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2022-08-05

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Meta's First-Ever Corporate Bond Deal Sees $30 Billion in Demand Despite Zuckerberg's Gloomy Warning

2022-08-05

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2022-07-20

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How to Trade Options in a Bear Market: Retired Math Teacher

2021-02-23

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The market is getting nervous about Powell’s testimony this week

2021-02-20

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Goldman Sachs is joining the robo-investing party — should you?

2021-02-19

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2021-02-19

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2021-02-17

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Is This Oil Rally The Start Of Something Much Bigger?

2021-02-17

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What signals the top of a bull market in stocks? Not rising interest rates

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Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1659699577,"share":"https://ttm.financial/m/news/2257186328?lang=&edition=fundamental","pubTime":"2022-08-05 19:39","market":"us","language":"en","title":"Meta's First-Ever Corporate Bond Deal Sees $30 Billion in Demand Despite Zuckerberg's Gloomy Warning","url":"https://stock-news.laohu8.com/highlight/detail?id=2257186328","media":"Dow Jones","summary":"Corporate bond investors appeared pretty bullish on the metaverse on Thursday, or at least about dig","content":"<html><head></head><body><p>Corporate bond investors appeared pretty bullish on the metaverse on Thursday, or at least about digital advertising.</p><p><a href=\"https://laohu8.com/S/META\">Meta Platforms</a> Inc., the parent of Facebook, on Thursday saw roughly $30 billion in demand for its $10 billion debut, four-part U.S. corporate bond deal, according to a person with knowledge of the dealings and Informa Global Markets.</p><p>That&#39;s a big deal. While Meta reported its first-ever drop in revenue in the second-quarter, investment bankers still were able to pull in price talk on each class of A1 to AA- rated bonds from the social-media giant.</p><p>That all but assured Meta, which also has Instagram and What&#39;s App under its umbrella, secures cheaper debt than was proposed only a few hours ago.</p><p>Meta didn&#39;t immediately respond to a request for comment.</p><p>Specifically, pricing on the company&#39;s five-year class was expected at 75 basis points above the risk-free Treasury rate, down from an initial range of 90 basis points, according to Informa Global Markets.</p><p>The 10-year class was expected to price at 115 basis points above the  benchmark. That would represent a premium to the roughly 86 basis point spread on similar 3.6% coupon bonds trading on Thursday from retail giant Amazon, according to BondCliq data.</p><p>Early last week, the parent company of Facebook reported second-quarter earnings of $6.69 billion, or $2.46 a share, down from $3.61 a share last year, on sales of $28.82 billion, down from $29.08 billion a year ago.</p><p>&#34;We seem to have entered an economic downturn that will have a broad impact on the digital advertising business,&#34; Meta Chief Executive Mark Zuckerberg said in a conference call after the results were dropped</p><p>Not everyone was feeling as bullish about the new Meta bond deal. &#34;While Meta has built a commanding ecosystem of apps and is investing heavily in the metaverse for the future (which may or may not be successful), we don&#39;t believe the company&#39;s economic moat is nearly as strong as that of Amazon,&#34; wrote CreditSights analysts on Thursday, about the bond offering.</p><p>The team said it sees difficulties with a social-media platform trying to &#34;replicate Amazon&#39;s <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a> e-commerce/logistics or cloud computing business.&#34;</p><p>&#34;We&#39;re not saying Meta will go the way of Myspace, although we do believe its business is relatively more vulnerable to new entrants and changing user preferences.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Meta's First-Ever Corporate Bond Deal Sees $30 Billion in Demand Despite Zuckerberg's Gloomy Warning</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; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMeta's First-Ever Corporate Bond Deal Sees $30 Billion in Demand Despite Zuckerberg's Gloomy Warning\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-08-05 19:39</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Corporate bond investors appeared pretty bullish on the metaverse on Thursday, or at least about digital advertising.</p><p><a href=\"https://laohu8.com/S/META\">Meta Platforms</a> Inc., the parent of Facebook, on Thursday saw roughly $30 billion in demand for its $10 billion debut, four-part U.S. corporate bond deal, according to a person with knowledge of the dealings and Informa Global Markets.</p><p>That&#39;s a big deal. While Meta reported its first-ever drop in revenue in the second-quarter, investment bankers still were able to pull in price talk on each class of A1 to AA- rated bonds from the social-media giant.</p><p>That all but assured Meta, which also has Instagram and What&#39;s App under its umbrella, secures cheaper debt than was proposed only a few hours ago.</p><p>Meta didn&#39;t immediately respond to a request for comment.</p><p>Specifically, pricing on the company&#39;s five-year class was expected at 75 basis points above the risk-free Treasury rate, down from an initial range of 90 basis points, according to Informa Global Markets.</p><p>The 10-year class was expected to price at 115 basis points above the  benchmark. That would represent a premium to the roughly 86 basis point spread on similar 3.6% coupon bonds trading on Thursday from retail giant Amazon, according to BondCliq data.</p><p>Early last week, the parent company of Facebook reported second-quarter earnings of $6.69 billion, or $2.46 a share, down from $3.61 a share last year, on sales of $28.82 billion, down from $29.08 billion a year ago.</p><p>&#34;We seem to have entered an economic downturn that will have a broad impact on the digital advertising business,&#34; Meta Chief Executive Mark Zuckerberg said in a conference call after the results were dropped</p><p>Not everyone was feeling as bullish about the new Meta bond deal. &#34;While Meta has built a commanding ecosystem of apps and is investing heavily in the metaverse for the future (which may or may not be successful), we don&#39;t believe the company&#39;s economic moat is nearly as strong as that of Amazon,&#34; wrote CreditSights analysts on Thursday, about the bond offering.</p><p>The team said it sees difficulties with a social-media platform trying to &#34;replicate Amazon&#39;s <a href=\"https://laohu8.com/S/AMZN\">$(AMZN)$</a> e-commerce/logistics or cloud computing business.&#34;</p><p>&#34;We&#39;re not saying Meta will go the way of Myspace, although we do believe its business is relatively more vulnerable to new entrants and changing user preferences.&#34;</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"META":"Meta Platforms, Inc."},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2257186328","content_text":"Corporate bond investors appeared pretty bullish on the metaverse on Thursday, or at least about digital advertising.Meta Platforms Inc., the parent of Facebook, on Thursday saw roughly $30 billion in demand for its $10 billion debut, four-part U.S. corporate bond deal, according to a person with knowledge of the dealings and Informa Global Markets.That's a big deal. While Meta reported its first-ever drop in revenue in the second-quarter, investment bankers still were able to pull in price talk on each class of A1 to AA- rated bonds from the social-media giant.That all but assured Meta, which also has Instagram and What's App under its umbrella, secures cheaper debt than was proposed only a few hours ago.Meta didn't immediately respond to a request for comment.Specifically, pricing on the company's five-year class was expected at 75 basis points above the risk-free Treasury rate, down from an initial range of 90 basis points, according to Informa Global Markets.The 10-year class was expected to price at 115 basis points above the  benchmark. That would represent a premium to the roughly 86 basis point spread on similar 3.6% coupon bonds trading on Thursday from retail giant Amazon, according to BondCliq data.Early last week, the parent company of Facebook reported second-quarter earnings of $6.69 billion, or $2.46 a share, down from $3.61 a share last year, on sales of $28.82 billion, down from $29.08 billion a year ago.\"We seem to have entered an economic downturn that will have a broad impact on the digital advertising business,\" Meta Chief Executive Mark Zuckerberg said in a conference call after the results were droppedNot everyone was feeling as bullish about the new Meta bond deal. \"While Meta has built a commanding ecosystem of apps and is investing heavily in the metaverse for the future (which may or may not be successful), we don't believe the company's economic moat is nearly as strong as that of Amazon,\" wrote CreditSights analysts on Thursday, about the bond offering.The team said it sees difficulties with a social-media platform trying to \"replicate Amazon's $(AMZN)$ e-commerce/logistics or cloud computing business.\"\"We're not saying Meta will go the way of Myspace, although we do believe its business is relatively more vulnerable to new entrants and changing user preferences.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":467,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9902238730,"gmtCreate":1659704792223,"gmtModify":1704801840125,"author":{"id":"3575683522809139","authorId":"3575683522809139","name":"ScarletK","avatar":"https://static.tigerbbs.com/5868eef6300d2210b1f895f1ce46e725","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575683522809139","authorIdStr":"3575683522809139"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9902238730","repostId":"2257985881","repostType":4,"isVote":1,"tweetType":1,"viewCount":317,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9075477191,"gmtCreate":1658253766513,"gmtModify":1676536128410,"author":{"id":"3575683522809139","authorId":"3575683522809139","name":"ScarletK","avatar":"https://static.tigerbbs.com/5868eef6300d2210b1f895f1ce46e725","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575683522809139","authorIdStr":"3575683522809139"},"themes":[],"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/9075477191","repostId":"1185506686","repostType":4,"repost":{"id":"1185506686","kind":"news","pubTimestamp":1658216005,"share":"https://ttm.financial/m/news/1185506686?lang=&edition=fundamental","pubTime":"2022-07-19 15:33","market":"us","language":"en","title":"How to Trade Options in a Bear Market: Retired Math Teacher","url":"https://stock-news.laohu8.com/highlight/detail?id=1185506686","media":"Business Insider","summary":"Steve Chen was options trading covered calls and LEAPS options in neutral and bullish markets.This y","content":"<html><head></head><body><ul><li>Steve Chen was options trading covered calls and LEAPS options in neutral and bullish markets.</li><li>This year, he pivoted to bear call spreads because the market became bullish.</li><li>It allows him to earn premiums and some capital gains without buying the underlying stocks.</li></ul><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5787b4d8beaf64c2401f662b3fb1ff2c\" tg-width=\"1300\" tg-height=\"975\" referrerpolicy=\"no-referrer\"/><span>Steve Chen became financially free at the age of 33. Steve Chen</span></p><p>Steve Chen spent his career as a middle-school math teacher until he retired from the job at the early age of 33 in February 2020.</p><p>He hadn&#39;t initially planned to leave that early. However, after landing his first $5,000 paycheck and seeing what he was left with after all the deductions were made, he realized he needed to find additional income streams.</p><p>One key takeaway he had after reading examples of others retiring early was that investing every month was a key factor in growing wealth. So he opened a brokerage account and began by simply investing in companies he was familiar with and broad-market exchange-traded funds such as Vanguard 500 (VOO), which tracks the S&amp;P 500.</p><p>As Chen became more familiar with investing by watching YouTube videos and reading blogs, he began to explore options trading, which took off for him in 2020.</p><p>By 2021, between his retirement and brokerage accounts, he had a net profit of $76,925.88 from options trading, according to records viewed by Insider. Chen estimates that about 5% came from dividends paid by the underlying stocks he had call options on, 10% from capital gains from selling the call options, and the remainder came from premiums.</p><p>He&#39;s now the founder of Call To Leap, a website that teaches financial education around saving and investing, including options trading, for a fee.</p><p>Throughout 2020 and 2021, Chen mainly focused on selling covered calls, an options trade where he purchased shares of a stock and then sold a contract that gave the rights to another trader to purchase those shares at a certain price by a certain date. In exchange, he received a premium for that contract. Most of the time, Chen&#39;s shares weren&#39;t purchased away. This strategy not only allowed him to own stocks that appreciated over time, but also collect a fee on the call option.</p><p>He was also purchasing LEAPS, longer-term options contracts of one year or more that gave him the right to purchase shares away from another trader.</p><p>Covered calls were more profitable when the stock market was trending either neutral or bullish because the value of the underlying stock was increasing. Chen could put his shares to work by collecting premiums and if sold, also collecting capital gains.</p><p>LEAPS were highly profitable for him during the bull market that engulfed most of 2020 and 2021 because they enabled him to hold the rights to purchase shares at a designated price in the future. Since share prices were rising rapidly and faster than the contract decayed, he often didn&#39;t buy the shares but resold that contract at a higher value for a profit.</p><p>This year, stock investors haven&#39;t been as bullish. Year-to-date, the S&amp;P 500 has tumbled by about 19% and the Dow by about 14%.</p><p>Chen told Insider he noticed the downtrend on January 18, after the support line in the S&amp;P 500&#39;s technical chart broke, indicating a reversal pattern to a downward trend. He was also aware that the Federal Reserve was planning on raising interest rates to combat rising inflation. This meant that the downward trend could be strung out.</p><p>These two factors led him to pivot his options strategy to set up what&#39;s known as bear call spreads. This is an advanced options trade that is more ideal in a bear market because it allows a trader to profit from a falling stock price and the time decay of the contract without the risk of incurring unrealized losses due to the falling price of the underlying stock. This is because Chen doesn&#39;t need to actually buy the shares he&#39;s placing under contract.</p><p>Chen says the strategy isn&#39;t for everybody. This approach is for traders who have already been options trading in bullish and neutral markets and want to pivot to doing it in a bear market. Additionally, users often won&#39;t have access to this option in their brokerage account if they haven&#39;t been trading more basic options.</p><p><b>Setting up bear call spreads</b></p><p>Setting up a bear call spread requires two main steps.</p><p>First, Chen needs to buy an out-of-the-money call option, which will act as a proxy for the shares he plans to sell under contract. He needs to do this because brokerages often won&#39;t allow traders to sell a call option contract unless they can cover themselves. Since Chen doesn&#39;t want to buy the actual shares, he purchases a covered call for the same number of shares he plans on selling. The strike price, which is the price he agrees to pay, is out-of-the-money because it&#39;s above the stock price.</p><p>In reality, he has no intention of executing this contract because it has a high strike price. Yet he chooses it because it has a lower premium.</p><p>Once he&#39;s covered, he sells a different out-of-the-money call option that matches the number of shares and expiry date from the call option he purchased. This time, he sets a strike price that would earn him a premium higher than the purchased contract.</p><p>In the event that the trader who purchased Chen&#39;s call option decides to exercise the contract and take possession of the shares, Chen would need to purchase those shares to deliver on the contract. To avoid being in a position where he overpays for the stock, he sets up a third step, which is a buy stop order slightly below the strike price of the call option he sold. Traders who don&#39;t take this third step would have to purchase the shares at market value and risk incurring a realized loss.