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2021-01-24
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Equities correction coming after "extreme" rally, inflows - BofA
adriel
2021-01-15
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In business sectors, financials and energy gained the most as the reflation trade gathered pace on expectations of further fiscal support from the new U.S. administration under Joe Biden.</p><p>\"Extreme policy remains best explanation for extreme rally off lows in 2020, consensus macro boom in 2021,\" said Michael Hartnett, BofA's chief investment strategist.</p><p>\"We expect peak positioning & correction in Q1.\"</p><p>Hartnett's view mirrors similar warnings from some Wall Street banks this week.</p><p>\"The market is rising on good news but choosing to largely ignore weaker data and rising infection rates,\" Goldman Sachs' investment team wrote in a note on Tuesday.</p><p>\"Rapid fund flows and highly correlated risk assets make a correction in the near term increasingly likely.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"159934":"黄金ETF","518880":"黄金ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","DUST":"二倍做空黄金矿业指数ETF-Direxion","USO":"美国原油ETF","DWT":"三倍做空原油ETN","UCO":"二倍做多彭博原油ETF","SCO":"二倍做空彭博原油指数ETF","DUG":"二倍做空石油与天然气ETF(ProShares)","NUGT":"二倍做多黄金矿业指数ETF-Direxion","DDG":"ProShares做空石油与天然气ETF","GDX":"黄金矿业ETF-VanEck","GLD":"SPDR黄金ETF","IAU":"黄金信托ETF(iShares)",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2105637469","content_text":"LONDON, Jan 22 (Reuters) - Investors once again stormed into stocks last week with inflows in the last three months soaring to a record $255 billion, BofA's weekly flow data showed on Friday, prompting investors to warn about a looming correction.With the U.S. Federal Reserve's balance sheet hitting 42% and U.S. budget deficit bulging to 33% of gross domestic product, BofA said policy bubble was fuelling Wall Street's asset price bubble.World stocks have soared 77% from March lows, led by the United States due to unprecedented economic stimulus.Equities attracted $21.6 billion in the week to Wednesday, mainly driven by emerging markets. 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If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation"}],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":335711195,"gmtCreate":1610641726217,"gmtModify":1704985255941,"author":{"id":"3570665811259377","authorId":"3570665811259377","name":"adriel","avatar":"https://static.tigerbbs.com/f09e6a4d59f84ed479d0548cc1ab82e8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570665811259377","authorIdStr":"3570665811259377"},"themes":[],"htmlText":"Zom new tesla!","listText":"Zom new tesla!","text":"Zom new tesla!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":1,"link":"https://ttm.financial/post/335711195","isVote":1,"tweetType":1,"viewCount":719,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3527667803686145","authorIdStr":"3527667803686145"},"content":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. 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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\">\nEuro zone business activity shrinks again as new Covid lockdowns bite\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-22 17:07 GMT+8 <a href=https://www.cnbc.com/2021/01/22/eurozone-flash-pmis-january-2020-business-activity-shrinks-again.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>LONDON — Business activity in the euro zone fell to a two-month low in January, preliminary data showed on Friday, on the back of stricter coronavirus-related lockdowns.\nThe region is grappling with ...</p>\n\n<a href=\"https://www.cnbc.com/2021/01/22/eurozone-flash-pmis-january-2020-business-activity-shrinks-again.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VUKE.UK":"英国富时100","VGK":"MSCI欧洲ETF-Vanguard","EUFN":"欧洲金融指数ETF-iShares MSCI"},"source_url":"https://www.cnbc.com/2021/01/22/eurozone-flash-pmis-january-2020-business-activity-shrinks-again.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1195776005","content_text":"LONDON — Business activity in the euro zone fell to a two-month low in January, preliminary data showed on Friday, on the back of stricter coronavirus-related lockdowns.\nThe region is grappling with growing Covid-19 infection rates and tighter restrictions asnew strains of the virusspread, causing further economic pain.\nMarkit’s flash composite PMI for the euro zone, which looks at activity across both manufacturing and services, dropped to 47.5 January, versus 49.1 in December. A reading below 50 represents a contraction in activity.\nChris Williamson, chief business economist at IHS Markit, said a double-dip recession for the euro zone was looking “increasingly inevitable.”\n“Tighter COVID19 restrictions took a further toll on businesses in January,” he said in a statement.\n“Output fell at an increased rate, led by worsening conditions in the service sector and a weakening of manufacturing growth to the lowest seen so far in the sector’s seven-month recovery.”\nEuropean Central Bank PresidentChristine Lagardeacknowledged on Thursday that thepandemic still posed “serious risks”to the euro zone economy.\nIn addition to the new Covid variants, there are also concerns over aslow vaccination roll-outacross the European Union.\n“In this environment ample monetary stimulus remains essential,” Lagarde said. The ECB decided at a meeting on Thursday tokeep interest rates and its wider stimulus programs unchangedfor now, having boosted its support in December.\nThe ECB expects the euro zone’s GDP (gross domestic product) to expand by 3.9% in 2021, and 2.1% in 2022. This is after a contraction of 7.3% last year. However, these forecasts are dependent on the evolution of the pandemic.\nFrance hires more\nEarlier, France’s business activity data also came in at a two-month low, reflecting the imposition of stricter curfews across the country. The country’s composite PMI for January was 47, making a contraction.\nHowever, French businesses hired more employees in January — the first increase in job figures in almost a year.\n“The fact that firms have returned to recruitment activity points to some confidence in an economic recovery in the second half of this year,” Eliot Kerr, economist at IHS Markit said, in a statement.\nIn Germany, business activity managed to grow slightly in January, with the flash composite output index coming in at 50.8. However, the reading represented a seven-month low for Europe’s economic engine.\nPhil Smith, associate director at IHS Markit, highlighted a slower momentum in manufacturing activity in the country, and a continued hit to the services sector during January.\n“All in all, the German economy has made a slow start to the year, and the extension of the current containment measures until at least mid-February means this looks like being the picture for several more weeks to come,” he said.\nThe German government decided some days ago to extend the national lockdown until Feb. 14.","news_type":1},"isVote":1,"tweetType":1,"viewCount":368,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":319964329,"gmtCreate":1611484907461,"gmtModify":1704860396683,"author":{"id":"3570665811259377","authorId":"3570665811259377","name":"adriel","avatar":"https://static.tigerbbs.com/f09e6a4d59f84ed479d0548cc1ab82e8","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3570665811259377","authorIdStr":"3570665811259377"},"themes":[],"htmlText":"Zom","listText":"Zom","text":"Zom","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/319964329","repostId":"2105637469","repostType":4,"isVote":1,"tweetType":1,"viewCount":216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}