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themonkey

themonkey

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01-20

2023-10-25

Yes let's do it together

2023-02-16

yes

@PatrickPatterson:"Google recently showcased its PaLM language model in response to ChatGPT. Its product made a "mistake", but I believe this was minor and overblown by the mainstream media.Google's PaLm language model is close to 3 times larger than GPT-3, at a staggering 540 billion parameters, versus GPT-3 at 175 billion parameters.Alphabet's stock is undervalued intrinsically according to my forecasts and discounted cash flow valuation model."$Alphabet(GOOG)$

2023-01-20

No

2022-11-27

ok//@Zarkness: Much of it have been priced in

Here's Why We Think SPY And QQQ Risks Are Skewed To The Downside

2022-10-31

ok

Is Nvidia And Oracle's Partnership Expansion Good For Business Outlook?

2022-10-21

ok

@MayGodwin:Google has a 128 billion dollar cash hoard , the most of any company.With interest rates soaring , Google can put that in a 12 month treasury and earn FIVE BILLION just in interest.That will offset a significant part of their anticipated lower earnings.How come no one factors this in?$Alphabet(GOOG)$

2022-10-18

$Semiconductor Bull 3X Shares(SOXL)$

2022-10-16

$Semiconductor Bull 3X Shares(SOXL)$

2022-10-08

ok//@Slee49: OK

Twitter-Elon Musk Deal Has Offered Investors Several Big Opportunities

2022-09-25

ok

Catalyst Watch: Tesla AI Day, Amazon Product Event, JetBlue Trial and Nike Earnings

2022-09-23

ok

U.S. Stocks Extended Their Losses in Morning Trading; Dow Jones Slid Over 0.5% While S&P 500 and Nasdaq Crashed Over 1%

2022-09-22

ok

US STOCKS-Wall Street Slumps As Investors Absorb Hawkish Fed Rate Message

2022-09-21

ok

Singapore Stocks to Watch: Parkway Life Reit, Top Glove, Marco Polo Marine, Lian Beng

2022-09-15

ok

Leveraged ETFs Added to Stock Chaos With $15.5 Billion Selling

2022-09-15

ok

Cathie Wood Goes on Biggest Dip-Buying Binge Since February

2022-09-15

ok

US STOCKS-Wall St Staggers to Higher Close As Fed Rate Hike Looms

2022-09-14

ok

Amid Wall Street Bloodbath, Cathie Wood Picks Up Over $16M Each In Roku And This Video Communications Stock

2022-09-13

ok

Google Completes Acquisition of Mandiant

2022-09-12

ok

Australian Prime Minister Sets Holiday for Queen; Says Not the Time to Discuss Republic Push

