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2022-02-17

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Elon Musk Recalls The Time When Charlie Munger Told A Whole Table How 'Tesla Would Fail'

2022-02-14

666

Apollo Deepens Abu Dhabi Investment With $1.4 Billion Aldar Deal

2022-02-12

Pls like

Statement Regarding Foreign Media Reports

2022-02-08

Pls like

EV Stocks Rose in Morning Trading

2022-02-08

pls like

Cruise Line Stocks Gained in Morning Trading

2022-01-13

666

You can't go wrong buying a Nio, XPeng, or Li Auto.

2022-01-05

666

Popular Chinese concept stocks continued to fall, with Pinduoduo falling by more than 10%.

2021-07-22

666

Byton's bankruptcy has once again poured cold water on the new energy vehicle sector.

2021-07-08

666

Oil prices plummet as the UAE plans to unilaterally sell off oil.

2021-07-08

666

Sorry, the original content has been removed

2021-07-08

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There are constant calls for the cycle to peak; is it time to abandon overvalued "dream stocks"?

2021-07-08

666

Sorry, the original content has been removed

2021-06-29

666???

Dalio's latest speech: The stock market is not necessarily in a bubble right now.

2021-06-29

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US stocks not bearish VS. 15% pullback! Major banks predict US and Hong Kong stocks in the second half of the year.

2021-06-29

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[Focus] Emerging electric vehicle manufacturers experience a complete surge, with Nio Motor Company rising 9%.

2021-06-23

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Pre-market: The three major stock index futures rose collectively, and blockchain concepts rebounded.

2021-06-23

666

Tesla's Q2 deliveries are expected to hit a new high; has the buying opportunity arrived?

2021-06-22

666

Sorry, the original content has been removed

2021-06-22

666

Crude oil key spread hits 7-year high, last time oil rose to $100

2021-06-18

666 ?

Hawkish signal! With the Federal Reserve gradually changing its tune, what will happen to the real estate and stock markets?

