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2022-04-04

Yess this stick is good

2021-03-26

H

Airbnb supply gets a boost as vacationers prefer remote stays - AirDNA

2021-03-26

Gindjdbdbshsjbdhxjdb

2021-03-17

n

Forget AMC and Gamestop: These 2 Popular Robinhood Stocks Are Better Buys

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N

This Isn't Your Father's Overvalued Market

2021-03-16

Ffcghvcyubcgh

2021-02-26

Yuckg gg C gg du hv c

2021-02-22

C

Silicon Valley is not suffering a tech exodus, and money is flowing in at record rate — for a fortunate few

2021-01-25

Nice

Stock bubble worries push Chinese investors from home to Hong Kong

2021-01-17

$Cciv

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22:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>March 26 (Reuters) - U.S. home rental company Airbnb Inc’s supply more than doubled over the past four years, while surpassing some of the traditional hotel chains combined, data from analytics firm AirDNA showed on Friday.</p>\n<p>The relative appeal for short-term rentals with larger living space and their location in remote destinations proved vital for Airbnb during the COVID-19 pandemic, allowing it to perform better than traditional forms of lodging over the last year, AirDNA said.</p>\n<p>Airbnb’s global active listings increased by 2.5% as of February 2021, compared with a year earlier, according to the firm.</p>\n<p>Globally, there were over 5.4 million active listings on Airbnb, with more units available for rent than the combined total of 3.3 million units at hotel chains Marriott, Hilton, and IHG, AirDNA said.</p>\n<p>Airbnb had a supply of 2.3 million units at the beginning of 2017.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MAR":"万豪酒店","ABNB":"爱彼迎","HLT":"希尔顿酒店"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2122772444","content_text":"March 26 (Reuters) - U.S. home rental company Airbnb Inc’s supply more than doubled over the past four years, while surpassing some of the traditional hotel chains combined, data from analytics firm AirDNA showed on Friday.\nThe relative appeal for short-term rentals with larger living space and their location in remote destinations proved vital for Airbnb during the COVID-19 pandemic, allowing it to perform better than traditional forms of lodging over the last year, AirDNA said.\nAirbnb’s global active listings increased by 2.5% as of February 2021, compared with a year earlier, according to the firm.\nGlobally, there were over 5.4 million active listings on Airbnb, with more units available for rent than the combined total of 3.3 million units at hotel chains Marriott, Hilton, and IHG, AirDNA said.\nAirbnb had a supply of 2.3 million units at the beginning of 2017.","news_type":1},"isVote":1,"tweetType":1,"viewCount":343,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":356699511,"gmtCreate":1616770730933,"gmtModify":1704798784779,"author":{"id":"3573227795342863","authorId":"3573227795342863","name":"TeeNyKoH","avatar":"https://static.tigerbbs.com/4bdaa509575379c4224d28e97e3cdf9e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573227795342863","authorIdStr":"3573227795342863"},"themes":[],"htmlText":"Gindjdbdbshsjbdhxjdb","listText":"Gindjdbdbshsjbdhxjdb","text":"Gindjdbdbshsjbdhxjdb","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/356699511","isVote":1,"tweetType":1,"viewCount":363,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325760397,"gmtCreate":1615938076719,"gmtModify":1704788597364,"author":{"id":"3573227795342863","authorId":"3573227795342863","name":"TeeNyKoH","avatar":"https://static.tigerbbs.com/4bdaa509575379c4224d28e97e3cdf9e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573227795342863","authorIdStr":"3573227795342863"},"themes":[],"htmlText":"n","listText":"n","text":"n","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325760397","repostId":"2119619927","repostType":4,"repost":{"id":"2119619927","kind":"news","pubTimestamp":1615907700,"share":"https://ttm.financial/m/news/2119619927?lang=&edition=fundamental","pubTime":"2021-03-16 23:15","market":"us","language":"en","title":"Forget AMC and Gamestop: These 2 Popular Robinhood Stocks Are Better Buys","url":"https://stock-news.laohu8.com/highlight/detail?id=2119619927","media":"Prosper Junior Bakiny","summary":"No need to invest in faltering businesses -- these two winning companies are better bets.","content":"<p>The commission-free trading platform Robinhood is popular among novice investors, millennials, and traders. These groups of market enthusiasts can certainly pick excellent stocks, as evidenced by the list of the 100 most popular stocks on the platform. However, some of the stocks on that list are head-scratchers. For instance, <b>GameStop</b> (NYSE:GME) and <b>AMC Entertainment</b> (NYSE:AMC) are among the top 20 most commonly held stocks on the app as of this writing.</p><p>Both of these businesses are struggling, in part due to their reliance on brick-and-mortar operations, which were severely impacted by the pandemic. Further, both AMC and Gamestop were at the center of the now (in)famous short-squeeze fiasco orchestrated by traders from Reddit's r/WallStreetBets. Investors would be better off staying away from these two unpredictable companies and instead purchasing shares of Robinhood stocks with solid futures ahead of them. Two such companies worth considering are <b>Pfizer</b> (NYSE:PFE) and <b>Netflix</b> (NASDAQ:NFLX).</p><p><img src=\"https://media.ycharts.com/charts/693c6b3570e5dc157db6f1cb5d80481e.png\" tg-width=\"720\" tg-height=\"387\" referrerpolicy=\"no-referrer\"></p><p>^SPX data by YCharts</p><p><b>1. Pfizer</b></p><p>You've probably heard a lot about Pfizer in the past few months. The company and its partner, <b>BioNTech</b>, developed BNT162b2, and received Emergency Use Authorization from the U.S. Food and Drug Administration (FDA) in December, becoming the first authorized COVID-19 vaccine in the U.S. BNT162b2 has also been approved in the European Union.</p><p>While Pfizer and BioNTech have to share the vaccine supply gameboard with several other companies, including <b>Johnson &amp; Johnson</b>, <b>AstraZeneca</b>, and <b>Moderna</b>, the market (i.e., the entire world) is large enough for there to be multiple winners. In other words, BNT162b2 will contribute meaningfully to Pfizer's top line, especially since there is evidence of it being effective against some of the newer variants of the virus.</p><p>But the company's lineup is much bigger than just this <a href=\"https://laohu8.com/S/AONE\">one</a> vaccine. Some of Pfizer's top-performing products include anticoagulant Eliquis and cancer treatments Ibrance and Xtandi. Sales of Eliquis for fiscal year 2020 (ended Dec. 31) were $4.9 billion, a 17% year-over-year increase. Ibrance's revenue jumped by 9% year over year to $5.4 billion, while Xtandi's sales came in at roughly $1 billion, representing 22% growth from fiscal year 2019.</p><p>Pfizer also boasts 95 programs in its pipeline, including 24 ongoing phase 3 studies. Pfizer is well-positioned to keep adding new revenue sources to its lineup every year. Lastly, it is worth noting that Pfizer spun-off its off-patent medicine unit Upjohn to the company formerly known as Mylan. The combined entity of Mylan and Upjohn is called <b>Viatris</b>, and it started trading on the market on Nov. 17.</p><p>Pfizer decided to make this move because Upjohn's declining sales were hurting its bottom line. The company can now focus on its more profitable biopharma business. This focus should help Pfizer improve its financial results, which will help its stock recover from its underperformance relative to the market in the past year.</p><p>With a more focused business, a short-term catalyst in the form of its coronavirus vaccine, other medicines with growing sales, and a rich pipeline to keep revenue sources coming, this pharma stock looks like a much better long-term bet than AMC or GameStop.</p><p><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F617555%2Fgettyimages-1291715271.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"466\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images</p><p><b>2. Netflix</b></p><p>Netflix is already <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the leading streaming video platforms in the world, but the company isn't done growing. What are the opportunities ahead for the tech giant? First, the company is looking to add even more users to its platform. As of its fourth quarter ending Dec. 31, the company had 8.51 million net new subscribers. It ended the period with a total of 203.7 million paid subscriptions, representing a year-over-year increase of 21.9%. Netflix thinks it will add 6 million new subscribers in the first quarter of 2021.