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HarimauZack

HarimauZack

Mid-tem and long-tem investor

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2021-03-30

$ARK Fintech Innovation ETF(ARKF)$saddddd

2021-03-30

Great to view

ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits

2021-03-20

Yesss

Sorry, the original content has been removed

2021-03-20

Nicee

Is Now The Time To Buy Stock In Nike, Nokia, Facebook, Amazon Or Disney?

2021-03-20

Nice to read

Sorry, the original content has been removed

2021-03-20

Niceee

Powell says Fed will keep supporting economy ‘for as long as it takes’

2021-03-16

Nicee

2021-03-16

$ARK Fintech Innovation ETF(ARKF)$nicee

2021-03-16

Nicre good

Sorry, the original content has been removed

2021-03-16

Yes is it correct

AMC pulls back 10% after big Monday gain; Cinemas, Reddit stocks slip

2021-03-16

ok great

Larry McDonald Warns "The Big [Market] Quake Is Coming"

2021-03-15

Nicceeee

Lilly's stock is down after sharing additional clinical data about its Alzheimer's disease drug candidate

2021-03-15

Omggg

This is when to sell cyclical winners and buy back tech stocks, JPMorgan says

2021-03-15

$ARK Fintech Innovation ETF(ARKF)$niceee

2021-03-15

$ARK Fintech Innovation ETF(ARKF)$haha

2021-03-15

Buy it

2021-03-15

Niiiiiceee

@小虎活动:【有獎競猜】預測恆生科技主連一週漲跌幅！

2021-03-10

Amazinggg

Wednesday’s Treasury bond auction could make or break the stock market

2021-03-10

Hiii

Wednesday’s Treasury bond auction could make or break the stock market

2021-03-10

$Taiwan Semiconductor Manufacturing(TSM)$niceeee

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href=\"https://laohu8.com/S/ARKF\">$ARK Fintech Innovation ETF(ARKF)$</a>saddddd","listText":"<a href=\"https://laohu8.com/S/ARKF\">$ARK Fintech Innovation ETF(ARKF)$</a>saddddd","text":"$ARK Fintech Innovation ETF(ARKF)$saddddd","images":[{"img":"https://static.tigerbbs.com/086699212541b1da062bd9811399da31","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/355110266","isVote":1,"tweetType":1,"viewCount":469,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":355110128,"gmtCreate":1617034173664,"gmtModify":1704801215336,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"Great to view","listText":"Great to view","text":"Great to view","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/355110128","repostId":"1108487611","repostType":4,"repost":{"id":"1108487611","kind":"news","pubTimestamp":1617030137,"share":"https://ttm.financial/m/news/1108487611?lang=&edition=fundamental","pubTime":"2021-03-29 23:02","market":"us","language":"en","title":"ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits","url":"https://stock-news.laohu8.com/highlight/detail?id=1108487611","media":"zerohedge","summary":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.A","content":"<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.</p>\n<p>Now, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.</p>\n<p>ARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by&nbsp;@syouth1 on Twitterover the weekend.</p>\n<p><img src=\"https://static.tigerbbs.com/b33212d1be9470754b1d7207c20f1b74\" tg-width=\"469\" tg-height=\"694\">As the tweet notes, the new ARKSEC filing&nbsp;does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".</p>\n<blockquote>\n <i>Special Purpose Acquisition Companies (SPACs)</i>. The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n</blockquote>\n<p>But then the filing gets<i>very</i>interesting - language is removed that allows ARK funds to take&nbsp;<i>even larger</i>concentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.</p>\n<p>The amendment&nbsp;removes&nbsp;ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.</p>\n<p><img src=\"https://static.tigerbbs.com/2bce1e8e9b6703975f8c9e2d9074a96d\" tg-width=\"500\" tg-height=\"121\">On top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's&nbsp;total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.</p>\n<p><img src=\"https://static.tigerbbs.com/cce6710dda8e17521ae59148059b26a1\" tg-width=\"500\" tg-height=\"205\">The amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.</p>\n<p>Obviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.</p>\n<p>But for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.</p>\n<p></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>ARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits</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\">\nARK Funds Amend ETF Prospectus To Remove Investment Concentration Limits\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-29 23:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/ark-funds-amend-etf-prospectus-remove-investment-concentration-limits?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108487611","content_text":"We have been following the volatility with flows in and out of ARK Funds over the last few months, make note of Cathie Wood's performance and \"proprietary\" investing style as the NASDAQ has whipsawed back and forth for the better part of 2021.\nNow, it looks like ARK is making some changes in its disclosures commensurate with its recent \"active investing style\", wherein it has been rotating out of large cap tech names and into smaller, more speculative names, especially in its ARKK flagship fund.\nARK funds filed an amendment to its prospectuses for its ETFs on Friday, making some little recognized changes that were caught by @syouth1 on Twitterover the weekend.\nAs the tweet notes, the new ARKSEC filing does several things. First, on a perfunctory note, it specifies risks related to investing in SPACs, noting that they are \"subject to a variety of risks beyond those associated with other equity securities\".\n\nSpecial Purpose Acquisition Companies (SPACs). The Fund may invest in stock of, warrants to purchase stock of, and other interests in SPACs or similar special purposes entities. A SPAC is a publicly traded company that raises investment capital for the purpose of acquiring or merging with an existing company. Investments in SPACs and similar entities are subject to a variety of risks beyond those associated with other equity securities. Because SPACs and similar entities do not have any operating history or ongoing business other than seeking acquisitions, the value of their securities is particularly dependent on the ability of the SPAC’s management to identify a merger target and complete an acquisition. Until an acquisition or merger is completed, a SPAC generally invests its assets, less a portion retained to cover expenses, in U.S. government securities, money market securities and cash and does not typically pay dividends in respect of its common stock. As a result, it is possible that an investment in a SPAC may lose value.\n\nBut then the filing getsveryinteresting - language is removed that allows ARK funds to take even largerconcentrations in names - in addition to over-the-counter traded ADRs, which are notoriously riskier products than normal equity.\nThe amendment removes ARK's limit to invest 10% of its total assets in any active fund in ADRs that are traded over-the-counter.\nOn top of that, the amended prospectus removes language that formerly limited ARK to investing no more than 30% of a fund's total assets into securities issued by a single company. Another \"rule\" removed was language preventing ARK from investing in more than 20% of a company's total outstanding shares.\nThe amendments portend ARK piling further into concentrated, high-risk names that dominate their respective funds. Wood's recent rotation out of big cap names like Microsoft and into \"speculative\" smaller cap companies like Workhorse and Vuzix has made it clear that the firm's appetite for risk continues to grow as NASDAQ volatility continues.\nObviously, if a pin is finally going to prick the NASDAQ gamma bubble that has blown up over the last 12 months, the higher Wood's concentration in speculative names, the more spectacular a crash would be for ARK funds.\nBut for now, ARK continues to hold up - we noted itwill be launchingits Space ETF as soon as this week. And despite noting that theNASDAQ gamma squeezeappears to be over, Wood and her team seem hell bent on continuing to tempt fate. We'll keep a close eye on the situation going forward.","news_type":1},"isVote":1,"tweetType":1,"viewCount":191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350481392,"gmtCreate":1616252675116,"gmtModify":1704792492658,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"Yesss","listText":"Yesss","text":"Yesss","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/350481392","repostId":"1197492329","repostType":4,"isVote":1,"tweetType":1,"viewCount":386,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350481070,"gmtCreate":1616252654090,"gmtModify":1704792492496,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"Nicee","listText":"Nicee","text":"Nicee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/350481070","repostId":"1135216146","repostType":4,"repost":{"id":"1135216146","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1616160292,"share":"https://ttm.financial/m/news/1135216146?lang=&edition=fundamental","pubTime":"2021-03-19 21:24","market":"us","language":"en","title":"Is Now The Time To Buy Stock In Nike, Nokia, Facebook, Amazon Or Disney?","url":"https://stock-news.laohu8.com/highlight/detail?id=1135216146","media":"Benzinga","summary":"One of the most common questions traders have about stocks is “Why Is It Moving?”That’s why Benzinga","content":"<p>One of the most common questions traders have about stocks is “Why Is It Moving?”</p><p>That’s why Benzinga created the Why Is It Moving, or WIIM, feature inBenzinga Pro. WIIMs are a one-sentence description as to why that stock is moving.</p><p>Here’s the latest news and updates for Nike, Nokia, Facebook, Amazon and Disney.</p><p><b>Nike Inc</b>NKEreported quarterly earnings of 90 cents per share, which beat the analyst consensus estimate of 76 cents. This is a 15.38%&nbsp;increase from the same period last year.&nbsp; The company also reported quarterly sales of $10.36 billion, which missed the analyst consensus estimate of $11.02 billion.</p><p>Nike shares are trading lower&nbsp;by 3.26% at $138.50 at the time of publication.</p><p><b>Nokia Oyj</b>NOK 0.1%on Thursday said it&nbsp;landed another partnership for its 5G technology, this time with<b>AT&amp;T Inc</b>.T.</p><p>The C-Band portfolio, which includes Nokia’s 5G technology, will be deployed to AT&amp;T customers across parts of the U.S. with the first phase opening up toward the end of 2021.</p><p><b>Facebook, Inc.</b>FBisdevelopinga wristband device that translates motor signals from the brain into navigating augmented reality on a computer. The wristband uses electromyography (EMG) to interpret the information being sent from the brain to the hand.</p><p>The National Football League has signed a series of deals that expands its broadcasts to<b>Amazon.com, Inc.</b>AMZNwhile strengthening existing relations with the<b>Walt Disney Co.</b>&nbsp;DISESPN family of networks.</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>Is Now The Time To Buy Stock In Nike, Nokia, Facebook, Amazon Or Disney?</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\">\nIs Now The Time To Buy Stock In Nike, Nokia, Facebook, Amazon Or Disney?\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-03-19 21:24</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>One of the most common questions traders have about stocks is “Why Is It Moving?”</p><p>That’s why Benzinga created the Why Is It Moving, or WIIM, feature inBenzinga Pro. WIIMs are a one-sentence description as to why that stock is moving.</p><p>Here’s the latest news and updates for Nike, Nokia, Facebook, Amazon and Disney.</p><p><b>Nike Inc</b>NKEreported quarterly earnings of 90 cents per share, which beat the analyst consensus estimate of 76 cents. This is a 15.38%&nbsp;increase from the same period last year.&nbsp; The company also reported quarterly sales of $10.36 billion, which missed the analyst consensus estimate of $11.02 billion.</p><p>Nike shares are trading lower&nbsp;by 3.26% at $138.50 at the time of publication.</p><p><b>Nokia Oyj</b>NOK 0.1%on Thursday said it&nbsp;landed another partnership for its 5G technology, this time with<b>AT&amp;T Inc</b>.T.</p><p>The C-Band portfolio, which includes Nokia’s 5G technology, will be deployed to AT&amp;T customers across parts of the U.S. with the first phase opening up toward the end of 2021.</p><p><b>Facebook, Inc.</b>FBisdevelopinga wristband device that translates motor signals from the brain into navigating augmented reality on a computer. The wristband uses electromyography (EMG) to interpret the information being sent from the brain to the hand.</p><p>The National Football League has signed a series of deals that expands its broadcasts to<b>Amazon.com, Inc.</b>AMZNwhile strengthening existing relations with the<b>Walt Disney Co.</b>&nbsp;DISESPN family of networks.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135216146","content_text":"One of the most common questions traders have about stocks is “Why Is It Moving?”That’s why Benzinga created the Why Is It Moving, or WIIM, feature inBenzinga Pro. WIIMs are a one-sentence description as to why that stock is moving.Here’s the latest news and updates for Nike, Nokia, Facebook, Amazon and Disney.Nike IncNKEreported quarterly earnings of 90 cents per share, which beat the analyst consensus estimate of 76 cents. This is a 15.38% increase from the same period last year.  The company also reported quarterly sales of $10.36 billion, which missed the analyst consensus estimate of $11.02 billion.Nike shares are trading lower by 3.26% at $138.50 at the time of publication.Nokia OyjNOK 0.1%on Thursday said it landed another partnership for its 5G technology, this time withAT&T Inc.T.The C-Band portfolio, which includes Nokia’s 5G technology, will be deployed to AT&T customers across parts of the U.S. with the first phase opening up toward the end of 2021.Facebook, Inc.FBisdevelopinga wristband device that translates motor signals from the brain into navigating augmented reality on a computer. The wristband uses electromyography (EMG) to interpret the information being sent from the brain to the hand.The National Football League has signed a series of deals that expands its broadcasts toAmazon.com, Inc.AMZNwhile strengthening existing relations with theWalt Disney Co. DISESPN family of networks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":219,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350483496,"gmtCreate":1616252642315,"gmtModify":1704792492171,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"Nice to read","listText":"Nice to read","text":"Nice to read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/350483496","repostId":"1135216146","repostType":4,"isVote":1,"tweetType":1,"viewCount":284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350489765,"gmtCreate":1616252502457,"gmtModify":1704792490877,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"Niceee&nbsp;","listText":"Niceee&nbsp;","text":"Niceee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/350489765","repostId":"1117450855","repostType":4,"repost":{"id":"1117450855","kind":"news","pubTimestamp":1616166767,"share":"https://ttm.financial/m/news/1117450855?lang=&edition=fundamental","pubTime":"2021-03-19 23:12","market":"us","language":"en","title":"Powell says Fed will keep supporting economy ‘for as long as it takes’","url":"https://stock-news.laohu8.com/highlight/detail?id=1117450855","media":"marketwatch","summary":"Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.Federal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”In an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.“The danger to the U.S. economy was grave. The challenge was to limit the severity and duration o","content":"<blockquote>\n <b>Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.</b>\n</blockquote>\n<p>Federal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”</p>\n<p>In an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.</p>\n<p>“The danger to the U.S. economy was grave. The challenge was to limit the severity and duration of the fallout to avoid longer-run damage,” he said.</p>\n<p>Powell and his colleagues engineered a rapid response to the crisis, based on the lesson learned from slow recovery to the Great Recession of 2008-2009 that swift action might have been better.</p>\n<p>The central bank quickly slashed its policy interest rate to zero and launched an open-ended asset purchase program known as quantitative easing.</p>\n<p>With economists penciling in strong growth for 2021 and more Americans getting vaccinated every day, financial markets are wondering how long Fed support will last.</p>\n<p>In the op-ed, Powell said the situation “is much improved.”</p>\n<p>“But the recovery is far from complete, so at the Fed we will continue to provide the economy with the support that it needs for as long as it takes,” Powell said.</p>\n<p>“I truly believe that we will emerge from this crisis stronger and better, as we have done so often before,” he said.</p>\n<p>On Wednesday, the Fed recommitted to its easy money policy stance at its latest policy meeting despite a forecast for stronger economic growth and higher inflation this year.</p>\n<p>The Fed chairman did not mention the outlook for inflation in his Friday article . Many on Wall Street are worried that the economy will overheat before the Fed pulls back its easy policy stance.</p>\n<p>Yields on the 10-year Treasury noteTMUBMUSD10Y,1.734%have risen to 1.73% this week after starting the year below 1%.</p>\n<p>Stocks were trading lower on Friday, with the Dow Jones Industrial AverageDJIA,-0.71%down 187 points in mid-morning trading.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Powell says Fed will keep supporting economy ‘for as long as it takes’</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 Fed will keep supporting economy ‘for as long as it takes’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 23:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/powell-says-fed-will-keep-supporting-economy-for-as-long-as-it-takes-11616165178?mod=home-page><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.\n\nFederal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” ...</p>\n\n<a href=\"https://www.marketwatch.com/story/powell-says-fed-will-keep-supporting-economy-for-as-long-as-it-takes-11616165178?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/powell-says-fed-will-keep-supporting-economy-for-as-long-as-it-takes-11616165178?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1117450855","content_text":"Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.\n\nFederal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”\nIn an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.\n“The danger to the U.S. economy was grave. The challenge was to limit the severity and duration of the fallout to avoid longer-run damage,” he said.\nPowell and his colleagues engineered a rapid response to the crisis, based on the lesson learned from slow recovery to the Great Recession of 2008-2009 that swift action might have been better.\nThe central bank quickly slashed its policy interest rate to zero and launched an open-ended asset purchase program known as quantitative easing.\nWith economists penciling in strong growth for 2021 and more Americans getting vaccinated every day, financial markets are wondering how long Fed support will last.\nIn the op-ed, Powell said the situation “is much improved.”\n“But the recovery is far from complete, so at the Fed we will continue to provide the economy with the support that it needs for as long as it takes,” Powell said.\n“I truly believe that we will emerge from this crisis stronger and better, as we have done so often before,” he said.\nOn Wednesday, the Fed recommitted to its easy money policy stance at its latest policy meeting despite a forecast for stronger economic growth and higher inflation this year.\nThe Fed chairman did not mention the outlook for inflation in his Friday article . Many on Wall Street are worried that the economy will overheat before the Fed pulls back its easy policy stance.\nYields on the 10-year Treasury noteTMUBMUSD10Y,1.734%have risen to 1.73% this week after starting the year below 1%.\nStocks were trading lower on Friday, with the Dow Jones Industrial AverageDJIA,-0.71%down 187 points in mid-morning trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":323,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325588196,"gmtCreate":1615906390815,"gmtModify":1704788333151,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"Nicee","listText":"Nicee","text":"Nicee","images":[{"img":"https://static.tigerbbs.com/253e5c718213ea0303833cd198b7b655","width":"1080","height":"2157"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325588196","isVote":1,"tweetType":1,"viewCount":365,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":325588355,"gmtCreate":1615906376777,"gmtModify":1704788333637,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ARKF\">$ARK Fintech Innovation ETF(ARKF)$</a>nicee","listText":"<a href=\"https://laohu8.com/S/ARKF\">$ARK Fintech Innovation ETF(ARKF)$</a>nicee","text":"$ARK Fintech Innovation ETF(ARKF)$nicee","images":[{"img":"https://static.tigerbbs.com/62edfa2ecedf21c499a892799bc1d18b","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325588355","isVote":1,"tweetType":1,"viewCount":434,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":325581904,"gmtCreate":1615906325508,"gmtModify":1704788331206,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"Nicre good","listText":"Nicre good","text":"Nicre good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325581904","repostId":"1152144890","repostType":4,"isVote":1,"tweetType":1,"viewCount":372,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325583634,"gmtCreate":1615906296228,"gmtModify":1704788330233,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"Yes is it correct","listText":"Yes is it correct","text":"Yes is it correct","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325583634","repostId":"1103230244","repostType":4,"repost":{"id":"1103230244","kind":"news","pubTimestamp":1615905880,"share":"https://ttm.financial/m/news/1103230244?lang=&edition=fundamental","pubTime":"2021-03-16 22:44","market":"us","language":"en","title":"AMC pulls back 10% after big Monday gain; Cinemas, Reddit stocks slip","url":"https://stock-news.laohu8.com/highlight/detail?id=1103230244","media":"seekingalpha","summary":"AMC Entertainment (NYSE:AMC) is10.3%lower in some apparent profit-taking today, though it's also mov","content":"<p>AMC Entertainment&nbsp;(NYSE:AMC)&nbsp;is10.3%lower in some apparent profit-taking today, though it's also moving lower in line both withReddit-fave peers and fellow cinema stocks.</p><p>AMC ended upjumping 25.8%yesterday as itreopened its two key Los Angeles venues and reaffirmed its plans to reopen all California locations this weekend.</p><p>That follows Los Angeles Countygranting permission for theaters to reopen, though at just 25% capacity.</p><p>So AMC was ripe for a pullback today. Cinema peers are generally lower too, though: Cinemark(NYSE:CNK)-2.3%;IMAX-9.1%; Marcus(NYSE:MCS)-1.2%; Reading International(NASDAQ:RDI)-0.8%; National CineMedia&nbsp;(NASDAQ:NCMI)&nbsp;-4%. Foreign cinema holdings are higher: Regal owner Cineworld (CNNWF+4.7%); Cineplex(OTCPK:CPXGF)+0.2%.</p><p>And AMC's Reddit-fave peers are also seeing some sharp moves down: GameStop(NYSE:GME)-16.8%; Express(NYSE:EXPR)-11%; Koss(NASDAQ:KOSS)-6.6%.</p>","source":"seekingalpha","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>AMC pulls back 10% after big Monday gain; Cinemas, Reddit stocks slip</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\">\nAMC pulls back 10% after big Monday gain; Cinemas, Reddit stocks slip\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 22:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3673162-amc-pulls-back-after-big-monday-gain-cinemas-reddit-stocks-slip><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>AMC Entertainment (NYSE:AMC) is10.3%lower in some apparent profit-taking today, though it's also moving lower in line both withReddit-fave peers and fellow cinema stocks.AMC ended upjumping 25.8%...