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Kimmi3330

Kimmi3330

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2021-06-28

A phenomenal market of over 1.4 billion, of which active condumer exceeds 900 million, is an engine to be reckon with. Markets in western world collectively has to buck up to balance the consumer's intensity of China within the next 20 years.....which by 2040 might have a population of close to 1.6 billion. Their(China) new "more than 2 kids per family" policy will especially cause a mini baby boom in their rural areas, as well as 4th - 5th tier cities, if their government were to provide certain level of financial or material support to encourage birthWatch out

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2021-06-27

The Oracle has made his move again, though I don't agree with the move on BOA

5 Buffett Stocks to Buy Hand Over Fist for the Second Half of 2021

2021-06-26

The higher the climb, the harder the fall.....inorganic

S&P 500 climbs to another record led by bank shares, notches its best week since February

2021-06-25

Levels are too high; impending risk ahead

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2021-06-22

Double whamy

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2021-05-14

Trying to window-dress is not exactly a wise thing to do for the lomg term benefit of the US economy

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2021-05-12

It's overheated already. Something has to be done to prevent some serious "damage"

These ‘panic events’ could soon spell relief for stock markets, says top strategist Thomas Lee

2021-05-10

The danger of IT rearing it's ugly head

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2021-05-10

The challenges are truly daunting; overly optimistic is a double-edged dagger

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Go to Tiger App to see more news