</p><p>And the streaming services industry as a whole has a long runway for growth. According to Grand View Research, this market was worth 50.1 billion in 2020, and it is projected to expand at a compound annual growth rate (CAGR) of 21% between 2021 and 2028.</p><p>As one of the most recognizable names in this segment, Netflix is well-positioned to profit, especially since competing streaming platforms are more than capable of coexisting. One of the most powerful weapons in these platforms' arsenals is original content, and Netflix has been pouring money into original series and movies in the hopes of building a library people will want to keep coming back to.</p><p><img src=\"https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F617555%2Fgettyimages-1174414330.jpg&amp;w=700&amp;op=resize\" tg-width=\"700\" tg-height=\"467\" referrerpolicy=\"no-referrer\"></p><p>Image source: Getty Images.</p><p>These investments have played an important role in the company's success in recent years. Since the content on Netflix is different from that of some of its peers,&nbsp;many customers are more than happy to pay for subscriptions to several companies in this space. The long-term plan for Netflix is simple: Replace regular TV.</p><p>The company offers several advantages over cable: no ads, no long-term contracts, and on-demand movies and series streaming on any device. And while some cable providers have started to adapt to the new paradigm, Netflix is well on its way to continue its long winning streak in the streaming industry. Those factors make the company's stock worth a buy.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Forget AMC and Gamestop: These 2 Popular Robinhood Stocks Are Better Buys</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nForget AMC and Gamestop: These 2 Popular Robinhood Stocks Are Better Buys\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 23:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/03/16/forget-amc-and-gamestop-2-popular-robinhood-stocks/><strong>Prosper Junior Bakiny</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The commission-free trading platform Robinhood is popular among novice investors, millennials, and traders. These groups of market enthusiasts can certainly pick excellent stocks, as evidenced by the ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/03/16/forget-amc-and-gamestop-2-popular-robinhood-stocks/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BPOPN":"Popular","BPOPM":"Popular"},"source_url":"https://www.fool.com/investing/2021/03/16/forget-amc-and-gamestop-2-popular-robinhood-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2119619927","content_text":"The commission-free trading platform Robinhood is popular among novice investors, millennials, and traders. These groups of market enthusiasts can certainly pick excellent stocks, as evidenced by the list of the 100 most popular stocks on the platform. However, some of the stocks on that list are head-scratchers. For instance, GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC) are among the top 20 most commonly held stocks on the app as of this writing.Both of these businesses are struggling, in part due to their reliance on brick-and-mortar operations, which were severely impacted by the pandemic. Further, both AMC and Gamestop were at the center of the now (in)famous short-squeeze fiasco orchestrated by traders from Reddit's r/WallStreetBets. Investors would be better off staying away from these two unpredictable companies and instead purchasing shares of Robinhood stocks with solid futures ahead of them. Two such companies worth considering are Pfizer (NYSE:PFE) and Netflix (NASDAQ:NFLX).^SPX data by YCharts1. PfizerYou've probably heard a lot about Pfizer in the past few months. The company and its partner, BioNTech, developed BNT162b2, and received Emergency Use Authorization from the U.S. Food and Drug Administration (FDA) in December, becoming the first authorized COVID-19 vaccine in the U.S. BNT162b2 has also been approved in the European Union.While Pfizer and BioNTech have to share the vaccine supply gameboard with several other companies, including Johnson & Johnson, AstraZeneca, and Moderna, the market (i.e., the entire world) is large enough for there to be multiple winners. In other words, BNT162b2 will contribute meaningfully to Pfizer's top line, especially since there is evidence of it being effective against some of the newer variants of the virus.But the company's lineup is much bigger than just this one vaccine. Some of Pfizer's top-performing products include anticoagulant Eliquis and cancer treatments Ibrance and Xtandi. Sales of Eliquis for fiscal year 2020 (ended Dec. 31) were $4.9 billion, a 17% year-over-year increase. Ibrance's revenue jumped by 9% year over year to $5.4 billion, while Xtandi's sales came in at roughly $1 billion, representing 22% growth from fiscal year 2019.Pfizer also boasts 95 programs in its pipeline, including 24 ongoing phase 3 studies. Pfizer is well-positioned to keep adding new revenue sources to its lineup every year. Lastly, it is worth noting that Pfizer spun-off its off-patent medicine unit Upjohn to the company formerly known as Mylan. The combined entity of Mylan and Upjohn is called Viatris, and it started trading on the market on Nov. 17.Pfizer decided to make this move because Upjohn's declining sales were hurting its bottom line. The company can now focus on its more profitable biopharma business. This focus should help Pfizer improve its financial results, which will help its stock recover from its underperformance relative to the market in the past year.With a more focused business, a short-term catalyst in the form of its coronavirus vaccine, other medicines with growing sales, and a rich pipeline to keep revenue sources coming, this pharma stock looks like a much better long-term bet than AMC or GameStop.Image source: Getty Images2. NetflixNetflix is already one of the leading streaming video platforms in the world, but the company isn't done growing. What are the opportunities ahead for the tech giant? First, the company is looking to add even more users to its platform. As of its fourth quarter ending Dec. 31, the company had 8.51 million net new subscribers. It ended the period with a total of 203.7 million paid subscriptions, representing a year-over-year increase of 21.9%. Netflix thinks it will add 6 million new subscribers in the first quarter of 2021.And the streaming services industry as a whole has a long runway for growth. According to Grand View Research, this market was worth 50.1 billion in 2020, and it is projected to expand at a compound annual growth rate (CAGR) of 21% between 2021 and 2028.As one of the most recognizable names in this segment, Netflix is well-positioned to profit, especially since competing streaming platforms are more than capable of coexisting. One of the most powerful weapons in these platforms' arsenals is original content, and Netflix has been pouring money into original series and movies in the hopes of building a library people will want to keep coming back to.Image source: Getty Images.These investments have played an important role in the company's success in recent years. Since the content on Netflix is different from that of some of its peers, many customers are more than happy to pay for subscriptions to several companies in this space. The long-term plan for Netflix is simple: Replace regular TV.The company offers several advantages over cable: no ads, no long-term contracts, and on-demand movies and series streaming on any device. And while some cable providers have started to adapt to the new paradigm, Netflix is well on its way to continue its long winning streak in the streaming industry. Those factors make the company's stock worth a buy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":158,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325285017,"gmtCreate":1615902427939,"gmtModify":1704788201433,"author":{"id":"3573227795342863","authorId":"3573227795342863","name":"TeeNyKoH","avatar":"https://static.tigerbbs.com/4bdaa509575379c4224d28e97e3cdf9e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573227795342863","authorIdStr":"3573227795342863"},"themes":[],"htmlText":"N","listText":"N","text":"N","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/325285017","repostId":"1199153511","repostType":4,"repost":{"id":"1199153511","kind":"news","pubTimestamp":1615898909,"share":"https://ttm.financial/m/news/1199153511?lang=&edition=fundamental","pubTime":"2021-03-16 20:48","market":"us","language":"en","title":"This Isn't Your Father's Overvalued Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1199153511","media":"zerohedge","summary":"Many analysts contend that currentstock valuationsresemble the dot-com era. You can see it visually ","content":"<p>Many analysts contend that currentstock valuationsresemble the dot-com era. You can see it visually at CurrentMarketValuation.com. Some highlights...