Jimmy_Lim personal page - To The Moon

Jimmy_Lim

Jimmy_Lim

一个人只有努力奋斗拼搏,才能获得事业的成功

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2023-12-06

[开心] [开心] [开心]

The Federal Reserve led the way in adding $350 billion in liquidity, so the release of water has quietly started?

2023-12-06

[财迷] [财迷] [财迷]

@Fenger1188:降息 "爲時尚早"，美股年終狂歡還能如約而至嗎？

2023-03-28

[流泪]

The market is divided under the banking storm. Can large U.S. technology stocks continue to dominate?

2023-03-28

[财迷]

Microsoft's 154-page research paper swipes the screen! The most comprehensive test of GPT-4 was exposed, saying that it opened the door to AGI for the first time

2021-07-04

$LI 20220121 40.0 CALL(LI)$???

2023-01-01

2023-01-21

$苹果(AAPL)$ [财迷] [财迷]

2023-01-20

$苹果(AAPL)$ [财迷] [财迷] [财迷]

2022-12-30

2022-11-30

2023-03-19

[财迷]

@中国基金报:中信建投證券劉子慧最新發聲

2023-03-13

[开心]

@美股投资网:週三美股芯片股【狂飆】，鮑威爾說法一天一變！

2023-01-26

[财迷]

Sorry, the original content has been removed

2023-01-03

2022-12-24

2022-10-22

$苹果(AAPL)$[财迷]

2023-03-23

[财迷]

Foreign media headlines | 9 times in a row! The Fed makes another 25 percentage points of rate hike

2023-01-19

$苹果(AAPL)$ [财迷] [财迷]

