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2021-06-30

$Powerbridge Technologies Co., Ltd.(PBTS)$this is a monster everyone!!! Target $9!

2021-07-06

Not sure if most Chinese stocks in US exchange will be affected

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2020-12-29

$Histogenics(OCGN)$Another move higher

2021-07-14

Bond is crashing down

Futures extend gains as Powell says economy 'a ways off' from bond taper

2021-07-14

Inflation should be here already

Stocks open higher as Powell says the Fed will not yet alter easy policy

2021-07-06

$Auddia Inc.(AUUD)$another potential breakout buy

2021-07-07

$Sequential(SQBG)$continual day. Another big move !

2021-07-06

$Zscaler Inc.(ZS)$first target $240. Next lev $280. Buy breaking out of the high with huge volume. Look out for this !! :)

2021-07-24

Moderna still have time to grow if pandemic continues

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2021-07-06

Wow another big IPO

Nextdoor to go public via $4.3 bln merger with Khosla-backed blank-check firm

2021-07-06

$Taiwan Semiconductor Manufacturing(TSM)$watch this closely. Over $121, long to target $135, next target $140. If over this $140, to the sky!

2021-07-26

$Auddia Inc.(AUUD)$another up

2021-07-24

$Snap Inc(SNAP)$Will earn more. Target is 35% profit in this

2021-07-14

Commodities coming up

Compass Minerals shares rises 17% in early trading

2021-07-13

$Exela Technologies, Inc.(XELA)$Oh my god! It’s unbelievable

2021-07-06

$Tesla Motors(TSLA)$ready for breakout $700. Long

2021-07-08

$Exela Technologies, Inc.(XELA)$going crazy

2021-07-06

$Snap Inc(SNAP)$over $70, long . Super base, forming handle. Target $90.

2021-05-27

It’s the future

Cathie Wood’s Bad Spring Is Only a Blip When the Future Is So Magnificent

2020-12-29

$AeroCentury(ACY)$This trade suspended for so many times!

