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2022-01-03

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2021-09-07

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Strategists Say the Stock Market Could Struggle This Fall. What to Buy Now?

2021-09-03

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2021-09-02

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2021-09-01

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2021-08-31

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Digital optimization software company Amplitude files to go public

2021-08-27

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Dow jumps 200 points, S&P 500 hits record as Powell prepares markets for Fed’s bond taper this year

2021-08-26

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2021-08-26

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2021-08-24

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“Infrastructure Plan and Welfare Plan” - The Second “Trouble” That Biden Has to Deal with

2021-08-23

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2021-08-19

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Some China concepts stocks tumbled in morning trading

2021-08-18

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Minutes of the Fed’s July Meeting Come Today. Look for Clues on the Taper Debate.

2021-08-17

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2021-08-16

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Toplines Before US Market Open on Monday

2021-08-15

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2021-08-13

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2021-08-13

Bought the dip

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2021-08-12

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2021-08-11

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and comment","listText":"Like and comment","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/880139060","repostId":"1130130857","repostType":4,"repost":{"id":"1130130857","kind":"news","pubTimestamp":1631007146,"share":"https://ttm.financial/m/news/1130130857?lang=&edition=full_marsco","pubTime":"2021-09-07 17:32","market":"us","language":"en","title":"Strategists Say the Stock Market Could Struggle This Fall. What to Buy Now?","url":"https://stock-news.laohu8.com/highlight/detail?id=1130130857","media":"Barron's","summary":"What a year this has been for the markets!Fueled by a torrent of monetary and fiscal stimulus, economic and earnings growth, and  a mostly receding pandemic, theS&P 500stock index has rallied 20%, notching seven straight months of gains and more than 50 highs along the way. And that’s on top of last year’s 68% rebound from the market’s March 2020 lows.Tailwinds remain in place, but headwinds now loom that could slow stocks’ advance. Stimulus spending has peaked, and economic and corporate-earnin","content":"<p>What a year this has been for the markets! Fueled by a torrent of monetary and fiscal stimulus, economic and earnings growth, and (until recently) a mostly receding pandemic, theS&amp;P 500stock index has rallied 20%, notching seven straight months of gains and more than 50 highs along the way. And that’s on top of last year’s 68% rebound from the market’s March 2020 lows.</p>\n<p>Tailwinds remain in place, but headwinds now loom that could slow stocks’ advance. Stimulus spending has peaked, and economic and corporate-earnings growth are likely to decelerate through the end of the year. What’s more, theFederal Reserve has all but promised to start tapering its bond buyingin coming months, and the Biden administration has proposed hiking corporate and personal tax rates. None of this is apt to sit well with holders of increasingly pricey shares.</p>\n<p>In other words,brace for a volatile fallin which conflicting forces buffet stocks, bonds, and investors. “The everything rally is behind us,” says Saira Malik, chief investment officer of global equities at Nuveen. “It’s not going to be a sharply rising economic tide that lifts all boats from here.”</p>\n<p>That’s the general consensus among the six market strategists and chief investment officers whom<i>Barron’s</i>recently consulted. All see the S&amp;P 500 ending the year near Thursday’s close of 4536. Their average target: 4585.</p>\n<p>Next year’s gains look muted, as well, relative to recent trends. The group expects the S&amp;P 500 to tack on another 6% in 2022, rising to about 4800.</p>\n<p><img src=\"https://static.tigerbbs.com/eb61c7b74b9b0f18a019afb4ac44ad59\" tg-width=\"300\" tg-height=\"645\" referrerpolicy=\"no-referrer\">With stocks trading for about 21 times the coming year’s expected earnings,bonds yielding little, and cash yielding less than nothing after accounting for inflation, investors face tough asset-allocation decisions. In place of the “everything rally,” which lifted fast-growing tech stocks, no-growth meme stocks, and the Dogecoins of the digital world, our market watchers recommend focusing on “quality” investments. In equities, that means shares of businesses with solid balance sheets, expanding profit margins, and ample and recurring free cash flow. Even if the averages do little in coming months, these stocks are likely to shine.</p>\n<p>The stock market’s massive rally in the past year was a gift of sorts from the Federal Reserve, which flooded the financial system with money to stave off theeconomic damage wrought by the Covid pandemic. Since March 2020, the U.S. central bank has been buying a combined $120 billion a month of U.S. Treasuries and mortgage-backed securities, while keeping its benchmark federal-funds rate target at 0% to 0.25%. These moves have depressed bond yields and pushed investors into riskier assets, including stocks.</p>\n<p>Fed Chairman Jerome <a href=\"https://laohu8.com/S/POWL\">Powell</a> has said that the central bank might begin to wind down, or taper, its emergency asset purchases sometime in the coming quarters, a move that could roil risk assets of all sorts. “For us, it’s very simple: Tapering is tightening,” says Mike Wilson, chief investment officer and chief U.S. equity strategist atMorgan Stanley.“It’s the first step away from maximum accommodation [by the Fed]. They’re being very calculated about it this time, but the bottom line is that it should have a negative effect on equity valuations.”</p>\n<p>The government’s stimulus spending, too, has peaked, the strategists note. Supplemental federal unemployment benefits of $300 a week expire as of Sept. 6. Although Congress seems likely to pass a bipartisan infrastructure bill this fall, the near-term economic impact will pale in comparison to the multiple rounds of stimulus introduced since March 2020.</p>\n<p><img src=\"https://static.tigerbbs.com/c2cb76c498c1c4c980139e3d0514c261\" tg-width=\"300\" tg-height=\"645\" referrerpolicy=\"no-referrer\">The bill includes about $550 billion in new spending—a fraction of the trillions authorized by previous laws—and it will be spread out over many years. The short-term boost that infrastructure stimulus will give to consumer spending, which accounts for almost 70% of U.S. growth domestic product, won’t come close to what the economy saw after millions of Americans received checks from the government this past year.</p>\n<p>A budget bill approved by Democrats only should follow the infrastructure bill, and include spending to support Medicare expansion, child-care funding, free community-college tuition, public housing, and climate-related measures, among other party priorities. Congress could vote to lift taxes on corporations and high-earning individuals to offset that spending—another near-term risk to the market.</p>\n<p><img src=\"https://static.tigerbbs.com/6693da658db16059fc99e08a7531675f\" tg-width=\"300\" tg-height=\"645\" referrerpolicy=\"no-referrer\">Other politically charged issues likewise could derail equities this fall. Congress needs to pass a debt-ceiling increase to fund the government, and a stop-gap spending bill later this month to avoid a <a href=\"https://laohu8.com/S/WASH\">Washington</a> shutdown in October.</p>\n<p>For now, our market experts are relatively sanguine about the economic impact of the Delta variant of Covid-19. As long as vaccines remain effective in minimizing severe infections that lead to hospitalizations and deaths, the negative effects of the current Covid wave will be limited largely to the travel industry and movie theaters, they say. Wall Street’s base case for the market doesn’t include a renewed wave of lockdowns that would undermine economic growth.</p>\n<p>Inflation has been a hot topic at the Fed and among investors, partly because it has been running so hot of late. The U.S. consumer price index rose at an annualized 5.4% in both June and July—a spike the Fed calls transitory, although others aren’t so sure. The strategists are taking Powell’s side of the argument; they expect inflation to fall significantly next year. Their forecasts fall between 2.5% and 3.5%, which they consider manageable for consumers and companies, and an acceptable side effect of rapid economic growth. An inflation rate above 2.5%, however, combined with Fed tapering, would mean that now ultralow bond yields should rise.</p>\n<p>“We think inflation will continue to run hotter than it has since the financial crisis, but it’s hard for us to see inflation much over 2.5% once many of the reopening-related pressures start to dissipate,” says Michael Fredericks, head of income investing for theBlackRockMulti-Asset Strategies Group. “So bond yields do need to move up, but that will happen gradually.”</p>\n<p>The strategists see the yield on the 10-year U.S. Treasury note climbing to around 1.65% by year end. That’s about 35 basis points—or hundredths of a percentage point—above current levels, but below the 1.75% that the yield reached at its March 2021 highs. By next year, the 10-year Treasury could yield 2%, the group says. Those aren’t big moves in absolute terms, but they’re meaningful for&nbsp;the bond market—and could be even more so for stocks.</p>\n<p>Rising yields tend to weigh on stock valuations for two reasons. Higher-yielding bonds offer competition to stocks, and companies’ future earnings are worthless in the present when discounting them at a higher rate. Still, a 10-year yield around 2% won’t be enough to knock stock valuations down to pre-Covid levels. Even if yields climb, market strategists see the price/earnings multiple of the S&amp;P 500 holding well above its 30-year average of 16 times forward earnings. The index’s forward P/E topped 23 last fall.</p>\n<p><img src=\"https://static.tigerbbs.com/e08d24cb421d7cc13debd76a9c6fea01\" tg-width=\"660\" tg-height=\"434\" referrerpolicy=\"no-referrer\"></p>\n<p>As long as 10-year Treasury yields stay in the 2% range, the S&amp;P 500 should be able to command a forward P/E in the high teens, strategists say. A return to the 16-times long-term average isn’t in the cards until there is more pressure from much higher yields—or something else that causes stocks to fall.</p>\n<p>If yields surge past 2% or 2.25%, investors could start to question equity valuations more seriously, says&nbsp;<a href=\"https://laohu8.com/S/STT\">State</a> Street’schief portfolio strategist, Gaurav Mallik: “We haven’t seen [the 10-year yield] above 2% for some time now, so that’s an important sentiment level for investors.”</p>\n<p><img src=\"https://static.tigerbbs.com/93ff6490069ab5dc1b4057f1ff7966f3\" tg-width=\"664\" tg-height=\"441\" referrerpolicy=\"no-referrer\"></p>\n<p>Wilson is more concerned, noting that the stock market’s valuation risk is asymmetric: “It’s very unlikely that multiples are going to go up, and there’s a good chance that they go down more than 10% given the deceleration in growth and where we are in the cycle,” he says</p>\n<p>If 16 to 23 times forward earnings is the range, he adds, “you’re already at the very high end of that. There’s more potential risk than reward.”</p>\n<p>Some P/E-multiple compression is baked into all six strategists’ forecasts, heaping greater importance on the path of profit growth. On average, the strategists expect S&amp;P 500 earnings to jump 46% this year, to about $204, after last year’s earnings depression. That could be followed by a more normalized gain of 9% in 2022, to about $222.50.</p>\n<p>A potential headwind would be a higher federal corporate-tax rate in 2022. The details of Democrats’ spending and taxation plans will be worked out in the coming weeks, and investors can expect to hear a lot more about potential tax increases. Several strategists see a 25% federal rate on corporate profits as a likely compromise figure, above the 21% in place since 2018, but below the 28% sought by the Biden administration.</p>\n<p>An increase of that magnitude would shave about 5% off S&amp;P 500 earnings next year. The index could drop by a similar amount as the passage of the Democrats’ reconciliation bill nears this fall, but the impact should be limited to that initial correction. As with the tax cuts in December 2017, the change should be a <a href=\"https://laohu8.com/S/AONE.U\">one</a>-time event for the market, some strategists predict.