2022-12-31

2022-12-25

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[财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/249092509696296","repostId":"248391026606344","repostType":1,"repost":{"id":248391026606344,"gmtCreate":1701680265332,"gmtModify":1701761095693,"author":{"id":"4088149090977750","authorId":"4088149090977750","name":"Fenger1188","avatar":"https://static.tigerbbs.com/184410bf08b3311824fc2e583144b220","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4088149090977750","idStr":"4088149090977750"},"themes":[],"title":"降息 \"爲時尚早\"，美股年終狂歡還能如約而至嗎？","htmlText":"時光飛逝，轉眼又到12月了，美股在聖誕節前後有“聖誕行情”，聖誕老人會駕着雪橇，拉動股市持續上漲，今年聖誕行情提前開啓了。 值得注意，大多數有關股票月度趨勢的研究發現，美股真正的季節性趨勢之王是“一月效應”，而不是12月，特別是價值股，在1月初可以看到普遍良好的回報。與1月份相比，美股12月份的表現就顯得不是那麼突出了。 在市場加碼美聯儲明年降息時，幾位美聯儲高官週四發言打壓市場降息預期。投資者無懼，過去一週，美股延續了10月底以來的反彈行情。美股、債市、黃金近來的瘋狂上漲，交易員們普遍相信美聯儲本輪加息週期已經結束。 今年美股在11月表現極佳，終於引起了散戶的注意，尤其是那些創造了“Meme股狂熱”、大舉押注投機性公司的交易者們集體迴歸美股。此次美股反彈的範圍非常廣泛，幾乎所有的美國基準股指都處於技術性上升的趨勢之中。 11月以來，美股強勁上漲。全月來看，道指累計上漲8.77%，錄得2022年10月以來的最大單月漲幅。納指上漲10.7%，標普500指數上漲8.92%，二者亦創下2022年7月以來的最佳月度表現。 12月1日，週五美股三大指數集體收漲，道指漲520.47點，漲幅爲1.47%，報35950.89點；納指跌32.27點，跌幅爲0.23%，報14226.22點；標普500指數漲17.22點，漲幅爲0.38%，報4567.80點。 大型科技股多數上漲，芯片股普漲，ARM漲近4%，蘋果、亞馬遜微漲；奈飛、微軟跌超1%，英偉達、谷歌、特斯拉微跌。 中概股漲跌不一，納斯達克金龍指數小幅上漲0.1%。熱門股中， 拼多多漲超4%，嗶哩嗶哩跌超4%，理想、小鵬跌超3%。 貴金屬市場風雲突變，現貨黃金、期貨黃金雙雙明顯走高。截止收盤，現貨金價少許回落至2071美元左右，日內漲幅超過34美元。 週五，美聯儲主席鮑威爾表示現在談降息還太早 未來將謹慎行事，保留再加息的可能。他的觀點與","listText":"時光飛逝，轉眼又到12月了，美股在聖誕節前後有“聖誕行情”，聖誕老人會駕着雪橇，拉動股市持續上漲，今年聖誕行情提前開啓了。 值得注意，大多數有關股票月度趨勢的研究發現，美股真正的季節性趨勢之王是“一月效應”，而不是12月，特別是價值股，在1月初可以看到普遍良好的回報。與1月份相比，美股12月份的表現就顯得不是那麼突出了。 在市場加碼美聯儲明年降息時，幾位美聯儲高官週四發言打壓市場降息預期。投資者無懼，過去一週，美股延續了10月底以來的反彈行情。美股、債市、黃金近來的瘋狂上漲，交易員們普遍相信美聯儲本輪加息週期已經結束。 今年美股在11月表現極佳，終於引起了散戶的注意，尤其是那些創造了“Meme股狂熱”、大舉押注投機性公司的交易者們集體迴歸美股。此次美股反彈的範圍非常廣泛，幾乎所有的美國基準股指都處於技術性上升的趨勢之中。 11月以來，美股強勁上漲。全月來看，道指累計上漲8.77%，錄得2022年10月以來的最大單月漲幅。納指上漲10.7%，標普500指數上漲8.92%，二者亦創下2022年7月以來的最佳月度表現。 12月1日，週五美股三大指數集體收漲，道指漲520.47點，漲幅爲1.47%，報35950.89點；納指跌32.27點，跌幅爲0.23%，報14226.22點；標普500指數漲17.22點，漲幅爲0.38%，報4567.80點。 大型科技股多數上漲，芯片股普漲，ARM漲近4%，蘋果、亞馬遜微漲；奈飛、微軟跌超1%，英偉達、谷歌、特斯拉微跌。 中概股漲跌不一，納斯達克金龍指數小幅上漲0.1%。熱門股中， 拼多多漲超4%，嗶哩嗶哩跌超4%，理想、小鵬跌超3%。 貴金屬市場風雲突變，現貨黃金、期貨黃金雙雙明顯走高。截止收盤，現貨金價少許回落至2071美元左右，日內漲幅超過34美元。 週五，美聯儲主席鮑威爾表示現在談降息還太早 未來將謹慎行事，保留再加息的可能。他的觀點與","text":"時光飛逝，轉眼又到12月了，美股在聖誕節前後有“聖誕行情”，聖誕老人會駕着雪橇，拉動股市持續上漲，今年聖誕行情提前開啓了。 值得注意，大多數有關股票月度趨勢的研究發現，美股真正的季節性趨勢之王是“一月效應”，而不是12月，特別是價值股，在1月初可以看到普遍良好的回報。與1月份相比，美股12月份的表現就顯得不是那麼突出了。 在市場加碼美聯儲明年降息時，幾位美聯儲高官週四發言打壓市場降息預期。投資者無懼，過去一週，美股延續了10月底以來的反彈行情。美股、債市、黃金近來的瘋狂上漲，交易員們普遍相信美聯儲本輪加息週期已經結束。 今年美股在11月表現極佳，終於引起了散戶的注意，尤其是那些創造了“Meme股狂熱”、大舉押注投機性公司的交易者們集體迴歸美股。此次美股反彈的範圍非常廣泛，幾乎所有的美國基準股指都處於技術性上升的趨勢之中。 11月以來，美股強勁上漲。全月來看，道指累計上漲8.77%，錄得2022年10月以來的最大單月漲幅。納指上漲10.7%，標普500指數上漲8.92%，二者亦創下2022年7月以來的最佳月度表現。 12月1日，週五美股三大指數集體收漲，道指漲520.47點，漲幅爲1.47%，報35950.89點；納指跌32.27點，跌幅爲0.23%，報14226.22點；標普500指數漲17.22點，漲幅爲0.38%，報4567.80點。 大型科技股多數上漲，芯片股普漲，ARM漲近4%，蘋果、亞馬遜微漲；奈飛、微軟跌超1%，英偉達、谷歌、特斯拉微跌。 中概股漲跌不一，納斯達克金龍指數小幅上漲0.1%。熱門股中， 拼多多漲超4%，嗶哩嗶哩跌超4%，理想、小鵬跌超3%。 貴金屬市場風雲突變，現貨黃金、期貨黃金雙雙明顯走高。截止收盤，現貨金價少許回落至2071美元左右，日內漲幅超過34美元。 週五，美聯儲主席鮑威爾表示現在談降息還太早 未來將謹慎行事，保留再加息的可能。他的觀點與","images":[{"img":"https://community-static.tradeup.com/news/9ac6f540bb52428e2e1d1d6373bb6cf6","width":"550","height":"412"},{"img":"https://community-static.tradeup.com/news/1d6ae1cd6113cf17c2b88ab16a2327fe","width":"512","height":"336"},{"img":"https://community-static.tradeup.com/news/fb6e735a63eef9db092f659fb3b7e9f9","width":"600","height":"400"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/248391026606344","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":6,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2855,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":248881192538192,"gmtCreate":1701794136720,"gmtModify":1701794140898,"author":{"id":"3581248195467606","authorId":"3581248195467606","name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581248195467606","idStr":"3581248195467606"},"themes":[],"htmlText":"[开心]&nbsp;&nbsp;[开心]&nbsp;&nbsp;[开心]&nbsp;&nbsp;","listText":"[开心]&nbsp;&nbsp;[开心]&nbsp;&nbsp;[开心]&nbsp;&nbsp;","text":"[开心] [开心] [开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/248881192538192","repostId":"1161770907","repostType":4,"repost":{"id":"1161770907","kind":"news","pubTimestamp":1701759086,"share":"https://ttm.financial/m/news/1161770907?lang=en_US&edition=fundamental","pubTime":"2023-12-05 14:51","market":"us","language":"zh","title":"The Federal Reserve led the way in adding $350 billion in liquidity, so the release of water has quietly started?","url":"https://stock-news.laohu8.com/highlight/detail?id=1161770907","media":"金十数据","summary":"“隐形的手”捉摸不定。","content":"<p><html><head></head><body>The \"invisible hand\" is unpredictable. Last month, a huge amount of liquidity was injected to protect the market carnival, and now it has to be slapped back?</p><p><p style=\"text-align: justify;\">Various micro-drivers and catalysts behind the surge in U.S. stocks, U.S. bonds and other assets in November have been searched by analysts from all walks of life, including record buying by CTA, record stock buybacks by enterprises (more than 5 billion dollars per day), record trader gamma, brutal short squeeze by hedge funds, massive buying of meme stocks by retail investors, favorable seasonal factors, and stronger-than-expected third-quarter earnings that ended the past year's earnings recession.</p><p><p style=\"text-align: justify;\">Forget all this for now and just consider the \"macro elephant\" in the room,<strong>This refers to the huge liquidity injections that central banks-especially the Federal Reserve-have injected last month!</strong></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ee165adbc752cf4016b075009ab67086\" alt=\"美股走势（红线）vs美国银行的储备金余额（蓝线）\" title=\"美股走势（红线）vs美国银行的储备金余额（蓝线）\" tg-width=\"1506\" tg-height=\"837\"/><span>U.S. stock trend (red line) vs. Bank of America reserve balance (blue line)</span></p><p><p style=\"text-align: justify;\">According to Goldman Sachs calculations,<strong>Liquidity from five central banks, including the Federal Reserve, increased by $350 billion in November, which is simply a \"big water pipe\".</strong></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/73f9aceb6d016d45801785d064efc32d\" tg-width=\"1325\" tg-height=\"714\"/></p><p><p style=\"text-align: justify;\">In fact, this is after January and March 2023,<strong>Third largest monthly liquidity increase this year</strong>。</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/115f9d324fe9ff409ae7f86877b5f8e5\" tg-width=\"1323\" tg-height=\"764\"/></p><p><p style=\"text-align: justify;\">among<strong>Fed liquidity rises by $60 billion for third consecutive week</strong>, coupled with a weaker dollar, was the main driving factor.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/581e8ec76cddb687a40fbab4856e2498\" tg-width=\"1315\" tg-height=\"757\"/></p><p><p style=\"text-align: justify;\">Looking forward to the end of the year and the beginning of 2024,<strong>Goldman Sachs believes the Federal Reserve may continue to increase liquidity in the coming months by issuing a large number of notes and withdrawing overnight reverse repurchase agreements (RRPs).</strong>While the U.S. dollar's contribution to benign liquidity conditions could face some headwinds, as a strong positive FCI (Financial Conditions Index) stimulus in November could weaken the Fed's pricing for a March rate cut.</p><p><p style=\"text-align: justify;\">Goldman Sachs pointed out,<strong>Money supply and loan growth indicators remain weak in the U.S. and Eurozone, implying a continued downward trend for domestic demand and inflation in the first half of 2024, i.e. loosening without reflationary shocks or supply-driven surges in commodity prices in other countries is more likely.</strong></p><p><p style=\"text-align: justify;\">Finally, the policy pulse in the United States (including liquidity, fiscal stance, and nominal and real forward rates) consolidated sideways in October and November after tightening again in September. The Goldman Sachs Financial Conditions Index (GS FCI) fell nearly 100 basis points in November.</p><p><p style=\"text-align: justify;\">Simon White, a macro strategist at Bloomberg, also wrote that last month,<strong>Liquidity is very good for assets, with the Federal Reserve rising nearly $200 billion in reserves.</strong>Withdrawals by money market funds from the reverse repurchase facility, coupled with withdrawals by the Treasury from its account with the Federal Reserve (TGA), resulted in a substantial increase in reserves despite continued quantitative tightening.</p><p><p style=\"text-align: justify;\">But White reminded,<strong>There will be a lot of employment data released this week, and the focus has returned to the U.S. labor market. At the same time, market liquidity is expected to fall sharply from last month (TGA increased by about $60 billion), which provides favorable conditions for market volatility.</strong></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/54d6e2dbb87f2b44fa5dc29f39e610e0\" tg-width=\"893\" tg-height=\"590\"/></p><p><p style=\"text-align: justify;\">Furthermore,<strong>Distortions in U.S. bond positions are also worrying about</strong>, if long positions in U.S. bonds are as extremely long as the JPMorgan Chase survey shows (net long positions hit record highs),<strong>Even weak data coming out this week could trigger profit-taking, pushing yields higher and prompting overbought stocks to be sold off</strong>。</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5fd5b036a30f10ad4ddd7f2ac3a664d\" alt=\"美债多仓创历史新高\" title=\"美债多仓创历史新高\" tg-width=\"926\" tg-height=\"580\"/><span>U.S. bond long positions hit record high</span></p><p><p style=\"text-align: justify;\">White said the U.S. job market is slowing, but the question remains: Will it deteriorate fast enough to prompt the Federal Reserve to act sooner than interest rate markets expect? In the labor market, indicators with a longer lead time (6-12 months) expect the annual growth rate of employment to continue to decline. However, short-term leading indicators, such as unemployment claims, have recently declined,<strong>This is at odds with expectations that the job market is about to accelerate its deterioration</strong>However, it is consistent with what happened in previous cycles:<strong>Around the end of the Fed's tightening cycle, the median and average unemployment rates will not accelerate until about a year after the Fed's last rate hike.</strong></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c63faafae9a2ff0d1560de759edb2ef0\" alt=\"美联储最后一次加息一年后失业率才会快速走高\" title=\"美联储最后一次加息一年后失业率才会快速走高\" tg-width=\"939\" tg-height=\"589\"/><span>Unemployment will rise rapidly a year after the Fed's last rate hike</span></p><p></body></html></p>","source":"jssj","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 Federal Reserve led the way in adding $350 billion in liquidity, so the release of water has quietly started?</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 Federal Reserve led the way in adding $350 billion in liquidity, so the release of water has quietly started?\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\">2023-12-05 14:51</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>The \"invisible hand\" is unpredictable. Last month, a huge amount of liquidity was injected to protect the market carnival, and now it has to be slapped back?</p><p><p style=\"text-align: justify;\">Various micro-drivers and catalysts behind the surge in U.S. stocks, U.S. bonds and other assets in November have been searched by analysts from all walks of life, including record buying by CTA, record stock buybacks by enterprises (more than 5 billion dollars per day), record trader gamma, brutal short squeeze by hedge funds, massive buying of meme stocks by retail investors, favorable seasonal factors, and stronger-than-expected third-quarter earnings that ended the past year's earnings recession.</p><p><p style=\"text-align: justify;\">Forget all this for now and just consider the \"macro elephant\" in the room,<strong>This refers to the huge liquidity injections that central banks-especially the Federal Reserve-have injected last month!</strong></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ee165adbc752cf4016b075009ab67086\" alt=\"美股走势（红线）vs美国银行的储备金余额（蓝线）\" title=\"美股走势（红线）vs美国银行的储备金余额（蓝线）\" tg-width=\"1506\" tg-height=\"837\"/><span>U.S. stock trend (red line) vs. Bank of America reserve balance (blue line)</span></p><p><p style=\"text-align: justify;\">According to Goldman Sachs calculations,<strong>Liquidity from five central banks, including the Federal Reserve, increased by $350 billion in November, which is simply a \"big water pipe\".</strong></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/73f9aceb6d016d45801785d064efc32d\" tg-width=\"1325\" tg-height=\"714\"/></p><p><p style=\"text-align: justify;\">In fact, this is after January and March 2023,<strong>Third largest monthly liquidity increase this year</strong>。</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/115f9d324fe9ff409ae7f86877b5f8e5\" tg-width=\"1323\" tg-height=\"764\"/></p><p><p style=\"text-align: justify;\">among<strong>Fed liquidity rises by $60 billion for third consecutive week</strong>, coupled with a weaker dollar, was the main driving factor.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/581e8ec76cddb687a40fbab4856e2498\" tg-width=\"1315\" tg-height=\"757\"/></p><p><p style=\"text-align: justify;\">Looking forward to the end of the year and the beginning of 2024,<strong>Goldman Sachs believes the Federal Reserve may continue to increase liquidity in the coming months by issuing a large number of notes and withdrawing overnight reverse repurchase agreements (RRPs).</strong>While the U.S. dollar's contribution to benign liquidity conditions could face some headwinds, as a strong positive FCI (Financial Conditions Index) stimulus in November could weaken the Fed's pricing for a March rate cut.</p><p><p style=\"text-align: justify;\">Goldman Sachs pointed out,<strong>Money supply and loan growth indicators remain weak in the U.S. and Eurozone, implying a continued downward trend for domestic demand and inflation in the first half of 2024, i.e. loosening without reflationary shocks or supply-driven surges in commodity prices in other countries is more likely.</strong></p><p><p style=\"text-align: justify;\">Finally, the policy pulse in the United States (including liquidity, fiscal stance, and nominal and real forward rates) consolidated sideways in October and November after tightening again in September. The Goldman Sachs Financial Conditions Index (GS FCI) fell nearly 100 basis points in November.</p><p><p style=\"text-align: justify;\">Simon White, a macro strategist at Bloomberg, also wrote that last month,<strong>Liquidity is very good for assets, with the Federal Reserve rising nearly $200 billion in reserves.</strong>Withdrawals by money market funds from the reverse repurchase facility, coupled with withdrawals by the Treasury from its account with the Federal Reserve (TGA), resulted in a substantial increase in reserves despite continued quantitative tightening.</p><p><p style=\"text-align: justify;\">But White reminded,<strong>There will be a lot of employment data released this week, and the focus has returned to the U.S. labor market. At the same time, market liquidity is expected to fall sharply from last month (TGA increased by about $60 billion), which provides favorable conditions for market volatility.</strong></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/54d6e2dbb87f2b44fa5dc29f39e610e0\" tg-width=\"893\" tg-height=\"590\"/></p><p><p style=\"text-align: justify;\">Furthermore,<strong>Distortions in U.S. bond positions are also worrying about</strong>, if long positions in U.S. bonds are as extremely long as the JPMorgan Chase survey shows (net long positions hit record highs),<strong>Even weak data coming out this week could trigger profit-taking, pushing yields higher and prompting overbought stocks to be sold off</strong>。</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5fd5b036a30f10ad4ddd7f2ac3a664d\" alt=\"美债多仓创历史新高\" title=\"美债多仓创历史新高\" tg-width=\"926\" tg-height=\"580\"/><span>U.S. bond long positions hit record high</span></p><p><p style=\"text-align: justify;\">White said the U.S. job market is slowing, but the question remains: Will it deteriorate fast enough to prompt the Federal Reserve to act sooner than interest rate markets expect? In the labor market, indicators with a longer lead time (6-12 months) expect the annual growth rate of employment to continue to decline. However, short-term leading indicators, such as unemployment claims, have recently declined,<strong>This is at odds with expectations that the job market is about to accelerate its deterioration</strong>However, it is consistent with what happened in previous cycles:<strong>Around the end of the Fed's tightening cycle, the median and average unemployment rates will not accelerate until about a year after the Fed's last rate hike.</strong></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c63faafae9a2ff0d1560de759edb2ef0\" alt=\"美联储最后一次加息一年后失业率才会快速走高\" title=\"美联储最后一次加息一年后失业率才会快速走高\" tg-width=\"939\" tg-height=\"589\"/><span>Unemployment will rise rapidly a year after the Fed's last rate hike</span></p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://xnews.jin10.com/details/128001\">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/017a2d51f9605f643f552ed0e3997176","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://xnews.jin10.com/details/128001","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161770907","content_text":"“隐形的手”捉摸不定，上个月注入巨额流动性呵护市场狂欢，现在又要反手一巴掌？11月美股、美债等资产大涨背后的各种微观驱动因素和催化剂已经被各路分析师搜了个遍，包括CTA创纪录的买入、企业创纪录的股票回购（每天超过50亿美元）、创纪录的交易商gamma、对冲基金的残酷逼空、散户大量买入meme股、有利的季节性因素，以及第三季度财报强于预期且结束了过去一年的盈利衰退。现在不妨忘掉所有这些，只考虑房间里的“宏观大象”，这里指的是各国央行——尤其是美联储，上个月注入的巨额流动性！美股走势（红线）vs美国银行的储备金余额（蓝线）根据高盛的计算，11月份来自美联储等五家央行的流动性增加了3500亿美元，这简直就是一根“大水管”。事实上，这是继2023年1月和3月之后，今年第三大月度流动性增幅。其中美联储流动性连续第三周增加600亿美元，加上美元走弱，是主要推动因素。展望年底和2024年初，高盛认为美联储可能在未来几个月通过大量发行票据和撤回隔夜逆回购协议（RRP）来继续增加流动性。而美元对良性流动性状况的贡献可能会面临一些阻力，因为11月份强劲的正FCI（金融状况指数）刺激可能会导致美联储3月份降息的定价被削弱。高盛指出，美国和欧元区的货币供应和贷款增长指标仍然疲软，这意味着2024年上半年的内需和通胀将持续下行，即如果没有其他国家的通货再膨胀冲击或供应驱动的大宗商品价格飙升，宽松的可能性更高。最后，美国的政策脉冲（包括流动性、财政立场，以及名义和实际远期利率）在9月份再度收紧后，在10月和11月出现了横向盘整。高盛金融状况指数（GS FCI）在11月份下降了近100个基点。彭博宏观策略师西蒙·怀特（Simon White）也撰文称，上个月，流动性对资产非常有利，美联储储备增加了近2000亿美元。货币市场基金从逆回购工具中提取资金，加上财政部从其在美联储的账户（TGA）中提取资金，导致尽管量化紧缩仍在继续，但储备金仍大幅增加。但怀特提醒，本周将有大量就业数据出炉，焦点又回到了美国劳动力市场，同时市场流动性料较上月大幅下滑（TGA增加了约600亿美元），这为市场波动提供了有利条件。此外，美债仓位的扭曲也值得担忧，如果美债多头仓位像摩根大通调查显示的那样极端做多（净多头创下历史新高），即使本周出台的数据疲弱也可能引发获利了结，从而推高收益率，促使超买的股票被抛售。美债多仓创历史新高怀特说，美国就业市场正在放缓，但问题依然存在：它的恶化速度是否会快到足以促使美联储比利率市场预期的更早采取行动？在劳动力市场，领先时间较长（6-12个月）的指标预计就业人数的年增长率将继续下降。然而，短期领先指标，如失业救济申请人数，最近有所下降，这与就业市场即将加速恶化的预期不一致，却与前几个周期发生的情况一致：在美联储紧缩周期结束前后，失业率的中位数和平均值要到美联储最后一次加息满大约一年后才会加速上升。美联储最后一次加息一年后失业率才会快速走高","news_type":1,"symbols_score_info":{".DJI":1.1}},"isVote":1,"tweetType":1,"viewCount":2854,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941307936,"gmtCreate":1679953613625,"gmtModify":1679953617469,"author":{"id":"3581248195467606","authorId":"3581248195467606","name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581248195467606","idStr":"3581248195467606"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941307936","repostId":"2322403996","repostType":2,"isVote":1,"tweetType":1,"viewCount":2747,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941307047,"gmtCreate":1679953549289,"gmtModify":1679953552795,"author":{"id":"3581248195467606","authorId":"3581248195467606","name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581248195467606","idStr":"3581248195467606"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941307047","repostId":"1137758299","repostType":4,"repost":{"id":"1137758299","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":1679917804,"share":"https://ttm.financial/m/news/1137758299?lang=en_US&edition=fundamental","pubTime":"2023-03-27 19:50","market":"hk","language":"zh","title":"Pre-market | Silicon Valley Bank will be \"taken over\"! First Citizens Bank shares soar nearly 40%","url":"https://stock-news.laohu8.com/highlight/detail?id=1137758299","media":"老虎资讯综合","summary":"3月27日，美股指期货震荡走高，截止发稿，道指期货涨0.71%，纳指期货涨0.36%，标普500指数期货涨0.71%。盘前行情区域性银行股盘前走高，第一共和银行涨超25%，Silvergate涨超11","content":"<p><html><head></head><body>On March 27, U.S. stock index futures fluctuated higher. As of press time, Dow futures rose 0.71%, Nasdaq futures rose 0.36%, and S&P 500 futures rose 0.71%.</p><p><img src=\"https://static.tigerbbs.com/3bfc414593502170abf983fb27929215\" tg-width=\"401\" tg-height=\"203\" referrerpolicy=\"no-referrer\"/></p><p><b>Premarket Quotes</b></p><p>Regional bank stocks rose premarket,<a href=\"https://laohu8.com/S/FRC\">First Republic Bank</a>Up more than 25%,<a href=\"https://laohu8.com/S/SI\">Silvergate</a>Rose more than 11%,<a href=\"https://laohu8.com/S/PACW\">Westpac U.S. Bank</a>Rose nearly 9%,<a href=\"https://laohu8.com/S/WAL\">Alliance Western Bank</a>Rose nearly 6%,<a href=\"https://laohu8.com/S/USB\">U.S. Bancorp</a>Up more than 3%.</p><p><a href=\"https://laohu8.com/S/FCNCA\">First Citizens Bank shares</a>It rose nearly 40% before the market,<a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>The suspension continues with reports that First Citizens Bank will buy $72 billion of Silicon Valley Bridge Bank assets at a discount of $16.5 billion.</p><p><a href=\"https://laohu8.com/S/DB\">Deutsche Bank</a>It rose nearly 4% before the market, and the cost of insuring debt default dropped. Analysts previously claimed that the German bank was in good financial condition.</p><p><a href=\"https://laohu8.com/S/NVS\">Novartis</a>It rose more than 6% before the market, and the company's targeted anti-cancer drug Kisqali combined phase 3 clinical trial for the treatment of early breast cancer reached the primary endpoint.</p><p><a href=\"https://laohu8.com/S/BNTX\">BioNtech</a>It fell more than 4% before the market, and the revenue in the fourth quarter of 2022 was 4.28 billion euros. The prospect for vaccine revenue was lower than expected.</p><p><b>European Market</b></p><p>Major European stock indexes rose across the board. As of press time, the German DAX30 index rose 1.26%.<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>It rose 0.93%, and France's CAC40 rose 1.1%.</p><p><img src=\"https://static.tigerbbs.com/991f790bd8ab478168a6a1d62ca10fa4\" tg-width=\"821\" tg-height=\"285\" referrerpolicy=\"no-referrer\"/></p><p><b>crude oil</b></p><p>Crude oil futures fluctuated higher. As of press time, WTI crude oil rose 1.36% to $70.2 per barrel; Brent crude oil rose 1.31% to $75.97 a barrel.</p><p><img src=\"https://static.tigerbbs.com/e5e29fb681906171a6a8aad205d1a2bc\" tg-width=\"870\" tg-height=\"834\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/13408c0418657dd4b974900cfec17fcb\" tg-width=\"870\" tg-height=\"833\" referrerpolicy=\"no-referrer\"/></p><p><b>Gold</b></p><p>Gold futures fell during the day, falling 1.51% to $1,953.8 an ounce as of press time.</p><p><img src=\"https://static.tigerbbs.com/35bee694d78361cd74a986a1e99aab20\" tg-width=\"870\" tg-height=\"834\" 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; 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 | Silicon Valley Bank will be \"taken over\"! First Citizens Bank shares soar nearly 40%</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 | Silicon Valley Bank will be \"taken over\"! First Citizens Bank shares soar nearly 40%\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\">2023-03-27 19:50</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On March 27, U.S. stock index futures fluctuated higher. As of press time, Dow futures rose 0.71%, Nasdaq futures rose 0.36%, and S&P 500 futures rose 0.71%.</p><p><img src=\"https://static.tigerbbs.com/3bfc414593502170abf983fb27929215\" tg-width=\"401\" tg-height=\"203\" referrerpolicy=\"no-referrer\"/></p><p><b>Premarket Quotes</b></p><p>Regional bank stocks rose premarket,<a href=\"https://laohu8.com/S/FRC\">First Republic Bank</a>Up more than 25%,<a href=\"https://laohu8.com/S/SI\">Silvergate</a>Rose more than 11%,<a href=\"https://laohu8.com/S/PACW\">Westpac U.S. Bank</a>Rose nearly 9%,<a href=\"https://laohu8.com/S/WAL\">Alliance Western Bank</a>Rose nearly 6%,<a href=\"https://laohu8.com/S/USB\">U.S. Bancorp</a>Up more than 3%.</p><p><a href=\"https://laohu8.com/S/FCNCA\">First Citizens Bank shares</a>It rose nearly 40% before the market,<a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>The suspension continues with reports that First Citizens Bank will buy $72 billion of Silicon Valley Bridge Bank assets at a discount of $16.5 billion.</p><p><a href=\"https://laohu8.com/S/DB\">Deutsche Bank</a>It rose nearly 4% before the market, and the cost of insuring debt default dropped. Analysts previously claimed that the German bank was in good financial condition.</p><p><a href=\"https://laohu8.com/S/NVS\">Novartis</a>It rose more than 6% before the market, and the company's targeted anti-cancer drug Kisqali combined phase 3 clinical trial for the treatment of early breast cancer reached the primary endpoint.</p><p><a href=\"https://laohu8.com/S/BNTX\">BioNtech</a>It fell more than 4% before the market, and the revenue in the fourth quarter of 2022 was 4.28 billion euros. The prospect for vaccine revenue was lower than expected.</p><p><b>European Market</b></p><p>Major European stock indexes rose across the board. As of press time, the German DAX30 index rose 1.26%.<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>It rose 0.93%, and France's CAC40 rose 1.1%.</p><p><img src=\"https://static.tigerbbs.com/991f790bd8ab478168a6a1d62ca10fa4\" tg-width=\"821\" tg-height=\"285\" referrerpolicy=\"no-referrer\"/></p><p><b>crude oil</b></p><p>Crude oil futures fluctuated higher. As of press time, WTI crude oil rose 1.36% to $70.2 per barrel; Brent crude oil rose 1.31% to $75.97 a barrel.</p><p><img src=\"https://static.tigerbbs.com/e5e29fb681906171a6a8aad205d1a2bc\" tg-width=\"870\" tg-height=\"834\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/13408c0418657dd4b974900cfec17fcb\" tg-width=\"870\" tg-height=\"833\" referrerpolicy=\"no-referrer\"/></p><p><b>Gold</b></p><p>Gold futures fell during the day, falling 1.51% to $1,953.8 an ounce as of press time.</p><p><img src=\"https://static.tigerbbs.com/35bee694d78361cd74a986a1e99aab20\" tg-width=\"870\" tg-height=\"834\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ed4ee39e6b0f45214393093d70ba81a8","relate_stocks":{"SIVBQ":"硅谷银行","VUKE.UK":"英国富时100","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","WAL":"阿莱恩斯西部银行","BK4007":"制药","BK4548":"巴美列捷福持仓","IE0002141913.USD":"JANUS HENDERSON GLOBAL LIFE SCIENCES \"I2\" (USD) ACC","NVS":"诺华","BK4588":"碎股","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","BK4211":"区域性银行","BK4589":"SVB概念","BK4566":"资本集团","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","BK4118":"综合性资本市场","BK4504":"桥水持仓","FCNCA":"第一公民银行股份","USB":"美国合众银行","DB":"德意志银行"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137758299","content_text":"3月27日，美股指期货震荡走高，截止发稿，道指期货涨0.71%，纳指期货涨0.36%，标普500指数期货涨0.71%。盘前行情区域性银行股盘前走高，第一共和银行涨超25%，Silvergate涨超11%，西太平洋合众银行涨近9%，阿莱恩斯西部银行涨近6%，美国合众银行涨超3%。第一公民银行股份盘前涨近40%，硅谷银行继续停牌，报道称第一公民银行将以165亿美元的折扣价格购买720亿美元的硅谷过桥银行资产。德意志银行盘前涨近4%，债务违约的保险成本有所下降，分析师先前宣称这家德国银行的财务状况良好。诺华盘前涨超6%，公司旗下靶向抗癌药物Kisqali联合治疗早期乳腺癌3期临床试验达到主要终点。BioNtech盘前跌超4%，2022年第四季度营收42.8亿欧元，疫苗收入前景不及预期。欧洲市场欧洲主要股指全线上涨，截至发稿，德国DAX30指数涨1.26%，英国富时100涨0.93%，法国CAC40涨1.1%。原油原油期货震荡走高，截止发稿，WTI原油涨1.36%，报70.2美元/桶；布伦特原油涨1.31%，报75.97美元/桶。黄金黄金期货日内走低，截止发稿，跌1.51%，报1953.8美元/盎司。","news_type":1,"symbols_score_info":{"WAL":0.9,"NVS":0.9,"DB":0.9,"SIVB":0.9,"FRC":0.9,"SIVBQ":0.9,"VUKE.UK":0.9,"FCNCA":0.9,"USB":0.9}},"isVote":1,"tweetType":1,"viewCount":2410,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941304729,"gmtCreate":1679953535561,"gmtModify":1679953539189,"author":{"id":"3581248195467606","authorId":"3581248195467606","name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581248195467606","idStr":"3581248195467606"},"themes":[],"htmlText":"[流泪]&nbsp;","listText":"[流泪]&nbsp;","text":"[流泪]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941304729","repostId":"2322125084","repostType":4,"repost":{"id":"2322125084","kind":"news","pubTimestamp":1679901259,"share":"https://ttm.financial/m/news/2322125084?lang=en_US&edition=fundamental","pubTime":"2023-03-27 15:14","market":"us","language":"zh","title":"The market is divided under the banking storm. Can large U.S. technology stocks continue to dominate?","url":"https://stock-news.laohu8.com/highlight/detail?id=2322125084","media":"第一财经","summary":"在美股市场整体颓靡的情况下，科技巨头年初重拾的涨势仍在持续。尽管硅谷银行倒闭风波引发近期金融市场的剧烈震荡，但在美股市场整体颓靡的情况下，科技巨头年初重拾的涨势仍在持续。自3月8日硅谷银行倒闭引发银行","content":"<p><div>Amid the overall downturn of the U.S. stock market, the gains regained by technology giants at the beginning of the year are still continuing. Although the collapse of Silicon Valley Bank has triggered violent shocks in the financial market recently, the gains regained by technology giants at the beginning of the year continued despite the overall decline of the U.S. stock market. Since the collapse of Silicon Valley Bank on March 8 triggered a panic in the banking industry, the share prices of the five most valuable companies-Apple, Microsoft, Alphabet, Amazon and Nvidia-have risen between 4.5% and 12%. The S&P 500 index fell 0.5% during the same period. Wedbush Securities (Wedbush Securities)...</p><p><a href=\"https://www.yicai.com/news/101712977.html\">Web link</a></div></p>","source":"dyvj","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 market is divided under the banking storm. Can large U.S. technology stocks continue to dominate?</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 market is divided under the banking storm. Can large U.S. technology stocks continue to dominate?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">第一财经</strong><span class=\"h-time small\">2023-03-27 15:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>Amid the overall downturn of the U.S. stock market, the gains regained by technology giants at the beginning of the year are still continuing. Although the collapse of Silicon Valley Bank has triggered violent shocks in the financial market recently, the gains regained by technology giants at the beginning of the year continued despite the overall decline of the U.S. stock market. Since the collapse of Silicon Valley Bank on March 8 triggered a panic in the banking industry, the share prices of the five most valuable companies-Apple, Microsoft, Alphabet, Amazon and Nvidia-have risen between 4.5% and 12%. The S&P 500 index fell 0.5% during the same period. Wedbush Securities (Wedbush Securities)...</p><p><a href=\"https://www.yicai.com/news/101712977.html\">Web link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.yicai.com/news/101712977.html\">第一财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5d1fe578ee46cbe0d24c33435ff25ae5","relate_stocks":{"AMZN":"亚马逊","GOOGL":"谷歌A","AAPL":"苹果","MSFT":"微软","NVDA":"英伟达","GOOG":"谷歌"},"source_url":"https://www.yicai.com/news/101712977.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2322125084","content_text":"在美股市场整体颓靡的情况下，科技巨头年初重拾的涨势仍在持续。尽管硅谷银行倒闭风波引发近期金融市场的剧烈震荡，但在美股市场整体颓靡的情况下，科技巨头年初重拾的涨势仍在持续。自3月8日硅谷银行倒闭引发银行业恐慌以来，市值最高的五家公司——苹果、微软、Alphabet、亚马逊和英伟达股价涨幅介于4.5%~12%。同期标普500指数则下跌了0.5%。韦德布什证券公司（Wedbush Securities）分析师丹尼尔-艾夫斯（Daniel Ives）对第一财经记者表示，“在过去几周中，更多投资者在动荡的金融背景下迅速转向大型科技股。尽管这一行径让许多持有空头的投资者困惑不已，但我们认为，因为高质量科技股在今年剩余时间内具有令人信服的风险/回报，所以投资者做出如此反应。”分析人士表示，大型科技股受追捧的原因是由于资产负债表和利润率强劲，而且它们的商业模式在发生经济衰退时有望更好地维持。最近美债收益率回落，也将在2023年提振成长型股票的价格。科技巨头涨势掩盖整体市场颓势不过，当前市场的这一态势可能存在弊端。大型科技股不断增长的市值意味着标普500指数等指数走势越来越多地受一小部分股票推动。如果情况发生变化，投资者迅速撤离大型科技和成长型股票，这可能会刺激更广泛的市场波动。Truist Advisory Services联席首席投资官勒纳（Keith Lerner）表示：“投资者的观点是，科技公司更容易扛过一段不确定时期。”该公司超配科技股。然而，“当出现拥挤交易时，你可能会看到突然出现走势急剧逆转，因为大家都持有这些股票。”大型科技股的涨势也掩盖了美股整体市场的颓势。市场广度的背离变得更加明显，路孚特（Refinitiv）数据显示，对标普500指数成分股进行等权计算的标普500等权重指数自3月8日以来下跌5.3%，跑输加权的标普500指数4.8%。将市值加权的标普500指数与一个等权重的该指数进行比较被视为衡量市场广度的一种方法。在金融危机爆发后的十年里，大型科技股引领着美国市场走势，并在2020年初因疫情引发大跌后，带领美股强劲反弹。但去年由于美联储加息以对抗创40年高位的通胀，该类股票暴跌。今年随着对银行体系的担忧加剧，大型科技股反弹速度加快，标普500指数前五大成分股的权重已经从2022年底时的18.8%反弹至21.7%。大型科技股突出表现能否持续？分析人士认为，如果银行业疑虑有所缓解，投资者大举买入之前受创的经济敏感型股票，大型科技股的表现可能会受到不利影响。标普500指数能源板块自3月8日以来下跌7.5%，而工业板块下跌5%。美债收益率反弹也可能会给科技股和成长股带来压力。同时，科技行业今年的获利增长预计将落后于标普500指数的整体水平。尽管如此，一些投资者依然看好大型科技股。Globalt Investments公司资深投资组合经理马丁（Thomas Martin）说，尽管去年市场大跌，但仍认为市场呈上升趋势。他说，这可能意味着“大盘成长股将会引领这一趋势”。艾夫斯告诉第一财经：“历经了灾难且估值骤减的一年，2023年科技股将出现重大复苏，因为该行业的基本面趋于稳定，成本削减工作进展顺利，加上美联储加息进程基本上已经完成，消除了制约该行业继续向前迈进的主要障碍。”不过，鉴于近期用来判断整体市场健康状况的一些广度指标恶化，Hi Mount Research投资策略师德尔维奇（Willie Delwiche）认为，大型科技股的涨势不能持续长久。“在今年早些时候出现一些充满希望的迹象之后，有迹象显示，我们去年看到的表面之下的疲软模式正重新出现。”德尔维奇说。","news_type":1,"symbols_score_info":{"GOOG":0.9,"AMZN":0.9,"MSFT":0.9,"AAPL":0.9,"GOOGL":0.9,"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":2761,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941304415,"gmtCreate":1679953504237,"gmtModify":1679953507994,"author":{"id":"3581248195467606","authorId":"3581248195467606","name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581248195467606","idStr":"3581248195467606"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941304415","repostId":"1126058534","repostType":4,"repost":{"id":"1126058534","kind":"news","pubTimestamp":1679914944,"share":"https://ttm.financial/m/news/1126058534?lang=en_US&edition=fundamental","pubTime":"2023-03-27 19:02","market":"us","language":"zh","title":"Microsoft's 154-page research paper swipes the screen! The most comprehensive test of GPT-4 was exposed, saying that it opened the door to AGI for the first time","url":"https://stock-news.laohu8.com/highlight/detail?id=1126058534","media":"CSDN","summary":"2019 年，微软用 10 亿美元砸进 OpenAI，两者展开为期数年的合作。当时两家对外公开的合作内容包括，微软和 OpenAI 将联合开发新的 Azure AI 超级计算技术，而 OpenAI 也","content":"<p><html><head></head><body>In 2019, Microsoft spent US $1 billion into OpenAI, and the two launched a several-year cooperation.</p><p>At that time, the cooperation between the two companies publicly announced included that Microsoft and OpenAI would jointly develop new Azure AI supercomputing technology, and OpenAI would also transfer its services to run on Azure, with the ultimate goal of developing general artificial intelligence (Artificial General Intelligence, AGI) technology to launch an attack.</p><p>To sum up simply, the cooperation between Microsoft and OpenAI has also been interpreted by the outside world as explicitly AGI research and secretly competing for the Google market.</p><p>A few years later, when OpenAI returned with the kings of ChatGPT and GPT-4, and Microsoft took the lead in using these technologies to increase new Bing, Office Family Bucket, Azure and other businesses and products, there is no doubt that its progress has already surpassed Google and is still accelerating its integration into Bard. The overall pace of the large model.</p><p>So on the bright side, where has the progress of AGI gone?</p><p>Recently, the Microsoft research team gave an answer with a 154-page paper report-<b>The GPT-4 language model can be regarded as an early version of AGI!</b></p><p><img src=\"https://static.tigerbbs.com/d03f8e255882a99c71fc0f021a323b16\" tg-width=\"1080\" tg-height=\"811\" referrerpolicy=\"no-referrer\"/></p><p>One stone stirred up thousands of waves. The industry's reaction to this paper is no less than last year's hearing Google engineers say that AI has self-awareness. At first, it was a bit absurd, but now I think something is impossible when I think about it. After reading it deeply, I feel a little real.</p><p>The so-called AGI is only explained by Wikipedia-AGI is artificial intelligence with the same intelligence as humans or surpassing humans, and can express all the intelligent behaviors of normal humans. If GPT-4 has really become the first step to AGI, will the title of the highest intelligent creature change hands?