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山那边的英英子
2022-11-29
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山那边的英英子
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Inc.(U)$","images":[{"img":"https://community-static.tradeup.com/news/6d138e927c34bc989fcdee0fdc1fa4e4","width":"1125","height":"2472"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9960115417","isVote":1,"tweetType":1,"viewCount":561,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9987763659,"gmtCreate":1667998139271,"gmtModify":1676537996285,"author":{"id":"3581939067431343","authorId":"3581939067431343","name":"山那边的英英子","avatar":"https://static.tigerbbs.com/8c8a7304c7112e9c83de3d44c85ec252","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581939067431343","idStr":"3581939067431343"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/DIS\">$Walt Disney(DIS)$ </a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/DIS\">$Walt Disney(DIS)$ </a><v-v data-views=\"1\"></v-v>","text":"$Walt Disney(DIS)$","images":[{"img":"https://community-static.tradeup.com/news/953d439171a26598ee1bb2bc69705234","width":"1125","height":"2688"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987763659","isVote":1,"tweetType":1,"viewCount":605,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9987268290,"gmtCreate":1667921749610,"gmtModify":1676537985233,"author":{"id":"3581939067431343","authorId":"3581939067431343","name":"山那边的英英子","avatar":"https://static.tigerbbs.com/8c8a7304c7112e9c83de3d44c85ec252","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581939067431343","idStr":"3581939067431343"},"themes":[],"htmlText":"u","listText":"u","text":"u","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987268290","repostId":"9987263344","repostType":1,"repost":{"id":9987263344,"gmtCreate":1667921274989,"gmtModify":1676537985122,"author":{"id":"3479274799416327","authorId":"3479274799416327","name":"marketpre","avatar":"https://static.tigerbbs.com/3bdd403049856caa030d5acaf3e72506","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3479274799416327","idStr":"3479274799416327"},"themes":[],"title":"2 Top Tech Stocks to Buy for This Important Reason","htmlText":"Investing in cash-rich companies is a smart strategy during bear markets.Microsoft (MSFT) and Texas Instruments (TXN) are two tech firms that have been around for decades and successfully navigated several downturns. The important reason these companies keep going is their combination of industry leadership and financial strength.With the stocks of Microsoft and TI down 34% and 16%, respectively, year to date, the market dip presents an excellent opportunity to invest in these leaders at attractive valuations. Let's look at where Microsoft and TI are investing to drive long-term growth.Microsoft is on offenseDominant Microsoft has seen its share price fall 34% year to date. The software giant reported stable growth in its latest earnings report. Revenue w","listText":"Investing in cash-rich companies is a smart strategy during bear markets.Microsoft (MSFT) and Texas Instruments (TXN) are two tech firms that have been around for decades and successfully navigated several downturns. The important reason these companies keep going is their combination of industry leadership and financial strength.With the stocks of Microsoft and TI down 34% and 16%, respectively, year to date, the market dip presents an excellent opportunity to invest in these leaders at attractive valuations. Let's look at where Microsoft and TI are investing to drive long-term growth.Microsoft is on offenseDominant Microsoft has seen its share price fall 34% year to date. The software giant reported stable growth in its latest earnings report. Revenue w","text":"Investing in cash-rich companies is a smart strategy during bear markets.Microsoft (MSFT) and Texas Instruments (TXN) are two tech firms that have been around for decades and successfully navigated several downturns. The important reason these companies keep going is their combination of industry leadership and financial strength.With the stocks of Microsoft and TI down 34% and 16%, respectively, year to date, the market dip presents an excellent opportunity to invest in these leaders at attractive valuations. Let's look at where Microsoft and TI are investing to drive long-term growth.Microsoft is on offenseDominant Microsoft has seen its share price fall 34% year to date. The software giant reported stable growth in its latest earnings report. Revenue w","images":[{"img":"https://community-static.tradeup.com/news/e6dd0b6e6e33d48273f12b4b3a351059","width":"-1","height":"-1"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9987263344","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":775,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9987268927,"gmtCreate":1667921666969,"gmtModify":1676537985199,"author":{"id":"3581939067431343","authorId":"3581939067431343","name":"山那边的英英子","avatar":"https://static.tigerbbs.com/8c8a7304c7112e9c83de3d44c85ec252","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581939067431343","idStr":"3581939067431343"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/DIS\">$Walt Disney(DIS)$</a><v-v 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11:10","market":"us","language":"en","title":"The 7 Best Tech Stocks to Buy in November","url":"https://stock-news.laohu8.com/highlight/detail?id=1148576482","media":"InvestorPlace","summary":"These best tech stocks to buy all feature low risk and deep discounts.Nvidia(NVDA): Shares appear si","content":"<div>\n<p>These best tech stocks to buy all feature low risk and deep discounts.Nvidia(NVDA): Shares appear significantly undervalued following a steep sell-off.Adobe(ADBE): Its income-statement performance is ...</p>\n\n<a href=\"https://investorplace.com/best-tech-stocks/\">Source Link</a>\n\n</div>\n","source":"investorplace","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 7 Best Tech Stocks to Buy in November</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 7 Best Tech Stocks to Buy in November\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-30 11:10 GMT+8 <a href=https://investorplace.com/best-tech-stocks/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>These best tech stocks to buy all feature low risk and deep discounts.Nvidia(NVDA): Shares appear significantly undervalued following a steep sell-off.Adobe(ADBE): Its income-statement performance is ...</p>\n\n<a href=\"https://investorplace.com/best-tech-stocks/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NVDA":"英伟达","NXPI":"恩智浦","TSM":"台积电","AMAT":"应用材料","ADBE":"Adobe","INTC":"英特尔","LRCX":"拉姆研究"},"source_url":"https://investorplace.com/best-tech-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1148576482","content_text":"These best tech stocks to buy all feature low risk and deep discounts.Nvidia(NVDA): Shares appear significantly undervalued following a steep sell-off.Adobe(ADBE): Its income-statement performance is impressive.Intel(INTC): Shares look compelling at this deeply discounted price.Taiwan Semiconductor(TSM): It’s a profit-generating machine.Applied Materials(AMAT): Its returns on equity and assets are among the best in the chip industry.Lam Research(LRCX): Its ROE and ROA are even better than those of Applied Materials.NXP Semiconductors(NXPI): It’s perhaps the riskiest of the bunch but may offer greater rewards.Tech stocks have suffered disproportionately in the current bear market, as they tend to do in every bear market. But the bullish long-term bias of the market tells us that stocks will almost certainly resume their uptrend. When they do, nearly all tech stocks should bounce to some extent, but the best tech stocks could soar.Historically, the broader market tends to perform well during the November-to-April timespan. Of course, this is no guarantee for success. Still, it adds a powerful backdrop for those looking to put capital to work in one of the more speculative sectors of the market.In searching for the best tech stocks to buy, we’re sticking with financial data. Leveraging the analytical tools ofGuruFocus.com, the below equities all feature fundamentally low risk and discounted prices.Here are the best tech stocks to buy in November.Nvidia (NVDA)A multinational technology firm, Nvidia(NASDAQ:NVDA) primarily garnered attention through its specialty in graphics processing units. However, the company also made significant investments in deep learning and protocols involving artificial intelligence. Currently, the company commands a market capitalization of $345 billion. On a year-to-date basis, NVDA is down 53%.Despite the steep losses, contrarian investors should consider gradually picking up shares.GuruFocus utilizes proprietary calculations to determine that NVDA stock is significantly undervalued. Based on more traditional metrics, Nvidia features excellent income-statement performance figures. For instance, the company’s three-year revenue growth rate stands at 31.3%. Its book growth rate during the aforementioned period hit 40.2%. Both stats rank at least near the 90th percentile for the industry. On the bottom line, Nvidia carries a net margin of 26%. This ranks above 87% of the competition.To top it off, NVDA is tethered to a strong balance sheet. Mainly, its Altman Z-Score is a lofty 12 points, reflecting extremely low bankruptcy risk. Thus, NVDA easily ranks among the best tech stocks to buy in November.Adobe (ADBE)Adobe(NASDAQ:ADBE) is a software company that mainly aligns with creatives. Historically, it’s known for the creation and publication of a wide range of content, including graphics, photography, illustration, animation, multimedia/video, motion pictures and print. Currently, Adobe carries a market cap of $151 billion after slipping 43% year to date.Again, based onGuruFocus’proprietary metrics, Adobe rates as significantly undervalued. One traditional metric regarding valuation to consider is its price-earnings-growth ratio of 1.09. This rates favorably below the industry median of 1.4 times.However, Adobe draws the most attention for its income statement-related performance. For example, the company’s three-year revenue growth rate and free cash flow growth rate stand at 21.9% and 23.7%, respectively. Both figures rank conspicuously above sector averages.On the bottom line, Adobe carries a net margin of 28%, well above the industry median of 1.9%. Throw in a stable balance sheet and you have another solid candidate for best tech stocks to buy in November.Intel (INTC)One of the powerhouses in the semiconductor industry, Intel(NASDAQ:INTC) represents the world’s second-largest semiconductor chip manufacturer by revenue. Per its corporate profile, it’s also one of the developers of the x86 series of instruction sets, the instruction sets found in most personal computers. Presently, INTC commands a market cap of $119 billion and is down 44% for the year.Despite sharp losses, INTC is among the best tech stocks to buy in November. Notably, INTC is significantly undervalued based on traditional metrics. Its forward P/E ratio is 10.1, below the industry median of 13.7. Also, its Shiller P/E ratio is 7.6, below the sector median of nearly 24.On the income statement, Intel features an overall solid profile. Its three-year book growth rate stands at 12.4%, above 61.5% of the competition. For net margin, it hit 26%, better than 87% of its peers.Taiwan Semiconductor (TSM)A multinational semiconductor firm, Taiwan Semiconductor (NYSE:TSM) represents the world’s most valuable semiconductor company, the world’s largest dedicated independent semiconductor foundry, and one of Taiwan’s largest companies, per its public profile. Presently, TSM commands a market cap of nearly $322 billion and is down 48% year to date.Despite the severe erosion of equity value, TSM ranks among the best tech stocks to buy in November for contrarians. PerGuruFocus, TSM is significantly undervalued. The company’s forward P/E ratio is 10.9 is below the industry median of 13.7. Also, its price-to-owner earnings ratio is 10.5, below the industry median of 16.1.Primarily, though, TSM is all about its profitability machine. Gross, operating and net margins hit 55%, 44.7% and 40.6% respectively. Each of these metrics was well above sector median levels. As well, TSM enjoys solid growth figures, with its three-year revenue growth rate coming in at 15.5%. This ranks above 68.5% of the competition.Applied Materials (AMAT)Applied Materials(NASDAQ:AMAT) represents the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world, per its website. Currently, Applied Materials features a market cap of $77 billion, and the stock is down 43% year to date.PerGuruFocus, AMAT stock is significantly undervalued. A notable standout in terms of traditional metrics is its PEG ratio of 0.56. This ranks favorably below the industry median of 0.75.Primarily, though, Applied Materials will likely draw attention as one of the best tech stocks to buy in November because of its high-quality business. Specifically, the company’s return on equity and return on assets hit 55.5% and 26.1%, respectively. Both stats rank among the upper echelons of the semiconductor industry.To top it off, AMAT features a stable balance sheet. Most prominently, its Altman Z-Score of 7.5 implies low bankruptcy risk.Lam Research (LRCX)Lam Research(NASDAQ:LRCX) is an American supplier of wafer fabrication equipment and related services to the semiconductor industry. Currently, the company carries a market cap of slightly over $55 billion after falling 44% year to date. The stock’s average daily volume is approximately 1.9 million shares.Fundamentally, the case for LRCX as one of the top tech stocks to buy in November is two-fold. First, Lam represents a high-quality business. Its return on equity is a blistering 75.8%. That’s above 99% of the semiconductor industry. As well, the company’s return on assets hit 28.6%, ranking above 97% of its peers.Second, Lam enjoys outstanding sales-related performance. For example, its three-year revenue growth rate is 26.6%, better than 84% of the competition. As well, the company’s book growth rate during the same period is 11.9%, better than nearly 60% of its rivals.NXP Semiconductors (NXPI)Netherlands-based NXP Semiconductors(NASDAQ:NXPI) is a semiconductor designer and manufacturer. After falling 33% this year, it has a market cap of roughly $40 billion. Average trading volume is around 2.1 million shares a day.Interestingly, the YTD performance makes NXP one of the better-performing semiconductor firms. However, that’s not the reason why it’s on this list of best tech stocks to buy in November. Fundamentally, the stock is significantly undervalued based on proprietary calculations. And its forward P/E ratio of 10.6 is below the industry median of 13.7 times.The company enjoys substantive profitability margins, including an operating margin of 27%, which ranks above 84% of its peers. It’s also a high-quality business with a return on equity of nearly 36%.About the one glaring risk factor is balance sheet stability. Its Altman Z-Score pings at 2.4, which is in a gray zone. 