</p>\n<p>The classic&nbsp;<b>“Buffett Indicator”</b>&nbsp;certainly seems to be in nosebleed territory. Notice that the valuations in 1966, the beginning of a long-term bear market, were also high.</p>\n<p><img src=\"https://static.tigerbbs.com/84ead1c8048f2f837b1f849fee01d477\" tg-width=\"1200\" tg-height=\"592\" referrerpolicy=\"no-referrer\"><i>Source: CurrentMarketValuation.com</i></p>\n<p>Then there is the ever-popular&nbsp;<b>price-to-earnings ratio</b>. Notice by this measure that valuations were not all that stretched in 1966. Yet there still followed a 17-year bear market, as measured from the peak back to where it started.</p>\n<p><img src=\"https://static.tigerbbs.com/ad62168f364b6064cebd61dcdba23c5b\" tg-width=\"1200\" tg-height=\"596\"></p>\n<p><i>Source: CurrentMarketValuation.com</i></p>\n<p>This next one is unusual:&nbsp;<b>valuation as measured by mean reversion</b>.&nbsp;Mean reversion&nbsp;is the fairly unsophisticated concept that \"what goes up must come down.\"</p>\n<p>While the market’s day-to-day movements are chaotic, long-term stockmarket returnstend to follow somewhat predictable upward trends. But they can also deviate from the trend for years or even decades.</p>\n<p>This isn’t a trading strategy. But it's still a useful indicator of overall market valuation relative to the past.</p>\n<p><b>What's Different Now</b></p>\n<p>This is not your father’s or your grandfather’s (if he was alive in 1929) overvalued market.</p>\n<p>There are two major differences…</p>\n<p>First, in the dot-com era, the Federal Reserve had let loose the dogs of easymonetary policygoing into the Y2K event. That was appropriate given the uncertainty, but it clearly helped send already overvalued markets to extremes.</p>\n<p>We had day traders piling into anything that looked like an internet stock, speculations, really easy money, and so forth. Then after January 1 passed uneventfully, Greenspan appropriately reversed the Fed’s monetary policy. Oops.</p>\n<p>And now we have enormous federal government stimulus, soon to be about 25% of GDP in less than a year. That money ends up somewhere, but&nbsp;its impact is still unclear. There is no historical parallel to consider.</p>\n<p><b>Overvalued Market... But Perhaps Not Overpriced</b></p>\n<p>Jerome Powell is not Alan Greenspan.</p>\n<p>Powell and his colleagues have made it very clear they will keep monetary policy loose and rates low for a very long time.Inflationis well down their worry list. Their top concern is unemployment,&nbsp;which is indeed a real problem.</p>\n<p>The Fed is telling us it will let inflation get to 3% or more. They are looking at the average inflation over time, which means they can justify doing anything they want.</p>\n<p>What they want is lowrates, even if it overheats the economy, until unemployment returns to where it was before the pandemic.</p>\n<p>If they really mean that, then we are going to have low rates for a very long time, as unemployment is a bigger problem than most people think.</p>\n<p>It also means, maybe not coincidentally, the US Treasury will find it easier to refinance an&nbsp;ever-increasing federal deficit.</p>\n<p>But persistent low rates might mean stock market valuations are actually in the fair value range.</p>\n<p><img src=\"https://static.tigerbbs.com/cef10f8c196ce434aeffb1b04642aa49\" tg-width=\"1200\" tg-height=\"596\" referrerpolicy=\"no-referrer\"></p>\n<p>Look at this chart showing S&amp;P 500 value relative to interest rates. Interest rates are 1.6 standard deviations below the trendline.</p>\n<p>That suggests that the S&amp;P 500 may not be so overpriced.</p>\n<p>While valuations tell us nothing about short-term market moves, they are actually pretty good at longer-term returns.</p>\n<p>That being said, some smart people I follow see pockets of undervaluation (at least relative to the US) in more than a few places. If you're looking forvalue, you might want to start there.</p>\n<p><b>The Great Reset: The Collapse of the Biggest Bubble in History</b></p>\n<p><i>New York Times</i>&nbsp;best seller and renowned financial expert John Mauldin predicts an unprecedented financial crisis that could be triggered in the next five years. Most investors seem completely unaware of the relentless pressure that’s building right now.&nbsp;</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This Isn't Your Father's Overvalued Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis Isn't Your Father's Overvalued Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-16 20:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/news/2021-03-15/isnt-your-fathers-overvalued-market><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Many analysts contend that currentstock valuationsresemble the dot-com era. You can see it visually at CurrentMarketValuation.com. Some highlights...\nThe classic “Buffett Indicator” certainly seems to...</p>\n\n<a href=\"https://www.zerohedge.com/news/2021-03-15/isnt-your-fathers-overvalued-market\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.zerohedge.com/news/2021-03-15/isnt-your-fathers-overvalued-market","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199153511","content_text":"Many analysts contend that currentstock valuationsresemble the dot-com era. You can see it visually at CurrentMarketValuation.com. Some highlights...\nThe classic “Buffett Indicator” certainly seems to be in nosebleed territory. Notice that the valuations in 1966, the beginning of a long-term bear market, were also high.\nSource: CurrentMarketValuation.com\nThen there is the ever-popular price-to-earnings ratio. Notice by this measure that valuations were not all that stretched in 1966. Yet there still followed a 17-year bear market, as measured from the peak back to where it started.\n\nSource: CurrentMarketValuation.com\nThis next one is unusual: valuation as measured by mean reversion. Mean reversion is the fairly unsophisticated concept that \"what goes up must come down.\"\nWhile the market’s day-to-day movements are chaotic, long-term stockmarket returnstend to follow somewhat predictable upward trends. But they can also deviate from the trend for years or even decades.\nThis isn’t a trading strategy. But it's still a useful indicator of overall market valuation relative to the past.\nWhat's Different Now\nThis is not your father’s or your grandfather’s (if he was alive in 1929) overvalued market.\nThere are two major differences…\nFirst, in the dot-com era, the Federal Reserve had let loose the dogs of easymonetary policygoing into the Y2K event. That was appropriate given the uncertainty, but it clearly helped send already overvalued markets to extremes.\nWe had day traders piling into anything that looked like an internet stock, speculations, really easy money, and so forth. Then after January 1 passed uneventfully, Greenspan appropriately reversed the Fed’s monetary policy. Oops.\nAnd now we have enormous federal government stimulus, soon to be about 25% of GDP in less than a year. That money ends up somewhere, but its impact is still unclear. There is no historical parallel to consider.\nOvervalued Market... But Perhaps Not Overpriced\nJerome Powell is not Alan Greenspan.\nPowell and his colleagues have made it very clear they will keep monetary policy loose and rates low for a very long time.Inflationis well down their worry list. Their top concern is unemployment, which is indeed a real problem.\nThe Fed is telling us it will let inflation get to 3% or more. They are looking at the average inflation over time, which means they can justify doing anything they want.\nWhat they want is lowrates, even if it overheats the economy, until unemployment returns to where it was before the pandemic.