Go to Tiger App to see more news

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href=\"https://ttm.financial/S/09618\">$JD-SW(09618)$ </a>&nbsp;","listText":"<a href=\"https://ttm.financial/S/09618\">$JD-SW(09618)$ </a>&nbsp;","text":"$JD-SW(09618)$","images":[{"img":"https://community-static.tradeup.com/news/b08c9f29b4e1d0cce9211c909e143abd","width":"882","height":"1608"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/264981375361048","isVote":1,"tweetType":1,"viewCount":111,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":234417561255944,"gmtCreate":1698239669809,"gmtModify":1698239674676,"author":{"id":"3573986430688942","authorId":"3573986430688942","name":"themonkey","avatar":"https://static.tigerbbs.com/573a67d390101884216129f5c49fe8a0","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"Yes let's do it together&nbsp;","listText":"Yes let's do it together&nbsp;","text":"Yes let's do it together","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/234417561255944","isVote":1,"tweetType":1,"viewCount":115,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9954468502,"gmtCreate":1676557572606,"gmtModify":1676557577178,"author":{"id":"3573986430688942","authorId":"3573986430688942","name":"themonkey","avatar":"https://static.tigerbbs.com/573a67d390101884216129f5c49fe8a0","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"yes","listText":"yes","text":"yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954468502","repostId":"9954461204","repostType":1,"repost":{"id":9954461204,"gmtCreate":1676556916708,"gmtModify":1676556921017,"author":{"id":"9000000000000185","authorId":"9000000000000185","name":"PatrickPatterson","avatar":"https://static.tigerbbs.com/56e720c7d3a4835efa4409feb9b8f386","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"\"Google recently showcased its PaLM language model in response to ChatGPT. Its product made a \"mistake\", but I believe this was minor and overblown by the mainstream media.Google's PaLm language model is close to 3 times larger than GPT-3, at a staggering 540 billion parameters, versus GPT-3 at 175 billion parameters.Alphabet's stock is undervalued intrinsically according to my forecasts and discounted cash flow valuation model.\"<a href=\"https://ttm.financial/S/GOOG\">$Alphabet(GOOG)$</a>","listText":"\"Google recently showcased its PaLM language model in response to ChatGPT. Its product made a \"mistake\", but I believe this was minor and overblown by the mainstream media.Google's PaLm language model is close to 3 times larger than GPT-3, at a staggering 540 billion parameters, versus GPT-3 at 175 billion parameters.Alphabet's stock is undervalued intrinsically according to my forecasts and discounted cash flow valuation model.\"<a href=\"https://ttm.financial/S/GOOG\">$Alphabet(GOOG)$</a>","text":"\"Google recently showcased its PaLM language model in response to ChatGPT. Its product made a \"mistake\", but I believe this was minor and overblown by the mainstream media.Google's PaLm language model is close to 3 times larger than GPT-3, at a staggering 540 billion parameters, versus GPT-3 at 175 billion parameters.Alphabet's stock is undervalued intrinsically according to my forecasts and discounted cash flow valuation model.\"$Alphabet(GOOG)$","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9954461204","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":234,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9956783034,"gmtCreate":1674200802329,"gmtModify":1676538929946,"author":{"id":"3573986430688942","authorId":"3573986430688942","name":"themonkey","avatar":"https://static.tigerbbs.com/573a67d390101884216129f5c49fe8a0","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"No","listText":"No","text":"No","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956783034","isVote":1,"tweetType":1,"viewCount":198,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9966229216,"gmtCreate":1669561851335,"gmtModify":1676538207545,"author":{"id":"3573986430688942","authorId":"3573986430688942","name":"themonkey","avatar":"https://static.tigerbbs.com/573a67d390101884216129f5c49fe8a0","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"ok//<a href=\"https://laohu8.com/U/3572916667219493\">@Zarkness</a>: Much of it have been priced in","listText":"ok//<a href=\"https://laohu8.com/U/3572916667219493\">@Zarkness</a>: Much of it have been priced in","text":"ok//@Zarkness: Much of it have been priced in","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9966229216","repostId":"1110767793","repostType":4,"repost":{"id":"1110767793","pubTimestamp":1669522613,"share":"https://www.laohu8.com/m/news/1110767793?lang=&edition=full","pubTime":"2022-11-27 12:16","market":"other","language":"en","title":"Here's Why We Think SPY And QQQ Risks Are Skewed To The Downside","url":"https://stock-news.laohu8.com/highlight/detail?id=1110767793","media":"Seeking Alpha","summary":"SummaryEquities have been on a gradual climb since the beginning of the fourth quarter, with the SPY","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Equities have been on a gradual climb since the beginning of the fourth quarter, with the SPY up 13% and QQQ up 8% QTD.</li><li>There has also been some cautious optimism among investors on signs of easing inflation and the Fed&#39;s consideration for a moderation in the pace of coming rate hikes.</li><li>However, company fundamentals that were previously resilient are now just starting to show the first signs of cracks, while continued borrowing cost increases will only weigh on valuations further.</li><li>The following deep dive analysis will walk through past economic cycles, valuation theory, and recent economic data to gauge where Fed policy might be headed and the related implications on SPY and QQQ valuations as we head into the new year.</li></ul><p>The S&amp;P 500 (NYSEARCA: SPY/SP500) has gradually climbed more than 12% since the fourth quarter began, and closed at a two-month high during Wednesday&#39;s (November 23) session after a flurry of economic data released in recent weeks pointed to easing price pressures and market slowdown that could harbinger a dovish Fed policy stance over coming months. October CPI and PPI showed a stronger reduction in prices than expected, while recent data on jobless claims, retail sales, and business activity also pointed to a slowdown in demand, especially for discretionary goods.</p><p>Despite hawkish commentary from Fed officials still, investors are responding positively to remarks that the pace of rate hikes might be moderating from the recent slew of jumbo 75 bps increases. This has compounded market optimism on a potential shift on the Fed&#39;s policy tightening trajectory to a more dovish stance, with investors&#39; now focusing more on a potential slowdown in the pace of coming rate hikes than where the terminal rate might land (i.e. when the Fed might actually pivot).</p><p>But from a valuation and fundamental perspective, continued rate hikes are poised to squeeze multiples further into contraction, while ensuing deteriorating of financial conditions put corporate earnings at risk. With slowing demand, and mounting macroeconomic uncertainties over the Fed&#39;s tightening trajectory, when inflation would peak, and whether a recession is imminently still at large, volatility will likely continue to overpower markets. While it is difficult to gauge when exactly markets might bottom as macro deterioration gains momentum, the following analysis will turn to past tightening cycles and inflation environments, as well as basic valuation theory to explore where the market climate stands today and what to potentially expect over coming months.</p><p><b>Recent Economic Overview</b></p><p>The drumbeat for moderating inflation grew after CPI and PPI figures came in lower than expected. October CPI rose7.7% y/yand 0.4% m/m (core +6.3% y/y, +0.3% m/m), marking the &#34;smallest annual advance since the start of the year&#34; and coming in under economist estimates of 7.9% y/y and 0.6% m/m. U.S. PPI also eased in October, advancing 8% y/y(core +6.7% y/) and 0.2% m/m (core 0% m/m) compared with economist estimates of 8.3% y/y and 0.4% m/m. The back-to-back indication of easing price pressures pushed the S&amp;P 500 higher in early November, as markets saw it as an encouraging sign that the Fed might resort to less aggressive tightening in the months ahead and potentially achieve a soft-landing that could be beneficial to the valuation of risky assets that have been roiled across the board this year.</p><p>But investors were quickly sent back to the sidelines after stronger-than-expectedU.S. retail sales data for October indicated that the economy was still running hot, while Fed officials rushed to warn markets that &#34;inflation remains much too high for comfort&#34; and there is &#34;still a long way to go&#34; on keeping decades-high price increases under control. But a deeper look into the drivers of retail sales increases would suggest that consumer purchasing power is starting to feel the pinch of both rising inflation and interest rates, and the volume of sales is likely deteriorating too since the October figure of 1.3% is not adjusted for inflation.</p><p>As discussed in one of our recent coverages, the biggest driver of October&#39;s retail sales growth was on basic necessities like food and energy. Meanwhile, spending on discretionary goods like consumer electronics and apparel saw a marked decline, indicating that consumer purchasing power is waning on the back of surging inflation and tightening financial conditions:</p><blockquote>Meanwhile, retailers of discretionary goods such as apparel, consumer electronics, and sporting goods saw a sales decline of more than 2% over the same period. The results imply continued weakening in consumer purchasing power as inflationary pressures persist, while retailers of discretionary goods are looking to lure buyers ahead of the holiday shopping season with price cuts and steep discounts in an attempt to clear inventories.</blockquote><blockquote>Source: &#34;2 Retail Stocks to Watch After Retail Sales Rose in October - We are Watching Amazon and Apple&#34;</blockquote><p>The shift in consumer behavior in response to mounting macroeconomic uncertainties ahead is also telling of the impending demand slowdown over the coming months. Consumer credit card debt is fast approaching the pre-pandemic peak of $916 billion as of the end of September, and the continuation of this trend is further corroborated by recent observations by retailer Macy&#39;s (M), which saw its customers &#34;building larger balances on credit cards&#34;. The latest data shows that Americans&#39; credit card debt has increased by 15% y/y, the fastest pace in two decades while card borrowing costs topped 19%, a level not seen in 40 years.</p><p>The impending slowdown in demand and spending is further supported by the recent rise in jobless claims and contraction in business activity. U.S. jobless claims topped 240,000 during the week ended November 19th, topping consensus estimates of 225,000 and up from 17,000 in the prior week. The jump was the highest in months, a potential sign that the labor market might be cooling as a result of recent mass layoffs across big tech, though economists are also cautioning effects of seasonal attrition, which introduces a &#34;great deal of volatility into this data&#34;. The U.S. job market has remained stubbornly resilient despite the Fed&#39;s implementation of aggressive tools to slow the economy this year, with the jobless rate still at a 50-year low of3.7%:</p><blockquote>Tech companies represent about 2% of all employment in the country, said Richardson. That compares with 11% for the leisure and hospitality industry, which is still struggling to hire workers, she added.</blockquote><blockquote>Source:Bloomberg</blockquote><blockquote>The broad takeaway is a job market that&#39;s cooling albeit not very quickly. That lines up with Jerome Powell&#39;s characterization earlier this week, when the Fed chair acknowledged conditions haven&#39;t softened yet in an &#34;obvious&#34; way and said the central bank is eyeing a higher peak interest rate than it was two months ago.</blockquote><blockquote>Source:Bloomberg</blockquote><p>But added softness in business activity indicates that even &#34;some of the more resilient parts of the economy&#34; are undoubtedly showing cracks as a result of the Fed&#39;s aggressive policy stance deployed this year. The S&amp;P Global Flash U.S. Composite PMI, which measures activity across the American private sector, saw a &#34;solid contraction&#34; this month. The index reached the &#34;second lowest level&#34; since the onset of the pandemic and imitates the dire business environment in 2009. Managers reported slowing demand and new orders due to the effects of &#34;rising interest rates, economic uncertainty and the lingering effects of still elevated inflation&#34;. Consistent with commentary gathered in the latest third quarter earnings season, promotional offers are gaining momentum across suppliers, factories and service providers to &#34;help boost flagging sales&#34;, which is poised to weigh on private sector earnings over coming months.</p><p>Although easing inflationary pressures is a welcomed sight, recent data points to rapid unravelling of an economy that is likely headed towards recession. Minutes from the FOMC meeting in November indicated that policymakers are now seeing a 50/50 risk of recession within the next year, compared with a more aggressive forecast of65%on Wall Street and as much as100%by a Bloomberg Economics model.</p><p><b>What the Fed Says</b></p><p>Amidst the paradox between recent market optimism and a rapidly deteriorating macro backdrop, the Federal Reserve is sticking to its hawkish policy stance in hopes of preventing an unravelling of the work done to date to quell inflation. Recall Fed Chair Jerome Powell&#39;s stern remarks on managing market expectations during the post-meeting conference in November:</p><blockquote>CHRISTOPHER RUGABER. Great, and just a quick follow. It looks like stock and bond markets are reacting positively to your announcement so far. Is that something you wanted to see? Is that a problem or what-how that might affect your future policy to see this positive reaction?</blockquote><blockquote>CHAIR POWELL. We&#39;re not targeting any one or two particular things. Our message should be-what I&#39;m trying to do is make sure that our message is clear, which is that we think we have a ways to go, we have some ground to cover with interest rates before we get to, before we get to that level of interest rates that we think is sufficiently restrictive…If you look at the-I have a table of the last 12 months of 12-month readings, and there&#39;s really no pattern there. We&#39;re exactly where we were a year ago. So I would also say, it&#39;s premature to discuss pausing. And it&#39;s not something that we&#39;re thinking about. That&#39;s really not a conversation to be had now. We have a ways to go. And the last thing I&#39;ll say is that I would want people to understand our commitment to getting this done and to not making the mistake of not doing enough or the mistake of withdrawing our strong policy and doing that too soon. So those-I control those messages, and that&#39;s my job.</blockquote><blockquote>Source:Transcript of Chair Powell&#39;s Press Conference, November 2, 2022</blockquote><p>And the same policy stance has been proclaimed unanimously across commentary from Fed officials as of late, with many sticking to the narrative that there is still &#34;a long way to go&#34; when it comes to quelling inflation. Despite acknowledging that the &#34;lags with which monetary policy affects economic activity and inflation&#34; are now materializing, which draws the need to start considering a slowdown in the pace of rate hikes, policymakers remain fixed on tightening policy into restrictive territory, nonetheless. The hawkish commentary maintained indicates that &#34;the Fed is likely to lean against easing financial conditions&#34; despite recent data supporting that the economy is slowing. Specifically, a slowing economy is what the Fed essentially wants to ensure inflation is reined in. The intention of continued hawkishness is to prevent markets from mistaking any potential near-term deceleration in the pace of rate increases with a reversal of the economy&#39;s current slowdown.:</p><blockquote>The big picture illustrates that the Fed intends to slow down in order to allow more time for lags to operate and cumulative tightening to date to show up in the data. The hawkish talk from Chair Powell and many Fed officials subsequently is likely intended to provide air cover for the slowing to take place without an excessive easing of financial conditions.</blockquote><blockquote>Source:Bloomberg</blockquote><p><b>What the Past Says</b></p><p>While continued market volatility in the near-term is almost certain, when the market might bottom remains a big question mark. The Fed&#39;s monetary policy tightening campaign implemented this year is the most aggressive in 40-years, but the economy&#39;s relative resilience this time around when compared to the past suggests that some macroeconomic factors have inevitably changed.</p><p>For instance, technology plays a bigger role in today&#39;s economic development, while simpler factors like consumer behavior and the social construct&#39;s role in the global macro economy have also evolved significantly in the past decade alone. The recent COVID pandemic and the ensuing disruptions to businesses and global supply chains has also injected further complexity into today&#39;s macroeconomic conditions compared to past economic downturns, inflationary environments, and monetary policy tightening cycles. Yet, there are also many overlapping similarities between today&#39;s inflationary environment and monetary policy tightening cycles compared to ones in the past that could potentially shed some light on where the economy stands today and what potentially lies ahead.</p><p><b>The &#34;Global Recession&#34; in the 1970s to 1980s</b></p><p><b>Context</b>. Inflation reached double-digits in the U.S. and across major economies during the 1980s. Similar to today&#39;s situation, soaring food and energy prices were culprit to runaway inflation at the time. The back-to-back energy crisis stemming from the Arab oil embargo in the early 1970s and the Iranian Revolution later the same decade, which resulted in a rapid decline in supplies, pushed oil prices up by as much as fourfold at the time.</p><p>Inflation topped 12% in 1974 with the Fed funds rate rising from 7% to 16% by early 1975, pushing the economy into recession. A stark Fed pivot followed with the Fed funds rate cut to 5.25% by April 1975, causing inflation to return while growth remained stagnate. By the time the second energy crisis came around, accommodative policies were deployed by the Fed in hopes of countering unemployment, but backfired by worsening the pace of price increases - inflation rose from below 5% in early 1976 prior to the second energy crisis resulting from the Iranian Revolution, to 7% by 1979. The Federal Funds Rate was pushed from 6.9% to 10% over the same period in hopes of stamping out inflationary pressure without &#34;stifling fragile economic growth&#34; at the time, but to no avail, which led to an extended period of stagflation instead and pushed the economy into recession again.</p><p><b>Timeline of quantitative tightening</b>. The so-called &#34;stop-go policy&#34; during the 1970s came to an end when Paul Volcker took office as Fed Chair in 1979. Volcker made quelling inflation a priority, &#34;even if it came at the detriment of short-term employment&#34;. To some extent, this is similar to Fed Chair Powell&#39;s commitment to arresting decades-high inflation &#34;even if doing so risks an economic downturn&#34;.</p><p>Inflation had already entered double-digits at 11% when Volcker became Fed Chair, while America&#39;s jobless rate was inching close to 6% near the end of the 1970s. Fed rate hikes continued, pushing the economy into deep recession by 1982 with the unemployment rate reaching 11%. Over a three-year span, the Volker-led Fed pushed its benchmark rate as high as 20% and stayed in the double-digit range until inflation had fallen to 5% by late 1982. The Fed pivoted then with rates declining to single-digits, alleviating unemployment from the peak of 11% to 8% by 1983.</p><p><b>S&amp;P 500 Bottom</b>. The S&amp;P 500 traded at single-digit(7.4x to 9.0x) estimated earnings when Volcker led an aggressive quantitative tightening cycle, which was reflective of the lower value of future cash flows. The market subsequently recovered when it became structurally clear that double-digit inflation was put away for good in the latter half of the 1980s.</p><p><b>Policy mistakes</b>. The stop-go monetary policy implemented in the 1970s has been largely viewed as a policy mistake today:</p><blockquote>In the 1970s, the Fed pursued what economists would call &#34;stop-go&#34; monetary policy, which alternated between fighting high unemployment and high inflation. During the &#34;go&#34; periods, the Fed lowered interest rates to loosen the money supply and target lower unemployment. During the &#34;stop&#34; periods, when inflation mounted, the Fed would raise interest rates to reduce inflationary pressure.</blockquote><blockquote>Source:Federal Reserve History</blockquote><p>The on-and-off tightening eventually let inflation and unemployment run loose through the decade. Today, Fed Chair Powell looks to be taking a page from the 1970s on managing risks of runaway inflation, cautioning against a premature loosening of monetary policies even if economic recession is becoming a certain possibility.</p><blockquote>We are not trying to provoke, and I don&#39;t think we will need to provoke, a recession,&#34; Powell said at a hearing before the U.S. Senate Banking Committee, although he acknowledged that a recession was &#34;certainly a possibility&#34; and events in the last few months around the world had made it more difficult to reduce inflation without causing one</blockquote><blockquote>Source:Reuters</blockquote><p><b>Greenspan Tightening 1999 to 2000</b></p><p><b>Context.</b> The Federal Reserve had resorted to monetary easing in 1998 as a pre-emptive measure to shore up U.S. growth&#34;in the face of economic turmoil overseas&#34; at the time, even though unemployment was at a historical low rate of 4.5%. But by 1999, it was clear the U.S. economy was booming, exhibiting a combination of robust consumer demand and job market, while inflation remained in check. This led the Fed to reverse courseunder Alan Greenspan leadership, and aboard a rate hike cycle that consisted of a 175 bps increases in 1999 from 4.75% to 6.5% by mid-2000.</p><p><b>Timeline of quantitative tightening.</b> The 1999 tightening cycle was largely viewed as the Fed&#39;s intention to &#34;protect consumers and financial markets from something it has yet to see - a substantial rise in inflationary pressures&#34;. Inflation was largely flat at the time, while GDP growth almos thalved from 4.3% in the first quarter to 2.3% in the second quarter at the time.</p><p>By mid-2000, the Fed funds rate had reached 6.5%. Coinciding with the dotcom bubble burst that led to severe market instability, fears that continued tightening would slow the U.S. economy into recession had escalated. A Fed pivot ensued with rates cutting back to the 3% range, followed by further reductions in 2001 after the 9-11 World Trade Center terrorist attack that took the Fed funds rate to the 1% range.</p><p><b>S&amp;P 500 Bottom.</b> Over the course of the Greenspan-led &#34;flip-flop on interest rates&#34; between 1999 and 2001, stocks actually sold off even when the Fed pivoted to monetary easing. The selloff continued into late 2002 to levels not seen since 1998.</p><p>Market instability was marked by a combination of lofty valuations in internet stocks that fell to shambles after a slew of fraudulent reporting (cue Enron) and bankruptcies surfaced, underscoring rapid erosion of investors&#39; confidence. The 9-11 terrorist attack also escalated uncertainties over the U.S. economic outlook at the time, adding pressure to the market downturn at the time. The S&amp;P 500 bottomed by late 2002, trading at double-digit (~30x) estimated earnings - a stark contrast to observations in the 1980s - which was consistent with record-low borrowing costs at the time.</p><p><b>Policy mistakes.</b> The low interest rates embraced by Greenspan to arrest market instability and declines was largely known as the &#34;Greenspan put&#34;, which is viewed today as a key factor that led the run-up to the 2008 housing market collapse. The Greenspan put instilled a mentality that the Fed would restore market stability in the event of declines - essentially, moral hazard - which caused &#34;excessive risk-taking in stock markets&#34;. This eventually led to high-flying valuations, particularly in internet stocks, that crashed in the 2000s. Similar happened again when financial markets collapsed in 2008.</p><p><b>The &#34;Great Recession&#34; of 2007 to 2009 and the 2008 Financial Crisis</b></p><p><b>Context.</b> Rate hikes resumed under Greenspan&#39;s leadership in 2004 when GDP growth was pushing 4% while inflation was at 2.7% and unemployment at 5.4%, showing signs of an overheating economy. Interest rates rose from 1.0% to 5.25% over the course of 17 incremental hikes between 2004 and 2006, when inflation surpassed 3%.</p><p>By 2007, GDP growth had fallen to 2%, and deteriorated rapidly to 0.1% the following year with unemployment surpassing 7% and inflation pushing 4%. The U.S. economy had effectively entered recession at the time, with unemployment reaching 10% by late 2009 fuelled by the housing bubble burst in 2008 (i.e. 2008 financial crisis). The S&amp;P 500 fell 57% over the same period, wiping out close to$15 trillion in American&#39;s net worth.</p><p><b>Timeline of quantitative tightening.</b> The 2004 to 2006 tightening cycle peaked with the Fed funds rate at 5.25%, but was insufficient in stamping out inflation and keeping unemployment at bay. This effectively drove the U.S. economy into recession by 2007, with a combination of fiscal and monetary policy easing implemented under the leadership of then-president George W. Bush and then-Fed-Chair Ben Bernanke with aims of shoring up the economy. The 2008 financial crisis ensuing from the housing bubble burst that left &#34;trillions of dollars of worthless investments in subprime mortgages&#34; also compounded pains.</p><p>By the end of 2008, the Fed funds rate had already been cut to the0% to 0.25%range to stem the economy from unravelling further. The FOMC had intended to keep the Fed funds rate &#34;at exceptionally low levels for some time and then for an extended period&#34; at the time, and the near-zero range eventually held until 2015. Monetary policy under Bernanke&#39;s leadership was focused on the &#34;use [of the FOMC&#39;s] policy statement to provide forward guidance for the federal funds rate&#34;, which helped manage market&#39;s understanding of economic and financial conditions during the Great Recession.</p><p>The Fed also implemented &#34;large scale asset purchase&#34; (&#34;LSAP&#34;) programs at the time to ensure &#34;longer-term public and private borrowing rates&#34; were kept at low levels in alignment with the near-zero Fed funds rate. This included the Fed&#39;s buyback of mortgage-backed securities (&#34;MBS&#34;) and Treasuries at the time to &#34;reduce the cost and increase the availability of credit for home purchases&#34; - a detrimental corner of the market during the financial crisis. The LSAP program is also similar to the MBS and Treasury buybacks implemented by the Fed at the onset of the COVID pandemic in2020to &#34;help ensure chaotic markets function properly [and] ensure credit flows to corporations as well as state and local governments&#34;.</p><p><b>S&amp;P 500 Bottom.</b> The S&amp;P 500 fell 57% between October 2007 and March 2009, though the economy remained weak with unemployment still on the run towards 9.5% in June 2009 before peaking at 10% in October 2009. The index was trading at more than 70x estimated earnings at its trough in March 2009, which was consistent with the hit on corporate fundamental performance across the board, as well as record-low borrowing costs at the 0% to 0.25% range. The valuation multiple moderated to the 20x-range of forward earnings by 2010 as corporate fundamentals started to recover, while the Fed funds rate was held steady at the near-zero range.