potentially more contagious and deadly virus mutation that undermines the global recovery,\" the four groups said in a joint statement on Tuesday.</p><p>The International Monetary Fund last month called for a $50 billion spending plan aiming to vaccinate at least 40% of the global population by the end of this year (up from the 30% target set by the WHO's \"COVAX\") and 60% or more by the first half of 2022. On Tuesday, the four organizations called for immediate donation of vaccines to developing countries.</p><p>The package will call for additional funding for low-and middle-income countries, most of which comes from donations and loans at below-market rates, the organizations said. The plan also calls for investment to increase vaccine production capacity by at least 1 billion doses and increase production in regions and countries that currently produce little.</p><p><img src=\"http://k.sinaimg.cn/n/client/transform/61/w550h311/20210602/67ca-kquziik3006506.png/w720fin.jpg\" tg-width=\"550\" tg-height=\"311\" referrerpolicy=\"no-referrer\"></p><p><b>Domestic air passenger numbers return to pre-pandemic levels as travel season begins</b></p><p>Domestic U.S. air traveler numbers reached levels since before COVID-19 pandemic began during the Memorial Day weekend as the peak travel season began, the latest sign of a recovery in the industry.</p><p>According to data from the U.S. Transportation Security Administration (TSA), from last Friday to this Monday, an average of 1.78 million people passed the security check, of which the number of security checks reached a peak of 1.96 million last Friday. Those footfall were more than six times the same time a year earlier, but still 22% lower than the 2019 Memorial Day weekend.</p><p>The surge in travelers has driven up the cost of the holiday, which includes prices for airfare, hotels and car rentals. Airline executives say domestic leisure travel fares are close to 2019 levels.</p>","source":"sina_symbol","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Foreign media headlines: Chip shortage intensifies! The revenue of the top 10 manufacturers hit a new high in the first quarter</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nForeign media headlines: Chip shortage intensifies! The revenue of the top 10 manufacturers hit a new high in the first quarter\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪财经</strong><span class=\"h-time small\">2021-06-02 05:31</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>The headlines that the global financial media paid attention to last night and this morning mainly include:</b></p><p><b>1. Federal Reserve Governor Brainard said the economy is still far from its target and there are two-sided risks to monetary policy</b><b>2. U.S. Federal Funds rate fell for the first time since late April, sparking discussions about adjusting managed interest rates</b><b>3. OPEC + maintains July production increase plan unchanged, Saudi Arabia says demand has improved significantly</b><b>4. The global semiconductor shortage intensifies, and the revenue of the top 10 chip manufacturers hit a record high in the first quarter</b><b>5. WHO, World Bank and WTO support IMF's call for US $50 billion to fight the epidemic</b><b>6. As the peak travel season begins, the number of domestic air passengers in the United States returns to pre-epidemic levels</b><img src=\"http://k.sinaimg.cn/n/finance/transform/28/w530h298/20210602/9a62-kquziik3153091.jpg/w720fin.jpg\" tg-width=\"530\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p><b>Fed Governor Brainard says economy is still far from target, there are two-sided risks to monetary policy</b></p><p>Federal Reserve Governor Lael Brainard said current monetary policy is risky on both fronts as the U.S. economy booms after a COVID-19 pandemic but at the same time millions of people remain unemployed.</p><p>\"I am concerned about the risks on both fronts,\" she said in a speech to the Economic Club of New York on Tuesday. \"I will carefully monitor inflation and inflation expectations indicators for any signs that long-term inflation expectations are evolving in an unwelcome way.\"</p><p>Inflation data is higher than Fed officials expected and has sparked discussions among policymakers about when they should scale back their $120 billion a month asset purchase program. Fed Vice Chairmen Randal Quarles and Richard Clarida both said last week that policymakers could start such discussions at \"the next few meetings.\" A price measure closely watched by the Federal Reserve rose 3.6% year-on-year in April, the biggest increase since 2008.</p><p>\"While the level of inflation in my near-term outlook has increased, my expectation that inflation will fall back to its underlying trend after the economic reopening phase remains largely unchanged,\" Brainard said.</p><p><img src=\"http://k.sinaimg.cn/n/finance/transform/79/w550h329/20210521/2cab-kqhwhrk6369186.png/w720fin.jpg\" tg-width=\"550\" tg-height=\"329\" referrerpolicy=\"no-referrer\"></p><p><b>U.S. Federal Funds rate fall for first time since late April, fueling talk of adjusting managed rates</b></p><p>U.S. Federal Funds rate fell for the first time since April 30, increasing the possibility that the Federal Reserve will consider adjusting interest rate control tools.</p><p>The shift has also fueled the broader policy debate, with a flood of liquidity putting downward pressure on short-term interest rates, combined with concerns about long-term inflation, heating up discussions about how quickly the Fed may withdraw stimulus measures.</p><p>The Federal Reserve said on Tuesday that Federal Funds rate fell 1 basis point to 0.05% on May 28, the lowest level since late April.</p><p>Although officials did not adjust the managed rate at last month's policy meeting, the continued decline in Federal Funds rate makes it more likely that the Federal Reserve will adjust the excess deposit reserve rate and the reverse repurchase rate.</p><p><img src=\"http://k.sinaimg.cn/n/finance/transform/98/w550h348/20210602/c092-kquziik3105716.jpg/w720fin.jpg\" tg-width=\"550\" tg-height=\"348\" referrerpolicy=\"no-referrer\"></p><p><b>OPEC + maintains July production increase plan unchanged, Saudi Arabia says demand has improved significantly</b></p><p>OPEC + maintained its July production increase plan unchanged, and Saudi Arabia's Energy Minister expressed optimistic views on global recovery.</p><p>According to representatives attending the meeting, following the increase in production in May and June, OPEC + will push forward its plan to increase production by 841,000 barrels per day in July. As market supply tightens and a supply-demand gap may appear later this year, OPEC + will face tougher choices.</p><p>Saudi Energy Minister Abdulaziz bin Salman said at the beginning of the meeting that \"the demand side shows clear signs of improvement\". Russian Energy Minister Novak talked about a \"gradual economic recovery\".</p><p>OPEC has spent more than a year bringing oil prices off record lows and is only cautiously increasing supply. And now things are changing. Oil prices above $71 are exacerbating inflation concerns. If OPEC does not increase production, market supply may become too tight, thereby undermining the global recovery.</p><p><img src=\"http://k.sinaimg.cn/n/tech/transform/208/w630h378/20210601/8480-kquziik2905457.jpg/w720fin.jpg\" tg-width=\"630\" tg-height=\"378\" referrerpolicy=\"no-referrer\"></p><p><b>Global semiconductor shortage intensifies, revenue of top 10 chip manufacturers hit record highs in the first quarter</b></p><p>According to reports, research company TrendForce released a report today saying that as the global semiconductor shortage intensifies, the revenue of the world's top 10 chip manufacturers also hit a record high in the first quarter of this year.</p><p>The report shows that in the first quarter of 2021, the combined revenue of the world's top 10 chip manufacturing companies reached US $22.75 billion, a record high. The move comes at a time when global chips are in short supply, which is expected to continue into 2023.</p><p>TrendForce analysts said: \"Manufacturers have been ramping up component purchases due to soaring demand for various end devices. As a result, foundry capacity has been in short supply since 2020. At the same time, foundries have also increased wafer prices and adjusted product mix to ensure profitability.\"</p><p>The TrendForce report shows that in the first quarter of this year, about 57% of the world's chip foundry revenue came from one manufacturer, namely<a href=\"https://laohu8.com/S/TSM\">TSMC</a>。 In the first quarter,<a href=\"https://laohu8.com/S/TSM\">TSMC</a>Revenue reached $12.9 billion, a year-on-year increase of 2%.</p><p><img src=\"http://k.sinaimg.cn/n/finance/transform/90/w550h340/20210602/030f-kquziik3106724.png/w720fin.jpg\" tg-width=\"550\" tg-height=\"340\" referrerpolicy=\"no-referrer\"></p><p><b>WHO, World Bank and WTO support IMF's call for $50 billion to fight the epidemic</b></p><p>The World Health Organization, the World Bank and the World Trade Organization have backed the International Monetary Fund's call for $50 billion to fight Covid-19 by manufacturing and providing vaccines and medicines.</p><p>\"Governments must act immediately or risk facing continued waves of infections and explosive Covid-19 outbreaks and potentially more contagious and deadly virus mutation that undermines the global recovery,\" the four groups said in a joint statement on Tuesday.</p><p>The International Monetary Fund last month called for a $50 billion spending plan aiming to vaccinate at least 40% of the global population by the end of this year (up from the 30% target set by the WHO's \"COVAX\") and 60% or more by the first half of 2022. On Tuesday, the four organizations called for immediate donation of vaccines to developing countries.