飞鸟跌穴298884 personal page - To The Moon

飞鸟跌穴298884

飞鸟跌穴298884

五阴由因缘和合而生，既是缘生，便无常而多苦。若能如实了知五阴非我、非我所，亦非他人之物，则当远离对五阴的执取与贪爱。断除贪爱，便能解脱众苦，得自在安稳之道。

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飞鸟跌穴298884

2021-08-02

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飞鸟跌穴298884

2021-07-29

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Why do people still get infected after getting vaccinated? How to understand vaccine effectiveness

飞鸟跌穴298884

2021-07-14

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US inflation remains high, and the time has come to test the Federal Reserve.

飞鸟跌穴298884

2021-07-09

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飞鸟跌穴298884

2021-06-30

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飞鸟跌穴298884

2021-06-26

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Xiaomi's entry into car manufacturing has led to a new "hierarchy of contempt" for job seekers in the automotive industry.

飞鸟跌穴298884

2021-06-24

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飞鸟跌穴298884

2021-06-24

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Big reveal: Windows 11 is coming tonight! What updates can we see?

飞鸟跌穴298884

2021-06-23

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5 trillion yuan in funds are "hiding" from the Federal Reserve, indicating that a global liquidity turning point is approaching!

飞鸟跌穴298884

2021-06-19

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An 18-fold increase in 10 years! Did you miss out on the generous dividends in tech stocks?

飞鸟跌穴298884

2021-06-11

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Reminder: The market closure schedule for the Dragon Boat Festival is here! Hong Kong stocks will be closed for one day on June 14.

飞鸟跌穴298884

2021-06-06

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Are European and American stock markets in crisis? Morgan Stanley issued a sell signal across all market indicators!

飞鸟跌穴298884

2021-05-31

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飞鸟跌穴298884

2021-05-28

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@TigerFeatures:【期權價格預測】幫助說明

飞鸟跌穴298884

2021-05-28

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飞鸟跌穴298884

2021-05-14

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Just how long will "temporary" high inflation last? Several indicators may provide clues

飞鸟跌穴298884

2021-05-12

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飞鸟跌穴298884

2021-05-08

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@北美韭菜日记: Cathie Wood 5/07採訪：大幅提高ARK未來五年回報率至年化30%！她又語出驚人了！

飞鸟跌穴298884

2021-05-07

20b~

More than $2 billion in stock has been transferred to his wife after the Gates' property division started

飞鸟跌穴298884

2021-05-07

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Why is the sharp decline in the funds managed by the "Queen of the Bull Market" causing trouble for the market?