Go to Tiger App to see more news

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days&nbsp;","text":"AAPL is strong and have another chance to break out together if the QQQ & SPY is growingstronger these few days","images":[{"img":"https://static.tigerbbs.com/51a4d2777b99f046d047e1211b1fcfa1","width":"1125","height":"3569"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/174149017","isVote":1,"tweetType":1,"viewCount":309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":174157969,"gmtCreate":1627087662751,"gmtModify":1703483937719,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558143787814290","idStr":"3558143787814290"},"themes":[],"htmlText":"Moderna still have time to grow if pandemic continues&nbsp;","listText":"Moderna still have time to grow if pandemic continues&nbsp;","text":"Moderna still have time to grow if pandemic continues","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/174157969","repostId":"2153989989","repostType":4,"isVote":1,"tweetType":1,"viewCount":602,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":174154011,"gmtCreate":1627087620333,"gmtModify":1703483936399,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558143787814290","idStr":"3558143787814290"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SNAP\">$Snap Inc(SNAP)$</a>Will earn more. Target is 35% profit in this&nbsp;","listText":"<a href=\"https://laohu8.com/S/SNAP\">$Snap Inc(SNAP)$</a>Will earn more. Target is 35% profit in this&nbsp;","text":"$Snap Inc(SNAP)$Will earn more. Target is 35% profit in this","images":[{"img":"https://static.tigerbbs.com/ef3ad02418e9c022271fac5ef677f1f8","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/174154011","isVote":1,"tweetType":1,"viewCount":815,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":178518818,"gmtCreate":1626827201834,"gmtModify":1703765870710,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558143787814290","idStr":"3558143787814290"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/5UF.SI\">$MAXI-CASH FIN SVCS CORP LTD(5UF.SI)$</a>potential breakout. 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Look out for big volume","images":[{"img":"https://static.tigerbbs.com/130346e68f7dc009c4b30f216772c6dc","width":"1125","height":"2369"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/178518818","isVote":1,"tweetType":1,"viewCount":454,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":144136453,"gmtCreate":1626271150972,"gmtModify":1703756799048,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558143787814290","idStr":"3558143787814290"},"themes":[],"htmlText":"Bond is crashing down","listText":"Bond is crashing down","text":"Bond is crashing down","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/144136453","repostId":"1122514991","repostType":4,"repost":{"id":"1122514991","kind":"news","pubTimestamp":1626266805,"share":"https://ttm.financial/m/news/1122514991?lang=&edition=fundamental","pubTime":"2021-07-14 20:46","market":"us","language":"en","title":"Futures extend gains as Powell says economy 'a ways off' from bond taper","url":"https://stock-news.laohu8.com/highlight/detail?id=1122514991","media":"Reuters","summary":"July 14 (Reuters) - U.S. stock index futures extended gains on Wednesday after Federal Reserve Chair","content":"<p>July 14 (Reuters) - U.S. stock index futures extended gains on Wednesday after Federal Reserve Chair Jerome Powell said the U.S. job market “is still a ways off” from the progress the central bank wants to see before reducing its support for the economy.</p>\n<p>At 8:36 a.m. ET, Dow e-minis were up 49 points, or 0.14%, S&amp;P 500 e-minis were up 12.75 points, or 0.29%, and Nasdaq 100 e-minis were up 94.5 points, or 0.64%.</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>Futures extend gains as Powell says economy 'a ways off' from bond taper</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\">\nFutures extend gains as Powell says economy 'a ways off' from bond taper\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-14 20:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/usa-stocks/us-stocks-snapshot-futures-extend-gains-as-powell-says-economy-a-ways-off-from-bond-taper-idUSL4N2OQ33W><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>July 14 (Reuters) - U.S. stock index futures extended gains on Wednesday after Federal Reserve Chair Jerome Powell said the U.S. job market “is still a ways off” from the progress the central bank ...</p>\n\n<a href=\"https://www.reuters.com/article/usa-stocks/us-stocks-snapshot-futures-extend-gains-as-powell-says-economy-a-ways-off-from-bond-taper-idUSL4N2OQ33W\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.reuters.com/article/usa-stocks/us-stocks-snapshot-futures-extend-gains-as-powell-says-economy-a-ways-off-from-bond-taper-idUSL4N2OQ33W","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122514991","content_text":"July 14 (Reuters) - U.S. stock index futures extended gains on Wednesday after Federal Reserve Chair Jerome Powell said the U.S. job market “is still a ways off” from the progress the central bank wants to see before reducing its support for the economy.\nAt 8:36 a.m. ET, Dow e-minis were up 49 points, or 0.14%, S&P 500 e-minis were up 12.75 points, or 0.29%, and Nasdaq 100 e-minis were up 94.5 points, or 0.64%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":485,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144131560,"gmtCreate":1626271095150,"gmtModify":1703756796058,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558143787814290","idStr":"3558143787814290"},"themes":[],"htmlText":"Hopefully Powell is helping the stock market&nbsp;","listText":"Hopefully Powell is helping the stock market&nbsp;","text":"Hopefully Powell is helping the stock market","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144131560","repostId":"1107733003","repostType":4,"repost":{"id":"1107733003","kind":"news","pubTimestamp":1626267541,"share":"https://ttm.financial/m/news/1107733003?lang=&edition=fundamental","pubTime":"2021-07-14 20:59","market":"us","language":"en","title":"Powell Says Achieving ‘Substantial Further Progress’ a Ways Off","url":"https://stock-news.laohu8.com/highlight/detail?id=1107733003","media":"Bloomberg","summary":" -- Federal Reserve Chair Jerome Powell said the U.S. economic recovery still hasn’t progressed enough to begin scaling back the central bank’s massive monthly asset purchases, while adding that inflation is likely to remain high in coming months before moderating.“At our June meeting, the committee discussed the economy’s progress toward our goals since we adopted our asset purchase guidance last December,” Powell said Wednesday in remarks prepared for delivery before the House Financial Servic","content":"<p>(Bloomberg) -- Federal Reserve Chair Jerome Powell said the U.S. economic recovery still hasn’t progressed enough to begin scaling back the central bank’s massive monthly asset purchases, while adding that inflation is likely to remain high in coming months before moderating.</p>\n<p>“At our June meeting, the committee discussed the economy’s progress toward our goals since we adopted our asset purchase guidance last December,” Powell said Wednesday in remarks prepared for delivery before the House Financial Services Committee. “While reaching the standard of ‘substantial further progress’ is still a ways off, participants expect that progress will continue.”</p>\n<p>The hearing to present the Fed’s semi-annual Monetary Policy Report to Congress is scheduled to begin at 12 p.m. Washington time. Powell addresses the Senate banking panel on Thursday.</p>\n<p>U.S. central bankers are providing aggressive support by holding interest rates near zero and buying $120 billion of bonds a month, even as the economy shows strong growth. Job gains have been solid and inflation has jumped, though officials say that’s due to temporary supply glitches as the economy reopens from the pandemic.</p>\n<p>Ten-year Treasuries held earlier gains with yields around 1.37% following the release of Powell’s remarks. U.S. stock futures were higher and the dollar softened.</p>\n<p>Critics say that ultra-easy monetary policy alongside massive government spending is overheating the economy. Government data released on Tuesday showed prices paid by U.S. consumers surged in June by the most since 2008 and were up 5.4% from the same month last year.</p>\n<p>‘Strong Demand’</p>\n<p>“Strong demand in sectors where production bottlenecks or other supply constraints have limited production has led to especially rapid price increases for some goods and services, which should partially reverse as the effects of the bottlenecks unwind,” Powell said. “Prices for services that were hard hit by the pandemic have also jumped in recent months as demand for these services has surged with the reopening of the economy.”</p>\n<p>Powell noted that asset prices and risk appetite have risen while downplaying any near-term risks to the economy from financial markets.</p>\n<p>“Household balance sheets are, on average, quite strong, business leverage has been declining from high levels, and the institutions at the core of the financial system remain resilient,” he said.</p>\n<p>Powell’s remarks before Congress this week are his last semi-annual testimony before President Joe Biden decides whether to give him another four years at the Fed helm or pick someone else. Powell’s tenure as chair expires in February.</p>\n<p>The Fed’s policy patience is part of a new framework it announced nearly a year ago that pledged to achieve an average of 2% inflation over time and not pre-judge the level of maximum employment. Fed officials in June started a conversation about when to begin scaling back their asset purchases.</p>\n<p>Forecasts released by Fed officials last month also showed them pulling the timing of interest rate liftoff forward, with two increases penciled in for 2023, a move that pushed some market measures of inflation expectations lower.</p>\n<p>“Measures of longer-term inflation expectations have moved up from their pandemic lows and are in a range that is broadly consistent with the FOMC’s longer-run inflation goal,” Powell said, referring to the rate-setting Federal Open Market Committee.</p>\n<p>Fed officials last month signaled their view of risk and uncertainty around inflation had risen, according to their forecasts.</p>\n<p>Powell emphasized in his prepared remarks that the labor market recovery was still far from complete.</p>\n<p>“Conditions in the labor market have continued to improve, but there is still a long way to go,” “Powell said. “Job gains should be strong in coming months as public health conditions continue to improve and as some of the other pandemic-related factors currently weighing them down diminish.”</p>\n<p>He added that despite “substantial improvements” for racial and ethnic groups, “the hardest-hit groups still have the most ground left to regain.”</p>\n<p>The U.S. economy added 850,000 jobs in June, the biggest monthly increase since August. Still, broader measures of labor-market slack indicate it is still short of the Fed’s mandate of maximum employment. The jobless rate for Black workers stood at 9.2% compared to 6% in February 2020.</p>\n<p>The overall unemployment rate has fallen to 5.9% from a pandemic peak of 14.8% with high rates of churn in industries facing strong demand such as retail and hospitality. Prior to the pandemic, the unemployment rate stood at 3.5% in February 2020 while the 12-month change in inflation was 1.8%, according to the Fed’s preferred measure, the personal consumption expenditures price index.</p>","source":"lsy1612507957220","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>Powell Says Achieving ‘Substantial Further Progress’ a Ways Off</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\">\nPowell Says Achieving ‘Substantial Further Progress’ a Ways Off\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-14 20:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/powell-says-achieving-substantial-further-124307446.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Federal Reserve Chair Jerome Powell said the U.S. economic recovery still hasn’t progressed enough to begin scaling back the central bank’s massive monthly asset purchases, while adding...</p>\n\n<a href=\"https://finance.yahoo.com/news/powell-says-achieving-substantial-further-124307446.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index"},"source_url":"https://finance.yahoo.com/news/powell-says-achieving-substantial-further-124307446.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107733003","content_text":"(Bloomberg) -- Federal Reserve Chair Jerome Powell said the U.S. economic recovery still hasn’t progressed enough to begin scaling back the central bank’s massive monthly asset purchases, while adding that inflation is likely to remain high in coming months before moderating.\n“At our June meeting, the committee discussed the economy’s progress toward our goals since we adopted our asset purchase guidance last December,” Powell said Wednesday in remarks prepared for delivery before the House Financial Services Committee. “While reaching the standard of ‘substantial further progress’ is still a ways off, participants expect that progress will continue.”\nThe hearing to present the Fed’s semi-annual Monetary Policy Report to Congress is scheduled to begin at 12 p.m. Washington time. Powell addresses the Senate banking panel on Thursday.\nU.S. central bankers are providing aggressive support by holding interest rates near zero and buying $120 billion of bonds a month, even as the economy shows strong growth. Job gains have been solid and inflation has jumped, though officials say that’s due to temporary supply glitches as the economy reopens from the pandemic.\nTen-year Treasuries held earlier gains with yields around 1.37% following the release of Powell’s remarks. U.S. stock futures were higher and the dollar softened.\nCritics say that ultra-easy monetary policy alongside massive government spending is overheating the economy. Government data released on Tuesday showed prices paid by U.S. consumers surged in June by the most since 2008 and were up 5.4% from the same month last year.\n‘Strong Demand’\n“Strong demand in sectors where production bottlenecks or other supply constraints have limited production has led to especially rapid price increases for some goods and services, which should partially reverse as the effects of the bottlenecks unwind,” Powell said. “Prices for services that were hard hit by the pandemic have also jumped in recent months as demand for these services has surged with the reopening of the economy.”\nPowell noted that asset prices and risk appetite have risen while downplaying any near-term risks to the economy from financial markets.\n“Household balance sheets are, on average, quite strong, business leverage has been declining from high levels, and the institutions at the core of the financial system remain resilient,” he said.\nPowell’s remarks before Congress this week are his last semi-annual testimony before President Joe Biden decides whether to give him another four years at the Fed helm or pick someone else. Powell’s tenure as chair expires in February.\nThe Fed’s policy patience is part of a new framework it announced nearly a year ago that pledged to achieve an average of 2% inflation over time and not pre-judge the level of maximum employment. Fed officials in June started a conversation about when to begin scaling back their asset purchases.\nForecasts released by Fed officials last month also showed them pulling the timing of interest rate liftoff forward, with two increases penciled in for 2023, a move that pushed some market measures of inflation expectations lower.\n“Measures of longer-term inflation expectations have moved up from their pandemic lows and are in a range that is broadly consistent with the FOMC’s longer-run inflation goal,” Powell said, referring to the rate-setting Federal Open Market Committee.\nFed officials last month signaled their view of risk and uncertainty around inflation had risen, according to their forecasts.\nPowell emphasized in his prepared remarks that the labor market recovery was still far from complete.\n“Conditions in the labor market have continued to improve, but there is still a long way to go,” “Powell said. “Job gains should be strong in coming months as public health conditions continue to improve and as some of the other pandemic-related factors currently weighing them down diminish.”\nHe added that despite “substantial improvements” for racial and ethnic groups, “the hardest-hit groups still have the most ground left to regain.”\nThe U.S. economy added 850,000 jobs in June, the biggest monthly increase since August. Still, broader measures of labor-market slack indicate it is still short of the Fed’s mandate of maximum employment. The jobless rate for Black workers stood at 9.2% compared to 6% in February 2020.\nThe overall unemployment rate has fallen to 5.9% from a pandemic peak of 14.8% with high rates of churn in industries facing strong demand such as retail and hospitality. Prior to the pandemic, the unemployment rate stood at 3.5% in February 2020 while the 12-month change in inflation was 1.8%, according to the Fed’s preferred measure, the personal consumption expenditures price index.","news_type":1},"isVote":1,"tweetType":1,"viewCount":688,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144133799,"gmtCreate":1626271057211,"gmtModify":1703756795074,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558143787814290","idStr":"3558143787814290"},"themes":[],"htmlText":"Go go APPL !","listText":"Go go APPL !","text":"Go go APPL !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144133799","repostId":"1130085793","repostType":4,"repost":{"id":"1130085793","kind":"news","pubTimestamp":1626268245,"share":"https://ttm.financial/m/news/1130085793?lang=&edition=fundamental","pubTime":"2021-07-14 21:10","market":"us","language":"en","title":"Apple says it has deployed $1 billion from $2.5 billion California housing fund","url":"https://stock-news.laohu8.com/highlight/detail?id=1130085793","media":"Reuters","summary":"(Reuters) - Apple Inc on Wednesday said it had committed more than $1 billion out of a $2.5 billion ","content":"<p>(Reuters) - Apple Inc on Wednesday said it had committed more than $1 billion out of a $2.5 billion fund aimed at addressing California's affordable housing crisis.</p>\n<p>Apple, whose Northern California home has one of highest housing costs the United States, created the fund in 2019, saying that $1 billion would go toward a state-run affordable housing investment fund, another $1 billion toward first-time home buyer assistance and the remainder toward programs aimed at building new affordable housing and nonprofit groups in the San Francisco Bay Area.</p>\n<p>Apple said Wednesday that the funding has supported the creation of affordable housing in 25 of California's 58 counties, including rural counties such as Amador.</p>\n<p>Apple did not disclose specific figures but said that it had provided mortgage and down payment assistance to \"thousands\" of low- and moderate-income first-time home purchasers through the California Housing Finance Authority, up from several hundred a year before.</p>\n<p>Apple said that nearly two-thirds of borrowers identify as Hispanic, Black, Asian, Pacific Islander, or American Indian. About 10 percent of borrowers were also benefits for teachers, military veterans or firefighters, Apple said.</p>","source":"lsy1612507957220","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>Apple says it has deployed $1 billion from $2.5 billion California housing fund</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\">\nApple says it has deployed $1 billion from $2.5 billion California housing fund\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-14 21:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/apple-says-deployed-1-billion-130308775.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Apple Inc on Wednesday said it had committed more than $1 billion out of a $2.5 billion fund aimed at addressing California's affordable housing crisis.\nApple, whose Northern California ...</p>\n\n<a href=\"https://finance.yahoo.com/news/apple-says-deployed-1-billion-130308775.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://finance.yahoo.com/news/apple-says-deployed-1-billion-130308775.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130085793","content_text":"(Reuters) - Apple Inc on Wednesday said it had committed more than $1 billion out of a $2.5 billion fund aimed at addressing California's affordable housing crisis.\nApple, whose Northern California home has one of highest housing costs the United States, created the fund in 2019, saying that $1 billion would go toward a state-run affordable housing investment fund, another $1 billion toward first-time home buyer assistance and the remainder toward programs aimed at building new affordable housing and nonprofit groups in the San Francisco Bay Area.\nApple said Wednesday that the funding has supported the creation of affordable housing in 25 of California's 58 counties, including rural counties such as Amador.\nApple did not disclose specific figures but said that it had provided mortgage and down payment assistance to \"thousands\" of low- and moderate-income first-time home purchasers through the California Housing Finance Authority, up from several hundred a year before.\nApple said that nearly two-thirds of borrowers identify as Hispanic, Black, Asian, Pacific Islander, or American Indian. About 10 percent of borrowers were also benefits for teachers, military veterans or firefighters, Apple said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":561,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144133393,"gmtCreate":1626271040012,"gmtModify":1703756794250,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558143787814290","idStr":"3558143787814290"},"themes":[],"htmlText":"SQ price is not up. Waiting to buy&nbsp;","listText":"SQ price is not up. Waiting to buy&nbsp;","text":"SQ price is not up. Waiting to buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/144133393","repostId":"2151511477","repostType":4,"repost":{"id":"2151511477","kind":"news","pubTimestamp":1626268801,"share":"https://ttm.financial/m/news/2151511477?lang=&edition=fundamental","pubTime":"2021-07-14 21:20","market":"us","language":"en","title":"Square to Launch Compact iPad POS Terminal","url":"https://stock-news.laohu8.com/highlight/detail?id=2151511477","media":"SmarterAnalyst","summary":"Square (SQ) is working on building an iPad payment terminal that will enable shoppers to access tap-","content":"<p>Square (<b>SQ</b>) is working on building an iPad payment terminal that will enable shoppers to access tap-to-pay more effortlessly, as reported by&nbsp;<i>Bloomberg</i>. It is not known when the upgraded device will be available to retailers, as there was no comment from Square on this report.