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Liquidity Is Evaporating Even Before Fed Taper Hits Markets
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2021-07-12
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22:51","market":"us","language":"en","title":"Liquidity Is Evaporating Even Before Fed Taper Hits Markets","url":"https://stock-news.laohu8.com/highlight/detail?id=1162909242","media":"Bloomberg","summary":"A measure of U.S. financial liquidity whose declines foreshadowed two of the decade’s worst equity r","content":"<p>A measure of U.S. financial liquidity whose declines foreshadowed two of the decade’s worst equity routs is flashing alarms even before the Federal Reserve embarks on its planned winding down of asset purchases.</p>\n<p>The signal is obscure, but has sent meaningful signs in the past. Roughly speaking, it’s the gap between the rates of growth in money supply and gross domestic product, an indicator known to eco-geeks as Marshallian K. It just turned negative for the first time since 2018, meaning GDP is rising faster than the government’s M2 account.</p>\n<p>The shortfall comes from an expanding economy that’s quickly depleting the nation’s available money. The deficit could become a problem for markets at a time when excess liquidity is seen as underpinning rallies in everything from Bitcoin to meme stocks.</p>\n<p>“Put another way, the recovering economy is now drinking from a punch bowl that the stock market once had all to itself,” Doug Ramsey, Leuthold Group’s chief investment officer, wrote in a note last week.</p>\n<p>How big a threat is this? While stocks kept rising during frequent negative Marshallian K readings in the 1990s, the pattern since the 2008 global financial crisis -- a period when the central bank was in what Ramsey calls a “perpetual crisis mode” -- begs for caution.</p>\n<p><img src=\"https://static.tigerbbs.com/29bd13488ad9f3e748da28092473f23e\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>The Marshallian K fell below zero in 2010, a year when the S&P 500 Index suffered a 16% correction. A similar dip in 2018 portended a selloff that almost killed that bull market.</p>\n<p>The Leuthold study is the latest attempt to handicap the market’s outlook from the perspective of liquidity. But not everyone is worried. Ed Yardeni, the president and founder of Yardeni Research Inc., says he prefers to plot not the growth rates but the absolute level of M2 against GDP to measure liquidity. Based on that, liquidity stood near a record high.</p>\n<p>“Some people start to freak out about the M2 growth rate,” he said in an interview on Bloomberg TV and Radio. “What they don’t really appreciate is M2 today is $5 trillion higher than it was before the pandemic. There is just a tremendous liquidity sitting there.”</p>\n<p>Others see limited impact from Fed tapering on the equity market. In June,researchfrom UBS Group AG showed that should the Fed turn off the spigot on its annual $1.4 trillion in quantitative-easing spending, the hit to the S&P 500 would be a paltry 3% decline in prices.</p>\n<p>In 2013, when the Fed’s announcement on a reduction in stimulus sparked ataper tantrumthat sent 10-year Treasury yields skyward, the S&P 500 pulled back almost 6% from its May peak that year. But stocks staged a full recovery within weeks and went on with a rally that eventually lifted the index 30% for the whole year.</p>\n<p>Skeptics, however, are quick to point out one big difference: equity valuations.</p>\n<p>“Back then, the stock market was trading at 15 times earnings. Now it’s 22 times earnings,” Matt Maley, chief market strategist for Miller Tabak + Co., said in an interview on Bloomberg TV with Caroline Hyde. “It will be hard for the market to ignore it this time around.”</p>\n<p><img src=\"https://static.tigerbbs.com/37c0e312361e509a3fc0e8bfb3d9c649\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<p>For now, a liquidity drain suggested by the Marshallian K data has done little damage to the market, at least on the index level. The S&P 500 is poised for a seventh straight monthly gain, reaching all-time highs almost every week.</p>\n<p>But Ramsey warns investors shouldn’t let their guard down. While the broad market has been strong -- the S&P 500 closed Wednesday at a record for the 46th time this year -- fewer stocks are participating in the latest leg up. This could be blamed on falling liquidity, he says, and the days of abundant cash floating all stocks are likely gone.