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JaydenSee
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JaydenSee
07-14
My summer vibe in Singapore[Cool] [Cool]
@TigerEvents:[Tiger Friday] Snap Your Summer Vibe
JaydenSee
07-14
Nice
JaydenSee
07-09
Guess the winner,Earn Tiger Coins
Find out more here:
Guess the winner,Earn Tiger Coins
Join the Guessing Game , find high-yield Sharers! Win up to 50000 Tiger Coins.
Guess the winner,Earn Tiger Coins
JaydenSee
07-08
TIGER ROARS, DECADES SOAR.
Find out more here:
TIGER ROARS, DECADES SOAR.
Discover exciting features on Tiger Trade & win a US$1,010 reward!
TIGER ROARS, DECADES SOAR.
JaydenSee
07-06
Thanks tiger for the event [Cool][Cool]
JaydenSee
07-05
TIGER ROARS, DECADES SOAR.
Find out more here:
TIGER ROARS, DECADES SOAR.
Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!
TIGER ROARS, DECADES SOAR.
JaydenSee
07-05
TIGER ROARS, DECADES SOAR.
Find out more here:
TIGER ROARS, DECADES SOAR.
Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!
TIGER ROARS, DECADES SOAR.
JaydenSee
07-03
1292 days with tiger 🥳🥳🥳🥳
JaydenSee
07-03
TIGER ROARS, DECADES SOAR.
Find out more here:
TIGER ROARS, DECADES SOAR.
Discover exciting features on Tiger Trade & win a US$1,010 reward!
TIGER ROARS, DECADES SOAR.
JaydenSee
07-03
TIGER ROARS, DECADES SOAR.
Find out more here:
TIGER ROARS, DECADES SOAR.
Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!
TIGER ROARS, DECADES SOAR.
JaydenSee
07-03
TIGER ROARS, DECADES SOAR.
Find out more here:
TIGER ROARS, DECADES SOAR.
Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!
TIGER ROARS, DECADES SOAR.
JaydenSee
07-02
TIGER ROARS, DECADES SOAR.
Find out more here:
TIGER ROARS, DECADES SOAR.
Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!
TIGER ROARS, DECADES SOAR.
JaydenSee
07-01
Guess the winner,Earn Tiger Coins
Find out more here:
Guess the winner,Earn Tiger Coins
Join the Guessing Game , find high-yield Sharers! Win up to 50000 Tiger Coins.
Guess the winner,Earn Tiger Coins
JaydenSee
06-30
TIGER ROARS, DECADES SOAR.
Find out more here:
TIGER ROARS, DECADES SOAR.
Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!
TIGER ROARS, DECADES SOAR.
JaydenSee
06-29
TIGER ROARS, DECADES SOAR.
Find out more here:
TIGER ROARS, DECADES SOAR.
Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!
TIGER ROARS, DECADES SOAR.
JaydenSee
06-28
TIGER ROARS, DECADES SOAR.
Find out more here:
TIGER ROARS, DECADES SOAR.
Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!
TIGER ROARS, DECADES SOAR.
JaydenSee
06-28
TIGER ROARS, DECADES SOAR.
Find out more here:
TIGER ROARS, DECADES SOAR.
Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!
TIGER ROARS, DECADES SOAR.
JaydenSee
06-28
TIGER ROARS, DECADES SOAR.
Find out more here:
TIGER ROARS, DECADES SOAR.
Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!
TIGER ROARS, DECADES SOAR.
JaydenSee
06-28
TIGER ROARS, DECADES SOAR.
Find out more here:
TIGER ROARS, DECADES SOAR.
Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!
TIGER ROARS, DECADES SOAR.
JaydenSee
06-28
TIGER ROARS, DECADES SOAR.
Find out more here:
TIGER ROARS, DECADES SOAR.
Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!
TIGER ROARS, DECADES SOAR.
Go to Tiger App to see more news
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summer vibe in Singapore[Cool] [Cool] ","listText":"My summer vibe in Singapore[Cool] [Cool] ","text":"My summer vibe in Singapore[Cool] [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/327225546854472","repostId":"326588341543200","repostType":1,"repost":{"id":326588341543200,"gmtCreate":1720757700875,"gmtModify":1720765802082,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667667103859","authorIdStr":"3527667667103859"},"themes":[],"title":"[Tiger Friday] Snap Your Summer Vibe","htmlText":"Summer can be defined as the coolness of the lakeside or the sweetness of ice cream. It could be the waves at the seashore or the breeze at night.The summer season is vibrant, colorful, and full of endless opportunities. Rather than just a calendar season, it is one of the most vivid parts of our memories. What does summer look like in your photos?Let's take a break from work today, and take a summer vacation. Pick up your camera or phone, and capture your unique summer life.How to enter:Feel free to share your summer-themed photos in the comments below. Please include specific details about the location and the elements of the image.🎁Prizes:Participation Reward: All participants will receive 10 Tiger Coins.Creativity Award: The most creative and imaginative photo will win a limited editio","listText":"Summer can be defined as the coolness of the lakeside or the sweetness of ice cream. It could be the waves at the seashore or the breeze at night.The summer season is vibrant, colorful, and full of endless opportunities. 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Win up to 50000 Tiger Coins.","listText":"Find out more here: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2024/trading-guess?inviteId=UQZKTUMW&banner=0&adcode=AC1713171607756uKaqcQ&utm_medium=tiger_community&platform=iOS&shareID=1b5d0759aa3837b43cb9d689e1a720f8&invite=BL015D&lang=en_US\">Guess the winner,Earn Tiger Coins</a> Join the Guessing Game , find high-yield Sharers! Win up to 50000 Tiger Coins.","text":"Find out more here: Guess the winner,Earn Tiger Coins Join the Guessing Game , find high-yield Sharers! Win up to 50000 Tiger Coins.","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325672122237248","isVote":1,"tweetType":1,"viewCount":279,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":325198583832640,"gmtCreate":1720423512885,"gmtModify":1720423680617,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571546243427161","authorIdStr":"3571546243427161"},"themes":[],"title":"TIGER ROARS, DECADES SOAR.","htmlText":"Find out more here: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2024/10th-anniversary?banner=0&adcode=AC1718527559510bEArSe&utm_source=invite&utm_campaign=AC1718527559510bEArSe&utm_medium=tiger_community&platform=iOS&shareID=12ce5286f2be89f1d1badf494ffe4172&invite=BL015D&lang=en_US\">TIGER ROARS, DECADES SOAR.</a> Discover exciting features on Tiger Trade & win a US$1,010 reward!","listText":"Find out more here: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2024/10th-anniversary?banner=0&adcode=AC1718527559510bEArSe&utm_source=invite&utm_campaign=AC1718527559510bEArSe&utm_medium=tiger_community&platform=iOS&shareID=12ce5286f2be89f1d1badf494ffe4172&invite=BL015D&lang=en_US\">TIGER ROARS, DECADES SOAR.</a> Discover exciting features on Tiger Trade & win a US$1,010 reward!","text":"Find out more here: TIGER ROARS, DECADES SOAR. Discover exciting features on Tiger Trade & win a US$1,010 reward!","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325198583832640","isVote":1,"tweetType":1,"viewCount":200,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324514863124536,"gmtCreate":1720256328017,"gmtModify":1720256331923,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571546243427161","authorIdStr":"3571546243427161"},"themes":[],"htmlText":"Thanks tiger for the event [Cool][Cool]","listText":"Thanks tiger for the event [Cool][Cool]","text":"Thanks tiger for the event [Cool][Cool]","images":[{"img":"https://community-static.tradeup.com/news/82cbbf3b28328023cec8f334ea2a4741"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324514863124536","isVote":1,"tweetType":1,"viewCount":232,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":324214334828648,"gmtCreate":1720159812906,"gmtModify":1720160223754,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571546243427161","authorIdStr":"3571546243427161"},"themes":[],"title":"TIGER ROARS, DECADES SOAR.","htmlText":"Find out more here: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2024/10th-anniversary?banner=0&adcode=AC1718527559510bEArSe&utm_source=invite&utm_campaign=AC1718527559510bEArSe&utm_medium=tiger_community&platform=iOS&shareID=f164c21ebe3a08ccb6d19f6aef1a0449&invite=BL015D&lang=en_US\">TIGER ROARS, DECADES SOAR.</a> Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!","listText":"Find out more here: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2024/10th-anniversary?banner=0&adcode=AC1718527559510bEArSe&utm_source=invite&utm_campaign=AC1718527559510bEArSe&utm_medium=tiger_community&platform=iOS&shareID=f164c21ebe3a08ccb6d19f6aef1a0449&invite=BL015D&lang=en_US\">TIGER ROARS, DECADES SOAR.</a> Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!","text":"Find out more here: TIGER ROARS, DECADES SOAR. Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324214334828648","isVote":1,"tweetType":1,"viewCount":163,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324212570030264,"gmtCreate":1720159770936,"gmtModify":1720160220695,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571546243427161","authorIdStr":"3571546243427161"},"themes":[],"title":"TIGER ROARS, DECADES SOAR.","htmlText":"Find out more here: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2024/10th-anniversary?banner=0&adcode=AC1718527559510bEArSe&utm_source=invite&utm_campaign=AC1718527559510bEArSe&utm_medium=tiger_community&platform=iOS&shareID=b614e1709cef39705c593a3ec99dcee5&invite=BL015D&lang=en_US\">TIGER ROARS, DECADES SOAR.</a> Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!","listText":"Find out more here: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2024/10th-anniversary?banner=0&adcode=AC1718527559510bEArSe&utm_source=invite&utm_campaign=AC1718527559510bEArSe&utm_medium=tiger_community&platform=iOS&shareID=b614e1709cef39705c593a3ec99dcee5&invite=BL015D&lang=en_US\">TIGER ROARS, DECADES SOAR.</a> Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!","text":"Find out more here: TIGER ROARS, DECADES SOAR. Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/324212570030264","isVote":1,"tweetType":1,"viewCount":127,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323544104640640,"gmtCreate":1720015886378,"gmtModify":1720015891139,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571546243427161","authorIdStr":"3571546243427161"},"themes":[],"htmlText":"1292 days with tiger 🥳🥳🥳🥳","listText":"1292 days with tiger 🥳🥳🥳🥳","text":"1292 days with tiger 🥳🥳🥳🥳","images":[{"img":"https://community-static.tradeup.com/news/709a7623aa6444b7c79196decbaeeee8","width":"1284","height":"2778"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/323544104640640","isVote":1,"tweetType":1,"viewCount":168,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":323487066861752,"gmtCreate":1719990018680,"gmtModify":1719990782093,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571546243427161","authorIdStr":"3571546243427161"},"themes":[],"title":"TIGER ROARS, DECADES SOAR.","htmlText":"Find out more here: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2024/10th-anniversary?banner=0&adcode=AC1718527559510bEArSe&utm_source=invite&utm_campaign=AC1718527559510bEArSe&utm_medium=tiger_community&platform=iOS&shareID=2f6ea3b076352f17aeec3bbc216a7b3a&invite=BL015D&lang=en_US\">TIGER ROARS, DECADES SOAR.</a> Discover exciting features on Tiger Trade & win a US$1,010 reward!","listText":"Find out more here: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2024/10th-anniversary?banner=0&adcode=AC1718527559510bEArSe&utm_source=invite&utm_campaign=AC1718527559510bEArSe&utm_medium=tiger_community&platform=iOS&shareID=2f6ea3b076352f17aeec3bbc216a7b3a&invite=BL015D&lang=en_US\">TIGER ROARS, DECADES SOAR.</a> Discover exciting features on Tiger Trade & win a US$1,010 reward!","text":"Find out more here: TIGER ROARS, DECADES SOAR. 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Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/321891925151832","isVote":1,"tweetType":1,"viewCount":105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321640724283512,"gmtCreate":1719556183574,"gmtModify":1719556715355,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571546243427161","authorIdStr":"3571546243427161"},"themes":[],"title":"TIGER ROARS, DECADES SOAR.","htmlText":"Find out more here: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2024/10th-anniversary?banner=0&adcode=AC1718527559510bEArSe&utm_source=invite&utm_campaign=AC1718527559510bEArSe&utm_medium=tiger_community&platform=iOS&shareID=1aed36602336d8c67878356682030a52&invite=BL015D&lang=en_US\">TIGER ROARS, DECADES SOAR.</a> Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!","listText":"Find out more here: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2024/10th-anniversary?banner=0&adcode=AC1718527559510bEArSe&utm_source=invite&utm_campaign=AC1718527559510bEArSe&utm_medium=tiger_community&platform=iOS&shareID=1aed36602336d8c67878356682030a52&invite=BL015D&lang=en_US\">TIGER ROARS, DECADES SOAR.</a> Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!","text":"Find out more here: TIGER ROARS, DECADES SOAR. Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/321640724283512","isVote":1,"tweetType":1,"viewCount":87,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321634891866256,"gmtCreate":1719554770097,"gmtModify":1719554846776,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571546243427161","authorIdStr":"3571546243427161"},"themes":[],"title":"TIGER ROARS, DECADES SOAR.","htmlText":"Find out more here: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2024/10th-anniversary?banner=0&adcode=AC1718527559510bEArSe&utm_source=invite&utm_campaign=AC1718527559510bEArSe&utm_medium=tiger_community&platform=iOS&shareID=ec618c615d7d7fda513745a403ab9632&invite=BL015D&lang=en_US\">TIGER ROARS, DECADES SOAR.</a> Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!","listText":"Find out more here: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2024/10th-anniversary?banner=0&adcode=AC1718527559510bEArSe&utm_source=invite&utm_campaign=AC1718527559510bEArSe&utm_medium=tiger_community&platform=iOS&shareID=ec618c615d7d7fda513745a403ab9632&invite=BL015D&lang=en_US\">TIGER ROARS, DECADES SOAR.</a> Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!","text":"Find out more here: TIGER ROARS, DECADES SOAR. Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/321634891866256","isVote":1,"tweetType":1,"viewCount":72,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321634233565328,"gmtCreate":1719554609380,"gmtModify":1719554831139,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571546243427161","authorIdStr":"3571546243427161"},"themes":[],"title":"TIGER ROARS, DECADES SOAR.","htmlText":"Find out more here: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2024/10th-anniversary?banner=0&adcode=AC1718527559510bEArSe&utm_source=invite&utm_campaign=AC1718527559510bEArSe&utm_medium=tiger_community&platform=iOS&shareID=42d538838e55a4812741c2d447fc9368&invite=BL015D&lang=en_US\">TIGER ROARS, DECADES SOAR.</a> Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!","listText":"Find out more here: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2024/10th-anniversary?banner=0&adcode=AC1718527559510bEArSe&utm_source=invite&utm_campaign=AC1718527559510bEArSe&utm_medium=tiger_community&platform=iOS&shareID=42d538838e55a4812741c2d447fc9368&invite=BL015D&lang=en_US\">TIGER ROARS, DECADES SOAR.</a> Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!","text":"Find out more here: TIGER ROARS, DECADES SOAR. Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/321634233565328","isVote":1,"tweetType":1,"viewCount":172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321635096096840,"gmtCreate":1719554553084,"gmtModify":1719554831525,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571546243427161","authorIdStr":"3571546243427161"},"themes":[],"title":"TIGER ROARS, DECADES SOAR.","htmlText":"Find out more here: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2024/10th-anniversary?banner=0&adcode=AC1718527559510bEArSe&utm_source=invite&utm_campaign=AC1718527559510bEArSe&utm_medium=tiger_community&platform=iOS&shareID=24832dd95a6b20043b5297dd44a01334&invite=BL015D&lang=en_US\">TIGER ROARS, DECADES SOAR.</a> Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!","listText":"Find out more here: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2024/10th-anniversary?banner=0&adcode=AC1718527559510bEArSe&utm_source=invite&utm_campaign=AC1718527559510bEArSe&utm_medium=tiger_community&platform=iOS&shareID=24832dd95a6b20043b5297dd44a01334&invite=BL015D&lang=en_US\">TIGER ROARS, DECADES SOAR.</a> Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!","text":"Find out more here: TIGER ROARS, DECADES SOAR. Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/321635096096840","isVote":1,"tweetType":1,"viewCount":49,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321634053038136,"gmtCreate":1719554527923,"gmtModify":1719554831890,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3571546243427161","authorIdStr":"3571546243427161"},"themes":[],"title":"TIGER ROARS, DECADES SOAR.","htmlText":"Find out more here: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2024/10th-anniversary?banner=0&adcode=AC1718527559510bEArSe&utm_source=invite&utm_campaign=AC1718527559510bEArSe&utm_medium=tiger_community&platform=iOS&shareID=d50483ed950ffbfb6106641b0b1e4986&invite=BL015D&lang=en_US\">TIGER ROARS, DECADES SOAR.</a> Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!","listText":"Find out more here: <a href=\"https://www.tigerbrokers.com.sg/activity/market/2024/10th-anniversary?banner=0&adcode=AC1718527559510bEArSe&utm_source=invite&utm_campaign=AC1718527559510bEArSe&utm_medium=tiger_community&platform=iOS&shareID=d50483ed950ffbfb6106641b0b1e4986&invite=BL015D&lang=en_US\">TIGER ROARS, DECADES SOAR.</a> Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!","text":"Find out more here: TIGER ROARS, DECADES SOAR. Join me to discover exciting features with me on Tiger Trade & win $1,010 worth of rewards!","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/321634053038136","isVote":1,"tweetType":1,"viewCount":101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9918528016,"gmtCreate":1664417635535,"gmtModify":1676537451063,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571546243427161","idStr":"3571546243427161"},"themes":[],"htmlText":"Nice //<a href=\"https://ttm.financial/U/3561713422683896\">@StonkerLL</a>:Yayayaya papaya//<a href=\"https://ttm.financial/U/3559581955535845\">@koolgal</a>: The strong US Dollar is currently the King of currencies in a world of slowing economic growth and the Ukrainian war.US Dollar is also the global reserve currency. This means that a large amount of US dollars are held by Central Banks and major financial institutions to use for international transactions. With the aggressive stance of the Feds to fight high inflation, rising interest rates will attract more inflows into the US dollar. The US Dollar is also regarded as a safe haven asset with the ongoing Ukraine war. So I believe that the US Dollar will continue to be strong in the short to mid term. ","listText":"Nice //<a href=\"https://ttm.financial/U/3561713422683896\">@StonkerLL</a>:Yayayaya papaya//<a href=\"https://ttm.financial/U/3559581955535845\">@koolgal</a>: The strong US Dollar is currently the King of currencies in a world of slowing economic growth and the Ukrainian war.US Dollar is also the global reserve currency. This means that a large amount of US dollars are held by Central Banks and major financial institutions to use for international transactions. With the aggressive stance of the Feds to fight high inflation, rising interest rates will attract more inflows into the US dollar. The US Dollar is also regarded as a safe haven asset with the ongoing Ukraine war. So I believe that the US Dollar will continue to be strong in the short to mid term. ","text":"Nice //@StonkerLL:Yayayaya papaya//@koolgal: The strong US Dollar is currently the King of currencies in a world of slowing economic growth and the Ukrainian war.US Dollar is also the global reserve currency. This means that a large amount of US dollars are held by Central Banks and major financial institutions to use for international transactions. With the aggressive stance of the Feds to fight high inflation, rising interest rates will attract more inflows into the US dollar. The US Dollar is also regarded as a safe haven asset with the ongoing Ukraine war. So I believe that the US Dollar will continue to be strong in the short to mid term.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":56,"commentSize":43,"repostSize":0,"link":"https://ttm.financial/post/9918528016","repostId":"9918813967","repostType":1,"repost":{"id":9918813967,"gmtCreate":1664354150559,"gmtModify":1676537439259,"author":{"id":"3493247054408315","authorId":"3493247054408315","name":"出没在交易圈的情报员","avatar":"https://static.tigerbbs.com/f410ba1d5e642b32faa3d84b28820597","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3493247054408315","idStr":"3493247054408315"},"themes":[],"title":"US Dollar Index (DXY) Has Peaked Or Not? They Say...","htmlText":"There are too many factors supporting the rise of the US dollar index at present:1. The Fed increased the fund rates expectation and strenthened its determination to fight inflation, which keeps rising. There may be more interest rate hikes in the future to put pressure on the economy and inflation,2. The dollar is tied to energy, which makes the purchasing power of the dollar appreciate. Energy prices fluctuated at a high level, and the United States also became a major energy exporter. After Russian energy was excluded from the European and American trade system, the United States became the largest energy provider in Europe.3. Dollar is a safe asset. The world is chang","listText":"There are too many factors supporting the rise of the US dollar index at present:1. The Fed increased the fund rates expectation and strenthened its determination to fight inflation, which keeps rising. There may be more interest rate hikes in the future to put pressure on the economy and inflation,2. The dollar is tied to energy, which makes the purchasing power of the dollar appreciate. Energy prices fluctuated at a high level, and the United States also became a major energy exporter. After Russian energy was excluded from the European and American trade system, the United States became the largest energy provider in Europe.3. Dollar is a safe asset. The world is chang","text":"There are too many factors supporting the rise of the US dollar index at present:1. The Fed increased the fund rates expectation and strenthened its determination to fight inflation, which keeps rising. There may be more interest rate hikes in the future to put pressure on the economy and inflation,2. The dollar is tied to energy, which makes the purchasing power of the dollar appreciate. Energy prices fluctuated at a high level, and the United States also became a major energy exporter. After Russian energy was excluded from the European and American trade system, the United States became the largest energy provider in Europe.3. Dollar is a safe asset. The world is chang","images":[{"img":"https://static.tigerbbs.com/686327d31140bde3579d7b5321123eb3","width":"966","height":"728"},{"img":"https://static.tigerbbs.com/6bc2b4555d78c177e2ea59f5d8d0b645","width":"953","height":"742"},{"img":"https://static.tigerbbs.com/16a055fc3909bb9cfac924c3ad5126de","width":"958","height":"759"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9918813967","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"subType":2,"comments":[],"imageCount":4,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1173,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":103337400,"gmtCreate":1619747257600,"gmtModify":1704271774286,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571546243427161","idStr":"3571546243427161"},"themes":[],"htmlText":"Pls like and comments ","listText":"Pls like and comments ","text":"Pls like and comments","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":6,"commentSize":11,"repostSize":0,"link":"https://ttm.financial/post/103337400","repostId":"1179123018","repostType":4,"repost":{"id":"1179123018","pubTimestamp":1619746983,"share":"https://ttm.financial/m/news/1179123018?lang=&edition=fundamental","pubTime":"2021-04-30 09:43","market":"us","language":"en","title":"These 2 Stocks Could Send the Market to New Records on Friday","url":"https://stock-news.laohu8.com/highlight/detail?id=1179123018","media":"Motley Fool","summary":"More earnings wins from top tech stocks are powering market sentiment.\nThursday was a solid day for ","content":"<p>More earnings wins from top tech stocks are powering market sentiment.</p>\n<p>Thursday was a solid day for the stock market, with the <b>S&P 500</b> index (SNPINDEX:^GSPC) reaching all-time highs and other indexes coming in closely behind. Investors have never been more confident in the power of an economic recovery for 2021, and they're hoping that despite big market gains already in the past year, there's room for still more movement higher among major market benchmarks.</p>\n<p>If anything can send the market to new records on Friday, it'll be earnings reports from a couple of stocks with exposure to technology.<b>Amazon.com</b> (NASDAQ:AMZN) is a household name worldwide, but investors won't necessarily be as familiar with Australia's <b>Atlassian</b> (NASDAQ:TEAM). Nevertheless, both showed signs of strength and could help build even more positive momentum on Wall Street to finish the week.</p>\n<p><b>How the market did on Thursday</b></p>\n<p>The day was a volatile one, with markets initially climbing on positive economic news. By midday, investors had given back just about all of their daily gains, but more optimism as the afternoon went on ended up pulling the S&P,<b>Nasdaq Composite</b> (NASDAQINDEX:^IXIC), and <b>Dow Jones Industrial Average</b> (DJINDICES:^DJI) all higher.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/7dd6a2b8ea9eca5ebf972110a916a4cc\" tg-width=\"1151\" tg-height=\"331\"><span>DATA SOURCE: YAHOO! FINANCE.</span></p>\n<p><b>Amazon's after-hours ascent</b></p>\n<p>Shares of Amazon didn't do much during Thursday's regular session. But in the after-hours market, the FAANG stock climbed almost 4% as of 5 p.m. EDT following the e-commerce and cloud computing company's quarterly financial report.</p>\n<p>Amazon's numbers were outstanding. Revenue soared 44% to $108.5 billion, with service sales leading the way higher with a 52% year-over-year gain. Net income more than tripled to $8.1 billion, and that produced earnings of $15.79 per share. All of the numbers were well above what most of those following Amazon had expected.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6eb736194bd9a0e56a5b8273269d2eb5\" tg-width=\"2000\" tg-height=\"1500\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p>\n<p>The thriving e-commerce business makes complete sense given the ongoing COVID-19 pandemic, but the success of Amazon Web Services was also noteworthy. Segment revenue there rose 32%, with operating income getting a 35% boost.</p>\n<p>Founder and CEO Jeff Bezos celebrated the 10th anniversary of Prime Video and the 15th anniversary of Amazon Web Services, and he foresees plenty of upside for them in the future.Amazon has a host of growth opportunities lined up ahead of it, and shareholders have to like what they're seeing from the colossus as it looks forward.</p>\n<p><b>Atlassian wins one for the team</b></p>\n<p>Elsewhere, shares of Atlassian reversed a 3% drop during the regular session by rising almost 7% after hours. The workplace collaboration software platform provider continued to build positive momentum as it released its fiscal third-quarter financial results.</p>\n<p>Atlassian continued to see the benefit of high demand for its services in its quarterly numbers. Third-quarter revenue jumped 38% from the year-ago period, with subscription-based sales soaring at an even faster 43% rate. Atlassian contained costs well, leading to the company reversing its year-earlier loss with earnings of $0.63 per share.</p>\n<p>In particular, cloud migration is playing a huge role in Atlassian's success. The company pointed to data analytics provider <b>Splunk</b> (NASDAQ:SPLK) as just one example of many companies moving to the cloud in order to get more value from Atlassian offerings like Jira and Confluence. Moreover, by working closely with clients, Atlassian is developing the products and services that resonate most with users.</p>\n<p>Atlassian has flown under the radar of many investors, but it's rapidly becoming a massive player in the global cloud services industry. It might never catch up to Amazon, but there's a lot to like in what Atlassian has done so far.</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>These 2 Stocks Could Send the Market to New Records on Friday</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\">\nThese 2 Stocks Could Send the Market to New Records on Friday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-30 09:43 GMT+8 <a href=https://www.fool.com/investing/2021/04/29/these-2-stocks-could-send-the-market-to-new-record/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>More earnings wins from top tech stocks are powering market sentiment.\nThursday was a solid day for the stock market, with the S&P 500 index (SNPINDEX:^GSPC) reaching all-time highs and other indexes ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/29/these-2-stocks-could-send-the-market-to-new-record/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TEAM":"Atlassian Corporation PLC","AMZN":"亚马逊"},"source_url":"https://www.fool.com/investing/2021/04/29/these-2-stocks-could-send-the-market-to-new-record/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179123018","content_text":"More earnings wins from top tech stocks are powering market sentiment.\nThursday was a solid day for the stock market, with the S&P 500 index (SNPINDEX:^GSPC) reaching all-time highs and other indexes coming in closely behind. Investors have never been more confident in the power of an economic recovery for 2021, and they're hoping that despite big market gains already in the past year, there's room for still more movement higher among major market benchmarks.\nIf anything can send the market to new records on Friday, it'll be earnings reports from a couple of stocks with exposure to technology.Amazon.com (NASDAQ:AMZN) is a household name worldwide, but investors won't necessarily be as familiar with Australia's Atlassian (NASDAQ:TEAM). Nevertheless, both showed signs of strength and could help build even more positive momentum on Wall Street to finish the week.\nHow the market did on Thursday\nThe day was a volatile one, with markets initially climbing on positive economic news. By midday, investors had given back just about all of their daily gains, but more optimism as the afternoon went on ended up pulling the S&P,Nasdaq Composite (NASDAQINDEX:^IXIC), and Dow Jones Industrial Average (DJINDICES:^DJI) all higher.\nDATA SOURCE: YAHOO! FINANCE.\nAmazon's after-hours ascent\nShares of Amazon didn't do much during Thursday's regular session. But in the after-hours market, the FAANG stock climbed almost 4% as of 5 p.m. EDT following the e-commerce and cloud computing company's quarterly financial report.\nAmazon's numbers were outstanding. Revenue soared 44% to $108.5 billion, with service sales leading the way higher with a 52% year-over-year gain. Net income more than tripled to $8.1 billion, and that produced earnings of $15.79 per share. All of the numbers were well above what most of those following Amazon had expected.\nIMAGE SOURCE: GETTY IMAGES.\nThe thriving e-commerce business makes complete sense given the ongoing COVID-19 pandemic, but the success of Amazon Web Services was also noteworthy. Segment revenue there rose 32%, with operating income getting a 35% boost.\nFounder and CEO Jeff Bezos celebrated the 10th anniversary of Prime Video and the 15th anniversary of Amazon Web Services, and he foresees plenty of upside for them in the future.Amazon has a host of growth opportunities lined up ahead of it, and shareholders have to like what they're seeing from the colossus as it looks forward.\nAtlassian wins one for the team\nElsewhere, shares of Atlassian reversed a 3% drop during the regular session by rising almost 7% after hours. The workplace collaboration software platform provider continued to build positive momentum as it released its fiscal third-quarter financial results.\nAtlassian continued to see the benefit of high demand for its services in its quarterly numbers. Third-quarter revenue jumped 38% from the year-ago period, with subscription-based sales soaring at an even faster 43% rate. Atlassian contained costs well, leading to the company reversing its year-earlier loss with earnings of $0.63 per share.