</p><p>The package will call for additional funding for low-and middle-income countries, most of which comes from donations and loans at below-market rates, the organizations said. The plan also calls for investment to increase vaccine production capacity by at least 1 billion doses and increase production in regions and countries that currently produce little.</p><p><img src=\"http://k.sinaimg.cn/n/client/transform/61/w550h311/20210602/67ca-kquziik3006506.png/w720fin.jpg\" tg-width=\"550\" tg-height=\"311\" referrerpolicy=\"no-referrer\"></p><p><b>Domestic air passenger numbers return to pre-pandemic levels as travel season begins</b></p><p>Domestic U.S. air traveler numbers reached levels since before COVID-19 pandemic began during the Memorial Day weekend as the peak travel season began, the latest sign of a recovery in the industry.</p><p>According to data from the U.S. Transportation Security Administration (TSA), from last Friday to this Monday, an average of 1.78 million people passed the security check, of which the number of security checks reached a peak of 1.96 million last Friday. Those footfall were more than six times the same time a year earlier, but still 22% lower than the 2019 Memorial Day weekend.</p><p>The surge in travelers has driven up the cost of the holiday, which includes prices for airfare, hotels and car rentals. Airline executives say domestic leisure travel fares are close to 2019 levels.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2021-06-02/doc-ikmyaawc8867718.shtml\">新浪财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/082208e3c37780dd55878056410ffa43","relate_stocks":{"159813":"芯片","161125":"标普500","513500":"标普500ETF",".DJI":"道琼斯","SDOW":"三倍做空道指30ETF-ProShares","IVV":"标普500ETF-iShares","SPY":"标普500ETF","TQQQ":"纳指三倍做多ETF","OEX":"标普100","SDS":"两倍做空标普500 ETF-ProShares","OEF":"标普100指数ETF-iShares","DJX":"1/100道琼斯",".SPX":"S&P 500 Index","QID":"两倍做空纳斯达克指数ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares","DDM":"2倍做多道指ETF-ProShares","PSQ":"做空纳斯达克100指数ETF-ProShares","SQQQ":"纳指三倍做空ETF","DOG":"道指ETF-ProShares做空","QQQ":"纳指100ETF","UDOW":"三倍做多道指30ETF-ProShares",".IXIC":"NASDAQ Composite","UPRO":"三倍做多标普500ETF-ProShares","SH":"做空标普500-Proshares","SPXU":"三倍做空标普500ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares"},"source_url":"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2021-06-02/doc-ikmyaawc8867718.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2140995964","content_text":"全球财经媒体昨夜今晨共同关注的头条新闻主要有：1、美联储理事Brainard称经济离目标仍很远 货币政策存在双面风险2、美国联邦基金利率自4月末以来首次下降 激发有关调整管理利率的讨论3、OPEC+维持7月份增产计划不变 沙特称需求明显改善4、全球半导体短缺加剧 一季度10大芯片厂商营收创历史新高5、世卫组织、世界银行和世贸组织支持IMF呼吁投入500亿美元抗疫6、随着旅行旺季的开始 美国内航空旅客人数重回疫情前水平美联储理事Brainard称经济离目标仍很远 货币政策存在双面风险美联储理事Lael Brainard表示，随着美国经济在新冠疫情后蓬勃发展，但同时数百万人仍处于失业状态，因此目前的货币政策在两方面都存在风险。“我对于两方面的风险都很关注，”她周二在给纽约经济俱乐部的演讲讲稿中表示，“我将仔细监测通胀和通胀预期指标，以发现长期通胀预期以不受欢迎方式演变的任何迹象。”通胀数据正高于美联储官员的预期，并引发决策者之间关于何时应该缩减每月1200亿美元资产购买计划的讨论。美联储副主席Randal Quarles和Richard Clarida上周都表示，决策者可以在“接下来的几次会议”上开始这种讨论。一项美联储密切关注的物价指标在4月份同比上涨3.6%，为2008年以来最大涨幅。Brainard表示，“虽然我近期展望中的通胀水平有所上升，但我对通胀在经济重开阶段之后会向其基本趋势回落的预期仍大体保持不变。”美国联邦基金利率自4月末以来首次下降 激发有关调整管理利率的讨论美国联邦基金利率自4月30日以来首次下降，增加了美联储考虑调整利率调控工具的可能性。这种转变也加剧了更广泛的政策辩论，流动性泛滥导致短期利率面临下行压力，再加上对长期通胀的担忧，对美联储可能多快撤销刺激措施的讨论出现升温。美联储周二表示，联邦基金利率5月28日下降1个基点至0.05%，创下4月末以来最低水平。虽然官员们在上个月的政策会议上没有调整管理利率，但联邦基金利率持续走低令美联储调整超额存款准备金利率以及逆回购利率的可能性升高。OPEC+维持7月份增产计划不变 沙特称需求明显改善OPEC+维持7月增产计划不变，沙特阿拉伯能源大臣对全球复苏发表了乐观看法。据与会代表透露，继5月和6月增产之后，OPEC+将推进7月份日增产84.1万桶的计划。随着市场供应收紧，今年晚些时候可能出现供需缺口，OPEC+将面临更艰难的抉择。沙特能源大臣阿卜杜勒阿齐兹·本·萨勒曼在会议开始时表示，“需求面显示出明显的改善迹象”。俄罗斯能源部长诺瓦克谈到“经济逐步复苏”。OPEC+花了一年多时间令油价脱离了历史低点，并且只是谨慎地增加供应。而现在情况正在发生变化，高于71美元的油价正在加剧通胀担忧，如果OPEC不增产，市场供应可能会变得过于紧张，从而破坏全球复苏。全球半导体短缺加剧 一季度10大芯片厂商营收创历史新高据报道，调研公司TrendForce今日发布报告称，伴随着全球半导体短缺的加剧，今年第一季度全球10大芯片厂商的营收也创下历史新高。报告显示，2021年第一季度，全球10大芯片制造公司的合计营收达到了227.5亿美元，创历史最高纪录。此举正值全球芯片陷入供不应求的局面，预计这种短缺局面将持续到2023年。TrendForce分析师称：“由于对各种终端设备的需求飙升，制造商一直在加大零部件采购。因此，自2020年以来，代工产能一直处于短缺状态。与此同时，代工厂商也提高了晶圆价格，并调整了产品组合，以确保盈利。”TrendForce报告显示，今年第一季度，全球约57%的芯片代工收入来自一家厂商，即台积电。第一季度，台积电营收达到129亿美元，同比增长2%。世卫组织、世界银行和世贸组织支持IMF呼吁投入500亿美元抗疫世界卫生组织、世界银行和世界贸易组织支持国际货币基金组织的呼吁，号召投入500亿美元，通过制造和提供疫苗和药物来抗击Covid-19。四大组织在周二的联合声明中表示：“政府必须立即采取行动，否则可能面临持续的感染浪潮和爆炸式的Covid-19爆发，并可能出现更具传染性、更致命的病毒变异，破坏全球复苏。”国际货币基金组织上个月呼吁实施一项500亿美元的支出计划，目标在今年年底之前为全球至少40%人口接种疫苗（高于世卫组织“新冠肺炎疫苗实施计划”设定的30%目标），到2022年上半年为60%或以上人口接种。上述四大组织周二呼吁立即向发展中国家捐赠疫苗。这些组织表示，该计划将要求为低收入和中等收入国家提供额外资金，其中大部分资金来自捐赠和低于市场利率的贷款。该计划还呼吁投资提高疫苗产能，提高幅度至少10亿剂，并在目前产量很少的地区和国家增加产量。随着旅行旺季的开始 美国内航空旅客人数重回疫情前水平随着旅行旺季的开始，美国国内航空旅客人数在阵亡将士纪念日周末期间达到了新冠疫情开始之前以来的水平，这是该行业复苏的最新迹象。美国运输安全管理局（TSA）数据显示，从上周五到本周一，平均有178万人通过安检，其中安检人数在上周五达到了196万人的峰值。这些客流量是上年同期的六倍多，但仍比2019年阵亡将士纪念日周末低22%。旅客的激增推高了假期的成本，其中包括机票、酒店和汽车租赁的价格。航空公司高管表示，国内休闲旅行票价接近2019年的水平。","news_type":1,"symbols_score_info":{"159813":0.9,"161125":0.9,"513500":0.9,"SDS":0.9,"ESmain":0.9,"OEF":0.9,"DDM":0.9,"SPXU":0.9,"UDOW":0.9,"PSQ":0.9,"DJX":0.9,"DXD":0.9,"QLD":0.9,"MNQmain":0.9,"SQQQ":0.9,"TQQQ":0.9,"DOG":0.9,"QID":0.9,"IVV":0.9,"SPY":0.9,"SSO":0.9,".DJI":0.9,".SPX":0.9,".IXIC":0.9,"SDOW":0.9,"UPRO":0.9,"NQmain":0.9,"QQQ":0.9,"SH":0.9,"OEX":0.9}},"isVote":1,"tweetType":1,"viewCount":666,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":138486827,"gmtCreate":1621954093469,"gmtModify":1704365124895,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/138486827","repostId":"2138516898","repostType":4,"repost":{"id":"2138516898","kind":"highlight","pubTimestamp":1621924561,"share":"https://ttm.financial/m/news/2138516898?lang=en_US&edition=fundamental","pubTime":"2021-05-25 14:36","market":"us","language":"zh","title":"Depth! Analysis of idling funds after the big water release in the United States","url":"https://stock-news.laohu8.com/highlight/detail?id=2138516898","media":"格隆汇","summary":"投资要点自去年3月新冠疫情在美国爆发以来，美国推出了大量财政政策和货币政策，不断向市场注入流动性。在美国大放水的背景下，大量资金流入市场，市场流动性变得非常宽松。然而，由于资金在传导过程存在一定的时滞","content":"<p><b>Investment Key Points</b></p><p><b>Since the outbreak of COVID-19 pandemic in the United States in March last year, the United States has introduced a large number of fiscal and monetary policies, constantly injecting liquidity into the market. Against the background of the large-scale release of water in the United States, a large amount of funds have flowed into the market, and market liquidity has become very loose. However, due to the certain time lag and obstacles in the transmission process of funds, an excessively wide liquidity environment may not be able to effectively serve the real economy, which is likely to lead to \"idling of funds\". Is there a phenomenon of idling funds in the United States at present? What impact will it bring? This article will analyze this problem.</b></p><p><b>Since last year, the United States has injected a lot of liquidity into the market.</b>Since last year, the U.S. government has issued multiple rescue plans and anti-epidemic relief policies, and invested a large amount of money in the market. Among them, there were three fiscal stimulus involving legislation and large amounts, with a total of 4.8 trillion US dollars distributed. In addition to fiscal policy, the United States also actively uses monetary policy to inject liquidity into the market. Two sudden interest rate cuts brought the benchmark interest rate to near zero and opened unlimited QE.<b>Under the fierce monetary policy, U.S. bond yields have declined rapidly, and the Federal Reserve's balance sheet has expanded rapidly, which is likely to lead to the problem of idling funds.</b></p><p><b>Idling funds refers to the circulation of monetary funds between financial institutions without entering the real economy to serve relevant enterprises. The specific measurement methods are as follows:</b>(1) Compare M2 growth rate with GDP growth rate; (2) Compare the growth rate of M2 and the growth rate of credit; (3) Observe the size of corporate time deposits and non-bank deposits; (4) Study the correlation between M2 increment and direct financing amount.</p><p><b>There is a problem of idling funds after the large-scale release of water in the United States:</b>(1) The trend of U.S. GDP growth rate and M2 growth rate has changed dramatically in 2020: M2 growth rate reached 25.78%, while GDP growth rate was only-2.30%. The surge in the amount of money has brought excess liquidity to the financial system, and the macro leverage ratio has increased. (2) When the growth rate of M2 is as high as 25.78% in 2020, the growth rate of corporate credit is only 9.38%, and a large amount of money has not yet been converted into actual credit demand. (3) The growth rate of time and savings deposits in the non-financial corporate sector has increased, reaching US $1.50 trillion in 2020, a year-on-year increase of 14.63%. The growth rate exceeded the level during the 2008 financial crisis. (4) The absolute scale growth of direct financing is obviously smaller than that of M2; The quarterly year-on-year growth rate of direct financing is also far lower than the M2 increment, and this phenomenon has intensified in 2021.</p><p><b>Subsequent effects of idling funds in the United States:</b>The proactive fiscal policy is expected to accompany the economic recovery of the United States, and it is expected that the release of water will continue in a short period of time. Taking into account factors such as employment, the Fed's tolerance for inflation and idling funds will remain for some time. However, the degree of idling funds in the United States is relatively high. If inflation continues to be high and the idling situation of funds does not change significantly, concerns about financial risks may become another important consideration for regulatory authorities such as the Federal Reserve. At that time, the market will withdraw from the monetary easing policy in advance. Expectations are likely to come true. If the Federal Reserve withdraws from its easing policy in the future, it will directly restrict the real estate market. After the decline in investment, the demand of midstream and upstream industries will gradually slow down, and the overall economic recovery will slow down. liquidity tightening will also restrict the performance of the capital market, especially the performance of U.S. stocks and U.S. bonds. Historically, in the face of tight liquidity in 2012, 2016, and 2018, the performance of U.S. stocks and U.S. bonds all dropped significantly, which is directly related to the continued rate hike of the Federal Reserve. If the interest rate gap between China and the United States narrows, the possibility of marginal tightening of my country's monetary policy cannot be ruled out, which is why we need to be more vigilant about the large-scale release of water by the United States.