Go to Tiger App to see more news

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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>Elon Musk Recalls The Time When Charlie Munger Told A Whole Table How 'Tesla Would Fail'</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\">\nElon Musk Recalls The Time When Charlie Munger Told A Whole Table How 'Tesla Would Fail'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-17 11:36 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/22/02/25680190/elon-musk-recalls-the-time-when-charlie-munger-told-a-whole-table-how-tesla-would-fail><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tesla Inc Elon Musk on Wednesday called out Berkshire Hathaway Inc Vice Chair Charlie Munger for his discouraging words over a decade ago that listed all the ways the billionaire entrepreneur’s ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/22/02/25680190/elon-musk-recalls-the-time-when-charlie-munger-told-a-whole-table-how-tesla-would-fail\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","BRK.A":"伯克希尔"},"source_url":"https://www.benzinga.com/markets/cryptocurrency/22/02/25680190/elon-musk-recalls-the-time-when-charlie-munger-told-a-whole-table-how-tesla-would-fail","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114920857","content_text":"Tesla Inc Elon Musk on Wednesday called out Berkshire Hathaway Inc Vice Chair Charlie Munger for his discouraging words over a decade ago that listed all the ways the billionaire entrepreneur’s electric vehicle venture would fail.What Happened: Musk replied to a social media post that pointed out Munger's latest harsh views towards cryptocurrency at a media event.The 98-year old value investor and Warren Buffett’s right-hand man had on Wednesday said he is proud to have not invested in cryptocurrency, adding that it should be “banned” and likened it to a “venereal disease.”Musk compared Munger’s latest comments with a 2009 incident when the legendary investor “told the whole table” at a lunch meeting on “all the ways Tesla would fail.”The world’s richest man said Munger’s comments left him sad but he agreed with the veteron investor at the time. “We would probably die, but it was worth trying anyway,” Musk purportedly told the Berkshire vice chair. The Tesla and SpaceX CEO did not provide more details of the incident.Why It Matters: Munger has criticized cryptocurrency before. He had in February last year said he hates the Bitcoin success.“I don't welcome a currency that's so useful to kidnappers and extortionists and so forth,” he had said at the time.Surprisingly, Buffett-controlled Berkshire had in the fourth quarter of 2021 initiated a position in the BTC-friendly Brazilian bank Nu Holdings Ltd while dumping shares of Visa Inc and Mastercard Incorporated.The company led by the Oracle of Omaha bought $1 billion worth of Nubank shares in the fourth quarter of 2021 and sold $1.8 billion and $1.3 billion worth of Visa and Mastercard stock.Musk had last year disclosed a $1.5 billion investment in Bitcoin and began accepting the cryptocurrency as payment for its vehicles before halting the initiative in May.Price Action: Tesla shares closed 0.1% higher at $923.39 a share on Wednesday.","news_type":1,"symbols_score_info":{"TSLA":0.9,"BRK.A":0.9}},"isVote":1,"tweetType":1,"viewCount":5357,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095315255,"gmtCreate":1644822888964,"gmtModify":1676533965251,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095315255","repostId":"1179055183","repostType":4,"repost":{"id":"1179055183","kind":"news","pubTimestamp":1644821452,"share":"https://ttm.financial/m/news/1179055183?lang=en_US&edition=fundamental","pubTime":"2022-02-14 14:50","market":"us","language":"en","title":"Apollo Deepens Abu Dhabi Investment With $1.4 Billion Aldar Deal","url":"https://stock-news.laohu8.com/highlight/detail?id=1179055183","media":"Bloomberg","summary":"(Bloomberg) -- Apollo Global Management Inc. signed a deal to invest $1.4 billion in Aldar Propertie","content":"<div>\n<p>(Bloomberg) -- Apollo Global Management Inc. signed a deal to invest $1.4 billion in Aldar Properties PJSC as the private equity giant deepens its investments in Abu Dhabi’s real estate market.As part...</p>\n\n<a href=\"https://finance.yahoo.com/news/apollo-deepens-abu-dhabi-investment-061505100.html\">Source Link</a>\n\n</div>\n","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>Apollo Deepens Abu Dhabi Investment With $1.4 Billion Aldar Deal</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\">\nApollo Deepens Abu Dhabi Investment With $1.4 Billion Aldar Deal\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-14 14:50 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/apollo-deepens-abu-dhabi-investment-061505100.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Apollo Global Management Inc. signed a deal to invest $1.4 billion in Aldar Properties PJSC as the private equity giant deepens its investments in Abu Dhabi’s real estate market.As part...</p>\n\n<a href=\"https://finance.yahoo.com/news/apollo-deepens-abu-dhabi-investment-061505100.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"APO":"阿波罗全球管理"},"source_url":"https://finance.yahoo.com/news/apollo-deepens-abu-dhabi-investment-061505100.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179055183","content_text":"(Bloomberg) -- Apollo Global Management Inc. signed a deal to invest $1.4 billion in Aldar Properties PJSC as the private equity giant deepens its investments in Abu Dhabi’s real estate market.As part of the transaction, Apollo will take a direct minority stake in Aldar Investment Properties, one of the largest foreign direct investments in Abu Dhabi’s private sector, according to a statement. The deal is expected to close in the first quarter.The investment follows a consortium led by Apollo agreeing to inject billions of dollars into the real estate assets of Abu Dhabi’s oil company. The private equity firm also has a strategic partnership with Mubadala Investment Co., one of Abu Dhabi’s sovereign wealth funds.Aldar, which primarily operates in Abu Dhabi, has been chasing growth in a cramped market. At home, the developer is growing its management business, and beyond the United Arab Emirates it has gained a foothold in Egypt through the acquisition of a majority stake in Sodic.Apollo deal is structured as:$500 million: investment into a land joint venture$500 million: perpetual subordinated notes issued by Aldar Investment Properties$300 million: mandatory convertible preferred equity investment in Aldar Investment Properties$100 million: common equity investment in Aldar Investment PropertiesAldar said last week it plans to spend 5 billion dirhams ($1.36 billion) on acquisitions this year to grow its portfolio of revenue-generating properties. The company reported a 21% increase in full-year profit, supported by “strong performance” across group businesses.","news_type":1,"symbols_score_info":{"APO":0.9}},"isVote":1,"tweetType":1,"viewCount":6494,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9092615415,"gmtCreate":1644618991217,"gmtModify":1676533946019,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"title":"","htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9092615415","repostId":"1108682296","repostType":2,"repost":{"id":"1108682296","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1639746579,"share":"https://ttm.financial/m/news/1108682296?lang=en_US&edition=fundamental","pubTime":"2021-12-17 21:09","market":"us","language":"en","title":"Statement Regarding Foreign Media Reports","url":"https://stock-news.laohu8.com/highlight/detail?id=1108682296","media":"Tiger Newspress","summary":"Tiger Brokers is aware of the media reports made today regarding potential regulatory policies related to online brokers and would advise relevant stakeholders to take note of the following:","content":"<p>Tiger&nbsp;Brokers&nbsp;is&nbsp;aware&nbsp;of&nbsp;the&nbsp;media&nbsp;reports&nbsp;made&nbsp;today&nbsp;regarding&nbsp;potential&nbsp;regulatory&nbsp;policies&nbsp;related&nbsp;to&nbsp;online&nbsp;brokers&nbsp;and&nbsp;would&nbsp;advise&nbsp;relevant&nbsp;stakeholders&nbsp;to&nbsp;take&nbsp;note&nbsp;of&nbsp;the&nbsp;following:</p><p>1. Since&nbsp;inception,&nbsp;the&nbsp;firm&nbsp;has&nbsp;always&nbsp;been&nbsp;committed&nbsp;to&nbsp;providing&nbsp;a&nbsp;first-class&nbsp;investment&nbsp;experience&nbsp;for&nbsp;global&nbsp;investors.&nbsp;The&nbsp;firm’s&nbsp;business&nbsp;model&nbsp;is&nbsp;comparable&nbsp;to&nbsp;other&nbsp;brokers&nbsp;in&nbsp;Singapore&nbsp;and&nbsp;Hong&nbsp;Kong&nbsp;and&nbsp;the&nbsp;firm&nbsp;is&nbsp;not&nbsp;conducting&nbsp;any&nbsp;financial&nbsp;services&nbsp;business&nbsp;that&nbsp;is&nbsp;outside&nbsp;standard&nbsp;industry&nbsp;practice.&nbsp;The&nbsp;firm&nbsp;rigidly&nbsp;adheres&nbsp;to&nbsp;all&nbsp;regulatory&nbsp;requirements&nbsp;in&nbsp;the&nbsp;jurisdictions&nbsp;we&nbsp;operate&nbsp;in.</p><p>2. Presently&nbsp;the&nbsp;firm&nbsp;possesses&nbsp;46&nbsp;licenses&nbsp;in&nbsp;36&nbsp;categories&nbsp;across&nbsp;a&nbsp;wide&nbsp;range&nbsp;of&nbsp;global&nbsp;jurisdictions&nbsp;including&nbsp;Singapore,&nbsp;Hong&nbsp;Kong&nbsp;S.A.R.,&nbsp;The&nbsp;U.S.,&nbsp;and&nbsp;Australia,&nbsp;among&nbsp;others.&nbsp;The&nbsp;firm&nbsp;continues&nbsp;to&nbsp;execute&nbsp;on&nbsp;its&nbsp;internationalization&nbsp;strategy&nbsp;and&nbsp;in&nbsp;the&nbsp;third&nbsp;quarter&nbsp;of&nbsp;2021,&nbsp;more&nbsp;than&nbsp;90%&nbsp;of&nbsp;newly&nbsp;funded&nbsp;accounts&nbsp;were&nbsp;derived&nbsp;from&nbsp;markets&nbsp;outside&nbsp;of&nbsp;mainland&nbsp;China.&nbsp;The&nbsp;firm&nbsp;remains&nbsp;focused&nbsp;on&nbsp;investing&nbsp;in&nbsp;research&nbsp;and&nbsp;development&nbsp;to&nbsp;enable&nbsp;more&nbsp;international&nbsp;investors&nbsp;to&nbsp;enjoy&nbsp;secure,&nbsp;comprehensive&nbsp;and&nbsp;convenient&nbsp;access&nbsp;to&nbsp;global&nbsp;capital&nbsp;markets.</p><p>3. Compliance&nbsp;with&nbsp;laws&nbsp;and&nbsp;regulations&nbsp;is&nbsp;core&nbsp;to&nbsp;the&nbsp;firm’s&nbsp;operations.&nbsp;Should&nbsp;new&nbsp;regulations&nbsp;be&nbsp;introduced&nbsp;in&nbsp;the&nbsp;future,&nbsp;the&nbsp;firm&nbsp;will&nbsp;strictly&nbsp;comply&nbsp;with&nbsp;relevant&nbsp;guidelines&nbsp;and&nbsp;enact&nbsp;new&nbsp;compliance&nbsp;protocols.&nbsp;Furthermore,&nbsp;in&nbsp;the&nbsp;case&nbsp;that&nbsp;relevant&nbsp;authorities&nbsp;promulgate&nbsp;new&nbsp;regulations&nbsp;that&nbsp;have&nbsp;a&nbsp;material&nbsp;effect&nbsp;on&nbsp;our&nbsp;business,&nbsp;the&nbsp;firm&nbsp;will&nbsp;make&nbsp;appropriate&nbsp;disclosures&nbsp;to&nbsp;investors&nbsp;without&nbsp;delay.</p><p>4. Finally,&nbsp;the&nbsp;firm&nbsp;notes&nbsp;that&nbsp;in&nbsp;recent&nbsp;months&nbsp;certain&nbsp;institutions&nbsp;have&nbsp;been&nbsp;disseminating&nbsp;misleading&nbsp;information&nbsp;in&nbsp;order&nbsp;to&nbsp;profiteer&nbsp;from&nbsp;short&nbsp;selling.&nbsp;The&nbsp;firm&nbsp;rejects&nbsp;such&nbsp;malicious&nbsp;short&nbsp;selling&nbsp;activities.&nbsp;We&nbsp;will&nbsp;stay&nbsp;in&nbsp;communication&nbsp;with&nbsp;relevant&nbsp;regulatory&nbsp;authorities&nbsp;and&nbsp;reserve&nbsp;our&nbsp;right&nbsp;to&nbsp;hold&nbsp;those&nbsp;disseminating&nbsp;false&nbsp;information&nbsp;accountable&nbsp;in&nbsp;accordance&nbsp;with&nbsp;the&nbsp;law.</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>Statement Regarding Foreign Media Reports</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\">\nStatement Regarding Foreign Media Reports\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-12-17 21:09</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Tiger&nbsp;Brokers&nbsp;is&nbsp;aware&nbsp;of&nbsp;the&nbsp;media&nbsp;reports&nbsp;made&nbsp;today&nbsp;regarding&nbsp;potential&nbsp;regulatory&nbsp;policies&nbsp;related&nbsp;to&nbsp;online&nbsp;brokers&nbsp;and&nbsp;would&nbsp;advise&nbsp;relevant&nbsp;stakeholders&nbsp;to&nbsp;take&nbsp;note&nbsp;of&nbsp;the&nbsp;following:</p><p>1. Since&nbsp;inception,&nbsp;the&nbsp;firm&nbsp;has&nbsp;always&nbsp;been&nbsp;committed&nbsp;to&nbsp;providing&nbsp;a&nbsp;first-class&nbsp;investment&nbsp;experience&nbsp;for&nbsp;global&nbsp;investors.&nbsp;The&nbsp;firm’s&nbsp;business&nbsp;model&nbsp;is&nbsp;comparable&nbsp;to&nbsp;other&nbsp;brokers&nbsp;in&nbsp;Singapore&nbsp;and&nbsp;Hong&nbsp;Kong&nbsp;and&nbsp;the&nbsp;firm&nbsp;is&nbsp;not&nbsp;conducting&nbsp;any&nbsp;financial&nbsp;services&nbsp;business&nbsp;that&nbsp;is&nbsp;outside&nbsp;standard&nbsp;industry&nbsp;practice.&nbsp;The&nbsp;firm&nbsp;rigidly&nbsp;adheres&nbsp;to&nbsp;all&nbsp;regulatory&nbsp;requirements&nbsp;in&nbsp;the&nbsp;jurisdictions&nbsp;we&nbsp;operate&nbsp;in.</p><p>2. Presently&nbsp;the&nbsp;firm&nbsp;possesses&nbsp;46&nbsp;licenses&nbsp;in&nbsp;36&nbsp;categories&nbsp;across&nbsp;a&nbsp;wide&nbsp;range&nbsp;of&nbsp;global&nbsp;jurisdictions&nbsp;including&nbsp;Singapore,&nbsp;Hong&nbsp;Kong&nbsp;S.A.R.,&nbsp;The&nbsp;U.S.,&nbsp;and&nbsp;Australia,&nbsp;among&nbsp;others.&nbsp;The&nbsp;firm&nbsp;continues&nbsp;to&nbsp;execute&nbsp;on&nbsp;its&nbsp;internationalization&nbsp;strategy&nbsp;and&nbsp;in&nbsp;the&nbsp;third&nbsp;quarter&nbsp;of&nbsp;2021,&nbsp;more&nbsp;than&nbsp;90%&nbsp;of&nbsp;newly&nbsp;funded&nbsp;accounts&nbsp;were&nbsp;derived&nbsp;from&nbsp;markets&nbsp;outside&nbsp;of&nbsp;mainland&nbsp;China.&nbsp;The&nbsp;firm&nbsp;remains&nbsp;focused&nbsp;on&nbsp;investing&nbsp;in&nbsp;research&nbsp;and&nbsp;development&nbsp;to&nbsp;enable&nbsp;more&nbsp;international&nbsp;investors&nbsp;to&nbsp;enjoy&nbsp;secure,&nbsp;comprehensive&nbsp;and&nbsp;convenient&nbsp;access&nbsp;to&nbsp;global&nbsp;capital&nbsp;markets.</p><p>3. Compliance&nbsp;with&nbsp;laws&nbsp;and&nbsp;regulations&nbsp;is&nbsp;core&nbsp;to&nbsp;the&nbsp;firm’s&nbsp;operations.&nbsp;Should&nbsp;new&nbsp;regulations&nbsp;be&nbsp;introduced&nbsp;in&nbsp;the&nbsp;future,&nbsp;the&nbsp;firm&nbsp;will&nbsp;strictly&nbsp;comply&nbsp;with&nbsp;relevant&nbsp;guidelines&nbsp;and&nbsp;enact&nbsp;new&nbsp;compliance&nbsp;protocols.&nbsp;Furthermore,&nbsp;in&nbsp;the&nbsp;case&nbsp;that&nbsp;relevant&nbsp;authorities&nbsp;promulgate&nbsp;new&nbsp;regulations&nbsp;that&nbsp;have&nbsp;a&nbsp;material&nbsp;effect&nbsp;on&nbsp;our&nbsp;business,&nbsp;the&nbsp;firm&nbsp;will&nbsp;make&nbsp;appropriate&nbsp;disclosures&nbsp;to&nbsp;investors&nbsp;without&nbsp;delay.</p><p>4. Finally,&nbsp;the&nbsp;firm&nbsp;notes&nbsp;that&nbsp;in&nbsp;recent&nbsp;months&nbsp;certain&nbsp;institutions&nbsp;have&nbsp;been&nbsp;disseminating&nbsp;misleading&nbsp;information&nbsp;in&nbsp;order&nbsp;to&nbsp;profiteer&nbsp;from&nbsp;short&nbsp;selling.&nbsp;The&nbsp;firm&nbsp;rejects&nbsp;such&nbsp;malicious&nbsp;short&nbsp;selling&nbsp;activities.&nbsp;We&nbsp;will&nbsp;stay&nbsp;in&nbsp;communication&nbsp;with&nbsp;relevant&nbsp;regulatory&nbsp;authorities&nbsp;and&nbsp;reserve&nbsp;our&nbsp;right&nbsp;to&nbsp;hold&nbsp;those&nbsp;disseminating&nbsp;false&nbsp;information&nbsp;accountable&nbsp;in&nbsp;accordance&nbsp;with&nbsp;the&nbsp;law.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TIGR":"老虎证券"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108682296","content_text":"Tiger Brokers is aware of the media reports made today regarding potential regulatory policies related to online brokers and would advise relevant stakeholders to take note of the following:1. Since inception, the firm has always been committed to providing a first-class investment experience for global investors. The firm’s business model is comparable to other brokers in Singapore and Hong Kong and the firm is not conducting any financial services business that is outside standard industry practice. The firm rigidly adheres to all regulatory requirements in the jurisdictions we operate in.2. Presently the firm possesses 46 licenses in 36 categories across a wide range of global jurisdictions including Singapore, Hong Kong S.A.R., The U.S., and Australia, among others. The firm continues to execute on its internationalization strategy and in the third quarter of 2021, more than 90% of newly funded accounts were derived from markets outside of mainland China. The firm remains focused on investing in research and development to enable more international investors to enjoy secure, comprehensive and convenient access to global capital markets.3. Compliance with laws and regulations is core to the firm’s operations. Should new regulations be introduced in the future, the firm will strictly comply with relevant guidelines and enact new compliance protocols. Furthermore, in the case that relevant authorities promulgate new regulations that have a material effect on our business, the firm will make appropriate disclosures to investors without delay.4. Finally, the firm notes that in recent months certain institutions have been disseminating misleading information in order to profiteer from short selling. The firm rejects such malicious short selling activities. We will stay in communication with relevant regulatory authorities and reserve our right to hold those disseminating false information accountable in accordance with the law.","news_type":1,"symbols_score_info":{"TIGR":0.9}},"isVote":1,"tweetType":1,"viewCount":5069,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9096023679,"gmtCreate":1644271949565,"gmtModify":1676533905639,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"title":"","htmlText":"Pls like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096023679","repostId":"1186876974","repostType":4,"repost":{"id":"1186876974","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1644245081,"share":"https://ttm.financial/m/news/1186876974?lang=en_US&edition=fundamental","pubTime":"2022-02-07 22:44","market":"us","language":"en","title":"EV Stocks Rose in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1186876974","media":"Tiger Newspress","summary":"EV stocks rose in morning trading, with Tesla, Rivian, NIO, Xpeng, Fisker and Arrival rising from 2 ","content":"<html><head></head><body><p>EV stocks rose in morning trading, with Tesla, Rivian, NIO, Xpeng, Fisker and Arrival rising from 2 to 4%.<img src=\"https://static.tigerbbs.com/7a9d27c437985a03bc85e29abf014cd3\" tg-width=\"382\" tg-height=\"517\" referrerpolicy=\"no-referrer\"/></p></body></html>","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>EV Stocks Rose in Morning Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; 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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\">\nEV Stocks Rose in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-07 22:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>EV stocks rose in morning trading, with Tesla, Rivian, NIO, Xpeng, Fisker and Arrival rising from 2 to 4%.<img src=\"https://static.tigerbbs.com/7a9d27c437985a03bc85e29abf014cd3\" tg-width=\"382\" tg-height=\"517\" referrerpolicy=\"no-referrer\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","RIVN":"Rivian Automotive, Inc.","NIO":"蔚来"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186876974","content_text":"EV stocks rose in morning trading, with Tesla, Rivian, NIO, Xpeng, Fisker and Arrival rising from 2 to 4%.","news_type":1,"symbols_score_info":{"TSLA":0.9,"NIO":0.9,"RIVN":0.9}},"isVote":1,"tweetType":1,"viewCount":6312,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9096023919,"gmtCreate":1644271912415,"gmtModify":1676533905636,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"title":"","htmlText":"pls like","listText":"pls like","text":"pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096023919","repostId":"1158578585","repostType":4,"repost":{"id":"1158578585","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1644245453,"share":"https://ttm.financial/m/news/1158578585?lang=en_US&edition=fundamental","pubTime":"2022-02-07 22:50","market":"us","language":"en","title":"Cruise Line Stocks Gained in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1158578585","media":"Tiger Newspress","summary":"Cruise Line stocks gained in morning trading. Royal Caribbean, Carnival, and Norwegian Cruise climbe","content":"<html><head></head><body><p>Cruise Line stocks gained in morning trading. Royal Caribbean, Carnival, and Norwegian Cruise climbed between 3% to 5%.<img src=\"https://static.tigerbbs.com/44881c276fd2c2bc31a45f76da7b1f22\" tg-width=\"382\" tg-height=\"163\" width=\"100%\" height=\"auto\"/></p></body></html>","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>Cruise Line Stocks Gained in Morning Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCruise Line Stocks Gained in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-07 22:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Cruise Line stocks gained in morning trading. Royal Caribbean, Carnival, and Norwegian Cruise climbed between 3% to 5%.<img src=\"https://static.tigerbbs.com/44881c276fd2c2bc31a45f76da7b1f22\" tg-width=\"382\" tg-height=\"163\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NCLH":"挪威邮轮","CCL":"嘉年华邮轮","RCL":"皇家加勒比邮轮"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158578585","content_text":"Cruise Line stocks gained in morning trading. Royal Caribbean, Carnival, and Norwegian Cruise climbed between 3% to 5%.","news_type":1,"symbols_score_info":{"CCL":0.9,"RCL":0.9,"NCLH":0.9}},"isVote":1,"tweetType":1,"viewCount":6096,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9002455828,"gmtCreate":1642080437285,"gmtModify":1676533678626,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9002455828","repostId":"2203761861","repostType":2,"repost":{"id":"2203761861","kind":"news","pubTimestamp":1642072317,"share":"https://ttm.financial/m/news/2203761861?lang=en_US&edition=fundamental","pubTime":"2022-01-13 19:11","market":"us","language":"zh","title":"You can't go wrong buying a Nio, XPeng, or Li Auto.","url":"https://stock-news.laohu8.com/highlight/detail?id=2203761861","media":"东方财富","summary":"麦格理分析师Erica Chen开始把三家在美上市的中国电动汽车制造商蔚来汽车、小鹏和理想纳入跟踪分析公司的范围内，称投资者应该买入这三家公司的股票。蔚来、小鹏和理想股价分别上涨5.53%、5.73%和3.15%。蔚来汽车股票的平均目标价约为59美元，略低于两倍的近期价格。Erica Chen对理想的目标价为每股151港元，这意味着美国或香港投资者可能将获得约28%的涨幅。不过根据分析师的目标价和评级，投资这三只股票中的任何一只都不会出错。","content":"<p><div>Macquarie analyst Erica Chen has begun including three U.S.-listed Chinese electric vehicle manufacturers, NIO (NIO), XPeng (XPEV), and LI Auto (LI), in the scope of her tracking analysis firm, saying investors should buy shares in these three companies. Investors seem to have listened to analysts' advice. On January 12, the stocks of all three companies rose, but the stocks of other electric vehicle companies also rose. Shares of Nio, XPeng, and Li Auto rose 5.53%, 5.73%, and 3.15%, respectively. Tesla (TSLA) and Rivian...</p><p><a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202201131913057a22b366&s=b\">Web page link</a></div></p>","source":"tencent","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>You can't go wrong buying a Nio, XPeng, or Li Auto.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nYou can't go wrong buying a Nio, XPeng, or Li Auto.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">东方财富</strong><span class=\"h-time small\">2022-01-13 19:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>Macquarie analyst Erica Chen has begun including three U.S.-listed Chinese electric vehicle manufacturers, NIO (NIO), XPeng (XPEV), and LI Auto (LI), in the scope of her tracking analysis firm, saying investors should buy shares in these three companies. Investors seem to have listened to analysts' advice. On January 12, the stocks of all three companies rose, but the stocks of other electric vehicle companies also rose. Shares of Nio, XPeng, and Li Auto rose 5.53%, 5.73%, and 3.15%, respectively. Tesla (TSLA) and Rivian...</p><p><a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202201131913057a22b366&s=b\">Web page link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202201131913057a22b366&s=b\">东方财富</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/eebab619623966f6e7115434f653b888","relate_stocks":{"BK1587":"次新股","BK4534":"瑞士信贷持仓","LI":"理想汽车","BK4555":"新能源车","BK1539":"汽车股","BK4505":"高瓴资本持仓","NIO":"蔚来","BK4504":"桥水持仓","BK4099":"汽车制造商","09868":"小鹏集团-W","BK1119":"汽车制造商","BK4548":"巴美列捷福持仓","BK4551":"寇图资本持仓","XPEV":"小鹏集团","BK1588":"回港中概股","BK4509":"腾讯概念","02015":"理想汽车-W","BK4532":"文艺复兴科技持仓","BK1575":"同股不同权","BK4531":"中概回港概念","BK4526":"热门中概股"},"source_url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202201131913057a22b366&s=b","is_english":false,"share_image_url":"https://static.laohu8.com/9a95c1376e76363c1401fee7d3717173","article_id":"2203761861","content_text":"麦格理(Macquarie)分析师Erica Chen开始把三家在美上市的中国电动汽车制造商蔚来汽车(NIO)、小鹏(XPEV)和理想(LI)纳入跟踪分析公司的范围内，称投资者应该买入这三家公司的股票。投资者似乎听了分析师的建议。1月12日，这三家公司的股票都涨了，不过其他电动汽车公司的股票也有所上涨。蔚来、小鹏和理想股价分别上涨5.53%、5.73%和3.15%。特斯拉(TSLA)和Rivian(RIVN)的股价分别上涨3.93%和3.51%。对于大多数股票来说，1月12日都是一个积极的日子。标准普尔500指数和道琼斯工业平均指数分别上涨了0.28% 和0.11% 。Erica Chen对蔚来股票的评级为跑赢大盘，此评级相当于买入，目标价为37.70美元，远高于蔚来1月12日31.68美元的收盘价。她预计蔚来的销售额在未来几年内将增长大约50% 。与2020年相比，中国电动汽车(包括插电式混合动力汽车)2021年销量增长约为180%。蔚来的销量同比增长约109%，销售任务完成率也较高，并且该公司几乎所有的汽车销售都面向中国市场，不过也有一小部分在欧洲销售。Erica Chen的目标价意味着蔚来股价较近期水平还可以上涨约20% ，但这是华尔街较为保守的目标之一。追踪该公司的分析师中，约有84%的人给与了该公司股票买入评级，而标准普尔500指数成份股的平均买入评级比率约为55% 。蔚来汽车股票的平均目标价约为59美元，略低于两倍的近期价格。Erica Chen还给与了小鹏股票跑赢大盘评级。Erica Chen对小鹏和理想给出的目标价是针对两家公司在香港上市的股票，小鹏的目标价是221港元，按此计算，这意味着美国和香港投资者的股价都将上涨约20%。Erica Chen的目标价比她的华尔街同行所预测的要保守一些。小鹏在美上市股票的平均目标价约为每股64美元，比近期水平高约38%。小鹏和蔚来一样受欢迎，追踪该公司的分析师中有85%将其评级定为买入。Erica Chen对理想的目标价为每股151港元，这意味着美国或香港投资者可能将获得约28%的涨幅。理想美股的平均目标价约为46.50美元，比近期水平高50%。理想是三只股票中最受分析师欢迎的一家，加上Erica Chen新的“买入”评级，目前约91%的分析师对理想股票的评级为“买入”。不过根据分析师的目标价和评级，投资这三只股票中的任何一只都不会出错。（文章来源：巴伦周刊）","news_type":1,"symbols_score_info":{"XPEV":1,"NIO":1,"LI":0.6,"02015":1,"09868":1}},"isVote":1,"tweetType":1,"viewCount":4284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9001784039,"gmtCreate":1641333091457,"gmtModify":1676533597638,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9001784039","repostId":"1130666801","repostType":4,"repost":{"id":"1130666801","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1641311316,"share":"https://ttm.financial/m/news/1130666801?lang=en_US&edition=fundamental","pubTime":"2022-01-04 23:48","market":"other","language":"zh","title":"Popular Chinese concept stocks continued to fall, with Pinduoduo falling by more than 10%.","url":"https://stock-news.laohu8.com/highlight/detail?id=1130666801","media":"老虎资讯综合","summary":"1月4日，热门中概股跌幅继续扩大，拼多多、万国数据、爱奇艺均大跌超10%，哔哩哔哩、雾芯科技跌超9%，贝壳跌超8%，理想汽车跌超7%、蔚来、小鹏汽车跌超5%","content":"<p><html><head></head><body>On January 4th, the decline in popular Chinese concept stocks continued to widen.<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>、<a href=\"https://laohu8.com/S/GDS\">Global Data</a>、<a href=\"https://laohu8.com/S/IQ\">iQiyi</a>Both shares fell by more than 10%.<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Fog Core Technology fell more than 9%.<a href=\"https://laohu8.com/S/BEKE\">Seashell</a>It fell more than 8%.<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Nio fell by more than 7%.<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>Down more than 5%</p><p><img src=\"https://static.tigerbbs.com/1b919a829a5fda79d1cd6f944df3c2d9\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Popular Chinese concept stocks continued to fall, with Pinduoduo falling by more than 10%.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPopular Chinese concept stocks continued to fall, with Pinduoduo falling by more than 10%.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2022-01-04 23:48</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On January 4th, the decline in popular Chinese concept stocks continued to widen.<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>、<a href=\"https://laohu8.com/S/GDS\">Global Data</a>、<a href=\"https://laohu8.com/S/IQ\">iQiyi</a>Both shares fell by more than 10%.<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Fog Core Technology fell more than 9%.<a href=\"https://laohu8.com/S/BEKE\">Seashell</a>It fell more than 8%.<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Nio fell by more than 7%.<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>Down more than 5%</p><p><img src=\"https://static.tigerbbs.com/1b919a829a5fda79d1cd6f944df3c2d9\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fd680cd945fd32917c8ece66ec685e5f","relate_stocks":{"BK4535":"淡马锡持仓","BK4503":"景林资产持仓","TTTN":"老虎中美互联网巨头ETF","BK4504":"桥水持仓","BK4122":"互联网与直销零售","BK4553":"喜马拉雅资本持仓","BK4501":"段永平概念","BK4548":"巴美列捷福持仓","BK4531":"中概回港概念","QNETCN":"纳斯达克中美互联网老虎指数","BK4509":"腾讯概念","BK4558":"双十一","PDD":"拼多多","BK4526":"热门中概股","BK4505":"高瓴资本持仓"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130666801","content_text":"1月4日，热门中概股跌幅继续扩大，拼多多、万国数据、爱奇艺均大跌超10%，哔哩哔哩、雾芯科技跌超9%，贝壳跌超8%，理想汽车跌超7%、蔚来、小鹏汽车跌超5%","news_type":1,"symbols_score_info":{"TTTN":0.9,"QNETCN":0.9,"PDD":0.9}},"isVote":1,"tweetType":1,"viewCount":4265,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":176500261,"gmtCreate":1626904189553,"gmtModify":1703480124250,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/176500261","repostId":"2153864685","repostType":4,"repost":{"id":"2153864685","kind":"highlight","pubTimestamp":1626881958,"share":"https://ttm.financial/m/news/2153864685?lang=en_US&edition=fundamental","pubTime":"2021-07-21 23:39","market":"sh","language":"zh","title":"Byton's bankruptcy has once again poured cold water on the new energy vehicle sector.","url":"https://stock-news.laohu8.com/highlight/detail?id=2153864685","media":"格隆汇","summary":"到底错在哪里?","content":"<p>When it comes to the first batch of leading players in the new energy vehicle industry, besides the \"three musketeers\" XPeng Li Auto<a href=\"https://laohu8.com/S/NIO\">Nio</a>Byton is definitely one of them.</p><p>Since its inception, Byton has enjoyed a variety of top-tier accolades, including BMW's founder,<a href=\"https://laohu8.com/S/DLX\">luxury</a>A technical team, a flock of capital...</p><p><b>It was once widely recognized as a rebel against traditional automakers and had the best chance of challenging them.<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Unicorns.</b></p><p>However, after several years of effort, it failed to achieve mass production and gradually disappeared. Until recently, Byton has once again become the center of attention, but this time it has been accompanied by news of a series of \"bankruptcies\".</p><p><img src=\"https://static.tigerbbs.com/83b7b576a16032d6315fe95a961db2cd\" tg-width=\"686\" tg-height=\"485\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Compared to the fact that XPeng, Li Auto, and Nio have now achieved mass production and successfully entered the capital market, becoming the most promising new force in China to challenge Tesla, Byton's struggle on the brink of death seems increasingly ridiculous.</p><p>What exactly is Byton, which has clearly lost its chance of winning, still up to?</p><p><h3>1</h3><h3><b>Established – Surrounded by glory</b></h3>Byton's strategy of \"everything is ready except for the right wind\" ruined the game.</p><p>If we're talking about the founding of Byton, neither Bi Fukang nor Dai Lei were actually the main characters; the real mastermind behind it all was a mysterious businessman named Feng Changge.</p><p>Feng Changge was born in Henan in 1970. He started his business in 2002 and has been involved in many industries such as real estate and luxury car dealership. I only got involved with cars in 2005 when I started dealing BMW cars. In 2013, under<a href=\"https://laohu8.com/S/03836\">Harmony Automobile</a>It has been listed in Hong Kong and currently has a market capitalization of HK$5.8 billion.</p><p>In March 2014, Feng Changge had the opportunity to meet with Musk because the company had a business partnership with Tesla. After coming into contact with horses, he began to develop...<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The idea of electric vehicles was subsequently approached by Foxconn's Terry Gou.<a href=\"https://laohu8.com/S/00700\">Tencent</a>Ma Huateng created harmony together<a href=\"https://laohu8.com/S/0HAH.UK\">Futeng</a>Partnerships. Both BMW Vice President Bi Fukang, the founder of Byton, and Dongfeng Infiniti General Manager Dai Lei were persuaded to come for the interview by them.</p><p><img src=\"https://img3.gelonghui.com/8c4cb-b095360a-2822-4a29-86b9-1101d0bdc069.png\" tg-width=\"533\" tg-height=\"365\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>However, in 2016, disagreements broke out within Harmony Futeng, and Foxconn and Tencent failed to inject funds, causing the project to fall apart. On the contrary, Dai Lei and Bi Fukang, who were persuaded by the invitation for an interview, remained very interested and eventually invested in FMC out of their own pockets, becoming co-founders.</p><p>This seems to have laid the foundation for the frequent appearance of scumbags on Byton's path to creation.</p><p><b>In September 2017, BYTON, with its top-tier aura, officially debuted.</b>CEO Bi Fukang is the \"father of the i8\" at BMW. President Dai Lei previously served as General Manager of Infiniti China, and Vice President of Design Ye Binghuan previously served as Vice President of Design at BMW. The staff are a group of people from<a href=\"https://laohu8.com/S/AAPL\">Apple</a>、<a href=\"https://laohu8.com/S/GOOG\">Google</a>Talent from companies such as BMW and Ford.</p><p><img src=\"https://static.tigerbbs.com/3ab97d8fd71e8c3c8ac843c4bae66a6c\" tg-width=\"702\" tg-height=\"419\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>A team with many years of experience in the global automotive industry is coming together.<a href=\"https://laohu8.com/S/600617\">Guoxin Energy</a>The car boom instantly attracted the attention of the market and numerous investors, directly propelling it into the top tier of new energy electric vehicle companies.</b></p><p>However, his fate was full of twists and Byton had just started manufacturing cars when China tightened its restrictions on car manufacturing qualifications in 2017. Without time to wait for approval, Byton chose to cooperate with FAW. Not only did it accept $260 million from FAW Investment in its Series B financing, making it the major shareholder, but it also subsequently accepted 100% equity of Huali Automobile to obtain passenger vehicle production qualifications.</p><p>In exchange, Byton also assumed 800 million yuan of FAW Huali's debt and 54.62 million yuan of employee compensation. This also foreshadowed Byton's subsequent debt crisis.</p><p>Since its inception, Byton has completed six rounds of financing. In the first four rounds of financing alone, the total funding reached 8.4 billion yuan. In addition to FAW, the financing included the Nanjing State-owned Assets Supervision and Administration Commission,<a href=\"https://laohu8.com/S/300750\">CATL</a>Waiting for the boss.</p><p>Among emerging electric vehicle manufacturers, although there is still a significant gap in financing amount compared to automakers such as Nio, WM Motor, and XPeng, it is not insignificant compared to other emerging electric vehicle manufacturers.</p><p><h3>2</h3><h3><b>Fall down - covered in lice</b></h3>After the financing was resolved, Byton enjoyed a brief period of smooth sailing.</p><p>In January 2018, at the Consumer Electronics Show (CES) in Las Vegas, USA, BYTON unveiled its first Concept car, the \"BYTON Concept,\" positioned as a luxury mid-size SUV. The car attracted widespread attention in the industry as soon as it was unveiled.</p><p>In April 2018, Byton's Nanjing factory prototype workshop was officially put into operation, and prototype vehicles also rolled off the production line.</p><p>In June 2018, at the \"Byton Night,\" Byton's second product, the K-Byte Concept, made its global debut. With its innovative design trends, cool human-computer interaction, and internationally advanced electric vehicle platform development, it once again attracted great attention and discussion.</p><p><b>Meanwhile, management also publicly stated that pre-production of Byton's first mass-produced model will be achieved in the first half of 2019.</b></p><p><img src=\"https://static.tigerbbs.com/c4af5aeeb92ab5c306798a461f558b5c\" tg-width=\"802\" tg-height=\"518\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Qualifications, production lines, technology, funding... On the surface, Byton is not bad in every way; it's just waiting for mass production.</p><p>However, after waiting and waiting, what came was the devastating news that Byton was falling apart.</p><p>In April 2019, Byton's head coach, Bi Fukang, surprisingly appeared at the ICONIQ booth and announced his appointment as its CEO. The person in charge of Byton became co-founder Dai Lei.</p><p>This departure directly took away many heavyweight figures who followed Bi Fukang into the team, such as Chen Taiyu, vice president of automotive digital technology. After his departure, the most crucial central gateway work almost came to a complete standstill.</p><p>Furthermore, after Dai Lei took office, due to his greater trust in foreigners, the discourse power of different countries became obviously unfair. In terms of internal communication, there were many conflicts between departments and superiors and subordinates, and even the electronics team and the power system team rarely communicated, which was unheard of in the car manufacturing field.</p><p>In the second half of 2019, the expected mass production not only failed to materialize, but the company also became increasingly chaotic. The conflict between the two key figures also led the company into the abyss.</p><p><img src=\"https://img3.gelonghui.com/0234e-c287e7e1-7dfc-4c55-9ca6-696b04fba6d3.png\" tg-width=\"768\" tg-height=\"535\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>With the exodus of traditional automakers, investors naturally lost interest in Byton. In addition, the decline in capital enthusiasm for new energy vehicles in 2019 made Byton's progress difficult, and the promised mass production was delayed from the beginning to the end of the year.</p><p>The failure to secure Series C financing and the broken cash flow not only delayed the launch of the model, but also made it difficult for the company to continue its operations and almost completely collapsed.</p><p>In April 2020, 50% of Byton's US branch employees were \"placed on leave\"; At the end of May, the company had only a little over $1 million left on its books, and Dai Lei admitted to owing employees $90 million in wages. On June 30, 2020, Byton announced a work and production halt; In July, Byton was criticized by CCTV for \"burning 8.4 billion yuan but failing to produce mass-produced cars\"...</p><p>Moreover, Byton is burdened with huge debts, including the remaining 470 million yuan owed to FAW Xiali, as well as the final payment for factory construction and equipment.</p><p><b>That year, the situation of new energy vehicle companies presented two completely opposite extremes. The XPeng Li Auto Nio has successfully gained popularity and become a highly sought-after god of new energy. Many car manufacturing PPTs were exposed to the public, some were eliminated, some were merged, and some went bankrupt.</b></p><p><b>However, Byton still pinned its hopes on the market and was named one of the Hurun Global Unicorns of the Year, along with giants such as Ant Group and Kuaishou.</b></p><p>As expected, Byton, though dead, remained intact. In January 2021, Byton announced a partnership with<a href=\"https://laohu8.com/S/HHPD.UK\">Foxconn Group</a>The newly established MIH Electric Vehicle Alliance and Nanjing Economic and Technological Development Area jointly signed a strategic cooperation framework agreement, with teams from Foxconn Technology and Honghua Advanced stationed at Byton's Nanjing factory to assist Byton in achieving its goal of mass producing new electric vehicles.</p><p>However, there seems to be no further news about this collaboration afterward.</p><p>Considering the news that the company was declared bankrupt in June and July, it can be seen that FAW's intervention has once again rendered its savior, Foxconn, useless. It has already made plans to withdraw, and FAW has taken over the company's management and control.</p><p>The rebels of traditional automakers are once again stuck on the edge of a cliff.</p><p>Bi Fukang and Dai Lei, two traditional automaker tycoons who founded Byton, one became the CEO of FF, and the other joined the company.<a href=\"https://laohu8.com/S/00708\">Evergrande Auto</a>His appointment as executive vice president left Byton struggling to survive.</p><p><h3>3</h3><h3><b>What exactly went wrong?</b></h3>Actually, looking at Byton's core business, it's quite good.</p><p>Byton has high brand recognition, nearly completed mass-produced vehicles, a 50-inch large landscape screen with top-notch design, and a cooperative background with the government and state-owned enterprises. More importantly, its brand-new Nanjing factory and production qualifications are genuine assets.</p><p>So where did Byton go wrong?</p><p><b>In fact, Byton failed to achieve mass production because it encountered the wrong people at every step of its development.</b></p><p>The most obvious problem is insufficient funds, which is the founder's fault. Building cars is a waste of money. Nio once said that you can't build cars without 20 billion yuan, and the latest entrant, Evergrande Car Manufacturing, has also invested 40 billion yuan in less than a year. However, Byton's tight cash flow is not due to waste from car manufacturing, but rather to management and allocation issues.</p><p>Byton's team comes entirely from traditional automakers, and its founder, Bi Fukang, is also known for his extravagant and wasteful style, making it difficult to allocate money. The most famous example is that 300 people at Byton ate snacks worth 50 million yuan, and a box of business cards cost as much as 1,000 yuan, which is just a small amount of money. The suppliers and partners chosen must be top-tier. Compared to Tesla, the even more expensive investment is in production line equipment and development. Byton President Daniel once proudly declared: \"Byton is different from other internet car manufacturers. We will not choose OEM manufacturing. We will build our own factory to manufacture cars.