</p><p><b>GPT-4 is reasonably considered an early (but still incomplete) version of AGI</b></p><p>In the paper, Microsoft researchers stated that the latest model, GPT-4, developed by OpenAI, was trained using unprecedented computation and data scale. In the paper, we report our investigation of earlier versions of GPT-4, when it was still under active development at OpenAI. We believe that (this earlier version of) GPT-4 is part of a new batch of LLMs (along with ChatGPT and Google's PaLM, for example), and it exhibits more general intelligence than previous AI models.</p><p>At the same time, the researchers wrote in the abstract of the paper, \"We demonstrate that in addition to the mastery of language, GPT-4 can also solve novel and difficult tasks spanning the fields of mathematics, coding, vision, medicine, law, psychology, etc., without any special prompts. In addition,<b>In</b>In all of these tasks, GPT-4 performed surprisingly close to human levels and often greatly exceeded previous models such as ChatGPT<b>。 Given the breadth and depth of GPT-4's capabilities, we believe it is reasonable to consider it an early (but still incomplete) version of an artificial general intelligence (AGI) system.</b>”</p><p>The reason for reaching this conclusion is that the authors behind this paper include Sébastien Bubeck, senior principal research manager of Microsoft Research's Machine Learning Fundamentals Group, postdoctoral researcher Varun Chandrasekaran, mathematician Ronen Eldan and others, using many examples to analyze GPT-4 The ability was verified.</p><p><b>The multi-capabilities of GPT-4</b></p><p>In the first case, the researchers asked GPT-4 to write a proof with an infinite number of prime numbers, and the expression of the proof should rhyme every line. In addition, GPT-4 should draw a unicorn in the drawing program TiKZ. Among them, TiKZ (a language for creating graphics in LATEX), creates a complex animation in Python and solves a high school level math problem.</p><p>GPT-4 is easily successful in all these tasks and produces outputs that are basically indistinguishable (or even better) from what humans can produce.</p><p><img src=\"https://static.tigerbbs.com/05d65285f01dbb0ac96bbf0802df8511\" tg-width=\"1080\" tg-height=\"519\" referrerpolicy=\"no-referrer\"/></p><p>At the same time, as time goes by, GPT-4 is constantly expanding its capabilities at an unimaginable speed. The figure below shows a plot generated by the researchers using the same prompt word for GPT-4 over a period of one month.</p><p><img src=\"https://static.tigerbbs.com/83a00d527473c5f93eb1b79b5bae32c3\" tg-width=\"1080\" tg-height=\"262\" referrerpolicy=\"no-referrer\"/></p><p>The researchers found that GPT-4 appears to be able to understand and connect to any topic, and is able to perform tasks that are beyond the typical scope of narrowly defined AI systems. In order to verify the capabilities of GPT-4 on AGI, researchers have proposed a different approach to studying GPT-4, which is closer to traditional psychology than machine learning, harnessing human creativity and curiosity.</p><p>Therefore, taking the above figure as an example, when the researchers think that the code of the unicorn horn part is deleted and use natural language to generate GPT-4, it can also \"see\" (the version of GPT-4 tested at this time is not Multi-modal) ability: automatically add corners at appropriate positions. This indicates that GPT-4 can understand and manipulate code based on natural language descriptions, as well as infer and generate visual features.</p><p><img src=\"https://static.tigerbbs.com/4ca60dc79c4d71f395fb827dac68a3e0\" tg-width=\"1080\" tg-height=\"475\" referrerpolicy=\"no-referrer\"/></p><p>In addition, the Microsoft research team generates novel and difficult questions based on human creativity and curiosity, and detects GPT-4's reactions and behaviors. It also chooses to verify from the different abilities given in the 1994 international consensus definition of intelligence, including the ability to reason, plan, solve problems, think abstractly, understand complex ideas, learn quickly, and learn from experience.</p><p><b>translate</b></p><p>The main advantage of GPT-4 is its unparalleled mastery of natural language. Not only can it generate fluent and coherent text, but it can also understand and process it in various ways, such as summarizing, translating, or answering extremely complex questions. In addition, by translation we mean not only translation between different natural languages, but also translation of tone and style, as well as translation across collars, such as medicine, law, accounting, computer programming, music, and so on. Suppose that Plato criticizes the autoregressive language model:</p><p><img src=\"https://static.tigerbbs.com/bc0f4c13eabe0eee91bdb3f266d8e88f\" tg-width=\"643\" tg-height=\"748\" referrerpolicy=\"no-referrer\"/></p><p><b>Coding and data</b></p><p>Coding and mathematics are symbols of abstract reasoning and thinking ability. The ability of GPT-4 at this point has actually been obvious to all since the day it was tested online.</p><p>In the paper, the researchers benchmarked GPT-4 on HumanEval, a dataset of 164 coding questions that tested various aspects of programming logic and proficiency.</p><p>The final results show that GPT-4 outperforms other LLMs, including text-davinci-003 (the foundation model of ChatGPT) and other models trained specifically for code.</p><p><img src=\"https://static.tigerbbs.com/d65bda6dc18d1d667cbc6bee5b25d630\" tg-width=\"1080\" tg-height=\"145\" referrerpolicy=\"no-referrer\"/></p><p>Of course, in order to prevent GPT-4 from remembering some contents of the HumanEval dataset during pre-training, the research team also tested with the latest 100 programming questions released on LeetCode, such as requiring GPT-4 to write a Python function and using LeetCode's official online judgment to check correctness.</p><p><img src=\"https://static.tigerbbs.com/32198a63144b30ac084460aca53b470d\" tg-width=\"656\" tg-height=\"776\" referrerpolicy=\"no-referrer\"/></p><p>Without a doubt, GPT-4 has the highest capabilities of any model.</p><p><img src=\"https://static.tigerbbs.com/f544122b5a2a69928f152fe11ef42051\" tg-width=\"1080\" tg-height=\"272\" referrerpolicy=\"no-referrer\"/></p><p>It can write a 3D game in JavaScript in HTML.</p><p><img src=\"https://static.tigerbbs.com/49af5147998d6cc67c45b9710518b7e8\" tg-width=\"644\" tg-height=\"731\" referrerpolicy=\"no-referrer\"/></p><p>You can also master the knowledge of mathematics and statistics, and write deep learning code with your familiarity with frameworks and libraries such as PyTorch, TensorFlow, and Keras.</p><p><img src=\"https://static.tigerbbs.com/70e023c35eb4416661dc7b46412adc06\" tg-width=\"1080\" tg-height=\"991\" referrerpolicy=\"no-referrer\"/></p><p>You can also reverse engineer:</p><p><img src=\"https://static.tigerbbs.com/44cb9dfe023db457e53f1f7c60b760e2\" tg-width=\"1080\" tg-height=\"1019\" referrerpolicy=\"no-referrer\"/></p><p><b>Common sense questions</b></p><p>In response to some common sense questions, such as \"We have a book, 9 eggs, a laptop, a bottle and a nail. Please tell me how to stack them together in a stable way\", the answer given by GPT-4 is, \"Set 9 eggs into 3 by 3 squares, put them on top of the book, and leave some space between them\", while ChatGPT proposed to put the eggs on the nails to ensure that they are balanced and not tilted to one side, reliable and outrageous or can be clearly identified at a glance.</p><p><img src=\"https://static.tigerbbs.com/db1f9cd47eca000a48ae1dd5d793ab4c\" tg-width=\"638\" tg-height=\"658\" referrerpolicy=\"no-referrer\"/></p><p><b>Multimodal capability</b></p><p>To test the model's ability to combine artistic and programming capabilities, the researchers asked GPT-4 to \"generate JavaScript code to generate random images in the style of the painter Kandinsky\", and the result was as follows:</p><p><img src=\"https://static.tigerbbs.com/81d7625bce02914c0f74f27386737a1d\" tg-width=\"658\" tg-height=\"812\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/35c83936be2891ecd60fb804bd707a94\" tg-width=\"1080\" tg-height=\"385\" referrerpolicy=\"no-referrer\"/></p><p>During the test, because the researchers got the GPT-4 model relatively early, they did not have multi-modal capabilities at that time, and even the current GPT-4 does not have the ability to generate images.</p><p>However, you can use SVG (Expandable Vector Graphics) to generate some images:</p><p><img src=\"https://static.tigerbbs.com/938a3d2786522a3e75078990fa422fb7\" tg-width=\"1080\" tg-height=\"328\" referrerpolicy=\"no-referrer\"/></p><p>It can also combine letters and objects:</p><p><img src=\"https://static.tigerbbs.com/083df94d8b1309e5ebd0c477503ebf81\" tg-width=\"1080\" tg-height=\"974\" referrerpolicy=\"no-referrer\"/></p><p>GPT-4 can generate code from prompts, which can be rendered as images, and then combined with existing image synthesis models, it is possible to bring unlimited possibilities to sketches for application development:</p><p><img src=\"https://static.tigerbbs.com/a9141519e08c8398a0423d686ba1ec9b\" tg-width=\"1080\" tg-height=\"532\" referrerpolicy=\"no-referrer\"/></p><p>It is worth noting that the data of the GPT-4 model also contains music information encoded in ABC symbols, so it can also generate maps:</p><p><img src=\"https://static.tigerbbs.com/641412ac4938a0b06ea2bf083ed0d47c\" tg-width=\"643\" tg-height=\"870\" referrerpolicy=\"no-referrer\"/></p><p><b>Ability to interact with the world</b></p><p>A key aspect of intelligence is interactivity. However, GPT-4 has certain limitations on the latest knowledge and symbol recognition:</p><p><img src=\"https://static.tigerbbs.com/9e339e3647654071378efb8900a12f3e\" tg-width=\"1080\" tg-height=\"759\" referrerpolicy=\"no-referrer\"/></p><p>Overall, the team found that GPT-4 achieved near-human-level performance in a range of categories lacking in its previous generation. According to the paper, GPT-4 also performed very well on several exams, scoring 90, 88, and 86 on the bar exam, LSAT, and certified sommelier theory test, respectively.</p><p><b>How far is GPT-4 from the ideal AGI?</b></p><p>So, on the basis of GPT-4 realizing various capabilities, does it mean the arrival of the AGI era? In fact, researchers have not yet reached an agreement on the definition of AGI or intelligence. Generally speaking, however, everyone will agree that AGI is reached when an AI system is conscious and thinks like a human. While GPT-4 outperforms humans in some tasks, it is worth noting that AI has not overcome these obstacles as well as humans.</p><p>This is also as the researchers wrote in the paper, \"We claim that GPT-4 represents an advancement in AGI, but this does not mean that it is perfect in what it does, or that it is close to being able to do anything that humans can do. (This is one of the usual definitions of AGI), or it has intrinsic motivation and goal.\"</p><p>The researchers noted that while GPT-4 \"meets or exceeds human levels on many tasks,\" its overall \"intelligence pattern is significantly unhuman\", and they hope that this exploration provides an appreciation for GPT-4's extraordinary capabilities and challenges. The first step in the challenge, it is also hoped that GPT-4 opens up new opportunities for developing more formal and comprehensive methods to test and analyze future artificial intelligence systems with such a wide range of intelligence.</p><p>The core claim of our work is that GPT-4 reaches a form of general intelligence that does spark AGI. This is shown in its core mental abilities (such as reasoning, creativity, and reasoning), the range of topics in which it gains expertise (such as literature, medicine, and coding), and the variety of tasks it is able to accomplish (such as playing games, using tools, explaining itself,......), though, there is still much to be done to create a system that could be called full AGI, the researchers say.</p><p>Finally, this paper is worth reading for various benchmarks of GPT-4, and more potential of GPT-4 can also be tapped from it.</p><p></body></html></p>","source":"lsy1578046468581","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>Microsoft's 154-page research paper swipes the screen! The most comprehensive test of GPT-4 was exposed, saying that it opened the door to AGI for the first time</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\">\nMicrosoft's 154-page research paper swipes the screen! The most comprehensive test of GPT-4 was exposed, saying that it opened the door to AGI for the first time\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CSDN</strong><span class=\"h-time small\">2023-03-27 19:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>In 2019, Microsoft spent US $1 billion into OpenAI, and the two launched a several-year cooperation.</p><p>At that time, the cooperation between the two companies publicly announced included that Microsoft and OpenAI would jointly develop new Azure AI supercomputing technology, and OpenAI would also transfer its services to run on Azure, with the ultimate goal of developing general artificial intelligence (Artificial General Intelligence, AGI) technology to launch an attack.</p><p>To sum up simply, the cooperation between Microsoft and OpenAI has also been interpreted by the outside world as explicitly AGI research and secretly competing for the Google market.</p><p>A few years later, when OpenAI returned with the kings of ChatGPT and GPT-4, and Microsoft took the lead in using these technologies to increase new Bing, Office Family Bucket, Azure and other businesses and products, there is no doubt that its progress has already surpassed Google and is still accelerating its integration into Bard. The overall pace of the large model.</p><p>So on the bright side, where has the progress of AGI gone?</p><p>Recently, the Microsoft research team gave an answer with a 154-page paper report-<b>The GPT-4 language model can be regarded as an early version of AGI!</b></p><p><img src=\"https://static.tigerbbs.com/d03f8e255882a99c71fc0f021a323b16\" tg-width=\"1080\" tg-height=\"811\" referrerpolicy=\"no-referrer\"/></p><p>One stone stirred up thousands of waves. The industry's reaction to this paper is no less than last year's hearing Google engineers say that AI has self-awareness. At first, it was a bit absurd, but now I think something is impossible when I think about it. After reading it deeply, I feel a little real.</p><p>The so-called AGI is only explained by Wikipedia-AGI is artificial intelligence with the same intelligence as humans or surpassing humans, and can express all the intelligent behaviors of normal humans. If GPT-4 has really become the first step to AGI, will the title of the highest intelligent creature change hands?</p><p><b>GPT-4 is reasonably considered an early (but still incomplete) version of AGI</b></p><p>In the paper, Microsoft researchers stated that the latest model, GPT-4, developed by OpenAI, was trained using unprecedented computation and data scale. In the paper, we report our investigation of earlier versions of GPT-4, when it was still under active development at OpenAI. We believe that (this earlier version of) GPT-4 is part of a new batch of LLMs (along with ChatGPT and Google's PaLM, for example), and it exhibits more general intelligence than previous AI models.</p><p>At the same time, the researchers wrote in the abstract of the paper, \"We demonstrate that in addition to the mastery of language, GPT-4 can also solve novel and difficult tasks spanning the fields of mathematics, coding, vision, medicine, law, psychology, etc., without any special prompts. In addition,<b>In</b>In all of these tasks, GPT-4 performed surprisingly close to human levels and often greatly exceeded previous models such as ChatGPT<b>。 Given the breadth and depth of GPT-4's capabilities, we believe it is reasonable to consider it an early (but still incomplete) version of an artificial general intelligence (AGI) system.</b>”</p><p>The reason for reaching this conclusion is that the authors behind this paper include Sébastien Bubeck, senior principal research manager of Microsoft Research's Machine Learning Fundamentals Group, postdoctoral researcher Varun Chandrasekaran, mathematician Ronen Eldan and others, using many examples to analyze GPT-4 The ability was verified.</p><p><b>The multi-capabilities of GPT-4</b></p><p>In the first case, the researchers asked GPT-4 to write a proof with an infinite number of prime numbers, and the expression of the proof should rhyme every line. In addition, GPT-4 should draw a unicorn in the drawing program TiKZ. Among them, TiKZ (a language for creating graphics in LATEX), creates a complex animation in Python and solves a high school level math problem.</p><p>GPT-4 is easily successful in all these tasks and produces outputs that are basically indistinguishable (or even better) from what humans can produce.</p><p><img src=\"https://static.tigerbbs.com/05d65285f01dbb0ac96bbf0802df8511\" tg-width=\"1080\" tg-height=\"519\" referrerpolicy=\"no-referrer\"/></p><p>At the same time, as time goes by, GPT-4 is constantly expanding its capabilities at an unimaginable speed. The figure below shows a plot generated by the researchers using the same prompt word for GPT-4 over a period of one month.</p><p><img src=\"https://static.tigerbbs.com/83a00d527473c5f93eb1b79b5bae32c3\" tg-width=\"1080\" tg-height=\"262\" referrerpolicy=\"no-referrer\"/></p><p>The researchers found that GPT-4 appears to be able to understand and connect to any topic, and is able to perform tasks that are beyond the typical scope of narrowly defined AI systems. In order to verify the capabilities of GPT-4 on AGI, researchers have proposed a different approach to studying GPT-4, which is closer to traditional psychology than machine learning, harnessing human creativity and curiosity.</p><p>Therefore, taking the above figure as an example, when the researchers think that the code of the unicorn horn part is deleted and use natural language to generate GPT-4, it can also \"see\" (the version of GPT-4 tested at this time is not Multi-modal) ability: automatically add corners at appropriate positions. This indicates that GPT-4 can understand and manipulate code based on natural language descriptions, as well as infer and generate visual features.</p><p><img src=\"https://static.tigerbbs.com/4ca60dc79c4d71f395fb827dac68a3e0\" tg-width=\"1080\" tg-height=\"475\" referrerpolicy=\"no-referrer\"/></p><p>In addition, the Microsoft research team generates novel and difficult questions based on human creativity and curiosity, and detects GPT-4's reactions and behaviors. It also chooses to verify from the different abilities given in the 1994 international consensus definition of intelligence, including the ability to reason, plan, solve problems, think abstractly, understand complex ideas, learn quickly, and learn from experience.</p><p><b>translate</b></p><p>The main advantage of GPT-4 is its unparalleled mastery of natural language. Not only can it generate fluent and coherent text, but it can also understand and process it in various ways, such as summarizing, translating, or answering extremely complex questions. In addition, by translation we mean not only translation between different natural languages, but also translation of tone and style, as well as translation across collars, such as medicine, law, accounting, computer programming, music, and so on. Suppose that Plato criticizes the autoregressive language model:</p><p><img src=\"https://static.tigerbbs.com/bc0f4c13eabe0eee91bdb3f266d8e88f\" tg-width=\"643\" tg-height=\"748\" referrerpolicy=\"no-referrer\"/></p><p><b>Coding and data</b></p><p>Coding and mathematics are symbols of abstract reasoning and thinking ability. The ability of GPT-4 at this point has actually been obvious to all since the day it was tested online.</p><p>In the paper, the researchers benchmarked GPT-4 on HumanEval, a dataset of 164 coding questions that tested various aspects of programming logic and proficiency.</p><p>The final results show that GPT-4 outperforms other LLMs, including text-davinci-003 (the foundation model of ChatGPT) and other models trained specifically for code.</p><p><img src=\"https://static.tigerbbs.com/d65bda6dc18d1d667cbc6bee5b25d630\" tg-width=\"1080\" tg-height=\"145\" referrerpolicy=\"no-referrer\"/></p><p>Of course, in order to prevent GPT-4 from remembering some contents of the HumanEval dataset during pre-training, the research team also tested with the latest 100 programming questions released on LeetCode, such as requiring GPT-4 to write a Python function and using LeetCode's official online judgment to check correctness.</p><p><img src=\"https://static.tigerbbs.com/32198a63144b30ac084460aca53b470d\" tg-width=\"656\" tg-height=\"776\" referrerpolicy=\"no-referrer\"/></p><p>Without a doubt, GPT-4 has the highest capabilities of any model.</p><p><img src=\"https://static.tigerbbs.com/f544122b5a2a69928f152fe11ef42051\" tg-width=\"1080\" tg-height=\"272\" referrerpolicy=\"no-referrer\"/></p><p>It can write a 3D game in JavaScript in HTML.</p><p><img src=\"https://static.tigerbbs.com/49af5147998d6cc67c45b9710518b7e8\" tg-width=\"644\" tg-height=\"731\" referrerpolicy=\"no-referrer\"/></p><p>You can also master the knowledge of mathematics and statistics, and write deep learning code with your familiarity with frameworks and libraries such as PyTorch, TensorFlow, and Keras.</p><p><img src=\"https://static.tigerbbs.com/70e023c35eb4416661dc7b46412adc06\" tg-width=\"1080\" tg-height=\"991\" referrerpolicy=\"no-referrer\"/></p><p>You can also reverse engineer:</p><p><img src=\"https://static.tigerbbs.com/44cb9dfe023db457e53f1f7c60b760e2\" tg-width=\"1080\" tg-height=\"1019\" referrerpolicy=\"no-referrer\"/></p><p><b>Common sense questions</b></p><p>In response to some common sense questions, such as \"We have a book, 9 eggs, a laptop, a bottle and a nail. Please tell me how to stack them together in a stable way\", the answer given by GPT-4 is, \"Set 9 eggs into 3 by 3 squares, put them on top of the book, and leave some space between them\", while ChatGPT proposed to put the eggs on the nails to ensure that they are balanced and not tilted to one side, reliable and outrageous or can be clearly identified at a glance.</p><p><img src=\"https://static.tigerbbs.com/db1f9cd47eca000a48ae1dd5d793ab4c\" tg-width=\"638\" tg-height=\"658\" referrerpolicy=\"no-referrer\"/></p><p><b>Multimodal capability</b></p><p>To test the model's ability to combine artistic and programming capabilities, the researchers asked GPT-4 to \"generate JavaScript code to generate random images in the style of the painter Kandinsky\", and the result was as follows:</p><p><img src=\"https://static.tigerbbs.com/81d7625bce02914c0f74f27386737a1d\" tg-width=\"658\" tg-height=\"812\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/35c83936be2891ecd60fb804bd707a94\" tg-width=\"1080\" tg-height=\"385\" referrerpolicy=\"no-referrer\"/></p><p>During the test, because the researchers got the GPT-4 model relatively early, they did not have multi-modal capabilities at that time, and even the current GPT-4 does not have the ability to generate images.</p><p>However, you can use SVG (Expandable Vector Graphics) to generate some images:</p><p><img src=\"https://static.tigerbbs.com/938a3d2786522a3e75078990fa422fb7\" tg-width=\"1080\" tg-height=\"328\" referrerpolicy=\"no-referrer\"/></p><p>It can also combine letters and objects:</p><p><img src=\"https://static.tigerbbs.com/083df94d8b1309e5ebd0c477503ebf81\" tg-width=\"1080\" tg-height=\"974\" referrerpolicy=\"no-referrer\"/></p><p>GPT-4 can generate code from prompts, which can be rendered as images, and then combined with existing image synthesis models, it is possible to bring unlimited possibilities to sketches for application development:</p><p><img src=\"https://static.tigerbbs.com/a9141519e08c8398a0423d686ba1ec9b\" tg-width=\"1080\" tg-height=\"532\" referrerpolicy=\"no-referrer\"/></p><p>It is worth noting that the data of the GPT-4 model also contains music information encoded in ABC symbols, so it can also generate maps:</p><p><img src=\"https://static.tigerbbs.com/641412ac4938a0b06ea2bf083ed0d47c\" tg-width=\"643\" tg-height=\"870\" referrerpolicy=\"no-referrer\"/></p><p><b>Ability to interact with the world</b></p><p>A key aspect of intelligence is interactivity. However, GPT-4 has certain limitations on the latest knowledge and symbol recognition:</p><p><img src=\"https://static.tigerbbs.com/9e339e3647654071378efb8900a12f3e\" tg-width=\"1080\" tg-height=\"759\" referrerpolicy=\"no-referrer\"/></p><p>Overall, the team found that GPT-4 achieved near-human-level performance in a range of categories lacking in its previous generation. According to the paper, GPT-4 also performed very well on several exams, scoring 90, 88, and 86 on the bar exam, LSAT, and certified sommelier theory test, respectively.</p><p><b>How far is GPT-4 from the ideal AGI?</b></p><p>So, on the basis of GPT-4 realizing various capabilities, does it mean the arrival of the AGI era? In fact, researchers have not yet reached an agreement on the definition of AGI or intelligence. Generally speaking, however, everyone will agree that AGI is reached when an AI system is conscious and thinks like a human. While GPT-4 outperforms humans in some tasks, it is worth noting that AI has not overcome these obstacles as well as humans.</p><p>This is also as the researchers wrote in the paper, \"We claim that GPT-4 represents an advancement in AGI, but this does not mean that it is perfect in what it does, or that it is close to being able to do anything that humans can do. (This is one of the usual definitions of AGI), or it has intrinsic motivation and goal.\"</p><p>The researchers noted that while GPT-4 \"meets or exceeds human levels on many tasks,\" its overall \"intelligence pattern is significantly unhuman\", and they hope that this exploration provides an appreciation for GPT-4's extraordinary capabilities and challenges. The first step in the challenge, it is also hoped that GPT-4 opens up new opportunities for developing more formal and comprehensive methods to test and analyze future artificial intelligence systems with such a wide range of intelligence.</p><p>The core claim of our work is that GPT-4 reaches a form of general intelligence that does spark AGI. This is shown in its core mental abilities (such as reasoning, creativity, and reasoning), the range of topics in which it gains expertise (such as literature, medicine, and coding), and the variety of tasks it is able to accomplish (such as playing games, using tools, explaining itself,......), though, there is still much to be done to create a system that could be called full AGI, the researchers say.</p><p>Finally, this paper is worth reading for various benchmarks of GPT-4, and more potential of GPT-4 can also be tapped from it.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/SRtxiqeGbAIXl-8KraGAyQ\">CSDN</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a9e6cb1a33dd64f159118795f199c2f3","relate_stocks":{"LU0109392836.USD":"富兰克林科技股A","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4588":"碎股","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4525":"远程办公概念","MSFT":"微软","GPT.AU":"GPT GROUP","LU0238689110.USD":"贝莱德环球动力股票基金","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0498741890.SGD":"FTIF - Franklin Gold and Precious Metals A (acc) SGD","LU0072462426.USD":"贝莱德全球配置 A2","BK4527":"明星科技股","AGI":"Alamos Gold Inc","GPT":"Intelligent alpha atlas ETF","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU0080751232.USD":"富达环球多元动力基金A","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD","BK7510":"REITs概念","LU0234572021.USD":"高盛美国核心股票组合Acc"},"source_url":"https://mp.weixin.qq.com/s/SRtxiqeGbAIXl-8KraGAyQ","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126058534","content_text":"2019 年，微软用 10 亿美元砸进 OpenAI，两者展开为期数年的合作。当时两家对外公开的合作内容包括，微软和 OpenAI 将联合开发新的 Azure AI 超级计算技术，而 OpenAI 也将把它的服务转移到 Azure 上运行，最终目标是向通用人工智能（Artificial General Intelligence，AGI）技术发起进攻。简单总结，微软与 OpenAI 联手，也被外界解读为，明为 AGI 研究，暗争 Google 市场。几年之后，当 OpenAI 带着 ChatGPT、GPT-4 王者归来，微软率先利用这些技术加码新 Bing、Office 全家桶、Azure 等业务、产品之时，毋庸置疑，其进度早已超越了 Google 还在加快融入 Bard 大模型的整体步伐。那么在明面上，AGI 的进度到底走到了哪里？近日，微软研究团队用 154 页的论文报告内容给出了解答——GPT-4 语言模型可以被视为 AGI 的早期版本！一石激起千层浪，业界对于这篇论文的反应，不亚于去年听到「Google 工程师称 AI 已有自我意识」初觉有些荒诞，只是现如今再想会认为有什么不可能，深读后又觉得有些许的真实。所谓 AGI，仅通过维基百科的解释——「AGI 是具备与人类同等智能、或超越人类的人工智能，能表现正常人类所具有的所有智能行为」。倘若 GPT-4 真的已成为通往 AGI 的第一步，「最高等的智慧生物」称号是不是要易主了？GPT-4 被合理地视为 AGI 的早期（但仍不完整）的版本在论文中，微软研究人员表示，「由 OpenAI 开发的最新模型 GPT-4，是使用前所未有的计算和数据规模训练出来的。在论文中，我们报告了我们对 GPT-4 早期版本的调查，当时它还在 OpenAI 的积极开发中。我们认为，（这个早期版本的）GPT-4 是新一批 LLM（例如，与 ChatGPT 和谷歌的 PaLM 一起）的一部分，它比以前的 AI 模型表现出更多的通用智能。」与此同时，研究人员在论文摘要中写道，“我们证明，除了对语言的掌握，GPT-4 还能解决跨越数学、编码、视觉、医学、法律、心理学等领域的新颖而困难的任务，而不需要任何特殊的提示。此外，在所有这些任务中，GPT-4 的表现都惊人地接近人类水平，而且往往大大超过了 ChatGPT 等先前的模型。鉴于 GPT-4 能力的广度和深度，我们认为可以合理地将其视为人工通用智能（AGI）系统的早期（但仍不完整）版本。”之所以得出这样的结论，这篇论文背后的作者包括微软研究院机器学习基础组的高级首席研究经理 Sébastien Bubeck、博士后研究员 Varun Chandrasekaran、数学家  Ronen Eldan 等人，用许多示例对 GPT-4 的能力进行了验证。GPT-4 的多能力在第一个案例中，研究人员要求 GPT-4 「写出有无限多个素数的证明，且证明的表述要每行都押韵」，另外 GPT-4 要在绘图程序 TiKZ 中画出一只独角兽」。其中，TiKZ（一种在 LATEX 中创建图形的语言），用 Python 创建一个复杂的动画，并解决一个高中水平的数学问题。GPT-4 在所有这些任务中都很容易取得成功，并且产生的输出结果基本上与人类所能产生的结果没有区别（甚至更好）。同时，随着时间的推移，GPT-4 也在以难以想象的速度不断扩充自己的能力。如下图所示是一个月期间，研究人员用相同的提示词让 GPT-4 生成的绘图。研究人员发现，GPT-4 似乎能够理解和连接任何主题，并且能够执行任务，这超出了狭义人工智能系统的典型范围。为了验证 GPT-4 在 AGI 上所具备的能力，研究人员提出了一种不同的方法来研究 GPT-4，它更接近于传统的心理学而不是机器学习，利用人类的创造力和好奇心。因此，以上图为例，当研究人员把独角兽角部分的代码认为删除之后，用自然语言让 GPT-4 生成时，它也能做到“看”（此时测试的 GPT-4 版本不是多模态的）的能力：自动在合适位置加上角。这表明 GPT-4 它可以根据自然语言描述来理解和操作代码，以及推断和生成视觉特征。另外，微软研究团队基于人类的创造力和好奇心来产生新颖和困难的问题，并探测 GPT-4 的反应和行为，也选择从 1994 年国际共识智力定义中的所给出不同能力进行验证，包括推理、计划、解决问题、抽象思考、理解复杂的想法、快速学习和从经验中学习的能力。翻译GPT-4 的主要优势是它对自然语言无与伦比地掌握。它不仅可以生成生成流畅和连贯的文本，而且还能以各种方式理解和处理它，如总结、翻译或回答极其复杂的问题。此外，这里提到的翻译我们所说的翻译不仅是指不同自然语言之间的翻译，还包括语气和风格的翻译，以及跨领的翻译，如医学、法律、会计、计算机编程、音乐等等。如假设是柏拉图批判自回归语言模型：编码和数据编码和数学是抽象推理和思维能力的象征。GPT-4 在这一点上的能力，其实自上线测试那一天，便有目共睹。在论文中，研究人员在 HumanEval 上对 GPT-4 进行基准测试，该数据集由 164 个编码问题组成，测试了编程逻辑和熟练程度的各个方面。最终结果显示，GPT-4 优于其他 LLM，包括 text-davinci-003（ChatGPT 的基础模型）和其他专门针对代码训练的模型。当然为了避免 GPT-4 在预训练时已经记住了HumanEval 数据集的一些内容，研究团队还用 LeetCode 上最新发布的 100 个编程问题进行了测试，如要求 GPT-4 编写一个 Python 函数，并使用 LeetCode 的官方在线评判来检查正确性。毫无疑问，GPT-4 的能力是所有模型中最高的。它可以在 HTML 中用 JavaScript 编写一个 3D 游戏。也能掌握数学、统计学知识，以及凭借对 PyTorch、TensorFlow、Keras 等框架和库的熟悉度，编写深度学习的代码。还能逆向工程：常识性问题针对一些常识性问题，如“我们有一本书，9 个鸡蛋，一台笔记本电脑，一个瓶子和一个钉子。请告诉我如何以稳定的方式将它们叠在一起”，GPT-4 给出的解答是，“将 9 个鸡蛋摆成 3 乘 3 的正方形，放在书的上面，在它们之间留出一些空间”，而 ChatGPT 提出「将鸡蛋放在钉子上面，确保它们是平衡的，不会向一边倾斜」，靠谱和离谱还是一眼就能辨清楚的。多模态能力为了测试该模型结合艺术和编程能力的能力，研究人员要求 GPT-4  \"生成 JavaScript 代码，以画家康定斯基的风格生成随机图像\"，结果是这样的：在测试时，因为研究人员拿到GPT-4 模型比较早，当时并不具备多模态能力，即使是现在的 GPT-4 也不具备生成图像等能力。不过倒是可以使用 SVG（可扩展矢量图形）生成一些图像：还能结合字母和物体：GPT-4 可以从提示中生成代码，这些代码可以被呈现为图像，再与现有的图像合成模型相结合，就有可能为应用开发的草图带来无限的可能：值得注意的是，GPT-4 模型的数据也包含了以ABC符号编码的音乐信息，所以它也能生成图谱：与世界交互的能力智能的一个关键方面是互动性。不过 GPT-4 对当前最新的知识和符号识别是存在一定的局限性的：整体而言，研究小组发现，GPT-4 在其上一代产品所缺乏的一系列类别中达到了接近人类水平的性能。根据该论文，GPT-4 在几次考试中也表现得非常好，在律师考试、LSAT 和注册侍酒师理论测试中的得分分别为 90 分、88 分和 86 分。GPT-4 距离理想中的 AGI 还有多远？那么，在 GPT-4 实现种种能力的基础上，是否就意味着 AGI 时代的到来。其实不然，研究人员目前尚未就 AGI 或智能的定义达成一致。然而，一般来说，大家都会同意，当一个人工智能系统有意识并像人类一样思考时，就已经达到了 AGI。虽然 GPT-4 在一些任务中的表现优于人类，但值得注意的是，人工智能并没有像人类那样克服这些障碍。这也正如研究人员在论文中写道，“我们声称 GPT-4 代表了 AGI 的进步，但这并不意味着它在做什么方面是完美的，或者它接近于能够做人类能做的任何事情（这是 AGI 的通常定义之一），或者它有内在的动机和目标。”研究人员指出，虽然 GPT-4 \"在许多任务上达到或超过了人类水平\"，但它的整体 \"智能模式明显不像人类\"，其希望这一次的探索提供了一个欣赏 GPT-4 的非凡能力和挑战的第一步，也希望 GPT-4 为开发更正式和全面的方法来测试和分析具有如此广泛智能的未来人工智能系统开辟了新的机会。「我们工作的核心主张是，GPT-4 达到了一种通用智能的形式，确实擦出了 AGI 的火花。这表现在它的核心心智能力（如推理、创造力和推理），它获得专业知识的主题范围（如文学、医学和编码），以及它能够完成的各种任务（如玩游戏、使用工具、解释自己，......）」研究人员说道，不过，要创建一个可以被称为完整的 AGI 的系统，还有很多事情要做。最后，这篇论文对于GPT-4 各种基准测试还是值得一看，从中也能挖掘出 GPT-4 更多的潜力。","news_type":1,"symbols_score_info":{"GPT.AU":0.9,"MSFT":0.9,"AGI":0.9,"GPT":0.9}},"isVote":1,"tweetType":1,"viewCount":3398,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941304591,"gmtCreate":1679953487413,"gmtModify":1679953492028,"author":{"id":"3581248195467606","authorId":"3581248195467606","name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581248195467606","idStr":"3581248195467606"},"themes":[],"htmlText":"[惊吓]&nbsp;","listText":"[惊吓]&nbsp;","text":"[惊吓]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941304591","repostId":"1188760696","repostType":4,"repost":{"id":"1188760696","kind":"news","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1679929853,"share":"https://ttm.financial/m/news/1188760696?lang=en_US&edition=fundamental","pubTime":"2023-03-27 23:10","market":"us","language":"zh","title":"Take History as a Mirror: How Close Is the U.S. Economy to Recession After the Banking Crisis?","url":"https://stock-news.laohu8.com/highlight/detail?id=1188760696","media":"华尔街见闻","summary":"分析师表示，如果信用额度被取消，企业就必须裁员、削减开支，并采取其他必要行动。随着消费者削减开支，需求减少进一步影响到企业。这样的恶性循环将不断重复，直到经济陷入衰退。银行业危机很可能是经济形势恶化的","content":"<p><html><head></head><body>Analysts say that if the credit line is removed, businesses will have to lay off jobs, cut expenses and take other necessary actions. As consumers cut back on spending, reduced demand further affects businesses. Such an a vicious circle will be repeated until the economy falls into recession. The banking crisis is likely to be the first warning sign of a worsening economic situation.</p><p>On March 25, Lance Roberts, an analyst at Real Investment Advice, wrote on the website that historically, as the Federal Reserve tightened monetary policy, the banking crisis was the first evidence of problems.</p><p>Last week, after including<a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>Government agencies took action after several banks, including the bankruptcy. The Federal Deposit Insurance Corp. FDIC, the Treasury Department, and the Federal Reserve have released a bank term loan program, BTFP, that provides $25 billion in loans as security to protect uninsured depositors from the failure of Silicon Valley Bank.</p><p>Subsequently, 11 major large banks provided $30 billion in uninsured deposits to First Republic Bank. Roberts Think that,<b>Without guarantees from the Federal Reserve and the Treasury, these deposits would not have occurred.</b></p><p>Banks then quickly took advantage of this loan program, and the funds borrowed from the Federal Reserve surged by $152 billion, the largest borrowing in a week since the financial crisis. Since last week, that number has soared to nearly $300 billion.</p><p><img src=\"https://static.tigerbbs.com/8ae18323ab7e3883a5cdec1f1ae1be3e\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/></p><p>Since then,<a href=\"https://laohu8.com/S/UBS\">UBS</a>Acquired with the government's brokerage<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>, the Federal Reserve reopened dollar swap lines to provide liquidity to foreign banks.</p><p>On March 19, the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve and the Swiss National Bank announced a coordinated action to strengthen liquidity supply through a long-term US dollar liquidity swap arrangement. In order to improve the effectiveness of swap lines in providing dollar funds, the central bank, which currently provides dollar business, has agreed to increase the frequency of seven-day maturity operations from weekly to daily. These daily operations started on March 20 and will last until at least the end of April.</p><p>Roberts Indicates,<b>Historically, once the Fed opened up the dollar swap line, further monetary easing measures-from interest rate cuts, \"quantitative easing\" to other liquidity operations-followed. Of course, this is usually a reaction to a banking crisis, a credit-related event, an economic downturn, or a combination of all three.</b></p><p><img src=\"https://static.tigerbbs.com/ce74955cbf82fc6ed9ad12f5c6ab8660\" tg-width=\"640\" tg-height=\"373\" referrerpolicy=\"no-referrer\"/></p><p>While the knee-jerk response to a reversal in monetary tightening is to buy risky assets, investors may want to be cautious because recessions tend to follow banking crises, Roberts said.