Acestars personal page - To The Moon

Acestars

Acestars

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2022-01-30

yea

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2022-01-29

yea

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2021-02-23

comment pls

Ant-backed MYbank joins China's digital yuan pilot

2021-02-26

yes

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2021-05-02

gogogo

2021-07-18

gogogo

2021-07-15

gogogo

2021-07-12

gogogo

2021-07-02

gogogo

2021-05-23

gogogo

2021-05-20

gogogo

2021-05-16

gogogo

2021-04-18

gogogo

2021-03-20

hello

2021-02-26

great

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2021-02-25

great

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2021-02-25

omg

The days of easy money in the stock market are now over

2021-02-23

great

Why This Bull Market Shows No Sign of Ending Soon

2021-02-22

lets go

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2021-02-19

oh no

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Go to Tiger App to see more news

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Join the game and win a bonus of up to USD 2022 and limited-edition Tiger Toys Spring Festival and Winter Olympic are both on the way, open your Tiger Trade App and play the ski game with us, win golden medals as many as you can! You could have chance to try Lucky Draw when you win medals.The more medal you win, the bigger bonus you may win! Big Rewards are as follow: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/happy-new-year/#/\" target=\"_blank\">Click to Join the Game</a>","text":"2022 is the Year of Tiger in Chinese lunar calendar, it’s also a special year for Tiger Brokers. To celebrate the special year, we want to invite you to join the ski game presented by Tiger Brokers specially, and it’s very easy and interesting game for users to play. Join the game and win a bonus of up to USD 2022 and limited-edition Tiger Toys Spring Festival and Winter Olympic are both on the way, open your Tiger Trade App and play the ski game with us, win golden medals as many as you can! You could have chance to try Lucky Draw when you win medals.The more medal you win, the bigger bonus you may win! Big Rewards are as follow: Click to Join the Game","images":[{"img":"https://static.tigerbbs.com/a7b44fa056439fb4010fa55e163d27c3","width":"750","height":"1726"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9004448317","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1907,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9093068003,"gmtCreate":1643461158146,"gmtModify":1676533822967,"author":{"id":"3571037900661236","authorId":"3571037900661236","name":"Acestars","avatar":"https://static.tigerbbs.com/cb536be016acf6e75b6c4b057fc2395b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571037900661236","authorIdStr":"3571037900661236"},"themes":[],"htmlText":"yea","listText":"yea","text":"yea","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9093068003","repostId":"2207877131","repostType":4,"isVote":1,"tweetType":1,"viewCount":513,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9093061753,"gmtCreate":1643461098915,"gmtModify":1676533822967,"author":{"id":"3571037900661236","authorId":"3571037900661236","name":"Acestars","avatar":"https://static.tigerbbs.com/cb536be016acf6e75b6c4b057fc2395b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571037900661236","authorIdStr":"3571037900661236"},"themes":[],"htmlText":"gogogo","listText":"gogogo","text":"gogogo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9093061753","repostId":"1126017084","repostType":4,"repost":{"id":"1126017084","kind":"news","pubTimestamp":1643441538,"share":"https://ttm.financial/m/news/1126017084?lang=en_US&edition=fundamental","pubTime":"2022-01-29 15:32","market":"us","language":"en","title":"Why Mastercard Stock Blasted 9% Higher Today","url":"https://stock-news.laohu8.com/highlight/detail?id=1126017084","media":"Motley Fool","summary":"Mastercard exited 2021 in style, delivering a fourth quarter that handily beat estimates and demonst","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/MA\"><b>Mastercard</b></a> exited 2021 in style, delivering a fourth quarter that handily beat estimates and demonstrated that the company&#39;s business is continuing to grow robustly. After it posted those quarterly figures early on Thursday, several analysts upped their price targets on the stock the following day. These developments drew investors back to the payment card giant&#39;s shares, which closed over 9% higher.</p><p>So what</p><p>For the quarter, Mastercard&#39;s net revenue surged 27% higher year over year to $5.2 billion, whilenon-GAAP(adjusted) net income improved by 41% to $2.3 billion ($2.35 per share). On average, analysts had been forecasting $5.17 billion on the top line, with an adjusted per-share net profit of only $2.21.</p><p>Two of those analysts,<b>Morgan Stanley</b>&#39;s James Faucette and BMO Capital&#39;s James Fotheringham, both raised their price targets on Mastercard stock in the wake of the earnings release.</p><p>Both did so incrementally, with Faucette adding $1 for a new target of $449 per share and Fotheringham lifting his by $2 to $401. Both analysts are also reiterating the equivalent of a buy recommendation on the stock.</p><p>In particular, Faucette is cheered by the resilience of consumer spending on travel, an important part of the company&#39;s business.