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SDLiuSG
2022-06-08
Good
集度造车交“答卷”:概念车发布,量产版今年秋季推出
SDLiuSG
2022-06-07
Great
@硬科技:高仙機器人:新品“奐影S1”發佈當日簽單超億元
SDLiuSG
2022-06-07
123
欧盟敲定统一充电接口协议,苹果躺赚的日子到头了?
SDLiuSG
2022-06-04
123
@小咖科技:新機不息,套娃不止,無誠意的realme難以征戰AIoT市場
SDLiuSG
2022-06-04
123
美联储鹰派高官:通胀未见顶,还需要几次50个基点加息
SDLiuSG
2022-06-01
123
SaaS概念股走高,Salesforce涨超13%
SDLiuSG
2022-05-29
123
全球最会炒股的央行巨亏?这是怎么回事
SDLiuSG
2022-05-25
123
蔚来自研电芯,将利空宁德时代?
SDLiuSG
2022-05-24
123
Snap盘后暴跌近30%!CEO预警财报将不及预期并计划放缓招聘
SDLiuSG
2022-05-24
123
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SDLiuSG
2022-05-23
Risk and opportunity
华尔街对年底美股走势预测分歧巨大!还在猜底?
SDLiuSG
2022-05-23
Risk and opportunity
华尔街对年底美股走势预测分歧巨大!还在猜底?
SDLiuSG
2022-05-22
123
币圈爆雷"炸"伤了谁?谨防"归零风险"
SDLiuSG
2022-05-22
123
Sorry, the original content has been removed
SDLiuSG
2022-05-20
123
Sorry, the original content has been removed
SDLiuSG
2022-05-20
123
“制裁令”已被架空?俄罗斯原油产量正在快速反弹
SDLiuSG
2022-05-03
123
夜读 | 如何寻找理想的交易入场位?
SDLiuSG
2022-05-02
123
苹果因支付问题面临欧盟反垄断诉讼
SDLiuSG
2022-05-01
123
伯克希尔:一季度净利同比下滑53%,大幅增持雪佛龙
SDLiuSG
2022-04-30
123
奈飞“失速”群雄并起,流媒体赛道硝烟弥漫
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22:40","market":"hk","language":"zh","title":"集度造车交“答卷”:概念车发布,量产版今年秋季推出","url":"https://stock-news.laohu8.com/highlight/detail?id=1109073629","media":"每日经济新闻","summary":"在高考第二日结束后,集度在造车问题上也交上了属于自己的一份“答卷”。","content":"<div>\n<p>在高考第二日结束后,集度在造车问题上也交上了属于自己的一份“答卷”。6月8日晚,集度发布了品牌首款概念车ROBO-01。据悉,集度计划于2022年秋季正式推出其首款量产车型的限定版,量产车型拥有与ROBO-01概念车90%的相似度。从2021年1月官宣创建智能汽车公司,到用百天确定了首款量产车的造型设计,到用一年时间完成汽车机器人概念车的视觉与功能设计,再到不到一年半亮相首款概念车ROBO-01,...</p>\n\n<a href=\"https://m.nbd.com.cn/articles/2022-06-08/2313584.html\">Web Link</a>\n\n</div>\n","source":"mrjjxw","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>集度造车交“答卷”:概念车发布,量产版今年秋季推出</title>\n<style 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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集度造车交“答卷”:概念车发布,量产版今年秋季推出\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-08 22:40 北京时间 <a href=https://m.nbd.com.cn/articles/2022-06-08/2313584.html><strong>每日经济新闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>在高考第二日结束后,集度在造车问题上也交上了属于自己的一份“答卷”。6月8日晚,集度发布了品牌首款概念车ROBO-01。据悉,集度计划于2022年秋季正式推出其首款量产车型的限定版,量产车型拥有与ROBO-01概念车90%的相似度。从2021年1月官宣创建智能汽车公司,到用百天确定了首款量产车的造型设计,到用一年时间完成汽车机器人概念车的视觉与功能设计,再到不到一年半亮相首款概念车ROBO-01,...</p>\n\n<a href=\"https://m.nbd.com.cn/articles/2022-06-08/2313584.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/65ae7d9112d50d31a74b7bbf5023ee6d","relate_stocks":{"00175":"吉利汽车","BIDU":"百度"},"source_url":"https://m.nbd.com.cn/articles/2022-06-08/2313584.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1109073629","content_text":"在高考第二日结束后,集度在造车问题上也交上了属于自己的一份“答卷”。6月8日晚,集度发布了品牌首款概念车ROBO-01。据悉,集度计划于2022年秋季正式推出其首款量产车型的限定版,量产车型拥有与ROBO-01概念车90%的相似度。从2021年1月官宣创建智能汽车公司,到用百天确定了首款量产车的造型设计,到用一年时间完成汽车机器人概念车的视觉与功能设计,再到不到一年半亮相首款概念车ROBO-01,集度在造车的进程方面不可谓不快。据了解,集度计划于2022年秋季正式推出其首款量产车型的限定版。此外,集度还将于今年的广州车展上发布其第二款量产车型的设计。首款量产车定价在20万元左右集度由百度与吉利合资成立,双方分别控股55%和45%。集度CEO夏一平此前曾表示,百度会在集度中做主导。具体而言,百度会在整体上负责端到端的服务,无论是软硬件都由百度主导进行。而借助百度在自动驾驶及智能座舱方面的积累,集度认为其产品的关键卖点不在于“电车”,而在于“智能”。公开资料显示,集度的首款产品将搭载百度诸多车载技术,包括无激光雷达纯视觉自动驾驶方案(ANP+AVP)、DuerOS 人工智能系统等,并搭载英伟达Orin X芯片和高通8295芯片,分别负责智能驾驶和智能座舱。图片来源:每经记者 孙磊 摄值得一提的是,集度首款产品的研发方式与传统汽车有所不同,其采取了\"敏捷开发\"模式,将智能座舱和智能驾驶的研发前置,从而缩短造车周期。据悉,集度借鉴飞机研发中的变稳飞机开发模式,推出集度SIMUCar(软件集成模拟样车),SIMUCar可以模拟未来车型的三电系统以及底盘系统,使得集度汽车能够在接近真实的整车环境下,研发和验证智能座舱、自动驾驶等功能,实现车辆工程和软件同步开发,提高研发效率。在2022年电动车百人会论坛期间,夏一平表示,在汽车制造方式方面,整个汽车的发展大方向是向着智能设备发展,但未来无论是打造四个轮子的机器人,还是在路上行走的机器人,采用造机器人的方式相对是比较通用的,而集度也将此次发布的概念车ROBO-01称作汽车机器人。“智能汽车3.0时代就是汽车机器人的时代,时代变革起点是汽车‘驾驶权’由人类向AI转移,AI驱动汽车进化。3.0时代的汽车行业将实现从能源变革向产品属性变革跃迁,其终极目标是汽车驾驶无人化。”夏一平说。除了智能化领域的积累之外,集度首款产品对比目前已有纯电动SUV最为直观的优势还在于其价格。与该车尺寸相近的特斯拉Model Y、福特Mustang Mach-E的售价在30万元左右。而百度CEO李彦宏在百度今年一季度财报电话会上透露,集度的目标市场是家庭用车,首款量产车定价在20万元左右,预计2023年量产交付。中国电子商会智能电动汽车专委会研究院副院长纪雪洪认为,集度汽车能否在2023年成功走向市场,取决于其“智能汽车机器人”的想法是否走得通。“对集度汽车而言,百度的自动驾驶技术储备是一大优势。但能否真正推出一个智能汽车机器人、从智能化的纬度进行竞争,是制约其取胜的关键因素。”纪雪洪告诉《每日经济新闻》记者。2024年交付第二款产品夏一平此前透露,集度首款产品使用的智能化架构JET可以实现软硬解耦,集度接下来每年都会基于该架构向市场投放一款新车。据悉,集度将于今年的广州车展,发布其第二款量产车型的设计,在2023年开始接受订单,并在2024年交付车辆。在车辆研发之外,集度还在推进产品制造、基础设施建设、渠道搭建等方面的布局。此前,有消息称,集度将在上海、北京两地设厂落地整车生产。对此,集度方面回应,集度没有在北京和上海设厂,集度首款车在吉利杭州湾工厂制造。值得一提的是,对于车企是否需要自建工厂或者采用代工的模式,夏一平曾公开透露过集度的想法。“整个造车的生命周期至少也得两三年,行业的变化是肯定的,但是短期我认为并不会发展到一个资源共享的代工模式。”夏一平认为,从整个世界发展看,地球资源是有限的,产能也不是无限扩张的,所以每一家公司最后再考虑本质的话还是回归核心:是自建工厂对公司有利还是走向资源共享带动模式,目前还是两种同时发展。除了在吉利工厂进行制造外,集度还会沿用吉利的供应链网络和供应链资源,且没有自建工厂的计划。夏一平认为,这可以降低供应商与新品牌合作的意愿,同时也可以降低产品成本。在基础设施建设方面,集度目前已在北京、上海两地分别设立了北京集度科技有限公司、上海集度汽车有限公司,注册资本均为3.09亿美元,法定代表人均为夏一平。两家新公司经营业务主要是新能源汽车整车及相关零部件的制造、销售、技术服务,以及新能源汽车换电设施销售、电动汽车充电基础设施运营等。图片来源:每经记者 孙磊 摄纪雪洪认为,当前完善新能源汽车配套设施已成为蔚来汽车、小鹏汽车等新能源车企提升用户体验的重要措施。“集度汽车与上述车企在配套设施方面有着明显差距,提早搭建充换电设施有助于在汽车产品推出时提供更好的服务。”纪雪洪说。在渠道建设上,集度将采取自建渠道模式,未来也不排除会探索一些新模式。不过,初期仍然会自建直营渠道。不难看出,集度正在为实现产品量产及以后的工作进行布局。江西新能源科技职业学院新能源汽车技术研究院院长张翔认为:“尽管今年国内新能源汽车销量快速增长,但仍有较大成长空间。因此集度等新玩家仍有机会。”","news_type":1},"isVote":1,"tweetType":1,"viewCount":443,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9051016643,"gmtCreate":1654608452782,"gmtModify":1676535477035,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9051016643","repostId":"615171715","repostType":1,"repost":{"id":615171715,"gmtCreate":1652859008437,"gmtModify":1676533118059,"author":{"id":"4091686409339050","authorId":"4091686409339050","name":"硬科技","avatar":"https://static.tigerbbs.com/5af5a3bfa4ca7d0599601f1fbecf0d30","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4091686409339050","authorIdStr":"4091686409339050"},"themes":[],"title":"高仙機器人:新品“奐影S1”發佈當日簽單超億元","htmlText":"高仙機器人:商用清潔機器人新品“奐影S1”發佈當日簽單超億元近日,高仙機器人發佈其商用清潔機器人新品“奐影S1”,這一產品在國內與海外同步銷售,海外名爲“Phantas”。據官方介紹,發佈當日,高仙機器人即簽單超1億元。(36氪)更多熱點資訊、洞察分析、研究報告、直播課程……敬請關注【硬科技】歡迎在各大主流平臺搜索【硬科技】,認準藍色logo的賬號!在這裏看見、讀懂和連接硬科技!我們聚焦光電芯片、人工智能、航空航天、新能源、智能汽車、生物醫藥、科創金融等行業,並依託於科技創新情報SaaS服務商智慧芽所擁有的獨特科技情報數據優勢,與讀者一起看見技術趨勢,讀懂硬科技產業,連接創新未來。“硬科技”由智慧芽創新研究中心出品。","listText":"高仙機器人:商用清潔機器人新品“奐影S1”發佈當日簽單超億元近日,高仙機器人發佈其商用清潔機器人新品“奐影S1”,這一產品在國內與海外同步銷售,海外名爲“Phantas”。據官方介紹,發佈當日,高仙機器人即簽單超1億元。(36氪)更多熱點資訊、洞察分析、研究報告、直播課程……敬請關注【硬科技】歡迎在各大主流平臺搜索【硬科技】,認準藍色logo的賬號!在這裏看見、讀懂和連接硬科技!我們聚焦光電芯片、人工智能、航空航天、新能源、智能汽車、生物醫藥、科創金融等行業,並依託於科技創新情報SaaS服務商智慧芽所擁有的獨特科技情報數據優勢,與讀者一起看見技術趨勢,讀懂硬科技產業,連接創新未來。“硬科技”由智慧芽創新研究中心出品。","text":"高仙機器人:商用清潔機器人新品“奐影S1”發佈當日簽單超億元近日,高仙機器人發佈其商用清潔機器人新品“奐影S1”,這一產品在國內與海外同步銷售,海外名爲“Phantas”。據官方介紹,發佈當日,高仙機器人即簽單超1億元。(36氪)更多熱點資訊、洞察分析、研究報告、直播課程……敬請關注【硬科技】歡迎在各大主流平臺搜索【硬科技】,認準藍色logo的賬號!在這裏看見、讀懂和連接硬科技!我們聚焦光電芯片、人工智能、航空航天、新能源、智能汽車、生物醫藥、科創金融等行業,並依託於科技創新情報SaaS服務商智慧芽所擁有的獨特科技情報數據優勢,與讀者一起看見技術趨勢,讀懂硬科技產業,連接創新未來。“硬科技”由智慧芽創新研究中心出品。","images":[{"img":"https://static.tigerbbs.com/797612589130f0f9198e6259a4d95f43"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/615171715","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":419,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9051018506,"gmtCreate":1654608394405,"gmtModify":1676535477004,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"123","listText":"123","text":"123","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9051018506","repostId":"1171329114","repostType":4,"repost":{"id":"1171329114","pubTimestamp":1654601737,"share":"https://ttm.financial/m/news/1171329114?lang=&edition=fundamental","pubTime":"2022-06-07 19:35","market":"us","language":"zh","title":"欧盟敲定统一充电接口协议,苹果躺赚的日子到头了?","url":"https://stock-news.laohu8.com/highlight/detail?id=1171329114","media":"华尔街见闻","summary":"苹果公司未来的iPhone机型将使用更流行的USB-C(USB Type-C)接口。","content":"<html><head></head><body><p>作者:王眉</p><p>据媒体报道,苹果公司正在测试未来的iPhone机型,这些机型将使用更流行的USB-C(USB Type-C)接口,以取代目前的Lightning充电接口,<b>此举可能有助于该公司符合即将到来的欧洲法规的规定。</b></p><p><img src=\"https://static.tigerbbs.com/60c4ba8c4237674da79996d67276432c\" tg-width=\"496\" tg-height=\"296\" referrerpolicy=\"no-referrer\"/></p><p>据最新消息,欧盟轮值主席国法国在推特上表示,欧盟就手机和智能设备的通用充电器达成了一项临时协议。该协议文本将很快提交给欧盟各国大使批准,然后再转交给欧盟议会。</p><p><b>根据欧盟议会声明,到2024年秋季,USB-C接口将成为所有手机、平板电脑和相机的通用充电端口。</b>夏季休会后,欧盟议会和理事会将必须正式批准该协议。</p><p>知情人士表示,最近几个月,除了测试带有USB-C接口的机型外,苹果还在研发一种适配器,以让未来使用USB-C接口的iphone能够使用专为目前Lightning接口设计的配件。</p><p>实际上,如今很多智能设备使用的都是USB-C接口,该接口不分正反,充电速率极快,并且数据线不易坏,安卓手机也基本实现了USB-C接口的普及。</p><p>而且,苹果的大多数ipad和mac电脑已经使用USB-C接口,而不是Lightning接口。但只有苹果手机还在用Lightning接口。</p><p>这意味着苹果用户不能为他们的iPhone、ipad和mac使用一个充电器——考虑到苹果一向崇尚简约,这是一个奇怪的设置。</p><p><b>之所以坚持使用Lightning接口,主要原因还是因为利润。</b>由于苹果能够在MFI数据线认证这一块赚取不少利润,因此也就迟迟不肯放弃在手机上使用Lightning接口。</p><p>报道称,<b>如果苹果继续实行该变更,最早也要到2023年才会发生。苹果计划在今年的新机型上保留Lightning接口。</b></p></body></html>","source":"highlight_wallstreetcn","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" 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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欧盟敲定统一充电接口协议,苹果躺赚的日子到头了?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-07 19:35 北京时间 <a href=https://wallstreetcn.com/articles/3661316><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>作者:王眉据媒体报道,苹果公司正在测试未来的iPhone机型,这些机型将使用更流行的USB-C(USB Type-C)接口,以取代目前的Lightning充电接口,此举可能有助于该公司符合即将到来的欧洲法规的规定。据最新消息,欧盟轮值主席国法国在推特上表示,欧盟就手机和智能设备的通用充电器达成了一项临时协议。该协议文本将很快提交给欧盟各国大使批准,然后再转交给欧盟议会。根据欧盟议会声明,到2024...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3661316\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/60c4ba8c4237674da79996d67276432c","relate_stocks":{"AAPL":"苹果"},"source_url":"https://wallstreetcn.com/articles/3661316","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1171329114","content_text":"作者:王眉据媒体报道,苹果公司正在测试未来的iPhone机型,这些机型将使用更流行的USB-C(USB Type-C)接口,以取代目前的Lightning充电接口,此举可能有助于该公司符合即将到来的欧洲法规的规定。据最新消息,欧盟轮值主席国法国在推特上表示,欧盟就手机和智能设备的通用充电器达成了一项临时协议。该协议文本将很快提交给欧盟各国大使批准,然后再转交给欧盟议会。根据欧盟议会声明,到2024年秋季,USB-C接口将成为所有手机、平板电脑和相机的通用充电端口。夏季休会后,欧盟议会和理事会将必须正式批准该协议。知情人士表示,最近几个月,除了测试带有USB-C接口的机型外,苹果还在研发一种适配器,以让未来使用USB-C接口的iphone能够使用专为目前Lightning接口设计的配件。实际上,如今很多智能设备使用的都是USB-C接口,该接口不分正反,充电速率极快,并且数据线不易坏,安卓手机也基本实现了USB-C接口的普及。而且,苹果的大多数ipad和mac电脑已经使用USB-C接口,而不是Lightning接口。但只有苹果手机还在用Lightning接口。这意味着苹果用户不能为他们的iPhone、ipad和mac使用一个充电器——考虑到苹果一向崇尚简约,这是一个奇怪的设置。之所以坚持使用Lightning接口,主要原因还是因为利润。由于苹果能够在MFI数据线认证这一块赚取不少利润,因此也就迟迟不肯放弃在手机上使用Lightning接口。报道称,如果苹果继续实行该变更,最早也要到2023年才会发生。苹果计划在今年的新机型上保留Lightning接口。","news_type":1},"isVote":1,"tweetType":1,"viewCount":214,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9059319855,"gmtCreate":1654302426677,"gmtModify":1676535427098,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"123","listText":"123","text":"123","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9059319855","repostId":"614023207","repostType":1,"repost":{"id":614023207,"gmtCreate":1653295415610,"gmtModify":1676533137257,"author":{"id":"3561585442012100","authorId":"3561585442012100","name":"小咖科技","avatar":"https://static.tigerbbs.com/c49940af36b09d1a12780ffb55f8fceb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3561585442012100","authorIdStr":"3561585442012100"},"themes":[],"title":"新機不息,套娃不止,無誠意的realme難以征戰AIoT市場","htmlText":"文/張詩雨在機海戰術的助推下,手機套娃成realme的慣用手段。但萬萬沒想到,其宣傳即將推出的旗下首款平板也將使用這種套娃手段,顯然,realme這是要在套娃的路上越走越遠。筆者曾在《濫用機海戰術的realme問題顯現,成立近四年依然難逃小衆品牌宿命》一文中指出,在realme去年發佈的一系列機型中,realme GT、realme GTNeo、realme X7 Ultra、realme Q3i、realme Q3以及realme Q3Pro,通過對比發現,realme就是“無限套娃”技術。比如GT、GTNeo、Q3Pro三款手機,都有相同的後置三攝模組、6.43英寸AMOLED屏、3D鋼化液冷散熱,以及4500mAh大電池等。realme GT Neo閃速版和realme GT Neo則更誇張,兩款手機均採用天璣1200SOC,支持WIFI6,屏幕也都採用三星AMOLED屏幕,都支持6400萬索尼廣角三攝,不同點只是配色和充電速度上。嚐到甜頭的realme如今又將這種套娃“技術”完美複製在其平板產品上。據此前媒體報道,真我即將發佈的旗下第一款平板realme Pad搭載驍龍870芯片,同時也會搭載2.5K分辨率的120Hz LCD屏幕,電池容量爲8360mAh。realme徐起表示,該產品將會是同價位“板王”。衆所周知,武俠小說中有一項絕技叫易容術,將易容工具套在頭上可以變換面目,人皮面具最爲精緻,據說能以假亂真,武林中許多高手皆擅此道,在江湖上行走時廣泛使用。realme瘋狂造勢下也難掩尷尬,套娃情景比電視劇情節還要精彩。OPPO在二月份發佈的OPPO pad也採用了2.5K 120Hz高刷新率屏幕,搭載高通驍龍870旗艦處理器,電池容量爲8360mAh。如果realme的新品果真是如此配置,可以說,又將是realme換湯不換藥的騷操作。值得注意的是,很多廠商不乏套娃","listText":"文/張詩雨在機海戰術的助推下,手機套娃成realme的慣用手段。但萬萬沒想到,其宣傳即將推出的旗下首款平板也將使用這種套娃手段,顯然,realme這是要在套娃的路上越走越遠。筆者曾在《濫用機海戰術的realme問題顯現,成立近四年依然難逃小衆品牌宿命》一文中指出,在realme去年發佈的一系列機型中,realme GT、realme GTNeo、realme X7 Ultra、realme Q3i、realme Q3以及realme Q3Pro,通過對比發現,realme就是“無限套娃”技術。比如GT、GTNeo、Q3Pro三款手機,都有相同的後置三攝模組、6.43英寸AMOLED屏、3D鋼化液冷散熱,以及4500mAh大電池等。realme GT Neo閃速版和realme GT Neo則更誇張,兩款手機均採用天璣1200SOC,支持WIFI6,屏幕也都採用三星AMOLED屏幕,都支持6400萬索尼廣角三攝,不同點只是配色和充電速度上。嚐到甜頭的realme如今又將這種套娃“技術”完美複製在其平板產品上。據此前媒體報道,真我即將發佈的旗下第一款平板realme Pad搭載驍龍870芯片,同時也會搭載2.5K分辨率的120Hz LCD屏幕,電池容量爲8360mAh。realme徐起表示,該產品將會是同價位“板王”。衆所周知,武俠小說中有一項絕技叫易容術,將易容工具套在頭上可以變換面目,人皮面具最爲精緻,據說能以假亂真,武林中許多高手皆擅此道,在江湖上行走時廣泛使用。realme瘋狂造勢下也難掩尷尬,套娃情景比電視劇情節還要精彩。OPPO在二月份發佈的OPPO pad也採用了2.5K 120Hz高刷新率屏幕,搭載高通驍龍870旗艦處理器,電池容量爲8360mAh。如果realme的新品果真是如此配置,可以說,又將是realme換湯不換藥的騷操作。值得注意的是,很多廠商不乏套娃","text":"文/張詩雨在機海戰術的助推下,手機套娃成realme的慣用手段。但萬萬沒想到,其宣傳即將推出的旗下首款平板也將使用這種套娃手段,顯然,realme這是要在套娃的路上越走越遠。筆者曾在《濫用機海戰術的realme問題顯現,成立近四年依然難逃小衆品牌宿命》一文中指出,在realme去年發佈的一系列機型中,realme GT、realme GTNeo、realme X7 Ultra、realme Q3i、realme Q3以及realme Q3Pro,通過對比發現,realme就是“無限套娃”技術。比如GT、GTNeo、Q3Pro三款手機,都有相同的後置三攝模組、6.43英寸AMOLED屏、3D鋼化液冷散熱,以及4500mAh大電池等。realme GT Neo閃速版和realme GT Neo則更誇張,兩款手機均採用天璣1200SOC,支持WIFI6,屏幕也都採用三星AMOLED屏幕,都支持6400萬索尼廣角三攝,不同點只是配色和充電速度上。嚐到甜頭的realme如今又將這種套娃“技術”完美複製在其平板產品上。據此前媒體報道,真我即將發佈的旗下第一款平板realme Pad搭載驍龍870芯片,同時也會搭載2.5K分辨率的120Hz LCD屏幕,電池容量爲8360mAh。realme徐起表示,該產品將會是同價位“板王”。衆所周知,武俠小說中有一項絕技叫易容術,將易容工具套在頭上可以變換面目,人皮面具最爲精緻,據說能以假亂真,武林中許多高手皆擅此道,在江湖上行走時廣泛使用。realme瘋狂造勢下也難掩尷尬,套娃情景比電視劇情節還要精彩。OPPO在二月份發佈的OPPO pad也採用了2.5K 120Hz高刷新率屏幕,搭載高通驍龍870旗艦處理器,電池容量爲8360mAh。如果realme的新品果真是如此配置,可以說,又將是realme換湯不換藥的騷操作。值得注意的是,很多廠商不乏套娃","images":[{"img":"https://static.tigerbbs.com/3a643472d5d07d5b423ebb04fc5c6de9"},{"img":"https://static.tigerbbs.com/d9cd8bf041073ef424d14dbcc76e8e93"},{"img":"https://static.tigerbbs.com/c15fad33c7f1803386273a925aa0bb0d"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/614023207","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":316,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9059310620,"gmtCreate":1654302348660,"gmtModify":1676535427106,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"123","listText":"123","text":"123","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9059310620","repostId":"2240203501","repostType":4,"repost":{"id":"2240203501","pubTimestamp":1654290414,"share":"https://ttm.financial/m/news/2240203501?lang=&edition=fundamental","pubTime":"2022-06-04 05:06","market":"us","language":"zh","title":"美联储鹰派高官:通胀未见顶,还需要几次50个基点加息","url":"https://stock-news.laohu8.com/highlight/detail?id=2240203501","media":"华尔街见闻","summary":"2022年票委克利夫兰联储主席梅斯特周五称,需要看到通胀正在回落的令人信服的证据,包括连续几个月的数据下降,才能得出通胀已经见顶的结论。如果通胀不降温,可能支持9月加息50个基点。","content":"<html><head></head><body><p>美东时间6月3日周五,2022年票委、克利夫兰联储主席梅斯特表示其支持在未来几个月加息50个基点,因为其并没有看到足够的证据表明通胀已经见顶。</p><blockquote>我仍然倾向于支持FOMC在6月和7月分别加息50个基点。如果通胀没能回落,我将支持FOMC在9月份进一步加息50个基点。</blockquote><p>周五,华尔街见闻稍早前文章提及美国劳工部发布5月非农就业报告,数据显示,美国5月非农就业新增39万,超过预期的32万人,但逊于4月前值的42.8万人,并创2021年4月以来的13个月最小增幅。分析指出,薪资增幅放缓有助于缓解通胀,数据显示劳动力市场依旧趋紧。梅斯特在谈及最新出炉的非农数据时表示:</p><blockquote>(最新发布的非农)就业报告是强劲的,薪资增速放缓也是好事。 希望看到就业市场在一定程度上出现回调。希望有令人信服的证据表明美国出现通胀下滑趋势。</blockquote><p>虽然最近的其他数据点显示,至少通胀上升的速度已经减弱,但梅斯特表示,她需要看到这种趋势延续多个月后才能真正安心:</p><blockquote>在我看到真正令人信服的证据表明我们的行动开始在使需求下降与总供给更好地平衡方面发挥作用之前,我不想宣布通胀的胜利。</blockquote><blockquote>现在说这将改变我们的前景或我的政策前景还太早,经济中的头号问题仍然是非常高的通货膨胀,已远远高于可接受的水平,这必须是我们未来的重点。</blockquote><p>美联储在5月初将基准利率上调了50个基点,并暗示将在6月和7月进行类似幅度的加息,以迅速将利率调至既不刺激、也不放缓经济的水平。美联储5月份会议的纪要显示,官员们对于9月份采取何种行动持更加开放的态度,将根据通货膨胀的情况而定。</p><p>亚特兰大联储主席博斯蒂克近期表示如果夏季通胀下降速度快于预期,美联储可能考虑在9月暂停加息后,引来市场强烈的反应。不过上周提出“9月暂停加息”观点的博斯蒂克这周明确澄清,观点与救助市场无关。</p><p>不过,在任内始终拥有FOMC会议投票权的美联储理事沃勒驳斥了9月暂停加息的说法,称他倾向于在接下来的“几次会议”上加息50基点的鹰派言论后,市场刚刚开始兴起的美联储9月暂停加息预期“退烧”。而本周四美联储二号人物布雷纳德也称,“很难找到9月份暂停加息的理由”。</p><p>作为美联储鹰派的梅斯特,曾在5月中旬表示9月加息75个基点的可能性被再次提上日程。不过,梅斯特本周四和周五的言论则显示了些许变化,周四她曾表示:</p><blockquote>如果到9月的联邦公开市场委员会会议上,月度通胀数据提供了令人信服的证据,表明通胀正在下降,那么加息的步伐可能会放缓;如果通胀未能缓和,那么可能有必要加快加息步伐。</blockquote><p>不过梅斯特也警告称,美国爆发经济衰退的风险正在加重,但经济大幅放缓仍可避免。</p><p>美联储官员将在两周后的6月14日、15日召开下一次政策会议。</p></body></html>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>美联储鹰派高官:通胀未见顶,还需要几次50个基点加息</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; 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}\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n美联储鹰派高官:通胀未见顶,还需要几次50个基点加息\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-04 05:06 北京时间 <a href=https://wallstreetcn.com/articles/3661072><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>美东时间6月3日周五,2022年票委、克利夫兰联储主席梅斯特表示其支持在未来几个月加息50个基点,因为其并没有看到足够的证据表明通胀已经见顶。我仍然倾向于支持FOMC在6月和7月分别加息50个基点。如果通胀没能回落,我将支持FOMC在9月份进一步加息50个基点。周五,华尔街见闻稍早前文章提及美国劳工部发布5月非农就业报告,数据显示,美国5月非农就业新增39万,超过预期的32万人,但逊于4月前值的...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3661072\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/02a85629f2a809e4eabd8677140a5f70","relate_stocks":{"161125":"标普500","513500":"标普500ETF","SQQQ":"纳指三倍做空ETF","BK4581":"高盛持仓","DOG":"道指反向ETF","BK4504":"桥水持仓","SPY":"标普500ETF",".DJI":"道琼斯","QLD":"纳指两倍做多ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","OEX":"标普100","TQQQ":"纳指三倍做多ETF","SDOW":"道指三倍做空ETF-ProShares","OEF":"标普100指数ETF-iShares","PSQ":"纳指反向ETF","SDS":"两倍做空标普500ETF","UPRO":"三倍做多标普500ETF","UDOW":"道指三倍做多ETF-ProShares","QQQ":"纳指100ETF","BK4534":"瑞士信贷持仓","DJX":"1/100道琼斯","IVV":"标普500指数ETF","DXD":"道指两倍做空ETF","BK4559":"巴菲特持仓","QID":"纳指两倍做空ETF","SH":"标普500反向ETF","SSO":"两倍做多标普500ETF","BK4550":"红杉资本持仓","DDM":"道指两倍做多ETF","SPXU":"三倍做空标普500ETF"},"source_url":"https://wallstreetcn.com/articles/3661072","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2240203501","content_text":"美东时间6月3日周五,2022年票委、克利夫兰联储主席梅斯特表示其支持在未来几个月加息50个基点,因为其并没有看到足够的证据表明通胀已经见顶。我仍然倾向于支持FOMC在6月和7月分别加息50个基点。如果通胀没能回落,我将支持FOMC在9月份进一步加息50个基点。周五,华尔街见闻稍早前文章提及美国劳工部发布5月非农就业报告,数据显示,美国5月非农就业新增39万,超过预期的32万人,但逊于4月前值的42.8万人,并创2021年4月以来的13个月最小增幅。分析指出,薪资增幅放缓有助于缓解通胀,数据显示劳动力市场依旧趋紧。梅斯特在谈及最新出炉的非农数据时表示:(最新发布的非农)就业报告是强劲的,薪资增速放缓也是好事。 希望看到就业市场在一定程度上出现回调。希望有令人信服的证据表明美国出现通胀下滑趋势。虽然最近的其他数据点显示,至少通胀上升的速度已经减弱,但梅斯特表示,她需要看到这种趋势延续多个月后才能真正安心:在我看到真正令人信服的证据表明我们的行动开始在使需求下降与总供给更好地平衡方面发挥作用之前,我不想宣布通胀的胜利。现在说这将改变我们的前景或我的政策前景还太早,经济中的头号问题仍然是非常高的通货膨胀,已远远高于可接受的水平,这必须是我们未来的重点。美联储在5月初将基准利率上调了50个基点,并暗示将在6月和7月进行类似幅度的加息,以迅速将利率调至既不刺激、也不放缓经济的水平。美联储5月份会议的纪要显示,官员们对于9月份采取何种行动持更加开放的态度,将根据通货膨胀的情况而定。亚特兰大联储主席博斯蒂克近期表示如果夏季通胀下降速度快于预期,美联储可能考虑在9月暂停加息后,引来市场强烈的反应。不过上周提出“9月暂停加息”观点的博斯蒂克这周明确澄清,观点与救助市场无关。不过,在任内始终拥有FOMC会议投票权的美联储理事沃勒驳斥了9月暂停加息的说法,称他倾向于在接下来的“几次会议”上加息50基点的鹰派言论后,市场刚刚开始兴起的美联储9月暂停加息预期“退烧”。而本周四美联储二号人物布雷纳德也称,“很难找到9月份暂停加息的理由”。作为美联储鹰派的梅斯特,曾在5月中旬表示9月加息75个基点的可能性被再次提上日程。不过,梅斯特本周四和周五的言论则显示了些许变化,周四她曾表示:如果到9月的联邦公开市场委员会会议上,月度通胀数据提供了令人信服的证据,表明通胀正在下降,那么加息的步伐可能会放缓;如果通胀未能缓和,那么可能有必要加快加息步伐。不过梅斯特也警告称,美国爆发经济衰退的风险正在加重,但经济大幅放缓仍可避免。美联储官员将在两周后的6月14日、15日召开下一次政策会议。","news_type":1},"isVote":1,"tweetType":1,"viewCount":278,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9027774958,"gmtCreate":1654095189574,"gmtModify":1676535393297,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"123","listText":"123","text":"123","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9027774958","repostId":"1140335557","repostType":4,"repost":{"id":"1140335557","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1654091126,"share":"https://ttm.financial/m/news/1140335557?lang=&edition=fundamental","pubTime":"2022-06-01 21:45","market":"us","language":"zh","title":"SaaS概念股走高,Salesforce涨超13%","url":"https://stock-news.laohu8.com/highlight/detail?id=1140335557","media":"老虎资讯综合","summary":"6月1日,SaaS概念股盘初走高,Salesforce涨超13%,Twilio、Adobe涨超4%,Shopify涨逾3%。","content":"<html><head></head><body><p>6月1日,SaaS概念股盘初走高,<a href=\"https://laohu8.com/S/CRM\">Salesforce</a>涨超13%,Twilio、<a href=\"https://laohu8.com/S/ADBE\">Adobe</a>涨超4%,Shopify涨逾3%。</p><p><img src=\"https://static.tigerbbs.com/558b1e537226d979f0494331c3a57adc\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></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>SaaS概念股走高,Salesforce涨超13%</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\">\nSaaS概念股走高,Salesforce涨超13%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2022-06-01 21:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>6月1日,SaaS概念股盘初走高,<a href=\"https://laohu8.com/S/CRM\">Salesforce</a>涨超13%,Twilio、<a href=\"https://laohu8.com/S/ADBE\">Adobe</a>涨超4%,Shopify涨逾3%。</p><p><img src=\"https://static.tigerbbs.com/558b1e537226d979f0494331c3a57adc\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/bd3ac286c2233d10a592ba6c388667fb","relate_stocks":{"BK4548":"巴美列捷福持仓","BK4535":"淡马锡持仓","BK4534":"瑞士信贷持仓","BK4538":"云计算","BK4561":"索罗斯持仓","BK4579":"人工智能","BK4505":"高瓴资本持仓","BK4567":"ESG概念","BK4527":"明星科技股","BK4581":"高盛持仓","BK4550":"红杉资本持仓","CRM":"赛富时","BK4528":"SaaS概念","BK4023":"应用软件","BK4532":"文艺复兴科技持仓"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140335557","content_text":"6月1日,SaaS概念股盘初走高,Salesforce涨超13%,Twilio、Adobe涨超4%,Shopify涨逾3%。","news_type":1},"isVote":1,"tweetType":1,"viewCount":408,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9024804750,"gmtCreate":1653834784670,"gmtModify":1676535348579,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"123","listText":"123","text":"123","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9024804750","repostId":"1190142421","repostType":4,"repost":{"id":"1190142421","pubTimestamp":1653795735,"share":"https://ttm.financial/m/news/1190142421?lang=&edition=fundamental","pubTime":"2022-05-29 11:42","market":"other","language":"zh","title":"全球最会炒股的央行巨亏?这是怎么回事","url":"https://stock-news.laohu8.com/highlight/detail?id=1190142421","media":"华尔街见闻","summary":"今年迄今为止,瑞士央行的股票投资回报十分糟糕。","content":"<html><head></head><body><p>过去几个月对瑞士央行来说十分难捱。</p><p>据媒体报道,曾任 Elliott 资产管理公司投资组合经理和瑞银债券策略师的 Meyrick Chapman 最近分析认为,今年迄今为止,瑞士央行的股票投资回报十分糟糕,<b>损失可能达到750亿瑞士法郎(合780亿美元)左右,大约相当于瑞士GDP的10%。</b></p><p><b>债券的损失可能更为触目惊心。他预计,如果债券价格在今年第二季度的跌幅与第一季度一样大,瑞士央行上半年的情况将令人不安,如果股市没有复苏,该央行可能会损失1200亿瑞郎,相当于GDP的16%。</b></p><p>不过即便遭遇投资亏损,该央行仍然坐拥丰厚回报,并且实现了其控制货币汇率的目标。</p><p>这种巨额亏损可怕吗?</p><p>事实上,瑞士央行的这些亏损对该国影响并不大,因为该央行持有的大量海外资产提供了缓冲。</p><p><b>瑞士央行从股市中获得的长期收益远远超过这些损失和向瑞士储户提供的微薄利息。</b>尽管英国央行和澳大利亚央行等央行不得不承认量化宽松政策使其遭受重大损失,但瑞士央行的处境要相对安全很多。</p><p>Meyrick Chapman 估计,截至2021年底,瑞士央行的投资利润约为900亿美元。虽然遭遇了一些破坏,<b>但瑞士央行仍可能保留了大约650亿美元的利润,这笔巨额收益为该国带来了巨大的金融缓冲。</b></p><p><b>瑞士央行投资的首选是购买欧洲债券。但随着市场对瑞士法郎的需求激增,瑞士央行将目光投向了海外资产,在美国和其他地区购买债券和股票。因此,外国对瑞士法郎的需求被转换成了瑞士央行的资产。</b></p><p>这让瑞士赚得盆满钵满。但从很大程度上来讲,存款的流入意味着负债,瑞士央行的政策旨在用海外资产来抵消这种负债,其目的是防止瑞士法郎进一步升值,而不仅仅是赚钱。</p><p>瑞士央行的政策与其他国家的截然不同</p><p>瑞士央行一直在与其货币升值作斗争,尽管该央行的政策与其他国家的政策截然不同,但同样导致了资产负债表的爆炸性扩张。</p><p>在雷曼兄弟破产以及随后爆发的欧元区主权债务危机之前,瑞士央行的外汇储备只有800亿瑞郎。如今,瑞士央行的外汇储备已经略高于1万亿瑞郎,合1.04万亿美元。</p><p>美联储、欧洲央行、日本央行或英国央行等都通过购买资产来增加本国经济的流动性。这些购买狂潮是通过发行新的货币来推动的,而这些新的货币又作为准备金存入银行系统。</p><p>相比之下,瑞士央行外汇储备增长了12倍,是其对抗瑞士法郎疯狂升值的结果。<b>投资于国内的瑞士投资者,以及在欧元区危机中寻求庇护的外国人推高了被许多人视为终极“避风港”的瑞士货币。</b></p><p><b>于是,一个瑞士版的量化宽松政策诞生了,新发行的瑞士法郎被卖给了那些用于避险的投资者,而所得的收益则被用来购买外国资产。</b></p><p>在当月的会议上,瑞士央行表示:</p><blockquote>瑞士央行将保留其扩张性的货币政策。它将政策利率和在央行的活期存款利率保持在-0.75%,并愿意在必要时干预外汇市场,<b>以应对瑞士法郎的上涨压力。</b>在这样做的时候,它考虑到了整体货币形势和与其他国家的通胀率差异。</blockquote><blockquote>瑞士法郎的汇率仍然很高。俄乌危机导致全世界的不确定性强烈增加,在此背景下,瑞士央行通过其货币政策确保价格稳定并支持瑞士经济。</blockquote><p>截至目前,瑞士法郎汇率报1瑞士法郎兑1.04美元,相比一年前小幅下跌。在3月初,瑞士法郎一度被推高至与欧元平价的水平。</p><p><img src=\"https://static.tigerbbs.com/ad9a3baf28e6eece77f4fedc80c5f385\" tg-width=\"1364\" tg-height=\"480\" referrerpolicy=\"no-referrer\"/></p><p><b>因此,在可预见的未来,瑞士央行仍将把政策重点放在购买外国资产上。如果瑞士法郎继续面临上涨压力,瑞士央行可能会购买更多。毕竟,这项政策已经奏效。</b></p><p>瑞士央行在法律上被限制支付最高6%的股息,因此它不能轻易放弃利润。自2010年以来,该央行已根据资产规模增加超额准备金,这使瑞士央行有别于其他央行。其他央行的超额准备金相对较少,随着“量化紧缩”的演变,这些超额准备金可能会迅速减少。</p><p><b>分析人士认为,市场逻辑对瑞士央行有利。</b>债券和股票的损失通常与美元升值挂钩,美元升值虽然会损害瑞士央行的外汇储备,但无论其在哪个方向变动,对瑞士央行都是有好处的。<b>当瑞士法郎升值时,瑞士央行的储备资产就会升值;当其储备资产贬值时,瑞士法郎就会相应贬值——这也正是瑞士央行想要控制的目标。</b></p></body></html>","source":"highlight_wallstreetcn","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>全球最会炒股的央行巨亏?这是怎么回事</title>\n<style 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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全球最会炒股的央行巨亏?这是怎么回事\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-29 11:42 北京时间 <a href=https://wallstreetcn.com/articles/3660564><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>过去几个月对瑞士央行来说十分难捱。据媒体报道,曾任 Elliott 资产管理公司投资组合经理和瑞银债券策略师的 Meyrick Chapman 最近分析认为,今年迄今为止,瑞士央行的股票投资回报十分糟糕,损失可能达到750亿瑞士法郎(合780亿美元)左右,大约相当于瑞士GDP的10%。债券的损失可能更为触目惊心。他预计,如果债券价格在今年第二季度的跌幅与第一季度一样大,瑞士央行上半年的情况将...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3660564\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/03ef1080a7350c830e3b86dc8bf24737","relate_stocks":{"EWL":"瑞士ETF-iShares MSCI"},"source_url":"https://wallstreetcn.com/articles/3660564","is_english":false,"share_image_url":"https://static.laohu8.com/cc96873d3d23ee6ac10685520df9c100","article_id":"1190142421","content_text":"过去几个月对瑞士央行来说十分难捱。据媒体报道,曾任 Elliott 资产管理公司投资组合经理和瑞银债券策略师的 Meyrick Chapman 最近分析认为,今年迄今为止,瑞士央行的股票投资回报十分糟糕,损失可能达到750亿瑞士法郎(合780亿美元)左右,大约相当于瑞士GDP的10%。债券的损失可能更为触目惊心。他预计,如果债券价格在今年第二季度的跌幅与第一季度一样大,瑞士央行上半年的情况将令人不安,如果股市没有复苏,该央行可能会损失1200亿瑞郎,相当于GDP的16%。不过即便遭遇投资亏损,该央行仍然坐拥丰厚回报,并且实现了其控制货币汇率的目标。这种巨额亏损可怕吗?事实上,瑞士央行的这些亏损对该国影响并不大,因为该央行持有的大量海外资产提供了缓冲。瑞士央行从股市中获得的长期收益远远超过这些损失和向瑞士储户提供的微薄利息。尽管英国央行和澳大利亚央行等央行不得不承认量化宽松政策使其遭受重大损失,但瑞士央行的处境要相对安全很多。Meyrick Chapman 估计,截至2021年底,瑞士央行的投资利润约为900亿美元。虽然遭遇了一些破坏,但瑞士央行仍可能保留了大约650亿美元的利润,这笔巨额收益为该国带来了巨大的金融缓冲。瑞士央行投资的首选是购买欧洲债券。但随着市场对瑞士法郎的需求激增,瑞士央行将目光投向了海外资产,在美国和其他地区购买债券和股票。因此,外国对瑞士法郎的需求被转换成了瑞士央行的资产。这让瑞士赚得盆满钵满。但从很大程度上来讲,存款的流入意味着负债,瑞士央行的政策旨在用海外资产来抵消这种负债,其目的是防止瑞士法郎进一步升值,而不仅仅是赚钱。瑞士央行的政策与其他国家的截然不同瑞士央行一直在与其货币升值作斗争,尽管该央行的政策与其他国家的政策截然不同,但同样导致了资产负债表的爆炸性扩张。在雷曼兄弟破产以及随后爆发的欧元区主权债务危机之前,瑞士央行的外汇储备只有800亿瑞郎。如今,瑞士央行的外汇储备已经略高于1万亿瑞郎,合1.04万亿美元。美联储、欧洲央行、日本央行或英国央行等都通过购买资产来增加本国经济的流动性。这些购买狂潮是通过发行新的货币来推动的,而这些新的货币又作为准备金存入银行系统。相比之下,瑞士央行外汇储备增长了12倍,是其对抗瑞士法郎疯狂升值的结果。投资于国内的瑞士投资者,以及在欧元区危机中寻求庇护的外国人推高了被许多人视为终极“避风港”的瑞士货币。于是,一个瑞士版的量化宽松政策诞生了,新发行的瑞士法郎被卖给了那些用于避险的投资者,而所得的收益则被用来购买外国资产。在当月的会议上,瑞士央行表示:瑞士央行将保留其扩张性的货币政策。它将政策利率和在央行的活期存款利率保持在-0.75%,并愿意在必要时干预外汇市场,以应对瑞士法郎的上涨压力。在这样做的时候,它考虑到了整体货币形势和与其他国家的通胀率差异。瑞士法郎的汇率仍然很高。俄乌危机导致全世界的不确定性强烈增加,在此背景下,瑞士央行通过其货币政策确保价格稳定并支持瑞士经济。截至目前,瑞士法郎汇率报1瑞士法郎兑1.04美元,相比一年前小幅下跌。在3月初,瑞士法郎一度被推高至与欧元平价的水平。因此,在可预见的未来,瑞士央行仍将把政策重点放在购买外国资产上。如果瑞士法郎继续面临上涨压力,瑞士央行可能会购买更多。毕竟,这项政策已经奏效。瑞士央行在法律上被限制支付最高6%的股息,因此它不能轻易放弃利润。自2010年以来,该央行已根据资产规模增加超额准备金,这使瑞士央行有别于其他央行。其他央行的超额准备金相对较少,随着“量化紧缩”的演变,这些超额准备金可能会迅速减少。分析人士认为,市场逻辑对瑞士央行有利。债券和股票的损失通常与美元升值挂钩,美元升值虽然会损害瑞士央行的外汇储备,但无论其在哪个方向变动,对瑞士央行都是有好处的。当瑞士法郎升值时,瑞士央行的储备资产就会升值;当其储备资产贬值时,瑞士法郎就会相应贬值——这也正是瑞士央行想要控制的目标。","news_type":1},"isVote":1,"tweetType":1,"viewCount":303,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9022102401,"gmtCreate":1653486573603,"gmtModify":1676535290658,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"123","listText":"123","text":"123","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9022102401","repostId":"1141527844","repostType":4,"repost":{"id":"1141527844","pubTimestamp":1653482792,"share":"https://ttm.financial/m/news/1141527844?lang=&edition=fundamental","pubTime":"2022-05-25 20:46","market":"us","language":"zh","title":"蔚来自研电芯,将利空宁德时代?","url":"https://stock-news.laohu8.com/highlight/detail?id=1141527844","media":"第一财经","summary":"整车厂不想只给上游“打工”了。5月25日,上海企事业单位环境信息公开平台显示,上海蔚来汽车有限公司拟投资2.185亿元,计划在上海市嘉定区安亭镇新建研发项目,包括从事锂离子电芯和电池包研发的31个研发","content":"<div>\n<p>整车厂不想只给上游“打工”了。5月25日,上海企事业单位环境信息公开平台显示,上海蔚来汽车有限公司拟投资2.185亿元,计划在上海市嘉定区安亭镇新建研发项目,包括从事锂离子电芯和电池包研发的31个研发实验室,以及1条锂离子电芯试制线和1条电池包pack线,预计今年8月至10月期间施工。有业内人士认为,这意味着蔚来开始自研电芯,为自研、自产、自用动力电池做好准备。但就是否会自研、自产电芯,蔚来汽车...</p>\n\n<a href=\"https://www.yicai.com/news/101423921.html\">Web Link</a>\n\n</div>\n","source":"dyvj","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>蔚来自研电芯,将利空宁德时代?</title>\n<style 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Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e93e082b7ec44c8b12bf8070e53a73ef","relate_stocks":{"300750":"宁德时代","09866":"蔚来-SW","NIO.SI":"蔚来","NIO":"蔚来"},"source_url":"https://www.yicai.com/news/101423921.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1141527844","content_text":"整车厂不想只给上游“打工”了。5月25日,上海企事业单位环境信息公开平台显示,上海蔚来汽车有限公司拟投资2.185亿元,计划在上海市嘉定区安亭镇新建研发项目,包括从事锂离子电芯和电池包研发的31个研发实验室,以及1条锂离子电芯试制线和1条电池包pack线,预计今年8月至10月期间施工。有业内人士认为,这意味着蔚来开始自研电芯,为自研、自产、自用动力电池做好准备。但就是否会自研、自产电芯,蔚来汽车方面暂未对第一财经记者做出回复。不过在建设项目工程分析中,蔚来汽车明确表示,本项目试制线的建设拟为后续发展过程中可能的规模化生产做好前期探索,试制样品用于后续深度开发。早在2021年9月,蔚来就发布了自研动力电池包。该电池包采用了三元锂与磷酸铁锂电芯混合排布的方式,蔚来方面称之为“三元铁锂”电池,并拥有其相关发明专利。但值得注意的是,该电池包中的三元锂电芯和磷酸铁锂电芯供应商均为宁德时代。