\nIf they really mean that, then we are going to have low rates for a very long time, as unemployment is a bigger problem than most people think.\nIt also means, maybe not coincidentally, the US Treasury will find it easier to refinance an ever-increasing federal deficit.\nBut persistent low rates might mean stock market valuations are actually in the fair value range.\n\nLook at this chart showing S&P 500 value relative to interest rates. Interest rates are 1.6 standard deviations below the trendline.\nThat suggests that the S&P 500 may not be so overpriced.\nWhile valuations tell us nothing about short-term market moves, they are actually pretty good at longer-term returns.\nThat being said, some smart people I follow see pockets of undervaluation (at least relative to the US) in more than a few places. If you're looking forvalue, you might want to start there.\nThe Great Reset: The Collapse of the Biggest Bubble in History\nNew York Times best seller and renowned financial expert John Mauldin predicts an unprecedented financial crisis that could be triggered in the next five years. Most investors seem completely unaware of the relentless pressure that’s building right now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":282,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325286330,"gmtCreate":1615902373020,"gmtModify":1704788198844,"author":{"id":"3573227795342863","authorId":"3573227795342863","name":"TeeNyKoH","avatar":"https://static.tigerbbs.com/4bdaa509575379c4224d28e97e3cdf9e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573227795342863","authorIdStr":"3573227795342863"},"themes":[],"htmlText":"Ffcghvcyubcgh","listText":"Ffcghvcyubcgh","text":"Ffcghvcyubcgh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/325286330","isVote":1,"tweetType":1,"viewCount":195,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":368319006,"gmtCreate":1614288102605,"gmtModify":1704770172472,"author":{"id":"3573227795342863","authorId":"3573227795342863","name":"TeeNyKoH","avatar":"https://static.tigerbbs.com/4bdaa509575379c4224d28e97e3cdf9e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573227795342863","authorIdStr":"3573227795342863"},"themes":[],"htmlText":"Yuckg gg C gg du hv c","listText":"Yuckg gg C gg du hv c","text":"Yuckg gg C gg du hv c","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/368319006","isVote":1,"tweetType":1,"viewCount":176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":369353134,"gmtCreate":1614005659528,"gmtModify":1704886817874,"author":{"id":"3573227795342863","authorId":"3573227795342863","name":"TeeNyKoH","avatar":"https://static.tigerbbs.com/4bdaa509575379c4224d28e97e3cdf9e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573227795342863","authorIdStr":"3573227795342863"},"themes":[],"htmlText":"C","listText":"C","text":"C","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/369353134","repostId":"1106666176","repostType":4,"repost":{"id":"1106666176","kind":"news","pubTimestamp":1613987158,"share":"https://ttm.financial/m/news/1106666176?lang=&edition=fundamental","pubTime":"2021-02-22 17:45","market":"us","language":"en","title":"Silicon Valley is not suffering a tech exodus, and money is flowing in at record rate — for a fortunate few","url":"https://stock-news.laohu8.com/highlight/detail?id=1106666176","media":"MarketWatch","summary":"New data show little proof that people are leaving the Bay Area in droves, instead detailing record ","content":"<p>New data show little proof that people are leaving the Bay Area in droves, instead detailing record investment in startups and booming market caps for Big Tech while the region’s poor residents suffer brunt of COVID-19 pandemic</p>\n<p>Despite reports of an exodus, Silicon Valley remains the tech capital of the world, with new data showing continued record investment in the industry in 2020 and no overall declines in jobs and population in the region.</p>\n<p>While the high-profile departures of&nbsp;rich executives and investors like Elon Musk&nbsp;and&nbsp;companies like Oracle Corp.&nbsp;and&nbsp;Hewlett Packard Enterprise Corp.&nbsp;have raised questions about the future of California’s tech powerhouse, an annual report out this week found little evidence of a trend. Instead, the major effect of the COVID-19 pandemic on the San Francisco Bay Area in 2020 was the widening of the divide between the haves and have-nots, thanks to all the money still flowing into just a few pockets as the coronavirus ravages poorer communities.</p>\n<p>“Today, we must frankly admit that the pandemic has made the rich richer while the poor are dying,” said Russell Hancock, chief executive of Joint Venture Silicon Valley, which published its annual Silicon Valley Index this week detailing what happened in the region last year.</p>\n<p>The report showed record venture capital investment in Bay Area startups, along with booming market capitalizations for public tech companies and standard-setting initial public offerings. Amid fears of a tech-worker stampede out of the Golden State as companies allowed remote work, the population in Silicon Valley — defined as Santa Clara and San Mateo counties — was mostly flat for the year, rising 0.02%.</p>\n<p>While an overall out-migration was tracked in San Francisco, the vast majority of those who left the most prominent city in the region last year&nbsp;remained in the state, according to U.S. Postal Service data crunched by the San Francisco Chronicle this week. That’s in line with what the Silicon Valley Index shows: 59% of the people who have left the valley in the past few years have stayed in California, moving up or down the state.</p>\n<p>“I think we can all calm down,” said Rachel Massaro, Joint Venture’s director of research, during a news briefing about the index. “We’re a place of innovation. We’re a place that houses these impactful companies. We have not seen any significant losses among them.”</p>\n<p>In short, the region’s biggest companies and highest-paid people fared drastically better and in many cases thrived — white-collar workers, who earn more than three times as those in service occupations, got to work remotely and protect themselves from a deadly virus — while low-wage workers lost jobs and fell ill, their lack of a safety net shining a harsher light on inequality.</p>\n<p>“It’s a tale of two economies,” Hancock said. “There are two stories.”</p>\n<p><img src=\"https://static.tigerbbs.com/4e74e27c802a7abc5e4f17381a9dc9f7\" tg-width=\"620\" tg-height=\"343\" referrerpolicy=\"no-referrer\"><b>The tech story</b></p>\n<p>Silicon Valley and San Francisco companies’ market capitalization climbed 37% to $10.5 trillion last year, according to the report, thanks to huge spikes from companies such as Tesla Inc.TSLA,-0.77%,which saw its market cap skyrocket more than 700% in 2020; Apple Inc.AAPL,+0.12%,which saw a 77% increase, while Facebook Inc.FB,-2.91%grew 30% and GoogleGOOGL,-0.81%experienced a 28% boost.</p>\n<p>Big Tech kept getting bigger in other ways as well. The top 15 tech employers in the area — which includes the above plus other large companies like Intel Corp.INTC,+2.27%,Salesforce Inc.CRM,-0.18%and Cisco Systems Inc.CSCO,-1.42%— ended the year with a 3.7% increase in jobs even while the region saw a couple hundred thousand jobs disappear overall. And despite nagging questions about the effects of a work-from-home shift on commercial real estate, the largest companies in the region continued construction on existing projects, such as Google’s planned massive development in San Jose, Calif.</p>\n<p>The next generation also received record investment totals. Snowflake Inc.SNOW,+0.08%,DoorDash Inc.and Airbnb Inc.,all based in the Bay Area, were the three biggest U.S. initial public offerings of 2020, not including special-purpose acquisition companies. And even in a booming year for IPOs, Silicon Valley outperformed the rest: 2020 IPOs from the valley grew 117% and S.F. issuances grew 101%, while IPOs in general returned 80% last year, according to the Silicon Valley Index.</p>\n<p>It was also a record year for venture capital, with funding to Silicon Valley and San Francisco companies increasing 8% from 2019, the report said. Of the $123.6 billion in U.S. VC funding in 2020, $26.4 billion went to Silicon Valley, $20 billion to San Francisco and $67 billion to California. A lot of that investment went into well-known startups including Bay Area decacorns (private companies worth at least $10 billion) like Stripe, Instacart and Robinhood.