SP2021 personal page - To The Moon

SP2021

SP2021

No personal profile

525Follow

14Followers

0Topic

0Badge

2022-03-08

Oops

Reports indicate that the Ukrainian president is willing to discuss the Crimea and Donbas issues.

2022-03-06

Good

Has the potential of C-end payments been exhausted? Disney switches back to "semi-advertising" mode

2022-03-05

Good

Sorry, the original content has been removed

2022-03-04

Be carwful

Sorry, the original content has been removed

2022-03-03

OK//@SP2021:Good

Sorry, the original content has been removed

2022-03-03

Good

Sorry, the original content has been removed

2022-03-02

Ok

If the Ukrainian crisis pushes up inflation, it could force the Federal Reserve to accelerate rate hike this summer.

2022-03-01

Yue

How significant is the impact of European and American sanctions targeting Russia's foreign exchange reserves?

2022-02-28

Ok

Sorry, the original content has been removed

2022-02-27

Good

TikTok's e-commerce GMV reached a peak of approximately 6 billion yuan in 2021, with a target of doubling it this year.

2022-02-26

Ok

Sorry, the original content has been removed

2022-02-25

Oop

US bank stocks plummeted, with Deutsche Bank falling more than 11%.

2022-02-24

Not good

Sorry, the original content has been removed

2022-02-23

Good

Sorry, the original content has been removed

2022-02-22

500 is too little for Apple

Sorry, the original content has been removed

2022-02-21

Good

Sorry, the original content has been removed

2022-02-20

Good

Contrary to the trend, Sister Wood actually wants to make "value investment"?

2022-02-19

Ok

Foreign capital crazy position adjustment, hinting at the main line of making money

2022-02-18

Oo

Warning from the 'global economic canary': Russia-Ukraine crisis will exacerbate supply chain risks

2022-02-17

GOOD

Foreign Media Headlines | Federal Reserve Prepares for rate hike! The pace of austerity will be accelerated.