目前蔚来汽车共拥有宁德时代和卫蓝新能源两家动力电池供应商,但卫蓝新能源主打半固态及固态电池,尚未进入量产阶段,目前蔚来所有在售产品上使用的动力电池电芯均由宁德时代提供。起点研究院(SPIR)统计数据显示,2021年蔚来汽车是宁德时代第二大客户,仅次于特斯拉。小鹏汽车则是宁德时代第三大客户,约80%的动力电池供应来自于宁德时代。此外,宁德时代还是理想汽车的独家供应商。中国汽车动力电池产业创新联盟数据显示,宁德时代的市占率已经连续两年在50%以上,占据了中国动力电池的半壁江山。但仅依靠宁德时代供应动力电池,已给部分新能源车企带来了风险。早前由于电池供应问题,小鹏部分车型出现延期交付的情况,进而发生用户维权事件;蔚来汽车创始人、董事长、CEO李斌在去年3月财报电话会议中亦表示,当年二季度的电池供应是其最大瓶颈。汽车行业研究员张翔在接受媒体采访时曾表示,“宁德时代的产能有限,不可能满足那么多车企的供应需求,那么车企就不得不找别的供应商。”他认为,超过50%的市场份额让宁德时代话语权过大,这并非车企乐意看到的。随着新能源汽车销量规模的持续扩大,动力电池涨价和缺货已成为新能源车企的“切肤之痛”。此外亦有报道显示,车企不满宁德时代较为强势的态度,多家车企已经开始布局在宁德时代之外的“备选方案”。5月23日的财报电话会上,小鹏汽车董事长何小鹏称,小鹏汽车从去年下半年开始一直在引入更多的电池合作伙伴,期望有更多电池合作伙伴,解决之前由于缺乏电池而导致产能不足的问题。今年2月24日,蔚来关联企业蔚瑞投资投资欣旺达电池,出资2.5亿,持股2%。3月27日,广汽埃安总经理古惠南对媒体表示,埃安电池试制线将于今年年底投入运营,目标实现自己掌握核心技术,并仍将与上游锂电公司保持合作。近期蔚来的环评报告亦显示了蔚来有意布局电芯、电池包等技术的自研。中关村新型电池技术创新联盟秘书长、电池百人会理事长于清教向第一财经记者表示,电池供应商一家独大风险过高;其次随着市场空间的扩大,整车厂不想只给上游“打工”了,也试图去改变宁德时代的垄断局面和争夺相应的定价权。","news_type":1},"isVote":1,"tweetType":1,"viewCount":568,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9026832540,"gmtCreate":1653353034380,"gmtModify":1676535265971,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"123","listText":"123","text":"123","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9026832540","repostId":"2237366551","repostType":4,"repost":{"id":"2237366551","pubTimestamp":1653348675,"share":"https://ttm.financial/m/news/2237366551?lang=&edition=fundamental","pubTime":"2022-05-24 07:31","market":"sh","language":"zh","title":"Snap盘后暴跌近30%!CEO预警财报将不及预期并计划放缓招聘","url":"https://stock-news.laohu8.com/highlight/detail?id=2237366551","media":"环球市场播报","summary":"“阅后即焚”通信应用Snapchat母公司Snap CEOEvan Speigel周一在给员工的一份报告中警告称,该公司二季度将无法实现收入和调整后的收益目标。该公司股价闻讯在美股盘后暴跌近30%。 Speigel称,该社交媒体公司也将在今年年底前放缓招聘,因希望管理开支。 Snap 4月份公布的一季度财报不及华尔街预期。 Spiegel表示,Snap将继续招聘新员工,但将在今年余下时间放慢招聘步伐。他仍预计Snap将在今年年底前雇佣500名新员工。","content":"<html><head></head><body><p>“阅后即焚”通信应用Snapchat母公司Snap CEO Evan Speigel周一在给员工的一份报告中警告称,该公司二季度将无法实现收入和调整后的收益目标。该公司股价闻讯在美股盘后暴跌近30%。<img src=\"https://static.tigerbbs.com/27f342547eeac7599070c0d8f2a01ce9\" tg-width=\"869\" tg-height=\"675\" referrerpolicy=\"no-referrer\"/>Speigel称,该社交媒体公司也将在今年年底前放缓招聘,因希望管理开支。这封信的一部分已提交给美国证券交易委员会(SEC)。</p><p>Spiegel写道:“今天我们提交了一份8-K报告,表明宏观环境恶化的速度比我们上个月发布季度指引时的预期要快得多。因此,虽然我们的收入继续同比增长,但增长速度比我们目前预期的要慢。”</p><p>Snap 4月份公布的一季度财报不及华尔街预期。当时该公司表示,预计二季度收入将同比增长20%至25%,调整后税息折旧及摊销前利润(EBITDA)在0至5000万美元之间。</p><p>Spiegel在周一的更新报告中写道:“我们认为,我们将报告的收入和调整后EBITDA会低于指导范围的低端。”</p><p>Spiegel表示,Snap将继续招聘新员工,但将在今年余下时间放慢招聘步伐。他仍预计Snap将在今年年底前雇佣500名新员工。该公司在过去12个月内雇佣了约2000名员工。</p><p>Spiegel称,该公司正面临着通胀和利率上升、供应链短缺、劳动力中断以及<a href=\"https://laohu8.com/S/AAPL\">苹果</a>iPhone隐私功能等平台政策变化。俄乌冲突也有负面影响。</p><p>截至周一收盘,Snap股价今年迄今下跌超过50%,标普500指数同期下跌17%。<img src=\"https://static.tigerbbs.com/4f950e882674a02cf20f6eb2c6293771\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p></body></html>","source":"sina","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Snap盘后暴跌近30%!CEO预警财报将不及预期并计划放缓招聘</title>\n<style 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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\">\nSnap盘后暴跌近30%!CEO预警财报将不及预期并计划放缓招聘\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-24 07:31 北京时间 <a href=https://finance.sina.com.cn/stock/usstock/c/2022-05-24/doc-imizirau4427372.shtml?finpagefr=p_115><strong>环球市场播报</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>“阅后即焚”通信应用Snapchat母公司Snap CEO Evan Speigel周一在给员工的一份报告中警告称,该公司二季度将无法实现收入和调整后的收益目标。该公司股价闻讯在美股盘后暴跌近30%。Speigel称,该社交媒体公司也将在今年年底前放缓招聘,因希望管理开支。这封信的一部分已提交给美国证券交易委员会(SEC)。Spiegel写道:“今天我们提交了一份8-K报告,表明宏观环境恶化的速度...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/usstock/c/2022-05-24/doc-imizirau4427372.shtml?finpagefr=p_115\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b69a4e4c29b9a3b2171a004f6fa3e490","relate_stocks":{"161125":"标普500","513500":"标普500ETF","BK4573":"虚拟现实","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","BK4504":"桥水持仓","BK4512":"苹果概念","SH":"标普500反向ETF","BK4170":"电脑硬件、储存设备及电脑周边","OEX":"标普100",".SPX":"S&P 500 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4月份公布的一季度财报不及华尔街预期。当时该公司表示,预计二季度收入将同比增长20%至25%,调整后税息折旧及摊销前利润(EBITDA)在0至5000万美元之间。Spiegel在周一的更新报告中写道:“我们认为,我们将报告的收入和调整后EBITDA会低于指导范围的低端。”Spiegel表示,Snap将继续招聘新员工,但将在今年余下时间放慢招聘步伐。他仍预计Snap将在今年年底前雇佣500名新员工。该公司在过去12个月内雇佣了约2000名员工。Spiegel称,该公司正面临着通胀和利率上升、供应链短缺、劳动力中断以及苹果iPhone隐私功能等平台政策变化。俄乌冲突也有负面影响。截至周一收盘,Snap股价今年迄今下跌超过50%,标普500指数同期下跌17%。","news_type":1},"isVote":1,"tweetType":1,"viewCount":367,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9026832845,"gmtCreate":1653353024987,"gmtModify":1676535265813,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"123","listText":"123","text":"123","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9026832845","repostId":"2237366551","repostType":4,"isVote":1,"tweetType":1,"viewCount":401,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9026009543,"gmtCreate":1653288035582,"gmtModify":1676535254441,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"Risk and opportunity","listText":"Risk and opportunity","text":"Risk and opportunity","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9026009543","repostId":"1126352915","repostType":4,"repost":{"id":"1126352915","pubTimestamp":1653287308,"share":"https://ttm.financial/m/news/1126352915?lang=&edition=fundamental","pubTime":"2022-05-23 14:28","market":"us","language":"zh","title":"华尔街对年底美股走势预测分歧巨大!还在猜底?","url":"https://stock-news.laohu8.com/highlight/detail?id=1126352915","media":"金十数据","summary":"华尔街目前对标普500指数年底最高和最低预测之间的差距达到了37%。美股连续七周下跌,上周五标普500指数一度下跌多达2.3%,五个月内下跌超过20%,险熊市收盘的风险。然而,买家在最后一小时突然涌入","content":"<html><head></head><body><p>华尔街目前对标普500指数年底最高和最低预测之间的差距达到了37%。</p><p>美股连续七周下跌,上周五标普500指数一度下跌多达2.3%,五个月内下跌超过20%,险熊市收盘的风险。然而,买家在最后一小时突然涌入,使其自1月3日以来的跌幅收窄至18.7%,再次避免跌入熊市。这让华尔街的预言家们像回到新冠疫情爆发初期一样,对美股的走势越来越摸不着头脑。</p><p><img src=\"https://static.tigerbbs.com/c6391cd2811caa710d42772057d5207e\" tg-width=\"1200\" tg-height=\"675\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>不同的是,疫情的扰乱已经有所消退,而现在最重大的打击来自美联储,它一心想从经济中榨取过剩的资金。再加上俄乌战争,供应链再度面临破坏的风险,股票估值处于20年来的高位。</p><p>结果就是,华尔街的预测结果大相径庭。本月又有六位策略师下调了对标普500指数的年终预期,<b>目前最高和最低预测之间的差距达到了37%。</b>在过去十年的同期,这种巨大的分歧只出现过一次:就在2020年3月的抛售之后。</p><p><img src=\"https://static.tigerbbs.com/f8ad85b6d65a8e4418b8793f276a2d7f\" tg-width=\"874\" tg-height=\"519\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>投资者困惑的证据无处不在。就在本周,Cathie Wood的旗舰ETF方舟投资(Ark Investment)和科技公司的股价连续五天在盈亏之间交替。与此同时,沃尔玛等在市场动荡期间作为避风港的零售公司因财报爆雷突然崩溃大跌。</p><p>事情会变得多糟糕?对于那些看空者来说,衰退是美联储对抗通胀的不可避免的结果。看好美联储的人可能会寄希望于其正在朝着目标前进。</p><p>LPL Financial首席股票策略师昆西·克劳斯比(Quincy Krosby)在电话中说:</p><blockquote>“我们面临的不确定性的性质不同了,但华尔街策略师现在的工作并不比疫情期间容易。经济走向没有确定性。有‘衰退’阵营、‘软着陆阵营’,以及介于两者之间的各种观点。”</blockquote><p>当前,金融环境收紧的速度是自1987年以来最快的。高盛集团追踪的金融状况指数自两个月前首次加息以来已下跌1%。彭博汇编的数据显示,<b>现阶段的紧缩步伐超过了之前所有五个加息周期。</b></p><p><img src=\"https://static.tigerbbs.com/53e02f4d19d67c2256fd6abc17a1f02b\" tg-width=\"1200\" tg-height=\"675\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>本周,奥本海默的约翰·斯托尔茨福斯(John Stoltzfus)在接受外媒采访时重申了他的看涨立场,他的年终目标价为5330点,是最新的策略师调查中最高的。他看到了现在和过去夸大美股跌势之间的相似之处。他说:</p><blockquote>“现在我的直觉告诉我,当前的情形看起来很像2009年初,像1994年,也像2018年第四季度。如果你不合时宜地做出负面预测,你就会错过之后的反弹。”</blockquote><p>2009年3月标志着在全球金融危机后长期牛市的开始。1994年,美联储开始了加息周期并成功避免了经济衰退。2018年底,在股市暴跌的情况下,美联储停止了加息,并于次年开始放宽政策。</p><p>目前,政策制定者对市场的流血几乎没有同情之心。但投资者并未放弃在情况恶化时美联储介入的希望,即对“美联储看跌期权”的预期。<b>在美国银行最新的调查中,基金经理预计,当标普指数跌至3529点时,“美联储看跌期权”将开始生效,该水平比上周五收盘价低9.5%。</b></p><p>然而,市场迟迟未能复苏,令华尔街上最不乐观的人也感到沮丧。Cantor Fitzgerald分析师Eric Johnston的年终目标为3900点,这是彭博追踪的策略师中最低的。5月初,在标普500指数出现50年来最糟糕的4月表现之后,他告诉客户,股市已经准备好反弹。几周后,大屠杀没有减弱的迹象,他承认了自己的过失。</p><p><b>最大的隐忧:熊市将至,但恐慌未至</b></p><p>更糟糕的是,迄今为止,美股的崩盘是否是一场恐慌?从某些方面来看,答案是否定的,这可能在短期内对股市来说是个坏兆头。</p><p>即使美股自2020年3月以来首次触及熊市,但<b>交易量一直处于平均水平</b>,<b>芝加哥期权交易所波动率指数低于本月的高点。</b>与此同时,<b>芝加哥期权交易所SKEW指数(标普500看跌期权相对于看涨期权的隐含波动率)接近两年低点</b>。</p><p>从逆向的角度来看,相对缺乏恐慌不一定是好事。AlphaTrAI分析师Max Gokhman认为,<b>标普500指数的走势相对有序,没有任何明显的恐慌迹象,这表明底部尚未出现。</b>再加上美联储打算继续寻求收紧金融条件,美股前景黯淡,可能还有更多的下跌空间。现在紧缩周期仅进行了三分之一,而衰退尚未出现。</p><p>Susquehanna International Group衍生品联席主管Chris Murphy表示:</p><blockquote>“我们通常会在真正的低点看到更多成交量,这是投资者投降的迹象。而目前的成交量并没有什么代表性,我更愿意看到成交量激增,以便对确认美股的底部更有信心。”</blockquote><p>SentimenTrader分析师Jay Kaeppel上周五在接受采访时说:</p><blockquote>“我们有恐惧、怀疑和焦虑,但我们没有投降。还没有人抛售股票,虽然我认为这种情况会发生。等VIX(恐慌指数)达到45时再叫醒我,因为回顾历史,每次股市大幅下跌都会伴随着VIX飙升到40或45,而VIX目前在30左右。”</blockquote><p><img src=\"https://static.tigerbbs.com/ce2299f3fd709ff49f919aa7601dc3ce\" tg-width=\"1200\" tg-height=\"675\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Evercore ISI首席股票和量化策略师朱利安·伊曼纽尔(Julian Emanuel)正在观察三个方面的投降迹象:VIX高于40;出售期权与买入期权交易量比率(评估市场的投资气氛)达到1.35——当前为1.27;股票成交量超过200亿股。他在最近的一份报告中写道:</p><blockquote>“修正的结束通常伴随着恐惧和投降——极端波动和成交量。”</blockquote><p><img src=\"https://static.tigerbbs.com/b58c264a99de8fa17fb25fc8ecfec7e5\" tg-width=\"765\" tg-height=\"790\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Piper Sandler的首席市场技术人员Craig W.Johnson也持类似观点。他也预计波动率指数将触及40点,并使用了一项他称之为“40周技术”的指标,该指标衡量有多少只股票高于或低于40周移动平均线,该指标已降至13%,如果低于10%,就有可能表明市场已经接近底部。</p><p>他在一份报告中写道,“历史上,低于10%的数据表明,整体市场接近拐点”。</p><p>Boston Partners全球市场研究主管MikeMullaney还指出,<b>企业利润率有可能进一步收缩</b>,所以美股下行的可能性要高于上涨,未来分析师可能会下调整体估值,直至底部估值的出现。他表示:</p><blockquote>“目前最重要的问题是美国会否实现经济软着陆,还是会陷入经济衰退。如果美联储致力于将通胀压低至他们的目前区间,那么我们更倾向于衰退而不是软着陆。而经济衰退可能将标普500的市盈率打到13倍左右,届时这个水平可能表明市场上几乎所有的资产都被低估了。”</blockquote><p><b>估值吸引力十足,但投资者仍保持谨慎</b></p><p>在市值蒸发5.5万亿美元后,美股科技股触底尚不容易,但有一些信号给投资者带来了希望。</p><p>利率上升、对经济增长放缓的担忧和通胀飙升形成了冲击美股的完美风暴,科技股今年受到重创,不论是去年投资方舟投资(Ark Investment)的散户,还是投资苹果等科技巨头的资产管理公司,无一幸免遇难。</p><p>以科技股为主的纳斯达克100指数较去年的峰值下跌了近30%,连续7周录得下跌,创自2011年以来最长的连跌。这使得其估值看起来更有吸引力。</p><p>随着疫情期间形成的估值泡沫消退,<b>纳指目前的市盈率约为预期收益的20倍,与长期平均水平一致。</b>追踪英特尔(Intel Corp.)和阿斯麦控股(ASML Holding NV)等芯片制造商的费城半导体指数(Philadelphia Semiconductor Index)未来12个月预期市盈率约为15倍,远低于2021年初创下的24倍的峰值。</p><p><img src=\"https://static.tigerbbs.com/932197ffffd6f7b0420a45dbd728e229\" tg-width=\"1200\" tg-height=\"675\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Federated Hermes的投资组合经理Jordan Stuart说:</p><blockquote>“当发生如此多的屠杀时,投资者很难保有耐心。但这种痛苦应该很快就会结束。我们的建议是成长型投资者需要做好准备。”</blockquote><p>上周,杰富瑞的策略师转而看好信息技术行业,并在一份报告中表示,投资者因对极端利率情景的预期而追捧现金的情况“已过度反映在市场估值的压缩上”。</p><p>富国银行证券表示,由于看跌情绪在近期达到极端,它正在放弃对成长股的负面看法。事实上,交易价格高于200天移动平均线的公司数量已经达到了2020年上半年以来的最低水平,而一项衡量股市投资者热情的指标已经到达“明确的反向投资者买入区域”(unambiguous contrarian buy territory)。</p><p>对于经营Hennion & Walsh Asset Management的Kevin Mahn来说,现金充裕的苹果和微软将随着时间的推移弥补股价亏损,因为“大部分亏损已经结束”,而且科技领域正在出现一些好的买入机会。</p><p>然而,他也对反弹的时机持谨慎态度,因为市场尚未出现投降的迹象。“我当然不会称之为底部,而且我确信未来还会有更多的抛售”,他说。</p><p>与Mahn一样,<b>许多投资者在现在看起来更具吸引力的价格与全球经济前景仍然高度不确定的现实之间左右为难。</b></p><p><b>科技股的资金外流严重。</b>美国银行最近的一项调查显示,基金经理“极度做空”科技股,对该行业的配置处于2006年8月以来的最低水平。</p><p><b>期权市场却指向潜在的反弹。</b>追踪纳指的规模达1570亿美元的Invesco QQQ Trust Series 1 ETF期权显示基于未平仓合约的看跌期权比率最近触及两年来的最低水平,未平仓的看涨期权则已飙升至2008年以来的最高水平(看跌期权比率的下降通常是看涨信号)。</p><p><img src=\"https://static.tigerbbs.com/0eef381bcbe9afd956ab0591ecf708ff\" tg-width=\"1200\" tg-height=\"675\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p></body></html>","source":"jssj","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\" 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}\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华尔街对年底美股走势预测分歧巨大!还在猜底?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-23 14:28 北京时间 <a href=https://xnews.jin10.com/details/94453><strong>金十数据</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>华尔街目前对标普500指数年底最高和最低预测之间的差距达到了37%。美股连续七周下跌,上周五标普500指数一度下跌多达2.3%,五个月内下跌超过20%,险熊市收盘的风险。然而,买家在最后一小时突然涌入,使其自1月3日以来的跌幅收窄至18.7%,再次避免跌入熊市。这让华尔街的预言家们像回到新冠疫情爆发初期一样,对美股的走势越来越摸不着头脑。不同的是,疫情的扰乱已经有所消退,而现在最重大的打击来自...</p>\n\n<a href=\"https://xnews.jin10.com/details/94453\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4f6ec6e99c0c8b9feb7f296b78c65a54","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://xnews.jin10.com/details/94453","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126352915","content_text":"华尔街目前对标普500指数年底最高和最低预测之间的差距达到了37%。美股连续七周下跌,上周五标普500指数一度下跌多达2.3%,五个月内下跌超过20%,险熊市收盘的风险。然而,买家在最后一小时突然涌入,使其自1月3日以来的跌幅收窄至18.7%,再次避免跌入熊市。这让华尔街的预言家们像回到新冠疫情爆发初期一样,对美股的走势越来越摸不着头脑。不同的是,疫情的扰乱已经有所消退,而现在最重大的打击来自美联储,它一心想从经济中榨取过剩的资金。再加上俄乌战争,供应链再度面临破坏的风险,股票估值处于20年来的高位。结果就是,华尔街的预测结果大相径庭。本月又有六位策略师下调了对标普500指数的年终预期,目前最高和最低预测之间的差距达到了37%。在过去十年的同期,这种巨大的分歧只出现过一次:就在2020年3月的抛售之后。投资者困惑的证据无处不在。就在本周,Cathie Wood的旗舰ETF方舟投资(Ark Investment)和科技公司的股价连续五天在盈亏之间交替。与此同时,沃尔玛等在市场动荡期间作为避风港的零售公司因财报爆雷突然崩溃大跌。事情会变得多糟糕?对于那些看空者来说,衰退是美联储对抗通胀的不可避免的结果。看好美联储的人可能会寄希望于其正在朝着目标前进。LPL Financial首席股票策略师昆西·克劳斯比(Quincy Krosby)在电话中说:“我们面临的不确定性的性质不同了,但华尔街策略师现在的工作并不比疫情期间容易。经济走向没有确定性。有‘衰退’阵营、‘软着陆阵营’,以及介于两者之间的各种观点。”当前,金融环境收紧的速度是自1987年以来最快的。高盛集团追踪的金融状况指数自两个月前首次加息以来已下跌1%。彭博汇编的数据显示,现阶段的紧缩步伐超过了之前所有五个加息周期。本周,奥本海默的约翰·斯托尔茨福斯(John Stoltzfus)在接受外媒采访时重申了他的看涨立场,他的年终目标价为5330点,是最新的策略师调查中最高的。他看到了现在和过去夸大美股跌势之间的相似之处。他说:“现在我的直觉告诉我,当前的情形看起来很像2009年初,像1994年,也像2018年第四季度。如果你不合时宜地做出负面预测,你就会错过之后的反弹。”2009年3月标志着在全球金融危机后长期牛市的开始。1994年,美联储开始了加息周期并成功避免了经济衰退。2018年底,在股市暴跌的情况下,美联储停止了加息,并于次年开始放宽政策。目前,政策制定者对市场的流血几乎没有同情之心。但投资者并未放弃在情况恶化时美联储介入的希望,即对“美联储看跌期权”的预期。在美国银行最新的调查中,基金经理预计,当标普指数跌至3529点时,“美联储看跌期权”将开始生效,该水平比上周五收盘价低9.5%。然而,市场迟迟未能复苏,令华尔街上最不乐观的人也感到沮丧。Cantor Fitzgerald分析师Eric Johnston的年终目标为3900点,这是彭博追踪的策略师中最低的。5月初,在标普500指数出现50年来最糟糕的4月表现之后,他告诉客户,股市已经准备好反弹。几周后,大屠杀没有减弱的迹象,他承认了自己的过失。最大的隐忧:熊市将至,但恐慌未至更糟糕的是,迄今为止,美股的崩盘是否是一场恐慌?从某些方面来看,答案是否定的,这可能在短期内对股市来说是个坏兆头。即使美股自2020年3月以来首次触及熊市,但交易量一直处于平均水平,芝加哥期权交易所波动率指数低于本月的高点。与此同时,芝加哥期权交易所SKEW指数(标普500看跌期权相对于看涨期权的隐含波动率)接近两年低点。从逆向的角度来看,相对缺乏恐慌不一定是好事。AlphaTrAI分析师Max Gokhman认为,标普500指数的走势相对有序,没有任何明显的恐慌迹象,这表明底部尚未出现。再加上美联储打算继续寻求收紧金融条件,美股前景黯淡,可能还有更多的下跌空间。现在紧缩周期仅进行了三分之一,而衰退尚未出现。Susquehanna International Group衍生品联席主管Chris Murphy表示:“我们通常会在真正的低点看到更多成交量,这是投资者投降的迹象。而目前的成交量并没有什么代表性,我更愿意看到成交量激增,以便对确认美股的底部更有信心。”SentimenTrader分析师Jay Kaeppel上周五在接受采访时说:“我们有恐惧、怀疑和焦虑,但我们没有投降。还没有人抛售股票,虽然我认为这种情况会发生。等VIX(恐慌指数)达到45时再叫醒我,因为回顾历史,每次股市大幅下跌都会伴随着VIX飙升到40或45,而VIX目前在30左右。”Evercore ISI首席股票和量化策略师朱利安·伊曼纽尔(Julian Emanuel)正在观察三个方面的投降迹象:VIX高于40;出售期权与买入期权交易量比率(评估市场的投资气氛)达到1.35——当前为1.27;股票成交量超过200亿股。他在最近的一份报告中写道:“修正的结束通常伴随着恐惧和投降——极端波动和成交量。”Piper Sandler的首席市场技术人员Craig W.Johnson也持类似观点。他也预计波动率指数将触及40点,并使用了一项他称之为“40周技术”的指标,该指标衡量有多少只股票高于或低于40周移动平均线,该指标已降至13%,如果低于10%,就有可能表明市场已经接近底部。他在一份报告中写道,“历史上,低于10%的数据表明,整体市场接近拐点”。Boston Partners全球市场研究主管MikeMullaney还指出,企业利润率有可能进一步收缩,所以美股下行的可能性要高于上涨,未来分析师可能会下调整体估值,直至底部估值的出现。他表示:“目前最重要的问题是美国会否实现经济软着陆,还是会陷入经济衰退。如果美联储致力于将通胀压低至他们的目前区间,那么我们更倾向于衰退而不是软着陆。而经济衰退可能将标普500的市盈率打到13倍左右,届时这个水平可能表明市场上几乎所有的资产都被低估了。”估值吸引力十足,但投资者仍保持谨慎在市值蒸发5.5万亿美元后,美股科技股触底尚不容易,但有一些信号给投资者带来了希望。利率上升、对经济增长放缓的担忧和通胀飙升形成了冲击美股的完美风暴,科技股今年受到重创,不论是去年投资方舟投资(Ark Investment)的散户,还是投资苹果等科技巨头的资产管理公司,无一幸免遇难。以科技股为主的纳斯达克100指数较去年的峰值下跌了近30%,连续7周录得下跌,创自2011年以来最长的连跌。这使得其估值看起来更有吸引力。随着疫情期间形成的估值泡沫消退,纳指目前的市盈率约为预期收益的20倍,与长期平均水平一致。追踪英特尔(Intel Corp.)和阿斯麦控股(ASML Holding NV)等芯片制造商的费城半导体指数(Philadelphia Semiconductor Index)未来12个月预期市盈率约为15倍,远低于2021年初创下的24倍的峰值。Federated Hermes的投资组合经理Jordan Stuart说:“当发生如此多的屠杀时,投资者很难保有耐心。但这种痛苦应该很快就会结束。我们的建议是成长型投资者需要做好准备。”上周,杰富瑞的策略师转而看好信息技术行业,并在一份报告中表示,投资者因对极端利率情景的预期而追捧现金的情况“已过度反映在市场估值的压缩上”。富国银行证券表示,由于看跌情绪在近期达到极端,它正在放弃对成长股的负面看法。事实上,交易价格高于200天移动平均线的公司数量已经达到了2020年上半年以来的最低水平,而一项衡量股市投资者热情的指标已经到达“明确的反向投资者买入区域”(unambiguous contrarian buy territory)。对于经营Hennion & Walsh Asset Management的Kevin Mahn来说,现金充裕的苹果和微软将随着时间的推移弥补股价亏损,因为“大部分亏损已经结束”,而且科技领域正在出现一些好的买入机会。然而,他也对反弹的时机持谨慎态度,因为市场尚未出现投降的迹象。“我当然不会称之为底部,而且我确信未来还会有更多的抛售”,他说。与Mahn一样,许多投资者在现在看起来更具吸引力的价格与全球经济前景仍然高度不确定的现实之间左右为难。科技股的资金外流严重。美国银行最近的一项调查显示,基金经理“极度做空”科技股,对该行业的配置处于2006年8月以来的最低水平。期权市场却指向潜在的反弹。追踪纳指的规模达1570亿美元的Invesco QQQ Trust Series 1 ETF期权显示基于未平仓合约的看跌期权比率最近触及两年来的最低水平,未平仓的看涨期权则已飙升至2008年以来的最高水平(看跌期权比率的下降通常是看涨信号)。","news_type":1},"isVote":1,"tweetType":1,"viewCount":64,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9026009217,"gmtCreate":1653288021939,"gmtModify":1676535254426,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"Risk and opportunity","listText":"Risk and opportunity","text":"Risk and opportunity","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9026009217","repostId":"1126352915","repostType":4,"repost":{"id":"1126352915","pubTimestamp":1653287308,"share":"https://ttm.financial/m/news/1126352915?lang=&edition=fundamental","pubTime":"2022-05-23 14:28","market":"us","language":"zh","title":"华尔街对年底美股走势预测分歧巨大!还在猜底?","url":"https://stock-news.laohu8.com/highlight/detail?id=1126352915","media":"金十数据","summary":"华尔街目前对标普500指数年底最高和最低预测之间的差距达到了37%。美股连续七周下跌,上周五标普500指数一度下跌多达2.3%,五个月内下跌超过20%,险熊市收盘的风险。然而,买家在最后一小时突然涌入","content":"<html><head></head><body><p>华尔街目前对标普500指数年底最高和最低预测之间的差距达到了37%。</p><p>美股连续七周下跌,上周五标普500指数一度下跌多达2.3%,五个月内下跌超过20%,险熊市收盘的风险。然而,买家在最后一小时突然涌入,使其自1月3日以来的跌幅收窄至18.7%,再次避免跌入熊市。这让华尔街的预言家们像回到新冠疫情爆发初期一样,对美股的走势越来越摸不着头脑。</p><p><img src=\"https://static.tigerbbs.com/c6391cd2811caa710d42772057d5207e\" tg-width=\"1200\" tg-height=\"675\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>不同的是,疫情的扰乱已经有所消退,而现在最重大的打击来自美联储,它一心想从经济中榨取过剩的资金。再加上俄乌战争,供应链再度面临破坏的风险,股票估值处于20年来的高位。</p><p>结果就是,华尔街的预测结果大相径庭。本月又有六位策略师下调了对标普500指数的年终预期,<b>目前最高和最低预测之间的差距达到了37%。</b>在过去十年的同期,这种巨大的分歧只出现过一次:就在2020年3月的抛售之后。</p><p><img src=\"https://static.tigerbbs.com/f8ad85b6d65a8e4418b8793f276a2d7f\" tg-width=\"874\" tg-height=\"519\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>投资者困惑的证据无处不在。就在本周,Cathie Wood的旗舰ETF方舟投资(Ark Investment)和科技公司的股价连续五天在盈亏之间交替。与此同时,沃尔玛等在市场动荡期间作为避风港的零售公司因财报爆雷突然崩溃大跌。</p><p>事情会变得多糟糕?对于那些看空者来说,衰退是美联储对抗通胀的不可避免的结果。看好美联储的人可能会寄希望于其正在朝着目标前进。</p><p>LPL Financial首席股票策略师昆西·克劳斯比(Quincy Krosby)在电话中说:</p><blockquote>“我们面临的不确定性的性质不同了,但华尔街策略师现在的工作并不比疫情期间容易。经济走向没有确定性。有‘衰退’阵营、‘软着陆阵营’,以及介于两者之间的各种观点。”</blockquote><p>当前,金融环境收紧的速度是自1987年以来最快的。高盛集团追踪的金融状况指数自两个月前首次加息以来已下跌1%。彭博汇编的数据显示,<b>现阶段的紧缩步伐超过了之前所有五个加息周期。</b></p><p><img src=\"https://static.tigerbbs.com/53e02f4d19d67c2256fd6abc17a1f02b\" tg-width=\"1200\" tg-height=\"675\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>本周,奥本海默的约翰·斯托尔茨福斯(John Stoltzfus)在接受外媒采访时重申了他的看涨立场,他的年终目标价为5330点,是最新的策略师调查中最高的。他看到了现在和过去夸大美股跌势之间的相似之处。他说:</p><blockquote>“现在我的直觉告诉我,当前的情形看起来很像2009年初,像1994年,也像2018年第四季度。如果你不合时宜地做出负面预测,你就会错过之后的反弹。”</blockquote><p>2009年3月标志着在全球金融危机后长期牛市的开始。1994年,美联储开始了加息周期并成功避免了经济衰退。2018年底,在股市暴跌的情况下,美联储停止了加息,并于次年开始放宽政策。</p><p>目前,政策制定者对市场的流血几乎没有同情之心。但投资者并未放弃在情况恶化时美联储介入的希望,即对“美联储看跌期权”的预期。<b>在美国银行最新的调查中,基金经理预计,当标普指数跌至3529点时,“美联储看跌期权”将开始生效,该水平比上周五收盘价低9.5%。</b></p><p>然而,市场迟迟未能复苏,令华尔街上最不乐观的人也感到沮丧。Cantor Fitzgerald分析师Eric Johnston的年终目标为3900点,这是彭博追踪的策略师中最低的。5月初,在标普500指数出现50年来最糟糕的4月表现之后,他告诉客户,股市已经准备好反弹。几周后,大屠杀没有减弱的迹象,他承认了自己的过失。</p><p><b>最大的隐忧:熊市将至,但恐慌未至</b></p><p>更糟糕的是,迄今为止,美股的崩盘是否是一场恐慌?从某些方面来看,答案是否定的,这可能在短期内对股市来说是个坏兆头。</p><p>即使美股自2020年3月以来首次触及熊市,但<b>交易量一直处于平均水平</b>,<b>芝加哥期权交易所波动率指数低于本月的高点。</b>与此同时,<b>芝加哥期权交易所SKEW指数(标普500看跌期权相对于看涨期权的隐含波动率)接近两年低点</b>。</p><p>从逆向的角度来看,相对缺乏恐慌不一定是好事。AlphaTrAI分析师Max Gokhman认为,<b>标普500指数的走势相对有序,没有任何明显的恐慌迹象,这表明底部尚未出现。</b>再加上美联储打算继续寻求收紧金融条件,美股前景黯淡,可能还有更多的下跌空间。现在紧缩周期仅进行了三分之一,而衰退尚未出现。</p><p>Susquehanna International Group衍生品联席主管Chris Murphy表示:</p><blockquote>“我们通常会在真正的低点看到更多成交量,这是投资者投降的迹象。而目前的成交量并没有什么代表性,我更愿意看到成交量激增,以便对确认美股的底部更有信心。”</blockquote><p>SentimenTrader分析师Jay Kaeppel上周五在接受采访时说:</p><blockquote>“我们有恐惧、怀疑和焦虑,但我们没有投降。还没有人抛售股票,虽然我认为这种情况会发生。等VIX(恐慌指数)达到45时再叫醒我,因为回顾历史,每次股市大幅下跌都会伴随着VIX飙升到40或45,而VIX目前在30左右。”</blockquote><p><img src=\"https://static.tigerbbs.com/ce2299f3fd709ff49f919aa7601dc3ce\" tg-width=\"1200\" tg-height=\"675\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Evercore ISI首席股票和量化策略师朱利安·伊曼纽尔(Julian Emanuel)正在观察三个方面的投降迹象:VIX高于40;出售期权与买入期权交易量比率(评估市场的投资气氛)达到1.35——当前为1.27;股票成交量超过200亿股。他在最近的一份报告中写道:</p><blockquote>“修正的结束通常伴随着恐惧和投降——极端波动和成交量。”</blockquote><p><img src=\"https://static.tigerbbs.com/b58c264a99de8fa17fb25fc8ecfec7e5\" tg-width=\"765\" tg-height=\"790\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Piper Sandler的首席市场技术人员Craig W.Johnson也持类似观点。他也预计波动率指数将触及40点,并使用了一项他称之为“40周技术”的指标,该指标衡量有多少只股票高于或低于40周移动平均线,该指标已降至13%,如果低于10%,就有可能表明市场已经接近底部。</p><p>他在一份报告中写道,“历史上,低于10%的数据表明,整体市场接近拐点”。</p><p>Boston Partners全球市场研究主管MikeMullaney还指出,<b>企业利润率有可能进一步收缩</b>,所以美股下行的可能性要高于上涨,未来分析师可能会下调整体估值,直至底部估值的出现。他表示:</p><blockquote>“目前最重要的问题是美国会否实现经济软着陆,还是会陷入经济衰退。如果美联储致力于将通胀压低至他们的目前区间,那么我们更倾向于衰退而不是软着陆。而经济衰退可能将标普500的市盈率打到13倍左右,届时这个水平可能表明市场上几乎所有的资产都被低估了。”</blockquote><p><b>估值吸引力十足,但投资者仍保持谨慎</b></p><p>在市值蒸发5.5万亿美元后,美股科技股触底尚不容易,但有一些信号给投资者带来了希望。</p><p>利率上升、对经济增长放缓的担忧和通胀飙升形成了冲击美股的完美风暴,科技股今年受到重创,不论是去年投资方舟投资(Ark Investment)的散户,还是投资苹果等科技巨头的资产管理公司,无一幸免遇难。</p><p>以科技股为主的纳斯达克100指数较去年的峰值下跌了近30%,连续7周录得下跌,创自2011年以来最长的连跌。这使得其估值看起来更有吸引力。</p><p>随着疫情期间形成的估值泡沫消退,<b>纳指目前的市盈率约为预期收益的20倍,与长期平均水平一致。</b>追踪英特尔(Intel Corp.)和阿斯麦控股(ASML Holding NV)等芯片制造商的费城半导体指数(Philadelphia Semiconductor Index)未来12个月预期市盈率约为15倍,远低于2021年初创下的24倍的峰值。</p><p><img src=\"https://static.tigerbbs.com/932197ffffd6f7b0420a45dbd728e229\" tg-width=\"1200\" tg-height=\"675\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>Federated Hermes的投资组合经理Jordan Stuart说:</p><blockquote>“当发生如此多的屠杀时,投资者很难保有耐心。但这种痛苦应该很快就会结束。我们的建议是成长型投资者需要做好准备。”</blockquote><p>上周,杰富瑞的策略师转而看好信息技术行业,并在一份报告中表示,投资者因对极端利率情景的预期而追捧现金的情况“已过度反映在市场估值的压缩上”。</p><p>富国银行证券表示,由于看跌情绪在近期达到极端,它正在放弃对成长股的负面看法。事实上,交易价格高于200天移动平均线的公司数量已经达到了2020年上半年以来的最低水平,而一项衡量股市投资者热情的指标已经到达“明确的反向投资者买入区域”(unambiguous contrarian buy territory)。</p><p>对于经营Hennion & Walsh Asset Management的Kevin Mahn来说,现金充裕的苹果和微软将随着时间的推移弥补股价亏损,因为“大部分亏损已经结束”,而且科技领域正在出现一些好的买入机会。</p><p>然而,他也对反弹的时机持谨慎态度,因为市场尚未出现投降的迹象。“我当然不会称之为底部,而且我确信未来还会有更多的抛售”,他说。</p><p>与Mahn一样,<b>许多投资者在现在看起来更具吸引力的价格与全球经济前景仍然高度不确定的现实之间左右为难。</b></p><p><b>科技股的资金外流严重。</b>美国银行最近的一项调查显示,基金经理“极度做空”科技股,对该行业的配置处于2006年8月以来的最低水平。</p><p><b>期权市场却指向潜在的反弹。</b>追踪纳指的规模达1570亿美元的Invesco QQQ Trust Series 1 ETF期权显示基于未平仓合约的看跌期权比率最近触及两年来的最低水平,未平仓的看涨期权则已飙升至2008年以来的最高水平(看跌期权比率的下降通常是看涨信号)。</p><p><img src=\"https://static.tigerbbs.com/0eef381bcbe9afd956ab0591ecf708ff\" tg-width=\"1200\" tg-height=\"675\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p></body></html>","source":"jssj","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>华尔街对年底美股走势预测分歧巨大!还在猜底?</title>\n<style 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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华尔街对年底美股走势预测分歧巨大!还在猜底?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-23 14:28 北京时间 <a href=https://xnews.jin10.com/details/94453><strong>金十数据</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>华尔街目前对标普500指数年底最高和最低预测之间的差距达到了37%。美股连续七周下跌,上周五标普500指数一度下跌多达2.3%,五个月内下跌超过20%,险熊市收盘的风险。然而,买家在最后一小时突然涌入,使其自1月3日以来的跌幅收窄至18.7%,再次避免跌入熊市。这让华尔街的预言家们像回到新冠疫情爆发初期一样,对美股的走势越来越摸不着头脑。不同的是,疫情的扰乱已经有所消退,而现在最重大的打击来自...</p>\n\n<a href=\"https://xnews.jin10.com/details/94453\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4f6ec6e99c0c8b9feb7f296b78c65a54","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://xnews.jin10.com/details/94453","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126352915","content_text":"华尔街目前对标普500指数年底最高和最低预测之间的差距达到了37%。美股连续七周下跌,上周五标普500指数一度下跌多达2.3%,五个月内下跌超过20%,险熊市收盘的风险。然而,买家在最后一小时突然涌入,使其自1月3日以来的跌幅收窄至18.7%,再次避免跌入熊市。这让华尔街的预言家们像回到新冠疫情爆发初期一样,对美股的走势越来越摸不着头脑。不同的是,疫情的扰乱已经有所消退,而现在最重大的打击来自美联储,它一心想从经济中榨取过剩的资金。再加上俄乌战争,供应链再度面临破坏的风险,股票估值处于20年来的高位。结果就是,华尔街的预测结果大相径庭。本月又有六位策略师下调了对标普500指数的年终预期,目前最高和最低预测之间的差距达到了37%。在过去十年的同期,这种巨大的分歧只出现过一次:就在2020年3月的抛售之后。投资者困惑的证据无处不在。就在本周,Cathie Wood的旗舰ETF方舟投资(Ark Investment)和科技公司的股价连续五天在盈亏之间交替。与此同时,沃尔玛等在市场动荡期间作为避风港的零售公司因财报爆雷突然崩溃大跌。事情会变得多糟糕?对于那些看空者来说,衰退是美联储对抗通胀的不可避免的结果。看好美联储的人可能会寄希望于其正在朝着目标前进。LPL Financial首席股票策略师昆西·克劳斯比(Quincy Krosby)在电话中说:“我们面临的不确定性的性质不同了,但华尔街策略师现在的工作并不比疫情期间容易。经济走向没有确定性。有‘衰退’阵营、‘软着陆阵营’,以及介于两者之间的各种观点。”当前,金融环境收紧的速度是自1987年以来最快的。高盛集团追踪的金融状况指数自两个月前首次加息以来已下跌1%。彭博汇编的数据显示,现阶段的紧缩步伐超过了之前所有五个加息周期。本周,奥本海默的约翰·斯托尔茨福斯(John Stoltzfus)在接受外媒采访时重申了他的看涨立场,他的年终目标价为5330点,是最新的策略师调查中最高的。他看到了现在和过去夸大美股跌势之间的相似之处。他说:“现在我的直觉告诉我,当前的情形看起来很像2009年初,像1994年,也像2018年第四季度。如果你不合时宜地做出负面预测,你就会错过之后的反弹。”2009年3月标志着在全球金融危机后长期牛市的开始。1994年,美联储开始了加息周期并成功避免了经济衰退。2018年底,在股市暴跌的情况下,美联储停止了加息,并于次年开始放宽政策。目前,政策制定者对市场的流血几乎没有同情之心。但投资者并未放弃在情况恶化时美联储介入的希望,即对“美联储看跌期权”的预期。在美国银行最新的调查中,基金经理预计,当标普指数跌至3529点时,“美联储看跌期权”将开始生效,该水平比上周五收盘价低9.5%。然而,市场迟迟未能复苏,令华尔街上最不乐观的人也感到沮丧。Cantor Fitzgerald分析师Eric Johnston的年终目标为3900点,这是彭博追踪的策略师中最低的。5月初,在标普500指数出现50年来最糟糕的4月表现之后,他告诉客户,股市已经准备好反弹。几周后,大屠杀没有减弱的迹象,他承认了自己的过失。最大的隐忧:熊市将至,但恐慌未至更糟糕的是,迄今为止,美股的崩盘是否是一场恐慌?从某些方面来看,答案是否定的,这可能在短期内对股市来说是个坏兆头。即使美股自2020年3月以来首次触及熊市,但交易量一直处于平均水平,芝加哥期权交易所波动率指数低于本月的高点。与此同时,芝加哥期权交易所SKEW指数(标普500看跌期权相对于看涨期权的隐含波动率)接近两年低点。从逆向的角度来看,相对缺乏恐慌不一定是好事。AlphaTrAI分析师Max Gokhman认为,标普500指数的走势相对有序,没有任何明显的恐慌迹象,这表明底部尚未出现。再加上美联储打算继续寻求收紧金融条件,美股前景黯淡,可能还有更多的下跌空间。现在紧缩周期仅进行了三分之一,而衰退尚未出现。Susquehanna International Group衍生品联席主管Chris Murphy表示:“我们通常会在真正的低点看到更多成交量,这是投资者投降的迹象。而目前的成交量并没有什么代表性,我更愿意看到成交量激增,以便对确认美股的底部更有信心。”SentimenTrader分析师Jay Kaeppel上周五在接受采访时说:“我们有恐惧、怀疑和焦虑,但我们没有投降。还没有人抛售股票,虽然我认为这种情况会发生。等VIX(恐慌指数)达到45时再叫醒我,因为回顾历史,每次股市大幅下跌都会伴随着VIX飙升到40或45,而VIX目前在30左右。”Evercore ISI首席股票和量化策略师朱利安·伊曼纽尔(Julian Emanuel)正在观察三个方面的投降迹象:VIX高于40;出售期权与买入期权交易量比率(评估市场的投资气氛)达到1.35——当前为1.27;股票成交量超过200亿股。他在最近的一份报告中写道:“修正的结束通常伴随着恐惧和投降——极端波动和成交量。”Piper Sandler的首席市场技术人员Craig W.Johnson也持类似观点。他也预计波动率指数将触及40点,并使用了一项他称之为“40周技术”的指标,该指标衡量有多少只股票高于或低于40周移动平均线,该指标已降至13%,如果低于10%,就有可能表明市场已经接近底部。他在一份报告中写道,“历史上,低于10%的数据表明,整体市场接近拐点”。Boston Partners全球市场研究主管MikeMullaney还指出,企业利润率有可能进一步收缩,所以美股下行的可能性要高于上涨,未来分析师可能会下调整体估值,直至底部估值的出现。他表示:“目前最重要的问题是美国会否实现经济软着陆,还是会陷入经济衰退。如果美联储致力于将通胀压低至他们的目前区间,那么我们更倾向于衰退而不是软着陆。而经济衰退可能将标普500的市盈率打到13倍左右,届时这个水平可能表明市场上几乎所有的资产都被低估了。”估值吸引力十足,但投资者仍保持谨慎在市值蒸发5.5万亿美元后,美股科技股触底尚不容易,但有一些信号给投资者带来了希望。利率上升、对经济增长放缓的担忧和通胀飙升形成了冲击美股的完美风暴,科技股今年受到重创,不论是去年投资方舟投资(Ark Investment)的散户,还是投资苹果等科技巨头的资产管理公司,无一幸免遇难。以科技股为主的纳斯达克100指数较去年的峰值下跌了近30%,连续7周录得下跌,创自2011年以来最长的连跌。这使得其估值看起来更有吸引力。随着疫情期间形成的估值泡沫消退,纳指目前的市盈率约为预期收益的20倍,与长期平均水平一致。追踪英特尔(Intel Corp.)和阿斯麦控股(ASML Holding NV)等芯片制造商的费城半导体指数(Philadelphia Semiconductor Index)未来12个月预期市盈率约为15倍,远低于2021年初创下的24倍的峰值。Federated Hermes的投资组合经理Jordan Stuart说:“当发生如此多的屠杀时,投资者很难保有耐心。但这种痛苦应该很快就会结束。我们的建议是成长型投资者需要做好准备。”上周,杰富瑞的策略师转而看好信息技术行业,并在一份报告中表示,投资者因对极端利率情景的预期而追捧现金的情况“已过度反映在市场估值的压缩上”。富国银行证券表示,由于看跌情绪在近期达到极端,它正在放弃对成长股的负面看法。事实上,交易价格高于200天移动平均线的公司数量已经达到了2020年上半年以来的最低水平,而一项衡量股市投资者热情的指标已经到达“明确的反向投资者买入区域”(unambiguous contrarian buy territory)。对于经营Hennion & Walsh Asset Management的Kevin Mahn来说,现金充裕的苹果和微软将随着时间的推移弥补股价亏损,因为“大部分亏损已经结束”,而且科技领域正在出现一些好的买入机会。然而,他也对反弹的时机持谨慎态度,因为市场尚未出现投降的迹象。“我当然不会称之为底部,而且我确信未来还会有更多的抛售”,他说。与Mahn一样,许多投资者在现在看起来更具吸引力的价格与全球经济前景仍然高度不确定的现实之间左右为难。科技股的资金外流严重。美国银行最近的一项调查显示,基金经理“极度做空”科技股,对该行业的配置处于2006年8月以来的最低水平。期权市场却指向潜在的反弹。追踪纳指的规模达1570亿美元的Invesco QQQ Trust Series 1 ETF期权显示基于未平仓合约的看跌期权比率最近触及两年来的最低水平,未平仓的看涨期权则已飙升至2008年以来的最高水平(看跌期权比率的下降通常是看涨信号)。","news_type":1},"isVote":1,"tweetType":1,"viewCount":170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9028166073,"gmtCreate":1653185383792,"gmtModify":1676535236334,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"123","listText":"123","text":"123","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9028166073","repostId":"1105761866","repostType":4,"repost":{"id":"1105761866","weMediaInfo":{"introduction":"致力于提供最及时的财经资讯,最专业的解读分析,覆盖宏观经济、金融机构、A股市场、上市公司、投资理财等财经领域。","home_visible":1,"media_name":"券商中国","id":"9","head_image":"https://static.tigerbbs.com/d482d56459984e8c86a6a137295b3c4f"},"pubTimestamp":1653180050,"share":"https://ttm.financial/m/news/1105761866?lang=&edition=fundamental","pubTime":"2022-05-22 08:40","market":"us","language":"zh","title":"币圈爆雷\"炸\"伤了谁?谨防\"归零风险\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1105761866","media":"券商中国","summary":"近日,加密货币LUNA币一夜归零事件震动币圈玩家。截至5月16日,被誉为虚拟币圈“茅台”的LUNA币已经跌至每枚0.0001972美元,而在4月5日,每枚LUNA币还标价119.18美元。高波动加杠杆","content":"<html><head></head><body><p>近日,加密货币LUNA币一夜归零事件震动币圈玩家。</p><p>截至5月16日,被誉为虚拟币圈“茅台”的LUNA币已经跌至每枚0.0001972美元,而在4月5日,每枚LUNA币还标价119.18美元。高波动加杠杆等于炸药,大量投资者一个月内亏到血本无归。</p><p><b>这正是投资中最危险的事情,缺乏内在价值支撑但被资金爆炒的虚拟币、绩差股、深度虚值的期权、港股中的“老千股”……都是财富的绞肉机。但投资者禁不住这些带有庞氏骗局性质资产价格快速上涨的引诱,把自己的财富投入这些项目上,缺乏谨慎的投资态度或者自认为聪明的投机不仅造成财富一夜之间化为乌有,甚至还面临家破人亡的悲剧。</b></p><p>“投机事件总是以一声巨响而非一声抽泣告终,人们将有机会看到这一规律的重复。”正如《金融狂热简史》作者约翰﹒肯尼迪﹒加尔布雷斯所说,大崩盘永远不会温柔地到来,人们拼命想逃离但基本上失效。</p><p>券商中国·投资小红书的统计数据显示,今年以来A股已有18只股票退市,它们在2015年巅峰时期的市值合计高达2000亿元,其中7家公司当时因为沾上了动漫、保险、手游等风口而被资金爆炒市值曾超过100亿元。</p><p><b>目前这18只退市个股的市值合计仅为100亿元,且大多数处在买盘稀少无量跌停状态。风停之后,这些个股如雪糕般快速融化的市值让投资者即使止损也难免会严重受伤,更何况很多受到风口诱惑高位买入的投资者本身就缺少纠错能力。</b></p><p><b>归零风险,投资之路不能承受之重</b></p><p>投资者只看到价格暴涨就跟风买入,而不细究背后价值几何是非常危险的投资行为。