Go to Tiger App to see more news

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13:52","market":"us","language":"zh","title":"Why do people still get infected after getting vaccinated? How to understand vaccine effectiveness","url":"https://stock-news.laohu8.com/highlight/detail?id=2155977655","media":"华尔街见闻","summary":"95%的疫苗效力并不意味着疫苗能保护95%的人，而其他5%的人会感染病毒。","content":"<p>As variants of the virus rage, the COVID-19 pandemic is showing signs of resurgence globally. What's even more disturbing is that many of the confirmed cases are people who have already been vaccinated.</p><p>For example, Chinese-American gymnast Kara Eaker and British Health Secretary Sajid Javid both tested positive for COVID-19 after receiving the vaccine and were diagnosed with a \"Breakthrough Infection.\"</p><p>So what exactly is a breakthrough infection? Why do people still get infected after getting vaccinated? How common is this phenomenon, and how dangerous is it? Sanjay Mishra, program coordinator and staff scientist at Vanderbilt University Medical Center in the United States, recently provided an interpretation of these issues.</p><p><h2>What is a breakthrough infection?</h2>When people become infected after vaccination, scientists call these cases \"breakthrough\" infections because the virus breaks through the protective barrier provided by the vaccine.</p><p><b>Keep in mind that not all vaccines are 100% effective.</b>For example, the effectiveness rate of the vaccine protecting children against polio is around 80% to 90%, and the effectiveness rate of the measles vaccine is 94%.</p><p>Regarding the COVID-19 vaccine, according to clinical trials,<a href=\"https://laohu8.com/S/PFE\">Pfizer</a>/BioNTech and Moderna's mRNA vaccines were 94%-95% effective, which is higher than expected.</p><p><h2>How to understand the effectiveness of vaccines?</h2>95% vaccine effectiveness does not mean that the vaccine will protect 95% of people, while the other 5% will get infected with the virus.</p><p>Vaccine effectiveness is a measure of relative risk, i.e., comparing a group of vaccinated people with an unvaccinated group under the same exposure conditions. Assuming that during a three-month clinical trial, 100 out of every 10,000 unvaccinated people are infected, and at the same time, 5 out of every 10,000 vaccinated people are infected, then the effectiveness of the vaccine is 95%.</p><p><b>In other words, the vaccine protects 95% of these 100 (unvaccinated and certain to be infected) people, not 95% of the entire 10,000 population.</b></p><p><h2><b>How common is the phenomenon of breakthrough infection?</b></h2>With the spread of the Delta variant, breakthrough infections occurred slightly more frequently than expected.<b>However, infection remains very rare in the vaccinated population and usually results in mild or asymptomatic conditions.</b></p><p>For example, between January 1 and April 30, 2021, 46 states and territories in the United States reported 10,262 breakthrough infections to the U.S. Centers for Disease Control and Prevention. In comparison, there were 11.8 million confirmed cases during the same period. As of July 19, 2021, more than 159 million people across the United States had been vaccinated against COVID-19, of whom 5,914 were hospitalized or died due to breakthrough infections.</p><p>In addition, a study conducted between December 15, 2020 and March 31, 2021 showed that among 258,716 veterans who received two doses of the Pfizer or Moderna vaccine, 410 had a breakthrough infection, accounting for 0.16% of the total.</p><p>Similarly, a study in New York found that between February 1 and April 30, 2021, 86 breakthrough infections occurred among 126,367 fully vaccinated people (mainly mRNA vaccines), representing 1.2% of the total number of cases and 0.07% of the fully vaccinated population.</p><p><h2>How serious is a breakthrough infection?</h2>The U.S. Centers for Disease Control and Prevention (CDC) defines a vaccine breakthrough infection as a nasal swab that detects SARS-CoV-2 RNA or protein more than 14 days after completing the full recommended dose of the FDA-authorized COVID-19 vaccine.</p><p>It should be noted that a breakthrough infection does not necessarily mean that the patient feels unwell - in fact, 27% of breakthrough infection cases reported to the US CDC are asymptomatic. It is understood that only 10% of those who break through the infection rate were hospitalized (some for reasons other than COVID-19), and 2% died. In contrast, in the spring of 2020, when vaccination had not yet begun, more than 6% of confirmed infections were fatal.</p><p>In a study conducted at a U.S. military treatment facility, these breakthrough infections did not result in hospitalization.<b>In another study, after receiving just one dose of the Pfizer vaccine, vaccinated people who tested positive for COVID-19 had a quarter less viral content in their bodies than unvaccinated people who tested positive.</b></p><p><h2>Under what circumstances is breakthrough infection likely to occur?</h2>In community cluster transmission, the probability of breakthrough infection is relatively high.</p><p>Infection is more likely in close contact situations, such as in cramped workspaces, parties, restaurants, or stadiums. Breakthrough infections are also more likely to occur among healthcare workers who frequently come into contact with infected patients.</p><p><b>Gender, age, and physical condition can also affect the chance of infection.</b></p><p>Data from the U.S. CDC shows that women account for 63% of breakthrough infections, and the reason is still unclear. Some smaller studies have also determined that women account for a larger proportion of breakthrough cases.</p><p>The vaccine elicits a weaker immune response in the elderly, and the chance of breakthrough infection increases with age. Of the breakthrough cases tracked by the CDC, 75% occurred in patients 65 years of age and older.</p><p>Low immune function or underlying conditions such as hypertension, diabetes, heart disease, chronic kidney and lung disease, and cancer can increase the chance of breakthrough infection and may lead to severe illness.</p><p>For example, in one study, fully vaccinated organ transplant recipients were 82 times more likely to develop a breakthrough infection and 485 times more likely to be hospitalized and die after a breakthrough infection compared to the general vaccinated population.</p><p><h2>How big is the impact of the Delta variant virus?</h2>Existing vaccines mainly target early strains, while new variants, including Delta, are better at dodging antibodies produced by current vaccines. Although existing vaccines remain effective, their effectiveness has decreased.</p><p>According to data from the UK Department of Public Health, the two-dose mRNA vaccine is only 79% effective against Delta virus, while it is 89% effective against early Alpha virus. A single dose of the vaccine is only 35% effective against the Delta strain.</p><p>In Israel, where vaccination rates are high, the effectiveness rate of the Pfizer vaccine in preventing severe illness caused by the Delta variant is only 39%-40.5%, far lower than the earlier estimate of 90%.</p><p>The results of the Israeli study show that the effectiveness of vaccines in preventing infections and symptomatic diseases decreases within 6 months.<b>However, the good news is that the vaccine remains highly effective in preventing hospitalizations (88%) and severe illness (91.4%) caused by the Delta strain.</b></p><p><h2>How effective is the vaccine?</h2>As of the end of July 2021, 49.1% of the U.S. population, or slightly more than 163 million people, had been fully vaccinated. Nearly 90% of Americans over the age of 65 have received at least one dose of the vaccine.</p><p>Scientists' models suggest that as of the end of June 2021, vaccination may have saved approximately 279,000 lives in the United States and prevented as many as 1.25 million hospitalizations. In the UK, the vaccine may have prevented around 30,300 deaths, 46,300 hospitalizations, and 8.15 million infections. In Israel, high vaccination rates are believed to be the main reason behind the 77% drop in case numbers and 68% drop in hospitalizations at the peak of the pandemic.</p><p><b>In the United States, only 150 of the more than 18,000 people who died from COVID-19 in May were vaccinated.</b></p><p>As Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, put it, the United States is becoming \"almost like two Americas,\" divided into vaccinated and unvaccinated parts. Those who are not fully vaccinated are still at risk from the coronavirus.</p>","source":"wallstreetcn_api","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>Why do people still get infected after getting vaccinated? How to understand vaccine effectiveness</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy do people still get infected after getting vaccinated? How to understand vaccine effectiveness\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-07-29 13:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p>As variants of the virus rage, the COVID-19 pandemic is showing signs of resurgence globally. What's even more disturbing is that many of the confirmed cases are people who have already been vaccinated.</p><p>For example, Chinese-American gymnast Kara Eaker and British Health Secretary Sajid Javid both tested positive for COVID-19 after receiving the vaccine and were diagnosed with a \"Breakthrough Infection.\"</p><p>So what exactly is a breakthrough infection? Why do people still get infected after getting vaccinated? How common is this phenomenon, and how dangerous is it? Sanjay Mishra, program coordinator and staff scientist at Vanderbilt University Medical Center in the United States, recently provided an interpretation of these issues.</p><p><h2>What is a breakthrough infection?</h2>When people become infected after vaccination, scientists call these cases \"breakthrough\" infections because the virus breaks through the protective barrier provided by the vaccine.</p><p><b>Keep in mind that not all vaccines are 100% effective.</b>For example, the effectiveness rate of the vaccine protecting children against polio is around 80% to 90%, and the effectiveness rate of the measles vaccine is 94%.</p><p>Regarding the COVID-19 vaccine, according to clinical trials,<a href=\"https://laohu8.com/S/PFE\">Pfizer</a>/BioNTech and Moderna's mRNA vaccines were 94%-95% effective, which is higher than expected.</p><p><h2>How to understand the effectiveness of vaccines?</h2>95% vaccine effectiveness does not mean that the vaccine will protect 95% of people, while the other 5% will get infected with the virus.</p><p>Vaccine effectiveness is a measure of relative risk, i.e., comparing a group of vaccinated people with an unvaccinated group under the same exposure conditions. Assuming that during a three-month clinical trial, 100 out of every 10,000 unvaccinated people are infected, and at the same time, 5 out of every 10,000 vaccinated people are infected, then the effectiveness of the vaccine is 95%.</p><p><b>In other words, the vaccine protects 95% of these 100 (unvaccinated and certain to be infected) people, not 95% of the entire 10,000 population.</b></p><p><h2><b>How common is the phenomenon of breakthrough infection?</b></h2>With the spread of the Delta variant, breakthrough infections occurred slightly more frequently than expected.<b>However, infection remains very rare in the vaccinated population and usually results in mild or asymptomatic conditions.</b></p><p>For example, between January 1 and April 30, 2021, 46 states and territories in the United States reported 10,262 breakthrough infections to the U.S. Centers for Disease Control and Prevention. In comparison, there were 11.8 million confirmed cases during the same period. As of July 19, 2021, more than 159 million people across the United States had been vaccinated against COVID-19, of whom 5,914 were hospitalized or died due to breakthrough infections.</p><p>In addition, a study conducted between December 15, 2020 and March 31, 2021 showed that among 258,716 veterans who received two doses of the Pfizer or Moderna vaccine, 410 had a breakthrough infection, accounting for 0.16% of the total.</p><p>Similarly, a study in New York found that between February 1 and April 30, 2021, 86 breakthrough infections occurred among 126,367 fully vaccinated people (mainly mRNA vaccines), representing 1.2% of the total number of cases and 0.07% of the fully vaccinated population.</p><p><h2>How serious is a breakthrough infection?</h2>The U.S. Centers for Disease Control and Prevention (CDC) defines a vaccine breakthrough infection as a nasal swab that detects SARS-CoV-2 RNA or protein more than 14 days after completing the full recommended dose of the FDA-authorized COVID-19 vaccine.</p><p>It should be noted that a breakthrough infection does not necessarily mean that the patient feels unwell - in fact, 27% of breakthrough infection cases reported to the US CDC are asymptomatic. It is understood that only 10% of those who break through the infection rate were hospitalized (some for reasons other than COVID-19), and 2% died. In contrast, in the spring of 2020, when vaccination had not yet begun, more than 6% of confirmed infections were fatal.</p><p>In a study conducted at a U.S. military treatment facility, these breakthrough infections did not result in hospitalization.<b>In another study, after receiving just one dose of the Pfizer vaccine, vaccinated people who tested positive for COVID-19 had a quarter less viral content in their bodies than unvaccinated people who tested positive.</b></p><p><h2>Under what circumstances is breakthrough infection likely to occur?</h2>In community cluster transmission, the probability of breakthrough infection is relatively high.</p><p>Infection is more likely in close contact situations, such as in cramped workspaces, parties, restaurants, or stadiums. Breakthrough infections are also more likely to occur among healthcare workers who frequently come into contact with infected patients.</p><p><b>Gender, age, and physical condition can also affect the chance of infection.</b></p><p>Data from the U.S. CDC shows that women account for 63% of breakthrough infections, and the reason is still unclear. Some smaller studies have also determined that women account for a larger proportion of breakthrough cases.</p><p>The vaccine elicits a weaker immune response in the elderly, and the chance of breakthrough infection increases with age. Of the breakthrough cases tracked by the CDC, 75% occurred in patients 65 years of age and older.</p><p>Low immune function or underlying conditions such as hypertension, diabetes, heart disease, chronic kidney and lung disease, and cancer can increase the chance of breakthrough infection and may lead to severe illness.</p><p>For example, in one study, fully vaccinated organ transplant recipients were 82 times more likely to develop a breakthrough infection and 485 times more likely to be hospitalized and die after a breakthrough infection compared to the general vaccinated population.</p><p><h2>How big is the impact of the Delta variant virus?</h2>Existing vaccines mainly target early strains, while new variants, including Delta, are better at dodging antibodies produced by current vaccines. Although existing vaccines remain effective, their effectiveness has decreased.</p><p>According to data from the UK Department of Public Health, the two-dose mRNA vaccine is only 79% effective against Delta virus, while it is 89% effective against early Alpha virus. A single dose of the vaccine is only 35% effective against the Delta strain.</p><p>In Israel, where vaccination rates are high, the effectiveness rate of the Pfizer vaccine in preventing severe illness caused by the Delta variant is only 39%-40.5%, far lower than the earlier estimate of 90%.</p><p>The results of the Israeli study show that the effectiveness of vaccines in preventing infections and symptomatic diseases decreases within 6 months.<b>However, the good news is that the vaccine remains highly effective in preventing hospitalizations (88%) and severe illness (91.4%) caused by the Delta strain.</b></p><p><h2>How effective is the vaccine?</h2>As of the end of July 2021, 49.1% of the U.S. population, or slightly more than 163 million people, had been fully vaccinated. Nearly 90% of Americans over the age of 65 have received at least one dose of the vaccine.</p><p>Scientists' models suggest that as of the end of June 2021, vaccination may have saved approximately 279,000 lives in the United States and prevented as many as 1.25 million hospitalizations. In the UK, the vaccine may have prevented around 30,300 deaths, 46,300 hospitalizations, and 8.15 million infections. In Israel, high vaccination rates are believed to be the main reason behind the 77% drop in case numbers and 68% drop in hospitalizations at the peak of the pandemic.</p><p><b>In the United States, only 150 of the more than 18,000 people who died from COVID-19 in May were vaccinated.</b></p><p>As Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, put it, the United States is becoming \"almost like two Americas,\" divided into vaccinated and unvaccinated parts. Those who are not fully vaccinated are still at risk from the coronavirus.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3636611\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6e474d690ea02c536f0fd4c03fc3ddef","relate_stocks":{},"source_url":"https://wallstreetcn.com/articles/3636611","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155977655","content_text":"随着变种病毒肆虐，新冠疫情在全球呈现复燃之势。更让人感到不安的是，有不少确诊病例是已经接种过疫苗的人群。\n例如，美国华裔体操运动员卡拉·埃克(Kara Eaker)和英国卫生大臣赛义德·贾维德(Sajid Javid)都是在接种疫苗后，被检测出新冠阳性，均被诊断为“突破性感染”(Breakthrough Infection)。\n那么到底什么是突破性感染？为何接种疫苗后仍会感染？这种现象有多普遍，又有多危险呢？美国范德堡大学医学中心项目协调员和员工科学家Sanjay Mishra近日对这些问题作出解读。\n什么是突破性感染？\n当人们在接种疫苗后被感染时，科学家称这些病例为“突破性”感染，因为病毒突破了疫苗提供的保护屏障。\n要知道所有的疫苗都不是100%有效的。例如，保护儿童免受脊髓灰质炎侵害的疫苗有效率在80%到90%左右，麻疹疫苗的有效率为94%。\n在新冠疫苗方面，据临床试验，辉瑞/BioNTech和Moderna的mRNA疫苗的有效性为94%-95%，该数值高于预期值。\n如何理解疫苗有效率？\n95%的疫苗效力并不意味着疫苗能保护95%的人，而其他5%的人会感染病毒。\n疫苗有效性衡量的是相对风险，即在相同的暴露条件下，将一组接种疫苗的人与一组未接种疫苗的人进行比较。假设在一个为期三个月的临床试验期间，每10000名未接种疫苗的人中有100人感染，同时，每10000名接种疫苗的人中有5人感染，那么疫苗的有效性为95%。\n也就是说，疫苗保护的是这100个（没接种疫苗且确定会感染）人群的95%，而不是整个10000人群的95%。\n突破性感染的现象有多普遍？\n随着Delta变种病毒的蔓延，突破性感染出现的频率略有些高于预期。但在已接种疫苗人群中，感染仍然非常罕见，且通常导致轻微或无症状。\n例如，在2021年1月1日至4月30日期间，美国46个州和地区向美国疾病控制与预防中心报告了10262例突破性感染。相比之下，同期共有1180万例确诊病例。截至2021年7月19日，美国全国已有1.59亿多人接种了新冠疫苗，其中5914人因突破性感染住院或死亡。\n此外， 2020年12月15日至2021年3月31日期间开展的一项研究显示，在258716名接受了辉瑞或Moderna两剂疫苗的退伍军人中，410人出现了突破性感染，占总数的0.16%。\n同样，纽约的一项研究发现，在2021年2月1日至4月30日期间，在126367名全面接种疫苗(主要是mRNA疫苗)的人中，出现了86例突破性感染，这占病例总数的1.2%，占完全接种人群的0.07%。\n突破性感染有多严重?\n美国疾病控制与预防中心（CDC）将疫苗突破性感染定义为，在完成FDA授权的COVID-19疫苗的全部推荐剂量后14天以上，鼻拭子可以检测到SARS-CoV-2 RNA或蛋白质。\n需要注意的是，突破性感染并不一定意味着患者感到不适——事实上，向美国CDC报告的突破性感染病例中，27%是无症状的。据了解，只有10%的突破感染者住院(有些是由于新冠以外的原因)，2%的人死亡。相比之下，在尚未开启疫苗接种的2020年春季，超过6%的确诊感染是致命的。\n在美国军事治疗设施进行的一项研究中，这些突破性感染没有导致住院治疗。在另一项研究中，仅注射一剂辉瑞疫苗后，COVID-19检测呈阳性的接种者体内的病毒含量比未接种且检测呈阳性的人少四分之一。\n什么情况下容易发生突破性感染？\n社区聚集性传播中，出现突破性感染的机率较大。\n在近距离接触的情况下，如在狭窄的工作空间、聚会、餐厅或体育场，感染可能性更大。突破性感染也更有可能发生在经常接触受感染患者的医务工作者中。\n性别、年龄、身体状况也都会影响感染机率。\n美国CDC的数据显示，突破性感染中女性占63%，原因尚不清楚。一些规模较小的研究也确定女性在突破性病例中占比较大。\n疫苗在老年人中引发的免疫反应较弱，而且随着年龄的增长，突破性感染的机会越来越高。在CDC追踪的突破性病例中，75%发生在65岁及以上的患者中。\n免疫功能低下或有高血压、糖尿病、心脏病、慢性肾脏和肺部疾病以及癌症等潜在疾病，会增加突破性感染的机会，并可能导致重症。\n例如，在一项研究中，与接种过疫苗的普通人群相比，完全接种过疫苗的器官移植受者发生突破性感染的可能性高82倍，突破性感染后住院和死亡的风险高485倍。\nDelta变种病毒的影响有多大？\n现有的疫苗主要是针对早期的毒株，而包括Delta在内的新变种更擅长于躲避目前疫苗产生的抗体。虽然现有疫苗仍然有效，但有效性有所降低。\n根据英国公共卫生部的数据，两剂mRNA疫苗预防Delta病毒的有效性仅为79%，而对早期Alpha病毒的有效性为89%。单剂疫苗对Delta毒株的有效性仅为35%。\n在接种率较高的以色列，完全接种辉瑞疫苗后，对于预防Delta变种导致重症的有效率仅为39%-40.5%，远低于早期估计的90%。\n以色列的研究结果表明，在6个月内，疫苗预防感染和症状性疾病的效力会下降。不过，好消息是，疫苗在预防由Delta毒株导致的住院(88%)和重症(91.4%)方面仍然非常有效。\n疫苗效果到底怎么样？\n截至2021年7月底，49.1%的美国人口，即略超过1.63亿人，已全面接种疫苗。近90%的65岁以上的美国人至少接种过一剂疫苗。\n科学家的模型表明，截至2021年6月底，疫苗接种可能挽救了美国大约27.9万人的生命，防止了多达125万人住院治疗。在英国，疫苗可能预防了约30300例死亡、46300例住院和815万例感染。在以色列，高接种率被认为是推动该国病例数较大流行高峰时下降77%，住院人数下降68%的主要原因。\n在美国，5月份因新冠肺炎死亡的1.8万多人中，只有150人接种了疫苗。\n正如美国国家过敏症和传染病研究所所长安东尼·福奇(Anthony Fauci)所说，美国正变得“几乎像两个美国”，分为接种疫苗和未接种疫苗两部分。那些没有完全接种疫苗的人仍然面临来自冠状病毒的风险。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":6600,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144020889,"gmtCreate":1626254764641,"gmtModify":1703756424849,"author":{"id":"3574164671299178","authorId":"3574164671299178","name":"飞鸟跌穴298884","avatar":"https://static.tigerbbs.com/0a86a1d7644d8cfdcbb622860fd749e7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574164671299178","idStr":"3574164671299178"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/144020889","repostId":"2151593458","repostType":4,"repost":{"id":"2151593458","kind":"highlight","pubTimestamp":1626228999,"share":"https://ttm.financial/m/news/2151593458?lang=en_US&edition=fundamental","pubTime":"2021-07-14 10:16","market":"us","language":"zh","title":"US inflation remains high, and the time has come to test the Federal Reserve.","url":"https://stock-news.laohu8.com/highlight/detail?id=2151593458","media":"华尔街见闻","summary":"美国6月物价再度爆表，美联储的“通胀暂时论”还能否站得住脚，以及货币政策将如何作出应对，成为市场关注的焦点。北京时间周二晚间公布的数据显示，美国6月CPI及核心CPI环比、同比均高于预期及前值，多项数据创新高。今年以来，美国通胀节节走高，但美联储一直坚称物价上涨只是“暂时的”，随着疫情封锁进一步放松、供应赶上被压抑的需求，通胀将消退。当地时间周三和周四，美联储主席鲍威尔将接受国会议员的质询。","content":"<p>U.S. prices surged again in June, raising questions about whether the Federal Reserve's \"temporary inflation theory\" remains tenable and how monetary policy will respond.</p><p>Data released Tuesday evening Beijing time showed that the U.S. CPI and core CPI in June were both higher than expected and year-on-year, with several data points reaching new highs. The CPI rose 5.4% year-on-year, the highest increase since August 2008, far exceeding the 5% increase in May and the 4.9% increase previously predicted by economists.</p><p><img src=\"https://static.tigerbbs.com/a1c1b19fafe4fccf8df811ab9531e0be\" tg-width=\"525\" tg-height=\"313\" referrerpolicy=\"no-referrer\"></p><p>(Image source: Zerohedge)</p><p>Industries directly affected by the pandemic saw the largest price increases, with travel-related expenses such as airfares soaring, and semiconductor shortages also leading to a surge in used car prices. Data from the U.S. Bureau of Labor Statistics shows that used car prices rose 10.5% month-over-month in June, contributing one-third of the CPI increase last month.</p><p>Following the data release, market expectations for Federal Reserve rate hike surged, US Treasury yields jumped during the session, and the yield curve flattened. Amid the threat of inflation, the US dollar strengthened further, approaching a three-month high.</p><p><img src=\"https://static.tigerbbs.com/41e83a31c11d1be5a229daf643f2d3ae\" tg-width=\"1088\" tg-height=\"653\" referrerpolicy=\"no-referrer\"></p><p>(Image source: Zerohedge)</p><p><h2>Challenges Facing the Fed</h2>U.S. inflation has been rising steadily this year, but the Federal Reserve has consistently insisted that the price increases are only \"temporary\" and that inflation will subside as pandemic lockdowns are further eased and supply catches up with pent-up demand.</p><p><img src=\"https://static.tigerbbs.com/1ce1f249aafa91beb78c3bda811d915d\" tg-width=\"1083\" tg-height=\"633\" referrerpolicy=\"no-referrer\"></p><p>At the FOMC meeting in June, the Federal Reserve predicted that its favored core inflation gauge would rise by 3% this year and fall back to 2.1% in 2022.</p><p>Regarding monetary policy, the Federal Reserve released an unexpectedly hawkish signal last month, hinting at two rate hike in 2023. The meeting minutes show that the Federal Reserve has begun discussing the Taper issue, but a consensus could not be reached, and discussions will continue in the future.</p><p>However, Tuesday's unexpectedly high inflation data could put pressure on the Federal Reserve, forcing it to consider reducing asset purchases at a faster pace than previously expected, thereby slowing monetary stimulus.</p><p>St. Louis Federal Reserve Bank President Bullard said on Tuesday that with the U.S. economy growing at a rate of 7% and the pandemic being better controlled, it is now time to remove the Fed's stimulus measures. Bullard has always been known as a \"dove,\" and his hawkish remarks have attracted a lot of attention from the market.</p><p>But the president of the New York Federal Reserve<a href=\"https://laohu8.com/S/WMB\">Williams</a>The U.S. economy has not yet met the conditions for the Federal Reserve to reduce its asset purchases, it said on Monday. San Francisco Federal Reserve President Daly also warned last Friday that exiting the stimulus program too early would pose significant risks due to the continued spread of the Delta variant.</p><p>On Wednesday and Thursday local time, Federal Reserve Chairman Jerome Powell will be questioned by members of Congress. Investors will be closely watching whether Powell signals that he will begin discussions on tapering asset purchases at the Federal Reserve meeting in July.</p><p><a href=\"https://laohu8.com/S/ING\">Dutch International</a>James Knightley, chief international economist at ING Group, said the Federal Reserve seems to have no reason to continue its $120 billion monthly asset purchases in quantitative easing, and we will look for hints about an impending tapering from Powell's testimony and the Jackson Hole meeting in August.</p><p><a href=\"https://laohu8.com/S/WFC\">Wells Fargo Bank</a>Analysts wrote in a report on Tuesday that if the Federal Reserve sticks to its average inflation target and the timing of the rate hike exceeds market expectations, it could mean that interest rate volatility will intensify in the future.</p><p>Wells Fargo analysts point out that the Federal Reserve will face more challenges in communication in the future. On the one hand, it hopes to remain patient, and on the other hand, the market does not seem to be \"buying into\" the Fed's new strategy for dealing with inflation. These contradictions should exacerbate future volatility in the macroeconomic market.</p>","source":"wallstreetcn_api","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 inflation remains high, and the time has come to test the Federal Reserve.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS inflation remains high, and the time has come to test the Federal Reserve.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-07-14 10:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p>U.S. prices surged again in June, raising questions about whether the Federal Reserve's \"temporary inflation theory\" remains tenable and how monetary policy will respond.</p><p>Data released Tuesday evening Beijing time showed that the U.S. CPI and core CPI in June were both higher than expected and year-on-year, with several data points reaching new highs. The CPI rose 5.4% year-on-year, the highest increase since August 2008, far exceeding the 5% increase in May and the 4.9% increase previously predicted by economists.</p><p><img src=\"https://static.tigerbbs.com/a1c1b19fafe4fccf8df811ab9531e0be\" tg-width=\"525\" tg-height=\"313\" referrerpolicy=\"no-referrer\"></p><p>(Image source: Zerohedge)</p><p>Industries directly affected by the pandemic saw the largest price increases, with travel-related expenses such as airfares soaring, and semiconductor shortages also leading to a surge in used car prices. Data from the U.S. Bureau of Labor Statistics shows that used car prices rose 10.5% month-over-month in June, contributing one-third of the CPI increase last month.</p><p>Following the data release, market expectations for Federal Reserve rate hike surged, US Treasury yields jumped during the session, and the yield curve flattened. Amid the threat of inflation, the US dollar strengthened further, approaching a three-month high.</p><p><img src=\"https://static.tigerbbs.com/41e83a31c11d1be5a229daf643f2d3ae\" tg-width=\"1088\" tg-height=\"653\" referrerpolicy=\"no-referrer\"></p><p>(Image source: Zerohedge)</p><p><h2>Challenges Facing the Fed</h2>U.S. inflation has been rising steadily this year, but the Federal Reserve has consistently insisted that the price increases are only \"temporary\" and that inflation will subside as pandemic lockdowns are further eased and supply catches up with pent-up demand.</p><p><img src=\"https://static.tigerbbs.com/1ce1f249aafa91beb78c3bda811d915d\" tg-width=\"1083\" tg-height=\"633\" referrerpolicy=\"no-referrer\"></p><p>At the FOMC meeting in June, the Federal Reserve predicted that its favored core inflation gauge would rise by 3% this year and fall back to 2.1% in 2022.</p><p>Regarding monetary policy, the Federal Reserve released an unexpectedly hawkish signal last month, hinting at two rate hike in 2023. The meeting minutes show that the Federal Reserve has begun discussing the Taper issue, but a consensus could not be reached, and discussions will continue in the future.</p><p>However, Tuesday's unexpectedly high inflation data could put pressure on the Federal Reserve, forcing it to consider reducing asset purchases at a faster pace than previously expected, thereby slowing monetary stimulus.</p><p>St. Louis Federal Reserve Bank President Bullard said on Tuesday that with the U.S. economy growing at a rate of 7% and the pandemic being better controlled, it is now time to remove the Fed's stimulus measures. Bullard has always been known as a \"dove,\" and his hawkish remarks have attracted a lot of attention from the market.</p><p>But the president of the New York Federal Reserve<a href=\"https://laohu8.com/S/WMB\">Williams</a>The U.S. economy has not yet met the conditions for the Federal Reserve to reduce its asset purchases, it said on Monday. San Francisco Federal Reserve President Daly also warned last Friday that exiting the stimulus program too early would pose significant risks due to the continued spread of the Delta variant.</p><p>On Wednesday and Thursday local time, Federal Reserve Chairman Jerome Powell will be questioned by members of Congress. Investors will be closely watching whether Powell signals that he will begin discussions on tapering asset purchases at the Federal Reserve meeting in July.</p><p><a href=\"https://laohu8.com/S/ING\">Dutch International</a>James Knightley, chief international economist at ING Group, said the Federal Reserve seems to have no reason to continue its $120 billion monthly asset purchases in quantitative easing, and we will look for hints about an impending tapering from Powell's testimony and the Jackson Hole meeting in August.</p><p><a href=\"https://laohu8.com/S/WFC\">Wells Fargo Bank</a>Analysts wrote in a report on Tuesday that if the Federal Reserve sticks to its average inflation target and the timing of the rate hike exceeds market expectations, it could mean that interest rate volatility will intensify in the future.</p><p>Wells Fargo analysts point out that the Federal Reserve will face more challenges in communication in the future. On the one hand, it hopes to remain patient, and on the other hand, the market does not seem to be \"buying into\" the Fed's new strategy for dealing with inflation. These contradictions should exacerbate future volatility in the macroeconomic market.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3635336\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0dd1549a90968778a7afdc56cd660b1b","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","PSQ":"做空纳斯达克100指数ETF-ProShares","DDM":"2倍做多道指ETF-ProShares","DJX":"1/100道琼斯","SDOW":"三倍做空道指30ETF-ProShares","SPY":"标普500ETF","TQQQ":"纳指三倍做多ETF","QLD":"2倍做多纳斯达克100指数ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares","DOG":"道指ETF-ProShares做空","SSO":"2倍做多标普500ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares",".DJI":"道琼斯","SH":"做空标普500-Proshares",".IXIC":"NASDAQ Composite","UPRO":"三倍做多标普500ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares",".SPX":"S&P 500 Index","QQQ":"纳指100ETF","IVV":"标普500ETF-iShares","SPXU":"三倍做空标普500ETF-ProShares","OEF":"标普100指数ETF-iShares","SQQQ":"纳指三倍做空ETF","OEX":"标普100"},"source_url":"https://wallstreetcn.com/articles/3635336","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2151593458","content_text":"美国6月物价再度爆表，美联储的“通胀暂时论”还能否站得住脚，以及货币政策将如何作出应对，成为市场关注的焦点。\n北京时间周二晚间公布的数据显示，美国6月CPI及核心CPI环比、同比均高于预期及前值，多项数据创新高。其中CPI同比上涨5.4%，创下2008年8月以来的最高涨幅，远高于5月份的5%和经济学家此前预测的4.9%的涨幅。\n\n（图片来源：Zerohedge）\n受疫情直接影响的行业的价格涨幅最大，机票等差旅相关费用飙升，半导体短缺也导致二手车价格飙升。美国劳工统计局的数据显示，6月二手车价格环比上涨了10.5%，贡献了上个月CPI上涨的三分之一涨幅。\n数据公布后，市场对美联储加息预期陡升，美债收益率盘中跃升，收益率曲线趋平。通胀威胁下，美元进一步走强，逼近三个月来高位。\n\n（图片来源：Zerohedge）\n美联储面临的挑战\n今年以来，美国通胀节节走高，但美联储一直坚称物价上涨只是“暂时的”，随着疫情封锁进一步放松、供应赶上被压抑的需求，通胀将消退。\n\n在6月的FOMC会议上，美联储预测，其青睐的核心通胀指标今年将上升3%，2022年将回落至2.1%。\n货币政策方面，美联储上月释放出令市场意外的鹰派信号，暗示2023年会有两次加息。会议纪要显示，美联储内部已经开始讨论Taper事宜，不过无法达成共识，未来将继续讨论。\n但周二意外高企的通胀数据可能会给美联储带来压力，迫使其考虑以比此前预期更快的速度减少资产购买，从而放缓货币刺激。\n美国圣路易斯联邦储备银行行长布拉德周二表示，随着美国经济以7%的速度增长，以及疫情得到越来越好的控制，现在是取消美联储的刺激措施了。布拉德一直以来以“鸽派”著称，他的鹰派言论引发了市场高度关注。\n但纽约联储行长威廉姆斯周一称，美国经济尚未达到美联储减少资产购买规模的条件。旧金山联储总裁戴利也在上周五警告，由于Delta变种毒株持续蔓延，过早退出刺激计划将造成极大的风险。\n当地时间周三和周四，美联储主席鲍威尔将接受国会议员的质询。投资者将密切关注鲍威尔会否释放在7月美联储会议上开始讨论缩减资产购买规模的信号。\n荷兰国际集团(ING)首席国际经济学家James Knightley表示，美联储似乎没有理由继续每月购买1200亿美元资产的量化宽松计划，我们将从鲍威尔的证词以及8月杰克逊霍尔会议上寻找有关即将缩减规模的暗示。\n富国银行分析们在周二的一份报告中写道，如果美联储坚守平均通胀目标，使得加息的时点超过市场预期，那么这可能意味着未来利率波动将加剧。\n富国分析师们指出，未来美联储在沟通方面将面临更多挑战，一方面它希望能够继续保持耐心，另一方面市场对美联储对待通胀的新策略似乎并不“买账”，这些矛盾应该会加剧宏观市场未来的波动。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"SDS":0.9,"UDOW":0.9,"SSO":0.9,"QQQ":0.9,"SPY":0.9,"ESmain":0.9,"QID":0.9,".DJI":0.9,"DOG":0.9,"MNQmain":0.9,"SPXU":0.9,".SPX":0.9,"SH":0.9,"OEX":0.9,"PSQ":0.9,"TQQQ":0.9,"NQmain":0.9,"DDM":0.9,"QLD":0.9,"UPRO":0.9,"DJX":0.9,"IVV":0.9,"SQQQ":0.9,".IXIC":0.9,"OEF":0.9,"SDOW":0.9,"DXD":0.9}},"isVote":1,"tweetType":1,"viewCount":6307,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":143440711,"gmtCreate":1625812533133,"gmtModify":1703749065461,"author":{"id":"3574164671299178","authorId":"3574164671299178","name":"飞鸟跌穴298884","avatar":"https://static.tigerbbs.com/0a86a1d7644d8cfdcbb622860fd749e7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574164671299178","idStr":"3574164671299178"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/143440711","repostId":"2150320298","repostType":4,"isVote":1,"tweetType":1,"viewCount":5622,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153240718,"gmtCreate":1625029646134,"gmtModify":1703850521797,"author":{"id":"3574164671299178","authorId":"3574164671299178","name":"飞鸟跌穴298884","avatar":"https://static.tigerbbs.com/0a86a1d7644d8cfdcbb622860fd749e7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574164671299178","idStr":"3574164671299178"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153240718","repostId":"2147893851","repostType":4,"isVote":1,"tweetType":1,"viewCount":5107,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124908096,"gmtCreate":1624714748115,"gmtModify":1703844027883,"author":{"id":"3574164671299178","authorId":"3574164671299178","name":"飞鸟跌穴298884","avatar":"https://static.tigerbbs.com/0a86a1d7644d8cfdcbb622860fd749e7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574164671299178","idStr":"3574164671299178"},"themes":[],"title":"","htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/124908096","repostId":"1167256448","repostType":4,"repost":{"id":"1167256448","kind":"news","pubTimestamp":1624686286,"share":"https://ttm.financial/m/news/1167256448?lang=en_US&edition=fundamental","pubTime":"2021-06-26 13:44","market":"hk","language":"zh","title":"Xiaomi's entry into car manufacturing has led to a new \"hierarchy of contempt\" for job seekers in the automotive industry.","url":"https://stock-news.laohu8.com/highlight/detail?id=1167256448","media":"全天候科技","summary":"一边是科技造车企业高薪招聘的信息不断更新，一边却是大量求职人员被拒之门外。“小米们”到底在找什么样的人？王珂在向这些科技造车企业求职时的感受，“传统车企好像就是传统守旧、思想僵化的代名词。”随着以小米为代表的科技企业入局造车，它们重金“招兵买马”的消息不断传出，这似乎让汽车从业人员有了更多“跳槽”的机会。","content":"<p>On one hand, information about high-paying job openings from technology car manufacturers is constantly being updated, while on the other hand, a large number of job seekers are being rejected. What kind of people are Xiaomi and others looking for? Who exactly are the talents they are willing to pay over a million annual salaries to poach? Wang Ke (pseudonym) is a marketing manager from a new energy vehicle brand of a traditional domestic automaker. Recently, he wanted to take advantage of the trend of technology-driven car manufacturing to change his \"track\", so he paid attention to job opportunities at several technology companies that have announced car manufacturing, including Xiaomi, 360, and Jidu. But to his surprise, after looking around, he found that his options were very limited.</p><p>“People from (traditional) automotive (companies) are not very popular.” Wang Ke expressed her feelings when applying for jobs at these technology car manufacturers. “Traditional car companies seem to be synonymous with traditional conservatism and rigid thinking,” Wang Ke said with some helplessness.</p><p>Chen Fan (pseudonym), who has also worked for traditional automakers for many years and is responsible for vehicle tuning, and his colleagues have recently been paying close attention to opportunities in new car manufacturing technology companies. \"Many people are waiting and seeing now,\" Chen Fan said. However, according to Chen Fan, as of now, none of his colleagues have been able to join these new technology companies.</p><p>\"They (technology companies) look down on people from traditional car companies; they all want to develop software.\" Chen Fan and Wang Ke share a similar sentiment on this point.</p><p>As technology companies, represented by Xiaomi, enter the car manufacturing market, news of their heavy investment in recruitment continues to emerge, which seems to give automotive professionals more opportunities to \"change jobs\". But the reality is not like that.</p><p>A screenshot of a conversation between a job seeker and a company circulating online illustrates, from another perspective, the \"rejection\" of talent from traditional automakers by tech companies: \"This is Jidu (<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>(A joint venture with Geely), but I see you're at SAIC Volkswagen, right? Jidu has clearly stated that it doesn't want traditional cars.</p><p>However, the ambitious \"meal tickets\" offered by Xiaomi and others have still made many automakers eager to take action. “Nowadays, all new companies normally offer salary increases of 10%-30% when recruiting. The most talented people negotiate themselves,” said a job seeker from a traditional car company. According to<a href=\"https://laohu8.com/S/SINA\">Sina</a>Financial reports indicate that 360 Auto's job recommendation bonuses alone amount to hundreds of thousands of yuan.</p><p>Data exclusively provided to the Economic Observer by the workplace social networking platform Maimai shows that, according to statistics, among new car manufacturers, the automotive industry has the most people planning to go to Didi and the highest number of interactions. Secondly<a href=\"https://laohu8.com/S/LI\">Li Auto</a>The third place went to Jidu Auto, a collaboration between Baidu and Geely, and the fourth place went to Xiaomi Auto.</p><p>On one hand, information about high-paying job openings from technology car manufacturers is constantly being updated, while on the other hand, a large number of job seekers are being rejected. What kind of people are Xiaomi and others looking for? Who exactly are the talents they are willing to pay over a million annual salaries to poach?</p><p><b>1、</b><b><b>Selective \"poaching\"</b></b></p><p>While employees of traditional automakers are receiving a \"cold reception\" when seeking employment, new car manufacturers have become a key target for technology car manufacturers to \"poach\" talent.</p><p>In May<a href=\"https://laohu8.com/S/NIO\">Nio</a>At the car launch event, Li Bin, founder and chairman of Nio, lamented, \"There have been so many people poaching us lately that we have no choice but to hide all our colleagues' information.\" Since it was at that time that Baidu, Xiaomi, Didi and others were successively announcing car manufacturing, this was considered the beginning of the talent war between technology companies and new car manufacturers such as \"Wei Xiaoli\". Compared to traditional automakers, these two types of companies are considered more advanced and forward-looking in their car manufacturing concepts and technologies.</p><p>Interestingly, just a few years ago, \"Wei Xiaoli\" was still a \"talent poacher,\" poaching talent from traditional car companies with high salaries. Now, their employees have become highly sought-after by technology car manufacturers. According to reports, Zhu Jiang, former vice president of user development at Nio Automotive, may join Didi Chuxing. In order to retain talent, information has revealed that new car manufacturers have also begun to take action, such as signing more non-compete agreements or increasing employee stock ownership, in order to resist poaching by companies like Xiaomi.</p><p>“This (poaching) is perfectly normal. The industry now needs it (talent) far more quickly than it can supply it. When there’s no water in the ‘pool,’ shouldn’t we go to other people to find water to drink?” said Steven, who works for a new car manufacturer. “If the right opportunity arises, I would certainly consider it. Why not?” Steven said.</p><p>It is worth noting that the fact that employees of traditional automakers are facing job hunting difficulties does not mean that new technology car manufacturers are completely uninterested in talent from traditional automakers. Some senior managers remain targets for emerging technology car manufacturers.</p><p>Recently, media outlets reported that Xiaomi Auto has offered a record-breaking price of over 100 million yuan to poach talent.<a href=\"https://laohu8.com/S/00175\">Geely Automobile</a>Hu Zhengnan, the director of the research institute, will also leave Geely to join Xiaomi in car manufacturing. However, Hu Zhengnan later denied the rumors on his WeChat Moments. An insider at Geely stated that Hu Zhengnan \"has resigned from his position (at Geely Research Institute), but there is no information yet on whether he has left.