Go to Tiger App to see more news

{"i18n":{"language":"en_US"},"userPageInfo":{"id":"3575508103712478","uuid":"3575508103712478","gmtCreate":1612759309568,"gmtModify":1706620739556,"name":"SP2021","pinyin":"sp2021","introduction":"","introductionEn":"","signature":"","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":14,"headSize":525,"tweetSize":283,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":1,"name":"萌萌虎","nameTw":"萌萌虎","represent":"呱呱坠地","factor":"评论帖子3次或发布1条主帖（非转发）","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-4","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Tiger Star","description":"Join the tiger community for 2000 days","bigImgUrl":"https://static.tigerbbs.com/dddf24b906c7011de2617d4fb3f76987","smallImgUrl":"https://static.tigerbbs.com/53d58ad32c97254c6f74db8b97e6ec49","grayImgUrl":"https://static.tigerbbs.com/6304700d92ad91c7a33e2e92ec32ecc1","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2026.08.02","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001,"isScarce":0,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.03.09","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102,"isScarce":0,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.28","exceedPercentage":"60.57%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLinkType":null,"redirectLink":null,"redirectLinkValidityFrom":null,"redirectLinkValidityTo":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100,"isScarce":0,"effectEnabled":0,"plateImgUrl":null,"plateColors":null,"validityTo":null,"validityToTimestamp":null,"wearingSort":0}],"userBadgeCount":4,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":1,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":9038307681,"gmtCreate":1646732350240,"gmtModify":1676534156095,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"Oops","listText":"Oops","text":"Oops","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038307681","repostId":"1181459333","repostType":4,"repost":{"id":"1181459333","kind":"news","pubTimestamp":1646728397,"share":"https://ttm.financial/m/news/1181459333?lang=en_US&edition=fundamental","pubTime":"2022-03-08 16:33","market":"sh","language":"zh","title":"Reports indicate that the Ukrainian president is willing to discuss the Crimea and Donbas issues.","url":"https://stock-news.laohu8.com/highlight/detail?id=1181459333","media":"澎湃新闻","summary":"如果基辅满足一系列条件，莫斯科可以“立即”停止在乌克兰的特别军事行动。","content":"<p><div>Ukrainian President Volodymyr Zelenskyy said on March 8 local time that Ukraine could discuss with Russia how the people of Crimea and Donbas would live and seek a compromise. According to a report by Sputnik News on March 8, Zelenskyy made the above remarks when commenting on the disputes in Crimea and the Donbas region. On March 7, Russian Presidential Press Secretary Dmitry Peskov stated that Moscow could \"immediately\" halt its special military operations in Ukraine if Kyiv met a series of conditions. These conditions include: recognition of Crimea as Russian territory, recognition of the \"Luhansk People's Republic,\" and...</p><p><a href=\"https://www.thepaper.cn/newsDetail_forward_17014329\">Web page link</a></div></p>","source":"ppxw","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>Reports indicate that the Ukrainian president is willing to discuss the Crimea and Donbas issues.</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\">\nReports indicate that the Ukrainian president is willing to discuss the Crimea and Donbas issues.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">澎湃新闻</strong><span class=\"h-time small\">2022-03-08 16:33</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div>Ukrainian President Volodymyr Zelenskyy said on March 8 local time that Ukraine could discuss with Russia how the people of Crimea and Donbas would live and seek a compromise. According to a report by Sputnik News on March 8, Zelenskyy made the above remarks when commenting on the disputes in Crimea and the Donbas region. On March 7, Russian Presidential Press Secretary Dmitry Peskov stated that Moscow could \"immediately\" halt its special military operations in Ukraine if Kyiv met a series of conditions. These conditions include: recognition of Crimea as Russian territory, recognition of the \"Luhansk People's Republic,\" and...</p><p><a href=\"https://www.thepaper.cn/newsDetail_forward_17014329\">Web page link</a></div></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.thepaper.cn/newsDetail_forward_17014329\">澎湃新闻</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ec55645df2a853f64791de2a1ad27327","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.thepaper.cn/newsDetail_forward_17014329","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181459333","content_text":"乌克兰总统泽连斯基于当地时间3月8日表示，乌克兰方面可以就克里米亚和顿巴斯地区人民将如何生活的问题与俄方进行讨论，并寻求妥协方案。据俄罗斯卫星通讯社3月8日报道，泽连斯基当日对克里米亚和顿巴斯地区争端表态时作出以上表述。3月7日，俄罗斯总统新闻秘书佩斯科夫指出，如果基辅满足一系列条件，莫斯科可以“立即”停止在乌克兰的特别军事行动。这些条件包括：承认克里米亚是俄罗斯领土，承认“卢甘斯克人民共和国”和“顿涅茨克人民共和国”的主权，同时乌克兰需确定拒绝加入任何联盟。欧股反弹，截至发稿法国CAC40指数涨超3%，德国DAX指数、欧洲斯托克50指数均涨超2%。同时，美股三大指数期货快速拉升，由跌转涨。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":6941,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9031603446,"gmtCreate":1646532193669,"gmtModify":1676534137167,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9031603446","repostId":"2217579493","repostType":4,"repost":{"id":"2217579493","kind":"highlight","pubTimestamp":1646484952,"share":"https://ttm.financial/m/news/2217579493?lang=en_US&edition=fundamental","pubTime":"2022-03-05 20:55","market":"us","language":"zh","title":"Has the potential of C-end payments been exhausted? Disney switches back to \"semi-advertising\" mode","url":"https://stock-news.laohu8.com/highlight/detail?id=2217579493","media":"华尔街见闻","summary":"时代变了，流媒体战争也变了。","content":"<p><html><head></head><body>Just a year ago, Walter<a href=\"https://laohu8.com/S/DIS\">Disney</a>The company is also telling investors that it's disgusting that streaming platforms offer cheaper, ad-supported subscriptions.</p><p>A year has passed, times have changed, and so has the streaming war.</p><p>Disney announced on Friday that starting in late 2022, it will launch \"Disney+,\" a new membership product that will be cheaper but will include advertising.</p><p>However, Disney did not disclose pricing details for its ad-sponsored subscription service, nor did it reveal a specific launch date. Users can still subscribe to the ad-free version of Disney+ for $7.99 per month.</p><p><h4><b>Streaming media have launched memberships for interstitial advertising.</b></h4>Even before Disney, streaming media outlets such as Warner Media, Paramount Worldwide, NBCUniversal, and Discovery launched ad-interrupted membership products in hopes of continuing to compete for memberships.</p><p>Now that Disney has joined this new trend in the industry, it demonstrates how fierce the battle for new subscribers has become for streaming companies as consumers try to limit household spending and become more discerning about which streaming services to sign up for, while also highlighting the contribution of advertising to the revenue growth of streaming services.</p><p>According to the Wall Street Journal, Doug Creutz, an analyst at Cowen & Co. who tracks streaming services, said that ad-supported streaming products have helped increase APRU (average revenue per user), an important metric for media companies to measure their business. “They are doing everything they can to drive subscriber growth,” Creutz said. \"They focused all their energy on streaming; it's a bloody competition.\"</p><p>Warner Media offers an HBOMax version with commercials for $9.99 per month, while the ad-free version costs $14.99 per month.</p><p>NBCUniversal offers a premium streaming service with ad differentiation for $4.99 per month, and $9.99 without ads. Paramount Worldwide and Discovery offer two tiers of \"Paramount+\" and \"Discovery+\" services, with and without ads, for $4.99 and $9.99 per month, respectively.</p><p><h4><b>Disney's layers of pressure</b></h4>Disney owns three major online video products: Disney+, Hulu, and ESPN+. Currently, Hulu has an ad-supported membership that costs $6.99 per month. According to Disney’s goals, the company plans to achieve profitability in its direct-to-consumer sales business (primarily online video) by 2024. The newly launched Disney+ ad-supported products are the “cornerstone” of Disney’s goal of achieving 230 million to 260 million subscribers by the end of fiscal year 2024, a goal first announced by the company at its investor day press conference in December 2020.</p><p>In addition to launching new products and services, Disney is taking various measures to stimulate membership growth. At the end of last year, Disney launched a promotional offer where consumers who purchased a \"Hulu\" membership would receive a discount if they purchased a \"Disney+\" membership or an \"ESPN+\" membership. This preferential policy has had a significant effect. In the most recent quarter, Disney+ membership growth in the United States reached 11%, far exceeding the growth rate of approximately 2% to 3% over the past four quarters.</p><p>However, Disney still faces pressure from investors to meet its subscriber growth targets. During the pandemic lockdown, Disney+ was a hit, gaining nearly 75 million users in its first year of launch, but subscription growth slowed as the pandemic eased and competitors returned.</p><p>Last quarter, Disney added 11.8 million subscribers, exceeding expectations. This result stands in stark contrast to its main streaming competitor, Netflix. In its report at the end of January, Netflix said it added 8.3 million subscribers in the most recent quarter, lower than investors' expectations, and its stock price fell nearly 30% after the report was released.</p><p>And Netflix and<a href=\"https://laohu8.com/S/AAPL\">Apple</a>It is also currently one of only two major streaming service companies that does not provide low-cost, ad-interrupted services. Apple has many other products supporting its revenue, but what does the future hold for Netflix?</p><p></body></html></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>Has the potential of C-end payments been exhausted? Disney switches back to \"semi-advertising\" mode</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\">\nHas the potential of C-end payments been exhausted? Disney switches back to \"semi-advertising\" mode\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\">2022-03-05 20:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Just a year ago, Walter<a href=\"https://laohu8.com/S/DIS\">Disney</a>The company is also telling investors that it's disgusting that streaming platforms offer cheaper, ad-supported subscriptions.</p><p>A year has passed, times have changed, and so has the streaming war.</p><p>Disney announced on Friday that starting in late 2022, it will launch \"Disney+,\" a new membership product that will be cheaper but will include advertising.</p><p>However, Disney did not disclose pricing details for its ad-sponsored subscription service, nor did it reveal a specific launch date. Users can still subscribe to the ad-free version of Disney+ for $7.99 per month.</p><p><h4><b>Streaming media have launched memberships for interstitial advertising.</b></h4>Even before Disney, streaming media outlets such as Warner Media, Paramount Worldwide, NBCUniversal, and Discovery launched ad-interrupted membership products in hopes of continuing to compete for memberships.</p><p>Now that Disney has joined this new trend in the industry, it demonstrates how fierce the battle for new subscribers has become for streaming companies as consumers try to limit household spending and become more discerning about which streaming services to sign up for, while also highlighting the contribution of advertising to the revenue growth of streaming services.</p><p>According to the Wall Street Journal, Doug Creutz, an analyst at Cowen & Co. who tracks streaming services, said that ad-supported streaming products have helped increase APRU (average revenue per user), an important metric for media companies to measure their business. “They are doing everything they can to drive subscriber growth,” Creutz said. \"They focused all their energy on streaming; it's a bloody competition.\"</p><p>Warner Media offers an HBOMax version with commercials for $9.99 per month, while the ad-free version costs $14.99 per month.</p><p>NBCUniversal offers a premium streaming service with ad differentiation for $4.99 per month, and $9.99 without ads. Paramount Worldwide and Discovery offer two tiers of \"Paramount+\" and \"Discovery+\" services, with and without ads, for $4.99 and $9.99 per month, respectively.</p><p><h4><b>Disney's layers of pressure</b></h4>Disney owns three major online video products: Disney+, Hulu, and ESPN+. Currently, Hulu has an ad-supported membership that costs $6.99 per month. According to Disney’s goals, the company plans to achieve profitability in its direct-to-consumer sales business (primarily online video) by 2024. The newly launched Disney+ ad-supported products are the “cornerstone” of Disney’s goal of achieving 230 million to 260 million subscribers by the end of fiscal year 2024, a goal first announced by the company at its investor day press conference in December 2020.</p><p>In addition to launching new products and services, Disney is taking various measures to stimulate membership growth. At the end of last year, Disney launched a promotional offer where consumers who purchased a \"Hulu\" membership would receive a discount if they purchased a \"Disney+\" membership or an \"ESPN+\" membership. This preferential policy has had a significant effect. In the most recent quarter, Disney+ membership growth in the United States reached 11%, far exceeding the growth rate of approximately 2% to 3% over the past four quarters.</p><p>However, Disney still faces pressure from investors to meet its subscriber growth targets. During the pandemic lockdown, Disney+ was a hit, gaining nearly 75 million users in its first year of launch, but subscription growth slowed as the pandemic eased and competitors returned.</p><p>Last quarter, Disney added 11.8 million subscribers, exceeding expectations. This result stands in stark contrast to its main streaming competitor, Netflix. In its report at the end of January, Netflix said it added 8.3 million subscribers in the most recent quarter, lower than investors' expectations, and its stock price fell nearly 30% after the report was released.</p><p>And Netflix and<a href=\"https://laohu8.com/S/AAPL\">Apple</a>It is also currently one of only two major streaming service companies that does not provide low-cost, ad-interrupted services. Apple has many other products supporting its revenue, but what does the future hold for Netflix?</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3653473\">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/24a5c9ee763bdd068795172812d82227","relate_stocks":{"BK4561":"索罗斯持仓","BK4534":"瑞士信贷持仓","NFLX":"奈飞","BK4507":"流媒体概念","BK4548":"巴美列捷福持仓","BK4524":"宅经济概念","BK4554":"元宇宙及AR概念","BK4581":"高盛持仓","DIS":"迪士尼","BK4550":"红杉资本持仓","QNETCN":"纳斯达克中美互联网老虎指数","BK4532":"文艺复兴科技持仓","BK4527":"明星科技股","BK4551":"寇图资本持仓","BK4566":"资本集团","BK4108":"电影和娱乐"},"source_url":"https://wallstreetcn.com/articles/3653473","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2217579493","content_text":"就在一年前，华特·迪士尼公司还在对投资者说，流媒体平台提供更便宜、有广告的订阅服务真是令人厌恶。一年过去了，时代变了，流媒体战争也变了。迪士尼周五宣布，从2022年底开始，迪士尼将推出“Disney+”进入全球网络视频市场，这是一种全新会员产品，资费更便宜，但是将会插播广告。不过迪士尼没有透露广告赞助订阅服务的定价细节，也没有透露具体何时推出。用户仍然可以订阅无广告版本的Disney+，每月收费7.99美元。流媒体纷纷推出插播广告会员早在迪士尼之前，华纳传媒、派拉蒙全球、NBC环球、Discovery等流媒体纷纷推出了插播广告的会员产品，希望能够持续争抢会员。如今迪士尼也加入了这股行业新潮流中，表明了随着消费者试图限制家庭支出，并对注册哪些流媒体服务变得更加挑剔，流媒体公司争夺新用户的战斗已达到了何等激烈的程度，同时也突显了广告为流媒体服务的收入增长做出的贡献。据华尔街日报，Cowen&Co.跟踪流媒体服务的分析师Doug Creutz说，广告支持的流媒体产品帮助提高了APRU（平均每用户收入），这是媒体公司衡量业务的一个重要指标。“他们正在竭尽全力推动订户增长，”Creutz说。“他们把全部精力都放在了流媒体上，这是一场血腥的竞争。”华纳传媒提供了一个有广告插播的HBOMax版本，月费为9.99美元，而没有广告的版本月费为14.99美元。NBC环球提供带有广告差别的高级流媒体服务，月费为4.99美元，不含广告的收费为9.99美元。派拉蒙全球和探索公司分别提供两种等级的“派拉蒙+”和“探索+”服务，有广告和没有广告的，月费分别为4.99美元和9.99美元。迪士尼的层层压力迪士尼旗下拥有三大网络视频产品，除了“Disney+”还有“Hulu”和“ESPN+”。目前，Hulu拥有插广告会员，月收费6.99美元。根据迪士尼目标，该公司计划在2024年实现消费者直销业务（主要是网络视频）的盈利，新发行的Disney+含广告产品是迪士尼在2024财年结束前实现2.3亿至2.6亿用户签约目标的“基石”，这是其公司在2020年12月的投资者日发布会上首次宣布的目标。除了推出新的产品服务之外，迪士尼正在采取多种措施刺激会员增长。去年底，迪士尼推出一项优惠措施，消费者如果购买了“Hulu”会员，那么他们如果购买“Disney+”会员或是“ESPN+”会员将获得打折优惠。这一优惠政策效果十分明显，在最近一个季度中，“Disney+”会员在美国的增长速度达到了11%，远远高于过去四个季度大约2%到3%的增长速度。然而迪士尼仍面临着来自投资者的压力，投资者们要求其实现订阅用户增长目标。在疫情封锁期间，Disney+大火，在推出后的第一年就增加了近7500万名用户，但随着疫情缓解和竞争对手的回归，订阅增长放缓。上个季度，迪士尼新增1180万订阅用户，订阅增长超过预期。这一结果与其主要的流媒体竞争对手Netflix形成了鲜明对比。Netflix在1月底的报告中称，最近一个季度新增了830万用户，低于投资者的预期，其股价也在报告公布后下跌了近30%。而Netflix和苹果也是目前唯二成为不提供低成本、广告插播的主要流媒体服务公司。苹果尚且还有其他众多产品支撑着其收入，可Netflix的未来又何去何从呢？","news_type":1,"symbols_score_info":{"NFLX":1,"DIS":1,"QNETCN":0.6}},"isVote":1,"tweetType":1,"viewCount":6500,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9031318672,"gmtCreate":1646442385034,"gmtModify":1676534129769,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9031318672","repostId":"2217410465","repostType":4,"isVote":1,"tweetType":1,"viewCount":6775,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033426542,"gmtCreate":1646349919407,"gmtModify":1676534119599,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"Be carwful","listText":"Be carwful","text":"Be carwful","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033426542","repostId":"1107683547","repostType":4,"isVote":1,"tweetType":1,"viewCount":7137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033607431,"gmtCreate":1646263883923,"gmtModify":1676534109129,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"OK//<a href=\"https://laohu8.com/U/3575508103712478\">@SP2021</a>:Good","listText":"OK//<a href=\"https://laohu8.com/U/3575508103712478\">@SP2021</a>:Good","text":"OK//@SP2021:Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033607431","repostId":"2216175782","repostType":4,"isVote":1,"tweetType":1,"viewCount":5170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033607684,"gmtCreate":1646263876292,"gmtModify":1676534109122,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033607684","repostId":"2216175782","repostType":4,"isVote":1,"tweetType":1,"viewCount":6914,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9033055361,"gmtCreate":1646173633742,"gmtModify":1676534097322,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9033055361","repostId":"2216811042","repostType":4,"repost":{"id":"2216811042","kind":"highlight","pubTimestamp":1646144408,"share":"https://ttm.financial/m/news/2216811042?lang=en_US&edition=fundamental","pubTime":"2022-03-01 22:20","market":"us","language":"zh","title":"If the Ukrainian crisis pushes up inflation, it could force the Federal Reserve to accelerate rate hike this summer.","url":"https://stock-news.laohu8.com/highlight/detail?id=2216811042","media":"华尔街见闻","summary":"美联储政策收紧计划正面临俄乌危机的干扰：如果俄乌危机导致通胀持续上行，美联储或被迫在今年夏天大幅升息，这将增加明年经济衰退的风险。美联储主席鲍威尔本周三将在众议院金融服务委员会作证，周四将在参议院银行","content":"<p><html><head></head><body>The Federal Reserve's policy tightening plan is facing interference from the Russia-Ukraine crisis: if the Russia-Ukraine crisis leads to a continued rise in inflation, the Fed may be forced to raise interest rates sharply this summer, which would increase the risk of an economic recession next year.</p><p>Federal Reserve Chairman Jerome Powell will testify before the House Financial Services Committee on Wednesday and the Senate Banking Committee on Thursday, one of the two times the Fed chairman appears before Congress each year.</p><p>This year's timing coincides with the Federal Reserve's release of its semi-annual monetary policy review report. The report was released last week. Regarding the Russia-Ukraine crisis, the report contains only a brief mention: \"Recent geopolitical tensions related to the Russia-Ukraine situation are a source of uncertainty in global financial and commodity markets.\"</p><p>During periods of geopolitical turmoil, the Federal Reserve typically avoids taking measures that exacerbate uncertainty.<b>However, given that U.S. inflation is far above the 2% target and the Ukrainian crisis could push inflation even higher, the Federal Reserve may face considerable urgency and needs to continue its planned rate hike.</b></p><p><h2><b>25 basis points interest rate hike in March</b></h2>In public statements and interviews last week, Federal Reserve officials endorsed rate hike’s plan at the March 15-16 meeting. Officials say it is too early to judge how the war will affect the economic outlook, but they are closely monitoring developments.</p><p>The Wall Street Journal analysis points out that the current problem is that Federal Reserve officials had previously expected the U.S. inflation rate to peak this quarter, which is currently at its highest level in 40 years. Geopolitical developments pushed up prices throughout the spring, especially in energy and commodities.<b>This could force the Federal Reserve to accelerate rate hike this summer, which would increase the risk of a recession next year.</b></p><p>Federal Reserve Chairman Jerome Powell faces a choice:<b>Does the market need to be prepared for a scenario where, if inflation does not decline soon, a larger-than-expected rate hike, namely a 50 basis point rate hike, could occur this summer?</b></p><p><b>The market has now lowered its bets on a 50 basis point rate hike by the Federal Reserve in March.</b>The latest swap pricing on Tuesday showed that traders expect the Federal Reserve to raise interest rates by 24.5 basis points at its March 16 meeting (roughly equivalent to a 25 basis point rate hike).</p><p>Market analysts predict that Powell is likely to downplay the possibility of the Federal Reserve raising its March rate hike by 50 basis points at this week's hearing.</p><p>Most Federal Reserve officials have indicated that they prefer to raise the benchmark interest rate by 25 basis points starting in March; The Federal Reserve's last 50-basis-point rate hike was in 2000, and subsequent rate hike have been 25 basis points.</p><p>Within the Federal Reserve, only two officials have publicly called for a 50 basis point rate hike at the March policy meeting. Federal Reserve Governor Christopher Waller said last week that if the inflation and employment reports released before the Fed's next meeting \"indicate that the U.S. economy remains overheated, then there are good reasons to support a 50 basis point rate hike in March.\"</p><p><h2>Economic data will be the focus</h2>Two key economic data points will be the focus of attention for the Federal Reserve and the market: the U.S. February jobs report, scheduled for release this Friday, and the February CPI report, to be released on March 10.</p><p>If further economic data shows an overheated job market or accelerating price pressures, it could reignite the debate about whether the Federal Reserve will rate hike by 50 basis points in March, provided that the Ukrainian conflict does not further exacerbate market turmoil.</p><p>Federal Reserve officials have hinted that they may consider a 50 basis point rate hike this summer if inflation remains high. A larger rate hike could push U.S. federal interest rates into the 2.25%-2.5% range, a level last reached at the end of 2018.</p><p></body></html></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>If the Ukrainian crisis pushes up inflation, it could force the Federal Reserve to accelerate rate hike this summer.</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\">\nIf the Ukrainian crisis pushes up inflation, it could force the Federal Reserve to accelerate rate hike this summer.\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\">2022-03-01 22:20</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>The Federal Reserve's policy tightening plan is facing interference from the Russia-Ukraine crisis: if the Russia-Ukraine crisis leads to a continued rise in inflation, the Fed may be forced to raise interest rates sharply this summer, which would increase the risk of an economic recession next year.</p><p>Federal Reserve Chairman Jerome Powell will testify before the House Financial Services Committee on Wednesday and the Senate Banking Committee on Thursday, one of the two times the Fed chairman appears before Congress each year.</p><p>This year's timing coincides with the Federal Reserve's release of its semi-annual monetary policy review report. The report was released last week. Regarding the Russia-Ukraine crisis, the report contains only a brief mention: \"Recent geopolitical tensions related to the Russia-Ukraine situation are a source of uncertainty in global financial and commodity markets.\"</p><p>During periods of geopolitical turmoil, the Federal Reserve typically avoids taking measures that exacerbate uncertainty.<b>However, given that U.S. inflation is far above the 2% target and the Ukrainian crisis could push inflation even higher, the Federal Reserve may face considerable urgency and needs to continue its planned rate hike.</b></p><p><h2><b>25 basis points interest rate hike in March</b></h2>In public statements and interviews last week, Federal Reserve officials endorsed rate hike’s plan at the March 15-16 meeting. Officials say it is too early to judge how the war will affect the economic outlook, but they are closely monitoring developments.</p><p>The Wall Street Journal analysis points out that the current problem is that Federal Reserve officials had previously expected the U.S. inflation rate to peak this quarter, which is currently at its highest level in 40 years. Geopolitical developments pushed up prices throughout the spring, especially in energy and commodities.<b>This could force the Federal Reserve to accelerate rate hike this summer, which would increase the risk of a recession next year.</b></p><p>Federal Reserve Chairman Jerome Powell faces a choice:<b>Does the market need to be prepared for a scenario where, if inflation does not decline soon, a larger-than-expected rate hike, namely a 50 basis point rate hike, could occur this summer?</b></p><p><b>The market has now lowered its bets on a 50 basis point rate hike by the Federal Reserve in March.</b>The latest swap pricing on Tuesday showed that traders expect the Federal Reserve to raise interest rates by 24.5 basis points at its March 16 meeting (roughly equivalent to a 25 basis point rate hike).</p><p>Market analysts predict that Powell is likely to downplay the possibility of the Federal Reserve raising its March rate hike by 50 basis points at this week's hearing.</p><p>Most Federal Reserve officials have indicated that they prefer to raise the benchmark interest rate by 25 basis points starting in March; The Federal Reserve's last 50-basis-point rate hike was in 2000, and subsequent rate hike have been 25 basis points.</p><p>Within the Federal Reserve, only two officials have publicly called for a 50 basis point rate hike at the March policy meeting. Federal Reserve Governor Christopher Waller said last week that if the inflation and employment reports released before the Fed's next meeting \"indicate that the U.S. economy remains overheated, then there are good reasons to support a 50 basis point rate hike in March.\"</p><p><h2>Economic data will be the focus</h2>Two key economic data points will be the focus of attention for the Federal Reserve and the market: the U.S. February jobs report, scheduled for release this Friday, and the February CPI report, to be released on March 10.</p><p>If further economic data shows an overheated job market or accelerating price pressures, it could reignite the debate about whether the Federal Reserve will rate hike by 50 basis points in March, provided that the Ukrainian conflict does not further exacerbate market turmoil.</p><p>Federal Reserve officials have hinted that they may consider a 50 basis point rate hike this summer if inflation remains high. A larger rate hike could push U.S. federal interest rates into the 2.25%-2.5% range, a level last reached at the end of 2018.