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2021-09-12

Nice

@Eldenminaj:What is the greatest investment on earth?How to be a millionaire in the stock market?The answer: $Vanguard S&P 500 ETF(VOO)$Key Takeaways:1. S&P500 Index has returned an average of 11% since its inception in 1920. (100 years).2. Only a handful of investors have beaten the market over the long run. Even Warren Buffet, the God himself, has been lagging the index in the past decade. It is extremely hard to ever beat the index. 3. With a constant investment of just 500 a month for 30 years, you are able to make $ 1.26 million due to the compound interest. And the best part is, you would've only invested $180K, and the interest earned is $1.084 Million4. The S&P500 has had a correction (10% Decline) almost once every year on average,

2021-09-05

Nice read

@ARK女神:?【當一個全職的股票投資者，生活真的會來得更舒適嗎❓】?

2021-08-28

Good

@JRcapital:最近看了一篇文章，心情澎湃。（致期權愛好者）

2021-08-27

Good advice.

@我是股神的小腿毛:【給新股民的建議】聊聊我踩過的坑～

2021-08-14

Good to know

@库巴财经:股票是漲是跌，用這套方法，看開盤前30分鐘就夠了！

2021-08-01

Yes

Expect More Underwhelming Performance for SoFi Shares

2021-07-13

?

昨夜今晨：静待“最强财报季”！三大股指齐创收盘新高

2021-07-05

Great

芒格展现“毒舌”天赋：马云不适合涉足银行业

2021-06-21

Ok

Tech stocks hit a crossroads after the Fed: Sector Watch

2021-06-20

Good article.

Sorry, the original content has been removed

2021-06-15

Good

FOMC Preview: "It's Like The Titanic Running At Full Speed. In Fog. At Night"

2021-06-15

Read.

What to Expect in This Week’s Federal Reserve Meeting

2021-06-13

Good read

@小虎综合资讯:真成投資李劍威：未來有更多有增長潛力的科技企業通過SPAC上市

2021-06-12

Good to read

Five Charts That Show How Much the Crypto Space Just Slowed Down

2021-06-11

$Jiangsu Hengrui Medicine Co.,Ltd.(600276)$not sure what happened ,my Original qty is 200 and yesterday become 240. I try sold all but only able sell at qty 200. Now left 40 without no cost and all show as gain. Can anyone advise me? Thanks

2021-06-09

Wow

Sorry, the original content has been removed

2021-06-09

Good

The 10 Most Talked About Stocks on Reddit Today

2021-06-05

Good

@Hopehope赋予希望:My Updated thoughts on Bitcoin - 5 June 2021

2021-05-30

Good

The Pandemic May Have Changed Vacations – And Travel Stocks Like Airbnb, Marriott, Winnebago – Forever

2021-05-26

Good article.