\nIn particular, cloud migration is playing a huge role in Atlassian's success. The company pointed to data analytics provider Splunk (NASDAQ:SPLK) as just one example of many companies moving to the cloud in order to get more value from Atlassian offerings like Jira and Confluence. Moreover, by working closely with clients, Atlassian is developing the products and services that resonate most with users.\nAtlassian has flown under the radar of many investors, but it's rapidly becoming a massive player in the global cloud services industry. It might never catch up to Amazon, but there's a lot to like in what Atlassian has done so far.","news_type":1},"isVote":1,"tweetType":1,"viewCount":83,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3572473598295239","authorId":"3572473598295239","name":"sohjonathan","avatar":"https://static.tigerbbs.com/2ef35fe6671e02b60fc35655771f060a","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3572473598295239","idStr":"3572473598295239"},"content":"Comment back pls","text":"Comment back pls","html":"Comment back pls"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9915616123,"gmtCreate":1665020192062,"gmtModify":1676537545346,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571546243427161","idStr":"3571546243427161"},"themes":[],"htmlText":"Nice 👍🏻 //<a href=\"https://ttm.financial/U/4092458811577680\">@PearlynCSY</a>:S&P 500 closes lower Wednesday after two days of strong gains. U.S. stocks fell on Wednesday as Wall Street failed to hold on to the sharp gains from the last two sessions.The Dow Jones Industrial Average lost 0.14%, to 30,273.87. The S&P 500 lost 0.20% to close at 3,783.28, and the Nasdaq Composite slid 0.25% to 11,148.64.“It’s a moment of pause for the market to reflect on how durable the rally the past two days actually could turn out to be,” said Yung-Yu Ma, chief investment strategist for BMO Wealth Management. “The market’s making the assessment that it’s really going to take a lot for the Fed to make a dovish pivot. Yes, the JOLTS number was extremely welcome, no question about that. But that i","listText":"Nice 👍🏻 //<a href=\"https://ttm.financial/U/4092458811577680\">@PearlynCSY</a>:S&P 500 closes lower Wednesday after two days of strong gains. U.S. stocks fell on Wednesday as Wall Street failed to hold on to the sharp gains from the last two sessions.The Dow Jones Industrial Average lost 0.14%, to 30,273.87. The S&P 500 lost 0.20% to close at 3,783.28, and the Nasdaq Composite slid 0.25% to 11,148.64.“It’s a moment of pause for the market to reflect on how durable the rally the past two days actually could turn out to be,” said Yung-Yu Ma, chief investment strategist for BMO Wealth Management. “The market’s making the assessment that it’s really going to take a lot for the Fed to make a dovish pivot. Yes, the JOLTS number was extremely welcome, no question about that. But that i","text":"Nice 👍🏻 //@PearlynCSY:S&P 500 closes lower Wednesday after two days of strong gains. U.S. stocks fell on Wednesday as Wall Street failed to hold on to the sharp gains from the last two sessions.The Dow Jones Industrial Average lost 0.14%, to 30,273.87. The S&P 500 lost 0.20% to close at 3,783.28, and the Nasdaq Composite slid 0.25% to 11,148.64.“It’s a moment of pause for the market to reflect on how durable the rally the past two days actually could turn out to be,” said Yung-Yu Ma, chief investment strategist for BMO Wealth Management. “The market’s making the assessment that it’s really going to take a lot for the Fed to make a dovish pivot. Yes, the JOLTS number was extremely welcome, no question about that. But that i","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":8,"repostSize":0,"link":"https://ttm.financial/post/9915616123","repostId":"2273289978","repostType":4,"repost":{"id":"2273289978","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1665010824,"share":"https://ttm.financial/m/news/2273289978?lang=&edition=fundamental","pubTime":"2022-10-06 07:00","market":"us","language":"en","title":"US STOCKS-Wall St Ends Down As Two-Day Rally Fizzles on Data, Fed Message","url":"https://stock-news.laohu8.com/highlight/detail?id=2273289978","media":"Reuters","summary":"Stocks rise in late-day surge on oversold conditionsU.S. private payrolls increase in September - ADPTwitter eases from one-year high, Tesla falls 6%Energy stocks jump as OPEC+ agrees to oil output cu","content":"<html><head></head><body><ul><li>Stocks rise in late-day surge on oversold conditions</li><li>U.S. private payrolls increase in September - ADP</li><li>Twitter eases from one-year high, Tesla falls 6%</li><li>Energy stocks jump as OPEC+ agrees to oil output cuts</li><li>Indices fall: Dow down 0.14%, S&P 0.20%, Nasdaq 0.25%</li></ul><p>Wall Street stocks closed lower on Wednesday, unable to sustain a late-day surge, after data showing strong U.S. labor demand again suggested the Federal Reserve will keep interest rates higher for longer.</p><p>Fed officials have insisted on aggressive rate tightening to battle inflation, a message the market has feared would lead to a hard landing and likely recession.</p><p>However, investors also sought bargains in a market that appears oversold. The forward price-to-earnings ratio is at 15.9, close to its historic mean, down from around 22 before the market's big slide this year.</p><p>"By battling back, to me that is a favorable indicator that this rally could have legs," said Sam Stovall, chief investment strategist at CFRA Research in New York.</p><p>"It too confirms that investors believe, traders believe, that there's still more to go in this rally," he said.</p><p>U.S. private employers stepped up hiring in September, the ADP National Employment report on Wednesday showed, suggesting rising rates and tighter financial conditions have yet to curb labor demand as the Fed battles high inflation.</p><p>The Institute for Supply Management's services industry employment gauge shot up in another sign labor remains strong as the overall industry slowed modestly in September.</p><p>The Fed is expected to deliver a fourth straight 75-basis-point rate hike when policymakers meet Nov. 1-2, the pricing of fed fund futures shows, according to CME's FedWatch tool.</p><p>San Francisco Fed President Mary Daly told Bloomberg TV in an interview that inflation is problematic and that the U.S. central bank would stay the course.</p><p>"The path is clear: we are going to raise rates to restrictive territory, then hold them there for a while," she said. "We are committed to bringing inflation down, staying course until we are well and truly done."</p><p>The benchmark S&P 500 index rose 5.7% Monday and Tuesday as Treasury yields slid sharply on softer U.S. economic data, the UK's turnaround on proposed tax cuts that had roiled markets and Australia's smaller-than-expected rate hike.</p><p>Treasury yields shot up again on Wednesday after the softer economic data failed to bolster budding hopes the Fed might pivot to a less hawkish policy stance.</p><p>Eight of the 11 major S&P 500 sectors fell, led by a 2.25% decline in utilities and 1.9% drop in real estate.</p><p>The energy sector led the market higher, up 2.06%, after the Organization of the Petroleum Exporting Countries and allies agreed to cut oil production the deepest since the COVID-19 pandemic began, curbing supply in an already tight market.</p><p>The Dow Jones Industrial Average fell 42.45 points, or 0.14%, to 30,273.87, the S&P 500 lost 7.65 points, or 0.20%, to 3,783.28 and the Nasdaq Composite dropped 27.77 points, or 0.25%, to 11,148.64.</p><p>Volume on U.S. exchanges was 10.43 billion shares, compared with the 11.64 billion average for the full session over the past 20 trading days.</p><p>Twitter Inc lost momentum in line with its peers, a day after surging 22% on billionaire Elon Musk's decision to proceed with his original $44-billion bid to take the social media company private.</p><p>Twitter fell 1.35% and Tesla Inc, the electric-car maker headed by Musk, also slid 3.46.</p><p>Declining issues outnumbered advancers on the NYSE by a 2.08-to-1 ratio; on Nasdaq, a 1.69-to-1 ratio favored decliners.</p><p>The S&P 500 posted two new 52-week highs and nine new lows; the Nasdaq Composite recorded 49 new highs and 128 new lows.</p><p><img src=\"https://static.tigerbbs.com/b3a33699b08a1ca797d83440e680afee\" tg-width=\"1080\" tg-height=\"1920\" 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>US STOCKS-Wall St Ends Down As Two-Day Rally Fizzles on Data, Fed Message</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\">\nUS STOCKS-Wall St Ends Down As Two-Day Rally Fizzles on Data, Fed Message\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-10-06 07:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>Stocks rise in late-day surge on oversold conditions</li><li>U.S. private payrolls increase in September - ADP</li><li>Twitter eases from one-year high, Tesla falls 6%</li><li>Energy stocks jump as OPEC+ agrees to oil output cuts</li><li>Indices fall: Dow down 0.14%, S&P 0.20%, Nasdaq 0.25%</li></ul><p>Wall Street stocks closed lower on Wednesday, unable to sustain a late-day surge, after data showing strong U.S. labor demand again suggested the Federal Reserve will keep interest rates higher for longer.</p><p>Fed officials have insisted on aggressive rate tightening to battle inflation, a message the market has feared would lead to a hard landing and likely recession.</p><p>However, investors also sought bargains in a market that appears oversold. The forward price-to-earnings ratio is at 15.9, close to its historic mean, down from around 22 before the market's big slide this year.</p><p>"By battling back, to me that is a favorable indicator that this rally could have legs," said Sam Stovall, chief investment strategist at CFRA Research in New York.</p><p>"It too confirms that investors believe, traders believe, that there's still more to go in this rally," he said.</p><p>U.S. private employers stepped up hiring in September, the ADP National Employment report on Wednesday showed, suggesting rising rates and tighter financial conditions have yet to curb labor demand as the Fed battles high inflation.</p><p>The Institute for Supply Management's services industry employment gauge shot up in another sign labor remains strong as the overall industry slowed modestly in September.</p><p>The Fed is expected to deliver a fourth straight 75-basis-point rate hike when policymakers meet Nov. 1-2, the pricing of fed fund futures shows, according to CME's FedWatch tool.</p><p>San Francisco Fed President Mary Daly told Bloomberg TV in an interview that inflation is problematic and that the U.S. central bank would stay the course.</p><p>"The path is clear: we are going to raise rates to restrictive territory, then hold them there for a while," she said. "We are committed to bringing inflation down, staying course until we are well and truly done."</p><p>The benchmark S&P 500 index rose 5.7% Monday and Tuesday as Treasury yields slid sharply on softer U.S. economic data, the UK's turnaround on proposed tax cuts that had roiled markets and Australia's smaller-than-expected rate hike.</p><p>Treasury yields shot up again on Wednesday after the softer economic data failed to bolster budding hopes the Fed might pivot to a less hawkish policy stance.</p><p>Eight of the 11 major S&P 500 sectors fell, led by a 2.25% decline in utilities and 1.9% drop in real estate.</p><p>The energy sector led the market higher, up 2.06%, after the Organization of the Petroleum Exporting Countries and allies agreed to cut oil production the deepest since the COVID-19 pandemic began, curbing supply in an already tight market.</p><p>The Dow Jones Industrial Average fell 42.45 points, or 0.14%, to 30,273.87, the S&P 500 lost 7.65 points, or 0.20%, to 3,783.28 and the Nasdaq Composite dropped 27.77 points, or 0.25%, to 11,148.64.</p><p>Volume on U.S. exchanges was 10.43 billion shares, compared with the 11.64 billion average for the full session over the past 20 trading days.</p><p>Twitter Inc lost momentum in line with its peers, a day after surging 22% on billionaire Elon Musk's decision to proceed with his original $44-billion bid to take the social media company private.</p><p>Twitter fell 1.35% and Tesla Inc, the electric-car maker headed by Musk, also slid 3.46.</p><p>Declining issues outnumbered advancers on the NYSE by a 2.08-to-1 ratio; on Nasdaq, a 1.69-to-1 ratio favored decliners.</p><p>The S&P 500 posted two new 52-week highs and nine new lows; the Nasdaq Composite recorded 49 new highs and 128 new lows.</p><p><img src=\"https://static.tigerbbs.com/b3a33699b08a1ca797d83440e680afee\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2273289978","content_text":"Stocks rise in late-day surge on oversold conditionsU.S. private payrolls increase in September - ADPTwitter eases from one-year high, Tesla falls 6%Energy stocks jump as OPEC+ agrees to oil output cutsIndices fall: Dow down 0.14%, S&P 0.20%, Nasdaq 0.25%Wall Street stocks closed lower on Wednesday, unable to sustain a late-day surge, after data showing strong U.S. labor demand again suggested the Federal Reserve will keep interest rates higher for longer.Fed officials have insisted on aggressive rate tightening to battle inflation, a message the market has feared would lead to a hard landing and likely recession.However, investors also sought bargains in a market that appears oversold. The forward price-to-earnings ratio is at 15.9, close to its historic mean, down from around 22 before the market's big slide this year.\"By battling back, to me that is a favorable indicator that this rally could have legs,\" said Sam Stovall, chief investment strategist at CFRA Research in New York.\"It too confirms that investors believe, traders believe, that there's still more to go in this rally,\" he said.U.S. private employers stepped up hiring in September, the ADP National Employment report on Wednesday showed, suggesting rising rates and tighter financial conditions have yet to curb labor demand as the Fed battles high inflation.The Institute for Supply Management's services industry employment gauge shot up in another sign labor remains strong as the overall industry slowed modestly in September.The Fed is expected to deliver a fourth straight 75-basis-point rate hike when policymakers meet Nov. 1-2, the pricing of fed fund futures shows, according to CME's FedWatch tool.San Francisco Fed President Mary Daly told Bloomberg TV in an interview that inflation is problematic and that the U.S. central bank would stay the course.\"The path is clear: we are going to raise rates to restrictive territory, then hold them there for a while,\" she said. \"We are committed to bringing inflation down, staying course until we are well and truly done.\"The benchmark S&P 500 index rose 5.7% Monday and Tuesday as Treasury yields slid sharply on softer U.S. economic data, the UK's turnaround on proposed tax cuts that had roiled markets and Australia's smaller-than-expected rate hike.Treasury yields shot up again on Wednesday after the softer economic data failed to bolster budding hopes the Fed might pivot to a less hawkish policy stance.Eight of the 11 major S&P 500 sectors fell, led by a 2.25% decline in utilities and 1.9% drop in real estate.The energy sector led the market higher, up 2.06%, after the Organization of the Petroleum Exporting Countries and allies agreed to cut oil production the deepest since the COVID-19 pandemic began, curbing supply in an already tight market.The Dow Jones Industrial Average fell 42.45 points, or 0.14%, to 30,273.87, the S&P 500 lost 7.65 points, or 0.20%, to 3,783.28 and the Nasdaq Composite dropped 27.77 points, or 0.25%, to 11,148.64.Volume on U.S. exchanges was 10.43 billion shares, compared with the 11.64 billion average for the full session over the past 20 trading days.Twitter Inc lost momentum in line with its peers, a day after surging 22% on billionaire Elon Musk's decision to proceed with his original $44-billion bid to take the social media company private.Twitter fell 1.35% and Tesla Inc, the electric-car maker headed by Musk, also slid 3.46.Declining issues outnumbered advancers on the NYSE by a 2.08-to-1 ratio; on Nasdaq, a 1.69-to-1 ratio favored decliners.The S&P 500 posted two new 52-week highs and nine new lows; the Nasdaq Composite recorded 49 new highs and 128 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":148,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120201548,"gmtCreate":1624323466384,"gmtModify":1703833407403,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571546243427161","idStr":"3571546243427161"},"themes":[],"htmlText":"Pls like and comments ","listText":"Pls like and comments ","text":"Pls like and comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":7,"repostSize":0,"link":"https://ttm.financial/post/120201548","repostId":"1191349655","repostType":4,"repost":{"id":"1191349655","pubTimestamp":1624316842,"share":"https://ttm.financial/m/news/1191349655?lang=&edition=fundamental","pubTime":"2021-06-22 07:07","market":"us","language":"en","title":"Wall Street ends sharply higher, led by surging Dow","url":"https://stock-news.laohu8.com/highlight/detail?id=1191349655","media":"Reuters","summary":"(Reuters) - Wall Street rallied on Monday, with the Dow completing its strongest session in over thr","content":"<p>(Reuters) - Wall Street rallied on Monday, with the Dow completing its strongest session in over three months as investors piled back in to energy and other sectors expected to outperform as the economy rebounds from the pandemic.</p>\n<p>The small-cap Russell 2000 and the Dow Jones Transports Average, considered a barometer of economic health, both jumped about 2%.</p>\n<p>The S&P 500 value index, which includes banks, energy and other economically sensitive sectors and has led gains in U.S. equities so far this year, surged 1.9%, outperforming a 0.9% rise in the growth index.</p>\n<p>That was a stark reversal from last week, when the Fed’s hawkish signals on monetary policy sparked a round of profit taking that wiped out value stocks’ lead over growth this month and triggered the worst weekly performance for the Dow and the S&P 500 in months.</p>\n<p>“The overall theme here is the market still does not know whether it wants easy money or tight money and it’s in a tug of war,” said Randy Frederick, vice president of trading and derivatives at Charles Schwab.</p>\n<p>All 11 S&P 500 sector indexes rose, with energy jumping 4.3% and leading the way, followed by financials, up 2.4%.</p>\n<p>Microsoft Corp rose 1.2% to close at an all-time high.</p>\n<p>The S&P 500 has traded in a tight range this month as investors juggled fears of an overheating economy with optimism about a strong economic rebound.</p>\n<p>(Graphic: Value vs Growth stocks, )</p>\n<p><img src=\"https://static.tigerbbs.com/cef3457ef1409a02e910dfc35591b8dc\" tg-width=\"963\" tg-height=\"726\" referrerpolicy=\"no-referrer\"></p>\n<p>Focus this week will be on U.S. factory activity surveys and home sales data, while Fed Chair Jerome Powell testifies before Congress on Tuesday.</p>\n<p>The Dow Jones Industrial Average rose 1.76% to end at 33,876.97 points, while the S&P 500 gained 1.40% to 4,224.79. The Nasdaq Composite climbed 0.79% to 14,141.48.</p>\n<p>Cryptocurrency stocks, including miners Riot Blockchain, Marathon Patent Group and crypto exchange Coinbase Global, tumbled between 1% and 4% on China’s expanding crackdown on bitcoin mining.</p>\n<p>Moderna Inc rallied 4.5% after a report said the drugmaker is adding two new production lines at a COVID-19 vaccine manufacturing plant, in a bid to prepare for making more booster shots.</p>\n<p>Market participants are girding for a major trading event on Friday, when the FTSE Russell completes the annual rebalancing of its indexes, potentially affecting trillions of dollars in investments.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 2.86-to-1 ratio; on Nasdaq, a 1.44-to-1 ratio favored advancers.</p>\n<p>The S&P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 74 new highs and 55 new lows.</p>\n<p>Volume on U.S. exchanges was 10.1 billion shares, compared with the 11 billion average over the last 20 trading days.</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>Wall Street ends sharply higher, led by surging Dow</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; 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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\">\nWall Street ends sharply higher, led by surging Dow\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-22 07:07 GMT+8 <a href=https://www.reuters.com/article/us-usa-stocks/wall-street-ends-sharply-higher-led-by-surging-dow-idUSKCN2DX12Z><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Wall Street rallied on Monday, with the Dow completing its strongest session in over three months as investors piled back in to energy and other sectors expected to outperform as the ...</p>\n\n<a href=\"https://www.reuters.com/article/us-usa-stocks/wall-street-ends-sharply-higher-led-by-surging-dow-idUSKCN2DX12Z\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","MSFT":"微软",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.reuters.com/article/us-usa-stocks/wall-street-ends-sharply-higher-led-by-surging-dow-idUSKCN2DX12Z","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191349655","content_text":"(Reuters) - Wall Street rallied on Monday, with the Dow completing its strongest session in over three months as investors piled back in to energy and other sectors expected to outperform as the economy rebounds from the pandemic.\nThe small-cap Russell 2000 and the Dow Jones Transports Average, considered a barometer of economic health, both jumped about 2%.\nThe S&P 500 value index, which includes banks, energy and other economically sensitive sectors and has led gains in U.S. equities so far this year, surged 1.9%, outperforming a 0.9% rise in the growth index.\nThat was a stark reversal from last week, when the Fed’s hawkish signals on monetary policy sparked a round of profit taking that wiped out value stocks’ lead over growth this month and triggered the worst weekly performance for the Dow and the S&P 500 in months.\n“The overall theme here is the market still does not know whether it wants easy money or tight money and it’s in a tug of war,” said Randy Frederick, vice president of trading and derivatives at Charles Schwab.\nAll 11 S&P 500 sector indexes rose, with energy jumping 4.3% and leading the way, followed by financials, up 2.4%.\nMicrosoft Corp rose 1.2% to close at an all-time high.\nThe S&P 500 has traded in a tight range this month as investors juggled fears of an overheating economy with optimism about a strong economic rebound.\n(Graphic: Value vs Growth stocks, )\n\nFocus this week will be on U.S. factory activity surveys and home sales data, while Fed Chair Jerome Powell testifies before Congress on Tuesday.\nThe Dow Jones Industrial Average rose 1.76% to end at 33,876.97 points, while the S&P 500 gained 1.40% to 4,224.79. The Nasdaq Composite climbed 0.79% to 14,141.48.\nCryptocurrency stocks, including miners Riot Blockchain, Marathon Patent Group and crypto exchange Coinbase Global, tumbled between 1% and 4% on China’s expanding crackdown on bitcoin mining.\nModerna Inc rallied 4.5% after a report said the drugmaker is adding two new production lines at a COVID-19 vaccine manufacturing plant, in a bid to prepare for making more booster shots.\nMarket participants are girding for a major trading event on Friday, when the FTSE Russell completes the annual rebalancing of its indexes, potentially affecting trillions of dollars in investments.\nAdvancing issues outnumbered declining ones on the NYSE by a 2.86-to-1 ratio; on Nasdaq, a 1.44-to-1 ratio favored advancers.\nThe S&P 500 posted 20 new 52-week highs and no new lows; the Nasdaq Composite recorded 74 new highs and 55 new lows.\nVolume on U.S. exchanges was 10.1 billion shares, compared with the 11 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":86,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376580410,"gmtCreate":1619136872530,"gmtModify":1704720128955,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571546243427161","idStr":"3571546243427161"},"themes":[],"htmlText":"Pls like and comments ","listText":"Pls like and comments ","text":"Pls like and comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":9,"repostSize":0,"link":"https://ttm.financial/post/376580410","repostId":"2129331568","repostType":4,"repost":{"id":"2129331568","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1619132400,"share":"https://ttm.financial/m/news/2129331568?lang=&edition=fundamental","pubTime":"2021-04-23 07:00","market":"hk","language":"en","title":"Biden has pledged to tax the rich -- but precisely how will he do that? Experts consider his options","url":"https://stock-news.laohu8.com/highlight/detail?id=2129331568","media":"Dow Jones","summary":"Biden could announce details on new taxes on the wealthy as soon as next week, observers said.If Pre","content":"<p>Biden could announce details on new taxes on the wealthy as soon as next week, observers said.</p><p>If President Joe Biden's campaign pledges to tax the rich were the coming attractions, we're about to arrive at the main event.</p><p>After unveiling a $2.3 trillion infrastructure spending proposal . The president is expected to fund the forthcoming plan with tax increases on wealthy households.The question is precisely which tax hikes will he propose? And what can he get through a Congress where Democrats have the barest of majorities -- <a href=\"https://laohu8.com/S/AONE\">one</a> where the president cannot afford any 'no' votes?</p><p>Biden could formally announce the plan as soon as April 28, commentators said. So far, the White House hasn't provided details. But White House Press Secretary Jen Psaki confirmed Biden would discuss the plan at a scheduled address to Congress next week.</p><p>Some specifics are starting to seep out, including a Bloomberg News report Thursday saying Biden will boost the capital gains rate tax to 39.6% for households earning at least $1 million, citing people familiar with the proposal. Coupled with an added 3.8% tax linked to the Affordable Care Act, that's a potential 43.4% rate.</p><p>When asked about the report on the potential capital gains rate hike, Psaki said she did not want to comment ahead of Biden's decisions.</p><p>All the stock market benchmarks began falling on the news, with the Dow Jones Industrial Average sliding 300 points the trading day down around 322 points, while the S&P 500 fell around 38 points and the Nasdaq Composite dropped 132 points.</p><p>As for Biden's other plans to tax the wealthy, observers said it was possible to make some educated guesses about which tax provisions are under consideration by reviewing Biden's stances during his run for president, when he said he wouldn't raise taxes on anyone making less than $400,000.</p><p><b>Reading the taxation 'tea leaves'</b></p><p>Experts also try reading the taxation \"tea leaves\" by looking at the people Biden has tapped to serve in his administration.</p><p>The rate for the top income tax bracket, new rules for estates and new tax treatment for the investment income of rich people are all likely in the mix, they say.</p><p>Some proposals could chart new terrain in the tax code, they note, while others may just quickly undo Trump-era tax rules that are set to elapse at the end of 2025. Either way, some array of increases is coming, they note.</p><p>\"At this point, taxes are not getting any lower,\" said David Kirk, a tax partner who leads Ernst & Young's Private Tax Group. \"They are only going to go up from here. The question is how?\"</p><p>The answers matter a lot for the Biden administration as it presses its policy agenda. It also matters for higher-income households as they determine tax planning, investment portfolio strategy and end-of-life matters.</p><p>Data on tax minimization strategies show wealthy taxpayers haven't been waiting.</p><p>Here's a look at some of the specific tax provisions that might be in play, and what's known and not known yet.</p><p><b>A new top tax rate</b></p><p>Candidate Biden didn't propose a wealth tax, but he did propose putting the top marginal rate at 39.6%. That's where it was before the 2017 Tax Cuts and Jobs Act lowered the rate to 37% (as well as lowering the rates on four other brackets down the income ladder).</p><p>Kirk, formerly an attorney in the Internal Revenue Service's Office of Chief Counsel, said the potential rate raise was \"relatively low hanging fruit\" for the administration.</p><p>Ed Mills, a Washington D.C. policy analyst at Raymond James, agreed the potential rate hike looked likely. \"The political sales point is, 'It's not necessarily raising those taxes, it's reverting taxes back to where they were before the Trump tax cuts,'\" he said.</p><p>One quirk is the top rate in 2021 applies to individuals making at least $523,601 a year or couples making $628,301 a year. So does Biden shuffle things so households making $400,000 now fall under the top rate instead of the second-highest 35% rate? \"Those are all political decisions\" still to come, Mills said.Tweaking the top rate could produce $100 billion in new tax revenue, according to a Tuesday note from Evercore ISI -- the investment banking advisory firm calls the change \"likely.\"</p><p><b>Revised estate taxes</b></p><p>The Tax Cuts and Jobs Act doubled the threshold where the 40% federal estate taxes kicked in. It previously was $5.49 million per person ($10.98 million for married couple) and this year is $11.58 million per person ($23.16 million for married couples). The number is indexed for inflation. Like the marginal rates, the 2017 law lets the estate tax exemptions expire after 2025.</p><p>But Biden may want to quicken the expiration date and, Kirk noted, he's brought on people who are keenly aware of estate-tax workings.</p><p>Lily Batchelder has been nominated as assistant secretary for tax policy in the Treasury Department, he noted. (The White House formally sent her nomination to the Senate last week.)</p><p>Batchelder previously taught at New York University's School of Law, where she estimated that federal estate taxes would rake in $16 billion last year, making for an effective estate tax rate around 2% .</p><p>\"Despite our founding vision as a land of opportunity, the United States ranks at or near the bottom among high-income countries in economic equality and intergenerational mobility. Our tax code plays a key role,\" Batchelder, also an Obama administration official, wrote last year.</p><p>If estate taxes are getting revised, <a href=\"https://laohu8.com/S/AONE.U\">one</a> question is where the exemption level is set and whether the rate stays at 40%.</p><p>Some estate tax changes are a \"done deal\" in the eyes of Professor Donald Williamson, executive director of American University's Kogod Tax Policy Center. \"Politically, it makes sense because average working Americans don't have estates to leave to their children,\" he said.</p><p>Approximately 4,100 estate-tax returns will be filed for people who died last year, according to projections .</p><p>An increase in estate tax also means the \"step up in basis\" is on the chopping block, Williamson said. This tax rule says if an heir sells inherited assets, the price appreciation -- and resulting capital gains tax -- starts from the time of inheritance, not when the asset was originally acquired.</p><p>If an asset like long-held shares in a blue-chip company keeps growing in value, that's a major shield against a major capital gains tax liability.</p><p>But there can be capital gains implications when businesses are sold or inherited -- and that's setting up battle lines.</p><p>\"Eliminating step-up in basis would require small business owners to pay a new tax when a family business partner dies, and potentially force them to sell their business just to pay the tax and associated fees,\" said Courtney Titus Brooks, senior manager of federal government relations at the National Federation of Independent Business, an advocacy organization for small businesses.</p><p>Biden's forthcoming proposal \"may include\" estate tax changes, which could generate $500 billion, and changes to the step-up in basis are \"very likely,\" Evercore ISI's note added.</p><p><b>New rules and rates for capital gains</b></p><p>Right now, the capital-gains rate for the richest taxpayers starts at 20%, though the rates may go higher depending on the assets being sold.</p><p>Candidate Biden has said he'd raise the capital gains rate to 39.6% for household making at least $1 million so that their investment income is taxed just like their ordinary income.