</p><p>&#34;My intention is to not let the stock [price] surpass my sold call option contract strike [price],&#34; Chen said.</p><p>One example of him setting up a bear call spread was on June 26, when he bought four call options for AMD with a strike price of $150 that expired on July 15. At the time, AMD was trading at around $87. The contracts cost him $82.64. Once he established his proxy, he sold four call options of AMD at a strike price of $125. The premium he earned on that contract was $525.34.</p><p>He then set up a buy stop order at a share price of $124. This way, if his shares were called away, he&#39;d sell them with a capital gain of $1 on each share for a total of $400. However, in this instance, Chen kept his shares. Therefore, after deducting the cost of the call order he purchased, his total profit from the premium was $442.70, according to records viewed by Insider. In the event his buy order was executed appropriately and his shares were also sold, he could have had a total profit of $842.70.</p><p>Chen will also reduce his risk by purchasing his call option back when the contract loses 50% to 80% of its value. This allows him to pay less than what he initially sold the call option for and close the contract. In turn, reducing the number of days he&#39;s at risk. He sets expiration dates that range from 30 to 45 days out.</p><p>Chen teaches his students to pick expiration dates two to five weeks out because that&#39;s when the theta decay, which is the rate of decline in the value of the contract over time, is fastest, while the premium collected is optimal. The goal is to get both options to expire worthless as fast as possible during a downward trend.</p><p><b>Risks</b></p><p>One of the main risks Chen considers when setting up the options trade is the possibility of a buy stop order not executing. This could happen if the stock&#39;s price moves up too quickly. To avoid this, he will set up a buy stop market order rather than a buy stop limit order. The former will purchase the shares once it surpasses the set price even if it&#39;s slightly above. On the other end, the latter will only execute a buy order at exactly the set price.</p><p>While his risk is reduced, he may end up paying slightly over the price he intended. So far this incident has only happened to him once when Nike&#39;s (NKE) stock price shot up in September of 2020. Chen told Insider that by the time the buy order was executed, it was above his contract&#39;s strike price. Therefore, he purchased the shares at a higher price than what he sold them for.</p><p>The second risk happens when a buy order executes while the stock&#39;s price is rising but then the price drops before the trader decides to purchase his shares away. This could leave Chen with an unrealized loss.</p><p>For example, in 2020, Chen recalls setting up a bear call spread on AMD. The buy stop ordered was triggered but the shares were not purchased away from him. He was left with AMD shares that didn&#39;t move up in value. To mitigate his losses, he converted the trade into a covered call and kept collecting premiums on it until the shares were called away, sending him into a net positive.</p><p><b>3 criteria for picking the underlying stocks</b></p><p>In the event Chen ends up with an executed buy stop order but the shares aren&#39;t sold, he wants to ensure he&#39;s still holding stocks that have a higher probability of appreciating in the long term. Therefore, he sticks to what he believes are quality stocks.</p><ol><li>He picks stocks that are in the S&amp;P 500 or the Dow Jones Industrial Average because there is more institutional involvement and they have a higher probability of increasing in the long term.</li><li>He picks companies with strong fundamentals, which include consistent revenue growth and selling high-demand products or services.</li><li>The company&#39;s historical stock chart has a strong upward trend, especially over the past five years.</li></ol></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>How to Trade Options in a Bear Market: Retired Math Teacher</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHow to Trade Options in a Bear Market: Retired Math Teacher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-19 15:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businessinsider.com/how-to-trade-options-in-bear-market-stocks-strategy-risks-2022-7><strong>Business Insider</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Steve Chen was options trading covered calls and LEAPS options in neutral and bullish markets.This year, he pivoted to bear call spreads because the market became bullish.It allows him to earn ...</p>\n\n<a href=\"https://www.businessinsider.com/how-to-trade-options-in-bear-market-stocks-strategy-risks-2022-7\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.businessinsider.com/how-to-trade-options-in-bear-market-stocks-strategy-risks-2022-7","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185506686","content_text":"Steve Chen was options trading covered calls and LEAPS options in neutral and bullish markets.This year, he pivoted to bear call spreads because the market became bullish.It allows him to earn premiums and some capital gains without buying the underlying stocks.Steve Chen became financially free at the age of 33. Steve ChenSteve Chen spent his career as a middle-school math teacher until he retired from the job at the early age of 33 in February 2020.He hadn't initially planned to leave that early. However, after landing his first $5,000 paycheck and seeing what he was left with after all the deductions were made, he realized he needed to find additional income streams.One key takeaway he had after reading examples of others retiring early was that investing every month was a key factor in growing wealth. So he opened a brokerage account and began by simply investing in companies he was familiar with and broad-market exchange-traded funds such as Vanguard 500 (VOO), which tracks the S&P 500.As Chen became more familiar with investing by watching YouTube videos and reading blogs, he began to explore options trading, which took off for him in 2020.By 2021, between his retirement and brokerage accounts, he had a net profit of $76,925.88 from options trading, according to records viewed by Insider. Chen estimates that about 5% came from dividends paid by the underlying stocks he had call options on, 10% from capital gains from selling the call options, and the remainder came from premiums.He's now the founder of Call To Leap, a website that teaches financial education around saving and investing, including options trading, for a fee.Throughout 2020 and 2021, Chen mainly focused on selling covered calls, an options trade where he purchased shares of a stock and then sold a contract that gave the rights to another trader to purchase those shares at a certain price by a certain date. In exchange, he received a premium for that contract. Most of the time, Chen's shares weren't purchased away. This strategy not only allowed him to own stocks that appreciated over time, but also collect a fee on the call option.He was also purchasing LEAPS, longer-term options contracts of one year or more that gave him the right to purchase shares away from another trader.Covered calls were more profitable when the stock market was trending either neutral or bullish because the value of the underlying stock was increasing. Chen could put his shares to work by collecting premiums and if sold, also collecting capital gains.LEAPS were highly profitable for him during the bull market that engulfed most of 2020 and 2021 because they enabled him to hold the rights to purchase shares at a designated price in the future. Since share prices were rising rapidly and faster than the contract decayed, he often didn't buy the shares but resold that contract at a higher value for a profit.This year, stock investors haven't been as bullish. Year-to-date, the S&P 500 has tumbled by about 19% and the Dow by about 14%.Chen told Insider he noticed the downtrend on January 18, after the support line in the S&P 500's technical chart broke, indicating a reversal pattern to a downward trend. He was also aware that the Federal Reserve was planning on raising interest rates to combat rising inflation. This meant that the downward trend could be strung out.These two factors led him to pivot his options strategy to set up what's known as bear call spreads. This is an advanced options trade that is more ideal in a bear market because it allows a trader to profit from a falling stock price and the time decay of the contract without the risk of incurring unrealized losses due to the falling price of the underlying stock. This is because Chen doesn't need to actually buy the shares he's placing under contract.Chen says the strategy isn't for everybody. This approach is for traders who have already been options trading in bullish and neutral markets and want to pivot to doing it in a bear market. Additionally, users often won't have access to this option in their brokerage account if they haven't been trading more basic options.Setting up bear call spreadsSetting up a bear call spread requires two main steps.First, Chen needs to buy an out-of-the-money call option, which will act as a proxy for the shares he plans to sell under contract. He needs to do this because brokerages often won't allow traders to sell a call option contract unless they can cover themselves. Since Chen doesn't want to buy the actual shares, he purchases a covered call for the same number of shares he plans on selling. The strike price, which is the price he agrees to pay, is out-of-the-money because it's above the stock price.In reality, he has no intention of executing this contract because it has a high strike price. Yet he chooses it because it has a lower premium.Once he's covered, he sells a different out-of-the-money call option that matches the number of shares and expiry date from the call option he purchased. This time, he sets a strike price that would earn him a premium higher than the purchased contract.In the event that the trader who purchased Chen's call option decides to exercise the contract and take possession of the shares, Chen would need to purchase those shares to deliver on the contract. To avoid being in a position where he overpays for the stock, he sets up a third step, which is a buy stop order slightly below the strike price of the call option he sold. Traders who don't take this third step would have to purchase the shares at market value and risk incurring a realized loss.\"My intention is to not let the stock [price] surpass my sold call option contract strike [price],\" Chen said.One example of him setting up a bear call spread was on June 26, when he bought four call options for AMD with a strike price of $150 that expired on July 15. At the time, AMD was trading at around $87. The contracts cost him $82.64. Once he established his proxy, he sold four call options of AMD at a strike price of $125. The premium he earned on that contract was $525.34.He then set up a buy stop order at a share price of $124. This way, if his shares were called away, he'd sell them with a capital gain of $1 on each share for a total of $400. However, in this instance, Chen kept his shares. Therefore, after deducting the cost of the call order he purchased, his total profit from the premium was $442.70, according to records viewed by Insider. In the event his buy order was executed appropriately and his shares were also sold, he could have had a total profit of $842.70.Chen will also reduce his risk by purchasing his call option back when the contract loses 50% to 80% of its value. This allows him to pay less than what he initially sold the call option for and close the contract. In turn, reducing the number of days he's at risk. He sets expiration dates that range from 30 to 45 days out.Chen teaches his students to pick expiration dates two to five weeks out because that's when the theta decay, which is the rate of decline in the value of the contract over time, is fastest, while the premium collected is optimal. The goal is to get both options to expire worthless as fast as possible during a downward trend.RisksOne of the main risks Chen considers when setting up the options trade is the possibility of a buy stop order not executing. This could happen if the stock's price moves up too quickly. To avoid this, he will set up a buy stop market order rather than a buy stop limit order. The former will purchase the shares once it surpasses the set price even if it's slightly above. On the other end, the latter will only execute a buy order at exactly the set price.While his risk is reduced, he may end up paying slightly over the price he intended. So far this incident has only happened to him once when Nike's (NKE) stock price shot up in September of 2020. Chen told Insider that by the time the buy order was executed, it was above his contract's strike price. Therefore, he purchased the shares at a higher price than what he sold them for.The second risk happens when a buy order executes while the stock's price is rising but then the price drops before the trader decides to purchase his shares away. This could leave Chen with an unrealized loss.For example, in 2020, Chen recalls setting up a bear call spread on AMD. The buy stop ordered was triggered but the shares were not purchased away from him. He was left with AMD shares that didn't move up in value. To mitigate his losses, he converted the trade into a covered call and kept collecting premiums on it until the shares were called away, sending him into a net positive.3 criteria for picking the underlying stocksIn the event Chen ends up with an executed buy stop order but the shares aren't sold, he wants to ensure he's still holding stocks that have a higher probability of appreciating in the long term. Therefore, he sticks to what he believes are quality stocks.He picks stocks that are in the S&P 500 or the Dow Jones Industrial Average because there is more institutional involvement and they have a higher probability of increasing in the long term.He picks companies with strong fundamentals, which include consistent revenue growth and selling high-demand products or services.The company's historical stock chart has a strong upward trend, especially over the past five years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":356,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363904074,"gmtCreate":1614089075998,"gmtModify":1704887935192,"author":{"id":"3575683522809139","authorId":"3575683522809139","name":"ScarletK","avatar":"https://static.tigerbbs.com/5868eef6300d2210b1f895f1ce46e725","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575683522809139","authorIdStr":"3575683522809139"},"themes":[],"htmlText":"Nervous","listText":"Nervous","text":"Nervous","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/363904074","repostId":"1198320495","repostType":4,"repost":{"id":"1198320495","kind":"news","pubTimestamp":1614087585,"share":"https://ttm.financial/m/news/1198320495?lang=&edition=fundamental","pubTime":"2021-02-23 21:39","market":"us","language":"en","title":"The market is getting nervous about Powell’s testimony this week","url":"https://stock-news.laohu8.com/highlight/detail?id=1198320495","media":"cnbc","summary":"Federal Reserve Chairman Jerome Powell speaks twice to Congress this week as part of mandated semiannual testimony.Normally nonevents for the market, the central bank leader’s comments will be viewed closely this week for how he views this year’s run-up in bond yields.Investors worry that too quick of a rise might force the Fed to tighten policy too quickly, while a complacent Fed also would pose overheating risks.Rising bond yields and accompanying inflation fears are adding a level of drama to","content":"<div>\n<p>KEY POINTSFederal Reserve Chairman Jerome Powell speaks twice to Congress this week as part of mandated semiannual testimony.Normally nonevents for the market, the central bank leader’s comments will ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/22/market-nervousness-growing-over-powells-testimony-to-congress-this-week.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The market is getting nervous about Powell’s testimony this week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe market is getting nervous about Powell’s testimony this week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-23 21:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/22/market-nervousness-growing-over-powells-testimony-to-congress-this-week.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSFederal Reserve Chairman Jerome Powell speaks twice to Congress this week as part of mandated semiannual testimony.Normally nonevents for the market, the central bank leader’s comments will ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/22/market-nervousness-growing-over-powells-testimony-to-congress-this-week.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.cnbc.com/2021/02/22/market-nervousness-growing-over-powells-testimony-to-congress-this-week.