@Hopehope赋予希望:Daily Market Review (US Markets) - 26 May 2021

Go to Tiger App to see more news

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Even Warren Buffet, the God himself,&nbsp;has been lagging the index in the past decade. It is extremely hard to ever beat the index.&nbsp;3. With a constant investment of just 500 a month for 30 years, you are able to make $ 1.26 million due to the compound interest. And the best part is, you would've only invested $180K, and the interest earned is $1.084 Million4. The S&amp;P500 has had a correction (10% Decline) almost once every year on average,","text":"What is the greatest investment on earth?How to be a millionaire in the stock market?The answer: $Vanguard S&P 500 ETF(VOO)$Key Takeaways:1. S&P500 Index has returned an average of 11% since its inception in 1920. (100 years).2. Only a handful of investors have beaten the market over the long run. Even Warren Buffet, the God himself, has been lagging the index in the past decade. It is extremely hard to ever beat the index. 3. With a constant investment of just 500 a month for 30 years, you are able to make $ 1.26 million due to the compound interest. And the best part is, you would've only invested $180K, and the interest earned is $1.084 Million4. The S&P500 has had a correction (10% Decline) almost once every year on average,","images":[{"img":"https://static.tigerbbs.com/e3b93af6b5484f30c3d608fe863e6547","width":"1080","height":"3162"}],"top":1,"highlighted":2,"essential":2,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/816190579","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814847219,"gmtCreate":1630808546231,"gmtModify":1676530398152,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Nice read","listText":"Nice read","text":"Nice read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/814847219","repostId":"813462031","repostType":1,"repost":{"id":813462031,"gmtCreate":1630232371223,"gmtModify":1676530248262,"author":{"id":"3561958952819268","authorId":"3561958952819268","name":"ARK女神","avatar":"https://static.tigerbbs.com/3f4dec49acccdeef585e67230709521a","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3561958952819268","authorIdStr":"3561958952819268"},"themes":[],"title":"?【當一個全職的股票投資者，生活真的會來得更舒適嗎❓】?","htmlText":"身爲一個全職股票投資者，首先，你一定要有一定的本錢與良好的成績你纔好考慮當個全職股票投資者。要不然你很大可能會放棄，因爲你需要承受太多壓力，好比金錢上的壓力是每個人最大的煩惱。在你想要當全職股票投資者時，你需要好好考慮好幾件事情才做決定。 1. 你手頭上有沒有很多負擔像是房貸，車貸，家裏的開銷，還是卡債。然後你得問一下你自己你喜歡投資嗎，喜歡股票嗎❓?當全職投資者，是個很納悶的工作。你除了每天看着股票，研究股票，你也需要有朋友一起聊聊股票，一起訴苦，不然的話日子也是很難過的。 2. 不單單只是投資而已，你也需要分配好資金，比如一些資金是投資成長的公司，一些是投機在高風險的股票賺取零用錢，別聽那些人說一定要長期投資還是持有，那是因爲他們買在高點所以中套了才那麼說。不是每個人都有那個耐心，你如果是個全職投資者，你也是需要吃飯，所以投機也是個必學的功夫。如果你的生活是靠股市來生活，你需要很大的勇氣才能當一個全職投資者。每個人都有個人的方法，但是最重要是你需要賺到錢。 3. 股市好還是壞其實也能賺到錢，你學完了全部的基本面和技術面也不一定包你在股市裏賺到錢，其實最重要的是你需穩定的情緒管理，資金的管理和各種各樣在股市裏的經驗。你需要嘗試過輸錢的經歷和賺錢的感受，但是你必須達到一個目標就是輸錢或贏錢時你也不會有什麼感受。這一點應該每個人都很難做到吧！所以我想說，不是每個人能承受這種壓力。當你是個員工，你基本上可以過個簡單的生活，也不需要煩惱金錢上的問題，你每個月都會得到穩定的收入，你只會煩惱你完成工作的期限以及需要完成什麼工作給老闆罷了。 5. 當一個全職股票投資者，你的思想思維就要像一個老闆在做生意那樣，然後把你的資金變大，如何管理好你的資金，然後保持賺錢的狀態(贏多輸少) 。你最開心的事情莫過於你沒有員工，不需要煩惱如果沒賺錢要如何給員工工錢，你只需要對自己和家人負責罷了。有的也","listText":"身爲一個全職股票投資者，首先，你一定要有一定的本錢與良好的成績你纔好考慮當個全職股票投資者。要不然你很大可能會放棄，因爲你需要承受太多壓力，好比金錢上的壓力是每個人最大的煩惱。在你想要當全職股票投資者時，你需要好好考慮好幾件事情才做決定。 1. 你手頭上有沒有很多負擔像是房貸，車貸，家裏的開銷，還是卡債。然後你得問一下你自己你喜歡投資嗎，喜歡股票嗎❓?當全職投資者，是個很納悶的工作。你除了每天看着股票，研究股票，你也需要有朋友一起聊聊股票，一起訴苦，不然的話日子也是很難過的。 2. 不單單只是投資而已，你也需要分配好資金，比如一些資金是投資成長的公司，一些是投機在高風險的股票賺取零用錢，別聽那些人說一定要長期投資還是持有，那是因爲他們買在高點所以中套了才那麼說。不是每個人都有那個耐心，你如果是個全職投資者，你也是需要吃飯，所以投機也是個必學的功夫。如果你的生活是靠股市來生活，你需要很大的勇氣才能當一個全職投資者。每個人都有個人的方法，但是最重要是你需要賺到錢。 3. 股市好還是壞其實也能賺到錢，你學完了全部的基本面和技術面也不一定包你在股市裏賺到錢，其實最重要的是你需穩定的情緒管理，資金的管理和各種各樣在股市裏的經驗。你需要嘗試過輸錢的經歷和賺錢的感受，但是你必須達到一個目標就是輸錢或贏錢時你也不會有什麼感受。這一點應該每個人都很難做到吧！所以我想說，不是每個人能承受這種壓力。當你是個員工，你基本上可以過個簡單的生活，也不需要煩惱金錢上的問題，你每個月都會得到穩定的收入，你只會煩惱你完成工作的期限以及需要完成什麼工作給老闆罷了。 5. 當一個全職股票投資者，你的思想思維就要像一個老闆在做生意那樣，然後把你的資金變大，如何管理好你的資金，然後保持賺錢的狀態(贏多輸少) 。你最開心的事情莫過於你沒有員工，不需要煩惱如果沒賺錢要如何給員工工錢，你只需要對自己和家人負責罷了。有的也","text":"身爲一個全職股票投資者，首先，你一定要有一定的本錢與良好的成績你纔好考慮當個全職股票投資者。要不然你很大可能會放棄，因爲你需要承受太多壓力，好比金錢上的壓力是每個人最大的煩惱。在你想要當全職股票投資者時，你需要好好考慮好幾件事情才做決定。 1. 你手頭上有沒有很多負擔像是房貸，車貸，家裏的開銷，還是卡債。然後你得問一下你自己你喜歡投資嗎，喜歡股票嗎❓?當全職投資者，是個很納悶的工作。你除了每天看着股票，研究股票，你也需要有朋友一起聊聊股票，一起訴苦，不然的話日子也是很難過的。 2. 不單單只是投資而已，你也需要分配好資金，比如一些資金是投資成長的公司，一些是投機在高風險的股票賺取零用錢，別聽那些人說一定要長期投資還是持有，那是因爲他們買在高點所以中套了才那麼說。不是每個人都有那個耐心，你如果是個全職投資者，你也是需要吃飯，所以投機也是個必學的功夫。如果你的生活是靠股市來生活，你需要很大的勇氣才能當一個全職投資者。每個人都有個人的方法，但是最重要是你需要賺到錢。 3. 股市好還是壞其實也能賺到錢，你學完了全部的基本面和技術面也不一定包你在股市裏賺到錢，其實最重要的是你需穩定的情緒管理，資金的管理和各種各樣在股市裏的經驗。你需要嘗試過輸錢的經歷和賺錢的感受，但是你必須達到一個目標就是輸錢或贏錢時你也不會有什麼感受。這一點應該每個人都很難做到吧！所以我想說，不是每個人能承受這種壓力。當你是個員工，你基本上可以過個簡單的生活，也不需要煩惱金錢上的問題，你每個月都會得到穩定的收入，你只會煩惱你完成工作的期限以及需要完成什麼工作給老闆罷了。 5. 當一個全職股票投資者，你的思想思維就要像一個老闆在做生意那樣，然後把你的資金變大，如何管理好你的資金，然後保持賺錢的狀態(贏多輸少) 。你最開心的事情莫過於你沒有員工，不需要煩惱如果沒賺錢要如何給員工工錢，你只需要對自己和家人負責罷了。有的也","images":[],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/813462031","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":378,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813016318,"gmtCreate":1630113561134,"gmtModify":1676530227275,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/813016318","repostId":"832881553","repostType":1,"repost":{"id":832881553,"gmtCreate":1629606234772,"gmtModify":1676530078773,"author":{"id":"3507165607850338","authorId":"3507165607850338","name":"JRcapital","avatar":"https://static.tigerbbs.com/8b5a6dd40cd8a471b6b40adb6a0604ce","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3507165607850338","authorIdStr":"3507165607850338"},"themes":[],"title":"最近看了一篇文章，心情澎湃。（致期權愛好者）","htmlText":"各位虎友，週末愉快，以後爭取每週發一篇期權策略相關的文章，大家有看到好的文章可以推薦給我，一起討論學習其中的期權策略。最近看到一篇\"22萬美金覆盤“的文章，看了之後心情很澎湃，給我們這樣常年期權歸零的期權愛好者是一個很大的鼓舞和一劑強心劑。再次鳴謝老虎證券和文章作者的分享，我認真的進行了拜讀，跟各位虎友一起學習學習。（提前申明：此文如有不合適之處，如有侵權之處，請聯繫我改正文章或刪除文章。）此圖是我今年的投資戰況，今年和往常一樣又是歸零的一年，年年歲歲虧損歸零，歲歲年年股票不同。一直在探索適合自己的期權策略，目前還未成功，但希望這一天不遠。下圖是“22萬美金覆盤”作者的資產回顧，投去22萬次羨慕的眼光。言歸正傳，作爲期權愛好者，我們很想知道，上文作者如何利用期權策略，從6月初的7千美金到8月初的22萬美金。我們主要分析上文作者主要的兩次期權盈利操作，BNTX和MRNA。上文作者的期權策略很簡單，就是中長期的CALL,買入到期時間還有大概6個月的看漲期權，買入之後股價基本都是翻倍。作爲期權愛好者，值得我們學習的地方。兩次操作取到巨大成功的因素分析：宏觀分析和個股分析，以及技術分析。最後，寫在最後的感悟，投資是一場心靈脩煉之路，通過一次次的失敗走向成功。投資最考驗人的心理素質，我們會面臨着許多考驗，比如，買的股票漲了捨不得賣，最後又回調了，虧損了。然後虧損了也捨不得割，最後被套牢了。如果每隻操作的股票，我們都面臨着何時買入和何時賣出的靈魂考驗，那麼我們最終大概率都會虧光。所以，我們要去設計自己的交易策略，然後去實際操作檢驗它，直到找到適合自己的操作策略。比如上文作者的交易策略就是利用中長期CALL操作自己通過宏觀分析、技術分析、個股分析合適的股票買入，我想上文作者找到適合他自己的操作策略之前，一定也經歷了數不清的虧損和心理壓力，現在的成功是一直保持學習和實踐的結果。股市裏的錢就","listText":"各位虎友，週末愉快，以後爭取每週發一篇期權策略相關的文章，大家有看到好的文章可以推薦給我，一起討論學習其中的期權策略。最近看到一篇\"22萬美金覆盤“的文章，看了之後心情很澎湃，給我們這樣常年期權歸零的期權愛好者是一個很大的鼓舞和一劑強心劑。再次鳴謝老虎證券和文章作者的分享，我認真的進行了拜讀，跟各位虎友一起學習學習。（提前申明：此文如有不合適之處，如有侵權之處，請聯繫我改正文章或刪除文章。）此圖是我今年的投資戰況，今年和往常一樣又是歸零的一年，年年歲歲虧損歸零，歲歲年年股票不同。一直在探索適合自己的期權策略，目前還未成功，但希望這一天不遠。下圖是“22萬美金覆盤”作者的資產回顧，投去22萬次羨慕的眼光。言歸正傳，作爲期權愛好者，我們很想知道，上文作者如何利用期權策略，從6月初的7千美金到8月初的22萬美金。我們主要分析上文作者主要的兩次期權盈利操作，BNTX和MRNA。上文作者的期權策略很簡單，就是中長期的CALL,買入到期時間還有大概6個月的看漲期權，買入之後股價基本都是翻倍。作爲期權愛好者，值得我們學習的地方。兩次操作取到巨大成功的因素分析：宏觀分析和個股分析，以及技術分析。最後，寫在最後的感悟，投資是一場心靈脩煉之路，通過一次次的失敗走向成功。投資最考驗人的心理素質，我們會面臨着許多考驗，比如，買的股票漲了捨不得賣，最後又回調了，虧損了。然後虧損了也捨不得割，最後被套牢了。如果每隻操作的股票，我們都面臨着何時買入和何時賣出的靈魂考驗，那麼我們最終大概率都會虧光。所以，我們要去設計自己的交易策略，然後去實際操作檢驗它，直到找到適合自己的操作策略。比如上文作者的交易策略就是利用中長期CALL操作自己通過宏觀分析、技術分析、個股分析合適的股票買入，我想上文作者找到適合他自己的操作策略之前，一定也經歷了數不清的虧損和心理壓力，現在的成功是一直保持學習和實踐的結果。股市裏的錢就","text":"各位虎友，週末愉快，以後爭取每週發一篇期權策略相關的文章，大家有看到好的文章可以推薦給我，一起討論學習其中的期權策略。最近看到一篇\"22萬美金覆盤“的文章，看了之後心情很澎湃，給我們這樣常年期權歸零的期權愛好者是一個很大的鼓舞和一劑強心劑。再次鳴謝老虎證券和文章作者的分享，我認真的進行了拜讀，跟各位虎友一起學習學習。（提前申明：此文如有不合適之處，如有侵權之處，請聯繫我改正文章或刪除文章。）此圖是我今年的投資戰況，今年和往常一樣又是歸零的一年，年年歲歲虧損歸零，歲歲年年股票不同。一直在探索適合自己的期權策略，目前還未成功，但希望這一天不遠。下圖是“22萬美金覆盤”作者的資產回顧，投去22萬次羨慕的眼光。言歸正傳，作爲期權愛好者，我們很想知道，上文作者如何利用期權策略，從6月初的7千美金到8月初的22萬美金。我們主要分析上文作者主要的兩次期權盈利操作，BNTX和MRNA。上文作者的期權策略很簡單，就是中長期的CALL,買入到期時間還有大概6個月的看漲期權，買入之後股價基本都是翻倍。作爲期權愛好者，值得我們學習的地方。兩次操作取到巨大成功的因素分析：宏觀分析和個股分析，以及技術分析。最後，寫在最後的感悟，投資是一場心靈脩煉之路，通過一次次的失敗走向成功。投資最考驗人的心理素質，我們會面臨着許多考驗，比如，買的股票漲了捨不得賣，最後又回調了，虧損了。然後虧損了也捨不得割，最後被套牢了。如果每隻操作的股票，我們都面臨着何時買入和何時賣出的靈魂考驗，那麼我們最終大概率都會虧光。所以，我們要去設計自己的交易策略，然後去實際操作檢驗它，直到找到適合自己的操作策略。比如上文作者的交易策略就是利用中長期CALL操作自己通過宏觀分析、技術分析、個股分析合適的股票買入，我想上文作者找到適合他自己的操作策略之前，一定也經歷了數不清的虧損和心理壓力，現在的成功是一直保持學習和實踐的結果。股市裏的錢就","images":[{"img":"https://static.tigerbbs.com/de38019e53785a7dab32a01ef76d20e1"},{"img":"https://static.tigerbbs.com/d5fb2d5b2737d762b080ab9914e4de11"},{"img":"https://static.tigerbbs.com/ede71012afe33b6c5655488473ac64bc"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/832881553","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":6,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":328,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":819806512,"gmtCreate":1630051386036,"gmtModify":1676530210906,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Good advice.&nbsp;","listText":"Good advice.&nbsp;","text":"Good advice.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/819806512","repostId":"810595522","repostType":1,"repost":{"id":810595522,"gmtCreate":1629985538360,"gmtModify":1676530192713,"author":{"id":"20733756400840","authorId":"20733756400840","name":"我是股神的小腿毛","avatar":"https://static.tigerbbs.com/3d2a54ec91bee908d0ce0a36809b8199","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"20733756400840","authorIdStr":"20733756400840"},"themes":[],"title":"【給新股民的建議】聊聊我踩過的坑～","htmlText":"前兩天看到小虎活動新上了一個話題叫“給新股民的建議，我認爲對於一個美股新手而言，入市後要做的第一件事其實並不是去選好標的，而是應該先學如何排雷，先要知道有哪些坑是萬萬碰不得的。今天想跟大家分享一下讓我印象最深刻的幾個坑，也希望新來的朋友不要跟我一樣～ 做空 我2015年老虎開戶入金了，應該算是老韭菜了。那時候適逢股災，大盤跌了不少，我發現基本上手裏的股票都在跌，後來就迷上了做空。估計很多朋友對做空還不瞭解，做多是先買後賣，而做空就是先點擊賣出再點擊買入，當我們預測股票在未來會下跌的時候，我們就可以嘗試做空。像是之前暴雷的瑞幸，以及遭遇監管的教育股，都是不錯的做空標的。 不過我做空卻是遭到了打臉，當時我做空了一家挖掘機公司，當時2015年機械產業整體下跌，煤炭公司面臨高額債務纏身，倒閉的企業更是數不勝數，我就在想既然是不被看好的行業，或許可以長期做空，剛開始略有小賺，後來JOY就跟發了瘋似的，無論財報差不差，他都翻倍的漲，後來扛不住了，就止損了，沒想到不久這家公司就被收購了，（當時一點風聲都被沒傳出來啊）後期儘管看到不少油氣公司抱團倒閉，寶寶因爲害怕死貓跳，再也沒有跟進過。 對新股民的建議是，做多的情況下，我們最多虧損100%，做空的風險無限大。首先會面臨軋空的風險，年初的<a target=\"_blank\" href=\"https://laohu8.com/S/GME\">$遊戲驛站(GME)$</a> 暴漲，讓一衆機構盡折腰，其次還有可能遇到無法做空，有些人會問某某股票現在不支持賣空，什麼時候可以支持，這個就需要看賣空池什麼時候有券了，這個是無法確定的，像是一些常年被做空的票，很多情況下融券池都不是很充裕，我記得去年的瑞幸就很難借到券做空，極端情況下，還有可能會被提前贖回。此外，做空的融券利息也不便宜，美國市場化還是很徹底的，根據股票的出借的難易程度會有不同對應的融券利率。","listText":"前兩天看到小虎活動新上了一個話題叫“給新股民的建議，我認爲對於一個美股新手而言，入市後要做的第一件事其實並不是去選好標的，而是應該先學如何排雷，先要知道有哪些坑是萬萬碰不得的。今天想跟大家分享一下讓我印象最深刻的幾個坑，也希望新來的朋友不要跟我一樣～ 做空 我2015年老虎開戶入金了，應該算是老韭菜了。那時候適逢股災，大盤跌了不少，我發現基本上手裏的股票都在跌，後來就迷上了做空。估計很多朋友對做空還不瞭解，做多是先買後賣，而做空就是先點擊賣出再點擊買入，當我們預測股票在未來會下跌的時候，我們就可以嘗試做空。像是之前暴雷的瑞幸，以及遭遇監管的教育股，都是不錯的做空標的。 不過我做空卻是遭到了打臉，當時我做空了一家挖掘機公司，當時2015年機械產業整體下跌，煤炭公司面臨高額債務纏身，倒閉的企業更是數不勝數，我就在想既然是不被看好的行業，或許可以長期做空，剛開始略有小賺，後來JOY就跟發了瘋似的，無論財報差不差，他都翻倍的漲，後來扛不住了，就止損了，沒想到不久這家公司就被收購了，（當時一點風聲都被沒傳出來啊）後期儘管看到不少油氣公司抱團倒閉，寶寶因爲害怕死貓跳，再也沒有跟進過。 對新股民的建議是，做多的情況下，我們最多虧損100%，做空的風險無限大。首先會面臨軋空的風險，年初的<a target=\"_blank\" href=\"https://laohu8.com/S/GME\">$遊戲驛站(GME)$</a> 暴漲，讓一衆機構盡折腰，其次還有可能遇到無法做空，有些人會問某某股票現在不支持賣空，什麼時候可以支持，這個就需要看賣空池什麼時候有券了，這個是無法確定的，像是一些常年被做空的票，很多情況下融券池都不是很充裕，我記得去年的瑞幸就很難借到券做空，極端情況下，還有可能會被提前贖回。此外，做空的融券利息也不便宜，美國市場化還是很徹底的，根據股票的出借的難易程度會有不同對應的融券利率。","text":"前兩天看到小虎活動新上了一個話題叫“給新股民的建議，我認爲對於一個美股新手而言，入市後要做的第一件事其實並不是去選好標的，而是應該先學如何排雷，先要知道有哪些坑是萬萬碰不得的。今天想跟大家分享一下讓我印象最深刻的幾個坑，也希望新來的朋友不要跟我一樣～ 做空 我2015年老虎開戶入金了，應該算是老韭菜了。那時候適逢股災，大盤跌了不少，我發現基本上手裏的股票都在跌，後來就迷上了做空。估計很多朋友對做空還不瞭解，做多是先買後賣，而做空就是先點擊賣出再點擊買入，當我們預測股票在未來會下跌的時候，我們就可以嘗試做空。像是之前暴雷的瑞幸，以及遭遇監管的教育股，都是不錯的做空標的。 不過我做空卻是遭到了打臉，當時我做空了一家挖掘機公司，當時2015年機械產業整體下跌，煤炭公司面臨高額債務纏身，倒閉的企業更是數不勝數，我就在想既然是不被看好的行業，或許可以長期做空，剛開始略有小賺，後來JOY就跟發了瘋似的，無論財報差不差，他都翻倍的漲，後來扛不住了，就止損了，沒想到不久這家公司就被收購了，（當時一點風聲都被沒傳出來啊）後期儘管看到不少油氣公司抱團倒閉，寶寶因爲害怕死貓跳，再也沒有跟進過。 對新股民的建議是，做多的情況下，我們最多虧損100%，做空的風險無限大。首先會面臨軋空的風險，年初的$遊戲驛站(GME)$ 暴漲，讓一衆機構盡折腰，其次還有可能遇到無法做空，有些人會問某某股票現在不支持賣空，什麼時候可以支持，這個就需要看賣空池什麼時候有券了，這個是無法確定的，像是一些常年被做空的票，很多情況下融券池都不是很充裕，我記得去年的瑞幸就很難借到券做空，極端情況下，還有可能會被提前贖回。此外，做空的融券利息也不便宜，美國市場化還是很徹底的，根據股票的出借的難易程度會有不同對應的融券利率。","images":[{"img":"https://static.tigerbbs.com/9aa61b004e46affa2e3c8c8084aaf5a9","width":"1068","height":"694"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/810595522","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":390,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":897693466,"gmtCreate":1628909969155,"gmtModify":1676529891592,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Good to know","listText":"Good to know","text":"Good to know","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/897693466","repostId":"898206912","repostType":1,"repost":{"id":898206912,"gmtCreate":1628497888236,"gmtModify":1703507088482,"author":{"id":"3582524673862453","authorId":"3582524673862453","name":"库巴财经","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3582524673862453","authorIdStr":"3582524673862453"},"themes":[],"title":"股票是漲是跌，用這套方法，看開盤前30分鐘就夠了！","htmlText":"很多短線高手只需要看開盤30分鐘就能判斷股票一天的漲跌，他們是怎麼做到的呢？今天就把他們的方法分享給大家。尤其是最後一點，非常實用。第一，開盤30分鐘，先下跌，再反彈，但反彈不超過開盤價，反彈後快速回落，說明股票走勢非常弱，還會繼續下跌。第二，開盤30分鐘，先漲後跌，並且快速跌破開盤價，這種情況往往引發失望性拋盤，繼續下跌。第三，開盤30分鐘，先漲後跌，但沒有跌破開盤價，這是洗盤的典型特徵，後期看漲。第四點，非常關鍵，開盤30分鐘出現小幅拉昇，但不超過5個點，隨後股價在分時均價線的上方運行，同時伴隨着量能的逐漸放大，說明主力可能會有大動作。以上四種情況，建議大家反覆練習，多看幾遍，這樣才能在實踐中融會貫通。你還有什麼看盤方法，歡迎留言討論~關注庫巴老師<a target=\"_blank\" href=\"https://laohu8.com/U/3582524673862453\">@庫巴財經</a>&nbsp;，每天爲你分享股市乾貨！<a target=\"_blank\" href=\"https://laohu8.com/S/00981\">$中芯國際(00981)$</a>&nbsp;<a target=\"_blank\" href=\"https://laohu8.com/S/01024\">$快手-W(01024)$</a>&nbsp;<a target=\"_blank\" href=\"https://laohu8.com/S/01810\">$小米集團-W(01810)$</a>&nbsp;","listText":"很多短線高手只需要看開盤30分鐘就能判斷股票一天的漲跌，他們是怎麼做到的呢？今天就把他們的方法分享給大家。尤其是最後一點，非常實用。第一，開盤30分鐘，先下跌，再反彈，但反彈不超過開盤價，反彈後快速回落，說明股票走勢非常弱，還會繼續下跌。第二，開盤30分鐘，先漲後跌，並且快速跌破開盤價，這種情況往往引發失望性拋盤，繼續下跌。第三，開盤30分鐘，先漲後跌，但沒有跌破開盤價，這是洗盤的典型特徵，後期看漲。第四點，非常關鍵，開盤30分鐘出現小幅拉昇，但不超過5個點，隨後股價在分時均價線的上方運行，同時伴隨着量能的逐漸放大，說明主力可能會有大動作。以上四種情況，建議大家反覆練習，多看幾遍，這樣才能在實踐中融會貫通。你還有什麼看盤方法，歡迎留言討論~關注庫巴老師<a target=\"_blank\" href=\"https://laohu8.com/U/3582524673862453\">@庫巴財經</a>&nbsp;，每天爲你分享股市乾貨！<a target=\"_blank\" href=\"https://laohu8.com/S/00981\">$中芯國際(00981)$</a>&nbsp;<a target=\"_blank\" href=\"https://laohu8.com/S/01024\">$快手-W(01024)$</a>&nbsp;<a target=\"_blank\" href=\"https://laohu8.com/S/01810\">$小米集團-W(01810)$</a>&nbsp;","text":"很多短線高手只需要看開盤30分鐘就能判斷股票一天的漲跌，他們是怎麼做到的呢？今天就把他們的方法分享給大家。尤其是最後一點，非常實用。第一，開盤30分鐘，先下跌，再反彈，但反彈不超過開盤價，反彈後快速回落，說明股票走勢非常弱，還會繼續下跌。第二，開盤30分鐘，先漲後跌，並且快速跌破開盤價，這種情況往往引發失望性拋盤，繼續下跌。第三，開盤30分鐘，先漲後跌，但沒有跌破開盤價，這是洗盤的典型特徵，後期看漲。第四點，非常關鍵，開盤30分鐘出現小幅拉昇，但不超過5個點，隨後股價在分時均價線的上方運行，同時伴隨着量能的逐漸放大，說明主力可能會有大動作。以上四種情況，建議大家反覆練習，多看幾遍，這樣才能在實踐中融會貫通。你還有什麼看盤方法，歡迎留言討論~關注庫巴老師@庫巴財經 ，每天爲你分享股市乾貨！$中芯國際(00981)$ $快手-W(01024)$ $小米集團-W(01810)$","images":[{"img":"https://static.tigerbbs.com/404e46daa996a798b23b52e511232340","width":"566","height":"202"},{"img":"https://static.tigerbbs.com/262c31424ee89a9650f283d86fc12c1b","width":"524","height":"236"},{"img":"https://static.tigerbbs.com/ba2cb4d2e0d6fc971ada076fb59c29f4","width":"688","height":"353"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/898206912","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":4,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":350,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802739788,"gmtCreate":1627804808644,"gmtModify":1703496125913,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Yes&nbsp;","listText":"Yes&nbsp;","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/802739788","repostId":"1147877145","repostType":2,"repost":{"id":"1147877145","pubTimestamp":1627784916,"share":"https://ttm.financial/m/news/1147877145?lang=&edition=fundamental","pubTime":"2021-08-01 10:28","market":"us","language":"en","title":"Expect More Underwhelming Performance for SoFi Shares","url":"https://stock-news.laohu8.com/highlight/detail?id=1147877145","media":"InvestorPlace","summary":"The odds of a rapid rebound for fintech play SOFI stock appear dim.\n\nAsSoFiTechnologies(NASDAQ:SOFI)","content":"<blockquote>\n <b>The odds of a rapid rebound for fintech play SOFI stock appear dim.</b>\n</blockquote>\n<p>As<b>SoFiTechnologies</b>(NASDAQ:<b><u>SOFI</u></b>) stock falls back to around $15 per share, is now the time to buy? Not really. Over a long enough timeframe, entering a position in the fintech company’s shares right now could end up being a highly profitable move.</p>\n<p>Assuming of course, that it becomes the next<b>PayPal</b>(NASDAQ:<b><u>PYPL</u></b>) or<b>Square</b>(NYSE:<b><u>SQ</u></b>). Even so, that doesn’t mean there’s an urgent need to rush out and buy it today. More likely than not, the stock will deliver underwhelming returns in the months ahead.</p>\n<p>Why? The negative factors that have been weighing down on growth stocks. First, the risk that a hike in interest rates will result in avaluation contraction for richly priced namessuch as this one. Second, slowing economic growth could be another risk for shares. If today’s booming economy takes a breather, it may be tough for SoFi to deliver the blockbuster quarterly results investors expect from it.</p>\n<p>With the possibility of it languishing at $15 per share. Or worse yet, falling to $10 per share or less, the best move hasn’t changed in the past month. If you’re still bullish on it? Take your time when it comes to entering a position.</p>\n<p><b>SOFI Stock and Possible Further Downside</b></p>\n<p>After itsJune 1 deSPACing, SoFi shares seemed primed to make a comeback. Not only that, it seemed like the reputation of Chamath Palihapitiya, the sponsor of this former SPAC (special purpose acquisition company) was making a comeback as well.</p>\n<p>Yet, flash-forward around two months, and it seems like things are getting to where they were after last spring’s“SPAC Wipeout.”Investors haven’t shown much interest in Palihapitiya’slatest SPAC venture has been met with a yawn. Shares in his higher-profile holdings, like SOFI stock, along with<b>Clover Health</b>(NASDAQ:<b><u>CLOV</u></b>) stock have again lost their luster as well.</p>\n<p>SoFi has fallen back once again. But don’t assume it’s bottomed out. Not as much to do with any issues with the company itself. Instead, due to economy-wide factors that may result in it making another move to lower price levels. Again, as I’ve discussed previously, rising interest rates could have a big negative impact on its share price. Even as rising rates will be good for the company’s lending operations, this could be more than countered by valuation contraction.</p>\n<p>Giving things another look, it’s clear there’s another risk factor that could knock down the stock once again. That’s the potential for economic growth to start slowing down.</p>\n<p><b>High Valuation</b></p>\n<p>SOFI stock may be down big from its all-time high. But at today’s levels, it remains a “priced for perfection” situation. With projections calling for high double-digit growth, and recent results pointing to itbeating guidance, investors continue to have no trouble giving this stock a rich valuation.</p>\n<p>At $15 per share, shares trade for around 8.4x estimated 2022 revenues. Some, including<i>InvestorPlace’s</i>Larry Ramer, have questioned whether it makes sense to value this companymore like a tech firm than a bank. I also see this as an area of concern. Yet I don’t expect this factor alone to be what knocks it down to lower prices.</p>\n<p>What will? Again, it’s a sooner-than-expected rise in interest rates that could send shares down to even lower prices. But that’s not the only thing that could do so. Even if the Federal Reserve doesn’t turn on a dime, and shift from dovish to hawkish monetary policy, SOFI stock could find itself in trouble. How? If it starts delivering disappointing quarterly results.</p>\n<p>Sure, this may not happen in the immediate future. Yet, the above-average economic growth seen during the pandemic recovery/reopeningcould be running out of gas. If the economy starts to slow? It may get tougher for SoFi to live up to the high expectations currently priced into shares. Along with the valuation contraction risk, this is something else that could it down before it starts to rally once again.</p>\n<p><b>No Rush to Dive in at Today’s Prices</b></p>\n<p>Now may seem like an opportune time to scoop up SoFi shares on the cheap. But after selling off again, I wouldn’t expect any sort of rapid recovery. Just like a few weeks back, the risk of valuation contraction runs high. As more comes out of today’s still-booming economy could be set to slow down? The risk of underwhelming results in future quarters is starting to loom as well.</p>\n<p>So, with more negatives than positives, SOFI stock is likely to either going to trade sideways in the short term or worse, head down to lower prices. With this in mind, even investors who believe it’s a long-term winner shouldn’t hastily dive into it.</p>","source":"lsy1606302653667","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>Expect More Underwhelming Performance for SoFi Shares</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\">\nExpect More Underwhelming Performance for SoFi Shares\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-01 10:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/07/sofi-stock-expect-continued-underwhelming-performance/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The odds of a rapid rebound for fintech play SOFI stock appear dim.\n\nAsSoFiTechnologies(NASDAQ:SOFI) stock falls back to around $15 per share, is now the time to buy? Not really. Over a long enough ...</p>\n\n<a href=\"https://investorplace.com/2021/07/sofi-stock-expect-continued-underwhelming-performance/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://investorplace.com/2021/07/sofi-stock-expect-continued-underwhelming-performance/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147877145","content_text":"The odds of a rapid rebound for fintech play SOFI stock appear dim.\n\nAsSoFiTechnologies(NASDAQ:SOFI) stock falls back to around $15 per share, is now the time to buy? Not really. Over a long enough timeframe, entering a position in the fintech company’s shares right now could end up being a highly profitable move.\nAssuming of course, that it becomes the nextPayPal(NASDAQ:PYPL) orSquare(NYSE:SQ). Even so, that doesn’t mean there’s an urgent need to rush out and buy it today. More likely than not, the stock will deliver underwhelming returns in the months ahead.\nWhy? The negative factors that have been weighing down on growth stocks. First, the risk that a hike in interest rates will result in avaluation contraction for richly priced namessuch as this one. Second, slowing economic growth could be another risk for shares. If today’s booming economy takes a breather, it may be tough for SoFi to deliver the blockbuster quarterly results investors expect from it.\nWith the possibility of it languishing at $15 per share. Or worse yet, falling to $10 per share or less, the best move hasn’t changed in the past month. If you’re still bullish on it? Take your time when it comes to entering a position.\nSOFI Stock and Possible Further Downside\nAfter itsJune 1 deSPACing, SoFi shares seemed primed to make a comeback. Not only that, it seemed like the reputation of Chamath Palihapitiya, the sponsor of this former SPAC (special purpose acquisition company) was making a comeback as well.\nYet, flash-forward around two months, and it seems like things are getting to where they were after last spring’s“SPAC Wipeout.”Investors haven’t shown much interest in Palihapitiya’slatest SPAC venture has been met with a yawn. Shares in his higher-profile holdings, like SOFI stock, along withClover Health(NASDAQ:CLOV) stock have again lost their luster as well.\nSoFi has fallen back once again. But don’t assume it’s bottomed out. Not as much to do with any issues with the company itself. Instead, due to economy-wide factors that may result in it making another move to lower price levels. Again, as I’ve discussed previously, rising interest rates could have a big negative impact on its share price. Even as rising rates will be good for the company’s lending operations, this could be more than countered by valuation contraction.\nGiving things another look, it’s clear there’s another risk factor that could knock down the stock once again. That’s the potential for economic growth to start slowing down.\nHigh Valuation\nSOFI stock may be down big from its all-time high. But at today’s levels, it remains a “priced for perfection” situation. With projections calling for high double-digit growth, and recent results pointing to itbeating guidance, investors continue to have no trouble giving this stock a rich valuation.\nAt $15 per share, shares trade for around 8.4x estimated 2022 revenues. Some, includingInvestorPlace’sLarry Ramer, have questioned whether it makes sense to value this companymore like a tech firm than a bank. I also see this as an area of concern. Yet I don’t expect this factor alone to be what knocks it down to lower prices.\nWhat will? Again, it’s a sooner-than-expected rise in interest rates that could send shares down to even lower prices. But that’s not the only thing that could do so. Even if the Federal Reserve doesn’t turn on a dime, and shift from dovish to hawkish monetary policy, SOFI stock could find itself in trouble. How? If it starts delivering disappointing quarterly results.\nSure, this may not happen in the immediate future. Yet, the above-average economic growth seen during the pandemic recovery/reopeningcould be running out of gas. If the economy starts to slow? It may get tougher for SoFi to live up to the high expectations currently priced into shares. Along with the valuation contraction risk, this is something else that could it down before it starts to rally once again.\nNo Rush to Dive in at Today’s Prices\nNow may seem like an opportune time to scoop up SoFi shares on the cheap. But after selling off again, I wouldn’t expect any sort of rapid recovery. Just like a few weeks back, the risk of valuation contraction runs high. As more comes out of today’s still-booming economy could be set to slow down? The risk of underwhelming results in future quarters is starting to loom as well.\nSo, with more negatives than positives, SOFI stock is likely to either going to trade sideways in the short term or worse, head down to lower prices. With this in mind, even investors who believe it’s a long-term winner shouldn’t hastily dive into it.","news_type":1},"isVote":1,"tweetType":1,"viewCount":382,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":142642184,"gmtCreate":1626148890248,"gmtModify":1703754331768,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142642184","repostId":"1120577156","repostType":4,"repost":{"id":"1120577156","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1626130366,"share":"https://ttm.financial/m/news/1120577156?lang=&edition=fundamental","pubTime":"2021-07-13 06:52","market":"us","language":"zh","title":"昨夜今晨：静待“最强财报季”！三大股指齐创收盘新高","url":"https://stock-news.laohu8.com/highlight/detail?id=1120577156","media":"老虎资讯综合","summary":"摘要：美股三大指数均续创收盘新高，财报季即将开始；维珍银河收跌逾17%，此前宣布将增发普通股；新版软件拉动特斯拉收涨超4%，股价站上685美元；迪士尼流媒体显威力，收涨逾4%；热门中概股多数走低，斗鱼","content":"<blockquote>\n <b>摘要：</b>美股三大指数均续创收盘新高，财报季即将开始；<a href=\"https://laohu8.com/S/SPCE\">维珍银河</a>收跌逾17%，此前宣布将增发普通股；新版软件拉动<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>收涨超4%，股价站上685美元；<a href=\"https://laohu8.com/S/DIS\">迪士尼</a>流媒体显威力，收涨逾4%；热门中概股多数走低，<a href=\"https://laohu8.com/S/DOYU\">斗鱼</a>跌近9%&gt;&gt;&gt;\n</blockquote>\n<p><b>海外市场</b></p>\n<p><b>收盘：财报季即将开始 美股再创历史新高</b></p>\n<p>在美股新一轮财报季拉开帷幕前夕，对于低基数效应将带来亮眼增幅数据的预期拉动三大股指小幅刷新收盘历史新高。截至收盘，标普500指数涨0.35%，报4384.63点；纳斯达克指数涨0.21%，报14733.24点；道琼斯指数涨0.36%，报34996.18点。</p>\n<p><b>热门中概股同样涨跌互现：<a href=\"https://laohu8.com/S/DOYU\">斗鱼</a>跌近9%，教育股普跌</b></p>\n<p>截至周一收盘，<a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>跌0.22%、<a href=\"https://laohu8.com/S/00700\">腾讯</a>ADR跌3.36%、<a href=\"https://laohu8.com/S/BIDU\">百度</a>跌0.53%、<a href=\"https://laohu8.com/S/JD\">京东</a>跌0.53%、<a href=\"https://laohu8.com/S/NTES\">网易</a>涨0.55%、<a href=\"https://laohu8.com/S/BILI\">哔哩哔哩</a>涨0.22%、<a href=\"https://laohu8.com/S/XPEV\">小鹏汽车</a>跌0.30%、<a href=\"https://laohu8.com/S/NIO\">蔚来</a>汽车涨1.78%、<a href=\"https://laohu8.com/S/LI\">理想汽车</a>涨3.11%、<a href=\"https://laohu8.com/S/JKS\">晶科能源</a>涨9.06%、<a href=\"https://laohu8.com/S/PDD\">拼多多</a>跌0.50%、<a href=\"https://laohu8.com/S/TAL\">好未来</a>跌3.91%、<a href=\"https://laohu8.com/S/EDU\">新东方</a>跌1.82%、次新股滴滴跌7.23%、合并交易中止的<a href=\"https://laohu8.com/S/HUYA\">虎牙</a>跌1.65%、<a href=\"https://laohu8.com/S/DOYU\">斗鱼</a>跌8.81%。</p>\n<p><b>周一美国WTI原油收跌0.6% 3日来首次下跌</b></p>\n<p>原油期货价格周一录得3个交易日来的首日下跌。对新冠病毒德尔塔变种传播将损害旅游出行、进而打压燃料需求的担忧令油价承压。纽约商品交易所8月交割的西德州中质原油（WTI）期货价格下跌46美分，跌幅0.6%，收于每桶74.10美元，为3个交易日以来首次收跌。</p>\n<p><b>周一黄金期货收跌0.3% 连续4日守住1800美元关口</b></p>\n<p>黄金期货价格周一收跌。美元小幅攀升，美股达到创纪录高位，令金价承压。但黄金期货仍连续第四个交易日维持在1800美元关口之上。纽约商品交易所8月交割的黄金期货价格周一下跌4.70美元，跌幅0.3%，收于每盎司1805.90美元。</p>\n<p><b>欧股周一全线收涨 泛欧斯托克600指数创历史新高</b></p>\n<p>欧股周一全线收涨，德国DAX30指数收盘上涨101.12点，涨幅0.64%，报15789.05点；<a href=\"https://laohu8.com/S/VUKE.UK\">英国富时100</a>指数收盘上涨3.22点，涨幅0.05%，报7125.10点；法国CAC40指数收盘上涨29.83点，涨幅0.46%，报6559.25点。</p>\n<p><b>国际宏观</b></p>\n<p><a href=\"https://laohu8.com/NW/2151537085\" target=\"_blank\"><b>欧盟推迟推进数字税以专注于全球税收协议</b></a></p>\n<p>欧盟周一表示，将推迟推进有争议的数字税，以专注于就全球主要经济体支持的更广泛的全球最低税率协议进行谈判。欧盟经济专员Paolo Gentiloni说，他已经告诉美国财政部长珍妮特·耶伦，“我们决定搁置数字税委员会的提议。”推迟欧盟的计划将“让我们集中精力携手实现这一历史性协议的最后一步。”</p>\n<p><a href=\"https://laohu8.com/NW/2151537085\" target=\"_blank\"><b>纽约联储调查：美国消费者短期通胀预期再创纪录新高</b></a></p>\n<p>纽约联储周一发布的月度调查显示，美国消费者预计未来一年经济将继续从新冠疫情中快速复苏，对通胀、收入、收入增长和支出的预测在6月份均有所增加。</p>\n<p><a href=\"https://laohu8.com/NW/2151537085\" target=\"_blank\"><b>纽约联储行长称美联储购买国债也提振了房地产市场</b></a></p>\n<p>纽约联邦储备银行行长约翰·<a href=\"https://laohu8.com/S/WMB\">威廉姆斯</a>表示，美联储购买国债和抵押贷款支持证券（MBS）都有助于降低住房成本，从而暗指决策者之间正在进行的辩论，即当开始减码时，是否要以比缩减购买国债更快的速度来缩减MBS购买规模。</p>\n<p><a href=\"https://laohu8.com/NW/2151537085\" target=\"_blank\"><b>OPEC+谈判僵局仍无打破迹象 8月增加供应的窗口正在关闭</b></a></p>\n<p>一周前，OPEC及其盟友因为发生激烈争执而停止了产量谈判。现在，8月份增加石油产量的窗口正在关闭，却没有任何可能达成协议的迹象。OPEC+的代表称，尽管其他联盟成员希望达成妥协，但是几乎没有迹象表明沙特阿拉伯和阿拉伯联合酋长国在解决有关如何计算减产幅度的争端上取得了进展。</p>\n<p><b>世卫组织：全球新冠肺炎新增病例数量连续四周增加</b></p>\n<p>世卫组织举行新冠肺炎例行发布会，世卫组织总干事谭德塞表示，上周全球新冠肺炎新增病例数量连续第四周增加。此外，新增死亡病例数量也在连续下降十周后再次增加。目前，德尔塔毒株正在全球迅速蔓延，已出现在104个国家和地区，世卫组织预计德尔塔毒株将很快成为全球流行的主要毒株。</p>\n<p><b>公司新闻</b></p>\n<p><a href=\"https://laohu8.com/NW/1119661825\" target=\"_blank\"><b>维珍银河周一收盘暴跌逾17% 此前宣布将增发普通股</b></a></p>\n<p><a href=\"https://laohu8.com/S/SPCE\">维珍银河</a>周一股价大幅下跌，早盘一度触发停牌。此前该公司宣布申请增发普通股，金额最高可达5亿美元。截至收盘，维珍银河股价报40.69美元，跌幅17.3%，创去年12月14日以来最大单日跌幅。该股今年迄今已上涨超过80%。</p>\n<p><a href=\"https://laohu8.com/NW/1150214678\" target=\"_blank\"><b>新版软件拉动特斯拉收涨超4%，股价站上685美元</b></a></p>\n<p>特斯拉刚刚对其全自动驾驶软件进行了很长一段时间内最大的升级之一。 报道称，特斯拉正在向抢先体验计划用户推出FSD 测试版 9，这是一个相当大的升级。周一特斯拉收涨逾4%，报685.7美元。</p>\n<p><a href=\"https://laohu8.com/NW/2151537750\" target=\"_blank\"><b>美国FDA预计将对强生疫苗发布新的安全警告</b></a></p>\n<p>美国疾控中心（CDC）在一份声明中表示，在已经接种的1280万剂<a href=\"https://laohu8.com/S/JNJ\">强生</a>疫苗样本中，已检测出大约100份关于格林-巴利综合症（Guillain-Barré syndrome）的初步报告。格林-巴利综合症是一种罕见的神经系统疾病，身体的免疫系统会错误地攻击部分神经系统。</p>\n<p><b><a href=\"https://laohu8.com/S/MSFT\">微软</a>确认收购网络安全公司RiskIQ</b></p>\n<p>互联网巨头<a href=\"https://laohu8.com/S/MSFT\">微软</a>周一宣布，公司已经同意收购网络安全公司RiskIQ。虽然并未披露收购的金额，但据媒体此前报道收购价格将超过5亿美元。该公司开发的软件能够聚合客户公司IT足迹中存在的威胁，帮助技术人员着力解决最重要的问题。今年一月时<a href=\"https://laohu8.com/S/MSFT\">微软</a>曾表示过去一年里安全业务的营收超过100亿美元，同比涨幅40%，也是微软各个板块业务中增速最快的之一。</p>\n<p><b><a href=\"https://laohu8.com/S/JPM\">摩根大通</a>新设立数据服务业务</b></p>\n<p>据媒体援引内部备忘录报道，<a href=\"https://laohu8.com/S/JPM\">摩根大通</a>已经在证券服务部门设立了一项新的数据业务，由原彭博社企业数据解决方案总监Gerard Francis负责，向执行副总裁及证券服务部门负责人Teresa Heitsenrether汇报。这一动向也显示越来越多银行看到了手头大量金融数据的价值，纷纷着力于开发数据分析和数据工具等新业务。</p>\n<p><b>传<a href=\"https://laohu8.com/S/GOOG\">谷歌</a>将在9月听证会上挑战欧盟43亿欧元罚单</b></p>\n<p>据媒体周一援引消息人士报道，<a href=\"https://laohu8.com/S/GOOG\">谷歌</a>将在9月27日开始的连续五日听证会上挑战欧盟2018年针对其<a href=\"https://laohu8.com/S/GOOG\">谷歌</a>系统垄断问题开出的43.4亿欧元（51.5亿欧元）罚单。负责此案的欧盟普通法院拒绝对未公开信息进行确认。五天的听证会时长虽然超出平均水平，但并非异常情况。</p>\n<p><a href=\"https://laohu8.com/NW/2151689530\" target=\"_blank\"><b>《黑寡妇》票房破纪录！迪士尼股价收涨逾4%</b></a></p>\n<p>周一<a href=\"https://laohu8.com/S/DIS\">迪士尼</a>股价收涨4.15%，主要驱动因素是漫威宇宙新作《黑寡妇》在院线以及流媒体渠道均获得热捧。公司披露这部新片在美国本土和国际市场票房分别达到8000万美元和7800万美元，同时对流媒体平台也带来6000万美元的销售增益。</p>\n<p><a href=\"https://laohu8.com/NW/1145052439\" target=\"_blank\"><b>个人电脑消费增速遭看衰 惠普股价跌近3%</b></a></p>\n<p>虽然今年前几个月个人电脑的发货量仍维持高速增长，但市场预期这种火热状况难以持续，受此影响<a href=\"https://laohu8.com/S/HPQ\">惠普</a>股价周一收跌2.78%，日内跌幅一度超过4%。Evercore分析师Amit Daryanani表示，虽然企业部门的需求仍将持续旺盛，但初步迹象显示消费者的需求开始放缓，这一变化也与消费优先级转换有关。</p>\n<p><a href=\"https://laohu8.com/NW/1161591491\" target=\"_blank\"><b>版权时代终结？消息称腾讯音乐将被要求放弃独家版权</b></a></p>\n<p>随着反垄断调查不断深入，所涉及的行业也在增加。据报道，国家市场监管总局准备命令<a href=\"https://laohu8.com/S/TME\">腾讯音乐</a>娱乐集团放弃唱片公司的独家音乐版权。知情人士称，除了放弃独家音乐版权外，<a href=\"https://laohu8.com/S/00700\">腾讯</a>音乐不再需要出售酷我和酷狗音乐。<a href=\"https://laohu8.com/S/TME\">腾讯音乐</a>隔夜美股收跌逾4%，报12.34美元。</p>\n<p><a href=\"https://laohu8.com/NW/2151530738\" target=\"_blank\"><b>博通据悉洽谈收购SAS，加大对软件行业的押注</b></a><b></b></p>\n<p>据知情人士透露，作为全球最大芯片制造商之一的<a href=\"https://laohu8.com/S/BRCM\">博通</a>公司，正在洽谈收购非上市软件公司SAS Institute Inc这位不愿具名的人士表示，交易可能在未来几周达成，对这家软件开发商的估值为150亿至200亿美元。</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>昨夜今晨：静待“最强财报季”！三大股指齐创收盘新高</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昨夜今晨：静待“最强财报季”！三大股指齐创收盘新高\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-07-13 06:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n <b>摘要：</b>美股三大指数均续创收盘新高，财报季即将开始；<a href=\"https://laohu8.com/S/SPCE\">维珍银河</a>收跌逾17%，此前宣布将增发普通股；新版软件拉动<a href=\"https://laohu8.com/S/TSLA\">特斯拉</a>收涨超4%，股价站上685美元；<a href=\"https://laohu8.com/S/DIS\">迪士尼</a>流媒体显威力，收涨逾4%；热门中概股多数走低，<a href=\"https://laohu8.com/S/DOYU\">斗鱼</a>跌近9%&gt;&gt;&gt;\n</blockquote>\n<p><b>海外市场</b></p>\n<p><b>收盘：财报季即将开始 美股再创历史新高</b></p>\n<p>在美股新一轮财报季拉开帷幕前夕，对于低基数效应将带来亮眼增幅数据的预期拉动三大股指小幅刷新收盘历史新高。截至收盘，标普500指数涨0.35%，报4384.63点；纳斯达克指数涨0.21%，报14733.24点；道琼斯指数涨0.36%，报34996.18点。</p>\n<p><b>热门中概股同样涨跌互现：<a href=\"https://laohu8.com/S/DOYU\">斗鱼</a>跌近9%，教育股普跌</b></p>\n<p>截至周一收盘，<a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>跌0.22%、<a href=\"https://laohu8.com/S/00700\">腾讯</a>ADR跌3.36%、<a href=\"https://laohu8.com/S/BIDU\">百度</a>跌0.53%、<a href=\"https://laohu8.com/S/JD\">京东</a>跌0.53%、<a href=\"https://laohu8.com/S/NTES\">网易</a>涨0.55%、<a href=\"https://laohu8.com/S/BILI\">哔哩哔哩</a>涨0.22%、<a href=\"https://laohu8.com/S/XPEV\">小鹏汽车</a>跌0.30%、<a href=\"https://laohu8.com/S/NIO\">蔚来</a>汽车涨1.78%、<a href=\"https://laohu8.com/S/LI\">理想汽车</a>涨3.11%、<a href=\"https://laohu8.com/S/JKS\">晶科能源</a>涨9.06%、<a href=\"https://laohu8.com/S/PDD\">拼多多</a>跌0.50%、<a href=\"https://laohu8.com/S/TAL\">好未来</a>跌3.91%、<a href=\"https://laohu8.com/S/EDU\">新东方</a>跌1.82%、次新股滴滴跌7.23%、合并交易中止的<a href=\"https://laohu8.com/S/HUYA\">虎牙</a>跌1.65%、<a href=\"https://laohu8.com/S/DOYU\">斗鱼</a>跌8.81%。</p>\n<p><b>周一美国WTI原油收跌0.6% 3日来首次下跌</b></p>\n<p>原油期货价格周一录得3个交易日来的首日下跌。对新冠病毒德尔塔变种传播将损害旅游出行、进而打压燃料需求的担忧令油价承压。纽约商品交易所8月交割的西德州中质原油（WTI）期货价格下跌46美分，跌幅0.6%，收于每桶74.10美元，为3个交易日以来首次收跌。</p>\n<p><b>周一黄金期货收跌0.3% 连续4日守住1800美元关口</b></p>\n<p>黄金期货价格周一收跌。美元小幅攀升，美股达到创纪录高位，令金价承压。但黄金期货仍连续第四个交易日维持在1800美元关口之上。纽约商品交易所8月交割的黄金期货价格周一下跌4.70美元，跌幅0.3%，收于每盎司1805.90美元。</p>\n<p><b>欧股周一全线收涨 泛欧斯托克600指数创历史新高</b></p>\n<p>欧股周一全线收涨，德国DAX30指数收盘上涨101.12点，涨幅0.64%，报15789.05点；<a href=\"https://laohu8.com/S/VUKE.UK\">英国富时100</a>指数收盘上涨3.22点，涨幅0.05%，报7125.10点；法国CAC40指数收盘上涨29.83点，涨幅0.46%，报6559.25点。</p>\n<p><b>国际宏观</b></p>\n<p><a href=\"https://laohu8.com/NW/2151537085\" target=\"_blank\"><b>欧盟推迟推进数字税以专注于全球税收协议</b></a></p>\n<p>欧盟周一表示，将推迟推进有争议的数字税，以专注于就全球主要经济体支持的更广泛的全球最低税率协议进行谈判。欧盟经济专员Paolo Gentiloni说，他已经告诉美国财政部长珍妮特·耶伦，“我们决定搁置数字税委员会的提议。”推迟欧盟的计划将“让我们集中精力携手实现这一历史性协议的最后一步。”</p>\n<p><a href=\"https://laohu8.com/NW/2151537085\" target=\"_blank\"><b>纽约联储调查：美国消费者短期通胀预期再创纪录新高</b></a></p>\n<p>纽约联储周一发布的月度调查显示，美国消费者预计未来一年经济将继续从新冠疫情中快速复苏，对通胀、收入、收入增长和支出的预测在6月份均有所增加。</p>\n<p><a href=\"https://laohu8.com/NW/2151537085\" target=\"_blank\"><b>纽约联储行长称美联储购买国债也提振了房地产市场</b></a></p>\n<p>纽约联邦储备银行行长约翰·<a href=\"https://laohu8.com/S/WMB\">威廉姆斯</a>表示，美联储购买国债和抵押贷款支持证券（MBS）都有助于降低住房成本，从而暗指决策者之间正在进行的辩论，即当开始减码时，是否要以比缩减购买国债更快的速度来缩减MBS购买规模。</p>\n<p><a href=\"https://laohu8.com/NW/2151537085\" target=\"_blank\"><b>OPEC+谈判僵局仍无打破迹象 8月增加供应的窗口正在关闭</b></a></p>\n<p>一周前，OPEC及其盟友因为发生激烈争执而停止了产量谈判。现在，8月份增加石油产量的窗口正在关闭，却没有任何可能达成协议的迹象。OPEC+的代表称，尽管其他联盟成员希望达成妥协，但是几乎没有迹象表明沙特阿拉伯和阿拉伯联合酋长国在解决有关如何计算减产幅度的争端上取得了进展。</p>\n<p><b>世卫组织：全球新冠肺炎新增病例数量连续四周增加</b></p>\n<p>世卫组织举行新冠肺炎例行发布会，世卫组织总干事谭德塞表示，上周全球新冠肺炎新增病例数量连续第四周增加。此外，新增死亡病例数量也在连续下降十周后再次增加。目前，德尔塔毒株正在全球迅速蔓延，已出现在104个国家和地区，世卫组织预计德尔塔毒株将很快成为全球流行的主要毒株。</p>\n<p><b>公司新闻</b></p>\n<p><a href=\"https://laohu8.com/NW/1119661825\" target=\"_blank\"><b>维珍银河周一收盘暴跌逾17% 此前宣布将增发普通股</b></a></p>\n<p><a href=\"https://laohu8.com/S/SPCE\">维珍银河</a>周一股价大幅下跌，早盘一度触发停牌。此前该公司宣布申请增发普通股，金额最高可达5亿美元。截至收盘，维珍银河股价报40.69美元，跌幅17.3%，创去年12月14日以来最大单日跌幅。该股今年迄今已上涨超过80%。</p>\n<p><a href=\"https://laohu8.com/NW/1150214678\" target=\"_blank\"><b>新版软件拉动特斯拉收涨超4%，股价站上685美元</b></a></p>\n<p>特斯拉刚刚对其全自动驾驶软件进行了很长一段时间内最大的升级之一。 报道称，特斯拉正在向抢先体验计划用户推出FSD 测试版 9，这是一个相当大的升级。周一特斯拉收涨逾4%，报685.7美元。</p>\n<p><a href=\"https://laohu8.com/NW/2151537750\" target=\"_blank\"><b>美国FDA预计将对强生疫苗发布新的安全警告</b></a></p>\n<p>美国疾控中心（CDC）在一份声明中表示，在已经接种的1280万剂<a href=\"https://laohu8.com/S/JNJ\">强生</a>疫苗样本中，已检测出大约100份关于格林-巴利综合症（Guillain-Barré syndrome）的初步报告。格林-巴利综合症是一种罕见的神经系统疾病，身体的免疫系统会错误地攻击部分神经系统。</p>\n<p><b><a href=\"https://laohu8.com/S/MSFT\">微软</a>确认收购网络安全公司RiskIQ</b></p>\n<p>互联网巨头<a href=\"https://laohu8.com/S/MSFT\">微软</a>周一宣布，公司已经同意收购网络安全公司RiskIQ。虽然并未披露收购的金额，但据媒体此前报道收购价格将超过5亿美元。该公司开发的软件能够聚合客户公司IT足迹中存在的威胁，帮助技术人员着力解决最重要的问题。今年一月时<a href=\"https://laohu8.com/S/MSFT\">微软</a>曾表示过去一年里安全业务的营收超过100亿美元，同比涨幅40%，也是微软各个板块业务中增速最快的之一。</p>\n<p><b><a href=\"https://laohu8.com/S/JPM\">摩根大通</a>新设立数据服务业务</b></p>\n<p>据媒体援引内部备忘录报道，<a href=\"https://laohu8.com/S/JPM\">摩根大通</a>已经在证券服务部门设立了一项新的数据业务，由原彭博社企业数据解决方案总监Gerard Francis负责，向执行副总裁及证券服务部门负责人Teresa Heitsenrether汇报。这一动向也显示越来越多银行看到了手头大量金融数据的价值，纷纷着力于开发数据分析和数据工具等新业务。</p>\n<p><b>传<a href=\"https://laohu8.com/S/GOOG\">谷歌</a>将在9月听证会上挑战欧盟43亿欧元罚单</b></p>\n<p>据媒体周一援引消息人士报道，<a href=\"https://laohu8.com/S/GOOG\">谷歌</a>将在9月27日开始的连续五日听证会上挑战欧盟2018年针对其<a href=\"https://laohu8.com/S/GOOG\">谷歌</a>系统垄断问题开出的43.4亿欧元（51.5亿欧元）罚单。负责此案的欧盟普通法院拒绝对未公开信息进行确认。五天的听证会时长虽然超出平均水平，但并非异常情况。</p>\n<p><a href=\"https://laohu8.com/NW/2151689530\" target=\"_blank\"><b>《黑寡妇》票房破纪录！迪士尼股价收涨逾4%</b></a></p>\n<p>周一<a href=\"https://laohu8.com/S/DIS\">迪士尼</a>股价收涨4.15%，主要驱动因素是漫威宇宙新作《黑寡妇》在院线以及流媒体渠道均获得热捧。公司披露这部新片在美国本土和国际市场票房分别达到8000万美元和7800万美元，同时对流媒体平台也带来6000万美元的销售增益。</p>\n<p><a href=\"https://laohu8.com/NW/1145052439\" target=\"_blank\"><b>个人电脑消费增速遭看衰 惠普股价跌近3%</b></a></p>\n<p>虽然今年前几个月个人电脑的发货量仍维持高速增长，但市场预期这种火热状况难以持续，受此影响<a href=\"https://laohu8.com/S/HPQ\">惠普</a>股价周一收跌2.78%，日内跌幅一度超过4%。Evercore分析师Amit Daryanani表示，虽然企业部门的需求仍将持续旺盛，但初步迹象显示消费者的需求开始放缓，这一变化也与消费优先级转换有关。</p>\n<p><a href=\"https://laohu8.com/NW/1161591491\" target=\"_blank\"><b>版权时代终结？消息称腾讯音乐将被要求放弃独家版权</b></a></p>\n<p>随着反垄断调查不断深入，所涉及的行业也在增加。据报道，国家市场监管总局准备命令<a href=\"https://laohu8.com/S/TME\">腾讯音乐</a>娱乐集团放弃唱片公司的独家音乐版权。知情人士称，除了放弃独家音乐版权外，<a href=\"https://laohu8.com/S/00700\">腾讯</a>音乐不再需要出售酷我和酷狗音乐。<a href=\"https://laohu8.com/S/TME\">腾讯音乐</a>隔夜美股收跌逾4%，报12.34美元。</p>\n<p><a href=\"https://laohu8.com/NW/2151530738\" target=\"_blank\"><b>博通据悉洽谈收购SAS，加大对软件行业的押注</b></a><b></b></p>\n<p>据知情人士透露，作为全球最大芯片制造商之一的<a href=\"https://laohu8.com/S/BRCM\">博通</a>公司，正在洽谈收购非上市软件公司SAS Institute Inc这位不愿具名的人士表示，交易可能在未来几周达成，对这家软件开发商的估值为150亿至200亿美元。</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b23574aac95526c9e5c62ebc8dd25130","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120577156","content_text":"摘要：美股三大指数均续创收盘新高，财报季即将开始；维珍银河收跌逾17%，此前宣布将增发普通股；新版软件拉动特斯拉收涨超4%，股价站上685美元；迪士尼流媒体显威力，收涨逾4%；热门中概股多数走低，斗鱼跌近9%>>>\n\n海外市场\n收盘：财报季即将开始 美股再创历史新高\n在美股新一轮财报季拉开帷幕前夕，对于低基数效应将带来亮眼增幅数据的预期拉动三大股指小幅刷新收盘历史新高。截至收盘，标普500指数涨0.35%，报4384.63点；纳斯达克指数涨0.21%，报14733.24点；道琼斯指数涨0.36%，报34996.18点。\n热门中概股同样涨跌互现：斗鱼跌近9%，教育股普跌\n截至周一收盘，阿里巴巴跌0.22%、腾讯ADR跌3.36%、百度跌0.53%、京东跌0.53%、网易涨0.55%、哔哩哔哩涨0.22%、小鹏汽车跌0.30%、蔚来汽车涨1.78%、理想汽车涨3.11%、晶科能源涨9.06%、拼多多跌0.50%、好未来跌3.91%、新东方跌1.82%、次新股滴滴跌7.23%、合并交易中止的虎牙跌1.65%、斗鱼跌8.81%。\n周一美国WTI原油收跌0.6% 3日来首次下跌\n原油期货价格周一录得3个交易日来的首日下跌。对新冠病毒德尔塔变种传播将损害旅游出行、进而打压燃料需求的担忧令油价承压。纽约商品交易所8月交割的西德州中质原油（WTI）期货价格下跌46美分，跌幅0.6%，收于每桶74.10美元，为3个交易日以来首次收跌。\n周一黄金期货收跌0.3% 连续4日守住1800美元关口\n黄金期货价格周一收跌。美元小幅攀升，美股达到创纪录高位，令金价承压。但黄金期货仍连续第四个交易日维持在1800美元关口之上。纽约商品交易所8月交割的黄金期货价格周一下跌4.70美元，跌幅0.3%，收于每盎司1805.90美元。\n欧股周一全线收涨 泛欧斯托克600指数创历史新高\n欧股周一全线收涨，德国DAX30指数收盘上涨101.12点，涨幅0.64%，报15789.05点；英国富时100指数收盘上涨3.22点，涨幅0.05%，报7125.10点；法国CAC40指数收盘上涨29.83点，涨幅0.46%，报6559.25点。\n国际宏观\n欧盟推迟推进数字税以专注于全球税收协议\n欧盟周一表示，将推迟推进有争议的数字税，以专注于就全球主要经济体支持的更广泛的全球最低税率协议进行谈判。欧盟经济专员Paolo Gentiloni说，他已经告诉美国财政部长珍妮特·耶伦，“我们决定搁置数字税委员会的提议。”推迟欧盟的计划将“让我们集中精力携手实现这一历史性协议的最后一步。”\n纽约联储调查：美国消费者短期通胀预期再创纪录新高\n纽约联储周一发布的月度调查显示，美国消费者预计未来一年经济将继续从新冠疫情中快速复苏，对通胀、收入、收入增长和支出的预测在6月份均有所增加。\n纽约联储行长称美联储购买国债也提振了房地产市场\n纽约联邦储备银行行长约翰·威廉姆斯表示，美联储购买国债和抵押贷款支持证券（MBS）都有助于降低住房成本，从而暗指决策者之间正在进行的辩论，即当开始减码时，是否要以比缩减购买国债更快的速度来缩减MBS购买规模。\nOPEC+谈判僵局仍无打破迹象 8月增加供应的窗口正在关闭\n一周前，OPEC及其盟友因为发生激烈争执而停止了产量谈判。现在，8月份增加石油产量的窗口正在关闭，却没有任何可能达成协议的迹象。OPEC+的代表称，尽管其他联盟成员希望达成妥协，但是几乎没有迹象表明沙特阿拉伯和阿拉伯联合酋长国在解决有关如何计算减产幅度的争端上取得了进展。\n世卫组织：全球新冠肺炎新增病例数量连续四周增加\n世卫组织举行新冠肺炎例行发布会，世卫组织总干事谭德塞表示，上周全球新冠肺炎新增病例数量连续第四周增加。此外，新增死亡病例数量也在连续下降十周后再次增加。目前，德尔塔毒株正在全球迅速蔓延，已出现在104个国家和地区，世卫组织预计德尔塔毒株将很快成为全球流行的主要毒株。\n公司新闻\n维珍银河周一收盘暴跌逾17% 此前宣布将增发普通股\n维珍银河周一股价大幅下跌，早盘一度触发停牌。此前该公司宣布申请增发普通股，金额最高可达5亿美元。截至收盘，维珍银河股价报40.69美元，跌幅17.3%，创去年12月14日以来最大单日跌幅。该股今年迄今已上涨超过80%。\n新版软件拉动特斯拉收涨超4%，股价站上685美元\n特斯拉刚刚对其全自动驾驶软件进行了很长一段时间内最大的升级之一。 报道称，特斯拉正在向抢先体验计划用户推出FSD 测试版 9，这是一个相当大的升级。周一特斯拉收涨逾4%，报685.7美元。\n美国FDA预计将对强生疫苗发布新的安全警告\n美国疾控中心（CDC）在一份声明中表示，在已经接种的1280万剂强生疫苗样本中，已检测出大约100份关于格林-巴利综合症（Guillain-Barré syndrome）的初步报告。