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3653111\">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/6a1de7aced7748879f251930783a3cb1","relate_stocks":{"161125":"标普500","513500":"标普500ETF博时","IVV":"标普500ETF-iShares","OEF":"标普100指数ETF-iShares","OEX":"标普100","SPXU":"三倍做空标普500ETF-ProShares","SQQQ":"纳指三倍做空ETF","DJX":"1/100道琼斯","PSQ":"做空纳斯达克100指数ETF-ProShares","DDM":"2倍做多道指ETF-ProShares","SDOW":"三倍做空道指30ETF-ProShares","SPY":"标普500ETF","BK4534":"瑞士信贷持仓","TQQQ":"纳指三倍做多ETF","QLD":"2倍做多纳斯达克100指数ETF-ProShares","DXD":"两倍做空道琼30指数ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares",".DJI":"道琼斯","DOG":"道指ETF-ProShares做空","QID":"两倍做空纳斯达克指数ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares",".IXIC":"NASDAQ Composite","SH":"做空标普500-Proshares",".SPX":"S&P 500 Index","BK4504":"桥水持仓","BK4559":"巴菲特持仓","UPRO":"三倍做多标普500ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares","QQQ":"纳指100ETF","BK4550":"红杉资本持仓"},"source_url":"https://wallstreetcn.com/articles/3653111","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2216811042","content_text":"美联储政策收紧计划正面临俄乌危机的干扰：如果俄乌危机导致通胀持续上行，美联储或被迫在今年夏天大幅升息，这将增加明年经济衰退的风险。美联储主席鲍威尔本周三将在众议院金融服务委员会作证，周四将在参议院银行委员会作证，这是美联储主席每年两次在国会露面的时间之一。今年的时间点恰逢美联储发布半年度货币审查报告政策。报告于上周发布。对于俄乌危机，报告仅包含一个简短的提及，即“最近与俄罗斯—乌克兰局势相关的地缘政治紧张局势是全球金融和商品市场不确定性的来源。”在地缘政治局势动荡时期，美联储通常会避免采取加剧不确定性的措施。但鉴于美国通胀率远远超过2%的目标，并且乌克兰危机有可能将通胀推得更高，美联储可能面临相当大的紧迫性，需要继续按计划加息。3月升息25个基点在上周的公开表态和采访中，美联储官员赞同在3月15-16日的会议上加息的计划。官员们表示，现在判断战争将如何影响经济前景还为时过早，但他们正在密切关注事态发展。华尔街日报分析指出，目前的问题在于，美联储官员此前预计美国的通胀率率将在本季度达到峰值，该指标目前正处于40年来最高水平。地缘政治形势发展推高整个春季的价格走势，尤其是能源和大宗商品，可能迫使美联储在今年夏季加速加息，这将增加明年经济衰退的风险。美联储主席鲍威尔面临抉择：是否需要让市场准备好迎接如下情景，即如果通胀率没有很快降低，那么今年夏天可能进行比预期幅度更大的加息，也就是加息50个基点。目前市场已经降低对于美联储3月升息50个基点的押注：周二最新掉期定价显示，交易员预计美联储将在3月16日的会议上升息 24.5个基点（基本等于升息25个基点）。市场分析预计，鲍威尔很可能在本周的听证会上淡化美联储3月加息50个基点的可能性。大多数美联储官员已表示，他们更希望3月份开始将基准利率上调25个基点；美联储上次加息50个基点是在2000年，之后历次加息幅度都是25个基点。美联储内部，目前只有两位官员公开呼吁在3月政策会议上加息50个基点。美联储理事沃勒(Christopher Waller)上周表示，如果美联储下次会议前发布的通胀和就业报告“表明美国经济仍然过热，那么就有充分理由支持3月份加息50个基点”。经济数据将成为焦点两项重要经济数据将成为美联储以及市场关注的焦点：定于本周五发布的美国2月就业报告，以及3月10日将发布的2月份CPI报告。如果又有经济数据显示就业市场过热或价格压力加速，可能会重新引发关于美联储3月是否加息50个基点的辩论，当然这一辩论的前提是乌克兰冲突不会进一步加剧市场混乱。美联储官员已经暗示，如果后续通胀水平维持高位，他们可能考虑今年夏季加息50个基点。如果以更大幅度加息，可能会将美国联邦利率推升至2.25%-2.5%区间，而上一次达到这一水平是在2018年底。","news_type":1,"symbols_score_info":{"161125":0.6,"513500":0.6,"DOG":0.6,".IXIC":1,"NQmain":0.6,"ESmain":0.6,"SPXU":0.6,"PSQ":0.6,"SH":0.6,"OEF":0.6,"QLD":0.6,"TQQQ":0.6,"DXD":0.6,"OEX":0.6,".SPX":0.6,"DDM":0.6,"DJX":0.6,"QID":0.6,"MNQmain":0.6,"UPRO":0.6,".DJI":1,"SDOW":0.6,"IVV":0.6,"SDS":0.6,"SSO":0.6,"UDOW":0.6,"QQQ":0.6,"SQQQ":0.6,"SPY":1}},"isVote":1,"tweetType":1,"viewCount":6271,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039529261,"gmtCreate":1646089889363,"gmtModify":1676534088918,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"Yue","listText":"Yue","text":"Yue","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039529261","repostId":"2214161887","repostType":4,"repost":{"id":"2214161887","kind":"highlight","pubTimestamp":1646060544,"share":"https://ttm.financial/m/news/2214161887?lang=en_US&edition=fundamental","pubTime":"2022-02-28 23:02","market":"us","language":"zh","title":"How significant is the impact of European and American sanctions targeting Russia's foreign exchange reserves?","url":"https://stock-news.laohu8.com/highlight/detail?id=2214161887","media":"华尔街见闻","summary":"俄乌局势如火如荼，而西方国家不断升级制裁，裁剑指俄罗斯外储。2月22日开始，西方各国对俄罗斯先后发起了两波制裁。2月26日晚间，美国、欧盟、英国和加拿大等西方大国突然发表联合声明，宣布禁止俄罗斯央行及","content":"<p><html><head></head><body>The situation between Russia and Ukraine is escalating, while Western countries continue to escalate sanctions, targeting Russia's foreign exchange reserves.</p><p>Starting February 22, Western countries launched two waves of sanctions against Russia. On the evening of February 26, major Western powers, including the United States, the European Union, the United Kingdom, and Canada, suddenly issued a joint statement announcing a ban on the Central Bank of Russia and several major Russian banks using the SWIFT system.</p><p>It is worth noting that the US and Europe have included the Central Bank of Russia in the \"SWIFT strike list,\" an extremely \"severe\" move aimed at preventing the Central Bank of Russia from using its \"ample\" foreign exchange reserves to reduce the effectiveness of sanctions.</p><p>Michael S. Bernstam, a researcher at the Hoover Institution at Stanford University, previously wrote in The Hill that the threat of sanctions against the Russian central bank could prevent Russian military operations and the outbreak of new wars in Europe.</p><p>Bernstam pointed out that Russia relies on its<a href=\"https://laohu8.com/S/CNBC\">Central Bank</a>$638 billion in foreign exchange reserves to support the exchange rate and stability of the national currency, the ruble, provide insurance for the banking system and household deposits, prevent bank runs, bail out the foreign debt of state-owned and private enterprises, and manage a $185 billion sovereign wealth fund to address fiscal emergencies.</p><p>But Russia will not obediently \"surrender\". Russia's foreign exchange reserves are now quite diversified, and its dependence on the US dollar has been significantly reduced. Simply attacking Russia's foreign exchange reserves may not achieve the desired results for European and American countries.</p><p><b>Why is it so powerful?</b></p><p>Bernstam stated that a key reason is the combination of 21st-century convertible currencies and the digitalization of international finance.</p><p>If Russia were a closed economy with a non-convertible currency, like the now-defunct Soviet Union, its foreign exchange reserves would not be affected.</p><p>But in the 21st century, the Russian economy is open, the ruble is convertible, and both are backed by foreign exchange reserves. However, these reserves are primarily held electronically by the Central Bank of Russia in accounts with the Federal Reserve, the European Central Bank, and similar Western institutions and clearing houses, without physical bonds or paper proof.</p><p>According to this account, government bonds and other securities in Western countries, as well as sovereign deposits in Western central banks and commercial banks, are dematerialized and paperless.</p><p>For example, U.S. Treasury Bond held by central banks in 200 countries are merely computer accounts at the Federal Reserve Bank of New York, traded by dealers authorized by the New York Fed, and the proceeds of sales are transmitted electronically to correspondent banks through the Fed's wire transfer and automated settlement system.</p><p><b>How big is the risk for Russia?</b></p><p>Bernstam believes that, from this perspective, if the Russian central bank were to be sanctioned, its $638 billion foreign exchange reserves would shrink to only their residual value. Of the $638 billion in foreign exchange reserves, only $12 billion is cash denominated in dollars and euros in the Russian central bank's vaults. If the Russian central bank is subject to Western sanctions, it will be difficult to sell all of its $139 billion worth of gold reserves.</p><p>About $403 billion—almost two-thirds of foreign exchange reserves—are securities and deposits denominated in dollars, euros, pounds sterling, and other Western currencies. If sanctions are imposed on the Central Bank of Russia, Russia's $403 billion in foreign exchange electronic assets held in the West may become unusable. Sanctions against the Central Bank of Russia will lead to foreign exchange runs, bank runs, and supply chain runs.</p><p>Bernstam also pointed out that with only $12 billion available to support the ruble, the ruble's exchange rate will depreciate. People will use any foreign currency they can get at any price as a store of value.</p><p>That's the problem.</p><p>Compared to the ruble, Russian households and businesses prefer foreign currency, holding $268 billion in deposits in state-owned savings banks and commercial banks, but they will run to banks to withdraw dollars and euros.</p><p>This cash is not available to banks, nor can it be obtained from central banks that do not have foreign exchange. Unless the government forcibly converts foreign exchange deposits into rubles, the banking system will suffer. Without access to sovereign wealth funds to support government social spending, the situation could become even worse: throughout the supply chain, suppliers will demand dollars from customers, while the effective parts of the economy will be dollarized, while others will incur supply bottlenecks and factory shutdowns.</p><p>In summary, Bernstam believes that imposing sanctions on the central bank poses a considerable risk to Russia.</p><p><b>Russia's counterattack</b></p><p>Faced with financial sanctions from Europe and the United States, which even banned the Central Bank of Russia and several major Russian banks from using the SWIFT system, Russia is not without its guards.</p><p>Since the 2008 financial crisis, Russia has developed a comprehensive strategy to implement de-dollarization, adopting de-dollarization measures such as reducing the direct use of the US dollar, lowering its proportion in foreign exchange reserves, significantly selling off US Treasury Bond, expanding non-dollar financing, increasing gold holdings, and establishing its own payment system and financial information exchange system.</p><p>A series of measures have not only increased the degree of de-dollarization, but also continuously strengthened the financial system's ability to cope with risks.</p><p>It is worth mentioning that, unlike other countries in the world that store gold in the United States, Russia does not store gold in the United States due to its distrust of the United States. All of Russia's gold is stored in the Central Bank of Russia's warehouse in Moscow.</p><p>In addition, Russia has achieved good results in a range of areas, including expanding non-dollar financing channels, currency swaps and local currency settlements, and establishing its own payment system and financial information exchange system.</p><p>Russia's foreign exchange reserves are now quite diversified, and its dependence on the US dollar has been significantly reduced. To some extent, thorough preparation has helped Russia build a powerful financial \"fortress\".</p><p>At the same time, the Central Bank of Russia also significantly raised its benchmark interest rate, prohibited foreigners from selling and forced the sale of foreign exchange.</p><p>On February 28, the Central Bank of Russia raised its key interest rate to 20%, the highest level in nearly two decades, from 9.5% previously.</p><p>The Central Bank of Russia stated that the external environment has changed dramatically, making rate hike necessary to enhance the attractiveness of deposits. The Central Bank of Russia stated that rate hike is prepared to take further measures to adjust interest rates in order to offset the depreciation of the ruble and the increased risk of inflation.</p><p>The Central Bank of Russia also announced the postponement of foreign exchange and money market transactions, and there will be no currency repurchase transactions or settlements in the money market. The start time of trading in the stock, financial futures and derivatives markets will be announced separately. Previously, the Central Bank of Russia announced a suspension of securities dealers accepting orders from foreign investors to sell Russian securities.</p><p>Stock market investor benefits are here! We're giving you our top ten stocks! Click to view >><img referrerpolicy=\"no-referrer\"/><img referrerpolicy=\"no-referrer\"/>Massive amounts of information and accurate interpretation are available here.<a href=\"https://laohu8.com/S/SINA\">Sina</a>Financial APP</p><p>Editor: Liu Xuanyi</p><p></body></html></p>","source":"highlight_wallstreetcn","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How significant is the impact of European and American sanctions targeting Russia's foreign exchange reserves?</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\">\nHow significant is the impact of European and American sanctions targeting Russia's foreign exchange reserves?\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\">2022-02-28 23:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>The situation between Russia and Ukraine is escalating, while Western countries continue to escalate sanctions, targeting Russia's foreign exchange reserves.</p><p>Starting February 22, Western countries launched two waves of sanctions against Russia. On the evening of February 26, major Western powers, including the United States, the European Union, the United Kingdom, and Canada, suddenly issued a joint statement announcing a ban on the Central Bank of Russia and several major Russian banks using the SWIFT system.</p><p>It is worth noting that the US and Europe have included the Central Bank of Russia in the \"SWIFT strike list,\" an extremely \"severe\" move aimed at preventing the Central Bank of Russia from using its \"ample\" foreign exchange reserves to reduce the effectiveness of sanctions.</p><p>Michael S. Bernstam, a researcher at the Hoover Institution at Stanford University, previously wrote in The Hill that the threat of sanctions against the Russian central bank could prevent Russian military operations and the outbreak of new wars in Europe.</p><p>Bernstam pointed out that Russia relies on its<a href=\"https://laohu8.com/S/CNBC\">Central Bank</a>$638 billion in foreign exchange reserves to support the exchange rate and stability of the national currency, the ruble, provide insurance for the banking system and household deposits, prevent bank runs, bail out the foreign debt of state-owned and private enterprises, and manage a $185 billion sovereign wealth fund to address fiscal emergencies.</p><p>But Russia will not obediently \"surrender\". Russia's foreign exchange reserves are now quite diversified, and its dependence on the US dollar has been significantly reduced. Simply attacking Russia's foreign exchange reserves may not achieve the desired results for European and American countries.</p><p><b>Why is it so powerful?</b></p><p>Bernstam stated that a key reason is the combination of 21st-century convertible currencies and the digitalization of international finance.</p><p>If Russia were a closed economy with a non-convertible currency, like the now-defunct Soviet Union, its foreign exchange reserves would not be affected.</p><p>But in the 21st century, the Russian economy is open, the ruble is convertible, and both are backed by foreign exchange reserves. However, these reserves are primarily held electronically by the Central Bank of Russia in accounts with the Federal Reserve, the European Central Bank, and similar Western institutions and clearing houses, without physical bonds or paper proof.</p><p>According to this account, government bonds and other securities in Western countries, as well as sovereign deposits in Western central banks and commercial banks, are dematerialized and paperless.</p><p>For example, U.S. Treasury Bond held by central banks in 200 countries are merely computer accounts at the Federal Reserve Bank of New York, traded by dealers authorized by the New York Fed, and the proceeds of sales are transmitted electronically to correspondent banks through the Fed's wire transfer and automated settlement system.</p><p><b>How big is the risk for Russia?</b></p><p>Bernstam believes that, from this perspective, if the Russian central bank were to be sanctioned, its $638 billion foreign exchange reserves would shrink to only their residual value. Of the $638 billion in foreign exchange reserves, only $12 billion is cash denominated in dollars and euros in the Russian central bank's vaults. If the Russian central bank is subject to Western sanctions, it will be difficult to sell all of its $139 billion worth of gold reserves.</p><p>About $403 billion—almost two-thirds of foreign exchange reserves—are securities and deposits denominated in dollars, euros, pounds sterling, and other Western currencies. If sanctions are imposed on the Central Bank of Russia, Russia's $403 billion in foreign exchange electronic assets held in the West may become unusable. Sanctions against the Central Bank of Russia will lead to foreign exchange runs, bank runs, and supply chain runs.</p><p>Bernstam also pointed out that with only $12 billion available to support the ruble, the ruble's exchange rate will depreciate. People will use any foreign currency they can get at any price as a store of value.</p><p>That's the problem.</p><p>Compared to the ruble, Russian households and businesses prefer foreign currency, holding $268 billion in deposits in state-owned savings banks and commercial banks, but they will run to banks to withdraw dollars and euros.</p><p>This cash is not available to banks, nor can it be obtained from central banks that do not have foreign exchange. Unless the government forcibly converts foreign exchange deposits into rubles, the banking system will suffer. Without access to sovereign wealth funds to support government social spending, the situation could become even worse: throughout the supply chain, suppliers will demand dollars from customers, while the effective parts of the economy will be dollarized, while others will incur supply bottlenecks and factory shutdowns.</p><p>In summary, Bernstam believes that imposing sanctions on the central bank poses a considerable risk to Russia.</p><p><b>Russia's counterattack</b></p><p>Faced with financial sanctions from Europe and the United States, which even banned the Central Bank of Russia and several major Russian banks from using the SWIFT system, Russia is not without its guards.</p><p>Since the 2008 financial crisis, Russia has developed a comprehensive strategy to implement de-dollarization, adopting de-dollarization measures such as reducing the direct use of the US dollar, lowering its proportion in foreign exchange reserves, significantly selling off US Treasury Bond, expanding non-dollar financing, increasing gold holdings, and establishing its own payment system and financial information exchange system.</p><p>A series of measures have not only increased the degree of de-dollarization, but also continuously strengthened the financial system's ability to cope with risks.</p><p>It is worth mentioning that, unlike other countries in the world that store gold in the United States, Russia does not store gold in the United States due to its distrust of the United States. All of Russia's gold is stored in the Central Bank of Russia's warehouse in Moscow.</p><p>In addition, Russia has achieved good results in a range of areas, including expanding non-dollar financing channels, currency swaps and local currency settlements, and establishing its own payment system and financial information exchange system.</p><p>Russia's foreign exchange reserves are now quite diversified, and its dependence on the US dollar has been significantly reduced. To some extent, thorough preparation has helped Russia build a powerful financial \"fortress\".</p><p>At the same time, the Central Bank of Russia also significantly raised its benchmark interest rate, prohibited foreigners from selling and forced the sale of foreign exchange.</p><p>On February 28, the Central Bank of Russia raised its key interest rate to 20%, the highest level in nearly two decades, from 9.5% previously.</p><p>The Central Bank of Russia stated that the external environment has changed dramatically, making rate hike necessary to enhance the attractiveness of deposits. The Central Bank of Russia stated that rate hike is prepared to take further measures to adjust interest rates in order to offset the depreciation of the ruble and the increased risk of inflation.</p><p>The Central Bank of Russia also announced the postponement of foreign exchange and money market transactions, and there will be no currency repurchase transactions or settlements in the money market. The start time of trading in the stock, financial futures and derivatives markets will be announced separately. Previously, the Central Bank of Russia announced a suspension of securities dealers accepting orders from foreign investors to sell Russian securities.</p><p>Stock market investor benefits are here! We're giving you our top ten stocks! Click to view >><img referrerpolicy=\"no-referrer\"/><img referrerpolicy=\"no-referrer\"/>Massive amounts of information and accurate interpretation are available here.<a href=\"https://laohu8.com/S/SINA\">Sina</a>Financial APP</p><p>Editor: Liu Xuanyi</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3652988\">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/93c3dba7c4b0e443e40fe6df5639434d","relate_stocks":{"159934":"黄金ETF","161125":"标普500","513500":"标普500ETF博时","518880":"黄金ETF华安",".IXIC":"NASDAQ Composite","DXD":"两倍做空道琼30指数ETF-ProShares","SSO":"2倍做多标普500ETF-ProShares","DOG":"道指ETF-ProShares做空","UPRO":"三倍做多标普500ETF-ProShares","UDOW":"三倍做多道指30ETF-ProShares","SH":"做空标普500-Proshares",".SPX":"S&P 500 Index","BK4504":"桥水持仓","NUGT":"二倍做多黄金矿业指数ETF-Direxion","BK4559":"巴菲特持仓","TQQQ":"纳指三倍做多ETF","GDX":"黄金矿业ETF-VanEck","BK4550":"红杉资本持仓","QQQ":"纳指100ETF",".DJI":"道琼斯","DUST":"二倍做空黄金矿业指数ETF-Direxion","OEF":"标普100指数ETF-iShares","SQQQ":"纳指三倍做空ETF","DJX":"1/100道琼斯","PSQ":"做空纳斯达克100指数ETF-ProShares","FXE":"欧元做多ETF-CurrencyShares","SDOW":"三倍做空道指30ETF-ProShares","SPY":"标普500ETF","GLD":"黄金ETF-SPDR","EUO":"欧元ETF-ProShares两倍做空","BK4534":"瑞士信贷持仓","IVV":"标普500ETF-iShares","DDM":"2倍做多道指ETF-ProShares","QLD":"2倍做多纳斯达克100指数ETF-ProShares","SDS":"两倍做空标普500 ETF-ProShares"},"source_url":"https://wallstreetcn.com/articles/3652988","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"2214161887","content_text":"俄乌局势如火如荼，而西方国家不断升级制裁，裁剑指俄罗斯外储。2月22日开始，西方各国对俄罗斯先后发起了两波制裁。2月26日晚间，美国、欧盟、英国和加拿大等西方大国突然发表联合声明，宣布禁止俄罗斯央行及几家俄主要银行使用SWIFT系统。值得注意的是，欧美在“SWIFT打击名单”中带上了俄央行，这是极其“严厉”的一招，目的在于防止俄罗斯央行通过动用“充裕的”外汇储备来降低制裁效果。斯坦福大学胡佛研究所研究员Michael S． Bernstam此前在《国会山报》刊文表示，对俄罗斯央行制裁的威胁，可能阻止俄罗斯的军事行动和在欧洲爆发新的战争。Bernstam指出，俄罗斯依赖其中央银行6380亿美元的外汇储备来支撑国家货币卢布的汇率和稳定，为银行系统和家庭存款提供保险，防止银行挤兑，救助国有和私营企业的外债，并管理1850亿美元的主权财富基金以应对财政紧急情况。但俄罗斯也不会乖乖“束手就擒”。如今俄罗斯的外汇储备已相当多元化、对美元依赖程度已大幅降低。仅仅依靠攻击俄罗斯的外储，未必能达到欧美国家预期的效果。为什么会有如此大的威力？Bernstam表示，一个重要原因是21世纪可兑换货币和国际金融数字化的结合。如果俄罗斯是一个像现已解体的苏联那样拥有不可兑换货币的封闭经济体，那么它的外汇储备将不会受到影响。但在21世纪，俄罗斯经济是开放的，卢布是可兑换的，两者都有外汇储备的支持。但这些储备主要是俄罗斯央行在美联储、欧洲央行以及类似的西方机构和清算机构的账户中的电子账目，没有实物债券和纸质证明。按照这种说法，西方国家的政府债券和其他证券，以及在西方中央银行和商业银行的主权存款，都是非实物化和无纸质证明的。例如，由200个国家的中央银行持有的美国国债在纽约联邦储备银行中仅是电脑上的账目，由纽约联储授权的交易商进行交易，销售收益通过美联储电汇和自动结算系统以电子方式传输到代理银行。　对俄罗斯来说，风险有多大？Bernstam认为，从这个角度来看，如果俄罗斯央行受到制裁，6380亿美元的外汇储备就会缩水到仅剩其残值。在6380亿美元的外汇储备中，只有120亿美元是俄罗斯央行金库中以美元和欧元计价的现金。而俄罗斯央行受到西方制裁的话，储备中价值1390亿美元的黄金将很难全部出售。而大约4030亿美元——几乎是外汇储备的三分之二，是以美元、欧元、英镑和其他西方货币计价的证券和存款。如果对俄罗斯央行实施制裁，俄罗斯在西方持有的4030亿美元外汇电子资产可能无法使用。对俄罗斯央行的制裁会带来外汇挤兑、银行挤兑和供应链挤兑。Bernstam还指出，由于只有120亿美元可用来支撑卢布，卢布汇率将会贬值。人们会用他们能以任何价格获得的任何外币作为价值储存手段。问题就在这里。与卢布相比，俄罗斯家庭和企业更青睐外汇，他们在国有储蓄银行和商业银行持有2680亿美元的存款，但他们会跑到银行来提取美元和欧元。而这些现金是银行手头没有的，也无法从没有外汇的央行那里获得。除非政府强行将外汇存款兑换成卢布，否则银行系统将会遭受冲击。由于无法获得主权财富基金来支持政府的社会支出，情况可能会更加严重：在整个供应链上，供应商将从客户那里索取美元，而经济中的有效部分将美元化，而其他部分将招致供应瓶颈和工厂停工。综上来看，Bernstam认为，对央行实施制裁对俄罗斯来说是相当大的风险。　俄罗斯的反击面对欧美的金融制裁甚至是禁止俄罗斯央行及几家俄主要银行使用SWIFT系统，俄罗斯也并不是毫无防备。2008年金融危机以来，为实施去美元化，俄罗斯制定了完整的策略，采取了减少美元直接使用、降低在外汇储备中的比例、大幅抛售美国国债、拓展非美元融资、增持黄金、建立本国的支付系统和金融信息交换系统等去美元化措施。一系列举措不仅提高了去美元化程度，同时也增使得金融系统应对风险能力不断增强。值得一提的是，不同于世界上其他国家将黄金储存在美国，出于对美国的不信任，俄罗斯在美国没有黄金储存，俄罗斯的黄金都储藏在俄央行在莫斯科的仓库里。此外，俄罗斯在拓展非美元融资渠道、货币互换与本币结算、建立本国的支付系统和金融信息交换系统等一系列方面皆收到了不错的成效。如今俄罗斯的外汇储备已相当多元化、对美元依赖程度已大幅降低。一定程度上，充足的准备帮助俄罗斯构建起了强大的金融“要塞”。与此同时，俄罗斯央行还大幅提高了基准利率，禁止外国人抛售，强制售汇。2月28日，俄罗斯央行将关键利率提升至20%，为近二十年来的最高水平，前值为9.5%。俄罗斯央行表示，外部环境发生了巨大变化，有必要加息以增强存款的吸引力。俄罗斯央行称，加息是为了抵消卢布贬值和通胀风险的增加，已准备好采取进一步措施调整利率。俄罗斯央行还宣布推迟外汇和货币市场的交易，货币市场上将不会进行货币回购的交易或结算。股票、金融期货和衍生金融工具市场的交易开始时间将另行公布。此前，俄罗斯央行宣布暂停证券交易商接受外国投资者关于出售俄罗斯有价证券的委托。股民福利来了！送您十大金股！点击查看>>海量资讯、精准解读，尽在新浪财经APP责任编辑：刘玄逸","news_type":1,"symbols_score_info":{"159934":0.6,"161125":0.6,"513500":0.6,"518880":0.6,"EURmain":0.9,"EUO":0.6,"MNQmain":0.6,"ZTmain":0.64,"SDS":0.6,"TQQQ":0.6,"MEURmain":0.6,"NQmain":0.6,"SQQQ":0.6,"UPRO":0.6,"UDOW":0.6,"SDOW":0.6,"QQQ":0.6,"DDM":0.6,"DUST":0.6,"OEF":0.6,"FXE":0.6,".IXIC":0.9,"ESmain":0.6,"DXD":0.6,"UBmain":0.64,"GCmain":0.9,"GLD":0.6,"PSQ":0.6,"SSO":0.6,"MGCmain":0.6,"SGUmain":0.6,"GDX":0.6,"TNmain":0.64,"SH":0.6,"ZNmain":0.64,"IVV":0.6,".DJI":0.9,"SGCmain":0.6,"SPY":0.86,"ZBmain":0.64,".SPX":0.6,"NUGT":0.6,"QLD":0.6,"DJX":0.6,"DOG":0.6,"ZFmain":0.64}},"isVote":1,"tweetType":1,"viewCount":6767,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039856368,"gmtCreate":1646007587578,"gmtModify":1676534081130,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039856368","repostId":"2214132600","repostType":4,"isVote":1,"tweetType":1,"viewCount":6804,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039363730,"gmtCreate":1645926622918,"gmtModify":1676534075158,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039363730","repostId":"1105748308","repostType":4,"repost":{"id":"1105748308","kind":"news","pubTimestamp":1645863456,"share":"https://ttm.financial/m/news/1105748308?lang=en_US&edition=fundamental","pubTime":"2022-02-26 16:17","market":"us","language":"zh","title":"TikTok's e-commerce GMV reached a peak of approximately 6 billion yuan in 2021, with a target of doubling it this year.","url":"https://stock-news.laohu8.com/highlight/detail?id=1105748308","media":"36氪","summary":"TikTok电商2022年GMV目标接近120亿元，在2021年的基础上翻了接近一倍。","content":"<p><html><head></head><body>36Kr learned from multiple sources that TikTok's e-commerce GMV reached a peak of approximately 6 billion yuan in 2021, with more than 70% of the GMV coming from Indonesia and less than 30% from the UK. 36Kr also learned that TikTok's e-commerce GMV target for 2022 is close to 12 billion yuan, nearly double that of 2021.</p><p>36Kr contacted ByteDance for confirmation of this news, but had not responded as of press time.</p><p>In contrast, Douyin e-commerce, ByteDance's e-commerce business in China, achieved a GMV of approximately 500 billion yuan in 2020 when it was first established. According to 36Kr, Douyin e-commerce's broad-based GMV reached nearly one trillion yuan in 2021.</p><p>After operating for the same year, TikTok's GMV last year was only 1% of that of Douyin's in 2020. Of this 1%, the vast majority of GMV was contributed by the Indonesian market. The UK, represented by the European and American markets, has a higher ceiling and is more valued by TikTok, but it has not achieved significant results.</p><p>In April 2021, TikTok started its live-streaming e-commerce business in Indonesia and the United Kingdom, launching a live-streaming shopping yellow bike function and running the entire cross-border e-commerce process from marketing and sales to logistics and after-sales customer service in these two locations.</p><p>A source close to TikTok e-commerce told 36Kr that at a meeting in review at the end of last year, relevant officials said that Indonesia's GMV accounted for more than 70%, while the UK's daily GMV was roughly equivalent to that of a medium-sized live streaming room in China. Internally, they believe the Indonesian market performed relatively successfully last year and plan to increase resource investment.</p><p>The Indonesian market has achieved remarkable results after just one year of testing, which is related to the scale and maturity of the local e-commerce market. According to data from research firm Momentum Works, Indonesia's e-commerce sales reached US$32.2 billion in 2020, ranking fourth globally after China, South Korea, and the United Kingdom, making it the largest e-commerce market in Southeast Asia. Furthermore, e-commerce sales accounted for only 20% of Indonesia's total retail sales that year. According to SenseTower data, TikTok has approximately 200 million downloads in Indonesia, accounting for more than 40% of the entire Southeast Asian region.