</p><p>Income brackets and estate taxes are one thing, but changes to the capital gains rules could be a tougher effort, Kirk said. First off, he wondered, can Biden convince lawmakers to counter a century of tax law -- since the 1921 Revenue Act -- that has taxed long-term capital gains at a lower, preferential rate?</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>Biden has pledged to tax the rich -- but precisely how will he do that? Experts consider his options</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\">\nBiden has pledged to tax the rich -- but precisely how will he do that? Experts consider his options\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-04-23 07:00</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Biden could announce details on new taxes on the wealthy as soon as next week, observers said.</p><p>If President Joe Biden's campaign pledges to tax the rich were the coming attractions, we're about to arrive at the main event.</p><p>After unveiling a $2.3 trillion infrastructure spending proposal . The president is expected to fund the forthcoming plan with tax increases on wealthy households.The question is precisely which tax hikes will he propose? And what can he get through a Congress where Democrats have the barest of majorities -- <a href=\"https://laohu8.com/S/AONE\">one</a> where the president cannot afford any 'no' votes?</p><p>Biden could formally announce the plan as soon as April 28, commentators said. So far, the White House hasn't provided details. But White House Press Secretary Jen Psaki confirmed Biden would discuss the plan at a scheduled address to Congress next week.</p><p>Some specifics are starting to seep out, including a Bloomberg News report Thursday saying Biden will boost the capital gains rate tax to 39.6% for households earning at least $1 million, citing people familiar with the proposal. Coupled with an added 3.8% tax linked to the Affordable Care Act, that's a potential 43.4% rate.</p><p>When asked about the report on the potential capital gains rate hike, Psaki said she did not want to comment ahead of Biden's decisions.</p><p>All the stock market benchmarks began falling on the news, with the Dow Jones Industrial Average sliding 300 points the trading day down around 322 points, while the S&P 500 fell around 38 points and the Nasdaq Composite dropped 132 points.</p><p>As for Biden's other plans to tax the wealthy, observers said it was possible to make some educated guesses about which tax provisions are under consideration by reviewing Biden's stances during his run for president, when he said he wouldn't raise taxes on anyone making less than $400,000.</p><p><b>Reading the taxation 'tea leaves'</b></p><p>Experts also try reading the taxation \"tea leaves\" by looking at the people Biden has tapped to serve in his administration.</p><p>The rate for the top income tax bracket, new rules for estates and new tax treatment for the investment income of rich people are all likely in the mix, they say.</p><p>Some proposals could chart new terrain in the tax code, they note, while others may just quickly undo Trump-era tax rules that are set to elapse at the end of 2025. Either way, some array of increases is coming, they note.</p><p>\"At this point, taxes are not getting any lower,\" said David Kirk, a tax partner who leads Ernst & Young's Private Tax Group. \"They are only going to go up from here. The question is how?\"</p><p>The answers matter a lot for the Biden administration as it presses its policy agenda. It also matters for higher-income households as they determine tax planning, investment portfolio strategy and end-of-life matters.</p><p>Data on tax minimization strategies show wealthy taxpayers haven't been waiting.</p><p>Here's a look at some of the specific tax provisions that might be in play, and what's known and not known yet.</p><p><b>A new top tax rate</b></p><p>Candidate Biden didn't propose a wealth tax, but he did propose putting the top marginal rate at 39.6%. That's where it was before the 2017 Tax Cuts and Jobs Act lowered the rate to 37% (as well as lowering the rates on four other brackets down the income ladder).</p><p>Kirk, formerly an attorney in the Internal Revenue Service's Office of Chief Counsel, said the potential rate raise was \"relatively low hanging fruit\" for the administration.</p><p>Ed Mills, a Washington D.C. policy analyst at Raymond James, agreed the potential rate hike looked likely. \"The political sales point is, 'It's not necessarily raising those taxes, it's reverting taxes back to where they were before the Trump tax cuts,'\" he said.</p><p>One quirk is the top rate in 2021 applies to individuals making at least $523,601 a year or couples making $628,301 a year. So does Biden shuffle things so households making $400,000 now fall under the top rate instead of the second-highest 35% rate? \"Those are all political decisions\" still to come, Mills said.Tweaking the top rate could produce $100 billion in new tax revenue, according to a Tuesday note from Evercore ISI -- the investment banking advisory firm calls the change \"likely.\"</p><p><b>Revised estate taxes</b></p><p>The Tax Cuts and Jobs Act doubled the threshold where the 40% federal estate taxes kicked in. It previously was $5.49 million per person ($10.98 million for married couple) and this year is $11.58 million per person ($23.16 million for married couples). The number is indexed for inflation. Like the marginal rates, the 2017 law lets the estate tax exemptions expire after 2025.</p><p>But Biden may want to quicken the expiration date and, Kirk noted, he's brought on people who are keenly aware of estate-tax workings.</p><p>Lily Batchelder has been nominated as assistant secretary for tax policy in the Treasury Department, he noted. (The White House formally sent her nomination to the Senate last week.)</p><p>Batchelder previously taught at New York University's School of Law, where she estimated that federal estate taxes would rake in $16 billion last year, making for an effective estate tax rate around 2% .</p><p>\"Despite our founding vision as a land of opportunity, the United States ranks at or near the bottom among high-income countries in economic equality and intergenerational mobility. Our tax code plays a key role,\" Batchelder, also an Obama administration official, wrote last year.</p><p>If estate taxes are getting revised, <a href=\"https://laohu8.com/S/AONE.U\">one</a> question is where the exemption level is set and whether the rate stays at 40%.</p><p>Some estate tax changes are a \"done deal\" in the eyes of Professor Donald Williamson, executive director of American University's Kogod Tax Policy Center. \"Politically, it makes sense because average working Americans don't have estates to leave to their children,\" he said.</p><p>Approximately 4,100 estate-tax returns will be filed for people who died last year, according to projections .</p><p>An increase in estate tax also means the \"step up in basis\" is on the chopping block, Williamson said. This tax rule says if an heir sells inherited assets, the price appreciation -- and resulting capital gains tax -- starts from the time of inheritance, not when the asset was originally acquired.</p><p>If an asset like long-held shares in a blue-chip company keeps growing in value, that's a major shield against a major capital gains tax liability.</p><p>But there can be capital gains implications when businesses are sold or inherited -- and that's setting up battle lines.</p><p>\"Eliminating step-up in basis would require small business owners to pay a new tax when a family business partner dies, and potentially force them to sell their business just to pay the tax and associated fees,\" said Courtney Titus Brooks, senior manager of federal government relations at the National Federation of Independent Business, an advocacy organization for small businesses.</p><p>Biden's forthcoming proposal \"may include\" estate tax changes, which could generate $500 billion, and changes to the step-up in basis are \"very likely,\" Evercore ISI's note added.</p><p><b>New rules and rates for capital gains</b></p><p>Right now, the capital-gains rate for the richest taxpayers starts at 20%, though the rates may go higher depending on the assets being sold.</p><p>Candidate Biden has said he'd raise the capital gains rate to 39.6% for household making at least $1 million so that their investment income is taxed just like their ordinary income.</p><p>Income brackets and estate taxes are one thing, but changes to the capital gains rules could be a tougher effort, Kirk said. First off, he wondered, can Biden convince lawmakers to counter a century of tax law -- since the 1921 Revenue Act -- that has taxed long-term capital gains at a lower, preferential rate?</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2129331568","content_text":"Biden could announce details on new taxes on the wealthy as soon as next week, observers said.If President Joe Biden's campaign pledges to tax the rich were the coming attractions, we're about to arrive at the main event.After unveiling a $2.3 trillion infrastructure spending proposal . The president is expected to fund the forthcoming plan with tax increases on wealthy households.The question is precisely which tax hikes will he propose? And what can he get through a Congress where Democrats have the barest of majorities -- one where the president cannot afford any 'no' votes?Biden could formally announce the plan as soon as April 28, commentators said. So far, the White House hasn't provided details. But White House Press Secretary Jen Psaki confirmed Biden would discuss the plan at a scheduled address to Congress next week.Some specifics are starting to seep out, including a Bloomberg News report Thursday saying Biden will boost the capital gains rate tax to 39.6% for households earning at least $1 million, citing people familiar with the proposal. Coupled with an added 3.8% tax linked to the Affordable Care Act, that's a potential 43.4% rate.When asked about the report on the potential capital gains rate hike, Psaki said she did not want to comment ahead of Biden's decisions.All the stock market benchmarks began falling on the news, with the Dow Jones Industrial Average sliding 300 points the trading day down around 322 points, while the S&P 500 fell around 38 points and the Nasdaq Composite dropped 132 points.As for Biden's other plans to tax the wealthy, observers said it was possible to make some educated guesses about which tax provisions are under consideration by reviewing Biden's stances during his run for president, when he said he wouldn't raise taxes on anyone making less than $400,000.Reading the taxation 'tea leaves'Experts also try reading the taxation \"tea leaves\" by looking at the people Biden has tapped to serve in his administration.The rate for the top income tax bracket, new rules for estates and new tax treatment for the investment income of rich people are all likely in the mix, they say.Some proposals could chart new terrain in the tax code, they note, while others may just quickly undo Trump-era tax rules that are set to elapse at the end of 2025. Either way, some array of increases is coming, they note.\"At this point, taxes are not getting any lower,\" said David Kirk, a tax partner who leads Ernst & Young's Private Tax Group. \"They are only going to go up from here. The question is how?\"The answers matter a lot for the Biden administration as it presses its policy agenda. It also matters for higher-income households as they determine tax planning, investment portfolio strategy and end-of-life matters.Data on tax minimization strategies show wealthy taxpayers haven't been waiting.Here's a look at some of the specific tax provisions that might be in play, and what's known and not known yet.A new top tax rateCandidate Biden didn't propose a wealth tax, but he did propose putting the top marginal rate at 39.6%. That's where it was before the 2017 Tax Cuts and Jobs Act lowered the rate to 37% (as well as lowering the rates on four other brackets down the income ladder).Kirk, formerly an attorney in the Internal Revenue Service's Office of Chief Counsel, said the potential rate raise was \"relatively low hanging fruit\" for the administration.Ed Mills, a Washington D.C. policy analyst at Raymond James, agreed the potential rate hike looked likely. \"The political sales point is, 'It's not necessarily raising those taxes, it's reverting taxes back to where they were before the Trump tax cuts,'\" he said.One quirk is the top rate in 2021 applies to individuals making at least $523,601 a year or couples making $628,301 a year. So does Biden shuffle things so households making $400,000 now fall under the top rate instead of the second-highest 35% rate? \"Those are all political decisions\" still to come, Mills said.Tweaking the top rate could produce $100 billion in new tax revenue, according to a Tuesday note from Evercore ISI -- the investment banking advisory firm calls the change \"likely.\"Revised estate taxesThe Tax Cuts and Jobs Act doubled the threshold where the 40% federal estate taxes kicked in. It previously was $5.49 million per person ($10.98 million for married couple) and this year is $11.58 million per person ($23.16 million for married couples). The number is indexed for inflation. Like the marginal rates, the 2017 law lets the estate tax exemptions expire after 2025.But Biden may want to quicken the expiration date and, Kirk noted, he's brought on people who are keenly aware of estate-tax workings.Lily Batchelder has been nominated as assistant secretary for tax policy in the Treasury Department, he noted. (The White House formally sent her nomination to the Senate last week.)Batchelder previously taught at New York University's School of Law, where she estimated that federal estate taxes would rake in $16 billion last year, making for an effective estate tax rate around 2% .\"Despite our founding vision as a land of opportunity, the United States ranks at or near the bottom among high-income countries in economic equality and intergenerational mobility. Our tax code plays a key role,\" Batchelder, also an Obama administration official, wrote last year.If estate taxes are getting revised, one question is where the exemption level is set and whether the rate stays at 40%.Some estate tax changes are a \"done deal\" in the eyes of Professor Donald Williamson, executive director of American University's Kogod Tax Policy Center. \"Politically, it makes sense because average working Americans don't have estates to leave to their children,\" he said.Approximately 4,100 estate-tax returns will be filed for people who died last year, according to projections .An increase in estate tax also means the \"step up in basis\" is on the chopping block, Williamson said. This tax rule says if an heir sells inherited assets, the price appreciation -- and resulting capital gains tax -- starts from the time of inheritance, not when the asset was originally acquired.If an asset like long-held shares in a blue-chip company keeps growing in value, that's a major shield against a major capital gains tax liability.But there can be capital gains implications when businesses are sold or inherited -- and that's setting up battle lines.\"Eliminating step-up in basis would require small business owners to pay a new tax when a family business partner dies, and potentially force them to sell their business just to pay the tax and associated fees,\" said Courtney Titus Brooks, senior manager of federal government relations at the National Federation of Independent Business, an advocacy organization for small businesses.Biden's forthcoming proposal \"may include\" estate tax changes, which could generate $500 billion, and changes to the step-up in basis are \"very likely,\" Evercore ISI's note added.New rules and rates for capital gainsRight now, the capital-gains rate for the richest taxpayers starts at 20%, though the rates may go higher depending on the assets being sold.Candidate Biden has said he'd raise the capital gains rate to 39.6% for household making at least $1 million so that their investment income is taxed just like their ordinary income.Income brackets and estate taxes are one thing, but changes to the capital gains rules could be a tougher effort, Kirk said. First off, he wondered, can Biden convince lawmakers to counter a century of tax law -- since the 1921 Revenue Act -- that has taxed long-term capital gains at a lower, preferential rate?","news_type":1},"isVote":1,"tweetType":1,"viewCount":141,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3576900825805492","authorId":"3576900825805492","name":"PYCHUA","avatar":"https://static.tigerbbs.com/7984deb1539a8169f76cb68052224a36","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3576900825805492","idStr":"3576900825805492"},"content":"pls reply. thx","text":"pls reply. thx","html":"pls reply. thx"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183095724,"gmtCreate":1623292557168,"gmtModify":1704200231534,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571546243427161","idStr":"3571546243427161"},"themes":[],"htmlText":"Pls like and comments ","listText":"Pls like and comments ","text":"Pls like and comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":6,"repostSize":0,"link":"https://ttm.financial/post/183095724","repostId":"1142408805","repostType":4,"repost":{"id":"1142408805","pubTimestamp":1623280126,"share":"https://ttm.financial/m/news/1142408805?lang=&edition=fundamental","pubTime":"2021-06-10 07:08","market":"us","language":"en","title":"U.S. stocks end lower ahead of inflation report","url":"https://stock-news.laohu8.com/highlight/detail?id=1142408805","media":"reuters","summary":"NEW YORK (Reuters) - Wall Street ended a see-saw session lower on Wednesday as market participants a","content":"<p>NEW YORK (Reuters) - Wall Street ended a see-saw session lower on Wednesday as market participants awaited inflation data for clues as to when the U.S. Federal Reserve might tighten its dovish monetary policy.</p>\n<p>The retail “meme stock” craze continued unabated.</p>\n<p>All three major U.S. stock indexes reversed earlier gains, but remained range-bound in the absence of any clear market catalysts.</p>\n<p>“There’s a lull period in terms of news,” said Chuck Carlson, chief executive at Horizon Investment Services in Hammond, Indiana. “We’re through earnings period and people are waiting for inflation numbers tomorrow, so you have a mixed market where the major averages aren’t doing much of anything.”</p>\n<p>Heavily shorted meme stocks extended their social media-driven rally, with Aethlon Medical soaring 388.2%.</p>\n<p>Reddit chatter also helped to lift shares of prison operator GEO Group and World Wrestling Entertainment 38.4% and 10.9%, respectively.</p>\n<p>However, other meme stocks such as Clover Health, AMC Entertainment and Bed Bath & Beyond closed lower.</p>\n<p>Retail volume has returned to its January peak, according to Vanda Research, as social media forums scramble to identify the next GameStop Corp, the stock that kicked off the phenomenon.</p>\n<p>“It feels like alternative stock market,” Carlson added. It’s an indication of speculation. You can be successful if you get in at the right moment but it’s very difficult to play successfully over time.”</p>\n<p>“I don’t think you should read too much regarding the broader market.”</p>\n<p>GameStop named Matt Furlong as its new CEO ahead of its earnings report, which showed a quarterly loss of $1.01 per share. Its shares fell over 4% in after-hours trading.</p>\n<p>U.S. President Joe Biden changed course in ongoing negotiations to reach a bipartisan agreement on infrastructure spending after one-on-one talks with Senator Shelley Capito broke down.</p>\n<p>Industrial stocks, which stand to benefit from an infrastructure deal, slid by 1%.</p>\n<p>Washington lawmakers passed a sweeping bill designed to boost the United States’ ability to compete against Chinese technology, providing funds for research and semiconductor production amid an ongoing chip supply drought. The bill now heads to the House of Representatives.</p>\n<p>Even so, the Philadelphia SE Semiconductor index slipped 0.4%.</p>\n<p>The Labor Department’s consumer price index report due out Thursday will provide another take on inflation amid the recovery’s demand/supply imbalance as investors determine whether inflationary pressures, as the Fed asserts, will be transitory.</p>\n<p>The Dow Jones Industrial Average fell 152.68 points, or 0.44%, to 34,447.14; the S&P 500 lost 7.71 points, or 0.18%, at 4,219.55; and the Nasdaq Composite dropped 13.16 points, or 0.09%, to 13,911.75.</p>\n<p>Among the 11 major sectors in the S&P 500, healthcare gained the most.</p>\n<p>Benchmark Treasury yields dropped below 1.5% for the first time since May, weighing on interest-sensitive financials.</p>\n<p>Campbell Soup Co missed quarterly profit expectations and slashed its full-year earnings forecast, sending its shares down 6.5%.</p>\n<p>Drugmaker Merck & Co rose 2.3% on the heels of its announcement the U.S. government had agreed to buy about 1.7 million courses of the company’s experimental COVID-19 treatment, molnupiravir, for about $1.2 billion, if the drug meets regulatory approval.</p>\n<p>Declining issues outnumbered advancers on the NYSE by a 1.12-to-1 ratio; on Nasdaq, a 1.13-to-1 ratio favored decliners.</p>\n<p>The S&P 500 posted 38 new 52-week highs and two new lows; the Nasdaq Composite recorded 126 new highs and 14 new lows.</p>\n<p>Volume on U.S. exchanges was 11.53 billion shares, compared with the 10.74 billion average over the last 20 trading days.</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>U.S. stocks end lower ahead of inflation report</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\">\nU.S. stocks end lower ahead of inflation report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-10 07:08 GMT+8 <a href=https://www.reuters.com/article/usa-stocks/us-stocks-u-s-stocks-end-lower-ahead-of-inflation-report-idUSL2N2NR2UG><strong>reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - Wall Street ended a see-saw session lower on Wednesday as market participants awaited inflation data for clues as to when the U.S. Federal Reserve might tighten its dovish ...</p>\n\n<a href=\"https://www.reuters.com/article/usa-stocks/us-stocks-u-s-stocks-end-lower-ahead-of-inflation-report-idUSL2N2NR2UG\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","AEMD":"Aethlon Medical Inc",".IXIC":"NASDAQ Composite"},"source_url":"https://www.reuters.com/article/usa-stocks/us-stocks-u-s-stocks-end-lower-ahead-of-inflation-report-idUSL2N2NR2UG","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142408805","content_text":"NEW YORK (Reuters) - Wall Street ended a see-saw session lower on Wednesday as market participants awaited inflation data for clues as to when the U.S. Federal Reserve might tighten its dovish monetary policy.\nThe retail “meme stock” craze continued unabated.\nAll three major U.S. stock indexes reversed earlier gains, but remained range-bound in the absence of any clear market catalysts.\n“There’s a lull period in terms of news,” said Chuck Carlson, chief executive at Horizon Investment Services in Hammond, Indiana. “We’re through earnings period and people are waiting for inflation numbers tomorrow, so you have a mixed market where the major averages aren’t doing much of anything.”\nHeavily shorted meme stocks extended their social media-driven rally, with Aethlon Medical soaring 388.2%.\nReddit chatter also helped to lift shares of prison operator GEO Group and World Wrestling Entertainment 38.4% and 10.9%, respectively.\nHowever, other meme stocks such as Clover Health, AMC Entertainment and Bed Bath & Beyond closed lower.\nRetail volume has returned to its January peak, according to Vanda Research, as social media forums scramble to identify the next GameStop Corp, the stock that kicked off the phenomenon.\n“It feels like alternative stock market,” Carlson added. It’s an indication of speculation. You can be successful if you get in at the right moment but it’s very difficult to play successfully over time.”\n“I don’t think you should read too much regarding the broader market.”\nGameStop named Matt Furlong as its new CEO ahead of its earnings report, which showed a quarterly loss of $1.01 per share. Its shares fell over 4% in after-hours trading.\nU.S. President Joe Biden changed course in ongoing negotiations to reach a bipartisan agreement on infrastructure spending after one-on-one talks with Senator Shelley Capito broke down.\nIndustrial stocks, which stand to benefit from an infrastructure deal, slid by 1%.\nWashington lawmakers passed a sweeping bill designed to boost the United States’ ability to compete against Chinese technology, providing funds for research and semiconductor production amid an ongoing chip supply drought. The bill now heads to the House of Representatives.\nEven so, the Philadelphia SE Semiconductor index slipped 0.4%.\nThe Labor Department’s consumer price index report due out Thursday will provide another take on inflation amid the recovery’s demand/supply imbalance as investors determine whether inflationary pressures, as the Fed asserts, will be transitory.\nThe Dow Jones Industrial Average fell 152.68 points, or 0.44%, to 34,447.14; the S&P 500 lost 7.71 points, or 0.18%, at 4,219.55; and the Nasdaq Composite dropped 13.16 points, or 0.09%, to 13,911.75.\nAmong the 11 major sectors in the S&P 500, healthcare gained the most.\nBenchmark Treasury yields dropped below 1.5% for the first time since May, weighing on interest-sensitive financials.\nCampbell Soup Co missed quarterly profit expectations and slashed its full-year earnings forecast, sending its shares down 6.5%.\nDrugmaker Merck & Co rose 2.3% on the heels of its announcement the U.S. government had agreed to buy about 1.7 million courses of the company’s experimental COVID-19 treatment, molnupiravir, for about $1.2 billion, if the drug meets regulatory approval.\nDeclining issues outnumbered advancers on the NYSE by a 1.12-to-1 ratio; on Nasdaq, a 1.13-to-1 ratio favored decliners.\nThe S&P 500 posted 38 new 52-week highs and two new lows; the Nasdaq Composite recorded 126 new highs and 14 new lows.\nVolume on U.S. exchanges was 11.53 billion shares, compared with the 10.74 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":65,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":112191521,"gmtCreate":1622854499563,"gmtModify":1704192414281,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571546243427161","idStr":"3571546243427161"},"themes":[],"htmlText":"Pls like and, comments ","listText":"Pls like and, comments ","text":"Pls like and, comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":7,"repostSize":0,"link":"https://ttm.financial/post/112191521","repostId":"2140816405","repostType":4,"repost":{"id":"2140816405","pubTimestamp":1622853625,"share":"https://ttm.financial/m/news/2140816405?lang=&edition=fundamental","pubTime":"2021-06-05 08:40","market":"us","language":"en","title":"If Bitcoin Replaces the Dollar, These Tech Stocks Will Be Winners","url":"https://stock-news.laohu8.com/highlight/detail?id=2140816405","media":"Motley Fool","summary":"Two stocks would likely experience a massive, direct benefit from such a change.","content":"<p>As the original cryptocurrency, <b>Bitcoin</b> (CRYPTO:BTC) has received increased attention as it delivers massive returns to long-term investors. Some have speculated it could replace or at least compete with the U.S. dollar, and in some respects, that has come true. Many who live in economically unstable countries turn to Bitcoin instead of the U.S. dollar for storing value, making purchases, and tracking spending.</p>\n<p>Although the Treasury Department has shown no inclination toward dropping the U.S. dollar in favor of Bitcoin, <b>Coinbase </b>(NASDAQ:COIN) and <b>Square </b>(NYSE:SQ) would almost certainly benefit from such a replacement.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1dca004916cbba7a669e11f3d28b3d72\" tg-width=\"700\" tg-height=\"488\"><span>Image source: Getty Images.</span></p>\n<h2>1. Coinbase</h2>\n<p>Coinbase \"powers the cryptoeconomy.\" It has run an exchange for crypto since its founding in 2012. Admittedly, Coinbase is not the only crypto exchange in existence. However, it achieved first-mover status in the industry. This gave it a head start and name recognition that most competitors have not attained.</p>\n<p>Also, Coinbase is the only pure-play crypto exchange trading on the stock market today. This means that the company competes with few others for the attention of stock investors.</p>\n<p>Additionally, Coinbase offers an easy-to-use platform, lowering the likelihood its customers will turn to the company's peers. Today, about 56 million verified users in over 100 countries trade crypto on Coinbase's site.</p>\n<p>Now, the massive increase in crypto interest in the last year has accrued to Coinbase's top and bottom lines. In its first earnings release, it reported total revenue of $1.8 billion in the first quarter of 2021, an increase of nine-fold from year-ago levels.</p>\n<p>Also, net income came in at $771 million, 24 times higher than the Q1 2020 profit of $32 million. Since operating expenses climbed by just over fivefold, net income outpaced the revenue growth rate despite a 75-fold increase in income tax expenses.</p>\n<p>Admittedly, with Coinbase trading at 22 times its book value, the stock appears expensive. This may partially explain why Coinbase stock has fallen steadily since its April IPO. Crypto prices have also come off their highs during that time, likely adding to pressure on the sock.</p>\n<p>However, if Bitcoin became the official currency, conditions would almost certainly turn in Coinbase's favor. With Bitcoin becoming indispensable for the general population instead of just crypto investors, its importance to the economy would probably make the bull case for Coinbase by itself.</p>\n<h2>2. Square</h2>\n<p>Bitcoin exchange has also become a significant revenue source for Square. Square's stock shot to record highs in 2020 as the pandemic induced more consumers to embrace fintech solutions. Nonetheless, Bitcoin became <a href=\"https://laohu8.com/S/AONE\">one</a> of those favored revenue sources for Square's Cash App as more than 3 million users traded on the platform in 2020.</p>\n<p>Since Square designed Cash App to disburse and collect funds, it serves as the perfect segue for a Bitcoin-denominated economy. Moreover, it has built a substantial lead on <b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a>'s</b> Venmo, a competing virtual cash platform that did not accommodate crypto transactions until earlier this year.</p>\n<p>Furthermore, Square links Cash App to a full-fledged financial ecosystem. Square handles personal transactions through both Cash App and its flagship card readers. Additionally, through Square Register and Square Payroll, the company can manage many business-related financial functions.</p>\n<p>That capability has expanded further with the launch of Square Bank. The bank allows Square to loan money without the involvement of a third party. Also, Bloomberg recently reported that this bank will soon offer business checking and business savings accounts. This places traditional banking and fintech under <a href=\"https://laohu8.com/S/AONE.U\">one</a> umbrella for business finance.</p>\n<p>Accounting rules force Square to log the value of Bitcoin traded, and that skews results. Nonetheless, Bitcoin revenue came in at $4.6 billion in 2020, a nearly ninefold increase from the $516 million reported in 2019. Moreover, in the first quarter of 2021 alone, Bitcoin revenue grew to $3.5 billion, more than eleven times the $308 million from the year-ago quarter.</p>\n<p>Finally, the fact that Q1 2021 revenue amounted to 76% of full-year 2020 revenue shows Bitcoin's rapid growth despite holding no official status. If Bitcoin became the official currency, Square's financial ecosystem combined with Bitcoin trading abilities would arguably make it the most essential fintech stock.</p>","source":"fool_stock","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>If Bitcoin Replaces the Dollar, These Tech Stocks Will Be Winners</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\">\nIf Bitcoin Replaces the Dollar, These Tech Stocks Will Be Winners\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-05 08:40 GMT+8 <a href=https://www.fool.com/investing/2021/06/04/if-bitcoin-replaces-the-dollar-these-tech-stocks-w/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>As the original cryptocurrency, Bitcoin (CRYPTO:BTC) has received increased attention as it delivers massive returns to long-term investors. Some have speculated it could replace or at least compete ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/04/if-bitcoin-replaces-the-dollar-these-tech-stocks-w/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","SQ":"Block"},"source_url":"https://www.fool.com/investing/2021/06/04/if-bitcoin-replaces-the-dollar-these-tech-stocks-w/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2140816405","content_text":"As the original cryptocurrency, Bitcoin (CRYPTO:BTC) has received increased attention as it delivers massive returns to long-term investors. Some have speculated it could replace or at least compete with the U.S. dollar, and in some respects, that has come true. Many who live in economically unstable countries turn to Bitcoin instead of the U.S. dollar for storing value, making purchases, and tracking spending.