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stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1663163318,"share":"https://ttm.financial/m/news/1159676379?lang=en_US&edition=fundamental","pubTime":"2022-09-14 21:48","market":"us","language":"en","title":"Energy Stocks Gained in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1159676379","media":"Tiger Newspress","summary":"Energy stocks gained in morning trading. Occidental, Chevron, BP, Halliburton, Callon and Exxon Mobi","content":"<html><head></head><body><p>Energy stocks gained in morning trading. Occidental, Chevron, BP, Halliburton, Callon and Exxon Mobil rose between 1% and 7%.<img src=\"https://static.tigerbbs.com/96c18de0327cf0b735f8ae6b3a6c83b8\" tg-width=\"433\" tg-height=\"424\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Energy Stocks Gained in Morning Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEnergy Stocks Gained in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-09-14 21:48</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Energy stocks gained in morning trading. Occidental, Chevron, BP, Halliburton, Callon and Exxon Mobil rose between 1% and 7%.<img src=\"https://static.tigerbbs.com/96c18de0327cf0b735f8ae6b3a6c83b8\" tg-width=\"433\" tg-height=\"424\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CVX":"雪佛龙","OXY":"西方石油"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159676379","content_text":"Energy stocks gained in morning trading. Occidental, Chevron, BP, Halliburton, Callon and Exxon Mobil rose between 1% and 7%.","news_type":1,"symbols_score_info":{"OXY":0.9,"CVX":0.9}},"isVote":1,"tweetType":1,"viewCount":431,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":890819418,"gmtCreate":1628090964334,"gmtModify":1703501141737,"author":{"id":"3581939067431343","authorId":"3581939067431343","name":"山那边的英英子","avatar":"https://static.tigerbbs.com/8c8a7304c7112e9c83de3d44c85ec252","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581939067431343","idStr":"3581939067431343"},"themes":[],"htmlText":" z","listText":" z","text":"z","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/890819418","repostId":"1167639340","repostType":4,"repost":{"id":"1167639340","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1628088005,"share":"https://ttm.financial/m/news/1167639340?lang=en_US&edition=fundamental","pubTime":"2021-08-04 22:40","market":"us","language":"zh","title":"Boeing rose in a straight line during the session, 737 Max will go to China for certification testing","url":"https://stock-news.laohu8.com/highlight/detail?id=1167639340","media":"老虎资讯综合","summary":"周三盘中，波音直线拉升， 抹去日内跌幅。消息面上，波音一架737 Max客机即将启程前往中国接受认证测试。","content":"<p>Wednesday intraday,<a href=\"https://laohu8.com/S/BA\">boeing</a>Pull up in a straight line, erasing intraday losses. On the news, a Boeing 737 Max passenger plane is about to leave for China for certification testing.</p><p><img src=\"https://static.tigerbbs.com/295b33f8b1062f660ebe38937b8dc87d\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Boeing rose in a straight line during the session, 737 Max will go to China for certification testing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBoeing rose in a straight line during the session, 737 Max will go to China for certification testing\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-08-04 22:40</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Wednesday intraday,<a href=\"https://laohu8.com/S/BA\">boeing</a>Pull up in a straight line, erasing intraday losses. On the news, a Boeing 737 Max passenger plane is about to leave for China for certification testing.</p><p><img src=\"https://static.tigerbbs.com/295b33f8b1062f660ebe38937b8dc87d\" tg-width=\"840\" tg-height=\"470\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/02346726093e06d899a1879905b1c340","relate_stocks":{"BA":"波音"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167639340","content_text":"周三盘中，波音直线拉升， 抹去日内跌幅。消息面上，波音一架737 Max客机即将启程前往中国接受认证测试。","news_type":1,"symbols_score_info":{"BA":0.9}},"isVote":1,"tweetType":1,"viewCount":274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159211634,"gmtCreate":1624969670228,"gmtModify":1703849034988,"author":{"id":"3581939067431343","authorId":"3581939067431343","name":"山那边的英英子","avatar":"https://static.tigerbbs.com/8c8a7304c7112e9c83de3d44c85ec252","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581939067431343","idStr":"3581939067431343"},"themes":[],"htmlText":"b","listText":"b","text":"b","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/159211634","repostId":"1100369453","repostType":4,"repost":{"id":"1100369453","kind":"news","pubTimestamp":1624964887,"share":"https://ttm.financial/m/news/1100369453?lang=en_US&edition=fundamental","pubTime":"2021-06-29 19:08","market":"us","language":"zh","title":"The Federal Reserve is standing still, why does the market generally interpret it as \"hawkish\"?","url":"https://stock-news.laohu8.com/highlight/detail?id=1100369453","media":"海银财富","summary":"摘要：\n北京时间6月17日，美联储公布6月议息会议声明，美联储选择按兵不动，符合预期。但鸽派的背后，我们认为此次会议更偏 “鹰派”。具体体现为：上调经济增速预期，上调利率走廊区间，及点阵图隐含美联储2","content":"<p><b>Summary:</b></p><p>On June 17, Beijing time, the Federal Reserve announced the statement of its June interest rate meeting. The Federal Reserve chose to stay on hold, in line with expectations. But behind the doves, we think this meeting is more \"hawkish\". Specifically, it is reflected in: raising the economic growth forecast, raising the Interest Rate Corridor range, and the dot plot implies the possibility that the Federal Reserve will rate hike ahead of schedule in 2023.</p><p>In terms of QE tapering, we expect that the Federal Reserve is likely to begin formally discussing the specific plan to reduce bond purchases at its September meeting and officially announce it at its December meeting. And gradually reduce the scale of bond purchases from January 2022, and completely withdraw from QE at the last meeting in December 2022. In terms of interest rates, we expect the Fed will likely start in mid-2023 and accrue interest at least twice.</p><p>However, it is not ruled out that if future inflation exceeds the Fed's tolerance range, the Fed may choose an earlier rate hike. By then, when the U.S. dollar strengthens, international capital will accelerate its return to the U.S. market, and emerging market countries may encounter a situation of three kills in stocks, bonds and foreign exchange.</p><p><b>The Federal Reserve's June interest rate meeting remained unchanged overall</b></p><p>On June 17, Beijing time, the Federal Reserve announced the statement of its June interest rate meeting. The previous monetary resolution remained unchanged as a whole, in line with expectations. Keep the target federal funds rate in the range of 0%-0.25%, and keep the monthly asset purchase scale of US $120 billion unchanged (US $80 billion Treasury Bond, US $40 billion MBS). However, the excess reserve rate IOER and overnight reverse repurchase rate ONRRP range were raised by 5bp to 0.05%-0.15%.</p><p><b>But the attitude is more \"hawkish\"</b></p><p>This meeting is the first time that the Federal Reserve has released a clear hawkish signal since it \"went all the way to doves\" in March last year. This is especially reflected in the upward adjustment of IOER and ONRRP and the more positive economic expression. The following are the three key changes of this interest rate meeting:</p><p><b>1. Adjust economic data expectations</b></p><p>The Federal Reserve raised its economic growth forecast. Compared with the previous meeting, the contribution of vaccines to the recovery of the epidemic was emphatically affirmed, and confidence in economic recovery was significantly enhanced. At this meeting, the Federal Reserve raised its 2021 growth forecast by 0.5% to 7%. The statement showed that \"progress in vaccination has reduced the spread of the epidemic in the United States.\" The April statement showed that \"the epidemic has caused tremendous hardship to the economy worldwide.\" Powell also said at a subsequent press conference that the U.S. economy may recover strongly this year. \"Widespread vaccination, as well as unprecedented fiscal policy actions, have also provided strong support for the recovery,\" he said. Economic activity and employment indicators continue to strengthen, and real GDP this year appears on track to achieve the fastest growth rate in decades. \"</p><p>Inflation expectations were raised, and the increase exceeded market expectations. The statement clearly pointed to rising inflation levels, while Powell acknowledged that inflation may be higher and longer than expected. The Federal Reserve adjusted its 2021 PCE forecast to 3.4%, a sharp increase of 1 percentage point from the previous value. The core PCE forecast was also adjusted to 3%, which was only 2.2%.</p><p>The overall unemployment rate remains unchanged. The Fed's description of employment growth remains unchanged as \"have strengthened.\" The unemployment rate expectation for the future remains almost unchanged from before.</p><p>Chart 1 Federal Reserve Economic Data Forecast<img src=\"https://static.tigerbbs.com/46692bf745f5d8081a04bc48ebbec920\" tg-width=\"1080\" tg-height=\"482\" referrerpolicy=\"no-referrer\">Data source: Federal Reserve, Haiyin Research Institute</p><p><b>2. The dot plot shows that there may be two rate hike in 2023</b></p><p>In terms of interest rates, the dot plot implies the possibility of an early rate hike, and there may be at least two rate hike in 2023. Referring to the dot plot reflecting the Fed's future interest rate policy, it can be seen that Fed officials generally believed at the March meeting that the zero interest rate policy would be maintained at least until the end of 2023. The dot plot of this meeting has changed greatly. The dot plot of the June meeting shows that most officials predict that rate hike may be advanced in 2023, and even the number of officials predicting rate hike in 2022 is significantly higher than that in March. In addition, the 2023 interest rate forecast center has risen from 0.1% in March to 0.6%, which means that the Federal Reserve may have at least two rate hike operations in 2023.</p><p>Chart 2 Dot plot of the Federal Reserve's March 2021 FOMC meeting<img src=\"https://static.tigerbbs.com/253e6288953039316f74da201a5e5801\" tg-width=\"592\" tg-height=\"500\" referrerpolicy=\"no-referrer\">Data source: FED, Haiyin Research Institute</p><p>Chart 3 Dot plot of the Federal Reserve's June 2021 FOMC meeting<img src=\"https://static.tigerbbs.com/24c0102ef21f3d404bee85b60a5ce06c\" tg-width=\"595\" tg-height=\"492\" referrerpolicy=\"no-referrer\">Data source: FED, Haiyin Research Institute</p><p>3. Raise the Interest Rate Corridor range</p><p>The Federal Reserve raised the Interest Rate Corridor range this time, raising the excess reserve rate IOER and overnight reverse repurchase rate ONRRP (the upper and lower limits of the Interest Rate Corridor respectively) from 0%-0.1% to 0.05%-0.15% to support effective policy implementation and the smooth operation of the short-term US dollar financing market.</p><p>Chart 4 The Fed raises its Interest Rate Corridor range<img src=\"https://static.tigerbbs.com/636f63e08baab3e9a99836bbf1f2dd53\" tg-width=\"994\" tg-height=\"568\" referrerpolicy=\"no-referrer\">Data source: Wind, Haiyin Research Institute</p><p>Overall, although the Federal Reserve did not release the Taper signal in advance at this meeting, and Powell also emphasized that the future interest rate trend cannot be predicted through dot plots, saying that it is still too early to talk about rate hike in order to give the market a \"peace of mind pill\". However, judging from the specific content, whether it is raising the economic growth forecast, raising the Interest Rate Corridor range, or the dot plot Fed officials' forecast, the possibility of advancing rate hike to control the continued high inflation cannot be ruled out.