</p><p><b>Policy mistakes.</b> As discussed in the earlier section, the housing bubble burst that also contributed to the Global Recession from 2007 to 2009 was likely partially driven by market moral hazard instilled by the Greenspan put. Recall that Bernanke also sought to rapid rate cuts between 2007 and 2008 in response to deteriorating macro conditions and the sliding market, adopting a similar strategy as Greenspan that &#34;may have been a catalyst contributing to the conditions of the 2008 financial crisis&#34;.</p><p>However, Bernanke&#39;s subsequent adherence to low interest rates for an extended period, as well as bank bailouts that cost as much as$700 billion, and other monetary easing policies such as the LSAP program ($1.75 trillion) was key to the long, yet stable market recovery in the years that followed.</p><p><b>The COVID Pandemic</b></p><p><b>Context.</b> Fed rate hikes resumed in 2015 under Fed Chair Janet Yellen after economic growth showed an extended period of stabilization in the 2% range, while inflation was flat with unemployment at 5%. The hikes continued even after Jerome Powell took over as Fed Chair in 2018 until the Fed funds rate reached 2.5% by the end of the same year.</p><p><b>Timeline of quantitative tightening.</b> The Federal Reserve resumed monetary policy tightening in 2015 upon evidence of &#34;improvement in the labor market [and reasonable confidence] that inflation would move back to its 2% objective over the medium term&#34;. As mentioned in the earlier section, unemployment had fallen to 5% in 2015 from the peak of 10% during late 2009. The intention was to pursue rate hikes while also maintaining an accommodative policy stance to &#34;support further improvement in labor market conditions and a return to 2% inflation&#34;.</p><p>The Fed pivoted to rate cuts by the summer of 2019 after the global equity market lost close to $7 trillion of its value by the end of 2018. However, GDP maintained at the 2%-range at the time, while unemployment was at 3.5% and inflation inched up to 1.9%, which stoked concerns of an eventual economic downturn. Rates were cut from the peak of 2.5% in late 2018 to 1.75% by late 2019. Rapid easing took place with rates sliding to the 0% to 0.25% range at the onset of the COVID pandemic in March 2020.</p><p><b>S&amp;P 500 Bottom.</b> More than $7 trillion in global market value was lost in 2018, with the S&amp;P 500 giving up close to 10% of its value (or almost 18% from the 2018 peak in September) before finding bottom near year-end. The index was trading at about 20x forward earnings at the time, which was consistent with rising, yet still low, interest rates at the time, relative to past financial crises.</p><p><b>Policy mistakes</b>. Market critics have viewed the 2015 rate hike cycle as &#34;premature&#34;, given inflation was still struggling to climb back towards the 2% Fed target at the time. It was not until 2018 when inflation topped 2%, which also coincided with market&#39;s negative reaction to rising borrowing costs following the preceding years of a near-zero Fed funds rate.</p><p><b>What Exactly is Valuation Composed of?</b></p><p>Before drawing on past economic cycles to gauge forward expectations, we turn to basic valuation theory to understand the interaction between key driving factors, including interest rates, inflation, unemployment and GDP. Most of the time, when we think of valuation, we think of the fundamental leg (e.g. growth, earnings, cash flows, etc.) and the valuation multiple (which is influenced by cost of capital / discount rate). But in economic theory, valuation can also be split into the following two components: steady-state firm value + future value creation.</p><p><b>Steady-State Firm Value</b></p><p>The steady-state value is defined as the value of the firm when &#34;NOPAT (net operating profit after tax) is sustainable indefinitely and incremental investments will neither add, nor subtract, value&#34;. This does not necessarily mean the point at which a company grows at 0% forever, but rather the point of growth that stays constant regardless of whether incremental investments are made (i.e. it could be a steady-state perpetual growth or declining rate).</p><p><img src=\"https://static.tigerbbs.com/578dbfd401111f95b82426bc244ff6c8\" tg-width=\"640\" tg-height=\"67\" referrerpolicy=\"no-referrer\"/></p><p>Steady-State Value Formula (Valuation Theory)</p><p>One way to depict steady-state value is via the steady-state firm value P/E ratio, which is defined as 1 divided by cost of capital:</p><blockquote>A company can continue to grow earnings as it invests at the cost of capital. It will just fail to create value, and hence should trade at its steady-state worth. We can readily translate from the steady-state value to a steady-state price-earnings multiple, which is the reciprocal of the cost of [capital].</blockquote><blockquote>Source:Credit Suisse</blockquote><p>The intuition is to find the valuation multiple (i.e. P/E ratio, in this case) reflective of the point at which continued investments at the cost of capital will continue to drive earnings growth, but not necessarily yield any incremental value creation, and hence stay at a steady-state of &#34;1&#34;.</p><p>To gauge where the market&#39;s steady-state value might be headed, we turn to key driving factor, cost of capital. Cost of capital is essentially the borrowing cost, which can be benchmarked against the Fed funds rate. Based on an understanding of past economic cycles, the Federal Reserve today is likely leaning towards the Volcker era, with a sprinkle of Bernanke.</p><p>What this means is that the Fed&#39;s commitment to taming inflation - even if it comes at the cost of some near-term economic pain - will eventually lead to more rate hikes in coming months, especially as inflation today remains far from the 2% target. This is consistent with the growing drumbeat of calls by Fed officials to raise rates into &#34;restrictive territory&#34; and holding it there until there is structural evidence inflation is back on track towards the committee&#39;s target range. To prevent further policy mistakes (we say &#34;further&#34; since the whole &#34;transitory inflation&#34; narrative last year obviously did not work out), responding to recent signs of slowing demand with a Fed pivot is essentially off the table, as implementing such as policy would likely be begging for a repeat of the &#34;stop-go&#34; disaster in the 1970s before Volcker. At best, the Fed will likely stick to what it has been doing at recent meetings - setting clean and clear forward expectations for markets like Bernanke had. In today&#39;s case, this means there will be more tightening in financial conditions that could potentially push the terminal rate higher, while keeping in mind of the &#34;effects of lags in monetary policy&#34; and start considering a moderation in the pace of coming rate hikes.</p><p>Traders are largely expecting a moderation in the pace of rate hikes from the jumbo 75 bps seen over the summer and fall, to a half-point increase at the coming December meeting, which would bring the Fed funds rate range from the current 3.75% to 4%, to 4.25% to 4.5%. The terminal rate is expected to reach 5% to 5.25%based on current prices on 1H23 Fed swaps. Substituting the estimated terminal rate of about 5% plus an additional percentage point to account for forward market risk premium (reflective of difference between 1-year Treasury yield of about 4.75% today and the current Fed funds rate range of 3.75% and 4%) as proxy for market cost of capital in gauging the steady-state firm value P/E ratio would yield about 17x. The S&amp;P 500, which can be viewed as a proxy for the weighted average of its constituents&#39; respective valuations, currently trades at about 20x estimated earnings. If market steady-state firm value is to be adjusted as a result of continued Fed policy tightening, the S&amp;P 500 could potentially move another leg lower by as much as 15% between now and when the Fed funds rate peaks in the current tightening cycle, which is estimated to occur by mid-2023.</p><p>But there are a myriad of other factors that could impact where the so-called steady-state firm value is headed as Fed tightening continues over coming months, including economic growth and investor sentiment on a broader basis. This is consistent with the observation discussed in earlier sections that market bottomed in March 2009 even though the economy continued to deteriorate with unemployment hitting trough at 10% seven months later in October 2009. This could both be reflective of the fact that market is forward looking (or priced at estimated earnings and forward macro expectations) and/or the lag effect in which monetary policy works, among other factors. What this essentially means is that while rate hikes are expected to peak by mid-2023, it does not necessarily mean that is also when the market will bottom. But nonetheless, even if it is almost impossible to gauge the exact timing, it is more likely that not that the market is skewed towards further downside risks through the first quarter of 2023 at the minimum.</p><p>In addition to the steady-state P/E ratio method, the Gordon growth model is another way to gauge steady-state firm value.</p><p><img src=\"https://static.tigerbbs.com/97b0f365e67a424db79cb49516d8b5f7\" tg-width=\"640\" tg-height=\"74\" referrerpolicy=\"no-referrer\"/></p><p>Gordon Growth Model (Valuation Theory)</p><p>The key assumption here other than cost of capital is GDP growth. GDP growth is typically used as a key benchmark to gauge the implied perpetual growth of a company, with addition consideration of the maturity of its industry as well as other company-specific factors such as market leadership, competitive advantages, and/or market share:</p><blockquote>Companies operating in industries that are higher growth in nature are typically valued at a perpetual growth rate closer to or more than GDP, given their greater contributions to economic growth. Alternatively, companies operating in lower growth and/or mature industries are typically allocated a lower perpetual growth rate.</blockquote><blockquote>Source: &#34;Shorting Tesla: Bridging Lofty Valuations to Economics&#34;</blockquote><p>As discussed in the earlier section, demand is likely to show a marked slowdown in coming months as consumer purchasing power wanes, especially if unemployment worsens, which will lead to further deteriorating in economic growth. Even though the labor market has remained largely resilient despite the recent slew of high-paid tech layoffs (accounts foronly ~2%of total U.S. employment), consumer weakness is expected to tame demand further and eventually hit corporate earnings, potentially resulting in more cost-driven job cuts. This is further corroborated by the gradual uptick in recent jobless claimsas well as jobless rate to &#34;3.7%from a more than five-decade low&#34;. This means GDP is likely to slow as interest rates increase, widening the spread between cost of capital and growth in the denominator of the Gordon growth model, and inadvertently, diminishing the steady-state firm value.</p><p><b>Future Value Creation Premium</b></p><p>The future value creation premium accounts for the incremental value that additional investments at the cost of capital would earn (i.e. return on capital), and also takes into consideration the time period in which this value-creating opportunity would last.</p><p><img src=\"https://static.tigerbbs.com/08bfdfec8d89633ac41365f0fcd39554\" tg-width=\"640\" tg-height=\"48\" referrerpolicy=\"no-referrer\"/></p><p>Future Value Creation Formula (Valuation Theory)</p><p>This is essentially a premium to the steady-state firm value, and explains the lofty valuations relative to broader markets observed in certain stocks, such as Apple(AAPL), Tesla(TSLA) and Snowflake(SNOW), today. Admittedly, these companies have either or all of outperforming balance sheets, profit margins, and/or growth prospects relative to peers, but not all are valued in proportion to the mean growth-valuation ratio observed among their respective peer groups.</p><p>In addition to the &#34;competitive advantage period&#34;, which measures the anticipated time period in which the added value-creating opportunity would last, key assumptions in deriving future value creation premium is return on capital and cost of capital. And return on capital can be substituted by anticipated economic expansion, or GDP growth - when the economy is good, growth and profit margins will likely perform better, and vice versa. But as discussed in the earlier section, GDP growth is likely skewed to the downside within the foreseeable future as demand continues to slow and profit margins get squeezed as a result of high input costs, and near-term requirements for more-than-usual promotional offers to offload excess product inventories.</p><p>Paired with the anticipation for greater increases to the cost of capital as a result of Fed hawkishness that will more likely than not continue for a while longer, the cost-return spread in the numerator of the future value creation component of valuation is poised to narrow. And as cost of capital continues to increase, the denominator will also expand, hence diminishing the future value creation component of broader market valuations, which corroborates the expectation for more downside potential within the near-term.</p><p><b>Implications for the S&amp;P 500 and Nasdaq 100 - Is the Bottom Near?</b></p><p>Based on valuation theory, and the anticipation for sustained hawkish Fed sentiment drawn from historical observations, the broader market is likely to see further volatility ahead as valuations adjust to rising rates and declining demand. While the timing at which markets will bottom remains uncertain, we are of the view that company fundamentals are only just starting to feel the impact of consumer weakness, which points to further value erosion through 1H23.</p><p>Specifically, consumer spending has remained resilient through the first half of 2022 despite deteriorating sentiment due to surging inflation and rising borrowing costs. But headed into the first half of the fourth quarter, declining business activity and warnings of a marked slowdown among consumer-centric industries such as retail underscore that waning consumer sentiment is now really materializing into real weakness. This is further supported by the consistent drop in American household savings and rise in credit card debt, among other observations, discussed earlier on in this analysis.</p><p>And a specific note to the tech-heavy Nasdaq 100 (NASDAQ: QQQ/NDX), constituents&#39; valuations are likely to be hit harder compared to those in the S&amp;P 500 given their cash flows are further out (with some still in pre-revenue phase and/or unprofitable) from realization and subject to a heavier discount as costs of capital increase. The index also consists of constituents with some of the biggest valuation premiums given lofty forward growth expectations previously priced in that may not materialize as expected within the foreseeable future, thus pointing to greater vulnerability to downside risks ahead.</p><p>And given risks of further macro deterioration are now skewed higher with recent economic data pointing to a moderation in the labor market, while monetary policy tightening continues to flow through different corners of the economy, the ensuing rise in the likelihood of a recession will likely take the market a leg lower through the first half of 2023, even if we start to see structural easing in price pressures.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here's Why We Think SPY And QQQ Risks Are Skewed To The Downside</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\">\nHere's Why We Think SPY And QQQ Risks Are Skewed To The Downside\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-27 12:16 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4560523-heres-why-we-think-spy-and-qqq-risks-are-skewed-to-the-downside><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryEquities have been on a gradual climb since the beginning of the fourth quarter, with the SPY up 13% and QQQ up 8% QTD.There has also been some cautious optimism among investors on signs of ...</p>\n\n<a href=\"https://seekingalpha.com/article/4560523-heres-why-we-think-spy-and-qqq-risks-are-skewed-to-the-downside\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF","QQQ":"纳指100ETF"},"source_url":"https://seekingalpha.com/article/4560523-heres-why-we-think-spy-and-qqq-risks-are-skewed-to-the-downside","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1110767793","content_text":"SummaryEquities have been on a gradual climb since the beginning of the fourth quarter, with the SPY up 13% and QQQ up 8% QTD.There has also been some cautious optimism among investors on signs of easing inflation and the Fed's consideration for a moderation in the pace of coming rate hikes.However, company fundamentals that were previously resilient are now just starting to show the first signs of cracks, while continued borrowing cost increases will only weigh on valuations further.The following deep dive analysis will walk through past economic cycles, valuation theory, and recent economic data to gauge where Fed policy might be headed and the related implications on SPY and QQQ valuations as we head into the new year.The S&P 500 (NYSEARCA: SPY/SP500) has gradually climbed more than 12% since the fourth quarter began, and closed at a two-month high during Wednesday's (November 23) session after a flurry of economic data released in recent weeks pointed to easing price pressures and market slowdown that could harbinger a dovish Fed policy stance over coming months. October CPI and PPI showed a stronger reduction in prices than expected, while recent data on jobless claims, retail sales, and business activity also pointed to a slowdown in demand, especially for discretionary goods.Despite hawkish commentary from Fed officials still, investors are responding positively to remarks that the pace of rate hikes might be moderating from the recent slew of jumbo 75 bps increases. This has compounded market optimism on a potential shift on the Fed's policy tightening trajectory to a more dovish stance, with investors' now focusing more on a potential slowdown in the pace of coming rate hikes than where the terminal rate might land (i.e. when the Fed might actually pivot).But from a valuation and fundamental perspective, continued rate hikes are poised to squeeze multiples further into contraction, while ensuing deteriorating of financial conditions put corporate earnings at risk. With slowing demand, and mounting macroeconomic uncertainties over the Fed's tightening trajectory, when inflation would peak, and whether a recession is imminently still at large, volatility will likely continue to overpower markets. While it is difficult to gauge when exactly markets might bottom as macro deterioration gains momentum, the following analysis will turn to past tightening cycles and inflation environments, as well as basic valuation theory to explore where the market climate stands today and what to potentially expect over coming months.Recent Economic OverviewThe drumbeat for moderating inflation grew after CPI and PPI figures came in lower than expected. October CPI rose7.7% y/yand 0.4% m/m (core +6.3% y/y, +0.3% m/m), marking the \"smallest annual advance since the start of the year\" and coming in under economist estimates of 7.9% y/y and 0.6% m/m. U.S. PPI also eased in October, advancing 8% y/y(core +6.7% y/) and 0.2% m/m (core 0% m/m) compared with economist estimates of 8.3% y/y and 0.4% m/m. The back-to-back indication of easing price pressures pushed the S&P 500 higher in early November, as markets saw it as an encouraging sign that the Fed might resort to less aggressive tightening in the months ahead and potentially achieve a soft-landing that could be beneficial to the valuation of risky assets that have been roiled across the board this year.But investors were quickly sent back to the sidelines after stronger-than-expectedU.S. retail sales data for October indicated that the economy was still running hot, while Fed officials rushed to warn markets that \"inflation remains much too high for comfort\" and there is \"still a long way to go\" on keeping decades-high price increases under control. But a deeper look into the drivers of retail sales increases would suggest that consumer purchasing power is starting to feel the pinch of both rising inflation and interest rates, and the volume of sales is likely deteriorating too since the October figure of 1.3% is not adjusted for inflation.As discussed in one of our recent coverages, the biggest driver of October's retail sales growth was on basic necessities like food and energy. Meanwhile, spending on discretionary goods like consumer electronics and apparel saw a marked decline, indicating that consumer purchasing power is waning on the back of surging inflation and tightening financial conditions:Meanwhile, retailers of discretionary goods such as apparel, consumer electronics, and sporting goods saw a sales decline of more than 2% over the same period. The results imply continued weakening in consumer purchasing power as inflationary pressures persist, while retailers of discretionary goods are looking to lure buyers ahead of the holiday shopping season with price cuts and steep discounts in an attempt to clear inventories.Source: \"2 Retail Stocks to Watch After Retail Sales Rose in October - We are Watching Amazon and Apple\"The shift in consumer behavior in response to mounting macroeconomic uncertainties ahead is also telling of the impending demand slowdown over the coming months. Consumer credit card debt is fast approaching the pre-pandemic peak of $916 billion as of the end of September, and the continuation of this trend is further corroborated by recent observations by retailer Macy's (M), which saw its customers \"building larger balances on credit cards\". The latest data shows that Americans' credit card debt has increased by 15% y/y, the fastest pace in two decades while card borrowing costs topped 19%, a level not seen in 40 years.The impending slowdown in demand and spending is further supported by the recent rise in jobless claims and contraction in business activity. U.S. jobless claims topped 240,000 during the week ended November 19th, topping consensus estimates of 225,000 and up from 17,000 in the prior week. The jump was the highest in months, a potential sign that the labor market might be cooling as a result of recent mass layoffs across big tech, though economists are also cautioning effects of seasonal attrition, which introduces a \"great deal of volatility into this data\". The U.S. job market has remained stubbornly resilient despite the Fed's implementation of aggressive tools to slow the economy this year, with the jobless rate still at a 50-year low of3.7%:Tech companies represent about 2% of all employment in the country, said Richardson. That compares with 11% for the leisure and hospitality industry, which is still struggling to hire workers, she added.Source:BloombergThe broad takeaway is a job market that's cooling albeit not very quickly. That lines up with Jerome Powell's characterization earlier this week, when the Fed chair acknowledged conditions haven't softened yet in an \"obvious\" way and said the central bank is eyeing a higher peak interest rate than it was two months ago.Source:BloombergBut added softness in business activity indicates that even \"some of the more resilient parts of the economy\" are undoubtedly showing cracks as a result of the Fed's aggressive policy stance deployed this year. The S&P Global Flash U.S. Composite PMI, which measures activity across the American private sector, saw a \"solid contraction\" this month. The index reached the \"second lowest level\" since the onset of the pandemic and imitates the dire business environment in 2009. Managers reported slowing demand and new orders due to the effects of \"rising interest rates, economic uncertainty and the lingering effects of still elevated inflation\". Consistent with commentary gathered in the latest third quarter earnings season, promotional offers are gaining momentum across suppliers, factories and service providers to \"help boost flagging sales\", which is poised to weigh on private sector earnings over coming months.Although easing inflationary pressures is a welcomed sight, recent data points to rapid unravelling of an economy that is likely headed towards recession. Minutes from the FOMC meeting in November indicated that policymakers are now seeing a 50/50 risk of recession within the next year, compared with a more aggressive forecast of65%on Wall Street and as much as100%by a Bloomberg Economics model.What the Fed SaysAmidst the paradox between recent market optimism and a rapidly deteriorating macro backdrop, the Federal Reserve is sticking to its hawkish policy stance in hopes of preventing an unravelling of the work done to date to quell inflation. Recall Fed Chair Jerome Powell's stern remarks on managing market expectations during the post-meeting conference in November:CHRISTOPHER RUGABER. Great, and just a quick follow. It looks like stock and bond markets are reacting positively to your announcement so far. Is that something you wanted to see? Is that a problem or what-how that might affect your future policy to see this positive reaction?CHAIR POWELL. We're not targeting any one or two particular things. Our message should be-what I'm trying to do is make sure that our message is clear, which is that we think we have a ways to go, we have some ground to cover with interest rates before we get to, before we get to that level of interest rates that we think is sufficiently restrictive…If you look at the-I have a table of the last 12 months of 12-month readings, and there's really no pattern there. We're exactly where we were a year ago. So I would also say, it's premature to discuss pausing. And it's not something that we're thinking about. That's really not a conversation to be had now. We have a ways to go. And the last thing I'll say is that I would want people to understand our commitment to getting this done and to not making the mistake of not doing enough or the mistake of withdrawing our strong policy and doing that too soon. So those-I control those messages, and that's my job.Source:Transcript of Chair Powell's Press Conference, November 2, 2022And the same policy stance has been proclaimed unanimously across commentary from Fed officials as of late, with many sticking to the narrative that there is still \"a long way to go\" when it comes to quelling inflation. Despite acknowledging that the \"lags with which monetary policy affects economic activity and inflation\" are now materializing, which draws the need to start considering a slowdown in the pace of rate hikes, policymakers remain fixed on tightening policy into restrictive territory, nonetheless. The hawkish commentary maintained indicates that \"the Fed is likely to lean against easing financial conditions\" despite recent data supporting that the economy is slowing. Specifically, a slowing economy is what the Fed essentially wants to ensure inflation is reined in. The intention of continued hawkishness is to prevent markets from mistaking any potential near-term deceleration in the pace of rate increases with a reversal of the economy's current slowdown.:The big picture illustrates that the Fed intends to slow down in order to allow more time for lags to operate and cumulative tightening to date to show up in the data. The hawkish talk from Chair Powell and many Fed officials subsequently is likely intended to provide air cover for the slowing to take place without an excessive easing of financial conditions.Source:BloombergWhat the Past SaysWhile continued market volatility in the near-term is almost certain, when the market might bottom remains a big question mark. The Fed's monetary policy tightening campaign implemented this year is the most aggressive in 40-years, but the economy's relative resilience this time around when compared to the past suggests that some macroeconomic factors have inevitably changed.For instance, technology plays a bigger role in today's economic development, while simpler factors like consumer behavior and the social construct's role in the global macro economy have also evolved significantly in the past decade alone. The recent COVID pandemic and the ensuing disruptions to businesses and global