</p>\n<p>These concerns aside, investors shouldn’t miss the bigger picture: The U.S. economy is in good shape and growing robustly. The strategists expect gross domestic product to rise 6.3% this year and about 4% in 2022. “The cyclical uplift and above-trend growth will continue at least through 2022, and we want to be biased toward assets that have that exposure,” says Mallik.</p>\n<blockquote>\n “We’re going to have a hot economy this year and next. When GDP growth is above average, value beats growth and cyclicals beat defensives.”— Lori Calvasina, RBC Capital Markets\n</blockquote>\n<p>The State Street strategist recommends overweighting materials, financials, and technology in investment portfolios. That approach includes both economically sensitive companies, such as banks and miners, and steady growers in the tech sector.</p>\n<p>RBC Capital Markets’ head of U.S. equity strategy, Lori Calvasina, likewise takes a barbell approach, with both cyclical and growth exposure. Her preferred sectors are energy, financials, and technology.</p>\n<p>“Valuations are still a lot more attractive in financials and energy than growth [sectors such as technology or consumer discretionary,]” Calvasina says. “The catalyst in the near term is getting out of the current Covid wave... We’re going to have a hot economy this year and next, and traditionally when GDP growth is above average, value beats growth and cyclicals beat defensives.”</p>\n<p>But the focus on quality will be pivotal, especially moving into the second half of 2022. That’s when the Fed is likely to hike interest rates for the first time in this cycle. By 2023, the economy could return to pre-Covid growth on the order of 2%.</p>\n<p>“The historical playbook is that coming out of a recession, you tend to see low-quality outperformance that lasts about a year, then leadership flips back to high quality,” Calvasina says. “But that transition from low quality back to high quality tends to be very bumpy.”</p>\n<p><b>A Shopping List for Fall</b></p>\n<p>Most strategists favor a combination of economically sensitive stocks and steady growers, including tech shares. Financials should do well, particularly if bond yields rise.</p>\n<p><img src=\"https://static.tigerbbs.com/a54c4bd114c1a5f7f700d1fc14d30d8e\" tg-width=\"970\" tg-height=\"230\" referrerpolicy=\"no-referrer\"></p>\n<p>Although stocks with quality attributes have outperformed the market this summer, according to a <a href=\"https://laohu8.com/S/BLK\">BlackRock</a> analysis, the quality factor has lagged since positive vaccine news was first reported last November.</p>\n<p>“We’re moving into a mid-cycle environment, when underlying economic growth remains strong but momentum begins to decelerate,” BlackRock’s Fredericks says. “Our research shows that quality stocks perform particularly well in such a period.”</p>\n<p>He recommends overweighting profitable technology companies; financials, including banks, and consumer staples and industrials with those quality characteristics.</p>\n<p>For <a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a>’s head of equity strategy, Christopher Harvey, a mix of post-pandemic beneficiaries and defensive exposure is the way to go. He constructed a basket of stocks with lower-than-average volatility—which should outperform during periods of market uncertainty or stress this fall—and high “Covid beta,” or sensitivity to good or bad news about the pandemic. One requirement; The stocks had to be rated the equivalent of Buy by Wells Fargo’s equity analysts.</p>\n<p>“There’s near-term economic uncertainty, interest-rate uncertainty, and Covid risk, and generally we’re in a seasonally weaker part of the year around September,” says Harvey. “If we can balance low vol and high Covid beta, we can mitigate a lot of the upcoming uncertainty and volatility around timing of several of those catalysts. Longer-term, though, we still want to have that [reopening exposure.]”</p>\n<p>Harvey’s list of low-volatility stocks with high Covid beta includesApple(AAPL),<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>(BAC),<a href=\"https://laohu8.com/S/NTRSP\">Northern</a> Trust(NTRS),Lowe’s(LOW),<a href=\"https://laohu8.com/S/IQV\">IQVIA</a> Holdings(IQV), andMasco(MAS).</p>\n<p>Overall, banks are the most frequently recommended group for the months ahead. TheInvesco KBW Bankexchange-traded fund (KBWB) provides broad exposure to the sector in the U.S.</p>\n<p>“We like the valuations [and] credit quality; they are now allowed to buy back shares and increase dividends, and there’s higher Covid beta,” says Harvey.</p>\n<p>Cheaper valuations mean less potential downside in a market correction. And, contrary to much of the rest of the stock market, higher interest rates would be a tailwind for the banks, which could then charge more for loans.</p>\n<p><a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks also have some fans. “<a href=\"https://laohu8.com/S/HR\">Healthcare</a> has both defensive and growth attributes to it,” Wilson says. “You’re paying a lot less per unit of growth in healthcare today than you are in other sectors. So we think it provides good balance in this market when we’re worried about valuation.” Health insurerHumana(HUM) makes Wilson’s “Fresh Money Buy List” of stocks Buy-rated by <a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a> analysts and fitting his macro views.</p>\n<p>Nuveen’s Malik is also looking toward health care for relatively underpriced growth exposure, namely in the pharmaceuticals and biotechnology groups. She points toSeagen(SGEN), which is focused on oncology drugs and could be an attractive acquisition target for a pharma giant.</p>\n<p>Malik also likesAbbVie(ABBV) which trades at an undemanding eight times forward earnings and sports a 4.7% dividend yield. The coming expiration of patents on its blockbuster anti-inflammatory drug Humira has kept some investors away, but Malik is confident that management can limit the damage and sees promising drugs in development at the $200 billion company.</p>\n<p>Both stocks have had a tough time in recent days. Seagen fell more than 8% last week, to around $152, on news that its co-founder and CEO sold a large number of shares recently. AndAbbVietanked 7% Wednesday, to $112.27, after the Food and Drug Administration required new warning labels for JAK inhibitors, a type of anti-rheumatoid drug that includes one of <a href=\"https://laohu8.com/S/ABBV\">AbbVie</a>’s most promising post-Humira products.</p>\n<p><a href=\"https://laohu8.com/S/PFE\">Pfizer</a>(PFE),<a href=\"https://laohu8.com/S/AXP\">American Express</a>(AXP),Johnson &amp; Johnson(JNJ), andCisco Systems(CSCO) are other S&amp;P 500 members that pass a<i>Barron’s</i>screen for quality attributes.</p>\n<p>After a year of steady gains, investors might be reminded this fall that stocks can also decline, as growth momentum and policy support begin to fade. But underlying economic strength supports buying the dip, should the market drop from its highs. <a href=\"https://laohu8.com/S/JE\">Just</a> be more selective. And go with quality.</p>","source":"lsy1610680873436","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>Strategists Say the Stock Market Could Struggle This Fall. What to Buy Now?</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\">\nStrategists Say the Stock Market Could Struggle This Fall. What to Buy Now?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-07 17:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/stocks-could-struggle-this-fall-market-strategists-say-stick-with-quality-companies-51630699840?siteid=yhoof2><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What a year this has been for the markets! Fueled by a torrent of monetary and fiscal stimulus, economic and earnings growth, and (until recently) a mostly receding pandemic, theS&P 500stock index has...</p>\n\n<a href=\"https://www.barrons.com/articles/stocks-could-struggle-this-fall-market-strategists-say-stick-with-quality-companies-51630699840?siteid=yhoof2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯"},"source_url":"https://www.barrons.com/articles/stocks-could-struggle-this-fall-market-strategists-say-stick-with-quality-companies-51630699840?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130130857","content_text":"What a year this has been for the markets! Fueled by a torrent of monetary and fiscal stimulus, economic and earnings growth, and (until recently) a mostly receding pandemic, theS&P 500stock index has rallied 20%, notching seven straight months of gains and more than 50 highs along the way. And that’s on top of last year’s 68% rebound from the market’s March 2020 lows.\nTailwinds remain in place, but headwinds now loom that could slow stocks’ advance. Stimulus spending has peaked, and economic and corporate-earnings growth are likely to decelerate through the end of the year. What’s more, theFederal Reserve has all but promised to start tapering its bond buyingin coming months, and the Biden administration has proposed hiking corporate and personal tax rates. None of this is apt to sit well with holders of increasingly pricey shares.\nIn other words,brace for a volatile fallin which conflicting forces buffet stocks, bonds, and investors. “The everything rally is behind us,” says Saira Malik, chief investment officer of global equities at Nuveen. “It’s not going to be a sharply rising economic tide that lifts all boats from here.”\nThat’s the general consensus among the six market strategists and chief investment officers whomBarron’srecently consulted. All see the S&P 500 ending the year near Thursday’s close of 4536. Their average target: 4585.\nNext year’s gains look muted, as well, relative to recent trends. The group expects the S&P 500 to tack on another 6% in 2022, rising to about 4800.\nWith stocks trading for about 21 times the coming year’s expected earnings,bonds yielding little, and cash yielding less than nothing after accounting for inflation, investors face tough asset-allocation decisions. In place of the “everything rally,” which lifted fast-growing tech stocks, no-growth meme stocks, and the Dogecoins of the digital world, our market watchers recommend focusing on “quality” investments. In equities, that means shares of businesses with solid balance sheets, expanding profit margins, and ample and recurring free cash flow. Even if the averages do little in coming months, these stocks are likely to shine.\nThe stock market’s massive rally in the past year was a gift of sorts from the Federal Reserve, which flooded the financial system with money to stave off theeconomic damage wrought by the Covid pandemic. Since March 2020, the U.S. central bank has been buying a combined $120 billion a month of U.S. Treasuries and mortgage-backed securities, while keeping its benchmark federal-funds rate target at 0% to 0.25%. These moves have depressed bond yields and pushed investors into riskier assets, including stocks.\nFed Chairman Jerome Powell has said that the central bank might begin to wind down, or taper, its emergency asset purchases sometime in the coming quarters, a move that could roil risk assets of all sorts. “For us, it’s very simple: Tapering is tightening,” says Mike Wilson, chief investment officer and chief U.S. equity strategist atMorgan Stanley.“It’s the first step away from maximum accommodation [by the Fed]. They’re being very calculated about it this time, but the bottom line is that it should have a negative effect on equity valuations.”\nThe government’s stimulus spending, too, has peaked, the strategists note. Supplemental federal unemployment benefits of $300 a week expire as of Sept. 6. Although Congress seems likely to pass a bipartisan infrastructure bill this fall, the near-term economic impact will pale in comparison to the multiple rounds of stimulus introduced since March 2020.\nThe bill includes about $550 billion in new spending—a fraction of the trillions authorized by previous laws—and it will be spread out over many years. The short-term boost that infrastructure stimulus will give to consumer spending, which accounts for almost 70% of U.S. growth domestic product, won’t come close to what the economy saw after millions of Americans received checks from the government this past year.\nA budget bill approved by Democrats only should follow the infrastructure bill, and include spending to support Medicare expansion, child-care funding, free community-college tuition, public housing, and climate-related measures, among other party priorities. Congress could vote to lift taxes on corporations and high-earning individuals to offset that spending—another near-term risk to the market.\nOther politically charged issues likewise could derail equities this fall. Congress needs to pass a debt-ceiling increase to fund the government, and a stop-gap spending bill later this month to avoid a Washington shutdown in October.