</p><p><b>The possible timing forecast of the Fed's tapering of QE and rate hike:</b></p><p><b>Employment recovery is key</b></p><p>In terms of QE reduction, the degree of employment recovery is a key factor in determining the timing of the Fed's Taper. If employment recovery continues to be strong in the next few months, the Federal Reserve will begin to discuss QE reduction plans. Anyway, if employment recovery is less than expected, the Fed may choose to continue to wait and see until employment returns to ideal levels.</p><p>Chart 5 The current employment recovery in the United States is less than expected, and the Fed will remain on hold in the short term<img src=\"https://static.tigerbbs.com/23604df788b57dbe0ce299e66f30e2cb\" tg-width=\"1080\" tg-height=\"590\" referrerpolicy=\"no-referrer\">Data source: Wind, Haiyin Research Institute</p><p>Judging from the experience of the Federal Reserve's monetary policy normalization in 2013, it is very likely that the Federal Reserve will begin formally discussing the specific plan to reduce bond purchases at the September meeting and officially announce it at the December meeting. According to the current monthly bond purchase scale of US $120 billion, it is expected to be reduced by US $15 billion each time, gradually reducing the bond purchase scale from January 2022, and completely withdrawing from QE at the last meeting in December 2022.</p><p>Chart 6 We expect this round of QE to end by the end of 2022</p><p><img src=\"https://static.tigerbbs.com/b754a7f635b7d0d6b0b1f48566708cb0\" tg-width=\"1061\" tg-height=\"728\" referrerpolicy=\"no-referrer\">Data source: Wind, Haiyin Research Institute</p><p>Rate hike. Rate hike generally occurs after the end of QE. If QE ends at the end of 2022, the Federal Reserve is likely to start discussing rate hike matters as early as early 2023, and start at least two rate hike around mid-2023.</p><p>Chart 7 The dot plot shows that the Fed is likely to make at least two rate hike in 2023<img src=\"https://static.tigerbbs.com/e771012b3c148ff52d20755cd91e3944\" tg-width=\"595\" tg-height=\"492\" referrerpolicy=\"no-referrer\">Data source: FED, Haiyin Research Institute</p><p><b>Be wary of a sharp rise in inflation,</b></p><p><b>Possibility of early Fed rate hike</b></p><p>Against the background of the continuous improvement of the epidemic situation, the huge fiscal stimulus in the United States and the rapid repair of the U.S. output gap have increased the recent inflationary pressure in the United States. Wind data shows that the PCE inflation indicator referred to by the Federal Reserve when formulating monetary policy rose 3.58% year-on-year in April, the highest level since 2008.</p><p>With the further recovery of the U.S. economy in the future, inflationary pressure in the U.S. will further increase in the second half of the year. According to Bloomberg's forecast, the United States will usher in the highest inflation point in the second quarter, and then gradually fall back in the third quarter. However, inflationary pressure will still exist during the year and will remain above the 3% level.</p><p>Be wary of the impact of rate hike on emerging market countries in advance. At this meeting, although the Federal Reserve once again emphasized that inflation should be allowed to be slightly higher than 2% for a period of time, it has certain expectations for the possibility that inflation levels may last longer and grow faster. However, it does not rule out the possibility that future inflation exceeds the Fed's tolerance range, prompting the Fed to choose an earlier rate hike. By then, when the U.S. dollar strengthens, international capital will accelerate its return to the U.S. market, and emerging market countries may encounter a situation of three kills in stocks, bonds and foreign exchange. Emerging market countries may have to continue rate hike to cope with potential capital outflow pressures. If countries with poor epidemic prevention and control such as India choose rate hike, it will undoubtedly add insult to injury to countries that need a low interest rate environment to stimulate economic recovery.</p><p>Chart 8 U.S. inflation is expected to fall in the third quarter, but will still be higher than 3%</p><p><img src=\"https://static.tigerbbs.com/6a6053ec35be961844988688c521dd54\" tg-width=\"1048\" tg-height=\"540\" referrerpolicy=\"no-referrer\"></p>","source":"lsy1614591202325","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 Federal Reserve is standing still, why does the market generally interpret it as \"hawkish\"?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Federal Reserve is standing still, why does the market generally interpret it as \"hawkish\"?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">海银财富</strong><span class=\"h-time small\">2021-06-29 19:08</span>\n</p>\n</h4>\n</header>\n<article>\n<p><b>Summary:</b></p><p>On June 17, Beijing time, the Federal Reserve announced the statement of its June interest rate meeting. The Federal Reserve chose to stay on hold, in line with expectations. But behind the doves, we think this meeting is more \"hawkish\". Specifically, it is reflected in: raising the economic growth forecast, raising the Interest Rate Corridor range, and the dot plot implies the possibility that the Federal Reserve will rate hike ahead of schedule in 2023.</p><p>In terms of QE tapering, we expect that the Federal Reserve is likely to begin formally discussing the specific plan to reduce bond purchases at its September meeting and officially announce it at its December meeting. And gradually reduce the scale of bond purchases from January 2022, and completely withdraw from QE at the last meeting in December 2022. In terms of interest rates, we expect the Fed will likely start in mid-2023 and accrue interest at least twice.</p><p>However, it is not ruled out that if future inflation exceeds the Fed's tolerance range, the Fed may choose an earlier rate hike. By then, when the U.S. dollar strengthens, international capital will accelerate its return to the U.S. market, and emerging market countries may encounter a situation of three kills in stocks, bonds and foreign exchange.</p><p><b>The Federal Reserve's June interest rate meeting remained unchanged overall</b></p><p>On June 17, Beijing time, the Federal Reserve announced the statement of its June interest rate meeting. The previous monetary resolution remained unchanged as a whole, in line with expectations. Keep the target federal funds rate in the range of 0%-0.25%, and keep the monthly asset purchase scale of US $120 billion unchanged (US $80 billion Treasury Bond, US $40 billion MBS). However, the excess reserve rate IOER and overnight reverse repurchase rate ONRRP range were raised by 5bp to 0.05%-0.15%.</p><p><b>But the attitude is more \"hawkish\"</b></p><p>This meeting is the first time that the Federal Reserve has released a clear hawkish signal since it \"went all the way to doves\" in March last year. This is especially reflected in the upward adjustment of IOER and ONRRP and the more positive economic expression. The following are the three key changes of this interest rate meeting:</p><p><b>1. Adjust economic data expectations</b></p><p>The Federal Reserve raised its economic growth forecast. Compared with the previous meeting, the contribution of vaccines to the recovery of the epidemic was emphatically affirmed, and confidence in economic recovery was significantly enhanced. At this meeting, the Federal Reserve raised its 2021 growth forecast by 0.5% to 7%. The statement showed that \"progress in vaccination has reduced the spread of the epidemic in the United States.\" The April statement showed that \"the epidemic has caused tremendous hardship to the economy worldwide.\" Powell also said at a subsequent press conference that the U.S. economy may recover strongly this year. \"Widespread vaccination, as well as unprecedented fiscal policy actions, have also provided strong support for the recovery,\" he said. Economic activity and employment indicators continue to strengthen, and real GDP this year appears on track to achieve the fastest growth rate in decades. \"</p><p>Inflation expectations were raised, and the increase exceeded market expectations. The statement clearly pointed to rising inflation levels, while Powell acknowledged that inflation may be higher and longer than expected. The Federal Reserve adjusted its 2021 PCE forecast to 3.4%, a sharp increase of 1 percentage point from the previous value. The core PCE forecast was also adjusted to 3%, which was only 2.2%.</p><p>The overall unemployment rate remains unchanged. The Fed's description of employment growth remains unchanged as \"have strengthened.\" The unemployment rate expectation for the future remains almost unchanged from before.</p><p>Chart 1 Federal Reserve Economic Data Forecast<img src=\"https://static.tigerbbs.com/46692bf745f5d8081a04bc48ebbec920\" tg-width=\"1080\" tg-height=\"482\" referrerpolicy=\"no-referrer\">Data source: Federal Reserve, Haiyin Research Institute</p><p><b>2. The dot plot shows that there may be two rate hike in 2023</b></p><p>In terms of interest rates, the dot plot implies the possibility of an early rate hike, and there may be at least two rate hike in 2023. Referring to the dot plot reflecting the Fed's future interest rate policy, it can be seen that Fed officials generally believed at the March meeting that the zero interest rate policy would be maintained at least until the end of 2023. The dot plot of this meeting has changed greatly. The dot plot of the June meeting shows that most officials predict that rate hike may be advanced in 2023, and even the number of officials predicting rate hike in 2022 is significantly higher than that in March. In addition, the 2023 interest rate forecast center has risen from 0.1% in March to 0.6%, which means that the Federal Reserve may have at least two rate hike operations in 2023.</p><p>Chart 2 Dot plot of the Federal Reserve's March 2021 FOMC meeting<img src=\"https://static.tigerbbs.com/253e6288953039316f74da201a5e5801\" tg-width=\"592\" tg-height=\"500\" referrerpolicy=\"no-referrer\">Data source: FED, Haiyin Research Institute</p><p>Chart 3 Dot plot of the Federal Reserve's June 2021 FOMC meeting<img src=\"https://static.tigerbbs.com/24c0102ef21f3d404bee85b60a5ce06c\" tg-width=\"595\" tg-height=\"492\" referrerpolicy=\"no-referrer\">Data source: FED, Haiyin Research Institute</p><p>3. Raise the Interest Rate Corridor range</p><p>The Federal Reserve raised the Interest Rate Corridor range this time, raising the excess reserve rate IOER and overnight reverse repurchase rate ONRRP (the upper and lower limits of the Interest Rate Corridor respectively) from 0%-0.1% to 0.05%-0.15% to support effective policy implementation and the smooth operation of the short-term US dollar financing market.</p><p>Chart 4 The Fed raises its Interest Rate Corridor range<img src=\"https://static.tigerbbs.com/636f63e08baab3e9a99836bbf1f2dd53\" tg-width=\"994\" tg-height=\"568\" referrerpolicy=\"no-referrer\">Data source: Wind, Haiyin Research Institute</p><p>Overall, although the Federal Reserve did not release the Taper signal in advance at this meeting, and Powell also emphasized that the future interest rate trend cannot be predicted through dot plots, saying that it is still too early to talk about rate hike in order to give the market a \"peace of mind pill\". However, judging from the specific content, whether it is raising the economic growth forecast, raising the Interest Rate Corridor range, or the dot plot Fed officials' forecast, the possibility of advancing rate hike to control the continued high inflation cannot be ruled out.</p><p><b>The possible timing forecast of the Fed's tapering of QE and rate hike:</b></p><p><b>Employment recovery is key</b></p><p>In terms of QE reduction, the degree of employment recovery is a key factor in determining the timing of the Fed's Taper. If employment recovery continues to be strong in the next few months, the Federal Reserve will begin to discuss QE reduction plans. Anyway, if employment recovery is less than expected, the Fed may choose to continue to wait and see until employment returns to ideal levels.</p><p>Chart 5 The current employment recovery in the United States is less than expected, and the Fed will remain on hold in the short term<img src=\"https://static.tigerbbs.com/23604df788b57dbe0ce299e66f30e2cb\" tg-width=\"1080\" tg-height=\"590\" referrerpolicy=\"no-referrer\">Data source: Wind, Haiyin Research Institute</p><p>Judging from the experience of the Federal Reserve's monetary policy normalization in 2013, it is very likely that the Federal Reserve will begin formally discussing the specific plan to reduce bond purchases at the September meeting and officially announce it at the December meeting. According to the current monthly bond purchase scale of US $120 billion, it is expected to be reduced by US $15 billion each time, gradually reducing the bond purchase scale from January 2022, and completely withdrawing from QE at the last meeting in December 2022.</p><p>Chart 6 We expect this round of QE to end by the end of 2022</p><p><img src=\"https://static.tigerbbs.com/b754a7f635b7d0d6b0b1f48566708cb0\" tg-width=\"1061\" tg-height=\"728\" referrerpolicy=\"no-referrer\">Data source: Wind, Haiyin Research Institute</p><p>Rate hike. Rate hike generally occurs after the end of QE. If QE ends at the end of 2022, the Federal Reserve is likely to start discussing rate hike matters as early as early 2023, and start at least two rate hike around mid-2023.