\nAlthough the Treasury Department has shown no inclination toward dropping the U.S. dollar in favor of Bitcoin, Coinbase (NASDAQ:COIN) and Square (NYSE:SQ) would almost certainly benefit from such a replacement.\nImage source: Getty Images.\n1. Coinbase\nCoinbase \"powers the cryptoeconomy.\" It has run an exchange for crypto since its founding in 2012. Admittedly, Coinbase is not the only crypto exchange in existence. However, it achieved first-mover status in the industry. This gave it a head start and name recognition that most competitors have not attained.\nAlso, Coinbase is the only pure-play crypto exchange trading on the stock market today. This means that the company competes with few others for the attention of stock investors.\nAdditionally, Coinbase offers an easy-to-use platform, lowering the likelihood its customers will turn to the company's peers. Today, about 56 million verified users in over 100 countries trade crypto on Coinbase's site.\nNow, the massive increase in crypto interest in the last year has accrued to Coinbase's top and bottom lines. In its first earnings release, it reported total revenue of $1.8 billion in the first quarter of 2021, an increase of nine-fold from year-ago levels.\nAlso, net income came in at $771 million, 24 times higher than the Q1 2020 profit of $32 million. Since operating expenses climbed by just over fivefold, net income outpaced the revenue growth rate despite a 75-fold increase in income tax expenses.\nAdmittedly, with Coinbase trading at 22 times its book value, the stock appears expensive. This may partially explain why Coinbase stock has fallen steadily since its April IPO. Crypto prices have also come off their highs during that time, likely adding to pressure on the sock.\nHowever, if Bitcoin became the official currency, conditions would almost certainly turn in Coinbase's favor. With Bitcoin becoming indispensable for the general population instead of just crypto investors, its importance to the economy would probably make the bull case for Coinbase by itself.\n2. Square\nBitcoin exchange has also become a significant revenue source for Square. Square's stock shot to record highs in 2020 as the pandemic induced more consumers to embrace fintech solutions. Nonetheless, Bitcoin became one of those favored revenue sources for Square's Cash App as more than 3 million users traded on the platform in 2020.\nSince Square designed Cash App to disburse and collect funds, it serves as the perfect segue for a Bitcoin-denominated economy. Moreover, it has built a substantial lead on PayPal's Venmo, a competing virtual cash platform that did not accommodate crypto transactions until earlier this year.\nFurthermore, Square links Cash App to a full-fledged financial ecosystem. Square handles personal transactions through both Cash App and its flagship card readers. Additionally, through Square Register and Square Payroll, the company can manage many business-related financial functions.\nThat capability has expanded further with the launch of Square Bank. The bank allows Square to loan money without the involvement of a third party. Also, Bloomberg recently reported that this bank will soon offer business checking and business savings accounts. This places traditional banking and fintech under one umbrella for business finance.\nAccounting rules force Square to log the value of Bitcoin traded, and that skews results. Nonetheless, Bitcoin revenue came in at $4.6 billion in 2020, a nearly ninefold increase from the $516 million reported in 2019. Moreover, in the first quarter of 2021 alone, Bitcoin revenue grew to $3.5 billion, more than eleven times the $308 million from the year-ago quarter.\nFinally, the fact that Q1 2021 revenue amounted to 76% of full-year 2020 revenue shows Bitcoin's rapid growth despite holding no official status. If Bitcoin became the official currency, Square's financial ecosystem combined with Bitcoin trading abilities would arguably make it the most essential fintech stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":371471035,"gmtCreate":1618968394927,"gmtModify":1704717620597,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571546243427161","idStr":"3571546243427161"},"themes":[],"htmlText":"Pls like and comments ","listText":"Pls like and comments ","text":"Pls like and comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/371471035","repostId":"2129826398","repostType":4,"repost":{"id":"2129826398","pubTimestamp":1618967680,"share":"https://ttm.financial/m/news/2129826398?lang=&edition=fundamental","pubTime":"2021-04-21 09:14","market":"sg","language":"en","title":"DBS buys 13% stake in Shenzhen bank for $1.08 billion as it 'doubles down' on China's Greater Bay Area","url":"https://stock-news.laohu8.com/highlight/detail?id=2129826398","media":"The Straits Times","summary":"SINGAPORE - DBS Group has agreed to buy a 13 per cent stake in privately-owned Shenzhen Rural Commer","content":"<div>\n<p>SINGAPORE - DBS Group has agreed to buy a 13 per cent stake in privately-owned Shenzhen Rural Commercial Bank (SZRCB) for 5.29 billion yuan (S$1.08 billion), part of its plan to accelerate its ...</p>\n\n<a href=\"http://www.straitstimes.com/business/banking/dbs-buys-13-stake-in-shenzhen-bank-for-108-billion-as-it-doubles-down-on-chinas\">Web Link</a>\n\n</div>\n","source":"straits_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>DBS buys 13% stake in Shenzhen bank for $1.08 billion as it 'doubles down' on China's Greater Bay Area</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\">\nDBS buys 13% stake in Shenzhen bank for $1.08 billion as it 'doubles down' on China's Greater Bay Area\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-21 09:14 GMT+8 <a href=http://www.straitstimes.com/business/banking/dbs-buys-13-stake-in-shenzhen-bank-for-108-billion-as-it-doubles-down-on-chinas><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SINGAPORE - DBS Group has agreed to buy a 13 per cent stake in privately-owned Shenzhen Rural Commercial Bank (SZRCB) for 5.29 billion yuan (S$1.08 billion), part of its plan to accelerate its ...</p>\n\n<a href=\"http://www.straitstimes.com/business/banking/dbs-buys-13-stake-in-shenzhen-bank-for-108-billion-as-it-doubles-down-on-chinas\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"D05.SI":"星展集团控股","00152":"深圳国际"},"source_url":"http://www.straitstimes.com/business/banking/dbs-buys-13-stake-in-shenzhen-bank-for-108-billion-as-it-doubles-down-on-chinas","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2129826398","content_text":"SINGAPORE - DBS Group has agreed to buy a 13 per cent stake in privately-owned Shenzhen Rural Commercial Bank (SZRCB) for 5.29 billion yuan (S$1.08 billion), part of its plan to accelerate its expansion in China's Greater Bay Area.\nThe investment is also in line with the group's strategy of investing in its core markets. China is one of DBS' six core markets, together with Singapore, Indonesia, India, Hong Kong and Taiwan.\nDBS chief executive officer Piyush Gupta said: \"We see this as a highly complementary strategic partnership that will allow us to double down on the Greater Bay Area and leverage SZRCB's local network and know-how to deepen DBS' Greater Bay Area strategy.\n\"At the same time, we would be able to support the continued growth and digital transformation of SZRCB through our regional presence and digital capabilities.\"\nThe deal strategically positions DBS to increase its stake in the Shenzhen lender after China eased rules on foreign ownership in the financial services sector, the bank said in its statement on Tuesday (April 20).\nThe investment has been approved by the Monetary Authority of Singapore and the Shenzhen office of the China Banking and Insurance Regulatory Commission and is expected to be completed following approval by the China Securities Regulatory Commission.\nUpon the completion of the deal, DBS will become the largest shareholder in SZRCB and will have representation on the Chinese bank's board of directors.\nDBS said the investment will have less than 0.2 percentage points impact to the group's capital ratios, and is expected to be immediately accretive to earnings and return on equity (ROE).\nThe bank will acquire 1.35 billion new shares in SZRCB at 3.91 yuan per share, representing 1.01 times the book value per share of SZRCB as of end-December 2020. DBS said it intends to fund the investment using internal cash resources.\nSZRCB operates one of the largest bank branch networks in Shenzhen, where 210 of its 217 branches and over 2,100 self-service terminals are located.\nWith more than 5 million active retail customers and over 170,000 active corporate clients, SZRCB had 404 billion (S$82 billion) of deposits and 519 billion yuan of total assets at the end of last year.\nApproximately 40 per cent of its total loans are in the retail segment and the remaining 60 per cent in the corporate segment, largely to local small and medium enterprises.\nFor the year ended Dec 31, 2020, the Shenzhen bank generated 4.8 billion yuan in net profit after tax. DBS said SZRCB has a strong track record of profitability, achieving average ROE of over 17 per cent since its establishment in 2005.\nOn Tuesday, Reuters reported that DBS was among potential bidders for parts of Citigroup's consumer business in Asia.\nAt its virtual annual general meeting last month, DBS said it was looking to double down its presence in China and India as part of efforts to expand into the wider region.\nIn November last year, DBS completed its takeover of cash-strapped Lakshmi Vilas Bank (LVB) in India, which added 550 branches and 900-plus ATMs to its network in the country.\nSaid Mr Gupta in Tuesday's statement: \"Our ability to execute another strategic transaction shortly after amalgamating LVB in India, is testament to our ability to be nimble and grow, as we leverage on our strong capital position.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":357168997,"gmtCreate":1617247450519,"gmtModify":1704697777040,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571546243427161","idStr":"3571546243427161"},"themes":[],"htmlText":"Pls like and comments ","listText":"Pls like and comments ","text":"Pls like and comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":8,"repostSize":0,"link":"https://ttm.financial/post/357168997","repostId":"2124208563","repostType":4,"repost":{"id":"2124208563","pubTimestamp":1617245634,"share":"https://ttm.financial/m/news/2124208563?lang=&edition=fundamental","pubTime":"2021-04-01 10:53","market":"us","language":"en","title":"Keep on Buying These 3 EV Stocks, Says Analyst Following Conference","url":"https://stock-news.laohu8.com/highlight/detail?id=2124208563","media":"TipRanks","summary":"Investors are always on the lookout for the next big thing, the next industry that will bring the gr","content":"<div>\n<p>Investors are always on the lookout for the next big thing, the next industry that will bring the great returns. Predicting what stock sector will blast off is an inexact science, at best; but like ...</p>\n\n<a href=\"https://finance.yahoo.com/news/keep-buying-3-ev-stocks-010454819.html\">Web Link</a>\n\n</div>\n","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Keep on Buying These 3 EV Stocks, Says Analyst Following Conference</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\">\nKeep on Buying These 3 EV Stocks, Says Analyst Following Conference\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-01 10:53 GMT+8 <a href=https://finance.yahoo.com/news/keep-buying-3-ev-stocks-010454819.html><strong>TipRanks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors are always on the lookout for the next big thing, the next industry that will bring the great returns. Predicting what stock sector will blast off is an inexact science, at best; but like ...</p>\n\n<a href=\"https://finance.yahoo.com/news/keep-buying-3-ev-stocks-010454819.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOLO":"Electrameccanica Vehicles Corp.","FIIIU":"Forum Merger III Corp","FUV":"Arcimoto, Inc."},"source_url":"https://finance.yahoo.com/news/keep-buying-3-ev-stocks-010454819.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2124208563","content_text":"Investors are always on the lookout for the next big thing, the next industry that will bring the great returns. Predicting what stock sector will blast off is an inexact science, at best; but like politics, stocks run downstream from culture. And right now, culture is all-in for clean energy and electric cars.Observing the electric vehicle (EV) stock sector for Colliers Securities is industry expert Michael Shlisky. Shlisky had an opportunity last week to meet virtually with management from numerous EV companies, in Colliers’ Spring Alternative Transportation Conference, giving him a chance to sharpen his view of the sector.EV stocks have dropped significantly in the past six weeks. However, Shlisky believes this \"may be the perfect time for investors to test the waters for stocks that may have fallen too far, too fast…\" The analyst added, \"In our view, institutional investors who have been circling the sector may finally be able to take a fresh look, with valuations much lower in recent weeks.”Even though Shlisky sees current conditions offering an opening for investors to buy in at attractive valuations, he does note that the EV sector is likely to continue to face challenges in the near term. He recommends a two-year time frame for investors in the sector – and goes on to note several EV stocks that that investors should consider.We’ve opened up the TipRanks database to get the latest details on three of Shlisky’s stock picks; let’s take a look at them, and find out what brought this analyst to these stocks.Arcimoto, Inc.(FUV)The first EV stock we're looking at is Arcimoto, an Oregon-based EV maker specializing in a line it calls the Fun Electric Vehicle, or FUV. The FUV is Arcimoto’s flagship design, a three-wheel vehicle that seats two in a tandem arrangement, boats a top speed of 75 miles per hour and a 102 mile range on a single charge. The vehicle is designed for short-range, casual driving, or a mid-range regular commute to and from work. Arcimoto is taking orders for FUV, and the vehicle is already available on the West Coast and in Florida.In addition to the FUV, Arcimoto markets variants of the vehicle built on the same chassis and dual-motor front wheel drive design. The chief variants are the Deliverator, a light delivery truck specialized for the urban landscape, and the Rapid Responder, marketed to fire departments and emergency medical services. The Rapid Responder’s key selling point is directly related to the vehicle’s small size and maneuverability – it can reach places where large emergency trucks cannot, making it likely to be the ‘first on the scene.’ Arcimoto has unveiled a motorcycle-inspired Roadster model for customer orders.Arcimoto’s shares have seen their ups and downs – and all in recent months. The company’s stock grew an astounding 721% in 2020, and then gained another 177% to reach its peak – and all-time high – in early February of this year. Since then, the stock has slipped 64%, leading investors to ask, ‘What gives?’The explanations are actually simple; in Wall Street’s general view, FUV gained dramatically last year when the EV sector as a whole did well, and gave back some of those gains when the combination of inflation worries, rising Treasury bond yields, and questions about how to value equities during the pandemic recovery put downward pressure on markets in February and March.Shlisky sees potential for Arcimoto – in fact, it is one of his ‘top picks’ in the sector – for both the near and mid-term, with a focus on the eponymous Fun Vehicle. He notes that Florida is seeing early success with the FUV.“Congruent with the numerous happy social-media posts we have noted in recent weeks, FUV is shipping to Florida in earnest. Management noted that another truck full of vehicles was en route as we spoke at the conference. Given the significant number of tourist attractions, closed-village communities, campuses and golf facilities, Florida is a leading pre-order state for FUV. The company plans multiple physical locations in the state, including rental fleets,” Shlisky noted.Of the company’s overall position, the analyst adds, “We can expect ongoing improvements in the production rate this year, scaling up to the new r-AMP facility and full-scale assembly capabilities next year.”Based on all of the above, Shlisky rates Arcimoto shares a Buy, and his $20 price target suggests it has room for 57% share appreciation this year.Overall, there are two reviews on record for FUV, and they are evenly split Buy and Hold. This makes for a Moderate Buy consensus view, and the average price target of $14 implies a 6% upside from the trading price of $13.23.ElectraMeccanica Vehicles (SOLO)ElectraMeccanica Vehicles represents a company vying for a similar niche to Arcimoto. The company markets a single-seat commuter EV, designed for the urban market and featuring an 80 mile per hour top speed, a 100 mile range, and three-wheel configuration. The chassis comes with more automotive-traditional body work than the FUV, a door on either side of the vehicle, and trunk for cargo stowage.The Solo vehicle is available for pre-order, but ElectraMeccanica has not yet begun deliveries. The company has selected Phoenix, Arizona as the location for a proposed factory complex, that will include light vehicle assembly along with battery pack and power electrics testing workshops.ElectraMeccanica is also starting to diversify the product line, with a pair of two-seat vehicles. These are the Tofino sports car and the Electric Roadster. Both feature more traditional automotive styling than the Solo, as well as significantly higher performance and range per charge. Like the Solo, both are available for pre-orders.ElectraMeccanica remains a truly speculative investment; the company has yet to report more than $250,000 in quarterly revenues. At the end of the 2020, the company reported using $10.5 million in cash for operations, up from $3.6 million the year-ago quarter. However, the company also reported having $129.5 million in cash on hand as of December 31; this is a dramatic improvement from the $8.6 million reported one year earlier. The company has plans to begin vehicle deliveries later this year.In his review of SOLO shares, Shlisky focuses on the upcoming vehicle deliveries as the major catalyst for ElectraMeccanica.“SOLO reiterated that it expects to make its first retail deliveries in 2021, most likely vehicles manufactured by the company's Chinese partner. The company also continues to roll out retail locations (20 in operation or announced, in total) to generate test-drives and incremental reservations…. SOLO has finally made its choice to build its assembly facility in Arizona; what we did not expect was its first official micro-mobility announcement at the same time. That said, this was something we had expected, given the SOLO model's place between a moped and an automobile, both of which are widely rented,” the analyst wrote.At the bottom line, Shlisky says simply, “The stock has been volatile, but we would stick with it as initial deliveries begin to reach driveways.”In line with those comments, Shlisky gives SOLO a Buy rating. His $7.50 price target implies an upside of ~60% in the next 12 months.Like the Colliers analyst, the rest of the Street is bullish on SOLO. 3 Buy ratings compared to no Holds or Sells add up to a Strong Buy consensus rating. At $8.92, the average price target is more aggressive than Shlisky's and implies upside potential of ~90%.Forum Merger III (FIII)Last but not least is Forum Merger III, a special purpose acquisition company (SPAC), which is in the late stages of the merger business combination process with Electric Last Mile Solutions. ELMS is an EV maker based in Troy, Michigan, not far from the Detroit heart of the US automotive industry. Electric Last Mile is working on an urban delivery van, a light cargo vehicle with 170 cubic feet of cargo space, a 150 mile range per charge – and a short 2-hour span for full charging.ELMS’ EV van is specifically designed to compete with class 1 gas-powered delivery vans. While it has a shorter range than the combustion vehicles, it does boast a larger cargo space than the leading gas-powered van. In addition, the ELMS vehicle comes with an on-board over-the-air digital connection, allowing fleet managers to collect real-time data on vehicle routing, tracking, and efficiency. The Urban Delivery Vehicles are available for pre-orders.While ELMS has not begun vehicle deliveries yet, it has acquired the production capacity it needs to meet anticipated demand. The company has a 675,000 square foot factory in Mishawaka, Indiana, and is ramping production capability to 100,000 commercial vehicles per year. The company has plans to begin production on the first 45,000 orders by the end of 3Q21.As mentioned above, Forum Merger III will be taking ELMS public. The merger was announced in December; when complete, the combined entity will take the name Electric Last Mile Solutions, and list on the NASDAQ with ‘ELMS’ as the ticker symbol. The combination will produce a company worth $1.4 billion, and is expected to generate $379 million in funds available for operations and growth.The upcoming SPAC merger got the attention of Colliers’ Shlisky, who describes ELMS as another of his ‘top picks’ in the EV space.“ELMS is one of the more-promising EV-CV stories this year... ELMS plans to launch a Class 1-2 delivery vehicle in 2021… assembled from kits at its already-built Indiana facility,” Shlisky opined.Shlisky goes on to outline the advantages of the vehicle, and its potential for future profitability: “[Its] Class 1-2 product has the same upfront cost as incumbent ICE vehicles, yet offers 35% or more cargo space, plus savings on fuel and maintenance from there. Following a 2020 in which US e-commerce activity increased over 30% and van production was down 15%, along with the exit of three important competitor models (10% share) in 2020-2021, there is a dire need for capacity and ELMS appears uniquely poised to fill that need, if execution is strong on the launch timeline. In our view, it all adds up to one of the more-promising EV-CV ideas.”Based on these comments, Shlisky recommends Buying FIII before the merger. His price target on the stock is $13, which implies an upside of 30% from current levels.All in all, FIII has a small, but vocal camp of bullish analysts. Out of the 2 analysts polled by TipRanks, both rate the stock a Buy. With a return potential of ~81%, the stock's 12-month consensus target price stands at $18.(See FIII stock analysis on TipRanks)To find good ideas for EV stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":126,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359344147,"gmtCreate":1616369586889,"gmtModify":1704793079803,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571546243427161","idStr":"3571546243427161"},"themes":[],"htmlText":"pls like and comments, thanks ","listText":"pls like and comments, thanks ","text":"pls like and comments, thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":6,"repostSize":0,"link":"https://ttm.financial/post/359344147","repostId":"1199154789","repostType":4,"repost":{"id":"1199154789","pubTimestamp":1616164372,"share":"https://ttm.financial/m/news/1199154789?lang=&edition=fundamental","pubTime":"2021-03-19 22:32","market":"us","language":"en","title":"Fed Disappoints Market, Lets SLR Relief Expire: What Happens Next","url":"https://stock-news.laohu8.com/highlight/detail?id=1199154789","media":"zerohedge","summary":"As washinted at, and discussed in depth here,the Fed decided - under political pressure from progressive Democrats such asElizabeth Warren and Sherrod Brown- to let the temporary Supplementary Leverage Ratio exemption expire as scheduled on March 31, the one year anniversary of the rule change.The federal bank regulatory agencies today announced that the temporary change to the supplementary leverage ratio, or SLR, for depository institutions issued on May 15, 2020, will expire as scheduled on ","content":"<p>As washinted at, and discussed in depth here,the Fed decided - under political pressure from progressive Democrats such asElizabeth Warren and Sherrod Brown- to let the temporary Supplementary Leverage Ratio (SLR) exemption expire as scheduled on March 31, the one year anniversary of the rule change.</p><blockquote>The federal bank regulatory agencies today announced that the temporary change to the supplementary leverage ratio, or SLR, for depository institutions issued on May 15, 2020, will expire as scheduled on March 31, 2021.The temporary change was made to provide flexibility for depository institutions to provide credit to households and businesses in light of the COVID-19 event.</blockquote><p><img src=\"https://static.tigerbbs.com/b822960da59d651f093b5113cd0c3fd0\" tg-width=\"500\" tg-height=\"319\" referrerpolicy=\"no-referrer\">This outcome is theone (again) correctly predictedby former NY Fed guru Zoltan Pozsar who following the FOMC said that \"the fact that the Fed made this adjustment practically preemptively – the o/n RRP facility is not being used at the moment, so there are no capacity constraints yet, while repo and bill yields aren’t trading negative yet –<b>suggests that the Fed is “foaming the runway” for the end of SLR exemption</b>.\"</p><p>Knowing well this would be a very hot button issue for the market, the Fed published thefollowing statementto ease trader nerves, noting that while the SLR special treatment will expire on March 31, the Fed is \"inviting public comment on several potential SLR modifications\" and furthermore, \"<b>Board may need to address the current design and calibration of the SLR over time to prevent strains from developing that could both constrain economic growth and undermine financial stability</b>\" - in short, if yields spike, the Fed will re-introduce the SLR without delay:</p><blockquote>The Federal Reserve Board on Friday announced that the temporary change to its supplementary leverage ratio, or SLR, for bank holding companies will expire as scheduled on March 31. <b>Additionally, the Board will shortly seek comment on measures to adjust the SLR. The Board will take appropriate actions to assure that any changes to the SLR do not erode the overall strength of bank capital requirements.</b>To ease strains in the Treasury market resulting from the COVID-19 pandemic and to promote lending to households and businesses, the Board temporarily modified the SLR last year to exclude U.S. Treasury securities and central bank reserves. Since that time, the Treasury market has stabilized. <b>However, because of recent growth in the supply of central bank reserves and the issuance of Treasury securities, the Board may need to address the current design and calibration of the SLR over time to prevent strains from developing that could both constrain economic growth and undermine financial stability.To ensure that the SLR—which was established in 2014 as an additional capital requirement—remains effective in an environment of higher reserves, the Board will soon be inviting public comment on several potential SLR modifications.</b>The proposal and comments will contribute to ongoing discussions with the Department of the Treasury and other regulators on future work to ensure the resiliency of the Treasury market.</blockquote><p>The Fed's soothing wods notwithstanding,<b>having been primed for a favorable outcome, the Fed's disappointing announcement was hardly the news traders were hoping for and stocks tumbled...</b></p><p><img src=\"https://static.tigerbbs.com/c341c3843a5031cd1599c2c89e198050\" tg-width=\"500\" tg-height=\"305\" referrerpolicy=\"no-referrer\">Bond yields spiked...</p><p><img src=\"https://static.tigerbbs.com/14173c1ce587fb45efe4c30ecc1dfbab\" tg-width=\"500\" tg-height=\"284\" referrerpolicy=\"no-referrer\">... while the stock of JPM, which is the most exposed bank to SLR relief (as noted yesterday in \"Facing Up To JP Morgan's Leverage Relief Threats\")...</p><p><img src=\"https://static.tigerbbs.com/32811183fba3dbddf1c440836298c7f3\" tg-width=\"500\" tg-height=\"602\" referrerpolicy=\"no-referrer\">.... slumped.</p><p><img src=\"https://static.tigerbbs.com/2fba41463f15e79d2b8436cdd6a526fc\" tg-width=\"500\" tg-height=\"306\" referrerpolicy=\"no-referrer\">In case you've been living under a rock, here's why you should care about the SLR decision: First, for those whomissed our primer on the issue, some background from JPM (ironically the one bank that has the most to lose from the Fed's decision) the bottom line is that without SLR relief,<b>banks may have to delever, raise new capital, halt buybacks, sell preferred stock, turn down deposits and generally push back on reserves (not necessarily all of these, and not in that order) just as the Fed is injecting hundreds of billions of reserves into the market as the Treasury depletes its TGA account.</b></p><blockquote>The massive expansion of the Fed’s balance that has occurred implied an equally massive growth in bank reserves held at Federal Reserve banks. <b>The expiration of the regulatory relief would add ~$2.1tn of leverage exposure across the 8 GSIBs. As well, TGA reduction and continued QE could add another ~$2.35tn of deposits to the system during 2021.</b></blockquote><p><img src=\"https://static.tigerbbs.com/392342c2f3e1dd008b2276172a9b3ecf\" tg-width=\"500\" tg-height=\"253\" referrerpolicy=\"no-referrer\">While the expiry of the carve-out on March 31 would not have an immediate impact on GSIBs, the continued increase in leverage assets throughout the course of the year would increase long-term debt (LTD) and preferred requirements. Here, JPM takes an optimistic view and writes that<b>\"even the “worst” case issuance scenario as very manageable, with LTD needs of $35bn for TLAC requirements and preferred needs of $15-$20bn to maintain the industry-wide SLR at 5.6%.</b></p><p>The constraint is greater at the bank entity, where the capacity to grow leverage exposure to be ~$765bn at 6.2% SLR.\"Goldman's take was more troubling: the bank estimated that under the continued QE regime, there would be a shortfall of some $2 trillion in reserve capacity, mainly in the form of deposits which the banks would be unable to accept as part of ongoing QE (much more in Goldman'sfull take of the SLR quandary).</p><p><b>So what happens next?</b></p><p>Addressing this topic, yesterday Curvature's Scott Skyrm wrote that \"<i>the largest banks are enjoying much larger balance sheets, but there are political factors in Washington that are against an extension of the exemption.... Here are a couple of scenarios and their implications on the Repo market</i>:</p><blockquote>The exemption is extended 3 months or 6 months - No impact on the Repo market. It's already fully priced-in.The exemption is continued for reserves, but ended for Treasurys. <b>Since large banks are the largest cash providers in the Repo market, less cash is intermediated into the market and Repo rates rise. Volatility increases as Repo assets move from the largest banks to the other Repo market participants.The exemption is ended for both reserves and Treasurys. Same as above.</b></blockquote><p>In other words, Skyrm has a relatively downbeat view, warning that \"since large banks are the largest cash providers in the Repo market, less cash is intermediated into the market and Repo rates rise.\" Additionally, volatility is likely to increase as repo assets move from the largest banks to the other Repo market participants...</p><p>Perhaps a bit too draconian? Well, last week, JPMorgan laid out 5 scenarios for SLR, of which two predicted the end of SLR relief on March 31, as follow:</p><blockquote><u><b>3. Relief ends March 31, banks fully raise capital</b></u> <b>Impact on BanksRatesFront-End Rates</b> <u><b>4. Relief ends March 31, banks raise capital & de-lever</b></u> <b>Impact on BanksRatesFront-End Rates</b></blockquote><p>Going back to Zoltan, let's recallthat the repo gurualso cautioned that \"ending the exemption of reserves and Treasuries from the calculation of the SLR may mean that U.S. banks will turn away deposits and reserves on the margin (not Treasuries) to leave more room for market-making activities,<b>and these flows will swell further money funds’ inflows coming from TGA drawdowns.