\nFor now, our market experts are relatively sanguine about the economic impact of the Delta variant of Covid-19. As long as vaccines remain effective in minimizing severe infections that lead to hospitalizations and deaths, the negative effects of the current Covid wave will be limited largely to the travel industry and movie theaters, they say. Wall Street’s base case for the market doesn’t include a renewed wave of lockdowns that would undermine economic growth.\nInflation has been a hot topic at the Fed and among investors, partly because it has been running so hot of late. The U.S. consumer price index rose at an annualized 5.4% in both June and July—a spike the Fed calls transitory, although others aren’t so sure. The strategists are taking Powell’s side of the argument; they expect inflation to fall significantly next year. Their forecasts fall between 2.5% and 3.5%, which they consider manageable for consumers and companies, and an acceptable side effect of rapid economic growth. An inflation rate above 2.5%, however, combined with Fed tapering, would mean that now ultralow bond yields should rise.\n“We think inflation will continue to run hotter than it has since the financial crisis, but it’s hard for us to see inflation much over 2.5% once many of the reopening-related pressures start to dissipate,” says Michael Fredericks, head of income investing for theBlackRockMulti-Asset Strategies Group. “So bond yields do need to move up, but that will happen gradually.”\nThe strategists see the yield on the 10-year U.S. Treasury note climbing to around 1.65% by year end. That’s about 35 basis points—or hundredths of a percentage point—above current levels, but below the 1.75% that the yield reached at its March 2021 highs. By next year, the 10-year Treasury could yield 2%, the group says. Those aren’t big moves in absolute terms, but they’re meaningful for the bond market—and could be even more so for stocks.\nRising yields tend to weigh on stock valuations for two reasons. Higher-yielding bonds offer competition to stocks, and companies’ future earnings are worthless in the present when discounting them at a higher rate. Still, a 10-year yield around 2% won’t be enough to knock stock valuations down to pre-Covid levels. Even if yields climb, market strategists see the price/earnings multiple of the S&P 500 holding well above its 30-year average of 16 times forward earnings. The index’s forward P/E topped 23 last fall.\n\nAs long as 10-year Treasury yields stay in the 2% range, the S&P 500 should be able to command a forward P/E in the high teens, strategists say. A return to the 16-times long-term average isn’t in the cards until there is more pressure from much higher yields—or something else that causes stocks to fall.\nIf yields surge past 2% or 2.25%, investors could start to question equity valuations more seriously, says State Street’schief portfolio strategist, Gaurav Mallik: “We haven’t seen [the 10-year yield] above 2% for some time now, so that’s an important sentiment level for investors.”\n\nWilson is more concerned, noting that the stock market’s valuation risk is asymmetric: “It’s very unlikely that multiples are going to go up, and there’s a good chance that they go down more than 10% given the deceleration in growth and where we are in the cycle,” he says\nIf 16 to 23 times forward earnings is the range, he adds, “you’re already at the very high end of that. There’s more potential risk than reward.”\nSome P/E-multiple compression is baked into all six strategists’ forecasts, heaping greater importance on the path of profit growth. On average, the strategists expect S&P 500 earnings to jump 46% this year, to about $204, after last year’s earnings depression. That could be followed by a more normalized gain of 9% in 2022, to about $222.50.\nA potential headwind would be a higher federal corporate-tax rate in 2022. The details of Democrats’ spending and taxation plans will be worked out in the coming weeks, and investors can expect to hear a lot more about potential tax increases. Several strategists see a 25% federal rate on corporate profits as a likely compromise figure, above the 21% in place since 2018, but below the 28% sought by the Biden administration.\nAn increase of that magnitude would shave about 5% off S&P 500 earnings next year. The index could drop by a similar amount as the passage of the Democrats’ reconciliation bill nears this fall, but the impact should be limited to that initial correction. As with the tax cuts in December 2017, the change should be a one-time event for the market, some strategists predict.\nThese concerns aside, investors shouldn’t miss the bigger picture: The U.S. economy is in good shape and growing robustly. The strategists expect gross domestic product to rise 6.3% this year and about 4% in 2022. “The cyclical uplift and above-trend growth will continue at least through 2022, and we want to be biased toward assets that have that exposure,” says Mallik.\n\n “We’re going to have a hot economy this year and next. When GDP growth is above average, value beats growth and cyclicals beat defensives.”— Lori Calvasina, RBC Capital Markets\n\nThe State Street strategist recommends overweighting materials, financials, and technology in investment portfolios. That approach includes both economically sensitive companies, such as banks and miners, and steady growers in the tech sector.\nRBC Capital Markets’ head of U.S. equity strategy, Lori Calvasina, likewise takes a barbell approach, with both cyclical and growth exposure. Her preferred sectors are energy, financials, and technology.\n“Valuations are still a lot more attractive in financials and energy than growth [sectors such as technology or consumer discretionary,]” Calvasina says. “The catalyst in the near term is getting out of the current Covid wave... We’re going to have a hot economy this year and next, and traditionally when GDP growth is above average, value beats growth and cyclicals beat defensives.”\nBut the focus on quality will be pivotal, especially moving into the second half of 2022. That’s when the Fed is likely to hike interest rates for the first time in this cycle. By 2023, the economy could return to pre-Covid growth on the order of 2%.\n“The historical playbook is that coming out of a recession, you tend to see low-quality outperformance that lasts about a year, then leadership flips back to high quality,” Calvasina says. “But that transition from low quality back to high quality tends to be very bumpy.”\nA Shopping List for Fall\nMost strategists favor a combination of economically sensitive stocks and steady growers, including tech shares. Financials should do well, particularly if bond yields rise.\n\nAlthough stocks with quality attributes have outperformed the market this summer, according to a BlackRock analysis, the quality factor has lagged since positive vaccine news was first reported last November.\n“We’re moving into a mid-cycle environment, when underlying economic growth remains strong but momentum begins to decelerate,” BlackRock’s Fredericks says. “Our research shows that quality stocks perform particularly well in such a period.”\nHe recommends overweighting profitable technology companies; financials, including banks, and consumer staples and industrials with those quality characteristics.\nFor Wells Fargo’s head of equity strategy, Christopher Harvey, a mix of post-pandemic beneficiaries and defensive exposure is the way to go. He constructed a basket of stocks with lower-than-average volatility—which should outperform during periods of market uncertainty or stress this fall—and high “Covid beta,” or sensitivity to good or bad news about the pandemic. One requirement; The stocks had to be rated the equivalent of Buy by Wells Fargo’s equity analysts.\n“There’s near-term economic uncertainty, interest-rate uncertainty, and Covid risk, and generally we’re in a seasonally weaker part of the year around September,” says Harvey. “If we can balance low vol and high Covid beta, we can mitigate a lot of the upcoming uncertainty and volatility around timing of several of those catalysts. Longer-term, though, we still want to have that [reopening exposure.]”\nHarvey’s list of low-volatility stocks with high Covid beta includesApple(AAPL),Bank of America(BAC),Northern Trust(NTRS),Lowe’s(LOW),IQVIA Holdings(IQV), andMasco(MAS).\nOverall, banks are the most frequently recommended group for the months ahead. TheInvesco KBW Bankexchange-traded fund (KBWB) provides broad exposure to the sector in the U.S.\n“We like the valuations [and] credit quality; they are now allowed to buy back shares and increase dividends, and there’s higher Covid beta,” says Harvey.\nCheaper valuations mean less potential downside in a market correction. And, contrary to much of the rest of the stock market, higher interest rates would be a tailwind for the banks, which could then charge more for loans.\nHealthcare stocks also have some fans. “Healthcare has both defensive and growth attributes to it,” Wilson says. “You’re paying a lot less per unit of growth in healthcare today than you are in other sectors. So we think it provides good balance in this market when we’re worried about valuation.” Health insurerHumana(HUM) makes Wilson’s “Fresh Money Buy List” of stocks Buy-rated by Morgan Stanley analysts and fitting his macro views.\nNuveen’s Malik is also looking toward health care for relatively underpriced growth exposure, namely in the pharmaceuticals and biotechnology groups. She points toSeagen(SGEN), which is focused on oncology drugs and could be an attractive acquisition target for a pharma giant.\nMalik also likesAbbVie(ABBV) which trades at an undemanding eight times forward earnings and sports a 4.7% dividend yield. The coming expiration of patents on its blockbuster anti-inflammatory drug Humira has kept some investors away, but Malik is confident that management can limit the damage and sees promising drugs in development at the $200 billion company.\nBoth stocks have had a tough time in recent days. Seagen fell more than 8% last week, to around $152, on news that its co-founder and CEO sold a large number of shares recently. AndAbbVietanked 7% Wednesday, to $112.27, after the Food and Drug Administration required new warning labels for JAK inhibitors, a type of anti-rheumatoid drug that includes one of AbbVie’s most promising post-Humira products.\nPfizer(PFE),American Express(AXP),Johnson & Johnson(JNJ), andCisco Systems(CSCO) are other S&P 500 members that pass aBarron’sscreen for quality attributes.\nAfter a year of steady gains, investors might be reminded this fall that stocks can also decline, as growth momentum and policy support begin to fade. But underlying economic strength supports buying the dip, should the market drop from its highs. Just be more selective. And go with quality.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1062,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815204599,"gmtCreate":1630678776511,"gmtModify":1676530374706,"author":{"id":"3577868544183128","authorId":"3577868544183128","name":"Duuckie","avatar":"https://static.tigerbbs.com/112b2c44cdb2e4be4a91fd61c51ca4e3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577868544183128","authorIdStr":"3577868544183128"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/815204599","repostId":"1168087683","repostType":4,"isVote":1,"tweetType":1,"viewCount":912,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812516088,"gmtCreate":1630594169544,"gmtModify":1676530351954,"author":{"id":"3577868544183128","authorId":"3577868544183128","name":"Duuckie","avatar":"https://static.tigerbbs.com/112b2c44cdb2e4be4a91fd61c51ca4e3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577868544183128","authorIdStr":"3577868544183128"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/812516088","repostId":"1181381939","repostType":4,"isVote":1,"tweetType":1,"viewCount":1294,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":816543815,"gmtCreate":1630509298037,"gmtModify":1676530326010,"author":{"id":"3577868544183128","authorId":"3577868544183128","name":"Duuckie","avatar":"https://static.tigerbbs.com/112b2c44cdb2e4be4a91fd61c51ca4e3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577868544183128","authorIdStr":"3577868544183128"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/816543815","repostId":"2164180358","repostType":4,"isVote":1,"tweetType":1,"viewCount":1138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":818086762,"gmtCreate":1630366346656,"gmtModify":1676530279970,"author":{"id":"3577868544183128","authorId":"3577868544183128","name":"Duuckie","avatar":"https://static.tigerbbs.com/112b2c44cdb2e4be4a91fd61c51ca4e3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577868544183128","authorIdStr":"3577868544183128"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/818086762","repostId":"2163359758","repostType":4,"repost":{"id":"2163359758","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1630361760,"share":"https://ttm.financial/m/news/2163359758?lang=&edition=full_marsco","pubTime":"2021-08-31 06:16","market":"hk","language":"en","title":"Digital optimization software company Amplitude files to go public","url":"https://stock-news.laohu8.com/highlight/detail?id=2163359758","media":"Dow Jones","summary":"Amplitude Inc. said it plans to offer its stock to the public, according to a filing with the Securi","content":"<p>Amplitude Inc. said it plans to offer its stock to the public, according to a filing with the Securities and Exchange Commission on Monday.