</p>\n<p>The new point-of-sale terminal enhances the existing Square Stand model by incorporating tap-to-pay technology. Currently, the Square Stand runs on a magnetic strip reader, but needs a separate device to accept phone or credit card payments. The updated version of the Square Stand makes the payment process more seamless. (See&nbsp;Square stock chart&nbsp;on TipRanks)</p>\n<p>Per&nbsp;<i>Bloomberg</i>, iOS developer Steve Moser discovered that files inside Square’s iPhone and iPad compatible app reveal the blueprint of a device redesigned to fit an iPad and a tap-to-pay sensor together. Moreover, a few codes alongside the drawings also suggest the presence of a built-in card chip reader in the terminal.</p>\n<p>Moser also found codes of Square’s unannounced plans for business checking and savings accounts, which it had revealed earlier.</p>\n<p>Recently, D.A. Davidson analyst&nbsp;Chris Brendler&nbsp;reiterated a Buy rating on the stock with a price target of $275, implying a 13.9% upside potential to current levels.</p>\n<p>Brendler expects revenues for Square’s Seller app for businesses to outpace consensus estimates in the second quarter of 2021. While analysts predict that payment volume on the app will rise 64% year over year, that would actually be a drop from the growth rate in the first quarter, Brendler pointed out.</p>\n<p>Consensus among analysts is a Moderate Buy based on 17 Buys, 5 Holds, and 1 Sell. The&nbsp;average Square price target&nbsp;of $284.9 implies 18% upside potential to current levels.</p>\n<p><img src=\"https://s.yimg.com/uu/api/res/1.2/XVEBcs.InD9Oq6kV31VXdg--/cT03NTthcHBpZD15dmlkZW9mZWVkczs-/https://media.zenfs.com/en/smarteranalyst_347/8d022c269085f9f6b1e7204deb71af5b\" tg-width=\"1024\" tg-height=\"448\" referrerpolicy=\"no-referrer\"></p>","source":"yahoofinance","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>Square to Launch Compact iPad POS Terminal</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\">\nSquare to Launch Compact iPad POS Terminal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-14 21:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/square-launch-compact-ipad-pos-123501694.html><strong>SmarterAnalyst</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Square (SQ) is working on building an iPad payment terminal that will enable shoppers to access tap-to-pay more effortlessly, as reported by Bloomberg. It is not known when the upgraded device will be...</p>\n\n<a href=\"https://finance.yahoo.com/news/square-launch-compact-ipad-pos-123501694.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SQ":"Block"},"source_url":"https://finance.yahoo.com/news/square-launch-compact-ipad-pos-123501694.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2151511477","content_text":"Square (SQ) is working on building an iPad payment terminal that will enable shoppers to access tap-to-pay more effortlessly, as reported by Bloomberg. It is not known when the upgraded device will be available to retailers, as there was no comment from Square on this report.\nThe new point-of-sale terminal enhances the existing Square Stand model by incorporating tap-to-pay technology. Currently, the Square Stand runs on a magnetic strip reader, but needs a separate device to accept phone or credit card payments. The updated version of the Square Stand makes the payment process more seamless. (See Square stock chart on TipRanks)\nPer Bloomberg, iOS developer Steve Moser discovered that files inside Square’s iPhone and iPad compatible app reveal the blueprint of a device redesigned to fit an iPad and a tap-to-pay sensor together. Moreover, a few codes alongside the drawings also suggest the presence of a built-in card chip reader in the terminal.\nMoser also found codes of Square’s unannounced plans for business checking and savings accounts, which it had revealed earlier.\nRecently, D.A. Davidson analyst Chris Brendler reiterated a Buy rating on the stock with a price target of $275, implying a 13.9% upside potential to current levels.\nBrendler expects revenues for Square’s Seller app for businesses to outpace consensus estimates in the second quarter of 2021. While analysts predict that payment volume on the app will rise 64% year over year, that would actually be a drop from the growth rate in the first quarter, Brendler pointed out.\nConsensus among analysts is a Moderate Buy based on 17 Buys, 5 Holds, and 1 Sell. The average Square price target of $284.9 implies 18% upside potential to current levels.","news_type":1},"isVote":1,"tweetType":1,"viewCount":622,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144139150,"gmtCreate":1626271006970,"gmtModify":1703756792926,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558143787814290","idStr":"3558143787814290"},"themes":[],"htmlText":"Nothing we could do","listText":"Nothing we could do","text":"Nothing we could do","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144139150","repostId":"1199661558","repostType":4,"repost":{"id":"1199661558","kind":"news","pubTimestamp":1626269221,"share":"https://ttm.financial/m/news/1199661558?lang=&edition=fundamental","pubTime":"2021-07-14 21:27","market":"us","language":"en","title":"BlackRock's CEO is concerned about inflation. But here's why he still sees stocks going higher","url":"https://stock-news.laohu8.com/highlight/detail?id=1199661558","media":"CNBC","summary":"BlackRock co-founder and CEO Larry Fink believes the long-term trend for the U.S. stock market remai","content":"<div>\n<p>BlackRock co-founder and CEO Larry Fink believes the long-term trend for the U.S. stock market remains strong, even after a robust rally over the past year since the coronavirus-driven plunge.\n“I’m ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/14/blackrocks-larry-fink-concerned-about-inflation-but-still-sees-stocks-going-higher.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BlackRock's CEO is concerned about inflation. But here's why he still sees stocks going higher</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\">\nBlackRock's CEO is concerned about inflation. But here's why he still sees stocks going higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-14 21:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/14/blackrocks-larry-fink-concerned-about-inflation-but-still-sees-stocks-going-higher.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BlackRock co-founder and CEO Larry Fink believes the long-term trend for the U.S. stock market remains strong, even after a robust rally over the past year since the coronavirus-driven plunge.\n“I’m ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/14/blackrocks-larry-fink-concerned-about-inflation-but-still-sees-stocks-going-higher.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.cnbc.com/2021/07/14/blackrocks-larry-fink-concerned-about-inflation-but-still-sees-stocks-going-higher.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1199661558","content_text":"BlackRock co-founder and CEO Larry Fink believes the long-term trend for the U.S. stock market remains strong, even after a robust rally over the past year since the coronavirus-driven plunge.\n“I’m not trying to suggest that it’s going to be a straight-line upward and there could be disappointments going forward. But overall, with the amount of fiscal stimulus and monetary stimulus, and more importantly with the amount of cash that is looking to be put to work, I believe the trend line is still going to be upward,” Fink said in an interview on CNBC’s“Squawk Box”on Wednesday.\nFink, who also serves as chairman of the world’s largest asset manager, said it’s possible the market’s move higher is “maybe not as fast” as some would like to be in the second half of 2021.\n“Maybe it’s going to be very moderate for the next six months as we digest how the world is able to handle the delta variant and the speed in which vaccinations occur throughout the world,” Fink said, referring to the highly transmissible coronavirus strain that’s concerning public-health officials. “And then two, what is going to be inflation out six months and a year?”\nInflation and its impact on the economy and markets is a major topic at the moment, as U.S. economic activity picks up speed following pandemic-related slowdowns and disruptions.\nWhile Federal Reserve ChairmanJerome Powell and other central bank officials have maintained their expectation that higher-than-normal inflation will be temporary and tied largely to Covid reopening, Fink has a different view.\n“I worry about inflation. I do not believe inflation is going to be transitory,” Fink said. Instead, he said he thinks “it’s going to be more systematic over time.” He added, “How the Federal Reserve and how other central banks navigate that is going to be very important.”\nInflation in the U.S.largely came in belowthe central bank’s target of 2% in the years following the 2008 financial crisis. It’s been above that in recent data readings, including Tuesday’s consumer price index report for the month of June. Shortly after Fink spoke to CNBC, June’s producer price index came in above expectations, rising 1% month over month compared with estimates of a 0.6% gain.Year over year, headline PPI soared 7.3%and the core rate jumped 5.6%.\nFink said his prediction for hotter inflation is rooted in reasons greater than just pandemic-related supply chain bottlenecks, although the latter factor is important right now. “I believe it’s a fundamental, foundational change in how we navigate economic policy,” he said.\n“I think post-World War II our economic policy was based on consumerism. We always believed that the cheapest products for Americans was the best way that more Americans can have more things. I would say in the last five years, we’ve navigated away from that foundational belief and now we’re saying jobs are more important than consumerism,” Fink said.\nThere’s been a greater emphasis on making supply chains less geographically concentrated, Fink said. That includes efforts to relocate manufacturing to the U.S. after decades off them moving offshore.\n“That is going to probably lead to systematically more inflation,” Fink said.\nFink, who has become one of Wall Street’s loudest voices on taking action to fight climate change, also said the shift toward renewable energy away from fossil fuels is something to watch.\n“If we don’t focus on the demand curve in our energy transition, but only focus on supply, we are going to see rising energy prices. I raise the question, what does that mean if we have $100 oil or $120 oil [per barrel.] That’s going to be inflationary too,” Fink said.\nSome on Wall Street have predicted oil rising to $100 per barrel during the current energy cycle.\n“I’m firmly believing that we are going to see wage increases and all that, so all this spells to me that we’re going to have 3.5% inflation or more over the coming year,” Fink added.\nSome, such as the famed Wharton School finance professor Jeremy Siegel, contended higher inflation isnot a problem for the stock market. Siegel emphasized his view in a CNBC interview Tuesday, saying “I’m not selling my stocks” despite believing the Fed is wrong on inflation.\nThe potential impact on the stock market remains to be seen, Fink said.\n“If we’re able to pass on the prices and it doesn’t change the margin, or we’re able to create better productivity, which we’ve done over the past 20 odd years, then inflation is good for equities,” Fink said. “If the inflation is going to be absorbed in the margins without productivity then we’re going to see a flattening or declining margins. That is going to be the pivotal question related to equities.”\nFink’s comments Wednesday came after BlackRock reported better-than-expected earnings and revenue for its 2021 second quarter. Assets under managements also grew 30% year over year to $9.5 trillion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":585,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144130521,"gmtCreate":1626270989963,"gmtModify":1703756792110,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558143787814290","idStr":"3558143787814290"},"themes":[],"htmlText":"Inflation should be here already&nbsp;","listText":"Inflation should be here already&nbsp;","text":"Inflation should be here already","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/144130521","repostId":"1158673076","repostType":4,"repost":{"id":"1158673076","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1626269478,"share":"https://ttm.financial/m/news/1158673076?lang=&edition=fundamental","pubTime":"2021-07-14 21:31","market":"us","language":"en","title":"Stocks open higher as Powell says the Fed will not yet alter easy policy","url":"https://stock-news.laohu8.com/highlight/detail?id=1158673076","media":"Tiger Newspress","summary":"U.S. stock indexes rose Wednesday after Federal Reserve Chairman Jerome Powell said in prepared rema","content":"<p>U.S. stock indexes rose Wednesday after Federal Reserve Chairman Jerome Powell&nbsp;said in prepared remarksthat the central bank will not yet alter its easy policies.</p>\n<p>Investors also assessed a rush of second-quarter earnings results from big banks and other major companies.</p>\n<p>The Dow Jones Industrial Average added around 175 points, or 0.5%.The S&amp;P 500 traded 0.5% higher, near its record. The Nasdaq Composite added 0.65%, boosted by gains in technology shares.</p>\n<p>\"The markets have gotten very accustomed to 'low rates for longer' and Powell's comments today don't necessarily change that,\" Diane Swonk, chief economist at Grant Thorton, said. \"The reality is the Fed has to deal with whatever comes in.\"</p>\n<p>Powell will say in his required semiannual testimony before Congress on Wednesday that the central bank can wait before it starts to ease its bond purchases despite surging inflation readings, according to remarks released before his testimony. In his prepared statement, Powell said he still expects inflation to moderate.</p>\n<p>\"At our June meeting, the Committee discussed the economy's progress toward our goals since we adopted our asset purchase guidance last December. While reaching the standard of 'substantial further progress' is still a ways off, participants expect that progress will continue,\" Powell said in the prepared remarks.</p>\n<p>The central bank chief is set to speak before the House Committee on Financial Services at noon ET. He is scheduled to testify before the Senate on Thursday.</p>\n<p>The yield on the10-year Treasury fell after Powell's remarks, continuing its decline in recent months. Yields fell even as a reading on producer prices from June showed higher than expected inflation. This follows the biggest jump in the consumer price index since 2008,released on Tuesday.</p>\n<p>Second-quarter earnings reporting season continued Wednesday with several companies posting earnings before the bell.</p>\n<p>Bank of America shares fell about 2% in premarket trading afterit reportedsecond-quarter revenue of $21.6 billion, just under the $21.8 billion estimate from Refinitiv. Low interest rates knocked net interest income by 6%, the bank said.</p>\n<p>Blackrock, the largest asset manager in the world,reportedearnings and revenue that topped expectations on Wednesday morning. Shares were down more than 2% in early morning trading.</p>\n<p>Shares of Citigroup and Wells Fargo each ticked higher after both companies posted better-than-expected second-quarter earnings results.</p>\n<p>Delta Air Lines shares gained in the premarket afterreporting its first quarterly profit of $652 million since 2019, boosted by federal aid. The airline also said domestic leisure demand has fully recovered and corporate travel increased in the quarter.</p>\n<p>In total, 23 S&amp;P 500 companies will post quarterly results this week and second-quarter results are supposed to show a sizable comeback from the depths of the pandemic. Profit growth is expected to total 64% year-over-year for the quarter, according to analyst estimates collected by FactSet.</p>\n<p>The S&amp;P 500 is up more than 16% this year and more than 36% in the past 12 months</p>\n<p>American Airlines shares gained roughly 3% in the premarket after thecarrier forecast better revenueand a narrower loss than its previous estimate for the second quarter. The company is set to report quarterly fiscal results on July 22.</p>\n<p>UBS raised its December 2021S&amp;P 500 target to 4,500on Tuesday, up from a prior forecast of 4,400. The call hinges on strong numbers from second-quarter earnings.</p>\n<p>\"We believe the equity bull market remains on solid footing driven by huge consumer cash balances, surging business investment, and a still-accommodative Fed,\" the firm said in a note to clients.</p>\n<p>Meanwhile, Apple shares gained in the premarket.Bloomberg reported&nbsp;Wednesday night that Apple is looking to increase new iPhone production for 2021 by 20%.&nbsp;JPMorgan also added the tech giant to its focus list. The firm raised its price target for Apple and believes the stock can gain 20% in the next 12 months.</p>\n<p>The Dow on Tuesday fell 107 points, or 0.3%, retreating from a record close near 35,000 Monday. The S&amp;P and Nasdaq Composite hit all-time intraday highs on Tuesday before giving back those gains and ultimately closing lower. The S&amp;P 500 dipped 0.35%, while the Nasdaq Composite shed 0.38%, each posting their first negative session in three.</p>\n<p>The decline came after the Labor Department said&nbsp;inflation last month advanced&nbsp;at its fastest pace in nearly 13 years. The consumer price index jumped 5.4% from a year earlier, which was above expectations of a 5% increase, according to economists surveyed by Dow Jones. However, since a significant portion of the overall increase came from a jump in used car prices, some were quick to say the inflation will likely be transitory.</p>\n<p>Amid a down day on Wall Street, the S&amp;P 500 tech sector bucked the negative trend and closed at a fresh all-time high. The 10 other S&amp;P sectors dipped, with real estate leading the losses.</p>\n<p>The hot inflation report overshadowed strong second-quarter earnings reports.JPMorganandGoldman Sachskicked off earnings season on Tuesday, with both banks beating top and bottom line estimates. PepsiCo also topped estimates.</p>\n<p>The major averages are still hovering around their all-time highs, and Wall Street strategists are optimistic about what the second half of 2021 holds as the economy continues to recover from Covid-19.</p>\n<p>\"After a 2020 we will never forget, we look ahead to the second half of 2021, and even into 2022, with optimism for the future,\" said Burt White, LPL managing director and chief investment officer. \"We believe we are early in the economic cycle and the next recession is potentially years away.\"</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>Stocks open higher as Powell says the Fed will not yet alter easy policy</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\">\nStocks open higher as Powell says the Fed will not yet alter easy policy\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-07-14 21:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>U.S. stock indexes rose Wednesday after Federal Reserve Chairman Jerome Powell&nbsp;said in prepared remarksthat the central bank will not yet alter its easy policies.</p>\n<p>Investors also assessed a rush of second-quarter earnings results from big banks and other major companies.</p>\n<p>The Dow Jones Industrial Average added around 175 points, or 0.5%.The S&amp;P 500 traded 0.5% higher, near its record. The Nasdaq Composite added 0.65%, boosted by gains in technology shares.</p>\n<p>\"The markets have gotten very accustomed to 'low rates for longer' and Powell's comments today don't necessarily change that,\" Diane Swonk, chief economist at Grant Thorton, said. \"The reality is the Fed has to deal with whatever comes in.\"</p>\n<p>Powell will say in his required semiannual testimony before Congress on Wednesday that the central bank can wait before it starts to ease its bond purchases despite surging inflation readings, according to remarks released before his testimony. In his prepared statement, Powell said he still expects inflation to moderate.</p>\n<p>\"At our June meeting, the Committee discussed the economy's progress toward our goals since we adopted our asset purchase guidance last December. While reaching the standard of 'substantial further progress' is still a ways off, participants expect that progress will continue,\" Powell said in the prepared remarks.</p>\n<p>The central bank chief is set to speak before the House Committee on Financial Services at noon ET. He is scheduled to testify before the Senate on Thursday.</p>\n<p>The yield on the10-year Treasury fell after Powell's remarks, continuing its decline in recent months. Yields fell even as a reading on producer prices from June showed higher than expected inflation. This follows the biggest jump in the consumer price index since 2008,released on Tuesday.</p>\n<p>Second-quarter earnings reporting season continued Wednesday with several companies posting earnings before the bell.</p>\n<p>Bank of America shares fell about 2% in premarket trading afterit reportedsecond-quarter revenue of $21.6 billion, just under the $21.8 billion estimate from Refinitiv. Low interest rates knocked net interest income by 6%, the bank said.</p>\n<p>Blackrock, the largest asset manager in the world,reportedearnings and revenue that topped expectations on Wednesday morning. Shares were down more than 2% in early morning trading.</p>\n<p>Shares of Citigroup and Wells Fargo each ticked higher after both companies posted better-than-expected second-quarter earnings results.</p>\n<p>Delta Air Lines shares gained in the premarket afterreporting its first quarterly profit of $652 million since 2019, boosted by federal aid. The airline also said domestic leisure demand has fully recovered and corporate travel increased in the quarter.</p>\n<p>In total, 23 S&amp;P 500 companies will post quarterly results this week and second-quarter results are supposed to show a sizable comeback from the depths of the pandemic. Profit growth is expected to total 64% year-over-year for the quarter, according to analyst estimates collected by FactSet.</p>\n<p>The S&amp;P 500 is up more than 16% this year and more than 36% in the past 12 months</p>\n<p>American Airlines shares gained roughly 3% in the premarket after thecarrier forecast better revenueand a narrower loss than its previous estimate for the second quarter. The company is set to report quarterly fiscal results on July 22.</p>\n<p>UBS raised its December 2021S&amp;P 500 target to 4,500on Tuesday, up from a prior forecast of 4,400. The call hinges on strong numbers from second-quarter earnings.</p>\n<p>\"We believe the equity bull market remains on solid footing driven by huge consumer cash balances, surging business investment, and a still-accommodative Fed,\" the firm said in a note to clients.