加密货币、“老千股”、“末日轮”、“ 风口股”,价格大涨时都是诱人的陷阱,禁不住诱惑的投资者往往面临投资归零的悲剧。</p><p>LUNA币并非特例。<a href=\"https://laohu8.com/S/NFLX\">奈飞</a>的网剧《鱿鱼游戏》全网爆红后,一款“鱿鱼币”发布后开启暴涨模式,2021年11月初的一周最高涨幅近2400倍,但随后轰然倒塌,一夜归零。同时,域名The SquidGame Cash的网站与其创建者建立在其他社交媒体的账号同时凭空消失。</p><p><b>海外有一个死亡加密货币的网站,也被称为加密货币坟墓。据该网站统计,迄今已有1705个死亡的加密货币。高杠杆叠加高波动导致了财富的瞬间灰飞烟灭,大崩盘之下能够逃出生天无疑是奢求,据报道,由于LUNA币暴跌带动其他虚拟币价格一起下跌,5月12日,币圈就有将近40万人爆仓。</b></p><p>在过去二十多年中,港股中的“老千股”是名副其实的财富绞肉机。“老千股”的玩法其实多年来并非秘密,但令人费解的是,依然有投资者前赴后继飞蛾扑火。港股市场上常见的出老千套路是,先用各种消息诱惑散户进场,之后通过压低股价,再配以大折价配股或供股、频繁合股等手段,绞杀散户。</p><p>港股“老千股”常年缺少流动性,买入容易退出难,极少的卖出金额就能将个股砸出百分之三五十“深坑”。“老千股”通常先来个超过100%的暴涨吸引眼球,然后配合释放利好消息。买入容易卖出难,一旦受到诱惑沾上“老千股”,投资者就受制于流动性不足难以退出,只能眼睁睁看着自己账户中的资金在“老千股”玩家翻云覆雨的各种手段中越来越少。</p><p><b>深度虚值的期权,尤其是“末日轮”堪称财富路上的杀手。以2005年股权分置改革中首只在上交所挂牌的宝钢权证为例,该权证挂牌于1.263元,摘牌于0.031元,在“末日轮”的当天,该权证从0.211元暴跌至0.031元,暴跌85%。深度虚值的期权本身就是一张废纸,成为投机者们赌博的工具,难免终将归零。</b></p><p>此外,在股票市场上,爆炒遇到风口而大涨的绩差股也存在重大风险。统计数据显示,今年以来已有18只股票退市。令人唏嘘的是,这18家公司市值高峰时期约为2000亿元。</p><p><img src=\"https://static.tigerbbs.com/02e9015f2948608ed49b1e30ada33886\" tg-width=\"769\" tg-height=\"869\" referrerpolicy=\"no-referrer\"/></p><p><b>一旦参与博傻,就不要幻想自己不是最后接棒者</b></p><p>无论是加密货币还是“末日轮”,在投机游戏中,参与者们要么意识不到自己在做什么,要么认为自己是在聪明的投机不会是最后的接棒者,在泡沫破裂之前可以退出市场。</p><p>投机像山岳一样古老,但其中参与者很难得到善终,即使利弗莫尔这样的职业投机高手,最后一样落到穷困潦倒、身心俱疲,自杀身亡的悲惨结局。只要不离开牌桌,就不能说自己赢了。可能一次归零事件,就会导致长期的投机成果全部归零。举着火把穿过炸药库,屡屡到悬崖上看风景,常走夜路,迟早会碰到重大风险事件。</p><p>就如17世纪的郁金香泡沫中,当热潮走向尾声,主导规则再次起了作用。已经醒悟的人和焦虑不安的人开始脱身,没有人知道其中的原因;一些人看到他们脱手,也着急出售,由此引发了恐慌;价格迎来断崖式跌落。要知道那些投机者中的一大部分还是用抵押财产的贷款购买郁金香的,也就是利用杠杆,他们面临突如其来的财产剥夺甚至破产。</p><p>2015年夏天A股巨震时,也能观察到同样的现象,大量严重缺乏内在价值的绩差股被爆炒到天际,本身就不可持续,外加场外资金去杠杆,音乐停止时,大量资金夺门而出,但买盘罕见,最终演变为断崖式的下跌。</p><p><b>在2015年巨震行情中,能够保持淡定的唯有价值投资者,因为他们持有的股票有内在价值支撑,即使遭遇短暂下跌,最终还会再反弹回来。而博傻投资者则卷入了去杠杆与个股下跌的交替恶性循环中。</b></p><p>投资者一旦参与了博傻,就不要幻想自己能在泡沫破裂之前聪明逃脱。人性的贪婪让他在音乐停止之前苦苦恋战,但音乐一旦停止,市场马上进入崩溃状态。即使聪明绝顶的牛顿,在南海泡沫期间也因为反复杀进杀出损失了2万英镑,“我可以测出天体的运动,但我测不出人类有多疯狂”。</p><p>就如约翰·肯尼思·加尔布雷斯所说,投机局面下市场最终会出现不可避免的暴跌,这种境况注定不会温和地来临或者逐步来临。当它到来时,它带有灾难的狰狞面孔。这是因为投机的两组参与者(不知自己在投机者和知道自己在投机者)都会争先恐后地逃离市场。</p><p>“尽管总是备受争议,但最终触发反转的原因到底是什么并不重要。那些一直在上升浪潮中的人认定此时就是脱身的机会。那些认为市场的增长会永远持续的人发觉他们的幻想突然破灭了,他们也通过抛售或试图抛售来应对新的现实。于是市场崩溃。”</p><p>约翰·肯尼思·加尔布雷斯说,投机事件总是以一声巨响而非一声抽泣告终。人们将有机会看到这一规律的频繁重复。</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>币圈爆雷\"炸\"伤了谁?谨防\"归零风险\"</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; 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}\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n币圈爆雷\"炸\"伤了谁?谨防\"归零风险\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/9\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d482d56459984e8c86a6a137295b3c4f);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">券商中国 </p>\n<p class=\"h-time\">2022-05-22 08:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>近日,加密货币LUNA币一夜归零事件震动币圈玩家。</p><p>截至5月16日,被誉为虚拟币圈“茅台”的LUNA币已经跌至每枚0.0001972美元,而在4月5日,每枚LUNA币还标价119.18美元。高波动加杠杆等于炸药,大量投资者一个月内亏到血本无归。</p><p><b>这正是投资中最危险的事情,缺乏内在价值支撑但被资金爆炒的虚拟币、绩差股、深度虚值的期权、港股中的“老千股”……都是财富的绞肉机。但投资者禁不住这些带有庞氏骗局性质资产价格快速上涨的引诱,把自己的财富投入这些项目上,缺乏谨慎的投资态度或者自认为聪明的投机不仅造成财富一夜之间化为乌有,甚至还面临家破人亡的悲剧。</b></p><p>“投机事件总是以一声巨响而非一声抽泣告终,人们将有机会看到这一规律的重复。”正如《金融狂热简史》作者约翰﹒肯尼迪﹒加尔布雷斯所说,大崩盘永远不会温柔地到来,人们拼命想逃离但基本上失效。</p><p>券商中国·投资小红书的统计数据显示,今年以来A股已有18只股票退市,它们在2015年巅峰时期的市值合计高达2000亿元,其中7家公司当时因为沾上了动漫、保险、手游等风口而被资金爆炒市值曾超过100亿元。</p><p><b>目前这18只退市个股的市值合计仅为100亿元,且大多数处在买盘稀少无量跌停状态。风停之后,这些个股如雪糕般快速融化的市值让投资者即使止损也难免会严重受伤,更何况很多受到风口诱惑高位买入的投资者本身就缺少纠错能力。</b></p><p><b>归零风险,投资之路不能承受之重</b></p><p>投资者只看到价格暴涨就跟风买入,而不细究背后价值几何是非常危险的投资行为。加密货币、“老千股”、“末日轮”、“ 风口股”,价格大涨时都是诱人的陷阱,禁不住诱惑的投资者往往面临投资归零的悲剧。</p><p>LUNA币并非特例。<a href=\"https://laohu8.com/S/NFLX\">奈飞</a>的网剧《鱿鱼游戏》全网爆红后,一款“鱿鱼币”发布后开启暴涨模式,2021年11月初的一周最高涨幅近2400倍,但随后轰然倒塌,一夜归零。同时,域名The SquidGame Cash的网站与其创建者建立在其他社交媒体的账号同时凭空消失。</p><p><b>海外有一个死亡加密货币的网站,也被称为加密货币坟墓。据该网站统计,迄今已有1705个死亡的加密货币。高杠杆叠加高波动导致了财富的瞬间灰飞烟灭,大崩盘之下能够逃出生天无疑是奢求,据报道,由于LUNA币暴跌带动其他虚拟币价格一起下跌,5月12日,币圈就有将近40万人爆仓。</b></p><p>在过去二十多年中,港股中的“老千股”是名副其实的财富绞肉机。“老千股”的玩法其实多年来并非秘密,但令人费解的是,依然有投资者前赴后继飞蛾扑火。港股市场上常见的出老千套路是,先用各种消息诱惑散户进场,之后通过压低股价,再配以大折价配股或供股、频繁合股等手段,绞杀散户。</p><p>港股“老千股”常年缺少流动性,买入容易退出难,极少的卖出金额就能将个股砸出百分之三五十“深坑”。“老千股”通常先来个超过100%的暴涨吸引眼球,然后配合释放利好消息。买入容易卖出难,一旦受到诱惑沾上“老千股”,投资者就受制于流动性不足难以退出,只能眼睁睁看着自己账户中的资金在“老千股”玩家翻云覆雨的各种手段中越来越少。</p><p><b>深度虚值的期权,尤其是“末日轮”堪称财富路上的杀手。以2005年股权分置改革中首只在上交所挂牌的宝钢权证为例,该权证挂牌于1.263元,摘牌于0.031元,在“末日轮”的当天,该权证从0.211元暴跌至0.031元,暴跌85%。深度虚值的期权本身就是一张废纸,成为投机者们赌博的工具,难免终将归零。</b></p><p>此外,在股票市场上,爆炒遇到风口而大涨的绩差股也存在重大风险。统计数据显示,今年以来已有18只股票退市。令人唏嘘的是,这18家公司市值高峰时期约为2000亿元。</p><p><img src=\"https://static.tigerbbs.com/02e9015f2948608ed49b1e30ada33886\" tg-width=\"769\" tg-height=\"869\" referrerpolicy=\"no-referrer\"/></p><p><b>一旦参与博傻,就不要幻想自己不是最后接棒者</b></p><p>无论是加密货币还是“末日轮”,在投机游戏中,参与者们要么意识不到自己在做什么,要么认为自己是在聪明的投机不会是最后的接棒者,在泡沫破裂之前可以退出市场。</p><p>投机像山岳一样古老,但其中参与者很难得到善终,即使利弗莫尔这样的职业投机高手,最后一样落到穷困潦倒、身心俱疲,自杀身亡的悲惨结局。只要不离开牌桌,就不能说自己赢了。可能一次归零事件,就会导致长期的投机成果全部归零。举着火把穿过炸药库,屡屡到悬崖上看风景,常走夜路,迟早会碰到重大风险事件。</p><p>就如17世纪的郁金香泡沫中,当热潮走向尾声,主导规则再次起了作用。已经醒悟的人和焦虑不安的人开始脱身,没有人知道其中的原因;一些人看到他们脱手,也着急出售,由此引发了恐慌;价格迎来断崖式跌落。要知道那些投机者中的一大部分还是用抵押财产的贷款购买郁金香的,也就是利用杠杆,他们面临突如其来的财产剥夺甚至破产。</p><p>2015年夏天A股巨震时,也能观察到同样的现象,大量严重缺乏内在价值的绩差股被爆炒到天际,本身就不可持续,外加场外资金去杠杆,音乐停止时,大量资金夺门而出,但买盘罕见,最终演变为断崖式的下跌。</p><p><b>在2015年巨震行情中,能够保持淡定的唯有价值投资者,因为他们持有的股票有内在价值支撑,即使遭遇短暂下跌,最终还会再反弹回来。而博傻投资者则卷入了去杠杆与个股下跌的交替恶性循环中。</b></p><p>投资者一旦参与了博傻,就不要幻想自己能在泡沫破裂之前聪明逃脱。人性的贪婪让他在音乐停止之前苦苦恋战,但音乐一旦停止,市场马上进入崩溃状态。即使聪明绝顶的牛顿,在南海泡沫期间也因为反复杀进杀出损失了2万英镑,“我可以测出天体的运动,但我测不出人类有多疯狂”。</p><p>就如约翰·肯尼思·加尔布雷斯所说,投机局面下市场最终会出现不可避免的暴跌,这种境况注定不会温和地来临或者逐步来临。当它到来时,它带有灾难的狰狞面孔。这是因为投机的两组参与者(不知自己在投机者和知道自己在投机者)都会争先恐后地逃离市场。</p><p>“尽管总是备受争议,但最终触发反转的原因到底是什么并不重要。那些一直在上升浪潮中的人认定此时就是脱身的机会。那些认为市场的增长会永远持续的人发觉他们的幻想突然破灭了,他们也通过抛售或试图抛售来应对新的现实。于是市场崩溃。”</p><p>约翰·肯尼思·加尔布雷斯说,投机事件总是以一声巨响而非一声抽泣告终。人们将有机会看到这一规律的频繁重复。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f295885fdbb289f10fd42d43b2f5e911","relate_stocks":{},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105761866","content_text":"近日,加密货币LUNA币一夜归零事件震动币圈玩家。截至5月16日,被誉为虚拟币圈“茅台”的LUNA币已经跌至每枚0.0001972美元,而在4月5日,每枚LUNA币还标价119.18美元。高波动加杠杆等于炸药,大量投资者一个月内亏到血本无归。这正是投资中最危险的事情,缺乏内在价值支撑但被资金爆炒的虚拟币、绩差股、深度虚值的期权、港股中的“老千股”……都是财富的绞肉机。但投资者禁不住这些带有庞氏骗局性质资产价格快速上涨的引诱,把自己的财富投入这些项目上,缺乏谨慎的投资态度或者自认为聪明的投机不仅造成财富一夜之间化为乌有,甚至还面临家破人亡的悲剧。“投机事件总是以一声巨响而非一声抽泣告终,人们将有机会看到这一规律的重复。”正如《金融狂热简史》作者约翰﹒肯尼迪﹒加尔布雷斯所说,大崩盘永远不会温柔地到来,人们拼命想逃离但基本上失效。券商中国·投资小红书的统计数据显示,今年以来A股已有18只股票退市,它们在2015年巅峰时期的市值合计高达2000亿元,其中7家公司当时因为沾上了动漫、保险、手游等风口而被资金爆炒市值曾超过100亿元。目前这18只退市个股的市值合计仅为100亿元,且大多数处在买盘稀少无量跌停状态。风停之后,这些个股如雪糕般快速融化的市值让投资者即使止损也难免会严重受伤,更何况很多受到风口诱惑高位买入的投资者本身就缺少纠错能力。归零风险,投资之路不能承受之重投资者只看到价格暴涨就跟风买入,而不细究背后价值几何是非常危险的投资行为。加密货币、“老千股”、“末日轮”、“ 风口股”,价格大涨时都是诱人的陷阱,禁不住诱惑的投资者往往面临投资归零的悲剧。LUNA币并非特例。奈飞的网剧《鱿鱼游戏》全网爆红后,一款“鱿鱼币”发布后开启暴涨模式,2021年11月初的一周最高涨幅近2400倍,但随后轰然倒塌,一夜归零。同时,域名The SquidGame Cash的网站与其创建者建立在其他社交媒体的账号同时凭空消失。海外有一个死亡加密货币的网站,也被称为加密货币坟墓。据该网站统计,迄今已有1705个死亡的加密货币。高杠杆叠加高波动导致了财富的瞬间灰飞烟灭,大崩盘之下能够逃出生天无疑是奢求,据报道,由于LUNA币暴跌带动其他虚拟币价格一起下跌,5月12日,币圈就有将近40万人爆仓。在过去二十多年中,港股中的“老千股”是名副其实的财富绞肉机。“老千股”的玩法其实多年来并非秘密,但令人费解的是,依然有投资者前赴后继飞蛾扑火。港股市场上常见的出老千套路是,先用各种消息诱惑散户进场,之后通过压低股价,再配以大折价配股或供股、频繁合股等手段,绞杀散户。港股“老千股”常年缺少流动性,买入容易退出难,极少的卖出金额就能将个股砸出百分之三五十“深坑”。“老千股”通常先来个超过100%的暴涨吸引眼球,然后配合释放利好消息。买入容易卖出难,一旦受到诱惑沾上“老千股”,投资者就受制于流动性不足难以退出,只能眼睁睁看着自己账户中的资金在“老千股”玩家翻云覆雨的各种手段中越来越少。深度虚值的期权,尤其是“末日轮”堪称财富路上的杀手。以2005年股权分置改革中首只在上交所挂牌的宝钢权证为例,该权证挂牌于1.263元,摘牌于0.031元,在“末日轮”的当天,该权证从0.211元暴跌至0.031元,暴跌85%。深度虚值的期权本身就是一张废纸,成为投机者们赌博的工具,难免终将归零。此外,在股票市场上,爆炒遇到风口而大涨的绩差股也存在重大风险。统计数据显示,今年以来已有18只股票退市。令人唏嘘的是,这18家公司市值高峰时期约为2000亿元。一旦参与博傻,就不要幻想自己不是最后接棒者无论是加密货币还是“末日轮”,在投机游戏中,参与者们要么意识不到自己在做什么,要么认为自己是在聪明的投机不会是最后的接棒者,在泡沫破裂之前可以退出市场。投机像山岳一样古老,但其中参与者很难得到善终,即使利弗莫尔这样的职业投机高手,最后一样落到穷困潦倒、身心俱疲,自杀身亡的悲惨结局。只要不离开牌桌,就不能说自己赢了。可能一次归零事件,就会导致长期的投机成果全部归零。举着火把穿过炸药库,屡屡到悬崖上看风景,常走夜路,迟早会碰到重大风险事件。就如17世纪的郁金香泡沫中,当热潮走向尾声,主导规则再次起了作用。已经醒悟的人和焦虑不安的人开始脱身,没有人知道其中的原因;一些人看到他们脱手,也着急出售,由此引发了恐慌;价格迎来断崖式跌落。要知道那些投机者中的一大部分还是用抵押财产的贷款购买郁金香的,也就是利用杠杆,他们面临突如其来的财产剥夺甚至破产。2015年夏天A股巨震时,也能观察到同样的现象,大量严重缺乏内在价值的绩差股被爆炒到天际,本身就不可持续,外加场外资金去杠杆,音乐停止时,大量资金夺门而出,但买盘罕见,最终演变为断崖式的下跌。在2015年巨震行情中,能够保持淡定的唯有价值投资者,因为他们持有的股票有内在价值支撑,即使遭遇短暂下跌,最终还会再反弹回来。而博傻投资者则卷入了去杠杆与个股下跌的交替恶性循环中。投资者一旦参与了博傻,就不要幻想自己能在泡沫破裂之前聪明逃脱。人性的贪婪让他在音乐停止之前苦苦恋战,但音乐一旦停止,市场马上进入崩溃状态。即使聪明绝顶的牛顿,在南海泡沫期间也因为反复杀进杀出损失了2万英镑,“我可以测出天体的运动,但我测不出人类有多疯狂”。就如约翰·肯尼思·加尔布雷斯所说,投机局面下市场最终会出现不可避免的暴跌,这种境况注定不会温和地来临或者逐步来临。当它到来时,它带有灾难的狰狞面孔。这是因为投机的两组参与者(不知自己在投机者和知道自己在投机者)都会争先恐后地逃离市场。“尽管总是备受争议,但最终触发反转的原因到底是什么并不重要。那些一直在上升浪潮中的人认定此时就是脱身的机会。那些认为市场的增长会永远持续的人发觉他们的幻想突然破灭了,他们也通过抛售或试图抛售来应对新的现实。于是市场崩溃。”约翰·肯尼思·加尔布雷斯说,投机事件总是以一声巨响而非一声抽泣告终。人们将有机会看到这一规律的频繁重复。","news_type":1},"isVote":1,"tweetType":1,"viewCount":116,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9028168480,"gmtCreate":1653185363040,"gmtModify":1676535236326,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"123","listText":"123","text":"123","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9028168480","repostId":"1105761866","repostType":4,"isVote":1,"tweetType":1,"viewCount":125,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9021622390,"gmtCreate":1653049612610,"gmtModify":1676535214416,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"123","listText":"123","text":"123","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9021622390","repostId":"2236009774","repostType":4,"isVote":1,"tweetType":1,"viewCount":64,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9021622001,"gmtCreate":1653049589003,"gmtModify":1676535214393,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"123","listText":"123","text":"123","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9021622001","repostId":"2236009774","repostType":4,"repost":{"id":"2236009774","pubTimestamp":1653043031,"share":"https://ttm.financial/m/news/2236009774?lang=&edition=fundamental","pubTime":"2022-05-20 18:37","market":"fut","language":"zh","title":"“制裁令”已被架空?俄罗斯原油产量正在快速反弹","url":"https://stock-news.laohu8.com/highlight/detail?id=2236009774","media":"华尔街见闻","summary":"在经历欧美广泛的制裁后,俄罗斯石油生产正在企稳,显示出稳定复苏的迹象。克里姆林宫最高能源官员兼副总理亚历山大·诺瓦克周四表示,继4月下降100万桶/日后,俄罗斯石油产量已开始恢复,5月产量增加20—3","content":"<html><head></head><body><p>在经历欧美广泛的制裁后,俄罗斯石油生产正在企稳,显示出稳定复苏的迹象。</p><p>克里姆林宫最高能源官员兼副总理亚历山大·诺瓦克周四表示,继4月下降100万桶/日后,俄罗斯石油产量已开始恢复,5月产量增加20—30万桶/日,预计6月将进一步复苏。</p><p>虽然欧盟尚未就对俄分阶段实施石油禁运达成协议,但主要<a href=\"https://laohu8.com/S/OXY\">西方石油</a>公司已停止自行从俄罗斯购买石油。</p><p>但这并不意味着对欧出口完全中断。诺瓦克周四表示,俄罗斯石油生产商已经将石油出口到其他市场,然后重新转向欧洲市场。其同时表示,俄罗斯天然气工业股份公司大约一半的外国客户开立账户是为了满足该国以卢布支付的要求。</p><p>国际能源署(IEA)此前预测认为,尽管遭到抵制,俄罗斯今年的石油收入仍将增长50%。欧盟仍是俄罗斯4月最大的出口市场,占俄出口总额的43%。在西方首批对俄制裁生效的3月下降后,4月俄罗斯出口量反弹,增长62万桶/日至810万桶/日,接近俄乌冲突前水平。其中对欧盟、美国和英国的出口量减少约120万桶/日,对印度和土耳其的出口量分别增长73万桶/日和18万桶/日。</p><p>俄罗斯经济部预计,尽管石油产量短线企稳,俄罗斯今年全年能源产量仍将下降,预计2022年石油和石油产品的产量将下降9.3%,天然气产量预计将下降5.6%。</p></body></html>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE 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}\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n“制裁令”已被架空?俄罗斯原油产量正在快速反弹\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-20 18:37 北京时间 <a href=https://wallstreetcn.com/articles/3659919><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>在经历欧美广泛的制裁后,俄罗斯石油生产正在企稳,显示出稳定复苏的迹象。克里姆林宫最高能源官员兼副总理亚历山大·诺瓦克周四表示,继4月下降100万桶/日后,俄罗斯石油产量已开始恢复,5月产量增加20—30万桶/日,预计6月将进一步复苏。虽然欧盟尚未就对俄分阶段实施石油禁运达成协议,但主要西方石油公司已停止自行从俄罗斯购买石油。但这并不意味着对欧出口完全中断。诺瓦克周四表示,俄罗斯石油生产商已经将石油...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3659919\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3faadc006e67e6ac130a7b171f263b4d","relate_stocks":{"UCO":"二倍做多彭博原油ETF","USO":"美国原油ETF","SCO":"二倍做空彭博原油指数ETF","BK4570":"地缘局势概念股"},"source_url":"https://wallstreetcn.com/articles/3659919","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2236009774","content_text":"在经历欧美广泛的制裁后,俄罗斯石油生产正在企稳,显示出稳定复苏的迹象。克里姆林宫最高能源官员兼副总理亚历山大·诺瓦克周四表示,继4月下降100万桶/日后,俄罗斯石油产量已开始恢复,5月产量增加20—30万桶/日,预计6月将进一步复苏。虽然欧盟尚未就对俄分阶段实施石油禁运达成协议,但主要西方石油公司已停止自行从俄罗斯购买石油。但这并不意味着对欧出口完全中断。诺瓦克周四表示,俄罗斯石油生产商已经将石油出口到其他市场,然后重新转向欧洲市场。其同时表示,俄罗斯天然气工业股份公司大约一半的外国客户开立账户是为了满足该国以卢布支付的要求。国际能源署(IEA)此前预测认为,尽管遭到抵制,俄罗斯今年的石油收入仍将增长50%。欧盟仍是俄罗斯4月最大的出口市场,占俄出口总额的43%。在西方首批对俄制裁生效的3月下降后,4月俄罗斯出口量反弹,增长62万桶/日至810万桶/日,接近俄乌冲突前水平。其中对欧盟、美国和英国的出口量减少约120万桶/日,对印度和土耳其的出口量分别增长73万桶/日和18万桶/日。俄罗斯经济部预计,尽管石油产量短线企稳,俄罗斯今年全年能源产量仍将下降,预计2022年石油和石油产品的产量将下降9.3%,天然气产量预计将下降5.6%。","news_type":1},"isVote":1,"tweetType":1,"viewCount":135,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9063734054,"gmtCreate":1651534774688,"gmtModify":1676534920219,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"123","listText":"123","text":"123","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9063734054","repostId":"1191873408","repostType":4,"repost":{"id":"1191873408","pubTimestamp":1651503299,"share":"https://ttm.financial/m/news/1191873408?lang=&edition=fundamental","pubTime":"2022-05-02 22:54","market":"fut","language":"zh","title":"夜读 | 如何寻找理想的交易入场位?","url":"https://stock-news.laohu8.com/highlight/detail?id=1191873408","media":"交易员说","summary":"理想的交易入场位可以使得止损位设置的更加合理,同时也能带来巨大的风险回报比。不过,说起来容易做起来难啊!尽管这些“完美”的交易设置可能并不常见,但这并不意味着它们“难以”被发现。如果你寻找的方法得当,","content":"<html><head></head><body><p>理想的交易入场位可以使得止损位设置的更加合理,同时也能带来巨大的风险回报比。不过,说起来容易做起来难啊!</p><p>尽管这些“完美”的交易设置可能并不常见,但这并不意味着它们“难以”被发现。如果你寻找的方法得当,就可以锁定这样理想的入场位,为交易创造更好的开端。</p><p>基本上,百万美金交易员Nial Fuller表示,可使用三个步骤来寻找理想的入场点位。</p><p><b>找到“完美”交易入场的三个关键:</b></p><p>首先,最简单的方法就是,因为我个人比较喜欢日图框架交易,所以在日线图上寻找任何明显的价格行为交易信号。记住了,<b>只找“很明显”的信号和形态,而且要是自己非常熟悉的那种。</b></p><p>接着你要在交易图表上寻找支撑这些信号的交易汇合因素。比如,一个信号能与其他关键价位一致,或者在趋势内回撤后形成,就属于有支撑信息。</p><p>从本质上讲,如果你想找到“完美的交易入场点”,你需要尽可能多地罗列出支撑信号的因素。</p><p><i><b>1.找到信号、形态、水平进行交易。</b></i></p><p><i>这有点简单直接,但也是一项需要发展和完善的技能。本文中,我们将使用pin bar入场信号和Tailed bar入场信号。</i></p><p><i><b>2. 寻找入场“过滤器”和汇合因素,以及支撑交易信号的因素。</b></i></p><p><i>例如强劲趋势、关键水平支撑和阻力位、50%波动回撤位、事件区域以及移动平均线等。</i></p><p><i><b>3. 入场位调整和技巧</b></i><i>。</i></p><p><i>例如信号烛台自身的50%调整回撤入场,或简单地考虑附近的关键水平以获得更佳的入场点,从而使得自己能够设置更合理的止损位和更宽的止盈空间。</i></p><p><b>为了找到理想入场位,我每天会做这些事</b></p><p>醒来后,吃一顿健康营养早餐、再做点健身运动后,我开始坐在电脑前,看看纽约交易时段发生了什么,当然,这是因为我自己住在澳大利亚,醒来时前一天的纽约市场正好收盘了。我会看外汇、股指、主要商品市场,看看之前发生了什么,以及他们接下来对亚洲和欧洲市场的影响。</p><p>我的目标是快速浏览经常交易的市场是否有比较明显的信号或者形态。如果有所发现,我便按照上面第二步,看看是否能找到支撑这个交易信息的市场结构等,同时也判断这个机会是不是真的值得交易。毕竟不是每一个发现的信号都适合交易。</p><p><b>如果一个交易信号没有支撑汇合点,那么我可能不会交易它。</b>当然,若锁定了值得交易的信号,我才开始判断它是不是满足我的交易标准,如果是,我再进一步研究计划,比如如何更好的入场,如何设置止损,以及何时退出等。</p><p><b>让我们来看一些案例:</b></p><p><b>示例1:</b></p><p>在下面EUR/USD日图中,我们可以看到一个明显的pin bar做空信号,看起来这个信号的背后有很多支撑他的汇合因素。这一点我们将在下一张图中讨论。目前,留意到它的下影线明确突出,意味着价格在该区域出现较大的反转,以及遇到强阻力,并暗示接下来的数天价格可能继续走低。这个pin bar信号符合“明显”的概念,一眼就能看到:</p><p><img src=\"https://static.tigerbbs.com/cbcf8fafbc04a649633e4ccad7114744\" tg-width=\"835\" tg-height=\"494\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>在下面图表中,我们来看看有什么“证据”在支撑这个pin bar信号。在这种情况下,绝对有足够的证据来保证入场交易。如下图所示,市场处于数月的下跌趋势中,并且在关键阻力区附近形成了信号,信号本身带有明显的特征。在我看来,这些都可以作为它的支撑信息。接下来直接设置交易,等待市场触发设置,之后你可以去看场电影放松下,不要在入场开始交易后就盯着盘面:</p><p><img src=\"https://static.tigerbbs.com/01e16b662f6791579d6294a1810883ff\" tg-width=\"838\" tg-height=\"492\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>接下来,我们放大pin bar视图。我们现在专注入场位调整,以及看看是否能提升风险回报潜力。请注意,在此交易中,我们本可以在pin bar的50%回撤位附近入场,以大大提高风险回报率。但是,你仍然可以在该50%回撤位以下的某个位置入场。事实上,在pin bar接近50%回撤位的位置入场相对有更好的回报,我们需要灵活设置入场比较接近这个位置。大概的盈利目标是3到4倍。</p><p><img src=\"https://static.tigerbbs.com/ca0da3b3f4abef2d4814fd0fcfec7201\" tg-width=\"838\" tg-height=\"505\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>示例2:</b></p><p>下面是澳洲利亚股票指数SPI 200日线图。瞧了一眼这张图片,你就会被图表上抢眼的pin bar引起注意。它与日图上的水平很明显保持一致。那么这个pin bar的上影线非常突出,暗示价格将急剧反转。</p><p><img src=\"https://static.tigerbbs.com/6b82dc8f7cf47fa97af9e06fe3f3a8be\" tg-width=\"867\" tg-height=\"521\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>下图切换到周线图。通常,当在日图或4小时图上发现交易信号时,我会检查周线图,以了解该信号在长期时间框架背景下如何有意义,或者说它是否存在意义。</p><p>在这种情况下,上方日线图的pin bar的形成在周线图上存在非常强大的关键阻力区/事件区域,如下图所示。它还与日线图和周线图上的下降趋势一致。</p><p><img src=\"https://static.tigerbbs.com/dfb1453a971e66017e5dd53f078a9959\" tg-width=\"884\" tg-height=\"511\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>最后,我们将日线图上的pin bar信号放大。请注意,此处无法进行回撤/入场调整,但该交易仍具有2倍的潜在盈利,因为下一个支撑会在很低的价位出现,如下图所示。像这样在关键级别/事件区域形成的交易,加上趋势一致,因此可以肯定这是一个值得交易的信号,它可能预示着一波快速且幅度大的价格波动:</p><p><img src=\"https://static.tigerbbs.com/4c5520c5f8e94866cba0c8188482deef\" tg-width=\"916\" tg-height=\"546\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>示例3:</b></p><p>在这个示例中,我们将看到原油日线图上形成的几个看跌tailed bar信号(tailed bar指的是一个带有尾巴(影线)的烛台,影线的长度比烛台实体要更长)。你可以留意一个非常强劲的下跌趋势已经形成,这些看跌烛台信号就是在价格突破关键阻力位后下方形成并收于该水平之上。这些信号也许不如上面例子中的明显,不过考虑到市场空头背后的力量,经验比较丰富的交易者还是不难发现它们:<img src=\"https://static.tigerbbs.com/1809c5c61b740bbd170f25c96cc18282\" tg-width=\"838\" tg-height=\"504\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>一旦我们缩小图表视图,就可以清晰地看到信号烛台大小,以及形成的趋势。这些强大的支撑汇合因素使得这笔交易轻松盈利。</p><p><img src=\"https://static.tigerbbs.com/88f184c397b415eddfbfeebb3dba0ed3\" tg-width=\"850\" tg-height=\"499\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>把日线图上的信号放大,我们可以看到,即使止损刚好高于第一个tailed bar高点(并超过该水平),该交易仍存在巨大的潜在风险回报,因为该市场确实处于“失控趋势”,趋势非常强劲。这些类型的趋势最适合追加头寸,以此赚取巨额利润。请注意,仅在此处的一个位置上,你就可以轻松获得5倍的利润。</p><p><img src=\"https://static.tigerbbs.com/3b24f6290e32ea9b018e1485bc9dfad2\" tg-width=\"848\" tg-height=\"496\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><b>总结</b></p><p>本文中一个主要内容就是,<b>最好的交易是得到多个汇合因素支撑的。</b>在上述所有示例中,趋势非常明显,并且信号在关键水平上形成。一旦你了解并理解了正在寻找的东西,所有一切都水到渠成。然而,这些需要一些训练、时间和培养直觉才能真正获得。</p><p>我希望你记住,你正在寻找的信号和水平或信号和趋势的“交叉点”,甚至只是水平和趋势的“交叉点”,就像狙击手一样进行交易,在做好功课的前提下,选择那些有价值的交易去做。一旦你理解了如何阅读图表上的“资金足迹”,即价格行为,所有这一切都会变得更容易。</p></body></html>","source":"lsy1603977621793","collect":0,"html":"<!DOCTYPE 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}\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n夜读 | 如何寻找理想的交易入场位?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-02 22:54 北京时间 <a href=https://mp.weixin.qq.com/s/UItscfbGwpDKw1QVVq6Wjw><strong>交易员说</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>理想的交易入场位可以使得止损位设置的更加合理,同时也能带来巨大的风险回报比。不过,说起来容易做起来难啊!尽管这些“完美”的交易设置可能并不常见,但这并不意味着它们“难以”被发现。如果你寻找的方法得当,就可以锁定这样理想的入场位,为交易创造更好的开端。基本上,百万美金交易员Nial Fuller表示,可使用三个步骤来寻找理想的入场点位。找到“完美”交易入场的三个关键:首先,最简单的方法就是,因为我...</p>\n\n<a href=\"https://mp.weixin.qq.com/s/UItscfbGwpDKw1QVVq6Wjw\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e68f18a297e419bae3cc0320b6d8ff4e","relate_stocks":{"BK1539":"汽车股","BK1587":"次新股","LI":"理想汽车","02015":"理想汽车-W","BK1575":"同股不同权","BK1588":"回港中概股","BK1119":"汽车制造商"},"source_url":"https://mp.weixin.qq.com/s/UItscfbGwpDKw1QVVq6Wjw","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191873408","content_text":"理想的交易入场位可以使得止损位设置的更加合理,同时也能带来巨大的风险回报比。不过,说起来容易做起来难啊!尽管这些“完美”的交易设置可能并不常见,但这并不意味着它们“难以”被发现。如果你寻找的方法得当,就可以锁定这样理想的入场位,为交易创造更好的开端。基本上,百万美金交易员Nial Fuller表示,可使用三个步骤来寻找理想的入场点位。找到“完美”交易入场的三个关键:首先,最简单的方法就是,因为我个人比较喜欢日图框架交易,所以在日线图上寻找任何明显的价格行为交易信号。记住了,只找“很明显”的信号和形态,而且要是自己非常熟悉的那种。接着你要在交易图表上寻找支撑这些信号的交易汇合因素。比如,一个信号能与其他关键价位一致,或者在趋势内回撤后形成,就属于有支撑信息。从本质上讲,如果你想找到“完美的交易入场点”,你需要尽可能多地罗列出支撑信号的因素。1.找到信号、形态、水平进行交易。这有点简单直接,但也是一项需要发展和完善的技能。本文中,我们将使用pin bar入场信号和Tailed bar入场信号。2. 寻找入场“过滤器”和汇合因素,以及支撑交易信号的因素。例如强劲趋势、关键水平支撑和阻力位、50%波动回撤位、事件区域以及移动平均线等。3. 入场位调整和技巧。例如信号烛台自身的50%调整回撤入场,或简单地考虑附近的关键水平以获得更佳的入场点,从而使得自己能够设置更合理的止损位和更宽的止盈空间。为了找到理想入场位,我每天会做这些事醒来后,吃一顿健康营养早餐、再做点健身运动后,我开始坐在电脑前,看看纽约交易时段发生了什么,当然,这是因为我自己住在澳大利亚,醒来时前一天的纽约市场正好收盘了。我会看外汇、股指、主要商品市场,看看之前发生了什么,以及他们接下来对亚洲和欧洲市场的影响。我的目标是快速浏览经常交易的市场是否有比较明显的信号或者形态。如果有所发现,我便按照上面第二步,看看是否能找到支撑这个交易信息的市场结构等,同时也判断这个机会是不是真的值得交易。毕竟不是每一个发现的信号都适合交易。如果一个交易信号没有支撑汇合点,那么我可能不会交易它。当然,若锁定了值得交易的信号,我才开始判断它是不是满足我的交易标准,如果是,我再进一步研究计划,比如如何更好的入场,如何设置止损,以及何时退出等。让我们来看一些案例:示例1:在下面EUR/USD日图中,我们可以看到一个明显的pin bar做空信号,看起来这个信号的背后有很多支撑他的汇合因素。这一点我们将在下一张图中讨论。目前,留意到它的下影线明确突出,意味着价格在该区域出现较大的反转,以及遇到强阻力,并暗示接下来的数天价格可能继续走低。这个pin bar信号符合“明显”的概念,一眼就能看到:在下面图表中,我们来看看有什么“证据”在支撑这个pin bar信号。在这种情况下,绝对有足够的证据来保证入场交易。如下图所示,市场处于数月的下跌趋势中,并且在关键阻力区附近形成了信号,信号本身带有明显的特征。在我看来,这些都可以作为它的支撑信息。接下来直接设置交易,等待市场触发设置,之后你可以去看场电影放松下,不要在入场开始交易后就盯着盘面:接下来,我们放大pin bar视图。我们现在专注入场位调整,以及看看是否能提升风险回报潜力。请注意,在此交易中,我们本可以在pin bar的50%回撤位附近入场,以大大提高风险回报率。但是,你仍然可以在该50%回撤位以下的某个位置入场。事实上,在pin bar接近50%回撤位的位置入场相对有更好的回报,我们需要灵活设置入场比较接近这个位置。大概的盈利目标是3到4倍。示例2:下面是澳洲利亚股票指数SPI 200日线图。瞧了一眼这张图片,你就会被图表上抢眼的pin bar引起注意。它与日图上的水平很明显保持一致。那么这个pin bar的上影线非常突出,暗示价格将急剧反转。下图切换到周线图。通常,当在日图或4小时图上发现交易信号时,我会检查周线图,以了解该信号在长期时间框架背景下如何有意义,或者说它是否存在意义。在这种情况下,上方日线图的pin bar的形成在周线图上存在非常强大的关键阻力区/事件区域,如下图所示。它还与日线图和周线图上的下降趋势一致。最后,我们将日线图上的pin bar信号放大。请注意,此处无法进行回撤/入场调整,但该交易仍具有2倍的潜在盈利,因为下一个支撑会在很低的价位出现,如下图所示。像这样在关键级别/事件区域形成的交易,加上趋势一致,因此可以肯定这是一个值得交易的信号,它可能预示着一波快速且幅度大的价格波动:示例3:在这个示例中,我们将看到原油日线图上形成的几个看跌tailed bar信号(tailed bar指的是一个带有尾巴(影线)的烛台,影线的长度比烛台实体要更长)。你可以留意一个非常强劲的下跌趋势已经形成,这些看跌烛台信号就是在价格突破关键阻力位后下方形成并收于该水平之上。这些信号也许不如上面例子中的明显,不过考虑到市场空头背后的力量,经验比较丰富的交易者还是不难发现它们:一旦我们缩小图表视图,就可以清晰地看到信号烛台大小,以及形成的趋势。这些强大的支撑汇合因素使得这笔交易轻松盈利。把日线图上的信号放大,我们可以看到,即使止损刚好高于第一个tailed bar高点(并超过该水平),该交易仍存在巨大的潜在风险回报,因为该市场确实处于“失控趋势”,趋势非常强劲。这些类型的趋势最适合追加头寸,以此赚取巨额利润。请注意,仅在此处的一个位置上,你就可以轻松获得5倍的利润。总结本文中一个主要内容就是,最好的交易是得到多个汇合因素支撑的。在上述所有示例中,趋势非常明显,并且信号在关键水平上形成。一旦你了解并理解了正在寻找的东西,所有一切都水到渠成。然而,这些需要一些训练、时间和培养直觉才能真正获得。我希望你记住,你正在寻找的信号和水平或信号和趋势的“交叉点”,甚至只是水平和趋势的“交叉点”,就像狙击手一样进行交易,在做好功课的前提下,选择那些有价值的交易去做。一旦你理解了如何阅读图表上的“资金足迹”,即价格行为,所有这一切都会变得更容易。","news_type":1},"isVote":1,"tweetType":1,"viewCount":118,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9063510828,"gmtCreate":1651490826781,"gmtModify":1676534915305,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"123","listText":"123","text":"123","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9063510828","repostId":"1107758318","repostType":4,"repost":{"id":"1107758318","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1651488624,"share":"https://ttm.financial/m/news/1107758318?lang=&edition=fundamental","pubTime":"2022-05-02 18:50","market":"us","language":"zh","title":"苹果因支付问题面临欧盟反垄断诉讼","url":"https://stock-news.laohu8.com/highlight/detail?id=1107758318","media":"老虎资讯综合","summary":"5月2日,欧盟正式对苹果提出反垄断起诉,因苹果公司限制用户在苹果设备上通过第三方购买技术和服务。欧盟委员会在一份声明中指控苹果通过Apple Pay服务滥用其在移动钱包领域的主导地位,这可能导致苹果面","content":"<html><head></head><body><p>5月2日,欧盟正式对<a href=\"https://laohu8.com/S/AAPL\">苹果</a>提出反垄断起诉,因苹果公司限制用户在苹果设备上通过第三方购买技术和服务。欧盟委员会在一份声明中指控苹果通过Apple Pay服务滥用其在移动钱包领域的主导地位,这可能导致苹果面临巨额罚款。(彭博)</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>苹果因支付问题面临欧盟反垄断诉讼</title>\n<style 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}\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苹果因支付问题面临欧盟反垄断诉讼\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2022-05-02 18:50</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>5月2日,欧盟正式对<a href=\"https://laohu8.com/S/AAPL\">苹果</a>提出反垄断起诉,因苹果公司限制用户在苹果设备上通过第三方购买技术和服务。欧盟委员会在一份声明中指控苹果通过Apple Pay服务滥用其在移动钱包领域的主导地位,这可能导致苹果面临巨额罚款。(彭博)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/13f224bb016b853641f590b6753763d1","relate_stocks":{"BK4170":"电脑硬件、储存设备及电脑周边","BK4515":"5G概念","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","BK4553":"喜马拉雅资本持仓","BK4571":"数字音乐概念","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","BK4576":"AR","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","BK4575":"芯片概念","BK4501":"段永平概念","BK4559":"巴菲特持仓","BK4527":"明星科技股","BK4579":"人工智能","BK4550":"红杉资本持仓","AAPL":"苹果","BK4505":"高瓴资本持仓","BK4581":"高盛持仓"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107758318","content_text":"5月2日,欧盟正式对苹果提出反垄断起诉,因苹果公司限制用户在苹果设备上通过第三方购买技术和服务。欧盟委员会在一份声明中指控苹果通过Apple Pay服务滥用其在移动钱包领域的主导地位,这可能导致苹果面临巨额罚款。(彭博)","news_type":1},"isVote":1,"tweetType":1,"viewCount":115,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9063026320,"gmtCreate":1651373949128,"gmtModify":1676534897709,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"123","listText":"123","text":"123","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9063026320","repostId":"1145554634","repostType":4,"repost":{"id":"1145554634","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1651319482,"share":"https://ttm.financial/m/news/1145554634?lang=&edition=fundamental","pubTime":"2022-04-30 19:51","market":"us","language":"zh","title":"伯克希尔:一季度净利同比下滑53%,大幅增持雪佛龙","url":"https://stock-news.laohu8.com/highlight/detail?id=1145554634","media":"老虎资讯综合","summary":"第一季度斥资32亿美元用于回购公司A类股和B类股,这是自2020年同期以来的最低水平。","content":"<html><head></head><body><p>4月30日消息,<a href=\"https://laohu8.com/S/BRK.A\">伯克希尔</a>·哈撒韦公布了2022年第一季度业绩。</p><p><b>营收情况</b></p><p>第一季度营收70.4亿美元,同比增长0.3%,市场预期70.2亿美元。</p><p>第一季度净利润54.6亿美元,同比下滑53%,去年同期为117.1亿美元。</p><p>第一季度EPS为3702美元。</p><p><b>持股情况</b></p><p>据提交给SEC的文件显示,截至2022年3月31日,公司总投资的公允价值约66%集中在<a href=\"https://laohu8.com/S/AXP\">美国运通</a>、<a href=\"https://laohu8.com/S/AAPL\">苹果</a>、<a href=\"https://laohu8.com/S/BAC\">美国银行</a>和雪佛龙。</p><p>截至2022年3月31日,公司持有价值426亿美元的美国银行股票。</p><p>截至2022年3月31日,公司持有价值284亿美元的美国运通股票。</p><p>截至2022年3月31日,公司持有价值1591亿美元的苹果股票。</p><p><b>截至2022年3月31日,公司持有价值259亿美元的雪佛龙股票。相当于持有约1.59亿股,这高于该集团在2021年第四季度末持有的约3800万股。</b></p><p><img src=\"https://static.tigerbbs.com/136a53ccfcbb412d75a873887c134d90\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p><b>回购与投资</b></p><p><b>第一季度斥资32亿美元用于回购公司A类股和B类股。这是自2020年同期以来的最低水平,也低于2021年第四季度的69亿美元。</b></p><p>第一季度投资和衍生品净亏损15.8亿美元,去年同期为净盈利46.9亿美元。</p><p>第一季度保险“浮动”资金约1408亿美元,较2021年底增加约10亿美元。</p><p>第一季度现金储备降至1063亿美元。</p><p><img src=\"https://static.tigerbbs.com/0a75f2f3b6634dd4d8c152c174b07cd5\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></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>伯克希尔:一季度净利同比下滑53%,大幅增持雪佛龙</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伯克希尔:一季度净利同比下滑53%,大幅增持雪佛龙\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2022-04-30 19:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>4月30日消息,<a href=\"https://laohu8.com/S/BRK.A\">伯克希尔</a>·哈撒韦公布了2022年第一季度业绩。</p><p><b>营收情况</b></p><p>第一季度营收70.4亿美元,同比增长0.3%,市场预期70.2亿美元。</p><p>第一季度净利润54.6亿美元,同比下滑53%,去年同期为117.1亿美元。</p><p>第一季度EPS为3702美元。</p><p><b>持股情况</b></p><p>据提交给SEC的文件显示,截至2022年3月31日,公司总投资的公允价值约66%集中在<a href=\"https://laohu8.com/S/AXP\">美国运通</a>、<a href=\"https://laohu8.com/S/AAPL\">苹果</a>、<a href=\"https://laohu8.com/S/BAC\">美国银行</a>和雪佛龙。</p><p>截至2022年3月31日,公司持有价值426亿美元的美国银行股票。</p><p>截至2022年3月31日,公司持有价值284亿美元的美国运通股票。</p><p>截至2022年3月31日,公司持有价值1591亿美元的苹果股票。</p><p><b>截至2022年3月31日,公司持有价值259亿美元的雪佛龙股票。相当于持有约1.59亿股,这高于该集团在2021年第四季度末持有的约3800万股。</b></p><p><img src=\"https://static.tigerbbs.com/136a53ccfcbb412d75a873887c134d90\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p><p><b>回购与投资</b></p><p><b>第一季度斥资32亿美元用于回购公司A类股和B类股。这是自2020年同期以来的最低水平,也低于2021年第四季度的69亿美元。</b></p><p>第一季度投资和衍生品净亏损15.8亿美元,去年同期为净盈利46.9亿美元。</p><p>第一季度保险“浮动”资金约1408亿美元,较2021年底增加约10亿美元。</p><p>第一季度现金储备降至1063亿美元。</p><p><img src=\"https://static.tigerbbs.com/0a75f2f3b6634dd4d8c152c174b07cd5\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/307bf4a9db7cedf56fcd2353c929b718","relate_stocks":{"BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145554634","content_text":"4月30日消息,伯克希尔·哈撒韦公布了2022年第一季度业绩。营收情况第一季度营收70.4亿美元,同比增长0.3%,市场预期70.2亿美元。第一季度净利润54.6亿美元,同比下滑53%,去年同期为117.1亿美元。第一季度EPS为3702美元。持股情况据提交给SEC的文件显示,截至2022年3月31日,公司总投资的公允价值约66%集中在美国运通、苹果、美国银行和雪佛龙。截至2022年3月31日,公司持有价值426亿美元的美国银行股票。截至2022年3月31日,公司持有价值284亿美元的美国运通股票。截至2022年3月31日,公司持有价值1591亿美元的苹果股票。截至2022年3月31日,公司持有价值259亿美元的雪佛龙股票。相当于持有约1.59亿股,这高于该集团在2021年第四季度末持有的约3800万股。回购与投资第一季度斥资32亿美元用于回购公司A类股和B类股。这是自2020年同期以来的最低水平,也低于2021年第四季度的69亿美元。第一季度投资和衍生品净亏损15.8亿美元,去年同期为净盈利46.9亿美元。第一季度保险“浮动”资金约1408亿美元,较2021年底增加约10亿美元。第一季度现金储备降至1063亿美元。","news_type":1},"isVote":1,"tweetType":1,"viewCount":304,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9069249685,"gmtCreate":1651298834484,"gmtModify":1676534887261,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"123","listText":"123","text":"123","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9069249685","repostId":"1195859414","repostType":4,"repost":{"id":"1195859414","pubTimestamp":1651287534,"share":"https://ttm.financial/m/news/1195859414?lang=&edition=fundamental","pubTime":"2022-04-30 10:58","market":"us","language":"zh","title":"奈飞“失速”群雄并起,流媒体赛道硝烟弥漫","url":"https://stock-news.laohu8.com/highlight/detail?id=1195859414","media":"中国经营报","summary":"流媒体行业并没有真正触及到天花板。","content":"<html><head></head><body><p>作者: 秦枭</p><p>奈飞近日发布了2022年第一季度财报。财报显示,奈飞全球新增付费用户数据较去年同期减少20万户,这是奈飞近10年来首次用户净增长为负数。与此同时,奈飞还给出了对2022年第二季度的预期,付费用户净增将达到-200万户。</p><p>多位业内人士对《中国经营报》记者表示,奈飞通过近几年爆款影视收获的用户正在离去,这在流媒体行业属于正常现象。但流媒体行业并没有真正触及到天花板,全球用户总量庞大,还有非欧美市场可以挖掘,只是需要大量投入和本地化运营,以及继续用更多的爆款来驱动用户订阅。</p><p>用户流失</p><p>这是奈飞付费用户数近10年来首次下滑。