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Markets in western world collectively has to buck up to balance the consumer's intensity of China within the next 20 years.....which by 2040 might have a population of close to 1.6 billion. Their(China) new \"more than 2 kids per family\" policy will especially cause a mini baby boom in their rural areas, as well as 4th - 5th tier cities, if their government were to provide certain level of financial or material support to encourage birthWatch out","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127130499","repostId":"2146000883","repostType":4,"isVote":1,"tweetType":1,"viewCount":420,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124689481,"gmtCreate":1624762203743,"gmtModify":1703844645242,"author":{"id":"3573711693108471","authorId":"3573711693108471","name":"Kimmi3330","avatar":"https://static.tigerbbs.com/460454047f0018a4bf2a5f5a24648d4e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573711693108471","idStr":"3573711693108471"},"themes":[],"htmlText":"The Oracle has made his move again, though I don't agree with the move on&nbsp;BOA","listText":"The Oracle has made his move again, though I don't agree with the move on&nbsp;BOA","text":"The Oracle has made his move again, though I don't agree with the move on BOA","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/124689481","repostId":"2146090006","repostType":4,"repost":{"id":"2146090006","pubTimestamp":1624755315,"share":"https://ttm.financial/m/news/2146090006?lang=&edition=fundamental","pubTime":"2021-06-27 08:55","market":"us","language":"en","title":"5 Buffett Stocks to Buy Hand Over Fist for the Second Half of 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=2146090006","media":"Motley Fool","summary":"These growth and value stocks are begging to be bought by investors.","content":"<p>When Warren Buffett buys or sells a stock, Wall Street and retail investors tend to pay very close attention. That's because the Oracle of Omaha's track record is virtually unsurpassed. Since taking the reins of <b>Berkshire Hathaway</b> (NYSE:BRK.A)(NYSE:BRK.B) in the mid-1960s, Buffett's company has averaged an annual return of 20%. This works out to an aggregate gain of greater than 2,800,000% for its Class A shares.</p>\n<p>Although Buffett isn't perfect, he and his investing team have a knack for identifying attractively valued businesses that have clear competitive advantages. As we prepare to move into the second half of 2021, the following five Buffett stocks stand out as those that should be bought hand over fist.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1077c8372814d2b8150e933b4c608005\" tg-width=\"700\" tg-height=\"466\"><span>Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.</span></p>\n<h2>Amazon</h2>\n<p>Even though Buffett's investing lieutenants, Todd Combs and Ted Weschler, are the architects behind Berkshire Hathaway's stake in <b>Amazon</b> (NASDAQ:AMZN), it's arguably the Buffett stock that should be bought most aggressively ahead of the second half of the year.</p>\n<p>As most folks probably know, Amazon is an e-commerce juggernaut. Based on an April report from eMarketer, the company effectively controls $0.40 of every $1 spent online in the United States. It's also pivoted its online retail popularity into signing up more than 200 million people to its Prime program worldwide. The fees Amazon collects from Prime help it to undercut its competition on price. And it certainly doesn't hurt that Prime members tend to spend many multiples more than non-Prime shoppers during the course of the year.</p>\n<p>But it's the company's cloud infrastructure service, Amazon Web Services (AWS), that has truly budded into a star. Since the operating margins associated with cloud infrastructure are considerably higher than what Amazon nets from retail and advertising, AWS' growth is leading to a surge in operating cash flow. If investors were to continue to pay the midpoint of Amazon's operating cash flow multiple over the past decade, it could hit $10,000 a share by 2025.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b18b49b2b35da2fc49e0a83b883d1c22\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>Bristol Myers Squibb</h2>\n<p>Pharmaceutical stocks are money machines, and none looks to be more attractive on a valuation basis than <b>Bristol Myers Squibb</b> (NYSE:BMY).</p>\n<p>One reason to be excited about this drug developer is its organic growth potential. Eliquis, which was co-developed with <b>Pfizer</b>, has blossomed into the world's leading oral anticoagulant, with sales expected to surpass $10 billion in 2021. Meanwhile, dozens of additional clinical trials are underway for cancer immunotherapy Opdivo, which generated $7 billion in sales last year. This offers plenty of opportunity to expand Opdivo's label and pump up its pricing power.</p>\n<p>Another reason Bristol Myers Squibb is such an intriguing stock is its November 2019 acquisition of cancer and immunology company Celgene. Buying Celgene brought the blockbuster multiple-myeloma drug Revlimid into the fold. Revlimid has sustainably grown its annual sales by a double-digit percentage for more than a decade, with label expansion, longer duration of use, and pricing power all playing a role. This key treatment, which topped $12 billion in sales last year, is protected from a full onslaught of generic competition until early 2026. That means Bristol Myers will be rolling in the dough for another five years, at minimum.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1b152e369d7c967dcbc926192ee888c1\" tg-width=\"700\" tg-height=\"531\"><span>Image source: Getty Images.</span></p>\n<h2>Mastercard</h2>\n<p>Everyone seems to be looking for the smartest recovery play from the pandemic. Payment processor <b>Mastercard</b> (NYSE:MA) might well be the safest way to take advantage of a steady uptick in consumer and enterprise spending.</p>\n<p>Mastercard isn't a cheap stock by any means -- at 36 times Wall Street's forward-year earnings consensus -- but it benefits from a simple numbers game. While economic contractions and recessions are inevitable, these periods of turbulence tend to be short-lived. By comparison, economic expansions often last many years. Buying into Mastercard allows investors to take full advantage of these long periods of economic expansion and robust spending. Plus, it doesn't hurt that Mastercard has the second-highest share of credit-card network purchase volume in the U.S., the leading market for consumption.</p>\n<p>Investors can also sleep easy with the understanding that Mastercard strictly sticks to payment facilitation. Even though some of its peers also lend, and are therefore able to generate interest income and fees during bull markets, Mastercard has avoided becoming a lender. It's something you'll truly appreciate when a recession strikes. Whereas most financial stocks will be forced to set aside capital to cover credit or loan delinquencies, Mastercard won't have to. This is a big reason it bounces back from recessions quicker than most financial stocks.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e4e1a1fe028efa4c966b66ef2cd466f5\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>Teva Pharmaceutical Industries</h2>\n<p>If you have an appetite for turnaround plays, brand-name and generic-drug developer <b>Teva Pharmaceutical Industries</b> (NYSE:TEVA) is the stock to buy hand over fist for the second half of 2021. Like Amazon, it's a stock that was added to Berkshire Hathaway's portfolio by either Combs or Weschler and not Buffett.</p>\n<p>While there's no denying that Teva has its fair share of hurdles to overcome, the company's turnaround-focused CEO, Kare Schultz, has been a blessing. Since taking the helm less than four years ago, Schultz has helped shave off more than $10 billion in net debt, and he's overseen the reduction of roughly $3 billion in annual operating expenses. There's more work to do to improve Teva's balance sheet, but the company is very clearly on much firmer ground than it was back in 2016-2017.</p>\n<p>Schultz also has the potential to play peacemaker for a number of outstanding lawsuits targeting Teva's role in the opioid crisis. If this litigation can be resolved with minimal cash outlay, Teva's valuation could soar. At just 4 times the company's projected earnings in 2021, Teva is about as cheap as a healthcare stock can get.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/44a30c4dfd6886a29e22d3c6558c3e56\" tg-width=\"700\" tg-height=\"466\"><span>Image source: Getty Images.</span></p>\n<h2>Bank of America</h2>\n<p>Lastly, bank stock <b>Bank of America</b> (NYSE:BAC) has the look of a company that can be confidently bought hand over fist for the second half of 2021.</p>\n<p>For much of the past decade, the Federal Reserve has kept interest rates at or near historic lows. That's meant less in the way of interest income for banks. But the latest update from the nation's central bank suggests that interest rates could begin creeping up in 2023, a year earlier than previously forecast. Bank of America is the most interest-sensitive money-center bank. According to its first-quarter investor presentation, BofA would generate $8.3 billion in net interest income on a 100-basis-point shift in the interest rate yield curve. Translation: Bank of America's profits should rocket higher beginning in 2023-2024.</p>\n<p>At the same time, BofA has done an outstanding job of controlling its costs and improving its operating efficiency. Investments in digitization have resulted in higher mobile app and digital banking use, which is allowing the company to consolidate some of its branches. Even with its shares at a 13-year high, Bank of America has plenty left in the tank.</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>5 Buffett Stocks to Buy Hand Over Fist for the Second Half of 2021</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\">\n5 Buffett Stocks to Buy Hand Over Fist for the Second Half of 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-27 08:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/06/26/buffett-stocks-buy-hand-over-fist-second-half-2021/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>When Warren Buffett buys or sells a stock, Wall Street and retail investors tend to pay very close attention. That's because the Oracle of Omaha's track record is virtually unsurpassed. Since taking ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/06/26/buffett-stocks-buy-hand-over-fist-second-half-2021/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BMY":"施贵宝","TEVA":"梯瓦制药","AMZN":"亚马逊","BAC":"美国银行","BRK.B":"伯克希尔B","BRK.A":"伯克希尔","MA":"万事达"},"source_url":"https://www.fool.com/investing/2021/06/26/buffett-stocks-buy-hand-over-fist-second-half-2021/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146090006","content_text":"When Warren Buffett buys or sells a stock, Wall Street and retail investors tend to pay very close attention. That's because the Oracle of Omaha's track record is virtually unsurpassed. Since taking the reins of Berkshire Hathaway (NYSE:BRK.A)(NYSE:BRK.B) in the mid-1960s, Buffett's company has averaged an annual return of 20%. This works out to an aggregate gain of greater than 2,800,000% for its Class A shares.\nAlthough Buffett isn't perfect, he and his investing team have a knack for identifying attractively valued businesses that have clear competitive advantages. As we prepare to move into the second half of 2021, the following five Buffett stocks stand out as those that should be bought hand over fist.\nBerkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.\nAmazon\nEven though Buffett's investing lieutenants, Todd Combs and Ted Weschler, are the architects behind Berkshire Hathaway's stake in Amazon (NASDAQ:AMZN), it's arguably the Buffett stock that should be bought most aggressively ahead of the second half of the year.\nAs most folks probably know, Amazon is an e-commerce juggernaut. Based on an April report from eMarketer, the company effectively controls $0.40 of every $1 spent online in the United States. It's also pivoted its online retail popularity into signing up more than 200 million people to its Prime program worldwide. The fees Amazon collects from Prime help it to undercut its competition on price. And it certainly doesn't hurt that Prime members tend to spend many multiples more than non-Prime shoppers during the course of the year.\nBut it's the company's cloud infrastructure service, Amazon Web Services (AWS), that has truly budded into a star. Since the operating margins associated with cloud infrastructure are considerably higher than what Amazon nets from retail and advertising, AWS' growth is leading to a surge in operating cash flow. If investors were to continue to pay the midpoint of Amazon's operating cash flow multiple over the past decade, it could hit $10,000 a share by 2025.\nImage source: Getty Images.\nBristol Myers Squibb\nPharmaceutical stocks are money machines, and none looks to be more attractive on a valuation basis than Bristol Myers Squibb (NYSE:BMY).\nOne reason to be excited about this drug developer is its organic growth potential. Eliquis, which was co-developed with Pfizer, has blossomed into the world's leading oral anticoagulant, with sales expected to surpass $10 billion in 2021. Meanwhile, dozens of additional clinical trials are underway for cancer immunotherapy Opdivo, which generated $7 billion in sales last year. This offers plenty of opportunity to expand Opdivo's label and pump up its pricing power.\nAnother reason Bristol Myers Squibb is such an intriguing stock is its November 2019 acquisition of cancer and immunology company Celgene. Buying Celgene brought the blockbuster multiple-myeloma drug Revlimid into the fold. Revlimid has sustainably grown its annual sales by a double-digit percentage for more than a decade, with label expansion, longer duration of use, and pricing power all playing a role. This key treatment, which topped $12 billion in sales last year, is protected from a full onslaught of generic competition until early 2026. That means Bristol Myers will be rolling in the dough for another five years, at minimum.\nImage source: Getty Images.\nMastercard\nEveryone seems to be looking for the smartest recovery play from the pandemic. Payment processor Mastercard (NYSE:MA) might well be the safest way to take advantage of a steady uptick in consumer and enterprise spending.