</p><p>&#34;We found it encouraging that [Mastercard management] reiterated their expectation that cross-border travel can return to 2019&#39;s levels by year-end 2022, despite market concern that omicron and/or potential future variants may have pushed the outlook,&#34; the analyst wrote in a new research note.</p><p>Now what</p><p>While thetravel sectorhas been admirably resilient in the face of the coronavirus lately, it&#39;s set to really take off (no pun intended) when/if the threat recedes sharply. On top of that, the &#34;war on cash&#34; isn&#39;t over, and the best digital and card payment processors are on the winning side. Both trends were apparent in Mastercard&#39;s Q4, so its Friday share price pop was entirely justified.</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>Why Mastercard Stock Blasted 9% Higher Today</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\">\nWhy Mastercard Stock Blasted 9% Higher Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-29 15:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/01/28/why-mastercard-stock-blasted-9-higher-today/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Mastercard exited 2021 in style, delivering a fourth quarter that handily beat estimates and demonstrated that the company's business is continuing to grow robustly. After it posted those quarterly ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/01/28/why-mastercard-stock-blasted-9-higher-today/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MA":"万事达"},"source_url":"https://www.fool.com/investing/2022/01/28/why-mastercard-stock-blasted-9-higher-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126017084","content_text":"Mastercard exited 2021 in style, delivering a fourth quarter that handily beat estimates and demonstrated that the company's business is continuing to grow robustly. After it posted those quarterly figures early on Thursday, several analysts upped their price targets on the stock the following day. These developments drew investors back to the payment card giant's shares, which closed over 9% higher.So whatFor the quarter, Mastercard's net revenue surged 27% higher year over year to $5.2 billion, whilenon-GAAP(adjusted) net income improved by 41% to $2.3 billion ($2.35 per share). On average, analysts had been forecasting $5.17 billion on the top line, with an adjusted per-share net profit of only $2.21.Two of those analysts,Morgan Stanley's James Faucette and BMO Capital's James Fotheringham, both raised their price targets on Mastercard stock in the wake of the earnings release.Both did so incrementally, with Faucette adding $1 for a new target of $449 per share and Fotheringham lifting his by $2 to $401. Both analysts are also reiterating the equivalent of a buy recommendation on the stock.In particular, Faucette is cheered by the resilience of consumer spending on travel, an important part of the company's business.\"We found it encouraging that [Mastercard management] reiterated their expectation that cross-border travel can return to 2019's levels by year-end 2022, despite market concern that omicron and/or potential future variants may have pushed the outlook,\" the analyst wrote in a new research note.Now whatWhile thetravel sectorhas been admirably resilient in the face of the coronavirus lately, it's set to really take off (no pun intended) when/if the threat recedes sharply. On top of that, the \"war on cash\" isn't over, and the best digital and card payment processors are on the winning side. Both trends were apparent in Mastercard's Q4, so its Friday share price pop was entirely 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pls","listText":"comment pls","text":"comment pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/369859017","repostId":"1135994288","repostType":4,"repost":{"id":"1135994288","kind":"news","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":1613988980,"share":"https://ttm.financial/m/news/1135994288?lang=en_US&edition=fundamental","pubTime":"2021-02-22 18:16","market":"us","language":"en","title":"Ant-backed MYbank joins China's digital yuan pilot","url":"https://stock-news.laohu8.com/highlight/detail?id=1135994288","media":"Reuters","summary":"The online bank backed by Alibaba’s fintech giant Ant Group has joined China’s digital yuan pilot programme, it said on Monday, as the Beijing’s expands trials aimed at eventually rolling out the electronic currency for mass use.Ant-backed MYBank said it was one of the parties participating in the research and development on China’s e-currency. It plans to “advance the trial pursuant to the overall arrangement of the People’s Bank of China,” said a bank’s spokesperson.China’s central bank’s digi","content":"<p>The online bank backed by Alibaba’s fintech giant Ant Group has joined China’s digital yuan pilot programme, it said on Monday, as the Beijing’s expands trials aimed at eventually rolling out the electronic currency for mass use.</p>\n<p>Ant-backed MYBank said it was one of the parties participating in the research and development on China’s e-currency. It plans to “advance the trial pursuant to the overall arrangement of the People’s Bank of China(PBOC),” said a bank’s spokesperson.</p>\n<p>China’s central bank’s digital currency pilot has to date mainly been publicly by state-owned banks, instead of privately-owned banks.