而在两年前,奈飞刚刚创下了增长纪录,2020年,奈飞全年净增3700万户付费用户,2021年奈飞付费用户继续增长了1800万户。</p><p>针对付费用户数首次下滑,奈飞方面解释道,宽带和智能电视的增长放缓、来自竞争对手的竞争加剧、新冠肺炎疫情持续干扰、乌克兰局势的影响、通货膨胀加剧使得用户数量下降。奈飞CFO斯宾塞·纽曼说,用户数下滑,一个非常直接的影响因素就是乌克兰局势,造成了一定数量的用户流失。</p><p>对此,资本市场迅速给出反应。奈飞股价4月20日(财报发布日)开盘即暴跌,其间跌到212美元/股,创2018年3月底以来的最低值,市值瞬间蒸发超400亿美元(约合人民币2580亿元)。在美东时间4月27日美股收盘时,奈飞报188.54美元/股,总市值838亿美元。</p><p>在此之前,由于奈飞目前暂停了在俄罗斯的服务,奈飞的流媒体服务在俄罗斯失去了70万用户,也缩减了公司在中欧和东欧地区的业务规模。</p><p>但是,不仅仅是俄罗斯等国家和地区,奈飞在拉美市场的付费净用户也在减少。财报显示,拉美市场付费净用户数量减少了40万户,在北美核心地区付费净用户也减少了60万户。</p><p>比较欣慰的是,奈飞在亚太地区的发展顺利,用户净增109万户,其中日本、印度、菲律宾和泰国等多个市场都实现理想增长。</p><p>产业时评人张书乐对记者表示,有爆款就涨粉,少爆款就掉粉,流媒体的命运大多如此。去年奈飞通过《鱿鱼游戏》收获的粉丝开始离开,这不足为奇,何况在《鱿鱼游戏》爆款之前,奈飞也出现过同样的用户流失情况。</p><p>据悉,去年9月,奈飞上线的韩剧《鱿鱼游戏》大火。据其财报披露,该剧已成为奈飞有史以来播出的最大收视规模电视剧,上线四周内全球有1.42亿用户观看,而奈飞当时的全球付费用户数为2.14亿户。</p><p>不过,价格上涨也是奈飞用户减少的原因。奈飞在今年1月曾宣布将上调北美地区的价格,随后又在3月上调了英国及爱尔兰地区的价格。在涨价后,北美地区标准版的价格达到了15.49美元/月,英国等地同等服务的价格为10.99英镑/月。</p><p>中国青年剧作家、导演向凯对记者表示,奈飞用户流失的主要原因还是其价格上涨。同时,近些年奈飞推出的内容排他性较强。尤其是中国短视频平台进军海外市场,也对流媒体平台造成冲击,多种因素叠加,导致奈飞的用户出现流失的现象。</p><p>群狼环伺</p><p>与奈飞自身的“萧瑟”不同,其追赶者们正呈现猛追的态势。</p><p>根据迪士尼的最新财报,Disney+一季度总订阅用户数达到1.298亿户,单季新增用户超过830万户,增速领跑全行业,与奈飞的流失20万用户形成鲜明对比。</p><p>值得注意的是,Disney+面市仅仅两年的时间。2019年11月,迪士尼推出流媒体服务Disney+,并整合Disney+、ESPN+和Hulu为一个套餐。现在,该套餐付费用户总数突破1.964亿户,直追奈飞的2.2亿户。</p><p>然而,奈飞的竞争对手绝不仅仅是迪士尼。亚马逊、苹果、华纳等巨头也动作频频,布局流媒体领域。</p><p>在2019年推出Apple TV+正式进军流媒体赛道的苹果公司近两年动作频频。苹果公告显示,Apple TV+的影视作品已获得240项大奖和953项提名,包括奥斯卡奖、SAG奖、BAFTA电影奖、评论家选择奖、黄金时段艾美奖等。</p><p>今年3月17日,亚马逊宣布已经完成了85亿美元收购米高梅电影公司的交易。米高梅已加入Prime Video和亚马逊工作室。这笔交易将使亚马逊的电视和电影资料库变得更加强大。米高梅是“007”系列电影的制片公司,旗下还拥有Epix有线电视频道。</p><p>仅仅过了不到一个月,4月8日,Discovery和华纳传媒的合并案正式完成,Discovery以430亿美元的价格从美国电信业巨擘AT&T手中买下华纳传媒29%股权。合并后的新公司为华纳兄弟探索(Warner Bros。 Discovery)。</p><p>据媒体报道,华纳兄弟探索的估值至少1140亿美元。该公司2023年的营收预计达到 540 亿美元。</p><p>在2019年,奈飞的全球市场占有率超过65%。但根据Parrrot Analytics的最新数据,奈飞市占份额在2021年已跌破50%,奈飞的优势正在被蚕食。</p><p>不仅仅面临传统流媒体巨头的威胁,奈飞也在面临短视频应用的挑战。</p><p>有关数据显示,一是由于TikTok、Twitch等短视频应用程序的出现,用户在流媒体平台上花费的时间减少20%,仅为在短视频应用上花费时间的三分之一。有分析称,这一趋势主要与中国市场有关。二是2021年全球手机用户在短视频应用上花费19.7亿美元,增长82%。其中TikTok在2022年第一季度成为游戏和应用程序营收冠军,全球用户消费了近8.5亿美元。</p><p>开启“烧钱”模式</p><p>有业内人士认为,如此多的巨头涌入流媒体赛道,会加速流媒体触碰到增长天花板。</p><p>张书乐认为,流媒体行业并没有真正触及到天花板,全球用户总量庞大,还有许多非欧美市场可以挖掘,只是需要大量投入和本地化运营,以及继续用更多的爆款来驱动用户订阅。</p><p>向凯也对记者表示,海外流媒体还有很大的发展空间,尤其是在欧美日韩市场,相对比较稳定,此外新兴市场也有很大的发展空间。</p><p>Allied Market Research研究数据显示,到2026年全球视频流媒体市场将接近1500亿美元,年复合增长率高达25.2%。在市场最为成熟的美国,订阅用户总数预计从2021年的3.54亿户增至2027年的4.58亿户,到2027年,86%的电视家庭将订阅至少一个流媒体平台,未来五年,每个家庭将平均订阅4.37个流媒体服务。为此,流媒体的头部企业也加大了投资。</p><p>据摩根士丹利(Morgan Stanley)预计,2022年迪士尼对流媒体内容的投资可能同比增长35%至40%。迪士尼在所有新电影和电视节目上的支出预计将达到230亿美元。如果将体育转播权计算在内,这一数字将升至330亿美元,较2021年的整体内容开支增长32%,较2020年增长65%。而奈飞在内容上的支出将超过170亿美元,较2021年增长25%,较2020年的108亿美元增长57%。</p><p>不过,张书乐表示,流媒体不再只是大投入、大制作或满足于爆款,而是开始更多地尝试周边衍生链条,如探索影游联动、互动影视或互动真人游戏等。流媒体行业未来有许多可探索的内容,特别是IP转化为周边衍生,通过爆款影视来驱动相关游戏、玩具、主题公园等周边衍生产业去吸金,才是流媒体真正的大未来。</p></body></html>","source":"lsy1571439018386","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>奈飞“失速”群雄并起,流媒体赛道硝烟弥漫</title>\n<style 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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奈飞“失速”群雄并起,流媒体赛道硝烟弥漫\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-04-30 10:58 北京时间 <a href=http://www.cb.com.cn/index/show/bzyc/cv/cv135152821642><strong>中国经营报</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>作者: 秦枭奈飞近日发布了2022年第一季度财报。财报显示,奈飞全球新增付费用户数据较去年同期减少20万户,这是奈飞近10年来首次用户净增长为负数。与此同时,奈飞还给出了对2022年第二季度的预期,付费用户净增将达到-200万户。多位业内人士对《中国经营报》记者表示,奈飞通过近几年爆款影视收获的用户正在离去,这在流媒体行业属于正常现象。但流媒体行业并没有真正触及到天花板,全球用户总量庞大,还有非...</p>\n\n<a href=\"http://www.cb.com.cn/index/show/bzyc/cv/cv135152821642\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e2504f923ed712669cfb6da28ee56fea","relate_stocks":{"NFLX":"奈飞"},"source_url":"http://www.cb.com.cn/index/show/bzyc/cv/cv135152821642","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195859414","content_text":"作者: 秦枭奈飞近日发布了2022年第一季度财报。财报显示,奈飞全球新增付费用户数据较去年同期减少20万户,这是奈飞近10年来首次用户净增长为负数。与此同时,奈飞还给出了对2022年第二季度的预期,付费用户净增将达到-200万户。多位业内人士对《中国经营报》记者表示,奈飞通过近几年爆款影视收获的用户正在离去,这在流媒体行业属于正常现象。但流媒体行业并没有真正触及到天花板,全球用户总量庞大,还有非欧美市场可以挖掘,只是需要大量投入和本地化运营,以及继续用更多的爆款来驱动用户订阅。用户流失这是奈飞付费用户数近10年来首次下滑。而在两年前,奈飞刚刚创下了增长纪录,2020年,奈飞全年净增3700万户付费用户,2021年奈飞付费用户继续增长了1800万户。针对付费用户数首次下滑,奈飞方面解释道,宽带和智能电视的增长放缓、来自竞争对手的竞争加剧、新冠肺炎疫情持续干扰、乌克兰局势的影响、通货膨胀加剧使得用户数量下降。奈飞CFO斯宾塞·纽曼说,用户数下滑,一个非常直接的影响因素就是乌克兰局势,造成了一定数量的用户流失。对此,资本市场迅速给出反应。奈飞股价4月20日(财报发布日)开盘即暴跌,其间跌到212美元/股,创2018年3月底以来的最低值,市值瞬间蒸发超400亿美元(约合人民币2580亿元)。在美东时间4月27日美股收盘时,奈飞报188.54美元/股,总市值838亿美元。在此之前,由于奈飞目前暂停了在俄罗斯的服务,奈飞的流媒体服务在俄罗斯失去了70万用户,也缩减了公司在中欧和东欧地区的业务规模。但是,不仅仅是俄罗斯等国家和地区,奈飞在拉美市场的付费净用户也在减少。财报显示,拉美市场付费净用户数量减少了40万户,在北美核心地区付费净用户也减少了60万户。比较欣慰的是,奈飞在亚太地区的发展顺利,用户净增109万户,其中日本、印度、菲律宾和泰国等多个市场都实现理想增长。产业时评人张书乐对记者表示,有爆款就涨粉,少爆款就掉粉,流媒体的命运大多如此。去年奈飞通过《鱿鱼游戏》收获的粉丝开始离开,这不足为奇,何况在《鱿鱼游戏》爆款之前,奈飞也出现过同样的用户流失情况。据悉,去年9月,奈飞上线的韩剧《鱿鱼游戏》大火。据其财报披露,该剧已成为奈飞有史以来播出的最大收视规模电视剧,上线四周内全球有1.42亿用户观看,而奈飞当时的全球付费用户数为2.14亿户。不过,价格上涨也是奈飞用户减少的原因。奈飞在今年1月曾宣布将上调北美地区的价格,随后又在3月上调了英国及爱尔兰地区的价格。在涨价后,北美地区标准版的价格达到了15.49美元/月,英国等地同等服务的价格为10.99英镑/月。中国青年剧作家、导演向凯对记者表示,奈飞用户流失的主要原因还是其价格上涨。同时,近些年奈飞推出的内容排他性较强。尤其是中国短视频平台进军海外市场,也对流媒体平台造成冲击,多种因素叠加,导致奈飞的用户出现流失的现象。群狼环伺与奈飞自身的“萧瑟”不同,其追赶者们正呈现猛追的态势。根据迪士尼的最新财报,Disney+一季度总订阅用户数达到1.298亿户,单季新增用户超过830万户,增速领跑全行业,与奈飞的流失20万用户形成鲜明对比。值得注意的是,Disney+面市仅仅两年的时间。2019年11月,迪士尼推出流媒体服务Disney+,并整合Disney+、ESPN+和Hulu为一个套餐。现在,该套餐付费用户总数突破1.964亿户,直追奈飞的2.2亿户。然而,奈飞的竞争对手绝不仅仅是迪士尼。亚马逊、苹果、华纳等巨头也动作频频,布局流媒体领域。在2019年推出Apple TV+正式进军流媒体赛道的苹果公司近两年动作频频。苹果公告显示,Apple TV+的影视作品已获得240项大奖和953项提名,包括奥斯卡奖、SAG奖、BAFTA电影奖、评论家选择奖、黄金时段艾美奖等。今年3月17日,亚马逊宣布已经完成了85亿美元收购米高梅电影公司的交易。米高梅已加入Prime Video和亚马逊工作室。这笔交易将使亚马逊的电视和电影资料库变得更加强大。米高梅是“007”系列电影的制片公司,旗下还拥有Epix有线电视频道。仅仅过了不到一个月,4月8日,Discovery和华纳传媒的合并案正式完成,Discovery以430亿美元的价格从美国电信业巨擘AT&T手中买下华纳传媒29%股权。合并后的新公司为华纳兄弟探索(Warner Bros。 Discovery)。据媒体报道,华纳兄弟探索的估值至少1140亿美元。该公司2023年的营收预计达到 540 亿美元。在2019年,奈飞的全球市场占有率超过65%。但根据Parrrot Analytics的最新数据,奈飞市占份额在2021年已跌破50%,奈飞的优势正在被蚕食。不仅仅面临传统流媒体巨头的威胁,奈飞也在面临短视频应用的挑战。有关数据显示,一是由于TikTok、Twitch等短视频应用程序的出现,用户在流媒体平台上花费的时间减少20%,仅为在短视频应用上花费时间的三分之一。有分析称,这一趋势主要与中国市场有关。二是2021年全球手机用户在短视频应用上花费19.7亿美元,增长82%。其中TikTok在2022年第一季度成为游戏和应用程序营收冠军,全球用户消费了近8.5亿美元。开启“烧钱”模式有业内人士认为,如此多的巨头涌入流媒体赛道,会加速流媒体触碰到增长天花板。张书乐认为,流媒体行业并没有真正触及到天花板,全球用户总量庞大,还有许多非欧美市场可以挖掘,只是需要大量投入和本地化运营,以及继续用更多的爆款来驱动用户订阅。向凯也对记者表示,海外流媒体还有很大的发展空间,尤其是在欧美日韩市场,相对比较稳定,此外新兴市场也有很大的发展空间。Allied Market Research研究数据显示,到2026年全球视频流媒体市场将接近1500亿美元,年复合增长率高达25.2%。在市场最为成熟的美国,订阅用户总数预计从2021年的3.54亿户增至2027年的4.58亿户,到2027年,86%的电视家庭将订阅至少一个流媒体平台,未来五年,每个家庭将平均订阅4.37个流媒体服务。为此,流媒体的头部企业也加大了投资。据摩根士丹利(Morgan Stanley)预计,2022年迪士尼对流媒体内容的投资可能同比增长35%至40%。迪士尼在所有新电影和电视节目上的支出预计将达到230亿美元。如果将体育转播权计算在内,这一数字将升至330亿美元,较2021年的整体内容开支增长32%,较2020年增长65%。而奈飞在内容上的支出将超过170亿美元,较2021年增长25%,较2020年的108亿美元增长57%。不过,张书乐表示,流媒体不再只是大投入、大制作或满足于爆款,而是开始更多地尝试周边衍生链条,如探索影游联动、互动影视或互动真人游戏等。流媒体行业未来有许多可探索的内容,特别是IP转化为周边衍生,通过爆款影视来驱动相关游戏、玩具、主题公园等周边衍生产业去吸金,才是流媒体真正的大未来。","news_type":1},"isVote":1,"tweetType":1,"viewCount":81,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":102717168,"gmtCreate":1620253774654,"gmtModify":1704340701858,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"History will repeat, the Q is when...","listText":"History will repeat, the Q is when...","text":"History will repeat, the Q is when...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/102717168","repostId":"1148686352","repostType":4,"repost":{"id":"1148686352","pubTimestamp":1620224535,"share":"https://ttm.financial/m/news/1148686352?lang=&edition=fundamental","pubTime":"2021-05-05 22:22","market":"us","language":"en","title":"This Day In Market History: Panic Of 1893 Crashes Stock Market","url":"https://stock-news.laohu8.com/highlight/detail?id=1148686352","media":"benzinga","summary":"What Happened?On this day in 1893, U.S. stocks suffered their worst intraday loss in history at the ","content":"<p><b>What Happened?</b>On this day in 1893, U.S. stocks suffered their worst intraday loss in history at the time.</p>\n<p><b>Where The Market Was:</b>The Dow finished the day at 30.02.</p>\n<p><b>What Else Was Going On In The World?</b>In 1893, Thomas Edison completed the world’s first movie studio in West Orange, New Jersey. Lizzie Borden was acquitted of the ax murders of her father and stepmother. A fresh, one-pound beef steak cost 10 cents.</p>\n<p><b>Panic Of 1893:</b>On May 5, 1893, the Dow Jones Index dropped more than 24% from 39.90 to 30.02. It would mark the worst intraday sell-off in U.S. history at the time, a record that would stand until 1929.</p>\n<p>The Panic of 1893 was triggered in part by falling gold reserves in the U.S. Treasury. At the time, the U.S. was on the gold standard, meaning U.S. dollars could be redeemed for physical gold. When Treasury gold reserves dropped from $190 million in 1890 to $100 million by 1893, Americans grew concerned that the Treasury might run out of gold and began withdrawing bank notes and converting them to gold, placing extreme strain on the U.S. banking industry and credit markets.</p>\n<p>The May 5 sell-off was triggered in part by the bankruptcy of Nation Cordage the day before.<b>General Electric Company</b>GE 0.34%shares dropped 28% on the day from $80 to $58.</p>\n<p>Fortunately for investors, the Panic of 1893 didn’t last for long. By the end of the day, the market nearly completely recovered its losses. GE, for example, closed the session at $78.50.</p>\n<p>The Panic of 1893 would ravage the U.S. economy, triggering a severe four-year depression. Roughly 14,000 U.S. businesses closed, and unemployment rose to 20%. The event would mark the worst economic downturn in U.S. history until the Great Depression began in 1929.</p>","source":"lsy1606299360108","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This Day In Market History: Panic Of 1893 Crashes Stock Market</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nThis Day In Market History: Panic Of 1893 Crashes Stock Market\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-05 22:22 GMT+8 <a href=https://www.benzinga.com/general/education/21/05/20964728/this-day-in-market-history-panic-of-1893-crashes-stock-market><strong>benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What Happened?On this day in 1893, U.S. stocks suffered their worst intraday loss in history at the time.\nWhere The Market Was:The Dow finished the day at 30.02.\nWhat Else Was Going On In The World?In...</p>\n\n<a href=\"https://www.benzinga.com/general/education/21/05/20964728/this-day-in-market-history-panic-of-1893-crashes-stock-market\">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.benzinga.com/general/education/21/05/20964728/this-day-in-market-history-panic-of-1893-crashes-stock-market","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148686352","content_text":"What Happened?On this day in 1893, U.S. stocks suffered their worst intraday loss in history at the time.\nWhere The Market Was:The Dow finished the day at 30.02.\nWhat Else Was Going On In The World?In 1893, Thomas Edison completed the world’s first movie studio in West Orange, New Jersey. Lizzie Borden was acquitted of the ax murders of her father and stepmother. A fresh, one-pound beef steak cost 10 cents.\nPanic Of 1893:On May 5, 1893, the Dow Jones Index dropped more than 24% from 39.90 to 30.02. It would mark the worst intraday sell-off in U.S. history at the time, a record that would stand until 1929.\nThe Panic of 1893 was triggered in part by falling gold reserves in the U.S. Treasury. At the time, the U.S. was on the gold standard, meaning U.S. dollars could be redeemed for physical gold. When Treasury gold reserves dropped from $190 million in 1890 to $100 million by 1893, Americans grew concerned that the Treasury might run out of gold and began withdrawing bank notes and converting them to gold, placing extreme strain on the U.S. banking industry and credit markets.\nThe May 5 sell-off was triggered in part by the bankruptcy of Nation Cordage the day before.General Electric CompanyGE 0.34%shares dropped 28% on the day from $80 to $58.\nFortunately for investors, the Panic of 1893 didn’t last for long. By the end of the day, the market nearly completely recovered its losses. GE, for example, closed the session at $78.50.\nThe Panic of 1893 would ravage the U.S. economy, triggering a severe four-year depression. Roughly 14,000 U.S. businesses closed, and unemployment rose to 20%. The event would mark the worst economic downturn in U.S. history until the Great Depression began in 1929.","news_type":1},"isVote":1,"tweetType":1,"viewCount":216,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":171757291,"gmtCreate":1626768146713,"gmtModify":1703764809359,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"Be prepared","listText":"Be prepared","text":"Be prepared","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/171757291","repostId":"1168215370","repostType":4,"isVote":1,"tweetType":1,"viewCount":291,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"content":"big ? not enough","text":"big ? not enough","html":"big ? not enough"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":116479969,"gmtCreate":1622817159751,"gmtModify":1704191836860,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"Hope they have a new product to extend the glory?","listText":"Hope they have a new product to extend the glory?","text":"Hope they have a new product to extend the glory?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/116479969","repostId":"1122373606","repostType":4,"repost":{"id":"1122373606","pubTimestamp":1622793373,"share":"https://ttm.financial/m/news/1122373606?lang=&edition=fundamental","pubTime":"2021-06-04 15:56","market":"us","language":"en","title":"Where Will Apple Stock Be In 10 Years? What To Consider","url":"https://stock-news.laohu8.com/highlight/detail?id=1122373606","media":"seekingalpha","summary":"Summary\n\nApple has been a great investment over the last decade, but the next decade may look quite ","content":"<p><b>Summary</b></p>\n<ul>\n <li>Apple has been a great investment over the last decade, but the next decade may look quite different.</li>\n <li>Apple has seen its growth slow down over the last decade, and it will likely not be a growth monster in the coming years, either.</li>\n <li>Shares have ample long-term upside, but investors should consider the current valuation before jumping to decisions.</li>\n</ul>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/9f2ea192ed76d9772c2c6a820098faf5\" tg-width=\"1536\" tg-height=\"1024\" referrerpolicy=\"no-referrer\"><span>Photo by Paopano/iStock Editorial via Getty Images</span></p>\n<p><b>Article Thesis</b></p>\n<p>Apple (AAPL) has been one of the best investments one could have made over the last decade. Over the next decade, its growth may not be the same, however. Yet, thanks to massive shareholder return programs and a move towards services, Apple's stock will likely still be significantly higher a decade from now - even though the current valuation is rather high.</p>\n<p><b>Apple Stock Price</b></p>\n<p>Over the last decade, Apple Inc. has been a great investment:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5d29aa34bdbc5bab7d0730a4095954e6\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p>\n<p>Shares have returned 900% in those ten years, before dividends, for a compounded annual return of approximately 26%, easily trouncing the returns of the broad market during that time frame. Importantly, shares have risen a lot more than the company's market capitalization, which grew by only 550% over the last decade. The difference can be explained by the company's large share repurchase programs, which have lowered the share count drastically over the last decade. The last decade, of course, was a highly successful period for Apple on a business basis, as the company benefited from the rise of smartphones while also having success with new products such as its Watch and tablets, which Apple more or less introduced as a new product category. Right now, shares trade for $125, up 57% over the last twelve months, but down 6% in 2021 to date. Following strong gains during 2020, shares seem to be in a consolidation pattern for now, which is not too much of a surprise, as Apple's valuation had expanded a lot in the recent past, and it seems that the company's business growth has to catch up to the recent share price increases now. The current consensus price target is $156, which implies an upside potential of 25%. Since there are no signs of shares leaving their current trading range right now, I personally do not think that Apple will breach $150 in the near term.</p>\n<p><b>Where Will Apple Stock Be In 10 Years</b></p>\n<p>Apple's stock price in 2031 is, of course, nothing that can be forecasted with any precision. As history has shown, again and again, it is not even possible to forecast share prices precisely over a much shorter period of time. It is, however, possible to craft scenarios to see where share prices could be in the future under certain conditions, to get a feel for what might be a reasonable expectation for the future.</p>\n<p>To craft one such scenario, we have to consider Apple's business growth, Apple's shareholder return program, and the valuation multiple that shares might trade at in the future.</p>\n<p><b>Apple's business growth</b></p>\n<p>Apple Inc. has seen years of stronger growth and years of weaker growth in the past. This mostly can be explained by factors such as new product introductions, e.g. Watch or iPad, and by the strength of the respective current iPhone models, which see varying demand depending on the year. Other factors, such as economic growth or trade issues, play a role as well.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a5b8bd8ef6cdaa13850c1380e870554c\" tg-width=\"635\" tg-height=\"419\"><span>Data by YCharts</span></p>\n<p>Overall, revenues have grown by 154% over the last decade, but as we see in the above chart, revenue growth has been relatively uneven. During the early 2010s, Apple generated massive growth on the back of the iPhones \"road to victory\", whereas revenue growth declined to a much slower pace in the following years. There were even some years during which revenues declined on a year-over-year basis, such as 2016. The average annual revenue growth pace was 10% over the last decade, but when we factor in that this was lifted up by the very strong growth in 2011 and 2012, it may not be too reasonable to assume that Apple will grow by 10% a year in the future, too. Investors should also consider that maintaining a high growth rate becomes ever more difficult the larger a company gets. This does, however, not mean that Apple's revenue growth will slow down to zero.</p>\n<p>On the back of price increases for its products and the potential for market share gains in high-growth countries such as China, where more and more people will be able to buy Apple's higher-priced products, it seems reasonable to assume that Apple will generate at least some growth from its core businesses. Add in growth in the services segment - people use their phones more and more, which should lead to higher app spending - and consider the potential for new product launches (although I assume none will be as massive as the iPhone), and Apple should be able to grow its business at a solid pace. I personally assume that a 5%-7% revenue growth rate could be a realistic estimate for the coming years, although some readers will of course have different opinions.</p>\n<p><b>Apple's shareholder returns</b></p>\n<p>Apple has lowered its share count massively in the past, as shown above, and it is, I believe, reasonable to assume that the same will happen going forward. Over the last decade, Apple bought back 36% of its shares. If the same were to happen over the next decade, each remaining share's portion of the company's value would rise by 56%, or 4.6% annualized. Due to the fact that Apple's current valuation is significantly higher than its historic valuation, buybacks could be less impactful in the future, though. Apple has, for example, only reduced its share count by 2.6% over the last year.</p>\n<p>This is why I believe that the share count will not decline by another 36% over the coming decade. When we adjust that downward to 25%, this would result in a ~3% annual tailwind for Apple's growth when we look at per-share metrics, which are the deciding factor for Apple's share price growth. Combined with my 5%-7% business growth estimate, I thus assume that Apple will grow by 8%-10% on a per-share basis in the long term.</p>\n<p><b>Apple's future valuation</b></p>\n<p>AAPL has been valued in a very wide range in the past, seeing its shares trade for very low multiples at some points, whereas investors were willing to pay significantly more at other times:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/be5cb8bbc04ff0e0a13ee64f6f2bd90a\" tg-width=\"635\" tg-height=\"470\"><span>Data by YCharts</span></p>\n<p>Shares could, five years ago, be bought for a very low 10x net earnings, which naturally was a great time to enter or expand positions. In late 2020, however, shares were trading for as much as 40x the company's net earnings, which seems like a quite high valuation. Right now, AAPL trades at 28x trailing earnings, and at around 24x forward profits. In the above chart, we also see the median earnings multiples over the last 3, 5, 7, and 10 years. It is pretty clear that Apple's valuation has expanded over the years, which is why the median values are higher for the shorter \"lookback\" periods. I do not believe that AAPL will trade at the 15.5x net earnings that it has traded at, on average, over the last decade, as this seems like a rather low valuation for a quality company like Apple with a strong brand, massive scale, great margins, and a fortress balance sheet. On the other hand, I also don't believe that Apple will trade at a 24-28x earnings multiple forever - for a company that generates solid but unspectacular business growth in the mid-single-digits, that seems quite expensive. This is especially true when we consider that interest rates will likely be higher a decade from now, which should pressure valuations for all equities, all else equal. I thus believe that a valuation of around 20x net earnings could be a reasonable estimate for 2031, which would be more or less in line with the 3-year median earnings multiple.</p>\n<p><b>Is AAPL A Buy Or Sell Now</b></p>\n<p>Starting our calculation with an EPS estimate of $5.15 for 2021 and assuming that this will grow by 7%-10% a year through 2031, we reach an EPS range of $10.10 to $13.40. Putting a 20x earnings multiple on that leads to a target price of around $200-$270/share. At the midpoint of around $235, shares would thus see gains of around 90% from the current level, or around 6.5% annualized. That surely is not a bad return, and when we add in the dividend, we would get to an annualized return of roughly 7%. This is, on the other hand, also not an outrageously great return, I believe.</p>\n<p>AAPL has, I believe, significant upside potential over the next decade, but that should not be a large surprise - many companies will see significant growth over a time span this long. I personally am not too excited about a 7% expected long-term return. When we consider that shares do have considerable downside risk in the next 1-3 years if Apple's valuation declines, e.g. due to rising interest rates, it may be a better choice to stay on the sidelines for now. Long-term investors will likely not do badly when they buy shares at current levels, but they will likely also not do great. For now, I'd rate Apple a hold, and a potential buy if its valuation comes closer to the longer-term average. Those that are more optimistic about new product launches may disagree and favor buying here, but it could turn out that waiting for a better opportunity is the best choice here.</p>\n<p>Summing it up, I'd say shares do have significant upside potential over the next decade, but the upside potential is not large enough to make me buy shares at current, elevated, valuations.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Where Will Apple Stock Be In 10 Years? What To Consider</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\">\nWhere Will Apple Stock Be In 10 Years? What To Consider\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-04 15:56 GMT+8 <a href=https://seekingalpha.com/article/4432703-apple-stock-in-10-years><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nApple has been a great investment over the last decade, but the next decade may look quite different.\nApple has seen its growth slow down over the last decade, and it will likely not be a ...</p>\n\n<a href=\"https://seekingalpha.com/article/4432703-apple-stock-in-10-years\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://seekingalpha.com/article/4432703-apple-stock-in-10-years","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122373606","content_text":"Summary\n\nApple has been a great investment over the last decade, but the next decade may look quite different.\nApple has seen its growth slow down over the last decade, and it will likely not be a growth monster in the coming years, either.\nShares have ample long-term upside, but investors should consider the current valuation before jumping to decisions.\n\nPhoto by Paopano/iStock Editorial via Getty Images\nArticle Thesis\nApple (AAPL) has been one of the best investments one could have made over the last decade. Over the next decade, its growth may not be the same, however. Yet, thanks to massive shareholder return programs and a move towards services, Apple's stock will likely still be significantly higher a decade from now - even though the current valuation is rather high.\nApple Stock Price\nOver the last decade, Apple Inc. has been a great investment:\nData by YCharts\nShares have returned 900% in those ten years, before dividends, for a compounded annual return of approximately 26%, easily trouncing the returns of the broad market during that time frame. Importantly, shares have risen a lot more than the company's market capitalization, which grew by only 550% over the last decade. The difference can be explained by the company's large share repurchase programs, which have lowered the share count drastically over the last decade. The last decade, of course, was a highly successful period for Apple on a business basis, as the company benefited from the rise of smartphones while also having success with new products such as its Watch and tablets, which Apple more or less introduced as a new product category. Right now, shares trade for $125, up 57% over the last twelve months, but down 6% in 2021 to date. Following strong gains during 2020, shares seem to be in a consolidation pattern for now, which is not too much of a surprise, as Apple's valuation had expanded a lot in the recent past, and it seems that the company's business growth has to catch up to the recent share price increases now. The current consensus price target is $156, which implies an upside potential of 25%. Since there are no signs of shares leaving their current trading range right now, I personally do not think that Apple will breach $150 in the near term.\nWhere Will Apple Stock Be In 10 Years\nApple's stock price in 2031 is, of course, nothing that can be forecasted with any precision. As history has shown, again and again, it is not even possible to forecast share prices precisely over a much shorter period of time. It is, however, possible to craft scenarios to see where share prices could be in the future under certain conditions, to get a feel for what might be a reasonable expectation for the future.\nTo craft one such scenario, we have to consider Apple's business growth, Apple's shareholder return program, and the valuation multiple that shares might trade at in the future.