Investors are in an historically rotten mood. Their three biggest fears are overblown, strategist says.

MarketWatch2021-09-17

The American Association of Individual Investors has been tracking retail sentiment since 1987, and this week, wow has that mood been rotten. The spread between bullish and bearish sentiment nosedived...

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Comments

LimLS
2021-09-19
LimLS
Yes. These issues are overblown. Just small road bumps in our 20-50 years long investing journey. When we look back many years later, we will just laugh at these small issues. In our long journey, there is bound to have road bumps. Just buy strong companies, sit tight and enjoy the ride.
- Fenixa:
  Agreed.
- Ku9787:
  yes
Pluto891
2021-09-19
Pluto891
worry unfounded . just excuse for rise n fall
maranbala20
2021-09-19
maranbala20
Good
maranbala20
2021-09-19
maranbala20
Good
JoelLee
2021-09-18
JoelLee
Reply and comment pls thx
- JeremyKok:
  hi. please like and comment back. thank you.
- YZhaha:
  comment
Jackytan
2021-09-18
Jackytan
But why are they in such a rotten mood? This article suggests what they're worrying about is nothing to worry about.

Leave a comment

271

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The spread between bullish and bearish sentiment nosedived...</p>\n\n<a href=\"https://www.marketwatch.com/story/investors-are-in-an-historically-rotten-mood-their-three-biggest-fears-are-overblown-strategist-says-11631875434?mod=home-page\">Source Link</a>\n\n</div>\n","source":"lsy1603348471595","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>Investors are in an historically rotten mood. Their three biggest fears are overblown, strategist says.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInvestors are in an historically rotten mood. Their three biggest fears are overblown, strategist says.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-17 21:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/investors-are-in-an-historically-rotten-mood-their-three-biggest-fears-are-overblown-strategist-says-11631875434?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The American Association of Individual Investors has been tracking retail sentiment since 1987, and this week, wow has that mood been rotten. The spread between bullish and bearish sentiment nosedived...</p>\n\n<a href=\"https://www.marketwatch.com/story/investors-are-in-an-historically-rotten-mood-their-three-biggest-fears-are-overblown-strategist-says-11631875434?mod=home-page\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"EGRNF","symbol_name":"China Evergrande Group","start_time":0,"source_url":"https://www.marketwatch.com/story/investors-are-in-an-historically-rotten-mood-their-three-biggest-fears-are-overblown-strategist-says-11631875434?mod=home-page","article_id":"2168612522","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2168612522","pubTimestamp":1631886386,"columns":[],"sourceInfo":{"source_id":"lsy1603348471595","name":"MarketWatch"},"weMediaInfo":null,"summary":"The American Association of Individual Investors has been tracking retail sentiment since 1987, and ","collect":0,"end_time":0,"defaultTopTitle":"marketwatch.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"EGRNF":"China Evergrande Group","BNTX":"BioNTech SE",".DJI":"道琼斯","ISBC":"投资者银行","03333":"中国恒大","PFE":"辉瑞","STT":"道富银行","IVZ":"美国景顺集团",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","BLK":"贝莱德"},"translate_title":"投资者正处于一种历史上糟糕的情绪中。策略师表示，他们最大的三个担忧被夸大了。","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"03333":0.9,"BLK":0.9,"BNTX":0.9,"EGRNF":0.9,"ISBC":0.9,"IVZ":0.9,"PFE":0.9,"STT":0.9},"content_text":"The American Association of Individual Investors has been tracking retail sentiment since 1987, and this week, wow has that mood been rotten. The spread between bullish and bearish sentiment nosedived to -17%, from positive 12% just a week earlier. That's the lowest read since October 2020, and the biggest one-week drop since August 2019.\nThe good news is that quick downturns in investor pessimism are usually unfounded. Buying last October, ahead of the U.S. election, would have netted a cool 33% gain in the S&P 500 . Buying the blues of August 2019 would've left an investor up 17% a year later.\nIn a note to clients, Truist Advisory Services chief market strategist Keith Lerner takes on three of the biggest concerns that investors have -- and why he's bullish anyway.\n\nThe first is the idea of peak economic growth being reached. Lerner says the evidence favors the idea that the delta strain of coronavirus deferred rather than capped growth. \"We now expect roughly 6.2% U.S. economic growth for this year and a healthy 4.5% pace next year, which would still be about double the pre-pandemic trend,\" he says. The Citi U.S. Economic Surprise Index has fallen so much that it's now at an area where it tends to rise again.\nThe next issue is the likely taper of bond purchases by the Federal Reserve. Lerner notes it's well-telegraphed, that in any event the Fed will still be buying bonds next year, and that the economy is in a much stronger position than it was during the 2013 taper.\nThe third issue is the tax hikes, for corporations and investors, being considered by Congress. Lerner says the consensus is that the corporate tax rate will be raised to 25% from 21%, and capital-gains taxes will be increased to 25% from 20% for those making over $400,000.\n\nLerner says when the historical impact of tax policy on market returns and economic growth is examined, there isn't a consistent relationship. For example, in the high-tax 1950s, there were the best stock market returns of the past 70 years as well as a robust economic environment; in the low-tax 2000s, there was the bursting of the technology bubble as well as the global financial crisis.\n\"We are not suggesting that taxes don't matter. Instead, our works shows that taxes are only one of many factors that influence market returns. Moreover, the business cycle tends to overwhelm tax policy,\" he says, estimating a 5% drag on corporate earnings from tax proposals.\nWhat does look attractive, he says, is relative valuation. The equity risk premium, a metric that compares the valuation of stocks to bonds, remains at a level that has historically corresponded with stocks outperforming bonds on a 12-month basis, he says.\nThe chart\n\nA study finds that narcissistic chief executives drive fewer, but larger, mergers and acquisitions. But how do you identify narcissism? By studying conference calls, and their use of personal pronouns. \"The higher this ratio of first person personal pronouns to all personal pronouns is, the more likely it is that a CEO will try to engage in dumb outsized acquisitions that will lead to lower shareholder value,\" says Joachim Klement, the Liberum Capital strategist who also maintains his own blog.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":887802372,"gmtCreate":1632013935996,"gmtModify":1676530685865,"author":{"id":"3572923586954779","authorId":"3572923586954779","name":"LimLS","avatar":"https://static.tigerbbs.com/217b03b0c4808fb537070ba4e8f9d83f","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"3572923586954779","authorIdStr":"3572923586954779"},"htmlText":"Yes. These issues are overblown. Just small road bumps in our 20-50 years long investing journey. When we look back many years later, we will just laugh at these small issues. In our long journey, there is bound to have road bumps. Just buy strong companies, sit tight and enjoy the ride.","listText":"Yes. These issues are overblown. Just small road bumps in our 20-50 years long investing journey. When we look back many years later, we will just laugh at these small issues. In our long journey, there is bound to have road bumps. Just buy strong companies, sit tight and enjoy the ride.","text":"Yes. These issues are overblown. Just small road bumps in our 20-50 years long investing journey. When we look back many years later, we will just laugh at these small issues. In our long journey, there is bound to have road bumps. Just buy strong companies, sit tight and enjoy the ride.