</p>\n\n<a href=\"https://seekingalpha.com/news/3673162-amc-pulls-back-after-big-monday-gain-cinemas-reddit-stocks-slip\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线"},"source_url":"https://seekingalpha.com/news/3673162-amc-pulls-back-after-big-monday-gain-cinemas-reddit-stocks-slip","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1103230244","content_text":"AMC Entertainment (NYSE:AMC) is10.3%lower in some apparent profit-taking today, though it's also moving lower in line both withReddit-fave peers and fellow cinema stocks.AMC ended upjumping 25.8%yesterday as itreopened its two key Los Angeles venues and reaffirmed its plans to reopen all California locations this weekend.That follows Los Angeles Countygranting permission for theaters to reopen, though at just 25% capacity.So AMC was ripe for a pullback today. Cinema peers are generally lower too, though: Cinemark(NYSE:CNK)-2.3%;IMAX-9.1%; Marcus(NYSE:MCS)-1.2%; Reading International(NASDAQ:RDI)-0.8%; National CineMedia (NASDAQ:NCMI) -4%. Foreign cinema holdings are higher: Regal owner Cineworld (CNNWF+4.7%); Cineplex(OTCPK:CPXGF)+0.2%.And AMC's Reddit-fave peers are also seeing some sharp moves down: GameStop(NYSE:GME)-16.8%; Express(NYSE:EXPR)-11%; Koss(NASDAQ:KOSS)-6.6%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":449,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325583904,"gmtCreate":1615906270208,"gmtModify":1704788329909,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"ok great","listText":"ok great","text":"ok great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325583904","repostId":"1121564086","repostType":4,"repost":{"id":"1121564086","kind":"news","pubTimestamp":1615899026,"share":"https://ttm.financial/m/news/1121564086?lang=&edition=fundamental","pubTime":"2021-03-16 20:50","market":"us","language":"en","title":"Larry McDonald Warns \"The Big [Market] Quake Is Coming\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1121564086","media":"zerohedge","summary":"The mood is testy. Yields on Treasuries are rising, the dollar is trending stronger, and major tech ","content":"<p>The mood is testy. Yields on Treasuries are rising, the dollar is trending stronger, and major tech stocks are under pressure. Accordingly, tensions are high when the Federal Reserve decides on the future course of its monetary policy this Wednesday.</p>\n<p><i><b>«The Fed has its back against the wall,»</b></i>says Larry McDonald during a conversation via Zoom. The internationally renowned macro strategist and former senior trader at Lehman Brothers warns that the Federal Reserve has little time to mitigate the explosive situation in the bond and currency markets. Otherwise, he says, the global economy is at risk of another crisis.</p>\n<p>Since last spring, the founder of the independent investment advisor&nbsp;The Bear Traps Report&nbsp;has been&nbsp;recommending investments&nbsp;in the commodity sector, where he believes a new super cycle has begun. He&nbsp;reiterated his recommendation&nbsp;during his last conversation with The Market in late 2020. Today, his call for a big reflation trade has become the consensus on Wall Street.</p>\n<p>In this new interview with The Market/NZZ, which has been edited and condensed for clarity, Larry McDonald tells why he expects the Federal Reserve to resort to yield curve control fairly soon and what that will mean for gold and silver. He also explains why the rotation into commodities and value stocks is only just beginning and where he currently sees the best opportunities for investments.</p>\n<p><b>After the turmoil of the past few weeks, all eyes are on the Federal Reserve. What can investors expect from Wednesday's Fed meeting?</b></p>\n<blockquote>\n <b>We’re at a point where the market is moving way ahead of the Federal Reserve.</b>The Fed is on «outcome-based guidance», but the beast, that serpent in the market, wants more than that. Basically, the market is saying: «The US economy is going to grow 6 or 7% this year, and that will force you to taper in Q3 or Q4.» As investors are pricing in a tapering of the Fed’s asset purchases, financial conditions are tightening; especially in emerging markets, where spreads on credit default swaps are rising. So far, financial conditions are nowhere near extremely dangerous levels. But the problem is everybody thinks we’re in a similar situation as back in 2018.\n</blockquote>\n<p><b>What do you mean by that?</b></p>\n<blockquote>\n Once again, the Fed is playing «Tough Guy»: The market demands a policy pivot, but the Fed is trying to hold on to its path, essentially signaling to investors: «No way, relax». We had a similar set-up in 2013, 2016 and 2018. These were the three most significant monetary policy shifts where market pressures broke the Fed's desired policy path.\n <b>The problem is that back then the Fed had far more rope to play Tough Guy since the economy was stronger. In 2018 for instance</b>, the US economy was creating hundreds of thousands of jobs a month. In contrast, today’s employment-to-population ratio is 3.5 percentage points below January 2020 levels. This means 13 million Americans are outside the labor force. To get back to pre-pandemic levels, the economy has to create more than 540,000 jobs a month for two years.\n</blockquote>\n<p><b>So what does this mean for this week's Fed meeting?</b></p>\n<blockquote>\n <b>The Fed is planet earth’s central bank. Every time they tried to play Tough Guy, they’ve blown up the global economy.</b>This time, the Fed's Tough Guy window is much smaller. In 2018 or 2013 that window was nine to ten months. Now, it’s like two months because the economy is so weak. If they let financial conditions tighten further, they risk a major default cycle.\n <b>The negative multiplier effect of a stronger dollar is much higher to the world economy than the Fed anticipates</b>. They can't afford to let the dollar rip higher, because there is so much dollar denominated debt in the world, so much trade tied to the Greenback. If they blow that up, it will just blow back to the US and force the Fed into a policy shift anyway. It’s like with an oil change at the car repair shop: You can pay now or you can pay later. That’s why the Fed has to pay now.\n</blockquote>\n<p><b>Why?</b></p>\n<blockquote>\n <b>The Fed’s back is against the wall, all points to proactive action on March 17.</b>They must suppress taper fears and cut these risks off, or else they blow up the global economy for the 4th time since 2013. We’re hearing that they’re already getting incoming calls from emerging market central banks right now. If Fed Chairman Jay Powell plays Tough Guy by staying with the current path, without offering further assurances of deeper, more sustainable accommodation, the beast inside the market will keep pushing him until he breaks. We will see a repeat of Q4 2018 and Q1 2019, where the Fed was forced into an utterly embarrassing pivot. One of those is enough for Powell’s legacy, he doesn’t want two.\n</blockquote>\n<p><b>What kind of measures can be expected?</b></p>\n<blockquote>\n <b>Eventually, we will get the taper, but the overwhelming point is other weapons have to come first.</b>A Federal Reserve offering insufficient accommodation places markets in the crosshairs of a risk-off event. The first thing they will try to do is give some hard data points. For example, the US economy has to create 10 million jobs for the Fed to do anything on the balance sheet. Another way they can get out is calendar guidance, but that’s a more sophisticated weaponry. Bottom line, they should just say: «From now until the end of the year QE will continue at $120 billion a month, and we want PCE-inflation to get to between 2 and 2.5% and stay there for 24 months.» With that in place,\n <b>all they have to do is open the door two or three inches for yield curve control, and they can contain the dollar.</b>\n</blockquote>\n<p><b>The last time the Federal Reserve used yield curve control was during the time of World War II. Why would it resort to such a radical measure?</b></p>\n<blockquote>\n <b>Here’s the dirty little secret: Too many Treasury bonds are for sale.</b>There aren’t enough buyers, and that will force the Fed to step in. More than $3.6 trillion of US government paper was issued in 2020 versus $2.9 trillion in the prior year. With the new $1.9 trillion fiscal package coming from Washington, issuance in 2021 is slated to rise to $4 trillion. That’s a lot more than the Fed’s Treasury purchases through QE, so the spread between QE and debt issuance gets much wider. Washington is doing so much fiscal stimulus, I’m confident that this is going to force the Fed into yield curve control by September. If that’s the case, it will pressure the dollar lower and put commodities, value stocks, global cyclicals, materials and emerging markets into rotation overdrive.\n</blockquote>\n<p><b>How come?</b></p>\n<blockquote>\n <b>Yield curve control deployment is the tactical nuclear weaponry.</b>If the Fed throws out yield curve control just as a threat, it will suppress Treasury rates and real yields will go much more negative. Over the last couple of months, the issuance has overpowered inflation expectations. Think of it as a car race: Treasury issuances were driving up yields faster than inflation expectations rose. But if the Fed starts to acknowledge that they are going to bring out new weapons like calendar guidance and yield curve control, then they’re suppressing nominal yields. So if inflation expectations continue to rise, then real yields go big negative – and that’s when gold and silver will take off. I think silver can double from here until early next year. Gold could be up 50%.\n</blockquote>\n<p><b>How can investors best position themselves in this environment?</b></p>\n<blockquote>\n In terms of emerging markets, we’re\n <b>long Chile and Brazil.</b>In Asia, South Korea looks attractive. We also like the KWEB ETF which consists of the big Chinese tech stocks. In the commodity space, we have a position in the XME ETF which owns mainly\n <b>copper and steel names.</b>One of the best companies we own is Teck Resources. This stock is almost like a commodity mutual fund, because the company has exposure to copper, nickel and even energy. Another favorite is Mosaic because in a commodity cycle where you have weather problems around the world,\n <b>agricultural plays are a good bet.</b>\n</blockquote>\n<p><b>What about precious metals?</b></p>\n<blockquote>\n <b>When it comes to precious metals, we love silver miners</b>like Hecla Mining. When the Fed eases its policy, the silver miners will outperform the underlying metal, and they will outperform gold because there is more leverage there.\n</blockquote>\n<p><b>The gold price is down more than 15% since its all-time high in August. What’s the problem?</b></p>\n<blockquote>\n <b>Everyone thinks it’s 2013, so taper fears are sky high for gold. But the Fed cannot repeat its mistakes.</b>They must cap yields if they want to preserve the global economic recovery. Thus, the convexity with gold is very attractive. Every leg lower in real yields will act like a slingshot higher for gold. That’s why we love Newmont. The stock trades at 6x EBITDA with a 4% dividend yield which gives you some downside protection. And remember: The 2011-2016 commodity bust has made the balance sheet of these high quality gold mining companies a lot stronger.\n</blockquote>\n<p><b>President Joe Biden has just signed off on a $1.9 trillion economic program. What are the chances of a second stimulus bill, aimed at infrastructure?</b></p>\n<blockquote>\n It’s important to note that\n <b>a second fiscal deal for 2021 is not a slam dunk.</b>To pass the present $1.9 trillion stimulus bill, the Democrats used reconciliation. It’s a very special trick in US politics, because with reconciliation you don’t need 60 votes to pass a bill in the Senate. All you need is 50 votes. Yet, reconciliation has to be tied to a budget year. This means the next time the Democrats can use it is probably in the fourth quarter, late November or December, and tie it to the following year's budget. So the only way to do an infrastructure bill in the next six months is with a traditional piece of legislation.\n</blockquote>\n<p><b>Is that even possible, given how wide the rift between Republicans and Democrats has opened in recent years?</b></p>\n<blockquote>\n For that you need essentially ten Republicans. Right now, the centrists on the Hill, people like Mitt Romney on the Republican side or Joe Manchin on the Democrat side, are the most powerful people in Washington. They want to do an infrastructure program, but they want to finance it with tax revenue. They don’t believe in things like Modern Monetary Theory where the Fed is financing the deficit.\n <b>So you are going to need a tax hike. And in this regard, we’re hearing they could go after some type of flat tax on the FAANGs, the big technology companies.</b>\n</blockquote>\n<p><b>What does this mean for Apple, Google, Facebook and other tech heavyweights?</b></p>\n<blockquote>\n Keep in mind, we’re in a populist revolution:\n <b>The risk of inequality leading to social unrest is high, and that puts pressure on politicians to pass bills to tax the rich.</b>But a wealth tax is extremely complicated, it would take years. The simplest way to do something in terms of taxes is to tax larger companies. In the eighties, the top 100 companies in the US maintained about 45 to 50% of total profits. Today, the largest 20 companies command about 85 to 90%. In addition to that, close to 40% of the S&amp;P 500’s market cap is related to tech. So tech is the low hanging fruit for the populists in Congress to go after.\n</blockquote>\n<p><b>One more reason why tech stocks remain under pressure?</b></p>\n<blockquote>\n We run a bunch of models. For example, we look at Berkshire Hathaway’s share price versus the Nasdaq 100 or the Dow Jones Industrial versus the Nasdaq. March 8th was the second time in 2021 that the Nasdaq closed down 2% with the Dow closing higher.\n <b>We haven’t seen this type of data since the dotcom crash. It’s a very rare event which historically coincides with a longer-term rotation out of technology stocks. That’s a very encouraging signal for value stocks.</b>In this regard, we like the EWU ETF. It’s a wonderful basket of stocks because it’s full of financials and world class names like BP, Rio Tinto or Glencore. Officially, it’s called the United Kingdom ETF, but it’s more like a global value ETF.\n</blockquote>\n<p><b>Does this mean that the rotation towards cyclical stocks has only just begun?</b></p>\n<blockquote>\n <b>Many investors around the world are long a portfolio of stocks that was designed for the deflationary environment of the previous decade.</b>The decade ahead of us - with all what’s ahead in terms of fiscal and monetary stimulus, populism, regulation and taxes - will push investors toward more globally value related stocks. That’s where the best returns are going to be.\n</blockquote>\n<p><b>So the previously successful «buy the dip» strategy of simply buying more tech stocks after every decline no longer works?</b></p>\n<blockquote>\n <b>The potency of dip-buying is in decay mode.</b>Global value is really starting to kick tech in the teeth, and when that happens, it wakes up what's called «real money». Keep in mind: There is fast money, mostly hedge funds which are nimble and make quick moves. In contrast, real money moves slowly. Those types of investors don’t make asset allocation decisions quickly. They base their decisions on committees and all kinds of meetings. As a result, tectonic plates are shifting beneath our feet. We’ve seen tremors after tremors where value is starting to crush growth, and now the earthquake is coming. At Bear Traps, we have a Bloomberg chat with 650 institutional investors, and I can tell just by these conversations, that the real money is starting to move.\n <b>And when the real money moves, that’s when the big quake happens.</b>\n</blockquote>\n<p><b>What kind of dislocations will this cause?</b></p>\n<blockquote>\n <b>Tech will probably be down 30 to 40% sometime between now and the end of October.</b>Today, the market cap of the Nasdaq 100 is close to $12 trillion, but most large-cap tech stocks are unchanged since July last year, while commodity and value-related equities are up 20 to 50%. In the US, if you talk to a hundred high-net-worth families, every one of those families owns Apple, Google, Facebook and Amazon. But look what’s happening: Amazon’s stock is flat since the 4th of July 2020. That's $1.5 trillion of dead money. Last Friday, Amazon failed at the 200-day moving average again.\n <b>This is like Mike Tyson getting defeated by Buster Douglas, one of the greatest upsets in sports history. This psychology is moving through the market, pushing the capital migration process into value and commodity plays.</b>\n</blockquote>\n<p><b>However, investments in commodities are mostly not compliant with the trend towards ESG standards; especially when it comes to CO2 emissions.</b></p>\n<blockquote>\n <b>The best ESG trade on the board is nuclear power. The largest uranium company in the US is Cameco with a $7 market cap.</b>Think about that relative to Elon Musk’s net worth! I support the Green New Deal, but this needs time, because solar and wind are still too far away to produce the amount of energy needed around the world, especially in India and China. The only way to meet that demand is through nuclear power. Uranium is coming out of a ten-year bear market, and it’s going into a massive new bull market. All the contracts between power plants and uranium producers are going to be adjusted. That’s why we like the URA ETF which owns companies like Cameco. I see some of these companies as six baggers: 500% upside potential and 30 to 40% downside risk, because uranium is still a risky commodity.\n</blockquote>\n<p><b>In our&nbsp;last conversation, you recommended investments in the energy sector. Since then, names such as Chevron, Royal Dutch Shell or Exxon Mobil have advanced 25 to 60%. What do you advise investors to do now?</b></p>\n<blockquote>\n <b>For now, we’ve cut our energy book:</b>We’ve sold half of our shares in Chevron, and we’ve sold two thirds of our positions in Exxon Mobil and in the XLE ETF. What happens when you get into the fourth, fifth and sixth innings of a commodity cycle, tertiary sectors like metallurgical coal become more attractive. Sure, met coal, also known as coking coal, is not ESG friendly, but there is no way around it for steel production and hence the construction of skyscrapers, bridges and things like that. So coming into this infrastructure boom all around the world, coal has plenty of upside. That’s why we own names like Arch Resources and Peabody Energy. They’re low-leveraged, and really cheap, once again, on a risk/reward basis.\n</blockquote>\n<p><b>What are the biggest dangers to watch out for in the coming weeks and months?</b></p>\n<blockquote>\n <b>One spot to watch are all these forbearance deals in commercial real estate.</b>When we come out of Covid and the vaccines and the stimulus money are juicing through the economy, the market will be forcing the release of the forbearance on a lot of these loans. So if people don’t come back fast enough to the cities, these commercial real estate loans are going to get reset. This would mean some big defaults, and the banks own a lot of these loans. Also, a lot of leveraged loans are really rich. And then, there is potentially a fiscal cliff:\n <b>The sustainability of the $1.9 trillion stimulus package isn’t that great because a lot of it is just transfer payments replacing lost income for people staying at home. That’s why the US needs a second stimulus bill. If we don’t get a second bill, we are going to have a problem in about a year from now.</b>\n</blockquote>","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>Larry McDonald Warns \"The Big [Market] Quake Is Coming\"</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\">\nLarry McDonald Warns \"The Big [Market] Quake Is Coming\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 20:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/larry-mcdonald-warns-big-market-quake-coming><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The mood is testy. Yields on Treasuries are rising, the dollar is trending stronger, and major tech stocks are under pressure. Accordingly, tensions are high when the Federal Reserve decides on the ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/larry-mcdonald-warns-big-market-quake-coming\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/markets/larry-mcdonald-warns-big-market-quake-coming","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121564086","content_text":"The mood is testy. Yields on Treasuries are rising, the dollar is trending stronger, and major tech stocks are under pressure. Accordingly, tensions are high when the Federal Reserve decides on the future course of its monetary policy this Wednesday.\n«The Fed has its back against the wall,»says Larry McDonald during a conversation via Zoom. The internationally renowned macro strategist and former senior trader at Lehman Brothers warns that the Federal Reserve has little time to mitigate the explosive situation in the bond and currency markets. Otherwise, he says, the global economy is at risk of another crisis.\nSince last spring, the founder of the independent investment advisor The Bear Traps Report has been recommending investments in the commodity sector, where he believes a new super cycle has begun. He reiterated his recommendation during his last conversation with The Market in late 2020. Today, his call for a big reflation trade has become the consensus on Wall Street.\nIn this new interview with The Market/NZZ, which has been edited and condensed for clarity, Larry McDonald tells why he expects the Federal Reserve to resort to yield curve control fairly soon and what that will mean for gold and silver. He also explains why the rotation into commodities and value stocks is only just beginning and where he currently sees the best opportunities for investments.\nAfter the turmoil of the past few weeks, all eyes are on the Federal Reserve. What can investors expect from Wednesday's Fed meeting?\n\nWe’re at a point where the market is moving way ahead of the Federal Reserve.The Fed is on «outcome-based guidance», but the beast, that serpent in the market, wants more than that. Basically, the market is saying: «The US economy is going to grow 6 or 7% this year, and that will force you to taper in Q3 or Q4.» As investors are pricing in a tapering of the Fed’s asset purchases, financial conditions are tightening; especially in emerging markets, where spreads on credit default swaps are rising. So far, financial conditions are nowhere near extremely dangerous levels. But the problem is everybody thinks we’re in a similar situation as back in 2018.\n\nWhat do you mean by that?\n\n Once again, the Fed is playing «Tough Guy»: The market demands a policy pivot, but the Fed is trying to hold on to its path, essentially signaling to investors: «No way, relax». We had a similar set-up in 2013, 2016 and 2018. These were the three most significant monetary policy shifts where market pressures broke the Fed's desired policy path.\n The problem is that back then the Fed had far more rope to play Tough Guy since the economy was stronger. In 2018 for instance, the US economy was creating hundreds of thousands of jobs a month. In contrast, today’s employment-to-population ratio is 3.5 percentage points below January 2020 levels. This means 13 million Americans are outside the labor force. To get back to pre-pandemic levels, the economy has to create more than 540,000 jobs a month for two years.\n\nSo what does this mean for this week's Fed meeting?\n\nThe Fed is planet earth’s central bank. Every time they tried to play Tough Guy, they’ve blown up the global economy.This time, the Fed's Tough Guy window is much smaller. In 2018 or 2013 that window was nine to ten months. Now, it’s like two months because the economy is so weak. If they let financial conditions tighten further, they risk a major default cycle.\n The negative multiplier effect of a stronger dollar is much higher to the world economy than the Fed anticipates. They can't afford to let the dollar rip higher, because there is so much dollar denominated debt in the world, so much trade tied to the Greenback. If they blow that up, it will just blow back to the US and force the Fed into a policy shift anyway. It’s like with an oil change at the car repair shop: You can pay now or you can pay later. That’s why the Fed has to pay now.\n\nWhy?