</p>\n<p>The San Francisco-based company, which makes digital optimization software, said it plans to raise up to $30 million, but often companies will revise that initial figure in subsequent filings.</p>\n<p>The company plans to list its stock under the ticker \"AMPL\" on the Nasdaq. Amplitude said that shares in private transactions ranged between $8.12 and $20 apiece in private transactions during 2020.</p>\n<p>Amplitude reported sales of $102.5 million and a loss of $24.6 million in 2020, compared with revenue of $68.4 million and a loss of $33.5 million in 2019. For the first half of 2021, the company reported revenue of $72.4 million and a loss of $16.5 million, compared with revenue of $46 million and a loss of $16.6 million for the first half of 2020. Amplitude said it currently serves more than 1,200 paying customers in a market it estimates at about $37 billion.</p>\n<p>The offering is for Class A shares, which get <a href=\"https://laohu8.com/S/AONE.U\">one</a> vote, compared with Class B shares, which get five votes. Benchmark Capital Partners owns 15.3% of the Class B shares, while Battery Ventures owns 14%, Institutional Venture Partners owns 8.8%, and Sequoia Capital owns 7.8%.</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>Digital optimization software company Amplitude files to go public</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\">\nDigital optimization software company Amplitude files to go public\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-08-31 06:16</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Amplitude Inc. said it plans to offer its stock to the public, according to a filing with the Securities and Exchange Commission on Monday.</p>\n<p>The San Francisco-based company, which makes digital optimization software, said it plans to raise up to $30 million, but often companies will revise that initial figure in subsequent filings.</p>\n<p>The company plans to list its stock under the ticker \"AMPL\" on the Nasdaq. Amplitude said that shares in private transactions ranged between $8.12 and $20 apiece in private transactions during 2020.</p>\n<p>Amplitude reported sales of $102.5 million and a loss of $24.6 million in 2020, compared with revenue of $68.4 million and a loss of $33.5 million in 2019. For the first half of 2021, the company reported revenue of $72.4 million and a loss of $16.5 million, compared with revenue of $46 million and a loss of $16.6 million for the first half of 2020. Amplitude said it currently serves more than 1,200 paying customers in a market it estimates at about $37 billion.</p>\n<p>The offering is for Class A shares, which get <a href=\"https://laohu8.com/S/AONE.U\">one</a> vote, compared with Class B shares, which get five votes. Benchmark Capital Partners owns 15.3% of the Class B shares, while Battery Ventures owns 14%, Institutional Venture Partners owns 8.8%, and Sequoia Capital owns 7.8%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DLR":"数字房地产信托公司"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2163359758","content_text":"Amplitude Inc. said it plans to offer its stock to the public, according to a filing with the Securities and Exchange Commission on Monday.\nThe San Francisco-based company, which makes digital optimization software, said it plans to raise up to $30 million, but often companies will revise that initial figure in subsequent filings.\nThe company plans to list its stock under the ticker \"AMPL\" on the Nasdaq. Amplitude said that shares in private transactions ranged between $8.12 and $20 apiece in private transactions during 2020.\nAmplitude reported sales of $102.5 million and a loss of $24.6 million in 2020, compared with revenue of $68.4 million and a loss of $33.5 million in 2019. For the first half of 2021, the company reported revenue of $72.4 million and a loss of $16.5 million, compared with revenue of $46 million and a loss of $16.6 million for the first half of 2020. Amplitude said it currently serves more than 1,200 paying customers in a market it estimates at about $37 billion.\nThe offering is for Class A shares, which get one vote, compared with Class B shares, which get five votes. Benchmark Capital Partners owns 15.3% of the Class B shares, while Battery Ventures owns 14%, Institutional Venture Partners owns 8.8%, and Sequoia Capital owns 7.8%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":826,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":819505159,"gmtCreate":1630075347271,"gmtModify":1676530218674,"author":{"id":"3577868544183128","authorId":"3577868544183128","name":"Duuckie","avatar":"https://static.tigerbbs.com/112b2c44cdb2e4be4a91fd61c51ca4e3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577868544183128","authorIdStr":"3577868544183128"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/819505159","repostId":"1152072794","repostType":4,"repost":{"id":"1152072794","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1630074179,"share":"https://ttm.financial/m/news/1152072794?lang=&edition=full_marsco","pubTime":"2021-08-27 22:22","market":"us","language":"en","title":"Dow jumps 200 points, S&P 500 hits record as Powell prepares markets for Fed’s bond taper this year","url":"https://stock-news.laohu8.com/highlight/detail?id=1152072794","media":"Tiger Newspress","summary":"Stocks rose on Friday and headed for a winning week as Federal Reserve Chairman Jerome Powell prepar","content":"<p>Stocks rose on Friday and headed for a winning week as Federal Reserve Chairman Jerome Powell prepared the markets for the central bank to pull back on some of its monetary stimulus, saying it’s likely to start tapering its $120 billion in monthly bond purchases this year.</p>\n<p>The Dow Jones Industrial Average gained 216 points, or 0.6%. The S&amp;P 500 and Nasdaq Composite rose 0.7% and 0.9%, respectively.</p>\n<p>The 10-year Treasury yield, which ran up this week into&nbsp;the Powell speech, eased slightly after the Fed chief’s remarks as Powell made clear that interest rate hikes would not immediately follow after tapering was over. The financial markets’ reaction Friday is a sign that the central bank has successfully prepped investors so far for a removal of its $120 billion a month in bond buying and may avoid a ‘taper tantrum’ that rocked markets temporarily at end of 2013.</p>\n<p>Shares of Gap gained nearly 5% after the apparel retailer’s&nbsp;quarterly earnings report&nbsp;beat on top and bottom lines, while Peloton shares dropped after the exercise equipment company’s&nbsp;fourth-quarter financial results&nbsp;missed Wall Street estimates. Peloton fell 7.5%.</p>\n<p>Energy stocks were higher, after being among the hardest hit on Thursday. Occidental Petroleum climbed more than 5% while Diamondback, Devon Energy and Halliburton rose more than 2%.</p>\n<p>The three major U.S. indexes closed Thursday’s regular trading session lower. The Dow snapped a four-day win streak while the S&amp;P 500 and the Nasdaq Composite both broke five-day win streaks.</p>\n<p>Market participants also monitored new developments in Afghanistan, which appeared to weigh on investor sentiment. The Pentagon on Thursday confirmed that&nbsp;explosions&nbsp;near Hamid Karzai International Airport in Afghanistan killed 13 U.S. service members and wounded 18.</p>\n<p>“Markets don’t like uncertainty and the uncertainty in Afghanistan is high and feels like it’s rising,” said Bob Doll, chief investment officer of Crossmark Global Investments.</p>\n<p>Investors also await a consumer sentiment reading to be released Friday morning.</p>\n<p>The three major stock averages are all set to close the week in the green. The Dow is up 0.3% week-to-date, while the S&amp;P 500 is up 0.6% and the Nasdaq Composite is 1.6% higher.</p>\n<p>The indexes are on track to end the month higher. The Dow is up 0.8% in August. The S&amp;P 500 is 1.7% higher and the Nasdaq Composite is up 1.9% this month.</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>Dow jumps 200 points, S&P 500 hits record as Powell prepares markets for Fed’s bond taper this year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nDow jumps 200 points, S&P 500 hits record as Powell prepares markets for Fed’s bond taper this year\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-08-27 22:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Stocks rose on Friday and headed for a winning week as Federal Reserve Chairman Jerome Powell prepared the markets for the central bank to pull back on some of its monetary stimulus, saying it’s likely to start tapering its $120 billion in monthly bond purchases this year.</p>\n<p>The Dow Jones Industrial Average gained 216 points, or 0.6%. The S&amp;P 500 and Nasdaq Composite rose 0.7% and 0.9%, respectively.</p>\n<p>The 10-year Treasury yield, which ran up this week into&nbsp;the Powell speech, eased slightly after the Fed chief’s remarks as Powell made clear that interest rate hikes would not immediately follow after tapering was over. The financial markets’ reaction Friday is a sign that the central bank has successfully prepped investors so far for a removal of its $120 billion a month in bond buying and may avoid a ‘taper tantrum’ that rocked markets temporarily at end of 2013.</p>\n<p>Shares of Gap gained nearly 5% after the apparel retailer’s&nbsp;quarterly earnings report&nbsp;beat on top and bottom lines, while Peloton shares dropped after the exercise equipment company’s&nbsp;fourth-quarter financial results&nbsp;missed Wall Street estimates. Peloton fell 7.5%.</p>\n<p>Energy stocks were higher, after being among the hardest hit on Thursday. Occidental Petroleum climbed more than 5% while Diamondback, Devon Energy and Halliburton rose more than 2%.</p>\n<p>The three major U.S. indexes closed Thursday’s regular trading session lower. The Dow snapped a four-day win streak while the S&amp;P 500 and the Nasdaq Composite both broke five-day win streaks.</p>\n<p>Market participants also monitored new developments in Afghanistan, which appeared to weigh on investor sentiment. The Pentagon on Thursday confirmed that&nbsp;explosions&nbsp;near Hamid Karzai International Airport in Afghanistan killed 13 U.S. service members and wounded 18.</p>\n<p>“Markets don’t like uncertainty and the uncertainty in Afghanistan is high and feels like it’s rising,” said Bob Doll, chief investment officer of Crossmark Global Investments.</p>\n<p>Investors also await a consumer sentiment reading to be released Friday morning.</p>\n<p>The three major stock averages are all set to close the week in the green. The Dow is up 0.3% week-to-date, while the S&amp;P 500 is up 0.6% and the Nasdaq Composite is 1.6% higher.</p>\n<p>The indexes are on track to end the month higher. The Dow is up 0.8% in August. The S&amp;P 500 is 1.7% higher and the Nasdaq Composite is up 1.9% this month.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152072794","content_text":"Stocks rose on Friday and headed for a winning week as Federal Reserve Chairman Jerome Powell prepared the markets for the central bank to pull back on some of its monetary stimulus, saying it’s likely to start tapering its $120 billion in monthly bond purchases this year.\nThe Dow Jones Industrial Average gained 216 points, or 0.6%. The S&P 500 and Nasdaq Composite rose 0.7% and 0.9%, respectively.\nThe 10-year Treasury yield, which ran up this week into the Powell speech, eased slightly after the Fed chief’s remarks as Powell made clear that interest rate hikes would not immediately follow after tapering was over. The financial markets’ reaction Friday is a sign that the central bank has successfully prepped investors so far for a removal of its $120 billion a month in bond buying and may avoid a ‘taper tantrum’ that rocked markets temporarily at end of 2013.\nShares of Gap gained nearly 5% after the apparel retailer’s quarterly earnings report beat on top and bottom lines, while Peloton shares dropped after the exercise equipment company’s fourth-quarter financial results missed Wall Street estimates. Peloton fell 7.5%.\nEnergy stocks were higher, after being among the hardest hit on Thursday. Occidental Petroleum climbed more than 5% while Diamondback, Devon Energy and Halliburton rose more than 2%.\nThe three major U.S. indexes closed Thursday’s regular trading session lower. The Dow snapped a four-day win streak while the S&P 500 and the Nasdaq Composite both broke five-day win streaks.\nMarket participants also monitored new developments in Afghanistan, which appeared to weigh on investor sentiment. The Pentagon on Thursday confirmed that explosions near Hamid Karzai International Airport in Afghanistan killed 13 U.S. service members and wounded 18.