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/887802372","repostId":2168612522,"repostType":4,"repost":{"id":"2168612522","kind":"highlight","pubTimestamp":1631886386,"share":"https://ttm.financial/m/news/2168612522?lang=&edition=fundamental","pubTime":"2021-09-17 21:46","market":"us","language":"en","title":"Investors are in an historically rotten mood. Their three biggest fears are overblown, strategist says.","url":"https://stock-news.laohu8.com/highlight/detail?id=2168612522","media":"MarketWatch","summary":"The American Association of Individual Investors has been tracking retail sentiment since 1987, and ","content":"<p>The American Association of Individual Investors has been tracking retail sentiment since 1987, and this week, wow has that mood been rotten. The spread between bullish and bearish sentiment nosedived to -17%, from positive 12% just a week earlier. That's the lowest read since October 2020, and the biggest one-week drop since August 2019.</p>\n<p>The good news is that quick downturns in investor pessimism are usually unfounded. Buying last October, ahead of the U.S. election, would have netted a cool 33% gain in the S&amp;P 500 . Buying the blues of August 2019 would've left an investor up 17% a year later.</p>\n<p>In a note to clients, Truist Advisory Services chief market strategist Keith Lerner takes on three of the biggest concerns that investors have -- and why he's bullish anyway.</p>\n<p><img src=\"https://static.tigerbbs.com/a4b9f4f3671025b5a422133198067a25\" tg-width=\"700\" tg-height=\"308\" referrerpolicy=\"no-referrer\"></p>\n<p>The first is the idea of peak economic growth being reached. Lerner says the evidence favors the idea that the delta strain of coronavirus deferred rather than capped growth. \"We now expect roughly 6.2% U.S. economic growth for this year and a healthy 4.5% pace next year, which would still be about double the pre-pandemic trend,\" he says. The Citi U.S. Economic Surprise Index has fallen so much that it's now at an area where it tends to rise again.</p>\n<p>The next issue is the likely taper of bond purchases by the Federal Reserve. Lerner notes it's well-telegraphed, that in any event the Fed will still be buying bonds next year, and that the economy is in a much stronger position than it was during the 2013 taper.</p>\n<p>The third issue is the tax hikes, for corporations and investors, being considered by Congress. Lerner says the consensus is that the corporate tax rate will be raised to 25% from 21%, and capital-gains taxes will be increased to 25% from 20% for those making over $400,000.</p>\n<p><img src=\"https://static.tigerbbs.com/bbbc385843fc580c2c16183403ee34be\" tg-width=\"700\" tg-height=\"292\" referrerpolicy=\"no-referrer\"></p>\n<p>Lerner says when the historical impact of tax policy on market returns and economic growth is examined, there isn't a consistent relationship. For example, in the high-tax 1950s, there were the best stock market returns of the past 70 years as well as a robust economic environment; in the low-tax 2000s, there was the bursting of the technology bubble as well as the global financial crisis.</p>\n<p>\"We are not suggesting that taxes don't matter. Instead, our works shows that taxes are only one of many factors that influence market returns. Moreover, the business cycle tends to overwhelm tax policy,\" he says, estimating a 5% drag on corporate earnings from tax proposals.</p>\n<p>What does look attractive, he says, is relative valuation. The equity risk premium, a metric that compares the valuation of stocks to bonds, remains at a level that has historically corresponded with stocks outperforming bonds on a 12-month basis, he says.</p>\n<p><b>The chart</b></p>\n<p><img src=\"https://static.tigerbbs.com/a7ebf8955e6463b888549c9b44013d82\" tg-width=\"700\" tg-height=\"504\" referrerpolicy=\"no-referrer\"></p>\n<p>A study finds that narcissistic chief executives drive fewer, but larger, mergers and acquisitions. But how do you identify narcissism? By studying conference calls, and their use of personal pronouns. \"The higher this ratio of first person personal pronouns to all personal pronouns is, the more likely it is that a CEO will try to engage in dumb outsized acquisitions that will lead to lower shareholder value,\" says Joachim Klement, the Liberum Capital strategist who also maintains his own blog.</p>","source":"lsy1603348471595","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>Investors are in an historically rotten mood. 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Their three biggest fears are overblown, strategist says.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-17 21:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/investors-are-in-an-historically-rotten-mood-their-three-biggest-fears-are-overblown-strategist-says-11631875434?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The American Association of Individual Investors has been tracking retail sentiment since 1987, and this week, wow has that mood been rotten. The spread between bullish and bearish sentiment nosedived...</p>\n\n<a href=\"https://www.marketwatch.com/story/investors-are-in-an-historically-rotten-mood-their-three-biggest-fears-are-overblown-strategist-says-11631875434?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ISBC":"投资者银行",".IXIC":"NASDAQ Composite","IVZ":"美国景顺集团","PFE":"辉瑞",".SPX":"S&P 500 Index","EGRNF":"China Evergrande Group","03333":"中国恒大","BNTX":"BioNTech SE","STT":"道富银行","BLK":"贝莱德",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/investors-are-in-an-historically-rotten-mood-their-three-biggest-fears-are-overblown-strategist-says-11631875434?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2168612522","content_text":"The American Association of Individual Investors has been tracking retail sentiment since 1987, and this week, wow has that mood been rotten. The spread between bullish and bearish sentiment nosedived to -17%, from positive 12% just a week earlier. That's the lowest read since October 2020, and the biggest one-week drop since August 2019.\nThe good news is that quick downturns in investor pessimism are usually unfounded. Buying last October, ahead of the U.S. election, would have netted a cool 33% gain in the S&P 500 . Buying the blues of August 2019 would've left an investor up 17% a year later.\nIn a note to clients, Truist Advisory Services chief market strategist Keith Lerner takes on three of the biggest concerns that investors have -- and why he's bullish anyway.\n\nThe first is the idea of peak economic growth being reached. Lerner says the evidence favors the idea that the delta strain of coronavirus deferred rather than capped growth. \"We now expect roughly 6.2% U.S. economic growth for this year and a healthy 4.5% pace next year, which would still be about double the pre-pandemic trend,\" he says. The Citi U.S. Economic Surprise Index has fallen so much that it's now at an area where it tends to rise again.\nThe next issue is the likely taper of bond purchases by the Federal Reserve. Lerner notes it's well-telegraphed, that in any event the Fed will still be buying bonds next year, and that the economy is in a much stronger position than it was during the 2013 taper.\nThe third issue is the tax hikes, for corporations and investors, being considered by Congress. Lerner says the consensus is that the corporate tax rate will be raised to 25% from 21%, and capital-gains taxes will be increased to 25% from 20% for those making over $400,000.\n\nLerner says when the historical impact of tax policy on market returns and economic growth is examined, there isn't a consistent relationship. For example, in the high-tax 1950s, there were the best stock market returns of the past 70 years as well as a robust economic environment; in the low-tax 2000s, there was the bursting of the technology bubble as well as the global financial crisis.\n\"We are not suggesting that taxes don't matter. Instead, our works shows that taxes are only one of many factors that influence market returns. Moreover, the business cycle tends to overwhelm tax policy,\" he says, estimating a 5% drag on corporate earnings from tax proposals.\nWhat does look attractive, he says, is relative valuation. The equity risk premium, a metric that compares the valuation of stocks to bonds, remains at a level that has historically corresponded with stocks outperforming bonds on a 12-month basis, he says.\nThe chart\n\nA study finds that narcissistic chief executives drive fewer, but larger, mergers and acquisitions. But how do you identify narcissism? By studying conference calls, and their use of personal pronouns. \"The higher this ratio of first person personal pronouns to all personal pronouns is, the more likely it is that a CEO will try to engage in dumb outsized acquisitions that will lead to lower shareholder value,\" says Joachim Klement, the Liberum Capital strategist who also maintains his own blog.