\" In addition, other information indicates that Didi was looking for a vice president-level person, offering a salary exceeding one million yuan, more than three times that of traditional automakers.</p><p>Because they have invested heavily in the market, technology car manufacturers generally spend lavishly in order to quickly build teams. Zhou Hongbai, founder and chairman of 360 Group, personally issued a call to action on social media, stating that \"the company has fully opened up and provided full support in terms of compensation and benefits.\"</p><p>It is worth noting that the positions currently open by companies like Xiaomi are mainly concentrated in areas such as autonomous driving research and development. According to the recruitment information released by Xiaomi, it involves 20 positions, including autonomous driving data platform, in-vehicle infrastructure, decision planning, and millimeter-wave algorithm. The positions that 360 is seeking with heavy investment include perception fusion algorithms, software architecture, and information security.<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Positions such as driver development.</p><p>This indicates that technology car manufacturers are focusing more on the research and development of core technologies such as autonomous driving, so those currently working in this field may have more opportunities to \"change jobs\".</p><p>According to comments from verified users on Maimai, these companies attract them mainly because of their salaries. In addition, some job seekers claim to be \"Mi Fans,\" playing the nostalgia card.</p><p><b>2、</b><b><b>The \"hierarchy of contempt\" for new employees</b></b></p><p>As various participants gradually arrive, the car manufacturing camp continues to expand, and factions become increasingly clear. In this process, an industry-accepted \"hierarchy of contempt\" for employment has been formed.</p><p>On the Maimai platform, automotive industry professionals generally agree that the ranking of job-seeking options is: first- and second-tier new car manufacturers, new brands incubated by traditional car companies, traditional OEMs, and second- and third-tier new car manufacturers. Among these companies, R&D positions in cutting-edge technologies such as autonomous driving are superior.</p><p>Therefore, those who join the autonomous driving industry are considered to have \"landed\". Zhao Jun (pseudonym) is one of the \"lucky ones\". Zhao Jun is 25 years old this year. He graduated just a few years ago and is now working as an engineer for an autonomous driving project at a technology company. Prior to this, he worked briefly at a traditional car company.</p><p>Zhao Jun recalled that when he was looking for a job, his current company was recruiting, and the requirements for experience were low. \"During the interview, I asked about the use of some commonly used testing tools in the automotive industry, as well as some simple tool programming skills.\" After successfully joining the company, Zhao Jun conducted outsourced adas (Advanced Driver Assistance System) testing.</p><p>Zhao Jun said that he decided to join his current company not only because his previous job at a traditional car company changed frequently and he was somewhat overwhelmed, but also because he saw a video of a well-known company's CEO expressing his views on the future of autonomous driving, which deeply moved him. \"Another problem is that traditional car companies' salaries are really too low, and they almost never give raises,\" Zhao Jun said. After joining this company, his salary level and raise system were better than those of traditional car companies.</p><p>\"More importantly, I've been exposed to more things, my horizons have broadened, and I'm able to see future trends more clearly.\" Based on this, Zhao Jun is able to accept the longer working hours at his current company. \"Previously, there were weekdays, but later it became a full day off, so the schedule was extremely full.\"</p><p>If he were to change jobs again, Zhao Jun said he would choose a new car manufacturer, an internet company, or an autonomous driving company.<a href=\"https://laohu8.com/S/V03.SI\">Startup company</a>。 \"The reason is simple: I feel that companies with these backgrounds pay more wages.\"</p><p>Regarding whether to consider new technology car manufacturing companies like Xiaomi, Zhao Jun said, \"I have considered it, but at present, people with little experience in the industry cannot get in. They basically need experienced people with at least three years of experience who can work as soon as they come. The industry is developing too fast now, and everyone hopes to quickly implement and commercialize it. No company is too willing to spend time training people, so at present, I may not go.\"</p><p>Despite being considered to be at the top of the industry's \"hierarchy of contempt,\" Zhao Jun said his colleagues are also currently observing more opportunities. \"(Colleagues change jobs) frequently, and (their desire to change jobs) is also very strong. They should consider autonomous driving startups and emerging players more. I rarely hear of anyone returning to traditional car companies like Great Wall Motors and Geely.\"</p><p>However, not everyone is eager for Xiaomi to manufacture cars, and some automotive professionals have shown \"indifference\" to technology car manufacturers. Steven, from a new car manufacturer, said that if it wasn't a company he was optimistic about, he wouldn't go there even if it offered him a high salary.</p><p>“This matter (joining a technology car manufacturer) is not actually on my mind for now. Because I think that if you join a company, you hope to grow with it. In an industry, if you can’t delve deeply into it, your personal value will not be significantly enhanced.” In the view of 40-year-old Steven, the higher salaries of technology car manufacturers are no longer the primary attraction for him. Steven joined his current new car manufacturer in 2019, having previously worked at a technology company.</p><p>For those considering switching jobs to tech car manufacturers like Xiaomi, Steven suggests taking another look. “Most of the positions Xiaomi is currently opening are related to industries related to intelligent driving. We don’t know yet whether there are demands in the traditional powertrain and interior and exterior design directions. After all, we don’t know what form Xiaomi will take to make its first car, whether it will start from scratch or cooperate with OEM manufacturing,” Steven said. He added that the positions Xiaomi and others are recruiting for will be very different under different manufacturing models. Currently, there are many rumors of Xiaomi being involved in OEM manufacturing, but none of them have been confirmed.</p><p>Currently, new car manufacturers are still entering the market, and the car manufacturing race will be more competitive than ever before. This means that the \"talent war\" in the automotive industry will become increasingly fierce.</p><p>In April of this year, Xia Yiping, CEO of Jidu Auto, said that Jidu Auto's core team currently consists of about 100 people and plans to expand to 2,500-3,000 people by the end of next year. These people will undoubtedly come from other companies' talent pools. How to maintain its talent pool in this new wave of car manufacturing has become a question that every company needs to carefully consider.</p>","source":"qthkj","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>Xiaomi's entry into car manufacturing has led to a new \"hierarchy of contempt\" for job seekers in the automotive industry.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXiaomi's entry into car manufacturing has led to a new \"hierarchy of contempt\" for job seekers in the automotive industry.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">全天候科技</strong><span class=\"h-time small\">2021-06-26 13:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On one hand, information about high-paying job openings from technology car manufacturers is constantly being updated, while on the other hand, a large number of job seekers are being rejected. What kind of people are Xiaomi and others looking for? Who exactly are the talents they are willing to pay over a million annual salaries to poach? Wang Ke (pseudonym) is a marketing manager from a new energy vehicle brand of a traditional domestic automaker. Recently, he wanted to take advantage of the trend of technology-driven car manufacturing to change his \"track\", so he paid attention to job opportunities at several technology companies that have announced car manufacturing, including Xiaomi, 360, and Jidu. But to his surprise, after looking around, he found that his options were very limited.</p><p>“People from (traditional) automotive (companies) are not very popular.” Wang Ke expressed her feelings when applying for jobs at these technology car manufacturers. “Traditional car companies seem to be synonymous with traditional conservatism and rigid thinking,” Wang Ke said with some helplessness.</p><p>Chen Fan (pseudonym), who has also worked for traditional automakers for many years and is responsible for vehicle tuning, and his colleagues have recently been paying close attention to opportunities in new car manufacturing technology companies. \"Many people are waiting and seeing now,\" Chen Fan said. However, according to Chen Fan, as of now, none of his colleagues have been able to join these new technology companies.</p><p>\"They (technology companies) look down on people from traditional car companies; they all want to develop software.\" Chen Fan and Wang Ke share a similar sentiment on this point.</p><p>As technology companies, represented by Xiaomi, enter the car manufacturing market, news of their heavy investment in recruitment continues to emerge, which seems to give automotive professionals more opportunities to \"change jobs\". But the reality is not like that.</p><p>A screenshot of a conversation between a job seeker and a company circulating online illustrates, from another perspective, the \"rejection\" of talent from traditional automakers by tech companies: \"This is Jidu (<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>(A joint venture with Geely), but I see you're at SAIC Volkswagen, right? Jidu has clearly stated that it doesn't want traditional cars.</p><p>However, the ambitious \"meal tickets\" offered by Xiaomi and others have still made many automakers eager to take action. “Nowadays, all new companies normally offer salary increases of 10%-30% when recruiting. The most talented people negotiate themselves,” said a job seeker from a traditional car company. According to<a href=\"https://laohu8.com/S/SINA\">Sina</a>Financial reports indicate that 360 Auto's job recommendation bonuses alone amount to hundreds of thousands of yuan.</p><p>Data exclusively provided to the Economic Observer by the workplace social networking platform Maimai shows that, according to statistics, among new car manufacturers, the automotive industry has the most people planning to go to Didi and the highest number of interactions. Secondly<a href=\"https://laohu8.com/S/LI\">Li Auto</a>The third place went to Jidu Auto, a collaboration between Baidu and Geely, and the fourth place went to Xiaomi Auto.</p><p>On one hand, information about high-paying job openings from technology car manufacturers is constantly being updated, while on the other hand, a large number of job seekers are being rejected. What kind of people are Xiaomi and others looking for? Who exactly are the talents they are willing to pay over a million annual salaries to poach?</p><p><b>1、</b><b><b>Selective \"poaching\"</b></b></p><p>While employees of traditional automakers are receiving a \"cold reception\" when seeking employment, new car manufacturers have become a key target for technology car manufacturers to \"poach\" talent.</p><p>In May<a href=\"https://laohu8.com/S/NIO\">Nio</a>At the car launch event, Li Bin, founder and chairman of Nio, lamented, \"There have been so many people poaching us lately that we have no choice but to hide all our colleagues' information.\" Since it was at that time that Baidu, Xiaomi, Didi and others were successively announcing car manufacturing, this was considered the beginning of the talent war between technology companies and new car manufacturers such as \"Wei Xiaoli\". Compared to traditional automakers, these two types of companies are considered more advanced and forward-looking in their car manufacturing concepts and technologies.</p><p>Interestingly, just a few years ago, \"Wei Xiaoli\" was still a \"talent poacher,\" poaching talent from traditional car companies with high salaries. Now, their employees have become highly sought-after by technology car manufacturers. According to reports, Zhu Jiang, former vice president of user development at Nio Automotive, may join Didi Chuxing. In order to retain talent, information has revealed that new car manufacturers have also begun to take action, such as signing more non-compete agreements or increasing employee stock ownership, in order to resist poaching by companies like Xiaomi.</p><p>“This (poaching) is perfectly normal. The industry now needs it (talent) far more quickly than it can supply it. When there’s no water in the ‘pool,’ shouldn’t we go to other people to find water to drink?” said Steven, who works for a new car manufacturer. “If the right opportunity arises, I would certainly consider it. Why not?” Steven said.</p><p>It is worth noting that the fact that employees of traditional automakers are facing job hunting difficulties does not mean that new technology car manufacturers are completely uninterested in talent from traditional automakers. Some senior managers remain targets for emerging technology car manufacturers.</p><p>Recently, media outlets reported that Xiaomi Auto has offered a record-breaking price of over 100 million yuan to poach talent.<a href=\"https://laohu8.com/S/00175\">Geely Automobile</a>Hu Zhengnan, the director of the research institute, will also leave Geely to join Xiaomi in car manufacturing. However, Hu Zhengnan later denied the rumors on his WeChat Moments. An insider at Geely stated that Hu Zhengnan \"has resigned from his position (at Geely Research Institute), but there is no information yet on whether he has left.\" In addition, other information indicates that Didi was looking for a vice president-level person, offering a salary exceeding one million yuan, more than three times that of traditional automakers.</p><p>Because they have invested heavily in the market, technology car manufacturers generally spend lavishly in order to quickly build teams. Zhou Hongbai, founder and chairman of 360 Group, personally issued a call to action on social media, stating that \"the company has fully opened up and provided full support in terms of compensation and benefits.\"</p><p>It is worth noting that the positions currently open by companies like Xiaomi are mainly concentrated in areas such as autonomous driving research and development. According to the recruitment information released by Xiaomi, it involves 20 positions, including autonomous driving data platform, in-vehicle infrastructure, decision planning, and millimeter-wave algorithm. The positions that 360 is seeking with heavy investment include perception fusion algorithms, software architecture, and information security.<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Positions such as driver development.</p><p>This indicates that technology car manufacturers are focusing more on the research and development of core technologies such as autonomous driving, so those currently working in this field may have more opportunities to \"change jobs\".</p><p>According to comments from verified users on Maimai, these companies attract them mainly because of their salaries. In addition, some job seekers claim to be \"Mi Fans,\" playing the nostalgia card.</p><p><b>2、</b><b><b>The \"hierarchy of contempt\" for new employees</b></b></p><p>As various participants gradually arrive, the car manufacturing camp continues to expand, and factions become increasingly clear. In this process, an industry-accepted \"hierarchy of contempt\" for employment has been formed.</p><p>On the Maimai platform, automotive industry professionals generally agree that the ranking of job-seeking options is: first- and second-tier new car manufacturers, new brands incubated by traditional car companies, traditional OEMs, and second- and third-tier new car manufacturers. Among these companies, R&D positions in cutting-edge technologies such as autonomous driving are superior.</p><p>Therefore, those who join the autonomous driving industry are considered to have \"landed\". Zhao Jun (pseudonym) is one of the \"lucky ones\". Zhao Jun is 25 years old this year. He graduated just a few years ago and is now working as an engineer for an autonomous driving project at a technology company. Prior to this, he worked briefly at a traditional car company.</p><p>Zhao Jun recalled that when he was looking for a job, his current company was recruiting, and the requirements for experience were low. \"During the interview, I asked about the use of some commonly used testing tools in the automotive industry, as well as some simple tool programming skills.\" After successfully joining the company, Zhao Jun conducted outsourced adas (Advanced Driver Assistance System) testing.</p><p>Zhao Jun said that he decided to join his current company not only because his previous job at a traditional car company changed frequently and he was somewhat overwhelmed, but also because he saw a video of a well-known company's CEO expressing his views on the future of autonomous driving, which deeply moved him. \"Another problem is that traditional car companies' salaries are really too low, and they almost never give raises,\" Zhao Jun said. After joining this company, his salary level and raise system were better than those of traditional car companies.</p><p>\"More importantly, I've been exposed to more things, my horizons have broadened, and I'm able to see future trends more clearly.\" Based on this, Zhao Jun is able to accept the longer working hours at his current company. \"Previously, there were weekdays, but later it became a full day off, so the schedule was extremely full.\"</p><p>If he were to change jobs again, Zhao Jun said he would choose a new car manufacturer, an internet company, or an autonomous driving company.<a href=\"https://laohu8.com/S/V03.SI\">Startup company</a>。 \"The reason is simple: I feel that companies with these backgrounds pay more wages.\"</p><p>Regarding whether to consider new technology car manufacturing companies like Xiaomi, Zhao Jun said, \"I have considered it, but at present, people with little experience in the industry cannot get in. They basically need experienced people with at least three years of experience who can work as soon as they come. The industry is developing too fast now, and everyone hopes to quickly implement and commercialize it. No company is too willing to spend time training people, so at present, I may not go.\"</p><p>Despite being considered to be at the top of the industry's \"hierarchy of contempt,\" Zhao Jun said his colleagues are also currently observing more opportunities. \"(Colleagues change jobs) frequently, and (their desire to change jobs) is also very strong. They should consider autonomous driving startups and emerging players more. I rarely hear of anyone returning to traditional car companies like Great Wall Motors and Geely.\"</p><p>However, not everyone is eager for Xiaomi to manufacture cars, and some automotive professionals have shown \"indifference\" to technology car manufacturers. Steven, from a new car manufacturer, said that if it wasn't a company he was optimistic about, he wouldn't go there even if it offered him a high salary.</p><p>“This matter (joining a technology car manufacturer) is not actually on my mind for now. Because I think that if you join a company, you hope to grow with it. In an industry, if you can’t delve deeply into it, your personal value will not be significantly enhanced.” In the view of 40-year-old Steven, the higher salaries of technology car manufacturers are no longer the primary attraction for him. Steven joined his current new car manufacturer in 2019, having previously worked at a technology company.</p><p>For those considering switching jobs to tech car manufacturers like Xiaomi, Steven suggests taking another look. “Most of the positions Xiaomi is currently opening are related to industries related to intelligent driving. We don’t know yet whether there are demands in the traditional powertrain and interior and exterior design directions. After all, we don’t know what form Xiaomi will take to make its first car, whether it will start from scratch or cooperate with OEM manufacturing,” Steven said. He added that the positions Xiaomi and others are recruiting for will be very different under different manufacturing models. Currently, there are many rumors of Xiaomi being involved in OEM manufacturing, but none of them have been confirmed.</p><p>Currently, new car manufacturers are still entering the market, and the car manufacturing race will be more competitive than ever before. This means that the \"talent war\" in the automotive industry will become increasingly fierce.</p><p>In April of this year, Xia Yiping, CEO of Jidu Auto, said that Jidu Auto's core team currently consists of about 100 people and plans to expand to 2,500-3,000 people by the end of next year. These people will undoubtedly come from other companies' talent pools. How to maintain its talent pool in this new wave of car manufacturing has become a question that every company needs to carefully consider.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/DnyQ7n4h8IL2H4ni81x-hw\">全天候科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/edb5904d62b10798f760277be625646d","relate_stocks":{"01810":"小米集团-W"},"source_url":"https://mp.weixin.qq.com/s/DnyQ7n4h8IL2H4ni81x-hw","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167256448","content_text":"一边是科技造车企业高薪招聘的信息不断更新，一边却是大量求职人员被拒之门外。“小米们”到底在找什么样的人？到底谁才是他们不惜拿出超百万年薪挖墙角的人才？\n\n王珂（化名）是一位来自国内某传统车企新能源汽车品牌的营销管理层人员，最近他想趁着科技造车的风口换个“跑道”，因此留意了包括小米、360、集度等多家宣布造车的科技公司工作机会。但让他没想到的是，看了一圈后，他发现自己的选择空间非常小。\n“（传统）汽车（企业）出身的人都不太受待见。”王珂在向这些科技造车企业求职时的感受，“传统车企好像就是传统守旧、思想僵化的代名词。”王珂有些无奈地表示。\n同样在传统车企工作多年，负责车辆调教工作的陈凡（化名）和他的同事们，近期也非常关注新造车科技公司的机会，“现在观望的人很多”，陈凡说。但据陈凡透露，截至目前身边还没有同事能够进入这些新科技公司。\n“他们（科技公司）看不上传统车企的人，都要搞软件的。”在这一点上，陈凡与王珂有着相似的感受。\n随着以小米为代表的科技企业入局造车，它们重金“招兵买马”的消息不断传出，这似乎让汽车从业人员有了更多“跳槽”的机会。但现实情况却并非如此。\n网络上一张由求职者提供的其与企业的对话截图，从另一个侧面印证着科技造车公司对传统车企人才的“排斥”：“这边是集度（百度和吉利的合资公司），但是我看你是在上汽大众是吧，集度明确表示不要传统汽车的。”\n但小米们开出的豪迈“饭票”，还是让众多车企人士蠢蠢欲动。“现在所有新企业正常招聘都是涨薪10%-30%，很牛的人就自己谈喽。”一位来自某传统车企的求职人士表示。而据新浪财经报道，360汽车招聘仅岗位的推荐奖金就共计达数十万元。\n由职场社交平台脉脉独家提供给经济观察报的一份数据显示，据统计，在新造车企业中，汽车圈里计划去滴滴的人最多，互动数量最高；其次是理想汽车，第三名是百度和吉利合作的集度汽车，第四名是小米汽车。\n一边是科技造车企业高薪招聘的信息不断更新，一边却是大量求职人员被拒之门外。“小米们”到底在找什么样的人？到底谁才是他们不惜拿出超百万年薪挖墙角的人才？\n1、选择性“挖角”\n在传统车企从业人员求职遭“冷遇”的同时，新造车企业却成了科技造车企业“挖人”的重点方向。\n在5月蔚来汽车的发布会上，蔚来创始人、董事长李斌感慨，“最近挖我们的人实在太多了，没办法，我们要把同事的信息都隐藏一下。”由于彼时正值百度、小米、滴滴等陆续宣布造车，这被认为是科技公司和“蔚小理”等新造车企业抢人大战的开始。与传统车企相比，这两类企业在造车理念和技术上被认为更加先进和超前。\n值得玩味的是，就在几年前，“蔚小理”还是“挖角者”的角色，曾高薪从传统车企挖人，而如今他们的员工也成了科技造车公司眼中的“香饽饽”。据报道，原蔚来汽车用户发展副总裁朱江或将加盟滴滴造车。而为了留住人才，有信息透露，新造车企业也已开始采取行动，或增加签订竞业协议，或增加员工持股，以此抵抗小米们的“挖墙脚”。\n“这（挖人）是很正常的，现在这个行业需要着它（人才）的速度已经远远超过了它供给的速度。当‘水池子’里没有水的时候，不得去别人那儿去找水喝吗？”在某新造车企业任职的Steven说。“如果有合适的机会，当然会考虑，为什么不呢？”Steven说。\n值得注意的是，传统车企从业人员求职遇阻，并不意味着科技新造车企业对传统车企的人才完全不感兴趣。一些高层管理人员，仍然是科技新造车企业的目标。\n近日有媒体爆料，小米汽车开出上亿天价“挖角”吉利汽车研究院院长胡峥楠，胡峥楠也将离开吉利加盟小米造车。但随后胡峥楠在朋友圈辟谣。吉利内部人员表示，胡峥楠“（在吉利研究院的）职位撤了，不过走没走还没有消息。”此外，另有信息显示，滴滴曾寻找副总级别的人物，开出的待遇超百万级，是传统车企的三倍以上。\n由于携重金入局，科技造车公司为了迅速组建团队普遍出手阔绰。360集团创始人、董事长周鸿掉更是亲自在社交媒体上广发英雄帖，表示“公司在薪酬待遇方面全面放开、全力支持。\n值得注意的是，“小米”们如今开放的岗位，主要是集中在自动驾驶研发等方面。从小米发布的招聘信息看，涉及自动驾驶数据平台、车载基础架构、决策规划、毫米波算法等20个岗位。360重金寻求的职位则包括感知融合算法、软件架构、信息安全、智能驾驶开发等岗位。\n这表明科技造车公司更加聚焦自动驾驶等核心技术的研发，因此当前这方面的从业人员可能获得更多的“跳槽”机会。\n而根据认证用户在脉脉上的发言，这些企业吸引他们的地方主要是在薪资方面，另外也有求职者自称是“米粉”，打出情怀牌。\n2、新从业“鄙视链”\n随着各方参与者陆续到位，造车阵营持续扩大，且派系逐渐分明。在这个过程中，形成了一条业内默认的就职“鄙视链”。\n在脉脉平台上，汽车从业者普遍认同，求职选择的优劣排序是：一二线新造车企业、传统车企孵化的新品牌、传统主机厂、二三线新造车企业。而在这些企业中，自动驾驶等前沿科技研发岗位更胜一筹。\n因此，加入自动驾驶行业的从业人员被认为是“上了岸”。赵钧（化名）是其中一个“幸运儿”。赵钧今年25岁，毕业刚几年，现在某科技企业担任无人驾驶项目工程师。在此之前，他在一家传统车企短暂工作。\n赵钧回忆称，自己求职时，现在的公司刚好在招聘，而且对于经验的丰富性要求较低。“面试时问了一些汽车行业测试常用工具的使用情况，以及一些简单的工具编程情况。”成功入职后，赵钧在公司做外包adas（高级驾驶辅助系统）测试。\n赵钧表示，决定进入现在这家公司，除了因为之前在传统车企的工作内容变更频繁，有些招架不住，另一个契机是其看到了一家知名公司CEO对未来自动驾驶看法的视频，这让他深受触动。“另外就是，传统车企的工资实在太低了，而且几乎不会涨薪。”赵钧说，他来到这家公司后，薪资水平和涨薪制度都优于传统车企。\n“更重要的是，我接触的东西多了，眼界开拓了，能够更清晰地看清未来的趋势。”基于此，赵钧能够接受现在公司较长的工作时长。“之前大小周，后来变成全单休，安排得特别满。”\n如果再换工作的话，赵钧称会选择新造车企业、互联网公司，或者自动驾驶创业公司。“原因无它，感觉这些背景的公司给的工钱更多。”\n对于是否考虑小米这类新科技造车公司，赵钧表示“考虑过，但目前来说，入行经验少，进不去，他们需要的基本都是三年经验起步的老人，来了就可以干活，现在行业发展太快，都希望可以快速落地商业化，没有公司太愿意花时间培养人，所以目前来说可能不会去。”\n尽管被认为已经处于从业“鄙视链”较顶端的位置，但赵钧说，他的同事们目前也在观望更多的机会。“（同事换工作）变动很频繁，（跳槽的意愿）也很强烈，他们对自动驾驶初创公司和新势力应该考虑的更多，很少听说有谁又回到长城吉利类的传统车企。”\n但并非所有人都对小米造车趋之若鹜，一些汽车从业人员对科技造车企业表现出“无感”。来自某新造车企业的Steven就表示，如果不是自己看好的公司，就算是被高薪挖，也不会去。\n“这个事（加入科技造车企业）其实暂时还不在我的考虑之内。因为我觉得，你如果加入一家企业，更多的是希望能够跟他一块成长。一个行业，如果你没有能够把做深做透的话，你的个人价值是不会得到非常明显提升的。”在40岁的Steven看来，科技造车企业更高的薪资对他而言已经不是第一吸引力。Steven2019年加入现在的新造车企业，在此之前就职于某科技公司。\n对于想跳槽到小米等科技造车企业的人，Steven建议可以再观察一下。“小米现在open的岗位大多和智能驾驶相关的这些行业有关，那么对于传统的动力总成方向、内外饰方向是不是有诉求我们还不知道，毕竟现在也不知道小米会以什么样的形式去做它的第一款车，是从0开始，还是合作代工都不确定。”Steven表示，在不同的制造模式下，“小米”们招聘的岗位也会非常不同。目前，小米代工绯闻对象不少，但均未确定。\n目前来看，新的造车者还在不断入局，造车赛道也将空前激烈。这意味着汽车圈的“抢人大战”将越来越激烈。\n集度汽车CEO夏一平在今年4月表示，当前集度汽车核心团队约100人，到明年年底计划扩大到2500-3000人。而这些人无疑将来源于其它企业人才库。如何在这波造车新浪潮中守住自己的人才储备，已成为每个企业都需要慎重考虑的问题。","news_type":1,"symbols_score_info":{"01810":0.9}},"isVote":1,"tweetType":1,"viewCount":5549,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126356335,"gmtCreate":1624545451627,"gmtModify":1703840010412,"author":{"id":"3574164671299178","authorId":"3574164671299178","name":"飞鸟跌穴298884","avatar":"https://static.tigerbbs.com/0a86a1d7644d8cfdcbb622860fd749e7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574164671299178","idStr":"3574164671299178"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/126356335","repostId":"1180116198","repostType":4,"isVote":1,"tweetType":1,"viewCount":6262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126359753,"gmtCreate":1624545361072,"gmtModify":1703840005336,"author":{"id":"3574164671299178","authorId":"3574164671299178","name":"飞鸟跌穴298884","avatar":"https://static.tigerbbs.com/0a86a1d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20:55","market":"us","language":"zh","title":"Big reveal: Windows 11 is coming tonight! What updates can we see?","url":"https://stock-news.laohu8.com/highlight/detail?id=1121154040","media":"腾讯科技","summary":"被微软CEO纳德拉称之为Windows十年来“最重要的更新”即将到来。","content":"<p>At 11 PM Beijing time on June 24th,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>A new product launch event is about to be held, with what Microsoft CEO Satya Nadella calls the \"most important update\" to Windows in a decade.</p><p>Although Microsoft has not confirmed the upcoming new product release in any public setting, the major leak of the Windows 11 development version on June 16 has made the matter less mysterious. Windows 11 will be the main focus of tonight's launch event, and Microsoft has already showcased the most important update of the decade for Windows to us in all aspects before the event.</p><p>However, this press conference is not entirely without its highlights; there are still some details worth paying attention to.</p><p><b>What improvements can Windows 11 make to touch and gestures?</b></p><p><img src=\"https://static.tigerbbs.com/6bd9316044d53f9972729e9b791817e4\" tg-width=\"641\" tg-height=\"421\" referrerpolicy=\"no-referrer\"></p><p>After experiencing the development version of Windows 11, many people found that this so-called \"major version\" did not make any significant functional improvements compared to the previous Windows 10, except for some Design adjustments to the interface to make it more in line with Microsoft's Fluent Design language.</p><p>Some users even gave it a Windows 10 skin after experiencing the Windows 11 development version.</p><p>To some extent, Windows 11 is indeed not as significant a design improvement as it was when we switched from Win8 to Win10. However, if you understand Microsoft's previous design evolution on Windows, you will find that the current version of Windows 11 actually has a very similar design to Windows 10X, which Microsoft has already canceled.</p><p>Features that appeared in the Windows 11 development version, such as \"centering the Start Menu and multitasking on the same screen,\" were originally standard features of Windows 10X.</p><p>Therefore, the leaked Windows 11 is more like an iteration of the previous Windows 10X. However, since 10X is a product designed by Microsoft for dual touch screens, what touch-enabled features Windows 11 will add to the system will be an important point of interest at tonight's launch event.</p><p>Microsoft has confirmed that it plans to \"innovate and develop exciting sensor technologies\" for future versions of Windows. As part of Windows 11 or an upcoming Windows update, popular features such as \"user presence detection,\" gesture detection, and ambient light will be improved to \"deliver a dazzling user experience on Windows.\"</p><p>This means that Microsoft hopes to achieve a fusion of desktop and mobile devices through the new Windows 11. Although Microsoft's current mobile phone projects are basically in a semi-abandoned state, the Surface still requires touch operation to achieve an excellent experience in more usage scenarios. Therefore, the improvements in touch and gestures in Windows 11 are very important.</p><p><b>Brand new Windows App Store?</b></p><p><img src=\"https://static.tigerbbs.com/f95bc54f95bce56f6cd39680c5670f5e\" tg-width=\"641\" tg-height=\"410\" referrerpolicy=\"no-referrer\"></p><p>Although MacOS's App Store doesn't have a strong presence, the App Store currently offered by Windows 10 seems even less important in comparison.</p><p>However, this may be greatly improved in Windows 11, which arrives tonight.</p><p>According to media reports, Microsoft has been developing a brand new app store that is more inclusive and free. Microsoft plans to introduce more developers to the new app store, such as apps like Chorme or Firefox, which will be available for download in the Microsoft app store in the future.</p><p>Another major improvement will be in the payment mechanism. Microsoft may allow developers to bypass Microsoft's payment mechanism in the new App store and make in-app payments through third-party payment mechanisms in exchange for a 15% reduction in Microsoft's commission.</p><p>Don't be surprised if this comes true at tonight's press conference, since Microsoft is now uniting with Epic to resist...<a href=\"https://laohu8.com/S/AAPL\">Apple</a>The App Store's high \"Apple tax\". This move could influence the reshuffling of app service pricing methods by large companies like Microsoft, Apple, and Google in the coming years.</p><p>Microsoft recently announced that it will reduce the purchase commission for games listed in its App Store from 30% to 12%. This significant discount has put a lot of pressure on App stores like Steam.</p><p><b>Will Windows 11 focus on improving the user experience for professional users?</b></p><p>As the world's largest desktop operating system, Windows' professional capabilities have been overlooked by many people. In this Windows 11 development version, we actually saw Microsoft's optimizations and improvements for some professional users.</p><p>In the new Windows 11, Microsoft has improved the display for switching between multiple desktops, while also providing better support for multiple monitors. This has, to some extent, solved the problems that high-end users have accumulated over many years regarding multitasking.</p><p><img src=\"https://static.tigerbbs.com/e9e63bb5de9abe3a6b4ddd323172017f\" tg-width=\"641\" tg-height=\"513\" referrerpolicy=\"no-referrer\"></p><p>Meanwhile, Windows 11 has also focused more on improving the experience for game users. On this brand-new operating system, the new Xbox app is now integrated into Windows 11, providing quick access to Xbox Game Pass games, the social sections of the Xbox network, and the Xbox Store.</p><p>Meanwhile, Windows 11 has already been tested on XBox, and we hope to see more XBox features incorporated into the desktop, such as providing automatic HDR display or faster game loading speeds, to improve the PC gaming experience.</p><p><b>Free upgrade?</b></p><p><img src=\"https://static.tigerbbs.com/3eb69ed623b5cc7b7239d753886fda0b\" tg-width=\"641\" tg-height=\"362\" referrerpolicy=\"no-referrer\"></p><p>Yes, this is what we most want to see on Windows 11.</p><p>When Microsoft previously upgraded Windows 7/8 to Windows 10, it used a free upgrade method, allowing all users to upgrade to the corresponding Windows 10 version. We hope that the free service will still appear on Windows 11.</p><p>The market has successfully told Microsoft that there is no point in charging users to upgrade their systems. As an operating system development company, Microsoft relies on OEM licensing and commercial licensing for more of its software revenue. Therefore, it is very likely that Windows 11 will still use the same free upgrade method as Windows 10.</p><p>Although Microsoft has sneaked Windows 11 away, it has actually left us with a lot of suspense. These answers may be revealed when Microsoft officially holds its new product launch event at 11 PM Beijing time on June 24th.</p>","source":"lsy1580517846866","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>Big reveal: Windows 11 is coming tonight! What updates can we see?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBig reveal: Windows 11 is coming tonight! What updates can we see?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">腾讯科技</strong><span class=\"h-time small\">2021-06-24 20:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p>At 11 PM Beijing time on June 24th,<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>A new product launch event is about to be held, with what Microsoft CEO Satya Nadella calls the \"most important update\" to Windows in a decade.</p><p>Although Microsoft has not confirmed the upcoming new product release in any public setting, the major leak of the Windows 11 development version on June 16 has made the matter less mysterious. Windows 11 will be the main focus of tonight's launch event, and Microsoft has already showcased the most important update of the decade for Windows to us in all aspects before the event.</p><p>However, this press conference is not entirely without its highlights; there are still some details worth paying attention to.</p><p><b>What improvements can Windows 11 make to touch and gestures?</b></p><p><img src=\"https://static.tigerbbs.com/6bd9316044d53f9972729e9b791817e4\" tg-width=\"641\" tg-height=\"421\" referrerpolicy=\"no-referrer\"></p><p>After experiencing the development version of Windows 11, many people found that this so-called \"major version\" did not make any significant functional improvements compared to the previous Windows 10, except for some Design adjustments to the interface to make it more in line with Microsoft's Fluent Design language.</p><p>Some users even gave it a Windows 10 skin after experiencing the Windows 11 development version.</p><p>To some extent, Windows 11 is indeed not as significant a design improvement as it was when we switched from Win8 to Win10. However, if you understand Microsoft's previous design evolution on Windows, you will find that the current version of Windows 11 actually has a very similar design to Windows 10X, which Microsoft has already canceled.</p><p>Features that appeared in the Windows 11 development version, such as \"centering the Start Menu and multitasking on the same screen,\" were originally standard features of Windows 10X.</p><p>Therefore, the leaked Windows 11 is more like an iteration of the previous Windows 10X. However, since 10X is a product designed by Microsoft for dual touch screens, what touch-enabled features Windows 11 will add to the system will be an important point of interest at tonight's launch event.</p><p>Microsoft has confirmed that it plans to \"innovate and develop exciting sensor technologies\" for future versions of Windows. As part of Windows 11 or an upcoming Windows update, popular features such as \"user presence detection,\" gesture detection, and ambient light will be improved to \"deliver a dazzling user experience on Windows.\"</p><p>This means that Microsoft hopes to achieve a fusion of desktop and mobile devices through the new Windows 11. Although Microsoft's current mobile phone projects are basically in a semi-abandoned state, the Surface still requires touch operation to achieve an excellent experience in more usage scenarios. Therefore, the improvements in touch and gestures in Windows 11 are very important.</p><p><b>Brand new Windows App Store?</b></p><p><img src=\"https://static.tigerbbs.com/f95bc54f95bce56f6cd39680c5670f5e\" tg-width=\"641\" tg-height=\"410\" referrerpolicy=\"no-referrer\"></p><p>Although MacOS's App Store doesn't have a strong presence, the App Store currently offered by Windows 10 seems even less important in comparison.</p><p>However, this may be greatly improved in Windows 11, which arrives tonight.</p><p>According to media reports, Microsoft has been developing a brand new app store that is more inclusive and free. Microsoft plans to introduce more developers to the new app store, such as apps like Chorme or Firefox, which will be available for download in the Microsoft app store in the future.</p><p>Another major improvement will be in the payment mechanism. Microsoft may allow developers to bypass Microsoft's payment mechanism in the new App store and make in-app payments through third-party payment mechanisms in exchange for a 15% reduction in Microsoft's commission.</p><p>Don't be surprised if this comes true at tonight's press conference, since Microsoft is now uniting with Epic to resist...<a href=\"https://laohu8.com/S/AAPL\">Apple</a>The App Store's high \"Apple tax\". This move could influence the reshuffling of app service pricing methods by large companies like Microsoft, Apple, and Google in the coming years.</p><p>Microsoft recently announced that it will reduce the purchase commission for games listed in its App Store from 30% to 12%. This significant discount has put a lot of pressure on App stores like Steam.</p><p><b>Will Windows 11 focus on improving the user experience for professional users?</b></p><p>As the world's largest desktop operating system, Windows' professional capabilities have been overlooked by many people. In this Windows 11 development version, we actually saw Microsoft's optimizations and improvements for some professional users.</p><p>In the new Windows 11, Microsoft has improved the display for switching between multiple desktops, while also providing better support for multiple monitors. This has, to some extent, solved the problems that high-end users have accumulated over many years regarding multitasking.</p><p><img src=\"https://static.tigerbbs.com/e9e63bb5de9abe3a6b4ddd323172017f\" tg-width=\"641\" tg-height=\"513\" referrerpolicy=\"no-referrer\"></p><p>Meanwhile, Windows 11 has also focused more on improving the experience for game users. On this brand-new operating system, the new Xbox app is now integrated into Windows 11, providing quick access to Xbox Game Pass games, the social sections of the Xbox network, and the Xbox Store.</p><p>Meanwhile, Windows 11 has already been tested on XBox, and we hope to see more XBox features incorporated into the desktop, such as providing automatic HDR display or faster game loading speeds, to improve the PC gaming experience.</p><p><b>Free upgrade?</b></p><p><img src=\"https://static.tigerbbs.com/3eb69ed623b5cc7b7239d753886fda0b\" tg-width=\"641\" tg-height=\"362\" referrerpolicy=\"no-referrer\"></p><p>Yes, this is what we most want to see on Windows 11.</p><p>When Microsoft previously upgraded Windows 7/8 to Windows 10, it used a free upgrade method, allowing all users to upgrade to the corresponding Windows 10 version. We hope that the free service will still appear on Windows 11.</p><p>The market has successfully told Microsoft that there is no point in charging users to upgrade their systems. As an operating system development company, Microsoft relies on OEM licensing and commercial licensing for more of its software revenue. Therefore, it is very likely that Windows 11 will still use the same free upgrade method as Windows 10.</p><p>Although Microsoft has sneaked Windows 11 away, it has actually left us with a lot of suspense. These answers may be revealed when Microsoft officially holds its new product launch event at 11 PM Beijing time on June 24th.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/g8NrMXShsncnruGuc8TTjw\">腾讯科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/a04bf2da8ab76e823e11aa8e2f8fa5a2","relate_stocks":{"MSFT":"微软"},"source_url":"https://mp.weixin.qq.com/s/g8NrMXShsncnruGuc8TTjw","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121154040","content_text":"北京时间6月24日晚11点，微软将召开一场新品发布会，被微软CEO纳德拉称之为Windows十年来“最重要的更新”即将到来。\n尽管微软并没有在任何的公开场合确认过即将发布的新品，但因为6月16日Windows 11开发版本的重大泄露，让这件事变得没有那么神秘了。Windows 11将会成为今晚发布会的主角，而微软口中Windows十年最重要的更新，也已经在发布会之前就全方位的展示给我们了。\n但关于这场发布会，也不能说完全没有看点，其中还有一些细节值得我们关注。\nWindows 11在触摸和手势上能有何改善？\n\n很多人在体验过Windows 11的开发版本之后，发现这个所谓的“大版本”和之前的Windows 10相比，除了在界面上进行了一些设计调整，让它更贴合微软Fluent Design设计语言外，并让没有非常明显的功能性改进。\n甚至有的用户在体验完Windows 11开发版之后，给它了一个Windows 10皮肤的定位。\n从一定程度上讲，Windows 11确实不如之前从Win8转Win10时，设计改进巨大。但实际上如果你了解之前微软在Windows上的设计演进外，你会发现当下这个版本Windows 11实际上和已经被微软砍掉的Windows 10X有着极为相似的设计。\n包括“开始菜单居中、同屏多任务布局”等等在Windows 11开发版上出现的功能，原来都是Windows 10X的标配。\n所以目前泄露的Windows 11，更像是之前Windows 10X的迭代版本。但由于10X是微软为触摸双屏幕打造的产品，因此Windows 11将会在系统上增加哪些支持触摸操作的特性，将会成为今晚发布会上重要的看点。\n微软方面已经确认，正计划为未来的Windows版本 “创新和开发令人兴奋的传感器技术”。作为Windows 11或即将到来的Windows更新的一部分，“用户存在检测”、手势检测和环境光等流行功能将得到改进，以 “实现Windows上令人眼花缭乱的用户体验”。\n这意味着微软希望通过新的Windows 11来实现桌面和移动端的融合，尽管微软目前的手机项目基本上处于半放弃状态，但Surface依然需要触摸操作来实现在更多使用场景下的出色体验，因此Windows 11在触摸和手势上的改进，非常重要。