</p>\n<p><img src=\"https://static.tigerbbs.com/aecd2f4f6588dc206cb09b59ebe10136\" tg-width=\"620\" tg-height=\"502\" referrerpolicy=\"no-referrer\"></p>\n<p><b>The other, less positive story</b></p>\n<p>While Big Tech flourished and money continued to pour into potential additions to that group, the gap between those flourishing from that performance and Silicon Valley’s poorer residents is wider than ever, the index shows.</p>\n<p>As of last Friday, 2,069 people in the region had died of COVID-19, Hancock said. Death rates were highest among Native Hawaiians/Pacific Islanders, Black/African Americans and Hispanic or Latinos, respectively. A report by the&nbsp;Mercury News&nbsp;showed that death rates were far higher in poorer neighborhoods than wealthier ones, such as in the largely Latino neighborhoods of East San Jose.</p>\n<p>Lower-wage workers lost their jobs or had to put their health at risk to hang onto their positions.</p>\n<p>“The pandemic wiped out our service sector and in-person economy,” Hancock said. “There’s real carnage out there. People have lost their livelihoods.”</p>\n<p>The region’s community infrastructure and service jobs declined 54% by midyear 2020. Hispanic people were 1.5 times more likely to file unemployment claims as white people, Hancock said. And in December, more than 626,000 households in the Bay Area, including nearly 200,000 households in Silicon Valley, were at risk of eviction or mortgage nonpayment, according to the index.</p>\n<p>Shuttle drivers who drove tech employees to various offices around the Bay Area for companies such as Salesforce Inc.,Twitter Inc.&nbsp;and others — which have told their employees they can work remotely permanently or most of the time — have been laid off or furloughed, said Stacy Murphy, business representative for Teamsters Local 853, which represents about 800 shuttle drivers in the Bay Area. Some drivers are still on paid furlough, but others are no longer receiving wages and most have no idea when they can return to work.</p>\n<p>“We are all patiently waiting,” said Murphy, who has said the union is in constant discussions and is advocating for the drivers to keep getting paid.</p>\n<p><b>The murky future</b></p>\n<p>Some data from the index shows that concerns about a threat to the region’s reign as a tech center are not unfounded. Although Silicon Valley’s population did not decline in 2020, a yearslong out-migration trend did continue. Still, the index shows that the net out-migration in 2020 was about half that of the departures from the region in 2001, after the dot-com bubble burst.</p>\n<p>The index also shows that the employment growth rate of the top 15 largest tech employers in Denver (14.7%) and Sacramento (14.5%) were nearly four times that of the Bay Area’s 3.7%. And the Bay Area’s share of those same companies’ U.S. workforces fell from 26.1% in January 2020 to 23.9% in December. While the percentage gains were smaller, the Bay Area still added more tech jobs in total than the other metropolitan areas.</p>\n<p>Metro areas in Florida, Texas and elsewhere are touting themselves as the next big tech hubs as companies and executives move to places like Texas, where Oracle and Hewlett Packard Enterprise Co.&nbsp;have moved their headquarters — even as many Oracle employees remain in the Bay Area, Hancock pointed out.</p>\n<p>As other companies move or make decisions about whether their employees should return to the office, it will affect the construction projects that have been put on hold or the office-space rental rates that have mostly held steady.</p>\n<p>The Bay Area Council, which includes the region’s companies as members and advocates for business-friendly policies, has launched a “business climate” initiative as it worries about companies leaving the region.</p>\n<p>“It’s not going to be an immediate change,” said Patrick Kallerman, research director for the Bay Area Council Economic Institute. “The Bay Area isn’t going to be a ghost town in six months. We’re asking ourselves if this is going to be a long-term, significant change.”</p>\n<p>Those changes will affect the quality of life in the Bay Area as municipalities find themselves with budget shortfalls. Silicon Valley city revenues are expected to decline by an average of 5% mostly due to the pandemic’s effects, according to the SV Index. San Francisco saw sales tax revenue decline 43% in the second quarter of 2020 compared with the prior year, according to the&nbsp;San Francisco Chronicle, which looked at the effects of the pandemic on the city’s once-bustling&nbsp;downtown.</p>\n<p>What happens to the big businesses — whether they leave, stay, change their work-from-home policies — will affect the small ones, too.</p>\n<p>Alicia Villanueva, who owns Alicia’s Tamales Los Mayas, a tamale factory in Hayward, Calif., and Lynna Martinez, owner of Cuban Kitchen, a restaurant in San Mateo, Calif., both said that despite devastating drops in their revenue, they avoided laying off any employees because of the Paycheck Protection Program (PPP) and other loans.</p>\n<p>Both businesses relied heavily on catering to tech and other companies in the Bay Area.</p>\n<p>“We had hundreds of clients, including Oracle, Facebook, Google and Comcast,” Martinez said. “We would do anywhere between 100 to 300 orders before we opened our doors at 11 a.m. Then in March and April, boom, 50% of our business was gone.”</p>\n<p>The two women said they have had to adjust and make up the lost business however they can. Martinez said her catering business is probably a tenth of what it once was. Villanueva’s son is delivering tamales to a school district that’s more than 60 miles away.</p>\n<p>“He’s waking up at 2 a.m. to get ready and deliver to Vacaville at 5 a.m.,” said Villanueva, who has 21 employees.</p>\n<p>Martinez and her eight employees are relying more on referrals, and she’s now considering franchising.</p>\n<p>“The pandemic forced us to target a wider, more dispersed base,” she said. “In some ways, this was a good challenge for me as a business owner who wanted to pursue the idea of having a franchise.”</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Silicon Valley is not suffering a tech exodus, and money is flowing in at record rate — for a fortunate few</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; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSilicon Valley is not suffering a tech exodus, and money is flowing in at record rate — for a fortunate few\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-22 17:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/silicon-valley-is-not-suffering-a-tech-exodus-and-money-is-flowing-in-at-record-rate-for-a-fortunate-few-11613760421?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>New data show little proof that people are leaving the Bay Area in droves, instead detailing record investment in startups and booming market caps for Big Tech while the region’s poor residents suffer...</p>\n\n<a href=\"https://www.marketwatch.com/story/silicon-valley-is-not-suffering-a-tech-exodus-and-money-is-flowing-in-at-record-rate-for-a-fortunate-few-11613760421?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯","ABNB":"爱彼迎","TSLA":"特斯拉","TWTR":"Twitter","DASH":"DoorDash, Inc."},"source_url":"https://www.marketwatch.com/story/silicon-valley-is-not-suffering-a-tech-exodus-and-money-is-flowing-in-at-record-rate-for-a-fortunate-few-11613760421?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1106666176","content_text":"New data show little proof that people are leaving the Bay Area in droves, instead detailing record investment in startups and booming market caps for Big Tech while the region’s poor residents suffer brunt of COVID-19 pandemic\nDespite reports of an exodus, Silicon Valley remains the tech capital of the world, with new data showing continued record investment in the industry in 2020 and no overall declines in jobs and population in the region.\nWhile the high-profile departures of rich executives and investors like Elon Musk and companies like Oracle Corp. and Hewlett Packard Enterprise Corp. have raised questions about the future of California’s tech powerhouse, an annual report out this week found little evidence of a trend. Instead, the major effect of the COVID-19 pandemic on the San Francisco Bay Area in 2020 was the widening of the divide between the haves and have-nots, thanks to all the money still flowing into just a few pockets as the coronavirus ravages poorer communities.