</b>\"</p><p>More importantly, Zoltan does not expect broad chaos in repo or broader markets, and instead provides a more benign view on the negligible impact the SLR has had (and will be if it is eliminated), as he explained in a note from Tuesday.</p><p><img src=\"https://static.tigerbbs.com/caeeb2b1290e084832f29d61cea6a90b\" tg-width=\"500\" tg-height=\"534\" referrerpolicy=\"no-referrer\">How to determine if Zoltan's benign view is correct? He concluded his note by writing that \"given that our call for a zero-to-negative FRA-OIS spread by the end of June was predicated on the end of SLR extension and an assumption that the Fed will try to fix a quantity problem with prices, not quantities, today’s adjustments mean that FRA-OIS won’t trade all the way down to zero or negative territory.\"</p><blockquote>FRA-OIS from here will be a function of how tight FX swaps will trade relative to OIS, but Treasury bills trading at deeply sub-zero rates is no longer a risk...</blockquote><p>While Bills have occasionally dipped into the negative territory on occasion, so far they have avoided a fullblown plunge into NIRP, which may be just the positive sign the market is waiting for to ease the nerves associated with the sudden and largely unexpected end of the SLR exemption.</p><p>* * *</p><p>Finally, for those curious what the immediate market impact will be, NatWest strategist Blake Gwinn writes that the Fed announcement that they’re letting regulatory exemptions for banks expire at the end of the month \"really threads the needle and \"assuages concerns about the potential long-term impact on the markets\" as<b>the SLR \"ends it but defuses a lot of the knee-jerk market reaction” by pledging to address the current design and calibration of the supplementary leverage ratio to prevent strains from developing</b>.</p><p>“I was never worried about a day-one bank puke of Treasuries or drawdown in repo or anything like that on no renewal,” Gwinn said. “My concern was the longer run,” like as reserves continue to rise, would the SLR “become a nuisance and drag on Treasuries and spreads” Gwinn concludes that with the statement, the Fed is<b>\"really speaking to those fears and basically saying, ‘don’t worry, we are on it’.”</b></p><p>Well, with yields spiking to HOD in early quad-witch trading, the market sure seems quite skeptical that the Fed is on anything.</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>Fed Disappoints Market, Lets SLR Relief Expire: What Happens Next</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Disappoints Market, Lets SLR Relief Expire: What Happens Next\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-19 22:32 GMT+8 <a href=https://www.zerohedge.com/markets/stocks-bopnds-tank-after-fed-lets-slr-relief-expire><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>As washinted at, and discussed in depth here,the Fed decided - under political pressure from progressive Democrats such asElizabeth Warren and Sherrod Brown- to let the temporary Supplementary ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/stocks-bopnds-tank-after-fed-lets-slr-relief-expire\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/markets/stocks-bopnds-tank-after-fed-lets-slr-relief-expire","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199154789","content_text":"As washinted at, and discussed in depth here,the Fed decided - under political pressure from progressive Democrats such asElizabeth Warren and Sherrod Brown- to let the temporary Supplementary Leverage Ratio (SLR) exemption expire as scheduled on March 31, the one year anniversary of the rule change.The federal bank regulatory agencies today announced that the temporary change to the supplementary leverage ratio, or SLR, for depository institutions issued on May 15, 2020, will expire as scheduled on March 31, 2021.The temporary change was made to provide flexibility for depository institutions to provide credit to households and businesses in light of the COVID-19 event.This outcome is theone (again) correctly predictedby former NY Fed guru Zoltan Pozsar who following the FOMC said that \"the fact that the Fed made this adjustment practically preemptively – the o/n RRP facility is not being used at the moment, so there are no capacity constraints yet, while repo and bill yields aren’t trading negative yet –suggests that the Fed is “foaming the runway” for the end of SLR exemption.\"Knowing well this would be a very hot button issue for the market, the Fed published thefollowing statementto ease trader nerves, noting that while the SLR special treatment will expire on March 31, the Fed is \"inviting public comment on several potential SLR modifications\" and furthermore, \"Board may need to address the current design and calibration of the SLR over time to prevent strains from developing that could both constrain economic growth and undermine financial stability\" - in short, if yields spike, the Fed will re-introduce the SLR without delay:The Federal Reserve Board on Friday announced that the temporary change to its supplementary leverage ratio, or SLR, for bank holding companies will expire as scheduled on March 31. Additionally, the Board will shortly seek comment on measures to adjust the SLR. The Board will take appropriate actions to assure that any changes to the SLR do not erode the overall strength of bank capital requirements.To ease strains in the Treasury market resulting from the COVID-19 pandemic and to promote lending to households and businesses, the Board temporarily modified the SLR last year to exclude U.S. Treasury securities and central bank reserves. Since that time, the Treasury market has stabilized. However, because of recent growth in the supply of central bank reserves and the issuance of Treasury securities, the Board may need to address the current design and calibration of the SLR over time to prevent strains from developing that could both constrain economic growth and undermine financial stability.To ensure that the SLR—which was established in 2014 as an additional capital requirement—remains effective in an environment of higher reserves, the Board will soon be inviting public comment on several potential SLR modifications.The proposal and comments will contribute to ongoing discussions with the Department of the Treasury and other regulators on future work to ensure the resiliency of the Treasury market.The Fed's soothing wods notwithstanding,having been primed for a favorable outcome, the Fed's disappointing announcement was hardly the news traders were hoping for and stocks tumbled...Bond yields spiked...... while the stock of JPM, which is the most exposed bank to SLR relief (as noted yesterday in \"Facing Up To JP Morgan's Leverage Relief Threats\")....... slumped.In case you've been living under a rock, here's why you should care about the SLR decision: First, for those whomissed our primer on the issue, some background from JPM (ironically the one bank that has the most to lose from the Fed's decision) the bottom line is that without SLR relief,banks may have to delever, raise new capital, halt buybacks, sell preferred stock, turn down deposits and generally push back on reserves (not necessarily all of these, and not in that order) just as the Fed is injecting hundreds of billions of reserves into the market as the Treasury depletes its TGA account.The massive expansion of the Fed’s balance that has occurred implied an equally massive growth in bank reserves held at Federal Reserve banks. The expiration of the regulatory relief would add ~$2.1tn of leverage exposure across the 8 GSIBs. As well, TGA reduction and continued QE could add another ~$2.35tn of deposits to the system during 2021.While the expiry of the carve-out on March 31 would not have an immediate impact on GSIBs, the continued increase in leverage assets throughout the course of the year would increase long-term debt (LTD) and preferred requirements. Here, JPM takes an optimistic view and writes that\"even the “worst” case issuance scenario as very manageable, with LTD needs of $35bn for TLAC requirements and preferred needs of $15-$20bn to maintain the industry-wide SLR at 5.6%.The constraint is greater at the bank entity, where the capacity to grow leverage exposure to be ~$765bn at 6.2% SLR.\"Goldman's take was more troubling: the bank estimated that under the continued QE regime, there would be a shortfall of some $2 trillion in reserve capacity, mainly in the form of deposits which the banks would be unable to accept as part of ongoing QE (much more in Goldman'sfull take of the SLR quandary).So what happens next?Addressing this topic, yesterday Curvature's Scott Skyrm wrote that \"the largest banks are enjoying much larger balance sheets, but there are political factors in Washington that are against an extension of the exemption.... Here are a couple of scenarios and their implications on the Repo market:The exemption is extended 3 months or 6 months - No impact on the Repo market. It's already fully priced-in.The exemption is continued for reserves, but ended for Treasurys. Since large banks are the largest cash providers in the Repo market, less cash is intermediated into the market and Repo rates rise. Volatility increases as Repo assets move from the largest banks to the other Repo market participants.The exemption is ended for both reserves and Treasurys. Same as above.In other words, Skyrm has a relatively downbeat view, warning that \"since large banks are the largest cash providers in the Repo market, less cash is intermediated into the market and Repo rates rise.\" Additionally, volatility is likely to increase as repo assets move from the largest banks to the other Repo market participants...Perhaps a bit too draconian? Well, last week, JPMorgan laid out 5 scenarios for SLR, of which two predicted the end of SLR relief on March 31, as follow:3. Relief ends March 31, banks fully raise capital Impact on BanksRatesFront-End Rates 4. Relief ends March 31, banks raise capital & de-lever Impact on BanksRatesFront-End RatesGoing back to Zoltan, let's recallthat the repo gurualso cautioned that \"ending the exemption of reserves and Treasuries from the calculation of the SLR may mean that U.S. banks will turn away deposits and reserves on the margin (not Treasuries) to leave more room for market-making activities,and these flows will swell further money funds’ inflows coming from TGA drawdowns.\"More importantly, Zoltan does not expect broad chaos in repo or broader markets, and instead provides a more benign view on the negligible impact the SLR has had (and will be if it is eliminated), as he explained in a note from Tuesday.How to determine if Zoltan's benign view is correct? He concluded his note by writing that \"given that our call for a zero-to-negative FRA-OIS spread by the end of June was predicated on the end of SLR extension and an assumption that the Fed will try to fix a quantity problem with prices, not quantities, today’s adjustments mean that FRA-OIS won’t trade all the way down to zero or negative territory.\"FRA-OIS from here will be a function of how tight FX swaps will trade relative to OIS, but Treasury bills trading at deeply sub-zero rates is no longer a risk...While Bills have occasionally dipped into the negative territory on occasion, so far they have avoided a fullblown plunge into NIRP, which may be just the positive sign the market is waiting for to ease the nerves associated with the sudden and largely unexpected end of the SLR exemption.* * *Finally, for those curious what the immediate market impact will be, NatWest strategist Blake Gwinn writes that the Fed announcement that they’re letting regulatory exemptions for banks expire at the end of the month \"really threads the needle and \"assuages concerns about the potential long-term impact on the markets\" asthe SLR \"ends it but defuses a lot of the knee-jerk market reaction” by pledging to address the current design and calibration of the supplementary leverage ratio to prevent strains from developing.“I was never worried about a day-one bank puke of Treasuries or drawdown in repo or anything like that on no renewal,” Gwinn said. “My concern was the longer run,” like as reserves continue to rise, would the SLR “become a nuisance and drag on Treasuries and spreads” Gwinn concludes that with the statement, the Fed is\"really speaking to those fears and basically saying, ‘don’t worry, we are on it’.”Well, with yields spiking to HOD in early quad-witch trading, the market sure seems quite skeptical that the Fed is on anything.","news_type":1},"isVote":1,"tweetType":1,"viewCount":161,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574937002842984","authorId":"3574937002842984","name":"rachelicing","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3574937002842984","idStr":"3574937002842984"},"content":"comment and like pls","text":"comment and like pls","html":"comment and like pls"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164727430,"gmtCreate":1624237146120,"gmtModify":1703831121085,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571546243427161","idStr":"3571546243427161"},"themes":[],"htmlText":"Pls like and comments ","listText":"Pls like and comments ","text":"Pls like and comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":6,"repostSize":0,"link":"https://ttm.financial/post/164727430","repostId":"1154249454","repostType":4,"repost":{"id":"1154249454","pubTimestamp":1624230573,"share":"https://ttm.financial/m/news/1154249454?lang=&edition=fundamental","pubTime":"2021-06-21 07:09","market":"us","language":"en","title":"Nike, FedEx, Johnson & Johnson, Darden, and Other Stocks for Investors to Watch This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1154249454","media":"barrons","summary":"A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. Wednesday will also feature analyst days and investor events from Johnson & Johnson, GlaxoSmithKline,and Equinix.Economic data out this week include IHS’ Manufacturing and Services Purchasing Managers’ Indexes for June on Wednesday. Both are expected to hold near their record highs. The Census Bureau will r","content":"<p>A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. Wednesday will also feature analyst days and investor events from Johnson & Johnson, GlaxoSmithKline,and Equinix.</p>\n<p>Economic data out this week include IHS’ Manufacturing and Services Purchasing Managers’ Indexes for June on Wednesday. Both are expected to hold near their record highs. The Census Bureau will release the durable-goods report for May on Thursday. Orders—often seen as a decent proxy for business investment—are expected to rise 3.3% month over month.</p>\n<p>And on Friday, the Bureau of Economic Analysis will report personal income and consumption for May. Spending is forecast to continue rising despite a drop off in income as stimulus checks finished being sent out in April.</p>\n<p>Monday 6/21</p>\n<p><b>The Federal Reserve Bank</b>of Chicago releases its National Activity index, a gauge of overall economic activity, for May. Expectations are for a 0.50 reading, higher than April’s 0.24 figure. A positive reading indicates economic growth that is above historical trends.</p>\n<p>Tuesday 6/22</p>\n<p><b>The National Association</b>of Realtors reports existing-home sales for May. Economists forecast a seasonally adjusted annual rate of 5.7 million homes sold, about 150,000 fewer than the April data. Existing-home sales have fallen for three consecutive months, as supply hasn’t been able to keep up with demand.</p>\n<p>Wednesday 6/23</p>\n<p>Equinix hosts its 2021 analyst day, when the company will update its long-term financial outlook.</p>\n<p>GlaxoSmithKline hosts a conference call, featuring its CEO, Emma Walmsley, to update investors on the company’s strategy for growth and shareholder value creation.</p>\n<p>Johnson & Johnson hosts a webcast to discuss its ESG strategy.</p>\n<p><b>The Census Bureau</b>reports new residential construction data for May. Consensus estimate is for a seasonally adjusted annual rate of 875,000 new single-family homes sold, slightly higher than April’s 863,000. Similar to existing-home sales, new-home sales have fallen from their recent peak of 993,000 in January of this year.</p>\n<p><b>IHS Markitreports</b>both its Manufacturing and Services Purchasing Managers’ indexes for June. Expectations are for a 61.5 reading for the Manufacturing PMI, and a 69.8 figure for the Services PMI. Both projections are comparable to the May data as well as being near record highs for their respective indexes.</p>\n<p>Thursday 6/24</p>\n<p><b>The Bureau of Economic Analysis</b>reports the third and final estimate of first-quarter gross-domestic-product growth. Economists forecast a seasonally adjusted annual growth rate of 6.4%.</p>\n<p>Accenture,Darden Restaurants, FedEx, and Nike hold conference calls to discuss quarterly results.</p>\n<p><b>The Bank of England</b>announces its monetary-policy decision. The central bank is widely expected to keep its key interest rate at 0.1%.</p>\n<p><b>The Census Bureau</b>releases the durable-goods report for May. The consensus call is for new orders of manufactured goods to rise 2.8% month over month to $253 billion. Excluding transportation, new orders are projected at 1%, matching the April data.</p>\n<p>Friday 6/25</p>\n<p>CarMax and Paychex report earnings.</p>\n<p><b>The BEA reports</b>personal income and consumption for May. Income is expected to fall 3% month over month, after plummeting 13.1% in April. This reflects a dropoff in stimulus checks that first were sent out in March. Spending is seen rising 0.5%, comparable to the April data.</p>","source":"lsy1601382232898","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>Nike, FedEx, Johnson & Johnson, Darden, and Other Stocks for Investors to Watch 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: 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\">\nNike, FedEx, Johnson & Johnson, Darden, and Other Stocks for Investors to Watch This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 07:09 GMT+8 <a href=https://www.barrons.com/articles/nike-fedex-johnson-johnson-darden-and-other-stocks-for-investors-to-watch-this-week-51624215603?mod=hp_LEAD_3><strong>barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. ...</p>\n\n<a href=\"https://www.barrons.com/articles/nike-fedex-johnson-johnson-darden-and-other-stocks-for-investors-to-watch-this-week-51624215603?mod=hp_LEAD_3\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"FDX":"联邦快递","NKE":"耐克","JNJ":"强生","DRI":"达登饭店"},"source_url":"https://www.barrons.com/articles/nike-fedex-johnson-johnson-darden-and-other-stocks-for-investors-to-watch-this-week-51624215603?mod=hp_LEAD_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154249454","content_text":"A handful of notable companies will release their latest results toward the end of this week.Nike,FedEx,andDarden Restaurantswill report on Thursday, followed by CarMax and Paychex on Friday. Wednesday will also feature analyst days and investor events from Johnson & Johnson, GlaxoSmithKline,and Equinix.\nEconomic data out this week include IHS’ Manufacturing and Services Purchasing Managers’ Indexes for June on Wednesday. Both are expected to hold near their record highs. The Census Bureau will release the durable-goods report for May on Thursday. Orders—often seen as a decent proxy for business investment—are expected to rise 3.3% month over month.\nAnd on Friday, the Bureau of Economic Analysis will report personal income and consumption for May. Spending is forecast to continue rising despite a drop off in income as stimulus checks finished being sent out in April.\nMonday 6/21\nThe Federal Reserve Bankof Chicago releases its National Activity index, a gauge of overall economic activity, for May. Expectations are for a 0.50 reading, higher than April’s 0.24 figure. A positive reading indicates economic growth that is above historical trends.\nTuesday 6/22\nThe National Associationof Realtors reports existing-home sales for May. Economists forecast a seasonally adjusted annual rate of 5.7 million homes sold, about 150,000 fewer than the April data. Existing-home sales have fallen for three consecutive months, as supply hasn’t been able to keep up with demand.\nWednesday 6/23\nEquinix hosts its 2021 analyst day, when the company will update its long-term financial outlook.\nGlaxoSmithKline hosts a conference call, featuring its CEO, Emma Walmsley, to update investors on the company’s strategy for growth and shareholder value creation.\nJohnson & Johnson hosts a webcast to discuss its ESG strategy.\nThe Census Bureaureports new residential construction data for May. Consensus estimate is for a seasonally adjusted annual rate of 875,000 new single-family homes sold, slightly higher than April’s 863,000. Similar to existing-home sales, new-home sales have fallen from their recent peak of 993,000 in January of this year.\nIHS Markitreportsboth its Manufacturing and Services Purchasing Managers’ indexes for June. Expectations are for a 61.5 reading for the Manufacturing PMI, and a 69.8 figure for the Services PMI. Both projections are comparable to the May data as well as being near record highs for their respective indexes.\nThursday 6/24\nThe Bureau of Economic Analysisreports the third and final estimate of first-quarter gross-domestic-product growth. Economists forecast a seasonally adjusted annual growth rate of 6.4%.\nAccenture,Darden Restaurants, FedEx, and Nike hold conference calls to discuss quarterly results.\nThe Bank of Englandannounces its monetary-policy decision. The central bank is widely expected to keep its key interest rate at 0.1%.\nThe Census Bureaureleases the durable-goods report for May. The consensus call is for new orders of manufactured goods to rise 2.8% month over month to $253 billion. Excluding transportation, new orders are projected at 1%, matching the April data.\nFriday 6/25\nCarMax and Paychex report earnings.\nThe BEA reportspersonal income and consumption for May. Income is expected to fall 3% month over month, after plummeting 13.1% in April. This reflects a dropoff in stimulus checks that first were sent out in March. Spending is seen rising 0.5%, comparable to the April data.","news_type":1},"isVote":1,"tweetType":1,"viewCount":75,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3581582714204773","authorId":"3581582714204773","name":"HyunBin","avatar":"https://static.tigerbbs.com/d73c269ed706b06f2b386d6042cc1fd6","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581582714204773","idStr":"3581582714204773"},"content":"Pls reply","text":"Pls reply","html":"Pls reply"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108142059,"gmtCreate":1620007239571,"gmtModify":1704337254321,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571546243427161","idStr":"3571546243427161"},"themes":[],"htmlText":"Pls like and comments ","listText":"Pls like and comments ","text":"Pls like and comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":6,"repostSize":0,"link":"https://ttm.financial/post/108142059","repostId":"2132438598","repostType":4,"repost":{"id":"2132438598","pubTimestamp":1620006729,"share":"https://ttm.financial/m/news/2132438598?lang=&edition=fundamental","pubTime":"2021-05-03 09:52","market":"hk","language":"en","title":"Stock market peak? 'Easy money' has been made but room for more gains, strategists say","url":"https://stock-news.laohu8.com/highlight/detail?id=2132438598","media":"MarketWatch","summary":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuve","content":"<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/854503dc809e899a55b7f361e8ef7951\" tg-width=\"1260\" tg-height=\"840\"><span>Room to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES</span></p>\n<p>Another week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.</p>\n<p>“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.</p>\n<p>Those concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.</p>\n<p>The past week was hardly a disaster. The S&P 500 index and Nasdaq Composite both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average ended the week down 0.5%, while the S&P 500 was virtually flat and the Nasdaq Composite fell 0.4%.</p>\n<p>Monthly performance was nothing to sneeze at, with the S&P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.</p>\n<p>The week ended with data that showed a 21.1% rise in personal income in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy grew at a rapid 6.4% annual pace in the first quarter.</p>\n<p>And the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.</p>\n<p>Questions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.</p>\n<p>But the Fed remains committed to allowing the economy to run hot, she noted.</p>\n<p>Chairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.</p>\n<p>A Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.</p>\n<p>Travel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.</p>\n<p>Malik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.</p>\n<p>Malik is also bullish on small-cap stocks. While the small-cap Russell 2000 has outperformed the large-cap Russell 1000 by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.</p>\n<p>The 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.</p>\n<p>Over the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.</p>\n<p>And then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses were soon erased.</p>\n<p>Investors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.</p>\n<p>In part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.</p>\n<p>But tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.</p>\n<p>Those factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.</p>\n<p>The market, meanwhile, could be due for a pullback, analysts said.</p>\n<p>Given the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”</p>","source":"lsy1603348471595","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>Stock market peak? 'Easy money' has been made but room for more gains, strategists say</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\">\nStock market peak? 'Easy money' has been made but room for more gains, strategists say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-03 09:52 GMT+8 <a href=https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. ...</p>\n\n<a href=\"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/stock-market-peak-easy-money-has-been-made-but-room-for-more-gains-strategists-say-11619835288?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2132438598","content_text":"Investors need to be more focused on finding companies that can clear a higher bar on earnings: Nuveen’s Malik\nRoom to climb? SEVEN SUMMIT TREKS/AFP VIA GETTY IMAGES\nAnother week of booming U.S. economic data and strong corporate earnings, including blowouts by some of the world’s largest technology companies, is in the books, yet stocks still managed only a mixed performance, feeding fears that market participants have already priced in a post-pandemic economic boom.\n“The way the markets are behaving has to do with investor concerns over whether the easy money has been made,” Saira Malik, chief investment officer for Nuveen’s $420 billion global equity division, told MarketWatch in an interview.\nThose concerns aren’t necessarily misplaced. “A lot of easy money has been made,” Malik said, but there is still scope for gains. Investors, however, will need to be more selective, focusing on companies and sectors more likely to top rising earnings expectations, she said.\nThe past week was hardly a disaster. The S&P 500 index and Nasdaq Composite both traded in record territory, but no breakouts were to be had. The Dow Jones Industrial Average ended the week down 0.5%, while the S&P 500 was virtually flat and the Nasdaq Composite fell 0.4%.\nMonthly performance was nothing to sneeze at, with the S&P 500 rising 5.2% in April for its strongest month since Novembe. The Nasdaq’s 5.4% rise for the month was the strongest since December. The Dow rose 2.7% in April.\nThe week ended with data that showed a 21.1% rise in personal income in March, fueled by fiscal stimulus checks, and accompanied by a 4.2% jump in personal spending. It followed an estimate of gross domestic product data that showed the U.S. economy grew at a rapid 6.4% annual pace in the first quarter.\nAnd the strong economic readings are almost certain to continue in the week ahead, with the Institute for Supply Management set to release its manufacturing index for April on Monday and its April services sector gauge on Wednesday. Friday will bring the May jobs report, with some economists seeing the potential for nonfarm payrolls to rise by more than 1 million.\nQuestions about whether this is “as good as it gets” are understandable, given that booming data, particularly for purchasing managers indexes, often herald monetary policy tightening by the Federal Reserve that lead to a slowdown, said Quincy Krosby, chief market strategist at Prudential Financial, which has $1.721 trillion in assets under management.\nBut the Fed remains committed to allowing the economy to run hot, she noted.\nChairman Jerome Powell on Wednesday reiterated that it remains too early to even consider talking about pulling back on the central bank’s extraordinary monetary stimulus measures, arguing that signs of inflationary pressures remain “transitory.” And while some employers are complaining about labor shortages, the jobs market is still far from tight as the economy continues to recover from the pandemic, he said.\nA Fed on hold bodes well for interest rate-sensitive stocks, particularly those tied to the consumer as the economy continues to reopen, Krosby told MarketWatch.\nTravel and leisure stocks and some other consumer-oriented parts of the market “can still do extremely well,” she said. Add in President Joe Biden’s infrastructure spending proposals and there’s room for industrials as well as clean energy names, which have already done well, to benefit, Krosby said.\nMalik is also upbeat on consumer-oriented companies, while industrials are set to benefit from continued economic growth and infrastructure spending. Financial firms should be poised to beat earnings expectations and should benefit from higher interest rates as inflation pressures push yields higher, she said.\nMalik is also bullish on small-cap stocks. While the small-cap Russell 2000 has outperformed the large-cap Russell 1000 by more than 2 percentage points in the year to date, the small-cap index still looks undervalued, she said.\nThe 12-month forward price-to-earnings ratio for the Russell 2000 stood at an 18-year low versus the Russell 1000 at the end of March, Malik noted, and record inflows into equity funds over the past five months have gone almost solely to large-cap stocks while small-caps have seen marginal outflows.\nOver the past month, small-caps have underperformed thanks to the rising number of COVID-19 cases around the globe, especially in Asia, and questions over whether the economic reopening has been priced in, she said. But small-caps should be able to benefit from rising commodity prices and inflation.\nAnd then there’s politics. Stocks wobbled on April 22 after a news report highlighted Biden’s plan to propose a near-doubling of the capital-gains tax rate on investors making more than $1 million a year to 39.4%. But those losses were soon erased.\nInvestors overall seem unfazed by Biden’s call for personal income tax hikes on the wealthy and a rise in the corporate tax rate. Stock market performance over Biden’s first 100 days in office, which ran through Thursday, was among the best of any presidency.\nIn part, that’s because market participants expect pushback by some Senate Democrats, where the party has a razor-thin majority, to water down the proposals, analysts said. Also, the economy-boosting spending proposals are also expected to provide a lift to the economy and earnings, particularly for companies that stand to benefit from infrastructure spending and other programs.\nBut tax hikes and the prospect of increased regulatory scrutiny will add to a more selective environment more favorable to stock- and sector-picking, analysts said.\nThose factors and the fading of other “systemic tailwinds,” such as falling interest rates will contribute to a transition away from a backdrop that saw “everything being favorable from a Wall Street perspective” to an environment with more differentiation, said Brad McMillan, chief investment officer at Commonwealth Financial Network, in an interview.