\nApple's business growth\nApple Inc. has seen years of stronger growth and years of weaker growth in the past. This mostly can be explained by factors such as new product introductions, e.g. Watch or iPad, and by the strength of the respective current iPhone models, which see varying demand depending on the year. Other factors, such as economic growth or trade issues, play a role as well.\nData by YCharts\nOverall, revenues have grown by 154% over the last decade, but as we see in the above chart, revenue growth has been relatively uneven. During the early 2010s, Apple generated massive growth on the back of the iPhones \"road to victory\", whereas revenue growth declined to a much slower pace in the following years. There were even some years during which revenues declined on a year-over-year basis, such as 2016. The average annual revenue growth pace was 10% over the last decade, but when we factor in that this was lifted up by the very strong growth in 2011 and 2012, it may not be too reasonable to assume that Apple will grow by 10% a year in the future, too. Investors should also consider that maintaining a high growth rate becomes ever more difficult the larger a company gets. This does, however, not mean that Apple's revenue growth will slow down to zero.\nOn the back of price increases for its products and the potential for market share gains in high-growth countries such as China, where more and more people will be able to buy Apple's higher-priced products, it seems reasonable to assume that Apple will generate at least some growth from its core businesses. Add in growth in the services segment - people use their phones more and more, which should lead to higher app spending - and consider the potential for new product launches (although I assume none will be as massive as the iPhone), and Apple should be able to grow its business at a solid pace. I personally assume that a 5%-7% revenue growth rate could be a realistic estimate for the coming years, although some readers will of course have different opinions.\nApple's shareholder returns\nApple has lowered its share count massively in the past, as shown above, and it is, I believe, reasonable to assume that the same will happen going forward. Over the last decade, Apple bought back 36% of its shares. If the same were to happen over the next decade, each remaining share's portion of the company's value would rise by 56%, or 4.6% annualized. Due to the fact that Apple's current valuation is significantly higher than its historic valuation, buybacks could be less impactful in the future, though. Apple has, for example, only reduced its share count by 2.6% over the last year.\nThis is why I believe that the share count will not decline by another 36% over the coming decade. When we adjust that downward to 25%, this would result in a ~3% annual tailwind for Apple's growth when we look at per-share metrics, which are the deciding factor for Apple's share price growth. Combined with my 5%-7% business growth estimate, I thus assume that Apple will grow by 8%-10% on a per-share basis in the long term.\nApple's future valuation\nAAPL has been valued in a very wide range in the past, seeing its shares trade for very low multiples at some points, whereas investors were willing to pay significantly more at other times:\nData by YCharts\nShares could, five years ago, be bought for a very low 10x net earnings, which naturally was a great time to enter or expand positions. In late 2020, however, shares were trading for as much as 40x the company's net earnings, which seems like a quite high valuation. Right now, AAPL trades at 28x trailing earnings, and at around 24x forward profits. In the above chart, we also see the median earnings multiples over the last 3, 5, 7, and 10 years. It is pretty clear that Apple's valuation has expanded over the years, which is why the median values are higher for the shorter \"lookback\" periods. I do not believe that AAPL will trade at the 15.5x net earnings that it has traded at, on average, over the last decade, as this seems like a rather low valuation for a quality company like Apple with a strong brand, massive scale, great margins, and a fortress balance sheet. On the other hand, I also don't believe that Apple will trade at a 24-28x earnings multiple forever - for a company that generates solid but unspectacular business growth in the mid-single-digits, that seems quite expensive. This is especially true when we consider that interest rates will likely be higher a decade from now, which should pressure valuations for all equities, all else equal. I thus believe that a valuation of around 20x net earnings could be a reasonable estimate for 2031, which would be more or less in line with the 3-year median earnings multiple.\nIs AAPL A Buy Or Sell Now\nStarting our calculation with an EPS estimate of $5.15 for 2021 and assuming that this will grow by 7%-10% a year through 2031, we reach an EPS range of $10.10 to $13.40. Putting a 20x earnings multiple on that leads to a target price of around $200-$270/share. At the midpoint of around $235, shares would thus see gains of around 90% from the current level, or around 6.5% annualized. That surely is not a bad return, and when we add in the dividend, we would get to an annualized return of roughly 7%. This is, on the other hand, also not an outrageously great return, I believe.\nAAPL has, I believe, significant upside potential over the next decade, but that should not be a large surprise - many companies will see significant growth over a time span this long. I personally am not too excited about a 7% expected long-term return. When we consider that shares do have considerable downside risk in the next 1-3 years if Apple's valuation declines, e.g. due to rising interest rates, it may be a better choice to stay on the sidelines for now. Long-term investors will likely not do badly when they buy shares at current levels, but they will likely also not do great. For now, I'd rate Apple a hold, and a potential buy if its valuation comes closer to the longer-term average. Those that are more optimistic about new product launches may disagree and favor buying here, but it could turn out that waiting for a better opportunity is the best choice here.\nSumming it up, I'd say shares do have significant upside potential over the next decade, but the upside potential is not large enough to make me buy shares at current, elevated, valuations.","news_type":1},"isVote":1,"tweetType":1,"viewCount":48,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":110511495,"gmtCreate":1622468095917,"gmtModify":1704184834821,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"Emm...neither?","listText":"Emm...neither?","text":"Emm...neither?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/110511495","repostId":"2139043042","repostType":4,"repost":{"id":"2139043042","pubTimestamp":1622465643,"share":"https://ttm.financial/m/news/2139043042?lang=&edition=fundamental","pubTime":"2021-05-31 20:54","market":"us","language":"en","title":"Better Buy: Coinbase Stock or Every Nasdaq Stock?","url":"https://stock-news.laohu8.com/highlight/detail?id=2139043042","media":"Motley Fool","summary":"A pure-play crypto stock or the entire tech index? Read more to find out.","content":"<p>In what seems like the early innings of a crypto revolution, many people wonder what's the best way to get exposure to the segment. Buying <b>Bitcoin</b> (CRYPTO:BTC) directly may seem like a hassle to some amid the various decisions -- how to buy it, where to buy it, and how to store it. Buying a proxy company -- a company that's essentially in the business of Bitcoin -- is often seen as a reasonable solution.</p>\n<p>Enter <b>Coinbase</b> (NASDAQ:COIN). The company went public only a few months ago, initially jumping to over $400 a share before plunging down to around $250 where it currently trades. It's worth considering whether Coinbase is a long-term buy and hold or if you're better off simply buying the Nasdaq stock market index as a whole. For simplicity, we'll use the <b>Nasdaq 100 ETF</b> (NASDAQ:QQQ) for comparison in hopes of finding the better buy.</p>\n<h2>A brief look at Coinbase</h2>\n<p>Coinbase occupies a unique position within the cryptocurrency ecosystem: It's a centralized exchange for Bitcoin transactions. While continued adoption of Bitcoin and other cryptos will undoubtedly help drive revenue, Coinbase will make money as long as people are trading -- which tends to happen more when Bitcoin surges. This method of extracting value from the crypto economy makes sense when you consider the stability of its revenue stream, especially if you're bullish on Bitcoin.</p>\n<p>Coinbase is attractive if you want exposure to cryptocurrency without having to buy it directly -- it's seen as a \"proxy bet\" on cryptocurrency. Further, there are still big questions about wallet and password security, and many investors feel more comfortable buying a listed stock than they do buying digital currency.</p>\n<p>But as with any single stock purchase, you'll be exposed to <i>idiosyncratic risk</i>, or company-specific risk. Anything adverse that could happen to Coinbase is your risk to bear -- lawsuits, accounting scandals, currency failures, you name it. Unsystematic risk is something you should definitely consider before buying any individual stock, but particularly <a href=\"https://laohu8.com/S/AONE\">one</a> with a highly speculative future dependent on emerging technology.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/ce2922a67b338bce7cca59360c150ff5\" tg-width=\"700\" tg-height=\"399\"><span>Image Source: Getty Images.</span></p>\n<h2>The Nasdaq as a whole</h2>\n<p>The Nasdaq exchange has a high concentration of technology stocks and includes Coinbase as <a href=\"https://laohu8.com/S/AONE.U\">one</a> of the 2,500 stocks in its cap-weighted population. The clear benefit to investing in a Nasdaq-mimicking exchange-traded fund (ETF), like the <b>Invesco QQQ Trust</b>, for example, is that you're investing with far less risk. If something unfortunate happens to one of the portfolio constituents, you're insulated by virtue of holding many other great companies at the same time.</p>\n<p>Let's look at what you get when you invest in the Nasdaq index:</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/46466f58cfab8acefc0fbfc8a4742b43\" tg-width=\"1153\" tg-height=\"408\"><span>Note: Data current as of May 27, 2021.</span></p>\n<p>While you'll note that the five-year performance numbers of top Nasdaq stocks have been pretty stellar, we aren't interested in past performance when deciding to buy -- we're interested in the potential for <i>consistent future</i> <i>performance</i>. The good news is that many of the same competitive advantages that got these companies to where they are still exist today. By buying the index as a whole, you'll have access to all of the top dogs.</p>\n<h2>The verdict</h2>\n<p>Any time you pit a single stock against an index, almost anyone can make the case that the single stock has greater upside potential because you probably won't see an index double or triple in a single year. Coinbase may very well double its value by 2022, minting new crypto-millionaires.</p>\n<p>But what if that doesn't happen? You need to consider the downside risk present when investing in an innovative technology (like cryptocurrency) that already has significant earnings growth priced in. Given the quality of the companies leading the Nasdaq, it's a more prudent bet to go for the basket of tried-and-true winners as opposed to a potentially volatile wild card.</p>\n<p>With all of that said, a small allocation to Coinbase can make sense if you have interest in the crypto space but don't feel the need or desire to own digital currency directly. For a long-term investor who's serious about keeping their retirement savings, however, the more diversified nature of the Nasdaq index makes it a better buy.</p>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Better Buy: Coinbase Stock or Every Nasdaq Stock?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBetter Buy: Coinbase Stock or Every Nasdaq Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-31 20:54 GMT+8 <a href=https://www.fool.com/investing/2021/05/31/better-buy-coinbase-stock-or-every-nasdaq-stock/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In what seems like the early innings of a crypto revolution, many people wonder what's the best way to get exposure to the segment. Buying Bitcoin (CRYPTO:BTC) directly may seem like a hassle to some ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/05/31/better-buy-coinbase-stock-or-every-nasdaq-stock/\">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","SQQQ":"纳指三倍做空ETF","QQQ":"纳指100ETF","TQQQ":"纳指三倍做多ETF","QID":"纳指两倍做空ETF","NDAQ":"纳斯达克OMX交易所","PSQ":"纳指反向ETF","QLD":"纳指两倍做多ETF"},"source_url":"https://www.fool.com/investing/2021/05/31/better-buy-coinbase-stock-or-every-nasdaq-stock/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2139043042","content_text":"In what seems like the early innings of a crypto revolution, many people wonder what's the best way to get exposure to the segment. Buying Bitcoin (CRYPTO:BTC) directly may seem like a hassle to some amid the various decisions -- how to buy it, where to buy it, and how to store it. Buying a proxy company -- a company that's essentially in the business of Bitcoin -- is often seen as a reasonable solution.\nEnter Coinbase (NASDAQ:COIN). The company went public only a few months ago, initially jumping to over $400 a share before plunging down to around $250 where it currently trades. It's worth considering whether Coinbase is a long-term buy and hold or if you're better off simply buying the Nasdaq stock market index as a whole. For simplicity, we'll use the Nasdaq 100 ETF (NASDAQ:QQQ) for comparison in hopes of finding the better buy.\nA brief look at Coinbase\nCoinbase occupies a unique position within the cryptocurrency ecosystem: It's a centralized exchange for Bitcoin transactions. While continued adoption of Bitcoin and other cryptos will undoubtedly help drive revenue, Coinbase will make money as long as people are trading -- which tends to happen more when Bitcoin surges. This method of extracting value from the crypto economy makes sense when you consider the stability of its revenue stream, especially if you're bullish on Bitcoin.\nCoinbase is attractive if you want exposure to cryptocurrency without having to buy it directly -- it's seen as a \"proxy bet\" on cryptocurrency. Further, there are still big questions about wallet and password security, and many investors feel more comfortable buying a listed stock than they do buying digital currency.\nBut as with any single stock purchase, you'll be exposed to idiosyncratic risk, or company-specific risk. Anything adverse that could happen to Coinbase is your risk to bear -- lawsuits, accounting scandals, currency failures, you name it. Unsystematic risk is something you should definitely consider before buying any individual stock, but particularly one with a highly speculative future dependent on emerging technology.\nImage Source: Getty Images.\nThe Nasdaq as a whole\nThe Nasdaq exchange has a high concentration of technology stocks and includes Coinbase as one of the 2,500 stocks in its cap-weighted population. The clear benefit to investing in a Nasdaq-mimicking exchange-traded fund (ETF), like the Invesco QQQ Trust, for example, is that you're investing with far less risk. If something unfortunate happens to one of the portfolio constituents, you're insulated by virtue of holding many other great companies at the same time.\nLet's look at what you get when you invest in the Nasdaq index:\nNote: Data current as of May 27, 2021.\nWhile you'll note that the five-year performance numbers of top Nasdaq stocks have been pretty stellar, we aren't interested in past performance when deciding to buy -- we're interested in the potential for consistent future performance. The good news is that many of the same competitive advantages that got these companies to where they are still exist today. By buying the index as a whole, you'll have access to all of the top dogs.\nThe verdict\nAny time you pit a single stock against an index, almost anyone can make the case that the single stock has greater upside potential because you probably won't see an index double or triple in a single year. Coinbase may very well double its value by 2022, minting new crypto-millionaires.\nBut what if that doesn't happen? You need to consider the downside risk present when investing in an innovative technology (like cryptocurrency) that already has significant earnings growth priced in. Given the quality of the companies leading the Nasdaq, it's a more prudent bet to go for the basket of tried-and-true winners as opposed to a potentially volatile wild card.\nWith all of that said, a small allocation to Coinbase can make sense if you have interest in the crypto space but don't feel the need or desire to own digital currency directly. For a long-term investor who's serious about keeping their retirement savings, however, the more diversified nature of the Nasdaq index makes it a better buy.","news_type":1},"isVote":1,"tweetType":1,"viewCount":29,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3581742924827239","authorId":"3581742924827239","name":"JiaocyTi","avatar":"https://static.tigerbbs.com/c16d760078e396b46033bc97afede0c8","crmLevel":1,"crmLevelSwitch":0,"idStr":"3581742924827239","authorIdStr":"3581742924827239"},"content":"Wait for more option or better chance","text":"Wait for more option or better chance","html":"Wait for more option or better chance"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9026009217,"gmtCreate":1653288021939,"gmtModify":1676535254426,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"Risk and opportunity","listText":"Risk and opportunity","text":"Risk and opportunity","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9026009217","repostId":"1126352915","repostType":4,"isVote":1,"tweetType":1,"viewCount":170,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":863788478,"gmtCreate":1632436903594,"gmtModify":1676530780344,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/863788478","repostId":"2169665501","repostType":4,"repost":{"id":"2169665501","pubTimestamp":1632370388,"share":"https://ttm.financial/m/news/2169665501?lang=&edition=fundamental","pubTime":"2021-09-23 12:13","market":"us","language":"zh","title":"美联储议息会议点评:靴子基本落地,鲍威尔拿走“酒杯”","url":"https://stock-news.laohu8.com/highlight/detail?id=2169665501","media":"新浪财经","summary":"核心观点\n9月议息会议,美联储维持基准利率和购债规模不变,声明中提及“如果进展大致如预期,则资产购买步伐可能很快就会放缓”。经济预测和点阵图显示加息预期进一步提前。鲍威尔讲话较为鹰派,表示缩减购债规模","content":"<p>核心观点</p>\n<p>9月议息会议,美联储维持基准利率和购债规模不变,声明中提及“如果进展大致如预期,则资产购买步伐可能很快就会放缓”。经济预测和点阵图显示加息预期进一步提前。鲍威尔讲话较为鹰派,表示缩减购债规模的条件最早可能在下次会议上得到满足。我们认为,按照本次会议声明和鲍威尔讲话,Taper或将在11月宣布,12月开始实施,节奏可能是每月缩减150亿美元购债,至明年年中结束,美债利率拐点或取决于债务上限解决时间。</p>\n<p>议息会议结果:利率工具方面,在本次议息会议上,美联储继续将基准利率维持在0-0.25%不变;资产购买方面,美联储称“如果进展大致如预期,则资产购买步伐可能很快就会放缓”,并重申将“在实现委员会的最大就业和价格稳定目标方面取得实质性进展之前”,继续以每个月不低于800亿美元的速度购买国债、以每个月不低于400亿美元的速度购买MBS。经济预期方面,美联储增加了“近几个月,受大流行影响最严重的行业情况有所改善但病例增加延缓了复苏进展”,通胀的描述由“上升(has risen)”改为“位于高位(is elevated)”,但仍是暂时的。</p>\n<p>政策利率预测与经济前景预测:政策利率预测的点阵图显示,所有决策者都预计到2021年底联邦基金利率将维持在接近零的水平,有9位委员预计将在2022年加息,17位委员预计将在2023年加息。经济前景预测方面,美联储大幅下调今年经济增长预测,上调通胀预测。预期2021年GDP增长5.9%,今年6月预期7.0%;预期2021年失业率为4.8%,今年6月预期4.5%;预期2021年PCE通胀率为4.2%,今年6月预期3.4%;预期2021年核心PCE通胀率为3.7%,今年6月预期3.0%。</p>\n<p>鲍威尔讲话要点:在通货膨胀方面已经取得了实质性进展;就自己和许多FOMC成员而言,就业问题取得了实质性进展;声明中的措辞意味着,缩减购债规模的条件最早可能在下次会议上得到满足。如果经济走势继续与预期一致,可以很容易地在下次会议上采取紧缩措施,缩减购债规模可能在明年年中左右结束。缩债将是渐进的,预计不需要加快缩债步伐;在评估最大就业时,确实要看不同的人口统计指标,失业率持续的种族差距相当令人不安。</p>\n<p>近期美国基本面情况:疫情方面,新型冠状病毒新增确诊人数回落,疫情边际趋缓和。就业方面,新增非农就业人数继续增长,但8月增幅远低于预期,创2021年1月以来新低,居民对于疫情的担忧加剧是新增非农就业人数远低于市场预期的主要原因。通胀方面,8月PPI再创新高,CPI涨幅驱缓但仍在高位,能源项是CPI主要增长项,市场通胀预期有所缓和。消费方面,8月零售数据大超市场预期,消费者信心呈边际向好趋势。投资方面,耐用品新增订单增速持续改善,但边际有所驱缓。经济景气方面,8月ISM制造业和非制造业PMI显示经济复苏放缓,但仍然处于相对高位的扩张区间。</p>\n<p>Taper靴子基本落地,鲍威尔拿走“酒杯”不唱“鸽”。本次议息会议声明首次明确对缩减购债规模给出信息。鲍威尔在此后的讲话中也对Taper着墨较多,同时没有继续以往一贯的“鸽”派言论,而是更多对Taper进行铺垫。从议息会议声明首次提及缩减购债以及鲍威尔之后的表述来看,Taper的靴子已经基本落地。</p>\n<p>点阵图和经济预测继续显示加息预期提前,美联储可能比市场预期更早收紧货币政策。本次会议上,点阵图和经济预测表明美联储对于长期经济增长乐观,对于通胀较为担忧。同时,鲍威尔在新闻发布会上也并未像6月时一味强调点阵图只是个人预测,表明此次点阵图显示的加息提前预示着政策或将发生转变,在高通胀和金融稳定的压力下,美联储可能比市场预期更早收紧货币政策。</p>\n<p>Taper或将在11月宣布,12月开始实施,节奏可能是每月缩减150亿美元购债,至明年年中结束,美债利率拐点或取决于债务上限解决时间。如果就业不出现超预期恶化,那么美联储大概率会在接下来的11月FOMC议息会议上宣布Taper,并从12月开始实施Taper。关于Taper的节奏,要保证明年年中结束Taper,如果按照上一轮经验,每次议息会议缩减150亿美元购债的节奏,那么Taper将到明年三季度结束,因此我们认为不排除本轮Taper按照每月缩减150亿美元的节奏进行,至明年年中结束。随着美联储沟通持续性的保持,当前Taper已经不是决定美债利率拐点的核心因素,美债利率拐点或取决于美国债务上限的解决时间,可能在10月底附近出现。</p>\n<p>正文</p>\n<p>议息会议结果</p>\n<p>利率工具方面,在本次议息会议上,美联储继续将基准利率维持在0-0.25%不变,重申将维持利率在当前水平直至实现其最大就业和物价稳定的双重目标。理事会一致投票决定将准备金余额支付的利率维持在0.15%,自2021年9月23日起生效。基础信贷利率维持在0.25%不变,继续按兵不动,符合市场预期。</p>\n<p>资产购买方面,美联储称“如果进展大致如预期,则资产购买步伐可能很快就会放缓”。美联储重申将“在实现委员会的最大就业和价格稳定目标方面取得实质性进展之前”,继续以每个月不低于800亿美元的速度购买国债、以每个月不低于400亿美元的速度购买MBS,并根据促进平稳的市场运作、提供宽松金融条件的需要来增持国债和MBS、购买CMBS,从而支持信贷流向家庭和企业;进行报价利率为0.05%的隔夜逆回购协议操作,每天每方交易限额为1600亿美元。</p>\n<p>经济预期方面,美联储增加了“近几个月,受大流行影响最严重的行业情况有所改善但病例增加延缓了复苏进展”;通胀的描述由“上升(has risen)”改为“位于高位(is elevated)”。随着疫苗接种取得进展和强有力的政策支持,经济活动和就业指标继续增强。最近几个月,受疫情影响最严重的行业有所改善,但COVID-19病例的增加减缓了其复苏。通胀上升,主要反映了暂时性因素。经济的演进路径继续取决于病毒的发展进程。疫苗接种方面的进展可能会继续减少公共卫生危机对经济的影响,但经济前景面临的风险仍然存在。</p>\n<p>美联储政策利率预测与经济预测</p>\n<p>本次议息会议美联储更新了政策利率预测与经济预测。政策利率预测的点阵图显示,所有决策者都预计到2021年底联邦基金利率将维持在接近零的水平,有9位委员预计将在2022年加息,17位委员预计将在2023年加息,2024年可能加息6-7次。</p>\n<p><img src=\"https://static.tigerbbs.com/2548ac654d0266737d70a1c610987d9e\" tg-width=\"1080\" tg-height=\"486\" referrerpolicy=\"no-referrer\"></p>\n<p>美国经济前景预测,经济增长方面,美联储预期2021年GDP增长5.9%,今年6月预期7.0%;预期2022年增长3.8%,今年6月预期3.3%;预期2023年增长2.5%,今年6月预期2.4%;预期2024年增长2.0%;更长周期预计增长1.8%,今年6月预期增长1.8%。</p>\n<p>失业率方面,美联储预期2021年为4.8%,今年6月预期4.5%;预期2022年为3.8%,今年6月预期3.8%;预期2023年为3.5%,今年6月预期3.5%;预期2024年增长3.5%;更长周期预期为4.0%,今年6月预期4.0%。</p>\n<p>通胀方面,美联储预期2021年PCE通胀率为4.2%,今年6月预期3.4%;预期2022年为2.2%,今年6月预期2.1%;预期2023年为2.2%,今年6月预期2.2%;预期2024年增长2.1%;更长周期预期为2.0%,今年6月预期2.0%。预期2021年核心PCE通胀率为3.7%,今年6月预期3.0%;预期2022年为2.3%,今年6月预期2.1%;预期2023年为2.2%,今年6月预期2.1%;预期2024年增长2.1%。</p>\n<p><img src=\"https://static.tigerbbs.com/337179c001ee4d2f009760e7065ceb7f\" tg-width=\"1076\" tg-height=\"524\" referrerpolicy=\"no-referrer\"></p>\n<p>鲍威尔的讲话</p>\n<p>美联储主席鲍威尔在当日新闻发布会上表示:如果经济走势继续与预期一致,可以很容易地在下次会议上采取紧缩措施。委员会今天讨论了实现目标的进展,就自己和许多FOMC成员而言,就业问题取得了实质性进展。如果持续出现进展,缩减购债规模可能很快就会得到保证,缩减购债规模可能在明年年中左右结束。</p>\n<p>Taper方面,鲍威尔表示:在通货膨胀方面已经取得了实质性进展;就自己和许多FOMC成员而言,就业问题取得了实质性进展;声明中的措辞意味着,缩减购债规模最早可能在下次会议上得到满足;大部分FOMC成员支持缩债的时间和速度;资产购买仍有其用途,但现在是缩减资产购买的时候了。在缩减购债计划结束之前,不会出现加息。如果时机合适,美联储当然可以加快或放慢缩减购债的速度。缩债将是渐进的,预计不需要加快缩债步伐;在评估最大就业时,确实要看不同的人口统计指标。</p>\n<p>经济预期方面,鲍威尔表示:经济前景仍然存在风险;Delta毒株减缓了经济复苏;疫苗接种的持续进展将支持经济恢复到更正常的状态;在今年剩下的时间里,增长可能会继续保持强劲的步伐;受疫情影响的行业复苏缓慢;供应限制抑制经济活动。</p>\n<p>就业方面,鲍威尔表示:劳动力需求非常强劲,失业率高估了就业缺口,护理需求和对病毒的持续担忧影响就业增长,但应该会随着时间的推移而消失;劳动力市场仍然有很多闲置的地方;许多联邦公开市场委员会成员认为在就业方面已经取得了实质性的进一步进展,观点是“几乎达到”。Delta毒株影响了人们重返工作岗位,人们可能需要更多的时间才能回到工作岗位;失业率持续的种族差距相当令人不安,消除种族差异是财政政策比美联储的工具更适合的事情。</p>\n<p>通胀方面,鲍威尔表示:通货膨胀正在上升,并且在缓和之前可能会持续数月;供应瓶颈,雇佣困难可能会再次比预期更大,更持久。长期通胀预期指标仍然与长期通胀目标一致,如果持续的高通胀是一个担忧,我们肯定会做出回应。今年和今后几年的通胀预测有所上升,这反映出瓶颈和短缺尚未以“有意义的方式”减轻。</p>\n<p>债务上限方面,鲍威尔表示:及时提高债务上限非常重要;如果不这样做,可能会对经济造成严重损害;美国不应该违约,没有人应该假设美联储能在违约的情况下完全保护市场或经济。</p>\n<p>美国近期基本面</p>\n<p>近日,美国新型冠状病毒新增确诊人数回落,美国疫情情况边际趋缓和。截至2021年9月21日,美国新型冠状病毒累计确诊人数达到4324万人,累计死亡人数70万人,美国新型冠状病毒当日确诊人数为13万人,比上一日减少了8万人。美国疫情扩散的放缓或与疫苗普及率逐渐提高有关,美国新型冠状病毒新增确诊病例从9月13日以来呈下降趋势。</p>\n<p><img src=\"https://static.tigerbbs.com/52d108a0b4de776878602633cbfcca1a\" tg-width=\"1080\" tg-height=\"550\" referrerpolicy=\"no-referrer\"></p>\n<p>就业方面,从非农就业人数变化来看,美国8月季调后非农就业人口增加23.5万人,预期增加72万人,新增非农就业人数创2021年1月以来新低,同时失业率降至5.2%,为2020年3月以来新低。8月美国新增非农就业人数远低于前值和市场预期,从新增非农就业人数走势来看,尽管随着美国疫苗接种速度的加快,以及在部分州失业救济金提前停发的带动下,6月和7月新增非农就业人数大幅增长,连续高于市场预期。但是此前的非农就业数据并未反映新一轮Delta变异毒株引发的疫情反弹给就业市场带来的扰动,8月非农就业数据在疫情扰动下,远低于市场预期。</p>\n<p>Delta变异毒株造成疫情反弹,居民对于疫情的担忧加剧是新增非农就业人数远低于市场预期的主要原因。具体来看,此前新增非农就业人数的主要来源休闲酒店业意外零增长导致非农就业数据弱于预期,相较7月环比减少约41.5万人。专业和商业服务业维持增加,录得7.4万人,环比减少约0.5万人,但仍然成为了8月新增非农就业人数最多的行业,仓储运输业增加5.32万人。政府部门就业人数环比减少约26.3万人,由前值增加25.5万人变为今值的减少0.8万人;教育和保健服务新增就业人数环比减少约5.3万人。从行业数据上来看,美国服务业就业人数增长放缓,是导致就业人数大幅低于整体增幅的主要因素之一。新一轮疫情对消费及就业活动的冲击都高于预期,在Delta毒株引发的新一轮感染高峰仍未过去之际,民众自发减少外出令经济活动继续受到冲击,个人教育和重返职场的计划也被打乱。</p>\n<p><img src=\"https://static.tigerbbs.com/bbde1a3a84487e70f3a8cafc8473e0ca\" tg-width=\"1072\" tg-height=\"1040\" referrerpolicy=\"no-referrer\"></p>\n<p>通胀方面,8月PPI再创新高,CPI涨幅驱缓,能源项是CPI主要增长项。8月未季调CPI同比增长5.3%,预期增长5.3%;未季调核心CPI同比增长4.0%,预期增长4.2%。季调后CPI环比增长0.3%,预期增长0.4%;季调后核心CPI环比增长0.1%,预期增长0.3%。PPI同比增长8.3%,再创历史新高。8月CPI同比增速最高的仍是能源项。前期推动CPI持续上涨的交通运输服务以及二手车价格涨势均有所收敛。能源价格同比上涨25%,其中,汽油价格环比增长2.8%,同比增长42.7%,食品价格同比上行3.7%。虽然8月CPI同比仍然维持高位,但涨幅驱缓,市场通胀预期有所缓和。</p>\n<p><img src=\"https://static.tigerbbs.com/ff6326a1fede7bd4665cc7d69bff8419\" tg-width=\"762\" tg-height=\"856\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/cbb465d85d4fd8a7dfb1db447f3ee113\" tg-width=\"734\" tg-height=\"516\" referrerpolicy=\"no-referrer\"></p>\n<p>消费方面,零售数据大超市场预期,消费者信心呈边际向好趋势。美国8月零售数据环比增长0.7%,远超市场预期的-0.7%,同比增长15.37%。美国公布的9月密歇根大学消费者信心指数小幅升至71,8月终值为70.3,略超预期。由于德尔塔毒株的传播而导致的新冠病例增加正在减缓,消费者信心指数或持续反弹。但与春季和疫情前水平相比,在疫情影响下,当前市场情绪仍然低迷。</p>\n<p><img src=\"https://static.tigerbbs.com/4a920b65ab2b007e867991d1226c0d5e\" tg-width=\"788\" tg-height=\"846\" referrerpolicy=\"no-referrer\"></p>\n<p>投资方面,近来美国耐用品新增订单月同比起伏不定,7月同比录得10.99%,6月同比录得24.17%,继续2020年11月以来的正值,反映美国投资状况改善,但边际增速有所驱缓。美国7月季调后耐用品除运输外新增订单同比增加15.56%,6月同比为18.50%。美国耐用品新增订单和除运输外耐用品新增订单的持续增长或反映了美国投资状况的持续改善,但边际增速有所驱缓。</p>\n<p><img src=\"https://static.tigerbbs.com/e191ff9b409bc4d397c7d3ab0eb87d8b\" tg-width=\"758\" tg-height=\"360\" referrerpolicy=\"no-referrer\"></p>\n<p>经济景气方面,8月ISM制造业和非制造业PMI显示复苏放缓,但仍然处于相对高位。美国8月ISM制造业PMI为59.9,与7月59.5相比有略微抬升,但比5月份的61.2仍有一定差距,受到疫情反弹影响,复苏进度受阻。分项方面,物价有大幅变动,从7月的85.7下降到79.4,供应商交付由7月的72.5小幅下跌到69.5。美国8月ISM非制造业PMI为61.7,较7月的64.1显著回落。分项方面, 商业活动指数60.1,较上月的67下降6.9个百分点,创下六个月新低,凸显Delta变异毒株正在降低人们对外出就餐、休闲和旅行等的需求;就业分项由53.8小幅回落至53.7;库存分项从7月的49.2下降至8月的46.9,跌至近一年来的最低水平。</p>\n<p><img src=\"https://static.tigerbbs.com/346bea160af4b48bf00689f24f779c95\" tg-width=\"928\" tg-height=\"764\" referrerpolicy=\"no-referrer\"></p>\n<p>点评</p>\n<p>Taper靴子基本落地,鲍威尔拿走“酒杯”不唱“鸽”。本次议息会议声明首次明确对缩减购债规模给出信息,即“如果进展大致如预期,则资产购买步伐可能很快就会放缓”。鲍威尔在此后的讲话中也对Taper着墨较多,同时没有继续以往一贯的“鸽”派言论,而是更多对Taper进行铺垫,例如通胀已经取得实质性进展,许多FOMC成员表示,就业问题取得了实质性进展,声明中的措辞意味着,缩减购债规模的条件最早可能在下次会议上得到满足等。从议息会议声明首次提及缩减购债以及鲍威尔之后的表述来看,Taper的靴子已经基本落地。</p>\n<p>点阵图和经济预测继续显示加息预期提前,美联储可能比市场预期更早收紧货币政策。本次会议上,所有决策者都预计到2021年底联邦基金利率将维持在接近零的水平,有9位委员预计将在2022年加息,17位委员预计将在2023年加息,2024年可能加息6-7次。在6月议息会议时,所有决策者都预计到2021年底联邦基金利率将维持在接近零的水平,有7位委员预计将在2022年加息,13位委员预计将在2023年加息。在经济预测中,美联储大幅下调了今年的GDP增速预测,但上调了2022年和2023年的GDP增速预测,同时大幅上调今年的通胀预测,小幅上调2022年的通胀预测,表明美联储对于长期经济增长乐观,对于通胀较为担忧。同时,鲍威尔在新闻发布会上也并未像6月时一味强调点阵图只是个人预测,表明此次点阵图显示的加息提前预示着政策或将发生转变,在高通胀和金融稳定的压力下,美联储可能比市场预期更早收紧货币政策。</p>\n<p>Taper或将在11月宣布,12月开始实施,节奏可能是每月缩减150亿美元购债,至明年年中结束,美债利率拐点或取决于债务上限解决时间。按照本次议息会议声明和鲍威尔的讲话来看,如果就业不出现超预期恶化,那么美联储大概率会在接下来的11月FOMC议息会议上宣布Taper,并从12月开始实施Taper。关于Taper的节奏,要保证明年年中结束Taper,如果按照上一轮经验,每次议息会议缩减150亿美元购债的节奏,那么Taper将到明年三季度结束,因此我们认为不排除本轮Taper按照每月缩减150亿美元的节奏进行,至明年年中结束。随着美联储沟通持续性的保持,当前Taper已经不是决定美债利率拐点的核心因素,美债利率拐点或取决于美国债务上限的解决时间,可能在10月底附近出现。</p>\n<p>市场回顾</p>\n<p>利率债</p>\n<p>资金面市场回顾</p>\n<p>2021年9月22日,银存间质押式回购加权利率涨跌互现,隔夜、7天、14天、21天和1个月分别变动了4.70bps、-1.54bps、9.10bps、0.67bp和-1.68bps至2.15%、2.23%、2.46%、2.60%和2.60%。国债到期收益率大体下行,1年、3年、5年、10年分别变动-5.87bps、-2.12bps、-0.87bp、-0.78bp至2.33%、2.56%、2.71%、2.86%。9月22日上证综指上涨0.40%至3628.49,深证成指下跌0.57%至14277.08,创业板指下跌0.91%至3164.33。</p>\n<p>央行公告称,为维护季末流动性平稳,9月22日以利率招标方式开展了600亿元7天期和600亿元14天期逆回购操作。