</p>\n<p>Meanwhile, Apple shares gained in the premarket.Bloomberg reported&nbsp;Wednesday night that Apple is looking to increase new iPhone production for 2021 by 20%.&nbsp;JPMorgan also added the tech giant to its focus list. The firm raised its price target for Apple and believes the stock can gain 20% in the next 12 months.</p>\n<p>The Dow on Tuesday fell 107 points, or 0.3%, retreating from a record close near 35,000 Monday. The S&amp;P and Nasdaq Composite hit all-time intraday highs on Tuesday before giving back those gains and ultimately closing lower. The S&amp;P 500 dipped 0.35%, while the Nasdaq Composite shed 0.38%, each posting their first negative session in three.</p>\n<p>The decline came after the Labor Department said&nbsp;inflation last month advanced&nbsp;at its fastest pace in nearly 13 years. The consumer price index jumped 5.4% from a year earlier, which was above expectations of a 5% increase, according to economists surveyed by Dow Jones. However, since a significant portion of the overall increase came from a jump in used car prices, some were quick to say the inflation will likely be transitory.</p>\n<p>Amid a down day on Wall Street, the S&amp;P 500 tech sector bucked the negative trend and closed at a fresh all-time high. The 10 other S&amp;P sectors dipped, with real estate leading the losses.</p>\n<p>The hot inflation report overshadowed strong second-quarter earnings reports.JPMorganandGoldman Sachskicked off earnings season on Tuesday, with both banks beating top and bottom line estimates. PepsiCo also topped estimates.</p>\n<p>The major averages are still hovering around their all-time highs, and Wall Street strategists are optimistic about what the second half of 2021 holds as the economy continues to recover from Covid-19.</p>\n<p>\"After a 2020 we will never forget, we look ahead to the second half of 2021, and even into 2022, with optimism for the future,\" said Burt White, LPL managing director and chief investment officer. \"We believe we are early in the economic cycle and the next recession is potentially years away.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158673076","content_text":"U.S. stock indexes rose Wednesday after Federal Reserve Chairman Jerome Powell said in prepared remarksthat the central bank will not yet alter its easy policies.\nInvestors also assessed a rush of second-quarter earnings results from big banks and other major companies.\nThe Dow Jones Industrial Average added around 175 points, or 0.5%.The S&P 500 traded 0.5% higher, near its record. The Nasdaq Composite added 0.65%, boosted by gains in technology shares.\n\"The markets have gotten very accustomed to 'low rates for longer' and Powell's comments today don't necessarily change that,\" Diane Swonk, chief economist at Grant Thorton, said. \"The reality is the Fed has to deal with whatever comes in.\"\nPowell will say in his required semiannual testimony before Congress on Wednesday that the central bank can wait before it starts to ease its bond purchases despite surging inflation readings, according to remarks released before his testimony. In his prepared statement, Powell said he still expects inflation to moderate.\n\"At our June meeting, the Committee discussed the economy's progress toward our goals since we adopted our asset purchase guidance last December. While reaching the standard of 'substantial further progress' is still a ways off, participants expect that progress will continue,\" Powell said in the prepared remarks.\nThe central bank chief is set to speak before the House Committee on Financial Services at noon ET. He is scheduled to testify before the Senate on Thursday.\nThe yield on the10-year Treasury fell after Powell's remarks, continuing its decline in recent months. Yields fell even as a reading on producer prices from June showed higher than expected inflation. This follows the biggest jump in the consumer price index since 2008,released on Tuesday.\nSecond-quarter earnings reporting season continued Wednesday with several companies posting earnings before the bell.\nBank of America shares fell about 2% in premarket trading afterit reportedsecond-quarter revenue of $21.6 billion, just under the $21.8 billion estimate from Refinitiv. Low interest rates knocked net interest income by 6%, the bank said.\nBlackrock, the largest asset manager in the world,reportedearnings and revenue that topped expectations on Wednesday morning. Shares were down more than 2% in early morning trading.\nShares of Citigroup and Wells Fargo each ticked higher after both companies posted better-than-expected second-quarter earnings results.\nDelta Air Lines shares gained in the premarket afterreporting its first quarterly profit of $652 million since 2019, boosted by federal aid. The airline also said domestic leisure demand has fully recovered and corporate travel increased in the quarter.\nIn total, 23 S&P 500 companies will post quarterly results this week and second-quarter results are supposed to show a sizable comeback from the depths of the pandemic. Profit growth is expected to total 64% year-over-year for the quarter, according to analyst estimates collected by FactSet.\nThe S&P 500 is up more than 16% this year and more than 36% in the past 12 months\nAmerican Airlines shares gained roughly 3% in the premarket after thecarrier forecast better revenueand a narrower loss than its previous estimate for the second quarter. The company is set to report quarterly fiscal results on July 22.\nUBS raised its December 2021S&P 500 target to 4,500on Tuesday, up from a prior forecast of 4,400. The call hinges on strong numbers from second-quarter earnings.\n\"We believe the equity bull market remains on solid footing driven by huge consumer cash balances, surging business investment, and a still-accommodative Fed,\" the firm said in a note to clients.\nMeanwhile, Apple shares gained in the premarket.Bloomberg reported Wednesday night that Apple is looking to increase new iPhone production for 2021 by 20%. JPMorgan also added the tech giant to its focus list. The firm raised its price target for Apple and believes the stock can gain 20% in the next 12 months.\nThe Dow on Tuesday fell 107 points, or 0.3%, retreating from a record close near 35,000 Monday. The S&P and Nasdaq Composite hit all-time intraday highs on Tuesday before giving back those gains and ultimately closing lower. The S&P 500 dipped 0.35%, while the Nasdaq Composite shed 0.38%, each posting their first negative session in three.\nThe decline came after the Labor Department said inflation last month advanced at its fastest pace in nearly 13 years. The consumer price index jumped 5.4% from a year earlier, which was above expectations of a 5% increase, according to economists surveyed by Dow Jones. However, since a significant portion of the overall increase came from a jump in used car prices, some were quick to say the inflation will likely be transitory.\nAmid a down day on Wall Street, the S&P 500 tech sector bucked the negative trend and closed at a fresh all-time high. The 10 other S&P sectors dipped, with real estate leading the losses.\nThe hot inflation report overshadowed strong second-quarter earnings reports.JPMorganandGoldman Sachskicked off earnings season on Tuesday, with both banks beating top and bottom line estimates. PepsiCo also topped estimates.\nThe major averages are still hovering around their all-time highs, and Wall Street strategists are optimistic about what the second half of 2021 holds as the economy continues to recover from Covid-19.\n\"After a 2020 we will never forget, we look ahead to the second half of 2021, and even into 2022, with optimism for the future,\" said Burt White, LPL managing director and chief investment officer. \"We believe we are early in the economic cycle and the next recession is potentially years away.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":281,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144197114,"gmtCreate":1626270965438,"gmtModify":1703756790142,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558143787814290","idStr":"3558143787814290"},"themes":[],"htmlText":"Commodities coming up","listText":"Commodities coming up","text":"Commodities coming up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144197114","repostId":"1156462382","repostType":4,"isVote":1,"tweetType":1,"viewCount":238,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144198999,"gmtCreate":1626270806111,"gmtModify":1703756782907,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558143787814290","idStr":"3558143787814290"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/UPWK\">$Upwork Inc.(UPWK)$</a>Hehe&nbsp;","listText":"<a href=\"https://laohu8.com/S/UPWK\">$Upwork Inc.(UPWK)$</a>Hehe&nbsp;","text":"$Upwork Inc.(UPWK)$Hehe","images":[{"img":"https://static.tigerbbs.com/8be16ad8654cf6d2b6e02f7203608088","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144198999","isVote":1,"tweetType":1,"viewCount":244,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":144191375,"gmtCreate":1626270775397,"gmtModify":1703756781602,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558143787814290","idStr":"3558143787814290"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TEAM\">$Atlassian Corporation PLC(TEAM)$</a>another break up coming . Take note","listText":"<a href=\"https://laohu8.com/S/TEAM\">$Atlassian Corporation PLC(TEAM)$</a>another break up coming . Take note","text":"$Atlassian Corporation PLC(TEAM)$another break up coming . Take note","images":[{"img":"https://static.tigerbbs.com/65b405f744771928e42fa6ed97e5a454","width":"1125","height":"3208"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144191375","isVote":1,"tweetType":1,"viewCount":374,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":145952465,"gmtCreate":1626187292757,"gmtModify":1703755173812,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558143787814290","idStr":"3558143787814290"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XELA\">$Exela Technologies, Inc.(XELA)$</a>Oh my god! It’s unbelievable&nbsp;","listText":"<a href=\"https://laohu8.com/S/XELA\">$Exela Technologies, Inc.(XELA)$</a>Oh my god! It’s unbelievable&nbsp;","text":"$Exela Technologies, Inc.(XELA)$Oh my god! It’s unbelievable","images":[{"img":"https://static.tigerbbs.com/c34ff54ceb33860e4393b993c1738d83","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/145952465","isVote":1,"tweetType":1,"viewCount":119,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":145956683,"gmtCreate":1626187259342,"gmtModify":1703755171695,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558143787814290","idStr":"3558143787814290"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/UPWK\">$Upwork Inc.(UPWK)$</a>come and earn with metogether!","listText":"<a href=\"https://laohu8.com/S/UPWK\">$Upwork Inc.(UPWK)$</a>come and earn with metogether!","text":"$Upwork Inc.(UPWK)$come and earn with metogether!","images":[{"img":"https://static.tigerbbs.com/33ef0011dc48104d02328021c6eb17e6","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/145956683","isVote":1,"tweetType":1,"viewCount":195,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":145951735,"gmtCreate":1626187213727,"gmtModify":1703755169892,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558143787814290","idStr":"3558143787814290"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XELA\">$Exela Technologies, Inc.(XELA)$</a>coming back","listText":"<a href=\"https://laohu8.com/S/XELA\">$Exela Technologies, Inc.(XELA)$</a>coming back","text":"$Exela Technologies, Inc.(XELA)$coming back","images":[{"img":"https://static.tigerbbs.com/d4288b078626105926561c0b67e406b6","width":"1125","height":"3208"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/145951735","isVote":1,"tweetType":1,"viewCount":180,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":145902006,"gmtCreate":1626185023005,"gmtModify":1703755071419,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558143787814290","idStr":"3558143787814290"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/UPWK\">$Upwork Inc.(UPWK)$</a>upcoming breakout&nbsp;","listText":"<a href=\"https://laohu8.com/S/UPWK\">$Upwork Inc.(UPWK)$</a>upcoming breakout&nbsp;","text":"$Upwork Inc.(UPWK)$upcoming breakout","images":[{"img":"https://static.tigerbbs.com/a3441851b8591fbe6a31afcf2abe1786","width":"1125","height":"3468"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/145902006","isVote":1,"tweetType":1,"viewCount":311,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":145908244,"gmtCreate":1626184979888,"gmtModify":1703755069965,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3558143787814290","idStr":"3558143787814290"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/EAST\">$Eastside Distilling, Inc.(EAST)$</a>potential upside","listText":"<a href=\"https://laohu8.com/S/EAST\">$Eastside Distilling, Inc.(EAST)$</a>potential upside","text":"$Eastside Distilling, Inc.(EAST)$potential upside","images":[{"img":"https://static.tigerbbs.com/fce66615e2fb46b84ddcfca9c57cb952","width":"1125","height":"3381"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/145908244","isVote":1,"tweetType":1,"viewCount":623,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":153446619,"gmtCreate":1625045713831,"gmtModify":1703850808838,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558143787814290","authorIdStr":"3558143787814290"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/PBTS\">$Powerbridge Technologies Co., Ltd.(PBTS)$</a>this is a monster everyone!!! Target $9!","listText":"<a href=\"https://laohu8.com/S/PBTS\">$Powerbridge Technologies Co., Ltd.(PBTS)$</a>this is a monster everyone!!! Target $9!","text":"$Powerbridge Technologies Co., Ltd.(PBTS)$this is a monster everyone!!! Target $9!","images":[{"img":"https://static.tigerbbs.com/278df58f3d6ac913797ee64f44f8a78c","width":"1125","height":"3396"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/153446619","isVote":1,"tweetType":1,"viewCount":1021,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":157182350,"gmtCreate":1625572924870,"gmtModify":1703744007796,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558143787814290","authorIdStr":"3558143787814290"},"themes":[],"htmlText":"Not sure if most Chinese stocks in US exchange will be affected&nbsp;","listText":"Not sure if most Chinese stocks in US exchange will be affected&nbsp;","text":"Not sure if most Chinese stocks in US exchange will be affected","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/157182350","repostId":"2149573933","repostType":4,"isVote":1,"tweetType":1,"viewCount":223,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3572697049328629","authorId":"3572697049328629","name":"imsomeonelse","avatar":"https://community-static.tradeup.com/news/9294e9e7f11f190688efe808098fa12b","crmLevel":8,"crmLevelSwitch":0,"idStr":"3572697049328629","authorIdStr":"3572697049328629"},"content":"Already did haha","text":"Already did haha","html":"Already did haha"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":333317930,"gmtCreate":1609172427520,"gmtModify":1704977713753,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558143787814290","authorIdStr":"3558143787814290"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/OCGN\">$Histogenics(OCGN)$</a>Another move higher&nbsp;","listText":"<a href=\"https://laohu8.com/S/OCGN\">$Histogenics(OCGN)$</a>Another move higher&nbsp;","text":"$Histogenics(OCGN)$Another move higher","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/333317930","isVote":1,"tweetType":1,"viewCount":1175,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144136453,"gmtCreate":1626271150972,"gmtModify":1703756799048,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558143787814290","authorIdStr":"3558143787814290"},"themes":[],"htmlText":"Bond is crashing down","listText":"Bond is crashing down","text":"Bond is crashing down","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/144136453","repostId":"1122514991","repostType":4,"repost":{"id":"1122514991","kind":"news","pubTimestamp":1626266805,"share":"https://ttm.financial/m/news/1122514991?lang=&edition=fundamental","pubTime":"2021-07-14 20:46","market":"us","language":"en","title":"Futures extend gains as Powell says economy 'a ways off' from bond taper","url":"https://stock-news.laohu8.com/highlight/detail?id=1122514991","media":"Reuters","summary":"July 14 (Reuters) - U.S. stock index futures extended gains on Wednesday after Federal Reserve Chair","content":"<p>July 14 (Reuters) - U.S. stock index futures extended gains on Wednesday after Federal Reserve Chair Jerome Powell said the U.S. job market “is still a ways off” from the progress the central bank wants to see before reducing its support for the economy.</p>\n<p>At 8:36 a.m. ET, Dow e-minis were up 49 points, or 0.14%, S&amp;P 500 e-minis were up 12.75 points, or 0.29%, and Nasdaq 100 e-minis were up 94.5 points, or 0.64%.</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>Futures extend gains as Powell says economy 'a ways off' from bond taper</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; 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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\">\nFutures extend gains as Powell says economy 'a ways off' from bond taper\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-14 20:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/usa-stocks/us-stocks-snapshot-futures-extend-gains-as-powell-says-economy-a-ways-off-from-bond-taper-idUSL4N2OQ33W><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>July 14 (Reuters) - U.S. stock index futures extended gains on Wednesday after Federal Reserve Chair Jerome Powell said the U.S. job market “is still a ways off” from the progress the central bank ...</p>\n\n<a href=\"https://www.reuters.com/article/usa-stocks/us-stocks-snapshot-futures-extend-gains-as-powell-says-economy-a-ways-off-from-bond-taper-idUSL4N2OQ33W\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.reuters.com/article/usa-stocks/us-stocks-snapshot-futures-extend-gains-as-powell-says-economy-a-ways-off-from-bond-taper-idUSL4N2OQ33W","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122514991","content_text":"July 14 (Reuters) - U.S. stock index futures extended gains on Wednesday after Federal Reserve Chair Jerome Powell said the U.S. job market “is still a ways off” from the progress the central bank wants to see before reducing its support for the economy.\nAt 8:36 a.m. ET, Dow e-minis were up 49 points, or 0.14%, S&P 500 e-minis were up 12.75 points, or 0.29%, and Nasdaq 100 e-minis were up 94.5 points, or 0.64%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":485,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144130521,"gmtCreate":1626270989963,"gmtModify":1703756792110,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558143787814290","authorIdStr":"3558143787814290"},"themes":[],"htmlText":"Inflation should be here already&nbsp;","listText":"Inflation should be here already&nbsp;","text":"Inflation should be here already","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/144130521","repostId":"1158673076","repostType":4,"repost":{"id":"1158673076","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1626269478,"share":"https://ttm.financial/m/news/1158673076?lang=&edition=fundamental","pubTime":"2021-07-14 21:31","market":"us","language":"en","title":"Stocks open higher as Powell says the Fed will not yet alter easy policy","url":"https://stock-news.laohu8.com/highlight/detail?id=1158673076","media":"Tiger Newspress","summary":"U.S. stock indexes rose Wednesday after Federal Reserve Chairman Jerome Powell said in prepared rema","content":"<p>U.S. stock indexes rose Wednesday after Federal Reserve Chairman Jerome Powell&nbsp;said in prepared remarksthat the central bank will not yet alter its easy policies.</p>\n<p>Investors also assessed a rush of second-quarter earnings results from big banks and other major companies.</p>\n<p>The Dow Jones Industrial Average added around 175 points, or 0.5%.The S&amp;P 500 traded 0.5% higher, near its record. The Nasdaq Composite added 0.65%, boosted by gains in technology shares.</p>\n<p>\"The markets have gotten very accustomed to 'low rates for longer' and Powell's comments today don't necessarily change that,\" Diane Swonk, chief economist at Grant Thorton, said. \"The reality is the Fed has to deal with whatever comes in.\"</p>\n<p>Powell will say in his required semiannual testimony before Congress on Wednesday that the central bank can wait before it starts to ease its bond purchases despite surging inflation readings, according to remarks released before his testimony. In his prepared statement, Powell said he still expects inflation to moderate.</p>\n<p>\"At our June meeting, the Committee discussed the economy's progress toward our goals since we adopted our asset purchase guidance last December. While reaching the standard of 'substantial further progress' is still a ways off, participants expect that progress will continue,\" Powell said in the prepared remarks.</p>\n<p>The central bank chief is set to speak before the House Committee on Financial Services at noon ET. He is scheduled to testify before the Senate on Thursday.</p>\n<p>The yield on the10-year Treasury fell after Powell's remarks, continuing its decline in recent months. Yields fell even as a reading on producer prices from June showed higher than expected inflation. This follows the biggest jump in the consumer price index since 2008,released on Tuesday.</p>\n<p>Second-quarter earnings reporting season continued Wednesday with several companies posting earnings before the bell.</p>\n<p>Bank of America shares fell about 2% in premarket trading afterit reportedsecond-quarter revenue of $21.6 billion, just under the $21.8 billion estimate from Refinitiv. Low interest rates knocked net interest income by 6%, the bank said.</p>\n<p>Blackrock, the largest asset manager in the world,reportedearnings and revenue that topped expectations on Wednesday morning. Shares were down more than 2% in early morning trading.</p>\n<p>Shares of Citigroup and Wells Fargo each ticked higher after both companies posted better-than-expected second-quarter earnings results.</p>\n<p>Delta Air Lines shares gained in the premarket afterreporting its first quarterly profit of $652 million since 2019, boosted by federal aid. The airline also said domestic leisure demand has fully recovered and corporate travel increased in the quarter.</p>\n<p>In total, 23 S&amp;P 500 companies will post quarterly results this week and second-quarter results are supposed to show a sizable comeback from the depths of the pandemic. Profit growth is expected to total 64% year-over-year for the quarter, according to analyst estimates collected by FactSet.</p>\n<p>The S&amp;P 500 is up more than 16% this year and more than 36% in the past 12 months</p>\n<p>American Airlines shares gained roughly 3% in the premarket after thecarrier forecast better revenueand a narrower loss than its previous estimate for the second quarter. The company is set to report quarterly fiscal results on July 22.