cheong6265 personal page - To The Moon

cheong6265

cheong6265

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2023-10-18

Goog.tsla.baba.apple

2022-06-27

Okokok

2022-06-23

Ookkookk

2022-06-22

Ookkookk

2022-06-21

Ookkookk

2022-06-17

Oopppp

2021-09-11

Gg

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2021-09-10

Gg

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2021-09-06

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2021-09-05

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Reminder: US stocks will be closed on September 6th due to Labor Day.

2021-09-02

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Foreign media: Apple plans to launch the "Apple Car" in 2024.

2021-08-31

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Pre-market: US stock futures both fell, while popular Chinese concept stocks generally rose.

2021-08-31

Gg//@cheong6265: Gg

Powell has reassured the market again, but can the US stock market rest easy?

2021-08-31

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Powell has reassured the market again, but can the US stock market rest easy?

2021-08-30

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[One Chart to Understand] Q2 Performance Comparison of Nio, Li Auto, and XPeng Motor Company

2021-08-29

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Last night and this morning: Powell's dovish Taper signals support a rebound in US stocks.

2021-08-27

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ZTE's revenue of 53.07 billion yuan and net profit of 4.008 billion yuan in the first half of the year

2021-08-24

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Huazhu Group's revenue in the second quarter was 3.6 billion yuan, an increase of 83.7% year-on-year.

2021-08-20

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T-Mobile claims hackers obtained data from another 5.3 million users.

2021-08-19

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Will the US stock market really fall if the Federal Reserve "tightens monetary policy"? How much did it fall?