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1198320495","content_text":"KEY POINTSFederal Reserve Chairman Jerome Powell speaks twice to Congress this week as part of mandated semiannual testimony.Normally nonevents for the market, the central bank leader’s comments will be viewed closely this week for how he views this year’s run-up in bond yields.Investors worry that too quick of a rise might force the Fed to tighten policy too quickly, while a complacent Fed also would pose overheating risks.Rising bond yields and accompanying inflation fears are adding a level of drama to Federal Reserve Chairman Jerome Powell’s appearance this week before Congress.The central bank chair is slated to address Senate and House panels on successive days as part of mandated semiannual updates on monetary policy.Normally routine affairs, recent financial market tumult and concerns about how the Fed may react have investors paying a bit more close attention than usual to the hearings scheduled for Tuesday and Wednesday.“This is one of the more interesting episodes in which a Fed chair has had to testify,” said Nathan Sheets, chief economist at PGIM Fixed Income. “Sometimes we say, ‘ho hum, no news.’ This is going to be news. He’s really caught between a rock and a hard place.”What’s got the market’s attention recently has been a pickup in government bond yields, particularly further out on the curve.While the 2-year is unchanged for 2021, the 5-year has risen nearly a quarter percentage point as of Friday’s market close while the benchmark 10-year note has seen its yield jump 41 basis points to 1.34%, an area where it hasn’t been since around the same time in 2020, before the worst of the pandemic struck.The 30-year bond yield has surged even more, leaping nearly half a point this year to 2.14%.Powell’s dilemma is this: Rising bond yields could be signaling the reflation of the economy that the Fed has been pushing and are therefore higher for good reasons. However, should the trend get out of control, the Fed then might have to tighten policy faster than the market expects, offsetting some of the good that has come with the burst in yields.Complicating the matter is that markets also might not like it if Powell is overly complacent.“If this testimony was behind closed doors, I think Jay Powell would be quite pleased with what he sees in the economy and the markets,” Sheets said, using the Fed chair’s nickname. “But given that it’s public, he’s got to be careful. If he’s too sanguine about the rise in rates, the markets are going to take that as a significant green light for rates to rip higher.”“The Fed is comfortable with an organic rise in rates reflecting shifts in views on growth and inflation,” he added. “But I think the Fed also wants to be careful that it doesn’t create and amplify a self-sustaining dynamic that pushes rates higher for other reasons.”Those “other reasons” primarily would be fears that the economy could overheat.Stimulus and more stimulusThe Fed has run historically loose policy for the past year, dropping its benchmark borrowing rate to near zero and buying at least $120 billion of bonds each month. That’s on top of a series of since-expired lending and liquidity programs implemented in the early days of the Covid-19 crisis.Along with that, Congress has come in with more than $3 trillion of fiscal stimulus and could approve up to $1.9 trillion more by the end of week.All that has transpired amid an economy that, besides a still-troubling employment problem primarily in the service sector, is humming. Wall Street is taking up first-quarter growth expectations and market-based indicators of inflation are rising.That’s why Powell’s tightrope walk this week will be all the more compelling.“The market mood has changed,”Mohamed El-Erian, chief economic advisor at Allianz, said Monday on CNBC’s “Squawk Box.” It’s no longer whether yields are going higher, it’s when is the move too big. That’s what the market’s trying to figure out.”Investors are particularly concerned whether all the stimulus isn’t going overboard and threatening to destabilize the economy over the longer run.“I can predict that the yellow lights are flashing all over the Fed because of the [yields] move and the steepening of the yield curve, and the Fed may do more to try to control yields,” El-Erian said.Fed officials have largely dismissed so-called yield curve control to use its bond purchasing power to control rates between various fixed income maturities.But the market could force the Fed’s hand, and Powell is likely to get asked about where he stands on what tools the Fed has to calm market issues. He has repeatedly stressed that the central bank has the weapons to control inflation, but deploying those comes with a price. Markets used to low yields and companies accustomed to cheap borrowing costs could get rattled by an unexpected Fed move.Evidence of how clearly the market is watching the issue came Monday morning, when European Central Bank President Christine Lagarde said she is “closely monitoring the evolution of longer-term nominal bond yields.” Her words were enough to calm a jittery market and turn what had been an opening loss on Wall Street into a mixed market with the Dow up in early afternoon trading. Treasury yields were mostly flat on the day.Tom Lee, managing partner and head of research at Fundstrat Global Advisors, noted that his “clients have already expressed some apprehension about this week. Part of this reflects the fact that bond yields have been steadily rising and equity investors are nervous that the bond market might reach some sort of ‘breaking point’” during Powell’s testimony.Powell speaks Tuesday before the Senate Finance Committee then Wednesday to the House Financial Services Committee.","news_type":1},"isVote":1,"tweetType":1,"viewCount":304,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387554062,"gmtCreate":1613759219956,"gmtModify":1704884783839,"author":{"id":"3575683522809139","authorId":"3575683522809139","name":"ScarletK","avatar":"https://static.tigerbbs.com/5868eef6300d2210b1f895f1ce46e725","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575683522809139","authorIdStr":"3575683522809139"},"themes":[],"htmlText":"yes","listText":"yes","text":"yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/387554062","repostId":"1161529893","repostType":4,"repost":{"id":"1161529893","kind":"news","pubTimestamp":1613733842,"share":"https://ttm.financial/m/news/1161529893?lang=&edition=fundamental","pubTime":"2021-02-19 19:24","market":"us","language":"en","title":"Goldman Sachs is joining the robo-investing party — should you?","url":"https://stock-news.laohu8.com/highlight/detail?id=1161529893","media":"Marketwatch","summary":"‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.Robo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.Now anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by so","content":"<blockquote>\n ‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.\n</blockquote>\n<p>Robo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.</p>\n<p>Now anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by some of Goldman Sachs’ wealthiest clients for a 0.35% annual advisory fee. But investing experts say there are more costs to consider before jumping on the robo-investing train.</p>\n<p>“Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.</p>\n<p>Although the 35 basis-point price tag is a “loss leader” to Goldman Sachs, he said companies typically make such offers in order to attract clients to cross-sell them banking products.</p>\n<p>“People forget that banks are ultimately in the business of making money,” he said.</p>\n<p>Goldman Sachs declined to comment.</p>\n<p>The company is among other major financial-services firms offering digital advisers, including Vanguard, Fidelity and Schwab SCHW, +1.03% and startups such as Betterment and Wealthfront.</p>\n<p>Fees for robo advisers can start at around 0.25%, and increase to 1% and above for traditional brokers. A survey of nearly 1,000 financial planners by Inside Information, a trade publication, found that the bigger the portfolio, the lower the percentage clients paid in fees.</p>\n<p>The median annual charge hovered at around 1% for portfolios of $1 million or less, and 0.5% for portfolios worth $5 million to $10 million.</p>\n<p>Robo advisers like those on offer from Goldman Sachs and Betterment differ from robo platforms like Robinhood. The former suggest portfolios focused on exchange-traded funds, while Robinhood allows users to invest in individual ETFs, stocks, options and even cryptocurrencies.</p>\n<p><b>Robo investing as a self-driving car</b></p>\n<p>Consumers have turned to robo-investing at unprecedented levels during the pandemic.</p>\n<p>The rate of new accounts opened jumped between 50% and 300% during the first quarter of 2020 compared to the fourth quarter of last year, according to a May report published by research and advisory firm Aite Group.</p>\n<p>So what is rob-investing? Think of it like a self-driving car.</p>\n<p>You put in your destination, buckle up in the backseat and your driver (robo adviser) will get there. You, the passenger, can’t easily slam the breaks if you fear your driver is leading you in the wrong direction. Nor can you put your foot on the gas pedal if you’re in a rush and want to get to your destination faster.</p>\n<p>Robo-investing platforms use advanced-trading algorithm software to design investment portfolios based on factors such as an individual’s appetite for risk-taking and desired short-term and long-term returns.</p>\n<p>There are over 200 platforms that provide these services charging typically no more than a 0.5% annual advisory fee, compared to the 1% annual fee human investment advisors charge.</p>\n<p>And rather than investing entirely on your own, which can become a second job and lead to emotional investment decisions, robo advisers handle buying and selling assets.</p>\n<p>Cynthia Loh, Schwab vice president of Digital Advice and Innovation, disagrees, and argues that robo investing doesn’t mean giving technology control of your money. Schwab, she said, has a team of investment experts who oversee investment strategy and keep watch during periods of market volatility, although some services have more input from humans than others.</p>\n<p>As she recently wrote on MarketWatch: “One common misconception about automated investing is that choosing a robo adviser essentially means handing control of your money over to robots. The truth is that robo solutions have a combination of automated and human components running things behind the scenes.”</p>\n<p><b>Robos appeal to inexperienced investors</b></p>\n<p>Robo investing tends to appeal to inexperienced investors or ones who don’t have the time or energy to manage their own portfolios. These investors can take comfort in the “set it and forget it approach to investing and overtime let the markets do their thing,” Barse said.</p>\n<p>That makes it much easier to stomach market volatility knowing that you don’t necessarily have to make spur-of-the-moment decisions to buy or sell assets, said Tiffany Lam-Balfour, an investing and retirement specialist at NerdWallet.</p>\n<p>“When you’re investing, you don’t want to keep looking at the market and going ‘Oh I need to get out of this,’” she said. “You want to leave it to the professionals to get you through it because they know what your time horizon is, and they’ll adjust your portfolio automatically for you.”</p>\n<p>That said, “you can’t just expect your investments will only go up. Even if you had the world’s best human financial adviser you can’t expect that.”</p>\n<p>Others disagree, and say robo advisers appeal to older investors. “Planning for and paying yourself in retirement is complex. There are many options out there to help investors through it, and robo investing is one of them,” Loh said.</p>\n<p>“Many thoughtful, long-term investors have discovered that they want a more modern, streamlined, and inexpensive way to invest, and robo investing fits the bill. They are happy to let technology handle the mundane activities that are harder and more time-consuming for investors to do themselves,” she added.</p>\n<p><b>There is often no door to knock on</b></p>\n<p>Your robo adviser only knows what you tell it. The simplistic questionnaire you’re required to fill out will on most robo-investing platforms will collect information on your annual income, desired age to retire and the level of risk you’re willing to take on.</p>\n<p>It won’t however know if you just had a child and would like to begin saving for their education down the road or if you recently lost your job.</p>\n<p>“The question then becomes to whom does that person go to for advice and does that platform offer that and if so, to what level of complexity?” said Barse.</p>\n<p>Not all platforms give individualized investment advice and the hybrid models that do offer advice from a human tend to charge higher annual fees.</p>\n<p>Additionally, a robo adviser won’t necessarily “manage your money with tax efficiency at front of mind,” said Roger Ma, a certified financial planner at Lifelaidout, a New York City-based financial advisory group.</p>\n<p>For instance, one common way investors offset the taxes they pay on long-term investments is by selling assets that have accrued losses. Traditional advisers often specialize in constructing portfolios that lead to the most tax-efficient outcomes, said Ma, who is the author of “Work Your Money, Not Your Life”.</p>\n<p>But with robo investing, the trades that are made for you are the same ones that are being made for a slew of other investors who may fall under a different tax-bracket than you.</p>\n<p>On top of that, while robo investing may feel like a simplistic way to get into investing, especially for beginners it can “overcomplicate investing,” Ma said.</p>\n<p>“If you are just looking to dip your toe in and you want to feel like you’re invested in a diversified portfolio, I wouldn’t say definitely don’t do a robo adviser,” he said.</p>\n<p>Don’t rule out investing through a target-date fund that selects a single fund to invest in and adjusts the position over time based on their investment goals, he added.</p>\n<p>But not everyone can tell the difference between robo advice and advice from a human being. In 2015, MarketWatch asked four prominent robo advisers and four of the traditional, flesh-and-blood variety to construct portfolios for a hypothetical 35-year-old investor with $40,000 to invest.</p>\n<p>The results were, perhaps, surprising for critics of robo advisers. The robots’ suggestions were “not massively different” from what the human advisers proposed, said Michael Kitces, Pinnacle Advisory Group’s research director, after reviewing the results.</p>\n<p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs is joining the robo-investing party — should you?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs is joining the robo-investing party — should you?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-19 19:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/goldman-sachs-is-joining-the-robo-investing-party-should-you-11613658128?mod=home-page><strong>Marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.\n\nRobo investing has become ...</p>\n\n<a href=\"https://www.marketwatch.com/story/goldman-sachs-is-joining-the-robo-investing-party-should-you-11613658128?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/goldman-sachs-is-joining-the-robo-investing-party-should-you-11613658128?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161529893","content_text":"‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.\n\nRobo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.\nNow anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by some of Goldman Sachs’ wealthiest clients for a 0.35% annual advisory fee. But investing experts say there are more costs to consider before jumping on the robo-investing train.\n“Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.\nAlthough the 35 basis-point price tag is a “loss leader” to Goldman Sachs, he said companies typically make such offers in order to attract clients to cross-sell them banking products.\n“People forget that banks are ultimately in the business of making money,” he said.\nGoldman Sachs declined to comment.\nThe company is among other major financial-services firms offering digital advisers, including Vanguard, Fidelity and Schwab SCHW, +1.03% and startups such as Betterment and Wealthfront.\nFees for robo advisers can start at around 0.25%, and increase to 1% and above for traditional brokers. A survey of nearly 1,000 financial planners by Inside Information, a trade publication, found that the bigger the portfolio, the lower the percentage clients paid in fees.\nThe median annual charge hovered at around 1% for portfolios of $1 million or less, and 0.5% for portfolios worth $5 million to $10 million.\nRobo advisers like those on offer from Goldman Sachs and Betterment differ from robo platforms like Robinhood. The former suggest portfolios focused on exchange-traded funds, while Robinhood allows users to invest in individual ETFs, stocks, options and even cryptocurrencies.\nRobo investing as a self-driving car\nConsumers have turned to robo-investing at unprecedented levels during the pandemic.\nThe rate of new accounts opened jumped between 50% and 300% during the first quarter of 2020 compared to the fourth quarter of last year, according to a May report published by research and advisory firm Aite Group.\nSo what is rob-investing? Think of it like a self-driving car.