</p>\n<p>UBS raised its December 2021S&amp;P 500 target to 4,500on Tuesday, up from a prior forecast of 4,400. The call hinges on strong numbers from second-quarter earnings.</p>\n<p>\"We believe the equity bull market remains on solid footing driven by huge consumer cash balances, surging business investment, and a still-accommodative Fed,\" the firm said in a note to clients.</p>\n<p>Meanwhile, Apple shares gained in the premarket.Bloomberg reported&nbsp;Wednesday night that Apple is looking to increase new iPhone production for 2021 by 20%.&nbsp;JPMorgan also added the tech giant to its focus list. The firm raised its price target for Apple and believes the stock can gain 20% in the next 12 months.</p>\n<p>The Dow on Tuesday fell 107 points, or 0.3%, retreating from a record close near 35,000 Monday. The S&amp;P and Nasdaq Composite hit all-time intraday highs on Tuesday before giving back those gains and ultimately closing lower. The S&amp;P 500 dipped 0.35%, while the Nasdaq Composite shed 0.38%, each posting their first negative session in three.</p>\n<p>The decline came after the Labor Department said&nbsp;inflation last month advanced&nbsp;at its fastest pace in nearly 13 years. The consumer price index jumped 5.4% from a year earlier, which was above expectations of a 5% increase, according to economists surveyed by Dow Jones. However, since a significant portion of the overall increase came from a jump in used car prices, some were quick to say the inflation will likely be transitory.</p>\n<p>Amid a down day on Wall Street, the S&amp;P 500 tech sector bucked the negative trend and closed at a fresh all-time high. The 10 other S&amp;P sectors dipped, with real estate leading the losses.</p>\n<p>The hot inflation report overshadowed strong second-quarter earnings reports.JPMorganandGoldman Sachskicked off earnings season on Tuesday, with both banks beating top and bottom line estimates. PepsiCo also topped estimates.</p>\n<p>The major averages are still hovering around their all-time highs, and Wall Street strategists are optimistic about what the second half of 2021 holds as the economy continues to recover from Covid-19.</p>\n<p>\"After a 2020 we will never forget, we look ahead to the second half of 2021, and even into 2022, with optimism for the future,\" said Burt White, LPL managing director and chief investment officer. \"We believe we are early in the economic cycle and the next recession is potentially years away.\"</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>Stocks open higher as Powell says the Fed will not yet alter easy policy</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\">\nStocks open higher as Powell says the Fed will not yet alter easy policy\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-07-14 21:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>U.S. stock indexes rose Wednesday after Federal Reserve Chairman Jerome Powell&nbsp;said in prepared remarksthat the central bank will not yet alter its easy policies.</p>\n<p>Investors also assessed a rush of second-quarter earnings results from big banks and other major companies.</p>\n<p>The Dow Jones Industrial Average added around 175 points, or 0.5%.The S&amp;P 500 traded 0.5% higher, near its record. The Nasdaq Composite added 0.65%, boosted by gains in technology shares.</p>\n<p>\"The markets have gotten very accustomed to 'low rates for longer' and Powell's comments today don't necessarily change that,\" Diane Swonk, chief economist at Grant Thorton, said. \"The reality is the Fed has to deal with whatever comes in.\"</p>\n<p>Powell will say in his required semiannual testimony before Congress on Wednesday that the central bank can wait before it starts to ease its bond purchases despite surging inflation readings, according to remarks released before his testimony. In his prepared statement, Powell said he still expects inflation to moderate.</p>\n<p>\"At our June meeting, the Committee discussed the economy's progress toward our goals since we adopted our asset purchase guidance last December. While reaching the standard of 'substantial further progress' is still a ways off, participants expect that progress will continue,\" Powell said in the prepared remarks.</p>\n<p>The central bank chief is set to speak before the House Committee on Financial Services at noon ET. He is scheduled to testify before the Senate on Thursday.</p>\n<p>The yield on the10-year Treasury fell after Powell's remarks, continuing its decline in recent months. Yields fell even as a reading on producer prices from June showed higher than expected inflation. This follows the biggest jump in the consumer price index since 2008,released on Tuesday.</p>\n<p>Second-quarter earnings reporting season continued Wednesday with several companies posting earnings before the bell.</p>\n<p>Bank of America shares fell about 2% in premarket trading afterit reportedsecond-quarter revenue of $21.6 billion, just under the $21.8 billion estimate from Refinitiv. Low interest rates knocked net interest income by 6%, the bank said.</p>\n<p>Blackrock, the largest asset manager in the world,reportedearnings and revenue that topped expectations on Wednesday morning. Shares were down more than 2% in early morning trading.</p>\n<p>Shares of Citigroup and Wells Fargo each ticked higher after both companies posted better-than-expected second-quarter earnings results.</p>\n<p>Delta Air Lines shares gained in the premarket afterreporting its first quarterly profit of $652 million since 2019, boosted by federal aid. The airline also said domestic leisure demand has fully recovered and corporate travel increased in the quarter.</p>\n<p>In total, 23 S&amp;P 500 companies will post quarterly results this week and second-quarter results are supposed to show a sizable comeback from the depths of the pandemic. Profit growth is expected to total 64% year-over-year for the quarter, according to analyst estimates collected by FactSet.</p>\n<p>The S&amp;P 500 is up more than 16% this year and more than 36% in the past 12 months</p>\n<p>American Airlines shares gained roughly 3% in the premarket after thecarrier forecast better revenueand a narrower loss than its previous estimate for the second quarter. The company is set to report quarterly fiscal results on July 22.</p>\n<p>UBS raised its December 2021S&amp;P 500 target to 4,500on Tuesday, up from a prior forecast of 4,400. The call hinges on strong numbers from second-quarter earnings.</p>\n<p>\"We believe the equity bull market remains on solid footing driven by huge consumer cash balances, surging business investment, and a still-accommodative Fed,\" the firm said in a note to clients.</p>\n<p>Meanwhile, Apple shares gained in the premarket.Bloomberg reported&nbsp;Wednesday night that Apple is looking to increase new iPhone production for 2021 by 20%.&nbsp;JPMorgan also added the tech giant to its focus list. The firm raised its price target for Apple and believes the stock can gain 20% in the next 12 months.</p>\n<p>The Dow on Tuesday fell 107 points, or 0.3%, retreating from a record close near 35,000 Monday. The S&amp;P and Nasdaq Composite hit all-time intraday highs on Tuesday before giving back those gains and ultimately closing lower. The S&amp;P 500 dipped 0.35%, while the Nasdaq Composite shed 0.38%, each posting their first negative session in three.</p>\n<p>The decline came after the Labor Department said&nbsp;inflation last month advanced&nbsp;at its fastest pace in nearly 13 years. The consumer price index jumped 5.4% from a year earlier, which was above expectations of a 5% increase, according to economists surveyed by Dow Jones. However, since a significant portion of the overall increase came from a jump in used car prices, some were quick to say the inflation will likely be transitory.</p>\n<p>Amid a down day on Wall Street, the S&amp;P 500 tech sector bucked the negative trend and closed at a fresh all-time high. The 10 other S&amp;P sectors dipped, with real estate leading the losses.</p>\n<p>The hot inflation report overshadowed strong second-quarter earnings reports.JPMorganandGoldman Sachskicked off earnings season on Tuesday, with both banks beating top and bottom line estimates. PepsiCo also topped estimates.</p>\n<p>The major averages are still hovering around their all-time highs, and Wall Street strategists are optimistic about what the second half of 2021 holds as the economy continues to recover from Covid-19.</p>\n<p>\"After a 2020 we will never forget, we look ahead to the second half of 2021, and even into 2022, with optimism for the future,\" said Burt White, LPL managing director and chief investment officer. \"We believe we are early in the economic cycle and the next recession is potentially years away.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158673076","content_text":"U.S. stock indexes rose Wednesday after Federal Reserve Chairman Jerome Powell said in prepared remarksthat the central bank will not yet alter its easy policies.\nInvestors also assessed a rush of second-quarter earnings results from big banks and other major companies.\nThe Dow Jones Industrial Average added around 175 points, or 0.5%.The S&P 500 traded 0.5% higher, near its record. The Nasdaq Composite added 0.65%, boosted by gains in technology shares.\n\"The markets have gotten very accustomed to 'low rates for longer' and Powell's comments today don't necessarily change that,\" Diane Swonk, chief economist at Grant Thorton, said. \"The reality is the Fed has to deal with whatever comes in.\"\nPowell will say in his required semiannual testimony before Congress on Wednesday that the central bank can wait before it starts to ease its bond purchases despite surging inflation readings, according to remarks released before his testimony. In his prepared statement, Powell said he still expects inflation to moderate.\n\"At our June meeting, the Committee discussed the economy's progress toward our goals since we adopted our asset purchase guidance last December. While reaching the standard of 'substantial further progress' is still a ways off, participants expect that progress will continue,\" Powell said in the prepared remarks.\nThe central bank chief is set to speak before the House Committee on Financial Services at noon ET. He is scheduled to testify before the Senate on Thursday.\nThe yield on the10-year Treasury fell after Powell's remarks, continuing its decline in recent months. Yields fell even as a reading on producer prices from June showed higher than expected inflation. This follows the biggest jump in the consumer price index since 2008,released on Tuesday.\nSecond-quarter earnings reporting season continued Wednesday with several companies posting earnings before the bell.\nBank of America shares fell about 2% in premarket trading afterit reportedsecond-quarter revenue of $21.6 billion, just under the $21.8 billion estimate from Refinitiv. Low interest rates knocked net interest income by 6%, the bank said.\nBlackrock, the largest asset manager in the world,reportedearnings and revenue that topped expectations on Wednesday morning. Shares were down more than 2% in early morning trading.\nShares of Citigroup and Wells Fargo each ticked higher after both companies posted better-than-expected second-quarter earnings results.\nDelta Air Lines shares gained in the premarket afterreporting its first quarterly profit of $652 million since 2019, boosted by federal aid. The airline also said domestic leisure demand has fully recovered and corporate travel increased in the quarter.\nIn total, 23 S&P 500 companies will post quarterly results this week and second-quarter results are supposed to show a sizable comeback from the depths of the pandemic. Profit growth is expected to total 64% year-over-year for the quarter, according to analyst estimates collected by FactSet.\nThe S&P 500 is up more than 16% this year and more than 36% in the past 12 months\nAmerican Airlines shares gained roughly 3% in the premarket after thecarrier forecast better revenueand a narrower loss than its previous estimate for the second quarter. The company is set to report quarterly fiscal results on July 22.\nUBS raised its December 2021S&P 500 target to 4,500on Tuesday, up from a prior forecast of 4,400. The call hinges on strong numbers from second-quarter earnings.\n\"We believe the equity bull market remains on solid footing driven by huge consumer cash balances, surging business investment, and a still-accommodative Fed,\" the firm said in a note to clients.\nMeanwhile, Apple shares gained in the premarket.Bloomberg reported Wednesday night that Apple is looking to increase new iPhone production for 2021 by 20%. JPMorgan also added the tech giant to its focus list. The firm raised its price target for Apple and believes the stock can gain 20% in the next 12 months.\nThe Dow on Tuesday fell 107 points, or 0.3%, retreating from a record close near 35,000 Monday. The S&P and Nasdaq Composite hit all-time intraday highs on Tuesday before giving back those gains and ultimately closing lower. The S&P 500 dipped 0.35%, while the Nasdaq Composite shed 0.38%, each posting their first negative session in three.\nThe decline came after the Labor Department said inflation last month advanced at its fastest pace in nearly 13 years. The consumer price index jumped 5.4% from a year earlier, which was above expectations of a 5% increase, according to economists surveyed by Dow Jones. However, since a significant portion of the overall increase came from a jump in used car prices, some were quick to say the inflation will likely be transitory.\nAmid a down day on Wall Street, the S&P 500 tech sector bucked the negative trend and closed at a fresh all-time high. The 10 other S&P sectors dipped, with real estate leading the losses.\nThe hot inflation report overshadowed strong second-quarter earnings reports.JPMorganandGoldman Sachskicked off earnings season on Tuesday, with both banks beating top and bottom line estimates. PepsiCo also topped estimates.\nThe major averages are still hovering around their all-time highs, and Wall Street strategists are optimistic about what the second half of 2021 holds as the economy continues to recover from Covid-19.\n\"After a 2020 we will never forget, we look ahead to the second half of 2021, and even into 2022, with optimism for the future,\" said Burt White, LPL managing director and chief investment officer. \"We believe we are early in the economic cycle and the next recession is potentially years away.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":281,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":157373889,"gmtCreate":1625569285741,"gmtModify":1703743931292,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558143787814290","authorIdStr":"3558143787814290"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AUUD\">$Auddia Inc.(AUUD)$</a>another potential breakout buy","listText":"<a href=\"https://laohu8.com/S/AUUD\">$Auddia Inc.(AUUD)$</a>another potential breakout buy","text":"$Auddia Inc.(AUUD)$another potential breakout buy","images":[{"img":"https://static.tigerbbs.com/e6a2650b8ed86d04a1123f1680240f97","width":"1125","height":"3396"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/157373889","isVote":1,"tweetType":1,"viewCount":525,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3583528431969686","authorId":"3583528431969686","name":"繁花似锦131419","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"idStr":"3583528431969686","authorIdStr":"3583528431969686"},"content":"[Cover your face] [Cover your face] [Cover your face]","text":"[Cover your face] [Cover your face] [Cover your face]","html":"[Cover your face] [Cover your face] [Cover your face]"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":140685889,"gmtCreate":1625654155741,"gmtModify":1703745707349,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558143787814290","authorIdStr":"3558143787814290"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SQBG\">$Sequential(SQBG)$</a>continual day. Another big&nbsp;move !","listText":"<a href=\"https://laohu8.com/S/SQBG\">$Sequential(SQBG)$</a>continual day. Another big&nbsp;move !","text":"$Sequential(SQBG)$continual day. Another big move !","images":[{"img":"https://static.tigerbbs.com/8e003942d3b84a2e07aca261b4f5092c","width":"1125","height":"3223"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/140685889","isVote":1,"tweetType":1,"viewCount":703,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3583821064857678","authorId":"3583821064857678","name":"bobby2","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"idStr":"3583821064857678","authorIdStr":"3583821064857678"},"content":"Will it continue to rise?","text":"Will it continue to rise?","html":"Will it continue to rise?"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":157224814,"gmtCreate":1625584604038,"gmtModify":1703744464050,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558143787814290","authorIdStr":"3558143787814290"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ZS\">$Zscaler Inc.(ZS)$</a>first target $240. Next lev $280. Buy breaking out of the high with huge volume. Look out for this !! :)&nbsp;","listText":"<a href=\"https://laohu8.com/S/ZS\">$Zscaler Inc.(ZS)$</a>first target $240. Next lev $280. Buy breaking out of the high with huge volume. Look out for this !! :)&nbsp;","text":"$Zscaler Inc.(ZS)$first target $240. Next lev $280. Buy breaking out of the high with huge volume. Look out for this !! :)","images":[{"img":"https://static.tigerbbs.com/57cbdfdfa08599a36e2683ddf17863db","width":"1125","height":"3295"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":1,"link":"https://ttm.financial/post/157224814","isVote":1,"tweetType":1,"viewCount":111,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":174157969,"gmtCreate":1627087662751,"gmtModify":1703483937719,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558143787814290","authorIdStr":"3558143787814290"},"themes":[],"htmlText":"Moderna still have time to grow if pandemic continues&nbsp;","listText":"Moderna still have time to grow if pandemic continues&nbsp;","text":"Moderna still have time to grow if pandemic continues","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/174157969","repostId":"2153989989","repostType":4,"isVote":1,"tweetType":1,"viewCount":602,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":157185172,"gmtCreate":1625572972796,"gmtModify":1703744007137,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558143787814290","authorIdStr":"3558143787814290"},"themes":[],"htmlText":"Wow another big IPO","listText":"Wow another big IPO","text":"Wow another big IPO","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/157185172","repostId":"1165946493","repostType":4,"repost":{"id":"1165946493","kind":"news","pubTimestamp":1625570599,"share":"https://ttm.financial/m/news/1165946493?lang=&edition=fundamental","pubTime":"2021-07-06 19:23","market":"us","language":"en","title":"Nextdoor to go public via $4.3 bln merger with Khosla-backed blank-check firm","url":"https://stock-news.laohu8.com/highlight/detail?id=1165946493","media":"Reuters","summary":"July 6 (Reuters) - Nextdoor, a social network that connects neighbors, said on Tuesday it would merg","content":"<p>July 6 (Reuters) - Nextdoor, a social network that connects neighbors, said on Tuesday it would merge with a blank-check company backed by Khosla Ventures in a deal valued at $4.3 billion.</p>\n<p>The deal with special purpose acquisition company (SPAC) Khosla Ventures Acquisition Co II(KVSB.O)includes a private investment of $270 million from Baron Capital Group, Dragoneer, accounts advised by T. Rowe Price Associates and Cathie Wood's ARK Invest.</p>\n<p>Nextdoor Chief Executive Officer Sarah Friar and existing investors Tiger Global and Hedosophia will also invest in the deal, which will generate proceeds of about $686 million for the combined company.</p>\n<p>Founded in 2011, the San Francisco-based company allows members to use its mobile app and website to seek advice from their neighbors on anything from babysitters to organizing local sports clubs or dealing with rodent infestation.</p>\n<p>A SPAC is a shell company that seeks to merge with a private company and in the process takes it public. SPAC mergers gained popularity last year, but are experiencing a slowdown due to weak investor appetite and greater regulatory scrutiny .</p>\n<p>The merger, which comes against the backdrop of a lull in dealmaking due to weak investor appetite and greater regulatory scrutiny in the SPAC market, is expected to close in the fourth quarter this year.</p>\n<p>Khosla Ventures Acquisition Co II raised $400 million in its IPO.</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>Nextdoor to go public via $4.3 bln merger with Khosla-backed blank-check firm</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\">\nNextdoor to go public via $4.3 bln merger with Khosla-backed blank-check firm\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-06 19:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/nextdoor-ma-khosla-ventures/nextdoor-to-go-public-via-4-3-bln-merger-with-khosla-backed-blank-check-firm-idUSL3N2OI2MV><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>July 6 (Reuters) - Nextdoor, a social network that connects neighbors, said on Tuesday it would merge with a blank-check company backed by Khosla Ventures in a deal valued at $4.3 billion.\nThe deal ...</p>\n\n<a href=\"https://www.reuters.com/article/nextdoor-ma-khosla-ventures/nextdoor-to-go-public-via-4-3-bln-merger-with-khosla-backed-blank-check-firm-idUSL3N2OI2MV\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"KVSA":"Khosla Ventures Acquisition Co."},"source_url":"https://www.reuters.com/article/nextdoor-ma-khosla-ventures/nextdoor-to-go-public-via-4-3-bln-merger-with-khosla-backed-blank-check-firm-idUSL3N2OI2MV","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165946493","content_text":"July 6 (Reuters) - Nextdoor, a social network that connects neighbors, said on Tuesday it would merge with a blank-check company backed by Khosla Ventures in a deal valued at $4.3 billion.\nThe deal with special purpose acquisition company (SPAC) Khosla Ventures Acquisition Co II(KVSB.O)includes a private investment of $270 million from Baron Capital Group, Dragoneer, accounts advised by T. Rowe Price Associates and Cathie Wood's ARK Invest.\nNextdoor Chief Executive Officer Sarah Friar and existing investors Tiger Global and Hedosophia will also invest in the deal, which will generate proceeds of about $686 million for the combined company.\nFounded in 2011, the San Francisco-based company allows members to use its mobile app and website to seek advice from their neighbors on anything from babysitters to organizing local sports clubs or dealing with rodent infestation.