\n“Markets don’t like uncertainty and the uncertainty in Afghanistan is high and feels like it’s rising,” said Bob Doll, chief investment officer of Crossmark Global Investments.\nInvestors also await a consumer sentiment reading to be released Friday morning.\nThe three major stock averages are all set to close the week in the green. The Dow is up 0.3% week-to-date, while the S&P 500 is up 0.6% and the Nasdaq Composite is 1.6% higher.\nThe indexes are on track to end the month higher. The Dow is up 0.8% in August. The S&P 500 is 1.7% higher and the Nasdaq Composite is up 1.9% this month.","news_type":1},"isVote":1,"tweetType":1,"viewCount":1134,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810386909,"gmtCreate":1629944531801,"gmtModify":1676530179975,"author":{"id":"3577868544183128","authorId":"3577868544183128","name":"Duuckie","avatar":"https://static.tigerbbs.com/112b2c44cdb2e4be4a91fd61c51ca4e3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577868544183128","authorIdStr":"3577868544183128"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/810386909","repostId":"1197778368","repostType":4,"isVote":1,"tweetType":1,"viewCount":1203,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":810388779,"gmtCreate":1629944509591,"gmtModify":1676530179967,"author":{"id":"3577868544183128","authorId":"3577868544183128","name":"Duuckie","avatar":"https://static.tigerbbs.com/112b2c44cdb2e4be4a91fd61c51ca4e3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577868544183128","authorIdStr":"3577868544183128"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/810388779","repostId":"1197778368","repostType":4,"isVote":1,"tweetType":1,"viewCount":624,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":834559303,"gmtCreate":1629814960302,"gmtModify":1676530140498,"author":{"id":"3577868544183128","authorId":"3577868544183128","name":"Duuckie","avatar":"https://static.tigerbbs.com/112b2c44cdb2e4be4a91fd61c51ca4e3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577868544183128","authorIdStr":"3577868544183128"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/834559303","repostId":"1123156655","repostType":4,"repost":{"id":"1123156655","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1629814580,"share":"https://ttm.financial/m/news/1123156655?lang=&edition=full_marsco","pubTime":"2021-08-24 22:16","market":"us","language":"en","title":"“Infrastructure Plan and Welfare Plan” - The Second “Trouble” That Biden Has to Deal with","url":"https://stock-news.laohu8.com/highlight/detail?id=1123156655","media":"Tiger Newspress","summary":"The crises hidden behind the Kabul airport have formed the first trouble that Biden has to face, as ","content":"<p>The crises hidden behind the Kabul airport have formed the first trouble that Biden has to face, as we discussed in the article posted on August 23. And what's the second problem? The answer is \"infrastructure plan&nbsp;&amp; welfare plan.\"</p>\n<p>The withdrawal of troops from Afghanistan has made the whole world feel the weakening of US military forces. In the meantime, the troop withdrawal has also given the Democratic Party a reason for infighting. Biden's infrastructure plan has been promoted in a high-profile manner since the first day he took office. However, the infrastructure plan encountered obstacles.</p>\n<p>According to the statement made by major investment banks in the United States yesterday, it is impossible for these 9 Democratic centrists to kick against the pricks. One reason is that none of these 9 Democratic congressmen are well-known enough. The second reason is that the bills promoted by the White House in the past 40 years have never been successfully \"kidnapped\" by the Democratic centrists. If the 9 Democratic centrists work together, it is indeed possible to prevent both plans from being passed together. If so, the likelihood that the infrastructure plan will not be passed is going to be thicker. Failure to pass the infrastructure plan will not only lead to the collapse of Biden's advantages but also the breakdown of the Democratic Party's mid-term elections next year. Therefore, the market judges that the $4.5 trillion plan will be launched as scheduled.</p>\n<p>At a superficial level, the struggle is followed by the incompatibility between infrastructure plan and welfare plan; but from a deeper perspective, it is the disharmony between the Democratic centrist and the extreme left-wing.</p>\n<p>It is pretty easy for the infrastructure plan to be approved by Congress and the White House alone. But the extreme left-wing realizes that once the $1 trillion infrastructure plan is passed alone, the $3.5 trillion welfare plan will completely come to nothing. So, the left-wing in the House of Representatives got the drop on the issue, indicating that either the two plans are passed together, or none of them are passed. It is said that there are 50 people in the extreme left-wing under the House of Representatives, which makes it hard to offend them.</p>\n<p>Biden's taking the crown in the White House benefited from his identity of Democratic centrist to a large extent. Not only is he a centrist, but the leaders of both houses of the Democratic Party are holding a background of a centrist. However, after Biden came to power, he was unconsciously coerced by the extreme left-wing in the middle of the policy agenda, and the leaders of the two houses of the Democratic Party were kidnapped in thoughts even more severely.</p>\n<p>In terms of the infrastructure plan and welfare plan, the two congressional leaders of the Democratic Party were very active in tying up the two plans, which finally dragged Biden into the mire. However, the statement made by Biden is still vague, suggesting that he is swaying precariously between the approval of the infrastructure plan and the support for both plans. As a result, both the centrists and the extreme left-wing say that their voice represents Biden's opinion.</p>\n<p>To pass the vote on Monday night, the leaders made great efforts on these 9 people during the weekend. Disappointedly, not only did the efforts beat a dead horse, but more Democrats were willing to join the group of these 9 people, including the 18-member Democratic Party group Blue Dog. The two Democrats in the Senate also supported the loosening of two plans. It should be noted that the support of these two people is necessary for the implementation of the $3.5 trillion plan. Like the predicament of Kabul Airport, if Biden cannot resolve the battle quickly in this fight, the division will inevitably spread.</p>\n<p><b>Now, there are 3 choices that Biden can make:</b></p>\n<p>1.&nbsp;Persuading these 9 people and other centrists to support the bundling of two plans, with the difficulty factor marking 70 points;</p>\n<p>2.&nbsp;Persuading the extreme left-wing to give up the bundling, with the difficulty factor marking 90 points;</p>\n<p>3.&nbsp;Abandoning the support from the extreme left-wing and trying his best to be endorsed by some Republican congressmen to support the infrastructure plan, with the difficulty factor marking 50 points.</p>\n<p>The third choice is the easiest for the president to make. Biden and Democratic leaders are afraid to mention it now because it will make the left-wing feel \"betrayed,\" which may affect the result of the next election. The first choice is relatively easy, with little impact on the later stage. But, as time goes on, the forces of centrists will grow, too.</p>\n<p>If necessary, the decision on the predicament of Kabul Airport will be pended. But for Biden, the implementation of the infrastructure plan is imperative.</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>“Infrastructure Plan and Welfare Plan” - The Second “Trouble” That Biden Has to Deal with</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“Infrastructure Plan and Welfare Plan” - The Second “Trouble” That Biden Has to Deal with\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-08-24 22:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>The crises hidden behind the Kabul airport have formed the first trouble that Biden has to face, as we discussed in the article posted on August 23. And what's the second problem? The answer is \"infrastructure plan&nbsp;&amp; welfare plan.\"</p>\n<p>The withdrawal of troops from Afghanistan has made the whole world feel the weakening of US military forces. In the meantime, the troop withdrawal has also given the Democratic Party a reason for infighting. Biden's infrastructure plan has been promoted in a high-profile manner since the first day he took office. However, the infrastructure plan encountered obstacles.</p>\n<p>According to the statement made by major investment banks in the United States yesterday, it is impossible for these 9 Democratic centrists to kick against the pricks. One reason is that none of these 9 Democratic congressmen are well-known enough. The second reason is that the bills promoted by the White House in the past 40 years have never been successfully \"kidnapped\" by the Democratic centrists. If the 9 Democratic centrists work together, it is indeed possible to prevent both plans from being passed together. If so, the likelihood that the infrastructure plan will not be passed is going to be thicker. Failure to pass the infrastructure plan will not only lead to the collapse of Biden's advantages but also the breakdown of the Democratic Party's mid-term elections next year. Therefore, the market judges that the $4.5 trillion plan will be launched as scheduled.</p>\n<p>At a superficial level, the struggle is followed by the incompatibility between infrastructure plan and welfare plan; but from a deeper perspective, it is the disharmony between the Democratic centrist and the extreme left-wing.</p>\n<p>It is pretty easy for the infrastructure plan to be approved by Congress and the White House alone. But the extreme left-wing realizes that once the $1 trillion infrastructure plan is passed alone, the $3.5 trillion welfare plan will completely come to nothing. So, the left-wing in the House of Representatives got the drop on the issue, indicating that either the two plans are passed together, or none of them are passed. It is said that there are 50 people in the extreme left-wing under the House of Representatives, which makes it hard to offend them.</p>\n<p>Biden's taking the crown in the White House benefited from his identity of Democratic centrist to a large extent. Not only is he a centrist, but the leaders of both houses of the Democratic Party are holding a background of a centrist. However, after Biden came to power, he was unconsciously coerced by the extreme left-wing in the middle of the policy agenda, and the leaders of the two houses of the Democratic Party were kidnapped in thoughts even more severely.</p>\n<p>In terms of the infrastructure plan and welfare plan, the two congressional leaders of the Democratic Party were very active in tying up the two plans, which finally dragged Biden into the mire. However, the statement made by Biden is still vague, suggesting that he is swaying precariously between the approval of the infrastructure plan and the support for both plans. As a result, both the centrists and the extreme left-wing say that their voice represents Biden's opinion.</p>\n<p>To pass the vote on Monday night, the leaders made great efforts on these 9 people during the weekend. Disappointedly, not only did the efforts beat a dead horse, but more Democrats were willing to join the group of these 9 people, including the 18-member Democratic Party group Blue Dog. The two Democrats in the Senate also supported the loosening of two plans. It should be noted that the support of these two people is necessary for the implementation of the $3.5 trillion plan. Like the predicament of Kabul Airport, if Biden cannot resolve the battle quickly in this fight, the division will inevitably spread.</p>\n<p><b>Now, there are 3 choices that Biden can make:</b></p>\n<p>1.&nbsp;Persuading these 9 people and other centrists to support the bundling of two plans, with the difficulty factor marking 70 points;</p>\n<p>2.&nbsp;Persuading the extreme left-wing to give up the bundling, with the difficulty factor marking 90 points;</p>\n<p>3.&nbsp;Abandoning the support from the extreme left-wing and trying his best to be endorsed by some Republican congressmen to support the infrastructure plan, with the difficulty factor marking 50 points.</p>\n<p>The third choice is the easiest for the president to make. Biden and Democratic leaders are afraid to mention it now because it will make the left-wing feel \"betrayed,\" which may affect the result of the next election. The first choice is relatively easy, with little impact on the later stage. But, as time goes on, the forces of centrists will grow, too.</p>\n<p>If necessary, the decision on the predicament of Kabul Airport will be pended. But for Biden, the implementation of the infrastructure plan is imperative.