supply chains has also injected further complexity into today's macroeconomic conditions compared to past economic downturns, inflationary environments, and monetary policy tightening cycles. Yet, there are also many overlapping similarities between today's inflationary environment and monetary policy tightening cycles compared to ones in the past that could potentially shed some light on where the economy stands today and what potentially lies ahead.The \"Global Recession\" in the 1970s to 1980sContext. Inflation reached double-digits in the U.S. and across major economies during the 1980s. Similar to today's situation, soaring food and energy prices were culprit to runaway inflation at the time. The back-to-back energy crisis stemming from the Arab oil embargo in the early 1970s and the Iranian Revolution later the same decade, which resulted in a rapid decline in supplies, pushed oil prices up by as much as fourfold at the time.Inflation topped 12% in 1974 with the Fed funds rate rising from 7% to 16% by early 1975, pushing the economy into recession. A stark Fed pivot followed with the Fed funds rate cut to 5.25% by April 1975, causing inflation to return while growth remained stagnate. By the time the second energy crisis came around, accommodative policies were deployed by the Fed in hopes of countering unemployment, but backfired by worsening the pace of price increases - inflation rose from below 5% in early 1976 prior to the second energy crisis resulting from the Iranian Revolution, to 7% by 1979. The Federal Funds Rate was pushed from 6.9% to 10% over the same period in hopes of stamping out inflationary pressure without \"stifling fragile economic growth\" at the time, but to no avail, which led to an extended period of stagflation instead and pushed the economy into recession again.Timeline of quantitative tightening. The so-called \"stop-go policy\" during the 1970s came to an end when Paul Volcker took office as Fed Chair in 1979. Volcker made quelling inflation a priority, \"even if it came at the detriment of short-term employment\". To some extent, this is similar to Fed Chair Powell's commitment to arresting decades-high inflation \"even if doing so risks an economic downturn\".Inflation had already entered double-digits at 11% when Volcker became Fed Chair, while America's jobless rate was inching close to 6% near the end of the 1970s. Fed rate hikes continued, pushing the economy into deep recession by 1982 with the unemployment rate reaching 11%. Over a three-year span, the Volker-led Fed pushed its benchmark rate as high as 20% and stayed in the double-digit range until inflation had fallen to 5% by late 1982. The Fed pivoted then with rates declining to single-digits, alleviating unemployment from the peak of 11% to 8% by 1983.S&P 500 Bottom. The S&P 500 traded at single-digit(7.4x to 9.0x) estimated earnings when Volcker led an aggressive quantitative tightening cycle, which was reflective of the lower value of future cash flows. The market subsequently recovered when it became structurally clear that double-digit inflation was put away for good in the latter half of the 1980s.Policy mistakes. The stop-go monetary policy implemented in the 1970s has been largely viewed as a policy mistake today:In the 1970s, the Fed pursued what economists would call \"stop-go\" monetary policy, which alternated between fighting high unemployment and high inflation. During the \"go\" periods, the Fed lowered interest rates to loosen the money supply and target lower unemployment. During the \"stop\" periods, when inflation mounted, the Fed would raise interest rates to reduce inflationary pressure.Source:Federal Reserve HistoryThe on-and-off tightening eventually let inflation and unemployment run loose through the decade. Today, Fed Chair Powell looks to be taking a page from the 1970s on managing risks of runaway inflation, cautioning against a premature loosening of monetary policies even if economic recession is becoming a certain possibility.We are not trying to provoke, and I don't think we will need to provoke, a recession,\" Powell said at a hearing before the U.S. Senate Banking Committee, although he acknowledged that a recession was \"certainly a possibility\" and events in the last few months around the world had made it more difficult to reduce inflation without causing oneSource:ReutersGreenspan Tightening 1999 to 2000Context. The Federal Reserve had resorted to monetary easing in 1998 as a pre-emptive measure to shore up U.S. growth\"in the face of economic turmoil overseas\" at the time, even though unemployment was at a historical low rate of 4.5%. But by 1999, it was clear the U.S. economy was booming, exhibiting a combination of robust consumer demand and job market, while inflation remained in check. This led the Fed to reverse courseunder Alan Greenspan leadership, and aboard a rate hike cycle that consisted of a 175 bps increases in 1999 from 4.75% to 6.5% by mid-2000.Timeline of quantitative tightening. The 1999 tightening cycle was largely viewed as the Fed's intention to \"protect consumers and financial markets from something it has yet to see - a substantial rise in inflationary pressures\". Inflation was largely flat at the time, while GDP growth almos thalved from 4.3% in the first quarter to 2.3% in the second quarter at the time.By mid-2000, the Fed funds rate had reached 6.5%. Coinciding with the dotcom bubble burst that led to severe market instability, fears that continued tightening would slow the U.S. economy into recession had escalated. A Fed pivot ensued with rates cutting back to the 3% range, followed by further reductions in 2001 after the 9-11 World Trade Center terrorist attack that took the Fed funds rate to the 1% range.S&P 500 Bottom. Over the course of the Greenspan-led \"flip-flop on interest rates\" between 1999 and 2001, stocks actually sold off even when the Fed pivoted to monetary easing. The selloff continued into late 2002 to levels not seen since 1998.Market instability was marked by a combination of lofty valuations in internet stocks that fell to shambles after a slew of fraudulent reporting (cue Enron) and bankruptcies surfaced, underscoring rapid erosion of investors' confidence. The 9-11 terrorist attack also escalated uncertainties over the U.S. economic outlook at the time, adding pressure to the market downturn at the time. The S&P 500 bottomed by late 2002, trading at double-digit (~30x) estimated earnings - a stark contrast to observations in the 1980s - which was consistent with record-low borrowing costs at the time.Policy mistakes. The low interest rates embraced by Greenspan to arrest market instability and declines was largely known as the \"Greenspan put\", which is viewed today as a key factor that led the run-up to the 2008 housing market collapse. The Greenspan put instilled a mentality that the Fed would restore market stability in the event of declines - essentially, moral hazard - which caused \"excessive risk-taking in stock markets\". This eventually led to high-flying valuations, particularly in internet stocks, that crashed in the 2000s. Similar happened again when financial markets collapsed in 2008.The \"Great Recession\" of 2007 to 2009 and the 2008 Financial CrisisContext. Rate hikes resumed under Greenspan's leadership in 2004 when GDP growth was pushing 4% while inflation was at 2.7% and unemployment at 5.4%, showing signs of an overheating economy. Interest rates rose from 1.0% to 5.25% over the course of 17 incremental hikes between 2004 and 2006, when inflation surpassed 3%.By 2007, GDP growth had fallen to 2%, and deteriorated rapidly to 0.1% the following year with unemployment surpassing 7% and inflation pushing 4%. The U.S. economy had effectively entered recession at the time, with unemployment reaching 10% by late 2009 fuelled by the housing bubble burst in 2008 (i.e. 2008 financial crisis). The S&P 500 fell 57% over the same period, wiping out close to$15 trillion in American's net worth.Timeline of quantitative tightening. The 2004 to 2006 tightening cycle peaked with the Fed funds rate at 5.25%, but was insufficient in stamping out inflation and keeping unemployment at bay. This effectively drove the U.S. economy into recession by 2007, with a combination of fiscal and monetary policy easing implemented under the leadership of then-president George W. Bush and then-Fed-Chair Ben Bernanke with aims of shoring up the economy. The 2008 financial crisis ensuing from the housing bubble burst that left \"trillions of dollars of worthless investments in subprime mortgages\" also compounded pains.By the end of 2008, the Fed funds rate had already been cut to the0% to 0.25%range to stem the economy from unravelling further. The FOMC had intended to keep the Fed funds rate \"at exceptionally low levels for some time and then for an extended period\" at the time, and the near-zero range eventually held until 2015. Monetary policy under Bernanke's leadership was focused on the \"use [of the FOMC's] policy statement to provide forward guidance for the federal funds rate\", which helped manage market's understanding of economic and financial conditions during the Great Recession.The Fed also implemented \"large scale asset purchase\" (\"LSAP\") programs at the time to ensure \"longer-term public and private borrowing rates\" were kept at low levels in alignment with the near-zero Fed funds rate. This included the Fed's buyback of mortgage-backed securities (\"MBS\") and Treasuries at the time to \"reduce the cost and increase the availability of credit for home purchases\" - a detrimental corner of the market during the financial crisis. The LSAP program is also similar to the MBS and Treasury buybacks implemented by the Fed at the onset of the COVID pandemic in2020to \"help ensure chaotic markets function properly [and] ensure credit flows to corporations as well as state and local governments\".S&P 500 Bottom. The S&P 500 fell 57% between October 2007 and March 2009, though the economy remained weak with unemployment still on the run towards 9.5% in June 2009 before peaking at 10% in October 2009. The index was trading at more than 70x estimated earnings at its trough in March 2009, which was consistent with the hit on corporate fundamental performance across the board, as well as record-low borrowing costs at the 0% to 0.25% range. The valuation multiple moderated to the 20x-range of forward earnings by 2010 as corporate fundamentals started to recover, while the Fed funds rate was held steady at the near-zero range.Policy mistakes. As discussed in the earlier section, the housing bubble burst that also contributed to the Global Recession from 2007 to 2009 was likely partially driven by market moral hazard instilled by the Greenspan put. Recall that Bernanke also sought to rapid rate cuts between 2007 and 2008 in response to deteriorating macro conditions and the sliding market, adopting a similar strategy as Greenspan that \"may have been a catalyst contributing to the conditions of the 2008 financial crisis\".However, Bernanke's subsequent adherence to low interest rates for an extended period, as well as bank bailouts that cost as much as$700 billion, and other monetary easing policies such as the LSAP program ($1.75 trillion) was key to the long, yet stable market recovery in the years that followed.The COVID PandemicContext. Fed rate hikes resumed in 2015 under Fed Chair Janet Yellen after economic growth showed an extended period of stabilization in the 2% range, while inflation was flat with unemployment at 5%. The hikes continued even after Jerome Powell took over as Fed Chair in 2018 until the Fed funds rate reached 2.5% by the end of the same year.Timeline of quantitative tightening. The Federal Reserve resumed monetary policy tightening in 2015 upon evidence of \"improvement in the labor market [and reasonable confidence] that inflation would move back to its 2% objective over the medium term\". As mentioned in the earlier section, unemployment had fallen to 5% in 2015 from the peak of 10% during late 2009. The intention was to pursue rate hikes while also maintaining an accommodative policy stance to \"support further improvement in labor market conditions and a return to 2% inflation\".The Fed pivoted to rate cuts by the summer of 2019 after the global equity market lost close to $7 trillion of its value by the end of 2018. However, GDP maintained at the 2%-range at the time, while unemployment was at 3.5% and inflation inched up to 1.9%, which stoked concerns of an eventual economic downturn. Rates were cut from the peak of 2.5% in late 2018 to 1.75% by late 2019. Rapid easing took place with rates sliding to the 0% to 0.25% range at the onset of the COVID pandemic in March 2020.S&P 500 Bottom. More than $7 trillion in global market value was lost in 2018, with the S&P 500 giving up close to 10% of its value (or almost 18% from the 2018 peak in September) before finding bottom near year-end. The index was trading at about 20x forward earnings at the time, which was consistent with rising, yet still low, interest rates at the time, relative to past financial crises.Policy mistakes. Market critics have viewed the 2015 rate hike cycle as \"premature\", given inflation was still struggling to climb back towards the 2% Fed target at the time. It was not until 2018 when inflation topped 2%, which also coincided with market's negative reaction to rising borrowing costs following the preceding years of a near-zero Fed funds rate.What Exactly is Valuation Composed of?Before drawing on past economic cycles to gauge forward expectations, we turn to basic valuation theory to understand the interaction between key driving factors, including interest rates, inflation, unemployment and GDP. Most of the time, when we think of valuation, we think of the fundamental leg (e.g. growth, earnings, cash flows, etc.) and the valuation multiple (which is influenced by cost of capital / discount rate). But in economic theory, valuation can also be split into the following two components: steady-state firm value + future value creation.Steady-State Firm ValueThe steady-state value is defined as the value of the firm when \"NOPAT (net operating profit after tax) is sustainable indefinitely and incremental investments will neither add, nor subtract, value\". This does not necessarily mean the point at which a company grows at 0% forever, but rather the point of growth that stays constant regardless of whether incremental investments are made (i.e. it could be a steady-state perpetual growth or declining rate).Steady-State Value Formula (Valuation Theory)One way to depict steady-state value is via the steady-state firm value P/E ratio, which is defined as 1 divided by cost of capital:A company can continue to grow earnings as it invests at the cost of capital. It will just fail to create value, and hence should trade at its steady-state worth. We can readily translate from the steady-state value to a steady-state price-earnings multiple, which is the reciprocal of the cost of [capital].Source:Credit SuisseThe intuition is to find the valuation multiple (i.e. P/E ratio, in this case) reflective of the point at which continued investments at the cost of capital will continue to drive earnings growth, but not necessarily yield any incremental value creation, and hence stay at a steady-state of \"1\".To gauge where the market's steady-state value might be headed, we turn to key driving factor, cost of capital. Cost of capital is essentially the borrowing cost, which can be benchmarked against the Fed funds rate. Based on an understanding of past economic cycles, the Federal Reserve today is likely leaning towards the Volcker era, with a sprinkle of Bernanke.What this means is that the Fed's commitment to taming inflation - even if it comes at the cost of some near-term economic pain - will eventually lead to more rate hikes in coming months, especially as inflation today remains far from the 2% target. This is consistent with the growing drumbeat of calls by Fed officials to raise rates into \"restrictive territory\" and holding it there until there is structural evidence inflation is back on track towards the committee's target range. To prevent further policy mistakes (we say \"further\" since the whole \"transitory inflation\" narrative last year obviously did not work out), responding to recent signs of slowing demand with a Fed pivot is essentially off the table, as implementing such as policy would likely be begging for a repeat of the \"stop-go\" disaster in the 1970s before Volcker. At best, the Fed will likely stick to what it has been doing at recent meetings - setting clean and clear forward expectations for markets like Bernanke had. In today's case, this means there will be more tightening in financial conditions that could potentially push the terminal rate higher, while keeping in mind of the \"effects of lags in monetary policy\" and start considering a moderation in the pace of coming rate hikes.Traders are largely expecting a moderation in the pace of rate hikes from the jumbo 75 bps seen over the summer and fall, to a half-point increase at the coming December meeting, which would bring the Fed funds rate range from the current 3.75% to 4%, to 4.25% to 4.5%. The terminal rate is expected to reach 5% to 5.25%based on current prices on 1H23 Fed swaps. Substituting the estimated terminal rate of about 5% plus an additional percentage point to account for forward market risk premium (reflective of difference between 1-year Treasury yield of about 4.75% today and the current Fed funds rate range of 3.75% and 4%) as proxy for market cost of capital in gauging the steady-state firm value P/E ratio would yield about 17x. The S&P 500, which can be viewed as a proxy for the weighted average of its constituents' respective valuations, currently trades at about 20x estimated earnings. If market steady-state firm value is to be adjusted as a result of continued Fed policy tightening, the S&P 500 could potentially move another leg lower by as much as 15% between now and when the Fed funds rate peaks in the current tightening cycle, which is estimated to occur by mid-2023.But there are a myriad of other factors that could impact where the so-called steady-state firm value is headed as Fed tightening continues over coming months, including economic growth and investor sentiment on a broader basis. This is consistent with the observation discussed in earlier sections that market bottomed in March 2009 even though the economy continued to deteriorate with unemployment hitting trough at 10% seven months later in October 2009. This could both be reflective of the fact that market is forward looking (or priced at estimated earnings and forward macro expectations) and/or the lag effect in which monetary policy works, among other factors. What this essentially means is that while rate hikes are expected to peak by mid-2023, it does not necessarily mean that is also when the market will bottom. But nonetheless, even if it is almost impossible to gauge the exact timing, it is more likely that not that the market is skewed towards further downside risks through the first quarter of 2023 at the minimum.In addition to the steady-state P/E ratio method, the Gordon growth model is another way to gauge steady-state firm value.Gordon Growth Model (Valuation Theory)The key assumption here other than cost of capital is GDP growth. GDP growth is typically used as a key benchmark to gauge the implied perpetual growth of a company, with addition consideration of the maturity of its industry as well as other company-specific factors such as market leadership, competitive advantages, and/or market share:Companies operating in industries that are higher growth in nature are typically valued at a perpetual growth rate closer to or more than GDP, given their greater contributions to economic growth. Alternatively, companies operating in lower growth and/or mature industries are typically allocated a lower perpetual growth rate.Source: \"Shorting Tesla: Bridging Lofty Valuations to Economics\"As discussed in the earlier section, demand is likely to show a marked slowdown in coming months as consumer purchasing power wanes, especially if unemployment worsens, which will lead to further deteriorating in economic growth. Even though the labor market has remained largely resilient despite the recent slew of high-paid tech layoffs (accounts foronly ~2%of total U.S. employment), consumer weakness is expected to tame demand further and eventually hit corporate earnings, potentially resulting in more cost-driven job cuts. This is further corroborated by the gradual uptick in recent jobless claimsas well as jobless rate to \"3.7%from a more than five-decade low\". This means GDP is likely to slow as interest rates increase, widening the spread between cost of capital and growth in the denominator of the Gordon growth model, and inadvertently, diminishing the steady-state firm value.Future Value Creation PremiumThe future value creation premium accounts for the incremental value that additional investments at the cost of capital would earn (i.e. return on capital), and also takes into consideration the time period in which this value-creating opportunity would last.Future Value Creation Formula (Valuation Theory)This is essentially a premium to the steady-state firm value, and explains the lofty valuations relative to broader markets observed in certain stocks, such as Apple(AAPL), Tesla(TSLA) and Snowflake(SNOW), today. Admittedly, these companies have either or all of outperforming balance sheets, profit margins, and/or growth prospects relative to peers, but not all are valued in proportion to the mean growth-valuation ratio observed among their respective peer groups.In addition to the \"competitive advantage period\", which measures the anticipated time period in which the added value-creating opportunity would last, key assumptions in deriving future value creation premium is return on capital and cost of capital. And return on capital can be substituted by anticipated economic expansion, or GDP growth - when the economy is good, growth and profit margins will likely perform better, and vice versa. But as discussed in the earlier section, GDP growth is likely skewed to the downside within the foreseeable future as demand continues to slow and profit margins get squeezed as a result of high input costs, and near-term requirements for more-than-usual promotional offers to offload excess product inventories.Paired with the anticipation for greater increases to the cost of capital as a result of Fed hawkishness that will more likely than not continue for a while longer, the cost-return spread in the numerator of the future value creation component of valuation is poised to narrow. And as cost of capital continues to increase, the denominator will also expand, hence diminishing the future value creation component of broader market valuations, which corroborates the expectation for more downside potential within the near-term.Implications for the S&P 500 and Nasdaq 100 - Is the Bottom Near?Based on valuation theory, and the anticipation for sustained hawkish Fed sentiment drawn from historical observations, the broader market is likely to see further volatility ahead as valuations adjust to rising rates and declining demand. While the timing at which markets will bottom remains uncertain, we are of the view that company fundamentals are only just starting to feel the impact of consumer weakness, which points to further value erosion through 1H23.Specifically, consumer spending has remained resilient through the first half of 2022 despite deteriorating sentiment due to surging inflation and rising borrowing costs. But headed into the first half of the fourth quarter, declining business activity and warnings of a marked slowdown among consumer-centric industries such as retail underscore that waning consumer sentiment is now really materializing into real weakness. This is further supported by the consistent drop in American household savings and rise in credit card debt, among other observations, discussed earlier on in this analysis.And a specific note to the tech-heavy Nasdaq 100 (NASDAQ: QQQ/NDX), constituents' valuations are likely to be hit harder compared to those in the S&P 500 given their cash flows are further out (with some still in pre-revenue phase and/or unprofitable) from realization and subject to a heavier discount as costs of capital increase. The index also consists of constituents with some of the biggest valuation premiums given lofty forward growth expectations previously priced in that may not materialize as expected within the foreseeable future, thus pointing to greater vulnerability to downside risks ahead.And given risks of further macro deterioration are now skewed higher with recent economic data pointing to a moderation in the labor market, while monetary policy tightening continues to flow through different corners of the economy, the ensuing rise in the likelihood of a recession will likely take the market a leg lower through the first half of 2023, even if we start to see structural easing in price pressures.","news_type":1},"isVote":1,"tweetType":1,"viewCount":841,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9982878182,"gmtCreate":1667169607946,"gmtModify":1676537868376,"author":{"id":"3573986430688942","authorId":"3573986430688942","name":"themonkey","avatar":"https://static.tigerbbs.com/573a67d390101884216129f5c49fe8a0","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9982878182","repostId":"1144002858","repostType":4,"repost":{"id":"1144002858","pubTimestamp":1667099313,"share":"https://www.laohu8.com/m/news/1144002858?lang=&edition=full","pubTime":"2022-10-30 11:08","market":"us","language":"en","title":"Is Nvidia And Oracle's Partnership Expansion Good For Business Outlook?","url":"https://stock-news.laohu8.com/highlight/detail?id=1144002858","media":"Seeking Alpha","summary":"SummaryNVDA’s partnership with OCI could help negate the adverse developments that have cropped up d","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>NVDA’s partnership with OCI could help negate the adverse developments that have cropped up due to geopolitical risks.</li><li>NVDA’s powerful AI-ready infrastructure feels like a good fit to harness Oracle’s deep data repositories.</li><li>NVDA’s forward valuations look attractive and the risk-reward on the weekly chart does not look too bad.</li><li>However, institutions still continue to shun the stock, and it does not look like it will be an apt rotation candidate for those fishing in the semiconductor or AI arenas.</li></ul><p><b>Introduction</b></p><p>NVIDIA Corporation (NASDAQ: NVDA), a trailblazer in accelerated computing reports under five divisions. Over the years, the Data Center segment has grown to become a vital fulcrum of the overall story. In Q2, this division contributed $3.8bn of revenue (that is more than any other division), accounting for 57% of NVDA’s overall topline.</p><p>When things were moving along quite smoothly here, it was rather dispiriting to note that the company had become a victim of geopolitical tensions between China and the US; in late August/early September, the US government imposed new license requirements which would hinder the ability of NVIDIA to export its A100 and upcoming H100 GPUs without much encumbrances. NVDA is now in the process of working out alternative solutions to mitigate this impact, but the initial reading is that this development could prove to impact revenues to the tune of $400 mper quarter. That would imply a roughly 11% impact on the data center business which is certainly not ideal, particularly when the other large division- gaming, continues to slow down every quarter.</p><p><b>The Implications Of The Nvidia and Oracle Partnership</b></p><p>Whilst NVIDIA continues to figure out the best course of action for the Chinese market going forward, it was heartening to read about another development a few days back- the expansion of an ongoing multiyear alliance with Oracle(ORCL), which is designed to enhance Oracle Cloud Infrastructure’s (OCI) positioning with its enterprise clients (these clients will now have access to all of NVDA’s AI platforms). Needless to say, this will also provide added visibility for NVIDIA’s AI, which can only be good for further and rapid adoption from other parties.</p><p>As part of the<i>“multi-year</i>” deal, OCI will be adding<i>“tens of thousands more NVIDIA GPUs, including the A100 and upcoming H100”.