</p>\n<p>Tencent Holdings backed WeBank is also participating in the digital yuan pilot, the state-backed China Securities News said in a Feb. 20 report, in which it also mentioned MYBank’s involvement. WeBank declined to comment.</p>\n<p>MYbank and WeBank’s services will soon be introduced to the PBOC’s digital yuan app, according to China Securities News and a screenshot of the app seen by Reuters. The e-wallets from the two privately-owned lenders will be similar to the functions offered by the six state-owned lenders in the trial, the newspaper added.</p>\n<p>China is a front-runner in the global race to launch central bank digital currencies and has so far held domestic trials in several major cities including Shenzhen, Chengdu and Hangzhou.</p>\n<p>More than 2 billion yuan ($309.30 million) has been spent using China’s new digital currency so far in 4 million separate transactions, the PBOC governor Yi Gang told reporters in November.</p>\n<p>($1 = 6.4662 Chinese yuan renminbi)</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>Ant-backed MYbank joins China's digital yuan pilot</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\">\nAnt-backed MYbank joins China's digital yuan pilot\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\">2021-02-22 18:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>The online bank backed by Alibaba’s fintech giant Ant Group has joined China’s digital yuan pilot programme, it said on Monday, as the Beijing’s expands trials aimed at eventually rolling out the electronic currency for mass use.</p>\n<p>Ant-backed MYBank said it was one of the parties participating in the research and development on China’s e-currency. It plans to “advance the trial pursuant to the overall arrangement of the People’s Bank of China(PBOC),” said a bank’s spokesperson.</p>\n<p>China’s central bank’s digital currency pilot has to date mainly been publicly by state-owned banks, instead of privately-owned banks.</p>\n<p>Tencent Holdings backed WeBank is also participating in the digital yuan pilot, the state-backed China Securities News said in a Feb. 20 report, in which it also mentioned MYBank’s involvement. WeBank declined to comment.</p>\n<p>MYbank and WeBank’s services will soon be introduced to the PBOC’s digital yuan app, according to China Securities News and a screenshot of the app seen by Reuters. The e-wallets from the two privately-owned lenders will be similar to the functions offered by the six state-owned lenders in the trial, the newspaper added.</p>\n<p>China is a front-runner in the global race to launch central bank digital currencies and has so far held domestic trials in several major cities including Shenzhen, Chengdu and Hangzhou.</p>\n<p>More than 2 billion yuan ($309.30 million) has been spent using China’s new digital currency so far in 4 million separate transactions, the PBOC governor Yi Gang told reporters in November.</p>\n<p>($1 = 6.4662 Chinese yuan renminbi)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","BABA":"阿里巴巴","06688":"蚂蚁集团"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135994288","content_text":"The online bank backed by Alibaba’s fintech giant Ant Group has joined China’s digital yuan pilot programme, it said on Monday, as the Beijing’s expands trials aimed at eventually rolling out the electronic currency for mass use.\nAnt-backed MYBank said it was one of the parties participating in the research and development on China’s e-currency. It plans to “advance the trial pursuant to the overall arrangement of the People’s Bank of China(PBOC),” said a bank’s spokesperson.\nChina’s central bank’s digital currency pilot has to date mainly been publicly by state-owned banks, instead of privately-owned banks.\nTencent Holdings backed WeBank is also participating in the digital yuan pilot, the state-backed China Securities News said in a Feb. 20 report, in which it also mentioned MYBank’s involvement. WeBank declined to comment.\nMYbank and WeBank’s services will soon be introduced to the PBOC’s digital yuan app, according to China Securities News and a screenshot of the app seen by Reuters. The e-wallets from the two privately-owned lenders will be similar to the functions offered by the six state-owned lenders in the trial, the newspaper added.\nChina is a front-runner in the global race to launch central bank digital currencies and has so far held domestic trials in several major cities including Shenzhen, Chengdu and Hangzhou.\nMore than 2 billion yuan ($309.30 million) has been spent using China’s new digital currency so far in 4 million separate transactions, the PBOC governor Yi Gang told reporters in November.\n($1 = 6.4662 Chinese yuan renminbi)","news_type":1,"symbols_score_info":{"688688":0.9,"09988":0.9,"06688":0.9,"BABA":0.9}},"isVote":1,"tweetType":1,"viewCount":608,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":368495231,"gmtCreate":1614345301523,"gmtModify":1704770960261,"author":{"id":"3571037900661236","authorId":"3571037900661236","name":"Acestars","avatar":"https://static.tigerbbs.com/cb536be016acf6e75b6c4b057fc2395b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571037900661236","authorIdStr":"3571037900661236"},"themes":[],"htmlText":"yes","listText":"yes","text":"yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/368495231","repostId":"1181374212","repostType":4,"isVote":1,"tweetType":1,"viewCount":559,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3570278985054387","authorId":"3570278985054387","name":"Hashreen","avatar":"https://static.tigerbbs.com/2fdcbd3e2f557176b591e8d1c7045dbb","crmLevel":11,"crmLevelSwitch":0,"idStr":"3570278985054387","authorIdStr":"3570278985054387"},"content":"comment 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17:55","market":"us","language":"en","title":"The days of easy money in the stock market are now over","url":"https://stock-news.laohu8.com/highlight/detail?id=1197533827","media":"MarketWatch","summary":"Get ready for a return to normal. Lucid’s SPAC and ARK Invest’s ETFs carry the whiff of the late-199","content":"<p>Get ready for a return to normal. Lucid’s SPAC and ARK Invest’s ETFs carry the whiff of the late-1990s technology bubble.