\n\nThe Fed’s back is against the wall, all points to proactive action on March 17.They must suppress taper fears and cut these risks off, or else they blow up the global economy for the 4th time since 2013. We’re hearing that they’re already getting incoming calls from emerging market central banks right now. If Fed Chairman Jay Powell plays Tough Guy by staying with the current path, without offering further assurances of deeper, more sustainable accommodation, the beast inside the market will keep pushing him until he breaks. We will see a repeat of Q4 2018 and Q1 2019, where the Fed was forced into an utterly embarrassing pivot. One of those is enough for Powell’s legacy, he doesn’t want two.\n\nWhat kind of measures can be expected?\n\nEventually, we will get the taper, but the overwhelming point is other weapons have to come first.A Federal Reserve offering insufficient accommodation places markets in the crosshairs of a risk-off event. The first thing they will try to do is give some hard data points. For example, the US economy has to create 10 million jobs for the Fed to do anything on the balance sheet. Another way they can get out is calendar guidance, but that’s a more sophisticated weaponry. Bottom line, they should just say: «From now until the end of the year QE will continue at $120 billion a month, and we want PCE-inflation to get to between 2 and 2.5% and stay there for 24 months.» With that in place,\n all they have to do is open the door two or three inches for yield curve control, and they can contain the dollar.\n\nThe last time the Federal Reserve used yield curve control was during the time of World War II. Why would it resort to such a radical measure?\n\nHere’s the dirty little secret: Too many Treasury bonds are for sale.There aren’t enough buyers, and that will force the Fed to step in. More than $3.6 trillion of US government paper was issued in 2020 versus $2.9 trillion in the prior year. With the new $1.9 trillion fiscal package coming from Washington, issuance in 2021 is slated to rise to $4 trillion. That’s a lot more than the Fed’s Treasury purchases through QE, so the spread between QE and debt issuance gets much wider. Washington is doing so much fiscal stimulus, I’m confident that this is going to force the Fed into yield curve control by September. If that’s the case, it will pressure the dollar lower and put commodities, value stocks, global cyclicals, materials and emerging markets into rotation overdrive.\n\nHow come?\n\nYield curve control deployment is the tactical nuclear weaponry.If the Fed throws out yield curve control just as a threat, it will suppress Treasury rates and real yields will go much more negative. Over the last couple of months, the issuance has overpowered inflation expectations. Think of it as a car race: Treasury issuances were driving up yields faster than inflation expectations rose. But if the Fed starts to acknowledge that they are going to bring out new weapons like calendar guidance and yield curve control, then they’re suppressing nominal yields. So if inflation expectations continue to rise, then real yields go big negative – and that’s when gold and silver will take off. I think silver can double from here until early next year. Gold could be up 50%.\n\nHow can investors best position themselves in this environment?\n\n In terms of emerging markets, we’re\n long Chile and Brazil.In Asia, South Korea looks attractive. We also like the KWEB ETF which consists of the big Chinese tech stocks. In the commodity space, we have a position in the XME ETF which owns mainly\n copper and steel names.One of the best companies we own is Teck Resources. This stock is almost like a commodity mutual fund, because the company has exposure to copper, nickel and even energy. Another favorite is Mosaic because in a commodity cycle where you have weather problems around the world,\n agricultural plays are a good bet.\n\nWhat about precious metals?\n\nWhen it comes to precious metals, we love silver minerslike Hecla Mining. When the Fed eases its policy, the silver miners will outperform the underlying metal, and they will outperform gold because there is more leverage there.\n\nThe gold price is down more than 15% since its all-time high in August. What’s the problem?\n\nEveryone thinks it’s 2013, so taper fears are sky high for gold. But the Fed cannot repeat its mistakes.They must cap yields if they want to preserve the global economic recovery. Thus, the convexity with gold is very attractive. Every leg lower in real yields will act like a slingshot higher for gold. That’s why we love Newmont. The stock trades at 6x EBITDA with a 4% dividend yield which gives you some downside protection. And remember: The 2011-2016 commodity bust has made the balance sheet of these high quality gold mining companies a lot stronger.\n\nPresident Joe Biden has just signed off on a $1.9 trillion economic program. What are the chances of a second stimulus bill, aimed at infrastructure?\n\n It’s important to note that\n a second fiscal deal for 2021 is not a slam dunk.To pass the present $1.9 trillion stimulus bill, the Democrats used reconciliation. It’s a very special trick in US politics, because with reconciliation you don’t need 60 votes to pass a bill in the Senate. All you need is 50 votes. Yet, reconciliation has to be tied to a budget year. This means the next time the Democrats can use it is probably in the fourth quarter, late November or December, and tie it to the following year's budget. So the only way to do an infrastructure bill in the next six months is with a traditional piece of legislation.\n\nIs that even possible, given how wide the rift between Republicans and Democrats has opened in recent years?\n\n For that you need essentially ten Republicans. Right now, the centrists on the Hill, people like Mitt Romney on the Republican side or Joe Manchin on the Democrat side, are the most powerful people in Washington. They want to do an infrastructure program, but they want to finance it with tax revenue. They don’t believe in things like Modern Monetary Theory where the Fed is financing the deficit.\n So you are going to need a tax hike. And in this regard, we’re hearing they could go after some type of flat tax on the FAANGs, the big technology companies.\n\nWhat does this mean for Apple, Google, Facebook and other tech heavyweights?\n\n Keep in mind, we’re in a populist revolution:\n The risk of inequality leading to social unrest is high, and that puts pressure on politicians to pass bills to tax the rich.But a wealth tax is extremely complicated, it would take years. The simplest way to do something in terms of taxes is to tax larger companies. In the eighties, the top 100 companies in the US maintained about 45 to 50% of total profits. Today, the largest 20 companies command about 85 to 90%. In addition to that, close to 40% of the S&P 500’s market cap is related to tech. So tech is the low hanging fruit for the populists in Congress to go after.\n\nOne more reason why tech stocks remain under pressure?\n\n We run a bunch of models. For example, we look at Berkshire Hathaway’s share price versus the Nasdaq 100 or the Dow Jones Industrial versus the Nasdaq. March 8th was the second time in 2021 that the Nasdaq closed down 2% with the Dow closing higher.\n We haven’t seen this type of data since the dotcom crash. It’s a very rare event which historically coincides with a longer-term rotation out of technology stocks. That’s a very encouraging signal for value stocks.In this regard, we like the EWU ETF. It’s a wonderful basket of stocks because it’s full of financials and world class names like BP, Rio Tinto or Glencore. Officially, it’s called the United Kingdom ETF, but it’s more like a global value ETF.\n\nDoes this mean that the rotation towards cyclical stocks has only just begun?\n\nMany investors around the world are long a portfolio of stocks that was designed for the deflationary environment of the previous decade.The decade ahead of us - with all what’s ahead in terms of fiscal and monetary stimulus, populism, regulation and taxes - will push investors toward more globally value related stocks. That’s where the best returns are going to be.\n\nSo the previously successful «buy the dip» strategy of simply buying more tech stocks after every decline no longer works?\n\nThe potency of dip-buying is in decay mode.Global value is really starting to kick tech in the teeth, and when that happens, it wakes up what's called «real money». Keep in mind: There is fast money, mostly hedge funds which are nimble and make quick moves. In contrast, real money moves slowly. Those types of investors don’t make asset allocation decisions quickly. They base their decisions on committees and all kinds of meetings. As a result, tectonic plates are shifting beneath our feet. We’ve seen tremors after tremors where value is starting to crush growth, and now the earthquake is coming. At Bear Traps, we have a Bloomberg chat with 650 institutional investors, and I can tell just by these conversations, that the real money is starting to move.\n And when the real money moves, that’s when the big quake happens.\n\nWhat kind of dislocations will this cause?\n\nTech will probably be down 30 to 40% sometime between now and the end of October.Today, the market cap of the Nasdaq 100 is close to $12 trillion, but most large-cap tech stocks are unchanged since July last year, while commodity and value-related equities are up 20 to 50%. In the US, if you talk to a hundred high-net-worth families, every one of those families owns Apple, Google, Facebook and Amazon. But look what’s happening: Amazon’s stock is flat since the 4th of July 2020. That's $1.5 trillion of dead money. Last Friday, Amazon failed at the 200-day moving average again.\n This is like Mike Tyson getting defeated by Buster Douglas, one of the greatest upsets in sports history. This psychology is moving through the market, pushing the capital migration process into value and commodity plays.\n\nHowever, investments in commodities are mostly not compliant with the trend towards ESG standards; especially when it comes to CO2 emissions.\n\nThe best ESG trade on the board is nuclear power. The largest uranium company in the US is Cameco with a $7 market cap.Think about that relative to Elon Musk’s net worth! I support the Green New Deal, but this needs time, because solar and wind are still too far away to produce the amount of energy needed around the world, especially in India and China. The only way to meet that demand is through nuclear power. Uranium is coming out of a ten-year bear market, and it’s going into a massive new bull market. All the contracts between power plants and uranium producers are going to be adjusted. That’s why we like the URA ETF which owns companies like Cameco. I see some of these companies as six baggers: 500% upside potential and 30 to 40% downside risk, because uranium is still a risky commodity.\n\nIn our last conversation, you recommended investments in the energy sector. Since then, names such as Chevron, Royal Dutch Shell or Exxon Mobil have advanced 25 to 60%. What do you advise investors to do now?\n\nFor now, we’ve cut our energy book:We’ve sold half of our shares in Chevron, and we’ve sold two thirds of our positions in Exxon Mobil and in the XLE ETF. What happens when you get into the fourth, fifth and sixth innings of a commodity cycle, tertiary sectors like metallurgical coal become more attractive. Sure, met coal, also known as coking coal, is not ESG friendly, but there is no way around it for steel production and hence the construction of skyscrapers, bridges and things like that. So coming into this infrastructure boom all around the world, coal has plenty of upside. That’s why we own names like Arch Resources and Peabody Energy. They’re low-leveraged, and really cheap, once again, on a risk/reward basis.\n\nWhat are the biggest dangers to watch out for in the coming weeks and months?\n\nOne spot to watch are all these forbearance deals in commercial real estate.When we come out of Covid and the vaccines and the stimulus money are juicing through the economy, the market will be forcing the release of the forbearance on a lot of these loans. So if people don’t come back fast enough to the cities, these commercial real estate loans are going to get reset. This would mean some big defaults, and the banks own a lot of these loans. Also, a lot of leveraged loans are really rich. And then, there is potentially a fiscal cliff:\n The sustainability of the $1.9 trillion stimulus package isn’t that great because a lot of it is just transfer payments replacing lost income for people staying at home. That’s why the US needs a second stimulus bill. If we don’t get a second bill, we are going to have a problem in about a year from now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":140,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322287044,"gmtCreate":1615810615288,"gmtModify":1704786847636,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"Nicceeee","listText":"Nicceeee","text":"Nicceeee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322287044","repostId":"2119912637","repostType":4,"repost":{"id":"2119912637","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1615808640,"share":"https://ttm.financial/m/news/2119912637?lang=&edition=fundamental","pubTime":"2021-03-15 19:44","market":"us","language":"en","title":"Lilly's stock is down after sharing additional clinical data about its Alzheimer's disease drug candidate","url":"https://stock-news.laohu8.com/highlight/detail?id=2119912637","media":"Dow Jones","summary":"ShaShares of Eli Lilly & Co. $(LLY)$ were down 5.2% in premarket trading on Monday, two days after t","content":"<p>ShaShares of Eli Lilly &amp; Co. <a href=\"https://laohu8.com/S/LLY\">$(LLY)$</a> were down 5.2% in premarket trading on Monday, two days after the drug maker said additional clinical-trial data reinforced the role its experimental Alzheimer's disease drug can play in slowing decline among people with early symptomatic forms of the disease. The data was published in the New England Journal of Medicine on Saturday, and it examined results from a Phase 2 study that found donanemab could reduce decline by 32% when compared against placebo at 76 weeks. Though the study met the primary endpoint, the researchers said that the secondary findings from the trial had mixed results. \"If these results are confirmed in the larger study now in progress, donanemab could offer the potential for a disease-modifying therapy that can help patients maintain cognitive abilities and their independence longer,\" Dr. Howard Fillit, chief science officer of the Alzheimer's Drug Discovery Foundation, said in a statement. Lilly's stock is up 49.3% over the past year, while the broader S&amp;P 500 has gained 58.9%.</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>Lilly's stock is down after sharing additional clinical data about its Alzheimer's disease drug candidate</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\">\nLilly's stock is down after sharing additional clinical data about its Alzheimer's disease drug candidate\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-03-15 19:44</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>ShaShares of Eli Lilly &amp; Co. <a href=\"https://laohu8.com/S/LLY\">$(LLY)$</a> were down 5.2% in premarket trading on Monday, two days after the drug maker said additional clinical-trial data reinforced the role its experimental Alzheimer's disease drug can play in slowing decline among people with early symptomatic forms of the disease. The data was published in the New England Journal of Medicine on Saturday, and it examined results from a Phase 2 study that found donanemab could reduce decline by 32% when compared against placebo at 76 weeks. Though the study met the primary endpoint, the researchers said that the secondary findings from the trial had mixed results. \"If these results are confirmed in the larger study now in progress, donanemab could offer the potential for a disease-modifying therapy that can help patients maintain cognitive abilities and their independence longer,\" Dr. Howard Fillit, chief science officer of the Alzheimer's Drug Discovery Foundation, said in a statement. Lilly's stock is up 49.3% over the past year, while the broader S&amp;P 500 has gained 58.9%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LLY":"礼来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2119912637","content_text":"ShaShares of Eli Lilly & Co. $(LLY)$ were down 5.2% in premarket trading on Monday, two days after the drug maker said additional clinical-trial data reinforced the role its experimental Alzheimer's disease drug can play in slowing decline among people with early symptomatic forms of the disease. The data was published in the New England Journal of Medicine on Saturday, and it examined results from a Phase 2 study that found donanemab could reduce decline by 32% when compared against placebo at 76 weeks. Though the study met the primary endpoint, the researchers said that the secondary findings from the trial had mixed results. \"If these results are confirmed in the larger study now in progress, donanemab could offer the potential for a disease-modifying therapy that can help patients maintain cognitive abilities and their independence longer,\" Dr. Howard Fillit, chief science officer of the Alzheimer's Drug Discovery Foundation, said in a statement. Lilly's stock is up 49.3% over the past year, while the broader S&P 500 has gained 58.9%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":381,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322286866,"gmtCreate":1615810328755,"gmtModify":1704786842562,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"Omggg","listText":"Omggg","text":"Omggg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322286866","repostId":"2119891230","repostType":4,"repost":{"id":"2119891230","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1615808280,"share":"https://ttm.financial/m/news/2119891230?lang=&edition=fundamental","pubTime":"2021-03-15 19:38","market":"hk","language":"en","title":"This is when to sell cyclical winners and buy back tech stocks, JPMorgan says","url":"https://stock-news.laohu8.com/highlight/detail?id=2119891230","media":"Dow Jones","summary":"Critical information for the trading day.\n\nU.S. stocks are set to open higher after the Dow Jones In","content":"<blockquote>\n <b>Critical information for the trading day.</b>\n</blockquote>\n<p>U.S. stocks are set to open higher after the Dow Jones Industrial Average and S&amp;P 500 closed at record highs last week.</p>\n<p>It comes as the yield on the U.S. 10-year Treasury held steady at 1.619%. However, attention will quickly turn to the Federal Reserve's meeting on Wednesday, which has become key in the context of rising bond yields in recent weeks. The central bank is under pressure to prevent a further destabilizing rise in yields.</p>\n<p>In our call of the day, JPMorgan strategists said the rise in bond yields wasn't over yet and that it was premature to start selling cyclical stocks and buying back defensive equities, such as healthcare and technology stocks.</p>\n<p>The investment bank's strategists, led by Mislav Matejka, said valuations of cyclical stocks -- those that stand to gain as economic activity picks up -- were beginning to look \"toppy\" after their strong run over the past year.</p>\n<p>European cyclicals, for example, have outperformed defensive stocks by 57% over the past 11 months -- ranking near the top when it comes to past recoveries. As a result they said the bulk of the cyclicals/defensives move \"might be behind us,\" given the size of the cyclicals run and their stretched valuations.</p>\n<p>But the strategists warned it was still \"premature\" to position for a reversal. \"For that, <a href=\"https://laohu8.com/S/AONE\">one</a> needs to see peaking PMIs, weakening relative earnings and an end to rising bond yields,\" they noted.</p>\n<p>Those three crucial things are unlikely to happen just yet, they said, with earnings momentum for cyclicals set to \"continue accelerating over the next few quarters.\" As for purchasing managers indexes, the desynchronized nature of the global cycle -- with China potentially peaking, the U.S. approaching highs and Europe looking to pick up over the summer -- means a peak isn't imminent, they said.</p>\n<p>The key factor for cyclicals remains the direction of bond yields and, importantly, JPMorgan strategists said the upmove in yields wasn't finished yet. \"Yes, in the short term policy makers will keep pushing back, but [they] are likely to accept higher yields down the line, as the economy strengthens.\"</p>\n<p>\"As long as yields are moving up, cyclicals should not be sold,\" they added.</p>\n<p>Value stocks, on the other hand, continue to look very appealing, JPMorgan said, as it focused its long positions on banks and the reopening trade.</p>\n<p><b>The chart</b></p>\n<p>Deutsche Bank (DBK.XE) strategists upgraded their S&amp;P 500 earnings per share <a href=\"https://laohu8.com/S/EPS\">$(EPS)$</a> forecast for 2021 to $202 and for 2022 to $222, following the passage of the $1.9 trillion stimulus package and economic forecast upgrades.</p>\n<p><b>The Tweet</b></p>\n<p>The value of short bets against shares of special purpose acquisition companies (SPACs) has tripled since the start of the year, according to data from S3 Partners published by the Wall Street Journal .</p>\n<p><b>The markets</b></p>\n<p>U.S. stock futures pointed slightly higher ahead of the open. European stocks made more significant gains as investors looked ahead to the Fed meeting.</p>\n<p><b>The buzz</b></p>\n<p>Bitcoin prices hit a record high on Saturday, climbing above the $60,000 milestone. The cryptocurrency has since slipped back and was last trading at $56,272, according to CoinDesk.</p>\n<p>Elon Musk has officially changed his title filing disclosed on Monday.</p>\n<p>Mexican President Andrés Manuel López Obrador criticized the U.S. government on Sunday, saying the U.S. hasn't helped Mexico with COVID-19 vaccines .</p>\n<p>Danone Chairman and Chief Executive Emmanuel Faber will step down , the French food group's board confirmed on Monday. It comes amid pressure from activist investors in recent months.</p>\n<p>Swiss pharmaceutical company Roche Holding said on Monday it has agreed to acquire <a href=\"https://laohu8.com/S/GNMK\">GenMark Diagnostics</a> (GNMK) in a deal valued at approximately $1.8 billion.</p>\n<p>Digital-payments company Stripe said on Sunday it has closed a $600 million funding round that values it at $95 billion -- more than double its valuation a year ago.</p>\n<p>Beyoncé and Taylor Swift made history at the Grammys , where the top awards were won by female musicians.</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>This is when to sell cyclical winners and buy back tech stocks, JPMorgan says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis is when to sell cyclical winners and buy back tech stocks, JPMorgan says\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-03-15 19:38</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n <b>Critical information for the trading day.</b>\n</blockquote>\n<p>U.S. stocks are set to open higher after the Dow Jones Industrial Average and S&amp;P 500 closed at record highs last week.</p>\n<p>It comes as the yield on the U.S. 10-year Treasury held steady at 1.619%. However, attention will quickly turn to the Federal Reserve's meeting on Wednesday, which has become key in the context of rising bond yields in recent weeks. The central bank is under pressure to prevent a further destabilizing rise in yields.</p>\n<p>In our call of the day, JPMorgan strategists said the rise in bond yields wasn't over yet and that it was premature to start selling cyclical stocks and buying back defensive equities, such as healthcare and technology stocks.</p>\n<p>The investment bank's strategists, led by Mislav Matejka, said valuations of cyclical stocks -- those that stand to gain as economic activity picks up -- were beginning to look \"toppy\" after their strong run over the past year.</p>\n<p>European cyclicals, for example, have outperformed defensive stocks by 57% over the past 11 months -- ranking near the top when it comes to past recoveries. As a result they said the bulk of the cyclicals/defensives move \"might be behind us,\" given the size of the cyclicals run and their stretched valuations.</p>\n<p>But the strategists warned it was still \"premature\" to position for a reversal. \"For that, <a href=\"https://laohu8.com/S/AONE\">one</a> needs to see peaking PMIs, weakening relative earnings and an end to rising bond yields,\" they noted.</p>\n<p>Those three crucial things are unlikely to happen just yet, they said, with earnings momentum for cyclicals set to \"continue accelerating over the next few quarters.