\nMastercard isn't a cheap stock by any means -- at 36 times Wall Street's forward-year earnings consensus -- but it benefits from a simple numbers game. While economic contractions and recessions are inevitable, these periods of turbulence tend to be short-lived. By comparison, economic expansions often last many years. Buying into Mastercard allows investors to take full advantage of these long periods of economic expansion and robust spending. Plus, it doesn't hurt that Mastercard has the second-highest share of credit-card network purchase volume in the U.S., the leading market for consumption.\nInvestors can also sleep easy with the understanding that Mastercard strictly sticks to payment facilitation. Even though some of its peers also lend, and are therefore able to generate interest income and fees during bull markets, Mastercard has avoided becoming a lender. It's something you'll truly appreciate when a recession strikes. Whereas most financial stocks will be forced to set aside capital to cover credit or loan delinquencies, Mastercard won't have to. This is a big reason it bounces back from recessions quicker than most financial stocks.\nImage source: Getty Images.\nTeva Pharmaceutical Industries\nIf you have an appetite for turnaround plays, brand-name and generic-drug developer Teva Pharmaceutical Industries (NYSE:TEVA) is the stock to buy hand over fist for the second half of 2021. Like Amazon, it's a stock that was added to Berkshire Hathaway's portfolio by either Combs or Weschler and not Buffett.\nWhile there's no denying that Teva has its fair share of hurdles to overcome, the company's turnaround-focused CEO, Kare Schultz, has been a blessing. Since taking the helm less than four years ago, Schultz has helped shave off more than $10 billion in net debt, and he's overseen the reduction of roughly $3 billion in annual operating expenses. There's more work to do to improve Teva's balance sheet, but the company is very clearly on much firmer ground than it was back in 2016-2017.\nSchultz also has the potential to play peacemaker for a number of outstanding lawsuits targeting Teva's role in the opioid crisis. If this litigation can be resolved with minimal cash outlay, Teva's valuation could soar. At just 4 times the company's projected earnings in 2021, Teva is about as cheap as a healthcare stock can get.\nImage source: Getty Images.\nBank of America\nLastly, bank stock Bank of America (NYSE:BAC) has the look of a company that can be confidently bought hand over fist for the second half of 2021.\nFor much of the past decade, the Federal Reserve has kept interest rates at or near historic lows. That's meant less in the way of interest income for banks. But the latest update from the nation's central bank suggests that interest rates could begin creeping up in 2023, a year earlier than previously forecast. Bank of America is the most interest-sensitive money-center bank. According to its first-quarter investor presentation, BofA would generate $8.3 billion in net interest income on a 100-basis-point shift in the interest rate yield curve. Translation: Bank of America's profits should rocket higher beginning in 2023-2024.\nAt the same time, BofA has done an outstanding job of controlling its costs and improving its operating efficiency. Investments in digitization have resulted in higher mobile app and digital banking use, which is allowing the company to consolidate some of its branches. Even with its shares at a 13-year high, Bank of America has plenty left in the tank.","news_type":1},"isVote":1,"tweetType":1,"viewCount":202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125651415,"gmtCreate":1624672656437,"gmtModify":1703843277923,"author":{"id":"3573711693108471","authorId":"3573711693108471","name":"Kimmi3330","avatar":"https://static.tigerbbs.com/460454047f0018a4bf2a5f5a24648d4e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573711693108471","idStr":"3573711693108471"},"themes":[],"htmlText":"The higher the climb, the harder the fall.....inorganic&nbsp;","listText":"The higher the climb, the harder the fall.....inorganic&nbsp;","text":"The higher the climb, the harder the fall.....inorganic","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/125651415","repostId":"1177764085","repostType":4,"repost":{"id":"1177764085","pubTimestamp":1624662146,"share":"https://ttm.financial/m/news/1177764085?lang=&edition=fundamental","pubTime":"2021-06-26 07:02","market":"us","language":"en","title":"S&P 500 climbs to another record led by bank shares, notches its best week since February","url":"https://stock-news.laohu8.com/highlight/detail?id=1177764085","media":"CNBC","summary":"U.S. stocks rose on Friday with the S&P 500 building on its rally to records, as investors bet that ","content":"<div>\n<p>U.S. stocks rose on Friday with the S&P 500 building on its rally to records, as investors bet that higher inflation will be temporary as the economy continues to recover from the pandemic.\nThe broad ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/stock-market-futures-open-to-close-.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 climbs to another record led by bank shares, notches its best week since February</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\">\nS&P 500 climbs to another record led by bank shares, notches its best week since February\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-26 07:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/stock-market-futures-open-to-close-.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stocks rose on Friday with the S&P 500 building on its rally to records, as investors bet that higher inflation will be temporary as the economy continues to recover from the pandemic.\nThe broad ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/stock-market-futures-open-to-close-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/06/24/stock-market-futures-open-to-close-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1177764085","content_text":"U.S. stocks rose on Friday with the S&P 500 building on its rally to records, as investors bet that higher inflation will be temporary as the economy continues to recover from the pandemic.\nThe broad equity benchmark climbed 0.3% to hit another closing record high of 4,280.70. Financials were the best-performing S&P 500 sector with a 1.3% gain. The Dow Jones Industrial Average rose 237.02 points, or 0.7%, to 34,433.84, sitting less than 2% from its record. The Nasdaq Composite erased earlier gains and closed 0.1% lower at 14,360.39 amid a rise in bond yields. The 10-year Treasury yield jumped 4 basis points to 1.52%.\nThe S&P 500 rallied 2.7% for the week, notching its biggest weekly gain since early February. The Dow gained 3.4% this week for its best week since mid-March, while the Nasdaq advanced 2.4%.\nFriday’s rally came after a key inflation indicator that the Federal Reserve uses to set policy rose 3.4% in May, the fastest increase since the early 1990s, the Commerce Department reported Friday. The reading matched the expectation from economists polled by Dow Jones. The core index rose 0.5% for the month, which actually was below the 0.6% estimate.\nThe core personal consumption expenditures price index increase reflects the rapid pace of economic expansion and resulting price pressures, and amplified how far the nation has come since the pandemic-induced shutdown of 2020.\n“This provided support to the Fed’s argument that inflation is transitory and will help allay fears that we are witnessing runaway inflation,” said Anu Gaggar, senior global Investment analyst at Commonwealth Financial Network. “This should continue to provide support to risk assets such as equities.”\nBank shares jumped after the Federal Reserve announced the banking industry could easily withstand a severe recession. The Fed, in releasing the results of its annual stress test, said the 23 institutions in the 2021 exam remained “well above” minimum required capital levels during a hypothetical economic downturn. The decision cleared the way for the banks to raise dividends and buy back more stock, which was suspended during the pandemic.\nWells Fargo climbed 2.6%, while Fifth Third and PNC all gained over 2%. JPMorgan and Bank of America both rose more than 1%.\nNike’s stock surged 15.5%, helping to boost sentiment for the Dow. The company reported earnings and revenue that blew past Wall Street estimates. Digital sales also jumped 41% since last year and 147% from two years ago.\nOn the flipside,FedEx dipped 3.6% despite beating on the top and bottom lines of its earnings. FedEx also gave a strong yearly outlook.\nFriday saw heightened trading volume as FTSE Russell was set to rebalance its U.S. stock indexes at the market close. Bank of America estimated that more than $170 billion worth of shares would be changed hands as a result of 625 changes in total to Russell indexes, including the Russell 1000 and Russell 2000.\nPresident Joe Biden announced Thursday that the White House struck an infrastructure deal with a bipartisan group of senators. The lawmakers have worked for weeks to craft a roughly $1 trillion package that could get through Congress with support from both parties. The framework will include $579 billion in new spending on transportation like roads, bridges and rail, electric vehicle infrastructure and electric transit, among other things.\nThe stock market came back from last week’s swoon induced by worries about a tighter Federal Reserve. Last week, the Dow fell 3.5% and the S&P 500 shed 1.9% as the Fed moved up its timeline for interest-rate increases.","news_type":1},"isVote":1,"tweetType":1,"viewCount":440,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3586655655659820","authorId":"3586655655659820","name":"sunshine138","avatar":"https://static.tigerbbs.com/23149c63a63bfeec1572cc27e1322750","crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3586655655659820","idStr":"3586655655659820"},"content":"[Weak]","text":"[Weak]","html":"[Weak]"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122347927,"gmtCreate":1624600334069,"gmtModify":1703841449273,"author":{"id":"3573711693108471","authorId":"3573711693108471","name":"Kimmi3330","avatar":"https://static.tigerbbs.com/460454047f0018a4bf2a5f5a24648d4e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573711693108471","idStr":"3573711693108471"},"themes":[],"htmlText":"Levels are too high; impending risk ahead","listText":"Levels are too high; impending risk ahead","text":"Levels are too high; impending risk ahead","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122347927","repostId":"2146302210","repostType":4,"isVote":1,"tweetType":1,"viewCount":185,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120283889,"gmtCreate":1624324684541,"gmtModify":1703833459311,"author":{"id":"3573711693108471","authorId":"3573711693108471","name":"Kimmi3330","avatar":"https://static.tigerbbs.com/460454047f0018a4bf2a5f5a24648d4e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573711693108471","idStr":"3573711693108471"},"themes":[],"htmlText":"Double whamy&nbsp;","listText":"Double whamy&nbsp;","text":"Double whamy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120283889","repostId":"1162141331","repostType":4,"isVote":1,"tweetType":1,"viewCount":460,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198138630,"gmtCreate":1620945275920,"gmtModify":1704350755551,"author":{"id":"3573711693108471","authorId":"3573711693108471","name":"Kimmi3330","avatar":"https://static.tigerbbs.com/460454047f0018a4bf2a5f5a24648d4e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573711693108471","idStr":"3573711693108471"},"themes":[],"htmlText":"Trying to window-dress is not exactly a wise thing to do for the lomg term benefit of the US economy&nbsp;","listText":"Trying to window-dress is not exactly a wise thing to do for the lomg term benefit of the US economy&nbsp;","text":"Trying to window-dress is not exactly a wise thing to do for the lomg term benefit of the US economy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198138630","repostId":"1198935836","repostType":4,"isVote":1,"tweetType":1,"viewCount":320,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193752679,"gmtCreate":1620823410091,"gmtModify":1704348917885,"author":{"id":"3573711693108471","authorId":"3573711693108471","name":"Kimmi3330","avatar":"https://static.tigerbbs.com/460454047f0018a4bf2a5f5a24648d4e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573711693108471","idStr":"3573711693108471"},"themes":[],"htmlText":"It's overheated already. Something has to be done to prevent some serious \"damage\"","listText":"It's overheated already. Something has to be done to prevent some serious \"damage\"","text":"It's overheated already. Something has to be done to prevent some serious \"damage\"","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/193752679","repostId":"1106026658","repostType":4,"repost":{"id":"1106026658","pubTimestamp":1620820023,"share":"https://ttm.financial/m/news/1106026658?lang=&edition=fundamental","pubTime":"2021-05-12 19:47","market":"us","language":"en","title":"These ‘panic events’ could soon spell relief for stock markets, says top strategist Thomas Lee","url":"https://stock-news.laohu8.com/highlight/detail?id=1106026658","media":"MarketWatch","summary":"Critical information for the U.S. trading day.\n\nThe clock is ticking down to a big reading on U.S. i","content":"<blockquote>\n <b>Critical information for the U.S. trading day.</b>\n</blockquote>\n<p>The clock is ticking down to a big reading on U.S. inflation, a red-hot topic for markets. Ahead of that, stock futures are pointing south, but by a less hefty amount than seen as of late.</p>\n<p>Perhaps helping out were the dip buyers who picked off beaten-down technology stocks on Tuesday, helping the Nasdaq erase a nearly 2% drop. The Dow Jones Industrial Average DJIA had its biggest one-day drop since the February rout.</p>\n<p>But could the worst be over?</p>\n<p>Providing our call of the day, Fundstrat Global Advisors’ founder Thomas Lee zeroes in on a couple of “panic events” that he believes could signal market capitulation. That occurs when investors dump their holdings, often driven by a correction, leading to a potential bottom for stocks.</p>\n<p>In a note to clients that published on Wednesday, Lee explained those events, starting with a 40% surge over two days for the Cboe Volatility Index, or the VIX VIX. Such action, he noted, has only been seen 20 times since 1990.