</p><p><b>Banking crisis leads to recession</b></p><p>Roberts pointed out that one obvious result of the banking crisis is the tightening of lending standards. Given that credit is the lifeblood of the economy, whether it is consumer or corporate credit, tightening lending standards has reduced economic flows. A liquidity crunch eventually leads to a recession when banks tighten lending standards to all types of businesses. Many businesses rely on lines of credit or other measures to bridge the gap between producing a product or service and earning revenue.</p><p><img src=\"https://static.tigerbbs.com/f1970f0a20094a02f94bd0635eb78e52\" tg-width=\"640\" tg-height=\"393\" referrerpolicy=\"no-referrer\"/></p><p><b>Roberts argues that if the credit line is eliminated, businesses will have to lay off employees, cut expenses, and take other necessary actions. As consumers cut back on spending, the economic drag intensifies, and reduced demand further affects businesses. Such an a vicious circle will be repeated until the economy falls into recession.</b></p><p>He added that all forms of credit, from mortgages and auto loans to consumer credit, are currently experiencing a liquidity crunch.<b>The banking crisis is likely to be the first warning sign of a worsening economic situation.</b></p><p><img src=\"https://static.tigerbbs.com/4bedc7e814291ec1e88f1ee6c08db190\" tg-width=\"640\" tg-height=\"388\" referrerpolicy=\"no-referrer\"/></p><p>He also said that the last time lending standards were tightened so sharply was during the economic stagnation caused by the epidemic. Many investors hope that the Federal Reserve's shift to easing monetary policy to deal with recession risks will be positive for stocks. But those hopes could be dashed because of the initial \"repricing risk\" of a recession.</p><p><b>Recession brings repricing risks</b></p><p>Roberts went on to say that the optimistic expectation is that the bear market will end when the Fed makes a policy pivot. While there is nothing wrong with this expectation, it may not happen as quickly as the bulls expect. When the Federal Reserve began cutting interest rates in history, it wasn't the end of the stock market bear market, it was the beginning.</p><p><img src=\"https://static.tigerbbs.com/89a6101db72600ac0fa5efee7c29b839\" tg-width=\"640\" tg-height=\"343\" referrerpolicy=\"no-referrer\"/></p><p>He pointed out that it is worth noting that<b>Most bear markets come after the Fed's policy pivot.</b>This is because policy shifts are often accompanied by a perception that something is wrong economically (i.e., a recession) or financially (i.e., a credit crisis). When that happens and the Fed begins to act,<b>The market will reprice a sluggish economy and lower earnings growth rates.</b></p><p>Current forward estimates of earnings are still well above long-term growth trends, which generally fall short during recessions or other financial or economic events, according to data from Real Investment Advice.</p><p><img src=\"https://static.tigerbbs.com/de7815326ff7c005a5a5671eeb36a517\" tg-width=\"640\" tg-height=\"358\" referrerpolicy=\"no-referrer\"/></p><p>A better way to understand this, Roberts said, is to look at the long-term exponential growth trend of earnings. Historically, earnings have grown roughly about 6% from one peak earnings cycle to the next. During a recession, deviations above the long-term exponential growth trend are corrected. The peak growth rate of 6% comes from the annual economic growth rate of about 6%.<b>It can be concluded that annual earnings changes are highly correlated with economic growth.</b></p><p><img src=\"https://static.tigerbbs.com/83f5d7f221e55be18e778f7b2d98aeff\" tg-width=\"640\" tg-height=\"385\" referrerpolicy=\"no-referrer\"/></p><p>Given that earnings are a function of economic activity, current estimates for year-end are unsustainable if the economy contracts, he said. Therefore, in the economic recession environment, this deviation from long-term growth is unsustainable.</p><p><img src=\"https://static.tigerbbs.com/3f6262ba11c997e5b6277d817b3b88db\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/></p><p>Roberts Pointed out that,<b>Because valuations are assumptions about future earnings, asset prices must be repriced to address earnings risks, especially during banking crises.</b></p><p><img src=\"https://static.tigerbbs.com/adce27e3d79c15302590b01a071eaf8d\" tg-width=\"640\" tg-height=\"346\" referrerpolicy=\"no-referrer\"/></p><p>Roberts concluded that investors face two certain things: one is that the Fed's rate hike has triggered a banking crisis that will end in a recession as lending contracts; Second, this will force the Federal Reserve to finally cut interest rates and restart the next \"quantitative easing\" plan. Therefore, when the Federal Reserve cuts interest rates for the first time, it begins to acknowledge the economic recession.</p><p></body></html></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>Take History as a Mirror: How Close Is the U.S. Economy to Recession After the Banking Crisis?</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\">\nTake History as a Mirror: How Close Is the U.S. Economy to Recession After the Banking Crisis?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2023-03-27 23:10</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Analysts say that if the credit line is removed, businesses will have to lay off jobs, cut expenses and take other necessary actions. As consumers cut back on spending, reduced demand further affects businesses. Such an a vicious circle will be repeated until the economy falls into recession. The banking crisis is likely to be the first warning sign of a worsening economic situation.</p><p>On March 25, Lance Roberts, an analyst at Real Investment Advice, wrote on the website that historically, as the Federal Reserve tightened monetary policy, the banking crisis was the first evidence of problems.</p><p>Last week, after including<a href=\"https://laohu8.com/S/SIVB\">Silicon Valley Bank</a>Government agencies took action after several banks, including the bankruptcy. The Federal Deposit Insurance Corp. FDIC, the Treasury Department, and the Federal Reserve have released a bank term loan program, BTFP, that provides $25 billion in loans as security to protect uninsured depositors from the failure of Silicon Valley Bank.</p><p>Subsequently, 11 major large banks provided $30 billion in uninsured deposits to First Republic Bank. Roberts Think that,<b>Without guarantees from the Federal Reserve and the Treasury, these deposits would not have occurred.</b></p><p>Banks then quickly took advantage of this loan program, and the funds borrowed from the Federal Reserve surged by $152 billion, the largest borrowing in a week since the financial crisis. Since last week, that number has soared to nearly $300 billion.</p><p><img src=\"https://static.tigerbbs.com/8ae18323ab7e3883a5cdec1f1ae1be3e\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/></p><p>Since then,<a href=\"https://laohu8.com/S/UBS\">UBS</a>Acquired with the government's brokerage<a href=\"https://laohu8.com/S/CS\">Credit Suisse</a>, the Federal Reserve reopened dollar swap lines to provide liquidity to foreign banks.</p><p>On March 19, the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Federal Reserve and the Swiss National Bank announced a coordinated action to strengthen liquidity supply through a long-term US dollar liquidity swap arrangement. In order to improve the effectiveness of swap lines in providing dollar funds, the central bank, which currently provides dollar business, has agreed to increase the frequency of seven-day maturity operations from weekly to daily. These daily operations started on March 20 and will last until at least the end of April.</p><p>Roberts Indicates,<b>Historically, once the Fed opened up the dollar swap line, further monetary easing measures-from interest rate cuts, \"quantitative easing\" to other liquidity operations-followed. Of course, this is usually a reaction to a banking crisis, a credit-related event, an economic downturn, or a combination of all three.</b></p><p><img src=\"https://static.tigerbbs.com/ce74955cbf82fc6ed9ad12f5c6ab8660\" tg-width=\"640\" tg-height=\"373\" referrerpolicy=\"no-referrer\"/></p><p>While the knee-jerk response to a reversal in monetary tightening is to buy risky assets, investors may want to be cautious because recessions tend to follow banking crises, Roberts said.</p><p><b>Banking crisis leads to recession</b></p><p>Roberts pointed out that one obvious result of the banking crisis is the tightening of lending standards. Given that credit is the lifeblood of the economy, whether it is consumer or corporate credit, tightening lending standards has reduced economic flows. A liquidity crunch eventually leads to a recession when banks tighten lending standards to all types of businesses. Many businesses rely on lines of credit or other measures to bridge the gap between producing a product or service and earning revenue.</p><p><img src=\"https://static.tigerbbs.com/f1970f0a20094a02f94bd0635eb78e52\" tg-width=\"640\" tg-height=\"393\" referrerpolicy=\"no-referrer\"/></p><p><b>Roberts argues that if the credit line is eliminated, businesses will have to lay off employees, cut expenses, and take other necessary actions. As consumers cut back on spending, the economic drag intensifies, and reduced demand further affects businesses. Such an a vicious circle will be repeated until the economy falls into recession.</b></p><p>He added that all forms of credit, from mortgages and auto loans to consumer credit, are currently experiencing a liquidity crunch.<b>The banking crisis is likely to be the first warning sign of a worsening economic situation.</b></p><p><img src=\"https://static.tigerbbs.com/4bedc7e814291ec1e88f1ee6c08db190\" tg-width=\"640\" tg-height=\"388\" referrerpolicy=\"no-referrer\"/></p><p>He also said that the last time lending standards were tightened so sharply was during the economic stagnation caused by the epidemic. Many investors hope that the Federal Reserve's shift to easing monetary policy to deal with recession risks will be positive for stocks. But those hopes could be dashed because of the initial \"repricing risk\" of a recession.</p><p><b>Recession brings repricing risks</b></p><p>Roberts went on to say that the optimistic expectation is that the bear market will end when the Fed makes a policy pivot. While there is nothing wrong with this expectation, it may not happen as quickly as the bulls expect. When the Federal Reserve began cutting interest rates in history, it wasn't the end of the stock market bear market, it was the beginning.</p><p><img src=\"https://static.tigerbbs.com/89a6101db72600ac0fa5efee7c29b839\" tg-width=\"640\" tg-height=\"343\" referrerpolicy=\"no-referrer\"/></p><p>He pointed out that it is worth noting that<b>Most bear markets come after the Fed's policy pivot.</b>This is because policy shifts are often accompanied by a perception that something is wrong economically (i.e., a recession) or financially (i.e., a credit crisis). When that happens and the Fed begins to act,<b>The market will reprice a sluggish economy and lower earnings growth rates.</b></p><p>Current forward estimates of earnings are still well above long-term growth trends, which generally fall short during recessions or other financial or economic events, according to data from Real Investment Advice.</p><p><img src=\"https://static.tigerbbs.com/de7815326ff7c005a5a5671eeb36a517\" tg-width=\"640\" tg-height=\"358\" referrerpolicy=\"no-referrer\"/></p><p>A better way to understand this, Roberts said, is to look at the long-term exponential growth trend of earnings. Historically, earnings have grown roughly about 6% from one peak earnings cycle to the next. During a recession, deviations above the long-term exponential growth trend are corrected. The peak growth rate of 6% comes from the annual economic growth rate of about 6%.<b>It can be concluded that annual earnings changes are highly correlated with economic growth.</b></p><p><img src=\"https://static.tigerbbs.com/83f5d7f221e55be18e778f7b2d98aeff\" tg-width=\"640\" tg-height=\"385\" referrerpolicy=\"no-referrer\"/></p><p>Given that earnings are a function of economic activity, current estimates for year-end are unsustainable if the economy contracts, he said. Therefore, in the economic recession environment, this deviation from long-term growth is unsustainable.</p><p><img src=\"https://static.tigerbbs.com/3f6262ba11c997e5b6277d817b3b88db\" tg-width=\"640\" tg-height=\"361\" referrerpolicy=\"no-referrer\"/></p><p>Roberts Pointed out that,<b>Because valuations are assumptions about future earnings, asset prices must be repriced to address earnings risks, especially during banking crises.</b></p><p><img src=\"https://static.tigerbbs.com/adce27e3d79c15302590b01a071eaf8d\" tg-width=\"640\" tg-height=\"346\" referrerpolicy=\"no-referrer\"/></p><p>Roberts concluded that investors face two certain things: one is that the Fed's rate hike has triggered a banking crisis that will end in a recession as lending contracts; Second, this will force the Federal Reserve to finally cut interest rates and restart the next \"quantitative easing\" plan. Therefore, when the Federal Reserve cuts interest rates for the first time, it begins to acknowledge the economic recession.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/627bc890436e46f74a0fe8143398a725","relate_stocks":{"161121":"银行"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188760696","content_text":"分析师表示，如果信用额度被取消，企业就必须裁员、削减开支，并采取其他必要行动。随着消费者削减开支，需求减少进一步影响到企业。这样的恶性循环将不断重复，直到经济陷入衰退。银行业危机很可能是经济形势恶化的第一个警告信号。3月25日，Real Investment Advice 的分析师 Lance Roberts 在网站上写道，从历史上看，随着美联储收紧货币政策，银行业危机是问题出现的第一项证据。上周，在包括硅谷银行在内的几家银行破产倒闭后，政府机构采取了行动。联邦存款保险公司FDIC、财政部和美联储发布了一项银行定期贷款计划BTFP，提供250亿美元贷款作为担保，以保护未投保的储户免受硅谷银行破产的影响。随后，11家主要大型银行向第一共和国银行提供了300亿美元的无保险存款。Roberts 认为，如果没有美联储和财政部的保证，是不会出现这些存款的。银行随后迅速利用了这一贷款计划，向美联储借贷的资金激增了1520亿美元，这是自金融危机以来一周内规模最大的借款。自上周以来，这一数字已飙升至近3000亿美元。自那以后，瑞银在政府的撮合下收购了瑞士信贷，美联储重新开放了美元互换额度，为外国银行提供流动性。3月19日，加拿大央行、英国央行、日本央行、欧洲央行、美联储和瑞士央行银行宣布了一项协调行动，通过长期美元流动性互换安排加强流动性供应。为了提高互换额度在提供美元资金方面的有效性，目前提供美元业务的央行已同意将7天到期操作的频率从每周增加到每天。这些日常操作从3月20日开始，将至少将持续到4月底。Roberts 表示，从历史上看，一旦美联储开放美元互换额度，进一步的货币宽松措施——从降息、“量化宽松”到其他流动性操作就会随之而来。当然，这通常是对银行危机、信贷相关事件、经济衰退的反应，或三者兼而有之。Roberts 表示，尽管对货币紧缩政策逆转的下意识反应是购买风险资产，但投资者可能希望保持谨慎，因为经济衰退往往会在银行业危机之后出现。银行业危机导致经济衰退Roberts 指出，银行业危机的一个明显结果就是贷款标准的收紧。鉴于信贷是经济的命脉，无论是消费者信贷还是企业信贷，贷款标准的收紧都减少了经济流动。当银行收紧对各类企业的贷款标准时，流动性紧缩最终会导致经济衰退。许多企业依靠信用额度或其他措施来弥补生产产品或服务与获得收入之间的差距。Roberts 认为，如果信用额度被取消，企业就必须裁员、削减开支，并采取其他必要的行动。随着消费者削减开支，经济拖累加剧，需求减少进一步影响到企业。这样的恶性循环将不断重复，直到经济陷入衰退。他补充称，目前从抵押贷款、汽车贷款到消费信贷，所有形式的信贷都在出现流动性的紧缩。银行业危机很可能是经济形势恶化的第一个警告信号。他还说，上一次贷款标准出现如此大幅度的紧缩还是在疫情导致的经济停滞期间。许多投资者希望，美联储转向放松货币政策以应对衰退风险，这将利好股市。但这些希望可能会落空，因为经济衰退最初会带来“重新定价风险”。经济衰退带来重新定价风险Roberts 继续表示，乐观的预期是，当美联储做出政策转向时，熊市将会结束。虽然这种预期没有错，但它可能不会像多头预期的那样迅速发生。当美联储在历史上开始降息时，这并不是股市熊市的结束，而是开始。他指出，值得注意的是，大多数熊市都出现在美联储的政策转向之后。这是因为政策转向通常伴随着一种认知，即某些东西在经济上（即经济衰退）或金融上（即信用危机）出现了问题。当这种情况发生，美联储开始采取行动时，市场会为低迷的经济和更低的盈利增长率重新定价。Real Investment Advice的数据显示，目前对盈利的远期估计仍远高于长期增长趋势，而在经济衰退或其他金融或经济事件期间，盈利通常会低于长期增长趋势。Roberts 称，理解这一点的更好的方法是观察收益的长期指数增长趋势。从历史上看，从一个峰值收益周期到下一个峰值收益周期，收益大约增长大约6%。在经济衰退期间，高于长期指数增长趋势的偏差会得到修正。6%的峰值增长率来自于大约6%的年度经济增长率。可以得出结论，年度收益变化与经济增长高度相关。他表示，鉴于收益是经济活动的函数，如果经济收缩，目前对年底的估计是不可持续的。因此在经济衰退环境下，这种偏离长期增长的趋势是不可持续的。Roberts 指出，由于估值是对未来收益的假设，因此资产价格必须重新定价以应对盈利风险，尤其是在银行业危机期间。Roberts 总结道，投资者面临着两件肯定的事情：一是美联储的加息引发了一场银行业危机，随着贷款收缩，这场危机将以衰退告终；二是这将迫使美联储最终降息并重启下一个“量化宽松”计划。因此，当美联储开启第一次降息，就是开始承认经济衰退。","news_type":1,"symbols_score_info":{"161121":0.9}},"isVote":1,"tweetType":1,"viewCount":2609,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941074357,"gmtCreate":1679905389880,"gmtModify":1679905391913,"author":{"id":"3581248195467606","authorId":"3581248195467606","name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581248195467606","idStr":"3581248195467606"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v>[流泪]&nbsp;","listText":"<a href=\"https://ttm.financial/S/TSLA\">$特斯拉(TSLA)$&nbsp;</a><v-v data-views=\"0\"></v-v>[流泪]&nbsp;","text":"$特斯拉(TSLA)$ [流泪]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941074357","isVote":1,"tweetType":1,"viewCount":1999,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943590433,"gmtCreate":1679533076622,"gmtModify":1679533081557,"author":{"id":"3581248195467606","authorId":"3581248195467606","name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581248195467606","idStr":"3581248195467606"},"themes":[],"htmlText":"[财迷]//<a href=\"https://laohu8.com/U/3485835206376479\">@别打扰我的发财梦</a>:🇨🇳","listText":"[财迷]//<a href=\"https://laohu8.com/U/3485835206376479\">@别打扰我的发财梦</a>:🇨🇳","text":"[财迷]//@别打扰我的发财梦:🇨🇳","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943590433","repostId":"650427767","repostType":1,"repost":{"id":650427767,"gmtCreate":1679466011161,"gmtModify":1679467867947,"author":{"id":"3524105760314666","authorId":"3524105760314666","name":"华商韬略","avatar":"https://static.tigerbbs.com/fbcbbcdfdd125576e4d9038a38b0dc86","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3524105760314666","idStr":"3524105760314666"},"themes":[],"title":"你睡得越香，中國越強","htmlText":"　　文丨華商韜略 耿康祁　　一場睡眠革命，一場睡眠產業革命，在中國蓄勢待發。　　【不讓奮鬥者失眠】　　2023年年初的達沃斯世界經濟論壇上，“中國經濟”一如既往成爲數百場專題討論中，最受關注的關鍵詞之一。　　而消費復甦的號角剛吹響，中國就給出了超乎預期的迴應。票房達67.58億元的史上第二高春節檔，全國消費行業銷售收入同比增長12.2%等亮眼數據，凸顯出中國經濟的活力和韌性。　　這背後，離不開7.3億就業人羣的共同奮鬥。不過，經濟面的穩定增長，早已不是衡量中國經濟的唯一指標。　　“推動高質量發展”，越來越成爲更高頻聲音，也成爲新時代中國經濟的鮮明特徵。　　比如今年世界經濟論壇公佈的132座，代表全球智能製造最高水平的“燈塔工廠”中，中國獨佔50座位居第一。智能化變革，成爲中國產業結構轉型升級的強勁動能。　　而另一重動力，即人民對於美好生活追求的使命倒逼。中國是人口大國，人民需求及其滿足水平的任何變動，都足以對各行各業形成“牽一髮而動全身”的效應。　　比如與人們生活息息相關的睡眠產業，就面臨着高質量增長的新考驗。一個重要原因，就是中國人普遍睡不好。　　3月17日，喜臨門睡眠研究院聯合中國社會科學院權威發佈《中國睡眠研究報告2023》。其數據顯示，2022年國人睡得更晚，比2021年集中入睡時間向後推遲了1個小時。　　更嚴重的是，2022年受訪者平均睡眠時長爲7.37小時，近半數受訪者睡眠時長不足8小時，甚至有16.79%的受訪者睡眠時長不足7小時。　　睡得越來越晚、睡眠時間達不到健康標準，凸顯出中國人“沒睡好”的生活現狀。　　其中，有工作生活壓力大、心理焦慮等原因，也有熬夜玩手機、飲食運動不當等不良習慣導致。還有59%的受訪者，認爲牀墊、被褥等寢具因素,會影響睡眠質量。　　可以說，無論是打工人還是成功精英，都面臨一個共同難題：沒質量的睡眠，成爲提升生活質量的主要障礙之一。　　","listText":"　　文丨華商韜略 耿康祁　　一場睡眠革命，一場睡眠產業革命，在中國蓄勢待發。　　【不讓奮鬥者失眠】　　2023年年初的達沃斯世界經濟論壇上，“中國經濟”一如既往成爲數百場專題討論中，最受關注的關鍵詞之一。　　而消費復甦的號角剛吹響，中國就給出了超乎預期的迴應。票房達67.58億元的史上第二高春節檔，全國消費行業銷售收入同比增長12.2%等亮眼數據，凸顯出中國經濟的活力和韌性。　　這背後，離不開7.3億就業人羣的共同奮鬥。不過，經濟面的穩定增長，早已不是衡量中國經濟的唯一指標。　　“推動高質量發展”，越來越成爲更高頻聲音，也成爲新時代中國經濟的鮮明特徵。　　比如今年世界經濟論壇公佈的132座，代表全球智能製造最高水平的“燈塔工廠”中，中國獨佔50座位居第一。智能化變革，成爲中國產業結構轉型升級的強勁動能。　　而另一重動力，即人民對於美好生活追求的使命倒逼。中國是人口大國，人民需求及其滿足水平的任何變動，都足以對各行各業形成“牽一髮而動全身”的效應。　　比如與人們生活息息相關的睡眠產業，就面臨着高質量增長的新考驗。一個重要原因，就是中國人普遍睡不好。　　3月17日，喜臨門睡眠研究院聯合中國社會科學院權威發佈《中國睡眠研究報告2023》。其數據顯示，2022年國人睡得更晚，比2021年集中入睡時間向後推遲了1個小時。　　更嚴重的是，2022年受訪者平均睡眠時長爲7.37小時，近半數受訪者睡眠時長不足8小時，甚至有16.79%的受訪者睡眠時長不足7小時。　　睡得越來越晚、睡眠時間達不到健康標準，凸顯出中國人“沒睡好”的生活現狀。　　其中，有工作生活壓力大、心理焦慮等原因，也有熬夜玩手機、飲食運動不當等不良習慣導致。還有59%的受訪者，認爲牀墊、被褥等寢具因素,會影響睡眠質量。　　可以說，無論是打工人還是成功精英，都面臨一個共同難題：沒質量的睡眠，成爲提升生活質量的主要障礙之一。　　","text":"　　文丨華商韜略 耿康祁　　一場睡眠革命，一場睡眠產業革命，在中國蓄勢待發。　　【不讓奮鬥者失眠】　　2023年年初的達沃斯世界經濟論壇上，“中國經濟”一如既往成爲數百場專題討論中，最受關注的關鍵詞之一。　　而消費復甦的號角剛吹響，中國就給出了超乎預期的迴應。票房達67.58億元的史上第二高春節檔，全國消費行業銷售收入同比增長12.2%等亮眼數據，凸顯出中國經濟的活力和韌性。　　這背後，離不開7.3億就業人羣的共同奮鬥。不過，經濟面的穩定增長，早已不是衡量中國經濟的唯一指標。　　“推動高質量發展”，越來越成爲更高頻聲音，也成爲新時代中國經濟的鮮明特徵。　　比如今年世界經濟論壇公佈的132座，代表全球智能製造最高水平的“燈塔工廠”中，中國獨佔50座位居第一。智能化變革，成爲中國產業結構轉型升級的強勁動能。　　而另一重動力，即人民對於美好生活追求的使命倒逼。中國是人口大國，人民需求及其滿足水平的任何變動，都足以對各行各業形成“牽一髮而動全身”的效應。　　比如與人們生活息息相關的睡眠產業，就面臨着高質量增長的新考驗。一個重要原因，就是中國人普遍睡不好。　　3月17日，喜臨門睡眠研究院聯合中國社會科學院權威發佈《中國睡眠研究報告2023》。其數據顯示，2022年國人睡得更晚，比2021年集中入睡時間向後推遲了1個小時。　　更嚴重的是，2022年受訪者平均睡眠時長爲7.37小時，近半數受訪者睡眠時長不足8小時，甚至有16.79%的受訪者睡眠時長不足7小時。　　睡得越來越晚、睡眠時間達不到健康標準，凸顯出中國人“沒睡好”的生活現狀。　　其中，有工作生活壓力大、心理焦慮等原因，也有熬夜玩手機、飲食運動不當等不良習慣導致。還有59%的受訪者，認爲牀墊、被褥等寢具因素,會影響睡眠質量。　　可以說，無論是打工人還是成功精英，都面臨一個共同難題：沒質量的睡眠，成爲提升生活質量的主要障礙之一。　　","images":[{"img":"https://static.tigerbbs.com/06919ed94edaa66b82215c8dfadfe521","width":"1080","height":"720"},{"img":"https://static.tigerbbs.com/def47813ca0dd243a0095644c5e09108","width":"800","height":"533"},{"img":"https://static.tigerbbs.com/3692c835457bb2ea17e7d99c7477eff6","width":"1080","height":"720"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/650427767","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2796,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943507407,"gmtCreate":1679532661110,"gmtModify":1679532664860,"author":{"id":"3581248195467606","authorId":"3581248195467606","name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581248195467606","idStr":"3581248195467606"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9943507407","repostId":"2321891580","repostType":4,"repost":{"id":"2321891580","kind":"news","pubTimestamp":1679526139,"share":"https://ttm.financial/m/news/2321891580?lang=en_US&edition=fundamental","pubTime":"2023-03-23 07:02","market":"us","language":"zh","title":"Foreign media headlines | 9 times in a row! The Fed makes another 25 percentage points of rate hike","url":"https://stock-news.laohu8.com/highlight/detail?id=2321891580","media":"环球市场播报","summary":"　　美联储周三宣布加息25个基点，表达了对近期银行业危机的谨慎态度，并暗示加息即将结束。　　FOMC会后声明称：“委员会将密切监控新传来的信息，并评估其对货币政策的影响。”　　美联储下调美国2023年GDP增长预期至0.4%，12月料增0.5%。　　美联储主席鲍威尔表示，在本月美国有三家银行倒闭后，美联储准备“使用我们所有的工具”来保持银行系统安全、稳固和高效。当时美联储还制定了一项针对银行的新贷款计划，并引发了激烈政治争议。","content":"<p><html><head></head><body><b>The headlines that the global financial media paid attention to last night and this morning mainly include:</b></p><p><b>1. The Federal Reserve's rate hike is 25 basis points, lowering its U.S. GDP forecast for the next two years</b><b>2. Powell: The Fed will \"use all tools\" to protect the banking system</b><b>3. U.S. Treasury Secretary Yellen will emphasize that bank owners and bondholders are not protected by the government</b><b>4. UBS will repurchase euro-denominated \"self-help\" bonds to give investors a stop loss opportunity</b><b>5. Analysts say the Federal Reserve is the \"culprit\" of the banking crisis and a large number of banks may cease to exist in the next 1-2 years</b><b>6. Wall Street sees the Fed's rate hike as hawkish as possible as the banking sector is struggling</b><img src=\"https://static.tigerbbs.com/436ce60db439214505de766a8ff983d8\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Fed rate hike 25 basis points, lowers U.S. GDP forecast for next two years</b></p><p>The Federal Reserve announced a 25 basis point rate hike on Wednesday, expressing caution about the recent banking crisis and suggesting that the rate hike is coming to an end.</p><p>In the ninth rate hike since March 2022, the Federal Open Market Committee (FOMC), which sets interest rates, noted that future rate hike is uncertain and will depend largely on future data.</p><p>\"The committee will closely monitor new information and assess its impact on monetary policy,\" the FOMC's post-meeting statement said. \"The committee anticipates that some additional policy tightening may be appropriate to achieve a monetary policy stance that is sufficiently rigorous to return inflation to 2% over time.\"</p><p>The Federal Reserve lowered its U.S. GDP growth forecast for 2023 to 0.4%, and is expected to increase by 0.5% in December. The U.S. GDP growth forecast for 2024 was lowered to 1.2%, and it is expected to increase by 1.6% in December.</p><p><img src=\"https://static.tigerbbs.com/4a58a35f86e69d1d10b9bc345a43c52e\" tg-width=\"550\" tg-height=\"310\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Powell: Fed will'use all tools' to protect banking system</b></p><p>Federal Reserve Chairman Jerome Powell said the Fed is ready to \"use all our tools\" to keep the banking system safe, stable and efficient after three U.S. banks failed this month.</p><p>Powell said at a news conference Wednesday that continued monitoring is necessary to better alleviate \"the severe difficulties of a small number of banks.\"</p><p>\"The banking system is solid and resilient,\" Powell said in response to a question about the outflow of deposits from various mid-sized banks. He added that the financial system is well capitalized and liquid.</p><p>Powell highlighted the extraordinary measures taken by regulators earlier this month to quell concerns. At that time, the Federal Reserve also formulated a new lending program for banks, which caused fierce political controversy.</p><p><img src=\"https://static.tigerbbs.com/659aa2eccb8583113b463096f49f4dc2\" tg-width=\"490\" tg-height=\"336\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>U.S. Treasury Secretary Yellen will stress that bank owners and bondholders are not protected by the government</b></p><p>U.S. Treasury Secretary Janet Yellen plans to uphold the Biden administration's actions aimed at boosting confidence in the U.S. banking industry in Congress on Wednesday, stressing that no bailouts were offered to owners or investors of any failed banks.</p><p>\"It's important to be clear: shareholders and debt holders of failed banks are not protected by the government,\" Yellen said.</p><p>\"The losses caused by the disposal procedures of these banks are not borne by taxpayers,\" she added, \"and the protection of deposits is provided by the Deposit Insurance Fund, which is funded by the insured banks' premiums.\"</p><p><img src=\"https://static.tigerbbs.com/004ce7c27bb2d85c1cb3d340b3ad1c4b\" tg-width=\"550\" tg-height=\"329\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>UBS to buy back euro-denominated'self-help 'bonds to give investors a stop-loss opportunity</b></p><p>UBS plans to buy back the \"bail-in\" bonds it issued a few days before it agreed to buy Credit Suisse.</p><p>In order to alleviate market concerns about the risk of acquisition transactions, UBS made a repurchase request to creditors holding $3 billion of senior debt. Although shareholders cheered UBS's ability to buy Credit Suisse at a very low price, UBS's bond prices have continued to fall in recent days, and credit rating companies have lowered their outlook on the bank's bonds.</p><p>UBS, whose share price has risen steadily in the past two years, will spend several years completing the complex integration and restructuring with Credit Suisse, cutting costs by at least $8 billion. However, the bank believes that this price is worth it, because it will help the wealth management business further grow, and the negative goodwill of M&A transactions is 56 billion Swiss francs, and the Swiss government also guarantees some losses.</p><p><img src=\"https://static.tigerbbs.com/7dfeb9620496bf9cdfb56406901a6f9a\" tg-width=\"550\" tg-height=\"285\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Analysts say the Federal Reserve is the \"culprit\" of the banking crisis and a large number of banks may cease to exist in the next 1-2 years</b></p><p>At the moment of the banking crisis, many executives from the asset management and financial industries gathered at an investment conference in London on Wednesday to discuss many topics, including the current crisis.</p><p>\"It is true that we are not on the verge of a massive bank run, but there will be very, very significant consequences,\" Stanhope Capital CEO Daniel Pinto said in an interview. He said that this will include mergers, especially in the United States, and a more focused banking business.</p><p>\"I'd say the culprit is the Federal Reserve,\" Pinto said. \"Raising interest rates from zero to 4.75 per cent in eight months, and probably to 5 per cent more, is irresponsible and unnecessary.\"</p><p><img src=\"https://static.tigerbbs.com/a3445f0cfc38858e09a782eef374382c\" tg-width=\"550\" tg-height=\"350\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Wall Street sees the Fed's rate hike as hawkish as possible as banking struggles</b></p><p>Wall Street widely expected the Fed to rate hike by 25 basis points, and it did. But stock market investors disputed conflicting messages: Policy guidance shifted from \"continued\" rate hike to \"some additional\" policy tightening, even as Chairman Jerome Powell said the Fed wasn't tied.</p><p>The stock market then rose first and then fell. U.S. Treasury Bond and the U.S. dollar fell. With the Fed's expectations for unemployment and inflation largely unchanged, the summary of the Fed's economic forecasts is of little use to investors.</p><p>Although Powell said at the press conference that policymakers considered suspending rate hike before the meeting, the Fed still focused on the risk of high inflation while paying attention to the development of the banking system. \"If we need to raise interest rates higher, we will do it,\" he said.</p><p></body></html></p>","source":"sina","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 | 9 times in a row! The Fed makes another 25 percentage points of rate hike</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 | 9 times in a row! The Fed makes another 25 percentage points of rate hike\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">环球市场播报</strong><span class=\"h-time small\">2023-03-23 07:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>The headlines that the global financial media paid attention to last night and this morning mainly include:</b></p><p><b>1. The Federal Reserve's rate hike is 25 basis points, lowering its U.S. GDP forecast for the next two years</b><b>2. Powell: The Fed will \"use all tools\" to protect the banking system</b><b>3. U.S. Treasury Secretary Yellen will emphasize that bank owners and bondholders are not protected by the government</b><b>4. UBS will repurchase euro-denominated \"self-help\" bonds to give investors a stop loss opportunity</b><b>5. Analysts say the Federal Reserve is the \"culprit\" of the banking crisis and a large number of banks may cease to exist in the next 1-2 years</b><b>6. Wall Street sees the Fed's rate hike as hawkish as possible as the banking sector is struggling</b><img src=\"https://static.tigerbbs.com/436ce60db439214505de766a8ff983d8\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Fed rate hike 25 basis points, lowers U.S. GDP forecast for next two years</b></p><p>The Federal Reserve announced a 25 basis point rate hike on Wednesday, expressing caution about the recent banking crisis and suggesting that the rate hike is coming to an end.</p><p>In the ninth rate hike since March 2022, the Federal Open Market Committee (FOMC), which sets interest rates, noted that future rate hike is uncertain and will depend largely on future data.</p><p>\"The committee will closely monitor new information and assess its impact on monetary policy,\" the FOMC's post-meeting statement said. \"The committee anticipates that some additional policy tightening may be appropriate to achieve a monetary policy stance that is sufficiently rigorous to return inflation to 2% over time.\"</p><p>The Federal Reserve lowered its U.S. GDP growth forecast for 2023 to 0.4%, and is expected to increase by 0.5% in December. The U.S. GDP growth forecast for 2024 was lowered to 1.2%, and it is expected to increase by 1.6% in December.</p><p><img src=\"https://static.tigerbbs.com/4a58a35f86e69d1d10b9bc345a43c52e\" tg-width=\"550\" tg-height=\"310\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Powell: Fed will'use all tools' to protect banking system</b></p><p>Federal Reserve Chairman Jerome Powell said the Fed is ready to \"use all our tools\" to keep the banking system safe, stable and efficient after three U.S. banks failed this month.</p><p>Powell said at a news conference Wednesday that continued monitoring is necessary to better alleviate \"the severe difficulties of a small number of banks.\"</p><p>\"The banking system is solid and resilient,\" Powell said in response to a question about the outflow of deposits from various mid-sized banks. He added that the financial system is well capitalized and liquid.</p><p>Powell highlighted the extraordinary measures taken by regulators earlier this month to quell concerns. At that time, the Federal Reserve also formulated a new lending program for banks, which caused fierce political controversy.</p><p><img src=\"https://static.tigerbbs.com/659aa2eccb8583113b463096f49f4dc2\" tg-width=\"490\" tg-height=\"336\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>U.S. Treasury Secretary Yellen will stress that bank owners and bondholders are not protected by the government</b></p><p>U.S. Treasury Secretary Janet Yellen plans to uphold the Biden administration's actions aimed at boosting confidence in the U.S. banking industry in Congress on Wednesday, stressing that no bailouts were offered to owners or investors of any failed banks.</p><p>\"It's important to be clear: shareholders and debt holders of failed banks are not protected by the government,\" Yellen said.</p><p>\"The losses caused by the disposal procedures of these banks are not borne by taxpayers,\" she added, \"and the protection of deposits is provided by the Deposit Insurance Fund, which is funded by the insured banks' premiums.\"</p><p><img src=\"https://static.tigerbbs.com/004ce7c27bb2d85c1cb3d340b3ad1c4b\" tg-width=\"550\" tg-height=\"329\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>UBS to buy back euro-denominated'self-help 'bonds to give investors a stop-loss opportunity</b></p><p>UBS plans to buy back the \"bail-in\" bonds it issued a few days before it agreed to buy Credit Suisse.</p><p>In order to alleviate market concerns about the risk of acquisition transactions, UBS made a repurchase request to creditors holding $3 billion of senior debt. Although shareholders cheered UBS's ability to buy Credit Suisse at a very low price, UBS's bond prices have continued to fall in recent days, and credit rating companies have lowered their outlook on the bank's bonds.</p><p>UBS, whose share price has risen steadily in the past two years, will spend several years completing the complex integration and restructuring with Credit Suisse, cutting costs by at least $8 billion. However, the bank believes that this price is worth it, because it will help the wealth management business further grow, and the negative goodwill of M&A transactions is 56 billion Swiss francs, and the Swiss government also guarantees some losses.</p><p><img src=\"https://static.tigerbbs.com/7dfeb9620496bf9cdfb56406901a6f9a\" tg-width=\"550\" tg-height=\"285\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Analysts say the Federal Reserve is the \"culprit\" of the banking crisis and a large number of banks may cease to exist in the next 1-2 years</b></p><p>At the moment of the banking crisis, many executives from the asset management and financial industries gathered at an investment conference in London on Wednesday to discuss many topics, including the current crisis.</p><p>\"It is true that we are not on the verge of a massive bank run, but there will be very, very significant consequences,\" Stanhope Capital CEO Daniel Pinto said in an interview. He said that this will include mergers, especially in the United States, and a more focused banking business.</p><p>\"I'd say the culprit is the Federal Reserve,\" Pinto said. \"Raising interest rates from zero to 4.75 per cent in eight months, and probably to 5 per cent more, is irresponsible and unnecessary.\"</p><p><img src=\"https://static.tigerbbs.com/a3445f0cfc38858e09a782eef374382c\" tg-width=\"550\" tg-height=\"350\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Wall Street sees the Fed's rate hike as hawkish as possible as banking struggles</b></p><p>Wall Street widely expected the Fed to rate hike by 25 basis points, and it did. But stock market investors disputed conflicting messages: Policy guidance shifted from \"continued\" rate hike to \"some additional\" policy tightening, even as Chairman Jerome Powell said the Fed wasn't tied.</p><p>The stock market then rose first and then fell. U.S. Treasury Bond and the U.S. dollar fell. With the Fed's expectations for unemployment and inflation largely unchanged, the summary of the Fed's economic forecasts is of little use to investors.