\" As for purchasing managers indexes, the desynchronized nature of the global cycle -- with China potentially peaking, the U.S. approaching highs and Europe looking to pick up over the summer -- means a peak isn't imminent, they said.</p>\n<p>The key factor for cyclicals remains the direction of bond yields and, importantly, JPMorgan strategists said the upmove in yields wasn't finished yet. \"Yes, in the short term policy makers will keep pushing back, but [they] are likely to accept higher yields down the line, as the economy strengthens.\"</p>\n<p>\"As long as yields are moving up, cyclicals should not be sold,\" they added.</p>\n<p>Value stocks, on the other hand, continue to look very appealing, JPMorgan said, as it focused its long positions on banks and the reopening trade.</p>\n<p><b>The chart</b></p>\n<p>Deutsche Bank (DBK.XE) strategists upgraded their S&amp;P 500 earnings per share <a href=\"https://laohu8.com/S/EPS\">$(EPS)$</a> forecast for 2021 to $202 and for 2022 to $222, following the passage of the $1.9 trillion stimulus package and economic forecast upgrades.</p>\n<p><b>The Tweet</b></p>\n<p>The value of short bets against shares of special purpose acquisition companies (SPACs) has tripled since the start of the year, according to data from S3 Partners published by the Wall Street Journal .</p>\n<p><b>The markets</b></p>\n<p>U.S. stock futures pointed slightly higher ahead of the open. European stocks made more significant gains as investors looked ahead to the Fed meeting.</p>\n<p><b>The buzz</b></p>\n<p>Bitcoin prices hit a record high on Saturday, climbing above the $60,000 milestone. The cryptocurrency has since slipped back and was last trading at $56,272, according to CoinDesk.</p>\n<p>Elon Musk has officially changed his title filing disclosed on Monday.</p>\n<p>Mexican President Andrés Manuel López Obrador criticized the U.S. government on Sunday, saying the U.S. hasn't helped Mexico with COVID-19 vaccines .</p>\n<p>Danone Chairman and Chief Executive Emmanuel Faber will step down , the French food group's board confirmed on Monday. It comes amid pressure from activist investors in recent months.</p>\n<p>Swiss pharmaceutical company Roche Holding said on Monday it has agreed to acquire <a href=\"https://laohu8.com/S/GNMK\">GenMark Diagnostics</a> (GNMK) in a deal valued at approximately $1.8 billion.</p>\n<p>Digital-payments company Stripe said on Sunday it has closed a $600 million funding round that values it at $95 billion -- more than double its valuation a year ago.</p>\n<p>Beyoncé and Taylor Swift made history at the Grammys , where the top awards were won by female musicians.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"JPM":"摩根大通"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2119891230","content_text":"Critical information for the trading day.\n\nU.S. stocks are set to open higher after the Dow Jones Industrial Average and S&P 500 closed at record highs last week.\nIt comes as the yield on the U.S. 10-year Treasury held steady at 1.619%. However, attention will quickly turn to the Federal Reserve's meeting on Wednesday, which has become key in the context of rising bond yields in recent weeks. The central bank is under pressure to prevent a further destabilizing rise in yields.\nIn our call of the day, JPMorgan strategists said the rise in bond yields wasn't over yet and that it was premature to start selling cyclical stocks and buying back defensive equities, such as healthcare and technology stocks.\nThe investment bank's strategists, led by Mislav Matejka, said valuations of cyclical stocks -- those that stand to gain as economic activity picks up -- were beginning to look \"toppy\" after their strong run over the past year.\nEuropean cyclicals, for example, have outperformed defensive stocks by 57% over the past 11 months -- ranking near the top when it comes to past recoveries. As a result they said the bulk of the cyclicals/defensives move \"might be behind us,\" given the size of the cyclicals run and their stretched valuations.\nBut the strategists warned it was still \"premature\" to position for a reversal. \"For that, one needs to see peaking PMIs, weakening relative earnings and an end to rising bond yields,\" they noted.\nThose three crucial things are unlikely to happen just yet, they said, with earnings momentum for cyclicals set to \"continue accelerating over the next few quarters.\" As for purchasing managers indexes, the desynchronized nature of the global cycle -- with China potentially peaking, the U.S. approaching highs and Europe looking to pick up over the summer -- means a peak isn't imminent, they said.\nThe key factor for cyclicals remains the direction of bond yields and, importantly, JPMorgan strategists said the upmove in yields wasn't finished yet. \"Yes, in the short term policy makers will keep pushing back, but [they] are likely to accept higher yields down the line, as the economy strengthens.\"\n\"As long as yields are moving up, cyclicals should not be sold,\" they added.\nValue stocks, on the other hand, continue to look very appealing, JPMorgan said, as it focused its long positions on banks and the reopening trade.\nThe chart\nDeutsche Bank (DBK.XE) strategists upgraded their S&P 500 earnings per share $(EPS)$ forecast for 2021 to $202 and for 2022 to $222, following the passage of the $1.9 trillion stimulus package and economic forecast upgrades.\nThe Tweet\nThe value of short bets against shares of special purpose acquisition companies (SPACs) has tripled since the start of the year, according to data from S3 Partners published by the Wall Street Journal .\nThe markets\nU.S. stock futures pointed slightly higher ahead of the open. European stocks made more significant gains as investors looked ahead to the Fed meeting.\nThe buzz\nBitcoin prices hit a record high on Saturday, climbing above the $60,000 milestone. The cryptocurrency has since slipped back and was last trading at $56,272, according to CoinDesk.\nElon Musk has officially changed his title filing disclosed on Monday.\nMexican President Andrés Manuel López Obrador criticized the U.S. government on Sunday, saying the U.S. hasn't helped Mexico with COVID-19 vaccines .\nDanone Chairman and Chief Executive Emmanuel Faber will step down , the French food group's board confirmed on Monday. It comes amid pressure from activist investors in recent months.\nSwiss pharmaceutical company Roche Holding said on Monday it has agreed to acquire GenMark Diagnostics (GNMK) in a deal valued at approximately $1.8 billion.\nDigital-payments company Stripe said on Sunday it has closed a $600 million funding round that values it at $95 billion -- more than double its valuation a year ago.\nBeyoncé and Taylor Swift made history at the Grammys , where the top awards were won by female 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ETF(ARKF)$haha","images":[{"img":"https://static.tigerbbs.com/415a278680c9a3f4044b113360a6fe0c","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322288850","isVote":1,"tweetType":1,"viewCount":167,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":322281208,"gmtCreate":1615810181604,"gmtModify":1704786840758,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"Buy it","listText":"Buy it","text":"Buy it","images":[{"img":"https://static.tigerbbs.com/2433812e3973ee01fdbbe0ff81702f14","width":"1080","height":"2256"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322281208","isVote":1,"tweetType":1,"viewCount":222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":322283871,"gmtCreate":1615810129193,"gmtModify":1704786838728,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"Niiiiiceee","listText":"Niiiiiceee","text":"Niiiiiceee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322283871","repostId":"322148385","repostType":1,"repost":{"id":322148385,"gmtCreate":1615787567443,"gmtModify":1704786481537,"author":{"id":"36984908995200","authorId":"36984908995200","name":"小虎活动","avatar":"https://static.tigerbbs.com/44a4f89726b3f6319d06a0075bf9ff76","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"36984908995200","authorIdStr":"36984908995200"},"themes":[],"title":"【有獎競猜】預測恆生科技主連一週漲跌幅！","htmlText":"近期恆生科技指數大調整，過往三週累計跌幅達20%。 遙想年初指數尚氣勢如虹，連破9000點10000點11000點整數關口。此刻往績，對比鮮明。 這背後，觸發因素是美國債息持續上升，引發市場驚恐反應。 而說到恆生科技指數，去年7月20日恆指公司宣佈，市值最大的30只科技股票將被納入恆生科技指數成份股，其中包括阿里巴巴、騰訊控股、美團點評、小米集團等，阿里巴巴權重最高。假設新股上市當天收市市值在現有指數成份股中排名前10，該新股將被納入指數。成份股加入一般於該新股上市後的第10個交易日收市後實施。 今日最新走勢，恆生科技指數跌幅擴大至2%，比亞迪電子、京東集團跌超6%，中興通訊跌近5%。依然不利。 當前老虎支持<a target=\"_blank\" href=\"https://laohu8.com/S/03032\">$恆生科技ETF(03032)$</a> ，以及<a target=\"_blank\" href=\"https://laohu8.com/FUT/HTImain\">$恆生科技指數主連(HTImain)$</a> 等期貨產品交易。 虎妞想和虎友們互動的正是，如何看待本週<a target=\"_blank\" href=\"https://laohu8.com/FUT/HTImain\">$恆生科技指數主連(HTImain)$</a> 走勢[賤笑]。歡迎評論區留言說說你的看法。 戳下方投票預測，猜對更有66虎幣獎勵！","listText":"近期恆生科技指數大調整，過往三週累計跌幅達20%。 遙想年初指數尚氣勢如虹，連破9000點10000點11000點整數關口。此刻往績，對比鮮明。 這背後，觸發因素是美國債息持續上升，引發市場驚恐反應。 而說到恆生科技指數，去年7月20日恆指公司宣佈，市值最大的30只科技股票將被納入恆生科技指數成份股，其中包括阿里巴巴、騰訊控股、美團點評、小米集團等，阿里巴巴權重最高。假設新股上市當天收市市值在現有指數成份股中排名前10，該新股將被納入指數。成份股加入一般於該新股上市後的第10個交易日收市後實施。 今日最新走勢，恆生科技指數跌幅擴大至2%，比亞迪電子、京東集團跌超6%，中興通訊跌近5%。依然不利。 當前老虎支持<a target=\"_blank\" href=\"https://laohu8.com/S/03032\">$恆生科技ETF(03032)$</a> ，以及<a target=\"_blank\" href=\"https://laohu8.com/FUT/HTImain\">$恆生科技指數主連(HTImain)$</a> 等期貨產品交易。 虎妞想和虎友們互動的正是，如何看待本週<a target=\"_blank\" href=\"https://laohu8.com/FUT/HTImain\">$恆生科技指數主連(HTImain)$</a> 走勢[賤笑]。歡迎評論區留言說說你的看法。 戳下方投票預測，猜對更有66虎幣獎勵！","text":"近期恆生科技指數大調整，過往三週累計跌幅達20%。 遙想年初指數尚氣勢如虹，連破9000點10000點11000點整數關口。此刻往績，對比鮮明。 這背後，觸發因素是美國債息持續上升，引發市場驚恐反應。 而說到恆生科技指數，去年7月20日恆指公司宣佈，市值最大的30只科技股票將被納入恆生科技指數成份股，其中包括阿里巴巴、騰訊控股、美團點評、小米集團等，阿里巴巴權重最高。假設新股上市當天收市市值在現有指數成份股中排名前10，該新股將被納入指數。成份股加入一般於該新股上市後的第10個交易日收市後實施。 今日最新走勢，恆生科技指數跌幅擴大至2%，比亞迪電子、京東集團跌超6%，中興通訊跌近5%。依然不利。 當前老虎支持$恆生科技ETF(03032)$ ，以及$恆生科技指數主連(HTImain)$ 等期貨產品交易。 虎妞想和虎友們互動的正是，如何看待本週$恆生科技指數主連(HTImain)$ 走勢[賤笑]。歡迎評論區留言說說你的看法。 戳下方投票預測，猜對更有66虎幣獎勵！","images":[{"img":"https://static.tigerbbs.com/1368c8be1dff9f7ff51be16191d50d1f","width":"530","height":"773"},{"img":"https://static.tigerbbs.com/72a78f516fda51974a79a9e65ec54222","width":"463","height":"381"},{"img":"https://static.tigerbbs.com/2356be0af7fc84222e4bf9b24bdd49d9","width":"840","height":"470"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322148385","isVote":2,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"vote":{"id":1395,"gmtBegin":1615787603473,"gmtEnd":1615953600325,"type":1,"upper":1,"title":"預測恆生科技指數主連一週走勢！","choices":[{"id":5188,"sort":1,"name":"漲5%以上","userSize":42,"voted":false},{"id":5189,"sort":2,"name":"漲2%-5%","userSize":65,"voted":false},{"id":5190,"sort":3,"name":"漲2%以內","userSize":29,"voted":false},{"id":5191,"sort":4,"name":"跌2%以內","userSize":24,"voted":false},{"id":5192,"sort":5,"name":"跌2%-5%","userSize":17,"voted":false},{"id":5193,"sort":6,"name":"跌5%以上","userSize":21,"voted":false}]},"comments":[],"imageCount":3,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321988892,"gmtCreate":1615388856916,"gmtModify":1704782125017,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"Amazinggg","listText":"Amazinggg","text":"Amazinggg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/321988892","repostId":"1157854868","repostType":4,"repost":{"id":"1157854868","kind":"news","pubTimestamp":1615379402,"share":"https://ttm.financial/m/news/1157854868?lang=&edition=fundamental","pubTime":"2021-03-10 20:30","market":"fut","language":"en","title":"Wednesday’s Treasury bond auction could make or break the stock market","url":"https://stock-news.laohu8.com/highlight/detail?id=1157854868","media":"cnbc","summary":"Stock traders don’t normally talk about bond auctions, but all this week the 10-year Treasury auctio","content":"<div>\n<p>Stock traders don’t normally talk about bond auctions, but all this week the 10-year Treasury auction that will happen on Wednesday has been the main subject of conversation.“It’s been a long time ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/10/treasury-auctions-are-normally-mundane-affairs-but-wednesdays-could-make-or-break-the-stock-market.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\" 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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\">\nWednesday’s Treasury bond auction could make or break the stock market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 20:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/10/treasury-auctions-are-normally-mundane-affairs-but-wednesdays-could-make-or-break-the-stock-market.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stock traders don’t normally talk about bond auctions, but all this week the 10-year Treasury auction that will happen on Wednesday has been the main subject of conversation.“It’s been a long time ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/10/treasury-auctions-are-normally-mundane-affairs-but-wednesdays-could-make-or-break-the-stock-market.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",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/03/10/treasury-auctions-are-normally-mundane-affairs-but-wednesdays-could-make-or-break-the-stock-market.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1157854868","content_text":"Stock traders don’t normally talk about bond auctions, but all this week the 10-year Treasury auction that will happen on Wednesday has been the main subject of conversation.“It’s been a long time since stock traders have cared about bond auctions,” Matt Maley from Miller Tabak told me. “The number one issue for the stock market now is bond yields.”This belief is widely held on the Street: With the reopening story now largely priced into stocks, interest rates are the marginal mover of the markets.You could smell the panic among stock traders as the 10-year yield moved from 1.1% to 1.5% in less than two weeks at the end of February, which caused tech stocks to tank. Some bond vigilantes predicted yields could move toward 2%.If further stock rallies depend on rates, have they peaked? The 10-year Treasury has taken several runs at breaking out over 1.6% and failed. That is giving some investors hope that the runup is over.Much depends on the outcome of Wednesday’s 10-year auction at 1 pm ET. Some stock bulls believe demand will be strong, particularly from overseas buyers like the Japanese, whose 10-year yield is at 0.1%.Guy Lebas, chief fixed income strategist at Janney Capital Markets, said that foreign demand for U.S. Treasuries has and will remain strong.“What matters is the pace of increases rather than the actual yields,” he told me. “We had a pretty rapid increase in yields at the end of February and early March, and that caused a lot of indigestion. When prices decline like they have, more demand steps in and slows the process.”That includes foreign buyers.“A large part of U.S. Treasuries are owned by overseas entities, it’s roughly 40% of all Treasuries outstanding,” he told me. “Many of those buyers hedge currency risk, so what they care about is the after-hedge yield.  Right now you are getting 1.5% on the 10-year, and you are getting 20 basis points on the currency hedge, so that’s 1.7%. That is a very attractive yield for foreign buyers. There is no place in the world where you can get 1.7% on a currency hedged basis.”That is music to the ears of stock bulls, who are also hopeful that one of the main worries for rising bond yields — inflation — will also quickly settle down.“Whatever price increases we are seeing for commodities is because of pent up demand and because the supply chain is stressed out,” Alec Young, chief investment officer at Tactical Alpha told me. “But whenever the equilibrium goes back in line, you will see prices go back down again. Price increases are due to the reopening, not long-term inflation, and the bond market has over-reacted.”Still, even Young believes the 10 year auction will be the primary mover of the market. “A lot of traders are likely to sit on their hands until the auction,” Maley told me.And if the auction keeps rates near the 1.5% level? That — for Alec Young — will be a sign it is much safer to go back into technology.“Investors want to own tech,” he told me. “There is no deep loyalty to most of the reopening names.  No one wants to overown Carnival Cruise Lines, or United Airlines or even Chevron. They want tech.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":259,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321981681,"gmtCreate":1615388824443,"gmtModify":1704782123531,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"Hiii","listText":"Hiii","text":"Hiii","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/321981681","repostId":"1157854868","repostType":4,"repost":{"id":"1157854868","kind":"news","pubTimestamp":1615379402,"share":"https://ttm.financial/m/news/1157854868?lang=&edition=fundamental","pubTime":"2021-03-10 20:30","market":"fut","language":"en","title":"Wednesday’s Treasury bond auction could make or break the stock market","url":"https://stock-news.laohu8.com/highlight/detail?id=1157854868","media":"cnbc","summary":"Stock traders don’t normally talk about bond auctions, but all this week the 10-year Treasury auctio","content":"<div>\n<p>Stock traders don’t normally talk about bond auctions, but all this week the 10-year Treasury auction that will happen on Wednesday has been the main subject of conversation.“It’s been a long time ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/10/treasury-auctions-are-normally-mundane-affairs-but-wednesdays-could-make-or-break-the-stock-market.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>Wednesday’s Treasury bond auction could make or break the stock market</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\">\nWednesday’s Treasury bond auction could make or break the stock market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-10 20:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/10/treasury-auctions-are-normally-mundane-affairs-but-wednesdays-could-make-or-break-the-stock-market.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stock traders don’t normally talk about bond auctions, but all this week the 10-year Treasury auction that will happen on Wednesday has been the main subject of conversation.“It’s been a long time ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/10/treasury-auctions-are-normally-mundane-affairs-but-wednesdays-could-make-or-break-the-stock-market.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",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/03/10/treasury-auctions-are-normally-mundane-affairs-but-wednesdays-could-make-or-break-the-stock-market.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1157854868","content_text":"Stock traders don’t normally talk about bond auctions, but all this week the 10-year Treasury auction that will happen on Wednesday has been the main subject of conversation.“It’s been a long time since stock traders have cared about bond auctions,” Matt Maley from Miller Tabak told me. “The number one issue for the stock market now is bond yields.”This belief is widely held on the Street: With the reopening story now largely priced into stocks, interest rates are the marginal mover of the markets.You could smell the panic among stock traders as the 10-year yield moved from 1.1% to 1.5% in less than two weeks at the end of February, which caused tech stocks to tank. Some bond vigilantes predicted yields could move toward 2%.If further stock rallies depend on rates, have they peaked? The 10-year Treasury has taken several runs at breaking out over 1.6% and failed. That is giving some investors hope that the runup is over.Much depends on the outcome of Wednesday’s 10-year auction at 1 pm ET. Some stock bulls believe demand will be strong, particularly from overseas buyers like the Japanese, whose 10-year yield is at 0.1%.Guy Lebas, chief fixed income strategist at Janney Capital Markets, said that foreign demand for U.S. Treasuries has and will remain strong.“What matters is the pace of increases rather than the actual yields,” he told me. “We had a pretty rapid increase in yields at the end of February and early March, and that caused a lot of indigestion. When prices decline like they have, more demand steps in and slows the process.”That includes foreign buyers.“A large part of U.S. Treasuries are owned by overseas entities, it’s roughly 40% of all Treasuries outstanding,” he told me. “Many of those buyers hedge currency risk, so what they care about is the after-hedge yield.  Right now you are getting 1.5% on the 10-year, and you are getting 20 basis points on the currency hedge, so that’s 1.7%. That is a very attractive yield for foreign buyers. There is no place in the world where you can get 1.7% on a currency hedged basis.”That is music to the ears of stock bulls, who are also hopeful that one of the main worries for rising bond yields — inflation — will also quickly settle down.“Whatever price increases we are seeing for commodities is because of pent up demand and because the supply chain is stressed out,” Alec Young, chief investment officer at Tactical Alpha told me. “But whenever the equilibrium goes back in line, you will see prices go back down again. Price increases are due to the reopening, not long-term inflation, and the bond market has over-reacted.”Still, even Young believes the 10 year auction will be the primary mover of the market. “A lot of traders are likely to sit on their hands until the auction,” Maley told me.And if the auction keeps rates near the 1.5% level? That — for Alec Young — will be a sign it is much safer to go back into technology.“Investors want to own tech,” he told me. “There is no deep loyalty to most of the reopening names.  No one wants to overown Carnival Cruise Lines, or United Airlines or even Chevron. They want tech.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":226,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321989889,"gmtCreate":1615388775541,"gmtModify":1704782120235,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>niceeee","listText":"<a href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>niceeee","text":"$Taiwan Semiconductor Manufacturing(TSM)$niceeee","images":[{"img":"https://static.tigerbbs.com/918206f40343bb1023ac5ae5fc9cd88a","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/321989889","isVote":1,"tweetType":1,"viewCount":211,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"hots":[{"id":355110266,"gmtCreate":1617034232755,"gmtModify":1704801215996,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ARKF\">$ARK Fintech Innovation ETF(ARKF)$</a>saddddd","listText":"<a href=\"https://laohu8.com/S/ARKF\">$ARK Fintech Innovation ETF(ARKF)$</a>saddddd","text":"$ARK Fintech Innovation ETF(ARKF)$saddddd","images":[{"img":"https://static.tigerbbs.com/086699212541b1da062bd9811399da31","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":1,"link":"https://ttm.financial/post/355110266","isVote":1,"tweetType":1,"viewCount":469,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":325583634,"gmtCreate":1615906296228,"gmtModify":1704788330233,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"Yes is it correct","listText":"Yes is it correct","text":"Yes is it correct","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325583634","repostId":"1103230244","repostType":4,"isVote":1,"tweetType":1,"viewCount":449,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325583904,"gmtCreate":1615906270208,"gmtModify":1704788329909,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"ok great","listText":"ok great","text":"ok great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325583904","repostId":"1121564086","repostType":4,"repost":{"id":"1121564086","kind":"news","pubTimestamp":1615899026,"share":"https://ttm.financial/m/news/1121564086?lang=&edition=fundamental","pubTime":"2021-03-16 20:50","market":"us","language":"en","title":"Larry McDonald Warns \"The Big [Market] Quake Is Coming\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1121564086","media":"zerohedge","summary":"The mood is testy. Yields on Treasuries are rising, the dollar is trending stronger, and major tech ","content":"<p>The mood is testy. Yields on Treasuries are rising, the dollar is trending stronger, and major tech stocks are under pressure. Accordingly, tensions are high when the Federal Reserve decides on the future course of its monetary policy this Wednesday.</p>\n<p><i><b>«The Fed has its back against the wall,»</b></i>says Larry McDonald during a conversation via Zoom. The internationally renowned macro strategist and former senior trader at Lehman Brothers warns that the Federal Reserve has little time to mitigate the explosive situation in the bond and currency markets. Otherwise, he says, the global economy is at risk of another crisis.