\n全新的Windows App Store？\n\n尽管MacOS的App Store存在感也不强，但是相比之下，Windows 10目前提供的应用商店显得更加鸡肋。\n不过这件事可能会在今晚到来的Windows 11上大为改善。\n据媒体报道，微软一直在开发一个全新的应用商店，它更加的海纳百川也更加的自由。微软计划在新的应用商店中引入更多的开发者，比如Chorme或者Firefox这样的应用，未来都可以在微软应用商店进行下载。\n另外一个重大的改进，将会是支付机制上。微软或许将在新的应用商店中允许开发者绕过微软的支付机制，通过第三方的支付机制实现App内付款，以换得减免15%的微软抽成。\n如果这件事在今天晚上的发布会上成真，请别惊讶，毕竟微软现在正和Epic统一战线，以抵制苹果App Store高昂的“苹果税”。此举可能会影响到未来几年内，微软、苹果、Google这样的大公司，在应用服务上的收费方式重新洗牌。\n微软最近也宣布了将自家App Store中上架游戏的购买抽成从之前的30%降到12%，这大幅的优惠，让Steam这样的应用商店倍感压力。\nWindows 11将重点提升专业用户的使用感受？\nWindows作为全球最大的桌面操作系统，其专业能力其实一直被很多人忽视。而在此次Windows 11开发版中，我们其实看到了微软对于一些专业用户的优化改进。\n微软在新的Windows 11中，改善了多桌面之间切换的显示方式，同时对于多显示器的支持，也更加的出色，这从一定程度上解决了高端用户对于多任务处理上，多年积累的问题。\n\n同时Windows 11也更专注的改善了游戏用户的体验。在这套全新的操作系统上，新的Xbox应用程序现已集成到Windows 11中，提供对Xbox Game Pass游戏、Xbox网络的社交部分和Xbox商店的快速访问。\n同时目前Windows 11也已经在XBox上进行了测试，我们也希望看到更多XBox的功能被纳入到桌面端来，比如提供自动HDR显示功能，或者是更快的游戏加载速度等等，一次提升PC在游戏方面的体验。\n免费升级？\n\n是的，这是我们最希望在Windows 11上看到的。\n微软之前在Windows 7/8升级Windows 10时，采用了免费升级的方式，所有用户都可以升级对应的Win10版本。我们希望免费这件事，依然会出现在Windows 11上。\n市场已经成功的告诉微软，从用户手里收钱升级系统这件事是没有意义的，微软作为一家操作系统开发公司，更多软件的收入要来自OEM授权和商业许可。因此很有可能Win11依然会采用之前Win10免费升级的方式。\n尽管微软Windows 11已经偷跑，但实际上微软还是留下了不少悬念给我们。北京时间6月24日23点，微软正式召开新品发布会之时，这些答案可能会被揭开。","news_type":1,"symbols_score_info":{"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":6084,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129729459,"gmtCreate":1624398684971,"gmtModify":1703835323504,"author":{"id":"3574164671299178","authorId":"3574164671299178","name":"飞鸟跌穴298884","avatar":"https://static.tigerbbs.com/0a86a1d7644d8cfdcbb622860fd749e7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574164671299178","idStr":"3574164671299178"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/129729459","repostId":"1184471845","repostType":4,"repost":{"id":"1184471845","kind":"news","weMediaInfo":{"introduction":"格隆汇旗下公众号。分享和探讨港股、美国中概股以及少量估值确有吸引力之A股的投资线索、投资机会与投资心得.","home_visible":1,"media_name":"格隆汇投资学苑","id":"3","head_image":"https://static.tigerbbs.com/5d7d04eb4f16b0013ed2c39f71b84b6c"},"pubTimestamp":1624338169,"share":"https://ttm.financial/m/news/1184471845?lang=en_US&edition=fundamental","pubTime":"2021-06-22 13:02","market":"us","language":"zh","title":"5 trillion yuan in funds are \"hiding\" from the Federal Reserve, indicating that a global liquidity turning point is approaching!","url":"https://stock-news.laohu8.com/highlight/detail?id=1184471845","media":"格隆汇投资学苑","summary":"“水漫金山”已经成为现实，美国资本市场上泛滥的资金正面临着无处可去的境地。","content":"<p>What are institutions worried about? In the biblical story, in order to escape the great flood, the animals boarded Noah's Ark and survived.</p><p>Today, the \"flooding of gold mountains\" has become a reality, and the flooding of funds in the US capital market is facing a situation where there is nowhere to go.</p><p>In recent weeks, the Federal Reserve's use of overnight reverse repos has been breaking historical records almost every day. As of June 18, the transaction volume reached $747.1 billion (approximately RMB 4.8 trillion), compared to a record high of $756 billion the previous day.</p><p><img src=\"https://static.tigerbbs.com/35d704eca454097f1c1fd735cad294c9\" tg-width=\"1080\" tg-height=\"653\" referrerpolicy=\"no-referrer\"></p><p>The previous record was $485.3 billion on May 27, and the last one was $476 billion at the end of December 2015.</p><p>The ever-increasing scale of reverse repos is precisely the result of severe excess liquidity heading towards \"Noah's Ark\".</p><p><b>1. What are institutions worried about with the surge in reverse repos?</b></p><p>Reverse repos in the United States are the exact opposite of those in China. Financial institutions purchase bonds and securities from the Federal Reserve, which is equivalent to the central bank withdrawing a portion of market liquidity. The initiator of the transaction is the financial institution. The situation of \"gun guidance\" cannot be said to be non-existent, but it is rare in history.</p><p>In other words, financial institutions are voluntarily returning some liquidity to the central bank, and this desire is becoming increasingly strong.</p><p>There are three direct causes of this phenomenon:</p><p><b>First, the Federal Reserve's reduction in the TGA account has led to an accelerated injection of liquidity into the market in the short term.</b>。</p><p>TGA—The Treasury General Account—can be simply understood as a deposit Account opened by The U.S. Treasury Department at The central bank. This Account does not create additional liquidity, but rather stores a portion of The liquidity brought about by The Federal Reserve's QE.</p><p>During the pandemic last year, the Federal Reserve's TGA account climbed from less than $500 billion to more than $1.7 trillion. Since March of this year, the Treasury Department has begun to significantly reduce its cash balance and \"inject blood\" into the banking system, with the goal of reducing the cash balance in the account to $450 billion by the end of July. As of early June, approximately $940 billion had been released.</p><p><img src=\"https://static.tigerbbs.com/be9d8018820ef426e4f3872833bd62fd\" tg-width=\"1080\" tg-height=\"715\" referrerpolicy=\"no-referrer\"></p><p><b>Second, at the June FOMC meeting, the reverse repo rate was raised by 5 basis points to 0.05%.</b></p><p>After more than a year of massive monetary and fiscal stimulus, the federal government’s money market fund’s assets under management exceeded $4 trillion for the first time last month, and its investments are limited to Treasury Bond, which has led to a recent influx of too much money into short-term Treasury Bond and other securities assets. On the other hand, the U.S. Treasury Department recently reduced the issuance of short-term Treasury Bond.</p><p>With supply falling short of demand, some short-term Treasury Bond yields have recently fallen to 0% and are expected to be heading negative.</p><p><img src=\"https://static.tigerbbs.com/1732c6801df2cc0e7ffdb2ad11943391\" tg-width=\"1080\" tg-height=\"607\" referrerpolicy=\"no-referrer\"></p><p>This has led large funds to turn their attention to the Federal Reserve's overnight reverse repos, even though the rate was 0% before the FOMC meeting.</p><p><b>Third, seasonal adjustments.</b>Typically, a surge in overnight reverse repos often occurs at the end of the quarter because Basel III requires financial institutions to temporarily shrink their balance sheets to comply with regulations.</p><p>In March, the Federal Reserve announced that the SLR waiver would not be renewed, raising regulatory standards. Initiating an overnight reverse repurchase application with the Fed can effectively remove deposits from the balance sheet and reduce overall leverage.</p><p>In summary,<b>The abundance of liquidity has put significant pressure on short-term interest rates. Financial institutions, concerned about negative interest rates, have chosen to lock up some cash using reverse repurchase rates, while the FOMC meeting's rate hikes have further stimulated the expansion of trading volume.</b>。</p><p>The Federal Reserve's Interest Rate Corridor sets an upper limit on the excess reserve rate and a lower limit on the overnight reverse repurchase rate, because commercial banks are unwilling to lend in the market at rates lower than those available directly by depositing cash with the Federal Reserve. Therefore, as Powell said at the press conference, overnight reverse repos \"worked very well... to protect the floor of interest rates.\"</p><p>Currently, the demand for tools to control short-term interest rates continues to reach new highs, which, regardless of what Federal Reserve officials say, indicates that a liquidity tightening is approaching.</p><p><b>2. How far away is the liquidity inflection point?</b></p><p><b>Crozier said that all history is contemporary history.</b>The present and the past may differ in minor details, but the logic of how things work remains the same.</p><p>This is the third time since the Federal Reserve was founded in 1914 that funds have launched a large-scale \"attack\" on overnight reverse repos, the most recent being in 2013. At that time, the economy was entering a recovery phase, but the unemployment rate was still around 7%, and inflation was expected to be strong, causing short-term market interest rates to continue to decline, largely the same as they are now.</p><p>The scale of reverse repos, which began at the end of 2013, surged and peaked in December 2016. Major events in between included: the Federal Reserve clearly stated in February 2014 that it would exit QE in the fall of that year, and announced a rate hike on December 16, 2015.</p><p><img src=\"https://static.tigerbbs.com/0e9561b4c095ecbae6c3ec18367deb73\" tg-width=\"1080\" tg-height=\"673\" referrerpolicy=\"no-referrer\"></p><p>In other words, the abnormal movements in reverse repos have been consistent throughout the entire rate hike cycle, and it is not surprising that they are seen as a signal that a liquidity inflection point is about to arrive.</p><p><b>rate hike expectations rise, discussions, signals are released, and implementation is announced</b>This is a consistent process for the Federal Reserve's policy changes. The figures for reverse repos are not sufficient to predict when QE will exit or when a rate hike will arrive, but they undoubtedly indicate that the most dovish period has passed.</p><p>If you're already at the bottom, the next step will be to move upwards.</p><p>The June FOMC meeting released a \"hawkish\" signal. The dot plot shows that 13 out of 18 officials support at least one rate hike by the end of 2023, compared to 7 in March; Eleven officials expect to visit rate hike at least twice by the end of 2023; The seven committee members are expected to begin their rate hike in 2022.</p><p>Based on past rate hike processes, the most panicked period in the market often occurs between the clear signal of tightening and its official implementation, and before the signal is confirmed, anxiety has already begun to dominate the market. During the panic in 2013, risk-free rates (mainly short-term Treasury Bond) rose significantly, the US Dollar Index rose, emerging market stock markets plummeted, and prices of precious metals such as gold and silver plummeted.</p><p>Investors' risk appetite in the market can be roughly divided into levels.<b>\"Bitcoin—Commodities—Stock Market—Reverse Repurchase\"</b>。 Clearly, investor sentiment is gradually declining. First, cryptocurrencies crashed, with BTC falling from $60,000 to over $30,000. Commodity bubbles are also bursting, with LME copper falling more than 13% from a high of $10,700, US stocks fluctuating at high levels, and reverse repurchase transactions surging.</p><p><img src=\"https://static.tigerbbs.com/825c1bd33decd250ca5600a35a173af6\" tg-width=\"1080\" tg-height=\"708\" referrerpolicy=\"no-referrer\"></p><p>As conditions for liquidity tightening gradually mature, the market will gradually reduce its downward trend. This impact will be transmitted to the stock market along the chain. The impact may not be trend-based, but overvalued stocks will still face pressure, similar to the sell-off in February.</p><p>Before the turning point arrives, the panic caused by expectations is the main reason affecting asset prices.</p><p><b>3. Conclusion</b></p><p>Everyone understands that the global liquidity turning point will eventually arrive, but when it will happen depends solely on the Federal Reserve, not even on inflation.</p><p>\"Don't go against the Federal Reserve\" doesn't mean you can continue chasing high prices in casinos. Don't forget that even in China, where liquidity was the first to turn around, liquidity is still ample; it's just a temporary stabilization measure. Once the inflection point signal is established, another sell-off to complete the value reversion is the reasonable logic.</p><p>Charlie Munger once said that if I knew where I would die, I would never go there. But the only lesson history teaches us is that people have never learned any lessons from history, and most people feel that they will not be the last to take over.</p><p>As winter approaches, survival is more important than anything else.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>5 trillion yuan in funds are \"hiding\" from the Federal Reserve, indicating that a global liquidity turning point is approaching!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n5 trillion yuan in funds are \"hiding\" from the Federal Reserve, indicating that a global liquidity turning point is approaching!\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/3\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/5d7d04eb4f16b0013ed2c39f71b84b6c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">格隆汇投资学苑 </p>\n<p class=\"h-time smaller\">2021-06-22 13:02</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>What are institutions worried about? In the biblical story, in order to escape the great flood, the animals boarded Noah's Ark and survived.</p><p>Today, the \"flooding of gold mountains\" has become a reality, and the flooding of funds in the US capital market is facing a situation where there is nowhere to go.</p><p>In recent weeks, the Federal Reserve's use of overnight reverse repos has been breaking historical records almost every day. As of June 18, the transaction volume reached $747.1 billion (approximately RMB 4.8 trillion), compared to a record high of $756 billion the previous day.</p><p><img src=\"https://static.tigerbbs.com/35d704eca454097f1c1fd735cad294c9\" tg-width=\"1080\" tg-height=\"653\" referrerpolicy=\"no-referrer\"></p><p>The previous record was $485.3 billion on May 27, and the last one was $476 billion at the end of December 2015.</p><p>The ever-increasing scale of reverse repos is precisely the result of severe excess liquidity heading towards \"Noah's Ark\".</p><p><b>1. What are institutions worried about with the surge in reverse repos?</b></p><p>Reverse repos in the United States are the exact opposite of those in China. Financial institutions purchase bonds and securities from the Federal Reserve, which is equivalent to the central bank withdrawing a portion of market liquidity. The initiator of the transaction is the financial institution. The situation of \"gun guidance\" cannot be said to be non-existent, but it is rare in history.</p><p>In other words, financial institutions are voluntarily returning some liquidity to the central bank, and this desire is becoming increasingly strong.</p><p>There are three direct causes of this phenomenon:</p><p><b>First, the Federal Reserve's reduction in the TGA account has led to an accelerated injection of liquidity into the market in the short term.</b>。</p><p>TGA—The Treasury General Account—can be simply understood as a deposit Account opened by The U.S. Treasury Department at The central bank. This Account does not create additional liquidity, but rather stores a portion of The liquidity brought about by The Federal Reserve's QE.</p><p>During the pandemic last year, the Federal Reserve's TGA account climbed from less than $500 billion to more than $1.7 trillion. Since March of this year, the Treasury Department has begun to significantly reduce its cash balance and \"inject blood\" into the banking system, with the goal of reducing the cash balance in the account to $450 billion by the end of July. As of early June, approximately $940 billion had been released.</p><p><img src=\"https://static.tigerbbs.com/be9d8018820ef426e4f3872833bd62fd\" tg-width=\"1080\" tg-height=\"715\" referrerpolicy=\"no-referrer\"></p><p><b>Second, at the June FOMC meeting, the reverse repo rate was raised by 5 basis points to 0.05%.</b></p><p>After more than a year of massive monetary and fiscal stimulus, the federal government’s money market fund’s assets under management exceeded $4 trillion for the first time last month, and its investments are limited to Treasury Bond, which has led to a recent influx of too much money into short-term Treasury Bond and other securities assets. On the other hand, the U.S. Treasury Department recently reduced the issuance of short-term Treasury Bond.</p><p>With supply falling short of demand, some short-term Treasury Bond yields have recently fallen to 0% and are expected to be heading negative.</p><p><img src=\"https://static.tigerbbs.com/1732c6801df2cc0e7ffdb2ad11943391\" tg-width=\"1080\" tg-height=\"607\" referrerpolicy=\"no-referrer\"></p><p>This has led large funds to turn their attention to the Federal Reserve's overnight reverse repos, even though the rate was 0% before the FOMC meeting.</p><p><b>Third, seasonal adjustments.</b>Typically, a surge in overnight reverse repos often occurs at the end of the quarter because Basel III requires financial institutions to temporarily shrink their balance sheets to comply with regulations.</p><p>In March, the Federal Reserve announced that the SLR waiver would not be renewed, raising regulatory standards. Initiating an overnight reverse repurchase application with the Fed can effectively remove deposits from the balance sheet and reduce overall leverage.</p><p>In summary,<b>The abundance of liquidity has put significant pressure on short-term interest rates. Financial institutions, concerned about negative interest rates, have chosen to lock up some cash using reverse repurchase rates, while the FOMC meeting's rate hikes have further stimulated the expansion of trading volume.</b>。</p><p>The Federal Reserve's Interest Rate Corridor sets an upper limit on the excess reserve rate and a lower limit on the overnight reverse repurchase rate, because commercial banks are unwilling to lend in the market at rates lower than those available directly by depositing cash with the Federal Reserve. Therefore, as Powell said at the press conference, overnight reverse repos \"worked very well... to protect the floor of interest rates.\"</p><p>Currently, the demand for tools to control short-term interest rates continues to reach new highs, which, regardless of what Federal Reserve officials say, indicates that a liquidity tightening is approaching.</p><p><b>2. How far away is the liquidity inflection point?</b></p><p><b>Crozier said that all history is contemporary history.</b>The present and the past may differ in minor details, but the logic of how things work remains the same.</p><p>This is the third time since the Federal Reserve was founded in 1914 that funds have launched a large-scale \"attack\" on overnight reverse repos, the most recent being in 2013. At that time, the economy was entering a recovery phase, but the unemployment rate was still around 7%, and inflation was expected to be strong, causing short-term market interest rates to continue to decline, largely the same as they are now.</p><p>The scale of reverse repos, which began at the end of 2013, surged and peaked in December 2016. Major events in between included: the Federal Reserve clearly stated in February 2014 that it would exit QE in the fall of that year, and announced a rate hike on December 16, 2015.</p><p><img src=\"https://static.tigerbbs.com/0e9561b4c095ecbae6c3ec18367deb73\" tg-width=\"1080\" tg-height=\"673\" referrerpolicy=\"no-referrer\"></p><p>In other words, the abnormal movements in reverse repos have been consistent throughout the entire rate hike cycle, and it is not surprising that they are seen as a signal that a liquidity inflection point is about to arrive.</p><p><b>rate hike expectations rise, discussions, signals are released, and implementation is announced</b>This is a consistent process for the Federal Reserve's policy changes. The figures for reverse repos are not sufficient to predict when QE will exit or when a rate hike will arrive, but they undoubtedly indicate that the most dovish period has passed.</p><p>If you're already at the bottom, the next step will be to move upwards.</p><p>The June FOMC meeting released a \"hawkish\" signal. The dot plot shows that 13 out of 18 officials support at least one rate hike by the end of 2023, compared to 7 in March; Eleven officials expect to visit rate hike at least twice by the end of 2023; The seven committee members are expected to begin their rate hike in 2022.</p><p>Based on past rate hike processes, the most panicked period in the market often occurs between the clear signal of tightening and its official implementation, and before the signal is confirmed, anxiety has already begun to dominate the market. During the panic in 2013, risk-free rates (mainly short-term Treasury Bond) rose significantly, the US Dollar Index rose, emerging market stock markets plummeted, and prices of precious metals such as gold and silver plummeted.</p><p>Investors' risk appetite in the market can be roughly divided into levels.<b>\"Bitcoin—Commodities—Stock Market—Reverse Repurchase\"</b>。 Clearly, investor sentiment is gradually declining. First, cryptocurrencies crashed, with BTC falling from $60,000 to over $30,000. Commodity bubbles are also bursting, with LME copper falling more than 13% from a high of $10,700, US stocks fluctuating at high levels, and reverse repurchase transactions surging.</p><p><img src=\"https://static.tigerbbs.com/825c1bd33decd250ca5600a35a173af6\" tg-width=\"1080\" tg-height=\"708\" referrerpolicy=\"no-referrer\"></p><p>As conditions for liquidity tightening gradually mature, the market will gradually reduce its downward trend. This impact will be transmitted to the stock market along the chain. The impact may not be trend-based, but overvalued stocks will still face pressure, similar to the sell-off in February.</p><p>Before the turning point arrives, the panic caused by expectations is the main reason affecting asset prices.</p><p><b>3. Conclusion</b></p><p>Everyone understands that the global liquidity turning point will eventually arrive, but when it will happen depends solely on the Federal Reserve, not even on inflation.</p><p>\"Don't go against the Federal Reserve\" doesn't mean you can continue chasing high prices in casinos. Don't forget that even in China, where liquidity was the first to turn around, liquidity is still ample; it's just a temporary stabilization measure. Once the inflection point signal is established, another sell-off to complete the value reversion is the reasonable logic.</p><p>Charlie Munger once said that if I knew where I would die, I would never go there. But the only lesson history teaches us is that people have never learned any lessons from history, and most people feel that they will not be the last to take over.</p><p>As winter approaches, survival is more important than anything else.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0f9e9a265cb0e7e8cb195039b2fe24a4","relate_stocks":{".DJI":"道琼斯"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184471845","content_text":"机构在担心什么？\n\n在圣经的故事中，为了躲避旷世的大洪灾，动物们登上了诺亚方舟得以幸免于难。\n如今，“水漫金山”已经成为现实，美国资本市场上泛滥的资金正面临着无处可去的境地。\n近几周，美联储的隔夜逆回购的使用量几乎每天都在刷新历史记录。截止到6月18日，这一交易额达到了7471亿美元（约合人民币4.8万亿元），前一天的规模更是高达7560亿美元，历史罕见。\n\n前一次创纪录是5月27日的4853亿美元，再上一次则要追溯到2015年12月末的4760亿美元。\n日益高企的逆回购规模，正是严重过剩的流动性在奔赴“诺亚方舟”。\n1、逆回购激增，机构在担心什么？\n美国的逆回购和中国恰好相反，是由金融机构向美联储购债证券，相当于央行回收一部分市场流动性，而交易的发起方是金融机构，“枪口指导”的情况不能说不存在，但历史上并不多见。\n换言之，金融机构在主动交还给央行一部分流动性，并且这个意愿愈发强烈。\n导致这一现象的直接原因有三：\n第一，美联储TGA账户削减，造成短期内流动性加速投向市场。\nTGA——The Treasury General Account，可以简单地理解为美国财政部在中央银行开设的存款账户，这一账户并不会额外创造新的流动性，而是储存一部分美联储QE带来的流动性。\n去年疫情期间美联储TGA账户从不到5000亿美元攀升至超过1.7万亿美元，今年3月份以来，财政部开始大幅压降，向银行体系“输血”，目标是7月末将账户上的现金余额缩减为4500亿美元。截止到6月初，已释放约9400亿美元。\n\n第二，6月FOMC会议将逆回购利率上调5个BP至0.05％。\n经过一年多的大规模货币和财政刺激，联邦政府货币市场基金的管理资产在上个月首次超过4万亿美元，而其投资又仅限于国债，这使得太多的资金于近期涌入短期国债和其他证券资产；另一方面，美国财政部近期减少了短期国债发行规模。\n供不应求之下，一些短期国债收益率在近期跌至0%，并且预期在向负值行进。\n\n这使得大资金将目光转向了美联储的隔夜逆回购，尽管在FOMC会议之前，这一利率为0%。\n第三，季节性调整。常规而言，季度末往往也会发生隔夜逆回购激增的现象，因为巴塞尔协定III要求，金融机构需要暂时收缩资产负债表以符合规范。\n3月份美联储宣布SLR豁免不续作，监管标准提高，而向美联储发起隔夜逆回购申请可以有效使得存款脱表，达到降低总杠杆的目的。\n总结下来就是，流动性泛滥对短期利率造成极大的压力，金融机构出于对负利率的担忧，选择以逆回购利率锁定一部分现金，而FOMC会议上调利率进一步刺激了交易量的扩大。\n美联储设定的利率走廊中，上限是超额存款准备金利率，下限则是隔夜逆回购利率，因为商业银行不会愿意在市场上以低于直接将现金存放在美联储所能获得的利率放贷。因此，正如鲍威尔在记者会上所说，隔夜逆回购“很好地发挥了作用……保护了利率下限”。\n当前，控制短期利率的工具需求用量连续创新高，无论美联储官员表态如何，都预示着流动性收紧的临近。\n2、流动性拐点还有多远？\n克罗齐说，一切历史都是当代史。当下和过去，或许在细枝末节上会有所不同，但事物运行的逻辑万变不离其宗。\n自1914年美联储成立以来，这是第三次资金在隔夜逆回购上发动大规模“攻击”，最近的一次是2013年。当时，经济进入复苏通道但失业率尚在7%附近，而通胀出现较强的预期，短期市场利率不断承压下降，大体上和现在如出一辙。\n2013年末开始的逆回购规模一路激增，在2016年12月达到峰值，中间经历的重大事件包括：2014年2月美联储明确表示将于当年秋季退出QE，2015年12月16日宣布加息。\n\n也就是说，逆回购的异动贯穿整个加息周期，被当成流动性拐点即将到来的信号也不足为奇。\n加息预期抬升、讨论、释放信号、宣布实施，是美联储政策转变的一贯流程，逆回购的数字并不足以预测QE退出或者加息时点会在什么时候到来，但毫无疑问代表着最鸽派的时期已经过去。\n如果已经在谷底了，接下来怎么都是向上。\n6月FOMC会议释放“鹰派”信号。点阵图显示，18位官员中有13人支持在2023年底前至少加息一次，而3月为7位；11位官员预计到2023年底至少加息两次；7名委员预计在2022年开始加息。\n参考过去几次加息流程，市场最恐慌的时期往往是在明确发出收紧信号到正式实施的一段时间，而在信号得到确定之前，担忧情绪已经开始主导市场。2013年的恐慌期间，无风险利率（主要是短期国债）明显上行，美元指数走高，新兴市场股市暴跌，黄金、白银等贵金属价格大跌。\n市场中投资者的风险偏好按照等级，大致可以分为“比特币—大宗商品—股市—逆回购”。显然，当前投资者的风偏正在逐渐下降，先是加密货币崩盘，BTC从6万美元跌至3万多美元；大宗商品的泡沫也在不断挤出，LME铜从10700美元高位跌超13%，美股在高位震荡，逆回购交易激增。\n\n随着流动性收紧的条件逐渐成熟，市场将慢慢降低风偏，这一影响将会顺着链条传导到股市中，影响可能不是趋势性的，但高估值股票仍然会有压力，类似于2月份那波下杀。\n在拐点来临之前，预期带来的恐慌是影响资产价格的主因。\n3、结语\n所有人都明白，全球流动性拐点终将到来，但何时落地，只在于美联储，甚至不在于通胀。\n“不要和美联储作对”，并不意味着可以继续在赌场追高。别忘了，即使是流动性最先转弯的中国，流动性依然是宽裕的，阶段性维稳而已。一旦拐点信号确立，再来一波下杀完成价值回归，才是合理的逻辑。\n查理·芒格曾说，如果我知道自己会在哪里死去，我就永远都不去那儿。但历史给人的唯一教训，就是人们从未在历史中吸取过任何教训，大多数人都觉得，自己不会成为最后一个接盘侠。\n在寒冬将至的时候，活下来比任何事都重要。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":5654,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165821302,"gmtCreate":1624117973706,"gmtModify":1703829047820,"author":{"id":"3574164671299178","authorId":"3574164671299178","name":"飞鸟跌穴298884","avatar":"https://static.tigerbbs.com/0a86a1d7644d8cfdcbb622860fd749e7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574164671299178","idStr":"3574164671299178"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/165821302","repostId":"2144702770","repostType":4,"repost":{"id":"2144702770","kind":"highlight","pubTimestamp":1624244088,"share":"https://ttm.financial/m/news/2144702770?lang=en_US&edition=fundamental","pubTime":"2021-06-21 10:54","market":"hk","language":"zh","title":"An 18-fold increase in 10 years! Did you miss out on the generous dividends in tech stocks?","url":"https://stock-news.laohu8.com/highlight/detail?id=2144702770","media":"新浪财经综合","summary":"港股科技股市值近10年来呈井喷之势，恒生资讯科技业指数市值由10年前（2011年6月）不足1万亿元，10年间暴增1800%至超17万亿元，并一举超过恒生金融业指数15.73万亿元的市值的市值，雄踞港股","content":"<p>The market capitalization of Hong Kong technology stocks has exploded in the past 10 years. The market capitalization of the Hang Seng Information Technology Index has increased by 1800% from less than HK$1 trillion 10 years ago (June 2011) to over HK$17 trillion in 10 years, and has surpassed the Hang Seng Financial Index's market capitalization of HK$15.73 trillion, ranking first among all industries in the Hong Kong stock market!</p><p>The Hong Kong stock market is expanding steadily overall.</p><p>Changes in market capitalization of the three major heavyweight industry indices in Hong Kong stocks over the past 10 years (see the chart below).<img src=\"https://static.tigerbbs.com/6da34a6fd16e9aaad4a45a0705a50187\" tg-width=\"549\" tg-height=\"419\" referrerpolicy=\"no-referrer\">Data source: Wind</p><p>At the same time, the total market capitalization of the Hong Kong stock market increased from approximately HK$20 trillion 10 years ago to over HK$50 trillion.</p><p><img src=\"https://static.tigerbbs.com/623fb4d1a2b1422cabfb3a7f8c65af7c\" tg-width=\"796\" tg-height=\"690\" referrerpolicy=\"no-referrer\">Data source: Wind</p><p>The main reason for the market capitalization growth is the significant expansion of Hong Kong-listed companies, with the number of listed companies increasing from 1,448 10 years ago to nearly 2,600 today. Meanwhile, the Hang Seng Index, which was once dominated by financial and real estate stocks, has seen relatively limited gains, rising by only about 20% over the past decade.</p><p>The number of companies listed on the Hong Kong Stock Exchange is shown in the figure below.</p><p><img src=\"https://static.tigerbbs.com/3cc6565025f2f3abf895088cfcf29da7\" tg-width=\"789\" tg-height=\"223\" referrerpolicy=\"no-referrer\"></p><p>Looking at the market capitalization ratio of various industry indices, the proportion of the Hang Seng Information Technology Index (accounting for the total market capitalization of companies included in the Hang Seng series industry indices) has increased explosively from 3% in June 2011 to the latest 25%!</p><p>Old economic sectors are sluggish</p><p>Finance, real estate, and energy, three heavyweight sectors of the established economy, have significantly underperformed the market, and energy is no longer even a heavyweight sector.</p><p><img src=\"https://static.tigerbbs.com/546bcd2e116e4cc22cdd0cf3edebf61d\" tg-width=\"584\" tg-height=\"472\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5dd31eaef02347d31d36a54b4594ed2a\" tg-width=\"562\" tg-height=\"522\" referrerpolicy=\"no-referrer\">Data source: Wind</p><p>The Hang Seng Financial Industries Index has increased from 11 trillion yuan 10 years ago to less than 16 trillion yuan lately. However, the proportion of the Hang Seng Financial Index declined significantly, from 46% to 25%, making it the sector with the largest decline.</p><p>Hong Kong heavyweight stocks such as Changshi and Sun Hung Kai Properties<a href=\"https://laohu8.com/S/01972\">Swire Properties</a>、<a href=\"https://laohu8.com/S/00017\">New World development</a>The real estate index, which is clustered together, also performed weakly, with its market capitalization share dropping from 10% to 9%.</p><p>In addition, the sluggish oil prices over the past 10 years have also caused the market capitalization of the Hang Seng Energy Index to decline from HK$4.8 trillion to HK$2.1 trillion. Instead of increasing in the past 10 years, it has been halved, and its market capitalization share has dropped sharply from 18% to 3%.<img src=\"https://static.tigerbbs.com/4b27148417ef1d600426d51d4c161bda\" tg-width=\"537\" tg-height=\"431\" referrerpolicy=\"no-referrer\"></p><p>The Choice of the Times and the Reform of the Hong Kong Stock</p><p>The past 10 years can be considered a golden decade for Chinese technology companies, with Alibaba,<a href=\"https://laohu8.com/S/00700\">Tencent</a>Both giants have experienced explosive growth, with their market capitalizations increasing to behemoths in the 5 trillion yuan range. Meituan and Xiaomi were unknown ten years ago, but Meituan has become a technology leader with a market value of nearly 2 trillion yuan, and Xiaomi has grown into a smart home ecosystem leader with a market value of 700 billion yuan.<a href=\"https://laohu8.com/S/JD\">JD.com</a>From years of losses to now stable profitability, its market capitalization has reached trillions of yuan.<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>、<a href=\"https://laohu8.com/S/NTES\">NetEase</a>While slightly less impressive than the explosive growth of the first decade of this century, it has made steady progress and lived up to the expectations of the times.</p><p>The strong development of the short video industry in recent years has created Kuaishou,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Waiting for the rise of leading video companies. In addition, according to media reports in April this year, ByteDance has submitted an underwriter appointment letter to the Hong Kong Stock Exchange and initiated the process of listing in Hong Kong, with a valuation of US$400 billion. ByteDance, a phenomenal blockbuster company, will be listed on the Hong Kong Stock Exchange in the near future, and there is still considerable room for growth in the market capitalization of Hong Kong-listed technology stocks.</p><p><img src=\"https://static.tigerbbs.com/2e3dfd73fe60381e50e44793dfc84464\" tg-width=\"570\" tg-height=\"412\" referrerpolicy=\"no-referrer\">On one hand, the times have brought substantial dividends to technology stocks; on the other hand, the Hong Kong Stock Exchange has learned from its mistakes and is reforming itself.</p><p>The Hong Kong Stock Exchange missed in 2014<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Later, at the end of 2017, it finally made its biggest change in more than 20 years - allowing the dual-class share structure and the listing of unprofitable biological companies.</p><p>It is no exaggeration to say that 2018 marked the beginning of a new era for Hong Kong stocks. A large number of leading tech companies that had previously missed out on Hong Kong stocks have chosen to list in Hong Kong for a secondary period, including established tech giants such as Alibaba, Baidu, JD.com, and NetEase. This also led newcomers such as Meituan, Xiaomi, and Kuaishou to choose Hong Kong as their initial public offering location. The Hong Kong stock market has become an indispensable market for investing in China's technology industry!</p>","source":"highlight_sina","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>An 18-fold increase in 10 years! Did you miss out on the generous dividends in tech stocks?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAn 18-fold increase in 10 years! Did you miss out on the generous dividends in tech stocks?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪财经综合</strong><span class=\"h-time small\">2021-06-21 10:54</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The market capitalization of Hong Kong technology stocks has exploded in the past 10 years. The market capitalization of the Hang Seng Information Technology Index has increased by 1800% from less than HK$1 trillion 10 years ago (June 2011) to over HK$17 trillion in 10 years, and has surpassed the Hang Seng Financial Index's market capitalization of HK$15.73 trillion, ranking first among all industries in the Hong Kong stock market!</p><p>The Hong Kong stock market is expanding steadily overall.</p><p>Changes in market capitalization of the three major heavyweight industry indices in Hong Kong stocks over the past 10 years (see the chart below).<img src=\"https://static.tigerbbs.com/6da34a6fd16e9aaad4a45a0705a50187\" tg-width=\"549\" tg-height=\"419\" referrerpolicy=\"no-referrer\">Data source: Wind</p><p>At the same time, the total market capitalization of the Hong Kong stock market increased from approximately HK$20 trillion 10 years ago to over HK$50 trillion.</p><p><img src=\"https://static.tigerbbs.com/623fb4d1a2b1422cabfb3a7f8c65af7c\" tg-width=\"796\" tg-height=\"690\" referrerpolicy=\"no-referrer\">Data source: Wind</p><p>The main reason for the market capitalization growth is the significant expansion of Hong Kong-listed companies, with the number of listed companies increasing from 1,448 10 years ago to nearly 2,600 today. Meanwhile, the Hang Seng Index, which was once dominated by financial and real estate stocks, has seen relatively limited gains, rising by only about 20% over the past decade.</p><p>The number of companies listed on the Hong Kong Stock Exchange is shown in the figure below.</p><p><img src=\"https://static.tigerbbs.com/3cc6565025f2f3abf895088cfcf29da7\" tg-width=\"789\" tg-height=\"223\" referrerpolicy=\"no-referrer\"></p><p>Looking at the market capitalization ratio of various industry indices, the proportion of the Hang Seng Information Technology Index (accounting for the total market capitalization of companies included in the Hang Seng series industry indices) has increased explosively from 3% in June 2011 to the latest 25%!</p><p>Old economic sectors are sluggish</p><p>Finance, real estate, and energy, three heavyweight sectors of the established economy, have significantly underperformed the market, and energy is no longer even a heavyweight sector.</p><p><img src=\"https://static.tigerbbs.com/546bcd2e116e4cc22cdd0cf3edebf61d\" tg-width=\"584\" tg-height=\"472\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5dd31eaef02347d31d36a54b4594ed2a\" tg-width=\"562\" tg-height=\"522\" referrerpolicy=\"no-referrer\">Data source: Wind</p><p>The Hang Seng Financial Industries Index has increased from 11 trillion yuan 10 years ago to less than 16 trillion yuan lately. However, the proportion of the Hang Seng Financial Index declined significantly, from 46% to 25%, making it the sector with the largest decline.</p><p>Hong Kong heavyweight stocks such as Changshi and Sun Hung Kai Properties<a href=\"https://laohu8.com/S/01972\">Swire Properties</a>、<a href=\"https://laohu8.com/S/00017\">New World development</a>The real estate index, which is clustered together, also performed weakly, with its market capitalization share dropping from 10% to 9%.</p><p>In addition, the sluggish oil prices over the past 10 years have also caused the market capitalization of the Hang Seng Energy Index to decline from HK$4.8 trillion to HK$2.1 trillion. Instead of increasing in the past 10 years, it has been halved, and its market capitalization share has dropped sharply from 18% to 3%.<img src=\"https://static.tigerbbs.com/4b27148417ef1d600426d51d4c161bda\" tg-width=\"537\" tg-height=\"431\" referrerpolicy=\"no-referrer\"></p><p>The Choice of the Times and the Reform of the Hong Kong Stock</p><p>The past 10 years can be considered a golden decade for Chinese technology companies, with Alibaba,<a href=\"https://laohu8.com/S/00700\">Tencent</a>Both giants have experienced explosive growth, with their market capitalizations increasing to behemoths in the 5 trillion yuan range. Meituan and Xiaomi were unknown ten years ago, but Meituan has become a technology leader with a market value of nearly 2 trillion yuan, and Xiaomi has grown into a smart home ecosystem leader with a market value of 700 billion yuan.<a href=\"https://laohu8.com/S/JD\">JD.com</a>From years of losses to now stable profitability, its market capitalization has reached trillions of yuan.<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>、<a href=\"https://laohu8.com/S/NTES\">NetEase</a>While slightly less impressive than the explosive growth of the first decade of this century, it has made steady progress and lived up to the expectations of the times.</p><p>The strong development of the short video industry in recent years has created Kuaishou,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Waiting for the rise of leading video companies. In addition, according to media reports in April this year, ByteDance has submitted an underwriter appointment letter to the Hong Kong Stock Exchange and initiated the process of listing in Hong Kong, with a valuation of US$400 billion. ByteDance, a phenomenal blockbuster company, will be listed on the Hong Kong Stock Exchange in the near future, and there is still considerable room for growth in the market capitalization of Hong Kong-listed technology stocks.</p><p><img src=\"https://static.tigerbbs.com/2e3dfd73fe60381e50e44793dfc84464\" tg-width=\"570\" tg-height=\"412\" referrerpolicy=\"no-referrer\">On one hand, the times have brought substantial dividends to technology stocks; on the other hand, the Hong Kong Stock Exchange has learned from its mistakes and is reforming itself.</p><p>The Hong Kong Stock Exchange missed in 2014<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Later, at the end of 2017, it finally made its biggest change in more than 20 years - allowing the dual-class share structure and the listing of unprofitable biological companies.</p><p>It is no exaggeration to say that 2018 marked the beginning of a new era for Hong Kong stocks. A large number of leading tech companies that had previously missed out on Hong Kong stocks have chosen to list in Hong Kong for a secondary period, including established tech giants such as Alibaba, Baidu, JD.com, and NetEase. This also led newcomers such as Meituan, Xiaomi, and Kuaishou to choose Hong Kong as their initial public offering location. The Hong Kong stock market has become an indispensable market for investing in China's technology industry!</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/stock/hkstock/hkstocknews/2021-06-19/doc-ikqcfnca1890926.shtml\">新浪财经综合</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/753c9aba3202037bc97463c545d5d015","relate_stocks":{"HSI":"恒生指数"},"source_url":"https://finance.sina.com.cn/stock/hkstock/hkstocknews/2021-06-19/doc-ikqcfnca1890926.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2144702770","content_text":"港股科技股市值近10年来呈井喷之势，恒生资讯科技业指数市值由10年前（2011年6月）不足1万亿元，10年间暴增1800%至超17万亿元，并一举超过恒生金融业指数15.73万亿元的市值的市值，雄踞港股各行业市值榜首！\n港股市场整体稳步扩张\n港股三大权重行业指数10年来市值变化（见下图）。数据来源：Wind\n与此同时，港股主板总市值由10年前的约20万亿港元增至超50万亿港元。\n数据来源：Wind\n市值增长的主要原因是港股上市公司的大幅扩张，上市公司数量由10年前的1448家增至现今的近2600家。于此同时，曾以金融、地产股为主的恒生指数涨幅则相对有限，十年间仅有约20%。\n港股上市公司数量，如下图所示。\n\n从各行业指数市值占比来看，恒生资讯科技业指数比重（占入选恒生系列行业指数的公司总市值）由2011年6月的3%爆发式增至最新的25%！\n老经济板块低迷\n金融、地产、能源这三个权重老经济板块，则明显跑输市场，甚至能源已不再是一个权重板块。\n数据来源：Wind\n恒生金融业指数由10年前的11万亿元增至最新的不足16万亿元。但恒生金融业指数比重则下滑明显，由占比46%下滑至25%，是下滑幅度最大的行业。\n香港本地重磅股长实、新鸿基、太古地产、新世界发展等扎堆的地产指数也表现较弱，市值占比从10%降至9%。\n此外，近10年油价的低迷也导致恒生能源业指数市值由4.8万亿元下滑至2.1万亿元，10年来不增反而腰斩，市值比重由18%大幅下滑至3%。\n时代选择与港交所自身改革\n近10年，可以说是中国科技公司的黄金10年，阿里、腾讯双雄爆发式成长，市值均增长至5万亿量级的庞然大物。美团、小米十年前尚名不见经传，但美团已成为市值近2万亿的科技龙头，小米也成长至市值7000亿的智能家居生态龙头。京东从连年亏损到如今稳定盈利，市值达到万亿量级。百度、网易稍逊风骚，虽不如本世纪前十年的爆发式增长，也稳扎稳打不负时代所托。\n近几年的短视频行业强势发展，造就了快手、哔哩哔哩等视频龙头的崛起。此外，据媒体今年4月报道称，字节跳动已向港交所提交了承销商聘用函，启动了赴港上市流程，估值达4000亿美元。字节跳动这一现象级重磅公司在不久的未来将登陆港股，未来港股科技股市值仍有相当增长空间。\n一边是时代给了科技股丰厚的红利，另外一边则是港交所痛定思痛，自身改革。\n港交所在2014年错失阿里巴巴后，最终在2017年末做出了其二十多年来最大的变革——放行同股不同权架构和尚未盈利的生物公司上市。\n毫不夸张的说，从2018年起，对港股来说是一个全新时代的开启。大批此前无缘港股的科技龙头在香港选择二次上市，其中包括阿里巴巴、百度、京东、网易等老牌科技龙头。也让新贵美团、小米、快手等选择香港作为首次上市地点。现今的港股市场，已是投资中国科技行业不可或缺的市场！","news_type":1,"symbols_score_info":{"HSI":0.9}},"isVote":1,"tweetType":1,"viewCount":5672,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181791987,"gmtCreate":1623410321349,"gmtModify":1704202838315,"author":{"id":"3574164671299178","authorId":"3574164671299178","name":"飞鸟跌穴298884","avatar":"https://static.tigerbbs.com/0a86a1d7644d8cfdcbb622860fd749e7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574164671299178","idStr":"3574164671299178"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181791987","repostId":"1105134625","repostType":4,"repost":{"id":"1105134625","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623140058,"share":"https://ttm.financial/m/news/1105134625?lang=en_US&edition=fundamental","pubTime":"2021-06-08 16:14","market":"hk","language":"zh","title":"Reminder: The market closure schedule for the Dragon Boat Festival is here! Hong Kong stocks will be closed for one day on June 14.","url":"https://stock-news.laohu8.com/highlight/detail?id=1105134625","media":"老虎资讯综合","summary":"6月14日（周一）休市，6月15日（周二）起照常开市。