今日央行公开市场开展600亿元7天逆回购操作和600亿元14天期逆回购操作,有300亿元逆回购到期,实现流动性净投放900亿元。此外,本周四至周五还有600亿元7天逆回购到期,周五有700亿元国库现金定存到期,周日有500亿元逆回购到期。</p>\n<p>流动性动态监测</p>\n<p>我们对市场流动性情况进行跟踪,观测2017年开年来至今流动性的“投与收”。增量方面,我们根据逆回购、SLF、MLF等央行公开市场操作、国库现金定存等规模计算总投放量;减量方面,我们根据2020年12月对比2016年12月M0累计增加16010.66亿元,外汇占款累计下降8117.16亿元、财政存款累计增加9868.66亿元,粗略估计通过居民取现、外占下降和税收流失的流动性,并考虑公开市场操作到期情况,计算每日流动性减少总量。同时,我们对公开市场操作到期情况进行监控。</p>\n<p><img src=\"https://static.tigerbbs.com/7a306434fbba9a99088fd2e91d87d106\" tg-width=\"732\" tg-height=\"1136\" referrerpolicy=\"no-referrer\"></p>\n<p>可转债</p>\n<p>可转债市场回顾</p>\n<p>9月22日转债市场,中证转债指数收于415.11点,日上涨0.43%,可转债指数收于1735.61点,日上涨0.42%,可转债预案指数收于1449.60点,日下跌0.04%;平均转债价格144.52,平均平价为113.55元。376支上市交易可转债,除英科转债、九洲转债和清水转债停牌,191支上涨,1支横盘,181支下跌。其中蒙电转债(16.03%)、濮耐转债(14.42%)和齐翔转2(12.23%)领涨,时达转债(-12.29%)、弘信转债(-8.20%)和久吾转债(-5.86%)领跌。370支可转债正股,171支上涨,8支横盘,191支下跌。其中<a href=\"https://laohu8.com/S/688388\">嘉元科技</a>(15.84%)、<a href=\"https://laohu8.com/S/300682\">朗新科技</a>(13.11%)和<a href=\"https://laohu8.com/S/600863\">内蒙华电</a>(10.08%)领涨,<a href=\"https://laohu8.com/S/002527\">新时达</a>(-9.97%)、<a href=\"https://laohu8.com/S/300657\">弘信电子</a>(-9.31%)和<a href=\"https://laohu8.com/S/300631\">久吾高科</a>(-8.04%)领跌。</p>\n<p>可转债市场周观点</p>\n<p>上周市场先扬后抑,转债指数冲高后快速回落。结构上看市场风格出现了较为明显的均衡,前期饱受冲击的医药等板块开始走强,而强势周期板块则调整明显。</p>\n<p>最近市场对转债估值问题讨论颇多,上周股性估值也有所压缩,但我们认为估值并不是当前市场的核心左右因素,进一步考虑到估值的结构分化较大,市场的总体估值水平的参考意义也有所下降。策略上我们继续着均衡的方向,当前正是配置再平衡的阶段。我们认为市场波动加大正是部分方向加紧布局的阶段,在方向上做好平衡的核心是精选个券,市场的alpha更为明显,机会并不会受到局限,转债保持高弹性的同时可以增加部分仓位关注价格安全垫较厚的正股低估值标的。</p>\n<p>周期板块是近期波动迅速增大的品种,随着全球经济开始面临增长压力也会进一步抑制商品的潜在需求,同时上游价格的高企也对下游的需求产生负面影响。上下游博弈的背后更加关注供给受限或是需求仍有潜在提振空间的方向,例如原油、特高压、公用事业环保等板块。</p>\n<p>近期泛消费板块遭遇持续的冲击,其中情绪有一定过度反应的嫌疑,冲击过后仍然值得重视这一方向。随着经济增长动能的回落,近期调整颇多的消费板块可能会再次展现出稳健的特性,虽然疫情构成了一定的扰动,但消费中存在不少景气度持续的方向,部分标的也创出了新高,建议投资者对这一方向增加关注。同时我们可以增加对金融板块的关注。</p>\n<p>对于过去数月重点推荐的成长制造方向,也是当前市场结构性热点所在,近期仍旧有持续创出新高的标的。但往后看这一方向应更加看重alpha,我们建议优选龙头个券配置。主要逻辑方向建议从国产替代与技术升级两大角度去考察,重点关注半导体、汽车零部件、风电、光伏、医药工业、通信等板块。但当前的重点是均衡持仓的选择,积极应对市场情绪的波动。</p>\n<p>高弹性组合建议重点关注东财转3、新春转债、斯莱转债、嘉元(金博)转债、金诚(滨化)转债、奥佳转债、恩捷转债、晶科转债、比音转债、精达转债。</p>\n<p>稳健弹性组合建议关注杭银转债、蒙娜(海澜)转债、旺能转债、天壕转债、台华转债、天能(福能)转债、文灿转债、润建转债、朗新转债。</p>\n<p>风险因素</p>\n<p>市场流动性大幅波动,宏观经济增速不如预期,无风险利率大幅波动,正股股价超预期波动。</p>\n<p>股票市场</p>\n<p><img src=\"https://static.tigerbbs.com/294bd133a63473e9163b00961accb856\" tg-width=\"736\" tg-height=\"658\" referrerpolicy=\"no-referrer\"></p>\n<p>转债市场</p>\n<p><img src=\"https://static.tigerbbs.com/82a6a015caa67dc2b92dd786923292bd\" tg-width=\"738\" tg-height=\"174\" referrerpolicy=\"no-referrer\"></p>\n<p>中信证券明明研究团队</p>\n<p><img src=\"https://static.tigerbbs.com/1804bd2a58f1fc4b3242b88f2f02977b\" tg-width=\"820\" tg-height=\"567\" referrerpolicy=\"no-referrer\"></p>","source":"sina_us","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>美联储议息会议点评:靴子基本落地,鲍威尔拿走“酒杯”</title>\n<style 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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美联储议息会议点评:靴子基本落地,鲍威尔拿走“酒杯”\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-23 12:13 北京时间 <a href=https://finance.sina.com.cn/stock/usstock/c/2021-09-23/doc-iktzscyx5801703.shtml><strong>新浪财经</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>核心观点\n9月议息会议,美联储维持基准利率和购债规模不变,声明中提及“如果进展大致如预期,则资产购买步伐可能很快就会放缓”。经济预测和点阵图显示加息预期进一步提前。鲍威尔讲话较为鹰派,表示缩减购债规模的条件最早可能在下次会议上得到满足。我们认为,按照本次会议声明和鲍威尔讲话,Taper或将在11月宣布,12月开始实施,节奏可能是每月缩减150亿美元购债,至明年年中结束,美债利率拐点或取决于债务上限...</p>\n\n<a href=\"https://finance.sina.com.cn/stock/usstock/c/2021-09-23/doc-iktzscyx5801703.shtml\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f36976bdc18f7089989d74786b5b12ee","relate_stocks":{"161125":"标普500","513500":"标普500ETF","600030":"中信证券","DXD":"道指两倍做空ETF","SH":"标普500反向ETF","QQQ":"纳指100ETF","DDM":"道指两倍做多ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","QID":"纳指两倍做空ETF","OEX":"标普100",".SPX":"S&P 500 Index","DOG":"道指反向ETF","IVV":"标普500指数ETF","SPY":"标普500ETF","TQQQ":"纳指三倍做多ETF","SDOW":"道指三倍做空ETF-ProShares","OEF":"标普100指数ETF-iShares","06030":"中信证券","PSQ":"纳指反向ETF","SQQQ":"纳指三倍做空ETF","SPXU":"三倍做空标普500ETF","DJX":"1/100道琼斯","SDS":"两倍做空标普500ETF","UDOW":"道指三倍做多ETF-ProShares","UPRO":"三倍做多标普500ETF","QLD":"纳指两倍做多ETF","SSO":"两倍做多标普500ETF"},"source_url":"https://finance.sina.com.cn/stock/usstock/c/2021-09-23/doc-iktzscyx5801703.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2169665501","content_text":"核心观点\n9月议息会议,美联储维持基准利率和购债规模不变,声明中提及“如果进展大致如预期,则资产购买步伐可能很快就会放缓”。经济预测和点阵图显示加息预期进一步提前。鲍威尔讲话较为鹰派,表示缩减购债规模的条件最早可能在下次会议上得到满足。我们认为,按照本次会议声明和鲍威尔讲话,Taper或将在11月宣布,12月开始实施,节奏可能是每月缩减150亿美元购债,至明年年中结束,美债利率拐点或取决于债务上限解决时间。\n议息会议结果:利率工具方面,在本次议息会议上,美联储继续将基准利率维持在0-0.25%不变;资产购买方面,美联储称“如果进展大致如预期,则资产购买步伐可能很快就会放缓”,并重申将“在实现委员会的最大就业和价格稳定目标方面取得实质性进展之前”,继续以每个月不低于800亿美元的速度购买国债、以每个月不低于400亿美元的速度购买MBS。经济预期方面,美联储增加了“近几个月,受大流行影响最严重的行业情况有所改善但病例增加延缓了复苏进展”,通胀的描述由“上升(has risen)”改为“位于高位(is elevated)”,但仍是暂时的。\n政策利率预测与经济前景预测:政策利率预测的点阵图显示,所有决策者都预计到2021年底联邦基金利率将维持在接近零的水平,有9位委员预计将在2022年加息,17位委员预计将在2023年加息。经济前景预测方面,美联储大幅下调今年经济增长预测,上调通胀预测。预期2021年GDP增长5.9%,今年6月预期7.0%;预期2021年失业率为4.8%,今年6月预期4.5%;预期2021年PCE通胀率为4.2%,今年6月预期3.4%;预期2021年核心PCE通胀率为3.7%,今年6月预期3.0%。\n鲍威尔讲话要点:在通货膨胀方面已经取得了实质性进展;就自己和许多FOMC成员而言,就业问题取得了实质性进展;声明中的措辞意味着,缩减购债规模的条件最早可能在下次会议上得到满足。如果经济走势继续与预期一致,可以很容易地在下次会议上采取紧缩措施,缩减购债规模可能在明年年中左右结束。缩债将是渐进的,预计不需要加快缩债步伐;在评估最大就业时,确实要看不同的人口统计指标,失业率持续的种族差距相当令人不安。\n近期美国基本面情况:疫情方面,新型冠状病毒新增确诊人数回落,疫情边际趋缓和。就业方面,新增非农就业人数继续增长,但8月增幅远低于预期,创2021年1月以来新低,居民对于疫情的担忧加剧是新增非农就业人数远低于市场预期的主要原因。通胀方面,8月PPI再创新高,CPI涨幅驱缓但仍在高位,能源项是CPI主要增长项,市场通胀预期有所缓和。消费方面,8月零售数据大超市场预期,消费者信心呈边际向好趋势。投资方面,耐用品新增订单增速持续改善,但边际有所驱缓。经济景气方面,8月ISM制造业和非制造业PMI显示经济复苏放缓,但仍然处于相对高位的扩张区间。\nTaper靴子基本落地,鲍威尔拿走“酒杯”不唱“鸽”。本次议息会议声明首次明确对缩减购债规模给出信息。鲍威尔在此后的讲话中也对Taper着墨较多,同时没有继续以往一贯的“鸽”派言论,而是更多对Taper进行铺垫。从议息会议声明首次提及缩减购债以及鲍威尔之后的表述来看,Taper的靴子已经基本落地。\n点阵图和经济预测继续显示加息预期提前,美联储可能比市场预期更早收紧货币政策。本次会议上,点阵图和经济预测表明美联储对于长期经济增长乐观,对于通胀较为担忧。同时,鲍威尔在新闻发布会上也并未像6月时一味强调点阵图只是个人预测,表明此次点阵图显示的加息提前预示着政策或将发生转变,在高通胀和金融稳定的压力下,美联储可能比市场预期更早收紧货币政策。\nTaper或将在11月宣布,12月开始实施,节奏可能是每月缩减150亿美元购债,至明年年中结束,美债利率拐点或取决于债务上限解决时间。如果就业不出现超预期恶化,那么美联储大概率会在接下来的11月FOMC议息会议上宣布Taper,并从12月开始实施Taper。关于Taper的节奏,要保证明年年中结束Taper,如果按照上一轮经验,每次议息会议缩减150亿美元购债的节奏,那么Taper将到明年三季度结束,因此我们认为不排除本轮Taper按照每月缩减150亿美元的节奏进行,至明年年中结束。随着美联储沟通持续性的保持,当前Taper已经不是决定美债利率拐点的核心因素,美债利率拐点或取决于美国债务上限的解决时间,可能在10月底附近出现。\n正文\n议息会议结果\n利率工具方面,在本次议息会议上,美联储继续将基准利率维持在0-0.25%不变,重申将维持利率在当前水平直至实现其最大就业和物价稳定的双重目标。理事会一致投票决定将准备金余额支付的利率维持在0.15%,自2021年9月23日起生效。基础信贷利率维持在0.25%不变,继续按兵不动,符合市场预期。\n资产购买方面,美联储称“如果进展大致如预期,则资产购买步伐可能很快就会放缓”。美联储重申将“在实现委员会的最大就业和价格稳定目标方面取得实质性进展之前”,继续以每个月不低于800亿美元的速度购买国债、以每个月不低于400亿美元的速度购买MBS,并根据促进平稳的市场运作、提供宽松金融条件的需要来增持国债和MBS、购买CMBS,从而支持信贷流向家庭和企业;进行报价利率为0.05%的隔夜逆回购协议操作,每天每方交易限额为1600亿美元。\n经济预期方面,美联储增加了“近几个月,受大流行影响最严重的行业情况有所改善但病例增加延缓了复苏进展”;通胀的描述由“上升(has risen)”改为“位于高位(is elevated)”。随着疫苗接种取得进展和强有力的政策支持,经济活动和就业指标继续增强。最近几个月,受疫情影响最严重的行业有所改善,但COVID-19病例的增加减缓了其复苏。通胀上升,主要反映了暂时性因素。经济的演进路径继续取决于病毒的发展进程。疫苗接种方面的进展可能会继续减少公共卫生危机对经济的影响,但经济前景面临的风险仍然存在。\n美联储政策利率预测与经济预测\n本次议息会议美联储更新了政策利率预测与经济预测。政策利率预测的点阵图显示,所有决策者都预计到2021年底联邦基金利率将维持在接近零的水平,有9位委员预计将在2022年加息,17位委员预计将在2023年加息,2024年可能加息6-7次。\n\n美国经济前景预测,经济增长方面,美联储预期2021年GDP增长5.9%,今年6月预期7.0%;预期2022年增长3.8%,今年6月预期3.3%;预期2023年增长2.5%,今年6月预期2.4%;预期2024年增长2.0%;更长周期预计增长1.8%,今年6月预期增长1.8%。\n失业率方面,美联储预期2021年为4.8%,今年6月预期4.5%;预期2022年为3.8%,今年6月预期3.8%;预期2023年为3.5%,今年6月预期3.5%;预期2024年增长3.5%;更长周期预期为4.0%,今年6月预期4.0%。\n通胀方面,美联储预期2021年PCE通胀率为4.2%,今年6月预期3.4%;预期2022年为2.2%,今年6月预期2.1%;预期2023年为2.2%,今年6月预期2.2%;预期2024年增长2.1%;更长周期预期为2.0%,今年6月预期2.0%。预期2021年核心PCE通胀率为3.7%,今年6月预期3.0%;预期2022年为2.3%,今年6月预期2.1%;预期2023年为2.2%,今年6月预期2.1%;预期2024年增长2.1%。\n\n鲍威尔的讲话\n美联储主席鲍威尔在当日新闻发布会上表示:如果经济走势继续与预期一致,可以很容易地在下次会议上采取紧缩措施。委员会今天讨论了实现目标的进展,就自己和许多FOMC成员而言,就业问题取得了实质性进展。如果持续出现进展,缩减购债规模可能很快就会得到保证,缩减购债规模可能在明年年中左右结束。\nTaper方面,鲍威尔表示:在通货膨胀方面已经取得了实质性进展;就自己和许多FOMC成员而言,就业问题取得了实质性进展;声明中的措辞意味着,缩减购债规模最早可能在下次会议上得到满足;大部分FOMC成员支持缩债的时间和速度;资产购买仍有其用途,但现在是缩减资产购买的时候了。在缩减购债计划结束之前,不会出现加息。如果时机合适,美联储当然可以加快或放慢缩减购债的速度。缩债将是渐进的,预计不需要加快缩债步伐;在评估最大就业时,确实要看不同的人口统计指标。\n经济预期方面,鲍威尔表示:经济前景仍然存在风险;Delta毒株减缓了经济复苏;疫苗接种的持续进展将支持经济恢复到更正常的状态;在今年剩下的时间里,增长可能会继续保持强劲的步伐;受疫情影响的行业复苏缓慢;供应限制抑制经济活动。\n就业方面,鲍威尔表示:劳动力需求非常强劲,失业率高估了就业缺口,护理需求和对病毒的持续担忧影响就业增长,但应该会随着时间的推移而消失;劳动力市场仍然有很多闲置的地方;许多联邦公开市场委员会成员认为在就业方面已经取得了实质性的进一步进展,观点是“几乎达到”。Delta毒株影响了人们重返工作岗位,人们可能需要更多的时间才能回到工作岗位;失业率持续的种族差距相当令人不安,消除种族差异是财政政策比美联储的工具更适合的事情。\n通胀方面,鲍威尔表示:通货膨胀正在上升,并且在缓和之前可能会持续数月;供应瓶颈,雇佣困难可能会再次比预期更大,更持久。长期通胀预期指标仍然与长期通胀目标一致,如果持续的高通胀是一个担忧,我们肯定会做出回应。今年和今后几年的通胀预测有所上升,这反映出瓶颈和短缺尚未以“有意义的方式”减轻。\n债务上限方面,鲍威尔表示:及时提高债务上限非常重要;如果不这样做,可能会对经济造成严重损害;美国不应该违约,没有人应该假设美联储能在违约的情况下完全保护市场或经济。\n美国近期基本面\n近日,美国新型冠状病毒新增确诊人数回落,美国疫情情况边际趋缓和。截至2021年9月21日,美国新型冠状病毒累计确诊人数达到4324万人,累计死亡人数70万人,美国新型冠状病毒当日确诊人数为13万人,比上一日减少了8万人。美国疫情扩散的放缓或与疫苗普及率逐渐提高有关,美国新型冠状病毒新增确诊病例从9月13日以来呈下降趋势。\n\n就业方面,从非农就业人数变化来看,美国8月季调后非农就业人口增加23.5万人,预期增加72万人,新增非农就业人数创2021年1月以来新低,同时失业率降至5.2%,为2020年3月以来新低。8月美国新增非农就业人数远低于前值和市场预期,从新增非农就业人数走势来看,尽管随着美国疫苗接种速度的加快,以及在部分州失业救济金提前停发的带动下,6月和7月新增非农就业人数大幅增长,连续高于市场预期。但是此前的非农就业数据并未反映新一轮Delta变异毒株引发的疫情反弹给就业市场带来的扰动,8月非农就业数据在疫情扰动下,远低于市场预期。\nDelta变异毒株造成疫情反弹,居民对于疫情的担忧加剧是新增非农就业人数远低于市场预期的主要原因。具体来看,此前新增非农就业人数的主要来源休闲酒店业意外零增长导致非农就业数据弱于预期,相较7月环比减少约41.5万人。专业和商业服务业维持增加,录得7.4万人,环比减少约0.5万人,但仍然成为了8月新增非农就业人数最多的行业,仓储运输业增加5.32万人。政府部门就业人数环比减少约26.3万人,由前值增加25.5万人变为今值的减少0.8万人;教育和保健服务新增就业人数环比减少约5.3万人。从行业数据上来看,美国服务业就业人数增长放缓,是导致就业人数大幅低于整体增幅的主要因素之一。新一轮疫情对消费及就业活动的冲击都高于预期,在Delta毒株引发的新一轮感染高峰仍未过去之际,民众自发减少外出令经济活动继续受到冲击,个人教育和重返职场的计划也被打乱。\n\n通胀方面,8月PPI再创新高,CPI涨幅驱缓,能源项是CPI主要增长项。8月未季调CPI同比增长5.3%,预期增长5.3%;未季调核心CPI同比增长4.0%,预期增长4.2%。季调后CPI环比增长0.3%,预期增长0.4%;季调后核心CPI环比增长0.1%,预期增长0.3%。PPI同比增长8.3%,再创历史新高。8月CPI同比增速最高的仍是能源项。前期推动CPI持续上涨的交通运输服务以及二手车价格涨势均有所收敛。能源价格同比上涨25%,其中,汽油价格环比增长2.8%,同比增长42.7%,食品价格同比上行3.7%。虽然8月CPI同比仍然维持高位,但涨幅驱缓,市场通胀预期有所缓和。\n\n消费方面,零售数据大超市场预期,消费者信心呈边际向好趋势。美国8月零售数据环比增长0.7%,远超市场预期的-0.7%,同比增长15.37%。美国公布的9月密歇根大学消费者信心指数小幅升至71,8月终值为70.3,略超预期。由于德尔塔毒株的传播而导致的新冠病例增加正在减缓,消费者信心指数或持续反弹。但与春季和疫情前水平相比,在疫情影响下,当前市场情绪仍然低迷。\n\n投资方面,近来美国耐用品新增订单月同比起伏不定,7月同比录得10.99%,6月同比录得24.17%,继续2020年11月以来的正值,反映美国投资状况改善,但边际增速有所驱缓。美国7月季调后耐用品除运输外新增订单同比增加15.56%,6月同比为18.50%。美国耐用品新增订单和除运输外耐用品新增订单的持续增长或反映了美国投资状况的持续改善,但边际增速有所驱缓。\n\n经济景气方面,8月ISM制造业和非制造业PMI显示复苏放缓,但仍然处于相对高位。美国8月ISM制造业PMI为59.9,与7月59.5相比有略微抬升,但比5月份的61.2仍有一定差距,受到疫情反弹影响,复苏进度受阻。分项方面,物价有大幅变动,从7月的85.7下降到79.4,供应商交付由7月的72.5小幅下跌到69.5。美国8月ISM非制造业PMI为61.7,较7月的64.1显著回落。分项方面, 商业活动指数60.1,较上月的67下降6.9个百分点,创下六个月新低,凸显Delta变异毒株正在降低人们对外出就餐、休闲和旅行等的需求;就业分项由53.8小幅回落至53.7;库存分项从7月的49.2下降至8月的46.9,跌至近一年来的最低水平。\n\n点评\nTaper靴子基本落地,鲍威尔拿走“酒杯”不唱“鸽”。本次议息会议声明首次明确对缩减购债规模给出信息,即“如果进展大致如预期,则资产购买步伐可能很快就会放缓”。鲍威尔在此后的讲话中也对Taper着墨较多,同时没有继续以往一贯的“鸽”派言论,而是更多对Taper进行铺垫,例如通胀已经取得实质性进展,许多FOMC成员表示,就业问题取得了实质性进展,声明中的措辞意味着,缩减购债规模的条件最早可能在下次会议上得到满足等。从议息会议声明首次提及缩减购债以及鲍威尔之后的表述来看,Taper的靴子已经基本落地。\n点阵图和经济预测继续显示加息预期提前,美联储可能比市场预期更早收紧货币政策。本次会议上,所有决策者都预计到2021年底联邦基金利率将维持在接近零的水平,有9位委员预计将在2022年加息,17位委员预计将在2023年加息,2024年可能加息6-7次。在6月议息会议时,所有决策者都预计到2021年底联邦基金利率将维持在接近零的水平,有7位委员预计将在2022年加息,13位委员预计将在2023年加息。在经济预测中,美联储大幅下调了今年的GDP增速预测,但上调了2022年和2023年的GDP增速预测,同时大幅上调今年的通胀预测,小幅上调2022年的通胀预测,表明美联储对于长期经济增长乐观,对于通胀较为担忧。同时,鲍威尔在新闻发布会上也并未像6月时一味强调点阵图只是个人预测,表明此次点阵图显示的加息提前预示着政策或将发生转变,在高通胀和金融稳定的压力下,美联储可能比市场预期更早收紧货币政策。\nTaper或将在11月宣布,12月开始实施,节奏可能是每月缩减150亿美元购债,至明年年中结束,美债利率拐点或取决于债务上限解决时间。按照本次议息会议声明和鲍威尔的讲话来看,如果就业不出现超预期恶化,那么美联储大概率会在接下来的11月FOMC议息会议上宣布Taper,并从12月开始实施Taper。关于Taper的节奏,要保证明年年中结束Taper,如果按照上一轮经验,每次议息会议缩减150亿美元购债的节奏,那么Taper将到明年三季度结束,因此我们认为不排除本轮Taper按照每月缩减150亿美元的节奏进行,至明年年中结束。随着美联储沟通持续性的保持,当前Taper已经不是决定美债利率拐点的核心因素,美债利率拐点或取决于美国债务上限的解决时间,可能在10月底附近出现。\n市场回顾\n利率债\n资金面市场回顾\n2021年9月22日,银存间质押式回购加权利率涨跌互现,隔夜、7天、14天、21天和1个月分别变动了4.70bps、-1.54bps、9.10bps、0.67bp和-1.68bps至2.15%、2.23%、2.46%、2.60%和2.60%。国债到期收益率大体下行,1年、3年、5年、10年分别变动-5.87bps、-2.12bps、-0.87bp、-0.78bp至2.33%、2.56%、2.71%、2.86%。9月22日上证综指上涨0.40%至3628.49,深证成指下跌0.57%至14277.08,创业板指下跌0.91%至3164.33。\n央行公告称,为维护季末流动性平稳,9月22日以利率招标方式开展了600亿元7天期和600亿元14天期逆回购操作。今日央行公开市场开展600亿元7天逆回购操作和600亿元14天期逆回购操作,有300亿元逆回购到期,实现流动性净投放900亿元。此外,本周四至周五还有600亿元7天逆回购到期,周五有700亿元国库现金定存到期,周日有500亿元逆回购到期。\n流动性动态监测\n我们对市场流动性情况进行跟踪,观测2017年开年来至今流动性的“投与收”。增量方面,我们根据逆回购、SLF、MLF等央行公开市场操作、国库现金定存等规模计算总投放量;减量方面,我们根据2020年12月对比2016年12月M0累计增加16010.66亿元,外汇占款累计下降8117.16亿元、财政存款累计增加9868.66亿元,粗略估计通过居民取现、外占下降和税收流失的流动性,并考虑公开市场操作到期情况,计算每日流动性减少总量。同时,我们对公开市场操作到期情况进行监控。\n\n可转债\n可转债市场回顾\n9月22日转债市场,中证转债指数收于415.11点,日上涨0.43%,可转债指数收于1735.61点,日上涨0.42%,可转债预案指数收于1449.60点,日下跌0.04%;平均转债价格144.52,平均平价为113.55元。376支上市交易可转债,除英科转债、九洲转债和清水转债停牌,191支上涨,1支横盘,181支下跌。其中蒙电转债(16.03%)、濮耐转债(14.42%)和齐翔转2(12.23%)领涨,时达转债(-12.29%)、弘信转债(-8.20%)和久吾转债(-5.86%)领跌。370支可转债正股,171支上涨,8支横盘,191支下跌。其中嘉元科技(15.84%)、朗新科技(13.11%)和内蒙华电(10.08%)领涨,新时达(-9.97%)、弘信电子(-9.31%)和久吾高科(-8.04%)领跌。\n可转债市场周观点\n上周市场先扬后抑,转债指数冲高后快速回落。结构上看市场风格出现了较为明显的均衡,前期饱受冲击的医药等板块开始走强,而强势周期板块则调整明显。\n最近市场对转债估值问题讨论颇多,上周股性估值也有所压缩,但我们认为估值并不是当前市场的核心左右因素,进一步考虑到估值的结构分化较大,市场的总体估值水平的参考意义也有所下降。策略上我们继续着均衡的方向,当前正是配置再平衡的阶段。我们认为市场波动加大正是部分方向加紧布局的阶段,在方向上做好平衡的核心是精选个券,市场的alpha更为明显,机会并不会受到局限,转债保持高弹性的同时可以增加部分仓位关注价格安全垫较厚的正股低估值标的。\n周期板块是近期波动迅速增大的品种,随着全球经济开始面临增长压力也会进一步抑制商品的潜在需求,同时上游价格的高企也对下游的需求产生负面影响。上下游博弈的背后更加关注供给受限或是需求仍有潜在提振空间的方向,例如原油、特高压、公用事业环保等板块。\n近期泛消费板块遭遇持续的冲击,其中情绪有一定过度反应的嫌疑,冲击过后仍然值得重视这一方向。随着经济增长动能的回落,近期调整颇多的消费板块可能会再次展现出稳健的特性,虽然疫情构成了一定的扰动,但消费中存在不少景气度持续的方向,部分标的也创出了新高,建议投资者对这一方向增加关注。同时我们可以增加对金融板块的关注。\n对于过去数月重点推荐的成长制造方向,也是当前市场结构性热点所在,近期仍旧有持续创出新高的标的。但往后看这一方向应更加看重alpha,我们建议优选龙头个券配置。主要逻辑方向建议从国产替代与技术升级两大角度去考察,重点关注半导体、汽车零部件、风电、光伏、医药工业、通信等板块。但当前的重点是均衡持仓的选择,积极应对市场情绪的波动。\n高弹性组合建议重点关注东财转3、新春转债、斯莱转债、嘉元(金博)转债、金诚(滨化)转债、奥佳转债、恩捷转债、晶科转债、比音转债、精达转债。\n稳健弹性组合建议关注杭银转债、蒙娜(海澜)转债、旺能转债、天壕转债、台华转债、天能(福能)转债、文灿转债、润建转债、朗新转债。\n风险因素\n市场流动性大幅波动,宏观经济增速不如预期,无风险利率大幅波动,正股股价超预期波动。\n股票市场\n\n转债市场\n\n中信证券明明研究团队","news_type":1},"isVote":1,"tweetType":1,"viewCount":40,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":817471897,"gmtCreate":1630984226919,"gmtModify":1676530434607,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/817471897","repostId":"2165338208","repostType":4,"repost":{"id":"2165338208","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1630992512,"share":"https://ttm.financial/m/news/2165338208?lang=&edition=fundamental","pubTime":"2021-09-07 13:28","market":"hk","language":"zh","title":"深圳本地股午后持续走强,深圳国际涨8.2%","url":"https://stock-news.laohu8.com/highlight/detail?id=2165338208","media":"老虎资讯综合","summary":"据上述《方案》,前海合作区总面积将由14.92平方公里扩展至120.56平方公里,扩张幅度超7倍。值得一提的是,该《方案》罕见具体提及到一家上市公司:深圳机场。前海大扩容《方案》指出,进一步扩展前海合作区发展空间。从以往的类似区域振兴和发展的方案来看,很少具体提及一家上市公司,但此次却点出了深圳机场的重要性。但目前,深圳机场的航线、航班运行均已稳步恢复。","content":"<p>9月7日讯,深圳本地股午后持续走强,<a href=\"https://laohu8.com/S/00152\">深圳国际</a>涨8.2%,<a href=\"https://laohu8.com/S/00604\">深圳控股</a>涨5.6%。</p>\n<p><img src=\"https://static.tigerbbs.com/dac56032037ef9203248c6a8deb7d6b8\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n<p><b>延伸阅读:</b></p>\n<p><b>再放大招!深圳前海合作区扩张7倍!罕见提及这家公司</b></p>\n<p>重磅一个接一个!周日是横琴,周一是前海。</p>\n<p>据新华社9月6日报道,近日,中共中央、国务院印发了《全面深化前海深港现代服务业合作区改革开放方案》(以下称《方案》),并发出通知,要求各地区各部门结合实际认真贯彻落实。<b>据上述《方案》,前海合作区总面积将由14.92平方公里扩展至120.56平方公里,扩张幅度超7倍。</b></p>\n<p>值得一提的是,该《方案》罕见具体提及到一家上市公司:<a href=\"https://laohu8.com/S/000089\">深圳机场</a>。《方案》指出,支持<a href=\"https://laohu8.com/S/000089\">深圳机场</a>充分利用现有航权,不断与共建“一带一路”国家和地区扩大合作。支持深圳机场口岸建设整车进口口岸。依托<a href=\"https://laohu8.com/S/00152\">深圳国际</a>会展中心,推动会展与科技、产业、旅游、消费的融合发展,打造国际一流系列会展品牌,积极承办主场外交活动。支持“一带一路”新闻合作联盟在前海合作区创新发展。</p>\n<p>该《方案》还有许多细节值得一品,来看报道!</p>\n<p>前海大扩容</p>\n<p><b>《方案》指出,进一步扩展前海合作区发展空间。</b>以现有前海合作区为基础,进一步扩展至以下区域:南侧毗邻的蛇口及大小南山片区〔东至后海大道、近海路、爱榕路、招商路、水湾路,南至深圳湾,西至月亮湾大道、珠江口,北至东滨路,包含中国(广东)自由贸易试验区的蛇口区块〕22.89平方公里;北侧毗邻的会展新城及海洋新城片区(东至松福大道,南至福永河,西至海岸线,北至东宝河、沙井北环路)29.36平方公里,机场及周边片区(东至宝安大道,南至金湾大道、宝源路、碧湾路,西至海岸线,北至福永河、松福大道、福洲大道)30.07平方公里,宝安中心区及大铲湾片区(东至宝安大道,南至双界河,西至海岸线,北至金湾大道、宝源路、碧湾路,另包括大小铲岛、孖洲岛)23.32平方公里。</p>\n<p><b>前海合作区总面积由14.92平方公里扩展至120.56平方公里。</b></p>\n<p>其发展目标是,到2025年,建立健全更高层次的开放型经济新体制,初步形成具有全球竞争力的营商环境,高端要素集聚、辐射作用突出的现代服务业蓬勃发展,多轮驱动的创新体系成效突出,对粤港澳大<a href=\"https://laohu8.com/S/00737\">湾区发展</a>的引擎作用日益彰显。</p>\n<p>到2035年,高水平对外开放体制机制更加完善,营商环境达到世界一流水平,建立健全与港澳产业协同联动、市场互联互通、创新驱动支撑的发展模式,建成全球资源配置能力强、创新策源能力强、协同发展带动能力强的高质量发展引擎,改革创新经验得到广泛推广。</p>\n<p>十一大细节</p>\n<p><b>一是</b>,《方案》开篇即突出了香港。开发建设前海深港现代服务业合作区(以下简称前海合作区)是支持香港经济社会发展、提升粤港澳合作水平、构建对外开放新格局的重要举措,对增强香港同胞对祖国的向心力具有重要意义。</p>\n<p>中央人民政府驻香港特别行政区联络办公室发言人9月6日发表谈话表示,中央公布的《全面深化前海深港现代服务业合作区改革开放方案》,是全面深化前海深港现代服务业合作区改革开放、系统优化深港合作布局的重要举措,也是支持香港经济社会发展、丰富“一国两制”实践的重大战略部署。方案为正处在由乱及治、由治及兴关键时期的香港乘势而上,找准“国家所需”和“香港所长”的交汇点,开辟了更为广阔的舞台。</p>\n<p><b>二是</b>,联动建设国际贸易组合港,实施陆海空多式联运、<a href=\"https://laohu8.com/S/HUBG\">枢纽</a>联动。</p>\n<p><b>三是</b>,集聚国际海洋创新机构,大力发展海洋科技,加快建设现代海洋服务业集聚区,打造以海洋高端<a href=\"https://laohu8.com/S/5RE.SI\">智能</a>设备、海洋工程装备、海洋电子信息(大数据)、海洋新能源、海洋生态环保等为主的海洋科技创新高地。</p>\n<p><b>四是</b>,用好深圳经济特区立法权,研究制定前海合作区投资者保护条例,健全外资和民营企业权益保护机制。</p>\n<p><b>五是</b>,用好深圳区域性国资国企综合改革试验相关政策,加快国有资本运营公司改革试点,加强国有资本市场化专业化运作能力,深入落实政企分开、政资分开原则,维护国有企业市场主体地位和经营自主权,切实增强前海合作区国有经济竞争力、创新力、控制力、影响力、抗风险能力。</p>\n<p><b>六是</b>,推进与港澳跨境政务服务便利化,研究加强在交通、通信、信息、支付等领域与港澳标准和规则衔接。为港澳青年在前海合作区学习、工作、居留、生活、创业、就业等提供便利。支持港澳和国际高水平医院在前海合作区设立机构,提供医疗服务。支持港澳医疗机构集聚发展,建立与港澳接轨的开放便利管理体系。</p>\n<p><b>七是</b>,积极稳妥制定相关制度规范,研究在前海合作区工作、居留的港澳和外籍人士参与前海区域治理途径,探索允许符合条件的港澳和外籍人士担任前海合作区内法定机构职务。</p>\n<p><b>八是</b>,在前海合作区引进港澳及国际知名大学开展高水平合作办学,建设港澳青年教育培训基地。</p>\n<p><b>九是</b>,支持将国家扩大金融业对外开放的政策措施在前海合作区落地实施,在与香港金融市场互联互通、人民币跨境使用、外汇管理便利化等领域先行先试。开展本外币合一银行账户试点,为市场主体提供优质、安全、高效的银行账户服务。支持符合条件的金融机构开展跨境证券投资等业务。</p>\n<p><b>十是</b>,支持<a href=\"https://laohu8.com/S/00388\">香港交易所</a>前海联合交易中心依法合规开展大宗商品现货交易。依托技术监测、预警、处置等手段,提升前海合作区内金融风险防范化解能力。</p>\n<p><b>十一是</b>,各有关部门要加大业务指导和支持力度,按程序将前海合作区既有相关支持政策(企业所得税优惠政策除外)覆盖到本方案明确的全部区域。</p>\n<p>罕见具体提及一家公司</p>\n<p>《方案》提出,支持深圳机场充分利用现有航权,不断与共建“一带一路”国家和地区扩大合作。支持深圳机场口岸建设整车进口口岸。依托深圳国际会展中心,推动会展与科技、产业、旅游、消费的融合发展,打造国际一流系列会展品牌,积极承办主场外交活动。支持“一带一路”新闻合作联盟在前海合作区创新发展。</p>\n<p><b>从以往的类似区域振兴和发展的方案来看,很少具体提及一家上市公司,但此次却点出了深圳机场的重要性。事实上,目前深圳国际会展中心也是由原深圳机场改建而来。由此,足见深圳机场在此次《方案》中扮演的角色并不简单。</b></p>\n<p><img src=\"https://static.tigerbbs.com/1da9f770dc7c51c2cf3f4bfbfecfab1e\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\">截至今年中报,深圳机场共有8万余股东,该股近期表现逐渐走强。但与前述之珠海的股票不同,珠海横琴的事,市场有过预期。但关于此次前海扩区一事,此前坊间的传闻并不多。更不会有人想到深圳机场会被单独提及。因此,可以预期,以深圳机场为首的一些股票,周二可能会迎来行情。</p>\n<p>此外,相比其他机场,今年一季度深圳机场即已实现盈利,期间净利润达4996.57万元。但在今年二季度期间,受5月下旬至6月的广东本土疫情影响,6月份,深圳机场的旅客吞吐量环比大幅下降、并同比转负。深圳机场旅客6月吞吐量为158.94万人次,环比跌幅近60%,较上年同期则下滑约46%。但目前,深圳机场的航线、航班运行均已稳步恢复。</p>\n<p>综合自券商中国等</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>深圳本地股午后持续走强,深圳国际涨8.2%</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深圳本地股午后持续走强,深圳国际涨8.2%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-09-07 13:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>9月7日讯,深圳本地股午后持续走强,<a href=\"https://laohu8.com/S/00152\">深圳国际</a>涨8.2%,<a href=\"https://laohu8.com/S/00604\">深圳控股</a>涨5.6%。</p>\n<p><img src=\"https://static.tigerbbs.com/dac56032037ef9203248c6a8deb7d6b8\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n<p><b>延伸阅读:</b></p>\n<p><b>再放大招!深圳前海合作区扩张7倍!罕见提及这家公司</b></p>\n<p>重磅一个接一个!周日是横琴,周一是前海。</p>\n<p>据新华社9月6日报道,近日,中共中央、国务院印发了《全面深化前海深港现代服务业合作区改革开放方案》(以下称《方案》),并发出通知,要求各地区各部门结合实际认真贯彻落实。<b>据上述《方案》,前海合作区总面积将由14.92平方公里扩展至120.56平方公里,扩张幅度超7倍。</b></p>\n<p>值得一提的是,该《方案》罕见具体提及到一家上市公司:<a href=\"https://laohu8.com/S/000089\">深圳机场</a>。《方案》指出,支持<a href=\"https://laohu8.com/S/000089\">深圳机场</a>充分利用现有航权,不断与共建“一带一路”国家和地区扩大合作。支持深圳机场口岸建设整车进口口岸。依托<a href=\"https://laohu8.com/S/00152\">深圳国际</a>会展中心,推动会展与科技、产业、旅游、消费的融合发展,打造国际一流系列会展品牌,积极承办主场外交活动。支持“一带一路”新闻合作联盟在前海合作区创新发展。</p>\n<p>该《方案》还有许多细节值得一品,来看报道!</p>\n<p>前海大扩容</p>\n<p><b>《方案》指出,进一步扩展前海合作区发展空间。</b>以现有前海合作区为基础,进一步扩展至以下区域:南侧毗邻的蛇口及大小南山片区〔东至后海大道、近海路、爱榕路、招商路、水湾路,南至深圳湾,西至月亮湾大道、珠江口,北至东滨路,包含中国(广东)自由贸易试验区的蛇口区块〕22.89平方公里;北侧毗邻的会展新城及海洋新城片区(东至松福大道,南至福永河,西至海岸线,北至东宝河、沙井北环路)29.36平方公里,机场及周边片区(东至宝安大道,南至金湾大道、宝源路、碧湾路,西至海岸线,北至福永河、松福大道、福洲大道)30.07平方公里,宝安中心区及大铲湾片区(东至宝安大道,南至双界河,西至海岸线,北至金湾大道、宝源路、碧湾路,另包括大小铲岛、孖洲岛)23.32平方公里。</p>\n<p><b>前海合作区总面积由14.92平方公里扩展至120.56平方公里。</b></p>\n<p>其发展目标是,到2025年,建立健全更高层次的开放型经济新体制,初步形成具有全球竞争力的营商环境,高端要素集聚、辐射作用突出的现代服务业蓬勃发展,多轮驱动的创新体系成效突出,对粤港澳大<a href=\"https://laohu8.com/S/00737\">湾区发展</a>的引擎作用日益彰显。</p>\n<p>到2035年,高水平对外开放体制机制更加完善,营商环境达到世界一流水平,建立健全与港澳产业协同联动、市场互联互通、创新驱动支撑的发展模式,建成全球资源配置能力强、创新策源能力强、协同发展带动能力强的高质量发展引擎,改革创新经验得到广泛推广。</p>\n<p>十一大细节</p>\n<p><b>一是</b>,《方案》开篇即突出了香港。开发建设前海深港现代服务业合作区(以下简称前海合作区)是支持香港经济社会发展、提升粤港澳合作水平、构建对外开放新格局的重要举措,对增强香港同胞对祖国的向心力具有重要意义。</p>\n<p>中央人民政府驻香港特别行政区联络办公室发言人9月6日发表谈话表示,中央公布的《全面深化前海深港现代服务业合作区改革开放方案》,是全面深化前海深港现代服务业合作区改革开放、系统优化深港合作布局的重要举措,也是支持香港经济社会发展、丰富“一国两制”实践的重大战略部署。方案为正处在由乱及治、由治及兴关键时期的香港乘势而上,找准“国家所需”和“香港所长”的交汇点,开辟了更为广阔的舞台。</p>\n<p><b>二是</b>,联动建设国际贸易组合港,实施陆海空多式联运、<a href=\"https://laohu8.com/S/HUBG\">枢纽</a>联动。</p>\n<p><b>三是</b>,集聚国际海洋创新机构,大力发展海洋科技,加快建设现代海洋服务业集聚区,打造以海洋高端<a href=\"https://laohu8.com/S/5RE.SI\">智能</a>设备、海洋工程装备、海洋电子信息(大数据)、海洋新能源、海洋生态环保等为主的海洋科技创新高地。</p>\n<p><b>四是</b>,用好深圳经济特区立法权,研究制定前海合作区投资者保护条例,健全外资和民营企业权益保护机制。</p>\n<p><b>五是</b>,用好深圳区域性国资国企综合改革试验相关政策,加快国有资本运营公司改革试点,加强国有资本市场化专业化运作能力,深入落实政企分开、政资分开原则,维护国有企业市场主体地位和经营自主权,切实增强前海合作区国有经济竞争力、创新力、控制力、影响力、抗风险能力。</p>\n<p><b>六是</b>,推进与港澳跨境政务服务便利化,研究加强在交通、通信、信息、支付等领域与港澳标准和规则衔接。为港澳青年在前海合作区学习、工作、居留、生活、创业、就业等提供便利。支持港澳和国际高水平医院在前海合作区设立机构,提供医疗服务。支持港澳医疗机构集聚发展,建立与港澳接轨的开放便利管理体系。</p>\n<p><b>七是</b>,积极稳妥制定相关制度规范,研究在前海合作区工作、居留的港澳和外籍人士参与前海区域治理途径,探索允许符合条件的港澳和外籍人士担任前海合作区内法定机构职务。</p>\n<p><b>八是</b>,在前海合作区引进港澳及国际知名大学开展高水平合作办学,建设港澳青年教育培训基地。</p>\n<p><b>九是</b>,支持将国家扩大金融业对外开放的政策措施在前海合作区落地实施,在与香港金融市场互联互通、人民币跨境使用、外汇管理便利化等领域先行先试。开展本外币合一银行账户试点,为市场主体提供优质、安全、高效的银行账户服务。支持符合条件的金融机构开展跨境证券投资等业务。</p>\n<p><b>十是</b>,支持<a href=\"https://laohu8.com/S/00388\">香港交易所</a>前海联合交易中心依法合规开展大宗商品现货交易。依托技术监测、预警、处置等手段,提升前海合作区内金融风险防范化解能力。</p>\n<p><b>十一是</b>,各有关部门要加大业务指导和支持力度,按程序将前海合作区既有相关支持政策(企业所得税优惠政策除外)覆盖到本方案明确的全部区域。</p>\n<p>罕见具体提及一家公司</p>\n<p>《方案》提出,支持深圳机场充分利用现有航权,不断与共建“一带一路”国家和地区扩大合作。支持深圳机场口岸建设整车进口口岸。依托深圳国际会展中心,推动会展与科技、产业、旅游、消费的融合发展,打造国际一流系列会展品牌,积极承办主场外交活动。支持“一带一路”新闻合作联盟在前海合作区创新发展。</p>\n<p><b>从以往的类似区域振兴和发展的方案来看,很少具体提及一家上市公司,但此次却点出了深圳机场的重要性。事实上,目前深圳国际会展中心也是由原深圳机场改建而来。由此,足见深圳机场在此次《方案》中扮演的角色并不简单。</b></p>\n<p><img src=\"https://static.tigerbbs.com/1da9f770dc7c51c2cf3f4bfbfecfab1e\" tg-width=\"840\" tg-height=\"470\" width=\"100%\" height=\"auto\">截至今年中报,深圳机场共有8万余股东,该股近期表现逐渐走强。但与前述之珠海的股票不同,珠海横琴的事,市场有过预期。但关于此次前海扩区一事,此前坊间的传闻并不多。更不会有人想到深圳机场会被单独提及。因此,可以预期,以深圳机场为首的一些股票,周二可能会迎来行情。</p>\n<p>此外,相比其他机场,今年一季度深圳机场即已实现盈利,期间净利润达4996.57万元。但在今年二季度期间,受5月下旬至6月的广东本土疫情影响,6月份,深圳机场的旅客吞吐量环比大幅下降、并同比转负。深圳机场旅客6月吞吐量为158.94万人次,环比跌幅近60%,较上年同期则下滑约46%。但目前,深圳机场的航线、航班运行均已稳步恢复。</p>\n<p>综合自券商中国等</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/3b1fa7bb04384f7ab6eb48e371478657","relate_stocks":{"000089":"深圳机场","00152":"深圳国际","00604":"深圳控股"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2165338208","content_text":"9月7日讯,深圳本地股午后持续走强,深圳国际涨8.2%,深圳控股涨5.6%。\n\n延伸阅读:\n再放大招!深圳前海合作区扩张7倍!罕见提及这家公司\n重磅一个接一个!周日是横琴,周一是前海。\n据新华社9月6日报道,近日,中共中央、国务院印发了《全面深化前海深港现代服务业合作区改革开放方案》(以下称《方案》),并发出通知,要求各地区各部门结合实际认真贯彻落实。据上述《方案》,前海合作区总面积将由14.92平方公里扩展至120.56平方公里,扩张幅度超7倍。\n值得一提的是,该《方案》罕见具体提及到一家上市公司:深圳机场。《方案》指出,支持深圳机场充分利用现有航权,不断与共建“一带一路”国家和地区扩大合作。支持深圳机场口岸建设整车进口口岸。依托深圳国际会展中心,推动会展与科技、产业、旅游、消费的融合发展,打造国际一流系列会展品牌,积极承办主场外交活动。支持“一带一路”新闻合作联盟在前海合作区创新发展。\n该《方案》还有许多细节值得一品,来看报道!\n前海大扩容\n《方案》指出,进一步扩展前海合作区发展空间。以现有前海合作区为基础,进一步扩展至以下区域:南侧毗邻的蛇口及大小南山片区〔东至后海大道、近海路、爱榕路、招商路、水湾路,南至深圳湾,西至月亮湾大道、珠江口,北至东滨路,包含中国(广东)自由贸易试验区的蛇口区块〕22.89平方公里;北侧毗邻的会展新城及海洋新城片区(东至松福大道,南至福永河,西至海岸线,北至东宝河、沙井北环路)29.36平方公里,机场及周边片区(东至宝安大道,南至金湾大道、宝源路、碧湾路,西至海岸线,北至福永河、松福大道、福洲大道)30.07平方公里,宝安中心区及大铲湾片区(东至宝安大道,南至双界河,西至海岸线,北至金湾大道、宝源路、碧湾路,另包括大小铲岛、孖洲岛)23.32平方公里。\n前海合作区总面积由14.92平方公里扩展至120.56平方公里。\n其发展目标是,到2025年,建立健全更高层次的开放型经济新体制,初步形成具有全球竞争力的营商环境,高端要素集聚、辐射作用突出的现代服务业蓬勃发展,多轮驱动的创新体系成效突出,对粤港澳大湾区发展的引擎作用日益彰显。\n到2035年,高水平对外开放体制机制更加完善,营商环境达到世界一流水平,建立健全与港澳产业协同联动、市场互联互通、创新驱动支撑的发展模式,建成全球资源配置能力强、创新策源能力强、协同发展带动能力强的高质量发展引擎,改革创新经验得到广泛推广。\n十一大细节\n一是,《方案》开篇即突出了香港。开发建设前海深港现代服务业合作区(以下简称前海合作区)是支持香港经济社会发展、提升粤港澳合作水平、构建对外开放新格局的重要举措,对增强香港同胞对祖国的向心力具有重要意义。\n中央人民政府驻香港特别行政区联络办公室发言人9月6日发表谈话表示,中央公布的《全面深化前海深港现代服务业合作区改革开放方案》,是全面深化前海深港现代服务业合作区改革开放、系统优化深港合作布局的重要举措,也是支持香港经济社会发展、丰富“一国两制”实践的重大战略部署。方案为正处在由乱及治、由治及兴关键时期的香港乘势而上,找准“国家所需”和“香港所长”的交汇点,开辟了更为广阔的舞台。\n二是,联动建设国际贸易组合港,实施陆海空多式联运、枢纽联动。\n三是,集聚国际海洋创新机构,大力发展海洋科技,加快建设现代海洋服务业集聚区,打造以海洋高端智能设备、海洋工程装备、海洋电子信息(大数据)、海洋新能源、海洋生态环保等为主的海洋科技创新高地。\n四是,用好深圳经济特区立法权,研究制定前海合作区投资者保护条例,健全外资和民营企业权益保护机制。\n五是,用好深圳区域性国资国企综合改革试验相关政策,加快国有资本运营公司改革试点,加强国有资本市场化专业化运作能力,深入落实政企分开、政资分开原则,维护国有企业市场主体地位和经营自主权,切实增强前海合作区国有经济竞争力、创新力、控制力、影响力、抗风险能力。\n六是,推进与港澳跨境政务服务便利化,研究加强在交通、通信、信息、支付等领域与港澳标准和规则衔接。为港澳青年在前海合作区学习、工作、居留、生活、创业、就业等提供便利。支持港澳和国际高水平医院在前海合作区设立机构,提供医疗服务。支持港澳医疗机构集聚发展,建立与港澳接轨的开放便利管理体系。\n七是,积极稳妥制定相关制度规范,研究在前海合作区工作、居留的港澳和外籍人士参与前海区域治理途径,探索允许符合条件的港澳和外籍人士担任前海合作区内法定机构职务。\n八是,在前海合作区引进港澳及国际知名大学开展高水平合作办学,建设港澳青年教育培训基地。\n九是,支持将国家扩大金融业对外开放的政策措施在前海合作区落地实施,在与香港金融市场互联互通、人民币跨境使用、外汇管理便利化等领域先行先试。开展本外币合一银行账户试点,为市场主体提供优质、安全、高效的银行账户服务。支持符合条件的金融机构开展跨境证券投资等业务。\n十是,支持香港交易所前海联合交易中心依法合规开展大宗商品现货交易。依托技术监测、预警、处置等手段,提升前海合作区内金融风险防范化解能力。\n十一是,各有关部门要加大业务指导和支持力度,按程序将前海合作区既有相关支持政策(企业所得税优惠政策除外)覆盖到本方案明确的全部区域。\n罕见具体提及一家公司\n《方案》提出,支持深圳机场充分利用现有航权,不断与共建“一带一路”国家和地区扩大合作。支持深圳机场口岸建设整车进口口岸。依托深圳国际会展中心,推动会展与科技、产业、旅游、消费的融合发展,打造国际一流系列会展品牌,积极承办主场外交活动。支持“一带一路”新闻合作联盟在前海合作区创新发展。\n从以往的类似区域振兴和发展的方案来看,很少具体提及一家上市公司,但此次却点出了深圳机场的重要性。事实上,目前深圳国际会展中心也是由原深圳机场改建而来。由此,足见深圳机场在此次《方案》中扮演的角色并不简单。\n截至今年中报,深圳机场共有8万余股东,该股近期表现逐渐走强。但与前述之珠海的股票不同,珠海横琴的事,市场有过预期。但关于此次前海扩区一事,此前坊间的传闻并不多。更不会有人想到深圳机场会被单独提及。因此,可以预期,以深圳机场为首的一些股票,周二可能会迎来行情。\n此外,相比其他机场,今年一季度深圳机场即已实现盈利,期间净利润达4996.57万元。但在今年二季度期间,受5月下旬至6月的广东本土疫情影响,6月份,深圳机场的旅客吞吐量环比大幅下降、并同比转负。深圳机场旅客6月吞吐量为158.94万人次,环比跌幅近60%,较上年同期则下滑约46%。但目前,深圳机场的航线、航班运行均已稳步恢复。\n综合自券商中国等","news_type":1},"isVote":1,"tweetType":1,"viewCount":42,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":838191116,"gmtCreate":1629379823735,"gmtModify":1676530021256,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"Why not?","listText":"Why not?","text":"Why not?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/838191116","repostId":"1122010518","repostType":4,"repost":{"id":"1122010518","pubTimestamp":1629378862,"share":"https://ttm.financial/m/news/1122010518?lang=&edition=fundamental","pubTime":"2021-08-19 21:14","market":"us","language":"zh","title":"美股会被美联储吓倒吗?是不是反应过度了","url":"https://stock-news.laohu8.com/highlight/detail?id=1122010518","media":"英为财情","summary":"美联储会议纪要特别强调了缩债决定是与加息时机无关的。","content":"<p><b>作者:潘奕衡</b></p>\n<p>北京时间周四凌晨,美联储公布7月会议纪要。美联储在这次会议上表示对美国经济复苏仍有信心,尽管Delta变种病毒正导致病例增加。官员们还继续为最终结束每月1,200亿美元的公债和抵押贷款支持证券(MBS)购买计划做准备。</p>\n<p>首先可以肯定的是,美联储在7月货币政策会议上首次明确讨论了缩减购债,同时纪要显示多数联储决策者认为,若经济复苏符合预期,今年晚些时候将放慢每月购买1,200亿美元公债和抵押支持证券(MBS)的步伐。</p>\n<p>但是需要特别强调的是,美联储决策者们对于何时开启缩减购债规模依然存在分歧,有些官员认为应该很快减少并结束购债,有的人认为美联储应该耐心等待就业市场更充分地恢复。需要特别指出的是,美联储会议纪要特别强调了缩债决定是与加息时机无关的。</p>\n<p><b>美股反应过度?</b></p>\n<p>所以,在我们看来这是一份较为鸽派的会议纪要,按道理来讲应该对美股是有一定的利好才对,但是事实正好相反,美国主要股指全线下跌。</p>\n<p>数据显示,道琼斯工业平均指数下跌382.59点,或1.08%,报34,960.69点;美国标准普尔500指数下跌47.81点,或1.07%,报4,400.27点;纳斯达克综合指数下跌130.27点,或0.89%,报14,525.91点。</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3b7d11ce0f70bd47ce30dfdffe3d9d49\" tg-width=\"1844\" tg-height=\"828\" width=\"100%\" height=\"auto\"><span>道琼斯工业指数、标普500、纳斯达克综合指数5分钟图,来源:Investing.com</span></p>\n<p>看起来似乎是美股有些反应过度了。相比于很多鹰派美联储官员要求的在9月份宣布缩减资产购买,本次会议纪要已经算是比较鸽派的。我们在上一篇文章<b>“恐怖数据”暗藏杀机,美股达摩克利斯之剑高悬</b>中也有提及,目前美联储缩减购债还有一段距离,加息更是可能要到2022年底甚至2023年,对于美股来讲还是有一定的缓冲期的。</p>\n<p><b>汇市债市解读相反</b></p>\n<p>相比股市,外汇市场和国债市场的反应就比较正常。美元指数期货在纪要发布后一度跳水逾30个基点,刷新日内低位至92.94,不过稍后就收回了全部跌幅,并继续上扬,主要还是受避险情绪的支撑。而美国十年期国债收益率在消息公布后一直处于下跌走势。由此可见,这两个市场对会议纪要的解读是鸽派的。</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/247faa7cfcb47625927de30b18959310\" tg-width=\"1850\" tg-height=\"821\" width=\"100%\" height=\"auto\"><span>美元指数期货5分钟图,来源:Investing.com</span></p>\n<p><b>总结</b></p>\n<p>美股真的反应过度了吗?也许是市场对美联储的解读不同,也许是美股真的有点“恐高”了。美股的牛市已经持续了很长一段时间,整个市场都在赚钱,不论你是散户还是投行或者对冲基金,所有人都在赚钱。</p>\n<p>三大股指不断的刷新历史新高,标准普尔500指数有望在今年创下78个收盘新高纪录,这将超过 1995 年创下的 77 个。近期防御类股票和避险资产频频受到市场的追捧,或许投资者们都在小心翼翼的提防着随时可能出现的泡沫破灭。</p>","source":"ywcq","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>美股会被美联储吓倒吗?是不是反应过度了</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美股会被美联储吓倒吗?是不是反应过度了\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-19 21:14 北京时间 <a href=https://cn.investing.com/analysis/article-200466777><strong>英为财情</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>作者:潘奕衡\n北京时间周四凌晨,美联储公布7月会议纪要。美联储在这次会议上表示对美国经济复苏仍有信心,尽管Delta变种病毒正导致病例增加。官员们还继续为最终结束每月1,200亿美元的公债和抵押贷款支持证券(MBS)购买计划做准备。\n首先可以肯定的是,美联储在7月货币政策会议上首次明确讨论了缩减购债,同时纪要显示多数联储决策者认为,若经济复苏符合预期,今年晚些时候将放慢每月购买1,200亿美元公债...