</p>\n<p>Since last spring, the founder of the independent investment advisor&nbsp;The Bear Traps Report&nbsp;has been&nbsp;recommending investments&nbsp;in the commodity sector, where he believes a new super cycle has begun. He&nbsp;reiterated his recommendation&nbsp;during his last conversation with The Market in late 2020. Today, his call for a big reflation trade has become the consensus on Wall Street.</p>\n<p>In this new interview with The Market/NZZ, which has been edited and condensed for clarity, Larry McDonald tells why he expects the Federal Reserve to resort to yield curve control fairly soon and what that will mean for gold and silver. He also explains why the rotation into commodities and value stocks is only just beginning and where he currently sees the best opportunities for investments.</p>\n<p><b>After the turmoil of the past few weeks, all eyes are on the Federal Reserve. What can investors expect from Wednesday's Fed meeting?</b></p>\n<blockquote>\n <b>We’re at a point where the market is moving way ahead of the Federal Reserve.</b>The Fed is on «outcome-based guidance», but the beast, that serpent in the market, wants more than that. Basically, the market is saying: «The US economy is going to grow 6 or 7% this year, and that will force you to taper in Q3 or Q4.» As investors are pricing in a tapering of the Fed’s asset purchases, financial conditions are tightening; especially in emerging markets, where spreads on credit default swaps are rising. So far, financial conditions are nowhere near extremely dangerous levels. But the problem is everybody thinks we’re in a similar situation as back in 2018.\n</blockquote>\n<p><b>What do you mean by that?</b></p>\n<blockquote>\n Once again, the Fed is playing «Tough Guy»: The market demands a policy pivot, but the Fed is trying to hold on to its path, essentially signaling to investors: «No way, relax». We had a similar set-up in 2013, 2016 and 2018. These were the three most significant monetary policy shifts where market pressures broke the Fed's desired policy path.\n <b>The problem is that back then the Fed had far more rope to play Tough Guy since the economy was stronger. In 2018 for instance</b>, the US economy was creating hundreds of thousands of jobs a month. In contrast, today’s employment-to-population ratio is 3.5 percentage points below January 2020 levels. This means 13 million Americans are outside the labor force. To get back to pre-pandemic levels, the economy has to create more than 540,000 jobs a month for two years.\n</blockquote>\n<p><b>So what does this mean for this week's Fed meeting?</b></p>\n<blockquote>\n <b>The Fed is planet earth’s central bank. Every time they tried to play Tough Guy, they’ve blown up the global economy.</b>This time, the Fed's Tough Guy window is much smaller. In 2018 or 2013 that window was nine to ten months. Now, it’s like two months because the economy is so weak. If they let financial conditions tighten further, they risk a major default cycle.\n <b>The negative multiplier effect of a stronger dollar is much higher to the world economy than the Fed anticipates</b>. They can't afford to let the dollar rip higher, because there is so much dollar denominated debt in the world, so much trade tied to the Greenback. If they blow that up, it will just blow back to the US and force the Fed into a policy shift anyway. It’s like with an oil change at the car repair shop: You can pay now or you can pay later. That’s why the Fed has to pay now.\n</blockquote>\n<p><b>Why?</b></p>\n<blockquote>\n <b>The Fed’s back is against the wall, all points to proactive action on March 17.</b>They must suppress taper fears and cut these risks off, or else they blow up the global economy for the 4th time since 2013. We’re hearing that they’re already getting incoming calls from emerging market central banks right now. If Fed Chairman Jay Powell plays Tough Guy by staying with the current path, without offering further assurances of deeper, more sustainable accommodation, the beast inside the market will keep pushing him until he breaks. We will see a repeat of Q4 2018 and Q1 2019, where the Fed was forced into an utterly embarrassing pivot. One of those is enough for Powell’s legacy, he doesn’t want two.\n</blockquote>\n<p><b>What kind of measures can be expected?</b></p>\n<blockquote>\n <b>Eventually, we will get the taper, but the overwhelming point is other weapons have to come first.</b>A Federal Reserve offering insufficient accommodation places markets in the crosshairs of a risk-off event. The first thing they will try to do is give some hard data points. For example, the US economy has to create 10 million jobs for the Fed to do anything on the balance sheet. Another way they can get out is calendar guidance, but that’s a more sophisticated weaponry. Bottom line, they should just say: «From now until the end of the year QE will continue at $120 billion a month, and we want PCE-inflation to get to between 2 and 2.5% and stay there for 24 months.» With that in place,\n <b>all they have to do is open the door two or three inches for yield curve control, and they can contain the dollar.</b>\n</blockquote>\n<p><b>The last time the Federal Reserve used yield curve control was during the time of World War II. Why would it resort to such a radical measure?</b></p>\n<blockquote>\n <b>Here’s the dirty little secret: Too many Treasury bonds are for sale.</b>There aren’t enough buyers, and that will force the Fed to step in. More than $3.6 trillion of US government paper was issued in 2020 versus $2.9 trillion in the prior year. With the new $1.9 trillion fiscal package coming from Washington, issuance in 2021 is slated to rise to $4 trillion. That’s a lot more than the Fed’s Treasury purchases through QE, so the spread between QE and debt issuance gets much wider. Washington is doing so much fiscal stimulus, I’m confident that this is going to force the Fed into yield curve control by September. If that’s the case, it will pressure the dollar lower and put commodities, value stocks, global cyclicals, materials and emerging markets into rotation overdrive.\n</blockquote>\n<p><b>How come?</b></p>\n<blockquote>\n <b>Yield curve control deployment is the tactical nuclear weaponry.</b>If the Fed throws out yield curve control just as a threat, it will suppress Treasury rates and real yields will go much more negative. Over the last couple of months, the issuance has overpowered inflation expectations. Think of it as a car race: Treasury issuances were driving up yields faster than inflation expectations rose. But if the Fed starts to acknowledge that they are going to bring out new weapons like calendar guidance and yield curve control, then they’re suppressing nominal yields. So if inflation expectations continue to rise, then real yields go big negative – and that’s when gold and silver will take off. I think silver can double from here until early next year. Gold could be up 50%.\n</blockquote>\n<p><b>How can investors best position themselves in this environment?</b></p>\n<blockquote>\n In terms of emerging markets, we’re\n <b>long Chile and Brazil.</b>In Asia, South Korea looks attractive. We also like the KWEB ETF which consists of the big Chinese tech stocks. In the commodity space, we have a position in the XME ETF which owns mainly\n <b>copper and steel names.</b>One of the best companies we own is Teck Resources. This stock is almost like a commodity mutual fund, because the company has exposure to copper, nickel and even energy. Another favorite is Mosaic because in a commodity cycle where you have weather problems around the world,\n <b>agricultural plays are a good bet.</b>\n</blockquote>\n<p><b>What about precious metals?</b></p>\n<blockquote>\n <b>When it comes to precious metals, we love silver miners</b>like Hecla Mining. When the Fed eases its policy, the silver miners will outperform the underlying metal, and they will outperform gold because there is more leverage there.\n</blockquote>\n<p><b>The gold price is down more than 15% since its all-time high in August. What’s the problem?</b></p>\n<blockquote>\n <b>Everyone thinks it’s 2013, so taper fears are sky high for gold. But the Fed cannot repeat its mistakes.</b>They must cap yields if they want to preserve the global economic recovery. Thus, the convexity with gold is very attractive. Every leg lower in real yields will act like a slingshot higher for gold. That’s why we love Newmont. The stock trades at 6x EBITDA with a 4% dividend yield which gives you some downside protection. And remember: The 2011-2016 commodity bust has made the balance sheet of these high quality gold mining companies a lot stronger.\n</blockquote>\n<p><b>President Joe Biden has just signed off on a $1.9 trillion economic program. What are the chances of a second stimulus bill, aimed at infrastructure?</b></p>\n<blockquote>\n It’s important to note that\n <b>a second fiscal deal for 2021 is not a slam dunk.</b>To pass the present $1.9 trillion stimulus bill, the Democrats used reconciliation. It’s a very special trick in US politics, because with reconciliation you don’t need 60 votes to pass a bill in the Senate. All you need is 50 votes. Yet, reconciliation has to be tied to a budget year. This means the next time the Democrats can use it is probably in the fourth quarter, late November or December, and tie it to the following year's budget. So the only way to do an infrastructure bill in the next six months is with a traditional piece of legislation.\n</blockquote>\n<p><b>Is that even possible, given how wide the rift between Republicans and Democrats has opened in recent years?</b></p>\n<blockquote>\n For that you need essentially ten Republicans. Right now, the centrists on the Hill, people like Mitt Romney on the Republican side or Joe Manchin on the Democrat side, are the most powerful people in Washington. They want to do an infrastructure program, but they want to finance it with tax revenue. They don’t believe in things like Modern Monetary Theory where the Fed is financing the deficit.\n <b>So you are going to need a tax hike. And in this regard, we’re hearing they could go after some type of flat tax on the FAANGs, the big technology companies.</b>\n</blockquote>\n<p><b>What does this mean for Apple, Google, Facebook and other tech heavyweights?</b></p>\n<blockquote>\n Keep in mind, we’re in a populist revolution:\n <b>The risk of inequality leading to social unrest is high, and that puts pressure on politicians to pass bills to tax the rich.</b>But a wealth tax is extremely complicated, it would take years. The simplest way to do something in terms of taxes is to tax larger companies. In the eighties, the top 100 companies in the US maintained about 45 to 50% of total profits. Today, the largest 20 companies command about 85 to 90%. In addition to that, close to 40% of the S&amp;P 500’s market cap is related to tech. So tech is the low hanging fruit for the populists in Congress to go after.\n</blockquote>\n<p><b>One more reason why tech stocks remain under pressure?</b></p>\n<blockquote>\n We run a bunch of models. For example, we look at Berkshire Hathaway’s share price versus the Nasdaq 100 or the Dow Jones Industrial versus the Nasdaq. March 8th was the second time in 2021 that the Nasdaq closed down 2% with the Dow closing higher.\n <b>We haven’t seen this type of data since the dotcom crash. It’s a very rare event which historically coincides with a longer-term rotation out of technology stocks. That’s a very encouraging signal for value stocks.</b>In this regard, we like the EWU ETF. It’s a wonderful basket of stocks because it’s full of financials and world class names like BP, Rio Tinto or Glencore. Officially, it’s called the United Kingdom ETF, but it’s more like a global value ETF.\n</blockquote>\n<p><b>Does this mean that the rotation towards cyclical stocks has only just begun?</b></p>\n<blockquote>\n <b>Many investors around the world are long a portfolio of stocks that was designed for the deflationary environment of the previous decade.</b>The decade ahead of us - with all what’s ahead in terms of fiscal and monetary stimulus, populism, regulation and taxes - will push investors toward more globally value related stocks. That’s where the best returns are going to be.\n</blockquote>\n<p><b>So the previously successful «buy the dip» strategy of simply buying more tech stocks after every decline no longer works?</b></p>\n<blockquote>\n <b>The potency of dip-buying is in decay mode.</b>Global value is really starting to kick tech in the teeth, and when that happens, it wakes up what's called «real money». Keep in mind: There is fast money, mostly hedge funds which are nimble and make quick moves. In contrast, real money moves slowly. Those types of investors don’t make asset allocation decisions quickly. They base their decisions on committees and all kinds of meetings. As a result, tectonic plates are shifting beneath our feet. We’ve seen tremors after tremors where value is starting to crush growth, and now the earthquake is coming. At Bear Traps, we have a Bloomberg chat with 650 institutional investors, and I can tell just by these conversations, that the real money is starting to move.\n <b>And when the real money moves, that’s when the big quake happens.</b>\n</blockquote>\n<p><b>What kind of dislocations will this cause?</b></p>\n<blockquote>\n <b>Tech will probably be down 30 to 40% sometime between now and the end of October.</b>Today, the market cap of the Nasdaq 100 is close to $12 trillion, but most large-cap tech stocks are unchanged since July last year, while commodity and value-related equities are up 20 to 50%. In the US, if you talk to a hundred high-net-worth families, every one of those families owns Apple, Google, Facebook and Amazon. But look what’s happening: Amazon’s stock is flat since the 4th of July 2020. That's $1.5 trillion of dead money. Last Friday, Amazon failed at the 200-day moving average again.\n <b>This is like Mike Tyson getting defeated by Buster Douglas, one of the greatest upsets in sports history. This psychology is moving through the market, pushing the capital migration process into value and commodity plays.</b>\n</blockquote>\n<p><b>However, investments in commodities are mostly not compliant with the trend towards ESG standards; especially when it comes to CO2 emissions.</b></p>\n<blockquote>\n <b>The best ESG trade on the board is nuclear power. The largest uranium company in the US is Cameco with a $7 market cap.</b>Think about that relative to Elon Musk’s net worth! I support the Green New Deal, but this needs time, because solar and wind are still too far away to produce the amount of energy needed around the world, especially in India and China. The only way to meet that demand is through nuclear power. Uranium is coming out of a ten-year bear market, and it’s going into a massive new bull market. All the contracts between power plants and uranium producers are going to be adjusted. That’s why we like the URA ETF which owns companies like Cameco. I see some of these companies as six baggers: 500% upside potential and 30 to 40% downside risk, because uranium is still a risky commodity.\n</blockquote>\n<p><b>In our&nbsp;last conversation, you recommended investments in the energy sector. Since then, names such as Chevron, Royal Dutch Shell or Exxon Mobil have advanced 25 to 60%. What do you advise investors to do now?</b></p>\n<blockquote>\n <b>For now, we’ve cut our energy book:</b>We’ve sold half of our shares in Chevron, and we’ve sold two thirds of our positions in Exxon Mobil and in the XLE ETF. What happens when you get into the fourth, fifth and sixth innings of a commodity cycle, tertiary sectors like metallurgical coal become more attractive. Sure, met coal, also known as coking coal, is not ESG friendly, but there is no way around it for steel production and hence the construction of skyscrapers, bridges and things like that. So coming into this infrastructure boom all around the world, coal has plenty of upside. That’s why we own names like Arch Resources and Peabody Energy. They’re low-leveraged, and really cheap, once again, on a risk/reward basis.\n</blockquote>\n<p><b>What are the biggest dangers to watch out for in the coming weeks and months?</b></p>\n<blockquote>\n <b>One spot to watch are all these forbearance deals in commercial real estate.</b>When we come out of Covid and the vaccines and the stimulus money are juicing through the economy, the market will be forcing the release of the forbearance on a lot of these loans. So if people don’t come back fast enough to the cities, these commercial real estate loans are going to get reset. This would mean some big defaults, and the banks own a lot of these loans. Also, a lot of leveraged loans are really rich. And then, there is potentially a fiscal cliff:\n <b>The sustainability of the $1.9 trillion stimulus package isn’t that great because a lot of it is just transfer payments replacing lost income for people staying at home. That’s why the US needs a second stimulus bill. If we don’t get a second bill, we are going to have a problem in about a year from now.</b>\n</blockquote>","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>Larry McDonald Warns \"The Big [Market] Quake Is Coming\"</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\">\nLarry McDonald Warns \"The Big [Market] Quake Is Coming\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 20:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/larry-mcdonald-warns-big-market-quake-coming><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The mood is testy. Yields on Treasuries are rising, the dollar is trending stronger, and major tech stocks are under pressure. Accordingly, tensions are high when the Federal Reserve decides on the ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/larry-mcdonald-warns-big-market-quake-coming\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/markets/larry-mcdonald-warns-big-market-quake-coming","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121564086","content_text":"The mood is testy. Yields on Treasuries are rising, the dollar is trending stronger, and major tech stocks are under pressure. Accordingly, tensions are high when the Federal Reserve decides on the future course of its monetary policy this Wednesday.\n«The Fed has its back against the wall,»says Larry McDonald during a conversation via Zoom. The internationally renowned macro strategist and former senior trader at Lehman Brothers warns that the Federal Reserve has little time to mitigate the explosive situation in the bond and currency markets. Otherwise, he says, the global economy is at risk of another crisis.\nSince last spring, the founder of the independent investment advisor The Bear Traps Report has been recommending investments in the commodity sector, where he believes a new super cycle has begun. He reiterated his recommendation during his last conversation with The Market in late 2020. Today, his call for a big reflation trade has become the consensus on Wall Street.\nIn this new interview with The Market/NZZ, which has been edited and condensed for clarity, Larry McDonald tells why he expects the Federal Reserve to resort to yield curve control fairly soon and what that will mean for gold and silver. He also explains why the rotation into commodities and value stocks is only just beginning and where he currently sees the best opportunities for investments.\nAfter the turmoil of the past few weeks, all eyes are on the Federal Reserve. What can investors expect from Wednesday's Fed meeting?\n\nWe’re at a point where the market is moving way ahead of the Federal Reserve.The Fed is on «outcome-based guidance», but the beast, that serpent in the market, wants more than that. Basically, the market is saying: «The US economy is going to grow 6 or 7% this year, and that will force you to taper in Q3 or Q4.» As investors are pricing in a tapering of the Fed’s asset purchases, financial conditions are tightening; especially in emerging markets, where spreads on credit default swaps are rising. So far, financial conditions are nowhere near extremely dangerous levels. But the problem is everybody thinks we’re in a similar situation as back in 2018.\n\nWhat do you mean by that?\n\n Once again, the Fed is playing «Tough Guy»: The market demands a policy pivot, but the Fed is trying to hold on to its path, essentially signaling to investors: «No way, relax». We had a similar set-up in 2013, 2016 and 2018. These were the three most significant monetary policy shifts where market pressures broke the Fed's desired policy path.\n The problem is that back then the Fed had far more rope to play Tough Guy since the economy was stronger. In 2018 for instance, the US economy was creating hundreds of thousands of jobs a month. In contrast, today’s employment-to-population ratio is 3.5 percentage points below January 2020 levels. This means 13 million Americans are outside the labor force. To get back to pre-pandemic levels, the economy has to create more than 540,000 jobs a month for two years.\n\nSo what does this mean for this week's Fed meeting?\n\nThe Fed is planet earth’s central bank. Every time they tried to play Tough Guy, they’ve blown up the global economy.This time, the Fed's Tough Guy window is much smaller. In 2018 or 2013 that window was nine to ten months. Now, it’s like two months because the economy is so weak. If they let financial conditions tighten further, they risk a major default cycle.\n The negative multiplier effect of a stronger dollar is much higher to the world economy than the Fed anticipates. They can't afford to let the dollar rip higher, because there is so much dollar denominated debt in the world, so much trade tied to the Greenback. If they blow that up, it will just blow back to the US and force the Fed into a policy shift anyway. It’s like with an oil change at the car repair shop: You can pay now or you can pay later. That’s why the Fed has to pay now.\n\nWhy?\n\nThe Fed’s back is against the wall, all points to proactive action on March 17.They must suppress taper fears and cut these risks off, or else they blow up the global economy for the 4th time since 2013. We’re hearing that they’re already getting incoming calls from emerging market central banks right now. If Fed Chairman Jay Powell plays Tough Guy by staying with the current path, without offering further assurances of deeper, more sustainable accommodation, the beast inside the market will keep pushing him until he breaks. We will see a repeat of Q4 2018 and Q1 2019, where the Fed was forced into an utterly embarrassing pivot. One of those is enough for Powell’s legacy, he doesn’t want two.\n\nWhat kind of measures can be expected?\n\nEventually, we will get the taper, but the overwhelming point is other weapons have to come first.A Federal Reserve offering insufficient accommodation places markets in the crosshairs of a risk-off event. The first thing they will try to do is give some hard data points. For example, the US economy has to create 10 million jobs for the Fed to do anything on the balance sheet. Another way they can get out is calendar guidance, but that’s a more sophisticated weaponry. Bottom line, they should just say: «From now until the end of the year QE will continue at $120 billion a month, and we want PCE-inflation to get to between 2 and 2.5% and stay there for 24 months.» With that in place,\n all they have to do is open the door two or three inches for yield curve control, and they can contain the dollar.\n\nThe last time the Federal Reserve used yield curve control was during the time of World War II. Why would it resort to such a radical measure?\n\nHere’s the dirty little secret: Too many Treasury bonds are for sale.There aren’t enough buyers, and that will force the Fed to step in. More than $3.6 trillion of US government paper was issued in 2020 versus $2.9 trillion in the prior year. With the new $1.9 trillion fiscal package coming from Washington, issuance in 2021 is slated to rise to $4 trillion. That’s a lot more than the Fed’s Treasury purchases through QE, so the spread between QE and debt issuance gets much wider. Washington is doing so much fiscal stimulus, I’m confident that this is going to force the Fed into yield curve control by September. If that’s the case, it will pressure the dollar lower and put commodities, value stocks, global cyclicals, materials and emerging markets into rotation overdrive.\n\nHow come?