</p><p><b>text</b></p><p><h3><b>Introduction</b></h3>Since the outbreak of COVID-19 pandemic in the United States in March last year, the United States has introduced a large number of fiscal and monetary policies, constantly injecting liquidity into the market. Among them, fiscal policy has three important stimulus bills, involving a total amount of 4.8 trillion US dollars; In terms of monetary policy, the Federal Reserve cut interest rates twice in March last year, bringing the benchmark interest rate to near zero. After Biden took office, he not only signed the \"American Rescue Plan\" in March this year, but also released the 2 trillion \"American Jobs Plan\" and \"American Tax Plan\" at the end of March. Against the background of the large-scale release of water in the United States, a large amount of funds have flowed into the market, and market liquidity has become very loose.</p><p>Since March 2021, as the U.S. economy continues to recover, the market has become increasingly heated about the Federal Reserve's early tightening of monetary policy and the withdrawal of unlimited QE. The recently released U.S. inflation data for April greatly exceeded market expectations, further exacerbating market expectations for the Federal Reserve to tighten liquidity operations. This expectation of the market comes from the risk accumulated by extremely loose liquidity to the US financial market-<b>Because there is a certain time lag and obstacle in the transmission process of funds, an excessively wide liquidity environment may not be able to effectively serve the real economy, which is likely to lead to \"idling of funds\".</b>The Federal Reserve can effectively curb the idling of funds and reduce the risks of the financial system by tightening liquidity.</p><p>After the fiscal and monetary release, is there a phenomenon of idling funds in the US market? This article will analyze this problem and explore the impact of this phenomenon on the bond market.</p><p><h3><b>Review of U.S. Water Release Policy</b></h3>In March 2020, COVID-19 pandemic broke out in the United States, seriously affecting the normal operation of the economy. In order to save the recessionary economy, the U.S. government and the Federal Reserve adopted a series of fiscal and monetary policies to stimulate the economy.</p><p><b>Since last year, the U.S. government has issued multiple rescue plans and anti-epidemic relief policies, and invested a large amount of money in the market.</b>Among them, there were three fiscal stimulus involving legislation and large amounts, with a total of 4.8 trillion US dollars distributed. These fiscal stimulus plans mainly provide assistance to residents and enterprises, distribute relief funds to residents in the form of checks, and set up unemployment benefits, aiming at preventing the rapid economic recession and promoting economic recovery.</p><p><img src=\"https://static.tigerbbs.com/bb5c5f00c5acdfcb4b16f9575fd631e8\" tg-width=\"940\" tg-height=\"433\" referrerpolicy=\"no-referrer\"></p><p><b>In addition to fiscal policy, the United States also actively uses monetary policy to inject liquidity into the market.</b>On March 3, 2020, the Federal Reserve emergency cut interest rates by 50bp; On March 16, 2020, the Federal Reserve suddenly cut interest rates again, bringing the benchmark interest rate to near zero. At the same time, the Federal Reserve also announced the restart of QE and announced the opening of unlimited QE. Under the fierce monetary policy, U.S. bond yields fell rapidly.</p><p><img src=\"https://static.tigerbbs.com/e666447d842c05b23ebf7ef7e44a191f\" tg-width=\"933\" tg-height=\"478\" referrerpolicy=\"no-referrer\"></p><p>Against the background of the large-scale release of water in the United States, the amount of money in the United States has risen rapidly, and the balance sheet of the Federal Reserve has also continued to expand. On March 4, 2020, the total assets of the Federal Reserve were $4.24 trillion; By April 21, 2021, the total assets of the Federal Reserve have reached US $7.82 trillion.<b>The expanded balance sheet corresponds to too much funds. When the economic growth rate cannot match the monetary growth rate, a large amount of funds will inevitably circulate in the financial system and cannot effectively enter the real economy.</b></p><p><h3><b>Main forms of fund idling</b></h3><b>The so-called idling of funds refers to the circulation of monetary funds among financial institutions without entering the real economy to serve relevant enterprises.</b>Broadly speaking, as long as the transmission process of funds is not smooth enough and the chain entering the real economy is lengthened, it should be regarded as idling funds. In the narrow sense, idling of funds specifically refers to the fact that funds are not used in the real economy, and then flow back to the financial system after circulating within the financial system or entering the entity. In a broad sense, fund idling measures the efficiency of fund use, and in a narrow sense, fund idling measures the results of fund use. As the latter is more conducive to measuring the degree of utilization of money by the real economy, this paper adopts the concept of idling funds in a narrow sense in its analysis.</p><p>Generally speaking, fund idling mainly occurs in banks and enterprises. We can adopt the following methods when studying fund idling:</p><p>Macroscopically speaking, when the monetary growth rate continues to be far greater than the economic growth rate, we think that there is idling of funds in the economy.<b>We often compare M2 growth rate with GDP growth rate.</b>For China, the growth rate of M2 generally maintains the same direction as the growth rate of GDP, and the growth rate of M2 is slightly higher than the growth rate of GDP. For the United States, the direction of M2 growth rate and GDP growth rate should also be consistent, but the specific values will be different. However, through the vertical comparison of the data of the United States itself, we can still see whether there is a surplus of its currency.</p><p>For the real economy, comparison<b>The gap between M2 growth rate and credit growth rate</b>You can observe the phenomenon of idling funds. If the growth rate difference between the two is too large, it means that the money put in has not entered the real economy in the form of credit, and there is a certain phenomenon of idling funds in the market. In addition, we can also observe the size of corporate time deposits and non-bank deposits. If the scale is too large and the growth is fast, it means that the funds of the enterprise have not been invested in the real economy for production, but the funds have idled. Considering that the United States is an economy dominated by direct financing, we also need to study the correlation between M2 increment and direct financing amount. If the growth of direct financing is lower than M2, it means that the money put in is not directly transfused to the enterprise, and the funds are idling in the market.</p><p><h3><b>U.S. water release may have caused funds to idle</b></h3>First of all, we can study the phenomenon of idling funds through the relationship between M2 and GDP. Before observing the specific changes of M2, we need to first understand what M2 in the United States measures. U.S. M2 = cash in circulation + corporate demand deposits + corporate small time deposits (excluding those above US $100,000) + resident savings deposits + retail money funds + other deposits; China M2 = cash in circulation + corporate demand deposits + corporate time deposits + resident savings deposits + other deposits, of which other deposits include currency funds. In contrast, M2 in the United States underwrites the large time deposits of enterprises.<b>Therefore, the US M2 underestimates the actual amount of money in circulation.</b></p><p>From a macro perspective, before 2008, the correlation between M2 growth rate and GDP growth rate in the United States was weak; After 2008, there is a strong correlation between the two. We can see that the trend of U.S. GDP growth rate and M2 growth rate has changed dramatically in 2020: M2 growth rate reached 25.78%, while GDP growth rate was only-2.30%. The surge in the amount of money has brought excess liquidity to the financial system, and the macro leverage ratio has increased.<b>According to the above description, even though M2's measurement of currency is underestimated, its growth rate still exceeds the normal level. Therefore, we believe that there is a high probability of idling funds in the United States.</b></p><p><img src=\"https://static.tigerbbs.com/4f8f6f00461a677e5d7584edc4a8b15d\" tg-width=\"952\" tg-height=\"451\" referrerpolicy=\"no-referrer\"></p><p>Overall, the growth rate of corporate credit scale in most years will be slightly smaller than the growth rate of M2, and the growth rate of corporate credit reflects the amount of funds entering the real economy. With the growth rate of M2 as high as 25.78% in 2020, the growth rate of corporate credit in the United States is only 9.38%. Considering that M2 does not include large corporate time deposits, the actual gap between the two will be even greater. Therefore,<b>A large amount of money has not yet been converted into actual credit demand.