格林-巴利综合症是一种罕见的神经系统疾病，身体的免疫系统会错误地攻击部分神经系统。\n微软确认收购网络安全公司RiskIQ\n互联网巨头微软周一宣布，公司已经同意收购网络安全公司RiskIQ。虽然并未披露收购的金额，但据媒体此前报道收购价格将超过5亿美元。该公司开发的软件能够聚合客户公司IT足迹中存在的威胁，帮助技术人员着力解决最重要的问题。今年一月时微软曾表示过去一年里安全业务的营收超过100亿美元，同比涨幅40%，也是微软各个板块业务中增速最快的之一。\n摩根大通新设立数据服务业务\n据媒体援引内部备忘录报道，摩根大通已经在证券服务部门设立了一项新的数据业务，由原彭博社企业数据解决方案总监Gerard Francis负责，向执行副总裁及证券服务部门负责人Teresa Heitsenrether汇报。这一动向也显示越来越多银行看到了手头大量金融数据的价值，纷纷着力于开发数据分析和数据工具等新业务。\n传谷歌将在9月听证会上挑战欧盟43亿欧元罚单\n据媒体周一援引消息人士报道，谷歌将在9月27日开始的连续五日听证会上挑战欧盟2018年针对其谷歌系统垄断问题开出的43.4亿欧元（51.5亿欧元）罚单。负责此案的欧盟普通法院拒绝对未公开信息进行确认。五天的听证会时长虽然超出平均水平，但并非异常情况。\n《黑寡妇》票房破纪录！迪士尼股价收涨逾4%\n周一迪士尼股价收涨4.15%，主要驱动因素是漫威宇宙新作《黑寡妇》在院线以及流媒体渠道均获得热捧。公司披露这部新片在美国本土和国际市场票房分别达到8000万美元和7800万美元，同时对流媒体平台也带来6000万美元的销售增益。\n个人电脑消费增速遭看衰 惠普股价跌近3%\n虽然今年前几个月个人电脑的发货量仍维持高速增长，但市场预期这种火热状况难以持续，受此影响惠普股价周一收跌2.78%，日内跌幅一度超过4%。Evercore分析师Amit Daryanani表示，虽然企业部门的需求仍将持续旺盛，但初步迹象显示消费者的需求开始放缓，这一变化也与消费优先级转换有关。\n版权时代终结？消息称腾讯音乐将被要求放弃独家版权\n随着反垄断调查不断深入，所涉及的行业也在增加。据报道，国家市场监管总局准备命令腾讯音乐娱乐集团放弃唱片公司的独家音乐版权。知情人士称，除了放弃独家音乐版权外，腾讯音乐不再需要出售酷我和酷狗音乐。腾讯音乐隔夜美股收跌逾4%，报12.34美元。\n博通据悉洽谈收购SAS，加大对软件行业的押注\n据知情人士透露，作为全球最大芯片制造商之一的博通公司，正在洽谈收购非上市软件公司SAS Institute Inc这位不愿具名的人士表示，交易可能在未来几周达成，对这家软件开发商的估值为150亿至200亿美元。","news_type":1},"isVote":1,"tweetType":1,"viewCount":461,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154300487,"gmtCreate":1625475019849,"gmtModify":1703742381397,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Great&nbsp;","listText":"Great&nbsp;","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/154300487","repostId":"2148874200","repostType":2,"repost":{"id":"2148874200","weMediaInfo":{"introduction":"条条大道通罗马，阿皮亚是第一条。","home_visible":1,"media_name":"阿皮亚投资","id":"1099700152","head_image":"https://static.tigerbbs.com/a7c738c7f8064893867178b3c734f17b"},"pubTimestamp":1625278070,"share":"https://ttm.financial/m/news/2148874200?lang=&edition=fundamental","pubTime":"2021-07-03 10:07","market":"other","language":"zh","title":"芒格展现“毒舌”天赋：马云不适合涉足银行业","url":"https://stock-news.laohu8.com/highlight/detail?id=2148874200","media":"阿皮亚投资","summary":"原标题：巴菲特&芒格最新访谈：中国在采取行动预防危机，自由市场经济正让市场陷入疯狂的过剩\n芒格：“对冲基金行业喜欢用非正常的方式扩充信用，然后赚到异常高的利润，全世界都知道这里充斥着骗子和傻子，但是他","content":"<p>原标题：巴菲特&amp;芒格最新访谈：中国在采取行动预防危机，自由市场经济正让市场陷入疯狂的过剩</p>\n<p><b>芒格：“对冲基金行业喜欢用非正常的方式扩充信用，然后赚到异常高的利润，全世界都知道这里充斥着骗子和傻子，但是他们充耳不闻，因为他们觉得正因如此才可以轻松赚钱。”</b></p>\n<p><b>巴菲特：“很久以前我们就学到一条规律：你不可能和一个不正直的人达成好的交易，如果你还对此心存侥幸，那我劝你最好放弃。</b></p>\n<p><b>不正直的交易对手懂得更多邪门歪道，虽然他们最终可能会输光一切，但就单个交易来说，他们会赢，让你蒙受损失，所以我也劝大家不要在这种事上浪费生命。”</b></p>\n<p><b>芒格：“中国政府正采取的措施就是我所喜欢的事前措施，</b></p>\n<p><b>但我们鼓吹的伟大的自由市场经济正让市场陷入疯狂的过剩，而中国政府正在阻止这种情况发生，他们对市场投机行为采取先发制人的措施。”</b></p>\n<p><b>“我不是说我们要全盘效仿中国，但是我确实希望我们的金融监管能在一定程度上师法中国。”</b></p>\n<p><b>“中国政府只是做了正确的事，他们相当于告诉马云：小子，我们不会让你为所欲为。”</b></p>\n<p><b>芒格：“本质上Robinhood就是在开赌场，还伪装成正经生意。它不想别人称之为赌场，但它本质上还是赌场。”</b></p>\n<p><b>巴菲特：“Robinhood绝不会鼓励人们去买入交易成本低廉的ETF指数基金，然后让他们长期持有。相反，你会得到很多交易建议……”</b></p>\n<p><b>芒格：“而且它会告诉人们没有交易佣金，但其实交易佣金都隐含在交易价格之中了，这本质上是一种腌臜，丑恶的行为。”</b></p>\n<p><b>芒格：“我最喜欢沃伦的地方就在于他的质疑精神，我们都不会对于那些文明进程中了不起的人心存太多敬畏之心（以至于不敢对他们有所质疑）。”</b></p>\n<p><b>巴菲特：“如果一家企业由这么好的管理人运作依然亏损，那么这之中必然存在问题。所以不如把优秀的人才放到另一项事务上，并且把资本也放到其他项目上。”</b></p>\n<p><b>巴菲特：“我们能够与真正喜欢的人交往，这在生活中简直是一种奢侈品……这种奢侈的事情我们已经享受了60年。</b></p>\n<p><b>能够做你真正想做的事，以及交往你真正想要交往的人，这是生活中最妙的事情。”</b></p>\n<p><b>芒格：“我想，频繁出差的事情再也不会发生了。一个接一个的公司都决定一年只开一次或者两次现场会议，其他都在<a href=\"https://laohu8.com/S/ZM\">Zoom</a>线上完成。当然，很多人都发现他们并不需要在办公室。我想，很多新的改变会发生，我们不会再回到从前。”</b></p>\n<p><b>巴菲特：“在拥有75亿人口的200个国家之间，存在紧张的关系，不同的制度、政府以及各种各样的事情。我们究竟如何解决这些问题，使人类，从现在开始的50年、100年、200年，能够享受到更好的生活，而不是去让世界变得更糟。”</b></p>\n<p><b>芒格：“我自信预测，总有一天，愚蠢的官僚主义可以被消灭，我们会变得更好。</b></p>\n<p><b>就像我们发现我们可以减少一些商务出行，我们也会发现我们可以在美国的公司里面消除一些愚蠢的官僚主义。”</b></p>\n<p>以上是巴菲特和芒格、6月29日在<b>CNBC</b>的专题采访<b>“</b>巴菲特与芒格<b>——</b>智慧的财富<b>”</b>上分享的最新精彩观点和人生经验。</p>\n<p><img src=\"https://static.tigerbbs.com/d8075d98ddcf40739b376cf8c0c1093f\" tg-width=\"716\" tg-height=\"488\" referrerpolicy=\"no-referrer\"></p>\n<p>巴菲特和芒格是一对有着60多年友谊的挚友，他们的友谊不仅缔造了一段长达50年的投资传奇，也让<a href=\"https://laohu8.com/S/BRK.A\">伯克希尔</a>·哈撒韦，一家原本濒临倒闭的纺织公司逐渐成长为史上最具价值的商业巨头之一。</p>\n<p>这次采访分为六个部分：</p>\n<p>第一部分是巴芒对一些时事的评论，芒格一如既往展现了他的“毒舌”天赋，对于Archegos爆仓事件，他表示那些参与的券商都是傻瓜，而<a href=\"https://laohu8.com/S/CS\">瑞士信贷</a>是其中最大的傻瓜，受到轻松赚快钱的诱惑给黄比尔这样的内幕交易者放贷，最后尝到苦果。</p>\n<p>巴菲特则表示，伯克希尔很早就认识到一点，那就是不能和不正直的人做交易，因为肯定会吃亏。</p>\n<p>谈到市场过热的问题，两人都认为美联储和财政部都没有对可能到来的危机采取措施，</p>\n<p>芒格指出，资本主义社会鼓吹的自由市场放任市场过热，而中国却在采取事前行动，预防危机，在这个方面美国应该向中国学习。</p>\n<p>问及蚂蚁金融相关的问题，芒格犀利地指出，马云这样的金融弄潮儿不适合涉足银行业，因为本质上银行业是与国家有担保关系的存在。</p>\n<p><b>芒格旗下的Daily Journal在今年一季度把<a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>买成了第三大重仓股，高达19%的占比。</b></p>\n<p><b>他对阿里如何判断，对马云如何评价，对于阿里目前竞争优势，竞争格局有何分析自然也是大家关注的重点。</b></p>\n<p><b>对于Robinhood这样的在线券商，两人也都非常不屑，芒格认为Robinhood就是一个赌场；</b></p>\n<p>巴菲特也指出，Robinhood绝不会鼓励长期投资，而是不断给出交易建议，然后赚取隐含在买家中的佣金，芒格直言：这种行为很可耻。</p>\n<p>第二部分，两人聊到了初次见面时的场景，</p>\n<p>巴菲特坦言，与芒格相逢之前，他就因为投资人觉得他和芒格很像而获得了一大笔投资，这让他对芒格有了好感，初次见面就一拍即合、一见如故，成为终身挚友。</p>\n<p>在之后的部分中他们聊到了以往投资中的教训、要与优秀人的人交往、疫情的影响和如何管理公司等等主题。</p>\n<p>芒格表示疫情让他彻底爱上了Zoom，他认为疫情就算结束，Zoom也会在很大程度上改变人们的工作方式。</p>\n<p>而巴菲特则不喜欢用Zoom，而是更喜欢打电话。</p>\n<p>更多的请见聪投精译的精彩内容，<b>全文点此查看。</b></p>\n<p><b>第一部分：巴芒二人组的时事辣评</b></p>\n<p><b>导言：</b>巴菲特和芒格直言不讳的性格以及拒绝追逐偏离基本面的热门市场，使得他们的观点不总是令人愉快，就比如他们对比特币的看法。</p>\n<p>今晚我们就最新的一些新闻头条询问了芒格和巴菲特的看法<i>——</i></p>\n<p>巴菲特：和不正直的人做生意不会得到好结果</p>\n<p>芒格：Archegos爆仓事件中</p>\n<p>参与的券商都是傻瓜</p>\n<p>而瑞信是最大的傻瓜</p>\n<p><b>问：</b>让我们从先前的对冲基金Archegos爆仓事件开始，这次事件导致让瑞士信贷损失了55亿美元……</p>\n<p><b>芒格：</b>想想看这件事是多么愚蠢，诚然这笔交易非常有诱惑性，给这个混蛋放贷可以轻松赚到快钱，但他（Archegos的比尔·黄）是一个内幕交易者，来自最疯狂的对冲基金行业。</p>\n<p>这个行业喜欢用非正常的方式扩充信用，然后赚到异常高的利润，全世界都知道这里充斥着骗子和傻子，但是他们充耳不闻，因为他们觉得正因如此才可以轻松赚钱。</p>\n<p><b>巴菲特：</b>很久以前我们就学到一条规律：你不可能和一个不正直的人达成好的交易，如果你还对此心存侥幸，那我劝你最好放弃。</p>\n<p>因为当你达成这样的交易之后，你的对手方总是会赢，伯克希尔以及我个人都不会把时间浪费在这种事情上。</p>\n<p>不正直的交易对手懂得更多邪门歪道，虽然他们最终可能会输光一切，但就单个交易来说，他们会赢，让你蒙受损失，所以我也劝大家不要在这种事上浪费生命。</p>\n<p><b>问：</b>也不只是瑞士信贷栽了跟头，还有很多公司和Archegos做生意……</p>\n<p><b>芒格：</b>没错，没错，这说明他们都是傻瓜，但瑞士信贷是其中最大的傻瓜。</p>\n<p>大萧条之后美联储开始限制杠杆</p>\n<p>但上有政策，下有对策</p>\n<p>华尔街很快找到了应对之道</p>\n<p><b>巴菲特：</b>1934年，在大萧条结束之后，吸取了1929年市场杠杆过高的教训，美联储被授予了限制市场杠杆率的权利……</p>\n<p><b>芒格：</b>这是个极好的主意。</p>\n<p><b>巴菲特：</b>好得不得了。</p>\n<p><b>芒格：</b>不能更好了。</p>\n<p><b>巴菲特：</b>在1934到1973年间，我记得美联储共计动用这项权利23还是24次，无论如何，美联储是决定杠杆是否会造成系统性问题的决策机关。</p>\n<p>1973到1974年的比率限制是50%，今天也一样，</p>\n<p>但在那之前的40年间，美联储把这个比例调整了23次，最高达到100%，最低也到过很低，总之这对宏观经济来说是一个很重要的指标。</p>\n<p>但是最终，华尔街找到了应对的方法。</p>\n<p><b>芒格：</b>他们通过游说来影响法规的修改。</p>\n<p><b>巴菲特：</b>对的。</p>\n<p><b>芒格：</b>这样他们就可以获得几乎无限的杠杆，同时进行私下交易，不记录在案，由此浑水摸鱼。</p>\n<p><b>问：</b>那银行可能会说：“我们内部消化了所有的杠杆问题，很多人的资产负债表甚至没有因此受损”，你怎么看？</p>\n<p><b>芒格：</b>有一个关于银行自我感觉良好的笑话，</p>\n<p>两个人用剃刀互割，一个人割了另一个人一刀，另一个人说，你没割到我。</p>\n<p>出刀的人说，等到你摇头的时候再说（意思是说头都给他割了，他还没察觉到）。</p>\n<p>只有中国正在采取积极行动预防危机</p>\n<p>而美国政府只是在任由股市陷入疯狂的过剩</p>\n<p><b>问：</b>那你们对今天的监管有什么建议？</p>\n<p><b>芒格：</b>监管应该修改法律，当然，如果你开一家赌场，你自然会希望那些大玩家更激进地赌博，这也是证券市场上正在发生的，但这是一个巨大的错误，也引发过很多悲剧。</p>\n<p>我们不该把人们带入他们承担不起的赌局，而且在交付环节也蕴含着风险，现在整个市场都处于混乱之中。</p>\n<p>通过这种不合理信贷扩张赚到钱的人会替它辩护，但没有人会反对信贷扩张。</p>\n<p>上一次监管作出正确的选择，是在整个西方世界在遭受史上最严重的衰退之后——只有这种程度的衰退才会让政界有所反应。</p>\n<p>这段时间发生的不过是一种总回报互换（total return swap）。</p>\n<p><b>问：</b>那这一次的问题该如何解决呢？有人建议让交易更加公开透明、打击高杠杆行为，你们认为答案是什么？</p>\n<p><b>芒格：</b>答案是：永远不要让这种事情发生。</p>\n<p>如果一开始你没有阻止错误发生，那它一定不会让你好受。</p>\n<p><b>巴菲特：</b>但是监管真的非常非常非常难做，以为如果你要搞大事情，就相当于要打击众多机构的利润中心。</p>\n<p><b>芒格：</b>大宗经纪业务本质上说就是专门贷款而给金融弄潮儿，这本身就非常危险，</p>\n<p>当这些人违反规则，就会伤及多家经纪商，他持续购买股票以维持股价，就是为了防止追加保证金，一旦变成这样，事情就会朝着难看的结局发展——事实也正是如此。</p>\n<p><b>问：</b>你刚刚提到了大萧条，那你认为在改变发生之前会发生一次系统性崩盘吗？</p>\n<p><b>芒格：</b>上一次监管采取正确措施是在西方世界发生最大危机之后，我自然是不想再看到这种情况发生。贤明的政策制定者应该在危机发生之前就采取措施。</p>\n<p><b>巴菲特：</b>但这很难的啦……</p>\n<p><b>芒格：</b>但是有趣的是，中国政府正采取的措施就是我所喜欢的事前措施，</p>\n<p>但我们鼓吹的伟大的自由市场经济、正让市场陷入疯狂的过剩，而中国政府正在阻止这种情况发生，他们对市场投机行为采取先发制人的措施。</p>\n<p><b>问：</b>查理，你说中国政府采取的措施正是我们应该效仿的，那对于马云你又如何看待相关事件呢？</p>\n<p><b>芒格：</b>你说的没错，但马云正是我说的那类金融弄潮儿，所以监管让他“见鬼去吧”，</p>\n<p>马云此前的所作所为就相当于告诉大家：“你们根本不知道你们在做什么，你们就是一群**，让我来教你们做人做事，我比你们做得更好”，</p>\n<p>而他说这些只是想不受限制地涉足银行业。</p>\n<p><b>问：</b>但他确实也给很多人提供了贷款……</p>\n<p><b>芒格：</b>中国政府只是做了正确的事，他们相当于告诉马云：小子，我们不会让你为所欲为。</p>\n<p>我不是说我们要全盘效仿中国，但是我确实希望我们的金融监管能在一定程度上师法中国。</p>\n<p><b>问：</b>无论如何，蚂蚁金融确实给很多得不到信贷支持的人群提供了所需的贷款。</p>\n<p><b>芒格：</b>我知道，但是银行业本质上对政府有担保责任，</p>\n<p>你不会想让马云这样的弄潮儿去经营银行业，让他们去做其他的生意就好。</p>\n<p>不应该让金融弄潮儿涉足银行业</p>\n<p>Robinhood的行为无异于开赌场，令人不齿</p>\n<p><b>问：</b>在美国，哪些人属于金融弄潮儿？</p>\n<p><b>芒格：</b>我可不想开始点名。</p>\n<p><b>巴菲特：</b>他们自己会跳出来的。</p>\n<p><b>……</b>（略去一段，原因是大家都懂的）</p>\n<p><b>芒格：</b>没错，本质上大家都没有什么不同，中国也一样。</p>\n<p>但是对于银行业来说，以美国的影子银行为例，人们可能认为它们不过是新兴的银行。</p>\n<p>但现在杠杆收购贷款业务已经流向了这些影子银行，目前这还没有引起什么大问题，但如果真的一直不出问题那才怪了。</p>\n<p>总之我不认为让这些人经营银行业是什么好事。</p>\n<p><b>问：</b>也许我们该聊聊Robinhood了，它也算是金融科技创新涉足了传统的券商领域……</p>\n<p><b>芒格：Robinhood</b>的所作所为令人不齿。</p>\n<p><b>问：</b>为什么这么说？</p>\n<p><b>芒格：</b>本质上它就是在开赌场，还伪装成正经生意。</p>\n<p><b>问：</b>但相反的意见认为它确实也让一般人有了接触证券市场的渠道。</p>\n<p><b>芒格：</b>它不想别人称之为赌场，但它本质上还是赌场。</p>\n<p><b>巴菲特：Robinhood</b>绝不会鼓励人们去买入交易成本低廉的<b>ETF</b>指数基金，然后让他们长期持有，比如说50年。</p>\n<p>我保证如果你去Robinhood开户，他们不会给你这样的投资建议。</p>\n<p><b>芒格：</b>对的。</p>\n<p><b>巴菲特：</b>相反，你会得到很多交易建议……</p>\n<p><b>芒格：</b>而且它会告诉人们没有交易佣金，但其实交易佣金都隐含在交易价格之中了，这本质上是一种腌臜，丑恶的行为，但有趣的是很多好人、正直的人也在支持它的所作所为。</p>\n<p>……</p>\n<p><b>第三部分：从教训中学习</b></p>\n<p><b>导读：</b>过去<i>66</i>年中，巴菲特一直经营者伯克希尔<i>·</i>哈撒韦，但无论你相信与否，他曾经说收购伯克希尔是他最失败的交易，伯克希尔原先是一家重资产的纺织公司，后来开始经营保险业务才开始实现飞跃，巴菲特曾表示，如果一开始就直接做保险，伯克希尔的市值可能远高于现在。</p>\n<p>巴菲特和芒格常说，从错误中可以学到更多，就比如他们的早期的一笔交易：买入蓝带印花公司（<i>Blue Chip Stamps</i>）<i>——</i></p>\n<p>如果发现一个显而易见的错误</p>\n<p>立刻纠正它</p>\n<p>因为等待不会让它变得更好</p>\n<p><b>问：</b>谈谈蓝带印花公司这比交易？</p>\n<p><b>芒格：</b>当时我们和另外一个朋友，瑞克·格林一起买入了蓝带印花公司的股票，很快我们就成为最大股东，现在这家公司已经是伯克希尔的一部分了，但是现在赠品兑换券行业已经消失了，这家公司的早期生意也早就消失了。</p>\n<p><b>巴菲特：</b>不是消失，而是失败了。</p>\n<p><b>芒格：</b>没错，是失败了。</p>\n<p><b>芒格：</b>但是在这个行业失败之前，我们也赚了不少，所以这笔交易对我们来说还算好。</p>\n<p><b>巴菲特：</b>我们对这家公司进行了转型，但实事求是地说，这家公司原本的三项业务最后都消失了，不再适应这个社会的发展。</p>\n<p>事实上我们最早的一笔交易是入股了一家所谓“多元化零售”公司，实际上就是巴尔的摩的一家百货商店，</p>\n<p>当时桑迪·特斯曼（Sandy Gottesman）持股10%，查理占10%，然后以合伙人身份持有10%，我也以合伙人身份持80%，但我们是平等的合伙人。</p>\n<p>我们投入了600万美元，虽然称之为“多元化零售”，但事实上我们只有一家百货商店，</p>\n<p>这笔投资一开始也让我们收获了不少乐趣，但是我们慢慢也看到这家百货商店……</p>\n<p><b>芒格：</b>行业开始不景气，我们的生意也无法持续。并没有过很久，我们就意识到，我们犯了一个巨大的错误。</p>\n<p><b>巴菲特：</b>是的。</p>\n<p><b>问：</b>为什么这么说？&nbsp;</p>\n<p><b>芒格：</b>你也听过一句话，叫做“让我离开这个陷阱，我不要这个奶酪了”。</p>\n<p>我们领悟了一个事实就是，我们买进的这项生意并不好做，卖方做了一个正确的决定，而我们做了一个糟糕的决策。</p>\n<p><b>巴菲特：</b>是的，当时经营它的人是桑迪妻子的亲属，非常优秀的人——</p>\n<p><b>芒格：</b>非常值得尊敬的人——</p>\n<p><b>巴菲特：</b>是的，非常聪明。</p>\n<p>如果一家企业由这么好的管理人运作依然亏损，那么这之中必然存在问题。所以不如把优秀的人才放到另一项事务上，并且把资本也放到其他项目上。</p>\n<p><b>芒格：</b>这家公司并没有真正地亏钱，但是我们可以预见到，它之后即将亏损。</p>\n<p><b>巴菲特：</b>是的，所以我们把这家百货商场出售了。</p>\n<p>这家连锁百货商场在1983年关门，赫茨勒的丝绸百货公司在1985年或是1986年也关掉了。很容易理解，那里的人们想要建更多的分店。</p>\n<p>但是，你不会想在注定走向失败的企业里面再投入更多的资本。</p>\n<p>我们在里面投入了600万美元，这是一个愚蠢的决定。</p>\n<p>那600万美元现在值多少钱？查理？</p>\n<p><b>芒格：</b>好多亿美元。</p>\n<p><b>巴菲特：</b>上百亿美元。</p>\n<p><b>芒格：</b>对。</p>\n<p><b>巴菲特：</b>如果这家连锁百货商场成功了，我们就拥有了一个不错的小生意，会给我们带来不错的利润。</p>\n<p>但正因为它失败了，我们创造了超过250亿美元的收益，虽然在当时它并不像能创造这么多利润的项目。</p>\n<p><b>问：</b>所以，当你认识到这件事情是个错误的时候，你做了哪些事情？如何去解决它？</p>\n<p><b>巴菲特：</b>我们问桑迪，我们之中谁是最好的销售，去把它卖掉。然后，我们就把这个生意卖掉了，卖来的钱放到了伯克希尔里面。</p>\n<p><b>芒格：</b>我们拿回了95%的钱。</p>\n<p><b>巴菲特：</b>是的，我们借了600万美金，得以买入伯克希尔的股票和蓝带印花公司并将其合为一体。</p>\n<p>就像一盘意面，表面看起来很复杂，并不理想，所以我们将其合为一体。</p>\n<p>就像我的许多合伙人一样，我和查理都还持有零售方面的股票。但是就过去的日子来说，发生在我们身上的最好的事情就是，这个失败的事情显然会失败。</p>\n<p><b>问：</b>为什么？</p>\n<p><b>芒格：</b>迅速撤出。</p>\n<p><b>巴菲特：</b>对，然后把资本放到其他地方。</p>\n<p><b>芒格：</b>我们学会的一件事情就是，如果显而易见这是一个错误，那就去快速地纠正它。在你等待的期间它并不会变好。</p>\n<p><b>……</b></p>\n<p><b>第五部分：疫情带来的影响</b></p>\n<p><b>导言：</b>被戏称为资本家的伍德斯托克音乐节<i>——</i>伯克希尔<i>·</i>哈撒韦的年会规模从在国家产险公司餐厅里的<i>20</i>人扩大到奥马哈最大的会议中心的<i>40000</i>人，直到<i>2020</i>年新冠疫情的蔓延迫使会议不得不线上举行，这意味着巴菲特在没有芒格出席的情况下举行会议。</p>\n<p>但在今年，在芒格的家乡洛杉矶举行的线上会议中，两人又再度聚首（点此查看聪投对<i>2021</i>年股东大会的报道）。</p>\n<p>开完会后，我与他们坐在芒格家的后院，他们回顾了这一场疫情对于经济和他们自己远程工作经历的影响<i>——</i></p>\n<p>芒格：疫情让我爱上了Zoom</p>\n<p>巴菲特：疫情对各国的经济影响极不平均</p>\n<p><b>问：</b>去年，在疫情之下你们的生活都发生了巨大的变化。查理，我听说你现在非常习惯用Zoom？</p>\n<p><b>芒格：</b>是的，我简直爱上了Zoom。</p>\n<p><b>问：</b>那么你用Zoom与人聊天的频率如何？</p>\n<p><b>芒格：</b>一天至少三次！我在澳大利亚谈了一项生意，<b>Zoom</b>成了必需品，它太方便了。</p>\n<p><b>巴菲特：</b>对，如果你也97岁的话。虽然显然我和查理的交流很多，但我们从来没有用Zoom交流过。</p>\n<p><b>芒格：</b>那只是因为——</p>\n<p><b>巴菲特：</b>我不用Zoom。</p>\n<p><b>问：</b>为什么你不喜欢Zoom呢？</p>\n<p><b>巴菲特：</b>用Zoom的话，一整个屏幕上显示的都是人像，</p>\n<p>我不认为这对于我来说是个加分项。你知道，我喜欢把脚翘在桌子上；</p>\n<p>所以，我对电话非常满意。</p>\n<p><b>问：</b>所以疫情过后，生活和工作发生了哪些变化？回到正轨上去还是另外发生了什么？</p>\n<p><b>芒格：</b>我想，频繁出差的事情再也不会发生了。</p>\n<p>一个接一个的公司都决定一年只开一次或者两次现场会议，其他都在<b>Zoom</b>线上完成。</p>\n<p>当然，很多人都发现他们并不需要在办公室。我想，很多新的改变会发生，我们不会再回到从前。</p>\n<p><b>巴菲特：</b>我们的一些生意也发生了变化，而另一些则变化甚微。</p>\n<p>在整个疫情过程中，预测经济和病毒将如何变化在很多方面震惊了我们。</p>\n<p>如果我们看各国疫情的曲线，我们就会发现，一个经济非常强盛的世界会如何被其他事情所扰乱，而这种事件根本无法被预测。</p>\n<p>疫情带来的经济影响是极其不平均的；</p>\n<p>我们不知道究竟有多少个小型企业在这场疫情中受创严重，但是，绝大多数的大型企业表现较好，除非他们做的是酒店之类的行业。</p>\n<p>很多国家对中国的封城措施不以为然</p>\n<p>之后尝到了苦果</p>\n<p>世界随时可能面临下一场“疫情”</p>\n<p><b>芒格：</b>但是，一些国家做得比我们好。</p>\n<p>比如中国只封城了6个星期。而事实证明，这是一个非常正确的决策。</p>\n<p>他们不允许任何的接触，人们在公寓的箱子里面拿取生活用品而这就是你在这6周里面与外界的所有接触。</p>\n<p>而当这一切结束之后，他们又正常恢复了工作。事实证明，他们的作为非常正确。</p>\n<p><b>巴菲特：</b>但是其他国家，他们不断地封城再封城，导致了很多问题。</p>\n<p>像是瑞典，瑞典说，“我们不会这么做”，看起来在一段时间之内疫情表现不那么糟糕，但是这带来的结果非常非常地不可预计。</p>\n<p><b>芒格：</b>是的，非常困难。</p>\n<p><b>巴菲特：</b>是的，这种不可估计的结果还没有结束，</p>\n<p>从经济层面同样难以预计。最终结果要比人们的预测要好一些。但是对于某些人来说，他们自己没有错，但却被破坏了希望。政府应该给予这些人帮助。</p>\n<p><b>芒格：</b>但是，某些企业——</p>\n<p><b>巴菲特：</b>是繁荣的。</p>\n<p><b>芒格：</b>从疫情中恢复并不仅仅使得他们回归正轨，而是创造了他们从未预期过的、难以置信的成功。</p>\n<p>汽车经销商们在疫情期间赚到了他们从未预想过的钱。</p>\n<p><b>巴菲特：</b>我们合作的所有经销商们，他们都意识到，在3月和4月，他们将会面临严重的问题。</p>\n<p>有一些人希望可以从政府处得到一些帮助，但是我们作为富有的母公司可以为他们提供一些帮助。</p>\n<p><b>问：</b>什么事情使你最为震惊？去年你学到了哪些？</p>\n<p><b>巴菲特：</b>我发现，人们并不像他们自以为地了解那么多。</p>\n<p>但最重要的是，人们知道了，疫情注定会发生，这并不是最糟糕的。我们所有人、社会都准备着，有些事情看似遥远，但可能马上就发生。</p>\n<p>世界可能出现另外一场疫情，或者，我们知道会有核武器、化学武器、生化武器，还有网络威胁，每一种都存在极可怕的潜在威胁。而这些似乎都不是社会有能力去处理的问题。</p>\n<p>网络威胁才刚刚出现，但看看它已经造成的破坏。查理和我在很多方面的都非常幸运，但是最幸运的其实是我们处在的时间与地点。</p>\n<p>在拥有<b>75</b>亿人口的<b>200</b>个国家之间，存在紧张的关系，不同的制度、政府以及各种各样的事情。</p>\n<p>我们究竟如何解决这些问题，使人类，从现在开始的<b>50</b>年、<b>100</b>年、<b>200</b>年，能够享受到更好的生活，而不是去让世界变得更糟。</p>\n<p><b>第六部分：如何管理公司</b></p>\n<p><b>导言：</b>从市值来说，这是世界上最大的<i>10</i>家公司之一，在全球拥有<i>36</i>万名员工。但是伯克希尔哈撒韦分散式经营的总部设在这里，在奥马哈的一栋建筑里租用了两层楼，只有<i>24</i>个员工。这里的不同之处就在于两个人，沃伦<i>·</i>巴菲特和查理<i>·</i>芒格。</p>\n<p>我们都不喜欢官僚主义</p>\n<p>宁可和有趣的人一起蹲监狱</p>\n<p>……</p>","collect":0,"html":"<!DOCTYPE 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href=\"https://laohu8.com/wemedia/1099700152\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a7c738c7f8064893867178b3c734f17b);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">阿皮亚投资 </p>\n<p class=\"h-time\">2021-07-03 10:07</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>原标题：巴菲特&amp;芒格最新访谈：中国在采取行动预防危机，自由市场经济正让市场陷入疯狂的过剩</p>\n<p><b>芒格：“对冲基金行业喜欢用非正常的方式扩充信用，然后赚到异常高的利润，全世界都知道这里充斥着骗子和傻子，但是他们充耳不闻，因为他们觉得正因如此才可以轻松赚钱。”</b></p>\n<p><b>巴菲特：“很久以前我们就学到一条规律：你不可能和一个不正直的人达成好的交易，如果你还对此心存侥幸，那我劝你最好放弃。</b></p>\n<p><b>不正直的交易对手懂得更多邪门歪道，虽然他们最终可能会输光一切，但就单个交易来说，他们会赢，让你蒙受损失，所以我也劝大家不要在这种事上浪费生命。”</b></p>\n<p><b>芒格：“中国政府正采取的措施就是我所喜欢的事前措施，</b></p>\n<p><b>但我们鼓吹的伟大的自由市场经济正让市场陷入疯狂的过剩，而中国政府正在阻止这种情况发生，他们对市场投机行为采取先发制人的措施。”</b></p>\n<p><b>“我不是说我们要全盘效仿中国，但是我确实希望我们的金融监管能在一定程度上师法中国。”</b></p>\n<p><b>“中国政府只是做了正确的事，他们相当于告诉马云：小子，我们不会让你为所欲为。”</b></p>\n<p><b>芒格：“本质上Robinhood就是在开赌场，还伪装成正经生意。它不想别人称之为赌场，但它本质上还是赌场。”</b></p>\n<p><b>巴菲特：“Robinhood绝不会鼓励人们去买入交易成本低廉的ETF指数基金，然后让他们长期持有。相反，你会得到很多交易建议……”</b></p>\n<p><b>芒格：“而且它会告诉人们没有交易佣金，但其实交易佣金都隐含在交易价格之中了，这本质上是一种腌臜，丑恶的行为。”</b></p>\n<p><b>芒格：“我最喜欢沃伦的地方就在于他的质疑精神，我们都不会对于那些文明进程中了不起的人心存太多敬畏之心（以至于不敢对他们有所质疑）。”</b></p>\n<p><b>巴菲特：“如果一家企业由这么好的管理人运作依然亏损，那么这之中必然存在问题。所以不如把优秀的人才放到另一项事务上，并且把资本也放到其他项目上。”</b></p>\n<p><b>巴菲特：“我们能够与真正喜欢的人交往，这在生活中简直是一种奢侈品……这种奢侈的事情我们已经享受了60年。</b></p>\n<p><b>能够做你真正想做的事，以及交往你真正想要交往的人，这是生活中最妙的事情。”</b></p>\n<p><b>芒格：“我想，频繁出差的事情再也不会发生了。一个接一个的公司都决定一年只开一次或者两次现场会议，其他都在<a href=\"https://laohu8.com/S/ZM\">Zoom</a>线上完成。当然，很多人都发现他们并不需要在办公室。我想，很多新的改变会发生，我们不会再回到从前。”</b></p>\n<p><b>巴菲特：“在拥有75亿人口的200个国家之间，存在紧张的关系，不同的制度、政府以及各种各样的事情。我们究竟如何解决这些问题，使人类，从现在开始的50年、100年、200年，能够享受到更好的生活，而不是去让世界变得更糟。”</b></p>\n<p><b>芒格：“我自信预测，总有一天，愚蠢的官僚主义可以被消灭，我们会变得更好。</b></p>\n<p><b>就像我们发现我们可以减少一些商务出行，我们也会发现我们可以在美国的公司里面消除一些愚蠢的官僚主义。”</b></p>\n<p>以上是巴菲特和芒格、6月29日在<b>CNBC</b>的专题采访<b>“</b>巴菲特与芒格<b>——</b>智慧的财富<b>”</b>上分享的最新精彩观点和人生经验。</p>\n<p><img src=\"https://static.tigerbbs.com/d8075d98ddcf40739b376cf8c0c1093f\" tg-width=\"716\" tg-height=\"488\" referrerpolicy=\"no-referrer\"></p>\n<p>巴菲特和芒格是一对有着60多年友谊的挚友，他们的友谊不仅缔造了一段长达50年的投资传奇，也让<a href=\"https://laohu8.com/S/BRK.A\">伯克希尔</a>·哈撒韦，一家原本濒临倒闭的纺织公司逐渐成长为史上最具价值的商业巨头之一。</p>\n<p>这次采访分为六个部分：</p>\n<p>第一部分是巴芒对一些时事的评论，芒格一如既往展现了他的“毒舌”天赋，对于Archegos爆仓事件，他表示那些参与的券商都是傻瓜，而<a href=\"https://laohu8.com/S/CS\">瑞士信贷</a>是其中最大的傻瓜，受到轻松赚快钱的诱惑给黄比尔这样的内幕交易者放贷，最后尝到苦果。</p>\n<p>巴菲特则表示，伯克希尔很早就认识到一点，那就是不能和不正直的人做交易，因为肯定会吃亏。</p>\n<p>谈到市场过热的问题，两人都认为美联储和财政部都没有对可能到来的危机采取措施，</p>\n<p>芒格指出，资本主义社会鼓吹的自由市场放任市场过热，而中国却在采取事前行动，预防危机，在这个方面美国应该向中国学习。</p>\n<p>问及蚂蚁金融相关的问题，芒格犀利地指出，马云这样的金融弄潮儿不适合涉足银行业，因为本质上银行业是与国家有担保关系的存在。</p>\n<p><b>芒格旗下的Daily Journal在今年一季度把<a href=\"https://laohu8.com/S/BABA\">阿里巴巴</a>买成了第三大重仓股，高达19%的占比。</b></p>\n<p><b>他对阿里如何判断，对马云如何评价，对于阿里目前竞争优势，竞争格局有何分析自然也是大家关注的重点。</b></p>\n<p><b>对于Robinhood这样的在线券商，两人也都非常不屑，芒格认为Robinhood就是一个赌场；</b></p>\n<p>巴菲特也指出，Robinhood绝不会鼓励长期投资，而是不断给出交易建议，然后赚取隐含在买家中的佣金，芒格直言：这种行为很可耻。</p>\n<p>第二部分，两人聊到了初次见面时的场景，</p>\n<p>巴菲特坦言，与芒格相逢之前，他就因为投资人觉得他和芒格很像而获得了一大笔投资，这让他对芒格有了好感，初次见面就一拍即合、一见如故，成为终身挚友。</p>\n<p>在之后的部分中他们聊到了以往投资中的教训、要与优秀人的人交往、疫情的影响和如何管理公司等等主题。</p>\n<p>芒格表示疫情让他彻底爱上了Zoom，他认为疫情就算结束，Zoom也会在很大程度上改变人们的工作方式。</p>\n<p>而巴菲特则不喜欢用Zoom，而是更喜欢打电话。</p>\n<p>更多的请见聪投精译的精彩内容，<b>全文点此查看。</b></p>\n<p><b>第一部分：巴芒二人组的时事辣评</b></p>\n<p><b>导言：</b>巴菲特和芒格直言不讳的性格以及拒绝追逐偏离基本面的热门市场，使得他们的观点不总是令人愉快，就比如他们对比特币的看法。</p>\n<p>今晚我们就最新的一些新闻头条询问了芒格和巴菲特的看法<i>——</i></p>\n<p>巴菲特：和不正直的人做生意不会得到好结果</p>\n<p>芒格：Archegos爆仓事件中</p>\n<p>参与的券商都是傻瓜</p>\n<p>而瑞信是最大的傻瓜</p>\n<p><b>问：</b>让我们从先前的对冲基金Archegos爆仓事件开始，这次事件导致让瑞士信贷损失了55亿美元……</p>\n<p><b>芒格：</b>想想看这件事是多么愚蠢，诚然这笔交易非常有诱惑性，给这个混蛋放贷可以轻松赚到快钱，但他（Archegos的比尔·黄）是一个内幕交易者，来自最疯狂的对冲基金行业。</p>\n<p>这个行业喜欢用非正常的方式扩充信用，然后赚到异常高的利润，全世界都知道这里充斥着骗子和傻子，但是他们充耳不闻，因为他们觉得正因如此才可以轻松赚钱。</p>\n<p><b>巴菲特：</b>很久以前我们就学到一条规律：你不可能和一个不正直的人达成好的交易，如果你还对此心存侥幸，那我劝你最好放弃。</p>\n<p>因为当你达成这样的交易之后，你的对手方总是会赢，伯克希尔以及我个人都不会把时间浪费在这种事情上。</p>\n<p>不正直的交易对手懂得更多邪门歪道，虽然他们最终可能会输光一切，但就单个交易来说，他们会赢，让你蒙受损失，所以我也劝大家不要在这种事上浪费生命。</p>\n<p><b>问：</b>也不只是瑞士信贷栽了跟头，还有很多公司和Archegos做生意……</p>\n<p><b>芒格：</b>没错，没错，这说明他们都是傻瓜，但瑞士信贷是其中最大的傻瓜。</p>\n<p>大萧条之后美联储开始限制杠杆</p>\n<p>但上有政策，下有对策</p>\n<p>华尔街很快找到了应对之道</p>\n<p><b>巴菲特：</b>1934年，在大萧条结束之后，吸取了1929年市场杠杆过高的教训，美联储被授予了限制市场杠杆率的权利……</p>\n<p><b>芒格：</b>这是个极好的主意。</p>\n<p><b>巴菲特：</b>好得不得了。</p>\n<p><b>芒格：</b>不能更好了。</p>\n<p><b>巴菲特：</b>在1934到1973年间，我记得美联储共计动用这项权利23还是24次，无论如何，美联储是决定杠杆是否会造成系统性问题的决策机关。</p>\n<p>1973到1974年的比率限制是50%，今天也一样，</p>\n<p>但在那之前的40年间，美联储把这个比例调整了23次，最高达到100%，最低也到过很低，总之这对宏观经济来说是一个很重要的指标。</p>\n<p>但是最终，华尔街找到了应对的方法。</p>\n<p><b>芒格：</b>他们通过游说来影响法规的修改。</p>\n<p><b>巴菲特：</b>对的。</p>\n<p><b>芒格：</b>这样他们就可以获得几乎无限的杠杆，同时进行私下交易，不记录在案，由此浑水摸鱼。</p>\n<p><b>问：</b>那银行可能会说：“我们内部消化了所有的杠杆问题，很多人的资产负债表甚至没有因此受损”，你怎么看？</p>\n<p><b>芒格：</b>有一个关于银行自我感觉良好的笑话，</p>\n<p>两个人用剃刀互割，一个人割了另一个人一刀，另一个人说，你没割到我。</p>\n<p>出刀的人说，等到你摇头的时候再说（意思是说头都给他割了，他还没察觉到）。</p>\n<p>只有中国正在采取积极行动预防危机</p>\n<p>而美国政府只是在任由股市陷入疯狂的过剩</p>\n<p><b>问：</b>那你们对今天的监管有什么建议？</p>\n<p><b>芒格：</b>监管应该修改法律，当然，如果你开一家赌场，你自然会希望那些大玩家更激进地赌博，这也是证券市场上正在发生的，但这是一个巨大的错误，也引发过很多悲剧。</p>\n<p>我们不该把人们带入他们承担不起的赌局，而且在交付环节也蕴含着风险，现在整个市场都处于混乱之中。</p>\n<p>通过这种不合理信贷扩张赚到钱的人会替它辩护，但没有人会反对信贷扩张。</p>\n<p>上一次监管作出正确的选择，是在整个西方世界在遭受史上最严重的衰退之后——只有这种程度的衰退才会让政界有所反应。</p>\n<p>这段时间发生的不过是一种总回报互换（total return swap）。</p>\n<p><b>问：</b>那这一次的问题该如何解决呢？有人建议让交易更加公开透明、打击高杠杆行为，你们认为答案是什么？</p>\n<p><b>芒格：</b>答案是：永远不要让这种事情发生。</p>\n<p>如果一开始你没有阻止错误发生，那它一定不会让你好受。</p>\n<p><b>巴菲特：</b>但是监管真的非常非常非常难做，以为如果你要搞大事情，就相当于要打击众多机构的利润中心。</p>\n<p><b>芒格：</b>大宗经纪业务本质上说就是专门贷款而给金融弄潮儿，这本身就非常危险，</p>\n<p>当这些人违反规则，就会伤及多家经纪商，他持续购买股票以维持股价，就是为了防止追加保证金，一旦变成这样，事情就会朝着难看的结局发展——事实也正是如此。</p>\n<p><b>问：</b>你刚刚提到了大萧条，那你认为在改变发生之前会发生一次系统性崩盘吗？</p>\n<p><b>芒格：</b>上一次监管采取正确措施是在西方世界发生最大危机之后，我自然是不想再看到这种情况发生。贤明的政策制定者应该在危机发生之前就采取措施。</p>\n<p><b>巴菲特：</b>但这很难的啦……</p>\n<p><b>芒格：</b>但是有趣的是，中国政府正采取的措施就是我所喜欢的事前措施，</p>\n<p>但我们鼓吹的伟大的自由市场经济、正让市场陷入疯狂的过剩，而中国政府正在阻止这种情况发生，他们对市场投机行为采取先发制人的措施。</p>\n<p><b>问：</b>查理，你说中国政府采取的措施正是我们应该效仿的，那对于马云你又如何看待相关事件呢？</p>\n<p><b>芒格：</b>你说的没错，但马云正是我说的那类金融弄潮儿，所以监管让他“见鬼去吧”，</p>\n<p>马云此前的所作所为就相当于告诉大家：“你们根本不知道你们在做什么，你们就是一群**，让我来教你们做人做事，我比你们做得更好”，</p>\n<p>而他说这些只是想不受限制地涉足银行业。</p>\n<p><b>问：</b>但他确实也给很多人提供了贷款……</p>\n<p><b>芒格：</b>中国政府只是做了正确的事，他们相当于告诉马云：小子，我们不会让你为所欲为。</p>\n<p>我不是说我们要全盘效仿中国，但是我确实希望我们的金融监管能在一定程度上师法中国。</p>\n<p><b>问：</b>无论如何，蚂蚁金融确实给很多得不到信贷支持的人群提供了所需的贷款。</p>\n<p><b>芒格：</b>我知道，但是银行业本质上对政府有担保责任，</p>\n<p>你不会想让马云这样的弄潮儿去经营银行业，让他们去做其他的生意就好。</p>\n<p>不应该让金融弄潮儿涉足银行业</p>\n<p>Robinhood的行为无异于开赌场，令人不齿</p>\n<p><b>问：</b>在美国，哪些人属于金融弄潮儿？</p>\n<p><b>芒格：</b>我可不想开始点名。</p>\n<p><b>巴菲特：</b>他们自己会跳出来的。</p>\n<p><b>……</b>（略去一段，原因是大家都懂的）</p>\n<p><b>芒格：</b>没错，本质上大家都没有什么不同，中国也一样。</p>\n<p>但是对于银行业来说，以美国的影子银行为例，人们可能认为它们不过是新兴的银行。</p>\n<p>但现在杠杆收购贷款业务已经流向了这些影子银行，目前这还没有引起什么大问题，但如果真的一直不出问题那才怪了。</p>\n<p>总之我不认为让这些人经营银行业是什么好事。</p>\n<p><b>问：</b>也许我们该聊聊Robinhood了，它也算是金融科技创新涉足了传统的券商领域……</p>\n<p><b>芒格：Robinhood</b>的所作所为令人不齿。</p>\n<p><b>问：</b>为什么这么说？</p>\n<p><b>芒格：</b>本质上它就是在开赌场，还伪装成正经生意。</p>\n<p><b>问：</b>但相反的意见认为它确实也让一般人有了接触证券市场的渠道。</p>\n<p><b>芒格：</b>它不想别人称之为赌场，但它本质上还是赌场。</p>\n<p><b>巴菲特：Robinhood</b>绝不会鼓励人们去买入交易成本低廉的<b>ETF</b>指数基金，然后让他们长期持有，比如说50年。</p>\n<p>我保证如果你去Robinhood开户，他们不会给你这样的投资建议。</p>\n<p><b>芒格：</b>对的。</p>\n<p><b>巴菲特：</b>相反，你会得到很多交易建议……</p>\n<p><b>芒格：</b>而且它会告诉人们没有交易佣金，但其实交易佣金都隐含在交易价格之中了，这本质上是一种腌臜，丑恶的行为，但有趣的是很多好人、正直的人也在支持它的所作所为。</p>\n<p>……</p>\n<p><b>第三部分：从教训中学习</b></p>\n<p><b>导读：</b>过去<i>66</i>年中，巴菲特一直经营者伯克希尔<i>·</i>哈撒韦，但无论你相信与否，他曾经说收购伯克希尔是他最失败的交易，伯克希尔原先是一家重资产的纺织公司，后来开始经营保险业务才开始实现飞跃，巴菲特曾表示，如果一开始就直接做保险，伯克希尔的市值可能远高于现在。</p>\n<p>巴菲特和芒格常说，从错误中可以学到更多，就比如他们的早期的一笔交易：买入蓝带印花公司（<i>Blue Chip Stamps</i>）<i>——</i></p>\n<p>如果发现一个显而易见的错误</p>\n<p>立刻纠正它</p>\n<p>因为等待不会让它变得更好</p>\n<p><b>问：</b>谈谈蓝带印花公司这比交易？</p>\n<p><b>芒格：</b>当时我们和另外一个朋友，瑞克·格林一起买入了蓝带印花公司的股票，很快我们就成为最大股东，现在这家公司已经是伯克希尔的一部分了，但是现在赠品兑换券行业已经消失了，这家公司的早期生意也早就消失了。</p>\n<p><b>巴菲特：</b>不是消失，而是失败了。</p>\n<p><b>芒格：</b>没错，是失败了。</p>\n<p><b>芒格：</b>但是在这个行业失败之前，我们也赚了不少，所以这笔交易对我们来说还算好。</p>\n<p><b>巴菲特：</b>我们对这家公司进行了转型，但实事求是地说，这家公司原本的三项业务最后都消失了，不再适应这个社会的发展。</p>\n<p>事实上我们最早的一笔交易是入股了一家所谓“多元化零售”公司，实际上就是巴尔的摩的一家百货商店，</p>\n<p>当时桑迪·特斯曼（Sandy Gottesman）持股10%，查理占10%，然后以合伙人身份持有10%，我也以合伙人身份持80%，但我们是平等的合伙人。</p>\n<p>我们投入了600万美元，虽然称之为“多元化零售”，但事实上我们只有一家百货商店，</p>\n<p>这笔投资一开始也让我们收获了不少乐趣，但是我们慢慢也看到这家百货商店……</p>\n<p><b>芒格：</b>行业开始不景气，我们的生意也无法持续。并没有过很久，我们就意识到，我们犯了一个巨大的错误。</p>\n<p><b>巴菲特：</b>是的。</p>\n<p><b>问：</b>为什么这么说？&nbsp;</p>\n<p><b>芒格：</b>你也听过一句话，叫做“让我离开这个陷阱，我不要这个奶酪了”。</p>\n<p>我们领悟了一个事实就是，我们买进的这项生意并不好做，卖方做了一个正确的决定，而我们做了一个糟糕的决策。</p>\n<p><b>巴菲特：</b>是的，当时经营它的人是桑迪妻子的亲属，非常优秀的人——</p>\n<p><b>芒格：</b>非常值得尊敬的人——</p>\n<p><b>巴菲特：</b>是的，非常聪明。</p>\n<p>如果一家企业由这么好的管理人运作依然亏损，那么这之中必然存在问题。所以不如把优秀的人才放到另一项事务上，并且把资本也放到其他项目上。</p>\n<p><b>芒格：</b>这家公司并没有真正地亏钱，但是我们可以预见到，它之后即将亏损。</p>\n<p><b>巴菲特：</b>是的，所以我们把这家百货商场出售了。</p>\n<p>这家连锁百货商场在1983年关门，赫茨勒的丝绸百货公司在1985年或是1986年也关掉了。很容易理解，那里的人们想要建更多的分店。</p>\n<p>但是，你不会想在注定走向失败的企业里面再投入更多的资本。</p>\n<p>我们在里面投入了600万美元，这是一个愚蠢的决定。</p>\n<p>那600万美元现在值多少钱？查理？</p>\n<p><b>芒格：</b>好多亿美元。</p>\n<p><b>巴菲特：</b>上百亿美元。</p>\n<p><b>芒格：</b>对。</p>\n<p><b>巴菲特：</b>如果这家连锁百货商场成功了，我们就拥有了一个不错的小生意，会给我们带来不错的利润。</p>\n<p>但正因为它失败了，我们创造了超过250亿美元的收益，虽然在当时它并不像能创造这么多利润的项目。</p>\n<p><b>问：</b>所以，当你认识到这件事情是个错误的时候，你做了哪些事情？如何去解决它？</p>\n<p><b>巴菲特：</b>我们问桑迪，我们之中谁是最好的销售，去把它卖掉。然后，我们就把这个生意卖掉了，卖来的钱放到了伯克希尔里面。</p>\n<p><b>芒格：</b>我们拿回了95%的钱。</p>\n<p><b>巴菲特：</b>是的，我们借了600万美金，得以买入伯克希尔的股票和蓝带印花公司并将其合为一体。</p>\n<p>就像一盘意面，表面看起来很复杂，并不理想，所以我们将其合为一体。</p>\n<p>就像我的许多合伙人一样，我和查理都还持有零售方面的股票。但是就过去的日子来说，发生在我们身上的最好的事情就是，这个失败的事情显然会失败。</p>\n<p><b>问：</b>为什么？</p>\n<p><b>芒格：</b>迅速撤出。</p>\n<p><b>巴菲特：</b>对，然后把资本放到其他地方。</p>\n<p><b>芒格：</b>我们学会的一件事情就是，如果显而易见这是一个错误，那就去快速地纠正它。在你等待的期间它并不会变好。</p>\n<p><b>……</b></p>\n<p><b>第五部分：疫情带来的影响</b></p>\n<p><b>导言：</b>被戏称为资本家的伍德斯托克音乐节<i>——</i>伯克希尔<i>·</i>哈撒韦的年会规模从在国家产险公司餐厅里的<i>20</i>人扩大到奥马哈最大的会议中心的<i>40000</i>人，直到<i>2020</i>年新冠疫情的蔓延迫使会议不得不线上举行，这意味着巴菲特在没有芒格出席的情况下举行会议。</p>\n<p>但在今年，在芒格的家乡洛杉矶举行的线上会议中，两人又再度聚首（点此查看聪投对<i>2021</i>年股东大会的报道）。</p>\n<p>开完会后，我与他们坐在芒格家的后院，他们回顾了这一场疫情对于经济和他们自己远程工作经历的影响<i>——</i></p>\n<p>芒格：疫情让我爱上了Zoom</p>\n<p>巴菲特：疫情对各国的经济影响极不平均</p>\n<p><b>问：</b>去年，在疫情之下你们的生活都发生了巨大的变化。查理，我听说你现在非常习惯用Zoom？</p>\n<p><b>芒格：</b>是的，我简直爱上了Zoom。</p>\n<p><b>问：</b>那么你用Zoom与人聊天的频率如何？</p>\n<p><b>芒格：</b>一天至少三次！我在澳大利亚谈了一项生意，<b>Zoom</b>成了必需品，它太方便了。</p>\n<p><b>巴菲特：</b>对，如果你也97岁的话。虽然显然我和查理的交流很多，但我们从来没有用Zoom交流过。</p>\n<p><b>芒格：</b>那只是因为——</p>\n<p><b>巴菲特：</b>我不用Zoom。</p>\n<p><b>问：</b>为什么你不喜欢Zoom呢？</p>\n<p><b>巴菲特：</b>用Zoom的话，一整个屏幕上显示的都是人像，</p>\n<p>我不认为这对于我来说是个加分项。你知道，我喜欢把脚翘在桌子上；</p>\n<p>所以，我对电话非常满意。</p>\n<p><b>问：</b>所以疫情过后，生活和工作发生了哪些变化？回到正轨上去还是另外发生了什么？</p>\n<p><b>芒格：</b>我想，频繁出差的事情再也不会发生了。</p>\n<p>一个接一个的公司都决定一年只开一次或者两次现场会议，其他都在<b>Zoom</b>线上完成。</p>\n<p>当然，很多人都发现他们并不需要在办公室。我想，很多新的改变会发生，我们不会再回到从前。</p>\n<p><b>巴菲特：</b>我们的一些生意也发生了变化，而另一些则变化甚微。</p>\n<p>在整个疫情过程中，预测经济和病毒将如何变化在很多方面震惊了我们。</p>\n<p>如果我们看各国疫情的曲线，我们就会发现，一个经济非常强盛的世界会如何被其他事情所扰乱，而这种事件根本无法被预测。</p>\n<p>疫情带来的经济影响是极其不平均的；</p>\n<p>我们不知道究竟有多少个小型企业在这场疫情中受创严重，但是，绝大多数的大型企业表现较好，除非他们做的是酒店之类的行业。</p>\n<p>很多国家对中国的封城措施不以为然</p>\n<p>之后尝到了苦果</p>\n<p>世界随时可能面临下一场“疫情”</p>\n<p><b>芒格：</b>但是，一些国家做得比我们好。</p>\n<p>比如中国只封城了6个星期。而事实证明，这是一个非常正确的决策。</p>\n<p>他们不允许任何的接触，人们在公寓的箱子里面拿取生活用品而这就是你在这6周里面与外界的所有接触。</p>\n<p>而当这一切结束之后，他们又正常恢复了工作。事实证明，他们的作为非常正确。</p>\n<p><b>巴菲特：</b>但是其他国家，他们不断地封城再封城，导致了很多问题。</p>\n<p>像是瑞典，瑞典说，“我们不会这么做”，看起来在一段时间之内疫情表现不那么糟糕，但是这带来的结果非常非常地不可预计。</p>\n<p><b>芒格：</b>是的，非常困难。</p>\n<p><b>巴菲特：</b>是的，这种不可估计的结果还没有结束，</p>\n<p>从经济层面同样难以预计。最终结果要比人们的预测要好一些。但是对于某些人来说，他们自己没有错，但却被破坏了希望。政府应该给予这些人帮助。</p>\n<p><b>芒格：</b>但是，某些企业——</p>\n<p><b>巴菲特：</b>是繁荣的。</p>\n<p><b>芒格：</b>从疫情中恢复并不仅仅使得他们回归正轨，而是创造了他们从未预期过的、难以置信的成功。</p>\n<p>汽车经销商们在疫情期间赚到了他们从未预想过的钱。</p>\n<p><b>巴菲特：</b>我们合作的所有经销商们，他们都意识到，在3月和4月，他们将会面临严重的问题。</p>\n<p>有一些人希望可以从政府处得到一些帮助，但是我们作为富有的母公司可以为他们提供一些帮助。</p>\n<p><b>问：</b>什么事情使你最为震惊？去年你学到了哪些？</p>\n<p><b>巴菲特：</b>我发现，人们并不像他们自以为地了解那么多。</p>\n<p>但最重要的是，人们知道了，疫情注定会发生，这并不是最糟糕的。我们所有人、社会都准备着，有些事情看似遥远，但可能马上就发生。</p>\n<p>世界可能出现另外一场疫情，或者，我们知道会有核武器、化学武器、生化武器，还有网络威胁，每一种都存在极可怕的潜在威胁。而这些似乎都不是社会有能力去处理的问题。</p>\n<p>网络威胁才刚刚出现，但看看它已经造成的破坏。查理和我在很多方面的都非常幸运，但是最幸运的其实是我们处在的时间与地点。</p>\n<p>在拥有<b>75</b>亿人口的<b>200</b>个国家之间，存在紧张的关系，不同的制度、政府以及各种各样的事情。</p>\n<p>我们究竟如何解决这些问题，使人类，从现在开始的<b>50</b>年、<b>100</b>年、<b>200</b>年，能够享受到更好的生活，而不是去让世界变得更糟。</p>\n<p><b>第六部分：如何管理公司</b></p>\n<p><b>导言：</b>从市值来说，这是世界上最大的<i>10</i>家公司之一，在全球拥有<i>36</i>万名员工。但是伯克希尔哈撒韦分散式经营的总部设在这里，在奥马哈的一栋建筑里租用了两层楼，只有<i>24</i>个员工。这里的不同之处就在于两个人，沃伦<i>·</i>巴菲特和查理<i>·</i>芒格。</p>\n<p>我们都不喜欢官僚主义</p>\n<p>宁可和有趣的人一起蹲监狱</p>\n<p>……</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/d8075d98ddcf40739b376cf8c0c1093f","relate_stocks":{"BRK.A":"伯克希尔","BABA":"阿里巴巴"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2148874200","content_text":"原标题：巴菲特&芒格最新访谈：中国在采取行动预防危机，自由市场经济正让市场陷入疯狂的过剩\n芒格：“对冲基金行业喜欢用非正常的方式扩充信用，然后赚到异常高的利润，全世界都知道这里充斥着骗子和傻子，但是他们充耳不闻，因为他们觉得正因如此才可以轻松赚钱。”\n巴菲特：“很久以前我们就学到一条规律：你不可能和一个不正直的人达成好的交易，如果你还对此心存侥幸，那我劝你最好放弃。\n不正直的交易对手懂得更多邪门歪道，虽然他们最终可能会输光一切，但就单个交易来说，他们会赢，让你蒙受损失，所以我也劝大家不要在这种事上浪费生命。”\n芒格：“中国政府正采取的措施就是我所喜欢的事前措施，\n但我们鼓吹的伟大的自由市场经济正让市场陷入疯狂的过剩，而中国政府正在阻止这种情况发生，他们对市场投机行为采取先发制人的措施。”\n“我不是说我们要全盘效仿中国，但是我确实希望我们的金融监管能在一定程度上师法中国。”\n“中国政府只是做了正确的事，他们相当于告诉马云：小子，我们不会让你为所欲为。”\n芒格：“本质上Robinhood就是在开赌场，还伪装成正经生意。它不想别人称之为赌场，但它本质上还是赌场。”\n巴菲特：“Robinhood绝不会鼓励人们去买入交易成本低廉的ETF指数基金，然后让他们长期持有。相反，你会得到很多交易建议……”\n芒格：“而且它会告诉人们没有交易佣金，但其实交易佣金都隐含在交易价格之中了，这本质上是一种腌臜，丑恶的行为。”\n芒格：“我最喜欢沃伦的地方就在于他的质疑精神，我们都不会对于那些文明进程中了不起的人心存太多敬畏之心（以至于不敢对他们有所质疑）。”\n巴菲特：“如果一家企业由这么好的管理人运作依然亏损，那么这之中必然存在问题。所以不如把优秀的人才放到另一项事务上，并且把资本也放到其他项目上。”\n巴菲特：“我们能够与真正喜欢的人交往，这在生活中简直是一种奢侈品……这种奢侈的事情我们已经享受了60年。\n能够做你真正想做的事，以及交往你真正想要交往的人，这是生活中最妙的事情。”\n芒格：“我想，频繁出差的事情再也不会发生了。一个接一个的公司都决定一年只开一次或者两次现场会议，其他都在Zoom线上完成。当然，很多人都发现他们并不需要在办公室。我想，很多新的改变会发生，我们不会再回到从前。”\n巴菲特：“在拥有75亿人口的200个国家之间，存在紧张的关系，不同的制度、政府以及各种各样的事情。我们究竟如何解决这些问题，使人类，从现在开始的50年、100年、200年，能够享受到更好的生活，而不是去让世界变得更糟。”\n芒格：“我自信预测，总有一天，愚蠢的官僚主义可以被消灭，我们会变得更好。\n就像我们发现我们可以减少一些商务出行，我们也会发现我们可以在美国的公司里面消除一些愚蠢的官僚主义。”\n以上是巴菲特和芒格、6月29日在CNBC的专题采访“巴菲特与芒格——智慧的财富”上分享的最新精彩观点和人生经验。\n\n巴菲特和芒格是一对有着60多年友谊的挚友，他们的友谊不仅缔造了一段长达50年的投资传奇，也让伯克希尔·哈撒韦，一家原本濒临倒闭的纺织公司逐渐成长为史上最具价值的商业巨头之一。\n这次采访分为六个部分：\n第一部分是巴芒对一些时事的评论，芒格一如既往展现了他的“毒舌”天赋，对于Archegos爆仓事件，他表示那些参与的券商都是傻瓜，而瑞士信贷是其中最大的傻瓜，受到轻松赚快钱的诱惑给黄比尔这样的内幕交易者放贷，最后尝到苦果。\n巴菲特则表示，伯克希尔很早就认识到一点，那就是不能和不正直的人做交易，因为肯定会吃亏。\n谈到市场过热的问题，两人都认为美联储和财政部都没有对可能到来的危机采取措施，\n芒格指出，资本主义社会鼓吹的自由市场放任市场过热，而中国却在采取事前行动，预防危机，在这个方面美国应该向中国学习。\n问及蚂蚁金融相关的问题，芒格犀利地指出，马云这样的金融弄潮儿不适合涉足银行业，因为本质上银行业是与国家有担保关系的存在。\n芒格旗下的Daily Journal在今年一季度把阿里巴巴买成了第三大重仓股，高达19%的占比。\n他对阿里如何判断，对马云如何评价，对于阿里目前竞争优势，竞争格局有何分析自然也是大家关注的重点。\n对于Robinhood这样的在线券商，两人也都非常不屑，芒格认为Robinhood就是一个赌场；\n巴菲特也指出，Robinhood绝不会鼓励长期投资，而是不断给出交易建议，然后赚取隐含在买家中的佣金，芒格直言：这种行为很可耻。\n第二部分，两人聊到了初次见面时的场景，\n巴菲特坦言，与芒格相逢之前，他就因为投资人觉得他和芒格很像而获得了一大笔投资，这让他对芒格有了好感，初次见面就一拍即合、一见如故，成为终身挚友。\n在之后的部分中他们聊到了以往投资中的教训、要与优秀人的人交往、疫情的影响和如何管理公司等等主题。\n芒格表示疫情让他彻底爱上了Zoom，他认为疫情就算结束，Zoom也会在很大程度上改变人们的工作方式。\n而巴菲特则不喜欢用Zoom，而是更喜欢打电话。\n更多的请见聪投精译的精彩内容，全文点此查看。\n第一部分：巴芒二人组的时事辣评\n导言：巴菲特和芒格直言不讳的性格以及拒绝追逐偏离基本面的热门市场，使得他们的观点不总是令人愉快，就比如他们对比特币的看法。\n今晚我们就最新的一些新闻头条询问了芒格和巴菲特的看法——\n巴菲特：和不正直的人做生意不会得到好结果\n芒格：Archegos爆仓事件中\n参与的券商都是傻瓜\n而瑞信是最大的傻瓜\n问：让我们从先前的对冲基金Archegos爆仓事件开始，这次事件导致让瑞士信贷损失了55亿美元……\n芒格：想想看这件事是多么愚蠢，诚然这笔交易非常有诱惑性，给这个混蛋放贷可以轻松赚到快钱，但他（Archegos的比尔·黄）是一个内幕交易者，来自最疯狂的对冲基金行业。\n这个行业喜欢用非正常的方式扩充信用，然后赚到异常高的利润，全世界都知道这里充斥着骗子和傻子，但是他们充耳不闻，因为他们觉得正因如此才可以轻松赚钱。\n巴菲特：很久以前我们就学到一条规律：你不可能和一个不正直的人达成好的交易，如果你还对此心存侥幸，那我劝你最好放弃。\n因为当你达成这样的交易之后，你的对手方总是会赢，伯克希尔以及我个人都不会把时间浪费在这种事情上。\n不正直的交易对手懂得更多邪门歪道，虽然他们最终可能会输光一切，但就单个交易来说，他们会赢，让你蒙受损失，所以我也劝大家不要在这种事上浪费生命。\n问：也不只是瑞士信贷栽了跟头，还有很多公司和Archegos做生意……\n芒格：没错，没错，这说明他们都是傻瓜，但瑞士信贷是其中最大的傻瓜。\n大萧条之后美联储开始限制杠杆\n但上有政策，下有对策\n华尔街很快找到了应对之道\n巴菲特：1934年，在大萧条结束之后，吸取了1929年市场杠杆过高的教训，美联储被授予了限制市场杠杆率的权利……\n芒格：这是个极好的主意。\n巴菲特：好得不得了。\n芒格：不能更好了。\n巴菲特：在1934到1973年间，我记得美联储共计动用这项权利23还是24次，无论如何，美联储是决定杠杆是否会造成系统性问题的决策机关。\n1973到1974年的比率限制是50%，今天也一样，\n但在那之前的40年间，美联储把这个比例调整了23次，最高达到100%，最低也到过很低，总之这对宏观经济来说是一个很重要的指标。\n但是最终，华尔街找到了应对的方法。\n芒格：他们通过游说来影响法规的修改。\n巴菲特：对的。\n芒格：这样他们就可以获得几乎无限的杠杆，同时进行私下交易，不记录在案，由此浑水摸鱼。\n问：那银行可能会说：“我们内部消化了所有的杠杆问题，很多人的资产负债表甚至没有因此受损”，你怎么看？\n芒格：有一个关于银行自我感觉良好的笑话，\n两个人用剃刀互割，一个人割了另一个人一刀，另一个人说，你没割到我。\n出刀的人说，等到你摇头的时候再说（意思是说头都给他割了，他还没察觉到）。\n只有中国正在采取积极行动预防危机\n而美国政府只是在任由股市陷入疯狂的过剩\n问：那你们对今天的监管有什么建议？\n芒格：监管应该修改法律，当然，如果你开一家赌场，你自然会希望那些大玩家更激进地赌博，这也是证券市场上正在发生的，但这是一个巨大的错误，也引发过很多悲剧。\n我们不该把人们带入他们承担不起的赌局，而且在交付环节也蕴含着风险，现在整个市场都处于混乱之中。\n通过这种不合理信贷扩张赚到钱的人会替它辩护，但没有人会反对信贷扩张。\n上一次监管作出正确的选择，是在整个西方世界在遭受史上最严重的衰退之后——只有这种程度的衰退才会让政界有所反应。\n这段时间发生的不过是一种总回报互换（total return swap）。\n问：那这一次的问题该如何解决呢？有人建议让交易更加公开透明、打击高杠杆行为，你们认为答案是什么？\n芒格：答案是：永远不要让这种事情发生。\n如果一开始你没有阻止错误发生，那它一定不会让你好受。\n巴菲特：但是监管真的非常非常非常难做，以为如果你要搞大事情，就相当于要打击众多机构的利润中心。\n芒格：大宗经纪业务本质上说就是专门贷款而给金融弄潮儿，这本身就非常危险，\n当这些人违反规则，就会伤及多家经纪商，他持续购买股票以维持股价，就是为了防止追加保证金，一旦变成这样，事情就会朝着难看的结局发展——事实也正是如此。\n问：你刚刚提到了大萧条，那你认为在改变发生之前会发生一次系统性崩盘吗？\n芒格：上一次监管采取正确措施是在西方世界发生最大危机之后，我自然是不想再看到这种情况发生。贤明的政策制定者应该在危机发生之前就采取措施。\n巴菲特：但这很难的啦……\n芒格：但是有趣的是，中国政府正采取的措施就是我所喜欢的事前措施，\n但我们鼓吹的伟大的自由市场经济、正让市场陷入疯狂的过剩，而中国政府正在阻止这种情况发生，他们对市场投机行为采取先发制人的措施。\n问：查理，你说中国政府采取的措施正是我们应该效仿的，那对于马云你又如何看待相关事件呢？\n芒格：你说的没错，但马云正是我说的那类金融弄潮儿，所以监管让他“见鬼去吧”，\n马云此前的所作所为就相当于告诉大家：“你们根本不知道你们在做什么，你们就是一群**，让我来教你们做人做事，我比你们做得更好”，\n而他说这些只是想不受限制地涉足银行业。\n问：但他确实也给很多人提供了贷款……\n芒格：中国政府只是做了正确的事，他们相当于告诉马云：小子，我们不会让你为所欲为。\n我不是说我们要全盘效仿中国，但是我确实希望我们的金融监管能在一定程度上师法中国。\n问：无论如何，蚂蚁金融确实给很多得不到信贷支持的人群提供了所需的贷款。\n芒格：我知道，但是银行业本质上对政府有担保责任，\n你不会想让马云这样的弄潮儿去经营银行业，让他们去做其他的生意就好。\n不应该让金融弄潮儿涉足银行业\nRobinhood的行为无异于开赌场，令人不齿\n问：在美国，哪些人属于金融弄潮儿？\n芒格：我可不想开始点名。\n巴菲特：他们自己会跳出来的。\n……（略去一段，原因是大家都懂的）\n芒格：没错，本质上大家都没有什么不同，中国也一样。\n但是对于银行业来说，以美国的影子银行为例，人们可能认为它们不过是新兴的银行。\n但现在杠杆收购贷款业务已经流向了这些影子银行，目前这还没有引起什么大问题，但如果真的一直不出问题那才怪了。\n总之我不认为让这些人经营银行业是什么好事。\n问：也许我们该聊聊Robinhood了，它也算是金融科技创新涉足了传统的券商领域……\n芒格：Robinhood的所作所为令人不齿。\n问：为什么这么说？\n芒格：本质上它就是在开赌场，还伪装成正经生意。\n问：但相反的意见认为它确实也让一般人有了接触证券市场的渠道。\n芒格：它不想别人称之为赌场，但它本质上还是赌场。\n巴菲特：Robinhood绝不会鼓励人们去买入交易成本低廉的ETF指数基金，然后让他们长期持有，比如说50年。\n我保证如果你去Robinhood开户，他们不会给你这样的投资建议。\n芒格：对的。\n巴菲特：相反，你会得到很多交易建议……\n芒格：而且它会告诉人们没有交易佣金，但其实交易佣金都隐含在交易价格之中了，这本质上是一种腌臜，丑恶的行为，但有趣的是很多好人、正直的人也在支持它的所作所为。\n……\n第三部分：从教训中学习\n导读：过去66年中，巴菲特一直经营者伯克希尔·哈撒韦，但无论你相信与否，他曾经说收购伯克希尔是他最失败的交易，伯克希尔原先是一家重资产的纺织公司，后来开始经营保险业务才开始实现飞跃，巴菲特曾表示，如果一开始就直接做保险，伯克希尔的市值可能远高于现在。\n巴菲特和芒格常说，从错误中可以学到更多，就比如他们的早期的一笔交易：买入蓝带印花公司（Blue Chip Stamps）——\n如果发现一个显而易见的错误\n立刻纠正它\n因为等待不会让它变得更好\n问：谈谈蓝带印花公司这比交易？\n芒格：当时我们和另外一个朋友，瑞克·格林一起买入了蓝带印花公司的股票，很快我们就成为最大股东，现在这家公司已经是伯克希尔的一部分了，但是现在赠品兑换券行业已经消失了，这家公司的早期生意也早就消失了。\n巴菲特：不是消失，而是失败了。\n芒格：没错，是失败了。\n芒格：但是在这个行业失败之前，我们也赚了不少，所以这笔交易对我们来说还算好。\n巴菲特：我们对这家公司进行了转型，但实事求是地说，这家公司原本的三项业务最后都消失了，不再适应这个社会的发展。\n事实上我们最早的一笔交易是入股了一家所谓“多元化零售”公司，实际上就是巴尔的摩的一家百货商店，\n当时桑迪·特斯曼（Sandy Gottesman）持股10%，查理占10%，然后以合伙人身份持有10%，我也以合伙人身份持80%，但我们是平等的合伙人。\n我们投入了600万美元，虽然称之为“多元化零售”，但事实上我们只有一家百货商店，\n这笔投资一开始也让我们收获了不少乐趣，但是我们慢慢也看到这家百货商店……\n芒格：行业开始不景气，我们的生意也无法持续。并没有过很久，我们就意识到，我们犯了一个巨大的错误。\n巴菲特：是的。\n问：为什么这么说？ \n芒格：你也听过一句话，叫做“让我离开这个陷阱，我不要这个奶酪了”。\n我们领悟了一个事实就是，我们买进的这项生意并不好做，卖方做了一个正确的决定，而我们做了一个糟糕的决策。\n巴菲特：是的，当时经营它的人是桑迪妻子的亲属，非常优秀的人——\n芒格：非常值得尊敬的人——\n巴菲特：是的，非常聪明。\n如果一家企业由这么好的管理人运作依然亏损，那么这之中必然存在问题。所以不如把优秀的人才放到另一项事务上，并且把资本也放到其他项目上。\n芒格：这家公司并没有真正地亏钱，但是我们可以预见到，它之后即将亏损。\n巴菲特：是的，所以我们把这家百货商场出售了。\n这家连锁百货商场在1983年关门，赫茨勒的丝绸百货公司在1985年或是1986年也关掉了。很容易理解，那里的人们想要建更多的分店。\n但是，你不会想在注定走向失败的企业里面再投入更多的资本。\n我们在里面投入了600万美元，这是一个愚蠢的决定。\n那600万美元现在值多少钱？查理？\n芒格：好多亿美元。\n巴菲特：上百亿美元。\n芒格：对。\n巴菲特：如果这家连锁百货商场成功了，我们就拥有了一个不错的小生意，会给我们带来不错的利润。\n但正因为它失败了，我们创造了超过250亿美元的收益，虽然在当时它并不像能创造这么多利润的项目。\n问：所以，当你认识到这件事情是个错误的时候，你做了哪些事情？如何去解决它？\n巴菲特：我们问桑迪，我们之中谁是最好的销售，去把它卖掉。然后，我们就把这个生意卖掉了，卖来的钱放到了伯克希尔里面。\n芒格：我们拿回了95%的钱。\n巴菲特：是的，我们借了600万美金，得以买入伯克希尔的股票和蓝带印花公司并将其合为一体。\n就像一盘意面，表面看起来很复杂，并不理想，所以我们将其合为一体。\n就像我的许多合伙人一样，我和查理都还持有零售方面的股票。但是就过去的日子来说，发生在我们身上的最好的事情就是，这个失败的事情显然会失败。\n问：为什么？\n芒格：迅速撤出。\n巴菲特：对，然后把资本放到其他地方。\n芒格：我们学会的一件事情就是，如果显而易见这是一个错误，那就去快速地纠正它。在你等待的期间它并不会变好。\n……\n第五部分：疫情带来的影响\n导言：被戏称为资本家的伍德斯托克音乐节——伯克希尔·哈撒韦的年会规模从在国家产险公司餐厅里的20人扩大到奥马哈最大的会议中心的40000人，直到2020年新冠疫情的蔓延迫使会议不得不线上举行，这意味着巴菲特在没有芒格出席的情况下举行会议。\n但在今年，在芒格的家乡洛杉矶举行的线上会议中，两人又再度聚首（点此查看聪投对2021年股东大会的报道）。\n开完会后，我与他们坐在芒格家的后院，他们回顾了这一场疫情对于经济和他们自己远程工作经历的影响——\n芒格：疫情让我爱上了Zoom\n巴菲特：疫情对各国的经济影响极不平均\n问：去年，在疫情之下你们的生活都发生了巨大的变化。查理，我听说你现在非常习惯用Zoom？\n芒格：是的，我简直爱上了Zoom。\n问：那么你用Zoom与人聊天的频率如何？\n芒格：一天至少三次！我在澳大利亚谈了一项生意，Zoom成了必需品，它太方便了。\n巴菲特：对，如果你也97岁的话。虽然显然我和查理的交流很多，但我们从来没有用Zoom交流过。\n芒格：那只是因为——\n巴菲特：我不用Zoom。\n问：为什么你不喜欢Zoom呢？\n巴菲特：用Zoom的话，一整个屏幕上显示的都是人像，\n我不认为这对于我来说是个加分项。你知道，我喜欢把脚翘在桌子上；\n所以，我对电话非常满意。\n问：所以疫情过后，生活和工作发生了哪些变化？回到正轨上去还是另外发生了什么？\n芒格：我想，频繁出差的事情再也不会发生了。\n一个接一个的公司都决定一年只开一次或者两次现场会议，其他都在Zoom线上完成。\n当然，很多人都发现他们并不需要在办公室。我想，很多新的改变会发生，我们不会再回到从前。\n巴菲特：我们的一些生意也发生了变化，而另一些则变化甚微。\n在整个疫情过程中，预测经济和病毒将如何变化在很多方面震惊了我们。\n如果我们看各国疫情的曲线，我们就会发现，一个经济非常强盛的世界会如何被其他事情所扰乱，而这种事件根本无法被预测。\n疫情带来的经济影响是极其不平均的；\n我们不知道究竟有多少个小型企业在这场疫情中受创严重，但是，绝大多数的大型企业表现较好，除非他们做的是酒店之类的行业。\n很多国家对中国的封城措施不以为然\n之后尝到了苦果\n世界随时可能面临下一场“疫情”\n芒格：但是，一些国家做得比我们好。\n比如中国只封城了6个星期。而事实证明，这是一个非常正确的决策。\n他们不允许任何的接触，人们在公寓的箱子里面拿取生活用品而这就是你在这6周里面与外界的所有接触。\n而当这一切结束之后，他们又正常恢复了工作。事实证明，他们的作为非常正确。\n巴菲特：但是其他国家，他们不断地封城再封城，导致了很多问题。\n像是瑞典，瑞典说，“我们不会这么做”，看起来在一段时间之内疫情表现不那么糟糕，但是这带来的结果非常非常地不可预计。\n芒格：是的，非常困难。\n巴菲特：是的，这种不可估计的结果还没有结束，\n从经济层面同样难以预计。最终结果要比人们的预测要好一些。但是对于某些人来说，他们自己没有错，但却被破坏了希望。政府应该给予这些人帮助。\n芒格：但是，某些企业——\n巴菲特：是繁荣的。\n芒格：从疫情中恢复并不仅仅使得他们回归正轨，而是创造了他们从未预期过的、难以置信的成功。\n汽车经销商们在疫情期间赚到了他们从未预想过的钱。\n巴菲特：我们合作的所有经销商们，他们都意识到，在3月和4月，他们将会面临严重的问题。\n有一些人希望可以从政府处得到一些帮助，但是我们作为富有的母公司可以为他们提供一些帮助。\n问：什么事情使你最为震惊？去年你学到了哪些？\n巴菲特：我发现，人们并不像他们自以为地了解那么多。\n但最重要的是，人们知道了，疫情注定会发生，这并不是最糟糕的。我们所有人、社会都准备着，有些事情看似遥远，但可能马上就发生。\n世界可能出现另外一场疫情，或者，我们知道会有核武器、化学武器、生化武器，还有网络威胁，每一种都存在极可怕的潜在威胁。而这些似乎都不是社会有能力去处理的问题。\n网络威胁才刚刚出现，但看看它已经造成的破坏。查理和我在很多方面的都非常幸运，但是最幸运的其实是我们处在的时间与地点。\n在拥有75亿人口的200个国家之间，存在紧张的关系，不同的制度、政府以及各种各样的事情。\n我们究竟如何解决这些问题，使人类，从现在开始的50年、100年、200年，能够享受到更好的生活，而不是去让世界变得更糟。\n第六部分：如何管理公司\n导言：从市值来说，这是世界上最大的10家公司之一，在全球拥有36万名员工。但是伯克希尔哈撒韦分散式经营的总部设在这里，在奥马哈的一栋建筑里租用了两层楼，只有24个员工。这里的不同之处就在于两个人，沃伦·巴菲特和查理·芒格。\n我们都不喜欢官僚主义\n宁可和有趣的人一起蹲监狱\n……","news_type":1},"isVote":1,"tweetType":1,"viewCount":476,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167330292,"gmtCreate":1624246012016,"gmtModify":1703831466465,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/167330292","repostId":"1134750693","repostType":2,"repost":{"id":"1134750693","pubTimestamp":1624234114,"share":"https://ttm.financial/m/news/1134750693?lang=&edition=fundamental","pubTime":"2021-06-21 08:08","market":"us","language":"en","title":"Tech stocks hit a crossroads after the Fed: Sector Watch","url":"https://stock-news.laohu8.com/highlight/detail?id=1134750693","media":"seekingalpha","summary":"The Information Technologysector was the only one of the 11 S&P 500that managed a gainthis past week.XLK rose was barely in the green, up 0.8% as tech stocks enjoyed a boost from the concern of higher rates after the Fed had a hawkish tilt.This week, Hewlett Packard Enterprise's three-day HPE Discover event kicks off. The edge-to-cloud conference will include a keynote address by HPE Chief Executive Officer Antonio Neri, a HPE investor relations session, updates from Hewlett Packard Labs and dis","content":"<ul>\n <li>The Information Technology(NYSEARCA:XLK)sector was the only one of the 11 S&amp;P 500(SP500)(NYSEARCA:SPY)that managed a gainthis past week.</li>\n <li>XLK rose was barely in the green, up 0.8% as tech stocks enjoyed a boost from the concern of higher rates after the Fed had a hawkish tilt.</li>\n <li>This week, Hewlett Packard Enterprise's(NYSE:HPE)&nbsp;three-day HPE Discover event kicks off. The edge-to-cloud conference will include a keynote address by HPE Chief Executive Officer Antonio Neri, a HPE investor relations session, updates from Hewlett Packard Labs and discussions with company leaders in software, computer engineering, AI and more, according toSeeking Alpha's Catalyst Watch.</li>\n <li>The tech sector looks like it may be coming to a crossroads, with funds still selling, but just now becoming an opportunistic place to put cash after the Federal Reserve hit longer-term bonds.</li>\n <li>\"We always say, 'never be materially underweight Tech', and the last month shows why,\" DataTrek Research says.</li>\n <li>\"Yes, the S&amp;P 500 is up 1.4 percent over the last 30 days. But the fact that there’s a positive sign on that return is entirely due to Technology. It is up 6.2 pct in the last month, responsible for +1.6 points of positive performance. Google(NASDAQ:GOOG)(NASDAQ:GOOGL)&nbsp;and Facebook(NASDAQ:FB), 6 percent of the S&amp;P on their own, are also both up 6 percent over the last month.\"</li>\n <li>That would include Communications Services(NYSEARCA:XLC)&nbsp;a third of the Big Six megacaps.</li>\n <li>But the recent analysis of fund flows shows that cash is still moving away from tech.</li>\n <li>It was the sixth-consecutive week of technology redemptions, with $4.4B coming out of those stocks, BofA Data Analytics said.</li>\n <li>The question is whether tech reverses that trend as rates fall and investors look at it as the new defensive area again.</li>\n <li>The latest data shows thatoverall interest in investing is ebbing back to pre-pandemic levels.</li>\n</ul>\n<p><img src=\"https://static.tigerbbs.com/2be49b90044f1362bc5a88af964d76f1\" tg-width=\"551\" tg-height=\"441\" referrerpolicy=\"no-referrer\"></p>","source":"seekingalpha","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>Tech stocks hit a crossroads after the Fed: Sector Watch</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\">\nTech stocks hit a crossroads after the Fed: Sector Watch\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-21 08:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3707954-tech-stocks-hit-a-crossroads><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The Information Technology(NYSEARCA:XLK)sector was the only one of the 11 S&P 500(SP500)(NYSEARCA:SPY)that managed a gainthis past week.\nXLK rose was barely in the green, up 0.8% as tech stocks ...</p>\n\n<a href=\"https://seekingalpha.com/news/3707954-tech-stocks-hit-a-crossroads\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XLK":"高科技指数ETF-SPDR","GOOG":"谷歌",".IXIC":"NASDAQ Composite"},"source_url":"https://seekingalpha.com/news/3707954-tech-stocks-hit-a-crossroads","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1134750693","content_text":"The Information Technology(NYSEARCA:XLK)sector was the only one of the 11 S&P 500(SP500)(NYSEARCA:SPY)that managed a gainthis past week.\nXLK rose was barely in the green, up 0.8% as tech stocks enjoyed a boost from the concern of higher rates after the Fed had a hawkish tilt.\nThis week, Hewlett Packard Enterprise's(NYSE:HPE) three-day HPE Discover event kicks off. The edge-to-cloud conference will include a keynote address by HPE Chief Executive Officer Antonio Neri, a HPE investor relations session, updates from Hewlett Packard Labs and discussions with company leaders in software, computer engineering, AI and more, according toSeeking Alpha's Catalyst Watch.\nThe tech sector looks like it may be coming to a crossroads, with funds still selling, but just now becoming an opportunistic place to put cash after the Federal Reserve hit longer-term bonds.\n\"We always say, 'never be materially underweight Tech', and the last month shows why,\" DataTrek Research says.\n\"Yes, the S&P 500 is up 1.4 percent over the last 30 days. But the fact that there’s a positive sign on that return is entirely due to Technology. It is up 6.2 pct in the last month, responsible for +1.6 points of positive performance. Google(NASDAQ:GOOG)(NASDAQ:GOOGL) and Facebook(NASDAQ:FB), 6 percent of the S&P on their own, are also both up 6 percent over the last month.\"\nThat would include Communications Services(NYSEARCA:XLC) a third of the Big Six megacaps.\nBut the recent analysis of fund flows shows that cash is still moving away from tech.\nIt was the sixth-consecutive week of technology redemptions, with $4.4B coming out of those stocks, BofA Data Analytics said.\nThe question is whether tech reverses that trend as rates fall and investors look at it as the new defensive area again.