\nYou put in your destination, buckle up in the backseat and your driver (robo adviser) will get there. You, the passenger, can’t easily slam the breaks if you fear your driver is leading you in the wrong direction. Nor can you put your foot on the gas pedal if you’re in a rush and want to get to your destination faster.\nRobo-investing platforms use advanced-trading algorithm software to design investment portfolios based on factors such as an individual’s appetite for risk-taking and desired short-term and long-term returns.\nThere are over 200 platforms that provide these services charging typically no more than a 0.5% annual advisory fee, compared to the 1% annual fee human investment advisors charge.\nAnd rather than investing entirely on your own, which can become a second job and lead to emotional investment decisions, robo advisers handle buying and selling assets.\nCynthia Loh, Schwab vice president of Digital Advice and Innovation, disagrees, and argues that robo investing doesn’t mean giving technology control of your money. Schwab, she said, has a team of investment experts who oversee investment strategy and keep watch during periods of market volatility, although some services have more input from humans than others.\nAs she recently wrote on MarketWatch: “One common misconception about automated investing is that choosing a robo adviser essentially means handing control of your money over to robots. The truth is that robo solutions have a combination of automated and human components running things behind the scenes.”\nRobos appeal to inexperienced investors\nRobo investing tends to appeal to inexperienced investors or ones who don’t have the time or energy to manage their own portfolios. These investors can take comfort in the “set it and forget it approach to investing and overtime let the markets do their thing,” Barse said.\nThat makes it much easier to stomach market volatility knowing that you don’t necessarily have to make spur-of-the-moment decisions to buy or sell assets, said Tiffany Lam-Balfour, an investing and retirement specialist at NerdWallet.\n“When you’re investing, you don’t want to keep looking at the market and going ‘Oh I need to get out of this,’” she said. “You want to leave it to the professionals to get you through it because they know what your time horizon is, and they’ll adjust your portfolio automatically for you.”\nThat said, “you can’t just expect your investments will only go up. Even if you had the world’s best human financial adviser you can’t expect that.”\nOthers disagree, and say robo advisers appeal to older investors. “Planning for and paying yourself in retirement is complex. There are many options out there to help investors through it, and robo investing is one of them,” Loh said.\n“Many thoughtful, long-term investors have discovered that they want a more modern, streamlined, and inexpensive way to invest, and robo investing fits the bill. They are happy to let technology handle the mundane activities that are harder and more time-consuming for investors to do themselves,” she added.\nThere is often no door to knock on\nYour robo adviser only knows what you tell it. The simplistic questionnaire you’re required to fill out will on most robo-investing platforms will collect information on your annual income, desired age to retire and the level of risk you’re willing to take on.\nIt won’t however know if you just had a child and would like to begin saving for their education down the road or if you recently lost your job.\n“The question then becomes to whom does that person go to for advice and does that platform offer that and if so, to what level of complexity?” said Barse.\nNot all platforms give individualized investment advice and the hybrid models that do offer advice from a human tend to charge higher annual fees.\nAdditionally, a robo adviser won’t necessarily “manage your money with tax efficiency at front of mind,” said Roger Ma, a certified financial planner at Lifelaidout, a New York City-based financial advisory group.\nFor instance, one common way investors offset the taxes they pay on long-term investments is by selling assets that have accrued losses. Traditional advisers often specialize in constructing portfolios that lead to the most tax-efficient outcomes, said Ma, who is the author of “Work Your Money, Not Your Life”.\nBut with robo investing, the trades that are made for you are the same ones that are being made for a slew of other investors who may fall under a different tax-bracket than you.\nOn top of that, while robo investing may feel like a simplistic way to get into investing, especially for beginners it can “overcomplicate investing,” Ma said.\n“If you are just looking to dip your toe in and you want to feel like you’re invested in a diversified portfolio, I wouldn’t say definitely don’t do a robo adviser,” he said.\nDon’t rule out investing through a target-date fund that selects a single fund to invest in and adjusts the position over time based on their investment goals, he added.\nBut not everyone can tell the difference between robo advice and advice from a human being. In 2015, MarketWatch asked four prominent robo advisers and four of the traditional, flesh-and-blood variety to construct portfolios for a hypothetical 35-year-old investor with $40,000 to invest.\nThe results were, perhaps, surprising for critics of robo advisers. The robots’ suggestions were “not massively different” from what the human advisers proposed, said Michael Kitces, Pinnacle Advisory Group’s research director, after reviewing the results.","news_type":1},"isVote":1,"tweetType":1,"viewCount":186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387906141,"gmtCreate":1613705403983,"gmtModify":1704883884427,"author":{"id":"3575683522809139","authorId":"3575683522809139","name":"ScarletK","avatar":"https://static.tigerbbs.com/5868eef6300d2210b1f895f1ce46e725","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575683522809139","authorIdStr":"3575683522809139"},"themes":[],"htmlText":"things need to change&nbsp;","listText":"things need to change&nbsp;","text":"things need to change","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/387906141","repostId":"1185112339","repostType":4,"isVote":1,"tweetType":1,"viewCount":387,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387906078,"gmtCreate":1613705347894,"gmtModify":1704883882130,"author":{"id":"3575683522809139","authorId":"3575683522809139","name":"ScarletK","avatar":"https://static.tigerbbs.com/5868eef6300d2210b1f895f1ce46e725","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575683522809139","authorIdStr":"3575683522809139"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/387906078","repostId":"1185112339","repostType":4,"isVote":1,"tweetType":1,"viewCount":271,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385628837,"gmtCreate":1613545947229,"gmtModify":1704881846077,"author":{"id":"3575683522809139","authorId":"3575683522809139","name":"ScarletK","avatar":"https://static.tigerbbs.com/5868eef6300d2210b1f895f1ce46e725","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575683522809139","authorIdStr":"3575683522809139"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385628837","repostId":"1146053060","repostType":4,"repost":{"id":"1146053060","kind":"news","pubTimestamp":1613540252,"share":"https://ttm.financial/m/news/1146053060?lang=&edition=fundamental","pubTime":"2021-02-17 13:37","market":"fut","language":"en","title":"Is This Oil Rally The Start Of Something Much Bigger?","url":"https://stock-news.laohu8.com/highlight/detail?id=1146053060","media":"Oilprice","summary":"Commodities have rallied in recent months, outperforming equity indexes amid expectations of an econ","content":"<p>Commodities have rallied in recent months, outperforming equity indexes amid expectations of an economic recovery, easy monetary policy, and rising inflation.</p>\n<p>The commodity bull run across the board—spearheaded by a 50-percent jump in oil prices over the past three months—isn’t finished running, analysts and investment banks say. Some of the biggest investment banks have even started to call the start of a new commodities supercycle, which by definition, lasts years—typically about a decade.</p>\n<p>Yet, not all investment banks and analysts are as convinced that we are in for a commodities supercycle across the board, warning that the term<i>supercycle</i>is too optimistic for a bull run that could fizzle out within a year or two and could still fall victim to negative COVID-related impacts.</p>\n<p><b><i>Commodity Rally</i></b></p>\n<p>As early as in October 2020, a few weeks before the first announcement of an&nbsp;effective vaccine candidate, Goldman Sachs&nbsp;said&nbsp;that commodities were headed toward a bull run in 2021. Hedges against expectations of rising inflation, a weakening U.S. dollar in which most commodities are traded, and signals of “very easy” monetary policy from central banks would be the key drivers of rallying commodities, Goldman Sachs said back then.</p>\n<p>Goldman expected the S&amp;P Goldman Sachs Commodity Index (GSCI) to return 42.6 percent for energy over a 12-month period, and 17.9 percent for precious metals.</p>\n<p>Over the past three months, the&nbsp;S&amp;P GSCI has outperformed&nbsp;the S&amp;P 500 index, with the commodity index rising by 25 percent, compared to (just) a 9-percent increase in the S&amp;P 500.</p>\n<p>Over the same period, oil prices have rallied from the low $40s to above $60 a barrel, driven by vaccine rollouts, OPEC+ production cuts, and expectations of a tight market and rising oil demand later this year when economies return to growth, helped by large stimulus packages.</p>\n<p><b><i>Some Drivers Of A New Supercycle Are Here…</i></b></p>\n<p>According to JPMorgan, there are reasons to believe that a new commodity supercycle may have just started.</p>\n<p>“We believe that the new commodity upswing, and in particular oil up cycle, has started,” JPMorgan analysts led by Marko Kolanovic said in a note last week, as carried by&nbsp;Bloomberg.</p>\n<p>The latest commodity supercycle ended in 2008 after a 12-year run, boosted by the super-spending and economic surge in China.</p>\n<p>JPMorgan now sees several&nbsp;potential factors&nbsp;underpinning a new supercycle: post-pandemic global economic growth, “ultra loose” monetary policies, increased and tolerated inflation, weakening U.S. dollar, financial inflows to hedge inflation, metals for energy transition markets such as batteries and electric vehicles (EVs), and underinvestment in new oil supply.</p>\n<p>The International Energy Agency (IEA)&nbsp;warned&nbsp;last year that if investment in oil were to stay at the 2020 levels over the next five years, it would reduce the previously expected level of oil supply in 2025 by nearly 9 million barrels per day (bpd).</p>\n<p>This year, global upstream investments will stay low, just like they were in 2020, Wood Mackenzie&nbsp;said&nbsp;in December, expecting upstream oil and gas investment at a 15-year low of just US$300 billion, down by 30 percent from the pre-crisis level of investment in 2019.</p>\n<p>“The world may be sleepwalking into a supply crunch, albeit beyond 2021. A recovery in oil demand back to over 100 million b/d by late 2022 increases risk of a material supply gap later this decade, triggering an upward spike in price,” said Simon Flowers, Chairman and Chief Analyst at WoodMac.</p>\n<p>Then, “very easy monetary policy” and reflation trade could push oil pricesas high as $100 a barrel&nbsp;next year, Amrita Sen, chief oil analyst at Energy Aspects, told Bloomberg earlier this month.</p>\n<p>In the week to February 9, hedge funds increased bullish bets on 24 major commodity futures by 5 percent to a fresh high of 2.7 million lots, representing a nominal value of $143.7 billion, Ole Hansen, Head of Commodity Strategy at Saxo Bank,said, commenting on the latest Commitments of Traders report.</p>\n<p>The combined net long position—the difference between bullish and bearish bets—in Brent and WTI has now increased to the highest in 28 months, while the net long in the grain sector in agriculture is not far from the record set in August 2012, Hansen noted.</p>\n<p>Post-pandemic growth, tightening supply, and continued demand for reflation hedges pushed the Bloomberg Commodity index to a 27-month high, Hansen said.</p>\n<p><b><i>But Is This The Start Of The Next Commodities Supercycle?</i></b></p>\n<p>Although crude oil and other commodities have rallied and signals have emerged to support the call for a new supercycle, some analysts are cautious and say it is a little early to proclaim the beginning of the next commodity supercycle.</p>\n<p>What we see in oil and commodities right now is a cyclical recovery, but a supercycle could be “two to three years away,” George Cheveley, portfolio manager at asset management company Ninety One, told&nbsp;Financial Times’ Natural Resources Editor Neil Hume.</p>\n<p>This bull run is unlikely to turn into a supercycle for commodities, because while investment may be depressed, “the material is abundant” for many commodities, including crude oil, Ed Morse, managing director and global head of commodities research at Citigroup, told the&nbsp;Financial Post&nbsp;in an interview last week.</p>\n<p>Commodities have certainly benefited from the optimism that post-COVID growth and stimulus packages will boost demand and prices, but it may be a little premature to trumpet the next decade-long across-the-board commodities supercycle.</p>","source":"lsy1606109400967","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>Is This Oil Rally The Start Of Something Much Bigger?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs This Oil Rally The Start Of Something Much Bigger?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-17 13:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://oilprice.com/Energy/Oil-Prices/Is-This-Oil-Rally-The-Start-Of-Something-Much-Bigger.html><strong>Oilprice</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Commodities have rallied in recent months, outperforming equity indexes amid expectations of an economic recovery, easy monetary policy, and rising inflation.\nThe commodity bull run across the board—...</p>\n\n<a href=\"https://oilprice.com/Energy/Oil-Prices/Is-This-Oil-Rally-The-Start-Of-Something-Much-Bigger.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://oilprice.com/Energy/Oil-Prices/Is-This-Oil-Rally-The-Start-Of-Something-Much-Bigger.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146053060","content_text":"Commodities have rallied in recent months, outperforming equity indexes amid expectations of an economic recovery, easy monetary policy, and rising inflation.\nThe commodity bull run across the board—spearheaded by a 50-percent jump in oil prices over the past three months—isn’t finished running, analysts and investment banks say. Some of the biggest investment banks have even started to call the start of a new commodities supercycle, which by definition, lasts years—typically about a decade.\nYet, not all investment banks and analysts are as convinced that we are in for a commodities supercycle across the board, warning that the termsupercycleis too optimistic for a bull run that could fizzle out within a year or two and could still fall victim to negative COVID-related impacts.\nCommodity Rally\nAs early as in October 2020, a few weeks before the first announcement of an effective vaccine candidate, Goldman Sachs said that commodities were headed toward a bull run in 2021. Hedges against expectations of rising inflation, a weakening U.S. dollar in which most commodities are traded, and signals of “very easy” monetary policy from central banks would be the key drivers of rallying commodities, Goldman Sachs said back then.\nGoldman expected the S&P Goldman Sachs Commodity Index (GSCI) to return 42.6 percent for energy over a 12-month period, and 17.9 percent for precious metals.\nOver the past three months, the S&P GSCI has outperformed the S&P 500 index, with the commodity index rising by 25 percent, compared to (just) a 9-percent increase in the S&P 500.\nOver the same period, oil prices have rallied from the low $40s to above $60 a barrel, driven by vaccine rollouts, OPEC+ production cuts, and expectations of a tight market and rising oil demand later this year when economies return to growth, helped by large stimulus packages.\nSome Drivers Of A New Supercycle Are Here…\nAccording to JPMorgan, there are reasons to believe that a new commodity supercycle may have just started.\n“We believe that the new commodity upswing, and in particular oil up cycle, has started,” JPMorgan analysts led by Marko Kolanovic said in a note last week, as carried by Bloomberg.\nThe latest commodity supercycle ended in 2008 after a 12-year run, boosted by the super-spending and economic surge in China.\nJPMorgan now sees several potential factors underpinning a new supercycle: post-pandemic global economic growth, “ultra loose” monetary policies, increased and tolerated inflation, weakening U.S. dollar, financial inflows to hedge inflation, metals for energy transition markets such as batteries and electric vehicles (EVs), and underinvestment in new oil supply.