</p><p>Chart 7 The dot plot shows that the Fed is likely to make at least two rate hike in 2023<img src=\"https://static.tigerbbs.com/e771012b3c148ff52d20755cd91e3944\" tg-width=\"595\" tg-height=\"492\" referrerpolicy=\"no-referrer\">Data source: FED, Haiyin Research Institute</p><p><b>Be wary of a sharp rise in inflation,</b></p><p><b>Possibility of early Fed rate hike</b></p><p>Against the background of the continuous improvement of the epidemic situation, the huge fiscal stimulus in the United States and the rapid repair of the U.S. output gap have increased the recent inflationary pressure in the United States. Wind data shows that the PCE inflation indicator referred to by the Federal Reserve when formulating monetary policy rose 3.58% year-on-year in April, the highest level since 2008.</p><p>With the further recovery of the U.S. economy in the future, inflationary pressure in the U.S. will further increase in the second half of the year. According to Bloomberg's forecast, the United States will usher in the highest inflation point in the second quarter, and then gradually fall back in the third quarter. However, inflationary pressure will still exist during the year and will remain above the 3% level.</p><p>Be wary of the impact of rate hike on emerging market countries in advance. At this meeting, although the Federal Reserve once again emphasized that inflation should be allowed to be slightly higher than 2% for a period of time, it has certain expectations for the possibility that inflation levels may last longer and grow faster. However, it does not rule out the possibility that future inflation exceeds the Fed's tolerance range, prompting the Fed to choose an earlier rate hike. By then, when the U.S. dollar strengthens, international capital will accelerate its return to the U.S. market, and emerging market countries may encounter a situation of three kills in stocks, bonds and foreign exchange. Emerging market countries may have to continue rate hike to cope with potential capital outflow pressures. If countries with poor epidemic prevention and control such as India choose rate hike, it will undoubtedly add insult to injury to countries that need a low interest rate environment to stimulate economic recovery.</p><p>Chart 8 U.S. inflation is expected to fall in the third quarter, but will still be higher than 3%</p><p><img src=\"https://static.tigerbbs.com/6a6053ec35be961844988688c521dd54\" tg-width=\"1048\" tg-height=\"540\" referrerpolicy=\"no-referrer\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://mp.weixin.qq.com/s?src=11×tamp=1625017730&ver=3161&signature=g7FeJ7ELPCHgUaQqGoC0ejSKlbZf2*HiG8oiMSD2jj4J3SLBEMaXVH0TTgpiuQdUQlhKBe1hB-UhfTk6QhWvApImWkixXIEB9z7MHni6pRJYFKOGlVdkzQr7DHyE2Wtf&new=1\">海银财富</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/0f9e9a265cb0e7e8cb195039b2fe24a4","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://mp.weixin.qq.com/s?src=11×tamp=1625017730&ver=3161&signature=g7FeJ7ELPCHgUaQqGoC0ejSKlbZf2*HiG8oiMSD2jj4J3SLBEMaXVH0TTgpiuQdUQlhKBe1hB-UhfTk6QhWvApImWkixXIEB9z7MHni6pRJYFKOGlVdkzQr7DHyE2Wtf&new=1","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100369453","content_text":"摘要：\n北京时间6月17日，美联储公布6月议息会议声明，美联储选择按兵不动，符合预期。但鸽派的背后，我们认为此次会议更偏 “鹰派”。具体体现为：上调经济增速预期，上调利率走廊区间，及点阵图隐含美联储2023年将会提前加息的可能性。\nQE缩减方面, 我们预计美联储很有可能在9月会议上开始正式讨论缩减购债的具体计划，并于12月会议正式宣布。并从2022年1月开始逐步降低购债规模，至2022年12月最后一次会议时完全退出QE。利率方面，我们预计美联储可能会在2023年中开始，并至少计息两次。\n但不排除若未来通胀超出美联储容忍范围，美联储选择更早加息的可能。届时，美元走强，国际资本将加速回流美国市场，新兴市场国家或将遭遇股债汇三杀的局面。\n美联储6月议息会议整体维持不变\n北京时间6月17日，美联储公布6月议息会议声明。整体维持此前货币决议不变，符合预期。维持联邦基金目标利率在0%-0.25%区间内，维持每月1200亿美元资产购买规模不变（800亿美元国债，400亿美元MBS）。但将超额准备金利率IOER和隔夜逆回购利率ONRRP区间上调5bp至0.05%-0.15%。\n但态度更偏“鹰派”\n本次会议是美联储在去年3月“一路向鸽”后，首次释放明确转鹰信号。尤其体现在在上调IOER和ONRRP、经济表述更为积极等方面。下面是本次议息会议的三大重点变化：\n1. 调整经济数据预期\n美联储上调经济增速预期。跟前次会议相比，着重肯定了疫苗对疫情恢复的贡献，且对经济恢复信心明显增强。本次会议美联储将2021年增长预期上调0.5%至7%。声明显示，“疫苗接种方面的进展控制了（reduced the spread）疫情在美国的传播。”而4月声明显示，“疫情在全球范围内对经济造成巨大损害（tremendous hardship）。”鲍威尔在随后的发布会上亦表示今年美国经济可能强劲复苏。他表示“广泛的疫苗接种，以及前所未有的财政政策行动，也为复苏提供了强有力的支持。经济活动和就业指标持续走强，今年的实际国内生产总值似乎有望实现几十年来最快的增长速度。”\n上调通胀预期，上调幅度超市场预期。声明明确指出通胀水平上升，同时鲍威尔承认通胀可能比预期的水平更高和时间更长。美联储将2021年PCE预期调整为 3.4%、较前值大幅抬升1个百分点，核心 PCE 预期也调整为3%，前值仅为2.2%。\n失业率水平整体不变。美联储对就业增长的表述不变，仍为 “不断改善”（have strengthened）。对未来的失业率预期与此前几乎保持不变。\n图表 1美联储经济数据预测数据来源：美联储，海银研究院\n2. 点阵图显示，2023年内可能加息两次\n利率方面，点阵图隐含提前加息可能，2023年内可能至少加息两次。参考反映美联储未来利率政策的点阵图可看出，美联储官员在3月会议时普遍认为将至少维持零利率政策至2023年底。而此次会议点阵图有较大变化，6月会议点阵图显示大部分官员都预测2023年内可能提前加息，甚至是预测2022年加息的官员也比3月时明显增多。另外，2023年利率预测中枢从3月的0.1%抬升至0.6%，意味着2023年内美联储可能会有至少两次加息操作。\n图表 2美联储2021年3月FOMC会议点阵图数据来源：FED，海银研究院\n图表 3美联储2021年6月FOMC会议点阵图 数据来源：FED，海银研究院\n3. 上调利率走廊区间\n联储此次上调了利率走廊区间，将超额准备金利率IOER和隔夜逆回购利率ONRRP（分别为利率走廊的上下限）区间从0%-0.1%上调至0.05%-0.15%，以支持有效的政策实施和短期美元融资市场的平稳运行。\n图表 4 美联储上调利率走廊区间数据来源：Wind，海银研究院\n整体来看，美联储此次会议虽没有提前释放Taper信号，且鲍威尔也强调不能通过点阵图来预测未来利率走势，表示目前谈加息还为时尚早，以求给市场吃“安心丸”。但从具体内容来看，无论是上调经济增速预期，上调利率走廊区间，及点阵图美联储官员的预测来看，不排除提前加息以控制通胀持续高企的可能性。\n美联储缩减QE和加息可能的时点预测：\n就业恢复是关键\nQE缩减方面, 就业恢复的程度是决定美联储Taper时点的关键性因素。若未来几个月就业恢复持续强劲，美联储则会开始着手讨论QE缩减计划。反正，若就业恢复不及预期，美联储可能选择持续观望，直至就业恢复至理想水平。\n图表 5目前美国就业恢复不及预期，短期联储仍将按兵不动数据来源：Wind，海银研究院\n参照美联储2013年货币政策正常化的经验来看，美联储很有可能在9月会议上开始正式讨论缩减购债的具体计划，并于12月会议正式宣布。按照目前每月1200亿美元的购债规模来看，预计每次缩减150亿美元，从2022年1月开始逐步降低购债规模，至2022年12月最后一次会议时完全退出QE。\n图表 6我们预计本轮QE将在2022年底结束\n数据来源：Wind，海银研究院\n加息方面。加息一般发生在QE结束后，若2022年底结束QE，美联储很可能最早在2023年初开始讨论加息事项，并于2023年中左右开始至少加息两次。\n图表 7点阵图显示美联储很可能在2023年至少加息两次 数据来源：FED，海银研究院\n警惕通胀大幅上行，\n美联储提前加息的可能性\n在疫情不断好转的背景下，美国天量财政刺激及美国产出缺口的较快修复都加大了近期美国通胀的压力。Wind数据显示，美联储制定货币政策时参考的PCE通胀指标在4月同比上涨3.58%，创造了2008年以来最高水平。\n随着未来美国经济的进一步恢复，美国下半年通胀压力也将进一步加大。根据彭博预测显示，美国二季度美国将迎来通胀最高点，随后会在三季度逐渐回落，但年内通胀压力犹在，仍将处于3%水平之上。\n警惕提前加息对新兴市场国家的冲击。本次会议美联储虽再次强调允许通胀在一段时间内略高于2%的水平，且对通胀水平可能会持续更长、增长更快的可能性有一定的预期。但不排除若未来通胀超出美联储容忍范围，促使美联储选择更早加息的可能。届时，美元走强，国际资本将加速回流美国市场，新兴市场国家或将遭遇股债汇三杀的局面。新兴市场国家可能不得不采取继续加息的方式，以应对潜在的资本外流压力。若印度等疫情防控较差的国家选择加息，无疑对需要低利率环境刺激经济回暖的国家来说是雪上加霜。\n图表 8 美国通胀料将在三季度有所回落，但仍将高于3%","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":473,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":192830513,"gmtCreate":1621173860832,"gmtModify":1704353615766,"author":{"id":"3581939067431343","authorId":"3581939067431343","name":"山那边的英英子","avatar":"https://static.tigerbbs.com/8c8a7304c7112e9c83de3d44c85ec252","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581939067431343","idStr":"3581939067431343"},"themes":[],"htmlText":"E","listText":"E","text":"E","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/192830513","repostId":"2135598119","repostType":4,"isVote":1,"tweetType":1,"viewCount":336,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9911918983,"gmtCreate":1664112696242,"gmtModify":1676537392038,"author":{"id":"3581939067431343","authorId":"3581939067431343","name":"山那边的英英子","avatar":"https://static.tigerbbs.com/8c8a7304c7112e9c83de3d44c85ec252","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581939067431343","idStr":"3581939067431343"},"themes":[],"htmlText":"j","listText":"j","text":"j","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9911918983","repostId":"2269494309","repostType":4,"isVote":1,"tweetType":1,"viewCount":739,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124021710,"gmtCreate":1624709506930,"gmtModify":1703843974020,"author":{"id":"3581939067431343","authorId":"3581939067431343","name":"山那边的英英子","avatar":"https://static.tigerbbs.com/8c8a7304c7112e9c83de3d44c85ec252","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581939067431343","idStr":"3581939067431343"},"themes":[],"htmlText":"k","listText":"k","text":"k","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/124021710","repostId":"1192755033","repostType":4,"isVote":1,"tweetType":1,"viewCount":557,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":115638123,"gmtCreate":1622983336062,"gmtModify":1704194058451,"author":{"id":"3581939067431343","authorId":"3581939067431343","name":"山那边的英英子","avatar":"https://static.tigerbbs.com/8c8a7304c7112e9c83de3d44c85ec252","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581939067431343","idStr":"3581939067431343"},"themes":[],"htmlText":" t","listText":" t","text":"t","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/115638123","repostId":"2141285413","repostType":4,"repost":{"id":"2141285413","kind":"news","pubTimestamp":1622971587,"share":"https://ttm.financial/m/news/2141285413?lang=en_US&edition=fundamental","pubTime":"2021-06-06 17:26","market":"us","language":"zh","title":"There are many houses that \"break the defense\", what other good stories about capital are there?","url":"https://stock-news.laohu8.com/highlight/detail?id=2141285413","media":"节点财经","summary":"从2001年至今，房多多刚好走过了10年时间。从最初借鉴Groupon模式启程，几经演变后，房多多顶着“产业互联网SaaS第一股”的光环上市。\n如今，光环开始褪去，房多多的自身的定位、持续的亏损以及二","content":"<p>From 2001 to now,<a href=\"https://laohu8.com/S/DUO\">Fangduoduo</a>Just 10 years have passed. Starting from the initial borrowing from the Groupon model, after several evolutions, Fangduoduo went public with the aura of \"the first industrial Internet SaaS stock\".</p><p>Now, the aura has begun to fade, and unfavorable factors have appeared in many aspects such as Fangduoduo's own positioning, continuous losses, and the performance of the secondary market-the SaaS story is \"ineffective\", the capital market stock price is tepid, and the industry In addition to the intensification of competition, Fangduoduo's profitability has weakened.</p><p>Recently, Fangduoduo released its financial report for the first quarter of this year. The financial report showed that Fangduoduo's adjusted net loss was 93 million yuan. The loss has intensified again, and Fangduoduo seems to be facing a \"breaking defense\" across the board?</p><p> / 01 /</p><p>Story breaks defense</p><p>How to talk about \"the first real estate SaaS stock\"?</p><p>In 2010, the three founders of Fangduoduo believed that although the Internet was in full swing, it was far away from two industries, one was real estate and the other was medical care. Among the three founders, Zeng Xi and Duan Yi are both born in real estate sales. Transforming the real estate market through the Internet has become their entrepreneurial direction, and Fangduoduo came into being.</p><p>The rapid growth of Fangduoduo had a great relationship with the industry environment at that time. At that time, the efficiency of real estate transactions in China was extremely low, and the penetration of the Internet into the real estate industry was still at a very weak stage. There are pain points and needs for transformation in the industry. Fangduoduo's original intention of \"improving efficiency for brokers through Internet-based tools\" has just made up for the lacking links in this industrial chain.</p><p>In the initial stage of development, Fangduoduo made profits by selling coupons to buyers, that is, by cooperating with developers to obtain coupons for house purchase, and then selling the coupons to customers through brokers and sharing them with brokers. After this model lasted for 4 or 5 years, important changes have taken place in the industry-houses are easy to sell, and people are rushing to buy them without discounts.</p><p>So Fangduoduo began to collect commissions from developers, and brokers took customers. After the transaction was completed, Fangduoduo paid commissions. Today, this is still the main source of income for Fangduoduo.</p><p>In recent years, under the high pressure of the \"three red lines\", the real estate industry has gradually entered the era of stock. Fangduoduo has launched its own new label: \"SaaS\" service. Simply understood, it is to help developers realize digitalization and open up the digital platform of brokers. That is to say, after Fangduoduo made the platform, it began to make standardized products and provide To B services.</p><p>Zeng Xi, co-CEO of Fangduoduo, once said, \"Fangduoduo wants to be a SaaS service company that not only helps upstream developers realize Internet, but also helps downstream brokerage companies realize SaaS service company.\"</p><p>After telling this \"story\", Fangduoduo transformed from a real estate trading platform into a technology enterprise. In 2019, when Fangduoduo was listed on Nasdaq, it had the super aura of \"the first industrial Internet SaaS stock\".</p><p>But this \"story\" is not so easy to tell, and the shadow behind the aura is not small. In recent years, Fangduoduo has been questioned by the industry about the attributes of SaaS. The reason is that from the perspective of revenue structure, Fangduoduo's commission and handling fees have remained above 90% for a long time, and the revenue from innovative businesses including SaaS services accounted for less than 10%.</p><p>From 2017 to 2020, commission and fee income and innovative business income accounted for 91.9% and 8.1% respectively; 89.1%、10.9%； 96.0%、4.0%； 90.7%、9.3%。 From 2017 to 2020, the revenue from innovative businesses was 146 million, 248 million, 144 million, and 228 million respectively. It can be seen that the revenue brought by SaaS services is not high, and the proportion is very small. Fangduoduo is also a company that makes money by commissions.</p><p><img src=\"https://static.tigerbbs.com/797e193abbaff10e77690a5e46d9d36c\" tg-width=\"720\" tg-height=\"545\" referrerpolicy=\"no-referrer\"></p><p>Data source: Fangduoduo financial report, wind</p><p>American real estate technology company<a href=\"https://laohu8.com/S/Z\">Zillow</a>It also takes SaaS as the core, but in terms of revenue, SaaS tools and solutions contribute nearly 70% of revenue. It can be seen that Fangduoduo is still far from its own goal of \"real estate Taobao\".</p><p>In the fourth quarter of last year, Fangduoduo upgraded its SaaS to Fangyun SaaS, which serves the upstream and downstream full-scenario digital marketing of the industry, helping developers to connect accurately and directly online and quickly start brokers, trying to improve the housing and customer matching efficiency of real estate transactions in this way, and control marketing costs on the other hand. However, judging from the just-released first-quarter financial report, it did not meet Fang Duoduo's expectations.