\" As a result, just acquiring qualifications inexplicably resulted in an additional 850 million yuan in debt. The global production base in Nanjing covers an area of 1,200 acres and has a total investment of over 11 billion yuan.</p><p>Money is spent on these superficial tasks, and the technical hurdles in car manufacturing have been delayed. Funding is the most crucial thing in car manufacturing. If you only see the factory buildings but not the prototypes and technological progress, you will naturally not be able to find the next step of financing. How can a founder with a traditional car company mindset break free from constraints and start a business from scratch in a down-to-earth manner?</p><p><img src=\"https://static.tigerbbs.com/847ed221423ff3fafb632408d1723b3f\" tg-width=\"562\" tg-height=\"540\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Secondly, there are technical issues. Although Byton's announcements of ultra-large screens and technology have always been far ahead of others, in reality, they are all just empty talk on paper. If the technology cannot be implemented, then<a href=\"https://laohu8.com/S/BJZ.SI\">tall</a>It's no use going up. Looking at the success of Nio, we can see that although the first car did have many shortcomings, once the car was made, improvements and upgrades accelerated. Looking at Byton, they never saw any results from beginning to end. Even the R&D personnel themselves said that some of the underlying technological foundations were lacking, and in the end, there were no cars at all.</p><p><img src=\"https://static.tigerbbs.com/3ecaf10b00d9dfd69e0a789eec6a90c3\" tg-width=\"511\" tg-height=\"368\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>If lack of funds and technology are common problems in new energy vehicles, then this year's shareholder disputes were the last straw that broke Byton's back.</b></p><p>During CES in January 2020, Byton had already established contact with Foxconn, hoping to cooperate. It wasn't until the fourth quarter of 2020 that Foxconn decided to send people to Nanjing for due diligence. During this period, Foxconn not only cooperated with domestic and foreign automakers such as Geely and Fisker, but also reported that it would manufacture its own cars, demonstrating its reliability.</p><p>Judging from the results, Foxconn has indeed accepted the cooperation with technology and sincerity, and has streamlined and adjusted its management, production lines, and technology.</p><p>However, two tigers cannot share one mountain, and now FAW, as the major shareholder, has suddenly stepped in and taken back control, making it clear that it cannot tolerate Foxconn. The management constraints of state-owned enterprises are vividly demonstrated in this. First, they would never delegate power to Foxconn, and second, they would never completely exclude themselves from saving Byton. Therefore, they would rather lose a thousand than hurt eight hundred of their enemies.</p><p>Previously, after leaving Byton, Bi Fukang told US media that he didn't think too much about it when he accepted FAW's investment, and only later discovered the problems caused by excessive intervention. Regardless of who is right or wrong, the major shareholder is inevitably to blame for Byton's entire fate.</p><p>The fact that Byton collapsed again just before it was revived speaks volumes.</p><p><img src=\"https://static.tigerbbs.com/162153c1b8664ca0f3b716d51a69d4f7\" tg-width=\"493\" tg-height=\"317\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>For<a href=\"https://laohu8.com/S/V03.SI\">Startup company</a>To put it simply, the investment isn't in the company itself, but<b>。 Byton, despite having the necessary qualifications and capital, is unwilling to invest, not only because of mass production and debt issues, but more importantly, because the company lacks leadership from a key figure.</b>Just like Tesla invested in Musk, Li Auto invested in Li Xiang, and even Faraday Future invested in Jia Yueting, look at Byton, how did it win capital?</p><p>Many people say that M-Byte is just one step away from mass production, but is that really the case?</p><p>Definitely not. If it were just a matter of funding, I believe they wouldn't stand idly by after burning through so much real capital.</p><p><h3>4</h3><h3><b>History repeats itself</b></h3>The story of emerging electric vehicle manufacturers talking on paper, making all the talk but little substance, and ending up in a mess is commonplace for people in the automotive industry. It is well known that the new energy vehicle industry is rife with bubbles.</p><p>However, history always repeats itself in a cycle, and everything is so familiar.</p><p>In 2013, the new energy vehicle market was booming, attracting a flood of capital. However, the reduction of government subsidies in 2018 triggered a large-scale collapse and liquidation of the industry, resulting in countless casualties. In 2020, new energy vehicle companies experienced another surge, with Tesla and the Three Musketeers breaking through the encirclement and mass production surging, sparking a new energy frenzy. However, most car companies failed before the dawn. In early 2021, subsidies continued to be reduced, and blind investment and illegal construction were strictly regulated, accelerating the survival of the fittest and eliminating and bankrupting a large number of enterprises.</p><p>However, the industry is full of ups and downs. Every time the bubble bursts, a new batch of players will flock in, as if failure had never happened.</p><p><img src=\"https://static.tigerbbs.com/a73233407000a8c88b8ce4cac7c458c8\" tg-width=\"489\" tg-height=\"324\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Recently, new energy has become popular again, and the entire industry chain has once again attracted the attention of investors. Not only have sales of new energy vehicles continued to exceed expectations, but the benefits of power batteries, as the \"crown jewel\" of new energy vehicles, are also constantly materializing, with both production and sales of new energy vehicles exceeding 1.2 million units, a year-on-year increase of 200%.</p><p><img src=\"https://static.tigerbbs.com/9096f8ae928e38d8128bb621423185e8\" tg-width=\"1001\" tg-height=\"716\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>As a result, capital has once again become enthusiastic about chasing the hot topics of new energy vehicles. Internet technology giants have entered the market to manufacture cars one after another. In addition, with the continued advancement of \"carbon neutrality\", new energy vehicles have a lot of room to tell stories, and they will continue to do so.</b></p><p>Amidst the turmoil, Byton's bankruptcy was like a bucket of cold water, reminding people of the bubble that once went bankrupt. However, this is how an emerging industry develops. Many players rushed in and entered the market, experiencing ups and downs. Capital, with a \"better safe than sorry\" mentality, poured in one after another.</p><p>In fact, neither the newly entered tech giants nor the emerging car manufacturers that have already successfully mass-produced their vehicles are safe at present. The batch that has gone bankrupt now is one that cannot achieve mass production. What about the next stage? Once the technology matures, it will inevitably become widespread. Once all automakers have achieved production capacity, what will be the next standard for elimination? Whatever it is, there is a great risk that all players still on the track will be eliminated.</p><p><b>Faced with cycles and bubbles, it's not that all automakers that died before dawn weren't seriously building cars. It can only be said that an industry deserves respect, and the bubbles that are squeezed out are necessary for the market to drive industry development in the pursuit of profits.</b></p><p>Just like Byton, even if he stood up again, it would be too late. The once-proud central control screen and intelligent technology are no longer particularly special, and mass production has fallen far behind. It can only be said that one wrong step leads to another loss. Struggling is pointless, and being saved will not gain any advantage.</p><p><h3>5</h3><h3><b>Ending</b></h3>On July 18, 2021, Byton said in an interview with the media: \"We strive to achieve mass production of our first SUV model, the M-Byte, in the first quarter of 2022.\"</p><p>Do you believe this answer?</p><p>I don't believe it anyway.</p><p>After all, when its creditors choose to file for bankruptcy, when its employees choose to leave, when its executives choose to leave, and when its partners choose to withdraw, everything is predetermined.</p><p>Starting a business, from nothing to something, from small to large, can be described as fraught with challenges and a risk of death. For a considerable period of time, the investment and entrepreneurial communities liked to talk about trends, but the reality is that even if you seize the right opportunity, it doesn't guarantee success. There are far more cases of failure than success.</p><p>The reason is simple: in a crazy industry that no one understands yet, there are far more people who cheat and take advantage of the situation than those who calm down and work diligently.</p><p>Byton is on the verge of collapse, but looking back at its journey, it has attracted a lot of attention by attracting big capital, introducing popular celebrity managers, and using various concept models and promotional tactics, but it has yet to see mass production. All of this has an indescribable familiarity, as if it was deliberately arranged, which inevitably reminds people of the vigorous PPT car manufacturing boom a few years ago.</p><p>Byton is not the first, and it certainly won't be the last.</p>","source":"gelonghui_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>Byton's bankruptcy has once again poured cold water on the new energy vehicle sector.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nByton's bankruptcy has once again poured cold water on the new energy vehicle sector.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">格隆汇</strong><span class=\"h-time small\">2021-07-21 23:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p>When it comes to the first batch of leading players in the new energy vehicle industry, besides the \"three musketeers\" XPeng Li Auto<a href=\"https://laohu8.com/S/NIO\">Nio</a>Byton is definitely one of them.</p><p>Since its inception, Byton has enjoyed a variety of top-tier accolades, including BMW's founder,<a href=\"https://laohu8.com/S/DLX\">luxury</a>A technical team, a flock of capital...</p><p><b>It was once widely recognized as a rebel against traditional automakers and had the best chance of challenging them.<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Unicorns.</b></p><p>However, after several years of effort, it failed to achieve mass production and gradually disappeared. Until recently, Byton has once again become the center of attention, but this time it has been accompanied by news of a series of \"bankruptcies\".</p><p><img src=\"https://static.tigerbbs.com/83b7b576a16032d6315fe95a961db2cd\" tg-width=\"686\" tg-height=\"485\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Compared to the fact that XPeng, Li Auto, and Nio have now achieved mass production and successfully entered the capital market, becoming the most promising new force in China to challenge Tesla, Byton's struggle on the brink of death seems increasingly ridiculous.</p><p>What exactly is Byton, which has clearly lost its chance of winning, still up to?</p><p><h3>1</h3><h3><b>Established – Surrounded by glory</b></h3>Byton's strategy of \"everything is ready except for the right wind\" ruined the game.</p><p>If we're talking about the founding of Byton, neither Bi Fukang nor Dai Lei were actually the main characters; the real mastermind behind it all was a mysterious businessman named Feng Changge.</p><p>Feng Changge was born in Henan in 1970. He started his business in 2002 and has been involved in many industries such as real estate and luxury car dealership. I only got involved with cars in 2005 when I started dealing BMW cars. In 2013, under<a href=\"https://laohu8.com/S/03836\">Harmony Automobile</a>It has been listed in Hong Kong and currently has a market capitalization of HK$5.8 billion.</p><p>In March 2014, Feng Changge had the opportunity to meet with Musk because the company had a business partnership with Tesla. After coming into contact with horses, he began to develop...<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>The idea of electric vehicles was subsequently approached by Foxconn's Terry Gou.<a href=\"https://laohu8.com/S/00700\">Tencent</a>Ma Huateng created harmony together<a href=\"https://laohu8.com/S/0HAH.UK\">Futeng</a>Partnerships. Both BMW Vice President Bi Fukang, the founder of Byton, and Dongfeng Infiniti General Manager Dai Lei were persuaded to come for the interview by them.</p><p><img src=\"https://img3.gelonghui.com/8c4cb-b095360a-2822-4a29-86b9-1101d0bdc069.png\" tg-width=\"533\" tg-height=\"365\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>However, in 2016, disagreements broke out within Harmony Futeng, and Foxconn and Tencent failed to inject funds, causing the project to fall apart. On the contrary, Dai Lei and Bi Fukang, who were persuaded by the invitation for an interview, remained very interested and eventually invested in FMC out of their own pockets, becoming co-founders.</p><p>This seems to have laid the foundation for the frequent appearance of scumbags on Byton's path to creation.</p><p><b>In September 2017, BYTON, with its top-tier aura, officially debuted.</b>CEO Bi Fukang is the \"father of the i8\" at BMW. President Dai Lei previously served as General Manager of Infiniti China, and Vice President of Design Ye Binghuan previously served as Vice President of Design at BMW. The staff are a group of people from<a href=\"https://laohu8.com/S/AAPL\">Apple</a>、<a href=\"https://laohu8.com/S/GOOG\">Google</a>Talent from companies such as BMW and Ford.</p><p><img src=\"https://static.tigerbbs.com/3ab97d8fd71e8c3c8ac843c4bae66a6c\" tg-width=\"702\" tg-height=\"419\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>A team with many years of experience in the global automotive industry is coming together.<a href=\"https://laohu8.com/S/600617\">Guoxin Energy</a>The car boom instantly attracted the attention of the market and numerous investors, directly propelling it into the top tier of new energy electric vehicle companies.</b></p><p>However, his fate was full of twists and Byton had just started manufacturing cars when China tightened its restrictions on car manufacturing qualifications in 2017. Without time to wait for approval, Byton chose to cooperate with FAW. Not only did it accept $260 million from FAW Investment in its Series B financing, making it the major shareholder, but it also subsequently accepted 100% equity of Huali Automobile to obtain passenger vehicle production qualifications.</p><p>In exchange, Byton also assumed 800 million yuan of FAW Huali's debt and 54.62 million yuan of employee compensation. This also foreshadowed Byton's subsequent debt crisis.</p><p>Since its inception, Byton has completed six rounds of financing. In the first four rounds of financing alone, the total funding reached 8.4 billion yuan. In addition to FAW, the financing included the Nanjing State-owned Assets Supervision and Administration Commission,<a href=\"https://laohu8.com/S/300750\">CATL</a>Waiting for the boss.</p><p>Among emerging electric vehicle manufacturers, although there is still a significant gap in financing amount compared to automakers such as Nio, WM Motor, and XPeng, it is not insignificant compared to other emerging electric vehicle manufacturers.</p><p><h3>2</h3><h3><b>Fall down - covered in lice</b></h3>After the financing was resolved, Byton enjoyed a brief period of smooth sailing.</p><p>In January 2018, at the Consumer Electronics Show (CES) in Las Vegas, USA, BYTON unveiled its first Concept car, the \"BYTON Concept,\" positioned as a luxury mid-size SUV. The car attracted widespread attention in the industry as soon as it was unveiled.</p><p>In April 2018, Byton's Nanjing factory prototype workshop was officially put into operation, and prototype vehicles also rolled off the production line.</p><p>In June 2018, at the \"Byton Night,\" Byton's second product, the K-Byte Concept, made its global debut. With its innovative design trends, cool human-computer interaction, and internationally advanced electric vehicle platform development, it once again attracted great attention and discussion.</p><p><b>Meanwhile, management also publicly stated that pre-production of Byton's first mass-produced model will be achieved in the first half of 2019.</b></p><p><img src=\"https://static.tigerbbs.com/c4af5aeeb92ab5c306798a461f558b5c\" tg-width=\"802\" tg-height=\"518\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Qualifications, production lines, technology, funding... On the surface, Byton is not bad in every way; it's just waiting for mass production.</p><p>However, after waiting and waiting, what came was the devastating news that Byton was falling apart.</p><p>In April 2019, Byton's head coach, Bi Fukang, surprisingly appeared at the ICONIQ booth and announced his appointment as its CEO. The person in charge of Byton became co-founder Dai Lei.</p><p>This departure directly took away many heavyweight figures who followed Bi Fukang into the team, such as Chen Taiyu, vice president of automotive digital technology. After his departure, the most crucial central gateway work almost came to a complete standstill.</p><p>Furthermore, after Dai Lei took office, due to his greater trust in foreigners, the discourse power of different countries became obviously unfair. In terms of internal communication, there were many conflicts between departments and superiors and subordinates, and even the electronics team and the power system team rarely communicated, which was unheard of in the car manufacturing field.</p><p>In the second half of 2019, the expected mass production not only failed to materialize, but the company also became increasingly chaotic. The conflict between the two key figures also led the company into the abyss.</p><p><img src=\"https://img3.gelonghui.com/0234e-c287e7e1-7dfc-4c55-9ca6-696b04fba6d3.png\" tg-width=\"768\" tg-height=\"535\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>With the exodus of traditional automakers, investors naturally lost interest in Byton. In addition, the decline in capital enthusiasm for new energy vehicles in 2019 made Byton's progress difficult, and the promised mass production was delayed from the beginning to the end of the year.</p><p>The failure to secure Series C financing and the broken cash flow not only delayed the launch of the model, but also made it difficult for the company to continue its operations and almost completely collapsed.</p><p>In April 2020, 50% of Byton's US branch employees were \"placed on leave\"; At the end of May, the company had only a little over $1 million left on its books, and Dai Lei admitted to owing employees $90 million in wages. On June 30, 2020, Byton announced a work and production halt; In July, Byton was criticized by CCTV for \"burning 8.4 billion yuan but failing to produce mass-produced cars\"...</p><p>Moreover, Byton is burdened with huge debts, including the remaining 470 million yuan owed to FAW Xiali, as well as the final payment for factory construction and equipment.</p><p><b>That year, the situation of new energy vehicle companies presented two completely opposite extremes. The XPeng Li Auto Nio has successfully gained popularity and become a highly sought-after god of new energy. Many car manufacturing PPTs were exposed to the public, some were eliminated, some were merged, and some went bankrupt.</b></p><p><b>However, Byton still pinned its hopes on the market and was named one of the Hurun Global Unicorns of the Year, along with giants such as Ant Group and Kuaishou.</b></p><p>As expected, Byton, though dead, remained intact. In January 2021, Byton announced a partnership with<a href=\"https://laohu8.com/S/HHPD.UK\">Foxconn Group</a>The newly established MIH Electric Vehicle Alliance and Nanjing Economic and Technological Development Area jointly signed a strategic cooperation framework agreement, with teams from Foxconn Technology and Honghua Advanced stationed at Byton's Nanjing factory to assist Byton in achieving its goal of mass producing new electric vehicles.</p><p>However, there seems to be no further news about this collaboration afterward.</p><p>Considering the news that the company was declared bankrupt in June and July, it can be seen that FAW's intervention has once again rendered its savior, Foxconn, useless. It has already made plans to withdraw, and FAW has taken over the company's management and control.</p><p>The rebels of traditional automakers are once again stuck on the edge of a cliff.</p><p>Bi Fukang and Dai Lei, two traditional automaker tycoons who founded Byton, one became the CEO of FF, and the other joined the company.<a href=\"https://laohu8.com/S/00708\">Evergrande Auto</a>His appointment as executive vice president left Byton struggling to survive.</p><p><h3>3</h3><h3><b>What exactly went wrong?</b></h3>Actually, looking at Byton's core business, it's quite good.</p><p>Byton has high brand recognition, nearly completed mass-produced vehicles, a 50-inch large landscape screen with top-notch design, and a cooperative background with the government and state-owned enterprises. More importantly, its brand-new Nanjing factory and production qualifications are genuine assets.</p><p>So where did Byton go wrong?</p><p><b>In fact, Byton failed to achieve mass production because it encountered the wrong people at every step of its development.</b></p><p>The most obvious problem is insufficient funds, which is the founder's fault. Building cars is a waste of money. Nio once said that you can't build cars without 20 billion yuan, and the latest entrant, Evergrande Car Manufacturing, has also invested 40 billion yuan in less than a year. However, Byton's tight cash flow is not due to waste from car manufacturing, but rather to management and allocation issues.</p><p>Byton's team comes entirely from traditional automakers, and its founder, Bi Fukang, is also known for his extravagant and wasteful style, making it difficult to allocate money. The most famous example is that 300 people at Byton ate snacks worth 50 million yuan, and a box of business cards cost as much as 1,000 yuan, which is just a small amount of money. The suppliers and partners chosen must be top-tier. Compared to Tesla, the even more expensive investment is in production line equipment and development. Byton President Daniel once proudly declared: \"Byton is different from other internet car manufacturers. We will not choose OEM manufacturing. We will build our own factory to manufacture cars.\" As a result, just acquiring qualifications inexplicably resulted in an additional 850 million yuan in debt. The global production base in Nanjing covers an area of 1,200 acres and has a total investment of over 11 billion yuan.</p><p>Money is spent on these superficial tasks, and the technical hurdles in car manufacturing have been delayed. Funding is the most crucial thing in car manufacturing. If you only see the factory buildings but not the prototypes and technological progress, you will naturally not be able to find the next step of financing. How can a founder with a traditional car company mindset break free from constraints and start a business from scratch in a down-to-earth manner?</p><p><img src=\"https://static.tigerbbs.com/847ed221423ff3fafb632408d1723b3f\" tg-width=\"562\" tg-height=\"540\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Secondly, there are technical issues. Although Byton's announcements of ultra-large screens and technology have always been far ahead of others, in reality, they are all just empty talk on paper. If the technology cannot be implemented, then<a href=\"https://laohu8.com/S/BJZ.SI\">tall</a>It's no use going up. Looking at the success of Nio, we can see that although the first car did have many shortcomings, once the car was made, improvements and upgrades accelerated. Looking at Byton, they never saw any results from beginning to end. Even the R&D personnel themselves said that some of the underlying technological foundations were lacking, and in the end, there were no cars at all.</p><p><img src=\"https://static.tigerbbs.com/3ecaf10b00d9dfd69e0a789eec6a90c3\" tg-width=\"511\" tg-height=\"368\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>If lack of funds and technology are common problems in new energy vehicles, then this year's shareholder disputes were the last straw that broke Byton's back.</b></p><p>During CES in January 2020, Byton had already established contact with Foxconn, hoping to cooperate. It wasn't until the fourth quarter of 2020 that Foxconn decided to send people to Nanjing for due diligence. During this period, Foxconn not only cooperated with domestic and foreign automakers such as Geely and Fisker, but also reported that it would manufacture its own cars, demonstrating its reliability.</p><p>Judging from the results, Foxconn has indeed accepted the cooperation with technology and sincerity, and has streamlined and adjusted its management, production lines, and technology.</p><p>However, two tigers cannot share one mountain, and now FAW, as the major shareholder, has suddenly stepped in and taken back control, making it clear that it cannot tolerate Foxconn. The management constraints of state-owned enterprises are vividly demonstrated in this. First, they would never delegate power to Foxconn, and second, they would never completely exclude themselves from saving Byton. Therefore, they would rather lose a thousand than hurt eight hundred of their enemies.</p><p>Previously, after leaving Byton, Bi Fukang told US media that he didn't think too much about it when he accepted FAW's investment, and only later discovered the problems caused by excessive intervention. Regardless of who is right or wrong, the major shareholder is inevitably to blame for Byton's entire fate.</p><p>The fact that Byton collapsed again just before it was revived speaks volumes.</p><p><img src=\"https://static.tigerbbs.com/162153c1b8664ca0f3b716d51a69d4f7\" tg-width=\"493\" tg-height=\"317\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>For<a href=\"https://laohu8.com/S/V03.SI\">Startup company</a>To put it simply, the investment isn't in the company itself, but<b>。 Byton, despite having the necessary qualifications and capital, is unwilling to invest, not only because of mass production and debt issues, but more importantly, because the company lacks leadership from a key figure.</b>Just like Tesla invested in Musk, Li Auto invested in Li Xiang, and even Faraday Future invested in Jia Yueting, look at Byton, how did it win capital?</p><p>Many people say that M-Byte is just one step away from mass production, but is that really the case?</p><p>Definitely not. If it were just a matter of funding, I believe they wouldn't stand idly by after burning through so much real capital.</p><p><h3>4</h3><h3><b>History repeats itself</b></h3>The story of emerging electric vehicle manufacturers talking on paper, making all the talk but little substance, and ending up in a mess is commonplace for people in the automotive industry. It is well known that the new energy vehicle industry is rife with bubbles.</p><p>However, history always repeats itself in a cycle, and everything is so familiar.</p><p>In 2013, the new energy vehicle market was booming, attracting a flood of capital. However, the reduction of government subsidies in 2018 triggered a large-scale collapse and liquidation of the industry, resulting in countless casualties. In 2020, new energy vehicle companies experienced another surge, with Tesla and the Three Musketeers breaking through the encirclement and mass production surging, sparking a new energy frenzy. However, most car companies failed before the dawn. In early 2021, subsidies continued to be reduced, and blind investment and illegal construction were strictly regulated, accelerating the survival of the fittest and eliminating and bankrupting a large number of enterprises.</p><p>However, the industry is full of ups and downs. Every time the bubble bursts, a new batch of players will flock in, as if failure had never happened.</p><p><img src=\"https://static.tigerbbs.com/a73233407000a8c88b8ce4cac7c458c8\" tg-width=\"489\" tg-height=\"324\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Recently, new energy has become popular again, and the entire industry chain has once again attracted the attention of investors. Not only have sales of new energy vehicles continued to exceed expectations, but the benefits of power batteries, as the \"crown jewel\" of new energy vehicles, are also constantly materializing, with both production and sales of new energy vehicles exceeding 1.2 million units, a year-on-year increase of 200%.</p><p><img src=\"https://static.tigerbbs.com/9096f8ae928e38d8128bb621423185e8\" tg-width=\"1001\" tg-height=\"716\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p><b>As a result, capital has once again become enthusiastic about chasing the hot topics of new energy vehicles. Internet technology giants have entered the market to manufacture cars one after another. In addition, with the continued advancement of \"carbon neutrality\", new energy vehicles have a lot of room to tell stories, and they will continue to do so.</b></p><p>Amidst the turmoil, Byton's bankruptcy was like a bucket of cold water, reminding people of the bubble that once went bankrupt. However, this is how an emerging industry develops. Many players rushed in and entered the market, experiencing ups and downs. Capital, with a \"better safe than sorry\" mentality, poured in one after another.</p><p>In fact, neither the newly entered tech giants nor the emerging car manufacturers that have already successfully mass-produced their vehicles are safe at present. The batch that has gone bankrupt now is one that cannot achieve mass production. What about the next stage? Once the technology matures, it will inevitably become widespread. Once all automakers have achieved production capacity, what will be the next standard for elimination? Whatever it is, there is a great risk that all players still on the track will be eliminated.</p><p><b>Faced with cycles and bubbles, it's not that all automakers that died before dawn weren't seriously building cars. It can only be said that an industry deserves respect, and the bubbles that are squeezed out are necessary for the market to drive industry development in the pursuit of profits.</b></p><p>Just like Byton, even if he stood up again, it would be too late. The once-proud central control screen and intelligent technology are no longer particularly special, and mass production has fallen far behind. It can only be said that one wrong step leads to another loss. Struggling is pointless, and being saved will not gain any advantage.</p><p><h3>5</h3><h3><b>Ending</b></h3>On July 18, 2021, Byton said in an interview with the media: \"We strive to achieve mass production of our first SUV model, the M-Byte, in the first quarter of 2022.\"</p><p>Do you believe this answer?</p><p>I don't believe it anyway.</p><p>After all, when its creditors choose to file for bankruptcy, when its employees choose to leave, when its executives choose to leave, and when its partners choose to withdraw, everything is predetermined.</p><p>Starting a business, from nothing to something, from small to large, can be described as fraught with challenges and a risk of death. For a considerable period of time, the investment and entrepreneurial communities liked to talk about trends, but the reality is that even if you seize the right opportunity, it doesn't guarantee success. There are far more cases of failure than success.</p><p>The reason is simple: in a crazy industry that no one understands yet, there are far more people who cheat and take advantage of the situation than those who calm down and work diligently.</p><p>Byton is on the verge of collapse, but looking back at its journey, it has attracted a lot of attention by attracting big capital, introducing popular celebrity managers, and using various concept models and promotional tactics, but it has yet to see mass production. All of this has an indescribable familiarity, as if it was deliberately arranged, which inevitably reminds people of the vigorous PPT car manufacturing boom a few years ago.</p><p>Byton is not the first, and it certainly won't be the last.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.gelonghui.com/p/476854\">格隆汇</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c4af5aeeb92ab5c306798a461f558b5c","relate_stocks":{"XPEV":"小鹏集团","LI":"理想汽车","NIO":"蔚来"},"source_url":"http://www.gelonghui.com/p/476854","is_english":false,"share_image_url":"https://static.laohu8.com/6b8fa6424aebe95f6781d04ef17a1852","article_id":"2153864685","content_text":"要说新能源车第一批的头部玩家，除了“三剑客”小鹏理想蔚来之外，拜腾一定算一个。\n因为自创立起，拜腾就包揽了各种顶流光环，宝马的创始人、豪华的技术团队、趋之若鹜的资本……\n它曾被公认为是传统车企的叛逆者，最有希望挑战特斯拉的独角兽。\n然而折腾了几年，却迟迟未能量产，逐渐销声匿迹。直到最近，拜腾再次成为话题的中心，而这次伴随它的却已变成了接连“被破产”的新闻。\n\n相比如今小鹏理想蔚来都已实现量产，并顺利登陆资本市场，成为国内最有希望挑战特斯拉的新势力，拜腾却在死亡边缘的挣扎显得越发可笑。\n明显没了胜算的拜腾，到底还在折腾什么？\n1\n创立——光环满身\n一副“万事俱备，只差东风”的牌，让拜腾打得稀烂。\n若说拜腾的创立，其实毕福康和戴雷都不是主角，真正幕后的大佬是一位神秘商人冯长革。\n冯长革1970年生于河南，2002年下海经商，先后涉足房地产、豪车经销等众多行业。2005年经销宝马汽车才与汽车结缘。2013年旗下和谐汽车已在香港上市，如今市值58亿港币。\n2014年3月，因公司与特斯拉有业务合作，所以冯长革有机会与马斯克会面。与马接触后，他开始产生做智能电动车的想法，随后找到富士康郭台铭、腾讯马化腾一起创造了和谐富腾合伙企业。而作为拜腾创始人的宝马副总裁毕福康和东风英菲尼迪总经理的戴雷都是被他们说服面试而来。\n\n不过2016年，和谐富腾内部爆发分歧，富士康、腾讯并未成功注资，项目也分崩离析。反而是因邀请面试而被说服的戴雷、毕福康对此仍有着极大兴趣，最后自掏腰包注资了FMC，开始转为创始人联合创业。\n而这似乎也奠定了拜腾创生之路上渣男频现的主基调。\n2017年9月，带着顶流光环的拜腾BYTON正式出道。CEO毕福康是宝马“i8之父”，总裁戴雷曾担任英菲尼迪中国总经理，设计副总裁叶禀焕曾在宝马担任设计副总裁。工作人员是一众来自苹果、谷歌、宝马、福特等公司的人才。\n\n全球汽车界驰骋多年的团队叠加中国新能源车的风口，瞬间得到了市场和众多资本的关注，直接晋级新能源电动车企的第一梯队。\n不过命途多舛。拜腾刚开始造车就赶上了2017年中国对造车资质的收紧，没有时间等待审批的拜腾选择了与一汽合作。不仅在B轮融资中，接受了一汽投资的2.6亿美元使其成为大股东，更在随后接受了华利汽车100%股权获得乘用车生产资质。\n但作为交换条件，拜腾也承担了一汽华利8亿元的债务，以及5462万元的员工薪酬。这也为其后拜腾的债务危机埋下伏笔。\n创立以来，拜腾汽车先后进行了6轮融资。仅前四轮融资，资金规模已达84亿元人民币，融资中除了一汽，还包括南京国资委、宁德时代等大佬。\n在造车新势力中，虽然与蔚来、威马、小鹏等车企的融资额仍有较大差距，可与其他新势力车企相比，也不算少的了。\n2\n倒下——虱子满堆\n融资解决后，拜腾渡过了一小段顺利时光。\n2018年1月，美国拉斯维加斯国际消费电子展（CES）上，拜腾发布了首款概念车“BYTON Concept”，定位为豪华中型SUV，这款车一经亮相便受到业内广泛关注。\n2018年4月，拜腾的南京工厂试炼车间已正式启用，试制样车也下线。\n2018年6月，“拜腾之夜” 拜腾旗下第二款产品:K-Byte Concept概念车全球首秀，以创新设计风潮、酷炫人机交互和国际先进的电动车平台开发，再次引发了极高的关注和讨论。\n同时，管理层亦公开表示，拜腾首款量产车型的预生产也将在2019年上半年实现。\n\n资质、生产线、技术、资金……表面上看，拜腾样样不差，就等量产了。\n然而，等来等去，等来的是拜腾分崩离析的噩耗。\n2019年4月，拜腾主帅毕福康竟然出现在了艾康尼克（ICONIQ）展台，并宣布出任其CEO。拜腾的负责人变成了联合创始人戴雷。\n这一出走直接带走了很多追随毕福康加入团队的重量级人物，如汽车数字技术副总裁陈泰宇，他走后最关键的中央网关工作几乎完全停滞。\n此外，戴雷上位后，由于更信任外国人，不同国家话语权明显不公，在内部沟通上，各部门和上下级之间更是矛盾重重，甚至电子电器团队和动力系统团队很少交流，这在造车领域闻所未闻。\n2019年下半年，预期的量产不仅没有到来，公司也愈发混乱。两个灵魂人物的矛盾也带着公司走向深渊。\n\n传统车企的叛逆者出逃，投资人自然对拜腾没了兴趣，加上2019年资本对新能源车的热情下降，拜腾的进展也举步维艰，说好的量产从年初拖到年尾都未能实行。\nC轮融资迟迟不能到位，资金链的断裂不仅导致车型上市时间推迟，公司经营也难以为继，几乎彻底崩盘。\n2020年4月份，拜腾美国分公司有50%的员工被“安排休假”；5月底，公司账面资金只剩下100多万美元，戴雷承认拖欠员工工资9000万；2020年6月30日，拜腾汽车宣布停工停产；7月，拜腾被央视点名“烧光84亿造不出量产车”……\n不仅如此，拜腾还背负着巨额债务，对一汽夏利的4.7亿元剩余欠款，工厂建设工程款和设备尾款。\n那一年，新能源车企的境况呈现完全相反的两个极端。小鹏理想蔚来已成功出圈，成为众人追捧的新能源之神；而很多PPT造车被示众，淘汰的淘汰，合并的合并，破产的破产。\n不过，拜腾仍寄托了市场的希望，和蚂蚁、快手等巨头一起被评为胡润年度全球独角兽。\n果不其然，拜腾虽死未僵。2021年1月，拜腾宣布，与鸿海集团所成立的 MIH 电动车联盟、南京经济技术开发区共同签署战略合作框架协定，由富士康科技、鸿华先进派驻团队进驻Byton的南京工厂，协助Byton实现量产电动新车的目标。\n但此次合作后来似乎也没有进一步的消息。\n结合6、7月公司接连被宣布破产的消息可知，一汽的介入再次让拯救者富士康无用武之地，已有退出的打算，一汽已接管了公司的管理控制权。\n传统车企的叛逆者，再次卡在了悬崖边。\n当年创立拜腾的两位传统车企大佬毕福康和戴雷，却一个成了FF的首席执行官，另一个加盟了恒大汽车担任常务副总裁，留下了拜腾垂死挣扎。\n3\n究竟错哪了？\n其实，纵观拜腾的基本盘还是很可以的。\n拜腾的品牌认知度高，有接近完成的量产车、造型设计一流的50英寸大横屏以及政府国企的合作背景，更重要的是全新的南京工厂和生产资质是货真价实的资产。\n那么拜腾到底错哪了？\n其实，拜腾没能实现量产的结局，是因为在他每一步发展中，都遇人不淑。\n首先最明显是钱不够的问题，也就是创始人的锅。造车都是浪费钱的，蔚来曾经说没有200亿造不出来车，最新入局者恒大造车不到一年也扔进去了400亿。但是拜腾的现金流吃紧，并不是造车浪费的，而是管理分配问题。\n拜腾的团队全部是从传统车企而来，创始人毕福康风格也惯于奢侈浪费，在花钱上分配很有问题。最有名的莫过于拜腾的300人吃掉了5000万元的零食，一盒名片费用高达千元，这还只是小钱；选择的供应商、合作也要顶流，对标特斯拉，更耗资巨大的是在产线设备、开发投入，拜腾总裁戴雷曾高傲地宣称：“拜腾与其它的互联网造车企业不同，不会选择代工，我们要自建工厂造车。”于是光收购资质，就莫名多出了8.5亿元的债务；在南京的全球生产基地占地1200亩，总投资逾110亿元。\n钱都花在这些表面功夫上，造车的技术关迟迟没有突破。而资金就是造车最为关键的事情，只看到厂房没看到样车和技术的进度，下一步融资自然没有着落。试问一个带着传统车企思维的创始人，如何跳出桎梏，踏实的从头创业呢？\n\n其次是技术问题。虽然拜腾对外公布的超大屏、技术一直遥遥领先其他，但实际上，都是纸面上的空谈。技术落不了地，再高大上也没用。看看蔚来的成功可以感受到，虽然第一款车确实不足很多，但是车做出来了，改进和升级也就快了。再看拜腾，自始至终都没有看到成果，甚至研发人员自己都表示，有些底层技术基础是缺失的，造车造到最后根本没有车。\n\n如果说缺钱缺技术是新能源车的通病，那么今年股东之间的纷争就是压死拜腾的最后一根稻草了。\n2020年1月的CES期间，拜腾就已经和富士康建立联系，希望合作。直到2020年四季度，富士康才下定决心派人到南京尽调，在这期间富士康不仅先后与吉利、Fisker等国内外车企合作，更有消息曝出，将自己造车，说明很靠得住。\n从效果来看，富士康也确实是带着技术和诚意的，合作接受手，不管是对管理还是生产线和技术都进行了梳理和调整。\n不过一山不容二虎，如今作为大股东的一汽却突然出手，接回了控制权，已摆明了容不下富士康的。国企在管理上的桎梏在这其中表现的淋漓尽致，首先绝不可能对富士康放权，其次也不可能让自己完全排除在救活拜腾之外，因此宁可自损一千，也要伤敌八百。\n此前毕福康在出走拜腾后，也曾对美媒说，接受一汽的投资时没想那么多，之后才发现干预过多产生的问题。不管孰对孰错，拜腾的整个命运中，大股东必然难辞其咎。\n如今拜腾在被救活的前一刻，再次倒塌，也足以说明了一些问题。\n\n对于创业公司来说，投的不是公司而是人。如今拜腾资质不差资本却不愿投入，不仅是因为量产和债务问题，更难的是企业没有灵魂人物的带领，就好比投特斯拉投的是马斯克，理想投的是李想一样，甚至是法拉第未来投的也是贾跃亭，看看拜腾，靠什么赢得资本呢？\n很多人说，M-Byte的量产就差“临门一脚”，但真的是这样吗？\n必然不是。如果只是资金问题，相信烧了这么多真金白银的资本不会见死不救。\n4\n历史再次重演\n造车新势力纸上谈兵，雷声大雨点小，最后一地鸡毛的故事，对于汽车圈内的人士而言早已司空见惯。新能源车行业充满了泡沫，也是众所周知。\n然而历史永远是在轮回中不断的重复，一切都是那么熟悉。\n2013年新能源车赛道大热，资本蜂拥而至，然而2018政府补贴退坡，引发了行业大面积暴雷出清，死伤无数；2020年的新能源车企再次大爆发，特斯拉和三剑客突出重围，量产暴涨带起了新能源狂欢，然而更有大多数车企倒在了黎明前；2021年初补贴继续退坡，盲目投资、违规建设等被严格监管，加速优胜劣汰，又淘汰和破产了一大波企业。\n然而行业起起伏伏，每次泡沫挤压过后，都会有新一批玩家蜂拥而至，仿佛失败从未出现过。\n\n最近，新能源再次火热，整个产业链也再次受到了投资者关注。不仅新能源汽车销量持续超预期，动力电池作为新能源车“皇冠上的明珠”利好也不断落地，新能源汽车产销量双双超过120万辆，同比增长200%。\n\n于是资本也再度狂热追逐新能源汽车的热点，互联网科技巨头们纷纷下场造车，加上“碳中和”持续推进，新能源汽车讲故事的空间很大，而且还要继续讲。\n风风火火之下，拜腾的破产像是一盆冷水，让人们想起了曾经破产的泡沫。不过一个新兴行业的发展，就是如此，众多玩家闻风而动，相继入局，起起落落，资本本着宁杀错不放过的心情，前赴后继。\n其实，不管是新入局的科技巨头们，还是已经成功量产的造车新势力，目前都未必安全。现在倒闭的是不能实现量产的一批，那下一阶段呢？技术成熟后，必将全面普及，当所有车企都能量产后，下一个出清的标准是什么呢？不管是什么，所有还在赛道的玩家被淘汰的危机都很大。\n面对周期，面对泡沫，不是说所有死在黎明前的车企们都没有在认真造车，只能说一个行业值得敬畏，而被挤出的泡沫们，是市场在追逐利益中推动行业发展的必需品。\n就如拜腾一样，就算再站起来，也晚了。曾经引以为豪的中控屏、智能化已不具备特殊性，量产又被远远落下，只能说，一步错步步输。挣扎已毫无意义，被救活也占不到任何便宜。\n5\n尾声\n2021年7月18日，拜腾在面对采访媒体时说：“力争在2022年第一季度实现首款SUV车型M-Byte量产。”\n这个答案你信吗？\n反正我不信。\n毕竟在它的债权人选择申请破产时、在它的员工选择离职、高管选择出走时，在他的合作伙伴选择退出时，一切的结局就注定了。\n创立一家企业，从无到有，从小到大，某程度上可以说荆棘满地、九死一生。过去相当长的一段时间，投资界、创业界喜欢讲风口，但事实是，即使抓对了风口，也不见得一定能成事，翻车的案例，绝对比成功的案例多得多。\n原因很简单，在一个的疯狂且众人还未看明白的赛道里，坑蒙拐骗、趁机割韭菜的人，比静下心来踏实做事的人，多得多。\n拜腾要倒下了，但回看它的一路，搭上大资本方、引入流量明星经理人、各种概念车型和宣传套路赚足眼球，但就是迟迟不见量产，这一切，有几分说不出的熟悉，好像刻意安排，这不禁让人想起数年前那场轰轰烈烈的PPT造车潮。\n拜腾，不是第一个，也肯定不会是最后一个。","news_type":1,"symbols_score_info":{"NIO":0.9,"XPEV":0.9,"LI":0.9}},"isVote":1,"tweetType":1,"viewCount":4323,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149087120,"gmtCreate":1625694741060,"gmtModify":1703746413460,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/149087120","repostId":"2149390842","repostType":4,"repost":{"id":"2149390842","kind":"highlight","pubTimestamp":1625668450,"share":"https://ttm.financial/m/news/2149390842?lang=en_US&edition=fundamental","pubTime":"2021-07-07 22:34","market":"fut","language":"zh","title":"Oil prices plummet as the UAE plans to unilaterally sell off oil.","url":"https://stock-news.laohu8.com/highlight/detail?id=2149390842","media":"华尔街见闻","summary":"阿联酋制定了一项新战略：在需求枯竭之前尽可能多地出售原油。","content":"<p>On Wednesday, the price of the main WTI crude oil futures contract fell sharply during trading.</p><p><img src=\"https://static.tigerbbs.com/cb2d1234c48fe0de6052894acce79f5f\" tg-width=\"1405\" tg-height=\"873\"></p><p>In terms of news, the the US Dollar Index DXY broke through the previous high of 92.76, reaching a new high since April 6.</p><p>On the other hand, behind the deadlock within OPEC+ regarding whether to increase oil production, a key cartel member—the UAE—has developed a new strategy:<b>Sell as much crude oil as possible before demand dries up.</b>The UAE has the world's largest untapped oil reserves, and this strategy marks the most significant shift in its oil policy in history, breaking with conventional wisdom. After all, the country's government has said for years that it is not worried about not finding buyers for crude oil for a long time to come (thus breaking the sell-off).</p><p>On the supply side, the parties involved in the Iran nuclear deal held multiple rounds of talks in Vienna starting in early April this year, and have not reached a consensus for three months now. With the election of hardline representative Raisi as Iran's new president, wariness towards the United States in the nuclear negotiations will only intensify. The market has repeatedly postponed the date for Iranian crude oil to return to the market, and the road ahead is currently long and arduous, with an uncertain future. The breakdown of OPEC+ negotiations means that subsequent production increase plans have been shelved, which will further exacerbate the global crude oil supply shortage.</p><p>On the demand side, global economic growth is expected to accelerate further, with developed economies continuing to outpace emerging economies in their recovery pace. The World Bank's latest Global Economic Prospect report raised its 2021 global economic growth forecast from 4.1% to 5.6%. With the continuous advancement of vaccination and the reopening of the economy, the demand for road travel in Europe and the United States has been significantly released. Public transportation and commuting in many countries have reached their highest levels since the beginning of last year. The travel index of major Eurozone economies is only about 10% lower than before the pandemic, while the travel activity index in the United States is down 6.5% from before the pandemic. With the lifting of travel restrictions, the consumption of aviation kerosene has greater potential for growth than the demand for land transportation fuel. Goldman Sachs predicts that global demand will reach 96.9 million barrels per day in June and 99.23 million barrels per day in August, further widening the crude oil supply and demand gap.</p><p>In terms of liquidity, the probability of a large-scale change in the monetary policy stance of major economies in the third quarter is low, and money market interest rates will remain low. Leading economic indicators in Europe and the United States have declined, raising market concerns that the economy may enter a stagflationary or deflationary cycle. According to the \"Merrill Lynch clock\" theory, crude oil prices perform well during stagflation periods, and we believe that the risk of deflation is not significant overall.