\nThe International Energy Agency (IEA) warned last year that if investment in oil were to stay at the 2020 levels over the next five years, it would reduce the previously expected level of oil supply in 2025 by nearly 9 million barrels per day (bpd).\nThis year, global upstream investments will stay low, just like they were in 2020, Wood Mackenzie said in December, expecting upstream oil and gas investment at a 15-year low of just US$300 billion, down by 30 percent from the pre-crisis level of investment in 2019.\n“The world may be sleepwalking into a supply crunch, albeit beyond 2021. A recovery in oil demand back to over 100 million b/d by late 2022 increases risk of a material supply gap later this decade, triggering an upward spike in price,” said Simon Flowers, Chairman and Chief Analyst at WoodMac.\nThen, “very easy monetary policy” and reflation trade could push oil pricesas high as $100 a barrel next year, Amrita Sen, chief oil analyst at Energy Aspects, told Bloomberg earlier this month.\nIn the week to February 9, hedge funds increased bullish bets on 24 major commodity futures by 5 percent to a fresh high of 2.7 million lots, representing a nominal value of $143.7 billion, Ole Hansen, Head of Commodity Strategy at Saxo Bank,said, commenting on the latest Commitments of Traders report.\nThe combined net long position—the difference between bullish and bearish bets—in Brent and WTI has now increased to the highest in 28 months, while the net long in the grain sector in agriculture is not far from the record set in August 2012, Hansen noted.\nPost-pandemic growth, tightening supply, and continued demand for reflation hedges pushed the Bloomberg Commodity index to a 27-month high, Hansen said.\nBut Is This The Start Of The Next Commodities Supercycle?\nAlthough crude oil and other commodities have rallied and signals have emerged to support the call for a new supercycle, some analysts are cautious and say it is a little early to proclaim the beginning of the next commodity supercycle.\nWhat we see in oil and commodities right now is a cyclical recovery, but a supercycle could be “two to three years away,” George Cheveley, portfolio manager at asset management company Ninety One, told Financial Times’ Natural Resources Editor Neil Hume.\nThis bull run is unlikely to turn into a supercycle for commodities, because while investment may be depressed, “the material is abundant” for many commodities, including crude oil, Ed Morse, managing director and global head of commodities research at Citigroup, told the Financial Post in an interview last week.\nCommodities have certainly benefited from the optimism that post-COVID growth and stimulus packages will boost demand and prices, but it may be a little premature to trumpet the next decade-long across-the-board commodities supercycle.","news_type":1},"isVote":1,"tweetType":1,"viewCount":155,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385621449,"gmtCreate":1613545875081,"gmtModify":1704881845268,"author":{"id":"3575683522809139","authorId":"3575683522809139","name":"ScarletK","avatar":"https://static.tigerbbs.com/5868eef6300d2210b1f895f1ce46e725","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575683522809139","authorIdStr":"3575683522809139"},"themes":[],"htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385621449","repostId":"1184726502","repostType":4,"repost":{"id":"1184726502","kind":"news","pubTimestamp":1613542262,"share":"https://ttm.financial/m/news/1184726502?lang=&edition=fundamental","pubTime":"2021-02-17 14:11","market":"us","language":"en","title":"What signals the top of a bull market in stocks? Not rising interest rates","url":"https://stock-news.laohu8.com/highlight/detail?id=1184726502","media":"MarketWatch","summary":"Treasury yields have risen sharply so far this year\nCHAPEL HILL, N.C. — Rising interest rates will n","content":"<p>Treasury yields have risen sharply so far this year</p>\n<p>CHAPEL HILL, N.C. — Rising interest rates will not be what sabotage this bull market.</p>\n<p>That’s crucial information, since interest rates have risen significantly over the last six months, and especially over the last couple of weeks. The 10-year Treasury yield&nbsp;has more than doubled from where it stood last August, for example, from 0.52% to its current 1.20%. A big chunk of that increase—27 basis points—have come just since the beginning of the year.</p>\n<p>I am revisiting this topic since many readers apparently weren’t convinced by my&nbsp;column earlier this month that there is no historical correlation between interest rates and stock-market returns.As some of you pointed out, that column focused on summary patterns that emerge when analyzing all data back to the 1920s. That is different than focusing on interest-rate trends at bull-market tops in particular. That’s what I am focusing on in this column.</p>\n<p>Since 1962, which is how far back my database for the 10-year Treasury yield extends, there have been 17 bear markets, according to the calendar maintained by Ned Davis Research. In 10 of those 17 cases, the 10-year Treasury yield when those bear market began was actually<i>lower</i>than where it had stood three months prior. In other words, in more than half of the bear markets the 10-year yield had fallen over the last three months of the preceding bull markets.</p>\n<p>You shouldn’t conclude from this result that a bear market can’t happen unless interest rates are declining, however. Notice that in seven of these 17 bear markets, interest rates rose over the three months preceding the beginnings of those bear markets. The appropriate conclusion to draw is that interest-rate trends are an unreliable guide to when bull markets will come to an end.</p>\n<p><b>What about the Fed Funds rate?</b></p>\n<p>This conclusion runs so counter to what we’re been repeatedly told over the years that I wanted to double-check it by focusing on the Federal Funds rate. This is the short-term rate that is directly set by the Federal Reserve’s Open Market Committee, and some analysts over the years have believed that it is the interest rate to which stock market investors should pay closest attention. According to Edson Gould’s famous “three steps and a stumble rule,” for example, the stock market will decline (“stumble”) after three consecutive interest rate hikes (“three steps”) from the Federal Reserve.</p>\n<p>Gould, of course, was one of the most famous technical analysts of the 1960s and 1970s. Nevertheless, however much validity his rule may have had in prior decades, it hasn’t worked since the early 1980s. That’s when the Federal Reserve shifted its policy-setting stance to targeting the Fed Funds rate; before hat it focused on M1 money supply. At the top of seven of the nine bull markets since then, the most recent change in the Fed Funds rate was a cut—not an increase.</p>\n<p>I have no idea whether the current bull market is close to an end. But I would note that the most recent move in the Federal Funds rate was last March, when the Fed cut it by a full percentage point.</p>\n<p>The bottom line? Don’t look to interest rate trends for when the bull market will come to an end.</p>\n<p>This doesn’t mean that happy days are here again, let me hasten to add. Just because rising interest rates are not the concern that many think them to be doesn’t mean there aren’t plenty of other worries. There most definitely are,with overvaluation at the top of the list.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> What signals the top of a bull market in stocks? Not rising interest rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n What signals the top of a bull market in stocks? Not rising interest rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-17 14:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/what-signals-the-top-of-a-bull-market-in-stocks-not-rising-interest-rates-11613490352?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Treasury yields have risen sharply so far this year\nCHAPEL HILL, N.C. — Rising interest rates will not be what sabotage this bull market.\nThat’s crucial information, since interest rates have risen ...</p>\n\n<a href=\"https://www.marketwatch.com/story/what-signals-the-top-of-a-bull-market-in-stocks-not-rising-interest-rates-11613490352?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/what-signals-the-top-of-a-bull-market-in-stocks-not-rising-interest-rates-11613490352?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1184726502","content_text":"Treasury yields have risen sharply so far this year\nCHAPEL HILL, N.C. — Rising interest rates will not be what sabotage this bull market.\nThat’s crucial information, since interest rates have risen significantly over the last six months, and especially over the last couple of weeks. The 10-year Treasury yield has more than doubled from where it stood last August, for example, from 0.52% to its current 1.20%. A big chunk of that increase—27 basis points—have come just since the beginning of the year.\nI am revisiting this topic since many readers apparently weren’t convinced by my column earlier this month that there is no historical correlation between interest rates and stock-market returns.As some of you pointed out, that column focused on summary patterns that emerge when analyzing all data back to the 1920s. That is different than focusing on interest-rate trends at bull-market tops in particular. That’s what I am focusing on in this column.\nSince 1962, which is how far back my database for the 10-year Treasury yield extends, there have been 17 bear markets, according to the calendar maintained by Ned Davis Research. In 10 of those 17 cases, the 10-year Treasury yield when those bear market began was actuallylowerthan where it had stood three months prior. In other words, in more than half of the bear markets the 10-year yield had fallen over the last three months of the preceding bull markets.\nYou shouldn’t conclude from this result that a bear market can’t happen unless interest rates are declining, however. Notice that in seven of these 17 bear markets, interest rates rose over the three months preceding the beginnings of those bear markets. The appropriate conclusion to draw is that interest-rate trends are an unreliable guide to when bull markets will come to an end.\nWhat about the Fed Funds rate?\nThis conclusion runs so counter to what we’re been repeatedly told over the years that I wanted to double-check it by focusing on the Federal Funds rate. This is the short-term rate that is directly set by the Federal Reserve’s Open Market Committee, and some analysts over the years have believed that it is the interest rate to which stock market investors should pay closest attention. According to Edson Gould’s famous “three steps and a stumble rule,” for example, the stock market will decline (“stumble”) after three consecutive interest rate hikes (“three steps”) from the Federal Reserve.\nGould, of course, was one of the most famous technical analysts of the 1960s and 1970s. Nevertheless, however much validity his rule may have had in prior decades, it hasn’t worked since the early 1980s. That’s when the Federal Reserve shifted its policy-setting stance to targeting the Fed Funds rate; before hat it focused on M1 money supply. At the top of seven of the nine bull markets since then, the most recent change in the Fed Funds rate was a cut—not an increase.\nI have no idea whether the current bull market is close to an end. But I would note that the most recent move in the Federal Funds rate was last March, when the Fed cut it by a full percentage point.\nThe bottom line? Don’t look to interest rate trends for when the bull market will come to an end.\nThis doesn’t mean that happy days are here again, let me hasten to add. Just because rising interest rates are not the concern that many think them to be doesn’t mean there aren’t plenty of other worries. There most definitely are,with overvaluation at the top of the list.","news_type":1},"isVote":1,"tweetType":1,"viewCount":388,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9902238730,"gmtCreate":1659704792223,"gmtModify":1704801840125,"author":{"id":"3575683522809139","authorId":"3575683522809139","name":"ScarletK","avatar":"https://static.tigerbbs.com/5868eef6300d2210b1f895f1ce46e725","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575683522809139","authorIdStr":"3575683522809139"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9902238730","repostId":"2257985881","repostType":4,"repost":{"id":"2257985881","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1659701562,"share":"https://ttm.financial/m/news/2257985881?lang=&edition=fundamental","pubTime":"2022-08-05 20:12","market":"us","language":"en","title":"Amazon to Buy Roomba-Maker IRobot for About $1.7 Billion","url":"https://stock-news.laohu8.com/highlight/detail?id=2257985881","media":"Reuters","summary":"Amazon.comInc. is buying Roomba maker iRobotCorp. for $1.7 billion, including debt, as the online re","content":"<html><head></head><body><p><a href=\"https://laohu8.com/S/AMZN\">Amazon.comInc.</a> is buying Roomba maker <a href=\"https://laohu8.com/S/IRBT\">iRobotCorp.</a> for $1.7 billion, including debt, as the online retailer adds another connected-home product to its portfolio.</p><p>Amazon on Friday said it is paying $61 a share for iRobot in an all-cash deal.</p><p>The price represents a 22% premium to iRobot’s closing price of $49.99 on Thursday.</p><p>iRobot Chief Executive Colin Angle will remain in his position upon completion of the acquisition, which requires approval from shareholders.</p><p>iRobot shares rose 19.3% in premarket trading, while Amazon shares fell 0.8%.</p><p>iRobot introduced its Roomba vacuum in 2002. The wireless, smart-vacuum learns and maps spaces to clean dust and messes.</p><p>Roomba would join other Amazon-owned products like the Alexa virtual assistant speaker and Ring video doorbell that together give the retailer more ways to power smart homes.</p><p>Roomba was recently a featured product in Amazon’s Prime Day event for the eighth consecutive year.</p><p>iRobot would be the fourth-largest acquisition by Amazon, ranking behind the 2017 acquisition of Whole Foods for $13.7 billion, an $8.5 billion purchase of movie studio MGM in March and last month’s agreement to buy 1Life Healthcare for $3.9 billion.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon to Buy Roomba-Maker IRobot for About $1.7 Billion</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon to Buy Roomba-Maker IRobot for About $1.7 Billion\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-08-05 20:12</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><a href=\"https://laohu8.com/S/AMZN\">Amazon.comInc.</a> is buying Roomba maker <a href=\"https://laohu8.com/S/IRBT\">iRobotCorp.</a> for $1.7 billion, including debt, as the online retailer adds another connected-home product to its portfolio.</p><p>Amazon on Friday said it is paying $61 a share for iRobot in an all-cash deal.</p><p>The price represents a 22% premium to iRobot’s closing price of $49.99 on Thursday.</p><p>iRobot Chief Executive Colin Angle will remain in his position upon completion of the acquisition, which requires approval from shareholders.</p><p>iRobot shares rose 19.3% in premarket trading, while Amazon shares fell 0.8%.</p><p>iRobot introduced its Roomba vacuum in 2002. The wireless, smart-vacuum learns and maps spaces to clean dust and messes.</p><p>Roomba would join other Amazon-owned products like the Alexa virtual assistant speaker and Ring video doorbell that together give the retailer more ways to power smart homes.</p><p>Roomba was recently a featured product in Amazon’s Prime Day event for the eighth consecutive year.</p><p>iRobot would be the fourth-largest acquisition by Amazon, ranking behind the 2017 acquisition of Whole Foods for $13.7 billion, an $8.5 billion purchase of movie studio MGM in March and last month’s agreement to buy 1Life Healthcare for $3.9 billion.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IRBT":"iRobot Corp.","AMZN":"亚马逊"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2257985881","content_text":"Amazon.comInc. is buying Roomba maker iRobotCorp. for $1.7 billion, including debt, as the online retailer adds another connected-home product to its portfolio.Amazon on Friday said it is paying $61 a share for iRobot in an all-cash deal.The price represents a 22% premium to iRobot’s closing price of $49.99 on Thursday.iRobot Chief Executive Colin Angle will remain in his position upon completion of the acquisition, which requires approval from shareholders.iRobot shares rose 19.3% in premarket trading, while Amazon shares fell 0.8%.iRobot introduced its Roomba vacuum in 2002. The wireless, smart-vacuum learns and maps spaces to clean dust and messes.Roomba would join other Amazon-owned products like the Alexa virtual assistant speaker and Ring video doorbell that together give the retailer more ways to power smart homes.Roomba was recently a featured product in Amazon’s Prime Day event for the eighth consecutive year.iRobot would be the fourth-largest acquisition by Amazon, ranking behind the 2017 acquisition of Whole Foods for $13.7 billion, an $8.5 billion purchase of movie studio MGM in March and last month’s agreement to buy 1Life Healthcare for $3.9 billion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":317,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387906141,"gmtCreate":1613705403983,"gmtModify":1704883884427,"author":{"id":"3575683522809139","authorId":"3575683522809139","name":"ScarletK","avatar":"https://static.tigerbbs.com/5868eef6300d2210b1f895f1ce46e725","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575683522809139","authorIdStr":"3575683522809139"},"themes":[],"htmlText":"things need to change&nbsp;","listText":"things need to change&nbsp;","text":"things need to change","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/387906141","repostId":"1185112339","repostType":4,"repost":{"id":"1185112339","kind":"news","pubTimestamp":1613703936,"share":"https://ttm.financial/m/news/1185112339?lang=&edition=fundamental","pubTime":"2021-02-19 11:05","market":"us","language":"en","title":"Robinhood, Citadel fight conspiracies ahead of GameStop grilling","url":"https://stock-news.laohu8.com/highlight/detail?id=1185112339","media":"Bloomberg","summary":"[WASHINGTON] Robinhood Markets and Citadel, central players in the GameStop saga that riveted market","content":"<p>[WASHINGTON] Robinhood Markets and Citadel, central players in the GameStop saga that riveted markets last month, plan to deliver a unified message to US lawmakers Thursday: conspiracies swirling in Washington that they worked together to harm retail investors are categorically false.