\nA SPAC is a shell company that seeks to merge with a private company and in the process takes it public. SPAC mergers gained popularity last year, but are experiencing a slowdown due to weak investor appetite and greater regulatory scrutiny .\nThe merger, which comes against the backdrop of a lull in dealmaking due to weak investor appetite and greater regulatory scrutiny in the SPAC market, is expected to close in the fourth quarter this year.\nKhosla Ventures Acquisition Co II raised $400 million in its IPO.","news_type":1},"isVote":1,"tweetType":1,"viewCount":124,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3579266597292844","authorId":"3579266597292844","name":"LoneSurvivor","avatar":"https://static.tigerbbs.com/a82eb7b56f99eff92f30a4ece3e5c96c","crmLevel":4,"crmLevelSwitch":1,"idStr":"3579266597292844","authorIdStr":"3579266597292844"},"content":"Is it you ? [Cool]","text":"Is it you ? [Cool]","html":"Is it you ? [Cool]"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":157101822,"gmtCreate":1625569819866,"gmtModify":1703743946379,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558143787814290","authorIdStr":"3558143787814290"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>watch this closely. Over $121, long to target $135, next target $140. If over this $140, to the sky!","listText":"<a href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>watch this closely. Over $121, long to target $135, next target $140. If over this $140, to the sky!","text":"$Taiwan Semiconductor Manufacturing(TSM)$watch this closely. Over $121, long to target $135, next target $140. If over this $140, to the sky!","images":[{"img":"https://static.tigerbbs.com/02cab6687b32ced715d7cd73ec2b807a","width":"1125","height":"3569"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/157101822","isVote":1,"tweetType":1,"viewCount":530,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3542053839227038","authorId":"3542053839227038","name":"KevinSZ","avatar":"https://static.tigerbbs.com/fb198ead9a1f10f7ccd9497d08928529","crmLevel":7,"crmLevelSwitch":0,"idStr":"3542053839227038","authorIdStr":"3542053839227038"},"content":"Dec. 2022 would be 250-270.","text":"Dec. 2022 would be 250-270.","html":"Dec. 2022 would be 250-270."}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":800570798,"gmtCreate":1627310023014,"gmtModify":1703487392643,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558143787814290","authorIdStr":"3558143787814290"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AUUD\">$Auddia Inc.(AUUD)$</a>another up","listText":"<a href=\"https://laohu8.com/S/AUUD\">$Auddia Inc.(AUUD)$</a>another up","text":"$Auddia Inc.(AUUD)$another up","images":[{"img":"https://static.tigerbbs.com/f929ed94d710b9443f5777828da8dd83","width":"1125","height":"3468"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/800570798","isVote":1,"tweetType":1,"viewCount":727,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":174154011,"gmtCreate":1627087620333,"gmtModify":1703483936399,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558143787814290","authorIdStr":"3558143787814290"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SNAP\">$Snap Inc(SNAP)$</a>Will earn more. Target is 35% profit in this&nbsp;","listText":"<a href=\"https://laohu8.com/S/SNAP\">$Snap Inc(SNAP)$</a>Will earn more. Target is 35% profit in this&nbsp;","text":"$Snap Inc(SNAP)$Will earn more. Target is 35% profit in this","images":[{"img":"https://static.tigerbbs.com/ef3ad02418e9c022271fac5ef677f1f8","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/174154011","isVote":1,"tweetType":1,"viewCount":815,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":144197114,"gmtCreate":1626270965438,"gmtModify":1703756790142,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558143787814290","authorIdStr":"3558143787814290"},"themes":[],"htmlText":"Commodities coming up","listText":"Commodities coming up","text":"Commodities coming up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144197114","repostId":"1156462382","repostType":4,"repost":{"id":"1156462382","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1626270302,"share":"https://ttm.financial/m/news/1156462382?lang=&edition=fundamental","pubTime":"2021-07-14 21:45","market":"us","language":"en","title":"Compass Minerals shares rises 17% in early trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1156462382","media":"Tiger Newspress","summary":"Compass Minerals’ shares rises 17% in early trading on Wednesday after the mineral producer said it ","content":"<p>Compass Minerals’ shares rises 17% in early trading on Wednesday after the mineral producer said it had found about 2.4 million metric tons of lithium carbonate equivalent (LCE) at its solar evaporation site in Utah.</p>\n<p><img src=\"https://static.tigerbbs.com/91984098c8c865b53eed65937700dad5\" tg-width=\"1273\" tg-height=\"587\" referrerpolicy=\"no-referrer\"></p>\n<p>The announcement, released after market hours on Tuesday, comes as demand and prices for the battery metal has climbed due to aggressive electric vehicle production plans by automakers.</p>\n<p>The company, which produces salt, plant nutrients and magnesium chloride, said it had identified an indicated lithium resource within the ambient brine of the Great Salt Lake.</p>\n<p>A large part of lithium is extracted from brine or seawater.</p>\n<p>Electric vehicle batteries can use lithium carbonate or lithium hydroxide, but the industry typically uses lithium carbonate equivalent (LCE) which contains both.</p>\n<p>The company said it was evaluating the means of extracting the lithium, which accumulates through its current solar evaporation process and can be accessed through its existing leases and permits, adding that it was in late-stage talks to select a direct lithium extraction technology provider.</p>\n<p>Compass said an initial assessment estimated total combined indicated and inferred lithium resources of about 127,000 metric tons of LCE at its active Ogden site. The assessment also identified an additional indicated lithium resource of about 2.32 million metric tons of LCE.</p>\n<p>The company said it was targeting an annual production capacity in the range of about 20,000 to 25,000 metric tons of LCE, with up to 65% of the future production derived from brine that has already been extracted from the Great Salt Lake.</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>Compass Minerals shares rises 17% in early trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCompass Minerals shares rises 17% in early trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-07-14 21:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Compass Minerals’ shares rises 17% in early trading on Wednesday after the mineral producer said it had found about 2.4 million metric tons of lithium carbonate equivalent (LCE) at its solar evaporation site in Utah.</p>\n<p><img src=\"https://static.tigerbbs.com/91984098c8c865b53eed65937700dad5\" tg-width=\"1273\" tg-height=\"587\" referrerpolicy=\"no-referrer\"></p>\n<p>The announcement, released after market hours on Tuesday, comes as demand and prices for the battery metal has climbed due to aggressive electric vehicle production plans by automakers.</p>\n<p>The company, which produces salt, plant nutrients and magnesium chloride, said it had identified an indicated lithium resource within the ambient brine of the Great Salt Lake.</p>\n<p>A large part of lithium is extracted from brine or seawater.</p>\n<p>Electric vehicle batteries can use lithium carbonate or lithium hydroxide, but the industry typically uses lithium carbonate equivalent (LCE) which contains both.</p>\n<p>The company said it was evaluating the means of extracting the lithium, which accumulates through its current solar evaporation process and can be accessed through its existing leases and permits, adding that it was in late-stage talks to select a direct lithium extraction technology provider.</p>\n<p>Compass said an initial assessment estimated total combined indicated and inferred lithium resources of about 127,000 metric tons of LCE at its active Ogden site. The assessment also identified an additional indicated lithium resource of about 2.32 million metric tons of LCE.</p>\n<p>The company said it was targeting an annual production capacity in the range of about 20,000 to 25,000 metric tons of LCE, with up to 65% of the future production derived from brine that has already been extracted from the Great Salt Lake.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CMP":"罗盘矿物"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156462382","content_text":"Compass Minerals’ shares rises 17% in early trading on Wednesday after the mineral producer said it had found about 2.4 million metric tons of lithium carbonate equivalent (LCE) at its solar evaporation site in Utah.\n\nThe announcement, released after market hours on Tuesday, comes as demand and prices for the battery metal has climbed due to aggressive electric vehicle production plans by automakers.\nThe company, which produces salt, plant nutrients and magnesium chloride, said it had identified an indicated lithium resource within the ambient brine of the Great Salt Lake.\nA large part of lithium is extracted from brine or seawater.\nElectric vehicle batteries can use lithium carbonate or lithium hydroxide, but the industry typically uses lithium carbonate equivalent (LCE) which contains both.\nThe company said it was evaluating the means of extracting the lithium, which accumulates through its current solar evaporation process and can be accessed through its existing leases and permits, adding that it was in late-stage talks to select a direct lithium extraction technology provider.\nCompass said an initial assessment estimated total combined indicated and inferred lithium resources of about 127,000 metric tons of LCE at its active Ogden site. The assessment also identified an additional indicated lithium resource of about 2.32 million metric tons of LCE.\nThe company said it was targeting an annual production capacity in the range of about 20,000 to 25,000 metric tons of LCE, with up to 65% of the future production derived from brine that has already been extracted from the Great Salt Lake.","news_type":1},"isVote":1,"tweetType":1,"viewCount":238,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":145952465,"gmtCreate":1626187292757,"gmtModify":1703755173812,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558143787814290","authorIdStr":"3558143787814290"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XELA\">$Exela Technologies, Inc.(XELA)$</a>Oh my god! It’s unbelievable&nbsp;","listText":"<a href=\"https://laohu8.com/S/XELA\">$Exela Technologies, Inc.(XELA)$</a>Oh my god! It’s unbelievable&nbsp;","text":"$Exela Technologies, Inc.(XELA)$Oh my god! It’s unbelievable","images":[{"img":"https://static.tigerbbs.com/c34ff54ceb33860e4393b993c1738d83","width":"1170","height":"2026"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/145952465","isVote":1,"tweetType":1,"viewCount":119,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":157376804,"gmtCreate":1625569449008,"gmtModify":1703743935632,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558143787814290","authorIdStr":"3558143787814290"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>ready for breakout $700. Long","listText":"<a href=\"https://laohu8.com/S/TSLA\">$Tesla Motors(TSLA)$</a>ready for breakout $700. Long","text":"$Tesla Motors(TSLA)$ready for breakout $700. Long","images":[{"img":"https://static.tigerbbs.com/3b5f9d4fe9c55eb2e18dbf8861711215","width":"1125","height":"3396"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/157376804","isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":143931125,"gmtCreate":1625754857367,"gmtModify":1703747968222,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558143787814290","authorIdStr":"3558143787814290"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XELA\">$Exela Technologies, Inc.(XELA)$</a>going crazy&nbsp;","listText":"<a href=\"https://laohu8.com/S/XELA\">$Exela Technologies, Inc.(XELA)$</a>going crazy&nbsp;","text":"$Exela Technologies, Inc.(XELA)$going crazy","images":[{"img":"https://static.tigerbbs.com/3cbb1d21265606590770a36137383de2","width":"1125","height":"3122"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/143931125","isVote":1,"tweetType":1,"viewCount":228,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":157885726,"gmtCreate":1625578081065,"gmtModify":1703744147463,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558143787814290","authorIdStr":"3558143787814290"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/SNAP\">$Snap Inc(SNAP)$</a>over $70, long . Super base, forming handle. Target $90.","listText":"<a href=\"https://laohu8.com/S/SNAP\">$Snap Inc(SNAP)$</a>over $70, long . Super base, forming handle. Target $90.","text":"$Snap Inc(SNAP)$over $70, long . Super base, forming handle. Target $90.","images":[{"img":"https://static.tigerbbs.com/a057cfcd15874aa61d9c95fa492aa5bd","width":"1125","height":"3482"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/157885726","isVote":1,"tweetType":1,"viewCount":480,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3562149048743811","authorId":"3562149048743811","name":"信托基金劫匪","avatar":"https://static.tigerbbs.com/5fb0cc9dc33085380672817073935c8d","crmLevel":1,"crmLevelSwitch":0,"idStr":"3562149048743811","authorIdStr":"3562149048743811"},"content":"More ideas pls thank you","text":"More ideas pls thank you","html":"More ideas pls thank you"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":135912395,"gmtCreate":1622125863317,"gmtModify":1704179978032,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558143787814290","authorIdStr":"3558143787814290"},"themes":[],"htmlText":"It’s the future","listText":"It’s the future","text":"It’s the future","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/135912395","repostId":"1183505680","repostType":4,"repost":{"id":"1183505680","kind":"news","pubTimestamp":1622110621,"share":"https://ttm.financial/m/news/1183505680?lang=&edition=fundamental","pubTime":"2021-05-27 18:17","market":"us","language":"en","title":"Cathie Wood’s Bad Spring Is Only a Blip When the Future Is So Magnificent","url":"https://stock-news.laohu8.com/highlight/detail?id=1183505680","media":"Bloomberg","summary":"Her flagship fund ARKK, which had a dramatic breakout during the pandemic, is way off its peak as bo","content":"<p>Her flagship fund ARKK, which had a dramatic breakout during the pandemic, is way off its peak as bold bets on Tesla and Bitcoin have faltered. But for the superstar portfolio manager, there’s always five years from now.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/635880405de664b5f1b1aba431293df6\" tg-width=\"1000\" tg-height=\"1333\"><span>Wood PHOTOGRAPHER: REED YOUNG</span></p>\n<p>In the weirdest year of our lives, the rise of Cathie Wood is hardly the weirdest thing to happen. But still. She’s the first star in an industry, the $6.3 trillion world of exchange-traded funds, that wasn’t supposed to have any. She’s a throwback—a money manager who’s actually famous among regular investors, like Peter Lynch or Warren Buffett. And not only is she the first woman to play that role, she’s taken a throne in the pantheon of meme stock demigods, up there with the Elon Musks and shiba inus.</p>\n<p>Wood moves stocks with her trades andher tweets. On social media and in online forums around the world, her name is synonymous with a certain brand of technophilia, an enthusiasm for the next big thing, whether that’s robotics or gene editing or digital currencies. Some of her bolder predictions forBitcoinand Tesla came true, to the shock of Wall Street analysts who found them ridiculous.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a726aefb59abf1bf29c40f55e85accba\" tg-width=\"1511\" tg-height=\"1999\"><span>Featured in Bloomberg Businessweek, May 31, 2021. Subscribe now.PHOTO ILLUSTRATION BY RAD MORA; PHOTO: REED YOUNG</span></p>\n<p>The company she founded,ARK Investment Management, went from an unprofitable niche operator to arunaway success&nbsp;in just a few years. Her flagship ARK Innovation fund gained almost 150% in 2020, then as much as 26% more in the new year. Droves of investors, many of them young novices, bet on Wood, pouring almost $21 billion into ARK in 2020.</p>\n<p>In the depths of the pandemic, she championed a beautiful future where technology would make everything better and more profitable. It was part of a rising subculture of belief, in both technological change and financial risk-taking, that reached a fever pitch in the dark winter of 2021. Stocks soared even as the coronavirus carnage mounted: joblessness, business closures, deaths. Retail traders with stimulus checks shocked hedge funds by bidding up GameStop Corp. and other meme stocks. Wood’s swift ascent was emblematic of a struggle playing out in financial markets, where investors giddy over the promises (and entertainment value) of innovations such as cryptocurrency seemed to be winning out over skeptics. Dogecoin, created&nbsp;as a joke, surged 20,000%.</p>\n<p>Sooner or later, the market was bound toturn on her. Vaccinations accelerated, and the economy reopened. Investors responded by turning from speculative high-tech stocks toward boring ones that would benefit from a broader recovery. Wood’s flagship fund gave up all its 2021 gains and then some. As broad stock indexes continued to climb, she went from having one of the best performances among money managers to losing money year-to-date. She blamed fears of inflation for sending “the innovation-oriented part of the stock market”—her bread and butter—into a correction.Tesla Inc.tumbled more than 30%&nbsp;from its peak, the same amount Bitcoin fell in one shocking morning in mid-May.</p>\n<p>Wood’s always-online fans are sticking by her. Investors who poured a net $34 billion into ARK’s eight funds in the past 12 months have withdrawn only about $1.2 billion since the end of February. They’re betting that the world, emerging from Covid-19, will catch up to the future she proselytizes for. To the true believers, her sudden fame won’t be an oddball footnote in market history, like GameStop, but a forerunner to decades of glorious change. Just as Mary Meeker cheered early internet companies Yahoo! and Priceline.com as a Morgan Stanley analyst during the dot-com boom, Wood preaches a peculiarly American gospel of utopian change powered by capitalism.</p>\n<p>She drives home her message with repetition. “We have a five-year investment time horizon,” she says over and over again, especially when her funds are dropping in value. Other Cathie catchphrases get emblazoned on ARK merchandise, sold to the company’s more devoted clients with all profits going to charity. A T-shirt reads “Truth Wins Out”; a baby onesie says “Invest in the Future Today.” She spreads the word in a steady stream of videos, webinars, and commentaries posted on ARK’s website, along with frequent appearances at conferences andon mediaincluding CNBC, Bloomberg TV, and a variety of investing podcasts. Despite this, ARK turned down requests for an in-depth interview for this story.</p>\n<p>As Wood and her company’s research frequently remind investors, electrification, the telephone, and the internal combustion engine turned the world upside down a century ago. Now, she tells anyone who will listen,five technologies—artificial intelligence, blockchain, DNA sequencing, energy storage, and robotics—are bringing about an equally profound transformation of the economy. These innovations will converge, recombine into things like autonomous taxis and whatnot, and create a perfect economic storm of higher wages, falling prices, and wider profit margins. That leads to “virtuous cycles” of more investment in faster innovation.</p>\n<p>It’s a lot. And it may be familiar to anyone who remembers that other spasm of tech-stock fever, the dot-com bubble. But Wood’s got a riff ready for that, too. “The dream was right. It was just 20 to 25 years too early,” she often says. Now, “the seeds are beginning to flourish. We are ready for prime time.”</p>\n<p>In some ways, Wood is an unlikely evangelist for change. She’s 65 and conservative, both politically and economically. For decades she’s championed green investments, but she rarely uses the terms “climate change” or “clean energy.” After donating $1,000 to elect Donald Trump in 2016, she gave $25,000 to his presidential campaign and associated Republican political action committees in 2020, Federal Election Commission records show. Her mentor is Arthur Laffer, the 80-year-old economist who’s pushed his tax-cutting philosophy on Republican presidents since Ronald Reagan, ideas many modern economic thinkers blame for ballooning inequality.</p>\n<p>Wood has bemoaned President Joe Biden’s plans to spend big and tax the wealthy, even though many of his proposals are designed to bring the economy closer to her futuristic vision for it, and though higher capital-gains taxes could push more money into tax-efficient funds like hers. She warns that higher taxes on companies and investors will discourage future innovation.</p>\n<p>She surrounds herself with an unusually young and diverse team at ARK, some of whom openly disagree with her politics. Director of Research Brett Winton, whose work Wood often cites, gave $2,800 donations (the individual maximum) to Biden and other Democrats, including both of Georgia’s successful Senate candidates. About a quarter of ARK’s staff of about 35 are people of color, including the chief financial officer and chief compliance officer, who are Black men. One-third are women, and most are younger than 35. The youngest are the analysts, who produce the research that gets so much online attention for being gutsy or delusional, depending on who’s tweeting. Only a few have finance backgrounds; they’ve more likely been cancer researchers and sailboat captains. The office culture is, by all accounts, collegial, casual, and collaborative. “Cathie believes in a circle table as opposed to a rectangular table,” Kellen Carter, ARK’s chief compliance officer, told Bloomberg last year. “She wants everyone around the table offering their ideas.”</p>\n<p>Wood can be combative, too, especially when mocking the low-effort, passive index strategies that have gained popularity at the expense of active managers like her. “Many investors appear to be afraid of companies that offer newer, faster, cheaper, and creative products and services,” says the narrator in an ARK parody of a pharmaceutical ad. “Ask your adviser today if investing in a traditional broad-based index is right for you.”</p>\n<p>Every Friday morning, she convenes an investment ideas meeting with her analysts and outside experts that’s part business school seminar and part free-form futurist bull session. They’re “a wind tunnel for the analysts,” allowing them to test assumptions and defend themselves against critics, says David Bodde, a retired engineering professor who’s been attending them for years. “The lovely thing about it is you don’t have to talk the party line. You can say things that are heretical.” But Wood’s techno-utopianism comes through loud and clear, occasionally to a degree that surprises her employees. “I thought I was a tech obsessive,” said James Wang, who was until February ARK’s artificial intelligence analyst, last year. “Cathie, it turns out, is even more aggressive than I am in imagining future outcomes. She sees things management itself hasn’t even considered.”