</b>Since there is a certain lag effect between money supply and credit, it is necessary to pay close attention to the growth rate of credit in 2021. If the growth rate of corporate credit scale is still far less than M2, then the situation of idling funds will become more serious.</p><p><img src=\"https://static.tigerbbs.com/52d1ebc5025087a73a41c9c548b1fdad\" tg-width=\"951\" tg-height=\"449\" referrerpolicy=\"no-referrer\"></p><p><b>The growth rate of time and savings deposits in the non-financial enterprise sector has increased, and the phenomenon of idling funds has intensified.</b>From 2010 to 2019, the peak growth rate of this deposit scale was 7.60%, and it remained low or even negative in some years. In 2020, the scale of this deposit reached US $1.50 trillion, a year-on-year increase of 14.63%, and the growth rate exceeded the level during the 2008 financial crisis (a year-on-year increase of 14.38% in 2009). This shows that the idle funds of non-financial enterprises have entered the financial system again, and have not served the real economy well.</p><p><img src=\"https://static.tigerbbs.com/d90708c4a9f41efbf1c6e72f0e76e965\" tg-width=\"916\" tg-height=\"445\" referrerpolicy=\"no-referrer\"></p><p>Considering that the U.S. market is dominated by direct financing, we also need to study the relationship between equity and bond financing and M2. Since bond types such as Treasury Bond are not directly connected to the real economy, we only use the amount of corporate bonds here to discuss the amount of financing used for the real economy. As stock financing and bond financing are greatly affected by seasonal factors and financial factors, and the monthly difference is obvious, we directly observe their changes in absolute terms, and analyze the future trend from the quarterly year-on-year growth rate.</p><p><b>In terms of absolute scale, the scale of M2 expanded extremely rapidly from March to June 2020, and most of the funds were not absorbed through direct financing.</b>Recently, the amount of bond financing has gradually been equal to the increase of M2, but the gap has widened again in March 2021. It can be seen that from the perspective of direct financing, there is still a certain degree of idling funds in the US market.</p><p>Due to the severe release of money in the United States in 2020 and the certain impact of the epidemic on financing, both M2 data and direct financing data are obviously distorted. When calculating the quarterly year-on-year growth rate in March 2021, we use 2019 as the benchmark to calculate the two-year average annual compound growth rate.<b>The year-on-year growth rate of M2 in the first two quarters of 2020 is much higher than the year-on-year growth rate of direct financing. Although it was lower than the year-on-year growth rate of stock financing in the fourth quarter of 2020, after entering 2021, the year-on-year growth rate of M2 increment Still far ahead.</b>In March 2021, the increase in M2 increased by 137.13% year-on-year, while the amount of stock financing increased by 77.51% year-on-year, and the amount of bond financing increased by 24.06% year-on-year. The idling situation of funds in the United States has not been alleviated.</p><p><img src=\"https://static.tigerbbs.com/8236d1018905544e483372bd7d71fd05\" tg-width=\"908\" tg-height=\"435\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/ca6f250e06b6999c1e27da75c007cfda\" tg-width=\"917\" tg-height=\"435\" referrerpolicy=\"no-referrer\"></p><p>To sum up, the United States has accumulated excess liquidity in the market after the large-scale release since the outbreak of the epidemic. Judging from the performance of macro and real economy, the phenomenon of capital idling has intensified, and the expansion of capital scale has not produced corresponding economic benefits, which has accumulated a lot of risks for the financial system.</p><p><h3><b>The follow-up impact of idling funds in the United States</b></h3><b>The proactive fiscal policy is expected to accompany the economic recovery of the United States, and the release of water is expected to continue in a short period of time.</b>Since the interest rate in the U.S. market has remained at zero and unlimited QE has been launched, there is little room for monetary policy to continue to release water. The current release mainly relies on fiscal stimulus. The $1.9 trillion fiscal stimulus plan proposed by Biden at the beginning of his term of office far exceeded market expectations, and his practice of directly activating the budget reconciliation process to successfully sign the fiscal stimulus bill also exceeded market expectations. Biden has made his governance style clear to the market through a series of policy measures. The proactive fiscal policy is expected to accompany the economic recovery of the United States, and the release of water is expected to continue in a short period of time. However, the source of funds for Biden's infrastructure plan still needs to be raised by issuing bonds, and too rapid contraction of liquidity will also conflict with fiscal purposes. Although the epidemic has improved in an all-round way and the global economy has rebounded significantly in the context of vaccination, taking into account factors such as employment, it is expected that the Fed's tolerance for inflation and idling funds will remain for some time.</p><p>In terms of monetary policy, in the early morning of April 29th, Beijing time, the Federal Reserve announced the results of its April interest rate meeting: the benchmark interest rate will remain unchanged at 0-0.25%, reiterating that it will keep the interest rate at the current level until it is convinced that the economy will survive the crisis and achieve its maximum dual goals of employment and price stability; At the same time, asset buybacks will not stop until substantial progress is made on maximum employment and price stability targets. We believe that the degree of idling funds in the United States is relatively high. Although the current economy is still in the process of recovery, the current easing policy will still be maintained considering factors such as employment.<b>However, if inflation continues to be high, the idling situation of funds has not improved significantly, and a large amount of funds continue to pour into markets such as real estate instead of supporting the real economy, concerns about financial risks may become another important consideration for regulatory authorities such as the Federal Reserve. Market expectations for early withdrawal from monetary easing are likely to become a reality.</b></p><p><b>If the subsequent monetary easing policy of the United States is withdrawn, it will have a negative impact on the U.S. economy and capital market.</b>From the historical experience, first, it will directly restrict the real estate market. Financial stability depends to a large extent on the observation of real estate. The U.S. real estate market has been rising recently. After tightening policies, the rise in interest rates will inhibit residents' demand for housing purchases, leading to a decline in real estate sales. Second, the decline in investment will gradually slow down the demand in the middle and upper reaches of industries, decline in industrial production, and even lead to a decline in the growth rate of residents' income, dragging down private consumption, thus slowing down the overall economic recovery. Third, the liquidity tightening will also restrict the performance of the capital market, especially the US stock market. In addition to the adverse impact of the decline in corporate profits on the stock market, the tightening of domestic liquidity in the United States also directly leads to fluctuations in U.S. stocks, and U.S. bond yields will also rise accordingly. Historically, in the face of tight liquidity in 2012, 2016, and 2018, the performance of U.S. stocks and U.S. bonds all dropped significantly, which is directly related to the continued rate hike of the Federal Reserve.<b>In the future, if the Federal Reserve withdraws from its easing policy and the interest rate gap between China and the United States narrows, the possibility of marginal tightening of my country's monetary policy will not be ruled out. This is why we need to be more vigilant about the large-scale release of water by the United States.</b></p><p><h3><b>Domestic macro</b></h3><b>Industrial production remained strong.</b>In April 2021, the added value of industrial enterprises above designated size increased by 9.8% year-on-year, 14.1% over the same period in 2019, and the two-year average growth rate was 6.8%. It is not unexpected that the growth rate of the two-year average industrial added value fell in March and rebounded in April, because the important prerequisite of the two-year average is to use the same period in 2019 as the base, and the base effect in 2019 will affect the two-year average industrial added value. The added value forms a disturbance. March 2019 is a typical high base, and April 2019 is a low base, so there will be fluctuations from March to April this year. In fact, industrial production has always been in a relatively strong state. This can be confirmed from the demand side-real estate investment and export data. In the short term, this trend of industry is still difficult to falsify.<b>Real estate investment is stronger, but forward-looking indicators are not optimistic.