</p><p> / 02 /</p><p>Profit breakdown</p><p>Listing is the highlight, profitability has been declining all the way</p><p>Recently, Fangduoduo announced its latest quarterly financial report. The financial report shows that in the first quarter of 2021, Fangduoduo's revenue was 291.0 million yuan, and its net loss was 102 million yuan. Under non-US accounting standards (Non-GAAP), Fangduoduo's adjusted net loss in the first quarter of 2021 was 93 million yuan.</p><p>If listing is regarded as a watershed, then before listing, Fangduoduo's revenue has increased year by year, and since listing, Fangduoduo's losses have been expanding.</p><p>Before listing, Fangduoduo's revenue from 2017 to 2019 was 1.7985 billion yuan, 2.2822 billion yuan, and 3.6 billion yuan respectively. After listing, it began to decline. Starting from the first quarter of 2020, the single-quarter revenue was 272.1 million yuan, 737.7 million yuan, 819.1 million yuan, and 622.4 million yuan respectively. Year-on-year declines of-58.52%,-22.20%,-13.59% and-40.57% respectively.</p><p>In the first quarter of this year, Fangduoduo's revenue fell to 291 million yuan. Instead of taking off with the help of the capital market, Fangduoduo experienced a downward surge, and the net profit attributable to the parent company grew negatively. From the first quarter of 2020 to the first quarter of 2021, Fangduoduo's net profit attributable to the parent company was-136 million yuan,-13.99 million yuan, 21.91 million yuan,-91.76 million yuan,-102 million yuan.</p><p><img src=\"https://static.tigerbbs.com/82dd656d8813a53e71e2eaf71afcdac4\" tg-width=\"720\" tg-height=\"545\" referrerpolicy=\"no-referrer\"></p><p>Data source: Fangduoduo financial report, wind</p><p>Is the reason for the decline in performance the epidemic?</p><p>Although the epidemic has had an impact, it seems that the decline in Fangduoduo's revenue cannot be completely deducted from the epidemic. According to data from the National Bureau of Statistics, in 2020, the national commercial housing sales will be close to 17.4 trillion yuan, a year-on-year increase of 8.7%. During the same period, the amount of housing transactions facilitated on the Fangduoduo platform decreased by 14%.</p><p>At the same time,<a href=\"https://laohu8.com/S/BEKE\">Shells</a>Operating income was 70.5 billion yuan, a year-on-year increase of 53.2%; The annual net profit reached 2.778 billion yuan, achieving the first full-year profit under US accounting standards. As of the end of 2020, Keike GTV (the total transaction volume of the platform for the whole year) exceeded 3.5 trillion yuan, and GTV increased to 3.0 times.</p><p>Excluding the influence of external factors, there is another crucial factor left-the intensification of industry competition.</p><p>Fangduoduo has always claimed to be an independent third-party platform, but the emergence of Keike and Anjuke has broken this balance. When Zuo Hui decided to be a shell, the industry accused him of being both a referee and an athlete, but from the results, Zuo Hui's choice was correct. At the beginning, the heaviest criticism<a href=\"https://laohu8.com/S/WUBA\">58.com</a>, and now it is also developing its Anjuke in the same direction.</p><p>The opponents are strong, and they are willing to invest heavily. They quickly occupy the market through subsidies and commissions, which has become a method for Shells to quickly occupy the minds of users. However, Fang Duoduo believes that vicious subsidies will not bring sustainable growth, so he gives up the decision to pay subsidies. And this decision put Fangduoduo under pressure in business. Zeng Xi also said that not participating in vicious subsidies has brought short-term pressure to the company.</p><p>In 2020, Fangduoduo's transaction scale and revenue will both decline. In 2020, the total closed-loop transaction GMV (total transaction volume) facilitated by Fangduoduo was 181.1 billion yuan, a year-on-year decrease of 14.0%; Realized revenue of 2.45 billion yuan, a year-on-year decrease of 31.9%.</p><p>Although the subsidy has been given up, seeing that the market value of Keike has reached 64.439 billion US dollars and is heading for a market value of 100 billion US dollars, Fangduoduo is not in a hurry. In the fourth quarter of last year, Fangduoduo began to carry out brand promotion and publicity on a large scale, and the sales expenses reached 32 million yuan, an increase of 88%, which doesn't seem much, but you must know that its annual sales expenses are only 38 million yuan.</p><p>Nowadays, real estate developers have also begun to sell properties online, and with the addition of Internet giants, Fangduoduo has to change. Previously, Fangduoduo had always emphasized the attribute of an independent third party. Duan Yi promised to the outside world, \"Be an independent platform, do not employ a broker by yourself, and do not open an offline store; defend the legitimate interests of every platform merchant; Do not encroach on any merchant's private data.\"</p><p>But subtly, this positioning is also changing. In November last year, Fangduoduo announced that it would invest in Yuancui, a franchise service operation platform under Zhongyuan Group. By taking shares, Fangduoduo completed the transformation from online to<a href=\"https://laohu8.com/S/300959\">Online and Offline</a>At the time of integrated transformation, it also lost the attribute of \"independent third-party platform\".</p><p>Giving up \"independence\" is to have stronger bargaining chips to participate in competition and embrace a larger market. This is the most fundamental means and method for Fangduoduo to turn around losses at present.</p><p> / 03 /</p><p>Valuation \"breaking defense\"</p><p>Competition intensifies and the capital market does not buy it</p><p>At the beginning, it was listed with the highlight, which stemmed from the pursuit of SaaS projects by investors in the secondary market. Especially in the US market,<a href=\"https://laohu8.com/S/CRM\">Salesforce</a>、<a href=\"https://laohu8.com/S/ZM\">Zoom</a>, Slack are superstars in this field. The combination of SaaS and industry gives real estate with low technological gold content an imaginative tomorrow.</p><p>After Fangduoduo's SaaS business ran for several quarters, the quality of the business surfaced. In November 2019, the issue price of Fangduoduo when it went public was US $13. As of the close on June 4, the quoted price was US $3.17, a drop of more than 70%.</p><p>The development of SaaS-related innovative service business has not been effective for several years. Currently, Fangduoduo faces two problems:</p><p>First, will innovative services continue to exert their strength?</p><p>The founding team gave an affirmative answer. Zeng Xi once said that Fangduoduo has two core advantages. The first is that it has gathered the largest group of brokers in China and is online at high frequency; The second is the ability to provide system solutions accumulated in the past decade. \"Based on these two advantages, we will unswervingly push developers to go online faster and help developers build the systems and operation services needed to go online.\"</p><p>Second, how high is the core competence barrier owned by Fangduoduo?</p><p>There are many services in the industry, such as shells. At present, there are nearly 300 brands, 47,000 stores and nearly 500,000 brokers in the ecosystem of Keike. A large amount of data allows Keike to have a powerful data system, which can serve brokers, store managers and platform service personnel on the platform, and make the operation process online. On the whole, this service is still an online operating system within the scope of real estate transactions.</p><p>Another more representative category is<a href=\"https://laohu8.com/S/00909\">Mingyuan Cloud</a>。 Mingyuan Cloud started as an enterprise ERP and has now transformed into a marketing SaaS service provider. The main service object is real estate enterprises.</p><p>It can be said that at present, mainstream traditional real estate enterprises have used Mingyuan Cloud's ERP system.</p><p>Mingyuan Cloud's SaaS business is mainly subdivided into cloud customer, cloud chain, cloud procurement, cloud space, etc., covering all aspects of the operation of real estate developers. Among them, Yunke (that is, the marketing SaaS system) has grown rapidly in the epidemic environment. In 2020, Mingyuan Cloud quickly launched handheld sales, integrating online communication, digital exhibition hall, online opening and other functions.</p><p>It is worth mentioning that in the fourth quarter of 2020, Fangduoduo also launched Fangyun SaaS. In terms of function, Fangyun SaaS's Ziqubao products are launched in stores<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>New functions such as recommendations, merchant updates, salesman online stores, and high-intention visitor touch reminders help case sales quickly start brokerage merchants on the B-side. At the same time, private domain marketing tools are also simultaneously launched to Fangyun APP, supporting developers to initiate new gameplay methods such as live broadcast, short video customer acquisition, one-click VR generation of real estate, and online viewing by C-end users.</p><p>Everyone's gameplay is similar, and the competition will undoubtedly be more intense.</p><p>From the perspective of industry, there are giants such as Keike and Anjuke. From the perspective of SaaS services, there are also Mingyuan Cloud and a group of small and medium-sized players that have transformed from ERP.</p><p>Does Fangduoduo still have a chance? From the former point of view, real estate brokerage presents the Internet attribute of the strong and constantly strong. The larger the scale, the stronger the strength will be; From the latter perspective, among the top 100 real estate companies in 2020, Mingyuan Cloud has cooperated with 97 companies, and the unit price per customer has increased from 3.7 million to 6.1 million yuan. To sum up the two aspects, in a highly competitive industry, Fang Duoduo's report card is not considered a top student. In the future, stronger team execution and faster speed are needed to have a chance to overtake.</p><p>This year, an important personnel change took place in Fangduoduo, and Liu Tianyang officially became the senior vice president of Fangduoduo. The new vice president is currently the director of Zhongyuan Group, the vice president of Zhongyuan Real Estate (mainland China), the president of Yuancui and the president of Jimu Real Estate.</p><p>Fang Duoduo is the major shareholder of Yuancui. What is the meaning of Liu Tianyang's joining? It is understood that Liu Tianyang will be responsible for second-hand housing and innovative business, including second-hand housing transaction business department, Tinghaozhu and Haofanghui business department.</p><p>Second-hand housing is likely to be Fangduoduo's next business focus in addition to its innovative business.</p><p>In 2020, the cumulative closed-loop GMV of Fangduoduo's second-hand housing was 73.1 billion, a year-on-year increase of 15.26%. In the whole year of 2020, the national second-hand housing transaction volume was 7.3 trillion yuan, the largest transaction volume since 2015.</p><p>As early as 2014, Fangduoduo invested a lot of resources in second-hand business. However, the business development was not smooth. In 2016, Fangduoduo completely shrank the second-hand housing business and returned to the new homeowner track. This time, revisiting the second-hand housing business, is Fang Duoduo really ready?</p><p>Currently, the market value of Fangduoduo is US $263 million, and the market value of Keike is 245 times that of it. In April, Anjuke submitted a listing application to the Hong Kong Stock Exchange, and the real estate market will usher in another giant. There are many houses facing \"breaking defense\", and more changes are needed to meet the challenges.</p>","source":"jdcj","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>There are many houses that \"break the defense\", what other good stories about capital are there?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThere are many houses that \"break the defense\", what other good stories about capital are there?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">节点财经</strong><span class=\"h-time small\">2021-06-06 17:26</span>\n</p>\n</h4>\n</header>\n<article>\n<p>From 2001 to now,<a href=\"https://laohu8.com/S/DUO\">Fangduoduo</a>Just 10 years have passed. Starting from the initial borrowing from the Groupon model, after several evolutions, Fangduoduo went public with the aura of \"the first industrial Internet SaaS stock\".</p><p>Now, the aura has begun to fade, and unfavorable factors have appeared in many aspects such as Fangduoduo's own positioning, continuous losses, and the performance of the secondary market-the SaaS story is \"ineffective\", the capital market stock price is tepid, and the industry In addition to the intensification of competition, Fangduoduo's profitability has weakened.</p><p>Recently, Fangduoduo released its financial report for the first quarter of this year. The financial report showed that Fangduoduo's adjusted net loss was 93 million yuan. The loss has intensified again, and Fangduoduo seems to be facing a \"breaking defense\" across the board?</p><p> / 01 /</p><p>Story breaks defense</p><p>How to talk about \"the first real estate SaaS stock\"?