</p>\n<p>By her own description, Wood spent her childhood as “a very serious little girl.” Her parents, Gerald and Mary Duddy, immigrated to the U.S. from Ireland. Gerald worked on military radar systems, and so Cathie, the oldest of four children, grew up on U.S. Air Force bases in England, Ireland, Alabama, upstate New York, and California. Her father’s interest in technology and investing made an impression on her.</p>\n<p>She got to know Laffer at the University of Southern California, where she majored in finance and economics and he was a professor of graduate-level classes. “You could tell there wasn’t a lot that was going to get in her way,” he says. Wood graduated summa cum laude in 1981, and Laffer helped her land a job at Capital Group in Los Angeles as an assistant economist. He soon introduced her to Jennison Associates—“where I effectively grew up,” she has said. She joined AllianceBernstein Holding LP in 2001, where she oversaw more than $5 billion focused on innovative growth investments. Then as now, Wood’s fund was volatile, causing rifts with the company’s distribution teams, who at times found the performance hard to sell.</p>\n<p>At AllianceBernstein, she first hit on the idea that would transform her career.Exchange-traded funds, or ETFs, are mutual funds that trade throughout the day like stocks. Their flexible, tax-efficient structure allows anyone to buy in, with shares that can be created depending on demand. They’re typically fully transparent, eliminating any confusion around why prices are going up or down, and based on a set list of investments rather than the judgment of a human manager.</p>\n<p>The ETF boom was just beginning when Wood suggested AllianceBernstein introduce its own, with a twist: an ETF that would be actively managed. The idea never went anywhere because, she said later, executives “weren’t quite sure what it would mean for their business model.” For one thing, ETFs, which usually have lower fees, could have created cheaper competition for the company’s existing mutual funds. AllianceBernstein declined to comment.</p>\n<p>By 2014, Wood had left and started her company, ARK. The name officially stands for Active Research Knowledge, though she has also said it’s inspired by the Old Testament Ark of the Covenant. The early years were rough. Wood, then 58 and not well known, financed the company out of her life savings, and had a hard time finding investors willing to take a chance on an actively managed ETF. “When I first met her a couple months before she launched, I was sure she would be gone within a year or two,” says Bloomberg Intelligence ETF analyst Eric Balchunas. The inherent transparency of ETFs didn’t help the pitch: Wall Street traders typically guard their brilliant investment ideas like the crown jewels. With ARK, any investor can see what Wood’s funds own and copy her ideas day by day.</p>\n<p>A rare source of capital was her friend Bill Hwang, a hedge fund trader and fellow Christian who had founded his family office, Archegos Capital Management, a year before she started ARK. She and Hwang met in 2013 when both were advisers to Financial Services Ministry, a group for Christians in finance affiliated with New York’s Redeemer Presbyterian Church. They swapped stock tips, and, according to Wood, he was “very intrigued” by her plans to start ARK. The ARK Innovation ETF debuted in October 2014, along with specialized funds focusing on autonomous technology and robotics, the internet, and genomics. Hwang provided seed capital for all four. His risky bets caused Archegos and his $20 billion fortune toimplode in a couple daysin late March 2021.</p>\n<p>ARK eventually stopped losing money for Wood, posting strong if volatile returns from 2017 through 2019. But few investors paid much attention—until last spring.</p>\n<p><b>Cathie Wood’s ETFs</b></p>\n<p><img src=\"https://static.tigerbbs.com/722011b25d5c81e7dc5c6b554860ad4f\" tg-width=\"725\" tg-height=\"801\"></p>\n<p>Wood had been preparing for something like the pandemic for a long time. “The best thing that can happen for us—and this is going to sound odd—is a crisis,” she said on a podcast in February 2019. “It’s usually when innovation takes root and gains traction.” Previous crises had taught her that fearful and uncertain consumers and companies are willing to try new things. She was optimistic even during the financial crisis, according to a former colleague at AllianceBernstein who spoke on the condition of anonymity. The disruptions of the 2007-09 recession ultimately boosted some of her favorite stocks then, such as Salesforce.com Inc. and Amazon.com Inc.</p>\n<p>When Wood stopped by Bloomberg’s New York headquarters&nbsp;on March 9, 2020, Covid cases were spreading exponentially. Stock indexes crashed 8%, the biggest one-day drop since 2008. But she was confident about what it all meant: Biotech holdings would get a lift, she said, along with Illumina Inc., a long-standing holding that makes gene-sequencing technology. Worries about international supply chains would finally popularize 3D printing, after decades of predictions that it was about to take off.</p>\n<p>What’s remarkable, looking back, is how much pre-Covid Cathie Wood sounds like herself today. She sticks to the same talking points in interviews years apart. Her vision of the future hasn’t appreciably changed, even if her timeline has accelerated.</p>\n<p>“You listen to her and you go, ‘Wow. Either she’s right or she really thinks she’s right’ ”</p>\n<p>She frequently mentions Wright’s law, the theory that the more of something that gets produced, the faster its cost goes down. For example, the price of screening a patient’s genes for multiple cancers has fallen from $30,000 to $1,500 in five years, and should drop to $250 by 2025, ARK estimates. That would make annual genetic screenings affordable, saving 66,000 lives each year—more than “any medical intervention in history,” she says, with characteristic understatement. The same principle would slash the costs and inconveniences of transportation, as cheaper and cheaper batteries rapidly replace the internal combustion engine. ARK expects electric vehicle sales to soar from 2.2 million worldwide in 2020 to 40 million in 2025.</p>\n<p>The pandemic turned out to be the transformative crisis Wood had been predicting—at least for her investment returns. From its March 2020 low to its February 2021 peak, the ARK Innovation fund jumped more than 350%. (Even after its recent selloff, the fund is still up about 220% from then.)</p>\n<p>Nonetheless, she underestimated the virus itself. “I do think there is a lot of hysteria out there around the coronavirus,” she said during her Bloomberg visit in March 2020. Echoing Trump, she compared Covid to the flu.</p>\n<p>A month later, she worried that the federal government’s stimulus law, the $2.2 trillion Cares Act, was too generous and might hold back the economic recovery by giving workers incentives not to work. Ironically, those stimulus checks would get credit for luring a generation of young people into stock trading. And when they signed up for Robinhood accounts, or logged onto Reddit or Twitter, and started seeing performance charts, they quickly learned about ARK.</p>\n<p>Wood’s profile soared. Her Twitter following multiplied 28-fold since late 2019; she surpassed 900,000 followers after an interaction with Elon Musk’s 56 million-follower account. From a global fan base, she acquired a range of nicknames including“Money Tree”in South Korea and “The Godmother” in Hong Kong. TikTok and Twitter are full of videos and memes celebrating her as a stockpicker and a female role model. “Wherever I go in the ETF world, Cathie comes up, Cathie is always in the conversation,” Balchunas says.</p>\n<p>Her willingness to err on the side of being too early, rather than too late, has clearly hit a FOMO nerve. “I want to be part of the next Apple,” says Mark LeClair, a 43-year-old ARK investor who works in software support near Houston. He says he’s not worried about temporary drops in her funds’ share prices. “Over the next 10 years, these innovators are going to dominate these spaces, and I think Cathie is on the right track.”</p>\n<p>The investing industry’s response to ARK’s success was, of course, to copy it. Giants including BlackRock, which manages $9 trillion, launched products built around themes such as robotics and self-driving cars. MSCI, one of the largest creators of the sort of indexes that Wood has spent years critiquing, collaborated with ARK on new ones inspired by her approach.</p>\n<p>Financial advisers, tasked with steering customers to prudent investments, struggle to handle the Wood phenomenon. Earlier this year, Leon LaBrecque, chief growth officer for Sequoia Financial Group, said clients couldn’t stop asking about her, even as her performance was beginning to falter. “Everybody wants to be with the rock star,” he said. He bought shares of the ARK Innovation ETF and ARK Genomic Revolution ETF for his own portfolio in 2019. After driving a Tesla and becoming fascinated by the car, he loved the idea of investing in an ARK fund and capturing some of the benefits of Tesla without shouldering 100% of the risk. In some ways, Wood reminded him of Tesla’s CEO. “She’s got that Musk confidence,” LaBrecque said. “You listen to her and you go, ‘Wow. Either she’s right or she really thinks she’s right.’ ”</p>\n<p>But LaBrecque sold his personal ARK positions this year, saying he’s uncertain whether the company can continue growing at the rate it did in 2020. He doesn’t recommend ARK funds to clients, though he will buy shares if they specifically request it.</p>\n<p>In 2020 and early 2021, Wood and her online defenders had an easy response to detractors: Look at her record. Her 2018 prediction that Tesla would hit $4,000 a share—which much of Wall Street found laughable—came true in early 2021. When Wood first bet on Bitcoin, in 2015, the cryptocurrency traded around $230. It peaked at over $63,000 in April.</p>\n<p>Since then, Tesla has tumbled back below her 2018 target, which would now be $800 a share adjusted for a 5-for-1 stock split. As an unforgiving market has pushed ARK’s flagship fund down a third from its peak, the skeptics have gotten louder. They were especially vociferous in March when ARK unveiled its&nbsp;new price target for Tesla, a 2025 “base case” of $3,000 a share, a fivefold increase. ARK was ridiculed for, among other things, saying Tesla could elbow into the car insurance industry, building a $23 billion business in a few years—an assertion, critics said, that showed the company just didn’t understand how insurers are regulated and how much capital they require. Equally baffling to many auto experts are ARK’s projections for electric vehicles, which suppose a tenfold increase in production in just a few years, and for Tesla’s creation of an autonomous taxi network, based on a technology—driverless cars—that doesn’t really exist yet. Wood says traditional auto analysts don’t understand Tesla, which she sees as a technology company far more than a carmaker. “Tesla has pulled together the right people with the right data with the right vision,” she says.</p>\n<p>As for her crypto enthusiasms, her company projects Bitcoin will become a sizable part of mainstream portfolios, including 401(k)s and pensions. In February, Wood said Bitcoin could even replace bonds in the traditional 60/40 stock-bond portfolio—in other words, investors en masse would swap the stability of bonds for a new, untested, and highly volatile asset. That seems like a stretch, even by 2021 standards.</p>\n<p>ARK has also made some policy changes that haven’t exactly allayed concerns about Wood’s appetite for risk. It used to impose a 20% limit on the amount of a company’s shares any ARK ETF could own. It&nbsp;scrapped that cap&nbsp;in late March, giving her the flexibility to make even bolder, more concentrated bets in the future. In the same filing, ARK said it may buy into special purpose acquisition companies, or&nbsp;SPACs, the blank-check companies that have also become a stock market craze in the past year. The Securities and Exchange Commission has warned investors about buying shares of SPACs backed by celebrities, including professional athletes, and Wood has said some SPACs “are going to end badly.” In March, though, the ARK Autonomous Technology &amp; Robotics ETF (ticker ARKQ) bought shares of a SPAC&nbsp;backed by tennis star Serena Williams&nbsp;that merged with 3D-printing company Velo3D Inc. to take it public.</p>\n<p>As her returns dip, Wood has urged everyone to keep the faith. “I know there’s a lot of fear, uncertainty, and doubt evolving in the world out there,” she said in a video posted on a Friday after a particularly brutal week for her funds. Look on the bright side, she told her investors. Lower stock prices now mean even bigger returns later for companies like Tesla with—another favorite phrase—“exponential growth opportunities.”On Bloomberg TV, she said: “We keep our eye on the prize.”</p>\n<p>Wood may survive being wrong about the little things if she’s right about the big stuff. She and her clients may still make money if we really are at the beginning of a new economy that looks nothing like our pre-pandemic reality. With fears of inflation running rampant, she predicts the opposite, a sort of golden age for companies, workers, and investors. The economy can grow rapidly without triggering inflation, according to Wood, because these new technologies—batteries, DNA sequencing, robots, and others, all plunging in price—can make companies and workers so much more efficient.</p>\n<p>An economy transforming this rapidly will have plenty of victims. An ARK“&nbsp;Bad Ideas” report&nbsp;published in October listed several: physical stores and bank branches, linear TV, freight rail and other forms of traditional transportation. Almost half of the S&amp;P 500 is threatened, Wood has said. The hardest hit will be those who spent the past decade juicing earnings rather than investing in the future. “The other side of disruptive innovation is creative destruction.”</p>\n<p>Workers don’t face the same threat, says Wood, who has predicted a coming labor shortage. Technology will create vast categories of jobs that “we cannot imagine today,” she has said. Meanwhile, people will outsource tasks such as driving, grocery shopping, and food preparation to others, both robotic and human. “The more repetitive jobs are going to succumb to mechanization, and the more interesting jobs will go to human beings who will be helped by robots.”</p>\n<p>Even assuming the future she envisions does come true, she also has to be right on the timing. Epic breakthroughs can be costly and slow to deploy in the real world. “This is something that plays out over a period of decades, not months or years,” says Erik Brynjolfsson, a Stanford professor specializing in technological change. For example, it took a generation after the invention of electric motors before they became incorporated in assembly lines. And with any technological change, “it’s a lot easier to identify the companies that are vulnerable than the companies that are going to come out ahead,” Brynjolfsson says. “The winners, a lot of them, are going to come out of left field.” Meanwhile, history is full of hot investors whose luck eventually ran out.</p>\n<p>To make money on the “five-year time horizon” that she mentions at every opportunity, Wood must somehow glean what technologies, supply chains, regulations, competitive dynamics, and the broader economy will look like years into the future. But operating in the future has its advantages. Hope springs eternal. No matter what’s happening in the present—a global pandemic, for example—there’s always five years from now. Listening to her, it’s clear that technological change represents something more to Wood than an investment strategy. It’s an open question whether making money is even her primary goal. ARK, especially given its substantial startup costs, has not made her fabulously wealthy, certainly not at the scale of billionaire hedge fund managers who are far less famous.</p>\n<p>The dawning of a high-tech future is central to Wood’s life philosophy, closely connected to her religious and political views. In starting ARK, her goal was “encouraging the new creation, God’s new creation,” she said on a Christian podcast last year, by investing in “transformative technologies that were going to change the world.” The triumph of innovation also fits well with her free-market views. To a younger generation tempted by socialism, she’s hoping to show that capitalism can still work its magic.</p>\n<p>As stocks dropped and Bitcoin suffered a 30% crash on the morning of May 19, its worst decline in seven years, Wood said it “pains me more than anything” to think clients might be panicking and selling at the wrong time. Even when her funds were doing well, she said&nbsp;at a recent&nbsp;<i>Bloomberg Businessweek</i>&nbsp;event, she had tried to “stay humble,” warning colleagues that a severe correction might be ahead. Now that it had arrived, “we’re looking at this and saying innovation is on sale,” she said. “I know it’s been hard for our clients in recent months. Keep the faith.” She still expected the stocks in her portfolios to more than triple in the next five years, she assured viewers. And Bitcoin, which almost fell to $30,000 that morning? She still believed her favorite cryptocurrency could someday hit $500,000.</p>","source":"lsy1584095487587","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>Cathie Wood’s Bad Spring Is Only a Blip When the Future Is So Magnificent</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\">\nCathie Wood’s Bad Spring Is Only a Blip When the Future Is So Magnificent\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-27 18:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/features/2021-05-27/cathie-wood-is-a-believer-from-bitcoin-to-tesla-even-as-arkk-fund-stumbles?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Her flagship fund ARKK, which had a dramatic breakout during the pandemic, is way off its peak as bold bets on Tesla and Bitcoin have faltered. But for the superstar portfolio manager, there’s always ...</p>\n\n<a href=\"https://www.bloomberg.com/news/features/2021-05-27/cathie-wood-is-a-believer-from-bitcoin-to-tesla-even-as-arkk-fund-stumbles?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKQ":"ARK Autonomous Technology & Robotics ETF","ARKK":"ARK Innovation ETF","ARKO":"ARKO Corp","ARKX":"ARK Space Exploration & Innovation ETF","ARKG":"ARK Genomic Revolution ETF","ARKR":"Ark Restaurants Corp","ARKF":"ARK Fintech Innovation ETF","ARKW":"ARK Next Generation Internation ETF"},"source_url":"https://www.bloomberg.com/news/features/2021-05-27/cathie-wood-is-a-believer-from-bitcoin-to-tesla-even-as-arkk-fund-stumbles?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183505680","content_text":"Her flagship fund ARKK, which had a dramatic breakout during the pandemic, is way off its peak as bold bets on Tesla and Bitcoin have faltered. But for the superstar portfolio manager, there’s always five years from now.\nWood PHOTOGRAPHER: REED YOUNG\nIn the weirdest year of our lives, the rise of Cathie Wood is hardly the weirdest thing to happen. But still. She’s the first star in an industry, the $6.3 trillion world of exchange-traded funds, that wasn’t supposed to have any. She’s a throwback—a money manager who’s actually famous among regular investors, like Peter Lynch or Warren Buffett. And not only is she the first woman to play that role, she’s taken a throne in the pantheon of meme stock demigods, up there with the Elon Musks and shiba inus.\nWood moves stocks with her trades andher tweets. On social media and in online forums around the world, her name is synonymous with a certain brand of technophilia, an enthusiasm for the next big thing, whether that’s robotics or gene editing or digital currencies. Some of her bolder predictions forBitcoinand Tesla came true, to the shock of Wall Street analysts who found them ridiculous.\nFeatured in Bloomberg Businessweek, May 31, 2021. Subscribe now.PHOTO ILLUSTRATION BY RAD MORA; PHOTO: REED YOUNG\nThe company she founded,ARK Investment Management, went from an unprofitable niche operator to arunaway success in just a few years. Her flagship ARK Innovation fund gained almost 150% in 2020, then as much as 26% more in the new year. Droves of investors, many of them young novices, bet on Wood, pouring almost $21 billion into ARK in 2020.\nIn the depths of the pandemic, she championed a beautiful future where technology would make everything better and more profitable. It was part of a rising subculture of belief, in both technological change and financial risk-taking, that reached a fever pitch in the dark winter of 2021. Stocks soared even as the coronavirus carnage mounted: joblessness, business closures, deaths. Retail traders with stimulus checks shocked hedge funds by bidding up GameStop Corp. and other meme stocks. Wood’s swift ascent was emblematic of a struggle playing out in financial markets, where investors giddy over the promises (and entertainment value) of innovations such as cryptocurrency seemed to be winning out over skeptics. Dogecoin, created as a joke, surged 20,000%.\nSooner or later, the market was bound toturn on her. Vaccinations accelerated, and the economy reopened. Investors responded by turning from speculative high-tech stocks toward boring ones that would benefit from a broader recovery. Wood’s flagship fund gave up all its 2021 gains and then some. As broad stock indexes continued to climb, she went from having one of the best performances among money managers to losing money year-to-date. She blamed fears of inflation for sending “the innovation-oriented part of the stock market”—her bread and butter—into a correction.Tesla Inc.tumbled more than 30% from its peak, the same amount Bitcoin fell in one shocking morning in mid-May.\nWood’s always-online fans are sticking by her. Investors who poured a net $34 billion into ARK’s eight funds in the past 12 months have withdrawn only about $1.2 billion since the end of February. They’re betting that the world, emerging from Covid-19, will catch up to the future she proselytizes for. To the true believers, her sudden fame won’t be an oddball footnote in market history, like GameStop, but a forerunner to decades of glorious change. Just as Mary Meeker cheered early internet companies Yahoo! and Priceline.com as a Morgan Stanley analyst during the dot-com boom, Wood preaches a peculiarly American gospel of utopian change powered by capitalism.