</p><p>Besides its large market size, Indonesia is also one of the countries in Southeast Asia with a relatively well-developed e-commerce infrastructure. OVO has over 20 million monthly active users and, together with Dana, LinkAja, and Shopee Pay, forms the four major mobile payment channels. In addition to payments, Indonesia's logistics and network infrastructure can also meet the needs of live-streaming e-commerce.</p><p>Southeast Asia was also the first market that Chinese e-commerce companies successfully entered. Alibaba first entered the Southeast Asian e-commerce market in 2016 by acquiring Lazada. Relying on strong strategies such as free shipping and strong marketing strategies, Shopee, backed by Tencent, surpassed Lazada to become the largest e-commerce platform in Southeast Asia in 2019. By drawing on domestic e-commerce experience, the two platforms have initially completed consumer education and cultivated the online shopping habits of Indonesian users.</p><p>Compared to Indonesia, the UK has not had Chinese e-commerce platforms before and has no advantages in logistics or supply chain. It will still take time to cultivate local users' live-streaming shopping habits.</p><p>A TikTok service provider told 36Kr that the team's live streaming GMV in the UK is currently mainly driven by TikTok's official subsidies for 3C products, with an iPhone providing subsidies of up to 20%.</p><p>In addition to platform subsidies, TikTok also offers a three-month free shipping subsidy to newly joined merchants. On the logistics side, platforms such as Amazon have already achieved one-day and next-day delivery in the UK. However, the aforementioned service providers stated that the logistics services used by TikTok require a shipping cycle of at least a week to more than ten days, and lost and damaged packages occur frequently.</p><p>According to 36Kr, TikTok e-commerce plans to enter major mainstream markets within the next five years, reaching a scale of hundreds of billions of US dollars. Southeast Asia has a limited market size, and the key to achieving this goal lies in whether it can successfully open up the European and American markets. The temporary setback in the UK has forced TikTok to rethink its operational strategy in the European and American markets this year. Due to policy reasons, TikTok did not launch the shopping bike function required for live-streaming e-commerce in the United States last year. This year, TikTok plans to launch the live-streaming e-commerce function while ensuring data compliance.</p><p>36Kr has learned that after March this year, TikTok will also launch its live-streaming e-commerce business in more Southeast Asian and Western European countries, focusing on Indonesia and the UK.</p><p>To meet the challenge of expanding into more national markets this year, TikTok is strengthening its supply chain capabilities. A source close to TikTok e-commerce told 36Kr that Kang Zeyu, the head of TikTok e-commerce, has been focusing on researching factories and industrial belts in Jiangsu, Zhejiang, South China and other places for the past six months, trying to establish a product selection channel for livestreamers and merchants within TikTok similar to Douyin e-commerce's \"Selected Alliance\".</p><p>However, the product selection logic of cross-border e-commerce is very different from that of domestic live-streaming e-commerce. A veteran cross-border e-commerce professional believes that TikTok currently consumes e-commerce advertising, especially performance advertising, mainly from a group of Chinese brands going global and MCNs. Their overall advertising consumption is not large, but rather from Chinese cross-border sellers who genuinely have a need to sell goods, as well as international and local brands. TikTok has not yet been able to tap into them, and they will become the toughest nut to crack for TikTok this year.</p><p>Like Douyin e-commerce, the advertising value created by e-commerce will become TikTok's most important growth point in the future. According to 36Kr, TikTok currently mainly monetizes from games. Last year, advertising revenue from the gaming industry accounted for more than 50%, while e-commerce accounted for a very low proportion. Developing e-commerce businesses will help more big brands and sellers spend their advertising budgets on TikTok.</p><p>It is rumored that cross-border e-commerce companies make money by creating blockbuster products. Once a product sells well, it needs sufficient supply and strong supply chain negotiation capabilities. TikTok's advantage lies in traffic, but how to create blockbuster products and how to withstand the supply chain pressure brought about by blockbuster products has not yet emerged as a blockbuster product case that would make these cross-border merchants envious.</p><p>On the logistics side, there are market rumors that ByteDance is negotiating a cooperation with J&T Express, but ByteDance has denied these rumors. However, whether competing with Shopee and Lazada in the Southeast Asian market or with Amazon in the European and American markets, TikTok's existing logistics capabilities are insufficient to support long-term competition with its rivals, making cooperation with logistics companies with stronger overall strength imperative.</p><p></body></html></p>","source":"36k","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>TikTok's e-commerce GMV reached a peak of approximately 6 billion yuan in 2021, with a target of doubling it this year.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTikTok's e-commerce GMV reached a peak of approximately 6 billion yuan in 2021, with a target of doubling it this year.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">36氪</strong><span class=\"h-time small\">2022-02-26 16:17</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>36Kr learned from multiple sources that TikTok's e-commerce GMV reached a peak of approximately 6 billion yuan in 2021, with more than 70% of the GMV coming from Indonesia and less than 30% from the UK. 36Kr also learned that TikTok's e-commerce GMV target for 2022 is close to 12 billion yuan, nearly double that of 2021.</p><p>36Kr contacted ByteDance for confirmation of this news, but had not responded as of press time.</p><p>In contrast, Douyin e-commerce, ByteDance's e-commerce business in China, achieved a GMV of approximately 500 billion yuan in 2020 when it was first established. According to 36Kr, Douyin e-commerce's broad-based GMV reached nearly one trillion yuan in 2021.</p><p>After operating for the same year, TikTok's GMV last year was only 1% of that of Douyin's in 2020. Of this 1%, the vast majority of GMV was contributed by the Indonesian market. The UK, represented by the European and American markets, has a higher ceiling and is more valued by TikTok, but it has not achieved significant results.</p><p>In April 2021, TikTok started its live-streaming e-commerce business in Indonesia and the United Kingdom, launching a live-streaming shopping yellow bike function and running the entire cross-border e-commerce process from marketing and sales to logistics and after-sales customer service in these two locations.</p><p>A source close to TikTok e-commerce told 36Kr that at a meeting in review at the end of last year, relevant officials said that Indonesia's GMV accounted for more than 70%, while the UK's daily GMV was roughly equivalent to that of a medium-sized live streaming room in China. Internally, they believe the Indonesian market performed relatively successfully last year and plan to increase resource investment.</p><p>The Indonesian market has achieved remarkable results after just one year of testing, which is related to the scale and maturity of the local e-commerce market. According to data from research firm Momentum Works, Indonesia's e-commerce sales reached US$32.2 billion in 2020, ranking fourth globally after China, South Korea, and the United Kingdom, making it the largest e-commerce market in Southeast Asia. Furthermore, e-commerce sales accounted for only 20% of Indonesia's total retail sales that year. According to SenseTower data, TikTok has approximately 200 million downloads in Indonesia, accounting for more than 40% of the entire Southeast Asian region.</p><p>Besides its large market size, Indonesia is also one of the countries in Southeast Asia with a relatively well-developed e-commerce infrastructure. OVO has over 20 million monthly active users and, together with Dana, LinkAja, and Shopee Pay, forms the four major mobile payment channels. In addition to payments, Indonesia's logistics and network infrastructure can also meet the needs of live-streaming e-commerce.</p><p>Southeast Asia was also the first market that Chinese e-commerce companies successfully entered. Alibaba first entered the Southeast Asian e-commerce market in 2016 by acquiring Lazada. Relying on strong strategies such as free shipping and strong marketing strategies, Shopee, backed by Tencent, surpassed Lazada to become the largest e-commerce platform in Southeast Asia in 2019. By drawing on domestic e-commerce experience, the two platforms have initially completed consumer education and cultivated the online shopping habits of Indonesian users.</p><p>Compared to Indonesia, the UK has not had Chinese e-commerce platforms before and has no advantages in logistics or supply chain. It will still take time to cultivate local users' live-streaming shopping habits.</p><p>A TikTok service provider told 36Kr that the team's live streaming GMV in the UK is currently mainly driven by TikTok's official subsidies for 3C products, with an iPhone providing subsidies of up to 20%.</p><p>In addition to platform subsidies, TikTok also offers a three-month free shipping subsidy to newly joined merchants. On the logistics side, platforms such as Amazon have already achieved one-day and next-day delivery in the UK. However, the aforementioned service providers stated that the logistics services used by TikTok require a shipping cycle of at least a week to more than ten days, and lost and damaged packages occur frequently.</p><p>According to 36Kr, TikTok e-commerce plans to enter major mainstream markets within the next five years, reaching a scale of hundreds of billions of US dollars. Southeast Asia has a limited market size, and the key to achieving this goal lies in whether it can successfully open up the European and American markets. The temporary setback in the UK has forced TikTok to rethink its operational strategy in the European and American markets this year. Due to policy reasons, TikTok did not launch the shopping bike function required for live-streaming e-commerce in the United States last year. This year, TikTok plans to launch the live-streaming e-commerce function while ensuring data compliance.</p><p>36Kr has learned that after March this year, TikTok will also launch its live-streaming e-commerce business in more Southeast Asian and Western European countries, focusing on Indonesia and the UK.</p><p>To meet the challenge of expanding into more national markets this year, TikTok is strengthening its supply chain capabilities. A source close to TikTok e-commerce told 36Kr that Kang Zeyu, the head of TikTok e-commerce, has been focusing on researching factories and industrial belts in Jiangsu, Zhejiang, South China and other places for the past six months, trying to establish a product selection channel for livestreamers and merchants within TikTok similar to Douyin e-commerce's \"Selected Alliance\".</p><p>However, the product selection logic of cross-border e-commerce is very different from that of domestic live-streaming e-commerce. A veteran cross-border e-commerce professional believes that TikTok currently consumes e-commerce advertising, especially performance advertising, mainly from a group of Chinese brands going global and MCNs. Their overall advertising consumption is not large, but rather from Chinese cross-border sellers who genuinely have a need to sell goods, as well as international and local brands. TikTok has not yet been able to tap into them, and they will become the toughest nut to crack for TikTok this year.</p><p>Like Douyin e-commerce, the advertising value created by e-commerce will become TikTok's most important growth point in the future. According to 36Kr, TikTok currently mainly monetizes from games. Last year, advertising revenue from the gaming industry accounted for more than 50%, while e-commerce accounted for a very low proportion. Developing e-commerce businesses will help more big brands and sellers spend their advertising budgets on TikTok.</p><p>It is rumored that cross-border e-commerce companies make money by creating blockbuster products. Once a product sells well, it needs sufficient supply and strong supply chain negotiation capabilities. TikTok's advantage lies in traffic, but how to create blockbuster products and how to withstand the supply chain pressure brought about by blockbuster products has not yet emerged as a blockbuster product case that would make these cross-border merchants envious.</p><p>On the logistics side, there are market rumors that ByteDance is negotiating a cooperation with J&T Express, but ByteDance has denied these rumors. However, whether competing with Shopee and Lazada in the Southeast Asian market or with Amazon in the European and American markets, TikTok's existing logistics capabilities are insufficient to support long-term competition with its rivals, making cooperation with logistics companies with stronger overall strength imperative.</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://36kr.com/p/1626056933176837\">36氪</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1bf636ec8cc0b56a010568ee2f383262","relate_stocks":{"BK1590":"短视频概念股"},"source_url":"https://36kr.com/p/1626056933176837","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105748308","content_text":"36氪从多个信源处了解到，TikTok电商2021年GMV最高约60亿元，其中GMV占比约70%以上来自印度尼西亚，剩余不到30%来自英国。36氪另外了解到，TikTok电商2022年GMV目标接近120亿元，在2021年的基础上翻了接近一倍。36氪就此消息向字节跳动方面求证，截至发稿对方暂无回应。相比之下，抖音电商作为字节跳动在国内的电商业务，在成立之初的2020年便实现了约5000亿GMV。据36氪了解，抖音电商2021年宽口径GMV更是达到了近万亿。同样运作一年时间，TikTok电商去年的GMV只有抖音电商2020年的1%，而这1%中，绝大部分GMV又由印尼市场贡献，英国所代表欧美市场天花板更高，也更被TikTok官方所重视，却并没有取得显著成绩。2021年4月， TikTok以印尼、英国为起点试水直播电商业务，开通直播购物小黄车功能，并在上述两地跑通从营销、销售到物流、售后客服等跨境电商全流程。一位接近TikTok电商的人士告诉36氪，在去年年底的一次复盘会上，相关负责人表示印尼其GMV占比达到70%以上，相比之下，英国一天的GMV体量大约只相当于国内一个中型的直播间。内部认为印尼市场去年表现较为成功，并计划加大资源投入。印尼市场试水一年便能取得显著成绩，这与当地电商市场具备规模且成熟有关。研究机构Momentum Works数据显示，2020年印尼电商销售额322亿美元，仅次于中国、韩国和英国在全球排名第四，为东南亚地区最大的电商市场。且电商销售额只占印尼当年零售总额的20%。据SenseTower数据，TikTok在印尼约有2亿用户下载量，占到整个东南亚地区40%以上。除了市场规模大，印尼也是东南亚地区电商基础设施较为完善的国家。OVO 月活用户超过 2000 万，与 Dana、LinkAja 和 Shopee Pay构成四大主流移动支付渠道。除了支付，印尼的物流和网络设施也能满足直播电商的需求。东南亚也是中国电商公司最先成功进入的市场，阿里最早于2016年通过收购Lazada布局东南亚电商市场，依靠包邮和强营销策略等强势打法，背靠腾讯的Shopee于 2019 年超越Lazada成为东南亚第一大电商平台，通过借鉴国内电商经验，两大平台初步完成了消费者教育并培养了印尼用户的线上购物习惯。相比印尼，英国地区此前没有中国电商平台进入，在物流、供应链等方面都没有均没有优势，培养当地的用户直播购物习惯仍需时间。一位TikTok服务商告诉36氪，团队目前在英国地区的直播间GMV主要靠TikTok官方补贴的3C品类拉动，一部iPhone能给到高达20%的补贴。除了平台补贴，TikTok还对新入驻的商家实行三个月免费发货补贴。在物流端，亚马逊等平台已经在英国实现一日达、次日达，但上述服务商表示，TikTok所使用的物流服务则需要少则一星期，多则十几天的发货周期，丢包和损坏的情况也时有发生。据36氪了解，TikTok电商计划在未来五年内进入各大主流市场，达到千亿美金规模。东南亚的市场规模有限，实现这一目标的关键正在于能否成功打开欧美市场。英国暂时受阻使得TikTok今年不得不重新思考在欧美市场的运营策略，由于政策原因，TikTok去年并未在美国开放直播电商所需的购物小黄车功能，今年TikTok计划在保证数据合规的基础上开放直播电商功能。36氪了解到，今年3月后，TikTok还将围绕印尼和英国两地，在更多东南亚和西欧国家开放直播电商业务。为了应对今年开拓更多国家市场的挑战，TikTok正在补足供应链能力。一位接近TikTok电商的人士告诉36氪，TikTok电商负责人康泽宇最近半年正在重点调研江浙、华南等地的工厂和产业带，试图在TikTok内建立类似抖音电商”精选联盟”的主播商家选货渠道。但跨境电商的选货逻辑与国内直播电商有很大差异。一位跨境电商资深从业者认为，目前在TikTok上消耗电商广告，尤其是效果广告的主要是一批中国出海品牌以及MCN，他们的广告消耗总体量不大，反而是真正有卖货刚需的中国跨境卖家以及国际品牌、本土品牌，TikTok还没能撬动，而他们会成为TikTok今年需要啃下的硬骨头。与抖音电商一样，电商所创造的广告价值也将成为TikTok未来最重要的增长点，据36氪了解，TikTok现阶段主要变现来自游戏，去年来自游戏行业的广告营收占到50%以上，电商的占比则很低。发展电商业务将有助于更多大品牌、大卖家客户在TikTok消耗广告预算。传跨境电商以打爆款赚钱，产品一旦卖爆，需要充足的货源和强势的供应链谈判能力作为支撑，TikTok的优势在于流量，但如何打造爆款，如何承接爆款所带来的供应链压力，目前尚未出现足以让这批跨境商家眼馋的爆款案例。在物流侧，市场传闻字节跳动正在与极兔谈判合作，对此字节跳动表示消息不实。不过，无论是在东南亚市场和Shopee、Lazada竞争，还是在欧美市场和亚马逊竞争，TikTok现有的物流能力都不足以支撑与对手长期抗衡，与综合实力更强的物流公司合作势在必行。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":6373,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039027196,"gmtCreate":1645848032425,"gmtModify":1676534070324,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039027196","repostId":"1188917647","repostType":4,"isVote":1,"tweetType":1,"viewCount":2086,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9030240685,"gmtCreate":1645747038816,"gmtModify":1676534059566,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"Oop","listText":"Oop","text":"Oop","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9030240685","repostId":"1134472791","repostType":4,"repost":{"id":"1134472791","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":1645716555,"share":"https://ttm.financial/m/news/1134472791?lang=en_US&edition=fundamental","pubTime":"2022-02-24 23:29","market":"other","language":"zh","title":"US bank stocks plummeted, with Deutsche Bank falling more than 11%.","url":"https://stock-news.laohu8.com/highlight/detail?id=1134472791","media":"老虎资讯综合","summary":"2月24日，美股银行股大跌，德意志银行跌超11%，荷兰国际跌超8%，巴克莱银行、桑坦德银行、瑞银跌逾7%，汇丰控股跌6%，花旗、摩根大通跌逾3%","content":"<p><html><head></head><body>On February 24, US bank stocks plummeted.<a href=\"https://laohu8.com/S/DB\">Deutsche Bank</a>It fell more than 11%.<a href=\"https://laohu8.com/S/ING\">Dutch International</a>It fell more than 8%.<a href=\"https://laohu8.com/S/BCS\">Barclays Bank</a>、<a href=\"https://laohu8.com/S/SAN\">Santander Bank</a>、<a href=\"https://laohu8.com/S/UBS\">UBS</a>It fell more than 7%.<a href=\"https://laohu8.com/S/HBC\">HSBC Holdings</a>Down 6%,<a href=\"https://laohu8.com/S/C\">Citi</a>、<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Down more than 3%</p><p><img src=\"https://static.tigerbbs.com/14e31640d8025901480da8fd9aa208ba\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p></body></html></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>US bank stocks plummeted, with Deutsche Bank falling more than 11%.</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 bank stocks plummeted, with Deutsche Bank falling more than 11%.\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\">2022-02-24 23:29</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>On February 24, US bank stocks plummeted.<a href=\"https://laohu8.com/S/DB\">Deutsche Bank</a>It fell more than 11%.<a href=\"https://laohu8.com/S/ING\">Dutch International</a>It fell more than 8%.<a href=\"https://laohu8.com/S/BCS\">Barclays Bank</a>、<a href=\"https://laohu8.com/S/SAN\">Santander Bank</a>、<a href=\"https://laohu8.com/S/UBS\">UBS</a>It fell more than 7%.<a href=\"https://laohu8.com/S/HBC\">HSBC Holdings</a>Down 6%,<a href=\"https://laohu8.com/S/C\">Citi</a>、<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>Down more than 3%</p><p><img src=\"https://static.tigerbbs.com/14e31640d8025901480da8fd9aa208ba\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4258cd0edd20f0c6d2f9cff3da54a1b4","relate_stocks":{"DB":"德意志银行","0H7D.UK":"德意志银行","BK4552":"Archegos爆仓风波概念","BK4118":"综合性资本市场","BK4566":"资本集团"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1134472791","content_text":"2月24日，美股银行股大跌，德意志银行跌超11%，荷兰国际跌超8%，巴克莱银行、桑坦德银行、瑞银跌逾7%，汇丰控股跌6%，花旗、摩根大通跌逾3%","news_type":1,"symbols_score_info":{"0H7D.UK":0.9,"DB":0.9}},"isVote":1,"tweetType":1,"viewCount":2113,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9030183581,"gmtCreate":1645662237185,"gmtModify":1676534050243,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"Not good","listText":"Not good","text":"Not good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9030183581","repostId":"1153372780","repostType":4,"isVote":1,"tweetType":1,"viewCount":1526,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9097752008,"gmtCreate":1645573003839,"gmtModify":1676534040183,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097752008","repostId":"2213952907","repostType":4,"isVote":1,"tweetType":1,"viewCount":1194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9097268802,"gmtCreate":1645486276374,"gmtModify":1676534031123,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"500 is too little for Apple","listText":"500 is too little for Apple","text":"500 is too little for Apple","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097268802","repostId":"2213981004","repostType":4,"isVote":1,"tweetType":1,"viewCount":1913,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9097152464,"gmtCreate":1645400088642,"gmtModify":1676534023408,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097152464","repostId":"2213608380","repostType":4,"isVote":1,"tweetType":1,"viewCount":2416,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9097986776,"gmtCreate":1645317281491,"gmtModify":1676534017442,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9097986776","repostId":"1175413665","repostType":4,"repost":{"id":"1175413665","kind":"news","weMediaInfo":{"introduction":"追踪全球财经热点，精选影响您财富的资讯，投资理财必备神器！","home_visible":1,"media_name":"华尔街见闻","id":"1084101182","head_image":"https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e"},"pubTimestamp":1645313537,"share":"https://ttm.financial/m/news/1175413665?lang=en_US&edition=fundamental","pubTime":"2022-02-20 07:32","market":"us","language":"zh","title":"Contrary to the trend, Sister Wood actually wants to make \"value investment\"?","url":"https://stock-news.laohu8.com/highlight/detail?id=1175413665","media":"华尔街见闻","summary":"谁能想到全球最火的创新基金，竟自称是价值投资组合？Ark Invest首席执行官Cathie Wood（木头姐）周四在CNBC节目《中场报道》中表示：“我们的基金出现了大幅下滑，我们认为创新型股票现在","content":"<p><html><head></head><body>Who would have thought that the world's hottest innovation fund claimed to be a value portfolio?</p><p>Ark Invest CEO Cathie Wood said on CNBC's Halftime Report on Thursday:</p><p>\"Our fund has declined significantly, and we believe that innovative stocks are now in low-price territory, and technology stocks are significantly undervalued relative to their potential. Give us five years, and we are running a deep value portfolio.\" Sister Wood's investments have always been dominated by growth technology stocks, with heavy positions<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>、<a href=\"https://laohu8.com/S/ZM\">Zoom</a>High-growth technology stocks rose more than 150% in 2020. However, according to FactSet data, more than half of ARKK's stocks have fallen by at least 20% after entering 2022, and ARKK's overall decline has also reached 24%.</p><p>In this regard, Sister Wood said that the technology companies in its innovation-focused portfolio are seriously undervalued and believes that the losses of its funds are only temporary.</p><p>In the past two weeks, Sister Wood is still \"dead to the end\", and its ETF fund ARK Innovation (ARKK)<b>bargain-hunting high-growth technology stocks that exceed $400 million,</b>These include Roblox, the \"number one stock in the metaverse,\" payment terminal Block and online brokerage Robinhood.</p><p>Sister Wood said she does not invest in anything like<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Such a mature big tech company. But rather<b>Betting on DNA, automation,<a href=\"https://laohu8.com/S/300024\">Robot</a>And companies at the forefront of disruptive technologies in various industries, such as artificial intelligence</b>Major holdings include Tesla, Exact Sciences,<a href=\"https://laohu8.com/S/PATH\">UiPath</a>And Coinbase.</p><p>However, as inflation continues to explode, the Federal Reserve gradually embarks on the road of radical tightening, and the tightening of interest rate policy makes technology stocks that rely on future cash flow in trouble. Investors have no tolerance for the unprofitable and highly valued stocks at present.</p><p>Most investors on Wall Street are not optimistic about Sister Wood's \"death to the end\". Short Innovation ETF (SARK), a subsidiary of Tuttle Capital Management, is famous for shorting ARKK. While ARKK was hit hard, SARK rose by 24% this year, and its total assets were also pushed up to 309.8 million USD.</p><p>Still, Sister Wood has no shortage of supporters, and despite its poor performance, ARKK has attracted more than $70 million in net inflows so far this year, according to FactSet data.</p><p>Sister Wood said she believes inflation's drag on growth stocks will eventually end and the forces of deflation will return. \"Our biggest concern is that our investors are turning what we think is a temporary loss into a permanent loss,\" Woodsister said.</p><p></body></html></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>Contrary to the trend, Sister Wood actually wants to make \"value investment\"?</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\">\nContrary to the trend, Sister Wood actually wants to make \"value investment\"?\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1084101182\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/66809d1f5c2e43e2bdf15820c6d6897e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">华尔街见闻 </p>\n<p class=\"h-time smaller\">2022-02-20 07:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Who would have thought that the world's hottest innovation fund claimed to be a value portfolio?</p><p>Ark Invest CEO Cathie Wood said on CNBC's Halftime Report on Thursday:</p><p>\"Our fund has declined significantly, and we believe that innovative stocks are now in low-price territory, and technology stocks are significantly undervalued relative to their potential. Give us five years, and we are running a deep value portfolio.\" Sister Wood's investments have always been dominated by growth technology stocks, with heavy positions<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>、<a href=\"https://laohu8.com/S/ZM\">Zoom</a>High-growth technology stocks rose more than 150% in 2020. However, according to FactSet data, more than half of ARKK's stocks have fallen by at least 20% after entering 2022, and ARKK's overall decline has also reached 24%.</p><p>In this regard, Sister Wood said that the technology companies in its innovation-focused portfolio are seriously undervalued and believes that the losses of its funds are only temporary.</p><p>In the past two weeks, Sister Wood is still \"dead to the end\", and its ETF fund ARK Innovation (ARKK)<b>bargain-hunting high-growth technology stocks that exceed $400 million,</b>These include Roblox, the \"number one stock in the metaverse,\" payment terminal Block and online brokerage Robinhood.</p><p>Sister Wood said she does not invest in anything like<a href=\"https://laohu8.com/S/MSFT\">Microsoft</a>Such a mature big tech company. But rather<b>Betting on DNA, automation,<a href=\"https://laohu8.com/S/300024\">Robot</a>And companies at the forefront of disruptive technologies in various industries, such as artificial intelligence</b>Major holdings include Tesla, Exact Sciences,<a href=\"https://laohu8.com/S/PATH\">UiPath</a>And Coinbase.</p><p>However, as inflation continues to explode, the Federal Reserve gradually embarks on the road of radical tightening, and the tightening of interest rate policy makes technology stocks that rely on future cash flow in trouble. Investors have no tolerance for the unprofitable and highly valued stocks at present.</p><p>Most investors on Wall Street are not optimistic about Sister Wood's \"death to the end\". Short Innovation ETF (SARK), a subsidiary of Tuttle Capital Management, is famous for shorting ARKK. While ARKK was hit hard, SARK rose by 24% this year, and its total assets were also pushed up to 309.8 million USD.</p><p>Still, Sister Wood has no shortage of supporters, and despite its poor performance, ARKK has attracted more than $70 million in net inflows so far this year, according to FactSet data.</p><p>Sister Wood said she believes inflation's drag on growth stocks will eventually end and the forces of deflation will return. \"Our biggest concern is that our investors are turning what we think is a temporary loss into a permanent loss,\" Woodsister said.