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5928742,"gmtCreate":1632101734388,"gmtModify":1663234132755,"authorId":3570681253064843,"author":{"id":3570681253064843,"idStr":"3570681253064843","authorId":3570681253064843,"name":"Fenixa","avatar":"https://static.tigerbbs.com/b185d5b91de809f3dadf7b03eedfed6b","vip":1,"currentWearingBadge":{"badgeId":"44212b71d0be4ec88898348dbe882e03-1","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Boss Tiger","description":"The transaction amount of the securities account reaches $100,000","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"60.54%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1101},"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":887802372,"type":1,"supId":0,"prevId":0,"content":"Agreed.","text":"Agreed.","html":"Agreed."},{"id":5918416,"gmtCreate":1632014294635,"gmtModify":1663234093631,"authorId":3581947337293370,"author":{"id":3581947337293370,"idStr":"3581947337293370","authorId":3581947337293370,"name":"Ku9787","avatar":"https://static.tigerbbs.com/673e038dbe2974017866e5beb5d79032","vip":1,"crmLevel":8,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":887802372,"type":1,"supId":0,"prevId":0,"content":"<u>yes</u>","text":"<u>yes</u>","html":"<u>yes</u>"}],"langContent":"EN"},{"id":887129423,"gmtCreate":1632010247162,"gmtModify":1676530684628,"author":{"id":"3581937910767045","authorId":"3581937910767045","name":"Pluto891","avatar":"https://static.tigerbbs.com/c9963f2ef3d3ad2aff28340461d3d6d0","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3581937910767045","authorIdStr":"3581937910767045"},"htmlText":"worry unfounded . just excuse for rise n fall","listText":"worry unfounded . just excuse for rise n fall","text":"worry unfounded . just excuse for rise n fall","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/887129423","repostId":2168612522,"repostType":4,"repost":{"id":"2168612522","kind":"highlight","pubTimestamp":1631886386,"share":"https://ttm.financial/m/news/2168612522?lang=&edition=fundamental","pubTime":"2021-09-17 21:46","market":"us","language":"en","title":"Investors are in an historically rotten mood. Their three biggest fears are overblown, strategist says.","url":"https://stock-news.laohu8.com/highlight/detail?id=2168612522","media":"MarketWatch","summary":"The American Association of Individual Investors has been tracking retail sentiment since 1987, and ","content":"<p>The American Association of Individual Investors has been tracking retail sentiment since 1987, and this week, wow has that mood been rotten. The spread between bullish and bearish sentiment nosedived to -17%, from positive 12% just a week earlier. That's the lowest read since October 2020, and the biggest one-week drop since August 2019.</p>\n<p>The good news is that quick downturns in investor pessimism are usually unfounded. Buying last October, ahead of the U.S. election, would have netted a cool 33% gain in the S&amp;P 500 . Buying the blues of August 2019 would've left an investor up 17% a year later.</p>\n<p>In a note to clients, Truist Advisory Services chief market strategist Keith Lerner takes on three of the biggest concerns that investors have -- and why he's bullish anyway.</p>\n<p><img src=\"https://static.tigerbbs.com/a4b9f4f3671025b5a422133198067a25\" tg-width=\"700\" tg-height=\"308\" referrerpolicy=\"no-referrer\"></p>\n<p>The first is the idea of peak economic growth being reached. Lerner says the evidence favors the idea that the delta strain of coronavirus deferred rather than capped growth. \"We now expect roughly 6.2% U.S. economic growth for this year and a healthy 4.5% pace next year, which would still be about double the pre-pandemic trend,\" he says. The Citi U.S. Economic Surprise Index has fallen so much that it's now at an area where it tends to rise again.</p>\n<p>The next issue is the likely taper of bond purchases by the Federal Reserve. Lerner notes it's well-telegraphed, that in any event the Fed will still be buying bonds next year, and that the economy is in a much stronger position than it was during the 2013 taper.</p>\n<p>The third issue is the tax hikes, for corporations and investors, being considered by Congress. Lerner says the consensus is that the corporate tax rate will be raised to 25% from 21%, and capital-gains taxes will be increased to 25% from 20% for those making over $400,000.</p>\n<p><img src=\"https://static.tigerbbs.com/bbbc385843fc580c2c16183403ee34be\" tg-width=\"700\" tg-height=\"292\" referrerpolicy=\"no-referrer\"></p>\n<p>Lerner says when the historical impact of tax policy on market returns and economic growth is examined, there isn't a consistent relationship. For example, in the high-tax 1950s, there were the best stock market returns of the past 70 years as well as a robust economic environment; in the low-tax 2000s, there was the bursting of the technology bubble as well as the global financial crisis.</p>\n<p>\"We are not suggesting that taxes don't matter. Instead, our works shows that taxes are only one of many factors that influence market returns. Moreover, the business cycle tends to overwhelm tax policy,\" he says, estimating a 5% drag on corporate earnings from tax proposals.</p>\n<p>What does look attractive, he says, is relative valuation. The equity risk premium, a metric that compares the valuation of stocks to bonds, remains at a level that has historically corresponded with stocks outperforming bonds on a 12-month basis, he says.</p>\n<p><b>The chart</b></p>\n<p><img src=\"https://static.tigerbbs.com/a7ebf8955e6463b888549c9b44013d82\" tg-width=\"700\" tg-height=\"504\" referrerpolicy=\"no-referrer\"></p>\n<p>A study finds that narcissistic chief executives drive fewer, but larger, mergers and acquisitions. But how do you identify narcissism? By studying conference calls, and their use of personal pronouns. \"The higher this ratio of first person personal pronouns to all personal pronouns is, the more likely it is that a CEO will try to engage in dumb outsized acquisitions that will lead to lower shareholder value,\" says Joachim Klement, the Liberum Capital strategist who also maintains his own blog.</p>","source":"lsy1603348471595","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>Investors are in an historically rotten mood. Their three biggest fears are overblown, strategist says.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInvestors are in an historically rotten mood. Their three biggest fears are overblown, strategist says.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-17 21:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/investors-are-in-an-historically-rotten-mood-their-three-biggest-fears-are-overblown-strategist-says-11631875434?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The American Association of Individual Investors has been tracking retail sentiment since 1987, and this week, wow has that mood been rotten. The spread between bullish and bearish sentiment nosedived...</p>\n\n<a href=\"https://www.marketwatch.com/story/investors-are-in-an-historically-rotten-mood-their-three-biggest-fears-are-overblown-strategist-says-11631875434?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ISBC":"投资者银行",".IXIC":"NASDAQ Composite","IVZ":"美国景顺集团","PFE":"辉瑞",".SPX":"S&P 500 Index","EGRNF":"China Evergrande Group","03333":"中国恒大","BNTX":"BioNTech SE","STT":"道富银行","BLK":"贝莱德",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/investors-are-in-an-historically-rotten-mood-their-three-biggest-fears-are-overblown-strategist-says-11631875434?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2168612522","content_text":"The American Association of Individual Investors has been tracking retail sentiment since 1987, and this week, wow has that mood been rotten. The spread between bullish and bearish sentiment nosedived to -17%, from positive 12% just a week earlier. That's the lowest read since October 2020, and the biggest one-week drop since August 2019.\nThe good news is that quick downturns in investor pessimism are usually unfounded. Buying last October, ahead of the U.S. election, would have netted a cool 33% gain in the S&P 500 . Buying the blues of August 2019 would've left an investor up 17% a year later.