</i>I believe this could be a very symbiotic connection for both entities; we know that ORCL’s databases attract a plethora of companies that use them to store chunks and chunks of raw enterprise data. But just having the data isn’t enough; you need the requisite AI-ready infrastructure, and there are not too many companies that can offer what NVDA does.</p><p>Leave aside the H100 for now, which is still in the works, but using the A100 80GB GPU, OCI could cater to a diverse set of AI workloads for its clients, particularly deep learning training, and the creation of data frames, at 3x the level of an A100 40GB GPU. One can combine the A100 GPU with Oracle’s innate low latency cluster networks and you get a landscape where enterprise clients could potentially host around 500GPUs in a cluster. The “pace” and “scale” at which this mammoth data is harnessed and made sense of (how best can we address gaps in the market, how can we speed up product development, etc.) will likely make this one of the most glimmering partnerships in the industry.</p><p><img src=\"https://static.tigerbbs.com/998a86b67eade99a5ece0dc7df4cf263\" tg-width=\"640\" tg-height=\"598\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>NVIDIA Website</p><p>I also feel this partnership with ORCL could more than negate the adverse impact of the recent geopolitical events, although, given the paucity of publicly disclosed numbers, one can’t be too certain of a definitive contract figure.</p><p>For instance, we don’t know the mix of A100 and H100 GPUs this Oracle partnership calls for; to be conservative, I’m considering only the A100 Tensor Core 80GB GPU which is priced at $13,999 as per public data (the H100 which could typically facilitate AI training at 9x the speed of an A100 GPU, will no doubt be priced at much superior rates). Then, “tens of thousands” could be any number from 10000 units to 99000 units, but assuming the A100 80GB GPU pricing, you’re looking at a potential boost of anything from $140m to $1400m. This is also unlikely to be limited to just hardware. There could also be a few additional millions linked to enterprise support work designed to make the AI software run more efficiently, across the subscription period, which could extend for a few years. We&#39;d have to wait for more clarity for the nuances of this deal, and one may likely get it on the 16th of November when they announceQ3results.</p><p><b>Closing Thoughts- Is NVDA Stock A Buy, Sell, or Hold?</b></p><p>After gauging some of the other sub-plots related to the NVIDIA story, it’s fair to say that we’re looking at a rather mixed picture.</p><p>After giving up close to two-thirds of its value from lifetime highs, the forward valuations for NVDA&#39;s stock certainly look a lot more palatable. We know that the FY Jan 2023numberswill likely be nothing to write home about, with flattish revenue growth (roughly $27bn yet again) and a 24% decline in the EPS YoY.</p><p>For the FY Jan 2024 though, the narrative is likely to perk up, with expected revenue of $31.3bn and an EPS of $4.47; this would translate into a forward P/E of roughly 29x, which I believe is quite a steal when you consider that the 5-year average is a lot higher at52x! The current multiple also puts it a lot closer to the lower end of the 5-year forward P/E band of 25-99x.</p><p><img src=\"https://static.tigerbbs.com/d46f823f616774134a1d1a57a341e959\" tg-width=\"640\" tg-height=\"245\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>YCharts</p><p>The attractive valuation backdrop can be further substantiated by the level of earnings growth you’re getting at this multiple. An expected EPS of $4.47 translates to 33% bottom line growth, and with a P/E of just 29x, you’re staring at a forward PEG ratio of less than 1x! This feels criminally low for an enterprise which is at the forefront of bringing through critical next-generation tech. I remain doubtful if we will see too many instances where NVDA’s forward P/E is lower than the earnings growth on offer (just for some additional context the 5-year PEG average is above8x).</p><p>When I shift focus to NVIDIA’s weekly chart, there’s no evidence yet of a reversal from the downtrend that has been in play for close to a year. But, if you’re looking for green shoots, there’s decent probability that the stock attempts to build some sort of floor around the current levels, as it coincides with the congestion zone of $120-$160, last seen during August 2020-May 2021. Even if you’re bearish about NVIDIA’s prospects over the long-run, and think the descending channel pattern could continue to persist, the stock still offers decent risk-reward at current levels, as it is a long way from the upper boundary of the descending channel.</p><p><img src=\"https://static.tigerbbs.com/3bdbfeb274e7ac0d1691c9c38a222901\" tg-width=\"640\" tg-height=\"304\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Investing</p><p>Having said that, I suspect, for the stock to make big moves on the upside you would need the spending power of the institutional cohort; but so far, they’ve shown little inclination to get on board. In fact, the latest data shows that these guys continue to bail on the stock, with the aggregate shares owned by them, declining for yet another month, to $2.579bn.</p><p><img src=\"https://static.tigerbbs.com/0c41d8d212f6ff24660fe36147fc3a7f\" tg-width=\"640\" tg-height=\"239\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>YCharts</p><p>Besides, based solely on the relative strength ratio of the NVIDIA stock and other options in the semi space, it doesn’t look like the former will be a prime rotational candidate; as you can see from the image below, despite correction from the +1 levels, the current RS ratio of NVDA and the VanEck Semiconductor ETF (SMH) is still above the mid-point (0.55x) of the long-term range.</p><p><img src=\"https://static.tigerbbs.com/1a844d2391e727795028c14003148672\" tg-width=\"640\" tg-height=\"277\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Stockcharts</p><p>A similar takeaway can be gleaned from the image below which measures NVDA’s strength vs its peers from the robotic and AI space as represented by the Global X Robotics and AI ETF (BOTZ).</p><p><img src=\"https://static.tigerbbs.com/554e89baac0ca64e463574c05c60fbaa\" tg-width=\"640\" tg-height=\"278\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Stockcharts</p><p>To conclude, the NVDA stock is a HOLD.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs Nvidia And Oracle's Partnership Expansion Good For Business Outlook?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-30 11:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4550012-is-nvidia-oracle-partnership-expansion-good-for-outlook><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryNVDA’s partnership with OCI could help negate the adverse developments that have cropped up due to geopolitical risks.NVDA’s powerful AI-ready infrastructure feels like a good fit to harness ...</p>\n\n<a href=\"https://seekingalpha.com/article/4550012-is-nvidia-oracle-partnership-expansion-good-for-outlook\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ORCL":"甲骨文","NVDA":"英伟达"},"source_url":"https://seekingalpha.com/article/4550012-is-nvidia-oracle-partnership-expansion-good-for-outlook","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1144002858","content_text":"SummaryNVDA’s partnership with OCI could help negate the adverse developments that have cropped up due to geopolitical risks.NVDA’s powerful AI-ready infrastructure feels like a good fit to harness Oracle’s deep data repositories.NVDA’s forward valuations look attractive and the risk-reward on the weekly chart does not look too bad.However, institutions still continue to shun the stock, and it does not look like it will be an apt rotation candidate for those fishing in the semiconductor or AI arenas.IntroductionNVIDIA Corporation (NASDAQ: NVDA), a trailblazer in accelerated computing reports under five divisions. Over the years, the Data Center segment has grown to become a vital fulcrum of the overall story. In Q2, this division contributed $3.8bn of revenue (that is more than any other division), accounting for 57% of NVDA’s overall topline.When things were moving along quite smoothly here, it was rather dispiriting to note that the company had become a victim of geopolitical tensions between China and the US; in late August/early September, the US government imposed new license requirements which would hinder the ability of NVIDIA to export its A100 and upcoming H100 GPUs without much encumbrances. NVDA is now in the process of working out alternative solutions to mitigate this impact, but the initial reading is that this development could prove to impact revenues to the tune of $400 mper quarter. That would imply a roughly 11% impact on the data center business which is certainly not ideal, particularly when the other large division- gaming, continues to slow down every quarter.The Implications Of The Nvidia and Oracle PartnershipWhilst NVIDIA continues to figure out the best course of action for the Chinese market going forward, it was heartening to read about another development a few days back- the expansion of an ongoing multiyear alliance with Oracle(ORCL), which is designed to enhance Oracle Cloud Infrastructure’s (OCI) positioning with its enterprise clients (these clients will now have access to all of NVDA’s AI platforms). Needless to say, this will also provide added visibility for NVIDIA’s AI, which can only be good for further and rapid adoption from other parties.As part of the“multi-year” deal, OCI will be adding“tens of thousands more NVIDIA GPUs, including the A100 and upcoming H100”.I believe this could be a very symbiotic connection for both entities; we know that ORCL’s databases attract a plethora of companies that use them to store chunks and chunks of raw enterprise data. But just having the data isn’t enough; you need the requisite AI-ready infrastructure, and there are not too many companies that can offer what NVDA does.Leave aside the H100 for now, which is still in the works, but using the A100 80GB GPU, OCI could cater to a diverse set of AI workloads for its clients, particularly deep learning training, and the creation of data frames, at 3x the level of an A100 40GB GPU. One can combine the A100 GPU with Oracle’s innate low latency cluster networks and you get a landscape where enterprise clients could potentially host around 500GPUs in a cluster. The “pace” and “scale” at which this mammoth data is harnessed and made sense of (how best can we address gaps in the market, how can we speed up product development, etc.) will likely make this one of the most glimmering partnerships in the industry.NVIDIA WebsiteI also feel this partnership with ORCL could more than negate the adverse impact of the recent geopolitical events, although, given the paucity of publicly disclosed numbers, one can’t be too certain of a definitive contract figure.For instance, we don’t know the mix of A100 and H100 GPUs this Oracle partnership calls for; to be conservative, I’m considering only the A100 Tensor Core 80GB GPU which is priced at $13,999 as per public data (the H100 which could typically facilitate AI training at 9x the speed of an A100 GPU, will no doubt be priced at much superior rates). Then, “tens of thousands” could be any number from 10000 units to 99000 units, but assuming the A100 80GB GPU pricing, you’re looking at a potential boost of anything from $140m to $1400m. This is also unlikely to be limited to just hardware. There could also be a few additional millions linked to enterprise support work designed to make the AI software run more efficiently, across the subscription period, which could extend for a few years. We'd have to wait for more clarity for the nuances of this deal, and one may likely get it on the 16th of November when they announceQ3results.Closing Thoughts- Is NVDA Stock A Buy, Sell, or Hold?After gauging some of the other sub-plots related to the NVIDIA story, it’s fair to say that we’re looking at a rather mixed picture.After giving up close to two-thirds of its value from lifetime highs, the forward valuations for NVDA's stock certainly look a lot more palatable. We know that the FY Jan 2023numberswill likely be nothing to write home about, with flattish revenue growth (roughly $27bn yet again) and a 24% decline in the EPS YoY.For the FY Jan 2024 though, the narrative is likely to perk up, with expected revenue of $31.3bn and an EPS of $4.47; this would translate into a forward P/E of roughly 29x, which I believe is quite a steal when you consider that the 5-year average is a lot higher at52x! The current multiple also puts it a lot closer to the lower end of the 5-year forward P/E band of 25-99x.YChartsThe attractive valuation backdrop can be further substantiated by the level of earnings growth you’re getting at this multiple. An expected EPS of $4.47 translates to 33% bottom line growth, and with a P/E of just 29x, you’re staring at a forward PEG ratio of less than 1x! This feels criminally low for an enterprise which is at the forefront of bringing through critical next-generation tech. I remain doubtful if we will see too many instances where NVDA’s forward P/E is lower than the earnings growth on offer (just for some additional context the 5-year PEG average is above8x).When I shift focus to NVIDIA’s weekly chart, there’s no evidence yet of a reversal from the downtrend that has been in play for close to a year. But, if you’re looking for green shoots, there’s decent probability that the stock attempts to build some sort of floor around the current levels, as it coincides with the congestion zone of $120-$160, last seen during August 2020-May 2021. Even if you’re bearish about NVIDIA’s prospects over the long-run, and think the descending channel pattern could continue to persist, the stock still offers decent risk-reward at current levels, as it is a long way from the upper boundary of the descending channel.InvestingHaving said that, I suspect, for the stock to make big moves on the upside you would need the spending power of the institutional cohort; but so far, they’ve shown little inclination to get on board. In fact, the latest data shows that these guys continue to bail on the stock, with the aggregate shares owned by them, declining for yet another month, to $2.579bn.YChartsBesides, based solely on the relative strength ratio of the NVIDIA stock and other options in the semi space, it doesn’t look like the former will be a prime rotational candidate; as you can see from the image below, despite correction from the +1 levels, the current RS ratio of NVDA and the VanEck Semiconductor ETF (SMH) is still above the mid-point (0.55x) of the long-term range.StockchartsA similar takeaway can be gleaned from the image below which measures NVDA’s strength vs its peers from the robotic and AI space as represented by the Global X Robotics and AI ETF (BOTZ).StockchartsTo conclude, the NVDA stock is a HOLD.","news_type":1},"isVote":1,"tweetType":1,"viewCount":425,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9981046114,"gmtCreate":1666357873938,"gmtModify":1676537746287,"author":{"id":"3573986430688942","authorId":"3573986430688942","name":"themonkey","avatar":"https://static.tigerbbs.com/573a67d390101884216129f5c49fe8a0","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9981046114","repostId":"9916131726","repostType":1,"repost":{"id":9916131726,"gmtCreate":1664529011565,"gmtModify":1676537472486,"author":{"id":"9000000000000486","authorId":"9000000000000486","name":"MayGodwin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0},"themes":[],"htmlText":"Google has a 128 billion dollar cash hoard , the most of any company.With interest rates soaring , Google can put that in a 12 month treasury and earn FIVE BILLION just in interest.That will offset a significant part of their anticipated lower earnings.How come no one factors this in?<a href=\"https://laohu8.com/S/GOOG\">$Alphabet(GOOG)$</a>","listText":"Google has a 128 billion dollar cash hoard , the most of any company.With interest rates soaring , Google can put that in a 12 month treasury and earn FIVE BILLION just in interest.That will offset a significant part of their anticipated lower earnings.How come no one factors this in?<a href=\"https://laohu8.com/S/GOOG\">$Alphabet(GOOG)$</a>","text":"Google has a 128 billion dollar cash hoard , the most of any company.With interest rates soaring , Google can put that in a 12 month treasury and earn FIVE BILLION just in interest.That will offset a significant part of their anticipated lower earnings.How come no one factors this in?$Alphabet(GOOG)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9916131726","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":322,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9989737180,"gmtCreate":1666081936840,"gmtModify":1676537702985,"author":{"id":"3573986430688942","authorId":"3573986430688942","name":"themonkey","avatar":"https://static.tigerbbs.com/573a67d390101884216129f5c49fe8a0","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SOXL\">$Semiconductor Bull 3X Shares(SOXL)$</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/SOXL\">$Semiconductor Bull 3X Shares(SOXL)$</a><v-v data-views=\"1\"></v-v>","text":"$Semiconductor Bull 3X Shares(SOXL)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9989737180","isVote":1,"tweetType":1,"viewCount":377,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9989967683,"gmtCreate":1665888325242,"gmtModify":1676537675809,"author":{"id":"3573986430688942","authorId":"3573986430688942","name":"themonkey","avatar":"https://static.tigerbbs.com/573a67d390101884216129f5c49fe8a0","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SOXL\">$Semiconductor Bull 3X Shares(SOXL)$</a><v-v data-views=\"0\"></v-v>","listText":"<a href=\"https://ttm.financial/S/SOXL\">$Semiconductor Bull 3X Shares(SOXL)$</a><v-v data-views=\"0\"></v-v>","text":"$Semiconductor Bull 3X Shares(SOXL)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9989967683","isVote":1,"tweetType":1,"viewCount":334,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9914863709,"gmtCreate":1665236672701,"gmtModify":1676537576816,"author":{"id":"3573986430688942","authorId":"3573986430688942","name":"themonkey","avatar":"https://static.tigerbbs.com/573a67d390101884216129f5c49fe8a0","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"ok//<a href=\"https://laohu8.com/U/3581993357014262\">@Slee49</a>: OK","listText":"ok//<a href=\"https://laohu8.com/U/3581993357014262\">@Slee49</a>: OK","text":"ok//@Slee49: OK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9914863709","repostId":"2273833362","repostType":4,"repost":{"id":"2273833362","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1665186683,"share":"https://www.laohu8.com/m/news/2273833362?lang=&edition=full","pubTime":"2022-10-08 07:51","market":"us","language":"en","title":"Twitter-Elon Musk Deal Has Offered Investors Several Big Opportunities","url":"https://stock-news.laohu8.com/highlight/detail?id=2273833362","media":"Dow Jones","summary":"A host of investors bet  on Twitter stock as the shares fell after Elon Musk pulled away from his in","content":"<html><head></head><body><p>A host of investors bet  on Twitter stock as the shares fell after Elon Musk pulled away from his initial offer to buy the social media giant. Why? Record profits stood to be made.</p><p>The outcome of the deal remains in doubt, even after Mr. Musk&#39;s surprising proposal earlier this week  to close it as originally approved after months trying to step away. Some investors have already cashed in.</p><p>But the opportunity for those willing to bet Twitter might get the full price after all was massive, according to Morgan Ricks, a Vanderbilt Law School professor who specializes in financial regulation:</p><p>-- Should the Twitter-Musk saga end with a buyout at the proposed price, $54.20, according to Mr. Ricks, it&#39;ll mark the second-biggest arbitrage opportunity for a cash buyout of at least $1 billion since at least 1996.</p><p>&#34;Prior to Tuesday, the market had been pricing in a roughly 50/50 chance of the deal going through,&#34; Mr. Ricks said.</p><p>At one point, the difference between Twitter&#39;s stock price and Mr. Musk&#39;s original offer was 66%, below the 76% record set by Blackstone Group&#39;s 2019 purchase of Tallgrass Energy.</p><p>The cost of that deal, however, was roughly $3.5 billion, far from the potential $44 billion bill for Twitter.</p><p><img src=\"https://static.tigerbbs.com/88d2b85b17b20c85bf1c251838939843\" tg-width=\"704\" tg-height=\"718\" width=\"100%\" height=\"auto\"/></p><p>Investors like Carl Icahn, Daniel Loeb&#39;s Third Point LLC, and D.E. Shaw Group have already profited from wagers on Twitter shares], which give the right to purchase shares at a specific price by a certain date. Some investors took a third route: convertible-bond arbitrage.</p><p>Doug Fincher, a portfolio manager at $3.8 billion hedge fund group Ionic Capital Management, said his fund bought Twitter&#39;s low-yielding convertible bonds, which could be changed into stock if Musk&#39;s deal went through.</p><p>-- Ionic&#39;s trade bet that the price of a bond expiring in 2026 would increase from the the mid-$80s, where it sat in April after cracks emerged in the likelihood of closure, to near $100 should the deal complete. Mr. Fincher said his firm sold its bonds when the price hit $98 on Tuesday after reports that Musk was willing to purchase the company at the original price.</p><p><img src=\"https://static.tigerbbs.com/d541f8ec5d15576cd58bb03b82751d0e\" tg-width=\"853\" tg-height=\"656\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Twitter-Elon Musk Deal Has Offered Investors Several Big Opportunities</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\">\nTwitter-Elon Musk Deal Has Offered Investors Several Big Opportunities\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-10-08 07:51</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>A host of investors bet  on Twitter stock as the shares fell after Elon Musk pulled away from his initial offer to buy the social media giant. Why? Record profits stood to be made.</p><p>The outcome of the deal remains in doubt, even after Mr. Musk&#39;s surprising proposal earlier this week  to close it as originally approved after months trying to step away. Some investors have already cashed in.</p><p>But the opportunity for those willing to bet Twitter might get the full price after all was massive, according to Morgan Ricks, a Vanderbilt Law School professor who specializes in financial regulation:</p><p>-- Should the Twitter-Musk saga end with a buyout at the proposed price, $54.20, according to Mr. Ricks, it&#39;ll mark the second-biggest arbitrage opportunity for a cash buyout of at least $1 billion since at least 1996.</p><p>&#34;Prior to Tuesday, the market had been pricing in a roughly 50/50 chance of the deal going through,&#34; Mr. Ricks said.</p><p>At one point, the difference between Twitter&#39;s stock price and Mr. Musk&#39;s original offer was 66%, below the 76% record set by Blackstone Group&#39;s 2019 purchase of Tallgrass Energy.</p><p>The cost of that deal, however, was roughly $3.5 billion, far from the potential $44 billion bill for Twitter.</p><p><img src=\"https://static.tigerbbs.com/88d2b85b17b20c85bf1c251838939843\" tg-width=\"704\" tg-height=\"718\" width=\"100%\" height=\"auto\"/></p><p>Investors like Carl Icahn, Daniel Loeb&#39;s Third Point LLC, and D.E. Shaw Group have already profited from wagers on Twitter shares], which give the right to purchase shares at a specific price by a certain date. Some investors took a third route: convertible-bond arbitrage.</p><p>Doug Fincher, a portfolio manager at $3.8 billion hedge fund group Ionic Capital Management, said his fund bought Twitter&#39;s low-yielding convertible bonds, which could be changed into stock if Musk&#39;s deal went through.</p><p>-- Ionic&#39;s trade bet that the price of a bond expiring in 2026 would increase from the the mid-$80s, where it sat in April after cracks emerged in the likelihood of closure, to near $100 should the deal complete. Mr. Fincher said his firm sold its bonds when the price hit $98 on Tuesday after reports that Musk was willing to purchase the company at the original price.</p><p><img src=\"https://static.tigerbbs.com/d541f8ec5d15576cd58bb03b82751d0e\" tg-width=\"853\" tg-height=\"656\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ISBC":"投资者银行","BK4581":"高盛持仓","BK4511":"特斯拉概念","BK4099":"汽车制造商","BK4548":"巴美列捷福持仓","TWTR":"Twitter","BK4516":"特朗普概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4555":"新能源车","TSLA":"特斯拉","QNETCN":"纳斯达克中美互联网老虎指数","BK4211":"区域性银行","BK4508":"社交媒体","BK4527":"明星科技股","BK4077":"互动媒体与服务","BK4579":"人工智能","BK4550":"红杉资本持仓","BK4551":"寇图资本持仓","BK4574":"无人驾驶"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2273833362","content_text":"A host of investors bet  on Twitter stock as the shares fell after Elon Musk pulled away from his initial offer to buy the social media giant. Why? Record profits stood to be made.The outcome of the deal remains in doubt, even after Mr. Musk's surprising proposal earlier this week  to close it as originally approved after months trying to step away. Some investors have already cashed in.But the opportunity for those willing to bet Twitter might get the full price after all was massive, according to Morgan Ricks, a Vanderbilt Law School professor who specializes in financial regulation:-- Should the Twitter-Musk saga end with a buyout at the proposed price, $54.20, according to Mr. Ricks, it'll mark the second-biggest arbitrage opportunity for a cash buyout of at least $1 billion since at least 1996.\"Prior to Tuesday, the market had been pricing in a roughly 50/50 chance of the deal going through,\" Mr. Ricks said.At one point, the difference between Twitter's stock price and Mr. Musk's original offer was 66%, below the 76% record set by Blackstone Group's 2019 purchase of Tallgrass Energy.The cost of that deal, however, was roughly $3.5 billion, far from the potential $44 billion bill for Twitter.Investors like Carl Icahn, Daniel Loeb's Third Point LLC, and D.E. Shaw Group have already profited from wagers on Twitter shares], which give the right to purchase shares at a specific price by a certain date. Some investors took a third route: convertible-bond arbitrage.Doug Fincher, a portfolio manager at $3.8 billion hedge fund group Ionic Capital Management, said his fund bought Twitter's low-yielding convertible bonds, which could be changed into stock if Musk's deal went through.-- Ionic's trade bet that the price of a bond expiring in 2026 would increase from the the mid-$80s, where it sat in April after cracks emerged in the likelihood of closure, to near $100 should the deal complete. Mr. Fincher said his firm sold its bonds when the price hit $98 on Tuesday after reports that Musk was willing to purchase the company at the original price.","news_type":1},"isVote":1,"tweetType":1,"viewCount":226,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9911087458,"gmtCreate":1664088144174,"gmtModify":1676537389341,"author":{"id":"3573986430688942","authorId":"3573986430688942","name":"themonkey","avatar":"https://static.tigerbbs.com/573a67d390101884216129f5c49fe8a0","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9911087458","repostId":"2269457478","repostType":4,"repost":{"id":"2269457478","pubTimestamp":1664064520,"share":"https://www.laohu8.com/m/news/2269457478?lang=&edition=full","pubTime":"2022-09-25 08:08","market":"us","language":"en","title":"Catalyst Watch: Tesla AI Day, Amazon Product Event, JetBlue Trial and Nike Earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=2269457478","media":"seekingalpha","summary":"Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events tha","content":"<html><head></head><body><p>Welcome to Seeking Alpha&#39;s Catalyst Watch - a breakdown of some of next week&#39;s actionable events that stand out. Check out Saturday morning&#39;s regular Stocks to Watch article for a full list of events planned for the week or the Seeking Alpha earnings calendar for companies due to report.</p><p><b>Monday - September 26</b></p><ul><li><b>Volatility watch -</b> Options trading volume is high on American Virtual Cloud Technologies (AVCT) and Relmada Therapeutics (RLMD). Short interest remains at a high level on Shift Technologies (SFT) and Upstart Holdings (UPST). Social media interest has moved higher on Ryder (R) and <a href=\"https://laohu8.com/S/V\">Visa</a> (V).</li><li><b>All week -</b> The conference schedule includes the Cantor Fitzgerald Oncology &amp; HemOnc Conference, the Lytham Partners Fall 2022 Investor Conference, the Guggenheim Nantucket Therapeutics Conference, the TD Securities Paper and Forest Products Conference, the Ladenburg Thalmann Healthcare Conference, and the B. Riley 2nd Annual Crypto Conference.