</p>\n<p>Robinhood chief executive officer Vlad Tenev, whose firm has faced a barrage of questions into whether hedge funds such as Citadel ordered it to prevent customers from adding to their GameStop bets, called such claims \"market-distorting rhetoric\".</p>\n<p>Robinhood halted trades due to demands from its clearinghouse that it post more capital to deal with increased risk, he said in written testimony for a hearing before the House Financial Services Committee.</p>\n<p>Ken Griffin, Citadel's billionaire founder, said in his prepared remarks that he learned Robinhood had barred GameStop buy orders after the restrictions were publicly announced.</p>\n<p>\"I want to be perfectly clear: we had no role in Robinhood's decision to limit trading in GameStop or any other of the 'meme' stocks,\" said Mr Griffin, whose financial empire includes a hedge fund and massive market-maker Citadel Securities.</p>\n<p>Digging into the relationship between Robinhood and Citadel has been a focal point for lawmakers since small-time investors revolted in January after Robinhood temporarily blocked their push to drive GameStop and other stocks to the stratosphere.</p>\n<p>Citadel Securities pays Robinhood for the right to execute its customers' orders, and a theory that gained traction on social media is that Mr Griffin's market-maker leaned on Mr Tenev's brokerage to benefit Citadel's hedge fund - an assertion both firms have repeatedly rejected.</p>\n<p>Thursday's hearing, still expected to be full of drama and tense moments even though its virtual, will offer members of Congress their first chance to grill the executives on frenzied trading that triggered alarm bells from Wall Street to Capitol Hill.</p>\n<p>Chairwoman Maxine Waters, a California Democrat, has said she wants to scrutinise all the players involved to assess whether Washington needs to curtail the influence of hedge funds and strengthen guardrails for retail investors.</p>\n<p>Gabe Plotkin, a hedge fund manager whose firm took heavy losses during last month's Reddit-fuelled trading, plans to tell Congress that he was \"humbled\" by the experience.</p>\n<p>\"Melvin Capital played absolutely no role\" in the decisions of trading platforms to limit the buying and selling of GameStop shares, according to Mr Plotkin's written testimony. \"In fact, Melvin closed out all of its positions in GameStop days before platforms put those limitations in place.\"</p>\n<p>'DIFFICULT TIME'</p>\n<p>Mr Plotkin used his testimony to clarify that Melvin Capital wasn't \"bailed out\" by the US$2.75 billion it received from Citadel, Point72 Asset Management and others last month.</p>\n<p>Even though the firm was going through a \"difficult time\", it always had adequate funding and wasn't seeking a cash injection. Citadel proactively reached out to become an investor, seeing it as an opportunity to \"buy low\", Mr Plotkin said in his remarks.</p>\n<p>Melvin Capital lost billions closing out its GameStop position and reducing other wagers. The firm's assets fell to about US$8 billion in January after starting the year with US$12.5 billion.</p>\n<p>Keith Gill, a Reddit user known as \"Roaring Kitty\" who is credited with inspiring GameStop's rally, will testify that he was merely an individual investor using public information to study companies.</p>\n<p>Mr Gill, one of the most influential participants pushing GameStop on the WallStreetBets Reddit forum, was sued this week in Massachusetts for misrepresenting himself as an amateur investor and profiting by artificially inflating the price of the stock.</p>\n<p>\"I did not solicit anyone to buy or sell the stock for my own profit,\" Mr Gill said in his testimony. \"I did not belong to any groups trying to create movements in the stock price. I never had a financial relationship with any hedge fund. I had no information about GameStop except what was public. I did not know any people inside the company, and I never spoke to any insider.\"</p>\n<p>Jennifer Schulp, director of financial regulation studies at Cato Institute and a late addition to the hearing's lineup of speakers, will testify that rule changes may not be warranted in light of the minimal impact on markets. \"By no means, though, should the GameStop phenomenon result in changes that restrict retail investors' access to the markets,\" she said.</p>\n<p>In his testimony, Mr Tenev described the morning of Jan 28, when the brokerage halted purchases of GameStop and other \"meme stocks\". At 5.11am, the industry's clearinghouse - a body that manages system-wide risk - demanded a deposit of more than US$1 billion from Robinhood, he said.</p>\n<p>Because the sum demanded was even larger than the amount of net capital the online brokerage had on hand, an additional charge of US$2.2 billion was slapped on top, bringing the total amount due to about US$3 billion. Robinhood complied with its net capital requirements at all times during this period, the company says.</p>\n<p>Around 7.30am, in a scramble to meet the requirements, Robinhood decided to stop customers from buying GameStop and other volatile stocks. The clearinghouse then agreed to waive the entire US$2.2 billion charge it had initially added, according to Mr Tenev's account. With an additional US$737 million deposit that morning, combined with the amount Robinhood had already posted at the clearinghouse, the broker met its requirements for that day.</p>\n<p>To help prevent last month's events from happening again, Robinhood has called on regulators to make the settlement period for stock trades instantaneous. Citadel's Mr Griffin also called for a shorter settlement time.</p>\n<p>Mr Griffin said the current two-day requirement \"exposes firms to more risk in the time between execution and settlement, requiring higher capital levels\". He also advised that clearinghouse capital requirements be made more transparent.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Robinhood, Citadel fight conspiracies ahead of GameStop grilling</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRobinhood, Citadel fight conspiracies ahead of GameStop grilling\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-19 11:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.businesstimes.com.sg/banking-finance/robinhood-citadel-fight-conspiracies-ahead-of-gamestop-grilling><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>[WASHINGTON] Robinhood Markets and Citadel, central players in the GameStop saga that riveted markets last month, plan to deliver a unified message to US lawmakers Thursday: conspiracies swirling in ...</p>\n\n<a href=\"https://www.businesstimes.com.sg/banking-finance/robinhood-citadel-fight-conspiracies-ahead-of-gamestop-grilling\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://www.businesstimes.com.sg/banking-finance/robinhood-citadel-fight-conspiracies-ahead-of-gamestop-grilling","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185112339","content_text":"[WASHINGTON] Robinhood Markets and Citadel, central players in the GameStop saga that riveted markets last month, plan to deliver a unified message to US lawmakers Thursday: conspiracies swirling in Washington that they worked together to harm retail investors are categorically false.\nRobinhood chief executive officer Vlad Tenev, whose firm has faced a barrage of questions into whether hedge funds such as Citadel ordered it to prevent customers from adding to their GameStop bets, called such claims \"market-distorting rhetoric\".\nRobinhood halted trades due to demands from its clearinghouse that it post more capital to deal with increased risk, he said in written testimony for a hearing before the House Financial Services Committee.\nKen Griffin, Citadel's billionaire founder, said in his prepared remarks that he learned Robinhood had barred GameStop buy orders after the restrictions were publicly announced.\n\"I want to be perfectly clear: we had no role in Robinhood's decision to limit trading in GameStop or any other of the 'meme' stocks,\" said Mr Griffin, whose financial empire includes a hedge fund and massive market-maker Citadel Securities.\nDigging into the relationship between Robinhood and Citadel has been a focal point for lawmakers since small-time investors revolted in January after Robinhood temporarily blocked their push to drive GameStop and other stocks to the stratosphere.\nCitadel Securities pays Robinhood for the right to execute its customers' orders, and a theory that gained traction on social media is that Mr Griffin's market-maker leaned on Mr Tenev's brokerage to benefit Citadel's hedge fund - an assertion both firms have repeatedly rejected.\nThursday's hearing, still expected to be full of drama and tense moments even though its virtual, will offer members of Congress their first chance to grill the executives on frenzied trading that triggered alarm bells from Wall Street to Capitol Hill.\nChairwoman Maxine Waters, a California Democrat, has said she wants to scrutinise all the players involved to assess whether Washington needs to curtail the influence of hedge funds and strengthen guardrails for retail investors.\nGabe Plotkin, a hedge fund manager whose firm took heavy losses during last month's Reddit-fuelled trading, plans to tell Congress that he was \"humbled\" by the experience.\n\"Melvin Capital played absolutely no role\" in the decisions of trading platforms to limit the buying and selling of GameStop shares, according to Mr Plotkin's written testimony. \"In fact, Melvin closed out all of its positions in GameStop days before platforms put those limitations in place.\"\n'DIFFICULT TIME'\nMr Plotkin used his testimony to clarify that Melvin Capital wasn't \"bailed out\" by the US$2.75 billion it received from Citadel, Point72 Asset Management and others last month.\nEven though the firm was going through a \"difficult time\", it always had adequate funding and wasn't seeking a cash injection. Citadel proactively reached out to become an investor, seeing it as an opportunity to \"buy low\", Mr Plotkin said in his remarks.\nMelvin Capital lost billions closing out its GameStop position and reducing other wagers. The firm's assets fell to about US$8 billion in January after starting the year with US$12.5 billion.\nKeith Gill, a Reddit user known as \"Roaring Kitty\" who is credited with inspiring GameStop's rally, will testify that he was merely an individual investor using public information to study companies.\nMr Gill, one of the most influential participants pushing GameStop on the WallStreetBets Reddit forum, was sued this week in Massachusetts for misrepresenting himself as an amateur investor and profiting by artificially inflating the price of the stock.\n\"I did not solicit anyone to buy or sell the stock for my own profit,\" Mr Gill said in his testimony. \"I did not belong to any groups trying to create movements in the stock price. I never had a financial relationship with any hedge fund. I had no information about GameStop except what was public. I did not know any people inside the company, and I never spoke to any insider.\"\nJennifer Schulp, director of financial regulation studies at Cato Institute and a late addition to the hearing's lineup of speakers, will testify that rule changes may not be warranted in light of the minimal impact on markets. \"By no means, though, should the GameStop phenomenon result in changes that restrict retail investors' access to the markets,\" she said.\nIn his testimony, Mr Tenev described the morning of Jan 28, when the brokerage halted purchases of GameStop and other \"meme stocks\". At 5.11am, the industry's clearinghouse - a body that manages system-wide risk - demanded a deposit of more than US$1 billion from Robinhood, he said.\nBecause the sum demanded was even larger than the amount of net capital the online brokerage had on hand, an additional charge of US$2.2 billion was slapped on top, bringing the total amount due to about US$3 billion. Robinhood complied with its net capital requirements at all times during this period, the company says.\nAround 7.30am, in a scramble to meet the requirements, Robinhood decided to stop customers from buying GameStop and other volatile stocks. The clearinghouse then agreed to waive the entire US$2.2 billion charge it had initially added, according to Mr Tenev's account. With an additional US$737 million deposit that morning, combined with the amount Robinhood had already posted at the clearinghouse, the broker met its requirements for that day.\nTo help prevent last month's events from happening again, Robinhood has called on regulators to make the settlement period for stock trades instantaneous. Citadel's Mr Griffin also called for a shorter settlement time.\nMr Griffin said the current two-day requirement \"exposes firms to more risk in the time between execution and settlement, requiring higher capital levels\". He also advised that clearinghouse capital requirements be made more transparent.","news_type":1},"isVote":1,"tweetType":1,"viewCount":387,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387906078,"gmtCreate":1613705347894,"gmtModify":1704883882130,"author":{"id":"3575683522809139","authorId":"3575683522809139","name":"ScarletK","avatar":"https://static.tigerbbs.com/5868eef6300d2210b1f895f1ce46e725","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575683522809139","authorIdStr":"3575683522809139"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/387906078","repostId":"1185112339","repostType":4,"isVote":1,"tweetType":1,"viewCount":271,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9075477191,"gmtCreate":1658253766513,"gmtModify":1676536128410,"author":{"id":"3575683522809139","authorId":"3575683522809139","name":"ScarletK","avatar":"https://static.tigerbbs.com/5868eef6300d2210b1f895f1ce46e725","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575683522809139","authorIdStr":"3575683522809139"},"themes":[],"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/9075477191","repostId":"1185506686","repostType":4,"isVote":1,"tweetType":1,"viewCount":356,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9902236848,"gmtCreate":1659704864387,"gmtModify":1704801961890,"author":{"id":"3575683522809139","authorId":"3575683522809139","name":"ScarletK","avatar":"https://static.tigerbbs.com/5868eef6300d2210b1f895f1ce46e725","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575683522809139","authorIdStr":"3575683522809139"},"themes":[],"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/9902236848","repostId":"2257186328","repostType":4,"isVote":1,"tweetType":1,"viewCount":467,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385621449,"gmtCreate":1613545875081,"gmtModify":1704881845268,"author":{"id":"3575683522809139","authorId":"3575683522809139","name":"ScarletK","avatar":"https://static.tigerbbs.com/5868eef6300d2210b1f895f1ce46e725","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575683522809139","authorIdStr":"3575683522809139"},"themes":[],"htmlText":"nice","listText":"nice","text":"nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385621449","repostId":"1184726502","repostType":4,"repost":{"id":"1184726502","kind":"news","pubTimestamp":1613542262,"share":"https://ttm.financial/m/news/1184726502?lang=&edition=fundamental","pubTime":"2021-02-17 14:11","market":"us","language":"en","title":"What signals the top of a bull market in stocks? Not rising interest rates","url":"https://stock-news.laohu8.com/highlight/detail?id=1184726502","media":"MarketWatch","summary":"Treasury yields have risen sharply so far this year\nCHAPEL HILL, N.C. — Rising interest rates will n","content":"<p>Treasury yields have risen sharply so far this year</p>\n<p>CHAPEL HILL, N.C. — Rising interest rates will not be what sabotage this bull market.</p>\n<p>That’s crucial information, since interest rates have risen significantly over the last six months, and especially over the last couple of weeks. The 10-year Treasury yield&nbsp;has more than doubled from where it stood last August, for example, from 0.52% to its current 1.20%. A big chunk of that increase—27 basis points—have come just since the beginning of the year.