\nIn a note to clients, Truist Advisory Services chief market strategist Keith Lerner takes on three of the biggest concerns that investors have -- and why he's bullish anyway.\n\nThe first is the idea of peak economic growth being reached. Lerner says the evidence favors the idea that the delta strain of coronavirus deferred rather than capped growth. \"We now expect roughly 6.2% U.S. economic growth for this year and a healthy 4.5% pace next year, which would still be about double the pre-pandemic trend,\" he says. The Citi U.S. Economic Surprise Index has fallen so much that it's now at an area where it tends to rise again.\nThe next issue is the likely taper of bond purchases by the Federal Reserve. Lerner notes it's well-telegraphed, that in any event the Fed will still be buying bonds next year, and that the economy is in a much stronger position than it was during the 2013 taper.\nThe third issue is the tax hikes, for corporations and investors, being considered by Congress. Lerner says the consensus is that the corporate tax rate will be raised to 25% from 21%, and capital-gains taxes will be increased to 25% from 20% for those making over $400,000.\n\nLerner says when the historical impact of tax policy on market returns and economic growth is examined, there isn't a consistent relationship. For example, in the high-tax 1950s, there were the best stock market returns of the past 70 years as well as a robust economic environment; in the low-tax 2000s, there was the bursting of the technology bubble as well as the global financial crisis.\n\"We are not suggesting that taxes don't matter. Instead, our works shows that taxes are only one of many factors that influence market returns. Moreover, the business cycle tends to overwhelm tax policy,\" he says, estimating a 5% drag on corporate earnings from tax proposals.\nWhat does look attractive, he says, is relative valuation. The equity risk premium, a metric that compares the valuation of stocks to bonds, remains at a level that has historically corresponded with stocks outperforming bonds on a 12-month basis, he says.\nThe chart\n\nA study finds that narcissistic chief executives drive fewer, but larger, mergers and acquisitions. But how do you identify narcissism? By studying conference calls, and their use of personal pronouns. \"The higher this ratio of first person personal pronouns to all personal pronouns is, the more likely it is that a CEO will try to engage in dumb outsized acquisitions that will lead to lower shareholder value,\" says Joachim Klement, the Liberum Capital strategist who also maintains his own blog.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":887113769,"gmtCreate":1632006800751,"gmtModify":1676530683676,"author":{"id":"4093209226810830","authorId":"4093209226810830","name":"maranbala20","avatar":"https://static.tigerbbs.com/2668930537220789fb12586244a86743","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4093209226810830","authorIdStr":"4093209226810830"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/887113769","repostId":2168612522,"repostType":4,"repost":{"id":"2168612522","kind":"highlight","pubTimestamp":1631886386,"share":"https://ttm.financial/m/news/2168612522?lang=&edition=fundamental","pubTime":"2021-09-17 21:46","market":"us","language":"en","title":"Investors are in an historically rotten mood. Their three biggest fears are overblown, strategist says.","url":"https://stock-news.laohu8.com/highlight/detail?id=2168612522","media":"MarketWatch","summary":"The American Association of Individual Investors has been tracking retail sentiment since 1987, and ","content":"<p>The American Association of Individual Investors has been tracking retail sentiment since 1987, and this week, wow has that mood been rotten. The spread between bullish and bearish sentiment nosedived to -17%, from positive 12% just a week earlier. That's the lowest read since October 2020, and the biggest one-week drop since August 2019.</p>\n<p>The good news is that quick downturns in investor pessimism are usually unfounded. Buying last October, ahead of the U.S. election, would have netted a cool 33% gain in the S&amp;P 500 . Buying the blues of August 2019 would've left an investor up 17% a year later.</p>\n<p>In a note to clients, Truist Advisory Services chief market strategist Keith Lerner takes on three of the biggest concerns that investors have -- and why he's bullish anyway.</p>\n<p><img src=\"https://static.tigerbbs.com/a4b9f4f3671025b5a422133198067a25\" tg-width=\"700\" tg-height=\"308\" referrerpolicy=\"no-referrer\"></p>\n<p>The first is the idea of peak economic growth being reached. Lerner says the evidence favors the idea that the delta strain of coronavirus deferred rather than capped growth. \"We now expect roughly 6.2% U.S. economic growth for this year and a healthy 4.5% pace next year, which would still be about double the pre-pandemic trend,\" he says. The Citi U.S. Economic Surprise Index has fallen so much that it's now at an area where it tends to rise again.</p>\n<p>The next issue is the likely taper of bond purchases by the Federal Reserve. Lerner notes it's well-telegraphed, that in any event the Fed will still be buying bonds next year, and that the economy is in a much stronger position than it was during the 2013 taper.</p>\n<p>The third issue is the tax hikes, for corporations and investors, being considered by Congress. Lerner says the consensus is that the corporate tax rate will be raised to 25% from 21%, and capital-gains taxes will be increased to 25% from 20% for those making over $400,000.</p>\n<p><img src=\"https://static.tigerbbs.com/bbbc385843fc580c2c16183403ee34be\" tg-width=\"700\" tg-height=\"292\" referrerpolicy=\"no-referrer\"></p>\n<p>Lerner says when the historical impact of tax policy on market returns and economic growth is examined, there isn't a consistent relationship. For example, in the high-tax 1950s, there were the best stock market returns of the past 70 years as well as a robust economic environment; in the low-tax 2000s, there was the bursting of the technology bubble as well as the global financial crisis.</p>\n<p>\"We are not suggesting that taxes don't matter. Instead, our works shows that taxes are only one of many factors that influence market returns. Moreover, the business cycle tends to overwhelm tax policy,\" he says, estimating a 5% drag on corporate earnings from tax proposals.</p>\n<p>What does look attractive, he says, is relative valuation. The equity risk premium, a metric that compares the valuation of stocks to bonds, remains at a level that has historically corresponded with stocks outperforming bonds on a 12-month basis, he says.</p>\n<p><b>The chart</b></p>\n<p><img src=\"https://static.tigerbbs.com/a7ebf8955e6463b888549c9b44013d82\" tg-width=\"700\" tg-height=\"504\" referrerpolicy=\"no-referrer\"></p>\n<p>A study finds that narcissistic chief executives drive fewer, but larger, mergers and acquisitions. But how do you identify narcissism? By studying conference calls, and their use of personal pronouns. \"The higher this ratio of first person personal pronouns to all personal pronouns is, the more likely it is that a CEO will try to engage in dumb outsized acquisitions that will lead to lower shareholder value,\" says Joachim Klement, the Liberum Capital strategist who also maintains his own blog.</p>","source":"lsy1603348471595","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>Investors are in an historically rotten mood. Their three biggest fears are overblown, strategist says.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInvestors are in an historically rotten mood. Their three biggest fears are overblown, strategist says.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-17 21:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/investors-are-in-an-historically-rotten-mood-their-three-biggest-fears-are-overblown-strategist-says-11631875434?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The American Association of Individual Investors has been tracking retail sentiment since 1987, and this week, wow has that mood been rotten. The spread between bullish and bearish sentiment nosedived...</p>\n\n<a href=\"https://www.marketwatch.com/story/investors-are-in-an-historically-rotten-mood-their-three-biggest-fears-are-overblown-strategist-says-11631875434?