美股、英股、新加坡股市照常交易。端午节，又称端阳节、龙舟节、天中节等，源于自然天象崇拜，由上古时代祭龙演变而来。因传说战国时期的楚国诗人屈原在五月五日跳汨罗江自尽，后来人们亦将端午节作为纪念屈原的节日；也有纪念伍子胥、曹娥及介子推等说法。总的来说，端午节起源于上古先民择“飞龙在天”吉日拜祭龙祖、祈福辟邪，注入夏季时令“祛病防疫\"风尚。","content":"<p>With the Dragon Boat Festival, a traditional Chinese festival, approaching, the closure arrangements for major markets are as follows:<img src=\"https://static.tigerbbs.com/ad358d24b10a4ecf9c9fa183f3c2ab9b\" tg-width=\"779\" tg-height=\"667\" referrerpolicy=\"no-referrer\"><b>A-shares:</b></p><p>The market will be closed on Monday, June 14, and will reopen as usual on Tuesday, June 15.</p><p><b>Hong Kong stocks:</b></p><p>The market will be closed on Monday, June 14, and will reopen as usual on Tuesday, June 15.</p><p><b>Australian stocks:</b></p><p>The market will be closed on June 14 (Monday) due to Queen's Birthday, and will reopen as usual from June 15 (Tuesday).</p><p><b>US, UK, and Singapore stock markets are trading as usual.</b></p><p><b>Shanghai-Hong Kong Stock Connect and Shenzhen-Hong</b></p><p>Services will not be provided on Monday, June 14, but will resume as usual on Tuesday, June 15.</p><p><b>Hong Kong Stock Connect:</b></p><p>Services will not be provided on Monday, June 14, but will resume as usual on Tuesday, June 15.</p><p><b>Background Introduction:</b></p><p>The Dragon Boat Festival, also known as the Dragon Boat Festival, the Dragon Boat Festival, or the Heavenly Festival, originated from the worship of natural celestial phenomena and evolved from dragon worship in ancient times. During the Dragon Boat Festival in midsummer, the seven constellations of the Azure Dragon soar in the south, occupying the most \"central\" position of the year, as the line of the fifth line of the Qian Hexagram of the I Ching says: \"The dragon flies in the sky.\" Its origins cover ancient astrological culture, humanistic philosophy and other aspects, and it contains profound and rich cultural connotations. In the process of inheritance and development, it has mixed various folk customs into one, and the content of festivals is rich. Dragon boat racing and eating zongzi (sticky rice dumplings) are two major customs of the Dragon Boat Festival, which have been passed down in China since ancient times and continue to this day.</p><p>The Dragon Boat Festival was originally a festival created by ancient people to pay homage to the Dragon Ancestor and pray for blessings and ward off evil spirits. Legend has it that Qu Yuan, a poet from the State of Chu during the Warring States period, committed suicide by jumping into the Miluo River on May 5th. Later, people also regarded the Dragon Boat Festival as a festival to commemorate Qu Yuan. There are also claims to commemorate Wu Zixu, Cao E, and Jie Zitui. In general, the Dragon Boat Festival originated from the fact that ancient people chose the auspicious day of \"flying dragons in the sky\" to worship the Dragon Ancestor and pray for blessings and ward off evil spirits, injecting the summer season trend of \"curing diseases and preventing epidemics\".<img src=\"https://static.tigerbbs.com/09ea6dbc4088c8bacb63a863e559c64b\" tg-width=\"640\" tg-height=\"424\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: The market closure schedule for the Dragon Boat Festival is here! Hong Kong stocks will be closed for one day on June 14.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReminder: The market closure schedule for the Dragon Boat Festival is here! Hong Kong stocks will be closed for one day on June 14.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-08 16:14</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>With the Dragon Boat Festival, a traditional Chinese festival, approaching, the closure arrangements for major markets are as follows:<img src=\"https://static.tigerbbs.com/ad358d24b10a4ecf9c9fa183f3c2ab9b\" tg-width=\"779\" tg-height=\"667\" referrerpolicy=\"no-referrer\"><b>A-shares:</b></p><p>The market will be closed on Monday, June 14, and will reopen as usual on Tuesday, June 15.</p><p><b>Hong Kong stocks:</b></p><p>The market will be closed on Monday, June 14, and will reopen as usual on Tuesday, June 15.</p><p><b>Australian stocks:</b></p><p>The market will be closed on June 14 (Monday) due to Queen's Birthday, and will reopen as usual from June 15 (Tuesday).</p><p><b>US, UK, and Singapore stock markets are trading as usual.</b></p><p><b>Shanghai-Hong Kong Stock Connect and Shenzhen-Hong</b></p><p>Services will not be provided on Monday, June 14, but will resume as usual on Tuesday, June 15.</p><p><b>Hong Kong Stock Connect:</b></p><p>Services will not be provided on Monday, June 14, but will resume as usual on Tuesday, June 15.</p><p><b>Background Introduction:</b></p><p>The Dragon Boat Festival, also known as the Dragon Boat Festival, the Dragon Boat Festival, or the Heavenly Festival, originated from the worship of natural celestial phenomena and evolved from dragon worship in ancient times. During the Dragon Boat Festival in midsummer, the seven constellations of the Azure Dragon soar in the south, occupying the most \"central\" position of the year, as the line of the fifth line of the Qian Hexagram of the I Ching says: \"The dragon flies in the sky.\" Its origins cover ancient astrological culture, humanistic philosophy and other aspects, and it contains profound and rich cultural connotations. In the process of inheritance and development, it has mixed various folk customs into one, and the content of festivals is rich. Dragon boat racing and eating zongzi (sticky rice dumplings) are two major customs of the Dragon Boat Festival, which have been passed down in China since ancient times and continue to this day.</p><p>The Dragon Boat Festival was originally a festival created by ancient people to pay homage to the Dragon Ancestor and pray for blessings and ward off evil spirits. Legend has it that Qu Yuan, a poet from the State of Chu during the Warring States period, committed suicide by jumping into the Miluo River on May 5th. Later, people also regarded the Dragon Boat Festival as a festival to commemorate Qu Yuan. There are also claims to commemorate Wu Zixu, Cao E, and Jie Zitui. In general, the Dragon Boat Festival originated from the fact that ancient people chose the auspicious day of \"flying dragons in the sky\" to worship the Dragon Ancestor and pray for blessings and ward off evil spirits, injecting the summer season trend of \"curing diseases and preventing epidemics\".<img src=\"https://static.tigerbbs.com/09ea6dbc4088c8bacb63a863e559c64b\" tg-width=\"640\" tg-height=\"424\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/09ea6dbc4088c8bacb63a863e559c64b","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105134625","content_text":"临近中国传统节日端午节假期，各主要市场休市安排如下：A股：6月14日（周一）休市，6月15日（周二）起照常开市。港股：6月14日（周一）休市，6月15日（周二）起照常开市。澳股：6月14日（周一）因 Queen's Birthday 休市，6月15日（周二）起照常开市。美股、英股、新加坡股市照常交易。沪股通、深股通：6月14日（周一）不提供服务，6月15日（周二）起照常开通。港股通：6月14日（周一）不提供服务，6月15日（周二）起照常开通。背景介绍：端午节，又称端阳节、龙舟节、天中节等，源于自然天象崇拜，由上古时代祭龙演变而来。仲夏端午，苍龙七宿飞升于正南中天，处于全年最“正中”之位，即如《易经·乾卦》第五爻的爻辞曰：“飞龙在天”。其起源涵盖了古老星象文化、人文哲学等方面内容，蕴含着深邃丰厚的文化内涵，在传承发展中杂糅了多种民俗为一体，节俗内容丰富。扒龙舟与食粽是端午节的两大礼俗，这两大礼俗在中国自古传承，至今不辍。端午节，本是上古先民创立用于拜祭龙祖、祈福辟邪的节日。因传说战国时期的楚国诗人屈原在五月五日跳汨罗江自尽，后来人们亦将端午节作为纪念屈原的节日；也有纪念伍子胥、曹娥及介子推等说法。总的来说，端午节起源于上古先民择“飞龙在天”吉日拜祭龙祖、祈福辟邪，注入夏季时令“祛病防疫\"风尚。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2155,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":115843871,"gmtCreate":1622977663393,"gmtModify":1704194004229,"author":{"id":"3574164671299178","authorId":"3574164671299178","name":"飞鸟跌穴298884","avatar":"https://static.tigerbbs.com/0a86a1d7644d8cfdcbb622860fd749e7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574164671299178","idStr":"3574164671299178"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/115843871","repostId":"2141286885","repostType":2,"repost":{"id":"2141286885","kind":"highlight","pubTimestamp":1622966528,"share":"https://ttm.financial/m/news/2141286885?lang=en_US&edition=fundamental","pubTime":"2021-06-06 16:02","market":"us","language":"zh","title":"Are European and American stock markets in crisis? Morgan Stanley issued a sell signal across all market indicators!","url":"https://stock-news.laohu8.com/highlight/detail?id=2141286885","media":"华尔街见闻","summary":"在过去的几个月里，摩根士丹利的基本面分析师对股市的看法越来越悲观。\n本周早些时候，摩根士丹利首席股票策略师Michael Wilson表示，对于美股，目前市场过于乐观，但收益却不高，悲观情绪蔓延。Wi","content":"<p>In the past few months,<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Fundamental analysts are becoming increasingly pessimistic about the stock market.</p><p>Earlier this week, Morgan Stanley's chief equity strategist, Michael Wilson, said,<b>For US stocks</b>The market is currently overly optimistic, but the returns are not high, and pessimism is spreading. Wilson also believes that the market's forward P/E is currently too high and will decline in the future. \"From now on, valuations will decrease by 15%, and earnings corrections cannot offset future valuation erosion. The entire market will undergo a 10-15% correction in the next 6 months.\"</p><p><img src=\"https://static.tigerbbs.com/f72ac2b1254473a56a44d443d5b0af2e\" tg-width=\"500\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p>Currently, Wilson is one of the most pessimistic analysts on Wall Street. And his bearish sentiment about fundamentals has spread to the investment bank's technical analyst team.</p><p>As Matthew Garman, the bank's chief euro equity strategist, wrote,<b>For European stocks</b>Not only are fundamentals deteriorating, but each of Morgan Stanley's five technical market timing indicators has given a sell signal, marking the fifth time this has happened in more than 30 years.</p><p>Moreover, the bank's composite market timing indicator has been giving sell signals since March. The indicator just hit a record high of 1.19, surpassing the record high set in June 2007, which was timed just before the US stock market crash.</p><p>According to Garman, the only time the stock market rose after the sell signal occurred was on February 17, 2017. The other times the sell signal occurred were in March 1990, May 1992, and June 2007. In the six months following the signal's release, the MSCI Europe index fell by an average of 6%.</p><p><img src=\"https://static.tigerbbs.com/9c5ad156b3885ff11dc842d79da75705\" tg-width=\"500\" tg-height=\"184\" referrerpolicy=\"no-referrer\"></p><p>Therefore, every internal risk indicator suggests selling. Does this mean that Morgan Stanley will have the courage to tell its clients to sell? As it turns out, not necessarily, because there are too many unusual companies like AMC, GameStop, and Bed Bath in this market, and too many unusual events in the capital markets, which seriously cloud analysts' judgment.</p><p>Furthermore, some Morgan Stanley analysts are assuming that the current situation is similar to that of 2017—the only time an indicator signal has been misjudged.</p><p>Regarding market style and industry sectors, Morgan Stanley believes that defensive stocks may not have a significant impact after a sell signal is issued, while cyclical stocks will suffer a severe blow. After all, cyclical stocks underperform defensive stocks by an average of 12% within six months of a sell signal, even during the rally in 2017.</p><p><img src=\"https://static.tigerbbs.com/ee9618b756a6aed053f89c0eff76d963\" tg-width=\"500\" tg-height=\"179\" referrerpolicy=\"no-referrer\"></p>","source":"wallstreetcn_api","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>Are European and American stock markets in crisis? Morgan Stanley issued a sell signal across all market indicators!</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAre European and American stock markets in crisis? Morgan Stanley issued a sell signal across all market indicators!\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-06-06 16:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>In the past few months,<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>Fundamental analysts are becoming increasingly pessimistic about the stock market.</p><p>Earlier this week, Morgan Stanley's chief equity strategist, Michael Wilson, said,<b>For US stocks</b>The market is currently overly optimistic, but the returns are not high, and pessimism is spreading. Wilson also believes that the market's forward P/E is currently too high and will decline in the future. \"From now on, valuations will decrease by 15%, and earnings corrections cannot offset future valuation erosion. The entire market will undergo a 10-15% correction in the next 6 months.\"</p><p><img src=\"https://static.tigerbbs.com/f72ac2b1254473a56a44d443d5b0af2e\" tg-width=\"500\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p>Currently, Wilson is one of the most pessimistic analysts on Wall Street. And his bearish sentiment about fundamentals has spread to the investment bank's technical analyst team.</p><p>As Matthew Garman, the bank's chief euro equity strategist, wrote,<b>For European stocks</b>Not only are fundamentals deteriorating, but each of Morgan Stanley's five technical market timing indicators has given a sell signal, marking the fifth time this has happened in more than 30 years.</p><p>Moreover, the bank's composite market timing indicator has been giving sell signals since March. The indicator just hit a record high of 1.19, surpassing the record high set in June 2007, which was timed just before the US stock market crash.</p><p>According to Garman, the only time the stock market rose after the sell signal occurred was on February 17, 2017. The other times the sell signal occurred were in March 1990, May 1992, and June 2007. In the six months following the signal's release, the MSCI Europe index fell by an average of 6%.</p><p><img src=\"https://static.tigerbbs.com/9c5ad156b3885ff11dc842d79da75705\" tg-width=\"500\" tg-height=\"184\" referrerpolicy=\"no-referrer\"></p><p>Therefore, every internal risk indicator suggests selling. Does this mean that Morgan Stanley will have the courage to tell its clients to sell? As it turns out, not necessarily, because there are too many unusual companies like AMC, GameStop, and Bed Bath in this market, and too many unusual events in the capital markets, which seriously cloud analysts' judgment.</p><p>Furthermore, some Morgan Stanley analysts are assuming that the current situation is similar to that of 2017—the only time an indicator signal has been misjudged.</p><p>Regarding market style and industry sectors, Morgan Stanley believes that defensive stocks may not have a significant impact after a sell signal is issued, while cyclical stocks will suffer a severe blow. After all, cyclical stocks underperform defensive stocks by an average of 12% within six months of a sell signal, even during the rally in 2017.</p><p><img src=\"https://static.tigerbbs.com/ee9618b756a6aed053f89c0eff76d963\" tg-width=\"500\" tg-height=\"179\" referrerpolicy=\"no-referrer\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3632247\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/d2488184ce4815610e2426c10250da75","relate_stocks":{"MS":"摩根士丹利"},"source_url":"https://wallstreetcn.com/articles/3632247","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141286885","content_text":"在过去的几个月里，摩根士丹利的基本面分析师对股市的看法越来越悲观。\n本周早些时候，摩根士丹利首席股票策略师Michael Wilson表示，对于美股，目前市场过于乐观，但收益却不高，悲观情绪蔓延。Wilson同时认为，目前市场远期市盈率太高，未来会下滑，“从现在开始，估值将下降15%，而盈利修正也无法抵消未来的杀估值，整个市场在接下来的6个月中会有10-15%的修正。\n\n目前，Wilson属于华尔街最悲观的分析师之一。并且他对基本面的看跌情绪已经蔓延到该投行的技术分析师团队中。\n正如该银行首席欧元股票策略师Matthew Garman所写的那样，对于欧股，不仅是基本面恶化，摩根士丹利的五个技术面市场时机指标中的每一个都给出了卖出信号，这在过去30多年来第五次发生。\n不仅如此，该银行的综合市场时机指标自3月以来一直给出了卖出信号，该指标刚刚创下1.19的历史新高，超过了2007年6月创下的历史新高，而后者的时机正处于美股崩盘之前。\n根据Garman的说法，在该卖出信号发生之后，股市唯一一次上涨是在2017年2月17日，之前出现“该卖出信号的其他时间是1990年3月、1992年5月和2007年6月。在该信号发布后的6个月中，MSCI欧洲指数平均下跌了6%。\n\n因此，每个内部风险指标都在提示卖出，这是否意味着摩根士丹利将有勇气告诉其客户卖出？事实证明并不一定，因为在这个市场上，像AMC、GameStop和Bed Bath这样的不寻常公司太多，资本市场上不寻常的事件也太多，这严重扰乱了分析师们的判断力。\n并且，摩根士丹利有分析师正在假设目前的情况和2017年相似——这是唯一一次指标信号判断错误的状况。\n在市场风格和行业板块上，摩根士丹利认为，防御股可能会在卖出信号发出后影响不大，而周期股则会遭受重创，毕竟在卖出信号发生后的6个月内，周期股的平均表现比防御股低12%，即便在2017年上涨时也是如此。","news_type":1,"symbols_score_info":{"MS":0.9}},"isVote":1,"tweetType":1,"viewCount":1604,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":110092292,"gmtCreate":1622415686016,"gmtModify":1704183862374,"author":{"id":"3574164671299178","authorId":"3574164671299178","name":"飞鸟跌穴298884","avatar":"https://static.tigerbbs.com/0a86a1d7644d8cfdcbb622860fd749e7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574164671299178","idStr":"3574164671299178"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/110092292","repostId":"1164691489","repostType":4,"isVote":1,"tweetType":1,"viewCount":1827,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":134057976,"gmtCreate":1622194988895,"gmtModify":1704181258803,"author":{"id":"3574164671299178","authorId":"3574164671299178","name":"飞鸟跌穴298884","avatar":"https://static.tigerbbs.com/0a86a1d7644d8cfdcbb622860fd749e7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574164671299178","idStr":"3574164671299178"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/134057976","repostId":"308097455","repostType":1,"repost":{"id":308097455,"gmtCreate":1603790040977,"gmtModify":1705073260010,"author":{"id":"3562804614994746","authorId":"3562804614994746","name":"TigerFeatures","avatar":"https://static.tigerbbs.com/5a8e4414a77df621346870c2f7e7cab7","crmLevel":0,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3562804614994746","idStr":"3562804614994746"},"themes":[],"title":"【期權價格預測】幫助說明","htmlText":"一、什麼是期權價格預測期權預測是指根據期權定價公式計算期權價格。用戶輸入預測條件，包括日期、正股價格、隱含波動率後，自動計算出當天期權的參考價格。二、如何使用顧名思義，該功能用於預測期權未來的價格。場景1：預期3天內正股價格會上漲到351.5，現在買個Call，3天后盈利是多少？場景2：買了call之後，如果正股沒有如預期一樣上漲，那麼5天后會虧損多少？在我的止損點以內嗎？場景3:&nbsp;公司明天發財報，所以現在期權的隱含波動率很高。如果預期財報後波動率會大幅下降，那麼此時賣出一個call，明天會盈利多少？場景4:&nbsp;盤前正股價格大漲，但是期權由於不支持盤前交易，所以價格暫時沒有變化。那麼，如果想把持倉的call開盤立刻賣出，掛一個什麼價格合適？三、功能入口個股頁-查看更多期權-期權鏈-單期權頁","listText":"一、什麼是期權價格預測期權預測是指根據期權定價公式計算期權價格。用戶輸入預測條件，包括日期、正股價格、隱含波動率後，自動計算出當天期權的參考價格。二、如何使用顧名思義，該功能用於預測期權未來的價格。場景1：預期3天內正股價格會上漲到351.5，現在買個Call，3天后盈利是多少？場景2：買了call之後，如果正股沒有如預期一樣上漲，那麼5天后會虧損多少？在我的止損點以內嗎？場景3:&nbsp;公司明天發財報，所以現在期權的隱含波動率很高。如果預期財報後波動率會大幅下降，那麼此時賣出一個call，明天會盈利多少？場景4:&nbsp;盤前正股價格大漲，但是期權由於不支持盤前交易，所以價格暫時沒有變化。那麼，如果想把持倉的call開盤立刻賣出，掛一個什麼價格合適？三、功能入口個股頁-查看更多期權-期權鏈-單期權頁","text":"一、什麼是期權價格預測期權預測是指根據期權定價公式計算期權價格。用戶輸入預測條件，包括日期、正股價格、隱含波動率後，自動計算出當天期權的參考價格。二、如何使用顧名思義，該功能用於預測期權未來的價格。場景1：預期3天內正股價格會上漲到351.5，現在買個Call，3天后盈利是多少？場景2：買了call之後，如果正股沒有如預期一樣上漲，那麼5天后會虧損多少？在我的止損點以內嗎？場景3: 公司明天發財報，所以現在期權的隱含波動率很高。如果預期財報後波動率會大幅下降，那麼此時賣出一個call，明天會盈利多少？場景4: 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09:36","market":"sh","language":"zh","title":"Just how long will \"temporary\" high inflation last? Several indicators may provide clues","url":"https://stock-news.laohu8.com/highlight/detail?id=1184785046","media":"彭博环球财经","summary":"长期通货膨胀风险仍然是投资者关注的头等大事大宗商品，芯片短缺推动对通胀率上涨的预期美联储官员一遍又一遍强调今年通胀的任何回升都是“暂时”的，但金融市场的交易员并没有他们那么笃定。在周三美国公布CPI超","content":"<p><div>Long-term inflation risk remains a top priority for investors Commodities, chip shortage drives expectations of rising inflation Fed officials have stressed over and over that any pick-up in inflation this year is \"temporary,\" but traders in financial markets are not as sure as they are. Before the U.S. announced that the CPI surged more than expected on Wednesday, investors were already paying close attention to the general signs of rising costs. Commodity prices such as copper and timber soared to record levels, and the bond market's inflation expectations for the next decade climbed to the highest in eight years. The sentiment is also rocking the stock market, with the Cboe Volatility Index rising to its highest since March...</p><p><a href=\"https://mp.weixin.qq.com/s/kMsMuk-zb7_c2dGQ-4bPLA\">Web link</a></div></p>","source":"lsy1568765252508","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>Just how long will \"temporary\" high inflation last? 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Several indicators may provide clues\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">彭博环球财经</strong><span class=\"h-time small\">2021-05-13 09:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>Long-term inflation risk remains a top priority for investors Commodities, chip shortage drives expectations of rising inflation Fed officials have stressed over and over that any pick-up in inflation this year is \"temporary,\" but traders in financial markets are not as sure as they are. Before the U.S. announced that the CPI surged more than expected on Wednesday, investors were already paying close attention to the general signs of rising costs. Commodity prices such as copper and timber soared to record levels, and the bond market's inflation expectations for the next decade climbed to the highest in eight years. The sentiment is also rocking the stock market, with the Cboe Volatility Index rising to its highest since March...</p><p><a href=\"https://mp.weixin.qq.com/s/kMsMuk-zb7_c2dGQ-4bPLA\">Web link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/kMsMuk-zb7_c2dGQ-4bPLA\">彭博环球财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/d26d2e743adbb3b7a16bc81651b06c89","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://mp.weixin.qq.com/s/kMsMuk-zb7_c2dGQ-4bPLA","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184785046","content_text":"长期通货膨胀风险仍然是投资者关注的头等大事大宗商品，芯片短缺推动对通胀率上涨的预期美联储官员一遍又一遍强调今年通胀的任何回升都是“暂时”的，但金融市场的交易员并没有他们那么笃定。在周三美国公布CPI超预期大涨前，投资者已经对普遍成本上升迹象高度关注，铜、木材等大宗商品价格飙升至创纪录水平，债券市场对未来十年的通货膨胀预期攀升至八年来最高。这种情绪也在动摇股票市场，Cboe波动率指数升至3月以来最高水平。根据美国银行的数据，最近一轮美国企业业绩电话会议上，通胀一词成为流行词，出现次数比一年前增加了800%。尽管上周的非农就业报告中显示4月份新增就业只有经济学家预期的四分之一，但市场普遍将数据视为企业必须提高工资以填补职位空缺的信号。美国银行美国股票和量化策略主管Savita Subramanian上周五表示，“通货膨胀风险是我们要关注的，我不知道它们是否只是暂时的”.4月CPI数据的飙升令美债市场5年通胀预期提升至2005年以来的最高水平。CPI环比增长0.8％，高于经济学家预期的0.2％；同比升幅4.2％，高于预期的3.6％。10年期美国国债收益率在数据发布后上涨五个基点，至1.67％。通货膨胀担忧日益加剧对拜登庞大的刺激计划构成政治威胁，尤其是在上周五令人失望的非农就业数据发布后。但是美联储决策者不为所动，最近几周就连几位鹰派官员也说，即使财政刺激规模史无前例，通货膨胀也不太可能失去控制。美联储主席鲍威尔和拜登政府经济顾问表示，现在一些领域出现的通货膨胀是“暂时性”的。这就产生了一个重要的问题：所谓 “暂时性”到底意味着多长时间？目前来看，答案很可能是未知的，但以往几次的衰退可能为人们提供一些线索。经济衰退后的大宗商品如果最近的价格上涨主要是由大宗商品驱动的，那么这取决于大宗商品涨势能持续多长时间。以2009年经济回升为路线图，对原材料的需求以及大宗商品价格的高涨持续了两年，全球通货膨胀升势维持到大宗商品市场见顶回落才停止。这些价格上涨很大程度上是由庞大的中国基础设施建设推动的。这次，随着拜登政府巨额基建计划的推出，美国变成了十多年前的中国。按照这种逻辑，所谓“暂时性”可能意味着两年。电脑芯片短缺但是，木材和铜等原材料并不是可能加剧通胀的唯一因素。用于手机 、汽车、冰箱等一切电子产品的芯片也将发挥重要作用。由于芯片短缺，本田，宝马和其他汽车制造商被迫停产。鉴于芯片的重要性，由30个成分股组成的费城半导体指数与债市10年盈亏平衡通胀率呈现正相关也就不足为奇了。过去的一年，这两个指标一直保持同向。二手车周三公布的数据显示，芯片短缺导致的新车生产放缓引发二手车和卡车价格4月份大涨10%。Nordea Investment Funds SA的高级宏观策略师Sebastien Galy表示 ，买不起高价车的消费者需求的释放令二手车价格飙涨。曼海姆二手车价值指数显示它们已比去年年底上涨20%。盈亏平衡通胀率债券市场已经察觉了通胀压力，它所反映的通货膨胀预期对投资者的预测有影响。衡量未来十年通胀预期的10年盈亏平衡通胀率约为2.57％，接近2013年3月以来最高水平。周三，5年盈亏平衡通胀率达到2.82％，是2005年以来的最高水平。可以肯定的是，并非所有市场参与者都同意来自债券市场的通胀信号。高盛和太平洋投资管理公司(Pimco)估计，债券交易员对未来几年3%的年通胀率预期过于激进。薪资压力一些投资者，策略师和政界人士认为，远低于预期的就业数据传递出一个真正的信息是企业雇佣成本将上升。部分原因是政府增加了失业救济金，这使雇主之前开出的工资吸引力降低了。任何薪资上升压力都可能反映到商品和服务的价格中，从而进一步提高通货膨胀率。","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1908,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":191069553,"gmtCreate":1620828218872,"gmtModify":1704349018585,"author":{"id":"3574164671299178","authorId":"3574164671299178","name":"飞鸟跌穴298884","avatar":"https://static.tigerbbs.com/0a86a1d7644d8cfdcbb622860fd749e7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574164671299178","idStr":"3574164671299178"},"themes":[],"title":"","htmlText":"✨","listText":"✨","text":"✨","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/191069553","repostId":"1108257056","repostType":4,"isVote":1,"tweetType":1,"viewCount":1921,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107823891,"gmtCreate":1620467510213,"gmtModify":1704344140359,"author":{"id":"3574164671299178","authorId":"3574164671299178","name":"飞鸟跌穴298884","avatar":"https://static.tigerbbs.com/0a86a1d7644d8cfdcbb622860fd749e7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574164671299178","idStr":"3574164671299178"},"themes":[],"title":"","htmlText":"???","listText":"???","text":"???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/107823891","repostId":"107146221","repostType":1,"repost":{"id":107146221,"gmtCreate":1620457451959,"gmtModify":1704344032338,"author":{"id":"3561588897589235","authorId":"3561588897589235","name":"北美韭菜日记","avatar":"https://static.tigerbbs.com/2d01b6e0504f82d0b06101a70e792206","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3561588897589235","idStr":"3561588897589235"},"themes":[],"title":"","htmlText":"\n \n \n  Cathie Wood 5/07採訪：大幅提高ARK未來五年回報率至年化30%！她又語出驚人了！\n \n","listText":"Cathie Wood 5/07採訪：大幅提高ARK未來五年回報率至年化30%！她又語出驚人了！","text":"Cathie Wood 5/07採訪：大幅提高ARK未來五年回報率至年化30%！她又語出驚人了！","images":[{"img":"https://static.tigerbbs.com/eebc883d72f00550957280e5879ebeb2","width":"0","height":"0"}],"top":1,"highlighted":1,"essential":2,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/107146221","isVote":1,"tweetType":2,"object":{"id":"e86b446fa12744eeb6c0f0531f248b3d","tweetId":"107146221","title":"Cathie Wood 5/07采访：大幅提高ARK未来五年回报率至年化30%！她又语出惊人了！","videoUrl":"http://v.tigerbbs.com/1620457448948531a28a25b7f402b236c3bc3ad0b6435.mp4","poster":"https://static.tigerbbs.com/eebc883d72f00550957280e5879ebeb2","shareLink":"http://v.tigerbbs.com/1620457448948531a28a25b7f402b236c3bc3ad0b6435.mp4","subtitleCn":"http://v.tigerbbs.com/1620457449754531a28a25b7f402b236c3bc3ad0b6435.zh-Hans.vtt"},"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":1547,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104388421,"gmtCreate":1620355913463,"gmtModify":1704342475906,"author":{"id":"3574164671299178","authorId":"3574164671299178","name":"飞鸟跌穴298884","avatar":"https://static.tigerbbs.com/0a86a1d7644d8cfdcbb622860fd749e7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574164671299178","idStr":"3574164671299178"},"themes":[],"title":"","htmlText":"20b~","listText":"20b~","text":"20b~","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/104388421","repostId":"1187390590","repostType":4,"repost":{"id":"1187390590","kind":"news","weMediaInfo":{"introduction":"解密财经，透视真相。为您传递第一手新鲜财经深度报道。","home_visible":1,"media_name":"棱镜","id":"91","head_image":"https://static.tigerbbs.com/ea46042fac2240098d9d976e6d67d6a8"},"pubTimestamp":1620355343,"share":"https://ttm.financial/m/news/1187390590?lang=en_US&edition=fundamental","pubTime":"2021-05-07 10:42","market":"us","language":"zh","title":"More than $2 billion in stock has been transferred to his wife after the Gates' property division started","url":"https://stock-news.laohu8.com/highlight/detail?id=1187390590","media":"棱镜","summary":"2021年5月3日，比尔盖茨和梅琳达在社交媒体上共同发文宣布结束27年婚姻。梅琳达周一在美国华盛顿州金郡提交的离婚申请中称，她与比尔·盖茨的婚姻已经“彻底破裂”，请求法院解除该婚姻关系。\n虽然盖茨夫妇","content":"<p>On May 3, 2021, Bill Gates and Melinda announced the end of their 27-year marriage in a joint social media post. Melinda said her marriage to Bill Gates had \"completely broken down\" in a divorce petition filed in King County, Washington, US, on Monday, asking the court to dissolve the marriage.</p><p>Although the Gates and his wife have a combined property of $130 billion (about 840.3 billion yuan), and real estate accounts for a large proportion, it is more difficult to divide the property than those who also live in Seattle<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>The founder, Bezos, divorced, but the division of their property has already begun, and more quickly than Bezos's case.</p><p>The SEC disclosure shows that on the day Melinda filed for divorce, Cascade, a personal investment company owned by Gates, had transferred more than $2 billion worth of shares to Melinda. In the process of divorce property division, if it only involves the transfer of stock ownership without buying and selling, it does not involve tax.</p><p><img src=\"https://static.tigerbbs.com/089e068728c1a8e1a7c1ec2222c04d3b\" tg-width=\"961\" tg-height=\"488\" referrerpolicy=\"no-referrer\"></p><p>In August 2010, Bill Gates, Melinda and Buffett jointly advocated the \"Giving Pledge\", promising to use at least half of their wealth for charity before or after their death.</p><p>Seattle<a href=\"https://laohu8.com/S/300083\">Genesis</a>Lawyer Xu Qiuwen of the law firm analyzed the reason why the property division between the two people was relatively fast to the author. First, according to public information, the Gates and his wife broke up peacefully; Second, both promised that most of the property would be used for donations; Third, the two still share the same belief in the foundation's mission.</p><p><b>Why was alimony not claimed in Melinda's divorce petition?</b></p><p><img src=\"https://static.tigerbbs.com/42d778337d3f194db58fe828f1014314\" tg-width=\"943\" tg-height=\"874\" referrerpolicy=\"no-referrer\"></p><p>Within three days of filing the divorce filing, Gates's personal investment institution has transferred more than $2bn of shares to Melinda, according to SEC disclosures</p><p>Regarding how to understand Melinda's practice of not asking for alimony in her divorce application, Xu Qiuwen told the author that without signing a prenuptial agreement or a postnuptial agreement, according to the default laws and regulations of Washington State, there is no specific calculation formula for husband and wife alimony, and it is judged on a case-by-case basis based on the judge's personal adjudication power. Generally speaking, spouses are more willing and more likely to claim support if working executives still have a large amount of income, and their income is significantly higher than that of their spouses. Considering that Gates is no longer<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Incumbent CEO, and quit last year<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>And<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>The Hathaway board of directors, therefore, this rule does not apply to the Gates.</p><p>Lawyer Xu also said that for the related income from stocks and other commercial interests, the more core issue is property division, not husband and wife maintenance. That is, if the sources of income such as stocks or other commercial interests have been divided in property division, it may be unreasonable to ask for additional husband and wife maintenance.</p><p>According to the disclosure data of the US Securities and Exchange Commission, within three days of Melinda's filing for divorce, Gates had transferred more than $2 billion worth of shares to Melinda.</p><p>Among them, on the day Melinda filed for divorce, Gates sold 2.94 million shares of Auto Nation (<a href=\"https://laohu8.com/S/AN\">AutoNation</a>) shares and 14.1 million shares<a href=\"https://laohu8.com/S/CNI\">Canadian National Railways</a>Canadian National Railway shares were transferred to Melinda, with a total value of more than $1.8 billion (about 11.6 billion yuan).</p><p>Within three days of the filing of the divorce petition, Gates will also hold personal or through a foundation trust<a href=\"https://laohu8.com/S/KOF\">Coca-Cola Vanza Bottles</a>(FEMSA) and Grupo Televisa shares were transferred to Melinda. As of Wednesday, she held separately<a href=\"https://laohu8.com/S/KO\">Coca Cola</a>4.9% and 6.7% of Vanza Bottling and Trevisa Group, with a combined value of approximately $121 million and $386 million, respectively.</p><p>According to Xu Qiuwen, according to the divorce application, both parties should have reached a consensus on property division through a private separation agreement (i.e., property division agreement) before submitting the application. While the court's automatically generated case timeline lists the time for a grand trial as after 11 months, Washington state law provides a minimum waiting period of three months for a divorce. In other words, if there is no objection to the divorce and division of property, the judge will formally approve the Gates' divorce petition as soon as three months later.</p><p><b>Foundation is like the Gates'\"school district house that won't be sold after divorce\"</b></p><p><img src=\"https://static.tigerbbs.com/4f79ff18fc743facb810344df2561d59\" tg-width=\"823\" tg-height=\"392\" referrerpolicy=\"no-referrer\"></p><p>The Gates co-run the foundation and write the annual letter</p><p>Regarding whether it is common for couples to continue to hold some assets together after divorce, Xu Qiuwen told the author, \"It is a rare phenomenon, but it is not particularly rare. For example, if you want your children to be cared for by both parties or if you are unwilling to sell the school district house purchased during marriage, some people will choose to hold it together after divorce. The Gates Foundation is likely to be similar to the house that ordinary couples can't separate.\"</p><p>The Bill & Melinda Gates Foundation is the largest private philanthropic foundation in the world. It used family wealth and social influence to promote the formulation of public policies and innovation in fields such as global health, gender equality, and American education. By the end of 2020, the Gates Foundation had donated up to US$1.75 billion to accelerate the development and equitable distribution of COVID-19 tests, drugs and vaccines to help end the global COVID-19 pandemic more quickly. Between 1994 and 2020, the Gates allocated $36 billion to the foundation, with a total asset size of $49.8 billion, according to the foundation.</p><p>So when the Gates announced their divorce, there were concerns about whether it would change the foundation's long-term commitment to public issues. Since its inception in 2000, the Gates have co-managed the fund as co-chairmen and are both trustees of the fund.</p><p>In an email response to the author, the foundation wrote that the foundation is not separating and \"has no plans to change its role or organization. They will continue to collaborate to develop and approve the foundation strategy, advocate for the foundation's issues, and determine the overall direction of the organization\".</p><p>Foreign media reported that Gates and Melinda have different interests within the foundation. Gates pays more attention to scientific and technological innovation breakthroughs such as vaccines, while Melinda pays more attention to issues such as gender equality and women's empowerment.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>More than $2 billion in stock has been transferred to his wife after the Gates' property division started</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMore than $2 billion in stock has been transferred to his wife after the Gates' property division started\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/91\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/ea46042fac2240098d9d976e6d67d6a8);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">棱镜 </p>\n<p class=\"h-time smaller\">2021-05-07 10:42</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On May 3, 2021, Bill Gates and Melinda announced the end of their 27-year marriage in a joint social media post. Melinda said her marriage to Bill Gates had \"completely broken down\" in a divorce petition filed in King County, Washington, US, on Monday, asking the court to dissolve the marriage.</p><p>Although the Gates and his wife have a combined property of $130 billion (about 840.3 billion yuan), and real estate accounts for a large proportion, it is more difficult to divide the property than those who also live in Seattle<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>The founder, Bezos, divorced, but the division of their property has already begun, and more quickly than Bezos's case.</p><p>The SEC disclosure shows that on the day Melinda filed for divorce, Cascade, a personal investment company owned by Gates, had transferred more than $2 billion worth of shares to Melinda. In the process of divorce property division, if it only involves the transfer of stock ownership without buying and selling, it does not involve tax.</p><p><img src=\"https://static.tigerbbs.com/089e068728c1a8e1a7c1ec2222c04d3b\" tg-width=\"961\" tg-height=\"488\" referrerpolicy=\"no-referrer\"></p><p>In August 2010, Bill Gates, Melinda and Buffett jointly advocated the \"Giving Pledge\", promising to use at least half of their wealth for charity before or after their death.</p><p>Seattle<a href=\"https://laohu8.com/S/300083\">Genesis</a>Lawyer Xu Qiuwen of the law firm analyzed the reason why the property division between the two people was relatively fast to the author. First, according to public information, the Gates and his wife broke up peacefully; Second, both promised that most of the property would be used for donations; Third, the two still share the same belief in the foundation's mission.</p><p><b>Why was alimony not claimed in Melinda's divorce petition?</b></p><p><img src=\"https://static.tigerbbs.com/42d778337d3f194db58fe828f1014314\" tg-width=\"943\" tg-height=\"874\" referrerpolicy=\"no-referrer\"></p><p>Within three days of filing the divorce filing, Gates's personal investment institution has transferred more than $2bn of shares to Melinda, according to SEC disclosures</p><p>Regarding how to understand Melinda's practice of not asking for alimony in her divorce application, Xu Qiuwen told the author that without signing a prenuptial agreement or a postnuptial agreement, according to the default laws and regulations of Washington State, there is no specific calculation formula for husband and wife alimony, and it is judged on a case-by-case basis based on the judge's personal adjudication power. Generally speaking, spouses are more willing and more likely to claim support if working executives still have a large amount of income, and their income is significantly higher than that of their spouses. Considering that Gates is no longer<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Incumbent CEO, and quit last year<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>And<a href=\"https://laohu8.com/S/BRK.A\">Berkshire</a>The Hathaway board of directors, therefore, this rule does not apply to the Gates.</p><p>Lawyer Xu also said that for the related income from stocks and other commercial interests, the more core issue is property division, not husband and wife maintenance. That is, if the sources of income such as stocks or other commercial interests have been divided in property division, it may be unreasonable to ask for additional husband and wife maintenance.</p><p>According to the disclosure data of the US Securities and Exchange Commission, within three days of Melinda's filing for divorce, Gates had transferred more than $2 billion worth of shares to Melinda.</p><p>Among them, on the day Melinda filed for divorce, Gates sold 2.94 million shares of Auto Nation (<a href=\"https://laohu8.com/S/AN\">AutoNation</a>) shares and 14.1 million shares<a href=\"https://laohu8.com/S/CNI\">Canadian National Railways</a>Canadian National Railway shares were transferred to Melinda, with a total value of more than $1.8 billion (about 11.6 billion yuan).</p><p>Within three days of the filing of the divorce petition, Gates will also hold personal or through a foundation trust<a href=\"https://laohu8.com/S/KOF\">Coca-Cola Vanza Bottles</a>(FEMSA) and Grupo Televisa shares were transferred to Melinda. As of Wednesday, she held separately<a href=\"https://laohu8.com/S/KO\">Coca Cola</a>4.9% and 6.7% of Vanza Bottling and Trevisa Group, with a combined value of approximately $121 million and $386 million, respectively.</p><p>According to Xu Qiuwen, according to the divorce application, both parties should have reached a consensus on property division through a private separation agreement (i.e., property division agreement) before submitting the application. While the court's automatically generated case timeline lists the time for a grand trial as after 11 months, Washington state law provides a minimum waiting period of three months for a divorce. In other words, if there is no objection to the divorce and division of property, the judge will formally approve the Gates' divorce petition as soon as three months later.</p><p><b>Foundation is like the Gates'\"school district house that won't be sold after divorce\"</b></p><p><img src=\"https://static.tigerbbs.com/4f79ff18fc743facb810344df2561d59\" tg-width=\"823\" tg-height=\"392\" referrerpolicy=\"no-referrer\"></p><p>The Gates co-run the foundation and write the annual letter</p><p>Regarding whether it is common for couples to continue to hold some assets together after divorce, Xu Qiuwen told the author, \"It is a rare phenomenon, but it is not particularly rare. For example, if you want your children to be cared for by both parties or if you are unwilling to sell the school district house purchased during marriage, some people will choose to hold it together after divorce. The Gates Foundation is likely to be similar to the house that ordinary couples can't separate.\"</p><p>The Bill & Melinda Gates Foundation is the largest private philanthropic foundation in the world. It used family wealth and social influence to promote the formulation of public policies and innovation in fields such as global health, gender equality, and American education. By the end of 2020, the Gates Foundation had donated up to US$1.75 billion to accelerate the development and equitable distribution of COVID-19 tests, drugs and vaccines to help end the global COVID-19 pandemic more quickly. Between 1994 and 2020, the Gates allocated $36 billion to the foundation, with a total asset size of $49.8 billion, according to the foundation.</p><p>So when the Gates announced their divorce, there were concerns about whether it would change the foundation's long-term commitment to public issues. Since its inception in 2000, the Gates have co-managed the fund as co-chairmen and are both trustees of the fund.</p><p>In an email response to the author, the foundation wrote that the foundation is not separating and \"has no plans to change its role or organization. They will continue to collaborate to develop and approve the foundation strategy, advocate for the foundation's issues, and determine the overall direction of the organization\".</p><p>Foreign media reported that Gates and Melinda have different interests within the foundation. Gates pays more attention to scientific and technological innovation breakthroughs such as vaccines, while Melinda pays more attention to issues such as gender equality and women's empowerment.