</p>\n\n<a href=\"https://cn.investing.com/analysis/article-200466777\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/8563c55eda230bf12ce63dc5314b95d0","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://cn.investing.com/analysis/article-200466777","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1122010518","content_text":"作者:潘奕衡\n北京时间周四凌晨,美联储公布7月会议纪要。美联储在这次会议上表示对美国经济复苏仍有信心,尽管Delta变种病毒正导致病例增加。官员们还继续为最终结束每月1,200亿美元的公债和抵押贷款支持证券(MBS)购买计划做准备。\n首先可以肯定的是,美联储在7月货币政策会议上首次明确讨论了缩减购债,同时纪要显示多数联储决策者认为,若经济复苏符合预期,今年晚些时候将放慢每月购买1,200亿美元公债和抵押支持证券(MBS)的步伐。\n但是需要特别强调的是,美联储决策者们对于何时开启缩减购债规模依然存在分歧,有些官员认为应该很快减少并结束购债,有的人认为美联储应该耐心等待就业市场更充分地恢复。需要特别指出的是,美联储会议纪要特别强调了缩债决定是与加息时机无关的。\n美股反应过度?\n所以,在我们看来这是一份较为鸽派的会议纪要,按道理来讲应该对美股是有一定的利好才对,但是事实正好相反,美国主要股指全线下跌。\n数据显示,道琼斯工业平均指数下跌382.59点,或1.08%,报34,960.69点;美国标准普尔500指数下跌47.81点,或1.07%,报4,400.27点;纳斯达克综合指数下跌130.27点,或0.89%,报14,525.91点。\n道琼斯工业指数、标普500、纳斯达克综合指数5分钟图,来源:Investing.com\n看起来似乎是美股有些反应过度了。相比于很多鹰派美联储官员要求的在9月份宣布缩减资产购买,本次会议纪要已经算是比较鸽派的。我们在上一篇文章“恐怖数据”暗藏杀机,美股达摩克利斯之剑高悬中也有提及,目前美联储缩减购债还有一段距离,加息更是可能要到2022年底甚至2023年,对于美股来讲还是有一定的缓冲期的。\n汇市债市解读相反\n相比股市,外汇市场和国债市场的反应就比较正常。美元指数期货在纪要发布后一度跳水逾30个基点,刷新日内低位至92.94,不过稍后就收回了全部跌幅,并继续上扬,主要还是受避险情绪的支撑。而美国十年期国债收益率在消息公布后一直处于下跌走势。由此可见,这两个市场对会议纪要的解读是鸽派的。\n美元指数期货5分钟图,来源:Investing.com\n总结\n美股真的反应过度了吗?也许是市场对美联储的解读不同,也许是美股真的有点“恐高”了。美股的牛市已经持续了很长一段时间,整个市场都在赚钱,不论你是散户还是投行或者对冲基金,所有人都在赚钱。\n三大股指不断的刷新历史新高,标准普尔500指数有望在今年创下78个收盘新高纪录,这将超过 1995 年创下的 77 个。近期防御类股票和避险资产频频受到市场的追捧,或许投资者们都在小心翼翼的提防着随时可能出现的泡沫破灭。","news_type":1},"isVote":1,"tweetType":1,"viewCount":97,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"content":"everything is possible","text":"everything is possible","html":"everything is possible"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":114638276,"gmtCreate":1623071558895,"gmtModify":1704195417894,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"So run now?","listText":"So run now?","text":"So run now?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/114638276","repostId":"1126396501","repostType":4,"repost":{"id":"1126396501","pubTimestamp":1623066356,"share":"https://ttm.financial/m/news/1126396501?lang=&edition=fundamental","pubTime":"2021-06-07 19:45","market":"us","language":"en","title":"Amazon, Google and Facebook will be hit hard by the G-7 tax deal. Here’s how they responded","url":"https://stock-news.laohu8.com/highlight/detail?id=1126396501","media":"cnbc","summary":"KEY POINTSThe G-7 backed a U.S. proposal that calls for corporations around the world to pay a minim","content":"<div>\n<p>KEY POINTSThe G-7 backed a U.S. proposal that calls for corporations around the world to pay a minimum 15% tax on profits.The reforms, if finalized, would affect the largest companies in the world ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/07/g-7-tax-deal-amazon-google-and-facebook-respond-.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>Amazon, Google and Facebook will be hit hard by the G-7 tax deal. Here’s how they responded</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, Google and Facebook will be hit hard by the G-7 tax deal. Here’s how they responded\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-07 19:45 GMT+8 <a href=https://www.cnbc.com/2021/06/07/g-7-tax-deal-amazon-google-and-facebook-respond-.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTSThe G-7 backed a U.S. proposal that calls for corporations around the world to pay a minimum 15% tax on profits.The reforms, if finalized, would affect the largest companies in the world ...</p>\n\n<a href=\"https://www.cnbc.com/2021/06/07/g-7-tax-deal-amazon-google-and-facebook-respond-.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GOOG":"谷歌","GOOGL":"谷歌A","AMZN":"亚马逊"},"source_url":"https://www.cnbc.com/2021/06/07/g-7-tax-deal-amazon-google-and-facebook-respond-.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1126396501","content_text":"KEY POINTSThe G-7 backed a U.S. proposal that calls for corporations around the world to pay a minimum 15% tax on profits.The reforms, if finalized, would affect the largest companies in the world with profit margins of at least 10%.Amazon, Facebook and Google have all welcomed the historic agreement.The world’s biggest tech companies are facing a corporate tax avoidance crackdown after the Group of Seven most developed economies agreed a historic deal Saturday.The G-7 backed a U.S. proposal that calls for corporations around the world to pay a minimum 15% tax on profits. The reforms, if finalized, would affect the largest companies in the world with profit margins of at least 10%.Looking ahead, the G-7 hopes to achieve a wider agreement on the new tax proposals next month at a gathering of the expanded G-20 finance ministers.Asked whetherAmazonandFacebookwould be among the companies targeted by the proposal, U.S. Treasury Secretary Janet Yellen said she believes they would \"qualify by almost any definition.\"Here's how America's tech giants reacted to the news:AmazonAmazon said the agreement \"marks a welcome step forward\" in efforts to \"bring stability to the international tax system.\"\"We hope to see discussions continue to advance with the broader G20 and Inclusive Framework alliance,\" an Amazon spokesperson told CNBC by email.FacebookNick Clegg, Facebook's vice president for global affairs, welcomed the G-7 deal and said the social networking giant \"has long called for reform of the global tax rules.\"The agreement is a \"significant first step towards certainty for businesses and strengthening public confidence in the global tax system,\" Clegg tweeted Saturday.\"We want the international tax reform process to succeed and recognize this could mean Facebook paying more tax, and in different places.\"GoogleA spokesperson forGoogletold Sky Newsthat the company strongly supported the initiative and hoped for a \"balanced and durable\" agreement.Applewasn't immediately available for a comment on the G-7 agreement when contacted by CNBC.The tech tax debateTech giants have long been criticized for paying little in taxes despite their size. Amazon and other companies have been accused of avoiding tax by shifting revenue and profits through tax havens or low-tax countries. The companies insist they’re doing nothing wrong from a legal standpoint, which is why policymakers are calling for reforms.Amazon infamously paid no U.S. federal income tax in 2018, despite booking more than $11 billion in profits. The low tax bill stemmed largely from tax cuts in 2017, carryforward losses from years when the company wasn’t profitable, and tax credits for massive research and development investment and share-based employee compensation.Some countries, such as Britain, France and Italy, have introduced a digital services tax in an effort to rake in more cash from large tech firms. The aim was to implement a solution for the interim while global officials hash out details for international tax rules.But this has led to friction with the United States, which under President Donald Trump’s administration threatened to impose tariffs on French goods over the issue.Meanwhile, some analysts have argued the dealdoesn’t go far enough, while others said there was a long road ahead.George Dibb, head of the Centre for Economic Justice at the London-based Institute for Public Policy Research (IPPR), described the deal as a “major step forward,” but said there were still “big questions” surrounding the minimum tax level.“We would like to see something a lot closer to 25%,” he told CNBC Monday.“The Biden administration came into these negotiations with an opening offer of 21% but I think the big fight at the G-7 over Friday and Saturday was over the wording, about whether it would say ’15%′ or ‘at least 15%’ and because we have that wording now of ‘at least 15%’ the door is still open for negotiation,” he told Squawk Box Europe.","news_type":1},"isVote":1,"tweetType":1,"viewCount":64,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198131189,"gmtCreate":1620945168741,"gmtModify":1704350753736,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"Bubble ??","listText":"Bubble ??","text":"Bubble ??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/198131189","repostId":"1116555518","repostType":4,"repost":{"id":"1116555518","pubTimestamp":1620913985,"share":"https://ttm.financial/m/news/1116555518?lang=&edition=fundamental","pubTime":"2021-05-13 21:53","market":"us","language":"en","title":"Why everyone from Elon Musk to Janet Yellen is worried about bitcoin’s energy usage","url":"https://stock-news.laohu8.com/highlight/detail?id=1116555518","media":"cnbc","summary":"KEY POINTS\n\nElon Musk said Tesla had halted purchases of vehicles with bitcoin due to concerns over ","content":"<div>\n<p>KEY POINTS\n\nElon Musk said Tesla had halted purchases of vehicles with bitcoin due to concerns over the “rapidly increasing use of fossil fuels for bitcoin mining.”\nThe cryptocurrency uses more energy...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/13/why-elon-musk-is-worried-about-bitcoin-environmental-impact.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>Why everyone from Elon Musk to Janet Yellen is worried about bitcoin’s energy usage</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\">\nWhy everyone from Elon Musk to Janet Yellen is worried about bitcoin’s energy usage\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-13 21:53 GMT+8 <a href=https://www.cnbc.com/2021/05/13/why-elon-musk-is-worried-about-bitcoin-environmental-impact.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nElon Musk said Tesla had halted purchases of vehicles with bitcoin due to concerns over the “rapidly increasing use of fossil fuels for bitcoin mining.”\nThe cryptocurrency uses more energy...</p>\n\n<a href=\"https://www.cnbc.com/2021/05/13/why-elon-musk-is-worried-about-bitcoin-environmental-impact.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.cnbc.com/2021/05/13/why-elon-musk-is-worried-about-bitcoin-environmental-impact.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1116555518","content_text":"KEY POINTS\n\nElon Musk said Tesla had halted purchases of vehicles with bitcoin due to concerns over the “rapidly increasing use of fossil fuels for bitcoin mining.”\nThe cryptocurrency uses more energy than entire countries such as Sweden and Malaysia, according to researchers.\nTreasury Secretary Janet Yellen has also warned about bitcoin’s environmental impact, saying it uses a “staggering” amount of power.\n\nElon Musk’sdecision to stopTeslafrom acceptingbitcoinas payment has led to fresh scrutiny of the cryptocurrency’s environmental impact.\nMusksaid Wednesdaythat Tesla had halted purchases of its vehicles with bitcoin due to concerns over the “rapidly increasing use of fossil fuels for bitcoin mining.”\nHe alluded to data from researchers at Cambridge University which shows bitcoin’s electricity usage spiking this year.\nTesla won't sell its bitcoin — the automaker is sitting on$2.5 billion worthof the digital coin — and Musk said it intends to resume transactions with bitcoin once mining \"transitions to more sustainable energy.\"\n\"We are also looking at other cryptocurrencies that use <1% of Bitcoin's energy/transaction,\" Musk said.\nMusk's comments roiled cryptocurrency markets, which haveshed as much as $365.85 billion in valuesince his tweet.\nWhy is Musk worried?\nCritics ofbitcoinhave long been wary of its impact on the environment. The cryptocurrency uses more energy than entire countries such as Sweden and Malaysia, according to the Cambridge Bitcoin Electricity Consumption Index.\nTo understand why bitcoin is so energy-intensive, you have to look at its underlying technology, the blockchain.\nBitcoin's public ledger is decentralized, meaning it isn't controlled by any single authority. It's constantly being updated by a network of computers around the world.\nSo-called miners run purpose-built computers to solve complex math puzzles in order to make a transaction go through. This is the only way to mint new bitcoins.\nMiners do not run this operation for free. They have to shell out huge sums on specialized equipment. A key incentive of bitcoin's model, known as \"proof of work,\" is the promise of being rewarded in some bitcoin if you manage to solve its complex hashing algorithm.\nIt's worth noting thatdogecoin, which has risen wildly in price lately on the back of support from Musk, also uses a proof-of-work mechanism.\nCarol Alexander, a professor at the University of Sussex Business School, explains that bitcoin's mining \"difficulty\" — a measure of the computational effort it takes to mine bitcoin — has been going \"up and up\" over the last three years.\n\"More and more electricity is being used,\" Alexander told CNBC. \"That means that the network difficulty will also be going up (and) more miners are coming in because the hash rate's going up.\"\nBitcoin's price is up almost 70% so far this year. As it goes up in price, the revenue to miners also increases, incentivizing more participants to mine the cryptocurrency.\nMeanwhile, Musk isn't the only one who's worried about the environmental impact of bitcoin. In February, Treasury Secretary Janet Yellen warned that the digital coin is \"extremely inefficient\" for making transactions and uses a \"staggering\" amount of power.\nDoes bitcoin actually harm the environment?\nIt's complicated. On the one hand, bitcoin's network uses anunfathomable amount of energy. Much of the mining of bitcoin is concentrated in China, whose economy is still heavily reliant on coal.\nLast month, a coal mine in the Xinjiang region flooded and shut down. This took nearly a quarter of bitcoin's hash rate — or computing power — offline, according to crypto industry publicationCoinDesk.\nIn March, China's Inner Mongolia region said it wouldshut down cryptocurrency mining operationsin the region due to concerns over energy consumption.\nOn the other side of the debate, bitcoin investors have attempted to push back on the narrative that it's harmful for the environment.\nWhile it's difficult to determine the energy mix that powers bitcoin, some in the crypto industry say miners are incentivized to use renewables as it's getting cheaper to produce them. In China, the province of Sichuan is known to attract miners due to its cheap electricity and rich hydropower resources.\nLast month,Jack Dorsey'sfintech companySquareand Cathie Wood's Ark Invest put out amemoclaiming that bitcoin will actually drive renewable energy innovation. However, critics said they had avested interestin doing so.\nAlexander said the debate around bitcoin's environmental impact was misguided as most transactions with the digital asset aren't happening on the blockchain.\n\"Almost all the trading is not done on the blockchain,\" she said. \"It's done on secondary markets, centralized exchanges. They're not even recorded on the blockchain.\"\nESG concerns\nRegardless of whether bitcoin is actually a polluter or not, the negative connotations around its energy consumption have worried investors conscious of companies' ethical and environmental responsibilities.\nESG, or environmental, social and corporate governance, has become agrowing trendin financial markets, with portfolio managers increasingly incorporating sustainable investments into their strategies.\nSome Tesla shareholders may be worried that the company is betting big on bitcoin while also claiming to be a green energy company.\n\"Bitcoin backers will be wondering where this leaves the future of the cryptocurrency,\" Laith Khalaf, a financial analyst at investment firm AJ Bell, said in a note Thursday.\n\"Environmental matters are an incredibly sensitive subject right now, and Tesla's move might serve as a wake-up call to businesses and consumers using Bitcoin, who hadn't hitherto considered its carbon footprint,\" Khalaf added.\n\"Tesla's decision certainly puts pressure on other big companies who accept Bitcoin to review their practices, because boardrooms will now be wary about getting it in the ear from ESG investors on the shareholder register.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":24,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9005653157,"gmtCreate":1642295806510,"gmtModify":1676533698486,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"666","listText":"666","text":"666","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9005653157","repostId":"1162173816","repostType":4,"repost":{"id":"1162173816","weMediaInfo":{"introduction":"关注中国基金报,即时获取深度理财资讯","home_visible":1,"media_name":"中国基金报","id":"6","head_image":"https://static.tigerbbs.com/13b66b3e97274759989352a7b9f80611"},"pubTimestamp":1642293605,"share":"https://ttm.financial/m/news/1162173816?lang=&edition=fundamental","pubTime":"2022-01-16 08:40","market":"sh","language":"zh","title":"“顶流”来了!谢治宇、邓晓峰…最新调研这些大牛股","url":"https://stock-news.laohu8.com/highlight/detail?id=1162173816","media":"中国基金报","summary":"开年迄今,公募基金正紧锣密鼓对上市公司进行调研,为“春播”布局积极做准备。开年以来仅9个交易日,公募基金调研次数达1644次,较去年同期增36%。多位明星基金经理们积极参与调研,比如胡昕炜近期调研了西","content":"<div>\n<p>开年迄今,公募基金正紧锣密鼓对上市公司进行调研,为“春播”布局积极做准备。开年以来仅9个交易日,公募基金调研次数达1644次,较去年同期增36%。多位明星基金经理们积极参与调研,比如胡昕炜近期调研了西藏矿业,谢治宇调研了普洛药业和江海股份、私募大佬邓晓峰调研东尼电子、冯明远调研京北方、云海金属,赵蓓调研了华东医药、丽珠集团等等。多位基金经理表示,2022年需要把握“业绩为王”主线,对公司真实质地...</p>\n\n<a href=\"\">Web Link</a>\n\n</div>\n","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>“顶流”来了!谢治宇、邓晓峰…最新调研这些大牛股</title>\n<style 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}\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“顶流”来了!谢治宇、邓晓峰…最新调研这些大牛股\n</h2>\n\n<h4 class=\"meta\">\n\n2022-01-16 08:40 北京时间 <strong>中国基金报</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>开年迄今,公募基金正紧锣密鼓对上市公司进行调研,为“春播”布局积极做准备。开年以来仅9个交易日,公募基金调研次数达1644次,较去年同期增36%。多位明星基金经理们积极参与调研,比如胡昕炜近期调研了西藏矿业,谢治宇调研了普洛药业和江海股份、私募大佬邓晓峰调研东尼电子、冯明远调研京北方、云海金属,赵蓓调研了华东医药、丽珠集团等等。多位基金经理表示,2022年需要把握“业绩为王”主线,对公司真实质地...</p>\n\n<a href=\"\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e68f18a297e419bae3cc0320b6d8ff4e","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162173816","content_text":"开年迄今,公募基金正紧锣密鼓对上市公司进行调研,为“春播”布局积极做准备。开年以来仅9个交易日,公募基金调研次数达1644次,较去年同期增36%。多位明星基金经理们积极参与调研,比如胡昕炜近期调研了西藏矿业,谢治宇调研了普洛药业和江海股份、私募大佬邓晓峰调研东尼电子、冯明远调研京北方、云海金属,赵蓓调研了华东医药、丽珠集团等等。多位基金经理表示,2022年需要把握“业绩为王”主线,对公司真实质地层面的调研走访也在加强。开年来公募调研频次较去年增近40%明星基金经理扎堆这些公司尽管2022年开年来的市场调整令很多投资者心生怯意,但机构调研的脚步却未曾停滞。截至1月13日,Wind数据显示,开年以来仅9个交易日,公募基金调研次数达1644次,较去年同期增36%。其中,有4家上市公司获得超50家基金公司的调研。被调研频次最高的容百科技获121家基金调研,此外华东医药和扬杰科技也分别获得73家和95家基金公司调研。从行业分布来看,开年以来,半导体设备、特种化工、电子元件、新能源等板块备受基金公司青睐。此外,一些医药医疗类个股开年受调次数也较多,比如普洛药业、特一药业、泰林生物等。元宇宙风口上的创维数字等公司也成为开年基金公司的调研重点。值得注意的是,开年以来,多位明星基金经理积极调研。根据上市公司公告,兴业基金谢治宇、乔迁等明星基金经理调研了“原料药出口龙头”普洛药业,去年普洛药业股价涨了52%。此外,高毅资产、重阳投资、星石投资、淡水泉投资等知名私募也在现身。谢治宇今年还调研了“国内铝电解电容龙头”江海股份,去年全年该股股价涨幅达162.63%。高毅资产邓晓峰、中欧基金、诺安基金、重阳投资等多家知名结构调研了“金刚线龙头”东尼电子,去年全年该股股价涨幅达84.27%。信达澳银明星基金经理冯明远调研了京北方、云海金属,去年全年云海金属股价涨幅达75%。汇添富“消费一哥”的胡昕炜调研了西藏矿业,去年全年该股股价涨幅达309.32%,此外,易方达基金、中欧基金、汇添富基金等明星公募,人保资产、太保资产、国寿养老等险资也现身。此外,赵蓓调研了华东医药、丽珠集团等等。一位基金行业研究员表示,基金公司的调研方向一定程度上代表了其下一阶段的布局趋势,被调研次数较多的个股及其所属行业可能成为未来一段时间基金行业关注的重点。这也是为何市场对于机构热门调研股较为关注的原因。加强调研走访2022年需要把握“业绩为王”主线对于开年来A股市场开局不利,多位基金经理直言,2022年需要把握“业绩为王”主线,对公司真实质地层面的调研走访也在加强。兴银丰运、兴银兴慧基金经理袁作栋表示,2022年的调研主要围绕着两大思路。一是找过去市场证明过的优秀的产业方向,比如消费和新能源。调研的目的是观察产业发展和公司业务的进展是不是顺利,然后跟公司的市值对比计算,看看是不是到了性价比合适的时候。第二个是自下而上地翻石头,找寻“专精特新”的隐形冠军企业。因为我们对于这些公司的了解还不多,理解也不深刻,所以是以翻石头的心态去调研,翻了10块石头,说不定能找到2个很优质的标的。前海开源基金经理崔宸龙表示,开年来自己做调研是比较多的,需要不断地去调研,挖掘新的投资机会,或者是跟踪行业最新的一个进展的情况。在确定调研目标后,自己会通过线上及线下两种形式调研。线上常见的形式是,在企业定期报告发布后,上市公司组织的电话会议。基金经理在调研前会对该公司历史财务数据、竞争对手概况等信息进行梳理比对,从而确定想要从调研中获取的信息范围。除了线上调研外,线下实地调研更多的是考查企业的资产现状,以及市场趋势和动态,实地调研所获取的信息通常更加客观真实、新鲜。信达澳银基金冯明远表示,调研其实就是通过这些案头工作,来更新被调研的这些公司的变化。在调研中会关注管理层的风格,以及工作思路。实地调研能够更切实的感受企业的文化风格,从而增强中长期的持有信心。他还表示,未来可能会更宽一些,因为随着管理规模的增加,也不能完全集中到一个板块进行投资,还是会根据产品的规模和投研的情况,来合理的配置行业,另外包括个股的分散度,也会做相应的动态调整。沪上一位新能源基金经理表示,2022年初A股市场出现了一定幅度的调整,特别是去年全年领涨的新能源板块出现较大幅度回调,获利回吐是最主要的原因。2022年是好公司的大年,行情将呈现“业绩为王”的特征,业绩优良的好公司有望表现得更好,投资者会更加看重上市公司的盈利增长。","news_type":1},"isVote":1,"tweetType":1,"viewCount":134,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":886933371,"gmtCreate":1631542590893,"gmtModify":1676530571311,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"Not effective?","listText":"Not effective?","text":"Not effective?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/886933371","repostId":"1103332897","repostType":4,"repost":{"id":"1103332897","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1631541565,"share":"https://ttm.financial/m/news/1103332897?lang=&edition=fundamental","pubTime":"2021-09-13 21:59","market":"other","language":"zh","title":"美股抗疫概念股多数走低,Moderna跌超6%","url":"https://stock-news.laohu8.com/highlight/detail?id=1103332897","media":"老虎资讯综合","summary":"9月13日,美股抗疫概念股多数走低,BioNTech、Moderna跌超6%,诺瓦瓦克斯医药跌超3%,Vir Biotechnology、辉瑞跌超2%","content":"<p>9月13日,美股抗疫概念股多数走低,<a href=\"https://laohu8.com/S/BNTX\">BioNTech</a>、<a href=\"https://laohu8.com/S/MRNA\">Moderna</a>跌超6%,<a href=\"https://laohu8.com/S/NVAX\">诺瓦瓦克斯医药</a>跌超3%,<a href=\"https://laohu8.com/S/VIR\">Vir Biotechnology</a>、<a href=\"https://laohu8.com/S/PFE\">辉瑞</a>跌超2%</p>\n<p><img src=\"https://static.tigerbbs.com/20ba4f326d18977ea1e1f8ed524293a6\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/3a7fd12937953b2628f39ce84fbba56d\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>美股抗疫概念股多数走低,Moderna跌超6%</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美股抗疫概念股多数走低,Moderna跌超6%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-09-13 21:59</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>9月13日,美股抗疫概念股多数走低,<a href=\"https://laohu8.com/S/BNTX\">BioNTech</a>、<a href=\"https://laohu8.com/S/MRNA\">Moderna</a>跌超6%,<a href=\"https://laohu8.com/S/NVAX\">诺瓦瓦克斯医药</a>跌超3%,<a href=\"https://laohu8.com/S/VIR\">Vir Biotechnology</a>、<a href=\"https://laohu8.com/S/PFE\">辉瑞</a>跌超2%</p>\n<p><img src=\"https://static.tigerbbs.com/20ba4f326d18977ea1e1f8ed524293a6\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/3a7fd12937953b2628f39ce84fbba56d\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/25bb080e73b6be662c435ea6aeaec9c7","relate_stocks":{"VIR":"Vir Biotechnology, Inc.","PFE":"辉瑞","BNTX":"BioNTech SE","NVAX":"诺瓦瓦克斯医药","MRNA":"Moderna, Inc."},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1103332897","content_text":"9月13日,美股抗疫概念股多数走低,BioNTech、Moderna跌超6%,诺瓦瓦克斯医药跌超3%,Vir Biotechnology、辉瑞跌超2%","news_type":1},"isVote":1,"tweetType":1,"viewCount":78,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890290100,"gmtCreate":1628118609900,"gmtModify":1703501389134,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/890290100","repostId":"2156717176","repostType":4,"repost":{"id":"2156717176","pubTimestamp":1628047054,"share":"https://ttm.financial/m/news/2156717176?lang=&edition=fundamental","pubTime":"2021-08-04 11:17","market":"us","language":"zh","title":"滞涨风险增加!高盛:为美股大幅下跌做好对冲","url":"https://stock-news.laohu8.com/highlight/detail?id=2156717176","media":"华尔街见闻","summary":"美股仍处高位,不过已经有华尔街大行开始警告下跌的风险了。高盛就提醒投资者,市场开始变得相当不稳定了,要关注股票下跌风险,并做好对冲准备。\n高盛策略师Christian Mueller-Glissman","content":"<p>美股仍处高位,不过已经有华尔街大行开始警告下跌的风险了。<a href=\"https://laohu8.com/S/GS\">高盛</a>就提醒投资者,市场开始变得相当不稳定了,要关注股票下跌风险,并做好对冲准备。</p>\n<p>高盛策略师Christian Mueller-Glissmann在最近的一篇研报中表示,标普500指数已经有187天没有出现下跌5%的情况,为过去100年来最长持续时间之一;随着股票和债券越来越贵,多资产组合也变得更容易受到利率和经济增长冲击的影响。</p>\n<p><b>Mueller-Glissmann首先仔细观察了近期的通胀指标,指出盈亏平衡通胀表现优于其他“顺周期”资产。</b>通常来说,这两者在历史上一直是密切相关的;但是近期的表现显示,盈亏平衡通胀与各种历史相关性指标的差异似乎越来越大。</p>\n<p>首先,上周欧洲盈亏平衡通胀(EU breakeven inflation)表现优于周期股等资产(EU Cyclicals vs Defensives)。并且,实际上今年二季度以来就已经出现了这一趋势。</p>\n<p>不仅是欧洲,美国也是如此。去年下半年开始美国盈亏平衡通胀(US breakeves)和顺周期资产(US cyclical vs Defensives)就开始不断脱钩了。</p>\n<p><b>盈亏平衡通胀通常被用于衡量通胀预期。然而需要注意的是,盈亏平衡通胀的上升并没有反映在更重要的实际利率上。</b></p>\n<p>相反,随着盈亏平衡通胀的上升,整个期限结构的实际利率一直在下降,欧洲和美国的10年期实际利率均在近期创下了新低。</p>\n<p><b>对于上述情形,高盛警告,如此低的实际利率水平指向了市场对滞涨风险的定价,而这似乎与经济复苏有些矛盾。</b>在高盛经济学家看来,美国经济复苏大体上处在轨道上,通胀压力最终也会缓解。</p>\n<blockquote>\n 通货再膨胀的核心是债券。债券自6月以来强劲上扬,收益率曲线趋平,不仅暗示了近期经济增长放缓的风险,同时也显示了随着货币和财政支持的消失,新一周期内持续长期停滞的风险。此外,长期限债券收益率下行主要是由实际收益率推动的,而盈亏平衡通胀具有粘性——这表明对滞涨的担忧日益加剧。\n</blockquote>\n<p>对于后市的走势,高盛策略师Mueller-Glissmann表示,市场可能需要一些催化剂来重新定价更高的利率,本周强劲的就业报告可能有助于明晰日后的趋势。</p>\n<p><b>此外,他还警告,股市调整的风险已经增加了。此外,过去6个月,标普500回报率和债券收益率变化之间的差距不断扩大,再加上实际利率已经非常低了,且股票估值非常高,这使得股票更易受到经济增长和利率的冲击。</b></p>\n<p>除了上述原因之外,高盛还在报告中给出了其他理由。</p>\n<p>比如,高盛风险偏好指标(Goldman's Risk Appetite Indicator)近期重挫。从指数组成来看,增长乐观情绪(RAI PC1)仍处于压力之下。这意味着尽管往后看欧洲和美国的财报季总体强劲,但是考虑到美国财政刺激措施开始令人失望,以及新冠疫情拖累了消费,市场仍然不相信在年底和新周期会出现更多积极的增长动力。</p>","source":"wallstreetcn_api","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>滞涨风险增加!高盛:为美股大幅下跌做好对冲</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; 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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滞涨风险增加!高盛:为美股大幅下跌做好对冲\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-04 11:17 北京时间 <a href=https://wallstreetcn.com/articles/3637091><strong>华尔街见闻</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>美股仍处高位,不过已经有华尔街大行开始警告下跌的风险了。高盛就提醒投资者,市场开始变得相当不稳定了,要关注股票下跌风险,并做好对冲准备。\n高盛策略师Christian Mueller-Glissmann在最近的一篇研报中表示,标普500指数已经有187天没有出现下跌5%的情况,为过去100年来最长持续时间之一;随着股票和债券越来越贵,多资产组合也变得更容易受到利率和经济增长冲击的影响。\n...</p>\n\n<a href=\"https://wallstreetcn.com/articles/3637091\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/4b6684517506a0b0f4c4c5a1c4889261","relate_stocks":{"GS":"高盛"},"source_url":"https://wallstreetcn.com/articles/3637091","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2156717176","content_text":"美股仍处高位,不过已经有华尔街大行开始警告下跌的风险了。高盛就提醒投资者,市场开始变得相当不稳定了,要关注股票下跌风险,并做好对冲准备。\n高盛策略师Christian Mueller-Glissmann在最近的一篇研报中表示,标普500指数已经有187天没有出现下跌5%的情况,为过去100年来最长持续时间之一;随着股票和债券越来越贵,多资产组合也变得更容易受到利率和经济增长冲击的影响。\nMueller-Glissmann首先仔细观察了近期的通胀指标,指出盈亏平衡通胀表现优于其他“顺周期”资产。通常来说,这两者在历史上一直是密切相关的;但是近期的表现显示,盈亏平衡通胀与各种历史相关性指标的差异似乎越来越大。\n首先,上周欧洲盈亏平衡通胀(EU breakeven inflation)表现优于周期股等资产(EU Cyclicals vs Defensives)。并且,实际上今年二季度以来就已经出现了这一趋势。\n不仅是欧洲,美国也是如此。去年下半年开始美国盈亏平衡通胀(US breakeves)和顺周期资产(US cyclical vs Defensives)就开始不断脱钩了。\n盈亏平衡通胀通常被用于衡量通胀预期。然而需要注意的是,盈亏平衡通胀的上升并没有反映在更重要的实际利率上。\n相反,随着盈亏平衡通胀的上升,整个期限结构的实际利率一直在下降,欧洲和美国的10年期实际利率均在近期创下了新低。\n对于上述情形,高盛警告,如此低的实际利率水平指向了市场对滞涨风险的定价,而这似乎与经济复苏有些矛盾。在高盛经济学家看来,美国经济复苏大体上处在轨道上,通胀压力最终也会缓解。\n\n 通货再膨胀的核心是债券。债券自6月以来强劲上扬,收益率曲线趋平,不仅暗示了近期经济增长放缓的风险,同时也显示了随着货币和财政支持的消失,新一周期内持续长期停滞的风险。此外,长期限债券收益率下行主要是由实际收益率推动的,而盈亏平衡通胀具有粘性——这表明对滞涨的担忧日益加剧。\n\n对于后市的走势,高盛策略师Mueller-Glissmann表示,市场可能需要一些催化剂来重新定价更高的利率,本周强劲的就业报告可能有助于明晰日后的趋势。\n此外,他还警告,股市调整的风险已经增加了。此外,过去6个月,标普500回报率和债券收益率变化之间的差距不断扩大,再加上实际利率已经非常低了,且股票估值非常高,这使得股票更易受到经济增长和利率的冲击。\n除了上述原因之外,高盛还在报告中给出了其他理由。\n比如,高盛风险偏好指标(Goldman's Risk Appetite Indicator)近期重挫。从指数组成来看,增长乐观情绪(RAI PC1)仍处于压力之下。这意味着尽管往后看欧洲和美国的财报季总体强劲,但是考虑到美国财政刺激措施开始令人失望,以及新冠疫情拖累了消费,市场仍然不相信在年底和新周期会出现更多积极的增长动力。","news_type":1},"isVote":1,"tweetType":1,"viewCount":105,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147256857,"gmtCreate":1626360694779,"gmtModify":1703758722034,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"Really?","listText":"Really?","text":"Really?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/147256857","repostId":"2151217519","repostType":4,"isVote":1,"tweetType":1,"viewCount":57,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":113920371,"gmtCreate":1622591438593,"gmtModify":1704186788913,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"Good news for the world","listText":"Good news for the world","text":"Good news for the world","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/113920371","repostId":"1147781211","repostType":4,"repost":{"id":"1147781211","pubTimestamp":1622560692,"share":"https://ttm.financial/m/news/1147781211?lang=&edition=fundamental","pubTime":"2021-06-01 23:18","market":"sh","language":"en","title":"WHO Clears Second Chinese Covid Vaccine for Wider Global Use","url":"https://stock-news.laohu8.com/highlight/detail?id=1147781211","media":"Bloomberg","summary":"China’s Sinovac Biotech Ltd. received long-awaited World Health Organization authorization of its Co","content":"<p>China’s Sinovac Biotech Ltd. received long-awaited World Health Organization authorization of its Covid-19 vaccine, paving the way for a wider rollout of the controversial shot in countriesscramblingfor a supply of immunizations.