</p>\n<p>Ignore stock valuations and companies’ fundamentals at your peril.</p>\n<p>Churchill Capital Corp. ,a special purpose acquisition company (SPAC) that had been rumored to merge with a Tesla-wannabe, Lucid Motors, finally announced Monday night that it is indeed going to do so. And in a classic Wall Street reaction, the market “sold the news” after long having “bought the rumor.”</p>\n<p>CCIV was up 500% from when it went public as a blank-check company, and today the stock market has wiped half of what its market value was perceived to be Monday at noon. This is a stock that I had warned about earlier this month as one of the many “Random Number Generators” (RNGs) that should be avoided. People and institutions who had for weeks been buying CCIV at $40, $50, $60 or even $70 per share have suddenly seen a huge wipeout of value.</p>\n<p>They’re now, maybe, looking around at their other RNG SPACs and wondering if they should actually look at the valuations.</p>\n<p>Reviewing this week’s ugly stock-market action in a broader context, you might note that Tesla Inc.&nbsp;at $900 — after the company reported a not-so-great quarter that included some questions about gross margin expansion — is looking like it could have been a top-maker itself.</p>\n<p>Many questionable EV stocks continued to rally for a week or two before getting their comeuppance this week. At least for a day or two. It will be interesting to look back in a month to see what the non-TSLA EV stocks do from here. I expect most to move much lower even than today’s quotes, which are much lower than last week’s quotes.</p>\n<p><b>Piling into ARK</b></p>\n<p>These days everybody wants to be Cathie Wood from ARK Invest. She was an early bull on Tesla and bitcoinBTCUSD,6.03%and some of the the other themes that long-time followers of mine and I got into even earlier than she did. Her actively managed ETF, ARK Innovation ETF&nbsp;being the most famous, has performed very well, and her commentary has been spot on for a couple years now.</p>\n<p>But I have bad news. Even as I am a fan of Cathie’s and wish her and her investors all the best, I can’t help but think of the story of George Gilder, with whom I’ve become friends in the decades since&nbsp;I wrote this in 2001 for TheStreet.com.&nbsp;(I just realized this article was published just two weeks after 9/11.):</p>\n<p><i>“Investors need to heed a few rules when evaluating companies in their portfolio: Cash is king, as cash flow becomes increasingly difficult to judge on an ongoing basis. As such, a simple glance at a company’s balance sheet can tell you a lot about whether it’s worthy of investment. Now that the huge daily run-ups of telco stocks are gone forever, the potential rewards of any business with questionable viability aren’t worth the risk of your capital. Look for real revenue on the books. As tech guru George Gilder and his followers have learned (at least, I hope they have by now), great technology doesn’t translate into a great investment. Companies need sales channels, and they need products for which there are immediate uses. You might be surprised that I didn’t mention profitability in that list. Profitability is naturally important, but even companies like Cisco probably won’t be profitable this quarter and perhaps for several more, as they’ll have to continue aligning capacity, employees and inventory with demand.</i></p>\n<p><i>Let me repeat the caveat here: You’ll never see the type of returns, at least in telecom and telecom-tech stocks, that we saw almost daily in the late 1990s. That’s another reason why these tech mutual fund guys, who keep preaching to stay the course, will take forever to get back to even.”</i></p>\n<p><b>The hangover</b></p>\n<p>Telecom and telecom-tech stocks never again saw the kind of returns they did back in the late 1990s. I think the same can be said of EV stocks and many other of the favorites that Cathie Wood and her crowd of blind followers are these days plowing into as they put their money to work regardless of valuations.