\nShe drives home her message with repetition. “We have a five-year investment time horizon,” she says over and over again, especially when her funds are dropping in value. Other Cathie catchphrases get emblazoned on ARK merchandise, sold to the company’s more devoted clients with all profits going to charity. A T-shirt reads “Truth Wins Out”; a baby onesie says “Invest in the Future Today.” She spreads the word in a steady stream of videos, webinars, and commentaries posted on ARK’s website, along with frequent appearances at conferences andon mediaincluding CNBC, Bloomberg TV, and a variety of investing podcasts. Despite this, ARK turned down requests for an in-depth interview for this story.\nAs Wood and her company’s research frequently remind investors, electrification, the telephone, and the internal combustion engine turned the world upside down a century ago. Now, she tells anyone who will listen,five technologies—artificial intelligence, blockchain, DNA sequencing, energy storage, and robotics—are bringing about an equally profound transformation of the economy. These innovations will converge, recombine into things like autonomous taxis and whatnot, and create a perfect economic storm of higher wages, falling prices, and wider profit margins. That leads to “virtuous cycles” of more investment in faster innovation.\nIt’s a lot. And it may be familiar to anyone who remembers that other spasm of tech-stock fever, the dot-com bubble. But Wood’s got a riff ready for that, too. “The dream was right. It was just 20 to 25 years too early,” she often says. Now, “the seeds are beginning to flourish. We are ready for prime time.”\nIn some ways, Wood is an unlikely evangelist for change. She’s 65 and conservative, both politically and economically. For decades she’s championed green investments, but she rarely uses the terms “climate change” or “clean energy.” After donating $1,000 to elect Donald Trump in 2016, she gave $25,000 to his presidential campaign and associated Republican political action committees in 2020, Federal Election Commission records show. Her mentor is Arthur Laffer, the 80-year-old economist who’s pushed his tax-cutting philosophy on Republican presidents since Ronald Reagan, ideas many modern economic thinkers blame for ballooning inequality.\nWood has bemoaned President Joe Biden’s plans to spend big and tax the wealthy, even though many of his proposals are designed to bring the economy closer to her futuristic vision for it, and though higher capital-gains taxes could push more money into tax-efficient funds like hers. She warns that higher taxes on companies and investors will discourage future innovation.\nShe surrounds herself with an unusually young and diverse team at ARK, some of whom openly disagree with her politics. Director of Research Brett Winton, whose work Wood often cites, gave $2,800 donations (the individual maximum) to Biden and other Democrats, including both of Georgia’s successful Senate candidates. About a quarter of ARK’s staff of about 35 are people of color, including the chief financial officer and chief compliance officer, who are Black men. One-third are women, and most are younger than 35. The youngest are the analysts, who produce the research that gets so much online attention for being gutsy or delusional, depending on who’s tweeting. Only a few have finance backgrounds; they’ve more likely been cancer researchers and sailboat captains. The office culture is, by all accounts, collegial, casual, and collaborative. “Cathie believes in a circle table as opposed to a rectangular table,” Kellen Carter, ARK’s chief compliance officer, told Bloomberg last year. “She wants everyone around the table offering their ideas.”\nWood can be combative, too, especially when mocking the low-effort, passive index strategies that have gained popularity at the expense of active managers like her. “Many investors appear to be afraid of companies that offer newer, faster, cheaper, and creative products and services,” says the narrator in an ARK parody of a pharmaceutical ad. “Ask your adviser today if investing in a traditional broad-based index is right for you.”\nEvery Friday morning, she convenes an investment ideas meeting with her analysts and outside experts that’s part business school seminar and part free-form futurist bull session. They’re “a wind tunnel for the analysts,” allowing them to test assumptions and defend themselves against critics, says David Bodde, a retired engineering professor who’s been attending them for years. “The lovely thing about it is you don’t have to talk the party line. You can say things that are heretical.” But Wood’s techno-utopianism comes through loud and clear, occasionally to a degree that surprises her employees. “I thought I was a tech obsessive,” said James Wang, who was until February ARK’s artificial intelligence analyst, last year. “Cathie, it turns out, is even more aggressive than I am in imagining future outcomes. She sees things management itself hasn’t even considered.”\nBy her own description, Wood spent her childhood as “a very serious little girl.” Her parents, Gerald and Mary Duddy, immigrated to the U.S. from Ireland. Gerald worked on military radar systems, and so Cathie, the oldest of four children, grew up on U.S. Air Force bases in England, Ireland, Alabama, upstate New York, and California. Her father’s interest in technology and investing made an impression on her.\nShe got to know Laffer at the University of Southern California, where she majored in finance and economics and he was a professor of graduate-level classes. “You could tell there wasn’t a lot that was going to get in her way,” he says. Wood graduated summa cum laude in 1981, and Laffer helped her land a job at Capital Group in Los Angeles as an assistant economist. He soon introduced her to Jennison Associates—“where I effectively grew up,” she has said. She joined AllianceBernstein Holding LP in 2001, where she oversaw more than $5 billion focused on innovative growth investments. Then as now, Wood’s fund was volatile, causing rifts with the company’s distribution teams, who at times found the performance hard to sell.\nAt AllianceBernstein, she first hit on the idea that would transform her career.Exchange-traded funds, or ETFs, are mutual funds that trade throughout the day like stocks. Their flexible, tax-efficient structure allows anyone to buy in, with shares that can be created depending on demand. They’re typically fully transparent, eliminating any confusion around why prices are going up or down, and based on a set list of investments rather than the judgment of a human manager.\nThe ETF boom was just beginning when Wood suggested AllianceBernstein introduce its own, with a twist: an ETF that would be actively managed. The idea never went anywhere because, she said later, executives “weren’t quite sure what it would mean for their business model.” For one thing, ETFs, which usually have lower fees, could have created cheaper competition for the company’s existing mutual funds. AllianceBernstein declined to comment.\nBy 2014, Wood had left and started her company, ARK. The name officially stands for Active Research Knowledge, though she has also said it’s inspired by the Old Testament Ark of the Covenant. The early years were rough. Wood, then 58 and not well known, financed the company out of her life savings, and had a hard time finding investors willing to take a chance on an actively managed ETF. “When I first met her a couple months before she launched, I was sure she would be gone within a year or two,” says Bloomberg Intelligence ETF analyst Eric Balchunas. The inherent transparency of ETFs didn’t help the pitch: Wall Street traders typically guard their brilliant investment ideas like the crown jewels. With ARK, any investor can see what Wood’s funds own and copy her ideas day by day.\nA rare source of capital was her friend Bill Hwang, a hedge fund trader and fellow Christian who had founded his family office, Archegos Capital Management, a year before she started ARK. She and Hwang met in 2013 when both were advisers to Financial Services Ministry, a group for Christians in finance affiliated with New York’s Redeemer Presbyterian Church. They swapped stock tips, and, according to Wood, he was “very intrigued” by her plans to start ARK. The ARK Innovation ETF debuted in October 2014, along with specialized funds focusing on autonomous technology and robotics, the internet, and genomics. Hwang provided seed capital for all four. His risky bets caused Archegos and his $20 billion fortune toimplode in a couple daysin late March 2021.\nARK eventually stopped losing money for Wood, posting strong if volatile returns from 2017 through 2019. But few investors paid much attention—until last spring.\nCathie Wood’s ETFs\n\nWood had been preparing for something like the pandemic for a long time. “The best thing that can happen for us—and this is going to sound odd—is a crisis,” she said on a podcast in February 2019. “It’s usually when innovation takes root and gains traction.” Previous crises had taught her that fearful and uncertain consumers and companies are willing to try new things. She was optimistic even during the financial crisis, according to a former colleague at AllianceBernstein who spoke on the condition of anonymity. The disruptions of the 2007-09 recession ultimately boosted some of her favorite stocks then, such as Salesforce.com Inc. and Amazon.com Inc.\nWhen Wood stopped by Bloomberg’s New York headquarters on March 9, 2020, Covid cases were spreading exponentially. Stock indexes crashed 8%, the biggest one-day drop since 2008. But she was confident about what it all meant: Biotech holdings would get a lift, she said, along with Illumina Inc., a long-standing holding that makes gene-sequencing technology. Worries about international supply chains would finally popularize 3D printing, after decades of predictions that it was about to take off.\nWhat’s remarkable, looking back, is how much pre-Covid Cathie Wood sounds like herself today. She sticks to the same talking points in interviews years apart. Her vision of the future hasn’t appreciably changed, even if her timeline has accelerated.\n“You listen to her and you go, ‘Wow. Either she’s right or she really thinks she’s right’ ”\nShe frequently mentions Wright’s law, the theory that the more of something that gets produced, the faster its cost goes down. For example, the price of screening a patient’s genes for multiple cancers has fallen from $30,000 to $1,500 in five years, and should drop to $250 by 2025, ARK estimates. That would make annual genetic screenings affordable, saving 66,000 lives each year—more than “any medical intervention in history,” she says, with characteristic understatement. The same principle would slash the costs and inconveniences of transportation, as cheaper and cheaper batteries rapidly replace the internal combustion engine. ARK expects electric vehicle sales to soar from 2.2 million worldwide in 2020 to 40 million in 2025.\nThe pandemic turned out to be the transformative crisis Wood had been predicting—at least for her investment returns. From its March 2020 low to its February 2021 peak, the ARK Innovation fund jumped more than 350%. (Even after its recent selloff, the fund is still up about 220% from then.)\nNonetheless, she underestimated the virus itself. “I do think there is a lot of hysteria out there around the coronavirus,” she said during her Bloomberg visit in March 2020. Echoing Trump, she compared Covid to the flu.\nA month later, she worried that the federal government’s stimulus law, the $2.2 trillion Cares Act, was too generous and might hold back the economic recovery by giving workers incentives not to work. Ironically, those stimulus checks would get credit for luring a generation of young people into stock trading. And when they signed up for Robinhood accounts, or logged onto Reddit or Twitter, and started seeing performance charts, they quickly learned about ARK.\nWood’s profile soared. Her Twitter following multiplied 28-fold since late 2019; she surpassed 900,000 followers after an interaction with Elon Musk’s 56 million-follower account. From a global fan base, she acquired a range of nicknames including“Money Tree”in South Korea and “The Godmother” in Hong Kong. TikTok and Twitter are full of videos and memes celebrating her as a stockpicker and a female role model. “Wherever I go in the ETF world, Cathie comes up, Cathie is always in the conversation,” Balchunas says.\nHer willingness to err on the side of being too early, rather than too late, has clearly hit a FOMO nerve. “I want to be part of the next Apple,” says Mark LeClair, a 43-year-old ARK investor who works in software support near Houston. He says he’s not worried about temporary drops in her funds’ share prices. “Over the next 10 years, these innovators are going to dominate these spaces, and I think Cathie is on the right track.”\nThe investing industry’s response to ARK’s success was, of course, to copy it. Giants including BlackRock, which manages $9 trillion, launched products built around themes such as robotics and self-driving cars. MSCI, one of the largest creators of the sort of indexes that Wood has spent years critiquing, collaborated with ARK on new ones inspired by her approach.\nFinancial advisers, tasked with steering customers to prudent investments, struggle to handle the Wood phenomenon. Earlier this year, Leon LaBrecque, chief growth officer for Sequoia Financial Group, said clients couldn’t stop asking about her, even as her performance was beginning to falter. “Everybody wants to be with the rock star,” he said. He bought shares of the ARK Innovation ETF and ARK Genomic Revolution ETF for his own portfolio in 2019. After driving a Tesla and becoming fascinated by the car, he loved the idea of investing in an ARK fund and capturing some of the benefits of Tesla without shouldering 100% of the risk. In some ways, Wood reminded him of Tesla’s CEO. “She’s got that Musk confidence,” LaBrecque said. “You listen to her and you go, ‘Wow. Either she’s right or she really thinks she’s right.’ ”\nBut LaBrecque sold his personal ARK positions this year, saying he’s uncertain whether the company can continue growing at the rate it did in 2020. He doesn’t recommend ARK funds to clients, though he will buy shares if they specifically request it.\nIn 2020 and early 2021, Wood and her online defenders had an easy response to detractors: Look at her record. Her 2018 prediction that Tesla would hit $4,000 a share—which much of Wall Street found laughable—came true in early 2021. When Wood first bet on Bitcoin, in 2015, the cryptocurrency traded around $230. It peaked at over $63,000 in April.\nSince then, Tesla has tumbled back below her 2018 target, which would now be $800 a share adjusted for a 5-for-1 stock split. As an unforgiving market has pushed ARK’s flagship fund down a third from its peak, the skeptics have gotten louder. They were especially vociferous in March when ARK unveiled its new price target for Tesla, a 2025 “base case” of $3,000 a share, a fivefold increase. ARK was ridiculed for, among other things, saying Tesla could elbow into the car insurance industry, building a $23 billion business in a few years—an assertion, critics said, that showed the company just didn’t understand how insurers are regulated and how much capital they require. Equally baffling to many auto experts are ARK’s projections for electric vehicles, which suppose a tenfold increase in production in just a few years, and for Tesla’s creation of an autonomous taxi network, based on a technology—driverless cars—that doesn’t really exist yet. Wood says traditional auto analysts don’t understand Tesla, which she sees as a technology company far more than a carmaker. “Tesla has pulled together the right people with the right data with the right vision,” she says.\nAs for her crypto enthusiasms, her company projects Bitcoin will become a sizable part of mainstream portfolios, including 401(k)s and pensions. In February, Wood said Bitcoin could even replace bonds in the traditional 60/40 stock-bond portfolio—in other words, investors en masse would swap the stability of bonds for a new, untested, and highly volatile asset. That seems like a stretch, even by 2021 standards.\nARK has also made some policy changes that haven’t exactly allayed concerns about Wood’s appetite for risk. It used to impose a 20% limit on the amount of a company’s shares any ARK ETF could own. It scrapped that cap in late March, giving her the flexibility to make even bolder, more concentrated bets in the future. In the same filing, ARK said it may buy into special purpose acquisition companies, or SPACs, the blank-check companies that have also become a stock market craze in the past year. The Securities and Exchange Commission has warned investors about buying shares of SPACs backed by celebrities, including professional athletes, and Wood has said some SPACs “are going to end badly.” In March, though, the ARK Autonomous Technology & Robotics ETF (ticker ARKQ) bought shares of a SPAC backed by tennis star Serena Williams that merged with 3D-printing company Velo3D Inc. to take it public.\nAs her returns dip, Wood has urged everyone to keep the faith. “I know there’s a lot of fear, uncertainty, and doubt evolving in the world out there,” she said in a video posted on a Friday after a particularly brutal week for her funds. Look on the bright side, she told her investors. Lower stock prices now mean even bigger returns later for companies like Tesla with—another favorite phrase—“exponential growth opportunities.”On Bloomberg TV, she said: “We keep our eye on the prize.”\nWood may survive being wrong about the little things if she’s right about the big stuff. She and her clients may still make money if we really are at the beginning of a new economy that looks nothing like our pre-pandemic reality. With fears of inflation running rampant, she predicts the opposite, a sort of golden age for companies, workers, and investors. The economy can grow rapidly without triggering inflation, according to Wood, because these new technologies—batteries, DNA sequencing, robots, and others, all plunging in price—can make companies and workers so much more efficient.\nAn economy transforming this rapidly will have plenty of victims. An ARK“ Bad Ideas” report published in October listed several: physical stores and bank branches, linear TV, freight rail and other forms of traditional transportation. Almost half of the S&P 500 is threatened, Wood has said. The hardest hit will be those who spent the past decade juicing earnings rather than investing in the future. “The other side of disruptive innovation is creative destruction.”\nWorkers don’t face the same threat, says Wood, who has predicted a coming labor shortage. Technology will create vast categories of jobs that “we cannot imagine today,” she has said. Meanwhile, people will outsource tasks such as driving, grocery shopping, and food preparation to others, both robotic and human. “The more repetitive jobs are going to succumb to mechanization, and the more interesting jobs will go to human beings who will be helped by robots.”\nEven assuming the future she envisions does come true, she also has to be right on the timing. Epic breakthroughs can be costly and slow to deploy in the real world. “This is something that plays out over a period of decades, not months or years,” says Erik Brynjolfsson, a Stanford professor specializing in technological change. For example, it took a generation after the invention of electric motors before they became incorporated in assembly lines. And with any technological change, “it’s a lot easier to identify the companies that are vulnerable than the companies that are going to come out ahead,” Brynjolfsson says. “The winners, a lot of them, are going to come out of left field.” Meanwhile, history is full of hot investors whose luck eventually ran out.\nTo make money on the “five-year time horizon” that she mentions at every opportunity, Wood must somehow glean what technologies, supply chains, regulations, competitive dynamics, and the broader economy will look like years into the future. But operating in the future has its advantages. Hope springs eternal. No matter what’s happening in the present—a global pandemic, for example—there’s always five years from now. Listening to her, it’s clear that technological change represents something more to Wood than an investment strategy. It’s an open question whether making money is even her primary goal. ARK, especially given its substantial startup costs, has not made her fabulously wealthy, certainly not at the scale of billionaire hedge fund managers who are far less famous.\nThe dawning of a high-tech future is central to Wood’s life philosophy, closely connected to her religious and political views. In starting ARK, her goal was “encouraging the new creation, God’s new creation,” she said on a Christian podcast last year, by investing in “transformative technologies that were going to change the world.” The triumph of innovation also fits well with her free-market views. To a younger generation tempted by socialism, she’s hoping to show that capitalism can still work its magic.\nAs stocks dropped and Bitcoin suffered a 30% crash on the morning of May 19, its worst decline in seven years, Wood said it “pains me more than anything” to think clients might be panicking and selling at the wrong time. Even when her funds were doing well, she said at a recent Bloomberg Businessweek event, she had tried to “stay humble,” warning colleagues that a severe correction might be ahead. Now that it had arrived, “we’re looking at this and saying innovation is on sale,” she said. “I know it’s been hard for our clients in recent months. Keep the faith.” She still expected the stocks in her portfolios to more than triple in the next five years, she assured viewers. And Bitcoin, which almost fell to $30,000 that morning? She still believed her favorite cryptocurrency could someday hit $500,000.","news_type":1},"isVote":1,"tweetType":1,"viewCount":16,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":333367762,"gmtCreate":1609176440056,"gmtModify":1704977741625,"author":{"id":"3558143787814290","authorId":"3558143787814290","name":"Billon","avatar":"https://static.tigerbbs.com/92930653067c5a7e4656926dfd3f9be5","crmLevel":4,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3558143787814290","authorIdStr":"3558143787814290"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ACY\">$AeroCentury(ACY)$</a>This trade suspended for so many times!","listText":"<a href=\"https://laohu8.com/S/ACY\">$AeroCentury(ACY)$</a>This trade suspended for so many times!","text":"$AeroCentury(ACY)$This trade suspended for so many times!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/333367762","isVote":1,"tweetType":1,"viewCount":1488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}