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0fb0479ff67cd3a760cdce353bcb60ed","relate_stocks":{"BK4099":"汽车制造商","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","BK4516":"特朗普概念","TTTN":"老虎中美互联网巨头ETF","BK4535":"淡马锡持仓","BK4538":"云计算","ZM":"Zoom","BK4550":"红杉资本持仓","MSFT":"微软","BK4551":"寇图资本持仓","ARKK":"ARK Innovation ETF","QNETCN":"纳斯达克中美互联网老虎指数","SARK":"Tradr 1X Short Innovation Daily ETF","BK4023":"应用软件","BK4554":"元宇宙及AR概念","PATH":"UiPath","03086":"华夏纳指","TSLA":"特斯拉"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175413665","content_text":"谁能想到全球最火的创新基金，竟自称是价值投资组合？Ark Invest首席执行官Cathie Wood（木头姐）周四在CNBC节目《中场报道》中表示：“我们的基金出现了大幅下滑，我们认为创新型股票现在处于低价区域，科技股相对于其潜力被大幅低估了。给我们五年时间，我们正在运行一个深度价值投资组合。”木头姐的投资向来以成长性科技股票为主，重仓特斯拉、Zoom等高增长科技股，在2020年涨幅超150%。然而据FactSet数据显示，在进入2022年之后ARKK中有超过一半的股票已经下跌至少20%，ARKK的整体跌幅也达到24%。对此，木头姐表示，其专注于创新的投资组合中的科技公司被严重低估，并认为旗下基金的亏损只是暂时的。在过去两周，木头姐依然“死扛到底”，其管理的ETF基金ARK Innovation（ARKK）抄底超过4亿美元的高增长科技股，其中包括“元宇宙第一股”Roblox、支付终端Block和在线券商Robinhood。木头姐表示，她不投资任何像微软这样成熟的大型科技公司。而是押注在DNA、自动化、机器人和人工智能等各行业处于颠覆性技术前沿的公司，主要持股包括特斯拉、Exact Sciences、UiPath和Coinbase。然而随着通胀持续爆表，美联储逐步走上激进的紧缩之路，利率政策的收紧使得依赖未来现金流的科技股陷入困境，投资者对于当下无利可图的高估值个股再没有往日的宽容。对于木头姐的“死扛到底”，华尔街大部分投资者并不表示看好，Tuttle Capital Management旗下的Short Innovation ETF（SARK）以做空ARKK闻名，在ARKK遭到重创的同时，SARK今年涨幅达24%，总资产也被推高至3.098亿美元。不过木头姐也不缺乏支持者，据FactSet数据显示，尽管表现不佳，但ARKK今年迄今仍吸引了超过7000万美元的净流入。木头姐表示，她相信通胀对成长型股票的拖累最终会结束，通货紧缩的力量将会卷土重来。“我们最大的担忧是，我们的投资者将我们认为的暂时损失变成了永久性损失。”木头姐说。","news_type":1,"symbols_score_info":{"PATH":0.9,"SARK":0.9,"ZM":0.9,"TSLA":0.9,"ARKK":0.9,"03086":0.9,"MSFT":0.9,"QNETCN":0.9,"TTTN":0.9}},"isVote":1,"tweetType":1,"viewCount":1430,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9094702459,"gmtCreate":1645231955410,"gmtModify":1676534010866,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094702459","repostId":"1103575417","repostType":4,"repost":{"id":"1103575417","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":1645228618,"share":"https://ttm.financial/m/news/1103575417?lang=en_US&edition=fundamental","pubTime":"2022-02-19 07:56","market":"sh","language":"zh","title":"Foreign capital crazy position adjustment, hinting at the main line of making money","url":"https://stock-news.laohu8.com/highlight/detail?id=1103575417","media":"格隆汇投资学苑","summary":"虎年开市之后，A股市场情绪整体低迷脆弱。市场风格切换明显，从热门科技成长赛道调仓至平时并不起眼的传统行业，诸如基建、房地产。同期，外资亦疯狂调仓切换。（2/7-2/17）大幅加仓前6的行业分别为银行、","content":"<p><html><head></head><body>After the opening of the market in the Year of the Tiger, the overall sentiment of the A-share market is depressed and fragile. The market style has changed obviously, from the growth track of popular technology to the traditional industries that are usually inconspicuous, such as infrastructure and real estate.</p><p>In the same period, foreign capital also frantically adjusted positions. (2/7-2/17) The top six industries with significant positions were banking, metallic copper, non-ferrous metals, insurance, chemicals and cement building materials, with positions increased by 7.47 billion, 3.55 billion, 3.42 billion, 3.17 billion, 1.47 billion and 1.38 billion respectively. In the same period, all sectors rose sharply, with increases of 3.4%, 10.4%, 8.4%, 6.1%, 5.7% and 8.4% respectively.</p><p>In terms of lightening positions, TOP6 are lithium batteries, medicine, photovoltaics, lithium mines, virus protection, photovoltaic modules and lithium iron phosphate, respectively, with lightening positions of 2.44 billion, 1.88 billion, 1.75 billion, 1.55 billion, 1.34 billion and 1.14 billion respectively. In the same period, the first 3 positions were reduced<a href=\"https://laohu8.com/S/300750\">CATL</a>、<a href=\"https://laohu8.com/S/002812\">Enjie Shares</a>、<a href=\"https://laohu8.com/S/002460\">Ganfeng Lithium</a>The reduced positions amounted to 2.15 billion, 1.04 billion and 840 million respectively.</p><p><img src=\"https://static.tigerbbs.com/30e72e2fd918baa6b2cfd685fa6e3641\" tg-width=\"417\" tg-height=\"641\" referrerpolicy=\"no-referrer\"/></p><p><b>Obviously, foreign capital adds positions to the financial cycle and lightens positions to the hot growth track, which is in step with the mainstream A-share market.</b>From the position adjustment path of foreign capital, we can also figure out the possible main line of investment this year.</p><p><b>Pursuing Banks</b></p><p>Since the beginning of this year, foreign capital has frantically added positions to banks, with a quota of 25.8 billion yuan, becoming the industry sector with the largest net inflow. From the perspective of individual stocks, the TOP4 foreign capital positions are<a href=\"https://laohu8.com/S/600036\">China Merchants Bank</a>、<a href=\"https://laohu8.com/S/601166\">Industrial Bank</a>、<a href=\"https://laohu8.com/S/000001\">Ping An Bank</a>、<a href=\"https://laohu8.com/S/600919\">Bank of Jiangsu</a>The additional positions amounted to 9.14 billion, 3.2 billion, 1.88 billion and 1.4 billion respectively, and the share price rose by 5.7%, 17%, -0.36% and 16% respectively during the same period.</p><p>Especially for China Merchants Bank, foreign capital has always preferred good positions and positions. At present, the latest market value is as high as 87.3 billion yuan, and the position ratio is as high as 6.79%, which is at a historically high level.<b>According to the ranking of foreign heavyweight stocks, China Merchants Bank has ranked 4th, second only to<a href=\"https://laohu8.com/S/600519\">Kweichow Moutai</a>CATL and<a href=\"https://laohu8.com/S/000333\">Midea Group</a>。</b></p><p>Why do foreign investors pursue banks?</p><p>Throughout 2021, the broader market rose well, with non-ferrous metals, chemicals, steel and popular tracks such as new energy vehicles, photovoltaics and chips all achieving double-digit returns. While the banking sector only rose 0.25%, second only to SW Agriculture, Forestry, Animal Husbandry and Fishery (-7.58%), SW Non-Bank Finance (-10.3%) and SW Leisure Services (-11.4%).</p><p><img src=\"https://static.tigerbbs.com/e3a168e84daaadd81eaf0b69242f31d1\" tg-width=\"415\" tg-height=\"586\" referrerpolicy=\"no-referrer\"/></p><p>If we count the statistics from 2020 to 2021, the banking sector also fell by 2.2% in two years, which is the worst realization among all 28 sub-sectors of Shenwan.<b>After 2 years of deep adjustment, the valuation of the banking sector is at a historically low level.</b>According to the CSI Bank Index, the current PB is 0.66 times, which is the lowest level in 10 years and far below the 0.76 times of the opportunity value.</p><p><img src=\"https://static.tigerbbs.com/a377e48613b01b1feda9c3834124c2c0\" tg-width=\"1080\" tg-height=\"552\" referrerpolicy=\"no-referrer\"/></p><p>In the past two years, the popular sectors of the market have staged a big bull market, and Shenzhen Chengzheng and GEM index have also recorded a very obvious surge. However, the banking plate is large, and the main market force is unwilling to win a low rate of return, so the plate is abandoned.</p><p>In 2022, global monetary policy turned big. The Federal Reserve is clamoring for multiple rate hike, global financial market turmoil intensifies, risk appetite converges, and switches from high-valued technology growth to traditional industries. However, the bank has fallen for another two years, and its valuation is attractive, so it is naturally favored by domestic and foreign funds.</p><p>41 A-share listed banks with a circulating market value of 6,786.2 billion yuan. There is a big difference between the good and bad of banks. Valuation is the result of all market participants voting with real money, which can represent the level of bank operation to a certain extent.</p><p>According to Wind, the two banks with the highest PB are<a href=\"https://laohu8.com/S/002142\">Bank of Ningbo</a>、<a href=\"https://laohu8.com/S/03968\">China Merchants Bank</a>, 2.25 times and 1.84 times respectively, far higher than the industry average of 0.66 times. The huge disparity in valuation stems from the company's operating level. The above two leading banks are far ahead of other listed banks in terms of profit growth rate and asset quality (bad debt ratio and provision coverage ratio).</p><p><img src=\"https://static.tigerbbs.com/97297992b0667c40ab2cca90752c7555\" tg-width=\"853\" tg-height=\"803\" referrerpolicy=\"no-referrer\"/></p><p>The second batch of excellent banks, including Ping An Bank and Industrial Bank, have relatively high valuation rankings, and are also the leading banks with a large increase in foreign capital.</p><p>This year, the main capital style, including foreign capital, has switched to traditional industries, which is unlikely to be a day or two, January and two months. In my opinion, the market is at least interpreted quarterly.</p><p><b>In 2022, banks can look high.</b></p><p><b>Steady growth</b></p><p>Since the beginning of the year, foreign capital has increased the position layout of the \"steady growth\" sector. What is the logic behind it, and are there any investment opportunities this year?</p><p>Under the triple pressure of \"demand contraction, supply shock and weakening expectations\", the central government set the tone of \"moderately advancing infrastructure investment\" to stabilize economic growth at the economic work conference in December last year. Subsequently, the Ministry of Finance and local governments made frequent moves in the field of infrastructure.</p><p><img src=\"https://static.tigerbbs.com/3a51cc09f4092a88b9f87d24c57b4e31\" tg-width=\"836\" tg-height=\"721\" referrerpolicy=\"no-referrer\"/></p><p>At the monetary level, the central bank is also anxious to take various measures to \"steady growth\".</p><p>On January 17th, the central bank urgently lowered MLF and OMO interest rates by 10 basis points.</p><p>On January 18th, senior officials of the central bank continued to blow out obvious policy warmth: open the monetary policy toolbox wider, keep the total amount stable, and avoid credit collapse; The level of reserve ratio is no longer high, but there is still some room, which will be used according to macro needs; Five quarters of declining macro leverage ratio created room for future monetary policy.</p><p>All the above are very positive signals that monetary policy marginally turns to easing. Rate cuts are just the beginning, and more easing is on the way. The central bank also mentioned that the adjustment of monetary policy in the United States has limited impact on China, which also shows that the central bank's thinking is still \"me-oriented\".</p><p>In January this year, social financing increased by 6.17 trillion yuan, an increase of 984.2 billion yuan year-on-year, setting a record high and significantly exceeding expectations. Among them, RMB loans to the enterprise sector amounted to 3.4 trillion yuan, an increase of 810 billion yuan year-on-year. This shows that the recent supervision of credit extension has been effective. On the money supply side, the year-on-year growth rate of M2 rebounded to 9.8%. Structurally, residents' deposits increased by 3.93 trillion yuan year-on-year, and fiscal deposits decreased by 585.1 billion yuan year-on-year, which were the main contributions, which also confirmed the obvious fiscal efforts at the beginning of the year, indicating that infrastructure is expected to usher in high growth.</p><p><img src=\"https://static.tigerbbs.com/31f8f9279ca9b7b92512c6a07409aba9\" tg-width=\"1080\" tg-height=\"707\" referrerpolicy=\"no-referrer\"/></p><p>Whether it is the Politburo meeting of the Central Committee to set the tone of steady growth or the positive actions of the central bank and the Ministry of Finance, it can reflect one problem:<b>The pressure of economic growth is great, and it is urgent to shift to steady growth.</b></p><p>In addition to advanced infrastructure construction, steady growth also relaxes the margins of real estate and achieves a soft landing. The policy level is also frequent-loans related to affordable rental housing are not included in the concentration management of real estate loans, the national supervision measures for pre-sale funds of commercial housing are introduced, and some banks in Ganzhou, Chongqing have reduced the down payment ratio of the first home loan to 20%...</p><p><b>Various policies of \"steady growth\" have been introduced to improve the fundamental logic of sector companies on the margins. After the deep decline in the past few years, most of the valuations are in a very cheap state, and the corresponding infrastructure and real estate sectors continue to rebound.</b></p><p><img src=\"https://static.tigerbbs.com/25f62de7f76c8e720685967c78ffe23a\" tg-width=\"1080\" tg-height=\"560\" referrerpolicy=\"no-referrer\"/></p><p>Infrastructure and real estate are looked down on by ordinary retail investors. Years ago, it was said that there would be good investment opportunities, and 10 people may believe it at most. As time has evolved, there are probably 4-5 people by now.</p><p>Real estate industry, the upstream includes cement, building materials, steel, etc., representing the leading<a href=\"https://laohu8.com/S/600585\">Conch Cement</a>、<a href=\"https://laohu8.com/S/000786\">Beixin Building Materials</a>、<a href=\"https://laohu8.com/S/600019\">Baosteel Company Limited</a>The midstream is the developer, and the representative enterprise is Vanke,<a href=\"https://laohu8.com/S/600048\">Poly Development</a>、<a href=\"https://laohu8.com/S/001979\">China Merchants Shekou</a>The downstream is home appliances, and the representative enterprise is<a href=\"https://laohu8.com/S/000651\">Gree Electric</a>Midea Group.</p><p>Almost all of these leaders used to be super bull stocks. They encountered Waterloo last year, but they are expected to get out of a good rebound this year. For example, China Merchants Shekou, domestic funds are strongly optimistic, and the number of fund positions and the total number of fund positions both reached a record high at the end of the fourth quarter of last year. The stock price has also rebounded from the bottom of last year, exceeding 50%.</p><p><img src=\"https://static.tigerbbs.com/8f3e9412a2b20a98636fef29185aa4cb\" tg-width=\"1080\" tg-height=\"653\" referrerpolicy=\"no-referrer\"/></p><p>The old infrastructure is the traditional \"railway-public infrastructure\" project, mostly railway, highway, airport, port, water conservancy facilities and other construction projects. There are many leaders in this segment, such as China Communications Construction, China Railway, China Power Construction, Shandong Road and Bridge, etc., and the rise has been good in the past two months.</p><p><img src=\"https://static.tigerbbs.com/060a281ae029ed07879dd3cf8ed49c78\" tg-width=\"835\" tg-height=\"807\" referrerpolicy=\"no-referrer\"/></p><p>In addition to the stock market, there is also the commodity market, and the opportunity is not small. For example, the main contract of rebar 2205 has had a good increase, rebounding from 4,300 yuan/ton at the beginning of the year to more than 5,000 yuan/ton, with the largest increase as high as 16.3%. With 5-6 times leverage, this wave of market has nearly 1 times the rate of return. There is also the upstream iron ore, which also shows a strong rebound, but recently it has been suppressed by policies and there is a wave of violent pullback/retracement.</p><p><img src=\"https://static.tigerbbs.com/c0e07773335e34aa488bb2da47cea990\" tg-width=\"1080\" tg-height=\"661\" referrerpolicy=\"no-referrer\"/></p><p>In 2022, the main line of market investment is indispensable for \"steady growth\". Although it has risen some, the market has not been interpreted in place.</p><p><b>epilogue</b></p><p>Talking about why he chose to invest in China at the 2022 Daily Journal annual meeting, Munger said that every dollar invested in China has an advantage. They invest in companies that are stronger than their competitors, but at lower prices:</p><p>\"China is a big modern country. It has such a huge population and has achieved such a huge modernization in the past 30 years. We have invested some money in China on the grounds that we can get more value in China than in the United States in terms of corporate strength and securities prices.\"<b>However, Munger also missed the timing, bargaining for Ali against the trend, and at present, a huge loss of 34%</b></p><p>For Chinese assets, it is not the Munger family that is optimistic. In the bond market, overseas institutions held a total of more than 3.7 trillion bonds of major types in China, rising for 38 consecutive months.</p><p>In the stock market, the accumulated net inflow of foreign capital last year was about 432.2 billion yuan, a record high in annual net inflow. In 2022, the inflow trend remained the same, with net inflows of 43.8 billion in January and 8.35 billion since February. As of the latest data, foreign capital (excluding QFII channel) has accumulated 1.66 trillion yuan of A shares, which has become an important role.</p><p><img src=\"https://static.tigerbbs.com/3388f6cf448bf4943b50f718cc0de9d4\" tg-width=\"1080\" tg-height=\"686\" referrerpolicy=\"no-referrer\"/></p><p>Foreign capital has always been called \"smart capital\" (not necessarily in the operation of individual stocks), and large position changes and high probability of market pace are not wrong.<b>Reducing popular growth and adding cyclical banks, this is the possible main line of the market this year.</b>Although growth stocks have fallen quite a bit, valuations are still high and still not worth the rush to bargain-hunting.</p><p>By the way, the top 15 foreign-funded heavyweight stocks are all household names, which deserve investors' attention. Among them, there are three banks in total, China Merchants Bank 4th, Ningbo 6th and Pingyin 14th. In the past year, the net amount of foreign capital inflow into the banking sector was 60.77 billion yuan, ranking first among all sectors. For \"steady growth\", it is not a foreign-funded heavy warehouse industry, but this year's frequent warehouse adjustments can be regarded as a positive signal!</p><p><img src=\"https://static.tigerbbs.com/eb79271d9f566eb07c555ca5b5f35076\" tg-width=\"1080\" tg-height=\"643\" referrerpolicy=\"no-referrer\"/></p><p>In 2022, black swans will occur frequently. Under the background of currency turnaround, the global stock market turmoil will intensify, and A shares will almost inevitably follow. There is no overall bull market opportunity, but the structural market must exist, depending on how you grasp it.<b>Personally, before the two sessions, it will be a better profit window period.</b></p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Foreign capital crazy position adjustment, hinting at the main line of making money</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nForeign capital crazy position adjustment, hinting at the main line of making money\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\">2022-02-19 07:56</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>After the opening of the market in the Year of the Tiger, the overall sentiment of the A-share market is depressed and fragile. The market style has changed obviously, from the growth track of popular technology to the traditional industries that are usually inconspicuous, such as infrastructure and real estate.</p><p>In the same period, foreign capital also frantically adjusted positions. (2/7-2/17) The top six industries with significant positions were banking, metallic copper, non-ferrous metals, insurance, chemicals and cement building materials, with positions increased by 7.47 billion, 3.55 billion, 3.42 billion, 3.17 billion, 1.47 billion and 1.38 billion respectively. In the same period, all sectors rose sharply, with increases of 3.4%, 10.4%, 8.4%, 6.1%, 5.7% and 8.4% respectively.</p><p>In terms of lightening positions, TOP6 are lithium batteries, medicine, photovoltaics, lithium mines, virus protection, photovoltaic modules and lithium iron phosphate, respectively, with lightening positions of 2.44 billion, 1.88 billion, 1.75 billion, 1.55 billion, 1.34 billion and 1.14 billion respectively. In the same period, the first 3 positions were reduced<a href=\"https://laohu8.com/S/300750\">CATL</a>、<a href=\"https://laohu8.com/S/002812\">Enjie Shares</a>、<a href=\"https://laohu8.com/S/002460\">Ganfeng Lithium</a>The reduced positions amounted to 2.15 billion, 1.04 billion and 840 million respectively.</p><p><img src=\"https://static.tigerbbs.com/30e72e2fd918baa6b2cfd685fa6e3641\" tg-width=\"417\" tg-height=\"641\" referrerpolicy=\"no-referrer\"/></p><p><b>Obviously, foreign capital adds positions to the financial cycle and lightens positions to the hot growth track, which is in step with the mainstream A-share market.</b>From the position adjustment path of foreign capital, we can also figure out the possible main line of investment this year.</p><p><b>Pursuing Banks</b></p><p>Since the beginning of this year, foreign capital has frantically added positions to banks, with a quota of 25.8 billion yuan, becoming the industry sector with the largest net inflow. From the perspective of individual stocks, the TOP4 foreign capital positions are<a href=\"https://laohu8.com/S/600036\">China Merchants Bank</a>、<a href=\"https://laohu8.com/S/601166\">Industrial Bank</a>、<a href=\"https://laohu8.com/S/000001\">Ping An Bank</a>、<a href=\"https://laohu8.com/S/600919\">Bank of Jiangsu</a>The additional positions amounted to 9.14 billion, 3.2 billion, 1.88 billion and 1.4 billion respectively, and the share price rose by 5.7%, 17%, -0.36% and 16% respectively during the same period.</p><p>Especially for China Merchants Bank, foreign capital has always preferred good positions and positions. At present, the latest market value is as high as 87.3 billion yuan, and the position ratio is as high as 6.79%, which is at a historically high level.<b>According to the ranking of foreign heavyweight stocks, China Merchants Bank has ranked 4th, second only to<a href=\"https://laohu8.com/S/600519\">Kweichow Moutai</a>CATL and<a href=\"https://laohu8.com/S/000333\">Midea Group</a>。</b></p><p>Why do foreign investors pursue banks?</p><p>Throughout 2021, the broader market rose well, with non-ferrous metals, chemicals, steel and popular tracks such as new energy vehicles, photovoltaics and chips all achieving double-digit returns. While the banking sector only rose 0.25%, second only to SW Agriculture, Forestry, Animal Husbandry and Fishery (-7.58%), SW Non-Bank Finance (-10.3%) and SW Leisure Services (-11.4%).</p><p><img src=\"https://static.tigerbbs.com/e3a168e84daaadd81eaf0b69242f31d1\" tg-width=\"415\" tg-height=\"586\" referrerpolicy=\"no-referrer\"/></p><p>If we count the statistics from 2020 to 2021, the banking sector also fell by 2.2% in two years, which is the worst realization among all 28 sub-sectors of Shenwan.<b>After 2 years of deep adjustment, the valuation of the banking sector is at a historically low level.</b>According to the CSI Bank Index, the current PB is 0.66 times, which is the lowest level in 10 years and far below the 0.76 times of the opportunity value.</p><p><img src=\"https://static.tigerbbs.com/a377e48613b01b1feda9c3834124c2c0\" tg-width=\"1080\" tg-height=\"552\" referrerpolicy=\"no-referrer\"/></p><p>In the past two years, the popular sectors of the market have staged a big bull market, and Shenzhen Chengzheng and GEM index have also recorded a very obvious surge. However, the banking plate is large, and the main market force is unwilling to win a low rate of return, so the plate is abandoned.</p><p>In 2022, global monetary policy turned big. The Federal Reserve is clamoring for multiple rate hike, global financial market turmoil intensifies, risk appetite converges, and switches from high-valued technology growth to traditional industries. However, the bank has fallen for another two years, and its valuation is attractive, so it is naturally favored by domestic and foreign funds.</p><p>41 A-share listed banks with a circulating market value of 6,786.2 billion yuan. There is a big difference between the good and bad of banks. Valuation is the result of all market participants voting with real money, which can represent the level of bank operation to a certain extent.</p><p>According to Wind, the two banks with the highest PB are<a href=\"https://laohu8.com/S/002142\">Bank of Ningbo</a>、<a href=\"https://laohu8.com/S/03968\">China Merchants Bank</a>, 2.25 times and 1.84 times respectively, far higher than the industry average of 0.66 times. The huge disparity in valuation stems from the company's operating level. The above two leading banks are far ahead of other listed banks in terms of profit growth rate and asset quality (bad debt ratio and provision coverage ratio).</p><p><img src=\"https://static.tigerbbs.com/97297992b0667c40ab2cca90752c7555\" tg-width=\"853\" tg-height=\"803\" referrerpolicy=\"no-referrer\"/></p><p>The second batch of excellent banks, including Ping An Bank and Industrial Bank, have relatively high valuation rankings, and are also the leading banks with a large increase in foreign capital.</p><p>This year, the main capital style, including foreign capital, has switched to traditional industries, which is unlikely to be a day or two, January and two months. In my opinion, the market is at least interpreted quarterly.</p><p><b>In 2022, banks can look high.</b></p><p><b>Steady growth</b></p><p>Since the beginning of the year, foreign capital has increased the position layout of the \"steady growth\" sector. What is the logic behind it, and are there any investment opportunities this year?</p><p>Under the triple pressure of \"demand contraction, supply shock and weakening expectations\", the central government set the tone of \"moderately advancing infrastructure investment\" to stabilize economic growth at the economic work conference in December last year. Subsequently, the Ministry of Finance and local governments made frequent moves in the field of infrastructure.</p><p><img src=\"https://static.tigerbbs.com/3a51cc09f4092a88b9f87d24c57b4e31\" tg-width=\"836\" tg-height=\"721\" referrerpolicy=\"no-referrer\"/></p><p>At the monetary level, the central bank is also anxious to take various measures to \"steady growth\".</p><p>On January 17th, the central bank urgently lowered MLF and OMO interest rates by 10 basis points.</p><p>On January 18th, senior officials of the central bank continued to blow out obvious policy warmth: open the monetary policy toolbox wider, keep the total amount stable, and avoid credit collapse; The level of reserve ratio is no longer high, but there is still some room, which will be used according to macro needs; Five quarters of declining macro leverage ratio created room for future monetary policy.</p><p>All the above are very positive signals that monetary policy marginally turns to easing. Rate cuts are just the beginning, and more easing is on the way. The central bank also mentioned that the adjustment of monetary policy in the United States has limited impact on China, which also shows that the central bank's thinking is still \"me-oriented\".</p><p>In January this year, social financing increased by 6.17 trillion yuan, an increase of 984.2 billion yuan year-on-year, setting a record high and significantly exceeding expectations. Among them, RMB loans to the enterprise sector amounted to 3.4 trillion yuan, an increase of 810 billion yuan year-on-year. This shows that the recent supervision of credit extension has been effective. On the money supply side, the year-on-year growth rate of M2 rebounded to 9.8%. Structurally, residents' deposits increased by 3.93 trillion yuan year-on-year, and fiscal deposits decreased by 585.1 billion yuan year-on-year, which were the main contributions, which also confirmed the obvious fiscal efforts at the beginning of the year, indicating that infrastructure is expected to usher in high growth.