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1123156655","content_text":"The crises hidden behind the Kabul airport have formed the first trouble that Biden has to face, as we discussed in the article posted on August 23. And what's the second problem? The answer is \"infrastructure plan & welfare plan.\"\nThe withdrawal of troops from Afghanistan has made the whole world feel the weakening of US military forces. In the meantime, the troop withdrawal has also given the Democratic Party a reason for infighting. Biden's infrastructure plan has been promoted in a high-profile manner since the first day he took office. However, the infrastructure plan encountered obstacles.\nAccording to the statement made by major investment banks in the United States yesterday, it is impossible for these 9 Democratic centrists to kick against the pricks. One reason is that none of these 9 Democratic congressmen are well-known enough. The second reason is that the bills promoted by the White House in the past 40 years have never been successfully \"kidnapped\" by the Democratic centrists. If the 9 Democratic centrists work together, it is indeed possible to prevent both plans from being passed together. If so, the likelihood that the infrastructure plan will not be passed is going to be thicker. Failure to pass the infrastructure plan will not only lead to the collapse of Biden's advantages but also the breakdown of the Democratic Party's mid-term elections next year. Therefore, the market judges that the $4.5 trillion plan will be launched as scheduled.\nAt a superficial level, the struggle is followed by the incompatibility between infrastructure plan and welfare plan; but from a deeper perspective, it is the disharmony between the Democratic centrist and the extreme left-wing.\nIt is pretty easy for the infrastructure plan to be approved by Congress and the White House alone. But the extreme left-wing realizes that once the $1 trillion infrastructure plan is passed alone, the $3.5 trillion welfare plan will completely come to nothing. So, the left-wing in the House of Representatives got the drop on the issue, indicating that either the two plans are passed together, or none of them are passed. It is said that there are 50 people in the extreme left-wing under the House of Representatives, which makes it hard to offend them.\nBiden's taking the crown in the White House benefited from his identity of Democratic centrist to a large extent. Not only is he a centrist, but the leaders of both houses of the Democratic Party are holding a background of a centrist. However, after Biden came to power, he was unconsciously coerced by the extreme left-wing in the middle of the policy agenda, and the leaders of the two houses of the Democratic Party were kidnapped in thoughts even more severely.\nIn terms of the infrastructure plan and welfare plan, the two congressional leaders of the Democratic Party were very active in tying up the two plans, which finally dragged Biden into the mire. However, the statement made by Biden is still vague, suggesting that he is swaying precariously between the approval of the infrastructure plan and the support for both plans. As a result, both the centrists and the extreme left-wing say that their voice represents Biden's opinion.\nTo pass the vote on Monday night, the leaders made great efforts on these 9 people during the weekend. Disappointedly, not only did the efforts beat a dead horse, but more Democrats were willing to join the group of these 9 people, including the 18-member Democratic Party group Blue Dog. The two Democrats in the Senate also supported the loosening of two plans. It should be noted that the support of these two people is necessary for the implementation of the $3.5 trillion plan. Like the predicament of Kabul Airport, if Biden cannot resolve the battle quickly in this fight, the division will inevitably spread.\nNow, there are 3 choices that Biden can make:\n1. Persuading these 9 people and other centrists to support the bundling of two plans, with the difficulty factor marking 70 points;\n2. Persuading the extreme left-wing to give up the bundling, with the difficulty factor marking 90 points;\n3. Abandoning the support from the extreme left-wing and trying his best to be endorsed by some Republican congressmen to support the infrastructure plan, with the difficulty factor marking 50 points.\nThe third choice is the easiest for the president to make. Biden and Democratic leaders are afraid to mention it now because it will make the left-wing feel \"betrayed,\" which may affect the result of the next election. The first choice is relatively easy, with little impact on the later stage. But, as time goes on, the forces of centrists will grow, too.\nIf necessary, the decision on the predicament of Kabul Airport will be pended. But for Biden, the implementation of the infrastructure plan is imperative.","news_type":1},"isVote":1,"tweetType":1,"viewCount":862,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":835581754,"gmtCreate":1629727068478,"gmtModify":1676530113191,"author":{"id":"3577868544183128","authorId":"3577868544183128","name":"Duuckie","avatar":"https://static.tigerbbs.com/112b2c44cdb2e4be4a91fd61c51ca4e3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577868544183128","authorIdStr":"3577868544183128"},"themes":[],"htmlText":"Wooooo huat","listText":"Wooooo huat","text":"Wooooo huat","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/835581754","repostId":"1103523722","repostType":4,"isVote":1,"tweetType":1,"viewCount":436,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":838111515,"gmtCreate":1629380624637,"gmtModify":1676530021884,"author":{"id":"3577868544183128","authorId":"3577868544183128","name":"Duuckie","avatar":"https://static.tigerbbs.com/112b2c44cdb2e4be4a91fd61c51ca4e3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577868544183128","authorIdStr":"3577868544183128"},"themes":[],"htmlText":"Ggrip","listText":"Ggrip","text":"Ggrip","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/838111515","repostId":"1127010631","repostType":4,"repost":{"id":"1127010631","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1629380357,"share":"https://ttm.financial/m/news/1127010631?lang=&edition=full_marsco","pubTime":"2021-08-19 21:39","market":"us","language":"en","title":"Some China concepts stocks tumbled in morning trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1127010631","media":"Tiger Newspress","summary":"(Aug 19) Some China concepts stocks tumbled in morning trading. \nChinese technology stocks sold off,","content":"<p>(Aug 19)&nbsp;Some China concepts stocks tumbled in morning trading.&nbsp;</p>\n<p>Chinese technology stocks sold off, led by some of the country’s Internet giants, after two government ministries said they were likely to impose additional regulations on the sector.</p>\n<p><img src=\"https://static.tigerbbs.com/e4310f534d8b053edff53a4c9e0acd6f\" tg-width=\"275\" tg-height=\"766\" referrerpolicy=\"no-referrer\"></p>\n<p></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>Some China concepts stocks tumbled in morning trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 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\">\nSome China concepts stocks tumbled in morning trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-08-19 21:39</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Aug 19)&nbsp;Some China concepts stocks tumbled in morning trading.&nbsp;</p>\n<p>Chinese technology stocks sold off, led by some of the country’s Internet giants, after two government ministries said they were likely to impose additional regulations on the sector.</p>\n<p><img src=\"https://static.tigerbbs.com/e4310f534d8b053edff53a4c9e0acd6f\" tg-width=\"275\" tg-height=\"766\" referrerpolicy=\"no-referrer\"></p>\n<p></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":"1127010631","content_text":"(Aug 19) Some China concepts stocks tumbled in morning trading. \nChinese technology stocks sold off, led by some of the country’s Internet giants, after two government ministries said they were likely to impose additional regulations on the sector.","news_type":1},"isVote":1,"tweetType":1,"viewCount":659,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":831160548,"gmtCreate":1629295364484,"gmtModify":1676529995188,"author":{"id":"3577868544183128","authorId":"3577868544183128","name":"Duuckie","avatar":"https://static.tigerbbs.com/112b2c44cdb2e4be4a91fd61c51ca4e3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577868544183128","authorIdStr":"3577868544183128"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/831160548","repostId":"1183500203","repostType":4,"repost":{"id":"1183500203","kind":"news","pubTimestamp":1629295278,"share":"https://ttm.financial/m/news/1183500203?lang=&edition=full_marsco","pubTime":"2021-08-18 22:01","market":"us","language":"en","title":"Minutes of the Fed’s July Meeting Come Today. Look for Clues on the Taper Debate.","url":"https://stock-news.laohu8.com/highlight/detail?id=1183500203","media":"Barron's","summary":"Investors know Federal Reserve officials have started discussing plans to taper monthly bond purchas","content":"<p>Investors know Federal Reserve officials have started discussing plans to taper monthly bond purchases. Minutes from their most recent meeting may show just how splintered the debate stands.</p>\n<p>Minutes from the July 27-28 meeting of the Federal Open Market Committee—the central bank’s rate-setting arm—are set to be released at 2 p.m. Eastern time Wednesday. They come out of a meeting where officials updated their policy statement to acknowledge ongoing strength in economic activity and the job market, as well as rising inflation. Officials caveated the optimism, however, with nods to persistent weakness in pandemic-struck sectors and reiterated the consensus view that price increases reflect transitory factors.&nbsp;</p>\n<p>The official message: It’s time to talk about tapering, but it’s too soon to do it.</p>\n<p>The FOMC in July reiterated that it would continue to buy $120 billion a month in Treasuries and mortgage-backed securities, and it added new language that reinforced expectations that tapering may start in the fourth quarter. The purchase program will remain in place ”until substantial further progress has been made toward its maximum employment and price stability goals,” the Fed repeated after its last meeting, adding: “the economy has made progress toward these goals, and the Committee will continue to assess progress in coming meetings.”</p>\n<p>Behind the scenes, there are opposing views. “The uniquely uneven economic recovery has led to a splintering within the FOMC,” says Kathy Bostjancic, economist at Oxford Economics. The hawks argue that the Fed should start tapering this fall in order to provide leeway to more quickly raise interest rates if inflation doesn’t turn out to be transitory, while the dovish members want to wait for greater clarity around the pace of inflation and the state of the supply-constrained labor market, she says.&nbsp;</p>\n<p>In the weeks since the July meeting concluded, investors have heard from several Fed officials. The picture shaping up is that a growing cadre of officials want to start tapering sooner than later, pointing to bubbling inflation and a relentless rise in home prices. Dallas Fed President Kaplan, the first to say tapering should begin soon, has expressed particular concern over the program’s impact on the housing market. Others in the time-to-taper camp include Boston Fed President Eric Rosengren, St. Louis Fed President James Bullard and Fed governor Christopher Waller, though those so-called hawks disagree about speed (Kaplan wants an 8-month wind-down, for example, while Bullard sees a 5-month runway).</p>\n<p>The key to handicapping taper timing, heading into the July meeting minutes and looking ahead to the Fed’s annual Jackson Hole symposium at the end of August, is where Fed leadership stands. Some of the loudest on tapering aren’t currently voting members, as regional Fed presidents rotate on and off the FOMC. Fed Chairman Jerome Powell’s vote is the most important one, and he’s been clear about where he stands.&nbsp;</p>\n<p>“We’re not at substantial further progress,” Powell told reporters during his July press conference. “There’s a range of views on what timing will be appropriate. And those views ultimately track back to people’s views about the economy and what will happen as we make progress towards our goal.”&nbsp;</p>\n<p>The upshot for investors, at least for now? The scale is still tipped toward tapering later than sooner.&nbsp;</p>\n<p>“While it might appear that we’re leaning toward a September announcement, in fact the Delta variant has weighed so heavily on August’s sentiment data we suspect that offsets any urgency on the part of the Fed,” Lyngen says, referring to the steep drop in consumer confidence reported by the University of Michigan last Friday.&nbsp;</p>\n<p>It isn’t to say that an official tapering announcement in September versus November or December represents a distinction without a difference, Lyngen adds.