</p>\n<p>The Marshallian K indicator just slumped intonegative territoryfaster than ever. During the second quarter, M2 money expanded 12.7% from a year ago, trailing the nominal GDP growth rate of 16.7%. That came after four quarters of excessive liquidity where the spread stayed above 20 percentage points.</p>\n<p>“The Marshallian K now shows liquidity not only deteriorating but actually contracting -- and at a time when hopes (as embedded in valuations) have never been higher,” Ramsey said. “If the Fed can drawdown QE in the next year without triggering a decline of those levels, it will truly have achieved something remarkable. But we’d rather invest based on the probable.”</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>Liquidity Is Evaporating Even Before Fed Taper Hits Markets</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\">\nLiquidity Is Evaporating Even Before Fed Taper Hits Markets\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-12 22:51 GMT+8 <a href=https://www.bloomberg.com/news/articles/2021-08-11/liquidity-is-evaporating-even-before-the-fed-taper-hits-markets><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A measure of U.S. financial liquidity whose declines foreshadowed two of the decade’s worst equity routs is flashing alarms even before the Federal Reserve embarks on its planned winding down of asset...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-08-11/liquidity-is-evaporating-even-before-the-fed-taper-hits-markets\">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",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.bloomberg.com/news/articles/2021-08-11/liquidity-is-evaporating-even-before-the-fed-taper-hits-markets","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162909242","content_text":"A measure of U.S. financial liquidity whose declines foreshadowed two of the decade’s worst equity routs is flashing alarms even before the Federal Reserve embarks on its planned winding down of asset purchases.\nThe signal is obscure, but has sent meaningful signs in the past. Roughly speaking, it’s the gap between the rates of growth in money supply and gross domestic product, an indicator known to eco-geeks as Marshallian K. It just turned negative for the first time since 2018, meaning GDP is rising faster than the government’s M2 account.\nThe shortfall comes from an expanding economy that’s quickly depleting the nation’s available money. The deficit could become a problem for markets at a time when excess liquidity is seen as underpinning rallies in everything from Bitcoin to meme stocks.\n“Put another way, the recovering economy is now drinking from a punch bowl that the stock market once had all to itself,” Doug Ramsey, Leuthold Group’s chief investment officer, wrote in a note last week.\nHow big a threat is this? While stocks kept rising during frequent negative Marshallian K readings in the 1990s, the pattern since the 2008 global financial crisis -- a period when the central bank was in what Ramsey calls a “perpetual crisis mode” -- begs for caution.\n\nThe Marshallian K fell below zero in 2010, a year when the S&P 500 Index suffered a 16% correction. A similar dip in 2018 portended a selloff that almost killed that bull market.\nThe Leuthold study is the latest attempt to handicap the market’s outlook from the perspective of liquidity. But not everyone is worried. Ed Yardeni, the president and founder of Yardeni Research Inc., says he prefers to plot not the growth rates but the absolute level of M2 against GDP to measure liquidity. Based on that, liquidity stood near a record high.\n“Some people start to freak out about the M2 growth rate,” he said in an interview on Bloomberg TV and Radio. “What they don’t really appreciate is M2 today is $5 trillion higher than it was before the pandemic. There is just a tremendous liquidity sitting there.”\nOthers see limited impact from Fed tapering on the equity market. In June,researchfrom UBS Group AG showed that should the Fed turn off the spigot on its annual $1.4 trillion in quantitative-easing spending, the hit to the S&P 500 would be a paltry 3% decline in prices.\nIn 2013, when the Fed’s announcement on a reduction in stimulus sparked ataper tantrumthat sent 10-year Treasury yields skyward, the S&P 500 pulled back almost 6% from its May peak that year. But stocks staged a full recovery within weeks and went on with a rally that eventually lifted the index 30% for the whole year.\nSkeptics, however, are quick to point out one big difference: equity valuations.