Go to Tiger App to see more news

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16:52","market":"hk","language":"zh","title":"Reminder: US stocks will be closed on September 6th due to Labor Day.","url":"https://stock-news.laohu8.com/highlight/detail?id=1152020609","media":"老虎资讯综合","summary":"9月6日（下周一），美国股市因劳工节休市一天，9月7日（下周二）起恢复交易。\n港股、A股、英股、澳股、新加坡股市照常交易。\n背景简介：\n九月的第一个星期一是美国的劳工节（Labor Day），在189","content":"<p>The U.S. stock market will be closed for Labor Day on September 6 (next Monday) and will resume trading on September 7 (next Tuesday).</p><p>Trading in Hong Kong, A-shares, UK, Macau, and Singapore stock markets will continue as usual.</p><p><b>Background Introduction:</b></p><p>The first Monday in September is Labor Day in the United States, which was established as the national holiday of the United States in 1894.</p><p>On this day, people across the United States generally hold various celebrations such as*and rallies to show respect for workers. In some states, people hold picnics after*, with lively eating, drinking, singing, and dancing. As night falls, fireworks are set off in some places.</p><p><img src=\"https://static.tigerbbs.com/6a3b13247eca5b02ef7724259aead09e\" tg-width=\"800\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: US stocks will be closed on September 6th due to Labor Day.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReminder: US stocks will be closed on September 6th due to Labor Day.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-09-02 16:52</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The U.S. stock market will be closed for Labor Day on September 6 (next Monday) and will resume trading on September 7 (next Tuesday).</p><p>Trading in Hong Kong, A-shares, UK, Macau, and Singapore stock markets will continue as usual.</p><p><b>Background Introduction:</b></p><p>The first Monday in September is Labor Day in the United States, which was established as the national holiday of the United States in 1894.</p><p>On this day, people across the United States generally hold various celebrations such as*and rallies to show respect for workers. In some states, people hold picnics after*, with lively eating, drinking, singing, and dancing. As night falls, fireworks are set off in some places.</p><p><img src=\"https://static.tigerbbs.com/6a3b13247eca5b02ef7724259aead09e\" tg-width=\"800\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6a3b13247eca5b02ef7724259aead09e","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152020609","content_text":"9月6日（下周一），美国股市因劳工节休市一天，9月7日（下周二）起恢复交易。\n港股、A股、英股、澳股、新加坡股市照常交易。\n背景简介：\n九月的第一个星期一是美国的劳工节（Labor Day），在1894年被确立为美国的国家节日，即美国的劳动节。\n这一天，全美各地民众一般都会举行游行、集会等各种庆祝活动，以示对劳工的尊重。在一些州，人们在游行之后还要举办野餐会，热闹地吃喝、唱歌、跳舞。入夜，有的地方还会放焰火。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":5429,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812622859,"gmtCreate":1630585397971,"gmtModify":1676530347306,"author":{"id":"3572776965259682","authorId":"3572776965259682","name":"cheong6265","avatar":"https://static.tigerbbs.com/ca7e234da6cd2aa2bcbbd0ccbb67927e","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3572776965259682","idStr":"3572776965259682"},"themes":[],"title":"","htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/812622859","repostId":"1138015825","repostType":4,"repost":{"id":"1138015825","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1630581909,"share":"https://ttm.financial/m/news/1138015825?lang=en_US&edition=fundamental","pubTime":"2021-09-02 19:25","market":"us","language":"zh","title":"Foreign media: Apple plans to launch the \"Apple Car\" in 2024.","url":"https://stock-news.laohu8.com/highlight/detail?id=1138015825","media":"老虎资讯综合","summary":"目前正在访问韩国和日本的汽车制造商。也和中国的锂电池供应商进行了会谈。","content":"<p>According to Apple Insider:<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Apple plans to launch an \"Apple car\" in 2024 and is currently visiting automakers in South Korea and Japan.</p><p>According to 21st Century Business Herald, Apple has contacted several South Korean electric vehicle component manufacturers regarding its car project, including LG, SK Group, and others.<a href=\"https://laohu8.com/S/HYUD.UK\">Hyundai Motor</a>Hanwha Group, etc. In addition, Apple also held talks with Chinese lithium battery suppliers, including<a href=\"https://laohu8.com/S/002594\">BYD</a>and<a href=\"https://laohu8.com/S/300750\">CATL</a>。</p><p>Apple's stock price hit a record high during trading yesterday, rising 0.57% in pre-market trading as of press time.</p><p><img src=\"https://static.tigerbbs.com/3850b0a2a93a7f23cf93ae906f2d9dc4\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Foreign media: Apple plans to launch the \"Apple Car\" in 2024.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nForeign media: Apple plans to launch the \"Apple Car\" in 2024.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-09-02 19:25</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>According to Apple Insider:<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Apple plans to launch an \"Apple car\" in 2024 and is currently visiting automakers in South Korea and Japan.</p><p>According to 21st Century Business Herald, Apple has contacted several South Korean electric vehicle component manufacturers regarding its car project, including LG, SK Group, and others.<a href=\"https://laohu8.com/S/HYUD.UK\">Hyundai Motor</a>Hanwha Group, etc. In addition, Apple also held talks with Chinese lithium battery suppliers, including<a href=\"https://laohu8.com/S/002594\">BYD</a>and<a href=\"https://laohu8.com/S/300750\">CATL</a>。</p><p>Apple's stock price hit a record high during trading yesterday, rising 0.57% in pre-market trading as of press time.</p><p><img src=\"https://static.tigerbbs.com/3850b0a2a93a7f23cf93ae906f2d9dc4\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0e9c6038c922a501076310ac125cdbb5","relate_stocks":{"AAPL":"苹果"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138015825","content_text":"据Apple Insider：苹果计划在2024年推出“苹果汽车”，目前正在访问韩国和日本的汽车制造商。\n另据21财经报道，苹果就汽车项目与多家韩国电动汽车零部件制造商进行了接触，其中包括LG、SK集团、现代汽车、韩华集团等。此外，苹果也和中国的锂电池供应商进行了会谈，其中包括比亚迪和宁德时代。\n苹果股价昨日盘中创历史新高，截至发稿，盘前涨幅0.57%。","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2104,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818229312,"gmtCreate":1630415170436,"gmtModify":1676530296752,"author":{"id":"3572776965259682","authorId":"3572776965259682","name":"cheong6265","avatar":"https://static.tigerbbs.com/ca7e234da6cd2aa2bcbbd0ccbb67927e","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3572776965259682","idStr":"3572776965259682"},"themes":[],"title":"","htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/818229312","repostId":"1117364115","repostType":4,"repost":{"id":"1117364115","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1630411370,"share":"https://ttm.financial/m/news/1117364115?lang=en_US&edition=fundamental","pubTime":"2021-08-31 20:02","market":"us","language":"zh","title":"Pre-market: US stock futures both fell, while popular Chinese concept stocks generally rose.","url":"https://stock-news.laohu8.com/highlight/detail?id=1117364115","media":"老虎资讯综合","summary":"市场注意力转向周五的非农就业报告。","content":"<p>On Tuesday, August 31, futures for the three major U.S. stock indexes collectively fell slightly. Currently, market attention is turning to Friday's non-farm payrolls report, especially as the Federal Reserve places great emphasis on the performance of the labor market recovery when deciding whether to begin tapering quantitative easing.</p><p><img src=\"https://static.tigerbbs.com/c30a282814b4e367634a861d276343cf\" tg-width=\"697\" tg-height=\"280\" referrerpolicy=\"no-referrer\"></p><p>【<b>[Chinese concept stocks]</b></p><p><a href=\"https://laohu8.com/S/TME\">Tencent Music</a>It rose 2% in pre-market trading.<a href=\"https://laohu8.com/S/00700\">Tencent</a>Today's announcement states that the exclusive licensing rights for music copyrights will be waived.</p><p>The first listed online audio company<a href=\"https://laohu8.com/S/LIZI\">lychee</a>It rose 5.87% in pre-market trading. In the second quarter, lychee revenue increased by 59% year-on-year to RMB 559 million, exceeding market expectations of RMB 490 million and achieving the largest increase since its listing.</p><p><a href=\"https://laohu8.com/S/NTES\">NetEase</a>It rose 2.66% in pre-market trading. In the second quarter, NetEase's net revenue was RMB 20.5 billion, an increase of 13% year-on-year; In the second quarter, NetEase's net revenue from online game services was RMB 14.5 billion, an increase of 5% year-on-year.</p><p><a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>It rose 0.44% in pre-market trading. XPeng Motor Company announced today that its total revenue for the first half of the year was RMB 6.712 billion, a year-on-year increase of 569.3%. The company reported a net loss of RMB 1.981 billion in the first half of the year, compared to a loss of RMB 2.076 billion in the same period last year.</p><p>Most popular Chinese concept stocks rose in pre-market trading, as of press time.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Up 3.37%<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Up 2.87%<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>It rose 2.61%.</p><p><a href=\"https://laohu8.com/S/OCFT\">OneConnect Financial Technology</a>It fell 3% in pre-market trading, after previously falling more than 10%. Recently, an anonymous whistleblower letter pointed out that OneConnect Financial Technology, a US-listed company under Ping An Group, has a series of problems, including financial fraud and concealment of regulations. In response, Ping An OneConnect stated that the relevant false rumors have seriously damaged the business reputation of the company and related institutions and constitute malicious fabrication and defamation. OneConnect Financial Technology has reported the case to the police immediately.</p><p>【<b>Important US Stocks</b></p><p><a href=\"https://laohu8.com/S/ZM\">Zoom</a>The stock plunged more than 13% in pre-market trading as the pandemic dividends diminished.<a href=\"https://laohu8.com/S/ZM\">Zoom</a>Growth slowed significantly in the second quarter.</p><p><a href=\"https://laohu8.com/S/GSAT\">Global Star</a>The stock fell more than 13% in pre-market trading, but the company surged more than 64% yesterday.<a href=\"https://laohu8.com/S/601162\">TF Securities</a>In a recent report, analyst Ming-Chi Kuo stated that Apple is \"optimistic about the trend of satellite communications\" and may include satellite communications in the upcoming new iPhone. Ming-Chi Kuo stated that Global Star is most likely to collaborate with Apple.</p><p><a href=\"https://laohu8.com/S/JNJ\">Johnson and Johnson</a>The stock fell 0.28% in pre-market trading after the company announced that its HIV vaccine trial program in Africa had been terminated due to lack of effectiveness.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a>It fell 0.28% in pre-market trading.<a href=\"https://laohu8.com/S/GOOG\">Google</a>It rose 0.06% in pre-market trading. The South Korean National Assembly has passed amendments to the Telecommunications Commerce Act, which will prevent Apple and Google from unfairly using their positions to \"force mobile content providers and others to use specific payment methods.\" This will also be the first time the government has taken substantial legislative measures to regulate and control Apple and Google's app distribution platforms.</p><p>Some blockchain concept stocks in the US stock market declined in pre-market trading.<a href=\"https://laohu8.com/S/NCTY\">Ninth City</a>It fell 0.32%.<a href=\"https://laohu8.com/S/RIOT\">Riot Blockchain</a>It fell 0.4%.<a href=\"https://laohu8.com/S/MSTR\">Micro Strategy</a>It fell 0.57%. According to foreign media citing an anonymous government official, the Biden administration is urging Democrats to include more tax compliance rules for cryptocurrency transactions in their upcoming $3.5 trillion budget plan. The U.S. government hopes to increase the number of cryptocurrency companies (trading platforms) reporting data on non-U.S. users in exchange for data on U.S. taxpayers trading digital currencies in other countries, ensuring that crypto asset holders pay taxes promptly.</p><p>【<b>Commodities]</b></p><p>International oil prices fell. Signs indicate that Hurricane Ida has not affected crude oil production in the Gulf of Mexico for long. Meanwhile, despite the slow pace of refinery capacity recovery, gasoline prices remained stable.</p><p>As of press time, WTI crude oil futures were trading at $68.61 per barrel, down 0.87%. Brent crude oil futures were trading at $71.65 a barrel, down 0.80%.</p><p><img src=\"https://static.tigerbbs.com/80f5cc0a24c19eb6d391163565adab8b\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>International gold prices rose slightly. The United States was hit by a combination of hurricanes and the pandemic, which supported market risk aversion. In addition, Federal Reserve Chairman Powell's dovish tone was also a factor supporting gold prices.</p><p>As of press time, gold futures in the New York market were trading at $1,815.45 per ounce, up 0.18%.</p><p><img src=\"https://static.tigerbbs.com/19d0b622dc55d91d9253f27498c9aa7a\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-market: US stock futures both fell, while popular Chinese concept stocks generally rose.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-market: US stock futures both fell, while popular Chinese concept stocks generally rose.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-08-31 20:02</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On Tuesday, August 31, futures for the three major U.S. stock indexes collectively fell slightly. Currently, market attention is turning to Friday's non-farm payrolls report, especially as the Federal Reserve places great emphasis on the performance of the labor market recovery when deciding whether to begin tapering quantitative easing.</p><p><img src=\"https://static.tigerbbs.com/c30a282814b4e367634a861d276343cf\" tg-width=\"697\" tg-height=\"280\" referrerpolicy=\"no-referrer\"></p><p>【<b>[Chinese concept stocks]</b></p><p><a href=\"https://laohu8.com/S/TME\">Tencent Music</a>It rose 2% in pre-market trading.<a href=\"https://laohu8.com/S/00700\">Tencent</a>Today's announcement states that the exclusive licensing rights for music copyrights will be waived.</p><p>The first listed online audio company<a href=\"https://laohu8.com/S/LIZI\">lychee</a>It rose 5.87% in pre-market trading. In the second quarter, lychee revenue increased by 59% year-on-year to RMB 559 million, exceeding market expectations of RMB 490 million and achieving the largest increase since its listing.</p><p><a href=\"https://laohu8.com/S/NTES\">NetEase</a>It rose 2.66% in pre-market trading. In the second quarter, NetEase's net revenue was RMB 20.5 billion, an increase of 13% year-on-year; In the second quarter, NetEase's net revenue from online game services was RMB 14.5 billion, an increase of 5% year-on-year.</p><p><a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>It rose 0.44% in pre-market trading. XPeng Motor Company announced today that its total revenue for the first half of the year was RMB 6.712 billion, a year-on-year increase of 569.3%. The company reported a net loss of RMB 1.981 billion in the first half of the year, compared to a loss of RMB 2.076 billion in the same period last year.</p><p>Most popular Chinese concept stocks rose in pre-market trading, as of press time.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Up 3.37%<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Up 2.87%<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>It rose 2.61%.</p><p><a href=\"https://laohu8.com/S/OCFT\">OneConnect Financial Technology</a>It fell 3% in pre-market trading, after previously falling more than 10%. Recently, an anonymous whistleblower letter pointed out that OneConnect Financial Technology, a US-listed company under Ping An Group, has a series of problems, including financial fraud and concealment of regulations. In response, Ping An OneConnect stated that the relevant false rumors have seriously damaged the business reputation of the company and related institutions and constitute malicious fabrication and defamation. OneConnect Financial Technology has reported the case to the police immediately.</p><p>【<b>Important US Stocks</b></p><p><a href=\"https://laohu8.com/S/ZM\">Zoom</a>The stock plunged more than 13% in pre-market trading as the pandemic dividends diminished.<a href=\"https://laohu8.com/S/ZM\">Zoom</a>Growth slowed significantly in the second quarter.</p><p><a href=\"https://laohu8.com/S/GSAT\">Global Star</a>The stock fell more than 13% in pre-market trading, but the company surged more than 64% yesterday.<a href=\"https://laohu8.com/S/601162\">TF Securities</a>In a recent report, analyst Ming-Chi Kuo stated that Apple is \"optimistic about the trend of satellite communications\" and may include satellite communications in the upcoming new iPhone. Ming-Chi Kuo stated that Global Star is most likely to collaborate with Apple.</p><p><a href=\"https://laohu8.com/S/JNJ\">Johnson and Johnson</a>The stock fell 0.28% in pre-market trading after the company announced that its HIV vaccine trial program in Africa had been terminated due to lack of effectiveness.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a>It fell 0.28% in pre-market trading.<a href=\"https://laohu8.com/S/GOOG\">Google</a>It rose 0.06% in pre-market trading. The South Korean National Assembly has passed amendments to the Telecommunications Commerce Act, which will prevent Apple and Google from unfairly using their positions to \"force mobile content providers and others to use specific payment methods.\" This will also be the first time the government has taken substantial legislative measures to regulate and control Apple and Google's app distribution platforms.</p><p>Some blockchain concept stocks in the US stock market declined in pre-market trading.<a href=\"https://laohu8.com/S/NCTY\">Ninth City</a>It fell 0.32%.<a href=\"https://laohu8.com/S/RIOT\">Riot Blockchain</a>It fell 0.4%.<a href=\"https://laohu8.com/S/MSTR\">Micro Strategy</a>It fell 0.57%. According to foreign media citing an anonymous government official, the Biden administration is urging Democrats to include more tax compliance rules for cryptocurrency transactions in their upcoming $3.5 trillion budget plan. The U.S. government hopes to increase the number of cryptocurrency companies (trading platforms) reporting data on non-U.S. users in exchange for data on U.S. taxpayers trading digital currencies in other countries, ensuring that crypto asset holders pay taxes promptly.</p><p>【<b>Commodities]</b></p><p>International oil prices fell. Signs indicate that Hurricane Ida has not affected crude oil production in the Gulf of Mexico for long. Meanwhile, despite the slow pace of refinery capacity recovery, gasoline prices remained stable.</p><p>As of press time, WTI crude oil futures were trading at $68.61 per barrel, down 0.87%. Brent crude oil futures were trading at $71.65 a barrel, down 0.80%.</p><p><img src=\"https://static.tigerbbs.com/80f5cc0a24c19eb6d391163565adab8b\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>International gold prices rose slightly. The United States was hit by a combination of hurricanes and the pandemic, which supported market risk aversion. In addition, Federal Reserve Chairman Powell's dovish tone was also a factor supporting gold prices.</p><p>As of press time, gold futures in the New York market were trading at $1,815.45 per ounce, up 0.18%.</p><p><img src=\"https://static.tigerbbs.com/19d0b622dc55d91d9253f27498c9aa7a\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ed4ee39e6b0f45214393093d70ba81a8","relate_stocks":{".DJI":"道琼斯"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117364115","content_text":"8月31日（周二），美股三大指数期货集体小幅走低。目前，市场注意力转向周五的非农就业报告，尤其是美联储在决定是否开始减码量化宽松时，非常重视劳动力市场复苏的表现。\n\n【中概股】\n腾讯音乐盘前涨2%。腾讯今日公告，放弃音乐版权独家授权权利。\n在线音频第一股荔枝盘前涨5.87%。二季度荔枝营收同比增长59%至5.59亿元人民币，超过市场预期的4.9亿元，实现上市以来的最大增幅。\n网易盘前涨2.66%。二季度，网易净收入为人民币205亿元，同比增加13%；二季度，网易在线游戏服务净收入为人民币145亿元，同比增加5%。\n小鹏汽车盘前涨0.44%。小鹏汽车今日发布公告称，该公司上半年总收入为人民币67.12亿元，同比上升569.3%；上半年净亏损为人民币19.81亿元，去年同期亏损20.76亿元。\n热门中概股盘前多数上涨，截至发稿，阿里巴巴涨3.37%，哔哩哔哩涨2.87%，拼多多涨2.61%。\n金融壹账通盘前跌3%，之前一度跌逾10%。近日市场有匿名举报信指出平安集团旗下的美股上市公司金融壹账通存在财务欺诈、隐瞒监管等一系列问题。对此，平安壹账通回应指出：相关不实谣言已严重侵害本公司及相关机构的商业声誉，属于恶意造谣、诽谤，金融壹账通已第一时间报案。\n【重要美股】\nZoom盘前大跌超13%，疫情红利消减，Zoom第二季度增长明显放缓。\n全球星盘前跌超13%，公司昨日暴涨逾64%。天风证券分析师郭明錤在最新报告中表示，苹果对于“卫星通信的趋势持乐观态度”，并可能在即将发布的新款iPhone中加入卫星通讯。郭明錤表示，全球星最有可能与苹果合作。\n强生盘前跌0.28%，早前公司宣布在非洲的艾滋病疫苗试验项目因缺乏有效性而终止。\n苹果盘前跌0.28%，谷歌盘前涨0.06%。韩国国会通过电信商业法修订案，据该法案将阻止苹果和谷歌不公平地利用其地位“迫使移动内容提供商等使用特定的支付方式”。这也将是政府首次采取实质性立法措施来监管和控制苹果和谷歌的应用程序分发平台。\n美股盘前部分区块链概念股下挫，第九城市跌0.32%，Riot Blockchain跌0.4%，Micro Strategy跌0.57%。据外媒援引一位匿名政府官员称，拜登政府敦促民主党在即将到来的 3.5 万亿美元预算方案中纳入更多加密货币交易税收合规规则，美国政府希望增加加密货币企业（交易平台）报告有关非美国用户的数据，以换取有关美国纳税人在其他国家交易数字货币的数据，确保加密资产持有者第一时间纳税。\n【大宗商品】\n国际油价下跌。迹象显示飓风艾达(Ida)没有长久影响墨西哥湾原油开采。同时，尽管炼油厂产能复苏速度缓慢，但汽油价格也维持稳定。\n截至发稿，WTI原油期货价格报68.61美元/桶，跌幅0.87%；布伦特原油期货价格报71.65美元/桶，跌幅0.80%。\n\n国际金价小幅上涨。美国遭受飓风叠加疫情的袭击，支持了市场避险情绪，此外美联储主席鲍威尔的鸽派基调也是支持金价的因素。\n截至发稿，纽约市场黄金期货价格报1815.45美元/盎司，涨幅0.18%。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818220879,"gmtCreate":1630415116791,"gmtModify":1676530296728,"author":{"id":"3572776965259682","authorId":"3572776965259682","name":"cheong6265","avatar":"https://static.tigerbbs.com/ca7e234da6cd2aa2bcbbd0ccbb67927e","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3572776965259682","idStr":"3572776965259682"},"themes":[],"title":"","htmlText":"Gg//<a href=\"https://laohu8.com/U/3572776965259682\">@cheong6265</a>: Gg","listText":"Gg//<a href=\"https://laohu8.com/U/3572776965259682\">@cheong6265</a>: Gg","text":"Gg//@cheong6265: Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/818220879","repostId":"1171411957","repostType":4,"repost":{"id":"1171411957","kind":"news","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1630387892,"share":"https://ttm.financial/m/news/1171411957?lang=en_US&edition=fundamental","pubTime":"2021-08-31 13:31","market":"us","language":"zh","title":"Powell has reassured the market again, but can the US stock market rest easy?","url":"https://stock-news.laohu8.com/highlight/detail?id=1171411957","media":"华尔街见闻","summary":"面牵动市场心弦的Jackson Hole全球央行年会终于落下帷幕，美联储主席鲍威尔的鸽派发言让投资者们暂时松了一口气，但从长期来看，政策转向是大势所趋，美股依然面临众多考验。\n在周五(8月27日)的讲","content":"<p>The highly anticipated Jackson Hole global central bank meeting has finally concluded, and Federal Reserve Chairman Jerome Powell's dovish remarks have temporarily relieved investors.<b>However, in the long run, a policy shift is an inevitable trend, and the US stock market still faces numerous challenges.</b></p><p>In his speech on Friday (August 27), Powell emphasized that rising inflation is only temporary and for the first time explicitly stated that if economic progress continues, he and most Federal Reserve officials support the possibility of tapering bond purchases this year, but that tapering QE does not directly indicate a future rate hike. In fact, the United States is far from meeting the conditions for rate hike, and \"there is still a long way to go before full employment.\"</p><p>Powell's remarks not only confirmed the widespread expectations that Taper was about to launch, but also avoided the \"downsizing panic\" of 2013. The financial markets responded positively, similar to \"finally getting a boot off the ground,\" thus eliminating some policy uncertainty.</p><p>On that day, all three major U.S. stock indexes closed higher, with spot gold rebounding by more than $10 from its daily low in the short term, not only returning to the key psychological level of $1,800 but also standing above $1,810.</p><p><img src=\"https://static.tigerbbs.com/74ac764072a021b8d553965de4e2d0fb\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p><p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Analysts pointed out that Powell's speech was in line with expectations, as he confirmed the strong job growth in recent months and the downside risks posed by the Delta variant. The bank expects the Federal Reserve to provide advance notice in September and officially announce the start of tapering its bond purchases in November.</p><p>Specifically, Goldman Sachs estimates that the Federal Reserve has a 45% chance of making a formal announcement in November, a 35% chance of making a formal announcement in December, and a 20% chance of postponing it until 2022.</p><p><b>The road to austerity in the United States has been</b></p><p>Although the risk of the \"sword of Damocles\" of tightening US monetary policy has not yet fallen, with the US economy improving, inflation rising, and employment recovering, Taper and rate hike are an inevitable trend.</p><p>Steven Bell, chief economist at BMO Global Asset Management, recently stated that the market needs to recognize one fact.<b>That is, the fire is almost extinguished, and monetary policy remains at an emergency level, making it inappropriate to continue easing monetary policy.</b></p><p>It is worth mentioning that this time, many countries have already taken the lead in austerity measures ahead of the United States. Data released by U.S. investment bank Stiff Financial Corporation shows that after reaching a cyclical high of 22% year-on-year in March, the global broad money supply (M2) denominated in U.S. dollars has fallen back to slightly above 10% by the middle of this year.</p><p><b>The Federal Reserve, standing at this sensitive juncture of policy shift, remains hesitant, and looking around, policymakers and the market face numerous uncertainties.</b></p><p><b>On the one hand, inflation in the United States remains high.</b>Data released by the U.S. National Bureau of Statistics on August 11 showed that the U.S. overall CPI rose 5.4% year-on-year in July, higher than the expected 5.3% growth and unchanged from June's 5.4% increase, which remains the highest level since 2008.</p><p><img src=\"https://static.tigerbbs.com/33c9b534228ee4e8bd63ccd14729bdca\" tg-width=\"640\" tg-height=\"372\" referrerpolicy=\"no-referrer\"></p><p>Although Powell has repeatedly emphasized that the current round of inflation is only temporary and will subside as vaccinations and the pandemic is brought under control and supply catches up with demand, some Federal Reserve officials are concerned that supply chain disruptions and demand growth may continue to push up inflation until 2022 and beyond.</p><p>Ahead of the global central bank annual meeting, Philadelphia Federal Reserve President Patrick Harker said the Fed is facing the challenge of price pressures that have not subsided. He believes that inflation will be far higher than the Federal Reserve's target, and that inflation will continue to accelerate if the Fed does not take action. \"Inflation may not be so short-lived, which is a risk I worry about.\"</p><p>This will increase pressure on the Federal Reserve to tighten monetary policy as soon as possible. Recently, Greg Jensen, co-chief investment officer of Bridgewater Associates, the world's largest hedge fund, said in his market outlook that the Federal Reserve's tapering may be greater than market expectations, and interest rates will rise faster.</p><p><b>On the other hand, the outbreak of the Delta variant has cast a shadow over the prospects for economic recovery in the United States.</b></p><p>The preliminary reading of the University of Michigan's consumer confidence index for August plummeted 11 points from the previous month to 70.2, the lowest level since December 2011. The data fell far short of market expectations.</p><p>In addition, data released by the U.S. Department of Commerce on August 17 showed that U.S. retail sales fell 1.1% month-on-month in July, significantly exceeding the market expectation of a 0.3% decrease, compared to a 0.6% increase in the previous month.</p><p><img src=\"https://static.tigerbbs.com/7ddfca5645b5555b3b4a2f85e87cc9ca\" tg-width=\"640\" tg-height=\"373\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Following the release of this data, Goldman Sachs immediately announced that it had significantly lowered its forecast for U.S. GDP growth in the third quarter from 8.5% to 5.5%, and also lowered its forecast for full-year 2021 GDP growth from 6.4% to 6%, projecting that the U.S. economy would grow by 4.5% in 2022.</p><p>Goldman Sachs warned that the impact of the Delta variant on the economy and inflation is more severe than expected:</p><p>Consumer spending and production have both been impacted. Spending on catering, travel, and other services may decline in August, but we don't expect the decline to be too large or for too long. Production remains affected by supply chain disruptions, particularly in the automotive industry, which could mean fewer inventory rebuilds in the third quarter.<b>Risks are intensifying</b></p><p>As the pandemic spreads, economic growth is expected to slow, and expectations of the Federal Reserve tightening monetary policy are rising, uncertainties and risks in the US stock market are intensifying.</p><p>Michael Hartnett, global investment strategist at Bank of America Merrill Lynch, predicts negative returns for the U.S. stock market in the second half of this year, expressing concern about the threat of stagflation from rising inflation.</p><p><a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Chief U.S. equity strategist Mike Wilson also believes that U.S. stocks are on the verge of a correction. He suggested that, given the expected pullback, investors should invest in stocks with lower volatility and predict that the S&P 500 will be around 4,000 points by the end of the year, which means there is a 10% downside potential at current levels.</p><p>Goldman Sachs warned about the volatility of US stocks.</p><p>Rocky Fishma, derivatives strategist at Goldman Sachs, predicted last week that volatility in the U.S. stock market would surge next, based on the fact that the implied volatility curve of the VIX remained upward after rising 6 points in four days, reflecting expectations that volatility would continue to rise sharply.</p><p><b>In addition, the one-year VIX index futures price has risen to 26, near the top of its second/third quarter range, well above the spot market, but below its first quarter median of 28.</b>Goldman Sachs points out that since 1940, the only instances where the S&P 500's annual real volatility has exceeded 26% were the 1987 stock market crash, the 2008 financial crisis, and the 2020 pandemic.</p><p>For investors, using diversified instruments to hedge risk is the best way to control pullback/retracement.<b>CME group’s latest small-cap stock index contract, Micro e-Mini Futures, can help investors make newer and more refined risk allocations.</b></p><p>This tool offers the advantages of more flexible and smaller-scale contract expansion. Micro e-mini contracts are only one-tenth the size of traditional e-mini contracts, requiring only low margin to enter the market and access the opportunity to trade the S&P 500, Nasdaq 100, Dow Jones Industrial Average, and Russell 2000 U.S. indices.</p><p>In addition, miniature e-mini futures can be used to add more granularity and allow for fine-tuning of the index exposure of a particular position, precisely expanding or reducing the size of the index exposure. Meanwhile, micro e-mini futures can completely replace traditional e-mini contracts, allowing for flexible position management when market conditions change and making it easier to access deep liquidity.</p><p>According to reports, since its launch in 2019, the trading volume of micro e-mini stock index contracts has exceeded 800 million contracts. Global participation remained strong, with non-US trading volume accounting for 21% before the cash opening, and participants from more than 190 countries. In the first half of 2021, the average daily trading volume exceeded 460,000 contracts outside of the United States.</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>Powell has reassured the market again, but can the US stock market rest easy?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPowell has reassured the market again, but can the US stock market rest easy?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2021-08-31 13:31</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The highly anticipated Jackson Hole global central bank meeting has finally concluded, and Federal Reserve Chairman Jerome Powell's dovish remarks have temporarily relieved investors.<b>However, in the long run, a policy shift is an inevitable trend, and the US stock market still faces numerous challenges.</b></p><p>In his speech on Friday (August 27), Powell emphasized that rising inflation is only temporary and for the first time explicitly stated that if economic progress continues, he and most Federal Reserve officials support the possibility of tapering bond purchases this year, but that tapering QE does not directly indicate a future rate hike. In fact, the United States is far from meeting the conditions for rate hike, and \"there is still a long way to go before full employment.\"</p><p>Powell's remarks not only confirmed the widespread expectations that Taper was about to launch, but also avoided the \"downsizing panic\" of 2013. The financial markets responded positively, similar to \"finally getting a boot off the ground,\" thus eliminating some policy uncertainty.</p><p>On that day, all three major U.S. stock indexes closed higher, with spot gold rebounding by more than $10 from its daily low in the short term, not only returning to the key psychological level of $1,800 but also standing above $1,810.</p><p><img src=\"https://static.tigerbbs.com/74ac764072a021b8d553965de4e2d0fb\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p><p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Analysts pointed out that Powell's speech was in line with expectations, as he confirmed the strong job growth in recent months and the downside risks posed by the Delta variant. The bank expects the Federal Reserve to provide advance notice in September and officially announce the start of tapering its bond purchases in November.</p><p>Specifically, Goldman Sachs estimates that the Federal Reserve has a 45% chance of making a formal announcement in November, a 35% chance of making a formal announcement in December, and a 20% chance of postponing it until 2022.</p><p><b>The road to austerity in the United States has been</b></p><p>Although the risk of the \"sword of Damocles\" of tightening US monetary policy has not yet fallen, with the US economy improving, inflation rising, and employment recovering, Taper and rate hike are an inevitable trend.</p><p>Steven Bell, chief economist at BMO Global Asset Management, recently stated that the market needs to recognize one fact.<b>That is, the fire is almost extinguished, and monetary policy remains at an emergency level, making it inappropriate to continue easing monetary policy.</b></p><p>It is worth mentioning that this time, many countries have already taken the lead in austerity measures ahead of the United States. Data released by U.S. investment bank Stiff Financial Corporation shows that after reaching a cyclical high of 22% year-on-year in March, the global broad money supply (M2) denominated in U.S. dollars has fallen back to slightly above 10% by the middle of this year.</p><p><b>The Federal Reserve, standing at this sensitive juncture of policy shift, remains hesitant, and looking around, policymakers and the market face numerous uncertainties.</b></p><p><b>On the one hand, inflation in the United States remains high.</b>Data released by the U.S. National Bureau of Statistics on August 11 showed that the U.S. overall CPI rose 5.4% year-on-year in July, higher than the expected 5.3% growth and unchanged from June's 5.4% increase, which remains the highest level since 2008.</p><p><img src=\"https://static.tigerbbs.com/33c9b534228ee4e8bd63ccd14729bdca\" tg-width=\"640\" tg-height=\"372\" referrerpolicy=\"no-referrer\"></p><p>Although Powell has repeatedly emphasized that the current round of inflation is only temporary and will subside as vaccinations and the pandemic is brought under control and supply catches up with demand, some Federal Reserve officials are concerned that supply chain disruptions and demand growth may continue to push up inflation until 2022 and beyond.</p><p>Ahead of the global central bank annual meeting, Philadelphia Federal Reserve President Patrick Harker said the Fed is facing the challenge of price pressures that have not subsided. He believes that inflation will be far higher than the Federal Reserve's target, and that inflation will continue to accelerate if the Fed does not take action. \"Inflation may not be so short-lived, which is a risk I worry about.\"</p><p>This will increase pressure on the Federal Reserve to tighten monetary policy as soon as possible. Recently, Greg Jensen, co-chief investment officer of Bridgewater Associates, the world's largest hedge fund, said in his market outlook that the Federal Reserve's tapering may be greater than market expectations, and interest rates will rise faster.</p><p><b>On the other hand, the outbreak of the Delta variant has cast a shadow over the prospects for economic recovery in the United States.</b></p><p>The preliminary reading of the University of Michigan's consumer confidence index for August plummeted 11 points from the previous month to 70.2, the lowest level since December 2011. The data fell far short of market expectations.</p><p>In addition, data released by the U.S. Department of Commerce on August 17 showed that U.S. retail sales fell 1.1% month-on-month in July, significantly exceeding the market expectation of a 0.3% decrease, compared to a 0.6% increase in the previous month.</p><p><img src=\"https://static.tigerbbs.com/7ddfca5645b5555b3b4a2f85e87cc9ca\" tg-width=\"640\" tg-height=\"373\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Following the release of this data, Goldman Sachs immediately announced that it had significantly lowered its forecast for U.S. GDP growth in the third quarter from 8.5% to 5.5%, and also lowered its forecast for full-year 2021 GDP growth from 6.4% to 6%, projecting that the U.S. economy would grow by 4.5% in 2022.