&nbsp; “After all, the assumption is that the sooner asset purchases are curtailed, the more quickly the Fed can hike rates if inflation dictates.”</p>","source":"lsy1610680873436","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>Minutes of the Fed’s July Meeting Come Today. Look for Clues on the Taper Debate.</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\">\nMinutes of the Fed’s July Meeting Come Today. Look for Clues on the Taper Debate.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-18 22:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/minutes-of-the-feds-july-meeting-come-today-look-for-clues-on-the-taper-debate-51629234831?mod=hp_LEAD_1><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors know Federal Reserve officials have started discussing plans to taper monthly bond purchases. Minutes from their most recent meeting may show just how splintered the debate stands.\nMinutes ...</p>\n\n<a href=\"https://www.barrons.com/articles/minutes-of-the-feds-july-meeting-come-today-look-for-clues-on-the-taper-debate-51629234831?mod=hp_LEAD_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.barrons.com/articles/minutes-of-the-feds-july-meeting-come-today-look-for-clues-on-the-taper-debate-51629234831?mod=hp_LEAD_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183500203","content_text":"Investors know Federal Reserve officials have started discussing plans to taper monthly bond purchases. Minutes from their most recent meeting may show just how splintered the debate stands.\nMinutes from the July 27-28 meeting of the Federal Open Market Committee—the central bank’s rate-setting arm—are set to be released at 2 p.m. Eastern time Wednesday. They come out of a meeting where officials updated their policy statement to acknowledge ongoing strength in economic activity and the job market, as well as rising inflation. Officials caveated the optimism, however, with nods to persistent weakness in pandemic-struck sectors and reiterated the consensus view that price increases reflect transitory factors. \nThe official message: It’s time to talk about tapering, but it’s too soon to do it.\nThe FOMC in July reiterated that it would continue to buy $120 billion a month in Treasuries and mortgage-backed securities, and it added new language that reinforced expectations that tapering may start in the fourth quarter. The purchase program will remain in place ”until substantial further progress has been made toward its maximum employment and price stability goals,” the Fed repeated after its last meeting, adding: “the economy has made progress toward these goals, and the Committee will continue to assess progress in coming meetings.”\nBehind the scenes, there are opposing views. “The uniquely uneven economic recovery has led to a splintering within the FOMC,” says Kathy Bostjancic, economist at Oxford Economics. The hawks argue that the Fed should start tapering this fall in order to provide leeway to more quickly raise interest rates if inflation doesn’t turn out to be transitory, while the dovish members want to wait for greater clarity around the pace of inflation and the state of the supply-constrained labor market, she says. \nIn the weeks since the July meeting concluded, investors have heard from several Fed officials. The picture shaping up is that a growing cadre of officials want to start tapering sooner than later, pointing to bubbling inflation and a relentless rise in home prices. Dallas Fed President Kaplan, the first to say tapering should begin soon, has expressed particular concern over the program’s impact on the housing market. Others in the time-to-taper camp include Boston Fed President Eric Rosengren, St. Louis Fed President James Bullard and Fed governor Christopher Waller, though those so-called hawks disagree about speed (Kaplan wants an 8-month wind-down, for example, while Bullard sees a 5-month runway).\nThe key to handicapping taper timing, heading into the July meeting minutes and looking ahead to the Fed’s annual Jackson Hole symposium at the end of August, is where Fed leadership stands. Some of the loudest on tapering aren’t currently voting members, as regional Fed presidents rotate on and off the FOMC. Fed Chairman Jerome Powell’s vote is the most important one, and he’s been clear about where he stands. \n“We’re not at substantial further progress,” Powell told reporters during his July press conference. “There’s a range of views on what timing will be appropriate. And those views ultimately track back to people’s views about the economy and what will happen as we make progress towards our goal.” \nThe upshot for investors, at least for now? The scale is still tipped toward tapering later than sooner. \n“While it might appear that we’re leaning toward a September announcement, in fact the Delta variant has weighed so heavily on August’s sentiment data we suspect that offsets any urgency on the part of the Fed,” Lyngen says, referring to the steep drop in consumer confidence reported by the University of Michigan last Friday. \nIt isn’t to say that an official tapering announcement in September versus November or December represents a distinction without a difference, Lyngen adds.  “After all, the assumption is that the sooner asset purchases are curtailed, the more quickly the Fed can hike rates if inflation dictates.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":293,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":833136607,"gmtCreate":1629209551609,"gmtModify":1676529967344,"author":{"id":"3577868544183128","authorId":"3577868544183128","name":"Duuckie","avatar":"https://static.tigerbbs.com/112b2c44cdb2e4be4a91fd61c51ca4e3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577868544183128","authorIdStr":"3577868544183128"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/833136607","repostId":"1115558959","repostType":4,"isVote":1,"tweetType":1,"viewCount":497,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":839988267,"gmtCreate":1629116740359,"gmtModify":1676529935060,"author":{"id":"3577868544183128","authorId":"3577868544183128","name":"Duuckie","avatar":"https://static.tigerbbs.com/112b2c44cdb2e4be4a91fd61c51ca4e3","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577868544183128","authorIdStr":"3577868544183128"},"themes":[],"htmlText":"Like pls","listText":"Like pls","text":"Like pls","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/839988267","repostId":"1101175809","repostType":4,"repost":{"id":"1101175809","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1629114508,"share":"https://ttm.financial/m/news/1101175809?lang=&edition=full_marsco","pubTime":"2021-08-16 19:48","market":"us","language":"en","title":"Toplines Before US Market Open on Monday","url":"https://stock-news.laohu8.com/highlight/detail?id=1101175809","media":"Tiger Newspress","summary":"US equity index futures fell and the dollar rose. \nCryptocurrency-exposed stocks rise.\nAlibaba lost ","content":"<ul>\n <li>US equity index futures fell and the dollar rose. </li>\n <li>Cryptocurrency-exposed stocks rise.</li>\n <li>Alibaba lost 1.9% in early trading.</li>\n</ul>\n<p>(Aug 16)&nbsp;U.S. stock-index futures fell and the dollar rose as weak Chinese data and the spread of the coronavirus delta variant sparked worries the global economic rebound is faltering.</p>\n<p>Contracts on the S&amp;P 500 Index declined 0.3% after the underlying gauge notched up another record high on Friday. Commodities declined after Chinese retail sales and industrial outputdatashowed activity slowed. Alibaba Group Holding slid in premarket trading after China’s state media criticized the online-game industry.</p>\n<p>At 7:51 a.m. ET, Dow E-minis were down 110 points, or 0.31%, S&amp;P 500 E-minis were down 13.75 points, or 0.31% and Nasdaq 100 E-minis were&nbsp;down&nbsp;48.25 points, or 0.32%.</p>\n<p><img src=\"https://static.tigerbbs.com/5395f99e0c9e3cbfc3294854a2b341aa\" tg-width=\"1242\" tg-height=\"495\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Stocks making the biggest moves in the premarket:</b></p>\n<p>Sonos(SONO) – Sonos shares surged 10.6% in the premarket after an International Trade Commission judge ruled thatAlphabet’s(GOOGL) Google unit had infringed on some of the high-end speaker company’s audio technology patents. The ruling could eventually lead to an import ban for some Pixel smartphones and Nest audio speakers.</p>\n<p>BHP(BHP) – The world’s biggest mining company said it is in talks to sell its petroleum business to Australian oil and natural gas producer Woodside Petroleum, with BHP also considering other options for the unit. Its shares fell 1.8% premarket.</p>\n<p>T-Mobile US(TMUS) – The wireless carrier said it is investigating claims in an online forum of a data breach that involves the personal data of over 100 million users. The post itself doesn’t mention T-Mobile but Vice Media quotes the purported hacker as saying the data came from T-Mobile servers.</p>\n<p>Chipotle Mexican Grill(CMG) – Raymond James lowered its rating on the restaurant chain’s shares to “outperform” from “strong buy.” The firm said the ratings cut is based entirely on valuation after a 37% jump in the stock over the past six weeks.</p>\n<p>Hyatt Hotels(H) – Hyatt is buying resort operator Apple Leisure Group from private-equity firmsKKR(KKR) and KSL Capital Partners for $2.7 billion. Apple Leisure is the operator of the Secrets, Dreams and Breathless Resorts &amp; Spa chains.</p>\n<p>Coinbase(COIN) – The cryptocurrency exchange operator's shares rose 1.6% in the premarket as the recent crypto rally rolls on. The rally is also helping shares of business analytics companyMicroStrategy(MSTR), which has billions in bitcoin holdings on its balance sheets. MicroStrategy added 2.2% in premarket trading.</p>\n<p>The Honest Company(HNST) – The maker of personal care products was upgraded to “buy” from “neutral” at Guggenheim Securities, citing valuation after a more than 28% tumble for the stock on Friday. That followed a quarterly report for the company that showed a wider-than-expected loss.</p>\n<p>Tencent Music Entertainment(TME) – The music streaming service plans to halt its planned $5 billion initial public offering amid the ongoing regulatory crackdown by the Chinese government, according to Japan’s Nikkei news service. Tencent shares slid 1.3% in premarket action.</p>\n<p>Seagate Technology(STX) – The hard disk drive maker’s shares added 1.3% in premarket trading after UBS upgraded the stock to “buy” from “neutral,” citing positive cyclical and structural dynamics in the industry.</p>\n<p>Oatly(OTLY) – The oat milk producer reported a quarterly loss of 11 cents per share, one cent a share wider than expected. Revenue came in slightly below Wall Street forecasts. Oatly said it was able to overcome both Covid and manufacturing-related headwinds during the quarter, and that it is successfully executing its planned expansion of manufacturing capacity. Oatly shares rose 1% in the premarket.</p>\n<p><b>In FX,</b> the Bloomberg Dollar Spot Index inched higher and the yen and the Swiss franc led an advance among Group-of-10 peers while resource-based currencies such as the Australian dollar and Norwegian krone weakened.<b>The Swiss National Bank appears to have intervened in the currency market to weaken the franc, with the amount of cash commercial lenders hold at the institution increasing by more than a billion francs for a second week running.</b>Australia’s bonds gained and the Aussie dollar slid toward an almost one-month low after surging Covid cases led the NSW government to put the entire state into a weeklong lockdown; offshore sentiment was further weighed down by falling stocks and commodity prices. Japan’s sovereign bonds gained with the yen as a slump in U.S. consumer sentiment and weaker-than-expected Chinese data clouded the global economic outlook. The euro inched lower to around $1.1780 after rallying to a one-week high Friday; options traders are betting volatility in the euro will stay low and ranges will tighten further into year-end even amid the possibility of monetary policy divergence materializing between the Federal Reserve and the European Central Bank. The pound traded little changed against the dollar and the euro ahead of inflation, labor market and retail sales releases later this week; leveraged funds increased bullish bets on the British currency, according to data from the Commodity Futures Trading Commission for the week through Aug. 10</p>\n<p><b>In rates, </b>treasuries were little changed in early U.S. trading after erasing gains that sent yields to lowest levels in at least a week, tracking similar reversals in German and U.K. yields, and rebounding U.S. equity index futures. Yields were mixed across the curve, within 1bp of Friday’s closing levels, the<b>10-year was flat at 1.277% after erasing a 3.2bp drop to 1.245%, lowest since Aug. 6.</b>Coupon auctions ahead this week include $27b 20-year new issue Wednesday, $8b 30Y TIPS reopening Thursday.</p>\n<p><b>Bitcoin</b> traded around $47,400. Its second-day gain helped crypto stocks to rise in premarket deals. Riot Blockchain added 2.5%. Crude oil dropped for a third day as the resurgent pandemic hurt prospects for global demand.