</p>\n<p>I am revisiting this topic since many readers apparently weren’t convinced by my&nbsp;column earlier this month that there is no historical correlation between interest rates and stock-market returns.As some of you pointed out, that column focused on summary patterns that emerge when analyzing all data back to the 1920s. That is different than focusing on interest-rate trends at bull-market tops in particular. That’s what I am focusing on in this column.</p>\n<p>Since 1962, which is how far back my database for the 10-year Treasury yield extends, there have been 17 bear markets, according to the calendar maintained by Ned Davis Research. In 10 of those 17 cases, the 10-year Treasury yield when those bear market began was actually<i>lower</i>than where it had stood three months prior. In other words, in more than half of the bear markets the 10-year yield had fallen over the last three months of the preceding bull markets.</p>\n<p>You shouldn’t conclude from this result that a bear market can’t happen unless interest rates are declining, however. Notice that in seven of these 17 bear markets, interest rates rose over the three months preceding the beginnings of those bear markets. The appropriate conclusion to draw is that interest-rate trends are an unreliable guide to when bull markets will come to an end.</p>\n<p><b>What about the Fed Funds rate?</b></p>\n<p>This conclusion runs so counter to what we’re been repeatedly told over the years that I wanted to double-check it by focusing on the Federal Funds rate. This is the short-term rate that is directly set by the Federal Reserve’s Open Market Committee, and some analysts over the years have believed that it is the interest rate to which stock market investors should pay closest attention. According to Edson Gould’s famous “three steps and a stumble rule,” for example, the stock market will decline (“stumble”) after three consecutive interest rate hikes (“three steps”) from the Federal Reserve.</p>\n<p>Gould, of course, was one of the most famous technical analysts of the 1960s and 1970s. Nevertheless, however much validity his rule may have had in prior decades, it hasn’t worked since the early 1980s. That’s when the Federal Reserve shifted its policy-setting stance to targeting the Fed Funds rate; before hat it focused on M1 money supply. At the top of seven of the nine bull markets since then, the most recent change in the Fed Funds rate was a cut—not an increase.</p>\n<p>I have no idea whether the current bull market is close to an end. But I would note that the most recent move in the Federal Funds rate was last March, when the Fed cut it by a full percentage point.</p>\n<p>The bottom line? Don’t look to interest rate trends for when the bull market will come to an end.</p>\n<p>This doesn’t mean that happy days are here again, let me hasten to add. Just because rising interest rates are not the concern that many think them to be doesn’t mean there aren’t plenty of other worries. There most definitely are,with overvaluation at the top of the list.</p>","source":"market_watch","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title> What signals the top of a bull market in stocks? Not rising interest rates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n What signals the top of a bull market in stocks? Not rising interest rates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-17 14:11 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/what-signals-the-top-of-a-bull-market-in-stocks-not-rising-interest-rates-11613490352?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Treasury yields have risen sharply so far this year\nCHAPEL HILL, N.C. — Rising interest rates will not be what sabotage this bull market.\nThat’s crucial information, since interest rates have risen ...</p>\n\n<a href=\"https://www.marketwatch.com/story/what-signals-the-top-of-a-bull-market-in-stocks-not-rising-interest-rates-11613490352?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.marketwatch.com/story/what-signals-the-top-of-a-bull-market-in-stocks-not-rising-interest-rates-11613490352?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/599a65733b8245fcf7868668ef9ad712","article_id":"1184726502","content_text":"Treasury yields have risen sharply so far this year\nCHAPEL HILL, N.C. — Rising interest rates will not be what sabotage this bull market.\nThat’s crucial information, since interest rates have risen significantly over the last six months, and especially over the last couple of weeks. The 10-year Treasury yield has more than doubled from where it stood last August, for example, from 0.52% to its current 1.20%. A big chunk of that increase—27 basis points—have come just since the beginning of the year.\nI am revisiting this topic since many readers apparently weren’t convinced by my column earlier this month that there is no historical correlation between interest rates and stock-market returns.As some of you pointed out, that column focused on summary patterns that emerge when analyzing all data back to the 1920s. That is different than focusing on interest-rate trends at bull-market tops in particular. That’s what I am focusing on in this column.\nSince 1962, which is how far back my database for the 10-year Treasury yield extends, there have been 17 bear markets, according to the calendar maintained by Ned Davis Research. In 10 of those 17 cases, the 10-year Treasury yield when those bear market began was actuallylowerthan where it had stood three months prior. In other words, in more than half of the bear markets the 10-year yield had fallen over the last three months of the preceding bull markets.\nYou shouldn’t conclude from this result that a bear market can’t happen unless interest rates are declining, however. Notice that in seven of these 17 bear markets, interest rates rose over the three months preceding the beginnings of those bear markets. The appropriate conclusion to draw is that interest-rate trends are an unreliable guide to when bull markets will come to an end.\nWhat about the Fed Funds rate?\nThis conclusion runs so counter to what we’re been repeatedly told over the years that I wanted to double-check it by focusing on the Federal Funds rate. This is the short-term rate that is directly set by the Federal Reserve’s Open Market Committee, and some analysts over the years have believed that it is the interest rate to which stock market investors should pay closest attention. According to Edson Gould’s famous “three steps and a stumble rule,” for example, the stock market will decline (“stumble”) after three consecutive interest rate hikes (“three steps”) from the Federal Reserve.\nGould, of course, was one of the most famous technical analysts of the 1960s and 1970s. Nevertheless, however much validity his rule may have had in prior decades, it hasn’t worked since the early 1980s. That’s when the Federal Reserve shifted its policy-setting stance to targeting the Fed Funds rate; before hat it focused on M1 money supply. At the top of seven of the nine bull markets since then, the most recent change in the Fed Funds rate was a cut—not an increase.\nI have no idea whether the current bull market is close to an end. But I would note that the most recent move in the Federal Funds rate was last March, when the Fed cut it by a full percentage point.\nThe bottom line? Don’t look to interest rate trends for when the bull market will come to an end.\nThis doesn’t mean that happy days are here again, let me hasten to add. Just because rising interest rates are not the concern that many think them to be doesn’t mean there aren’t plenty of other worries. There most definitely are,with overvaluation at the top of the list.","news_type":1},"isVote":1,"tweetType":1,"viewCount":388,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363904074,"gmtCreate":1614089075998,"gmtModify":1704887935192,"author":{"id":"3575683522809139","authorId":"3575683522809139","name":"ScarletK","avatar":"https://static.tigerbbs.com/5868eef6300d2210b1f895f1ce46e725","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575683522809139","authorIdStr":"3575683522809139"},"themes":[],"htmlText":"Nervous","listText":"Nervous","text":"Nervous","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/363904074","repostId":"1198320495","repostType":4,"repost":{"id":"1198320495","kind":"news","pubTimestamp":1614087585,"share":"https://ttm.financial/m/news/1198320495?lang=&edition=fundamental","pubTime":"2021-02-23 21:39","market":"us","language":"en","title":"The market is getting nervous about Powell’s testimony this week","url":"https://stock-news.laohu8.com/highlight/detail?id=1198320495","media":"cnbc","summary":"Federal Reserve Chairman Jerome Powell speaks twice to Congress this week as part of mandated semiannual testimony.Normally nonevents for the market, the central bank leader’s comments will be viewed closely this week for how he views this year’s run-up in bond yields.Investors worry that too quick of a rise might force the Fed to tighten policy too quickly, while a complacent Fed also would pose overheating risks.Rising bond yields and accompanying inflation fears are adding a level of drama to","content":"<div>\n<p>KEY POINTSFederal Reserve Chairman Jerome Powell speaks twice to Congress this week as part of mandated semiannual testimony.Normally nonevents for the market, the central bank leader’s comments will ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/22/market-nervousness-growing-over-powells-testimony-to-congress-this-week.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The market is getting nervous about Powell’s testimony this week</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe market is getting nervous about Powell’s testimony this week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-23 21:39 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/02/22/market-nervousness-growing-over-powells-testimony-to-congress-this-week.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSFederal Reserve Chairman Jerome Powell speaks twice to Congress this week as part of mandated semiannual testimony.Normally nonevents for the market, the central bank leader’s comments will ...</p>\n\n<a href=\"https://www.cnbc.com/2021/02/22/market-nervousness-growing-over-powells-testimony-to-congress-this-week.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.cnbc.com/2021/02/22/market-nervousness-growing-over-powells-testimony-to-congress-this-week.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1198320495","content_text":"KEY POINTSFederal Reserve Chairman Jerome Powell speaks twice to Congress this week as part of mandated semiannual testimony.Normally nonevents for the market, the central bank leader’s comments will be viewed closely this week for how he views this year’s run-up in bond yields.Investors worry that too quick of a rise might force the Fed to tighten policy too quickly, while a complacent Fed also would pose overheating risks.Rising bond yields and accompanying inflation fears are adding a level of drama to Federal Reserve Chairman Jerome Powell’s appearance this week before Congress.The central bank chair is slated to address Senate and House panels on successive days as part of mandated semiannual updates on monetary policy.Normally routine affairs, recent financial market tumult and concerns about how the Fed may react have investors paying a bit more close attention than usual to the hearings scheduled for Tuesday and Wednesday.“This is one of the more interesting episodes in which a Fed chair has had to testify,” said Nathan Sheets, chief economist at PGIM Fixed Income. “Sometimes we say, ‘ho hum, no news.’ This is going to be news. He’s really caught between a rock and a hard place.”What’s got the market’s attention recently has been a pickup in government bond yields, particularly further out on the curve.While the 2-year is unchanged for 2021, the 5-year has risen nearly a quarter percentage point as of Friday’s market close while the benchmark 10-year note has seen its yield jump 41 basis points to 1.34%, an area where it hasn’t been since around the same time in 2020, before the worst of the pandemic struck.The 30-year bond yield has surged even more, leaping nearly half a point this year to 2.14%.Powell’s dilemma is this: Rising bond yields could be signaling the reflation of the economy that the Fed has been pushing and are therefore higher for good reasons. However, should the trend get out of control, the Fed then might have to tighten policy faster than the market expects, offsetting some of the good that has come with the burst in yields.Complicating the matter is that markets also might not like it if Powell is overly complacent.“If this testimony was behind closed doors, I think Jay Powell would be quite pleased with what he sees in the economy and the markets,” Sheets said, using the Fed chair’s nickname. “But given that it’s public, he’s got to be careful. If he’s too sanguine about the rise in rates, the markets are going to take that as a significant green light for rates to rip higher.”“The Fed is comfortable with an organic rise in rates reflecting shifts in views on growth and inflation,” he added. “But I think the Fed also wants to be careful that it doesn’t create and amplify a self-sustaining dynamic that pushes rates higher for other reasons.”Those “other reasons” primarily would be fears that the economy could overheat.Stimulus and more stimulusThe Fed has run historically loose policy for the past year, dropping its benchmark borrowing rate to near zero and buying at least $120 billion of bonds each month. That’s on top of a series of since-expired lending and liquidity programs implemented in the early days of the Covid-19 crisis.Along with that, Congress has come in with more than $3 trillion of fiscal stimulus and could approve up to $1.9 trillion more by the end of week.All that has transpired amid an economy that, besides a still-troubling employment problem primarily in the service sector, is humming. Wall Street is taking up first-quarter growth expectations and market-based indicators of inflation are rising.That’s why Powell’s tightrope walk this week will be all the more compelling.“The market mood has changed,”Mohamed El-Erian, chief economic advisor at Allianz, said Monday on CNBC’s “Squawk Box.” It’s no longer whether yields are going higher, it’s when is the move too big. That’s what the market’s trying to figure out.”Investors are particularly concerned whether all the stimulus isn’t going overboard and threatening to destabilize the economy over the longer run.“I can predict that the yellow lights are flashing all over the Fed because of the [yields] move and the steepening of the yield curve, and the Fed may do more to try to control yields,” El-Erian said.Fed officials have largely dismissed so-called yield curve control to use its bond purchasing power to control rates between various fixed income maturities.But the market could force the Fed’s hand, and Powell is likely to get asked about where he stands on what tools the Fed has to calm market issues. He has repeatedly stressed that the central bank has the weapons to control inflation, but deploying those comes with a price. Markets used to low yields and companies accustomed to cheap borrowing costs could get rattled by an unexpected Fed move.Evidence of how clearly the market is watching the issue came Monday morning, when European Central Bank President Christine Lagarde said she is “closely monitoring the evolution of longer-term nominal bond yields.” Her words were enough to calm a jittery market and turn what had been an opening loss on Wall Street into a mixed market with the Dow up in early afternoon trading. Treasury yields were mostly flat on the day.Tom Lee, managing partner and head of research at Fundstrat Global Advisors, noted that his “clients have already expressed some apprehension about this week. Part of this reflects the fact that bond yields have been steadily rising and equity investors are nervous that the bond market might reach some sort of ‘breaking point’” during Powell’s testimony.Powell speaks Tuesday before the Senate Finance Committee then Wednesday to the House Financial Services Committee.","news_type":1},"isVote":1,"tweetType":1,"viewCount":304,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":387554062,"gmtCreate":1613759219956,"gmtModify":1704884783839,"author":{"id":"3575683522809139","authorId":"3575683522809139","name":"ScarletK","avatar":"https://static.tigerbbs.com/5868eef6300d2210b1f895f1ce46e725","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575683522809139","authorIdStr":"3575683522809139"},"themes":[],"htmlText":"yes","listText":"yes","text":"yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/387554062","repostId":"1161529893","repostType":4,"repost":{"id":"1161529893","kind":"news","pubTimestamp":1613733842,"share":"https://ttm.financial/m/news/1161529893?lang=&edition=fundamental","pubTime":"2021-02-19 19:24","market":"us","language":"en","title":"Goldman Sachs is joining the robo-investing party — should you?","url":"https://stock-news.laohu8.com/highlight/detail?id=1161529893","media":"Marketwatch","summary":"‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.Robo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.Now anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by so","content":"<blockquote>\n ‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.