</p>","source":"wallstreetcn_api","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>Oil prices plummet as the UAE plans to unilaterally sell off oil.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOil prices plummet as the UAE plans to unilaterally sell off oil.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-07-07 22:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On Wednesday, the price of the main WTI crude oil futures contract fell sharply during trading.</p><p><img src=\"https://static.tigerbbs.com/cb2d1234c48fe0de6052894acce79f5f\" tg-width=\"1405\" tg-height=\"873\"></p><p>In terms of news, the the US Dollar Index DXY broke through the previous high of 92.76, reaching a new high since April 6.</p><p>On the other hand, behind the deadlock within OPEC+ regarding whether to increase oil production, a key cartel member—the UAE—has developed a new strategy:<b>Sell as much crude oil as possible before demand dries up.</b>The UAE has the world's largest untapped oil reserves, and this strategy marks the most significant shift in its oil policy in history, breaking with conventional wisdom. After all, the country's government has said for years that it is not worried about not finding buyers for crude oil for a long time to come (thus breaking the sell-off).</p><p>On the supply side, the parties involved in the Iran nuclear deal held multiple rounds of talks in Vienna starting in early April this year, and have not reached a consensus for three months now. With the election of hardline representative Raisi as Iran's new president, wariness towards the United States in the nuclear negotiations will only intensify. The market has repeatedly postponed the date for Iranian crude oil to return to the market, and the road ahead is currently long and arduous, with an uncertain future. The breakdown of OPEC+ negotiations means that subsequent production increase plans have been shelved, which will further exacerbate the global crude oil supply shortage.</p><p>On the demand side, global economic growth is expected to accelerate further, with developed economies continuing to outpace emerging economies in their recovery pace. The World Bank's latest Global Economic Prospect report raised its 2021 global economic growth forecast from 4.1% to 5.6%. With the continuous advancement of vaccination and the reopening of the economy, the demand for road travel in Europe and the United States has been significantly released. Public transportation and commuting in many countries have reached their highest levels since the beginning of last year. The travel index of major Eurozone economies is only about 10% lower than before the pandemic, while the travel activity index in the United States is down 6.5% from before the pandemic. With the lifting of travel restrictions, the consumption of aviation kerosene has greater potential for growth than the demand for land transportation fuel. Goldman Sachs predicts that global demand will reach 96.9 million barrels per day in June and 99.23 million barrels per day in August, further widening the crude oil supply and demand gap.</p><p>In terms of liquidity, the probability of a large-scale change in the monetary policy stance of major economies in the third quarter is low, and money market interest rates will remain low. Leading economic indicators in Europe and the United States have declined, raising market concerns that the economy may enter a stagflationary or deflationary cycle. According to the \"Merrill Lynch clock\" theory, crude oil prices perform well during stagflation periods, and we believe that the risk of deflation is not significant overall.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3634829\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b40d7f90c920f8b2d2d6c0e89575a430","relate_stocks":{"USO":"美国原油ETF"},"source_url":"https://wallstreetcn.com/articles/3634829","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2149390842","content_text":"周三盘中，WTI原油期货主力合约价格直线下跌。\n\n消息面上，美元指数DXY突破前高92.76，创4月6日以来新高。\n另一方面，在OPEC+内部关于是否提高石油产量的僵局背后，一个关键的卡特尔成员——阿联酋制定了一项新战略：在需求枯竭之前尽可能多地出售原油。阿联酋是世界上最大的未开采源油储备国，该国的此项战略，标志着其石油政策正在发生历史上最显著的转变，并正在打破传统观念。毕竟多年来该国政府一直表示，他们并不担心在未来很长一段时间内找不到原油买家（从而击破出售）。\n供应方面，伊核协议相关方今年4月初开始在维也纳举行了多轮会谈，至今已持续三个月仍未达成共识。强硬派代表莱西当选伊朗新总统后，在核谈判中对美国的戒备心只会更加强烈。市场对伊朗原油回归市场的日期已经多次推迟，目前看道阻且长、前景难料。而OPEC+谈判破裂，意味着后续增产计划搁浅，将进一步加剧全球面临原油供应紧张的局面；\n需求方面，全球经济增长有望进一步提速，发达经济体复苏步伐继续领先新兴经济体。世界银行发布的最新一期《全球经济展望》报告，将2021年全球经济增长预期由4.1%上调至5.6%。随着疫苗接种的不断推进和经济的重新开放，欧美道路出行需求得到明显释放。许多国家的公共交通和上班出行都到了去年年初以来的最高水平，其中欧元区各大经济体出行指数仅较疫情前低10%左右，美国出行活动指数较疫情前下降了6.5%。随着出行限制的解除，航空煤油的消费相较于陆上交通燃料需求具有更大的上涨空间。高盛预计6月全球需求达到了9690万桶/天，8月份全球需求将达到9923万桶/天，原油供需缺口将进一步放大。\n流动性方面，三季度主要经济体货币政策立场发生大规模变化的概率较低，货币市场利率仍将保持低位运行态势。欧美经济运行领先指标回落，市场忧虑经济可能进入滞胀或通缩周期。按照“美林时钟”理论，滞涨期原油价格有不错的表现，至于通缩风险我们认为总体而言并不大。","news_type":1,"symbols_score_info":{"CLmain":0.9,"USO":0.9}},"isVote":1,"tweetType":1,"viewCount":5297,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149084162,"gmtCreate":1625694671756,"gmtModify":1703746412806,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/149084162","repostId":"1138737345","repostType":4,"isVote":1,"tweetType":1,"viewCount":4020,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149084325,"gmtCreate":1625694635667,"gmtModify":1703746413624,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/149084325","repostId":"2149367201","repostType":4,"repost":{"id":"2149367201","kind":"news","pubTimestamp":1625629870,"share":"https://ttm.financial/m/news/2149367201?lang=en_US&edition=fundamental","pubTime":"2021-07-07 11:51","market":"us","language":"zh","title":"There are constant calls for the cycle to peak; is it time to abandon overvalued \"dream stocks\"?","url":"https://stock-news.laohu8.com/highlight/detail?id=2149367201","media":"智通财经","summary":"6月开始比较明显的变化是美国2年期债券收益率显著拉升，突破横盘了1年多的通道，随着短端收益率的变化，收益率曲线也出现了平坦化特征，在复苏中后段，股票、商品、短债表现出了同步回落的特征。\n未来如果大类资","content":"<p>The most noticeable change starting in June was the significant rise in the yield on 2-year US Treasury bonds, breaking through the channel that had been sideways for more than a year. With the change in short-term yields, the yield curve also showed a flattening characteristic. In the middle and later stages of the recovery, stocks, commodities, and short-term bonds showed a simultaneous decline.</p><p>If major asset classes continue to perform according to the characteristics of this stage in the future, risky assets may face a medium-term adjustment. Does this mean that this economic cycle has peaked?</p><p>Two months ago, Wall Street<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>The May fund manager survey provided a forward-looking response and concluded that, whether in terms of economic growth expectations or in conjunction with capital expenditure plans, inflation expectations, etc., economic expansion in the post-pandemic era has peaked.</p><p><img src=\"https://static.tigerbbs.com/46bfaf0d47ea7cca18c1c370ccd708cc\" tg-width=\"500\" tg-height=\"301\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/06aa796f2b3c8520d767d8d73c1accce\" tg-width=\"500\" tg-height=\"301\" referrerpolicy=\"no-referrer\"></p><p>Of course, these forward-looking expectations need to be verified by more convincing data, such as the recently released global manufacturing PMI data, which has also peaked.</p><p>As Deutsche Bank analyst Frances Yared wrote, the global manufacturing PMI fell to 56.8% in June. Historically, a PMI of 54 would still be at a very high level. Therefore, at this stage, the decline from the peak should be seen as a correction after entering the middle of the cycle. The peak PMI data clearly confirms that we are currently at the \"top of the cycle,\" or rather, in the middle of the cycle.</p><p><img src=\"https://static.tigerbbs.com/d7da994dc0c86da1ef8c6b2402a8e731\" tg-width=\"500\" tg-height=\"337\" referrerpolicy=\"no-referrer\"></p><p>In addition, the Asian manufacturing PMI fell 0.8 percentage points to 51.2% in June from the previous month, marking the second consecutive month of decline and ending a seven-month range of around 52%, falling to around 51%.</p><p>A recent World Bank report predicts that the global economy will grow by 5.6% this year, the fastest growth rate in nearly 50 years and the fastest post-recession growth rate in nearly 80 years.</p><p>It is worth mentioning that,<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Michael Wilson has also been warning for months that the economic cycle is about to peak.</p><p>Bank of America also agrees with the view that the economic cycle has peaked, as Savita Subramanian, the bank's chief quantitative officer, wrote in a report: \"Historically, cyclical peaks have typically lasted 12 months, and now we only have four months left. Therefore, the current phase can continue at least into the summer, and possibly beyond.\"</p><p><img src=\"https://static.tigerbbs.com/15fea0a2f3b8a24b81f355926d7961e2\" tg-width=\"500\" tg-height=\"283\" referrerpolicy=\"no-referrer\"></p><p>What does this mean for investment?<b>The mid-cycle is typically accompanied by rising interest rates and capital expenditures, so valuation metrics that reflect a company's value and profitability that reflect capital expenditures are very important.</b></p><p>Jim Paulsen of Leuthold Group, through his analysis of bull market cycles over the past 40 years, points out that while every bull market is different, it usually follows the same pattern: a strong run at the beginning of the cycle, a hesitation period of a year or more, followed by a trend reversal, and of course, a collapse, assuming there is no bailout from the Federal Reserve.</p><p>In describing the medium-term cycle (which he calls the revaluation phase), Paulsen points out that corporate performance continues to improve, but valuations become stretched thin and pressure on yields to rise intensifies. In this situation, the stock market can only turn around within a year at most.</p><p>A general signal that a cycle has peaked is that valuations continue to rise, almost doubling from the bottom, and the company's performance and returns continue to improve.</p><p>For example, in 1982, the stock market rebounded sharply due to the continued decline in corporate profits and bond yields. Subsequently, the S&P 500 experienced a 15% correction in mid-1984, and the following year, yields began to rebound, with bond yields rising.</p><p>In 1992, corporate profits and yields declined as we entered the mid-1994 cycle, when the S&P index fell by nearly 10% in early 1994 and remained flat until 1995.</p><p>A similar situation occurred in 2004, when the P/E of the S&P 500 index fell from 22 times at the end of 2003 to less than 17 times at the end of 2004.</p><p><img src=\"https://static.tigerbbs.com/e8d4e56d16398ae45a8c51e7f5c630e3\" tg-width=\"500\" tg-height=\"534\" referrerpolicy=\"no-referrer\"></p><p>Traditionally, when the economy enters the next phase, the performance of growth stocks and high-quality stocks (value stocks) usually switches. Generally, during periods of expansion and stabilization (currently), growth stocks outperform cyclical stocks. Cyclical stocks typically outperform during the initial economic recovery period.</p><p>In short, this cycle is not a normal cycle. The pandemic has led to the valuation of some growth stocks approaching extremes. Therefore, at the current stage, we should focus on high-quality and highly profitable growth stocks, while some growth stocks can only be called \"dream stocks\" or \"belief stocks\" and may not be favored at this stage.</p>","source":"stock_zhitongcaijing","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>There are constant calls for the cycle to peak; is it time to abandon overvalued \"dream stocks\"?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThere are constant calls for the cycle to peak; is it time to abandon overvalued \"dream stocks\"?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">智通财经</strong><span class=\"h-time small\">2021-07-07 11:51</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The most noticeable change starting in June was the significant rise in the yield on 2-year US Treasury bonds, breaking through the channel that had been sideways for more than a year. With the change in short-term yields, the yield curve also showed a flattening characteristic. In the middle and later stages of the recovery, stocks, commodities, and short-term bonds showed a simultaneous decline.</p><p>If major asset classes continue to perform according to the characteristics of this stage in the future, risky assets may face a medium-term adjustment. Does this mean that this economic cycle has peaked?</p><p>Two months ago, Wall Street<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>The May fund manager survey provided a forward-looking response and concluded that, whether in terms of economic growth expectations or in conjunction with capital expenditure plans, inflation expectations, etc., economic expansion in the post-pandemic era has peaked.</p><p><img src=\"https://static.tigerbbs.com/46bfaf0d47ea7cca18c1c370ccd708cc\" tg-width=\"500\" tg-height=\"301\" referrerpolicy=\"no-referrer\"></p><p><img src=\"https://static.tigerbbs.com/06aa796f2b3c8520d767d8d73c1accce\" tg-width=\"500\" tg-height=\"301\" referrerpolicy=\"no-referrer\"></p><p>Of course, these forward-looking expectations need to be verified by more convincing data, such as the recently released global manufacturing PMI data, which has also peaked.</p><p>As Deutsche Bank analyst Frances Yared wrote, the global manufacturing PMI fell to 56.8% in June. Historically, a PMI of 54 would still be at a very high level. Therefore, at this stage, the decline from the peak should be seen as a correction after entering the middle of the cycle. The peak PMI data clearly confirms that we are currently at the \"top of the cycle,\" or rather, in the middle of the cycle.</p><p><img src=\"https://static.tigerbbs.com/d7da994dc0c86da1ef8c6b2402a8e731\" tg-width=\"500\" tg-height=\"337\" referrerpolicy=\"no-referrer\"></p><p>In addition, the Asian manufacturing PMI fell 0.8 percentage points to 51.2% in June from the previous month, marking the second consecutive month of decline and ending a seven-month range of around 52%, falling to around 51%.</p><p>A recent World Bank report predicts that the global economy will grow by 5.6% this year, the fastest growth rate in nearly 50 years and the fastest post-recession growth rate in nearly 80 years.</p><p>It is worth mentioning that,<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Michael Wilson has also been warning for months that the economic cycle is about to peak.</p><p>Bank of America also agrees with the view that the economic cycle has peaked, as Savita Subramanian, the bank's chief quantitative officer, wrote in a report: \"Historically, cyclical peaks have typically lasted 12 months, and now we only have four months left. Therefore, the current phase can continue at least into the summer, and possibly beyond.\"</p><p><img src=\"https://static.tigerbbs.com/15fea0a2f3b8a24b81f355926d7961e2\" tg-width=\"500\" tg-height=\"283\" referrerpolicy=\"no-referrer\"></p><p>What does this mean for investment?<b>The mid-cycle is typically accompanied by rising interest rates and capital expenditures, so valuation metrics that reflect a company's value and profitability that reflect capital expenditures are very important.</b></p><p>Jim Paulsen of Leuthold Group, through his analysis of bull market cycles over the past 40 years, points out that while every bull market is different, it usually follows the same pattern: a strong run at the beginning of the cycle, a hesitation period of a year or more, followed by a trend reversal, and of course, a collapse, assuming there is no bailout from the Federal Reserve.</p><p>In describing the medium-term cycle (which he calls the revaluation phase), Paulsen points out that corporate performance continues to improve, but valuations become stretched thin and pressure on yields to rise intensifies. In this situation, the stock market can only turn around within a year at most.</p><p>A general signal that a cycle has peaked is that valuations continue to rise, almost doubling from the bottom, and the company's performance and returns continue to improve.</p><p>For example, in 1982, the stock market rebounded sharply due to the continued decline in corporate profits and bond yields. Subsequently, the S&P 500 experienced a 15% correction in mid-1984, and the following year, yields began to rebound, with bond yields rising.</p><p>In 1992, corporate profits and yields declined as we entered the mid-1994 cycle, when the S&P index fell by nearly 10% in early 1994 and remained flat until 1995.</p><p>A similar situation occurred in 2004, when the P/E of the S&P 500 index fell from 22 times at the end of 2003 to less than 17 times at the end of 2004.</p><p><img src=\"https://static.tigerbbs.com/e8d4e56d16398ae45a8c51e7f5c630e3\" tg-width=\"500\" tg-height=\"534\" referrerpolicy=\"no-referrer\"></p><p>Traditionally, when the economy enters the next phase, the performance of growth stocks and high-quality stocks (value stocks) usually switches. Generally, during periods of expansion and stabilization (currently), growth stocks outperform cyclical stocks. Cyclical stocks typically outperform during the initial economic recovery period.</p><p>In short, this cycle is not a normal cycle. The pandemic has led to the valuation of some growth stocks approaching extremes. Therefore, at the current stage, we should focus on high-quality and highly profitable growth stocks, while some growth stocks can only be called \"dream stocks\" or \"belief stocks\" and may not be favored at this stage.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.zhitongcaijing.com/content/detail/508819.html\">智通财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/15e20574f8fb568333181d61bb200086","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","SSO":"2倍做多标普500ETF-ProShares","SPXU":"三倍做空标普500ETF-ProShares","OEF":"标普100指数ETF-iShares","SH":"做空标普500-Proshares","OEX":"标普100","SDS":"两倍做空标普500 ETF-ProShares","UPRO":"三倍做多标普500ETF-ProShares","IVV":"标普500ETF-iShares",".SPX":"S&P 500 Index"},"source_url":"http://www.zhitongcaijing.com/content/detail/508819.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2149367201","content_text":"6月开始比较明显的变化是美国2年期债券收益率显著拉升，突破横盘了1年多的通道，随着短端收益率的变化，收益率曲线也出现了平坦化特征，在复苏中后段，股票、商品、短债表现出了同步回落的特征。\n未来如果大类资产仍顺着这一阶段特征持续演绎，那么风险资产或将面临中期调整，那么，这是否意味着此轮经济周期已经见顶呢?\n两个月前，华尔街对美国银行5月份的基金经理调查做出了前瞻性回应，并得出结论：无论从经济增长预期来看，还是结合资本支出计划、通胀预期等等，后疫情时代经济扩张已见顶。\n\n\n当然，这些前瞻性预期需要一些更有说服力的数据的验证，如近日最新公布的全球制造业PMI数据也已经见顶。\n正如德银分析师Frances Yared所写，6月全球制造业PMI回落至56.8%，从历史角度来看，PMI为54仍将处于非常高的水平，因此现阶段，从峰值开始的下跌应被视为进入周期中期后的修正。PMI峰值数据明确证实，目前正处于“周期顶部”，也可以说周期中期阶段。\n\n此外，6月亚洲制造业PMI较上月下降0.8个百分点至51.2%，连续2个月环比下降，结束了连续7个月52%左右的运行区间，降至51%附近。\n世界银行近期发布报告预计今年全球经济将增长5.6%，是近50年来最快涨速，也是近80年来最快的衰退后涨速。\n值得一提的是，摩根士丹利的迈克尔•威尔逊(MichaelWilson)几个月来也一直警告经济周期即将见顶。\n美国银行也同意经济周期见顶的观点，如该行首席量化官萨维塔•苏布拉曼尼亚(Savita Subramanian)的一份报告中写道，“历史上周期顶部区间通常会持续12个月，目前我们只剩下4个月了。因此，目前的阶段至少可以延续到夏季，并有可能延续到夏季以后。”\n\n这对投资意味着什么?周期中期通常伴随着利率和资本支出的上升，因此，反映公司价值的估值指标和反映资本支出的盈利能力非常重要。\nLeuthold Group的Jim Paulsen通过分析了过去40年的牛市周期指出，虽然每一个牛市都是不同的，但遵循的模式通常是相同的：即周期开始时的强劲运行，持续一年或更长时间的犹豫期，然后趋势发生逆转，当然也可能是崩盘，假设没有美联储的救助。\nPaulsen在描述中期周期(他称之为价值重估阶段)时指出，此时企业业绩继续改善，但估值变得捉襟见肘，收益率上升的压力加剧。在这种情况下，股市最多只能在一年内将发生转向。\n一般周期见顶的信号为：估值不断上升，几乎从谷底翻番，公司业绩和收益率都持续提高。\n如1982年，由于企业利润和债券收益率持续下降，股市出现大幅反弹。随后，标准普尔500指数在1984年中期出现了15%的回调，第二年，收益开始回升，债券收益率上升。\n1992年，企业利润和收益率在进入1994年中期周期时出现下滑，当时标普指数在1994年初下跌了近10%，并一直持平到1995年。\n类似的情况发生在2004年，当时标普500指数的市盈率从2003年末的22倍下降到2004年末的17倍以下。\n\n传统上，当景气迈入下一阶段时，成长股、高质量股票(价值股)通常表现会切换。一般在扩张和趋于稳定的时期(当下)，成长股会跑赢周期股。周期股一般在最初的经济复苏期跑赢。\n总之，这一轮周期并非正常的周期，疫情导致部分成长股的估值已接近极端，因此在当前的阶段，应聚焦高质量和高盈利能力的成长股，而一部分成长股只能被称为“梦想股”或“信仰股”，在这一阶段可能并不会受到青睐。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"OEF":0.9,"SSO":0.9,".SPX":0.9,"ESmain":0.9,"SH":0.9,"SDS":0.9,"OEX":0.9,"SPXU":0.9,"UPRO":0.9,"IVV":0.9}},"isVote":1,"tweetType":1,"viewCount":1832,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149085882,"gmtCreate":1625694554046,"gmtModify":1703746411991,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/149085882","repostId":"2149360700","repostType":4,"isVote":1,"tweetType":1,"viewCount":2090,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150244158,"gmtCreate":1624918406874,"gmtModify":1703847695546,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"title":"","htmlText":"666???","listText":"666???","text":"666???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150244158","repostId":"1186578125","repostType":4,"repost":{"id":"1186578125","kind":"news","pubTimestamp":1624879503,"share":"https://ttm.financial/m/news/1186578125?lang=en_US&edition=fundamental","pubTime":"2021-06-28 19:25","market":"sh","language":"zh","title":"Dalio's latest speech: The stock market is not necessarily in a bubble right now.","url":"https://stock-news.laohu8.com/highlight/detail?id=1186578125","media":"人民币交易与研究","summary":"全球最大对冲基金桥水创始人达里奥6月24日连发两篇推文，介绍自己衡量泡沫的六项指标，并发布了一个10分钟的视频阐述自己对当下股市泡沫的看法。\n在这个应罗宾汉基金会要求解释股票泡沫的视频中，达里奥表示，","content":"<p>On June 24, Dalio, founder of Bridgewater Associates, the world's largest hedge fund, posted two tweets introducing his six metrics for measuring bubbles and released a 10-minute video explaining his views on the current stock market bubble.</p><p>In the video, which was requested by the Robin Hood Foundation to explain the stock bubble, Dalio stated that while indicators show that some stocks currently \"have a bubble,\" the stock market is not necessarily in a bubble right now.</p><p><img src=\"https://static.tigerbbs.com/ed46d81d71867f2d1eb8b3b9ad012779\" tg-width=\"532\" tg-height=\"720\" referrerpolicy=\"no-referrer\"></p><p>\"By bubble, I mean unsustainably high prices, and I measure it using six metrics,\" Dalio tweeted, noting that investors need to pay attention to signs such as buyer leverage levels and the number of new buyers.</p><p>In fact, as early as mid-May, Dalio shared his research on stock market bubbles on his official WeChat account, detailing these six systemic \"bubble indicators,\" including price, bullish sentiment, and leverage:</p><p>1. How high is the price compared to traditional measurement standards?</p><p>2. Do prices reflect an unsustainable situation?</p><p>3. How many new buyers (i.e., people who were not previously in the market) entered the market?</p><p>4. How widespread is bullish sentiment?</p><p>5. Does the trade rely on high leverage?</p><p>6. Do buyers engage in excessive forward trading (such as building inventory, entering into forward agreements, etc.) to speculate or protect themselves from future price increases?</p><p><img src=\"https://static.tigerbbs.com/b89447f632ae50e578dd9ebcd007795e\" tg-width=\"550\" tg-height=\"306\" referrerpolicy=\"no-referrer\"></p><p>The following is the full text of the video presentation titled \"Is the Stock Market Currently in a Bubble?\"</p><p>Hello everyone, it's great to be here on behalf of everyone who has been helped by Robin Hood (the Foundation).</p><p>You know, I knew Robin Hood because I knew Paul Tudor Jones when Robin Hood was a glimmer of light in his eyes. He would play basketball with the kids in the Bed Stuy neighborhood, and I was fortunate to see him and all the staff at the Robin Hood Foundation helping alleviate poverty in America in a very personal and efficient way, and to be a part of it. Everything you've done has been wonderful, so I just want to thank you for everything you've done and tell you how happy I am to be able to come here and do my small part.</p><p>I was asked to talk about bubbles, whether the market, the stock market, is in a bubble, and what kind of bubble it is. I just want to give you some thoughts on this problem, I only have about 10 minutes. So I want to speak quickly. A few years ago, I started thinking: What is a bubble? When we are in a bubble, what do I mean by bubble? Because in my 50-year investment career, I have seen many bubbles.</p><p>There are six things in my mind that I basically think will cause a bubble, and I've listed them one by one. Now, look at them so that you know what I'm talking about.</p><p>First, as you know, how high our prices are relative to traditional price measures is a consideration. For example, you know things like our PSI or yield, which is a consideration, but it's not what I'm talking about as a bubble.</p><p>For example, high prices and low returns may occur, and this situation can last for a long time. However, this does not mean that the bubble will burst; it is just one of the components.</p><p>Second, price reflects unsustainable conditions, referring to the nature of the buyer, who is buying, and how they are buying. Unsustainable conditions can lead to price adjustments or declines, and then a third speculative factor emerges—new buyers are attracted to the market.</p><p>You know, it’s like a cocktail party where some people who never attend show up, which is investing in certain assets, maybe tech stocks, maybe real estate, but either way, everyone thinks that not holding those things will make them feel stupid, and so on.</p><p>The fifth is the large purchase of forward \"contracts,\" such as someone buying an apartment they don't know about because they think it will rise, or using the era of large-scale commodity trading as an example. I would observe people who use commodities, who buy a large number of forward contracts. In other words, buy inventory to protect yourself from rising prices.</p><p>So when they leave the market—as we've seen recently in the commodities market—when they sell forward contracts and prices continue to fall, they say, \"I don't want it either.\"</p><p>When prices rise, they will say that we need to implement premium protection to hedge against the price increase. Therefore, buyers who extend these forward purchases are a (bubble) indicator.</p><p>I use this table to show the entire stock market, and I apply this framework to basically all assets, and use a systematic approach to try to determine which ones are in a bubble. In my opinion, among all kinds of stocks, some have bubbles and some do not, and the entire stock market is as this chart shows.</p><p>This chart dates back to 1910 and is an indicator of the extent of the bubble. You can see that there is a bubble now, but it is not as high as in 2000 and 1929, but it is higher than in 2007.</p><p><img src=\"https://static.tigerbbs.com/4c4f2ff86c22e19d1a051e96d120c0fa\" tg-width=\"640\" tg-height=\"347\" referrerpolicy=\"no-referrer\"></p><p>Let's look at stocks with bubbles; according to these criteria, many stocks do not have bubbles.</p><p><img src=\"https://static.tigerbbs.com/4ebf9f9bfdd5c982106b5c4f97acf635\" tg-width=\"640\" tg-height=\"339\" referrerpolicy=\"no-referrer\"></p><p>This chart dates back to 1995. Compared to 2000, the market capitalization of the top 1,000 companies has a bubble of about 5%, and the share of the entire S&P 500 index with a bubble is about 2%. Although not as high as in 2000, it is higher than in 2007.</p><p>Now let's look at the next chart showing bubble stocks.</p><p><img src=\"https://static.tigerbbs.com/15720e9f5f0240be2ddeda3d14230eaa\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"></p><p>When I separate these bubble stocks from the S&P 500 index, I can see that the proportion of bubble stocks in the broader market is decreasing. I believe this situation is likely to continue, but we are currently in a bubble. One problem is that bubbles can expand and contract, and timing is a big issue.</p><p>The chart below dates back to 1900. The chart above shows the ratio of debt to gross domestic product (GDP), the blue line below shows the interest rate, and the red line shows the scale of money printing, which is the amount of money flowing in. So you can see that when debt accumulates, as is the case now, and near-zero interest rates are implemented, both conditions exist simultaneously, and money is printed in large quantities.</p><p><img src=\"https://static.tigerbbs.com/e5d3d3c839ca42009c377a3eed7c9c3c\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"></p><p>This is a key factor in bubbles because there is a lot of liquidity entering the market, and then a lot of money drives up the prices of various assets, so you can see that when the blue line touches zero, the red line rises sharply. A large amount of liquidity, massive debt financing, and debt monetization have created a typical bubble.</p><p>Other factors that can create bubbles are new stock listings, especially if they are not profitable, or in many cases have no prospect of profitability.</p><p>These are also considerations for bubbles, so I would say that you cannot say that the current stock market is in the highest degree of bubble. You must distinguish which stocks are in a bubble or have always been in a bubble. Which stocks are not? In fact, many stocks are not currently in a bubble.</p><p>So I hope this gives you some insight into bubbles, how I view them, and where we are right now. Thank you.</p>","source":"lsy1574157197600","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>Dalio's latest speech: The stock market is not necessarily in a bubble right now.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nDalio's latest speech: The stock market is not necessarily in a bubble right now.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">人民币交易与研究</strong><span class=\"h-time small\">2021-06-28 19:25</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On June 24, Dalio, founder of Bridgewater Associates, the world's largest hedge fund, posted two tweets introducing his six metrics for measuring bubbles and released a 10-minute video explaining his views on the current stock market bubble.</p><p>In the video, which was requested by the Robin Hood Foundation to explain the stock bubble, Dalio stated that while indicators show that some stocks currently \"have a bubble,\" the stock market is not necessarily in a bubble right now.</p><p><img src=\"https://static.tigerbbs.com/ed46d81d71867f2d1eb8b3b9ad012779\" tg-width=\"532\" tg-height=\"720\" referrerpolicy=\"no-referrer\"></p><p>\"By bubble, I mean unsustainably high prices, and I measure it using six metrics,\" Dalio tweeted, noting that investors need to pay attention to signs such as buyer leverage levels and the number of new buyers.</p><p>In fact, as early as mid-May, Dalio shared his research on stock market bubbles on his official WeChat account, detailing these six systemic \"bubble indicators,\" including price, bullish sentiment, and leverage:</p><p>1. How high is the price compared to traditional measurement standards?</p><p>2. Do prices reflect an unsustainable situation?</p><p>3. How many new buyers (i.e., people who were not previously in the market) entered the market?</p><p>4. How widespread is bullish sentiment?</p><p>5. Does the trade rely on high leverage?</p><p>6. Do buyers engage in excessive forward trading (such as building inventory, entering into forward agreements, etc.) to speculate or protect themselves from future price increases?</p><p><img src=\"https://static.tigerbbs.com/b89447f632ae50e578dd9ebcd007795e\" tg-width=\"550\" tg-height=\"306\" referrerpolicy=\"no-referrer\"></p><p>The following is the full text of the video presentation titled \"Is the Stock Market Currently in a Bubble?\"</p><p>Hello everyone, it's great to be here on behalf of everyone who has been helped by Robin Hood (the Foundation).</p><p>You know, I knew Robin Hood because I knew Paul Tudor Jones when Robin Hood was a glimmer of light in his eyes. He would play basketball with the kids in the Bed Stuy neighborhood, and I was fortunate to see him and all the staff at the Robin Hood Foundation helping alleviate poverty in America in a very personal and efficient way, and to be a part of it. Everything you've done has been wonderful, so I just want to thank you for everything you've done and tell you how happy I am to be able to come here and do my small part.</p><p>I was asked to talk about bubbles, whether the market, the stock market, is in a bubble, and what kind of bubble it is. I just want to give you some thoughts on this problem, I only have about 10 minutes. So I want to speak quickly. A few years ago, I started thinking: What is a bubble? When we are in a bubble, what do I mean by bubble? Because in my 50-year investment career, I have seen many bubbles.</p><p>There are six things in my mind that I basically think will cause a bubble, and I've listed them one by one. Now, look at them so that you know what I'm talking about.</p><p>First, as you know, how high our prices are relative to traditional price measures is a consideration. For example, you know things like our PSI or yield, which is a consideration, but it's not what I'm talking about as a bubble.</p><p>For example, high prices and low returns may occur, and this situation can last for a long time. However, this does not mean that the bubble will burst; it is just one of the components.</p><p>Second, price reflects unsustainable conditions, referring to the nature of the buyer, who is buying, and how they are buying. Unsustainable conditions can lead to price adjustments or declines, and then a third speculative factor emerges—new buyers are attracted to the market.</p><p>You know, it’s like a cocktail party where some people who never attend show up, which is investing in certain assets, maybe tech stocks, maybe real estate, but either way, everyone thinks that not holding those things will make them feel stupid, and so on.</p><p>The fifth is the large purchase of forward \"contracts,\" such as someone buying an apartment they don't know about because they think it will rise, or using the era of large-scale commodity trading as an example. I would observe people who use commodities, who buy a large number of forward contracts. In other words, buy inventory to protect yourself from rising prices.</p><p>So when they leave the market—as we've seen recently in the commodities market—when they sell forward contracts and prices continue to fall, they say, \"I don't want it either.\"</p><p>When prices rise, they will say that we need to implement premium protection to hedge against the price increase. Therefore, buyers who extend these forward purchases are a (bubble) indicator.</p><p>I use this table to show the entire stock market, and I apply this framework to basically all assets, and use a systematic approach to try to determine which ones are in a bubble. In my opinion, among all kinds of stocks, some have bubbles and some do not, and the entire stock market is as this chart shows.</p><p>This chart dates back to 1910 and is an indicator of the extent of the bubble. You can see that there is a bubble now, but it is not as high as in 2000 and 1929, but it is higher than in 2007.</p><p><img src=\"https://static.tigerbbs.com/4c4f2ff86c22e19d1a051e96d120c0fa\" tg-width=\"640\" tg-height=\"347\" referrerpolicy=\"no-referrer\"></p><p>Let's look at stocks with bubbles; according to these criteria, many stocks do not have bubbles.</p><p><img src=\"https://static.tigerbbs.com/4ebf9f9bfdd5c982106b5c4f97acf635\" tg-width=\"640\" tg-height=\"339\" referrerpolicy=\"no-referrer\"></p><p>This chart dates back to 1995. Compared to 2000, the market capitalization of the top 1,000 companies has a bubble of about 5%, and the share of the entire S&P 500 index with a bubble is about 2%. Although not as high as in 2000, it is higher than in 2007.</p><p>Now let's look at the next chart showing bubble stocks.</p><p><img src=\"https://static.tigerbbs.com/15720e9f5f0240be2ddeda3d14230eaa\" tg-width=\"640\" tg-height=\"352\" referrerpolicy=\"no-referrer\"></p><p>When I separate these bubble stocks from the S&P 500 index, I can see that the proportion of bubble stocks in the broader market is decreasing. I believe this situation is likely to continue, but we are currently in a bubble. One problem is that bubbles can expand and contract, and timing is a big issue.</p><p>The chart below dates back to 1900. The chart above shows the ratio of debt to gross domestic product (GDP), the blue line below shows the interest rate, and the red line shows the scale of money printing, which is the amount of money flowing in. So you can see that when debt accumulates, as is the case now, and near-zero interest rates are implemented, both conditions exist simultaneously, and money is printed in large quantities.</p><p><img src=\"https://static.tigerbbs.com/e5d3d3c839ca42009c377a3eed7c9c3c\" tg-width=\"640\" tg-height=\"360\" referrerpolicy=\"no-referrer\"></p><p>This is a key factor in bubbles because there is a lot of liquidity entering the market, and then a lot of money drives up the prices of various assets, so you can see that when the blue line touches zero, the red line rises sharply. A large amount of liquidity, massive debt financing, and debt monetization have created a typical bubble.</p><p>Other factors that can create bubbles are new stock listings, especially if they are not profitable, or in many cases have no prospect of profitability.</p><p>These are also considerations for bubbles, so I would say that you cannot say that the current stock market is in the highest degree of bubble. You must distinguish which stocks are in a bubble or have always been in a bubble. Which stocks are not? In fact, many stocks are not currently in a bubble.</p><p>So I hope this gives you some insight into bubbles, how I view them, and where we are right now. Thank you.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/lv14Xv-iB491-ddK3pdX_w\">人民币交易与研究</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/61ac6f61084482a9c0c70291c78e92f5","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://mp.weixin.qq.com/s/lv14Xv-iB491-ddK3pdX_w","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186578125","content_text":"全球最大对冲基金桥水创始人达里奥6月24日连发两篇推文，介绍自己衡量泡沫的六项指标，并发布了一个10分钟的视频阐述自己对当下股市泡沫的看法。\n在这个应罗宾汉基金会要求解释股票泡沫的视频中，达里奥表示，虽然指标显示一些股票目前“存在泡沫”，但股市眼下不一定处于泡沫中。\n\n达里奥在推文中写道，“我所说的泡沫是指不可持续的高价，我用六项指标来衡量它”，并指出投资者需关注买家杠杆水平和新买家数量等迹象。\n事实上，早在5月中旬时，达里奥就曾在公众号分享了他对股市泡沫的研究，详述了这六种系统性“泡沫指标”，包括价格、看涨情绪、杠杆高低等：\n1． 相对传统的衡量标准，价格有多高？\n2． 价格是否反映了不可持续的状况？\n3． 有多少新买家（即之前不在市场里的人）进入了市场？\n4． 看涨情绪有多普遍？\n5． 交易是否依赖高杠杆的支撑？\n6． 买家是否过度进行远期交易（如建立库存、签订远期协议等）来投机或保护自己免受未来价格上涨的影响？\n\n以下是这个名为《股市目前是否处于泡沫中？》的视频演讲全文：\n大家好，很高兴能代表所有被罗宾汉（基金会）帮助过的人来到这里。\n你们知道，知道罗宾汉，是因为我认识保罗·都铎·琼斯，当时罗宾汉是他眼里的一抹微光，他会在贝德福德-斯图文森特街区（Bed Stuy）和孩子们一起打篮球，我很幸运能够看到他和罗宾汉基金的所有工作人员，以一种非常个人化和高效的方式来帮助减轻美国的贫困，并且能够成为其中的一员。你们所做的一切都很棒，所以我只想感谢你们所做的一切，并且告诉你们能够来到这里并尽我的微薄之力，我有多么高兴。\n我被要求谈论泡沫，市场、股市是否处于泡沫中，以及什么样的泡沫。我只想给你们一些关于这个问题的想法，我只有大约10分钟的时间。所以我想讲快点，几年前，我开始思考：什么是泡沫？当我们身处泡沫中时，我所说的泡沫是指什么？因为在我50年的投资生涯中，我看到了很多泡沫。\n在我脑海中，有六件事是我基本上认为会导致产生泡沫的，我将他们一一列举出来。现在，看着它们，以便您知道我在说什么。\n首先，您知道，我们的价格相对于传统的价格衡量标准有多高是一个考虑因素。例如，你知道我们的PSI或收益率之类的东西，这是一个考虑因素，但这不是我所说的泡沫。\n比方说，可能出现价格高回报低的现象，而且这种情况可以持续很长时间，但这并不意味着泡沫会破灭，只是其中一个组成因素。\n第二，价格是反映不可持续的条件，这里指的是买方的性质，谁在买入和如何买入，不可持续的条件会产生了价格调整或下跌，然后就出现了第三个投机因素——市场上的新买家被吸引了。\n您知道，这就像鸡尾酒会，有些从不参加的人出现了，也就是投资了某些资产，可能是科技股，也可能是房地产，但无论如何，每个人都想，没有持有这些东西会让他们觉得自己很蠢，诸如此类。\n第五项是大额购买远期“合约”，比如有人买了他们不了解的公寓，因为他们认为公寓会上涨，或者用大规模交易大宗商品的年代来举例。我会观察那些使用大宗商品的人，他们购买了大量远期合约。换句话说，购买库存以保护自己免受价格上涨的影响。\n所以当他们离场的时候——正如我们最近在大宗商品市场看到的——当他们抛售远期合约时，价格持续下跌，他们会说“我也不想要它”。\n而当价格上涨时，他们会说我们要进行溢价保护，对冲价格上涨。所以，延长了这些远期购买的买家是一个（泡沫）指标。\n我用这张表显示整个股市，我把这个框架基本上应用到所有资产上，并且使用一种系统化的方法，试图判断哪些处在泡沫中。在我看来，在各种各样的股票中，有些存在泡沫，有些则没有，而整个股市正如这张图表所显示的。\n这张图表可以追溯到1910年，它是一个彰显泡沫程度的指标。你可以看到当前是有泡沫的，但没有2000年和1929年那么高，不过高于2007年。\n\n让我们看看存在泡沫的股票，根据这些标准，很多股票没有泡沫。\n\n这张图表追溯到1995年，与2000年相比，前1000名的企业市值存在泡沫比例约为5%，整个标普500指数存在泡沫的份额约为2%，虽然不如2000年高，但比2007年高。\n现在来看下一张显示了泡沫股票的图表。\n\n我把这些泡沫股票与标准普尔500指数分离，可以看到泡沫股在大盘中的比例下降，我相信这种情况很可能会持续下去，但目前处于泡沫之中。其中一个问题是，泡沫可以扩张和收缩，时机是个大问题。\n下面这张图表可以追溯到1900年，上图显示的是债务与国内生产总值（GDP）之比，下图中蓝线显示的是利率，红线显示印钞规模，也就是流入的货币量。所以你可以看到当债务累加时，就像现在的情况，并且实施近零利率，这两种情况同时存在时就会大肆印钞。\n\n这是泡沫的一个关键因素，因为有大量的流动性进入市场，然后有很多资金哄抬各种各样的资产价格，所以你可以看到，当蓝线触及零时，红线大幅上行。大量流动性，大量的债务融资和债务货币化形成了一个典型的泡沫。\n其他可能产生泡沫的因素则是新股上市，特别是如果它们没有盈利，或者是在许多情况下没有盈利的前景。\n这些也是泡沫的考虑因素，所以我想说，你不能说当前的股市处于最高程度的泡沫，你必须区分哪些股票正处于泡沫中、或者一直处于泡沫中；哪些股票没有，实际上目前有许多股票并没有处于泡沫中。\n所以我希望这能让你对泡沫有所了解、我如何看待它们以及我们目前处于什么位置。谢谢。","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2321,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150245560,"gmtCreate":1624918366450,"gmtModify":1703847694409,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150245560","repostId":"1180159838","repostType":4,"repost":{"id":"1180159838","kind":"news","pubTimestamp":1624880950,"share":"https://ttm.financial/m/news/1180159838?lang=en_US&edition=fundamental","pubTime":"2021-06-28 19:49","market":"sh","language":"zh","title":"US stocks not bearish VS. 15% pullback! Major banks predict US and Hong Kong stocks in the second half of the year.","url":"https://stock-news.laohu8.com/highlight/detail?id=1180159838","media":"美港电讯APP","summary":"美股今年迄今取得较大涨幅，市场关注美联储通胀及加息表态，港股今年迄今经历“过山车式”走势，大行对于下半年表现预期不一，有哪些需要关注的？美股下半年展望\n上周美股大幅反弹，纳指及标普500指数指数均刷新","content":"<p>US stocks have seen significant gains so far this year, with the market focusing on the Federal Reserve's inflation and rate hike statements. Hong Kong stocks have experienced a \"rollercoaster\" trend so far this year, and major banks have different expectations for their performance in the second half of the year. What should we pay attention to?<img src=\"https://static.tigerbbs.com/347e042b7f2477eb321a5543ae792f38\" tg-width=\"735\" tg-height=\"656\"><b>US stock market outlook for the second half of the year</b></p><p>U.S. stocks rebounded sharply last week, with both the Nasdaq and S&P 500 indices hitting record highs. Benefiting from the economic recovery, U.S. stocks have achieved significant gains so far in 2021, with the Dow Jones Industrial Average up 12.51%, the Nasdaq Composite up 11.42%, and the S&P 500 up 13.97%. The market is focused on the Federal Reserve's statements on inflation and rate hike. Major banks have differing expectations for the second half of the year. Which sectors are worth paying attention to?</p><p><b>Credit Suisse: The stock market will outperform other assets.</b></p><p>Credit Suisse expects global economic growth to accelerate in the coming months as countries gradually reopen their economies. In this process, the stock market will outperform other assets. In its second-half outlook strategy report, Credit Suisse wrote that it expects the global economy to grow by 5.9% year-on-year in 2021 and reach 4% in 2022. The growth is mainly driven by the advancement of vaccination progress, fiscal stimulus and the broader recovery of the service sector.