\n\nYield curve control deployment is the tactical nuclear weaponry.If the Fed throws out yield curve control just as a threat, it will suppress Treasury rates and real yields will go much more negative. Over the last couple of months, the issuance has overpowered inflation expectations. Think of it as a car race: Treasury issuances were driving up yields faster than inflation expectations rose. But if the Fed starts to acknowledge that they are going to bring out new weapons like calendar guidance and yield curve control, then they’re suppressing nominal yields. So if inflation expectations continue to rise, then real yields go big negative – and that’s when gold and silver will take off. I think silver can double from here until early next year. Gold could be up 50%.\n\nHow can investors best position themselves in this environment?\n\n In terms of emerging markets, we’re\n long Chile and Brazil.In Asia, South Korea looks attractive. We also like the KWEB ETF which consists of the big Chinese tech stocks. In the commodity space, we have a position in the XME ETF which owns mainly\n copper and steel names.One of the best companies we own is Teck Resources. This stock is almost like a commodity mutual fund, because the company has exposure to copper, nickel and even energy. Another favorite is Mosaic because in a commodity cycle where you have weather problems around the world,\n agricultural plays are a good bet.\n\nWhat about precious metals?\n\nWhen it comes to precious metals, we love silver minerslike Hecla Mining. When the Fed eases its policy, the silver miners will outperform the underlying metal, and they will outperform gold because there is more leverage there.\n\nThe gold price is down more than 15% since its all-time high in August. What’s the problem?\n\nEveryone thinks it’s 2013, so taper fears are sky high for gold. But the Fed cannot repeat its mistakes.They must cap yields if they want to preserve the global economic recovery. Thus, the convexity with gold is very attractive. Every leg lower in real yields will act like a slingshot higher for gold. That’s why we love Newmont. The stock trades at 6x EBITDA with a 4% dividend yield which gives you some downside protection. And remember: The 2011-2016 commodity bust has made the balance sheet of these high quality gold mining companies a lot stronger.\n\nPresident Joe Biden has just signed off on a $1.9 trillion economic program. What are the chances of a second stimulus bill, aimed at infrastructure?\n\n It’s important to note that\n a second fiscal deal for 2021 is not a slam dunk.To pass the present $1.9 trillion stimulus bill, the Democrats used reconciliation. It’s a very special trick in US politics, because with reconciliation you don’t need 60 votes to pass a bill in the Senate. All you need is 50 votes. Yet, reconciliation has to be tied to a budget year. This means the next time the Democrats can use it is probably in the fourth quarter, late November or December, and tie it to the following year's budget. So the only way to do an infrastructure bill in the next six months is with a traditional piece of legislation.\n\nIs that even possible, given how wide the rift between Republicans and Democrats has opened in recent years?\n\n For that you need essentially ten Republicans. Right now, the centrists on the Hill, people like Mitt Romney on the Republican side or Joe Manchin on the Democrat side, are the most powerful people in Washington. They want to do an infrastructure program, but they want to finance it with tax revenue. They don’t believe in things like Modern Monetary Theory where the Fed is financing the deficit.\n So you are going to need a tax hike. And in this regard, we’re hearing they could go after some type of flat tax on the FAANGs, the big technology companies.\n\nWhat does this mean for Apple, Google, Facebook and other tech heavyweights?\n\n Keep in mind, we’re in a populist revolution:\n The risk of inequality leading to social unrest is high, and that puts pressure on politicians to pass bills to tax the rich.But a wealth tax is extremely complicated, it would take years. The simplest way to do something in terms of taxes is to tax larger companies. In the eighties, the top 100 companies in the US maintained about 45 to 50% of total profits. Today, the largest 20 companies command about 85 to 90%. In addition to that, close to 40% of the S&P 500’s market cap is related to tech. So tech is the low hanging fruit for the populists in Congress to go after.\n\nOne more reason why tech stocks remain under pressure?\n\n We run a bunch of models. For example, we look at Berkshire Hathaway’s share price versus the Nasdaq 100 or the Dow Jones Industrial versus the Nasdaq. March 8th was the second time in 2021 that the Nasdaq closed down 2% with the Dow closing higher.\n We haven’t seen this type of data since the dotcom crash. It’s a very rare event which historically coincides with a longer-term rotation out of technology stocks. That’s a very encouraging signal for value stocks.In this regard, we like the EWU ETF. It’s a wonderful basket of stocks because it’s full of financials and world class names like BP, Rio Tinto or Glencore. Officially, it’s called the United Kingdom ETF, but it’s more like a global value ETF.\n\nDoes this mean that the rotation towards cyclical stocks has only just begun?\n\nMany investors around the world are long a portfolio of stocks that was designed for the deflationary environment of the previous decade.The decade ahead of us - with all what’s ahead in terms of fiscal and monetary stimulus, populism, regulation and taxes - will push investors toward more globally value related stocks. That’s where the best returns are going to be.\n\nSo the previously successful «buy the dip» strategy of simply buying more tech stocks after every decline no longer works?\n\nThe potency of dip-buying is in decay mode.Global value is really starting to kick tech in the teeth, and when that happens, it wakes up what's called «real money». Keep in mind: There is fast money, mostly hedge funds which are nimble and make quick moves. In contrast, real money moves slowly. Those types of investors don’t make asset allocation decisions quickly. They base their decisions on committees and all kinds of meetings. As a result, tectonic plates are shifting beneath our feet. We’ve seen tremors after tremors where value is starting to crush growth, and now the earthquake is coming. At Bear Traps, we have a Bloomberg chat with 650 institutional investors, and I can tell just by these conversations, that the real money is starting to move.\n And when the real money moves, that’s when the big quake happens.\n\nWhat kind of dislocations will this cause?\n\nTech will probably be down 30 to 40% sometime between now and the end of October.Today, the market cap of the Nasdaq 100 is close to $12 trillion, but most large-cap tech stocks are unchanged since July last year, while commodity and value-related equities are up 20 to 50%. In the US, if you talk to a hundred high-net-worth families, every one of those families owns Apple, Google, Facebook and Amazon. But look what’s happening: Amazon’s stock is flat since the 4th of July 2020. That's $1.5 trillion of dead money. Last Friday, Amazon failed at the 200-day moving average again.\n This is like Mike Tyson getting defeated by Buster Douglas, one of the greatest upsets in sports history. This psychology is moving through the market, pushing the capital migration process into value and commodity plays.\n\nHowever, investments in commodities are mostly not compliant with the trend towards ESG standards; especially when it comes to CO2 emissions.\n\nThe best ESG trade on the board is nuclear power. The largest uranium company in the US is Cameco with a $7 market cap.Think about that relative to Elon Musk’s net worth! I support the Green New Deal, but this needs time, because solar and wind are still too far away to produce the amount of energy needed around the world, especially in India and China. The only way to meet that demand is through nuclear power. Uranium is coming out of a ten-year bear market, and it’s going into a massive new bull market. All the contracts between power plants and uranium producers are going to be adjusted. That’s why we like the URA ETF which owns companies like Cameco. I see some of these companies as six baggers: 500% upside potential and 30 to 40% downside risk, because uranium is still a risky commodity.\n\nIn our last conversation, you recommended investments in the energy sector. Since then, names such as Chevron, Royal Dutch Shell or Exxon Mobil have advanced 25 to 60%. What do you advise investors to do now?\n\nFor now, we’ve cut our energy book:We’ve sold half of our shares in Chevron, and we’ve sold two thirds of our positions in Exxon Mobil and in the XLE ETF. What happens when you get into the fourth, fifth and sixth innings of a commodity cycle, tertiary sectors like metallurgical coal become more attractive. Sure, met coal, also known as coking coal, is not ESG friendly, but there is no way around it for steel production and hence the construction of skyscrapers, bridges and things like that. So coming into this infrastructure boom all around the world, coal has plenty of upside. That’s why we own names like Arch Resources and Peabody Energy. They’re low-leveraged, and really cheap, once again, on a risk/reward basis.\n\nWhat are the biggest dangers to watch out for in the coming weeks and months?\n\nOne spot to watch are all these forbearance deals in commercial real estate.When we come out of Covid and the vaccines and the stimulus money are juicing through the economy, the market will be forcing the release of the forbearance on a lot of these loans. So if people don’t come back fast enough to the cities, these commercial real estate loans are going to get reset. This would mean some big defaults, and the banks own a lot of these loans. Also, a lot of leveraged loans are really rich. And then, there is potentially a fiscal cliff:\n The sustainability of the $1.9 trillion stimulus package isn’t that great because a lot of it is just transfer payments replacing lost income for people staying at home. That’s why the US needs a second stimulus bill. If we don’t get a second bill, we are going to have a problem in about a year from now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":140,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322288415,"gmtCreate":1615810293537,"gmtModify":1704786841750,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ARKF\">$ARK Fintech Innovation ETF(ARKF)$</a>niceee","listText":"<a href=\"https://laohu8.com/S/ARKF\">$ARK Fintech Innovation ETF(ARKF)$</a>niceee","text":"$ARK Fintech Innovation ETF(ARKF)$niceee","images":[{"img":"https://static.tigerbbs.com/415a278680c9a3f4044b113360a6fe0c","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322288415","isVote":1,"tweetType":1,"viewCount":295,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":368791070,"gmtCreate":1614351623790,"gmtModify":1704771086565,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"Good to present","listText":"Good to present","text":"Good to present","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/368791070","repostId":"1100894452","repostType":4,"repost":{"id":"1100894452","kind":"news","pubTimestamp":1614328628,"share":"https://ttm.financial/m/news/1100894452?lang=&edition=fundamental","pubTime":"2021-02-26 16:37","market":"us","language":"en","title":"DoorDash Earnings Show Rapid Growth: Why I'm Bearish Anyways","url":"https://stock-news.laohu8.com/highlight/detail?id=1100894452","media":"seekingalpha","summary":"Summary\n\nDASH reported strong triple-digit top line growth in its first quarter as a public company.","content":"<p><b>Summary</b></p>\n<ul>\n <li>DASH reported strong triple-digit top line growth in its first quarter as a public company.</li>\n <li>The pandemic has created a perfect environment for food delivery companies, but DASH was still unable to earn a profit.</li>\n <li>DASH trades at a nosebleed 73 times forward contribution profits.</li>\n <li>I am bearish on the stock as it appears unlikely to generate satisfactory returns.</li>\n</ul>\n<p>DoorDash&nbsp;(DASH) has reported its first quarter as a public company. At one point, DASH traded over 100% higher than its IPO price of $102 per share, and heading into its earnings report it still traded more than 60% higher. This past quarter showed phenomenal top-line growth and the company guided for 2021 to see further growth in spite of tough comparables. In spite of the insane growth it showed in 2020, DASH was not profitable on either a GAAP or non-GAAP basis.</p>\n<p>That should spook investors as other tech names that benefited from the pandemic saw huge boosts to profitability. DASH might eventually be able to report profits as it gains scale, but the lack of profitability in 2020 suggests that operating leverage may prove difficult to come by. I am bearish on the stock at current valuations.</p>\n<p><b>Blockbuster Top Line Growth, No Profits</b></p>\n<p>DASH saw its network report strong growth of 87% year over year for marketplace partner stores and 158% year over year for drive partner stores. Marketplace partners stores are those that show up in theDoorDashapp and Drive Partner stores are those which use their own website but rely onDoorDashto fulfill delivery:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f69874662354b0b0860c72b71d831034\" tg-width=\"1280\" tg-height=\"640\"><span>(2020 Q4 Shareholder Letter)</span></p>\n<p>DASH reported blistering 226% revenue growth in the quarter and 226% revenue growth for the full year:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/0caed2684d31742ad9fe124229dc455a\" tg-width=\"882\" tg-height=\"426\"><span>(2020 Q4 Shareholder Letter)</span></p>\n<p>Forgive me for stating, but as the reader probably knows, DASH’s line of business is in food delivery. The pandemic created a perfect environment for this business segment, as social distancing restrictions essentially made food delivery the “only option” for many restaurants. In spite of this perfect environment, DASH was nonetheless unable to show GAAP profitability:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9dfa00381c181c33c9097a245519dcce\" tg-width=\"878\" tg-height=\"424\"><span>(2020 Q4 Shareholder Letter)</span></p>\n<p>Even if we add back stock-based compensation, DASH was barely able to generate $10 million in adjusted net income for the fourth quarter and lost $139 million in adjusted net income for the year. Consider that Zoom (ZM), another pandemic beneficiary, generated&nbsp;25.5% GAAP net margins in the third quarter. Shopify (SHOP) generated&nbsp;12.7% GAAP net margins in its latest quarter. Why is DASH unable to generate profits during what might prove to be a peak year?</p>\n<p>DASH discloses a metric called “contribution profit” which, as we can see below, is only 23.7% of revenues:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/42ffb1d6669048f1ee78b712c4020f70\" tg-width=\"866\" tg-height=\"416\"><span>(2020 Q4 Shareholder Letter)</span></p>\n<p>DASH defines Contribution Profit in itsS-1as follows:</p>\n<blockquote>\n “We define Contribution Profit (Loss) as our gross profit (loss) less sales and marketing expense plus (i) depreciation and amortization expense related to cost of revenue, (II) stock-based compensation expense included in cost of revenue and sales and marketing expenses, and (III) allocated overhead included in cost of revenue and sales and marketing expenses. Gross profit (loss) is defined as revenue less (i) cost of revenue, exclusive of depreciation and amortization and (II) depreciation and amortization related to cost of revenue.”\n</blockquote>\n<p>It is the following statement (also from the S-1) that leads me to believe that contribution profit is a better proxy for gross profit as typically used by other companies:</p>\n<blockquote>\n “We believe that Contribution Profit (Loss) is a useful indicator of the economic impact of orders fulfilled through DoorDash as it takes into account the direct expenses associated with generating and fulfilling orders.”\n</blockquote>\n<p>What does this all mean? The traditional meaning of gross profit is meant to represent the incremental profit from each dollar sold by the business. DASH’s contribution profit can be considered to be its true gross profit because it takes into account, among other things, the sales and marketing expenses associated with each sale. The typical tech company that I cover has gross profit margin upwards of 65%. There, the high gross margin suggests that operating leverage may eventually pave the way for strong profits in the future, even if the companies are not currently profitable. DASH’s contribution profit margin is a mere 23.7%, suggesting that the path to profitability will be<b>much</b>harder than tech peers.</p>\n<p>DASH guided for this upcoming year to see Marketplace GOV of $30 billion to $33 billion, up 28% from $24.7 billion in 2020. I estimate this to equate to roughly $3.7 billion in revenue. At recent prices, DASH trades at 17 times forward revenues, which is rich but at first not obviously bubbly in light of the 28% growth rate. However, price to sales is meaningless for DASH because of its low gross margins. I estimate that DASH will earn $877 million in contribution profit in 2021.</p>\n<p>DASH trades at 73 times that number, which makes no sense in comparison to the 23.7% growth rate. It is very rare to see tech companies (with high gross margins) trading at a price to sales multiple even equivalent to their growth rate. I consider such multiples to be bubbly. Yet DASH would trade at $54 per share if it traded at 23.7 times forward contribution profits. Shares have 70% downside to that price.</p>\n<p><b>Conclusion</b></p>\n<p>2020 was a year in which many tech stocks proved the naysayers wrong. Wall Street appears to have become comfortable purchasing stocks of unprofitable tech companies because operating leverage may lead to high profits in the future. Not all tech companies are created equal - DASH’s low effective gross margins suggest that on a comparable basis, its valuation is much more expensive than it looks.</p>\n<p>Even if all the projected contribution profit growth flows directly to the bottom line, then DASH would still earn only $75 million in adjusted net income (that’s after excluding stock-based compensation). Shares trade at 746 times that number. While I am in general comfortable with paying a fair multiple for high quality tech companies, DASH appears to be the poster child of the tech bubble.</p>","source":"seekingalpha","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>DoorDash Earnings Show Rapid Growth: Why I'm Bearish Anyways</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\">\nDoorDash Earnings Show Rapid Growth: Why I'm Bearish Anyways\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 16:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4409243-doordash-earnings-show-rapid-growth-why-i-am-bearish-anyways><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nDASH reported strong triple-digit top line growth in its first quarter as a public company.\nThe pandemic has created a perfect environment for food delivery companies, but DASH was still ...</p>\n\n<a href=\"https://seekingalpha.com/article/4409243-doordash-earnings-show-rapid-growth-why-i-am-bearish-anyways\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DASH":"DoorDash, Inc."},"source_url":"https://seekingalpha.com/article/4409243-doordash-earnings-show-rapid-growth-why-i-am-bearish-anyways","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1100894452","content_text":"Summary\n\nDASH reported strong triple-digit top line growth in its first quarter as a public company.\nThe pandemic has created a perfect environment for food delivery companies, but DASH was still unable to earn a profit.\nDASH trades at a nosebleed 73 times forward contribution profits.\nI am bearish on the stock as it appears unlikely to generate satisfactory returns.\n\nDoorDash (DASH) has reported its first quarter as a public company. At one point, DASH traded over 100% higher than its IPO price of $102 per share, and heading into its earnings report it still traded more than 60% higher. This past quarter showed phenomenal top-line growth and the company guided for 2021 to see further growth in spite of tough comparables. In spite of the insane growth it showed in 2020, DASH was not profitable on either a GAAP or non-GAAP basis.\nThat should spook investors as other tech names that benefited from the pandemic saw huge boosts to profitability. DASH might eventually be able to report profits as it gains scale, but the lack of profitability in 2020 suggests that operating leverage may prove difficult to come by. I am bearish on the stock at current valuations.\nBlockbuster Top Line Growth, No Profits\nDASH saw its network report strong growth of 87% year over year for marketplace partner stores and 158% year over year for drive partner stores. Marketplace partners stores are those that show up in theDoorDashapp and Drive Partner stores are those which use their own website but rely onDoorDashto fulfill delivery:\n(2020 Q4 Shareholder Letter)\nDASH reported blistering 226% revenue growth in the quarter and 226% revenue growth for the full year:\n(2020 Q4 Shareholder Letter)\nForgive me for stating, but as the reader probably knows, DASH’s line of business is in food delivery. The pandemic created a perfect environment for this business segment, as social distancing restrictions essentially made food delivery the “only option” for many restaurants. In spite of this perfect environment, DASH was nonetheless unable to show GAAP profitability:\n(2020 Q4 Shareholder Letter)\nEven if we add back stock-based compensation, DASH was barely able to generate $10 million in adjusted net income for the fourth quarter and lost $139 million in adjusted net income for the year. Consider that Zoom (ZM), another pandemic beneficiary, generated 25.5% GAAP net margins in the third quarter. Shopify (SHOP) generated 12.7% GAAP net margins in its latest quarter. Why is DASH unable to generate profits during what might prove to be a peak year?\nDASH discloses a metric called “contribution profit” which, as we can see below, is only 23.7% of revenues:\n(2020 Q4 Shareholder Letter)\nDASH defines Contribution Profit in itsS-1as follows:\n\n “We define Contribution Profit (Loss) as our gross profit (loss) less sales and marketing expense plus (i) depreciation and amortization expense related to cost of revenue, (II) stock-based compensation expense included in cost of revenue and sales and marketing expenses, and (III) allocated overhead included in cost of revenue and sales and marketing expenses. Gross profit (loss) is defined as revenue less (i) cost of revenue, exclusive of depreciation and amortization and (II) depreciation and amortization related to cost of revenue.”\n\nIt is the following statement (also from the S-1) that leads me to believe that contribution profit is a better proxy for gross profit as typically used by other companies:\n\n “We believe that Contribution Profit (Loss) is a useful indicator of the economic impact of orders fulfilled through DoorDash as it takes into account the direct expenses associated with generating and fulfilling orders.”\n\nWhat does this all mean? The traditional meaning of gross profit is meant to represent the incremental profit from each dollar sold by the business. DASH’s contribution profit can be considered to be its true gross profit because it takes into account, among other things, the sales and marketing expenses associated with each sale. The typical tech company that I cover has gross profit margin upwards of 65%. There, the high gross margin suggests that operating leverage may eventually pave the way for strong profits in the future, even if the companies are not currently profitable. DASH’s contribution profit margin is a mere 23.7%, suggesting that the path to profitability will bemuchharder than tech peers.\nDASH guided for this upcoming year to see Marketplace GOV of $30 billion to $33 billion, up 28% from $24.7 billion in 2020. I estimate this to equate to roughly $3.7 billion in revenue. At recent prices, DASH trades at 17 times forward revenues, which is rich but at first not obviously bubbly in light of the 28% growth rate. However, price to sales is meaningless for DASH because of its low gross margins. I estimate that DASH will earn $877 million in contribution profit in 2021.