</p>\n<p>The WHO recommended its use for people aged 18 and older in a two-dose schedule with a spacing of two to four weeks between shots, according to a statement Tuesday.</p>\n<p>The emergency use listing granted to Sinovac’s shot is the second given to a Chinese Covid vaccine, after state-owned Sinopharm Group Co. secured WHO’s nod for emergency use in early May. They will be additional inoculation options for Covax, a program backed by WHO and other global health groups dedicated to ensuring every country has access to vaccines -- notably poorer nations that have been shut out as wealthier ones snap up most of the world’s existing supply.</p>\n<p>Already cleared for emergency use by the WHO are vaccines fromPfizer Inc.and partner BioNTech SE,AstraZeneca Plc,Johnson & Johnson and Moderna Inc.</p>\n<p><b>Key Support</b></p>\n<p>The WHO’s green light bestows global legitimacy on a Chinese shot that has battled concerns about its efficacy after divergent data was reported from trial sites. It could provide assurance for developing countries that lack their own regulatory bodies and rely on the organization’s advice on which shots are safe to use. Sinovac has shipped 380 million doses to countries and region ranging from Hong Kong to Zimbabwe since late last year.</p>\n<p>The shot, dubbed CoronaVac, has the lowest efficacy rate reported from clinical trials among the frontrunner wave of vaccines: it was found to be just 50.7% effective in preventing symptomatic Covid in a trial in Brazil, barely crossing the minimum threshold required by drug regulators around the world. But real world evidence is emerging that it’s far more effective on the ground: In a recent study of around 130,000 Indonesia health workers, it protected 94% against symptomatic infection, 96% against hospitalization, and 98% against death.</p>\n<p>Infections are also on the rebound in some countries that have rolled out Sinovac locally like Chile, fueling doubt on its effectiveness, though hasty reopenings and the spread of virus variants also play a part in the renewed outbreaks.</p>\n<p>The WHO nod also paves the way for countries to allow travelers who have received Sinovac shots, even if the vaccine isn’t approved for use locally. Ahead of a planned reopening to vaccinated tourists this summer, the European Union said that member countries can consider openingup topeople who have shots approved by the WHO. The company has also started submitting data on a rolling basis to drug regulator the European Medicines Agency.</p>\n<p>The Sinovac vaccine contains the inactive forms of the SARS-CoV-2 viruses, which are injected to stimulate an immune response against the pathogen. Two other similar shots have been developed by China’s Sinopharm, including the one already cleared by WHO. They have all been widely used in the mainland since mid-2020.</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>WHO Clears Second Chinese Covid Vaccine for Wider Global Use</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\">\nWHO Clears Second Chinese Covid Vaccine for Wider Global Use\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-01 23:18 GMT+8 <a href=https://www.bloomberg.com/news/articles/2021-06-01/who-clears-second-chinese-covid-vaccine-for-wider-global-use?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>China’s Sinovac Biotech Ltd. received long-awaited World Health Organization authorization of its Covid-19 vaccine, paving the way for a wider rollout of the controversial shot in ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-01/who-clears-second-chinese-covid-vaccine-for-wider-global-use?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://www.bloomberg.com/news/articles/2021-06-01/who-clears-second-chinese-covid-vaccine-for-wider-global-use?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147781211","content_text":"China’s Sinovac Biotech Ltd. received long-awaited World Health Organization authorization of its Covid-19 vaccine, paving the way for a wider rollout of the controversial shot in countriesscramblingfor a supply of immunizations.\nThe WHO recommended its use for people aged 18 and older in a two-dose schedule with a spacing of two to four weeks between shots, according to a statement Tuesday.\nThe emergency use listing granted to Sinovac’s shot is the second given to a Chinese Covid vaccine, after state-owned Sinopharm Group Co. secured WHO’s nod for emergency use in early May. They will be additional inoculation options for Covax, a program backed by WHO and other global health groups dedicated to ensuring every country has access to vaccines -- notably poorer nations that have been shut out as wealthier ones snap up most of the world’s existing supply.\nAlready cleared for emergency use by the WHO are vaccines fromPfizer Inc.and partner BioNTech SE,AstraZeneca Plc,Johnson & Johnson and Moderna Inc.\nKey Support\nThe WHO’s green light bestows global legitimacy on a Chinese shot that has battled concerns about its efficacy after divergent data was reported from trial sites. It could provide assurance for developing countries that lack their own regulatory bodies and rely on the organization’s advice on which shots are safe to use. Sinovac has shipped 380 million doses to countries and region ranging from Hong Kong to Zimbabwe since late last year.\nThe shot, dubbed CoronaVac, has the lowest efficacy rate reported from clinical trials among the frontrunner wave of vaccines: it was found to be just 50.7% effective in preventing symptomatic Covid in a trial in Brazil, barely crossing the minimum threshold required by drug regulators around the world. But real world evidence is emerging that it’s far more effective on the ground: In a recent study of around 130,000 Indonesia health workers, it protected 94% against symptomatic infection, 96% against hospitalization, and 98% against death.\nInfections are also on the rebound in some countries that have rolled out Sinovac locally like Chile, fueling doubt on its effectiveness, though hasty reopenings and the spread of virus variants also play a part in the renewed outbreaks.\nThe WHO nod also paves the way for countries to allow travelers who have received Sinovac shots, even if the vaccine isn’t approved for use locally. Ahead of a planned reopening to vaccinated tourists this summer, the European Union said that member countries can consider openingup topeople who have shots approved by the WHO. The company has also started submitting data on a rolling basis to drug regulator the European Medicines Agency.\nThe Sinovac vaccine contains the inactive forms of the SARS-CoV-2 viruses, which are injected to stimulate an immune response against the pathogen. Two other similar shots have been developed by China’s Sinopharm, including the one already cleared by WHO. They have all been widely used in the mainland since mid-2020.","news_type":1},"isVote":1,"tweetType":1,"viewCount":58,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":191146063,"gmtCreate":1620866245552,"gmtModify":1704349470553,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"When most people fear, Some will be more greedy?","listText":"When most people fear, Some will be more greedy?","text":"When most people fear, Some will be more greedy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/191146063","repostId":"2135584610","repostType":4,"repost":{"id":"2135584610","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":1620850937,"share":"https://ttm.financial/m/news/2135584610?lang=&edition=fundamental","pubTime":"2021-05-13 04:22","market":"us","language":"en","title":"Wall Street ends with broad sell-off on spiking inflation fears","url":"https://stock-news.laohu8.com/highlight/detail?id=2135584610","media":"Reuters","summary":"* Indexes down: Dow 1.99%, S&P 2.14%, Nasdaq 2.67%. NEW YORK, May 12 - Wall Street closed lower on Wednesday with the S&P suffering its biggest $one$-day percentage drop since February, as inflation data fueled concerns over whether interest rate hikes from the Fed could happen sooner than anticipated.All three major U.S. stock indexes ended the session deep in the red following the Labor Department's April consumer prices report, which showed the biggest rise in nearly 12 years.The report was ","content":"<p>* U.S. consumer prices jump most since June 2009</p><p>* Megacap growth stocks weigh heaviest</p><p>* Energy shares gain as crude climbs</p><p>* Indexes down: Dow 1.99%, S&P 2.14%, Nasdaq 2.67%</p><p>NEW YORK, May 12 (Reuters) - Wall Street closed lower on Wednesday with the S&P suffering its biggest <a href=\"https://laohu8.com/S/AONE\">one</a>-day percentage drop since February, as inflation data fueled concerns over whether interest rate hikes from the Fed could happen sooner than anticipated.</p><p>All three major U.S. stock indexes ended the session deep in the red following the Labor Department's April consumer prices report, which showed the biggest rise in nearly 12 years.</p><p>The report was hotly anticipated by market participants who have grown increasingly worried over whether current price jumps will defy the U.S. Federal Reserve's reassurances by morphing into long-term inflation.</p><p>But pent-up demand from consumers flush with stimulus and savings is colliding with a supply drought, sending commodity prices spiking, while a labor shortage drives wages higher.</p><p>\"The topic on everyone's mind is obviously inflation,\" said Matthew Keator, managing partner in the Keator Group, a wealth management firm in Lenox, Massachusetts. \"It's something the (Fed) has been looking for and they're finally getting their wish.\"</p><p>\"The question is how long will its fires run hot before starting to simmer?\"</p><p>That concern is shared by Stuart Cole, head macro economist at Equiti Capital in London.</p><p>\"Going forward, the big question is just how long can the Fed maintain its dovish stance in opposition to the markets,\" Cole said. \"Particularly if companies begin raising wages to encourage unemployed labor back into the workforce, in turn driving a large hole in the Fed’s transitory inflation argument.\"</p><p>Core consumer prices <a href=\"https://laohu8.com/S/CPI.UK\">$(CPI.UK)$</a>, which exclude volatile food and energy items, grew at 3% year-on-year, shooting above the central bank's average annual 2% inflation growth target.</p><p>The Dow Jones Industrial Averagefell 681.5 points, or 1.99%, to 33,587.66, the S&P 500 lost 89.06 points, or 2.14%, to 4,063.04 and the Nasdaq Composite dropped 357.75 points, or 2.67%, to 13,031.68.</p><p>Of the 11 major sectors in the S&P 500, 10 closed in negative territory, with consumer discretionary down most.</p><p>Energy was the sole gainer, advancing 0.1%, boosted by rising crude prices.</p><p>Market-leading mega-caps, including Amazon.com Inc, Apple Inc, Alphabet In, Microsoft Corp and Tesla Inc, fell between 2% and 3% as investors shied away from what many feel are stretched valuations.</p><p>\"The CPI number being stronger than expected has led to further weakness in tech stocks,\" said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. \"Tech investors are concerned that higher rates are going to lead to multiple compression and less attractive valuations for tech names in a higher rate environment.\"</p><p>The CBOE Volatility index , a gauge of market anxiety, close at 27.64, its highest level since March 4.</p><p>Online dating platform Bumble Inc gained in after-hours trading after posting quarterly results.</p><p>First-quarter earnings season is on the wane, with 456 constituents of the S&P 500 having reported. Of those, 86.8% have beaten consensus estimates, according to Refinitiv IBES.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 6.05-to-1 ratio; on Nasdaq, a 3.84-to-1 ratio favored decliners.</p><p>The S&P 500 posted nine new 52-week highs and no new lows; the Nasdaq Composite recorded 34 new highs and 118 new lows.</p><p>Volume on U.S. exchanges was 11.82 billion shares, compared with the 10.44 billion average over the last 20 trading days.</p><p><b><i>Financial Report</i></b></p><p><a href=\"https://laohu8.com/NW/2135975610\" target=\"_blank\">AppLovin stock wobbles following first public quarterly results</a></p><p><a href=\"https://laohu8.com/NW/2135361078\" target=\"_blank\">Wish stock plunges after earnings, is more than half off the IPO price</a></p><p><a href=\"https://laohu8.com/NW/2135610373\" target=\"_blank\">Poshmark Q1 sales rise 42%, but stock tanks after hours</a></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street ends with broad sell-off on spiking inflation fears</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\">\nWall Street ends with broad sell-off on spiking inflation fears\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-13 04:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>* U.S. consumer prices jump most since June 2009</p><p>* Megacap growth stocks weigh heaviest</p><p>* Energy shares gain as crude climbs</p><p>* Indexes down: Dow 1.99%, S&P 2.14%, Nasdaq 2.67%</p><p>NEW YORK, May 12 (Reuters) - Wall Street closed lower on Wednesday with the S&P suffering its biggest <a href=\"https://laohu8.com/S/AONE\">one</a>-day percentage drop since February, as inflation data fueled concerns over whether interest rate hikes from the Fed could happen sooner than anticipated.</p><p>All three major U.S. stock indexes ended the session deep in the red following the Labor Department's April consumer prices report, which showed the biggest rise in nearly 12 years.</p><p>The report was hotly anticipated by market participants who have grown increasingly worried over whether current price jumps will defy the U.S. Federal Reserve's reassurances by morphing into long-term inflation.</p><p>But pent-up demand from consumers flush with stimulus and savings is colliding with a supply drought, sending commodity prices spiking, while a labor shortage drives wages higher.</p><p>\"The topic on everyone's mind is obviously inflation,\" said Matthew Keator, managing partner in the Keator Group, a wealth management firm in Lenox, Massachusetts. \"It's something the (Fed) has been looking for and they're finally getting their wish.\"</p><p>\"The question is how long will its fires run hot before starting to simmer?\"</p><p>That concern is shared by Stuart Cole, head macro economist at Equiti Capital in London.</p><p>\"Going forward, the big question is just how long can the Fed maintain its dovish stance in opposition to the markets,\" Cole said. \"Particularly if companies begin raising wages to encourage unemployed labor back into the workforce, in turn driving a large hole in the Fed’s transitory inflation argument.\"</p><p>Core consumer prices <a href=\"https://laohu8.com/S/CPI.UK\">$(CPI.UK)$</a>, which exclude volatile food and energy items, grew at 3% year-on-year, shooting above the central bank's average annual 2% inflation growth target.</p><p>The Dow Jones Industrial Averagefell 681.5 points, or 1.99%, to 33,587.66, the S&P 500 lost 89.06 points, or 2.14%, to 4,063.04 and the Nasdaq Composite dropped 357.75 points, or 2.67%, to 13,031.68.</p><p>Of the 11 major sectors in the S&P 500, 10 closed in negative territory, with consumer discretionary down most.</p><p>Energy was the sole gainer, advancing 0.1%, boosted by rising crude prices.</p><p>Market-leading mega-caps, including Amazon.com Inc, Apple Inc, Alphabet In, Microsoft Corp and Tesla Inc, fell between 2% and 3% as investors shied away from what many feel are stretched valuations.</p><p>\"The CPI number being stronger than expected has led to further weakness in tech stocks,\" said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. \"Tech investors are concerned that higher rates are going to lead to multiple compression and less attractive valuations for tech names in a higher rate environment.\"</p><p>The CBOE Volatility index , a gauge of market anxiety, close at 27.64, its highest level since March 4.</p><p>Online dating platform Bumble Inc gained in after-hours trading after posting quarterly results.</p><p>First-quarter earnings season is on the wane, with 456 constituents of the S&P 500 having reported. Of those, 86.8% have beaten consensus estimates, according to Refinitiv IBES.</p><p>Declining issues outnumbered advancing ones on the NYSE by a 6.05-to-1 ratio; on Nasdaq, a 3.84-to-1 ratio favored decliners.</p><p>The S&P 500 posted nine new 52-week highs and no new lows; the Nasdaq Composite recorded 34 new highs and 118 new lows.</p><p>Volume on U.S. exchanges was 11.82 billion shares, compared with the 10.44 billion average over the last 20 trading days.</p><p><b><i>Financial Report</i></b></p><p><a href=\"https://laohu8.com/NW/2135975610\" target=\"_blank\">AppLovin stock wobbles following first public quarterly results</a></p><p><a href=\"https://laohu8.com/NW/2135361078\" target=\"_blank\">Wish stock plunges after earnings, is more than half off the IPO price</a></p><p><a href=\"https://laohu8.com/NW/2135610373\" target=\"_blank\">Poshmark Q1 sales rise 42%, but stock tanks after hours</a></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2135584610","content_text":"* U.S. consumer prices jump most since June 2009* Megacap growth stocks weigh heaviest* Energy shares gain as crude climbs* Indexes down: Dow 1.99%, S&P 2.14%, Nasdaq 2.67%NEW YORK, May 12 (Reuters) - Wall Street closed lower on Wednesday with the S&P suffering its biggest one-day percentage drop since February, as inflation data fueled concerns over whether interest rate hikes from the Fed could happen sooner than anticipated.All three major U.S. stock indexes ended the session deep in the red following the Labor Department's April consumer prices report, which showed the biggest rise in nearly 12 years.The report was hotly anticipated by market participants who have grown increasingly worried over whether current price jumps will defy the U.S. Federal Reserve's reassurances by morphing into long-term inflation.But pent-up demand from consumers flush with stimulus and savings is colliding with a supply drought, sending commodity prices spiking, while a labor shortage drives wages higher.\"The topic on everyone's mind is obviously inflation,\" said Matthew Keator, managing partner in the Keator Group, a wealth management firm in Lenox, Massachusetts. \"It's something the (Fed) has been looking for and they're finally getting their wish.\"\"The question is how long will its fires run hot before starting to simmer?\"That concern is shared by Stuart Cole, head macro economist at Equiti Capital in London.\"Going forward, the big question is just how long can the Fed maintain its dovish stance in opposition to the markets,\" Cole said. \"Particularly if companies begin raising wages to encourage unemployed labor back into the workforce, in turn driving a large hole in the Fed’s transitory inflation argument.\"Core consumer prices $(CPI.UK)$, which exclude volatile food and energy items, grew at 3% year-on-year, shooting above the central bank's average annual 2% inflation growth target.The Dow Jones Industrial Averagefell 681.5 points, or 1.99%, to 33,587.66, the S&P 500 lost 89.06 points, or 2.14%, to 4,063.04 and the Nasdaq Composite dropped 357.75 points, or 2.67%, to 13,031.68.Of the 11 major sectors in the S&P 500, 10 closed in negative territory, with consumer discretionary down most.Energy was the sole gainer, advancing 0.1%, boosted by rising crude prices.Market-leading mega-caps, including Amazon.com Inc, Apple Inc, Alphabet In, Microsoft Corp and Tesla Inc, fell between 2% and 3% as investors shied away from what many feel are stretched valuations.\"The CPI number being stronger than expected has led to further weakness in tech stocks,\" said Michael James, managing director of equity trading at Wedbush Securities in Los Angeles. \"Tech investors are concerned that higher rates are going to lead to multiple compression and less attractive valuations for tech names in a higher rate environment.\"The CBOE Volatility index , a gauge of market anxiety, close at 27.64, its highest level since March 4.Online dating platform Bumble Inc gained in after-hours trading after posting quarterly results.First-quarter earnings season is on the wane, with 456 constituents of the S&P 500 having reported. Of those, 86.8% have beaten consensus estimates, according to Refinitiv IBES.Declining issues outnumbered advancing ones on the NYSE by a 6.05-to-1 ratio; on Nasdaq, a 3.84-to-1 ratio favored decliners.The S&P 500 posted nine new 52-week highs and no new lows; the Nasdaq Composite recorded 34 new highs and 118 new lows.Volume on U.S. exchanges was 11.82 billion shares, compared with the 10.44 billion average over the last 20 trading days.Financial ReportAppLovin stock wobbles following first public quarterly resultsWish stock plunges after earnings, is more than half off the IPO pricePoshmark Q1 sales rise 42%, but stock tanks after hours","news_type":1},"isVote":1,"tweetType":1,"viewCount":79,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9099274169,"gmtCreate":1643378396872,"gmtModify":1676533813218,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"123","listText":"123","text":"123","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9099274169","repostId":"1162884536","repostType":4,"repost":{"id":"1162884536","pubTimestamp":1643375469,"share":"https://ttm.financial/m/news/1162884536?lang=&edition=fundamental","pubTime":"2022-01-28 21:11","market":"sh","language":"zh","title":"牛年行情收官!积极因素汇聚,A股节后可期","url":"https://stock-news.laohu8.com/highlight/detail?id=1162884536","media":"上海证券报","summary":"今天是牛年A股的最后一个交易日。截至收盘,上证指数跌0.97%,深圳成指跌0.53%,创业板指涨0.08%。回顾整个一月行情,三大股指震荡回落,成长风格跌幅靠前。综合来看,热门股估值较高、增量资金不及","content":"<div>\n<p>今天是牛年A股的最后一个交易日。截至收盘,上证指数跌0.97%,深圳成指跌0.53%,创业板指涨0.08%。回顾整个一月行情,三大股指震荡回落,成长风格跌幅靠前。综合来看,热门股估值较高、增量资金不及预期、海外风险因素传导等,均被视作引发市场回落的原因。然而,站在当下时点,机构普遍认为上述风险已被充分消化,同时更多的积极因素正在汇聚,A股“市场底”已近在眼前。经过梳理,近期A股市场的积极变化大致可...</p>\n\n<a href=\"https://mp.weixin.qq.com/s/BsNs3iAGVx7BS6rfdzZlsw\">Web Link</a>\n\n</div>\n","source":"shzqb","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>牛年行情收官!积极因素汇聚,A股节后可期</title>\n<style 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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牛年行情收官!积极因素汇聚,A股节后可期\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-01-28 21:11 北京时间 <a href=https://mp.weixin.qq.com/s/BsNs3iAGVx7BS6rfdzZlsw><strong>上海证券报</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>今天是牛年A股的最后一个交易日。截至收盘,上证指数跌0.97%,深圳成指跌0.53%,创业板指涨0.08%。回顾整个一月行情,三大股指震荡回落,成长风格跌幅靠前。综合来看,热门股估值较高、增量资金不及预期、海外风险因素传导等,均被视作引发市场回落的原因。然而,站在当下时点,机构普遍认为上述风险已被充分消化,同时更多的积极因素正在汇聚,A股“市场底”已近在眼前。经过梳理,近期A股市场的积极变化大致可...</p>\n\n<a href=\"https://mp.weixin.qq.com/s/BsNs3iAGVx7BS6rfdzZlsw\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ebb146d9df27844cb787ad545c50986d","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"source_url":"https://mp.weixin.qq.com/s/BsNs3iAGVx7BS6rfdzZlsw","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1162884536","content_text":"今天是牛年A股的最后一个交易日。截至收盘,上证指数跌0.97%,深圳成指跌0.53%,创业板指涨0.08%。回顾整个一月行情,三大股指震荡回落,成长风格跌幅靠前。综合来看,热门股估值较高、增量资金不及预期、海外风险因素传导等,均被视作引发市场回落的原因。然而,站在当下时点,机构普遍认为上述风险已被充分消化,同时更多的积极因素正在汇聚,A股“市场底”已近在眼前。经过梳理,近期A股市场的积极变化大致可归纳为基本面向好、资金面复苏、海外风险缓和三个方面。“稳增长”政策渐次落地核心资产业绩稳健增长回顾本周A股市场,部分权重股已经率先展露企稳势头。首先,在“稳字当头、稳中求进”的总基调下,工信部、人民银行、商务部等多个部门近期透露了2022年的政策思路和发力点。各地政府也纷纷明确今年“稳增长”政策组合拳的力度和重点发力方向,“稳增长”政策有望渐次落地。在此背景下,“稳增长”主线成为资金关注的焦点。一方面,传统基建链、地产链上市公司股价走势强劲,如千亿市值龙头中国建筑1月股价逆势上涨4%,万科A、保利发展等年初以来均收获上涨。另一方面,“双碳”目标下的新能源仍是政策扶持的高速赛道,以宁德时代为代表的新能源核心资产近期股价显著复苏。今日,宁德时代股价触底回升涨超3%。昨夜披露的业绩预告显示,宁德时代2021年度预计实现净利润140亿元至165亿元,同比大增150.75%至195.52%。其中,宁德时代去年第四季度净利润几乎追平前三季度总和,产业景气度凸显。中信证券秦培景策略团队认为,A股市场短期调整幅度已偏离了政策支撑下的基本面趋势,政策将再度引导资金凝聚共识。货币政策发力后,其他接力政策正在形成合力。另外,地方两会表明,各地以投资稳经济的趋势明显。中信证券预计,随着投资者对“稳增长”政策的信心不断强化,“稳增长”主线共识将不断提高,市场的信心以及情绪也将获得提振。基金发行边际改善A股市场吸引力依旧明显业内普遍认为,开年资金面的不及预期,是造成市场表现低迷的直接原因。其中,公募基金的发行节奏问题最为受到关注。根据兴业证券统计的数据,2022年前两个交易周(截至1月14日),偏股型基金仅累计发行274亿份,远低于2020年、2021年的同期水平。但这一现象近期出现边际改善。数据显示,1月17日至25日,偏股基金新发619亿份,年初以来累计发行892亿份,基本回到正常水平,为市场引来活水。与此同时,近期基金自购意愿与自购规模也显著增加。2021年12月,偏股基金自购规模达5.23亿元,创2015年7月以来新高。本周,十余家头部公募陆续发布自购计划。显然,从基金管理人的角度来说,当前市场也已处于底部区域。除了内地机构纷纷“真金白银”看好市场前景外,外资流入A股的趋势同样没有放缓。尽管受到美债利率上升的不利因素扰动,但北向资金开年以来仍然呈现净流入,年初至今累计净买入额达167.73亿元。另有数据显示,2022年前三周,中国股市的外资日均净流入额达到4.13亿美元,我国稳健积极的调控政策和较小的通胀压力持续为海外投资者注入信心。国际投行高盛日前发布报告,认为中国资本市场开放、改革势头强劲,使得A股市场对国际投资者而言更具投资价值,且更加可及。2021年创纪录的北向资金流入和全球共同基金高配A股在一定程度上反映了这一点。“A股市场规模庞大、流动性强、持续成长但国际投资者配置不足。我们认为A股对全球股票投资者而言是个不容忽视的战略性投资资产类别。2022年,我们仍建议高配A股。”高盛强调。海外风险逐渐缓和A股市场料将“以我为主”自去年年末以来,海外风险因素持续积聚,包括美联储激进加息预期、美长债利率陡升、海外地缘关系紧张、美股等外盘大幅下跌等。但随着时间推移及相关风险事件落地,机构普遍表示A股将重回“以我为主”的状态。中信建投首席策略分析师陈果表示,外部因素对A股的影响相对间接。日前美联储议息会议在加息缩表的时点和幅度上并没有超出市场预期,市场对此也已有相当程度反应。市场预期逐步稳定的背景下,短期中国对美出口和人民币汇率仍然坚挺。“因此我认为此次美联储议息会议落地之后,未来一个阶段A股市场不应再视外部因素为主要矛盾。”陈果认为。兴业证券全球首席策略分析师张忆东同样表示,海外市场动荡不会对A股构成大风险,A股后续更多将“以我为主”。在他看来,2022年我国政策环境进入“稳经济”阶段,投资时钟将逐步走向复苏,人民币对美元汇率将保持稳定。所以,2022年A股具备更好的配置性价比。国泰君安宏观与策略团队日前联合发布报告,坚定表示“乐观看待A股节后行情”。国泰君安认为,当前市场正对海外流动性预期变化逐步定价,年前海外流动性预期负面影响正被加速消化,同时年后地产信用风险亦将逐步落地,分母端负面因素加速收敛。近期投资者短期风险偏好已处较低水平,继续向下空间有限。此外从日历效应来看,亦能观察到历年春节后市场的表现要明显好于春节前。综合来看,春节后A股市场有望逐步回温。","news_type":1},"isVote":1,"tweetType":1,"viewCount":172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9090256205,"gmtCreate":1643206367290,"gmtModify":1676533784985,"author":{"id":"3575949053778392","authorId":"3575949053778392","name":"SDLiuSG","avatar":"https://static.tigerbbs.com/00bc0903e8bbdc107f07a92f947eccbe","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575949053778392","authorIdStr":"3575949053778392"},"themes":[],"htmlText":"123","listText":"123","text":"123","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9090256205","repostId":"1147161020","repostType":4,"repost":{"id":"1147161020","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据,旨在帮助投资者理解世界,做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1643203287,"share":"https://ttm.financial/m/news/1147161020?lang=&edition=fundamental","pubTime":"2022-01-26 21:21","market":"other","language":"zh","title":"中国恒大:公司计划于未来6个月内推出初步重组方案","url":"https://stock-news.laohu8.com/highlight/detail?id=1147161020","media":"老虎资讯综合","summary":"1月26日,在今日晚间召开的投资人会议上,中国恒大执行董事肖恩表示,中国恒大董事会及风险化解委员会及管理团队,正共同制定全面、细致、有效的计划,研究各种潜在方案,计划于未来6个月内推出初步重组方案。","content":"<html><head></head><body><p>1月26日,在今日晚间召开的投资人会议上,<a href=\"https://laohu8.com/S/03333\">中国恒大</a>执行董事肖恩表示,中国恒大董事会及风险化解委员会及管理团队,正共同制定全面、细致、有效的计划,研究各种潜在方案,计划于未来6个月内推出初步重组方案。</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>中国恒大:公司计划于未来6个月内推出初步重组方案</title>\n<style 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}\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中国恒大:公司计划于未来6个月内推出初步重组方案\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2022-01-26 21:21</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>1月26日,在今日晚间召开的投资人会议上,<a href=\"https://laohu8.com/S/03333\">中国恒大</a>执行董事肖恩表示,中国恒大董事会及风险化解委员会及管理团队,正共同制定全面、细致、有效的计划,研究各种潜在方案,计划于未来6个月内推出初步重组方案。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/c6fcdaee085f89a043698b2126b966fe","relate_stocks":{"03333":"中国恒大"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147161020","content_text":"1月26日,在今日晚间召开的投资人会议上,中国恒大执行董事肖恩表示,中国恒大董事会及风险化解委员会及管理团队,正共同制定全面、细致、有效的计划,研究各种潜在方案,计划于未来6个月内推出初步重组方案。","news_type":1},"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}