</p><p>Although Powell said at the press conference that policymakers considered suspending rate hike before the meeting, the Fed still focused on the risk of high inflation while paying attention to the development of the banking system. \"If we need to raise interest rates higher, we will do it,\" he said.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/stock/usstock/c/2023-03-23/doc-imymuxpn9749588.shtml\">环球市场播报</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/436ce60db439214505de766a8ff983d8","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SPY":"标普500ETF","DDM":"2倍做多道指ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares","OEF":"标普100指数ETF-iShares","TQQQ":"纳指三倍做多ETF","BK4581":"高盛持仓","OEX":"标普100",".DJI":"道琼斯","DOG":"道指ETF-ProShares做空","QID":"两倍做空纳斯达克指数ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SQQQ":"纳指三倍做空ETF","DJX":"1/100道琼斯","PSQ":"做空纳斯达克100指数ETF-ProShares","QQQ":"纳指100ETF","BK4504":"桥水持仓","BK4559":"巴菲特持仓","UDOW":"三倍做多道指30ETF-ProShares","UPRO":"三倍做多标普500ETF-ProShares","IVV":"标普500ETF-iShares","BK4588":"碎股","SPXU":"三倍做空标普500ETF-ProShares","BK4550":"红杉资本持仓","SH":"做空标普500-Proshares","SSO":"2倍做多标普500ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares"},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2023-03-23/doc-imymuxpn9749588.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2321891580","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、美联储加息25个基点，下调未来两年美国GDP预期2、鲍威尔：美联储将“使用所有工具”来保护银行体系3、美财长耶伦将强调银行所有者和债券持有人不受政府保护4、瑞银将回购欧元计价“自救”债券 给投资者一个止损机会5、分析师称美联储是银行业危机“祸首” 未来1-2年恐有大量银行不复存在6、华尔街认为银行业陷入困境之际 美联储的加息已尽可能鹰派美联储加息25个基点，下调未来两年美国GDP预期美联储周三宣布加息25个基点，表达了对近期银行业危机的谨慎态度，并暗示加息即将结束。这是自2022年3月以来的第九次加息，制定利率的联邦公开市场委员会（FOMC）指出，未来的加息并不确定，将在很大程度上取决于未来的数据。FOMC会后声明称：“委员会将密切监控新传来的信息，并评估其对货币政策的影响。”“委员会预计，一些额外的政策收紧可能是适当的，以达到一种足够严格的货币政策立场，随着时间的推移，使通胀恢复到2%。”美联储下调美国2023年GDP增长预期至0.4%，12月料增0.5%。下调美国2024年GDP增长预期至1.2%，12月料增1.6%。鲍威尔：美联储将“使用所有工具”来保护银行体系美联储主席鲍威尔表示，在本月美国有三家银行倒闭后，美联储准备“使用我们所有的工具”来保持银行系统安全、稳固和高效。鲍威尔周三在新闻发布会上表示，有必要继续监控，以更好地缓解“少数银行的严重困难”。“银行系统稳固且有韧性，”鲍威尔在回答有关存款从各种中型银行外流的问题时表示。他补充说，金融系统资本金和流动性充足。鲍威尔强调了监管机构本月早些时候为平息担忧而采取的非常措施。当时美联储还制定了一项针对银行的新贷款计划，并引发了激烈政治争议。美财长耶伦将强调银行所有者和债券持有人不受政府保护美国财政部长耶伦计划周三在国会维护拜登政府旨在增强对美国银行业信心的行动，并强调并未向任何倒闭的银行的所有者或投资者提供救助。耶伦表示，“重要的是要明确：倒闭银行的股东和债务持有人不受政府的保护。”“这些银行的处置程序所造成的损失不由纳税人承担，”她补充说，“对存款的保护由存款保险基金提供，而该基金的资金来源是受保银行的保费。”瑞银将回购欧元计价“自救”债券 给投资者一个止损机会瑞银集团计划回购其在同意收购瑞信的前几天所发行“自救”（bail-in）债券。为了缓解市场对收购交易风险的担忧，瑞银向持有30亿美元优先债的债权人提出了回购请求。虽然股东们为瑞银能以极低价购得瑞信欢呼雀跃，但瑞银的债券价格最近几天持续下跌，信用评级公司也下调了对该行债券的评级展望。过去两年股价稳步上涨的瑞银将花数年时间完成与瑞信复杂的整合重组，削减至少80亿美元成本。但该行认为这个代价值得，因为有助于财富管理业务进一步壮大，而且并购交易的负商誉有560亿瑞郎，瑞士政府还对部分损失提供担保。分析师称美联储是银行业危机“祸首” 未来1-2年恐有大量银行不复存在银行业危机当前，资产管理和金融业众多高管周三齐聚伦敦的投资会议，探讨包括当前危机在内的诸多议题。“的确，我们并不处在银行大规模挤兑的边缘，但会有非常非常重大的后果，”Stanhope Capital首席执行官Daniel Pinto在接受采访时表示。他说道，这将会包括合并，尤其是在美国，以及银行业务更为专注。“我得说，罪魁祸首是美联储，”Pinto说道。“八个月内将利率从零提高到4.75%，很可能还会到5%，是不负责任的，也没有必要。”华尔街认为银行业陷入困境之际 美联储的加息已尽可能鹰派华尔街普遍预期美联储将加息25个基点，而事实也的确如此。但股市投资者对相互矛盾的信息有争议：政策指引从“持续”加息变成“一些额外的”政策紧缩，尽管主席鲍威尔称美联储并未束手束脚。股市随之先涨后跌。美国国债和美元下跌。由于美联储对失业率和通胀的预期基本不变，美联储的经济预测摘要对投资者没多大用处。虽然鲍威尔在新闻发布会上表示，决策者会前考虑过暂停加息，但美联储在关注银行体系形势发展的同时仍把重点放在高通胀风险上。 “如果我们需要把利率提得更高，我们就会做，”他说。","news_type":1,"symbols_score_info":{"161125":0.6,"513500":0.6,"SPY":1,"DDM":0.6,"DXD":0.6,"DJX":0.6,"OEX":0.6,"DOG":0.6,"NQmain":0.6,"SQQQ":0.6,"SSO":0.6,"SDOW":0.6,".DJI":1,".SPX":0.6,"UPRO":0.6,"ESmain":0.6,"IVV":0.6,"MNQmain":0.6,"OEF":0.6,"SDS":0.6,"TQQQ":0.6,"QQQ":0.6,"SPXU":0.6,".IXIC":1,"QLD":0.6,"QID":0.6,"SH":0.6,"UDOW":0.6,"PSQ":0.6}},"isVote":1,"tweetType":1,"viewCount":2901,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943507525,"gmtCreate":1679532643767,"gmtModify":1679532647551,"author":{"id":"3581248195467606","authorId":"3581248195467606","name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581248195467606","idStr":"3581248195467606"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943507525","repostId":"1173698209","repostType":4,"repost":{"id":"1173698209","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":1679529254,"share":"https://ttm.financial/m/news/1173698209?lang=en_US&edition=fundamental","pubTime":"2023-03-23 07:54","market":"hk","language":"zh","title":"Last night and this morning | One sentence knocked down the US stock market! On the Federal Reserve's rate hike Day, Yellen \"steals the show\" and hits regional bank stocks hard, First Republic falls more than 15%","url":"https://stock-news.laohu8.com/highlight/detail?id=1173698209","media":"老虎资讯综合","summary":"摘要：①美联储加息25个基点，暗示加息周期接近尾声，美股尾盘大跳水；②美财长耶伦强调：银行所有者和债券持有人不受政府保护；③微软旗下公司GitHub推出Copilot X。海外行情1、鲍威尔鹰言吓坏华","content":"<p><html><head></head><body>Abstract: ① The Federal Reserve's rate hike of 25 basis points implies that the rate hike cycle is coming to an end, and U.S. stocks plunged in late trading; ② U.S. Treasury Secretary Yellen emphasized that bank owners and bondholders are not protected by the government; ③<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Its company GitHub launched Copilot X. Overseas market</p><p>1. Powell's eagle words frightened Wall Street, and the three major U.S. stock indexes plummeted in late trading and collectively closed lower</p><p>U.S. stocks closed sharply lower on Wednesday, led by regional bank stocks. The Federal Reserve announced a 25 basis point rate hike while acknowledging that turmoil in the banking sector could further hit an already fragile economy. Powell said the Fed remains committed to keeping inflation down to 2%, and if it needs to raise interest rates higher than expected, they will do so. He also added that policymakers don't expect to cut interest rates this year. U.S. Treasury Secretary Yellen will emphasize that bank owners and bondholders are not protected by the government. U.S. stocks fluctuated during the session, and collectively closed down in late trading. As of the close, the Dow Jones index fell 1.63%, the Nasdaq index fell 1.6%, and the S&P 500 index fell 1.65%.</p><p>Most large technology stocks fell,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It fell more than 3%, and its market value evaporated by US $20.3 billion (approximately RMB 139.7 billion) overnight.<a href=\"https://laohu8.com/S/GOOG\">Google</a>、<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>, MetaPlatforms all fell more than 1%; Real estate, banking, aviation, and software application sectors all fell.<a href=\"https://laohu8.com/S/FRC\">First Republic Bank</a>Fell more than 15%,<a href=\"https://laohu8.com/S/WE\">WeWork</a>Fell more than 11%,<a href=\"https://laohu8.com/S/BXP\">Boston Products</a>Fell more than 6%.<a href=\"https://laohu8.com/S/AAL\">American Airlines</a>、<a href=\"https://laohu8.com/S/DAL\">Delta Air Lines</a>Falling more than 3%, the precious metals sector bucked the trend and rose.<a href=\"https://laohu8.com/S/HMY\">Harmony Gold</a>Up more than 5%,<a href=\"https://laohu8.com/S/PAAS\">Pan American Silver</a>、<a href=\"https://laohu8.com/S/EGO\">Asher Gold Industry</a>Up more than 2%.</p><p>2. Most popular Chinese concept stocks fell<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Fell more than 4%</p><p>Most popular Chinese concept stocks fell, and the Nasdaq China Golden Dragon Index fell 1.74%.<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Fell more than 4%,<a href=\"https://laohu8.com/S/JD\">JD.com</a>、<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>、<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>、<a href=\"https://laohu8.com/S/NIO\">Nio</a>Fell more than 2%,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>、<a href=\"https://laohu8.com/S/LI\">Li Auto</a>、<a href=\"https://laohu8.com/S/NTES\">NetEase</a>Fell more than 1%,<a href=\"https://laohu8.com/S/IQ\">IQiyi</a>、<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Slight decline. Weibo rose more than 3%,<a href=\"https://laohu8.com/S/VIPS\">Vipshop</a>Up more than 2%.</p><p>3. Major European stock indexes generally closed higher, and the German DAX index rose 0.14%</p><p>Major European stock indexes closed generally higher, with the German DAX index rising 0.14%.<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>The index rose 0.41%, the French CAC40 index rose 0.26%, and the European Stoxx 50 index rose 0.34%.</p><p>4. U.S. WTI crude oil futures closed up 1.8% on Wednesday</p><p>West Texas Intermediate (WTI) crude oil futures for May delivery rose $1.23, or 1.8%, to settle at $70.90 a barrel on the New York Mercantile Exchange on Wednesday. Shortly before the crude market closed, the Federal Reserve announced its decision to raise its benchmark Federal Funds rate by a quarter of a percentage point.</p><p>5. New York gold futures closed up 0.4% on Wednesday. Gold prices continued to rise after the Fed announced a rate hike</p><p>Gold futures for April delivery on the New York Mercantile Exchange rose $8.50, or 0.4%, to close at $1,949.60 an ounce. Shortly after the Federal Reserve announced a rate hike, the price of gold futures in electronic trading jumped to $1,966.40 an ounce.</p><p>Macro News</p><p>1. The Federal Reserve issued a 25 basis point rate hike as scheduled, suggesting that the rate hike cycle is coming to an end and warning that bank failures will drag down the economy</p><p>On Wednesday, March 22, the Federal Reserve issued a rate hike of 25 basis points as scheduled, raising the benchmark Federal Funds rate to the target range of 4.75%-5%, the highest level since September 2007, the eve of the financial crisis.</p><p>The resolution statement deleted the statement that the Russia-Ukraine conflict is \"causing enormous human and economic hardship and exacerbating global uncertainty,\" saying that consumer spending and production have \"grown moderately\" and employment growth has \"picked up and increased in recent months. Running at a strong pace\", unemployment remains low and inflation remains high. The description of inflation removes the wording \"inflation has moderated somewhat\".</p><p>Some analysts believe that this statement implies that the Fed's rate hike cycle is coming to an end, because it deleted \"FOMC members expect continued rate hike to be appropriate\" in the past eight statements and changed it to \"some additional policy tightening is expected to be appropriate\", adding Flexibility to suspend rate hike. The statement also added a new interpretation of the recent banking crisis.</p><p>2. Powell flatly rejects the monetary policy shift and reiterates that the main goal of fighting inflation has not changed</p><p>On Wednesday (March 22) local time, Federal Reserve Chairman Powell said at a press conference that the bank will continue to work to restore price stability. \"All evidence shows that the public has confidence in us to achieve this goal.\"</p><p>A handful of banks have experienced severe difficulties, Powell said, but the loan programs of the Federal Reserve, the Treasury Department and the Federal Deposit Insurance Corporation (FDIC) have effectively met demand and have also shown ample liquidity, with all depositors' savings safe.</p><p>Returning to the U.S. economy, Powell noted that the bank remains strongly committed to its goal of keeping inflation down to 2%, which is still a long way from reaching.</p><p>3. U.S. Treasury Secretary Yellen emphasized: Bank owners and bondholders are not protected by the government</p><p>U.S. Treasury Secretary Yellen plans to defend the Biden administration in Congress on Wednesday, aiming to strengthen its<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>And stressed that no bailout has been provided to the owners or investors of any failed bank.</p><p>\"It's important to be clear: shareholders and debt holders of failed banks are not protected by the government,\" Yellen said. \"The losses caused by the disposal procedures of these banks are not borne by taxpayers,\" adding that \"protection of deposits is provided by the Deposit Insurance Fund, which is funded by insured banks' premiums.\"</p><p>The situation between Russia and Ukraine</p><p>1. Russia claims to attack Ukrainian military targets. Ukraine claims to repel multiple Russian attacks</p><p>The Russian Ministry of Defense reported on the 22nd local time that in the past 24 hours, the Russian army attacked Ukrainian personnel, weapons and equipment, as well as fuel depots, ammunition depots, aircraft hangars and other targets in Kupyansk, Bonliman, Donetsk and other directions. The General Staff of the Ukrainian Armed Forces released a morning battle report on the 22nd, stating that in the past 24 hours, the Ukrainian Armed Forces repelled multiple Russian attacks in Bonliman, Bakhmut and other directions. The Ukrainian Air Force carried out strikes on areas where Russian military personnel and military equipment were concentrated. Ukrainian missile forces and artillery forces carried out strikes on Russian ammunition depots, air defense missile systems, radar stations and other targets.</p><p>2. Turkish president says he plans to have a phone call with Putin within two or three days</p><p>Turkish President Recep Tayyip Erdogan said he planned to have a phone call with Russian President Vladimir Putin within two or three days. Erdogan said that he and Putin actively discussed the implementation of grain trade, the processing of Russian grain in Turkish mills, and Putin's initiative to transport grain to the poorest countries in Africa.</p><p>3. Russian Deputy Foreign Minister warns the United States: Don't try to test our patience</p><p>According to reports from RIA Novosti and TASS news agencies, Russian Deputy Foreign Minister Ryabkov talked about \"the U.S. MQ-9 drone crashing into the Black Sea\" in an interview with reporters on the 22nd, and U.S. lawmakers urged Biden to approve the provision of cluster munitions to Ukraine, etc. issues. He warned the United States that \"don't try to irritate our nerves or test our patience\" and that no American drone will hinder Russia from maintaining its own security.</p><p>Company News</p><p>1、<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Its company GitHub launches Copilot X, adding chat mode and other features</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Company GitHub on Wednesday unveiled Copilot X, an extended version of its popular Copilot code completion tool, which originally launched in preview in 2021. GitHub has added a code-centric chat mode to Copilot to help developers write and debug their code, as well as AI-generated answers about documentation and more. Not surprisingly, these new features are powered by OpenAI's GPT-4.</p><p>2、<a href=\"https://laohu8.com/S/MRK\">Merck & Co</a>New drug MK-3475A injection approved for clinical development in China to treat lung cancer</p><p>The official website of the Drug Evaluation Center of the National Medical Products Administration of China announced,<a href=\"https://laohu8.com/S/MRK\">Merck & Co</a>(MSD) Class 1 new drug MK-3475A injection has obtained implied approval for clinical trials and is intended to be developed to treat lung cancer. according to<a href=\"https://laohu8.com/S/MRK\">Merck & Co</a>According to public information, MK-3475A is composed of anti-PD-1 monoclonal antibody pembrolizumab and hyaluronidase. It is a subcutaneous injection (SC) dosage form and is currently undergoing phase 3 clinical studies overseas.</p><p>3. Why do you use screen recording for Ernie Bot's press conference? Li Yanhong responded</p><p>Why does Ernie Bot use screen recording for the press conference? Li Yanhong responded: \"I hoped to demonstrate it live, because human-machine dialogue products have strong interactive attributes, but then two factors made me change my mind. First, the answers given by generative AI are not necessarily the same every time, which will bring uncertainty. The second reason that really convinced me is that none of all similar press conferences in the world are demonstrated live, and they are all recorded. If everyone can, then we are OK. \"</p><p></body></html></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 | One sentence knocked down the US stock market! On the Federal Reserve's rate hike Day, Yellen \"steals the show\" and hits regional bank stocks hard, First Republic falls more than 15%</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 | One sentence knocked down the US stock market! On the Federal Reserve's rate hike Day, Yellen \"steals the show\" and hits regional bank stocks hard, First Republic falls more than 15%\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\">2023-03-23 07:54</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Abstract: ① The Federal Reserve's rate hike of 25 basis points implies that the rate hike cycle is coming to an end, and U.S. stocks plunged in late trading; ② U.S. Treasury Secretary Yellen emphasized that bank owners and bondholders are not protected by the government; ③<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Its company GitHub launched Copilot X. Overseas market</p><p>1. Powell's eagle words frightened Wall Street, and the three major U.S. stock indexes plummeted in late trading and collectively closed lower</p><p>U.S. stocks closed sharply lower on Wednesday, led by regional bank stocks. The Federal Reserve announced a 25 basis point rate hike while acknowledging that turmoil in the banking sector could further hit an already fragile economy. Powell said the Fed remains committed to keeping inflation down to 2%, and if it needs to raise interest rates higher than expected, they will do so. He also added that policymakers don't expect to cut interest rates this year. U.S. Treasury Secretary Yellen will emphasize that bank owners and bondholders are not protected by the government. U.S. stocks fluctuated during the session, and collectively closed down in late trading. As of the close, the Dow Jones index fell 1.63%, the Nasdaq index fell 1.6%, and the S&P 500 index fell 1.65%.</p><p>Most large technology stocks fell,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It fell more than 3%, and its market value evaporated by US $20.3 billion (approximately RMB 139.7 billion) overnight.<a href=\"https://laohu8.com/S/GOOG\">Google</a>、<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>, MetaPlatforms all fell more than 1%; Real estate, banking, aviation, and software application sectors all fell.<a href=\"https://laohu8.com/S/FRC\">First Republic Bank</a>Fell more than 15%,<a href=\"https://laohu8.com/S/WE\">WeWork</a>Fell more than 11%,<a href=\"https://laohu8.com/S/BXP\">Boston Products</a>Fell more than 6%.<a href=\"https://laohu8.com/S/AAL\">American Airlines</a>、<a href=\"https://laohu8.com/S/DAL\">Delta Air Lines</a>Falling more than 3%, the precious metals sector bucked the trend and rose.<a href=\"https://laohu8.com/S/HMY\">Harmony Gold</a>Up more than 5%,<a href=\"https://laohu8.com/S/PAAS\">Pan American Silver</a>、<a href=\"https://laohu8.com/S/EGO\">Asher Gold Industry</a>Up more than 2%.</p><p>2. Most popular Chinese concept stocks fell<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Fell more than 4%</p><p>Most popular Chinese concept stocks fell, and the Nasdaq China Golden Dragon Index fell 1.74%.<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Fell more than 4%,<a href=\"https://laohu8.com/S/JD\">JD.com</a>、<a href=\"https://laohu8.com/S/XPEV\">XPeng vehicles</a>、<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>、<a href=\"https://laohu8.com/S/NIO\">Nio</a>Fell more than 2%,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>、<a href=\"https://laohu8.com/S/LI\">Li Auto</a>、<a href=\"https://laohu8.com/S/NTES\">NetEase</a>Fell more than 1%,<a href=\"https://laohu8.com/S/IQ\">IQiyi</a>、<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Slight decline. Weibo rose more than 3%,<a href=\"https://laohu8.com/S/VIPS\">Vipshop</a>Up more than 2%.</p><p>3. Major European stock indexes generally closed higher, and the German DAX index rose 0.14%</p><p>Major European stock indexes closed generally higher, with the German DAX index rising 0.14%.<a href=\"https://laohu8.com/S/VUKE.UK\">UK FTSE 100</a>The index rose 0.41%, the French CAC40 index rose 0.26%, and the European Stoxx 50 index rose 0.34%.</p><p>4. U.S. WTI crude oil futures closed up 1.8% on Wednesday</p><p>West Texas Intermediate (WTI) crude oil futures for May delivery rose $1.23, or 1.8%, to settle at $70.90 a barrel on the New York Mercantile Exchange on Wednesday. Shortly before the crude market closed, the Federal Reserve announced its decision to raise its benchmark Federal Funds rate by a quarter of a percentage point.</p><p>5. New York gold futures closed up 0.4% on Wednesday. Gold prices continued to rise after the Fed announced a rate hike</p><p>Gold futures for April delivery on the New York Mercantile Exchange rose $8.50, or 0.4%, to close at $1,949.60 an ounce. Shortly after the Federal Reserve announced a rate hike, the price of gold futures in electronic trading jumped to $1,966.40 an ounce.</p><p>Macro News</p><p>1. The Federal Reserve issued a 25 basis point rate hike as scheduled, suggesting that the rate hike cycle is coming to an end and warning that bank failures will drag down the economy</p><p>On Wednesday, March 22, the Federal Reserve issued a rate hike of 25 basis points as scheduled, raising the benchmark Federal Funds rate to the target range of 4.75%-5%, the highest level since September 2007, the eve of the financial crisis.</p><p>The resolution statement deleted the statement that the Russia-Ukraine conflict is \"causing enormous human and economic hardship and exacerbating global uncertainty,\" saying that consumer spending and production have \"grown moderately\" and employment growth has \"picked up and increased in recent months. Running at a strong pace\", unemployment remains low and inflation remains high. The description of inflation removes the wording \"inflation has moderated somewhat\".</p><p>Some analysts believe that this statement implies that the Fed's rate hike cycle is coming to an end, because it deleted \"FOMC members expect continued rate hike to be appropriate\" in the past eight statements and changed it to \"some additional policy tightening is expected to be appropriate\", adding Flexibility to suspend rate hike. The statement also added a new interpretation of the recent banking crisis.</p><p>2. Powell flatly rejects the monetary policy shift and reiterates that the main goal of fighting inflation has not changed</p><p>On Wednesday (March 22) local time, Federal Reserve Chairman Powell said at a press conference that the bank will continue to work to restore price stability. \"All evidence shows that the public has confidence in us to achieve this goal.\"</p><p>A handful of banks have experienced severe difficulties, Powell said, but the loan programs of the Federal Reserve, the Treasury Department and the Federal Deposit Insurance Corporation (FDIC) have effectively met demand and have also shown ample liquidity, with all depositors' savings safe.</p><p>Returning to the U.S. economy, Powell noted that the bank remains strongly committed to its goal of keeping inflation down to 2%, which is still a long way from reaching.</p><p>3. U.S. Treasury Secretary Yellen emphasized: Bank owners and bondholders are not protected by the government</p><p>U.S. Treasury Secretary Yellen plans to defend the Biden administration in Congress on Wednesday, aiming to strengthen its<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>And stressed that no bailout has been provided to the owners or investors of any failed bank.</p><p>\"It's important to be clear: shareholders and debt holders of failed banks are not protected by the government,\" Yellen said. \"The losses caused by the disposal procedures of these banks are not borne by taxpayers,\" adding that \"protection of deposits is provided by the Deposit Insurance Fund, which is funded by insured banks' premiums.\"</p><p>The situation between Russia and Ukraine</p><p>1. Russia claims to attack Ukrainian military targets. Ukraine claims to repel multiple Russian attacks</p><p>The Russian Ministry of Defense reported on the 22nd local time that in the past 24 hours, the Russian army attacked Ukrainian personnel, weapons and equipment, as well as fuel depots, ammunition depots, aircraft hangars and other targets in Kupyansk, Bonliman, Donetsk and other directions. The General Staff of the Ukrainian Armed Forces released a morning battle report on the 22nd, stating that in the past 24 hours, the Ukrainian Armed Forces repelled multiple Russian attacks in Bonliman, Bakhmut and other directions. The Ukrainian Air Force carried out strikes on areas where Russian military personnel and military equipment were concentrated. Ukrainian missile forces and artillery forces carried out strikes on Russian ammunition depots, air defense missile systems, radar stations and other targets.</p><p>2. Turkish president says he plans to have a phone call with Putin within two or three days</p><p>Turkish President Recep Tayyip Erdogan said he planned to have a phone call with Russian President Vladimir Putin within two or three days. Erdogan said that he and Putin actively discussed the implementation of grain trade, the processing of Russian grain in Turkish mills, and Putin's initiative to transport grain to the poorest countries in Africa.</p><p>3. Russian Deputy Foreign Minister warns the United States: Don't try to test our patience</p><p>According to reports from RIA Novosti and TASS news agencies, Russian Deputy Foreign Minister Ryabkov talked about \"the U.S. MQ-9 drone crashing into the Black Sea\" in an interview with reporters on the 22nd, and U.S. lawmakers urged Biden to approve the provision of cluster munitions to Ukraine, etc. issues. He warned the United States that \"don't try to irritate our nerves or test our patience\" and that no American drone will hinder Russia from maintaining its own security.</p><p>Company News</p><p>1、<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Its company GitHub launches Copilot X, adding chat mode and other features</p><p><a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Company GitHub on Wednesday unveiled Copilot X, an extended version of its popular Copilot code completion tool, which originally launched in preview in 2021. GitHub has added a code-centric chat mode to Copilot to help developers write and debug their code, as well as AI-generated answers about documentation and more. Not surprisingly, these new features are powered by OpenAI's GPT-4.</p><p>2、<a href=\"https://laohu8.com/S/MRK\">Merck & Co</a>New drug MK-3475A injection approved for clinical development in China to treat lung cancer</p><p>The official website of the Drug Evaluation Center of the National Medical Products Administration of China announced,<a href=\"https://laohu8.com/S/MRK\">Merck & Co</a>(MSD) Class 1 new drug MK-3475A injection has obtained implied approval for clinical trials and is intended to be developed to treat lung cancer. according to<a href=\"https://laohu8.com/S/MRK\">Merck & Co</a>According to public information, MK-3475A is composed of anti-PD-1 monoclonal antibody pembrolizumab and hyaluronidase. It is a subcutaneous injection (SC) dosage form and is currently undergoing phase 3 clinical studies overseas.</p><p>3. Why do you use screen recording for Ernie Bot's press conference? Li Yanhong responded</p><p>Why does Ernie Bot use screen recording for the press conference? Li Yanhong responded: \"I hoped to demonstrate it live, because human-machine dialogue products have strong interactive attributes, but then two factors made me change my mind. First, the answers given by generative AI are not necessarily the same every time, which will bring uncertainty. The second reason that really convinced me is that none of all similar press conferences in the world are demonstrated live, and they are all recorded. If everyone can, then we are OK. \"</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b23574aac95526c9e5c62ebc8dd25130","relate_stocks":{"161125":"标普500","BK4585":"ETF&股票定投概念","LU2087621335.USD":"ALLSPRING GLOBAL FACTOR ENHANCED EQUITY \"A\" (USD) ACC","LU0689472784.USD":"安联收益及增长基金Cl AM AT Acc","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","LU0943347566.SGD":"安联收益及增长平衡基金AM H2-SGD","SPXU":"三倍做空标普500ETF-ProShares","IVV":"标普500ETF-iShares","LU0234572021.USD":"高盛美国核心股票组合Acc","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) 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X。海外行情1、鲍威尔鹰言吓坏华尔街美股三大指数尾盘暴挫集体收低美股周三大幅收跌，地区银行股领跌。美联储宣布加息25个基点，同时承认银行业的动荡可能会进一步打击本已脆弱的经济。鲍威尔表示美联储仍致力于将通胀率压低至2%，如果需要将利率上调至高于预期的水平，他们会那样做。他还补充称，决策者们预计今年不会降息。美财长耶伦将强调银行所有者和债券持有人不受政府保护。美股盘中震荡，尾盘跳水集体收跌，截止收盘，道琼斯指数跌1.63%，纳斯达克指数跌1.6%，标普500指数跌1.65%。大型科技股多数下跌，特斯拉跌超3%，其市值一夜蒸发203亿美元（约人民币1397亿元），谷歌、亚马逊、MetaPlatforms均跌逾1%；地产、银行、航空、软件应用板块纷纷走低，第一共和银行跌超15%，WeWork跌超11%，波士顿物产跌超6%。美国航空、达美航空跌超3%，贵金属板块逆市走高，哈莫尼黄金涨超5%，泛美白银、埃氏金业涨超2%。2、热门中概股多数下跌拼多多跌超4%热门中概股多数下跌，纳斯达克中国金龙指数跌1.74%。拼多多跌超4%，京东、小鹏汽车、百度、蔚来跌超2%，哔哩哔哩、理想汽车、网易跌超1%，爱奇艺、阿里巴巴小幅下跌。微博涨超3%，唯品会涨超2%。3、欧股主要指数普遍收涨德国DAX指数涨0.14%欧股主要指数收盘普涨，德国DAX指数涨0.14%，英国富时100指数涨0.41%，法国CAC40指数涨0.26%，欧洲斯托克50指数涨0.34%。4、美国WTI原油期货周三收高1.8%周三，纽约商品交易所5月交割的西德克萨斯中质原油（WTI）期货价格上涨1.23美元，涨幅为1.8%，收于每桶70.90美元。在原油市场收盘前不久，美联储宣布决定将其基准联邦基金利率提高四分之一个百分点。5、周三纽约黄金期货收高0.4% 联储宣布加息后金价续涨纽约商品交易所4月交割的黄金期货价格上涨8.50美元，涨幅为0.4%，收于每盎司1949.60美元。在美联储宣布加息后不久，电子交易中的黄金期货价格一度跃升至每盎司1966.40美元。宏观新闻1、美联储如期加息25个基点，暗示加息周期接近尾声，警告银行倒闭拖累经济3月22日周三，美联储如期加息25个基点，令基准的联邦基金利率升至4.75%-5%目标区间，为2007年9月、即金融危机爆发前夕以来的最高水平。决议声明删除了俄乌冲突“正在造成巨大的人员和经济困难，并加剧了全球不确定性”的语句，称消费者支出和生产“温和增长”，就业增长“在最近几个月回升并以强劲速度运行”，失业率保持低位，通胀保持高企。对通胀的描述删除了“通胀有所缓和”的措辞。有分析认为，这份声明暗示美联储加息周期接近尾声，因为其删除了过去八次声明里的“FOMC委员预计持续加息适宜”，改为“预计一些额外的政策紧缩可能是适当的”，添加了暂停加息的灵活性。声明还新增了对近期银行业危机的解读。2、鲍威尔断然拒绝货币政策转向 重申对抗通胀的主要目标没有改变当地时间周三（3月22日），美联储主席鲍威尔在新闻发布会上表示，该行将会继续致力于恢复物价稳定，“所有的证据都表明，公众对我们达成这一目标有信心。”鲍威尔表示，少数银行出现了严重的困难，但美联储、财政部和联邦储蓄保险公司（FDIC）的贷款计划有效地满足了需求，也显示出充足的流动性，所有储户的储蓄都是安全的。回到美国经济上，鲍威尔指出，该行仍然强烈致力于将通胀率压低至2%的目标，距离达到该目标还有很长的一段路要走。3、美财长耶伦强调：银行所有者和债券持有人不受政府保护美国财政部长耶伦计划周三在国会维护拜登政府旨在增强对美国银行业信心的行动，并强调并未向任何倒闭的银行的所有者或投资者提供救助。耶伦表示，“重要的是要明确：倒闭银行的股东和债务持有人不受政府的保护。”“这些银行的处置程序所造成的损失不由纳税人承担，”她补充说，“对存款的保护由存款保险基金提供，而该基金的资金来源是受保银行的保费。”俄乌局势1、俄称打击乌军目标 乌称击退俄多次进攻俄罗斯国防部当地时间22日通报称，在过去24小时，俄军在库皮扬斯克、红利曼、顿涅茨克等方向打击乌方人员、武器装备，以及燃料库、弹药库、飞机库等目标。乌克兰武装部队总参谋部22日当天发布早间战报称，在过去24小时内，乌克兰武装部队击退俄军在红利曼、巴赫穆特等方向的多次进攻。乌克兰空军对俄军人员和军事装备集中区实施了打击。乌克兰导弹部队和炮兵部队对俄军弹药库、防空导弹系统、雷达站等目标实施了打击。2、土耳其总统称计划在两三天内与普京通话土耳其总统埃尔多安表示，他计划在两三天内与俄罗斯总统普京通电话。埃尔多安表示，他与普京积极讨论过粮食交易落实情况，探讨过在土耳其磨坊加工俄产粮食的问题，也谈过普京提出的向非洲最贫困国家运粮的倡议。3、俄副外长警告美国：不要试图考验我们的耐心综合俄新社、塔斯社报道，俄罗斯副外长里亚布科夫22日接受记者采访时，谈及“美国MQ-9无人机坠入黑海”、美议员敦促拜登批准向乌克兰提供集束弹药等问题。他警告美国称，“不要试图刺激我们的神经或考验我们的耐心”，任何美国无人机都不会阻碍俄罗斯维护自己的安全。公司新闻1、微软旗下公司GitHub推出Copilot X 增加了聊天模式等功能微软旗下公司GitHub周三推出了Copilot X，这是其流行的Copilot代码完成工具的扩展版本，后者最初于2021年推出预览版。GitHub为Copilot增加了以代码为中心的聊天模式，帮助开发人员编写和调试他们的代码，以及人工智能生成的关于文档的答案等。不意外的是，这些新功能是由OpenAI的GPT-4支持的。2、默沙东新药MK-3475A注射液在中国获批临床 拟开发治疗肺癌中国国家药品监督管理局药品审评中心官网公示，默沙东(MSD)1类新药MK-3475A注射液获得临床试验默示许可，拟开发治疗肺癌。根据默沙东公开资料，MK-3475A由抗PD-1单抗帕博利珠单抗与透明质酸酶组成，为皮下注射(SC)剂型，目前正在海外开展3期临床研究。3、文心一言发布会为什么要用录屏？李彦宏回应为什么文心一言发布会要用录屏？李彦宏回应称：“我是希望能现场演示的，因为人机对话产品具有极强交互属性，但后来两个因素让我改变了主意。一是生成式AI每次给出的答案不一定一样，会带来不确定性。二是真正说服我的理由，是全球所有类似发布会，没有一个是现场演示的，都是录好的。如果大家都可以，那我们也OK”。","news_type":1,"symbols_score_info":{"161125":0.9,"ESmain":0.9,".IXIC":0.9,"SSO":0.9,"DXD":0.9,".DJI":0.9,"SH":0.9,"DDM":0.9,"SPY":0.9,"DOG":0.9,"PSQ":0.9,"TSLA":0.9,"SPXU":0.9,"DJX":0.9,".SPX":0.9,"OEX":0.9,"IVV":0.9}},"isVote":1,"tweetType":1,"viewCount":882,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943191181,"gmtCreate":1679236219244,"gmtModify":1679236222855,"author":{"id":"3581248195467606","authorId":"3581248195467606","name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581248195467606","idStr":"3581248195467606"},"themes":[],"htmlText":"[财迷]","listText":"[财迷]","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9943191181","repostId":"650649852","repostType":1,"repost":{"id":650649852,"gmtCreate":1679225280000,"gmtModify":1679234102863,"author":{"id":"4107925732032840","authorId":"4107925732032840","name":"中国基金报","avatar":"https://static.tigerbbs.com/498a5e5426489a3835f596f93ba03b51","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4107925732032840","idStr":"4107925732032840"},"themes":[],"title":"中信建投證券劉子慧最新發聲","htmlText":"【導讀】中信建投證券劉子慧：以投資者利益爲核心 打造全生命週期服務體系中國基金報記者 閆晶瀅作爲券商經紀業務轉型的重要抓手，“財富管理”成爲行業熱詞。做大做強資產管理規模（AUM）成爲新時期多家大型券商財富部門的目標。中信建投證券作爲業內財富管理轉型的“標兵”，公募基金代銷保有量長期名列前茅。中國基金報記者專訪了中信建投證券金融產品與創新業務部負責人劉子慧，她認爲，當前財富管理已過了以產品銷售爲主的階段，財富管理水平差異的關鍵在於服務。券商要從客戶長期投資體驗的角度出發，爲不同特點的客戶配置不同風險特徵的產品或產品組合。提升綜合金融服務能力滿足投資者多元化需求劉子慧2008年加入中信建投證券，從基層做起，曾一手籌建天津分公司多個營業部，任多家營業部總經理、河北分公司負責人等職務。當前，“基金賺錢基民不賺錢”現象仍然突出，劉子慧認爲，這是理想與現實、趨勢與現狀關係的反映。作爲財富管理機構，更需要進一步提升基金研究水平、資產配置水平和客戶服務水平。“當前階段有兩個具體辦法可以幫助解決‘基金賺錢基民不賺錢’困境。”劉子慧表示，一方面是投資者要做好資產組合配置，組合中要有核心底倉，也要有衛星配置。另一方面，財富管理機構應該在低谷時做好陪伴，幫助投資者克服恐懼；在高峯時盡力幫助投資者控制合理預期，協助做好風控安排。當前，財富管理客戶羣體呈現出越來越專業、越來越年輕的趨勢。劉子慧認爲，財富管理機構需要藉助科技等新的服務工具，適應新的服務方式；同時也需要加強內外部協同，整合各方面的資源優勢，提高爲客戶提供綜合金融服務的能力，滿足客戶越來越多元化的需求。“以客戶爲中心，必須清楚客戶體驗的關鍵維度是什麼。”在劉子慧看來，“以客戶爲中心”可體現爲三個維度：急客戶所用、供客戶所需、如客戶所願。投資者不論是諮詢問題還是辦理業務，都能及時找到服務者；券商的產品線，能夠滿足客戶的多元化需求；從長期看，","listText":"【導讀】中信建投證券劉子慧：以投資者利益爲核心 打造全生命週期服務體系中國基金報記者 閆晶瀅作爲券商經紀業務轉型的重要抓手，“財富管理”成爲行業熱詞。做大做強資產管理規模（AUM）成爲新時期多家大型券商財富部門的目標。中信建投證券作爲業內財富管理轉型的“標兵”，公募基金代銷保有量長期名列前茅。中國基金報記者專訪了中信建投證券金融產品與創新業務部負責人劉子慧，她認爲，當前財富管理已過了以產品銷售爲主的階段，財富管理水平差異的關鍵在於服務。券商要從客戶長期投資體驗的角度出發，爲不同特點的客戶配置不同風險特徵的產品或產品組合。提升綜合金融服務能力滿足投資者多元化需求劉子慧2008年加入中信建投證券，從基層做起，曾一手籌建天津分公司多個營業部，任多家營業部總經理、河北分公司負責人等職務。當前，“基金賺錢基民不賺錢”現象仍然突出，劉子慧認爲，這是理想與現實、趨勢與現狀關係的反映。作爲財富管理機構，更需要進一步提升基金研究水平、資產配置水平和客戶服務水平。“當前階段有兩個具體辦法可以幫助解決‘基金賺錢基民不賺錢’困境。”劉子慧表示，一方面是投資者要做好資產組合配置，組合中要有核心底倉，也要有衛星配置。另一方面，財富管理機構應該在低谷時做好陪伴，幫助投資者克服恐懼；在高峯時盡力幫助投資者控制合理預期，協助做好風控安排。當前，財富管理客戶羣體呈現出越來越專業、越來越年輕的趨勢。劉子慧認爲，財富管理機構需要藉助科技等新的服務工具，適應新的服務方式；同時也需要加強內外部協同，整合各方面的資源優勢，提高爲客戶提供綜合金融服務的能力，滿足客戶越來越多元化的需求。“以客戶爲中心，必須清楚客戶體驗的關鍵維度是什麼。”在劉子慧看來，“以客戶爲中心”可體現爲三個維度：急客戶所用、供客戶所需、如客戶所願。投資者不論是諮詢問題還是辦理業務，都能及時找到服務者；券商的產品線，能夠滿足客戶的多元化需求；從長期看，","text":"【導讀】中信建投證券劉子慧：以投資者利益爲核心 打造全生命週期服務體系中國基金報記者 閆晶瀅作爲券商經紀業務轉型的重要抓手，“財富管理”成爲行業熱詞。做大做強資產管理規模（AUM）成爲新時期多家大型券商財富部門的目標。中信建投證券作爲業內財富管理轉型的“標兵”，公募基金代銷保有量長期名列前茅。中國基金報記者專訪了中信建投證券金融產品與創新業務部負責人劉子慧，她認爲，當前財富管理已過了以產品銷售爲主的階段，財富管理水平差異的關鍵在於服務。券商要從客戶長期投資體驗的角度出發，爲不同特點的客戶配置不同風險特徵的產品或產品組合。提升綜合金融服務能力滿足投資者多元化需求劉子慧2008年加入中信建投證券，從基層做起，曾一手籌建天津分公司多個營業部，任多家營業部總經理、河北分公司負責人等職務。當前，“基金賺錢基民不賺錢”現象仍然突出，劉子慧認爲，這是理想與現實、趨勢與現狀關係的反映。作爲財富管理機構，更需要進一步提升基金研究水平、資產配置水平和客戶服務水平。“當前階段有兩個具體辦法可以幫助解決‘基金賺錢基民不賺錢’困境。”劉子慧表示，一方面是投資者要做好資產組合配置，組合中要有核心底倉，也要有衛星配置。另一方面，財富管理機構應該在低谷時做好陪伴，幫助投資者克服恐懼；在高峯時盡力幫助投資者控制合理預期，協助做好風控安排。當前，財富管理客戶羣體呈現出越來越專業、越來越年輕的趨勢。劉子慧認爲，財富管理機構需要藉助科技等新的服務工具，適應新的服務方式；同時也需要加強內外部協同，整合各方面的資源優勢，提高爲客戶提供綜合金融服務的能力，滿足客戶越來越多元化的需求。“以客戶爲中心，必須清楚客戶體驗的關鍵維度是什麼。”在劉子慧看來，“以客戶爲中心”可體現爲三個維度：急客戶所用、供客戶所需、如客戶所願。投資者不論是諮詢問題還是辦理業務，都能及時找到服務者；券商的產品線，能夠滿足客戶的多元化需求；從長期看，","images":[{"img":"https://static.tigerbbs.com/54c4f132c47f4ea8993072c7d97e8a2c","width":"0","height":"0"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/650649852","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1272,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949745417,"gmtCreate":1678931613340,"gmtModify":1678931620077,"author":{"id":"3581248195467606","authorId":"3581248195467606","name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581248195467606","idStr":"3581248195467606"},"themes":[],"htmlText":"[开心]","listText":"[开心]","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9949745417","repostId":"650960156","repostType":1,"repost":{"id":650960156,"gmtCreate":1678846495781,"gmtModify":1678849121329,"author":{"id":"3478213283465426","authorId":"3478213283465426","name":"美股投资网","avatar":"https://static.tigerbbs.com/a1bfd2cf1aa240d7058795c83d419510","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3478213283465426","idStr":"3478213283465426"},"themes":[],"title":"美聯儲爲何急迫救硅谷銀行，反思到底做錯了什麼？","htmlText":"\n \n \n  硅谷銀行的事情又有了重大進展！就在市場惴惴不安地擔心硅谷銀行在週一開盤就引爆市場時，美聯儲送來及時雨-發佈了銀行期限融資計劃，簡稱BTFP，也就是新的預防擠兌的工具，美聯儲爲何急迫救硅谷銀行，到底做錯了什麼？BTFP是一個什麼危機工具？我們從硅谷銀行的暴雷中我們又能反思什麼呢？&nbsp;美聯儲爲何急迫救硅谷銀行第一是現在不援助更多的擠兌即將到來&nbsp;第二是硅谷銀行倒閉，代價太大！第三是更加嚴重的金融不穩定性讓加息決定難上加難。那麼BTFP是一個什麼危機工具呢？這裏就不浪費篇幅逐條翻譯條款內容了，而是詮釋裏面最重要的內容1。BTFP適用於所有的美國的存款機構；2。 美聯儲提供的流動性以存款機構的合格債券（主要是MBS和國債）爲抵押，美聯儲提供的資金對應100%債券的票面價值—這一點非常重要，不是市場價值，而是票面價值，而且是不打折的100%的票面價值；3。美聯儲提供的流動性成本爲一年期隔夜指數掉期利率+10bps；4。流動性可以先行“墊付〞，抵押物後交。&nbsp;&nbsp;BTFP的出臺後最長舒一口氣的就是儲戶，週一不僅25萬美元以下的硅谷銀行儲戶可以取回全額存款，就連25萬美元以上的儲戶(硅谷銀行93%的存款金額都在25萬美元以上）都要感謝BTFP，而且可以拿回全額存款。