</p><p>Goldman Sachs warned that the impact of the Delta variant on the economy and inflation is more severe than expected:</p><p>Consumer spending and production have both been impacted. Spending on catering, travel, and other services may decline in August, but we don't expect the decline to be too large or for too long. Production remains affected by supply chain disruptions, particularly in the automotive industry, which could mean fewer inventory rebuilds in the third quarter.<b>Risks are intensifying</b></p><p>As the pandemic spreads, economic growth is expected to slow, and expectations of the Federal Reserve tightening monetary policy are rising, uncertainties and risks in the US stock market are intensifying.</p><p>Michael Hartnett, global investment strategist at Bank of America Merrill Lynch, predicts negative returns for the U.S. stock market in the second half of this year, expressing concern about the threat of stagflation from rising inflation.</p><p><a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Chief U.S. equity strategist Mike Wilson also believes that U.S. stocks are on the verge of a correction. He suggested that, given the expected pullback, investors should invest in stocks with lower volatility and predict that the S&P 500 will be around 4,000 points by the end of the year, which means there is a 10% downside potential at current levels.</p><p>Goldman Sachs warned about the volatility of US stocks.</p><p>Rocky Fishma, derivatives strategist at Goldman Sachs, predicted last week that volatility in the U.S. stock market would surge next, based on the fact that the implied volatility curve of the VIX remained upward after rising 6 points in four days, reflecting expectations that volatility would continue to rise sharply.</p><p><b>In addition, the one-year VIX index futures price has risen to 26, near the top of its second/third quarter range, well above the spot market, but below its first quarter median of 28.</b>Goldman Sachs points out that since 1940, the only instances where the S&P 500's annual real volatility has exceeded 26% were the 1987 stock market crash, the 2008 financial crisis, and the 2020 pandemic.</p><p>For investors, using diversified instruments to hedge risk is the best way to control pullback/retracement.<b>CME group’s latest small-cap stock index contract, Micro e-Mini Futures, can help investors make newer and more refined risk allocations.</b></p><p>This tool offers the advantages of more flexible and smaller-scale contract expansion. Micro e-mini contracts are only one-tenth the size of traditional e-mini contracts, requiring only low margin to enter the market and access the opportunity to trade the S&P 500, Nasdaq 100, Dow Jones Industrial Average, and Russell 2000 U.S. indices.</p><p>In addition, miniature e-mini futures can be used to add more granularity and allow for fine-tuning of the index exposure of a particular position, precisely expanding or reducing the size of the index exposure. Meanwhile, micro e-mini futures can completely replace traditional e-mini contracts, allowing for flexible position management when market conditions change and making it easier to access deep liquidity.</p><p>According to reports, since its launch in 2019, the trading volume of micro e-mini stock index contracts has exceeded 800 million contracts. Global participation remained strong, with non-US trading volume accounting for 21% before the cash opening, and participants from more than 190 countries. In the first half of 2021, the average daily trading volume exceeded 460,000 contracts outside of the United States.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4f6ec6e99c0c8b9feb7f296b78c65a54","relate_stocks":{".DJI":"道琼斯","IVV":"标普500ETF-iShares","QQQ":"纳指100ETF",".IXIC":"NASDAQ Composite","OEF":"标普100指数ETF-iShares","SQQQ":"纳指三倍做空ETF","SPXU":"三倍做空标普500ETF-ProShares","PSQ":"做空纳斯达克100指数ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares","SPY":"标普500ETF","TQQQ":"纳指三倍做多ETF","QLD":"2倍做多纳斯达克100指数ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares","OEX":"标普100","SDS":"两倍做空标普500 ETF-ProShares","DJX":"1/100道琼斯","SSO":"2倍做多标普500ETF-ProShares","UPRO":"三倍做多标普500ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171411957","content_text":"面牵动市场心弦的Jackson Hole全球央行年会终于落下帷幕，美联储主席鲍威尔的鸽派发言让投资者们暂时松了一口气，但从长期来看，政策转向是大势所趋，美股依然面临众多考验。\n在周五(8月27日)的讲话中，鲍威尔着重强调了通胀走高只是暂时的，并首度明确称如果经济进展持续，他与大多数美联储官员都支持可能在今年开始缩减买债（Taper），但减码QE并不直接暗示未来的加息时间。事实上，美国远未满足加息条件，“距离充分就业还有很长的路要走”。\n鲍威尔的发言既印证了人们对Taper即将开启的广泛预期，也能避免2013年时的“缩减恐慌”。金融市场作出了类似“终于有一只靴子落地”、进而消除了一部分政策不确定性的积极反应。\n当天，美国三大股指集体收涨，现货黄金短线从日低反弹逾10美元，不仅重回1800美元关键心理整数位，还站上1810美元。\n\n高盛分析指出，鲍威尔的讲话符合预期，他确认了近几个月的强劲就业增长以及Delta变种带来的下行风险。该行预计，美联储目的是在9月给出提前通知，在11月正式宣布开始缩减购债规模。\n具体来看，高盛预计，美联储11月正式宣布的可能性为45%，12月正式宣布的可能性为35%，推迟到2022年的可能性为20%。\n美国紧缩之路坎坷\n虽然美国货币政策紧缩这把“达摩克利斯之剑”暂时没有落下的风险，但随着美国经济好转，通胀高企，就业复苏，Taper和加息是大势所趋。\nBMO Global Asset Management首席经济学家Steven Bell近日表示，市场需要认清一个事实，那就是火已经快灭了，而货币政策依然处于紧急状态的水平，继续放松货币政策是不合适的。\n值得一提的是，这一次有不少国家已经走在美国前面，开启了紧缩之路。美国投资银行斯迪富金融公司公布的数据显示，全球以美元计价的广义货币（M2）供应量同比涨幅3月达到22%的周期性高点后，在今年年中已回落至略高于10%的水平。\n而美联储站在政策转向这个敏感路口，却依然踌躇不前，放眼望去，摆在决策者和市场面前的是诸多的不确定性。\n一方面，美国通胀依然处于高位。8月11日美国国家统计局公布的数据显示，美国7月整体CPI同比增长5.4%，高于预期增长的5.3%，持平于6月5.4%的增幅，这仍然是2008年以来的最高水平。\n\n虽然鲍威尔不断强调，当前这轮通胀只是暂时的，随着疫苗接种和疫情控制，供应赶上需求后，通胀将会消退，但部分美联储官员担忧，供应链中断和需求增长可能会持续推高通胀直至2022年及以后。\n全球央行年会前，美国费城联储行长Patrick Harker表示，美联储正面临着价格压力并未消退的挑战。他认为，通胀将远高于美联储的目标，如果美联储不采取行动，通胀将继续加速，“通胀可能不是那么短暂，这是我担心的风险。”\n这将加大美联储尽快收紧货币政策的压力。近日，全球最大对冲基金桥水的联席首席投资官Greg Jensen在展望后市时表示，届时美联储减码幅度有可能比市场预期更大，利率升速也会更快。\n另一方面 ，Delta变种病毒的肆虐给美国经济复苏前景蒙上了一层阴影。\n美国8月密歇根大学消费者信心指数初值较上月骤降11点，至70.2，创2011年12月以来最低水平。数据远低于市场预期。\n另外，美国商务部8月17日公布数据显示，美国7月零售销售环比减少1.1%，大幅超过市场预期的减少0.3%，而前值为增加0.6%。\n\n这一数据公布后，高盛随即宣布将美国三季度GDP增长预期从此前的8.5%大幅下调至5.5%，同时将2021年全年GDP增长预期从此前6.4%下调至6%，预计2022年美国全年经济增长4.5%。\n高盛警告称，Delta变种病毒对经济和通胀的影响比预期更严峻：\n\n 消费者支出和生产都受到了冲击。8月份餐饮、旅游和其他服务支出可能会下降，不过我们预计下降幅度不会太大，也不会太长。生产仍然受到供应链中断的影响，尤其是在汽车行业，这可能意味着第三季度库存重建会减少。\n\n风险正在加剧\n随着疫情蔓延，经济增速预期放缓，以及美联储货币政策收紧预期升温，美股的不确定性风险正在加剧。\n美银美林全球投资策略师Michael Hartnett预计，今年下半年美国股市将出现负回报，他对通货膨胀加剧带来的滞胀威胁表示担忧。\n摩根士丹利首席美国股票策略师Mike Wilson也认为，美股正处于回调的边缘。他建议，鉴于预期中的回调，投资者应该投资波动性较低的股票，并预测年底标普500指数会处于4000点左右，这意味当前水平下有10%的下跌空间。\n高盛则对美股的波动性作出了警告。\n高盛衍生品策略官Rocky Fishma上周预计，美股市场波动接下来会飙升，依据是VIX在4天上涨6个点后隐含波动曲线仍保持上升型，反映出波动率将继续大幅上升的预期。\n此外，一年期 VIX 指数期货价格已升至 26，接近其第二季度/第三季度范围的顶部，远高于现货，但低于其第一季度中值28。高盛指出，自从1940年以来，标普500全年实际波动率超过26的情况只有1987年股灾、2008年金融危机和2020年疫情爆发。\n对于投资者来说，运用多样化工具进行风险对冲是控制回撤的最好方法。芝商所最新小规模股指合约微型E‑迷你期货能够帮投资者进行更新精细化的风险部署。\n该工具具有更灵活、更小规模的扩充合约的优势，微型E-迷你合约仅为传统E-迷你合约规模的十分之一，其只需要较低的保证金便能进入市场，以及获取交易标普500指数、纳斯达克100指数、道琼斯工业平均指数和罗素2000美国指数的机会。\n此外，微型E-迷你期货可用于增加更多粒度，并允许微调某个持仓的指数风险敞口，精确地扩大或缩小指数风险敞口规模。同时，微型E-迷你期货可完全替代传统E-迷你合约，其可在市场条件变化时灵活地管理持仓，并更容易获取深度流动性。\n据介绍，自2019年推出以来，微型E-迷你股指合约的交易量超过 8亿份合约。全球参与度依然强劲，在现金开放前的非美国时段交易量占21%，参与者来自190多个国家。2021年上半年，在非美国时间内，平均每日交易量超过46万份合同。","news_type":1,"symbols_score_info":{"PSQ":0.9,"OEF":0.9,"ESmain":0.9,"DXD":0.9,"QLD":0.9,"IVV":0.9,"OEX":0.9,"SSO":0.9,".IXIC":0.9,"UPRO":0.9,"SPY":0.9,"TQQQ":0.9,"UDOW":0.9,"QQQ":0.9,"SDS":0.9,"SDOW":0.9,"DJX":0.9,"SQQQ":0.9,".DJI":0.9,"SPXU":0.9}},"isVote":1,"tweetType":1,"viewCount":1806,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818220047,"gmtCreate":1630415106889,"gmtModify":1676530296720,"author":{"id":"3572776965259682","authorId":"3572776965259682","name":"cheong6265","avatar":"https://static.tigerbbs.com/ca7e234da6cd2aa2bcbbd0ccbb67927e","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3572776965259682","idStr":"3572776965259682"},"themes":[],"title":"","htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/818220047","repostId":"1171411957","repostType":4,"repost":{"id":"1171411957","kind":"news","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1630387892,"share":"https://ttm.financial/m/news/1171411957?lang=en_US&edition=fundamental","pubTime":"2021-08-31 13:31","market":"us","language":"zh","title":"Powell has reassured the market again, but can the US stock market rest easy?","url":"https://stock-news.laohu8.com/highlight/detail?id=1171411957","media":"华尔街见闻","summary":"面牵动市场心弦的Jackson Hole全球央行年会终于落下帷幕，美联储主席鲍威尔的鸽派发言让投资者们暂时松了一口气，但从长期来看，政策转向是大势所趋，美股依然面临众多考验。\n在周五(8月27日)的讲","content":"<p>The highly anticipated Jackson Hole global central bank meeting has finally concluded, and Federal Reserve Chairman Jerome Powell's dovish remarks have temporarily relieved investors.<b>However, in the long run, a policy shift is an inevitable trend, and the US stock market still faces numerous challenges.</b></p><p>In his speech on Friday (August 27), Powell emphasized that rising inflation is only temporary and for the first time explicitly stated that if economic progress continues, he and most Federal Reserve officials support the possibility of tapering bond purchases this year, but that tapering QE does not directly indicate a future rate hike. In fact, the United States is far from meeting the conditions for rate hike, and \"there is still a long way to go before full employment.\"</p><p>Powell's remarks not only confirmed the widespread expectations that Taper was about to launch, but also avoided the \"downsizing panic\" of 2013. The financial markets responded positively, similar to \"finally getting a boot off the ground,\" thus eliminating some policy uncertainty.</p><p>On that day, all three major U.S. stock indexes closed higher, with spot gold rebounding by more than $10 from its daily low in the short term, not only returning to the key psychological level of $1,800 but also standing above $1,810.</p><p><img src=\"https://static.tigerbbs.com/74ac764072a021b8d553965de4e2d0fb\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p><p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Analysts pointed out that Powell's speech was in line with expectations, as he confirmed the strong job growth in recent months and the downside risks posed by the Delta variant. The bank expects the Federal Reserve to provide advance notice in September and officially announce the start of tapering its bond purchases in November.</p><p>Specifically, Goldman Sachs estimates that the Federal Reserve has a 45% chance of making a formal announcement in November, a 35% chance of making a formal announcement in December, and a 20% chance of postponing it until 2022.</p><p><b>The road to austerity in the United States has been</b></p><p>Although the risk of the \"sword of Damocles\" of tightening US monetary policy has not yet fallen, with the US economy improving, inflation rising, and employment recovering, Taper and rate hike are an inevitable trend.</p><p>Steven Bell, chief economist at BMO Global Asset Management, recently stated that the market needs to recognize one fact.<b>That is, the fire is almost extinguished, and monetary policy remains at an emergency level, making it inappropriate to continue easing monetary policy.</b></p><p>It is worth mentioning that this time, many countries have already taken the lead in austerity measures ahead of the United States. Data released by U.S. investment bank Stiff Financial Corporation shows that after reaching a cyclical high of 22% year-on-year in March, the global broad money supply (M2) denominated in U.S. dollars has fallen back to slightly above 10% by the middle of this year.</p><p><b>The Federal Reserve, standing at this sensitive juncture of policy shift, remains hesitant, and looking around, policymakers and the market face numerous uncertainties.</b></p><p><b>On the one hand, inflation in the United States remains high.</b>Data released by the U.S. National Bureau of Statistics on August 11 showed that the U.S. overall CPI rose 5.4% year-on-year in July, higher than the expected 5.3% growth and unchanged from June's 5.4% increase, which remains the highest level since 2008.</p><p><img src=\"https://static.tigerbbs.com/33c9b534228ee4e8bd63ccd14729bdca\" tg-width=\"640\" tg-height=\"372\" referrerpolicy=\"no-referrer\"></p><p>Although Powell has repeatedly emphasized that the current round of inflation is only temporary and will subside as vaccinations and the pandemic is brought under control and supply catches up with demand, some Federal Reserve officials are concerned that supply chain disruptions and demand growth may continue to push up inflation until 2022 and beyond.</p><p>Ahead of the global central bank annual meeting, Philadelphia Federal Reserve President Patrick Harker said the Fed is facing the challenge of price pressures that have not subsided. He believes that inflation will be far higher than the Federal Reserve's target, and that inflation will continue to accelerate if the Fed does not take action. \"Inflation may not be so short-lived, which is a risk I worry about.\"</p><p>This will increase pressure on the Federal Reserve to tighten monetary policy as soon as possible. Recently, Greg Jensen, co-chief investment officer of Bridgewater Associates, the world's largest hedge fund, said in his market outlook that the Federal Reserve's tapering may be greater than market expectations, and interest rates will rise faster.</p><p><b>On the other hand, the outbreak of the Delta variant has cast a shadow over the prospects for economic recovery in the United States.</b></p><p>The preliminary reading of the University of Michigan's consumer confidence index for August plummeted 11 points from the previous month to 70.2, the lowest level since December 2011. The data fell far short of market expectations.</p><p>In addition, data released by the U.S. Department of Commerce on August 17 showed that U.S. retail sales fell 1.1% month-on-month in July, significantly exceeding the market expectation of a 0.3% decrease, compared to a 0.6% increase in the previous month.</p><p><img src=\"https://static.tigerbbs.com/7ddfca5645b5555b3b4a2f85e87cc9ca\" tg-width=\"640\" tg-height=\"373\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Following the release of this data, Goldman Sachs immediately announced that it had significantly lowered its forecast for U.S. GDP growth in the third quarter from 8.5% to 5.5%, and also lowered its forecast for full-year 2021 GDP growth from 6.4% to 6%, projecting that the U.S. economy would grow by 4.5% in 2022.</p><p>Goldman Sachs warned that the impact of the Delta variant on the economy and inflation is more severe than expected:</p><p>Consumer spending and production have both been impacted. Spending on catering, travel, and other services may decline in August, but we don't expect the decline to be too large or for too long. Production remains affected by supply chain disruptions, particularly in the automotive industry, which could mean fewer inventory rebuilds in the third quarter.<b>Risks are intensifying</b></p><p>As the pandemic spreads, economic growth is expected to slow, and expectations of the Federal Reserve tightening monetary policy are rising, uncertainties and risks in the US stock market are intensifying.</p><p>Michael Hartnett, global investment strategist at Bank of America Merrill Lynch, predicts negative returns for the U.S. stock market in the second half of this year, expressing concern about the threat of stagflation from rising inflation.</p><p><a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Chief U.S. equity strategist Mike Wilson also believes that U.S. stocks are on the verge of a correction. He suggested that, given the expected pullback, investors should invest in stocks with lower volatility and predict that the S&P 500 will be around 4,000 points by the end of the year, which means there is a 10% downside potential at current levels.</p><p>Goldman Sachs warned about the volatility of US stocks.</p><p>Rocky Fishma, derivatives strategist at Goldman Sachs, predicted last week that volatility in the U.S. stock market would surge next, based on the fact that the implied volatility curve of the VIX remained upward after rising 6 points in four days, reflecting expectations that volatility would continue to rise sharply.</p><p><b>In addition, the one-year VIX index futures price has risen to 26, near the top of its second/third quarter range, well above the spot market, but below its first quarter median of 28.</b>Goldman Sachs points out that since 1940, the only instances where the S&P 500's annual real volatility has exceeded 26% were the 1987 stock market crash, the 2008 financial crisis, and the 2020 pandemic.</p><p>For investors, using diversified instruments to hedge risk is the best way to control pullback/retracement.<b>CME group’s latest small-cap stock index contract, Micro e-Mini Futures, can help investors make newer and more refined risk allocations.</b></p><p>This tool offers the advantages of more flexible and smaller-scale contract expansion. Micro e-mini contracts are only one-tenth the size of traditional e-mini contracts, requiring only low margin to enter the market and access the opportunity to trade the S&P 500, Nasdaq 100, Dow Jones Industrial Average, and Russell 2000 U.S. indices.</p><p>In addition, miniature e-mini futures can be used to add more granularity and allow for fine-tuning of the index exposure of a particular position, precisely expanding or reducing the size of the index exposure. Meanwhile, micro e-mini futures can completely replace traditional e-mini contracts, allowing for flexible position management when market conditions change and making it easier to access deep liquidity.</p><p>According to reports, since its launch in 2019, the trading volume of micro e-mini stock index contracts has exceeded 800 million contracts. Global participation remained strong, with non-US trading volume accounting for 21% before the cash opening, and participants from more than 190 countries. In the first half of 2021, the average daily trading volume exceeded 460,000 contracts outside of the United States.</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>Powell has reassured the market again, but can the US stock market rest easy?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPowell has reassured the market again, but can the US stock market rest easy?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2021-08-31 13:31</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The highly anticipated Jackson Hole global central bank meeting has finally concluded, and Federal Reserve Chairman Jerome Powell's dovish remarks have temporarily relieved investors.<b>However, in the long run, a policy shift is an inevitable trend, and the US stock market still faces numerous challenges.</b></p><p>In his speech on Friday (August 27), Powell emphasized that rising inflation is only temporary and for the first time explicitly stated that if economic progress continues, he and most Federal Reserve officials support the possibility of tapering bond purchases this year, but that tapering QE does not directly indicate a future rate hike. In fact, the United States is far from meeting the conditions for rate hike, and \"there is still a long way to go before full employment.\"</p><p>Powell's remarks not only confirmed the widespread expectations that Taper was about to launch, but also avoided the \"downsizing panic\" of 2013. The financial markets responded positively, similar to \"finally getting a boot off the ground,\" thus eliminating some policy uncertainty.</p><p>On that day, all three major U.S. stock indexes closed higher, with spot gold rebounding by more than $10 from its daily low in the short term, not only returning to the key psychological level of $1,800 but also standing above $1,810.</p><p><img src=\"https://static.tigerbbs.com/74ac764072a021b8d553965de4e2d0fb\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p><p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Analysts pointed out that Powell's speech was in line with expectations, as he confirmed the strong job growth in recent months and the downside risks posed by the Delta variant. The bank expects the Federal Reserve to provide advance notice in September and officially announce the start of tapering its bond purchases in November.</p><p>Specifically, Goldman Sachs estimates that the Federal Reserve has a 45% chance of making a formal announcement in November, a 35% chance of making a formal announcement in December, and a 20% chance of postponing it until 2022.</p><p><b>The road to austerity in the United States has been</b></p><p>Although the risk of the \"sword of Damocles\" of tightening US monetary policy has not yet fallen, with the US economy improving, inflation rising, and employment recovering, Taper and rate hike are an inevitable trend.</p><p>Steven Bell, chief economist at BMO Global Asset Management, recently stated that the market needs to recognize one fact.<b>That is, the fire is almost extinguished, and monetary policy remains at an emergency level, making it inappropriate to continue easing monetary policy.</b></p><p>It is worth mentioning that this time, many countries have already taken the lead in austerity measures ahead of the United States. Data released by U.S. investment bank Stiff Financial Corporation shows that after reaching a cyclical high of 22% year-on-year in March, the global broad money supply (M2) denominated in U.S. dollars has fallen back to slightly above 10% by the middle of this year.</p><p><b>The Federal Reserve, standing at this sensitive juncture of policy shift, remains hesitant, and looking around, policymakers and the market face numerous uncertainties.</b></p><p><b>On the one hand, inflation in the United States remains high.</b>Data released by the U.S. National Bureau of Statistics on August 11 showed that the U.S. overall CPI rose 5.4% year-on-year in July, higher than the expected 5.3% growth and unchanged from June's 5.4% increase, which remains the highest level since 2008.</p><p><img src=\"https://static.tigerbbs.com/33c9b534228ee4e8bd63ccd14729bdca\" tg-width=\"640\" tg-height=\"372\" referrerpolicy=\"no-referrer\"></p><p>Although Powell has repeatedly emphasized that the current round of inflation is only temporary and will subside as vaccinations and the pandemic is brought under control and supply catches up with demand, some Federal Reserve officials are concerned that supply chain disruptions and demand growth may continue to push up inflation until 2022 and beyond.</p><p>Ahead of the global central bank annual meeting, Philadelphia Federal Reserve President Patrick Harker said the Fed is facing the challenge of price pressures that have not subsided. He believes that inflation will be far higher than the Federal Reserve's target, and that inflation will continue to accelerate if the Fed does not take action. \"Inflation may not be so short-lived, which is a risk I worry about.\"</p><p>This will increase pressure on the Federal Reserve to tighten monetary policy as soon as possible. Recently, Greg Jensen, co-chief investment officer of Bridgewater Associates, the world's largest hedge fund, said in his market outlook that the Federal Reserve's tapering may be greater than market expectations, and interest rates will rise faster.</p><p><b>On the other hand, the outbreak of the Delta variant has cast a shadow over the prospects for economic recovery in the United States.</b></p><p>The preliminary reading of the University of Michigan's consumer confidence index for August plummeted 11 points from the previous month to 70.2, the lowest level since December 2011. The data fell far short of market expectations.</p><p>In addition, data released by the U.S. Department of Commerce on August 17 showed that U.S. retail sales fell 1.1% month-on-month in July, significantly exceeding the market expectation of a 0.3% decrease, compared to a 0.6% increase in the previous month.</p><p><img src=\"https://static.tigerbbs.com/7ddfca5645b5555b3b4a2f85e87cc9ca\" tg-width=\"640\" tg-height=\"373\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Following the release of this data, Goldman Sachs immediately announced that it had significantly lowered its forecast for U.S. GDP growth in the third quarter from 8.5% to 5.5%, and also lowered its forecast for full-year 2021 GDP growth from 6.4% to 6%, projecting that the U.S. economy would grow by 4.5% in 2022.</p><p>Goldman Sachs warned that the impact of the Delta variant on the economy and inflation is more severe than expected:</p><p>Consumer spending and production have both been impacted. Spending on catering, travel, and other services may decline in August, but we don't expect the decline to be too large or for too long. Production remains affected by supply chain disruptions, particularly in the automotive industry, which could mean fewer inventory rebuilds in the third quarter.<b>Risks are intensifying</b></p><p>As the pandemic spreads, economic growth is expected to slow, and expectations of the Federal Reserve tightening monetary policy are rising, uncertainties and risks in the US stock market are intensifying.</p><p>Michael Hartnett, global investment strategist at Bank of America Merrill Lynch, predicts negative returns for the U.S. stock market in the second half of this year, expressing concern about the threat of stagflation from rising inflation.</p><p><a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Chief U.S. equity strategist Mike Wilson also believes that U.S. stocks are on the verge of a correction. He suggested that, given the expected pullback, investors should invest in stocks with lower volatility and predict that the S&P 500 will be around 4,000 points by the end of the year, which means there is a 10% downside potential at current levels.</p><p>Goldman Sachs warned about the volatility of US stocks.</p><p>Rocky Fishma, derivatives strategist at Goldman Sachs, predicted last week that volatility in the U.S. stock market would surge next, based on the fact that the implied volatility curve of the VIX remained upward after rising 6 points in four days, reflecting expectations that volatility would continue to rise sharply.</p><p><b>In addition, the one-year VIX index futures price has risen to 26, near the top of its second/third quarter range, well above the spot market, but below its first quarter median of 28.</b>Goldman Sachs points out that since 1940, the only instances where the S&P 500's annual real volatility has exceeded 26% were the 1987 stock market crash, the 2008 financial crisis, and the 2020 pandemic.</p><p>For investors, using diversified instruments to hedge risk is the best way to control pullback/retracement.<b>CME group’s latest small-cap stock index contract, Micro e-Mini Futures, can help investors make newer and more refined risk allocations.</b></p><p>This tool offers the advantages of more flexible and smaller-scale contract expansion. Micro e-mini contracts are only one-tenth the size of traditional e-mini contracts, requiring only low margin to enter the market and access the opportunity to trade the S&P 500, Nasdaq 100, Dow Jones Industrial Average, and Russell 2000 U.S. indices.</p><p>In addition, miniature e-mini futures can be used to add more granularity and allow for fine-tuning of the index exposure of a particular position, precisely expanding or reducing the size of the index exposure. Meanwhile, micro e-mini futures can completely replace traditional e-mini contracts, allowing for flexible position management when market conditions change and making it easier to access deep liquidity.</p><p>According to reports, since its launch in 2019, the trading volume of micro e-mini stock index contracts has exceeded 800 million contracts. Global participation remained strong, with non-US trading volume accounting for 21% before the cash opening, and participants from more than 190 countries. In the first half of 2021, the average daily trading volume exceeded 460,000 contracts outside of the United States.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4f6ec6e99c0c8b9feb7f296b78c65a54","relate_stocks":{".DJI":"道琼斯","IVV":"标普500ETF-iShares","QQQ":"纳指100ETF",".IXIC":"NASDAQ Composite","OEF":"标普100指数ETF-iShares","SQQQ":"纳指三倍做空ETF","SPXU":"三倍做空标普500ETF-ProShares","PSQ":"做空纳斯达克100指数ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares","SPY":"标普500ETF","TQQQ":"纳指三倍做多ETF","QLD":"2倍做多纳斯达克100指数ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares","OEX":"标普100","SDS":"两倍做空标普500 ETF-ProShares","DJX":"1/100道琼斯","SSO":"2倍做多标普500ETF-ProShares","UPRO":"三倍做多标普500ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171411957","content_text":"面牵动市场心弦的Jackson Hole全球央行年会终于落下帷幕，美联储主席鲍威尔的鸽派发言让投资者们暂时松了一口气，但从长期来看，政策转向是大势所趋，美股依然面临众多考验。\n在周五(8月27日)的讲话中，鲍威尔着重强调了通胀走高只是暂时的，并首度明确称如果经济进展持续，他与大多数美联储官员都支持可能在今年开始缩减买债（Taper），但减码QE并不直接暗示未来的加息时间。事实上，美国远未满足加息条件，“距离充分就业还有很长的路要走”。\n鲍威尔的发言既印证了人们对Taper即将开启的广泛预期，也能避免2013年时的“缩减恐慌”。金融市场作出了类似“终于有一只靴子落地”、进而消除了一部分政策不确定性的积极反应。\n当天，美国三大股指集体收涨，现货黄金短线从日低反弹逾10美元，不仅重回1800美元关键心理整数位，还站上1810美元。\n\n高盛分析指出，鲍威尔的讲话符合预期，他确认了近几个月的强劲就业增长以及Delta变种带来的下行风险。该行预计，美联储目的是在9月给出提前通知，在11月正式宣布开始缩减购债规模。\n具体来看，高盛预计，美联储11月正式宣布的可能性为45%，12月正式宣布的可能性为35%，推迟到2022年的可能性为20%。\n美国紧缩之路坎坷\n虽然美国货币政策紧缩这把“达摩克利斯之剑”暂时没有落下的风险，但随着美国经济好转，通胀高企，就业复苏，Taper和加息是大势所趋。\nBMO Global Asset Management首席经济学家Steven Bell近日表示，市场需要认清一个事实，那就是火已经快灭了，而货币政策依然处于紧急状态的水平，继续放松货币政策是不合适的。\n值得一提的是，这一次有不少国家已经走在美国前面，开启了紧缩之路。美国投资银行斯迪富金融公司公布的数据显示，全球以美元计价的广义货币（M2）供应量同比涨幅3月达到22%的周期性高点后，在今年年中已回落至略高于10%的水平。\n而美联储站在政策转向这个敏感路口，却依然踌躇不前，放眼望去，摆在决策者和市场面前的是诸多的不确定性。\n一方面，美国通胀依然处于高位。8月11日美国国家统计局公布的数据显示，美国7月整体CPI同比增长5.4%，高于预期增长的5.3%，持平于6月5.4%的增幅，这仍然是2008年以来的最高水平。\n\n虽然鲍威尔不断强调，当前这轮通胀只是暂时的，随着疫苗接种和疫情控制，供应赶上需求后，通胀将会消退，但部分美联储官员担忧，供应链中断和需求增长可能会持续推高通胀直至2022年及以后。\n全球央行年会前，美国费城联储行长Patrick Harker表示，美联储正面临着价格压力并未消退的挑战。他认为，通胀将远高于美联储的目标，如果美联储不采取行动，通胀将继续加速，“通胀可能不是那么短暂，这是我担心的风险。”\n这将加大美联储尽快收紧货币政策的压力。近日，全球最大对冲基金桥水的联席首席投资官Greg Jensen在展望后市时表示，届时美联储减码幅度有可能比市场预期更大，利率升速也会更快。\n另一方面 ，Delta变种病毒的肆虐给美国经济复苏前景蒙上了一层阴影。\n美国8月密歇根大学消费者信心指数初值较上月骤降11点，至70.2，创2011年12月以来最低水平。数据远低于市场预期。\n另外，美国商务部8月17日公布数据显示，美国7月零售销售环比减少1.1%，大幅超过市场预期的减少0.3%，而前值为增加0.6%。\n\n这一数据公布后，高盛随即宣布将美国三季度GDP增长预期从此前的8.5%大幅下调至5.5%，同时将2021年全年GDP增长预期从此前6.4%下调至6%，预计2022年美国全年经济增长4.5%。\n高盛警告称，Delta变种病毒对经济和通胀的影响比预期更严峻：\n\n 消费者支出和生产都受到了冲击。8月份餐饮、旅游和其他服务支出可能会下降，不过我们预计下降幅度不会太大，也不会太长。生产仍然受到供应链中断的影响，尤其是在汽车行业，这可能意味着第三季度库存重建会减少。\n\n风险正在加剧\n随着疫情蔓延，经济增速预期放缓，以及美联储货币政策收紧预期升温，美股的不确定性风险正在加剧。\n美银美林全球投资策略师Michael Hartnett预计，今年下半年美国股市将出现负回报，他对通货膨胀加剧带来的滞胀威胁表示担忧。\n摩根士丹利首席美国股票策略师Mike Wilson也认为，美股正处于回调的边缘。他建议，鉴于预期中的回调，投资者应该投资波动性较低的股票，并预测年底标普500指数会处于4000点左右，这意味当前水平下有10%的下跌空间。\n高盛则对美股的波动性作出了警告。\n高盛衍生品策略官Rocky Fishma上周预计，美股市场波动接下来会飙升，依据是VIX在4天上涨6个点后隐含波动曲线仍保持上升型，反映出波动率将继续大幅上升的预期。\n此外，一年期 VIX 指数期货价格已升至 26，接近其第二季度/第三季度范围的顶部，远高于现货，但低于其第一季度中值28。高盛指出，自从1940年以来，标普500全年实际波动率超过26的情况只有1987年股灾、2008年金融危机和2020年疫情爆发。\n对于投资者来说，运用多样化工具进行风险对冲是控制回撤的最好方法。芝商所最新小规模股指合约微型E‑迷你期货能够帮投资者进行更新精细化的风险部署。\n该工具具有更灵活、更小规模的扩充合约的优势，微型E-迷你合约仅为传统E-迷你合约规模的十分之一，其只需要较低的保证金便能进入市场，以及获取交易标普500指数、纳斯达克100指数、道琼斯工业平均指数和罗素2000美国指数的机会。\n此外，微型E-迷你期货可用于增加更多粒度，并允许微调某个持仓的指数风险敞口，精确地扩大或缩小指数风险敞口规模。同时，微型E-迷你期货可完全替代传统E-迷你合约，其可在市场条件变化时灵活地管理持仓，并更容易获取深度流动性。\n据介绍，自2019年推出以来，微型E-迷你股指合约的交易量超过 8亿份合约。全球参与度依然强劲，在现金开放前的非美国时段交易量占21%，参与者来自190多个国家。2021年上半年，在非美国时间内，平均每日交易量超过46万份合同。","news_type":1,"symbols_score_info":{"PSQ":0.9,"OEF":0.9,"ESmain":0.9,"DXD":0.9,"QLD":0.9,"IVV":0.9,"OEX":0.9,"SSO":0.9,".IXIC":0.9,"UPRO":0.9,"SPY":0.9,"TQQQ":0.9,"UDOW":0.9,"QQQ":0.9,"SDS":0.9,"SDOW":0.9,"DJX":0.9,"SQQQ":0.9,".DJI":0.9,"SPXU":0.9}},"isVote":1,"tweetType":1,"viewCount":1750,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811484535,"gmtCreate":1630336876527,"gmtModify":1676530274822,"author":{"id":"3572776965259682","authorId":"3572776965259682","name":"cheong6265","avatar":"https://static.tigerbbs.com/ca7e234da6cd2aa2bcbbd0ccbb67927e","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3572776965259682","idStr":"3572776965259682"},"themes":[],"title":"","htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/811484535","repostId":"1135367295","repostType":4,"repost":{"id":"1135367295","kind":"news","pubTimestamp":1630335621,"share":"https://ttm.financial/m/news/1135367295?lang=en_US&edition=fundamental","pubTime":"2021-08-30 23:00","market":"us","language":"zh","title":"[One Chart to Understand] Q2 Performance Comparison of Nio, Li Auto, and XPeng Motor Company","url":"https://stock-news.laohu8.com/highlight/detail?id=1135367295","media":"新浪科技","summary":"","content":"<p><img src=\"https://static.tigerbbs.com/82bd80d1d3dd9200b13942964b7bb248\" tg-width=\"550\" tg-height=\"3161\" referrerpolicy=\"no-referrer\"></p>","source":"sina_tech","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>[One Chart to Understand] Q2 Performance Comparison of Nio, Li Auto, and XPeng Motor Company</title>\n<style 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#7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n[One Chart to Understand] Q2 Performance Comparison of Nio, Li Auto, and XPeng Motor Company\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪科技</strong><span class=\"h-time small\">2021-08-30 23:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/82bd80d1d3dd9200b13942964b7bb248\" tg-width=\"550\" tg-height=\"3161\" referrerpolicy=\"no-referrer\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/tech/2021-08-30/doc-iktzqtyt3080843.shtml\">新浪科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ccf08a65163213fb22b4f94f7fb404e8","relate_stocks":{"NIO":"蔚来","LI":"理想汽车","XPEV":"小鹏集团"},"source_url":"https://finance.sina.com.cn/tech/2021-08-30/doc-iktzqtyt3080843.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135367295","news_type":1,"symbols_score_info":{"XPEV":0.9,"LI":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":1951,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813497436,"gmtCreate":1630226369025,"gmtModify":1676530247216,"author":{"id":"3572776965259682","authorId":"3572776965259682","name":"cheong6265","avatar":"https://static.tigerbbs.com/ca7e234da6cd2aa2bcbbd0ccbb67927e","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3572776965259682","idStr":"3572776965259682"},"themes":[],"title":"","htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/813497436","repostId":"1187941678","repostType":4,"repost":{"id":"1187941678","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1630110918,"share":"https://ttm.financial/m/news/1187941678?lang=en_US&edition=fundamental","pubTime":"2021-08-28 08:35","market":"sh","language":"zh","title":"Last night and this morning: Powell's dovish Taper signals support a rebound in US stocks.","url":"https://stock-news.laohu8.com/highlight/detail?id=1187941678","media":"老虎资讯综合","summary":"摘要：年内何时Taper留悬念，标普纳指延续狂欢创新高；转会费1.9亿！C罗回归曼联，曼联股价暴涨近6%；汽车公司最大IPO要来了！特斯拉劲敌Rivian提交申请；美版花呗Affirm盘后涨逾35%。","content":"<p>Abstract: The timing of Taper this year remains uncertain, with the S&P 500 and Nasdaq continuing their rally and hitting new highs; Transfer fee 190 million! Cristiano Ronaldo returns to Manchester United, causing Manchester United's stock price to surge nearly 6%; The biggest IPO of a car company is coming! Tesla's formidable rival Rivian has submitted an application; Affirm, the US version of Huabei, rose more than 35% in after-hours trading. Overseas markets</p><p><b>US Stock Market Close: When Taper will appear this year remains uncertain; S&P 500 and Nasdaq continue their rally, hitting new highs.</b></p><p>In his speech at the Jackson Hole Global Central Bank Conference, Federal Reserve Chairman Jerome Powell stated that the Fed may begin tapering its QE bond purchases this year, but \"the timing and pace of initiating the tapering of bond purchases is not intended to directly signal a rate hike.\" Even if bond purchases are completely ended, it does not mean that a rate hike will begin immediately. He warned of the risks of premature rate hike and did not provide any detailed timetable for tapering bond purchases.</p><p>Although Powell reiterated his intention to reduce bond purchases this year, this was already evident in the Federal Reserve's meeting minutes. Furthermore, he did not disclose the timing and extent of the reduction in bond purchases, leading investors to interpret his speech as \"dovish\". The three major U.S. stock indexes jumped in response.</p><p>The Dow Jones Industrial Average rose 0.69%, the S&P 500 rose 0.88% to a new high, and the Nasdaq Composite Index also rose 1.23% to a new high. The Dow Jones Industrial Average rose 0.96% this week, the Nasdaq Composite rose 2.82%, and the S&P 500 rose 1.52% this week.</p><p><b>Most popular Chinese concept stocks closed lower on Friday, with Mogujie rising over 11%.</b></p><p>Most popular Chinese concept stocks closed lower on Friday.<a href=\"https://laohu8.com/S/BLCT\">Blue City Brothers</a>It fell nearly 12%, and SoYoung fell nearly 11%.<a href=\"https://laohu8.com/S/VNET\">21st Century Internet</a>$Jiayin<a href=\"https://laohu8.com/S/KIM\">Jinke</a>(JFIN) $ fell more than 10%,<a href=\"https://laohu8.com/S/GDS\">Global Data</a>It fell nearly 10%.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>It fell by more than 3%;<a href=\"https://laohu8.com/S/MOGU\">Mogujie</a>It rose more than 11%, and at one point rose nearly 30% in pre-market trading.</p><p><b>European stock markets closed higher across the board, with the pan-European Stoxx 600 index rising 0.43%.</b></p><p>The pan-European Stoxx 600 index closed up 2.00 points, or 0.43%, at 472.34. Mining stocks led the gains, rising 2%, while utilities stocks bucked the trend, falling 0.4%.</p><p><b>Crude oil prices closed in a hurricane, with the two major crude oil futures contracts recording their biggest weekly gains since June last year.</b></p><p>U.S. regulators say oil production in the Gulf of Mexico fell by 59% and natural gas production by 49% before Tropical Storm Ida hit.</p><p>Oil prices rebounded from the previous trading day's decline. U.S. WTI crude oil futures for October delivery rose 1.96%, while Brent crude oil futures for October delivery rose 2.29%. This week, US crude oil rose 10.62% cumulatively, while Brent crude closed up 11.54% cumulatively.</p><p><b>Weighing the impact of Powell's remarks, gold rebounded above $1,800, hitting a near four-week high.</b></p><p>Investors weigh Federal Reserve Chairman Powell's speech in Jackson Hole.<a href=\"https://laohu8.com/S/CNBC\">Central Bank</a>Speaking at a seminar, gold futures fluctuated, closing up 1.4%, returning above the key $1,800 mark and hitting a near four-week high.</p><p>International macro</p><p><b>Powell's speech was \"conventional\": reinforcing Taper expectations; vague wording put pressure on the dollar.</b></p><p>The Jackson Hole annual meeting kicked off with Powell's speech on the economic outlook. Although Powell, as expected, reinforced his expectations of tapering QE this year and explicitly suppressed the correlation between rate hike, the ambiguity left in the wording put pressure on the dollar to weaken.