</p><p>Ray Farris, Chief Investment Officer of Credit Suisse South Asia, said that economic expansion could lead to a significant recovery in global earnings growth, boosting stock markets. He told the media, \"We hope that stocks will become the best-performing asset class in the next six months to a year. As long as earnings continue to rise, history shows that the stock market will continue to climb. There may be adjustments along the way, but adjustments present opportunities.\"</p><p>Regarding the stock market, Credit Suisse stated that it prefers to invest in cyclical sectors such as finance and materials, especially cyclical stocks in Europe. The bank stated that European cyclical stocks, like those in the U.S., are expected to generate substantial profits, but their valuations are at decades-low levels.</p><p><b>Morgan Stanley: Bullish on staples, healthcare, and raw materials stocks</b></p><p>Based on past experience with medium-term transitions, Morgan Stanley believes that US stocks will experience a correction of about 15%. The bank said that after experiencing its most optimistic quarterly earnings revision ever, its consensus forecast for next year is now higher than what its analysts have predicted will be achievable since the start of the recovery. More specifically, given the unfavorable factors of inflation and taxation, the bank believes that profit margin estimates are too high, and the market should begin to take these factors into account by lowering valuations.</p><p>Driven by increased infrastructure spending, the bank downgraded the ratings of relevant companies. In his view, most of the infrastructure spending has been reasonably priced, and such projects usually take longer to produce results. In addition, many industrial enterprises will be most affected by rising inflation and labor shortages in the supply chain. Instead, the bank continues to favor financial and raw materials stocks in order to cope with rising inflation. Compared to technology stocks, healthcare service companies are valued lower and have greater pent-up demand.</p><p>Morgan Stanley remains bullish on staples, healthcare, and raw materials stocks rather than technology, non-staples, and industrial stocks. Morgan Stanley also remains optimistic about bank stocks, believing they are the best way to cope with inflation, and recommends avoiding representative early-cycle sectors such as semiconductors, retailers, and building materials. Finally, when reviewing the entire portfolio, finding a reasonable valuation for the company's value remains an important consideration.</p><p><b>CITIC Securities: Tax increases are the biggest risk for US stocks in the second half of the year.</b></p><p>The G7 finance ministers' meeting on June 5 announced support for the proposal to impose a 15% global minimum tax rate, but we believe that if this proposal cannot be introduced within the framework of the OECD or G20, it is expected to have a limited impact on the tax burden of multinational corporations. However, if Biden's domestic tax increase proposal is implemented, it is expected to be the biggest risk to US stocks in the second half of the year: 1) The increase in corporate income tax will directly impact US stock earnings, while the technology and pharmaceutical industries, which currently have low effective tax rates and a high proportion of overseas revenue, are expected to be the most affected. 2) If the capital gains tax is raised to 39.6%, it is expected to trigger investors to sell off, and the trend of \"retail investors increasing leverage\" entering the market since February this year may be reversed; 3) Since World War II, there has never been a simultaneous increase in personal income tax, corporate income tax, and capital gains tax in the history of the United States. Therefore, if the United States unilaterally raises tax rates, it may lead to a medium- to long-term outflow of domestic capital.</p><p>With vaccination rates continuing to rise, the global economy is expected to maintain a restart trend in the second half of this year. The price pressures caused by the short-term \"normalization of demand\" versus \"supply bottleneck\" will gradually subside. For the United States, although the Federal Reserve is likely to maintain an ultra-loose monetary policy in the second half of the year, given that the current high valuation of the S&P 500 has already exhausted the unexpected positive fundamentals, the release of the Taper signal, coupled with Biden's tax increases, if implemented in August and September respectively, may mean that the US stock market, which has been boosted by \"retail investor leverage\" since February this year, will face a concentrated outbreak of risks in the third quarter.</p><p><b>Huifeng International Development: The benchmark index is expected to reach 4,200 to 4,300 points by the end of the year.</b></p><p>Zhang Yufeng, director of Huifeng International Development, said that he is optimistic about the performance of US stocks in the second half of the year due to positive factors such as vaccination and economic restart, and expects the S&P 500 to reach 4,200 to 4,300 points by the end of the year. Although US inflation expectations have recently risen, coupled with the Federal Reserve's recent hawkish stance, he believes that unless you are a short-term investor, you should not take these factors too seriously. Everyone is sensitive to news about rate hike and inflation, but the Federal Reserve's comments can change at any time. The most important thing when buying US stocks is to pay attention to the company's future development.</p><p>Against the backdrop of economic recovery, we are optimistic about financial stocks and the healthcare sector. With the current increase in funds in the market, the active performance of US financial activities such as SPECs and IPOs since May, coupled with the rise of the financial industry combined with the concept of artificial intelligence technology, will greatly accelerate the development of the industry.</p><p>The US stock market experienced sector rotation in the first half of the year, with many technology stocks seeing valuation discounts. However, we remain optimistic about technology stocks in the long term, and the entire sector was not dragged down. Some large technology stocks, such as Google A and Amazon, performed well, while small and medium-sized technology stocks were mainly affected. Looking ahead to the listing of several technology stocks in the second half of the year, it is expected to boost the atmosphere in the technology sector, thereby improving the performance of this sector.</p><p><b>Industrial Securities: US stocks are not in a bear market, but their vulnerability and volatility have increased, and growth stocks are expected to outperform.</b></p><p>The research report points out that the US economy may enter a \"stagflation-like\" phase in the second half of the year, with the economy weakening and inflation fluctuating at high levels. The probability of a bear market in the US stock market in the second half of the year is low, but the probability of continuing the rally through fluctuations is high. The liquidity environment in Europe and the United States remains loose, economic growth has slowed but remains resilient, and the impact of Taper and tax increases is still in the expected stage.</p><p>Growth stocks with fundamental support in the US stock market are expected to outperform again. The valuations of leading growth stocks in the US stock market, represented by FAANGs, are not high, which is expected to stabilize market sentiment. Secondly, US Treasury yields will maintain a range of fluctuations in the second half of the year, unlike the rapid increase in the first half of the year. Therefore, the release of valuation risks for growth stocks has come to an end. In addition, performance growth in the second half of the year will shift towards organic growth. The cyclical value style of US stocks has outperformed significantly over the past six months, benefiting from the cyclical recovery. In the second half of the year, it will come under pressure as the momentum of the US inventory cycle weakens. Growth stocks will diverge, and growth stocks with long-term endogenous growth momentum will begin a new upward trend. However, thematic growth stocks or overvalued sectors that have overdrawn high growth expectations will still be abandoned.</p><p><b>Hong Kong stock market outlook for the second half of the year</b></p><p>Hong Kong stocks rose first and then fell last week, especially technology stocks, which saw a slight rebound. So far this year, Hong Kong stocks have experienced a rollercoaster ride, lagging behind other major stock indices overall. The Hang Seng Index has risen 7.48%, the China National Index has risen 1.17%, and the Red Chip Index has risen 7.35%.</p><p><b>CICC: Market index performance remains relatively flat, reviving the new economy.</b></p><p>Looking ahead to the second half of the year, we believe that although the performance of the Hong Kong stock market index may remain relatively lackluster, its structural attractiveness has already been established, with a focus on sectors related to the \"new economy\". Overall, we expect the Hang Seng China Enterprises Index and the MSCI China Index to climb to 11,900 points and 114 points respectively, implying an upside potential of approximately 10% and 4% from the current level. The main drivers are earnings revisions of 8% and 9% respectively, while valuation changes expand by 4% and contract by 2% respectively. The net profit growth rate of overseas Chinese stocks is expected to reach 24.4% in 2021, with the non-financial and financial sectors seeing net profit growth of 35.2% and 16.3% respectively.</p><p>We expect that domestic monetary policy will remain basically stable, given that economic growth remains robust and structural issues such as high leverage remain a policy focus. If growth faces greater pressure in the future and external uncertainties increase or decrease as the Federal Reserve begins tapering, it cannot be ruled out that certain domestic policies will serve as a hedge. We believe that overall liquidity will remain relatively friendly until the Federal Reserve tapers its QE. In addition, from a medium- to long-term perspective, the growing new economic landscape of the Hong Kong market will continue to enhance its long-term attractiveness to domestic and foreign capital.</p><p>Specifically, we recommend overweighting information technology, consumer goods, healthcare, some manufacturing sectors, energy, and diversified finance, but we recommend standard or underweighting real estate, insurance, and utilities. In addition to macro-based allocation strategies, we also offer two sector allocation strategies: high quality (ROE vs. PEG) and high prosperity (capital expenditure). In the medium term, we believe that China's early recovery from the impact of the pandemic and return to normalcy will drive the market to refocus on the opportunities brought about by China's original inherent long-term structural trends (such as consumption and industrial upgrading), such as electric vehicles, new energy (including solar energy), technology hardware, semiconductors, consumer goods, and pharmaceuticals and biotechnology.</p><p><b>CCB International: Hong Kong stocks are expected to follow an M-shaped trend in the second half of the year, reaching a high of 29,500 points. Domestic demand stocks are worth focusing on.</b></p><p>Zhao Wenli, Managing Director and Deputy Head of Research at CCB International Securities Research Department, pointed out that Hong Kong stocks are expected to generally maintain range fluctuations in the second half of the year and roughly show an M-shaped trend. The Hang Seng Index will fluctuate between 26,500 and 29,500 points, while the State-owned Enterprises Volatility Index will range between 9,500 and 11,500 points. The third quarter of 2021 will be an important testing window for market expectations. Meanwhile, important variables such as the pandemic, bond yields, and the US dollar are facing directional choices, and the third quarter may also form a new inflection point for style shift.</p><p>The Hong Kong market is likely to see a new style shift in the second half of this year, with growth stocks expected to outperform value stocks. Because China emerged from the pandemic earlier than Europe and the United States, value stocks reacted earlier. At the same time, the slowdown in economic growth may also limit the upside potential of value stocks. In comparison, some leading growth stocks have high visibility for medium- to long-term growth and offer higher cost-effectiveness than value stocks in the short term.</p><p>By industry, the main sectors with rising profits were concentrated in biotechnology, film and entertainment, and cyclical goods. The main industries forecast for the downward revision include medical aesthetics, software, hospitality and travel, and real estate-related sectors. We recommend focusing on domestic demand stocks with high visibility and policy support, such as consumer goods, biopharmaceuticals, hardware technology, and automobiles. At the same time, buy high-quality leading new economy growth stocks on dips and gradually reduce holdings in pro-cyclical value stocks.</p><p><b>GF Securities: Hong Kong-listed technology stocks are severely undervalued globally.</b></p><p>GF Hong Kong Strategy Research points out that since mid-February this year, the performance of large tech stocks in the Hong Kong stock market has been under significant pressure, mainly constrained by three major factors: the gradual tightening of platform economy regulations, the decline of the global \"stay-at-home economy\" dividend, and the rise in US Treasury yields. However, from the perspective of mid-2021, the negative impact of the three major unfavorable factors mentioned above is marginally diminishing, and the long-term investment value of large Hong Kong tech stocks is gradually emerging.</p><p>The valuations of large tech stocks have generally fallen below their historical averages, regaining good investment value and a relatively sufficient margin of safety. The Hang Seng Index expects PEG valuations to be significantly undervalued compared to the Nasdaq and ChiNext indices. The narrowing of the \"valuation gap\" across markets in the future is also expected to become a supporting driving force for the strengthening of Hong Kong-listed tech giants. In addition, the anti-monopoly policy is \"scraping and curing\" the poison, the short-term negative impact is controllable, and in the long run it will help enhance the vitality of the industry. With the implementation of the penalties against Alibaba, policy uncertainty has also decreased. Despite the gradual decline of the global stay-at-home economy, the performance of large Hong Kong-listed technology companies remains resilient.</p><p>In the first quarter of this year, the performance of Hong Kong-listed tech giants was basically within market expectations, and some even exceeded them. Although the benefits of the pandemic are gradually fading, the benefits of economic transformation are still being released. Leading companies in the technology industry will significantly benefit from their stable and efficient business models and sound corporate governance.</p><p><b>Nomura: We recommend choosing financial and cyclical stocks as inflation hedges.</b></p><p>Nomura released a research report describing the Asia-Pacific stock market as being at a crossroads in the second half of the year, expecting it to benefit from strong corporate earnings prospects. Its targets for the MSCI Asia Index (excluding Japan) for 2021 and 2022 are 900 points and 974 points, respectively. Although talk of excessive inflation and policy normalization has increased, there is a risk of a short-term correction, Nomura maintains a positive attitude towards Asian stock markets in the medium term. Nomura gave the Hong Kong stock market a \"sell\" rating and predicted a P/E of 19.2 times in 2021. The bank recommends that investors balance their portfolios, using thematic and attractively valued stocks such as financial and cyclical stocks as inflation hedges.</p><p>The ten Hong Kong stocks recommended by Nomura include Tencent Holdings, Alibaba, BYD, China Merchants Bank, Anta Sports, Haidilao, Seazen Development Holdings, China Taiping, Weigao Shares, and CK Hutchison Holdings.</p><p><b>Everbright Sun Hung Kai Securities: The outlook for Hong Kong stocks in the second half of the year is cautiously optimistic; the Hang Seng Index may reach a high of 31,000 points.</b></p><p>Everbright Sun Hung Kai Securities released its second-half outlook report. Strategist Wu Lixian said he is cautiously optimistic about the performance of Hong Kong stocks in the second half of the year, with a high of 31,000 points and a low of 26,000 points. He also stated that he has a relatively positive view on tech stocks in the second half of the year, as the stock prices of related industries lagged behind in the first half of the year and their performance fundamentals were good. They are expected to catch up in the second half of this year, and the Hang Seng Tech Index is expected to reach a high of around 9,000 points in the second half of this year, while the support level is around 7,400 points. The bank also predicts that the target for the state-owned enterprise index in the second half of the year is 11,800 points.</p><p>Wu Lixian also pointed out that Hong Kong stocks are expected to continue the main theme of valuation recovery in the first half of the year in the second half, with both new and old economy stocks having different performance opportunities, while the upward trend of cyclical stocks may be slowing down. Among them, four sectors are worth looking forward to, including the new economy, oil and energy, home appliance consumption and communication services.</p><p><b>Credit Suisse: Hang Seng Index expected to rise in the second half of the year, with a year-end target of 30,000 points.</b></p><p>Shao Zhiming, Chief Investment Officer of Credit Suisse Greater China, said that he expects Hong Kong stocks to rise in the second half of the year, with the Hang Seng Index targeting 30,000 points by the end of this year. However, Hong Kong stocks are still constrained in the short term by the mainland's tightening of monetary policy. He estimates that the tight monetary policy in mainland China may improve as early as the end of the third or fourth quarter, prompting a rebound in capital inflows into Hong Kong stocks and boosting market sentiment.</p><p>Shao Zhiming pointed out that factors positive for Hong Kong stocks also include an optimistic global economic growth outlook and the potential for RMB appreciation to support Chinese stocks. We are currently optimistic about sustainable sectors in mainland China, such as solar energy, wind energy, and electric vehicles, while maintaining a neutral view on Chinese technology stocks.</p><p>Some large tech companies have indicated that they will allocate short-term profits for medium- to long-term investment, and it is expected that the earnings performance of tech stocks in the next two quarters will be unlikely to surprise the market. Moreover, value stocks remain attractive in valuation, and investors continue to increase their holdings of value stocks. Hedging the proportion of technology stocks in the portfolio will limit the performance of technology stocks.</p><p><b>Hang Seng Asset Management: Growth stocks may outperform value stocks in the second half of the year.</b></p><p>Xue Yonghui, Director and Chief Investment Officer of Hang Seng Investment Management, said that global regulation of technology companies has been strengthened, but the market has largely digested the news and companies are adapting to the new environment. On the other hand, growth stocks began to adjust in February, and now some technology stocks have returned to more attractive levels. There is an opportunity to wait for low prices to buy, and it is believed that growth stocks will outperform value stocks in the second half of the year.</p><p>We are optimistic about sectors such as domestic demand, internet companies (e-commerce, lifestyle platforms), population aging and pharmaceutical innovation, environmental protection (new energy, electric vehicles, electric vehicle batteries), and real estate (property management, online real estate platforms), but bearish on sectors such as energy and telecommunications.</p>","source":"lsy1606393433888","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>US stocks not bearish VS. 15% pullback! Major banks predict US and Hong Kong stocks in the second half of the year.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS stocks not bearish VS. 15% pullback! Major banks predict US and Hong Kong stocks in the second half of the year.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">美港电讯APP</strong><span class=\"h-time small\">2021-06-28 19:49</span>\n</p>\n</h4>\n</header>\n<article>\n<p>US stocks have seen significant gains so far this year, with the market focusing on the Federal Reserve's inflation and rate hike statements. Hong Kong stocks have experienced a \"rollercoaster\" trend so far this year, and major banks have different expectations for their performance in the second half of the year. What should we pay attention to?<img src=\"https://static.tigerbbs.com/347e042b7f2477eb321a5543ae792f38\" tg-width=\"735\" tg-height=\"656\"><b>US stock market outlook for the second half of the year</b></p><p>U.S. stocks rebounded sharply last week, with both the Nasdaq and S&P 500 indices hitting record highs. Benefiting from the economic recovery, U.S. stocks have achieved significant gains so far in 2021, with the Dow Jones Industrial Average up 12.51%, the Nasdaq Composite up 11.42%, and the S&P 500 up 13.97%. The market is focused on the Federal Reserve's statements on inflation and rate hike. Major banks have differing expectations for the second half of the year. Which sectors are worth paying attention to?</p><p><b>Credit Suisse: The stock market will outperform other assets.</b></p><p>Credit Suisse expects global economic growth to accelerate in the coming months as countries gradually reopen their economies. In this process, the stock market will outperform other assets. In its second-half outlook strategy report, Credit Suisse wrote that it expects the global economy to grow by 5.9% year-on-year in 2021 and reach 4% in 2022. The growth is mainly driven by the advancement of vaccination progress, fiscal stimulus and the broader recovery of the service sector.</p><p>Ray Farris, Chief Investment Officer of Credit Suisse South Asia, said that economic expansion could lead to a significant recovery in global earnings growth, boosting stock markets. He told the media, \"We hope that stocks will become the best-performing asset class in the next six months to a year. As long as earnings continue to rise, history shows that the stock market will continue to climb. There may be adjustments along the way, but adjustments present opportunities.\"</p><p>Regarding the stock market, Credit Suisse stated that it prefers to invest in cyclical sectors such as finance and materials, especially cyclical stocks in Europe. The bank stated that European cyclical stocks, like those in the U.S., are expected to generate substantial profits, but their valuations are at decades-low levels.</p><p><b>Morgan Stanley: Bullish on staples, healthcare, and raw materials stocks</b></p><p>Based on past experience with medium-term transitions, Morgan Stanley believes that US stocks will experience a correction of about 15%. The bank said that after experiencing its most optimistic quarterly earnings revision ever, its consensus forecast for next year is now higher than what its analysts have predicted will be achievable since the start of the recovery. More specifically, given the unfavorable factors of inflation and taxation, the bank believes that profit margin estimates are too high, and the market should begin to take these factors into account by lowering valuations.</p><p>Driven by increased infrastructure spending, the bank downgraded the ratings of relevant companies. In his view, most of the infrastructure spending has been reasonably priced, and such projects usually take longer to produce results. In addition, many industrial enterprises will be most affected by rising inflation and labor shortages in the supply chain. Instead, the bank continues to favor financial and raw materials stocks in order to cope with rising inflation. Compared to technology stocks, healthcare service companies are valued lower and have greater pent-up demand.</p><p>Morgan Stanley remains bullish on staples, healthcare, and raw materials stocks rather than technology, non-staples, and industrial stocks. Morgan Stanley also remains optimistic about bank stocks, believing they are the best way to cope with inflation, and recommends avoiding representative early-cycle sectors such as semiconductors, retailers, and building materials. Finally, when reviewing the entire portfolio, finding a reasonable valuation for the company's value remains an important consideration.</p><p><b>CITIC Securities: Tax increases are the biggest risk for US stocks in the second half of the year.</b></p><p>The G7 finance ministers' meeting on June 5 announced support for the proposal to impose a 15% global minimum tax rate, but we believe that if this proposal cannot be introduced within the framework of the OECD or G20, it is expected to have a limited impact on the tax burden of multinational corporations. However, if Biden's domestic tax increase proposal is implemented, it is expected to be the biggest risk to US stocks in the second half of the year: 1) The increase in corporate income tax will directly impact US stock earnings, while the technology and pharmaceutical industries, which currently have low effective tax rates and a high proportion of overseas revenue, are expected to be the most affected. 2) If the capital gains tax is raised to 39.6%, it is expected to trigger investors to sell off, and the trend of \"retail investors increasing leverage\" entering the market since February this year may be reversed; 3) Since World War II, there has never been a simultaneous increase in personal income tax, corporate income tax, and capital gains tax in the history of the United States. Therefore, if the United States unilaterally raises tax rates, it may lead to a medium- to long-term outflow of domestic capital.</p><p>With vaccination rates continuing to rise, the global economy is expected to maintain a restart trend in the second half of this year. The price pressures caused by the short-term \"normalization of demand\" versus \"supply bottleneck\" will gradually subside. For the United States, although the Federal Reserve is likely to maintain an ultra-loose monetary policy in the second half of the year, given that the current high valuation of the S&P 500 has already exhausted the unexpected positive fundamentals, the release of the Taper signal, coupled with Biden's tax increases, if implemented in August and September respectively, may mean that the US stock market, which has been boosted by \"retail investor leverage\" since February this year, will face a concentrated outbreak of risks in the third quarter.</p><p><b>Huifeng International Development: The benchmark index is expected to reach 4,200 to 4,300 points by the end of the year.</b></p><p>Zhang Yufeng, director of Huifeng International Development, said that he is optimistic about the performance of US stocks in the second half of the year due to positive factors such as vaccination and economic restart, and expects the S&P 500 to reach 4,200 to 4,300 points by the end of the year. Although US inflation expectations have recently risen, coupled with the Federal Reserve's recent hawkish stance, he believes that unless you are a short-term investor, you should not take these factors too seriously. Everyone is sensitive to news about rate hike and inflation, but the Federal Reserve's comments can change at any time. The most important thing when buying US stocks is to pay attention to the company's future development.</p><p>Against the backdrop of economic recovery, we are optimistic about financial stocks and the healthcare sector. With the current increase in funds in the market, the active performance of US financial activities such as SPECs and IPOs since May, coupled with the rise of the financial industry combined with the concept of artificial intelligence technology, will greatly accelerate the development of the industry.</p><p>The US stock market experienced sector rotation in the first half of the year, with many technology stocks seeing valuation discounts. However, we remain optimistic about technology stocks in the long term, and the entire sector was not dragged down. Some large technology stocks, such as Google A and Amazon, performed well, while small and medium-sized technology stocks were mainly affected. Looking ahead to the listing of several technology stocks in the second half of the year, it is expected to boost the atmosphere in the technology sector, thereby improving the performance of this sector.</p><p><b>Industrial Securities: US stocks are not in a bear market, but their vulnerability and volatility have increased, and growth stocks are expected to outperform.</b></p><p>The research report points out that the US economy may enter a \"stagflation-like\" phase in the second half of the year, with the economy weakening and inflation fluctuating at high levels. The probability of a bear market in the US stock market in the second half of the year is low, but the probability of continuing the rally through fluctuations is high. The liquidity environment in Europe and the United States remains loose, economic growth has slowed but remains resilient, and the impact of Taper and tax increases is still in the expected stage.</p><p>Growth stocks with fundamental support in the US stock market are expected to outperform again. The valuations of leading growth stocks in the US stock market, represented by FAANGs, are not high, which is expected to stabilize market sentiment. Secondly, US Treasury yields will maintain a range of fluctuations in the second half of the year, unlike the rapid increase in the first half of the year. Therefore, the release of valuation risks for growth stocks has come to an end. In addition, performance growth in the second half of the year will shift towards organic growth. The cyclical value style of US stocks has outperformed significantly over the past six months, benefiting from the cyclical recovery. In the second half of the year, it will come under pressure as the momentum of the US inventory cycle weakens. Growth stocks will diverge, and growth stocks with long-term endogenous growth momentum will begin a new upward trend. However, thematic growth stocks or overvalued sectors that have overdrawn high growth expectations will still be abandoned.</p><p><b>Hong Kong stock market outlook for the second half of the year</b></p><p>Hong Kong stocks rose first and then fell last week, especially technology stocks, which saw a slight rebound. So far this year, Hong Kong stocks have experienced a rollercoaster ride, lagging behind other major stock indices overall. The Hang Seng Index has risen 7.48%, the China National Index has risen 1.17%, and the Red Chip Index has risen 7.35%.</p><p><b>CICC: Market index performance remains relatively flat, reviving the new economy.</b></p><p>Looking ahead to the second half of the year, we believe that although the performance of the Hong Kong stock market index may remain relatively lackluster, its structural attractiveness has already been established, with a focus on sectors related to the \"new economy\". Overall, we expect the Hang Seng China Enterprises Index and the MSCI China Index to climb to 11,900 points and 114 points respectively, implying an upside potential of approximately 10% and 4% from the current level. The main drivers are earnings revisions of 8% and 9% respectively, while valuation changes expand by 4% and contract by 2% respectively. The net profit growth rate of overseas Chinese stocks is expected to reach 24.4% in 2021, with the non-financial and financial sectors seeing net profit growth of 35.2% and 16.3% respectively.</p><p>We expect that domestic monetary policy will remain basically stable, given that economic growth remains robust and structural issues such as high leverage remain a policy focus. If growth faces greater pressure in the future and external uncertainties increase or decrease as the Federal Reserve begins tapering, it cannot be ruled out that certain domestic policies will serve as a hedge. We believe that overall liquidity will remain relatively friendly until the Federal Reserve tapers its QE. In addition, from a medium- to long-term perspective, the growing new economic landscape of the Hong Kong market will continue to enhance its long-term attractiveness to domestic and foreign capital.</p><p>Specifically, we recommend overweighting information technology, consumer goods, healthcare, some manufacturing sectors, energy, and diversified finance, but we recommend standard or underweighting real estate, insurance, and utilities. In addition to macro-based allocation strategies, we also offer two sector allocation strategies: high quality (ROE vs. PEG) and high prosperity (capital expenditure). In the medium term, we believe that China's early recovery from the impact of the pandemic and return to normalcy will drive the market to refocus on the opportunities brought about by China's original inherent long-term structural trends (such as consumption and industrial upgrading), such as electric vehicles, new energy (including solar energy), technology hardware, semiconductors, consumer goods, and pharmaceuticals and biotechnology.</p><p><b>CCB International: Hong Kong stocks are expected to follow an M-shaped trend in the second half of the year, reaching a high of 29,500 points. Domestic demand stocks are worth focusing on.</b></p><p>Zhao Wenli, Managing Director and Deputy Head of Research at CCB International Securities Research Department, pointed out that Hong Kong stocks are expected to generally maintain range fluctuations in the second half of the year and roughly show an M-shaped trend. The Hang Seng Index will fluctuate between 26,500 and 29,500 points, while the State-owned Enterprises Volatility Index will range between 9,500 and 11,500 points. The third quarter of 2021 will be an important testing window for market expectations. Meanwhile, important variables such as the pandemic, bond yields, and the US dollar are facing directional choices, and the third quarter may also form a new inflection point for style shift.</p><p>The Hong Kong market is likely to see a new style shift in the second half of this year, with growth stocks expected to outperform value stocks. Because China emerged from the pandemic earlier than Europe and the United States, value stocks reacted earlier. At the same time, the slowdown in economic growth may also limit the upside potential of value stocks. In comparison, some leading growth stocks have high visibility for medium- to long-term growth and offer higher cost-effectiveness than value stocks in the short term.</p><p>By industry, the main sectors with rising profits were concentrated in biotechnology, film and entertainment, and cyclical goods. The main industries forecast for the downward revision include medical aesthetics, software, hospitality and travel, and real estate-related sectors. We recommend focusing on domestic demand stocks with high visibility and policy support, such as consumer goods, biopharmaceuticals, hardware technology, and automobiles. At the same time, buy high-quality leading new economy growth stocks on dips and gradually reduce holdings in pro-cyclical value stocks.</p><p><b>GF Securities: Hong Kong-listed technology stocks are severely undervalued globally.</b></p><p>GF Hong Kong Strategy Research points out that since mid-February this year, the performance of large tech stocks in the Hong Kong stock market has been under significant pressure, mainly constrained by three major factors: the gradual tightening of platform economy regulations, the decline of the global \"stay-at-home economy\" dividend, and the rise in US Treasury yields. However, from the perspective of mid-2021, the negative impact of the three major unfavorable factors mentioned above is marginally diminishing, and the long-term investment value of large Hong Kong tech stocks is gradually emerging.</p><p>The valuations of large tech stocks have generally fallen below their historical averages, regaining good investment value and a relatively sufficient margin of safety. The Hang Seng Index expects PEG valuations to be significantly undervalued compared to the Nasdaq and ChiNext indices. The narrowing of the \"valuation gap\" across markets in the future is also expected to become a supporting driving force for the strengthening of Hong Kong-listed tech giants. In addition, the anti-monopoly policy is \"scraping and curing\" the poison, the short-term negative impact is controllable, and in the long run it will help enhance the vitality of the industry. With the implementation of the penalties against Alibaba, policy uncertainty has also decreased. Despite the gradual decline of the global stay-at-home economy, the performance of large Hong Kong-listed technology companies remains resilient.</p><p>In the first quarter of this year, the performance of Hong Kong-listed tech giants was basically within market expectations, and some even exceeded them. Although the benefits of the pandemic are gradually fading, the benefits of economic transformation are still being released. Leading companies in the technology industry will significantly benefit from their stable and efficient business models and sound corporate governance.</p><p><b>Nomura: We recommend choosing financial and cyclical stocks as inflation hedges.</b></p><p>Nomura released a research report describing the Asia-Pacific stock market as being at a crossroads in the second half of the year, expecting it to benefit from strong corporate earnings prospects. Its targets for the MSCI Asia Index (excluding Japan) for 2021 and 2022 are 900 points and 974 points, respectively. Although talk of excessive inflation and policy normalization has increased, there is a risk of a short-term correction, Nomura maintains a positive attitude towards Asian stock markets in the medium term. Nomura gave the Hong Kong stock market a \"sell\" rating and predicted a P/E of 19.2 times in 2021. The bank recommends that investors balance their portfolios, using thematic and attractively valued stocks such as financial and cyclical stocks as inflation hedges.</p><p>The ten Hong Kong stocks recommended by Nomura include Tencent Holdings, Alibaba, BYD, China Merchants Bank, Anta Sports, Haidilao, Seazen Development Holdings, China Taiping, Weigao Shares, and CK Hutchison Holdings.</p><p><b>Everbright Sun Hung Kai Securities: The outlook for Hong Kong stocks in the second half of the year is cautiously optimistic; the Hang Seng Index may reach a high of 31,000 points.</b></p><p>Everbright Sun Hung Kai Securities released its second-half outlook report. Strategist Wu Lixian said he is cautiously optimistic about the performance of Hong Kong stocks in the second half of the year, with a high of 31,000 points and a low of 26,000 points. He also stated that he has a relatively positive view on tech stocks in the second half of the year, as the stock prices of related industries lagged behind in the first half of the year and their performance fundamentals were good. They are expected to catch up in the second half of this year, and the Hang Seng Tech Index is expected to reach a high of around 9,000 points in the second half of this year, while the support level is around 7,400 points. The bank also predicts that the target for the state-owned enterprise index in the second half of the year is 11,800 points.</p><p>Wu Lixian also pointed out that Hong Kong stocks are expected to continue the main theme of valuation recovery in the first half of the year in the second half, with both new and old economy stocks having different performance opportunities, while the upward trend of cyclical stocks may be slowing down. Among them, four sectors are worth looking forward to, including the new economy, oil and energy, home appliance consumption and communication services.</p><p><b>Credit Suisse: Hang Seng Index expected to rise in the second half of the year, with a year-end target of 30,000 points.</b></p><p>Shao Zhiming, Chief Investment Officer of Credit Suisse Greater China, said that he expects Hong Kong stocks to rise in the second half of the year, with the Hang Seng Index targeting 30,000 points by the end of this year. However, Hong Kong stocks are still constrained in the short term by the mainland's tightening of monetary policy. He estimates that the tight monetary policy in mainland China may improve as early as the end of the third or fourth quarter, prompting a rebound in capital inflows into Hong Kong stocks and boosting market sentiment.</p><p>Shao Zhiming pointed out that factors positive for Hong Kong stocks also include an optimistic global economic growth outlook and the potential for RMB appreciation to support Chinese stocks. We are currently optimistic about sustainable sectors in mainland China, such as solar energy, wind energy, and electric vehicles, while maintaining a neutral view on Chinese technology stocks.</p><p>Some large tech companies have indicated that they will allocate short-term profits for medium- to long-term investment, and it is expected that the earnings performance of tech stocks in the next two quarters will be unlikely to surprise the market. Moreover, value stocks remain attractive in valuation, and investors continue to increase their holdings of value stocks. Hedging the proportion of technology stocks in the portfolio will limit the performance of technology stocks.