</p>\n<p><img src=\"https://static.tigerbbs.com/14820ddbd819195b21350c67454b7a2e\" tg-width=\"1242\" tg-height=\"918\"></p>\n<p>\"Based on similar instances of VIX spikes since 1990, “unless we are entering a recession, the VIX spike is simply a panic/reset. And this washes out investor sentiment,” said Lee.</p>\n<p>His data show that since 1990, the S&amp;P 500 has experienced four bear-market instances and 16 bull-market instances when the VIX has seen a similar two-day surge. The median forward return in those bullish follow-ups has been 1.6%, 6% and 8.7% on a one, three and six-month basis.</p>\n<p>The second “panic event” also happened on Tuesday, when the NYSE Tick index, which compares the number of stocks moving up versus down, collapsed to its worst reading since 1999, dropping 2,069 points, said Lee.</p>\n<p><img src=\"https://static.tigerbbs.com/8afdff00cbdd8181cc225ab731064469\" tg-width=\"1242\" tg-height=\"811\"></p>\n<p>He said all nine other worst TICK readings took place during bull-market periods, with the exception of 2001, though he doesn’t think markets are repeating that year, given stocks were already in a downtrend two years before that.</p>\n<p>Here, he highlights (circled in blue) what happens after those low TICK readings:</p>\n<p><img src=\"https://static.tigerbbs.com/e3e98a1a5c98e360e52e050f314c74ec\" tg-width=\"1242\" tg-height=\"856\"></p>\n<p>While many investors might view [Tuesday’s] plunge and the surge in the VIX as a negative sign, it might surprise you but these are actually bullish signals. Foremost, keep in mind that bull markets ‘ride an escalator, and fall down an elevator,’ meaning, in a bull market, stocks rise steadily and then plunge suddenly. Thus, a VIX surge and massive negative NYSE tick reading is positive,” said Lee.</p>\n<p>If a capitulation is en route, he said, investors should rotate out of tech and into so-called “epicenter recommended areas,” referring to economically sensitive companies.</p>\n<p>Here are 10 from his list of dozens such stocks: Advance Auto Parts AAP, motorcycle maker Harley-Davidson HOG, Wyndham Hotels WH, Prosperity Bancshares PB, Bank of New York Mellon BK, amusement-park company Six Flags SIX, energy companies Exxon Mobil XOM and GE GE, airline JetBlue JBLU and department store Kohl’s KSS.</p>\n<p><b>Inflation day and ether surges</b></p>\n<p>Economists expect consumer prices, due ahead of the open, to climb in April for the 11th straight month, and the annual rate could reach above 3.5% for the first time since 2011. Ahead of those data, U.S. stock futures ES00 YM00 NQ00 are pointing south. Selling in Asia sent Taiwan’s TAIEX TW:Y9999 down more than 8% at one point, while European stocks XX:SXXP have rebounded after the worst session of the year.</p>\n<p>Days after a cyberattack, the Colonial Pipeline fuel outage continues to cause misery for U.S. drivers. The U.S. Energy Department says it is trying to help:</p>\n<p><img src=\"https://static.tigerbbs.com/e6569ec0c0e4ab354b6b2a990fbd9a57\" tg-width=\"1080\" tg-height=\"1378\"></p>\n<p>Digital currency ether ETHUSD has resumed its run higher after a brief pullback, with most digital currencies moving up. As some on Twitter TWTR are pointing out, the market cap of the cryptocurrency that runs on the ethereum blockchain is now bigger than that of JPMorgan JPM. And while meme cryptocurrency Dogecoin DOGEUSD is down, one Goldman Sachs GS worker reportedly made enough to quit his job.</p>\n<p><img src=\"https://static.tigerbbs.com/e01a37a645a13794eeaeeb26c11b0224\" tg-width=\"1080\" tg-height=\"1456\"></p>\n<p>Despite poor results in western trials, China’s Sinovac COVID-19 vaccine has eliminated the coronavirus that causes the disease among more than 25,000 Indonesian health workers.</p>\n<p>There has been no let up in the attacks on the Gaza Strip, which is turning into the worst outbreak of violence since 2014.</p>\n<p>Rep. Liz Cheney warned former President Donald Trump and his Republican supporters are trying to “undermine our democracy,” ahead of a vote that may strip her of a leadership post.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>These ‘panic events’ could soon spell relief for stock markets, says top strategist Thomas Lee</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThese ‘panic events’ could soon spell relief for stock markets, says top strategist Thomas Lee\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-12 19:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/these-panic-events-could-soon-spell-relief-for-stock-markets-says-top-strategist-thomas-lee-11620818511><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Critical information for the U.S. trading day.\n\nThe clock is ticking down to a big reading on U.S. inflation, a red-hot topic for markets. Ahead of that, stock futures are pointing south, but by a ...</p>\n\n<a href=\"https://www.marketwatch.com/story/these-panic-events-could-soon-spell-relief-for-stock-markets-says-top-strategist-thomas-lee-11620818511\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","SPY":"标普500ETF",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.marketwatch.com/story/these-panic-events-could-soon-spell-relief-for-stock-markets-says-top-strategist-thomas-lee-11620818511","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106026658","content_text":"Critical information for the U.S. trading day.\n\nThe clock is ticking down to a big reading on U.S. inflation, a red-hot topic for markets. Ahead of that, stock futures are pointing south, but by a less hefty amount than seen as of late.\nPerhaps helping out were the dip buyers who picked off beaten-down technology stocks on Tuesday, helping the Nasdaq erase a nearly 2% drop. The Dow Jones Industrial Average DJIA had its biggest one-day drop since the February rout.\nBut could the worst be over?\nProviding our call of the day, Fundstrat Global Advisors’ founder Thomas Lee zeroes in on a couple of “panic events” that he believes could signal market capitulation. That occurs when investors dump their holdings, often driven by a correction, leading to a potential bottom for stocks.\nIn a note to clients that published on Wednesday, Lee explained those events, starting with a 40% surge over two days for the Cboe Volatility Index, or the VIX VIX. Such action, he noted, has only been seen 20 times since 1990.\n\n\"Based on similar instances of VIX spikes since 1990, “unless we are entering a recession, the VIX spike is simply a panic/reset. And this washes out investor sentiment,” said Lee.\nHis data show that since 1990, the S&P 500 has experienced four bear-market instances and 16 bull-market instances when the VIX has seen a similar two-day surge. The median forward return in those bullish follow-ups has been 1.6%, 6% and 8.7% on a one, three and six-month basis.\nThe second “panic event” also happened on Tuesday, when the NYSE Tick index, which compares the number of stocks moving up versus down, collapsed to its worst reading since 1999, dropping 2,069 points, said Lee.\n\nHe said all nine other worst TICK readings took place during bull-market periods, with the exception of 2001, though he doesn’t think markets are repeating that year, given stocks were already in a downtrend two years before that.\nHere, he highlights (circled in blue) what happens after those low TICK readings:\n\nWhile many investors might view [Tuesday’s] plunge and the surge in the VIX as a negative sign, it might surprise you but these are actually bullish signals. Foremost, keep in mind that bull markets ‘ride an escalator, and fall down an elevator,’ meaning, in a bull market, stocks rise steadily and then plunge suddenly. Thus, a VIX surge and massive negative NYSE tick reading is positive,” said Lee.\nIf a capitulation is en route, he said, investors should rotate out of tech and into so-called “epicenter recommended areas,” referring to economically sensitive companies.\nHere are 10 from his list of dozens such stocks: Advance Auto Parts AAP, motorcycle maker Harley-Davidson HOG, Wyndham Hotels WH, Prosperity Bancshares PB, Bank of New York Mellon BK, amusement-park company Six Flags SIX, energy companies Exxon Mobil XOM and GE GE, airline JetBlue JBLU and department store Kohl’s KSS.\nInflation day and ether surges\nEconomists expect consumer prices, due ahead of the open, to climb in April for the 11th straight month, and the annual rate could reach above 3.5% for the first time since 2011. Ahead of those data, U.S. stock futures ES00 YM00 NQ00 are pointing south. Selling in Asia sent Taiwan’s TAIEX TW:Y9999 down more than 8% at one point, while European stocks XX:SXXP have rebounded after the worst session of the year.\nDays after a cyberattack, the Colonial Pipeline fuel outage continues to cause misery for U.S. drivers. The U.S. Energy Department says it is trying to help:\n\nDigital currency ether ETHUSD has resumed its run higher after a brief pullback, with most digital currencies moving up. As some on Twitter TWTR are pointing out, the market cap of the cryptocurrency that runs on the ethereum blockchain is now bigger than that of JPMorgan JPM. And while meme cryptocurrency Dogecoin DOGEUSD is down, one Goldman Sachs GS worker reportedly made enough to quit his job.\n\nDespite poor results in western trials, China’s Sinovac COVID-19 vaccine has eliminated the coronavirus that causes the disease among more than 25,000 Indonesian health workers.\nThere has been no let up in the attacks on the Gaza Strip, which is turning into the worst outbreak of violence since 2014.\nRep. Liz Cheney warned former President Donald Trump and his Republican supporters are trying to “undermine our democracy,” ahead of a vote that may strip her of a leadership post.","news_type":1},"isVote":1,"tweetType":1,"viewCount":318,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190219455,"gmtCreate":1620622570977,"gmtModify":1704345717849,"author":{"id":"3573711693108471","authorId":"3573711693108471","name":"Kimmi3330","avatar":"https://static.tigerbbs.com/460454047f0018a4bf2a5f5a24648d4e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573711693108471","idStr":"3573711693108471"},"themes":[],"htmlText":"The danger of IT rearing it's ugly head","listText":"The danger of IT rearing it's ugly head","text":"The danger of IT rearing it's ugly head","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190219455","repostId":"1112136236","repostType":4,"isVote":1,"tweetType":1,"viewCount":476,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190693106,"gmtCreate":1620614097605,"gmtModify":1704345548617,"author":{"id":"3573711693108471","authorId":"3573711693108471","name":"Kimmi3330","avatar":"https://static.tigerbbs.com/460454047f0018a4bf2a5f5a24648d4e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3573711693108471","idStr":"3573711693108471"},"themes":[],"htmlText":"The challenges are truly daunting; overly optimistic is a double-edged dagger","listText":"The challenges are truly daunting; overly optimistic is a double-edged dagger","text":"The challenges are truly daunting; overly optimistic is a double-edged dagger","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/190693106","repostId":"2134860876","repostType":4,"isVote":1,"tweetType":1,"viewCount":514,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":124689481,"gmtCreate":1624762203743,"gmtModify":1703844645242,"author":{"id":"3573711693108471","authorId":"3573711693108471","name":"Kimmi3330","avatar":"https://static.tigerbbs.com/460454047f0018a4bf2a5f5a24648d4e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573711693108471","authorIdStr":"3573711693108471"},"themes":[],"htmlText":"The Oracle has made his move again, though I don't agree with the move on&nbsp;BOA","listText":"The Oracle has made his move again, though I don't agree with the move on&nbsp;BOA","text":"The Oracle has made his move again, though I don't agree with the move on BOA","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/124689481","repostId":"2146090006","repostType":4,"isVote":1,"tweetType":1,"viewCount":202,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125651415,"gmtCreate":1624672656437,"gmtModify":1703843277923,"author":{"id":"3573711693108471","authorId":"3573711693108471","name":"Kimmi3330","avatar":"https://static.tigerbbs.com/460454047f0018a4bf2a5f5a24648d4e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573711693108471","authorIdStr":"3573711693108471"},"themes":[],"htmlText":"The higher the climb, the harder the fall.....inorganic&nbsp;","listText":"The higher the climb, the harder the fall.....inorganic&nbsp;","text":"The higher the climb, the harder the fall.....inorganic","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/125651415","repostId":"1177764085","repostType":4,"repost":{"id":"1177764085","pubTimestamp":1624662146,"share":"https://ttm.financial/m/news/1177764085?lang=&edition=fundamental","pubTime":"2021-06-26 07:02","market":"us","language":"en","title":"S&P 500 climbs to another record led by bank shares, notches its best week since February","url":"https://stock-news.laohu8.com/highlight/detail?id=1177764085","media":"CNBC","summary":"U.S. stocks rose on Friday with the S&P 500 building on its rally to records, as investors bet that ","content":"<div>\n<p>U.S. stocks rose on Friday with the S&P 500 building on its rally to records, as investors bet that higher inflation will be temporary as the economy continues to recover from the pandemic.\nThe broad ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/stock-market-futures-open-to-close-.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>S&P 500 climbs to another record led by bank shares, notches its best week since February</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\">\nS&P 500 climbs to another record led by bank shares, notches its best week since February\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-26 07:02 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/06/24/stock-market-futures-open-to-close-.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stocks rose on Friday with the S&P 500 building on its rally to records, as investors bet that higher inflation will be temporary as the economy continues to recover from the pandemic.