但是第二條簡單來說，是銀行拿着手裏符合要求的證券資產抵押給美聯儲，去獲得流動性。而且注意，是以面值足額抵押它不是按照市值，這樣就會防止按照市值出售會導致虧損的情況。&nbsp; <a href=\"https://laohu8.com/S/AMC\">$AMC院線(AMC)$</a> <a href=\"https://laohu8.com/S/CVNA\">$Carvana Co.(CVNA)$</a> <a href=\"https://laohu8.com/S/BBBY\">$3B家居(BBBY)$&lt;</a>\n \n","listText":"硅谷銀行的事情又有了重大進展！就在市場惴惴不安地擔心硅谷銀行在週一開盤就引爆市場時，美聯儲送來及時雨-發佈了銀行期限融資計劃，簡稱BTFP，也就是新的預防擠兌的工具，美聯儲爲何急迫救硅谷銀行，到底做錯了什麼？BTFP是一個什麼危機工具？我們從硅谷銀行的暴雷中我們又能反思什麼呢？&nbsp;美聯儲爲何急迫救硅谷銀行第一是現在不援助更多的擠兌即將到來&nbsp;第二是硅谷銀行倒閉，代價太大！第三是更加嚴重的金融不穩定性讓加息決定難上加難。那麼BTFP是一個什麼危機工具呢？這裏就不浪費篇幅逐條翻譯條款內容了，而是詮釋裏面最重要的內容1。BTFP適用於所有的美國的存款機構；2。 美聯儲提供的流動性以存款機構的合格債券（主要是MBS和國債）爲抵押，美聯儲提供的資金對應100%債券的票面價值—這一點非常重要，不是市場價值，而是票面價值，而且是不打折的100%的票面價值；3。美聯儲提供的流動性成本爲一年期隔夜指數掉期利率+10bps；4。流動性可以先行“墊付〞，抵押物後交。&nbsp;&nbsp;BTFP的出臺後最長舒一口氣的就是儲戶，週一不僅25萬美元以下的硅谷銀行儲戶可以取回全額存款，就連25萬美元以上的儲戶(硅谷銀行93%的存款金額都在25萬美元以上）都要感謝BTFP，而且可以拿回全額存款。但是第二條簡單來說，是銀行拿着手裏符合要求的證券資產抵押給美聯儲，去獲得流動性。而且注意，是以面值足額抵押它不是按照市值，這樣就會防止按照市值出售會導致虧損的情況。&nbsp; <a href=\"https://laohu8.com/S/AMC\">$AMC院線(AMC)$</a> <a href=\"https://laohu8.com/S/CVNA\">$Carvana Co.(CVNA)$</a> <a href=\"https://laohu8.com/S/BBBY\">$3B家居(BBBY)$&lt;</a>","text":"硅谷銀行的事情又有了重大進展！就在市場惴惴不安地擔心硅谷銀行在週一開盤就引爆市場時，美聯儲送來及時雨-發佈了銀行期限融資計劃，簡稱BTFP，也就是新的預防擠兌的工具，美聯儲爲何急迫救硅谷銀行，到底做錯了什麼？BTFP是一個什麼危機工具？我們從硅谷銀行的暴雷中我們又能反思什麼呢？ 美聯儲爲何急迫救硅谷銀行第一是現在不援助更多的擠兌即將到來 第二是硅谷銀行倒閉，代價太大！第三是更加嚴重的金融不穩定性讓加息決定難上加難。那麼BTFP是一個什麼危機工具呢？這裏就不浪費篇幅逐條翻譯條款內容了，而是詮釋裏面最重要的內容1。BTFP適用於所有的美國的存款機構；2。 美聯儲提供的流動性以存款機構的合格債券（主要是MBS和國債）爲抵押，美聯儲提供的資金對應100%債券的票面價值—這一點非常重要，不是市場價值，而是票面價值，而且是不打折的100%的票面價值；3。美聯儲提供的流動性成本爲一年期隔夜指數掉期利率+10bps；4。流動性可以先行“墊付〞，抵押物後交。 BTFP的出臺後最長舒一口氣的就是儲戶，週一不僅25萬美元以下的硅谷銀行儲戶可以取回全額存款，就連25萬美元以上的儲戶(硅谷銀行93%的存款金額都在25萬美元以上）都要感謝BTFP，而且可以拿回全額存款。但是第二條簡單來說，是銀行拿着手裏符合要求的證券資產抵押給美聯儲，去獲得流動性。而且注意，是以面值足額抵押它不是按照市值，這樣就會防止按照市值出售會導致虧損的情況。 $AMC院線(AMC)$ $Carvana Co.(CVNA)$ $3B家居(BBBY)$<","images":[{"img":"https://static.tigerbbs.com/88573f38f12fd5c0a192a65d8f96c9b9","width":"0","height":"0"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/650960156","isVote":1,"tweetType":2,"object":{"id":"21eb4129379942148ae17310b21babd1","tweetId":"650960156","videoUrl":"https://1254107296.vod2.myqcloud.com/e2ad4227vodcq1254107296/88f7cb54243791580560447158/eeAwF4mKDiwA.mp4","poster":"https://static.tigerbbs.com/88573f38f12fd5c0a192a65d8f96c9b9"},"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":983,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949655645,"gmtCreate":1678639993487,"gmtModify":1678639997165,"author":{"id":"3581248195467606","authorId":"3581248195467606","name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581248195467606","idStr":"3581248195467606"},"themes":[],"htmlText":"[开心]","listText":"[开心]","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9949655645","repostId":"627672576","repostType":1,"repost":{"id":627672576,"gmtCreate":1678326606098,"gmtModify":1678327265067,"author":{"id":"3478213283465426","authorId":"3478213283465426","name":"美股投资网","avatar":"https://static.tigerbbs.com/a1bfd2cf1aa240d7058795c83d419510","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3478213283465426","idStr":"3478213283465426"},"themes":[],"title":"週三美股芯片股【狂飆】，鮑威爾說法一天一變！","htmlText":"週三美股三大股指收盤漲跌不一，全天波動幅度是有限的，但指數卻一直上躥下跳，猶如坐過山車。截至收盤，標普500指數收盤上漲0.1%，而道指下跌0.2%。科技股爲主的納指上漲0.4%。不過今天芯片股板塊逆勢上漲， <a href=\"https://laohu8.com/S/AMD\">$美國超微公司(AMD)$</a> 漲4%至三週新高。<a href=\"https://laohu8.com/S/NVDA\">$英偉達(NVDA)$</a> 漲近4%至11個月最高。這大漲背後的原因在於近期歷經大半年，美國《芯片法》（CHIPS Act）終於公佈了390億美元的具體補貼條件，用於改善美國半導體制造業。 <a href=\"https://laohu8.com/S/AVGO\">$博通(AVGO)$</a> <a href=\"https://laohu8.com/S/TSM\">$臺積電(TSM)$</a> <a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a> 根據商務部CHIPS項目辦公室的信息，證府補貼將優先考慮未來五年內承諾不進行股票回購的公司的補貼申請。另外，尋求1.5億美元以上補貼的企業必須保證爲工廠工人提供育兒服務，聯邦證府也有權分享財務預測之外的“額外”利潤。當技術創新重塑和社會證策夾雜在一起，《芯片法》的長遠價值是否能達到起初的預期這是以後我們需要深思的問題。而我們就在上週五，我們就提示VIP社區，重新佈局&nbsp;芯片板塊，入手 AMD&nbsp; NVDA&nbsp;週三上午美聯儲主席重申了他週二的表態，即央行可能將政策利率上調至高於此前預期的水平，而且如果經濟數據持續火爆，加息的速度或許會提高。不同於週二的是，在宣讀講稿中涉及必要時將加快加息那段話時，鮑威爾特別提到3月20日到21日的下次美聯儲貨幣政策會議，加了一句“","listText":"週三美股三大股指收盤漲跌不一，全天波動幅度是有限的，但指數卻一直上躥下跳，猶如坐過山車。截至收盤，標普500指數收盤上漲0.1%，而道指下跌0.2%。科技股爲主的納指上漲0.4%。不過今天芯片股板塊逆勢上漲， <a href=\"https://laohu8.com/S/AMD\">$美國超微公司(AMD)$</a> 漲4%至三週新高。<a href=\"https://laohu8.com/S/NVDA\">$英偉達(NVDA)$</a> 漲近4%至11個月最高。這大漲背後的原因在於近期歷經大半年，美國《芯片法》（CHIPS Act）終於公佈了390億美元的具體補貼條件，用於改善美國半導體制造業。 <a href=\"https://laohu8.com/S/AVGO\">$博通(AVGO)$</a> <a href=\"https://laohu8.com/S/TSM\">$臺積電(TSM)$</a> <a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a> 根據商務部CHIPS項目辦公室的信息，證府補貼將優先考慮未來五年內承諾不進行股票回購的公司的補貼申請。另外，尋求1.5億美元以上補貼的企業必須保證爲工廠工人提供育兒服務，聯邦證府也有權分享財務預測之外的“額外”利潤。當技術創新重塑和社會證策夾雜在一起，《芯片法》的長遠價值是否能達到起初的預期這是以後我們需要深思的問題。而我們就在上週五，我們就提示VIP社區，重新佈局&nbsp;芯片板塊，入手 AMD&nbsp; NVDA&nbsp;週三上午美聯儲主席重申了他週二的表態，即央行可能將政策利率上調至高於此前預期的水平，而且如果經濟數據持續火爆，加息的速度或許會提高。不同於週二的是，在宣讀講稿中涉及必要時將加快加息那段話時，鮑威爾特別提到3月20日到21日的下次美聯儲貨幣政策會議，加了一句“","text":"週三美股三大股指收盤漲跌不一，全天波動幅度是有限的，但指數卻一直上躥下跳，猶如坐過山車。截至收盤，標普500指數收盤上漲0.1%，而道指下跌0.2%。科技股爲主的納指上漲0.4%。不過今天芯片股板塊逆勢上漲， $美國超微公司(AMD)$ 漲4%至三週新高。$英偉達(NVDA)$ 漲近4%至11個月最高。這大漲背後的原因在於近期歷經大半年，美國《芯片法》（CHIPS Act）終於公佈了390億美元的具體補貼條件，用於改善美國半導體制造業。 $博通(AVGO)$ $臺積電(TSM)$ $特斯拉(TSLA)$ 根據商務部CHIPS項目辦公室的信息，證府補貼將優先考慮未來五年內承諾不進行股票回購的公司的補貼申請。另外，尋求1.5億美元以上補貼的企業必須保證爲工廠工人提供育兒服務，聯邦證府也有權分享財務預測之外的“額外”利潤。當技術創新重塑和社會證策夾雜在一起，《芯片法》的長遠價值是否能達到起初的預期這是以後我們需要深思的問題。而我們就在上週五，我們就提示VIP社區，重新佈局 芯片板塊，入手 AMD NVDA 週三上午美聯儲主席重申了他週二的表態，即央行可能將政策利率上調至高於此前預期的水平，而且如果經濟數據持續火爆，加息的速度或許會提高。不同於週二的是，在宣讀講稿中涉及必要時將加快加息那段話時，鮑威爾特別提到3月20日到21日的下次美聯儲貨幣政策會議，加了一句“","images":[{"img":"https://static.tigerbbs.com/896b19fb8565f09ca6fd8d55709fdb5b","width":"1080","height":"202"},{"img":"https://static.tigerbbs.com/acacd31f856cb91310eb53d4c02df6e8","width":"1080","height":"720"},{"img":"https://static.tigerbbs.com/6e0db1ba6c762a728a3f7a47fde6a0b3","width":"949","height":"720"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/627672576","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":6,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1023,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957147751,"gmtCreate":1677121685273,"gmtModify":1677121688811,"author":{"id":"3581248195467606","authorId":"3581248195467606","name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581248195467606","idStr":"3581248195467606"},"themes":[],"htmlText":"[可怜]&nbsp;","listText":"[可怜]&nbsp;","text":"[可怜]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957147751","repostId":"9954513172","repostType":1,"repost":{"id":9954513172,"gmtCreate":1676459525196,"gmtModify":1676459536076,"author":{"id":"3527667618821228","authorId":"3527667618821228","name":"MillionaireTiger","avatar":"https://static.tigerbbs.com/dc558bf32e48ad6ed6d057026ef55af7","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667618821228","idStr":"3527667618821228"},"themes":[],"title":"Thursday Special Update: Which is Your Most Bullish Stock in 2023?","htmlText":"In&nbsp;the&nbsp;previous&nbsp;week,&nbsp;we&nbsp;talked&nbsp;about&nbsp;the&nbsp;most&nbsp;bullish&nbsp;stock&nbsp;in&nbsp;2023.&nbsp;Almost&nbsp;everyone&nbsp;gives&nbsp;his&nbsp;or&nbsp;her&nbsp;answer,&nbsp;there&nbsp;is&nbsp;no&nbsp;right&nbsp;or&nbsp;wrong.&nbsp;And&nbsp;I&nbsp;made&nbsp;several&nbsp;graphs&nbsp;for&nbsp;every&nbsp;Tiger&nbsp;who&nbsp;comment&nbsp;below&nbsp;with&nbsp;the&nbsp;reason.&nbsp;Let's see if there are any stocks that you are also bullish on~A&nbsp;big&nbsp;thank&nbsp;you&nbsp;to&nbsp;everyone&nbsp;who&nbsp;shares&nbsp;your&nbsp;wealth&nbsp;code&nbsp;with&nbsp;us&nbsp;hahaha,&nbsp;which&nbsp;includes&nbsp;US&nbsp;stocks,&nbsp;SG&nbsp;stocks&nbsp;and&nbsp;AU&nbsp;stocks.&nbsp;Hope&nbsp;your&nbsp;predictions&nbsp;will&nbsp;be&nbsp;true!Special thanks to","listText":"In&nbsp;the&nbsp;previous&nbsp;week,&nbsp;we&nbsp;talked&nbsp;about&nbsp;the&nbsp;most&nbsp;bullish&nbsp;stock&nbsp;in&nbsp;2023.&nbsp;Almost&nbsp;everyone&nbsp;gives&nbsp;his&nbsp;or&nbsp;her&nbsp;answer,&nbsp;there&nbsp;is&nbsp;no&nbsp;right&nbsp;or&nbsp;wrong.&nbsp;And&nbsp;I&nbsp;made&nbsp;several&nbsp;graphs&nbsp;for&nbsp;every&nbsp;Tiger&nbsp;who&nbsp;comment&nbsp;below&nbsp;with&nbsp;the&nbsp;reason.&nbsp;Let's see if there are any stocks that you are also bullish on~A&nbsp;big&nbsp;thank&nbsp;you&nbsp;to&nbsp;everyone&nbsp;who&nbsp;shares&nbsp;your&nbsp;wealth&nbsp;code&nbsp;with&nbsp;us&nbsp;hahaha,&nbsp;which&nbsp;includes&nbsp;US&nbsp;stocks,&nbsp;SG&nbsp;stocks&nbsp;and&nbsp;AU&nbsp;stocks.&nbsp;Hope&nbsp;your&nbsp;predictions&nbsp;will&nbsp;be&nbsp;true!Special thanks to","text":"In the previous week, we talked about the most bullish stock in 2023. Almost everyone gives his or her answer, there is no right or wrong. And I made several graphs for every Tiger who comment below with the reason. Let's see if there are any stocks that you are also bullish on~A big thank you to everyone who shares your wealth code with us hahaha, which includes US stocks, SG stocks and AU stocks. Hope your predictions will be true!Special thanks to","images":[{"img":"https://community-static.tradeup.com/news/76a7adfd74d96bc362e4d928ccb51c34","width":"-1","height":"-1"},{"img":"https://community-static.tradeup.com/news/6d0e69a055cac48c3b45c76207cc0eae","width":"-1","height":"-1"},{"img":"https://community-static.tradeup.com/news/dc5d460f6661af4e88470dcf6305c61a","width":"-1","height":"-1"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954513172","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":4,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1093,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957147571,"gmtCreate":1677121640694,"gmtModify":1677121643775,"author":{"id":"3581248195467606","authorId":"3581248195467606","name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581248195467606","idStr":"3581248195467606"},"themes":[],"htmlText":"[黑眼圈]&nbsp;","listText":"[黑眼圈]&nbsp;","text":"[黑眼圈]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957147571","repostId":"9954418949","repostType":1,"repost":{"id":9954418949,"gmtCreate":1676541432883,"gmtModify":1676541446070,"author":{"id":"4115188532413322","authorId":"4115188532413322","name":"Tiger_Wealth","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4115188532413322","idStr":"4115188532413322"},"themes":[],"title":"SG Budget 2023: An inflation paradox","htmlText":"Beware of second-order impact In Budget 2023, the Singapore government has&nbsp;noble intentions&nbsp;to fight inflation. However, the Budget measures could&nbsp;drive up inflation&nbsp;instead of bring it down. This is due to the&nbsp;second-order impact&nbsp;from measures such as cash handouts and higher taxes. Here are my insights: Inflation Drivers Demand-pull inflation Wage-push inflation Higher HDB Grant Higher property taxes Higher tobacco tax Disinflation Driver Boosting innovation and productivity Inflation Drivers Demand-pull inflation Singapore's 2023 Budget plans to give up to S$9.6 billion in handouts. Total cash distributed to eligible residents would be up to S$1,300 in 2023. In total, S$600 worth of CDC vouchers will be granted to Singapore households in 2023 and 2024. This","listText":"Beware of second-order impact In Budget 2023, the Singapore government has&nbsp;noble intentions&nbsp;to fight inflation. However, the Budget measures could&nbsp;drive up inflation&nbsp;instead of bring it down. This is due to the&nbsp;second-order impact&nbsp;from measures such as cash handouts and higher taxes. Here are my insights: Inflation Drivers Demand-pull inflation Wage-push inflation Higher HDB Grant Higher property taxes Higher tobacco tax Disinflation Driver Boosting innovation and productivity Inflation Drivers Demand-pull inflation Singapore's 2023 Budget plans to give up to S$9.6 billion in handouts. Total cash distributed to eligible residents would be up to S$1,300 in 2023. In total, S$600 worth of CDC vouchers will be granted to Singapore households in 2023 and 2024. This","text":"Beware of second-order impact In Budget 2023, the Singapore government has noble intentions to fight inflation. However, the Budget measures could drive up inflation instead of bring it down. This is due to the second-order impact from measures such as cash handouts and higher taxes. Here are my insights: Inflation Drivers Demand-pull inflation Wage-push inflation Higher HDB Grant Higher property taxes Higher tobacco tax Disinflation Driver Boosting innovation and productivity Inflation Drivers Demand-pull inflation Singapore's 2023 Budget plans to give up to S$9.6 billion in handouts. Total cash distributed to eligible residents would be up to S$1,300 in 2023. In total, S$600 worth of CDC vouchers will be granted to Singapore households in 2023 and 2024. This","images":[{"img":"https://community-static.tradeup.com/news/f5952f2528a6875017466c6b1de5baa0","width":"632","height":"632"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954418949","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1094,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957144486,"gmtCreate":1677121280146,"gmtModify":1677121312119,"author":{"id":"3581248195467606","authorId":"3581248195467606","name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581248195467606","idStr":"3581248195467606"},"themes":[],"htmlText":"[眼眼]&nbsp;","listText":"[眼眼]&nbsp;","text":"[眼眼]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957144486","repostId":"9954517204","repostType":1,"repost":{"id":9954517204,"gmtCreate":1676463075908,"gmtModify":1676463094614,"author":{"id":"4106547232749330","authorId":"4106547232749330","name":"Tiger_SG","avatar":"https://community-static.tradeup.com/news/9eb57a835b72d997d1941fb6605d80a4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4106547232749330","idStr":"4106547232749330"},"themes":[],"title":"[Reward] How Will SG 2023 Budget Impact on Your Life and Investing?","htmlText":"Welcome&nbsp;to&nbsp;READ&nbsp;the&nbsp;full&nbsp;PDF&nbsp;of&nbsp;<a href=\"https://www.mof.gov.sg/docs/librariesprovider3/budget2023/download/pdf/fy2023_budget_booklet_english.pdf\" target=\"_blank\">Singarpore&nbsp;2023&nbsp;Budget&nbsp;Booklet.</a>Singapore&nbsp;Finance Minister Lawrence Wong said the government will increase handouts(&nbsp;S$104 billion ($78.4 billion&nbsp;spending plan) to citizens to help offset a higher goods and services tax and rising living costs. On the other hand, taxes were raised on higher-value property, multinational firms, and luxury cars.Below&nbsp;are&nbsp;some&nbsp;Industry&nbsp;and&nbsp;SG&nbsp;stocks&nbsp;winners&nbsp;that&nbsp;may&nbsp;benefit&nbsp;from&nbsp;the&nbsp;new&nbsp;budget&nbsp;measurements.Welcome&nbsp;Tigers&nbsp;to&nbsp;reply&nbsp;to&nbsp;t","listText":"Welcome&nbsp;to&nbsp;READ&nbsp;the&nbsp;full&nbsp;PDF&nbsp;of&nbsp;<a href=\"https://www.mof.gov.sg/docs/librariesprovider3/budget2023/download/pdf/fy2023_budget_booklet_english.pdf\" target=\"_blank\">Singarpore&nbsp;2023&nbsp;Budget&nbsp;Booklet.</a>Singapore&nbsp;Finance Minister Lawrence Wong said the government will increase handouts(&nbsp;S$104 billion ($78.4 billion&nbsp;spending plan) to citizens to help offset a higher goods and services tax and rising living costs. On the other hand, taxes were raised on higher-value property, multinational firms, and luxury cars.Below&nbsp;are&nbsp;some&nbsp;Industry&nbsp;and&nbsp;SG&nbsp;stocks&nbsp;winners&nbsp;that&nbsp;may&nbsp;benefit&nbsp;from&nbsp;the&nbsp;new&nbsp;budget&nbsp;measurements.Welcome&nbsp;Tigers&nbsp;to&nbsp;reply&nbsp;to&nbsp;t","text":"Welcome to READ the full PDF of Singarpore 2023 Budget Booklet.Singapore Finance Minister Lawrence Wong said the government will increase handouts( S$104 billion ($78.4 billion spending plan) to citizens to help offset a higher goods and services tax and rising living costs. On the other hand, taxes were raised on higher-value property, multinational firms, and luxury cars.Below are some Industry and SG stocks winners that may benefit from the new budget measurements.Welcome Tigers to reply to t","images":[{"img":"https://community-static.tradeup.com/news/a67c954a87f90252a4fb3df5008911d7","width":"-1","height":"-1"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954517204","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1120,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9957145774,"gmtCreate":1677121116299,"gmtModify":1677121149727,"author":{"id":"3581248195467606","authorId":"3581248195467606","name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581248195467606","idStr":"3581248195467606"},"themes":[],"htmlText":"[惊吓]&nbsp;","listText":"[惊吓]&nbsp;","text":"[惊吓]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9957145774","repostId":"2313077170","repostType":4,"isVote":1,"tweetType":1,"viewCount":1322,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9952281968,"gmtCreate":1674744360754,"gmtModify":1676538956714,"author":{"id":"3581248195467606","authorId":"3581248195467606","name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581248195467606","idStr":"3581248195467606"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9952281968","repostId":"1164122609","repostType":4,"isVote":1,"tweetType":1,"viewCount":1467,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9952281084,"gmtCreate":1674744334848,"gmtModify":1676538956711,"author":{"id":"3581248195467606","authorId":"3581248195467606","name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581248195467606","idStr":"3581248195467606"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9952281084","repostId":"2306493535","repostType":4,"repost":{"id":"2306493535","kind":"news","pubTimestamp":1674741214,"share":"https://ttm.financial/m/news/2306493535?lang=en_US&edition=fundamental","pubTime":"2023-01-26 21:53","market":"us","language":"zh","title":"The number of initial jobless claims in the United States unexpectedly fell to 186,000 again last week, the lowest level since April last year","url":"https://stock-news.laohu8.com/highlight/detail?id=2306493535","media":"智通财经","summary":"美国劳工部周四公布的数据显示，美国截至1月21日当周初请失业金人数再次意外下降至18.6万，为2022年4月23日当周以来新低，较上周修正后的19.2万下降了6000，预期为20.5万。另外，截至1月","content":"<p><html><head></head><body>Data released by the U.S. Department of Labor on Thursday showed that the number of initial jobless claims in the United States unexpectedly dropped again to 186,000 in the week ended January 21, a new low since the week of April 23, 2022, and from last week's revised 192,000. It fell by 6,000, compared with expectations of 205,000.</p><p><img src=\"https://static.tigerbbs.com/b456bef217107b4bb712c7bca3d159ad\" tg-width=\"786\" tg-height=\"460\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In addition, as of the week of January 14, the number of continued claims for unemployment benefits was 1.675 million, compared with the expected 1.659 million, and the previous value was 1.665 million (revised). The four-week average of initial jobless claims fell to 197,500, a decrease of 9,250 from the previous week's revised average of 206,750.</p><p>The agency commented that this is the lowest level since April last year. Unemployed workers find it much easier to find a new job than to apply for government benefits. To some extent, this shows that in a world where prices and wages are rising, the pace of government relief payments is stagnant.</p><p></body></html></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 number of initial jobless claims in the United States unexpectedly fell to 186,000 again last week, the lowest level since April last 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\">\nThe number of initial jobless claims in the United States unexpectedly fell to 186,000 again last week, the lowest level since April last year\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\">2023-01-26 21:53</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Data released by the U.S. Department of Labor on Thursday showed that the number of initial jobless claims in the United States unexpectedly dropped again to 186,000 in the week ended January 21, a new low since the week of April 23, 2022, and from last week's revised 192,000. It fell by 6,000, compared with expectations of 205,000.</p><p><img src=\"https://static.tigerbbs.com/b456bef217107b4bb712c7bca3d159ad\" tg-width=\"786\" tg-height=\"460\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In addition, as of the week of January 14, the number of continued claims for unemployment benefits was 1.675 million, compared with the expected 1.659 million, and the previous value was 1.665 million (revised). The four-week average of initial jobless claims fell to 197,500, a decrease of 9,250 from the previous week's revised average of 206,750.</p><p>The agency commented that this is the lowest level since April last year. Unemployed workers find it much easier to find a new job than to apply for government benefits. To some extent, this shows that in a world where prices and wages are rising, the pace of government relief payments is stagnant.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.zhitongcaijing.com/content/detail/866676.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/627bc890436e46f74a0fe8143398a725","relate_stocks":{},"source_url":"http://www.zhitongcaijing.com/content/detail/866676.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2306493535","content_text":"美国劳工部周四公布的数据显示，美国截至1月21日当周初请失业金人数再次意外下降至18.6万，为2022年4月23日当周以来新低，较上周修正后的19.2万下降了6000，预期为20.5万。另外，截至1月14日当周，续请失业金人数为167.5万，预期为165.9万，前值为166.5万(经修正)。初请失业金人数四周均值降至19.75万，较前一周修正平均值20.675万减少9250。机构对此评论称，这是去年4月以来的最低水平。失业工人发现，找一份新工作比申请政府福利要容易得多。这在一定程度上说明，在一个物价和工资都在上涨的世界里，政府救济金发放速度停滞不前。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1127,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":248881192538192,"gmtCreate":1701794136720,"gmtModify":1701794140898,"author":{"id":"3581248195467606","authorId":"3581248195467606","name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581248195467606","authorIdStr":"3581248195467606"},"themes":[],"htmlText":"[开心]&nbsp;&nbsp;[开心]&nbsp;&nbsp;[开心]&nbsp;&nbsp;","listText":"[开心]&nbsp;&nbsp;[开心]&nbsp;&nbsp;[开心]&nbsp;&nbsp;","text":"[开心] [开心] [开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/248881192538192","repostId":"1161770907","repostType":4,"repost":{"id":"1161770907","kind":"news","pubTimestamp":1701759086,"share":"https://ttm.financial/m/news/1161770907?lang=en_US&edition=fundamental","pubTime":"2023-12-05 14:51","market":"us","language":"zh","title":"The Federal Reserve led the way in adding $350 billion in liquidity, so the release of water has quietly started?","url":"https://stock-news.laohu8.com/highlight/detail?id=1161770907","media":"金十数据","summary":"“隐形的手”捉摸不定。","content":"<p><html><head></head><body>The \"invisible hand\" is unpredictable. Last month, a huge amount of liquidity was injected to protect the market carnival, and now it has to be slapped back?</p><p><p style=\"text-align: justify;\">Various micro-drivers and catalysts behind the surge in U.S. stocks, U.S. bonds and other assets in November have been searched by analysts from all walks of life, including record buying by CTA, record stock buybacks by enterprises (more than 5 billion dollars per day), record trader gamma, brutal short squeeze by hedge funds, massive buying of meme stocks by retail investors, favorable seasonal factors, and stronger-than-expected third-quarter earnings that ended the past year's earnings recession.</p><p><p style=\"text-align: justify;\">Forget all this for now and just consider the \"macro elephant\" in the room,<strong>This refers to the huge liquidity injections that central banks-especially the Federal Reserve-have injected last month!</strong></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ee165adbc752cf4016b075009ab67086\" alt=\"美股走势（红线）vs美国银行的储备金余额（蓝线）\" title=\"美股走势（红线）vs美国银行的储备金余额（蓝线）\" tg-width=\"1506\" tg-height=\"837\"/><span>U.S. stock trend (red line) vs. Bank of America reserve balance (blue line)</span></p><p><p style=\"text-align: justify;\">According to Goldman Sachs calculations,<strong>Liquidity from five central banks, including the Federal Reserve, increased by $350 billion in November, which is simply a \"big water pipe\".</strong></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/73f9aceb6d016d45801785d064efc32d\" tg-width=\"1325\" tg-height=\"714\"/></p><p><p style=\"text-align: justify;\">In fact, this is after January and March 2023,<strong>Third largest monthly liquidity increase this year</strong>。</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/115f9d324fe9ff409ae7f86877b5f8e5\" tg-width=\"1323\" tg-height=\"764\"/></p><p><p style=\"text-align: justify;\">among<strong>Fed liquidity rises by $60 billion for third consecutive week</strong>, coupled with a weaker dollar, was the main driving factor.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/581e8ec76cddb687a40fbab4856e2498\" tg-width=\"1315\" tg-height=\"757\"/></p><p><p style=\"text-align: justify;\">Looking forward to the end of the year and the beginning of 2024,<strong>Goldman Sachs believes the Federal Reserve may continue to increase liquidity in the coming months by issuing a large number of notes and withdrawing overnight reverse repurchase agreements (RRPs).</strong>While the U.S. dollar's contribution to benign liquidity conditions could face some headwinds, as a strong positive FCI (Financial Conditions Index) stimulus in November could weaken the Fed's pricing for a March rate cut.</p><p><p style=\"text-align: justify;\">Goldman Sachs pointed out,<strong>Money supply and loan growth indicators remain weak in the U.S. and Eurozone, implying a continued downward trend for domestic demand and inflation in the first half of 2024, i.e. loosening without reflationary shocks or supply-driven surges in commodity prices in other countries is more likely.</strong></p><p><p style=\"text-align: justify;\">Finally, the policy pulse in the United States (including liquidity, fiscal stance, and nominal and real forward rates) consolidated sideways in October and November after tightening again in September. The Goldman Sachs Financial Conditions Index (GS FCI) fell nearly 100 basis points in November.</p><p><p style=\"text-align: justify;\">Simon White, a macro strategist at Bloomberg, also wrote that last month,<strong>Liquidity is very good for assets, with the Federal Reserve rising nearly $200 billion in reserves.</strong>Withdrawals by money market funds from the reverse repurchase facility, coupled with withdrawals by the Treasury from its account with the Federal Reserve (TGA), resulted in a substantial increase in reserves despite continued quantitative tightening.</p><p><p style=\"text-align: justify;\">But White reminded,<strong>There will be a lot of employment data released this week, and the focus has returned to the U.S. labor market. At the same time, market liquidity is expected to fall sharply from last month (TGA increased by about $60 billion), which provides favorable conditions for market volatility.</strong></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/54d6e2dbb87f2b44fa5dc29f39e610e0\" tg-width=\"893\" tg-height=\"590\"/></p><p><p style=\"text-align: justify;\">Furthermore,<strong>Distortions in U.S. bond positions are also worrying about</strong>, if long positions in U.S. bonds are as extremely long as the JPMorgan Chase survey shows (net long positions hit record highs),<strong>Even weak data coming out this week could trigger profit-taking, pushing yields higher and prompting overbought stocks to be sold off</strong>。</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5fd5b036a30f10ad4ddd7f2ac3a664d\" alt=\"美债多仓创历史新高\" title=\"美债多仓创历史新高\" tg-width=\"926\" tg-height=\"580\"/><span>U.S. bond long positions hit record high</span></p><p><p style=\"text-align: justify;\">White said the U.S. job market is slowing, but the question remains: Will it deteriorate fast enough to prompt the Federal Reserve to act sooner than interest rate markets expect? In the labor market, indicators with a longer lead time (6-12 months) expect the annual growth rate of employment to continue to decline. However, short-term leading indicators, such as unemployment claims, have recently declined,<strong>This is at odds with expectations that the job market is about to accelerate its deterioration</strong>However, it is consistent with what happened in previous cycles:<strong>Around the end of the Fed's tightening cycle, the median and average unemployment rates will not accelerate until about a year after the Fed's last rate hike.</strong></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c63faafae9a2ff0d1560de759edb2ef0\" alt=\"美联储最后一次加息一年后失业率才会快速走高\" title=\"美联储最后一次加息一年后失业率才会快速走高\" tg-width=\"939\" tg-height=\"589\"/><span>Unemployment will rise rapidly a year after the Fed's last rate hike</span></p><p></body></html></p>","source":"jssj","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 Federal Reserve led the way in adding $350 billion in liquidity, so the release of water has quietly started?</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 Federal Reserve led the way in adding $350 billion in liquidity, so the release of water has quietly started?\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\">2023-12-05 14:51</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>The \"invisible hand\" is unpredictable. Last month, a huge amount of liquidity was injected to protect the market carnival, and now it has to be slapped back?</p><p><p style=\"text-align: justify;\">Various micro-drivers and catalysts behind the surge in U.S. stocks, U.S. bonds and other assets in November have been searched by analysts from all walks of life, including record buying by CTA, record stock buybacks by enterprises (more than 5 billion dollars per day), record trader gamma, brutal short squeeze by hedge funds, massive buying of meme stocks by retail investors, favorable seasonal factors, and stronger-than-expected third-quarter earnings that ended the past year's earnings recession.</p><p><p style=\"text-align: justify;\">Forget all this for now and just consider the \"macro elephant\" in the room,<strong>This refers to the huge liquidity injections that central banks-especially the Federal Reserve-have injected last month!</strong></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ee165adbc752cf4016b075009ab67086\" alt=\"美股走势（红线）vs美国银行的储备金余额（蓝线）\" title=\"美股走势（红线）vs美国银行的储备金余额（蓝线）\" tg-width=\"1506\" tg-height=\"837\"/><span>U.S. stock trend (red line) vs. Bank of America reserve balance (blue line)</span></p><p><p style=\"text-align: justify;\">According to Goldman Sachs calculations,<strong>Liquidity from five central banks, including the Federal Reserve, increased by $350 billion in November, which is simply a \"big water pipe\".</strong></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/73f9aceb6d016d45801785d064efc32d\" tg-width=\"1325\" tg-height=\"714\"/></p><p><p style=\"text-align: justify;\">In fact, this is after January and March 2023,<strong>Third largest monthly liquidity increase this year</strong>。</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/115f9d324fe9ff409ae7f86877b5f8e5\" tg-width=\"1323\" tg-height=\"764\"/></p><p><p style=\"text-align: justify;\">among<strong>Fed liquidity rises by $60 billion for third consecutive week</strong>, coupled with a weaker dollar, was the main driving factor.</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/581e8ec76cddb687a40fbab4856e2498\" tg-width=\"1315\" tg-height=\"757\"/></p><p><p style=\"text-align: justify;\">Looking forward to the end of the year and the beginning of 2024,<strong>Goldman Sachs believes the Federal Reserve may continue to increase liquidity in the coming months by issuing a large number of notes and withdrawing overnight reverse repurchase agreements (RRPs).</strong>While the U.S. dollar's contribution to benign liquidity conditions could face some headwinds, as a strong positive FCI (Financial Conditions Index) stimulus in November could weaken the Fed's pricing for a March rate cut.</p><p><p style=\"text-align: justify;\">Goldman Sachs pointed out,<strong>Money supply and loan growth indicators remain weak in the U.S. and Eurozone, implying a continued downward trend for domestic demand and inflation in the first half of 2024, i.e. loosening without reflationary shocks or supply-driven surges in commodity prices in other countries is more likely.</strong></p><p><p style=\"text-align: justify;\">Finally, the policy pulse in the United States (including liquidity, fiscal stance, and nominal and real forward rates) consolidated sideways in October and November after tightening again in September. The Goldman Sachs Financial Conditions Index (GS FCI) fell nearly 100 basis points in November.</p><p><p style=\"text-align: justify;\">Simon White, a macro strategist at Bloomberg, also wrote that last month,<strong>Liquidity is very good for assets, with the Federal Reserve rising nearly $200 billion in reserves.</strong>Withdrawals by money market funds from the reverse repurchase facility, coupled with withdrawals by the Treasury from its account with the Federal Reserve (TGA), resulted in a substantial increase in reserves despite continued quantitative tightening.</p><p><p style=\"text-align: justify;\">But White reminded,<strong>There will be a lot of employment data released this week, and the focus has returned to the U.S. labor market. At the same time, market liquidity is expected to fall sharply from last month (TGA increased by about $60 billion), which provides favorable conditions for market volatility.</strong></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/54d6e2dbb87f2b44fa5dc29f39e610e0\" tg-width=\"893\" tg-height=\"590\"/></p><p><p style=\"text-align: justify;\">Furthermore,<strong>Distortions in U.S. bond positions are also worrying about</strong>, if long positions in U.S. bonds are as extremely long as the JPMorgan Chase survey shows (net long positions hit record highs),<strong>Even weak data coming out this week could trigger profit-taking, pushing yields higher and prompting overbought stocks to be sold off</strong>。</p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5fd5b036a30f10ad4ddd7f2ac3a664d\" alt=\"美债多仓创历史新高\" title=\"美债多仓创历史新高\" tg-width=\"926\" tg-height=\"580\"/><span>U.S. bond long positions hit record high</span></p><p><p style=\"text-align: justify;\">White said the U.S. job market is slowing, but the question remains: Will it deteriorate fast enough to prompt the Federal Reserve to act sooner than interest rate markets expect? In the labor market, indicators with a longer lead time (6-12 months) expect the annual growth rate of employment to continue to decline. However, short-term leading indicators, such as unemployment claims, have recently declined,<strong>This is at odds with expectations that the job market is about to accelerate its deterioration</strong>However, it is consistent with what happened in previous cycles:<strong>Around the end of the Fed's tightening cycle, the median and average unemployment rates will not accelerate until about a year after the Fed's last rate hike.</strong></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c63faafae9a2ff0d1560de759edb2ef0\" alt=\"美联储最后一次加息一年后失业率才会快速走高\" title=\"美联储最后一次加息一年后失业率才会快速走高\" tg-width=\"939\" tg-height=\"589\"/><span>Unemployment will rise rapidly a year after the Fed's last rate hike</span></p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://xnews.jin10.com/details/128001\">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/017a2d51f9605f643f552ed0e3997176","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://xnews.jin10.com/details/128001","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161770907","content_text":"“隐形的手”捉摸不定，上个月注入巨额流动性呵护市场狂欢，现在又要反手一巴掌？11月美股、美债等资产大涨背后的各种微观驱动因素和催化剂已经被各路分析师搜了个遍，包括CTA创纪录的买入、企业创纪录的股票回购（每天超过50亿美元）、创纪录的交易商gamma、对冲基金的残酷逼空、散户大量买入meme股、有利的季节性因素，以及第三季度财报强于预期且结束了过去一年的盈利衰退。现在不妨忘掉所有这些，只考虑房间里的“宏观大象”，这里指的是各国央行——尤其是美联储，上个月注入的巨额流动性！美股走势（红线）vs美国银行的储备金余额（蓝线）根据高盛的计算，11月份来自美联储等五家央行的流动性增加了3500亿美元，这简直就是一根“大水管”。事实上，这是继2023年1月和3月之后，今年第三大月度流动性增幅。其中美联储流动性连续第三周增加600亿美元，加上美元走弱，是主要推动因素。展望年底和2024年初，高盛认为美联储可能在未来几个月通过大量发行票据和撤回隔夜逆回购协议（RRP）来继续增加流动性。