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ISBC":"投资者银行",".IXIC":"NASDAQ Composite","IVZ":"美国景顺集团","PFE":"辉瑞",".SPX":"S&P 500 Index","EGRNF":"China Evergrande Group","03333":"中国恒大","BNTX":"BioNTech SE","STT":"道富银行","BLK":"贝莱德",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/investors-are-in-an-historically-rotten-mood-their-three-biggest-fears-are-overblown-strategist-says-11631875434?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2168612522","content_text":"The American Association of Individual Investors has been tracking retail sentiment since 1987, and this week, wow has that mood been rotten. The spread between bullish and bearish sentiment nosedived to -17%, from positive 12% just a week earlier. That's the lowest read since October 2020, and the biggest one-week drop since August 2019.\nThe good news is that quick downturns in investor pessimism are usually unfounded. Buying last October, ahead of the U.S. election, would have netted a cool 33% gain in the S&P 500 . Buying the blues of August 2019 would've left an investor up 17% a year later.\nIn a note to clients, Truist Advisory Services chief market strategist Keith Lerner takes on three of the biggest concerns that investors have -- and why he's bullish anyway.\n\nThe first is the idea of peak economic growth being reached. Lerner says the evidence favors the idea that the delta strain of coronavirus deferred rather than capped growth. \"We now expect roughly 6.2% U.S. economic growth for this year and a healthy 4.5% pace next year, which would still be about double the pre-pandemic trend,\" he says. The Citi U.S. Economic Surprise Index has fallen so much that it's now at an area where it tends to rise again.\nThe next issue is the likely taper of bond purchases by the Federal Reserve. Lerner notes it's well-telegraphed, that in any event the Fed will still be buying bonds next year, and that the economy is in a much stronger position than it was during the 2013 taper.\nThe third issue is the tax hikes, for corporations and investors, being considered by Congress. Lerner says the consensus is that the corporate tax rate will be raised to 25% from 21%, and capital-gains taxes will be increased to 25% from 20% for those making over $400,000.\n\nLerner says when the historical impact of tax policy on market returns and economic growth is examined, there isn't a consistent relationship. For example, in the high-tax 1950s, there were the best stock market returns of the past 70 years as well as a robust economic environment; in the low-tax 2000s, there was the bursting of the technology bubble as well as the global financial crisis.\n\"We are not suggesting that taxes don't matter. Instead, our works shows that taxes are only one of many factors that influence market returns. Moreover, the business cycle tends to overwhelm tax policy,\" he says, estimating a 5% drag on corporate earnings from tax proposals.\nWhat does look attractive, he says, is relative valuation. The equity risk premium, a metric that compares the valuation of stocks to bonds, remains at a level that has historically corresponded with stocks outperforming bonds on a 12-month basis, he says.\nThe chart\n\nA study finds that narcissistic chief executives drive fewer, but larger, mergers and acquisitions. But how do you identify narcissism? By studying conference calls, and their use of personal pronouns. \"The higher this ratio of first person personal pronouns to all personal pronouns is, the more likely it is that a CEO will try to engage in dumb outsized acquisitions that will lead to lower shareholder value,\" says Joachim Klement, the Liberum Capital strategist who also maintains his own blog.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":887113208,"gmtCreate":1632006777604,"gmtModify":1676530683669,"author":{"id":"4093209226810830","authorId":"4093209226810830","name":"maranbala20","avatar":"https://static.tigerbbs.com/2668930537220789fb12586244a86743","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"4093209226810830","authorIdStr":"4093209226810830"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/887113208","repostId":2168612522,"repostType":4,"repost":{"id":"2168612522","kind":"highlight","pubTimestamp":1631886386,"share":"https://ttm.financial/m/news/2168612522?lang=&edition=fundamental","pubTime":"2021-09-17 21:46","market":"us","language":"en","title":"Investors are in an historically rotten mood. Their three biggest fears are overblown, strategist says.","url":"https://stock-news.laohu8.com/highlight/detail?id=2168612522","media":"MarketWatch","summary":"The American Association of Individual Investors has been tracking retail sentiment since 1987, and ","content":"<p>The American Association of Individual Investors has been tracking retail sentiment since 1987, and this week, wow has that mood been rotten. The spread between bullish and bearish sentiment nosedived to -17%, from positive 12% just a week earlier. That's the lowest read since October 2020, and the biggest one-week drop since August 2019.</p>\n<p>The good news is that quick downturns in investor pessimism are usually unfounded. Buying last October, ahead of the U.S. election, would have netted a cool 33% gain in the S&amp;P 500 . Buying the blues of August 2019 would've left an investor up 17% a year later.</p>\n<p>In a note to clients, Truist Advisory Services chief market strategist Keith Lerner takes on three of the biggest concerns that investors have -- and why he's bullish anyway.</p>\n<p><img src=\"https://static.tigerbbs.com/a4b9f4f3671025b5a422133198067a25\" tg-width=\"700\" tg-height=\"308\" referrerpolicy=\"no-referrer\"></p>\n<p>The first is the idea of peak economic growth being reached. Lerner says the evidence favors the idea that the delta strain of coronavirus deferred rather than capped growth. \"We now expect roughly 6.2% U.S. economic growth for this year and a healthy 4.5% pace next year, which would still be about double the pre-pandemic trend,\" he says. The Citi U.S. Economic Surprise Index has fallen so much that it's now at an area where it tends to rise again.</p>\n<p>The next issue is the likely taper of bond purchases by the Federal Reserve. Lerner notes it's well-telegraphed, that in any event the Fed will still be buying bonds next year, and that the economy is in a much stronger position than it was during the 2013 taper.</p>\n<p>The third issue is the tax hikes, for corporations and investors, being considered by Congress. Lerner says the consensus is that the corporate tax rate will be raised to 25% from 21%, and capital-gains taxes will be increased to 25% from 20% for those making over $400,000.</p>\n<p><img src=\"https://static.tigerbbs.com/bbbc385843fc580c2c16183403ee34be\" tg-width=\"700\" tg-height=\"292\" referrerpolicy=\"no-referrer\"></p>\n<p>Lerner says when the historical impact of tax policy on market returns and economic growth is examined, there isn't a consistent relationship. For example, in the high-tax 1950s, there were the best stock market returns of the past 70 years as well as a robust economic environment; in the low-tax 2000s, there was the bursting of the technology bubble as well as the global financial crisis.</p>\n<p>\"We are not suggesting that taxes don't matter. Instead, our works shows that taxes are only one of many factors that influence market returns. Moreover, the business cycle tends to overwhelm tax policy,\" he says, estimating a 5% drag on corporate earnings from tax proposals.</p>\n<p>What does look attractive, he says, is relative valuation. The equity risk premium, a metric that compares the valuation of stocks to bonds, remains at a level that has historically corresponded with stocks outperforming bonds on a 12-month basis, he says.</p>\n<p><b>The chart</b></p>\n<p><img src=\"https://static.tigerbbs.com/a7ebf8955e6463b888549c9b44013d82\" tg-width=\"700\" tg-height=\"504\" referrerpolicy=\"no-referrer\"></p>\n<p>A study finds that narcissistic chief executives drive fewer, but larger, mergers and acquisitions. But how do you identify narcissism? By studying conference calls, and their use of personal pronouns. \"The higher this ratio of first person personal pronouns to all personal pronouns is, the more likely it is that a CEO will try to engage in dumb outsized acquisitions that will lead to lower shareholder value,\" says Joachim Klement, the Liberum Capital strategist who also maintains his own blog.