\nThe latest data shows thatoverall interest in investing is ebbing back to pre-pandemic levels.","news_type":1},"isVote":1,"tweetType":1,"viewCount":360,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165790299,"gmtCreate":1624156709611,"gmtModify":1703829665239,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Good article.&nbsp;","listText":"Good article.&nbsp;","text":"Good article.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/165790299","repostId":"1113942445","repostType":2,"isVote":1,"tweetType":1,"viewCount":401,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160333225,"gmtCreate":1623771689067,"gmtModify":1703819008600,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/160333225","repostId":"1187337744","repostType":4,"repost":{"id":"1187337744","pubTimestamp":1623770439,"share":"https://ttm.financial/m/news/1187337744?lang=&edition=fundamental","pubTime":"2021-06-15 23:20","market":"us","language":"en","title":"FOMC Preview: \"It's Like The Titanic Running At Full Speed. In Fog. At Night\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1187337744","media":"zerohedge","summary":"Perhaps it's prudent to ease up on the throttle.","content":"<p>There's an FOMC meeting this week and we are expecting a policy statement at 2:00 PM on Wednesday. Many commentators are calling this FOMC meeting the \"most important\" in recent years.</p>\n<p><u><i><b>Big picture … did the Fed move the goal posts?</b></i></u></p>\n<p>Let's look at some numbers.</p>\n<p>Monthly inflation: wage growth +.5%, PCE +.7%, PPI +.6%, CPI +.7% -<b>these are real scary when they're annualized</b>.</p>\n<p>GDP is projected to be 6.4% and the unemployment rate is projected to be 5.5% at the next report.</p>\n<p>With these numbers, U.S. monetary is still \"<b>all in.\"</b></p>\n<p>Overnight rates are at 0% and QE running at $120 billion a month.</p>\n<p><b>On top of that, there will be more stimulus as the economy continues to reopen.</b></p>\n<p>In my book, this economic situation calls for attention.</p>\n<p><u><i><b>It's like the Titanic running at full speed. In fog. At night.</b></i></u></p>\n<p>Perhaps it's prudent to ease up on the throttle.</p>\n<p></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>FOMC Preview: \"It's Like The Titanic Running At Full Speed. In Fog. At Night\"</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\">\nFOMC Preview: \"It's Like The Titanic Running At Full Speed. In Fog. At Night\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-15 23:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.zerohedge.com/markets/fomc-preview-its-titanic-running-full-speed-fog-night><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There's an FOMC meeting this week and we are expecting a policy statement at 2:00 PM on Wednesday. Many commentators are calling this FOMC meeting the \"most important\" in recent years.\nBig picture … ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/fomc-preview-its-titanic-running-full-speed-fog-night\">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",".DJI":"道琼斯","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/markets/fomc-preview-its-titanic-running-full-speed-fog-night","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187337744","content_text":"There's an FOMC meeting this week and we are expecting a policy statement at 2:00 PM on Wednesday. Many commentators are calling this FOMC meeting the \"most important\" in recent years.\nBig picture … did the Fed move the goal posts?\nLet's look at some numbers.\nMonthly inflation: wage growth +.5%, PCE +.7%, PPI +.6%, CPI +.7% -these are real scary when they're annualized.\nGDP is projected to be 6.4% and the unemployment rate is projected to be 5.5% at the next report.\nWith these numbers, U.S. monetary is still \"all in.\"\nOvernight rates are at 0% and QE running at $120 billion a month.\nOn top of that, there will be more stimulus as the economy continues to reopen.\nIn my book, this economic situation calls for attention.\nIt's like the Titanic running at full speed. In fog. At night.\nPerhaps it's prudent to ease up on the throttle.","news_type":1},"isVote":1,"tweetType":1,"viewCount":133,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187927950,"gmtCreate":1623736245270,"gmtModify":1704209987766,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Read.&nbsp;","listText":"Read.&nbsp;","text":"Read.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/187927950","repostId":"1138219989","repostType":4,"repost":{"id":"1138219989","pubTimestamp":1623650085,"share":"https://ttm.financial/m/news/1138219989?lang=&edition=fundamental","pubTime":"2021-06-14 13:54","market":"us","language":"en","title":"What to Expect in This Week’s Federal Reserve Meeting","url":"https://stock-news.laohu8.com/highlight/detail?id=1138219989","media":"Barrons","summary":"As the Federal Open Market Committee holds its regular policy meeting this coming week, once again a","content":"<p>As the Federal Open Market Committee holds its regular policy meeting this coming week, once again analysts and investors should flip the Nixon-era cliché and watch what they say, not what they do. What everybody wants to know is whether the panel finally has gotten around to talking about talking about moving away from its ubereasy monetary policy.</p>\n<p>We all know that the FOMC won’t take any substantive steps in terms of its massive securities purchases, which are still running at $120 billion a month. As for its key federal-funds rate target, that’s stuck at 0% to 0.25% (although there’s an outside chance of technical tweaking of some other Fed-administered rates to address the billions in excess cash sloshing around in the money markets).</p>\n<p>We’ll be looking for what’s in the FOMC’s formal policy statement and the panel’s updated Summary of Economic Projections, which will include the amalgam of the committee members’ guesses on key economic gauges, such as gross domestic product, inflation, and unemployment. Most likely, when that is posted&nbsp;on the Fed’s website&nbsp;at 2 p.m. Eastern Daylight Time on Wednesday, most folks will probably head straight for the FOMC’s guesses on the fed-funds rate, and specifically when liftoff from near-zero is finally expected.</p>\n<p>The “dot plot”—or graph of the FOMC members’ consensus guesses—puts the first hike all the way out past 2023. That seems a very long-term forecast, and as John Maynard Keynes famously pointed out, in the long run we’re all dead. Some Fed watchers, such as J.P. Morgan’s chief U.S. economist, Michael Feroli, look for the dots to show a 2023 liftoff.</p>\n<p>The markets, however, already had been pricing in one or more fed-funds rate hikes by 2023. But concurrent with the previously discussed slide in longer-term bond yields, the interest-rate futures markets have effectively priced out one of those short-term rate increases. In addition, the derivatives market now sees the fed-funds rate peaking under 2%, some 0.4 of a percentage point lower than what it had priced in earlier this year, according to analysts for&nbsp;Natixis.</p>\n<p>Long before making any rate hikes, the Fed will begin to lessen its accommodation by slowing its current pace of securities purchases, which consist of $80 billion of Treasuries and $40 billion of agency mortgage-backed securities every month. The trillions that the Federal Reserve and other central banks have created have gone a long way to boost the values of assets, which rose by $5 trillion, to $136.9 trillion, in the first quarter, according to new Fed data released this past week. That includes a $3.2 trillion rise in the value of equities owned by households and a $968 billion rise in their real estate holdings.</p>\n<p>The key criterion for reduced Fed accommodation is whether the monetary authorities see “substantial further progress” toward reaching what they deem as maximum employment, probably a deliberately ambiguous standard.</p>\n<p>But the increase in payrolls appears to be constrained as much by the supply of labor as businesses’ desire to hire. The latest Job Openings and Labor Turnover Survey, or Jolts, showed&nbsp;a record 9.3 million unfilled openings&nbsp;in April. In addition, 384,000 people left their positions that month, bringing the total of voluntary job quitters to a record four million.</p>\n<p>Anecdotal evidence, including some in the Fed’s beige book summary of economic conditions prepared for the coming meeting, suggests that employers aren’t finding enough workers because of generous unemployment compensation. Unusual for a social science such as economics, there will be a real-time experiment to test this hypothesis as 25 states end the extra $300 weekly payment early.</p>\n<p>Jefferies economists Aneta Markowska and Thomas Simons write in a research note that these 25 states account for about a quarter of all the unemployed workers. Ending their extra jobless benefits could boost employment by roughly two million in the next few months, they estimate. Another growth spurt should follow in September and October after the extra unemployment insurance expires in the remaining states; schools reopen—providing free daycare for some would-be workers, especially women; and many office employees return to their desks, they add.</p>\n<p>At that point, the Fed might start talking about actually reducing its massive securities purchases. Given the “taper tantrum” thrown by the markets when the central bank slowed its bond buying in 2013, this Fed will want to disclose how, when, and how fast it plans to slow its pour into the punch bowl. That’s what we’ll be listening for this week.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What to Expect in This Week’s Federal Reserve Meeting</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\">\nWhat to Expect in This Week’s Federal Reserve Meeting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 13:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/what-to-expect-in-next-weeks-federal-reserve-meeting-51623457837?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>As the Federal Open Market Committee holds its regular policy meeting this coming week, once again analysts and investors should flip the Nixon-era cliché and watch what they say, not what they do. ...</p>\n\n<a href=\"https://www.barrons.com/articles/what-to-expect-in-next-weeks-federal-reserve-meeting-51623457837?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/what-to-expect-in-next-weeks-federal-reserve-meeting-51623457837?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138219989","content_text":"As the Federal Open Market Committee holds its regular policy meeting this coming week, once again analysts and investors should flip the Nixon-era cliché and watch what they say, not what they do. What everybody wants to know is whether the panel finally has gotten around to talking about talking about moving away from its ubereasy monetary policy.\nWe all know that the FOMC won’t take any substantive steps in terms of its massive securities purchases, which are still running at $120 billion a month. As for its key federal-funds rate target, that’s stuck at 0% to 0.25% (although there’s an outside chance of technical tweaking of some other Fed-administered rates to address the billions in excess cash sloshing around in the money markets).\nWe’ll be looking for what’s in the FOMC’s formal policy statement and the panel’s updated Summary of Economic Projections, which will include the amalgam of the committee members’ guesses on key economic gauges, such as gross domestic product, inflation, and unemployment. Most likely, when that is posted on the Fed’s website at 2 p.m. Eastern Daylight Time on Wednesday, most folks will probably head straight for the FOMC’s guesses on the fed-funds rate, and specifically when liftoff from near-zero is finally expected.\nThe “dot plot”—or graph of the FOMC members’ consensus guesses—puts the first hike all the way out past 2023. That seems a very long-term forecast, and as John Maynard Keynes famously pointed out, in the long run we’re all dead. Some Fed watchers, such as J.P. Morgan’s chief U.S. economist, Michael Feroli, look for the dots to show a 2023 liftoff.\nThe markets, however, already had been pricing in one or more fed-funds rate hikes by 2023. But concurrent with the previously discussed slide in longer-term bond yields, the interest-rate futures markets have effectively priced out one of those short-term rate increases. In addition, the derivatives market now sees the fed-funds rate peaking under 2%, some 0.4 of a percentage point lower than what it had priced in earlier this year, according to analysts for Natixis.\nLong before making any rate hikes, the Fed will begin to lessen its accommodation by slowing its current pace of securities purchases, which consist of $80 billion of Treasuries and $40 billion of agency mortgage-backed securities every month. The trillions that the Federal Reserve and other central banks have created have gone a long way to boost the values of assets, which rose by $5 trillion, to $136.9 trillion, in the first quarter, according to new Fed data released this past week. That includes a $3.2 trillion rise in the value of equities owned by households and a $968 billion rise in their real estate holdings.\nThe key criterion for reduced Fed accommodation is whether the monetary authorities see “substantial further progress” toward reaching what they deem as maximum employment, probably a deliberately ambiguous standard.\nBut the increase in payrolls appears to be constrained as much by the supply of labor as businesses’ desire to hire. The latest Job Openings and Labor Turnover Survey, or Jolts, showed a record 9.3 million unfilled openings in April. In addition, 384,000 people left their positions that month, bringing the total of voluntary job quitters to a record four million.\nAnecdotal evidence, including some in the Fed’s beige book summary of economic conditions prepared for the coming meeting, suggests that employers aren’t finding enough workers because of generous unemployment compensation. Unusual for a social science such as economics, there will be a real-time experiment to test this hypothesis as 25 states end the extra $300 weekly payment early.\nJefferies economists Aneta Markowska and Thomas Simons write in a research note that these 25 states account for about a quarter of all the unemployed workers. Ending their extra jobless benefits could boost employment by roughly two million in the next few months, they estimate. Another growth spurt should follow in September and October after the extra unemployment insurance expires in the remaining states; schools reopen—providing free daycare for some would-be workers, especially women; and many office employees return to their desks, they add.\nAt that point, the Fed might start talking about actually reducing its massive securities purchases. Given the “taper tantrum” thrown by the markets when the central bank slowed its bond buying in 2013, this Fed will want to disclose how, when, and how fast it plans to slow its pour into the punch bowl. That’s what we’ll be listening for this week.","news_type":1},"isVote":1,"tweetType":1,"viewCount":229,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":182612893,"gmtCreate":1623568246612,"gmtModify":1704206389869,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Good read","listText":"Good read","text":"Good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182612893","repostId":"182147050","repostType":1,"repost":{"id":182147050,"gmtCreate":1623559862466,"gmtModify":1704206196646,"author":{"id":"3527667586584720","authorId":"3527667586584720","name":"小虎综合资讯","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667586584720","authorIdStr":"3527667586584720"},"themes":[],"title":"真成投資李劍威：未來有更多有增長潛力的科技企業通過SPAC上市","htmlText":"6月12日，老虎證券舉辦七週年Open Day。現場多位來自一二級市場的投資大咖和業界人士，針對當前的市場行情和未來前景做出分析和預測。針對當前資本市場上最熱的上市方式之一SPAC IPO，真成投資管理合夥人李劍威向觀衆分享了對SPAC市場的觀察和對未來發展趨勢的預測。 李劍威表示，SPAC並不是剛出現市場上的新鮮事物，但從2020年下半年起，SPAC在資本市場上已經變成一種重要的融資方式，2021年第一季度有超過79%的公司選擇SPAC的方式上市。新冠疫情是SPAC走向風口的催化劑之一——疫情之後多輪刺激措施，讓市場上的流動性更加充足，散戶和和新晉股民也對於這種新的投資方式持開放態度。在風口之下，越來越多的知名人士成爲SPAC的發起人，如軟銀集團孫正義、NBA巨星奧尼爾和來自中國的李寧等。 針對爲何越來越多的公司希望通過SPAC上市，李劍威表示，“對於有上市計劃的公司而言，SPAC是一個非常有效率的通道。”傳統的IPO通常需要一年左右，需要通過很多審計師、投行、律所，定價過程也十分繁瑣，之中需要很多籌備工作。但在SPAC結構下，計劃上市企業只需要與SPAC發起人進行溝通，通常三至四個月即可完成，過程簡單且確定性高，對於標的公司來說或者計劃IPO的CEO而言，SPAC提供了更快且明確的上市路徑。東南亞的“滴滴+美團”Grab，就已宣佈通過SPAC上市。 對於投資者而言，早期參與SPAC是一個相對比較安全的方式。如果SPAC募集或沒有找到合適標的，也可進行贖回，甚至還能得到利息。SPAC的風險處在併購階段，此時估價會出現巨大波動。併購之後如何通過SPAC獲得收益，李劍威表示，“投資人要關注併購標的所處的行業賽道和商業模式，同時要關注公司的基本面。” 儘管SPAC投資火熱，但很多主流的聲音認爲SPAC是泡沫。巴菲特和芒格在今年的股東大會上指出，SPAC不僅是毒藥，還在併購市場上","listText":"6月12日，老虎證券舉辦七週年Open Day。現場多位來自一二級市場的投資大咖和業界人士，針對當前的市場行情和未來前景做出分析和預測。針對當前資本市場上最熱的上市方式之一SPAC IPO，真成投資管理合夥人李劍威向觀衆分享了對SPAC市場的觀察和對未來發展趨勢的預測。 李劍威表示，SPAC並不是剛出現市場上的新鮮事物，但從2020年下半年起，SPAC在資本市場上已經變成一種重要的融資方式，2021年第一季度有超過79%的公司選擇SPAC的方式上市。新冠疫情是SPAC走向風口的催化劑之一——疫情之後多輪刺激措施，讓市場上的流動性更加充足，散戶和和新晉股民也對於這種新的投資方式持開放態度。在風口之下，越來越多的知名人士成爲SPAC的發起人，如軟銀集團孫正義、NBA巨星奧尼爾和來自中國的李寧等。 針對爲何越來越多的公司希望通過SPAC上市，李劍威表示，“對於有上市計劃的公司而言，SPAC是一個非常有效率的通道。”傳統的IPO通常需要一年左右，需要通過很多審計師、投行、律所，定價過程也十分繁瑣，之中需要很多籌備工作。但在SPAC結構下，計劃上市企業只需要與SPAC發起人進行溝通，通常三至四個月即可完成，過程簡單且確定性高，對於標的公司來說或者計劃IPO的CEO而言，SPAC提供了更快且明確的上市路徑。東南亞的“滴滴+美團”Grab，就已宣佈通過SPAC上市。 對於投資者而言，早期參與SPAC是一個相對比較安全的方式。如果SPAC募集或沒有找到合適標的，也可進行贖回，甚至還能得到利息。SPAC的風險處在併購階段，此時估價會出現巨大波動。併購之後如何通過SPAC獲得收益，李劍威表示，“投資人要關注併購標的所處的行業賽道和商業模式，同時要關注公司的基本面。” 儘管SPAC投資火熱，但很多主流的聲音認爲SPAC是泡沫。巴菲特和芒格在今年的股東大會上指出，SPAC不僅是毒藥，還在併購市場上","text":"6月12日，老虎證券舉辦七週年Open Day。現場多位來自一二級市場的投資大咖和業界人士，針對當前的市場行情和未來前景做出分析和預測。針對當前資本市場上最熱的上市方式之一SPAC IPO，真成投資管理合夥人李劍威向觀衆分享了對SPAC市場的觀察和對未來發展趨勢的預測。 李劍威表示，SPAC並不是剛出現市場上的新鮮事物，但從2020年下半年起，SPAC在資本市場上已經變成一種重要的融資方式，2021年第一季度有超過79%的公司選擇SPAC的方式上市。新冠疫情是SPAC走向風口的催化劑之一——疫情之後多輪刺激措施，讓市場上的流動性更加充足，散戶和和新晉股民也對於這種新的投資方式持開放態度。在風口之下，越來越多的知名人士成爲SPAC的發起人，如軟銀集團孫正義、NBA巨星奧尼爾和來自中國的李寧等。 針對爲何越來越多的公司希望通過SPAC上市，李劍威表示，“對於有上市計劃的公司而言，SPAC是一個非常有效率的通道。”傳統的IPO通常需要一年左右，需要通過很多審計師、投行、律所，定價過程也十分繁瑣，之中需要很多籌備工作。但在SPAC結構下，計劃上市企業只需要與SPAC發起人進行溝通，通常三至四個月即可完成，過程簡單且確定性高，對於標的公司來說或者計劃IPO的CEO而言，SPAC提供了更快且明確的上市路徑。東南亞的“滴滴+美團”Grab，就已宣佈通過SPAC上市。 對於投資者而言，早期參與SPAC是一個相對比較安全的方式。如果SPAC募集或沒有找到合適標的，也可進行贖回，甚至還能得到利息。SPAC的風險處在併購階段，此時估價會出現巨大波動。併購之後如何通過SPAC獲得收益，李劍威表示，“投資人要關注併購標的所處的行業賽道和商業模式，同時要關注公司的基本面。” 儘管SPAC投資火熱，但很多主流的聲音認爲SPAC是泡沫。巴菲特和芒格在今年的股東大會上指出，SPAC不僅是毒藥，還在併購市場上","images":[{"img":"https://static.tigerbbs.com/90d1b38b558579b9b4683b75b131a94c","width":"1080","height":"1527"},{"img":"https://static.tigerbbs.com/1f37d5e6eb738c6f95107e5347cd67d4","width":"831","height":"234"},{"img":"https://static.tigerbbs.com/f218b1c6b04504852323978132d54018","width":"831","height":"232"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/182147050","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":5,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":74,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186562362,"gmtCreate":1623511883956,"gmtModify":1704205344228,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Good to read","listText":"Good to read","text":"Good to read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/186562362","repostId":"1133871419","repostType":4,"repost":{"id":"1133871419","pubTimestamp":1623469680,"share":"https://ttm.financial/m/news/1133871419?lang=&edition=fundamental","pubTime":"2021-06-12 11:48","market":"us","language":"en","title":"Five Charts That Show How Much the Crypto Space Just Slowed Down","url":"https://stock-news.laohu8.com/highlight/detail?id=1133871419","media":"Bloomberg","summary":"There have been a lot of crypto headlines lately, from Miami to El Salvador. However, in the last fe","content":"<p>There have been a lot of crypto headlines lately, from Miami to El Salvador. However, in the last few weeks, the frenetic pace of the market has clearly slowed down. Obviously you see the change in mood in the price, with steep drops in the price of Ethereum and Bitcoin over the last several weeks.</p>\n<p>But other metrics are in decline as well lately.&nbsp;Looking at&nbsp;the data dashboard published by the news and research site The Block, here are five other&nbsp;indicators of the recent market slowdown.</p>\n<p>First, exchange volumes have&nbsp;dropped precipitously in recent weeks after a massive surge to start the year.</p>\n<p><img src=\"https://static.tigerbbs.com/fdbb9505cb642bf015d4bf16cd0eb42a\" tg-width=\"800\" tg-height=\"319\" referrerpolicy=\"no-referrer\">Next, if you look at the premium in the futures market, that’s come in massively. People aren’t paying up as much for out-month Bitcoin futures on Binance as they were several weeks ago, signaling a more subdued vibe.</p>\n<p><img src=\"https://static.tigerbbs.com/26f80455b1f9a93763b717075afa1bf3\" tg-width=\"800\" tg-height=\"324\" referrerpolicy=\"no-referrer\">Photographer: The Block</p>\n<p>Trading in NFTs has come&nbsp;down (though it’s still a massively bigger space than it was last year.)</p>\n<p><img src=\"https://static.tigerbbs.com/f64ecd0cf2f897669aac0783ffa24fc6\" tg-width=\"800\" tg-height=\"319\" referrerpolicy=\"no-referrer\">The Block</p>\n<p>On social media, there's been a big drop in the new follower counts for big exchanges, which is a nice gauge of public interest in the space.</p>\n<p><img src=\"https://static.tigerbbs.com/83c6a1861a2e1903b1af47943d935e7c\" tg-width=\"800\" tg-height=\"322\" referrerpolicy=\"no-referrer\">The Block</p>\n<p>And finally, in the DeFi realm, you can see the revenue generated by various protocols having fallen off sharply, in line with the drop in trading that we see on traditional exchanges.</p>\n<p><img src=\"https://static.tigerbbs.com/c5edc226a824195b7c847942c657073e\" tg-width=\"800\" tg-height=\"325\" referrerpolicy=\"no-referrer\">The Block</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Five Charts That Show How Much the Crypto Space Just Slowed Down</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\">\nFive Charts That Show How Much the Crypto Space Just Slowed Down\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-12 11:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-11/bitcoin-btc-ethereum-eth-crypto-markets-start-to-slow-down?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There have been a lot of crypto headlines lately, from Miami to El Salvador. However, in the last few weeks, the frenetic pace of the market has clearly slowed down. Obviously you see the change in ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-11/bitcoin-btc-ethereum-eth-crypto-markets-start-to-slow-down?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust","COIN":"Coinbase Global, Inc."},"source_url":"https://www.bloomberg.com/news/articles/2021-06-11/bitcoin-btc-ethereum-eth-crypto-markets-start-to-slow-down?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133871419","content_text":"There have been a lot of crypto headlines lately, from Miami to El Salvador. However, in the last few weeks, the frenetic pace of the market has clearly slowed down. Obviously you see the change in mood in the price, with steep drops in the price of Ethereum and Bitcoin over the last several weeks.\nBut other metrics are in decline as well lately. Looking at the data dashboard published by the news and research site The Block, here are five other indicators of the recent market slowdown.\nFirst, exchange volumes have dropped precipitously in recent weeks after a massive surge to start the year.\nNext, if you look at the premium in the futures market, that’s come in massively. People aren’t paying up as much for out-month Bitcoin futures on Binance as they were several weeks ago, signaling a more subdued vibe.\nPhotographer: The Block\nTrading in NFTs has come down (though it’s still a massively bigger space than it was last year.)\nThe Block\nOn social media, there's been a big drop in the new follower counts for big exchanges, which is a nice gauge of public interest in the space.\nThe Block\nAnd finally, in the DeFi realm, you can see the revenue generated by various protocols having fallen off sharply, in line with the drop in trading that we see on traditional exchanges.\nThe Block","news_type":1},"isVote":1,"tweetType":1,"viewCount":221,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181154103,"gmtCreate":1623380444502,"gmtModify":1704202110500,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/600276\">$Jiangsu Hengrui Medicine Co.,Ltd.(600276)$</a>not sure what happened ,my&nbsp;Original qty is 200 and yesterday become 240. I try sold all but only able sell at qty 200. Now left 40 without no cost and all show as gain. Can anyone advise me?&nbsp; Thanks","listText":"<a href=\"https://laohu8.com/S/600276\">$Jiangsu Hengrui Medicine Co.,Ltd.(600276)$</a>not sure what happened ,my&nbsp;Original qty is 200 and yesterday become 240. I try sold all but only able sell at qty 200. Now left 40 without no cost and all show as gain. Can anyone advise me?&nbsp; Thanks","text":"$Jiangsu Hengrui Medicine Co.,Ltd.(600276)$not sure what happened ,my Original qty is 200 and yesterday become 240. I try sold all but only able sell at qty 200. Now left 40 without no cost and all show as gain. Can anyone advise me? Thanks","images":[{"img":"https://static.tigerbbs.com/6f97152df0bacd5a22b3d09c0d55b211","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/181154103","isVote":1,"tweetType":1,"viewCount":1029,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3487241772447969","authorId":"3487241772447969","name":"大锤子啊","avatar":"https://static.tigerbbs.com/f123a3bd6e5f47f0f33b231930f1550d","crmLevel":4,"crmLevelSwitch":0,"idStr":"3487241772447969","authorIdStr":"3487241772447969"},"content":"Ex-power, eldest brother","text":"Ex-power, eldest brother","html":"Ex-power, eldest brother"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":189015091,"gmtCreate":1623232511713,"gmtModify":1704198890702,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/189015091","repostId":"1184778465","repostType":4,"isVote":1,"tweetType":1,"viewCount":59,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189012165,"gmtCreate":1623232484057,"gmtModify":1704198888800,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189012165","repostId":"1154263782","repostType":4,"repost":{"id":"1154263782","pubTimestamp":1623204460,"share":"https://ttm.financial/m/news/1154263782?lang=&edition=fundamental","pubTime":"2021-06-09 10:07","market":"us","language":"en","title":"The 10 Most Talked About Stocks on Reddit Today","url":"https://stock-news.laohu8.com/highlight/detail?id=1154263782","media":"investorplace","summary":"Reddit continues to be the home of meme stocks and with the recent rally surrounding those, it’s worth looking in and seeing what traders on the subreddit are talking about.WallStreetBets in particular is one of the most popular subreddits where users collect to talk about their stock picks. That’s no different on Tuesday with there being plenty of chatter to look into.Let’s see the most talked-about stockson Reddit WallStreetBets today below.","content":"<p>Reddit continues to be the home of meme stocks and with the recent rally surrounding those, it’s worth looking in and seeing what traders on the subreddit are talking about.</p><p>WallStreetBets in particular is one of the most popular subreddits where users collect to talk about their stock picks. That’s no different on Tuesday with there being plenty of chatter to look into.</p><p>Let’s see the&nbsp;most talked-about stockson Reddit WallStreetBets today below.</p><p>Most Talked About Reddit Stocks Today</p><ol><li><b>Clover Health</b>(NASDAQ:<b><u>CLOV</u></b>) takes the top spot on the list with more than 2,000 mentions over the last four hours. The stock is sitting 76% higher as of this writing.</li><li><b>BlackBerry</b>(NYSE:<b><u>BB</u></b>) is up next with the stock getting close to 1,000 mentions as of Tuesday afternoon. The stock is currently down slightly today.</li><li><b>GameStop</b>(NYSE:<b><u>GME</u></b>) is always a Reddit favorite with just over 800 mentions on WSB. Shares are up 5.5% right now.</li><li><b>AMC Entertainment</b>(NYSE:<b><u>AMC</u></b>) secures its sport on the list with more than 560 mentions. The stock is down 1.6% as of this writing.</li><li><b>Clean Energy Fuels</b>(NASDAQ:<b><u>CLNE</u></b>) joins the list with close to 400 mentions Tuesday afternoon. It’s also down 6.3%% at that same time.</li><li><b>Wendy’s</b>(NASDAQ:<b><u>WEN</u></b>) is a new favorite of Reddit with more than 250 mentions. The stock is up 18.4% as of this writing.</li><li><b>WorkHorse</b>(NASDAQ:<b><u>WKHS</u></b>) stock is getting talked about today with about 230 mentions. The shares are up 16.6% as of Tuesday afternoon.</li><li><b>Academy Sports &amp; Outdoors</b>(NASDAQ:<b><u>ASO</u></b>) is also on the list with about 120 mentions. The stock is up 2.8% as of this writing.</li><li><b>Tilray</b>(NASDAQ:<b><u>TLRY</u></b>) is just past 100 mentions with its place on the list. Shares are up close to 1% right now.</li><li><b>Nokia</b>(NYSE:<b><u>NOK</u></b>) is the final entry on the list with just under 100 mentions. The stock is down slightly at the moment.</li></ol><p></p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The 10 Most Talked About Stocks on Reddit Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe 10 Most Talked About Stocks on Reddit Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 10:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/the-10-most-talked-about-stocks-on-reddit-today/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Reddit continues to be the home of meme stocks and with the recent rally surrounding those, it’s worth looking in and seeing what traders on the subreddit are talking about.WallStreetBets in ...</p>\n\n<a href=\"https://investorplace.com/2021/06/the-10-most-talked-about-stocks-on-reddit-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WEN":"温蒂汉堡","TLRY":"Tilray Inc.","AMC":"AMC院线","CLNE":"Clean Energy Fuels Corp","GME":"游戏驿站","WKHS":"Workhorse Group, Inc.","BB":"黑莓","CLOV":"Clover Health Corp","NOK":"诺基亚","ASO":"Academy Sports & Outdoors, Inc."},"source_url":"https://investorplace.com/2021/06/the-10-most-talked-about-stocks-on-reddit-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154263782","content_text":"Reddit continues to be the home of meme stocks and with the recent rally surrounding those, it’s worth looking in and seeing what traders on the subreddit are talking about.WallStreetBets in particular is one of the most popular subreddits where users collect to talk about their stock picks. That’s no different on Tuesday with there being plenty of chatter to look into.Let’s see the most talked-about stockson Reddit WallStreetBets today below.Most Talked About Reddit Stocks TodayClover Health(NASDAQ:CLOV) takes the top spot on the list with more than 2,000 mentions over the last four hours. The stock is sitting 76% higher as of this writing.BlackBerry(NYSE:BB) is up next with the stock getting close to 1,000 mentions as of Tuesday afternoon. The stock is currently down slightly today.GameStop(NYSE:GME) is always a Reddit favorite with just over 800 mentions on WSB. Shares are up 5.5% right now.AMC Entertainment(NYSE:AMC) secures its sport on the list with more than 560 mentions. The stock is down 1.6% as of this writing.Clean Energy Fuels(NASDAQ:CLNE) joins the list with close to 400 mentions Tuesday afternoon. It’s also down 6.3%% at that same time.Wendy’s(NASDAQ:WEN) is a new favorite of Reddit with more than 250 mentions. The stock is up 18.4% as of this writing.WorkHorse(NASDAQ:WKHS) stock is getting talked about today with about 230 mentions. The shares are up 16.6% as of Tuesday afternoon.Academy Sports & Outdoors(NASDAQ:ASO) is also on the list with about 120 mentions. The stock is up 2.8% as of this writing.Tilray(NASDAQ:TLRY) is just past 100 mentions with its place on the list. Shares are up close to 1% right now.Nokia(NYSE:NOK) is the final entry on the list with just under 100 mentions. The stock is down slightly at the moment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":136,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":112575592,"gmtCreate":1622895288516,"gmtModify":1704193078351,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/112575592","repostId":"112561910","repostType":1,"repost":{"id":112561910,"gmtCreate":1622887640130,"gmtModify":1704193014101,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3563421686188310","authorIdStr":"3563421686188310"},"themes":[],"title":"My Updated thoughts on Bitcoin - 5 June 2021","htmlText":"Now that I find time to write another article, I decide that it would be best to give another writeup on Bitcoin. Why? Numberous price action of Bitcoin seems to see the Bitcoin fluctuating between 31,000 USD and 41,500 USD. If you read my article awhile back when I first cautioned readers to be careful that once Bitcoin breaches the support at 48,000 USD, it would fall rapidly to 40,000 USD. Needless to say, as time has proven, it was correct but not so correct. I would have at that point in time, thought that Bitcoin will stabilise at 40,000 USD before the next price move be it a fall or increase.But it was an incredible price action as usual that saw Bitcoin tanking to 31,000 USD on a Monday (think a couple of weeks ago), which saw a number of people getting squeezed out of margin call.","listText":"Now that I find time to write another article, I decide that it would be best to give another writeup on Bitcoin. Why? Numberous price action of Bitcoin seems to see the Bitcoin fluctuating between 31,000 USD and 41,500 USD. If you read my article awhile back when I first cautioned readers to be careful that once Bitcoin breaches the support at 48,000 USD, it would fall rapidly to 40,000 USD. Needless to say, as time has proven, it was correct but not so correct. I would have at that point in time, thought that Bitcoin will stabilise at 40,000 USD before the next price move be it a fall or increase.But it was an incredible price action as usual that saw Bitcoin tanking to 31,000 USD on a Monday (think a couple of weeks ago), which saw a number of people getting squeezed out of margin call.","text":"Now that I find time to write another article, I decide that it would be best to give another writeup on Bitcoin. Why? Numberous price action of Bitcoin seems to see the Bitcoin fluctuating between 31,000 USD and 41,500 USD. If you read my article awhile back when I first cautioned readers to be careful that once Bitcoin breaches the support at 48,000 USD, it would fall rapidly to 40,000 USD. Needless to say, as time has proven, it was correct but not so correct. I would have at that point in time, thought that Bitcoin will stabilise at 40,000 USD before the next price move be it a fall or increase.But it was an incredible price action as usual that saw Bitcoin tanking to 31,000 USD on a Monday (think a couple of weeks ago), which saw a number of people getting squeezed out of margin call.","images":[],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/112561910","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":163,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":137613396,"gmtCreate":1622342393015,"gmtModify":1704183209179,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/137613396","repostId":"2138948877","repostType":4,"repost":{"id":"2138948877","weMediaInfo":{"introduction":"The leading daily newsletter for the latest financial and business news. 33Yrs Helping Stock Investors with Investing Insights, Tools, News & More.","home_visible":0,"media_name":"Investors","id":"1085713068","head_image":"https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c"},"pubTimestamp":1622215813,"share":"https://ttm.financial/m/news/2138948877?lang=&edition=fundamental","pubTime":"2021-05-28 23:30","market":"us","language":"en","title":"The Pandemic May Have Changed Vacations – And Travel Stocks Like Airbnb, Marriott, Winnebago – Forever","url":"https://stock-news.laohu8.com/highlight/detail?id=2138948877","media":"Investors","summary":"Vacation trends reveal shifts toward privacy, luxury and family, continuing a transformative period for leisure and travel stocks.","content":"<p>Your next vacation will likely be more private, luxurious or family oriented than your trips in the past, and business trips may never be the same. For leisure and travel stocks like <b>Airbnb</b> that got slammed by pandemic shutdowns, the lifting of Covid curbs means adjusting to a whole new world.</p><p>Some tastes people acquired last year as they looked for escapes from lockdown are proving durable, like traveling to national parks by RV. Others, such as boating, grew out of surges in wealth that the stock market rally provided. As the summer travel season heats up, Americans are making new choices in where they go, when they go, how they get there and who joins them.</p><p>\"The world is never going back to the way it was,\" said Airbnb CEO Brian Chesky on an earnings call in May. \"And that means that travel is never going back to the way it was either.\"</p><p>One major trend is travelers have become more flexible about when and where they go, especially as remote work allows people to blur when they are on and off the clock. Airbnb stock rose May 24, when the company updated booking features, including an option to search for listings without fixed dates or locations.</p><p>And consumers aren't the only ones changing their habits. While tourism-dependent destinations suffered last year, the less-packed streets also showed locals the benefits of quieter communities.</p><p>Residents and local officials in normally packed hot spots like Italy and Hawaii are considering limiting the number of tourists. Such a seismic change could make visiting these places prohibitively expensive for many people. If the mix of travelers tilts more heavily toward the wealthy, travel stocks will nudge further toward luxury.</p><h2>Leisure, Travel Industry Stocks</h2><p>Shares across the sector have rebounded from last year's pandemic lows. The stocks' recent chart action is mixed. But many travel stocks have outperformed the market the past week and could present buying opportunities for investors.</p><p>Airline stocks&nbsp;like <b>American Airlines</b>, <b>United Airlines</b> and <b>Delta Air Lines</b> surged earlier this year on the Reddit stock short squeeze. Then they sold off because business and overseas travel remained weak. Since then, they've consolidated and are approaching buy points.</p><p>Cruise stocks like <b>Carnival</b>, <b>Royal Caribbean</b> and <b>Norwegian Cruise Line</b> are showing similar patterns.</p><p>Meanwhile, shares of boat makers <b>MarineMax</b> and <b>Brunswick</b> as well as RV makers <b>Winnebago</b> and <b>Thor Industries</b> need to regroup after some failed breakouts. They are no longer in buy zones but could form new bases if earnings and sales growth remain strong.</p><p>Hotel leader <b>Marriott</b> has been less volatile and is forming a base, though earnings and sales have yet to fully recover.</p><p>Airbnb stock has had a more difficult year. It surged after going public in December but began to slump in March as competition from <b><a href=\"https://laohu8.com/S/EXPE\">Expedia</a></b> rival Vrbo rental service reduced the availability of hosts. A mixed Q1 earnings report and the end of a post-IPO lockup period also weighed on Airbnb stock, which popped up 6% Thursday on higher volume but remained 35% off its 2021 high.</p><h2><b>When Luxury Means More Privacy</b></h2><p>Luxury travel, once the purview of only the ultrarich, may have won over those who might have had the means but not the need to travel lavishly. As travelers sought to avoid crowds during the pandemic, those with the means turned to options like private jets.</p><p>Arnie Weissman, editor-in-chief of Travel Weekly, says the pandemic opened luxury travel to a wider customer base. \"Some people developed a taste for it, and it's likely to continue.\"</p><p>Kim-Marie Evans, who writes the blog \"Luxury Travel Moms\" and plans travel for high-net-worth clients, told IBD she booked a trip for a family to Anguilla.</p><p>They stayed in a four-bedroom villa at the Four Seasons. And rather than flying commercially, they used a private jet service.</p><p>Private jet bookings are at or near their pre-pandemic highs, according to Elite Traveler, citing industry tracker FlightAware's data.</p><p>In May, private jet company Wheels Up said membership jumped 58% in Q1 to nearly 10,000. And VistaJet, another leading private jet company, said membership climbed 29% from a year ago.</p><p>Private jet leasing company NetJets, which is owned by <b>Berkshire Hathaway</b>, says its flight volume dropped to as low as 10% of 2019 numbers at the start of the pandemic.</p><p>Now the company, which also offers fractional ownership of its jets, says it's operating at 85% of its 2019 volume. NetJets said in a statement that commercial airlines have reduced their schedules. Consumers also are prioritizing their health and safety, choosing the seclusion of a private jet over a packed jetliner.