</p>\n<p>Here’s what George had to say&nbsp;in 2002:</p>\n<p><i>“In retrospect, it’s obvious that I should’ve subtly said, ‘Hey, things have gotten out of hand at JDS Uniphase, and it’s not worth what you’d have to pay for it,’” he says. Each month, he thought about providing a warning to his subscribers, and he decided against it every time. He had witnessed firsthand what others had dubbed the “Gilder effect”: the steep spike in a stock after he added that company to his list. It wasn’t unheard of for the price of a stock to jump by more than 50 percent within an hour of a newsletter’s release. If I had said, ‘Hey, this is a top, you should all sell,’ it would’ve been a cataclysmic event,” he says. “I’d think about telling people that they should sell half their holdings, and each time I’d conclude that my subscribers would be enraged. I also wondered what I’d precipitate if I did it.” Fully 50 percent of his readers had signed up for the report at what Gilder now calls the “hysterical peak” of the market. “Half of my subscribers would have been eternally grateful [for a warning], but the other half – the new ones – would’ve been enraged because they had just come in,” he says. “It was quite terrifying. I really didn’t know what to do.” In the end he did nothing. And soon enough, he had an entirely new set of distractions to fret over. “In the past, we’d sell out our investor conferences within two weeks,” Gilder says. “But in 2001, we sent out the same literature and the same invitations, and five or seven people signed up.” He lost the deposits that were placed to reserve hotel space for the gatherings. Newsletter renewal rates plummeted. A huge tax bill came due. By spring 2002, he’d laid off nearly half of his staff. “You can be just fabulously flush one moment, and then the next, you can’t make that last million-dollar payment to your partners, and there’s suddenly a lien on your house,” he says.</i></p>\n<p>Many of the best stocks on George’s list at the top in 1999 ended up going down 99% or more. Many went to zero, even as their technologies and ideas carried on and built the internet we all use every day now.</p>\n<p>CCIV is likely a harbinger of more pain for those who ignore valuations and fundamentals.</p>","source":"market_watch","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 days of easy money in the stock market are now over</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\">\nThe days of easy money in the stock market are now over\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-24 17:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/the-days-of-easy-money-in-the-stock-market-are-now-over-11614104263?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Get ready for a return to normal. Lucid’s SPAC and ARK Invest’s ETFs carry the whiff of the late-1990s technology bubble.\nIgnore stock valuations and companies’ fundamentals at your peril.\nChurchill ...</p>\n\n<a href=\"https://www.marketwatch.com/story/the-days-of-easy-money-in-the-stock-market-are-now-over-11614104263?mod=home-page\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","ARKK":"ARK Innovation ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/the-days-of-easy-money-in-the-stock-market-are-now-over-11614104263?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1197533827","content_text":"Get ready for a return to normal. Lucid’s SPAC and ARK Invest’s ETFs carry the whiff of the late-1990s technology bubble.\nIgnore stock valuations and companies’ fundamentals at your peril.\nChurchill Capital Corp. ,a special purpose acquisition company (SPAC) that had been rumored to merge with a Tesla-wannabe, Lucid Motors, finally announced Monday night that it is indeed going to do so. And in a classic Wall Street reaction, the market “sold the news” after long having “bought the rumor.”\nCCIV was up 500% from when it went public as a blank-check company, and today the stock market has wiped half of what its market value was perceived to be Monday at noon. This is a stock that I had warned about earlier this month as one of the many “Random Number Generators” (RNGs) that should be avoided. People and institutions who had for weeks been buying CCIV at $40, $50, $60 or even $70 per share have suddenly seen a huge wipeout of value.\nThey’re now, maybe, looking around at their other RNG SPACs and wondering if they should actually look at the valuations.\nReviewing this week’s ugly stock-market action in a broader context, you might note that Tesla Inc. at $900 — after the company reported a not-so-great quarter that included some questions about gross margin expansion — is looking like it could have been a top-maker itself.\nMany questionable EV stocks continued to rally for a week or two before getting their comeuppance this week. At least for a day or two. It will be interesting to look back in a month to see what the non-TSLA EV stocks do from here. I expect most to move much lower even than today’s quotes, which are much lower than last week’s quotes.\nPiling into ARK\nThese days everybody wants to be Cathie Wood from ARK Invest. She was an early bull on Tesla and bitcoinBTCUSD,6.03%and some of the the other themes that long-time followers of mine and I got into even earlier than she did. Her actively managed ETF, ARK Innovation ETF being the most famous, has performed very well, and her commentary has been spot on for a couple years now.