\nThe broad ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/24/stock-market-futures-open-to-close-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.cnbc.com/2021/06/24/stock-market-futures-open-to-close-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1177764085","content_text":"U.S. stocks rose on Friday with the S&P 500 building on its rally to records, as investors bet that higher inflation will be temporary as the economy continues to recover from the pandemic.\nThe broad equity benchmark climbed 0.3% to hit another closing record high of 4,280.70. Financials were the best-performing S&P 500 sector with a 1.3% gain. The Dow Jones Industrial Average rose 237.02 points, or 0.7%, to 34,433.84, sitting less than 2% from its record. The Nasdaq Composite erased earlier gains and closed 0.1% lower at 14,360.39 amid a rise in bond yields. The 10-year Treasury yield jumped 4 basis points to 1.52%.\nThe S&P 500 rallied 2.7% for the week, notching its biggest weekly gain since early February. The Dow gained 3.4% this week for its best week since mid-March, while the Nasdaq advanced 2.4%.\nFriday’s rally came after a key inflation indicator that the Federal Reserve uses to set policy rose 3.4% in May, the fastest increase since the early 1990s, the Commerce Department reported Friday. The reading matched the expectation from economists polled by Dow Jones. The core index rose 0.5% for the month, which actually was below the 0.6% estimate.\nThe core personal consumption expenditures price index increase reflects the rapid pace of economic expansion and resulting price pressures, and amplified how far the nation has come since the pandemic-induced shutdown of 2020.\n“This provided support to the Fed’s argument that inflation is transitory and will help allay fears that we are witnessing runaway inflation,” said Anu Gaggar, senior global Investment analyst at Commonwealth Financial Network. “This should continue to provide support to risk assets such as equities.”\nBank shares jumped after the Federal Reserve announced the banking industry could easily withstand a severe recession. The Fed, in releasing the results of its annual stress test, said the 23 institutions in the 2021 exam remained “well above” minimum required capital levels during a hypothetical economic downturn. The decision cleared the way for the banks to raise dividends and buy back more stock, which was suspended during the pandemic.\nWells Fargo climbed 2.6%, while Fifth Third and PNC all gained over 2%. JPMorgan and Bank of America both rose more than 1%.\nNike’s stock surged 15.5%, helping to boost sentiment for the Dow. The company reported earnings and revenue that blew past Wall Street estimates. Digital sales also jumped 41% since last year and 147% from two years ago.\nOn the flipside,FedEx dipped 3.6% despite beating on the top and bottom lines of its earnings. FedEx also gave a strong yearly outlook.\nFriday saw heightened trading volume as FTSE Russell was set to rebalance its U.S. stock indexes at the market close. Bank of America estimated that more than $170 billion worth of shares would be changed hands as a result of 625 changes in total to Russell indexes, including the Russell 1000 and Russell 2000.\nPresident Joe Biden announced Thursday that the White House struck an infrastructure deal with a bipartisan group of senators. The lawmakers have worked for weeks to craft a roughly $1 trillion package that could get through Congress with support from both parties. The framework will include $579 billion in new spending on transportation like roads, bridges and rail, electric vehicle infrastructure and electric transit, among other things.\nThe stock market came back from last week’s swoon induced by worries about a tighter Federal Reserve. Last week, the Dow fell 3.5% and the S&P 500 shed 1.9% as the Fed moved up its timeline for interest-rate increases.","news_type":1},"isVote":1,"tweetType":1,"viewCount":440,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3586655655659820","authorId":"3586655655659820","name":"sunshine138","avatar":"https://static.tigerbbs.com/23149c63a63bfeec1572cc27e1322750","crmLevel":3,"crmLevelSwitch":0,"idStr":"3586655655659820","authorIdStr":"3586655655659820"},"content":"[Weak]","text":"[Weak]","html":"[Weak]"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120283889,"gmtCreate":1624324684541,"gmtModify":1703833459311,"author":{"id":"3573711693108471","authorId":"3573711693108471","name":"Kimmi3330","avatar":"https://static.tigerbbs.com/460454047f0018a4bf2a5f5a24648d4e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573711693108471","authorIdStr":"3573711693108471"},"themes":[],"htmlText":"Double whamy&nbsp;","listText":"Double whamy&nbsp;","text":"Double whamy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/120283889","repostId":"1162141331","repostType":4,"isVote":1,"tweetType":1,"viewCount":460,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190693106,"gmtCreate":1620614097605,"gmtModify":1704345548617,"author":{"id":"3573711693108471","authorId":"3573711693108471","name":"Kimmi3330","avatar":"https://static.tigerbbs.com/460454047f0018a4bf2a5f5a24648d4e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573711693108471","authorIdStr":"3573711693108471"},"themes":[],"htmlText":"The challenges are truly daunting; overly optimistic is a double-edged dagger","listText":"The challenges are truly daunting; overly optimistic is a double-edged dagger","text":"The challenges are truly daunting; overly optimistic is a double-edged dagger","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/190693106","repostId":"2134860876","repostType":4,"isVote":1,"tweetType":1,"viewCount":514,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":127130499,"gmtCreate":1624838870711,"gmtModify":1703845734755,"author":{"id":"3573711693108471","authorId":"3573711693108471","name":"Kimmi3330","avatar":"https://static.tigerbbs.com/460454047f0018a4bf2a5f5a24648d4e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573711693108471","authorIdStr":"3573711693108471"},"themes":[],"htmlText":"A phenomenal market of over 1.4 billion, of which active condumer exceeds 900 million, is an engine to be reckon with.&nbsp;Markets in&nbsp;western world collectively has to buck up to balance the consumer's intensity of China within the next 20 years.....which by 2040 might have a population of close to 1.6 billion.&nbsp;Their(China) new \"more than 2 kids per family\" policy will especially cause a mini baby&nbsp;boom in their&nbsp;rural areas, as well as 4th - 5th tier cities, if their government were to provide certain level of financial or material support to encourage birthWatch out","listText":"A phenomenal market of over 1.4 billion, of which active condumer exceeds 900 million, is an engine to be reckon with.&nbsp;Markets in&nbsp;western world collectively has to buck up to balance the consumer's intensity of China within the next 20 years.....which by 2040 might have a population of close to 1.6 billion.&nbsp;Their(China) new \"more than 2 kids per family\" policy will especially cause a mini baby&nbsp;boom in their&nbsp;rural areas, as well as 4th - 5th tier cities, if their government were to provide certain level of financial or material support to encourage birthWatch out","text":"A phenomenal market of over 1.4 billion, of which active condumer exceeds 900 million, is an engine to be reckon with. Markets in western world collectively has to buck up to balance the consumer's intensity of China within the next 20 years.....which by 2040 might have a population of close to 1.6 billion. Their(China) new \"more than 2 kids per family\" policy will especially cause a mini baby boom in their rural areas, as well as 4th - 5th tier cities, if their government were to provide certain level of financial or material support to encourage birthWatch out","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/127130499","repostId":"2146000883","repostType":4,"repost":{"id":"2146000883","pubTimestamp":1624836900,"share":"https://ttm.financial/m/news/2146000883?lang=&edition=fundamental","pubTime":"2021-06-28 07:35","market":"us","language":"en","title":"Chinese flock to home-grown brands in golden opportunity for investors","url":"https://stock-news.laohu8.com/highlight/detail?id=2146000883","media":"StreetInsider","summary":"BEIJING/HONG KONG (Reuters) - He Shuang, a student at a U.S. university stranded in her home city of","content":"<p>BEIJING/HONG KONG (Reuters) - He Shuang, a student at a U.S. university stranded in her home city of Chongqing in southwest China during the pandemic, has added more than 300 domestic brands to her list of favourites on Alibaba's Taobao online mall.</p>\n<p>Like with He, Chinese brands are hot with most shoppers and have spurred billions of dollars in investment, as consumers increasingly make patriotic choices amid a growing backlash against foreign brands https://www.reuters.com/business/retail-consumer/chinese-apps-join-celebs-backlash-against-western-fashion-brands-over-xinjiang-2021-03-26 in the country.</p>\n<p>A surge in online shopping after people were forced indoors due to COVID-19 last year, a recovery in the market since then, and infrastructure that allows vendors to scale up swiftly have also propelled demand for local brands.</p>\n<p>\"Once you try, you find the quality of local products is as good as foreign products,\" said the 19-year old He, who favours home-grown labels from Carslan eye shadows and Feiyue sneakers to Bestore Co snacks and Miniso homeware.</p>\n<p>Maia Active, a Sequoia Capital-backed athleisure wear maker, said its products were designed based on body measurements of Asian women and, therefore, offered local customers a better fit and more comfort than western counterparts.</p>\n<p>In lockstep with demand, investors too have been pouring funds into local consumer brands this year.</p>\n<p>Chinese consumer firms raised 69.7 billion yuan ($11 billion) from primary market investors in the first five months, more than double the year-earlier amount, according to Cygnus Equity, a Chinese boutique investment bank.</p>\n<p>\"Beauty products, food and beverage brands are the most popular. Recently hotpot and ramen brands are particularly coveted,\" said Ming Jin, managing partner at Cygnus.</p>\n<p>Up to 200 brands are currently seeking new capital from investors, bankers and investors said.</p>\n<p>\"China is the easiest market for building something from zero to a 100-million-yuan sales target,\" a private equity investor in tea chain operator Nayuki said, declining to be named as he was not authorised to speak to media.</p>\n<p>Nayuki last week raised $656 million in a Hong Kong float, which gave it a valuation of $4.4 billion, more than double the level in a December funding round.</p>\n<p>Weilong Delicious Global Holdings, whose flour-based spicy sticks sell for under 5 yuan per pack, raised 3.56 billion yuan in May from big name investors including Tencent, Jack Ma's Yunfeng Capital, CPE, Hillhouse Capital and Sequoia Capital China. The snack maker was valued at nearly 70 billion yuan.</p>\n<p>Sequoia-backed Genki Forest, a soft drink brand seeking to challenge Coca Cola, said it was valued at $6 billion after an April fundraising, ten times more than 18 months earlier.</p>\n<p>Its fundraising attracted investors such as Louis Vuitton owner LVMH's private equity arm and Singaporean state investor Temasek.</p>\n<p>LOCAL VS GLOBAL</p>\n<p>During JD.Com's online shopping festival this month, sales growth of Chinese brands was 4% higher than international brands. The growth in their customer numbers exceeded that of international brands by 16%, JD.com said.</p>\n<p>Chris Mulliken, a Shanghai-based partner at consultancy EY, said nationalism was a factor driving the popularity of local brands, including pride in China's recovery from COVID-19 even as several other countries battle high infection rates.</p>\n<p>\"People are travelling (albeit domestically) and taking the opportunity to rediscover their own country, return to their customs and discover new Chinese brands,\" he said.</p>\n<p>The recent Xinjiang cotton ban imposed by several global brands including H&amp;M, Nike and Adidas over concerns about alleged rights abuses in the province, which offended many Chinese consumers, was another catalyst. China strongly denies the claims and says all labour in Xinjiang is consensual and contract-based.</p>\n<p>Shares of domestic sportswear producers Xtep, Li Ning and Anta have risen 196%, 60% and 38% respectively since April.</p>\n<p>Dealmakers have warned about the sharply higher valuations, while they also say the demand trend will stay for a long time.</p>\n<p>\"Consumers no longer idolize international, multinational brands. They like products and brands that speak for them,\" said Nina Gong, a Shanghai-based managing director with private equity firm Carlyle Group.</p>","source":"highlight_streetinsider","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>Chinese flock to home-grown brands in golden opportunity for investors</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\">\nChinese flock to home-grown brands in golden opportunity for investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-28 07:35 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=18609148><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BEIJING/HONG KONG (Reuters) - He Shuang, a student at a U.S. university stranded in her home city of Chongqing in southwest China during the pandemic, has added more than 300 domestic brands to her ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=18609148\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BABA":"阿里巴巴","00700":"腾讯控股"},"source_url":"https://www.streetinsider.com/dr/news.php?id=18609148","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146000883","content_text":"BEIJING/HONG KONG (Reuters) - He Shuang, a student at a U.S. university stranded in her home city of Chongqing in southwest China during the pandemic, has added more than 300 domestic brands to her list of favourites on Alibaba's Taobao online mall.\nLike with He, Chinese brands are hot with most shoppers and have spurred billions of dollars in investment, as consumers increasingly make patriotic choices amid a growing backlash against foreign brands https://www.reuters.com/business/retail-consumer/chinese-apps-join-celebs-backlash-against-western-fashion-brands-over-xinjiang-2021-03-26 in the country.