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4f79ff18fc743facb810344df2561d59","relate_stocks":{"MSFT":"微软"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187390590","content_text":"2021年5月3日，比尔盖茨和梅琳达在社交媒体上共同发文宣布结束27年婚姻。梅琳达周一在美国华盛顿州金郡提交的离婚申请中称，她与比尔·盖茨的婚姻已经“彻底破裂”，请求法院解除该婚姻关系。\n虽然盖茨夫妇共同财产高达1300亿美元（约合8403亿元人民币），且不动产占比大，财产分割难度高于同在西雅图居住的亚马逊创始人贝索斯离婚，但他们的财产分割已经开始，且比贝索斯的案例更为迅速。\n美国证监会的披露文件显示，在梅琳达提交离婚申请的当天，盖茨旗下的个人投资公司瀑布投资（Cascade）已经将价值超过20亿美元的股票转到梅琳达名下。在离婚财产分割过程中，如果只是涉及股票归属权的转移而不进行买卖操作的话，并不涉及税务。\n\n2010年8月，比尔·盖茨、梅琳达和巴菲特曾共同倡导“捐赠誓言”，承诺在生前或去世后至少用自己一半的财富来做慈善。\n西雅图创世纪律师事务所徐秋雯律师对作者分析两人财产分割较为快速的原因是，一来，根据公开信息，盖茨夫妇两人和平分手；二来，两人均许诺大多数财产将用于捐赠；三来，两人仍对基金会使命怀有相同信念。\n梅琳达离婚申请中为何未要求赡养费？\n\n美国证监会披露文件显示，离婚申请提交三天内，盖茨的个人投资机构已经将逾20亿美元股票转至梅琳达名下\n关于如何理解梅琳达在离婚申请中未要求赡养费的做法，徐秋雯对作者表示，在没有签署婚前协议或者婚后协议的情况下，依据华盛顿州的默认法规，夫妻赡养费没有具体计算公式，是以法官的个人裁决权为基准个案个判。一般来说，在职高管如果还有大量收入的话，且收入明显高于配偶的情况下，配偶更有意愿也更有几率来要求夫妻赡养费。考虑到盖茨早已不是微软在职CEO，而且去年退出微软和伯克希尔哈撒韦董事会，因此，此条并不适用于盖茨夫妇。\n徐律师同时表示，对于来自股票和其它商业利益的相关收入，更核心的问题是财产分割，而不是夫妻赡养费，即如果在财产分割上已经分割了股票或其它商业利益等收入的来源，那么再额外要求夫妻赡养费可能是不合理的。\n美国证监会的披露数据显示，在梅琳达提交离婚申请三天内，盖茨已经将价值超过20亿美元（约合129亿元人民币）的股票转至梅琳达名下。\n其中，在梅琳达提交离婚申请当天，盖茨就将294万股汽车国度（AutoNation）股票和1410万股加拿大国家铁路公司（Canadian National Railway）股票转至梅琳达名下，总价值超过18亿美元（约合116亿元人民币）。\n在离婚申请提交的三天内，盖茨还将个人持有或通过基金会信托持有的可口可乐凡萨瓶装（FEMSA）和特莱维萨集团（Grupo Televisa）股份转让给了梅琳达。截至周三，她分别持有可口可乐凡萨瓶装和特莱维萨集团4.9%和6.7%的股份，总价值分别约1.21亿美元和3.86亿美元。\n徐秋雯称，根据离婚申请书的表述，双方应该在递交申请前已经通过私密的分居协议（即财产分割协议）就财产分割达成了共识。虽然法院自动生成的案子时间表中列出大庭审的时间为11个月之后，但华盛顿州法规定，离婚的最短等待期为3个月。也就是说，如果对离婚和财产分割没有异议，最快三个月之后，法官将正式批准盖茨夫妇的离婚申请。\n基金会就像盖茨夫妇 “离婚后不出售的学区房”\n\n盖茨夫妇共同管理基金会，并撰写年信\n对于夫妻离婚后继续共同持有部分资产是否普遍，徐秋雯对作者表示，“是少数现象，但也并不特别罕见。比如，如果想让孩子受到双方的关怀或婚内所购学区房不愿意卖的话，有些人就会选择离婚后共同持有。盖茨基金会很可能就和普通夫妇分不开的房子类似。”\n比尔及梅琳达·盖茨基金会是全球最大的私人慈善基金会，曾经利用家族财富和社会影响力，推动全球健康、性别平等、美国教育等公共政策的制定和领域创新。截至2020年底，盖茨基金会曾经捐赠高达17.5亿美元用于加速开发并公平分配新冠检测工具、药物和疫苗，以助力更快终结全球新冠疫情。基金会的数据显示，1994年至2020年期间，盖茨夫妇向基金会拨款达到360亿美元，资产总规模为498亿美元。\n因此，当盖茨夫妇宣布离婚之际，外界也担心，是否会改变基金会对各项公共议题的长期承诺。自2000年成立以来，盖茨夫妇以联合主席的身份共同管理基金，也都是基金受托人。\n基金会在回复给作者的邮件中写道，基金会并不会分家，“没有计划更改其角色或组织。他们将继续合作制定和批准基金会战略，倡导基金会的问题，并确定组织的总体方向”。\n外媒报道称，在基金会内部盖茨和梅琳达的兴趣侧重各有不同。盖茨更关注疫苗等科技创新突破，梅琳达更偏重性别平等、女性赋权等议题。","news_type":1,"symbols_score_info":{"MSFT":0.9}},"isVote":1,"tweetType":1,"viewCount":1906,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104388835,"gmtCreate":1620355878927,"gmtModify":1704342473077,"author":{"id":"3574164671299178","authorId":"3574164671299178","name":"飞鸟跌穴298884","avatar":"https://static.tigerbbs.com/0a86a1d7644d8cfdcbb622860fd749e7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574164671299178","idStr":"3574164671299178"},"themes":[],"title":"","htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/104388835","repostId":"1172819387","repostType":4,"repost":{"id":"1172819387","kind":"news","weMediaInfo":{"introduction":"中国大陆领先的金融数据、信息和软件服务企业，总部位于上海陆家嘴金融中心。","home_visible":1,"media_name":"Wind万得","id":"99","head_image":"https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68"},"pubTimestamp":1620355302,"share":"https://ttm.financial/m/news/1172819387?lang=en_US&edition=fundamental","pubTime":"2021-05-07 10:41","market":"us","language":"zh","title":"Why is the sharp decline in the funds managed by the \"Queen of the Bull Market\" causing trouble for the market?","url":"https://stock-news.laohu8.com/highlight/detail?id=1172819387","media":"Wind万得","summary":"香港万得通讯社报道，随着明星成长股纷纷回调，最热门的成长股ETF也开始大幅下滑。分析师表示，如果此类热门基金抛售加剧，标普500指数将测试4000点下方。\n由“牛市女皇”凯茜·伍德（Cathie Wo","content":"<p>According to Hong Kong's Wind News Agency, as star growth stocks corrected, the most popular growth stock ETFs also began to decline sharply. Analysts say that if the sell-off of such popular funds intensifies, the S&P 500 will test below 4,000 points.</p><p>The ARK Innovation ETF, managed by \"Bull Market Queen\" Cathie Wood, achieved a return of nearly 150% in 2020, but it is now rapidly giving up those gains. This ETF has pullback/retracement more than 30% since its February high and has fallen 10.47% since May. On Thursday, the index fell again, with the ETF closing down 3.07% at $108.13.</p><p><img src=\"https://static.tigerbbs.com/4b391a72064ea5465f406126af8e8de3\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>This ETF focuses on biotechnology,<a href=\"https://laohu8.com/S/300024\">Robot</a>\"Disruptive innovation\" stocks in fields such as artificial intelligence, blockchain, and financial technology. This is a concentrated thematic fund that will fluctuate significantly with the prices of a few high-growth stocks.</p><p>The fund's top 10 assets account for nearly half of its portfolio.<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>The company holds the highest shareholding ratio, accounting for about 11% of total assets, followed by the US mobile payment company Square, the medical company Teladoc Health, and the streaming platform Roku. The top 10 companies also include U.S. real estate information search websites<a href=\"https://laohu8.com/S/Z\">Zillow</a>Virtual conference company<a href=\"https://laohu8.com/S/ZM\">Zoom</a>And Baidu, etc.</p><p><img src=\"https://static.tigerbbs.com/41f1cd9a349c955f212069251309920c\" tg-width=\"796\" tg-height=\"488\" referrerpolicy=\"no-referrer\"></p><p>As market sector rotation shifted from high-growth, high-multiple stocks to value and cyclical stocks, many of these stocks experienced sharp declines. Although this ETF offers many<a href=\"https://laohu8.com/S/C76.SI\">Innovative Technology</a>Investments in these sectors may generate excess returns in the long run, but as investors' risk appetite cools and crowded momentum trading reverses, these stocks have underperformed recently.</p><p>Taking Tesla as an example, the company's stock has fallen by more than 6% since May. Zoom, Zillow and<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>The stock price fell by more than 8%.</p><p>The ETF still has $21 billion in assets, making it one of the largest actively managed ETFs. However, as overvalued stocks corrected, many investors withdrew from the fund. According to Barron's, investors redeemed $770 million in stock in the past week and $866 million in the past month.</p><p><b>The sell-off of overvalued stocks is expected to continue.</b></p><p>Looking ahead, analysts are cautious about the future of the ARK Innovation ETF. As concerns about inflation grow, overvalued companies are becoming more difficult to justify, and the strong previous rally has led many investors to choose to take profits. According to the Bear Traps Report, most of the funds flowing into the ETF have come from the past nine months. The report states that this means that 50% of the ETF's funds are currently at a loss.</p><p>In addition, analysts' pessimistic expectations also stem from the investment style of the ARK Innovation ETF. Cathy Wood's investment style views risk from a bottom-up perspective, rather than trying to simulate the risk exposure of an overall portfolio under various market conditions. As the ETF's asset base expands, the fund's liquidity declines, making it more susceptible to serious losses.</p><p>Others are concerned about the fund's impact on the market. Andrew Adams of Saut Strategy said, “My real concern is that high-growth sectors, represented by ARK and many similar funds, are at risk of a sharp sell-off and could trigger a waterfall. If these more speculative sectors start selling together, that wouldn’t be a good sign for the market.”</p><p>Adams wrote, \"If high-growth stocks begin to break through support and drive the rest of the market, then the S&P 500 will eventually be retested in the 3,980-4,000 range.\" The S&P 500 closed at 4,201.62 points on Thursday, up 0.82%.</p><p>Adams stated that testing the support level in the 3,980-4,000 region would only mark a 5% to 6% pullback, but given the losses in the US stock market, it would cause more severe losses in other areas. \"I'd rather avoid that.”</p><p>Admittedly, this ETF's track record remains impressive, at least for investors who have caught up with this upward trend. Since the end of 2017, the ETF has risen by more than 456%, while the S&P 500 has risen by 88% during the same period. Renato Leggi, a client portfolio manager at ARK, expects cyclical rotations in sectors such as energy and finance to disappear, saying these sectors are particularly \"vulnerable to disruption\" in the long term. He added, \"Our performance tends to pull back during periods of risk aversion, and we tend to perform well during subsequent periods of rising risk appetite.\"</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why is the sharp decline in the funds managed by the \"Queen of the Bull Market\" causing trouble for the market?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy is the sharp decline in the funds managed by the \"Queen of the Bull Market\" causing trouble for the market?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/99\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/c71e30d1317b4a5cb20a41998e10ac68);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Wind万得 </p>\n<p class=\"h-time smaller\">2021-05-07 10:41</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>According to Hong Kong's Wind News Agency, as star growth stocks corrected, the most popular growth stock ETFs also began to decline sharply. Analysts say that if the sell-off of such popular funds intensifies, the S&P 500 will test below 4,000 points.</p><p>The ARK Innovation ETF, managed by \"Bull Market Queen\" Cathie Wood, achieved a return of nearly 150% in 2020, but it is now rapidly giving up those gains. This ETF has pullback/retracement more than 30% since its February high and has fallen 10.47% since May. On Thursday, the index fell again, with the ETF closing down 3.07% at $108.13.</p><p><img src=\"https://static.tigerbbs.com/4b391a72064ea5465f406126af8e8de3\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p><p>This ETF focuses on biotechnology,<a href=\"https://laohu8.com/S/300024\">Robot</a>\"Disruptive innovation\" stocks in fields such as artificial intelligence, blockchain, and financial technology. This is a concentrated thematic fund that will fluctuate significantly with the prices of a few high-growth stocks.</p><p>The fund's top 10 assets account for nearly half of its portfolio.<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>The company holds the highest shareholding ratio, accounting for about 11% of total assets, followed by the US mobile payment company Square, the medical company Teladoc Health, and the streaming platform Roku. The top 10 companies also include U.S. real estate information search websites<a href=\"https://laohu8.com/S/Z\">Zillow</a>Virtual conference company<a href=\"https://laohu8.com/S/ZM\">Zoom</a>And Baidu, etc.</p><p><img src=\"https://static.tigerbbs.com/41f1cd9a349c955f212069251309920c\" tg-width=\"796\" tg-height=\"488\" referrerpolicy=\"no-referrer\"></p><p>As market sector rotation shifted from high-growth, high-multiple stocks to value and cyclical stocks, many of these stocks experienced sharp declines. Although this ETF offers many<a href=\"https://laohu8.com/S/C76.SI\">Innovative Technology</a>Investments in these sectors may generate excess returns in the long run, but as investors' risk appetite cools and crowded momentum trading reverses, these stocks have underperformed recently.</p><p>Taking Tesla as an example, the company's stock has fallen by more than 6% since May. Zoom, Zillow and<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>The stock price fell by more than 8%.</p><p>The ETF still has $21 billion in assets, making it one of the largest actively managed ETFs. However, as overvalued stocks corrected, many investors withdrew from the fund. According to Barron's, investors redeemed $770 million in stock in the past week and $866 million in the past month.</p><p><b>The sell-off of overvalued stocks is expected to continue.</b></p><p>Looking ahead, analysts are cautious about the future of the ARK Innovation ETF. As concerns about inflation grow, overvalued companies are becoming more difficult to justify, and the strong previous rally has led many investors to choose to take profits. According to the Bear Traps Report, most of the funds flowing into the ETF have come from the past nine months. The report states that this means that 50% of the ETF's funds are currently at a loss.</p><p>In addition, analysts' pessimistic expectations also stem from the investment style of the ARK Innovation ETF. Cathy Wood's investment style views risk from a bottom-up perspective, rather than trying to simulate the risk exposure of an overall portfolio under various market conditions. As the ETF's asset base expands, the fund's liquidity declines, making it more susceptible to serious losses.</p><p>Others are concerned about the fund's impact on the market. Andrew Adams of Saut Strategy said, “My real concern is that high-growth sectors, represented by ARK and many similar funds, are at risk of a sharp sell-off and could trigger a waterfall. If these more speculative sectors start selling together, that wouldn’t be a good sign for the market.”</p><p>Adams wrote, \"If high-growth stocks begin to break through support and drive the rest of the market, then the S&P 500 will eventually be retested in the 3,980-4,000 range.\" The S&P 500 closed at 4,201.62 points on Thursday, up 0.82%.</p><p>Adams stated that testing the support level in the 3,980-4,000 region would only mark a 5% to 6% pullback, but given the losses in the US stock market, it would cause more severe losses in other areas. \"I'd rather avoid that.”</p><p>Admittedly, this ETF's track record remains impressive, at least for investors who have caught up with this upward trend. Since the end of 2017, the ETF has risen by more than 456%, while the S&P 500 has risen by 88% during the same period. Renato Leggi, a client portfolio manager at ARK, expects cyclical rotations in sectors such as energy and finance to disappear, saying these sectors are particularly \"vulnerable to disruption\" in the long term. He added, \"Our performance tends to pull back during periods of risk aversion, and we tend to perform well during subsequent periods of rising risk appetite.\"</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1243a3c3332646ecb05aa2adbc87f85e","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","ARKO":"ARKO Corp","ARKK":"ARK Innovation ETF","SPY":"标普500ETF","ROKU":"Roku Inc","SDS":"两倍做空标普500 ETF-ProShares","TDOC":"Teladoc Health Inc.","SSO":"2倍做多标普500ETF-ProShares","SH":"做空标普500-Proshares","UPRO":"三倍做多标普500ETF-ProShares","TSLA":"特斯拉",".SPX":"S&P 500 Index","Z":"Zillow","IVV":"标普500ETF-iShares","ARKF":"ARK Fintech Innovation ETF","SPXU":"三倍做空标普500ETF-ProShares","QNETCN":"纳斯达克中美互联网老虎指数","ARKG":"ARK Genomic Revolution ETF","BIDU":"百度","OEF":"标普100指数ETF-iShares","OEX":"标普100","ZM":"Zoom"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172819387","content_text":"香港万得通讯社报道，随着明星成长股纷纷回调，最热门的成长股ETF也开始大幅下滑。分析师表示，如果此类热门基金抛售加剧，标普500指数将测试4000点下方。\n由“牛市女皇”凯茜·伍德（Cathie Wood）管理的ARK创新ETF在2020年实现了近150%的回报率，但它现在正在迅速放弃这些收益。这只ETF自2月高点已回撤逾30%，5月以来已下跌10.47%。周四，该指数再次下跌，截至当日收盘，该ETF跌3.07%至108.13美元。\n\n这只ETF专注于生物技术、机器人、人工智能、区块链和金融技术等领域的“颠覆性创新”股票。这是一只集中的主题型基金，会随少数高增长股票价格大幅波动。\n该基金的前10大资产占其投资组合的近一半。特斯拉的持股比例最高，约占总资产的11%，其次是美国移动支付公司Square、医疗企业Teladoc Health和流媒体平台Roku。排名前10位的公司还包括美国房地产信息查询网站Zillow、虚拟会议公司Zoom以及百度等。\n\n随着市场板块轮动从高增长、高倍数股票转向价值型和周期性股票，许多此类股票都出现了暴跌。尽管该ETF提供了对许多创新科技领域的投资，这些领域可能在长期会带来超额回报，但随着投资者的风险偏好降温，拥挤的动量交易出现逆转，此类个股近期表现不佳。\n以特斯拉为例，该公司5月以来已跌逾6%。Zoom，Zillow和百度的股价下跌了超过8%。\n该ETF仍然拥有210亿美元的资产，是最大的主动管理型ETF之一。但随着高估值个股回调，许多投资者纷纷撤离该基金。据《巴伦周刊》报道，投资者在过去一周赎回了7.7亿美元的股票，在过去一个月赎回了8.66亿美元的股票。\n高估值个股抛售潮料将持续\n展望未来，分析师对ARK创新ETF的未来持谨慎态度。随着人们对通胀的担忧与日俱增，高估值企业变得更难证明其合理性，而前期的强劲涨势也让许多投资者选择获利了结。Bear Traps Report显示，流入该ETF的资金大部分来自过去9个月。报告称，这意味着该ETF目前有50%的资金处于亏损状态。\n此外，分析师的悲观预期也来自于ARK创新ETF的投资风格。凯茜·伍德的投资风格是从自下而上选股的角度来看待风险的，而不是试图模拟各种市场条件下整体投资组合的风险敞口。随着ETF资产基础的膨胀，该基金的流动性下降，更容易遭受严重损失。\n另一部分人则担心该基金对市场造成的影响。Saut Strategy的安德鲁·亚当斯（AndrewAdams）称：“我真正的担心是，以ARK和许多类似基金为代表的高增长区域正处于大幅抛售的危险中，并有可能造成瀑布式下跌。如果这些更具投机性的领域共同开始抛售，那对市场来说不是一个好现象。”\n亚当斯写道：“如果高增长股票开始打破支撑，并带动其余市场，那么标准普尔500指数在3,980-4,000区域终将受到重新测试。”标普500指数周四收于4,201.62点，上涨0.82%。\n亚当斯称，测试3,980-4,000区域的支撑位只会标志着5%至6%的回落，但鉴于美股市场的损失会在其他领域造成更严重亏损。“我宁愿避免这种情况。”\n诚然，这只ETF的记录依然惊人，至少对那些赶上这股上涨浪潮的投资者来说是如此。自2017年年底以来，该ETF涨幅已超过456%，而同期标普500指数的涨幅为88%。ARK的客户投资组合经理雷纳托•莱吉(Renato Leggi)预计，能源和金融等行业的周期性轮动将会消失，并表示这些行业在长期内尤其“容易受到干扰”。他补充称：“我们的表现往往会在风险规避期回调，而在随后的风险偏好上升期，我们往往会表现出色。”","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"SDS":0.9,"ROKU":0.9,"QNETCN":0.9,"SSO":0.9,"ZM":0.9,"SPY":0.9,"TSLA":0.9,"ARKO":0.9,"TDOC":0.9,"Z":0.9,"ESmain":0.9,"SPXU":0.9,"ARKG":0.9,".SPX":0.9,"SH":0.9,"OEX":0.9,"BIDU":0.9,"SQ":0.9,"UPRO":0.9,"IVV":0.9,"ARKF":0.9,"ARKK":0.9,"OEF":0.9}},"isVote":1,"tweetType":1,"viewCount":1833,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":101309253,"gmtCreate":1619841568572,"gmtModify":1704335648927,"author":{"id":"3574164671299178","authorId":"3574164671299178","name":"飞鸟跌穴298884","avatar":"https://static.tigerbbs.com/0a86a1d7644d8cfdcbb622860fd749e7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574164671299178","authorIdStr":"3574164671299178"},"themes":[],"title":"","htmlText":"Malaysia Boleh Mah~???","listText":"Malaysia Boleh Mah~???","text":"Malaysia Boleh Mah~???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/101309253","repostId":"1127607572","repostType":4,"isVote":1,"tweetType":1,"viewCount":1750,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198868842,"gmtCreate":1620951444186,"gmtModify":1704350938003,"author":{"id":"3574164671299178","authorId":"3574164671299178","name":"飞鸟跌穴298884","avatar":"https://static.tigerbbs.com/0a86a1d7644d8cfdcbb622860fd749e7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574164671299178","authorIdStr":"3574164671299178"},"themes":[],"title":"","htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/198868842","repostId":"1184785046","repostType":4,"repost":{"id":"1184785046","kind":"news","pubTimestamp":1620869787,"share":"https://ttm.financial/m/news/1184785046?lang=en_US&edition=fundamental","pubTime":"2021-05-13 09:36","market":"sh","language":"zh","title":"Just how long will \"temporary\" high inflation last? Several indicators may provide clues","url":"https://stock-news.laohu8.com/highlight/detail?id=1184785046","media":"彭博环球财经","summary":"长期通货膨胀风险仍然是投资者关注的头等大事大宗商品，芯片短缺推动对通胀率上涨的预期美联储官员一遍又一遍强调今年通胀的任何回升都是“暂时”的，但金融市场的交易员并没有他们那么笃定。在周三美国公布CPI超","content":"<p><div>Long-term inflation risk remains a top priority for investors Commodities, chip shortage drives expectations of rising inflation Fed officials have stressed over and over that any pick-up in inflation this year is \"temporary,\" but traders in financial markets are not as sure as they are. Before the U.S. announced that the CPI surged more than expected on Wednesday, investors were already paying close attention to the general signs of rising costs. Commodity prices such as copper and timber soared to record levels, and the bond market's inflation expectations for the next decade climbed to the highest in eight years. The sentiment is also rocking the stock market, with the Cboe Volatility Index rising to its highest since March...</p><p><a href=\"https://mp.weixin.qq.com/s/kMsMuk-zb7_c2dGQ-4bPLA\">Web link</a></div></p>","source":"lsy1568765252508","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>Just how long will \"temporary\" high inflation last? Several indicators may provide clues</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nJust how long will \"temporary\" high inflation last? Several indicators may provide clues\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">彭博环球财经</strong><span class=\"h-time small\">2021-05-13 09:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>Long-term inflation risk remains a top priority for investors Commodities, chip shortage drives expectations of rising inflation Fed officials have stressed over and over that any pick-up in inflation this year is \"temporary,\" but traders in financial markets are not as sure as they are. Before the U.S. announced that the CPI surged more than expected on Wednesday, investors were already paying close attention to the general signs of rising costs. Commodity prices such as copper and timber soared to record levels, and the bond market's inflation expectations for the next decade climbed to the highest in eight years. The sentiment is also rocking the stock market, with the Cboe Volatility Index rising to its highest since March...</p><p><a href=\"https://mp.weixin.qq.com/s/kMsMuk-zb7_c2dGQ-4bPLA\">Web link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/kMsMuk-zb7_c2dGQ-4bPLA\">彭博环球财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/d26d2e743adbb3b7a16bc81651b06c89","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://mp.weixin.qq.com/s/kMsMuk-zb7_c2dGQ-4bPLA","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184785046","content_text":"长期通货膨胀风险仍然是投资者关注的头等大事大宗商品，芯片短缺推动对通胀率上涨的预期美联储官员一遍又一遍强调今年通胀的任何回升都是“暂时”的，但金融市场的交易员并没有他们那么笃定。在周三美国公布CPI超预期大涨前，投资者已经对普遍成本上升迹象高度关注，铜、木材等大宗商品价格飙升至创纪录水平，债券市场对未来十年的通货膨胀预期攀升至八年来最高。这种情绪也在动摇股票市场，Cboe波动率指数升至3月以来最高水平。根据美国银行的数据，最近一轮美国企业业绩电话会议上，通胀一词成为流行词，出现次数比一年前增加了800%。尽管上周的非农就业报告中显示4月份新增就业只有经济学家预期的四分之一，但市场普遍将数据视为企业必须提高工资以填补职位空缺的信号。美国银行美国股票和量化策略主管Savita Subramanian上周五表示，“通货膨胀风险是我们要关注的，我不知道它们是否只是暂时的”.4月CPI数据的飙升令美债市场5年通胀预期提升至2005年以来的最高水平。CPI环比增长0.8％，高于经济学家预期的0.2％；同比升幅4.2％，高于预期的3.6％。10年期美国国债收益率在数据发布后上涨五个基点，至1.67％。通货膨胀担忧日益加剧对拜登庞大的刺激计划构成政治威胁，尤其是在上周五令人失望的非农就业数据发布后。但是美联储决策者不为所动，最近几周就连几位鹰派官员也说，即使财政刺激规模史无前例，通货膨胀也不太可能失去控制。美联储主席鲍威尔和拜登政府经济顾问表示，现在一些领域出现的通货膨胀是“暂时性”的。这就产生了一个重要的问题：所谓 “暂时性”到底意味着多长时间？目前来看，答案很可能是未知的，但以往几次的衰退可能为人们提供一些线索。经济衰退后的大宗商品如果最近的价格上涨主要是由大宗商品驱动的，那么这取决于大宗商品涨势能持续多长时间。以2009年经济回升为路线图，对原材料的需求以及大宗商品价格的高涨持续了两年，全球通货膨胀升势维持到大宗商品市场见顶回落才停止。这些价格上涨很大程度上是由庞大的中国基础设施建设推动的。这次，随着拜登政府巨额基建计划的推出，美国变成了十多年前的中国。按照这种逻辑，所谓“暂时性”可能意味着两年。电脑芯片短缺但是，木材和铜等原材料并不是可能加剧通胀的唯一因素。用于手机 、汽车、冰箱等一切电子产品的芯片也将发挥重要作用。由于芯片短缺，本田，宝马和其他汽车制造商被迫停产。鉴于芯片的重要性，由30个成分股组成的费城半导体指数与债市10年盈亏平衡通胀率呈现正相关也就不足为奇了。过去的一年，这两个指标一直保持同向。二手车周三公布的数据显示，芯片短缺导致的新车生产放缓引发二手车和卡车价格4月份大涨10%。Nordea Investment Funds SA的高级宏观策略师Sebastien Galy表示 ，买不起高价车的消费者需求的释放令二手车价格飙涨。曼海姆二手车价值指数显示它们已比去年年底上涨20%。盈亏平衡通胀率债券市场已经察觉了通胀压力，它所反映的通货膨胀预期对投资者的预测有影响。衡量未来十年通胀预期的10年盈亏平衡通胀率约为2.57％，接近2013年3月以来最高水平。周三，5年盈亏平衡通胀率达到2.82％，是2005年以来的最高水平。可以肯定的是，并非所有市场参与者都同意来自债券市场的通胀信号。高盛和太平洋投资管理公司(Pimco)估计，债券交易员对未来几年3%的年通胀率预期过于激进。薪资压力一些投资者，策略师和政界人士认为，远低于预期的就业数据传递出一个真正的信息是企业雇佣成本将上升。部分原因是政府增加了失业救济金，这使雇主之前开出的工资吸引力降低了。任何薪资上升压力都可能反映到商品和服务的价格中，从而进一步提高通货膨胀率。","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":1908,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":102514285,"gmtCreate":1620223777847,"gmtModify":1704340436466,"author":{"id":"3574164671299178","authorId":"3574164671299178","name":"飞鸟跌穴298884","avatar":"https://static.tigerbbs.com/0a86a1d7644d8cfdcbb622860fd749e7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574164671299178","authorIdStr":"3574164671299178"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/102514285","repostId":"2133152381","repostType":4,"isVote":1,"tweetType":1,"viewCount":1631,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":102744487,"gmtCreate":1620256980149,"gmtModify":1704340769903,"author":{"id":"3574164671299178","authorId":"3574164671299178","name":"飞鸟跌穴298884","avatar":"https://static.tigerbbs.com/0a86a1d7644d8cfdcbb622860fd749e7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574164671299178","authorIdStr":"3574164671299178"},"themes":[],"title":"","htmlText":"????????","listText":"????????","text":"????????","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/102744487","repostId":"1145881706","repostType":4,"repost":{"id":"1145881706","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1620256293,"share":"https://ttm.financial/m/news/1145881706?lang=en_US&edition=fundamental","pubTime":"2021-05-06 07:11","market":"us","language":"zh","title":"PayPal's first-quarter net profit surged 1206% year-on-year, and its stock price rose more than 4% in after-hours trading.","url":"https://stock-news.laohu8.com/highlight/detail?id=1145881706","media":"老虎资讯综合","summary":"5月6日，在线支付服务商Paypal周三盘后公布了该公司第一季度财报。财报显示，第一季度营收60.3亿美元，市场预期59.04亿美元，去年同期46.18亿美元；第一季度净利润10.97亿美元，市场预期净利润7.95亿美元，去年同期净利润0.84亿美元；第一季度每股盈利0.92美元，市场预期0.65美元，去年同期0.07美元。在截至3月31日的这一财季，PayPal的净利润为10.97亿美元，比上年同期的8400万美元增长1206%；每股摊薄收益为0.92美元，比去年同期的0.07美元增长1200%。","content":"<p>On May 6, online payment service provider Paypal released its first-quarter financial results after the market closed on Wednesday. The financial report shows that first-quarter revenue was $6.03 billion, compared to market expectations of $5.904 billion and $4.618 billion in the same period last year; First-quarter net income was $1.097 billion, compared to market expectations of $795 million and $84 million in the same period last year; First-quarter earnings per share were $0.92, compared to market expectations of $0.65 and $0.07 in the same period last year.</p><p><img src=\"https://static.tigerbbs.com/b310be06ef646365a11b0ad68717cf98\" tg-width=\"838\" tg-height=\"638\"></p><p><b>Financial Performance and Operating Metrics:</b></p><p>In the fiscal quarter ending March 31, PayPal's net profit was $1.097 billion, a 1206% increase from $84 million in the same period last year; Diluted earnings per share were $0.92, up 1,200% from $0.07 in the same period last year. Excluding certain one-time items (not in accordance with U.S. GAAP), PayPal's adjusted net profit for the first quarter was $1.455 billion, an 85% increase compared to $786 million in the same period last year. Adjusted earnings per share were $1.22, up 84% from $0.66 in the same period last year, exceeding analysts' expectations. According to data provided by Yahoo Finance, 38 analysts had previously expected PayPal's first-quarter earnings per share to reach $1.01.</p><p>PayPal's net revenue for the first quarter was $6.033 billion, a 31% increase from $4.618 billion in the same period last year, and a 29% year-over-year increase excluding the impact of currency fluctuations, which also exceeded analysts' expectations. According to data provided by Yahoo Finance, 36 analysts had previously expected PayPal's first-quarter revenue to reach $5.9 billion.</p><p>PayPal's total payments (TPV) in the first quarter were $285.447 billion, a 50% increase from $190.567 billion in the same period last year, and a 46% year-over-year increase excluding the impact of currency fluctuations.</p><p>PayPal's total operating expenses for the first quarter were $4.991 billion, compared to $4.22 billion in the same period last year. Of this, transaction expenses were $2.275 billion, compared to $1.739 billion in the same period last year; Transaction and loan losses were $273 million, compared to $591 million in the same period last year; Customer support and operating expenses were $518 million, compared to $399 million in the same period last year; Sales and marketing expenses were $602 million, compared to $371 million in the same period last year; Technology and development expenditures were $741 million, compared to $605 million in the same period last year; General and administrative expenses were $524 million, compared to $486 million in the same period last year; Restructuring and other expenses were $58 million, compared to $29 million in the same period last year.</p><p>PayPal reported operating profit of $104.2 billion in the first quarter, compared to an operating profit of $398 million in the same period last year; The operating profit margin was 17.3%, up 865 basis points from 8.6% in the same period last year. Non-GAAP, PayPal's adjusted operating profit for the first quarter was $1.673 billion, compared to $908 million in the same period last year; Adjusted operating profit margin was 27.7%, up 807 basis points from 19.7% in the same period last year.</p><p>PayPal's cash flow from operating activities in the first quarter was $1.758 billion, a 24% increase compared to $1.421 billion in the same period last year; Free cash flow was $1.537 billion, a 27% increase compared to $1.215 billion in the same period last year. As of December 31, 2021, PayPal held $19.1 billion in cash and cash equivalents, as well as non-equity investments, and $8.9 billion in total liabilities. PayPal's effective tax rate in the first quarter was -25.8%, a decrease of 93.9 percentage points compared to 68.1% in the same period last year; Not in accordance with U.S. GAAP, PayPal's effective tax rate for the first quarter was 10.4%, a decrease of 2.0 percentage points compared to 12.4% in the same period last year. PayPal returned $1.3 billion in cash to shareholders in the first quarter by repurchasing approximately 5.3 million common shares.</p><p>PayPal had 14.5 million net new active accounts in the first quarter, a 21% increase compared to the same period last year, bringing the total number of active accounts to 392 million. In the first quarter, PayPal processed 4.4 billion transactions, a year-on-year increase of 34%. Over the past 12 months, PayPal processed 42.2 transactions per active account, a 7% year-over-year increase.</p><p><b>Performance Outlook:</b></p><p>PayPal expects net revenue to reach $6.25 billion in the second quarter of fiscal year 2021, representing a 19% year-over-year increase. Excluding the impact of currency fluctuations, the company achieved a 17% year-over-year increase, exceeding expectations. Diluted earnings per share are expected to reach $0.76, compared to $1.29 in the same period last year; Adjusted non-GAAP earnings per share are expected to reach $1.12, a 5% year-over-year increase, which also exceeded expectations. The second-quarter earnings per share outlook includes expected net unrealized earnings of approximately $0.58 per share, which will come from PayPal's strategic investment portfolio. The second quarter, which was not in accordance with U.S. GAAP earnings expectations, reflected an adjustment of approximately $525 million, including an estimated $400 million in share-based compensation expenses and related payroll taxes. According to data compiled by Yahoo Finance, 35 analysts had previously expected PayPal's second-quarter revenue to reach $6.16 billion, while 37 analysts had previously expected PayPal's second-quarter earnings per share to reach $1.10.</p><p>PayPal expects its net revenue for the full fiscal year 2021 to reach $25.75 billion, a 20% year-over-year increase, or 18.5% year-over-year excluding the impact of currency fluctuations, slightly exceeding expectations. Diluted earnings per share are expected to reach $3.33; Adjusted non-GAAP earnings per share are expected to reach $4.70, a 21% year-over-year increase, which also exceeded expectations. The earnings per share outlook for fiscal year 2021 includes expected net unrealized earnings of approximately $1.24 per share, which will come from PayPal's strategic investment portfolio. The non-GAAP performance expectations for fiscal year 2021 reflect an adjustment of approximately $2.21 billion, including an estimated $1.7 billion in share-based compensation expenses and related payroll taxes. According to data compiled by Yahoo Finance, 47 analysts had previously expected PayPal's full-year revenue to reach $25.71 billion, and 47 analysts had previously expected PayPal's full-year earnings per share to reach $4.57.</p><p>PayPal expects its net new active accounts to be between 52 million and 55 million for the full year of fiscal year 2021, and expects total payments to increase by 30% year-over-year.</p><p>Following the earnings report, Paypal's stock price rose more than 4% in after-hours trading, and the company's shares closed down 1.1% at $247.4 on Wednesday.</p><p><img src=\"https://static.tigerbbs.com/66cc879026e08bd5e63401804a1e1ced\" tg-width=\"1302\" tg-height=\"833\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>PayPal's first-quarter net profit surged 1206% year-on-year, and its stock price rose more than 4% in after-hours trading.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPayPal's first-quarter net profit surged 1206% year-on-year, and its stock price rose more than 4% in after-hours trading.\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-05-06 07:11</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>On May 6, online payment service provider Paypal released its first-quarter financial results after the market closed on Wednesday. The financial report shows that first-quarter revenue was $6.03 billion, compared to market expectations of $5.904 billion and $4.618 billion in the same period last year; First-quarter net income was $1.097 billion, compared to market expectations of $795 million and $84 million in the same period last year; First-quarter earnings per share were $0.92, compared to market expectations of $0.65 and $0.07 in the same period last year.</p><p><img src=\"https://static.tigerbbs.com/b310be06ef646365a11b0ad68717cf98\" tg-width=\"838\" tg-height=\"638\"></p><p><b>Financial Performance and Operating Metrics:</b></p><p>In the fiscal quarter ending March 31, PayPal's net profit was $1.097 billion, a 1206% increase from $84 million in the same period last year; Diluted earnings per share were $0.92, up 1,200% from $0.07 in the same period last year. Excluding certain one-time items (not in accordance with U.S. GAAP), PayPal's adjusted net profit for the first quarter was $1.455 billion, an 85% increase compared to $786 million in the same period last year. Adjusted earnings per share were $1.22, up 84% from $0.66 in the same period last year, exceeding analysts' expectations. According to data provided by Yahoo Finance, 38 analysts had previously expected PayPal's first-quarter earnings per share to reach $1.01.</p><p>PayPal's net revenue for the first quarter was $6.033 billion, a 31% increase from $4.618 billion in the same period last year, and a 29% year-over-year increase excluding the impact of currency fluctuations, which also exceeded analysts' expectations. According to data provided by Yahoo Finance, 36 analysts had previously expected PayPal's first-quarter revenue to reach $5.9 billion.</p><p>PayPal's total payments (TPV) in the first quarter were $285.447 billion, a 50% increase from $190.567 billion in the same period last year, and a 46% year-over-year increase excluding the impact of currency fluctuations.</p><p>PayPal's total operating expenses for the first quarter were $4.991 billion, compared to $4.22 billion in the same period last year. Of this, transaction expenses were $2.275 billion, compared to $1.739 billion in the same period last year; Transaction and loan losses were $273 million, compared to $591 million in the same period last year; Customer support and operating expenses were $518 million, compared to $399 million in the same period last year; Sales and marketing expenses were $602 million, compared to $371 million in the same period last year; Technology and development expenditures were $741 million, compared to $605 million in the same period last year; General and administrative expenses were $524 million, compared to $486 million in the same period last year; Restructuring and other expenses were $58 million, compared to $29 million in the same period last year.</p><p>PayPal reported operating profit of $104.2 billion in the first quarter, compared to an operating profit of $398 million in the same period last year; The operating profit margin was 17.3%, up 865 basis points from 8.6% in the same period last year. Non-GAAP, PayPal's adjusted operating profit for the first quarter was $1.673 billion, compared to $908 million in the same period last year; Adjusted operating profit margin was 27.7%, up 807 basis points from 19.7% in the same period last year.</p><p>PayPal's cash flow from operating activities in the first quarter was $1.758 billion, a 24% increase compared to $1.421 billion in the same period last year; Free cash flow was $1.537 billion, a 27% increase compared to $1.215 billion in the same period last year. As of December 31, 2021, PayPal held $19.1 billion in cash and cash equivalents, as well as non-equity investments, and $8.9 billion in total liabilities. PayPal's effective tax rate in the first quarter was -25.8%, a decrease of 93.9 percentage points compared to 68.1% in the same period last year; Not in accordance with U.S. GAAP, PayPal's effective tax rate for the first quarter was 10.4%, a decrease of 2.0 percentage points compared to 12.4% in the same period last year. PayPal returned $1.3 billion in cash to shareholders in the first quarter by repurchasing approximately 5.3 million common shares.</p><p>PayPal had 14.5 million net new active accounts in the first quarter, a 21% increase compared to the same period last year, bringing the total number of active accounts to 392 million. In the first quarter, PayPal processed 4.4 billion transactions, a year-on-year increase of 34%. Over the past 12 months, PayPal processed 42.2 transactions per active account, a 7% year-over-year increase.</p><p><b>Performance Outlook:</b></p><p>PayPal expects net revenue to reach $6.25 billion in the second quarter of fiscal year 2021, representing a 19% year-over-year increase. Excluding the impact of currency fluctuations, the company achieved a 17% year-over-year increase, exceeding expectations. Diluted earnings per share are expected to reach $0.76, compared to $1.29 in the same period last year; Adjusted non-GAAP earnings per share are expected to reach $1.12, a 5% year-over-year increase, which also exceeded expectations. The second-quarter earnings per share outlook includes expected net unrealized earnings of approximately $0.58 per share, which will come from PayPal's strategic investment portfolio. The second quarter, which was not in accordance with U.S. GAAP earnings expectations, reflected an adjustment of approximately $525 million, including an estimated $400 million in share-based compensation expenses and related payroll taxes. According to data compiled by Yahoo Finance, 35 analysts had previously expected PayPal's second-quarter revenue to reach $6.16 billion, while 37 analysts had previously expected PayPal's second-quarter earnings per share to reach $1.10.</p><p>PayPal expects its net revenue for the full fiscal year 2021 to reach $25.75 billion, a 20% year-over-year increase, or 18.5% year-over-year excluding the impact of currency fluctuations, slightly exceeding expectations. Diluted earnings per share are expected to reach $3.33; Adjusted non-GAAP earnings per share are expected to reach $4.70, a 21% year-over-year increase, which also exceeded expectations. The earnings per share outlook for fiscal year 2021 includes expected net unrealized earnings of approximately $1.24 per share, which will come from PayPal's strategic investment portfolio. The non-GAAP performance expectations for fiscal year 2021 reflect an adjustment of approximately $2.21 billion, including an estimated $1.7 billion in share-based compensation expenses and related payroll taxes. According to data compiled by Yahoo Finance, 47 analysts had previously expected PayPal's full-year revenue to reach $25.71 billion, and 47 analysts had previously expected PayPal's full-year earnings per share to reach $4.57.</p><p>PayPal expects its net new active accounts to be between 52 million and 55 million for the full year of fiscal year 2021, and expects total payments to increase by 30% year-over-year.</p><p>Following the earnings report, Paypal's stock price rose more than 4% in after-hours trading, and the company's shares closed down 1.1% at $247.4 on Wednesday.</p><p><img src=\"https://static.tigerbbs.com/66cc879026e08bd5e63401804a1e1ced\" tg-width=\"1302\" tg-height=\"833\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3f3d6910b39b74c9e31da213a675621c","relate_stocks":{"PYPL":"PayPal"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145881706","content_text":"5月6日，在线支付服务商Paypal周三盘后公布了该公司第一季度财报。财报显示，第一季度营收60.3亿美元，市场预期59.04亿美元，去年同期46.18亿美元；第一季度净利润10.97亿美元，市场预期净利润7.95亿美元，去年同期净利润0.84亿美元；第一季度每股盈利0.92美元，市场预期0.65美元，去年同期0.07美元。\n\n财务业绩和运营指标：\n在截至3月31日的这一财季，PayPal的净利润为10.97亿美元，比上年同期的8400万美元增长1206%；每股摊薄收益为0.92美元，比去年同期的0.07美元增长1200%。不计入某些一次性项目（不按照美国通用会计准则），PayPal第一季度调整后净利润为14.55亿美元，与上年同期的7.86亿美元相比增长85%；调整后每股收益为1.22美元，与上年同期的0.66美元相比增长84%，超出分析师预期。据雅虎财经频道提供的数据显示，38名分析师此前平均预期PayPal第一季度每股收益将达1.01美元。\nPayPal第一季度净营收为60.33亿美元，比上年同期的46.18亿美元增长31%，不计入汇率变动的影响为同比增长29%，这一业绩也超出分析师预期。据雅虎财经频道提供的数据显示，36名分析师此前平均预期PayPal第一季度营收将达59亿美元。\nPayPal第一季度总支付额（TPV）为2854.47亿美元，比去年同期的1905.67亿美元增长50%，不计入汇率变动的影响为同比增长46%。\nPayPal第一季度总运营支出为49.91亿美元，相比之下上年同期为42.20亿美元。其中，交易支出为22.75亿美元，相比之下上年同期为17.39亿美元；交易和贷款损失为2.73亿美元，相比之下上年同期为5.91亿美元；客户支持和运营支出为5.18亿美元，相比之下上年同期为3.99亿美元；销售和营销支出为6.02亿美元，相比之下上年同期为3.71亿美元；技术和开发支出为7.41亿美元，相比之下上年同期为6.05亿美元；总务和行政支出为5.24亿美元，相比之下上年同期为4.86亿美元；重组及其他支出为5800万美元，相比之下上年同期为2900万美元。\nPayPal第一季度运营利润为1042亿美元，相比之下去年同期的运营利润为3.98亿美元；运营利润率为17.3%，与去年同期的8.6%相比上升865个基点。不按照美国通用会计准则，PayPal第一季度调整后运营利润为16.73亿美元，相比之下去年同期为9.08亿美元；调整后运营利润率为27.7%，与去年同期的19.7%相比上升807个基点。\nPayPal第一季度来自于业务运营活动的现金流为17.58亿美元，与上年同期的14.21亿美元相比增长24%；自由现金流为15.37亿美元，与上年同期的12.15亿美元相比增长27%。截至2021年12月31日，PayPal持有的现金和现金等价物以及非股权投资总额为191亿美元，总负债为89亿美元。PayPal第一季度有效税率为-25.8%，与上年同期的68.1%相比下降93.9个百分点；不按照美国通用会计准则，PayPal第一季度有效税率为10.4%，与去年同期的12.4%相比下降2.0个百分点。PayPal在第一季度中通过回购约530万股普通股的形式向股东返还了13亿美元现金。\nPayPal第一季度净新增活跃账户为1450万个，与去年同期相比增长21%，总活跃账户达到了3.92亿个。在第一季度中，PayPal处理的交易量达到了44亿次，同比增长34%。在过去12个月时间里，PayPal的每活跃账户交易处理量为42.2次，同比增长7%。\n业绩展望：\nPayPal预计，2021财年第二季度该公司净营收将达62.5亿美元，同比增长19%，不计入汇率变动的影响为同比增长17%，超出预期；每股摊薄收益预计将达0.76美元，相比之下去年同期为1.29美元；不按照美国通用会计准则的调整后每股收益预计将达1.12美元，同比增长5%，也超出预期。第二季度每股收益展望中包含了一笔约为每股0.58美元的预期净未实现收益，这项收益来自于PayPal的战略投资组合；第二季度不按照美国通用会计准则的业绩预期反映了约5.25亿美元的调整，其中包括预计约为4亿美元的股权奖励支出及其相关工资税。据雅虎财经频道统计的数据显示，35名分析师此前平均预期PayPal第二季度营收将达61.6亿美元，37名分析师此前平均预期PayPal第二季度每股收益将达1.1美元。\nPayPal预计，2021财年全年该公司净营收将达257.5亿美元，同比增长20%，不计入汇率变动的影响为同比增长18.5%，略微超出预期；每股摊薄收益预计将达3.33美元；不按照美国通用会计准则的调整后每股收益预计将达4.70美元，同比增长21%，也超出预期。2021财年每股收益展望中包含了一笔约为每股1.24美元的预期净未实现收益，这项收益来自于PayPal的战略投资组合；2021财年不按照美国通用会计准则的业绩预期反映了约22.1亿美元的调整，其中包括预计约为17亿美元的股权奖励支出及其相关工资税。据雅虎财经频道统计的数据显示，47名分析师此前平均预期PayPal全年营收将达257.1亿美元，47名分析师此前平均预期PayPal全年每股收益将达4.57美元。\nPayPal预计，2021财年全年该公司的净新增活跃账户将在5200万到5500万个之间，并预计全年总支付额将同比增长30%。