</p><p>In 2010, the three founders of Fangduoduo believed that although the Internet was in full swing, it was far away from two industries, one was real estate and the other was medical care. Among the three founders, Zeng Xi and Duan Yi are both born in real estate sales. Transforming the real estate market through the Internet has become their entrepreneurial direction, and Fangduoduo came into being.</p><p>The rapid growth of Fangduoduo had a great relationship with the industry environment at that time. At that time, the efficiency of real estate transactions in China was extremely low, and the penetration of the Internet into the real estate industry was still at a very weak stage. There are pain points and needs for transformation in the industry. Fangduoduo's original intention of \"improving efficiency for brokers through Internet-based tools\" has just made up for the lacking links in this industrial chain.</p><p>In the initial stage of development, Fangduoduo made profits by selling coupons to buyers, that is, by cooperating with developers to obtain coupons for house purchase, and then selling the coupons to customers through brokers and sharing them with brokers. After this model lasted for 4 or 5 years, important changes have taken place in the industry-houses are easy to sell, and people are rushing to buy them without discounts.</p><p>So Fangduoduo began to collect commissions from developers, and brokers took customers. After the transaction was completed, Fangduoduo paid commissions. Today, this is still the main source of income for Fangduoduo.</p><p>In recent years, under the high pressure of the \"three red lines\", the real estate industry has gradually entered the era of stock. Fangduoduo has launched its own new label: \"SaaS\" service. Simply understood, it is to help developers realize digitalization and open up the digital platform of brokers. That is to say, after Fangduoduo made the platform, it began to make standardized products and provide To B services.</p><p>Zeng Xi, co-CEO of Fangduoduo, once said, \"Fangduoduo wants to be a SaaS service company that not only helps upstream developers realize Internet, but also helps downstream brokerage companies realize SaaS service company.\"</p><p>After telling this \"story\", Fangduoduo transformed from a real estate trading platform into a technology enterprise. In 2019, when Fangduoduo was listed on Nasdaq, it had the super aura of \"the first industrial Internet SaaS stock\".</p><p>But this \"story\" is not so easy to tell, and the shadow behind the aura is not small. In recent years, Fangduoduo has been questioned by the industry about the attributes of SaaS. The reason is that from the perspective of revenue structure, Fangduoduo's commission and handling fees have remained above 90% for a long time, and the revenue from innovative businesses including SaaS services accounted for less than 10%.</p><p>From 2017 to 2020, commission and fee income and innovative business income accounted for 91.9% and 8.1% respectively; 89.1%、10.9%； 96.0%、4.0%； 90.7%、9.3%。 From 2017 to 2020, the revenue from innovative businesses was 146 million, 248 million, 144 million, and 228 million respectively. It can be seen that the revenue brought by SaaS services is not high, and the proportion is very small. Fangduoduo is also a company that makes money by commissions.</p><p><img src=\"https://static.tigerbbs.com/797e193abbaff10e77690a5e46d9d36c\" tg-width=\"720\" tg-height=\"545\" referrerpolicy=\"no-referrer\"></p><p>Data source: Fangduoduo financial report, wind</p><p>American real estate technology company<a href=\"https://laohu8.com/S/Z\">Zillow</a>It also takes SaaS as the core, but in terms of revenue, SaaS tools and solutions contribute nearly 70% of revenue. It can be seen that Fangduoduo is still far from its own goal of \"real estate Taobao\".</p><p>In the fourth quarter of last year, Fangduoduo upgraded its SaaS to Fangyun SaaS, which serves the upstream and downstream full-scenario digital marketing of the industry, helping developers to connect accurately and directly online and quickly start brokers, trying to improve the housing and customer matching efficiency of real estate transactions in this way, and control marketing costs on the other hand. However, judging from the just-released first-quarter financial report, it did not meet Fang Duoduo's expectations.</p><p> / 02 /</p><p>Profit breakdown</p><p>Listing is the highlight, profitability has been declining all the way</p><p>Recently, Fangduoduo announced its latest quarterly financial report. The financial report shows that in the first quarter of 2021, Fangduoduo's revenue was 291.0 million yuan, and its net loss was 102 million yuan. Under non-US accounting standards (Non-GAAP), Fangduoduo's adjusted net loss in the first quarter of 2021 was 93 million yuan.</p><p>If listing is regarded as a watershed, then before listing, Fangduoduo's revenue has increased year by year, and since listing, Fangduoduo's losses have been expanding.</p><p>Before listing, Fangduoduo's revenue from 2017 to 2019 was 1.7985 billion yuan, 2.2822 billion yuan, and 3.6 billion yuan respectively. After listing, it began to decline. Starting from the first quarter of 2020, the single-quarter revenue was 272.1 million yuan, 737.7 million yuan, 819.1 million yuan, and 622.4 million yuan respectively. Year-on-year declines of-58.52%,-22.20%,-13.59% and-40.57% respectively.</p><p>In the first quarter of this year, Fangduoduo's revenue fell to 291 million yuan. Instead of taking off with the help of the capital market, Fangduoduo experienced a downward surge, and the net profit attributable to the parent company grew negatively. From the first quarter of 2020 to the first quarter of 2021, Fangduoduo's net profit attributable to the parent company was-136 million yuan,-13.99 million yuan, 21.91 million yuan,-91.76 million yuan,-102 million yuan.</p><p><img src=\"https://static.tigerbbs.com/82dd656d8813a53e71e2eaf71afcdac4\" tg-width=\"720\" tg-height=\"545\" referrerpolicy=\"no-referrer\"></p><p>Data source: Fangduoduo financial report, wind</p><p>Is the reason for the decline in performance the epidemic?</p><p>Although the epidemic has had an impact, it seems that the decline in Fangduoduo's revenue cannot be completely deducted from the epidemic. According to data from the National Bureau of Statistics, in 2020, the national commercial housing sales will be close to 17.4 trillion yuan, a year-on-year increase of 8.7%. During the same period, the amount of housing transactions facilitated on the Fangduoduo platform decreased by 14%.</p><p>At the same time,<a href=\"https://laohu8.com/S/BEKE\">Shells</a>Operating income was 70.5 billion yuan, a year-on-year increase of 53.2%; The annual net profit reached 2.778 billion yuan, achieving the first full-year profit under US accounting standards. As of the end of 2020, Keike GTV (the total transaction volume of the platform for the whole year) exceeded 3.5 trillion yuan, and GTV increased to 3.0 times.</p><p>Excluding the influence of external factors, there is another crucial factor left-the intensification of industry competition.</p><p>Fangduoduo has always claimed to be an independent third-party platform, but the emergence of Keike and Anjuke has broken this balance. When Zuo Hui decided to be a shell, the industry accused him of being both a referee and an athlete, but from the results, Zuo Hui's choice was correct. At the beginning, the heaviest criticism<a href=\"https://laohu8.com/S/WUBA\">58.com</a>, and now it is also developing its Anjuke in the same direction.</p><p>The opponents are strong, and they are willing to invest heavily. They quickly occupy the market through subsidies and commissions, which has become a method for Shells to quickly occupy the minds of users. However, Fang Duoduo believes that vicious subsidies will not bring sustainable growth, so he gives up the decision to pay subsidies. And this decision put Fangduoduo under pressure in business. Zeng Xi also said that not participating in vicious subsidies has brought short-term pressure to the company.</p><p>In 2020, Fangduoduo's transaction scale and revenue will both decline. In 2020, the total closed-loop transaction GMV (total transaction volume) facilitated by Fangduoduo was 181.1 billion yuan, a year-on-year decrease of 14.0%; Realized revenue of 2.45 billion yuan, a year-on-year decrease of 31.9%.</p><p>Although the subsidy has been given up, seeing that the market value of Keike has reached 64.439 billion US dollars and is heading for a market value of 100 billion US dollars, Fangduoduo is not in a hurry. In the fourth quarter of last year, Fangduoduo began to carry out brand promotion and publicity on a large scale, and the sales expenses reached 32 million yuan, an increase of 88%, which doesn't seem much, but you must know that its annual sales expenses are only 38 million yuan.</p><p>Nowadays, real estate developers have also begun to sell properties online, and with the addition of Internet giants, Fangduoduo has to change. Previously, Fangduoduo had always emphasized the attribute of an independent third party. Duan Yi promised to the outside world, \"Be an independent platform, do not employ a broker by yourself, and do not open an offline store; defend the legitimate interests of every platform merchant; Do not encroach on any merchant's private data.\"</p><p>But subtly, this positioning is also changing. In November last year, Fangduoduo announced that it would invest in Yuancui, a franchise service operation platform under Zhongyuan Group. By taking shares, Fangduoduo completed the transformation from online to<a href=\"https://laohu8.com/S/300959\">Online and Offline</a>At the time of integrated transformation, it also lost the attribute of \"independent third-party platform\".</p><p>Giving up \"independence\" is to have stronger bargaining chips to participate in competition and embrace a larger market. This is the most fundamental means and method for Fangduoduo to turn around losses at present.</p><p> / 03 /</p><p>Valuation \"breaking defense\"</p><p>Competition intensifies and the capital market does not buy it</p><p>At the beginning, it was listed with the highlight, which stemmed from the pursuit of SaaS projects by investors in the secondary market. Especially in the US market,<a href=\"https://laohu8.com/S/CRM\">Salesforce</a>、<a href=\"https://laohu8.com/S/ZM\">Zoom</a>, Slack are superstars in this field. The combination of SaaS and industry gives real estate with low technological gold content an imaginative tomorrow.</p><p>After Fangduoduo's SaaS business ran for several quarters, the quality of the business surfaced. In November 2019, the issue price of Fangduoduo when it went public was US $13. As of the close on June 4, the quoted price was US $3.17, a drop of more than 70%.</p><p>The development of SaaS-related innovative service business has not been effective for several years. Currently, Fangduoduo faces two problems:</p><p>First, will innovative services continue to exert their strength?</p><p>The founding team gave an affirmative answer. Zeng Xi once said that Fangduoduo has two core advantages. The first is that it has gathered the largest group of brokers in China and is online at high frequency; The second is the ability to provide system solutions accumulated in the past decade. \"Based on these two advantages, we will unswervingly push developers to go online faster and help developers build the systems and operation services needed to go online.\"</p><p>Second, how high is the core competence barrier owned by Fangduoduo?</p><p>There are many services in the industry, such as shells. At present, there are nearly 300 brands, 47,000 stores and nearly 500,000 brokers in the ecosystem of Keike. A large amount of data allows Keike to have a powerful data system, which can serve brokers, store managers and platform service personnel on the platform, and make the operation process online. On the whole, this service is still an online operating system within the scope of real estate transactions.</p><p>Another more representative category is<a href=\"https://laohu8.com/S/00909\">Mingyuan Cloud</a>。 Mingyuan Cloud started as an enterprise ERP and has now transformed into a marketing SaaS service provider. The main service object is real estate enterprises.</p><p>It can be said that at present, mainstream traditional real estate enterprises have used Mingyuan Cloud's ERP system.</p><p>Mingyuan Cloud's SaaS business is mainly subdivided into cloud customer, cloud chain, cloud procurement, cloud space, etc., covering all aspects of the operation of real estate developers. Among them, Yunke (that is, the marketing SaaS system) has grown rapidly in the epidemic environment. In 2020, Mingyuan Cloud quickly launched handheld sales, integrating online communication, digital exhibition hall, online opening and other functions.</p><p>It is worth mentioning that in the fourth quarter of 2020, Fangduoduo also launched Fangyun SaaS. In terms of function, Fangyun SaaS's Ziqubao products are launched in stores<a href=\"https://laohu8.com/S/5RE.SI\">smart</a>New functions such as recommendations, merchant updates, salesman online stores, and high-intention visitor touch reminders help case sales quickly start brokerage merchants on the B-side. At the same time, private domain marketing tools are also simultaneously launched to Fangyun APP, supporting developers to initiate new gameplay methods such as live broadcast, short video customer acquisition, one-click VR generation of real estate, and online viewing by C-end users.</p><p>Everyone's gameplay is similar, and the competition will undoubtedly be more intense.