</p><p><b>Hang Seng Asset Management: Growth stocks may outperform value stocks in the second half of the year.</b></p><p>Xue Yonghui, Director and Chief Investment Officer of Hang Seng Investment Management, said that global regulation of technology companies has been strengthened, but the market has largely digested the news and companies are adapting to the new environment. On the other hand, growth stocks began to adjust in February, and now some technology stocks have returned to more attractive levels. There is an opportunity to wait for low prices to buy, and it is believed that growth stocks will outperform value stocks in the second half of the year.</p><p>We are optimistic about sectors such as domestic demand, internet companies (e-commerce, lifestyle platforms), population aging and pharmaceutical innovation, environmental protection (new energy, electric vehicles, electric vehicle batteries), and real estate (property management, online real estate platforms), but bearish on sectors such as energy and telecommunications.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://news.ushknews.com/mobile/details.html?id=1003334&type=news\">美港电讯APP</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ad2dd670f9557c66480c84fc5e4bd415","relate_stocks":{"HSI":"恒生指数",".DJI":"道琼斯"},"source_url":"https://news.ushknews.com/mobile/details.html?id=1003334&type=news","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180159838","content_text":"美股今年迄今取得较大涨幅，市场关注美联储通胀及加息表态，港股今年迄今经历“过山车式”走势，大行对于下半年表现预期不一，有哪些需要关注的？美股下半年展望\n上周美股大幅反弹，纳指及标普500指数指数均刷新历史高位。受益于经济复苏，美股2021年迄今取得了较大的涨幅，道指累涨12.51%，纳指累涨11.42%，标普500指数累涨13.97%。市场关注美联储关于通胀及加息的表态，大行对于下半年走势预期不一，哪些板块值得关注？\n瑞信：股市表现将优于其他资产\n瑞士信贷预计，随着各国逐步重新开放经济，全球经济增长将在未来几个月加快。在这个过程中，股市表现将优于其他资产。瑞信在下半年展望策略报告中写到，预计全球经济在2021年的同比增长5.9%，2022年全球经济增速达到4%。增长的动力主要来自于疫苗接种的进程推进，财政刺激和更广泛的服务业复苏。\n瑞信南亚首席投资官Ray Farris表示，经济扩张可能会导致全球盈利增长大幅复苏，提振股市。他对媒体表示：“我们希望股票成为未来六个月至一年内表现优异的资产类别。只要盈利继续保持上升趋势，历史表明，股市将一路攀升。也许在这个过程中会不断出现调整，但调整即机会。”\n在股市方面，瑞信表示，更倾向于投资金融和材料等周期性行业，特别是欧洲地区的周期股。该行称，欧洲周期股预计和美股中的周期股一样，将获得丰厚的利润，但是估值处于数十年中的较低水平。\n大摩：看好必需品、医疗保健和原料股\n从以往中周期过渡的经验来看，大摩认为美股将发生15%左右的回调。该行表示，在经历了有史以来最乐观的季度收益修正后，明年的普遍预估现在高于其分析师所预测的复苏开始以来的可实现水平。更具体地说，考虑到通胀和税收的不利因素，该行认为利润率预估过高，市场应该开始通过降低估值来考虑这些因素。\n在加大基础设施支出的推动下，该行下调了相关企业的评级。在其看来，基础设施支出中的大部分已被合理定价，而且此类项目通常需要更长的时间才能产生效果。此外，许多工业企业将受到供应链中不断加剧的通胀和劳动力短缺的最大影响。相反，该行继续青睐金融类股和原料类股，以此来应对不断上升的通胀。与科技股相比，医疗保健服务企业的估值更低，且被压抑的需求更大。\n大摩看好的仍是必需品、医疗保健和原料股而非科技股、非必需品和工业股。大摩也继续看好银行股，认为它们是应对通胀的最佳途径，并建议避开半导体、零售商、建筑建材等为早周期的代表性行业。最后，回顾整个投资组合，为公司价值寻找合理的估值仍是重要考虑因素。\n中信证券：加税是美股下半年最大的风险\n6月5日的G7财长会议通告支持征收15%全球最低税率的提议，但我们判断，此提议若无法在OECD或G20的框架下推出，预计对跨国企业税负的影响有限。但拜登国内加税提案如落地，预计将是美股下半年最大的风险：1)企业所得税的上调将直接冲击美股盈利，而当前有效税率较低、海外收入占比高的科技和医药行业受冲击预计最大；2)资本利得税若上调至39.6%，料将引发投资者抛售，今年2月以来“散户加杠杆”入市的趋势或逆转；3)二战以来，美国历史上从未出现过个人所得税、企业所得税以及资本利得税共同上调的现象。因此，美国单边上调税率的行为如果落地，或导致中长期国内资金流出。\n在疫苗接种率持续提升的背景下，今年下半年全球经济预计维持重启态势。短期“需求正常化”vs“供给瓶颈”所导致的价格压力也将逐步消退。对于美国，虽然下半年美联储大概率维持超宽松的货币政策，但鉴于当前标普500的高位估值已透支了基本面超预期的利好，Taper信号的释放迭加拜登的加税如若分别在8月和9月落地，或意味着今年2月以来“散户加杠杆”助推的美股在3季度会面临风险集中爆发。\n惠峰国际发展：料标指年底见4,200点至4,300点\n惠峰国际发展董事张玉峰表示，由于疫苗接种及经济重启等利好因素，看好美股下半年的表现，料标指年底见4,200点至4,300点。虽然最近美国通胀预期升温，加上美联储近期放鹰，但他认为若不是短线投资者，就不需要将这些因素看得太重。大家都会对加息及通胀消息感到敏感，但美联储的言论其实随时都会变，买美股最重要是留意公司的未来发展。\n在经济复甦的背景下，看好金融股及健康护理板块。由于现时市场上的资金增加，留意到自5月起美国金融活动例如SPEC及IPO表现活跃，加上现时金融业兴起结合人工智能技术的概念，将大大加快行业的发展。\n美股市场上半年出现板块轮替的现象，很多科技股的估值都出现折让，但长期仍看好科技股，而且并不是整个板块都受到拖累，一些大型的科技股，例如谷歌A、亚马逊等表现并不差，受影响的主要是中小型科技股。展望下半年将会有多家科技股上市，有望带动科技板块的气氛，从而令此板块的表现改善。\n兴业证券：美股不是熊市，但脆弱性波动性加大，成长有望跑赢\n研报指出，下半年美国经济或步入“类滞胀”，经济走弱、通胀高位震荡。美股下半年熊市概率小，通过震荡来延续行情的概率大。欧美流动性环境依然宽松，经济增速放缓但仍有韧性，Taper和加税的影响仍在预期阶段。\n美股市场有基本面支撑的成长股将有望再次跑赢。以FAANGs为代表的美股成长龙头的估值并不高，有望稳住人气。其次，下半年美债收益率将维持区间震荡，不同于上半年的快速提升，所以，成长股的估值风险释放告一段落。另外，下半年业绩增长转向内生驱动。美股周期价值风格过去大半年受益于周期复苏而明显跑赢，下半年将随着美国库存周期动能趋弱而承压。成长股将分化，具备长期内生增长动能的成长股将开始新的上行。但是，题材性成长股或者透支了高增长预期的高估值板块仍将被抛弃。\n港股下半年展望\n上周的港股经历先升后跌，尤其是科技股迎来小幅反弹。今年迄今，港股经历“过山车式”走势，整体表现落后于其他主要股指，恒指累涨7.48%，国指累涨1.17%，红筹指数累涨7.35%。\n中金：大盘指数表现仍相对平淡重拾新经济\n展望下半年，我们认为虽然港股大盘指数表现可能仍相对平淡，但结构性吸引力已经具备，重点在于“新经济”相关板块。整体来看，我们预计恒生国企和MSCI中国指数有望分别攀升至11900点和114点，较当前隐含大约10%和4%的上涨空间，主要驱动力来自盈利分别上调8%和9%，而估值变化分别扩张4%和收缩2%。预计海外中资股2021年净利润增速有望达到24.4%，其中非金融板块和金融板块净利润将分别增长35.2%和16.3%。\n我们预计，在当前经济增长仍保持稳健且高杠杆等结构性问题仍是政策焦点的背景下，国内货币政策将保持基本稳定。如果后续增长面临更大压力且外部不确定性随着美联储减量开启而增减，不排除国内有一定政策作为对冲。我们认为在美联储QE减量前整体流动性将会维持相对友好状态。另外，从中长期角度，香港市场不断壮大的新经济格局将持续提升其对国内外资金的长期吸引力。\n具体看，我们建议超配信息技术、大消费、医疗保健、部分制造业、能源、多元金融，但建议标配或低配房地产、保险、公用事业等。除了基于宏观配置思路外，我们还提供高质量(ROE vs。 PEG)和高景气度(资本开支)两个行业配置思路。中期看，我们认为中国率先从疫情影响中修复并回归常态化，将推动市场重新关注中国原本的内在长期结构性趋势(如消费和产业升级)带来的机遇，如电动汽车、新能源(包括太阳能)、科技硬件、半导体、大消费和医药生物等。\n建银国际：港股下半年将呈M型走势，最高可见29500点，可重点关注内需股\n建银国际证券研究部董事总经理、研究副主管师赵文利指出，预计港股下半年总体维持区间波动并大致呈现M型走势。恒生指数将在26500点至29500点区间波动，国企波动指数介于9500点至11500点。2021三季度将是市场重要预期的检验窗口。同时，疫情、债息及美元等重要变量面临方向选择，三季度也有可能形成新的风格切换拐点。\n今年下半年香港市场有机会出现新的风格切换，其中成长股有望跑赢价值股。由于中国较欧美早走出疫情，价值股已提前反应。同时经济增速放缓后也可能限制价值股的上升空间。相对而言，一些成长股龙头的中长期成长性能见度高，短周期而言性价比相对价值股较高。\n分行业来看，主要盈利上升板块集中于生物科技、影视娱乐及周期品行业。预测主要下调行业包括医美、软件、酒旅和地产相关的板块。建议重点关注“能见度”高及有政策支持的内需股，如消费、生物医药、硬件科技、汽车等行业。同时逢低吸纳优质新经济成长股龙头，逐步减持顺周期的价值股。\n广发：港股科技严重低估于全球\n广发香港策略研究指出自今年2月中旬以来，港股市场的大型科网股走势显著承压，主要受平台经济监管措施逐步收紧、全球范围内“宅经济”红利减退和美债收益率走高等三大因素所制约。不过，站在2021年年中的时间点上来看，上述的三大不利因素所带来的负面影响正在边际减退，香港大型科网股的长线布局价值逐渐浮现。\n大型科网股估值水平基本都已经回落到历史均值以下，重新具备了良好的投资性价比和较为充足的安全边际。恒生指数预期PEG估值大幅低估与纳指和创业板指数，未来跨市场间“估值差”的收敛也有望成为港股科网巨企走强的支撑动能。加之反垄断政策“刮骨疗毒”，短期负面影响可控，长期有助于增强行业活力。随着阿里处罚的落地，政策面的不确定性也有所下降。尽管全球宅经济逐步退潮，港股大型科网公司的业绩仍具备较强韧性。\n今年一季度，港股科网巨头的业绩基本都处于市场预期内，部分甚至超出预期。虽然疫情的红利逐步消退，但经济转型的红利却仍在持续释放的过程之中，科网行业各龙头企业凭借着稳健高效的商业模式和良好的公司治理将显著受益。\n野村：建议选择金融、周期性股票作为通胀对冲\n野村发表研究报告，形容亚太区股市下半年正处于十字路口，预期股市会受益于强劲的企业盈利前景而上升，对2021及2022年MSCI亚洲指数（日本除外）的目标为900点及974点，虽然通胀过强及政策正常化的说法增强，存在短期回调的风险，但对中期内亚洲股市持积极态度。野村则给予香港股市减持评级，预测2021年市盈率为19.2倍。该行建议投资者平衡投资组合，以主题性及具有吸引估值的股票如金融、周期性股票作为通胀对冲。\n野村推荐的十只港股包括，腾讯控股、阿里巴巴、比亚迪股份、招商银行、安踏体育、海底捞、新城发展控股、中国太平、威高股份及长和。\n光大新鸿基证券：下半年港股走势审慎乐观，恒指高位或见31000点\n光大新鸿基证券发表下半年展望报告，策略师伍礼贤表示，对下半年港股走势审慎乐观，高位或见31000点，低位则或见26000点。他又表示，对下半年科网股看法较为正面，因上半年相关行业的股价表现较落后，其业绩基本面不错，今年下半年有望追落后，料今年下半年恒生科技指数高位有机会出现在9000点附近，而支持位则在7400点。该行亦预测，国企指数的下半年目标为11800点。\n伍礼贤又指出，预期港股下半年将延续上半年估值修复的主基调，新旧经济股份均有不同的表现机会，而周期性股份升势或现放缓，当中值得看好的4大板块，包括新经济、石油能源、家电消费及通讯服务。\n瑞信：恒指下半年看升 年底目标30000点\n瑞信大中华区首席投资总监邵志铭表示，对港股下半年走势看升，恒生指数在今年底目标为30000点，但港股短线仍受制于内地收紧银根的力度。他估计，最快在第三季末至第四季，内地银根偏紧的情况或有改善，促使流入港股的资金回升，带动市场气氛。\n邵志铭指出，利好港股的因素还包括，全球经济增长前景乐观，以及人民币升值潜力会为中资股提供支持。目前看好内地可持续板块，例如太阳能、风能和电动车行业，对中资科技股则维持中性看法。\n部分大型科网公司已表明，短线会拨出盈利用作中长线投资，料科技股在未来两个季度的盈利表现，将难以给予市场惊喜。而且价值型股票估值仍吸引，投资者继续增持价值型股票，平冲投资组合中科技股的比重，都会限制科技股的表现。\n恒生资管：下半年成长股升幅可跑赢价值股\n恒生投资管理董事兼投资总监薛永辉表示，环球加强对科技企业的监管，但市场已大致消化消息，企业亦正适应新环境。另一方面，成长股2月起展开调整，现时开始有科技股回到较为吸引的水平，有机会可候低吸纳，相信下半年成长股升幅可跑赢价值股。\n看好内需、互联网企业（电商、生活平台）、人口老化及医药创新、环保（新能源、电动车、电动车电池）、房地产（物管、房产在线平台）等行业，但看淡能源、电讯等板块。","news_type":1,"symbols_score_info":{"HSI":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2055,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150245969,"gmtCreate":1624918330551,"gmtModify":1703847693595,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/150245969","repostId":"1189694806","repostType":4,"repost":{"id":"1189694806","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624894784,"share":"https://ttm.financial/m/news/1189694806?lang=en_US&edition=fundamental","pubTime":"2021-06-28 23:39","market":"us","language":"zh","title":"[Focus] Emerging electric vehicle manufacturers experience a complete surge, with Nio Motor Company rising 9%.","url":"https://stock-news.laohu8.com/highlight/detail?id=1189694806","media":"老虎资讯综合","summary":"6月28日，中概新能源车股持续走高，蔚来涨9%，理想汽车涨超7%，小鹏汽车涨超6%。","content":"<p>On June 28, Chinese concept stocks in the new energy vehicle market continued to rise.<a href=\"https://laohu8.com/S/NIO\">Nio</a>Up 9%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>It rose more than 7%.<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>It rose more than 6%.</p><p><img src=\"https://static.tigerbbs.com/51155eb57192c0b7db9dad0dfa6326f3\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></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>[Focus] Emerging electric vehicle manufacturers experience a complete surge, with Nio Motor Company rising 9%.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n[Focus] Emerging electric vehicle manufacturers experience a complete surge, with Nio Motor Company rising 9%.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-28 23:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On June 28, Chinese concept stocks in the new energy vehicle market continued to rise.<a href=\"https://laohu8.com/S/NIO\">Nio</a>Up 9%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>It rose more than 7%.<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>It rose more than 6%.</p><p><img src=\"https://static.tigerbbs.com/51155eb57192c0b7db9dad0dfa6326f3\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1f36b37eb8e9efe8641c7be55a7da26d","relate_stocks":{"LI":"理想汽车","NIO":"蔚来"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189694806","content_text":"6月28日，中概新能源车股持续走高，蔚来涨9%，理想汽车涨超7%，小鹏汽车涨超6%。","news_type":1,"symbols_score_info":{"LI":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":2142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121177677,"gmtCreate":1624457727799,"gmtModify":1703837355405,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121177677","repostId":"1102688637","repostType":4,"repost":{"id":"1102688637","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624449865,"share":"https://ttm.financial/m/news/1102688637?lang=en_US&edition=fundamental","pubTime":"2021-06-23 20:04","market":"us","language":"zh","title":"Pre-market: The three major stock index futures rose collectively, and blockchain concepts rebounded.","url":"https://stock-news.laohu8.com/highlight/detail?id=1102688637","media":"老虎资讯综合","summary":"6月23日（周三），美股三大指数期货集体上涨，道指期货涨幅居前。今日，美国将公布6月Markit制造业、服务业和综合PMI，投资者可从中了解美国经济复苏势头状况。另外，联邦公开市场委员会(FOMC)委","content":"<p>On Wednesday, June 23, futures for the three major U.S. stock indexes rose collectively, with Dow Jones Industrial Average futures leading the gains. Today, the U.S. will release its June Markit manufacturing, services, and composite PMIs, allowing investors to understand the momentum of the U.S. economic recovery. In addition, Federal Open Market Committee (FOMC) members Michelle Bowman, Eric Rosengren, and Raphael Bostic will deliver speeches.</p><p><img src=\"https://static.tigerbbs.com/4965e98a5db6465f0465b6b52e84211a\" tg-width=\"703\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><b>Pre-market trend of Chinese concept stocks</b></p><p><a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>It rose 4.4% in pre-market trading. According to Hong Kong Stock Exchange documents, XPeng Automotive has passed the Hong Kong Stock Exchange's listing XPeng Automobile's Hong Kong listing is a \"dual primary listing,\" marking the first time in three years that a major Chinese concept stock has been listed in both Hong Kong and the United States. Unlike other Chinese concept stocks that are \"secondarily listed\" on the Hong Kong Stock Exchange and cannot be accessed through the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, XPeng Automobile's Hong Kong IPO will return to the Hong Kong Stock Exchange through a \"dual main listing\" method, which can meet the access conditions of the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, making it easier for A-share investors to invest through the Hong Kong Stock Connect and activate stock trading.</p><p>At the same time,<a href=\"https://laohu8.com/S/NIO\">Nio</a>、<a href=\"https://laohu8.com/S/LI\">Li Auto</a>It rose more than 2% in pre-market trading.</p><p>\"Truck version of Didi\"<a href=\"https://laohu8.com/S/YMM\">Manbang</a>The group fell more than 4% in pre-market trading. Full Truck Alliance (Manbang) officially listed on the New York Stock Exchange yesterday, closing up 13% on its first day of trading, with its market capitalization exceeding $23 billion.</p><p><a href=\"https://laohu8.com/S/CD\">Qinhuai Data</a>It rose nearly 7% in pre-market trading after announcing a strategic partnership with Tencent.</p><p><a href=\"https://laohu8.com/S/ZKIN\">Zhengkang International Group</a>It rose 6.4% in pre-market trading after announcing plans to expand its business in Europe and North America.</p><p>Blockchain concept stocks rose in pre-market trading.<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>It rose nearly 5%.<a href=\"https://laohu8.com/S/NCTY\">Ninth City</a>Up 3.91%<a href=\"https://laohu8.com/S/EBON\">Ebang International</a>It rose 2.62%.</p><p><b>Important US stocks</b></p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It rose 1.55% in pre-market trading. Tesla recently announced that it will recall some imported Model 3 models in China. Foreign media reports indicate that, according to a statement obtained from the company, Tesla claims the recall is unrelated to brake failure.</p><p><a href=\"https://laohu8.com/S/BRK.B\">Berkshire B</a>It fell 0.01% in pre-market trading. Buffett will distribute $4.1 billion worth of Berkshire Hathaway stock. Buffett stated that \"the promise to distribute all Berkshire Hathaway shares is slowly being fulfilled, and the tax breaks are important to many people.\"</p><p>Canadian biopharmaceutical companies<a href=\"https://laohu8.com/S/ACST\">Acasti Pharma</a>The stock surged 30% in pre-market trading, with loss per share for fiscal year 2021 narrowing year-on-year.</p><p>Specialist Pharmaceutical<a href=\"https://laohu8.com/S/TENX\">Tenax Therapeutics</a>The stock rose more than 12% in pre-market trading, and will officially join the Russell Microstock Index on June 28.</p><p>Digital advertising management platform ALFI fell more than 16% in pre-market trading after the company announced a $2 million share buyback yesterday, closing up 108%.</p><p>Clinical stage biopharmaceutical companies<a href=\"https://laohu8.com/S/MLND\">Millendo Therapeutics</a>It fell nearly 14% in pre-market trading after announcing that its merger with Tempest Therapeutics had been approved and would begin trading as \"TPST\" on Friday.</p><p><b>Commodities</b></p><p>International oil prices fluctuated and rose. Previous industry data showed that U.S. crude oil inventories fell more than expected, reinforcing the view that road and air travel in Europe and North America is heating up and the supply and demand balance is tightening.</p><p>As of press time, WTI crude oil futures were trading at $73.62 per barrel, down 1.06%. Brent crude oil futures were trading at $75.61 a barrel, down 1.07%.</p><p><img src=\"https://static.tigerbbs.com/5c3c03c94c894c65f9e21f3c119c2fed\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>International gold prices rebounded. Federal Reserve Chairman Jerome Powell pledged to keep interest rates near zero for some time and not to rate hike too quickly based solely on fears of rising short-term inflation.</p><p>As of press time, gold futures in the New York market were trading at $1,786.70 per ounce, up 0.52%.</p><p><img src=\"https://static.tigerbbs.com/14dacce7e1bd4143c7a8e3e1e744bb87\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-market: The three major stock index futures rose collectively, and blockchain concepts rebounded.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-market: The three major stock index futures rose collectively, and blockchain concepts rebounded.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-23 20:04</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On Wednesday, June 23, futures for the three major U.S. stock indexes rose collectively, with Dow Jones Industrial Average futures leading the gains. Today, the U.S. will release its June Markit manufacturing, services, and composite PMIs, allowing investors to understand the momentum of the U.S. economic recovery. In addition, Federal Open Market Committee (FOMC) members Michelle Bowman, Eric Rosengren, and Raphael Bostic will deliver speeches.</p><p><img src=\"https://static.tigerbbs.com/4965e98a5db6465f0465b6b52e84211a\" tg-width=\"703\" tg-height=\"258\" referrerpolicy=\"no-referrer\"></p><p><b>Pre-market trend of Chinese concept stocks</b></p><p><a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>It rose 4.4% in pre-market trading. According to Hong Kong Stock Exchange documents, XPeng Automotive has passed the Hong Kong Stock Exchange's listing XPeng Automobile's Hong Kong listing is a \"dual primary listing,\" marking the first time in three years that a major Chinese concept stock has been listed in both Hong Kong and the United States. Unlike other Chinese concept stocks that are \"secondarily listed\" on the Hong Kong Stock Exchange and cannot be accessed through the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, XPeng Automobile's Hong Kong IPO will return to the Hong Kong Stock Exchange through a \"dual main listing\" method, which can meet the access conditions of the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, making it easier for A-share investors to invest through the Hong Kong Stock Connect and activate stock trading.</p><p>At the same time,<a href=\"https://laohu8.com/S/NIO\">Nio</a>、<a href=\"https://laohu8.com/S/LI\">Li Auto</a>It rose more than 2% in pre-market trading.</p><p>\"Truck version of Didi\"<a href=\"https://laohu8.com/S/YMM\">Manbang</a>The group fell more than 4% in pre-market trading. Full Truck Alliance (Manbang) officially listed on the New York Stock Exchange yesterday, closing up 13% on its first day of trading, with its market capitalization exceeding $23 billion.</p><p><a href=\"https://laohu8.com/S/CD\">Qinhuai Data</a>It rose nearly 7% in pre-market trading after announcing a strategic partnership with Tencent.</p><p><a href=\"https://laohu8.com/S/ZKIN\">Zhengkang International Group</a>It rose 6.4% in pre-market trading after announcing plans to expand its business in Europe and North America.</p><p>Blockchain concept stocks rose in pre-market trading.<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>It rose nearly 5%.<a href=\"https://laohu8.com/S/NCTY\">Ninth City</a>Up 3.91%<a href=\"https://laohu8.com/S/EBON\">Ebang International</a>It rose 2.62%.</p><p><b>Important US stocks</b></p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>It rose 1.55% in pre-market trading. Tesla recently announced that it will recall some imported Model 3 models in China. Foreign media reports indicate that, according to a statement obtained from the company, Tesla claims the recall is unrelated to brake failure.</p><p><a href=\"https://laohu8.com/S/BRK.B\">Berkshire B</a>It fell 0.01% in pre-market trading. Buffett will distribute $4.1 billion worth of Berkshire Hathaway stock. Buffett stated that \"the promise to distribute all Berkshire Hathaway shares is slowly being fulfilled, and the tax breaks are important to many people.\"</p><p>Canadian biopharmaceutical companies<a href=\"https://laohu8.com/S/ACST\">Acasti Pharma</a>The stock surged 30% in pre-market trading, with loss per share for fiscal year 2021 narrowing year-on-year.</p><p>Specialist Pharmaceutical<a href=\"https://laohu8.com/S/TENX\">Tenax Therapeutics</a>The stock rose more than 12% in pre-market trading, and will officially join the Russell Microstock Index on June 28.</p><p>Digital advertising management platform ALFI fell more than 16% in pre-market trading after the company announced a $2 million share buyback yesterday, closing up 108%.</p><p>Clinical stage biopharmaceutical companies<a href=\"https://laohu8.com/S/MLND\">Millendo Therapeutics</a>It fell nearly 14% in pre-market trading after announcing that its merger with Tempest Therapeutics had been approved and would begin trading as \"TPST\" on Friday.</p><p><b>Commodities</b></p><p>International oil prices fluctuated and rose. Previous industry data showed that U.S. crude oil inventories fell more than expected, reinforcing the view that road and air travel in Europe and North America is heating up and the supply and demand balance is tightening.</p><p>As of press time, WTI crude oil futures were trading at $73.62 per barrel, down 1.06%. Brent crude oil futures were trading at $75.61 a barrel, down 1.07%.</p><p><img src=\"https://static.tigerbbs.com/5c3c03c94c894c65f9e21f3c119c2fed\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>International gold prices rebounded. Federal Reserve Chairman Jerome Powell pledged to keep interest rates near zero for some time and not to rate hike too quickly based solely on fears of rising short-term inflation.</p><p>As of press time, gold futures in the New York market were trading at $1,786.70 per ounce, up 0.52%.</p><p><img src=\"https://static.tigerbbs.com/14dacce7e1bd4143c7a8e3e1e744bb87\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ed4ee39e6b0f45214393093d70ba81a8","relate_stocks":{".DJI":"道琼斯"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102688637","content_text":"6月23日（周三），美股三大指数期货集体上涨，道指期货涨幅居前。今日，美国将公布6月Markit制造业、服务业和综合PMI，投资者可从中了解美国经济复苏势头状况。另外，联邦公开市场委员会(FOMC)委员鲍曼(Michelle Bowman)、罗森格伦(Eric Rosengren)和博斯蒂克(Raphael Bostic)将发表讲话。\n\n中概股盘前走势\n小鹏汽车盘前涨4.4%。据港交所文件，小鹏汽车通过港交所上市聆讯。小鹏汽车本次港股上市为“双重主要上市”，也是三年内首个香港、美国两地重大中概股双重上市。与其他港股“二次上市”的中概股无法通过沪港通、深港通接入不同，小鹏汽车本次港股IPO将以“双重主要上市”方式回归港股，可满足沪港通和深港通的接入条件，便于A股投资者借助港股通投资，活跃股票成交。\n同时，蔚来、理想汽车盘前涨超2%。\n“货车版滴滴”满帮集团盘前跌超4%。满帮集团昨天正式登陆纽交所，上市首日收涨13%，市值突破230亿美元。\n秦淮数据盘前涨近7%，此前宣布与腾讯达成战略合作。\n正康国际集团盘前涨6.4%，此前宣布将在欧洲和北美扩张业务。\n区块链概念盘前走高，嘉楠科技涨近5%，第九城市涨3.91%，亿邦国际涨2.62%。\n重要美股\n特斯拉盘前涨1.55%。特斯拉近期宣布，该公司将在中国召回部分进口Model 3车型。 外媒报道称，根据获得的一份该公司声明中显示，特斯拉称此次召回与刹车失灵无关。\n伯克希尔B盘前跌0.01%。巴菲特将派发价值41亿美元的伯克希尔哈撒韦公司股票。巴菲特表示“正在慢慢实现派发所有伯克希尔哈撒韦的股票这一承诺，税收减免对很多人来说都很重要”。\n加拿大生物制药公司Acasti Pharma盘前大涨30%，2021财年每股亏损同比缩小。\n专科制药公司Tenax Therapeutics盘前涨超12%，该股将在6月28日正式加入罗素微股指数。\n数字广告管理平台ALFI盘前跌超16%，昨日公司宣布回购200万美元股票，收涨108%。\n临床阶段生物制药公司Millendo Therapeutics盘前跌近14%，此前宣布与Tempest Therapeutics的合并获批，将在周五开始以“TPST”交易。\n大宗商品\n国际油价震荡走高。此前行业数据显示美国原油库存降幅大于预期，强化了欧洲和北美公路和航空旅行升温，供求平衡趋紧的观点。\n截至发稿，WTI原油期货价格报73.62美元/桶，跌幅1.06%；布伦特原油期货价格报75.61美元/桶，跌幅1.07%。\n\n国际金价反弹。美联储主席鲍威尔承诺在一段时间内将利率维持在接近零的水平，不会仅仅基于对短期通胀上升的恐惧而过快加息。\n截至发稿，纽约市场黄金期货价格报1786.70美元/盎司，涨幅0.52%。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1696,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":121175219,"gmtCreate":1624457699531,"gmtModify":1703837352825,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/121175219","repostId":"2145929670","repostType":4,"repost":{"id":"2145929670","kind":"highlight","pubTimestamp":1624452183,"share":"https://ttm.financial/m/news/2145929670?lang=en_US&edition=fundamental","pubTime":"2021-06-23 20:43","market":"us","language":"zh","title":"Tesla's Q2 deliveries are expected to hit a new high; has the buying opportunity arrived?","url":"https://stock-news.laohu8.com/highlight/detail?id=2145929670","media":"金十数据","summary":"市场普遍预期Q2交付量将再创新高，如何把握时机提早布局？","content":"<p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>CEO Elon Musk sent an internal email to employees on the 18th local time. The email did not disclose actual production and delivery targets for the second quarter, but only offered encouragement and requirements:</p><p>\"Overall, we executed well, but the next 12 days are crucial for production and delivery this quarter. Please give it your all!\" Musk did not disclose the number of deliveries completed so far or the Q2 target in the letter, but<b>Analysts expect deliveries this quarter to reach 198,000 to 200,000, setting a new record for quarterly deliveries.</b></p><p>Judging from the wording of the email, Musk seems to believe that the delivery target for the second quarter is achievable, but in order to achieve this goal, the team needs to make a very intense sprint at the end of the quarter.</p><p>With less than two weeks left in the second quarter, given Tesla's trend of launching a large-scale push at the end of the quarter, it is likely that Tesla will do everything it can to deliver as many cars as possible before the end of the month.</p><p><b>Q1 Delivery Data Review</b></p><p>In the first quarter of this year, Tesla delivered 184,800 electric vehicles and produced 180,338 vehicles, both setting new records. According to delivery data, all of Tesla's electric vehicles produced in the first quarter were Model 3 and Model Y models, while production of the more expensive Model S and Model X models was zero.</p><p>Meanwhile, the 2,020 Model S and Model X vehicles delivered in the first quarter all came from previous production inventory, accounting for only 1% of the total deliveries in that quarter. The chart below shows Tesla Model S/X/3/Y deliveries as of the first quarter of 2021:</p><p><img src=\"https://static.tigerbbs.com/f922029c3a0ba8d1f3227eb32e8c8bee\" tg-width=\"960\" tg-height=\"463\" referrerpolicy=\"no-referrer\"></p><p><b>Q2 Delivery Forecast</b></p><p>For Tesla, rapid sales growth is crucial because traditional automakers have woken up and are boosting plug-in vehicle sales for most brands. The new plant in Texas is a key factor for further growth, as the start-up of the German plant appears to be \"challenging\".</p><p>Tesla fan Troy Teslike estimates that,<b>In the second quarter, deliveries of 198,000 vehicles are possible (he previously gave a forecast of 192,000 vehicles).</b>This would support the argument for 200,000 vehicles—another symbolic milestone. Troy Teslike also predicts that Tesla will deliver 838,000 vehicles throughout 2021. The following chart shows his predicted data:</p><p><img src=\"https://static.tigerbbs.com/a6540ca353b7336cb0291d9c95645713\" tg-width=\"566\" tg-height=\"766\" referrerpolicy=\"no-referrer\"></p><p>before<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>CIO Gary Black stated that with US/China Model Y deliveries (expected) reaching record highs in the second quarter, and Chinese and US-made Model 3 exports to the EU setting records every quarter,<b>Tesla's second-quarter deliveries may reach 210,000 to 215,000 vehicles (compared to market expectations of 205,000).</b>After the second quarter, the market expects Tesla's deliveries for fiscal year 2021 to approach 900,000 vehicles (the current forecast is 866,000 vehicles).</p><p>Tesla short GLJ Research analyst Gordon Johnson lowered his forecast for Tesla's (TSLA.O) second-quarter deliveries while raising his forecast for full-year fiscal 2021 deliveries.<b>The second-quarter delivery forecast has been lowered from 196,000 to 194,000 vehicles, while the full-year 2021 delivery forecast has been raised from 783,900 to 799,700 vehicles.</b>。 Johnson stated that they made this adjustment because they believe sales in China will reach around 30,000 vehicles in June.</p><p>The Motley Fool reports that Tesla may need to more than double its second-quarter deliveries year-over-year to meet The company's updated first-quarter guidance of more than 50% increase in full-year deliveries compared to 2020 levels. But this shouldn't be too difficult. If the second quarter maintains the same delivery volume as the first quarter, a year-on-year growth rate of 104% can be achieved.</p><p><b>However, supply shortages remain potential challenges, particularly in the areas of semiconductors, logistics, and shipping port capacity constraints.</b>。 Given the optimistic signals released by Tesla's management, deliveries in the second quarter are expected to increase compared to the first quarter.</p><p><b>Model S Focus on delivery</b></p><p>Previously, on June 10, Tesla held a delivery ceremony for the Model S Plaid version at its test drive plant next to its Fremont Gigafactory. At the event, Tesla CEO Elon Musk announced that the company would deliver 25 Model S Plaids that evening. In addition, Musk added that hundreds of Model S Plaids will soon be delivered per week, and thousands of Model S Plaids will be delivered per week next quarter.</p><p>Days after Tesla officially delivered the first batch of Model S Plaids, drones patrolling the Fremont factory showed that the company is now mass-producing the car. In addition, judging from videos and photos shared by netizens on social media, some Model S Plaids are on their way. Coupled with the growing Model S fleet at the Fremont factory, Tesla seems to want to ensure that this newly released car can be delivered to customers before the end of this quarter.</p><p><img src=\"https://static.tigerbbs.com/20cb3d4a2cc9c0f4e1e2181891cab618\" tg-width=\"554\" tg-height=\"299\" referrerpolicy=\"no-referrer\"></p><p>According to recent foreign media reports, as the second quarter of 2021 draws to a close, Tesla Model S deliveries are accelerating. Foreign media predict that Tesla's production and deliveries will be particularly tight in the second quarter, with a large backlog of Model S delivery orders due to the postponement of the new Model launch. In addition, more than 10,000 cars were put on hold for delivery in May, which delayed many order deliveries and made it necessary to wait until Tesla launches its new computer vision system.</p><p><b>Tesla's stock price history on the day of its quarterly delivery data release and in the first five days.</b></p><p>From Q1 2020 to Q1 this year, Tesla's deliveries exceeded market expectations for five consecutive quarters, with the stock price rising by more than 3% on the day of the announcement on four of those occasions, as shown in the chart below. As the second quarter draws to a close, investors may be able to find patterns in previous market trend charts, seize opportunities, and position themselves early!</p><p><img src=\"https://static.tigerbbs.com/bedab4feccd75ca5c4d48fd2872c022c\" tg-width=\"1242\" tg-height=\"3620\" referrerpolicy=\"no-referrer\"></p>","source":"xnew_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>Tesla's Q2 deliveries are expected to hit a new high; has the buying opportunity arrived?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla's Q2 deliveries are expected to hit a new high; has the buying opportunity arrived?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">金十数据</strong><span class=\"h-time small\">2021-06-23 20:43</span>\n</p>\n</h4>\n</header>\n<article>\n<p><a href=\"https://laohu8.com/S/TSLA\">Tesla</a>CEO Elon Musk sent an internal email to employees on the 18th local time. The email did not disclose actual production and delivery targets for the second quarter, but only offered encouragement and requirements:</p><p>\"Overall, we executed well, but the next 12 days are crucial for production and delivery this quarter. Please give it your all!\" Musk did not disclose the number of deliveries completed so far or the Q2 target in the letter, but<b>Analysts expect deliveries this quarter to reach 198,000 to 200,000, setting a new record for quarterly deliveries.</b></p><p>Judging from the wording of the email, Musk seems to believe that the delivery target for the second quarter is achievable, but in order to achieve this goal, the team needs to make a very intense sprint at the end of the quarter.</p><p>With less than two weeks left in the second quarter, given Tesla's trend of launching a large-scale push at the end of the quarter, it is likely that Tesla will do everything it can to deliver as many cars as possible before the end of the month.</p><p><b>Q1 Delivery Data Review</b></p><p>In the first quarter of this year, Tesla delivered 184,800 electric vehicles and produced 180,338 vehicles, both setting new records. According to delivery data, all of Tesla's electric vehicles produced in the first quarter were Model 3 and Model Y models, while production of the more expensive Model S and Model X models was zero.</p><p>Meanwhile, the 2,020 Model S and Model X vehicles delivered in the first quarter all came from previous production inventory, accounting for only 1% of the total deliveries in that quarter. The chart below shows Tesla Model S/X/3/Y deliveries as of the first quarter of 2021:</p><p><img src=\"https://static.tigerbbs.com/f922029c3a0ba8d1f3227eb32e8c8bee\" tg-width=\"960\" tg-height=\"463\" referrerpolicy=\"no-referrer\"></p><p><b>Q2 Delivery Forecast</b></p><p>For Tesla, rapid sales growth is crucial because traditional automakers have woken up and are boosting plug-in vehicle sales for most brands. The new plant in Texas is a key factor for further growth, as the start-up of the German plant appears to be \"challenging\".</p><p>Tesla fan Troy Teslike estimates that,<b>In the second quarter, deliveries of 198,000 vehicles are possible (he previously gave a forecast of 192,000 vehicles).</b>This would support the argument for 200,000 vehicles—another symbolic milestone. Troy Teslike also predicts that Tesla will deliver 838,000 vehicles throughout 2021. The following chart shows his predicted data:</p><p><img src=\"https://static.tigerbbs.com/a6540ca353b7336cb0291d9c95645713\" tg-width=\"566\" tg-height=\"766\" referrerpolicy=\"no-referrer\"></p><p>before<a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>CIO Gary Black stated that with US/China Model Y deliveries (expected) reaching record highs in the second quarter, and Chinese and US-made Model 3 exports to the EU setting records every quarter,<b>Tesla's second-quarter deliveries may reach 210,000 to 215,000 vehicles (compared to market expectations of 205,000).</b>After the second quarter, the market expects Tesla's deliveries for fiscal year 2021 to approach 900,000 vehicles (the current forecast is 866,000 vehicles).</p><p>Tesla short GLJ Research analyst Gordon Johnson lowered his forecast for Tesla's (TSLA.O) second-quarter deliveries while raising his forecast for full-year fiscal 2021 deliveries.<b>The second-quarter delivery forecast has been lowered from 196,000 to 194,000 vehicles, while the full-year 2021 delivery forecast has been raised from 783,900 to 799,700 vehicles.</b>。 Johnson stated that they made this adjustment because they believe sales in China will reach around 30,000 vehicles in June.</p><p>The Motley Fool reports that Tesla may need to more than double its second-quarter deliveries year-over-year to meet The company's updated first-quarter guidance of more than 50% increase in full-year deliveries compared to 2020 levels. But this shouldn't be too difficult. If the second quarter maintains the same delivery volume as the first quarter, a year-on-year growth rate of 104% can be achieved.</p><p><b>However, supply shortages remain potential challenges, particularly in the areas of semiconductors, logistics, and shipping port capacity constraints.</b>。 Given the optimistic signals released by Tesla's management, deliveries in the second quarter are expected to increase compared to the first quarter.</p><p><b>Model S Focus on delivery</b></p><p>Previously, on June 10, Tesla held a delivery ceremony for the Model S Plaid version at its test drive plant next to its Fremont Gigafactory. At the event, Tesla CEO Elon Musk announced that the company would deliver 25 Model S Plaids that evening. In addition, Musk added that hundreds of Model S Plaids will soon be delivered per week, and thousands of Model S Plaids will be delivered per week next quarter.</p><p>Days after Tesla officially delivered the first batch of Model S Plaids, drones patrolling the Fremont factory showed that the company is now mass-producing the car. In addition, judging from videos and photos shared by netizens on social media, some Model S Plaids are on their way. Coupled with the growing Model S fleet at the Fremont factory, Tesla seems to want to ensure that this newly released car can be delivered to customers before the end of this quarter.</p><p><img src=\"https://static.tigerbbs.com/20cb3d4a2cc9c0f4e1e2181891cab618\" tg-width=\"554\" tg-height=\"299\" referrerpolicy=\"no-referrer\"></p><p>According to recent foreign media reports, as the second quarter of 2021 draws to a close, Tesla Model S deliveries are accelerating. Foreign media predict that Tesla's production and deliveries will be particularly tight in the second quarter, with a large backlog of Model S delivery orders due to the postponement of the new Model launch. In addition, more than 10,000 cars were put on hold for delivery in May, which delayed many order deliveries and made it necessary to wait until Tesla launches its new computer vision system.</p><p><b>Tesla's stock price history on the day of its quarterly delivery data release and in the first five days.</b></p><p>From Q1 2020 to Q1 this year, Tesla's deliveries exceeded market expectations for five consecutive quarters, with the stock price rising by more than 3% on the day of the announcement on four of those occasions, as shown in the chart below. As the second quarter draws to a close, investors may be able to find patterns in previous market trend charts, seize opportunities, and position themselves early!</p><p><img src=\"https://static.tigerbbs.com/bedab4feccd75ca5c4d48fd2872c022c\" tg-width=\"1242\" tg-height=\"3620\" referrerpolicy=\"no-referrer\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://xnews.jin10.com/webapp/details.html?id=76537&type=news\">金十数据</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1b86586210e1f8bc591340d4eb624b89","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://xnews.jin10.com/webapp/details.html?id=76537&type=news","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145929670","content_text":"特斯拉CEO马斯克于当地时间18日给员工发送了一封内部邮件，该邮件并没有透露第二季度实际生产和交付目标，只是做出了鼓舞和要求：\n\n “总的来说，我们执行得很好，但接下来的 12 天对于本季度的生产和交付来说非常重要。请全力以赴！”\n\n马斯克在信件中并没有透露目前已经完成的交付数量以及Q2目标，但分析师预期本季度的交付数量将达到19.8万-20万，刷新季度交付数量新高。\n从邮件措辞来看，马斯克似乎相信第二季度的交付目标是可实现的，但为了实现这一目标，团队需在季度末进行非常激烈的冲刺。\n第二季度只剩下不到两周的时间，考虑到特斯拉在季度末发起大规模推动的趋势，特斯拉很有可能会尽其所能在本月底之前交付尽可能多的汽车。\nQ1交付数据回顾\n今年第一季度，特斯拉电动汽车的交付量达184800辆，产量达180338辆，双双创下历史新高。据交付数据，第一季度特斯拉生产的所有电动汽车均为Model 3和Model Y车型，价格更为昂贵的Model S和Model X车型的产量为零。\n同时，第一季度所交付的2020辆Model S和Model X，均来自此前的生产库存，其交付数量仅占该季度总交付量的1%。下图是截至2021年第一季度，特斯拉Model S/X/3/Y交付量：\n\nQ2交付量预测\n对于特斯拉来说，销量的快速增长非常重要，因为传统汽车龙头企业已经觉醒并正在为大多数品牌提振插电式汽车销量。得州的新工厂是进一步增长的关键因素，因为德国工厂的启动似乎“具有挑战性”。\n特斯拉忠粉Troy Teslike估计，在第二季度，198000辆的交付量是有可能的（他此前给出的预期值为192000辆），这将支持20万辆的论点——另一个象征性的里程碑。Troy Teslike还预测特斯拉2021年全年将交付83.8万辆。下图是他的预测数据：\n\n前高盛CIO Gary Black表示，随着美国/中国第二季度Model Y交付量（预计）达到新高，以及中国及美国产Model 3对欧盟的出口量每个季度都创下纪录，特斯拉第二季度交付量可能达到21万—21.5万辆（市场预期20.5万辆），第二季度后市场对特斯拉2021财年交付量的预期可能接近90万辆（目前的预测为86.6万辆）。\n特斯拉空头GLJ Research分析师Gordon Johnson下调了他对特斯拉(TSLA.O)第二季度交付量的预期，同时上调对2021财年全年交付量的预期。第二季度交付量预期从19.6万下调至19.4万辆，而2021年全年交付量预期从78.39万上调到79.97万辆。Johnson表示，我们之所以做出这一调整，是因为我们认为6月在中国的销量将达到3万辆左右。\nThe Motley Fool报道称，特斯拉可能需要将其第二季度的交付量同比增加一倍以上才能达到公司在第一季度更新的指引，即全年交付量比 2020 年水平增加50%以上。但这应该不会太难，如果第二季度维持一季度的交付量，也能实现104%的同比增长率。\n不过供应短缺仍然是潜在的挑战，尤其是半导体、物流和航运港口容量限制方面。鉴于特斯拉管理层释放的乐观信号，预计第二季度交付量会较第一季度录得增长。\nModel S发力交付\n此前6月10日，特斯拉在弗里蒙特超级工厂旁边的试驾厂举行了Model S Plaid版交付仪式。活动现场，特斯拉CEO马斯克宣布，该公司将于当晚交付25辆Model S Plaid。此外，马斯克还补充表示，很快将每周交付数百辆Model S Plaid，下个季度每周将交付数千辆Model S Plaid。\n在特斯拉正式交付第一批Model S Plaid的几天后，弗里蒙特工厂上空巡查的无人机显示，该公司现在正在批量生产这款车。另外从网友在社交媒体上分享的视频和照片来看，一些Model S Plaid正在运送途中，再加上弗里蒙特工厂内不断增长的Model S车队，特斯拉似乎想要确保这款新发布的汽车能在本季度结束前交付给客户。\n\n近日，据外媒报道，随着2021年第二季度临近结束，特斯拉Model S的交付速度加快。外媒预计，特斯拉二季度的生产和交付都特别紧张，由于新车型发布被推迟，Model S的交付订单大量积压。此外，5月份有1万多辆汽车被搁置发货，这也推迟了许多订单交付，需等到特斯拉推出其新计算机视觉系统。\n特斯拉公布季度交付数据当日及前五日股价历史走势\n2020年Q1至今年Q1，特斯拉连续五个季度的交付量超出市场普遍预期，其中四次在公布当日股价上涨3%以上，如下图所示。随着第二季度临近结束，投资者们或许可以此前几次行情走势图从中找到规律，把握时机，提早布局！","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":1961,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120669941,"gmtCreate":1624321766883,"gmtModify":1703833330881,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120669941","repostId":"1128496063","repostType":4,"isVote":1,"tweetType":1,"viewCount":1520,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120687105,"gmtCreate":1624321715807,"gmtModify":1703833328611,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120687105","repostId":"2145034445","repostType":4,"repost":{"id":"2145034445","kind":"highlight","pubTimestamp":1624321277,"share":"https://ttm.financial/m/news/2145034445?lang=en_US&edition=fundamental","pubTime":"2021-06-22 08:21","market":"hk","language":"zh","title":"Crude oil key spread hits 7-year high, last time oil rose to $100","url":"https://stock-news.laohu8.com/highlight/detail?id=2145034445","media":"华尔街见闻","summary":"周一WTI 9月合约较10月合约的溢价触及1.12美元/桶。过去十三年里，排序第三位和第四位合约价差超过1美元的情况只出现过两次，且随后国际油价都超过了100美元/桶。","content":"<p>Unconsciously, the international crude oil price has risen again. On Monday, June 21st, international crude oil futures rose for two consecutive days, hitting a new high in more than two and a half years.</p><p>Among them, WTI July crude oil futures closed up 2.82% at $73.66/barrel, setting a new high for the monthly contract closing since October 10, 2018 set last Wednesday; Brent August crude oil futures once approached $75, closing up 1.89% at $74.90/barrel, a new high since October 31, 2018.</p><p>Of course, there is another indicator this time that oil prices may not have risen to a high point-<b>The main spread on crude oil futures contracts has risen to its widest in seven years as traders bet on a sharp tightening of U.S. crude oil inventories.</b></p><p>Bloomberg said the premium on the WTI September contract to the October contract hit $1.12/barrel on Monday. In the past 13 years, the spread between the third-and fourth-ranked contracts exceeded $1 only twice, in 2008 and between mid-2013 and mid-2014.</p><p><b>It is particularly noteworthy that the international oil price exceeded 100 USD/barrel in the past two periods when this key price spread exceeded 1 USD.</b></p><p>In response, Bloomberg explained that the spread indicates that some people expect oil supplies to be tightening sharply, mainly due to the increase in road and air travel in the United States as the economy reopens. From a supply perspective, shale oil producers' tight financial record keeping is also limiting production growth.</p><p><b>At the same time, more and more people are also predicting that the oil price will break 100.</b></p><p>Last week, Vitol Group,<a href=\"https://laohu8.com/S/GLEN.UK\">Glencore</a>Executives at major oil trading companies such as Glencore Plc and Trafigura Group said the possibility of oil prices rising to $100 a barrel was real because investment in new supplies had slowed at a time when demand had not peaked and green alternatives could not fill the gap.</p><p><a href=\"https://laohu8.com/S/BAC\">Bank of America</a>And gives the most optimistic forecast of any major Wall Street forecaster to date.