\nBut I have bad news. Even as I am a fan of Cathie’s and wish her and her investors all the best, I can’t help but think of the story of George Gilder, with whom I’ve become friends in the decades since I wrote this in 2001 for TheStreet.com. (I just realized this article was published just two weeks after 9/11.):\n“Investors need to heed a few rules when evaluating companies in their portfolio: Cash is king, as cash flow becomes increasingly difficult to judge on an ongoing basis. As such, a simple glance at a company’s balance sheet can tell you a lot about whether it’s worthy of investment. Now that the huge daily run-ups of telco stocks are gone forever, the potential rewards of any business with questionable viability aren’t worth the risk of your capital. Look for real revenue on the books. As tech guru George Gilder and his followers have learned (at least, I hope they have by now), great technology doesn’t translate into a great investment. Companies need sales channels, and they need products for which there are immediate uses. You might be surprised that I didn’t mention profitability in that list. Profitability is naturally important, but even companies like Cisco probably won’t be profitable this quarter and perhaps for several more, as they’ll have to continue aligning capacity, employees and inventory with demand.\nLet me repeat the caveat here: You’ll never see the type of returns, at least in telecom and telecom-tech stocks, that we saw almost daily in the late 1990s. That’s another reason why these tech mutual fund guys, who keep preaching to stay the course, will take forever to get back to even.”\nThe hangover\nTelecom and telecom-tech stocks never again saw the kind of returns they did back in the late 1990s. I think the same can be said of EV stocks and many other of the favorites that Cathie Wood and her crowd of blind followers are these days plowing into as they put their money to work regardless of valuations.\nHere’s what George had to say in 2002:\n“In retrospect, it’s obvious that I should’ve subtly said, ‘Hey, things have gotten out of hand at JDS Uniphase, and it’s not worth what you’d have to pay for it,’” he says. Each month, he thought about providing a warning to his subscribers, and he decided against it every time. He had witnessed firsthand what others had dubbed the “Gilder effect”: the steep spike in a stock after he added that company to his list. It wasn’t unheard of for the price of a stock to jump by more than 50 percent within an hour of a newsletter’s release. If I had said, ‘Hey, this is a top, you should all sell,’ it would’ve been a cataclysmic event,” he says. “I’d think about telling people that they should sell half their holdings, and each time I’d conclude that my subscribers would be enraged. I also wondered what I’d precipitate if I did it.” Fully 50 percent of his readers had signed up for the report at what Gilder now calls the “hysterical peak” of the market. “Half of my subscribers would have been eternally grateful [for a warning], but the other half – the new ones – would’ve been enraged because they had just come in,” he says. “It was quite terrifying. I really didn’t know what to do.” In the end he did nothing. And soon enough, he had an entirely new set of distractions to fret over. “In the past, we’d sell out our investor conferences within two weeks,” Gilder says. “But in 2001, we sent out the same literature and the same invitations, and five or seven people signed up.” He lost the deposits that were placed to reserve hotel space for the gatherings. Newsletter renewal rates plummeted. A huge tax bill came due. By spring 2002, he’d laid off nearly half of his staff. “You can be just fabulously flush one moment, and then the next, you can’t make that last million-dollar payment to your partners, and there’s suddenly a lien on your house,” he says.\nMany of the best stocks on George’s list at the top in 1999 ended up going down 99% or more. Many went to zero, even as their technologies and ideas carried on and built the internet we all use every day now.\nCCIV is likely a harbinger of more pain for those who ignore valuations and fundamentals.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,"ARKK":0.9,"TSLA":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":469,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369850448,"gmtCreate":1614031202684,"gmtModify":1704887072025,"author":{"id":"3571037900661236","authorId":"3571037900661236","name":"Acestars","avatar":"https://static.tigerbbs.com/cb536be016acf6e75b6c4b057fc2395b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571037900661236","authorIdStr":"3571037900661236"},"themes":[],"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/369850448","repostId":"1175531691","repostType":4,"repost":{"id":"1175531691","kind":"news","pubTimestamp":1613975009,"share":"https://ttm.financial/m/news/1175531691?lang=en_US&edition=fundamental","pubTime":"2021-02-22 14:23","market":"us","language":"en","title":"Why This Bull Market Shows No Sign of Ending Soon","url":"https://stock-news.laohu8.com/highlight/detail?id=1175531691","media":"Barrons","summary":"The economic data this past week largely underscored the market’s apparent conviction that a rapid r","content":"<p>The economic data this past week largely underscored the market’s apparent conviction that a rapid recovery is under way. Cyclical equities rose, bonds fell, and investors wrung their hands about higher yields threatening the stock market.</p>\n<p>Januaryretail sales jumped 5.3%from December and 7.4% from a year earlier, handily beating expectations—and the January producer-price index likewise surprised to the upside. Thursday morning’s initial jobless claims figures for the latest weekbroke a several-week trendof declines, while the prior week’s tally was revised higher. But then on Friday, February PMIs from IHS Markit decidedly underscored the health of the recovery: The manufacturing subindex held just below its recent peak, while the services component hit a six-year high.