\nThe market, meanwhile, could be due for a pullback, analysts said.\nGiven the scope of gains, it wouldn’t be a shock to see investors get spooked by any near-term, negative surprises on the tax front or talk around when the Fed will begin to taper its bond purchases, Krosby said, but added that at this point “all pullbacks are healthy.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":143,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3575443999456708","authorId":"3575443999456708","name":"ponyinvestor","avatar":"https://static.tigerbbs.com/138d1ebc8820019726a687f0ffe45994","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3575443999456708","idStr":"3575443999456708"},"content":"Comment on my post pls thanks","text":"Comment on my post pls thanks","html":"Comment on my post pls thanks"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341288562,"gmtCreate":1617831281656,"gmtModify":1704703603297,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571546243427161","idStr":"3571546243427161"},"themes":[],"htmlText":"Pls like and comment ","listText":"Pls like and comment ","text":"Pls like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":6,"repostSize":0,"link":"https://ttm.financial/post/341288562","repostId":"1160369765","repostType":4,"repost":{"id":"1160369765","pubTimestamp":1617809169,"share":"https://ttm.financial/m/news/1160369765?lang=&edition=fundamental","pubTime":"2021-04-07 23:26","market":"us","language":"en","title":"Biden’s tax and spending plans could dent GDP","url":"https://stock-news.laohu8.com/highlight/detail?id=1160369765","media":"雅虎金融","summary":"President Biden says his “American Jobs Plan” will create jobs and turbochargeeconomic growth. Econo","content":"<p>President Biden says his “American Jobs Plan” will create jobs and turbochargeeconomic growth. Economists aren’t so sure.</p>\n<p>Ananalysis of Biden’s planby the Penn Wharton Budget Model finds newspendingon infrastructure and social programs would actually cause a small decline in GDP. If the plan went into effect with all the new spending andtax increasesBiden has called for, it would reduce GDP by 0.9% by 2031, Penn Wharton finds. Wages would decline by 0.7%.</p>\n<p>Infrastructure projectsoften generate a positive return on investment because they improve efficiency and productivity. In the Penn Wharton model, however, GDP drops slightly for two reasons. First, the business tax hikes in the plan would diminish investment. And since tax hikes would only cover part of the plan’s cost, the government would have to borrow to finance the rest. Higher government debt would “crowd out” private investment, which in turn would reduce growth.</p>\n<p>There are alternative views.Moody’s Analyticsthinks theBiden planwill would “result in a stronger economy over the coming decade, with higher GDP, more jobs and lower unemployment.” That analysis forecasts slightly lower growth the first year the plan goes into effect, since tax hikes would reduce investment right away while the benefits of infrastructure spending would take longer to materialize. But within a couple years, the Biden plan would boost GDP by about 1.5 percentage points, Moody’s Analytics predicts.</p>\n<p>Biden and his aides have been touting the Moody's analysis, claiming the Biden planwould help create 19 million jobs by 2030. There has been some controversy about that. The Moody's analysis predicts the economy will gain 16 million jobs without the Biden jobs plan and 18.6 million (rounded to 19 million) with the plan. So it’s really forecasting the Biden plan will help create 2.6 million jobs over a decade. Biden and several advisors havemistakenly implied the plan alone will create 19 million jobs, vastly overstating its likely impact.</p>\n<p>Nobody knows for sure, of course. While Biden has released an outline of everything he hopes will be in the plan, Congress hasn’t yet drafted legislation and whatever passes, if anything, won’t be Biden’s plan exactly. Biden, for instance,wants to raise the corporate tax ratefrom 21% to 28%, but that probably won’t happen because a few Democrats think 28% is too high, and all Dems will probably need to vote for a plan that will get no Republican backing. Democrats may also have to water down or remove some parts of the plan that aren’t strictly infrastructure, such as several provisions on health care.</p>\n<p><img src=\"https://static.tigerbbs.com/04de78dac68af9dc8b9b8b5495c92685\" tg-width=\"705\" tg-height=\"470\" referrerpolicy=\"no-referrer\">Vehicles drive along the FDR Drive in New York, part of the city's aging infrastructure, Tuesday, April 6, 2021. With an appeal to think big, President Joe Biden is promoting his $2.3 trillion infrastructure plan directly to Americans. Republicans oppose Biden's American Jobs Plan as big taxes, big spending and big government. (AP Photo/Mark Lennihan)More</p>\n<p>Once there is draft legislation, there will be more analysis of its likely effects by the Congressional Budget Office and other organizations, along with vigorous efforts by supporters and critics to praise and discredit the plan. If the plan does pass in some form, there will almost certainly be unforeseen economic disruptions during the next several years that change the outlook for how much it’s likely to accomplish. No plan survives contact with the enemy, and that includes well-intentioned efforts to boost the economy.</p>","source":"yahoofinance_sg","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>Biden’s tax and spending plans could dent GDP</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\">\nBiden’s tax and spending plans could dent GDP\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-07 23:26 GMT+8 <a href=https://finance.yahoo.com/news/bidens-tax-and-spending-plans-could-dent-gdp-152140927.html><strong>雅虎金融</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>President Biden says his “American Jobs Plan” will create jobs and turbochargeeconomic growth. Economists aren’t so sure.\nAnanalysis of Biden’s planby the Penn Wharton Budget Model finds newspendingon...</p>\n\n<a href=\"https://finance.yahoo.com/news/bidens-tax-and-spending-plans-could-dent-gdp-152140927.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/bidens-tax-and-spending-plans-could-dent-gdp-152140927.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160369765","content_text":"President Biden says his “American Jobs Plan” will create jobs and turbochargeeconomic growth. Economists aren’t so sure.\nAnanalysis of Biden’s planby the Penn Wharton Budget Model finds newspendingon infrastructure and social programs would actually cause a small decline in GDP. If the plan went into effect with all the new spending andtax increasesBiden has called for, it would reduce GDP by 0.9% by 2031, Penn Wharton finds. Wages would decline by 0.7%.\nInfrastructure projectsoften generate a positive return on investment because they improve efficiency and productivity. In the Penn Wharton model, however, GDP drops slightly for two reasons. First, the business tax hikes in the plan would diminish investment. And since tax hikes would only cover part of the plan’s cost, the government would have to borrow to finance the rest. Higher government debt would “crowd out” private investment, which in turn would reduce growth.\nThere are alternative views.Moody’s Analyticsthinks theBiden planwill would “result in a stronger economy over the coming decade, with higher GDP, more jobs and lower unemployment.” That analysis forecasts slightly lower growth the first year the plan goes into effect, since tax hikes would reduce investment right away while the benefits of infrastructure spending would take longer to materialize. But within a couple years, the Biden plan would boost GDP by about 1.5 percentage points, Moody’s Analytics predicts.\nBiden and his aides have been touting the Moody's analysis, claiming the Biden planwould help create 19 million jobs by 2030. There has been some controversy about that. The Moody's analysis predicts the economy will gain 16 million jobs without the Biden jobs plan and 18.6 million (rounded to 19 million) with the plan. So it’s really forecasting the Biden plan will help create 2.6 million jobs over a decade. Biden and several advisors havemistakenly implied the plan alone will create 19 million jobs, vastly overstating its likely impact.\nNobody knows for sure, of course. While Biden has released an outline of everything he hopes will be in the plan, Congress hasn’t yet drafted legislation and whatever passes, if anything, won’t be Biden’s plan exactly. Biden, for instance,wants to raise the corporate tax ratefrom 21% to 28%, but that probably won’t happen because a few Democrats think 28% is too high, and all Dems will probably need to vote for a plan that will get no Republican backing. Democrats may also have to water down or remove some parts of the plan that aren’t strictly infrastructure, such as several provisions on health care.\nVehicles drive along the FDR Drive in New York, part of the city's aging infrastructure, Tuesday, April 6, 2021. With an appeal to think big, President Joe Biden is promoting his $2.3 trillion infrastructure plan directly to Americans. Republicans oppose Biden's American Jobs Plan as big taxes, big spending and big government. (AP Photo/Mark Lennihan)More\nOnce there is draft legislation, there will be more analysis of its likely effects by the Congressional Budget Office and other organizations, along with vigorous efforts by supporters and critics to praise and discredit the plan. If the plan does pass in some form, there will almost certainly be unforeseen economic disruptions during the next several years that change the outlook for how much it’s likely to accomplish. No plan survives contact with the enemy, and that includes well-intentioned efforts to boost the economy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":86,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3571345352614779","authorId":"3571345352614779","name":"xiaobaii","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3571345352614779","idStr":"3571345352614779"},"content":"Kindly give me a like & a comment please, thank you very much.","text":"Kindly give me a like & a comment please, thank you very much.","html":"Kindly give me a like & a comment please, thank you very much."}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940266079,"gmtCreate":1677974239991,"gmtModify":1677974242685,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571546243427161","idStr":"3571546243427161"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":17,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940266079","repostId":"2316492950","repostType":4,"repost":{"id":"2316492950","pubTimestamp":1677987004,"share":"https://ttm.financial/m/news/2316492950?lang=&edition=fundamental","pubTime":"2023-03-05 11:30","market":"us","language":"en","title":"Want $1 Million in Retirement? Buy These 2 Stocks in 2023 and Hold for the Next Decade","url":"https://stock-news.laohu8.com/highlight/detail?id=2316492950","media":"Motley Fool","summary":"Don't let a potential bear market keep you on the sidelines.","content":"<html><head></head><body><p>Building a $1 million retirement nest egg is the dream of many investors. With the appropriate strategy, allocation, and investing time horizon, this isn't an impossible goal by any means. As you diversify your basket of stocks to work toward this achievement, it's important to select quality businesses across a wide variety of sectors with multiple catalysts to sustain continued returns over a period of years.</p><p>For example, if you were to invest $200,000 in the stock market right now, promising companies with innovative, industry-leading businesses ripe for future growth could foreseeably compound that investment by 5 times or more in the next decade. With that said, here are two such stocks that could help you build out your retirement plan.</p><h2>1. Upstart</h2><p><b>Upstart</b> is dealing with extremely choppy market waters right now; however, looking beyond these events to the company's long-term prospects, an altogether brighter picture forms. To understand why, one has to take a deeper look into the inner workings of Upstart and its business, which is driven by artificial intelligence and machine learning. The company operates a lending marketplace that revolves around its innovative technology platform, which leverages more than 1,600 data points to assess the creditworthiness of any given consumer. In other words, it doesn't just the FICO score but atypical factors like education and income to help determine this.</p><p>By using a far broader range of factors to determine whether an applicant ought to be approved for a loan, as well as the platform's predictive capabilities that calibrate to the economic environment to assess the likelihood of that applicant to default, Upstart has not only been able to democratize the long-stale lending arena but also lower risk for institutional partners with more inclusive and real-time data.</p><p>Moreover, because Upstart's platform is constantly learning, this not only enables it to adjust to the most current economic conditions, but this also means that more of the company's loan applications are being handled on a fully automated basis.</p><p>In Upstart's full-year 2022 earnings report, management said that 82% of all loan applications on the platform were fully automated -- the highest level of automation its model has reached in the history of the company. Moreover, 88% of all small-dollar loans are now automated. On top of that, as of the end of 2022, Upstart's model had learned more in the prior seven months than it had in the entire 30 months before that.</p><p>During 2022, Upstart's number of bank and credit union partners soared 120% from 2021, and its network of auto dealers jumped more than 90% year over year. Bear in mind, the auto lending market alone represents a near $800 billion opportunity, and as of the end of 2022, the company had the second-fastest-growing auto retail software in the country.</p><p>As Upstart's platform is constantly learning, a challenging economic environment is inevitably going to mean that it approves fewer loans than it would in a situation where the risk of default is lower, but this would also indicate the exact opposite would happen in a more buoyant economic landscape. At the same time, the combination of institutional partners funding far fewer loans right now and a drop in consumers applying for loans has contributed to the declines in Upstart's top and bottom lines recently. While investors will need to continue watching these factors closely in the quarters ahead, it's important to differentiate broader economic headwinds from headwinds tied directly to Upstart's business.</p><p>The fact that the company is expanding market share, boosting platform automation, and rapidly growing its partner network even in a decidedly bleak lending environment is notable, and could prime the business for a relatively rapid upward trajectory once the economic environment improves and interest rates come down. Even a conservative position in this top growth stock could yield tremendous results over the next five to 10 years when paired with a wide selection of investments in a buy-and-hold investment portfolio. That potential may be too intriguing for some investors to overlook while the stock's currently trading down.</p><h2>2. Teladoc</h2><p><b>Teladoc</b> investors -- and I am one of them -- have faced more than their fair share of volatile market days over the past year. While shares of this healthcare stock are still down 64% from 12 months ago, they've risen roughly 15% since the start of 2023. The market has been far less kind toward unprofitable, growth-oriented businesses in the current economic environment, and Teladoc currently fits squarely into both categories.</p><p>The full 2022 year saw Teladoc achieve some notable goals, while falling short on other fronts. Revenue totaled $2.4 billion for the 12-month period, an 18% increase from 2021. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) was down year over year, but still hit $247 million. Teladoc also continues to see rapid adoption across a wide range of its healthcare services, with its teletherapy arm BetterHelp alone posting revenue growth of 29% year over year in the final quarter of 2022.</p><p>Teladoc reported a third impairment charge in Q4 of 2022 after having significantly shaved its net losses in the prior quarter. Specifically, it ended the 12-month period with a net loss of $13.7 billion, almost entirely due to impairment charges related to writing down the value of its 2020 Livongo acquisition. Here's the thing, though: While this loss is unpleasant to look at as an investor, these were non-cash impairment charges. In other words, paper-only net losses, which are not the same as actual operational losses.</p><p>Even though Teladoc overpaid for that acquisition, its contribution to its overall mission of disrupting the still underserved chronic care solutions market remains a notable green flag for the long-term future of the integration of these two businesses. CEO Jason Gorevic noted the following about its chronic care segment and broader platform expansion on the company's 2022 earnings call:</p><blockquote>Access to our platform is available to over 80 million individuals in the U.S. today, primarily through our relationships with employers and health plans. Over 50% of that population has access to more than one of our products. And when I look at our suite of chronic care solutions, 30% of enrollees are now utilizing more than one chronic care product. Our BetterHelp offering provided over 1 million individuals with access to mental healthcare over the past year, many of whom are unlikely to have received any care at all, if not for our services.</blockquote><blockquote>Our platform enabled over 22 million visits across specialties last year and over 0.5 billion digital health interactions with an unmatched consumer experience and a net promoter score over 60. That breadth and scale is unrivaled in the industry and gives us a strong foundation on which to expand.</blockquote><p>Teladoc remains the premier telehealth platform in the U.S., and the increasing diversity and adoption of its offerings bode well for its ability to continue expanding its market share in the years ahead. Management has been clear that moving back to profitability is a key goal for the future. The investments Teladoc is making now could yield robust returns for the company and its shareholders in the years ahead. As such, given Teladoc's long trajectory for growth, forward-thinking investors may find any dips in the stock to be too good to pass up.</p></body></html>","source":"fool_stock","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>Want $1 Million in Retirement? Buy These 2 Stocks in 2023 and Hold for the Next Decade</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\">\nWant $1 Million in Retirement? Buy These 2 Stocks in 2023 and Hold for the Next Decade\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-05 11:30 GMT+8 <a href=https://www.fool.com/investing/2023/03/03/want-1-million-in-retirement-buy-these-2-stocks-in/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Building a $1 million retirement nest egg is the dream of many investors. With the appropriate strategy, allocation, and investing time horizon, this isn't an impossible goal by any means. As you ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/03/03/want-1-million-in-retirement-buy-these-2-stocks-in/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"UPST":"Upstart Holdings, Inc.","TDOC":"Teladoc Health Inc."},"source_url":"https://www.fool.com/investing/2023/03/03/want-1-million-in-retirement-buy-these-2-stocks-in/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2316492950","content_text":"Building a $1 million retirement nest egg is the dream of many investors. With the appropriate strategy, allocation, and investing time horizon, this isn't an impossible goal by any means. As you diversify your basket of stocks to work toward this achievement, it's important to select quality businesses across a wide variety of sectors with multiple catalysts to sustain continued returns over a period of years.For example, if you were to invest $200,000 in the stock market right now, promising companies with innovative, industry-leading businesses ripe for future growth could foreseeably compound that investment by 5 times or more in the next decade. With that said, here are two such stocks that could help you build out your retirement plan.1. UpstartUpstart is dealing with extremely choppy market waters right now; however, looking beyond these events to the company's long-term prospects, an altogether brighter picture forms. To understand why, one has to take a deeper look into the inner workings of Upstart and its business, which is driven by artificial intelligence and machine learning. The company operates a lending marketplace that revolves around its innovative technology platform, which leverages more than 1,600 data points to assess the creditworthiness of any given consumer. In other words, it doesn't just the FICO score but atypical factors like education and income to help determine this.By using a far broader range of factors to determine whether an applicant ought to be approved for a loan, as well as the platform's predictive capabilities that calibrate to the economic environment to assess the likelihood of that applicant to default, Upstart has not only been able to democratize the long-stale lending arena but also lower risk for institutional partners with more inclusive and real-time data.Moreover, because Upstart's platform is constantly learning, this not only enables it to adjust to the most current economic conditions, but this also means that more of the company's loan applications are being handled on a fully automated basis.In Upstart's full-year 2022 earnings report, management said that 82% of all loan applications on the platform were fully automated -- the highest level of automation its model has reached in the history of the company. Moreover, 88% of all small-dollar loans are now automated. On top of that, as of the end of 2022, Upstart's model had learned more in the prior seven months than it had in the entire 30 months before that.During 2022, Upstart's number of bank and credit union partners soared 120% from 2021, and its network of auto dealers jumped more than 90% year over year. Bear in mind, the auto lending market alone represents a near $800 billion opportunity, and as of the end of 2022, the company had the second-fastest-growing auto retail software in the country.As Upstart's platform is constantly learning, a challenging economic environment is inevitably going to mean that it approves fewer loans than it would in a situation where the risk of default is lower, but this would also indicate the exact opposite would happen in a more buoyant economic landscape. At the same time, the combination of institutional partners funding far fewer loans right now and a drop in consumers applying for loans has contributed to the declines in Upstart's top and bottom lines recently. While investors will need to continue watching these factors closely in the quarters ahead, it's important to differentiate broader economic headwinds from headwinds tied directly to Upstart's business.The fact that the company is expanding market share, boosting platform automation, and rapidly growing its partner network even in a decidedly bleak lending environment is notable, and could prime the business for a relatively rapid upward trajectory once the economic environment improves and interest rates come down. Even a conservative position in this top growth stock could yield tremendous results over the next five to 10 years when paired with a wide selection of investments in a buy-and-hold investment portfolio. That potential may be too intriguing for some investors to overlook while the stock's currently trading down.2. TeladocTeladoc investors -- and I am one of them -- have faced more than their fair share of volatile market days over the past year. While shares of this healthcare stock are still down 64% from 12 months ago, they've risen roughly 15% since the start of 2023. The market has been far less kind toward unprofitable, growth-oriented businesses in the current economic environment, and Teladoc currently fits squarely into both categories.The full 2022 year saw Teladoc achieve some notable goals, while falling short on other fronts. Revenue totaled $2.4 billion for the 12-month period, an 18% increase from 2021. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) was down year over year, but still hit $247 million. Teladoc also continues to see rapid adoption across a wide range of its healthcare services, with its teletherapy arm BetterHelp alone posting revenue growth of 29% year over year in the final quarter of 2022.Teladoc reported a third impairment charge in Q4 of 2022 after having significantly shaved its net losses in the prior quarter. Specifically, it ended the 12-month period with a net loss of $13.7 billion, almost entirely due to impairment charges related to writing down the value of its 2020 Livongo acquisition. Here's the thing, though: While this loss is unpleasant to look at as an investor, these were non-cash impairment charges. In other words, paper-only net losses, which are not the same as actual operational losses.Even though Teladoc overpaid for that acquisition, its contribution to its overall mission of disrupting the still underserved chronic care solutions market remains a notable green flag for the long-term future of the integration of these two businesses. CEO Jason Gorevic noted the following about its chronic care segment and broader platform expansion on the company's 2022 earnings call:Access to our platform is available to over 80 million individuals in the U.S. today, primarily through our relationships with employers and health plans. Over 50% of that population has access to more than one of our products. And when I look at our suite of chronic care solutions, 30% of enrollees are now utilizing more than one chronic care product. Our BetterHelp offering provided over 1 million individuals with access to mental healthcare over the past year, many of whom are unlikely to have received any care at all, if not for our services.Our platform enabled over 22 million visits across specialties last year and over 0.5 billion digital health interactions with an unmatched consumer experience and a net promoter score over 60. That breadth and scale is unrivaled in the industry and gives us a strong foundation on which to expand.Teladoc remains the premier telehealth platform in the U.S., and the increasing diversity and adoption of its offerings bode well for its ability to continue expanding its market share in the years ahead. Management has been clear that moving back to profitability is a key goal for the future. The investments Teladoc is making now could yield robust returns for the company and its shareholders in the years ahead. As such, given Teladoc's long trajectory for growth, forward-thinking investors may find any dips in the stock to be too good to pass up.","news_type":1},"isVote":1,"tweetType":1,"viewCount":23,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144487033,"gmtCreate":1626310431222,"gmtModify":1703757551981,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571546243427161","idStr":"3571546243427161"},"themes":[],"htmlText":"Nice ","listText":"Nice ","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/144487033","repostId":"1119459818","repostType":4,"repost":{"id":"1119459818","pubTimestamp":1626310155,"share":"https://ttm.financial/m/news/1119459818?lang=&edition=fundamental","pubTime":"2021-07-15 08:49","market":"sg","language":"en","title":"Raise minimum S Pass pay to S$4,500 over time, target unfair hiring to ensure strong Singaporean core: MAS chief","url":"https://stock-news.laohu8.com/highlight/detail?id=1119459818","media":"The Straits Times","summary":"[SINGAPORE] For Singapore to be truly innovative, it should turn education and healthcare into major","content":"<div>\n<p>[SINGAPORE] For Singapore to be truly innovative, it should turn education and healthcare into major exportable services, digitalise its economy end-to-end, and take the lead in Asia on the green ...</p>\n\n<a href=\"https://www.straitstimes.com/singapore/politics/tighten-salary-criteria-target-discriminatory-hiring-to-ensure-strong-singaporean\">Web 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>Raise minimum S Pass pay to S$4,500 over time, target unfair hiring to ensure strong Singaporean core: MAS chief</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\">\nRaise minimum S Pass pay to S$4,500 over time, target unfair hiring to ensure strong Singaporean core: MAS chief\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 08:49 GMT+8 <a href=https://www.straitstimes.com/singapore/politics/tighten-salary-criteria-target-discriminatory-hiring-to-ensure-strong-singaporean><strong>The Straits Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>[SINGAPORE] For Singapore to be truly innovative, it should turn education and healthcare into major exportable services, digitalise its economy end-to-end, and take the lead in Asia on the green ...</p>\n\n<a href=\"https://www.straitstimes.com/singapore/politics/tighten-salary-criteria-target-discriminatory-hiring-to-ensure-strong-singaporean\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.straitstimes.com/singapore/politics/tighten-salary-criteria-target-discriminatory-hiring-to-ensure-strong-singaporean","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119459818","content_text":"[SINGAPORE] For Singapore to be truly innovative, it should turn education and healthcare into major exportable services, digitalise its economy end-to-end, and take the lead in Asia on the green economy.\nIt also needs a strong Singaporean core to work alongside the best global talents, said Singapore's central bank chief on Wednesday.\nSpeaking on the topic \"An Innovative Economy\" at the Institute of Policy Studies (IPS) at the Lee Kuan Yew School of Public Policy (LKYSPP), Monetary Authority of Singapore managing director Ravi Menon said some steps that could be taken include raising the qualifying salaries of foreign workers here, as well as stemming discriminatory hiring practices.\nIt was the second of four lectures he is giving in his capacity as IPS's ninth S R Nathan Fellow. The fellowship advances research on public policy and governance.\nMr Menon cited education and healthcare as two areas that can be turned into major exportable services.\n\"Can Singapore be the Oxbridge of Asia for education and the Mayo of Asia for healthcare?\n\"Given the trust premium Singapore enjoys and the high quality of our education and healthcare systems, coupled with the rise of a more discerning Asian middle class, the stars might be aligned for such a pivot.\"\nThe export intensity of the country's education and healthcare services, he observed, has not improved over the years.\nIn 2017, about 13 per cent of the output in education services was exported, just slightly higher than the 12 per cent in 2010; while the export intensity of healthcare services fell from 15 to 10 per cent during this period.\nHe added that Singapore cannot be a high-wage, low-cost economy.\nInstead, it must become a high-productivity, high-wage, high-cost economy - where most people can bear the higher costs because they have higher wages, and can earn higher wages because they have higher productivity.\nCiting studies which show that countries with high labour costs can also be highly competitive, he said: \"We should aim to create a self-reinforcing virtuous cycle of higher wages and costs accompanied by higher productivity, as well as higher purchasing power and willingness to pay for higher quality domestic services.\n\"It will not be easy and the transition has to be carefully managed. But it's worth trying.\"\nDIGITALISING END-TO-END\nBeing digital end-to-end means two things, said Mr Menon: Digitalising business processes within a firm by fully integrating front-end operations with the back-end; and ensuring that digital systems across firms are interoperable.\nA comprehensive digital ecosystem, he said, requires collective governance, common standards, open architecture and interoperable infrastructure.\n\"This means taking a risk-based approach to regulating new technology. Regulators need to keep pace with innovation but regulation itself must not front-run innovation.