</p>","source":"lsy1603348471595","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>Investors are in an historically rotten mood. Their three biggest fears are overblown, strategist says.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInvestors are in an historically rotten mood. Their three biggest fears are overblown, strategist says.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-17 21:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/investors-are-in-an-historically-rotten-mood-their-three-biggest-fears-are-overblown-strategist-says-11631875434?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The American Association of Individual Investors has been tracking retail sentiment since 1987, and this week, wow has that mood been rotten. The spread between bullish and bearish sentiment nosedived...</p>\n\n<a href=\"https://www.marketwatch.com/story/investors-are-in-an-historically-rotten-mood-their-three-biggest-fears-are-overblown-strategist-says-11631875434?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ISBC":"投资者银行",".IXIC":"NASDAQ Composite","IVZ":"美国景顺集团","PFE":"辉瑞",".SPX":"S&P 500 Index","EGRNF":"China Evergrande Group","03333":"中国恒大","BNTX":"BioNTech SE","STT":"道富银行","BLK":"贝莱德",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/investors-are-in-an-historically-rotten-mood-their-three-biggest-fears-are-overblown-strategist-says-11631875434?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2168612522","content_text":"The American Association of Individual Investors has been tracking retail sentiment since 1987, and this week, wow has that mood been rotten. The spread between bullish and bearish sentiment nosedived to -17%, from positive 12% just a week earlier. That's the lowest read since October 2020, and the biggest one-week drop since August 2019.\nThe good news is that quick downturns in investor pessimism are usually unfounded. Buying last October, ahead of the U.S. election, would have netted a cool 33% gain in the S&P 500 . Buying the blues of August 2019 would've left an investor up 17% a year later.\nIn a note to clients, Truist Advisory Services chief market strategist Keith Lerner takes on three of the biggest concerns that investors have -- and why he's bullish anyway.\n\nThe first is the idea of peak economic growth being reached. Lerner says the evidence favors the idea that the delta strain of coronavirus deferred rather than capped growth. \"We now expect roughly 6.2% U.S. economic growth for this year and a healthy 4.5% pace next year, which would still be about double the pre-pandemic trend,\" he says. The Citi U.S. Economic Surprise Index has fallen so much that it's now at an area where it tends to rise again.\nThe next issue is the likely taper of bond purchases by the Federal Reserve. Lerner notes it's well-telegraphed, that in any event the Fed will still be buying bonds next year, and that the economy is in a much stronger position than it was during the 2013 taper.\nThe third issue is the tax hikes, for corporations and investors, being considered by Congress. Lerner says the consensus is that the corporate tax rate will be raised to 25% from 21%, and capital-gains taxes will be increased to 25% from 20% for those making over $400,000.\n\nLerner says when the historical impact of tax policy on market returns and economic growth is examined, there isn't a consistent relationship. For example, in the high-tax 1950s, there were the best stock market returns of the past 70 years as well as a robust economic environment; in the low-tax 2000s, there was the bursting of the technology bubble as well as the global financial crisis.\n\"We are not suggesting that taxes don't matter. Instead, our works shows that taxes are only one of many factors that influence market returns. Moreover, the business cycle tends to overwhelm tax policy,\" he says, estimating a 5% drag on corporate earnings from tax proposals.\nWhat does look attractive, he says, is relative valuation. The equity risk premium, a metric that compares the valuation of stocks to bonds, remains at a level that has historically corresponded with stocks outperforming bonds on a 12-month basis, he says.\nThe chart\n\nA study finds that narcissistic chief executives drive fewer, but larger, mergers and acquisitions. But how do you identify narcissism? By studying conference calls, and their use of personal pronouns. \"The higher this ratio of first person personal pronouns to all personal pronouns is, the more likely it is that a CEO will try to engage in dumb outsized acquisitions that will lead to lower shareholder value,\" says Joachim Klement, the Liberum Capital strategist who also maintains his own blog.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":887057148,"gmtCreate":1631948920684,"gmtModify":1676530676633,"author":{"id":"3579882572140125","authorId":"3579882572140125","name":"JoelLee","avatar":"https://static.tigerbbs.com/e1f6c92b13d94cba61906c07dbbb2ab6","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":1,"crmLevelSwitch":1,"idStr":"3579882572140125","authorIdStr":"3579882572140125"},"htmlText":"Reply and comment pls thx","listText":"Reply and comment pls thx","text":"Reply and comment pls thx","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/887057148","repostId":2168612522,"repostType":4,"repost":{"id":"2168612522","kind":"highlight","pubTimestamp":1631886386,"share":"https://ttm.financial/m/news/2168612522?lang=&edition=fundamental","pubTime":"2021-09-17 21:46","market":"us","language":"en","title":"Investors are in an historically rotten mood. Their three biggest fears are overblown, strategist says.","url":"https://stock-news.laohu8.com/highlight/detail?id=2168612522","media":"MarketWatch","summary":"The American Association of Individual Investors has been tracking retail sentiment since 1987, and ","content":"<p>The American Association of Individual Investors has been tracking retail sentiment since 1987, and this week, wow has that mood been rotten. The spread between bullish and bearish sentiment nosedived to -17%, from positive 12% just a week earlier. That's the lowest read since October 2020, and the biggest one-week drop since August 2019.</p>\n<p>The good news is that quick downturns in investor pessimism are usually unfounded. Buying last October, ahead of the U.S. election, would have netted a cool 33% gain in the S&amp;P 500 . Buying the blues of August 2019 would've left an investor up 17% a year later.</p>\n<p>In a note to clients, Truist Advisory Services chief market strategist Keith Lerner takes on three of the biggest concerns that investors have -- and why he's bullish anyway.</p>\n<p><img src=\"https://static.tigerbbs.com/a4b9f4f3671025b5a422133198067a25\" tg-width=\"700\" tg-height=\"308\" referrerpolicy=\"no-referrer\"></p>\n<p>The first is the idea of peak economic growth being reached. Lerner says the evidence favors the idea that the delta strain of coronavirus deferred rather than capped growth. \"We now expect roughly 6.2% U.S. economic growth for this year and a healthy 4.5% pace next year, which would still be about double the pre-pandemic trend,\" he says. The Citi U.S. Economic Surprise Index has fallen so much that it's now at an area where it tends to rise again.</p>\n<p>The next issue is the likely taper of bond purchases by the Federal Reserve. Lerner notes it's well-telegraphed, that in any event the Fed will still be buying bonds next year, and that the economy is in a much stronger position than it was during the 2013 taper.</p>\n<p>The third issue is the tax hikes, for corporations and investors, being considered by Congress. Lerner says the consensus is that the corporate tax rate will be raised to 25% from 21%, and capital-gains taxes will be increased to 25% from 20% for those making over $400,000.</p>\n<p><img src=\"https://static.tigerbbs.com/bbbc385843fc580c2c16183403ee34be\" tg-width=\"700\" tg-height=\"292\" referrerpolicy=\"no-referrer\"></p>\n<p>Lerner says when the historical impact of tax policy on market returns and economic growth is examined, there isn't a consistent relationship. For example, in the high-tax 1950s, there were the best stock market returns of the past 70 years as well as a robust economic environment; in the low-tax 2000s, there was the bursting of the technology bubble as well as the global financial crisis.