\nDASH trades at 73 times that number, which makes no sense in comparison to the 23.7% growth rate. It is very rare to see tech companies (with high gross margins) trading at a price to sales multiple even equivalent to their growth rate. I consider such multiples to be bubbly. Yet DASH would trade at $54 per share if it traded at 23.7 times forward contribution profits. Shares have 70% downside to that price.\nConclusion\n2020 was a year in which many tech stocks proved the naysayers wrong. Wall Street appears to have become comfortable purchasing stocks of unprofitable tech companies because operating leverage may lead to high profits in the future. Not all tech companies are created equal - DASH’s low effective gross margins suggest that on a comparable basis, its valuation is much more expensive than it looks.\nEven if all the projected contribution profit growth flows directly to the bottom line, then DASH would still earn only $75 million in adjusted net income (that’s after excluding stock-based compensation). Shares trade at 746 times that number. While I am in general comfortable with paying a fair multiple for high quality tech companies, DASH appears to be the poster child of the tech bubble.","news_type":1},"isVote":1,"tweetType":1,"viewCount":117,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355110128,"gmtCreate":1617034173664,"gmtModify":1704801215336,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"Great to view","listText":"Great to view","text":"Great to view","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/355110128","repostId":"1108487611","repostType":4,"isVote":1,"tweetType":1,"viewCount":191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350481392,"gmtCreate":1616252675116,"gmtModify":1704792492658,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"Yesss","listText":"Yesss","text":"Yesss","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/350481392","repostId":"1197492329","repostType":4,"repost":{"id":"1197492329","kind":"news","pubTimestamp":1616153345,"share":"https://ttm.financial/m/news/1197492329?lang=&edition=fundamental","pubTime":"2021-03-19 19:29","market":"us","language":"en","title":"This is the key question that will determine whether stimulus money overheats the economy","url":"https://stock-news.laohu8.com/highlight/detail?id=1197492329","media":"marketwatch","summary":"Critical information for the trading day.The question still reverberating in financial markets is to","content":"<blockquote><b>Critical information for the trading day.</b></blockquote><p>The question still reverberating in financial markets is to what degree the $1.9 trillion coronavirus relief will be spent, either immediately or if the virus recedes enough for shoppers to be allowed, and wanting, to go out.</p><p>This column previously pointed to surveys of both how the initial $600 stimulus was used, and plans for the $1,400 that has arrived for many households, to suggest much of it won’t be deployed into the economy.</p><p>Another way to look at it is if households perceive the stimulus to be additional income or additional wealth. Studies have shown that the propensity to spend out of wealth is just 5%, while the propensity to spend out of income ranges from 10% to 50%, according to a recent speech from Gertjan Vlieghe, a voting member of the Bank of England’s Monetary Policy Committee.</p><p>Dhaval Joshi, chief strategist at BCA Research, says whether the new stimulus is considered wealth or income depends on whether the household receiving it has a low or high income to begin with. But looking at past stimulus checks, there weren’t meaningful shifts in either consumption or inflation.</p><p>Accordingly, he thinks market expectations about inflation are getting carried away. He also says — in a note written before Thursday’s plunge in crude-oil prices — that inflation expectations are positively correlated with high commodity prices, even though actual inflation tends to drop when commodity prices are high.</p><p>“Given that the bond market is useless at predicting inflation, it is also useless at assessing real interest rates,” he says. If the bond market is exaggerating the future level of inflation, than the correct inflation-adjusted bond yield should be even higher. “The important takeaway right now is that in any comparison with the real bond yield, equities and other risk-assets are even more expensive than they appear.”</p><p><b>Frosty talks in China</b></p><p>Talks between the U.S. and China got off to a frosty start in Alaska, with public criticism made by each side in opening remarks.</p><p>FedEx FDX, -0.88% may climb after the delivery service said fiscal third-quarter earnings rose by more than analysts anticipated and guided for a stronger current quarter than expected.</p><p>Nike NKE, -1.14% may slip after the apparel maker reported slower sales growth than expected in its fiscal third quarter.</p><p>Chubb CB, -2.63% has made a $65 per share offer to buy rival insurer Hartford Financial Services Group HIG, +18.71%.</p><p>The Bank of Japan removed targets for purchasing exchange-traded funds and real-estate investment trusts and widened the band it will allow 10 year bonds to trade in.</p><p><b>Oil recovering, a little</b></p><p>After the 7% plunge in crude-oil prices on Thursday, light-sweet crude futures CL.1, 0.50% were a bit higher. Analysts at UBS say to focus on the pace of COVID-19 vaccinations, which should help ease restrictions and support oil demand.</p><p>The yield on the 10-year Treasury TMUBMUSD10Y, 1.701% fell slightly to 1.69%. U.S. stock futures ES00, 0.29% NQ00, 0.53% were higher.</p><p><b>Bitcoin flows mirror stock flows</b></p><p>Is bitcoin BTCUSD, 1.62% a diversifier? It is a huge debate in markets, that several major banks have taken on in just the last two weeks. Sven Henrich, the technical analyst who runs the Northman Trader website, produced this chart, showing that correlation between the weekly flows into bitcoin and stocks is at the highest level ever.</p><p></p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This is the key question that will determine whether stimulus money overheats the economy</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\">\nThis is the key question that will determine whether stimulus money overheats the economy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 19:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/this-is-the-key-question-that-will-determine-whether-stimulus-money-overheats-the-economy-11616150658?mod=home-page><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Critical information for the trading day.The question still reverberating in financial markets is to what degree the $1.9 trillion coronavirus relief will be spent, either immediately or if the virus ...</p>\n\n<a href=\"https://www.marketwatch.com/story/this-is-the-key-question-that-will-determine-whether-stimulus-money-overheats-the-economy-11616150658?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/this-is-the-key-question-that-will-determine-whether-stimulus-money-overheats-the-economy-11616150658?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1197492329","content_text":"Critical information for the trading day.The question still reverberating in financial markets is to what degree the $1.9 trillion coronavirus relief will be spent, either immediately or if the virus recedes enough for shoppers to be allowed, and wanting, to go out.This column previously pointed to surveys of both how the initial $600 stimulus was used, and plans for the $1,400 that has arrived for many households, to suggest much of it won’t be deployed into the economy.Another way to look at it is if households perceive the stimulus to be additional income or additional wealth. Studies have shown that the propensity to spend out of wealth is just 5%, while the propensity to spend out of income ranges from 10% to 50%, according to a recent speech from Gertjan Vlieghe, a voting member of the Bank of England’s Monetary Policy Committee.Dhaval Joshi, chief strategist at BCA Research, says whether the new stimulus is considered wealth or income depends on whether the household receiving it has a low or high income to begin with. But looking at past stimulus checks, there weren’t meaningful shifts in either consumption or inflation.Accordingly, he thinks market expectations about inflation are getting carried away. He also says — in a note written before Thursday’s plunge in crude-oil prices — that inflation expectations are positively correlated with high commodity prices, even though actual inflation tends to drop when commodity prices are high.“Given that the bond market is useless at predicting inflation, it is also useless at assessing real interest rates,” he says. If the bond market is exaggerating the future level of inflation, than the correct inflation-adjusted bond yield should be even higher. “The important takeaway right now is that in any comparison with the real bond yield, equities and other risk-assets are even more expensive than they appear.”Frosty talks in ChinaTalks between the U.S. and China got off to a frosty start in Alaska, with public criticism made by each side in opening remarks.FedEx FDX, -0.88% may climb after the delivery service said fiscal third-quarter earnings rose by more than analysts anticipated and guided for a stronger current quarter than expected.Nike NKE, -1.14% may slip after the apparel maker reported slower sales growth than expected in its fiscal third quarter.Chubb CB, -2.63% has made a $65 per share offer to buy rival insurer Hartford Financial Services Group HIG, +18.71%.The Bank of Japan removed targets for purchasing exchange-traded funds and real-estate investment trusts and widened the band it will allow 10 year bonds to trade in.Oil recovering, a littleAfter the 7% plunge in crude-oil prices on Thursday, light-sweet crude futures CL.1, 0.50% were a bit higher. Analysts at UBS say to focus on the pace of COVID-19 vaccinations, which should help ease restrictions and support oil demand.The yield on the 10-year Treasury TMUBMUSD10Y, 1.701% fell slightly to 1.69%. U.S. stock futures ES00, 0.29% NQ00, 0.53% were higher.Bitcoin flows mirror stock flowsIs bitcoin BTCUSD, 1.62% a diversifier? It is a huge debate in markets, that several major banks have taken on in just the last two weeks. Sven Henrich, the technical analyst who runs the Northman Trader website, produced this chart, showing that correlation between the weekly flows into bitcoin and stocks is at the highest level ever.","news_type":1},"isVote":1,"tweetType":1,"viewCount":386,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322288850,"gmtCreate":1615810245270,"gmtModify":1704786841421,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ARKF\">$ARK Fintech Innovation ETF(ARKF)$</a>haha","listText":"<a href=\"https://laohu8.com/S/ARKF\">$ARK Fintech Innovation ETF(ARKF)$</a>haha","text":"$ARK Fintech Innovation ETF(ARKF)$haha","images":[{"img":"https://static.tigerbbs.com/415a278680c9a3f4044b113360a6fe0c","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322288850","isVote":1,"tweetType":1,"viewCount":167,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":368795215,"gmtCreate":1614351785537,"gmtModify":1704771092061,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"Ok to speech but i perfer likr this<a href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>","listText":"Ok to speech but i perfer likr this<a href=\"https://laohu8.com/S/TSM\">$Taiwan Semiconductor Manufacturing(TSM)$</a>","text":"Ok to speech but i perfer likr this$Taiwan Semiconductor Manufacturing(TSM)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/368795215","repostId":"1181374212","repostType":4,"repost":{"id":"1181374212","kind":"news","pubTimestamp":1614335737,"share":"https://ttm.financial/m/news/1181374212?lang=&edition=fundamental","pubTime":"2021-02-26 18:35","market":"hk","language":"en","title":"Trading tax hike won’t harm competitiveness of Hong Kong’s stock market, says financial secretary","url":"https://stock-news.laohu8.com/highlight/detail?id=1181374212","media":"cnbc","summary":"Hong Kong’s plan to increase the stamp duty on stock trading will not harm the competitiveness of the city’s financial markets, Financial Secretary Paul Chan told CNBC on Friday.Chan said in his budget speech on Wednesday that the government will raise the stamp duty paid on listed stock trades from 0.1% to 0.13%.The move “will not harm our competitiveness and at the same time will bring additional revenue to the government at this juncture,” said Chan.Chan said in his budget speech on Wednesday","content":"<div>\n<p>KEY POINTS\n\nHong Kong’s plan to increase the stamp duty on stock trading will not harm the competitiveness of the city’s financial markets, Financial Secretary Paul Chan told CNBC on Friday.\nChan said...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/26/trading-tax-hike-wont-harm-hong-kongs-stock-market-financial-secretary.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>Trading tax hike won’t harm competitiveness of Hong Kong’s stock market, says financial secretary</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\">\nTrading tax hike won’t harm competitiveness of Hong Kong’s stock market, says financial secretary\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 18:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/26/trading-tax-hike-wont-harm-hong-kongs-stock-market-financial-secretary.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nHong Kong’s plan to increase the stamp duty on stock trading will not harm the competitiveness of the city’s financial markets, Financial Secretary Paul Chan told CNBC on Friday.\nChan said...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/26/trading-tax-hike-wont-harm-hong-kongs-stock-market-financial-secretary.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSCEI":"国企指数","00388":"香港交易所","HSCCI":"红筹指数","HSI":"恒生指数"},"source_url":"https://www.cnbc.com/2021/02/26/trading-tax-hike-wont-harm-hong-kongs-stock-market-financial-secretary.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1181374212","content_text":"KEY POINTS\n\nHong Kong’s plan to increase the stamp duty on stock trading will not harm the competitiveness of the city’s financial markets, Financial Secretary Paul Chan told CNBC on Friday.\nChan said in his budget speech on Wednesday that the government will raise the stamp duty paid on listed stock trades from 0.1% to 0.13%.\nThe move “will not harm our competitiveness and at the same time will bring additional revenue to the government at this juncture,” said Chan.\n\nHong Kong’s plan to increase the stamp duty on stock trading will not harm the competitiveness of the city’s financial markets, Financial Secretary Paul Chan told CNBC on Friday.\nChan said in his budget speech on Wednesday that the government will raise the stamp duty paid on listed stock trades from 0.1% to 0.13%.The announcement sparked a sell-off in shares of the operator of the city’s stock exchange, and the broader Hong Kong market.\n“The Hong Kong market has been doing very well, very active, the volume has gone up quite a bit,” Chan told CNBC’s Emily Tan.\n“So, perhaps this is the time for us to increase a little bit on the stamp duty which will not harm our competitiveness and at the same time will bring additional revenue to the government at this juncture,” he added.\nThe financial secretary said Hong Kong authorities have in recent years launched different initiatives to enhance the competitiveness of the city’s stock market. That includes allowing listings of dual-class shares and attracting U.S.-listed Chinese companies to seek a secondary listing in Hong Kong, he said.\nHong Kong in 2020 was one of the top markets for listings globally as Chinese firms such as e-commerce giant JD.com and gaming company NetEase raised funds through secondary listings.\nIn total, the city’s stock exchange saw 132 initial public offerings worth $32.1 billion, and 199 further offerings worth $62.9 billion last year, according to data compiled by consultancy PwC.\nWith such “robust” capital markets activity, raising the trading stamp duty may offer Hong Kong “a quick solution” to increase its tax revenue in the short term, said Stanley Ho, a partner for corporate tax advisory at consultancy KPMG China.\n“However, it is also important for Hong Kong’s capital markets to stay competitive with global financial markets, many of which are trending towards reducing or removing such duties,” Ho said in a statement after Chan’s budget speech.\nChan said he remains confident of Hong Kong’s prospects as an international financial center.\nHe explained that the government is working on promoting Hong Kong as a center for sustainable and green finance, developing further the city’s fixed income markets and encouraging more activity in the asset and wealth management sectors.\nOn the stock market sell-off after his announcement of the trading tax hike, Chan said Hong Kong wasn’t the only one experiencing a “downward adjustment” following a previous run-up.\n“So, I would not be bothered by temporary fluctuations in the market. What we believe is we continue to work hard to enhance the offering of our market to further enhance the competitiveness and attractiveness of the Hong Kong market,” he said.\n“We will continue to attract inflow of international capital.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":196,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":368704590,"gmtCreate":1614351504110,"gmtModify":1704771081009,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"Great n good","listText":"Great n good","text":"Great n good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/368704590","repostId":"1181374212","repostType":4,"repost":{"id":"1181374212","kind":"news","pubTimestamp":1614335737,"share":"https://ttm.financial/m/news/1181374212?lang=&edition=fundamental","pubTime":"2021-02-26 18:35","market":"hk","language":"en","title":"Trading tax hike won’t harm competitiveness of Hong Kong’s stock market, says financial secretary","url":"https://stock-news.laohu8.com/highlight/detail?id=1181374212","media":"cnbc","summary":"Hong Kong’s plan to increase the stamp duty on stock trading will not harm the competitiveness of the city’s financial markets, Financial Secretary Paul Chan told CNBC on Friday.Chan said in his budget speech on Wednesday that the government will raise the stamp duty paid on listed stock trades from 0.1% to 0.13%.The move “will not harm our competitiveness and at the same time will bring additional revenue to the government at this juncture,” said Chan.Chan said in his budget speech on Wednesday","content":"<div>\n<p>KEY POINTS\n\nHong Kong’s plan to increase the stamp duty on stock trading will not harm the competitiveness of the city’s financial markets, Financial Secretary Paul Chan told CNBC on Friday.\nChan said...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/26/trading-tax-hike-wont-harm-hong-kongs-stock-market-financial-secretary.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>Trading tax hike won’t harm competitiveness of Hong Kong’s stock market, says financial secretary</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\">\nTrading tax hike won’t harm competitiveness of Hong Kong’s stock market, says financial secretary\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-26 18:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/26/trading-tax-hike-wont-harm-hong-kongs-stock-market-financial-secretary.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nHong Kong’s plan to increase the stamp duty on stock trading will not harm the competitiveness of the city’s financial markets, Financial Secretary Paul Chan told CNBC on Friday.\nChan said...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/26/trading-tax-hike-wont-harm-hong-kongs-stock-market-financial-secretary.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"HSCEI":"国企指数","00388":"香港交易所","HSCCI":"红筹指数","HSI":"恒生指数"},"source_url":"https://www.cnbc.com/2021/02/26/trading-tax-hike-wont-harm-hong-kongs-stock-market-financial-secretary.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1181374212","content_text":"KEY POINTS\n\nHong Kong’s plan to increase the stamp duty on stock trading will not harm the competitiveness of the city’s financial markets, Financial Secretary Paul Chan told CNBC on Friday.\nChan said in his budget speech on Wednesday that the government will raise the stamp duty paid on listed stock trades from 0.1% to 0.13%.\nThe move “will not harm our competitiveness and at the same time will bring additional revenue to the government at this juncture,” said Chan.\n\nHong Kong’s plan to increase the stamp duty on stock trading will not harm the competitiveness of the city’s financial markets, Financial Secretary Paul Chan told CNBC on Friday.\nChan said in his budget speech on Wednesday that the government will raise the stamp duty paid on listed stock trades from 0.1% to 0.13%.The announcement sparked a sell-off in shares of the operator of the city’s stock exchange, and the broader Hong Kong market.\n“The Hong Kong market has been doing very well, very active, the volume has gone up quite a bit,” Chan told CNBC’s Emily Tan.\n“So, perhaps this is the time for us to increase a little bit on the stamp duty which will not harm our competitiveness and at the same time will bring additional revenue to the government at this juncture,” he added.\nThe financial secretary said Hong Kong authorities have in recent years launched different initiatives to enhance the competitiveness of the city’s stock market. That includes allowing listings of dual-class shares and attracting U.S.-listed Chinese companies to seek a secondary listing in Hong Kong, he said.\nHong Kong in 2020 was one of the top markets for listings globally as Chinese firms such as e-commerce giant JD.com and gaming company NetEase raised funds through secondary listings.\nIn total, the city’s stock exchange saw 132 initial public offerings worth $32.1 billion, and 199 further offerings worth $62.9 billion last year, according to data compiled by consultancy PwC.\nWith such “robust” capital markets activity, raising the trading stamp duty may offer Hong Kong “a quick solution” to increase its tax revenue in the short term, said Stanley Ho, a partner for corporate tax advisory at consultancy KPMG China.\n“However, it is also important for Hong Kong’s capital markets to stay competitive with global financial markets, many of which are trending towards reducing or removing such duties,” Ho said in a statement after Chan’s budget speech.\nChan said he remains confident of Hong Kong’s prospects as an international financial center.\nHe explained that the government is working on promoting Hong Kong as a center for sustainable and green finance, developing further the city’s fixed income markets and encouraging more activity in the asset and wealth management sectors.\nOn the stock market sell-off after his announcement of the trading tax hike, Chan said Hong Kong wasn’t the only one experiencing a “downward adjustment” following a previous run-up.\n“So, I would not be bothered by temporary fluctuations in the market. What we believe is we continue to work hard to enhance the offering of our market to further enhance the competitiveness and attractiveness of the Hong Kong market,” he said.\n“We will continue to attract inflow of international capital.