</li><li><b>All day -</b> Twitter (TWTR) will depose Elon Musk as part of the litigation on the acquisition deal. The social media company has called some of Elon Musk&#39;s claims &#34;factually inaccurate, legally insufficient and commercially irrelevant.&#34;</li><li><b>All day -</b> Grab (GRAB) will hold an investor day that will include a presentation from the management team on the company’s updated business plan.</li><li><b>All day -</b> Federal Reserve speakers include Boston Fed’s Susan Collins, Atlanta Fed&#39;s Raphael Bostic, Dallas Fed&#39;s Lorie Logan, and Cleveland Fed&#39;s Loretta Mester.</li></ul><p><b>Tuesday - September 27</b></p><ul><li><b>All day</b> - Intel (INTC) will holds its annual innovation conference. Intel Innovation 2022 will include a keynote address by CEO Pat Gelsinger and updates on the 13th Gen Intel Core series. Shares of Intel are down 48% YTD.</li><li><b>All day</b> - A key trial in the airline industry begins with the Department of Justice trying to stop an alliance in the northeast between American Airlines (AAL) and JetBlue Airways (JBLU) that it maintains will lead to reduced competition. The direction of the trial could impact the JetBlue acquisition of <a href=\"https://laohu8.com/S/SAVE\">Spirit Airlines</a> (SAVE) as well.</li><li><b>All day</b> - <a href=\"https://laohu8.com/S/PATH\">UiPath</a> (PATH) will hold its Investor Day featuring a series of presentations that will focus on the company’s strategic priorities, key growth initiatives, and financials. Shares of UiPath have rallied after similar events in the past.</li><li><b>7:30 a.m.</b> Chairman Jerome Powell takes part in a panel on digital currencies.</li><li><b>2:00 p.m. </b>Jefferies&#39; hosts a ESG event covering the beauty industry with executives from e.l.f. Beauty (ELF).</li></ul><p><b>Wednesday - September 28</b></p><ul><li><b>All day</b> - Amazon (AMZN) will hold an event to announce new devices, features, and services. The product event could include new Echo devices, as well products from the Ring and Blink subsidiaries.</li><li><b>All day</b> - <a href=\"https://laohu8.com/S/AUR\">Aurora Innovation</a> (AUR) will host a key investor event. The company plans to provide a deep dive into its Aurora Horizon roadmap to launch.</li><li><b>All day</b> - VF Corp (VFC) will hold its first investor day in over three years. UBS thinks the apparel company will warn on sales and profit challenges in the near term due to macro headwinds, while also outlining a &#34;compelling&#34; long term plan.</li><li><b>All day</b> - TotalEnergies SE (TTE), Roivant (ROIV), The Timken Company (TKR), and <a href=\"https://laohu8.com/S/STEM\">Stem Inc.</a> (STEM) also have investor events that could lead to share price jolts if guidance is updated.</li><li><b>All day</b> - CNBC will hold its Delivering Alpha Conference. A session titled The Next Big Short with speakers Carson <a href=\"https://laohu8.com/S/SQ\">Block</a> from Muddy Waters and Jim Chanos could create a stir.</li></ul><p><b>Thursday - September 29</b></p><ul><li><b>All day -</b> Brookfield listed affiliates (BBU) (BEP) (BEPC) (BIP) (BIPC) will hold separate investor day events. Other companies scheduled to hold investor day events include Vulcan Materials (VMC), Westaim Corp. (OTCPK:WEDXF), Park Lawn Corporation (OTCPK:PRRWF), and Intuit (INTU).</li><li><b>All day -</b> Watch Amylyx Pharmaceuticals (AMLX) with the FDA extended the review timeline of the New Drug Application for AMX0035 and taurursodiol expiring. The FDA extended the PDUFA date to allow more time to review additional analyses of data from the company&#39;s clinical studies. Shares of Amylyx Pharmaceuticals have rallied in the past off AMX0035 developments.</li><li><b>8:15 a.m.</b> Bed Bath &amp; Beyond (BBBY) will be in focus as it holds its post-earnings conference call. Investors will be lasered in to see if BBBY management discusses the need for an additional capital raise. Also look for a key updates on expectations for the holiday season with a high level of inventory in the retail industry. Options trading on BBBY is implying a 20% share price move after the report drops. Bed, Bath &amp; Beyond fell 24% the last time it reported earnings.</li><li><b>4:15 p.m. </b>Nike (NKE) will report earnings and hold its conference call with top execs. Options trading is implying a move of 8% after earnings are released. Skechers (SKX) and Under Armour (UAA) are the two footwears stocks that have the highest trading correlation with Nike around earnings day.</li></ul><p><b>Friday - September 30</b></p><ul><li><b>All day</b> - Tesla (TSLA) will hold its long-awaited AI Day event in Palo Alto, California. The buzz is that Elon Musk and team will have an operational Optimus prototype to show off. That could reset expectations on the value of a Tesla Bot business and highlight that the Austin-based company is a tech player as much as an automaker. Analysts think creating a working prototype will move the company up a few notches if a production date for the first version of Tesla Bot is seen as being closer. Earlier in the summer, Elon Musk said that AI Day #2 will be epic.</li><li><b>All day</b> - Astria Therapeutics (ATXS) will host a virtual R&amp;D Day titled &#34;Update on STAR-0215 and Its Clinical Development for the Prevention of HAE Attacks.&#34;</li><li><b>All day</b> - Li Auto (LI) will host a launch event to unveil Li L8, the Chinese automaker&#39;s six-seat, large premium smart SUV. The Li L8 will arrive at retail stores nationwide during the National Day holiday in China and will commence delivery in early November.</li><li><b>All day</b> - Federal Reserve Bank presidents Lael Brainard and John Williams will both speak at a Fed conference on financial stability.</li></ul></body></html>","source":"seekingalpha","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>Catalyst Watch: Tesla AI Day, Amazon Product Event, JetBlue Trial and Nike Earnings</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\">\nCatalyst Watch: Tesla AI Day, Amazon Product Event, JetBlue Trial and Nike Earnings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-25 08:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3885659-catalyst-watch-tesla-ai-day-amazon-product-event-and-nike-earnings><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Check out Saturday morning's regular Stocks to Watch article for a full list of events ...</p>\n\n<a href=\"https://seekingalpha.com/news/3885659-catalyst-watch-tesla-ai-day-amazon-product-event-and-nike-earnings\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","AMZN":"亚马逊","NKE":"耐克"},"source_url":"https://seekingalpha.com/news/3885659-catalyst-watch-tesla-ai-day-amazon-product-event-and-nike-earnings","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2269457478","content_text":"Welcome to Seeking Alpha's Catalyst Watch - a breakdown of some of next week's actionable events that stand out. Check out Saturday morning's regular Stocks to Watch article for a full list of events planned for the week or the Seeking Alpha earnings calendar for companies due to report.Monday - September 26Volatility watch - Options trading volume is high on American Virtual Cloud Technologies (AVCT) and Relmada Therapeutics (RLMD). Short interest remains at a high level on Shift Technologies (SFT) and Upstart Holdings (UPST). Social media interest has moved higher on Ryder (R) and Visa (V).All week - The conference schedule includes the Cantor Fitzgerald Oncology & HemOnc Conference, the Lytham Partners Fall 2022 Investor Conference, the Guggenheim Nantucket Therapeutics Conference, the TD Securities Paper and Forest Products Conference, the Ladenburg Thalmann Healthcare Conference, and the B. Riley 2nd Annual Crypto Conference.All day - Twitter (TWTR) will depose Elon Musk as part of the litigation on the acquisition deal. The social media company has called some of Elon Musk's claims \"factually inaccurate, legally insufficient and commercially irrelevant.\"All day - Grab (GRAB) will hold an investor day that will include a presentation from the management team on the company’s updated business plan.All day - Federal Reserve speakers include Boston Fed’s Susan Collins, Atlanta Fed's Raphael Bostic, Dallas Fed's Lorie Logan, and Cleveland Fed's Loretta Mester.Tuesday - September 27All day - Intel (INTC) will holds its annual innovation conference. Intel Innovation 2022 will include a keynote address by CEO Pat Gelsinger and updates on the 13th Gen Intel Core series. Shares of Intel are down 48% YTD.All day - A key trial in the airline industry begins with the Department of Justice trying to stop an alliance in the northeast between American Airlines (AAL) and JetBlue Airways (JBLU) that it maintains will lead to reduced competition. The direction of the trial could impact the JetBlue acquisition of Spirit Airlines (SAVE) as well.All day - UiPath (PATH) will hold its Investor Day featuring a series of presentations that will focus on the company’s strategic priorities, key growth initiatives, and financials. Shares of UiPath have rallied after similar events in the past.7:30 a.m. Chairman Jerome Powell takes part in a panel on digital currencies.2:00 p.m. Jefferies' hosts a ESG event covering the beauty industry with executives from e.l.f. Beauty (ELF).Wednesday - September 28All day - Amazon (AMZN) will hold an event to announce new devices, features, and services. The product event could include new Echo devices, as well products from the Ring and Blink subsidiaries.All day - Aurora Innovation (AUR) will host a key investor event. The company plans to provide a deep dive into its Aurora Horizon roadmap to launch.All day - VF Corp (VFC) will hold its first investor day in over three years. UBS thinks the apparel company will warn on sales and profit challenges in the near term due to macro headwinds, while also outlining a \"compelling\" long term plan.All day - TotalEnergies SE (TTE), Roivant (ROIV), The Timken Company (TKR), and Stem Inc. (STEM) also have investor events that could lead to share price jolts if guidance is updated.All day - CNBC will hold its Delivering Alpha Conference. A session titled The Next Big Short with speakers Carson Block from Muddy Waters and Jim Chanos could create a stir.Thursday - September 29All day - Brookfield listed affiliates (BBU) (BEP) (BEPC) (BIP) (BIPC) will hold separate investor day events. Other companies scheduled to hold investor day events include Vulcan Materials (VMC), Westaim Corp. (OTCPK:WEDXF), Park Lawn Corporation (OTCPK:PRRWF), and Intuit (INTU).All day - Watch Amylyx Pharmaceuticals (AMLX) with the FDA extended the review timeline of the New Drug Application for AMX0035 and taurursodiol expiring. The FDA extended the PDUFA date to allow more time to review additional analyses of data from the company's clinical studies. Shares of Amylyx Pharmaceuticals have rallied in the past off AMX0035 developments.8:15 a.m. Bed Bath & Beyond (BBBY) will be in focus as it holds its post-earnings conference call. Investors will be lasered in to see if BBBY management discusses the need for an additional capital raise. Also look for a key updates on expectations for the holiday season with a high level of inventory in the retail industry. Options trading on BBBY is implying a 20% share price move after the report drops. Bed, Bath & Beyond fell 24% the last time it reported earnings.4:15 p.m. Nike (NKE) will report earnings and hold its conference call with top execs. Options trading is implying a move of 8% after earnings are released. Skechers (SKX) and Under Armour (UAA) are the two footwears stocks that have the highest trading correlation with Nike around earnings day.Friday - September 30All day - Tesla (TSLA) will hold its long-awaited AI Day event in Palo Alto, California. The buzz is that Elon Musk and team will have an operational Optimus prototype to show off. That could reset expectations on the value of a Tesla Bot business and highlight that the Austin-based company is a tech player as much as an automaker. Analysts think creating a working prototype will move the company up a few notches if a production date for the first version of Tesla Bot is seen as being closer. Earlier in the summer, Elon Musk said that AI Day #2 will be epic.All day - Astria Therapeutics (ATXS) will host a virtual R&D Day titled \"Update on STAR-0215 and Its Clinical Development for the Prevention of HAE Attacks.\"All day - Li Auto (LI) will host a launch event to unveil Li L8, the Chinese automaker's six-seat, large premium smart SUV. The Li L8 will arrive at retail stores nationwide during the National Day holiday in China and will commence delivery in early November.All day - Federal Reserve Bank presidents Lael Brainard and John Williams will both speak at a Fed conference on financial stability.","news_type":1},"isVote":1,"tweetType":1,"viewCount":208,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9913008685,"gmtCreate":1663886005148,"gmtModify":1676537354205,"author":{"id":"3573986430688942","authorId":"3573986430688942","name":"themonkey","avatar":"https://static.tigerbbs.com/573a67d390101884216129f5c49fe8a0","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9913008685","repostId":"1185397272","repostType":2,"repost":{"id":"1185397272","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1663860302,"share":"https://www.laohu8.com/m/news/1185397272?lang=&edition=full","pubTime":"2022-09-22 23:25","market":"us","language":"en","title":"U.S. Stocks Extended Their Losses in Morning Trading; Dow Jones Slid Over 0.5% While S&P 500 and Nasdaq Crashed Over 1%","url":"https://stock-news.laohu8.com/highlight/detail?id=1185397272","media":"Tiger Newspress","summary":"U.S. stocks extended their losses in morning trading; Dow Jones slid 0.59%, S&P 500 fell 1.04% while","content":"<html><head></head><body><p>U.S. stocks extended their losses in morning trading; Dow Jones slid 0.59%, S&amp;P 500 fell 1.04% while Nasdaq crashed 1.71%.<img src=\"https://static.tigerbbs.com/fdb05c130c8f4028885c857de1fbd356\" tg-width=\"627\" tg-height=\"118\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Stocks Extended Their Losses in Morning Trading; Dow Jones Slid Over 0.5% While S&P 500 and Nasdaq Crashed Over 1%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Stocks Extended Their Losses in Morning Trading; Dow Jones Slid Over 0.5% While S&P 500 and Nasdaq Crashed Over 1%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-09-22 23:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stocks extended their losses in morning trading; Dow Jones slid 0.59%, S&amp;P 500 fell 1.04% while Nasdaq crashed 1.71%.<img src=\"https://static.tigerbbs.com/fdb05c130c8f4028885c857de1fbd356\" tg-width=\"627\" tg-height=\"118\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185397272","content_text":"U.S. stocks extended their losses in morning trading; Dow Jones slid 0.59%, S&P 500 fell 1.04% while Nasdaq crashed 1.71%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":192,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9919678651,"gmtCreate":1663804514273,"gmtModify":1676537338496,"author":{"id":"3573986430688942","authorId":"3573986430688942","name":"themonkey","avatar":"https://static.tigerbbs.com/573a67d390101884216129f5c49fe8a0","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9919678651","repostId":"2269969281","repostType":2,"repost":{"id":"2269969281","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":1663800880,"share":"https://www.laohu8.com/m/news/2269969281?lang=&edition=full","pubTime":"2022-09-22 06:54","market":"us","language":"en","title":"US STOCKS-Wall Street Slumps As Investors Absorb Hawkish Fed Rate Message","url":"https://stock-news.laohu8.com/highlight/detail?id=2269969281","media":"Reuters","summary":"* Fed raises rates by 75 bps to 3-3.25% range* Terminal rate seen hitting 4.6% in 2023* Investors ha","content":"<html><head></head><body><p>* Fed raises rates by 75 bps to 3-3.25% range</p><p>* Terminal rate seen hitting 4.6% in 2023</p><p>* Investors had expected 75 bps, but not higher for longer</p><p>* Sharp decline in final half-hour of trading</p><p>* Indexes down: Dow 1.7%, S&amp;P 1.71%, Nasdaq 1.79%</p><p>Sept 21 (Reuters) - Wall Street&#39;s main indexes see-sawed before slumping in the final 30 minutes of trading to end Wednesday lower, as investors digested another supersized Federal Reserve hike and its commitment to keep up increases into 2023 to fight inflation.</p><p>All three benchmarks finished more than 1.7% down, with the Dow posting its lowest close since June 17, with the Nasdaq and S&amp;P 500, respectively, at their lowest point since July 1, and June 30.</p><p>At the end of its two-day meeting, the Fed lifted its policy rate by 75 basis points for the third time to a 3.00-3.25% range. Most market participants had expected such an increase, with only a 21% chance of a 100 bps rate hike seen prior to the announcement.</p><p>However, policymakers also signaled more large increases to come in new projections showing its policy rate rising to 4.40% by the end of this year before topping out at 4.60% in 2023. This is up from projections in June of 3.4% and 3.8% respectively.</p><p>Rate cuts are not foreseen until 2024, the central bank added, dashing any outstanding investor hopes that the Fed foresaw getting inflation under control in the near term. The Fed&#39;s preferred measure of inflation is now seen slowly returning to its 2% target in 2025.</p><p>In his press conference, Fed Chair Jerome Powell said U.S. central bank officials are &#34;strongly resolved&#34; to bring down inflation from the highest levels in four decades and &#34;will keep at it until the job is done,&#34; a process he repeated would not come without pain.</p><p>&#34;Chairman Powell delivered a sobering message. He stated that no one knows if there will be a recession or how severe, and that achieving a soft landing was always difficult,&#34; said Yung-Yu Ma, chief investment strategist at BMO Wealth Management.</p><p>Higher rates and the battle against inflation was also feeding through into the U.S. economy, with the Fed&#39;s projections showing year-end growth of just 0.2% this year, rising to 1.2% in 2023.</p><p>&#34;Markets were already braced for some hawkishness, based on inflation reports and recent governor comments,&#34; said BMO&#39;s Ma.</p><p>&#34;But it&#39;s always interesting to see how the market reacts to the messaging. Hawkishness was to be expected, but while some in the market take comfort from that, others take the position to sell.&#34;</p><p>The Dow Jones Industrial Average fell 522.45 points, or 1.7%, to 30,183.78, the S&amp;P 500 lost 66 points, or 1.71%, to 3,789.93 and the Nasdaq Composite dropped 204.86 points, or 1.79%, to 11,220.19.</p><p>All 11 S&amp;P sectors finished lower, led by declines of more than 2.3% by Consumer Discretionary and Communication Services.</p><p>Volume on U.S. exchanges was 11.03 billion shares, compared with the 10.79 billion average for the full session over the last 20 trading days.</p><p>The S&amp;P 500 posted two new 52-week highs and 70 new lows; the Nasdaq Composite recorded 44 new highs and 446 new lows.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall Street Slumps As Investors Absorb Hawkish Fed Rate Message</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall Street Slumps As Investors Absorb Hawkish Fed Rate Message\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-09-22 06:54</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>* Fed raises rates by 75 bps to 3-3.25% range</p><p>* Terminal rate seen hitting 4.6% in 2023</p><p>* Investors had expected 75 bps, but not higher for longer</p><p>* Sharp decline in final half-hour of trading</p><p>* Indexes down: Dow 1.7%, S&amp;P 1.71%, Nasdaq 1.79%</p><p>Sept 21 (Reuters) - Wall Street&#39;s main indexes see-sawed before slumping in the final 30 minutes of trading to end Wednesday lower, as investors digested another supersized Federal Reserve hike and its commitment to keep up increases into 2023 to fight inflation.</p><p>All three benchmarks finished more than 1.7% down, with the Dow posting its lowest close since June 17, with the Nasdaq and S&amp;P 500, respectively, at their lowest point since July 1, and June 30.</p><p>At the end of its two-day meeting, the Fed lifted its policy rate by 75 basis points for the third time to a 3.00-3.25% range. Most market participants had expected such an increase, with only a 21% chance of a 100 bps rate hike seen prior to the announcement.</p><p>However, policymakers also signaled more large increases to come in new projections showing its policy rate rising to 4.40% by the end of this year before topping out at 4.60% in 2023. This is up from projections in June of 3.4% and 3.8% respectively.</p><p>Rate cuts are not foreseen until 2024, the central bank added, dashing any outstanding investor hopes that the Fed foresaw getting inflation under control in the near term. The Fed&#39;s preferred measure of inflation is now seen slowly returning to its 2% target in 2025.</p><p>In his press conference, Fed Chair Jerome Powell said U.S. central bank officials are &#34;strongly resolved&#34; to bring down inflation from the highest levels in four decades and &#34;will keep at it until the job is done,&#34; a process he repeated would not come without pain.</p><p>&#34;Chairman Powell delivered a sobering message. He stated that no one knows if there will be a recession or how severe, and that achieving a soft landing was always difficult,&#34; said Yung-Yu Ma, chief investment strategist at BMO Wealth Management.</p><p>Higher rates and the battle against inflation was also feeding through into the U.S. economy, with the Fed&#39;s projections showing year-end growth of just 0.2% this year, rising to 1.2% in 2023.</p><p>&#34;Markets were already braced for some hawkishness, based on inflation reports and recent governor comments,&#34; said BMO&#39;s Ma.</p><p>&#34;But it&#39;s always interesting to see how the market reacts to the messaging. Hawkishness was to be expected, but while some in the market take comfort from that, others take the position to sell.&#34;</p><p>The Dow Jones Industrial Average fell 522.45 points, or 1.7%, to 30,183.78, the S&amp;P 500 lost 66 points, or 1.71%, to 3,789.93 and the Nasdaq Composite dropped 204.86 points, or 1.79%, to 11,220.19.</p><p>All 11 S&amp;P sectors finished lower, led by declines of more than 2.3% by Consumer Discretionary and Communication Services.</p><p>Volume on U.S. exchanges was 11.03 billion shares, compared with the 10.79 billion average for the full session over the last 20 trading days.</p><p>The S&amp;P 500 posted two new 52-week highs and 70 new lows; the Nasdaq Composite recorded 44 new highs and 446 new lows.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4534":"瑞士信贷持仓",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","UPRO":"三倍做多标普500ETF","OEX":"标普100",".SPX":"S&P 500 Index","OEF":"标普100指数ETF-iShares","BK4559":"巴菲特持仓","BK4550":"红杉资本持仓","COMP":"Compass, Inc.","IVV":"标普500指数ETF","SPY":"标普500ETF","BK4581":"高盛持仓","BK4504":"桥水持仓","SDS":"两倍做空标普500ETF","SH":"标普500反向ETF","SSO":"两倍做多标普500ETF","BK4539":"次新股","NDX":"纳斯达克100指数","SPXU":"三倍做空标普500ETF"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2269969281","content_text":"* Fed raises rates by 75 bps to 3-3.25% range* Terminal rate seen hitting 4.6% in 2023* Investors had expected 75 bps, but not higher for longer* Sharp decline in final half-hour of trading* Indexes down: Dow 1.7%, S&P 1.71%, Nasdaq 1.79%Sept 21 (Reuters) - Wall Street's main indexes see-sawed before slumping in the final 30 minutes of trading to end Wednesday lower, as investors digested another supersized Federal Reserve hike and its commitment to keep up increases into 2023 to fight inflation.All three benchmarks finished more than 1.7% down, with the Dow posting its lowest close since June 17, with the Nasdaq and S&P 500, respectively, at their lowest point since July 1, and June 30.At the end of its two-day meeting, the Fed lifted its policy rate by 75 basis points for the third time to a 3.00-3.25% range. Most market participants had expected such an increase, with only a 21% chance of a 100 bps rate hike seen prior to the announcement.However, policymakers also signaled more large increases to come in new projections showing its policy rate rising to 4.40% by the end of this year before topping out at 4.60% in 2023. This is up from projections in June of 3.4% and 3.8% respectively.Rate cuts are not foreseen until 2024, the central bank added, dashing any outstanding investor hopes that the Fed foresaw getting inflation under control in the near term. The Fed's preferred measure of inflation is now seen slowly returning to its 2% target in 2025.In his press conference, Fed Chair Jerome Powell said U.S. central bank officials are \"strongly resolved\" to bring down inflation from the highest levels in four decades and \"will keep at it until the job is done,\" a process he repeated would not come without pain.\"Chairman Powell delivered a sobering message. He stated that no one knows if there will be a recession or how severe, and that achieving a soft landing was always difficult,\" said Yung-Yu Ma, chief investment strategist at BMO Wealth Management.Higher rates and the battle against inflation was also feeding through into the U.S. economy, with the Fed's projections showing year-end growth of just 0.2% this year, rising to 1.2% in 2023.\"Markets were already braced for some hawkishness, based on inflation reports and recent governor comments,\" said BMO's Ma.\"But it's always interesting to see how the market reacts to the messaging. Hawkishness was to be expected, but while some in the market take comfort from that, others take the position to sell.\"The Dow Jones Industrial Average fell 522.45 points, or 1.7%, to 30,183.78, the S&P 500 lost 66 points, or 1.71%, to 3,789.93 and the Nasdaq Composite dropped 204.86 points, or 1.79%, to 11,220.19.All 11 S&P sectors finished lower, led by declines of more than 2.3% by Consumer Discretionary and Communication Services.Volume on U.S. exchanges was 11.03 billion shares, compared with the 10.79 billion average for the full session over the last 20 trading days.The S&P 500 posted two new 52-week highs and 70 new lows; the Nasdaq Composite recorded 44 new highs and 446 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":318,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9919929735,"gmtCreate":1663721317627,"gmtModify":1676537322366,"author":{"id":"3573986430688942","authorId":"3573986430688942","name":"themonkey","avatar":"https://static.tigerbbs.com/573a67d390101884216129f5c49fe8a0","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9919929735","repostId":"1188186340","repostType":2,"repost":{"id":"1188186340","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1663720620,"share":"https://www.laohu8.com/m/news/1188186340?lang=&edition=full","pubTime":"2022-09-21 08:37","market":"sg","language":"en","title":"Singapore Stocks to Watch: Parkway Life Reit, Top Glove, Marco Polo Marine, Lian Beng","url":"https://stock-news.laohu8.com/highlight/detail?id=1188186340","media":"Tiger Newspress","summary":"The following companies saw new developments that may affect trading of their securities on Wednesda","content":"<html><head></head><body><p>The following companies saw new developments that may affect trading of their securities on Wednesday (Sep 21):</p><p><b>Parkway Life Reit (C2PU):</b> PARKWAY Life Real Estate Investment Trust (PLife Reit) has agreed to acquire 2 nursing homes in Japan for 2.88 billion yen (S$29.4 million) to deepen its expansion in the country’s aged care market.</p><p>The healthcare-focused Reit is buying the properties from Japanese real estate developer Daiwa House. Together with 3 other acquisitions announced last week, this will bring its Japan portfolio to 57 properties valued at S$758.4 million.</p><p>The acquisition will be made at 11.1 per cent below valuation, and is expected to generate a net property income yield of 5.2 per cent. The transaction is expected to be completed by Q3 2022.</p><p><b>Top Glove (BVA): </b>GLOVE manufacturer Top Glove Corporation posted its first quarterly net loss since the company’s Malaysia listing in 2001 amid mounting cost pressures and a pullback in demand.</p><p>On Tuesday (Sep 20), Top Glove reported a net loss of RM52.6 million (S$16.3 million) for the fourth fiscal quarter ended August, reversing from a net profit of RM447.4 million in the corresponding year-ago period.