</p><p>From the perspective of industry, there are giants such as Keike and Anjuke. From the perspective of SaaS services, there are also Mingyuan Cloud and a group of small and medium-sized players that have transformed from ERP.</p><p>Does Fangduoduo still have a chance? From the former point of view, real estate brokerage presents the Internet attribute of the strong and constantly strong. The larger the scale, the stronger the strength will be; From the latter perspective, among the top 100 real estate companies in 2020, Mingyuan Cloud has cooperated with 97 companies, and the unit price per customer has increased from 3.7 million to 6.1 million yuan. To sum up the two aspects, in a highly competitive industry, Fang Duoduo's report card is not considered a top student. In the future, stronger team execution and faster speed are needed to have a chance to overtake.</p><p>This year, an important personnel change took place in Fangduoduo, and Liu Tianyang officially became the senior vice president of Fangduoduo. The new vice president is currently the director of Zhongyuan Group, the vice president of Zhongyuan Real Estate (mainland China), the president of Yuancui and the president of Jimu Real Estate.</p><p>Fang Duoduo is the major shareholder of Yuancui. What is the meaning of Liu Tianyang's joining? It is understood that Liu Tianyang will be responsible for second-hand housing and innovative business, including second-hand housing transaction business department, Tinghaozhu and Haofanghui business department.</p><p>Second-hand housing is likely to be Fangduoduo's next business focus in addition to its innovative business.</p><p>In 2020, the cumulative closed-loop GMV of Fangduoduo's second-hand housing was 73.1 billion, a year-on-year increase of 15.26%. In the whole year of 2020, the national second-hand housing transaction volume was 7.3 trillion yuan, the largest transaction volume since 2015.</p><p>As early as 2014, Fangduoduo invested a lot of resources in second-hand business. However, the business development was not smooth. In 2016, Fangduoduo completely shrank the second-hand housing business and returned to the new homeowner track. This time, revisiting the second-hand housing business, is Fang Duoduo really ready?</p><p>Currently, the market value of Fangduoduo is US $263 million, and the market value of Keike is 245 times that of it. In April, Anjuke submitted a listing application to the Hong Kong Stock Exchange, and the real estate market will usher in another giant. There are many houses facing \"breaking defense\", and more changes are needed to meet the challenges.</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/stockzmt/2021-06-06/doc-ikqciyzi7997555.shtml\">节点财经</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/1b5d60c72c5bab028f3d7d10da10eef2","relate_stocks":{"DUO":"房多多"},"source_url":"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/stock/stockzmt/2021-06-06/doc-ikqciyzi7997555.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2141285413","content_text":"从2001年至今，房多多刚好走过了10年时间。从最初借鉴Groupon模式启程，几经演变后，房多多顶着“产业互联网SaaS第一股”的光环上市。\n如今，光环开始褪去，房多多的自身的定位、持续的亏损以及二级市场的表现等多个方面出现了不利因素——SaaS故事“不灵”、资本市场股价不温不火、行业的竞争也在加剧之外，房多多的盈利能力转弱。\n近期，房多多发布了今年一季度财报，财报显示，房多多经调整后的净亏损为9300万元。亏损再一次加剧，房多多似乎正在面临全线“破防”？\n / 01 /\n故事破防\n“房产SaaS第一股”如何讲下去？\n2010年时，房多多的三位创始人认为互联网虽然发展如火如荼，但是距离两个行业很远，其一是房地产，其二是医疗。三位创始人中，曾熙和段毅都是房产销售出身，通过互联网改造房地产市场就成为他们创业的方向，房多多应运而生。\n房多多能快速成长，与当时行业的环境有极大的关系。当时，中国房地产交易效率极低，互联网对房地产行业的渗透还处在非常弱的阶段。行业有痛点和改造的需求，房多多以“通过互联网化的工具为经纪人提高效率”为初衷，刚好补上了这个产业链上所欠缺的环节。\n在发展最初阶段，房多多通过向买房者卖优惠券的方式来实现盈利，即通过与开发商合作获得购房优惠券，然后把优惠券通过经纪人卖给客户，与经纪人进行分成。这种模式延续了4、5年后，行业发生了重要的变化——房子好卖了，不需要打折也有人抢着买。\n于是房多多开始向开发商收佣金，由经纪人带客，成交以后给房多多付佣金。时至今日，这仍然是房多多最主要的收入来源。\n近几年，“三道红线”的高压之下，房地产行业逐步走进存量时代。房多多打出了自己新的标签：“SaaS”服务。简单理解，就是帮助开发商实现数字化，打通经纪人的数字化平台。也就是说房多多在做出了平台之后，开始做标准化的产品，提供To B服务。\n房多多联席CEO曾熙曾表示，“房多多就是想做一家既帮助上游开发商实现互联网化的SaaS服务公司，又帮助下游经纪公司实现SaaS化的服务公司。”\n讲出这个“故事”后，房多多从一家房产交易平台摇身一变成了科技企业。2019年，房多多在纳斯达克上市时，就顶着“产业互联网SaaS第一股”的超级光环。\n但这个“故事”并不是那么好讲，光环背后阴影面不小。近几年，房多多一直被业内质疑SaaS的属性。原因是，从收入结构看，房多多佣金及手续费占比长期维持在90%以上，包含SaaS服务的创新业务收入占比不足10%。\n2017-2020年，佣金及手续费收入及创新业务收入占比分别为91.9%、8.1%；89.1%、10.9%；96.0%、4.0%；90.7%、9.3%。2017年到2020年，创新业务收入分别为1.46亿、2.48亿、1.44亿、2.28亿，可以看出，SaaS服务所带来的营收并不高，且占比很小。房多多还是一家靠佣金赚钱的公司。\n\n数据来源：房多多财报、wind\n美国房产科技公司Zillow也以SaaS为核心，但营收中，SaaS工具及解决方案贡献收入接近70%。可见房多多距离自己提出的“房地产淘宝”目标还有相当的距离。\n去年四季度，房多多将旗下SaaS全面升级为服务产业上下游全场景数字化营销的房云SaaS，帮助开发商在线精准直连、快速启动经纪人，试图通过这一方式一边提升房地产交易的房源和客源的匹配效率，另一边控制营销成本。但从刚刚发布的一季度财报看，并未如达到房多多的期待。\n / 02 /\n盈利破防\n上市即高光，盈利能力一路下滑\n近期，房多多公布了最新的季度财报。财报显示，2021年一季度，房多多营收为2.910亿元，净亏损为1.02亿元。非美国会计准则（Non-GAAP）下，房多多2021年第一季度经调整后的净亏损为9300万元。\n如果将上市作为分水岭，那么上市前，房多多的营收呈逐年增长，而自上市后，房多多的亏损正在不断扩大。\n上市前的房多多，2017-2019年营收分别为17.985亿元、22.822亿元、36亿元。而上市后则开始走下坡路，从2020年第一季度开始，单季度营收分别为2.721亿元、7.377亿元、8.191亿元、6.224亿元。同比分别下滑了-58.52%、-22.20%、-13.59%和-40.57%。\n今年一季度，房多多的营收更下滑至2.91亿元。房多多非但没有借助资本市场腾飞，反而一个下冲，归母净利润负增长，从2020年第一季度至2021年第一季度，房多多归母净利润分别为-1.36亿元、-1399万、2191万元、-9176万元、-1.02亿元。\n\n数据来源：房多多财报、wind\n业绩下滑原因是疫情吗？\n虽然疫情有所影响，但房多多营收的下降似乎不能完全扣在疫情上。国家统计局数据显示，2020年，全国商品房销售额接近17.4万亿元，同比增长了8.7%。同期，房多多平台上促成的房屋交易额下降了14%。\n同一时间，贝壳营业收入为705亿元，同比增长53.2%；全年净利润达27.78亿元，首次实现美国会计准则下的全年盈利。而截至2020年末，贝壳GTV（全年平台总交易额）突破3.5万亿元，GTV增长至3.0倍。\n排除外界因素影响，就剩下另一个至关重要的因素——行业竞争的加剧。\n房多多一直自诩为独立第三方平台，但贝壳、安居客的出现打破这样的平衡。在左晖决定做贝壳时，业内都指责他既做裁判，又做运动员，但从结果看，左晖的选择是正确的。当初，责难声最重的58同城，如今也将旗下的安居客向同样的方向发展。\n对手们实力强劲，还舍得大手笔投放，通过补贴和佣金迅速占领市场，成为贝壳们快速占领用户心智的方法，但房多多认为恶性补贴不会带来可持续的增长，便放弃了支付补贴的决定。而这一决定让房多多在业务上承压。曾熙也表示，不参与恶性补贴给公司带来了短暂的压力。\n2020年，房多多的交易规模和收入均出现下滑。2020年，房多多促成的总闭环交易GMV(交易总额)1811亿元，同比下降14.0%；实现收入24.5亿元，同比下降31.9%。\n虽然放弃补贴，但是眼看着贝壳市值已经达到644.39亿美元、正在朝向千亿市值进发，房多多也并非不急，去年第四季度，房多多开始大规模的进行品牌推广和宣传，销售费用达到0.32亿元，增幅高达88%，看上去不多，但要知道，而其全年销售费用也只有0.38亿元。\n如今，房地产商也开始在线卖楼，加上互联网巨头的加入，房多多不得不变。此前，房多多一直强调独立第三方的属性，段毅对外界承诺，“做独立平台，不自雇一个经纪人，不开一个线下店；捍卫每一个平台商户的正当利益；不侵占任何一个商户的私有数据。”\n但潜移默化中，这一定位也在改变。去年11月，房多多宣布入股中原集团旗下加盟服务运营平台原萃，借由入股，房多多完成了由线上到线上线下的一体化转型之际，但也丢掉了“独立第三方平台”的属性。\n放弃“独立”，是为了有更强的筹码参与竞争，拥抱更大的市场，这是房多多当前想要扭亏最根本的手段和方法。\n / 03 /\n估值“破防”\n竞争加剧、资本市场不买账\n当初顶着高光上市，源自二级市场投资人对SaaS类项目的追捧。尤其是在美国市场，Salesforce、Zoom、Slack都是这一领域的超级明星。SaaS与产业相结合，给了科技含金量较低的房地产一个充满想象力的明天。\n房多多的SaaS业务跑了几个季度后，业务质地浮上水面。2019年11月，房多多上市时的发行价为13美元，截至6月4日收盘，报价为3.17美元，跌去超过7成。\nSaaS相关的创新服务业务发展几年仍然不见成效，当前，房多多面临两个问题，\n其一、创新服务是否还会持续发力？\n创始团队给出了肯定的答案。曾熙曾表示，房多多有两个核心优势，第一是聚集了中国最大的经纪人群体且高频在线；第二是过去十年积累了提供系统解决方案的能力。“基于这两个优势，我们会坚定不移地去推动开发商更快地上线，帮助开发商建设上线所需要的系统和运营服务。”\n其二、房多多所拥有的核心能力壁垒有多高？\n业内做服务的不少，比如贝壳。目前，贝壳的生态内已经有将近300个品牌，4.7万家门店和近50万经纪人入驻。大量的数据让贝壳拥有强大的数据体系，可以为平台上的经纪人、门店经理还有平台服务人员进行服务，将作业流程线上化。从整体看，这种服务仍然是在房地产交易范围内的线上化操作系统。\n另外一类比较具备代表性的就是明源云。明源云从企业ERP起家，如今转型为营销SaaS服务商。主要服务对象就是房地产企业。\n可以说目前，主流的传统房地产企业都曾经使用过明源云的ERP系统。\n明源云的SaaS业务主要细分为云客、云链、云采购、云空间等，涵盖房地产开发商运行的各个环节。其中云客（也就是营销端SaaS系统）在疫情环境下增长迅猛。2020年，明源云迅速推出了掌上售楼，集合线上传播、数字展厅、线上开盘等功能。\n值得一提的是，2020年第四季度，房多多也推出房云SaaS。在功能上，房云SaaS旗下自渠宝产品上线门店智能推荐、商户动态、销售员网店、高意向访客触达提醒等全新功能，帮助案场销售在B端快速启动经纪商户。同时，私域营销工具也同步上线至房云APP，支持开发商发起直播、短视频获客、楼盘一键生成VR、C端用户在线带看等新玩法。\n大家的玩法相似，竞争也无疑会更加激烈。\n从产业端看，有贝壳、安居客等巨头，从SaaS服务看，还有从ERP转型而来的明源云和一众中小玩家。\n房多多还有机会吗？从前者看，房地产经纪呈现强者恒强的互联网属性，规模越大，则实力将越强；而从后者看，2020 年百强房企中，明源云合作了 97 家，客单价从 370 万提升到 610 万元。两个方面总结下来，竞争激烈的行业中，房多多的成绩单算不上优等生，未来需要更强的团队执行力和更快的速度，方有反超的机会。\n今年，房多多发生了一项重要人事变化，刘天旸正式担任房多多高级副总裁。而这位新任的副总裁，目前还任中原集团董事、中原地产（中国内地）副总裁、原萃总裁和几亩置业总裁。\n房多多是原萃的大股东，刘天旸的加盟有何深意？据了解，刘天旸将负责二手房及创新业务，包括二手房交易事业部、挺好住和好房汇业务部。\n二手房，极有可能是房多多继创新业务外下一个业务重点。\n2020年，房多多二手房累计闭环GMV为731亿，同比增长15.26%。而在2020年全年，全国二手房交易金额7.3万亿，创下了自2015年以来最大值的交易额。\n早在2014年，房多多曾投入了大量的资源在二手业务上。但业务发展并不顺利，房多多在2016年把二手房的业务全面地收缩掉，回到了新房主赛道。这一次，重提二手房业务，房多多真的准备好了吗？\n当前，房多多的市值为2.63亿美元，贝壳市值是其245倍。4月份，安居客向港交所提交了上市申请，房产交易市场将迎来又一个巨无霸。面临“破防”的房多多，需要更多变化应对挑战。","news_type":1,"symbols_score_info":{"DUO":0.9}},"isVote":1,"tweetType":1,"viewCount":658,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":112454293,"gmtCreate":1622907538712,"gmtModify":1704193192067,"author":{"id":"3581939067431343","authorId":"3581939067431343","name":"山那边的英英子","avatar":"https://static.tigerbbs.com/8c8a7304c7112e9c83de3d44c85ec252","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581939067431343","idStr":"3581939067431343"},"themes":[],"htmlText":"d","listText":"d","text":"d","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/112454293","repostId":"1195062945","repostType":4,"repost":{"id":"1195062945","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1622863650,"share":"https://ttm.financial/m/news/1195062945?lang=en_US&edition=fundamental","pubTime":"2021-06-05 11:27","market":"us","language":"zh","title":"FTSE Russell: Removing GameStop from the Russell Small Cap Index","url":"https://stock-news.laohu8.com/highlight/detail?id=1195062945","media":"老虎资讯综合","summary":"富时罗素将游戏驿站从罗素小盘股指数中删除，特斯拉、摩根大通跻身罗素美国指数前10名。","content":"<p>FTSE Russell will<a href=\"https://laohu8.com/S/GME\">GameStop</a>Removed from the Russell Small Cap Index,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>、<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>In the top 10 of the Russell U.S. Index.</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>FTSE Russell: Removing GameStop from the Russell Small Cap Index</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFTSE Russell: Removing GameStop from the Russell Small Cap Index\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-06-05 11:27</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>FTSE Russell will<a href=\"https://laohu8.com/S/GME\">GameStop</a>Removed from the Russell Small Cap Index,<a href=\"https://laohu8.com/S/TSLA\">Tesla</a>、<a href=\"https://laohu8.com/S/JPM\">JPMorgan Chase</a>In the top 10 of the Russell U.S. Index.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/11b5c7ad673e1c8970d7acd20db0cef5","relate_stocks":{"GME":"游戏驿站"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195062945","content_text":"富时罗素将游戏驿站从罗素小盘股指数中删除，特斯拉、摩根大通跻身罗素美国指数前10名。","news_type":1,"symbols_score_info":{"RTYmain":1,"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":464,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":137310799,"gmtCreate":1622298276611,"gmtModify":1704182813759,"author":{"id":"3581939067431343","authorId":"3581939067431343","name":"山那边的英英子","avatar":"https://static.tigerbbs.com/8c8a7304c7112e9c83de3d44c85ec252","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581939067431343","idStr":"3581939067431343"},"themes":[],"htmlText":"d","listText":"d","text":"d","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/137310799","repostId":"1139893263","repostType":4,"repost":{"id":"1139893263","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1621926753,"share":"https://ttm.financial/m/news/1139893263?lang=en_US&edition=fundamental","pubTime":"2021-05-25 15:12","market":"hk","language":"zh","title":"Reminder: Due to Memorial Day, U.S. stocks will be closed for one day on May 31","url":"https://stock-news.laohu8.com/highlight/detail?id=1139893263","media":"老虎资讯综合","summary":"据悉，5月31日（周一）因美国阵亡将士纪念日，美股市场休市一日，周二起照常交易。5月31日（周一）英股市场因Bank Holiday休市一日，周二起照常交易。港股、A股、澳股、新加坡股市照常交易。背景","content":"<p>It is reported that on May 31 (Monday) due to Memorial Day in the United States, the U.S. stock market will be closed for one day, and trading will continue as usual from Tuesday.</p><p>On May 31 (Monday), the British stock market will be closed for one day due to Bank Holiday, and trading will continue as usual from Tuesday.</p><p>Hong Kong stocks, A-shares, Australian stocks and Singapore stock markets are trading as usual.</p><p><b>Background brief:</b></p><p>Memorial Day: It is a holiday commemorated by most states in the United States. It was originally May 30th. After 1971, in order to ensure that federal employees can enjoy this rest day, many states changed it to the last Monday in May.</p><p>In the American Civil War, countless soldiers were killed in the war. At the end of the war, many families in the south began to pay homage to the soldiers killed in the war. Regardless of the north and the south, they offered flowers to the cemeteries of the dead on both sides in spring. Northerners were deeply moved by this and regarded this act as a symbol of national unity. In 1868, May 30 was officially approved as a day to lay flowers to the soldiers who died heroically defending the motherland.</p><p>On Memorial Day, American active-duty soldiers and veterans line up in a long queue to go to the cemetery, fire guns to greet the fallen soldiers, and blow the lights out signal in the army to let the dead soldiers rest in peace.<img src=\"https://static.tigerbbs.com/98d5ab469653a1d3faf593c83b1649c9\" tg-width=\"640\" tg-height=\"458\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: Due to Memorial Day, U.S. stocks will be closed for one day on May 31</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReminder: Due to Memorial Day, U.S. stocks will be closed for one day on May 31\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-05-25 15:12</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>It is reported that on May 31 (Monday) due to Memorial Day in the United States, the U.S. stock market will be closed for one day, and trading will continue as usual from Tuesday.</p><p>On May 31 (Monday), the British stock market will be closed for one day due to Bank Holiday, and trading will continue as usual from Tuesday.</p><p>Hong Kong stocks, A-shares, Australian stocks and Singapore stock markets are trading as usual.</p><p><b>Background brief:</b></p><p>Memorial Day: It is a holiday commemorated by most states in the United States. It was originally May 30th. After 1971, in order to ensure that federal employees can enjoy this rest day, many states changed it to the last Monday in May.