</p><p>Francisco Blanch, head of commodities research at Bank of America, agrees that oil prices could soar to $100 a barrel next year as global travel demand rebounds. Blanch said crude oil inventories are now below the five-year average, and pent-up travel demand and constrained supply-side investment could briefly push crude oil prices to $100/barrel in 2022.</p>","source":"wallstreetcn_api","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>Crude oil key spread hits 7-year high, last time oil rose to $100</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCrude oil key spread hits 7-year high, last time oil rose to $100\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-06-22 08:21</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Unconsciously, the international crude oil price has risen again. On Monday, June 21st, international crude oil futures rose for two consecutive days, hitting a new high in more than two and a half years.</p><p>Among them, WTI July crude oil futures closed up 2.82% at $73.66/barrel, setting a new high for the monthly contract closing since October 10, 2018 set last Wednesday; Brent August crude oil futures once approached $75, closing up 1.89% at $74.90/barrel, a new high since October 31, 2018.</p><p>Of course, there is another indicator this time that oil prices may not have risen to a high point-<b>The main spread on crude oil futures contracts has risen to its widest in seven years as traders bet on a sharp tightening of U.S. crude oil inventories.</b></p><p>Bloomberg said the premium on the WTI September contract to the October contract hit $1.12/barrel on Monday. In the past 13 years, the spread between the third-and fourth-ranked contracts exceeded $1 only twice, in 2008 and between mid-2013 and mid-2014.</p><p><b>It is particularly noteworthy that the international oil price exceeded 100 USD/barrel in the past two periods when this key price spread exceeded 1 USD.</b></p><p>In response, Bloomberg explained that the spread indicates that some people expect oil supplies to be tightening sharply, mainly due to the increase in road and air travel in the United States as the economy reopens. From a supply perspective, shale oil producers' tight financial record keeping is also limiting production growth.</p><p><b>At the same time, more and more people are also predicting that the oil price will break 100.</b></p><p>Last week, Vitol Group,<a href=\"https://laohu8.com/S/GLEN.UK\">Glencore</a>Executives at major oil trading companies such as Glencore Plc and Trafigura Group said the possibility of oil prices rising to $100 a barrel was real because investment in new supplies had slowed at a time when demand had not peaked and green alternatives could not fill the gap.</p><p><a href=\"https://laohu8.com/S/BAC\">Bank of America</a>And gives the most optimistic forecast of any major Wall Street forecaster to date.</p><p>Francisco Blanch, head of commodities research at Bank of America, agrees that oil prices could soar to $100 a barrel next year as global travel demand rebounds. Blanch said crude oil inventories are now below the five-year average, and pent-up travel demand and constrained supply-side investment could briefly push crude oil prices to $100/barrel in 2022.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3633474\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/50ab1228da008e61faa75a03abe0e560","relate_stocks":{"SCO":"二倍做空彭博原油指数ETF","DWT":"三倍做空原油ETN","DUG":"二倍做空石油与天然气ETF(ProShares)","USO":"美国原油ETF","DDG":"ProShares做空石油与天然气ETF","UCO":"二倍做多彭博原油ETF"},"source_url":"https://wallstreetcn.com/articles/3633474","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2145034445","content_text":"不知不觉当中，国际原油价格又升高了。6月21日周一，国际原油期货连涨两日，创逾两年半新高。\n其中，WTI 7月原油期货收涨2.82%，报73.66美元/桶，刷新上周三所创的2018年10月10日以来即月合约收盘新高；布伦特8月原油期货一度逼近75美元，收涨1.89%，报74.90美元/桶，创2018年10月31日以来新高。\n当然这次还有一个指标显示，油价可能还没涨到高点——随着交易员们押注美国原油库存将大幅收紧，原油期货合约的主要价差已经升至七年以来最宽。\n彭博表示，周一WTI 9月合约较10月合约的溢价触及1.12美元/桶。过去十三年里，排序第三位和第四位合约价差超过1美元的情况只出现过两次，分别是2008年、以及2013年中至2014年中。\n尤为值得关注的是，过去出现这一关键价差超过1美元情形的两个时间段，国际油价都超过了100美元/桶。\n对此彭博解释称，这一价差预示着一些人预计石油供应正在大幅收紧，主要是随着经济重开，美国的公路和航空旅行增加。从供应的角度，页岩油生产商严守财务纪录也在限制产量增长。\n与此同时，越来越多的人也在预测油价即将破百。\n上周，维多 (Vitol Group)、嘉能可 (Glencore Plc)和托克 (Trafigura Group)等大型石油贸易公司的高管们表示，油价升至每桶100美元的可能性切实存在，原因是在需求还未见顶、绿色替代能源还无法填补缺口的时候，对新供应的投资已经出现放缓。\n美国银行则给出了迄今为止主要华尔街预测机构中最乐观的预测。\n美国银行大宗商品研究主管Francisco Blanch也认为，随着全球旅行需求反弹，油价明年可能飙升至每桶100美元。Blanch表示，目前原油库存低于五年平均水平，被压抑的旅行需求和供应面投资受限可能会在2022年将原油价格短暂推高至100美元/桶。","news_type":1,"symbols_score_info":{"DUG":0.9,"BZmain":0.9,"DWTIF":0.9,"SCO":0.9,"CLmain":0.9,"USO":0.9,"DDG":0.9,"UCO":0.9,"UWTIF":0.9,"DWT":0.9,"QMmain":0.9}},"isVote":1,"tweetType":1,"viewCount":1759,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168150787,"gmtCreate":1623967707549,"gmtModify":1703824732189,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"title":"","htmlText":"666 ?&nbsp;","listText":"666 ?&nbsp;","text":"666 ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/168150787","repostId":"1111690771","repostType":4,"repost":{"id":"1111690771","kind":"news","pubTimestamp":1623935139,"share":"https://ttm.financial/m/news/1111690771?lang=en_US&edition=fundamental","pubTime":"2021-06-17 21:05","market":"us","language":"zh","title":"Hawkish signal! With the Federal Reserve gradually changing its tune, what will happen to the real estate and stock markets?","url":"https://stock-news.laohu8.com/highlight/detail?id=1111690771","media":"杠杆游戏","summary":"全球瞩目，美国是否加息，何时加息？\n当地时间6月16日，美联储发布经济预测和政策声明。美联储分别上调了对2021年的美国经济及通胀预期，而一同公布的点阵图则显示，有超过半数的FOMC委员给出了提前加息","content":"<p>Global attention is focused on whether the United States will become rate hike, and when rate hike will become</p><p>On June 16 local time, the Federal Reserve released its economic forecast and policy statement. The Federal Reserve raised its forecasts for the U.S. economy and inflation in 2021, respectively. The dot plot released together showed that more than half of FOMC members gave expectations for rate hike ahead of schedule, with the median forecast suggesting that the Fed will rate hike twice before 2023.</p><p>Interest rates may rise from 0.1% to 0.6%.</p><p><img src=\"https://static.tigerbbs.com/d41cae1274b855b1881c45df621f92f1\" tg-width=\"650\" tg-height=\"248\" referrerpolicy=\"no-referrer\"></p><p>Overall, the Federal Reserve's concerns about prices have increased, and hawkish signals are beginning to emerge. What impact will this have on my country's stock and real estate markets? Leverage Games will discuss this based on the details of this interest rate meeting.</p><p><b>1. Hawkish turning signals deserve attention!</b></p><p>Thirteen of the 18 committee members support holding at least one rate hike by the end of 2023. The Federal Reserve is relatively confident in the U.S. economy, believing that U.S. GDP will grow by 7.0% in 2021, compared to the forecast of 6.5% at its March meeting.</p><p>The Federal Reserve also raised its real GDP forecast for 2023 to 2.4% from the previous expectation of 2.2%. With the relatively good economic recovery, price and monetary policy issues naturally arise.</p><p><img src=\"https://static.tigerbbs.com/66259bd1ce43d9289e0638c6cb914df7\" tg-width=\"650\" tg-height=\"257\" referrerpolicy=\"no-referrer\"></p><p>Huatai Futures conducted a survey, which they found very meaningful and expressed their gratitude.</p><p>The rate hike path dot plot by Federal Reserve officials shows that the Fed may rate hike twice by the end of 2023.</p><p>The June dot plot of the FOMC (Federal Open Market Committee) showed that 13 of the 18 members supported at least one rate hike by the end of 2023, compared to 7 in March.</p><p><img src=\"https://static.tigerbbs.com/13dc861d49dae295f65371658fe551af\" tg-width=\"528\" tg-height=\"540\" referrerpolicy=\"no-referrer\"></p><p>Chart Source |<a href=\"https://laohu8.com/S/000686\">Northeast Securities</a>(Special thanks)</p><p>Eleven committee members are expected to hold at least two rate hike by the end of 2023, and seven committee members are expected to begin their rate hike in 2022. There were four in March.</p><p>The median dot plot forecast in March suggests that rate hike will not occur before the end of 2023.</p><p><b>2. Federal Reserve Chairman Jerome Powell generally believes that it is too early to discuss rate hike. The key question is why?</b></p><p>Of course, the Federal Reserve is preparing to adjust the excess reserve rate (IOER) from 0.1% to 0.15%, which means that the Fed is actually taking appropriate action in the face of excess liquidity.</p><p>However, it has been made clear that it will continue to increase its holdings of at least $80 billion in Treasury Bond and at least $40 billion in mortgage-backed securities each month until substantial progress is made on the goals of full employment and price stability.</p><p>The leverage game needs to be added here: what constitutes the goals of full employment and price stability?</p><p>For example, the United States added 278,000 and 559,000 non-farm payrolls in April and May respectively, both lower than expected. Compared to the level before the black swan event, employment still decreased by about 7.6 million in May.</p><p><img src=\"https://static.tigerbbs.com/8c8c7ecd06543dcd0ded387b77673869\" tg-width=\"832\" tg-height=\"343\" referrerpolicy=\"no-referrer\"></p><p>Chart source: Northeast Securities (with special thanks)</p><p>The Federal Reserve expects the unemployment rate to fall to 4.5% in 2021 (unchanged from its March forecast), and to 3.8% and 3.5% in 2022 and 2023, respectively—returning to a very low level is roughly acceptable.</p><p>Meanwhile, Powell believes that inflation is likely to remain high for the next few months before easing—price indicators should be considered adequate.</p><p>So my conclusion is that what Americans care about is the economy, or simply put, employment indicators.</p><p><b>3. The normalization of US monetary policy may accelerate and deserves attention, but the stock market should be safe for the time being.</b></p><p>Judging from the changes in the number of Federal Reserve members' attitudes towards rate hike mentioned above, it can be basically concluded that the pace of rate hike has accelerated significantly compared to before.</p><p>Although there is no signal from rate hike yet, an early arrival is possible. Meanwhile, Powell is already preparing to discuss tapering bond purchases, indicating a clear hawkish stance. Therefore, the US dollar will have support in the short term, and the RMB exchange rate will likely fluctuate.</p><p>However, liquidity between China and the US is generally loose. For example, our M2 reached 227.54 trillion yuan at the end of May, a year-on-year increase of 8.3%, 0.2 percentage points higher than the end of the previous month.</p><p>At the same time, both the central banks of China and the United States have relatively thorough and transparent communication with the market, and neither will experience a sudden shift in monetary policy.</p><p>Therefore, the stock market will generally not panic, and a trend decline will not occur.</p><p><b>4. Domestic demand is still somewhat weak, while external demand supports high production prosperity. Real estate and investment cannot be too cool at this time.</b></p><p>June 16th was a very interesting day. The United States announced part of its interest rate meeting statement, and we released a number of economic indicators.</p><p>We can see that industrial production has actually weakened slightly, while external demand remains an important support.</p><p>According to statistics from ShouChuang Securities, for example, the average two-year growth rate of the added value of industrial enterprises above designated size in May was 6.6%, a slight decrease of 0.2 percentage points from the previous value.</p><p><img src=\"https://static.tigerbbs.com/d083afd587e6aa1242d24c96c4ad505e\" tg-width=\"477\" tg-height=\"545\" referrerpolicy=\"no-referrer\"></p><p>Chart source | First Capital Securities (with special thanks)</p><p>The compound annual growth rate of export delivery value has slowed significantly, echoing the sharp decline in exports in May, but without the high growth in exports, industrial data would have declined even more.</p><p>Overall, with external demand peaking and declining, it is certain that production and exports will have a slight impact in the future.</p><p>In terms of fixed asset investment, it increased by 15.4% year-on-year. However, the area of new housing starts has experienced negative growth for two consecutive months, while the area of completed housing has accelerated significantly this month, turning positive year-on-year to 5.0%. Real estate investment still has support in the short term, but there is some pressure in the long term.</p><p>Meanwhile, with the strengthening of debt management, a decline in fixed investment is highly likely.</p><p><img src=\"https://static.tigerbbs.com/140e47518613dba5d257d583f1f9f4ec\" tg-width=\"554\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p>Retail sales grew by 12.4% in May, slightly lower than the market expectation of 12.8% and the previous value of 17.7%.</p><p>In summary, Leverage Games believes that with domestic demand so-so and exports peaking, the crackdown on the real estate market should not be too bad.</p><p><b>5. Whether there will be a liquidity turning point in the United States in the third quarter is worth noting.</b></p><p>Whether it's global housing prices, commodities, or the US stock market, the current surge in asset prices is essentially dominated by liquidity.</p><p>Now the question arises: will there be a turning point in US liquidity in the third quarter? As mentioned above, the Federal Reserve is signaling a reduction in volume, and the interest rate on excess reserves has slightly increased.</p><p><img src=\"https://static.tigerbbs.com/c6a294dbe7d55d78d322cf321fc22590\" tg-width=\"556\" tg-height=\"431\" referrerpolicy=\"no-referrer\"></p><p>Chart Source |<a href=\"https://laohu8.com/S/601878\">Zhejiang Securities</a>(Special thanks)</p><p>The leveraged game in the third quarter believes that the first is a small increase, and the second is a test. At the same time, the last round of actions by the People's Bank of my country has proven that \"self-reliance\" - as long as the United States does not rate hike, the global trend of funds returning to the United States to pursue high returns is unlikely to arrive.</p><p>From this perspective alone, the Chinese stock market is not expected to be bearish in 2021; The real estate market has only shown an exceptionally harsh attitude towards speculation; as mentioned above, it is still needed for economic stability.</p><p>It should be noted that in the third quarter, such as July and August, the Federal Reserve began to formally discuss reducing QE, and began to reduce QE at the end of 2021 or the beginning of 2022, which was basically within market expectations.</p><p>Nevertheless, this is at least a constraint on the monetary policy of any country.</p><p><b>6. Conclusion: The stock market will be largely unaffected by the US market in 2021, while the real estate market will be dominated by the US market.</b>The former, a leveraged game, means not to worry about liquidity.</p><p>What I mean by the latter is that the crackdown on speculation in the real estate market will continue throughout 2021. However, local governments are becoming increasingly sophisticated in their ability to manage the real estate market, and they have always had their own ways to ensure certain prices and sales volumes.</p><p>Besides, the water hasn't decreased.</p>","source":"lsy1574902984297","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>Hawkish signal! With the Federal Reserve gradually changing its tune, what will happen to the real estate and stock markets?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHawkish signal! With the Federal Reserve gradually changing its tune, what will happen to the real estate and stock markets?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">杠杆游戏</strong><span class=\"h-time small\">2021-06-17 21:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Global attention is focused on whether the United States will become rate hike, and when rate hike will become</p><p>On June 16 local time, the Federal Reserve released its economic forecast and policy statement. The Federal Reserve raised its forecasts for the U.S. economy and inflation in 2021, respectively. The dot plot released together showed that more than half of FOMC members gave expectations for rate hike ahead of schedule, with the median forecast suggesting that the Fed will rate hike twice before 2023.</p><p>Interest rates may rise from 0.1% to 0.6%.</p><p><img src=\"https://static.tigerbbs.com/d41cae1274b855b1881c45df621f92f1\" tg-width=\"650\" tg-height=\"248\" referrerpolicy=\"no-referrer\"></p><p>Overall, the Federal Reserve's concerns about prices have increased, and hawkish signals are beginning to emerge. What impact will this have on my country's stock and real estate markets? Leverage Games will discuss this based on the details of this interest rate meeting.</p><p><b>1. Hawkish turning signals deserve attention!</b></p><p>Thirteen of the 18 committee members support holding at least one rate hike by the end of 2023. The Federal Reserve is relatively confident in the U.S. economy, believing that U.S. GDP will grow by 7.0% in 2021, compared to the forecast of 6.5% at its March meeting.</p><p>The Federal Reserve also raised its real GDP forecast for 2023 to 2.4% from the previous expectation of 2.2%. With the relatively good economic recovery, price and monetary policy issues naturally arise.</p><p><img src=\"https://static.tigerbbs.com/66259bd1ce43d9289e0638c6cb914df7\" tg-width=\"650\" tg-height=\"257\" referrerpolicy=\"no-referrer\"></p><p>Huatai Futures conducted a survey, which they found very meaningful and expressed their gratitude.</p><p>The rate hike path dot plot by Federal Reserve officials shows that the Fed may rate hike twice by the end of 2023.</p><p>The June dot plot of the FOMC (Federal Open Market Committee) showed that 13 of the 18 members supported at least one rate hike by the end of 2023, compared to 7 in March.</p><p><img src=\"https://static.tigerbbs.com/13dc861d49dae295f65371658fe551af\" tg-width=\"528\" tg-height=\"540\" referrerpolicy=\"no-referrer\"></p><p>Chart Source |<a href=\"https://laohu8.com/S/000686\">Northeast Securities</a>(Special thanks)</p><p>Eleven committee members are expected to hold at least two rate hike by the end of 2023, and seven committee members are expected to begin their rate hike in 2022. There were four in March.</p><p>The median dot plot forecast in March suggests that rate hike will not occur before the end of 2023.</p><p><b>2. Federal Reserve Chairman Jerome Powell generally believes that it is too early to discuss rate hike. The key question is why?</b></p><p>Of course, the Federal Reserve is preparing to adjust the excess reserve rate (IOER) from 0.1% to 0.15%, which means that the Fed is actually taking appropriate action in the face of excess liquidity.</p><p>However, it has been made clear that it will continue to increase its holdings of at least $80 billion in Treasury Bond and at least $40 billion in mortgage-backed securities each month until substantial progress is made on the goals of full employment and price stability.</p><p>The leverage game needs to be added here: what constitutes the goals of full employment and price stability?</p><p>For example, the United States added 278,000 and 559,000 non-farm payrolls in April and May respectively, both lower than expected. Compared to the level before the black swan event, employment still decreased by about 7.6 million in May.</p><p><img src=\"https://static.tigerbbs.com/8c8c7ecd06543dcd0ded387b77673869\" tg-width=\"832\" tg-height=\"343\" referrerpolicy=\"no-referrer\"></p><p>Chart source: Northeast Securities (with special thanks)</p><p>The Federal Reserve expects the unemployment rate to fall to 4.5% in 2021 (unchanged from its March forecast), and to 3.8% and 3.5% in 2022 and 2023, respectively—returning to a very low level is roughly acceptable.</p><p>Meanwhile, Powell believes that inflation is likely to remain high for the next few months before easing—price indicators should be considered adequate.</p><p>So my conclusion is that what Americans care about is the economy, or simply put, employment indicators.</p><p><b>3. The normalization of US monetary policy may accelerate and deserves attention, but the stock market should be safe for the time being.</b></p><p>Judging from the changes in the number of Federal Reserve members' attitudes towards rate hike mentioned above, it can be basically concluded that the pace of rate hike has accelerated significantly compared to before.</p><p>Although there is no signal from rate hike yet, an early arrival is possible. Meanwhile, Powell is already preparing to discuss tapering bond purchases, indicating a clear hawkish stance. Therefore, the US dollar will have support in the short term, and the RMB exchange rate will likely fluctuate.</p><p>However, liquidity between China and the US is generally loose. For example, our M2 reached 227.54 trillion yuan at the end of May, a year-on-year increase of 8.3%, 0.2 percentage points higher than the end of the previous month.</p><p>At the same time, both the central banks of China and the United States have relatively thorough and transparent communication with the market, and neither will experience a sudden shift in monetary policy.</p><p>Therefore, the stock market will generally not panic, and a trend decline will not occur.</p><p><b>4. Domestic demand is still somewhat weak, while external demand supports high production prosperity. Real estate and investment cannot be too cool at this time.</b></p><p>June 16th was a very interesting day. The United States announced part of its interest rate meeting statement, and we released a number of economic indicators.</p><p>We can see that industrial production has actually weakened slightly, while external demand remains an important support.</p><p>According to statistics from ShouChuang Securities, for example, the average two-year growth rate of the added value of industrial enterprises above designated size in May was 6.6%, a slight decrease of 0.2 percentage points from the previous value.</p><p><img src=\"https://static.tigerbbs.com/d083afd587e6aa1242d24c96c4ad505e\" tg-width=\"477\" tg-height=\"545\" referrerpolicy=\"no-referrer\"></p><p>Chart source | First Capital Securities (with special thanks)</p><p>The compound annual growth rate of export delivery value has slowed significantly, echoing the sharp decline in exports in May, but without the high growth in exports, industrial data would have declined even more.</p><p>Overall, with external demand peaking and declining, it is certain that production and exports will have a slight impact in the future.</p><p>In terms of fixed asset investment, it increased by 15.4% year-on-year. However, the area of new housing starts has experienced negative growth for two consecutive months, while the area of completed housing has accelerated significantly this month, turning positive year-on-year to 5.0%. Real estate investment still has support in the short term, but there is some pressure in the long term.</p><p>Meanwhile, with the strengthening of debt management, a decline in fixed investment is highly likely.</p><p><img src=\"https://static.tigerbbs.com/140e47518613dba5d257d583f1f9f4ec\" tg-width=\"554\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p>Retail sales grew by 12.4% in May, slightly lower than the market expectation of 12.8% and the previous value of 17.7%.</p><p>In summary, Leverage Games believes that with domestic demand so-so and exports peaking, the crackdown on the real estate market should not be too bad.</p><p><b>5. Whether there will be a liquidity turning point in the United States in the third quarter is worth noting.</b></p><p>Whether it's global housing prices, commodities, or the US stock market, the current surge in asset prices is essentially dominated by liquidity.</p><p>Now the question arises: will there be a turning point in US liquidity in the third quarter? As mentioned above, the Federal Reserve is signaling a reduction in volume, and the interest rate on excess reserves has slightly increased.</p><p><img src=\"https://static.tigerbbs.com/c6a294dbe7d55d78d322cf321fc22590\" tg-width=\"556\" tg-height=\"431\" referrerpolicy=\"no-referrer\"></p><p>Chart Source |<a href=\"https://laohu8.com/S/601878\">Zhejiang Securities</a>(Special thanks)</p><p>The leveraged game in the third quarter believes that the first is a small increase, and the second is a test. At the same time, the last round of actions by the People's Bank of my country has proven that \"self-reliance\" - as long as the United States does not rate hike, the global trend of funds returning to the United States to pursue high returns is unlikely to arrive.</p><p>From this perspective alone, the Chinese stock market is not expected to be bearish in 2021; The real estate market has only shown an exceptionally harsh attitude towards speculation; as mentioned above, it is still needed for economic stability.</p><p>It should be noted that in the third quarter, such as July and August, the Federal Reserve began to formally discuss reducing QE, and began to reduce QE at the end of 2021 or the beginning of 2022, which was basically within market expectations.</p><p>Nevertheless, this is at least a constraint on the monetary policy of any country.</p><p><b>6. Conclusion: The stock market will be largely unaffected by the US market in 2021, while the real estate market will be dominated by the US market.</b>The former, a leveraged game, means not to worry about liquidity.</p><p>What I mean by the latter is that the crackdown on speculation in the real estate market will continue throughout 2021. However, local governments are becoming increasingly sophisticated in their ability to manage the real estate market, and they have always had their own ways to ensure certain prices and sales volumes.</p><p>Besides, the water hasn't decreased.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/yTYYzzbQ08ymsKDOuBB5dw\">杠杆游戏</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f09c44f289c2f0d40610768fe6661fab","relate_stocks":{"513500":"标普500ETF博时","SDOW":"三倍做空道指30ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares","DJX":"1/100道琼斯","OEF":"标普100指数ETF-iShares","IVV":"标普500ETF-iShares",".IXIC":"NASDAQ Composite","QQQ":"纳指100ETF","UDOW":"三倍做多道指30ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares","DOG":"道指ETF-ProShares做空",".DJI":"道琼斯","PSQ":"做空纳斯达克100指数ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares","TQQQ":"纳指三倍做多ETF","SPY":"标普500ETF","OEX":"标普100"},"source_url":"https://mp.weixin.qq.com/s/yTYYzzbQ08ymsKDOuBB5dw","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111690771","content_text":"全球瞩目，美国是否加息，何时加息？\n当地时间6月16日，美联储发布经济预测和政策声明。美联储分别上调了对2021年的美国经济及通胀预期，而一同公布的点阵图则显示，有超过半数的FOMC委员给出了提前加息的预期，中位数预测暗示，美联储将在2023年前加息2次。\n利率或从0.1%升至0.6%。\n\n总体来说，美联储对物价的担忧提高，鹰派信号初现。这对我国股市、楼市会有什么影响，杠杆游戏根据此次议息会议的细节，展开谈一谈。\n1、鹰派转向信号值得重视！\n18位委员中有13人支持在2023年底前，至少加息1次。美联储对美国经济比较有信心，他们认为2021年美国GDP将增长7.0%，而3月份会议的预测为6.5%。\n美联储还将2023年的实际GDP预测，从之前预期的2.2%上调至2.4%。伴随经济的较好复苏，物价和货币政策问题自然来了。\n\n华泰期货做了一个统计，杠杆游戏觉得非常有意义，并致谢。\n美联储官员的加息路径点阵图显示，到2023年底，美联储或许将加息2次。\nFOMC（美联储的公开市场委员会）6月点阵图显示，18 位委员中有13人支持在2023 年底前至少加息1次，而3月为7位。\n\n图表来源|东北证券（特此感谢）\n11位委员预计到2023年底至少加息2次，7名委员预计在2022年开始加息。3月为4位。\n而3月份的点阵图中位数预测值暗示，到2023年底前不会加息。\n2、美联储主席鲍威尔总体认为，现在讨论加息还为时过早，关键是为什么？\n当然，美联储准备将超额准备金利率（IOER）从0.1%，调整至0.15%，也就是说，面对流动性过剩，美联储其实也在适当出手。\n不过说得很清楚，将继续每月增持至少800亿美元的国债，以及至少400亿美元的住房抵押贷款支持证券，直到充分就业和物价稳定目标取得实质性进展。\n这里杠杆游戏要多一句嘴，什么算充分就业和物价稳定目标？\n比如美国4月、5月新增非农就业人口分别为27.8万和55.9万，均低于预期。与黑天鹅前水平相比，5月就业人数依然减少了约760万。\n\n图表来源|东北证券（特此感谢）\n美联储预计2021年失业率将降至4.5%（与3月的预测持平），2022年和2023年失业率将分别降至3.8%和3.5%——到此，回到非常低的水平，大概算是合格；\n同时鲍威尔认为通货膨胀可能在未来几个月继续居高不下，然后才会有所缓和——物价指标应该算达标。\n所以，我的结论就是，美国人在乎的是经济，简单说就是就业指标。\n3、美国货币政策正常化可能加快，值得重视，但股市应该暂时无忧。\n从上文美联储委员对加息的态度人数变化看，杠杆游戏基本可以认为，加息节奏较此前大大加快。\n虽然目前还没有加息的信号，但提前到来是可能的。同时，鲍威尔已经准备讨论缩减购债，鹰派显露无疑，那么美元短期内有支撑，人民币汇率震荡为主。\n但因为中美流动性总体宽松。如我们的M2，5月末227.54万亿元，同比增长8.3%，增速比上月末高0.2个百分点。\n同时无论中美央行，与市场的沟通都较为充分、透明，谁都不会货币政策突然转向。\n所以股市总体不会恐慌，趋势性下跌不会出现。\n4、内需还是有点弱，外需支撑生产高景气，房地产和投资这个时候不能太凉。\n6月16日是很有意思的一天，美国通报他们的议息会议部分声明，我们发布了多项经济指标。\n我们可以看，工业生产其实略走弱，外需仍是重要支撑。\n首创证券统计发现，比如5月规上工业增加值两年平均增速为6.6%，较前值略降0.2个百分点。\n\n图表来源|首创证券（特此感谢）\n出口交货值复合增速有较大回落，与5月出口大幅回落相呼应，但如果没有出口的高增长，工业数据会下滑更多。\n总体来说，外需见顶回落，生产和出口下一步略有影响是一定的。\n而固投方面，同比增长15.4%。但房屋新开工面积连续两个月负增长，竣工面积本月大幅提速，同比转正为5.0%，短期内房地产投资仍有支撑，长期存在一定的压力。\n同时债务管理的加强，固定投资的回落大概率。\n\n5月社零销售增长12.4%，小幅低于市场预期的12.8%，前值为17.7%。\n总的来说，杠杆游戏认为，内需马马虎虎，出口见顶，那么，房地产打压归打压，不能搞得太难看。\n5、三季度美国是否有流动性拐点，值得注意。\n无论全球房价，还是大宗商品，以及美国股市，资产价格大涨本质这一轮都是流动性主导的。\n现在问题来了，三季度美国流动性是否有拐点？上文杠杆游戏写了，美联储有缩量的信号，超额准备金利率略有提高。\n\n图表来源|浙商证券（特此感谢）\n3季度杠杆游戏认为，第一幅度小，第二是个试探，同时我国央行上一轮的出牌已经证明，“以我为主”——只要美国不加息，资金回美追求高收益的世界趋势，应该不会到来。\n单这个角度说，2021年，我国股市不至于看空；楼市，只是对投机表现出异常严厉的态度，如上所述，经济的稳定还需要它。\n需要注意的是，3季度，比如7、8月，美联储始正式讨论削减QE，2021年底或2022年初开始削减QE，这些基本已在市场预期内。\n尽管如此，这对任何国家的货币政策，起码都是掣肘。\n6、结论：2021年股市基本不会受美国影响，楼市以我为主。前者杠杆游戏的意思是，不要担心流动性。\n后者我的意思是，楼市打击投机，将贯穿2021年始终。但地方对楼市的操盘能力，也是越来越纯熟，保障一定的价格和销量，从来都有自己办法。\n何况，水又没减少。","news_type":1,"symbols_score_info":{"513500":0.9,"NQmain":0.9,".DJI":0.9,"MNQmain":0.9,"ESmain":0.9,".IXIC":0.9,"OEF":0.9,"OEX":0.9,"TQQQ":0.9,"DJX":0.9,"QQQ":0.9,"QID":0.9,"UDOW":0.9,"PSQ":0.9,"IVV":0.9,"SPY":0.9,"SDS":0.9,"QLD":0.9,"SDOW":0.9,"DOG":0.9}},"isVote":1,"tweetType":1,"viewCount":1798,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9096023919,"gmtCreate":1644271912415,"gmtModify":1676533905636,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"title":"","htmlText":"pls 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like","listText":"Pls like","text":"Pls like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9096023679","repostId":"1186876974","repostType":4,"repost":{"id":"1186876974","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1644245081,"share":"https://ttm.financial/m/news/1186876974?lang=en_US&edition=fundamental","pubTime":"2022-02-07 22:44","market":"us","language":"en","title":"EV Stocks Rose in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1186876974","media":"Tiger Newspress","summary":"EV stocks rose in morning trading, with Tesla, Rivian, NIO, Xpeng, Fisker and Arrival rising from 2 ","content":"<html><head></head><body><p>EV stocks rose in morning trading, with Tesla, Rivian, NIO, Xpeng, Fisker and Arrival rising from 2 to 4%.<img src=\"https://static.tigerbbs.com/7a9d27c437985a03bc85e29abf014cd3\" tg-width=\"382\" tg-height=\"517\" referrerpolicy=\"no-referrer\"/></p></body></html>","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>EV Stocks Rose in Morning Trading</title>\n<style 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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\">\nEV Stocks Rose in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-02-07 22:44</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>EV stocks rose in morning trading, with Tesla, Rivian, NIO, Xpeng, Fisker and Arrival rising from 2 to 4%.<img src=\"https://static.tigerbbs.com/7a9d27c437985a03bc85e29abf014cd3\" tg-width=\"382\" tg-height=\"517\" referrerpolicy=\"no-referrer\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","RIVN":"Rivian Automotive, Inc.","NIO":"蔚来"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186876974","content_text":"EV stocks rose in morning trading, with Tesla, Rivian, NIO, Xpeng, Fisker and Arrival rising from 2 to 4%.","news_type":1,"symbols_score_info":{"TSLA":0.9,"NIO":0.9,"RIVN":0.9}},"isVote":1,"tweetType":1,"viewCount":6312,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353744430,"gmtCreate":1616542208820,"gmtModify":1704795368007,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"title":"","htmlText":"Like!&nbsp;","listText":"Like!&nbsp;","text":"Like!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/353744430","repostId":"1183411541","repostType":4,"isVote":1,"tweetType":1,"viewCount":1146,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9095315255,"gmtCreate":1644822888964,"gmtModify":1676533965251,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9095315255","repostId":"1179055183","repostType":4,"isVote":1,"tweetType":1,"viewCount":6494,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150245969,"gmtCreate":1624918330551,"gmtModify":1703847693595,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/150245969","repostId":"1189694806","repostType":4,"repost":{"id":"1189694806","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624894784,"share":"https://ttm.financial/m/news/1189694806?lang=en_US&edition=fundamental","pubTime":"2021-06-28 23:39","market":"us","language":"zh","title":"[Focus] Emerging electric vehicle manufacturers experience a complete surge, with Nio Motor Company rising 9%.","url":"https://stock-news.laohu8.com/highlight/detail?id=1189694806","media":"老虎资讯综合","summary":"6月28日，中概新能源车股持续走高，蔚来涨9%，理想汽车涨超7%，小鹏汽车涨超6%。","content":"<p>On June 28, Chinese concept stocks in the new energy vehicle market continued to rise.<a href=\"https://laohu8.com/S/NIO\">Nio</a>Up 9%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>It rose more than 7%.<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>It rose more than 6%.</p><p><img src=\"https://static.tigerbbs.com/51155eb57192c0b7db9dad0dfa6326f3\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></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>[Focus] Emerging electric vehicle manufacturers experience a complete surge, with Nio Motor Company rising 9%.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n[Focus] Emerging electric vehicle manufacturers experience a complete surge, with Nio Motor Company rising 9%.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-28 23:39</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On June 28, Chinese concept stocks in the new energy vehicle market continued to rise.<a href=\"https://laohu8.com/S/NIO\">Nio</a>Up 9%,<a href=\"https://laohu8.com/S/LI\">Li Auto</a>It rose more than 7%.<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>It rose more than 6%.</p><p><img src=\"https://static.tigerbbs.com/51155eb57192c0b7db9dad0dfa6326f3\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1f36b37eb8e9efe8641c7be55a7da26d","relate_stocks":{"LI":"理想汽车","NIO":"蔚来"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189694806","content_text":"6月28日，中概新能源车股持续走高，蔚来涨9%，理想汽车涨超7%，小鹏汽车涨超6%。","news_type":1,"symbols_score_info":{"LI":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":2142,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168150787,"gmtCreate":1623967707549,"gmtModify":1703824732189,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"title":"","htmlText":"666 ?&nbsp;","listText":"666 ?&nbsp;","text":"666 ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/168150787","repostId":"1111690771","repostType":4,"repost":{"id":"1111690771","kind":"news","pubTimestamp":1623935139,"share":"https://ttm.financial/m/news/1111690771?lang=en_US&edition=fundamental","pubTime":"2021-06-17 21:05","market":"us","language":"zh","title":"Hawkish signal! With the Federal Reserve gradually changing its tune, what will happen to the real estate and stock markets?","url":"https://stock-news.laohu8.com/highlight/detail?id=1111690771","media":"杠杆游戏","summary":"全球瞩目，美国是否加息，何时加息？\n当地时间6月16日，美联储发布经济预测和政策声明。美联储分别上调了对2021年的美国经济及通胀预期，而一同公布的点阵图则显示，有超过半数的FOMC委员给出了提前加息","content":"<p>Global attention is focused on whether the United States will become rate hike, and when rate hike will become</p><p>On June 16 local time, the Federal Reserve released its economic forecast and policy statement. The Federal Reserve raised its forecasts for the U.S. economy and inflation in 2021, respectively. The dot plot released together showed that more than half of FOMC members gave expectations for rate hike ahead of schedule, with the median forecast suggesting that the Fed will rate hike twice before 2023.</p><p>Interest rates may rise from 0.1% to 0.6%.</p><p><img src=\"https://static.tigerbbs.com/d41cae1274b855b1881c45df621f92f1\" tg-width=\"650\" tg-height=\"248\" referrerpolicy=\"no-referrer\"></p><p>Overall, the Federal Reserve's concerns about prices have increased, and hawkish signals are beginning to emerge. What impact will this have on my country's stock and real estate markets? Leverage Games will discuss this based on the details of this interest rate meeting.</p><p><b>1. Hawkish turning signals deserve attention!</b></p><p>Thirteen of the 18 committee members support holding at least one rate hike by the end of 2023. The Federal Reserve is relatively confident in the U.S. economy, believing that U.S. GDP will grow by 7.0% in 2021, compared to the forecast of 6.5% at its March meeting.</p><p>The Federal Reserve also raised its real GDP forecast for 2023 to 2.4% from the previous expectation of 2.2%. With the relatively good economic recovery, price and monetary policy issues naturally arise.</p><p><img src=\"https://static.tigerbbs.com/66259bd1ce43d9289e0638c6cb914df7\" tg-width=\"650\" tg-height=\"257\" referrerpolicy=\"no-referrer\"></p><p>Huatai Futures conducted a survey, which they found very meaningful and expressed their gratitude.</p><p>The rate hike path dot plot by Federal Reserve officials shows that the Fed may rate hike twice by the end of 2023.</p><p>The June dot plot of the FOMC (Federal Open Market Committee) showed that 13 of the 18 members supported at least one rate hike by the end of 2023, compared to 7 in March.</p><p><img src=\"https://static.tigerbbs.com/13dc861d49dae295f65371658fe551af\" tg-width=\"528\" tg-height=\"540\" referrerpolicy=\"no-referrer\"></p><p>Chart Source |<a href=\"https://laohu8.com/S/000686\">Northeast Securities</a>(Special thanks)</p><p>Eleven committee members are expected to hold at least two rate hike by the end of 2023, and seven committee members are expected to begin their rate hike in 2022. There were four in March.</p><p>The median dot plot forecast in March suggests that rate hike will not occur before the end of 2023.</p><p><b>2. Federal Reserve Chairman Jerome Powell generally believes that it is too early to discuss rate hike. The key question is why?</b></p><p>Of course, the Federal Reserve is preparing to adjust the excess reserve rate (IOER) from 0.1% to 0.15%, which means that the Fed is actually taking appropriate action in the face of excess liquidity.</p><p>However, it has been made clear that it will continue to increase its holdings of at least $80 billion in Treasury Bond and at least $40 billion in mortgage-backed securities each month until substantial progress is made on the goals of full employment and price stability.</p><p>The leverage game needs to be added here: what constitutes the goals of full employment and price stability?</p><p>For example, the United States added 278,000 and 559,000 non-farm payrolls in April and May respectively, both lower than expected. Compared to the level before the black swan event, employment still decreased by about 7.6 million in May.</p><p><img src=\"https://static.tigerbbs.com/8c8c7ecd06543dcd0ded387b77673869\" tg-width=\"832\" tg-height=\"343\" referrerpolicy=\"no-referrer\"></p><p>Chart source: Northeast Securities (with special thanks)</p><p>The Federal Reserve expects the unemployment rate to fall to 4.5% in 2021 (unchanged from its March forecast), and to 3.8% and 3.5% in 2022 and 2023, respectively—returning to a very low level is roughly acceptable.</p><p>Meanwhile, Powell believes that inflation is likely to remain high for the next few months before easing—price indicators should be considered adequate.</p><p>So my conclusion is that what Americans care about is the economy, or simply put, employment indicators.</p><p><b>3. The normalization of US monetary policy may accelerate and deserves attention, but the stock market should be safe for the time being.</b></p><p>Judging from the changes in the number of Federal Reserve members' attitudes towards rate hike mentioned above, it can be basically concluded that the pace of rate hike has accelerated significantly compared to before.</p><p>Although there is no signal from rate hike yet, an early arrival is possible. Meanwhile, Powell is already preparing to discuss tapering bond purchases, indicating a clear hawkish stance. Therefore, the US dollar will have support in the short term, and the RMB exchange rate will likely fluctuate.</p><p>However, liquidity between China and the US is generally loose. For example, our M2 reached 227.54 trillion yuan at the end of May, a year-on-year increase of 8.3%, 0.2 percentage points higher than the end of the previous month.</p><p>At the same time, both the central banks of China and the United States have relatively thorough and transparent communication with the market, and neither will experience a sudden shift in monetary policy.</p><p>Therefore, the stock market will generally not panic, and a trend decline will not occur.</p><p><b>4. Domestic demand is still somewhat weak, while external demand supports high production prosperity. Real estate and investment cannot be too cool at this time.</b></p><p>June 16th was a very interesting day. The United States announced part of its interest rate meeting statement, and we released a number of economic indicators.</p><p>We can see that industrial production has actually weakened slightly, while external demand remains an important support.</p><p>According to statistics from ShouChuang Securities, for example, the average two-year growth rate of the added value of industrial enterprises above designated size in May was 6.6%, a slight decrease of 0.2 percentage points from the previous value.</p><p><img src=\"https://static.tigerbbs.com/d083afd587e6aa1242d24c96c4ad505e\" tg-width=\"477\" tg-height=\"545\" referrerpolicy=\"no-referrer\"></p><p>Chart source | First Capital Securities (with special thanks)</p><p>The compound annual growth rate of export delivery value has slowed significantly, echoing the sharp decline in exports in May, but without the high growth in exports, industrial data would have declined even more.</p><p>Overall, with external demand peaking and declining, it is certain that production and exports will have a slight impact in the future.