</p>\n<p>\"We are not suggesting that taxes don't matter. Instead, our works shows that taxes are only one of many factors that influence market returns. Moreover, the business cycle tends to overwhelm tax policy,\" he says, estimating a 5% drag on corporate earnings from tax proposals.</p>\n<p>What does look attractive, he says, is relative valuation. The equity risk premium, a metric that compares the valuation of stocks to bonds, remains at a level that has historically corresponded with stocks outperforming bonds on a 12-month basis, he says.</p>\n<p><b>The chart</b></p>\n<p><img src=\"https://static.tigerbbs.com/a7ebf8955e6463b888549c9b44013d82\" tg-width=\"700\" tg-height=\"504\" referrerpolicy=\"no-referrer\"></p>\n<p>A study finds that narcissistic chief executives drive fewer, but larger, mergers and acquisitions. But how do you identify narcissism? By studying conference calls, and their use of personal pronouns. \"The higher this ratio of first person personal pronouns to all personal pronouns is, the more likely it is that a CEO will try to engage in dumb outsized acquisitions that will lead to lower shareholder value,\" says Joachim Klement, the Liberum Capital strategist who also maintains his own blog.</p>","source":"lsy1603348471595","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>Investors are in an historically rotten mood. Their three biggest fears are overblown, strategist says.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInvestors are in an historically rotten mood. Their three biggest fears are overblown, strategist says.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-17 21:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/investors-are-in-an-historically-rotten-mood-their-three-biggest-fears-are-overblown-strategist-says-11631875434?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The American Association of Individual Investors has been tracking retail sentiment since 1987, and this week, wow has that mood been rotten. The spread between bullish and bearish sentiment nosedived...</p>\n\n<a href=\"https://www.marketwatch.com/story/investors-are-in-an-historically-rotten-mood-their-three-biggest-fears-are-overblown-strategist-says-11631875434?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ISBC":"投资者银行",".IXIC":"NASDAQ Composite","IVZ":"美国景顺集团","PFE":"辉瑞",".SPX":"S&P 500 Index","EGRNF":"China Evergrande Group","03333":"中国恒大","BNTX":"BioNTech SE","STT":"道富银行","BLK":"贝莱德",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/investors-are-in-an-historically-rotten-mood-their-three-biggest-fears-are-overblown-strategist-says-11631875434?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2168612522","content_text":"The American Association of Individual Investors has been tracking retail sentiment since 1987, and this week, wow has that mood been rotten. The spread between bullish and bearish sentiment nosedived to -17%, from positive 12% just a week earlier. That's the lowest read since October 2020, and the biggest one-week drop since August 2019.\nThe good news is that quick downturns in investor pessimism are usually unfounded. Buying last October, ahead of the U.S. election, would have netted a cool 33% gain in the S&P 500 . Buying the blues of August 2019 would've left an investor up 17% a year later.\nIn a note to clients, Truist Advisory Services chief market strategist Keith Lerner takes on three of the biggest concerns that investors have -- and why he's bullish anyway.\n\nThe first is the idea of peak economic growth being reached. Lerner says the evidence favors the idea that the delta strain of coronavirus deferred rather than capped growth. \"We now expect roughly 6.2% U.S. economic growth for this year and a healthy 4.5% pace next year, which would still be about double the pre-pandemic trend,\" he says. The Citi U.S. Economic Surprise Index has fallen so much that it's now at an area where it tends to rise again.\nThe next issue is the likely taper of bond purchases by the Federal Reserve. Lerner notes it's well-telegraphed, that in any event the Fed will still be buying bonds next year, and that the economy is in a much stronger position than it was during the 2013 taper.\nThe third issue is the tax hikes, for corporations and investors, being considered by Congress. Lerner says the consensus is that the corporate tax rate will be raised to 25% from 21%, and capital-gains taxes will be increased to 25% from 20% for those making over $400,000.\n\nLerner says when the historical impact of tax policy on market returns and economic growth is examined, there isn't a consistent relationship. For example, in the high-tax 1950s, there were the best stock market returns of the past 70 years as well as a robust economic environment; in the low-tax 2000s, there was the bursting of the technology bubble as well as the global financial crisis.\n\"We are not suggesting that taxes don't matter. Instead, our works shows that taxes are only one of many factors that influence market returns. Moreover, the business cycle tends to overwhelm tax policy,\" he says, estimating a 5% drag on corporate earnings from tax proposals.\nWhat does look attractive, he says, is relative valuation. The equity risk premium, a metric that compares the valuation of stocks to bonds, remains at a level that has historically corresponded with stocks outperforming bonds on a 12-month basis, he says.\nThe chart\n\nA study finds that narcissistic chief executives drive fewer, but larger, mergers and acquisitions. But how do you identify narcissism? By studying conference calls, and their use of personal pronouns. \"The higher this ratio of first person personal pronouns to all personal pronouns is, the more likely it is that a CEO will try to engage in dumb outsized acquisitions that will lead to lower shareholder value,\" says Joachim Klement, the Liberum Capital strategist who also maintains his own blog.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":5926506,"gmtCreate":1632093785761,"gmtModify":1663234124326,"authorId":3567307840510045,"author":{"id":3567307840510045,"idStr":"3567307840510045","authorId":3567307840510045,"name":"JeremyKok","avatar":"https://static.tigerbbs.com/01b03a485f83b6b2615fad8ac9b87bf4","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":887057148,"type":1,"supId":0,"prevId":0,"content":"hi. please like and comment back. thank you.","text":"hi. please like and comment back. thank you.","html":"hi. please like and comment back. thank you."},{"id":5913216,"gmtCreate":1631954799859,"gmtModify":1663234070944,"authorId":3585127942017480,"author":{"id":3585127942017480,"idStr":"3585127942017480","authorId":3585127942017480,"name":"YZhaha","avatar":"https://static.tigerbbs.com/08cee1db756241b9381616d4ba879bb1","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.10.04","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":887057148,"type":1,"supId":0,"prevId":0,"content":"comment","text":"comment","html":"comment"}],"langContent":"EN"},{"id":884714917,"gmtCreate":1631933409239,"gmtModify":1676530672989,"author":{"id":"3555065151273039","authorId":"3555065151273039","name":"Jackytan","avatar":"https://community-static.tradeup.com/news/6b0314202f797581d3e8716a67f721e6","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":6,"crmLevelSwitch":1,"idStr":"3555065151273039","authorIdStr":"3555065151273039"},"htmlText":"But why are they in such a rotten mood? This article suggests what they're worrying about is&nbsp;nothing to worry about.&nbsp;","listText":"But why are they in such a rotten mood? This article suggests what they're worrying about is&nbsp;nothing to worry about.&nbsp;","text":"But why are they in such a rotten mood? This article suggests what they're worrying about is nothing to worry about.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/884714917","repostId":2168612522,"repostType":4,"repost":{"id":"2168612522","kind":"highlight","pubTimestamp":1631886386,"share":"https://ttm.financial/m/news/2168612522?lang=&edition=fundamental","pubTime":"2021-09-17 21:46","market":"us","language":"en","title":"Investors are in an historically rotten mood. Their three biggest fears are overblown, strategist says.","url":"https://stock-news.laohu8.com/highlight/detail?id=2168612522","media":"MarketWatch","summary":"The American Association of Individual Investors has been tracking retail sentiment since 1987, and ","content":"<p>The American Association of Individual Investors has been tracking retail sentiment since 1987, and this week, wow has that mood been rotten. The spread between bullish and bearish sentiment nosedived to -17%, from positive 12% just a week earlier. That's the lowest read since October 2020, and the biggest one-week drop since August 2019.