</p><p><img src=\"https://static.tigerbbs.com/31f8f9279ca9b7b92512c6a07409aba9\" tg-width=\"1080\" tg-height=\"707\" referrerpolicy=\"no-referrer\"/></p><p>Whether it is the Politburo meeting of the Central Committee to set the tone of steady growth or the positive actions of the central bank and the Ministry of Finance, it can reflect one problem:<b>The pressure of economic growth is great, and it is urgent to shift to steady growth.</b></p><p>In addition to advanced infrastructure construction, steady growth also relaxes the margins of real estate and achieves a soft landing. The policy level is also frequent-loans related to affordable rental housing are not included in the concentration management of real estate loans, the national supervision measures for pre-sale funds of commercial housing are introduced, and some banks in Ganzhou, Chongqing have reduced the down payment ratio of the first home loan to 20%...</p><p><b>Various policies of \"steady growth\" have been introduced to improve the fundamental logic of sector companies on the margins. After the deep decline in the past few years, most of the valuations are in a very cheap state, and the corresponding infrastructure and real estate sectors continue to rebound.</b></p><p><img src=\"https://static.tigerbbs.com/25f62de7f76c8e720685967c78ffe23a\" tg-width=\"1080\" tg-height=\"560\" referrerpolicy=\"no-referrer\"/></p><p>Infrastructure and real estate are looked down on by ordinary retail investors. Years ago, it was said that there would be good investment opportunities, and 10 people may believe it at most. As time has evolved, there are probably 4-5 people by now.</p><p>Real estate industry, the upstream includes cement, building materials, steel, etc., representing the leading<a href=\"https://laohu8.com/S/600585\">Conch Cement</a>、<a href=\"https://laohu8.com/S/000786\">Beixin Building Materials</a>、<a href=\"https://laohu8.com/S/600019\">Baosteel Company Limited</a>The midstream is the developer, and the representative enterprise is Vanke,<a href=\"https://laohu8.com/S/600048\">Poly Development</a>、<a href=\"https://laohu8.com/S/001979\">China Merchants Shekou</a>The downstream is home appliances, and the representative enterprise is<a href=\"https://laohu8.com/S/000651\">Gree Electric</a>Midea Group.</p><p>Almost all of these leaders used to be super bull stocks. They encountered Waterloo last year, but they are expected to get out of a good rebound this year. For example, China Merchants Shekou, domestic funds are strongly optimistic, and the number of fund positions and the total number of fund positions both reached a record high at the end of the fourth quarter of last year. The stock price has also rebounded from the bottom of last year, exceeding 50%.</p><p><img src=\"https://static.tigerbbs.com/8f3e9412a2b20a98636fef29185aa4cb\" tg-width=\"1080\" tg-height=\"653\" referrerpolicy=\"no-referrer\"/></p><p>The old infrastructure is the traditional \"railway-public infrastructure\" project, mostly railway, highway, airport, port, water conservancy facilities and other construction projects. There are many leaders in this segment, such as China Communications Construction, China Railway, China Power Construction, Shandong Road and Bridge, etc., and the rise has been good in the past two months.</p><p><img src=\"https://static.tigerbbs.com/060a281ae029ed07879dd3cf8ed49c78\" tg-width=\"835\" tg-height=\"807\" referrerpolicy=\"no-referrer\"/></p><p>In addition to the stock market, there is also the commodity market, and the opportunity is not small. For example, the main contract of rebar 2205 has had a good increase, rebounding from 4,300 yuan/ton at the beginning of the year to more than 5,000 yuan/ton, with the largest increase as high as 16.3%. With 5-6 times leverage, this wave of market has nearly 1 times the rate of return. There is also the upstream iron ore, which also shows a strong rebound, but recently it has been suppressed by policies and there is a wave of violent pullback/retracement.</p><p><img src=\"https://static.tigerbbs.com/c0e07773335e34aa488bb2da47cea990\" tg-width=\"1080\" tg-height=\"661\" referrerpolicy=\"no-referrer\"/></p><p>In 2022, the main line of market investment is indispensable for \"steady growth\". Although it has risen some, the market has not been interpreted in place.</p><p><b>epilogue</b></p><p>Talking about why he chose to invest in China at the 2022 Daily Journal annual meeting, Munger said that every dollar invested in China has an advantage. They invest in companies that are stronger than their competitors, but at lower prices:</p><p>\"China is a big modern country. It has such a huge population and has achieved such a huge modernization in the past 30 years. We have invested some money in China on the grounds that we can get more value in China than in the United States in terms of corporate strength and securities prices.\"<b>However, Munger also missed the timing, bargaining for Ali against the trend, and at present, a huge loss of 34%</b></p><p>For Chinese assets, it is not the Munger family that is optimistic. In the bond market, overseas institutions held a total of more than 3.7 trillion bonds of major types in China, rising for 38 consecutive months.</p><p>In the stock market, the accumulated net inflow of foreign capital last year was about 432.2 billion yuan, a record high in annual net inflow. In 2022, the inflow trend remained the same, with net inflows of 43.8 billion in January and 8.35 billion since February. As of the latest data, foreign capital (excluding QFII channel) has accumulated 1.66 trillion yuan of A shares, which has become an important role.</p><p><img src=\"https://static.tigerbbs.com/3388f6cf448bf4943b50f718cc0de9d4\" tg-width=\"1080\" tg-height=\"686\" referrerpolicy=\"no-referrer\"/></p><p>Foreign capital has always been called \"smart capital\" (not necessarily in the operation of individual stocks), and large position changes and high probability of market pace are not wrong.<b>Reducing popular growth and adding cyclical banks, this is the possible main line of the market this year.</b>Although growth stocks have fallen quite a bit, valuations are still high and still not worth the rush to bargain-hunting.</p><p>By the way, the top 15 foreign-funded heavyweight stocks are all household names, which deserve investors' attention. Among them, there are three banks in total, China Merchants Bank 4th, Ningbo 6th and Pingyin 14th. In the past year, the net amount of foreign capital inflow into the banking sector was 60.77 billion yuan, ranking first among all sectors. For \"steady growth\", it is not a foreign-funded heavy warehouse industry, but this year's frequent warehouse adjustments can be regarded as a positive signal!</p><p><img src=\"https://static.tigerbbs.com/eb79271d9f566eb07c555ca5b5f35076\" tg-width=\"1080\" tg-height=\"643\" referrerpolicy=\"no-referrer\"/></p><p>In 2022, black swans will occur frequently. Under the background of currency turnaround, the global stock market turmoil will intensify, and A shares will almost inevitably follow. There is no overall bull market opportunity, but the structural market must exist, depending on how you grasp it.<b>Personally, before the two sessions, it will be a better profit window period.</b></p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e68f18a297e419bae3cc0320b6d8ff4e","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103575417","content_text":"虎年开市之后，A股市场情绪整体低迷脆弱。市场风格切换明显，从热门科技成长赛道调仓至平时并不起眼的传统行业，诸如基建、房地产。同期，外资亦疯狂调仓切换。（2/7-2/17）大幅加仓前6的行业分别为银行、金属铜、有色金属、保险、化工、水泥建材，分别增仓74.7亿、35.5亿、34.2亿、31.7亿、14.7亿、13.8亿。同期板块均实现大涨，涨幅分别为3.4%、10.4%、8.4%、6.1%、5.7%、8.4%。减仓方面，TOP6分别为锂电池、医药、光伏、锂矿、病毒防护、光伏组件、磷酸铁锂，分别减仓24.4亿、18.8亿、17.5亿、15.5亿、14.5亿、13.4亿、11.4亿。同期，减仓前3的分别为宁德时代、恩捷股份、赣锋锂业，减仓额分别为21.5亿、10.4亿、8.4亿。很显然，外资加仓金融周期，减仓热门成长赛道，与A股主流市场步调一致。从外资的调仓路径，也可以揣摩今年可能的投资主线。追捧银行今年以来，外资疯狂加仓银行，额度高达258亿，成为净流入最多的行业板块。细分个股来看，外资加仓TOP4分别为招商银行、兴业银行、平安银行、江苏银行，加仓金额分别为91.4亿、32亿、18.8亿、14亿，同期股价分别上涨5.7%、17%、-0.36%、16%。尤其是招行，外资一直偏爱有佳，持仓加仓，当前持有最新市值高达873亿元，持仓比例高达6.79%，位于历史高位水平。按照外资重仓股排名来看，招行已经排名第4，仅次于贵州茅台、宁德时代和美的集团。外资为何追捧银行？2021年全年，大盘涨势良好，有色金属、化工、钢铁以及热门赛道，诸如新能源汽车、光伏、芯片均实现了双位数的回报率。而银行板块仅上涨0.25%，仅次于SW农林牧渔（-7.58%）、SW非银金融（-10.3%）、SW休闲服务（-11.4%）。如果统计2020-2021年，银行板块2年还倒跌2.2%，为所有申万28个子板块中变现最差的。经历2年的深度调整，银行板块估值位于历史低位水平。据中证银行指数来看，当前PB为0.66倍，位于10年来最低水平，还远低于机会值的0.76倍。过去2年，大盘热门板块均上演了大牛市行情，深成证和创业板指也录得非常明显的大涨。而银行板块盘子大，市场主力并不愿意博取低廉的回报率，板块被抛弃。2022年，全球货币政策大转向。美联储叫嚣要多次加息，全球金融市场的动荡加剧，风险偏好收敛，从高估值的科技成长切换到传统行业。而银行又整整下跌了2年，估值具备较大吸引力，自然遭遇国内外资金的青睐。41家A股上市银行，流通市值高达67862亿元。银行经营好坏，差别较大。估值是市场所有市场参与者用真金白银投票的结果，能够一定程度上代表银行经营的水平。据Wind，PB最高的两家银行是宁波银行、招商银行，分别为2.25倍、1.84倍，远远高于行业平均的0.66倍。估值悬殊如此之大，源于公司经营水平。以上两家龙头银行不管是利润增速、还是资产质量（坏账率、拨备覆盖率）均遥遥领先其他上市银行。第二批次经营优秀的银行，包括平安银行、兴业银行等，估值排名都比较靠前，也是外资大幅加仓的银行龙头。今年，包括外资在内的主力资金风格已经切换到传统行业，不太可能一天两天，一月两月。在我看来，行情至少以季度为单位来演绎。2022年，银行可以高看一眼。稳增长年初至今，外资加大了“稳增长”板块的仓位布局。背后是什么逻辑，今年还有投资机会吗？在经济面临“需求收缩、供给冲击、预期转弱”三重压力之下，中央早在去年12月的经济工作会议上，定调“适度超前开展基础设施投资”来稳经济增长。随后，财政部与地方政府等在基建领域动作频频。货币层面上，央行也很着急采取各种办法来“稳增长”。1月17日，央行盘中紧急调低MLF与OMO利率10个基点。1月18日，央行高级官员继续吹出明显政策暖风：把货币政策工具箱开得更大一些，保持总量稳定，避免信贷塌方；准备金率水平已经不高，但仍有一定空间，会根据宏观需要来使用；5个季度宏观杠杆率下降，为未来货币政策创造了空间。以上均属于非常积极的货币政策边际转向宽松的信号。降息只是开始，更多宽松政策还在路上。央行还提到，美国货币政策调整对于中国影响有限，也说明中国央行的思路依然是“以我为主”。今年1月，社融新增6.17万亿，同比多增9842亿，创下历史新高，大幅超出预期。其中，企业部门人民币贷款3.4万亿，同比多增8100亿。这可见近期监管信贷投放有所成效。货币供给侧，M2同比增速回升至9.8%。结构上看，居民存款同比多增3.93万亿，以及财政存款同比少增5851亿是主要贡献，也印证年初财政明显发力，预示基建有望迎来高增长。不管是中央政治局会议定调稳增长、还是央行、财政部的积极行动，均能够反映一个问题：经济增长压力大，转向稳增长很迫切。稳增长除了超前基建外，还有对房地产边际放松，实现软着陆。政策层面也是动作频频——保障性租赁住房有关贷款不纳入房地产贷款集中度管理、全国性商品房预售资金监管办法出台、重庆赣州部分银行将首套房贷首付比例降低至20%……“稳增长”各项政策出台，从边际上改善板块公司基本面逻辑，叠加过去几年经历过深跌之后，估值大多处于十分便宜的状态，相应基建、房地产板块因此持续反弹。基建、房地产被普通散户看不起，年前说会有不错的投资机会，10个人可能最多2个人相信。随着时间的演化，现在可能已经有4-5个人了。房地产行业，上游包括水泥、建材、钢铁等，代表龙头海螺水泥、北新建材、宝钢股份，中游是开发商，代表企业为万科、保利发展、招商蛇口，下游是家电，代表企业为格力电器、美的集团。这些龙头过去几乎都是超级牛股，去年遭遇滑铁卢行情，但今年有望走出不错的反弹行情。比如，招商蛇口，国内资金大力看好，基金持仓家数、基金总持仓股数在去年四季度末均创下历史新高。而股价也从去年底部反弹至今，超过50%。老基建也就是传统的“铁公基”项目，多是铁路、公路、机场、港口、水利设施等建设项目。该细分领域包括的龙头非常多，诸如中国交建、中国中铁、中国电建、山东路桥等等，最近2个月涨势良好。除了股票市场，还有商品市场，机会也不小。诸如螺纹钢主力合约2205已经有一波良好的涨幅，从年初的4300元/吨一度反弹至5000元/吨以上，最大涨幅高达16.3%。加上5-6倍的杠杆，这波行情足足有将近1倍的回报率。还有更上游的铁矿石，也都是呈现出很强的反弹行情，但近期遭遇政策打压，有一波剧烈回撤。2022年，市场投资主线缺不了“稳增长”，虽然已经上涨了一些，但行情并未演绎到位。尾声在2022年Daily Journal年会上，芒格在谈及为何选择投资中国时表示，在中国投的每一块钱都更有优势。他们所投资的公司相对于竞争对手更强，价格却更低：“中国是一个现代化的大国。它有如此庞大的人口，过去30年实现了如此巨大的现代化，我们在中国投资了一些资金，理由是在企业实力和证券价格方面，我们在中国可以获得的价值比在美国要多。”不过，芒格在时机上也有失手的时候，逆势抄底阿里，目前巨亏34%对于中国资产，并不是芒格一家看好。债券市场上，境外机构合计持有中国主要品种债券超过3.7万亿，连续38个月上升。股票市场，外资去年累计净流入约4322亿元，创年度净流入历史新高。2022年，流入趋势依旧，1月净流入438亿，2月以来净流入83.5亿。截止最新数据，外资（不包括QFII通道）累计持有A股1.66万亿元，已经成为一个重要的角色。外资历来被称为“聪明资金”（个股操作上不一定），大的仓位变化与市场步调大概率是不会错的。减热门成长，加周期银行，今年可能的市场主线就在这了。尽管成长股已经跌不少了，但估值依然高昂，仍不值得匆忙抄底。对了，外资重仓股前15名，均是家喻户晓的明星股，值得投资者重视。其中，一共有3家银行，招行第4，宁波第6，平银第14。最近1年，外资流入银行板块净额607.7亿元，位列所有板块第一名。对于“稳增长”，不是外资重仓行业，但今年调仓动作频频，也算是积极信号吧！2022年黑天鹅频发，在货币大转向的大背景下，全球股市动荡加剧，A股也几乎必然跟随，不具备整体的牛市机会，但结构性的行情一定存在，就看诸位如何把握了。个人认为，在两会之前，会是一个比较好的盈利窗口期。","news_type":1,"symbols_score_info":{"399001":0.9,"399006":0.9,"000001.SH":0.9}},"isVote":1,"tweetType":1,"viewCount":1610,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9094682465,"gmtCreate":1645140338426,"gmtModify":1676534001061,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"Oo","listText":"Oo","text":"Oo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094682465","repostId":"1166834221","repostType":4,"repost":{"id":"1166834221","kind":"news","pubTimestamp":1645110952,"share":"https://ttm.financial/m/news/1166834221?lang=en_US&edition=fundamental","pubTime":"2022-02-17 23:15","market":"us","language":"zh","title":"Warning from the 'global economic canary': Russia-Ukraine crisis will exacerbate supply chain risks","url":"https://stock-news.laohu8.com/highlight/detail?id=1166834221","media":"华尔街见闻","summary":"韩国贸易部长表示，正在密切关注能源价格的飙升。","content":"<p><html><head></head><body>Author: Wang Mei</p><p>South Korea is closely monitoring the Russia-Ukraine situation to assess its impact on energy prices, or possible disruptions to supply chains, the trade minister said.</p><p>On Thursday, CNBC reported that South Korean Trade Minister Yeo Han-koo said the country is closely watching the surge in energy prices first, saying up to 92 percent of South Korea's energy needs are met through imports.</p><p>He also said:</p><p>“<b>Some supply chains in manufacturing may also face these potential geopolitical risks</b>, so we are taking all policy measures to address this potential risk. \" South Korea's main exports include cars, chips and other electronics.</p><p>Yeo Han-koo said the government is trying to figure out which critical raw materials might be vulnerable.</p><p>He said:</p><p>\"We're trying to identify all of these critical raw materials that could disrupt our supply chain, for example,<b>It can also be vulnerable if we rely too much on one or two countries for this critical raw material.</b>South Korea is also trying to develop an \"early warning system\" to flag the risks of some of these critical materials. He added:</p><p>\"If there's some kind of sign or red flag in the supply chain, (we can) respond to potential risks ahead of time.<b>If necessary, a reserve system or some kind of exchange system can be developed with other countries. \"</b>As the global chip shortage continues, Yeo Han-koo is calling for international cooperation to address the problem.</p><p>The ongoing tight supply of chips has hurt production in many industries, from cars to home appliances, PCs and smartphones, which all require semiconductors to run.</p><p>Yeo Han-koo says:</p><p>\"Korean companies play a very important role in the semiconductor supply chain, and we believe that,<b>In semiconductors or any other industry, no country can own the entire supply chain.</b>”</body></html></p>","source":"highlight_wallstreetcn","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Warning from the 'global economic canary': Russia-Ukraine crisis will exacerbate supply chain risks</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\">\nWarning from the 'global economic canary': Russia-Ukraine crisis will exacerbate supply chain risks\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\">2022-02-17 23:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Author: Wang Mei</p><p>South Korea is closely monitoring the Russia-Ukraine situation to assess its impact on energy prices, or possible disruptions to supply chains, the trade minister said.</p><p>On Thursday, CNBC reported that South Korean Trade Minister Yeo Han-koo said the country is closely watching the surge in energy prices first, saying up to 92 percent of South Korea's energy needs are met through imports.</p><p>He also said:</p><p>“<b>Some supply chains in manufacturing may also face these potential geopolitical risks</b>, so we are taking all policy measures to address this potential risk. \" South Korea's main exports include cars, chips and other electronics.</p><p>Yeo Han-koo said the government is trying to figure out which critical raw materials might be vulnerable.</p><p>He said:</p><p>\"We're trying to identify all of these critical raw materials that could disrupt our supply chain, for example,<b>It can also be vulnerable if we rely too much on one or two countries for this critical raw material.</b>South Korea is also trying to develop an \"early warning system\" to flag the risks of some of these critical materials. He added:</p><p>\"If there's some kind of sign or red flag in the supply chain, (we can) respond to potential risks ahead of time.<b>If necessary, a reserve system or some kind of exchange system can be developed with other countries. \"</b>As the global chip shortage continues, Yeo Han-koo is calling for international cooperation to address the problem.</p><p>The ongoing tight supply of chips has hurt production in many industries, from cars to home appliances, PCs and smartphones, which all require semiconductors to run.</p><p>Yeo Han-koo says:</p><p>\"Korean companies play a very important role in the semiconductor supply chain, and we believe that,<b>In semiconductors or any other industry, no country can own the entire supply chain.</b>”</body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://wallstreetcn.com/articles/3652213\">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/50dfc816e395a6c9bf36a6d037e136b5","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://wallstreetcn.com/articles/3652213","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1166834221","content_text":"作者：王眉韩国贸易部长表示，韩国正密切关注俄乌局势，以评估其对能源价格的影响，或对供应链可能造成的中断。周四，据CNBC报道，韩国贸易部长Yeo Han-koo表示该国首先正在密切关注能源价格的飙升，他说韩国高达92%的能源需求是通过进口来满足的。他还表示：“制造业中的一些供应链也可能面临这些潜在的地缘政治风险，所以我们正在采取所有政策措施来应对这一潜在风险。”韩国的主要出口产品包括汽车、芯片和其他电子产品。Yeo Han-koo表示，政府正在努力找出哪些关键原材料可能易受攻击。他说：“我们正试图找出所有这些可能扰乱我们供应链的关键原材料，例如，如果我们过多地依赖一两个国家供应这种关键原材料，那也可能是脆弱的。”韩国还试图开发一种“预警系统”，以标记其中一些关键材料的风险。他补充说：“如果供应链中有某种迹象或危险信号，（我们可以）提前应对潜在风险。如有必要，可以与其他国家开发储备系统或某种交换系统。”随着全球芯片短缺的持续，Yeo Han-koo呼吁国际合作以解决这个问题。持续的芯片供应紧张已经损害了许多行业的生产，从汽车到家用电器、个人电脑和智能手机，这些行业都需要半导体来运行。Yeo Han-koo说：“韩国公司在半导体供应链中扮演着非常重要的角色，我们相信，在半导体或任何其他行业，没有一个国家能够拥有整个供应链。”","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1495,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9094962712,"gmtCreate":1645053219035,"gmtModify":1676533990560,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"GOOD","listText":"GOOD","text":"GOOD","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9094962712","repostId":"2212660062","repostType":4,"repost":{"id":"2212660062","kind":"news","pubTimestamp":1645047772,"share":"https://ttm.financial/m/news/2212660062?lang=en_US&edition=fundamental","pubTime":"2022-02-17 05:42","market":"us","language":"zh","title":"Foreign Media Headlines | Federal Reserve Prepares for rate hike! The pace of austerity will be accelerated.","url":"https://stock-news.laohu8.com/highlight/detail?id=2212660062","media":"新浪财经","summary":"全球财经媒体昨夜今晨共同关注的头条新闻主要有：1、美联储会议纪要：通胀过高支持尽早加息 必要时或加快紧缩步伐2、美国零售销售强劲反弹 创10个月来最大增幅3、欧洲央行管委Kazaks称今年“颇为有可能","content":"<p><html><head></head><body><b>The main headlines that global financial media focused on last night and this morning were:</b></p><p><b>1. Federal Reserve Meeting Minutes: High inflation supports early rate hike; tightening pace may be accelerated if necessary.</b><b>2. U.S. retail sales rebounded strongly, marking the largest increase in 10 months.</b><b>3. European Central Bank Governing Council member Kazaks stated that rate hike is \"quite likely\" this year.</b><b>4. U.S. homebuilder confidence index falls to lowest level since October, weakening home sales outlook</b><b>5、<a href=\"https://laohu8.com/S/GOOG\">Google</a>Announced the launch of an Android privacy sandbox, with plans to release a developer preview this year.</b><b>6. Former British Deputy Prime Minister Clegg promoted to President of Meta Global Affairs; Mark Zuckerberg steps down from policy work.</b><img src=\"https://static.tigerbbs.com/744e62b469087a5d5a1e4a9098412f31\" tg-width=\"720\" tg-height=\"445\" referrerpolicy=\"no-referrer\"/></p><p><b>Federal Reserve meeting minutes: Excessively high inflation supports early rate hike; tightening pace may be accelerated if necessary.</b></p><p>The Federal Reserve released the minutes of its January Federal Open Market Committee (FOMC) monetary policy meeting on Wednesday. Meeting minutes show that Federal Reserve officials believe U.S. inflation is too high, support an early rate hike, and may accelerate the pace of policy tightening.</p><p>Meeting minutes show that Federal Reserve officials believe it will soon be appropriate for rate hike. Most participants agreed that the pace of upward revision of the Federal Funds rate target range may accelerate compared to after 2015.</p><p>The minutes show that \"most participants pointed out that if inflation does not decline as expected, it would be appropriate for the committee to remove the easing policy more quickly than currently anticipated.\"</p><p>Participants continued to believe that the Federal Reserve's net asset purchase program should end soon. Several participants said they preferred to end the net asset purchase program as soon as possible to send a stronger signal that the Federal Reserve is committed to reducing inflation. Many participants indicated that selling institutional mortgage-backed securities or reinvesting some of the principal received from institutional mortgage-backed securities in Treasury Bond, USA, may be appropriate at some point in the future.</p><p>The minutes indicate that the Federal Reserve's balance sheet plan will be determined at an \"upcoming meeting,\" and a significant reduction in the balance sheet in the future may be appropriate. The minutes stated, \"Many participants believed that the situation may support starting to reduce the size of the balance sheet later this year.\"</p><p><img src=\"https://static.tigerbbs.com/fd32d07d8c1376aedefce4691516025b\" tg-width=\"720\" tg-height=\"413\" referrerpolicy=\"no-referrer\"/></p><p><b>U.S. retail sales rebounded strongly, marking their biggest increase in 10 months.</b></p><p>U.S. retail sales rebounded more than expected, marking the largest increase since March of last year, as the pandemic and inflation did not hinder Americans' consumer spending.</p><p>Data released by the U.S. Commerce Department on Wednesday showed that total retail sales rose 3.8% in January, compared to a downward revision of a 2.5% decline the previous month. None of these figures have been adjusted for inflation.</p><p>The median estimate from media survey economists for January retail sales was a 2% month-over-month increase.</p><p>This broad increase in retail sales highlights the resilience of American demand for goods. While a surge in the omicron strain and COVID-19 cases may dampen service spending this month, improvements in the labor market have helped consumers continue to buy products such as cars and furniture, despite inflation being at its highest level in decades.</p><p><img src=\"https://static.tigerbbs.com/5e653187c9baa770df53046ebcf11309\" tg-width=\"720\" tg-height=\"464\" referrerpolicy=\"no-referrer\"/></p><p><b>European Central Bank Governing Council member Kazaks stated that rate hike is \"quite likely\" this year.</b></p><p>Martins Kazaks, a member of the European Central Bank's Governing Council, said it was \"quite likely\" that rate hike would respond to the unprecedented surge in eurozone prices in 2022, but that tightening monetary policy would not \"disrupt the status quo.\"</p><p>“It will depend on the data,” the governor of the Central Bank of Latvia said in an interview. “We will have to wait, but it is quite likely to happen this year.”</p><p>Kazaks stated that inflation has now surpassed 5% after unexpectedly hitting a record high in the past two months, making the situation clearer for European Central Bank policymakers. \"We believe that the inflation rate is significantly higher than in the past, which will change the direction of gravity.\"</p><p>These remarks aligned Kazaks with the most hawkish members of the governing board—including Joachim Nagel of Germany and Klaas Knot of the Netherlands. The latter two both floated the idea of a 2022 rate hike after Governor Christine Lagarde declined to rule out the possibility of a rate hike this year earlier this month.</p><p>Lagarde later warned that premature policy tightening could jeopardize Europe's post-pandemic economic rebound. Kazaks agreed that \"if interest rates rise too quickly, it will have an impact on the economic recovery\" and urged a \"cautious and gradual\" approach.</p><p><img src=\"https://static.tigerbbs.com/5e6ad3eb0c75854ff53be3e3c038091c\" tg-width=\"720\" tg-height=\"405\" referrerpolicy=\"no-referrer\"/></p><p><b>The U.S. homebuilder confidence index fell to its lowest level since October, weakening the outlook for home sales.</b></p><p>The U.S. homebuilder confidence index fell to a four-month low in February due to rising labor and supply costs, which, coupled with rising interest rates, increased mortgage costs for homebuyers and affected the prospects for home sales.</p><p>According to the National Association of Home Builders (NAHB)/<a href=\"https://laohu8.com/S/WFC\">Wells Fargo Bank</a>According to data, the builder confidence index fell to 82 in February from 83 the previous month. This figure is in line with the median expectations of economists surveyed by Bloomberg.</p><p>Home builders are struggling to meet strong demand amid supply shortages and rising labor and material costs. The nationwide housing market is generally heating up, pushing home prices to record highs, which could begin to deter more buyers from entering the market, especially as the Federal Reserve prepares for rate hike and mortgage costs rise.</p><p>In a statement, NAHB Chief Economist Robert Dietz said, \"These higher development costs are hitting first-time homebuyers particularly hard. While demand for homes remains strong, higher interest rates in 2022 will further weaken homebuyers' affordability.\"</p><p>An indicator assessing sales expectations for the next six months fell to 80, the lowest since June. The potential buyer traffic metric fell to 65, the lowest since October last year. A measure of current single-family home sales rose slightly.</p><p><img src=\"https://static.tigerbbs.com/42acbe5b923a2b67fd5cfb460c40f3c8\" tg-width=\"720\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/></p><p><b>Google announced plans to launch an Android privacy sandbox and release a developer preview this year.</b></p><p>Google announced the launch of the Android privacy sandbox, which aims to introduce newer, more private advertising solutions to limit the sharing of user information with third-party organizations without harming the short-term interests of advertisers. According to reports, Google plans to release a privacy sandbox developer preview along with the beta this year.</p><p>“We are exploring technologies to reduce the feasibility of covert data collection, including integrating applications with the advertising SDK in a more secure way,” said Anthony Chavez, Vice President of Android Security and Privacy Product Management.</p><p>According to reports, the newly launched privacy sandbox is built on the existing Android web client, providing a clear path to improve Android privacy without affecting users' access to free content and services.</p><p><img src=\"https://static.tigerbbs.com/0656e6e9660e6cadb7f36f0ada0378e1\" tg-width=\"720\" tg-height=\"454\" referrerpolicy=\"no-referrer\"/></p><p><b>Former British Deputy Prime Minister Clegg promoted to President of Meta Global Affairs; Mark Zuckerberg steps down from policy duties.</b></p><p><a href=\"https://laohu8.com/S/FB\">Meta Platforms</a>Inc. CEO Mark Zuckerberg has promoted his top policy officer, Nick Clegg, to greater authority, meaning that Zuckerberg and Chief Operating Officer Sheryl Sandberg will be less involved in future policy decisions.</p><p>Clegg already leads Meta's global policy department, but Zuckerberg said in an article on Wednesday that he will now lead all of the company's policy affairs, including interactions with governments and how Meta \"presents our products and our work to the public.\" Clegg, who previously reported to Sandberg, now also reports to Zuckerberg with the new title of President of Global Affairs.</p><p>Clegg's expanded authority means that Zuckerberg and Sandberg will rely more on Clegg to make policy decisions. Sources familiar with the matter revealed that Zuckerberg, in particular, has spent a lot of time in recent years on policy issues such as content moderation and regulation, which he did not wish to do. According to sources familiar with the matter, Zuckerberg would rather spend more time in areas where he has more experience, such as Meta's technology and products, including plans to build a new immersive internet (known as the metaverse).</p><p></body></html></p>","source":"XLCJ","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Foreign Media Headlines | Federal Reserve Prepares for rate hike! The pace of austerity will be accelerated.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nForeign Media Headlines | Federal Reserve Prepares for rate hike! The pace of austerity will be accelerated.