\n“Today, we must frankly admit that the pandemic has made the rich richer while the poor are dying,” said Russell Hancock, chief executive of Joint Venture Silicon Valley, which published its annual Silicon Valley Index this week detailing what happened in the region last year.\nThe report showed record venture capital investment in Bay Area startups, along with booming market capitalizations for public tech companies and standard-setting initial public offerings. Amid fears of a tech-worker stampede out of the Golden State as companies allowed remote work, the population in Silicon Valley — defined as Santa Clara and San Mateo counties — was mostly flat for the year, rising 0.02%.\nWhile an overall out-migration was tracked in San Francisco, the vast majority of those who left the most prominent city in the region last year remained in the state, according to U.S. Postal Service data crunched by the San Francisco Chronicle this week. That’s in line with what the Silicon Valley Index shows: 59% of the people who have left the valley in the past few years have stayed in California, moving up or down the state.\n“I think we can all calm down,” said Rachel Massaro, Joint Venture’s director of research, during a news briefing about the index. “We’re a place of innovation. We’re a place that houses these impactful companies. We have not seen any significant losses among them.”\nIn short, the region’s biggest companies and highest-paid people fared drastically better and in many cases thrived — white-collar workers, who earn more than three times as those in service occupations, got to work remotely and protect themselves from a deadly virus — while low-wage workers lost jobs and fell ill, their lack of a safety net shining a harsher light on inequality.\n“It’s a tale of two economies,” Hancock said. “There are two stories.”\nThe tech story\nSilicon Valley and San Francisco companies’ market capitalization climbed 37% to $10.5 trillion last year, according to the report, thanks to huge spikes from companies such as Tesla Inc.TSLA,-0.77%,which saw its market cap skyrocket more than 700% in 2020; Apple Inc.AAPL,+0.12%,which saw a 77% increase, while Facebook Inc.FB,-2.91%grew 30% and GoogleGOOGL,-0.81%experienced a 28% boost.\nBig Tech kept getting bigger in other ways as well. The top 15 tech employers in the area — which includes the above plus other large companies like Intel Corp.INTC,+2.27%,Salesforce Inc.CRM,-0.18%and Cisco Systems Inc.CSCO,-1.42%— ended the year with a 3.7% increase in jobs even while the region saw a couple hundred thousand jobs disappear overall. And despite nagging questions about the effects of a work-from-home shift on commercial real estate, the largest companies in the region continued construction on existing projects, such as Google’s planned massive development in San Jose, Calif.\nThe next generation also received record investment totals. Snowflake Inc.SNOW,+0.08%,DoorDash Inc.and Airbnb Inc.,all based in the Bay Area, were the three biggest U.S. initial public offerings of 2020, not including special-purpose acquisition companies. And even in a booming year for IPOs, Silicon Valley outperformed the rest: 2020 IPOs from the valley grew 117% and S.F. issuances grew 101%, while IPOs in general returned 80% last year, according to the Silicon Valley Index.\nIt was also a record year for venture capital, with funding to Silicon Valley and San Francisco companies increasing 8% from 2019, the report said. Of the $123.6 billion in U.S. VC funding in 2020, $26.4 billion went to Silicon Valley, $20 billion to San Francisco and $67 billion to California. A lot of that investment went into well-known startups including Bay Area decacorns (private companies worth at least $10 billion) like Stripe, Instacart and Robinhood.\n\nThe other, less positive story\nWhile Big Tech flourished and money continued to pour into potential additions to that group, the gap between those flourishing from that performance and Silicon Valley’s poorer residents is wider than ever, the index shows.\nAs of last Friday, 2,069 people in the region had died of COVID-19, Hancock said. Death rates were highest among Native Hawaiians/Pacific Islanders, Black/African Americans and Hispanic or Latinos, respectively. A report by the Mercury News showed that death rates were far higher in poorer neighborhoods than wealthier ones, such as in the largely Latino neighborhoods of East San Jose.\nLower-wage workers lost their jobs or had to put their health at risk to hang onto their positions.\n“The pandemic wiped out our service sector and in-person economy,” Hancock said. “There’s real carnage out there. People have lost their livelihoods.”\nThe region’s community infrastructure and service jobs declined 54% by midyear 2020. Hispanic people were 1.5 times more likely to file unemployment claims as white people, Hancock said. And in December, more than 626,000 households in the Bay Area, including nearly 200,000 households in Silicon Valley, were at risk of eviction or mortgage nonpayment, according to the index.\nShuttle drivers who drove tech employees to various offices around the Bay Area for companies such as Salesforce Inc.,Twitter Inc. and others — which have told their employees they can work remotely permanently or most of the time — have been laid off or furloughed, said Stacy Murphy, business representative for Teamsters Local 853, which represents about 800 shuttle drivers in the Bay Area. Some drivers are still on paid furlough, but others are no longer receiving wages and most have no idea when they can return to work.\n“We are all patiently waiting,” said Murphy, who has said the union is in constant discussions and is advocating for the drivers to keep getting paid.\nThe murky future\nSome data from the index shows that concerns about a threat to the region’s reign as a tech center are not unfounded. Although Silicon Valley’s population did not decline in 2020, a yearslong out-migration trend did continue. Still, the index shows that the net out-migration in 2020 was about half that of the departures from the region in 2001, after the dot-com bubble burst.\nThe index also shows that the employment growth rate of the top 15 largest tech employers in Denver (14.7%) and Sacramento (14.5%) were nearly four times that of the Bay Area’s 3.7%. And the Bay Area’s share of those same companies’ U.S. workforces fell from 26.1% in January 2020 to 23.9% in December. While the percentage gains were smaller, the Bay Area still added more tech jobs in total than the other metropolitan areas.\nMetro areas in Florida, Texas and elsewhere are touting themselves as the next big tech hubs as companies and executives move to places like Texas, where Oracle and Hewlett Packard Enterprise Co. have moved their headquarters — even as many Oracle employees remain in the Bay Area, Hancock pointed out.\nAs other companies move or make decisions about whether their employees should return to the office, it will affect the construction projects that have been put on hold or the office-space rental rates that have mostly held steady.\nThe Bay Area Council, which includes the region’s companies as members and advocates for business-friendly policies, has launched a “business climate” initiative as it worries about companies leaving the region.\n“It’s not going to be an immediate change,” said Patrick Kallerman, research director for the Bay Area Council Economic Institute. “The Bay Area isn’t going to be a ghost town in six months. We’re asking ourselves if this is going to be a long-term, significant change.”\nThose changes will affect the quality of life in the Bay Area as municipalities find themselves with budget shortfalls. Silicon Valley city revenues are expected to decline by an average of 5% mostly due to the pandemic’s effects, according to the SV Index. San Francisco saw sales tax revenue decline 43% in the second quarter of 2020 compared with the prior year, according to the San Francisco Chronicle, which looked at the effects of the pandemic on the city’s once-bustling downtown.\nWhat happens to the big businesses — whether they leave, stay, change their work-from-home policies — will affect the small ones, too.\nAlicia Villanueva, who owns Alicia’s Tamales Los Mayas, a tamale factory in Hayward, Calif., and Lynna Martinez, owner of Cuban Kitchen, a restaurant in San Mateo, Calif., both said that despite devastating drops in their revenue, they avoided laying off any employees because of the Paycheck Protection Program (PPP) and other loans.\nBoth businesses relied heavily on catering to tech and other companies in the Bay Area.