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":33,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350481070,"gmtCreate":1616252654090,"gmtModify":1704792492496,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"Nicee","listText":"Nicee","text":"Nicee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/350481070","repostId":"1135216146","repostType":4,"isVote":1,"tweetType":1,"viewCount":219,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350483496,"gmtCreate":1616252642315,"gmtModify":1704792492171,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"Nice to read","listText":"Nice to read","text":"Nice to read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/350483496","repostId":"1135216146","repostType":4,"isVote":1,"tweetType":1,"viewCount":284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325588355,"gmtCreate":1615906376777,"gmtModify":1704788333637,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/ARKF\">$ARK Fintech Innovation ETF(ARKF)$</a>nicee","listText":"<a href=\"https://laohu8.com/S/ARKF\">$ARK Fintech Innovation ETF(ARKF)$</a>nicee","text":"$ARK Fintech Innovation ETF(ARKF)$nicee","images":[{"img":"https://static.tigerbbs.com/62edfa2ecedf21c499a892799bc1d18b","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325588355","isVote":1,"tweetType":1,"viewCount":434,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":322287044,"gmtCreate":1615810615288,"gmtModify":1704786847636,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"Nicceeee","listText":"Nicceeee","text":"Nicceeee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322287044","repostId":"2119912637","repostType":4,"isVote":1,"tweetType":1,"viewCount":381,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322286866,"gmtCreate":1615810328755,"gmtModify":1704786842562,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"Omggg","listText":"Omggg","text":"Omggg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322286866","repostId":"2119891230","repostType":4,"isVote":1,"tweetType":1,"viewCount":176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":384615894,"gmtCreate":1613646826118,"gmtModify":1704883135061,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"Good interest","listText":"Good interest","text":"Good interest","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/384615894","repostId":"1102078157","repostType":4,"repost":{"id":"1102078157","kind":"news","pubTimestamp":1613643052,"share":"https://ttm.financial/m/news/1102078157?lang=&edition=fundamental","pubTime":"2021-02-18 18:10","market":"sg","language":"en","title":"Singapore Exchange hopes to list SPACs as early as this year","url":"https://stock-news.laohu8.com/highlight/detail?id=1102078157","media":"Bloomberg","summary":"[SINGAPORE] The Singapore Exchange (SGX)could list blank-cheque companies this year if it gets enoug","content":"<p>[SINGAPORE] The Singapore Exchange (SGX)could list blank-cheque companies&nbsp;this year if it gets enough support from the industry.</p><p>An impending marketconsultation on special purpose acquisition companies&nbsp;(SPAC)this quarter could take some time to get feedback, chief executive officer (CEO) Loh Boon Chye said in an interview Wednesday.</p><p>\"If the market is supportive, we hope to be able to do that sometime this year.\"</p><p>SPACs became a buzzword last year, sprouting by the dozen as the rich and famous - from hedge fund billionaire Bill Ackman to former US Speaker of the House Paul Ryan - and private equity firms rushed to set up new ones.</p><p>SPACs are increasingly seen as an appealing alternative route to public markets because the process avoids the risk and uncertainty of an initial public offering, though they've also been criticised for their structure, where managers - the founders - collect fees as an incentive to find a target and complete a deal. Many blank-cheque companies have turned to Asia to seek takeover targets.</p><p>The concept isn't new to the Singapore exchange. It had initiated a consultation on SPAC listings in 2010 - but there wasn't enough appetite among businesses and investors back then.</p><p>\"The world has changed, capital markets have evolved since then,\" said Mr Loh, who took over as CEO in 2015 after a long career in banking. He added that lower-for-longer interest rates, shorter business cycles, volatile markets and stimulus measures are heightening the need for and the ability to seek capital. SPACs could facilitate that while minimising market risk exposure by providing another avenue for investment, he said.</p><p>SPACs could be a way to revive investor interest in Singapore's stock market. The bourse has struggled to attract big-ticket IPOs over the past few years particularly in hot sectors such as technology. While the market volatility of 2020 was a boon, the value of shares traded remained below its five-year average.</p><p>SGX expects stock market listings this year in various sectors including technology, he said, as it awaits the mega IPO of Thai Beverage's brewery unit. The amount raised in first-time share sales in the city-state slumped to US$914 million last year from US$3.4 billion in 2017, according to data compiled by Bloomberg.</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>Singapore Exchange hopes to list SPACs as early as this year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nSingapore Exchange hopes to list SPACs as early as this year\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-18 18:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/companies-markets/singapore-exchange-hopes-to-list-spacs-as-early-as-this-year><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>[SINGAPORE] The Singapore Exchange (SGX)could list blank-cheque companies this year if it gets enough support from the industry.An impending marketconsultation on special purpose acquisition companies...</p>\n\n<a href=\"https://www.businesstimes.com.sg/companies-markets/singapore-exchange-hopes-to-list-spacs-as-early-as-this-year\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.businesstimes.com.sg/companies-markets/singapore-exchange-hopes-to-list-spacs-as-early-as-this-year","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102078157","content_text":"[SINGAPORE] The Singapore Exchange (SGX)could list blank-cheque companies this year if it gets enough support from the industry.An impending marketconsultation on special purpose acquisition companies (SPAC)this quarter could take some time to get feedback, chief executive officer (CEO) Loh Boon Chye said in an interview Wednesday.\"If the market is supportive, we hope to be able to do that sometime this year.\"SPACs became a buzzword last year, sprouting by the dozen as the rich and famous - from hedge fund billionaire Bill Ackman to former US Speaker of the House Paul Ryan - and private equity firms rushed to set up new ones.SPACs are increasingly seen as an appealing alternative route to public markets because the process avoids the risk and uncertainty of an initial public offering, though they've also been criticised for their structure, where managers - the founders - collect fees as an incentive to find a target and complete a deal. Many blank-cheque companies have turned to Asia to seek takeover targets.The concept isn't new to the Singapore exchange. It had initiated a consultation on SPAC listings in 2010 - but there wasn't enough appetite among businesses and investors back then.\"The world has changed, capital markets have evolved since then,\" said Mr Loh, who took over as CEO in 2015 after a long career in banking. He added that lower-for-longer interest rates, shorter business cycles, volatile markets and stimulus measures are heightening the need for and the ability to seek capital. SPACs could facilitate that while minimising market risk exposure by providing another avenue for investment, he said.SPACs could be a way to revive investor interest in Singapore's stock market. The bourse has struggled to attract big-ticket IPOs over the past few years particularly in hot sectors such as technology. While the market volatility of 2020 was a boon, the value of shares traded remained below its five-year average.SGX expects stock market listings this year in various sectors including technology, he said, as it awaits the mega IPO of Thai Beverage's brewery unit. The amount raised in first-time share sales in the city-state slumped to US$914 million last year from US$3.4 billion in 2017, according to data compiled by Bloomberg.","news_type":1},"isVote":1,"tweetType":1,"viewCount":55,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350489765,"gmtCreate":1616252502457,"gmtModify":1704792490877,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"Niceee&nbsp;","listText":"Niceee&nbsp;","text":"Niceee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/350489765","repostId":"1117450855","repostType":4,"repost":{"id":"1117450855","kind":"news","pubTimestamp":1616166767,"share":"https://ttm.financial/m/news/1117450855?lang=&edition=fundamental","pubTime":"2021-03-19 23:12","market":"us","language":"en","title":"Powell says Fed will keep supporting economy ‘for as long as it takes’","url":"https://stock-news.laohu8.com/highlight/detail?id=1117450855","media":"marketwatch","summary":"Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.Federal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”In an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.“The danger to the U.S. economy was grave. The challenge was to limit the severity and duration o","content":"<blockquote>\n <b>Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.</b>\n</blockquote>\n<p>Federal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”</p>\n<p>In an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.</p>\n<p>“The danger to the U.S. economy was grave. The challenge was to limit the severity and duration of the fallout to avoid longer-run damage,” he said.</p>\n<p>Powell and his colleagues engineered a rapid response to the crisis, based on the lesson learned from slow recovery to the Great Recession of 2008-2009 that swift action might have been better.</p>\n<p>The central bank quickly slashed its policy interest rate to zero and launched an open-ended asset purchase program known as quantitative easing.</p>\n<p>With economists penciling in strong growth for 2021 and more Americans getting vaccinated every day, financial markets are wondering how long Fed support will last.</p>\n<p>In the op-ed, Powell said the situation “is much improved.”</p>\n<p>“But the recovery is far from complete, so at the Fed we will continue to provide the economy with the support that it needs for as long as it takes,” Powell said.</p>\n<p>“I truly believe that we will emerge from this crisis stronger and better, as we have done so often before,” he said.</p>\n<p>On Wednesday, the Fed recommitted to its easy money policy stance at its latest policy meeting despite a forecast for stronger economic growth and higher inflation this year.</p>\n<p>The Fed chairman did not mention the outlook for inflation in his Friday article . Many on Wall Street are worried that the economy will overheat before the Fed pulls back its easy policy stance.</p>\n<p>Yields on the 10-year Treasury noteTMUBMUSD10Y,1.734%have risen to 1.73% this week after starting the year below 1%.</p>\n<p>Stocks were trading lower on Friday, with the Dow Jones Industrial AverageDJIA,-0.71%down 187 points in mid-morning trading.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Powell says Fed will keep supporting economy ‘for as long as it takes’</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 Fed will keep supporting economy ‘for as long as it takes’\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 23:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/powell-says-fed-will-keep-supporting-economy-for-as-long-as-it-takes-11616165178?mod=home-page><strong>marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.\n\nFederal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” ...</p>\n\n<a href=\"https://www.marketwatch.com/story/powell-says-fed-will-keep-supporting-economy-for-as-long-as-it-takes-11616165178?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/powell-says-fed-will-keep-supporting-economy-for-as-long-as-it-takes-11616165178?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1117450855","content_text":"Outlook is brightening, but recovery ‘far from complete,’ Fed chairman says in WSJ op-ed.\n\nFederal Reserve Chairman Jerome Powell on Friday said that while the U.S. economic outlook is “brightening,” the recovery is “far from complete.”\nIn an op-ed published in the Wall Street Journal,Powell recounted the moment last February when he realized that the coronavirus pandemic would sweep across the country.\n“The danger to the U.S. economy was grave. The challenge was to limit the severity and duration of the fallout to avoid longer-run damage,” he said.\nPowell and his colleagues engineered a rapid response to the crisis, based on the lesson learned from slow recovery to the Great Recession of 2008-2009 that swift action might have been better.\nThe central bank quickly slashed its policy interest rate to zero and launched an open-ended asset purchase program known as quantitative easing.\nWith economists penciling in strong growth for 2021 and more Americans getting vaccinated every day, financial markets are wondering how long Fed support will last.\nIn the op-ed, Powell said the situation “is much improved.”\n“But the recovery is far from complete, so at the Fed we will continue to provide the economy with the support that it needs for as long as it takes,” Powell said.\n“I truly believe that we will emerge from this crisis stronger and better, as we have done so often before,” he said.\nOn Wednesday, the Fed recommitted to its easy money policy stance at its latest policy meeting despite a forecast for stronger economic growth and higher inflation this year.\nThe Fed chairman did not mention the outlook for inflation in his Friday article . Many on Wall Street are worried that the economy will overheat before the Fed pulls back its easy policy stance.\nYields on the 10-year Treasury noteTMUBMUSD10Y,1.734%have risen to 1.73% this week after starting the year below 1%.\nStocks were trading lower on Friday, with the Dow Jones Industrial AverageDJIA,-0.71%down 187 points in mid-morning trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":323,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325588196,"gmtCreate":1615906390815,"gmtModify":1704788333151,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"Nicee","listText":"Nicee","text":"Nicee","images":[{"img":"https://static.tigerbbs.com/253e5c718213ea0303833cd198b7b655","width":"1080","height":"2157"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325588196","isVote":1,"tweetType":1,"viewCount":365,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":325581904,"gmtCreate":1615906325508,"gmtModify":1704788331206,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"Nicre good","listText":"Nicre good","text":"Nicre good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325581904","repostId":"1152144890","repostType":4,"repost":{"id":"1152144890","kind":"news","pubTimestamp":1615900369,"share":"https://ttm.financial/m/news/1152144890?lang=&edition=fundamental","pubTime":"2021-03-16 21:12","market":"us","language":"en","title":"Stocks and Bitcoin could get a $40 billion influx of stimulus cash: At the Open","url":"https://stock-news.laohu8.com/highlight/detail?id=1152144890","media":"seekingalpha","summary":"A slight bid remains in stock futures after late buying on Monday brought about new record closes.\nT","content":"<p>A slight bid remains in stock futures after late buying on Monday brought about new record closes.</p>\n<p>The 10-year Treasury yield is little changed, hovering around 1.6% with the Federal Reserve's two-day policy meeting starting today.</p>\n<p>About $530B of the $1.9T relief bill was actual stimulus, and an infrastructure bill will be more important to&nbsp;growth because there is a political, economic and social need to build back middle-income earners, TS Lombard Steven Blitz says. But he adds that it's perplexing that a plan to boost capital investment would includea hike in capital gains taxes.</p>\n<p>President Joe Biden is eyeing the first major U.S. tax hike since 1993, with corporations and wealthier individuals in focus.</p>\n<p>Looking at the ratio of tax receipts to GDP (chart below), the relationship is remarkably stable since 1950, DataTrek says.</p>\n<p>Aside \"from that Great Recession low, Federal tax receipts have moved in a reliable band of 15 – 20 percent of GDP for going on 70 years. Marginal individual and corporate tax rates have varied considerably over the period, but it has not mattered very much in terms of how much GDP ends up going to Washington\"</p>\n<p>Last year's tax receipts weren't anywhere near as bad as the Great Recession, but the large fiscal stimulus is a big asterisk, DataTrek adds.</p>\n<p>Today, Seeking Alpha contributor Cliff Droke writes that stimulus funds willboost cyclical stocks, even if they come with rising interest rates.</p>\n<p>(NYSEARCA:SPY)&nbsp;+0.2%premarket,(NASDAQ:QQQ)&nbsp;+0.6%,(NYSEARCA:DIA)&nbsp;+0.1%,(NYSEARCA:TBT)&nbsp;-0.4%,(NASDAQ:TLT)&nbsp;-0.1%</p>\n<p>And as direct stimulus checks start arriving in bank accounts, markets can expect to see a sizable portion of stimulus funds, according to a recent survey.</p>\n<p>Mizuho Securities surveyed 235 people who expect to get checks, with 20% expecting to allocate up to 20% of the checks to Bitcoin (BTC-USD), stocks or both. In addition, 13% would invest up to 80% and 2% would invest 80% of more.</p>\n<p>About 10% of $380B sent out in direct checks could be invested, approaching $40B, according to Mizuho.</p>\n<p>\"Bitcoin is the preferred investment choice among check recipients. It comprises nearly 60% of the incremental spend, which may imply $25 billion of incremental spend on bitcoin from stimulus checks,” Mizuho analysts Dan Dolev and Ryan Coyne wrote in a note, according to MarketWatch.</p>\n<p>As this year's tax refund season gets underway, a portion of those checks, in many cases larger than the $1,400 payments just sent, could also find its way into the markets.</p>\n<p>DataTrek Research notes:</p>\n<p>The average refund size is down just 0.7% from 2020 at $2,990.</p>\n<p>Tax season is off to a slow start, with 25% fewer returns filed, which will delay refund checks.</p>\n<p>The number of refunds is down 32%, more than the decline in returns, which \"points to the possibility that many Americans who customarily get a refund will not receive one this year.\"</p>\n<p>About $530B of the $1.9T relief bill was actual stimulus, and an infrastructure bill will be more important to&nbsp;growth because there is a political, economic and social need to build back middle-income earners, TS Lombard Steven Blitz says. But he adds that it's perplexing that a plan to boost capital investment would includea hike in capital gains taxes.</p>\n<p>President Joe Biden is eyeing the first major U.S. tax hike since 1993, with corporations and wealthier individuals in focus.</p>\n<p>Looking at the ratio of tax receipts to GDP (chart below), the relationship is remarkably stable since 1950, DataTrek says.</p>\n<p>Aside \"from that Great Recession low, Federal tax receipts have moved in a reliable band of 15 – 20 percent of GDP for going on 70 years. Marginal individual and corporate tax rates have varied considerably over the period, but it has not mattered very much in terms of how much GDP ends up going to Washington\"</p>\n<p>Last year's tax receipts weren't anywhere near as bad as the Great Recession, but the large fiscal stimulus is a big asterisk, DataTrek adds.</p>\n<p>Today, Seeking Alpha contributor Cliff Droke writes that stimulus funds willboost cyclical stocks, even if they come with rising interest rates.</p>\n<p><img src=\"https://static.tigerbbs.com/62b15328d72290261522bedcdec6ab76\" tg-width=\"1168\" tg-height=\"450\"></p>","source":"seekingalpha","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 and Bitcoin could get a $40 billion influx of stimulus cash: At the Open</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 and Bitcoin could get a $40 billion influx of stimulus cash: At the Open\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 21:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3673039-stocks-and-bitcoin-could-get-a-40-billion-influx><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A slight bid remains in stock futures after late buying on Monday brought about new record closes.\nThe 10-year Treasury yield is little changed, hovering around 1.6% with the Federal Reserve's two-day...</p>\n\n<a href=\"https://seekingalpha.com/news/3673039-stocks-and-bitcoin-could-get-a-40-billion-influx\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://seekingalpha.com/news/3673039-stocks-and-bitcoin-could-get-a-40-billion-influx","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1152144890","content_text":"A slight bid remains in stock futures after late buying on Monday brought about new record closes.\nThe 10-year Treasury yield is little changed, hovering around 1.6% with the Federal Reserve's two-day policy meeting starting today.\nAbout $530B of the $1.9T relief bill was actual stimulus, and an infrastructure bill will be more important to growth because there is a political, economic and social need to build back middle-income earners, TS Lombard Steven Blitz says. But he adds that it's perplexing that a plan to boost capital investment would includea hike in capital gains taxes.\nPresident Joe Biden is eyeing the first major U.S. tax hike since 1993, with corporations and wealthier individuals in focus.\nLooking at the ratio of tax receipts to GDP (chart below), the relationship is remarkably stable since 1950, DataTrek says.\nAside \"from that Great Recession low, Federal tax receipts have moved in a reliable band of 15 – 20 percent of GDP for going on 70 years. Marginal individual and corporate tax rates have varied considerably over the period, but it has not mattered very much in terms of how much GDP ends up going to Washington\"\nLast year's tax receipts weren't anywhere near as bad as the Great Recession, but the large fiscal stimulus is a big asterisk, DataTrek adds.\nToday, Seeking Alpha contributor Cliff Droke writes that stimulus funds willboost cyclical stocks, even if they come with rising interest rates.\n(NYSEARCA:SPY) +0.2%premarket,(NASDAQ:QQQ) +0.6%,(NYSEARCA:DIA) +0.1%,(NYSEARCA:TBT) -0.4%,(NASDAQ:TLT) -0.1%\nAnd as direct stimulus checks start arriving in bank accounts, markets can expect to see a sizable portion of stimulus funds, according to a recent survey.\nMizuho Securities surveyed 235 people who expect to get checks, with 20% expecting to allocate up to 20% of the checks to Bitcoin (BTC-USD), stocks or both. In addition, 13% would invest up to 80% and 2% would invest 80% of more.\nAbout 10% of $380B sent out in direct checks could be invested, approaching $40B, according to Mizuho.\n\"Bitcoin is the preferred investment choice among check recipients. It comprises nearly 60% of the incremental spend, which may imply $25 billion of incremental spend on bitcoin from stimulus checks,” Mizuho analysts Dan Dolev and Ryan Coyne wrote in a note, according to MarketWatch.\nAs this year's tax refund season gets underway, a portion of those checks, in many cases larger than the $1,400 payments just sent, could also find its way into the markets.\nDataTrek Research notes:\nThe average refund size is down just 0.7% from 2020 at $2,990.\nTax season is off to a slow start, with 25% fewer returns filed, which will delay refund checks.\nThe number of refunds is down 32%, more than the decline in returns, which \"points to the possibility that many Americans who customarily get a refund will not receive one this year.\"\nAbout $530B of the $1.9T relief bill was actual stimulus, and an infrastructure bill will be more important to growth because there is a political, economic and social need to build back middle-income earners, TS Lombard Steven Blitz says. But he adds that it's perplexing that a plan to boost capital investment would includea hike in capital gains taxes.\nPresident Joe Biden is eyeing the first major U.S. tax hike since 1993, with corporations and wealthier individuals in focus.\nLooking at the ratio of tax receipts to GDP (chart below), the relationship is remarkably stable since 1950, DataTrek says.\nAside \"from that Great Recession low, Federal tax receipts have moved in a reliable band of 15 – 20 percent of GDP for going on 70 years. Marginal individual and corporate tax rates have varied considerably over the period, but it has not mattered very much in terms of how much GDP ends up going to Washington\"\nLast year's tax receipts weren't anywhere near as bad as the Great Recession, but the large fiscal stimulus is a big asterisk, DataTrek adds.\nToday, Seeking Alpha contributor Cliff Droke writes that stimulus funds willboost cyclical stocks, even if they come with rising interest rates.","news_type":1},"isVote":1,"tweetType":1,"viewCount":372,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322281208,"gmtCreate":1615810181604,"gmtModify":1704786840758,"author":{"id":"3569219134050469","authorId":"3569219134050469","name":"HarimauZack","avatar":"https://static.tigerbbs.com/88a30e96c2e3d56490c9d3530efb509f","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569219134050469","authorIdStr":"3569219134050469"},"themes":[],"htmlText":"Buy it","listText":"Buy it","text":"Buy it","images":[{"img":"https://static.tigerbbs.com/2433812e3973ee01fdbbe0ff81702f14","width":"1080","height":"2256"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322281208","isVote":1,"tweetType":1,"viewCount":222,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}