</p>\n<p>There is little on today's calendar with the Empire Manufacturing Fed due at 830am, and the latest TIC data after the close.</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>Toplines Before US Market Open on Monday</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\">\nToplines Before US Market Open on Monday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-08-16 19:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>US equity index futures fell and the dollar rose. </li>\n <li>Cryptocurrency-exposed stocks rise.</li>\n <li>Alibaba lost 1.9% in early trading.</li>\n</ul>\n<p>(Aug 16)&nbsp;U.S. stock-index futures fell and the dollar rose as weak Chinese data and the spread of the coronavirus delta variant sparked worries the global economic rebound is faltering.</p>\n<p>Contracts on the S&amp;P 500 Index declined 0.3% after the underlying gauge notched up another record high on Friday. Commodities declined after Chinese retail sales and industrial outputdatashowed activity slowed. Alibaba Group Holding slid in premarket trading after China’s state media criticized the online-game industry.</p>\n<p>At 7:51 a.m. ET, Dow E-minis were down 110 points, or 0.31%, S&amp;P 500 E-minis were down 13.75 points, or 0.31% and Nasdaq 100 E-minis were&nbsp;down&nbsp;48.25 points, or 0.32%.</p>\n<p><img src=\"https://static.tigerbbs.com/5395f99e0c9e3cbfc3294854a2b341aa\" tg-width=\"1242\" tg-height=\"495\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Stocks making the biggest moves in the premarket:</b></p>\n<p>Sonos(SONO) – Sonos shares surged 10.6% in the premarket after an International Trade Commission judge ruled thatAlphabet’s(GOOGL) Google unit had infringed on some of the high-end speaker company’s audio technology patents. The ruling could eventually lead to an import ban for some Pixel smartphones and Nest audio speakers.</p>\n<p>BHP(BHP) – The world’s biggest mining company said it is in talks to sell its petroleum business to Australian oil and natural gas producer Woodside Petroleum, with BHP also considering other options for the unit. Its shares fell 1.8% premarket.</p>\n<p>T-Mobile US(TMUS) – The wireless carrier said it is investigating claims in an online forum of a data breach that involves the personal data of over 100 million users. The post itself doesn’t mention T-Mobile but Vice Media quotes the purported hacker as saying the data came from T-Mobile servers.</p>\n<p>Chipotle Mexican Grill(CMG) – Raymond James lowered its rating on the restaurant chain’s shares to “outperform” from “strong buy.” The firm said the ratings cut is based entirely on valuation after a 37% jump in the stock over the past six weeks.</p>\n<p>Hyatt Hotels(H) – Hyatt is buying resort operator Apple Leisure Group from private-equity firmsKKR(KKR) and KSL Capital Partners for $2.7 billion. Apple Leisure is the operator of the Secrets, Dreams and Breathless Resorts &amp; Spa chains.</p>\n<p>Coinbase(COIN) – The cryptocurrency exchange operator's shares rose 1.6% in the premarket as the recent crypto rally rolls on. The rally is also helping shares of business analytics companyMicroStrategy(MSTR), which has billions in bitcoin holdings on its balance sheets. MicroStrategy added 2.2% in premarket trading.</p>\n<p>The Honest Company(HNST) – The maker of personal care products was upgraded to “buy” from “neutral” at Guggenheim Securities, citing valuation after a more than 28% tumble for the stock on Friday. That followed a quarterly report for the company that showed a wider-than-expected loss.</p>\n<p>Tencent Music Entertainment(TME) – The music streaming service plans to halt its planned $5 billion initial public offering amid the ongoing regulatory crackdown by the Chinese government, according to Japan’s Nikkei news service. Tencent shares slid 1.3% in premarket action.</p>\n<p>Seagate Technology(STX) – The hard disk drive maker’s shares added 1.3% in premarket trading after UBS upgraded the stock to “buy” from “neutral,” citing positive cyclical and structural dynamics in the industry.</p>\n<p>Oatly(OTLY) – The oat milk producer reported a quarterly loss of 11 cents per share, one cent a share wider than expected. Revenue came in slightly below Wall Street forecasts. Oatly said it was able to overcome both Covid and manufacturing-related headwinds during the quarter, and that it is successfully executing its planned expansion of manufacturing capacity. Oatly shares rose 1% in the premarket.</p>\n<p><b>In FX,</b> the Bloomberg Dollar Spot Index inched higher and the yen and the Swiss franc led an advance among Group-of-10 peers while resource-based currencies such as the Australian dollar and Norwegian krone weakened.<b>The Swiss National Bank appears to have intervened in the currency market to weaken the franc, with the amount of cash commercial lenders hold at the institution increasing by more than a billion francs for a second week running.</b>Australia’s bonds gained and the Aussie dollar slid toward an almost one-month low after surging Covid cases led the NSW government to put the entire state into a weeklong lockdown; offshore sentiment was further weighed down by falling stocks and commodity prices. Japan’s sovereign bonds gained with the yen as a slump in U.S. consumer sentiment and weaker-than-expected Chinese data clouded the global economic outlook. The euro inched lower to around $1.1780 after rallying to a one-week high Friday; options traders are betting volatility in the euro will stay low and ranges will tighten further into year-end even amid the possibility of monetary policy divergence materializing between the Federal Reserve and the European Central Bank. The pound traded little changed against the dollar and the euro ahead of inflation, labor market and retail sales releases later this week; leveraged funds increased bullish bets on the British currency, according to data from the Commodity Futures Trading Commission for the week through Aug. 10</p>\n<p><b>In rates, </b>treasuries were little changed in early U.S. trading after erasing gains that sent yields to lowest levels in at least a week, tracking similar reversals in German and U.K. yields, and rebounding U.S. equity index futures. Yields were mixed across the curve, within 1bp of Friday’s closing levels, the<b>10-year was flat at 1.277% after erasing a 3.2bp drop to 1.245%, lowest since Aug. 6.</b>Coupon auctions ahead this week include $27b 20-year new issue Wednesday, $8b 30Y TIPS reopening Thursday.</p>\n<p><b>Bitcoin</b> traded around $47,400. Its second-day gain helped crypto stocks to rise in premarket deals. Riot Blockchain added 2.5%. Crude oil dropped for a third day as the resurgent pandemic hurt prospects for global demand.</p>\n<p>There is little on today's calendar with the Empire Manufacturing Fed due at 830am, and the latest TIC data after the close.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1101175809","content_text":"US equity index futures fell and the dollar rose. \nCryptocurrency-exposed stocks rise.\nAlibaba lost 1.9% in early trading.\n\n(Aug 16) U.S. stock-index futures fell and the dollar rose as weak Chinese data and the spread of the coronavirus delta variant sparked worries the global economic rebound is faltering.\nContracts on the S&P 500 Index declined 0.3% after the underlying gauge notched up another record high on Friday. Commodities declined after Chinese retail sales and industrial outputdatashowed activity slowed. Alibaba Group Holding slid in premarket trading after China’s state media criticized the online-game industry.\nAt 7:51 a.m. ET, Dow E-minis were down 110 points, or 0.31%, S&P 500 E-minis were down 13.75 points, or 0.31% and Nasdaq 100 E-minis were down 48.25 points, or 0.32%.\n\nStocks making the biggest moves in the premarket:\nSonos(SONO) – Sonos shares surged 10.6% in the premarket after an International Trade Commission judge ruled thatAlphabet’s(GOOGL) Google unit had infringed on some of the high-end speaker company’s audio technology patents. The ruling could eventually lead to an import ban for some Pixel smartphones and Nest audio speakers.\nBHP(BHP) – The world’s biggest mining company said it is in talks to sell its petroleum business to Australian oil and natural gas producer Woodside Petroleum, with BHP also considering other options for the unit. Its shares fell 1.8% premarket.\nT-Mobile US(TMUS) – The wireless carrier said it is investigating claims in an online forum of a data breach that involves the personal data of over 100 million users. The post itself doesn’t mention T-Mobile but Vice Media quotes the purported hacker as saying the data came from T-Mobile servers.\nChipotle Mexican Grill(CMG) – Raymond James lowered its rating on the restaurant chain’s shares to “outperform” from “strong buy.” The firm said the ratings cut is based entirely on valuation after a 37% jump in the stock over the past six weeks.\nHyatt Hotels(H) – Hyatt is buying resort operator Apple Leisure Group from private-equity firmsKKR(KKR) and KSL Capital Partners for $2.7 billion. Apple Leisure is the operator of the Secrets, Dreams and Breathless Resorts & Spa chains.\nCoinbase(COIN) – The cryptocurrency exchange operator's shares rose 1.6% in the premarket as the recent crypto rally rolls on. The rally is also helping shares of business analytics companyMicroStrategy(MSTR), which has billions in bitcoin holdings on its balance sheets. MicroStrategy added 2.2% in premarket trading.\nThe Honest Company(HNST) – The maker of personal care products was upgraded to “buy” from “neutral” at Guggenheim Securities, citing valuation after a more than 28% tumble for the stock on Friday. That followed a quarterly report for the company that showed a wider-than-expected loss.\nTencent Music Entertainment(TME) – The music streaming service plans to halt its planned $5 billion initial public offering amid the ongoing regulatory crackdown by the Chinese government, according to Japan’s Nikkei news service. Tencent shares slid 1.3% in premarket action.\nSeagate Technology(STX) – The hard disk drive maker’s shares added 1.3% in premarket trading after UBS upgraded the stock to “buy” from “neutral,” citing positive cyclical and structural dynamics in the industry.\nOatly(OTLY) – The oat milk producer reported a quarterly loss of 11 cents per share, one cent a share wider than expected. Revenue came in slightly below Wall Street forecasts. Oatly said it was able to overcome both Covid and manufacturing-related headwinds during the quarter, and that it is successfully executing its planned expansion of manufacturing capacity. Oatly shares rose 1% in the premarket.\nIn FX, the Bloomberg Dollar Spot Index inched higher and the yen and the Swiss franc led an advance among Group-of-10 peers while resource-based currencies such as the Australian dollar and Norwegian krone weakened.The Swiss National Bank appears to have intervened in the currency market to weaken the franc, with the amount of cash commercial lenders hold at the institution increasing by more than a billion francs for a second week running.Australia’s bonds gained and the Aussie dollar slid toward an almost one-month low after surging Covid cases led the NSW government to put the entire state into a weeklong lockdown; offshore sentiment was further weighed down by falling stocks and commodity prices. Japan’s sovereign bonds gained with the yen as a slump in U.S. consumer sentiment and weaker-than-expected Chinese data clouded the global economic outlook. The euro inched lower to around $1.1780 after rallying to a one-week high Friday; options traders are betting volatility in the euro will stay low and ranges will tighten further into year-end even amid the possibility of monetary policy divergence materializing between the Federal Reserve and the European Central Bank. The pound traded little changed against the dollar and the euro ahead of inflation, labor market and retail sales releases later this week; leveraged funds increased bullish bets on the British currency, according to data from the Commodity Futures Trading Commission for the week through Aug. 10\nIn rates, treasuries were little changed in early U.S. trading after erasing gains that sent yields to lowest levels in at least a week, tracking similar reversals in German and U.K. yields, and rebounding U.S. equity index futures. Yields were mixed across the curve, within 1bp of Friday’s closing levels, the10-year was flat at 1.277% after erasing a 3.2bp drop to 1.245%, lowest since Aug. 6.Coupon auctions ahead this week include $27b 20-year new issue Wednesday, $8b 30Y TIPS reopening Thursday.\nBitcoin traded around $47,400. Its second-day gain helped crypto stocks to rise in premarket deals. Riot Blockchain added 2.5%. Crude oil dropped for a third day as the resurgent pandemic hurt prospects for global demand.\nThere is little on today's calendar with the Empire Manufacturing Fed due at 830am, and the latest TIC data after the 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