</b>In April, national real estate development investment increased by 13.7% year-on-year, with a two-year average of 10.3%, an increase from March. Although the data performance of real estate investment is very strong, the forward-looking indicators have all declined. From the perspective of development, the start and completion of construction have shrunk significantly. In terms of funding sources, the funding sources for real estate development increased by an average of 9.1% in April in two years, between January-February and March. The pressure on domestic bank loans was slightly reduced compared with March. It is expected that real estate investment will gradually start a downward process during the year.</p><p><b>Investment in the manufacturing industry picked up moderately, while investment in infrastructure fell slightly.</b>In April, the two-year average growth rate of manufacturing investment returned significantly to positive, with an increase of 3.4%. From the perspective of industry, industries with good fundamentals took the lead in rebounding, and the two-year average growth rates of chemicals, medicines, special equipment, electrical machinery, computer electronic communication equipment and other industries all rebounded from last month. Under the background of strictly controlling the hidden debt of local governments, infrastructure investment is still facing constraints, and it is expected that it is difficult to see a sharp upward trend; However, sufficient supply of special bonds will also support infrastructure investment, and subsequent infrastructure investment is expected to stabilize at a lower growth rate.<b>Consumption fell beyond seasonality.</b>From a month-on-month perspective, April was originally the off-season for consumption. In previous years, it would have dropped by about 3% compared with March. However, in April this year, it dropped by 6.6% month-on-month, indicating that consumption has weakened. From the perspective of consumption of each sub-item, except for the two-year compound growth rate of tobacco, alcohol, gold, silver, jewelry and furniture, which continued to rise compared with the previous month, the two-year compound growth rate of other sub-items all declined. In April, Tomb-Sweeping Day's tourism revenue only recovered to 56.7% of the pre-epidemic level, which also reflects that the consumption recovery in April is still insufficient. Nevertheless, the trend of consumption improvement is relatively certain, and the tourism data of May Day has been significantly improved compared with Tomb-Sweeping Day.<b>Unemployment rate returns to pre-pandemic levels</b>。 In April, the national urban surveyed unemployment rate was 5.1%, down 0.2 percentage points from March and 0.9 percentage points from the same period last year. The surveyed urban unemployment rate in 31 big cities was 5.2%, down 0.1 percentage points from March. The unemployment rate is roughly back to pre-pandemic levels.</p>","source":"gelonghui_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Depth! Analysis of idling funds after the big water release in the United States</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDepth! Analysis of idling funds after the big water release in the United States\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">格隆汇</strong><span class=\"h-time small\">2021-05-25 14:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Investment Key Points</b></p><p><b>Since the outbreak of COVID-19 pandemic in the United States in March last year, the United States has introduced a large number of fiscal and monetary policies, constantly injecting liquidity into the market. Against the background of the large-scale release of water in the United States, a large amount of funds have flowed into the market, and market liquidity has become very loose. However, due to the certain time lag and obstacles in the transmission process of funds, an excessively wide liquidity environment may not be able to effectively serve the real economy, which is likely to lead to \"idling of funds\". Is there a phenomenon of idling funds in the United States at present? What impact will it bring? This article will analyze this problem.</b></p><p><b>Since last year, the United States has injected a lot of liquidity into the market.</b>Since last year, the U.S. government has issued multiple rescue plans and anti-epidemic relief policies, and invested a large amount of money in the market. Among them, there were three fiscal stimulus involving legislation and large amounts, with a total of 4.8 trillion US dollars distributed. In addition to fiscal policy, the United States also actively uses monetary policy to inject liquidity into the market. Two sudden interest rate cuts brought the benchmark interest rate to near zero and opened unlimited QE.<b>Under the fierce monetary policy, U.S. bond yields have declined rapidly, and the Federal Reserve's balance sheet has expanded rapidly, which is likely to lead to the problem of idling funds.</b></p><p><b>Idling funds refers to the circulation of monetary funds between financial institutions without entering the real economy to serve relevant enterprises. The specific measurement methods are as follows:</b>(1) Compare M2 growth rate with GDP growth rate; (2) Compare the growth rate of M2 and the growth rate of credit; (3) Observe the size of corporate time deposits and non-bank deposits; (4) Study the correlation between M2 increment and direct financing amount.</p><p><b>There is a problem of idling funds after the large-scale release of water in the United States:</b>(1) The trend of U.S. GDP growth rate and M2 growth rate has changed dramatically in 2020: M2 growth rate reached 25.78%, while GDP growth rate was only-2.30%. The surge in the amount of money has brought excess liquidity to the financial system, and the macro leverage ratio has increased. (2) When the growth rate of M2 is as high as 25.78% in 2020, the growth rate of corporate credit is only 9.38%, and a large amount of money has not yet been converted into actual credit demand. (3) The growth rate of time and savings deposits in the non-financial corporate sector has increased, reaching US $1.50 trillion in 2020, a year-on-year increase of 14.63%. The growth rate exceeded the level during the 2008 financial crisis. (4) The absolute scale growth of direct financing is obviously smaller than that of M2; The quarterly year-on-year growth rate of direct financing is also far lower than the M2 increment, and this phenomenon has intensified in 2021.</p><p><b>Subsequent effects of idling funds in the United States:</b>The proactive fiscal policy is expected to accompany the economic recovery of the United States, and it is expected that the release of water will continue in a short period of time. Taking into account factors such as employment, the Fed's tolerance for inflation and idling funds will remain for some time. However, the degree of idling funds in the United States is relatively high. If inflation continues to be high and the idling situation of funds does not change significantly, concerns about financial risks may become another important consideration for regulatory authorities such as the Federal Reserve. At that time, the market will withdraw from the monetary easing policy in advance. Expectations are likely to come true. If the Federal Reserve withdraws from its easing policy in the future, it will directly restrict the real estate market. After the decline in investment, the demand of midstream and upstream industries will gradually slow down, and the overall economic recovery will slow down. liquidity tightening will also restrict the performance of the capital market, especially the performance of U.S. stocks and U.S. bonds. Historically, in the face of tight liquidity in 2012, 2016, and 2018, the performance of U.S. stocks and U.S. bonds all dropped significantly, which is directly related to the continued rate hike of the Federal Reserve. If the interest rate gap between China and the United States narrows, the possibility of marginal tightening of my country's monetary policy cannot be ruled out, which is why we need to be more vigilant about the large-scale release of water by the United States.</p><p><b>text</b></p><p><h3><b>Introduction</b></h3>Since the outbreak of COVID-19 pandemic in the United States in March last year, the United States has introduced a large number of fiscal and monetary policies, constantly injecting liquidity into the market. Among them, fiscal policy has three important stimulus bills, involving a total amount of 4.8 trillion US dollars; In terms of monetary policy, the Federal Reserve cut interest rates twice in March last year, bringing the benchmark interest rate to near zero. After Biden took office, he not only signed the \"American Rescue Plan\" in March this year, but also released the 2 trillion \"American Jobs Plan\" and \"American Tax Plan\" at the end of March. Against the background of the large-scale release of water in the United States, a large amount of funds have flowed into the market, and market liquidity has become very loose.</p><p>Since March 2021, as the U.S. economy continues to recover, the market has become increasingly heated about the Federal Reserve's early tightening of monetary policy and the withdrawal of unlimited QE. The recently released U.S. inflation data for April greatly exceeded market expectations, further exacerbating market expectations for the Federal Reserve to tighten liquidity operations. This expectation of the market comes from the risk accumulated by extremely loose liquidity to the US financial market-<b>Because there is a certain time lag and obstacle in the transmission process of funds, an excessively wide liquidity environment may not be able to effectively serve the real economy, which is likely to lead to \"idling of funds\".</b>The Federal Reserve can effectively curb the idling of funds and reduce the risks of the financial system by tightening liquidity.