而美元对良性流动性状况的贡献可能会面临一些阻力，因为11月份强劲的正FCI（金融状况指数）刺激可能会导致美联储3月份降息的定价被削弱。高盛指出，美国和欧元区的货币供应和贷款增长指标仍然疲软，这意味着2024年上半年的内需和通胀将持续下行，即如果没有其他国家的通货再膨胀冲击或供应驱动的大宗商品价格飙升，宽松的可能性更高。最后，美国的政策脉冲（包括流动性、财政立场，以及名义和实际远期利率）在9月份再度收紧后，在10月和11月出现了横向盘整。高盛金融状况指数（GS FCI）在11月份下降了近100个基点。彭博宏观策略师西蒙·怀特（Simon White）也撰文称，上个月，流动性对资产非常有利，美联储储备增加了近2000亿美元。货币市场基金从逆回购工具中提取资金，加上财政部从其在美联储的账户（TGA）中提取资金，导致尽管量化紧缩仍在继续，但储备金仍大幅增加。但怀特提醒，本周将有大量就业数据出炉，焦点又回到了美国劳动力市场，同时市场流动性料较上月大幅下滑（TGA增加了约600亿美元），这为市场波动提供了有利条件。此外，美债仓位的扭曲也值得担忧，如果美债多头仓位像摩根大通调查显示的那样极端做多（净多头创下历史新高），即使本周出台的数据疲弱也可能引发获利了结，从而推高收益率，促使超买的股票被抛售。美债多仓创历史新高怀特说，美国就业市场正在放缓，但问题依然存在：它的恶化速度是否会快到足以促使美联储比利率市场预期的更早采取行动？在劳动力市场，领先时间较长（6-12个月）的指标预计就业人数的年增长率将继续下降。然而，短期领先指标，如失业救济申请人数，最近有所下降，这与就业市场即将加速恶化的预期不一致，却与前几个周期发生的情况一致：在美联储紧缩周期结束前后，失业率的中位数和平均值要到美联储最后一次加息满大约一年后才会加速上升。美联储最后一次加息一年后失业率才会快速走高","news_type":1,"symbols_score_info":{".DJI":1.1}},"isVote":1,"tweetType":1,"viewCount":2854,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":249092509696296,"gmtCreate":1701845728719,"gmtModify":1701845732875,"author":{"id":"3581248195467606","authorId":"3581248195467606","name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581248195467606","authorIdStr":"3581248195467606"},"themes":[],"htmlText":"[财迷]&nbsp;&nbsp;[财迷]&nbsp;&nbsp;[财迷]&nbsp;&nbsp;","listText":"[财迷]&nbsp;&nbsp;[财迷]&nbsp;&nbsp;[财迷]&nbsp;&nbsp;","text":"[财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/249092509696296","repostId":"248391026606344","repostType":1,"repost":{"id":248391026606344,"gmtCreate":1701680265332,"gmtModify":1701761095693,"author":{"id":"4088149090977750","authorId":"4088149090977750","name":"Fenger1188","avatar":"https://static.tigerbbs.com/184410bf08b3311824fc2e583144b220","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088149090977750","authorIdStr":"4088149090977750"},"themes":[],"title":"降息 \"爲時尚早\"，美股年終狂歡還能如約而至嗎？","htmlText":"時光飛逝，轉眼又到12月了，美股在聖誕節前後有“聖誕行情”，聖誕老人會駕着雪橇，拉動股市持續上漲，今年聖誕行情提前開啓了。 值得注意，大多數有關股票月度趨勢的研究發現，美股真正的季節性趨勢之王是“一月效應”，而不是12月，特別是價值股，在1月初可以看到普遍良好的回報。與1月份相比，美股12月份的表現就顯得不是那麼突出了。 在市場加碼美聯儲明年降息時，幾位美聯儲高官週四發言打壓市場降息預期。投資者無懼，過去一週，美股延續了10月底以來的反彈行情。美股、債市、黃金近來的瘋狂上漲，交易員們普遍相信美聯儲本輪加息週期已經結束。 今年美股在11月表現極佳，終於引起了散戶的注意，尤其是那些創造了“Meme股狂熱”、大舉押注投機性公司的交易者們集體迴歸美股。此次美股反彈的範圍非常廣泛，幾乎所有的美國基準股指都處於技術性上升的趨勢之中。 11月以來，美股強勁上漲。全月來看，道指累計上漲8.77%，錄得2022年10月以來的最大單月漲幅。納指上漲10.7%，標普500指數上漲8.92%，二者亦創下2022年7月以來的最佳月度表現。 12月1日，週五美股三大指數集體收漲，道指漲520.47點，漲幅爲1.47%，報35950.89點；納指跌32.27點，跌幅爲0.23%，報14226.22點；標普500指數漲17.22點，漲幅爲0.38%，報4567.80點。 大型科技股多數上漲，芯片股普漲，ARM漲近4%，蘋果、亞馬遜微漲；奈飛、微軟跌超1%，英偉達、谷歌、特斯拉微跌。 中概股漲跌不一，納斯達克金龍指數小幅上漲0.1%。熱門股中， 拼多多漲超4%，嗶哩嗶哩跌超4%，理想、小鵬跌超3%。 貴金屬市場風雲突變，現貨黃金、期貨黃金雙雙明顯走高。截止收盤，現貨金價少許回落至2071美元左右，日內漲幅超過34美元。 週五，美聯儲主席鮑威爾表示現在談降息還太早 未來將謹慎行事，保留再加息的可能。他的觀點與","listText":"時光飛逝，轉眼又到12月了，美股在聖誕節前後有“聖誕行情”，聖誕老人會駕着雪橇，拉動股市持續上漲，今年聖誕行情提前開啓了。 值得注意，大多數有關股票月度趨勢的研究發現，美股真正的季節性趨勢之王是“一月效應”，而不是12月，特別是價值股，在1月初可以看到普遍良好的回報。與1月份相比，美股12月份的表現就顯得不是那麼突出了。 在市場加碼美聯儲明年降息時，幾位美聯儲高官週四發言打壓市場降息預期。投資者無懼，過去一週，美股延續了10月底以來的反彈行情。美股、債市、黃金近來的瘋狂上漲，交易員們普遍相信美聯儲本輪加息週期已經結束。 今年美股在11月表現極佳，終於引起了散戶的注意，尤其是那些創造了“Meme股狂熱”、大舉押注投機性公司的交易者們集體迴歸美股。此次美股反彈的範圍非常廣泛，幾乎所有的美國基準股指都處於技術性上升的趨勢之中。 11月以來，美股強勁上漲。全月來看，道指累計上漲8.77%，錄得2022年10月以來的最大單月漲幅。納指上漲10.7%，標普500指數上漲8.92%，二者亦創下2022年7月以來的最佳月度表現。 12月1日，週五美股三大指數集體收漲，道指漲520.47點，漲幅爲1.47%，報35950.89點；納指跌32.27點，跌幅爲0.23%，報14226.22點；標普500指數漲17.22點，漲幅爲0.38%，報4567.80點。 大型科技股多數上漲，芯片股普漲，ARM漲近4%，蘋果、亞馬遜微漲；奈飛、微軟跌超1%，英偉達、谷歌、特斯拉微跌。 中概股漲跌不一，納斯達克金龍指數小幅上漲0.1%。熱門股中， 拼多多漲超4%，嗶哩嗶哩跌超4%，理想、小鵬跌超3%。 貴金屬市場風雲突變，現貨黃金、期貨黃金雙雙明顯走高。截止收盤，現貨金價少許回落至2071美元左右，日內漲幅超過34美元。 週五，美聯儲主席鮑威爾表示現在談降息還太早 未來將謹慎行事，保留再加息的可能。他的觀點與","text":"時光飛逝，轉眼又到12月了，美股在聖誕節前後有“聖誕行情”，聖誕老人會駕着雪橇，拉動股市持續上漲，今年聖誕行情提前開啓了。 值得注意，大多數有關股票月度趨勢的研究發現，美股真正的季節性趨勢之王是“一月效應”，而不是12月，特別是價值股，在1月初可以看到普遍良好的回報。與1月份相比，美股12月份的表現就顯得不是那麼突出了。 在市場加碼美聯儲明年降息時，幾位美聯儲高官週四發言打壓市場降息預期。投資者無懼，過去一週，美股延續了10月底以來的反彈行情。美股、債市、黃金近來的瘋狂上漲，交易員們普遍相信美聯儲本輪加息週期已經結束。 今年美股在11月表現極佳，終於引起了散戶的注意，尤其是那些創造了“Meme股狂熱”、大舉押注投機性公司的交易者們集體迴歸美股。此次美股反彈的範圍非常廣泛，幾乎所有的美國基準股指都處於技術性上升的趨勢之中。 11月以來，美股強勁上漲。全月來看，道指累計上漲8.77%，錄得2022年10月以來的最大單月漲幅。納指上漲10.7%，標普500指數上漲8.92%，二者亦創下2022年7月以來的最佳月度表現。 12月1日，週五美股三大指數集體收漲，道指漲520.47點，漲幅爲1.47%，報35950.89點；納指跌32.27點，跌幅爲0.23%，報14226.22點；標普500指數漲17.22點，漲幅爲0.38%，報4567.80點。 大型科技股多數上漲，芯片股普漲，ARM漲近4%，蘋果、亞馬遜微漲；奈飛、微軟跌超1%，英偉達、谷歌、特斯拉微跌。 中概股漲跌不一，納斯達克金龍指數小幅上漲0.1%。熱門股中， 拼多多漲超4%，嗶哩嗶哩跌超4%，理想、小鵬跌超3%。 貴金屬市場風雲突變，現貨黃金、期貨黃金雙雙明顯走高。截止收盤，現貨金價少許回落至2071美元左右，日內漲幅超過34美元。 週五，美聯儲主席鮑威爾表示現在談降息還太早 未來將謹慎行事，保留再加息的可能。他的觀點與","images":[{"img":"https://community-static.tradeup.com/news/9ac6f540bb52428e2e1d1d6373bb6cf6","width":"550","height":"412"},{"img":"https://community-static.tradeup.com/news/1d6ae1cd6113cf17c2b88ab16a2327fe","width":"512","height":"336"},{"img":"https://community-static.tradeup.com/news/fb6e735a63eef9db092f659fb3b7e9f9","width":"600","height":"400"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/248391026606344","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":6,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2855,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941304729,"gmtCreate":1679953535561,"gmtModify":1679953539189,"author":{"id":"3581248195467606","authorId":"3581248195467606","name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581248195467606","authorIdStr":"3581248195467606"},"themes":[],"htmlText":"[流泪]&nbsp;","listText":"[流泪]&nbsp;","text":"[流泪]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941304729","repostId":"2322125084","repostType":4,"repost":{"id":"2322125084","kind":"news","pubTimestamp":1679901259,"share":"https://ttm.financial/m/news/2322125084?lang=en_US&edition=fundamental","pubTime":"2023-03-27 15:14","market":"us","language":"zh","title":"The market is divided under the banking storm. Can large U.S. technology stocks continue to dominate?","url":"https://stock-news.laohu8.com/highlight/detail?id=2322125084","media":"第一财经","summary":"在美股市场整体颓靡的情况下，科技巨头年初重拾的涨势仍在持续。尽管硅谷银行倒闭风波引发近期金融市场的剧烈震荡，但在美股市场整体颓靡的情况下，科技巨头年初重拾的涨势仍在持续。自3月8日硅谷银行倒闭引发银行","content":"<p><div>Amid the overall downturn of the U.S. stock market, the gains regained by technology giants at the beginning of the year are still continuing. Although the collapse of Silicon Valley Bank has triggered violent shocks in the financial market recently, the gains regained by technology giants at the beginning of the year continued despite the overall decline of the U.S. stock market. Since the collapse of Silicon Valley Bank on March 8 triggered a panic in the banking industry, the share prices of the five most valuable companies-Apple, Microsoft, Alphabet, Amazon and Nvidia-have risen between 4.5% and 12%. The S&P 500 index fell 0.5% during the same period. Wedbush Securities (Wedbush Securities)...</p><p><a href=\"https://www.yicai.com/news/101712977.html\">Web link</a></div></p>","source":"dyvj","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 market is divided under the banking storm. Can large U.S. technology stocks continue to dominate?</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 market is divided under the banking storm. Can large U.S. technology stocks continue to dominate?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">第一财经</strong><span class=\"h-time small\">2023-03-27 15:14</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>Amid the overall downturn of the U.S. stock market, the gains regained by technology giants at the beginning of the year are still continuing. Although the collapse of Silicon Valley Bank has triggered violent shocks in the financial market recently, the gains regained by technology giants at the beginning of the year continued despite the overall decline of the U.S. stock market. Since the collapse of Silicon Valley Bank on March 8 triggered a panic in the banking industry, the share prices of the five most valuable companies-Apple, Microsoft, Alphabet, Amazon and Nvidia-have risen between 4.5% and 12%. The S&P 500 index fell 0.5% during the same period. Wedbush Securities (Wedbush Securities)...</p><p><a href=\"https://www.yicai.com/news/101712977.html\">Web link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.yicai.com/news/101712977.html\">第一财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/5d1fe578ee46cbe0d24c33435ff25ae5","relate_stocks":{"AMZN":"亚马逊","GOOGL":"谷歌A","AAPL":"苹果","MSFT":"微软","NVDA":"英伟达","GOOG":"谷歌"},"source_url":"https://www.yicai.com/news/101712977.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2322125084","content_text":"在美股市场整体颓靡的情况下，科技巨头年初重拾的涨势仍在持续。尽管硅谷银行倒闭风波引发近期金融市场的剧烈震荡，但在美股市场整体颓靡的情况下，科技巨头年初重拾的涨势仍在持续。自3月8日硅谷银行倒闭引发银行业恐慌以来，市值最高的五家公司——苹果、微软、Alphabet、亚马逊和英伟达股价涨幅介于4.5%~12%。同期标普500指数则下跌了0.5%。韦德布什证券公司（Wedbush Securities）分析师丹尼尔-艾夫斯（Daniel Ives）对第一财经记者表示，“在过去几周中，更多投资者在动荡的金融背景下迅速转向大型科技股。尽管这一行径让许多持有空头的投资者困惑不已，但我们认为，因为高质量科技股在今年剩余时间内具有令人信服的风险/回报，所以投资者做出如此反应。”分析人士表示，大型科技股受追捧的原因是由于资产负债表和利润率强劲，而且它们的商业模式在发生经济衰退时有望更好地维持。最近美债收益率回落，也将在2023年提振成长型股票的价格。科技巨头涨势掩盖整体市场颓势不过，当前市场的这一态势可能存在弊端。大型科技股不断增长的市值意味着标普500指数等指数走势越来越多地受一小部分股票推动。如果情况发生变化，投资者迅速撤离大型科技和成长型股票，这可能会刺激更广泛的市场波动。Truist Advisory Services联席首席投资官勒纳（Keith Lerner）表示：“投资者的观点是，科技公司更容易扛过一段不确定时期。”该公司超配科技股。然而，“当出现拥挤交易时，你可能会看到突然出现走势急剧逆转，因为大家都持有这些股票。”大型科技股的涨势也掩盖了美股整体市场的颓势。市场广度的背离变得更加明显，路孚特（Refinitiv）数据显示，对标普500指数成分股进行等权计算的标普500等权重指数自3月8日以来下跌5.3%，跑输加权的标普500指数4.8%。将市值加权的标普500指数与一个等权重的该指数进行比较被视为衡量市场广度的一种方法。在金融危机爆发后的十年里，大型科技股引领着美国市场走势，并在2020年初因疫情引发大跌后，带领美股强劲反弹。但去年由于美联储加息以对抗创40年高位的通胀，该类股票暴跌。今年随着对银行体系的担忧加剧，大型科技股反弹速度加快，标普500指数前五大成分股的权重已经从2022年底时的18.8%反弹至21.7%。大型科技股突出表现能否持续？分析人士认为，如果银行业疑虑有所缓解，投资者大举买入之前受创的经济敏感型股票，大型科技股的表现可能会受到不利影响。标普500指数能源板块自3月8日以来下跌7.5%，而工业板块下跌5%。美债收益率反弹也可能会给科技股和成长股带来压力。同时，科技行业今年的获利增长预计将落后于标普500指数的整体水平。尽管如此，一些投资者依然看好大型科技股。Globalt Investments公司资深投资组合经理马丁（Thomas Martin）说，尽管去年市场大跌，但仍认为市场呈上升趋势。他说，这可能意味着“大盘成长股将会引领这一趋势”。艾夫斯告诉第一财经：“历经了灾难且估值骤减的一年，2023年科技股将出现重大复苏，因为该行业的基本面趋于稳定，成本削减工作进展顺利，加上美联储加息进程基本上已经完成，消除了制约该行业继续向前迈进的主要障碍。”不过，鉴于近期用来判断整体市场健康状况的一些广度指标恶化，Hi Mount Research投资策略师德尔维奇（Willie Delwiche）认为，大型科技股的涨势不能持续长久。“在今年早些时候出现一些充满希望的迹象之后，有迹象显示，我们去年看到的表面之下的疲软模式正重新出现。”德尔维奇说。","news_type":1,"symbols_score_info":{"GOOG":0.9,"AMZN":0.9,"MSFT":0.9,"AAPL":0.9,"GOOGL":0.9,"NVDA":0.9}},"isVote":1,"tweetType":1,"viewCount":2761,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9941304415,"gmtCreate":1679953504237,"gmtModify":1679953507994,"author":{"id":"3581248195467606","authorId":"3581248195467606","name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581248195467606","authorIdStr":"3581248195467606"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9941304415","repostId":"1126058534","repostType":4,"repost":{"id":"1126058534","kind":"news","pubTimestamp":1679914944,"share":"https://ttm.financial/m/news/1126058534?lang=en_US&edition=fundamental","pubTime":"2023-03-27 19:02","market":"us","language":"zh","title":"Microsoft's 154-page research paper swipes the screen! The most comprehensive test of GPT-4 was exposed, saying that it opened the door to AGI for the first time","url":"https://stock-news.laohu8.com/highlight/detail?id=1126058534","media":"CSDN","summary":"2019 年，微软用 10 亿美元砸进 OpenAI，两者展开为期数年的合作。当时两家对外公开的合作内容包括，微软和 OpenAI 将联合开发新的 Azure AI 超级计算技术，而 OpenAI 也","content":"<p><html><head></head><body>In 2019, Microsoft spent US $1 billion into OpenAI, and the two launched a several-year cooperation.</p><p>At that time, the cooperation between the two companies publicly announced included that Microsoft and OpenAI would jointly develop new Azure AI supercomputing technology, and OpenAI would also transfer its services to run on Azure, with the ultimate goal of developing general artificial intelligence (Artificial General Intelligence, AGI) technology to launch an attack.</p><p>To sum up simply, the cooperation between Microsoft and OpenAI has also been interpreted by the outside world as explicitly AGI research and secretly competing for the Google market.</p><p>A few years later, when OpenAI returned with the kings of ChatGPT and GPT-4, and Microsoft took the lead in using these technologies to increase new Bing, Office Family Bucket, Azure and other businesses and products, there is no doubt that its progress has already surpassed Google and is still accelerating its integration into Bard. The overall pace of the large model.</p><p>So on the bright side, where has the progress of AGI gone?</p><p>Recently, the Microsoft research team gave an answer with a 154-page paper report-<b>The GPT-4 language model can be regarded as an early version of AGI!</b></p><p><img src=\"https://static.tigerbbs.com/d03f8e255882a99c71fc0f021a323b16\" tg-width=\"1080\" tg-height=\"811\" referrerpolicy=\"no-referrer\"/></p><p>One stone stirred up thousands of waves. The industry's reaction to this paper is no less than last year's hearing Google engineers say that AI has self-awareness. At first, it was a bit absurd, but now I think something is impossible when I think about it. After reading it deeply, I feel a little real.</p><p>The so-called AGI is only explained by Wikipedia-AGI is artificial intelligence with the same intelligence as humans or surpassing humans, and can express all the intelligent behaviors of normal humans. If GPT-4 has really become the first step to AGI, will the title of the highest intelligent creature change hands?</p><p><b>GPT-4 is reasonably considered an early (but still incomplete) version of AGI</b></p><p>In the paper, Microsoft researchers stated that the latest model, GPT-4, developed by OpenAI, was trained using unprecedented computation and data scale. In the paper, we report our investigation of earlier versions of GPT-4, when it was still under active development at OpenAI. We believe that (this earlier version of) GPT-4 is part of a new batch of LLMs (along with ChatGPT and Google's PaLM, for example), and it exhibits more general intelligence than previous AI models.</p><p>At the same time, the researchers wrote in the abstract of the paper, \"We demonstrate that in addition to the mastery of language, GPT-4 can also solve novel and difficult tasks spanning the fields of mathematics, coding, vision, medicine, law, psychology, etc., without any special prompts. In addition,<b>In</b>In all of these tasks, GPT-4 performed surprisingly close to human levels and often greatly exceeded previous models such as ChatGPT<b>。 Given the breadth and depth of GPT-4's capabilities, we believe it is reasonable to consider it an early (but still incomplete) version of an artificial general intelligence (AGI) system.</b>”</p><p>The reason for reaching this conclusion is that the authors behind this paper include Sébastien Bubeck, senior principal research manager of Microsoft Research's Machine Learning Fundamentals Group, postdoctoral researcher Varun Chandrasekaran, mathematician Ronen Eldan and others, using many examples to analyze GPT-4 The ability was verified.</p><p><b>The multi-capabilities of GPT-4</b></p><p>In the first case, the researchers asked GPT-4 to write a proof with an infinite number of prime numbers, and the expression of the proof should rhyme every line. In addition, GPT-4 should draw a unicorn in the drawing program TiKZ. Among them, TiKZ (a language for creating graphics in LATEX), creates a complex animation in Python and solves a high school level math problem.</p><p>GPT-4 is easily successful in all these tasks and produces outputs that are basically indistinguishable (or even better) from what humans can produce.</p><p><img src=\"https://static.tigerbbs.com/05d65285f01dbb0ac96bbf0802df8511\" tg-width=\"1080\" tg-height=\"519\" referrerpolicy=\"no-referrer\"/></p><p>At the same time, as time goes by, GPT-4 is constantly expanding its capabilities at an unimaginable speed. The figure below shows a plot generated by the researchers using the same prompt word for GPT-4 over a period of one month.</p><p><img src=\"https://static.tigerbbs.com/83a00d527473c5f93eb1b79b5bae32c3\" tg-width=\"1080\" tg-height=\"262\" referrerpolicy=\"no-referrer\"/></p><p>The researchers found that GPT-4 appears to be able to understand and connect to any topic, and is able to perform tasks that are beyond the typical scope of narrowly defined AI systems. In order to verify the capabilities of GPT-4 on AGI, researchers have proposed a different approach to studying GPT-4, which is closer to traditional psychology than machine learning, harnessing human creativity and curiosity.</p><p>Therefore, taking the above figure as an example, when the researchers think that the code of the unicorn horn part is deleted and use natural language to generate GPT-4, it can also \"see\" (the version of GPT-4 tested at this time is not Multi-modal) ability: automatically add corners at appropriate positions. This indicates that GPT-4 can understand and manipulate code based on natural language descriptions, as well as infer and generate visual features.</p><p><img src=\"https://static.tigerbbs.com/4ca60dc79c4d71f395fb827dac68a3e0\" tg-width=\"1080\" tg-height=\"475\" referrerpolicy=\"no-referrer\"/></p><p>In addition, the Microsoft research team generates novel and difficult questions based on human creativity and curiosity, and detects GPT-4's reactions and behaviors. It also chooses to verify from the different abilities given in the 1994 international consensus definition of intelligence, including the ability to reason, plan, solve problems, think abstractly, understand complex ideas, learn quickly, and learn from experience.</p><p><b>translate</b></p><p>The main advantage of GPT-4 is its unparalleled mastery of natural language. Not only can it generate fluent and coherent text, but it can also understand and process it in various ways, such as summarizing, translating, or answering extremely complex questions. In addition, by translation we mean not only translation between different natural languages, but also translation of tone and style, as well as translation across collars, such as medicine, law, accounting, computer programming, music, and so on. Suppose that Plato criticizes the autoregressive language model:</p><p><img src=\"https://static.tigerbbs.com/bc0f4c13eabe0eee91bdb3f266d8e88f\" tg-width=\"643\" tg-height=\"748\" referrerpolicy=\"no-referrer\"/></p><p><b>Coding and data</b></p><p>Coding and mathematics are symbols of abstract reasoning and thinking ability. The ability of GPT-4 at this point has actually been obvious to all since the day it was tested online.</p><p>In the paper, the researchers benchmarked GPT-4 on HumanEval, a dataset of 164 coding questions that tested various aspects of programming logic and proficiency.</p><p>The final results show that GPT-4 outperforms other LLMs, including text-davinci-003 (the foundation model of ChatGPT) and other models trained specifically for code.</p><p><img src=\"https://static.tigerbbs.com/d65bda6dc18d1d667cbc6bee5b25d630\" tg-width=\"1080\" tg-height=\"145\" referrerpolicy=\"no-referrer\"/></p><p>Of course, in order to prevent GPT-4 from remembering some contents of the HumanEval dataset during pre-training, the research team also tested with the latest 100 programming questions released on LeetCode, such as requiring GPT-4 to write a Python function and using LeetCode's official online judgment to check correctness.</p><p><img src=\"https://static.tigerbbs.com/32198a63144b30ac084460aca53b470d\" tg-width=\"656\" tg-height=\"776\" referrerpolicy=\"no-referrer\"/></p><p>Without a doubt, GPT-4 has the highest capabilities of any model.</p><p><img src=\"https://static.tigerbbs.com/f544122b5a2a69928f152fe11ef42051\" tg-width=\"1080\" tg-height=\"272\" referrerpolicy=\"no-referrer\"/></p><p>It can write a 3D game in JavaScript in HTML.</p><p><img src=\"https://static.tigerbbs.com/49af5147998d6cc67c45b9710518b7e8\" tg-width=\"644\" tg-height=\"731\" referrerpolicy=\"no-referrer\"/></p><p>You can also master the knowledge of mathematics and statistics, and write deep learning code with your familiarity with frameworks and libraries such as PyTorch, TensorFlow, and Keras.</p><p><img src=\"https://static.tigerbbs.com/70e023c35eb4416661dc7b46412adc06\" tg-width=\"1080\" tg-height=\"991\" referrerpolicy=\"no-referrer\"/></p><p>You can also reverse engineer:</p><p><img src=\"https://static.tigerbbs.com/44cb9dfe023db457e53f1f7c60b760e2\" tg-width=\"1080\" tg-height=\"1019\" referrerpolicy=\"no-referrer\"/></p><p><b>Common sense questions</b></p><p>In response to some common sense questions, such as \"We have a book, 9 eggs, a laptop, a bottle and a nail. Please tell me how to stack them together in a stable way\", the answer given by GPT-4 is, \"Set 9 eggs into 3 by 3 squares, put them on top of the book, and leave some space between them\", while ChatGPT proposed to put the eggs on the nails to ensure that they are balanced and not tilted to one side, reliable and outrageous or can be clearly identified at a glance.</p><p><img src=\"https://static.tigerbbs.com/db1f9cd47eca000a48ae1dd5d793ab4c\" tg-width=\"638\" tg-height=\"658\" referrerpolicy=\"no-referrer\"/></p><p><b>Multimodal capability</b></p><p>To test the model's ability to combine artistic and programming capabilities, the researchers asked GPT-4 to \"generate JavaScript code to generate random images in the style of the painter Kandinsky\", and the result was as follows:</p><p><img src=\"https://static.tigerbbs.com/81d7625bce02914c0f74f27386737a1d\" tg-width=\"658\" tg-height=\"812\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/35c83936be2891ecd60fb804bd707a94\" tg-width=\"1080\" tg-height=\"385\" referrerpolicy=\"no-referrer\"/></p><p>During the test, because the researchers got the GPT-4 model relatively early, they did not have multi-modal capabilities at that time, and even the current GPT-4 does not have the ability to generate images.</p><p>However, you can use SVG (Expandable Vector Graphics) to generate some images:</p><p><img src=\"https://static.tigerbbs.com/938a3d2786522a3e75078990fa422fb7\" tg-width=\"1080\" tg-height=\"328\" referrerpolicy=\"no-referrer\"/></p><p>It can also combine letters and objects:</p><p><img src=\"https://static.tigerbbs.com/083df94d8b1309e5ebd0c477503ebf81\" tg-width=\"1080\" tg-height=\"974\" referrerpolicy=\"no-referrer\"/></p><p>GPT-4 can generate code from prompts, which can be rendered as images, and then combined with existing image synthesis models, it is possible to bring unlimited possibilities to sketches for application development:</p><p><img src=\"https://static.tigerbbs.com/a9141519e08c8398a0423d686ba1ec9b\" tg-width=\"1080\" tg-height=\"532\" referrerpolicy=\"no-referrer\"/></p><p>It is worth noting that the data of the GPT-4 model also contains music information encoded in ABC symbols, so it can also generate maps:</p><p><img src=\"https://static.tigerbbs.com/641412ac4938a0b06ea2bf083ed0d47c\" tg-width=\"643\" tg-height=\"870\" referrerpolicy=\"no-referrer\"/></p><p><b>Ability to interact with the world</b></p><p>A key aspect of intelligence is interactivity. However, GPT-4 has certain limitations on the latest knowledge and symbol recognition:</p><p><img src=\"https://static.tigerbbs.com/9e339e3647654071378efb8900a12f3e\" tg-width=\"1080\" tg-height=\"759\" referrerpolicy=\"no-referrer\"/></p><p>Overall, the team found that GPT-4 achieved near-human-level performance in a range of categories lacking in its previous generation. According to the paper, GPT-4 also performed very well on several exams, scoring 90, 88, and 86 on the bar exam, LSAT, and certified sommelier theory test, respectively.</p><p><b>How far is GPT-4 from the ideal AGI?</b></p><p>So, on the basis of GPT-4 realizing various capabilities, does it mean the arrival of the AGI era? In fact, researchers have not yet reached an agreement on the definition of AGI or intelligence. Generally speaking, however, everyone will agree that AGI is reached when an AI system is conscious and thinks like a human. While GPT-4 outperforms humans in some tasks, it is worth noting that AI has not overcome these obstacles as well as humans.</p><p>This is also as the researchers wrote in the paper, \"We claim that GPT-4 represents an advancement in AGI, but this does not mean that it is perfect in what it does, or that it is close to being able to do anything that humans can do. (This is one of the usual definitions of AGI), or it has intrinsic motivation and goal.\"</p><p>The researchers noted that while GPT-4 \"meets or exceeds human levels on many tasks,\" its overall \"intelligence pattern is significantly unhuman\", and they hope that this exploration provides an appreciation for GPT-4's extraordinary capabilities and challenges. The first step in the challenge, it is also hoped that GPT-4 opens up new opportunities for developing more formal and comprehensive methods to test and analyze future artificial intelligence systems with such a wide range of intelligence.</p><p>The core claim of our work is that GPT-4 reaches a form of general intelligence that does spark AGI. This is shown in its core mental abilities (such as reasoning, creativity, and reasoning), the range of topics in which it gains expertise (such as literature, medicine, and coding), and the variety of tasks it is able to accomplish (such as playing games, using tools, explaining itself,......), though, there is still much to be done to create a system that could be called full AGI, the researchers say.</p><p>Finally, this paper is worth reading for various benchmarks of GPT-4, and more potential of GPT-4 can also be tapped from it.</p><p></body></html></p>","source":"lsy1578046468581","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>Microsoft's 154-page research paper swipes the screen! The most comprehensive test of GPT-4 was exposed, saying that it opened the door to AGI for the first time</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\">\nMicrosoft's 154-page research paper swipes the screen! The most comprehensive test of GPT-4 was exposed, saying that it opened the door to AGI for the first time\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">CSDN</strong><span class=\"h-time small\">2023-03-27 19:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>In 2019, Microsoft spent US $1 billion into OpenAI, and the two launched a several-year cooperation.</p><p>At that time, the cooperation between the two companies publicly announced included that Microsoft and OpenAI would jointly develop new Azure AI supercomputing technology, and OpenAI would also transfer its services to run on Azure, with the ultimate goal of developing general artificial intelligence (Artificial General Intelligence, AGI) technology to launch an attack.</p><p>To sum up simply, the cooperation between Microsoft and OpenAI has also been interpreted by the outside world as explicitly AGI research and secretly competing for the Google market.</p><p>A few years later, when OpenAI returned with the kings of ChatGPT and GPT-4, and Microsoft took the lead in using these technologies to increase new Bing, Office Family Bucket, Azure and other businesses and products, there is no doubt that its progress has already surpassed Google and is still accelerating its integration into Bard. The overall pace of the large model.</p><p>So on the bright side, where has the progress of AGI gone?</p><p>Recently, the Microsoft research team gave an answer with a 154-page paper report-<b>The GPT-4 language model can be regarded as an early version of AGI!</b></p><p><img src=\"https://static.tigerbbs.com/d03f8e255882a99c71fc0f021a323b16\" tg-width=\"1080\" tg-height=\"811\" referrerpolicy=\"no-referrer\"/></p><p>One stone stirred up thousands of waves. The industry's reaction to this paper is no less than last year's hearing Google engineers say that AI has self-awareness. At first, it was a bit absurd, but now I think something is impossible when I think about it. After reading it deeply, I feel a little real.</p><p>The so-called AGI is only explained by Wikipedia-AGI is artificial intelligence with the same intelligence as humans or surpassing humans, and can express all the intelligent behaviors of normal humans. If GPT-4 has really become the first step to AGI, will the title of the highest intelligent creature change hands?</p><p><b>GPT-4 is reasonably considered an early (but still incomplete) version of AGI</b></p><p>In the paper, Microsoft researchers stated that the latest model, GPT-4, developed by OpenAI, was trained using unprecedented computation and data scale. In the paper, we report our investigation of earlier versions of GPT-4, when it was still under active development at OpenAI. We believe that (this earlier version of) GPT-4 is part of a new batch of LLMs (along with ChatGPT and Google's PaLM, for example), and it exhibits more general intelligence than previous AI models.</p><p>At the same time, the researchers wrote in the abstract of the paper, \"We demonstrate that in addition to the mastery of language, GPT-4 can also solve novel and difficult tasks spanning the fields of mathematics, coding, vision, medicine, law, psychology, etc., without any special prompts. In addition,<b>In</b>In all of these tasks, GPT-4 performed surprisingly close to human levels and often greatly exceeded previous models such as ChatGPT<b>。 Given the breadth and depth of GPT-4's capabilities, we believe it is reasonable to consider it an early (but still incomplete) version of an artificial general intelligence (AGI) system.</b>”</p><p>The reason for reaching this conclusion is that the authors behind this paper include Sébastien Bubeck, senior principal research manager of Microsoft Research's Machine Learning Fundamentals Group, postdoctoral researcher Varun Chandrasekaran, mathematician Ronen Eldan and others, using many examples to analyze GPT-4 The ability was verified.</p><p><b>The multi-capabilities of GPT-4</b></p><p>In the first case, the researchers asked GPT-4 to write a proof with an infinite number of prime numbers, and the expression of the proof should rhyme every line. In addition, GPT-4 should draw a unicorn in the drawing program TiKZ. Among them, TiKZ (a language for creating graphics in LATEX), creates a complex animation in Python and solves a high school level math problem.</p><p>GPT-4 is easily successful in all these tasks and produces outputs that are basically indistinguishable (or even better) from what humans can produce.</p><p><img src=\"https://static.tigerbbs.com/05d65285f01dbb0ac96bbf0802df8511\" tg-width=\"1080\" tg-height=\"519\" referrerpolicy=\"no-referrer\"/></p><p>At the same time, as time goes by, GPT-4 is constantly expanding its capabilities at an unimaginable speed. The figure below shows a plot generated by the researchers using the same prompt word for GPT-4 over a period of one month.</p><p><img src=\"https://static.tigerbbs.com/83a00d527473c5f93eb1b79b5bae32c3\" tg-width=\"1080\" tg-height=\"262\" referrerpolicy=\"no-referrer\"/></p><p>The researchers found that GPT-4 appears to be able to understand and connect to any topic, and is able to perform tasks that are beyond the typical scope of narrowly defined AI systems. In order to verify the capabilities of GPT-4 on AGI, researchers have proposed a different approach to studying GPT-4, which is closer to traditional psychology than machine learning, harnessing human creativity and curiosity.</p><p>Therefore, taking the above figure as an example, when the researchers think that the code of the unicorn horn part is deleted and use natural language to generate GPT-4, it can also \"see\" (the version of GPT-4 tested at this time is not Multi-modal) ability: automatically add corners at appropriate positions. This indicates that GPT-4 can understand and manipulate code based on natural language descriptions, as well as infer and generate visual features.</p><p><img src=\"https://static.tigerbbs.com/4ca60dc79c4d71f395fb827dac68a3e0\" tg-width=\"1080\" tg-height=\"475\" referrerpolicy=\"no-referrer\"/></p><p>In addition, the Microsoft research team generates novel and difficult questions based on human creativity and curiosity, and detects GPT-4's reactions and behaviors. It also chooses to verify from the different abilities given in the 1994 international consensus definition of intelligence, including the ability to reason, plan, solve problems, think abstractly, understand complex ideas, learn quickly, and learn from experience.</p><p><b>translate</b></p><p>The main advantage of GPT-4 is its unparalleled mastery of natural language. Not only can it generate fluent and coherent text, but it can also understand and process it in various ways, such as summarizing, translating, or answering extremely complex questions. In addition, by translation we mean not only translation between different natural languages, but also translation of tone and style, as well as translation across collars, such as medicine, law, accounting, computer programming, music, and so on. Suppose that Plato criticizes the autoregressive language model:</p><p><img src=\"https://static.tigerbbs.com/bc0f4c13eabe0eee91bdb3f266d8e88f\" tg-width=\"643\" tg-height=\"748\" referrerpolicy=\"no-referrer\"/></p><p><b>Coding and data</b></p><p>Coding and mathematics are symbols of abstract reasoning and thinking ability. The ability of GPT-4 at this point has actually been obvious to all since the day it was tested online.</p><p>In the paper, the researchers benchmarked GPT-4 on HumanEval, a dataset of 164 coding questions that tested various aspects of programming logic and proficiency.</p><p>The final results show that GPT-4 outperforms other LLMs, including text-davinci-003 (the foundation model of ChatGPT) and other models trained specifically for code.</p><p><img src=\"https://static.tigerbbs.com/d65bda6dc18d1d667cbc6bee5b25d630\" tg-width=\"1080\" tg-height=\"145\" referrerpolicy=\"no-referrer\"/></p><p>Of course, in order to prevent GPT-4 from remembering some contents of the HumanEval dataset during pre-training, the research team also tested with the latest 100 programming questions released on LeetCode, such as requiring GPT-4 to write a Python function and using LeetCode's official online judgment to check correctness.</p><p><img src=\"https://static.tigerbbs.com/32198a63144b30ac084460aca53b470d\" tg-width=\"656\" tg-height=\"776\" referrerpolicy=\"no-referrer\"/></p><p>Without a doubt, GPT-4 has the highest capabilities of any model.</p><p><img src=\"https://static.tigerbbs.com/f544122b5a2a69928f152fe11ef42051\" tg-width=\"1080\" tg-height=\"272\" referrerpolicy=\"no-referrer\"/></p><p>It can write a 3D game in JavaScript in HTML.</p><p><img src=\"https://static.tigerbbs.com/49af5147998d6cc67c45b9710518b7e8\" tg-width=\"644\" tg-height=\"731\" referrerpolicy=\"no-referrer\"/></p><p>You can also master the knowledge of mathematics and statistics, and write deep learning code with your familiarity with frameworks and libraries such as PyTorch, TensorFlow, and Keras.</p><p><img src=\"https://static.tigerbbs.com/70e023c35eb4416661dc7b46412adc06\" tg-width=\"1080\" tg-height=\"991\" referrerpolicy=\"no-referrer\"/></p><p>You can also reverse engineer:</p><p><img src=\"https://static.tigerbbs.com/44cb9dfe023db457e53f1f7c60b760e2\" tg-width=\"1080\" tg-height=\"1019\" referrerpolicy=\"no-referrer\"/></p><p><b>Common sense questions</b></p><p>In response to some common sense questions, such as \"We have a book, 9 eggs, a laptop, a bottle and a nail. Please tell me how to stack them together in a stable way\", the answer given by GPT-4 is, \"Set 9 eggs into 3 by 3 squares, put them on top of the book, and leave some space between them\", while ChatGPT proposed to put the eggs on the nails to ensure that they are balanced and not tilted to one side, reliable and outrageous or can be clearly identified at a glance.</p><p><img src=\"https://static.tigerbbs.com/db1f9cd47eca000a48ae1dd5d793ab4c\" tg-width=\"638\" tg-height=\"658\" referrerpolicy=\"no-referrer\"/></p><p><b>Multimodal capability</b></p><p>To test the model's ability to combine artistic and programming capabilities, the researchers asked GPT-4 to \"generate JavaScript code to generate random images in the style of the painter Kandinsky\", and the result was as follows:</p><p><img src=\"https://static.tigerbbs.com/81d7625bce02914c0f74f27386737a1d\" tg-width=\"658\" tg-height=\"812\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/35c83936be2891ecd60fb804bd707a94\" tg-width=\"1080\" tg-height=\"385\" referrerpolicy=\"no-referrer\"/></p><p>During the test, because the researchers got the GPT-4 model relatively early, they did not have multi-modal capabilities at that time, and even the current GPT-4 does not have the ability to generate images.