\n财报公布后，Paypal股价盘后涨超4%，该公司股价周三收跌1.1%，报247.4美元。","news_type":1,"symbols_score_info":{"PYPL":0.9}},"isVote":1,"tweetType":1,"viewCount":1296,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126356335,"gmtCreate":1624545451627,"gmtModify":1703840010412,"author":{"id":"3574164671299178","authorId":"3574164671299178","name":"飞鸟跌穴298884","avatar":"https://static.tigerbbs.com/0a86a1d7644d8cfdcbb622860fd749e7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574164671299178","authorIdStr":"3574164671299178"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/126356335","repostId":"1180116198","repostType":4,"isVote":1,"tweetType":1,"viewCount":6262,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165821302,"gmtCreate":1624117973706,"gmtModify":1703829047820,"author":{"id":"3574164671299178","authorId":"3574164671299178","name":"飞鸟跌穴298884","avatar":"https://static.tigerbbs.com/0a86a1d7644d8cfdcbb622860fd749e7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574164671299178","authorIdStr":"3574164671299178"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/165821302","repostId":"2144702770","repostType":4,"repost":{"id":"2144702770","kind":"highlight","pubTimestamp":1624244088,"share":"https://ttm.financial/m/news/2144702770?lang=en_US&edition=fundamental","pubTime":"2021-06-21 10:54","market":"hk","language":"zh","title":"An 18-fold increase in 10 years! Did you miss out on the generous dividends in tech stocks?","url":"https://stock-news.laohu8.com/highlight/detail?id=2144702770","media":"新浪财经综合","summary":"港股科技股市值近10年来呈井喷之势，恒生资讯科技业指数市值由10年前（2011年6月）不足1万亿元，10年间暴增1800%至超17万亿元，并一举超过恒生金融业指数15.73万亿元的市值的市值，雄踞港股","content":"<p>The market capitalization of Hong Kong technology stocks has exploded in the past 10 years. The market capitalization of the Hang Seng Information Technology Index has increased by 1800% from less than HK$1 trillion 10 years ago (June 2011) to over HK$17 trillion in 10 years, and has surpassed the Hang Seng Financial Index's market capitalization of HK$15.73 trillion, ranking first among all industries in the Hong Kong stock market!</p><p>The Hong Kong stock market is expanding steadily overall.</p><p>Changes in market capitalization of the three major heavyweight industry indices in Hong Kong stocks over the past 10 years (see the chart below).<img src=\"https://static.tigerbbs.com/6da34a6fd16e9aaad4a45a0705a50187\" tg-width=\"549\" tg-height=\"419\" referrerpolicy=\"no-referrer\">Data source: Wind</p><p>At the same time, the total market capitalization of the Hong Kong stock market increased from approximately HK$20 trillion 10 years ago to over HK$50 trillion.</p><p><img src=\"https://static.tigerbbs.com/623fb4d1a2b1422cabfb3a7f8c65af7c\" tg-width=\"796\" tg-height=\"690\" referrerpolicy=\"no-referrer\">Data source: Wind</p><p>The main reason for the market capitalization growth is the significant expansion of Hong Kong-listed companies, with the number of listed companies increasing from 1,448 10 years ago to nearly 2,600 today. Meanwhile, the Hang Seng Index, which was once dominated by financial and real estate stocks, has seen relatively limited gains, rising by only about 20% over the past decade.</p><p>The number of companies listed on the Hong Kong Stock Exchange is shown in the figure below.</p><p><img src=\"https://static.tigerbbs.com/3cc6565025f2f3abf895088cfcf29da7\" tg-width=\"789\" tg-height=\"223\" referrerpolicy=\"no-referrer\"></p><p>Looking at the market capitalization ratio of various industry indices, the proportion of the Hang Seng Information Technology Index (accounting for the total market capitalization of companies included in the Hang Seng series industry indices) has increased explosively from 3% in June 2011 to the latest 25%!</p><p>Old economic sectors are sluggish</p><p>Finance, real estate, and energy, three heavyweight sectors of the established economy, have significantly underperformed the market, and energy is no longer even a heavyweight sector.</p><p><img src=\"https://static.tigerbbs.com/546bcd2e116e4cc22cdd0cf3edebf61d\" tg-width=\"584\" tg-height=\"472\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5dd31eaef02347d31d36a54b4594ed2a\" tg-width=\"562\" tg-height=\"522\" referrerpolicy=\"no-referrer\">Data source: Wind</p><p>The Hang Seng Financial Industries Index has increased from 11 trillion yuan 10 years ago to less than 16 trillion yuan lately. However, the proportion of the Hang Seng Financial Index declined significantly, from 46% to 25%, making it the sector with the largest decline.</p><p>Hong Kong heavyweight stocks such as Changshi and Sun Hung Kai Properties<a href=\"https://laohu8.com/S/01972\">Swire Properties</a>、<a href=\"https://laohu8.com/S/00017\">New World development</a>The real estate index, which is clustered together, also performed weakly, with its market capitalization share dropping from 10% to 9%.</p><p>In addition, the sluggish oil prices over the past 10 years have also caused the market capitalization of the Hang Seng Energy Index to decline from HK$4.8 trillion to HK$2.1 trillion. Instead of increasing in the past 10 years, it has been halved, and its market capitalization share has dropped sharply from 18% to 3%.<img src=\"https://static.tigerbbs.com/4b27148417ef1d600426d51d4c161bda\" tg-width=\"537\" tg-height=\"431\" referrerpolicy=\"no-referrer\"></p><p>The Choice of the Times and the Reform of the Hong Kong Stock</p><p>The past 10 years can be considered a golden decade for Chinese technology companies, with Alibaba,<a href=\"https://laohu8.com/S/00700\">Tencent</a>Both giants have experienced explosive growth, with their market capitalizations increasing to behemoths in the 5 trillion yuan range. Meituan and Xiaomi were unknown ten years ago, but Meituan has become a technology leader with a market value of nearly 2 trillion yuan, and Xiaomi has grown into a smart home ecosystem leader with a market value of 700 billion yuan.<a href=\"https://laohu8.com/S/JD\">JD.com</a>From years of losses to now stable profitability, its market capitalization has reached trillions of yuan.<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>、<a href=\"https://laohu8.com/S/NTES\">NetEase</a>While slightly less impressive than the explosive growth of the first decade of this century, it has made steady progress and lived up to the expectations of the times.</p><p>The strong development of the short video industry in recent years has created Kuaishou,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Waiting for the rise of leading video companies. In addition, according to media reports in April this year, ByteDance has submitted an underwriter appointment letter to the Hong Kong Stock Exchange and initiated the process of listing in Hong Kong, with a valuation of US$400 billion. ByteDance, a phenomenal blockbuster company, will be listed on the Hong Kong Stock Exchange in the near future, and there is still considerable room for growth in the market capitalization of Hong Kong-listed technology stocks.</p><p><img src=\"https://static.tigerbbs.com/2e3dfd73fe60381e50e44793dfc84464\" tg-width=\"570\" tg-height=\"412\" referrerpolicy=\"no-referrer\">On one hand, the times have brought substantial dividends to technology stocks; on the other hand, the Hong Kong Stock Exchange has learned from its mistakes and is reforming itself.</p><p>The Hong Kong Stock Exchange missed in 2014<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Later, at the end of 2017, it finally made its biggest change in more than 20 years - allowing the dual-class share structure and the listing of unprofitable biological companies.</p><p>It is no exaggeration to say that 2018 marked the beginning of a new era for Hong Kong stocks. A large number of leading tech companies that had previously missed out on Hong Kong stocks have chosen to list in Hong Kong for a secondary period, including established tech giants such as Alibaba, Baidu, JD.com, and NetEase. This also led newcomers such as Meituan, Xiaomi, and Kuaishou to choose Hong Kong as their initial public offering location. The Hong Kong stock market has become an indispensable market for investing in China's technology industry!</p>","source":"highlight_sina","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>An 18-fold increase in 10 years! Did you miss out on the generous dividends in tech stocks?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAn 18-fold increase in 10 years! Did you miss out on the generous dividends in tech stocks?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪财经综合</strong><span class=\"h-time small\">2021-06-21 10:54</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The market capitalization of Hong Kong technology stocks has exploded in the past 10 years. The market capitalization of the Hang Seng Information Technology Index has increased by 1800% from less than HK$1 trillion 10 years ago (June 2011) to over HK$17 trillion in 10 years, and has surpassed the Hang Seng Financial Index's market capitalization of HK$15.73 trillion, ranking first among all industries in the Hong Kong stock market!</p><p>The Hong Kong stock market is expanding steadily overall.</p><p>Changes in market capitalization of the three major heavyweight industry indices in Hong Kong stocks over the past 10 years (see the chart below).<img src=\"https://static.tigerbbs.com/6da34a6fd16e9aaad4a45a0705a50187\" tg-width=\"549\" tg-height=\"419\" referrerpolicy=\"no-referrer\">Data source: Wind</p><p>At the same time, the total market capitalization of the Hong Kong stock market increased from approximately HK$20 trillion 10 years ago to over HK$50 trillion.</p><p><img src=\"https://static.tigerbbs.com/623fb4d1a2b1422cabfb3a7f8c65af7c\" tg-width=\"796\" tg-height=\"690\" referrerpolicy=\"no-referrer\">Data source: Wind</p><p>The main reason for the market capitalization growth is the significant expansion of Hong Kong-listed companies, with the number of listed companies increasing from 1,448 10 years ago to nearly 2,600 today. Meanwhile, the Hang Seng Index, which was once dominated by financial and real estate stocks, has seen relatively limited gains, rising by only about 20% over the past decade.</p><p>The number of companies listed on the Hong Kong Stock Exchange is shown in the figure below.</p><p><img src=\"https://static.tigerbbs.com/3cc6565025f2f3abf895088cfcf29da7\" tg-width=\"789\" tg-height=\"223\" referrerpolicy=\"no-referrer\"></p><p>Looking at the market capitalization ratio of various industry indices, the proportion of the Hang Seng Information Technology Index (accounting for the total market capitalization of companies included in the Hang Seng series industry indices) has increased explosively from 3% in June 2011 to the latest 25%!</p><p>Old economic sectors are sluggish</p><p>Finance, real estate, and energy, three heavyweight sectors of the established economy, have significantly underperformed the market, and energy is no longer even a heavyweight sector.</p><p><img src=\"https://static.tigerbbs.com/546bcd2e116e4cc22cdd0cf3edebf61d\" tg-width=\"584\" tg-height=\"472\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/5dd31eaef02347d31d36a54b4594ed2a\" tg-width=\"562\" tg-height=\"522\" referrerpolicy=\"no-referrer\">Data source: Wind</p><p>The Hang Seng Financial Industries Index has increased from 11 trillion yuan 10 years ago to less than 16 trillion yuan lately. However, the proportion of the Hang Seng Financial Index declined significantly, from 46% to 25%, making it the sector with the largest decline.</p><p>Hong Kong heavyweight stocks such as Changshi and Sun Hung Kai Properties<a href=\"https://laohu8.com/S/01972\">Swire Properties</a>、<a href=\"https://laohu8.com/S/00017\">New World development</a>The real estate index, which is clustered together, also performed weakly, with its market capitalization share dropping from 10% to 9%.</p><p>In addition, the sluggish oil prices over the past 10 years have also caused the market capitalization of the Hang Seng Energy Index to decline from HK$4.8 trillion to HK$2.1 trillion. Instead of increasing in the past 10 years, it has been halved, and its market capitalization share has dropped sharply from 18% to 3%.<img src=\"https://static.tigerbbs.com/4b27148417ef1d600426d51d4c161bda\" tg-width=\"537\" tg-height=\"431\" referrerpolicy=\"no-referrer\"></p><p>The Choice of the Times and the Reform of the Hong Kong Stock</p><p>The past 10 years can be considered a golden decade for Chinese technology companies, with Alibaba,<a href=\"https://laohu8.com/S/00700\">Tencent</a>Both giants have experienced explosive growth, with their market capitalizations increasing to behemoths in the 5 trillion yuan range. Meituan and Xiaomi were unknown ten years ago, but Meituan has become a technology leader with a market value of nearly 2 trillion yuan, and Xiaomi has grown into a smart home ecosystem leader with a market value of 700 billion yuan.<a href=\"https://laohu8.com/S/JD\">JD.com</a>From years of losses to now stable profitability, its market capitalization has reached trillions of yuan.<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>、<a href=\"https://laohu8.com/S/NTES\">NetEase</a>While slightly less impressive than the explosive growth of the first decade of this century, it has made steady progress and lived up to the expectations of the times.</p><p>The strong development of the short video industry in recent years has created Kuaishou,<a href=\"https://laohu8.com/S/BILI\">Bilibili</a>Waiting for the rise of leading video companies. In addition, according to media reports in April this year, ByteDance has submitted an underwriter appointment letter to the Hong Kong Stock Exchange and initiated the process of listing in Hong Kong, with a valuation of US$400 billion. ByteDance, a phenomenal blockbuster company, will be listed on the Hong Kong Stock Exchange in the near future, and there is still considerable room for growth in the market capitalization of Hong Kong-listed technology stocks.</p><p><img src=\"https://static.tigerbbs.com/2e3dfd73fe60381e50e44793dfc84464\" tg-width=\"570\" tg-height=\"412\" referrerpolicy=\"no-referrer\">On one hand, the times have brought substantial dividends to technology stocks; on the other hand, the Hong Kong Stock Exchange has learned from its mistakes and is reforming itself.</p><p>The Hong Kong Stock Exchange missed in 2014<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>Later, at the end of 2017, it finally made its biggest change in more than 20 years - allowing the dual-class share structure and the listing of unprofitable biological companies.</p><p>It is no exaggeration to say that 2018 marked the beginning of a new era for Hong Kong stocks. A large number of leading tech companies that had previously missed out on Hong Kong stocks have chosen to list in Hong Kong for a secondary period, including established tech giants such as Alibaba, Baidu, JD.com, and NetEase. This also led newcomers such as Meituan, Xiaomi, and Kuaishou to choose Hong Kong as their initial public offering location. The Hong Kong stock market has become an indispensable market for investing in China's technology industry!</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/stock/hkstock/hkstocknews/2021-06-19/doc-ikqcfnca1890926.shtml\">新浪财经综合</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/753c9aba3202037bc97463c545d5d015","relate_stocks":{"HSI":"恒生指数"},"source_url":"https://finance.sina.com.cn/stock/hkstock/hkstocknews/2021-06-19/doc-ikqcfnca1890926.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2144702770","content_text":"港股科技股市值近10年来呈井喷之势，恒生资讯科技业指数市值由10年前（2011年6月）不足1万亿元，10年间暴增1800%至超17万亿元，并一举超过恒生金融业指数15.73万亿元的市值的市值，雄踞港股各行业市值榜首！\n港股市场整体稳步扩张\n港股三大权重行业指数10年来市值变化（见下图）。数据来源：Wind\n与此同时，港股主板总市值由10年前的约20万亿港元增至超50万亿港元。\n数据来源：Wind\n市值增长的主要原因是港股上市公司的大幅扩张，上市公司数量由10年前的1448家增至现今的近2600家。于此同时，曾以金融、地产股为主的恒生指数涨幅则相对有限，十年间仅有约20%。\n港股上市公司数量，如下图所示。\n\n从各行业指数市值占比来看，恒生资讯科技业指数比重（占入选恒生系列行业指数的公司总市值）由2011年6月的3%爆发式增至最新的25%！\n老经济板块低迷\n金融、地产、能源这三个权重老经济板块，则明显跑输市场，甚至能源已不再是一个权重板块。\n数据来源：Wind\n恒生金融业指数由10年前的11万亿元增至最新的不足16万亿元。但恒生金融业指数比重则下滑明显，由占比46%下滑至25%，是下滑幅度最大的行业。\n香港本地重磅股长实、新鸿基、太古地产、新世界发展等扎堆的地产指数也表现较弱，市值占比从10%降至9%。\n此外，近10年油价的低迷也导致恒生能源业指数市值由4.8万亿元下滑至2.1万亿元，10年来不增反而腰斩，市值比重由18%大幅下滑至3%。\n时代选择与港交所自身改革\n近10年，可以说是中国科技公司的黄金10年，阿里、腾讯双雄爆发式成长，市值均增长至5万亿量级的庞然大物。美团、小米十年前尚名不见经传，但美团已成为市值近2万亿的科技龙头，小米也成长至市值7000亿的智能家居生态龙头。京东从连年亏损到如今稳定盈利，市值达到万亿量级。百度、网易稍逊风骚，虽不如本世纪前十年的爆发式增长，也稳扎稳打不负时代所托。\n近几年的短视频行业强势发展，造就了快手、哔哩哔哩等视频龙头的崛起。此外，据媒体今年4月报道称，字节跳动已向港交所提交了承销商聘用函，启动了赴港上市流程，估值达4000亿美元。字节跳动这一现象级重磅公司在不久的未来将登陆港股，未来港股科技股市值仍有相当增长空间。\n一边是时代给了科技股丰厚的红利，另外一边则是港交所痛定思痛，自身改革。\n港交所在2014年错失阿里巴巴后，最终在2017年末做出了其二十多年来最大的变革——放行同股不同权架构和尚未盈利的生物公司上市。\n毫不夸张的说，从2018年起，对港股来说是一个全新时代的开启。大批此前无缘港股的科技龙头在香港选择二次上市，其中包括阿里巴巴、百度、京东、网易等老牌科技龙头。也让新贵美团、小米、快手等选择香港作为首次上市地点。现今的港股市场，已是投资中国科技行业不可或缺的市场！","news_type":1,"symbols_score_info":{"HSI":0.9}},"isVote":1,"tweetType":1,"viewCount":5672,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144020889,"gmtCreate":1626254764641,"gmtModify":1703756424849,"author":{"id":"3574164671299178","authorId":"3574164671299178","name":"飞鸟跌穴298884","avatar":"https://static.tigerbbs.com/0a86a1d7644d8cfdcbb622860fd749e7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574164671299178","authorIdStr":"3574164671299178"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/144020889","repostId":"2151593458","repostType":4,"repost":{"id":"2151593458","kind":"highlight","pubTimestamp":1626228999,"share":"https://ttm.financial/m/news/2151593458?lang=en_US&edition=fundamental","pubTime":"2021-07-14 10:16","market":"us","language":"zh","title":"US inflation remains high, and the time has come to test the Federal Reserve.","url":"https://stock-news.laohu8.com/highlight/detail?id=2151593458","media":"华尔街见闻","summary":"美国6月物价再度爆表，美联储的“通胀暂时论”还能否站得住脚，以及货币政策将如何作出应对，成为市场关注的焦点。北京时间周二晚间公布的数据显示，美国6月CPI及核心CPI环比、同比均高于预期及前值，多项数据创新高。今年以来，美国通胀节节走高，但美联储一直坚称物价上涨只是“暂时的”，随着疫情封锁进一步放松、供应赶上被压抑的需求，通胀将消退。当地时间周三和周四，美联储主席鲍威尔将接受国会议员的质询。","content":"<p>U.S. prices surged again in June, raising questions about whether the Federal Reserve's \"temporary inflation theory\" remains tenable and how monetary policy will respond.</p><p>Data released Tuesday evening Beijing time showed that the U.S. CPI and core CPI in June were both higher than expected and year-on-year, with several data points reaching new highs. The CPI rose 5.4% year-on-year, the highest increase since August 2008, far exceeding the 5% increase in May and the 4.9% increase previously predicted by economists.</p><p><img src=\"https://static.tigerbbs.com/a1c1b19fafe4fccf8df811ab9531e0be\" tg-width=\"525\" tg-height=\"313\" referrerpolicy=\"no-referrer\"></p><p>(Image source: Zerohedge)</p><p>Industries directly affected by the pandemic saw the largest price increases, with travel-related expenses such as airfares soaring, and semiconductor shortages also leading to a surge in used car prices. Data from the U.S. Bureau of Labor Statistics shows that used car prices rose 10.5% month-over-month in June, contributing one-third of the CPI increase last month.</p><p>Following the data release, market expectations for Federal Reserve rate hike surged, US Treasury yields jumped during the session, and the yield curve flattened. Amid the threat of inflation, the US dollar strengthened further, approaching a three-month high.</p><p><img src=\"https://static.tigerbbs.com/41e83a31c11d1be5a229daf643f2d3ae\" tg-width=\"1088\" tg-height=\"653\" referrerpolicy=\"no-referrer\"></p><p>(Image source: Zerohedge)</p><p><h2>Challenges Facing the Fed</h2>U.S. inflation has been rising steadily this year, but the Federal Reserve has consistently insisted that the price increases are only \"temporary\" and that inflation will subside as pandemic lockdowns are further eased and supply catches up with pent-up demand.</p><p><img src=\"https://static.tigerbbs.com/1ce1f249aafa91beb78c3bda811d915d\" tg-width=\"1083\" tg-height=\"633\" referrerpolicy=\"no-referrer\"></p><p>At the FOMC meeting in June, the Federal Reserve predicted that its favored core inflation gauge would rise by 3% this year and fall back to 2.1% in 2022.</p><p>Regarding monetary policy, the Federal Reserve released an unexpectedly hawkish signal last month, hinting at two rate hike in 2023. The meeting minutes show that the Federal Reserve has begun discussing the Taper issue, but a consensus could not be reached, and discussions will continue in the future.</p><p>However, Tuesday's unexpectedly high inflation data could put pressure on the Federal Reserve, forcing it to consider reducing asset purchases at a faster pace than previously expected, thereby slowing monetary stimulus.</p><p>St. Louis Federal Reserve Bank President Bullard said on Tuesday that with the U.S. economy growing at a rate of 7% and the pandemic being better controlled, it is now time to remove the Fed's stimulus measures. Bullard has always been known as a \"dove,\" and his hawkish remarks have attracted a lot of attention from the market.</p><p>But the president of the New York Federal Reserve<a href=\"https://laohu8.com/S/WMB\">Williams</a>The U.S. economy has not yet met the conditions for the Federal Reserve to reduce its asset purchases, it said on Monday. San Francisco Federal Reserve President Daly also warned last Friday that exiting the stimulus program too early would pose significant risks due to the continued spread of the Delta variant.</p><p>On Wednesday and Thursday local time, Federal Reserve Chairman Jerome Powell will be questioned by members of Congress. Investors will be closely watching whether Powell signals that he will begin discussions on tapering asset purchases at the Federal Reserve meeting in July.</p><p><a href=\"https://laohu8.com/S/ING\">Dutch International</a>James Knightley, chief international economist at ING Group, said the Federal Reserve seems to have no reason to continue its $120 billion monthly asset purchases in quantitative easing, and we will look for hints about an impending tapering from Powell's testimony and the Jackson Hole meeting in August.</p><p><a href=\"https://laohu8.com/S/WFC\">Wells Fargo Bank</a>Analysts wrote in a report on Tuesday that if the Federal Reserve sticks to its average inflation target and the timing of the rate hike exceeds market expectations, it could mean that interest rate volatility will intensify in the future.</p><p>Wells Fargo analysts point out that the Federal Reserve will face more challenges in communication in the future. On the one hand, it hopes to remain patient, and on the other hand, the market does not seem to be \"buying into\" the Fed's new strategy for dealing with inflation. These contradictions should exacerbate future volatility in the macroeconomic market.</p>","source":"wallstreetcn_api","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 inflation remains high, and the time has come to test the Federal Reserve.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS inflation remains high, and the time has come to test the Federal Reserve.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-07-14 10:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p>U.S. prices surged again in June, raising questions about whether the Federal Reserve's \"temporary inflation theory\" remains tenable and how monetary policy will respond.</p><p>Data released Tuesday evening Beijing time showed that the U.S. CPI and core CPI in June were both higher than expected and year-on-year, with several data points reaching new highs. The CPI rose 5.4% year-on-year, the highest increase since August 2008, far exceeding the 5% increase in May and the 4.9% increase previously predicted by economists.</p><p><img src=\"https://static.tigerbbs.com/a1c1b19fafe4fccf8df811ab9531e0be\" tg-width=\"525\" tg-height=\"313\" referrerpolicy=\"no-referrer\"></p><p>(Image source: Zerohedge)</p><p>Industries directly affected by the pandemic saw the largest price increases, with travel-related expenses such as airfares soaring, and semiconductor shortages also leading to a surge in used car prices. Data from the U.S. Bureau of Labor Statistics shows that used car prices rose 10.5% month-over-month in June, contributing one-third of the CPI increase last month.</p><p>Following the data release, market expectations for Federal Reserve rate hike surged, US Treasury yields jumped during the session, and the yield curve flattened. Amid the threat of inflation, the US dollar strengthened further, approaching a three-month high.</p><p><img src=\"https://static.tigerbbs.com/41e83a31c11d1be5a229daf643f2d3ae\" tg-width=\"1088\" tg-height=\"653\" referrerpolicy=\"no-referrer\"></p><p>(Image source: Zerohedge)</p><p><h2>Challenges Facing the Fed</h2>U.S. inflation has been rising steadily this year, but the Federal Reserve has consistently insisted that the price increases are only \"temporary\" and that inflation will subside as pandemic lockdowns are further eased and supply catches up with pent-up demand.</p><p><img src=\"https://static.tigerbbs.com/1ce1f249aafa91beb78c3bda811d915d\" tg-width=\"1083\" tg-height=\"633\" referrerpolicy=\"no-referrer\"></p><p>At the FOMC meeting in June, the Federal Reserve predicted that its favored core inflation gauge would rise by 3% this year and fall back to 2.1% in 2022.</p><p>Regarding monetary policy, the Federal Reserve released an unexpectedly hawkish signal last month, hinting at two rate hike in 2023. The meeting minutes show that the Federal Reserve has begun discussing the Taper issue, but a consensus could not be reached, and discussions will continue in the future.</p><p>However, Tuesday's unexpectedly high inflation data could put pressure on the Federal Reserve, forcing it to consider reducing asset purchases at a faster pace than previously expected, thereby slowing monetary stimulus.</p><p>St. Louis Federal Reserve Bank President Bullard said on Tuesday that with the U.S. economy growing at a rate of 7% and the pandemic being better controlled, it is now time to remove the Fed's stimulus measures. Bullard has always been known as a \"dove,\" and his hawkish remarks have attracted a lot of attention from the market.</p><p>But the president of the New York Federal Reserve<a href=\"https://laohu8.com/S/WMB\">Williams</a>The U.S. economy has not yet met the conditions for the Federal Reserve to reduce its asset purchases, it said on Monday. San Francisco Federal Reserve President Daly also warned last Friday that exiting the stimulus program too early would pose significant risks due to the continued spread of the Delta variant.</p><p>On Wednesday and Thursday local time, Federal Reserve Chairman Jerome Powell will be questioned by members of Congress. Investors will be closely watching whether Powell signals that he will begin discussions on tapering asset purchases at the Federal Reserve meeting in July.</p><p><a href=\"https://laohu8.com/S/ING\">Dutch International</a>James Knightley, chief international economist at ING Group, said the Federal Reserve seems to have no reason to continue its $120 billion monthly asset purchases in quantitative easing, and we will look for hints about an impending tapering from Powell's testimony and the Jackson Hole meeting in August.</p><p><a href=\"https://laohu8.com/S/WFC\">Wells Fargo Bank</a>Analysts wrote in a report on Tuesday that if the Federal Reserve sticks to its average inflation target and the timing of the rate hike exceeds market expectations, it could mean that interest rate volatility will intensify in the future.</p><p>Wells Fargo analysts point out that the Federal Reserve will face more challenges in communication in the future. On the one hand, it hopes to remain patient, and on the other hand, the market does not seem to be \"buying into\" the Fed's new strategy for dealing with inflation. These contradictions should exacerbate future volatility in the macroeconomic market.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3635336\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0dd1549a90968778a7afdc56cd660b1b","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","PSQ":"做空纳斯达克100指数ETF-ProShares","DDM":"2倍做多道指ETF-ProShares","DJX":"1/100道琼斯","SDOW":"三倍做空道指30ETF-ProShares","SPY":"标普500ETF","TQQQ":"纳指三倍做多ETF","QLD":"2倍做多纳斯达克100指数ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares","DOG":"道指ETF-ProShares做空","SSO":"2倍做多标普500ETF-ProShares","QID":"两倍做空纳斯达克指数ETF-ProShares",".DJI":"道琼斯","SH":"做空标普500-Proshares",".IXIC":"NASDAQ Composite","UPRO":"三倍做多标普500ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares",".SPX":"S&P 500 Index","QQQ":"纳指100ETF","IVV":"标普500ETF-iShares","SPXU":"三倍做空标普500ETF-ProShares","OEF":"标普100指数ETF-iShares","SQQQ":"纳指三倍做空ETF","OEX":"标普100"},"source_url":"https://wallstreetcn.com/articles/3635336","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2151593458","content_text":"美国6月物价再度爆表，美联储的“通胀暂时论”还能否站得住脚，以及货币政策将如何作出应对，成为市场关注的焦点。\n北京时间周二晚间公布的数据显示，美国6月CPI及核心CPI环比、同比均高于预期及前值，多项数据创新高。其中CPI同比上涨5.4%，创下2008年8月以来的最高涨幅，远高于5月份的5%和经济学家此前预测的4.9%的涨幅。\n\n（图片来源：Zerohedge）\n受疫情直接影响的行业的价格涨幅最大，机票等差旅相关费用飙升，半导体短缺也导致二手车价格飙升。美国劳工统计局的数据显示，6月二手车价格环比上涨了10.5%，贡献了上个月CPI上涨的三分之一涨幅。\n数据公布后，市场对美联储加息预期陡升，美债收益率盘中跃升，收益率曲线趋平。通胀威胁下，美元进一步走强，逼近三个月来高位。\n\n（图片来源：Zerohedge）\n美联储面临的挑战\n今年以来，美国通胀节节走高，但美联储一直坚称物价上涨只是“暂时的”，随着疫情封锁进一步放松、供应赶上被压抑的需求，通胀将消退。\n\n在6月的FOMC会议上，美联储预测，其青睐的核心通胀指标今年将上升3%，2022年将回落至2.1%。\n货币政策方面，美联储上月释放出令市场意外的鹰派信号，暗示2023年会有两次加息。会议纪要显示，美联储内部已经开始讨论Taper事宜，不过无法达成共识，未来将继续讨论。\n但周二意外高企的通胀数据可能会给美联储带来压力，迫使其考虑以比此前预期更快的速度减少资产购买，从而放缓货币刺激。\n美国圣路易斯联邦储备银行行长布拉德周二表示，随着美国经济以7%的速度增长，以及疫情得到越来越好的控制，现在是取消美联储的刺激措施了。布拉德一直以来以“鸽派”著称，他的鹰派言论引发了市场高度关注。\n但纽约联储行长威廉姆斯周一称，美国经济尚未达到美联储减少资产购买规模的条件。旧金山联储总裁戴利也在上周五警告，由于Delta变种毒株持续蔓延，过早退出刺激计划将造成极大的风险。\n当地时间周三和周四，美联储主席鲍威尔将接受国会议员的质询。投资者将密切关注鲍威尔会否释放在7月美联储会议上开始讨论缩减资产购买规模的信号。\n荷兰国际集团(ING)首席国际经济学家James Knightley表示，美联储似乎没有理由继续每月购买1200亿美元资产的量化宽松计划，我们将从鲍威尔的证词以及8月杰克逊霍尔会议上寻找有关即将缩减规模的暗示。\n富国银行分析们在周二的一份报告中写道，如果美联储坚守平均通胀目标，使得加息的时点超过市场预期，那么这可能意味着未来利率波动将加剧。\n富国分析师们指出，未来美联储在沟通方面将面临更多挑战，一方面它希望能够继续保持耐心，另一方面市场对美联储对待通胀的新策略似乎并不“买账”，这些矛盾应该会加剧宏观市场未来的波动。","news_type":1,"symbols_score_info":{"161125":0.9,"513500":0.9,"SDS":0.9,"UDOW":0.9,"SSO":0.9,"QQQ":0.9,"SPY":0.9,"ESmain":0.9,"QID":0.9,".DJI":0.9,"DOG":0.9,"MNQmain":0.9,"SPXU":0.9,".SPX":0.9,"SH":0.9,"OEX":0.9,"PSQ":0.9,"TQQQ":0.9,"NQmain":0.9,"DDM":0.9,"QLD":0.9,"UPRO":0.9,"DJX":0.9,"IVV":0.9,"SQQQ":0.9,".IXIC":0.9,"OEF":0.9,"SDOW":0.9,"DXD":0.9}},"isVote":1,"tweetType":1,"viewCount":6307,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124908096,"gmtCreate":1624714748115,"gmtModify":1703844027883,"author":{"id":"3574164671299178","authorId":"3574164671299178","name":"飞鸟跌穴298884","avatar":"https://static.tigerbbs.com/0a86a1d7644d8cfdcbb622860fd749e7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574164671299178","authorIdStr":"3574164671299178"},"themes":[],"title":"","htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/124908096","repostId":"1167256448","repostType":4,"repost":{"id":"1167256448","kind":"news","pubTimestamp":1624686286,"share":"https://ttm.financial/m/news/1167256448?lang=en_US&edition=fundamental","pubTime":"2021-06-26 13:44","market":"hk","language":"zh","title":"Xiaomi's entry into car manufacturing has led to a new \"hierarchy of contempt\" for job seekers in the automotive industry.","url":"https://stock-news.laohu8.com/highlight/detail?id=1167256448","media":"全天候科技","summary":"一边是科技造车企业高薪招聘的信息不断更新，一边却是大量求职人员被拒之门外。“小米们”到底在找什么样的人？王珂在向这些科技造车企业求职时的感受，“传统车企好像就是传统守旧、思想僵化的代名词。”随着以小米为代表的科技企业入局造车，它们重金“招兵买马”的消息不断传出，这似乎让汽车从业人员有了更多“跳槽”的机会。","content":"<p>On one hand, information about high-paying job openings from technology car manufacturers is constantly being updated, while on the other hand, a large number of job seekers are being rejected. What kind of people are Xiaomi and others looking for? Who exactly are the talents they are willing to pay over a million annual salaries to poach? Wang Ke (pseudonym) is a marketing manager from a new energy vehicle brand of a traditional domestic automaker. Recently, he wanted to take advantage of the trend of technology-driven car manufacturing to change his \"track\", so he paid attention to job opportunities at several technology companies that have announced car manufacturing, including Xiaomi, 360, and Jidu. But to his surprise, after looking around, he found that his options were very limited.</p><p>“People from (traditional) automotive (companies) are not very popular.” Wang Ke expressed her feelings when applying for jobs at these technology car manufacturers. “Traditional car companies seem to be synonymous with traditional conservatism and rigid thinking,” Wang Ke said with some helplessness.</p><p>Chen Fan (pseudonym), who has also worked for traditional automakers for many years and is responsible for vehicle tuning, and his colleagues have recently been paying close attention to opportunities in new car manufacturing technology companies. \"Many people are waiting and seeing now,\" Chen Fan said. However, according to Chen Fan, as of now, none of his colleagues have been able to join these new technology companies.</p><p>\"They (technology companies) look down on people from traditional car companies; they all want to develop software.\" Chen Fan and Wang Ke share a similar sentiment on this point.</p><p>As technology companies, represented by Xiaomi, enter the car manufacturing market, news of their heavy investment in recruitment continues to emerge, which seems to give automotive professionals more opportunities to \"change jobs\". But the reality is not like that.</p><p>A screenshot of a conversation between a job seeker and a company circulating online illustrates, from another perspective, the \"rejection\" of talent from traditional automakers by tech companies: \"This is Jidu (<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>(A joint venture with Geely), but I see you're at SAIC Volkswagen, right? Jidu has clearly stated that it doesn't want traditional cars.</p><p>However, the ambitious \"meal tickets\" offered by Xiaomi and others have still made many automakers eager to take action. “Nowadays, all new companies normally offer salary increases of 10%-30% when recruiting. The most talented people negotiate themselves,” said a job seeker from a traditional car company. According to<a href=\"https://laohu8.com/S/SINA\">Sina</a>Financial reports indicate that 360 Auto's job recommendation bonuses alone amount to hundreds of thousands of yuan.</p><p>Data exclusively provided to the Economic Observer by the workplace social networking platform Maimai shows that, according to statistics, among new car manufacturers, the automotive industry has the most people planning to go to Didi and the highest number of interactions. Secondly<a href=\"https://laohu8.com/S/LI\">Li Auto</a>The third place went to Jidu Auto, a collaboration between Baidu and Geely, and the fourth place went to Xiaomi Auto.</p><p>On one hand, information about high-paying job openings from technology car manufacturers is constantly being updated, while on the other hand, a large number of job seekers are being rejected. What kind of people are Xiaomi and others looking for? Who exactly are the talents they are willing to pay over a million annual salaries to poach?</p><p><b>1、</b><b><b>Selective \"poaching\"</b></b></p><p>While employees of traditional automakers are receiving a \"cold reception\" when seeking employment, new car manufacturers have become a key target for technology car manufacturers to \"poach\" talent.</p><p>In May<a href=\"https://laohu8.com/S/NIO\">Nio</a>At the car launch event, Li Bin, founder and chairman of Nio, lamented, \"There have been so many people poaching us lately that we have no choice but to hide all our colleagues' information.\" Since it was at that time that Baidu, Xiaomi, Didi and others were successively announcing car manufacturing, this was considered the beginning of the talent war between technology companies and new car manufacturers such as \"Wei Xiaoli\". Compared to traditional automakers, these two types of companies are considered more advanced and forward-looking in their car manufacturing concepts and technologies.</p><p>Interestingly, just a few years ago, \"Wei Xiaoli\" was still a \"talent poacher,\" poaching talent from traditional car companies with high salaries. Now, their employees have become highly sought-after by technology car manufacturers. According to reports, Zhu Jiang, former vice president of user development at Nio Automotive, may join Didi Chuxing. In order to retain talent, information has revealed that new car manufacturers have also begun to take action, such as signing more non-compete agreements or increasing employee stock ownership, in order to resist poaching by companies like Xiaomi.</p><p>“This (poaching) is perfectly normal. The industry now needs it (talent) far more quickly than it can supply it. When there’s no water in the ‘pool,’ shouldn’t we go to other people to find water to drink?” said Steven, who works for a new car manufacturer. “If the right opportunity arises, I would certainly consider it. Why not?” Steven said.</p><p>It is worth noting that the fact that employees of traditional automakers are facing job hunting difficulties does not mean that new technology car manufacturers are completely uninterested in talent from traditional automakers. Some senior managers remain targets for emerging technology car manufacturers.</p><p>Recently, media outlets reported that Xiaomi Auto has offered a record-breaking price of over 100 million yuan to poach talent.<a href=\"https://laohu8.com/S/00175\">Geely Automobile</a>Hu Zhengnan, the director of the research institute, will also leave Geely to join Xiaomi in car manufacturing. However, Hu Zhengnan later denied the rumors on his WeChat Moments. An insider at Geely stated that Hu Zhengnan \"has resigned from his position (at Geely Research Institute), but there is no information yet on whether he has left.\" In addition, other information indicates that Didi was looking for a vice president-level person, offering a salary exceeding one million yuan, more than three times that of traditional automakers.</p><p>Because they have invested heavily in the market, technology car manufacturers generally spend lavishly in order to quickly build teams. Zhou Hongbai, founder and chairman of 360 Group, personally issued a call to action on social media, stating that \"the company has fully opened up and provided full support in terms of compensation and benefits.\"</p><p>It is worth noting that the positions currently open by companies like Xiaomi are mainly concentrated in areas such as autonomous driving research and development. According to the recruitment information released by Xiaomi, it involves 20 positions, including autonomous driving data platform, in-vehicle infrastructure, decision planning, and millimeter-wave algorithm. The positions that 360 is seeking with heavy investment include perception fusion algorithms, software architecture, and information security.<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Positions such as driver development.</p><p>This indicates that technology car manufacturers are focusing more on the research and development of core technologies such as autonomous driving, so those currently working in this field may have more opportunities to \"change jobs\".</p><p>According to comments from verified users on Maimai, these companies attract them mainly because of their salaries. In addition, some job seekers claim to be \"Mi Fans,\" playing the nostalgia card.</p><p><b>2、</b><b><b>The \"hierarchy of contempt\" for new employees</b></b></p><p>As various participants gradually arrive, the car manufacturing camp continues to expand, and factions become increasingly clear. In this process, an industry-accepted \"hierarchy of contempt\" for employment has been formed.</p><p>On the Maimai platform, automotive industry professionals generally agree that the ranking of job-seeking options is: first- and second-tier new car manufacturers, new brands incubated by traditional car companies, traditional OEMs, and second- and third-tier new car manufacturers. Among these companies, R&D positions in cutting-edge technologies such as autonomous driving are superior.</p><p>Therefore, those who join the autonomous driving industry are considered to have \"landed\". Zhao Jun (pseudonym) is one of the \"lucky ones\". Zhao Jun is 25 years old this year. He graduated just a few years ago and is now working as an engineer for an autonomous driving project at a technology company. Prior to this, he worked briefly at a traditional car company.</p><p>Zhao Jun recalled that when he was looking for a job, his current company was recruiting, and the requirements for experience were low. \"During the interview, I asked about the use of some commonly used testing tools in the automotive industry, as well as some simple tool programming skills.\" After successfully joining the company, Zhao Jun conducted outsourced adas (Advanced Driver Assistance System) testing.</p><p>Zhao Jun said that he decided to join his current company not only because his previous job at a traditional car company changed frequently and he was somewhat overwhelmed, but also because he saw a video of a well-known company's CEO expressing his views on the future of autonomous driving, which deeply moved him. \"Another problem is that traditional car companies' salaries are really too low, and they almost never give raises,\" Zhao Jun said. After joining this company, his salary level and raise system were better than those of traditional car companies.</p><p>\"More importantly, I've been exposed to more things, my horizons have broadened, and I'm able to see future trends more clearly.\" Based on this, Zhao Jun is able to accept the longer working hours at his current company. \"Previously, there were weekdays, but later it became a full day off, so the schedule was extremely full.\"</p><p>If he were to change jobs again, Zhao Jun said he would choose a new car manufacturer, an internet company, or an autonomous driving company.<a href=\"https://laohu8.com/S/V03.SI\">Startup company</a>。 \"The reason is simple: I feel that companies with these backgrounds pay more wages.