\"\nHe highlighted the importance of transparency in fostering trust in a digital economy. Users, he said, must be given clear explanations of what data is being used, how it is being used, as well as the consequences of decisions made using the data.\nThe authorities should also seriously consider mandating basic cyber hygiene for all businesses engaged in the digital economy, he said, calling actions such as installing security patches promptly and data encryption \"as essential as fire safety requirements\".\nSINGAPOREAN CORE WITH GLOBAL TALENT\nThe Republic's two-pronged talent strategy - of growing a strong Singaporean core while attracting talents from abroad to complement the workforce - is coming under strain amid growing unhappiness among locals over job competition from foreigners, said Mr Menon.\nHe cautioned that the country's value proposition as an innovative business hub will be at \"serious risk\" if it restricts the flow of talent. But the anxieties that some Singaporeans feel about the influx of foreigners are real and need to be addressed too, he said.\n\"We need to resolve this affective divide... Singapore cannot afford to be seen either as lacking in opportunity for our own citizens or unwelcoming of foreigners.\"\nHe suggested doing two things: First, continue to raise the minimum qualifying salary for S Pass holders and Employment Pass (EP) holders over time, with the minimum qualifying salary for S Pass holders pegged somewhere closer to the median monthly income, or around S$4,500.\nS Pass holders currently earn at least S$2,500 a month, with older, more experienced applicants needing higher salaries to qualify.\nHe cautioned against tightening EPs at the higher end, as it could lead to the loss of adjacent local jobs.\nThis is because highly skilled EP holders tend to create employment for locals by facilitating business expansion into new areas, rather than substituting for them, he said.\nSecond, more directly target discriminatory hiring in favour of foreigners in some firms.\n\"Rather than curtail the inflow of foreign workers and thereby restrain business growth and job opportunities for locals, we might want to consider directly punishing the individuals in the firm found to have engaged in discriminatory hiring,\" he said.\nSuch measures could include imposing financial penalties, reducing bonuses and freezing promotions.\nMr Menon stressed that being an international hub is the only way a small country like Singapore can aspire to First World standards of living.\nSingapore, he said, attained its current level of prosperity by being an international centre tapping international talents and serving an international market. But this also means that it must accept a higher foreign presence in Singapore than is the case in other countries.\n\"We can accept this as long as the foreigners who come here are of high quality, help to expand economic activity, and thereby help to create job opportunities for Singaporeans... and Singaporeans are always treated fairly.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":65,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":141253262,"gmtCreate":1625876610156,"gmtModify":1703750192235,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571546243427161","idStr":"3571546243427161"},"themes":[],"htmlText":"Pls like and comments ","listText":"Pls like and comments ","text":"Pls like and comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/141253262","repostId":"1142328952","repostType":4,"isVote":1,"tweetType":1,"viewCount":45,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":152160538,"gmtCreate":1625276220024,"gmtModify":1703739762923,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571546243427161","idStr":"3571546243427161"},"themes":[],"htmlText":"Pls like and comments ","listText":"Pls like and comments ","text":"Pls like and comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/152160538","repostId":"1165340887","repostType":4,"repost":{"id":"1165340887","pubTimestamp":1625257396,"share":"https://ttm.financial/m/news/1165340887?lang=&edition=fundamental","pubTime":"2021-07-03 04:23","market":"us","language":"en","title":"U.S. stocks sweep to fresh highs after strong jobs report","url":"https://stock-news.laohu8.com/highlight/detail?id=1165340887","media":"yahoo","summary":"Stocks rose Friday to record levels as investors digested a key print on the U.S. labor market recovery, which pointed to a faster pace of payroll gains than expected.The S&P 500 set another record high, kicking off the first sessions of the third quarter on a high note. The blue-chip index logged a seventh straight day of gains in its longest winning streak since August 2020. The Nasdaq also hit all-time intraday and closing highs, and the Dow gained to set its first record high since May 7. Sh","content":"<p>Stocks rose Friday to record levels as investors digested a key print on the U.S. labor market recovery, which pointed to a faster pace of payroll gains than expected.</p>\n<p>The S&P 500 set another record high, kicking off the first sessions of the third quarter on a high note. The blue-chip index logged a seventh straight day of gains in its longest winning streak since August 2020. The Nasdaq also hit all-time intraday and closing highs, and the Dow gained to set its first record high since May 7. Shares of Tesla (TSLA) fluctuated before ending slightly higher after the electric car-maker's second-quarter deliveries hit a new record but still missed analysts' estimates, based on Bloomberg consensus data.</p>\n<p>Investorsconsidered the U.S. Labor Department's June jobs report, the central economic data point that came out this week. The print showed a stronger-than-anticipated acceleration in hiring, with non-farm payrolls rising by 850,000 for a sixth straight monthly gain. The unemployment rate, however, unexpectedly ticked up slightly to 5.9%.</p>\n<p>\"This is the 'Goldilocks report' that the market was looking for today. You had a nice print here of 850,000 jobs being added, wage pressure remaining — I wouldn't call them necessarily contained — but surprising here on the downside versus consensus estimates. So this is telling us right now that economic growth is continuing to accelerate here, the jobs market is continuing to heal,\" Emily Roland, co-chief investment strategist at John Hancock Investment Management, told Yahoo Finance. \"We're making progress here in terms of what the Fed has set out to do, which is in order to get unemployment get down, they're going to let inflation run a little bit hot here. Not too hot, not too cold — this is just what the market wants.\"</p>\n<p>Heading into the report, equities have been buoyed by a slew of strong economic data earlier this week, especially on the labor market.Private payrolls rose by a better-than-expected 692,000 in June,according to ADP, andweekly initial jobless claims improved more than expectedto the lowest level since March 2020. Still, other reports underscored the still-prevalent labor supply challenges impacting companies across industries, with the scarcity capping what has otherwise been a robust economic rebound.</p>\n<p>\"It's really the labor market supply that's putting the brake on hiring right now,\" Luke Tilley, chief economist for Wilmington Trust, told Yahoo Finance. \"But we're pretty optimistic, the market is pretty optimistic, and we think that's a big part of what's driving these indexes higher.\"</p>\n<p>Friday's jobs report will also give markets a suggestion as to the timing of the Federal Reserve's next monetary policy move. For now, the Fed has kept in place both of its key crisis-era policies, or quantitative easing and a near-zero benchmark interest rate. However, an especially strong jobs report and faster-than-expected print on wage growth could justify an earlier-than-currently-telegraphed shift by the central bank.</p>\n<p>“For the first time in years, I’m actually worried about a too hot number causing some kind of volatility or pullback in stocks. That’s because the Fed has signaled they are looking to taper QE,\" Tom Essaye, Sevens Report Research founder,told Yahoo Finance. \"And if we get a really, really strong jobs number and a hot wage number, then markets are going to start to say gee, are they going to taper QE maybe before November, or are they going to taper it more intensely than we thought and in a market that's frankly been very calm and a little bit complacent, that could cause volatility.\"</p>\n<p>Still, the Fed has suggested it would not react rashly to single reports, and has given itself leeway to adjust the timeline of its monetary policy pivots as more data comes in.</p>\n<p>\"I think everyone's counting on the Fed continuing really for the foreseeable future. So I don't see any big changes there coming before 2023,\" Octavio Marenzi, CEO and founder of Opimas,told Yahoo Finance.\"And even then the Fed has hedged its bets very significantly — they've basically said we might in 2023 raise interest rates twice, but then again we might not. So I think the smart money is betting things are going to keep on going, they're going to carry on with a very accommodative monetary policy.\"</p>\n<p>Even with the recent strength for stocks, market strategists say that uncertainty about the future of the Fed’s asset purchases and the upcoming earnings season could keep stocks from making major gains in the near term.</p>\n<p>“The market is still very much concerned about the Fed’s reaction function,” said Max Gokhman, head of asset allocation at Pacific Life Fund Advisors, adding that he thought there was still a lot of slack in the labor market.</p>\n<p>4:01 p.m. ET: Stocks close higher, S&P 500 posts longest winning streak since August 2020</p>\n<p>Here's where markets closed out on Friday:</p>\n<ul>\n <li><p><b>S&P 500 (^GSPC)</b>: +32.51 (+0.75%) to 4,352.45</p></li>\n <li><p><b>Dow (^DJI)</b>: +154.4 (+0.45%) to 34,787.93</p></li>\n <li><p><b>Nasdaq (^IXIC)</b>: +116.95 (+0.81%) to 14,639.33</p></li>\n</ul>","source":"lsy1584348713084","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nU.S. stocks sweep to fresh highs after strong jobs report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-03 04:23 GMT+8 <a href=https://finance.yahoo.com/news/stock-market-news-live-updates-july-2-2021-221546079-221120965.html><strong>yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Stocks rose Friday to record levels as investors digested a key print on the U.S. labor market recovery, which pointed to a faster pace of payroll gains than expected.\nThe S&P 500 set another record ...</p>\n\n<a href=\"https://finance.yahoo.com/news/stock-market-news-live-updates-july-2-2021-221546079-221120965.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯"},"source_url":"https://finance.yahoo.com/news/stock-market-news-live-updates-july-2-2021-221546079-221120965.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165340887","content_text":"Stocks rose Friday to record levels as investors digested a key print on the U.S. labor market recovery, which pointed to a faster pace of payroll gains than expected.\nThe S&P 500 set another record high, kicking off the first sessions of the third quarter on a high note. The blue-chip index logged a seventh straight day of gains in its longest winning streak since August 2020. The Nasdaq also hit all-time intraday and closing highs, and the Dow gained to set its first record high since May 7. Shares of Tesla (TSLA) fluctuated before ending slightly higher after the electric car-maker's second-quarter deliveries hit a new record but still missed analysts' estimates, based on Bloomberg consensus data.\nInvestorsconsidered the U.S. Labor Department's June jobs report, the central economic data point that came out this week. The print showed a stronger-than-anticipated acceleration in hiring, with non-farm payrolls rising by 850,000 for a sixth straight monthly gain. The unemployment rate, however, unexpectedly ticked up slightly to 5.9%.\n\"This is the 'Goldilocks report' that the market was looking for today. You had a nice print here of 850,000 jobs being added, wage pressure remaining — I wouldn't call them necessarily contained — but surprising here on the downside versus consensus estimates. So this is telling us right now that economic growth is continuing to accelerate here, the jobs market is continuing to heal,\" Emily Roland, co-chief investment strategist at John Hancock Investment Management, told Yahoo Finance. \"We're making progress here in terms of what the Fed has set out to do, which is in order to get unemployment get down, they're going to let inflation run a little bit hot here. Not too hot, not too cold — this is just what the market wants.\"\nHeading into the report, equities have been buoyed by a slew of strong economic data earlier this week, especially on the labor market.Private payrolls rose by a better-than-expected 692,000 in June,according to ADP, andweekly initial jobless claims improved more than expectedto the lowest level since March 2020. Still, other reports underscored the still-prevalent labor supply challenges impacting companies across industries, with the scarcity capping what has otherwise been a robust economic rebound.\n\"It's really the labor market supply that's putting the brake on hiring right now,\" Luke Tilley, chief economist for Wilmington Trust, told Yahoo Finance. \"But we're pretty optimistic, the market is pretty optimistic, and we think that's a big part of what's driving these indexes higher.\"\nFriday's jobs report will also give markets a suggestion as to the timing of the Federal Reserve's next monetary policy move. For now, the Fed has kept in place both of its key crisis-era policies, or quantitative easing and a near-zero benchmark interest rate. However, an especially strong jobs report and faster-than-expected print on wage growth could justify an earlier-than-currently-telegraphed shift by the central bank.\n“For the first time in years, I’m actually worried about a too hot number causing some kind of volatility or pullback in stocks. That’s because the Fed has signaled they are looking to taper QE,\" Tom Essaye, Sevens Report Research founder,told Yahoo Finance. \"And if we get a really, really strong jobs number and a hot wage number, then markets are going to start to say gee, are they going to taper QE maybe before November, or are they going to taper it more intensely than we thought and in a market that's frankly been very calm and a little bit complacent, that could cause volatility.\"\nStill, the Fed has suggested it would not react rashly to single reports, and has given itself leeway to adjust the timeline of its monetary policy pivots as more data comes in.\n\"I think everyone's counting on the Fed continuing really for the foreseeable future. So I don't see any big changes there coming before 2023,\" Octavio Marenzi, CEO and founder of Opimas,told Yahoo Finance.\"And even then the Fed has hedged its bets very significantly — they've basically said we might in 2023 raise interest rates twice, but then again we might not. So I think the smart money is betting things are going to keep on going, they're going to carry on with a very accommodative monetary policy.\"\nEven with the recent strength for stocks, market strategists say that uncertainty about the future of the Fed’s asset purchases and the upcoming earnings season could keep stocks from making major gains in the near term.\n“The market is still very much concerned about the Fed’s reaction function,” said Max Gokhman, head of asset allocation at Pacific Life Fund Advisors, adding that he thought there was still a lot of slack in the labor market.\n4:01 p.m. ET: Stocks close higher, S&P 500 posts longest winning streak since August 2020\nHere's where markets closed out on Friday:\n\nS&P 500 (^GSPC): +32.51 (+0.75%) to 4,352.45\nDow (^DJI): +154.4 (+0.45%) to 34,787.93\nNasdaq (^IXIC): +116.95 (+0.81%) to 14,639.33","news_type":1},"isVote":1,"tweetType":1,"viewCount":174,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":123178258,"gmtCreate":1624413835574,"gmtModify":1703835934411,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571546243427161","idStr":"3571546243427161"},"themes":[],"htmlText":"Pls like and comments ","listText":"Pls like and comments ","text":"Pls like and comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/123178258","repostId":"1115637073","repostType":4,"repost":{"id":"1115637073","pubTimestamp":1624413226,"share":"https://ttm.financial/m/news/1115637073?lang=&edition=fundamental","pubTime":"2021-06-23 09:53","market":"us","language":"en","title":"Bubble Expert Jeremy Grantham Addresses ‘Epic’ Equities Euphoria","url":"https://stock-news.laohu8.com/highlight/detail?id=1115637073","media":"Bloomberg","summary":"It’s been just over a year since the last stock market crash, and investors are wondering if another","content":"<p>It’s been just over a year since the last stock market crash, and investors are wondering if another one is on the way. With economic momentum slowing as the effects of fiscal stimulus wear off, it’s no surprise that equities seem to be fading, too. Meanwhile, labor shortages and stretched supply chains remain lingering issues, while inflation is starting to be passed on to consumers. It seems like this should be a risk-off environment. But retail traders appear to be the only investors having a good time. Does that mean we’re in a bubble and due for a pop?</p>\n<p>Jeremy Grantham, market historian and co-founder of the Boston investment firmGMO, debates the subject with Bloomberg Opinion’s John Authers. His remarks have been edited and condensed.</p>\n<p>Robert Shiller, whom you’ve praised, compared the rise in speculative assets like Bitcoin and NFTs to the fad of Beanie Babies. But he declined to say that there’s a bubble in stocks. What elements of a bubble do you see in a stock market that crashed pretty hard just one year ago, and why would it crash again?</p>\n<p>GRANTHAM: First, the Covid crash is quite distinct from a classic long bull market ending, as they usually do in a bubble and bust. As a sharp external effect, it was more like the 1987 technical crash caused by portfolio insurance: a short hit and a sharp recovery. Looking back, although they were painful at the time, they were mere blips on the longer-term buildup of confidence toward a market peak.</p>\n<p><img src=\"https://static.tigerbbs.com/e5c3a701908cefae1e6731747c1dee45\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>The last 12 months have been a classic finale to an 11-year bull market. Peak overvaluation across each decile by price to sales, so that the most expensive 10% is worse than it was in the 2000 tech bubble and the remaining nine deciles are much more expensive. all measures of debt and margin are at peaks. Speculative measures such as call option volumes, volume of individual trading and quantities of over-the-counter or penny stocks are all at records.</p>\n<p>Robinhood and commission-free retail trading have driven a surge of new investors with no experience of past bubbles and busts. So the scale of craziness is larger. Cryptocurrencies represent over $1 trillion of claims on total asset value while adding nothing -- pure dilution.</p>\n<p>Quantumscape, my own investment from over seven years ago, is a brilliant research lab. For a minute, it sold above GM or Panasonic’s market value, even with no sales.</p>\n<p>Finally, Dogecoin, AMC and Gamestop -- worth billions in the market and not even pretending to be serious investments. AMC is up nearly 10 times since before the pandemic even though box office is down nearly 80%! Dogecoin was created as a joke to make fun of cryptocurrencies being worthless, and not only has it taken off, but it’s such a success that second-level joke cryptocurrencies making fun of Dogecoin have gone to multibillion-dollar valuations. Meanwhile, other cryptocurrencies have seen success purely on the basis of their scatological names.</p>\n<p>“Meme” investing -- the idea that something is worth investing in, or rather gambling on, simply because it is funny -- has become commonplace. It’s a totally nihilistic parody of actual investing. This is it guys, the biggest U.S. fantasy trip of all time.</p>\n<p>In January, you wrote “all bubbles end with near universal acceptance that the current one will not end yet.” This reason this time is the belief that interest rates will be kept near zero forever. But members of the Fed are penciling in a couple of rate hikes by the end of 2023. What would you do now if you were the Fed chair?</p>\n<p>GRANTHAM: All four chairmen post-Volcker have underestimated the potential economic damage from inflated asset prices, particularly housing, deflating rapidly. The role of higher asset prices on increasing inequality also hasn’t been considered. Asset bubbles are extremely dangerous.</p>\n<p>As Fed chair, I would have moved to curtail U.S. stocks in 1998-1999 and housing in 2005-2007. Similarly, today I would act to deflate all asset prices as carefully as I could, knowing that an earlier decline, however painful, would be smaller and less dangerous than waiting -- the analogy of jumping off an accelerating bus seems a suitably painful one.</p>\n<p>This current event is particularly dangerous because bonds, stocks and real estate are all inflated together. Even commodities have surged. That perfecta and a half has never happened before, anywhere. The closest was Japan in 1989 with two hyper-inflated asset categories: record land and real estate, worse than the South Sea bubble, together with record P/E’s in stocks recorded at the time as 65x. The consequences for the economy were dire, and neither land nor stocks have yet returned to their 1989 peaks!</p>\n<p>The pain from loss of perceived value will only get more intense as prices rise from here. In short, the Fed since Volcker has been pretty clueless and remains so. What has been more remarkable, though, is the persistent confidence shown toward all of these four Fed bosses despite the demonstrable ineptness in dealing with asset bubbles.</p>\n<p>You’ve made it clear timing the end of a bubble is challenging. But you’ve also pointed to this one bursting in “late spring or early summer” -- in other words, right now. Are we still on the cusp of a crash? What can we expect the fall to look like? And if the market should drop, how do you decide when to buy back in?</p>\n<p>Checking all the necessary boxes of a speculative peak, the U.S. market was entitled historically to start unraveling any time after January this year. One odd characteristic of the three biggest bubbles in the U.S. -- 1929, 1972 and 2000 -- is that the very end was preceded byblue chips outperforming more aggressive, higher beta stocks. In 2000, for five months from March, tech-related stocks crashed by 50% as the S&P 500 was unchanged, and the balance of the market was up over 15%. In 1972, before the biggest bear market since the Depression, the S&P outperformed the average stock by 35%. And in 1929, the effect was even more extreme, with the racy S&P low-priced index down nearly 30% before the broad market crashed.</p>\n<p>Today, the Nasdaq and Russell 2000 are below the level of Feb. 9 four and a half months later, and many of the leading growth stocks are down. (Tesla has fallen from $900 to $625.) The SPAC ETF is down 25% since February. Meanwhile, the S&P has chugged higher by 8% since Feb. 9.</p>\n<p>Probably the asset that most resembles the Nasdaq in 2000 is Bitcoin, and it has been cut in half over the last several weeks. In 2000, the Nasdaq crashing 50% was a perfect warning shot for the broad market six months in advance.</p>\n<p><img src=\"https://static.tigerbbs.com/c86538b523b4f0d8a0b4391363e62780\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>I willadmit, though, that the extent and speed of the new stimulus program was surprising and was guaranteed to help a bubble keep going. Equally surprising was the success of the vaccination program in much of the developed world. Together, they should make the bubble longer-lived and bigger.</p>\n<p>What it will not do, though, is change the justifiable market value that will be reached one day. Therefore, as always, the higher we go the longer and deeper the pain. Getting back in is technically easy but psychologically difficult: Start to average in as the market reaches more reasonable levels, say 18x earnings.</p>\n<p>AUTHERS: To illustrate the point Jeremy made, the difference in behavior between the Nasdaq 100 and S&P 500 in 2000 was dramatic. (And there were plenty of far more stratospheric pure dot-com companies outside the Nasdaq 100 that peaked at the same time.) The S&P still carried on horizontally for two or three months before nose-diving, much as it has moved horizontally for the past two months.</p>\n<p><img src=\"https://static.tigerbbs.com/979b24b3fb1bc843f43dc3fa69b7ee67\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>How similar do things look now? It’s always a problem putting Bitcoin on a chart with anything else, because its performance is so remarkable. But yes, there is something rather similar about how the cryptocurrency has dived while the S&P moves sideways.</p>\n<p><img src=\"https://static.tigerbbs.com/21c319ea2658a34a6e86d6f2c71480ad\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>Note that there was already an uncomfortable similarity even before the Bitcoin price dropped below $30,000 this morning.</p>\n<p>One more analogy with how the most exciting speculative assets of this era seem already to have peaked: The SPAC (special purpose acquisition company) boom topped in February. So did the spectacularly successfulARK Innovation ETFrun by Cathie Wood, which is full of exciting plays on future technology investments. These are arguably better comparisons to the dot-com era, when companies went public without ever having generated earnings or even sales, and when there was great excitement about new technology. That excitement has proved to be justified two decades later, but it didn’t stop a lot of people from losing money in 2000.</p>\n<p><img src=\"https://static.tigerbbs.com/e6f987da4e94f7535f0eb33f1735d2d5\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>To continue on the issue of timing the stock market, it seems to me that timing the bond market could be critical. For years, the standard point made by equity bulls has been that even if share prices look historically expensive, bonds appear even more extreme, Can we see a true unwinding of the stock-market bubble without first witnessing an unwinding of the bond bubble?</p>\n<p>On that issue, one reader reminded me of a passage from Jeremy’s 2017 letter for GMO, which brought attention to the fact that profit margins and the multiple that people were prepared to accept moved higher in the mid-1990s. Here are the charts:</p>\n<p><img src=\"https://static.tigerbbs.com/01f4f508a8d734f99a00c38518990554\" tg-width=\"800\" tg-height=\"526\" referrerpolicy=\"no-referrer\"></p>\n<p>Source: GMO</p>\n<p><img src=\"https://static.tigerbbs.com/d1087d94807b28a3f589ca9b83ad5b3b\" tg-width=\"1000\" tg-height=\"664\" referrerpolicy=\"no-referrer\"></p>\n<p>Source: GMO</p>\n<p>There are of course a lot of arguments about what caused this. Perhaps the most popular explanation is that the Federal Reserve under Alan Greenspan lost the plot and started propping up the stock market, deliberately or otherwise. It was very low rates that enabled higher multiples and higher profit margins. But, of course, we have even lower real rates today.</p>\n<p>This was what Jeremy said four years ago:</p>\n<blockquote>\n “The single largest input to higher margins, though, is likely to be the existence of much lower real interest rates since 1997 combined with higher leverage. Pre-1997 real rates averaged 200 bps higher than now and leverage was 25% lower. At the old average rate and leverage, profit margins on the S&P 500 would drop back 80% of the way to their previous much lower pre-1997 average, leaving them a mere 6% higher. (Turning up the rate dial just another 0.5% with a further modest reduction in leverage would push them to complete the round trip back to the old normal.)”\n</blockquote>\n<blockquote>\n “So, to summarize, stock prices are held up by abnormal profit margins, which in turn are produced mainly by lower real rates, the benefits of which are not competed away because of increased monopoly power, etc. What, we might ask, will it take to break this chain? Any answer, I think, must start with an increase in real rates.”\n</blockquote>\n<p>The issue now is that real rates are historically low and could easily rise and trigger a rush for the exits. We also have more leverage and more monopoly concentration than we did four years ago.</p>\n<p><img src=\"https://static.tigerbbs.com/89600f321aa62b612359d9d78652e6a3\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>On Jeremy’s argument from 2017, real rates might not even need to go positive to burst the bubble in stocks. To what extent do low rates keep the bubble inflated? And how much of a “tantrum” in real yields would be needed to bring down the stock market?</p>\n<p>GRANTHAM: Even if we stay in the recent, post-2000 low-interest-rate regime, a full scale psychological bubble can still burst as they did in 2000 and 2007 (including housing). Although, to be sure, they fell to higher lows than before and recovered much faster.</p>\n<p>Still, an 82% decline in the Nasdaq by 2003 was no picnic. In the longer run, a low interest-rate regime promotes lower average yields (and higher average prices) across all assets globally. However, I strongly suspect that there will be a slow irregular return to both higher average inflation and higher average real rates in the next few years, even if they only close half the difference or so with the pre-2000 good old days. Reasons could include resource limitations, energy transition and profound changes in the population mix -- with more retirees and fewer young workers throughout the developed world and China, which collectively could promote both inflation and higher rates.</p>\n<p>There is still so much cash in the system from fiscal stimulus to the Fed as buyer of last resort. Several clients have asked whether it’s fair for stock bulls to fall back on this dynamic as a reason for there to be room to run. In short, is the liquidity argument valid?<img src=\"https://static.tigerbbs.com/9b70f8872fdbdf0905f070287a8501bf\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>GRANTHAM: First, let me make it clear that I am not an expert on money or liquidity. However, although the rate of increase in M2, for example, is extremely high, the growth rate has declined in recent weeks precipitously, about as fast as ever recorded from roughly 18% year over year to 12%.</p>\n<p>Just as bull markets turn down when confidence is high but less than yesterday, so the second derivative determines the effect of liquidity. The best analogy is the fun ping-pong ball supported in the air by a stream of water. The water pressure is still very high and the ball is high, but the ball has dropped an inch or two.</p>\n<p>Moving to asset allocation, which several of our readers have asked about, is the traditional 60/40 portfolio still the ideal strategy? And what do you think about alternative hedges like mega-cap tech stocks or even Bitcoin as a piece of a portfolio?</p>\n<p>GRANTHAM: Asset allocation is particularly difficult today, with all major asset classes overpriced. With interest rates at a 4,000 year-low (see Jim Grant), 60-40 seems particularly dangerous. Two sectors are at historical low ratios however: Emerging-market equities compared the S&P and value stocksvs. growth.</p>\n<p>In addition to a cash reserve to take advantage of a future market break, I would recommend as large a position in the intersection of these two relatively cheap sectors -- value stocks and emerging market equities -- as you can stand. I am confident they will return a decent 10%-20% a year and perhaps much better.</p>\n<p><img src=\"https://static.tigerbbs.com/61119ce01ded6da4506e3464049c2d54\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>The S&P is likely to do poorly in comparison. Bitcoin should be avoided. Cryptocurrencies total over $1 trillion of claims on real global assets while adding nothing to the GDP pool --pure dilution.</p>\n<p>Our family environmental foundation is making a big play (75%!) in early-stage VC, including green VC. VC seems to be by far the most dynamic part of a generally fat, happy and conservative U.S. capitalism. The star players today -- the FANG types -- have all fairly recently sprung out of the VC industry, which is the U.S.’s last, best example of real exceptionalism. However, history suggests they will not be spared in a major market break and indeed may already be showing some relative weakness.