\n</blockquote>\n<p>Robo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.</p>\n<p>Now anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by some of Goldman Sachs’ wealthiest clients for a 0.35% annual advisory fee. But investing experts say there are more costs to consider before jumping on the robo-investing train.</p>\n<p>“Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.</p>\n<p>Although the 35 basis-point price tag is a “loss leader” to Goldman Sachs, he said companies typically make such offers in order to attract clients to cross-sell them banking products.</p>\n<p>“People forget that banks are ultimately in the business of making money,” he said.</p>\n<p>Goldman Sachs declined to comment.</p>\n<p>The company is among other major financial-services firms offering digital advisers, including Vanguard, Fidelity and Schwab SCHW, +1.03% and startups such as Betterment and Wealthfront.</p>\n<p>Fees for robo advisers can start at around 0.25%, and increase to 1% and above for traditional brokers. A survey of nearly 1,000 financial planners by Inside Information, a trade publication, found that the bigger the portfolio, the lower the percentage clients paid in fees.</p>\n<p>The median annual charge hovered at around 1% for portfolios of $1 million or less, and 0.5% for portfolios worth $5 million to $10 million.</p>\n<p>Robo advisers like those on offer from Goldman Sachs and Betterment differ from robo platforms like Robinhood. The former suggest portfolios focused on exchange-traded funds, while Robinhood allows users to invest in individual ETFs, stocks, options and even cryptocurrencies.</p>\n<p><b>Robo investing as a self-driving car</b></p>\n<p>Consumers have turned to robo-investing at unprecedented levels during the pandemic.</p>\n<p>The rate of new accounts opened jumped between 50% and 300% during the first quarter of 2020 compared to the fourth quarter of last year, according to a May report published by research and advisory firm Aite Group.</p>\n<p>So what is rob-investing? Think of it like a self-driving car.</p>\n<p>You put in your destination, buckle up in the backseat and your driver (robo adviser) will get there. You, the passenger, can’t easily slam the breaks if you fear your driver is leading you in the wrong direction. Nor can you put your foot on the gas pedal if you’re in a rush and want to get to your destination faster.</p>\n<p>Robo-investing platforms use advanced-trading algorithm software to design investment portfolios based on factors such as an individual’s appetite for risk-taking and desired short-term and long-term returns.</p>\n<p>There are over 200 platforms that provide these services charging typically no more than a 0.5% annual advisory fee, compared to the 1% annual fee human investment advisors charge.</p>\n<p>And rather than investing entirely on your own, which can become a second job and lead to emotional investment decisions, robo advisers handle buying and selling assets.</p>\n<p>Cynthia Loh, Schwab vice president of Digital Advice and Innovation, disagrees, and argues that robo investing doesn’t mean giving technology control of your money. Schwab, she said, has a team of investment experts who oversee investment strategy and keep watch during periods of market volatility, although some services have more input from humans than others.</p>\n<p>As she recently wrote on MarketWatch: “One common misconception about automated investing is that choosing a robo adviser essentially means handing control of your money over to robots. The truth is that robo solutions have a combination of automated and human components running things behind the scenes.”</p>\n<p><b>Robos appeal to inexperienced investors</b></p>\n<p>Robo investing tends to appeal to inexperienced investors or ones who don’t have the time or energy to manage their own portfolios. These investors can take comfort in the “set it and forget it approach to investing and overtime let the markets do their thing,” Barse said.</p>\n<p>That makes it much easier to stomach market volatility knowing that you don’t necessarily have to make spur-of-the-moment decisions to buy or sell assets, said Tiffany Lam-Balfour, an investing and retirement specialist at NerdWallet.</p>\n<p>“When you’re investing, you don’t want to keep looking at the market and going ‘Oh I need to get out of this,’” she said. “You want to leave it to the professionals to get you through it because they know what your time horizon is, and they’ll adjust your portfolio automatically for you.”</p>\n<p>That said, “you can’t just expect your investments will only go up. Even if you had the world’s best human financial adviser you can’t expect that.”</p>\n<p>Others disagree, and say robo advisers appeal to older investors. “Planning for and paying yourself in retirement is complex. There are many options out there to help investors through it, and robo investing is one of them,” Loh said.</p>\n<p>“Many thoughtful, long-term investors have discovered that they want a more modern, streamlined, and inexpensive way to invest, and robo investing fits the bill. They are happy to let technology handle the mundane activities that are harder and more time-consuming for investors to do themselves,” she added.</p>\n<p><b>There is often no door to knock on</b></p>\n<p>Your robo adviser only knows what you tell it. The simplistic questionnaire you’re required to fill out will on most robo-investing platforms will collect information on your annual income, desired age to retire and the level of risk you’re willing to take on.</p>\n<p>It won’t however know if you just had a child and would like to begin saving for their education down the road or if you recently lost your job.</p>\n<p>“The question then becomes to whom does that person go to for advice and does that platform offer that and if so, to what level of complexity?” said Barse.</p>\n<p>Not all platforms give individualized investment advice and the hybrid models that do offer advice from a human tend to charge higher annual fees.</p>\n<p>Additionally, a robo adviser won’t necessarily “manage your money with tax efficiency at front of mind,” said Roger Ma, a certified financial planner at Lifelaidout, a New York City-based financial advisory group.</p>\n<p>For instance, one common way investors offset the taxes they pay on long-term investments is by selling assets that have accrued losses. Traditional advisers often specialize in constructing portfolios that lead to the most tax-efficient outcomes, said Ma, who is the author of “Work Your Money, Not Your Life”.</p>\n<p>But with robo investing, the trades that are made for you are the same ones that are being made for a slew of other investors who may fall under a different tax-bracket than you.</p>\n<p>On top of that, while robo investing may feel like a simplistic way to get into investing, especially for beginners it can “overcomplicate investing,” Ma said.</p>\n<p>“If you are just looking to dip your toe in and you want to feel like you’re invested in a diversified portfolio, I wouldn’t say definitely don’t do a robo adviser,” he said.</p>\n<p>Don’t rule out investing through a target-date fund that selects a single fund to invest in and adjusts the position over time based on their investment goals, he added.</p>\n<p>But not everyone can tell the difference between robo advice and advice from a human being. In 2015, MarketWatch asked four prominent robo advisers and four of the traditional, flesh-and-blood variety to construct portfolios for a hypothetical 35-year-old investor with $40,000 to invest.</p>\n<p>The results were, perhaps, surprising for critics of robo advisers. The robots’ suggestions were “not massively different” from what the human advisers proposed, said Michael Kitces, Pinnacle Advisory Group’s research director, after reviewing the results.</p>\n<p></p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs is joining the robo-investing party — should you?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs is joining the robo-investing party — should you?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-02-19 19:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/goldman-sachs-is-joining-the-robo-investing-party-should-you-11613658128?mod=home-page><strong>Marketwatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.\n\nRobo investing has become ...</p>\n\n<a href=\"https://www.marketwatch.com/story/goldman-sachs-is-joining-the-robo-investing-party-should-you-11613658128?mod=home-page\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.marketwatch.com/story/goldman-sachs-is-joining-the-robo-investing-party-should-you-11613658128?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161529893","content_text":"‘Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.\n\nRobo investing has become increasingly ubiquitous on practically every brokerage platform. Until Tuesday, Goldman Sachs GS, -0.91% restricted its robo-advisory service, Marcus, to people who had at least $10 million to invest.\nNow anyone with at least $1,000 to invest in can access the same trading algorithms that have been used by some of Goldman Sachs’ wealthiest clients for a 0.35% annual advisory fee. But investing experts say there are more costs to consider before jumping on the robo-investing train.\n“Much like in Vegas, the house generally wins,” said Vance Barse, a San Diego, California-based financial advisor who runs a company called Your Dedicated Fiduciary.\nAlthough the 35 basis-point price tag is a “loss leader” to Goldman Sachs, he said companies typically make such offers in order to attract clients to cross-sell them banking products.\n“People forget that banks are ultimately in the business of making money,” he said.\nGoldman Sachs declined to comment.\nThe company is among other major financial-services firms offering digital advisers, including Vanguard, Fidelity and Schwab SCHW, +1.03% and startups such as Betterment and Wealthfront.\nFees for robo advisers can start at around 0.25%, and increase to 1% and above for traditional brokers. A survey of nearly 1,000 financial planners by Inside Information, a trade publication, found that the bigger the portfolio, the lower the percentage clients paid in fees.\nThe median annual charge hovered at around 1% for portfolios of $1 million or less, and 0.5% for portfolios worth $5 million to $10 million.\nRobo advisers like those on offer from Goldman Sachs and Betterment differ from robo platforms like Robinhood. The former suggest portfolios focused on exchange-traded funds, while Robinhood allows users to invest in individual ETFs, stocks, options and even cryptocurrencies.\nRobo investing as a self-driving car\nConsumers have turned to robo-investing at unprecedented levels during the pandemic.\nThe rate of new accounts opened jumped between 50% and 300% during the first quarter of 2020 compared to the fourth quarter of last year, according to a May report published by research and advisory firm Aite Group.\nSo what is rob-investing? Think of it like a self-driving car.\nYou put in your destination, buckle up in the backseat and your driver (robo adviser) will get there. You, the passenger, can’t easily slam the breaks if you fear your driver is leading you in the wrong direction. Nor can you put your foot on the gas pedal if you’re in a rush and want to get to your destination faster.\nRobo-investing platforms use advanced-trading algorithm software to design investment portfolios based on factors such as an individual’s appetite for risk-taking and desired short-term and long-term returns.\nThere are over 200 platforms that provide these services charging typically no more than a 0.5% annual advisory fee, compared to the 1% annual fee human investment advisors charge.\nAnd rather than investing entirely on your own, which can become a second job and lead to emotional investment decisions, robo advisers handle buying and selling assets.\nCynthia Loh, Schwab vice president of Digital Advice and Innovation, disagrees, and argues that robo investing doesn’t mean giving technology control of your money. Schwab, she said, has a team of investment experts who oversee investment strategy and keep watch during periods of market volatility, although some services have more input from humans than others.\nAs she recently wrote on MarketWatch: “One common misconception about automated investing is that choosing a robo adviser essentially means handing control of your money over to robots. The truth is that robo solutions have a combination of automated and human components running things behind the scenes.”\nRobos appeal to inexperienced investors\nRobo investing tends to appeal to inexperienced investors or ones who don’t have the time or energy to manage their own portfolios. These investors can take comfort in the “set it and forget it approach to investing and overtime let the markets do their thing,” Barse said.\nThat makes it much easier to stomach market volatility knowing that you don’t necessarily have to make spur-of-the-moment decisions to buy or sell assets, said Tiffany Lam-Balfour, an investing and retirement specialist at NerdWallet.\n“When you’re investing, you don’t want to keep looking at the market and going ‘Oh I need to get out of this,’” she said. “You want to leave it to the professionals to get you through it because they know what your time horizon is, and they’ll adjust your portfolio automatically for you.”\nThat said, “you can’t just expect your investments will only go up. Even if you had the world’s best human financial adviser you can’t expect that.”\nOthers disagree, and say robo advisers appeal to older investors. “Planning for and paying yourself in retirement is complex. There are many options out there to help investors through it, and robo investing is one of them,” Loh said.\n“Many thoughtful, long-term investors have discovered that they want a more modern, streamlined, and inexpensive way to invest, and robo investing fits the bill. They are happy to let technology handle the mundane activities that are harder and more time-consuming for investors to do themselves,” she added.\nThere is often no door to knock on\nYour robo adviser only knows what you tell it. The simplistic questionnaire you’re required to fill out will on most robo-investing platforms will collect information on your annual income, desired age to retire and the level of risk you’re willing to take on.\nIt won’t however know if you just had a child and would like to begin saving for their education down the road or if you recently lost your job.\n“The question then becomes to whom does that person go to for advice and does that platform offer that and if so, to what level of complexity?” said Barse.\nNot all platforms give individualized investment advice and the hybrid models that do offer advice from a human tend to charge higher annual fees.\nAdditionally, a robo adviser won’t necessarily “manage your money with tax efficiency at front of mind,” said Roger Ma, a certified financial planner at Lifelaidout, a New York City-based financial advisory group.\nFor instance, one common way investors offset the taxes they pay on long-term investments is by selling assets that have accrued losses. Traditional advisers often specialize in constructing portfolios that lead to the most tax-efficient outcomes, said Ma, who is the author of “Work Your Money, Not Your Life”.\nBut with robo investing, the trades that are made for you are the same ones that are being made for a slew of other investors who may fall under a different tax-bracket than you.\nOn top of that, while robo investing may feel like a simplistic way to get into investing, especially for beginners it can “overcomplicate investing,” Ma said.\n“If you are just looking to dip your toe in and you want to feel like you’re invested in a diversified portfolio, I wouldn’t say definitely don’t do a robo adviser,” he said.\nDon’t rule out investing through a target-date fund that selects a single fund to invest in and adjusts the position over time based on their investment goals, he added.\nBut not everyone can tell the difference between robo advice and advice from a human being. In 2015, MarketWatch asked four prominent robo advisers and four of the traditional, flesh-and-blood variety to construct portfolios for a hypothetical 35-year-old investor with $40,000 to invest.\nThe results were, perhaps, surprising for critics of robo advisers. The robots’ suggestions were “not massively different” from what the human advisers proposed, said Michael Kitces, Pinnacle Advisory Group’s research director, after reviewing the results.","news_type":1},"isVote":1,"tweetType":1,"viewCount":186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":385628837,"gmtCreate":1613545947229,"gmtModify":1704881846077,"author":{"id":"3575683522809139","authorId":"3575683522809139","name":"ScarletK","avatar":"https://static.tigerbbs.com/5868eef6300d2210b1f895f1ce46e725","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575683522809139","authorIdStr":"3575683522809139"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/385628837","repostId":"1146053060","repostType":4,"isVote":1,"tweetType":1,"viewCount":155,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}