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪财经</strong><span class=\"h-time small\">2022-02-17 05:42</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>The main headlines that global financial media focused on last night and this morning were:</b></p><p><b>1. Federal Reserve Meeting Minutes: High inflation supports early rate hike; tightening pace may be accelerated if necessary.</b><b>2. U.S. retail sales rebounded strongly, marking the largest increase in 10 months.</b><b>3. European Central Bank Governing Council member Kazaks stated that rate hike is \"quite likely\" this year.</b><b>4. U.S. homebuilder confidence index falls to lowest level since October, weakening home sales outlook</b><b>5、<a href=\"https://laohu8.com/S/GOOG\">Google</a>Announced the launch of an Android privacy sandbox, with plans to release a developer preview this year.</b><b>6. Former British Deputy Prime Minister Clegg promoted to President of Meta Global Affairs; Mark Zuckerberg steps down from policy work.</b><img src=\"https://static.tigerbbs.com/744e62b469087a5d5a1e4a9098412f31\" tg-width=\"720\" tg-height=\"445\" referrerpolicy=\"no-referrer\"/></p><p><b>Federal Reserve meeting minutes: Excessively high inflation supports early rate hike; tightening pace may be accelerated if necessary.</b></p><p>The Federal Reserve released the minutes of its January Federal Open Market Committee (FOMC) monetary policy meeting on Wednesday. Meeting minutes show that Federal Reserve officials believe U.S. inflation is too high, support an early rate hike, and may accelerate the pace of policy tightening.</p><p>Meeting minutes show that Federal Reserve officials believe it will soon be appropriate for rate hike. Most participants agreed that the pace of upward revision of the Federal Funds rate target range may accelerate compared to after 2015.</p><p>The minutes show that \"most participants pointed out that if inflation does not decline as expected, it would be appropriate for the committee to remove the easing policy more quickly than currently anticipated.\"</p><p>Participants continued to believe that the Federal Reserve's net asset purchase program should end soon. Several participants said they preferred to end the net asset purchase program as soon as possible to send a stronger signal that the Federal Reserve is committed to reducing inflation. Many participants indicated that selling institutional mortgage-backed securities or reinvesting some of the principal received from institutional mortgage-backed securities in Treasury Bond, USA, may be appropriate at some point in the future.</p><p>The minutes indicate that the Federal Reserve's balance sheet plan will be determined at an \"upcoming meeting,\" and a significant reduction in the balance sheet in the future may be appropriate. The minutes stated, \"Many participants believed that the situation may support starting to reduce the size of the balance sheet later this year.\"</p><p><img src=\"https://static.tigerbbs.com/fd32d07d8c1376aedefce4691516025b\" tg-width=\"720\" tg-height=\"413\" referrerpolicy=\"no-referrer\"/></p><p><b>U.S. retail sales rebounded strongly, marking their biggest increase in 10 months.</b></p><p>U.S. retail sales rebounded more than expected, marking the largest increase since March of last year, as the pandemic and inflation did not hinder Americans' consumer spending.</p><p>Data released by the U.S. Commerce Department on Wednesday showed that total retail sales rose 3.8% in January, compared to a downward revision of a 2.5% decline the previous month. None of these figures have been adjusted for inflation.</p><p>The median estimate from media survey economists for January retail sales was a 2% month-over-month increase.</p><p>This broad increase in retail sales highlights the resilience of American demand for goods. While a surge in the omicron strain and COVID-19 cases may dampen service spending this month, improvements in the labor market have helped consumers continue to buy products such as cars and furniture, despite inflation being at its highest level in decades.</p><p><img src=\"https://static.tigerbbs.com/5e653187c9baa770df53046ebcf11309\" tg-width=\"720\" tg-height=\"464\" referrerpolicy=\"no-referrer\"/></p><p><b>European Central Bank Governing Council member Kazaks stated that rate hike is \"quite likely\" this year.</b></p><p>Martins Kazaks, a member of the European Central Bank's Governing Council, said it was \"quite likely\" that rate hike would respond to the unprecedented surge in eurozone prices in 2022, but that tightening monetary policy would not \"disrupt the status quo.\"</p><p>“It will depend on the data,” the governor of the Central Bank of Latvia said in an interview. “We will have to wait, but it is quite likely to happen this year.”</p><p>Kazaks stated that inflation has now surpassed 5% after unexpectedly hitting a record high in the past two months, making the situation clearer for European Central Bank policymakers. \"We believe that the inflation rate is significantly higher than in the past, which will change the direction of gravity.\"</p><p>These remarks aligned Kazaks with the most hawkish members of the governing board—including Joachim Nagel of Germany and Klaas Knot of the Netherlands. The latter two both floated the idea of a 2022 rate hike after Governor Christine Lagarde declined to rule out the possibility of a rate hike this year earlier this month.</p><p>Lagarde later warned that premature policy tightening could jeopardize Europe's post-pandemic economic rebound. Kazaks agreed that \"if interest rates rise too quickly, it will have an impact on the economic recovery\" and urged a \"cautious and gradual\" approach.</p><p><img src=\"https://static.tigerbbs.com/5e6ad3eb0c75854ff53be3e3c038091c\" tg-width=\"720\" tg-height=\"405\" referrerpolicy=\"no-referrer\"/></p><p><b>The U.S. homebuilder confidence index fell to its lowest level since October, weakening the outlook for home sales.</b></p><p>The U.S. homebuilder confidence index fell to a four-month low in February due to rising labor and supply costs, which, coupled with rising interest rates, increased mortgage costs for homebuyers and affected the prospects for home sales.</p><p>According to the National Association of Home Builders (NAHB)/<a href=\"https://laohu8.com/S/WFC\">Wells Fargo Bank</a>According to data, the builder confidence index fell to 82 in February from 83 the previous month. This figure is in line with the median expectations of economists surveyed by Bloomberg.</p><p>Home builders are struggling to meet strong demand amid supply shortages and rising labor and material costs. The nationwide housing market is generally heating up, pushing home prices to record highs, which could begin to deter more buyers from entering the market, especially as the Federal Reserve prepares for rate hike and mortgage costs rise.</p><p>In a statement, NAHB Chief Economist Robert Dietz said, \"These higher development costs are hitting first-time homebuyers particularly hard. While demand for homes remains strong, higher interest rates in 2022 will further weaken homebuyers' affordability.\"</p><p>An indicator assessing sales expectations for the next six months fell to 80, the lowest since June. The potential buyer traffic metric fell to 65, the lowest since October last year. A measure of current single-family home sales rose slightly.</p><p><img src=\"https://static.tigerbbs.com/42acbe5b923a2b67fd5cfb460c40f3c8\" tg-width=\"720\" tg-height=\"466\" referrerpolicy=\"no-referrer\"/></p><p><b>Google announced plans to launch an Android privacy sandbox and release a developer preview this year.</b></p><p>Google announced the launch of the Android privacy sandbox, which aims to introduce newer, more private advertising solutions to limit the sharing of user information with third-party organizations without harming the short-term interests of advertisers. According to reports, Google plans to release a privacy sandbox developer preview along with the beta this year.</p><p>“We are exploring technologies to reduce the feasibility of covert data collection, including integrating applications with the advertising SDK in a more secure way,” said Anthony Chavez, Vice President of Android Security and Privacy Product Management.</p><p>According to reports, the newly launched privacy sandbox is built on the existing Android web client, providing a clear path to improve Android privacy without affecting users' access to free content and services.</p><p><img src=\"https://static.tigerbbs.com/0656e6e9660e6cadb7f36f0ada0378e1\" tg-width=\"720\" tg-height=\"454\" referrerpolicy=\"no-referrer\"/></p><p><b>Former British Deputy Prime Minister Clegg promoted to President of Meta Global Affairs; Mark Zuckerberg steps down from policy duties.</b></p><p><a href=\"https://laohu8.com/S/FB\">Meta Platforms</a>Inc. CEO Mark Zuckerberg has promoted his top policy officer, Nick Clegg, to greater authority, meaning that Zuckerberg and Chief Operating Officer Sheryl Sandberg will be less involved in future policy decisions.</p><p>Clegg already leads Meta's global policy department, but Zuckerberg said in an article on Wednesday that he will now lead all of the company's policy affairs, including interactions with governments and how Meta \"presents our products and our work to the public.\" Clegg, who previously reported to Sandberg, now also reports to Zuckerberg with the new title of President of Global Affairs.</p><p>Clegg's expanded authority means that Zuckerberg and Sandberg will rely more on Clegg to make policy decisions. Sources familiar with the matter revealed that Zuckerberg, in particular, has spent a lot of time in recent years on policy issues such as content moderation and regulation, which he did not wish to do. According to sources familiar with the matter, Zuckerberg would rather spend more time in areas where he has more experience, such as Meta's technology and products, including plans to build a new immersive internet (known as the metaverse).</p><p></body></html></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2022-02-17/doc-ikyakumy6350360.shtml\">新浪财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/744e62b469087a5d5a1e4a9098412f31","relate_stocks":{"BK4559":"巴菲特持仓","BK4504":"桥水持仓",".IXIC":"NASDAQ Composite","SPY":"标普500ETF","BK4550":"红杉资本持仓","BK4534":"瑞士信贷持仓",".DJI":"道琼斯"},"source_url":"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/usstock/c/2022-02-17/doc-ikyakumy6350360.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2212660062","content_text":"全球财经媒体昨夜今晨共同关注的头条新闻主要有：1、美联储会议纪要：通胀过高支持尽早加息 必要时或加快紧缩步伐2、美国零售销售强劲反弹 创10个月来最大增幅3、欧洲央行管委Kazaks称今年“颇为有可能”加息4、美国住宅建筑商信心指数跌至10月来最低 房屋销售前景转弱5、谷歌宣布推出Android隐私沙盒 计划年内发布开发者预览版6、前英国副首相Clegg升任Meta全球事务总裁 扎克伯格从政策事务抽身美联储会议纪要：通胀过高支持尽早加息 必要时或加快紧缩步伐美联储周三公布了1月份联邦公开市场委员会（FOMC）货币政策会议的纪要文件。会议纪要显示，美联储官员们认为美国通胀过高，支持尽快进行一次加息，并可能加快政策紧缩步伐。会议纪要显示，美联储官员们认为很快将适合加息。多数与会者认为，与2015年后相比，联邦基金利率目标区间的上调步伐可能会加快。纪要显示，“多数与会者指出，如果通胀率没有如预期下行，那么委员会以比目前预期的速度更快取消宽松政策将是合适之举”。与会者继续认为，美联储净资产购买计划应该很快结束。几位与会者表示，他们倾向于尽早结束净资产购买计划，以发出更强烈的信号，表明美联储致力于降低通胀。许多与会者表示，出售机构住房抵押贷款支持证券或将从机构住房抵押贷款支持证券收到的部分本金再投资于美国国债，在未来的某个时候可能是合适的。纪要显示，美联储资产负债表计划将在“即将召开的会议”中确定，未来大幅缩减资产负债表可能会是适宜的。纪要称，“许多与会者认为，形势可能支持今年晚些时候开始缩减资产负债表规模。”美国零售销售强劲反弹 创10个月来最大增幅美国零售销售反弹超过预期，并创下去年3月份以来的最大增幅，因疫情和通胀无碍美国人的消费支出。美国商务部周三公布的数据显示，1月份零售销售总额增长3.8%，上月下修为下降2.5%。这些数字都没有经过通胀调整。媒体调查经济学家对1月零售销售的预估中值为环比增长2%。此次零售销售的广泛增长凸显了美国人对商品需求的韧性。虽然omicron毒株和新冠病例激增可能抑制本月的服务支出，但劳动力市场的改善帮助消费者继续购买汽车和家具等产品，而无视处于数十年来最高的通胀。欧洲央行管委Kazaks称今年“颇为有可能”加息欧洲央行管理委员会成员Martins Kazaks表示，“颇为有可能”在2022年加息以应对欧元区物价的空前飙升局面，但在收紧货币政策时不能“破坏现状”。“这将取决于数据，”这位拉脱维亚央行行长在接受采访时说，“我们还需等待，但颇有可能会在今年发生。”Kazaks表示，通胀在过去两个月意外创下纪录后现已突破5%，对于欧洲央行决策者而言，情况变得更加清晰。“我们认为通胀率明显高于过去，这将改变重力方向。”这些言论使Kazaks与管理委员会中最鹰派的成员--包括德国Joachim Nagel和荷兰Klaas Knot--保持了一致。后两人在行长克里斯蒂娜·拉加德本月早些时候不愿排除今年加息可能性之后，都提出了2022年加息的想法 。拉加德后来警告称，过早收紧政策可能危及欧洲疫情后的经济反弹。Kazaks同意“如果利率上升太快，将对经济复苏产生影响”，并敦促采取“谨慎和渐进”的做法。美国住宅建筑商信心指数跌至10月来最低 房屋销售前景转弱因劳动力和供应成本上升，美国2月份住宅建筑商信心指数降至四个月低点，加之利率上升，购房者的房贷成本加重，房屋销售前景也受到影响。根据美国全国住宅建筑商协会（NAHB）/富国银行的数据，2月份建筑商信心指数从上个月的83降至82。这个数字与接受彭博调查的经济学家预期中值一致。在供应短缺，劳动力和材料成本上升的背景下，住房建筑商难以满足旺盛需求。全国住宅市场普遍升温，推动房价触及纪录高位，这可能会开始阻止更多买家入场，尤其是在美联储准备加息，房贷成本升高的情况下。NAHB首席经济学家Robert Dietz在声明中表示，“这些较高的开发成本对首次购房者的打击尤其严重，尽管购房需求仍然强劲，但2022年更高的利率将进一步削弱购房者对房价的承受力。”评估未来六个月销售预期的指标跌至80，为6月份以来最低。 潜在买家流量指标跌至65，为去年10月以来最低。一项衡量当前单户住宅销量的指标略有上升。谷歌宣布推出Android隐私沙盒 计划年内发布开发者预览版谷歌宣布推出Android隐私沙盒，旨在引入更新、更具私密性的广告解决方案，以限制与第三方机构共享用户信息，但却不损害广告主短期利益。据介绍，谷歌计划在年内随测试版一起发布隐私沙盒开发者预览版。“我们正在探索降低隐蔽数据收集可行性的技术，包括通过更加安全的方式来完成应用程序与广告 SDK的集成。”Android 安全与隐私产品管理副总裁Anthony Chavez表示。据介绍，此次推出的隐私沙盒建立在Android已有的网页端基础之上，为改善Android隐私提供了一条清晰的路径，同时又不会影响用户对免费内容和服务的访问。前英国副首相Clegg升任Meta全球事务总裁 扎克伯格从政策事务抽身Meta Platforms Inc．首席执行官马克·扎克伯格晋升他的最高政策官Nick Clegg，赋予更大权限，意味着扎克伯格和首席运营官Sheryl Sandberg将减少参与未来的政策决策。Clegg已经在领导Meta的全球政策部门，但扎克伯格周三在一篇文章中表示，他现在将领导公司的所有政策事务，包括与政府的互动以及Meta如何“向公众呈现我们的产品和我们的工作。”之前向Sandberg汇报的Clegg现在也向扎克伯格汇报，新的头衔是全球事务总裁。Clegg的职权扩大意味着扎克伯格和Sandberg将更多依赖Clegg去做政策决策。知情人士透露，尤其是扎克伯格近年来在内容审核和监管等政策问题上花了很多时间，非自己所愿。据知情人士透露，扎克伯格宁愿把更多时间花在Meta的技术和产品等他更有经验的领域，包括建立一个新的沉浸式互联网（人称元宇宙）的计划。","news_type":1,"symbols_score_info":{"SPY":1,".IXIC":1,".DJI":1}},"isVote":1,"tweetType":1,"viewCount":1192,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":105051115,"gmtCreate":1620260833237,"gmtModify":1704340883761,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"Good news","listText":"Good news","text":"Good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":4,"repostSize":0,"link":"https://ttm.financial/post/105051115","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":790,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3577161019857161","authorId":"3577161019857161","name":"Weimar","avatar":"https://static.tigerbbs.com/da6e5b3d505c60c5dbc3873ae72d6e3b","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3577161019857161","idStr":"3577161019857161"},"content":"Nice performance","text":"Nice performance","html":"Nice performance"},{"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"content":"Help me reply and do the task, thank you!","text":"Help me reply and do the task, thank you!","html":"Help me reply and do the task, thank you!"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9005545063,"gmtCreate":1642374925905,"gmtModify":1676533704545,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"Hao&nbsp;","listText":"Hao&nbsp;","text":"Hao","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9005545063","repostId":"2204233977","repostType":4,"isVote":1,"tweetType":1,"viewCount":802,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039027196,"gmtCreate":1645848032425,"gmtModify":1676534070324,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039027196","repostId":"1188917647","repostType":4,"isVote":1,"tweetType":1,"viewCount":2086,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9030183581,"gmtCreate":1645662237185,"gmtModify":1676534050243,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"Not good","listText":"Not good","text":"Not good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9030183581","repostId":"1153372780","repostType":4,"isVote":1,"tweetType":1,"viewCount":1526,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815997901,"gmtCreate":1630634214503,"gmtModify":1676530361756,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"Zan","listText":"Zan","text":"Zan","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/815997901","repostId":"2164782990","repostType":4,"repost":{"id":"2164782990","kind":"news","pubTimestamp":1630618740,"share":"https://ttm.financial/m/news/2164782990?lang=en_US&edition=fundamental","pubTime":"2021-09-03 05:39","market":"fut","language":"zh","title":"Foreign Media Headlines: Morgan Stanley slashed U.S. GDP expectation in the third quarter to 2.9%","url":"https://stock-news.laohu8.com/highlight/detail?id=2164782990","media":"新浪财经","summary":"全球财经媒体昨夜今晨共同关注的头条新闻主要有：\n\n1、摩根士丹利预计美国经济增长放缓集中在三季度 大砍GDP预期至2.9%\n\n\n2、沃顿商学院金融教授：美联储的失误或导致美股重大回调\n\n\n3、非农就业","content":"<p><b>The headlines that the global financial media paid common attention to last night and this morning mainly include:</b></p><p><b>1、<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>The slowdown in U.S. economic growth is expected to be concentrated on slashing GDP forecast to 2.9% in the third quarter</b><b>2. Professor of Finance at Wharton Business School: The Fed's mistakes may lead to a major correction of U.S. stocks</b><b>3. Non-farm employment may show that the impact of the Delta epidemic has a significant impact on the Fed's reduction timetable</b><b>4. After facing antitrust investigations in many places around the world<a href=\"https://laohu8.com/S/AAPL\">Apple</a>The company waives 30% commission fee for media applications</b><b>6. Chip shortages hit the auto industry hard Ford's U.S. car sales plummeted 33% in August</b><b>6. Bridgewater Hedge Fund Returns Are Unsatisfactory A California Pension Fund Considers Whether to Divest</b><img src=\"https://static.tigerbbs.com/1037384d71652629777ece4778a09448\" tg-width=\"535\" tg-height=\"352\" referrerpolicy=\"no-referrer\"></p><p><b><a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>The slowdown in U.S. economic growth is expected to be concentrated on slashing GDP forecast to 2.9% in the third quarter</b></p><p>Economists at Morgan Stanley said that the slowdown in economic growth in the second half of the year is expected to occur mainly in the third quarter, largely because of stimulus spending recovery and ongoing supply chain problems.</p><p>Third-quarter GDP growth is now tracking at 2.9%, far below the previous 6.5%, economist Ellen Zentner and others said in a report Thursday.</p><p>\"The U.S. economy is moving away from the pace of growth in the first half of the year, cooling off by stimulus spending and an explosion of activity stimulated by the reopening of the economy,\" they wrote.</p><p>Lower spending on durable goods, including cars, is weighing on economic growth, and inventories remain low. August saw a broad slump in economic activity as rising inflation and the spread of the Delta strain weighed on consumer confidence.</p><p><img src=\"https://static.tigerbbs.com/d59eede34c9094bd59c8cb3e9bdfae52\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"></p><p><b>Wharton Finance Professor: The Fed's Mistakes May Lead to a Major Correction in U.S. Stocks</b></p><p>Jeremy Siegel, a finance professor at Wharton, said on Thursday that he expects U.S. stock market returns to slow down in the future and that the Fed's policy lapses could lead to the \"next major pullback\" in U.S. stocks.</p><p>Siegel quotes an old Wall Street saying that markets \"go upstairs and take the stairs, go downstairs and take the elevator\".</p><p>\"We're going up the stairs. I don't know when the elevator is coming, but in a sense it looks like a momentum trade, the market is just going up a little bit every day, but there's no real news to drive it, and a lot of momentum players are piling up,\" Siegel added. \"We've had this before. It's hard to say when it's going to end.\"</p><p>Siegel said he sees the catalyst for the sharp correction in stocks as a sudden change from the Federal Reserve's highly accommodative policies adopted during the pandemic.</p><p>Siegel has stressed for months that Fed Chairman Powell mistakenly believed that inflationary pressures would be temporary. Segal believes inflation will rise faster than the Fed expects.</p><p><img src=\"https://static.tigerbbs.com/c0e2d21638d7635281c0f5402aa608d7\" tg-width=\"550\" tg-height=\"385\" referrerpolicy=\"no-referrer\"></p><p><b>Non-farm payrolls may show that the impact of the Delta pandemic has a significant impact on the Fed's reducing timetable</b></p><p>As Fed officials enthusiastically talk about tapering bond purchases later this year, investors will be watching the nonfarm payrolls report scheduled for Friday to get an idea of the state of the U.S. labor market.</p><p>The median economist forecast suggests employment could rise by 725,000 in August, a slower pace than the previous two months but stronger than the increase at the start of the year.</p><p>The strong numbers will indicate that businesses are seeing more success in hiring after months of limited labor supply. But the risks associated with the Delta strain could mean weaker-than-expected nonfarm payroll data and complicate the Fed's timeline for tapering asset purchases.</p><p><a href=\"https://laohu8.com/S/BAC\">Bank of America</a>Economists released a report saying that \"the weakness in employment activity will be in line with other economic data that have softened since the Delta strain caused a surge in COVID case numbers.\" They expect non-farm payrolls to increase by 600,000 in August.</p><p>The economists said, \"If our jobs data forecasts come true, this level of weakness may be enough for the Fed to want to see more data before reducing the size.\"</p><p><img src=\"https://static.tigerbbs.com/ed416a15995e1ad932cd1130e95cb34f\" tg-width=\"550\" tg-height=\"344\" referrerpolicy=\"no-referrer\"></p><p><b>After facing antitrust investigations in many parts of the world<a href=\"https://laohu8.com/S/AAPL\">Apple</a>The company waives 30% commission fee for media applications</b></p><p>Apple will allow developers of some apps, such as Netflix, to link from its app store to external websites for users to make payments. The company, which generally charges a 30 percent commission on services and purchases made on the iPhone, has been investigated around the world in a concession from Apple.</p><p>Cupertino, Calif. -based Apple said the change will take effect worldwide for so-called reader apps starting early next year, including content such as magazines, newspapers, books, audio, music and video. The decision will settle an investigation by the Japanese Fair Trading Commission.</p><p>So far, Apple has forced such apps to use an in-app purchase system, paying Apple a commission of up to 30% for downloaded content and in-app subscriptions. The rule still applies to gaming apps and in-app purchases with the highest profit margins.</p><p><img src=\"https://static.tigerbbs.com/057e76e95f9c4e71488b21dae973e07a\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"></p><p><b>Chip Shortage Hits Auto Industry Ford's U.S. Car Sales Plunge 33% in August</b></p><p><a href=\"https://laohu8.com/S/F\">Ford Motor</a>The company said Thursday that U.S. vehicle sales plunged 33.1% last month from a year earlier as the ongoing global chip shortage wreaked havoc on the auto industry.</p><p><a href=\"https://laohu8.com/S/F\">Ford Motor</a>said the company sold 124,176 total U.S. vehicles in August, down 33.1% year over year, with truck sales down 29.4%, SUV sales down 25.3% and sedan sales down 86.0%.</p><p>August has traditionally been one of the higher months of the year for car sales, but a global chip shortage has sent auto inventory levels plummeting to record lows and new car and truck prices soaring.</p><p>Sales of nearly every model in Ford's lineup declined in the last month compared to last year. Most notably, Ford's best-selling F-Series pickup dropped 22.5% to 57,321 units.</p><p><img src=\"https://static.tigerbbs.com/8e39d28259c87b272af781a347156ae4\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\"></p><p><b>Bridgewater hedge fund returns unsatisfactoryA California pension fund considers whether to divest</b></p><p>The $21 billion retirement fund in Orange County, California, is considering whether to withdraw money from Dalio's hedge fund, which has underperformed for much of the past 16 years.</p><p>Since 2005, the Orange County Employees Retirement Fund (OCERS) has returned 4.5% annualized on its investments in Bridgewater Pure Alpha Fund, about 2.5 percentage points below its benchmark level, according to a memo from superannuation adviser Meketa Investment Group. The strategy has exceeded the Orange County Retirement Fund's target only once in the past five years, and has lagged in both seven-and ten-year deadlines.</p><p>Molly Murphy, chief investment officer at OCERS, recommended putting Bridgewater Pure Alpha on the retirement fund's watch list. According to the aforementioned Aug. 25 memo, a group of Meketa's consultants agreed, adding that they would \"assess potential replacements if necessary\".</p><p>\"Typically, if an advisor recommends putting a fund on a client's watch list, there's a good chance it will also advise the same to other clients,\" said Brad Alford, head of advisor Alpha Capital Management, \"which can spell trouble for Bridgewater.\"</p>","source":"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>Foreign Media Headlines: Morgan Stanley slashed U.S. GDP expectation in the third quarter to 2.9%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nForeign Media Headlines: Morgan Stanley slashed U.S. GDP expectation in the third quarter to 2.9%\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪财经</strong><span class=\"h-time small\">2021-09-03 05:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>The headlines that the global financial media paid common attention to last night and this morning mainly include:</b></p><p><b>1、<a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>The slowdown in U.S. economic growth is expected to be concentrated on slashing GDP forecast to 2.9% in the third quarter</b><b>2. Professor of Finance at Wharton Business School: The Fed's mistakes may lead to a major correction of U.S. stocks</b><b>3. Non-farm employment may show that the impact of the Delta epidemic has a significant impact on the Fed's reduction timetable</b><b>4. After facing antitrust investigations in many places around the world<a href=\"https://laohu8.com/S/AAPL\">Apple</a>The company waives 30% commission fee for media applications</b><b>6. Chip shortages hit the auto industry hard Ford's U.S. car sales plummeted 33% in August</b><b>6. Bridgewater Hedge Fund Returns Are Unsatisfactory A California Pension Fund Considers Whether to Divest</b><img src=\"https://static.tigerbbs.com/1037384d71652629777ece4778a09448\" tg-width=\"535\" tg-height=\"352\" referrerpolicy=\"no-referrer\"></p><p><b><a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a>The slowdown in U.S. economic growth is expected to be concentrated on slashing GDP forecast to 2.9% in the third quarter</b></p><p>Economists at Morgan Stanley said that the slowdown in economic growth in the second half of the year is expected to occur mainly in the third quarter, largely because of stimulus spending recovery and ongoing supply chain problems.</p><p>Third-quarter GDP growth is now tracking at 2.9%, far below the previous 6.5%, economist Ellen Zentner and others said in a report Thursday.</p><p>\"The U.S. economy is moving away from the pace of growth in the first half of the year, cooling off by stimulus spending and an explosion of activity stimulated by the reopening of the economy,\" they wrote.</p><p>Lower spending on durable goods, including cars, is weighing on economic growth, and inventories remain low. August saw a broad slump in economic activity as rising inflation and the spread of the Delta strain weighed on consumer confidence.</p><p><img src=\"https://static.tigerbbs.com/d59eede34c9094bd59c8cb3e9bdfae52\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"></p><p><b>Wharton Finance Professor: The Fed's Mistakes May Lead to a Major Correction in U.S. Stocks</b></p><p>Jeremy Siegel, a finance professor at Wharton, said on Thursday that he expects U.S. stock market returns to slow down in the future and that the Fed's policy lapses could lead to the \"next major pullback\" in U.S. stocks.</p><p>Siegel quotes an old Wall Street saying that markets \"go upstairs and take the stairs, go downstairs and take the elevator\".</p><p>\"We're going up the stairs. I don't know when the elevator is coming, but in a sense it looks like a momentum trade, the market is just going up a little bit every day, but there's no real news to drive it, and a lot of momentum players are piling up,\" Siegel added. \"We've had this before. It's hard to say when it's going to end.