\nA surge in online shopping after people were forced indoors due to COVID-19 last year, a recovery in the market since then, and infrastructure that allows vendors to scale up swiftly have also propelled demand for local brands.\n\"Once you try, you find the quality of local products is as good as foreign products,\" said the 19-year old He, who favours home-grown labels from Carslan eye shadows and Feiyue sneakers to Bestore Co snacks and Miniso homeware.\nMaia Active, a Sequoia Capital-backed athleisure wear maker, said its products were designed based on body measurements of Asian women and, therefore, offered local customers a better fit and more comfort than western counterparts.\nIn lockstep with demand, investors too have been pouring funds into local consumer brands this year.\nChinese consumer firms raised 69.7 billion yuan ($11 billion) from primary market investors in the first five months, more than double the year-earlier amount, according to Cygnus Equity, a Chinese boutique investment bank.\n\"Beauty products, food and beverage brands are the most popular. Recently hotpot and ramen brands are particularly coveted,\" said Ming Jin, managing partner at Cygnus.\nUp to 200 brands are currently seeking new capital from investors, bankers and investors said.\n\"China is the easiest market for building something from zero to a 100-million-yuan sales target,\" a private equity investor in tea chain operator Nayuki said, declining to be named as he was not authorised to speak to media.\nNayuki last week raised $656 million in a Hong Kong float, which gave it a valuation of $4.4 billion, more than double the level in a December funding round.\nWeilong Delicious Global Holdings, whose flour-based spicy sticks sell for under 5 yuan per pack, raised 3.56 billion yuan in May from big name investors including Tencent, Jack Ma's Yunfeng Capital, CPE, Hillhouse Capital and Sequoia Capital China. The snack maker was valued at nearly 70 billion yuan.\nSequoia-backed Genki Forest, a soft drink brand seeking to challenge Coca Cola, said it was valued at $6 billion after an April fundraising, ten times more than 18 months earlier.\nIts fundraising attracted investors such as Louis Vuitton owner LVMH's private equity arm and Singaporean state investor Temasek.\nLOCAL VS GLOBAL\nDuring JD.Com's online shopping festival this month, sales growth of Chinese brands was 4% higher than international brands. The growth in their customer numbers exceeded that of international brands by 16%, JD.com said.\nChris Mulliken, a Shanghai-based partner at consultancy EY, said nationalism was a factor driving the popularity of local brands, including pride in China's recovery from COVID-19 even as several other countries battle high infection rates.\n\"People are travelling (albeit domestically) and taking the opportunity to rediscover their own country, return to their customs and discover new Chinese brands,\" he said.\nThe recent Xinjiang cotton ban imposed by several global brands including H&M, Nike and Adidas over concerns about alleged rights abuses in the province, which offended many Chinese consumers, was another catalyst. China strongly denies the claims and says all labour in Xinjiang is consensual and contract-based.\nShares of domestic sportswear producers Xtep, Li Ning and Anta have risen 196%, 60% and 38% respectively since April.\nDealmakers have warned about the sharply higher valuations, while they also say the demand trend will stay for a long time.\n\"Consumers no longer idolize international, multinational brands. They like products and brands that speak for them,\" said Nina Gong, a Shanghai-based managing director with private equity firm Carlyle Group.","news_type":1},"isVote":1,"tweetType":1,"viewCount":420,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122347927,"gmtCreate":1624600334069,"gmtModify":1703841449273,"author":{"id":"3573711693108471","authorId":"3573711693108471","name":"Kimmi3330","avatar":"https://static.tigerbbs.com/460454047f0018a4bf2a5f5a24648d4e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573711693108471","authorIdStr":"3573711693108471"},"themes":[],"htmlText":"Levels are too high; impending risk ahead","listText":"Levels are too high; impending risk ahead","text":"Levels are too high; impending risk ahead","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/122347927","repostId":"2146302210","repostType":4,"repost":{"id":"2146302210","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":1624596969,"share":"https://ttm.financial/m/news/2146302210?lang=&edition=fundamental","pubTime":"2021-06-25 12:56","market":"sh","language":"en","title":"China stocks rise on financials boost, set for weekly gains","url":"https://stock-news.laohu8.com/highlight/detail?id=2146302210","media":"Reuters","summary":"* SSEC 0.8%, CSI300 1.3%, HSI 1.1%\n* HK->Shanghai Connect daily quota used 8.1%, Shanghai->HK daily ","content":"<p>* SSEC 0.8%, CSI300 1.3%, HSI 1.1%</p>\n<p>* HK-&gt;Shanghai Connect daily quota used 8.1%, Shanghai-&gt;HK daily quota used 4.3%</p>\n<p>* FTSE China A50 +1.4%</p>\n<p>SHANGHAI, June 25 (Reuters) - China stocks climbed on Friday, and are on track to snap a three-week losing streak, underpinned by gains in heavyweight financial firms.</p>\n<p>** The CSI300 index rose 1.3% to 5,221.49 points at the end of the morning session, while the Shanghai Composite Index gained 0.83% at 594.79 points.</p>\n<p>** Financial firms led gains on Friday, with the CSI300 financials index up 1.7%.</p>\n<p>** The CSI SWS securities index rose 3.5% by the midday break, as Guangdong Golden Dragon Development Inc</p>\n<p>, BOC International China and East Money Information Co Ltd advanced between 7.5% and 10%.</p>\n<p>** The golden era for Chinese residents to boost equities assets has arrived, leading to a long-term upbeat cycle for securities firms, SWS Research said in a report.</p>\n<p>** Residents' wealth migration to equities assets are accelerating as other competitive wealth products' returns continue to decline, SWS Research added.</p>\n<p>** For the week, the CSI300 added 2.3% and the SSEC gained 2%, with both set to snap a three-week losing streak.</p>\n<p>** The weekly gains come as Federal Reserve Chair Jerome Powell reaffirmed that the U.S. central bank would not to raise interest rates too quickly based only on the fear of coming inflation.</p>\n<p>** \"We see declining impact from currency and commodity price moves, while near-term liquidity support by PBOC could mitigate concerns over macro weakness and rising yield expectation,\" <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> analysts including Laura Wang said in a report.</p>\n<p>** In Hong Kong, the Hang Seng index rose 1.1% to 29,210.31 points, while the Hong Kong China Enterprises Index&nbsp;gained 1.6% at 10,846.01.</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>China stocks rise on financials boost, set for weekly gains</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{ 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}\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\">\nChina stocks rise on financials boost, set for weekly gains\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\">2021-06-25 12:56</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* SSEC 0.8%, CSI300 1.3%, HSI 1.1%</p>\n<p>* HK-&gt;Shanghai Connect daily quota used 8.1%, Shanghai-&gt;HK daily quota used 4.3%</p>\n<p>* FTSE China A50 +1.4%</p>\n<p>SHANGHAI, June 25 (Reuters) - China stocks climbed on Friday, and are on track to snap a three-week losing streak, underpinned by gains in heavyweight financial firms.</p>\n<p>** The CSI300 index rose 1.3% to 5,221.49 points at the end of the morning session, while the Shanghai Composite Index gained 0.83% at 594.79 points.</p>\n<p>** Financial firms led gains on Friday, with the CSI300 financials index up 1.7%.</p>\n<p>** The CSI SWS securities index rose 3.5% by the midday break, as Guangdong Golden Dragon Development Inc</p>\n<p>, BOC International China and East Money Information Co Ltd advanced between 7.5% and 10%.</p>\n<p>** The golden era for Chinese residents to boost equities assets has arrived, leading to a long-term upbeat cycle for securities firms, SWS Research said in a report.</p>\n<p>** Residents' wealth migration to equities assets are accelerating as other competitive wealth products' returns continue to decline, SWS Research added.</p>\n<p>** For the week, the CSI300 added 2.3% and the SSEC gained 2%, with both set to snap a three-week losing streak.</p>\n<p>** The weekly gains come as Federal Reserve Chair Jerome Powell reaffirmed that the U.S. central bank would not to raise interest rates too quickly based only on the fear of coming inflation.</p>\n<p>** \"We see declining impact from currency and commodity price moves, while near-term liquidity support by PBOC could mitigate concerns over macro weakness and rising yield expectation,\" <a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a> analysts including Laura Wang said in a report.</p>\n<p>** In Hong Kong, the Hang Seng index rose 1.1% to 29,210.31 points, while the Hong Kong China Enterprises Index&nbsp;gained 1.6% at 10,846.01.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"000001.SH":"上证指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146302210","content_text":"* SSEC 0.8%, CSI300 1.3%, HSI 1.1%\n* HK->Shanghai Connect daily quota used 8.1%, Shanghai->HK daily quota used 4.3%\n* FTSE China A50 +1.4%\nSHANGHAI, June 25 (Reuters) - China stocks climbed on Friday, and are on track to snap a three-week losing streak, underpinned by gains in heavyweight financial firms.\n** The CSI300 index rose 1.3% to 5,221.49 points at the end of the morning session, while the Shanghai Composite Index gained 0.83% at 594.79 points.\n** Financial firms led gains on Friday, with the CSI300 financials index up 1.7%.\n** The CSI SWS securities index rose 3.5% by the midday break, as Guangdong Golden Dragon Development Inc\n, BOC International China and East Money Information Co Ltd advanced between 7.5% and 10%.\n** The golden era for Chinese residents to boost equities assets has arrived, leading to a long-term upbeat cycle for securities firms, SWS Research said in a report.\n** Residents' wealth migration to equities assets are accelerating as other competitive wealth products' returns continue to decline, SWS Research added.\n** For the week, the CSI300 added 2.3% and the SSEC gained 2%, with both set to snap a three-week losing streak.\n** The weekly gains come as Federal Reserve Chair Jerome Powell reaffirmed that the U.S. central bank would not to raise interest rates too quickly based only on the fear of coming inflation.\n** \"We see declining impact from currency and commodity price moves, while near-term liquidity support by PBOC could mitigate concerns over macro weakness and rising yield expectation,\" Morgan Stanley analysts including Laura Wang said in a report.\n** In Hong Kong, the Hang Seng index rose 1.1% to 29,210.31 points, while the Hong Kong China Enterprises Index gained 1.6% at 10,846.01.","news_type":1},"isVote":1,"tweetType":1,"viewCount":185,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198138630,"gmtCreate":1620945275920,"gmtModify":1704350755551,"author":{"id":"3573711693108471","authorId":"3573711693108471","name":"Kimmi3330","avatar":"https://static.tigerbbs.com/460454047f0018a4bf2a5f5a24648d4e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573711693108471","authorIdStr":"3573711693108471"},"themes":[],"htmlText":"Trying to window-dress is not exactly a wise thing to do for the lomg term benefit of the US economy&nbsp;","listText":"Trying to window-dress is not exactly a wise thing to do for the lomg term benefit of the US economy&nbsp;","text":"Trying to window-dress is not exactly a wise thing to do for the lomg term benefit of the US economy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/198138630","repostId":"1198935836","repostType":4,"repost":{"id":"1198935836","pubTimestamp":1620920384,"share":"https://ttm.financial/m/news/1198935836?lang=&edition=fundamental","pubTime":"2021-05-13 23:39","market":"us","language":"en","title":"Biden still pitching massive spending plans despite inflation surge","url":"https://stock-news.laohu8.com/highlight/detail?id=1198935836","media":"FOX Business","summary":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his mul","content":"<blockquote>\n <b>Biden holding second meeting with key lawmakers this week.</b>\n</blockquote>\n<p>President Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.</p>\n<p>The Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.</p>\n<p><b>INFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS</b></p>\n<p>But the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.</p>\n<p>Biden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.</p>\n<p>\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"</p>\n<p>The White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.</p>\n<p><b><u>YELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING</u></b></p>\n<p>\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"</p>\n<p>He added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"</p>\n<p>But amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.</p>\n<p>\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"</p>\n<p>Since the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record&nbsp;$3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.</p>\n<p>\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"</p>\n<p><b><u>AMERICANS FEAR WORST INFLATION SPIKE SINCE 2013</u></b></p>\n<p>The Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2%&nbsp;and is on track to moderately exceed 2%&nbsp;for some time.\" Powell has stressed that he sees no signs of persistent inflation.</p>\n<p>Economic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.</p>\n<p>Democrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.</p>\n<p>But Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"</p>\n<p>\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"</p>\n<p>A reporter asked the president how he planned to reach a compromise.</p>\n<p>\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"</p>\n<p>Despite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's&nbsp;push for $4 trillion in spending on infrastructure and other projects.