\n“Back then, the stock market was trading at 15 times earnings. Now it’s 22 times earnings,” Matt Maley, chief market strategist for Miller Tabak + Co., said in an interview on Bloomberg TV with Caroline Hyde. “It will be hard for the market to ignore it this time around.”\n\nFor now, a liquidity drain suggested by the Marshallian K data has done little damage to the market, at least on the index level. The S&P 500 is poised for a seventh straight monthly gain, reaching all-time highs almost every week.\nBut Ramsey warns investors shouldn’t let their guard down. While the broad market has been strong -- the S&P 500 closed Wednesday at a record for the 46th time this year -- fewer stocks are participating in the latest leg up. This could be blamed on falling liquidity, he says, and the days of abundant cash floating all stocks are likely gone.\nThe Marshallian K indicator just slumped intonegative territoryfaster than ever. During the second quarter, M2 money expanded 12.7% from a year ago, trailing the nominal GDP growth rate of 16.7%. That came after four quarters of excessive liquidity where the spread stayed above 20 percentage points.\n“The Marshallian K now shows liquidity not only deteriorating but actually contracting -- and at a time when hopes (as embedded in valuations) have never been higher,” Ramsey said. “If the Fed can drawdown QE in the next year without triggering a decline of those levels, it will truly have achieved something remarkable. But we’d rather invest based on the probable.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":184,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":142061073,"gmtCreate":1626104557992,"gmtModify":1703753572053,"author":{"id":"3568438494060218","authorId":"3568438494060218","name":"ongxiaoyun","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/142061073","repostId":"1157757312","repostType":4,"isVote":1,"tweetType":1,"viewCount":146,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148314820,"gmtCreate":1625930150160,"gmtModify":1703750998031,"author":{"id":"3568438494060218","authorId":"3568438494060218","name":"ongxiaoyun","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/148314820","repostId":"2150379822","repostType":4,"isVote":1,"tweetType":1,"viewCount":130,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148314021,"gmtCreate":1625930075463,"gmtModify":1703750997708,"author":{"id":"3568438494060218","authorId":"3568438494060218","name":"ongxiaoyun","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/148314021","repostId":"1142328952","repostType":4,"isVote":1,"tweetType":1,"viewCount":167,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":894908506,"gmtCreate":1628780434405,"gmtModify":1676529853932,"author":{"id":"3568438494060218","authorId":"3568438494060218","name":"ongxiaoyun","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/894908506","repostId":"1162909242","repostType":4,"isVote":1,"tweetType":1,"viewCount":184,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":142061073,"gmtCreate":1626104557992,"gmtModify":1703753572053,"author":{"id":"3568438494060218","authorId":"3568438494060218","name":"ongxiaoyun","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/142061073","repostId":"1157757312","repostType":4,"repost":{"id":"1157757312","pubTimestamp":1626101712,"share":"https://www.laohu8.com/m/news/1157757312?lang=&edition=full","pubTime":"2021-07-12 22:55","market":"us","language":"en","title":"Goldman says bet on these stocks with expanding profitability into earnings season","url":"https://stock-news.laohu8.com/highlight/detail?id=1157757312","media":"CNBC","summary":"As the second-quarter earnings season kicks off, Goldman Sachs says investors should focus on compan","content":"<div>\n<p>As the second-quarter earnings season kicks off, Goldman Sachs says investors should focus on companies that have been able to defend profits by raising prices and passing higher costs to customers.\n...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/12/stocks-to-buy-goldman-says-bet-on-these-stocks-with-rising-profitability.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>Goldman says bet on these stocks with expanding profitability into earnings season</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; 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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\">\nGoldman says bet on these stocks with expanding profitability into earnings season\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-12 22:55 GMT+8 <a href=https://www.cnbc.com/2021/07/12/stocks-to-buy-goldman-says-bet-on-these-stocks-with-rising-profitability.