</p><p><b>Powell's \"empty\" speech failed to convince the public, prompting several local Federal Reserve officials to launch a \"siege\" of him.</b></p><p>Kaplan and St. Louis Fed President Bullard reiterated their \"hawkish stance\" an hour before Powell's speech.</p><p>Dallas Fed President Kaplan stated that the Fed should begin adjusting its asset purchases as soon as possible, and the reduction in bond purchases should be completed within approximately eight months.</p><p><b>The White House predicts that the U.S. government's budget deficit will reach $3.12 trillion in fiscal year 2021.</b></p><p>The White House released a report predicting that if the budget deficit for this fiscal year ultimately settles at $3.12 trillion, it will become the second-largest deficit in U.S. history, lower only than last year's $3.129 trillion.</p><p><b>Spending slowed income growth, and the Fed's favorite inflation gauge hit a new 30-year high.</b></p><p>According to data from the U.S. Department of Commerce, the U.S. PCE price index rose 4.2% year-on-year in July, compared to 4% in the previous month and 4.1% expected. The U.S. core PCE price index rose 3.6% year-on-year in July, compared to 3.5% in the previous month and 3.6% expected, reaching its highest level in 30 years.</p><p><b>New troubles for Robinhoods and others: Targeted by the US SEC</b></p><p>The $15 billion fund raised last year will not yield the same returns as we have achieved in the past three crises. The whole world is in a low-return environment, and it is very difficult to obtain high returns.</p><p>Company News</p><p><b>1、</b><a href=\"https://laohu8.com/NW/2162078768\" target=\"_blank\"><b>Transfer fee 190 million! Cristiano Ronaldo returns to Manchester United, Manchester United's stock price surges nearly 6%</b></a></p><p>After more than a decade away, Cristiano Ronaldo has returned to what he calls \"home.\"<a href=\"https://laohu8.com/S/MANU\">Manchester United</a>This not only drew cheers from fans but also fueled investor enthusiasm, driving up Manchester United's stock price. On August 28, Beijing time, Manchester United's U.S. stock closed up 5.79% at $18.28.</p><p><b>2、</b><a href=\"https://laohu8.com/NW/2162078900\" target=\"_blank\"><b>The biggest IPO of a car company is coming: $80 billion! Tesla's formidable rival Rivian submits application</b></a><b></b></p><p>backing<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Rivian, an electric vehicle startup, announced that it has secretly filed for an IPO with the U.S. Securities and Exchange Commission (SEC). The size and price range of the IPO have not yet been determined.</p><p><b>3、</b><a href=\"https://laohu8.com/NW/2162078003\" target=\"_blank\"><b>Affirm, the US version of Alipay, surged over 35% in after-hours trading after launching an installment payment service in partnership with Amazon.</b></a></p><p>E-commerce giants<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Amazon announced that it will partner with Affirm, the \"US version of Alipay,\" to offer users installment payment options for the first time. Following the news, Affirm's stock price surged by more than 40% in after-hours trading on Friday, before falling only slightly as of press time. Amazon's stock price remained unchanged.</p><p><b>4、</b><a href=\"https://laohu8.com/NW/2162202473\" target=\"_blank\"><b>Musk mocks Bezos: He has a full-time job after retirement and is suing SpaceX.</b></a></p><p>According to reports,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>CEO Elon Musk today mocked Amazon founder Jeff Bezos, saying that after Bezos retired, he found a new full-time job: suing SpaceX.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Last night and this morning: Powell's dovish Taper signals support a rebound in US stocks.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLast night and this morning: Powell's dovish Taper signals support a rebound in US stocks.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-08-28 08:35</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Abstract: The timing of Taper this year remains uncertain, with the S&P 500 and Nasdaq continuing their rally and hitting new highs; Transfer fee 190 million! Cristiano Ronaldo returns to Manchester United, causing Manchester United's stock price to surge nearly 6%; The biggest IPO of a car company is coming! Tesla's formidable rival Rivian has submitted an application; Affirm, the US version of Huabei, rose more than 35% in after-hours trading. Overseas markets</p><p><b>US Stock Market Close: When Taper will appear this year remains uncertain; S&P 500 and Nasdaq continue their rally, hitting new highs.</b></p><p>In his speech at the Jackson Hole Global Central Bank Conference, Federal Reserve Chairman Jerome Powell stated that the Fed may begin tapering its QE bond purchases this year, but \"the timing and pace of initiating the tapering of bond purchases is not intended to directly signal a rate hike.\" Even if bond purchases are completely ended, it does not mean that a rate hike will begin immediately. He warned of the risks of premature rate hike and did not provide any detailed timetable for tapering bond purchases.</p><p>Although Powell reiterated his intention to reduce bond purchases this year, this was already evident in the Federal Reserve's meeting minutes. Furthermore, he did not disclose the timing and extent of the reduction in bond purchases, leading investors to interpret his speech as \"dovish\". The three major U.S. stock indexes jumped in response.</p><p>The Dow Jones Industrial Average rose 0.69%, the S&P 500 rose 0.88% to a new high, and the Nasdaq Composite Index also rose 1.23% to a new high. The Dow Jones Industrial Average rose 0.96% this week, the Nasdaq Composite rose 2.82%, and the S&P 500 rose 1.52% this week.</p><p><b>Most popular Chinese concept stocks closed lower on Friday, with Mogujie rising over 11%.</b></p><p>Most popular Chinese concept stocks closed lower on Friday.<a href=\"https://laohu8.com/S/BLCT\">Blue City Brothers</a>It fell nearly 12%, and SoYoung fell nearly 11%.<a href=\"https://laohu8.com/S/VNET\">21st Century Internet</a>$Jiayin<a href=\"https://laohu8.com/S/KIM\">Jinke</a>(JFIN) $ fell more than 10%,<a href=\"https://laohu8.com/S/GDS\">Global Data</a>It fell nearly 10%.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>It fell by more than 3%;<a href=\"https://laohu8.com/S/MOGU\">Mogujie</a>It rose more than 11%, and at one point rose nearly 30% in pre-market trading.</p><p><b>European stock markets closed higher across the board, with the pan-European Stoxx 600 index rising 0.43%.</b></p><p>The pan-European Stoxx 600 index closed up 2.00 points, or 0.43%, at 472.34. Mining stocks led the gains, rising 2%, while utilities stocks bucked the trend, falling 0.4%.</p><p><b>Crude oil prices closed in a hurricane, with the two major crude oil futures contracts recording their biggest weekly gains since June last year.</b></p><p>U.S. regulators say oil production in the Gulf of Mexico fell by 59% and natural gas production by 49% before Tropical Storm Ida hit.</p><p>Oil prices rebounded from the previous trading day's decline. U.S. WTI crude oil futures for October delivery rose 1.96%, while Brent crude oil futures for October delivery rose 2.29%. This week, US crude oil rose 10.62% cumulatively, while Brent crude closed up 11.54% cumulatively.</p><p><b>Weighing the impact of Powell's remarks, gold rebounded above $1,800, hitting a near four-week high.</b></p><p>Investors weigh Federal Reserve Chairman Powell's speech in Jackson Hole.<a href=\"https://laohu8.com/S/CNBC\">Central Bank</a>Speaking at a seminar, gold futures fluctuated, closing up 1.4%, returning above the key $1,800 mark and hitting a near four-week high.</p><p>International macro</p><p><b>Powell's speech was \"conventional\": reinforcing Taper expectations; vague wording put pressure on the dollar.</b></p><p>The Jackson Hole annual meeting kicked off with Powell's speech on the economic outlook. Although Powell, as expected, reinforced his expectations of tapering QE this year and explicitly suppressed the correlation between rate hike, the ambiguity left in the wording put pressure on the dollar to weaken.</p><p><b>Powell's \"empty\" speech failed to convince the public, prompting several local Federal Reserve officials to launch a \"siege\" of him.</b></p><p>Kaplan and St. Louis Fed President Bullard reiterated their \"hawkish stance\" an hour before Powell's speech.</p><p>Dallas Fed President Kaplan stated that the Fed should begin adjusting its asset purchases as soon as possible, and the reduction in bond purchases should be completed within approximately eight months.</p><p><b>The White House predicts that the U.S. government's budget deficit will reach $3.12 trillion in fiscal year 2021.</b></p><p>The White House released a report predicting that if the budget deficit for this fiscal year ultimately settles at $3.12 trillion, it will become the second-largest deficit in U.S. history, lower only than last year's $3.129 trillion.</p><p><b>Spending slowed income growth, and the Fed's favorite inflation gauge hit a new 30-year high.</b></p><p>According to data from the U.S. Department of Commerce, the U.S. PCE price index rose 4.2% year-on-year in July, compared to 4% in the previous month and 4.1% expected. The U.S. core PCE price index rose 3.6% year-on-year in July, compared to 3.5% in the previous month and 3.6% expected, reaching its highest level in 30 years.</p><p><b>New troubles for Robinhoods and others: Targeted by the US SEC</b></p><p>The $15 billion fund raised last year will not yield the same returns as we have achieved in the past three crises. The whole world is in a low-return environment, and it is very difficult to obtain high returns.</p><p>Company News</p><p><b>1、</b><a href=\"https://laohu8.com/NW/2162078768\" target=\"_blank\"><b>Transfer fee 190 million! Cristiano Ronaldo returns to Manchester United, Manchester United's stock price surges nearly 6%</b></a></p><p>After more than a decade away, Cristiano Ronaldo has returned to what he calls \"home.\"<a href=\"https://laohu8.com/S/MANU\">Manchester United</a>This not only drew cheers from fans but also fueled investor enthusiasm, driving up Manchester United's stock price. On August 28, Beijing time, Manchester United's U.S. stock closed up 5.79% at $18.28.</p><p><b>2、</b><a href=\"https://laohu8.com/NW/2162078900\" target=\"_blank\"><b>The biggest IPO of a car company is coming: $80 billion! Tesla's formidable rival Rivian submits application</b></a><b></b></p><p>backing<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Rivian, an electric vehicle startup, announced that it has secretly filed for an IPO with the U.S. Securities and Exchange Commission (SEC). The size and price range of the IPO have not yet been determined.</p><p><b>3、</b><a href=\"https://laohu8.com/NW/2162078003\" target=\"_blank\"><b>Affirm, the US version of Alipay, surged over 35% in after-hours trading after launching an installment payment service in partnership with Amazon.</b></a></p><p>E-commerce giants<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Amazon announced that it will partner with Affirm, the \"US version of Alipay,\" to offer users installment payment options for the first time. Following the news, Affirm's stock price surged by more than 40% in after-hours trading on Friday, before falling only slightly as of press time. Amazon's stock price remained unchanged.</p><p><b>4、</b><a href=\"https://laohu8.com/NW/2162202473\" target=\"_blank\"><b>Musk mocks Bezos: He has a full-time job after retirement and is suing SpaceX.</b></a></p><p>According to reports,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>CEO Elon Musk today mocked Amazon founder Jeff Bezos, saying that after Bezos retired, he found a new full-time job: suing SpaceX.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b23574aac95526c9e5c62ebc8dd25130","relate_stocks":{"161125":"标普500","PSQ":"做空纳斯达克100指数ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares",".SPX":"S&P 500 Index","TQQQ":"纳指三倍做多ETF","SPY":"标普500ETF","DDM":"2倍做多道指ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares","DOG":"道指ETF-ProShares做空","OEX":"标普100","QNETCN":"纳斯达克中美互联网老虎指数","IVV":"标普500ETF-iShares","TTTN":"老虎中美互联网巨头ETF","OEF":"标普100指数ETF-iShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares",".DJI":"道琼斯","SQQQ":"纳指三倍做空ETF","SPXU":"三倍做空标普500ETF-ProShares",".IXIC":"NASDAQ Composite"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187941678","content_text":"摘要：年内何时Taper留悬念，标普纳指延续狂欢创新高；转会费1.9亿！C罗回归曼联，曼联股价暴涨近6%；汽车公司最大IPO要来了！特斯拉劲敌Rivian提交申请；美版花呗Affirm盘后涨逾35%。\n\n海外市场\n美股收盘：年内何时Taper留悬念 标普纳指延续狂欢创新高\n美联储主席鲍威尔在杰克逊霍尔全球央行年会上发表讲话称，今年内联储可能开始缩减QE购债，但“开启缩减购债的时间和速度并不是要直接释放加息时间的信号”，即使彻底结束购债也不代表马上就开始加息，警告过早加息的风险，并未给出任何缩减购债的详细时间表。\n虽然鲍威尔重申将于年内缩减债券购买规模，但这早已出现在美联储公布的会议纪要上。并且他不透露缩减购债的时间和程度的行为，让投资者将他的讲话解读为“鸽派”。美股三大指数应声跳涨。\n道琼斯指数涨0.69%，标普500指数涨0.88%创下新高，纳斯达克综合指数涨1.23%也创下新高。道指本周累涨0.96%，纳指本周累涨2.82%，标普500指数本周累涨1.52%。\n热门中概股周五收盘多数走低 蘑菇街涨超11%\n热门中概股周五收盘多数走低，蓝城兄弟跌近12%，新氧跌近11%，世纪互联、$嘉银金科(JFIN)$跌超10%，万国数据跌近10%，阿里巴巴跌超3%；蘑菇街涨超11%，盘前一度涨近30%。\n欧洲股市全线收高 泛欧斯托克600指数收涨0.43%\n泛欧斯托克600指数收涨2.00点，涨幅0.43%，报472.34点。其中矿业类股领涨，涨幅2%，公用事业类股逆市下跌0.4%。\n原油收盘飓风来袭 两大原油期货录得去年6月以来最大单周涨幅\n美国监管机构表示，在热带风暴艾达来临之前，美国墨西哥湾石油产量减少59%，天然气产量减少49%。\n油价自此前交易日的跌势中反弹。美国WTI原油10月原油期货涨1.96%，布伦特10月期货涨幅2.29%。本周，美油累计上涨10.62%，布油累计收涨11.54%。\n权衡鲍威尔言论影响 黄金重回1800美元上方创近四周新高\n投资者权衡美联储主席鲍威尔在杰克逊霍尔中央银行家研讨会上的讲话，黄金期货震荡收涨1.4%，重回1800美元关键关口上方，创近四周新高。\n国际宏观\n鲍威尔讲话“中规中矩”：巩固Taper预期 模糊措辞令美元承压\n杰克逊霍尔年会在鲍威尔有关经济前景的讲话中拉开帷幕，虽然鲍威尔如预期般巩固了年内缩减QE的预期且明确打压加息关联性，但措辞文本中留下的模糊地带令美元承压走弱。\n鲍威尔“空洞”讲话难服众 多位美联储地方官员对其展开“围攻”\n卡普兰和圣路易斯联储主席布拉德在鲍威尔讲话前一个小时，再次重申他们的“鹰派立场”。\n达拉斯联储主席卡普兰称，美联储应该尽快开始资产购买调整，缩减购债规模应该在大约8个月的时间内完成。\n白宫预测：美国政府2021财年预算赤字将达到3.12万亿美元\n美国白宫发布一份报告预测称，如果本财年的预算赤字最终定格在3.12万亿美元，本财年将成为美国历史上赤字第二高的一年，仅低于去年的3.129万亿美元。\n支出放缓收入增长，美联储最爱通胀指标再创30年来新高\n根据美国商务部数据，美国7月PCE物价指数同比升4.2%，前值为4%，预期为4.1%。美国7月核心PCE物价指数同比升3.6%，前值为3.5%，预期为3.6%，再创30年来最高水平。\nRobinhood们的新麻烦：被美国SEC盯上了\n去年筹集的150亿美元基金回报率不会像我们在过去三次危机中所取得的回报那么高。整个世界都处在低回报的环境中，要获取高收益十分困难。\n公司新闻\n1、转会费1.9亿！C罗回归曼联 曼联股价暴涨近6%\n阔别10余年之后，克里斯蒂亚诺·罗纳尔多回到了被他称为“家”的曼联，不仅让球迷欢呼雀跃，投资者也热情高涨，推动曼联股价上涨。北京时间8月28日，曼联美股收盘大涨5.79%，股价报18.28美元。\n2、汽车公司最大IPO要来了：800亿美元！特斯拉劲敌Rivian提交申请\n背靠亚马逊的电动汽车初创公司Rivian宣布已经向美国证券交易委员会（SEC）秘密递交IPO申请。IPO的规模和价格范围还没有确定。\n3、与亚马逊联合推出分期付款服务 “美版花呗”Affirm盘后大涨逾35%\n电商巨头亚马逊（Amazon）宣布，将与“美版花呗”Affirm合作，首次为用户提供分期付款选项。该消息传出后，Affirm的股价周五盘后一度飙升逾40%，截至发稿仅小幅回落。亚马逊的股价则未有明显变化。\n4、马斯克拿贝索斯开涮：退休后又有了全职工作 起诉SpaceX\n据报道，特斯拉CEO埃隆·马斯克（Elon Musk）今日拿亚马逊创始人杰夫·贝索斯（Jeff Bezos）开涮，称贝索斯退休后，又找到了新的全职工作：起诉SpaceX。","news_type":1,"symbols_score_info":{"161125":0.9,"SDOW":0.9,"SDS":0.9,".SPX":0.9,"DOG":0.9,".DJI":0.9,"DDM":0.9,"PSQ":0.9,"NQmain":0.9,"OEF":0.9,"QNETCN":0.9,".IXIC":0.9,"ESmain":0.9,"QLD":0.9,"SPY":0.9,"TTTN":0.9,"OEX":0.9,"TQQQ":0.9,"SPXU":0.9,"IVV":0.9,"SQQQ":0.9,"MNQmain":0.9}},"isVote":1,"tweetType":1,"viewCount":1873,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":819651956,"gmtCreate":1630068176675,"gmtModify":1676530215315,"author":{"id":"3572776965259682","authorId":"3572776965259682","name":"cheong6265","avatar":"https://static.tigerbbs.com/ca7e234da6cd2aa2bcbbd0ccbb67927e","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3572776965259682","idStr":"3572776965259682"},"themes":[],"title":"","htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/819651956","repostId":"1164744084","repostType":4,"repost":{"id":"1164744084","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1630065526,"share":"https://ttm.financial/m/news/1164744084?lang=en_US&edition=fundamental","pubTime":"2021-08-27 19:58","market":"other","language":"zh","title":"ZTE's revenue of 53.07 billion yuan and net profit of 4.008 billion yuan in the first half of the year","url":"https://stock-news.laohu8.com/highlight/detail?id=1164744084","media":"老虎资讯综合","summary":"8月27日，中兴通讯发布2021年上半年业绩。财报显示，上半年营收530.7亿元，市场预期551.86亿元，去年同期471.99亿元；上半年净利润40.08亿元，市场预期40.08亿元，去年同期18.","content":"<p>On August 27,<a href=\"https://laohu8.com/S/000063\">ZTE Corporation</a>The company released its results for the first half of 2021. Financial reports show that revenue in the first half of the year was 53.07 billion yuan, compared to market expectations of 55.186 billion yuan and 47.199 billion yuan in the same period last year; Net profit for the first half of the year was 4.008 billion yuan, exceeding market expectations of 4.008 billion yuan and 1.857 billion yuan in the same period last year; Earnings per share for the first half of the year were RMB 0.88, compared to market expectations of RMB 0.86 and RMB 0.4 in the same period last year.</p><p>In the first half of the year, the Group achieved operating revenue of RMB35,955 million in the domestic market, accounting for 67.75% of the Group's total operating revenue, while the Group's international market achieved operating revenue of RMB17,116 million, accounting for 32.25% of the Group's total operating revenue.</p><p>The Group's operator network achieved operating revenue of RMB35.052 billion; The government and enterprise business achieved operating revenue of RMB 5.667 billion; The consumer business achieved operating revenue of RMB 12.352 billion.</p><p><img src=\"https://static.tigerbbs.com/356694c0aa0d4626877b835756486f9e\" tg-width=\"547\" tg-height=\"651\" width=\"100%\" height=\"auto\"></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>ZTE's revenue of 53.07 billion yuan and net profit of 4.008 billion yuan in the first half of the year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nZTE's revenue of 53.07 billion yuan and net profit of 4.008 billion yuan in the first half of the year\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-08-27 19:58</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On August 27,<a href=\"https://laohu8.com/S/000063\">ZTE Corporation</a>The company released its results for the first half of 2021. Financial reports show that revenue in the first half of the year was 53.07 billion yuan, compared to market expectations of 55.186 billion yuan and 47.199 billion yuan in the same period last year; Net profit for the first half of the year was 4.008 billion yuan, exceeding market expectations of 4.008 billion yuan and 1.857 billion yuan in the same period last year; Earnings per share for the first half of the year were RMB 0.88, compared to market expectations of RMB 0.86 and RMB 0.4 in the same period last year.</p><p>In the first half of the year, the Group achieved operating revenue of RMB35,955 million in the domestic market, accounting for 67.75% of the Group's total operating revenue, while the Group's international market achieved operating revenue of RMB17,116 million, accounting for 32.25% of the Group's total operating revenue.</p><p>The Group's operator network achieved operating revenue of RMB35.052 billion; The government and enterprise business achieved operating revenue of RMB 5.667 billion; The consumer business achieved operating revenue of RMB 12.352 billion.</p><p><img src=\"https://static.tigerbbs.com/356694c0aa0d4626877b835756486f9e\" tg-width=\"547\" tg-height=\"651\" width=\"100%\" height=\"auto\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3e02b7a55e84212cdc6dccb164e9665b","relate_stocks":{"000063":"中兴通讯","00763":"中兴通讯"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164744084","content_text":"8月27日，中兴通讯发布2021年上半年业绩。财报显示，上半年营收530.7亿元，市场预期551.86亿元，去年同期471.99亿元；上半年净利润40.08亿元，市场预期40.08亿元，去年同期18.57亿元；上半年每股盈利0.88元，市场预期0.86元，去年同期0.4元。\n上半年本集团国内市场实现营业收入359.55亿元人民币，占本集团整体营业收入的67.75%，本集团国际市场实现营业收入171.16亿元人民币，占本集团整体营业收入的32.25%。\n本集团运营商网络实现营业收入350.52亿元人民币；政企业务实现营业收入56.67亿元人民币；消费者业务实现营业收入123.52亿元人民币。","news_type":1,"symbols_score_info":{"000063":0.9,"00763":0.9}},"isVote":1,"tweetType":1,"viewCount":1573,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":834217572,"gmtCreate":1629806318696,"gmtModify":1676530136797,"author":{"id":"3572776965259682","authorId":"3572776965259682","name":"cheong6265","avatar":"https://static.tigerbbs.com/ca7e234da6cd2aa2bcbbd0ccbb67927e","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3572776965259682","idStr":"3572776965259682"},"themes":[],"title":"","htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/834217572","repostId":"1187769359","repostType":4,"repost":{"id":"1187769359","kind":"news","pubTimestamp":1629805520,"share":"https://ttm.financial/m/news/1187769359?lang=en_US&edition=fundamental","pubTime":"2021-08-24 19:45","market":"hk","language":"zh","title":"Huazhu Group's revenue in the second quarter was 3.6 billion yuan, an increase of 83.7% year-on-year.","url":"https://stock-news.laohu8.com/highlight/detail?id=1187769359","media":"观点地产网","summary":"截至2021年6月30日，共有7,126家在营酒店(或692,284间在营酒店客房)。","content":"<p>On August 24,<a href=\"https://laohu8.com/S/HTHT\">Huazhu</a>The Group Limited released its unaudited financial results announcement for the second quarter and interim period of 2021, the resignation of directors, and overseas regulatory announcements.</p><p>According to Guandian Real Estate New Media, Ms. Zhang Min has resigned from her positions as director and vice chairman of Huazhu for personal reasons, effective August 24, 2021. Zhang Min has confirmed that she has no disagreements with the company's board of directors, and there are no matters related to her resignation that need to be brought to the attention of Huazhu shareholders or The Stock Exchange of Hong Kong Limited.</p><p>Financial reports show that as of June 30, 2021, Huazhu Group had 7,126 operating hotels (or 692,284 operating hotel rooms).</p><p><b>Second Quarter Results</b></p><p>In the second quarter, hotel revenue increased by 97.8% year-on-year to RMB13.1 billion. Excluding Steigenberger Hotels AG and its subsidiaries, hotel turnover in the second quarter increased by 95.2% year-on-year.</p><p><b>In the second quarter, revenue grew 83.7% year-over-year to RMB 3.6 billion, lower than the previously announced guidance of 87% to 89% revenue growth. Revenue from Legacy-Huazhu grew 84.6% year-over-year in the second quarter, lower than the previously announced guidance of 90% to 92% revenue growth.</b></p><p>In the second quarter of 2021, net profit attributable to Huazhu Group Co., Ltd. was RMB378 million (equivalent to US$59 million), compared to a net loss attributable to Huazhu Group Co., Ltd. of RMB548 million in the same period last year, compared to a net loss attributable to Huazhu Group Co., Ltd. of RMB248 million in the previous quarter.</p><p>Excluding share-based compensation expenses and unrealized gains (losses) arising from changes in the fair value of equity securities, the adjusted net profit attributable to Huazhu Group Co., Ltd. in the second quarter of 2021 (non-GAAP) was RMB464 million, compared to an adjusted net loss attributable to Huazhu Group Co., Ltd. in the second quarter of 2020 (non-GAAP) of RMB476 million.</p><p>In the second quarter of 2021, EBITDA (non-GAAP) was RMB957 million, compared to a negative RMB169 million in the second quarter of 2020.</p><p>Excluding share-based compensation expenses and unrealized gains (losses) arising from changes in the fair value of equity securities, adjusted EBITDA (non-GAAP) for the second quarter of 2021 was RMB1 billion, and adjusted EBITDA (non-GAAP) from Legacy-Huazhu was RMB1.1 billion.</p><p>In the third quarter of 2021, Huazhu expects revenue to grow by 8% to 12% compared to the third quarter of 2020, or by 4% to 8% if DH is not included. To provide more meaningful guidance without the impact of COVID-19, Huazhu expects revenue to grow by 12% to 16% compared to revenue in the third quarter of 2019 before COVID-19, or revenue to decrease by 3% to 7% if DH is excluded.</p><p><b>FIRST HALF</b></p><p>In the first half of 2021, Huazhu's revenue was RMB5.9 billion, representing a 49.1% increase compared to the first half of 2020, while revenue from Legacy-Huazhu was RMB5.5 billion, representing a 78.1% year-on-year increase. Revenue from leasing and owned hotels amounted to RMB3.7 billion, representing a year-on-year increase of 33.7%; Revenue from leasing and owned hotels of Legacy-Huazhu amounted to RMB3.3 billion, representing a year-on-year increase of 72.2%.</p><p>In the first half of 2021, operating profit was RMB 54 million, compared to a negative RMB 1.4 billion in 2020. Excluding share-based compensation expenses, adjusted operating profit (non-GAAP) was RMB117 million, compared to RMB1.3 billion in 2020, and operating profit from Legacy-Huazhu was RMB592 million, compared to an operating loss of RMB938 million in 2020.</p><p>In the first half of 2021, the operating profit margin was 0.9%, and the operating profit margin from Legacy-Huazhu was 10.7%, compared to -30.2% in 2020; Net profit attributable to Huazhu Group Co., Ltd. was RMB 130 million, compared to a negative RMB 2.7 billion in 2020; Basic and diluted earnings per share were RMB0.04; Cash inflow from operations was RMB281 million, compared to cash outflow of RMB834 million in 2020.</p><p>As at 30 June 2021, Huazhu had a total debt balance of RMB10.7 billion and available undrawn credit facilities of RMB6.8 billion.</p>","source":"gddcw","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>Huazhu Group's revenue in the second quarter was 3.6 billion yuan, an increase of 83.7% year-on-year.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHuazhu Group's revenue in the second quarter was 3.6 billion yuan, an increase of 83.7% year-on-year.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">观点地产网</strong><span class=\"h-time small\">2021-08-24 19:45</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On August 24,<a href=\"https://laohu8.com/S/HTHT\">Huazhu</a>The Group Limited released its unaudited financial results announcement for the second quarter and interim period of 2021, the resignation of directors, and overseas regulatory announcements.</p><p>According to Guandian Real Estate New Media, Ms. Zhang Min has resigned from her positions as director and vice chairman of Huazhu for personal reasons, effective August 24, 2021. Zhang Min has confirmed that she has no disagreements with the company's board of directors, and there are no matters related to her resignation that need to be brought to the attention of Huazhu shareholders or The Stock Exchange of Hong Kong Limited.</p><p>Financial reports show that as of June 30, 2021, Huazhu Group had 7,126 operating hotels (or 692,284 operating hotel rooms).</p><p><b>Second Quarter Results</b></p><p>In the second quarter, hotel revenue increased by 97.8% year-on-year to RMB13.1 billion. Excluding Steigenberger Hotels AG and its subsidiaries, hotel turnover in the second quarter increased by 95.2% year-on-year.</p><p><b>In the second quarter, revenue grew 83.7% year-over-year to RMB 3.6 billion, lower than the previously announced guidance of 87% to 89% revenue growth. Revenue from Legacy-Huazhu grew 84.6% year-over-year in the second quarter, lower than the previously announced guidance of 90% to 92% revenue growth.</b></p><p>In the second quarter of 2021, net profit attributable to Huazhu Group Co., Ltd. was RMB378 million (equivalent to US$59 million), compared to a net loss attributable to Huazhu Group Co., Ltd. of RMB548 million in the same period last year, compared to a net loss attributable to Huazhu Group Co., Ltd. of RMB248 million in the previous quarter.</p><p>Excluding share-based compensation expenses and unrealized gains (losses) arising from changes in the fair value of equity securities, the adjusted net profit attributable to Huazhu Group Co., Ltd. in the second quarter of 2021 (non-GAAP) was RMB464 million, compared to an adjusted net loss attributable to Huazhu Group Co., Ltd. in the second quarter of 2020 (non-GAAP) of RMB476 million.</p><p>In the second quarter of 2021, EBITDA (non-GAAP) was RMB957 million, compared to a negative RMB169 million in the second quarter of 2020.</p><p>Excluding share-based compensation expenses and unrealized gains (losses) arising from changes in the fair value of equity securities, adjusted EBITDA (non-GAAP) for the second quarter of 2021 was RMB1 billion, and adjusted EBITDA (non-GAAP) from Legacy-Huazhu was RMB1.1 billion.</p><p>In the third quarter of 2021, Huazhu expects revenue to grow by 8% to 12% compared to the third quarter of 2020, or by 4% to 8% if DH is not included. To provide more meaningful guidance without the impact of COVID-19, Huazhu expects revenue to grow by 12% to 16% compared to revenue in the third quarter of 2019 before COVID-19, or revenue to decrease by 3% to 7% if DH is excluded.</p><p><b>FIRST HALF</b></p><p>In the first half of 2021, Huazhu's revenue was RMB5.9 billion, representing a 49.1% increase compared to the first half of 2020, while revenue from Legacy-Huazhu was RMB5.5 billion, representing a 78.1% year-on-year increase. Revenue from leasing and owned hotels amounted to RMB3.7 billion, representing a year-on-year increase of 33.7%; Revenue from leasing and owned hotels of Legacy-Huazhu amounted to RMB3.3 billion, representing a year-on-year increase of 72.2%.</p><p>In the first half of 2021, operating profit was RMB 54 million, compared to a negative RMB 1.4 billion in 2020. Excluding share-based compensation expenses, adjusted operating profit (non-GAAP) was RMB117 million, compared to RMB1.3 billion in 2020, and operating profit from Legacy-Huazhu was RMB592 million, compared to an operating loss of RMB938 million in 2020.</p><p>In the first half of 2021, the operating profit margin was 0.9%, and the operating profit margin from Legacy-Huazhu was 10.7%, compared to -30.2% in 2020; Net profit attributable to Huazhu Group Co., Ltd. was RMB 130 million, compared to a negative RMB 2.7 billion in 2020; Basic and diluted earnings per share were RMB0.04; Cash inflow from operations was RMB281 million, compared to cash outflow of RMB834 million in 2020.</p><p>As at 30 June 2021, Huazhu had a total debt balance of RMB10.7 billion and available undrawn credit facilities of RMB6.8 billion.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.guandian.cn/article/20210824/269473.html\">观点地产网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6d1d788332afef7e8cc5c9600e293521","relate_stocks":{"01179":"华住集团-S","HTHT":"华住"},"source_url":"http://www.guandian.cn/article/20210824/269473.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187769359","content_text":"8月24日，华住集团有限公司发布2021年第二季度及中期未经审核财务业绩公告、董事辞任及海外监管公告。\n据观点地产新媒体了解，张敏女士已因个人理由，提出辞去华住董事及副主席职务，自2021年8月24日起生效。张敏已确认，其与公司董事会并无分歧，亦无有关其辞任的事项须提请华住股东或香港联合交易所有限公司垂注。\n财报显示，截至2021年6月30日，华住集团共有7126家在营酒店（或692,284间在营酒店客房）。\n二季度业绩\n于第二季度，酒店营业额同比增长97.8%至人民币131亿元。不计入Steigenberger Hotels AG及其附属公司，第二季度的酒店营业额按年增加95.2%。\n于第二季度，收入同比增长83.7%至人民币36亿元，低于先前公布的收入增长87%至89%的指引，第二季度来自Legacy-Huazhu的收入同比增长84.6%，低于先前公布的收入增长90%至92%的指引。\n于2021年第二季度，归属于华住集团有限公司净利润为人民币3.78亿元（相当于59百万美元），去年同期归属于华住集团有限公司净亏损人民币5.48亿元，而上一季度为归属于华住集团有限公司净亏损人民币2.48亿元。\n不计入股权激励费用及因股本证券公允价值变动而产生的未变现收益（亏损），2021年第二季度归属于华住集团有限公司的经调整净利润（非公认会计准则）为人民币4.64亿元，相比之下2020年第二季度为归属于华住集团有限公司的经调整净亏损（非公认会计准则）人民币4.76亿元。\n2021年第二季度，EBITDA（非公认会计准则）为人民币9.57亿元，相比之下2020年第二季度为负人民币1.69亿元。\n不计入股权激励费用及因股本证券公允价值变动而产生的未变现收益（亏损），2021年第二季度的经调整EBITDA（非公认会计准则）为人民币10亿元，来自Legacy-Huazhu的经调整EBITDA（非公认会计准则）为人民币11亿元。\n于2021年第三季度，华住预期收入将较2020年第三季度增长8%至12%，或增长4%至8%（倘不计入DH）。为了提供在撇除COVID-19的影响之情况下更有意义的指引，华住预期收入将较未发生COVID-19前的2019年第三季度的收入增长12%至16%，或收入减少3%至7%（倘不计入DH）。\n上半年业绩\n于2021年上半年，华住收入为人民币59亿元，较2020年上半年增长49.1%，来自Legacy-Huazhu的收入为人民币55亿元，同比增长78.1%；租赁及自有酒店的收入为人民币37亿元，同比增长33.7%；来自Legacy-Huazhu的租赁及自有酒店的收入为人民币33亿元，同比增长72.2%。\n2021年上半年，经营利润为人民币5400万元，相比之下2020年为负人民币14亿元。不计入股权激励费用，经调整经营利润（非公认会计准则）为人民币1.17亿元，相比之下2020年则为人民币13亿元，来自Legacy-Huazhu的经营利润为人民币5.92亿元，相比之下2020年则为经营亏损人民币9.38亿元。\n2021年上半年，经营利润率为0.9%，来自Legacy-Huazhu的经营利润率为10.7%，相比之下2020年为负30.2%；归属于华住集团有限公司的净利润为人民币1.30亿元，相比之下2020年为负人民币27亿元；每股股份的基本及摊薄盈利为人民币0.04元；经营现金流入为人民币2.81亿元，相比之下2020年则为现金流出人民币8.34亿元。\n于2021年6月30日，华住总债务余额为人民币107亿元及可使用的未动用信贷融资为人民币68亿元。","news_type":1,"symbols_score_info":{"HTHT":0.9,"01179":0.9}},"isVote":1,"tweetType":1,"viewCount":1762,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":836109118,"gmtCreate":1629461287134,"gmtModify":1676530048388,"author":{"id":"3572776965259682","authorId":"3572776965259682","name":"cheong6265","avatar":"https://static.tigerbbs.com/ca7e234da6cd2aa2bcbbd0ccbb67927e","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3572776965259682","idStr":"3572776965259682"},"themes":[],"title":"","htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/836109118","repostId":"2160711688","repostType":4,"repost":{"id":"2160711688","kind":"highlight","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":1629459351,"share":"https://ttm.financial/m/news/2160711688?lang=en_US&edition=fundamental","pubTime":"2021-08-20 19:35","market":"us","language":"zh","title":"T-Mobile claims hackers obtained data from another 5.3 million users.","url":"https://stock-news.laohu8.com/highlight/detail?id=2160711688","media":"Reuters","summary":"数以百万计的现有、旧有以及潜在客户受到影响的范围扩大。","content":"<p>Reuters, August 20 - T-Mobile, the third-largest wireless carrier in the United States, said on Friday that hackers had obtained the addresses, birthdays and phone numbers of another 5.3 million wireless users, expanding the scope of millions of existing, former and potential customers affected.</p><p>T-Mobile said earlier this week that the data and personal information of more than 40 million former and potential customers, as well as 7.8 million existing Mobile wireless customers, had been stolen. (over)</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>T-Mobile claims hackers obtained data from another 5.3 million users.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nT-Mobile claims hackers obtained data from another 5.3 million users.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\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 smaller\">2021-08-20 19:35</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Reuters, August 20 - T-Mobile, the third-largest wireless carrier in the United States, said on Friday that hackers had obtained the addresses, birthdays and phone numbers of another 5.3 million wireless users, expanding the scope of millions of existing, former and potential customers affected.</p><p>T-Mobile said earlier this week that the data and personal information of more than 40 million former and potential customers, as well as 7.8 million existing Mobile wireless customers, had been stolen. (over)</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b69383901ff0a1e57ebea280b613718c","relate_stocks":{"TMUSR":"T-Mobile US Inc","TMUS":"T-Mobile US Inc"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2160711688","content_text":"路透8月20日 - 美国第三大无线通讯运营商T-Mobile 周五表示，黑客已经取得另外530万名无线通讯用户的地址、生日及电话号码等资料，数以百万计的现有、旧有以及潜在客户受到影响的范围扩大。\n美国T-Mobile本周早些时候曾表示，超过4,000万名前客户和潜在客户、还有780万名现有的移动无线客户的数据个人资料被盗。(完)","news_type":1,"symbols_score_info":{"TMUSR":0.9,"TMUS":0.9}},"isVote":1,"tweetType":1,"viewCount":1682,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":838376561,"gmtCreate":1629378579753,"gmtModify":1676530020860,"author":{"id":"3572776965259682","authorId":"3572776965259682","name":"cheong6265","avatar":"https://static.tigerbbs.com/ca7e234da6cd2aa2bcbbd0ccbb67927e","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3572776965259682","idStr":"3572776965259682"},"themes":[],"title":"","htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/838376561","repostId":"1132455826","repostType":4,"repost":{"id":"1132455826","kind":"news","pubTimestamp":1629378280,"share":"https://ttm.financial/m/news/1132455826?lang=en_US&edition=fundamental","pubTime":"2021-08-19 21:04","market":"us","language":"zh","title":"Will the US stock market really fall if the Federal Reserve \"tightens monetary policy\"? How much did it fall?","url":"https://stock-news.laohu8.com/highlight/detail?id=1132455826","media":"格隆汇","summary":"美股可能受市场情绪影响短期下跌，但想要大跌下去的话，可能不会大。","content":"<p>A long-discussed taper issue has once again struck fear into global financial markets.</p><p>Following the release of the Federal Reserve meeting minutes, US stocks accelerated their decline late last night, triggering a major shock in global financial markets and causing commodities such as iron ore, energy, and non-ferrous metals to plummet across the board. This morning, Japanese and South Korean stock markets followed suit, falling sharply. Hong Kong stocks followed suit in the afternoon, and then...<b>European stock markets also suffered in the afternoon, and almost no financial market was spared.</b></p><p><img src=\"https://static.tigerbbs.com/d7c5fddb05c7caa94a3b1f6ec9c93df7\" tg-width=\"554\" tg-height=\"204\" referrerpolicy=\"no-referrer\"></p><p>In the released minutes of the Federal Reserve meeting, the Fed explicitly discussed Taper (tapering bond purchases) for the first time, and also included a special chapter on \"discussing asset purchases\".</p><p><b>From public discussion to the first official clarification and more specific timeline, this signal has become the source of almost all panic.</b></p><p>It seems that the earlier timing of the water withdrawal is a consensus conclusion, but the problem is that the Federal Reserve has been indecisive on this issue many times. This time, can it really press this \"nuclear button\" that may have been pressed long ago?</p><p><i><b>01</b></i><b>Persistently high inflation</b></p><p>The Fed's minutes did not make any detailed decisions, only stating that the price stability and employment targets were close to satisfactory levels. But as always, among the members \"<b>Remaining differences</b>The main problem is that many people still believe that \"<b>The rise in inflation is a temporary phenomenon</b>”。</p><p>To be honest, the Federal Reserve has recently been somewhat adhering to Keynesian principles, and will...<b>Full employment</b>\"Putting it first, inflation data now seems to have become a subsidiary.\"</p><p>The United States' loose monetary policy, massive fiscal subsidies, and recovering economy are continuously stimulating CPI growth. This indicator broke through the 2% threshold in March of this year, and the year-on-year growth rate in June and July reached a historical high of 5.4%, indicating that the economy is showing signs of overheating.</p><p><img src=\"https://static.tigerbbs.com/fed5b554b6bc3ec62446ff022141ee8c\" tg-width=\"444\" tg-height=\"217\" referrerpolicy=\"no-referrer\"></p><p>Americans are already suffering greatly from soaring prices. Although many residents can still receive generous unemployment benefits, the prices of consumer goods such as meat, fruits, and vegetables have skyrocketed, causing the purchasing power of the benefits to continue to decline.