</p><p>After the fiscal and monetary release, is there a phenomenon of idling funds in the US market? This article will analyze this problem and explore the impact of this phenomenon on the bond market.</p><p><h3><b>Review of U.S. Water Release Policy</b></h3>In March 2020, COVID-19 pandemic broke out in the United States, seriously affecting the normal operation of the economy. In order to save the recessionary economy, the U.S. government and the Federal Reserve adopted a series of fiscal and monetary policies to stimulate the economy.</p><p><b>Since last year, the U.S. government has issued multiple rescue plans and anti-epidemic relief policies, and invested a large amount of money in the market.</b>Among them, there were three fiscal stimulus involving legislation and large amounts, with a total of 4.8 trillion US dollars distributed. These fiscal stimulus plans mainly provide assistance to residents and enterprises, distribute relief funds to residents in the form of checks, and set up unemployment benefits, aiming at preventing the rapid economic recession and promoting economic recovery.</p><p><img src=\"https://static.tigerbbs.com/bb5c5f00c5acdfcb4b16f9575fd631e8\" tg-width=\"940\" tg-height=\"433\" referrerpolicy=\"no-referrer\"></p><p><b>In addition to fiscal policy, the United States also actively uses monetary policy to inject liquidity into the market.</b>On March 3, 2020, the Federal Reserve emergency cut interest rates by 50bp; On March 16, 2020, the Federal Reserve suddenly cut interest rates again, bringing the benchmark interest rate to near zero. At the same time, the Federal Reserve also announced the restart of QE and announced the opening of unlimited QE. Under the fierce monetary policy, U.S. bond yields fell rapidly.</p><p><img src=\"https://static.tigerbbs.com/e666447d842c05b23ebf7ef7e44a191f\" tg-width=\"933\" tg-height=\"478\" referrerpolicy=\"no-referrer\"></p><p>Against the background of the large-scale release of water in the United States, the amount of money in the United States has risen rapidly, and the balance sheet of the Federal Reserve has also continued to expand. On March 4, 2020, the total assets of the Federal Reserve were $4.24 trillion; By April 21, 2021, the total assets of the Federal Reserve have reached US $7.82 trillion.<b>The expanded balance sheet corresponds to too much funds. When the economic growth rate cannot match the monetary growth rate, a large amount of funds will inevitably circulate in the financial system and cannot effectively enter the real economy.</b></p><p><h3><b>Main forms of fund idling</b></h3><b>The so-called idling of funds refers to the circulation of monetary funds among financial institutions without entering the real economy to serve relevant enterprises.</b>Broadly speaking, as long as the transmission process of funds is not smooth enough and the chain entering the real economy is lengthened, it should be regarded as idling funds. In the narrow sense, idling of funds specifically refers to the fact that funds are not used in the real economy, and then flow back to the financial system after circulating within the financial system or entering the entity. In a broad sense, fund idling measures the efficiency of fund use, and in a narrow sense, fund idling measures the results of fund use. As the latter is more conducive to measuring the degree of utilization of money by the real economy, this paper adopts the concept of idling funds in a narrow sense in its analysis.</p><p>Generally speaking, fund idling mainly occurs in banks and enterprises. We can adopt the following methods when studying fund idling:</p><p>Macroscopically speaking, when the monetary growth rate continues to be far greater than the economic growth rate, we think that there is idling of funds in the economy.<b>We often compare M2 growth rate with GDP growth rate.</b>For China, the growth rate of M2 generally maintains the same direction as the growth rate of GDP, and the growth rate of M2 is slightly higher than the growth rate of GDP. For the United States, the direction of M2 growth rate and GDP growth rate should also be consistent, but the specific values will be different. However, through the vertical comparison of the data of the United States itself, we can still see whether there is a surplus of its currency.</p><p>For the real economy, comparison<b>The gap between M2 growth rate and credit growth rate</b>You can observe the phenomenon of idling funds. If the growth rate difference between the two is too large, it means that the money put in has not entered the real economy in the form of credit, and there is a certain phenomenon of idling funds in the market. In addition, we can also observe the size of corporate time deposits and non-bank deposits. If the scale is too large and the growth is fast, it means that the funds of the enterprise have not been invested in the real economy for production, but the funds have idled. Considering that the United States is an economy dominated by direct financing, we also need to study the correlation between M2 increment and direct financing amount. If the growth of direct financing is lower than M2, it means that the money put in is not directly transfused to the enterprise, and the funds are idling in the market.</p><p><h3><b>U.S. water release may have caused funds to idle</b></h3>First of all, we can study the phenomenon of idling funds through the relationship between M2 and GDP. Before observing the specific changes of M2, we need to first understand what M2 in the United States measures. U.S. M2 = cash in circulation + corporate demand deposits + corporate small time deposits (excluding those above US $100,000) + resident savings deposits + retail money funds + other deposits; China M2 = cash in circulation + corporate demand deposits + corporate time deposits + resident savings deposits + other deposits, of which other deposits include currency funds. In contrast, M2 in the United States underwrites the large time deposits of enterprises.<b>Therefore, the US M2 underestimates the actual amount of money in circulation.</b></p><p>From a macro perspective, before 2008, the correlation between M2 growth rate and GDP growth rate in the United States was weak; After 2008, there is a strong correlation between the two. We can see that the trend of U.S. GDP growth rate and M2 growth rate has changed dramatically in 2020: M2 growth rate reached 25.78%, while GDP growth rate was only-2.30%. The surge in the amount of money has brought excess liquidity to the financial system, and the macro leverage ratio has increased.<b>According to the above description, even though M2's measurement of currency is underestimated, its growth rate still exceeds the normal level. Therefore, we believe that there is a high probability of idling funds in the United States.</b></p><p><img src=\"https://static.tigerbbs.com/4f8f6f00461a677e5d7584edc4a8b15d\" tg-width=\"952\" tg-height=\"451\" referrerpolicy=\"no-referrer\"></p><p>Overall, the growth rate of corporate credit scale in most years will be slightly smaller than the growth rate of M2, and the growth rate of corporate credit reflects the amount of funds entering the real economy. With the growth rate of M2 as high as 25.78% in 2020, the growth rate of corporate credit in the United States is only 9.38%. Considering that M2 does not include large corporate time deposits, the actual gap between the two will be even greater. Therefore,<b>A large amount of money has not yet been converted into actual credit demand.</b>Since there is a certain lag effect between money supply and credit, it is necessary to pay close attention to the growth rate of credit in 2021. If the growth rate of corporate credit scale is still far less than M2, then the situation of idling funds will become more serious.</p><p><img src=\"https://static.tigerbbs.com/52d1ebc5025087a73a41c9c548b1fdad\" tg-width=\"951\" tg-height=\"449\" referrerpolicy=\"no-referrer\"></p><p><b>The growth rate of time and savings deposits in the non-financial enterprise sector has increased, and the phenomenon of idling funds has intensified.</b>From 2010 to 2019, the peak growth rate of this deposit scale was 7.60%, and it remained low or even negative in some years. In 2020, the scale of this deposit reached US $1.50 trillion, a year-on-year increase of 14.63%, and the growth rate exceeded the level during the 2008 financial crisis (a year-on-year increase of 14.38% in 2009). This shows that the idle funds of non-financial enterprises have entered the financial system again, and have not served the real economy well.</p><p><img src=\"https://static.tigerbbs.com/d90708c4a9f41efbf1c6e72f0e76e965\" tg-width=\"916\" tg-height=\"445\" referrerpolicy=\"no-referrer\"></p><p>Considering that the U.S. market is dominated by direct financing, we also need to study the relationship between equity and bond financing and M2. Since bond types such as Treasury Bond are not directly connected to the real economy, we only use the amount of corporate bonds here to discuss the amount of financing used for the real economy. As stock financing and bond financing are greatly affected by seasonal factors and financial factors, and the monthly difference is obvious, we directly observe their changes in absolute terms, and analyze the future trend from the quarterly year-on-year growth rate.</p><p><b>In terms of absolute scale, the scale of M2 expanded extremely rapidly from March to June 2020, and most of the funds were not absorbed through direct financing.</b>Recently, the amount of bond financing has gradually been equal to the increase of M2, but the gap has widened again in March 2021. It can be seen that from the perspective of direct financing, there is still a certain degree of idling funds in the US market.