</p><p>Revenue for the quarter was down 52.3 per cent year on year to RM990.1 million from RM2.1 billion. The board did not propose a dividend for the period under review.</p><p><b>Marco Polo Marine (5LY): </b>MARINE logistics group Marco Polo Marine on Tuesday (Sep 20) said it will build, own and operate a new Commissioning Service Operation Vessel (CSOV), valued at about US$60 million, to meet rising demand in Asia’s offshore wind-farm industry.</p><p>The CSOV, with a length of 83 m and beam of 21 m, will be used in commissioning works during the construction and maintenance of offshore wind farms. Its construction will be funded through existing resources and borrowings.</p><p>The vessel is expected to be deployed in Q1 of 2024. Marco Polo chief executive Sean Lee said the company has received keen interest from offshore wind-turbine makers and offshore wind-farm developers since it unveiled new designs for service vessels in March.</p><p><b>Lian Beng (L03):</b> LIAN Beng Group has declined regulators’ request for the company to disclose the remuneration of employees singled out as family members of a director, the chief executive or a substantial shareholder, citing potential impact on the group’s ability to attract and retain key and middle-management talent.</p><p>The Singapore Exchange (SGX) had asked the construction group and property developer to detail the responsibilities of 5 employees, and state their remuneration in bands of S$100,000 with the upper limit disclosed.</p><p>SGX, which is hardening its stance on remuneration disclosure, said that if the company refused, it should give a robust explanation for why the disclosure would not be in its interest.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore Stocks to Watch: Parkway Life Reit, Top Glove, Marco Polo Marine, Lian Beng</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\">\nSingapore Stocks to Watch: Parkway Life Reit, Top Glove, Marco Polo Marine, Lian Beng\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-09-21 08:37</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The following companies saw new developments that may affect trading of their securities on Wednesday (Sep 21):</p><p><b>Parkway Life Reit (C2PU):</b> PARKWAY Life Real Estate Investment Trust (PLife Reit) has agreed to acquire 2 nursing homes in Japan for 2.88 billion yen (S$29.4 million) to deepen its expansion in the country’s aged care market.</p><p>The healthcare-focused Reit is buying the properties from Japanese real estate developer Daiwa House. Together with 3 other acquisitions announced last week, this will bring its Japan portfolio to 57 properties valued at S$758.4 million.</p><p>The acquisition will be made at 11.1 per cent below valuation, and is expected to generate a net property income yield of 5.2 per cent. The transaction is expected to be completed by Q3 2022.</p><p><b>Top Glove (BVA): </b>GLOVE manufacturer Top Glove Corporation posted its first quarterly net loss since the company’s Malaysia listing in 2001 amid mounting cost pressures and a pullback in demand.</p><p>On Tuesday (Sep 20), Top Glove reported a net loss of RM52.6 million (S$16.3 million) for the fourth fiscal quarter ended August, reversing from a net profit of RM447.4 million in the corresponding year-ago period.</p><p>Revenue for the quarter was down 52.3 per cent year on year to RM990.1 million from RM2.1 billion. The board did not propose a dividend for the period under review.</p><p><b>Marco Polo Marine (5LY): </b>MARINE logistics group Marco Polo Marine on Tuesday (Sep 20) said it will build, own and operate a new Commissioning Service Operation Vessel (CSOV), valued at about US$60 million, to meet rising demand in Asia’s offshore wind-farm industry.</p><p>The CSOV, with a length of 83 m and beam of 21 m, will be used in commissioning works during the construction and maintenance of offshore wind farms. Its construction will be funded through existing resources and borrowings.</p><p>The vessel is expected to be deployed in Q1 of 2024. Marco Polo chief executive Sean Lee said the company has received keen interest from offshore wind-turbine makers and offshore wind-farm developers since it unveiled new designs for service vessels in March.</p><p><b>Lian Beng (L03):</b> LIAN Beng Group has declined regulators’ request for the company to disclose the remuneration of employees singled out as family members of a director, the chief executive or a substantial shareholder, citing potential impact on the group’s ability to attract and retain key and middle-management talent.</p><p>The Singapore Exchange (SGX) had asked the construction group and property developer to detail the responsibilities of 5 employees, and state their remuneration in bands of S$100,000 with the upper limit disclosed.</p><p>SGX, which is hardening its stance on remuneration disclosure, said that if the company refused, it should give a robust explanation for why the disclosure would not be in its interest.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"5LY.SI":"马可波罗海业","C2PU.SI":"百汇生命产业信托","BVA.SI":"顶级手套有限公司"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188186340","content_text":"The following companies saw new developments that may affect trading of their securities on Wednesday (Sep 21):Parkway Life Reit (C2PU): PARKWAY Life Real Estate Investment Trust (PLife Reit) has agreed to acquire 2 nursing homes in Japan for 2.88 billion yen (S$29.4 million) to deepen its expansion in the country’s aged care market.The healthcare-focused Reit is buying the properties from Japanese real estate developer Daiwa House. Together with 3 other acquisitions announced last week, this will bring its Japan portfolio to 57 properties valued at S$758.4 million.The acquisition will be made at 11.1 per cent below valuation, and is expected to generate a net property income yield of 5.2 per cent. The transaction is expected to be completed by Q3 2022.Top Glove (BVA): GLOVE manufacturer Top Glove Corporation posted its first quarterly net loss since the company’s Malaysia listing in 2001 amid mounting cost pressures and a pullback in demand.On Tuesday (Sep 20), Top Glove reported a net loss of RM52.6 million (S$16.3 million) for the fourth fiscal quarter ended August, reversing from a net profit of RM447.4 million in the corresponding year-ago period.Revenue for the quarter was down 52.3 per cent year on year to RM990.1 million from RM2.1 billion. The board did not propose a dividend for the period under review.Marco Polo Marine (5LY): MARINE logistics group Marco Polo Marine on Tuesday (Sep 20) said it will build, own and operate a new Commissioning Service Operation Vessel (CSOV), valued at about US$60 million, to meet rising demand in Asia’s offshore wind-farm industry.The CSOV, with a length of 83 m and beam of 21 m, will be used in commissioning works during the construction and maintenance of offshore wind farms. Its construction will be funded through existing resources and borrowings.The vessel is expected to be deployed in Q1 of 2024. Marco Polo chief executive Sean Lee said the company has received keen interest from offshore wind-turbine makers and offshore wind-farm developers since it unveiled new designs for service vessels in March.Lian Beng (L03): LIAN Beng Group has declined regulators’ request for the company to disclose the remuneration of employees singled out as family members of a director, the chief executive or a substantial shareholder, citing potential impact on the group’s ability to attract and retain key and middle-management talent.The Singapore Exchange (SGX) had asked the construction group and property developer to detail the responsibilities of 5 employees, and state their remuneration in bands of S$100,000 with the upper limit disclosed.SGX, which is hardening its stance on remuneration disclosure, said that if the company refused, it should give a robust explanation for why the disclosure would not be in its interest.","news_type":1},"isVote":1,"tweetType":1,"viewCount":207,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9934397469,"gmtCreate":1663196736751,"gmtModify":1676537222679,"author":{"id":"3573986430688942","authorId":"3573986430688942","name":"themonkey","avatar":"https://static.tigerbbs.com/573a67d390101884216129f5c49fe8a0","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9934397469","repostId":"1137608568","repostType":4,"repost":{"id":"1137608568","pubTimestamp":1663168187,"share":"https://www.laohu8.com/m/news/1137608568?lang=&edition=full","pubTime":"2022-09-14 23:09","market":"us","language":"en","title":"Leveraged ETFs Added to Stock Chaos With $15.5 Billion Selling","url":"https://stock-news.laohu8.com/highlight/detail?id=1137608568","media":"Bloomberg","summary":"Nomura’s McElligott says fund rebalancing compounded selloffResearch shows these complex products am","content":"<html><head></head><body><ul><li>Nomura’s McElligott says fund rebalancing compounded selloff</li><li>Research shows these complex products amplify intraday moves</li></ul><p>In Tuesday’stumultuous trading sessionwas a pattern market watchers have seen time and again this year: A bad day for stocks gets worse, right around the close. Suspicion is growing that a breed of complex but increasingly popular ETF may be helping fuel the trend.</p><p>With the main equity gauges all down heavily on the day, leveraged exchange-traded funds -- which use options to amplify returns, usually of major indexes -- added around $15.5 billion of selling pressure to the rout, according to estimates from Nomura Holdings Inc. It’s likely a big reason why stocks took another dip in the last 30 minutes to close out a particular brutal trading session.</p><p>While the propensity of options to lash the very stocks on which they’re based has becomea fact of lifeon Wall Street, doubts have remained about the capacity of leveraged vehicles to do the same.</p><p>Yet trading volumes across these complex products have beenhistorically highall year. Certain peaks, such as in May and June, corresponded with instances of stocks extending their moves near the end of the session.</p><p><img src=\"https://static.tigerbbs.com/9912df98158d8ef4b9f24a873eab26cb\" tg-width=\"620\" tg-height=\"348\" referrerpolicy=\"no-referrer\"/></p><p>“It’s absolutely real,” said Charlie McElligott, a cross-asset strategist at Nomura, referring to the ability of leveraged ETFs to spur broader moves across the equity ecosystem thanks to their rebalancing moves. He puts the boom in such products down to retail investors looking for big wins.</p><p>“Day traders remain drunk on high intraday vol and continue to actively seek-out large price swings,” he said by email.</p><p>Read more:Wall Street’s Risky ‘Razor Blade’ Trade Is Making a Comeback</p><p>Leveraged products aim to amplify the performance of an underlying index or fund on a daily basis, meaning every day they must rebalance to return to their target leverage -- usually two- or three-times the underlying.</p><p>That means in the last 30 minutes of trading every day, this cohort will add to buying pressure if the market is up, and to selling pressure if it’s down. Research publishedearlier this yearfound that, alongside options hedging, leveraged ETFs exert an “economically large” price pressure late in the day.</p><p>The selling pressure at the close Tuesday was real, albeit far from dramatic relative to late-session swings seen earlier this year. The S&amp;P 500 was about 4% lower with 30 minutes still to go. It ended 4.3% down. The Nasdaq 100 Index closed 5.5% having been down 5.3%. The Dow Jones Industrial Average went from a 3.7% drop to a 3.9% decline.</p><p>Of course, there are plenty of reasons equity gyrations are extending late in the day with increased frequency. Endless inflation, surging bond yields and depleted liquidity are all spurring big momentum trends as well as intraday rallies and reversals across assets in this wild year. In this context, leveraged funds are just another factor for traders to consider.</p><p>Yet systematic risks linked to the cohort prompted both the Securities and Exchange Commission and the Financial Industry Regulatory Authorityto announcepotential new rules for the products in the past year.</p><p>Peter Tchir at Academy Securities is among those to note the uptick in leveraged ETF activity this year. In May he wrote that while such products are less powerful than in prior market dramas, they’re big enough to create “a limit down day” if they suffer outflows and rebalancing that accelerates broader selling.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Leveraged ETFs Added to Stock Chaos With $15.5 Billion Selling</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\">\nLeveraged ETFs Added to Stock Chaos With $15.5 Billion Selling\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-14 23:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-09-14/leveraged-etfs-added-to-stock-chaos-with-15-5-billion-selling><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nomura’s McElligott says fund rebalancing compounded selloffResearch shows these complex products amplify intraday movesIn Tuesday’stumultuous trading sessionwas a pattern market watchers have seen ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-09-14/leveraged-etfs-added-to-stock-chaos-with-15-5-billion-selling\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TQQQ":"纳指三倍做多ETF","SQQQ":"纳指三倍做空ETF"},"source_url":"https://www.bloomberg.com/news/articles/2022-09-14/leveraged-etfs-added-to-stock-chaos-with-15-5-billion-selling","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1137608568","content_text":"Nomura’s McElligott says fund rebalancing compounded selloffResearch shows these complex products amplify intraday movesIn Tuesday’stumultuous trading sessionwas a pattern market watchers have seen time and again this year: A bad day for stocks gets worse, right around the close. Suspicion is growing that a breed of complex but increasingly popular ETF may be helping fuel the trend.With the main equity gauges all down heavily on the day, leveraged exchange-traded funds -- which use options to amplify returns, usually of major indexes -- added around $15.5 billion of selling pressure to the rout, according to estimates from Nomura Holdings Inc. It’s likely a big reason why stocks took another dip in the last 30 minutes to close out a particular brutal trading session.While the propensity of options to lash the very stocks on which they’re based has becomea fact of lifeon Wall Street, doubts have remained about the capacity of leveraged vehicles to do the same.Yet trading volumes across these complex products have beenhistorically highall year. Certain peaks, such as in May and June, corresponded with instances of stocks extending their moves near the end of the session.“It’s absolutely real,” said Charlie McElligott, a cross-asset strategist at Nomura, referring to the ability of leveraged ETFs to spur broader moves across the equity ecosystem thanks to their rebalancing moves. He puts the boom in such products down to retail investors looking for big wins.“Day traders remain drunk on high intraday vol and continue to actively seek-out large price swings,” he said by email.Read more:Wall Street’s Risky ‘Razor Blade’ Trade Is Making a ComebackLeveraged products aim to amplify the performance of an underlying index or fund on a daily basis, meaning every day they must rebalance to return to their target leverage -- usually two- or three-times the underlying.That means in the last 30 minutes of trading every day, this cohort will add to buying pressure if the market is up, and to selling pressure if it’s down. Research publishedearlier this yearfound that, alongside options hedging, leveraged ETFs exert an “economically large” price pressure late in the day.The selling pressure at the close Tuesday was real, albeit far from dramatic relative to late-session swings seen earlier this year. The S&P 500 was about 4% lower with 30 minutes still to go. It ended 4.3% down. The Nasdaq 100 Index closed 5.5% having been down 5.3%. The Dow Jones Industrial Average went from a 3.7% drop to a 3.9% decline.Of course, there are plenty of reasons equity gyrations are extending late in the day with increased frequency. Endless inflation, surging bond yields and depleted liquidity are all spurring big momentum trends as well as intraday rallies and reversals across assets in this wild year. In this context, leveraged funds are just another factor for traders to consider.Yet systematic risks linked to the cohort prompted both the Securities and Exchange Commission and the Financial Industry Regulatory Authorityto announcepotential new rules for the products in the past year.Peter Tchir at Academy Securities is among those to note the uptick in leveraged ETF activity this year. In May he wrote that while such products are less powerful than in prior market dramas, they’re big enough to create “a limit down day” if they suffer outflows and rebalancing that accelerates broader selling.","news_type":1},"isVote":1,"tweetType":1,"viewCount":389,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9934397242,"gmtCreate":1663196726586,"gmtModify":1676537222679,"author":{"id":"3573986430688942","authorId":"3573986430688942","name":"themonkey","avatar":"https://static.tigerbbs.com/573a67d390101884216129f5c49fe8a0","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9934397242","repostId":"1184746636","repostType":4,"repost":{"id":"1184746636","pubTimestamp":1663166626,"share":"https://www.laohu8.com/m/news/1184746636?lang=&edition=full","pubTime":"2022-09-14 22:43","market":"us","language":"en","title":"Cathie Wood Goes on Biggest Dip-Buying Binge Since February","url":"https://stock-news.laohu8.com/highlight/detail?id=1184746636","media":"Bloomberg","summary":"Ark funds buy shares of 27 stocks on Tuesday amid selloffPaired with deflation tweets, Wood is ‘walk","content":"<html><head></head><body><ul><li>Ark funds buy shares of 27 stocks on Tuesday amid selloff</li><li>Paired with deflation tweets, Wood is ‘walking the walk’: BI</li></ul><p><img src=\"https://static.tigerbbs.com/2632bd90c13293afab4259755343771e\" tg-width=\"800\" tg-height=\"533\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Tuesday’s brutal selloff in the aftermath of August’s hotter-than-expected inflation print looked like opportunity to Cathie Wood’s Ark Investment Management.</p><p>The firm bought 27 stocks across its eight exchange-traded funds on Tuesday, according to data compiled by Bloomberg. Thelargest buywas Roku Inc., which is already the third biggest holding in the firm’s flagship $8 billion ARK Innovation ETF (tickerARKK).</p><p>The purchases came on a day when the technology-heavy Nasdaq 100 posted its worst one-day drop since March 2020, fueled by building bets that the Federal Reserve will unleash a historically large rate hike next week to stamp out price pressures. But while inflation is front-and-center for policy makers, Ark founder Wood tweeted on Monday that deflation is “in the pipeline” -- and Tuesday’s purchases suggest the firm is positioning for that.</p><p>“Her buys have gone down quite a bit after January but are starting moving up last few days. It just seems like her conviction is higher now,” said Athanasios Psarofagis. Paired with Wood’s tweets Tuesday, “It seems like she is just walking the walk.”</p><p><img src=\"https://static.tigerbbs.com/7a7f1330da74a0d61d18d271a3186343\" tg-width=\"657\" tg-height=\"382\" width=\"100%\" height=\"auto\"/></p><p>Ark’s ETF lineup has come under immense pressure in 2022 at the hands of a historically aggressive Fed. A series of jumbo rate hikes has battered the market’s speculative corners, dragging ARKK more than 55% lower in 2022.</p><p>Amid the drawdown, Wood has stuck to her strategy of doubling-down on losers and offloading winners. Roku is nearly 71% lower this year, while Butterfly Network Inc and Zoom Video Communications Inc., Tuesday’s second and third largest buys, have dropped about 14% and 58% in 2022, respectively.</p><p>The purchases were paired with the sale of roughly 1.5 million shares of Signify Health, which has seen its stock price soar about 160% since mid-June amid a bidding war for the company.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Goes on Biggest Dip-Buying Binge 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\">\nCathie Wood Goes on Biggest Dip-Buying Binge Since February\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-14 22:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-09-14/cathie-wood-goes-on-biggest-dip-buying-binge-since-february><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Ark funds buy shares of 27 stocks on Tuesday amid selloffPaired with deflation tweets, Wood is ‘walking the walk’: BITuesday’s brutal selloff in the aftermath of August’s hotter-than-expected ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-09-14/cathie-wood-goes-on-biggest-dip-buying-binge-since-february\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKF":"ARK Fintech Innovation ETF","ARKQ":"ARK Autonomous Technology & Robotics ETF","ARKG":"ARK Genomic Revolution ETF","ARKK":"ARK Innovation ETF"},"source_url":"https://www.bloomberg.com/news/articles/2022-09-14/cathie-wood-goes-on-biggest-dip-buying-binge-since-february","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184746636","content_text":"Ark funds buy shares of 27 stocks on Tuesday amid selloffPaired with deflation tweets, Wood is ‘walking the walk’: BITuesday’s brutal selloff in the aftermath of August’s hotter-than-expected inflation print looked like opportunity to Cathie Wood’s Ark Investment Management.The firm bought 27 stocks across its eight exchange-traded funds on Tuesday, according to data compiled by Bloomberg. Thelargest buywas Roku Inc., which is already the third biggest holding in the firm’s flagship $8 billion ARK Innovation ETF (tickerARKK).The purchases came on a day when the technology-heavy Nasdaq 100 posted its worst one-day drop since March 2020, fueled by building bets that the Federal Reserve will unleash a historically large rate hike next week to stamp out price pressures. But while inflation is front-and-center for policy makers, Ark founder Wood tweeted on Monday that deflation is “in the pipeline” -- and Tuesday’s purchases suggest the firm is positioning for that.“Her buys have gone down quite a bit after January but are starting moving up last few days. It just seems like her conviction is higher now,” said Athanasios Psarofagis. Paired with Wood’s tweets Tuesday, “It seems like she is just walking the walk.”Ark’s ETF lineup has come under immense pressure in 2022 at the hands of a historically aggressive Fed. A series of jumbo rate hikes has battered the market’s speculative corners, dragging ARKK more than 55% lower in 2022.Amid the drawdown, Wood has stuck to her strategy of doubling-down on losers and offloading winners. Roku is nearly 71% lower this year, while Butterfly Network Inc and Zoom Video Communications Inc., Tuesday’s second and third largest buys, have dropped about 14% and 58% in 2022, respectively.The purchases were paired with the sale of roughly 1.5 million shares of Signify Health, which has seen its stock price soar about 160% since mid-June amid a bidding war for the company.","news_type":1},"isVote":1,"tweetType":1,"viewCount":176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9934397989,"gmtCreate":1663196708241,"gmtModify":1676537222654,"author":{"id":"3573986430688942","authorId":"3573986430688942","name":"themonkey","avatar":"https://static.tigerbbs.com/573a67d390101884216129f5c49fe8a0","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9934397989","repostId":"2267529840","repostType":4,"repost":{"id":"2267529840","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":1663196395,"share":"https://www.laohu8.com/m/news/2267529840?lang=&edition=full","pubTime":"2022-09-15 06:59","market":"us","language":"en","title":"US STOCKS-Wall St Staggers to Higher Close As Fed Rate Hike Looms","url":"https://stock-news.laohu8.com/highlight/detail?id=2267529840","media":"Reuters","summary":"\" Detrick asked. \"We're optimistic they can keep rails open.\"Railroad operators Union Pacific, Norfolk Southern and CSX Corp lost 3.7%, 2.2% and 1.0% respectively, even as Labor Secretary Marty Walsh met with union representatives in Washington in talks aimed at preventing a rail shutdown.The Dow Jones Industrial Average rose 30.12 points, or 0.1%, to 31,135.09, the S&P 500 gained 13.32 points, or 0.34%, to 3,946.01 and the Nasdaq Composite added 86.10 points, or 0.74%, to 11,719.68.Six of the 1","content":"<html><head></head><body><p>(Reuters) - Wall Street ended a directionless session higher on Wednesday as an on-target inflation report largely stanched the flow of Tuesday&#39;s sell-off and investors pressed the &#34;pause&#34; button.</p><p>All three indexes wavered throughout the day, but ultimately ended in positive territory. They all failed to meaningfully recover ground lost in Tuesday&#39;s carnage, which wrought their largest percentage plunges in more than two years.</p><p>&#34;Today is a lick-your-wounds day, after taking body blows yesterday,&#34; said Ryan Detrick, chief market strategist at Carson Group in Omaha, Nebraska. &#34;It’s a day of rest and that’s somewhat of a welcome sign.&#34;</p><p>The Labor Department&#39;s producer prices (PPI) data landed close to consensus estimates and provided some relief in the aftermath of Tuesday&#39;s market-rattling CPI print, which came in hotter than expected.</p><p>&#34;The inflation debate continues and yesterday was a harsh reminder that this a tough battle and the Fed needs to remain aggressive to put a lid on the widespread inflationary prices we’re seeing,&#34; Detrick added.</p><p>The PPI report offered reassurance that inflation is indeed on a slow, downward trajectory.</p><p>But it still has a long way to go before it approaches the Federal Reserve&#39;s average annual 2% inflation target, and while financial markets have fully priced in an interest rate hike of at least 75 basis points at the conclusion of the FOMC&#39;s policy meeting next week, they see a 28% likelihood of a super-sized, 100 basis-point increase, according to CME&#39;s FedWatch tool.</p><p>Two-year U.S. Treasury yields, which reflect interest rate expectations, extended Tuesday&#39;s rise.</p><p>The size and duration of further interest rate hikes going forward have many market observers concerned over the lagging effects of the Fed&#39;s tightening phase, with some viewing recession as unavoidable.</p><p>The transportation sector, seen as a barometer of economic health and which provides a glimpse into the supply side of the inflation picture, was weighed down by rail stocks in the face of a potential strike.</p><p>&#34;Does the White House really want rails to shut down and impact supply chains even more, less than two months before midterm elections?&#34; Detrick asked. &#34;We&#39;re optimistic they can keep rails open.&#34;</p><p>Railroad operators Union Pacific, Norfolk Southern and CSX Corp lost 3.7%, 2.2% and 1.0% respectively, even as Labor Secretary Marty Walsh met with union representatives in Washington in talks aimed at preventing a rail shutdown.</p><p>The Dow Jones Industrial Average rose 30.12 points, or 0.1%, to 31,135.09, the S&amp;P 500 gained 13.32 points, or 0.34%, to 3,946.01 and the Nasdaq Composite added 86.10 points, or 0.74%, to 11,719.68.</p><p>Six of the 11 major sectors of the S&amp;P 500 advanced, with energy stocks leading the gainers with an assist from rising crude prices due to supply concerns.</p><p><a href=\"https://laohu8.com/S/SBUX\">Starbucks Corp</a> shares jumped 5.5% after the company upped its three-year profit and sales outlook.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla Inc</a> bounced back from Tuesday&#39;s drop, advancing 3.6% on the same day President Joe Biden announced $900 million in funding for electric vehicle charging stations.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.05-to-1 ratio; on Nasdaq, a 1.06-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 2 new 52-week highs and 30 new lows; the Nasdaq Composite recorded 26 new highs and 219 new lows.</p><p>Volume on U.S. exchanges was 10.90 billion shares, compared with the 10.33 billion average over the last 20 trading days.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-Wall St Staggers to Higher Close As Fed Rate Hike Looms</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-Wall St Staggers to Higher Close As Fed Rate Hike Looms\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-09-15 06:59</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>(Reuters) - Wall Street ended a directionless session higher on Wednesday as an on-target inflation report largely stanched the flow of Tuesday&#39;s sell-off and investors pressed the &#34;pause&#34; button.