</p>\n<p>The good news is that quick downturns in investor pessimism are usually unfounded. Buying last October, ahead of the U.S. election, would have netted a cool 33% gain in the S&amp;P 500 . Buying the blues of August 2019 would've left an investor up 17% a year later.</p>\n<p>In a note to clients, Truist Advisory Services chief market strategist Keith Lerner takes on three of the biggest concerns that investors have -- and why he's bullish anyway.</p>\n<p><img src=\"https://static.tigerbbs.com/a4b9f4f3671025b5a422133198067a25\" tg-width=\"700\" tg-height=\"308\" referrerpolicy=\"no-referrer\"></p>\n<p>The first is the idea of peak economic growth being reached. Lerner says the evidence favors the idea that the delta strain of coronavirus deferred rather than capped growth. \"We now expect roughly 6.2% U.S. economic growth for this year and a healthy 4.5% pace next year, which would still be about double the pre-pandemic trend,\" he says. The Citi U.S. Economic Surprise Index has fallen so much that it's now at an area where it tends to rise again.</p>\n<p>The next issue is the likely taper of bond purchases by the Federal Reserve. Lerner notes it's well-telegraphed, that in any event the Fed will still be buying bonds next year, and that the economy is in a much stronger position than it was during the 2013 taper.</p>\n<p>The third issue is the tax hikes, for corporations and investors, being considered by Congress. Lerner says the consensus is that the corporate tax rate will be raised to 25% from 21%, and capital-gains taxes will be increased to 25% from 20% for those making over $400,000.</p>\n<p><img src=\"https://static.tigerbbs.com/bbbc385843fc580c2c16183403ee34be\" tg-width=\"700\" tg-height=\"292\" referrerpolicy=\"no-referrer\"></p>\n<p>Lerner says when the historical impact of tax policy on market returns and economic growth is examined, there isn't a consistent relationship. For example, in the high-tax 1950s, there were the best stock market returns of the past 70 years as well as a robust economic environment; in the low-tax 2000s, there was the bursting of the technology bubble as well as the global financial crisis.</p>\n<p>\"We are not suggesting that taxes don't matter. Instead, our works shows that taxes are only one of many factors that influence market returns. Moreover, the business cycle tends to overwhelm tax policy,\" he says, estimating a 5% drag on corporate earnings from tax proposals.</p>\n<p>What does look attractive, he says, is relative valuation. The equity risk premium, a metric that compares the valuation of stocks to bonds, remains at a level that has historically corresponded with stocks outperforming bonds on a 12-month basis, he says.</p>\n<p><b>The chart</b></p>\n<p><img src=\"https://static.tigerbbs.com/a7ebf8955e6463b888549c9b44013d82\" tg-width=\"700\" tg-height=\"504\" referrerpolicy=\"no-referrer\"></p>\n<p>A study finds that narcissistic chief executives drive fewer, but larger, mergers and acquisitions. But how do you identify narcissism? By studying conference calls, and their use of personal pronouns. \"The higher this ratio of first person personal pronouns to all personal pronouns is, the more likely it is that a CEO will try to engage in dumb outsized acquisitions that will lead to lower shareholder value,\" says Joachim Klement, the Liberum Capital strategist who also maintains his own blog.</p>","source":"lsy1603348471595","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>Investors are in an historically rotten mood. Their three biggest fears are overblown, strategist says.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInvestors are in an historically rotten mood. Their three biggest fears are overblown, strategist says.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-17 21:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/investors-are-in-an-historically-rotten-mood-their-three-biggest-fears-are-overblown-strategist-says-11631875434?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The American Association of Individual Investors has been tracking retail sentiment since 1987, and this week, wow has that mood been rotten. The spread between bullish and bearish sentiment nosedived...</p>\n\n<a href=\"https://www.marketwatch.com/story/investors-are-in-an-historically-rotten-mood-their-three-biggest-fears-are-overblown-strategist-says-11631875434?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ISBC":"投资者银行",".IXIC":"NASDAQ Composite","IVZ":"美国景顺集团","PFE":"辉瑞",".SPX":"S&P 500 Index","EGRNF":"China Evergrande Group","03333":"中国恒大","BNTX":"BioNTech SE","STT":"道富银行","BLK":"贝莱德",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/investors-are-in-an-historically-rotten-mood-their-three-biggest-fears-are-overblown-strategist-says-11631875434?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2168612522","content_text":"The American Association of Individual Investors has been tracking retail sentiment since 1987, and this week, wow has that mood been rotten. The spread between bullish and bearish sentiment nosedived to -17%, from positive 12% just a week earlier. That's the lowest read since October 2020, and the biggest one-week drop since August 2019.\nThe good news is that quick downturns in investor pessimism are usually unfounded. Buying last October, ahead of the U.S. election, would have netted a cool 33% gain in the S&P 500 . Buying the blues of August 2019 would've left an investor up 17% a year later.\nIn a note to clients, Truist Advisory Services chief market strategist Keith Lerner takes on three of the biggest concerns that investors have -- and why he's bullish anyway.\n\nThe first is the idea of peak economic growth being reached. Lerner says the evidence favors the idea that the delta strain of coronavirus deferred rather than capped growth. \"We now expect roughly 6.2% U.S. economic growth for this year and a healthy 4.5% pace next year, which would still be about double the pre-pandemic trend,\" he says. The Citi U.S. Economic Surprise Index has fallen so much that it's now at an area where it tends to rise again.\nThe next issue is the likely taper of bond purchases by the Federal Reserve. Lerner notes it's well-telegraphed, that in any event the Fed will still be buying bonds next year, and that the economy is in a much stronger position than it was during the 2013 taper.\nThe third issue is the tax hikes, for corporations and investors, being considered by Congress. Lerner says the consensus is that the corporate tax rate will be raised to 25% from 21%, and capital-gains taxes will be increased to 25% from 20% for those making over $400,000.\n\nLerner says when the historical impact of tax policy on market returns and economic growth is examined, there isn't a consistent relationship. For example, in the high-tax 1950s, there were the best stock market returns of the past 70 years as well as a robust economic environment; in the low-tax 2000s, there was the bursting of the technology bubble as well as the global financial crisis.\n\"We are not suggesting that taxes don't matter. Instead, our works shows that taxes are only one of many factors that influence market returns. Moreover, the business cycle tends to overwhelm tax policy,\" he says, estimating a 5% drag on corporate earnings from tax proposals.\nWhat does look attractive, he says, is relative valuation. The equity risk premium, a metric that compares the valuation of stocks to bonds, remains at a level that has historically corresponded with stocks outperforming bonds on a 12-month basis, he says.\nThe chart\n\nA study finds that narcissistic chief executives drive fewer, but larger, mergers and acquisitions. But how do you identify narcissism? By studying conference calls, and their use of personal pronouns. \"The higher this ratio of first person personal pronouns to all personal pronouns is, the more likely it is that a CEO will try to engage in dumb outsized acquisitions that will lead to lower shareholder value,\" says Joachim Klement, the Liberum Capital strategist who also maintains his own blog.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":271,"commentSize":23,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2168612522"}