\"</p><p>Siegel said he sees the catalyst for the sharp correction in stocks as a sudden change from the Federal Reserve's highly accommodative policies adopted during the pandemic.</p><p>Siegel has stressed for months that Fed Chairman Powell mistakenly believed that inflationary pressures would be temporary. Segal believes inflation will rise faster than the Fed expects.</p><p><img src=\"https://static.tigerbbs.com/c0e2d21638d7635281c0f5402aa608d7\" tg-width=\"550\" tg-height=\"385\" referrerpolicy=\"no-referrer\"></p><p><b>Non-farm payrolls may show that the impact of the Delta pandemic has a significant impact on the Fed's reducing timetable</b></p><p>As Fed officials enthusiastically talk about tapering bond purchases later this year, investors will be watching the nonfarm payrolls report scheduled for Friday to get an idea of the state of the U.S. labor market.</p><p>The median economist forecast suggests employment could rise by 725,000 in August, a slower pace than the previous two months but stronger than the increase at the start of the year.</p><p>The strong numbers will indicate that businesses are seeing more success in hiring after months of limited labor supply. But the risks associated with the Delta strain could mean weaker-than-expected nonfarm payroll data and complicate the Fed's timeline for tapering asset purchases.</p><p><a href=\"https://laohu8.com/S/BAC\">Bank of America</a>Economists released a report saying that \"the weakness in employment activity will be in line with other economic data that have softened since the Delta strain caused a surge in COVID case numbers.\" They expect non-farm payrolls to increase by 600,000 in August.</p><p>The economists said, \"If our jobs data forecasts come true, this level of weakness may be enough for the Fed to want to see more data before reducing the size.\"</p><p><img src=\"https://static.tigerbbs.com/ed416a15995e1ad932cd1130e95cb34f\" tg-width=\"550\" tg-height=\"344\" referrerpolicy=\"no-referrer\"></p><p><b>After facing antitrust investigations in many parts of the world<a href=\"https://laohu8.com/S/AAPL\">Apple</a>The company waives 30% commission fee for media applications</b></p><p>Apple will allow developers of some apps, such as Netflix, to link from its app store to external websites for users to make payments. The company, which generally charges a 30 percent commission on services and purchases made on the iPhone, has been investigated around the world in a concession from Apple.</p><p>Cupertino, Calif. -based Apple said the change will take effect worldwide for so-called reader apps starting early next year, including content such as magazines, newspapers, books, audio, music and video. The decision will settle an investigation by the Japanese Fair Trading Commission.</p><p>So far, Apple has forced such apps to use an in-app purchase system, paying Apple a commission of up to 30% for downloaded content and in-app subscriptions. The rule still applies to gaming apps and in-app purchases with the highest profit margins.</p><p><img src=\"https://static.tigerbbs.com/057e76e95f9c4e71488b21dae973e07a\" tg-width=\"550\" tg-height=\"309\" referrerpolicy=\"no-referrer\"></p><p><b>Chip Shortage Hits Auto Industry Ford's U.S. Car Sales Plunge 33% in August</b></p><p><a href=\"https://laohu8.com/S/F\">Ford Motor</a>The company said Thursday that U.S. vehicle sales plunged 33.1% last month from a year earlier as the ongoing global chip shortage wreaked havoc on the auto industry.</p><p><a href=\"https://laohu8.com/S/F\">Ford Motor</a>said the company sold 124,176 total U.S. vehicles in August, down 33.1% year over year, with truck sales down 29.4%, SUV sales down 25.3% and sedan sales down 86.0%.</p><p>August has traditionally been one of the higher months of the year for car sales, but a global chip shortage has sent auto inventory levels plummeting to record lows and new car and truck prices soaring.</p><p>Sales of nearly every model in Ford's lineup declined in the last month compared to last year. Most notably, Ford's best-selling F-Series pickup dropped 22.5% to 57,321 units.</p><p><img src=\"https://static.tigerbbs.com/8e39d28259c87b272af781a347156ae4\" tg-width=\"550\" tg-height=\"366\" referrerpolicy=\"no-referrer\"></p><p><b>Bridgewater hedge fund returns unsatisfactoryA California pension fund considers whether to divest</b></p><p>The $21 billion retirement fund in Orange County, California, is considering whether to withdraw money from Dalio's hedge fund, which has underperformed for much of the past 16 years.</p><p>Since 2005, the Orange County Employees Retirement Fund (OCERS) has returned 4.5% annualized on its investments in Bridgewater Pure Alpha Fund, about 2.5 percentage points below its benchmark level, according to a memo from superannuation adviser Meketa Investment Group. The strategy has exceeded the Orange County Retirement Fund's target only once in the past five years, and has lagged in both seven-and ten-year deadlines.</p><p>Molly Murphy, chief investment officer at OCERS, recommended putting Bridgewater Pure Alpha on the retirement fund's watch list. According to the aforementioned Aug. 25 memo, a group of Meketa's consultants agreed, adding that they would \"assess potential replacements if necessary\".</p><p>\"Typically, if an advisor recommends putting a fund on a client's watch list, there's a good chance it will also advise the same to other clients,\" said Brad Alford, head of advisor Alpha Capital Management, \"which can spell trouble for Bridgewater.\"</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://finance.sina.com.cn/stock/usstock/c/2021-09-03/doc-iktzqtyt3746933.shtml\">新浪财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/082208e3c37780dd55878056410ffa43","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","MS":"摩根士丹利"},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2021-09-03/doc-iktzqtyt3746933.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/b0d1b7e8843deea78cc308b15114de44","article_id":"2164782990","content_text":"全球财经媒体昨夜今晨共同关注的头条新闻主要有：\n\n1、摩根士丹利预计美国经济增长放缓集中在三季度 大砍GDP预期至2.9%\n\n\n2、沃顿商学院金融教授：美联储的失误或导致美股重大回调\n\n\n3、非农就业或显示德尔塔疫情影响 对美联储减码时间表影响重大\n\n\n4、在全球多地面临反垄断调查后 苹果公司免除媒体类应用30%的佣金费\n\n\n6、芯片短缺重创汽车行业 福特8月美国汽车销量骤降33%\n\n\n6、桥水对冲基金回报不如人意 加州一养老金考虑是否撤资\n\n\n摩根士丹利预计美国经济增长放缓集中在三季度 大砍GDP预期至2.9%\n摩根士丹利的经济学家表示，预计下半年经济增长放缓主要发生在第三季度，很大程度上因为刺激支出回收和持续的供应链问题。\n经济学家Ellen Zentner等人在周四的报告中表示，第三季度GDP增速目前跟踪在2.9%，远远低于之前的6.5%。\n他们写道：“美国经济正在脱离上半年的增速，因刺激支出和经济重开刺激的活动爆发冷却下来。”\n包括汽车在内的耐用品支出减少，正在拖累经济增长，且库存保持低位。8月份看到经济活动普遍下滑，因为通胀上升和德尔塔毒株蔓延拖累消费者信心。\n\n沃顿商学院金融教授：美联储的失误或导致美股重大回调\n沃顿商学院金融教授杰里米-西格尔（Jeremy Siegel）周四表示，他预计未来美国股市回报率将放缓，美联储的政策失误可能会导致美股的“下一次重大回调”。\n西格尔引用了华尔街的一句老话：市场“上楼走楼梯，下楼坐电梯”。\n“我们在上楼梯。我不知道电梯什么时候会来，但从某种意义上说，它看起来像是一种动量交易，市场只是每天都在上升一点点，但并没有真正的消息来推动，而且很多动量玩家都在堆积，”西格尔补充道。“我们以前有过这种情况。很难说这种情况什么时候结束。”\n西格尔表示，他认为股市大幅回调的催化剂是美联储突然改变疫情期间采取的高度宽松政策。\n西格尔数月来一直强调，美联储主席鲍威尔错误的以为通胀压力将是暂时的。西格尔认为，通胀的上升速度将超过美联储的预期。\n\n非农就业或显示德尔塔疫情影响 对美联储减码时间表影响重大\n随着美联储官员们热烈讨论今年晚些时候缩减债券购买，投资者将关注定于周五公布的非农就业报告，以了解美国劳动力市场状况。\n经济学家预测中值显示，8月就业人口可能增加72.5万，比前两个月的增速有所放缓，但强于今年年初的增幅。\n强劲的数据将表明，在持续数月有限的劳动力供应后，企业在招聘方面取得了更多成功。但与德尔塔毒株相关的风险可能意味着非农就业数据弱于预期，并使美联储缩减资产购买的时间表复杂化。\n美国银行经济学家发布报告称，“就业活动的疲软将与其他经济数据相符，这些经济数据自从德尔塔毒株导致新冠病例数激增以来已经走软。”他们预计8月非农就业人口增加60万。\n上述经济学家们表示，“如果我们的就业数据预测成真，这种疲软程度可能足以让美联储希望在减码前看到更多数据。”\n\n在全球多地面临反垄断调查后 苹果公司免除媒体类应用30%的佣金费\n苹果公司将允许Netflix等部分应用程序的开发商从其应用商店链接到外部网站，以供用户进行付款。该公司一般对iPhone上的服务和购买交易收取30%的佣金，进而在全球各地遭到调查，此举是苹果做出的一个让步。\n总部在加州Cupertino的苹果公司表示，这一变化将从明年初起在全球范围内对所谓的阅读器应用程序生效，包括杂志、报纸、书籍、音频、音乐和视频等内容。这一决定将解决日本公正交易委员会的调查。\n迄今为止，苹果一直迫使此类应用使用应用内购买系统，下载内容以及应用内订阅都需向苹果支付最高30%的佣金。该规定仍适用于利润率最高的游戏类应用和应用内购买。\n\n芯片短缺重创汽车行业 福特8月美国汽车销量骤降33%\n福特汽车周四表示，由于全球芯片持续短缺对汽车行业造成了严重破坏，该公司上个月在美国的汽车销量较上年同期骤降33.1%。\n福特汽车表示，该公司8月份美国汽车总销量为124176辆，同比下降33.1%，其中卡车销量下降29.4%，SUV销量下降25.3%，轿车销量下降86.0%。\n8月历来是一年中汽车销量较高的月份之一，但全球芯片短缺导致汽车库存水平暴跌至历史低点，新车和卡车价格飙升。\n与去年相比，福特产品线中几乎所有车型的销量在上个月都出现了下降。最值得注意的是，福特最畅销的F系列皮卡下降了22.5%，至57321辆。\n\n桥水对冲基金回报不如人意 加州一养老金考虑是否撤资\n加州橙县规模210亿美元的退休基金正在考虑是否从达利欧的对冲基金撤回资金，因后者在过去16年的大部分时间里表现不如人意。\n根据退休金顾问Meketa Investment Group的备忘录，自2005年以来，橙县雇员退休基金（OCERS）在桥水Pure Alpha基金的投资年化回报率为4.5%，比其基准水平低约2.5个百分点。该策略在过去五年中仅一次超过了橙县退休基金的目标，并且在七年和十年期限里都表现落后。\nOCERS的首席投资官Molly Murphy建议将桥水Pure Alpha列入该退休基金的观察名单。根据上述8月25日的备忘录，Meketa的一组顾问表示赞同，并补充说，他们将“在必要时评估潜在的替代者”。\n“通常情况下，如果一家顾问公司建议将一家基金列入一个客户的观察名单，那么它也很有可能对其他客户给出同样建议，”顾问公司Alpha Capital Management负责人Brad Alford表示，“这可能给桥水带来麻烦。”","news_type":1,"symbols_score_info":{".SPX":0.9,"MS":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":966,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9039856368,"gmtCreate":1646007587578,"gmtModify":1676534081130,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9039856368","repostId":"2214132600","repostType":4,"isVote":1,"tweetType":1,"viewCount":6804,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9006263030,"gmtCreate":1641769169427,"gmtModify":1676533645294,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"Haha","listText":"Haha","text":"Haha","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9006263030","repostId":"2201147402","repostType":4,"isVote":1,"tweetType":1,"viewCount":1353,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814829562,"gmtCreate":1630807304056,"gmtModify":1676530397446,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"Zan","listText":"Zan","text":"Zan","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/814829562","repostId":"1159579630","repostType":4,"repost":{"id":"1159579630","kind":"news","pubTimestamp":1630805949,"share":"https://ttm.financial/m/news/1159579630?lang=en_US&edition=fundamental","pubTime":"2021-09-05 09:39","market":"us","language":"zh","title":"Will the sharp drop in non-farm payrolls scare off the Federal Reserve?","url":"https://stock-news.laohu8.com/highlight/detail?id=1159579630","media":"兴业研究","summary":"北京时间9月3日晚，美国劳工部公布8月非农就业数据，8月非农就业人口增加23.5万人，大幅不及市场预期的73.3万人，创2021年1月以来最小增幅。事件：8月非农就业大幅不及预期\n北京时间9月3日晚，","content":"<p>On the evening of September 3, Beijing time, the U.S. Department of Labor released August non-farm payrolls data, showing that the non-farm payrolls increased by 235,000 in August, a significant miss the market expectation of 733,000, the smallest increase since January 2021.<img src=\"https://static.tigerbbs.com/5f2a5367c8d07ef8dc9b53c315d9058f\" tg-width=\"1080\" tg-height=\"1926\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Event: August non-farm payrolls fell significantly short of expectations.</p><p>On the evening of September 3, Beijing time, the U.S. Department of Labor released August non-farm payrolls data, showing that the non-farm payrolls increased by 235,000 in August, a significant miss the market expectation of 733,000, the smallest increase since January 2021. The unemployment rate of 5.2% was in line with market expectations and slightly lower than the previous value of 5.4%. Average hourly wages rose 4.3% year-on-year, higher than the expected 3.9% and the previous value of 4.1%. The labor force participation rate was 61.7%, unchanged from the previous value and lower than the expected 61.8%. Following the data release, the US Dollar Index shares experienced a short-term dip before narrowing their losses, while US Treasury yields initially fell before rising, with London gold breaking through $1,820 per ounce again.</p><p><img src=\"https://static.tigerbbs.com/60a9254922e805a0b840c4a2053f51d1\" tg-width=\"900\" tg-height=\"485\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>I. Analysis of August Non-Farm Payrolls</p><p>Since the August ADP employment figures released earlier this Wednesday were significantly lower than expected, the market has lowered its expectations for non-farm payrolls, but the final data is still very disappointing. Why was the non-farm payroll data so weak in August? In terms of industry distribution, since 2021, the leisure and hotel industries have been the absolute main contributors to employment, followed by professional and commercial services, education and healthcare. However, the leisure and hotel industries added zero jobs in August, and the contributions of other industries were negligible.</p><p><img src=\"https://static.tigerbbs.com/81ab82136bb97e0caafb0593409da6c0\" tg-width=\"900\" tg-height=\"293\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Furthermore, why did the number of employees in the leisure and hotel industries suddenly plummet to zero growth in August? From the demand side, this is partly due to the recent resurgence of the COVID-19 pandemic in the United States, coupled with the passing of the summer travel peak, which has affected the operation of the service industry, such as a decline in visits to retail and entertainment venues, as well as restaurant reservations. On the other hand, it may be because most Americans have no money to spend. The financial aid already distributed has been exhausted, and 26 states stopped distributing additional unemployment benefits in June and July, which has made the financial situation of the unemployed even worse. Following retaliatory consumption in the second quarter, both service and goods consumption weakened significantly in the third quarter, and the booming real estate market also cooled down, which is consistent with the sluggish employment situation in the service and construction sectors in August.</p><p><img src=\"https://static.tigerbbs.com/291e17c7fed595614996557f19a908b6\" tg-width=\"900\" tg-height=\"439\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/42085c9f669424576521a38015e76b0a\" tg-width=\"900\" tg-height=\"815\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>II. Strange Phenomena in the Labor Market</p><p>From the service sector supply side, the US labor market seems to be trapped in a vicious cycle: weaker consumption after the loss of fiscal aid has reduced labor demand (as mentioned earlier); However, substantial financial assistance has led to an increasing number of eligible people leaving the labor market, resulting in a persistent labor shortage. The strange phenomenon is that despite the dismal performance of service sector employment in August, the labor shortage in a large number of low- and mid-range service sectors remains at a historical high. One possible explanation is that additional unemployment benefits will cease after September 6, forcing a large number of eligible people back into the labor market. Faced with recent rapid wage increases, business owners are unwilling to increase hiring, instead choosing to wait for the labor market to return to equilibrium.</p><p><img src=\"https://static.tigerbbs.com/15a6f458a8f82385f64a0d599cab0db8\" tg-width=\"900\" tg-height=\"451\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/2ef1dcf7522b1d034347d54139c60236\" tg-width=\"900\" tg-height=\"820\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/f7e1c5abb32aea0044ac97c63c436d9a\" tg-width=\"900\" tg-height=\"700\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>III. How the Federal Reserve will respond</p><p>U.S. Treasury Secretary Janet Yellen does not believe that additional unemployment benefits negotiate employment motivation, and even encourages state and local governments to continue providing supplementary unemployment benefits using the remaining funds (approximately $350 billion) allocated to state and local governments under the \"American Rescue Plan\" from the previous fiscal stimulus package. Currently, about 11 million people are still applying for unemployment benefits. This means that if the full amount of $350 billion is used and the relief standard of $300 per week is maintained, it can be maintained for about six months. However, it remains unclear whether states will respond to Yellen's call. In June and July, 26 states suspended additional unemployment benefits to encourage the unemployed to return to the labor market. Therefore, the Federal Reserve has reason to continue observing whether the non-farm payroll data for September and October reflects an improvement in the labor market structure.</p><p>The deterioration in the monthly data is accidental and will not immediately shake the Federal Reserve's plan to implement Taper this year. From the perspective of the overall labor market, the current recovery momentum is still good, stronger than in 2013. Since the August data did not meet the Taper trigger condition of 800,000 new jobs proposed by several officials, there is a high probability that the Federal Reserve will continue to hold rates steady in September, or officially announce the Taper in November and implement it in December. the US Dollar Index is facing downward pressure in the short term, and the RMB is once again entering a window of opportunity to purchase foreign exchange. Weakening the US Dollar Index and expectations of Taper extending beyond September support commodity price and inflation expectations, which is beneficial for gold in the short term. With a surge in issuance of medium- and long-term US Treasury bonds in the fourth quarter, coupled with stable inflation expectations and persistent Taper expectations for the year, long-term US Treasury yields are expected to continue their rebound.</p><p><img src=\"https://static.tigerbbs.com/2878342f80668fa205e4b71bceb8d3af\" tg-width=\"900\" tg-height=\"802\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>","source":"lsy1588042834664","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Will the sharp drop in non-farm payrolls scare off 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\">\nWill the sharp drop in non-farm payrolls scare off the Federal Reserve?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">兴业研究</strong><span class=\"h-time small\">2021-09-05 09:39</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On the evening of September 3, Beijing time, the U.S. Department of Labor released August non-farm payrolls data, showing that the non-farm payrolls increased by 235,000 in August, a significant miss the market expectation of 733,000, the smallest increase since January 2021.<img src=\"https://static.tigerbbs.com/5f2a5367c8d07ef8dc9b53c315d9058f\" tg-width=\"1080\" tg-height=\"1926\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\">Event: August non-farm payrolls fell significantly short of expectations.</p><p>On the evening of September 3, Beijing time, the U.S. Department of Labor released August non-farm payrolls data, showing that the non-farm payrolls increased by 235,000 in August, a significant miss the market expectation of 733,000, the smallest increase since January 2021. The unemployment rate of 5.2% was in line with market expectations and slightly lower than the previous value of 5.4%. Average hourly wages rose 4.3% year-on-year, higher than the expected 3.9% and the previous value of 4.1%. The labor force participation rate was 61.7%, unchanged from the previous value and lower than the expected 61.8%. Following the data release, the US Dollar Index shares experienced a short-term dip before narrowing their losses, while US Treasury yields initially fell before rising, with London gold breaking through $1,820 per ounce again.</p><p><img src=\"https://static.tigerbbs.com/60a9254922e805a0b840c4a2053f51d1\" tg-width=\"900\" tg-height=\"485\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>I. Analysis of August Non-Farm Payrolls</p><p>Since the August ADP employment figures released earlier this Wednesday were significantly lower than expected, the market has lowered its expectations for non-farm payrolls, but the final data is still very disappointing. Why was the non-farm payroll data so weak in August? In terms of industry distribution, since 2021, the leisure and hotel industries have been the absolute main contributors to employment, followed by professional and commercial services, education and healthcare. However, the leisure and hotel industries added zero jobs in August, and the contributions of other industries were negligible.</p><p><img src=\"https://static.tigerbbs.com/81ab82136bb97e0caafb0593409da6c0\" tg-width=\"900\" tg-height=\"293\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>Furthermore, why did the number of employees in the leisure and hotel industries suddenly plummet to zero growth in August? From the demand side, this is partly due to the recent resurgence of the COVID-19 pandemic in the United States, coupled with the passing of the summer travel peak, which has affected the operation of the service industry, such as a decline in visits to retail and entertainment venues, as well as restaurant reservations. On the other hand, it may be because most Americans have no money to spend. The financial aid already distributed has been exhausted, and 26 states stopped distributing additional unemployment benefits in June and July, which has made the financial situation of the unemployed even worse. Following retaliatory consumption in the second quarter, both service and goods consumption weakened significantly in the third quarter, and the booming real estate market also cooled down, which is consistent with the sluggish employment situation in the service and construction sectors in August.</p><p><img src=\"https://static.tigerbbs.com/291e17c7fed595614996557f19a908b6\" tg-width=\"900\" tg-height=\"439\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/42085c9f669424576521a38015e76b0a\" tg-width=\"900\" tg-height=\"815\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>II. Strange Phenomena in the Labor Market</p><p>From the service sector supply side, the US labor market seems to be trapped in a vicious cycle: weaker consumption after the loss of fiscal aid has reduced labor demand (as mentioned earlier); However, substantial financial assistance has led to an increasing number of eligible people leaving the labor market, resulting in a persistent labor shortage. The strange phenomenon is that despite the dismal performance of service sector employment in August, the labor shortage in a large number of low- and mid-range service sectors remains at a historical high. One possible explanation is that additional unemployment benefits will cease after September 6, forcing a large number of eligible people back into the labor market. Faced with recent rapid wage increases, business owners are unwilling to increase hiring, instead choosing to wait for the labor market to return to equilibrium.</p><p><img src=\"https://static.tigerbbs.com/15a6f458a8f82385f64a0d599cab0db8\" tg-width=\"900\" tg-height=\"451\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/2ef1dcf7522b1d034347d54139c60236\" tg-width=\"900\" tg-height=\"820\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/f7e1c5abb32aea0044ac97c63c436d9a\" tg-width=\"900\" tg-height=\"700\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p><p>III. How the Federal Reserve will respond</p><p>U.S. Treasury Secretary Janet Yellen does not believe that additional unemployment benefits negotiate employment motivation, and even encourages state and local governments to continue providing supplementary unemployment benefits using the remaining funds (approximately $350 billion) allocated to state and local governments under the \"American Rescue Plan\" from the previous fiscal stimulus package. Currently, about 11 million people are still applying for unemployment benefits. This means that if the full amount of $350 billion is used and the relief standard of $300 per week is maintained, it can be maintained for about six months. However, it remains unclear whether states will respond to Yellen's call. In June and July, 26 states suspended additional unemployment benefits to encourage the unemployed to return to the labor market. Therefore, the Federal Reserve has reason to continue observing whether the non-farm payroll data for September and October reflects an improvement in the labor market structure.</p><p>The deterioration in the monthly data is accidental and will not immediately shake the Federal Reserve's plan to implement Taper this year. From the perspective of the overall labor market, the current recovery momentum is still good, stronger than in 2013. Since the August data did not meet the Taper trigger condition of 800,000 new jobs proposed by several officials, there is a high probability that the Federal Reserve will continue to hold rates steady in September, or officially announce the Taper in November and implement it in December. the US Dollar Index is facing downward pressure in the short term, and the RMB is once again entering a window of opportunity to purchase foreign exchange. Weakening the US Dollar Index and expectations of Taper extending beyond September support commodity price and inflation expectations, which is beneficial for gold in the short term. With a surge in issuance of medium- and long-term US Treasury bonds in the fourth quarter, coupled with stable inflation expectations and persistent Taper expectations for the year, long-term US Treasury yields are expected to continue their rebound.</p><p><img src=\"https://static.tigerbbs.com/2878342f80668fa205e4b71bceb8d3af\" tg-width=\"900\" tg-height=\"802\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.zhitongcaijing.com/content/detail/554426.html\">兴业研究</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f09c44f289c2f0d40610768fe6661fab","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.zhitongcaijing.com/content/detail/554426.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159579630","content_text":"北京时间9月3日晚，美国劳工部公布8月非农就业数据，8月非农就业人口增加23.5万人，大幅不及市场预期的73.3万人，创2021年1月以来最小增幅。事件：8月非农就业大幅不及预期\n北京时间9月3日晚，美国劳工部公布8月非农就业数据，8月非农就业人口增加23.5万人，大幅不及市场预期的73.3万人，创2021年1月以来最小增幅。失业率5.2%与市场预期持平，略低于前值5.4%。平均时薪同比上涨4.3%，高于预期的3.9%和前值4.1%。劳动参与率61.7%，与前值持平，低于预期的61.8%。数据公布后美元指数短线跳水后跌幅收窄，美债收益率先跌后涨，伦敦金再度突破1820美元/盎司。\n\n一、8月非农就业剖析\n由于本周三早先公布的8月ADP就业已经显著不及预期，市场已经降低了对于非农就业的期待，但最终数据仍然令人大跌眼镜。为何8月非农就业数据如此低迷?从行业分布看，2021年以来，休闲、酒店行业是贡献就业岗位的绝对主力，其次是专业和商业服务、教育和医疗健康等服务业。然而8月休闲、酒店业新增就业人数为0，其他行业的贡献杯水车薪。\n\n更进一步，为何8月休闲、酒店就业人数突然陷入0增长?从需求端而言，一方面是因为近期美国疫情复燃，加之夏季出行高峰过去，服务业运行受到影响，例如零售和娱乐地点访问、餐厅预订均有所下滑。另一方面可能是因为大多数美国人没有钱消费了。目前已发放的财政援助消耗殆尽，6、7月还有26个州停止发放额外失业救济，这让失业者的财务状况雪上加霜。在第二季度的报复性消费后，第三季度无论是服务消费还是商品消费都显著边际转弱，火爆的房地产市场也有所降温，与8月服务业、建筑业低迷的就业形势吻合。\n\n二、劳动力市场之怪现象\n从服务业供给端而言，美国劳动力市场似乎陷入某种怪圈：失去财政援助后消费走弱，使得劳动力需求减少(前文所述);但高额的财政援助又使得越来越多的适龄人口退出劳动力市场，用工缺口持续存在。目前的奇怪现象是，尽管8月服务业就业表现惨淡，但大量中低端服务业用工缺口仍在历史高位。一个可能的解释是，9月6日后额外失业救济将停发，大量适龄人口将被迫重返劳动力市场。面对近期薪资快速上涨，企业主并不愿意增加雇佣，而是选择等待劳动力市场重回平衡。\n\n三、美联储如何应对\n美国财长耶伦并不认为额外失业救济磋商了就业积极性，甚至鼓励州和地方政府动用此前财政刺激案中的“美国拯救计划(AmericanRescue Plan)”下发给州和地方政府的剩余资金(大约3500亿美元)继续发放补充失业救济。而目前约有1100万人仍在申领失业救济。这意味着如果全额动用3500亿美元且继续维持每周300美元的救济标准，尚可以继续维持约半年时间。不过目前尚不清楚各州是否会响应耶伦的号召，在6、7月已经有26个州停发额外失业救济，以推动失业者重返劳动力市场。因此，美联储有理由继续观察9月、10月的非农数据是否反映出劳动力市场结构的改善。\n单月数据的恶化具有偶然性，不会立刻动摇美联储年内实施Taper的计划。从劳动力市场全局看，目前复苏势头依然良好，比2013年更加强劲。由于8月数据未达到多位官员提出的新增就业80万人的Taper触发条件，美联储在9月继续按兵不动的几率较大，或在11月正式宣布、12月实施Taper。美元指数面临阶段性回落压力，人民币再度迎来购汇窗口期。美元指数走弱、Taper延至9月后的预期支撑商品价格和通胀预期，短线利好黄金。第四季度中长期美债发行量激增，叠加通胀预期持稳和年内Taper预期仍存，美债长端收益率有望延续反弹。","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1166,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805336437,"gmtCreate":1627860074029,"gmtModify":1703496549486,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"Zan","listText":"Zan","text":"Zan","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/805336437","repostId":"2156942164","repostType":4,"isVote":1,"tweetType":1,"viewCount":1194,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":107095501,"gmtCreate":1620432145403,"gmtModify":1704343534322,"author":{"id":"3575508103712478","authorId":"3575508103712478","name":"SP2021","avatar":"https://static.tigerbbs.com/bb4b05cedc2864e9c2d8796bb319f4bb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575508103712478","idStr":"3575508103712478"},"themes":[],"title":"","htmlText":"Agree","listText":"Agree","text":"Agree","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/107095501","repostId":"2133157839","repostType":4,"isVote":1,"tweetType":1,"viewCount":1186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}