</p><p>Due to the severe release of money in the United States in 2020 and the certain impact of the epidemic on financing, both M2 data and direct financing data are obviously distorted. When calculating the quarterly year-on-year growth rate in March 2021, we use 2019 as the benchmark to calculate the two-year average annual compound growth rate.<b>The year-on-year growth rate of M2 in the first two quarters of 2020 is much higher than the year-on-year growth rate of direct financing. Although it was lower than the year-on-year growth rate of stock financing in the fourth quarter of 2020, after entering 2021, the year-on-year growth rate of M2 increment Still far ahead.</b>In March 2021, the increase in M2 increased by 137.13% year-on-year, while the amount of stock financing increased by 77.51% year-on-year, and the amount of bond financing increased by 24.06% year-on-year. The idling situation of funds in the United States has not been alleviated.</p><p><img src=\"https://static.tigerbbs.com/8236d1018905544e483372bd7d71fd05\" tg-width=\"908\" tg-height=\"435\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/ca6f250e06b6999c1e27da75c007cfda\" tg-width=\"917\" tg-height=\"435\" referrerpolicy=\"no-referrer\"></p><p>To sum up, the United States has accumulated excess liquidity in the market after the large-scale release since the outbreak of the epidemic. Judging from the performance of macro and real economy, the phenomenon of capital idling has intensified, and the expansion of capital scale has not produced corresponding economic benefits, which has accumulated a lot of risks for the financial system.</p><p><h3><b>The follow-up impact of idling funds in the United States</b></h3><b>The proactive fiscal policy is expected to accompany the economic recovery of the United States, and the release of water is expected to continue in a short period of time.</b>Since the interest rate in the U.S. market has remained at zero and unlimited QE has been launched, there is little room for monetary policy to continue to release water. The current release mainly relies on fiscal stimulus. The $1.9 trillion fiscal stimulus plan proposed by Biden at the beginning of his term of office far exceeded market expectations, and his practice of directly activating the budget reconciliation process to successfully sign the fiscal stimulus bill also exceeded market expectations. Biden has made his governance style clear to the market through a series of policy measures. The proactive fiscal policy is expected to accompany the economic recovery of the United States, and the release of water is expected to continue in a short period of time. However, the source of funds for Biden's infrastructure plan still needs to be raised by issuing bonds, and too rapid contraction of liquidity will also conflict with fiscal purposes. Although the epidemic has improved in an all-round way and the global economy has rebounded significantly in the context of vaccination, taking into account factors such as employment, it is expected that the Fed's tolerance for inflation and idling funds will remain for some time.</p><p>In terms of monetary policy, in the early morning of April 29th, Beijing time, the Federal Reserve announced the results of its April interest rate meeting: the benchmark interest rate will remain unchanged at 0-0.25%, reiterating that it will keep the interest rate at the current level until it is convinced that the economy will survive the crisis and achieve its maximum dual goals of employment and price stability; At the same time, asset buybacks will not stop until substantial progress is made on maximum employment and price stability targets. We believe that the degree of idling funds in the United States is relatively high. Although the current economy is still in the process of recovery, the current easing policy will still be maintained considering factors such as employment.<b>However, if inflation continues to be high, the idling situation of funds has not improved significantly, and a large amount of funds continue to pour into markets such as real estate instead of supporting the real economy, concerns about financial risks may become another important consideration for regulatory authorities such as the Federal Reserve. Market expectations for early withdrawal from monetary easing are likely to become a reality.</b></p><p><b>If the subsequent monetary easing policy of the United States is withdrawn, it will have a negative impact on the U.S. economy and capital market.</b>From the historical experience, first, it will directly restrict the real estate market. Financial stability depends to a large extent on the observation of real estate. The U.S. real estate market has been rising recently. After tightening policies, the rise in interest rates will inhibit residents' demand for housing purchases, leading to a decline in real estate sales. Second, the decline in investment will gradually slow down the demand in the middle and upper reaches of industries, decline in industrial production, and even lead to a decline in the growth rate of residents' income, dragging down private consumption, thus slowing down the overall economic recovery. Third, the liquidity tightening will also restrict the performance of the capital market, especially the US stock market. In addition to the adverse impact of the decline in corporate profits on the stock market, the tightening of domestic liquidity in the United States also directly leads to fluctuations in U.S. stocks, and U.S. bond yields will also rise accordingly. Historically, in the face of tight liquidity in 2012, 2016, and 2018, the performance of U.S. stocks and U.S. bonds all dropped significantly, which is directly related to the continued rate hike of the Federal Reserve.<b>In the future, if the Federal Reserve withdraws from its easing policy and the interest rate gap between China and the United States narrows, the possibility of marginal tightening of my country's monetary policy will not be ruled out. This is why we need to be more vigilant about the large-scale release of water by the United States.</b></p><p><h3><b>Domestic macro</b></h3><b>Industrial production remained strong.</b>In April 2021, the added value of industrial enterprises above designated size increased by 9.8% year-on-year, 14.1% over the same period in 2019, and the two-year average growth rate was 6.8%. It is not unexpected that the growth rate of the two-year average industrial added value fell in March and rebounded in April, because the important prerequisite of the two-year average is to use the same period in 2019 as the base, and the base effect in 2019 will affect the two-year average industrial added value. The added value forms a disturbance. March 2019 is a typical high base, and April 2019 is a low base, so there will be fluctuations from March to April this year. In fact, industrial production has always been in a relatively strong state. This can be confirmed from the demand side-real estate investment and export data. In the short term, this trend of industry is still difficult to falsify.<b>Real estate investment is stronger, but forward-looking indicators are not optimistic.</b>In April, national real estate development investment increased by 13.7% year-on-year, with a two-year average of 10.3%, an increase from March. Although the data performance of real estate investment is very strong, the forward-looking indicators have all declined. From the perspective of development, the start and completion of construction have shrunk significantly. In terms of funding sources, the funding sources for real estate development increased by an average of 9.1% in April in two years, between January-February and March. The pressure on domestic bank loans was slightly reduced compared with March. It is expected that real estate investment will gradually start a downward process during the year.</p><p><b>Investment in the manufacturing industry picked up moderately, while investment in infrastructure fell slightly.</b>In April, the two-year average growth rate of manufacturing investment returned significantly to positive, with an increase of 3.4%. From the perspective of industry, industries with good fundamentals took the lead in rebounding, and the two-year average growth rates of chemicals, medicines, special equipment, electrical machinery, computer electronic communication equipment and other industries all rebounded from last month. Under the background of strictly controlling the hidden debt of local governments, infrastructure investment is still facing constraints, and it is expected that it is difficult to see a sharp upward trend; However, sufficient supply of special bonds will also support infrastructure investment, and subsequent infrastructure investment is expected to stabilize at a lower growth rate.<b>Consumption fell beyond seasonality.</b>From a month-on-month perspective, April was originally the off-season for consumption. In previous years, it would have dropped by about 3% compared with March. However, in April this year, it dropped by 6.6% month-on-month, indicating that consumption has weakened. From the perspective of consumption of each sub-item, except for the two-year compound growth rate of tobacco, alcohol, gold, silver, jewelry and furniture, which continued to rise compared with the previous month, the two-year compound growth rate of other sub-items all declined. In April, Tomb-Sweeping Day's tourism revenue only recovered to 56.7% of the pre-epidemic level, which also reflects that the consumption recovery in April is still insufficient. Nevertheless, the trend of consumption improvement is relatively certain, and the tourism data of May Day has been significantly improved compared with Tomb-Sweeping Day.<b>Unemployment rate returns to pre-pandemic levels</b>。 