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>As the second-quarter earnings season kicks off, Goldman Sachs says investors should focus on companies that have been able to defend profits by raising prices and passing higher costs to customers.\n...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/12/stocks-to-buy-goldman-says-bet-on-these-stocks-with-rising-profitability.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FCX":"麦克莫兰铜金","NEM":"纽曼矿业"},"source_url":"https://www.cnbc.com/2021/07/12/stocks-to-buy-goldman-says-bet-on-these-stocks-with-rising-profitability.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1157757312","content_text":"As the second-quarter earnings season kicks off, Goldman Sachs says investors should focus on companies that have been able to defend profits by raising prices and passing higher costs to customers.\nOn the surface, this is slated to be a stellar earnings season with profits for S&P 500 companies expected to jump 65% from the same quarter a year ago in the depths of the pandemic, according to Refinitiv. However, Goldman noted that the median stock is only forecast to grow earnings by 24%, and many companies are expected to feel the pain from higher inflation.\n“Global shipping woes, raw material inflation as well as acute shortages in both labor and semiconductors have combined to increase costs for companies across the economy,” David Kostin, Goldman’s head of U.S. equity strategy, said in a note.\nThe S&P 500 has climbed to multiple records with a 16% rally in 2021, shaking off fears that the economic recovery might be slowing down and that the Federal Reserve might start tightening ultra-easy monetary policy. Many on Wall Street believe the second half of the year will be much choppier and investors should take a more selective approach.\nIn this inflationary environment, companies with the highest profit margins have started to outperform, according to Goldman.\n“Investors have started to reward companies with attractive margin profiles,” Kostin said. “Our valuation model shows than profit margins are the second most important driver of company valuations today, behind only equity duration.”\n\nTo identify stocks with expanding profitability, Goldman screened S&P 500 companies with above-average net margins, realized margin growth of 50 basis points or more in 2020, and expected margin growth of 50 basis points for more in each of the next two years.\nThe median stock in the basket has a net margin of 26% in 2021, versus 13% for a typical S&P 500 stock. Meanwhile, the median stock in the screen is also expected to grow margins by 306 basis points through 2022, compared to 156 basis points for the median S&P 500 stock.\nThe list features a slew of semiconductor companies includingTexas Instruments,Broadcom,Analog DevicesandMicrochip Technology. Many chip companies are benefiting from surging demand among smartphone makers, auto companies and gaming firms amid a global shortage.\nMining companies Newmont Corp.and Freeport-McMoRan were also highlighted by Goldman, as well as railroad company Union Pacific.","news_type":1},"isVote":1,"tweetType":1,"viewCount":146,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":894907811,"gmtCreate":1628780595633,"gmtModify":1676529854042,"author":{"id":"3568438494060218","authorId":"3568438494060218","name":"ongxiaoyun","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/894907811","repostId":"1163871448","repostType":4,"isVote":1,"tweetType":1,"viewCount":95,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148314021,"gmtCreate":1625930075463,"gmtModify":1703750997708,"author":{"id":"3568438494060218","authorId":"3568438494060218","name":"ongxiaoyun","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/148314021","repostId":"1142328952","repostType":4,"isVote":1,"tweetType":1,"viewCount":167,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839422583,"gmtCreate":1629175743342,"gmtModify":1676529954409,"author":{"id":"3568438494060218","authorId":"3568438494060218","name":"ongxiaoyun","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/839422583","repostId":"2159222279","repostType":4,"isVote":1,"tweetType":1,"viewCount":87,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148314820,"gmtCreate":1625930150160,"gmtModify":1703750998031,"author":{"id":"3568438494060218","authorId":"3568438494060218","name":"ongxiaoyun","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/148314820","repostId":"2150379822","repostType":4,"isVote":1,"tweetType":1,"viewCount":130,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}