</p><p>The $1.2 trillion infrastructure and $3.5 trillion budget spending plans passed by the Senate will continue to stimulate the growth of infrastructure-related raw material prices in the United States and even globally, which has sown the seeds for further inflation in the future.</p><p>The supply shortage is also reflected in the PPI. In July, the PPI rose 7.8% year-on-year, and the gap between PPI and CPI continues to widen, squeezing corporate profits. This may be transmitted to consumer prices in the future.</p><p>Therefore, it seems<b>Inflationary pressures remain significant and may not fall back to normal levels as smoothly as expected. From this perspective, the instability of CPI growth will not be good news for either the economy or the stock market.</b></p><p>Logically, if inflation data is too high, the Federal Reserve should take tightening measures to control it, but the Fed has been slow to give clear instructions. Instead, they kept reassuring the market, saying that \"rate hike is still a long way off.\"</p><p>Behind this, in addition to the impact of the resurgence of the Delta epidemic, it is also related to the fact that the current rise and fall in employment data is not yet reassuring.</p><p><img src=\"https://static.tigerbbs.com/9e46fbe9106463d3d09556d36fbc3cd2\" tg-width=\"554\" tg-height=\"308\" referrerpolicy=\"no-referrer\"></p><p>But more importantly,<b>Strong medicine is a high-risk treatment that is a last resort for serious illnesses, and it does not guarantee a single victory without worries. Although the United States has achieved great results in supporting its economic recovery through massive monetary easing, it has sown significant side effects, including extremely high dependence and persistently high inflation.</b></p><p>This is precisely why the Federal Reserve has been hesitant and indecisive in its consideration of withdrawing water. Because it knows that once the drug is stopped, the cost could be very high.</p><p><i><b>02</b></i><b>Is the economy really overheating?</b></p><p>In fact, the strength of the US economy has not exceeded the Federal Reserve's expectations in some aspects, and there are contradictions between different data points.</p><p>First, the US manufacturing sector recovered steadily, with the manufacturing PMI reaching a new high of 63.40 in July, exceeding expectations.</p><p><b>However, the employment situation, which the Federal Reserve is most concerned about, does not seem to have yet reached its threshold.</b></p><p>Although the unemployment rate has declined significantly since the beginning of the year, now falling back to 5.4%, better than the expected 5.7%, it is still some distance from the 3-4% before the pandemic. In addition, in the week of August 12, the number of people applying for unemployment benefits for the first time was 375,000, which is still lower than the pre-pandemic average of 200,000.</p><p><img src=\"https://static.tigerbbs.com/93e549a63987d92ac38cbcdadb19aa84\" tg-width=\"340\" tg-height=\"224\" referrerpolicy=\"no-referrer\"></p><p>At the same time, the number of job vacancies is constantly increasing, which indicates that the increase in employment is not enough to meet the demand for jobs, and the imbalance between supply and demand in the labor market is becoming increasingly serious.</p><p>The $1.9 trillion bailout bill pushed by Biden in March did not end until September, allowing eligible residents to receive substantial relief payments. Some residents, thinking they can earn money passively, naturally lose interest in finding jobs. This, to some extent, has inhibited the recovery of the local job market, preventing the supply of enterprise products from rising, and keeping market supply and demand tight.</p><p><img src=\"https://static.tigerbbs.com/1df72758e634507d170c77cc7b60ecd1\" tg-width=\"406\" tg-height=\"267\" referrerpolicy=\"no-referrer\"></p><p>In addition, consumer data has not yet met expectations. The U.S. Department of Commerce recently released July retail sales data, which showed a 1.1% month-on-month decline, compared to a 0.6% increase in the previous month.</p><p>Since personal consumption expenditures account for approximately 70% of the total U.S. economy, this data is closely watched by the market as an indicator of the overall health of the economy. The sluggish growth in the data indicates that US consumption has not yet recovered to its original and expected growth momentum. If subsidies are stopped later, consumption may lose its growth momentum.</p><p><img src=\"https://static.tigerbbs.com/81c32bcf506c08d16090a67fb55ac030\" tg-width=\"473\" tg-height=\"272\" referrerpolicy=\"no-referrer\"></p><p>Since the pandemic, U.S. fiscal spending has been steadily increasing, reaching $7.7 trillion in fiscal year 2021, primarily for unemployment relief, nutrition assistance, and COVID-19 relief programs.</p><p>The Senate also recently passed Biden's $1.2 trillion infrastructure package and a $3.5 trillion budget plan primarily focused on poverty alleviation and climate improvement. If it passes the House of Representatives review smoothly in the later stages, the high fiscal expenditure will increase again.</p><p>In reality, Biden's overall policy does not deviate from the consistent philosophy of the Democratic Party, still stimulating the economy through high fiscal spending, and the sources of funds he relies on are bond issuance and tax increases. If tax increases cannot cover the aforementioned expenditures, then bond issuance will be the only option.</p><p>If the Federal Reserve keeps interest rates low, it will be more conducive to the implementation of a proactive fiscal policy.</p><p><img src=\"https://static.tigerbbs.com/6daf4374f269e5ac0784aed8157abc09\" tg-width=\"395\" tg-height=\"253\" referrerpolicy=\"no-referrer\"></p><p>According to research by Huaxi Securities, the United States experienced four interest rate cut cycles from 1984 to 2015. In all four periods, the Federal Reserve faced a significant economic downturn when it began cutting interest rates. Except for the period from 1984 to 1986, the economic recession occurred shortly after the interest rate cuts in the following three periods. However, in the middle and late stages of the interest rate cuts, the economy gradually recovered and regained growth momentum.</p><p><img src=\"https://static.tigerbbs.com/879dbfed5c68d676a0a4d688b52dd2a9\" tg-width=\"429\" tg-height=\"158\" referrerpolicy=\"no-referrer\"></p><p>Based on historical trajectories, the US rate hike should only arrive when the economy itself recovers to a stable and normal growth rate before rate hike. However, judging from the current performance (such as consumption and employment indicators), it may not be time to consider rate hike yet.</p><p><b>However, faced with high inflation, it may be inevitable for the Federal Reserve to shift to an anti-inflation model. The upcoming employment data will be crucial. If the unemployment rate falls back to around 5%, a taper will arrive quickly.</b></p><p><i><b>03</b></i><b>Will the US stock market plummet this time?</b></p><p>The question of whether the US stock market will jump has been discussed countless times, and has also been proven wrong countless times.</p><p>So far, apart from the sudden impact of the pandemic last year, the US stock market has been in a bull market for 12 years. Even against the backdrop of increasing calls for water consolidation and significant volatility in overseas markets, the three major indices continued to reach new highs.</p><p>But this time, compared to the past,<b>With a more complex macroeconomic environment, higher inflation, and a larger debt scale, if a tightening cycle truly begins, can the US stock market withstand it as before?</b></p><p>Finance is the most fundamental influencing factor of market fluctuations, which is the economic and liquidity aspects.</p><p>On the economic front, although there are many side effects and significant problems, the overall strong economic recovery in the United States is a certainty. The continuous economic recovery will definitely gradually be reflected in the performance growth of enterprises, which is also a force supporting corporate stock prices.</p><p>US stocks began to far exceed expectations in the first quarter. Major industries such as automobiles, durable goods, retail, media, finance, healthcare, information technology, and raw materials all saw very high year-on-year EPS growth. In addition to the low base caused by the impact of the pandemic last year, the rapid economic recovery also played a significant role.</p><p><b>In the second quarter, companies in many industries continued to maintain stronger-than-expected earnings growth.</b></p><p>Currently, institutions are forecasting a consistent earnings growth rate of 38% for US stocks in 2021 (50%+ in the first half of the year), and 2022 is expected to return to pre-pandemic levels. Although the high growth rate driven by last year's low base will decline month by month starting in the second half of the year, the market expects profit growth in the third quarter to still be 24%, which is still considerable overall.<b>Correspondingly, the current valuation of US stocks does not seem too expensive.</b></p><p>As of now, the P/E of the Dow Jones Industrial Average is 26.4 times, the Nasdaq Industrial Average is 40.3 times, and the S&P 500 is 27.2 times. Apart from the Nasdaq Industrial Average, it is generally not expensive compared to other major markets.</p><p>Furthermore, the current P/E of the major giants that hold a large weight are not high. Among the top 20 companies with the largest market capitalization, apart from Tesla, the valuations of the others are really low, exceeding many people's expectations.</p><p><img src=\"https://static.tigerbbs.com/329eb3056a9b9f6a55ff253a1f0bf801\" tg-width=\"554\" tg-height=\"458\" referrerpolicy=\"no-referrer\"></p><p>In terms of liquidity, even a slight tightening of liquidity by the US dollar, as a global currency anchor, has never been a major problem for US stocks because global funds will replenish themselves. This has happened countless times in the past. Unless the Federal Reserve tightens monetary policy drastically, the likelihood of a significant decline in US stocks is very small.</p><p>There have been numerous macroeconomic risk events in the past year, and the market has also experienced significant corrections. However, global funds still prefer larger stock markets, especially the US stock market, which has always been a top priority. In this situation, even if there is a bubble in the US stock market, it is unlikely that it will lose financial support, especially since the economic fundamentals are not bad.</p><p><img src=\"https://static.tigerbbs.com/8a966f1e4c95f2e2355d57a28159ecb3\" tg-width=\"431\" tg-height=\"361\" referrerpolicy=\"no-referrer\"></p><p>(Divergence in global market capital flows to stocks and bonds in 2021 - Source: Open Source Securities)</p><p>Overall, positive fundamentals, a still loose monetary environment, decent valuations, and the preferences of global funds—this is the underlying logic behind the fact that US stocks have always been more likely to rise than fall.</p><p>Under the current trend, these underlying factors have not changed, so US stocks may fall in the short term due to market sentiment, but the sharp drop may not be significant.</p>","source":"gelonghui_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Will the US stock market really fall if the Federal Reserve \"tightens monetary policy\"? How much did it fall?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill the US stock market really fall if the Federal Reserve \"tightens monetary policy\"? How much did it fall?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">格隆汇</strong><span class=\"h-time small\">2021-08-19 21:04</span>\n</p>\n</h4>\n</header>\n<article>\n<p>A long-discussed taper issue has once again struck fear into global financial markets.</p><p>Following the release of the Federal Reserve meeting minutes, US stocks accelerated their decline late last night, triggering a major shock in global financial markets and causing commodities such as iron ore, energy, and non-ferrous metals to plummet across the board. This morning, Japanese and South Korean stock markets followed suit, falling sharply. Hong Kong stocks followed suit in the afternoon, and then...<b>European stock markets also suffered in the afternoon, and almost no financial market was spared.</b></p><p><img src=\"https://static.tigerbbs.com/d7c5fddb05c7caa94a3b1f6ec9c93df7\" tg-width=\"554\" tg-height=\"204\" referrerpolicy=\"no-referrer\"></p><p>In the released minutes of the Federal Reserve meeting, the Fed explicitly discussed Taper (tapering bond purchases) for the first time, and also included a special chapter on \"discussing asset purchases\".</p><p><b>From public discussion to the first official clarification and more specific timeline, this signal has become the source of almost all panic.</b></p><p>It seems that the earlier timing of the water withdrawal is a consensus conclusion, but the problem is that the Federal Reserve has been indecisive on this issue many times. This time, can it really press this \"nuclear button\" that may have been pressed long ago?</p><p><i><b>01</b></i><b>Persistently high inflation</b></p><p>The Fed's minutes did not make any detailed decisions, only stating that the price stability and employment targets were close to satisfactory levels. But as always, among the members \"<b>Remaining differences</b>The main problem is that many people still believe that \"<b>The rise in inflation is a temporary phenomenon</b>”。</p><p>To be honest, the Federal Reserve has recently been somewhat adhering to Keynesian principles, and will...<b>Full employment</b>\"Putting it first, inflation data now seems to have become a subsidiary.\"</p><p>The United States' loose monetary policy, massive fiscal subsidies, and recovering economy are continuously stimulating CPI growth. This indicator broke through the 2% threshold in March of this year, and the year-on-year growth rate in June and July reached a historical high of 5.4%, indicating that the economy is showing signs of overheating.</p><p><img src=\"https://static.tigerbbs.com/fed5b554b6bc3ec62446ff022141ee8c\" tg-width=\"444\" tg-height=\"217\" referrerpolicy=\"no-referrer\"></p><p>Americans are already suffering greatly from soaring prices. Although many residents can still receive generous unemployment benefits, the prices of consumer goods such as meat, fruits, and vegetables have skyrocketed, causing the purchasing power of the benefits to continue to decline.</p><p>The $1.2 trillion infrastructure and $3.5 trillion budget spending plans passed by the Senate will continue to stimulate the growth of infrastructure-related raw material prices in the United States and even globally, which has sown the seeds for further inflation in the future.</p><p>The supply shortage is also reflected in the PPI. In July, the PPI rose 7.8% year-on-year, and the gap between PPI and CPI continues to widen, squeezing corporate profits. This may be transmitted to consumer prices in the future.</p><p>Therefore, it seems<b>Inflationary pressures remain significant and may not fall back to normal levels as smoothly as expected. From this perspective, the instability of CPI growth will not be good news for either the economy or the stock market.</b></p><p>Logically, if inflation data is too high, the Federal Reserve should take tightening measures to control it, but the Fed has been slow to give clear instructions. Instead, they kept reassuring the market, saying that \"rate hike is still a long way off.\"</p><p>Behind this, in addition to the impact of the resurgence of the Delta epidemic, it is also related to the fact that the current rise and fall in employment data is not yet reassuring.</p><p><img src=\"https://static.tigerbbs.com/9e46fbe9106463d3d09556d36fbc3cd2\" tg-width=\"554\" tg-height=\"308\" referrerpolicy=\"no-referrer\"></p><p>But more importantly,<b>Strong medicine is a high-risk treatment that is a last resort for serious illnesses, and it does not guarantee a single victory without worries. Although the United States has achieved great results in supporting its economic recovery through massive monetary easing, it has sown significant side effects, including extremely high dependence and persistently high inflation.</b></p><p>This is precisely why the Federal Reserve has been hesitant and indecisive in its consideration of withdrawing water. Because it knows that once the drug is stopped, the cost could be very high.</p><p><i><b>02</b></i><b>Is the economy really overheating?</b></p><p>In fact, the strength of the US economy has not exceeded the Federal Reserve's expectations in some aspects, and there are contradictions between different data points.</p><p>First, the US manufacturing sector recovered steadily, with the manufacturing PMI reaching a new high of 63.40 in July, exceeding expectations.</p><p><b>However, the employment situation, which the Federal Reserve is most concerned about, does not seem to have yet reached its threshold.</b></p><p>Although the unemployment rate has declined significantly since the beginning of the year, now falling back to 5.4%, better than the expected 5.7%, it is still some distance from the 3-4% before the pandemic. In addition, in the week of August 12, the number of people applying for unemployment benefits for the first time was 375,000, which is still lower than the pre-pandemic average of 200,000.</p><p><img src=\"https://static.tigerbbs.com/93e549a63987d92ac38cbcdadb19aa84\" tg-width=\"340\" tg-height=\"224\" referrerpolicy=\"no-referrer\"></p><p>At the same time, the number of job vacancies is constantly increasing, which indicates that the increase in employment is not enough to meet the demand for jobs, and the imbalance between supply and demand in the labor market is becoming increasingly serious.</p><p>The $1.9 trillion bailout bill pushed by Biden in March did not end until September, allowing eligible residents to receive substantial relief payments. Some residents, thinking they can earn money passively, naturally lose interest in finding jobs. This, to some extent, has inhibited the recovery of the local job market, preventing the supply of enterprise products from rising, and keeping market supply and demand tight.</p><p><img src=\"https://static.tigerbbs.com/1df72758e634507d170c77cc7b60ecd1\" tg-width=\"406\" tg-height=\"267\" referrerpolicy=\"no-referrer\"></p><p>In addition, consumer data has not yet met expectations. The U.S. Department of Commerce recently released July retail sales data, which showed a 1.1% month-on-month decline, compared to a 0.6% increase in the previous month.</p><p>Since personal consumption expenditures account for approximately 70% of the total U.S. economy, this data is closely watched by the market as an indicator of the overall health of the economy. The sluggish growth in the data indicates that US consumption has not yet recovered to its original and expected growth momentum. If subsidies are stopped later, consumption may lose its growth momentum.</p><p><img src=\"https://static.tigerbbs.com/81c32bcf506c08d16090a67fb55ac030\" tg-width=\"473\" tg-height=\"272\" referrerpolicy=\"no-referrer\"></p><p>Since the pandemic, U.S. fiscal spending has been steadily increasing, reaching $7.7 trillion in fiscal year 2021, primarily for unemployment relief, nutrition assistance, and COVID-19 relief programs.</p><p>The Senate also recently passed Biden's $1.2 trillion infrastructure package and a $3.5 trillion budget plan primarily focused on poverty alleviation and climate improvement. If it passes the House of Representatives review smoothly in the later stages, the high fiscal expenditure will increase again.</p><p>In reality, Biden's overall policy does not deviate from the consistent philosophy of the Democratic Party, still stimulating the economy through high fiscal spending, and the sources of funds he relies on are bond issuance and tax increases. If tax increases cannot cover the aforementioned expenditures, then bond issuance will be the only option.</p><p>If the Federal Reserve keeps interest rates low, it will be more conducive to the implementation of a proactive fiscal policy.</p><p><img src=\"https://static.tigerbbs.com/6daf4374f269e5ac0784aed8157abc09\" tg-width=\"395\" tg-height=\"253\" referrerpolicy=\"no-referrer\"></p><p>According to research by Huaxi Securities, the United States experienced four interest rate cut cycles from 1984 to 2015. In all four periods, the Federal Reserve faced a significant economic downturn when it began cutting interest rates. Except for the period from 1984 to 1986, the economic recession occurred shortly after the interest rate cuts in the following three periods. However, in the middle and late stages of the interest rate cuts, the economy gradually recovered and regained growth momentum.</p><p><img src=\"https://static.tigerbbs.com/879dbfed5c68d676a0a4d688b52dd2a9\" tg-width=\"429\" tg-height=\"158\" referrerpolicy=\"no-referrer\"></p><p>Based on historical trajectories, the US rate hike should only arrive when the economy itself recovers to a stable and normal growth rate before rate hike. However, judging from the current performance (such as consumption and employment indicators), it may not be time to consider rate hike yet.</p><p><b>However, faced with high inflation, it may be inevitable for the Federal Reserve to shift to an anti-inflation model. The upcoming employment data will be crucial. If the unemployment rate falls back to around 5%, a taper will arrive quickly.</b></p><p><i><b>03</b></i><b>Will the US stock market plummet this time?</b></p><p>The question of whether the US stock market will jump has been discussed countless times, and has also been proven wrong countless times.</p><p>So far, apart from the sudden impact of the pandemic last year, the US stock market has been in a bull market for 12 years. Even against the backdrop of increasing calls for water consolidation and significant volatility in overseas markets, the three major indices continued to reach new highs.</p><p>But this time, compared to the past,<b>With a more complex macroeconomic environment, higher inflation, and a larger debt scale, if a tightening cycle truly begins, can the US stock market withstand it as before?</b></p><p>Finance is the most fundamental influencing factor of market fluctuations, which is the economic and liquidity aspects.</p><p>On the economic front, although there are many side effects and significant problems, the overall strong economic recovery in the United States is a certainty. The continuous economic recovery will definitely gradually be reflected in the performance growth of enterprises, which is also a force supporting corporate stock prices.</p><p>US stocks began to far exceed expectations in the first quarter. Major industries such as automobiles, durable goods, retail, media, finance, healthcare, information technology, and raw materials all saw very high year-on-year EPS growth. In addition to the low base caused by the impact of the pandemic last year, the rapid economic recovery also played a significant role.</p><p><b>In the second quarter, companies in many industries continued to maintain stronger-than-expected earnings growth.</b></p><p>Currently, institutions are forecasting a consistent earnings growth rate of 38% for US stocks in 2021 (50%+ in the first half of the year), and 2022 is expected to return to pre-pandemic levels. Although the high growth rate driven by last year's low base will decline month by month starting in the second half of the year, the market expects profit growth in the third quarter to still be 24%, which is still considerable overall.<b>Correspondingly, the current valuation of US stocks does not seem too expensive.</b></p><p>As of now, the P/E of the Dow Jones Industrial Average is 26.4 times, the Nasdaq Industrial Average is 40.3 times, and the S&P 500 is 27.2 times. Apart from the Nasdaq Industrial Average, it is generally not expensive compared to other major markets.</p><p>Furthermore, the current P/E of the major giants that hold a large weight are not high. Among the top 20 companies with the largest market capitalization, apart from Tesla, the valuations of the others are really low, exceeding many people's expectations.</p><p><img src=\"https://static.tigerbbs.com/329eb3056a9b9f6a55ff253a1f0bf801\" tg-width=\"554\" tg-height=\"458\" referrerpolicy=\"no-referrer\"></p><p>In terms of liquidity, even a slight tightening of liquidity by the US dollar, as a global currency anchor, has never been a major problem for US stocks because global funds will replenish themselves. This has happened countless times in the past. Unless the Federal Reserve tightens monetary policy drastically, the likelihood of a significant decline in US stocks is very small.</p><p>There have been numerous macroeconomic risk events in the past year, and the market has also experienced significant corrections. However, global funds still prefer larger stock markets, especially the US stock market, which has always been a top priority. In this situation, even if there is a bubble in the US stock market, it is unlikely that it will lose financial support, especially since the economic fundamentals are not bad.</p><p><img src=\"https://static.tigerbbs.com/8a966f1e4c95f2e2355d57a28159ecb3\" tg-width=\"431\" tg-height=\"361\" referrerpolicy=\"no-referrer\"></p><p>(Divergence in global market capital flows to stocks and bonds in 2021 - Source: Open Source Securities)</p><p>Overall, positive fundamentals, a still loose monetary environment, decent valuations, and the preferences of global funds—this is the underlying logic behind the fact that US stocks have always been more likely to rise than fall.</p><p>Under the current trend, these underlying factors have not changed, so US stocks may fall in the short term due to market sentiment, but the sharp drop may not be significant.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.gelonghui.com/p/481954\">格隆汇</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/347452cc99fb488c45ccd900fcf3aa20","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.gelonghui.com/p/481954","is_english":false,"share_image_url":"https://static.laohu8.com/6b8fa6424aebe95f6781d04ef17a1852","article_id":"1132455826","content_text":"一个讨论已久的taper问题，让全球金融市场再一次闻风丧胆。\n美联储的会议纪要公布后，美股昨晚尾盘的加速下探，进而引发全球金融市场巨震，连带铁矿、能源、有色等大宗商品全线暴跌。今天早上日韩股市跟随大跌，午后港股午盘接力，然后下午欧洲股市也跟着遭殃，全金融市场，几乎无一幸免。\n\n在公布的美联储会议纪要中，美联储首次明确讨论Taper（缩减购债），还在专门设了一个“讨论购买资产”的内容章节。\n从民间讨论，到官方首次明确，并给出更加具体的时间，这个信号几成为一切恐慌的来源。\n似乎收水时间提前已是共识性结论，但问题是，美联储在这个问题上已经多次态度飘忽不定，这一次，它真能不顾一切摁下这个可能早就改摁的“核按钮”吗？\n01高烧不退的通胀\n美联储的这个纪要并没有做出任何细节的决定，只是说就着价格稳定目标、就业目标方面已经接近让人满意的水平。但一如既往的，成员间“还存在的分歧”，主要问题在于很多人还是认为“通胀的上涨是暂时的现象”。\n说实在的，美联储最近有些坚守凯恩斯主义的意思，将“充分就业”放在了首位，通胀数据如今好像成了附庸。\n美国宽松的货币政策、巨量的财政补贴、复苏的经济不断刺激着CPI的增长，该指标自今年3月就突破2%的门槛，6、7月的同比增速更是到达了历史高位5.4%，经济呈现复苏过热的苗头。\n\n美国民众对着日益高涨的物价，早也苦不堪言，虽然还有很多居民可以领取丰厚的失业救助金，但生活消费品如肉类、水果、蔬菜等价格都出现疯狂飙升，让救助金的购买力不断下降。\n而如今参议院已通过的1.2万亿基建和3.5万亿美元的预算开支计划也还将持续不断地刺激着美国甚至全球基建相关的原材料价格的增长，这给未来通胀的进一步上涨埋下了可能。\n供应紧缺方面其实在PPI上也有体现，7月PPI同比上涨7.8%，PPI和CPI之间差距不断扩大，企业利润情况受到压缩，后期可能会传导至消费端价格。\n由此看来，通胀的压力还是很大的，不一定能和预期一样平稳回落至正常水平，从这方面判断，CPI增速的不稳定性对于经济和股市都将不是利好的信息。\n按理说通胀数据过高，美联储就应该采用紧缩措施进行控制，但美联储迟迟未给出明确指示。而是不断安抚市场说“距离加息还很遥远”。\n这背后，除了德尔塔疫情再爆发的影响，也与目前就业数据的涨跌尚未能让人放心有关。\n\n但更主要的，重病下猛药实为不得已的高风险疗法，并不是一招致胜就后顾无忧。现在美国通过超大规模放水“吃猛药”扶持起立的经济复苏，虽然有了极大的成效，但埋下的后遗症却是极大，一个是依赖性极强，另一个是通胀高烧不退。\n正是如此，美联储在收水的考虑上，才一直飘忽不定，犹豫不决。因为它深知一旦药停，代价可能非常大。\n02经济真的过热了吗？\n其实美国经济的强度在一些表现上还没强到超出美联储的预期，不同的数据之间存在着矛盾。\n首先是美国制造业稳健恢复，7月份制造业PMI录得新高63.40，超出预期。\n但美联储最关注的就业方面的情况好像还没有触及其门槛。\n虽然自年初以来失业率下降明显，现回落至5.4%的水平，优于预期5.7%，但是和疫情前的3-4%还是有一定的距离。另外8月12日当周，首次申请失业金人数为37.5万人，距离疫情前平均水平20万人还是有差距。\n\n同时，职位空缺的数量不断增大，这说明就业的增量还不足以补足岗位的需求，劳动力市场的供需不平衡的情况日益严重。\n而拜登3月推动的1.9万亿美元纾困法案至9月才停止，符合资格的居民可以领取高额的救济金。部分居民想着能躺着挣钱，当然对找工作没了想法，这就从某种程度上抑制了本土就业市场的恢复，使得企业产品的供应上不来，市场供需依旧紧张。\n\n此外，消费数据还没有达到预期，美国商务部日前公布7月零售销售数据，环比下降1.1%，，前值为增长0.6%。\n由于个人消费支出占美国经济总量的约70%，该数据作为衡量整体经济健康状况的指标受到市场密切关注。而数据的增长乏力，说明了美国消费还没有恢复原本的和预期的增长力度。后期如果停止了补助，消费可能会丧失增长动力。\n\n自疫情以来，美国财政支出规模不断增加，2021财年美国财政支出高达7.7万亿美元，支出主要用于失业救济、营养援助和新冠救援项目。\n参议院还在近日通过了拜登的1.2万亿美元的一揽子基建计划和主要致力于反贫困和改善气候环境3.5万亿的预算计划。若是在后期顺利通过众议院审核，那高额的财政支出又将拔高。\n实际上拜登的整体施政方针并没有超出民主党一贯的理念，依旧是通过高额的财政支出拉动经济，而其所依靠的资金来源就是通过发债及加税。如果加税没有办法弥补上述的支出金额，那只能又靠发债。\n而若美联储将利率保持较低利率，会更有利于积极财政政策实施。\n\n根据华西证券的研究，美国从1984年至2015年曾经历过四次降息周期。这四个时期，美联储开始降息时都面临着较大的经济下行。除了1984-1986这个时期，后面三个时期在降息不久后，都出现了经济衰退，而到降息中后期，经济逐渐得到恢复，重获增长动力。\n\n那用历史的轨迹推至今日，美国加息应该在经济自身恢复稳定正常的增速时，加息的脚步才会到来，而从现在的表现来说（比如消费、就业方面的指标）可能还没到达考虑加息的时刻。\n但面对高额的通胀率，美联储向抗通胀模式转向可能是不可避免，接下来的就业数据将是关键，若是失业率回落至5%左右，taper将会快速到来。\n03这一次美股会大跌吗？\n关于美股会不会蹦的话题，大家已经被讨论过了无数次，也被打脸了无数次。\n美股到现在为止，除了去年的疫情突发冲击，到如今已经长达12年的大牛市行情。即使是在收水呼声不断提升，海外市场明显震荡的背景下，三大指数依然不断创出新高。\n但这一次相比以往，是更复杂的宏观环境，更高的通胀问题以及更大的债务规模，如果真是一个收水周期的开始，美股还能一如既往扛得住吗？\n金融是市场的波动最底层的影响因素是经济面和流动性层面。\n在经济面，虽然一些副作用挺多问题也挺大，但总体上美国的经济强势复苏是确定性方向，经济不断复苏肯定会逐渐反应在企业层面的业绩增长，这也是支撑企业股价的力量。\n美股的一季度整体业绩就开始大超预期，包括汽车、耐用品、零售、媒体、金融、医疗保健、信息科技、原材料等主要行业的EPS同比增速都非常高，除了去年疫情冲击导致的低基数外，经济快速复苏也有很大作用。\n二季度，很多行业公司表现出来的业绩增长也继续维持超预期的强劲。\n现在机构对美股2021年的盈利一致性预期增速高达38%（上半年50%+），2022年有望回归疫情之前的水平。虽然下半年开始由去年低基数带来的高增速会逐月回落，但市场预期预计三季度盈利增速依然有24%，整体依然可观，对应下来，美股当下的估值并不显得太贵了。\n截止目前，美股道指的市盈率26.4倍，纳指40.3倍，标普500的指数27.2倍，除了纳指，总体上相对其他主要市场并不算贵。\n并且占据大权重的各大超级巨头目前的市盈率也并不高，市值最大的前top20中，除了特斯拉外，其余的估值真的还很低，超出很多人的意料。\n\n在流动性方面，实际上，美元的作为全球货币锚，即使是小幅度收紧流动性，其实对美股来说从来不是大问题，因为全球资金会回补，这个事情在过去发生过无数次了。除非美联储要超大幅度收水，否则美股出现大幅度下跌的可能性会非常小。\n近一年来的宏观风险事件非常多，市场也不乏大幅度回调，但全球的资金依然偏好更大的股市，尤其美股市场，一直是重中之重。这种情况下，美股就算有泡沫，也很难会失去资金支持，何况经济基本面趋势并不算差。\n\n（2021年全球市场资金股债流向分化    来源：开源证券）\n总体看，向好的基本面，加依然宽松的货币环境，加过得去的估值，加全球资金的偏好，这就是美股一直易涨难跌的底层逻辑。\n当前趋势下，这些底层因素还没有发生转变，所以美股可能受市场情绪影响短期下跌，但想要大跌下去的话，可能不会大。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1689,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":838376561,"gmtCreate":1629378579753,"gmtModify":1676530020860,"author":{"id":"3572776965259682","authorId":"3572776965259682","name":"cheong6265","avatar":"https://static.tigerbbs.com/ca7e234da6cd2aa2bcbbd0ccbb67927e","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3572776965259682","idStr":"3572776965259682"},"themes":[],"title":"","htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/838376561","repostId":"1132455826","repostType":4,"repost":{"id":"1132455826","kind":"news","pubTimestamp":1629378280,"share":"https://ttm.financial/m/news/1132455826?lang=en_US&edition=fundamental","pubTime":"2021-08-19 21:04","market":"us","language":"zh","title":"Will the US stock market really fall if the Federal Reserve \"tightens monetary policy\"? How much did it fall?","url":"https://stock-news.laohu8.com/highlight/detail?id=1132455826","media":"格隆汇","summary":"美股可能受市场情绪影响短期下跌，但想要大跌下去的话，可能不会大。","content":"<p>A long-discussed taper issue has once again struck fear into global financial markets.</p><p>Following the release of the Federal Reserve meeting minutes, US stocks accelerated their decline late last night, triggering a major shock in global financial markets and causing commodities such as iron ore, energy, and non-ferrous metals to plummet across the board. This morning, Japanese and South Korean stock markets followed suit, falling sharply. Hong Kong stocks followed suit in the afternoon, and then...<b>European stock markets also suffered in the afternoon, and almost no financial market was spared.</b></p><p><img src=\"https://static.tigerbbs.com/d7c5fddb05c7caa94a3b1f6ec9c93df7\" tg-width=\"554\" tg-height=\"204\" referrerpolicy=\"no-referrer\"></p><p>In the released minutes of the Federal Reserve meeting, the Fed explicitly discussed Taper (tapering bond purchases) for the first time, and also included a special chapter on \"discussing asset purchases\".</p><p><b>From public discussion to the first official clarification and more specific timeline, this signal has become the source of almost all panic.</b></p><p>It seems that the earlier timing of the water withdrawal is a consensus conclusion, but the problem is that the Federal Reserve has been indecisive on this issue many times. This time, can it really press this \"nuclear button\" that may have been pressed long ago?</p><p><i><b>01</b></i><b>Persistently high inflation</b></p><p>The Fed's minutes did not make any detailed decisions, only stating that the price stability and employment targets were close to satisfactory levels. But as always, among the members \"<b>Remaining differences</b>The main problem is that many people still believe that \"<b>The rise in inflation is a temporary phenomenon</b>”。</p><p>To be honest, the Federal Reserve has recently been somewhat adhering to Keynesian principles, and will...<b>Full employment</b>\"Putting it first, inflation data now seems to have become a subsidiary.\"</p><p>The United States' loose monetary policy, massive fiscal subsidies, and recovering economy are continuously stimulating CPI growth. This indicator broke through the 2% threshold in March of this year, and the year-on-year growth rate in June and July reached a historical high of 5.4%, indicating that the economy is showing signs of overheating.</p><p><img src=\"https://static.tigerbbs.com/fed5b554b6bc3ec62446ff022141ee8c\" tg-width=\"444\" tg-height=\"217\" referrerpolicy=\"no-referrer\"></p><p>Americans are already suffering greatly from soaring prices. Although many residents can still receive generous unemployment benefits, the prices of consumer goods such as meat, fruits, and vegetables have skyrocketed, causing the purchasing power of the benefits to continue to decline.</p><p>The $1.2 trillion infrastructure and $3.5 trillion budget spending plans passed by the Senate will continue to stimulate the growth of infrastructure-related raw material prices in the United States and even globally, which has sown the seeds for further inflation in the future.</p><p>The supply shortage is also reflected in the PPI. In July, the PPI rose 7.8% year-on-year, and the gap between PPI and CPI continues to widen, squeezing corporate profits. This may be transmitted to consumer prices in the future.</p><p>Therefore, it seems<b>Inflationary pressures remain significant and may not fall back to normal levels as smoothly as expected. From this perspective, the instability of CPI growth will not be good news for either the economy or the stock market.</b></p><p>Logically, if inflation data is too high, the Federal Reserve should take tightening measures to control it, but the Fed has been slow to give clear instructions. Instead, they kept reassuring the market, saying that \"rate hike is still a long way off.\"</p><p>Behind this, in addition to the impact of the resurgence of the Delta epidemic, it is also related to the fact that the current rise and fall in employment data is not yet reassuring.</p><p><img src=\"https://static.tigerbbs.com/9e46fbe9106463d3d09556d36fbc3cd2\" tg-width=\"554\" tg-height=\"308\" referrerpolicy=\"no-referrer\"></p><p>But more importantly,<b>Strong medicine is a high-risk treatment that is a last resort for serious illnesses, and it does not guarantee a single victory without worries. Although the United States has achieved great results in supporting its economic recovery through massive monetary easing, it has sown significant side effects, including extremely high dependence and persistently high inflation.</b></p><p>This is precisely why the Federal Reserve has been hesitant and indecisive in its consideration of withdrawing water. Because it knows that once the drug is stopped, the cost could be very high.</p><p><i><b>02</b></i><b>Is the economy really overheating?</b></p><p>In fact, the strength of the US economy has not exceeded the Federal Reserve's expectations in some aspects, and there are contradictions between different data points.</p><p>First, the US manufacturing sector recovered steadily, with the manufacturing PMI reaching a new high of 63.40 in July, exceeding expectations.</p><p><b>However, the employment situation, which the Federal Reserve is most concerned about, does not seem to have yet reached its threshold.</b></p><p>Although the unemployment rate has declined significantly since the beginning of the year, now falling back to 5.4%, better than the expected 5.7%, it is still some distance from the 3-4% before the pandemic. In addition, in the week of August 12, the number of people applying for unemployment benefits for the first time was 375,000, which is still lower than the pre-pandemic average of 200,000.</p><p><img src=\"https://static.tigerbbs.com/93e549a63987d92ac38cbcdadb19aa84\" tg-width=\"340\" tg-height=\"224\" referrerpolicy=\"no-referrer\"></p><p>At the same time, the number of job vacancies is constantly increasing, which indicates that the increase in employment is not enough to meet the demand for jobs, and the imbalance between supply and demand in the labor market is becoming increasingly serious.</p><p>The $1.9 trillion bailout bill pushed by Biden in March did not end until September, allowing eligible residents to receive substantial relief payments. Some residents, thinking they can earn money passively, naturally lose interest in finding jobs. This, to some extent, has inhibited the recovery of the local job market, preventing the supply of enterprise products from rising, and keeping market supply and demand tight.</p><p><img src=\"https://static.tigerbbs.com/1df72758e634507d170c77cc7b60ecd1\" tg-width=\"406\" tg-height=\"267\" referrerpolicy=\"no-referrer\"></p><p>In addition, consumer data has not yet met expectations. The U.S. Department of Commerce recently released July retail sales data, which showed a 1.1% month-on-month decline, compared to a 0.6% increase in the previous month.</p><p>Since personal consumption expenditures account for approximately 70% of the total U.S. economy, this data is closely watched by the market as an indicator of the overall health of the economy. The sluggish growth in the data indicates that US consumption has not yet recovered to its original and expected growth momentum. If subsidies are stopped later, consumption may lose its growth momentum.</p><p><img src=\"https://static.tigerbbs.com/81c32bcf506c08d16090a67fb55ac030\" tg-width=\"473\" tg-height=\"272\" referrerpolicy=\"no-referrer\"></p><p>Since the pandemic, U.S. fiscal spending has been steadily increasing, reaching $7.7 trillion in fiscal year 2021, primarily for unemployment relief, nutrition assistance, and COVID-19 relief programs.