\n“We had hundreds of clients, including Oracle, Facebook, Google and Comcast,” Martinez said. “We would do anywhere between 100 to 300 orders before we opened our doors at 11 a.m. Then in March and April, boom, 50% of our business was gone.”\nThe two women said they have had to adjust and make up the lost business however they can. Martinez said her catering business is probably a tenth of what it once was. Villanueva’s son is delivering tamales to a school district that’s more than 60 miles away.\n“He’s waking up at 2 a.m. to get ready and deliver to Vacaville at 5 a.m.,” said Villanueva, who has 21 employees.\nMartinez and her eight employees are relying more on referrals, and she’s now considering franchising.\n“The pandemic forced us to target a wider, more dispersed base,” she said. “In some ways, this was a good challenge for me as a business owner who wanted to pursue the idea of having a franchise.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":249,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":319319557,"gmtCreate":1611533849379,"gmtModify":1704860489545,"author":{"id":"3573227795342863","authorId":"3573227795342863","name":"TeeNyKoH","avatar":"https://static.tigerbbs.com/4bdaa509575379c4224d28e97e3cdf9e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573227795342863","authorIdStr":"3573227795342863"},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/319319557","repostId":"1148522524","repostType":4,"repost":{"id":"1148522524","kind":"news","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":1611303309,"share":"https://ttm.financial/m/news/1148522524?lang=&edition=fundamental","pubTime":"2021-01-22 16:15","market":"hk","language":"en","title":"Stock bubble worries push Chinese investors from home to Hong Kong","url":"https://stock-news.laohu8.com/highlight/detail?id=1148522524","media":"Reuters","summary":"As China’s blue-chip index approaches an all-time high, growing fears about bubbles developing in so","content":"<p>As China’s blue-chip index approaches an all-time high, growing fears about bubbles developing in some parts of the country’s stock market are prodding some investors to seek bargains in Hong Kong.</p>\n<p>Retail investors have poured money into stocks via mutual funds, pushing valuations in sectors such as consumer, healthcare and new energy to multi-year or even record levels.</p>\n<p>For instance, the CSI new energy index has climbed 15% so far this year, after more than doubling in 2020, thanks in part to China’s carbon neutrality pledge.</p>\n<p>(Graphic: China's new energy, healthcare and consumer stocks lead gains as the country's blue--chip index nears a record high, ) (Graphic: Valuations of China's stock market darlings surge, )</p>\n<p><img src=\"https://static.tigerbbs.com/779d6f70637a4ac561d4c9c76ff8bf6f\" tg-width=\"1530\" tg-height=\"758\"><img src=\"https://static.tigerbbs.com/d5cd7f254e3f8b8a2d412906694f2e33\" tg-width=\"616\" tg-height=\"462\"></p>\n<p>“There are big bubbles in consumer, health care and liquor stocks, with valuations of some of these shares exceeding their previous record highs,” said Dong Baozhen, chairman of Beijing-based private securities fund Lingtong Shengtai Investment Management.</p>\n<p>“Their rally has nothing to do with fundamentals now and poses huge risks for investors,” he added.</p>\n<p>In the latest example of retail frenzy, a Chinese mutual fund attracted a record $37 billion worth of investor subscriptions on the first day of sales.</p>\n<p>(Graphic: China's mutual fund industry grows rapidly, )</p>\n<p><img src=\"https://static.tigerbbs.com/8fa2b4cdb731b06797d94af06272d14c\" tg-width=\"863\" tg-height=\"479\"></p>\n<p>The rise in stock prices has been fuelled by foreign and domestic money, as Chinese authorities unleashed massive stimulus to deal with the blow from the COVID-19 pandemic and the country’s economy recovered faster than others.</p>\n<p>As worries increase over frothy valuations, some investors are turning to cheaper Chinese shares listed in Hong Kong, particularly as U.S. exchanges delist these firms and American investors are forced to offload their shares.</p>\n<p>“The (U.S.) bans actually tell people what good assets are in Hong Kong,” said Xia Tian, managing director at Shanghai-based asset management firm Minvest.</p>\n<p>Investor buying via Stock Connect from the mainland to Hong Kong hit a record high of HK$26.6 billion ($3.43 billion) on Tuesday, and the total southbound purchases in the new year hit HK$221.8 billion as of Thursday, according to exchange data.</p>\n<p>The Stock Connect scheme gives investors access to both markets when investing in A-shares in the mainland and H-shares in Hong Kong.</p>\n<p>Morgan Stanley reckons the robust flows into Hong Kong owe to mainland policymakers’ encouragement of outbound investment and an elevated premium of domestic A-shares over the Hong Kong-listed H-shares. Companies’ A-shares listed in China are currently trading at a more than 30% premium over their Hong Kong-listed shares.</p>\n<p>(Graphic: Mainland investors hunt for bargains in Hong Kong, )</p>\n<p><img src=\"https://static.tigerbbs.com/51daf49d9de2b37db2a2b003e3f2b5d1\" tg-width=\"865\" tg-height=\"477\"></p>\n<p><b>JUSTIFIED EXUBERANCE?</b></p>\n<p>The rally in China’s A-share market has also been driven by foreign investment. As of Thursday, foreign investors had purchased a total of 48.7 billion yuan ($7.53 billion) worth of A-shares via the Stock Connect this year, which is already a fifth of what they bought in 2020.</p>\n<p>UBS expects flows of 200 billion yuan into the A-share market in 2021, citing improvement in China’s legal protection for investors, better information disclosure by major shareholders and more capable leading firms in various industries.</p>\n<p>(Graphic: Foreign investors continued to buy A-shares in 2020, )</p>\n<p><img src=\"https://static.tigerbbs.com/d7b559c21ae4cb9bbbda25a57bc7f502\" tg-width=\"884\" tg-height=\"506\"></p>\n<p>Some investors believe the exuberance onshore is justified due to China’s solid economic recovery, continued policy support and further opening up of its capital markets.</p>\n<p>“There is no frothiness in leading large-cap stocks, seen as safer bets as China pushes forward with registration-based IPO reforms in the market,” said Wang Mingli, executive director of Youpu Investment, a Shanghai-based private securities fund.</p>\n<p>“Investors would come back even later if they reduce exposure for now as there are few options out there that represent the country’s future economic development,” he added.</p>\n<p>($1 = 6.4676 Chinese yuan)</p>\n<p>($1 = 7.7517 Hong Kong dollars)</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>Stock bubble worries push Chinese investors from home to Hong Kong</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock bubble worries push Chinese investors from home to Hong Kong\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-01-22 16:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>As China’s blue-chip index approaches an all-time high, growing fears about bubbles developing in some parts of the country’s stock market are prodding some investors to seek bargains in Hong Kong.</p>\n<p>Retail investors have poured money into stocks via mutual funds, pushing valuations in sectors such as consumer, healthcare and new energy to multi-year or even record levels.</p>\n<p>For instance, the CSI new energy index has climbed 15% so far this year, after more than doubling in 2020, thanks in part to China’s carbon neutrality pledge.</p>\n<p>(Graphic: China's new energy, healthcare and consumer stocks lead gains as the country's blue--chip index nears a record high, ) (Graphic: Valuations of China's stock market darlings surge, )</p>\n<p><img src=\"https://static.tigerbbs.com/779d6f70637a4ac561d4c9c76ff8bf6f\" tg-width=\"1530\" tg-height=\"758\"><img src=\"https://static.tigerbbs.com/d5cd7f254e3f8b8a2d412906694f2e33\" tg-width=\"616\" tg-height=\"462\"></p>\n<p>“There are big bubbles in consumer, health care and liquor stocks, with valuations of some of these shares exceeding their previous record highs,” said Dong Baozhen, chairman of Beijing-based private securities fund Lingtong Shengtai Investment Management.</p>\n<p>“Their rally has nothing to do with fundamentals now and poses huge risks for investors,” he added.</p>\n<p>In the latest example of retail frenzy, a Chinese mutual fund attracted a record $37 billion worth of investor subscriptions on the first day of sales.