</p><h2><b>Vacation Shift Favors These Travel Stocks</b></h2><p>Hotel chains implemented stringent Covid-19 protocols to convince visitors their properties were clean and safe. Still, many travelers opted to rent private homes through Airbnb, where they could avoid mingling with strangers in hotel lobbies, Weismann says.</p><p>Travel trends favor Airbnb stock long term, though it currently is slumping. On May 27, analysts at RBC Capital Markets rated shares at outperform, citing secular tailwinds that have yet to be fully appreciated by the market such as its dominant customer engagement.</p><p>The pandemic also shed light on the market potential of travel stocks like Marriott, which operates home-rental service Homes &amp; Villas by Marriott International, catering to ultra premium short- and long-term stays, CFRA Research analyst Tuna Amobi says.</p><p>The Homes &amp; Villas platform, which offers professionally managed private homes, had around 2,000 units at launch less than two years ago. Today, it lists nearly 25,000 properties.</p><p>\"They're where we don't have hotels, and many of them are in more remote locations, which really was quite attractive during Covid,\" said Marriott International President Stephanie Linnartz in a recent call with investors.</p><p>Airbnb also finds that customers are visiting smaller cities, towns and rural communities — not the same 20-30 cities that were most popular pre-pandemic. People are traveling outside the peak seasons and staying longer.</p><p>\"There is a mass shift from mass travel to meaningful travel,\" CEO Chesky said.</p><h2><b>Seaworthy Travel Stocks </b></h2><p>Luxury cruising should also come back with a bang. Nearly every cruise line's around-the-world luxury voyage is fully booked two years in advance.</p><p>One cruise line, Silversea, said its 139-day around-the-world cruise sold out in a single day. The Monaco-based cruise line is owned by Royal Caribbean. The cruise costs between $74,000 and $278,000 per guest, based on double occupancy. That compares with typical fares that start at $15,000-$20,000.</p><p>But others heading out to sea want to avoid crowded ships, which have seen outbreaks of coronavirus and other infections. The National Marine Manufacturers Association says new powerboat sales surged 34% in February compared to the same time period last year.</p><p>\"Inventory levels of new boats are the leanest they've ever been, and boats are being sold as soon as they hit the marketplace as manufacturers work to fulfill the backlog of orders,\" said Vicky Yu, senior director of business intelligence for NMMA. \"While new boat sales slowed in early 2021 following record sales last year, we are still seeing elevated levels as more Americans seek out boating as a way to spend quality time with loved ones.\"</p><p>The trend has pushed up leisure and travel stocks like boat retailers MarineMax and Brunswick&nbsp;as well as sport boat maker <b>Malibu Boats</b>.</p><p>\"It's really turning out to be a great alternative for people to stay close to home and with their family and friends and enjoy the boating lifestyle,\" MarineMax CFO Michael McLamb said in a conference call after reporting earnings April 22.</p><h2><b>Travel Stocks For Being Alone Together</b></h2><p>The desire to spend more time with friends and family is also spurring RV sales. They exploded in popularity during the pandemic, and sales data this year show demand remains high.</p><p>\"The rediscovery of America will continue this summer,\" Weissman said.</p><p>The pandemic accelerated long-term trends favoring the outdoors, Winnebago CEO Michael Happe said in a March earnings call. That includes power sports, boating and RVs.</p><p>Consumer priorities have changed, he added, toward a desire to invest in experiences vs. possessions.</p><p>\"We also believe the time (spent) recently with family and friends has reinforced that they'd like to do more of that in the future,\" Happe said. \"And families and individuals will be reevaluating how they spend their leisure time going forward.\"</p><p>Airbnb pointed to another sign of this trend among leisure and travel stocks. Instead of booking studio apartments in cities, more customers are booking entire homes with more bedrooms. As a result, the number of guests per reservation has increased.</p><h2><b>Work-Life Rebalance</b></h2><p>As people pay closer attention to their well-being post-Covid, another trend to watch is high-end wellness tourism with a focus on fitness, rejuvenation and health, Weissman says. That includes yoga and spa getaways as well as packages that offer cycling and hiking activities.</p><p>Meanwhile, the work-from-home shift allowed people to rethink other aspects of their lifestyle. In particular, they can try to balance work, leisure and travel differently.</p><p>Wedbush analyst James Hardiman says \"2020 was proof of concept that people can be productive, even more productive, while working remotely.\"</p><p>Airbnb says the share of bookings longer than 28 days jumped to 24% in Q1 from 14% in 2019. The company doesn't consider this travel.</p><p>\"People are not just traveling on Airbnb,\" Chesky said. \"They're now living on Airbnb.\"</p><h2>Future Of Business Travel?</h2><p>That also has implications for business travel, which is the most lucrative segment for travel stocks like airlines.</p><p>Experts say fewer workers may fly for <a href=\"https://laohu8.com/S/AONE\">one</a>-day intracompany meetings. However, more crucial business will still require people to fly for in-person meetings.</p><p>When it's time to show up in person, Airbnb expects workers will travel together more often. That trend also has ramifications for Airbnb stock and others. Employees who work in different cities might stay in <a href=\"https://laohu8.com/S/AONE.U\">one</a> house when they visit headquarters. They could share meals together at the kitchen table in the morning or evening.</p><p>That may be a welcome change for road warriors, who pop in an out of cities and squeeze in sightseeing along the way.</p><p>\"They don't miss business travel,\" Chesky said. \"They don't miss standing in line in front of a museum or a landmark … getting a photo with a selfie stick.\"</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>The Pandemic May Have Changed Vacations – And Travel Stocks Like Airbnb, Marriott, Winnebago – Forever</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Pandemic May Have Changed Vacations – And Travel Stocks Like Airbnb, Marriott, Winnebago – Forever\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/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Investors </p>\n<p class=\"h-time\">2021-05-28 23:30</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Your next vacation will likely be more private, luxurious or family oriented than your trips in the past, and business trips may never be the same. For leisure and travel stocks like <b>Airbnb</b> that got slammed by pandemic shutdowns, the lifting of Covid curbs means adjusting to a whole new world.</p><p>Some tastes people acquired last year as they looked for escapes from lockdown are proving durable, like traveling to national parks by RV. Others, such as boating, grew out of surges in wealth that the stock market rally provided. As the summer travel season heats up, Americans are making new choices in where they go, when they go, how they get there and who joins them.</p><p>\"The world is never going back to the way it was,\" said Airbnb CEO Brian Chesky on an earnings call in May. \"And that means that travel is never going back to the way it was either.\"</p><p>One major trend is travelers have become more flexible about when and where they go, especially as remote work allows people to blur when they are on and off the clock. Airbnb stock rose May 24, when the company updated booking features, including an option to search for listings without fixed dates or locations.</p><p>And consumers aren't the only ones changing their habits. While tourism-dependent destinations suffered last year, the less-packed streets also showed locals the benefits of quieter communities.</p><p>Residents and local officials in normally packed hot spots like Italy and Hawaii are considering limiting the number of tourists. Such a seismic change could make visiting these places prohibitively expensive for many people. If the mix of travelers tilts more heavily toward the wealthy, travel stocks will nudge further toward luxury.</p><h2>Leisure, Travel Industry Stocks</h2><p>Shares across the sector have rebounded from last year's pandemic lows. The stocks' recent chart action is mixed. But many travel stocks have outperformed the market the past week and could present buying opportunities for investors.</p><p>Airline stocks&nbsp;like <b>American Airlines</b>, <b>United Airlines</b> and <b>Delta Air Lines</b> surged earlier this year on the Reddit stock short squeeze. Then they sold off because business and overseas travel remained weak. Since then, they've consolidated and are approaching buy points.</p><p>Cruise stocks like <b>Carnival</b>, <b>Royal Caribbean</b> and <b>Norwegian Cruise Line</b> are showing similar patterns.</p><p>Meanwhile, shares of boat makers <b>MarineMax</b> and <b>Brunswick</b> as well as RV makers <b>Winnebago</b> and <b>Thor Industries</b> need to regroup after some failed breakouts. They are no longer in buy zones but could form new bases if earnings and sales growth remain strong.</p><p>Hotel leader <b>Marriott</b> has been less volatile and is forming a base, though earnings and sales have yet to fully recover.</p><p>Airbnb stock has had a more difficult year. It surged after going public in December but began to slump in March as competition from <b><a href=\"https://laohu8.com/S/EXPE\">Expedia</a></b> rival Vrbo rental service reduced the availability of hosts. A mixed Q1 earnings report and the end of a post-IPO lockup period also weighed on Airbnb stock, which popped up 6% Thursday on higher volume but remained 35% off its 2021 high.</p><h2><b>When Luxury Means More Privacy</b></h2><p>Luxury travel, once the purview of only the ultrarich, may have won over those who might have had the means but not the need to travel lavishly. As travelers sought to avoid crowds during the pandemic, those with the means turned to options like private jets.</p><p>Arnie Weissman, editor-in-chief of Travel Weekly, says the pandemic opened luxury travel to a wider customer base. \"Some people developed a taste for it, and it's likely to continue.\"</p><p>Kim-Marie Evans, who writes the blog \"Luxury Travel Moms\" and plans travel for high-net-worth clients, told IBD she booked a trip for a family to Anguilla.</p><p>They stayed in a four-bedroom villa at the Four Seasons. And rather than flying commercially, they used a private jet service.</p><p>Private jet bookings are at or near their pre-pandemic highs, according to Elite Traveler, citing industry tracker FlightAware's data.</p><p>In May, private jet company Wheels Up said membership jumped 58% in Q1 to nearly 10,000. And VistaJet, another leading private jet company, said membership climbed 29% from a year ago.</p><p>Private jet leasing company NetJets, which is owned by <b>Berkshire Hathaway</b>, says its flight volume dropped to as low as 10% of 2019 numbers at the start of the pandemic.</p><p>Now the company, which also offers fractional ownership of its jets, says it's operating at 85% of its 2019 volume. NetJets said in a statement that commercial airlines have reduced their schedules. Consumers also are prioritizing their health and safety, choosing the seclusion of a private jet over a packed jetliner.</p><h2><b>Vacation Shift Favors These Travel Stocks</b></h2><p>Hotel chains implemented stringent Covid-19 protocols to convince visitors their properties were clean and safe. Still, many travelers opted to rent private homes through Airbnb, where they could avoid mingling with strangers in hotel lobbies, Weismann says.</p><p>Travel trends favor Airbnb stock long term, though it currently is slumping. On May 27, analysts at RBC Capital Markets rated shares at outperform, citing secular tailwinds that have yet to be fully appreciated by the market such as its dominant customer engagement.</p><p>The pandemic also shed light on the market potential of travel stocks like Marriott, which operates home-rental service Homes &amp; Villas by Marriott International, catering to ultra premium short- and long-term stays, CFRA Research analyst Tuna Amobi says.</p><p>The Homes &amp; Villas platform, which offers professionally managed private homes, had around 2,000 units at launch less than two years ago. Today, it lists nearly 25,000 properties.</p><p>\"They're where we don't have hotels, and many of them are in more remote locations, which really was quite attractive during Covid,\" said Marriott International President Stephanie Linnartz in a recent call with investors.</p><p>Airbnb also finds that customers are visiting smaller cities, towns and rural communities — not the same 20-30 cities that were most popular pre-pandemic. People are traveling outside the peak seasons and staying longer.</p><p>\"There is a mass shift from mass travel to meaningful travel,\" CEO Chesky said.</p><h2><b>Seaworthy Travel Stocks </b></h2><p>Luxury cruising should also come back with a bang. Nearly every cruise line's around-the-world luxury voyage is fully booked two years in advance.</p><p>One cruise line, Silversea, said its 139-day around-the-world cruise sold out in a single day. The Monaco-based cruise line is owned by Royal Caribbean. The cruise costs between $74,000 and $278,000 per guest, based on double occupancy. That compares with typical fares that start at $15,000-$20,000.</p><p>But others heading out to sea want to avoid crowded ships, which have seen outbreaks of coronavirus and other infections. The National Marine Manufacturers Association says new powerboat sales surged 34% in February compared to the same time period last year.</p><p>\"Inventory levels of new boats are the leanest they've ever been, and boats are being sold as soon as they hit the marketplace as manufacturers work to fulfill the backlog of orders,\" said Vicky Yu, senior director of business intelligence for NMMA. \"While new boat sales slowed in early 2021 following record sales last year, we are still seeing elevated levels as more Americans seek out boating as a way to spend quality time with loved ones.\"</p><p>The trend has pushed up leisure and travel stocks like boat retailers MarineMax and Brunswick&nbsp;as well as sport boat maker <b>Malibu Boats</b>.</p><p>\"It's really turning out to be a great alternative for people to stay close to home and with their family and friends and enjoy the boating lifestyle,\" MarineMax CFO Michael McLamb said in a conference call after reporting earnings April 22.</p><h2><b>Travel Stocks For Being Alone Together</b></h2><p>The desire to spend more time with friends and family is also spurring RV sales. They exploded in popularity during the pandemic, and sales data this year show demand remains high.</p><p>\"The rediscovery of America will continue this summer,\" Weissman said.</p><p>The pandemic accelerated long-term trends favoring the outdoors, Winnebago CEO Michael Happe said in a March earnings call. That includes power sports, boating and RVs.</p><p>Consumer priorities have changed, he added, toward a desire to invest in experiences vs. possessions.</p><p>\"We also believe the time (spent) recently with family and friends has reinforced that they'd like to do more of that in the future,\" Happe said. \"And families and individuals will be reevaluating how they spend their leisure time going forward.\"</p><p>Airbnb pointed to another sign of this trend among leisure and travel stocks. Instead of booking studio apartments in cities, more customers are booking entire homes with more bedrooms. As a result, the number of guests per reservation has increased.</p><h2><b>Work-Life Rebalance</b></h2><p>As people pay closer attention to their well-being post-Covid, another trend to watch is high-end wellness tourism with a focus on fitness, rejuvenation and health, Weissman says. That includes yoga and spa getaways as well as packages that offer cycling and hiking activities.</p><p>Meanwhile, the work-from-home shift allowed people to rethink other aspects of their lifestyle. In particular, they can try to balance work, leisure and travel differently.</p><p>Wedbush analyst James Hardiman says \"2020 was proof of concept that people can be productive, even more productive, while working remotely.\"</p><p>Airbnb says the share of bookings longer than 28 days jumped to 24% in Q1 from 14% in 2019. The company doesn't consider this travel.</p><p>\"People are not just traveling on Airbnb,\" Chesky said. \"They're now living on Airbnb.\"</p><h2>Future Of Business Travel?</h2><p>That also has implications for business travel, which is the most lucrative segment for travel stocks like airlines.</p><p>Experts say fewer workers may fly for <a href=\"https://laohu8.com/S/AONE\">one</a>-day intracompany meetings. However, more crucial business will still require people to fly for in-person meetings.</p><p>When it's time to show up in person, Airbnb expects workers will travel together more often. That trend also has ramifications for Airbnb stock and others. Employees who work in different cities might stay in <a href=\"https://laohu8.com/S/AONE.U\">one</a> house when they visit headquarters. They could share meals together at the kitchen table in the morning or evening.</p><p>That may be a welcome change for road warriors, who pop in an out of cities and squeeze in sightseeing along the way.</p><p>\"They don't miss business travel,\" Chesky said. \"They don't miss standing in line in front of a museum or a landmark … getting a photo with a selfie stick.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WGO":"温尼巴格实业"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2138948877","content_text":"Your next vacation will likely be more private, luxurious or family oriented than your trips in the past, and business trips may never be the same. For leisure and travel stocks like Airbnb that got slammed by pandemic shutdowns, the lifting of Covid curbs means adjusting to a whole new world.Some tastes people acquired last year as they looked for escapes from lockdown are proving durable, like traveling to national parks by RV. Others, such as boating, grew out of surges in wealth that the stock market rally provided. As the summer travel season heats up, Americans are making new choices in where they go, when they go, how they get there and who joins them.\"The world is never going back to the way it was,\" said Airbnb CEO Brian Chesky on an earnings call in May. \"And that means that travel is never going back to the way it was either.\"One major trend is travelers have become more flexible about when and where they go, especially as remote work allows people to blur when they are on and off the clock. Airbnb stock rose May 24, when the company updated booking features, including an option to search for listings without fixed dates or locations.And consumers aren't the only ones changing their habits. While tourism-dependent destinations suffered last year, the less-packed streets also showed locals the benefits of quieter communities.Residents and local officials in normally packed hot spots like Italy and Hawaii are considering limiting the number of tourists. Such a seismic change could make visiting these places prohibitively expensive for many people. If the mix of travelers tilts more heavily toward the wealthy, travel stocks will nudge further toward luxury.Leisure, Travel Industry StocksShares across the sector have rebounded from last year's pandemic lows. The stocks' recent chart action is mixed. But many travel stocks have outperformed the market the past week and could present buying opportunities for investors.Airline stocks like American Airlines, United Airlines and Delta Air Lines surged earlier this year on the Reddit stock short squeeze. Then they sold off because business and overseas travel remained weak. Since then, they've consolidated and are approaching buy points.Cruise stocks like Carnival, Royal Caribbean and Norwegian Cruise Line are showing similar patterns.Meanwhile, shares of boat makers MarineMax and Brunswick as well as RV makers Winnebago and Thor Industries need to regroup after some failed breakouts. They are no longer in buy zones but could form new bases if earnings and sales growth remain strong.Hotel leader Marriott has been less volatile and is forming a base, though earnings and sales have yet to fully recover.Airbnb stock has had a more difficult year. It surged after going public in December but began to slump in March as competition from Expedia rival Vrbo rental service reduced the availability of hosts. A mixed Q1 earnings report and the end of a post-IPO lockup period also weighed on Airbnb stock, which popped up 6% Thursday on higher volume but remained 35% off its 2021 high.When Luxury Means More PrivacyLuxury travel, once the purview of only the ultrarich, may have won over those who might have had the means but not the need to travel lavishly. As travelers sought to avoid crowds during the pandemic, those with the means turned to options like private jets.Arnie Weissman, editor-in-chief of Travel Weekly, says the pandemic opened luxury travel to a wider customer base. \"Some people developed a taste for it, and it's likely to continue.\"Kim-Marie Evans, who writes the blog \"Luxury Travel Moms\" and plans travel for high-net-worth clients, told IBD she booked a trip for a family to Anguilla.They stayed in a four-bedroom villa at the Four Seasons. And rather than flying commercially, they used a private jet service.Private jet bookings are at or near their pre-pandemic highs, according to Elite Traveler, citing industry tracker FlightAware's data.In May, private jet company Wheels Up said membership jumped 58% in Q1 to nearly 10,000. And VistaJet, another leading private jet company, said membership climbed 29% from a year ago.Private jet leasing company NetJets, which is owned by Berkshire Hathaway, says its flight volume dropped to as low as 10% of 2019 numbers at the start of the pandemic.Now the company, which also offers fractional ownership of its jets, says it's operating at 85% of its 2019 volume. NetJets said in a statement that commercial airlines have reduced their schedules. Consumers also are prioritizing their health and safety, choosing the seclusion of a private jet over a packed jetliner.Vacation Shift Favors These Travel StocksHotel chains implemented stringent Covid-19 protocols to convince visitors their properties were clean and safe. Still, many travelers opted to rent private homes through Airbnb, where they could avoid mingling with strangers in hotel lobbies, Weismann says.Travel trends favor Airbnb stock long term, though it currently is slumping. On May 27, analysts at RBC Capital Markets rated shares at outperform, citing secular tailwinds that have yet to be fully appreciated by the market such as its dominant customer engagement.The pandemic also shed light on the market potential of travel stocks like Marriott, which operates home-rental service Homes & Villas by Marriott International, catering to ultra premium short- and long-term stays, CFRA Research analyst Tuna Amobi says.The Homes & Villas platform, which offers professionally managed private homes, had around 2,000 units at launch less than two years ago. Today, it lists nearly 25,000 properties.\"They're where we don't have hotels, and many of them are in more remote locations, which really was quite attractive during Covid,\" said Marriott International President Stephanie Linnartz in a recent call with investors.Airbnb also finds that customers are visiting smaller cities, towns and rural communities — not the same 20-30 cities that were most popular pre-pandemic. People are traveling outside the peak seasons and staying longer.\"There is a mass shift from mass travel to meaningful travel,\" CEO Chesky said.Seaworthy Travel Stocks Luxury cruising should also come back with a bang. Nearly every cruise line's around-the-world luxury voyage is fully booked two years in advance.One cruise line, Silversea, said its 139-day around-the-world cruise sold out in a single day. The Monaco-based cruise line is owned by Royal Caribbean. The cruise costs between $74,000 and $278,000 per guest, based on double occupancy. That compares with typical fares that start at $15,000-$20,000.But others heading out to sea want to avoid crowded ships, which have seen outbreaks of coronavirus and other infections. The National Marine Manufacturers Association says new powerboat sales surged 34% in February compared to the same time period last year.\"Inventory levels of new boats are the leanest they've ever been, and boats are being sold as soon as they hit the marketplace as manufacturers work to fulfill the backlog of orders,\" said Vicky Yu, senior director of business intelligence for NMMA. \"While new boat sales slowed in early 2021 following record sales last year, we are still seeing elevated levels as more Americans seek out boating as a way to spend quality time with loved ones.\"The trend has pushed up leisure and travel stocks like boat retailers MarineMax and Brunswick as well as sport boat maker Malibu Boats.\"It's really turning out to be a great alternative for people to stay close to home and with their family and friends and enjoy the boating lifestyle,\" MarineMax CFO Michael McLamb said in a conference call after reporting earnings April 22.Travel Stocks For Being Alone TogetherThe desire to spend more time with friends and family is also spurring RV sales. They exploded in popularity during the pandemic, and sales data this year show demand remains high.\"The rediscovery of America will continue this summer,\" Weissman said.The pandemic accelerated long-term trends favoring the outdoors, Winnebago CEO Michael Happe said in a March earnings call. That includes power sports, boating and RVs.Consumer priorities have changed, he added, toward a desire to invest in experiences vs. possessions.\"We also believe the time (spent) recently with family and friends has reinforced that they'd like to do more of that in the future,\" Happe said. \"And families and individuals will be reevaluating how they spend their leisure time going forward.\"Airbnb pointed to another sign of this trend among leisure and travel stocks. Instead of booking studio apartments in cities, more customers are booking entire homes with more bedrooms. As a result, the number of guests per reservation has increased.Work-Life RebalanceAs people pay closer attention to their well-being post-Covid, another trend to watch is high-end wellness tourism with a focus on fitness, rejuvenation and health, Weissman says. That includes yoga and spa getaways as well as packages that offer cycling and hiking activities.Meanwhile, the work-from-home shift allowed people to rethink other aspects of their lifestyle. In particular, they can try to balance work, leisure and travel differently.Wedbush analyst James Hardiman says \"2020 was proof of concept that people can be productive, even more productive, while working remotely.\"Airbnb says the share of bookings longer than 28 days jumped to 24% in Q1 from 14% in 2019. The company doesn't consider this travel.\"People are not just traveling on Airbnb,\" Chesky said. \"They're now living on Airbnb.\"Future Of Business Travel?That also has implications for business travel, which is the most lucrative segment for travel stocks like airlines.Experts say fewer workers may fly for one-day intracompany meetings. However, more crucial business will still require people to fly for in-person meetings.When it's time to show up in person, Airbnb expects workers will travel together more often. That trend also has ramifications for Airbnb stock and others. Employees who work in different cities might stay in one house when they visit headquarters. They could share meals together at the kitchen table in the morning or evening.That may be a welcome change for road warriors, who pop in an out of cities and squeeze in sightseeing along the way.\"They don't miss business travel,\" Chesky said. \"They don't miss standing in line in front of a museum or a landmark … getting a photo with a selfie stick.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":136180817,"gmtCreate":1621999109139,"gmtModify":1704365792776,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Good article.&nbsp;","listText":"Good article.&nbsp;","text":"Good article.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/136180817","repostId":"136198582","repostType":1,"repost":{"id":136198582,"gmtCreate":1621997696746,"gmtModify":1704365758740,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3563421686188310","authorIdStr":"3563421686188310"},"themes":[],"title":"Daily Market Review (US Markets) - 26 May 2021","htmlText":"Well readers would have recalled that I wrote yesterday that 13,700 is an important point, which has to be breached in order for Nasdaq to move higher. Indeed, this proves like the resistance point and Nasdaq 100 futures despite moving higher during the day yesterday, reaching 13,738 (based on what I recalled) in the Asian market afternoon. It came back down gradually throughout the day and post opening of US opening, it went back up again to around 13,730 before \"crashing\" back down in US morning session, seeing an intraday low (before I sleep) at around 13,617....For Dow, it closed at around 34,300 (not the precise point) but at least it is still holding around 1% above 34,000 point. For readers who follow my daily articles, you would know that I have mentioned the 34,000 point a couple","listText":"Well readers would have recalled that I wrote yesterday that 13,700 is an important point, which has to be breached in order for Nasdaq to move higher. Indeed, this proves like the resistance point and Nasdaq 100 futures despite moving higher during the day yesterday, reaching 13,738 (based on what I recalled) in the Asian market afternoon. It came back down gradually throughout the day and post opening of US opening, it went back up again to around 13,730 before \"crashing\" back down in US morning session, seeing an intraday low (before I sleep) at around 13,617....For Dow, it closed at around 34,300 (not the precise point) but at least it is still holding around 1% above 34,000 point. For readers who follow my daily articles, you would know that I have mentioned the 34,000 point a couple","text":"Well readers would have recalled that I wrote yesterday that 13,700 is an important point, which has to be breached in order for Nasdaq to move higher. Indeed, this proves like the resistance point and Nasdaq 100 futures despite moving higher during the day yesterday, reaching 13,738 (based on what I recalled) in the Asian market afternoon. It came back down gradually throughout the day and post opening of US opening, it went back up again to around 13,730 before \"crashing\" back down in US morning session, seeing an intraday low (before I sleep) at around 13,617....For Dow, it closed at around 34,300 (not the precise point) but at least it is still holding around 1% above 34,000 point. For readers who follow my daily articles, you would know that I have mentioned the 34,000 point a couple","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/136198582","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":227,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":181154103,"gmtCreate":1623380444502,"gmtModify":1704202110500,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/600276\">$Jiangsu Hengrui Medicine Co.,Ltd.(600276)$</a>not sure what happened ,my&nbsp;Original qty is 200 and yesterday become 240. I try sold all but only able sell at qty 200. Now left 40 without no cost and all show as gain. Can anyone advise me?&nbsp; Thanks","listText":"<a href=\"https://laohu8.com/S/600276\">$Jiangsu Hengrui Medicine Co.,Ltd.(600276)$</a>not sure what happened ,my&nbsp;Original qty is 200 and yesterday become 240. I try sold all but only able sell at qty 200. Now left 40 without no cost and all show as gain. Can anyone advise me?&nbsp; Thanks","text":"$Jiangsu Hengrui Medicine Co.,Ltd.(600276)$not sure what happened ,my Original qty is 200 and yesterday become 240. I try sold all but only able sell at qty 200. Now left 40 without no cost and all show as gain. Can anyone advise me? Thanks","images":[{"img":"https://static.tigerbbs.com/6f97152df0bacd5a22b3d09c0d55b211","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/181154103","isVote":1,"tweetType":1,"viewCount":1029,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3487241772447969","authorId":"3487241772447969","name":"大锤子啊","avatar":"https://static.tigerbbs.com/f123a3bd6e5f47f0f33b231930f1550d","crmLevel":4,"crmLevelSwitch":0,"idStr":"3487241772447969","authorIdStr":"3487241772447969"},"content":"Ex-power, eldest brother","text":"Ex-power, eldest brother","html":"Ex-power, eldest brother"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":100401209,"gmtCreate":1619625629501,"gmtModify":1704727072669,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Wow&nbsp;","listText":"Wow&nbsp;","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/100401209","repostId":"1131068131","repostType":4,"isVote":1,"tweetType":1,"viewCount":185,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":100401078,"gmtCreate":1619625601094,"gmtModify":1704727072019,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/100401078","repostId":"1131068131","repostType":4,"repost":{"id":"1131068131","pubTimestamp":1619586637,"share":"https://ttm.financial/m/news/1131068131?lang=&edition=fundamental","pubTime":"2021-04-28 13:10","market":"us","language":"en","title":"Facebook Reports Earnings Wednesday. Here Is What to Expect.","url":"https://stock-news.laohu8.com/highlight/detail?id=1131068131","media":"Barrons","summary":"Despite controversy, economic damage to online ads amid Covid-19 pandemic-related economic turmoil, ","content":"<p>Despite controversy, economic damage to online ads amid Covid-19 pandemic-related economic turmoil, and antitrust scrutiny, Facebook is expected to report another blockbuster quarter Wednesday.</p>\n<p>As demonstrated by powerful results last week from Snapchat maker Snap (ticker: SNAP), digital advertising is coming back, fast. Facebook (FB) stands to make even more money than Snap. Analysts expect a net profit of nearly $7 billion, which amounts to $2.61 a share, when Facebook reports results after the closing bell Wednesday.</p>\n<p>Including sales of its virtual reality hardware, and other devices—which are expected contribute to the estimated $452 million to the “Other” revenue segment—Facebook revenue is expected to rise roughly 33% to $23.71 billion. The ad business will contribute revenue of $23.29 billion.</p>\n<p>Facebook is expected to grow its user base by tens of millions as well. Analysts forecast its daily member count will rise to 1.87 billion, and monthly user base will top 2.83 billion. Its monthly user base is expected to reach almost 3 billion (2.99 billion) by the end of the year.</p>\n<p>Beyond advertising, BMO Capital Markets analyst Daniel Salmon&nbsp;wrote in a research note that commerce and shopping are becoming more important for Facebook’s success.</p>\n<p>In March, Facebook chief executive Mark Zuckerberg&nbsp;said there were one million Facebook Shops, and 250 million visitors. Salmon said that if the company discloses the gross merchandise volume, it could help cement the importance to investors of Facebook’s commerce initiatives. Salmon acknowledged that such as disclosure wasn’t likely.</p>\n<p>Investors have been wondering for months about the impact of a change to Apple‘s mobile operating system tech, which finally rolled out this week.</p>\n<p>On Monday, in an update to its iOS operating system,Apple changed its software to ask iPhone and iPad users to opt in to an app’s tracking—a significant departure from the opt out ability buried in the operating system’s settings previously.</p>\n<p>Zuckerberg and&nbsp;Apple&nbsp;(APPL) CEO Tim Cook&nbsp;have sparred over the issue for months. With just over a day’s worth of data, it seems unlikely Facebook will share details about the impact on its users. Previously developers have said it will hurt advertising targeting, and therefore damage ad revenue. It isn’t yet clear exactly what Apple users will do when presented with the choice, or the effectiveness of potential workarounds built by Facebook and others.</p>\n<p>BofA Securities analyst Justin Post wrote that he expects a “modest, low-single digit” impact on advertising spending on the platform since Facebook has had “ample time to prepare and develop workarounds.”</p>\n<p>Facebook finance chief David Wehner&nbsp;has discussed the potential impact on the business in past conference calls, and investors should pay close attention to any updates offered Wednesday. It’s worth noting that Zuckerberg took a less cautious tone in March, saying that he was confident the company will handle the situation. There is also the potential it could positively benefit the company, the CEO said.</p>\n<p>Of the analysts that cover Facebook, 49 rate the stock Buy, six have a Hold, and three rate it a Sell. The average target price is $339, which implies an upside of 12%.</p>\n<p>Barron’s took a positive view of Facebook stock earlier this month. Shares have climbed 2% since the cover story in the April 5 issue, as the S&amp;P 500 index rose 4.1%. Facebook gained 0.7% to $305.02 in Tuesday afternoon trading.</p>","source":"lsy1601382232898","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>Facebook Reports Earnings Wednesday. Here Is What to Expect.</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\">\nFacebook Reports Earnings Wednesday. Here Is What to Expect.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-28 13:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/facebook-reports-earnings-wednesday-here-is-what-to-expect-51619550329?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Despite controversy, economic damage to online ads amid Covid-19 pandemic-related economic turmoil, and antitrust scrutiny, Facebook is expected to report another blockbuster quarter Wednesday.\nAs ...</p>\n\n<a href=\"https://www.barrons.com/articles/facebook-reports-earnings-wednesday-here-is-what-to-expect-51619550329?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.barrons.com/articles/facebook-reports-earnings-wednesday-here-is-what-to-expect-51619550329?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131068131","content_text":"Despite controversy, economic damage to online ads amid Covid-19 pandemic-related economic turmoil, and antitrust scrutiny, Facebook is expected to report another blockbuster quarter Wednesday.\nAs demonstrated by powerful results last week from Snapchat maker Snap (ticker: SNAP), digital advertising is coming back, fast. Facebook (FB) stands to make even more money than Snap. Analysts expect a net profit of nearly $7 billion, which amounts to $2.61 a share, when Facebook reports results after the closing bell Wednesday.\nIncluding sales of its virtual reality hardware, and other devices—which are expected contribute to the estimated $452 million to the “Other” revenue segment—Facebook revenue is expected to rise roughly 33% to $23.71 billion. The ad business will contribute revenue of $23.29 billion.\nFacebook is expected to grow its user base by tens of millions as well. Analysts forecast its daily member count will rise to 1.87 billion, and monthly user base will top 2.83 billion. Its monthly user base is expected to reach almost 3 billion (2.99 billion) by the end of the year.\nBeyond advertising, BMO Capital Markets analyst Daniel Salmon wrote in a research note that commerce and shopping are becoming more important for Facebook’s success.\nIn March, Facebook chief executive Mark Zuckerberg said there were one million Facebook Shops, and 250 million visitors. Salmon said that if the company discloses the gross merchandise volume, it could help cement the importance to investors of Facebook’s commerce initiatives. Salmon acknowledged that such as disclosure wasn’t likely.\nInvestors have been wondering for months about the impact of a change to Apple‘s mobile operating system tech, which finally rolled out this week.\nOn Monday, in an update to its iOS operating system,Apple changed its software to ask iPhone and iPad users to opt in to an app’s tracking—a significant departure from the opt out ability buried in the operating system’s settings previously.