</p><p>The Senate also recently passed Biden's $1.2 trillion infrastructure package and a $3.5 trillion budget plan primarily focused on poverty alleviation and climate improvement. If it passes the House of Representatives review smoothly in the later stages, the high fiscal expenditure will increase again.</p><p>In reality, Biden's overall policy does not deviate from the consistent philosophy of the Democratic Party, still stimulating the economy through high fiscal spending, and the sources of funds he relies on are bond issuance and tax increases. If tax increases cannot cover the aforementioned expenditures, then bond issuance will be the only option.</p><p>If the Federal Reserve keeps interest rates low, it will be more conducive to the implementation of a proactive fiscal policy.</p><p><img src=\"https://static.tigerbbs.com/6daf4374f269e5ac0784aed8157abc09\" tg-width=\"395\" tg-height=\"253\" referrerpolicy=\"no-referrer\"></p><p>According to research by Huaxi Securities, the United States experienced four interest rate cut cycles from 1984 to 2015. In all four periods, the Federal Reserve faced a significant economic downturn when it began cutting interest rates. Except for the period from 1984 to 1986, the economic recession occurred shortly after the interest rate cuts in the following three periods. However, in the middle and late stages of the interest rate cuts, the economy gradually recovered and regained growth momentum.</p><p><img src=\"https://static.tigerbbs.com/879dbfed5c68d676a0a4d688b52dd2a9\" tg-width=\"429\" tg-height=\"158\" referrerpolicy=\"no-referrer\"></p><p>Based on historical trajectories, the US rate hike should only arrive when the economy itself recovers to a stable and normal growth rate before rate hike. However, judging from the current performance (such as consumption and employment indicators), it may not be time to consider rate hike yet.</p><p><b>However, faced with high inflation, it may be inevitable for the Federal Reserve to shift to an anti-inflation model. The upcoming employment data will be crucial. If the unemployment rate falls back to around 5%, a taper will arrive quickly.</b></p><p><i><b>03</b></i><b>Will the US stock market plummet this time?</b></p><p>The question of whether the US stock market will jump has been discussed countless times, and has also been proven wrong countless times.</p><p>So far, apart from the sudden impact of the pandemic last year, the US stock market has been in a bull market for 12 years. Even against the backdrop of increasing calls for water consolidation and significant volatility in overseas markets, the three major indices continued to reach new highs.</p><p>But this time, compared to the past,<b>With a more complex macroeconomic environment, higher inflation, and a larger debt scale, if a tightening cycle truly begins, can the US stock market withstand it as before?</b></p><p>Finance is the most fundamental influencing factor of market fluctuations, which is the economic and liquidity aspects.</p><p>On the economic front, although there are many side effects and significant problems, the overall strong economic recovery in the United States is a certainty. The continuous economic recovery will definitely gradually be reflected in the performance growth of enterprises, which is also a force supporting corporate stock prices.</p><p>US stocks began to far exceed expectations in the first quarter. Major industries such as automobiles, durable goods, retail, media, finance, healthcare, information technology, and raw materials all saw very high year-on-year EPS growth. In addition to the low base caused by the impact of the pandemic last year, the rapid economic recovery also played a significant role.</p><p><b>In the second quarter, companies in many industries continued to maintain stronger-than-expected earnings growth.</b></p><p>Currently, institutions are forecasting a consistent earnings growth rate of 38% for US stocks in 2021 (50%+ in the first half of the year), and 2022 is expected to return to pre-pandemic levels. Although the high growth rate driven by last year's low base will decline month by month starting in the second half of the year, the market expects profit growth in the third quarter to still be 24%, which is still considerable overall.<b>Correspondingly, the current valuation of US stocks does not seem too expensive.</b></p><p>As of now, the P/E of the Dow Jones Industrial Average is 26.4 times, the Nasdaq Industrial Average is 40.3 times, and the S&P 500 is 27.2 times. Apart from the Nasdaq Industrial Average, it is generally not expensive compared to other major markets.</p><p>Furthermore, the current P/E of the major giants that hold a large weight are not high. Among the top 20 companies with the largest market capitalization, apart from Tesla, the valuations of the others are really low, exceeding many people's expectations.</p><p><img src=\"https://static.tigerbbs.com/329eb3056a9b9f6a55ff253a1f0bf801\" tg-width=\"554\" tg-height=\"458\" referrerpolicy=\"no-referrer\"></p><p>In terms of liquidity, even a slight tightening of liquidity by the US dollar, as a global currency anchor, has never been a major problem for US stocks because global funds will replenish themselves. This has happened countless times in the past. Unless the Federal Reserve tightens monetary policy drastically, the likelihood of a significant decline in US stocks is very small.</p><p>There have been numerous macroeconomic risk events in the past year, and the market has also experienced significant corrections. However, global funds still prefer larger stock markets, especially the US stock market, which has always been a top priority. In this situation, even if there is a bubble in the US stock market, it is unlikely that it will lose financial support, especially since the economic fundamentals are not bad.</p><p><img src=\"https://static.tigerbbs.com/8a966f1e4c95f2e2355d57a28159ecb3\" tg-width=\"431\" tg-height=\"361\" referrerpolicy=\"no-referrer\"></p><p>(Divergence in global market capital flows to stocks and bonds in 2021 - Source: Open Source Securities)</p><p>Overall, positive fundamentals, a still loose monetary environment, decent valuations, and the preferences of global funds—this is the underlying logic behind the fact that US stocks have always been more likely to rise than fall.</p><p>Under the current trend, these underlying factors have not changed, so US stocks may fall in the short term due to market sentiment, but the sharp drop may not be significant.</p>","source":"gelonghui_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Will the US stock market really fall if the Federal Reserve \"tightens monetary policy\"? How much did it fall?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWill the US stock market really fall if the Federal Reserve \"tightens monetary policy\"? How much did it fall?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">格隆汇</strong><span class=\"h-time small\">2021-08-19 21:04</span>\n</p>\n</h4>\n</header>\n<article>\n<p>A long-discussed taper issue has once again struck fear into global financial markets.</p><p>Following the release of the Federal Reserve meeting minutes, US stocks accelerated their decline late last night, triggering a major shock in global financial markets and causing commodities such as iron ore, energy, and non-ferrous metals to plummet across the board. This morning, Japanese and South Korean stock markets followed suit, falling sharply. Hong Kong stocks followed suit in the afternoon, and then...<b>European stock markets also suffered in the afternoon, and almost no financial market was spared.</b></p><p><img src=\"https://static.tigerbbs.com/d7c5fddb05c7caa94a3b1f6ec9c93df7\" tg-width=\"554\" tg-height=\"204\" referrerpolicy=\"no-referrer\"></p><p>In the released minutes of the Federal Reserve meeting, the Fed explicitly discussed Taper (tapering bond purchases) for the first time, and also included a special chapter on \"discussing asset purchases\".</p><p><b>From public discussion to the first official clarification and more specific timeline, this signal has become the source of almost all panic.</b></p><p>It seems that the earlier timing of the water withdrawal is a consensus conclusion, but the problem is that the Federal Reserve has been indecisive on this issue many times. This time, can it really press this \"nuclear button\" that may have been pressed long ago?</p><p><i><b>01</b></i><b>Persistently high inflation</b></p><p>The Fed's minutes did not make any detailed decisions, only stating that the price stability and employment targets were close to satisfactory levels. But as always, among the members \"<b>Remaining differences</b>The main problem is that many people still believe that \"<b>The rise in inflation is a temporary phenomenon</b>”。</p><p>To be honest, the Federal Reserve has recently been somewhat adhering to Keynesian principles, and will...<b>Full employment</b>\"Putting it first, inflation data now seems to have become a subsidiary.\"</p><p>The United States' loose monetary policy, massive fiscal subsidies, and recovering economy are continuously stimulating CPI growth. This indicator broke through the 2% threshold in March of this year, and the year-on-year growth rate in June and July reached a historical high of 5.4%, indicating that the economy is showing signs of overheating.</p><p><img src=\"https://static.tigerbbs.com/fed5b554b6bc3ec62446ff022141ee8c\" tg-width=\"444\" tg-height=\"217\" referrerpolicy=\"no-referrer\"></p><p>Americans are already suffering greatly from soaring prices. Although many residents can still receive generous unemployment benefits, the prices of consumer goods such as meat, fruits, and vegetables have skyrocketed, causing the purchasing power of the benefits to continue to decline.</p><p>The $1.2 trillion infrastructure and $3.5 trillion budget spending plans passed by the Senate will continue to stimulate the growth of infrastructure-related raw material prices in the United States and even globally, which has sown the seeds for further inflation in the future.</p><p>The supply shortage is also reflected in the PPI. In July, the PPI rose 7.8% year-on-year, and the gap between PPI and CPI continues to widen, squeezing corporate profits. This may be transmitted to consumer prices in the future.</p><p>Therefore, it seems<b>Inflationary pressures remain significant and may not fall back to normal levels as smoothly as expected. From this perspective, the instability of CPI growth will not be good news for either the economy or the stock market.</b></p><p>Logically, if inflation data is too high, the Federal Reserve should take tightening measures to control it, but the Fed has been slow to give clear instructions. Instead, they kept reassuring the market, saying that \"rate hike is still a long way off.\"</p><p>Behind this, in addition to the impact of the resurgence of the Delta epidemic, it is also related to the fact that the current rise and fall in employment data is not yet reassuring.</p><p><img src=\"https://static.tigerbbs.com/9e46fbe9106463d3d09556d36fbc3cd2\" tg-width=\"554\" tg-height=\"308\" referrerpolicy=\"no-referrer\"></p><p>But more importantly,<b>Strong medicine is a high-risk treatment that is a last resort for serious illnesses, and it does not guarantee a single victory without worries. Although the United States has achieved great results in supporting its economic recovery through massive monetary easing, it has sown significant side effects, including extremely high dependence and persistently high inflation.</b></p><p>This is precisely why the Federal Reserve has been hesitant and indecisive in its consideration of withdrawing water. Because it knows that once the drug is stopped, the cost could be very high.</p><p><i><b>02</b></i><b>Is the economy really overheating?</b></p><p>In fact, the strength of the US economy has not exceeded the Federal Reserve's expectations in some aspects, and there are contradictions between different data points.</p><p>First, the US manufacturing sector recovered steadily, with the manufacturing PMI reaching a new high of 63.40 in July, exceeding expectations.</p><p><b>However, the employment situation, which the Federal Reserve is most concerned about, does not seem to have yet reached its threshold.</b></p><p>Although the unemployment rate has declined significantly since the beginning of the year, now falling back to 5.4%, better than the expected 5.7%, it is still some distance from the 3-4% before the pandemic. In addition, in the week of August 12, the number of people applying for unemployment benefits for the first time was 375,000, which is still lower than the pre-pandemic average of 200,000.</p><p><img src=\"https://static.tigerbbs.com/93e549a63987d92ac38cbcdadb19aa84\" tg-width=\"340\" tg-height=\"224\" referrerpolicy=\"no-referrer\"></p><p>At the same time, the number of job vacancies is constantly increasing, which indicates that the increase in employment is not enough to meet the demand for jobs, and the imbalance between supply and demand in the labor market is becoming increasingly serious.</p><p>The $1.9 trillion bailout bill pushed by Biden in March did not end until September, allowing eligible residents to receive substantial relief payments. Some residents, thinking they can earn money passively, naturally lose interest in finding jobs. This, to some extent, has inhibited the recovery of the local job market, preventing the supply of enterprise products from rising, and keeping market supply and demand tight.</p><p><img src=\"https://static.tigerbbs.com/1df72758e634507d170c77cc7b60ecd1\" tg-width=\"406\" tg-height=\"267\" referrerpolicy=\"no-referrer\"></p><p>In addition, consumer data has not yet met expectations. The U.S. Department of Commerce recently released July retail sales data, which showed a 1.1% month-on-month decline, compared to a 0.6% increase in the previous month.</p><p>Since personal consumption expenditures account for approximately 70% of the total U.S. economy, this data is closely watched by the market as an indicator of the overall health of the economy. The sluggish growth in the data indicates that US consumption has not yet recovered to its original and expected growth momentum. If subsidies are stopped later, consumption may lose its growth momentum.</p><p><img src=\"https://static.tigerbbs.com/81c32bcf506c08d16090a67fb55ac030\" tg-width=\"473\" tg-height=\"272\" referrerpolicy=\"no-referrer\"></p><p>Since the pandemic, U.S. fiscal spending has been steadily increasing, reaching $7.7 trillion in fiscal year 2021, primarily for unemployment relief, nutrition assistance, and COVID-19 relief programs.</p><p>The Senate also recently passed Biden's $1.2 trillion infrastructure package and a $3.5 trillion budget plan primarily focused on poverty alleviation and climate improvement. If it passes the House of Representatives review smoothly in the later stages, the high fiscal expenditure will increase again.</p><p>In reality, Biden's overall policy does not deviate from the consistent philosophy of the Democratic Party, still stimulating the economy through high fiscal spending, and the sources of funds he relies on are bond issuance and tax increases. If tax increases cannot cover the aforementioned expenditures, then bond issuance will be the only option.</p><p>If the Federal Reserve keeps interest rates low, it will be more conducive to the implementation of a proactive fiscal policy.</p><p><img src=\"https://static.tigerbbs.com/6daf4374f269e5ac0784aed8157abc09\" tg-width=\"395\" tg-height=\"253\" referrerpolicy=\"no-referrer\"></p><p>According to research by Huaxi Securities, the United States experienced four interest rate cut cycles from 1984 to 2015. In all four periods, the Federal Reserve faced a significant economic downturn when it began cutting interest rates. Except for the period from 1984 to 1986, the economic recession occurred shortly after the interest rate cuts in the following three periods. However, in the middle and late stages of the interest rate cuts, the economy gradually recovered and regained growth momentum.</p><p><img src=\"https://static.tigerbbs.com/879dbfed5c68d676a0a4d688b52dd2a9\" tg-width=\"429\" tg-height=\"158\" referrerpolicy=\"no-referrer\"></p><p>Based on historical trajectories, the US rate hike should only arrive when the economy itself recovers to a stable and normal growth rate before rate hike. However, judging from the current performance (such as consumption and employment indicators), it may not be time to consider rate hike yet.</p><p><b>However, faced with high inflation, it may be inevitable for the Federal Reserve to shift to an anti-inflation model. The upcoming employment data will be crucial. If the unemployment rate falls back to around 5%, a taper will arrive quickly.</b></p><p><i><b>03</b></i><b>Will the US stock market plummet this time?</b></p><p>The question of whether the US stock market will jump has been discussed countless times, and has also been proven wrong countless times.</p><p>So far, apart from the sudden impact of the pandemic last year, the US stock market has been in a bull market for 12 years. Even against the backdrop of increasing calls for water consolidation and significant volatility in overseas markets, the three major indices continued to reach new highs.</p><p>But this time, compared to the past,<b>With a more complex macroeconomic environment, higher inflation, and a larger debt scale, if a tightening cycle truly begins, can the US stock market withstand it as before?</b></p><p>Finance is the most fundamental influencing factor of market fluctuations, which is the economic and liquidity aspects.</p><p>On the economic front, although there are many side effects and significant problems, the overall strong economic recovery in the United States is a certainty. The continuous economic recovery will definitely gradually be reflected in the performance growth of enterprises, which is also a force supporting corporate stock prices.</p><p>US stocks began to far exceed expectations in the first quarter. Major industries such as automobiles, durable goods, retail, media, finance, healthcare, information technology, and raw materials all saw very high year-on-year EPS growth. In addition to the low base caused by the impact of the pandemic last year, the rapid economic recovery also played a significant role.</p><p><b>In the second quarter, companies in many industries continued to maintain stronger-than-expected earnings growth.</b></p><p>Currently, institutions are forecasting a consistent earnings growth rate of 38% for US stocks in 2021 (50%+ in the first half of the year), and 2022 is expected to return to pre-pandemic levels. Although the high growth rate driven by last year's low base will decline month by month starting in the second half of the year, the market expects profit growth in the third quarter to still be 24%, which is still considerable overall.<b>Correspondingly, the current valuation of US stocks does not seem too expensive.</b></p><p>As of now, the P/E of the Dow Jones Industrial Average is 26.4 times, the Nasdaq Industrial Average is 40.3 times, and the S&P 500 is 27.2 times. Apart from the Nasdaq Industrial Average, it is generally not expensive compared to other major markets.</p><p>Furthermore, the current P/E of the major giants that hold a large weight are not high. Among the top 20 companies with the largest market capitalization, apart from Tesla, the valuations of the others are really low, exceeding many people's expectations.</p><p><img src=\"https://static.tigerbbs.com/329eb3056a9b9f6a55ff253a1f0bf801\" tg-width=\"554\" tg-height=\"458\" referrerpolicy=\"no-referrer\"></p><p>In terms of liquidity, even a slight tightening of liquidity by the US dollar, as a global currency anchor, has never been a major problem for US stocks because global funds will replenish themselves. This has happened countless times in the past. Unless the Federal Reserve tightens monetary policy drastically, the likelihood of a significant decline in US stocks is very small.</p><p>There have been numerous macroeconomic risk events in the past year, and the market has also experienced significant corrections. However, global funds still prefer larger stock markets, especially the US stock market, which has always been a top priority. In this situation, even if there is a bubble in the US stock market, it is unlikely that it will lose financial support, especially since the economic fundamentals are not bad.</p><p><img src=\"https://static.tigerbbs.com/8a966f1e4c95f2e2355d57a28159ecb3\" tg-width=\"431\" tg-height=\"361\" referrerpolicy=\"no-referrer\"></p><p>(Divergence in global market capital flows to stocks and bonds in 2021 - Source: Open Source Securities)</p><p>Overall, positive fundamentals, a still loose monetary environment, decent valuations, and the preferences of global funds—this is the underlying logic behind the fact that US stocks have always been more likely to rise than fall.</p><p>Under the current trend, these underlying factors have not changed, so US stocks may fall in the short term due to market sentiment, but the sharp drop may not be significant.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.gelonghui.com/p/481954\">格隆汇</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/347452cc99fb488c45ccd900fcf3aa20","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.gelonghui.com/p/481954","is_english":false,"share_image_url":"https://static.laohu8.com/6b8fa6424aebe95f6781d04ef17a1852","article_id":"1132455826","content_text":"一个讨论已久的taper问题，让全球金融市场再一次闻风丧胆。\n美联储的会议纪要公布后，美股昨晚尾盘的加速下探，进而引发全球金融市场巨震，连带铁矿、能源、有色等大宗商品全线暴跌。今天早上日韩股市跟随大跌，午后港股午盘接力，然后下午欧洲股市也跟着遭殃，全金融市场，几乎无一幸免。\n\n在公布的美联储会议纪要中，美联储首次明确讨论Taper（缩减购债），还在专门设了一个“讨论购买资产”的内容章节。\n从民间讨论，到官方首次明确，并给出更加具体的时间，这个信号几成为一切恐慌的来源。\n似乎收水时间提前已是共识性结论，但问题是，美联储在这个问题上已经多次态度飘忽不定，这一次，它真能不顾一切摁下这个可能早就改摁的“核按钮”吗？\n01高烧不退的通胀\n美联储的这个纪要并没有做出任何细节的决定，只是说就着价格稳定目标、就业目标方面已经接近让人满意的水平。但一如既往的，成员间“还存在的分歧”，主要问题在于很多人还是认为“通胀的上涨是暂时的现象”。\n说实在的，美联储最近有些坚守凯恩斯主义的意思，将“充分就业”放在了首位，通胀数据如今好像成了附庸。\n美国宽松的货币政策、巨量的财政补贴、复苏的经济不断刺激着CPI的增长，该指标自今年3月就突破2%的门槛，6、7月的同比增速更是到达了历史高位5.4%，经济呈现复苏过热的苗头。\n\n美国民众对着日益高涨的物价，早也苦不堪言，虽然还有很多居民可以领取丰厚的失业救助金，但生活消费品如肉类、水果、蔬菜等价格都出现疯狂飙升，让救助金的购买力不断下降。\n而如今参议院已通过的1.2万亿基建和3.5万亿美元的预算开支计划也还将持续不断地刺激着美国甚至全球基建相关的原材料价格的增长，这给未来通胀的进一步上涨埋下了可能。\n供应紧缺方面其实在PPI上也有体现，7月PPI同比上涨7.8%，PPI和CPI之间差距不断扩大，企业利润情况受到压缩，后期可能会传导至消费端价格。\n由此看来，通胀的压力还是很大的，不一定能和预期一样平稳回落至正常水平，从这方面判断，CPI增速的不稳定性对于经济和股市都将不是利好的信息。\n按理说通胀数据过高，美联储就应该采用紧缩措施进行控制，但美联储迟迟未给出明确指示。而是不断安抚市场说“距离加息还很遥远”。\n这背后，除了德尔塔疫情再爆发的影响，也与目前就业数据的涨跌尚未能让人放心有关。\n\n但更主要的，重病下猛药实为不得已的高风险疗法，并不是一招致胜就后顾无忧。现在美国通过超大规模放水“吃猛药”扶持起立的经济复苏，虽然有了极大的成效，但埋下的后遗症却是极大，一个是依赖性极强，另一个是通胀高烧不退。\n正是如此，美联储在收水的考虑上，才一直飘忽不定，犹豫不决。因为它深知一旦药停，代价可能非常大。\n02经济真的过热了吗？\n其实美国经济的强度在一些表现上还没强到超出美联储的预期，不同的数据之间存在着矛盾。\n首先是美国制造业稳健恢复，7月份制造业PMI录得新高63.40，超出预期。\n但美联储最关注的就业方面的情况好像还没有触及其门槛。\n虽然自年初以来失业率下降明显，现回落至5.4%的水平，优于预期5.7%，但是和疫情前的3-4%还是有一定的距离。另外8月12日当周，首次申请失业金人数为37.5万人，距离疫情前平均水平20万人还是有差距。\n\n同时，职位空缺的数量不断增大，这说明就业的增量还不足以补足岗位的需求，劳动力市场的供需不平衡的情况日益严重。\n而拜登3月推动的1.9万亿美元纾困法案至9月才停止，符合资格的居民可以领取高额的救济金。部分居民想着能躺着挣钱，当然对找工作没了想法，这就从某种程度上抑制了本土就业市场的恢复，使得企业产品的供应上不来，市场供需依旧紧张。\n\n此外，消费数据还没有达到预期，美国商务部日前公布7月零售销售数据，环比下降1.1%，，前值为增长0.6%。\n由于个人消费支出占美国经济总量的约70%，该数据作为衡量整体经济健康状况的指标受到市场密切关注。而数据的增长乏力，说明了美国消费还没有恢复原本的和预期的增长力度。后期如果停止了补助，消费可能会丧失增长动力。\n\n自疫情以来，美国财政支出规模不断增加，2021财年美国财政支出高达7.7万亿美元，支出主要用于失业救济、营养援助和新冠救援项目。\n参议院还在近日通过了拜登的1.2万亿美元的一揽子基建计划和主要致力于反贫困和改善气候环境3.5万亿的预算计划。若是在后期顺利通过众议院审核，那高额的财政支出又将拔高。\n实际上拜登的整体施政方针并没有超出民主党一贯的理念，依旧是通过高额的财政支出拉动经济，而其所依靠的资金来源就是通过发债及加税。如果加税没有办法弥补上述的支出金额，那只能又靠发债。\n而若美联储将利率保持较低利率，会更有利于积极财政政策实施。\n\n根据华西证券的研究，美国从1984年至2015年曾经历过四次降息周期。这四个时期，美联储开始降息时都面临着较大的经济下行。除了1984-1986这个时期，后面三个时期在降息不久后，都出现了经济衰退，而到降息中后期，经济逐渐得到恢复，重获增长动力。\n\n那用历史的轨迹推至今日，美国加息应该在经济自身恢复稳定正常的增速时，加息的脚步才会到来，而从现在的表现来说（比如消费、就业方面的指标）可能还没到达考虑加息的时刻。\n但面对高额的通胀率，美联储向抗通胀模式转向可能是不可避免，接下来的就业数据将是关键，若是失业率回落至5%左右，taper将会快速到来。\n03这一次美股会大跌吗？\n关于美股会不会蹦的话题，大家已经被讨论过了无数次，也被打脸了无数次。\n美股到现在为止，除了去年的疫情突发冲击，到如今已经长达12年的大牛市行情。即使是在收水呼声不断提升，海外市场明显震荡的背景下，三大指数依然不断创出新高。\n但这一次相比以往，是更复杂的宏观环境，更高的通胀问题以及更大的债务规模，如果真是一个收水周期的开始，美股还能一如既往扛得住吗？\n金融是市场的波动最底层的影响因素是经济面和流动性层面。\n在经济面，虽然一些副作用挺多问题也挺大，但总体上美国的经济强势复苏是确定性方向，经济不断复苏肯定会逐渐反应在企业层面的业绩增长，这也是支撑企业股价的力量。\n美股的一季度整体业绩就开始大超预期，包括汽车、耐用品、零售、媒体、金融、医疗保健、信息科技、原材料等主要行业的EPS同比增速都非常高，除了去年疫情冲击导致的低基数外，经济快速复苏也有很大作用。\n二季度，很多行业公司表现出来的业绩增长也继续维持超预期的强劲。\n现在机构对美股2021年的盈利一致性预期增速高达38%（上半年50%+），2022年有望回归疫情之前的水平。虽然下半年开始由去年低基数带来的高增速会逐月回落，但市场预期预计三季度盈利增速依然有24%，整体依然可观，对应下来，美股当下的估值并不显得太贵了。\n截止目前，美股道指的市盈率26.4倍，纳指40.3倍，标普500的指数27.2倍，除了纳指，总体上相对其他主要市场并不算贵。\n并且占据大权重的各大超级巨头目前的市盈率也并不高，市值最大的前top20中，除了特斯拉外，其余的估值真的还很低，超出很多人的意料。\n\n在流动性方面，实际上，美元的作为全球货币锚，即使是小幅度收紧流动性，其实对美股来说从来不是大问题，因为全球资金会回补，这个事情在过去发生过无数次了。除非美联储要超大幅度收水，否则美股出现大幅度下跌的可能性会非常小。\n近一年来的宏观风险事件非常多，市场也不乏大幅度回调，但全球的资金依然偏好更大的股市，尤其美股市场，一直是重中之重。这种情况下，美股就算有泡沫，也很难会失去资金支持，何况经济基本面趋势并不算差。\n\n（2021年全球市场资金股债流向分化    来源：开源证券）\n总体看，向好的基本面，加依然宽松的货币环境，加过得去的估值，加全球资金的偏好，这就是美股一直易涨难跌的底层逻辑。\n当前趋势下，这些底层因素还没有发生转变，所以美股可能受市场情绪影响短期下跌，但想要大跌下去的话，可能不会大。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1689,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814687473,"gmtCreate":1630813192492,"gmtModify":1676530399665,"author":{"id":"3572776965259682","authorId":"3572776965259682","name":"cheong6265","avatar":"https://static.tigerbbs.com/ca7e234da6cd2aa2bcbbd0ccbb67927e","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3572776965259682","idStr":"3572776965259682"},"themes":[],"title":"","htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/814687473","repostId":"1152020609","repostType":4,"repost":{"id":"1152020609","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1630572749,"share":"https://ttm.financial/m/news/1152020609?lang=en_US&edition=fundamental","pubTime":"2021-09-02 16:52","market":"hk","language":"zh","title":"Reminder: US stocks will be closed on September 6th due to Labor Day.","url":"https://stock-news.laohu8.com/highlight/detail?id=1152020609","media":"老虎资讯综合","summary":"9月6日（下周一），美国股市因劳工节休市一天，9月7日（下周二）起恢复交易。\n港股、A股、英股、澳股、新加坡股市照常交易。\n背景简介：\n九月的第一个星期一是美国的劳工节（Labor Day），在189","content":"<p>The U.S. stock market will be closed for Labor Day on September 6 (next Monday) and will resume trading on September 7 (next Tuesday).</p><p>Trading in Hong Kong, A-shares, UK, Macau, and Singapore stock markets will continue as usual.</p><p><b>Background Introduction:</b></p><p>The first Monday in September is Labor Day in the United States, which was established as the national holiday of the United States in 1894.</p><p>On this day, people across the United States generally hold various celebrations such as*and rallies to show respect for workers. In some states, people hold picnics after*, with lively eating, drinking, singing, and dancing. As night falls, fireworks are set off in some places.</p><p><img src=\"https://static.tigerbbs.com/6a3b13247eca5b02ef7724259aead09e\" tg-width=\"800\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: US stocks will be closed on September 6th due to Labor Day.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReminder: US stocks will be closed on September 6th due to Labor Day.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-09-02 16:52</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The U.S. stock market will be closed for Labor Day on September 6 (next Monday) and will resume trading on September 7 (next Tuesday).</p><p>Trading in Hong Kong, A-shares, UK, Macau, and Singapore stock markets will continue as usual.</p><p><b>Background Introduction:</b></p><p>The first Monday in September is Labor Day in the United States, which was established as the national holiday of the United States in 1894.</p><p>On this day, people across the United States generally hold various celebrations such as*and rallies to show respect for workers. In some states, people hold picnics after*, with lively eating, drinking, singing, and dancing. As night falls, fireworks are set off in some places.</p><p><img src=\"https://static.tigerbbs.com/6a3b13247eca5b02ef7724259aead09e\" tg-width=\"800\" tg-height=\"500\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6a3b13247eca5b02ef7724259aead09e","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152020609","content_text":"9月6日（下周一），美国股市因劳工节休市一天，9月7日（下周二）起恢复交易。\n港股、A股、英股、澳股、新加坡股市照常交易。\n背景简介：\n九月的第一个星期一是美国的劳工节（Labor Day），在1894年被确立为美国的国家节日，即美国的劳动节。\n这一天，全美各地民众一般都会举行游行、集会等各种庆祝活动，以示对劳工的尊重。在一些州，人们在游行之后还要举办野餐会，热闹地吃喝、唱歌、跳舞。入夜，有的地方还会放焰火。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":5429,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818229312,"gmtCreate":1630415170436,"gmtModify":1676530296752,"author":{"id":"3572776965259682","authorId":"3572776965259682","name":"cheong6265","avatar":"https://static.tigerbbs.com/ca7e234da6cd2aa2bcbbd0ccbb67927e","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3572776965259682","idStr":"3572776965259682"},"themes":[],"title":"","htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/818229312","repostId":"1117364115","repostType":4,"repost":{"id":"1117364115","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1630411370,"share":"https://ttm.financial/m/news/1117364115?lang=en_US&edition=fundamental","pubTime":"2021-08-31 20:02","market":"us","language":"zh","title":"Pre-market: US stock futures both fell, while popular Chinese concept stocks generally rose.","url":"https://stock-news.laohu8.com/highlight/detail?id=1117364115","media":"老虎资讯综合","summary":"市场注意力转向周五的非农就业报告。","content":"<p>On Tuesday, August 31, futures for the three major U.S. stock indexes collectively fell slightly. Currently, market attention is turning to Friday's non-farm payrolls report, especially as the Federal Reserve places great emphasis on the performance of the labor market recovery when deciding whether to begin tapering quantitative easing.</p><p><img src=\"https://static.tigerbbs.com/c30a282814b4e367634a861d276343cf\" tg-width=\"697\" tg-height=\"280\" referrerpolicy=\"no-referrer\"></p><p>【<b>[Chinese concept stocks]</b></p><p><a href=\"https://laohu8.com/S/TME\">Tencent Music</a>It rose 2% in pre-market trading.<a href=\"https://laohu8.com/S/00700\">Tencent</a>Today's announcement states that the exclusive licensing rights for music copyrights will be waived.</p><p>The first listed online audio company<a href=\"https://laohu8.com/S/LIZI\">lychee</a>It rose 5.87% in pre-market trading. In the second quarter, lychee revenue increased by 59% year-on-year to RMB 559 million, exceeding market expectations of RMB 490 million and achieving the largest increase since its listing.</p><p><a href=\"https://laohu8.com/S/NTES\">NetEase</a>It rose 2.66% in pre-market trading. In the second quarter, NetEase's net revenue was RMB 20.5 billion, an increase of 13% year-on-year; In the second quarter, NetEase's net revenue from online game services was RMB 14.5 billion, an increase of 5% year-on-year.</p><p><a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>It rose 0.44% in pre-market trading. XPeng Motor Company announced today that its total revenue for the first half of the year was RMB 6.712 billion, a year-on-year increase of 569.3%. The company reported a net loss of RMB 1.981 billion in the first half of the year, compared to a loss of RMB 2.076 billion in the same period last year.</p><p>Most popular Chinese concept stocks rose in pre-market trading, as of press time.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Up 3.37%<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Up 2.87%<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>It rose 2.61%.</p><p><a href=\"https://laohu8.com/S/OCFT\">OneConnect Financial Technology</a>It fell 3% in pre-market trading, after previously falling more than 10%. Recently, an anonymous whistleblower letter pointed out that OneConnect Financial Technology, a US-listed company under Ping An Group, has a series of problems, including financial fraud and concealment of regulations. In response, Ping An OneConnect stated that the relevant false rumors have seriously damaged the business reputation of the company and related institutions and constitute malicious fabrication and defamation. OneConnect Financial Technology has reported the case to the police immediately.</p><p>【<b>Important US Stocks</b></p><p><a href=\"https://laohu8.com/S/ZM\">Zoom</a>The stock plunged more than 13% in pre-market trading as the pandemic dividends diminished.<a href=\"https://laohu8.com/S/ZM\">Zoom</a>Growth slowed significantly in the second quarter.</p><p><a href=\"https://laohu8.com/S/GSAT\">Global Star</a>The stock fell more than 13% in pre-market trading, but the company surged more than 64% yesterday.<a href=\"https://laohu8.com/S/601162\">TF Securities</a>In a recent report, analyst Ming-Chi Kuo stated that Apple is \"optimistic about the trend of satellite communications\" and may include satellite communications in the upcoming new iPhone. Ming-Chi Kuo stated that Global Star is most likely to collaborate with Apple.</p><p><a href=\"https://laohu8.com/S/JNJ\">Johnson and Johnson</a>The stock fell 0.28% in pre-market trading after the company announced that its HIV vaccine trial program in Africa had been terminated due to lack of effectiveness.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a>It fell 0.28% in pre-market trading.<a href=\"https://laohu8.com/S/GOOG\">Google</a>It rose 0.06% in pre-market trading. The South Korean National Assembly has passed amendments to the Telecommunications Commerce Act, which will prevent Apple and Google from unfairly using their positions to \"force mobile content providers and others to use specific payment methods.\" This will also be the first time the government has taken substantial legislative measures to regulate and control Apple and Google's app distribution platforms.</p><p>Some blockchain concept stocks in the US stock market declined in pre-market trading.<a href=\"https://laohu8.com/S/NCTY\">Ninth City</a>It fell 0.32%.<a href=\"https://laohu8.com/S/RIOT\">Riot Blockchain</a>It fell 0.4%.<a href=\"https://laohu8.com/S/MSTR\">Micro Strategy</a>It fell 0.57%. According to foreign media citing an anonymous government official, the Biden administration is urging Democrats to include more tax compliance rules for cryptocurrency transactions in their upcoming $3.5 trillion budget plan. The U.S. government hopes to increase the number of cryptocurrency companies (trading platforms) reporting data on non-U.S. users in exchange for data on U.S. taxpayers trading digital currencies in other countries, ensuring that crypto asset holders pay taxes promptly.</p><p>【<b>Commodities]</b></p><p>International oil prices fell. Signs indicate that Hurricane Ida has not affected crude oil production in the Gulf of Mexico for long. Meanwhile, despite the slow pace of refinery capacity recovery, gasoline prices remained stable.</p><p>As of press time, WTI crude oil futures were trading at $68.61 per barrel, down 0.87%. Brent crude oil futures were trading at $71.65 a barrel, down 0.80%.</p><p><img src=\"https://static.tigerbbs.com/80f5cc0a24c19eb6d391163565adab8b\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>International gold prices rose slightly. The United States was hit by a combination of hurricanes and the pandemic, which supported market risk aversion. In addition, Federal Reserve Chairman Powell's dovish tone was also a factor supporting gold prices.</p><p>As of press time, gold futures in the New York market were trading at $1,815.45 per ounce, up 0.18%.</p><p><img src=\"https://static.tigerbbs.com/19d0b622dc55d91d9253f27498c9aa7a\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-market: US stock futures both fell, while popular Chinese concept stocks generally rose.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-market: US stock futures both fell, while popular Chinese concept stocks generally rose.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-08-31 20:02</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On Tuesday, August 31, futures for the three major U.S. stock indexes collectively fell slightly. Currently, market attention is turning to Friday's non-farm payrolls report, especially as the Federal Reserve places great emphasis on the performance of the labor market recovery when deciding whether to begin tapering quantitative easing.</p><p><img src=\"https://static.tigerbbs.com/c30a282814b4e367634a861d276343cf\" tg-width=\"697\" tg-height=\"280\" referrerpolicy=\"no-referrer\"></p><p>【<b>[Chinese concept stocks]</b></p><p><a href=\"https://laohu8.com/S/TME\">Tencent Music</a>It rose 2% in pre-market trading.<a href=\"https://laohu8.com/S/00700\">Tencent</a>Today's announcement states that the exclusive licensing rights for music copyrights will be waived.</p><p>The first listed online audio company<a href=\"https://laohu8.com/S/LIZI\">lychee</a>It rose 5.87% in pre-market trading. In the second quarter, lychee revenue increased by 59% year-on-year to RMB 559 million, exceeding market expectations of RMB 490 million and achieving the largest increase since its listing.</p><p><a href=\"https://laohu8.com/S/NTES\">NetEase</a>It rose 2.66% in pre-market trading. In the second quarter, NetEase's net revenue was RMB 20.5 billion, an increase of 13% year-on-year; In the second quarter, NetEase's net revenue from online game services was RMB 14.5 billion, an increase of 5% year-on-year.</p><p><a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>It rose 0.44% in pre-market trading. XPeng Motor Company announced today that its total revenue for the first half of the year was RMB 6.712 billion, a year-on-year increase of 569.3%. The company reported a net loss of RMB 1.981 billion in the first half of the year, compared to a loss of RMB 2.076 billion in the same period last year.</p><p>Most popular Chinese concept stocks rose in pre-market trading, as of press time.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Up 3.37%<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Up 2.87%<a href=\"https://laohu8.com/S/PDD\">Pinduoduo</a>It rose 2.61%.</p><p><a href=\"https://laohu8.com/S/OCFT\">OneConnect Financial Technology</a>It fell 3% in pre-market trading, after previously falling more than 10%. Recently, an anonymous whistleblower letter pointed out that OneConnect Financial Technology, a US-listed company under Ping An Group, has a series of problems, including financial fraud and concealment of regulations. In response, Ping An OneConnect stated that the relevant false rumors have seriously damaged the business reputation of the company and related institutions and constitute malicious fabrication and defamation. OneConnect Financial Technology has reported the case to the police immediately.