</p><p>However, you can use SVG (Expandable Vector Graphics) to generate some images:</p><p><img src=\"https://static.tigerbbs.com/938a3d2786522a3e75078990fa422fb7\" tg-width=\"1080\" tg-height=\"328\" referrerpolicy=\"no-referrer\"/></p><p>It can also combine letters and objects:</p><p><img src=\"https://static.tigerbbs.com/083df94d8b1309e5ebd0c477503ebf81\" tg-width=\"1080\" tg-height=\"974\" referrerpolicy=\"no-referrer\"/></p><p>GPT-4 can generate code from prompts, which can be rendered as images, and then combined with existing image synthesis models, it is possible to bring unlimited possibilities to sketches for application development:</p><p><img src=\"https://static.tigerbbs.com/a9141519e08c8398a0423d686ba1ec9b\" tg-width=\"1080\" tg-height=\"532\" referrerpolicy=\"no-referrer\"/></p><p>It is worth noting that the data of the GPT-4 model also contains music information encoded in ABC symbols, so it can also generate maps:</p><p><img src=\"https://static.tigerbbs.com/641412ac4938a0b06ea2bf083ed0d47c\" tg-width=\"643\" tg-height=\"870\" referrerpolicy=\"no-referrer\"/></p><p><b>Ability to interact with the world</b></p><p>A key aspect of intelligence is interactivity. However, GPT-4 has certain limitations on the latest knowledge and symbol recognition:</p><p><img src=\"https://static.tigerbbs.com/9e339e3647654071378efb8900a12f3e\" tg-width=\"1080\" tg-height=\"759\" referrerpolicy=\"no-referrer\"/></p><p>Overall, the team found that GPT-4 achieved near-human-level performance in a range of categories lacking in its previous generation. According to the paper, GPT-4 also performed very well on several exams, scoring 90, 88, and 86 on the bar exam, LSAT, and certified sommelier theory test, respectively.</p><p><b>How far is GPT-4 from the ideal AGI?</b></p><p>So, on the basis of GPT-4 realizing various capabilities, does it mean the arrival of the AGI era? In fact, researchers have not yet reached an agreement on the definition of AGI or intelligence. Generally speaking, however, everyone will agree that AGI is reached when an AI system is conscious and thinks like a human. While GPT-4 outperforms humans in some tasks, it is worth noting that AI has not overcome these obstacles as well as humans.</p><p>This is also as the researchers wrote in the paper, \"We claim that GPT-4 represents an advancement in AGI, but this does not mean that it is perfect in what it does, or that it is close to being able to do anything that humans can do. (This is one of the usual definitions of AGI), or it has intrinsic motivation and goal.\"</p><p>The researchers noted that while GPT-4 \"meets or exceeds human levels on many tasks,\" its overall \"intelligence pattern is significantly unhuman\", and they hope that this exploration provides an appreciation for GPT-4's extraordinary capabilities and challenges. The first step in the challenge, it is also hoped that GPT-4 opens up new opportunities for developing more formal and comprehensive methods to test and analyze future artificial intelligence systems with such a wide range of intelligence.</p><p>The core claim of our work is that GPT-4 reaches a form of general intelligence that does spark AGI. This is shown in its core mental abilities (such as reasoning, creativity, and reasoning), the range of topics in which it gains expertise (such as literature, medicine, and coding), and the variety of tasks it is able to accomplish (such as playing games, using tools, explaining itself,......), though, there is still much to be done to create a system that could be called full AGI, the researchers say.</p><p>Finally, this paper is worth reading for various benchmarks of GPT-4, and more potential of GPT-4 can also be tapped from it.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/SRtxiqeGbAIXl-8KraGAyQ\">CSDN</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a9e6cb1a33dd64f159118795f199c2f3","relate_stocks":{"LU0109392836.USD":"富兰克林科技股A","IE00BZ1G4Q59.USD":"LEGG MASON CLEARBRIDGE US EQUITY SUSTAINABILITY LEADER \"A\"(USD) INC (A)","BK4588":"碎股","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","BK4525":"远程办公概念","MSFT":"微软","GPT.AU":"GPT GROUP","LU0238689110.USD":"贝莱德环球动力股票基金","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU0498741890.SGD":"FTIF - Franklin Gold and Precious Metals A (acc) SGD","LU0072462426.USD":"贝莱德全球配置 A2","BK4527":"明星科技股","AGI":"Alamos Gold Inc","GPT":"Intelligent alpha atlas ETF","IE00BJTD4N35.SGD":"Neuberger Berman US Long Short Equity A1  Acc SGD-H","LU0080751232.USD":"富达环球多元动力基金A","IE00B7KXQ091.USD":"Janus Henderson Balanced A Inc USD","LU0289941410.SGD":"AB FCP I Dynamic Diversified AX SGD","BK7510":"REITs概念","LU0234572021.USD":"高盛美国核心股票组合Acc"},"source_url":"https://mp.weixin.qq.com/s/SRtxiqeGbAIXl-8KraGAyQ","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126058534","content_text":"2019 年，微软用 10 亿美元砸进 OpenAI，两者展开为期数年的合作。当时两家对外公开的合作内容包括，微软和 OpenAI 将联合开发新的 Azure AI 超级计算技术，而 OpenAI 也将把它的服务转移到 Azure 上运行，最终目标是向通用人工智能（Artificial General Intelligence，AGI）技术发起进攻。简单总结，微软与 OpenAI 联手，也被外界解读为，明为 AGI 研究，暗争 Google 市场。几年之后，当 OpenAI 带着 ChatGPT、GPT-4 王者归来，微软率先利用这些技术加码新 Bing、Office 全家桶、Azure 等业务、产品之时，毋庸置疑，其进度早已超越了 Google 还在加快融入 Bard 大模型的整体步伐。那么在明面上，AGI 的进度到底走到了哪里？近日，微软研究团队用 154 页的论文报告内容给出了解答——GPT-4 语言模型可以被视为 AGI 的早期版本！一石激起千层浪，业界对于这篇论文的反应，不亚于去年听到「Google 工程师称 AI 已有自我意识」初觉有些荒诞，只是现如今再想会认为有什么不可能，深读后又觉得有些许的真实。所谓 AGI，仅通过维基百科的解释——「AGI 是具备与人类同等智能、或超越人类的人工智能，能表现正常人类所具有的所有智能行为」。倘若 GPT-4 真的已成为通往 AGI 的第一步，「最高等的智慧生物」称号是不是要易主了？GPT-4 被合理地视为 AGI 的早期（但仍不完整）的版本在论文中，微软研究人员表示，「由 OpenAI 开发的最新模型 GPT-4，是使用前所未有的计算和数据规模训练出来的。在论文中，我们报告了我们对 GPT-4 早期版本的调查，当时它还在 OpenAI 的积极开发中。我们认为，（这个早期版本的）GPT-4 是新一批 LLM（例如，与 ChatGPT 和谷歌的 PaLM 一起）的一部分，它比以前的 AI 模型表现出更多的通用智能。」与此同时，研究人员在论文摘要中写道，“我们证明，除了对语言的掌握，GPT-4 还能解决跨越数学、编码、视觉、医学、法律、心理学等领域的新颖而困难的任务，而不需要任何特殊的提示。此外，在所有这些任务中，GPT-4 的表现都惊人地接近人类水平，而且往往大大超过了 ChatGPT 等先前的模型。鉴于 GPT-4 能力的广度和深度，我们认为可以合理地将其视为人工通用智能（AGI）系统的早期（但仍不完整）版本。”之所以得出这样的结论，这篇论文背后的作者包括微软研究院机器学习基础组的高级首席研究经理 Sébastien Bubeck、博士后研究员 Varun Chandrasekaran、数学家  Ronen Eldan 等人，用许多示例对 GPT-4 的能力进行了验证。GPT-4 的多能力在第一个案例中，研究人员要求 GPT-4 「写出有无限多个素数的证明，且证明的表述要每行都押韵」，另外 GPT-4 要在绘图程序 TiKZ 中画出一只独角兽」。其中，TiKZ（一种在 LATEX 中创建图形的语言），用 Python 创建一个复杂的动画，并解决一个高中水平的数学问题。GPT-4 在所有这些任务中都很容易取得成功，并且产生的输出结果基本上与人类所能产生的结果没有区别（甚至更好）。同时，随着时间的推移，GPT-4 也在以难以想象的速度不断扩充自己的能力。如下图所示是一个月期间，研究人员用相同的提示词让 GPT-4 生成的绘图。研究人员发现，GPT-4 似乎能够理解和连接任何主题，并且能够执行任务，这超出了狭义人工智能系统的典型范围。为了验证 GPT-4 在 AGI 上所具备的能力，研究人员提出了一种不同的方法来研究 GPT-4，它更接近于传统的心理学而不是机器学习，利用人类的创造力和好奇心。因此，以上图为例，当研究人员把独角兽角部分的代码认为删除之后，用自然语言让 GPT-4 生成时，它也能做到“看”（此时测试的 GPT-4 版本不是多模态的）的能力：自动在合适位置加上角。这表明 GPT-4 它可以根据自然语言描述来理解和操作代码，以及推断和生成视觉特征。另外，微软研究团队基于人类的创造力和好奇心来产生新颖和困难的问题，并探测 GPT-4 的反应和行为，也选择从 1994 年国际共识智力定义中的所给出不同能力进行验证，包括推理、计划、解决问题、抽象思考、理解复杂的想法、快速学习和从经验中学习的能力。翻译GPT-4 的主要优势是它对自然语言无与伦比地掌握。它不仅可以生成生成流畅和连贯的文本，而且还能以各种方式理解和处理它，如总结、翻译或回答极其复杂的问题。此外，这里提到的翻译我们所说的翻译不仅是指不同自然语言之间的翻译，还包括语气和风格的翻译，以及跨领的翻译，如医学、法律、会计、计算机编程、音乐等等。如假设是柏拉图批判自回归语言模型：编码和数据编码和数学是抽象推理和思维能力的象征。GPT-4 在这一点上的能力，其实自上线测试那一天，便有目共睹。在论文中，研究人员在 HumanEval 上对 GPT-4 进行基准测试，该数据集由 164 个编码问题组成，测试了编程逻辑和熟练程度的各个方面。最终结果显示，GPT-4 优于其他 LLM，包括 text-davinci-003（ChatGPT 的基础模型）和其他专门针对代码训练的模型。当然为了避免 GPT-4 在预训练时已经记住了HumanEval 数据集的一些内容，研究团队还用 LeetCode 上最新发布的 100 个编程问题进行了测试，如要求 GPT-4 编写一个 Python 函数，并使用 LeetCode 的官方在线评判来检查正确性。毫无疑问，GPT-4 的能力是所有模型中最高的。它可以在 HTML 中用 JavaScript 编写一个 3D 游戏。也能掌握数学、统计学知识，以及凭借对 PyTorch、TensorFlow、Keras 等框架和库的熟悉度，编写深度学习的代码。还能逆向工程：常识性问题针对一些常识性问题，如“我们有一本书，9 个鸡蛋，一台笔记本电脑，一个瓶子和一个钉子。请告诉我如何以稳定的方式将它们叠在一起”，GPT-4 给出的解答是，“将 9 个鸡蛋摆成 3 乘 3 的正方形，放在书的上面，在它们之间留出一些空间”，而 ChatGPT 提出「将鸡蛋放在钉子上面，确保它们是平衡的，不会向一边倾斜」，靠谱和离谱还是一眼就能辨清楚的。多模态能力为了测试该模型结合艺术和编程能力的能力，研究人员要求 GPT-4  \"生成 JavaScript 代码，以画家康定斯基的风格生成随机图像\"，结果是这样的：在测试时，因为研究人员拿到GPT-4 模型比较早，当时并不具备多模态能力，即使是现在的 GPT-4 也不具备生成图像等能力。不过倒是可以使用 SVG（可扩展矢量图形）生成一些图像：还能结合字母和物体：GPT-4 可以从提示中生成代码，这些代码可以被呈现为图像，再与现有的图像合成模型相结合，就有可能为应用开发的草图带来无限的可能：值得注意的是，GPT-4 模型的数据也包含了以ABC符号编码的音乐信息，所以它也能生成图谱：与世界交互的能力智能的一个关键方面是互动性。不过 GPT-4 对当前最新的知识和符号识别是存在一定的局限性的：整体而言，研究小组发现，GPT-4 在其上一代产品所缺乏的一系列类别中达到了接近人类水平的性能。根据该论文，GPT-4 在几次考试中也表现得非常好，在律师考试、LSAT 和注册侍酒师理论测试中的得分分别为 90 分、88 分和 86 分。GPT-4 距离理想中的 AGI 还有多远？那么，在 GPT-4 实现种种能力的基础上，是否就意味着 AGI 时代的到来。其实不然，研究人员目前尚未就 AGI 或智能的定义达成一致。然而，一般来说，大家都会同意，当一个人工智能系统有意识并像人类一样思考时，就已经达到了 AGI。虽然 GPT-4 在一些任务中的表现优于人类，但值得注意的是，人工智能并没有像人类那样克服这些障碍。这也正如研究人员在论文中写道，“我们声称 GPT-4 代表了 AGI 的进步，但这并不意味着它在做什么方面是完美的，或者它接近于能够做人类能做的任何事情（这是 AGI 的通常定义之一），或者它有内在的动机和目标。”研究人员指出，虽然 GPT-4 \"在许多任务上达到或超过了人类水平\"，但它的整体 \"智能模式明显不像人类\"，其希望这一次的探索提供了一个欣赏 GPT-4 的非凡能力和挑战的第一步，也希望 GPT-4 为开发更正式和全面的方法来测试和分析具有如此广泛智能的未来人工智能系统开辟了新的机会。「我们工作的核心主张是，GPT-4 达到了一种通用智能的形式，确实擦出了 AGI 的火花。这表现在它的核心心智能力（如推理、创造力和推理），它获得专业知识的主题范围（如文学、医学和编码），以及它能够完成的各种任务（如玩游戏、使用工具、解释自己，......）」研究人员说道，不过，要创建一个可以被称为完整的 AGI 的系统，还有很多事情要做。最后，这篇论文对于GPT-4 各种基准测试还是值得一看，从中也能挖掘出 GPT-4 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打造全生命週期服務體系中國基金報記者 閆晶瀅作爲券商經紀業務轉型的重要抓手，“財富管理”成爲行業熱詞。做大做強資產管理規模（AUM）成爲新時期多家大型券商財富部門的目標。中信建投證券作爲業內財富管理轉型的“標兵”，公募基金代銷保有量長期名列前茅。中國基金報記者專訪了中信建投證券金融產品與創新業務部負責人劉子慧，她認爲，當前財富管理已過了以產品銷售爲主的階段，財富管理水平差異的關鍵在於服務。券商要從客戶長期投資體驗的角度出發，爲不同特點的客戶配置不同風險特徵的產品或產品組合。提升綜合金融服務能力滿足投資者多元化需求劉子慧2008年加入中信建投證券，從基層做起，曾一手籌建天津分公司多個營業部，任多家營業部總經理、河北分公司負責人等職務。當前，“基金賺錢基民不賺錢”現象仍然突出，劉子慧認爲，這是理想與現實、趨勢與現狀關係的反映。作爲財富管理機構，更需要進一步提升基金研究水平、資產配置水平和客戶服務水平。“當前階段有兩個具體辦法可以幫助解決‘基金賺錢基民不賺錢’困境。”劉子慧表示，一方面是投資者要做好資產組合配置，組合中要有核心底倉，也要有衛星配置。另一方面，財富管理機構應該在低谷時做好陪伴，幫助投資者克服恐懼；在高峯時盡力幫助投資者控制合理預期，協助做好風控安排。當前，財富管理客戶羣體呈現出越來越專業、越來越年輕的趨勢。劉子慧認爲，財富管理機構需要藉助科技等新的服務工具，適應新的服務方式；同時也需要加強內外部協同，整合各方面的資源優勢，提高爲客戶提供綜合金融服務的能力，滿足客戶越來越多元化的需求。“以客戶爲中心，必須清楚客戶體驗的關鍵維度是什麼。”在劉子慧看來，“以客戶爲中心”可體現爲三個維度：急客戶所用、供客戶所需、如客戶所願。投資者不論是諮詢問題還是辦理業務，都能及時找到服務者；券商的產品線，能夠滿足客戶的多元化需求；從長期看，","listText":"【導讀】中信建投證券劉子慧：以投資者利益爲核心 打造全生命週期服務體系中國基金報記者 閆晶瀅作爲券商經紀業務轉型的重要抓手，“財富管理”成爲行業熱詞。做大做強資產管理規模（AUM）成爲新時期多家大型券商財富部門的目標。中信建投證券作爲業內財富管理轉型的“標兵”，公募基金代銷保有量長期名列前茅。中國基金報記者專訪了中信建投證券金融產品與創新業務部負責人劉子慧，她認爲，當前財富管理已過了以產品銷售爲主的階段，財富管理水平差異的關鍵在於服務。券商要從客戶長期投資體驗的角度出發，爲不同特點的客戶配置不同風險特徵的產品或產品組合。提升綜合金融服務能力滿足投資者多元化需求劉子慧2008年加入中信建投證券，從基層做起，曾一手籌建天津分公司多個營業部，任多家營業部總經理、河北分公司負責人等職務。當前，“基金賺錢基民不賺錢”現象仍然突出，劉子慧認爲，這是理想與現實、趨勢與現狀關係的反映。作爲財富管理機構，更需要進一步提升基金研究水平、資產配置水平和客戶服務水平。“當前階段有兩個具體辦法可以幫助解決‘基金賺錢基民不賺錢’困境。”劉子慧表示，一方面是投資者要做好資產組合配置，組合中要有核心底倉，也要有衛星配置。另一方面，財富管理機構應該在低谷時做好陪伴，幫助投資者克服恐懼；在高峯時盡力幫助投資者控制合理預期，協助做好風控安排。當前，財富管理客戶羣體呈現出越來越專業、越來越年輕的趨勢。劉子慧認爲，財富管理機構需要藉助科技等新的服務工具，適應新的服務方式；同時也需要加強內外部協同，整合各方面的資源優勢，提高爲客戶提供綜合金融服務的能力，滿足客戶越來越多元化的需求。“以客戶爲中心，必須清楚客戶體驗的關鍵維度是什麼。”在劉子慧看來，“以客戶爲中心”可體現爲三個維度：急客戶所用、供客戶所需、如客戶所願。投資者不論是諮詢問題還是辦理業務，都能及時找到服務者；券商的產品線，能夠滿足客戶的多元化需求；從長期看，","text":"【導讀】中信建投證券劉子慧：以投資者利益爲核心 打造全生命週期服務體系中國基金報記者 閆晶瀅作爲券商經紀業務轉型的重要抓手，“財富管理”成爲行業熱詞。做大做強資產管理規模（AUM）成爲新時期多家大型券商財富部門的目標。中信建投證券作爲業內財富管理轉型的“標兵”，公募基金代銷保有量長期名列前茅。中國基金報記者專訪了中信建投證券金融產品與創新業務部負責人劉子慧，她認爲，當前財富管理已過了以產品銷售爲主的階段，財富管理水平差異的關鍵在於服務。券商要從客戶長期投資體驗的角度出發，爲不同特點的客戶配置不同風險特徵的產品或產品組合。提升綜合金融服務能力滿足投資者多元化需求劉子慧2008年加入中信建投證券，從基層做起，曾一手籌建天津分公司多個營業部，任多家營業部總經理、河北分公司負責人等職務。當前，“基金賺錢基民不賺錢”現象仍然突出，劉子慧認爲，這是理想與現實、趨勢與現狀關係的反映。作爲財富管理機構，更需要進一步提升基金研究水平、資產配置水平和客戶服務水平。“當前階段有兩個具體辦法可以幫助解決‘基金賺錢基民不賺錢’困境。”劉子慧表示，一方面是投資者要做好資產組合配置，組合中要有核心底倉，也要有衛星配置。另一方面，財富管理機構應該在低谷時做好陪伴，幫助投資者克服恐懼；在高峯時盡力幫助投資者控制合理預期，協助做好風控安排。當前，財富管理客戶羣體呈現出越來越專業、越來越年輕的趨勢。劉子慧認爲，財富管理機構需要藉助科技等新的服務工具，適應新的服務方式；同時也需要加強內外部協同，整合各方面的資源優勢，提高爲客戶提供綜合金融服務的能力，滿足客戶越來越多元化的需求。“以客戶爲中心，必須清楚客戶體驗的關鍵維度是什麼。”在劉子慧看來，“以客戶爲中心”可體現爲三個維度：急客戶所用、供客戶所需、如客戶所願。投資者不論是諮詢問題還是辦理業務，都能及時找到服務者；券商的產品線，能夠滿足客戶的多元化需求；從長期看，","images":[{"img":"https://static.tigerbbs.com/54c4f132c47f4ea8993072c7d97e8a2c","width":"0","height":"0"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/650649852","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1272,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9949655645,"gmtCreate":1678639993487,"gmtModify":1678639997165,"author":{"id":"3581248195467606","authorId":"3581248195467606","name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581248195467606","authorIdStr":"3581248195467606"},"themes":[],"htmlText":"[开心]","listText":"[开心]","text":"[开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9949655645","repostId":"627672576","repostType":1,"repost":{"id":627672576,"gmtCreate":1678326606098,"gmtModify":1678327265067,"author":{"id":"3478213283465426","authorId":"3478213283465426","name":"美股投资网","avatar":"https://static.tigerbbs.com/a1bfd2cf1aa240d7058795c83d419510","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3478213283465426","authorIdStr":"3478213283465426"},"themes":[],"title":"週三美股芯片股【狂飆】，鮑威爾說法一天一變！","htmlText":"週三美股三大股指收盤漲跌不一，全天波動幅度是有限的，但指數卻一直上躥下跳，猶如坐過山車。截至收盤，標普500指數收盤上漲0.1%，而道指下跌0.2%。科技股爲主的納指上漲0.4%。不過今天芯片股板塊逆勢上漲， <a href=\"https://laohu8.com/S/AMD\">$美國超微公司(AMD)$</a> 漲4%至三週新高。<a href=\"https://laohu8.com/S/NVDA\">$英偉達(NVDA)$</a> 漲近4%至11個月最高。這大漲背後的原因在於近期歷經大半年，美國《芯片法》（CHIPS Act）終於公佈了390億美元的具體補貼條件，用於改善美國半導體制造業。 <a href=\"https://laohu8.com/S/AVGO\">$博通(AVGO)$</a> <a href=\"https://laohu8.com/S/TSM\">$臺積電(TSM)$</a> <a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a> 根據商務部CHIPS項目辦公室的信息，證府補貼將優先考慮未來五年內承諾不進行股票回購的公司的補貼申請。另外，尋求1.5億美元以上補貼的企業必須保證爲工廠工人提供育兒服務，聯邦證府也有權分享財務預測之外的“額外”利潤。當技術創新重塑和社會證策夾雜在一起，《芯片法》的長遠價值是否能達到起初的預期這是以後我們需要深思的問題。而我們就在上週五，我們就提示VIP社區，重新佈局&nbsp;芯片板塊，入手 AMD&nbsp; NVDA&nbsp;週三上午美聯儲主席重申了他週二的表態，即央行可能將政策利率上調至高於此前預期的水平，而且如果經濟數據持續火爆，加息的速度或許會提高。不同於週二的是，在宣讀講稿中涉及必要時將加快加息那段話時，鮑威爾特別提到3月20日到21日的下次美聯儲貨幣政策會議，加了一句“","listText":"週三美股三大股指收盤漲跌不一，全天波動幅度是有限的，但指數卻一直上躥下跳，猶如坐過山車。截至收盤，標普500指數收盤上漲0.1%，而道指下跌0.2%。科技股爲主的納指上漲0.4%。不過今天芯片股板塊逆勢上漲， <a href=\"https://laohu8.com/S/AMD\">$美國超微公司(AMD)$</a> 漲4%至三週新高。<a href=\"https://laohu8.com/S/NVDA\">$英偉達(NVDA)$</a> 漲近4%至11個月最高。這大漲背後的原因在於近期歷經大半年，美國《芯片法》（CHIPS Act）終於公佈了390億美元的具體補貼條件，用於改善美國半導體制造業。 <a href=\"https://laohu8.com/S/AVGO\">$博通(AVGO)$</a> <a href=\"https://laohu8.com/S/TSM\">$臺積電(TSM)$</a> <a href=\"https://laohu8.com/S/TSLA\">$特斯拉(TSLA)$</a> 根據商務部CHIPS項目辦公室的信息，證府補貼將優先考慮未來五年內承諾不進行股票回購的公司的補貼申請。另外，尋求1.5億美元以上補貼的企業必須保證爲工廠工人提供育兒服務，聯邦證府也有權分享財務預測之外的“額外”利潤。當技術創新重塑和社會證策夾雜在一起，《芯片法》的長遠價值是否能達到起初的預期這是以後我們需要深思的問題。而我們就在上週五，我們就提示VIP社區，重新佈局&nbsp;芯片板塊，入手 AMD&nbsp; NVDA&nbsp;週三上午美聯儲主席重申了他週二的表態，即央行可能將政策利率上調至高於此前預期的水平，而且如果經濟數據持續火爆，加息的速度或許會提高。不同於週二的是，在宣讀講稿中涉及必要時將加快加息那段話時，鮑威爾特別提到3月20日到21日的下次美聯儲貨幣政策會議，加了一句“","text":"週三美股三大股指收盤漲跌不一，全天波動幅度是有限的，但指數卻一直上躥下跳，猶如坐過山車。截至收盤，標普500指數收盤上漲0.1%，而道指下跌0.2%。科技股爲主的納指上漲0.4%。不過今天芯片股板塊逆勢上漲， $美國超微公司(AMD)$ 漲4%至三週新高。$英偉達(NVDA)$ 漲近4%至11個月最高。這大漲背後的原因在於近期歷經大半年，美國《芯片法》（CHIPS Act）終於公佈了390億美元的具體補貼條件，用於改善美國半導體制造業。 $博通(AVGO)$ $臺積電(TSM)$ $特斯拉(TSLA)$ 根據商務部CHIPS項目辦公室的信息，證府補貼將優先考慮未來五年內承諾不進行股票回購的公司的補貼申請。另外，尋求1.5億美元以上補貼的企業必須保證爲工廠工人提供育兒服務，聯邦證府也有權分享財務預測之外的“額外”利潤。當技術創新重塑和社會證策夾雜在一起，《芯片法》的長遠價值是否能達到起初的預期這是以後我們需要深思的問題。而我們就在上週五，我們就提示VIP社區，重新佈局 芯片板塊，入手 AMD NVDA 週三上午美聯儲主席重申了他週二的表態，即央行可能將政策利率上調至高於此前預期的水平，而且如果經濟數據持續火爆，加息的速度或許會提高。不同於週二的是，在宣讀講稿中涉及必要時將加快加息那段話時，鮑威爾特別提到3月20日到21日的下次美聯儲貨幣政策會議，加了一句“","images":[{"img":"https://static.tigerbbs.com/896b19fb8565f09ca6fd8d55709fdb5b","width":"1080","height":"202"},{"img":"https://static.tigerbbs.com/acacd31f856cb91310eb53d4c02df6e8","width":"1080","height":"720"},{"img":"https://static.tigerbbs.com/6e0db1ba6c762a728a3f7a47fde6a0b3","width":"949","height":"720"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/627672576","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":6,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1023,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9952281968,"gmtCreate":1674744360754,"gmtModify":1676538956714,"author":{"id":"3581248195467606","authorId":"3581248195467606","name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581248195467606","authorIdStr":"3581248195467606"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9952281968","repostId":"1164122609","repostType":4,"isVote":1,"tweetType":1,"viewCount":1467,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9950196595,"gmtCreate":1672696815417,"gmtModify":1676538720267,"author":{"id":"3581248195467606","authorId":"3581248195467606","name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581248195467606","authorIdStr":"3581248195467606"},"themes":[],"htmlText":"<a 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data-views=\"1\"></v-v>[财迷]&nbsp;","text":"$苹果(AAPL)$[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9981153523","isVote":1,"tweetType":1,"viewCount":299,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9943507407,"gmtCreate":1679532661110,"gmtModify":1679532664860,"author":{"id":"3581248195467606","authorId":"3581248195467606","name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581248195467606","authorIdStr":"3581248195467606"},"themes":[],"htmlText":"[财迷]&nbsp;","listText":"[财迷]&nbsp;","text":"[财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9943507407","repostId":"2321891580","repostType":4,"repost":{"id":"2321891580","kind":"news","pubTimestamp":1679526139,"share":"https://ttm.financial/m/news/2321891580?lang=en_US&edition=fundamental","pubTime":"2023-03-23 07:02","market":"us","language":"zh","title":"Foreign media headlines | 9 times in a row! The Fed makes another 25 percentage points of rate hike","url":"https://stock-news.laohu8.com/highlight/detail?id=2321891580","media":"环球市场播报","summary":"　　美联储周三宣布加息25个基点，表达了对近期银行业危机的谨慎态度，并暗示加息即将结束。　　FOMC会后声明称：“委员会将密切监控新传来的信息，并评估其对货币政策的影响。”　　美联储下调美国2023年GDP增长预期至0.4%，12月料增0.5%。　　美联储主席鲍威尔表示，在本月美国有三家银行倒闭后，美联储准备“使用我们所有的工具”来保持银行系统安全、稳固和高效。当时美联储还制定了一项针对银行的新贷款计划，并引发了激烈政治争议。","content":"<p><html><head></head><body><b>The headlines that the global financial media paid attention to last night and this morning mainly include:</b></p><p><b>1. The Federal Reserve's rate hike is 25 basis points, lowering its U.S. GDP forecast for the next two years</b><b>2. Powell: The Fed will \"use all tools\" to protect the banking system</b><b>3. U.S. Treasury Secretary Yellen will emphasize that bank owners and bondholders are not protected by the government</b><b>4. UBS will repurchase euro-denominated \"self-help\" bonds to give investors a stop loss opportunity</b><b>5. Analysts say the Federal Reserve is the \"culprit\" of the banking crisis and a large number of banks may cease to exist in the next 1-2 years</b><b>6. Wall Street sees the Fed's rate hike as hawkish as possible as the banking sector is struggling</b><img src=\"https://static.tigerbbs.com/436ce60db439214505de766a8ff983d8\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Fed rate hike 25 basis points, lowers U.S. GDP forecast for next two years</b></p><p>The Federal Reserve announced a 25 basis point rate hike on Wednesday, expressing caution about the recent banking crisis and suggesting that the rate hike is coming to an end.</p><p>In the ninth rate hike since March 2022, the Federal Open Market Committee (FOMC), which sets interest rates, noted that future rate hike is uncertain and will depend largely on future data.</p><p>\"The committee will closely monitor new information and assess its impact on monetary policy,\" the FOMC's post-meeting statement said. \"The committee anticipates that some additional policy tightening may be appropriate to achieve a monetary policy stance that is sufficiently rigorous to return inflation to 2% over time.\"</p><p>The Federal Reserve lowered its U.S. GDP growth forecast for 2023 to 0.4%, and is expected to increase by 0.5% in December. The U.S. GDP growth forecast for 2024 was lowered to 1.2%, and it is expected to increase by 1.6% in December.</p><p><img src=\"https://static.tigerbbs.com/4a58a35f86e69d1d10b9bc345a43c52e\" tg-width=\"550\" tg-height=\"310\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Powell: Fed will'use all tools' to protect banking system</b></p><p>Federal Reserve Chairman Jerome Powell said the Fed is ready to \"use all our tools\" to keep the banking system safe, stable and efficient after three U.S. banks failed this month.</p><p>Powell said at a news conference Wednesday that continued monitoring is necessary to better alleviate \"the severe difficulties of a small number of banks.\"</p><p>\"The banking system is solid and resilient,\" Powell said in response to a question about the outflow of deposits from various mid-sized banks. He added that the financial system is well capitalized and liquid.</p><p>Powell highlighted the extraordinary measures taken by regulators earlier this month to quell concerns. At that time, the Federal Reserve also formulated a new lending program for banks, which caused fierce political controversy.</p><p><img src=\"https://static.tigerbbs.com/659aa2eccb8583113b463096f49f4dc2\" tg-width=\"490\" tg-height=\"336\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>U.S. Treasury Secretary Yellen will stress that bank owners and bondholders are not protected by the government</b></p><p>U.S. Treasury Secretary Janet Yellen plans to uphold the Biden administration's actions aimed at boosting confidence in the U.S. banking industry in Congress on Wednesday, stressing that no bailouts were offered to owners or investors of any failed banks.</p><p>\"It's important to be clear: shareholders and debt holders of failed banks are not protected by the government,\" Yellen said.</p><p>\"The losses caused by the disposal procedures of these banks are not borne by taxpayers,\" she added, \"and the protection of deposits is provided by the Deposit Insurance Fund, which is funded by the insured banks' premiums.\"</p><p><img src=\"https://static.tigerbbs.com/004ce7c27bb2d85c1cb3d340b3ad1c4b\" tg-width=\"550\" tg-height=\"329\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>UBS to buy back euro-denominated'self-help 'bonds to give investors a stop-loss opportunity</b></p><p>UBS plans to buy back the \"bail-in\" bonds it issued a few days before it agreed to buy Credit Suisse.</p><p>In order to alleviate market concerns about the risk of acquisition transactions, UBS made a repurchase request to creditors holding $3 billion of senior debt. Although shareholders cheered UBS's ability to buy Credit Suisse at a very low price, UBS's bond prices have continued to fall in recent days, and credit rating companies have lowered their outlook on the bank's bonds.</p><p>UBS, whose share price has risen steadily in the past two years, will spend several years completing the complex integration and restructuring with Credit Suisse, cutting costs by at least $8 billion. However, the bank believes that this price is worth it, because it will help the wealth management business further grow, and the negative goodwill of M&A transactions is 56 billion Swiss francs, and the Swiss government also guarantees some losses.</p><p><img src=\"https://static.tigerbbs.com/7dfeb9620496bf9cdfb56406901a6f9a\" tg-width=\"550\" tg-height=\"285\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Analysts say the Federal Reserve is the \"culprit\" of the banking crisis and a large number of banks may cease to exist in the next 1-2 years</b></p><p>At the moment of the banking crisis, many executives from the asset management and financial industries gathered at an investment conference in London on Wednesday to discuss many topics, including the current crisis.</p><p>\"It is true that we are not on the verge of a massive bank run, but there will be very, very significant consequences,\" Stanhope Capital CEO Daniel Pinto said in an interview. He said that this will include mergers, especially in the United States, and a more focused banking business.</p><p>\"I'd say the culprit is the Federal Reserve,\" Pinto said. \"Raising interest rates from zero to 4.75 per cent in eight months, and probably to 5 per cent more, is irresponsible and unnecessary.\"</p><p><img src=\"https://static.tigerbbs.com/a3445f0cfc38858e09a782eef374382c\" tg-width=\"550\" tg-height=\"350\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Wall Street sees the Fed's rate hike as hawkish as possible as banking struggles</b></p><p>Wall Street widely expected the Fed to rate hike by 25 basis points, and it did. But stock market investors disputed conflicting messages: Policy guidance shifted from \"continued\" rate hike to \"some additional\" policy tightening, even as Chairman Jerome Powell said the Fed wasn't tied.</p><p>The stock market then rose first and then fell. U.S. Treasury Bond and the U.S. dollar fell. With the Fed's expectations for unemployment and inflation largely unchanged, the summary of the Fed's economic forecasts is of little use to investors.</p><p>Although Powell said at the press conference that policymakers considered suspending rate hike before the meeting, the Fed still focused on the risk of high inflation while paying attention to the development of the banking system. \"If we need to raise interest rates higher, we will do it,\" he said.</p><p></body></html></p>","source":"sina","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 | 9 times in a row! The Fed makes another 25 percentage points of rate hike</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 | 9 times in a row! The Fed makes another 25 percentage points of rate hike\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">环球市场播报</strong><span class=\"h-time small\">2023-03-23 07:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>The headlines that the global financial media paid attention to last night and this morning mainly include:</b></p><p><b>1. The Federal Reserve's rate hike is 25 basis points, lowering its U.S. GDP forecast for the next two years</b><b>2. Powell: The Fed will \"use all tools\" to protect the banking system</b><b>3. U.S. Treasury Secretary Yellen will emphasize that bank owners and bondholders are not protected by the government</b><b>4. UBS will repurchase euro-denominated \"self-help\" bonds to give investors a stop loss opportunity</b><b>5. Analysts say the Federal Reserve is the \"culprit\" of the banking crisis and a large number of banks may cease to exist in the next 1-2 years</b><b>6. Wall Street sees the Fed's rate hike as hawkish as possible as the banking sector is struggling</b><img src=\"https://static.tigerbbs.com/436ce60db439214505de766a8ff983d8\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Fed rate hike 25 basis points, lowers U.S. GDP forecast for next two years</b></p><p>The Federal Reserve announced a 25 basis point rate hike on Wednesday, expressing caution about the recent banking crisis and suggesting that the rate hike is coming to an end.</p><p>In the ninth rate hike since March 2022, the Federal Open Market Committee (FOMC), which sets interest rates, noted that future rate hike is uncertain and will depend largely on future data.</p><p>\"The committee will closely monitor new information and assess its impact on monetary policy,\" the FOMC's post-meeting statement said. \"The committee anticipates that some additional policy tightening may be appropriate to achieve a monetary policy stance that is sufficiently rigorous to return inflation to 2% over time.\"</p><p>The Federal Reserve lowered its U.S. GDP growth forecast for 2023 to 0.4%, and is expected to increase by 0.5% in December. The U.S. GDP growth forecast for 2024 was lowered to 1.2%, and it is expected to increase by 1.6% in December.</p><p><img src=\"https://static.tigerbbs.com/4a58a35f86e69d1d10b9bc345a43c52e\" tg-width=\"550\" tg-height=\"310\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Powell: Fed will'use all tools' to protect banking system</b></p><p>Federal Reserve Chairman Jerome Powell said the Fed is ready to \"use all our tools\" to keep the banking system safe, stable and efficient after three U.S. banks failed this month.</p><p>Powell said at a news conference Wednesday that continued monitoring is necessary to better alleviate \"the severe difficulties of a small number of banks.\"</p><p>\"The banking system is solid and resilient,\" Powell said in response to a question about the outflow of deposits from various mid-sized banks. He added that the financial system is well capitalized and liquid.</p><p>Powell highlighted the extraordinary measures taken by regulators earlier this month to quell concerns. At that time, the Federal Reserve also formulated a new lending program for banks, which caused fierce political controversy.</p><p><img src=\"https://static.tigerbbs.com/659aa2eccb8583113b463096f49f4dc2\" tg-width=\"490\" tg-height=\"336\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>U.S. Treasury Secretary Yellen will stress that bank owners and bondholders are not protected by the government</b></p><p>U.S. Treasury Secretary Janet Yellen plans to uphold the Biden administration's actions aimed at boosting confidence in the U.S. banking industry in Congress on Wednesday, stressing that no bailouts were offered to owners or investors of any failed banks.</p><p>\"It's important to be clear: shareholders and debt holders of failed banks are not protected by the government,\" Yellen said.</p><p>\"The losses caused by the disposal procedures of these banks are not borne by taxpayers,\" she added, \"and the protection of deposits is provided by the Deposit Insurance Fund, which is funded by the insured banks' premiums.\"</p><p><img src=\"https://static.tigerbbs.com/004ce7c27bb2d85c1cb3d340b3ad1c4b\" tg-width=\"550\" tg-height=\"329\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>UBS to buy back euro-denominated'self-help 'bonds to give investors a stop-loss opportunity</b></p><p>UBS plans to buy back the \"bail-in\" bonds it issued a few days before it agreed to buy Credit Suisse.</p><p>In order to alleviate market concerns about the risk of acquisition transactions, UBS made a repurchase request to creditors holding $3 billion of senior debt. Although shareholders cheered UBS's ability to buy Credit Suisse at a very low price, UBS's bond prices have continued to fall in recent days, and credit rating companies have lowered their outlook on the bank's bonds.</p><p>UBS, whose share price has risen steadily in the past two years, will spend several years completing the complex integration and restructuring with Credit Suisse, cutting costs by at least $8 billion. However, the bank believes that this price is worth it, because it will help the wealth management business further grow, and the negative goodwill of M&A transactions is 56 billion Swiss francs, and the Swiss government also guarantees some losses.</p><p><img src=\"https://static.tigerbbs.com/7dfeb9620496bf9cdfb56406901a6f9a\" tg-width=\"550\" tg-height=\"285\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Analysts say the Federal Reserve is the \"culprit\" of the banking crisis and a large number of banks may cease to exist in the next 1-2 years</b></p><p>At the moment of the banking crisis, many executives from the asset management and financial industries gathered at an investment conference in London on Wednesday to discuss many topics, including the current crisis.</p><p>\"It is true that we are not on the verge of a massive bank run, but there will be very, very significant consequences,\" Stanhope Capital CEO Daniel Pinto said in an interview. He said that this will include mergers, especially in the United States, and a more focused banking business.</p><p>\"I'd say the culprit is the Federal Reserve,\" Pinto said. \"Raising interest rates from zero to 4.75 per cent in eight months, and probably to 5 per cent more, is irresponsible and unnecessary.\"</p><p><img src=\"https://static.tigerbbs.com/a3445f0cfc38858e09a782eef374382c\" tg-width=\"550\" tg-height=\"350\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>Wall Street sees the Fed's rate hike as hawkish as possible as banking struggles</b></p><p>Wall Street widely expected the Fed to rate hike by 25 basis points, and it did. But stock market investors disputed conflicting messages: Policy guidance shifted from \"continued\" rate hike to \"some additional\" policy tightening, even as Chairman Jerome Powell said the Fed wasn't tied.</p><p>The stock market then rose first and then fell. U.S. Treasury Bond and the U.S. dollar fell. With the Fed's expectations for unemployment and inflation largely unchanged, the summary of the Fed's economic forecasts is of little use to investors.</p><p>Although Powell said at the press conference that policymakers considered suspending rate hike before the meeting, the Fed still focused on the risk of high inflation while paying attention to the development of the banking system. \"If we need to raise interest rates higher, we will do it,\" he said.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/stock/usstock/c/2023-03-23/doc-imymuxpn9749588.shtml\">环球市场播报</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/436ce60db439214505de766a8ff983d8","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SPY":"标普500ETF","DDM":"2倍做多道指ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares","OEF":"标普100指数ETF-iShares","TQQQ":"纳指三倍做多ETF","BK4581":"高盛持仓","OEX":"标普100",".DJI":"道琼斯","DOG":"道指ETF-ProShares做空","QID":"两倍做空纳斯达克指数ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares","BK4585":"ETF&股票定投概念","BK4534":"瑞士信贷持仓",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SQQQ":"纳指三倍做空ETF","DJX":"1/100道琼斯","PSQ":"做空纳斯达克100指数ETF-ProShares","QQQ":"纳指100ETF","BK4504":"桥水持仓","BK4559":"巴菲特持仓","UDOW":"三倍做多道指30ETF-ProShares","UPRO":"三倍做多标普500ETF-ProShares","IVV":"标普500ETF-iShares","BK4588":"碎股","SPXU":"三倍做空标普500ETF-ProShares","BK4550":"红杉资本持仓","SH":"做空标普500-Proshares","SSO":"2倍做多标普500ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares"},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2023-03-23/doc-imymuxpn9749588.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2321891580","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、美联储加息25个基点，下调未来两年美国GDP预期2、鲍威尔：美联储将“使用所有工具”来保护银行体系3、美财长耶伦将强调银行所有者和债券持有人不受政府保护4、瑞银将回购欧元计价“自救”债券 给投资者一个止损机会5、分析师称美联储是银行业危机“祸首” 未来1-2年恐有大量银行不复存在6、华尔街认为银行业陷入困境之际 美联储的加息已尽可能鹰派美联储加息25个基点，下调未来两年美国GDP预期美联储周三宣布加息25个基点，表达了对近期银行业危机的谨慎态度，并暗示加息即将结束。这是自2022年3月以来的第九次加息，制定利率的联邦公开市场委员会（FOMC）指出，未来的加息并不确定，将在很大程度上取决于未来的数据。FOMC会后声明称：“委员会将密切监控新传来的信息，并评估其对货币政策的影响。”“委员会预计，一些额外的政策收紧可能是适当的，以达到一种足够严格的货币政策立场，随着时间的推移，使通胀恢复到2%。”美联储下调美国2023年GDP增长预期至0.4%，12月料增0.5%。下调美国2024年GDP增长预期至1.2%，12月料增1.6%。鲍威尔：美联储将“使用所有工具”来保护银行体系美联储主席鲍威尔表示，在本月美国有三家银行倒闭后，美联储准备“使用我们所有的工具”来保持银行系统安全、稳固和高效。鲍威尔周三在新闻发布会上表示，有必要继续监控，以更好地缓解“少数银行的严重困难”。“银行系统稳固且有韧性，”鲍威尔在回答有关存款从各种中型银行外流的问题时表示。他补充说，金融系统资本金和流动性充足。鲍威尔强调了监管机构本月早些时候为平息担忧而采取的非常措施。当时美联储还制定了一项针对银行的新贷款计划，并引发了激烈政治争议。美财长耶伦将强调银行所有者和债券持有人不受政府保护美国财政部长耶伦计划周三在国会维护拜登政府旨在增强对美国银行业信心的行动，并强调并未向任何倒闭的银行的所有者或投资者提供救助。耶伦表示，“重要的是要明确：倒闭银行的股东和债务持有人不受政府的保护。”“这些银行的处置程序所造成的损失不由纳税人承担，”她补充说，“对存款的保护由存款保险基金提供，而该基金的资金来源是受保银行的保费。”瑞银将回购欧元计价“自救”债券 给投资者一个止损机会瑞银集团计划回购其在同意收购瑞信的前几天所发行“自救”（bail-in）债券。为了缓解市场对收购交易风险的担忧，瑞银向持有30亿美元优先债的债权人提出了回购请求。虽然股东们为瑞银能以极低价购得瑞信欢呼雀跃，但瑞银的债券价格最近几天持续下跌，信用评级公司也下调了对该行债券的评级展望。过去两年股价稳步上涨的瑞银将花数年时间完成与瑞信复杂的整合重组，削减至少80亿美元成本。但该行认为这个代价值得，因为有助于财富管理业务进一步壮大，而且并购交易的负商誉有560亿瑞郎，瑞士政府还对部分损失提供担保。分析师称美联储是银行业危机“祸首” 未来1-2年恐有大量银行不复存在银行业危机当前，资产管理和金融业众多高管周三齐聚伦敦的投资会议，探讨包括当前危机在内的诸多议题。“的确，我们并不处在银行大规模挤兑的边缘，但会有非常非常重大的后果，”Stanhope Capital首席执行官Daniel Pinto在接受采访时表示。他说道，这将会包括合并，尤其是在美国，以及银行业务更为专注。“我得说，罪魁祸首是美联储，”Pinto说道。“八个月内将利率从零提高到4.75%，很可能还会到5%，是不负责任的，也没有必要。”华尔街认为银行业陷入困境之际 美联储的加息已尽可能鹰派华尔街普遍预期美联储将加息25个基点，而事实也的确如此。但股市投资者对相互矛盾的信息有争议：政策指引从“持续”加息变成“一些额外的”政策紧缩，尽管主席鲍威尔称美联储并未束手束脚。股市随之先涨后跌。美国国债和美元下跌。由于美联储对失业率和通胀的预期基本不变，美联储的经济预测摘要对投资者没多大用处。虽然鲍威尔在新闻发布会上表示，决策者会前考虑过暂停加息，但美联储在关注银行体系形势发展的同时仍把重点放在高通胀风险上。 “如果我们需要把利率提得更高，我们就会做，”他说。","news_type":1,"symbols_score_info":{"161125":0.6,"513500":0.6,"SPY":1,"DDM":0.6,"DXD":0.6,"DJX":0.6,"OEX":0.6,"DOG":0.6,"NQmain":0.6,"SQQQ":0.6,"SSO":0.6,"SDOW":0.6,".DJI":1,".SPX":0.6,"UPRO":0.6,"ESmain":0.6,"IVV":0.6,"MNQmain":0.6,"OEF":0.6,"SDS":0.6,"TQQQ":0.6,"QQQ":0.6,"SPXU":0.6,".IXIC":1,"QLD":0.6,"QID":0.6,"SH":0.6,"UDOW":0.6,"PSQ":0.6}},"isVote":1,"tweetType":1,"viewCount":2901,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9956544671,"gmtCreate":1674090900894,"gmtModify":1676538922655,"author":{"id":"3581248195467606","authorId":"3581248195467606","name":"Jimmy_Lim","avatar":"https://static.tigerbbs.com/5ceafce63702cf6380a94cf3f2b95a6c","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581248195467606","authorIdStr":"3581248195467606"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AAPL\">$苹果(AAPL)$&nbsp;</a><v-v 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