\nZuckerberg and Apple (APPL) CEO Tim Cook have sparred over the issue for months. With just over a day’s worth of data, it seems unlikely Facebook will share details about the impact on its users. Previously developers have said it will hurt advertising targeting, and therefore damage ad revenue. It isn’t yet clear exactly what Apple users will do when presented with the choice, or the effectiveness of potential workarounds built by Facebook and others.\nBofA Securities analyst Justin Post wrote that he expects a “modest, low-single digit” impact on advertising spending on the platform since Facebook has had “ample time to prepare and develop workarounds.”\nFacebook finance chief David Wehner has discussed the potential impact on the business in past conference calls, and investors should pay close attention to any updates offered Wednesday. It’s worth noting that Zuckerberg took a less cautious tone in March, saying that he was confident the company will handle the situation. There is also the potential it could positively benefit the company, the CEO said.\nOf the analysts that cover Facebook, 49 rate the stock Buy, six have a Hold, and three rate it a Sell. The average target price is $339, which implies an upside of 12%.\nBarron’s took a positive view of Facebook stock earlier this month. Shares have climbed 2% since the cover story in the April 5 issue, as the S&P 500 index rose 4.1%. Facebook gained 0.7% to $305.02 in Tuesday afternoon trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":87,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376573406,"gmtCreate":1619139176505,"gmtModify":1704720199061,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Continue to grow grow&nbsp;","listText":"Continue to grow grow&nbsp;","text":"Continue to grow grow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/376573406","repostId":"2129336009","repostType":4,"isVote":1,"tweetType":1,"viewCount":131,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189015091,"gmtCreate":1623232511713,"gmtModify":1704198890702,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/189015091","repostId":"1184778465","repostType":4,"repost":{"id":"1184778465","pubTimestamp":1623231449,"share":"https://ttm.financial/m/news/1184778465?lang=&edition=fundamental","pubTime":"2021-06-09 17:37","market":"us","language":"en","title":"GameStop’s Five Year Trajectory Is Tenuous","url":"https://stock-news.laohu8.com/highlight/detail?id=1184778465","media":"investorplace","summary":"GME management is trying to steer the ship to calmer waters, but they have a tough task ahead of the","content":"<blockquote>\n GME management is trying to steer the ship to calmer waters, but they have a tough task ahead of them.\n</blockquote>\n<p>The meme stock to end all meme stocks,<b>GameStop</b>(NYSE:<b><u>GME</u></b>), is finally losing a bit of steam.</p>\n<p><img src=\"https://static.tigerbbs.com/fad4cc5efbfe451ae077b63db0741041\" tg-width=\"300\" tg-height=\"169\" referrerpolicy=\"no-referrer\">Source: Shutterstock</p>\n<p>Shares cooled off last Thursday after volatility across the broader markets pushed the major indices in the red. However, retail investors have bid up the stock, and shares are more than double their May low of $136.50. Meanwhile, in the first two hours of June 8, the price has risen nearly 17% to a high of $344.66 and then dropped even lower than its starting price.</p>\n<p>Many investors are hoping that a digital transformation will help the company mount a much-needed turnaround — GameStop has a long-term vision of transforming from a brick-and-mortar retail company into a digital enterprise.</p>\n<p>However, this is easier said than done.</p>\n<p>As I have mentionedin prior articles, GameStop was struggling long before the pandemic. The top line is consistently declining over the last five years as it tries to keep up with<b>Sony</b>(NYSE:<b><u>SONY</u></b>),<b>Microsoft</b>(NASDAQ:<b><u>MSFT</u></b>), and<b>Amazon</b>(NASDAQ:<b><u>AMZN</u></b>), competitors who are increasingly relying on digital innovation for their future success. Not the case when it comes to GME.</p>\n<p>Hence, even though the temptation to join in is there, I will still advise you to stay miles away from this one.</p>\n<p><b>Flawed Fundamentals</b></p>\n<p>Through the end of 2020, GameStop’s sales reportedlydropped more than 30% per quarter, dropping in 10 out of 11 of its previous quarters. In the last decade, the video game retailer has had several years with negative revenue growth. If we take a look at the data from the last 12 quarters, GME has reported a “positive” surprisejust four times. GME had an operating income of $648 million in 2015. Last year, the company was sitting at a $238 million operating loss.</p>\n<p>In many ways, GME reminds me of<b>Dish Network’s</b>(NASDAQ:<b><u>DISH</u></b>) Blockbuster. There was a time when it looked like the home movie provider could do no wrong. However, it has become a cautionary tale of not evolving with the times. In 2004 then CEO of Blockbuster John Antioco understood the need to invest in an online platform. However, he faced stiff opposition from activist investor Carl Icahn who disagreed and removed him. In five years, the company was bankrupt.</p>\n<p>Understandably, if GME wants to avoid this future, it must think outside of the box and focus on building its digital platform. The good thing is that when George E. Sherman took the helm as GameStop’s new CEO in April 2019, he had two things in mind: reducing costs on the brick-and-mortar business and expanding the digital platform.</p>\n<p>The strategy is working. On Jan. 11, the video gamereportedworldwide sales results reflecting a 4.8% increase in comparable-store sales and a 309% increase in e-commerce sales.</p>\n<p>But the company’s e-commerce setup still does not compare in any way to Amazon or Sony.</p>\n<p><b>Beginning of the End</b></p>\n<p>The biggest question surrounding GME stock is whether it is best to count your blessings and exit. Shares are still up over 80% in a month, so Redditors still like this stock — GME and<b>AMC</b>(NYSE:<b><u>AMC</u></b>) have traded spots several times for the most popular choice among members of the platform.</p>\n<p>However, you have to ask yourself where GME stock will be in five years. Our very own Chris Markochwrote a great articleabout<b>Disney</b>(NYSE:<b><u>DIS</u></b>). He wrote, “If you had purchased shares of DIS stock on Jan. 7, 2000 and never sold your shares, you are sitting on a share price gain of over 470%. That doesn’t include any dividend gains you may have reinvested over that time.”</p>\n<p>In the article, he highlights how Disney did not sit on its haunches and has transformed itself into one of the biggest conglomerates in the world.</p>\n<p>Although new GME management deserves credit for pivoting the company into a new direction, it will take time to alleviate the issues that ail the video game retailer and move forward with a coherent strategy. Reddit enthusiasm notwithstanding, a lot of work still needs to be done before GME stock is a viable investment again.</p>\n<p><b>My Final Word</b></p>\n<p>For a long time now, I have been advocating against loading up on GME stock because of the flawed fundamentals. But does that mean that another rally is not around the corner? For sure, one cannot say that considering time and again, Redditors have shown their resilience when it comes to this company.</p>\n<p>In many ways, GME stock has become iconic because of thesupport it has receivedfrom r/WallStreetBets. I do not expect that to change anytime soon. However, is this a stock that you can buy and keep for the next five years? According to the fundamentals, if you do that, it will be a bad decision.</p>\n<p><i>On the date of publication, Faizan Farooque</i><i>did not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;Publishing Guidelines.</i></p>","source":"lsy1606302653667","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>GameStop’s Five Year Trajectory Is Tenuous</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\">\nGameStop’s Five Year Trajectory Is Tenuous\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 17:37 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/gamestops-five-year-trajectory-is-tenuous/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>GME management is trying to steer the ship to calmer waters, but they have a tough task ahead of them.\n\nThe meme stock to end all meme stocks,GameStop(NYSE:GME), is finally losing a bit of steam.\n...</p>\n\n<a href=\"https://investorplace.com/2021/06/gamestops-five-year-trajectory-is-tenuous/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GME":"游戏驿站"},"source_url":"https://investorplace.com/2021/06/gamestops-five-year-trajectory-is-tenuous/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184778465","content_text":"GME management is trying to steer the ship to calmer waters, but they have a tough task ahead of them.\n\nThe meme stock to end all meme stocks,GameStop(NYSE:GME), is finally losing a bit of steam.\nSource: Shutterstock\nShares cooled off last Thursday after volatility across the broader markets pushed the major indices in the red. However, retail investors have bid up the stock, and shares are more than double their May low of $136.50. Meanwhile, in the first two hours of June 8, the price has risen nearly 17% to a high of $344.66 and then dropped even lower than its starting price.\nMany investors are hoping that a digital transformation will help the company mount a much-needed turnaround — GameStop has a long-term vision of transforming from a brick-and-mortar retail company into a digital enterprise.\nHowever, this is easier said than done.\nAs I have mentionedin prior articles, GameStop was struggling long before the pandemic. The top line is consistently declining over the last five years as it tries to keep up withSony(NYSE:SONY),Microsoft(NASDAQ:MSFT), andAmazon(NASDAQ:AMZN), competitors who are increasingly relying on digital innovation for their future success. Not the case when it comes to GME.\nHence, even though the temptation to join in is there, I will still advise you to stay miles away from this one.\nFlawed Fundamentals\nThrough the end of 2020, GameStop’s sales reportedlydropped more than 30% per quarter, dropping in 10 out of 11 of its previous quarters. In the last decade, the video game retailer has had several years with negative revenue growth. If we take a look at the data from the last 12 quarters, GME has reported a “positive” surprisejust four times. GME had an operating income of $648 million in 2015. Last year, the company was sitting at a $238 million operating loss.\nIn many ways, GME reminds me ofDish Network’s(NASDAQ:DISH) Blockbuster. There was a time when it looked like the home movie provider could do no wrong. However, it has become a cautionary tale of not evolving with the times. In 2004 then CEO of Blockbuster John Antioco understood the need to invest in an online platform. However, he faced stiff opposition from activist investor Carl Icahn who disagreed and removed him. In five years, the company was bankrupt.\nUnderstandably, if GME wants to avoid this future, it must think outside of the box and focus on building its digital platform. The good thing is that when George E. Sherman took the helm as GameStop’s new CEO in April 2019, he had two things in mind: reducing costs on the brick-and-mortar business and expanding the digital platform.\nThe strategy is working. On Jan. 11, the video gamereportedworldwide sales results reflecting a 4.8% increase in comparable-store sales and a 309% increase in e-commerce sales.\nBut the company’s e-commerce setup still does not compare in any way to Amazon or Sony.\nBeginning of the End\nThe biggest question surrounding GME stock is whether it is best to count your blessings and exit. Shares are still up over 80% in a month, so Redditors still like this stock — GME andAMC(NYSE:AMC) have traded spots several times for the most popular choice among members of the platform.\nHowever, you have to ask yourself where GME stock will be in five years. Our very own Chris Markochwrote a great articleaboutDisney(NYSE:DIS). He wrote, “If you had purchased shares of DIS stock on Jan. 7, 2000 and never sold your shares, you are sitting on a share price gain of over 470%. That doesn’t include any dividend gains you may have reinvested over that time.”\nIn the article, he highlights how Disney did not sit on its haunches and has transformed itself into one of the biggest conglomerates in the world.\nAlthough new GME management deserves credit for pivoting the company into a new direction, it will take time to alleviate the issues that ail the video game retailer and move forward with a coherent strategy. Reddit enthusiasm notwithstanding, a lot of work still needs to be done before GME stock is a viable investment again.\nMy Final Word\nFor a long time now, I have been advocating against loading up on GME stock because of the flawed fundamentals. But does that mean that another rally is not around the corner? For sure, one cannot say that considering time and again, Redditors have shown their resilience when it comes to this company.\nIn many ways, GME stock has become iconic because of thesupport it has receivedfrom r/WallStreetBets. I do not expect that to change anytime soon. However, is this a stock that you can buy and keep for the next five years? According to the fundamentals, if you do that, it will be a bad decision.\nOn the date of publication, Faizan Farooquedid not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.","news_type":1},"isVote":1,"tweetType":1,"viewCount":59,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":372211467,"gmtCreate":1619220324859,"gmtModify":1704721356688,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Wow&nbsp;","listText":"Wow&nbsp;","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/372211467","repostId":"1128911279","repostType":4,"repost":{"id":"1128911279","pubTimestamp":1619161805,"share":"https://ttm.financial/m/news/1128911279?lang=&edition=fundamental","pubTime":"2021-04-23 15:10","market":"us","language":"en","title":"Would Tax Hikes Spell Doom for the Stock Market?","url":"https://stock-news.laohu8.com/highlight/detail?id=1128911279","media":"Motley Fool","summary":"Investors got spooked by a potential boost to capital-gains rates for high-income taxpayers.The stoc","content":"<p>Investors got spooked by a potential boost to capital-gains rates for high-income taxpayers.</p><p>The stock market had a turbulent day on Thursday, with initial gains during the first half of the trading session giving way to sharper losses in the mid-afternoon. By the end of the day, the&nbsp;<b>Dow Jones Industrial Average</b>&nbsp;(DJINDICES:^DJI),<b>S&amp;P 500</b>&nbsp;(SNPINDEX:^GSPC), and&nbsp;<b>Nasdaq Composite</b>&nbsp;(NASDAQINDEX:^IXIC)were all down close to 1% on the day, reversing most of the positive momentum that Wall Street built up in the previous day's session on Wednesday.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bffd9c86b9306074ca1ff042f238caed\" tg-width=\"1152\" tg-height=\"333\" referrerpolicy=\"no-referrer\"><span>DATA SOURCE: YAHOO! FINANCE.</span></p><p>The midday decline came amid reports that the Biden administration would propose tax increases on high-income taxpayers. The proposal targets a provision that long-term investors have taken advantage of for decades: the favorable&nbsp;tax rate on capital gains, the profits they realize when they sell stocks or other investments.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/eeff2a6b63b58cdea2311005593d3979\" tg-width=\"2000\" tg-height=\"1332\" referrerpolicy=\"no-referrer\"><span>IMAGE SOURCE: GETTY IMAGES.</span></p><p><b>What taxes could go up, and on whom?</b></p><p>The proposal, as reported, would affect the way long-term capital gains get taxed for those with incomes above $1 million. Currently, investors pay the same tax rates on short-term capital gains on investments held for a year or less as they do on most other forms of income, such as wages and salaries or interest. However, if an investor holds onto an investment for longer than a year and then sells it, long-term capital-gains tax treatment applies.</p><p>Although the brackets aren't exactly aligned, in general, those who pay 10% or 12% in tax on ordinary income pay 0% on their long-term capital gains. Those paying 22% to 35% typically pay a 15% long-term capital-gains tax, while top-bracket taxpayers whose ordinary income tax rate is 37% have a 20% maximum rate on their investment gains for assets held long term.</p><p>Under the proposed new rules, favorable tax treatment for long-term capital gains would remain completely in place for everyone in the first two groups and even for many in the third group. However, for taxpayers with incomes above $1 million, the lower long-term capital-gains tax rates would go away and they'd instead have to pay ordinary income tax rates on those gains, as well.</p><p><b>Why investors shouldn't be surprised</b></p><p>The reported proposal isn't a new one. Biden&nbsp;discussed it during the 2020 presidential campaign&nbsp;as one of the aspects of his broader tax plan. It's likely that the final version of any actual bill introduced in Congress would also include an increase in the top tax bracket to 39.6%, which was the level in effect immediately before tax-reform efforts made major changes to tax laws for the 2018 tax year.</p><p>Moreover, the legislation is far from a done deal. Even with Democrats having control of both houses of Congress and the White House, the margins are razor-thin. Already, some Democratic lawmakers have balked at tax-policy proposals, and in the Senate, the loss of even a single vote would be sufficient to prevent a tax bill from becoming law.</p><p><b>Is a stock market crash imminent?</b></p><p>It's understandable that investors would worry that a capital-gains tax hike might cause the stock market to drop. If investors sell their stocks now to lock in current lower rates, it could create short-term selling pressure. In the long run, though, the fundamentals of underlying businesses should still control share-price movements.</p><p>Moreover, this wouldn't be the first time capital-gains taxes have risen. In 2012, maximum capital-gains rates rose from 15% to 20%. Yet that didn't stop U.S. stocks from continuing what would eventually become a decade-long bull market.</p><p>Tax-law changes require some planning, but investors shouldn't change their entire investing strategy because of taxes. Letting them&nbsp;<i>define</i>&nbsp;how you invest can be a huge mistake and distract you from the task of finding the best companies and owning their shares for the long haul.</p><p>Read more:<a href=\"https://laohu8.com/NW/1180283228\" target=\"_blank\">Stocks Will Get Over Their Big Biden Tax Wobble</a></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Would Tax Hikes Spell Doom for the Stock Market?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWould Tax Hikes Spell Doom for the Stock Market?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-23 15:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/04/22/would-tax-hikes-spell-doom-for-the-stock-market/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investors got spooked by a potential boost to capital-gains rates for high-income taxpayers.The stock market had a turbulent day on Thursday, with initial gains during the first half of the trading ...</p>\n\n<a href=\"https://www.fool.com/investing/2021/04/22/would-tax-hikes-spell-doom-for-the-stock-market/\">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",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.fool.com/investing/2021/04/22/would-tax-hikes-spell-doom-for-the-stock-market/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1128911279","content_text":"Investors got spooked by a potential boost to capital-gains rates for high-income taxpayers.The stock market had a turbulent day on Thursday, with initial gains during the first half of the trading session giving way to sharper losses in the mid-afternoon. By the end of the day, the Dow Jones Industrial Average (DJINDICES:^DJI),S&P 500 (SNPINDEX:^GSPC), and Nasdaq Composite (NASDAQINDEX:^IXIC)were all down close to 1% on the day, reversing most of the positive momentum that Wall Street built up in the previous day's session on Wednesday.DATA SOURCE: YAHOO! FINANCE.The midday decline came amid reports that the Biden administration would propose tax increases on high-income taxpayers. The proposal targets a provision that long-term investors have taken advantage of for decades: the favorable tax rate on capital gains, the profits they realize when they sell stocks or other investments.IMAGE SOURCE: GETTY IMAGES.What taxes could go up, and on whom?The proposal, as reported, would affect the way long-term capital gains get taxed for those with incomes above $1 million. Currently, investors pay the same tax rates on short-term capital gains on investments held for a year or less as they do on most other forms of income, such as wages and salaries or interest. However, if an investor holds onto an investment for longer than a year and then sells it, long-term capital-gains tax treatment applies.Although the brackets aren't exactly aligned, in general, those who pay 10% or 12% in tax on ordinary income pay 0% on their long-term capital gains. Those paying 22% to 35% typically pay a 15% long-term capital-gains tax, while top-bracket taxpayers whose ordinary income tax rate is 37% have a 20% maximum rate on their investment gains for assets held long term.Under the proposed new rules, favorable tax treatment for long-term capital gains would remain completely in place for everyone in the first two groups and even for many in the third group. However, for taxpayers with incomes above $1 million, the lower long-term capital-gains tax rates would go away and they'd instead have to pay ordinary income tax rates on those gains, as well.Why investors shouldn't be surprisedThe reported proposal isn't a new one. Biden discussed it during the 2020 presidential campaign as one of the aspects of his broader tax plan. It's likely that the final version of any actual bill introduced in Congress would also include an increase in the top tax bracket to 39.6%, which was the level in effect immediately before tax-reform efforts made major changes to tax laws for the 2018 tax year.Moreover, the legislation is far from a done deal. Even with Democrats having control of both houses of Congress and the White House, the margins are razor-thin. Already, some Democratic lawmakers have balked at tax-policy proposals, and in the Senate, the loss of even a single vote would be sufficient to prevent a tax bill from becoming law.Is a stock market crash imminent?It's understandable that investors would worry that a capital-gains tax hike might cause the stock market to drop. If investors sell their stocks now to lock in current lower rates, it could create short-term selling pressure. In the long run, though, the fundamentals of underlying businesses should still control share-price movements.Moreover, this wouldn't be the first time capital-gains taxes have risen. In 2012, maximum capital-gains rates rose from 15% to 20%. Yet that didn't stop U.S. stocks from continuing what would eventually become a decade-long bull market.Tax-law changes require some planning, but investors shouldn't change their entire investing strategy because of taxes. Letting them define how you invest can be a huge mistake and distract you from the task of finding the best companies and owning their shares for the long haul.Read more:Stocks Will Get Over Their Big Biden Tax Wobble","news_type":1},"isVote":1,"tweetType":1,"viewCount":111,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376572920,"gmtCreate":1619139280160,"gmtModify":1704720203912,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Continue to grow&nbsp; grow&nbsp;","listText":"Continue to grow&nbsp; grow&nbsp;","text":"Continue to grow grow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/376572920","repostId":"2129336009","repostType":4,"repost":{"id":"2129336009","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1619133392,"share":"https://ttm.financial/m/news/2129336009?lang=&edition=fundamental","pubTime":"2021-04-23 07:16","market":"us","language":"en","title":"Snap adds more users than Wall Street expected; growth slows in N. America","url":"https://stock-news.laohu8.com/highlight/detail?id=2129336009","media":"Reuters","summary":"April 22 (Reuters) - Snap Inc on Thursday beat Wall Street estimates for user growth and revenue as ","content":"<p>April 22 (Reuters) - <a href=\"https://laohu8.com/S/SNAP\">Snap Inc</a> on Thursday beat Wall Street estimates for user growth and revenue as the improved Android version of its popular messaging app Snapchat attracted more users, but growth slowed within North America.</p><p>Shares of Snap rose 5% in trading after the bell.</p><p><img src=\"https://static.tigerbbs.com/4af947f3d623a7c7f55640fb163cc158\" tg-width=\"1116\" tg-height=\"493\" referrerpolicy=\"no-referrer\"></p><p>Daily active users (DAUs), a metric closely watched by investors and advertisers, rose 22% year-over-year to 280 million in the first quarter. Analysts had expected 275.3 million, according to IBES data from Refinitiv.</p><p>Most of the user growth came from outside the United States and Canada, where Snap earns much of its revenue.</p><p>North American DAU grew 1 million from the previous quarter to 93 million.</p><p>Snap embarked on rebuilding its Android app, which struggled with technical bugs, back in 2018. Snapchat's Android user base now exceeds those on Apple iOS for the first time, the company said.</p><p>As more people downloaded the new app outside the United States, where Android phones dominate over iPhones, Snap added support for more languages and added more media content geared toward audiences in certain countries.</p><p>It launched an original show called \"Phone Swap India\" in March on the Discover section of Snapchat, which houses original content and shows from media partners.</p><p>Revenue, which Snap generates mainly from advertising, grew 66% to $770 million in the quarter ended March 31, beating Wall Street's consensus estimate of $743 million.</p><p>Snap has increasingly invested in augmented reality technology, betting that it can help brands market products like clothes and makeup to tech-savvy young users.</p><p>In March, Snap acquired Fit Analytics, a tech company that helps customers virtually determine if clothing will fit.</p><p>\"Augmented reality remains <a href=\"https://laohu8.com/S/AONE\">one</a> of our biggest opportunities as we look to the future,\" said Snap Chief Executive Evan Spiegel, in prepared remarks released before an earnings call with analysts.</p><p>Snap's net loss narrowed to $286.9 million, or 19 cents per share, from $305.9 million, or 21 cents per share, a year earlier.</p><p>(Reporting by Sheila Dang; Editing by Lisa Shumaker)</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>Snap adds more users than Wall Street expected; growth slows in N. America</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\">\nSnap adds more users than Wall Street expected; growth slows in N. America\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-04-23 07:16</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>April 22 (Reuters) - <a href=\"https://laohu8.com/S/SNAP\">Snap Inc</a> on Thursday beat Wall Street estimates for user growth and revenue as the improved Android version of its popular messaging app Snapchat attracted more users, but growth slowed within North America.</p><p>Shares of Snap rose 5% in trading after the bell.</p><p><img src=\"https://static.tigerbbs.com/4af947f3d623a7c7f55640fb163cc158\" tg-width=\"1116\" tg-height=\"493\" referrerpolicy=\"no-referrer\"></p><p>Daily active users (DAUs), a metric closely watched by investors and advertisers, rose 22% year-over-year to 280 million in the first quarter. Analysts had expected 275.3 million, according to IBES data from Refinitiv.</p><p>Most of the user growth came from outside the United States and Canada, where Snap earns much of its revenue.</p><p>North American DAU grew 1 million from the previous quarter to 93 million.</p><p>Snap embarked on rebuilding its Android app, which struggled with technical bugs, back in 2018. Snapchat's Android user base now exceeds those on Apple iOS for the first time, the company said.</p><p>As more people downloaded the new app outside the United States, where Android phones dominate over iPhones, Snap added support for more languages and added more media content geared toward audiences in certain countries.</p><p>It launched an original show called \"Phone Swap India\" in March on the Discover section of Snapchat, which houses original content and shows from media partners.</p><p>Revenue, which Snap generates mainly from advertising, grew 66% to $770 million in the quarter ended March 31, beating Wall Street's consensus estimate of $743 million.</p><p>Snap has increasingly invested in augmented reality technology, betting that it can help brands market products like clothes and makeup to tech-savvy young users.</p><p>In March, Snap acquired Fit Analytics, a tech company that helps customers virtually determine if clothing will fit.</p><p>\"Augmented reality remains <a href=\"https://laohu8.com/S/AONE\">one</a> of our biggest opportunities as we look to the future,\" said Snap Chief Executive Evan Spiegel, in prepared remarks released before an earnings call with analysts.</p><p>Snap's net loss narrowed to $286.9 million, or 19 cents per share, from $305.9 million, or 21 cents per share, a year earlier.</p><p>(Reporting by Sheila Dang; Editing by Lisa Shumaker)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SNAP":"Snap Inc","03086":"华夏纳指","09086":"华夏纳指-U"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2129336009","content_text":"April 22 (Reuters) - Snap Inc on Thursday beat Wall Street estimates for user growth and revenue as the improved Android version of its popular messaging app Snapchat attracted more users, but growth slowed within North America.Shares of Snap rose 5% in trading after the bell.Daily active users (DAUs), a metric closely watched by investors and advertisers, rose 22% year-over-year to 280 million in the first quarter. Analysts had expected 275.3 million, according to IBES data from Refinitiv.Most of the user growth came from outside the United States and Canada, where Snap earns much of its revenue.North American DAU grew 1 million from the previous quarter to 93 million.Snap embarked on rebuilding its Android app, which struggled with technical bugs, back in 2018. Snapchat's Android user base now exceeds those on Apple iOS for the first time, the company said.As more people downloaded the new app outside the United States, where Android phones dominate over iPhones, Snap added support for more languages and added more media content geared toward audiences in certain countries.It launched an original show called \"Phone Swap India\" in March on the Discover section of Snapchat, which houses original content and shows from media partners.Revenue, which Snap generates mainly from advertising, grew 66% to $770 million in the quarter ended March 31, beating Wall Street's consensus estimate of $743 million.Snap has increasingly invested in augmented reality technology, betting that it can help brands market products like clothes and makeup to tech-savvy young users.In March, Snap acquired Fit Analytics, a tech company that helps customers virtually determine if clothing will fit.\"Augmented reality remains one of our biggest opportunities as we look to the future,\" said Snap Chief Executive Evan Spiegel, in prepared remarks released before an earnings call with analysts.Snap's net loss narrowed to $286.9 million, or 19 cents per share, from $305.9 million, or 21 cents per share, a year earlier.(Reporting by Sheila Dang; Editing by Lisa Shumaker)","news_type":1},"isVote":1,"tweetType":1,"viewCount":233,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802739788,"gmtCreate":1627804808644,"gmtModify":1703496125913,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Yes&nbsp;","listText":"Yes&nbsp;","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/802739788","repostId":"1147877145","repostType":2,"repost":{"id":"1147877145","pubTimestamp":1627784916,"share":"https://ttm.financial/m/news/1147877145?lang=&edition=fundamental","pubTime":"2021-08-01 10:28","market":"us","language":"en","title":"Expect More Underwhelming Performance for SoFi Shares","url":"https://stock-news.laohu8.com/highlight/detail?id=1147877145","media":"InvestorPlace","summary":"The odds of a rapid rebound for fintech play SOFI stock appear dim.\n\nAsSoFiTechnologies(NASDAQ:SOFI)","content":"<blockquote>\n <b>The odds of a rapid rebound for fintech play SOFI stock appear dim.</b>\n</blockquote>\n<p>As<b>SoFiTechnologies</b>(NASDAQ:<b><u>SOFI</u></b>) stock falls back to around $15 per share, is now the time to buy? Not really. Over a long enough timeframe, entering a position in the fintech company’s shares right now could end up being a highly profitable move.</p>\n<p>Assuming of course, that it becomes the next<b>PayPal</b>(NASDAQ:<b><u>PYPL</u></b>) or<b>Square</b>(NYSE:<b><u>SQ</u></b>). Even so, that doesn’t mean there’s an urgent need to rush out and buy it today. More likely than not, the stock will deliver underwhelming returns in the months ahead.</p>\n<p>Why? The negative factors that have been weighing down on growth stocks. First, the risk that a hike in interest rates will result in avaluation contraction for richly priced namessuch as this one. Second, slowing economic growth could be another risk for shares. If today’s booming economy takes a breather, it may be tough for SoFi to deliver the blockbuster quarterly results investors expect from it.</p>\n<p>With the possibility of it languishing at $15 per share. Or worse yet, falling to $10 per share or less, the best move hasn’t changed in the past month. If you’re still bullish on it? Take your time when it comes to entering a position.</p>\n<p><b>SOFI Stock and Possible Further Downside</b></p>\n<p>After itsJune 1 deSPACing, SoFi shares seemed primed to make a comeback. Not only that, it seemed like the reputation of Chamath Palihapitiya, the sponsor of this former SPAC (special purpose acquisition company) was making a comeback as well.</p>\n<p>Yet, flash-forward around two months, and it seems like things are getting to where they were after last spring’s“SPAC Wipeout.”Investors haven’t shown much interest in Palihapitiya’slatest SPAC venture has been met with a yawn. Shares in his higher-profile holdings, like SOFI stock, along with<b>Clover Health</b>(NASDAQ:<b><u>CLOV</u></b>) stock have again lost their luster as well.</p>\n<p>SoFi has fallen back once again. But don’t assume it’s bottomed out. Not as much to do with any issues with the company itself. Instead, due to economy-wide factors that may result in it making another move to lower price levels. Again, as I’ve discussed previously, rising interest rates could have a big negative impact on its share price. Even as rising rates will be good for the company’s lending operations, this could be more than countered by valuation contraction.</p>\n<p>Giving things another look, it’s clear there’s another risk factor that could knock down the stock once again. That’s the potential for economic growth to start slowing down.</p>\n<p><b>High Valuation</b></p>\n<p>SOFI stock may be down big from its all-time high. But at today’s levels, it remains a “priced for perfection” situation. With projections calling for high double-digit growth, and recent results pointing to itbeating guidance, investors continue to have no trouble giving this stock a rich valuation.</p>\n<p>At $15 per share, shares trade for around 8.4x estimated 2022 revenues. Some, including<i>InvestorPlace’s</i>Larry Ramer, have questioned whether it makes sense to value this companymore like a tech firm than a bank. I also see this as an area of concern. Yet I don’t expect this factor alone to be what knocks it down to lower prices.</p>\n<p>What will? Again, it’s a sooner-than-expected rise in interest rates that could send shares down to even lower prices. But that’s not the only thing that could do so. Even if the Federal Reserve doesn’t turn on a dime, and shift from dovish to hawkish monetary policy, SOFI stock could find itself in trouble. How? If it starts delivering disappointing quarterly results.</p>\n<p>Sure, this may not happen in the immediate future. Yet, the above-average economic growth seen during the pandemic recovery/reopeningcould be running out of gas. If the economy starts to slow? It may get tougher for SoFi to live up to the high expectations currently priced into shares. Along with the valuation contraction risk, this is something else that could it down before it starts to rally once again.</p>\n<p><b>No Rush to Dive in at Today’s Prices</b></p>\n<p>Now may seem like an opportune time to scoop up SoFi shares on the cheap. But after selling off again, I wouldn’t expect any sort of rapid recovery. Just like a few weeks back, the risk of valuation contraction runs high. As more comes out of today’s still-booming economy could be set to slow down? The risk of underwhelming results in future quarters is starting to loom as well.</p>\n<p>So, with more negatives than positives, SOFI stock is likely to either going to trade sideways in the short term or worse, head down to lower prices. With this in mind, even investors who believe it’s a long-term winner shouldn’t hastily dive into it.</p>","source":"lsy1606302653667","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>Expect More Underwhelming Performance for SoFi Shares</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\">\nExpect More Underwhelming Performance for SoFi Shares\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-01 10:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/07/sofi-stock-expect-continued-underwhelming-performance/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The odds of a rapid rebound for fintech play SOFI stock appear dim.\n\nAsSoFiTechnologies(NASDAQ:SOFI) stock falls back to around $15 per share, is now the time to buy? Not really. Over a long enough ...</p>\n\n<a href=\"https://investorplace.com/2021/07/sofi-stock-expect-continued-underwhelming-performance/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SOFI":"SoFi Technologies Inc."},"source_url":"https://investorplace.com/2021/07/sofi-stock-expect-continued-underwhelming-performance/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147877145","content_text":"The odds of a rapid rebound for fintech play SOFI stock appear dim.\n\nAsSoFiTechnologies(NASDAQ:SOFI) stock falls back to around $15 per share, is now the time to buy? Not really. Over a long enough timeframe, entering a position in the fintech company’s shares right now could end up being a highly profitable move.\nAssuming of course, that it becomes the nextPayPal(NASDAQ:PYPL) orSquare(NYSE:SQ). Even so, that doesn’t mean there’s an urgent need to rush out and buy it today. More likely than not, the stock will deliver underwhelming returns in the months ahead.\nWhy? The negative factors that have been weighing down on growth stocks. First, the risk that a hike in interest rates will result in avaluation contraction for richly priced namessuch as this one. Second, slowing economic growth could be another risk for shares. If today’s booming economy takes a breather, it may be tough for SoFi to deliver the blockbuster quarterly results investors expect from it.\nWith the possibility of it languishing at $15 per share. Or worse yet, falling to $10 per share or less, the best move hasn’t changed in the past month. If you’re still bullish on it? Take your time when it comes to entering a position.\nSOFI Stock and Possible Further Downside\nAfter itsJune 1 deSPACing, SoFi shares seemed primed to make a comeback. Not only that, it seemed like the reputation of Chamath Palihapitiya, the sponsor of this former SPAC (special purpose acquisition company) was making a comeback as well.\nYet, flash-forward around two months, and it seems like things are getting to where they were after last spring’s“SPAC Wipeout.”Investors haven’t shown much interest in Palihapitiya’slatest SPAC venture has been met with a yawn. Shares in his higher-profile holdings, like SOFI stock, along withClover Health(NASDAQ:CLOV) stock have again lost their luster as well.