</p><p>【<b>Important US Stocks</b></p><p><a href=\"https://laohu8.com/S/ZM\">Zoom</a>The stock plunged more than 13% in pre-market trading as the pandemic dividends diminished.<a href=\"https://laohu8.com/S/ZM\">Zoom</a>Growth slowed significantly in the second quarter.</p><p><a href=\"https://laohu8.com/S/GSAT\">Global Star</a>The stock fell more than 13% in pre-market trading, but the company surged more than 64% yesterday.<a href=\"https://laohu8.com/S/601162\">TF Securities</a>In a recent report, analyst Ming-Chi Kuo stated that Apple is \"optimistic about the trend of satellite communications\" and may include satellite communications in the upcoming new iPhone. Ming-Chi Kuo stated that Global Star is most likely to collaborate with Apple.</p><p><a href=\"https://laohu8.com/S/JNJ\">Johnson and Johnson</a>The stock fell 0.28% in pre-market trading after the company announced that its HIV vaccine trial program in Africa had been terminated due to lack of effectiveness.</p><p><a href=\"https://laohu8.com/S/AAPL\">Apple</a>It fell 0.28% in pre-market trading.<a href=\"https://laohu8.com/S/GOOG\">Google</a>It rose 0.06% in pre-market trading. The South Korean National Assembly has passed amendments to the Telecommunications Commerce Act, which will prevent Apple and Google from unfairly using their positions to \"force mobile content providers and others to use specific payment methods.\" This will also be the first time the government has taken substantial legislative measures to regulate and control Apple and Google's app distribution platforms.</p><p>Some blockchain concept stocks in the US stock market declined in pre-market trading.<a href=\"https://laohu8.com/S/NCTY\">Ninth City</a>It fell 0.32%.<a href=\"https://laohu8.com/S/RIOT\">Riot Blockchain</a>It fell 0.4%.<a href=\"https://laohu8.com/S/MSTR\">Micro Strategy</a>It fell 0.57%. According to foreign media citing an anonymous government official, the Biden administration is urging Democrats to include more tax compliance rules for cryptocurrency transactions in their upcoming $3.5 trillion budget plan. The U.S. government hopes to increase the number of cryptocurrency companies (trading platforms) reporting data on non-U.S. users in exchange for data on U.S. taxpayers trading digital currencies in other countries, ensuring that crypto asset holders pay taxes promptly.</p><p>【<b>Commodities]</b></p><p>International oil prices fell. Signs indicate that Hurricane Ida has not affected crude oil production in the Gulf of Mexico for long. Meanwhile, despite the slow pace of refinery capacity recovery, gasoline prices remained stable.</p><p>As of press time, WTI crude oil futures were trading at $68.61 per barrel, down 0.87%. Brent crude oil futures were trading at $71.65 a barrel, down 0.80%.</p><p><img src=\"https://static.tigerbbs.com/80f5cc0a24c19eb6d391163565adab8b\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>International gold prices rose slightly. The United States was hit by a combination of hurricanes and the pandemic, which supported market risk aversion. In addition, Federal Reserve Chairman Powell's dovish tone was also a factor supporting gold prices.</p><p>As of press time, gold futures in the New York market were trading at $1,815.45 per ounce, up 0.18%.</p><p><img src=\"https://static.tigerbbs.com/19d0b622dc55d91d9253f27498c9aa7a\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ed4ee39e6b0f45214393093d70ba81a8","relate_stocks":{".DJI":"道琼斯"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1117364115","content_text":"8月31日（周二），美股三大指数期货集体小幅走低。目前，市场注意力转向周五的非农就业报告，尤其是美联储在决定是否开始减码量化宽松时，非常重视劳动力市场复苏的表现。\n\n【中概股】\n腾讯音乐盘前涨2%。腾讯今日公告，放弃音乐版权独家授权权利。\n在线音频第一股荔枝盘前涨5.87%。二季度荔枝营收同比增长59%至5.59亿元人民币，超过市场预期的4.9亿元，实现上市以来的最大增幅。\n网易盘前涨2.66%。二季度，网易净收入为人民币205亿元，同比增加13%；二季度，网易在线游戏服务净收入为人民币145亿元，同比增加5%。\n小鹏汽车盘前涨0.44%。小鹏汽车今日发布公告称，该公司上半年总收入为人民币67.12亿元，同比上升569.3%；上半年净亏损为人民币19.81亿元，去年同期亏损20.76亿元。\n热门中概股盘前多数上涨，截至发稿，阿里巴巴涨3.37%，哔哩哔哩涨2.87%，拼多多涨2.61%。\n金融壹账通盘前跌3%，之前一度跌逾10%。近日市场有匿名举报信指出平安集团旗下的美股上市公司金融壹账通存在财务欺诈、隐瞒监管等一系列问题。对此，平安壹账通回应指出：相关不实谣言已严重侵害本公司及相关机构的商业声誉，属于恶意造谣、诽谤，金融壹账通已第一时间报案。\n【重要美股】\nZoom盘前大跌超13%，疫情红利消减，Zoom第二季度增长明显放缓。\n全球星盘前跌超13%，公司昨日暴涨逾64%。天风证券分析师郭明錤在最新报告中表示，苹果对于“卫星通信的趋势持乐观态度”，并可能在即将发布的新款iPhone中加入卫星通讯。郭明錤表示，全球星最有可能与苹果合作。\n强生盘前跌0.28%，早前公司宣布在非洲的艾滋病疫苗试验项目因缺乏有效性而终止。\n苹果盘前跌0.28%，谷歌盘前涨0.06%。韩国国会通过电信商业法修订案，据该法案将阻止苹果和谷歌不公平地利用其地位“迫使移动内容提供商等使用特定的支付方式”。这也将是政府首次采取实质性立法措施来监管和控制苹果和谷歌的应用程序分发平台。\n美股盘前部分区块链概念股下挫，第九城市跌0.32%，Riot Blockchain跌0.4%，Micro Strategy跌0.57%。据外媒援引一位匿名政府官员称，拜登政府敦促民主党在即将到来的 3.5 万亿美元预算方案中纳入更多加密货币交易税收合规规则，美国政府希望增加加密货币企业（交易平台）报告有关非美国用户的数据，以换取有关美国纳税人在其他国家交易数字货币的数据，确保加密资产持有者第一时间纳税。\n【大宗商品】\n国际油价下跌。迹象显示飓风艾达(Ida)没有长久影响墨西哥湾原油开采。同时，尽管炼油厂产能复苏速度缓慢，但汽油价格也维持稳定。\n截至发稿，WTI原油期货价格报68.61美元/桶，跌幅0.87%；布伦特原油期货价格报71.65美元/桶，跌幅0.80%。\n\n国际金价小幅上涨。美国遭受飓风叠加疫情的袭击，支持了市场避险情绪，此外美联储主席鲍威尔的鸽派基调也是支持金价的因素。\n截至发稿，纽约市场黄金期货价格报1815.45美元/盎司，涨幅0.18%。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2287,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813497436,"gmtCreate":1630226369025,"gmtModify":1676530247216,"author":{"id":"3572776965259682","authorId":"3572776965259682","name":"cheong6265","avatar":"https://static.tigerbbs.com/ca7e234da6cd2aa2bcbbd0ccbb67927e","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3572776965259682","idStr":"3572776965259682"},"themes":[],"title":"","htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/813497436","repostId":"1187941678","repostType":4,"repost":{"id":"1187941678","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1630110918,"share":"https://ttm.financial/m/news/1187941678?lang=en_US&edition=fundamental","pubTime":"2021-08-28 08:35","market":"sh","language":"zh","title":"Last night and this morning: Powell's dovish Taper signals support a rebound in US stocks.","url":"https://stock-news.laohu8.com/highlight/detail?id=1187941678","media":"老虎资讯综合","summary":"摘要：年内何时Taper留悬念，标普纳指延续狂欢创新高；转会费1.9亿！C罗回归曼联，曼联股价暴涨近6%；汽车公司最大IPO要来了！特斯拉劲敌Rivian提交申请；美版花呗Affirm盘后涨逾35%。","content":"<p>Abstract: The timing of Taper this year remains uncertain, with the S&P 500 and Nasdaq continuing their rally and hitting new highs; Transfer fee 190 million! Cristiano Ronaldo returns to Manchester United, causing Manchester United's stock price to surge nearly 6%; The biggest IPO of a car company is coming! Tesla's formidable rival Rivian has submitted an application; Affirm, the US version of Huabei, rose more than 35% in after-hours trading. Overseas markets</p><p><b>US Stock Market Close: When Taper will appear this year remains uncertain; S&P 500 and Nasdaq continue their rally, hitting new highs.</b></p><p>In his speech at the Jackson Hole Global Central Bank Conference, Federal Reserve Chairman Jerome Powell stated that the Fed may begin tapering its QE bond purchases this year, but \"the timing and pace of initiating the tapering of bond purchases is not intended to directly signal a rate hike.\" Even if bond purchases are completely ended, it does not mean that a rate hike will begin immediately. He warned of the risks of premature rate hike and did not provide any detailed timetable for tapering bond purchases.</p><p>Although Powell reiterated his intention to reduce bond purchases this year, this was already evident in the Federal Reserve's meeting minutes. Furthermore, he did not disclose the timing and extent of the reduction in bond purchases, leading investors to interpret his speech as \"dovish\". The three major U.S. stock indexes jumped in response.</p><p>The Dow Jones Industrial Average rose 0.69%, the S&P 500 rose 0.88% to a new high, and the Nasdaq Composite Index also rose 1.23% to a new high. The Dow Jones Industrial Average rose 0.96% this week, the Nasdaq Composite rose 2.82%, and the S&P 500 rose 1.52% this week.</p><p><b>Most popular Chinese concept stocks closed lower on Friday, with Mogujie rising over 11%.</b></p><p>Most popular Chinese concept stocks closed lower on Friday.<a href=\"https://laohu8.com/S/BLCT\">Blue City Brothers</a>It fell nearly 12%, and SoYoung fell nearly 11%.<a href=\"https://laohu8.com/S/VNET\">21st Century Internet</a>$Jiayin<a href=\"https://laohu8.com/S/KIM\">Jinke</a>(JFIN) $ fell more than 10%,<a href=\"https://laohu8.com/S/GDS\">Global Data</a>It fell nearly 10%.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>It fell by more than 3%;<a href=\"https://laohu8.com/S/MOGU\">Mogujie</a>It rose more than 11%, and at one point rose nearly 30% in pre-market trading.</p><p><b>European stock markets closed higher across the board, with the pan-European Stoxx 600 index rising 0.43%.</b></p><p>The pan-European Stoxx 600 index closed up 2.00 points, or 0.43%, at 472.34. Mining stocks led the gains, rising 2%, while utilities stocks bucked the trend, falling 0.4%.</p><p><b>Crude oil prices closed in a hurricane, with the two major crude oil futures contracts recording their biggest weekly gains since June last year.</b></p><p>U.S. regulators say oil production in the Gulf of Mexico fell by 59% and natural gas production by 49% before Tropical Storm Ida hit.</p><p>Oil prices rebounded from the previous trading day's decline. U.S. WTI crude oil futures for October delivery rose 1.96%, while Brent crude oil futures for October delivery rose 2.29%. This week, US crude oil rose 10.62% cumulatively, while Brent crude closed up 11.54% cumulatively.</p><p><b>Weighing the impact of Powell's remarks, gold rebounded above $1,800, hitting a near four-week high.</b></p><p>Investors weigh Federal Reserve Chairman Powell's speech in Jackson Hole.<a href=\"https://laohu8.com/S/CNBC\">Central Bank</a>Speaking at a seminar, gold futures fluctuated, closing up 1.4%, returning above the key $1,800 mark and hitting a near four-week high.</p><p>International macro</p><p><b>Powell's speech was \"conventional\": reinforcing Taper expectations; vague wording put pressure on the dollar.</b></p><p>The Jackson Hole annual meeting kicked off with Powell's speech on the economic outlook. Although Powell, as expected, reinforced his expectations of tapering QE this year and explicitly suppressed the correlation between rate hike, the ambiguity left in the wording put pressure on the dollar to weaken.</p><p><b>Powell's \"empty\" speech failed to convince the public, prompting several local Federal Reserve officials to launch a \"siege\" of him.</b></p><p>Kaplan and St. Louis Fed President Bullard reiterated their \"hawkish stance\" an hour before Powell's speech.</p><p>Dallas Fed President Kaplan stated that the Fed should begin adjusting its asset purchases as soon as possible, and the reduction in bond purchases should be completed within approximately eight months.</p><p><b>The White House predicts that the U.S. government's budget deficit will reach $3.12 trillion in fiscal year 2021.</b></p><p>The White House released a report predicting that if the budget deficit for this fiscal year ultimately settles at $3.12 trillion, it will become the second-largest deficit in U.S. history, lower only than last year's $3.129 trillion.</p><p><b>Spending slowed income growth, and the Fed's favorite inflation gauge hit a new 30-year high.</b></p><p>According to data from the U.S. Department of Commerce, the U.S. PCE price index rose 4.2% year-on-year in July, compared to 4% in the previous month and 4.1% expected. The U.S. core PCE price index rose 3.6% year-on-year in July, compared to 3.5% in the previous month and 3.6% expected, reaching its highest level in 30 years.</p><p><b>New troubles for Robinhoods and others: Targeted by the US SEC</b></p><p>The $15 billion fund raised last year will not yield the same returns as we have achieved in the past three crises. The whole world is in a low-return environment, and it is very difficult to obtain high returns.</p><p>Company News</p><p><b>1、</b><a href=\"https://laohu8.com/NW/2162078768\" target=\"_blank\"><b>Transfer fee 190 million! Cristiano Ronaldo returns to Manchester United, Manchester United's stock price surges nearly 6%</b></a></p><p>After more than a decade away, Cristiano Ronaldo has returned to what he calls \"home.\"<a href=\"https://laohu8.com/S/MANU\">Manchester United</a>This not only drew cheers from fans but also fueled investor enthusiasm, driving up Manchester United's stock price. On August 28, Beijing time, Manchester United's U.S. stock closed up 5.79% at $18.28.</p><p><b>2、</b><a href=\"https://laohu8.com/NW/2162078900\" target=\"_blank\"><b>The biggest IPO of a car company is coming: $80 billion! Tesla's formidable rival Rivian submits application</b></a><b></b></p><p>backing<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Rivian, an electric vehicle startup, announced that it has secretly filed for an IPO with the U.S. Securities and Exchange Commission (SEC). The size and price range of the IPO have not yet been determined.</p><p><b>3、</b><a href=\"https://laohu8.com/NW/2162078003\" target=\"_blank\"><b>Affirm, the US version of Alipay, surged over 35% in after-hours trading after launching an installment payment service in partnership with Amazon.</b></a></p><p>E-commerce giants<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Amazon announced that it will partner with Affirm, the \"US version of Alipay,\" to offer users installment payment options for the first time. Following the news, Affirm's stock price surged by more than 40% in after-hours trading on Friday, before falling only slightly as of press time. Amazon's stock price remained unchanged.</p><p><b>4、</b><a href=\"https://laohu8.com/NW/2162202473\" target=\"_blank\"><b>Musk mocks Bezos: He has a full-time job after retirement and is suing SpaceX.</b></a></p><p>According to reports,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>CEO Elon Musk today mocked Amazon founder Jeff Bezos, saying that after Bezos retired, he found a new full-time job: suing SpaceX.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Last night and this morning: Powell's dovish Taper signals support a rebound in US stocks.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nLast night and this morning: Powell's dovish Taper signals support a rebound in US stocks.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-08-28 08:35</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Abstract: The timing of Taper this year remains uncertain, with the S&P 500 and Nasdaq continuing their rally and hitting new highs; Transfer fee 190 million! Cristiano Ronaldo returns to Manchester United, causing Manchester United's stock price to surge nearly 6%; The biggest IPO of a car company is coming! Tesla's formidable rival Rivian has submitted an application; Affirm, the US version of Huabei, rose more than 35% in after-hours trading. Overseas markets</p><p><b>US Stock Market Close: When Taper will appear this year remains uncertain; S&P 500 and Nasdaq continue their rally, hitting new highs.</b></p><p>In his speech at the Jackson Hole Global Central Bank Conference, Federal Reserve Chairman Jerome Powell stated that the Fed may begin tapering its QE bond purchases this year, but \"the timing and pace of initiating the tapering of bond purchases is not intended to directly signal a rate hike.\" Even if bond purchases are completely ended, it does not mean that a rate hike will begin immediately. He warned of the risks of premature rate hike and did not provide any detailed timetable for tapering bond purchases.</p><p>Although Powell reiterated his intention to reduce bond purchases this year, this was already evident in the Federal Reserve's meeting minutes. Furthermore, he did not disclose the timing and extent of the reduction in bond purchases, leading investors to interpret his speech as \"dovish\". The three major U.S. stock indexes jumped in response.</p><p>The Dow Jones Industrial Average rose 0.69%, the S&P 500 rose 0.88% to a new high, and the Nasdaq Composite Index also rose 1.23% to a new high. The Dow Jones Industrial Average rose 0.96% this week, the Nasdaq Composite rose 2.82%, and the S&P 500 rose 1.52% this week.</p><p><b>Most popular Chinese concept stocks closed lower on Friday, with Mogujie rising over 11%.</b></p><p>Most popular Chinese concept stocks closed lower on Friday.<a href=\"https://laohu8.com/S/BLCT\">Blue City Brothers</a>It fell nearly 12%, and SoYoung fell nearly 11%.<a href=\"https://laohu8.com/S/VNET\">21st Century Internet</a>$Jiayin<a href=\"https://laohu8.com/S/KIM\">Jinke</a>(JFIN) $ fell more than 10%,<a href=\"https://laohu8.com/S/GDS\">Global Data</a>It fell nearly 10%.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>It fell by more than 3%;<a href=\"https://laohu8.com/S/MOGU\">Mogujie</a>It rose more than 11%, and at one point rose nearly 30% in pre-market trading.</p><p><b>European stock markets closed higher across the board, with the pan-European Stoxx 600 index rising 0.43%.</b></p><p>The pan-European Stoxx 600 index closed up 2.00 points, or 0.43%, at 472.34. Mining stocks led the gains, rising 2%, while utilities stocks bucked the trend, falling 0.4%.</p><p><b>Crude oil prices closed in a hurricane, with the two major crude oil futures contracts recording their biggest weekly gains since June last year.</b></p><p>U.S. regulators say oil production in the Gulf of Mexico fell by 59% and natural gas production by 49% before Tropical Storm Ida hit.</p><p>Oil prices rebounded from the previous trading day's decline. U.S. WTI crude oil futures for October delivery rose 1.96%, while Brent crude oil futures for October delivery rose 2.29%. This week, US crude oil rose 10.62% cumulatively, while Brent crude closed up 11.54% cumulatively.</p><p><b>Weighing the impact of Powell's remarks, gold rebounded above $1,800, hitting a near four-week high.</b></p><p>Investors weigh Federal Reserve Chairman Powell's speech in Jackson Hole.<a href=\"https://laohu8.com/S/CNBC\">Central Bank</a>Speaking at a seminar, gold futures fluctuated, closing up 1.4%, returning above the key $1,800 mark and hitting a near four-week high.</p><p>International macro</p><p><b>Powell's speech was \"conventional\": reinforcing Taper expectations; vague wording put pressure on the dollar.</b></p><p>The Jackson Hole annual meeting kicked off with Powell's speech on the economic outlook. Although Powell, as expected, reinforced his expectations of tapering QE this year and explicitly suppressed the correlation between rate hike, the ambiguity left in the wording put pressure on the dollar to weaken.</p><p><b>Powell's \"empty\" speech failed to convince the public, prompting several local Federal Reserve officials to launch a \"siege\" of him.</b></p><p>Kaplan and St. Louis Fed President Bullard reiterated their \"hawkish stance\" an hour before Powell's speech.</p><p>Dallas Fed President Kaplan stated that the Fed should begin adjusting its asset purchases as soon as possible, and the reduction in bond purchases should be completed within approximately eight months.</p><p><b>The White House predicts that the U.S. government's budget deficit will reach $3.12 trillion in fiscal year 2021.</b></p><p>The White House released a report predicting that if the budget deficit for this fiscal year ultimately settles at $3.12 trillion, it will become the second-largest deficit in U.S. history, lower only than last year's $3.129 trillion.</p><p><b>Spending slowed income growth, and the Fed's favorite inflation gauge hit a new 30-year high.</b></p><p>According to data from the U.S. Department of Commerce, the U.S. PCE price index rose 4.2% year-on-year in July, compared to 4% in the previous month and 4.1% expected. The U.S. core PCE price index rose 3.6% year-on-year in July, compared to 3.5% in the previous month and 3.6% expected, reaching its highest level in 30 years.</p><p><b>New troubles for Robinhoods and others: Targeted by the US SEC</b></p><p>The $15 billion fund raised last year will not yield the same returns as we have achieved in the past three crises. The whole world is in a low-return environment, and it is very difficult to obtain high returns.</p><p>Company News</p><p><b>1、</b><a href=\"https://laohu8.com/NW/2162078768\" target=\"_blank\"><b>Transfer fee 190 million! Cristiano Ronaldo returns to Manchester United, Manchester United's stock price surges nearly 6%</b></a></p><p>After more than a decade away, Cristiano Ronaldo has returned to what he calls \"home.\"<a href=\"https://laohu8.com/S/MANU\">Manchester United</a>This not only drew cheers from fans but also fueled investor enthusiasm, driving up Manchester United's stock price. On August 28, Beijing time, Manchester United's U.S. stock closed up 5.79% at $18.28.</p><p><b>2、</b><a href=\"https://laohu8.com/NW/2162078900\" target=\"_blank\"><b>The biggest IPO of a car company is coming: $80 billion! Tesla's formidable rival Rivian submits application</b></a><b></b></p><p>backing<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Rivian, an electric vehicle startup, announced that it has secretly filed for an IPO with the U.S. Securities and Exchange Commission (SEC). The size and price range of the IPO have not yet been determined.</p><p><b>3、</b><a href=\"https://laohu8.com/NW/2162078003\" target=\"_blank\"><b>Affirm, the US version of Alipay, surged over 35% in after-hours trading after launching an installment payment service in partnership with Amazon.</b></a></p><p>E-commerce giants<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>Amazon announced that it will partner with Affirm, the \"US version of Alipay,\" to offer users installment payment options for the first time. Following the news, Affirm's stock price surged by more than 40% in after-hours trading on Friday, before falling only slightly as of press time. Amazon's stock price remained unchanged.</p><p><b>4、</b><a href=\"https://laohu8.com/NW/2162202473\" target=\"_blank\"><b>Musk mocks Bezos: He has a full-time job after retirement and is suing SpaceX.</b></a></p><p>According to reports,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>CEO Elon Musk today mocked Amazon founder Jeff Bezos, saying that after Bezos retired, he found a new full-time job: suing SpaceX.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b23574aac95526c9e5c62ebc8dd25130","relate_stocks":{"161125":"标普500","PSQ":"做空纳斯达克100指数ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares",".SPX":"S&P 500 Index","TQQQ":"纳指三倍做多ETF","SPY":"标普500ETF","DDM":"2倍做多道指ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares","DOG":"道指ETF-ProShares做空","OEX":"标普100","QNETCN":"纳斯达克中美互联网老虎指数","IVV":"标普500ETF-iShares","TTTN":"老虎中美互联网巨头ETF","OEF":"标普100指数ETF-iShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares",".DJI":"道琼斯","SQQQ":"纳指三倍做空ETF","SPXU":"三倍做空标普500ETF-ProShares",".IXIC":"NASDAQ Composite"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187941678","content_text":"摘要：年内何时Taper留悬念，标普纳指延续狂欢创新高；转会费1.9亿！C罗回归曼联，曼联股价暴涨近6%；汽车公司最大IPO要来了！特斯拉劲敌Rivian提交申请；美版花呗Affirm盘后涨逾35%。\n\n海外市场\n美股收盘：年内何时Taper留悬念 标普纳指延续狂欢创新高\n美联储主席鲍威尔在杰克逊霍尔全球央行年会上发表讲话称，今年内联储可能开始缩减QE购债，但“开启缩减购债的时间和速度并不是要直接释放加息时间的信号”，即使彻底结束购债也不代表马上就开始加息，警告过早加息的风险，并未给出任何缩减购债的详细时间表。\n虽然鲍威尔重申将于年内缩减债券购买规模，但这早已出现在美联储公布的会议纪要上。并且他不透露缩减购债的时间和程度的行为，让投资者将他的讲话解读为“鸽派”。美股三大指数应声跳涨。\n道琼斯指数涨0.69%，标普500指数涨0.88%创下新高，纳斯达克综合指数涨1.23%也创下新高。道指本周累涨0.96%，纳指本周累涨2.82%，标普500指数本周累涨1.52%。\n热门中概股周五收盘多数走低 蘑菇街涨超11%\n热门中概股周五收盘多数走低，蓝城兄弟跌近12%，新氧跌近11%，世纪互联、$嘉银金科(JFIN)$跌超10%，万国数据跌近10%，阿里巴巴跌超3%；蘑菇街涨超11%，盘前一度涨近30%。\n欧洲股市全线收高 泛欧斯托克600指数收涨0.43%\n泛欧斯托克600指数收涨2.00点，涨幅0.43%，报472.34点。其中矿业类股领涨，涨幅2%，公用事业类股逆市下跌0.4%。\n原油收盘飓风来袭 两大原油期货录得去年6月以来最大单周涨幅\n美国监管机构表示，在热带风暴艾达来临之前，美国墨西哥湾石油产量减少59%，天然气产量减少49%。\n油价自此前交易日的跌势中反弹。美国WTI原油10月原油期货涨1.96%，布伦特10月期货涨幅2.29%。本周，美油累计上涨10.62%，布油累计收涨11.54%。\n权衡鲍威尔言论影响 黄金重回1800美元上方创近四周新高\n投资者权衡美联储主席鲍威尔在杰克逊霍尔中央银行家研讨会上的讲话，黄金期货震荡收涨1.4%，重回1800美元关键关口上方，创近四周新高。\n国际宏观\n鲍威尔讲话“中规中矩”：巩固Taper预期 模糊措辞令美元承压\n杰克逊霍尔年会在鲍威尔有关经济前景的讲话中拉开帷幕，虽然鲍威尔如预期般巩固了年内缩减QE的预期且明确打压加息关联性，但措辞文本中留下的模糊地带令美元承压走弱。\n鲍威尔“空洞”讲话难服众 多位美联储地方官员对其展开“围攻”\n卡普兰和圣路易斯联储主席布拉德在鲍威尔讲话前一个小时，再次重申他们的“鹰派立场”。\n达拉斯联储主席卡普兰称，美联储应该尽快开始资产购买调整，缩减购债规模应该在大约8个月的时间内完成。\n白宫预测：美国政府2021财年预算赤字将达到3.12万亿美元\n美国白宫发布一份报告预测称，如果本财年的预算赤字最终定格在3.12万亿美元，本财年将成为美国历史上赤字第二高的一年，仅低于去年的3.129万亿美元。\n支出放缓收入增长，美联储最爱通胀指标再创30年来新高\n根据美国商务部数据，美国7月PCE物价指数同比升4.2%，前值为4%，预期为4.1%。美国7月核心PCE物价指数同比升3.6%，前值为3.5%，预期为3.6%，再创30年来最高水平。\nRobinhood们的新麻烦：被美国SEC盯上了\n去年筹集的150亿美元基金回报率不会像我们在过去三次危机中所取得的回报那么高。整个世界都处在低回报的环境中，要获取高收益十分困难。\n公司新闻\n1、转会费1.9亿！C罗回归曼联 曼联股价暴涨近6%\n阔别10余年之后，克里斯蒂亚诺·罗纳尔多回到了被他称为“家”的曼联，不仅让球迷欢呼雀跃，投资者也热情高涨，推动曼联股价上涨。北京时间8月28日，曼联美股收盘大涨5.79%，股价报18.28美元。\n2、汽车公司最大IPO要来了：800亿美元！特斯拉劲敌Rivian提交申请\n背靠亚马逊的电动汽车初创公司Rivian宣布已经向美国证券交易委员会（SEC）秘密递交IPO申请。IPO的规模和价格范围还没有确定。\n3、与亚马逊联合推出分期付款服务 “美版花呗”Affirm盘后大涨逾35%\n电商巨头亚马逊（Amazon）宣布，将与“美版花呗”Affirm合作，首次为用户提供分期付款选项。该消息传出后，Affirm的股价周五盘后一度飙升逾40%，截至发稿仅小幅回落。亚马逊的股价则未有明显变化。\n4、马斯克拿贝索斯开涮：退休后又有了全职工作 起诉SpaceX\n据报道，特斯拉CEO埃隆·马斯克（Elon Musk）今日拿亚马逊创始人杰夫·贝索斯（Jeff Bezos）开涮，称贝索斯退休后，又找到了新的全职工作：起诉SpaceX。","news_type":1,"symbols_score_info":{"161125":0.9,"SDOW":0.9,"SDS":0.9,".SPX":0.9,"DOG":0.9,".DJI":0.9,"DDM":0.9,"PSQ":0.9,"NQmain":0.9,"OEF":0.9,"QNETCN":0.9,".IXIC":0.9,"ESmain":0.9,"QLD":0.9,"SPY":0.9,"TTTN":0.9,"OEX":0.9,"TQQQ":0.9,"SPXU":0.9,"IVV":0.9,"SQQQ":0.9,"MNQmain":0.9}},"isVote":1,"tweetType":1,"viewCount":1873,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":834217572,"gmtCreate":1629806318696,"gmtModify":1676530136797,"author":{"id":"3572776965259682","authorId":"3572776965259682","name":"cheong6265","avatar":"https://static.tigerbbs.com/ca7e234da6cd2aa2bcbbd0ccbb67927e","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3572776965259682","idStr":"3572776965259682"},"themes":[],"title":"","htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/834217572","repostId":"1187769359","repostType":4,"repost":{"id":"1187769359","kind":"news","pubTimestamp":1629805520,"share":"https://ttm.financial/m/news/1187769359?lang=en_US&edition=fundamental","pubTime":"2021-08-24 19:45","market":"hk","language":"zh","title":"Huazhu Group's revenue in the second quarter was 3.6 billion yuan, an increase of 83.7% year-on-year.","url":"https://stock-news.laohu8.com/highlight/detail?id=1187769359","media":"观点地产网","summary":"截至2021年6月30日，共有7,126家在营酒店(或692,284间在营酒店客房)。","content":"<p>On August 24,<a href=\"https://laohu8.com/S/HTHT\">Huazhu</a>The Group Limited released its unaudited financial results announcement for the second quarter and interim period of 2021, the resignation of directors, and overseas regulatory announcements.</p><p>According to Guandian Real Estate New Media, Ms. Zhang Min has resigned from her positions as director and vice chairman of Huazhu for personal reasons, effective August 24, 2021. Zhang Min has confirmed that she has no disagreements with the company's board of directors, and there are no matters related to her resignation that need to be brought to the attention of Huazhu shareholders or The Stock Exchange of Hong Kong Limited.</p><p>Financial reports show that as of June 30, 2021, Huazhu Group had 7,126 operating hotels (or 692,284 operating hotel rooms).</p><p><b>Second Quarter Results</b></p><p>In the second quarter, hotel revenue increased by 97.8% year-on-year to RMB13.1 billion. Excluding Steigenberger Hotels AG and its subsidiaries, hotel turnover in the second quarter increased by 95.2% year-on-year.</p><p><b>In the second quarter, revenue grew 83.7% year-over-year to RMB 3.6 billion, lower than the previously announced guidance of 87% to 89% revenue growth. Revenue from Legacy-Huazhu grew 84.6% year-over-year in the second quarter, lower than the previously announced guidance of 90% to 92% revenue growth.</b></p><p>In the second quarter of 2021, net profit attributable to Huazhu Group Co., Ltd. was RMB378 million (equivalent to US$59 million), compared to a net loss attributable to Huazhu Group Co., Ltd. of RMB548 million in the same period last year, compared to a net loss attributable to Huazhu Group Co., Ltd. of RMB248 million in the previous quarter.</p><p>Excluding share-based compensation expenses and unrealized gains (losses) arising from changes in the fair value of equity securities, the adjusted net profit attributable to Huazhu Group Co., Ltd. in the second quarter of 2021 (non-GAAP) was RMB464 million, compared to an adjusted net loss attributable to Huazhu Group Co., Ltd. in the second quarter of 2020 (non-GAAP) of RMB476 million.</p><p>In the second quarter of 2021, EBITDA (non-GAAP) was RMB957 million, compared to a negative RMB169 million in the second quarter of 2020.</p><p>Excluding share-based compensation expenses and unrealized gains (losses) arising from changes in the fair value of equity securities, adjusted EBITDA (non-GAAP) for the second quarter of 2021 was RMB1 billion, and adjusted EBITDA (non-GAAP) from Legacy-Huazhu was RMB1.1 billion.</p><p>In the third quarter of 2021, Huazhu expects revenue to grow by 8% to 12% compared to the third quarter of 2020, or by 4% to 8% if DH is not included. To provide more meaningful guidance without the impact of COVID-19, Huazhu expects revenue to grow by 12% to 16% compared to revenue in the third quarter of 2019 before COVID-19, or revenue to decrease by 3% to 7% if DH is excluded.</p><p><b>FIRST HALF</b></p><p>In the first half of 2021, Huazhu's revenue was RMB5.9 billion, representing a 49.1% increase compared to the first half of 2020, while revenue from Legacy-Huazhu was RMB5.5 billion, representing a 78.1% year-on-year increase. Revenue from leasing and owned hotels amounted to RMB3.7 billion, representing a year-on-year increase of 33.7%; Revenue from leasing and owned hotels of Legacy-Huazhu amounted to RMB3.3 billion, representing a year-on-year increase of 72.2%.</p><p>In the first half of 2021, operating profit was RMB 54 million, compared to a negative RMB 1.4 billion in 2020. Excluding share-based compensation expenses, adjusted operating profit (non-GAAP) was RMB117 million, compared to RMB1.3 billion in 2020, and operating profit from Legacy-Huazhu was RMB592 million, compared to an operating loss of RMB938 million in 2020.</p><p>In the first half of 2021, the operating profit margin was 0.9%, and the operating profit margin from Legacy-Huazhu was 10.7%, compared to -30.2% in 2020; Net profit attributable to Huazhu Group Co., Ltd. was RMB 130 million, compared to a negative RMB 2.7 billion in 2020; Basic and diluted earnings per share were RMB0.04; Cash inflow from operations was RMB281 million, compared to cash outflow of RMB834 million in 2020.</p><p>As at 30 June 2021, Huazhu had a total debt balance of RMB10.7 billion and available undrawn credit facilities of RMB6.8 billion.</p>","source":"gddcw","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>Huazhu Group's revenue in the second quarter was 3.6 billion yuan, an increase of 83.7% year-on-year.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHuazhu Group's revenue in the second quarter was 3.6 billion yuan, an increase of 83.7% year-on-year.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">观点地产网</strong><span class=\"h-time small\">2021-08-24 19:45</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On August 24,<a href=\"https://laohu8.com/S/HTHT\">Huazhu</a>The Group Limited released its unaudited financial results announcement for the second quarter and interim period of 2021, the resignation of directors, and overseas regulatory announcements.</p><p>According to Guandian Real Estate New Media, Ms. Zhang Min has resigned from her positions as director and vice chairman of Huazhu for personal reasons, effective August 24, 2021. Zhang Min has confirmed that she has no disagreements with the company's board of directors, and there are no matters related to her resignation that need to be brought to the attention of Huazhu shareholders or The Stock Exchange of Hong Kong Limited.</p><p>Financial reports show that as of June 30, 2021, Huazhu Group had 7,126 operating hotels (or 692,284 operating hotel rooms).</p><p><b>Second Quarter Results</b></p><p>In the second quarter, hotel revenue increased by 97.8% year-on-year to RMB13.1 billion. Excluding Steigenberger Hotels AG and its subsidiaries, hotel turnover in the second quarter increased by 95.2% year-on-year.</p><p><b>In the second quarter, revenue grew 83.7% year-over-year to RMB 3.6 billion, lower than the previously announced guidance of 87% to 89% revenue growth. Revenue from Legacy-Huazhu grew 84.6% year-over-year in the second quarter, lower than the previously announced guidance of 90% to 92% revenue growth.</b></p><p>In the second quarter of 2021, net profit attributable to Huazhu Group Co., Ltd. was RMB378 million (equivalent to US$59 million), compared to a net loss attributable to Huazhu Group Co., Ltd. of RMB548 million in the same period last year, compared to a net loss attributable to Huazhu Group Co., Ltd. of RMB248 million in the previous quarter.</p><p>Excluding share-based compensation expenses and unrealized gains (losses) arising from changes in the fair value of equity securities, the adjusted net profit attributable to Huazhu Group Co., Ltd. in the second quarter of 2021 (non-GAAP) was RMB464 million, compared to an adjusted net loss attributable to Huazhu Group Co., Ltd. in the second quarter of 2020 (non-GAAP) of RMB476 million.</p><p>In the second quarter of 2021, EBITDA (non-GAAP) was RMB957 million, compared to a negative RMB169 million in the second quarter of 2020.</p><p>Excluding share-based compensation expenses and unrealized gains (losses) arising from changes in the fair value of equity securities, adjusted EBITDA (non-GAAP) for the second quarter of 2021 was RMB1 billion, and adjusted EBITDA (non-GAAP) from Legacy-Huazhu was RMB1.1 billion.</p><p>In the third quarter of 2021, Huazhu expects revenue to grow by 8% to 12% compared to the third quarter of 2020, or by 4% to 8% if DH is not included. To provide more meaningful guidance without the impact of COVID-19, Huazhu expects revenue to grow by 12% to 16% compared to revenue in the third quarter of 2019 before COVID-19, or revenue to decrease by 3% to 7% if DH is excluded.</p><p><b>FIRST HALF</b></p><p>In the first half of 2021, Huazhu's revenue was RMB5.9 billion, representing a 49.1% increase compared to the first half of 2020, while revenue from Legacy-Huazhu was RMB5.5 billion, representing a 78.1% year-on-year increase. Revenue from leasing and owned hotels amounted to RMB3.7 billion, representing a year-on-year increase of 33.7%; Revenue from leasing and owned hotels of Legacy-Huazhu amounted to RMB3.3 billion, representing a year-on-year increase of 72.2%.</p><p>In the first half of 2021, operating profit was RMB 54 million, compared to a negative RMB 1.4 billion in 2020. Excluding share-based compensation expenses, adjusted operating profit (non-GAAP) was RMB117 million, compared to RMB1.3 billion in 2020, and operating profit from Legacy-Huazhu was RMB592 million, compared to an operating loss of RMB938 million in 2020.</p><p>In the first half of 2021, the operating profit margin was 0.9%, and the operating profit margin from Legacy-Huazhu was 10.7%, compared to -30.2% in 2020; Net profit attributable to Huazhu Group Co., Ltd. was RMB 130 million, compared to a negative RMB 2.7 billion in 2020; Basic and diluted earnings per share were RMB0.04; Cash inflow from operations was RMB281 million, compared to cash outflow of RMB834 million in 2020.</p><p>As at 30 June 2021, Huazhu had a total debt balance of RMB10.7 billion and available undrawn credit facilities of RMB6.8 billion.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"http://www.guandian.cn/article/20210824/269473.html\">观点地产网</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6d1d788332afef7e8cc5c9600e293521","relate_stocks":{"01179":"华住集团-S","HTHT":"华住"},"source_url":"http://www.guandian.cn/article/20210824/269473.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187769359","content_text":"8月24日，华住集团有限公司发布2021年第二季度及中期未经审核财务业绩公告、董事辞任及海外监管公告。\n据观点地产新媒体了解，张敏女士已因个人理由，提出辞去华住董事及副主席职务，自2021年8月24日起生效。张敏已确认，其与公司董事会并无分歧，亦无有关其辞任的事项须提请华住股东或香港联合交易所有限公司垂注。\n财报显示，截至2021年6月30日，华住集团共有7126家在营酒店（或692,284间在营酒店客房）。\n二季度业绩\n于第二季度，酒店营业额同比增长97.8%至人民币131亿元。不计入Steigenberger Hotels AG及其附属公司，第二季度的酒店营业额按年增加95.2%。\n于第二季度，收入同比增长83.7%至人民币36亿元，低于先前公布的收入增长87%至89%的指引，第二季度来自Legacy-Huazhu的收入同比增长84.6%，低于先前公布的收入增长90%至92%的指引。\n于2021年第二季度，归属于华住集团有限公司净利润为人民币3.78亿元（相当于59百万美元），去年同期归属于华住集团有限公司净亏损人民币5.48亿元，而上一季度为归属于华住集团有限公司净亏损人民币2.48亿元。\n不计入股权激励费用及因股本证券公允价值变动而产生的未变现收益（亏损），2021年第二季度归属于华住集团有限公司的经调整净利润（非公认会计准则）为人民币4.64亿元，相比之下2020年第二季度为归属于华住集团有限公司的经调整净亏损（非公认会计准则）人民币4.76亿元。\n2021年第二季度，EBITDA（非公认会计准则）为人民币9.57亿元，相比之下2020年第二季度为负人民币1.69亿元。\n不计入股权激励费用及因股本证券公允价值变动而产生的未变现收益（亏损），2021年第二季度的经调整EBITDA（非公认会计准则）为人民币10亿元，来自Legacy-Huazhu的经调整EBITDA（非公认会计准则）为人民币11亿元。\n于2021年第三季度，华住预期收入将较2020年第三季度增长8%至12%，或增长4%至8%（倘不计入DH）。为了提供在撇除COVID-19的影响之情况下更有意义的指引，华住预期收入将较未发生COVID-19前的2019年第三季度的收入增长12%至16%，或收入减少3%至7%（倘不计入DH）。\n上半年业绩\n于2021年上半年，华住收入为人民币59亿元，较2020年上半年增长49.1%，来自Legacy-Huazhu的收入为人民币55亿元，同比增长78.1%；租赁及自有酒店的收入为人民币37亿元，同比增长33.7%；来自Legacy-Huazhu的租赁及自有酒店的收入为人民币33亿元，同比增长72.2%。\n2021年上半年，经营利润为人民币5400万元，相比之下2020年为负人民币14亿元。不计入股权激励费用，经调整经营利润（非公认会计准则）为人民币1.17亿元，相比之下2020年则为人民币13亿元，来自Legacy-Huazhu的经营利润为人民币5.92亿元，相比之下2020年则为经营亏损人民币9.38亿元。\n2021年上半年，经营利润率为0.9%，来自Legacy-Huazhu的经营利润率为10.7%，相比之下2020年为负30.2%；归属于华住集团有限公司的净利润为人民币1.30亿元，相比之下2020年为负人民币27亿元；每股股份的基本及摊薄盈利为人民币0.04元；经营现金流入为人民币2.81亿元，相比之下2020年则为现金流出人民币8.34亿元。\n于2021年6月30日，华住总债务余额为人民币107亿元及可使用的未动用信贷融资为人民币68亿元。","news_type":1,"symbols_score_info":{"HTHT":0.9,"01179":0.9}},"isVote":1,"tweetType":1,"viewCount":1762,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":830185666,"gmtCreate":1629030174055,"gmtModify":1676529913421,"author":{"id":"3572776965259682","authorId":"3572776965259682","name":"cheong6265","avatar":"https://static.tigerbbs.com/ca7e234da6cd2aa2bcbbd0ccbb67927e","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3572776965259682","idStr":"3572776965259682"},"themes":[],"title":"","htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/830185666","repostId":"1196972339","repostType":4,"repost":{"id":"1196972339","kind":"news","pubTimestamp":1629023228,"share":"https://ttm.financial/m/news/1196972339?lang=en_US&edition=fundamental","pubTime":"2021-08-15 18:27","market":"us","language":"zh","title":"Market \"New Toy\": A bunch of flying taxi companies are about to go public","url":"https://stock-news.laohu8.com/highlight/detail?id=1196972339","media":"华尔街见闻","summary":"他们想象出了一个“空中城市交通”的市场，以此与Uber竞争。","content":"<p>Author: Han Xuyang</p><p>A few years ago, most investors had never even heard of \"flying taxis\".</p><p>Now, they need to decide whether to be the first to enter the market or wait for these startups to make real progress in their technology, whose development prospects are becoming increasingly clear.