</p>\n<p>(Graphic: China's mutual fund industry grows rapidly, )</p>\n<p><img src=\"https://static.tigerbbs.com/8fa2b4cdb731b06797d94af06272d14c\" tg-width=\"863\" tg-height=\"479\"></p>\n<p>The rise in stock prices has been fuelled by foreign and domestic money, as Chinese authorities unleashed massive stimulus to deal with the blow from the COVID-19 pandemic and the country’s economy recovered faster than others.</p>\n<p>As worries increase over frothy valuations, some investors are turning to cheaper Chinese shares listed in Hong Kong, particularly as U.S. exchanges delist these firms and American investors are forced to offload their shares.</p>\n<p>“The (U.S.) bans actually tell people what good assets are in Hong Kong,” said Xia Tian, managing director at Shanghai-based asset management firm Minvest.</p>\n<p>Investor buying via Stock Connect from the mainland to Hong Kong hit a record high of HK$26.6 billion ($3.43 billion) on Tuesday, and the total southbound purchases in the new year hit HK$221.8 billion as of Thursday, according to exchange data.</p>\n<p>The Stock Connect scheme gives investors access to both markets when investing in A-shares in the mainland and H-shares in Hong Kong.</p>\n<p>Morgan Stanley reckons the robust flows into Hong Kong owe to mainland policymakers’ encouragement of outbound investment and an elevated premium of domestic A-shares over the Hong Kong-listed H-shares. Companies’ A-shares listed in China are currently trading at a more than 30% premium over their Hong Kong-listed shares.</p>\n<p>(Graphic: Mainland investors hunt for bargains in Hong Kong, )</p>\n<p><img src=\"https://static.tigerbbs.com/51daf49d9de2b37db2a2b003e3f2b5d1\" tg-width=\"865\" tg-height=\"477\"></p>\n<p><b>JUSTIFIED EXUBERANCE?</b></p>\n<p>The rally in China’s A-share market has also been driven by foreign investment. As of Thursday, foreign investors had purchased a total of 48.7 billion yuan ($7.53 billion) worth of A-shares via the Stock Connect this year, which is already a fifth of what they bought in 2020.</p>\n<p>UBS expects flows of 200 billion yuan into the A-share market in 2021, citing improvement in China’s legal protection for investors, better information disclosure by major shareholders and more capable leading firms in various industries.</p>\n<p>(Graphic: Foreign investors continued to buy A-shares in 2020, )</p>\n<p><img src=\"https://static.tigerbbs.com/d7b559c21ae4cb9bbbda25a57bc7f502\" tg-width=\"884\" tg-height=\"506\"></p>\n<p>Some investors believe the exuberance onshore is justified due to China’s solid economic recovery, continued policy support and further opening up of its capital markets.</p>\n<p>“There is no frothiness in leading large-cap stocks, seen as safer bets as China pushes forward with registration-based IPO reforms in the market,” said Wang Mingli, executive director of Youpu Investment, a Shanghai-based private securities fund.</p>\n<p>“Investors would come back even later if they reduce exposure for now as there are few options out there that represent the country’s future economic development,” he added.</p>\n<p>($1 = 6.4676 Chinese yuan)</p>\n<p>($1 = 7.7517 Hong Kong dollars)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","HSCCI":"红筹指数","HSI":"恒生指数","HSCEI":"国企指数","000001.SH":"上证指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148522524","content_text":"As China’s blue-chip index approaches an all-time high, growing fears about bubbles developing in some parts of the country’s stock market are prodding some investors to seek bargains in Hong Kong.\nRetail investors have poured money into stocks via mutual funds, pushing valuations in sectors such as consumer, healthcare and new energy to multi-year or even record levels.\nFor instance, the CSI new energy index has climbed 15% so far this year, after more than doubling in 2020, thanks in part to China’s carbon neutrality pledge.\n(Graphic: China's new energy, healthcare and consumer stocks lead gains as the country's blue--chip index nears a record high, ) (Graphic: Valuations of China's stock market darlings surge, )\n\n“There are big bubbles in consumer, health care and liquor stocks, with valuations of some of these shares exceeding their previous record highs,” said Dong Baozhen, chairman of Beijing-based private securities fund Lingtong Shengtai Investment Management.\n“Their rally has nothing to do with fundamentals now and poses huge risks for investors,” he added.\nIn the latest example of retail frenzy, a Chinese mutual fund attracted a record $37 billion worth of investor subscriptions on the first day of sales.\n(Graphic: China's mutual fund industry grows rapidly, )\n\nThe rise in stock prices has been fuelled by foreign and domestic money, as Chinese authorities unleashed massive stimulus to deal with the blow from the COVID-19 pandemic and the country’s economy recovered faster than others.\nAs worries increase over frothy valuations, some investors are turning to cheaper Chinese shares listed in Hong Kong, particularly as U.S. exchanges delist these firms and American investors are forced to offload their shares.\n“The (U.S.) bans actually tell people what good assets are in Hong Kong,” said Xia Tian, managing director at Shanghai-based asset management firm Minvest.\nInvestor buying via Stock Connect from the mainland to Hong Kong hit a record high of HK$26.6 billion ($3.43 billion) on Tuesday, and the total southbound purchases in the new year hit HK$221.8 billion as of Thursday, according to exchange data.\nThe Stock Connect scheme gives investors access to both markets when investing in A-shares in the mainland and H-shares in Hong Kong.\nMorgan Stanley reckons the robust flows into Hong Kong owe to mainland policymakers’ encouragement of outbound investment and an elevated premium of domestic A-shares over the Hong Kong-listed H-shares. Companies’ A-shares listed in China are currently trading at a more than 30% premium over their Hong Kong-listed shares.\n(Graphic: Mainland investors hunt for bargains in Hong Kong, )\n\nJUSTIFIED EXUBERANCE?\nThe rally in China’s A-share market has also been driven by foreign investment. As of Thursday, foreign investors had purchased a total of 48.7 billion yuan ($7.53 billion) worth of A-shares via the Stock Connect this year, which is already a fifth of what they bought in 2020.\nUBS expects flows of 200 billion yuan into the A-share market in 2021, citing improvement in China’s legal protection for investors, better information disclosure by major shareholders and more capable leading firms in various industries.\n(Graphic: Foreign investors continued to buy A-shares in 2020, )\n\nSome investors believe the exuberance onshore is justified due to China’s solid economic recovery, continued policy support and further opening up of its capital markets.\n“There is no frothiness in leading large-cap stocks, seen as safer bets as China pushes forward with registration-based IPO reforms in the market,” said Wang Mingli, executive director of Youpu Investment, a Shanghai-based private securities fund.\n“Investors would come back even later if they reduce exposure for now as there are few options out there that represent the country’s future economic development,” he added.\n($1 = 6.4676 Chinese yuan)\n($1 = 7.7517 Hong Kong dollars)","news_type":1},"isVote":1,"tweetType":1,"viewCount":176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":334241866,"gmtCreate":1610845517855,"gmtModify":1704986266739,"author":{"id":"3573227795342863","authorId":"3573227795342863","name":"TeeNyKoH","avatar":"https://static.tigerbbs.com/4bdaa509575379c4224d28e97e3cdf9e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573227795342863","authorIdStr":"3573227795342863"},"themes":[],"htmlText":"$Cciv","listText":"$Cciv","text":"$Cciv","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/334241866","isVote":1,"tweetType":1,"viewCount":449,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3527667803686145","authorIdStr":"3527667803686145"},"content":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. 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If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","text":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. If you want to create high-quality articles, please checkGuidelines for Tiger Community Creation","html":"Finally, when you first post [compare heart] [compare heart] post, you can get more exposure by related stocks or related topics. 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