</p>","source":"lsy1602566126337","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Biden still pitching massive spending plans despite inflation surge</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\">\nBiden still pitching massive spending plans despite inflation surge\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 23:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge><strong>FOX Business</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after ...</p>\n\n<a href=\"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","SPY":"标普500ETF",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.foxbusiness.com/politics/biden-pitches-massive-spending-plans-inflation-surge","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1198935836","content_text":"Biden holding second meeting with key lawmakers this week.\n\nPresident Bidenis still pitching his multitrillion-dollar spending plans toCongress, even amid the threat of surging inflation, after consumer prices in April saw the biggest increase in decades.\nThe Labor Department reported that U.S. consumer prices for goods and services surged 0.8% in April, the largest monthly increase in more than a decade and the fastest year-over-year jump since 2008. Excluding the volatile food and energy data, core inflation rose 0.9% in April and 3% over the past 12 months.\nINFLATION SPIKE BOLSTERS REPUBLICANS' CRITICISM OF BIDEN'S $4T SPENDING PLANS\nBut the president is slated to meet with a group of Republican senators later Thursday – his second meeting with key members of Congress this week – and is set to formally propose his American Jobs Plan and American Families Plan, which combined are projected to cost nearly $4 trillion.\nBiden says he is confident that the American people \"overwhelmingly support\" his efforts, and told MSNBC’s Lawrence O’Donnell this week that his goal is to reach a deal with bipartisan support.\n\"I want to make it clear – I want to get a bipartisan deal on as much as we can get a bipartisan deal on,\" the president said. \"And that means roads, bridges, broadband, all infrastructure.\"\nThe White House has billed the American Jobs Plan as an infrastructure package, but Republicans have criticized the administration for what it considers infrastructure.\nYELLEN SAYS INTEREST RATES MAY NEED TO RISE TO STOP ECONOMY OVERHEATING\n\"I’m not giving up on the fact that we have, you know, two million women not able to go back to work because all the daycare centers are closed or out of business, and so they can’t go back to work,\" Biden said. \"I’m not going to give up on a whole range of things that could go to the question of productivity, of increasing jobs and increasing employment, increasing revenues. I am not willing to give up on that, so we’re going to fight those out.\"\nHe added: \"So I want to know what can we agree on, and let's see if we can get an agreement and kick start this and then fight over what's left – see if I can get it done without Republicans if need be.\"\nBut amid the inflation surge, Republican lawmakers are seizing onto the swiftly rising prices, as well as lackluster job creation last month, to argue that more government funding will only hurt the economy as it recovers from the coronavirus pandemic.\n\"With this morning’s Consumer Price Index (CPI) release, it is clear that inflation is here,\" Sen. Pat Toomey, R-Pa., tweeted. \"The Federal Reserve can no longer pretend this is a distant problem. It is time for the Fed to revisit its accommodative policy stance.\"\nSince the pandemic began a little more than one year ago, Congress has approved nearly $6 trillion in federal spending designed to keep the nation's economy afloat, including the $1.9 trillion American Rescue Package passed by Democrats in March. The massive level of spending pushed the nation's deficit to a record $3.1 trillion for the 2020 fiscal year and a high of $1.7 trillion for the first half of fiscal 2021.\n\"There’s so much money out there in the economy that the demand is high, and it’s outpacing supply and it’s starting to push prices up,\" Sen. John Thune, R-S.D., told Bloomberg on Wednesday. \"We need to be a little more cautious and restrained.\"\nAMERICANS FEAR WORST INFLATION SPIKE SINCE 2013\nThe Federal Reserve, led by Chairman Jerome Powell, has held interest rates near zero since March 2020 and has repeatedly indicated it will do so until \"labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2% and is on track to moderately exceed 2% for some time.\" Powell has stressed that he sees no signs of persistent inflation.\nEconomic projections from policymakers' last meeting show that most officials expect rates to remain near zero through 2023.\nDemocrats are pushing ahead with passing the president's economic measures, known as the American Jobs Plan and the American Families Plan. The initiatives would invest billions in the nation's infrastructure – including roads and bridges, as well as transit systems, broadband and green energy – and would vastly expand the government's social safety net. The plans would be paid for with a slew of new tax hikes on wealthy Americans and corporations.\nBut Biden, meeting with House Speaker Nancy Pelosi, D-Calif., House Minority Leader Kevin McCarthy, R-Calif., Senate Majority Leader Chuck Schumer, D-N.Y., and Senate Minority Leader Mitch McConnell, R-Ky., on Wednesday, maintained that he would be able to \"reach a compromise.\"\n\"I ran, I said I wasn't going to be a Democratic president. I'm going to be a president for all Americans,\" Biden said. \"And what the bottom line here is, we're going to see whether we can reach some consensus on a compromise on moving forward.\"\nA reporter asked the president how he planned to reach a compromise.\n\"Easy, just snap my fingers,\" Biden joked. \"It'll happen.\"\nDespite Biden's confidence in reaching a compromise,McConnell said earlier this month that he did not expect any Republican senator to support the president's push for $4 trillion in spending on infrastructure and other projects.","news_type":1},"isVote":1,"tweetType":1,"viewCount":320,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":193752679,"gmtCreate":1620823410091,"gmtModify":1704348917885,"author":{"id":"3573711693108471","authorId":"3573711693108471","name":"Kimmi3330","avatar":"https://static.tigerbbs.com/460454047f0018a4bf2a5f5a24648d4e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573711693108471","authorIdStr":"3573711693108471"},"themes":[],"htmlText":"It's overheated already. Something has to be done to prevent some serious \"damage\"","listText":"It's overheated already. Something has to be done to prevent some serious \"damage\"","text":"It's overheated already. Something has to be done to prevent some serious \"damage\"","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/193752679","repostId":"1106026658","repostType":4,"isVote":1,"tweetType":1,"viewCount":318,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":190219455,"gmtCreate":1620622570977,"gmtModify":1704345717849,"author":{"id":"3573711693108471","authorId":"3573711693108471","name":"Kimmi3330","avatar":"https://static.tigerbbs.com/460454047f0018a4bf2a5f5a24648d4e","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3573711693108471","authorIdStr":"3573711693108471"},"themes":[],"htmlText":"The danger of IT rearing it's ugly head","listText":"The danger of IT rearing it's ugly head","text":"The danger of IT rearing it's ugly head","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/190219455","repostId":"1112136236","repostType":4,"repost":{"id":"1112136236","pubTimestamp":1620616606,"share":"https://ttm.financial/m/news/1112136236?lang=&edition=fundamental","pubTime":"2021-05-10 11:16","market":"us","language":"en","title":"Inflation: Will It Stay or Will It Go?","url":"https://stock-news.laohu8.com/highlight/detail?id=1112136236","media":"thestreet","summary":"Will inflation prove a bump in the road of higher economic growth, or will it transform into a monst","content":"<p>Will inflation prove a bump in the road of higher economic growth, or will it transform into a monster that will run out of control, eventually taking rates up with it?</p><p>Federal Reserve Chairman Jerome Powellis saying publicly he views rising prices as \"transitory,\" butothers aren't so sure-- as costs of raw materials like&nbsp;lumberand steel rise, the value of used cars climb, computerchipssee a supply squeeze, restaurants reopen, and oil appears to make a comeback.</p><p>\"These things are all quite distorted by the pandemic and by the reopening following the pandemic,\"Capital Economics' economist Jennifer McKeown&nbsp;told<i>TheStreet</i>during a recent phone call.</p><p><i>TheStreet</i>spoke about inflation with&nbsp;McKeown, who&nbsp;is the head of the Global Economics Service at Capital Economics, and who had previously worked for five years at the Bank of England.</p><p>Here the London-based economist discusses rising prices, how much to expect they will go up and whether they could prove permanent, how the Fed might react, and what to watch as we track&nbsp;the consumer price index, or CPI, that basket of goods that includes costs of a variety of consumer products and services, like energy, food, transportation and medical care. All of these areas are now seeing different price trends, after more than a year of a raging pandemic, lockdowns, social distancing, work-from-home policies, stimulus spending and, now, signs of recovery.</p><p>The following has been lightly edited for clarity and brevity.</p><p><b><i>TheStreet:</i></b>A big real estate investor,Sam Zell, recently said he sees similarities to inflation of the 1970s. It seems hard to see how that is possible….</p><p><b>McKeown:</b>So we’re expecting some inflation … but like 2.5% or 3%, not 5% to 10%, not the kind of 1970s-type rates. For that to happen, you probably would need less competition -- less global competition -- and you’d need to have stronger unions -- stronger institutions -- that would bid up wages. Also, demographically, we’re in a very different position now from the one we were in during the 1970s. ... While we are looking at a probable rise in inflation in the U.S., it’s not going to be anything like in the 1970s.</p><p><b><i>TheStreet:</i></b>Now, there’s a debate over whether inflation is transitory or not. We’ve seen several headlines just this past week arguing one way or the other and some are looking at lumber prices and other raw materials costs. Are you able to give some perspective on that, at least on inflation in the U.S.?</p><p><b>McKeown:</b>The effects related to lumber and to steel, which has risen very sharply, those should prove transient.… They’ve risen so high already, that they should be due to come back a bit. One issue in metals, for instance, is that steel production in the U.S. is still relatively depressed. It takes a very long time for it to come back on stream after the kinds of lockdowns and closures that we’ve had. So, it’s not that surprising that we see increases in prices, but those should come off.</p><p>The big question, though, is not whether these commodity prices go up and up and up, but their impact on prices and on manufacturers’ costs. We are starting to see in business surveys that show manufacturers are starting to say that they have had a very sharp increase in their costs, and they’re starting to pass that through to consumers. The question is whether those price increases start to generate other price increases, and, in particular, do they start to play a role in wages?</p><p>Even a temporary rise in commodity prices can have an effect on wages, if people are seeing those high bills – whether it be on fuel or food&nbsp;–&nbsp;and then demand higher wages because of it. And then, whether the labor market is in a strong enough position to grant those wage increases.</p><p>So, that is the big question now. What we’re seeing is that in the U.S., there are some signs over growing wage pressure and there are some signs of labor shortages, which would be expected to generate some wage pressure. But outside the U.S. – in Europe, for example – that is not the case. The risk of sustained inflation is much higher in the U.S. than in Europe.</p><p><b><i>TheStreet:</i></b>Is it possible the pandemic could add to unknowns in employment that could affect inflation? For example, what if a significant number of people who were working in restaurants or retail or even teaching decide they want to change careers after a year of disruption?</p><p><b>McKeown:</b>It could, but it depends really on the extent of mismatch between the jobs people are wanting and the jobs that they are qualified to do – and the jobs that are available. If there are fewer people who want to work in restaurants, for example, then that is going to put further upward pressure on prices at a time when we know that capacity restraints are already boosting prices a bit. ...If there are also labor shortages, it would exacerbate what is already quite a difficult situation.</p><p><b><i>TheStreet:</i></b>On that note, we’ve heard renewed calls to raise the minimum wage not so long ago. Whenever the idea of raising the minimum wage is brought up, you get pushback, with people saying it would raise inflation. Does it?</p><p><b>McKeown:</b>Raising the minimum wage doesn’t necessarily lead to inflation. It’s a one-off increase. It would boost wages in a one-off way, which then would then drop out of the year-on-year comparisons in a year’s time – unless you’re in an environment where that shift in the minimum wage causes others to call for higher wages as well, and you end up in a wage-price spiral where everyone is bidding up their wages – and prices are going up at the same time. I think that’s the fear that that kind of thing could happen, but I’d say that there is little danger for an aggressive wage-price spiral in the U.S. at that this time. We’re in a very different place than say in the 1970s, when there was a very pronounced wage-price spiral and hyperinflation. That was driven by various factors, but mainly institutional ones: Unions were much stronger and there was much less global competition. An increase in the minimum wage would undoubtedly raise the average wages and boost inflation temporarily.</p><p><b><i>TheStreet:</i></b>Let’s shift over to this idea of central banks’ role in what plays out. I saw an opinion piece recently that made the argument that central banks are not as concerned with inflation right now as they were in the past. What are your thoughts on that?