\nSoFi has fallen back once again. But don’t assume it’s bottomed out. Not as much to do with any issues with the company itself. Instead, due to economy-wide factors that may result in it making another move to lower price levels. Again, as I’ve discussed previously, rising interest rates could have a big negative impact on its share price. Even as rising rates will be good for the company’s lending operations, this could be more than countered by valuation contraction.\nGiving things another look, it’s clear there’s another risk factor that could knock down the stock once again. That’s the potential for economic growth to start slowing down.\nHigh Valuation\nSOFI stock may be down big from its all-time high. But at today’s levels, it remains a “priced for perfection” situation. With projections calling for high double-digit growth, and recent results pointing to itbeating guidance, investors continue to have no trouble giving this stock a rich valuation.\nAt $15 per share, shares trade for around 8.4x estimated 2022 revenues. Some, includingInvestorPlace’sLarry Ramer, have questioned whether it makes sense to value this companymore like a tech firm than a bank. I also see this as an area of concern. Yet I don’t expect this factor alone to be what knocks it down to lower prices.\nWhat will? Again, it’s a sooner-than-expected rise in interest rates that could send shares down to even lower prices. But that’s not the only thing that could do so. Even if the Federal Reserve doesn’t turn on a dime, and shift from dovish to hawkish monetary policy, SOFI stock could find itself in trouble. How? If it starts delivering disappointing quarterly results.\nSure, this may not happen in the immediate future. Yet, the above-average economic growth seen during the pandemic recovery/reopeningcould be running out of gas. If the economy starts to slow? It may get tougher for SoFi to live up to the high expectations currently priced into shares. Along with the valuation contraction risk, this is something else that could it down before it starts to rally once again.\nNo Rush to Dive in at Today’s Prices\nNow may seem like an opportune time to scoop up SoFi shares on the cheap. But after selling off again, I wouldn’t expect any sort of rapid recovery. Just like a few weeks back, the risk of valuation contraction runs high. As more comes out of today’s still-booming economy could be set to slow down? The risk of underwhelming results in future quarters is starting to loom as well.\nSo, with more negatives than positives, SOFI stock is likely to either going to trade sideways in the short term or worse, head down to lower prices. With this in mind, even investors who believe it’s a long-term winner shouldn’t hastily dive into it.","news_type":1},"isVote":1,"tweetType":1,"viewCount":382,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187927950,"gmtCreate":1623736245270,"gmtModify":1704209987766,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Read.&nbsp;","listText":"Read.&nbsp;","text":"Read.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/187927950","repostId":"1138219989","repostType":4,"repost":{"id":"1138219989","pubTimestamp":1623650085,"share":"https://ttm.financial/m/news/1138219989?lang=&edition=fundamental","pubTime":"2021-06-14 13:54","market":"us","language":"en","title":"What to Expect in This Week’s Federal Reserve Meeting","url":"https://stock-news.laohu8.com/highlight/detail?id=1138219989","media":"Barrons","summary":"As the Federal Open Market Committee holds its regular policy meeting this coming week, once again a","content":"<p>As the Federal Open Market Committee holds its regular policy meeting this coming week, once again analysts and investors should flip the Nixon-era cliché and watch what they say, not what they do. What everybody wants to know is whether the panel finally has gotten around to talking about talking about moving away from its ubereasy monetary policy.</p>\n<p>We all know that the FOMC won’t take any substantive steps in terms of its massive securities purchases, which are still running at $120 billion a month. As for its key federal-funds rate target, that’s stuck at 0% to 0.25% (although there’s an outside chance of technical tweaking of some other Fed-administered rates to address the billions in excess cash sloshing around in the money markets).</p>\n<p>We’ll be looking for what’s in the FOMC’s formal policy statement and the panel’s updated Summary of Economic Projections, which will include the amalgam of the committee members’ guesses on key economic gauges, such as gross domestic product, inflation, and unemployment. Most likely, when that is posted&nbsp;on the Fed’s website&nbsp;at 2 p.m. Eastern Daylight Time on Wednesday, most folks will probably head straight for the FOMC’s guesses on the fed-funds rate, and specifically when liftoff from near-zero is finally expected.</p>\n<p>The “dot plot”—or graph of the FOMC members’ consensus guesses—puts the first hike all the way out past 2023. That seems a very long-term forecast, and as John Maynard Keynes famously pointed out, in the long run we’re all dead. Some Fed watchers, such as J.P. Morgan’s chief U.S. economist, Michael Feroli, look for the dots to show a 2023 liftoff.</p>\n<p>The markets, however, already had been pricing in one or more fed-funds rate hikes by 2023. But concurrent with the previously discussed slide in longer-term bond yields, the interest-rate futures markets have effectively priced out one of those short-term rate increases. In addition, the derivatives market now sees the fed-funds rate peaking under 2%, some 0.4 of a percentage point lower than what it had priced in earlier this year, according to analysts for&nbsp;Natixis.</p>\n<p>Long before making any rate hikes, the Fed will begin to lessen its accommodation by slowing its current pace of securities purchases, which consist of $80 billion of Treasuries and $40 billion of agency mortgage-backed securities every month. The trillions that the Federal Reserve and other central banks have created have gone a long way to boost the values of assets, which rose by $5 trillion, to $136.9 trillion, in the first quarter, according to new Fed data released this past week. That includes a $3.2 trillion rise in the value of equities owned by households and a $968 billion rise in their real estate holdings.</p>\n<p>The key criterion for reduced Fed accommodation is whether the monetary authorities see “substantial further progress” toward reaching what they deem as maximum employment, probably a deliberately ambiguous standard.</p>\n<p>But the increase in payrolls appears to be constrained as much by the supply of labor as businesses’ desire to hire. The latest Job Openings and Labor Turnover Survey, or Jolts, showed&nbsp;a record 9.3 million unfilled openings&nbsp;in April. In addition, 384,000 people left their positions that month, bringing the total of voluntary job quitters to a record four million.</p>\n<p>Anecdotal evidence, including some in the Fed’s beige book summary of economic conditions prepared for the coming meeting, suggests that employers aren’t finding enough workers because of generous unemployment compensation. Unusual for a social science such as economics, there will be a real-time experiment to test this hypothesis as 25 states end the extra $300 weekly payment early.</p>\n<p>Jefferies economists Aneta Markowska and Thomas Simons write in a research note that these 25 states account for about a quarter of all the unemployed workers. Ending their extra jobless benefits could boost employment by roughly two million in the next few months, they estimate. Another growth spurt should follow in September and October after the extra unemployment insurance expires in the remaining states; schools reopen—providing free daycare for some would-be workers, especially women; and many office employees return to their desks, they add.</p>\n<p>At that point, the Fed might start talking about actually reducing its massive securities purchases. Given the “taper tantrum” thrown by the markets when the central bank slowed its bond buying in 2013, this Fed will want to disclose how, when, and how fast it plans to slow its pour into the punch bowl. That’s what we’ll be listening for this week.</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>What to Expect in This Week’s Federal Reserve Meeting</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\">\nWhat to Expect in This Week’s Federal Reserve Meeting\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-14 13:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/what-to-expect-in-next-weeks-federal-reserve-meeting-51623457837?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>As the Federal Open Market Committee holds its regular policy meeting this coming week, once again analysts and investors should flip the Nixon-era cliché and watch what they say, not what they do. ...</p>\n\n<a href=\"https://www.barrons.com/articles/what-to-expect-in-next-weeks-federal-reserve-meeting-51623457837?mod=RTA\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"source_url":"https://www.barrons.com/articles/what-to-expect-in-next-weeks-federal-reserve-meeting-51623457837?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138219989","content_text":"As the Federal Open Market Committee holds its regular policy meeting this coming week, once again analysts and investors should flip the Nixon-era cliché and watch what they say, not what they do. What everybody wants to know is whether the panel finally has gotten around to talking about talking about moving away from its ubereasy monetary policy.\nWe all know that the FOMC won’t take any substantive steps in terms of its massive securities purchases, which are still running at $120 billion a month. As for its key federal-funds rate target, that’s stuck at 0% to 0.25% (although there’s an outside chance of technical tweaking of some other Fed-administered rates to address the billions in excess cash sloshing around in the money markets).\nWe’ll be looking for what’s in the FOMC’s formal policy statement and the panel’s updated Summary of Economic Projections, which will include the amalgam of the committee members’ guesses on key economic gauges, such as gross domestic product, inflation, and unemployment. Most likely, when that is posted on the Fed’s website at 2 p.m. Eastern Daylight Time on Wednesday, most folks will probably head straight for the FOMC’s guesses on the fed-funds rate, and specifically when liftoff from near-zero is finally expected.\nThe “dot plot”—or graph of the FOMC members’ consensus guesses—puts the first hike all the way out past 2023. That seems a very long-term forecast, and as John Maynard Keynes famously pointed out, in the long run we’re all dead. Some Fed watchers, such as J.P. Morgan’s chief U.S. economist, Michael Feroli, look for the dots to show a 2023 liftoff.\nThe markets, however, already had been pricing in one or more fed-funds rate hikes by 2023. But concurrent with the previously discussed slide in longer-term bond yields, the interest-rate futures markets have effectively priced out one of those short-term rate increases. In addition, the derivatives market now sees the fed-funds rate peaking under 2%, some 0.4 of a percentage point lower than what it had priced in earlier this year, according to analysts for Natixis.\nLong before making any rate hikes, the Fed will begin to lessen its accommodation by slowing its current pace of securities purchases, which consist of $80 billion of Treasuries and $40 billion of agency mortgage-backed securities every month. The trillions that the Federal Reserve and other central banks have created have gone a long way to boost the values of assets, which rose by $5 trillion, to $136.9 trillion, in the first quarter, according to new Fed data released this past week. That includes a $3.2 trillion rise in the value of equities owned by households and a $968 billion rise in their real estate holdings.\nThe key criterion for reduced Fed accommodation is whether the monetary authorities see “substantial further progress” toward reaching what they deem as maximum employment, probably a deliberately ambiguous standard.\nBut the increase in payrolls appears to be constrained as much by the supply of labor as businesses’ desire to hire. The latest Job Openings and Labor Turnover Survey, or Jolts, showed a record 9.3 million unfilled openings in April. In addition, 384,000 people left their positions that month, bringing the total of voluntary job quitters to a record four million.\nAnecdotal evidence, including some in the Fed’s beige book summary of economic conditions prepared for the coming meeting, suggests that employers aren’t finding enough workers because of generous unemployment compensation. Unusual for a social science such as economics, there will be a real-time experiment to test this hypothesis as 25 states end the extra $300 weekly payment early.\nJefferies economists Aneta Markowska and Thomas Simons write in a research note that these 25 states account for about a quarter of all the unemployed workers. Ending their extra jobless benefits could boost employment by roughly two million in the next few months, they estimate. Another growth spurt should follow in September and October after the extra unemployment insurance expires in the remaining states; schools reopen—providing free daycare for some would-be workers, especially women; and many office employees return to their desks, they add.\nAt that point, the Fed might start talking about actually reducing its massive securities purchases. Given the “taper tantrum” thrown by the markets when the central bank slowed its bond buying in 2013, this Fed will want to disclose how, when, and how fast it plans to slow its pour into the punch bowl. That’s what we’ll be listening for this week.","news_type":1},"isVote":1,"tweetType":1,"viewCount":229,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186562362,"gmtCreate":1623511883956,"gmtModify":1704205344228,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Good to read","listText":"Good to read","text":"Good to read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/186562362","repostId":"1133871419","repostType":4,"repost":{"id":"1133871419","pubTimestamp":1623469680,"share":"https://ttm.financial/m/news/1133871419?lang=&edition=fundamental","pubTime":"2021-06-12 11:48","market":"us","language":"en","title":"Five Charts That Show How Much the Crypto Space Just Slowed Down","url":"https://stock-news.laohu8.com/highlight/detail?id=1133871419","media":"Bloomberg","summary":"There have been a lot of crypto headlines lately, from Miami to El Salvador. However, in the last fe","content":"<p>There have been a lot of crypto headlines lately, from Miami to El Salvador. However, in the last few weeks, the frenetic pace of the market has clearly slowed down. Obviously you see the change in mood in the price, with steep drops in the price of Ethereum and Bitcoin over the last several weeks.</p>\n<p>But other metrics are in decline as well lately.&nbsp;Looking at&nbsp;the data dashboard published by the news and research site The Block, here are five other&nbsp;indicators of the recent market slowdown.</p>\n<p>First, exchange volumes have&nbsp;dropped precipitously in recent weeks after a massive surge to start the year.</p>\n<p><img src=\"https://static.tigerbbs.com/fdbb9505cb642bf015d4bf16cd0eb42a\" tg-width=\"800\" tg-height=\"319\" referrerpolicy=\"no-referrer\">Next, if you look at the premium in the futures market, that’s come in massively. People aren’t paying up as much for out-month Bitcoin futures on Binance as they were several weeks ago, signaling a more subdued vibe.</p>\n<p><img src=\"https://static.tigerbbs.com/26f80455b1f9a93763b717075afa1bf3\" tg-width=\"800\" tg-height=\"324\" referrerpolicy=\"no-referrer\">Photographer: The Block</p>\n<p>Trading in NFTs has come&nbsp;down (though it’s still a massively bigger space than it was last year.)</p>\n<p><img src=\"https://static.tigerbbs.com/f64ecd0cf2f897669aac0783ffa24fc6\" tg-width=\"800\" tg-height=\"319\" referrerpolicy=\"no-referrer\">The Block</p>\n<p>On social media, there's been a big drop in the new follower counts for big exchanges, which is a nice gauge of public interest in the space.</p>\n<p><img src=\"https://static.tigerbbs.com/83c6a1861a2e1903b1af47943d935e7c\" tg-width=\"800\" tg-height=\"322\" referrerpolicy=\"no-referrer\">The Block</p>\n<p>And finally, in the DeFi realm, you can see the revenue generated by various protocols having fallen off sharply, in line with the drop in trading that we see on traditional exchanges.</p>\n<p><img src=\"https://static.tigerbbs.com/c5edc226a824195b7c847942c657073e\" tg-width=\"800\" tg-height=\"325\" referrerpolicy=\"no-referrer\">The Block</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Five Charts That Show How Much the Crypto Space Just Slowed Down</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\">\nFive Charts That Show How Much the Crypto Space Just Slowed Down\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-12 11:48 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-06-11/bitcoin-btc-ethereum-eth-crypto-markets-start-to-slow-down?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There have been a lot of crypto headlines lately, from Miami to El Salvador. However, in the last few weeks, the frenetic pace of the market has clearly slowed down. Obviously you see the change in ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-06-11/bitcoin-btc-ethereum-eth-crypto-markets-start-to-slow-down?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust","COIN":"Coinbase Global, Inc."},"source_url":"https://www.bloomberg.com/news/articles/2021-06-11/bitcoin-btc-ethereum-eth-crypto-markets-start-to-slow-down?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133871419","content_text":"There have been a lot of crypto headlines lately, from Miami to El Salvador. However, in the last few weeks, the frenetic pace of the market has clearly slowed down. Obviously you see the change in mood in the price, with steep drops in the price of Ethereum and Bitcoin over the last several weeks.\nBut other metrics are in decline as well lately. Looking at the data dashboard published by the news and research site The Block, here are five other indicators of the recent market slowdown.\nFirst, exchange volumes have dropped precipitously in recent weeks after a massive surge to start the year.\nNext, if you look at the premium in the futures market, that’s come in massively. People aren’t paying up as much for out-month Bitcoin futures on Binance as they were several weeks ago, signaling a more subdued vibe.\nPhotographer: The Block\nTrading in NFTs has come down (though it’s still a massively bigger space than it was last year.)\nThe Block\nOn social media, there's been a big drop in the new follower counts for big exchanges, which is a nice gauge of public interest in the space.\nThe Block\nAnd finally, in the DeFi realm, you can see the revenue generated by various protocols having fallen off sharply, in line with the drop in trading that we see on traditional exchanges.\nThe Block","news_type":1},"isVote":1,"tweetType":1,"viewCount":221,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":136180817,"gmtCreate":1621999109139,"gmtModify":1704365792776,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Good article.&nbsp;","listText":"Good article.&nbsp;","text":"Good article.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/136180817","repostId":"136198582","repostType":1,"repost":{"id":136198582,"gmtCreate":1621997696746,"gmtModify":1704365758740,"author":{"id":"3563421686188310","authorId":"3563421686188310","name":"Hopehope赋予希望","avatar":"https://community-static.tradeup.com/news/46495f44529967f5d3b4d03a47167f5b","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3563421686188310","authorIdStr":"3563421686188310"},"themes":[],"title":"Daily Market Review (US Markets) - 26 May 2021","htmlText":"Well readers would have recalled that I wrote yesterday that 13,700 is an important point, which has to be breached in order for Nasdaq to move higher. Indeed, this proves like the resistance point and Nasdaq 100 futures despite moving higher during the day yesterday, reaching 13,738 (based on what I recalled) in the Asian market afternoon. It came back down gradually throughout the day and post opening of US opening, it went back up again to around 13,730 before \"crashing\" back down in US morning session, seeing an intraday low (before I sleep) at around 13,617....For Dow, it closed at around 34,300 (not the precise point) but at least it is still holding around 1% above 34,000 point. For readers who follow my daily articles, you would know that I have mentioned the 34,000 point a couple","listText":"Well readers would have recalled that I wrote yesterday that 13,700 is an important point, which has to be breached in order for Nasdaq to move higher. Indeed, this proves like the resistance point and Nasdaq 100 futures despite moving higher during the day yesterday, reaching 13,738 (based on what I recalled) in the Asian market afternoon. It came back down gradually throughout the day and post opening of US opening, it went back up again to around 13,730 before \"crashing\" back down in US morning session, seeing an intraday low (before I sleep) at around 13,617....For Dow, it closed at around 34,300 (not the precise point) but at least it is still holding around 1% above 34,000 point. For readers who follow my daily articles, you would know that I have mentioned the 34,000 point a couple","text":"Well readers would have recalled that I wrote yesterday that 13,700 is an important point, which has to be breached in order for Nasdaq to move higher. Indeed, this proves like the resistance point and Nasdaq 100 futures despite moving higher during the day yesterday, reaching 13,738 (based on what I recalled) in the Asian market afternoon. It came back down gradually throughout the day and post opening of US opening, it went back up again to around 13,730 before \"crashing\" back down in US morning session, seeing an intraday low (before I sleep) at around 13,617....For Dow, it closed at around 34,300 (not the precise point) but at least it is still holding around 1% above 34,000 point. For readers who follow my daily articles, you would know that I have mentioned the 34,000 point a couple","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/136198582","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":227,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":199293601,"gmtCreate":1620704727403,"gmtModify":1704347063808,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Well said","listText":"Well said","text":"Well said","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/199293601","repostId":"377540345","repostType":1,"repost":{"id":377540345,"gmtCreate":1619538803287,"gmtModify":1704725678537,"author":{"id":"3568538193599011","authorId":"3568538193599011","name":"美股散户联盟","avatar":"https://static.tigerbbs.com/3b4f27292d67ff9192319d20002617eb","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3568538193599011","authorIdStr":"3568538193599011"},"themes":[],"title":"??美股投資小水滴3(原創）","htmlText":"最近忙於出差，也沒有靜下心來整理之前的投資筆記，所以暫停了幾天。今天剛好有一點“時間”，就跟大家聊一聊投資中最關鍵的一個因素——“時間變量”。時間變量什麼是時間變量？簡單地說就是一個股票價值發現的過程，在這個過程中，股價由下跌或是震盪形態，轉爲持續上升的形態！但是，這個過程可能會很長（幾年時間)，也可能會很短(幾個月或者幾周)，那麼我們該如何去把握呢？首先，我想說一下人性，“急功近利”是人的天性！特別是當你還處於原始積累階段的時候，還在爲努力爲財富夢想而奮鬥的時候，很難靜下心來和時間做朋友。我甚至還看過一個留言，裏面寫着了一句非常傷心的話——“我現在太窮了，我不配跟時間做朋友!”這一點我非常理解和明白，因爲在大多數的情況下，時間價值只屬於社會5%的頂層階級，因爲在一定財富自由的情況下，時間纔會成爲你的朋友。好了，回到正題，那麼如果我們還處於起步階段，那麼如何把握“時間變量”呢？我覺得至少有三個方面：1、努力創造一個相對穩定的現金流(工資、房租收入等等），然後採取分期定投的方式不斷地投資一個“單一”的價值投資標的(這個價值標的可以參考我之前文章，以後我也會再講)。這裏面最重要的是兩點：第一要集中，在資金量很少的時候，我們一定不要去分散。（投資分散也意味着收益分散，我們不是做基金經理，不然可以直接買指數基金）第二就是要不間斷定投，無論漲跌都要不間斷地投資。2、跟時間做至少18個月的朋友!也就是一旦開始投資至少要持倉18個月的時間，這是我們必須要有的耐性!這個是根據大數據統計的，如果沒有遇到“黑天鵝”，18個月出現虧損的概率非常小!並且我之前說過，我們不是神，我們很難做到買進就漲，很可能買就去就被套(這些年經驗告訴我，被套其實是“幸運”的，你可以以更低的價格買入價值股)，那麼就一定要承受一定時間的波動，那麼這個時間就是18個月。(如果在18個月內提前實現你的目標收益，並且股價已經","listText":"最近忙於出差，也沒有靜下心來整理之前的投資筆記，所以暫停了幾天。今天剛好有一點“時間”，就跟大家聊一聊投資中最關鍵的一個因素——“時間變量”。時間變量什麼是時間變量？簡單地說就是一個股票價值發現的過程，在這個過程中，股價由下跌或是震盪形態，轉爲持續上升的形態！但是，這個過程可能會很長（幾年時間)，也可能會很短(幾個月或者幾周)，那麼我們該如何去把握呢？首先，我想說一下人性，“急功近利”是人的天性！特別是當你還處於原始積累階段的時候，還在爲努力爲財富夢想而奮鬥的時候，很難靜下心來和時間做朋友。我甚至還看過一個留言，裏面寫着了一句非常傷心的話——“我現在太窮了，我不配跟時間做朋友!”這一點我非常理解和明白，因爲在大多數的情況下，時間價值只屬於社會5%的頂層階級，因爲在一定財富自由的情況下，時間纔會成爲你的朋友。好了，回到正題，那麼如果我們還處於起步階段，那麼如何把握“時間變量”呢？我覺得至少有三個方面：1、努力創造一個相對穩定的現金流(工資、房租收入等等），然後採取分期定投的方式不斷地投資一個“單一”的價值投資標的(這個價值標的可以參考我之前文章，以後我也會再講)。這裏面最重要的是兩點：第一要集中，在資金量很少的時候，我們一定不要去分散。（投資分散也意味着收益分散，我們不是做基金經理，不然可以直接買指數基金）第二就是要不間斷定投，無論漲跌都要不間斷地投資。2、跟時間做至少18個月的朋友!也就是一旦開始投資至少要持倉18個月的時間，這是我們必須要有的耐性!這個是根據大數據統計的，如果沒有遇到“黑天鵝”，18個月出現虧損的概率非常小!並且我之前說過，我們不是神，我們很難做到買進就漲，很可能買就去就被套(這些年經驗告訴我，被套其實是“幸運”的，你可以以更低的價格買入價值股)，那麼就一定要承受一定時間的波動，那麼這個時間就是18個月。(如果在18個月內提前實現你的目標收益，並且股價已經","text":"最近忙於出差，也沒有靜下心來整理之前的投資筆記，所以暫停了幾天。今天剛好有一點“時間”，就跟大家聊一聊投資中最關鍵的一個因素——“時間變量”。時間變量什麼是時間變量？簡單地說就是一個股票價值發現的過程，在這個過程中，股價由下跌或是震盪形態，轉爲持續上升的形態！但是，這個過程可能會很長（幾年時間)，也可能會很短(幾個月或者幾周)，那麼我們該如何去把握呢？首先，我想說一下人性，“急功近利”是人的天性！特別是當你還處於原始積累階段的時候，還在爲努力爲財富夢想而奮鬥的時候，很難靜下心來和時間做朋友。我甚至還看過一個留言，裏面寫着了一句非常傷心的話——“我現在太窮了，我不配跟時間做朋友!”這一點我非常理解和明白，因爲在大多數的情況下，時間價值只屬於社會5%的頂層階級，因爲在一定財富自由的情況下，時間纔會成爲你的朋友。好了，回到正題，那麼如果我們還處於起步階段，那麼如何把握“時間變量”呢？我覺得至少有三個方面：1、努力創造一個相對穩定的現金流(工資、房租收入等等），然後採取分期定投的方式不斷地投資一個“單一”的價值投資標的(這個價值標的可以參考我之前文章，以後我也會再講)。這裏面最重要的是兩點：第一要集中，在資金量很少的時候，我們一定不要去分散。（投資分散也意味着收益分散，我們不是做基金經理，不然可以直接買指數基金）第二就是要不間斷定投，無論漲跌都要不間斷地投資。2、跟時間做至少18個月的朋友!也就是一旦開始投資至少要持倉18個月的時間，這是我們必須要有的耐性!這個是根據大數據統計的，如果沒有遇到“黑天鵝”，18個月出現虧損的概率非常小!並且我之前說過，我們不是神，我們很難做到買進就漲，很可能買就去就被套(這些年經驗告訴我，被套其實是“幸運”的，你可以以更低的價格買入價值股)，那麼就一定要承受一定時間的波動，那麼這個時間就是18個月。(如果在18個月內提前實現你的目標收益，並且股價已經","images":[{"img":"https://static.tigerbbs.com/bd4e40d941cec1458bd1b4eab497d9a4","width":"681","height":"800"}],"top":1,"highlighted":2,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377540345","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":1,"subType":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":61,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":108900515,"gmtCreate":1619969436337,"gmtModify":1704336871469,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Sharing","listText":"Sharing","text":"Sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/108900515","repostId":"1142063705","repostType":4,"repost":{"id":"1142063705","pubTimestamp":1619796118,"share":"https://ttm.financial/m/news/1142063705?lang=&edition=fundamental","pubTime":"2021-04-30 23:21","market":"us","language":"en","title":"Europe's antitrust crackdown on Apple hints at what's coming for the company in the U.S.","url":"https://stock-news.laohu8.com/highlight/detail?id=1142063705","media":"CNBC","summary":"For a long time, the European Commission seemed to stand apart from the U.S. in cracking down on tech giants with antitrust fines againstGoogleand privacy rules like the General Data Protection Regulation.“The Commission’s argument onSpotify’sbehalf is the opposite of fair competition,” Apple said in a statement following Vestager’s announcement, referring to the music streaming company that raised the competition complaint. Apple said Spotify wants “all the benefits of the App Store but don’t t","content":"<div>\n<p>For a long time, the European Commission seemed to stand apart from the U.S. in cracking down on tech giants with antitrust fines againstGoogleand privacy rules like the General Data Protection ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/30/eu-leads-tech-crackdown-but-the-us-isnt-far-behind.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Europe's antitrust crackdown on Apple hints at what's coming for the company in the U.S.</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\">\nEurope's antitrust crackdown on Apple hints at what's coming for the company in the U.S.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-30 23:21 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/04/30/eu-leads-tech-crackdown-but-the-us-isnt-far-behind.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>For a long time, the European Commission seemed to stand apart from the U.S. in cracking down on tech giants with antitrust fines againstGoogleand privacy rules like the General Data Protection ...</p>\n\n<a href=\"https://www.cnbc.com/2021/04/30/eu-leads-tech-crackdown-but-the-us-isnt-far-behind.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.cnbc.com/2021/04/30/eu-leads-tech-crackdown-but-the-us-isnt-far-behind.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1142063705","content_text":"For a long time, the European Commission seemed to stand apart from the U.S. in cracking down on tech giants with antitrust fines againstGoogleand privacy rules like the General Data Protection Regulation.\nBut when the EU competition policy chief Margrethe Vestagerannounced Friday a preliminary findingthatApplehas abused its dominant power in the distribution of streaming music apps, the U.S. finally seems poised to move in a similar direction.\n“The Commission’s argument onSpotify’sbehalf is the opposite of fair competition,” Apple said in a statement following Vestager’s announcement, referring to the music streaming company that raised the competition complaint. Apple said Spotify wants “all the benefits of the App Store but don’t think they should have to pay anything for that,” by choosing to object to its 15-30% commission on in-app payments for streaming apps.\nApple isn’t currently facing any antitrust charges from government officials in the U.S. and such a lawsuit may never materialize, though the Department of Justice wasreportedly granted oversight of the company’s competitive practices in 2019. But even if the government declines to press charges, recent actions in Congress, state legislatures and in private lawsuits demonstrate a significant shift in the American public’s sentiment toward Apple and the tech industry at large.\nWhen the commissionslapped its first record competition fineagainstGooglein 2017, it wasn’t yet clear that the U.S. might be ready to move on from its once-cozy relationship with its booming tech industry. But in 2018, on the heels of the revelations of howFacebookuser data was used by analytics company Cambridge Analytica during the 2016 election, and increasing questions about how tech platforms can impact American democracy, that seemed to change.\nNow, as Europe continues to move forward with its probe into Apple, the U.S. no longer seems to be so far behind.\nHere’s where Apple stands to face risk of antitrust action or regulation in the U.S.:\nDOJ\nThe DOJ has already moved forward with a massive lawsuit against Google, so it could take some time if it decides to ramp up a probe into Apple. Though the DOJ’s Antitrust Division took on oversight authority of Apple in a 2019 agreement with the FTC, according to aWall Street Journal report, the Google investigation has seemed to take priority.\nStill, then-Attorney General Bill Barr announced later that year that the DOJ wouldconduct a broad antitrust review of Big Tech companies.\nAny action from the DOJ or state enforcers would take the form of a settlement or lawsuit, which would put Apple’s fate in the hands of the courts.\nPrivate lawsuits\nApple’s most immediate challenge in the U.S. has come from private companies bringing antitrust charges against its business in court.\nThe most notable of these lawsuits isfrom Fortnite-maker Epic Games, which is set to begin its trial on Monday. Epic filed its lawsuit with a PR blitz afterchallenging Apple’s in-app payment feeby advertising in its app an alternative, cheaper way to buy character outfits from Epic directly, violating Apple’s rules. That prompted Apple to remove Fortnite from its App Store. Epic filed the suit shortly after and Applefiled counterclaimsagainst Epic for allegedly breaching its contract.\n“Although Epic portrays itself as a modern corporate Robin Hood, in reality it is a multi-billion dollar enterprise that simply wants to pay nothing for the tremendous value it derives from the App Store,” Apple said in a filing with the District Court for the Northern District of California in September.\nCongress\nJust last week,several app-makers testified before the Senate Judiciary subcommittee on antitrust about the alleged anti-competitive harms they’ve facedfrom restrictions on both Apple and Google’s app stores.\nRepresentatives from Apple and Google told lawmakers they simply charge for the technology and the work they put into running the app stores, which have significantly lowered distribution costs for app developers over the years.\nBut witnesses from Tinder-ownerMatch Group, item-tracking device-maker Tile and Spotify painted a different picture.\n“We’re all afraid,” Match Group chief legal officer Jared Sine testified of the platforms’ broad power over their businesses.\nThe witnesses discussed the seemingly arbitrary nature by which Apple allegedly enforces its App Store rules. Spotify’s legal chief claimed Apple has threatened retaliation on numerous occasions and Tile’s top lawyer said Apple denied access to a key feature that wouldimprove their object-tracking product, before utilizing it for Apple’s own rival gadget,called AirTag.\nTile said that while Apple now makes the feature available for third-party developers to incorporate, accessing it would mean handing over a significant amount of data and control to Apple. Apple’s representative said its product is different from Tile’s and opening the feature in question will encourage further competition in the space.\nSenators at the hearing seemed receptive to the app developers’ complaints, which build on earlier claims made before House lawmakers. The House Judiciary subcommittee on antitrust found in a more than year-long probe thatAmazon, Apple, Facebook and Googleall hold monopoly power, and lawmakers are currently crafting bills to enable stronger antitrust enforcement of digital markets.\nState Legislatures\nSeveral state legislatures have beenconsidering bills that would require platforms like Apple and Google to allow app-makers to use their own payment processing systems. While the bills have so far hadvarying degrees of successin the early stages of lawmaking, passage in one state could raise a host of questions about how it should be enforced given the ambiguous nature of digital borders.\nThe bills have been supported by the Coalition for App Fairness, a group of companies that have complained about app store fees, including Epic Games, Match Group and Spotify.\nApple has often argued that it maintains features like payments within its own ecosystem in order to protect consumers and secure their data, though app developers and lawmakers have expressed skepticism about that reasoning.","news_type":1},"isVote":1,"tweetType":1,"viewCount":150,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"content":"should be ok","text":"should be ok","html":"should be ok"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":888929091,"gmtCreate":1631423968313,"gmtModify":1676530546309,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/888929091","repostId":"816190579","repostType":1,"repost":{"id":816190579,"gmtCreate":1630474311191,"gmtModify":1676530313430,"author":{"id":"3577922109777992","authorId":"3577922109777992","name":"Eldenminaj","avatar":"https://static.tigerbbs.com/0b70c888201698b49ffaacadca9b58be","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577922109777992","authorIdStr":"3577922109777992"},"themes":[],"htmlText":"What is the greatest investment on earth?How to be a millionaire in the stock market?The answer: <a href=\"https://laohu8.com/S/VOO\">$Vanguard S&amp;P 500 ETF(VOO)$</a>Key Takeaways:1. S&amp;P500 Index has returned an average of 11% since its inception in 1920. (100 years).2. Only a handful of investors have beaten the market over the long run. Even Warren Buffet, the God himself,&nbsp;has been lagging the index in the past decade. It is extremely hard to ever beat the index.&nbsp;3. With a constant investment of just 500 a month for 30 years, you are able to make $ 1.26 million due to the compound interest. And the best part is, you would've only invested $180K, and the interest earned is $1.084 Million4. The S&amp;P500 has had a correction (10% Decline) almost once every year on average,","listText":"What is the greatest investment on earth?How to be a millionaire in the stock market?The answer: <a href=\"https://laohu8.com/S/VOO\">$Vanguard S&amp;P 500 ETF(VOO)$</a>Key Takeaways:1. S&amp;P500 Index has returned an average of 11% since its inception in 1920. (100 years).2. Only a handful of investors have beaten the market over the long run. Even Warren Buffet, the God himself,&nbsp;has been lagging the index in the past decade. It is extremely hard to ever beat the index.&nbsp;3. With a constant investment of just 500 a month for 30 years, you are able to make $ 1.26 million due to the compound interest. And the best part is, you would've only invested $180K, and the interest earned is $1.084 Million4. The S&amp;P500 has had a correction (10% Decline) almost once every year on average,","text":"What is the greatest investment on earth?How to be a millionaire in the stock market?The answer: $Vanguard S&P 500 ETF(VOO)$Key Takeaways:1. S&P500 Index has returned an average of 11% since its inception in 1920. (100 years).2. Only a handful of investors have beaten the market over the long run. Even Warren Buffet, the God himself, has been lagging the index in the past decade. It is extremely hard to ever beat the index. 3. With a constant investment of just 500 a month for 30 years, you are able to make $ 1.26 million due to the compound interest. And the best part is, you would've only invested $180K, and the interest earned is $1.084 Million4. The S&P500 has had a correction (10% Decline) almost once every year on average,","images":[{"img":"https://static.tigerbbs.com/e3b93af6b5484f30c3d608fe863e6547","width":"1080","height":"3162"}],"top":1,"highlighted":2,"essential":2,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/816190579","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":324,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189012165,"gmtCreate":1623232484057,"gmtModify":1704198888800,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/189012165","repostId":"1154263782","repostType":4,"repost":{"id":"1154263782","pubTimestamp":1623204460,"share":"https://ttm.financial/m/news/1154263782?lang=&edition=fundamental","pubTime":"2021-06-09 10:07","market":"us","language":"en","title":"The 10 Most Talked About Stocks on Reddit Today","url":"https://stock-news.laohu8.com/highlight/detail?id=1154263782","media":"investorplace","summary":"Reddit continues to be the home of meme stocks and with the recent rally surrounding those, it’s worth looking in and seeing what traders on the subreddit are talking about.WallStreetBets in particular is one of the most popular subreddits where users collect to talk about their stock picks. That’s no different on Tuesday with there being plenty of chatter to look into.Let’s see the most talked-about stockson Reddit WallStreetBets today below.","content":"<p>Reddit continues to be the home of meme stocks and with the recent rally surrounding those, it’s worth looking in and seeing what traders on the subreddit are talking about.</p><p>WallStreetBets in particular is one of the most popular subreddits where users collect to talk about their stock picks. That’s no different on Tuesday with there being plenty of chatter to look into.</p><p>Let’s see the&nbsp;most talked-about stockson Reddit WallStreetBets today below.</p><p>Most Talked About Reddit Stocks Today</p><ol><li><b>Clover Health</b>(NASDAQ:<b><u>CLOV</u></b>) takes the top spot on the list with more than 2,000 mentions over the last four hours. The stock is sitting 76% higher as of this writing.</li><li><b>BlackBerry</b>(NYSE:<b><u>BB</u></b>) is up next with the stock getting close to 1,000 mentions as of Tuesday afternoon. The stock is currently down slightly today.</li><li><b>GameStop</b>(NYSE:<b><u>GME</u></b>) is always a Reddit favorite with just over 800 mentions on WSB. Shares are up 5.5% right now.</li><li><b>AMC Entertainment</b>(NYSE:<b><u>AMC</u></b>) secures its sport on the list with more than 560 mentions. The stock is down 1.6% as of this writing.</li><li><b>Clean Energy Fuels</b>(NASDAQ:<b><u>CLNE</u></b>) joins the list with close to 400 mentions Tuesday afternoon. It’s also down 6.3%% at that same time.</li><li><b>Wendy’s</b>(NASDAQ:<b><u>WEN</u></b>) is a new favorite of Reddit with more than 250 mentions. The stock is up 18.4% as of this writing.</li><li><b>WorkHorse</b>(NASDAQ:<b><u>WKHS</u></b>) stock is getting talked about today with about 230 mentions. The shares are up 16.6% as of Tuesday afternoon.</li><li><b>Academy Sports &amp; Outdoors</b>(NASDAQ:<b><u>ASO</u></b>) is also on the list with about 120 mentions. The stock is up 2.8% as of this writing.</li><li><b>Tilray</b>(NASDAQ:<b><u>TLRY</u></b>) is just past 100 mentions with its place on the list. Shares are up close to 1% right now.