</p><p>Replace helicopters?</p><p>Niche companies that have gone public include pioneers like Joby, Lilium, and air ambulance company Dufour.</p><p>On Wednesday, California-based Joby Aviation completed a merger and acquisition deal with a special purpose acquisition firm.</p><p>Its stock price initially surged 40%, reflecting investors' strong welcome of the first flying taxi company's entry into the stock market.</p><p>Soon, companies such as Archer Aviation, Vertical Aerospace, and Lilium Air Mobility, which develop electric Vertical takeoff and landing (eVTOL) flying cars, will also plan to go public.</p><p>Other companies are also waiting for the right opportunity, such as the lesser-known Swiss startup Dufour Aerospace, which is particularly focused on the air ambulance business.</p><p>For eVTOL vehicles, the most viable path to success is to replace commercial helicopters. These helicopters have an average lifespan of 20 years, are noisy and unsafe.</p><p>The air taxis under development are similar. Although operators claim that their noise will be increased by 100 times,<b>However, operating costs have been reduced by at least three times.</b></p><p>But the helicopter market is only worth $50 billion.<b>Analysts predict that the eVTOL market will reach $1 trillion in 20 years.</b></p><p>Most companies do not position their business models as \"helicopters\"; instead, they envision a market for \"aerial urban transportation\" to compete with Uber.</p><p>According to the Wall Street Journal, Joby Executive Chairman Paul Sciarra stated:</p><p><b>Joby wants to launch this technology first, and then determine the market direction.</b>Theoretically, air taxis could both ensure New Yorkers' daily commutes and allow them to fly to Philadelphia for trips. We've found that four seats are optimal for the vast majority of trips. Competitive advantage in a specific field</p><p>As a pioneer in going public, Joby is already in a leading position in research and development, funding, and technology certification.<b>Its prototype aircraft has undergone more than 1,000 test flights, while Archer and Vertical's four-seater aircraft have yet to undergo a single test flight.</b></p><p>The economies of scale generated by pioneers in production may be an obstacle to development for later competitors, but these later competitors may occupy a more advantageous position in some specific fields.</p><p>In Germany, Lilium is testing a six-seater car for regional routes; Volocopter is developing a single-seater car that can travel 22 miles.</p><p>Since taxis rarely carry more than two people, this seems more suitable than Joby's cars for routes to airports in places like New York, Paris, and Singapore.</p><p>Dufour, which is currently preparing for its next round of private financing, has developed a hybrid tilt-wing flying car that is clearly intended to surpass helicopters, especially light helicopters that are often used for emergency medical services.</p><p>Air ambulance may only be worth $10 billion, but its growth potential could be very strong. The cost of airlifting an injury can be as high as $50,000.</p><p>Dufour CEO Thomas Pfammatter said:</p><p>If costs can be reduced, air ambulances can save doctors and nurses a lot of time, and it will soon compete with land transportation.</p>","source":"highlight_wallstreetcn","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>Market \"New Toy\": A bunch of flying taxi companies are about to go public</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket \"New Toy\": A bunch of flying taxi companies are about to go public\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-08-15 18:27</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Author: Han Xuyang</p><p>A few years ago, most investors had never even heard of \"flying taxis\".</p><p>Now, they need to decide whether to be the first to enter the market or wait for these startups to make real progress in their technology, whose development prospects are becoming increasingly clear.</p><p>Replace helicopters?</p><p>Niche companies that have gone public include pioneers like Joby, Lilium, and air ambulance company Dufour.</p><p>On Wednesday, California-based Joby Aviation completed a merger and acquisition deal with a special purpose acquisition firm.</p><p>Its stock price initially surged 40%, reflecting investors' strong welcome of the first flying taxi company's entry into the stock market.</p><p>Soon, companies such as Archer Aviation, Vertical Aerospace, and Lilium Air Mobility, which develop electric Vertical takeoff and landing (eVTOL) flying cars, will also plan to go public.</p><p>Other companies are also waiting for the right opportunity, such as the lesser-known Swiss startup Dufour Aerospace, which is particularly focused on the air ambulance business.</p><p>For eVTOL vehicles, the most viable path to success is to replace commercial helicopters. These helicopters have an average lifespan of 20 years, are noisy and unsafe.</p><p>The air taxis under development are similar. Although operators claim that their noise will be increased by 100 times,<b>However, operating costs have been reduced by at least three times.</b></p><p>But the helicopter market is only worth $50 billion.<b>Analysts predict that the eVTOL market will reach $1 trillion in 20 years.</b></p><p>Most companies do not position their business models as \"helicopters\"; instead, they envision a market for \"aerial urban transportation\" to compete with Uber.</p><p>According to the Wall Street Journal, Joby Executive Chairman Paul Sciarra stated:</p><p><b>Joby wants to launch this technology first, and then determine the market direction.</b>Theoretically, air taxis could both ensure New Yorkers' daily commutes and allow them to fly to Philadelphia for trips. We've found that four seats are optimal for the vast majority of trips. Competitive advantage in a specific field</p><p>As a pioneer in going public, Joby is already in a leading position in research and development, funding, and technology certification.<b>Its prototype aircraft has undergone more than 1,000 test flights, while Archer and Vertical's four-seater aircraft have yet to undergo a single test flight.</b></p><p>The economies of scale generated by pioneers in production may be an obstacle to development for later competitors, but these later competitors may occupy a more advantageous position in some specific fields.</p><p>In Germany, Lilium is testing a six-seater car for regional routes; Volocopter is developing a single-seater car that can travel 22 miles.</p><p>Since taxis rarely carry more than two people, this seems more suitable than Joby's cars for routes to airports in places like New York, Paris, and Singapore.</p><p>Dufour, which is currently preparing for its next round of private financing, has developed a hybrid tilt-wing flying car that is clearly intended to surpass helicopters, especially light helicopters that are often used for emergency medical services.</p><p>Air ambulance may only be worth $10 billion, but its growth potential could be very strong. The cost of airlifting an injury can be as high as $50,000.</p><p>Dufour CEO Thomas Pfammatter said:</p><p>If costs can be reduced, air ambulances can save doctors and nurses a lot of time, and it will soon compete with land transportation.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3637969\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e5e17dcb01bad65e64574f306bc55d3a","relate_stocks":{},"source_url":"https://wallstreetcn.com/articles/3637969","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1196972339","content_text":"作者：韩旭阳\n几年前，大多数投资者甚至从未听说过 \"飞行出租车\"。\n而现在，他们需要决定，是要“做第一个吃螃蟹的人”率先进入该市场，还是等待这些初创公司的技术有实际进展，其发展前景越来越明晰。\n取代直升机？\n扎堆上市的小众企业有Joby这样的先行者、Lilium，以及空中救护车公司Dufour等。\n周三，总部位于加州的Joby Aviation完成了与一家特殊目的收购公司的并购交易。\n其股价最初爆涨40%，这反映出投资者对第一家飞行出租车公司进入股票市场十分欢迎。\n很快，Archer Aviation、Vertical Aerospace和Lilium Air Mobility等开发电动垂直起降飞行汽车（eVTOL）的公司，同样计划上市。\n其他公司也在等待时机，比如知名度较低的瑞士初创公司Dufour Aerospace，其特别关注空中救护车业务。\n对于eVTOL汽车来说，最可行的成功途径是取代商业直升机。这些直升机平均寿命为20年，噪音大且不安全。\n正在开发中的空中出租车与其类似。虽然运营商声称它们的噪音将提高100倍，但运营成本至少降低3倍。\n但直升机市场只值500亿美元，而分析师们预测20年后eVTOL的市场规模将达到1万亿美元。\n大多数公司不将自己的业务模式定位于“直升机”，相反，他们想象出了一个“空中城市交通”的市场，以此与Uber竞争。\n据华尔街日报报道，Joby执行主席Paul Sciarra表示：\n\nJoby是想先推出这项技术，然后再确定市场的走向。从理论上讲，空中出租车既能保障纽约人的日常通勤，也能让他们飞往费城旅行。我们发现，在绝大多数旅行中，4个座位是最佳的。\n\n在特定领域的竞争优势\nJoby作为上市的先行者，在研发、资金和技术认证方面都已经处于领先地位。它的原型机已经进行了1000多次试飞，而Archer和Vertical的四人座飞机还没有进行过一次试飞。\n先行者在生产中产生的规模经济效应，对后来者来说可能是发展的阻碍，但这些后来的竞争者可能在一些特定的领域中占据更有利的位置。\n在德国，Lilium公司正在测试一款用于区域路线的6人座汽车；而Volocopter公司正在开发一款可行驶22英里的单人座汽车。\n由于出租车很少载人超过2人，这似乎比Joby的汽车更适合纽约、巴黎和新加坡等地到机场的路线。\n目前正在准备下一轮私人融资的Dufour公司，其开发的混合型倾斜翼飞行汽车显然是为了超越直升机，特别是经常用于紧急医疗服务的轻型直升机。\n空中救护车可能只价值100亿美元，但它的成长性可能非常强。受伤后进行空运的费用可能高达5万美元。\nDufour的首席执行官Thomas Pfammatter对此表示：\n\n 如果能够降低费用，空中救护车能为医生和护士节省大量时间，它将很快与陆地交通工具进行竞争。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1173,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897524962,"gmtCreate":1628946659356,"gmtModify":1676529898140,"author":{"id":"3572776965259682","authorId":"3572776965259682","name":"cheong6265","avatar":"https://static.tigerbbs.com/ca7e234da6cd2aa2bcbbd0ccbb67927e","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3572776965259682","idStr":"3572776965259682"},"themes":[],"title":"","htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/897524962","repostId":"1100243251","repostType":4,"repost":{"id":"1100243251","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1628935539,"share":"https://ttm.financial/m/news/1100243251?lang=en_US&edition=fundamental","pubTime":"2021-08-14 18:05","market":"hk","language":"zh","title":"Rumors circulate that Xiaohongshu has begun a new round of financing, valuing it at over $10 billion.","url":"https://stock-news.laohu8.com/highlight/detail?id=1100243251","media":"老虎资讯综合","summary":"小红书此前已经完成六轮融资，最新一轮融资在今年上半年。","content":"<p>According to financial magazines, several investors close to Xiaohongshu recently told reporters that Xiaohongshu has begun a new round of financing, with a valuation exceeding $10 billion. Xiaohongshu has previously completed six rounds of financing. The latest round of financing was in the first half of this year. Xiaohongshu did not disclose this round of financing to the public. The aforementioned investor said that the valuation was around $6 billion at the time.</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>Rumors circulate that Xiaohongshu has begun a new round of financing, valuing it at over $10 billion.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRumors circulate that Xiaohongshu has begun a new round of financing, valuing it at over $10 billion.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-08-14 18:05</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>According to financial magazines, several investors close to Xiaohongshu recently told reporters that Xiaohongshu has begun a new round of financing, with a valuation exceeding $10 billion. Xiaohongshu has previously completed six rounds of financing. The latest round of financing was in the first half of this year. Xiaohongshu did not disclose this round of financing to the public. The aforementioned investor said that the valuation was around $6 billion at the time.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/cec2264fc35e6e89a4846187d3ab20a4","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100243251","content_text":"据财经杂志报道，近日，多位接近小红书的投资人告诉记者，小红书已经开始新一轮融资，估值超过100亿美元。小红书此前已经完成六轮融资，最新一轮融资在今年上半年，小红书并未对外披露这一轮融资，前述投资人称，当时估值是60亿美元左右。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1414,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817821528,"gmtCreate":1630933537464,"gmtModify":1676530423544,"author":{"id":"3572776965259682","authorId":"3572776965259682","name":"cheong6265","avatar":"https://static.tigerbbs.com/ca7e234da6cd2aa2bcbbd0ccbb67927e","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3572776965259682","idStr":"3572776965259682"},"themes":[],"title":"","htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/817821528","repostId":"1184980230","repostType":4,"isVote":1,"tweetType":1,"viewCount":5787,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811484535,"gmtCreate":1630336876527,"gmtModify":1676530274822,"author":{"id":"3572776965259682","authorId":"3572776965259682","name":"cheong6265","avatar":"https://static.tigerbbs.com/ca7e234da6cd2aa2bcbbd0ccbb67927e","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3572776965259682","idStr":"3572776965259682"},"themes":[],"title":"","htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/811484535","repostId":"1135367295","repostType":4,"repost":{"id":"1135367295","kind":"news","pubTimestamp":1630335621,"share":"https://ttm.financial/m/news/1135367295?lang=en_US&edition=fundamental","pubTime":"2021-08-30 23:00","market":"us","language":"zh","title":"[One Chart to Understand] Q2 Performance Comparison of Nio, Li Auto, and XPeng Motor Company","url":"https://stock-news.laohu8.com/highlight/detail?id=1135367295","media":"新浪科技","summary":"","content":"<p><img src=\"https://static.tigerbbs.com/82bd80d1d3dd9200b13942964b7bb248\" tg-width=\"550\" tg-height=\"3161\" referrerpolicy=\"no-referrer\"></p>","source":"sina_tech","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>[One Chart to Understand] Q2 Performance Comparison of Nio, Li Auto, and XPeng Motor Company</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n[One Chart to Understand] Q2 Performance Comparison of Nio, Li Auto, and XPeng Motor Company\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪科技</strong><span class=\"h-time small\">2021-08-30 23:00</span>\n</p>\n</h4>\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/82bd80d1d3dd9200b13942964b7bb248\" tg-width=\"550\" tg-height=\"3161\" referrerpolicy=\"no-referrer\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/tech/2021-08-30/doc-iktzqtyt3080843.shtml\">新浪科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ccf08a65163213fb22b4f94f7fb404e8","relate_stocks":{"NIO":"蔚来","LI":"理想汽车","XPEV":"小鹏集团"},"source_url":"https://finance.sina.com.cn/tech/2021-08-30/doc-iktzqtyt3080843.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1135367295","news_type":1,"symbols_score_info":{"XPEV":0.9,"LI":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":1951,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818220047,"gmtCreate":1630415106889,"gmtModify":1676530296720,"author":{"id":"3572776965259682","authorId":"3572776965259682","name":"cheong6265","avatar":"https://static.tigerbbs.com/ca7e234da6cd2aa2bcbbd0ccbb67927e","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3572776965259682","idStr":"3572776965259682"},"themes":[],"title":"","htmlText":"Gg","listText":"Gg","text":"Gg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/818220047","repostId":"1171411957","repostType":4,"repost":{"id":"1171411957","kind":"news","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1630387892,"share":"https://ttm.financial/m/news/1171411957?lang=en_US&edition=fundamental","pubTime":"2021-08-31 13:31","market":"us","language":"zh","title":"Powell has reassured the market again, but can the US stock market rest easy?","url":"https://stock-news.laohu8.com/highlight/detail?id=1171411957","media":"华尔街见闻","summary":"面牵动市场心弦的Jackson Hole全球央行年会终于落下帷幕，美联储主席鲍威尔的鸽派发言让投资者们暂时松了一口气，但从长期来看，政策转向是大势所趋，美股依然面临众多考验。\n在周五(8月27日)的讲","content":"<p>The highly anticipated Jackson Hole global central bank meeting has finally concluded, and Federal Reserve Chairman Jerome Powell's dovish remarks have temporarily relieved investors.<b>However, in the long run, a policy shift is an inevitable trend, and the US stock market still faces numerous challenges.</b></p><p>In his speech on Friday (August 27), Powell emphasized that rising inflation is only temporary and for the first time explicitly stated that if economic progress continues, he and most Federal Reserve officials support the possibility of tapering bond purchases this year, but that tapering QE does not directly indicate a future rate hike. In fact, the United States is far from meeting the conditions for rate hike, and \"there is still a long way to go before full employment.\"</p><p>Powell's remarks not only confirmed the widespread expectations that Taper was about to launch, but also avoided the \"downsizing panic\" of 2013. The financial markets responded positively, similar to \"finally getting a boot off the ground,\" thus eliminating some policy uncertainty.</p><p>On that day, all three major U.S. stock indexes closed higher, with spot gold rebounding by more than $10 from its daily low in the short term, not only returning to the key psychological level of $1,800 but also standing above $1,810.</p><p><img src=\"https://static.tigerbbs.com/74ac764072a021b8d553965de4e2d0fb\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p><p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Analysts pointed out that Powell's speech was in line with expectations, as he confirmed the strong job growth in recent months and the downside risks posed by the Delta variant. The bank expects the Federal Reserve to provide advance notice in September and officially announce the start of tapering its bond purchases in November.</p><p>Specifically, Goldman Sachs estimates that the Federal Reserve has a 45% chance of making a formal announcement in November, a 35% chance of making a formal announcement in December, and a 20% chance of postponing it until 2022.</p><p><b>The road to austerity in the United States has been</b></p><p>Although the risk of the \"sword of Damocles\" of tightening US monetary policy has not yet fallen, with the US economy improving, inflation rising, and employment recovering, Taper and rate hike are an inevitable trend.</p><p>Steven Bell, chief economist at BMO Global Asset Management, recently stated that the market needs to recognize one fact.<b>That is, the fire is almost extinguished, and monetary policy remains at an emergency level, making it inappropriate to continue easing monetary policy.</b></p><p>It is worth mentioning that this time, many countries have already taken the lead in austerity measures ahead of the United States. Data released by U.S. investment bank Stiff Financial Corporation shows that after reaching a cyclical high of 22% year-on-year in March, the global broad money supply (M2) denominated in U.S. dollars has fallen back to slightly above 10% by the middle of this year.</p><p><b>The Federal Reserve, standing at this sensitive juncture of policy shift, remains hesitant, and looking around, policymakers and the market face numerous uncertainties.</b></p><p><b>On the one hand, inflation in the United States remains high.</b>Data released by the U.S. National Bureau of Statistics on August 11 showed that the U.S. overall CPI rose 5.4% year-on-year in July, higher than the expected 5.3% growth and unchanged from June's 5.4% increase, which remains the highest level since 2008.</p><p><img src=\"https://static.tigerbbs.com/33c9b534228ee4e8bd63ccd14729bdca\" tg-width=\"640\" tg-height=\"372\" referrerpolicy=\"no-referrer\"></p><p>Although Powell has repeatedly emphasized that the current round of inflation is only temporary and will subside as vaccinations and the pandemic is brought under control and supply catches up with demand, some Federal Reserve officials are concerned that supply chain disruptions and demand growth may continue to push up inflation until 2022 and beyond.</p><p>Ahead of the global central bank annual meeting, Philadelphia Federal Reserve President Patrick Harker said the Fed is facing the challenge of price pressures that have not subsided. He believes that inflation will be far higher than the Federal Reserve's target, and that inflation will continue to accelerate if the Fed does not take action. \"Inflation may not be so short-lived, which is a risk I worry about.\"</p><p>This will increase pressure on the Federal Reserve to tighten monetary policy as soon as possible. Recently, Greg Jensen, co-chief investment officer of Bridgewater Associates, the world's largest hedge fund, said in his market outlook that the Federal Reserve's tapering may be greater than market expectations, and interest rates will rise faster.</p><p><b>On the other hand, the outbreak of the Delta variant has cast a shadow over the prospects for economic recovery in the United States.</b></p><p>The preliminary reading of the University of Michigan's consumer confidence index for August plummeted 11 points from the previous month to 70.2, the lowest level since December 2011. The data fell far short of market expectations.</p><p>In addition, data released by the U.S. Department of Commerce on August 17 showed that U.S. retail sales fell 1.1% month-on-month in July, significantly exceeding the market expectation of a 0.3% decrease, compared to a 0.6% increase in the previous month.</p><p><img src=\"https://static.tigerbbs.com/7ddfca5645b5555b3b4a2f85e87cc9ca\" tg-width=\"640\" tg-height=\"373\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Following the release of this data, Goldman Sachs immediately announced that it had significantly lowered its forecast for U.S. GDP growth in the third quarter from 8.5% to 5.5%, and also lowered its forecast for full-year 2021 GDP growth from 6.4% to 6%, projecting that the U.S. economy would grow by 4.5% in 2022.</p><p>Goldman Sachs warned that the impact of the Delta variant on the economy and inflation is more severe than expected:</p><p>Consumer spending and production have both been impacted. Spending on catering, travel, and other services may decline in August, but we don't expect the decline to be too large or for too long. Production remains affected by supply chain disruptions, particularly in the automotive industry, which could mean fewer inventory rebuilds in the third quarter.<b>Risks are intensifying</b></p><p>As the pandemic spreads, economic growth is expected to slow, and expectations of the Federal Reserve tightening monetary policy are rising, uncertainties and risks in the US stock market are intensifying.</p><p>Michael Hartnett, global investment strategist at Bank of America Merrill Lynch, predicts negative returns for the U.S. stock market in the second half of this year, expressing concern about the threat of stagflation from rising inflation.</p><p><a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Chief U.S. equity strategist Mike Wilson also believes that U.S. stocks are on the verge of a correction. He suggested that, given the expected pullback, investors should invest in stocks with lower volatility and predict that the S&P 500 will be around 4,000 points by the end of the year, which means there is a 10% downside potential at current levels.</p><p>Goldman Sachs warned about the volatility of US stocks.</p><p>Rocky Fishma, derivatives strategist at Goldman Sachs, predicted last week that volatility in the U.S. stock market would surge next, based on the fact that the implied volatility curve of the VIX remained upward after rising 6 points in four days, reflecting expectations that volatility would continue to rise sharply.</p><p><b>In addition, the one-year VIX index futures price has risen to 26, near the top of its second/third quarter range, well above the spot market, but below its first quarter median of 28.</b>Goldman Sachs points out that since 1940, the only instances where the S&P 500's annual real volatility has exceeded 26% were the 1987 stock market crash, the 2008 financial crisis, and the 2020 pandemic.</p><p>For investors, using diversified instruments to hedge risk is the best way to control pullback/retracement.<b>CME group’s latest small-cap stock index contract, Micro e-Mini Futures, can help investors make newer and more refined risk allocations.</b></p><p>This tool offers the advantages of more flexible and smaller-scale contract expansion. Micro e-mini contracts are only one-tenth the size of traditional e-mini contracts, requiring only low margin to enter the market and access the opportunity to trade the S&P 500, Nasdaq 100, Dow Jones Industrial Average, and Russell 2000 U.S. indices.</p><p>In addition, miniature e-mini futures can be used to add more granularity and allow for fine-tuning of the index exposure of a particular position, precisely expanding or reducing the size of the index exposure. Meanwhile, micro e-mini futures can completely replace traditional e-mini contracts, allowing for flexible position management when market conditions change and making it easier to access deep liquidity.</p><p>According to reports, since its launch in 2019, the trading volume of micro e-mini stock index contracts has exceeded 800 million contracts. Global participation remained strong, with non-US trading volume accounting for 21% before the cash opening, and participants from more than 190 countries. In the first half of 2021, the average daily trading volume exceeded 460,000 contracts outside of the United States.</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>Powell has reassured the market again, but can the US stock market rest easy?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPowell has reassured the market again, but can the US stock market rest easy?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2021-08-31 13:31</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The highly anticipated Jackson Hole global central bank meeting has finally concluded, and Federal Reserve Chairman Jerome Powell's dovish remarks have temporarily relieved investors.<b>However, in the long run, a policy shift is an inevitable trend, and the US stock market still faces numerous challenges.</b></p><p>In his speech on Friday (August 27), Powell emphasized that rising inflation is only temporary and for the first time explicitly stated that if economic progress continues, he and most Federal Reserve officials support the possibility of tapering bond purchases this year, but that tapering QE does not directly indicate a future rate hike. In fact, the United States is far from meeting the conditions for rate hike, and \"there is still a long way to go before full employment.\"</p><p>Powell's remarks not only confirmed the widespread expectations that Taper was about to launch, but also avoided the \"downsizing panic\" of 2013. The financial markets responded positively, similar to \"finally getting a boot off the ground,\" thus eliminating some policy uncertainty.</p><p>On that day, all three major U.S. stock indexes closed higher, with spot gold rebounding by more than $10 from its daily low in the short term, not only returning to the key psychological level of $1,800 but also standing above $1,810.</p><p><img src=\"https://static.tigerbbs.com/74ac764072a021b8d553965de4e2d0fb\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\"></p><p><a href=\"https://laohu8.com/S/GS\">Goldman Sachs</a>Analysts pointed out that Powell's speech was in line with expectations, as he confirmed the strong job growth in recent months and the downside risks posed by the Delta variant. The bank expects the Federal Reserve to provide advance notice in September and officially announce the start of tapering its bond purchases in November.</p><p>Specifically, Goldman Sachs estimates that the Federal Reserve has a 45% chance of making a formal announcement in November, a 35% chance of making a formal announcement in December, and a 20% chance of postponing it until 2022.</p><p><b>The road to austerity in the United States has been</b></p><p>Although the risk of the \"sword of Damocles\" of tightening US monetary policy has not yet fallen, with the US economy improving, inflation rising, and employment recovering, Taper and rate hike are an inevitable trend.</p><p>Steven Bell, chief economist at BMO Global Asset Management, recently stated that the market needs to recognize one fact.<b>That is, the fire is almost extinguished, and monetary policy remains at an emergency level, making it inappropriate to continue easing monetary policy.</b></p><p>It is worth mentioning that this time, many countries have already taken the lead in austerity measures ahead of the United States. Data released by U.S. investment bank Stiff Financial Corporation shows that after reaching a cyclical high of 22% year-on-year in March, the global broad money supply (M2) denominated in U.S. dollars has fallen back to slightly above 10% by the middle of this year.</p><p><b>The Federal Reserve, standing at this sensitive juncture of policy shift, remains hesitant, and looking around, policymakers and the market face numerous uncertainties.</b></p><p><b>On the one hand, inflation in the United States remains high.</b>Data released by the U.S. National Bureau of Statistics on August 11 showed that the U.S. overall CPI rose 5.4% year-on-year in July, higher than the expected 5.3% growth and unchanged from June's 5.4% increase, which remains the highest level since 2008.</p><p><img src=\"https://static.tigerbbs.com/33c9b534228ee4e8bd63ccd14729bdca\" tg-width=\"640\" tg-height=\"372\" referrerpolicy=\"no-referrer\"></p><p>Although Powell has repeatedly emphasized that the current round of inflation is only temporary and will subside as vaccinations and the pandemic is brought under control and supply catches up with demand, some Federal Reserve officials are concerned that supply chain disruptions and demand growth may continue to push up inflation until 2022 and beyond.</p><p>Ahead of the global central bank annual meeting, Philadelphia Federal Reserve President Patrick Harker said the Fed is facing the challenge of price pressures that have not subsided. He believes that inflation will be far higher than the Federal Reserve's target, and that inflation will continue to accelerate if the Fed does not take action. \"Inflation may not be so short-lived, which is a risk I worry about.\"</p><p>This will increase pressure on the Federal Reserve to tighten monetary policy as soon as possible. Recently, Greg Jensen, co-chief investment officer of Bridgewater Associates, the world's largest hedge fund, said in his market outlook that the Federal Reserve's tapering may be greater than market expectations, and interest rates will rise faster.</p><p><b>On the other hand, the outbreak of the Delta variant has cast a shadow over the prospects for economic recovery in the United States.</b></p><p>The preliminary reading of the University of Michigan's consumer confidence index for August plummeted 11 points from the previous month to 70.2, the lowest level since December 2011. The data fell far short of market expectations.</p><p>In addition, data released by the U.S. Department of Commerce on August 17 showed that U.S. retail sales fell 1.1% month-on-month in July, significantly exceeding the market expectation of a 0.3% decrease, compared to a 0.6% increase in the previous month.</p><p><img src=\"https://static.tigerbbs.com/7ddfca5645b5555b3b4a2f85e87cc9ca\" tg-width=\"640\" tg-height=\"373\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Following the release of this data, Goldman Sachs immediately announced that it had significantly lowered its forecast for U.S. GDP growth in the third quarter from 8.5% to 5.5%, and also lowered its forecast for full-year 2021 GDP growth from 6.4% to 6%, projecting that the U.S. economy would grow by 4.5% in 2022.</p><p>Goldman Sachs warned that the impact of the Delta variant on the economy and inflation is more severe than expected:</p><p>Consumer spending and production have both been impacted. Spending on catering, travel, and other services may decline in August, but we don't expect the decline to be too large or for too long. Production remains affected by supply chain disruptions, particularly in the automotive industry, which could mean fewer inventory rebuilds in the third quarter.<b>Risks are intensifying</b></p><p>As the pandemic spreads, economic growth is expected to slow, and expectations of the Federal Reserve tightening monetary policy are rising, uncertainties and risks in the US stock market are intensifying.</p><p>Michael Hartnett, global investment strategist at Bank of America Merrill Lynch, predicts negative returns for the U.S. stock market in the second half of this year, expressing concern about the threat of stagflation from rising inflation.</p><p><a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Chief U.S. equity strategist Mike Wilson also believes that U.S. stocks are on the verge of a correction. He suggested that, given the expected pullback, investors should invest in stocks with lower volatility and predict that the S&P 500 will be around 4,000 points by the end of the year, which means there is a 10% downside potential at current levels.</p><p>Goldman Sachs warned about the volatility of US stocks.</p><p>Rocky Fishma, derivatives strategist at Goldman Sachs, predicted last week that volatility in the U.S. stock market would surge next, based on the fact that the implied volatility curve of the VIX remained upward after rising 6 points in four days, reflecting expectations that volatility would continue to rise sharply.</p><p><b>In addition, the one-year VIX index futures price has risen to 26, near the top of its second/third quarter range, well above the spot market, but below its first quarter median of 28.</b>Goldman Sachs points out that since 1940, the only instances where the S&P 500's annual real volatility has exceeded 26% were the 1987 stock market crash, the 2008 financial crisis, and the 2020 pandemic.</p><p>For investors, using diversified instruments to hedge risk is the best way to control pullback/retracement.<b>CME group’s latest small-cap stock index contract, Micro e-Mini Futures, can help investors make newer and more refined risk allocations.</b></p><p>This tool offers the advantages of more flexible and smaller-scale contract expansion. Micro e-mini contracts are only one-tenth the size of traditional e-mini contracts, requiring only low margin to enter the market and access the opportunity to trade the S&P 500, Nasdaq 100, Dow Jones Industrial Average, and Russell 2000 U.S. indices.</p><p>In addition, miniature e-mini futures can be used to add more granularity and allow for fine-tuning of the index exposure of a particular position, precisely expanding or reducing the size of the index exposure. Meanwhile, micro e-mini futures can completely replace traditional e-mini contracts, allowing for flexible position management when market conditions change and making it easier to access deep liquidity.</p><p>According to reports, since its launch in 2019, the trading volume of micro e-mini stock index contracts has exceeded 800 million contracts. Global participation remained strong, with non-US trading volume accounting for 21% before the cash opening, and participants from more than 190 countries. In the first half of 2021, the average daily trading volume exceeded 460,000 contracts outside of the United States.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4f6ec6e99c0c8b9feb7f296b78c65a54","relate_stocks":{".DJI":"道琼斯","IVV":"标普500ETF-iShares","QQQ":"纳指100ETF",".IXIC":"NASDAQ Composite","OEF":"标普100指数ETF-iShares","SQQQ":"纳指三倍做空ETF","SPXU":"三倍做空标普500ETF-ProShares","PSQ":"做空纳斯达克100指数ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares","SPY":"标普500ETF","TQQQ":"纳指三倍做多ETF","QLD":"2倍做多纳斯达克100指数ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares","OEX":"标普100","SDS":"两倍做空标普500 ETF-ProShares","DJX":"1/100道琼斯","SSO":"2倍做多标普500ETF-ProShares","UPRO":"三倍做多标普500ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171411957","content_text":"面牵动市场心弦的Jackson Hole全球央行年会终于落下帷幕，美联储主席鲍威尔的鸽派发言让投资者们暂时松了一口气，但从长期来看，政策转向是大势所趋，美股依然面临众多考验。\n在周五(8月27日)的讲话中，鲍威尔着重强调了通胀走高只是暂时的，并首度明确称如果经济进展持续，他与大多数美联储官员都支持可能在今年开始缩减买债（Taper），但减码QE并不直接暗示未来的加息时间。事实上，美国远未满足加息条件，“距离充分就业还有很长的路要走”。\n鲍威尔的发言既印证了人们对Taper即将开启的广泛预期，也能避免2013年时的“缩减恐慌”。金融市场作出了类似“终于有一只靴子落地”、进而消除了一部分政策不确定性的积极反应。\n当天，美国三大股指集体收涨，现货黄金短线从日低反弹逾10美元，不仅重回1800美元关键心理整数位，还站上1810美元。\n\n高盛分析指出，鲍威尔的讲话符合预期，他确认了近几个月的强劲就业增长以及Delta变种带来的下行风险。该行预计，美联储目的是在9月给出提前通知，在11月正式宣布开始缩减购债规模。\n具体来看，高盛预计，美联储11月正式宣布的可能性为45%，12月正式宣布的可能性为35%，推迟到2022年的可能性为20%。\n美国紧缩之路坎坷\n虽然美国货币政策紧缩这把“达摩克利斯之剑”暂时没有落下的风险，但随着美国经济好转，通胀高企，就业复苏，Taper和加息是大势所趋。\nBMO Global Asset Management首席经济学家Steven Bell近日表示，市场需要认清一个事实，那就是火已经快灭了，而货币政策依然处于紧急状态的水平，继续放松货币政策是不合适的。\n值得一提的是，这一次有不少国家已经走在美国前面，开启了紧缩之路。美国投资银行斯迪富金融公司公布的数据显示，全球以美元计价的广义货币（M2）供应量同比涨幅3月达到22%的周期性高点后，在今年年中已回落至略高于10%的水平。\n而美联储站在政策转向这个敏感路口，却依然踌躇不前，放眼望去，摆在决策者和市场面前的是诸多的不确定性。\n一方面，美国通胀依然处于高位。8月11日美国国家统计局公布的数据显示，美国7月整体CPI同比增长5.4%，高于预期增长的5.3%，持平于6月5.4%的增幅，这仍然是2008年以来的最高水平。\n\n虽然鲍威尔不断强调，当前这轮通胀只是暂时的，随着疫苗接种和疫情控制，供应赶上需求后，通胀将会消退，但部分美联储官员担忧，供应链中断和需求增长可能会持续推高通胀直至2022年及以后。\n全球央行年会前，美国费城联储行长Patrick Harker表示，美联储正面临着价格压力并未消退的挑战。他认为，通胀将远高于美联储的目标，如果美联储不采取行动，通胀将继续加速，“通胀可能不是那么短暂，这是我担心的风险。”\n这将加大美联储尽快收紧货币政策的压力。近日，全球最大对冲基金桥水的联席首席投资官Greg Jensen在展望后市时表示，届时美联储减码幅度有可能比市场预期更大，利率升速也会更快。\n另一方面 ，Delta变种病毒的肆虐给美国经济复苏前景蒙上了一层阴影。\n美国8月密歇根大学消费者信心指数初值较上月骤降11点，至70.2，创2011年12月以来最低水平。数据远低于市场预期。\n另外，美国商务部8月17日公布数据显示，美国7月零售销售环比减少1.1%，大幅超过市场预期的减少0.3%，而前值为增加0.6%。\n\n这一数据公布后，高盛随即宣布将美国三季度GDP增长预期从此前的8.5%大幅下调至5.5%，同时将2021年全年GDP增长预期从此前6.4%下调至6%，预计2022年美国全年经济增长4.5%。\n高盛警告称，Delta变种病毒对经济和通胀的影响比预期更严峻：\n\n 消费者支出和生产都受到了冲击。8月份餐饮、旅游和其他服务支出可能会下降，不过我们预计下降幅度不会太大，也不会太长。生产仍然受到供应链中断的影响，尤其是在汽车行业，这可能意味着第三季度库存重建会减少。\n\n风险正在加剧\n随着疫情蔓延，经济增速预期放缓，以及美联储货币政策收紧预期升温，美股的不确定性风险正在加剧。\n美银美林全球投资策略师Michael Hartnett预计，今年下半年美国股市将出现负回报，他对通货膨胀加剧带来的滞胀威胁表示担忧。\n摩根士丹利首席美国股票策略师Mike Wilson也认为，美股正处于回调的边缘。他建议，鉴于预期中的回调，投资者应该投资波动性较低的股票，并预测年底标普500指数会处于4000点左右，这意味当前水平下有10%的下跌空间。\n高盛则对美股的波动性作出了警告。\n高盛衍生品策略官Rocky Fishma上周预计，美股市场波动接下来会飙升，依据是VIX在4天上涨6个点后隐含波动曲线仍保持上升型，反映出波动率将继续大幅上升的预期。\n此外，一年期 VIX 指数期货价格已升至 26，接近其第二季度/第三季度范围的顶部，远高于现货，但低于其第一季度中值28。高盛指出，自从1940年以来，标普500全年实际波动率超过26的情况只有1987年股灾、2008年金融危机和2020年疫情爆发。\n对于投资者来说，运用多样化工具进行风险对冲是控制回撤的最好方法。芝商所最新小规模股指合约微型E‑迷你期货能够帮投资者进行更新精细化的风险部署。\n该工具具有更灵活、更小规模的扩充合约的优势，微型E-迷你合约仅为传统E-迷你合约规模的十分之一，其只需要较低的保证金便能进入市场，以及获取交易标普500指数、纳斯达克100指数、道琼斯工业平均指数和罗素2000美国指数的机会。\n此外，微型E-迷你期货可用于增加更多粒度，并允许微调某个持仓的指数风险敞口，精确地扩大或缩小指数风险敞口规模。同时，微型E-迷你期货可完全替代传统E-迷你合约，其可在市场条件变化时灵活地管理持仓，并更容易获取深度流动性。\n据介绍，自2019年推出以来，微型E-迷你股指合约的交易量超过 8亿份合约。全球参与度依然强劲，在现金开放前的非美国时段交易量占21%，参与者来自190多个国家。2021年上半年，在非美国时间内，平均每日交易量超过46万份合同。","news_type":1,"symbols_score_info":{"PSQ":0.9,"OEF":0.9,"ESmain":0.9,"DXD":0.9,"QLD":0.9,"IVV":0.9,"OEX":0.9,"SSO":0.9,".IXIC":0.9,"UPRO":0.9,"SPY":0.9,"TQQQ":0.9,"UDOW":0.9,"QQQ":0.9,"SDS":0.9,"SDOW":0.9,"DJX":0.9,"SQQQ":0.9,".DJI":0.9,"SPXU":0.9}},"isVote":1,"tweetType":1,"viewCount":1750,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}