</p><p><b>McKeown:</b>I do think that their priorities are changing. We’re coming, of course, from a position from where central banks in advanced economies were very single-mindedly focused on inflation – a decade ago it was very much on that one aspect. The Fed’s mandate has ... broadened … it’s now shifted to an average-inflation target from a point-inflation target, which gives it more flexibility and more ability to tolerate higher inflation for a limited period, if it believes it can bring it back down in the future. But it’s also broadened to considering the labor market more explicitly, and looking for an inclusive labor market recovery, which means it’s going to be looking for more than a fall in the unemployment rate, it wants it to affect all parts of the social spectrum. It’s starting to think about inequity a lot more and to consider allowing the economy to run a little hotter for a while in order to get everyone back … into employment. So there’s a lot more going on. So there’s a lot more going on with the Fed, and other central banks, too. The Bank of England is starting to think about climate change and the Reserve Bank of Zealand now has stabilizing house prices as a part of its mandate. There is pretty clear evidence that central banks’ sights are broadening and they may well be prepared to tolerate higher inflation for a period to pursue other goals.</p><p><b><i>TheStreet:</i></b>We also have the rise in used car prices in the U.S. and we have other prices, like housing, that seem out of reach for many Americans. But not all of those are factored into current inflation calculations, right?</p><p><b>McKeown:</b>Car prices are in there, as a part of the CPI, but they are a relatively small share. So, for a small family saving up to buy a car, it may seem like a bigger deal – a sharp increase in car prices – than it would appear from the relatively small share they are of the average CPI basket every year.</p><p>But houses, they are not explicitly factored into the CPI. Most statistics agencies will put some measure of rent, some measure … of the cost of housing services into the CPI, but no house costs directly. So, sharp increases in house prices won’t show up, and that’s one of the reasons why the Reserve Bank of New Zealand has been asked to explicitly target house prices. The government felt that the pure focus on CPI wasn’t enough to be able to help people to afford homes. Therefore it has tasked the central bank with tightening policy if need be, just to keep housing prices under control.</p><p><b><i>TheStreet:</i></b>There’s seems to be an irony now – that the people who are ringing alarm bells about inflation right now seem to be those with the most, when aren’t they the least likely to<i>really</i>be affected by a 2.5% or 3% rise in costs? Someone who’s poorer or on a fixed income would be much more hurt by inflation, right?</p><p><b>McKeown:</b>I’m sure that’s right. … A relatively small increase in prices in things that are completely essential like fuel could make a really difficult problem. What investors are thinking about when we talk about inflation is the probably that the Fed would respond with a sharp increase in the interest rates, that … could be a good or a bad thing. At this point, it doesn’t look like the Fed is going respond quickly to the rise inflation that we’ve seen. But that’s very much hinged on the idea that it’s transient, and I think that could change very quickly. I we were to see a significant uptick in wage growth, which would signal that the rise in inflation is going to be relatively sustained.</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>Inflation: Will It Stay or Will It Go?</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\">\nInflation: Will It Stay or Will It Go?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-10 11:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/inflation-should-it-stay-or-it-go-heres-what-a-top-economist-thinks><strong>thestreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Will inflation prove a bump in the road of higher economic growth, or will it transform into a monster that will run out of control, eventually taking rates up with it?Federal Reserve Chairman Jerome ...</p>\n\n<a href=\"https://www.thestreet.com/investing/inflation-should-it-stay-or-it-go-heres-what-a-top-economist-thinks\">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.thestreet.com/investing/inflation-should-it-stay-or-it-go-heres-what-a-top-economist-thinks","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1112136236","content_text":"Will inflation prove a bump in the road of higher economic growth, or will it transform into a monster that will run out of control, eventually taking rates up with it?Federal Reserve Chairman Jerome Powellis saying publicly he views rising prices as \"transitory,\" butothers aren't so sure-- as costs of raw materials like lumberand steel rise, the value of used cars climb, computerchipssee a supply squeeze, restaurants reopen, and oil appears to make a comeback.\"These things are all quite distorted by the pandemic and by the reopening following the pandemic,\"Capital Economics' economist Jennifer McKeown toldTheStreetduring a recent phone call.TheStreetspoke about inflation with McKeown, who is the head of the Global Economics Service at Capital Economics, and who had previously worked for five years at the Bank of England.Here the London-based economist discusses rising prices, how much to expect they will go up and whether they could prove permanent, how the Fed might react, and what to watch as we track the consumer price index, or CPI, that basket of goods that includes costs of a variety of consumer products and services, like energy, food, transportation and medical care. All of these areas are now seeing different price trends, after more than a year of a raging pandemic, lockdowns, social distancing, work-from-home policies, stimulus spending and, now, signs of recovery.The following has been lightly edited for clarity and brevity.TheStreet:A big real estate investor,Sam Zell, recently said he sees similarities to inflation of the 1970s. It seems hard to see how that is possible….McKeown:So we’re expecting some inflation … but like 2.5% or 3%, not 5% to 10%, not the kind of 1970s-type rates. For that to happen, you probably would need less competition -- less global competition -- and you’d need to have stronger unions -- stronger institutions -- that would bid up wages. Also, demographically, we’re in a very different position now from the one we were in during the 1970s. ... While we are looking at a probable rise in inflation in the U.S., it’s not going to be anything like in the 1970s.TheStreet:Now, there’s a debate over whether inflation is transitory or not. We’ve seen several headlines just this past week arguing one way or the other and some are looking at lumber prices and other raw materials costs. Are you able to give some perspective on that, at least on inflation in the U.S.?McKeown:The effects related to lumber and to steel, which has risen very sharply, those should prove transient.… They’ve risen so high already, that they should be due to come back a bit. One issue in metals, for instance, is that steel production in the U.S. is still relatively depressed. It takes a very long time for it to come back on stream after the kinds of lockdowns and closures that we’ve had. So, it’s not that surprising that we see increases in prices, but those should come off.The big question, though, is not whether these commodity prices go up and up and up, but their impact on prices and on manufacturers’ costs. We are starting to see in business surveys that show manufacturers are starting to say that they have had a very sharp increase in their costs, and they’re starting to pass that through to consumers. The question is whether those price increases start to generate other price increases, and, in particular, do they start to play a role in wages?Even a temporary rise in commodity prices can have an effect on wages, if people are seeing those high bills – whether it be on fuel or food – and then demand higher wages because of it. And then, whether the labor market is in a strong enough position to grant those wage increases.So, that is the big question now. What we’re seeing is that in the U.S., there are some signs over growing wage pressure and there are some signs of labor shortages, which would be expected to generate some wage pressure. But outside the U.S. – in Europe, for example – that is not the case. The risk of sustained inflation is much higher in the U.S. than in Europe.TheStreet:Is it possible the pandemic could add to unknowns in employment that could affect inflation? For example, what if a significant number of people who were working in restaurants or retail or even teaching decide they want to change careers after a year of disruption?McKeown:It could, but it depends really on the extent of mismatch between the jobs people are wanting and the jobs that they are qualified to do – and the jobs that are available. If there are fewer people who want to work in restaurants, for example, then that is going to put further upward pressure on prices at a time when we know that capacity restraints are already boosting prices a bit. ...If there are also labor shortages, it would exacerbate what is already quite a difficult situation.TheStreet:On that note, we’ve heard renewed calls to raise the minimum wage not so long ago. Whenever the idea of raising the minimum wage is brought up, you get pushback, with people saying it would raise inflation. Does it?McKeown:Raising the minimum wage doesn’t necessarily lead to inflation. It’s a one-off increase. It would boost wages in a one-off way, which then would then drop out of the year-on-year comparisons in a year’s time – unless you’re in an environment where that shift in the minimum wage causes others to call for higher wages as well, and you end up in a wage-price spiral where everyone is bidding up their wages – and prices are going up at the same time. I think that’s the fear that that kind of thing could happen, but I’d say that there is little danger for an aggressive wage-price spiral in the U.S. at that this time. We’re in a very different place than say in the 1970s, when there was a very pronounced wage-price spiral and hyperinflation. That was driven by various factors, but mainly institutional ones: Unions were much stronger and there was much less global competition. An increase in the minimum wage would undoubtedly raise the average wages and boost inflation temporarily.TheStreet:Let’s shift over to this idea of central banks’ role in what plays out. I saw an opinion piece recently that made the argument that central banks are not as concerned with inflation right now as they were in the past. What are your thoughts on that?McKeown:I do think that their priorities are changing. We’re coming, of course, from a position from where central banks in advanced economies were very single-mindedly focused on inflation – a decade ago it was very much on that one aspect. The Fed’s mandate has ... broadened … it’s now shifted to an average-inflation target from a point-inflation target, which gives it more flexibility and more ability to tolerate higher inflation for a limited period, if it believes it can bring it back down in the future. But it’s also broadened to considering the labor market more explicitly, and looking for an inclusive labor market recovery, which means it’s going to be looking for more than a fall in the unemployment rate, it wants it to affect all parts of the social spectrum. It’s starting to think about inequity a lot more and to consider allowing the economy to run a little hotter for a while in order to get everyone back … into employment. So there’s a lot more going on. So there’s a lot more going on with the Fed, and other central banks, too. The Bank of England is starting to think about climate change and the Reserve Bank of Zealand now has stabilizing house prices as a part of its mandate. There is pretty clear evidence that central banks’ sights are broadening and they may well be prepared to tolerate higher inflation for a period to pursue other goals.TheStreet:We also have the rise in used car prices in the U.S. and we have other prices, like housing, that seem out of reach for many Americans. But not all of those are factored into current inflation calculations, right?McKeown:Car prices are in there, as a part of the CPI, but they are a relatively small share. So, for a small family saving up to buy a car, it may seem like a bigger deal – a sharp increase in car prices – than it would appear from the relatively small share they are of the average CPI basket every year.But houses, they are not explicitly factored into the CPI. Most statistics agencies will put some measure of rent, some measure … of the cost of housing services into the CPI, but no house costs directly. So, sharp increases in house prices won’t show up, and that’s one of the reasons why the Reserve Bank of New Zealand has been asked to explicitly target house prices. The government felt that the pure focus on CPI wasn’t enough to be able to help people to afford homes. Therefore it has tasked the central bank with tightening policy if need be, just to keep housing prices under control.TheStreet:There’s seems to be an irony now – that the people who are ringing alarm bells about inflation right now seem to be those with the most, when aren’t they the least likely toreallybe affected by a 2.5% or 3% rise in costs? Someone who’s poorer or on a fixed income would be much more hurt by inflation, right?McKeown:I’m sure that’s right. … A relatively small increase in prices in things that are completely essential like fuel could make a really difficult problem. What investors are thinking about when we talk about inflation is the probably that the Fed would respond with a sharp increase in the interest rates, that … could be a good or a bad thing. At this point, it doesn’t look like the Fed is going respond quickly to the rise inflation that we’ve seen. But that’s very much hinged on the idea that it’s transient, and I think that could change very quickly. I we were to see a significant uptick in wage growth, which would signal that the rise in inflation is going to be relatively sustained.","news_type":1},"isVote":1,"tweetType":1,"viewCount":476,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}