</li><li><b>Nokia</b>(NYSE:<b><u>NOK</u></b>) is the final entry on the list with just under 100 mentions. The stock is down slightly at the moment.</li></ol><p></p>","source":"lsy1606302653667","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The 10 Most Talked About Stocks on Reddit Today</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe 10 Most Talked About Stocks on Reddit Today\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-09 10:07 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2021/06/the-10-most-talked-about-stocks-on-reddit-today/><strong>investorplace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Reddit continues to be the home of meme stocks and with the recent rally surrounding those, it’s worth looking in and seeing what traders on the subreddit are talking about.WallStreetBets in ...</p>\n\n<a href=\"https://investorplace.com/2021/06/the-10-most-talked-about-stocks-on-reddit-today/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WEN":"温蒂汉堡","TLRY":"Tilray Inc.","AMC":"AMC院线","CLNE":"Clean Energy Fuels Corp","GME":"游戏驿站","WKHS":"Workhorse Group, Inc.","BB":"黑莓","CLOV":"Clover Health Corp","NOK":"诺基亚","ASO":"Academy Sports & Outdoors, Inc."},"source_url":"https://investorplace.com/2021/06/the-10-most-talked-about-stocks-on-reddit-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154263782","content_text":"Reddit continues to be the home of meme stocks and with the recent rally surrounding those, it’s worth looking in and seeing what traders on the subreddit are talking about.WallStreetBets in particular is one of the most popular subreddits where users collect to talk about their stock picks. That’s no different on Tuesday with there being plenty of chatter to look into.Let’s see the most talked-about stockson Reddit WallStreetBets today below.Most Talked About Reddit Stocks TodayClover Health(NASDAQ:CLOV) takes the top spot on the list with more than 2,000 mentions over the last four hours. The stock is sitting 76% higher as of this writing.BlackBerry(NYSE:BB) is up next with the stock getting close to 1,000 mentions as of Tuesday afternoon. The stock is currently down slightly today.GameStop(NYSE:GME) is always a Reddit favorite with just over 800 mentions on WSB. Shares are up 5.5% right now.AMC Entertainment(NYSE:AMC) secures its sport on the list with more than 560 mentions. The stock is down 1.6% as of this writing.Clean Energy Fuels(NASDAQ:CLNE) joins the list with close to 400 mentions Tuesday afternoon. It’s also down 6.3%% at that same time.Wendy’s(NASDAQ:WEN) is a new favorite of Reddit with more than 250 mentions. The stock is up 18.4% as of this writing.WorkHorse(NASDAQ:WKHS) stock is getting talked about today with about 230 mentions. The shares are up 16.6% as of Tuesday afternoon.Academy Sports & Outdoors(NASDAQ:ASO) is also on the list with about 120 mentions. The stock is up 2.8% as of this writing.Tilray(NASDAQ:TLRY) is just past 100 mentions with its place on the list. Shares are up close to 1% right now.Nokia(NYSE:NOK) is the final entry on the list with just under 100 mentions. The stock is down slightly at the moment.","news_type":1},"isVote":1,"tweetType":1,"viewCount":136,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":374270071,"gmtCreate":1619451449293,"gmtModify":1704724168887,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Is true?&nbsp;","listText":"Is true?&nbsp;","text":"Is true?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/374270071","repostId":"1143763161","repostType":4,"repost":{"id":"1143763161","pubTimestamp":1619449638,"share":"https://ttm.financial/m/news/1143763161?lang=&edition=fundamental","pubTime":"2021-04-26 23:07","market":"us","language":"zh","title":"一个束缚即将松绑，美股又多一个上涨催化剂？","url":"https://stock-news.laohu8.com/highlight/detail?id=1143763161","media":"美港电讯","summary":"股市在看跌情绪日益高涨的情况下反而回升至历史高点。","content":"<p>包括摩根大通、高盛、德意志银行和摩根士丹利在内的大银行阵营现在一致称，未来几周或者几个月美股可能会面临威胁。德意志银行甚至预测未来三个月美股将出现10%以上的回调，并在上周五表示：</p>\n<blockquote>\n “因为股市轻松上涨的势头可能已经过去，所以现在更少投资者看涨。”\n</blockquote>\n<p>这一声明令散户和对冲基金投资者感到恐慌，他们对此保持谨慎态度。高盛上周五报告也称，“由于单股和股指产品的卖空和卖多比例达4:1，创下5周以来最大净抛售量。”</p>\n<p>然而，尽管抛售继续令人感到疑惑，美股在看跌情绪日益高涨的情况下回升至历史高点。</p>\n<p><img src=\"https://static.tigerbbs.com/5576b51db622a85945b4191560b3e8e5\" tg-width=\"840\" tg-height=\"470\"></p>\n<p>更让人困惑的是，一种几乎可以肯定将标普500指数推至创纪录水平的新的催化剂已经出现。</p>\n<p>高盛的John Flood称，<b>“限制买卖期”已于上周五结束，回购授权“与去年同期相比已经出现了有意义的增加”。2021年迄今的授权比2020年同期的授权增加了75％，比2019年同期增加了24％，比2018年同期增加了26％。</b>上个月报道的股票回购飙升至历史最高点。</p>\n<blockquote>\n 3、4月是很多美国企业的“限制买卖期”（blackout period），即在财报期暂停股票回购，从而令市场暂时失去大部分主要买家，而这也意味散户对美股整体走势的影响加大，进而造成更大的波动。\n</blockquote>\n<p>金融博客零对冲预计，未来几周将再次出现回购潮——其中大部分资金来自去年新发行的数万亿美元公司债券，不仅会进一步提高风险，还会将美股推至新高。</p>\n<p><img src=\"https://static.tigerbbs.com/0edd9a9b071f3d97fe8efa4e84da4511\" tg-width=\"500\" tg-height=\"319\" referrerpolicy=\"no-referrer\"></p>\n<p>会有多高呢？高盛这样猜测：</p>\n<blockquote>\n “目前美股的日均交易量是2020年财年的1.6倍，是2019年财年的1倍，2018年的0.9倍，我们预计随着下周开始进入回购开放期，这一数据将继续上升。”\n</blockquote>\n<p>换句话说，2021年获得的授权比2018年（回购的创纪录之年）多，但到目前为止日均交易量只是2018年的0.9倍。这可能意味着出现两种结局，一是会有更多的回购，二是企业节省他们的资金“弹药”。</p>\n<p>节省“弹药”有何用途呢？零对冲估计，<b>后市美股或许会有5-10%的回调，然后企业会指示高盛等银行抄底，收回所有损失，并将市场推至下一个历史高点。</b></p>","source":"live_meigang","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>一个束缚即将松绑，美股又多一个上涨催化剂？</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一个束缚即将松绑，美股又多一个上涨催化剂？\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-26 23:07 北京时间&nbsp;&nbsp;&nbsp;<a href=https://news.ushknews.com/mobile/details.html?id=1002824><strong>美港电讯</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>包括摩根大通、高盛、德意志银行和摩根士丹利在内的大银行阵营现在一致称，未来几周或者几个月美股可能会面临威胁。德意志银行甚至预测未来三个月美股将出现10%以上的回调，并在上周五表示：\n\n “因为股市轻松上涨的势头可能已经过去，所以现在更少投资者看涨。”\n\n这一声明令散户和对冲基金投资者感到恐慌，他们对此保持谨慎态度。高盛上周五报告也称，“由于单股和股指产品的卖空和卖多比例达4:1，创下5周以来最大净...</p>\n\n<a href=\"https://news.ushknews.com/mobile/details.html?id=1002824\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/96819b78df36696eeccbf03ebd7c466d","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://news.ushknews.com/mobile/details.html?id=1002824","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1143763161","content_text":"包括摩根大通、高盛、德意志银行和摩根士丹利在内的大银行阵营现在一致称，未来几周或者几个月美股可能会面临威胁。德意志银行甚至预测未来三个月美股将出现10%以上的回调，并在上周五表示：\n\n “因为股市轻松上涨的势头可能已经过去，所以现在更少投资者看涨。”\n\n这一声明令散户和对冲基金投资者感到恐慌，他们对此保持谨慎态度。高盛上周五报告也称，“由于单股和股指产品的卖空和卖多比例达4:1，创下5周以来最大净抛售量。”\n然而，尽管抛售继续令人感到疑惑，美股在看跌情绪日益高涨的情况下回升至历史高点。\n\n更让人困惑的是，一种几乎可以肯定将标普500指数推至创纪录水平的新的催化剂已经出现。\n高盛的John Flood称，“限制买卖期”已于上周五结束，回购授权“与去年同期相比已经出现了有意义的增加”。2021年迄今的授权比2020年同期的授权增加了75％，比2019年同期增加了24％，比2018年同期增加了26％。上个月报道的股票回购飙升至历史最高点。\n\n 3、4月是很多美国企业的“限制买卖期”（blackout period），即在财报期暂停股票回购，从而令市场暂时失去大部分主要买家，而这也意味散户对美股整体走势的影响加大，进而造成更大的波动。\n\n金融博客零对冲预计，未来几周将再次出现回购潮——其中大部分资金来自去年新发行的数万亿美元公司债券，不仅会进一步提高风险，还会将美股推至新高。\n\n会有多高呢？高盛这样猜测：\n\n “目前美股的日均交易量是2020年财年的1.6倍，是2019年财年的1倍，2018年的0.9倍，我们预计随着下周开始进入回购开放期，这一数据将继续上升。”\n\n换句话说，2021年获得的授权比2018年（回购的创纪录之年）多，但到目前为止日均交易量只是2018年的0.9倍。这可能意味着出现两种结局，一是会有更多的回购，二是企业节省他们的资金“弹药”。\n节省“弹药”有何用途呢？零对冲估计，后市美股或许会有5-10%的回调，然后企业会指示高盛等银行抄底，收回所有损失，并将市场推至下一个历史高点。","news_type":1},"isVote":1,"tweetType":1,"viewCount":113,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"content":"seems yes","text":"seems yes","html":"seems yes"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375159679,"gmtCreate":1619317614591,"gmtModify":1704722352595,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Good analysis&nbsp;","listText":"Good analysis&nbsp;","text":"Good analysis","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/375159679","repostId":"2130362165","repostType":4,"repost":{"id":"2130362165","pubTimestamp":1619316618,"share":"https://ttm.financial/m/news/2130362165?lang=&edition=fundamental","pubTime":"2021-04-25 10:10","market":"us","language":"zh","title":"汽车半导体的机遇","url":"https://stock-news.laohu8.com/highlight/detail?id=2130362165","media":"智通财经网","summary":"文章来源于基业常青经济研究院，作者基业常青研究院。\n半导体是指常温下导电性能介于导体与绝缘体之间的材料，广泛运用于消费电子、通讯互联、智能制造、新能源汽车、发电照明等各个领域，是关键的电子器件。根据国","content":"<p><b>文章来源于基业常青经济研究院，作者基业常青研究院。</b></p>\n<p>半导体是指常温下导电性能介于导体与绝缘体之间的材料，广泛运用于消费电子、通讯互联、<a href=\"https://laohu8.com/S/5RE.SI\">智能</a>制造、新能源汽车、发电照明等各个领域，是关键的电子器件。根据国际惯例、功能、制造技术、应用领域、应用级别等标准，可将半导体分为不同的类别，每种类别均包含众多细分产品。</p>\n<p><img src=\"https://static.tigerbbs.com/8ceeda9bbc357cad712c531df07e16e8\" tg-width=\"1080\" tg-height=\"1220\" referrerpolicy=\"no-referrer\"></p>\n<p><b>//&nbsp;全球汽车半导体销量持续增长，产业占比稳步提升</b></p>\n<p><b>汽车是半导体的重要应用领域，车规级半导体具有技术壁垒高与需求旺盛的特点。</b>汽车级半导体的性能要求高于工业级和消费级半导体，同时，需求量高于军工级和航空航天级半导体，因此，汽车级半导体兼具高技术壁垒和高需求的特点。2019年，全球汽车半导体的用量占半导体总量的12.2%，是仅次于通信、计算机、消费电子之后的第四大应用领域。</p>\n<p><img src=\"https://static.tigerbbs.com/cd37adb56f9f4fa5f1105896c5c1d888\" tg-width=\"939\" tg-height=\"540\" referrerpolicy=\"no-referrer\"></p>\n<p>汽车半导体的每个发展阶段都伴随着革命性产品的应用，至今已经历五个发展阶段：前四个阶段分别为1970年以前、1970~1980年、1980~2000年、2000~2020年，每个阶段的代表性装车产品成为时代的标志；第五个阶段从2020年开始，随着新能源汽车续航里程、充电速度等技术瓶颈逐步突破，自动驾驶、车联网稳步发展，车载娱乐及辅助驾驶系统性能快速提升，汽车半导体需求持续提升，汽车半导体产业将迎来黄金发展时期。</p>\n<p><img src=\"https://static.tigerbbs.com/531f07ac66976aaf339bab25a7da894f\" tg-width=\"940\" tg-height=\"414\" referrerpolicy=\"no-referrer\"></p>\n<p>汽车半导体的种类繁多，根据其用途可分为四类：</p>\n<p>（1）功能芯片（MCU）——把CPU、内存、A/D转换等功能整合而形成的芯片级计算机。</p>\n<p>（2）传感器芯片——处理各种物理、化学和生物传感器等多种信号，实现物理量间的相互转换，如导航芯片、图像CMOS芯片、雷达芯片等；</p>\n<p>（3）功率半导体——主要用于电力设备的电能变换和控制电路等方面，如IGBT、MOSFET、GTR等；</p>\n<p>（4）其它类半导体——主要为LED芯片、车载AI芯片、点火器芯片等众多分散的小类别半导体器件。</p>\n<p><b>MCU、功率半导体和传感器三者的价值占单车半导体总价值的55%以上，为汽车中价值比重最大的三类半导体。</b>燃油车的MCU、功率半导体和传感器的价值总和占单车半导体总价值的57%，纯电动车的MCU、功率半导体和传感器的价值总和占单车半导体总价值的73%。因此，MCU、功率半导体和传感器是单车半导体价值的最重要组成。</p>\n<p><b>汽车半导体全球销量持续攀升，2026年将达676亿美元，且汽车半导体在整体半导体市场中的占比逐年提升。</b>IHS数据显示，全球汽车半导体销售额将从2019年的420.4亿美元增长至2026年的676.0亿美元。同时，随着电动化和智能化浪潮的到来，汽车半导体的市场需求将持续攀升。与此同时，全球汽车半导体在半导体市场中的占比已从2010年的7.7%稳步增长至2019年的12.2%，呈现出线性增长趋势。</p>\n<p><img src=\"https://static.tigerbbs.com/679484a898c7b030d6c35b9f11594a81\" tg-width=\"1080\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p>\n<p><b>//&nbsp;电动化和智能化驱动汽车半导体行业快速发展</b></p>\n<p><b>1.政策法规为汽车半导体行业的快速发展保驾护航</b></p>\n<p><b>汽车半导体是汽车的核心部件，持续的政策红利推动行业快速发展。</b>半导体广泛分布于汽车的各个控制及电源管理系统，是整车机构部件的“大脑”，协调汽车的正常驾驶功能。为了促进汽车半导体产业的快速发展，弥补国内相关产业的不足，国家持续密集发布了一系列关于汽车半导体的政策法规，支持汽车半导体行业不断完善产业链和持续实现技术突破，为产业的健康发展保驾护航。</p>\n<p><img src=\"https://static.tigerbbs.com/67b29e02716e63e348071ef6bc2b4179\" tg-width=\"1080\" tg-height=\"1084\" referrerpolicy=\"no-referrer\"></p>\n<p><b>2.电动化催生汽车半导体的增量市场</b></p>\n<p><b>电动汽车与传统燃油车的结构差异催生汽车半导体的增量市场。</b>相对于传统燃油车来说，电动车在结构上增加了动力电池、电池管理系统（BMS）、电机、电控、逆变器、DC-DC、车载充电、整车控制（VCU）等系统，同时，在基础设施方面增加了充电桩。VCU是根据踏板、档位等信号判断驾驶员驾驶意图并向动力电池、动力系统等发出指令的装置，需要控制芯片的参与；BMS、电控等动力系统同样需要控制芯片的参与；逆变器、DC-DC、充电桩等系统则用到功率半导体器件。</p>\n<p><img src=\"https://static.tigerbbs.com/2eeffbcd8496634b3715e95b15cc4a16\" tg-width=\"949\" tg-height=\"502\" referrerpolicy=\"no-referrer\"></p>\n<p><b>相对于传统燃油车，纯电动车的半导体成本显著增加。</b>Trendforce数据显示，纯电动车的功率半导体成本上升405美元/辆、传感器半导体成本增加78美元/辆、模拟IC成本上升100美元/辆、其它类半导体成本上升95美元/辆，但与发动机相关的半导体成本降低375美元/辆。总体来看，每辆纯电动车的半导体总成本上升303美元，纯电动车半导体成本为传统燃油汽车的1.67倍。</p>\n<p><img src=\"https://static.tigerbbs.com/c93795bf83a0e8d3f82d743d23a56440\" tg-width=\"941\" tg-height=\"590\" referrerpolicy=\"no-referrer\"></p>\n<p><b>3.智能化拉动下游对汽车半导体的需求增长</b></p>\n<p><b>自动驾驶级别越高，所需传感器的数量越多，对传感器类芯片的需求量大增。</b>定位、感知、决策、执行是自动驾驶的重要组成部分，定位、感知是决策和执行的基础，定位和感知主要通过惯性导航、毫米波雷达、激光雷达、超声波雷达、摄像头等传感器来实现，传感器相当于智能汽车的“眼”和“耳”。汽车的智能化程度越高，对“眼”和“耳”精度的要求越高，所需的传感器数量也显著增加，传感器芯片用量随之增加。</p>\n<p><b>半导体的增量成本随自动驾驶级别的提升而增大，智能汽车渗透率的提升将大幅增加半导体需求。</b><a href=\"https://laohu8.com/S/0KED.UK\">英飞凌</a>数据显示，L4/L5级别自动驾驶汽车的半导体增加的总成本为860美元/辆，L3级别为580美元/辆，L2级别为150美元/辆；L2升级到L3级别半导体成本的涨幅为286.7%，L3升级到L4/L5级别半导体成本涨幅达48.3%。2020年国内智能汽车的渗透率为45%，预计2025年渗透率将达70%，2040年国内智能驾驶渗透率将达100%。由此可见，汽车半导体的未来需求增量空间大。</p>\n<p><img src=\"https://static.tigerbbs.com/1b9e6231fb011da7f188e41be4e93228\" tg-width=\"1080\" tg-height=\"468\" referrerpolicy=\"no-referrer\"></p>\n<p><img src=\"https://static.tigerbbs.com/1996b07caecb974c4f78281434ccac52\" tg-width=\"935\" tg-height=\"590\" referrerpolicy=\"no-referrer\"></p>\n<p><b>//&nbsp;纯电动和混动汽车齐放量，千亿国内市场可期</b></p>\n<p>鉴于传统燃油车、混合动力汽车、纯电动汽车的单车半导体用量有差异，下文通过结合汽车销量趋势、单车半导体成本构成来预测未来汽车半导体的市场空间：</p>\n<p><b>（1）汽车销量趋势</b></p>\n<p><b>新能源汽车销量快速增长，传统汽车将在2023年迎来销量拐点。</b>根据中汽协数据，预计2021年到2025年，中国汽车总销量将从2630万辆增长至3000万辆；纯电动汽车销量将从126.2万辆上升到493.1万辆，年复合增长率为40.6%；传统汽车（包括燃油汽车和轻混汽车）销量将从2474.9万降至2457.6万辆，且在2023年正式迎来销量拐点。</p>\n<p><img src=\"https://static.tigerbbs.com/9724ca17e6f8e256909beb0465f3d4ae\" tg-width=\"1080\" tg-height=\"567\" referrerpolicy=\"no-referrer\"></p>\n<p><b>（2）汽车半导体成本构成</b></p>\n<p>不同动力类型的汽车主要应用到发动机（ICE）、传感器、模拟IC、功率器件等半导体，而纯电动车的发动机半导体趋近于零。因轻混汽车与燃油汽车用半导体的价值量相差较小，可假设二者半导体价值结构一致。英飞凌数据显示，传统汽车（包括燃油汽车和轻混汽车）、混合动力汽车、纯电动汽车的单车半导体价值分别为447美元、735美元和750美元，从传统汽车到纯电动汽车的半导体成本提升幅度显著。</p>\n<p><b>（3）汽车半导体市场规模测算</b></p>\n<p><b>国内汽车半导体稳步发展，2025年市场规模达1038亿元，但传统汽车用半导体仍占汽车半导体市场的70%以上。</b>预计至2025年，传统汽车半导体市场总规模为758亿元，市场规模仍然较大，其中，传统汽车半导体市场中占比最高的为ICE半导体，主要用于动力控制，占比为83%；混合动力汽车半导体市场仅为25亿元，整体市场规模较小，年复合增速为14%；纯电动车半导体市场将达255亿元，年复合增速达41%。对于整个汽车半导体市场来说，规模有望从2021年的843亿元增长至2025年的1038亿元。</p>\n<p>在细分市场方面，功率半导体将从2021年的131亿元增长到2025年的250亿元，年复合增速达18%；2021年到2025年传感器类半导体的总规模将从11亿元增长至31亿元，年复合增长率达30%；ICE相关的半导体保持在一个较为稳定的水平；到2025年，模拟IC的市场规模也将达到75亿元，从2021年到2025年实现了67%的增长。</p>\n<p><img src=\"https://static.tigerbbs.com/09c905902e2684535f182f4d7d8ee400\" tg-width=\"1080\" tg-height=\"721\" referrerpolicy=\"no-referrer\"></p>\n<p><b>2&nbsp;竞争格局：国外垄断MCU、传感器芯片、功率器件等核心汽车半导体市场</b></p>\n<p><b>半导体产业主要包括上游支撑产业、中游生产制造和下游应用领域三大部分。</b>上游支撑产业涉及材料及设备两个方面；中游生产制造涉及分立器件、集成电路、光电子器件、传感器等器件，并通过设计、制造和封测等工艺实现；下游为社会生产生活的应用领域，包括航空航天、汽车电子、工业控制、通讯设备、消费电子等领域。本文主要介绍半导体在汽车领域的应用。</p>\n<p><img src=\"https://static.tigerbbs.com/11b717e2d0e30b959dd0c75a2f3079be\" tg-width=\"944\" tg-height=\"640\" referrerpolicy=\"no-referrer\"></p>\n<p><b>//&nbsp;MCU广泛应用于系统控制，国外厂商占据98%的市场份额</b></p>\n<p>微控制器（简称MCU），是一种将计算机的CPU、RAM、ROM等集成而形成的芯片级计算机，广泛应用于车用仪表、车用防盗装置、充电器、胎压计、温湿度计、传感器等诸多汽车半导体领域。按处理器的位数，主要分为以下三类：</p>\n<p>（1）8位MCU。主要应用于风扇、空调、雨刷、天窗、车窗升降、低阶仪表板、集线盒、座椅、门控模块等较低阶的系统控制。</p>\n<p>（2）16位MCU。主要应用于引擎、齿轮与离合器、电子式涡轮系统、动力传动系统、悬架系统、方向盘、扭力、电子刹车等底盘系统控制。</p>\n<p>（3）32位MCU。主要应用于仪表板、车身、多媒体信息系统、引擎、智能实时性安全系统、动力系统以及X-by-wire系统等的控制。</p>\n<p><img src=\"https://static.tigerbbs.com/0cab7a758cac1bbd41ffacfd48ddc9fb\" tg-width=\"950\" tg-height=\"639\" referrerpolicy=\"no-referrer\"></p>\n<p><b>MCU是汽车电子控制单元（ECU）的重要组成部分。</b>ECU又称为汽车的“行车电脑”，主要通过车载传感器信息、总线数据的采集和交互来判断车辆状态，并结合驾驶员的意图，借助执行系统来操控汽车。常见的ECU有发动机管理系统（EMS）、自动变速箱控制单元（TCU）、车身控制模块（BCU）、车身电子稳定控制系统（ESP）、电池管理系统（BMS）、整车控制器（VCU）等。通常情况下，ECU包括输入处理电路、MCU、输出处理电路、通讯电路、电源电路等组成部分，其中，MCU是ECU的核心。</p>\n<p><img src=\"https://static.tigerbbs.com/f9d9ee18f6cad878e126b80fd85aac1a\" tg-width=\"939\" tg-height=\"503\" referrerpolicy=\"no-referrer\"></p>\n<p><b>MCU在汽车上的应用广泛，智能化进一步增加单车用量。</b>MCU应用于汽车的车身、底盘、信息娱乐、动力传动、ADAS等系统，目前单车平均搭载数量超过20个，比如奥迪Q7的用量为38个。随着汽车智能驾驶级别的提升，传感器数量急剧增加，MCU需求量也将快速增长。MCU在传统汽车半导体中的价值占比已超过20%，是价值量占比最大的汽车半导体产品。</p>\n<p><b>全球车载MCU市场被国外厂商垄断，CR7达到98%。</b>由于车载MCU具有较高的技术壁垒，而国外厂商技术积累深厚，2020年全球车载MCU市场占有率前七的企业均为国外厂商，分别为瑞萨科技（30%）、<a href=\"https://laohu8.com/S/NXPI\">恩智浦</a>半导体（26%）、英飞凌（14%）、萨拉普斯（9%）、<a href=\"https://laohu8.com/S/TXN\">德州仪器</a>（7%）、<a href=\"https://laohu8.com/S/MCHP\">微芯科技</a>（7%）、<a href=\"https://laohu8.com/S/STM\">意法半导体</a>（5%），前八市占率达到98%，国外厂商实现市场垄断。</p>\n<p><b>国外厂商占据汽车等高端MCU市场，且多为综合服务提供商；国内MCU厂商处于起步阶段，主要应用领域为消费电子等中低端市场。</b>国外MCU厂商业务规模较大，MCU产品类别较为全面，且具有提供完整的控制系统解决方案的能力，是汽车MCU的综合服务提供商。国内MCU厂商的大部分产品主要应用于家电、多媒体等消费电子领域和工业控制领域，用于汽车领域的MCU成熟产品较少，且产品类别仍不够全面，高端MCU产品量产较少。</p>\n<p><img src=\"https://static.tigerbbs.com/7ccca4dcc8a2413c3ea4051466eda7c0\" tg-width=\"1080\" tg-height=\"633\" referrerpolicy=\"no-referrer\"></p>\n<p><b>//&nbsp;国外厂商垄断高端传感器芯片市场，国内厂商逐步突破</b></p>\n<p>传感器是汽车获取实时驾驶状态信息的重要媒介，随着电动化、智能化浪潮的推动，汽车搭载的传感器种类和数量越来越多，发挥的作用也越来越重要。按照用途的不同，汽车传感器芯片主要分为CMOS图像传感器芯片、导航芯片和雷达芯片三种类型：</p>\n<p><b>（1）CMOS图像传感器芯片</b></p>\n<p>CMOS图像传感器是固体成像传感器，主要用于机器视觉、安防监控、智能交通、生命科学、生物医疗、<a href=\"https://laohu8.com/S/00511\">电视广播</a>、汽车等成像领域。CMOS图像传感器与CCD（电荷耦合元件）有着共同的历史渊源，但CMOS比CCD的价格降低15%-25%，同时，CMOS芯片可与其它硅基元器件集成利于系统成本的降低。</p>\n<p><b>全球CMOS传感器芯片市场占有率前七的企业均为国外厂商，占据89%的市场份额，国内厂商通过并购等方式实现突破。</b><a href=\"https://laohu8.com/S/SNE\">索尼</a>是全球CMOS传感器芯片的领军企业，占据接近全球一半（48%）的市场份额，市占率位于2-7位的厂商分别为<a href=\"https://laohu8.com/S/SMSN.UK\">三星</a>（21%）、豪<a href=\"https://laohu8.com/S/0NMU.UK\">威科</a>技（7%）、<a href=\"https://laohu8.com/S/ONNN\">安森美</a>（5%）、<a href=\"https://laohu8.com/S/CAJ\">佳能</a>（3%）、意法半导体（3%）、海力士（2%），其中豪威已被国内企业<a href=\"https://laohu8.com/S/603501\">韦尔股份</a>收购。国内厂商格科微以2%的市占率排名第10位，但以格科微为代表的国产CMOS传感器芯片厂商的产品主要用于200万、500万像素的摄像头中，多应用于手机等消费电子领域。</p>\n<p><img src=\"https://static.tigerbbs.com/fd4e6bfa90420cf8a90ff9569bb883e2\" tg-width=\"1080\" tg-height=\"442\" referrerpolicy=\"no-referrer\"></p>\n<p><b>CMOS传感器芯片行业壁垒较高，国外巨头主要通过横向或纵向拓展切入该市场，应用领域广泛。</b>国外巨头主要通过上下游联动及并购的方式切入CMOS传感器芯片市场，比如索尼和佳能均从相机、录像机等领域逐步向上游拓展；三星则从电子领域向上游拓展至半导体领域；安森美则通过收购高性能CMOS图像传感器供应商Aptina Imaging进入该领域；国外CMOS传感器芯片的应用领域较为广泛，涉及汽车、通信、计算机、消费电子、工业、医疗等诸多领域。</p>\n<p><b>国内厂商的大部分产品处于中低端水平，较少开发出并量产应用于汽车等领域的高端CMOS传感器芯片产品。</b>国内CMOS芯片厂商的大部分产品用于中低端手机、平板、通讯、游戏机、监视器等领域，仅有<a href=\"https://laohu8.com/S/002594\">比亚迪</a>等少数厂商能够开发出应用于汽车等领域的高像素CMOS传感器芯片产品，并成功量产。近年来，国内厂商开始发力，如思比科微已开发出800万像素和1200万像素等的中高端芯片产品、韦尔股份通过并购豪威科技切入中高端CMOS传感器芯片市场。</p>\n<p><b>（2）导航芯片</b></p>\n<p>导航定位芯片是集32通道GPS定位、GSM话音、GPRS数据通信为一体的SOC片上系统，主要应用于导航定位、卫星通讯、遥感等诸多领域。导航芯片是导航终端的核心，其定位精度、功耗、体积等方面的性能直接影响导航系统的运行表现。</p>\n<p><img src=\"https://static.tigerbbs.com/37885ea8623b971e4204ea224ca865ad\" tg-width=\"946\" tg-height=\"582\" referrerpolicy=\"no-referrer\"></p>\n<p><b>国外导航芯片产业成熟，少数巨头厂商占据大量市场。</b>国外导航芯片产业发展较早，技术积累深厚，已发展成为较为稳定和成熟的产业。美国GPS系统起步较早，<a href=\"https://laohu8.com/S/AVGO\">博通</a>、<a href=\"https://laohu8.com/S/QCOM\">高通</a>、德州仪器、SiRF等美国公司积累了大量技术及经验，市场占有率较高，如SiRF公司的GPS芯片产量占全球GPS芯片出货量的70%、<a href=\"https://laohu8.com/S/BRCM\">博通</a>的导航元器件销售额位列世界前三。与此同时，欧洲在导航芯片领域也有较强的实力。</p>\n<p><b>国产导航芯片已实现完全自主可控，且领先世界平均水平两代，北斗导航对国内导航市场贡献率将超60%。</b>国产厂商已构建起集芯片、模块、板卡、终端和运营服务为一体的北斗产业链，导航芯片已实现100%国产化。国产北斗三号导航的22nm芯片已进入量产阶段，而目前国际上量产导航定位芯片仍只有40nm的平均制程，至少在工艺上已经领先全球平均水平两代。预计2020年北斗导航对国内导航产业链的贡献率将达到60%，占据绝大部分国内市场份额。</p>\n<p><b>国内导航芯片产业链逐步完善，相关厂商不断切入，应用领域快速拓展。</b>目前国内主要导航芯片厂商基于传统导航芯片领域不断延展，逐渐发展出多模定位、模块、智能算法、高精度等各类相关产品，并开始进入运动健康、安防监测、广播电视等诸多相关领域，相关厂商数量也不断增加。随着北斗导航系统的不断完善，国内导航芯片行业快速发展。</p>\n<p><img src=\"https://static.tigerbbs.com/17a409aea655d679447032b5d3b40144\" tg-width=\"1080\" tg-height=\"783\" referrerpolicy=\"no-referrer\"></p>\n<p><b>（3）雷达芯片</b></p>\n<p>车载雷达主要包括超声波雷达、毫米波雷达和激光雷达三种。其中，国内超声波雷达已发展的相对成熟，技术壁垒不高；毫米波雷达技术壁垒较高，且是智能汽车的重要传感器，目前处于快速发展的阶段；激光雷达技术壁垒高，是高级别自动驾驶的重要传感器，但目前成本昂贵、过车规难、落地难。下文主要对毫米波雷达芯片的发展做简要的说明。</p>\n<p>毫米波雷达芯片是由单片微波集成电路（MMIC）及DSP/FPGA两种芯片构成的芯片组合，是一种容量大、传输速度快、信息处理高效的专用芯片,两种芯片的简介如下：</p>\n<p>a．MMIC芯片</p>\n<p>MMIC芯片属于毫米波雷达前端收发组件，是核心射频组成部分，相比于HMIC（混合微波集成电路）芯片，MMIC芯片具有设计难度低、性价比高的特点，是未来毫米波雷达市场的主流芯片。</p>\n<p>车载毫米波雷达MMIC芯片被国外厂商垄断，国内厂商处于起步阶段。国外车载毫米波雷达行业起步较早，技术积累深厚。技术实力较强的国外厂商主要有英飞凌、恩智浦、德州仪器、意法半导体、<a href=\"https://laohu8.com/S/FSL\">飞思卡尔</a>等。国内的科研院所以及部分初创企业已开始积极研发MMIC芯片，但仍处于起步阶段，其中，厦门意行半导体已实现在24GHz SiGe射频前端芯片的量产、加特兰和岸达科技也陆续发布了77GHz CMOS毫米波雷达芯片。</p>\n<p>b．DSP/FPGA芯片</p>\n<p>DSP/FPGA芯片的主要功能是实现毫米波雷达的数字信号处理，但两种芯片具有不同的特点。DSP芯片可快速即时处理复杂的算法，而FPGA可完成大规模的大数据底层算法，各有优缺点，因此，将两种芯片组合使用是现阶段的主流技术方案。数据信号处理芯片的供应商主要来自国外，国内尚无相关企业。国外主要生产厂商有英飞凌、意法半导体、飞思卡尔、<a href=\"https://laohu8.com/S/XLNX\">赛灵思</a>、莱迪思等。</p>\n<p><b>//&nbsp;国内功率半导体厂商发展势头良好，国产替代加速</b></p>\n<p>功率半导体器件（又称电力电子器件）是电力电子装置实现电能转换、电源管理的核心器件，在实现变频、变压、整流、功率转换和管理功能的同时，兼具节能的功效。功率半导体器件主要包括功率模组、功率集成电路（功率IC）和分立器件三大类，其中，功率模组是由多个分立功率半导体器件模块化封装而成；功率IC则是将分立功率半导体器件与驱动、控制、保护、接口、监测等集成电路组合而成，<b>故分立器件是功率半导体的关键。</b></p>\n<p>功率半导体按是否可控可分为不可控型、半控型、全控型三类，其中全控型功率半导体技术要求最高，主要包括MOSFET、IGBT、GTR等产品，<b>全控型产品的大部分市场份额被国外厂商占据，是目前国产替代的主要方向；</b>按驱动方式可分为电流驱动和电压驱动，电流驱动包括三极管BJT等，电压驱动包括MOSFET、IGBT等产品。</p>\n<p><img src=\"https://static.tigerbbs.com/969c897db9fcd6d37978996bdf139039\" tg-width=\"941\" tg-height=\"507\" referrerpolicy=\"no-referrer\"></p>\n<p><b>MOSFET和IGBT是两种最重要的功率分立器件。</b>与BJT相比，MOSFET和IGBT均为电压驱动型，且具有驱动电路简单、输入阻抗高、驱动功率小等优势。与此同时，MOSFET的开关频率高且电流大，但耐压程度要略逊一筹，故主要用于高频电源领域；IGBT的开关频率相对适中，但可以承受大电流及电压，主要应用于逆变器、变频器、感应加热等领域。</p>\n<p><img src=\"https://static.tigerbbs.com/40e708c6eb5653c0a8f834cf9d183c1e\" tg-width=\"954\" tg-height=\"460\" referrerpolicy=\"no-referrer\"></p>\n<p><b>（1）IGBT</b></p>\n<p>IGBT（绝缘栅双极型晶体管）是由双极型三极管和绝缘栅型场效应管组成的复合全控型功率半导体器件，广泛应用于轨道交通、智能电网、航空航天、电动汽车与新能源装备等领域。</p>\n<p><b>国外IGBT产业较为成熟，具有完整的产品体系，且国外头部厂商占全球IGBT市场份额的78.6%。</b>国外主要IGBT厂商的技术成熟、产品体系丰富，能够满足各应用领域的差异化需求，产品已经广泛应用于能源、汽车、化工、机械等众多领域。Omdia数据显示，2019年全球IGBT市场占有率前十的厂商中有九家是国外厂商，分别是英飞凌、三菱电机、富士机电、赛米控、威科、日立、丹佛斯、东芝、ABB，国外厂商市占率超78.6%；国内厂商只有<a href=\"https://laohu8.com/S/603290\">斯达半导</a>进入前十，占比仅为2.5%。2019年国内新能源汽车IGBT模块市场占有率前十中有比亚迪、斯达半导、中车三家企业入围，且三家企业的市占率达到37.7%，发展势头良好。</p>\n<p><b>国内IGBT产业快速发展，关键技术实现突破，国产替代加速。</b>斯达半导、比亚迪半导体、中车时代、<a href=\"https://laohu8.com/S/600460\">士兰微</a>、吉林华微等核心厂商依靠持续高研发投入，逐步突破了IGBT关键技术。斯达半导、中车时代均开发出了高压IGBT模块，与此同时，2019年比亚迪半导体IGBT的供货量为19.4万套，占国内市场的18%。随着国内IGBT厂商竞争力的逐步增强，IGBT的国产替代进程加速。</p>\n<p><img src=\"https://static.tigerbbs.com/caf3e3d49222979d3429f4d8566f580a\" tg-width=\"1080\" tg-height=\"605\" referrerpolicy=\"no-referrer\"></p>\n<p><b>（2）MOSFET</b></p>\n<p>MOSFET（金属-氧化物半导体场效应晶体管）是一种可以广泛使用在模拟电路与数字电路的场效晶体管，具有工作速度快、故障率低、开关损耗小、扩展性好等优点，主要应用于电源、发频器、CPU及显卡、通讯、汽车电子等多个领域。</p>\n<p><img src=\"https://static.tigerbbs.com/809920904c0cdcbde61b0ec82b8331c9\" tg-width=\"955\" tg-height=\"551\" referrerpolicy=\"no-referrer\"></p>\n<p><b>国外头部厂商占据全球MOSFET市场81.2%的份额，国内厂商安世半导体、<a href=\"https://laohu8.com/S/688396\">华润微</a>位居第八、九位。</b>2019年全球MOSFET市场占有率前三位的厂商分别是英飞凌（24.6%）、安森美（12.8%）、意法半导体（9.5%），CR3达46.9%；国内厂商安世半导体排名第八（占4.1%市场份额），华润微市占率进入前十（占3.0%市场份额）。因此，在全球MOSFET市场的竞争中，国内厂商仍处于追赶的状态。</p>\n<p><img src=\"https://static.tigerbbs.com/a24b9c8ab9bff768363a1b30250d052d\" tg-width=\"952\" tg-height=\"634\" referrerpolicy=\"no-referrer\"></p>\n<p><b>国外MOSFET厂商技术积累深厚，能够提供完整的产品解决方案，国内厂商的产品体系渐趋完善。</b>国外MOSFET厂商深耕功率半导体领域多年，技术实力强，能够提供从MOSFET、功率IC到功率SoC等完整的MOSFET解决方案服务体系。国内MOSFET厂商通过长期的研发积累，逐渐设计并制造出全系列的MOSFET产品，如华润微电子已成功开发出-100V至1500V范围内的低中高压全系列MOSFET、<a href=\"https://laohu8.com/S/600584\">长电科技</a>则已形成多系列MOSFET产品体系。随着国内技术的提升和经验的积累，国产MOSFET产品体系日臻完善，实现国产替代指日可待。</p>\n<p><b>3&nbsp;行业壁垒：严要求、高投入筑造行业护城河</b></p>\n<p><b>//&nbsp;高标准和严要求构建行业准入壁垒</b></p>\n<p><b>汽车行业注重质量管控和功能安全，准入门槛高。</b>ISO/IATF16949是汽车行业质量管理的标准，适用于主机厂及其供应商，是全球通用的的汽车行业质量管理标准；ISO 26262是汽车行业功能安全的标准，该标准的认证通过较难。汽车零部件相关企业必须获得相关资质才能为主机厂供货，所以汽车行业的准入门槛普遍偏高。</p>\n<p><b>汽车半导体除了汽车行业通用的规范外，还有更严苛的车规级认证标准。</b>AEC-Q系列标准是针对汽车半导体的车规级认证标准，对汽车半导体提出了更严苛的要求，如车载芯片对故障率要求是百万分之一，大部分车厂对车用芯片故障率要求甚至达到十亿分之一，而消费级芯片对故障率的要求只有千分之一。除此之外，汽车半导体对温度、湿度、发霉、粉尘、盐碱环境、EMC及有害气体侵蚀等方面都有严格的要求。</p>\n<p><img src=\"https://static.tigerbbs.com/3109603eb91a0aee85ed34b719f1cad6\" tg-width=\"1080\" tg-height=\"1355\" referrerpolicy=\"no-referrer\"></p>\n<p><b>//&nbsp;持续的时间和资金投入带来高技术壁垒</b></p>\n<p><b>汽车半导体开发周期长，对产品开发经验要求高。</b>汽车半导体生产厂商必须通过严苛的产品认证后方可进入汽车产业链，且通过认证时间较长。汽车半导体生产厂商必须在产品批量生产前与目标客户合作研发，以验证产品的可靠性，并根据客户的需求不断的调整相关技术方案以适配特定的应用场景。同时，汽车半导体在不同主机厂、不同零部件的应用上存在差异性，对生产商的定制化水平提出了更高的要求，也需要时间来积累相关的经验，以快速响应并开发出满足客户要求的产品。</p>\n<p><b>汽车半导体的高要求需要持续的资金投入，以实现技术的突破和创新，保持市场竞争力。</b>汽车半导体产品在设计、制造、封测等各个环节均有较高的技术壁垒，近年来国际主要汽车半导体厂商均通过大量研发投入来提升技术水平，以保持市场竞争优势。英飞凌2020年研发投入高达11.13亿美元，比2019年提高了18%；意法半导体2019年研发投入高达14.98亿美元，研发费用率达到15.7%。可以看出，持续不断的研发投入是国内厂商追赶国际巨头的必由之路，也是国内厂商发展过程中存在的一大难题。</p>\n<p><img src=\"https://static.tigerbbs.com/94a704fe44b727326660314ba2baeb62\" tg-width=\"1080\" tg-height=\"446\" referrerpolicy=\"no-referrer\"></p>","source":"highlight_zhitongcaijin","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" 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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汽车半导体的机遇\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-25 10:10 北京时间&nbsp;&nbsp;&nbsp;<a href=http://www.zhitongcaijing.com/content/detail/457064.html><strong>智通财经网</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>文章来源于基业常青经济研究院，作者基业常青研究院。\n半导体是指常温下导电性能介于导体与绝缘体之间的材料，广泛运用于消费电子、通讯互联、智能制造、新能源汽车、发电照明等各个领域，是关键的电子器件。根据国际惯例、功能、制造技术、应用领域、应用级别等标准，可将半导体分为不同的类别，每种类别均包含众多细分产品。\n\n// 全球汽车半导体销量持续增长，产业占比稳步提升\n汽车是半导体的重要应用领域，车规级半导体...</p>\n\n<a href=\"http://www.zhitongcaijing.com/content/detail/457064.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/f5e8aba7de194dc92d26747c1cfec057","relate_stocks":{"TSM":"台积电"},"source_url":"http://www.zhitongcaijing.com/content/detail/457064.html","is_english":false,"share_image_url":"https://static.laohu8.com/6ca2dcdccfa2217fb20a0351f4efe814","article_id":"2130362165","content_text":"文章来源于基业常青经济研究院，作者基业常青研究院。\n半导体是指常温下导电性能介于导体与绝缘体之间的材料，广泛运用于消费电子、通讯互联、智能制造、新能源汽车、发电照明等各个领域，是关键的电子器件。根据国际惯例、功能、制造技术、应用领域、应用级别等标准，可将半导体分为不同的类别，每种类别均包含众多细分产品。\n\n// 全球汽车半导体销量持续增长，产业占比稳步提升\n汽车是半导体的重要应用领域，车规级半导体具有技术壁垒高与需求旺盛的特点。汽车级半导体的性能要求高于工业级和消费级半导体，同时，需求量高于军工级和航空航天级半导体，因此，汽车级半导体兼具高技术壁垒和高需求的特点。2019年，全球汽车半导体的用量占半导体总量的12.2%，是仅次于通信、计算机、消费电子之后的第四大应用领域。\n\n汽车半导体的每个发展阶段都伴随着革命性产品的应用，至今已经历五个发展阶段：前四个阶段分别为1970年以前、1970~1980年、1980~2000年、2000~2020年，每个阶段的代表性装车产品成为时代的标志；第五个阶段从2020年开始，随着新能源汽车续航里程、充电速度等技术瓶颈逐步突破，自动驾驶、车联网稳步发展，车载娱乐及辅助驾驶系统性能快速提升，汽车半导体需求持续提升，汽车半导体产业将迎来黄金发展时期。\n\n汽车半导体的种类繁多，根据其用途可分为四类：\n（1）功能芯片（MCU）——把CPU、内存、A/D转换等功能整合而形成的芯片级计算机。\n（2）传感器芯片——处理各种物理、化学和生物传感器等多种信号，实现物理量间的相互转换，如导航芯片、图像CMOS芯片、雷达芯片等；\n（3）功率半导体——主要用于电力设备的电能变换和控制电路等方面，如IGBT、MOSFET、GTR等；\n（4）其它类半导体——主要为LED芯片、车载AI芯片、点火器芯片等众多分散的小类别半导体器件。\nMCU、功率半导体和传感器三者的价值占单车半导体总价值的55%以上，为汽车中价值比重最大的三类半导体。燃油车的MCU、功率半导体和传感器的价值总和占单车半导体总价值的57%，纯电动车的MCU、功率半导体和传感器的价值总和占单车半导体总价值的73%。因此，MCU、功率半导体和传感器是单车半导体价值的最重要组成。\n汽车半导体全球销量持续攀升，2026年将达676亿美元，且汽车半导体在整体半导体市场中的占比逐年提升。IHS数据显示，全球汽车半导体销售额将从2019年的420.4亿美元增长至2026年的676.0亿美元。同时，随着电动化和智能化浪潮的到来，汽车半导体的市场需求将持续攀升。与此同时，全球汽车半导体在半导体市场中的占比已从2010年的7.7%稳步增长至2019年的12.2%，呈现出线性增长趋势。\n\n// 电动化和智能化驱动汽车半导体行业快速发展\n1.政策法规为汽车半导体行业的快速发展保驾护航\n汽车半导体是汽车的核心部件，持续的政策红利推动行业快速发展。半导体广泛分布于汽车的各个控制及电源管理系统，是整车机构部件的“大脑”，协调汽车的正常驾驶功能。为了促进汽车半导体产业的快速发展，弥补国内相关产业的不足，国家持续密集发布了一系列关于汽车半导体的政策法规，支持汽车半导体行业不断完善产业链和持续实现技术突破，为产业的健康发展保驾护航。\n\n2.电动化催生汽车半导体的增量市场\n电动汽车与传统燃油车的结构差异催生汽车半导体的增量市场。相对于传统燃油车来说，电动车在结构上增加了动力电池、电池管理系统（BMS）、电机、电控、逆变器、DC-DC、车载充电、整车控制（VCU）等系统，同时，在基础设施方面增加了充电桩。VCU是根据踏板、档位等信号判断驾驶员驾驶意图并向动力电池、动力系统等发出指令的装置，需要控制芯片的参与；BMS、电控等动力系统同样需要控制芯片的参与；逆变器、DC-DC、充电桩等系统则用到功率半导体器件。\n\n相对于传统燃油车，纯电动车的半导体成本显著增加。Trendforce数据显示，纯电动车的功率半导体成本上升405美元/辆、传感器半导体成本增加78美元/辆、模拟IC成本上升100美元/辆、其它类半导体成本上升95美元/辆，但与发动机相关的半导体成本降低375美元/辆。总体来看，每辆纯电动车的半导体总成本上升303美元，纯电动车半导体成本为传统燃油汽车的1.67倍。\n\n3.智能化拉动下游对汽车半导体的需求增长\n自动驾驶级别越高，所需传感器的数量越多，对传感器类芯片的需求量大增。定位、感知、决策、执行是自动驾驶的重要组成部分，定位、感知是决策和执行的基础，定位和感知主要通过惯性导航、毫米波雷达、激光雷达、超声波雷达、摄像头等传感器来实现，传感器相当于智能汽车的“眼”和“耳”。汽车的智能化程度越高，对“眼”和“耳”精度的要求越高，所需的传感器数量也显著增加，传感器芯片用量随之增加。\n半导体的增量成本随自动驾驶级别的提升而增大，智能汽车渗透率的提升将大幅增加半导体需求。英飞凌数据显示，L4/L5级别自动驾驶汽车的半导体增加的总成本为860美元/辆，L3级别为580美元/辆，L2级别为150美元/辆；L2升级到L3级别半导体成本的涨幅为286.7%，L3升级到L4/L5级别半导体成本涨幅达48.3%。2020年国内智能汽车的渗透率为45%，预计2025年渗透率将达70%，2040年国内智能驾驶渗透率将达100%。由此可见，汽车半导体的未来需求增量空间大。\n\n\n// 纯电动和混动汽车齐放量，千亿国内市场可期\n鉴于传统燃油车、混合动力汽车、纯电动汽车的单车半导体用量有差异，下文通过结合汽车销量趋势、单车半导体成本构成来预测未来汽车半导体的市场空间：\n（1）汽车销量趋势\n新能源汽车销量快速增长，传统汽车将在2023年迎来销量拐点。根据中汽协数据，预计2021年到2025年，中国汽车总销量将从2630万辆增长至3000万辆；纯电动汽车销量将从126.2万辆上升到493.1万辆，年复合增长率为40.6%；传统汽车（包括燃油汽车和轻混汽车）销量将从2474.9万降至2457.6万辆，且在2023年正式迎来销量拐点。\n\n（2）汽车半导体成本构成\n不同动力类型的汽车主要应用到发动机（ICE）、传感器、模拟IC、功率器件等半导体，而纯电动车的发动机半导体趋近于零。因轻混汽车与燃油汽车用半导体的价值量相差较小，可假设二者半导体价值结构一致。英飞凌数据显示，传统汽车（包括燃油汽车和轻混汽车）、混合动力汽车、纯电动汽车的单车半导体价值分别为447美元、735美元和750美元，从传统汽车到纯电动汽车的半导体成本提升幅度显著。\n（3）汽车半导体市场规模测算\n国内汽车半导体稳步发展，2025年市场规模达1038亿元，但传统汽车用半导体仍占汽车半导体市场的70%以上。预计至2025年，传统汽车半导体市场总规模为758亿元，市场规模仍然较大，其中，传统汽车半导体市场中占比最高的为ICE半导体，主要用于动力控制，占比为83%；混合动力汽车半导体市场仅为25亿元，整体市场规模较小，年复合增速为14%；纯电动车半导体市场将达255亿元，年复合增速达41%。对于整个汽车半导体市场来说，规模有望从2021年的843亿元增长至2025年的1038亿元。\n在细分市场方面，功率半导体将从2021年的131亿元增长到2025年的250亿元，年复合增速达18%；2021年到2025年传感器类半导体的总规模将从11亿元增长至31亿元，年复合增长率达30%；ICE相关的半导体保持在一个较为稳定的水平；到2025年，模拟IC的市场规模也将达到75亿元，从2021年到2025年实现了67%的增长。\n\n2 竞争格局：国外垄断MCU、传感器芯片、功率器件等核心汽车半导体市场\n半导体产业主要包括上游支撑产业、中游生产制造和下游应用领域三大部分。上游支撑产业涉及材料及设备两个方面；中游生产制造涉及分立器件、集成电路、光电子器件、传感器等器件，并通过设计、制造和封测等工艺实现；下游为社会生产生活的应用领域，包括航空航天、汽车电子、工业控制、通讯设备、消费电子等领域。本文主要介绍半导体在汽车领域的应用。\n\n// MCU广泛应用于系统控制，国外厂商占据98%的市场份额\n微控制器（简称MCU），是一种将计算机的CPU、RAM、ROM等集成而形成的芯片级计算机，广泛应用于车用仪表、车用防盗装置、充电器、胎压计、温湿度计、传感器等诸多汽车半导体领域。按处理器的位数，主要分为以下三类：\n（1）8位MCU。主要应用于风扇、空调、雨刷、天窗、车窗升降、低阶仪表板、集线盒、座椅、门控模块等较低阶的系统控制。\n（2）16位MCU。主要应用于引擎、齿轮与离合器、电子式涡轮系统、动力传动系统、悬架系统、方向盘、扭力、电子刹车等底盘系统控制。\n（3）32位MCU。主要应用于仪表板、车身、多媒体信息系统、引擎、智能实时性安全系统、动力系统以及X-by-wire系统等的控制。\n\nMCU是汽车电子控制单元（ECU）的重要组成部分。ECU又称为汽车的“行车电脑”，主要通过车载传感器信息、总线数据的采集和交互来判断车辆状态，并结合驾驶员的意图，借助执行系统来操控汽车。常见的ECU有发动机管理系统（EMS）、自动变速箱控制单元（TCU）、车身控制模块（BCU）、车身电子稳定控制系统（ESP）、电池管理系统（BMS）、整车控制器（VCU）等。通常情况下，ECU包括输入处理电路、MCU、输出处理电路、通讯电路、电源电路等组成部分，其中，MCU是ECU的核心。\n\nMCU在汽车上的应用广泛，智能化进一步增加单车用量。MCU应用于汽车的车身、底盘、信息娱乐、动力传动、ADAS等系统，目前单车平均搭载数量超过20个，比如奥迪Q7的用量为38个。随着汽车智能驾驶级别的提升，传感器数量急剧增加，MCU需求量也将快速增长。MCU在传统汽车半导体中的价值占比已超过20%，是价值量占比最大的汽车半导体产品。\n全球车载MCU市场被国外厂商垄断，CR7达到98%。由于车载MCU具有较高的技术壁垒，而国外厂商技术积累深厚，2020年全球车载MCU市场占有率前七的企业均为国外厂商，分别为瑞萨科技（30%）、恩智浦半导体（26%）、英飞凌（14%）、萨拉普斯（9%）、德州仪器（7%）、微芯科技（7%）、意法半导体（5%），前八市占率达到98%，国外厂商实现市场垄断。\n国外厂商占据汽车等高端MCU市场，且多为综合服务提供商；国内MCU厂商处于起步阶段，主要应用领域为消费电子等中低端市场。国外MCU厂商业务规模较大，MCU产品类别较为全面，且具有提供完整的控制系统解决方案的能力，是汽车MCU的综合服务提供商。国内MCU厂商的大部分产品主要应用于家电、多媒体等消费电子领域和工业控制领域，用于汽车领域的MCU成熟产品较少，且产品类别仍不够全面，高端MCU产品量产较少。\n\n// 国外厂商垄断高端传感器芯片市场，国内厂商逐步突破\n传感器是汽车获取实时驾驶状态信息的重要媒介，随着电动化、智能化浪潮的推动，汽车搭载的传感器种类和数量越来越多，发挥的作用也越来越重要。按照用途的不同，汽车传感器芯片主要分为CMOS图像传感器芯片、导航芯片和雷达芯片三种类型：\n（1）CMOS图像传感器芯片\nCMOS图像传感器是固体成像传感器，主要用于机器视觉、安防监控、智能交通、生命科学、生物医疗、电视广播、汽车等成像领域。CMOS图像传感器与CCD（电荷耦合元件）有着共同的历史渊源，但CMOS比CCD的价格降低15%-25%，同时，CMOS芯片可与其它硅基元器件集成利于系统成本的降低。\n全球CMOS传感器芯片市场占有率前七的企业均为国外厂商，占据89%的市场份额，国内厂商通过并购等方式实现突破。索尼是全球CMOS传感器芯片的领军企业，占据接近全球一半（48%）的市场份额，市占率位于2-7位的厂商分别为三星（21%）、豪威科技（7%）、安森美（5%）、佳能（3%）、意法半导体（3%）、海力士（2%），其中豪威已被国内企业韦尔股份收购。国内厂商格科微以2%的市占率排名第10位，但以格科微为代表的国产CMOS传感器芯片厂商的产品主要用于200万、500万像素的摄像头中，多应用于手机等消费电子领域。\n\nCMOS传感器芯片行业壁垒较高，国外巨头主要通过横向或纵向拓展切入该市场，应用领域广泛。国外巨头主要通过上下游联动及并购的方式切入CMOS传感器芯片市场，比如索尼和佳能均从相机、录像机等领域逐步向上游拓展；三星则从电子领域向上游拓展至半导体领域；安森美则通过收购高性能CMOS图像传感器供应商Aptina Imaging进入该领域；国外CMOS传感器芯片的应用领域较为广泛，涉及汽车、通信、计算机、消费电子、工业、医疗等诸多领域。\n国内厂商的大部分产品处于中低端水平，较少开发出并量产应用于汽车等领域的高端CMOS传感器芯片产品。国内CMOS芯片厂商的大部分产品用于中低端手机、平板、通讯、游戏机、监视器等领域，仅有比亚迪等少数厂商能够开发出应用于汽车等领域的高像素CMOS传感器芯片产品，并成功量产。近年来，国内厂商开始发力，如思比科微已开发出800万像素和1200万像素等的中高端芯片产品、韦尔股份通过并购豪威科技切入中高端CMOS传感器芯片市场。\n（2）导航芯片\n导航定位芯片是集32通道GPS定位、GSM话音、GPRS数据通信为一体的SOC片上系统，主要应用于导航定位、卫星通讯、遥感等诸多领域。导航芯片是导航终端的核心，其定位精度、功耗、体积等方面的性能直接影响导航系统的运行表现。\n\n国外导航芯片产业成熟，少数巨头厂商占据大量市场。国外导航芯片产业发展较早，技术积累深厚，已发展成为较为稳定和成熟的产业。美国GPS系统起步较早，博通、高通、德州仪器、SiRF等美国公司积累了大量技术及经验，市场占有率较高，如SiRF公司的GPS芯片产量占全球GPS芯片出货量的70%、博通的导航元器件销售额位列世界前三。与此同时，欧洲在导航芯片领域也有较强的实力。\n国产导航芯片已实现完全自主可控，且领先世界平均水平两代，北斗导航对国内导航市场贡献率将超60%。国产厂商已构建起集芯片、模块、板卡、终端和运营服务为一体的北斗产业链，导航芯片已实现100%国产化。国产北斗三号导航的22nm芯片已进入量产阶段，而目前国际上量产导航定位芯片仍只有40nm的平均制程，至少在工艺上已经领先全球平均水平两代。预计2020年北斗导航对国内导航产业链的贡献率将达到60%，占据绝大部分国内市场份额。\n国内导航芯片产业链逐步完善，相关厂商不断切入，应用领域快速拓展。目前国内主要导航芯片厂商基于传统导航芯片领域不断延展，逐渐发展出多模定位、模块、智能算法、高精度等各类相关产品，并开始进入运动健康、安防监测、广播电视等诸多相关领域，相关厂商数量也不断增加。随着北斗导航系统的不断完善，国内导航芯片行业快速发展。\n\n（3）雷达芯片\n车载雷达主要包括超声波雷达、毫米波雷达和激光雷达三种。其中，国内超声波雷达已发展的相对成熟，技术壁垒不高；毫米波雷达技术壁垒较高，且是智能汽车的重要传感器，目前处于快速发展的阶段；激光雷达技术壁垒高，是高级别自动驾驶的重要传感器，但目前成本昂贵、过车规难、落地难。下文主要对毫米波雷达芯片的发展做简要的说明。\n毫米波雷达芯片是由单片微波集成电路（MMIC）及DSP/FPGA两种芯片构成的芯片组合，是一种容量大、传输速度快、信息处理高效的专用芯片,两种芯片的简介如下：\na．MMIC芯片\nMMIC芯片属于毫米波雷达前端收发组件，是核心射频组成部分，相比于HMIC（混合微波集成电路）芯片，MMIC芯片具有设计难度低、性价比高的特点，是未来毫米波雷达市场的主流芯片。\n车载毫米波雷达MMIC芯片被国外厂商垄断，国内厂商处于起步阶段。国外车载毫米波雷达行业起步较早，技术积累深厚。技术实力较强的国外厂商主要有英飞凌、恩智浦、德州仪器、意法半导体、飞思卡尔等。国内的科研院所以及部分初创企业已开始积极研发MMIC芯片，但仍处于起步阶段，其中，厦门意行半导体已实现在24GHz SiGe射频前端芯片的量产、加特兰和岸达科技也陆续发布了77GHz CMOS毫米波雷达芯片。\nb．DSP/FPGA芯片\nDSP/FPGA芯片的主要功能是实现毫米波雷达的数字信号处理，但两种芯片具有不同的特点。DSP芯片可快速即时处理复杂的算法，而FPGA可完成大规模的大数据底层算法，各有优缺点，因此，将两种芯片组合使用是现阶段的主流技术方案。数据信号处理芯片的供应商主要来自国外，国内尚无相关企业。国外主要生产厂商有英飞凌、意法半导体、飞思卡尔、赛灵思、莱迪思等。\n// 国内功率半导体厂商发展势头良好，国产替代加速\n功率半导体器件（又称电力电子器件）是电力电子装置实现电能转换、电源管理的核心器件，在实现变频、变压、整流、功率转换和管理功能的同时，兼具节能的功效。功率半导体器件主要包括功率模组、功率集成电路（功率IC）和分立器件三大类，其中，功率模组是由多个分立功率半导体器件模块化封装而成；功率IC则是将分立功率半导体器件与驱动、控制、保护、接口、监测等集成电路组合而成，故分立器件是功率半导体的关键。\n功率半导体按是否可控可分为不可控型、半控型、全控型三类，其中全控型功率半导体技术要求最高，主要包括MOSFET、IGBT、GTR等产品，全控型产品的大部分市场份额被国外厂商占据，是目前国产替代的主要方向；按驱动方式可分为电流驱动和电压驱动，电流驱动包括三极管BJT等，电压驱动包括MOSFET、IGBT等产品。\n\nMOSFET和IGBT是两种最重要的功率分立器件。与BJT相比，MOSFET和IGBT均为电压驱动型，且具有驱动电路简单、输入阻抗高、驱动功率小等优势。与此同时，MOSFET的开关频率高且电流大，但耐压程度要略逊一筹，故主要用于高频电源领域；IGBT的开关频率相对适中，但可以承受大电流及电压，主要应用于逆变器、变频器、感应加热等领域。\n\n（1）IGBT\nIGBT（绝缘栅双极型晶体管）是由双极型三极管和绝缘栅型场效应管组成的复合全控型功率半导体器件，广泛应用于轨道交通、智能电网、航空航天、电动汽车与新能源装备等领域。\n国外IGBT产业较为成熟，具有完整的产品体系，且国外头部厂商占全球IGBT市场份额的78.6%。国外主要IGBT厂商的技术成熟、产品体系丰富，能够满足各应用领域的差异化需求，产品已经广泛应用于能源、汽车、化工、机械等众多领域。Omdia数据显示，2019年全球IGBT市场占有率前十的厂商中有九家是国外厂商，分别是英飞凌、三菱电机、富士机电、赛米控、威科、日立、丹佛斯、东芝、ABB，国外厂商市占率超78.6%；国内厂商只有斯达半导进入前十，占比仅为2.5%。2019年国内新能源汽车IGBT模块市场占有率前十中有比亚迪、斯达半导、中车三家企业入围，且三家企业的市占率达到37.7%，发展势头良好。\n国内IGBT产业快速发展，关键技术实现突破，国产替代加速。斯达半导、比亚迪半导体、中车时代、士兰微、吉林华微等核心厂商依靠持续高研发投入，逐步突破了IGBT关键技术。斯达半导、中车时代均开发出了高压IGBT模块，与此同时，2019年比亚迪半导体IGBT的供货量为19.4万套，占国内市场的18%。随着国内IGBT厂商竞争力的逐步增强，IGBT的国产替代进程加速。\n\n（2）MOSFET\nMOSFET（金属-氧化物半导体场效应晶体管）是一种可以广泛使用在模拟电路与数字电路的场效晶体管，具有工作速度快、故障率低、开关损耗小、扩展性好等优点，主要应用于电源、发频器、CPU及显卡、通讯、汽车电子等多个领域。\n\n国外头部厂商占据全球MOSFET市场81.2%的份额，国内厂商安世半导体、华润微位居第八、九位。2019年全球MOSFET市场占有率前三位的厂商分别是英飞凌（24.6%）、安森美（12.8%）、意法半导体（9.5%），CR3达46.9%；国内厂商安世半导体排名第八（占4.1%市场份额），华润微市占率进入前十（占3.0%市场份额）。因此，在全球MOSFET市场的竞争中，国内厂商仍处于追赶的状态。\n\n国外MOSFET厂商技术积累深厚，能够提供完整的产品解决方案，国内厂商的产品体系渐趋完善。国外MOSFET厂商深耕功率半导体领域多年，技术实力强，能够提供从MOSFET、功率IC到功率SoC等完整的MOSFET解决方案服务体系。国内MOSFET厂商通过长期的研发积累，逐渐设计并制造出全系列的MOSFET产品，如华润微电子已成功开发出-100V至1500V范围内的低中高压全系列MOSFET、长电科技则已形成多系列MOSFET产品体系。随着国内技术的提升和经验的积累，国产MOSFET产品体系日臻完善，实现国产替代指日可待。\n3 行业壁垒：严要求、高投入筑造行业护城河\n// 高标准和严要求构建行业准入壁垒\n汽车行业注重质量管控和功能安全，准入门槛高。ISO/IATF16949是汽车行业质量管理的标准，适用于主机厂及其供应商，是全球通用的的汽车行业质量管理标准；ISO 26262是汽车行业功能安全的标准，该标准的认证通过较难。汽车零部件相关企业必须获得相关资质才能为主机厂供货，所以汽车行业的准入门槛普遍偏高。\n汽车半导体除了汽车行业通用的规范外，还有更严苛的车规级认证标准。AEC-Q系列标准是针对汽车半导体的车规级认证标准，对汽车半导体提出了更严苛的要求，如车载芯片对故障率要求是百万分之一，大部分车厂对车用芯片故障率要求甚至达到十亿分之一，而消费级芯片对故障率的要求只有千分之一。除此之外，汽车半导体对温度、湿度、发霉、粉尘、盐碱环境、EMC及有害气体侵蚀等方面都有严格的要求。\n\n// 持续的时间和资金投入带来高技术壁垒\n汽车半导体开发周期长，对产品开发经验要求高。汽车半导体生产厂商必须通过严苛的产品认证后方可进入汽车产业链，且通过认证时间较长。汽车半导体生产厂商必须在产品批量生产前与目标客户合作研发，以验证产品的可靠性，并根据客户的需求不断的调整相关技术方案以适配特定的应用场景。同时，汽车半导体在不同主机厂、不同零部件的应用上存在差异性，对生产商的定制化水平提出了更高的要求，也需要时间来积累相关的经验，以快速响应并开发出满足客户要求的产品。\n汽车半导体的高要求需要持续的资金投入，以实现技术的突破和创新，保持市场竞争力。汽车半导体产品在设计、制造、封测等各个环节均有较高的技术壁垒，近年来国际主要汽车半导体厂商均通过大量研发投入来提升技术水平，以保持市场竞争优势。英飞凌2020年研发投入高达11.13亿美元，比2019年提高了18%；意法半导体2019年研发投入高达14.98亿美元，研发费用率达到15.7%。可以看出，持续不断的研发投入是国内厂商追赶国际巨头的必由之路，也是国内厂商发展过程中存在的一大难题。","news_type":1},"isVote":1,"tweetType":1,"viewCount":81,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":376542046,"gmtCreate":1619138847185,"gmtModify":1704720189201,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/376542046","repostId":"2129336009","repostType":4,"isVote":1,"tweetType":1,"viewCount":71,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":814847219,"gmtCreate":1630808546231,"gmtModify":1676530398152,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Nice read","listText":"Nice read","text":"Nice read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/814847219","repostId":"813462031","repostType":1,"repost":{"id":813462031,"gmtCreate":1630232371223,"gmtModify":1676530248262,"author":{"id":"3561958952819268","authorId":"3561958952819268","name":"ARK女神","avatar":"https://static.tigerbbs.com/3f4dec49acccdeef585e67230709521a","crmLevel":3,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3561958952819268","authorIdStr":"3561958952819268"},"themes":[],"title":"?【當一個全職的股票投資者，生活真的會來得更舒適嗎❓】?","htmlText":"身爲一個全職股票投資者，首先，你一定要有一定的本錢與良好的成績你纔好考慮當個全職股票投資者。要不然你很大可能會放棄，因爲你需要承受太多壓力，好比金錢上的壓力是每個人最大的煩惱。在你想要當全職股票投資者時，你需要好好考慮好幾件事情才做決定。 1. 你手頭上有沒有很多負擔像是房貸，車貸，家裏的開銷，還是卡債。然後你得問一下你自己你喜歡投資嗎，喜歡股票嗎❓?當全職投資者，是個很納悶的工作。你除了每天看着股票，研究股票，你也需要有朋友一起聊聊股票，一起訴苦，不然的話日子也是很難過的。 2. 不單單只是投資而已，你也需要分配好資金，比如一些資金是投資成長的公司，一些是投機在高風險的股票賺取零用錢，別聽那些人說一定要長期投資還是持有，那是因爲他們買在高點所以中套了才那麼說。不是每個人都有那個耐心，你如果是個全職投資者，你也是需要吃飯，所以投機也是個必學的功夫。如果你的生活是靠股市來生活，你需要很大的勇氣才能當一個全職投資者。每個人都有個人的方法，但是最重要是你需要賺到錢。 3. 股市好還是壞其實也能賺到錢，你學完了全部的基本面和技術面也不一定包你在股市裏賺到錢，其實最重要的是你需穩定的情緒管理，資金的管理和各種各樣在股市裏的經驗。你需要嘗試過輸錢的經歷和賺錢的感受，但是你必須達到一個目標就是輸錢或贏錢時你也不會有什麼感受。這一點應該每個人都很難做到吧！所以我想說，不是每個人能承受這種壓力。當你是個員工，你基本上可以過個簡單的生活，也不需要煩惱金錢上的問題，你每個月都會得到穩定的收入，你只會煩惱你完成工作的期限以及需要完成什麼工作給老闆罷了。 5. 當一個全職股票投資者，你的思想思維就要像一個老闆在做生意那樣，然後把你的資金變大，如何管理好你的資金，然後保持賺錢的狀態(贏多輸少) 。你最開心的事情莫過於你沒有員工，不需要煩惱如果沒賺錢要如何給員工工錢，你只需要對自己和家人負責罷了。有的也","listText":"身爲一個全職股票投資者，首先，你一定要有一定的本錢與良好的成績你纔好考慮當個全職股票投資者。要不然你很大可能會放棄，因爲你需要承受太多壓力，好比金錢上的壓力是每個人最大的煩惱。在你想要當全職股票投資者時，你需要好好考慮好幾件事情才做決定。 1. 你手頭上有沒有很多負擔像是房貸，車貸，家裏的開銷，還是卡債。然後你得問一下你自己你喜歡投資嗎，喜歡股票嗎❓?當全職投資者，是個很納悶的工作。你除了每天看着股票，研究股票，你也需要有朋友一起聊聊股票，一起訴苦，不然的話日子也是很難過的。 2. 不單單只是投資而已，你也需要分配好資金，比如一些資金是投資成長的公司，一些是投機在高風險的股票賺取零用錢，別聽那些人說一定要長期投資還是持有，那是因爲他們買在高點所以中套了才那麼說。不是每個人都有那個耐心，你如果是個全職投資者，你也是需要吃飯，所以投機也是個必學的功夫。如果你的生活是靠股市來生活，你需要很大的勇氣才能當一個全職投資者。每個人都有個人的方法，但是最重要是你需要賺到錢。 3. 股市好還是壞其實也能賺到錢，你學完了全部的基本面和技術面也不一定包你在股市裏賺到錢，其實最重要的是你需穩定的情緒管理，資金的管理和各種各樣在股市裏的經驗。你需要嘗試過輸錢的經歷和賺錢的感受，但是你必須達到一個目標就是輸錢或贏錢時你也不會有什麼感受。這一點應該每個人都很難做到吧！所以我想說，不是每個人能承受這種壓力。當你是個員工，你基本上可以過個簡單的生活，也不需要煩惱金錢上的問題，你每個月都會得到穩定的收入，你只會煩惱你完成工作的期限以及需要完成什麼工作給老闆罷了。 5. 當一個全職股票投資者，你的思想思維就要像一個老闆在做生意那樣，然後把你的資金變大，如何管理好你的資金，然後保持賺錢的狀態(贏多輸少) 。你最開心的事情莫過於你沒有員工，不需要煩惱如果沒賺錢要如何給員工工錢，你只需要對自己和家人負責罷了。有的也","text":"身爲一個全職股票投資者，首先，你一定要有一定的本錢與良好的成績你纔好考慮當個全職股票投資者。要不然你很大可能會放棄，因爲你需要承受太多壓力，好比金錢上的壓力是每個人最大的煩惱。在你想要當全職股票投資者時，你需要好好考慮好幾件事情才做決定。 1. 你手頭上有沒有很多負擔像是房貸，車貸，家裏的開銷，還是卡債。然後你得問一下你自己你喜歡投資嗎，喜歡股票嗎❓?當全職投資者，是個很納悶的工作。你除了每天看着股票，研究股票，你也需要有朋友一起聊聊股票，一起訴苦，不然的話日子也是很難過的。 2. 不單單只是投資而已，你也需要分配好資金，比如一些資金是投資成長的公司，一些是投機在高風險的股票賺取零用錢，別聽那些人說一定要長期投資還是持有，那是因爲他們買在高點所以中套了才那麼說。不是每個人都有那個耐心，你如果是個全職投資者，你也是需要吃飯，所以投機也是個必學的功夫。如果你的生活是靠股市來生活，你需要很大的勇氣才能當一個全職投資者。每個人都有個人的方法，但是最重要是你需要賺到錢。 3. 股市好還是壞其實也能賺到錢，你學完了全部的基本面和技術面也不一定包你在股市裏賺到錢，其實最重要的是你需穩定的情緒管理，資金的管理和各種各樣在股市裏的經驗。你需要嘗試過輸錢的經歷和賺錢的感受，但是你必須達到一個目標就是輸錢或贏錢時你也不會有什麼感受。這一點應該每個人都很難做到吧！所以我想說，不是每個人能承受這種壓力。當你是個員工，你基本上可以過個簡單的生活，也不需要煩惱金錢上的問題，你每個月都會得到穩定的收入，你只會煩惱你完成工作的期限以及需要完成什麼工作給老闆罷了。 5. 當一個全職股票投資者，你的思想思維就要像一個老闆在做生意那樣，然後把你的資金變大，如何管理好你的資金，然後保持賺錢的狀態(贏多輸少) 。你最開心的事情莫過於你沒有員工，不需要煩惱如果沒賺錢要如何給員工工錢，你只需要對自己和家人負責罷了。有的也","images":[],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/813462031","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":378,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":813016318,"gmtCreate":1630113561134,"gmtModify":1676530227275,"author":{"id":"3579062902062757","authorId":"3579062902062757","name":"skysun","avatar":"https://static.tigerbbs.com/858b1484936ee9e3b563f6dd7706410c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3579062902062757","authorIdStr":"3579062902062757"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/813016318","repostId":"832881553","repostType":1,"repost":{"id":832881553,"gmtCreate":1629606234772,"gmtModify":1676530078773,"author":{"id":"3507165607850338","authorId":"3507165607850338","name":"JRcapital","avatar":"https://static.tigerbbs.com/8b5a6dd40cd8a471b6b40adb6a0604ce","crmLevel":7,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3507165607850338","authorIdStr":"3507165607850338"},"themes":[],"title":"最近看了一篇文章，心情澎湃。（致期權愛好者）","htmlText":"各位虎友，週末愉快，以後爭取每週發一篇期權策略相關的文章，大家有看到好的文章可以推薦給我，一起討論學習其中的期權策略。最近看到一篇\"22萬美金覆盤“的文章，看了之後心情很澎湃，給我們這樣常年期權歸零的期權愛好者是一個很大的鼓舞和一劑強心劑。再次鳴謝老虎證券和文章作者的分享，我認真的進行了拜讀，跟各位虎友一起學習學習。（提前申明：此文如有不合適之處，如有侵權之處，請聯繫我改正文章或刪除文章。）此圖是我今年的投資戰況，今年和往常一樣又是歸零的一年，年年歲歲虧損歸零，歲歲年年股票不同。一直在探索適合自己的期權策略，目前還未成功，但希望這一天不遠。下圖是“22萬美金覆盤”作者的資產回顧，投去22萬次羨慕的眼光。言歸正傳，作爲期權愛好者，我們很想知道，上文作者如何利用期權策略，從6月初的7千美金到8月初的22萬美金。我們主要分析上文作者主要的兩次期權盈利操作，BNTX和MRNA。上文作者的期權策略很簡單，就是中長期的CALL,買入到期時間還有大概6個月的看漲期權，買入之後股價基本都是翻倍。作爲期權愛好者，值得我們學習的地方。兩次操作取到巨大成功的因素分析：宏觀分析和個股分析，以及技術分析。最後，寫在最後的感悟，投資是一場心靈脩煉之路，通過一次次的失敗走向成功。投資最考驗人的心理素質，我們會面臨着許多考驗，比如，買的股票漲了捨不得賣，最後又回調了，虧損了。然後虧損了也捨不得割，最後被套牢了。如果每隻操作的股票，我們都面臨着何時買入和何時賣出的靈魂考驗，那麼我們最終大概率都會虧光。所以，我們要去設計自己的交易策略，然後去實際操作檢驗它，直到找到適合自己的操作策略。比如上文作者的交易策略就是利用中長期CALL操作自己通過宏觀分析、技術分析、個股分析合適的股票買入，我想上文作者找到適合他自己的操作策略之前，一定也經歷了數不清的虧損和心理壓力，現在的成功是一直保持學習和實踐的結果。股市裏的錢就","listText":"各位虎友，週末愉快，以後爭取每週發一篇期權策略相關的文章，大家有看到好的文章可以推薦給我，一起討論學習其中的期權策略。最近看到一篇\"22萬美金覆盤“的文章，看了之後心情很澎湃，給我們這樣常年期權歸零的期權愛好者是一個很大的鼓舞和一劑強心劑。再次鳴謝老虎證券和文章作者的分享，我認真的進行了拜讀，跟各位虎友一起學習學習。（提前申明：此文如有不合適之處，如有侵權之處，請聯繫我改正文章或刪除文章。）此圖是我今年的投資戰況，今年和往常一樣又是歸零的一年，年年歲歲虧損歸零，歲歲年年股票不同。一直在探索適合自己的期權策略，目前還未成功，但希望這一天不遠。下圖是“22萬美金覆盤”作者的資產回顧，投去22萬次羨慕的眼光。言歸正傳，作爲期權愛好者，我們很想知道，上文作者如何利用期權策略，從6月初的7千美金到8月初的22萬美金。我們主要分析上文作者主要的兩次期權盈利操作，BNTX和MRNA。上文作者的期權策略很簡單，就是中長期的CALL,買入到期時間還有大概6個月的看漲期權，買入之後股價基本都是翻倍。作爲期權愛好者，值得我們學習的地方。兩次操作取到巨大成功的因素分析：宏觀分析和個股分析，以及技術分析。最後，寫在最後的感悟，投資是一場心靈脩煉之路，通過一次次的失敗走向成功。投資最考驗人的心理素質，我們會面臨着許多考驗，比如，買的股票漲了捨不得賣，最後又回調了，虧損了。然後虧損了也捨不得割，最後被套牢了。如果每隻操作的股票，我們都面臨着何時買入和何時賣出的靈魂考驗，那麼我們最終大概率都會虧光。所以，我們要去設計自己的交易策略，然後去實際操作檢驗它，直到找到適合自己的操作策略。比如上文作者的交易策略就是利用中長期CALL操作自己通過宏觀分析、技術分析、個股分析合適的股票買入，我想上文作者找到適合他自己的操作策略之前，一定也經歷了數不清的虧損和心理壓力，現在的成功是一直保持學習和實踐的結果。股市裏的錢就","text":"各位虎友，週末愉快，以後爭取每週發一篇期權策略相關的文章，大家有看到好的文章可以推薦給我，一起討論學習其中的期權策略。最近看到一篇\"22萬美金覆盤“的文章，看了之後心情很澎湃，給我們這樣常年期權歸零的期權愛好者是一個很大的鼓舞和一劑強心劑。再次鳴謝老虎證券和文章作者的分享，我認真的進行了拜讀，跟各位虎友一起學習學習。（提前申明：此文如有不合適之處，如有侵權之處，請聯繫我改正文章或刪除文章。）此圖是我今年的投資戰況，今年和往常一樣又是歸零的一年，年年歲歲虧損歸零，歲歲年年股票不同。一直在探索適合自己的期權策略，目前還未成功，但希望這一天不遠。下圖是“22萬美金覆盤”作者的資產回顧，投去22萬次羨慕的眼光。言歸正傳，作爲期權愛好者，我們很想知道，上文作者如何利用期權策略，從6月初的7千美金到8月初的22萬美金。我們主要分析上文作者主要的兩次期權盈利操作，BNTX和MRNA。上文作者的期權策略很簡單，就是中長期的CALL,買入到期時間還有大概6個月的看漲期權，買入之後股價基本都是翻倍。作爲期權愛好者，值得我們學習的地方。兩次操作取到巨大成功的因素分析：宏觀分析和個股分析，以及技術分析。最後，寫在最後的感悟，投資是一場心靈脩煉之路，通過一次次的失敗走向成功。投資最考驗人的心理素質，我們會面臨着許多考驗，比如，買的股票漲了捨不得賣，最後又回調了，虧損了。然後虧損了也捨不得割，最後被套牢了。如果每隻操作的股票，我們都面臨着何時買入和何時賣出的靈魂考驗，那麼我們最終大概率都會虧光。所以，我們要去設計自己的交易策略，然後去實際操作檢驗它，直到找到適合自己的操作策略。比如上文作者的交易策略就是利用中長期CALL操作自己通過宏觀分析、技術分析、個股分析合適的股票買入，我想上文作者找到適合他自己的操作策略之前，一定也經歷了數不清的虧損和心理壓力，現在的成功是一直保持學習和實踐的結果。股市裏的錢就","images":[{"img":"https://static.tigerbbs.com/de38019e53785a7dab32a01ef76d20e1"},{"img":"https://static.tigerbbs.com/d5fb2d5b2737d762b080ab9914e4de11"},{"img":"https://static.tigerbbs.com/ede71012afe33b6c5655488473ac64bc"}],"top":1,"highlighted":2,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/832881553","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":6,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":328,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}