\"</p><p>Regarding whether to consider new technology car manufacturing companies like Xiaomi, Zhao Jun said, \"I have considered it, but at present, people with little experience in the industry cannot get in. They basically need experienced people with at least three years of experience who can work as soon as they come. The industry is developing too fast now, and everyone hopes to quickly implement and commercialize it. No company is too willing to spend time training people, so at present, I may not go.\"</p><p>Despite being considered to be at the top of the industry's \"hierarchy of contempt,\" Zhao Jun said his colleagues are also currently observing more opportunities. \"(Colleagues change jobs) frequently, and (their desire to change jobs) is also very strong. They should consider autonomous driving startups and emerging players more. I rarely hear of anyone returning to traditional car companies like Great Wall Motors and Geely.\"</p><p>However, not everyone is eager for Xiaomi to manufacture cars, and some automotive professionals have shown \"indifference\" to technology car manufacturers. Steven, from a new car manufacturer, said that if it wasn't a company he was optimistic about, he wouldn't go there even if it offered him a high salary.</p><p>“This matter (joining a technology car manufacturer) is not actually on my mind for now. Because I think that if you join a company, you hope to grow with it. In an industry, if you can’t delve deeply into it, your personal value will not be significantly enhanced.” In the view of 40-year-old Steven, the higher salaries of technology car manufacturers are no longer the primary attraction for him. Steven joined his current new car manufacturer in 2019, having previously worked at a technology company.</p><p>For those considering switching jobs to tech car manufacturers like Xiaomi, Steven suggests taking another look. “Most of the positions Xiaomi is currently opening are related to industries related to intelligent driving. We don’t know yet whether there are demands in the traditional powertrain and interior and exterior design directions. After all, we don’t know what form Xiaomi will take to make its first car, whether it will start from scratch or cooperate with OEM manufacturing,” Steven said. He added that the positions Xiaomi and others are recruiting for will be very different under different manufacturing models. Currently, there are many rumors of Xiaomi being involved in OEM manufacturing, but none of them have been confirmed.</p><p>Currently, new car manufacturers are still entering the market, and the car manufacturing race will be more competitive than ever before. This means that the \"talent war\" in the automotive industry will become increasingly fierce.</p><p>In April of this year, Xia Yiping, CEO of Jidu Auto, said that Jidu Auto's core team currently consists of about 100 people and plans to expand to 2,500-3,000 people by the end of next year. These people will undoubtedly come from other companies' talent pools. How to maintain its talent pool in this new wave of car manufacturing has become a question that every company needs to carefully consider.</p>","source":"qthkj","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>Xiaomi's entry into car manufacturing has led to a new \"hierarchy of contempt\" for job seekers in the automotive industry.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nXiaomi's entry into car manufacturing has led to a new \"hierarchy of contempt\" for job seekers in the automotive industry.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">全天候科技</strong><span class=\"h-time small\">2021-06-26 13:44</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On one hand, information about high-paying job openings from technology car manufacturers is constantly being updated, while on the other hand, a large number of job seekers are being rejected. What kind of people are Xiaomi and others looking for? Who exactly are the talents they are willing to pay over a million annual salaries to poach? Wang Ke (pseudonym) is a marketing manager from a new energy vehicle brand of a traditional domestic automaker. Recently, he wanted to take advantage of the trend of technology-driven car manufacturing to change his \"track\", so he paid attention to job opportunities at several technology companies that have announced car manufacturing, including Xiaomi, 360, and Jidu. But to his surprise, after looking around, he found that his options were very limited.</p><p>“People from (traditional) automotive (companies) are not very popular.” Wang Ke expressed her feelings when applying for jobs at these technology car manufacturers. “Traditional car companies seem to be synonymous with traditional conservatism and rigid thinking,” Wang Ke said with some helplessness.</p><p>Chen Fan (pseudonym), who has also worked for traditional automakers for many years and is responsible for vehicle tuning, and his colleagues have recently been paying close attention to opportunities in new car manufacturing technology companies. \"Many people are waiting and seeing now,\" Chen Fan said. However, according to Chen Fan, as of now, none of his colleagues have been able to join these new technology companies.</p><p>\"They (technology companies) look down on people from traditional car companies; they all want to develop software.\" Chen Fan and Wang Ke share a similar sentiment on this point.</p><p>As technology companies, represented by Xiaomi, enter the car manufacturing market, news of their heavy investment in recruitment continues to emerge, which seems to give automotive professionals more opportunities to \"change jobs\". But the reality is not like that.</p><p>A screenshot of a conversation between a job seeker and a company circulating online illustrates, from another perspective, the \"rejection\" of talent from traditional automakers by tech companies: \"This is Jidu (<a href=\"https://laohu8.com/S/BIDU\">Baidu</a>(A joint venture with Geely), but I see you're at SAIC Volkswagen, right? Jidu has clearly stated that it doesn't want traditional cars.</p><p>However, the ambitious \"meal tickets\" offered by Xiaomi and others have still made many automakers eager to take action. “Nowadays, all new companies normally offer salary increases of 10%-30% when recruiting. The most talented people negotiate themselves,” said a job seeker from a traditional car company. According to<a href=\"https://laohu8.com/S/SINA\">Sina</a>Financial reports indicate that 360 Auto's job recommendation bonuses alone amount to hundreds of thousands of yuan.</p><p>Data exclusively provided to the Economic Observer by the workplace social networking platform Maimai shows that, according to statistics, among new car manufacturers, the automotive industry has the most people planning to go to Didi and the highest number of interactions. Secondly<a href=\"https://laohu8.com/S/LI\">Li Auto</a>The third place went to Jidu Auto, a collaboration between Baidu and Geely, and the fourth place went to Xiaomi Auto.</p><p>On one hand, information about high-paying job openings from technology car manufacturers is constantly being updated, while on the other hand, a large number of job seekers are being rejected. What kind of people are Xiaomi and others looking for? Who exactly are the talents they are willing to pay over a million annual salaries to poach?</p><p><b>1、</b><b><b>Selective \"poaching\"</b></b></p><p>While employees of traditional automakers are receiving a \"cold reception\" when seeking employment, new car manufacturers have become a key target for technology car manufacturers to \"poach\" talent.</p><p>In May<a href=\"https://laohu8.com/S/NIO\">Nio</a>At the car launch event, Li Bin, founder and chairman of Nio, lamented, \"There have been so many people poaching us lately that we have no choice but to hide all our colleagues' information.\" Since it was at that time that Baidu, Xiaomi, Didi and others were successively announcing car manufacturing, this was considered the beginning of the talent war between technology companies and new car manufacturers such as \"Wei Xiaoli\". Compared to traditional automakers, these two types of companies are considered more advanced and forward-looking in their car manufacturing concepts and technologies.</p><p>Interestingly, just a few years ago, \"Wei Xiaoli\" was still a \"talent poacher,\" poaching talent from traditional car companies with high salaries. Now, their employees have become highly sought-after by technology car manufacturers. According to reports, Zhu Jiang, former vice president of user development at Nio Automotive, may join Didi Chuxing. In order to retain talent, information has revealed that new car manufacturers have also begun to take action, such as signing more non-compete agreements or increasing employee stock ownership, in order to resist poaching by companies like Xiaomi.</p><p>“This (poaching) is perfectly normal. The industry now needs it (talent) far more quickly than it can supply it. When there’s no water in the ‘pool,’ shouldn’t we go to other people to find water to drink?” said Steven, who works for a new car manufacturer. “If the right opportunity arises, I would certainly consider it. Why not?” Steven said.</p><p>It is worth noting that the fact that employees of traditional automakers are facing job hunting difficulties does not mean that new technology car manufacturers are completely uninterested in talent from traditional automakers. Some senior managers remain targets for emerging technology car manufacturers.</p><p>Recently, media outlets reported that Xiaomi Auto has offered a record-breaking price of over 100 million yuan to poach talent.<a href=\"https://laohu8.com/S/00175\">Geely Automobile</a>Hu Zhengnan, the director of the research institute, will also leave Geely to join Xiaomi in car manufacturing. However, Hu Zhengnan later denied the rumors on his WeChat Moments. An insider at Geely stated that Hu Zhengnan \"has resigned from his position (at Geely Research Institute), but there is no information yet on whether he has left.\" In addition, other information indicates that Didi was looking for a vice president-level person, offering a salary exceeding one million yuan, more than three times that of traditional automakers.</p><p>Because they have invested heavily in the market, technology car manufacturers generally spend lavishly in order to quickly build teams. Zhou Hongbai, founder and chairman of 360 Group, personally issued a call to action on social media, stating that \"the company has fully opened up and provided full support in terms of compensation and benefits.\"</p><p>It is worth noting that the positions currently open by companies like Xiaomi are mainly concentrated in areas such as autonomous driving research and development. According to the recruitment information released by Xiaomi, it involves 20 positions, including autonomous driving data platform, in-vehicle infrastructure, decision planning, and millimeter-wave algorithm. The positions that 360 is seeking with heavy investment include perception fusion algorithms, software architecture, and information security.<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>Positions such as driver development.</p><p>This indicates that technology car manufacturers are focusing more on the research and development of core technologies such as autonomous driving, so those currently working in this field may have more opportunities to \"change jobs\".</p><p>According to comments from verified users on Maimai, these companies attract them mainly because of their salaries. In addition, some job seekers claim to be \"Mi Fans,\" playing the nostalgia card.</p><p><b>2、</b><b><b>The \"hierarchy of contempt\" for new employees</b></b></p><p>As various participants gradually arrive, the car manufacturing camp continues to expand, and factions become increasingly clear. In this process, an industry-accepted \"hierarchy of contempt\" for employment has been formed.</p><p>On the Maimai platform, automotive industry professionals generally agree that the ranking of job-seeking options is: first- and second-tier new car manufacturers, new brands incubated by traditional car companies, traditional OEMs, and second- and third-tier new car manufacturers. Among these companies, R&D positions in cutting-edge technologies such as autonomous driving are superior.</p><p>Therefore, those who join the autonomous driving industry are considered to have \"landed\". Zhao Jun (pseudonym) is one of the \"lucky ones\". Zhao Jun is 25 years old this year. He graduated just a few years ago and is now working as an engineer for an autonomous driving project at a technology company. Prior to this, he worked briefly at a traditional car company.</p><p>Zhao Jun recalled that when he was looking for a job, his current company was recruiting, and the requirements for experience were low. \"During the interview, I asked about the use of some commonly used testing tools in the automotive industry, as well as some simple tool programming skills.\" After successfully joining the company, Zhao Jun conducted outsourced adas (Advanced Driver Assistance System) testing.</p><p>Zhao Jun said that he decided to join his current company not only because his previous job at a traditional car company changed frequently and he was somewhat overwhelmed, but also because he saw a video of a well-known company's CEO expressing his views on the future of autonomous driving, which deeply moved him. \"Another problem is that traditional car companies' salaries are really too low, and they almost never give raises,\" Zhao Jun said. After joining this company, his salary level and raise system were better than those of traditional car companies.</p><p>\"More importantly, I've been exposed to more things, my horizons have broadened, and I'm able to see future trends more clearly.\" Based on this, Zhao Jun is able to accept the longer working hours at his current company. \"Previously, there were weekdays, but later it became a full day off, so the schedule was extremely full.\"</p><p>If he were to change jobs again, Zhao Jun said he would choose a new car manufacturer, an internet company, or an autonomous driving company.<a href=\"https://laohu8.com/S/V03.SI\">Startup company</a>。 \"The reason is simple: I feel that companies with these backgrounds pay more wages.\"</p><p>Regarding whether to consider new technology car manufacturing companies like Xiaomi, Zhao Jun said, \"I have considered it, but at present, people with little experience in the industry cannot get in. They basically need experienced people with at least three years of experience who can work as soon as they come. The industry is developing too fast now, and everyone hopes to quickly implement and commercialize it. No company is too willing to spend time training people, so at present, I may not go.\"</p><p>Despite being considered to be at the top of the industry's \"hierarchy of contempt,\" Zhao Jun said his colleagues are also currently observing more opportunities. \"(Colleagues change jobs) frequently, and (their desire to change jobs) is also very strong. They should consider autonomous driving startups and emerging players more. I rarely hear of anyone returning to traditional car companies like Great Wall Motors and Geely.\"</p><p>However, not everyone is eager for Xiaomi to manufacture cars, and some automotive professionals have shown \"indifference\" to technology car manufacturers. Steven, from a new car manufacturer, said that if it wasn't a company he was optimistic about, he wouldn't go there even if it offered him a high salary.</p><p>“This matter (joining a technology car manufacturer) is not actually on my mind for now. Because I think that if you join a company, you hope to grow with it. In an industry, if you can’t delve deeply into it, your personal value will not be significantly enhanced.” In the view of 40-year-old Steven, the higher salaries of technology car manufacturers are no longer the primary attraction for him. Steven joined his current new car manufacturer in 2019, having previously worked at a technology company.</p><p>For those considering switching jobs to tech car manufacturers like Xiaomi, Steven suggests taking another look. “Most of the positions Xiaomi is currently opening are related to industries related to intelligent driving. We don’t know yet whether there are demands in the traditional powertrain and interior and exterior design directions. After all, we don’t know what form Xiaomi will take to make its first car, whether it will start from scratch or cooperate with OEM manufacturing,” Steven said. He added that the positions Xiaomi and others are recruiting for will be very different under different manufacturing models. Currently, there are many rumors of Xiaomi being involved in OEM manufacturing, but none of them have been confirmed.</p><p>Currently, new car manufacturers are still entering the market, and the car manufacturing race will be more competitive than ever before. This means that the \"talent war\" in the automotive industry will become increasingly fierce.</p><p>In April of this year, Xia Yiping, CEO of Jidu Auto, said that Jidu Auto's core team currently consists of about 100 people and plans to expand to 2,500-3,000 people by the end of next year. These people will undoubtedly come from other companies' talent pools. How to maintain its talent pool in this new wave of car manufacturing has become a question that every company needs to carefully consider.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s/DnyQ7n4h8IL2H4ni81x-hw\">全天候科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/edb5904d62b10798f760277be625646d","relate_stocks":{"01810":"小米集团-W"},"source_url":"https://mp.weixin.qq.com/s/DnyQ7n4h8IL2H4ni81x-hw","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167256448","content_text":"一边是科技造车企业高薪招聘的信息不断更新，一边却是大量求职人员被拒之门外。“小米们”到底在找什么样的人？到底谁才是他们不惜拿出超百万年薪挖墙角的人才？\n\n王珂（化名）是一位来自国内某传统车企新能源汽车品牌的营销管理层人员，最近他想趁着科技造车的风口换个“跑道”，因此留意了包括小米、360、集度等多家宣布造车的科技公司工作机会。但让他没想到的是，看了一圈后，他发现自己的选择空间非常小。\n“（传统）汽车（企业）出身的人都不太受待见。”王珂在向这些科技造车企业求职时的感受，“传统车企好像就是传统守旧、思想僵化的代名词。”王珂有些无奈地表示。\n同样在传统车企工作多年，负责车辆调教工作的陈凡（化名）和他的同事们，近期也非常关注新造车科技公司的机会，“现在观望的人很多”，陈凡说。但据陈凡透露，截至目前身边还没有同事能够进入这些新科技公司。\n“他们（科技公司）看不上传统车企的人，都要搞软件的。”在这一点上，陈凡与王珂有着相似的感受。\n随着以小米为代表的科技企业入局造车，它们重金“招兵买马”的消息不断传出，这似乎让汽车从业人员有了更多“跳槽”的机会。但现实情况却并非如此。\n网络上一张由求职者提供的其与企业的对话截图，从另一个侧面印证着科技造车公司对传统车企人才的“排斥”：“这边是集度（百度和吉利的合资公司），但是我看你是在上汽大众是吧，集度明确表示不要传统汽车的。”\n但小米们开出的豪迈“饭票”，还是让众多车企人士蠢蠢欲动。“现在所有新企业正常招聘都是涨薪10%-30%，很牛的人就自己谈喽。”一位来自某传统车企的求职人士表示。而据新浪财经报道，360汽车招聘仅岗位的推荐奖金就共计达数十万元。\n由职场社交平台脉脉独家提供给经济观察报的一份数据显示，据统计，在新造车企业中，汽车圈里计划去滴滴的人最多，互动数量最高；其次是理想汽车，第三名是百度和吉利合作的集度汽车，第四名是小米汽车。\n一边是科技造车企业高薪招聘的信息不断更新，一边却是大量求职人员被拒之门外。“小米们”到底在找什么样的人？到底谁才是他们不惜拿出超百万年薪挖墙角的人才？\n1、选择性“挖角”\n在传统车企从业人员求职遭“冷遇”的同时，新造车企业却成了科技造车企业“挖人”的重点方向。\n在5月蔚来汽车的发布会上，蔚来创始人、董事长李斌感慨，“最近挖我们的人实在太多了，没办法，我们要把同事的信息都隐藏一下。”由于彼时正值百度、小米、滴滴等陆续宣布造车，这被认为是科技公司和“蔚小理”等新造车企业抢人大战的开始。与传统车企相比，这两类企业在造车理念和技术上被认为更加先进和超前。\n值得玩味的是，就在几年前，“蔚小理”还是“挖角者”的角色，曾高薪从传统车企挖人，而如今他们的员工也成了科技造车公司眼中的“香饽饽”。据报道，原蔚来汽车用户发展副总裁朱江或将加盟滴滴造车。而为了留住人才，有信息透露，新造车企业也已开始采取行动，或增加签订竞业协议，或增加员工持股，以此抵抗小米们的“挖墙脚”。\n“这（挖人）是很正常的，现在这个行业需要着它（人才）的速度已经远远超过了它供给的速度。当‘水池子’里没有水的时候，不得去别人那儿去找水喝吗？”在某新造车企业任职的Steven说。“如果有合适的机会，当然会考虑，为什么不呢？”Steven说。\n值得注意的是，传统车企从业人员求职遇阻，并不意味着科技新造车企业对传统车企的人才完全不感兴趣。一些高层管理人员，仍然是科技新造车企业的目标。\n近日有媒体爆料，小米汽车开出上亿天价“挖角”吉利汽车研究院院长胡峥楠，胡峥楠也将离开吉利加盟小米造车。但随后胡峥楠在朋友圈辟谣。吉利内部人员表示，胡峥楠“（在吉利研究院的）职位撤了，不过走没走还没有消息。”此外，另有信息显示，滴滴曾寻找副总级别的人物，开出的待遇超百万级，是传统车企的三倍以上。\n由于携重金入局，科技造车公司为了迅速组建团队普遍出手阔绰。360集团创始人、董事长周鸿掉更是亲自在社交媒体上广发英雄帖，表示“公司在薪酬待遇方面全面放开、全力支持。\n值得注意的是，“小米”们如今开放的岗位，主要是集中在自动驾驶研发等方面。从小米发布的招聘信息看，涉及自动驾驶数据平台、车载基础架构、决策规划、毫米波算法等20个岗位。360重金寻求的职位则包括感知融合算法、软件架构、信息安全、智能驾驶开发等岗位。\n这表明科技造车公司更加聚焦自动驾驶等核心技术的研发，因此当前这方面的从业人员可能获得更多的“跳槽”机会。\n而根据认证用户在脉脉上的发言，这些企业吸引他们的地方主要是在薪资方面，另外也有求职者自称是“米粉”，打出情怀牌。\n2、新从业“鄙视链”\n随着各方参与者陆续到位，造车阵营持续扩大，且派系逐渐分明。在这个过程中，形成了一条业内默认的就职“鄙视链”。\n在脉脉平台上，汽车从业者普遍认同，求职选择的优劣排序是：一二线新造车企业、传统车企孵化的新品牌、传统主机厂、二三线新造车企业。而在这些企业中，自动驾驶等前沿科技研发岗位更胜一筹。\n因此，加入自动驾驶行业的从业人员被认为是“上了岸”。赵钧（化名）是其中一个“幸运儿”。赵钧今年25岁，毕业刚几年，现在某科技企业担任无人驾驶项目工程师。在此之前，他在一家传统车企短暂工作。\n赵钧回忆称，自己求职时，现在的公司刚好在招聘，而且对于经验的丰富性要求较低。“面试时问了一些汽车行业测试常用工具的使用情况，以及一些简单的工具编程情况。”成功入职后，赵钧在公司做外包adas（高级驾驶辅助系统）测试。\n赵钧表示，决定进入现在这家公司，除了因为之前在传统车企的工作内容变更频繁，有些招架不住，另一个契机是其看到了一家知名公司CEO对未来自动驾驶看法的视频，这让他深受触动。“另外就是，传统车企的工资实在太低了，而且几乎不会涨薪。”赵钧说，他来到这家公司后，薪资水平和涨薪制度都优于传统车企。\n“更重要的是，我接触的东西多了，眼界开拓了，能够更清晰地看清未来的趋势。”基于此，赵钧能够接受现在公司较长的工作时长。“之前大小周，后来变成全单休，安排得特别满。”\n如果再换工作的话，赵钧称会选择新造车企业、互联网公司，或者自动驾驶创业公司。“原因无它，感觉这些背景的公司给的工钱更多。”\n对于是否考虑小米这类新科技造车公司，赵钧表示“考虑过，但目前来说，入行经验少，进不去，他们需要的基本都是三年经验起步的老人，来了就可以干活，现在行业发展太快，都希望可以快速落地商业化，没有公司太愿意花时间培养人，所以目前来说可能不会去。”\n尽管被认为已经处于从业“鄙视链”较顶端的位置，但赵钧说，他的同事们目前也在观望更多的机会。“（同事换工作）变动很频繁，（跳槽的意愿）也很强烈，他们对自动驾驶初创公司和新势力应该考虑的更多，很少听说有谁又回到长城吉利类的传统车企。”\n但并非所有人都对小米造车趋之若鹜，一些汽车从业人员对科技造车企业表现出“无感”。来自某新造车企业的Steven就表示，如果不是自己看好的公司，就算是被高薪挖，也不会去。\n“这个事（加入科技造车企业）其实暂时还不在我的考虑之内。因为我觉得，你如果加入一家企业，更多的是希望能够跟他一块成长。一个行业，如果你没有能够把做深做透的话，你的个人价值是不会得到非常明显提升的。”在40岁的Steven看来，科技造车企业更高的薪资对他而言已经不是第一吸引力。Steven2019年加入现在的新造车企业，在此之前就职于某科技公司。\n对于想跳槽到小米等科技造车企业的人，Steven建议可以再观察一下。“小米现在open的岗位大多和智能驾驶相关的这些行业有关，那么对于传统的动力总成方向、内外饰方向是不是有诉求我们还不知道，毕竟现在也不知道小米会以什么样的形式去做它的第一款车，是从0开始，还是合作代工都不确定。”Steven表示，在不同的制造模式下，“小米”们招聘的岗位也会非常不同。目前，小米代工绯闻对象不少，但均未确定。\n目前来看，新的造车者还在不断入局，造车赛道也将空前激烈。这意味着汽车圈的“抢人大战”将越来越激烈。\n集度汽车CEO夏一平在今年4月表示，当前集度汽车核心团队约100人，到明年年底计划扩大到2500-3000人。而这些人无疑将来源于其它企业人才库。如何在这波造车新浪潮中守住自己的人才储备，已成为每个企业都需要慎重考虑的问题。","news_type":1,"symbols_score_info":{"01810":0.9}},"isVote":1,"tweetType":1,"viewCount":5549,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":135156575,"gmtCreate":1622152830897,"gmtModify":1704180292595,"author":{"id":"3574164671299178","authorId":"3574164671299178","name":"飞鸟跌穴298884","avatar":"https://static.tigerbbs.com/0a86a1d7644d8cfdcbb622860fd749e7","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574164671299178","authorIdStr":"3574164671299178"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/135156575","repostId":"2138123597","repostType":4,"isVote":1,"tweetType":1,"viewCount":1855,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801773907,"gmtCreate":1627539053209,"gmtModify":1703491954533,"author":{"id":"3574164671299178","authorId":"3574164671299178","name":"飞鸟跌穴298884","avatar":"https://static.tigerbbs.com/0a86a1d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13:52","market":"us","language":"zh","title":"Why do people still get infected after getting vaccinated? How to understand vaccine effectiveness","url":"https://stock-news.laohu8.com/highlight/detail?id=2155977655","media":"华尔街见闻","summary":"95%的疫苗效力并不意味着疫苗能保护95%的人，而其他5%的人会感染病毒。","content":"<p>As variants of the virus rage, the COVID-19 pandemic is showing signs of resurgence globally. What's even more disturbing is that many of the confirmed cases are people who have already been vaccinated.</p><p>For example, Chinese-American gymnast Kara Eaker and British Health Secretary Sajid Javid both tested positive for COVID-19 after receiving the vaccine and were diagnosed with a \"Breakthrough Infection.\"</p><p>So what exactly is a breakthrough infection? Why do people still get infected after getting vaccinated? How common is this phenomenon, and how dangerous is it? Sanjay Mishra, program coordinator and staff scientist at Vanderbilt University Medical Center in the United States, recently provided an interpretation of these issues.</p><p><h2>What is a breakthrough infection?</h2>When people become infected after vaccination, scientists call these cases \"breakthrough\" infections because the virus breaks through the protective barrier provided by the vaccine.</p><p><b>Keep in mind that not all vaccines are 100% effective.</b>For example, the effectiveness rate of the vaccine protecting children against polio is around 80% to 90%, and the effectiveness rate of the measles vaccine is 94%.</p><p>Regarding the COVID-19 vaccine, according to clinical trials,<a href=\"https://laohu8.com/S/PFE\">Pfizer</a>/BioNTech and Moderna's mRNA vaccines were 94%-95% effective, which is higher than expected.</p><p><h2>How to understand the effectiveness of vaccines?</h2>95% vaccine effectiveness does not mean that the vaccine will protect 95% of people, while the other 5% will get infected with the virus.</p><p>Vaccine effectiveness is a measure of relative risk, i.e., comparing a group of vaccinated people with an unvaccinated group under the same exposure conditions. Assuming that during a three-month clinical trial, 100 out of every 10,000 unvaccinated people are infected, and at the same time, 5 out of every 10,000 vaccinated people are infected, then the effectiveness of the vaccine is 95%.</p><p><b>In other words, the vaccine protects 95% of these 100 (unvaccinated and certain to be infected) people, not 95% of the entire 10,000 population.</b></p><p><h2><b>How common is the phenomenon of breakthrough infection?</b></h2>With the spread of the Delta variant, breakthrough infections occurred slightly more frequently than expected.<b>However, infection remains very rare in the vaccinated population and usually results in mild or asymptomatic conditions.</b></p><p>For example, between January 1 and April 30, 2021, 46 states and territories in the United States reported 10,262 breakthrough infections to the U.S. Centers for Disease Control and Prevention. In comparison, there were 11.8 million confirmed cases during the same period. As of July 19, 2021, more than 159 million people across the United States had been vaccinated against COVID-19, of whom 5,914 were hospitalized or died due to breakthrough infections.</p><p>In addition, a study conducted between December 15, 2020 and March 31, 2021 showed that among 258,716 veterans who received two doses of the Pfizer or Moderna vaccine, 410 had a breakthrough infection, accounting for 0.16% of the total.</p><p>Similarly, a study in New York found that between February 1 and April 30, 2021, 86 breakthrough infections occurred among 126,367 fully vaccinated people (mainly mRNA vaccines), representing 1.2% of the total number of cases and 0.07% of the fully vaccinated population.</p><p><h2>How serious is a breakthrough infection?</h2>The U.S. Centers for Disease Control and Prevention (CDC) defines a vaccine breakthrough infection as a nasal swab that detects SARS-CoV-2 RNA or protein more than 14 days after completing the full recommended dose of the FDA-authorized COVID-19 vaccine.</p><p>It should be noted that a breakthrough infection does not necessarily mean that the patient feels unwell - in fact, 27% of breakthrough infection cases reported to the US CDC are asymptomatic. It is understood that only 10% of those who break through the infection rate were hospitalized (some for reasons other than COVID-19), and 2% died. In contrast, in the spring of 2020, when vaccination had not yet begun, more than 6% of confirmed infections were fatal.</p><p>In a study conducted at a U.S. military treatment facility, these breakthrough infections did not result in hospitalization.<b>In another study, after receiving just one dose of the Pfizer vaccine, vaccinated people who tested positive for COVID-19 had a quarter less viral content in their bodies than unvaccinated people who tested positive.</b></p><p><h2>Under what circumstances is breakthrough infection likely to occur?</h2>In community cluster transmission, the probability of breakthrough infection is relatively high.</p><p>Infection is more likely in close contact situations, such as in cramped workspaces, parties, restaurants, or stadiums. Breakthrough infections are also more likely to occur among healthcare workers who frequently come into contact with infected patients.</p><p><b>Gender, age, and physical condition can also affect the chance of infection.</b></p><p>Data from the U.S. CDC shows that women account for 63% of breakthrough infections, and the reason is still unclear. Some smaller studies have also determined that women account for a larger proportion of breakthrough cases.</p><p>The vaccine elicits a weaker immune response in the elderly, and the chance of breakthrough infection increases with age. Of the breakthrough cases tracked by the CDC, 75% occurred in patients 65 years of age and older.</p><p>Low immune function or underlying conditions such as hypertension, diabetes, heart disease, chronic kidney and lung disease, and cancer can increase the chance of breakthrough infection and may lead to severe illness.</p><p>For example, in one study, fully vaccinated organ transplant recipients were 82 times more likely to develop a breakthrough infection and 485 times more likely to be hospitalized and die after a breakthrough infection compared to the general vaccinated population.</p><p><h2>How big is the impact of the Delta variant virus?</h2>Existing vaccines mainly target early strains, while new variants, including Delta, are better at dodging antibodies produced by current vaccines. Although existing vaccines remain effective, their effectiveness has decreased.</p><p>According to data from the UK Department of Public Health, the two-dose mRNA vaccine is only 79% effective against Delta virus, while it is 89% effective against early Alpha virus. A single dose of the vaccine is only 35% effective against the Delta strain.</p><p>In Israel, where vaccination rates are high, the effectiveness rate of the Pfizer vaccine in preventing severe illness caused by the Delta variant is only 39%-40.5%, far lower than the earlier estimate of 90%.</p><p>The results of the Israeli study show that the effectiveness of vaccines in preventing infections and symptomatic diseases decreases within 6 months.<b>However, the good news is that the vaccine remains highly effective in preventing hospitalizations (88%) and severe illness (91.4%) caused by the Delta strain.</b></p><p><h2>How effective is the vaccine?</h2>As of the end of July 2021, 49.1% of the U.S. population, or slightly more than 163 million people, had been fully vaccinated. Nearly 90% of Americans over the age of 65 have received at least one dose of the vaccine.</p><p>Scientists' models suggest that as of the end of June 2021, vaccination may have saved approximately 279,000 lives in the United States and prevented as many as 1.25 million hospitalizations. In the UK, the vaccine may have prevented around 30,300 deaths, 46,300 hospitalizations, and 8.15 million infections. In Israel, high vaccination rates are believed to be the main reason behind the 77% drop in case numbers and 68% drop in hospitalizations at the peak of the pandemic.</p><p><b>In the United States, only 150 of the more than 18,000 people who died from COVID-19 in May were vaccinated.</b></p><p>As Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, put it, the United States is becoming \"almost like two Americas,\" divided into vaccinated and unvaccinated parts. Those who are not fully vaccinated are still at risk from the coronavirus.</p>","source":"wallstreetcn_api","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>Why do people still get infected after getting vaccinated? How to understand vaccine effectiveness</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy do people still get infected after getting vaccinated? How to understand vaccine effectiveness\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">华尔街见闻</strong><span class=\"h-time small\">2021-07-29 13:52</span>\n</p>\n</h4>\n</header>\n<article>\n<p>As variants of the virus rage, the COVID-19 pandemic is showing signs of resurgence globally. What's even more disturbing is that many of the confirmed cases are people who have already been vaccinated.</p><p>For example, Chinese-American gymnast Kara Eaker and British Health Secretary Sajid Javid both tested positive for COVID-19 after receiving the vaccine and were diagnosed with a \"Breakthrough Infection.\"</p><p>So what exactly is a breakthrough infection? Why do people still get infected after getting vaccinated? How common is this phenomenon, and how dangerous is it? Sanjay Mishra, program coordinator and staff scientist at Vanderbilt University Medical Center in the United States, recently provided an interpretation of these issues.</p><p><h2>What is a breakthrough infection?</h2>When people become infected after vaccination, scientists call these cases \"breakthrough\" infections because the virus breaks through the protective barrier provided by the vaccine.</p><p><b>Keep in mind that not all vaccines are 100% effective.</b>For example, the effectiveness rate of the vaccine protecting children against polio is around 80% to 90%, and the effectiveness rate of the measles vaccine is 94%.</p><p>Regarding the COVID-19 vaccine, according to clinical trials,<a href=\"https://laohu8.com/S/PFE\">Pfizer</a>/BioNTech and Moderna's mRNA vaccines were 94%-95% effective, which is higher than expected.</p><p><h2>How to understand the effectiveness of vaccines?</h2>95% vaccine effectiveness does not mean that the vaccine will protect 95% of people, while the other 5% will get infected with the virus.</p><p>Vaccine effectiveness is a measure of relative risk, i.e., comparing a group of vaccinated people with an unvaccinated group under the same exposure conditions. Assuming that during a three-month clinical trial, 100 out of every 10,000 unvaccinated people are infected, and at the same time, 5 out of every 10,000 vaccinated people are infected, then the effectiveness of the vaccine is 95%.</p><p><b>In other words, the vaccine protects 95% of these 100 (unvaccinated and certain to be infected) people, not 95% of the entire 10,000 population.</b></p><p><h2><b>How common is the phenomenon of breakthrough infection?</b></h2>With the spread of the Delta variant, breakthrough infections occurred slightly more frequently than expected.<b>However, infection remains very rare in the vaccinated population and usually results in mild or asymptomatic conditions.</b></p><p>For example, between January 1 and April 30, 2021, 46 states and territories in the United States reported 10,262 breakthrough infections to the U.S. Centers for Disease Control and Prevention. In comparison, there were 11.8 million confirmed cases during the same period. As of July 19, 2021, more than 159 million people across the United States had been vaccinated against COVID-19, of whom 5,914 were hospitalized or died due to breakthrough infections.</p><p>In addition, a study conducted between December 15, 2020 and March 31, 2021 showed that among 258,716 veterans who received two doses of the Pfizer or Moderna vaccine, 410 had a breakthrough infection, accounting for 0.16% of the total.</p><p>Similarly, a study in New York found that between February 1 and April 30, 2021, 86 breakthrough infections occurred among 126,367 fully vaccinated people (mainly mRNA vaccines), representing 1.2% of the total number of cases and 0.07% of the fully vaccinated population.</p><p><h2>How serious is a breakthrough infection?</h2>The U.S. Centers for Disease Control and Prevention (CDC) defines a vaccine breakthrough infection as a nasal swab that detects SARS-CoV-2 RNA or protein more than 14 days after completing the full recommended dose of the FDA-authorized COVID-19 vaccine.</p><p>It should be noted that a breakthrough infection does not necessarily mean that the patient feels unwell - in fact, 27% of breakthrough infection cases reported to the US CDC are asymptomatic. It is understood that only 10% of those who break through the infection rate were hospitalized (some for reasons other than COVID-19), and 2% died. In contrast, in the spring of 2020, when vaccination had not yet begun, more than 6% of confirmed infections were fatal.</p><p>In a study conducted at a U.S. military treatment facility, these breakthrough infections did not result in hospitalization.<b>In another study, after receiving just one dose of the Pfizer vaccine, vaccinated people who tested positive for COVID-19 had a quarter less viral content in their bodies than unvaccinated people who tested positive.</b></p><p><h2>Under what circumstances is breakthrough infection likely to occur?</h2>In community cluster transmission, the probability of breakthrough infection is relatively high.</p><p>Infection is more likely in close contact situations, such as in cramped workspaces, parties, restaurants, or stadiums. Breakthrough infections are also more likely to occur among healthcare workers who frequently come into contact with infected patients.</p><p><b>Gender, age, and physical condition can also affect the chance of infection.</b></p><p>Data from the U.S. CDC shows that women account for 63% of breakthrough infections, and the reason is still unclear. Some smaller studies have also determined that women account for a larger proportion of breakthrough cases.</p><p>The vaccine elicits a weaker immune response in the elderly, and the chance of breakthrough infection increases with age. Of the breakthrough cases tracked by the CDC, 75% occurred in patients 65 years of age and older.</p><p>Low immune function or underlying conditions such as hypertension, diabetes, heart disease, chronic kidney and lung disease, and cancer can increase the chance of breakthrough infection and may lead to severe illness.</p><p>For example, in one study, fully vaccinated organ transplant recipients were 82 times more likely to develop a breakthrough infection and 485 times more likely to be hospitalized and die after a breakthrough infection compared to the general vaccinated population.</p><p><h2>How big is the impact of the Delta variant virus?</h2>Existing vaccines mainly target early strains, while new variants, including Delta, are better at dodging antibodies produced by current vaccines. Although existing vaccines remain effective, their effectiveness has decreased.</p><p>According to data from the UK Department of Public Health, the two-dose mRNA vaccine is only 79% effective against Delta virus, while it is 89% effective against early Alpha virus. A single dose of the vaccine is only 35% effective against the Delta strain.</p><p>In Israel, where vaccination rates are high, the effectiveness rate of the Pfizer vaccine in preventing severe illness caused by the Delta variant is only 39%-40.5%, far lower than the earlier estimate of 90%.</p><p>The results of the Israeli study show that the effectiveness of vaccines in preventing infections and symptomatic diseases decreases within 6 months.<b>However, the good news is that the vaccine remains highly effective in preventing hospitalizations (88%) and severe illness (91.4%) caused by the Delta strain.</b></p><p><h2>How effective is the vaccine?</h2>As of the end of July 2021, 49.1% of the U.S. population, or slightly more than 163 million people, had been fully vaccinated. Nearly 90% of Americans over the age of 65 have received at least one dose of the vaccine.</p><p>Scientists' models suggest that as of the end of June 2021, vaccination may have saved approximately 279,000 lives in the United States and prevented as many as 1.25 million hospitalizations. In the UK, the vaccine may have prevented around 30,300 deaths, 46,300 hospitalizations, and 8.15 million infections. In Israel, high vaccination rates are believed to be the main reason behind the 77% drop in case numbers and 68% drop in hospitalizations at the peak of the pandemic.</p><p><b>In the United States, only 150 of the more than 18,000 people who died from COVID-19 in May were vaccinated.</b></p><p>As Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, put it, the United States is becoming \"almost like two Americas,\" divided into vaccinated and unvaccinated parts. Those who are not fully vaccinated are still at risk from the coronavirus.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3636611\">华尔街见闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/6e474d690ea02c536f0fd4c03fc3ddef","relate_stocks":{},"source_url":"https://wallstreetcn.com/articles/3636611","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2155977655","content_text":"随着变种病毒肆虐，新冠疫情在全球呈现复燃之势。更让人感到不安的是，有不少确诊病例是已经接种过疫苗的人群。\n例如，美国华裔体操运动员卡拉·埃克(Kara Eaker)和英国卫生大臣赛义德·贾维德(Sajid Javid)都是在接种疫苗后，被检测出新冠阳性，均被诊断为“突破性感染”(Breakthrough Infection)。\n那么到底什么是突破性感染？为何接种疫苗后仍会感染？这种现象有多普遍，又有多危险呢？美国范德堡大学医学中心项目协调员和员工科学家Sanjay Mishra近日对这些问题作出解读。\n什么是突破性感染？\n当人们在接种疫苗后被感染时，科学家称这些病例为“突破性”感染，因为病毒突破了疫苗提供的保护屏障。\n要知道所有的疫苗都不是100%有效的。例如，保护儿童免受脊髓灰质炎侵害的疫苗有效率在80%到90%左右，麻疹疫苗的有效率为94%。\n在新冠疫苗方面，据临床试验，辉瑞/BioNTech和Moderna的mRNA疫苗的有效性为94%-95%，该数值高于预期值。\n如何理解疫苗有效率？\n95%的疫苗效力并不意味着疫苗能保护95%的人，而其他5%的人会感染病毒。\n疫苗有效性衡量的是相对风险，即在相同的暴露条件下，将一组接种疫苗的人与一组未接种疫苗的人进行比较。假设在一个为期三个月的临床试验期间，每10000名未接种疫苗的人中有100人感染，同时，每10000名接种疫苗的人中有5人感染，那么疫苗的有效性为95%。\n也就是说，疫苗保护的是这100个（没接种疫苗且确定会感染）人群的95%，而不是整个10000人群的95%。\n突破性感染的现象有多普遍？\n随着Delta变种病毒的蔓延，突破性感染出现的频率略有些高于预期。但在已接种疫苗人群中，感染仍然非常罕见，且通常导致轻微或无症状。\n例如，在2021年1月1日至4月30日期间，美国46个州和地区向美国疾病控制与预防中心报告了10262例突破性感染。相比之下，同期共有1180万例确诊病例。截至2021年7月19日，美国全国已有1.59亿多人接种了新冠疫苗，其中5914人因突破性感染住院或死亡。\n此外， 2020年12月15日至2021年3月31日期间开展的一项研究显示，在258716名接受了辉瑞或Moderna两剂疫苗的退伍军人中，410人出现了突破性感染，占总数的0.16%。\n同样，纽约的一项研究发现，在2021年2月1日至4月30日期间，在126367名全面接种疫苗(主要是mRNA疫苗)的人中，出现了86例突破性感染，这占病例总数的1.2%，占完全接种人群的0.07%。\n突破性感染有多严重?\n美国疾病控制与预防中心（CDC）将疫苗突破性感染定义为，在完成FDA授权的COVID-19疫苗的全部推荐剂量后14天以上，鼻拭子可以检测到SARS-CoV-2 RNA或蛋白质。\n需要注意的是，突破性感染并不一定意味着患者感到不适——事实上，向美国CDC报告的突破性感染病例中，27%是无症状的。据了解，只有10%的突破感染者住院(有些是由于新冠以外的原因)，2%的人死亡。相比之下，在尚未开启疫苗接种的2020年春季，超过6%的确诊感染是致命的。\n在美国军事治疗设施进行的一项研究中，这些突破性感染没有导致住院治疗。在另一项研究中，仅注射一剂辉瑞疫苗后，COVID-19检测呈阳性的接种者体内的病毒含量比未接种且检测呈阳性的人少四分之一。\n什么情况下容易发生突破性感染？\n社区聚集性传播中，出现突破性感染的机率较大。\n在近距离接触的情况下，如在狭窄的工作空间、聚会、餐厅或体育场，感染可能性更大。突破性感染也更有可能发生在经常接触受感染患者的医务工作者中。\n性别、年龄、身体状况也都会影响感染机率。\n美国CDC的数据显示，突破性感染中女性占63%，原因尚不清楚。一些规模较小的研究也确定女性在突破性病例中占比较大。\n疫苗在老年人中引发的免疫反应较弱，而且随着年龄的增长，突破性感染的机会越来越高。在CDC追踪的突破性病例中，75%发生在65岁及以上的患者中。\n免疫功能低下或有高血压、糖尿病、心脏病、慢性肾脏和肺部疾病以及癌症等潜在疾病，会增加突破性感染的机会，并可能导致重症。\n例如，在一项研究中，与接种过疫苗的普通人群相比，完全接种过疫苗的器官移植受者发生突破性感染的可能性高82倍，突破性感染后住院和死亡的风险高485倍。\nDelta变种病毒的影响有多大？\n现有的疫苗主要是针对早期的毒株，而包括Delta在内的新变种更擅长于躲避目前疫苗产生的抗体。虽然现有疫苗仍然有效，但有效性有所降低。\n根据英国公共卫生部的数据，两剂mRNA疫苗预防Delta病毒的有效性仅为79%，而对早期Alpha病毒的有效性为89%。单剂疫苗对Delta毒株的有效性仅为35%。\n在接种率较高的以色列，完全接种辉瑞疫苗后，对于预防Delta变种导致重症的有效率仅为39%-40.5%，远低于早期估计的90%。\n以色列的研究结果表明，在6个月内，疫苗预防感染和症状性疾病的效力会下降。不过，好消息是，疫苗在预防由Delta毒株导致的住院(88%)和重症(91.4%)方面仍然非常有效。\n疫苗效果到底怎么样？\n截至2021年7月底，49.1%的美国人口，即略超过1.63亿人，已全面接种疫苗。近90%的65岁以上的美国人至少接种过一剂疫苗。\n科学家的模型表明，截至2021年6月底，疫苗接种可能挽救了美国大约27.9万人的生命，防止了多达125万人住院治疗。在英国，疫苗可能预防了约30300例死亡、46300例住院和815万例感染。在以色列，高接种率被认为是推动该国病例数较大流行高峰时下降77%，住院人数下降68%的主要原因。\n在美国，5月份因新冠肺炎死亡的1.8万多人中，只有150人接种了疫苗。\n正如美国国家过敏症和传染病研究所所长安东尼·福奇(Anthony Fauci)所说，美国正变得“几乎像两个美国”，分为接种疫苗和未接种疫苗两部分。那些没有完全接种疫苗的人仍然面临来自冠状病毒的风险。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":6600,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}