</p>\n<p>AUTHERS: On emerging-markets’ value, it’s worth pointing out that it’s not as “out there” or merely theoretical as a lot of detractors suggest. It gives an extremely bumpy ride, of course, but over the last 20 years the MSCI EM Value index has handily beaten the S&P 500 in total-return terms.</p>\n<p><img src=\"https://static.tigerbbs.com/64a2794abeadade3dfff342413c0e75d\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\"></p>\n<p>Add to this the fact that it starts compellingly cheap now and it has very real appeal -- for those with strong constitutions who are prepared to wait.</p>\n<p>Reading Jeremy’s response, I think it might also be important to point out that cash isn’t just there as a lead weight in a portfolio. It obviously gives you no kind of decent return at present, but it does have value in its optionality. The idea of carrying cash now is not to stay in it for 20 years at the same weighting, but to give yourself the opportunity to buy more conventional growth assets once they are at a reasonable price. So I suppose this is a caution against the notion of doing all your timing via automatic rebalancing -- you have to be ready to jump in to take opportunities.</p>\n<p>You received the CBE (Commander of the Most Excellent Order of the British Empire) from Prince William in 2016 for your work on climate change, which is now a popular investing theme. How does an average investor pursue green investing when some people believe a “green bubble” is emerging? Examples include price surges on electric-vehicle makers or ESG ETFs.</p>\n<p>GRANTHAM: Well, what do you know? GMO has an excellent climate change fund that tries hard to avoid the crazy parts. Yes, there are some bubbly stuff in the green/ESG area, as there is everywhere. But the wind of government support and corporate recognition is behind greening the economy. So lithium and copper, for example, may be at temporary highs. But in the long term, they are very scarce resources critical to decarbonizing, and their prices will go much higher.</p>\n<p>Similarly, EVs may get ahead of themselves and suffer -- Amazon was down 92% by 2002. But some will go very much higher. (The closer you can get to very early stage VC, the more you avoid the bubble, although sadly not entirely. Recycling the limited resources above, for example, may be one of the great opportunities that exist.)</p>\n<p><img src=\"https://static.tigerbbs.com/90768d03b32314264aaa3b29bd590128\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\">Talking about bubbles and timing them, is there validity to Goetzmann’s ideas? As bubbles are hard to identify and time, should we just opt for systematic rebalancing, which at least ensures you sell sell high and buy low to some extent?</p>\n<p>AUTHERS: There is a contrarian literature suggesting that there is no such thing as a bubble that we can spot in real time before it bursts. To quote Yale University’s Will Goetzmann, in a 2015 paper called “Bubble Investing: Learning from History”, a bubble is a boom that goes bad, “but not all booms are bad.”</p>\n<p>I’d like to put Goetzmann’s ideas to Jeremy. He defined a bubble as an index that doubles in price in a year or (a softer version) in three years, and looked at national indexes going back a century. His figures, which I quoted here, found 72 cases of a market doubling in a year. In the following year, six doubled again, and three halved, giving back all their gains: Argentina in 1977, Austria in 1924 and Poland in 1994.</p>\n<p>For doubling in three years, he found 460 examples. In the following five years, 10.4% of them halved. The possibility of halving in any three-year period, regardless of what had come before, was lower than this but not dramatically so: 6%. Crashes where bubbles as he defined them burst and gave up all their gains were rarer than booms where the index went on to double again.</p>\n<p>GRANTHAM: Our main study of bubbles eventually covered 330 examples including commodities. To do this on a consistent basis, we defined a bubble on price series only as a two-sigma event, the kind that would occur randomly every 44 years. (In our data its every 35 years -- pretty close.)</p>\n<p>Using only price trend and using only outliers seemed, then and now, better than using arbitrary price changes, which can double or triple from extreme lows, like 1931 or 1982, and mean nothing. Yes, we found a few paradigm shifts -- almost all small, such as moving from developing status to developed. None, other than oil in the first OPEC crisis, were significant. All the other major bubbles returned to trend eventually.</p>\n<p>For the great bubbles by scale and significance, we also noticed that they all accelerated late in the game and had psychological measures that could not be missed by ordinary investors. (Economists are a different matter.) The data, like today, is always clear, just uncommercial and inconvenient for the investment industry and often psychologically impossible to see for many individuals.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bubble Expert Jeremy Grantham Addresses ‘Epic’ Equities Euphoria</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\">\nBubble Expert Jeremy Grantham Addresses ‘Epic’ Equities Euphoria\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-23 09:53 GMT+8 <a href=https://www.bloomberg.com/news/articles/2021-06-22/bubble-expert-jeremy-grantham-addresses-epic-equities-euphoria><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It’s been just over a year since the last stock market crash, and investors are wondering if another one is on the way. With economic momentum slowing as the effects of fiscal stimulus wear off, it’s ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-22/bubble-expert-jeremy-grantham-addresses-epic-equities-euphoria\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-22/bubble-expert-jeremy-grantham-addresses-epic-equities-euphoria","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115637073","content_text":"It’s been just over a year since the last stock market crash, and investors are wondering if another one is on the way. With economic momentum slowing as the effects of fiscal stimulus wear off, it’s no surprise that equities seem to be fading, too. Meanwhile, labor shortages and stretched supply chains remain lingering issues, while inflation is starting to be passed on to consumers. It seems like this should be a risk-off environment. But retail traders appear to be the only investors having a good time. Does that mean we’re in a bubble and due for a pop?\nJeremy Grantham, market historian and co-founder of the Boston investment firmGMO, debates the subject with Bloomberg Opinion’s John Authers. His remarks have been edited and condensed.\nRobert Shiller, whom you’ve praised, compared the rise in speculative assets like Bitcoin and NFTs to the fad of Beanie Babies. But he declined to say that there’s a bubble in stocks. What elements of a bubble do you see in a stock market that crashed pretty hard just one year ago, and why would it crash again?\nGRANTHAM: First, the Covid crash is quite distinct from a classic long bull market ending, as they usually do in a bubble and bust. As a sharp external effect, it was more like the 1987 technical crash caused by portfolio insurance: a short hit and a sharp recovery. Looking back, although they were painful at the time, they were mere blips on the longer-term buildup of confidence toward a market peak.\n\nThe last 12 months have been a classic finale to an 11-year bull market. Peak overvaluation across each decile by price to sales, so that the most expensive 10% is worse than it was in the 2000 tech bubble and the remaining nine deciles are much more expensive. all measures of debt and margin are at peaks. Speculative measures such as call option volumes, volume of individual trading and quantities of over-the-counter or penny stocks are all at records.\nRobinhood and commission-free retail trading have driven a surge of new investors with no experience of past bubbles and busts. So the scale of craziness is larger. Cryptocurrencies represent over $1 trillion of claims on total asset value while adding nothing -- pure dilution.\nQuantumscape, my own investment from over seven years ago, is a brilliant research lab. For a minute, it sold above GM or Panasonic’s market value, even with no sales.\nFinally, Dogecoin, AMC and Gamestop -- worth billions in the market and not even pretending to be serious investments. AMC is up nearly 10 times since before the pandemic even though box office is down nearly 80%! Dogecoin was created as a joke to make fun of cryptocurrencies being worthless, and not only has it taken off, but it’s such a success that second-level joke cryptocurrencies making fun of Dogecoin have gone to multibillion-dollar valuations. Meanwhile, other cryptocurrencies have seen success purely on the basis of their scatological names.\n“Meme” investing -- the idea that something is worth investing in, or rather gambling on, simply because it is funny -- has become commonplace. It’s a totally nihilistic parody of actual investing. This is it guys, the biggest U.S. fantasy trip of all time.\nIn January, you wrote “all bubbles end with near universal acceptance that the current one will not end yet.” This reason this time is the belief that interest rates will be kept near zero forever. But members of the Fed are penciling in a couple of rate hikes by the end of 2023. What would you do now if you were the Fed chair?\nGRANTHAM: All four chairmen post-Volcker have underestimated the potential economic damage from inflated asset prices, particularly housing, deflating rapidly. The role of higher asset prices on increasing inequality also hasn’t been considered. Asset bubbles are extremely dangerous.\nAs Fed chair, I would have moved to curtail U.S. stocks in 1998-1999 and housing in 2005-2007. Similarly, today I would act to deflate all asset prices as carefully as I could, knowing that an earlier decline, however painful, would be smaller and less dangerous than waiting -- the analogy of jumping off an accelerating bus seems a suitably painful one.\nThis current event is particularly dangerous because bonds, stocks and real estate are all inflated together. Even commodities have surged. That perfecta and a half has never happened before, anywhere. The closest was Japan in 1989 with two hyper-inflated asset categories: record land and real estate, worse than the South Sea bubble, together with record P/E’s in stocks recorded at the time as 65x. The consequences for the economy were dire, and neither land nor stocks have yet returned to their 1989 peaks!\nThe pain from loss of perceived value will only get more intense as prices rise from here. In short, the Fed since Volcker has been pretty clueless and remains so. What has been more remarkable, though, is the persistent confidence shown toward all of these four Fed bosses despite the demonstrable ineptness in dealing with asset bubbles.\nYou’ve made it clear timing the end of a bubble is challenging. But you’ve also pointed to this one bursting in “late spring or early summer” -- in other words, right now. Are we still on the cusp of a crash? What can we expect the fall to look like? And if the market should drop, how do you decide when to buy back in?\nChecking all the necessary boxes of a speculative peak, the U.S. market was entitled historically to start unraveling any time after January this year. One odd characteristic of the three biggest bubbles in the U.S. -- 1929, 1972 and 2000 -- is that the very end was preceded byblue chips outperforming more aggressive, higher beta stocks. In 2000, for five months from March, tech-related stocks crashed by 50% as the S&P 500 was unchanged, and the balance of the market was up over 15%. In 1972, before the biggest bear market since the Depression, the S&P outperformed the average stock by 35%. And in 1929, the effect was even more extreme, with the racy S&P low-priced index down nearly 30% before the broad market crashed.\nToday, the Nasdaq and Russell 2000 are below the level of Feb. 9 four and a half months later, and many of the leading growth stocks are down. (Tesla has fallen from $900 to $625.) The SPAC ETF is down 25% since February. Meanwhile, the S&P has chugged higher by 8% since Feb. 9.\nProbably the asset that most resembles the Nasdaq in 2000 is Bitcoin, and it has been cut in half over the last several weeks. In 2000, the Nasdaq crashing 50% was a perfect warning shot for the broad market six months in advance.\n\nI willadmit, though, that the extent and speed of the new stimulus program was surprising and was guaranteed to help a bubble keep going. Equally surprising was the success of the vaccination program in much of the developed world. Together, they should make the bubble longer-lived and bigger.\nWhat it will not do, though, is change the justifiable market value that will be reached one day. Therefore, as always, the higher we go the longer and deeper the pain. Getting back in is technically easy but psychologically difficult: Start to average in as the market reaches more reasonable levels, say 18x earnings.\nAUTHERS: To illustrate the point Jeremy made, the difference in behavior between the Nasdaq 100 and S&P 500 in 2000 was dramatic. (And there were plenty of far more stratospheric pure dot-com companies outside the Nasdaq 100 that peaked at the same time.) The S&P still carried on horizontally for two or three months before nose-diving, much as it has moved horizontally for the past two months.\n\nHow similar do things look now? It’s always a problem putting Bitcoin on a chart with anything else, because its performance is so remarkable. But yes, there is something rather similar about how the cryptocurrency has dived while the S&P moves sideways.\n\nNote that there was already an uncomfortable similarity even before the Bitcoin price dropped below $30,000 this morning.\nOne more analogy with how the most exciting speculative assets of this era seem already to have peaked: The SPAC (special purpose acquisition company) boom topped in February. So did the spectacularly successfulARK Innovation ETFrun by Cathie Wood, which is full of exciting plays on future technology investments. These are arguably better comparisons to the dot-com era, when companies went public without ever having generated earnings or even sales, and when there was great excitement about new technology. That excitement has proved to be justified two decades later, but it didn’t stop a lot of people from losing money in 2000.\n\nTo continue on the issue of timing the stock market, it seems to me that timing the bond market could be critical. For years, the standard point made by equity bulls has been that even if share prices look historically expensive, bonds appear even more extreme, Can we see a true unwinding of the stock-market bubble without first witnessing an unwinding of the bond bubble?\nOn that issue, one reader reminded me of a passage from Jeremy’s 2017 letter for GMO, which brought attention to the fact that profit margins and the multiple that people were prepared to accept moved higher in the mid-1990s. Here are the charts:\n\nSource: GMO\n\nSource: GMO\nThere are of course a lot of arguments about what caused this. Perhaps the most popular explanation is that the Federal Reserve under Alan Greenspan lost the plot and started propping up the stock market, deliberately or otherwise. It was very low rates that enabled higher multiples and higher profit margins. But, of course, we have even lower real rates today.\nThis was what Jeremy said four years ago:\n\n “The single largest input to higher margins, though, is likely to be the existence of much lower real interest rates since 1997 combined with higher leverage. Pre-1997 real rates averaged 200 bps higher than now and leverage was 25% lower. At the old average rate and leverage, profit margins on the S&P 500 would drop back 80% of the way to their previous much lower pre-1997 average, leaving them a mere 6% higher. (Turning up the rate dial just another 0.5% with a further modest reduction in leverage would push them to complete the round trip back to the old normal.)”\n\n\n “So, to summarize, stock prices are held up by abnormal profit margins, which in turn are produced mainly by lower real rates, the benefits of which are not competed away because of increased monopoly power, etc. What, we might ask, will it take to break this chain? Any answer, I think, must start with an increase in real rates.”\n\nThe issue now is that real rates are historically low and could easily rise and trigger a rush for the exits. We also have more leverage and more monopoly concentration than we did four years ago.\n\nOn Jeremy’s argument from 2017, real rates might not even need to go positive to burst the bubble in stocks. To what extent do low rates keep the bubble inflated? And how much of a “tantrum” in real yields would be needed to bring down the stock market?\nGRANTHAM: Even if we stay in the recent, post-2000 low-interest-rate regime, a full scale psychological bubble can still burst as they did in 2000 and 2007 (including housing). Although, to be sure, they fell to higher lows than before and recovered much faster.\nStill, an 82% decline in the Nasdaq by 2003 was no picnic. In the longer run, a low interest-rate regime promotes lower average yields (and higher average prices) across all assets globally. However, I strongly suspect that there will be a slow irregular return to both higher average inflation and higher average real rates in the next few years, even if they only close half the difference or so with the pre-2000 good old days. Reasons could include resource limitations, energy transition and profound changes in the population mix -- with more retirees and fewer young workers throughout the developed world and China, which collectively could promote both inflation and higher rates.\nThere is still so much cash in the system from fiscal stimulus to the Fed as buyer of last resort. Several clients have asked whether it’s fair for stock bulls to fall back on this dynamic as a reason for there to be room to run. In short, is the liquidity argument valid?\nGRANTHAM: First, let me make it clear that I am not an expert on money or liquidity. However, although the rate of increase in M2, for example, is extremely high, the growth rate has declined in recent weeks precipitously, about as fast as ever recorded from roughly 18% year over year to 12%.\nJust as bull markets turn down when confidence is high but less than yesterday, so the second derivative determines the effect of liquidity. The best analogy is the fun ping-pong ball supported in the air by a stream of water. The water pressure is still very high and the ball is high, but the ball has dropped an inch or two.\nMoving to asset allocation, which several of our readers have asked about, is the traditional 60/40 portfolio still the ideal strategy? And what do you think about alternative hedges like mega-cap tech stocks or even Bitcoin as a piece of a portfolio?\nGRANTHAM: Asset allocation is particularly difficult today, with all major asset classes overpriced. With interest rates at a 4,000 year-low (see Jim Grant), 60-40 seems particularly dangerous. Two sectors are at historical low ratios however: Emerging-market equities compared the S&P and value stocksvs. growth.\nIn addition to a cash reserve to take advantage of a future market break, I would recommend as large a position in the intersection of these two relatively cheap sectors -- value stocks and emerging market equities -- as you can stand. I am confident they will return a decent 10%-20% a year and perhaps much better.\n\nThe S&P is likely to do poorly in comparison. Bitcoin should be avoided. Cryptocurrencies total over $1 trillion of claims on real global assets while adding nothing to the GDP pool --pure dilution.\nOur family environmental foundation is making a big play (75%!) in early-stage VC, including green VC. VC seems to be by far the most dynamic part of a generally fat, happy and conservative U.S. capitalism. The star players today -- the FANG types -- have all fairly recently sprung out of the VC industry, which is the U.S.’s last, best example of real exceptionalism. However, history suggests they will not be spared in a major market break and indeed may already be showing some relative weakness.\nAUTHERS: On emerging-markets’ value, it’s worth pointing out that it’s not as “out there” or merely theoretical as a lot of detractors suggest. It gives an extremely bumpy ride, of course, but over the last 20 years the MSCI EM Value index has handily beaten the S&P 500 in total-return terms.\n\nAdd to this the fact that it starts compellingly cheap now and it has very real appeal -- for those with strong constitutions who are prepared to wait.\nReading Jeremy’s response, I think it might also be important to point out that cash isn’t just there as a lead weight in a portfolio. It obviously gives you no kind of decent return at present, but it does have value in its optionality. The idea of carrying cash now is not to stay in it for 20 years at the same weighting, but to give yourself the opportunity to buy more conventional growth assets once they are at a reasonable price. So I suppose this is a caution against the notion of doing all your timing via automatic rebalancing -- you have to be ready to jump in to take opportunities.\nYou received the CBE (Commander of the Most Excellent Order of the British Empire) from Prince William in 2016 for your work on climate change, which is now a popular investing theme. How does an average investor pursue green investing when some people believe a “green bubble” is emerging? Examples include price surges on electric-vehicle makers or ESG ETFs.\nGRANTHAM: Well, what do you know? GMO has an excellent climate change fund that tries hard to avoid the crazy parts. Yes, there are some bubbly stuff in the green/ESG area, as there is everywhere. But the wind of government support and corporate recognition is behind greening the economy. So lithium and copper, for example, may be at temporary highs. But in the long term, they are very scarce resources critical to decarbonizing, and their prices will go much higher.\nSimilarly, EVs may get ahead of themselves and suffer -- Amazon was down 92% by 2002. But some will go very much higher. (The closer you can get to very early stage VC, the more you avoid the bubble, although sadly not entirely. Recycling the limited resources above, for example, may be one of the great opportunities that exist.)\nTalking about bubbles and timing them, is there validity to Goetzmann’s ideas? As bubbles are hard to identify and time, should we just opt for systematic rebalancing, which at least ensures you sell sell high and buy low to some extent?\nAUTHERS: There is a contrarian literature suggesting that there is no such thing as a bubble that we can spot in real time before it bursts. To quote Yale University’s Will Goetzmann, in a 2015 paper called “Bubble Investing: Learning from History”, a bubble is a boom that goes bad, “but not all booms are bad.”\nI’d like to put Goetzmann’s ideas to Jeremy. He defined a bubble as an index that doubles in price in a year or (a softer version) in three years, and looked at national indexes going back a century. His figures, which I quoted here, found 72 cases of a market doubling in a year. In the following year, six doubled again, and three halved, giving back all their gains: Argentina in 1977, Austria in 1924 and Poland in 1994.\nFor doubling in three years, he found 460 examples. In the following five years, 10.4% of them halved. The possibility of halving in any three-year period, regardless of what had come before, was lower than this but not dramatically so: 6%. Crashes where bubbles as he defined them burst and gave up all their gains were rarer than booms where the index went on to double again.\nGRANTHAM: Our main study of bubbles eventually covered 330 examples including commodities. To do this on a consistent basis, we defined a bubble on price series only as a two-sigma event, the kind that would occur randomly every 44 years. (In our data its every 35 years -- pretty close.)\nUsing only price trend and using only outliers seemed, then and now, better than using arbitrary price changes, which can double or triple from extreme lows, like 1931 or 1982, and mean nothing. Yes, we found a few paradigm shifts -- almost all small, such as moving from developing status to developed. None, other than oil in the first OPEC crisis, were significant. All the other major bubbles returned to trend eventually.\nFor the great bubbles by scale and significance, we also noticed that they all accelerated late in the game and had psychological measures that could not be missed by ordinary investors. (Economists are a different matter.) The data, like today, is always clear, just uncommercial and inconvenient for the investment industry and often psychologically impossible to see for many individuals.","news_type":1},"isVote":1,"tweetType":1,"viewCount":137,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3573276404004652","authorId":"3573276404004652","name":"Ak91","avatar":"https://static.tigerbbs.com/0578c6f4e6345562f2d636b87cc2b9fd","crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3573276404004652","idStr":"3573276404004652"},"content":"Comment back pls","text":"Comment back pls","html":"Comment back pls"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":116070420,"gmtCreate":1622767809860,"gmtModify":1704190730744,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571546243427161","idStr":"3571546243427161"},"themes":[],"htmlText":"Pls like and comments","listText":"Pls like and comments","text":"Pls like and comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":6,"repostSize":0,"link":"https://ttm.financial/post/116070420","repostId":"1128349956","repostType":4,"repost":{"id":"1128349956","pubTimestamp":1622767522,"share":"https://ttm.financial/m/news/1128349956?lang=&edition=fundamental","pubTime":"2021-06-04 08:45","market":"us","language":"en","title":"Jack Ma's Ant Group gets nod to operate consumer finance firm, a key step in fixing regulatory issues","url":"https://stock-news.laohu8.com/highlight/detail?id=1128349956","media":"CNBC","summary":"KEY POINTS\n\nChina has approved Ant Group to operate a consumer finance company.\nAnt will hold a 50% ","content":"<div>\n<p>KEY POINTS\n\nChina has approved Ant Group to operate a consumer finance company.\nAnt will hold a 50% stake in the new entity.\nThe creation and operation of a consumer finance company is a big first ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/03/china-approves-jack-mas-ant-group-to-operate-consumer-finance-firm.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Jack Ma's Ant Group gets nod to operate consumer finance firm, a key step in fixing regulatory issues</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\">\nJack Ma's Ant Group gets nod to operate consumer finance firm, a key step in fixing regulatory issues\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-04 08:45 GMT+8 <a href=https://www.cnbc.com/2021/06/03/china-approves-jack-mas-ant-group-to-operate-consumer-finance-firm.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nChina has approved Ant Group to operate a consumer finance company.\nAnt will hold a 50% stake in the new entity.\nThe creation and operation of a consumer finance company is a big first ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/03/china-approves-jack-mas-ant-group-to-operate-consumer-finance-firm.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"09988":"阿里巴巴-W","06688":"蚂蚁集团","BABA":"阿里巴巴"},"source_url":"https://www.cnbc.com/2021/06/03/china-approves-jack-mas-ant-group-to-operate-consumer-finance-firm.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1128349956","content_text":"KEY POINTS\n\nChina has approved Ant Group to operate a consumer finance company.\nAnt will hold a 50% stake in the new entity.\nThe creation and operation of a consumer finance company is a big first step for Ant Group to resolve its regulatory issues.\n\nGUANGZHOU, China — China has given its approval to Ant Group to operate a consumer finance company, a key positive step in the forced restructuring of its business just months after regulators slammed the brakes on its record-breaking listing.\nAnt will hold a 50% stake in the new entity and contribute 4 billion Chinese yuan ($625.93 million) in registered capital, the China Banking and Insurance Regulatory Commission said on Thursday.\nAnother six shareholders will contribute 4 billion yuan and hold the remaining 50%. The company will be registered in the southwestern city of Chongqing with a total registered capital of 8 billion yuan.\nThe business will be able to give out personal loans and issue bonds among other things. The consumer finance company will also house Ant's credit businesses Huabei and Jiebei. These arecritical for the company and previously big drivers of revenue.\nIn November, Ant Group, which is controlled by billionaire Jack Ma, was set to carry out a record-breaking $34.5 billion initial public offering in Shanghai and Hong Kong.But Chinese authorities pulled the plug on the listing two daysbefore it was supposed to happen, citing regulatory concerns.\nThe People's Bank of China ordered Ant Group to come up with arectification plan in Decemberandapproved a series of steps in April. One of those includes Ant Group becoming a financial holding company, which could mean the company becomes regulated more like a bank.\nWhile that has not yet happened, the creation and operation of a consumer finance company is a big first step for Ant Group to resolve its regulatory issues.\n\"Under the guidance of regulators, Ant will work with other shareholders of Chongqing Ant Consumer Finance Co., Ltd. to serve the needs of consumers, and to continue enhancing the quality of financial services and risk management capabilities,\" a spokesperson for Ant Group said Thursday.\nBefore the suspension of the IPO, Chinese regulators were becoming concerned about technology companies offering bank-like services such as lending and the impact on financial stability.\nAnt Group offers loans which are independently underwritten by the company's partner financial institutions, which includes around 100 banks. In the six month ended of June 30, 2020, this accounted for around 39% of its revenues, the largest portion. The loans were previously offered via the Huabei and Jiebei products.\nNow Ant will be required to clearly label which financial institution is giving the loan, an unnamed CBRIC official told the 21st Century Business Herald publication. Any loans via the Huabei and Jiebei brand will need to be partly underwritten by Ant's consumer finance company, the report said. A person with knowledge of the matter, who preferred to remain anonymous, confirmed to CNBC that the details in the report were correct.\nThe scrutiny on Ant kicked off a regulatory assault on Ma's empire which included a$2.8 billion fine in an anti-monopolyinvestigation of e-commerce giantAlibaba.","news_type":1},"isVote":1,"tweetType":1,"viewCount":125,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3574921814752173","authorId":"3574921814752173","name":"loti","avatar":"https://static.tigerbbs.com/8cca1ef20b63a0869e29787e48188b21","crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3574921814752173","idStr":"3574921814752173"},"content":"done. pls comment too","text":"done. pls comment too","html":"done. pls comment too"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":134489453,"gmtCreate":1622253717172,"gmtModify":1704182279682,"author":{"id":"3571546243427161","authorId":"3571546243427161","name":"JaydenSee","avatar":"https://static.tigerbbs.com/f81b1d1b9ef76e9028b0f68e5a5d3553","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3571546243427161","idStr":"3571546243427161"},"themes":[],"htmlText":"Pls like and comments","listText":"Pls like and comments","text":"Pls like and comments","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/134489453","repostId":"1188611521","repostType":4,"isVote":1,"tweetType":1,"viewCount":60,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3575443999456708","authorId":"3575443999456708","name":"ponyinvestor","avatar":"https://static.tigerbbs.com/138d1ebc8820019726a687f0ffe45994","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3575443999456708","idStr":"3575443999456708"},"content":"Leave comment on my main post pls","text":"Leave comment on my main post pls","html":"Leave comment on my main post pls"}],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}