</p>\n<p>TheAtlanta Fed’s GDPNow modelnow points to real gross-domestic-product growth at a whopping 9.5% annualized rate in the first quarter. It had been below 5% just 10 days earlier, and it comes before any boost from a $1.9 trillion stimulus package.</p>\n<p>TheDow Jones Industrial Averagerose 35.92 points, or 0.11%, to 31,494.32 this past week. TheS&amp;P 500index slipped 0.71%, to 3906.71, and theNasdaq Compositelost 1.57%, to 13,874.46. The yield on the 10-year U.S. Treasury note, meanwhile, ticked up 0.145 percentage point, to 1.344%, as the price of the securities fell. Indexes near record highs and rising yields has been the basic dynamic since late last year.</p>\n<p>“The market is painting a picture of optimism: strong growth and rising, but not troublesome, inflation. We agree,” BofA Securities U.S. economist Michelle Meyer—who sees GDP growing by 6% in 2021—wrote on Friday. “But there is a delicate balance: strong growth could prompt a faster rise in rates, driving up borrowing costs and weighing on risky assets, limiting upside to economic growth.”</p>\n<p>That “delicate balance” means investors may soon be playing the kind of mind games many will remember from the first half of 2019. Back then, good economic datawasn’t always good newsfor the stock market, because it seemingly lowered the odds of the interest rate cuts the Federal Reserve ultimately followed through with. If the 2021 economic data continue to surprise to the upside, faster inflation and the speed of the recovery could force the Fed to take its foot off the gas sooner than expected, the thinking goes, and that could threaten the bull market.</p>\n<p>This time is a bit different, however, for several reasons. Benchmark interest rates are as low as they can be without being negative, andthe Fed has made it explicitthat it will tolerate periods of higher inflation to make up for past shortfalls. A rate increase is off the table until the economy and employment are in much better shape than they are now. Chairman Jerome Powell is likely to emphasize that at his Congressional testimony this coming week.</p>\n<p>And those concerns ignore the fact that yields are rising for the right reasons—because the economy is improving, and because financial markets are getting back to normal after an unprecedented shock.</p>\n<p>“If earnings growth continues to show improvement, you can absorb higher bond yields,” says Jefferies equity strategist Steven DeSanctis.</p>\n<p>Keith Lerner, chief market strategist at Truist Advisory Services, looked at 16 postwar periods in which yields rose. The S&amp;P 500 was up in 13 of those windows, with an annualized total return of 13%. In other words, rising rates and rising stocks go hand in hand more often than not. An apt parallel might be 2009, when the 10-year Treasury yield increased by 1.6 percentage points and the S&amp;P 500 returned 26%.</p>\n<p>“The tug of war over multiples and when the Fed might flinch will inject volatility, but I don’t think that ends the bull market,” he says. “It just moves us to the next phase.” An improving economy should also lower companies’ credit risk, Lerner notes, so the cost of capital needn’t move up nearly as much as yields will.</p>\n<p>Sure, under the surface there will be winners and losers from a higher-yield backdrop. High-multiple, long-duration stocks like those of many highflying software companieswill be disadvantaged. Bond-proxy sectors like utilities will appear less attractive relative to risk-free Treasuries.</p>\n<p>But the economic recovery will be expressed in higher revenue and earnings across the market. As long as those come back faster than rising yields pressure price/earnings multiples, there’s no reason why the bull market need end. Longer-term inflation is another conversation. But for the present, there are better things for stock investors to worry about than a faster-than-expected economic recovery in 2021.</p>","source":"lsy1601382232898","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>Why This Bull Market Shows No Sign of Ending Soon</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\">\nWhy This Bull Market Shows No Sign of Ending Soon\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-22 14:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/why-this-bull-market-shows-no-sign-of-ending-soon-51613781492?mod=hp_LEAD_1_B_3><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The economic data this past week largely underscored the market’s apparent conviction that a rapid recovery is under way. Cyclical equities rose, bonds fell, and investors wrung their hands about ...</p>\n\n<a href=\"https://www.barrons.com/articles/why-this-bull-market-shows-no-sign-of-ending-soon-51613781492?mod=hp_LEAD_1_B_3\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.barrons.com/articles/why-this-bull-market-shows-no-sign-of-ending-soon-51613781492?mod=hp_LEAD_1_B_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175531691","content_text":"The economic data this past week largely underscored the market’s apparent conviction that a rapid recovery is under way. Cyclical equities rose, bonds fell, and investors wrung their hands about higher yields threatening the stock market.