</p><p>In terms of fixed asset investment, it increased by 15.4% year-on-year. However, the area of new housing starts has experienced negative growth for two consecutive months, while the area of completed housing has accelerated significantly this month, turning positive year-on-year to 5.0%. Real estate investment still has support in the short term, but there is some pressure in the long term.</p><p>Meanwhile, with the strengthening of debt management, a decline in fixed investment is highly likely.</p><p><img src=\"https://static.tigerbbs.com/140e47518613dba5d257d583f1f9f4ec\" tg-width=\"554\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p>Retail sales grew by 12.4% in May, slightly lower than the market expectation of 12.8% and the previous value of 17.7%.</p><p>In summary, Leverage Games believes that with domestic demand so-so and exports peaking, the crackdown on the real estate market should not be too bad.</p><p><b>5. Whether there will be a liquidity turning point in the United States in the third quarter is worth noting.</b></p><p>Whether it's global housing prices, commodities, or the US stock market, the current surge in asset prices is essentially dominated by liquidity.</p><p>Now the question arises: will there be a turning point in US liquidity in the third quarter? As mentioned above, the Federal Reserve is signaling a reduction in volume, and the interest rate on excess reserves has slightly increased.</p><p><img src=\"https://static.tigerbbs.com/c6a294dbe7d55d78d322cf321fc22590\" tg-width=\"556\" tg-height=\"431\" referrerpolicy=\"no-referrer\"></p><p>Chart Source |<a href=\"https://laohu8.com/S/601878\">Zhejiang Securities</a>(Special thanks)</p><p>The leveraged game in the third quarter believes that the first is a small increase, and the second is a test. At the same time, the last round of actions by the People's Bank of my country has proven that \"self-reliance\" - as long as the United States does not rate hike, the global trend of funds returning to the United States to pursue high returns is unlikely to arrive.</p><p>From this perspective alone, the Chinese stock market is not expected to be bearish in 2021; The real estate market has only shown an exceptionally harsh attitude towards speculation; as mentioned above, it is still needed for economic stability.</p><p>It should be noted that in the third quarter, such as July and August, the Federal Reserve began to formally discuss reducing QE, and began to reduce QE at the end of 2021 or the beginning of 2022, which was basically within market expectations.</p><p>Nevertheless, this is at least a constraint on the monetary policy of any country.</p><p><b>6. Conclusion: The stock market will be largely unaffected by the US market in 2021, while the real estate market will be dominated by the US market.</b>The former, a leveraged game, means not to worry about liquidity.</p><p>What I mean by the latter is that the crackdown on speculation in the real estate market will continue throughout 2021. However, local governments are becoming increasingly sophisticated in their ability to manage the real estate market, and they have always had their own ways to ensure certain prices and sales volumes.</p><p>Besides, the water hasn't decreased.</p>","source":"lsy1574902984297","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>Hawkish signal! With the Federal Reserve gradually changing its tune, what will happen to the real estate and stock markets?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHawkish signal! With the Federal Reserve gradually changing its tune, what will happen to the real estate and stock markets?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">杠杆游戏</strong><span class=\"h-time small\">2021-06-17 21:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Global attention is focused on whether the United States will become rate hike, and when rate hike will become</p><p>On June 16 local time, the Federal Reserve released its economic forecast and policy statement. The Federal Reserve raised its forecasts for the U.S. economy and inflation in 2021, respectively. The dot plot released together showed that more than half of FOMC members gave expectations for rate hike ahead of schedule, with the median forecast suggesting that the Fed will rate hike twice before 2023.</p><p>Interest rates may rise from 0.1% to 0.6%.</p><p><img src=\"https://static.tigerbbs.com/d41cae1274b855b1881c45df621f92f1\" tg-width=\"650\" tg-height=\"248\" referrerpolicy=\"no-referrer\"></p><p>Overall, the Federal Reserve's concerns about prices have increased, and hawkish signals are beginning to emerge. What impact will this have on my country's stock and real estate markets? Leverage Games will discuss this based on the details of this interest rate meeting.</p><p><b>1. Hawkish turning signals deserve attention!</b></p><p>Thirteen of the 18 committee members support holding at least one rate hike by the end of 2023. The Federal Reserve is relatively confident in the U.S. economy, believing that U.S. GDP will grow by 7.0% in 2021, compared to the forecast of 6.5% at its March meeting.</p><p>The Federal Reserve also raised its real GDP forecast for 2023 to 2.4% from the previous expectation of 2.2%. With the relatively good economic recovery, price and monetary policy issues naturally arise.</p><p><img src=\"https://static.tigerbbs.com/66259bd1ce43d9289e0638c6cb914df7\" tg-width=\"650\" tg-height=\"257\" referrerpolicy=\"no-referrer\"></p><p>Huatai Futures conducted a survey, which they found very meaningful and expressed their gratitude.</p><p>The rate hike path dot plot by Federal Reserve officials shows that the Fed may rate hike twice by the end of 2023.</p><p>The June dot plot of the FOMC (Federal Open Market Committee) showed that 13 of the 18 members supported at least one rate hike by the end of 2023, compared to 7 in March.</p><p><img src=\"https://static.tigerbbs.com/13dc861d49dae295f65371658fe551af\" tg-width=\"528\" tg-height=\"540\" referrerpolicy=\"no-referrer\"></p><p>Chart Source |<a href=\"https://laohu8.com/S/000686\">Northeast Securities</a>(Special thanks)</p><p>Eleven committee members are expected to hold at least two rate hike by the end of 2023, and seven committee members are expected to begin their rate hike in 2022. There were four in March.</p><p>The median dot plot forecast in March suggests that rate hike will not occur before the end of 2023.</p><p><b>2. Federal Reserve Chairman Jerome Powell generally believes that it is too early to discuss rate hike. The key question is why?</b></p><p>Of course, the Federal Reserve is preparing to adjust the excess reserve rate (IOER) from 0.1% to 0.15%, which means that the Fed is actually taking appropriate action in the face of excess liquidity.</p><p>However, it has been made clear that it will continue to increase its holdings of at least $80 billion in Treasury Bond and at least $40 billion in mortgage-backed securities each month until substantial progress is made on the goals of full employment and price stability.</p><p>The leverage game needs to be added here: what constitutes the goals of full employment and price stability?</p><p>For example, the United States added 278,000 and 559,000 non-farm payrolls in April and May respectively, both lower than expected. Compared to the level before the black swan event, employment still decreased by about 7.6 million in May.</p><p><img src=\"https://static.tigerbbs.com/8c8c7ecd06543dcd0ded387b77673869\" tg-width=\"832\" tg-height=\"343\" referrerpolicy=\"no-referrer\"></p><p>Chart source: Northeast Securities (with special thanks)</p><p>The Federal Reserve expects the unemployment rate to fall to 4.5% in 2021 (unchanged from its March forecast), and to 3.8% and 3.5% in 2022 and 2023, respectively—returning to a very low level is roughly acceptable.</p><p>Meanwhile, Powell believes that inflation is likely to remain high for the next few months before easing—price indicators should be considered adequate.</p><p>So my conclusion is that what Americans care about is the economy, or simply put, employment indicators.</p><p><b>3. The normalization of US monetary policy may accelerate and deserves attention, but the stock market should be safe for the time being.</b></p><p>Judging from the changes in the number of Federal Reserve members' attitudes towards rate hike mentioned above, it can be basically concluded that the pace of rate hike has accelerated significantly compared to before.</p><p>Although there is no signal from rate hike yet, an early arrival is possible. Meanwhile, Powell is already preparing to discuss tapering bond purchases, indicating a clear hawkish stance. Therefore, the US dollar will have support in the short term, and the RMB exchange rate will likely fluctuate.</p><p>However, liquidity between China and the US is generally loose. For example, our M2 reached 227.54 trillion yuan at the end of May, a year-on-year increase of 8.3%, 0.2 percentage points higher than the end of the previous month.</p><p>At the same time, both the central banks of China and the United States have relatively thorough and transparent communication with the market, and neither will experience a sudden shift in monetary policy.</p><p>Therefore, the stock market will generally not panic, and a trend decline will not occur.</p><p><b>4. Domestic demand is still somewhat weak, while external demand supports high production prosperity. Real estate and investment cannot be too cool at this time.</b></p><p>June 16th was a very interesting day. The United States announced part of its interest rate meeting statement, and we released a number of economic indicators.</p><p>We can see that industrial production has actually weakened slightly, while external demand remains an important support.</p><p>According to statistics from ShouChuang Securities, for example, the average two-year growth rate of the added value of industrial enterprises above designated size in May was 6.6%, a slight decrease of 0.2 percentage points from the previous value.</p><p><img src=\"https://static.tigerbbs.com/d083afd587e6aa1242d24c96c4ad505e\" tg-width=\"477\" tg-height=\"545\" referrerpolicy=\"no-referrer\"></p><p>Chart source | First Capital Securities (with special thanks)</p><p>The compound annual growth rate of export delivery value has slowed significantly, echoing the sharp decline in exports in May, but without the high growth in exports, industrial data would have declined even more.</p><p>Overall, with external demand peaking and declining, it is certain that production and exports will have a slight impact in the future.</p><p>In terms of fixed asset investment, it increased by 15.4% year-on-year. However, the area of new housing starts has experienced negative growth for two consecutive months, while the area of completed housing has accelerated significantly this month, turning positive year-on-year to 5.0%. Real estate investment still has support in the short term, but there is some pressure in the long term.</p><p>Meanwhile, with the strengthening of debt management, a decline in fixed investment is highly likely.</p><p><img src=\"https://static.tigerbbs.com/140e47518613dba5d257d583f1f9f4ec\" tg-width=\"554\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p>Retail sales grew by 12.4% in May, slightly lower than the market expectation of 12.8% and the previous value of 17.7%.</p><p>In summary, Leverage Games believes that with domestic demand so-so and exports peaking, the crackdown on the real estate market should not be too bad.</p><p><b>5. Whether there will be a liquidity turning point in the United States in the third quarter is worth noting.</b></p><p>Whether it's global housing prices, commodities, or the US stock market, the current surge in asset prices is essentially dominated by liquidity.</p><p>Now the question arises: will there be a turning point in US liquidity in the third quarter? As mentioned above, the Federal Reserve is signaling a reduction in volume, and the interest rate on excess reserves has slightly increased.</p><p><img src=\"https://static.tigerbbs.com/c6a294dbe7d55d78d322cf321fc22590\" tg-width=\"556\" tg-height=\"431\" referrerpolicy=\"no-referrer\"></p><p>Chart Source |<a href=\"https://laohu8.com/S/601878\">Zhejiang Securities</a>(Special thanks)</p><p>The leveraged game in the third quarter believes that the first is a small increase, and the second is a test. At the same time, the last round of actions by the People's Bank of my country has proven that \"self-reliance\" - as long as the United States does not rate hike, the global trend of funds returning to the United States to pursue high returns is unlikely to arrive.</p><p>From this perspective alone, the Chinese stock market is not expected to be bearish in 2021; The real estate market has only shown an exceptionally harsh attitude towards speculation; as mentioned above, it is still needed for economic stability.</p><p>It should be noted that in the third quarter, such as July and August, the Federal Reserve began to formally discuss reducing QE, and began to reduce QE at the end of 2021 or the beginning of 2022, which was basically within market expectations.</p><p>Nevertheless, this is at least a constraint on the monetary policy of any country.</p><p><b>6. Conclusion: The stock market will be largely unaffected by the US market in 2021, while the real estate market will be dominated by the US market.</b>The former, a leveraged game, means not to worry about liquidity.</p><p>What I mean by the latter is that the crackdown on speculation in the real estate market will continue throughout 2021. However, local governments are becoming increasingly sophisticated in their ability to manage the real estate market, and they have always had their own ways to ensure certain prices and sales volumes.</p><p>Besides, the water hasn't decreased.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/yTYYzzbQ08ymsKDOuBB5dw\">杠杆游戏</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f09c44f289c2f0d40610768fe6661fab","relate_stocks":{"513500":"标普500ETF博时","SDOW":"三倍做空道指30ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares","DJX":"1/100道琼斯","OEF":"标普100指数ETF-iShares","IVV":"标普500ETF-iShares",".IXIC":"NASDAQ Composite","QQQ":"纳指100ETF","UDOW":"三倍做多道指30ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares","DOG":"道指ETF-ProShares做空",".DJI":"道琼斯","PSQ":"做空纳斯达克100指数ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares","TQQQ":"纳指三倍做多ETF","SPY":"标普500ETF","OEX":"标普100"},"source_url":"https://mp.weixin.qq.com/s/yTYYzzbQ08ymsKDOuBB5dw","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1111690771","content_text":"全球瞩目，美国是否加息，何时加息？\n当地时间6月16日，美联储发布经济预测和政策声明。美联储分别上调了对2021年的美国经济及通胀预期，而一同公布的点阵图则显示，有超过半数的FOMC委员给出了提前加息的预期，中位数预测暗示，美联储将在2023年前加息2次。\n利率或从0.1%升至0.6%。\n\n总体来说，美联储对物价的担忧提高，鹰派信号初现。这对我国股市、楼市会有什么影响，杠杆游戏根据此次议息会议的细节，展开谈一谈。\n1、鹰派转向信号值得重视！\n18位委员中有13人支持在2023年底前，至少加息1次。美联储对美国经济比较有信心，他们认为2021年美国GDP将增长7.0%，而3月份会议的预测为6.5%。\n美联储还将2023年的实际GDP预测，从之前预期的2.2%上调至2.4%。伴随经济的较好复苏，物价和货币政策问题自然来了。\n\n华泰期货做了一个统计，杠杆游戏觉得非常有意义，并致谢。\n美联储官员的加息路径点阵图显示，到2023年底，美联储或许将加息2次。\nFOMC（美联储的公开市场委员会）6月点阵图显示，18 位委员中有13人支持在2023 年底前至少加息1次，而3月为7位。\n\n图表来源|东北证券（特此感谢）\n11位委员预计到2023年底至少加息2次，7名委员预计在2022年开始加息。3月为4位。\n而3月份的点阵图中位数预测值暗示，到2023年底前不会加息。\n2、美联储主席鲍威尔总体认为，现在讨论加息还为时过早，关键是为什么？\n当然，美联储准备将超额准备金利率（IOER）从0.1%，调整至0.15%，也就是说，面对流动性过剩，美联储其实也在适当出手。\n不过说得很清楚，将继续每月增持至少800亿美元的国债，以及至少400亿美元的住房抵押贷款支持证券，直到充分就业和物价稳定目标取得实质性进展。\n这里杠杆游戏要多一句嘴，什么算充分就业和物价稳定目标？\n比如美国4月、5月新增非农就业人口分别为27.8万和55.9万，均低于预期。与黑天鹅前水平相比，5月就业人数依然减少了约760万。\n\n图表来源|东北证券（特此感谢）\n美联储预计2021年失业率将降至4.5%（与3月的预测持平），2022年和2023年失业率将分别降至3.8%和3.5%——到此，回到非常低的水平，大概算是合格；\n同时鲍威尔认为通货膨胀可能在未来几个月继续居高不下，然后才会有所缓和——物价指标应该算达标。\n所以，我的结论就是，美国人在乎的是经济，简单说就是就业指标。\n3、美国货币政策正常化可能加快，值得重视，但股市应该暂时无忧。\n从上文美联储委员对加息的态度人数变化看，杠杆游戏基本可以认为，加息节奏较此前大大加快。\n虽然目前还没有加息的信号，但提前到来是可能的。同时，鲍威尔已经准备讨论缩减购债，鹰派显露无疑，那么美元短期内有支撑，人民币汇率震荡为主。\n但因为中美流动性总体宽松。如我们的M2，5月末227.54万亿元，同比增长8.3%，增速比上月末高0.2个百分点。\n同时无论中美央行，与市场的沟通都较为充分、透明，谁都不会货币政策突然转向。\n所以股市总体不会恐慌，趋势性下跌不会出现。\n4、内需还是有点弱，外需支撑生产高景气，房地产和投资这个时候不能太凉。\n6月16日是很有意思的一天，美国通报他们的议息会议部分声明，我们发布了多项经济指标。\n我们可以看，工业生产其实略走弱，外需仍是重要支撑。\n首创证券统计发现，比如5月规上工业增加值两年平均增速为6.6%，较前值略降0.2个百分点。\n\n图表来源|首创证券（特此感谢）\n出口交货值复合增速有较大回落，与5月出口大幅回落相呼应，但如果没有出口的高增长，工业数据会下滑更多。\n总体来说，外需见顶回落，生产和出口下一步略有影响是一定的。\n而固投方面，同比增长15.4%。但房屋新开工面积连续两个月负增长，竣工面积本月大幅提速，同比转正为5.0%，短期内房地产投资仍有支撑，长期存在一定的压力。\n同时债务管理的加强，固定投资的回落大概率。\n\n5月社零销售增长12.4%，小幅低于市场预期的12.8%，前值为17.7%。\n总的来说，杠杆游戏认为，内需马马虎虎，出口见顶，那么，房地产打压归打压，不能搞得太难看。\n5、三季度美国是否有流动性拐点，值得注意。\n无论全球房价，还是大宗商品，以及美国股市，资产价格大涨本质这一轮都是流动性主导的。\n现在问题来了，三季度美国流动性是否有拐点？上文杠杆游戏写了，美联储有缩量的信号，超额准备金利率略有提高。\n\n图表来源|浙商证券（特此感谢）\n3季度杠杆游戏认为，第一幅度小，第二是个试探，同时我国央行上一轮的出牌已经证明，“以我为主”——只要美国不加息，资金回美追求高收益的世界趋势，应该不会到来。\n单这个角度说，2021年，我国股市不至于看空；楼市，只是对投机表现出异常严厉的态度，如上所述，经济的稳定还需要它。\n需要注意的是，3季度，比如7、8月，美联储始正式讨论削减QE，2021年底或2022年初开始削减QE，这些基本已在市场预期内。\n尽管如此，这对任何国家的货币政策，起码都是掣肘。\n6、结论：2021年股市基本不会受美国影响，楼市以我为主。前者杠杆游戏的意思是，不要担心流动性。\n后者我的意思是，楼市打击投机，将贯穿2021年始终。但地方对楼市的操盘能力，也是越来越纯熟，保障一定的价格和销量，从来都有自己办法。\n何况，水又没减少。","news_type":1,"symbols_score_info":{"513500":0.9,"NQmain":0.9,".DJI":0.9,"MNQmain":0.9,"ESmain":0.9,".IXIC":0.9,"OEF":0.9,"OEX":0.9,"TQQQ":0.9,"DJX":0.9,"QQQ":0.9,"QID":0.9,"UDOW":0.9,"PSQ":0.9,"IVV":0.9,"SPY":0.9,"SDS":0.9,"QLD":0.9,"SDOW":0.9,"DOG":0.9}},"isVote":1,"tweetType":1,"viewCount":1798,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189286384,"gmtCreate":1623276267648,"gmtModify":1704199724162,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"title":"","htmlText":"Like and comment! 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Thanks ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/189286384","repostId":"1166874467","repostType":4,"isVote":1,"tweetType":1,"viewCount":1716,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":196551719,"gmtCreate":1621080186031,"gmtModify":1704352748565,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/196551719","repostId":"1164480285","repostType":4,"repost":{"id":"1164480285","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621039073,"share":"https://ttm.financial/m/news/1164480285?lang=en_US&edition=fundamental","pubTime":"2021-05-15 08:37","market":"us","language":"zh","title":"Last night and this morning: Technology led a two-day rebound in US stocks, while Tesla fell 12% this week.","url":"https://stock-news.laohu8.com/highlight/detail?id=1164480285","media":"老虎资讯综合","summary":"摘要：美债收益率大跌提升投资者风险偏好，纳指大涨逾2％，中概股集体反弹；美国输油管道重开，美油、布油双双大涨逾2％；14个月牛市后，贝佐斯等亿万富豪纷纷减持股票 ，大佬Q1持仓 ：桥水建仓特斯拉抛黄金","content":"<p><b>Abstract:</b></p><p><ul><li>The sharp drop in US Treasury yields boosted investor risk appetite, causing the Nasdaq to surge more than 2% and Chinese concept stocks to rebound collectively.</li><li>With the reopening of U.S. oil pipelines, both U.S. and Brent crude oil prices surged by more than 2%.</li><li>After a 14-month bull market, billionaires such as Bezos have reduced their stock holdings.</li><li>Big name Q1 holdings: Bridgewater Associates builds positions<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Selling gold, Soros builds a position<a href=\"https://laohu8.com/S/VIPS\">Vipshop</a>Clearance Sale Palantir.</li></ul><b>Overseas markets</b></p><p><b>1. Falling US Treasury yields helped US stocks record their second consecutive rise! The Nasdaq surged over 2%, and Chinese concept stocks rebounded collectively.</b></p><p>The three major U.S. stock indexes opened higher and closed higher across the board on Friday as U.S. retail sales in April failed to grow and fell short of expectations, and U.S. Treasury yields plummeted, boosting investor risk appetite. At the close, the Dow Jones Industrial Average rose 360.68 points to 34,382.13, a gain of 1.06%. The Nasdaq rose 304.99 points to 13,429.98, or 2.32%. The S&P 500 rose 61.35 points to 4,173.85, or 1.49%.</p><p>Chinese concept stocks as a whole have seen a relatively strong rebound. As of Friday's close,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Up 1.66%<a href=\"https://laohu8.com/S/00700\">Tencent</a>ADR rose 3.64%.<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Up 3.85%<a href=\"https://laohu8.com/S/JD\">JD.com</a>Up 1.67%<a href=\"https://laohu8.com/S/NTES\">NetEase</a>Up 3.77%<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Up 10.72%<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>Up 9.08%<a href=\"https://laohu8.com/S/NIO\">Nio</a>Automobiles rose 7.05%.<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Up 6.50%<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>Up 11.25%<a href=\"https://laohu8.com/S/JKS\">Jinko Solar</a>Up 2.47%<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Up 2.69%<a href=\"https://laohu8.com/S/TAL\">TAL Education Group</a>Up 5.38%<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Up 5.99%<a href=\"https://laohu8.com/S/DAO\">Youdao</a>Up 8.64%.</p><p><b>2. Bank of England Governor says inflation will not last; European stocks closed higher across the board on Friday.</b></p><p>European stocks continued their sharp rebound on Friday (May 14) as investor concerns about inflation slowed as the decline in commodity prices, following a sell-off at the start of trading this week.</p><p><b>3. With the reopening of US oil pipelines, both US and Brent crude oil prices surged by more than 2%! Both rose for the third consecutive week.</b></p><p>Crude oil futures prices closed higher on Friday and have also risen this week as a key U.S. fuel pipeline reopened after being forced to shut down over the weekend due to a ransomware attack.</p><p><b>4. A stronger US dollar pushed gold prices up 0.8%, marking their second consecutive gain! Hit a new closing high in over three months</b></p><p>Gold futures for June delivery on the New York Mercantile Exchange rose $14.10 to settle at $1,838.10 an ounce, a gain of 0.8%, marking their highest closing price since February 10. The contract also closed up nearly 0.1% on Thursday. In overall trading this week, gold futures prices rose by about 0.4% based on the main contract.</p><p><b>5. Dogecoin surges over 40%! Musk speaks out again: Will cooperate with Dogecoin developers</b></p><p>Dogecoin prices surged on Friday after Tesla (NASDAQ:TSLA) CEO Elon Musk, a supporter of the cryptocurrency, posted a message on social media, and cryptocurrency exchange Coinbase announced it would offer Dogecoin trading.</p><p><b>6、</b><a href=\"https://laohu8.com/NW/2135988454\" target=\"_blank\"><b>Top investors in Q1: Bridgewater builds a position in Tesla, Soros builds a position in Vipshop.</b></a></p><p>Bridgewater Associates, the world's largest hedge fund, increased its holdings in consumer and bank stocks in the first quarter of this year, while selling gold ETFs and technology stocks, but also built positions.<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>。 Soros's family office also sold off some tech stocks, including big data star Palantir, which directly sold off its holdings. However, it also increased its holdings in many Chinese concept stocks, including newly added long positions.<a href=\"https://laohu8.com/S/VIPS\">Vipshop</a>。</p><p><b>7、</b><a href=\"https://laohu8.com/NW/2135600444\" target=\"_blank\"><b>Bridgewater Associates Q1 Holdings: Increased holdings in consumer stocks, bought back Tesla shares; reduced holdings in Chinese concept stocks.</b></a></p><p>According to statistics from 13F data platform Whalewisdom, in Bridgewater's Q1 holdings, a total of 204 targets were increased, 123 targets were reduced, 127 targets were newly added, and 197 targets were sold. From an overall perspective, Bridgewater's main focus in the first quarter was on consumer stocks.<a href=\"https://laohu8.com/S/SPY\">S&P 500 ETF</a>Funds such as gold ETFs have significantly reduced their holdings.</p><p><b>International macro</b></p><p><b>1. Federal Reserve's Mester: Policy is in good shape; now is not the time for adjustments.</b></p><p>Loretta Mester, president of the Federal Reserve Bank of Cleveland, said the Fed's policy is currently in a good state. She also downplayed signals from economic data, saying the data would be volatile as the economy restarted.</p><p><b>2. Americans are no longer willing to spend money? Retail sales did not grow in April and were weaker than expected.</b></p><p>Data released by the U.S. Commerce Department on Friday showed that overall retail sales remained roughly flat month-on-month in April, with an upward revision to a 10.7% increase in March. A Bloomberg survey shows that economists' median forecast is for 1% growth in April.</p><p><b>3. Is the Federal Reserve ready to surrender? Big short Schiff: US inflation will \"explode\" and the dollar is losing its purchasing power.</b></p><p>According to renowned investor and financial commentator Peter Schiff, the Federal Reserve will not fight inflation in the United States. This is because even if they tried to fight, they were destined to fail, so they wouldn't even try. For this reason, I have been telling everyone that there will be no war on inflation. The Fed is now ready to surrender. Inflation will undoubtedly win big. In fact, the future inflation problem will be much more dire than the market expects. If the weakness in gold prices is indeed due to higher-than-expected inflation, then investors should seize the opportunity to buy now.</p><p><b>4、</b><a href=\"https://laohu8.com/NW/2135600094\" target=\"_blank\"><b>Secure your profits! After 14 months of bull market, billionaires such as Bezos have reduced their stock holdings</b></a></p><p>The world's richest shareholders are selling their shares to secure their profits. Including<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Jeff Bezos and<a href=\"https://laohu8.com/S/GOOG\">Google</a>Company insiders, including co-founder Sergey Brin, have recently accelerated their share reductions to seize the opportunity presented by the 14-month bull market to cash out.</p><p><b>5. Unable to distinguish between good news and bad news for inflation, American investors have reason to be anxious.</b></p><p>It is widely believed that inflation is a positive factor for the stock market. However, over the past week, inflation has risen far beyond economists' expectations, causing panic among U.S. stock market investors. One Wall Street analyst said that a closer look at historical records might reveal why investors behave the way they do.</p><p><b>6. New bond king Gunlak: There is reason to worry about inflation, which may force the Federal Reserve to rate hike.</b></p><p>\"In my opinion, the market is starting to get a little worried (about inflation) this week,\" Gunlach said. He then added, \"This is the biggest discrepancy between the consumer price index and economists' expectations in years, and perhaps even the biggest in my entire career.\"</p><p><b>Company News</b></p><p><b>1、</b><a href=\"https://laohu8.com/NW/2135860760\" target=\"_blank\"><b>Earnings reports from Disney, Airbnb, and DoorDash reveal a new economic normal after the pandemic.</b></a><b></b></p><p>Airbnb says interest in travel has surged again as vaccines become more widely available. The company noted a significant increase in travel bookings in the UK immediately after Prime Minister Boris Johnson announced a gradual exit from lockdown in February. For U.S. customers aged 60 and older, searches for Airbnb summer travel increased by more than 60% between February and March this year.</p><p><b>2、</b><a href=\"https://laohu8.com/NW/2135860665\" target=\"_blank\"><b>Amazon is launching another large-scale recruitment campaign, planning to hire 10,000 permanent employees in the UK.</b></a></p><p>During the COVID-19 pandemic, many companies laid off employees, but Amazon, the world's largest online retailer, bucked the trend. Amazon announced today that it will be hiring 10,000 more people in the UK, bringing the company's total number of employees in the UK to 55,000 by the end of 2021.</p><p><b>3、</b><a href=\"https://laohu8.com/NW/2135607690\" target=\"_blank\"><b>Following Musk's lead, Square backed down, with media reports indicating it has no intention of acquiring more Bitcoin.</b></a></p><p>Among the companies that had previously purchased Bitcoin as reserves, some chose to stop. According to reports, after losing $20 million on related investments, payment fintech company Square has stated that it has no intention of purchasing more Bitcoin as a reserve.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Last night and this morning: Technology led a two-day rebound in US stocks, while Tesla fell 12% this week.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLast night and this morning: Technology led a two-day rebound in US stocks, while Tesla fell 12% this week.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-05-15 08:37</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><b>Abstract:</b></p><p><ul><li>The sharp drop in US Treasury yields boosted investor risk appetite, causing the Nasdaq to surge more than 2% and Chinese concept stocks to rebound collectively.</li><li>With the reopening of U.S. oil pipelines, both U.S. and Brent crude oil prices surged by more than 2%.</li><li>After a 14-month bull market, billionaires such as Bezos have reduced their stock holdings.</li><li>Big name Q1 holdings: Bridgewater Associates builds positions<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>Selling gold, Soros builds a position<a href=\"https://laohu8.com/S/VIPS\">Vipshop</a>Clearance Sale Palantir.</li></ul><b>Overseas markets</b></p><p><b>1. Falling US Treasury yields helped US stocks record their second consecutive rise! The Nasdaq surged over 2%, and Chinese concept stocks rebounded collectively.</b></p><p>The three major U.S. stock indexes opened higher and closed higher across the board on Friday as U.S. retail sales in April failed to grow and fell short of expectations, and U.S. Treasury yields plummeted, boosting investor risk appetite. At the close, the Dow Jones Industrial Average rose 360.68 points to 34,382.13, a gain of 1.06%. The Nasdaq rose 304.99 points to 13,429.98, or 2.32%. The S&P 500 rose 61.35 points to 4,173.85, or 1.49%.</p><p>Chinese concept stocks as a whole have seen a relatively strong rebound. As of Friday's close,<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Up 1.66%<a href=\"https://laohu8.com/S/00700\">Tencent</a>ADR rose 3.64%.<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>Up 3.85%<a href=\"https://laohu8.com/S/JD\">JD.com</a>Up 1.67%<a href=\"https://laohu8.com/S/NTES\">NetEase</a>Up 3.77%<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Up 10.72%<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>Up 9.08%<a href=\"https://laohu8.com/S/NIO\">Nio</a>Automobiles rose 7.05%.<a href=\"https://laohu8.com/S/LI\">Li Auto</a>Up 6.50%<a href=\"https://laohu8.com/S/CAN\">Canaan Technology</a>Up 11.25%<a href=\"https://laohu8.com/S/JKS\">Jinko Solar</a>Up 2.47%<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>Up 2.69%<a href=\"https://laohu8.com/S/TAL\">TAL Education Group</a>Up 5.38%<a href=\"https://laohu8.com/S/EDU\">New Oriental</a>Up 5.99%<a href=\"https://laohu8.com/S/DAO\">Youdao</a>Up 8.64%.</p><p><b>2. Bank of England Governor says inflation will not last; European stocks closed higher across the board on Friday.</b></p><p>European stocks continued their sharp rebound on Friday (May 14) as investor concerns about inflation slowed as the decline in commodity prices, following a sell-off at the start of trading this week.</p><p><b>3. With the reopening of US oil pipelines, both US and Brent crude oil prices surged by more than 2%! Both rose for the third consecutive week.</b></p><p>Crude oil futures prices closed higher on Friday and have also risen this week as a key U.S. fuel pipeline reopened after being forced to shut down over the weekend due to a ransomware attack.</p><p><b>4. A stronger US dollar pushed gold prices up 0.8%, marking their second consecutive gain! Hit a new closing high in over three months</b></p><p>Gold futures for June delivery on the New York Mercantile Exchange rose $14.10 to settle at $1,838.10 an ounce, a gain of 0.8%, marking their highest closing price since February 10. The contract also closed up nearly 0.1% on Thursday. In overall trading this week, gold futures prices rose by about 0.4% based on the main contract.</p><p><b>5. Dogecoin surges over 40%! Musk speaks out again: Will cooperate with Dogecoin developers</b></p><p>Dogecoin prices surged on Friday after Tesla (NASDAQ:TSLA) CEO Elon Musk, a supporter of the cryptocurrency, posted a message on social media, and cryptocurrency exchange Coinbase announced it would offer Dogecoin trading.</p><p><b>6、</b><a href=\"https://laohu8.com/NW/2135988454\" target=\"_blank\"><b>Top investors in Q1: Bridgewater builds a position in Tesla, Soros builds a position in Vipshop.</b></a></p><p>Bridgewater Associates, the world's largest hedge fund, increased its holdings in consumer and bank stocks in the first quarter of this year, while selling gold ETFs and technology stocks, but also built positions.<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>。 Soros's family office also sold off some tech stocks, including big data star Palantir, which directly sold off its holdings. However, it also increased its holdings in many Chinese concept stocks, including newly added long positions.<a href=\"https://laohu8.com/S/VIPS\">Vipshop</a>。</p><p><b>7、</b><a href=\"https://laohu8.com/NW/2135600444\" target=\"_blank\"><b>Bridgewater Associates Q1 Holdings: Increased holdings in consumer stocks, bought back Tesla shares; reduced holdings in Chinese concept stocks.</b></a></p><p>According to statistics from 13F data platform Whalewisdom, in Bridgewater's Q1 holdings, a total of 204 targets were increased, 123 targets were reduced, 127 targets were newly added, and 197 targets were sold. From an overall perspective, Bridgewater's main focus in the first quarter was on consumer stocks.<a href=\"https://laohu8.com/S/SPY\">S&P 500 ETF</a>Funds such as gold ETFs have significantly reduced their holdings.</p><p><b>International macro</b></p><p><b>1. Federal Reserve's Mester: Policy is in good shape; now is not the time for adjustments.</b></p><p>Loretta Mester, president of the Federal Reserve Bank of Cleveland, said the Fed's policy is currently in a good state. She also downplayed signals from economic data, saying the data would be volatile as the economy restarted.</p><p><b>2. Americans are no longer willing to spend money? Retail sales did not grow in April and were weaker than expected.</b></p><p>Data released by the U.S. Commerce Department on Friday showed that overall retail sales remained roughly flat month-on-month in April, with an upward revision to a 10.7% increase in March. A Bloomberg survey shows that economists' median forecast is for 1% growth in April.</p><p><b>3. Is the Federal Reserve ready to surrender? Big short Schiff: US inflation will \"explode\" and the dollar is losing its purchasing power.</b></p><p>According to renowned investor and financial commentator Peter Schiff, the Federal Reserve will not fight inflation in the United States. This is because even if they tried to fight, they were destined to fail, so they wouldn't even try. For this reason, I have been telling everyone that there will be no war on inflation. The Fed is now ready to surrender. Inflation will undoubtedly win big. In fact, the future inflation problem will be much more dire than the market expects. If the weakness in gold prices is indeed due to higher-than-expected inflation, then investors should seize the opportunity to buy now.</p><p><b>4、</b><a href=\"https://laohu8.com/NW/2135600094\" target=\"_blank\"><b>Secure your profits! After 14 months of bull market, billionaires such as Bezos have reduced their stock holdings</b></a></p><p>The world's richest shareholders are selling their shares to secure their profits. Including<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Jeff Bezos and<a href=\"https://laohu8.com/S/GOOG\">Google</a>Company insiders, including co-founder Sergey Brin, have recently accelerated their share reductions to seize the opportunity presented by the 14-month bull market to cash out.</p><p><b>5. Unable to distinguish between good news and bad news for inflation, American investors have reason to be anxious.</b></p><p>It is widely believed that inflation is a positive factor for the stock market. However, over the past week, inflation has risen far beyond economists' expectations, causing panic among U.S. stock market investors. One Wall Street analyst said that a closer look at historical records might reveal why investors behave the way they do.</p><p><b>6. New bond king Gunlak: There is reason to worry about inflation, which may force the Federal Reserve to rate hike.</b></p><p>\"In my opinion, the market is starting to get a little worried (about inflation) this week,\" Gunlach said. He then added, \"This is the biggest discrepancy between the consumer price index and economists' expectations in years, and perhaps even the biggest in my entire career.\"</p><p><b>Company News</b></p><p><b>1、</b><a href=\"https://laohu8.com/NW/2135860760\" target=\"_blank\"><b>Earnings reports from Disney, Airbnb, and DoorDash reveal a new economic normal after the pandemic.</b></a><b></b></p><p>Airbnb says interest in travel has surged again as vaccines become more widely available. The company noted a significant increase in travel bookings in the UK immediately after Prime Minister Boris Johnson announced a gradual exit from lockdown in February. For U.S. customers aged 60 and older, searches for Airbnb summer travel increased by more than 60% between February and March this year.</p><p><b>2、</b><a href=\"https://laohu8.com/NW/2135860665\" target=\"_blank\"><b>Amazon is launching another large-scale recruitment campaign, planning to hire 10,000 permanent employees in the UK.</b></a></p><p>During the COVID-19 pandemic, many companies laid off employees, but Amazon, the world's largest online retailer, bucked the trend. Amazon announced today that it will be hiring 10,000 more people in the UK, bringing the company's total number of employees in the UK to 55,000 by the end of 2021.</p><p><b>3、</b><a href=\"https://laohu8.com/NW/2135607690\" target=\"_blank\"><b>Following Musk's lead, Square backed down, with media reports indicating it has no intention of acquiring more Bitcoin.</b></a></p><p>Among the companies that had previously purchased Bitcoin as reserves, some chose to stop. According to reports, after losing $20 million on related investments, payment fintech company Square has stated that it has no intention of purchasing more Bitcoin as a reserve.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b23574aac95526c9e5c62ebc8dd25130","relate_stocks":{"PDD":"拼多多","QID":"两倍做空纳斯达克指数ETF-ProShares","TTTN":"老虎中美互联网巨头ETF","JD":"京东","SQQQ":"纳指三倍做空ETF","TQQQ":"纳指三倍做多ETF","QQQ":"纳指100ETF","QLD":"2倍做多纳斯达克100指数ETF-ProShares","QNETCN":"纳斯达克中美互联网老虎指数","BABA":"阿里巴巴","PSQ":"做空纳斯达克100指数ETF-ProShares","03086":"华夏纳指",".IXIC":"NASDAQ Composite","NTES":"网易"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164480285","content_text":"摘要：美债收益率大跌提升投资者风险偏好，纳指大涨逾2％，中概股集体反弹；美国输油管道重开，美油、布油双双大涨逾2％；14个月牛市后，贝佐斯等亿万富豪纷纷减持股票 ，大佬Q1持仓 ：桥水建仓特斯拉抛黄金，索罗斯建仓唯品会清仓Palantir。海外市场1、美债收益率下跌助美股录得二连涨！纳指大涨逾2％，中概股集体反弹美股三大指数周五高开高走全线收涨，因美国4月零售销售未见增长并逊于预期，美债收益率大跌，提升了投资者的风险偏好情绪。截至收盘，道指涨360.68点，报34382.13点，涨幅为1.06%；纳指涨304.99点，报13429.98点，涨幅为2.32%；标普500指数涨61.35点，报4173.85点，涨幅为1.49%。中概股整体出现了较为强劲的反弹。截至周五收盘，阿里巴巴涨1.66%、腾讯ADR涨3.64%、百度涨3.85%、京东涨1.67%、网易涨3.77%、哔哩哔哩涨10.72%、小鹏汽车涨9.08%、蔚来汽车涨7.05%、理想汽车涨6.50%、嘉楠科技涨11.25%、晶科能源涨2.47%、拼多多涨2.69%、好未来涨5.38%、新东方涨5.99%、有道涨8.64%。2、英国央行行长称通胀不会持续 欧股周五全线收涨投资者对通胀的担忧随着大宗商品价格的回落放缓，欧洲股市周五（5月14日）继续大幅反弹，此前股市在本周交易开始时遭遇抛售。3、美国输油管道重开，美油、布油双双大涨逾2％！本周均连续第三周走高原油期货价格周五收盘上涨，本周也同样走高，原因是美国一条关键的燃油输送管道在上周末因受到勒索软件攻击而被迫关闭后重新开放。4、美元走强推动金价收高0.8％，录得二连涨！创3个多月收盘新高纽约商品交易所6月份交割的黄金期货价格上涨14.10美元，报收于每盎司1838.10美元，涨幅为0.8%，创下了自2月10日以来的最高收盘价，此前该合约在周四的交易中也收盘上涨近0.1%在本周的整体交易中，按主力合约计算，黄金期货价格累计上涨了0.4%左右。5、狗狗币飙涨逾40％！马斯克再发声：将与狗狗币开发商合作狗狗币价格周五飙升，原因是这种加密货币的支持者、特斯拉（NASDAQ:TSLA）首席执行官埃隆·马斯克（Elon Musk）在社交媒体上发布了一条消息，且加密货币交易所Coinbase称其将提供狗狗币交易。6、大佬Q1投资：桥水建仓特斯拉，索罗斯建仓唯品会全球最大对冲基金桥水今年一季度增持消费类股和银行股，抛售黄金ETF和科技股，但建仓了特斯拉。索罗斯的家族办公室也抛售了一些科技股，其中大数据明星Palantir直接清仓，但同时增持了不少中概股，包括新进做多唯品会。7、桥水基金Q1持仓：加仓消费买回特斯拉，中概股遭减持根据13F数据平台Whalewisdom统计，在桥水Q1持仓中，总共增持204个标的、减持123个标的、新进127个标的、清仓197个标的。从整体操作来看，桥水一季度主要加仓方向为消费股，对于标普500ETF、黄金ETF等基金工具做出了较大减持。国际宏观1、美联储梅斯特：政策处于良好状态 现在不是进行调整的时候克里夫兰联邦储备银行行长洛蕾塔·梅斯特（Loretta Mester）表示，美联储的政策目前处于良好状态。她还淡化了经济数据发出的信号，称随着经济重启，数据将会表现不稳定。2、美国人不愿意花钱了？4月零售销售未见增长，并逊于预期美国商务部周五公布的数据显示，4月整体零售额环比基本持平，3月上修为增长10.7%。彭博调查显示，经济学家预估中值为4月增长1%。3、美联储已准备投降？大空头席夫：美国通胀将“爆炸”，美元正丧失购买力在著名投资人、财经评论家席夫（Peter Schiff）看来美，联储不会和通货膨胀作战的。这么说是因为，哪怕他们尝试去作战，也注定将会失败，所以，他们根本就连尝试都不会去尝试。出于这个原因，我一直在告诉大家，不会有针对通货膨胀的战争。联储现在就已经准备好投降了。通货膨胀毫无疑问将大获全胜。事实上，未来的通胀问题将比市场所预计的可怕得多。如果金价的疲软真的是因为通货膨胀高过预期的缘故，那么投资者现在就应该抓住机会买进。4、落袋为安！14个月牛市后，贝佐斯等亿万富豪纷纷减持股票全世界最富有的股东们纷纷出售持股、落袋为安。包括亚马逊的杰夫·贝佐斯和谷歌联合创始人Sergey Brin在内，企业内部人士最近加快减持步伐，抓住14个月大牛市的机会变现。5、分不清通胀到底是喜讯还是噩耗 美国投资者有理由心惊肉跳人们普遍认为，对于股市来说，通货膨胀是个利好因素。但是，在过去的一周内，远超经济学家预期的通胀攀升，让美国股市的投资者们惊慌失措。一位华尔街分析师表示，仔细翻看历史记录，或许就能知道投资者们为何会有如此表现了。6、新债王冈拉克：有理由担心通胀，可能迫使美联储加息冈拉克表示：“在我看来，本周市场开始有点担心（通胀）了。”他随后补充说：“这是多年来消费者物价指数与经济学家预期相差最大的一次，甚至可能是我整个职业生涯中最大的一次。”公司新闻1、迪士尼、爱彼迎和DoorDash的财报揭示了疫情后的经济新常态爱彼迎表示，随着疫苗变得更加普及，人们对旅游的兴趣再次飙升。该公司指出，在英国首相鲍里斯-约翰逊2月份宣布逐步退出封锁后，英国的旅游预订量立即大幅增加。对于60岁及以上的美国客户来说，今年2月至3月，Airbnb上夏季旅游的搜索量增长了60%以上。2、亚马逊再次大规模招聘 计划在英吸纳10000名永久雇员新冠期间大量企业纷纷裁员，但全球最大在线零售商亚马逊却成为逆流而上的公司。亚马逊今日宣布将在英国增加招聘1万人，到2021年底，公司在英国的总雇员人数将达到5.5万人。3、跟风马斯克收手，媒体称Square无意购买更多比特币此前曾经购买比特币作为储备的企业当中，有人选择了停手。根据报道，在相关投资上损失了2000万美元之后，支付金融技术公司Square表示无意购买更多的比特币作储备。","news_type":1,"symbols_score_info":{"PDD":0.9,"TQQQ":0.9,"MNQmain":0.9,"JD":0.9,"SQQQ":0.9,"QLD":0.9,"QID":0.9,"BABA":0.9,".IXIC":0.9,"NTES":0.9,"QQQ":0.9,"QNETCN":0.9,"NQmain":0.9,"TTTN":0.9,"03086":0.9,"PSQ":0.9}},"isVote":1,"tweetType":1,"viewCount":1088,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":346370895,"gmtCreate":1618008997217,"gmtModify":1704705832486,"author":{"id":"3569639956293909","authorId":"3569639956293909","name":"dkpoh","avatar":"https://static.tigerbbs.com/c363fe0c37055ba864124087c92ab292","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3569639956293909","idStr":"3569639956293909"},"themes":[],"title":"","htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/346370895","repostId":"2126702543","repostType":4,"isVote":1,"tweetType":1,"viewCount":1722,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}