</p><p>All three indexes wavered throughout the day, but ultimately ended in positive territory. They all failed to meaningfully recover ground lost in Tuesday&#39;s carnage, which wrought their largest percentage plunges in more than two years.</p><p>&#34;Today is a lick-your-wounds day, after taking body blows yesterday,&#34; said Ryan Detrick, chief market strategist at Carson Group in Omaha, Nebraska. &#34;It’s a day of rest and that’s somewhat of a welcome sign.&#34;</p><p>The Labor Department&#39;s producer prices (PPI) data landed close to consensus estimates and provided some relief in the aftermath of Tuesday&#39;s market-rattling CPI print, which came in hotter than expected.</p><p>&#34;The inflation debate continues and yesterday was a harsh reminder that this a tough battle and the Fed needs to remain aggressive to put a lid on the widespread inflationary prices we’re seeing,&#34; Detrick added.</p><p>The PPI report offered reassurance that inflation is indeed on a slow, downward trajectory.</p><p>But it still has a long way to go before it approaches the Federal Reserve&#39;s average annual 2% inflation target, and while financial markets have fully priced in an interest rate hike of at least 75 basis points at the conclusion of the FOMC&#39;s policy meeting next week, they see a 28% likelihood of a super-sized, 100 basis-point increase, according to CME&#39;s FedWatch tool.</p><p>Two-year U.S. Treasury yields, which reflect interest rate expectations, extended Tuesday&#39;s rise.</p><p>The size and duration of further interest rate hikes going forward have many market observers concerned over the lagging effects of the Fed&#39;s tightening phase, with some viewing recession as unavoidable.</p><p>The transportation sector, seen as a barometer of economic health and which provides a glimpse into the supply side of the inflation picture, was weighed down by rail stocks in the face of a potential strike.</p><p>&#34;Does the White House really want rails to shut down and impact supply chains even more, less than two months before midterm elections?&#34; Detrick asked. &#34;We&#39;re optimistic they can keep rails open.&#34;</p><p>Railroad operators Union Pacific, Norfolk Southern and CSX Corp lost 3.7%, 2.2% and 1.0% respectively, even as Labor Secretary Marty Walsh met with union representatives in Washington in talks aimed at preventing a rail shutdown.</p><p>The Dow Jones Industrial Average rose 30.12 points, or 0.1%, to 31,135.09, the S&amp;P 500 gained 13.32 points, or 0.34%, to 3,946.01 and the Nasdaq Composite added 86.10 points, or 0.74%, to 11,719.68.</p><p>Six of the 11 major sectors of the S&amp;P 500 advanced, with energy stocks leading the gainers with an assist from rising crude prices due to supply concerns.</p><p><a href=\"https://laohu8.com/S/SBUX\">Starbucks Corp</a> shares jumped 5.5% after the company upped its three-year profit and sales outlook.</p><p><a href=\"https://laohu8.com/S/TSLA\">Tesla Inc</a> bounced back from Tuesday&#39;s drop, advancing 3.6% on the same day President Joe Biden announced $900 million in funding for electric vehicle charging stations.</p><p>Advancing issues outnumbered declining ones on the NYSE by a 1.05-to-1 ratio; on Nasdaq, a 1.06-to-1 ratio favored decliners.</p><p>The S&amp;P 500 posted 2 new 52-week highs and 30 new lows; the Nasdaq Composite recorded 26 new highs and 219 new lows.</p><p>Volume on U.S. exchanges was 10.90 billion shares, compared with the 10.33 billion average over the last 20 trading days.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2267529840","content_text":"(Reuters) - Wall Street ended a directionless session higher on Wednesday as an on-target inflation report largely stanched the flow of Tuesday's sell-off and investors pressed the \"pause\" button.All three indexes wavered throughout the day, but ultimately ended in positive territory. They all failed to meaningfully recover ground lost in Tuesday's carnage, which wrought their largest percentage plunges in more than two years.\"Today is a lick-your-wounds day, after taking body blows yesterday,\" said Ryan Detrick, chief market strategist at Carson Group in Omaha, Nebraska. \"It’s a day of rest and that’s somewhat of a welcome sign.\"The Labor Department's producer prices (PPI) data landed close to consensus estimates and provided some relief in the aftermath of Tuesday's market-rattling CPI print, which came in hotter than expected.\"The inflation debate continues and yesterday was a harsh reminder that this a tough battle and the Fed needs to remain aggressive to put a lid on the widespread inflationary prices we’re seeing,\" Detrick added.The PPI report offered reassurance that inflation is indeed on a slow, downward trajectory.But it still has a long way to go before it approaches the Federal Reserve's average annual 2% inflation target, and while financial markets have fully priced in an interest rate hike of at least 75 basis points at the conclusion of the FOMC's policy meeting next week, they see a 28% likelihood of a super-sized, 100 basis-point increase, according to CME's FedWatch tool.Two-year U.S. Treasury yields, which reflect interest rate expectations, extended Tuesday's rise.The size and duration of further interest rate hikes going forward have many market observers concerned over the lagging effects of the Fed's tightening phase, with some viewing recession as unavoidable.The transportation sector, seen as a barometer of economic health and which provides a glimpse into the supply side of the inflation picture, was weighed down by rail stocks in the face of a potential strike.\"Does the White House really want rails to shut down and impact supply chains even more, less than two months before midterm elections?\" Detrick asked. \"We're optimistic they can keep rails open.\"Railroad operators Union Pacific, Norfolk Southern and CSX Corp lost 3.7%, 2.2% and 1.0% respectively, even as Labor Secretary Marty Walsh met with union representatives in Washington in talks aimed at preventing a rail shutdown.The Dow Jones Industrial Average rose 30.12 points, or 0.1%, to 31,135.09, the S&P 500 gained 13.32 points, or 0.34%, to 3,946.01 and the Nasdaq Composite added 86.10 points, or 0.74%, to 11,719.68.Six of the 11 major sectors of the S&P 500 advanced, with energy stocks leading the gainers with an assist from rising crude prices due to supply concerns.Starbucks Corp shares jumped 5.5% after the company upped its three-year profit and sales outlook.Tesla Inc bounced back from Tuesday's drop, advancing 3.6% on the same day President Joe Biden announced $900 million in funding for electric vehicle charging stations.Advancing issues outnumbered declining ones on the NYSE by a 1.05-to-1 ratio; on Nasdaq, a 1.06-to-1 ratio favored decliners.The S&P 500 posted 2 new 52-week highs and 30 new lows; the Nasdaq Composite recorded 26 new highs and 219 new lows.Volume on U.S. exchanges was 10.90 billion shares, compared with the 10.33 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":289,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9935467037,"gmtCreate":1663123537329,"gmtModify":1676537209130,"author":{"id":"3573986430688942","authorId":"3573986430688942","name":"themonkey","avatar":"https://static.tigerbbs.com/573a67d390101884216129f5c49fe8a0","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9935467037","repostId":"1171214134","repostType":2,"repost":{"id":"1171214134","pubTimestamp":1663122177,"share":"https://www.laohu8.com/m/news/1171214134?lang=&edition=full","pubTime":"2022-09-14 10:22","market":"us","language":"en","title":"Amid Wall Street Bloodbath, Cathie Wood Picks Up Over $16M Each In Roku And This Video Communications Stock","url":"https://stock-news.laohu8.com/highlight/detail?id=1171214134","media":"Benzinga","summary":"On a day when U.S. markets witnessed a bloodbath on the back of hotter-than-expected inflation data ","content":"<html><head></head><body><p>On a day when U.S. markets witnessed a bloodbath on the back of hotter-than-expected inflation data for August, <b>Cathie Wood</b>-led <b>Ark Investment Management</b> made some significant purchases through various exchange-traded funds. Wood bought over 250,000 shares of <b>Roku Inc</b>, through the flagship <b>ARK Innovation ETF</b> valued at over $17 million based on Tuesday’s closing price.</p><p>Roku is the third-largest holding of the fund, valued at over $620 million with a weight of 6.94%, according to the Ark website. It makes digital media players for video streaming and its players and TV-related audio devices are available in the U.S. and select countries through direct retail sales and licensing arrangements with service operators. On Sept. 1, the company announced the launch of <b>Roku TV</b> in Germany.</p><p><b>Price Action</b>: Shares of the firm have lost over 19% in one month. Wood’s purchase could be seen as a buy-on-dip, but notably, the company has withdrawn its full-year revenue growth rate estimate citing uncertainties and volatility in the macro environment in its second-quarter earnings statement.</p><p>For the third quarter, it estimates the total net revenue to increase approximately 3% to $700 million and total gross profit of roughly $325 million. However, Roku has projected a net loss of $190 million for the third quarter.</p><p><b>Zoom Video</b>: Wood also purchased over 200,000 shares of <b>Zoom Video Communications Inc</b>, valued at over $16 million, through the ARK Innovation ETF. The stock has lost over 30% in one month. Zoom is the second largest holding of the fund, valued at over $688 million.</p><p></p></body></html>","source":"lsy1606299360108","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>Amid Wall Street Bloodbath, Cathie Wood Picks Up Over $16M Each In Roku And This Video Communications Stock</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\">\nAmid Wall Street Bloodbath, Cathie Wood Picks Up Over $16M Each In Roku And This Video Communications Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-14 10:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/trading-ideas/long-ideas/22/09/28858988/as-wall-street-witnessed-bloodbath-cathie-wood-goes-shopping-buys-roku-and-zoom-shares-w><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>On a day when U.S. markets witnessed a bloodbath on the back of hotter-than-expected inflation data for August, Cathie Wood-led Ark Investment Management made some significant purchases through ...</p>\n\n<a href=\"https://www.benzinga.com/trading-ideas/long-ideas/22/09/28858988/as-wall-street-witnessed-bloodbath-cathie-wood-goes-shopping-buys-roku-and-zoom-shares-w\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ROKU":"Roku Inc","ZM":"Zoom"},"source_url":"https://www.benzinga.com/trading-ideas/long-ideas/22/09/28858988/as-wall-street-witnessed-bloodbath-cathie-wood-goes-shopping-buys-roku-and-zoom-shares-w","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171214134","content_text":"On a day when U.S. markets witnessed a bloodbath on the back of hotter-than-expected inflation data for August, Cathie Wood-led Ark Investment Management made some significant purchases through various exchange-traded funds. Wood bought over 250,000 shares of Roku Inc, through the flagship ARK Innovation ETF valued at over $17 million based on Tuesday’s closing price.Roku is the third-largest holding of the fund, valued at over $620 million with a weight of 6.94%, according to the Ark website. It makes digital media players for video streaming and its players and TV-related audio devices are available in the U.S. and select countries through direct retail sales and licensing arrangements with service operators. On Sept. 1, the company announced the launch of Roku TV in Germany.Price Action: Shares of the firm have lost over 19% in one month. Wood’s purchase could be seen as a buy-on-dip, but notably, the company has withdrawn its full-year revenue growth rate estimate citing uncertainties and volatility in the macro environment in its second-quarter earnings statement.For the third quarter, it estimates the total net revenue to increase approximately 3% to $700 million and total gross profit of roughly $325 million. However, Roku has projected a net loss of $190 million for the third quarter.Zoom Video: Wood also purchased over 200,000 shares of Zoom Video Communications Inc, valued at over $16 million, through the ARK Innovation ETF. The stock has lost over 30% in one month. Zoom is the second largest holding of the fund, valued at over $688 million.","news_type":1},"isVote":1,"tweetType":1,"viewCount":74,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9935082829,"gmtCreate":1663020766861,"gmtModify":1676537181282,"author":{"id":"3573986430688942","authorId":"3573986430688942","name":"themonkey","avatar":"https://static.tigerbbs.com/573a67d390101884216129f5c49fe8a0","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9935082829","repostId":"2266932667","repostType":2,"repost":{"id":"2266932667","pubTimestamp":1662996066,"share":"https://www.laohu8.com/m/news/2266932667?lang=&edition=full","pubTime":"2022-09-12 23:21","market":"us","language":"en","title":"Google Completes Acquisition of Mandiant","url":"https://stock-news.laohu8.com/highlight/detail?id=2266932667","media":"StreetInsider","summary":"Google LLC today announced the completion of its acquisition of Mandiant, Inc. (NASDAQ: MNDT), a rec","content":"<html><head></head><body><p>Google LLC today announced the completion of its acquisition of <a href=\"https://laohu8.com/S/MNDT\">Mandiant</a>, Inc. (NASDAQ: MNDT), a recognized leader in dynamic cyber defense, threat intelligence and incident response services. Mandiant will join Google Cloud and retain the Mandiant brand.</p><p>Google and Mandiant share a long commitment to industry-leading security. Over the past two decades, Google has innovated to build some of the most secure computing systems in the world. Google Cloud customers and partners benefit from these pioneering security capabilities including world-class threat intelligence, zero trust architecture, and planet-scale analytics for security operations. Mandiant, which is known for delivering unparalleled frontline expertise and industry-leading threat intelligence, is a proven first responder to the world&#39;s largest cybersecurity incidents. Mandiant&#39;s services, delivered by their team of security and intelligence individuals spread across 22 countries, are widely recognized for helping top enterprises and organizations prepare for and react to cybersecurity incidents.</p><p>With this acquisition, Google Cloud and Mandiant will deliver an end-to-end security operations suite with even greater capabilities to support customers across their cloud and on-premise environments.</p><p>&#34;The completion of this acquisition will enable us to deliver a comprehensive and best-in-class cybersecurity solution,&#34; said Thomas Kurian, CEO of Google Cloud. &#34;We believe this acquisition creates incredible value for our customers and the security industry at large. Together, Google Cloud and Mandiant will help reinvent how organizations protect themselves, as well as detect and respond to threats.&#34;</p><p>Organizations today are facing cybersecurity challenges that have accelerated in frequency, severity and diversity, creating a global security imperative. Enterprises need to be able to detect and respond to malicious actors quickly, with actionable threat intelligence to continually protect their organizations against new attacks.</p><p>&#34;Mandiant is driven by a mission to make every organization secure from cyber threats and confident in their readiness,&#34; said Kevin Mandia, CEO, Mandiant. &#34;Combining our 18 years of threat intelligence and incident response experience with Google Cloud&#39;s security expertise presents an incredible opportunity to deliver with the speed and scale that the security industry needs.&#34;</p><p>Hear from others on the impact of this acquisition:</p><ul><li>&#34;The power of stronger partnerships across the cybersecurity ecosystem is critical to driving value for clients and protecting industries around the globe. The combination of Google Cloud and Mandiant and their commitment to multi-cloud will further support increased collaboration, driving innovation across the cybersecurity industry and augmenting threat research capabilities. We look forward to working with them on this mission.&#34; - Paolo Dal Cin, Global Lead, Accenture Security</li><li>&#34;Google&#39;s acquisition of Mandiant, a leader in threat intelligence, security advisory, consulting and incident response services will allow Google Cloud to deliver an end-to-end security operations suite with even greater capabilities and services to support customers in their security transformation across cloud and on-premise environments.&#34; - Craig Robinson, Research <a href=\"https://laohu8.com/S/VP..UK\">VP</a>, Security Services, IDC</li><li>&#34;Bringing together Mandiant and Google Cloud, two long-time cybersecurity leaders, will advance how companies identify and defend against threats. We look forward to the impact of this acquisition, both for the security industry and the protection of our customers.&#34; - Andy Schworer, Director, Cyber Defense Engineering, Uber</li></ul></body></html>","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>Google Completes Acquisition of Mandiant</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\">\nGoogle Completes Acquisition of Mandiant\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-12 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.streetinsider.com/dr/news.php?id=20573208><strong>StreetInsider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Google LLC today announced the completion of its acquisition of Mandiant, Inc. (NASDAQ: MNDT), a recognized leader in dynamic cyber defense, threat intelligence and incident response services. ...</p>\n\n<a href=\"https://www.streetinsider.com/dr/news.php?id=20573208\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MNDT":"Mandiant","GOOG":"谷歌"},"source_url":"https://www.streetinsider.com/dr/news.php?id=20573208","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2266932667","content_text":"Google LLC today announced the completion of its acquisition of Mandiant, Inc. (NASDAQ: MNDT), a recognized leader in dynamic cyber defense, threat intelligence and incident response services. Mandiant will join Google Cloud and retain the Mandiant brand.Google and Mandiant share a long commitment to industry-leading security. Over the past two decades, Google has innovated to build some of the most secure computing systems in the world. Google Cloud customers and partners benefit from these pioneering security capabilities including world-class threat intelligence, zero trust architecture, and planet-scale analytics for security operations. Mandiant, which is known for delivering unparalleled frontline expertise and industry-leading threat intelligence, is a proven first responder to the world's largest cybersecurity incidents. Mandiant's services, delivered by their team of security and intelligence individuals spread across 22 countries, are widely recognized for helping top enterprises and organizations prepare for and react to cybersecurity incidents.With this acquisition, Google Cloud and Mandiant will deliver an end-to-end security operations suite with even greater capabilities to support customers across their cloud and on-premise environments.\"The completion of this acquisition will enable us to deliver a comprehensive and best-in-class cybersecurity solution,\" said Thomas Kurian, CEO of Google Cloud. \"We believe this acquisition creates incredible value for our customers and the security industry at large. Together, Google Cloud and Mandiant will help reinvent how organizations protect themselves, as well as detect and respond to threats.\"Organizations today are facing cybersecurity challenges that have accelerated in frequency, severity and diversity, creating a global security imperative. Enterprises need to be able to detect and respond to malicious actors quickly, with actionable threat intelligence to continually protect their organizations against new attacks.\"Mandiant is driven by a mission to make every organization secure from cyber threats and confident in their readiness,\" said Kevin Mandia, CEO, Mandiant. \"Combining our 18 years of threat intelligence and incident response experience with Google Cloud's security expertise presents an incredible opportunity to deliver with the speed and scale that the security industry needs.\"Hear from others on the impact of this acquisition:\"The power of stronger partnerships across the cybersecurity ecosystem is critical to driving value for clients and protecting industries around the globe. The combination of Google Cloud and Mandiant and their commitment to multi-cloud will further support increased collaboration, driving innovation across the cybersecurity industry and augmenting threat research capabilities. We look forward to working with them on this mission.\" - Paolo Dal Cin, Global Lead, Accenture Security\"Google's acquisition of Mandiant, a leader in threat intelligence, security advisory, consulting and incident response services will allow Google Cloud to deliver an end-to-end security operations suite with even greater capabilities and services to support customers in their security transformation across cloud and on-premise environments.\" - Craig Robinson, Research VP, Security Services, IDC\"Bringing together Mandiant and Google Cloud, two long-time cybersecurity leaders, will advance how companies identify and defend against threats. We look forward to the impact of this acquisition, both for the security industry and the protection of our customers.\" - Andy Schworer, Director, Cyber Defense Engineering, Uber","news_type":1},"isVote":1,"tweetType":1,"viewCount":108,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9932851040,"gmtCreate":1662935021280,"gmtModify":1676537163255,"author":{"id":"3573986430688942","authorId":"3573986430688942","name":"themonkey","avatar":"https://static.tigerbbs.com/573a67d390101884216129f5c49fe8a0","crmLevel":5,"crmLevelSwitch":0},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9932851040","repostId":"1145637637","repostType":4,"repost":{"id":"1145637637","pubTimestamp":1662857195,"share":"https://www.laohu8.com/m/news/1145637637?lang=&edition=full","pubTime":"2022-09-11 08:46","language":"en","title":"Australian Prime Minister Sets Holiday for Queen; Says Not the Time to Discuss Republic Push","url":"https://stock-news.laohu8.com/highlight/detail?id=1145637637","media":"Bloomberg","summary":"Referendum on Australia becoming a republic defeated in 1999Green Party leader says Australia needs ","content":"<html><head></head><body><ul><li>Referendum on Australia becoming a republic defeated in 1999</li><li>Green Party leader says Australia needs to ‘move forward’</li></ul><p><img src=\"https://static.tigerbbs.com/379fb22b763bb02c2622cd194d638030\" tg-width=\"1000\" tg-height=\"667\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/>Australia will get a one-time national public holiday to mourn Queen Elizabeth II, as her death revives a decades-long debate over whether the country should become a republic.</p><p>Prime Minister Anthony Albanese said in an interview with the Australian Broadcasting Corp. Sunday that the holiday will take place on Thursday, Sept. 22, to coincide with a national day of memorial for the late queen, who died Sept. 8 after 70 years on the throne. Albanese and Australia’s governor-general, the sovereign’s representative in the country, will fly to London to attend her funeral next Monday, Sept. 19.</p><p>Along with Canada, New Zealand and other former colonies of the British Empire, Australia still counts the monarch as itshead of state. A referendum in 1999 to become arepublicwas narrowly defeated, yet the debate has simmered as Australia’s stature as a regional power and globally significant economy has grown.</p><p>The queen’s death and King Charles III’s ascension has revived that discussion, with the leader of Australia’sGreensparty, Adam Bandt,tweetingthe day after her death that the country must “move forward” and become a republic. While heavily criticized by other lawmakers as insensitive, a recent poll showed about 54% of the population supported breaking from Britain.</p><p>Albanese -- a long-time supporter of Australia becoming a republic -- was quick to deflect when asked about the issue on Sunday, telling the ABC’s Insiders program that “now was not a time to talk about our system of government.”</p><p>Former prime minister, John Howard, a monarchist who oversaw the 1999 referendum, told Insiders that Australia’s system of constitutional monarchy was valued by the people and would likely “continue in a different form” under Charles.</p><p>Governor-General David Hurley, a former army officer, will proclaim Charles as King of Australia at a ceremony in Canberra Sunday.</p><p>The country’s financial markets typically close on public holidays.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Australian Prime Minister Sets Holiday for Queen; Says Not the Time to Discuss Republic Push</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\">\nAustralian Prime Minister Sets Holiday for Queen; Says Not the Time to Discuss Republic Push\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-11 08:46 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-09-11/australian-prime-minister-sets-holiday-for-queen-rebuffs-republic-discussion><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Referendum on Australia becoming a republic defeated in 1999Green Party leader says Australia needs to ‘move forward’Australia will get a one-time national public holiday to mourn Queen Elizabeth II, ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-09-11/australian-prime-minister-sets-holiday-for-queen-rebuffs-republic-discussion\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XJO.AU":"标普/澳交所 200指数","XKO.AU":"标普/澳交所 300指数","XAO.AU":"标普/澳交所 普通股指数"},"source_url":"https://www.bloomberg.com/news/articles/2022-09-11/australian-prime-minister-sets-holiday-for-queen-rebuffs-republic-discussion","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145637637","content_text":"Referendum on Australia becoming a republic defeated in 1999Green Party leader says Australia needs to ‘move forward’Australia will get a one-time national public holiday to mourn Queen Elizabeth II, as her death revives a decades-long debate over whether the country should become a republic.Prime Minister Anthony Albanese said in an interview with the Australian Broadcasting Corp. Sunday that the holiday will take place on Thursday, Sept. 22, to coincide with a national day of memorial for the late queen, who died Sept. 8 after 70 years on the throne. Albanese and Australia’s governor-general, the sovereign’s representative in the country, will fly to London to attend her funeral next Monday, Sept. 19.Along with Canada, New Zealand and other former colonies of the British Empire, Australia still counts the monarch as itshead of state. A referendum in 1999 to become arepublicwas narrowly defeated, yet the debate has simmered as Australia’s stature as a regional power and globally significant economy has grown.The queen’s death and King Charles III’s ascension has revived that discussion, with the leader of Australia’sGreensparty, Adam Bandt,tweetingthe day after her death that the country must “move forward” and become a republic. While heavily criticized by other lawmakers as insensitive, a recent poll showed about 54% of the population supported breaking from Britain.Albanese -- a long-time supporter of Australia becoming a republic -- was quick to deflect when asked about the issue on Sunday, telling the ABC’s Insiders program that “now was not a time to talk about our system of government.”Former prime minister, John Howard, a monarchist who oversaw the 1999 referendum, told Insiders that Australia’s system of constitutional monarchy was valued by the people and would likely “continue in a different form” under Charles.Governor-General David Hurley, a former army officer, will proclaim Charles as King of Australia at a ceremony in Canberra Sunday.The country’s financial markets typically close on public holidays.","news_type":1},"isVote":1,"tweetType":1,"viewCount":50,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[],"lives":[]}