In April, the national urban surveyed unemployment rate was 5.1%, down 0.2 percentage points from March and 0.9 percentage points from the same period last year. The surveyed urban unemployment rate in 31 big cities was 5.2%, down 0.1 percentage points from March. The unemployment rate is roughly back to pre-pandemic levels.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.gelonghui.com/p/467066\">格隆汇</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b88e2fdae8e5bd88881023c7c82026ea","relate_stocks":{"161125":"标普500","513500":"标普500ETF","UPRO":"三倍做多标普500ETF-ProShares","DJX":"1/100道琼斯","SH":"做空标普500-Proshares","SPXU":"三倍做空标普500ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares",".IXIC":"NASDAQ Composite","SDOW":"三倍做空道指30ETF-ProShares","SPY":"标普500ETF","IVV":"标普500ETF-iShares","TQQQ":"纳指三倍做多ETF","OEX":"标普100",".SPX":"S&P 500 Index","OEF":"标普100指数ETF-iShares","SDS":"两倍做空标普500 ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares",".DJI":"道琼斯","DDM":"2倍做多道指ETF-ProShares","PSQ":"做空纳斯达克100指数ETF-ProShares","SQQQ":"纳指三倍做空ETF","DOG":"道指ETF-ProShares做空","QQQ":"纳指100ETF","UDOW":"三倍做多道指30ETF-ProShares"},"source_url":"http://www.gelonghui.com/p/467066","is_english":false,"share_image_url":"https://static.laohu8.com/6b8fa6424aebe95f6781d04ef17a1852","article_id":"2138516898","content_text":"投资要点自去年3月新冠疫情在美国爆发以来，美国推出了大量财政政策和货币政策，不断向市场注入流动性。在美国大放水的背景下，大量资金流入市场，市场流动性变得非常宽松。然而，由于资金在传导过程存在一定的时滞和阻碍，过宽的流动性环境不一定能有效服务实体经济，很可能导致“资金空转”。美国目前是否存在资金空转的现象？又会带来何种影响？本文将针对此问题进行分析。去年以来美国向市场注入了大量流动性。美国政府自去年以来发布了多次救助计划和抗疫纾困政策，向市场上投放了大量的资金。其中涉及立法、金额较大的财政刺激共有三次，累计发放4.8万亿美元。除了运用财政政策外，美国还积极运用货币政策来为市场注入流动性。两次突发降息将基准利率降至零附近，并开启了无限量QE。在猛烈的货币政策下，美债收益率迅速下行，美联储的资产负债表迅速膨胀，很可能带来资金空转的问题。资金空转是指货币资金在金融机构之间流转，而没有进入实体经济中服务有关企业，具体的衡量方法有如下几种：（1）对比M2增速与GDP增速；（2）对比M2增速和信贷增速；（3）观察企业定期存款和非银存款等的规模大小；（4）研究M2增量与直接融资额之间的相关关系。美国在大放水后存在着资金空转的问题：（1）美国GDP增速与M2增速的趋势在2020年有了巨大的转变：M2增速达到25.78%，而GDP增长率仅为-2.30%。货币量的猛增给金融体系带来了过剩的流动性，宏观杠杆率有所提高。（2）2020年M2增速高达25.78%的情况下，企业信贷增速仅为9.38%，大量的货币投放暂未转换成实际的信贷需求。（3）非金融企业部门的定期和储蓄存款增速提高，2020年规模达到1.50万亿美元，同比增长14.63%，增速水平超过了2008年金融危机时的水平。（4）直接融资的绝对规模增长明显小于M2增量；直接融资的季度同比增速也远远低于M2增量，并且这一现象在2021年有所加剧。美国资金空转的后续影响：积极的财政政策料将伴随着美国的经济复苏，预计短时间内放水仍将持续，考虑到就业等因素，美联储对通胀以及资金空转的容忍度还将维持一段时间。但美国资金空转的程度较高，如果通胀持续高企，资金空转状况又没有明显改观，对于金融风险的顾虑或将会成为美联储等监管部门的另一层重要考量，届时提前退出货币宽松政策的市场预期很可能成为现实。未来如果美联储退出宽松政策，会直接制约房地产市场，投资下降后会使得中上游行业的需求逐渐放缓，整体经济复苏减慢，流动性收紧也会制约资本市场，尤其是美股美债的表现。从历史上来看，在2012年、2016年以及2018年面对流动性紧张时，美股美债表现均明显回落，与美联储的持续加息有直接的关系。如果中美利差缩小，则不排除我国货币政策边际收紧的可能，这也是我们目前需要对美国大放水提高警惕的原因。正文引言自去年3月新冠疫情在美国爆发以来，美国推出了大量财政政策和货币政策，不断向市场注入流动性。其中，财政政策有三项重要的刺激法案，涉及金额总计4.8万亿美元；货币政策方面，美联储在去年3月两次紧急降息，将基准利率降至零水平附近。拜登上台后，不仅于今年3月签署了《美国救助计划》，更是在3月底发布了2万亿的《美国就业计划》和《美国税收计划》。在美国大放水的背景下，大量资金流入市场，市场流动性变得非常宽松。2021年3月以来，随着美国经济的不断复苏，市场对于美联储提前收紧货币政策、退出无限量QE的讨论愈发热烈。近期公布的美国4月通胀数据大超市场预期，更加剧了市场对美联储收紧流动性操作的预期。市场的这种预期来自于极宽松流动性给美国金融市场积聚的风险——由于资金在传导过程存在一定的时滞和阻碍，过宽的流动性环境不一定能有效服务实体经济，很可能导致“资金空转”。美联储可以通过收紧流动性有效遏制资金空转，降低金融系统的风险。财政和货币的大放水后，美国市场是否存在着资金空转的现象呢？本文将针对此问题进行分析，并探索这一现象对于债市的影响。美国大放水政策回顾2020年3月，新冠疫情在美国爆发，严重影响到了经济的正常运行。为了挽救衰退的经济，美国政府和美联储采取了一系列财政政策和货币政策来刺激经济。美国政府自去年以来发布了多次救助计划和抗疫纾困政策，向市场上投放了大量的资金。其中涉及立法、金额较大的财政刺激共有三次，累计发放4.8万亿美元。这些财政刺激计划主要对居民和企业进行援助，以支票的形式向居民发放救助金，并设置了失业救济金，旨在防止经济的迅速衰退，促进经济的复苏。除了运用财政政策外，美国还积极运用货币政策来为市场注入流动性。2020年3月3日，美联储紧急降息50bp；2020年3月16日，美联储再次突发降息，将基准利率降至零附近。同时，美联储还宣布重启QE，并宣布开启无限量QE。在猛烈的货币政策下，美债收益率迅速下行。在美国大放水的背景下，美国货币量迅速上升，美联储的资产负债表也不断扩张。2020年3月4日，美联储资产总额为4.24万亿美元；而到了2021年4月21日，美联储资产总额已经达到7.82万亿美元。膨胀的资产负债表对应着过多的资金，在经济增速无法与货币增速匹配时，必然有大量的资金在金融体系中流转，无法有效地进入实体经济。资金空转的主要形式所谓资金空转，指的是货币资金在金融机构之间流转，而没有进入实体经济中服务有关企业。广义上来讲，只要资金的传导过程不够流畅，进入实体经济的链条被拉长，都应当被视作资金空转。而狭义的资金空转则专指资金没有用于实体经济，在金融体系内部流转或进入实体后又回流到金融体系中来。广义的资金空转衡量资金的使用效率，狭义的资金空转衡量资金的使用结果。由于后者更有利于衡量实体经济对货币的利用程度，本文在进行分析时均采用狭义的资金空转这一概念。一般而言，资金空转主要发生在银行和企业，我们在研究资金空转时可以采取如下几种方法：宏观上讲，当货币增速持续远大于经济增长速度时，我们认为经济中出现了资金空转。我们经常用M2增速与GDP增速作比较。对中国而言，M2增速一般与GDP增速保持同向的增长，并且M2增速略高于GDP增速。对美国而言，M2增速与GDP增速的方向同样应保持一致，但具体的数值大小会有区别。不过通过对美国自身数据的纵向对比，我们依然可以看到其货币是否存在过剩的现象。对于实体经济而言，对比M2增速和信贷增速的差距可以观察资金空转的现象。若二者增速差过大，则说明投放出的货币没有以信贷的形式进入到实体经济当中，市场存在着一定的资金空转现象。此外，我们还可观察企业定期存款和非银存款等的规模大小。若规模过大且增长较快，则说明企业的资金并没有投入到实体经济进行生产，而是发生了资金的空转。考虑到美国是以直接融资为主的经济体，我们还需要研究M2增量与直接融资额之间的相关关系。若直接融资增长低于M2，则说明投放出的货币没有直接向企业输血，资金在市场中存在空转现象。美国放水可能已经造成资金空转首先，我们可通过M2与GDP的关系来研究资金空转的现象。在观察M2的具体变化前，我们需要先了解美国的M2衡量了什么。美国M2=流通中的现金+企业活期存款+企业小额定期存款（不含10万美元以上的）+居民储蓄存款+零售货币基金+其他存款；中国M2=流通中的现金+企业活期存款+企业定期存款+居民储蓄存款+其他存款，其中其他存款包括了货币类基金。相比之下，美国M2少记了企业的大额定期存款。因此，美国M2低估了实际的货币流通量。宏观上来看，2008年以前，美国的M2增速与GDP增速相关性较弱；2008年以后，二者相关性较强。我们可以看到，美国GDP增速与M2增速的趋势在2020年有了巨大的转变：M2增速达到25.78%，而GDP增长率仅为-2.30%。货币量的猛增给金融体系带来了过剩的流动性，宏观杠杆率有所提高。根据上面的描述，即使M2对于货币的衡量有所低估，但其增速依然超过了正常水平，因此我们认为美国很有可能出现了资金空转的现象。整体来看，大多数年份的企业信贷规模的增速会略小于M2增速，企业信贷增速反映了资金进入实体经济中的量。在2020年M2增速高达25.78%的情况下，美国企业信贷增速仅为9.38%。考虑到M2不含企业大额定期存款，二者之间的实际差距将会更大。因此，大量的货币投放暂未转换成实际的信贷需求。由于货币投放与信贷存在一定的滞后效应，因此需要密切关注2021年信贷增速的情况。若企业信贷规模增速仍远小于M2，那么资金空转的情况就会表现得更加严重。非金融企业部门的定期和储蓄存款增速提高，资金空转现象加剧。2010-2019年，该存款规模增速的峰值为7.60%，部分年份保持低位甚至负值。2020年，该存款规模达到1.50万亿美元，同比增长14.63%，增速水平超过了2008年金融危机时的水平（2009年同比增长14.38%）。这说明非金融企业的闲置资金又进入了金融体系，没有很好地服务到实体经济。考虑到美国市场以直接融资为主，我们还需要研究股票和债券融资与M2之间的关系。由于国债等债券类型并非直接与实体经济连接，我们在此仅采用企业债券的数额来讨论用于实体经济的融资量。由于股票融资和债券融资受季节性因素和财政因素影响较大，月度差异比较明显，因此我们直接从绝对量上观察其变化的情况，并从季度同比增速方面分析未来的趋势。从绝对规模上来看，M2在2020年3-6月时的规模扩张极快，大部分资金并未通过直接融资的方式吸收。近期，债券融资额逐渐与M2增量持平，但2021年3月差距再次拉大。可见从直接融资方式来观察，美国市场仍然存在着一定程度的资金空转。由于2020年美国货币放水严重以及疫情对融资产生一定的影响，M2数据和直接融资数据均失真明显，在计算2021年3月的季度同比增速时，我们以2019年为基准计算两年的年均复合增长率。M2在2020年前两季度的同比增速远远高于直接融资的同比增速，虽然在2020年第四季度低于股票融资的同比增速，但进入2021年后，M2增量的同比增速依旧遥遥领先。2021年3月，M2增量同比增加137.13%，而股票融资额同比增加77.51%，债券融资额同比增加24.06%。美国的资金空转情况仍未得到缓解。综上，美国在疫情发生以来的大放水后，已经在市场上积累了过剩的流动性。从宏观和实体经济的表现来看，资金空转现象有所加剧，资金规模的膨胀没有产生对应的经济效益，为金融系统积聚了大量的风险。美国资金空转的后续影响积极的财政政策料将伴随着美国的经济复苏，短时间内放水预计仍将持续。由于美国市场的利率维持在零水平，并已经启动无限量QE，货币政策继续放水的可操作空间很小，目前的放水主要依靠财政刺激。拜登上任初提出的1.9万亿美元财政刺激计划远超市场预期，其直接启用预算和解程序以成功签署财政刺激法案的做法也出乎市场预料。拜登通过一系列政策手段向市场明示其执政作风，积极的财政政策料将伴随着美国的经济复苏，短时间内预计放水仍将持续。而拜登基建计划的资金来源仍需要发债筹集，过快收缩流动性也会与财政目的相冲突。虽然在疫苗接种背景下，疫情全面好转，全球经济显著回升，但考虑到就业等因素，预计美联储对通胀以及资金空转的容忍度还将维持一段时间。货币政策方面，北京时间4月29日凌晨，美联储公布4月议息会议结果：基准利率将维持在0-0.25%不变，重申将维持利率在当前水平直至确信经济度过危机，实现其最大就业和物价稳定的双重目标；同时，在最大就业和价格稳定目标方面取得实质性进展之前，资产回购也不会停止。我们认为，美国资金空转的程度较高，虽然当前经济还处于复苏进程中，考虑到就业等因素仍会保持现行的宽松政策。但如果通胀持续高企，资金空转状况又没有明显改观，大量资金持续涌入房地产等市场而非支持实体经济，对于金融风险的顾虑或将会成为美联储等监管部门的另一层重要考量，届时提前退出货币宽松政策的市场预期很可能成为现实。如果美国后续货币宽松政策退出，对于美国经济和资本市场会产生负面影响。从历史经验来看，第一，会直接制约房地产市场。金融稳定很大程度上需要观察房地产，最近美国房地产市场一直上涨，那么收紧政策后，利率的上升会抑制居民购房需求，导致房地产销量下滑。第二，投资下降后会使得中上游行业的需求逐渐放缓，工业生产下滑，甚至导致居民收入增速下降，拖累私人消费，从而带来整体经济复苏减慢。第三，流动性收紧也会制约资本市场，尤其是美股的表现。除了企业盈利下滑对股市有不利影响外，美国国内流动性的收紧，也直接导致美股产生波动，美债收益率也会随之上升。从历史上来看，在2012年、2016年以及2018年面对流动性紧张时，美股美债表现均明显回落，与美联储的持续加息有直接的关系。未来如果美联储退出宽松政策，中美利差缩小，则不排除我国货币政策边际收紧的可能，这也是我们目前需要对美国大放水提高警惕的原因。国内宏观工业生产维持强势。2021年4月规模以上工业增加值同比增长9.8%，比2019年同期增长14.1%，两年平均增长6.8%。两年平均工业增加值增速在3月的回落和4月的回升并不意外，因为两年平均的重要前提就是以2019年同期为基数，而2019年的基数效应会对两年平均的工业增加值形成扰动。2019年3月是典型的高基数，2019年4月是低基数，因此才会出现今年3-4月的上下波动，实际上工业生产一直都处在比较强的状态。这一点可以从需求端——房地产投资以及出口数据当中得到侧面印证，短期来看工业的这一趋势仍然难以证伪。地产投资更加强势，但前瞻指标并不乐观。4月全国房地产开发投资同比增长13.7%，两年平均10.3%，较3月有所上行。尽管地产投资的数据表现非常强势，但前瞻指标均有所回落。从开发环节上看，开工、竣工均明显收缩。资金来源方面，4月房地产开发资金来源两年平均增长9.1%，介于1-2月和3月之间，国内银行贷款的压力比3月小幅减轻。预计年内地产投资或将逐渐开启下行进程。制造业投资温和回暖，基建投资小幅回落。4月制造业投资两年平均增速显著回正，增长3.4%。行业维度看，基本面向好的行业率先反弹，化工、医药、专用设备、电气机械、计算机电子通信设备等行业的两年平均增速均较上月有所回升。严控地方政府隐性债务的背景下，基建投资仍然面临约束，料很难出现大幅上行；但专项债供给充足也会支撑基建投资，后续基建投资有望在较低的增速水平上走稳。消费超季节性回落。环比来看，4月份原本是消费淡季，往年会较3月下降3%左右，但今年4月环比下降了6.6%，说明消费有所走弱。从各分项消费看，除烟酒、金银珠宝和家具两年复合增速较上月继续回升之外，其他细分项两年复合增速均有所下滑。4月清明节的旅游收入只恢复到疫情前的56.7%，也反映了4月的消费修复仍然不充分。虽然如此，消费改善的趋势是相对确定的，“五一”的旅游数据较清明节已经有了显著的改善。失业率回到疫情前水平。4月份，全国城镇调查失业率为5.1%，比3月份下降0.2个百分点，比上年同期下降0.9个百分点。31个大城市城镇调查失业率为5.2%，比3月份下降0.1个百分点。失业率大致回到了疫情前水平。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"UPRO":0.9,"ESmain":0.9,"PSQ":0.9,"QID":0.9,"ZFmain":0.9,"OEX":0.9,"SDOW":0.9,"SQQQ":0.9,"DXD":0.9,"TNmain":0.9,"DOG":0.9,"SSO":0.9,"ZTmain":0.9,"SPY":0.9,"NQmain":0.9,"IVV":0.9,"QLD":0.9,".DJI":0.9,"DJX":0.9,".IXIC":0.9,"MNQmain":0.9,"SPXU":0.9,"QQQ":0.9,"TQQQ":0.9,"OEF":0.9,"ZBmain":0.9,"SH":0.9,"UDOW":0.9,"SDS":0.9,"ZNmain":0.9,".SPX":0.9,"UBmain":0.9,"DDM":0.9}},"isVote":1,"tweetType":1,"viewCount":438,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":195878150,"gmtCreate":1621289177170,"gmtModify":1704355061215,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/195878150","repostId":"1117602887","repostType":4,"repost":{"id":"1117602887","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621265297,"share":"https://ttm.financial/m/news/1117602887?lang=en_US&edition=fundamental","pubTime":"2021-05-17 23:28","market":"us","language":"zh","title":"Western Digital rose more than 7% to $77.14 intraday, hitting a 52-week high","url":"https://stock-news.laohu8.com/highlight/detail?id=1117602887","media":"老虎资讯综合","summary":"5月17日，西部数据盘中走高，现涨7.1%，报77.14美元，创52周新高。","content":"<p>May 17,<a href=\"https://laohu8.com/S/WDC\">Western Digital</a>It rose intraday and is now up 7.1% at $77.14, a 52-week high.</p><p><img src=\"https://static.tigerbbs.com/d25d9cb1c668618726ad98c02c69b486\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Western Digital rose more than 7% to $77.14 intraday, hitting a 52-week high</title>\n<style 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#7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWestern Digital rose more than 7% to $77.14 intraday, hitting a 52-week high\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-05-17 23:28</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>May 17,<a href=\"https://laohu8.com/S/WDC\">Western Digital</a>It rose intraday and is now up 7.1% at $77.14, a 52-week high.</p><p><img src=\"https://static.tigerbbs.com/d25d9cb1c668618726ad98c02c69b486\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5d1fe578ee46cbe0d24c33435ff25ae5","relate_stocks":{"WDC":"西部数据"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117602887","content_text":"5月17日，西部数据盘中走高，现涨7.1%，报77.14美元，创52周新高。","news_type":1,"symbols_score_info":{"WDC":0.9}},"isVote":1,"tweetType":1,"viewCount":469,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}