\nJanuaryretail sales jumped 5.3%from December and 7.4% from a year earlier, handily beating expectations—and the January producer-price index likewise surprised to the upside. Thursday morning’s initial jobless claims figures for the latest weekbroke a several-week trendof declines, while the prior week’s tally was revised higher. But then on Friday, February PMIs from IHS Markit decidedly underscored the health of the recovery: The manufacturing subindex held just below its recent peak, while the services component hit a six-year high.\nTheAtlanta Fed’s GDPNow modelnow points to real gross-domestic-product growth at a whopping 9.5% annualized rate in the first quarter. It had been below 5% just 10 days earlier, and it comes before any boost from a $1.9 trillion stimulus package.\nTheDow Jones Industrial Averagerose 35.92 points, or 0.11%, to 31,494.32 this past week. TheS&P 500index slipped 0.71%, to 3906.71, and theNasdaq Compositelost 1.57%, to 13,874.46. The yield on the 10-year U.S. Treasury note, meanwhile, ticked up 0.145 percentage point, to 1.344%, as the price of the securities fell. Indexes near record highs and rising yields has been the basic dynamic since late last year.\n“The market is painting a picture of optimism: strong growth and rising, but not troublesome, inflation. We agree,” BofA Securities U.S. economist Michelle Meyer—who sees GDP growing by 6% in 2021—wrote on Friday. “But there is a delicate balance: strong growth could prompt a faster rise in rates, driving up borrowing costs and weighing on risky assets, limiting upside to economic growth.”\nThat “delicate balance” means investors may soon be playing the kind of mind games many will remember from the first half of 2019. Back then, good economic datawasn’t always good newsfor the stock market, because it seemingly lowered the odds of the interest rate cuts the Federal Reserve ultimately followed through with. If the 2021 economic data continue to surprise to the upside, faster inflation and the speed of the recovery could force the Fed to take its foot off the gas sooner than expected, the thinking goes, and that could threaten the bull market.\nThis time is a bit different, however, for several reasons. Benchmark interest rates are as low as they can be without being negative, andthe Fed has made it explicitthat it will tolerate periods of higher inflation to make up for past shortfalls. A rate increase is off the table until the economy and employment are in much better shape than they are now. Chairman Jerome Powell is likely to emphasize that at his Congressional testimony this coming week.\nAnd those concerns ignore the fact that yields are rising for the right reasons—because the economy is improving, and because financial markets are getting back to normal after an unprecedented shock.\n“If earnings growth continues to show improvement, you can absorb higher bond yields,” says Jefferies equity strategist Steven DeSanctis.\nKeith Lerner, chief market strategist at Truist Advisory Services, looked at 16 postwar periods in which yields rose. The S&P 500 was up in 13 of those windows, with an annualized total return of 13%. In other words, rising rates and rising stocks go hand in hand more often than not. An apt parallel might be 2009, when the 10-year Treasury yield increased by 1.6 percentage points and the S&P 500 returned 26%.\n“The tug of war over multiples and when the Fed might flinch will inject volatility, but I don’t think that ends the bull market,” he says. “It just moves us to the next phase.” An improving economy should also lower companies’ credit risk, Lerner notes, so the cost of capital needn’t move up nearly as much as yields will.\nSure, under the surface there will be winners and losers from a higher-yield backdrop. High-multiple, long-duration stocks like those of many highflying software companieswill be disadvantaged. Bond-proxy sectors like utilities will appear less attractive relative to risk-free Treasuries.\nBut the economic recovery will be expressed in higher revenue and earnings across the market. As long as those come back faster than rising yields pressure price/earnings multiples, there’s no reason why the bull market need end. Longer-term inflation is another conversation. But for the present, there are better things for stock investors to worry about than a faster-than-expected economic recovery in 2021.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":402,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360539563,"gmtCreate":1613954040852,"gmtModify":1704886064645,"author":{"id":"3571037900661236","authorId":"3571037900661236","name":"Acestars","avatar":"https://static.tigerbbs.com/cb536be016acf6e75b6c4b057fc2395b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571037900661236","authorIdStr":"3571037900661236"},"themes":[],"htmlText":"lets go","listText":"lets go","text":"lets go","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/360539563","repostId":"1143100356","repostType":4,"isVote":1,"tweetType":1,"viewCount":658,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387179487,"gmtCreate":1613731848149,"gmtModify":1704884269572,"author":{"id":"3571037900661236","authorId":"3571037900661236","name":"Acestars","avatar":"https://static.tigerbbs.com/cb536be016acf6e75b6c4b057fc2395b","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571037900661236","authorIdStr":"3571037900661236"},"themes":[],"htmlText":"oh no","listText":"oh no","text":"oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/387179487","repostId":"1194607255","repostType":4,"isVote":1,"tweetType":1,"viewCount":514,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}