</p><p>In the American Civil War, countless soldiers were killed in the war. At the end of the war, many families in the south began to pay homage to the soldiers killed in the war. Regardless of the north and the south, they offered flowers to the cemeteries of the dead on both sides in spring. Northerners were deeply moved by this and regarded this act as a symbol of national unity. In 1868, May 30 was officially approved as a day to lay flowers to the soldiers who died heroically defending the motherland.</p><p>On Memorial Day, American active-duty soldiers and veterans line up in a long queue to go to the cemetery, fire guns to greet the fallen soldiers, and blow the lights out signal in the army to let the dead soldiers rest in peace.<img src=\"https://static.tigerbbs.com/98d5ab469653a1d3faf593c83b1649c9\" tg-width=\"640\" tg-height=\"458\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/98d5ab469653a1d3faf593c83b1649c9","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139893263","content_text":"据悉，5月31日（周一）因美国阵亡将士纪念日，美股市场休市一日，周二起照常交易。5月31日（周一）英股市场因Bank Holiday休市一日，周二起照常交易。港股、A股、澳股、新加坡股市照常交易。背景简介：阵亡将士纪念日（Memorial Day）：是美国大多数州都要纪念的节日，时间原为5月30日，1971年以后，为保证联邦雇员都能享有这一休息日，许多州将它改在5月的最后一个星期一。美国南北战争中，无数将士在战火中阵亡。战争结束，南部许多家庭开始祭奠战争中阵亡的将士。他们不分南北双方，在春天向双方死者的墓地都奉献鲜花，北方人为此深受感动，将这一举动视为民族团结的象征。1868年，5月30日这一天被正式批准为向为保卫祖国而英勇牺牲的士兵们敬献鲜花的日子。每逢阵亡将士纪念日，美国现役军人和老战士便排成长长的队伍前往墓地，鸣枪向阵亡将士致意，吹响军中熄灯号让死难将士安息。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":399,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9911202777,"gmtCreate":1664204066500,"gmtModify":1676537409659,"author":{"id":"3581939067431343","authorId":"3581939067431343","name":"山那边的英英子","avatar":"https://static.tigerbbs.com/8c8a7304c7112e9c83de3d44c85ec252","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581939067431343","idStr":"3581939067431343"},"themes":[],"htmlText":" o","listText":" o","text":"o","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9911202777","repostId":"1105206908","repostType":4,"repost":{"id":"1105206908","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1664202329,"share":"https://ttm.financial/m/news/1105206908?lang=en_US&edition=fundamental","pubTime":"2022-09-26 22:25","market":"us","language":"en","title":"Chinese Education Stocks Rose in Morning Trading","url":"https://stock-news.laohu8.com/highlight/detail?id=1105206908","media":"Tiger Newspress","summary":"Chinese Education Stocks Rose in Morning Trading.New Oriental Education & Technology climbed 12%, Ga","content":"<html><head></head><body><p>Chinese Education Stocks Rose in Morning Trading.</p><p>New Oriental Education & Technology climbed 12%, Gaotu Techdu and TAL Education rose between 7% and 8% .</p><p><img src=\"https://static.tigerbbs.com/98e210e74a0e1f961c66ebf449adfd87\" tg-width=\"516\" tg-height=\"287\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese Education Stocks Rose in Morning Trading</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese Education Stocks Rose in Morning Trading\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-09-26 22:25</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Chinese Education Stocks Rose in Morning Trading.</p><p>New Oriental Education & Technology climbed 12%, Gaotu Techdu and TAL Education rose between 7% and 8% .</p><p><img src=\"https://static.tigerbbs.com/98e210e74a0e1f961c66ebf449adfd87\" tg-width=\"516\" tg-height=\"287\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EDU":"新东方","YQ":"一起教育科技"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105206908","content_text":"Chinese Education Stocks Rose in Morning Trading.New Oriental Education & Technology climbed 12%, Gaotu Techdu and TAL Education rose between 7% and 8% .","news_type":1,"symbols_score_info":{"YQ":0.9,"EDU":0.9}},"isVote":1,"tweetType":1,"viewCount":401,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9937729393,"gmtCreate":1663509945612,"gmtModify":1676537281164,"author":{"id":"3581939067431343","authorId":"3581939067431343","name":"山那边的英英子","avatar":"https://static.tigerbbs.com/8c8a7304c7112e9c83de3d44c85ec252","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581939067431343","idStr":"3581939067431343"},"themes":[],"htmlText":"v","listText":"v","text":"v","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9937729393","repostId":"1175700857","repostType":4,"repost":{"id":"1175700857","kind":"news","pubTimestamp":1663468218,"share":"https://ttm.financial/m/news/1175700857?lang=en_US&edition=fundamental","pubTime":"2022-09-18 10:30","market":"us","language":"en","title":"This Bear Market Advice Can Be Very Effective If You Do It In the Right Way","url":"https://stock-news.laohu8.com/highlight/detail?id=1175700857","media":"RealMoney","summary":"Folks that watch the market very closely have a bias toward action. They become bored and restless a","content":"<html><head></head><body><p>Folks that watch the market very closely have a bias toward action. They become bored and restless and want to do something even when conditions are not favorable. This inclination leads to the most common advice in a bear market: to build positions by averaging into them.</p><p>In theory, this is a great idea. No one can time the market with great precision, so a good way to build a position is to make smaller buys over a more extended period of time and hopefully end up with a pretty good average entry price.</p><p>There is no disputing the wisdom of entering positions incrementally, especially in a poor market, but executing this strategy can be challenging. The most common mistake is to average into a position too big and fast. When positions are too large in a poor market, there is an increased risk of panic selling.</p><p>The problem is that market participants tend to have a very strong tendency toward premature action. They want to act, and they also want to try to time the exact lows, and the combination of the two tendencies is that they act too early.</p><p><b>Buying Later Rather Than Early Is Better</b></p><p>In previous columns, I have discussed my view that buying later rather than early is better. If you buy after a low has occurred, there are precise support levels, and there is more likely to be sustained upside momentum. When you buy into the teeth of a decline, you have to hope that the downside momentum is about to stop and reverse. When the market is oversold, there can be some good countertrend bounces, but it is extremely hard to predict market lows prospectively.</p><p>Averaging into positions in a bear market probably causes more significant damage to accounts than anything else. The big danger is that the timing is wrong, and the position becomes uncomfortably large and refuses to bounce. This evokes strong emotions and causes panic reactions.</p><p>It is also essential to recognize that there is a risk that maybe you are betting on the wrong stock. Not every stock that sinks in a bear market will rebound when conditions improve. If you keep adding as it goes lower, you are setting yourself up for a major loss. This is another reason why it is important to look for some strength before you add to a position.</p><p>I am a big fan of an incremental approach to trading and investing, but far too many people do it wrong. They are too focused on buying weakness and trying to time the bottom. You have to be willing to add into strength and not just on weakness. People tend to want to buy weakness because there is the illusion that they are getting a bargain, but in investing, you make the big money not by buying the low but by buying a sustained uptrend.</p><p>This is a critical point that most market participants overlook. Just because a stock has found a low doesn't mean it will go up very much. Buying low isn't a great strategy if there isn't any significant high to sell in a reasonably short time frame.</p><p>I highly recommend using the 'average in' strategy, but I would amend it in two ways. First, use short-term volatility to trade the position. If you catch a bounce, then reduce the position and look to rebuy as conditions improve. Second, look to build the core position on strength rather than weakness. Don't just endlessly buy as the price goes lower. Make the stock prove that it has some relative strength before you trust it.</p><p>Averaging into a position is standard bear market advice, but it has to be done right to be effective.</p></body></html>","source":"lsy1619508253632","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>This Bear Market Advice Can Be Very Effective If You Do It In the Right Way</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThis Bear Market Advice Can Be Very Effective If You Do It In the Right Way\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-09-18 10:30 GMT+8 <a href=https://realmoney.thestreet.com/investing/this-bear-market-advice-can-be-very-effective-if-you-do-it-in-the-right-way-16100208><strong>RealMoney</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Folks that watch the market very closely have a bias toward action. They become bored and restless and want to do something even when conditions are not favorable. This inclination leads to the most ...</p>\n\n<a href=\"https://realmoney.thestreet.com/investing/this-bear-market-advice-can-be-very-effective-if-you-do-it-in-the-right-way-16100208\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://realmoney.thestreet.com/investing/this-bear-market-advice-can-be-very-effective-if-you-do-it-in-the-right-way-16100208","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175700857","content_text":"Folks that watch the market very closely have a bias toward action. They become bored and restless and want to do something even when conditions are not favorable. This inclination leads to the most common advice in a bear market: to build positions by averaging into them.In theory, this is a great idea. No one can time the market with great precision, so a good way to build a position is to make smaller buys over a more extended period of time and hopefully end up with a pretty good average entry price.There is no disputing the wisdom of entering positions incrementally, especially in a poor market, but executing this strategy can be challenging. The most common mistake is to average into a position too big and fast. When positions are too large in a poor market, there is an increased risk of panic selling.The problem is that market participants tend to have a very strong tendency toward premature action. They want to act, and they also want to try to time the exact lows, and the combination of the two tendencies is that they act too early.Buying Later Rather Than Early Is BetterIn previous columns, I have discussed my view that buying later rather than early is better. If you buy after a low has occurred, there are precise support levels, and there is more likely to be sustained upside momentum. When you buy into the teeth of a decline, you have to hope that the downside momentum is about to stop and reverse. When the market is oversold, there can be some good countertrend bounces, but it is extremely hard to predict market lows prospectively.Averaging into positions in a bear market probably causes more significant damage to accounts than anything else. The big danger is that the timing is wrong, and the position becomes uncomfortably large and refuses to bounce. This evokes strong emotions and causes panic reactions.It is also essential to recognize that there is a risk that maybe you are betting on the wrong stock. Not every stock that sinks in a bear market will rebound when conditions improve. If you keep adding as it goes lower, you are setting yourself up for a major loss. This is another reason why it is important to look for some strength before you add to a position.I am a big fan of an incremental approach to trading and investing, but far too many people do it wrong. They are too focused on buying weakness and trying to time the bottom. You have to be willing to add into strength and not just on weakness. People tend to want to buy weakness because there is the illusion that they are getting a bargain, but in investing, you make the big money not by buying the low but by buying a sustained uptrend.This is a critical point that most market participants overlook. Just because a stock has found a low doesn't mean it will go up very much. Buying low isn't a great strategy if there isn't any significant high to sell in a reasonably short time frame.I highly recommend using the 'average in' strategy, but I would amend it in two ways. First, use short-term volatility to trade the position. If you catch a bounce, then reduce the position and look to rebuy as conditions improve. Second, look to build the core position on strength rather than weakness. Don't just endlessly buy as the price goes lower. Make the stock prove that it has some relative strength before you trust it.Averaging into a position is standard bear market advice, but it has to be done right to be effective.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":515,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9937917076,"gmtCreate":1663340821595,"gmtModify":1676537255909,"author":{"id":"3581939067431343","authorId":"3581939067431343","name":"山那边的英英子","avatar":"https://static.tigerbbs.com/8c8a7304c7112e9c83de3d44c85ec252","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581939067431343","idStr":"3581939067431343"},"themes":[],"htmlText":"n","listText":"n","text":"n","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9937917076","repostId":"1153896735","repostType":4,"repost":{"id":"1153896735","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1663337307,"share":"https://ttm.financial/m/news/1153896735?lang=en_US&edition=fundamental","pubTime":"2022-09-16 22:08","market":"us","language":"en","title":"Hot Chinese ADRs Slipped in Morning Trading with Pinduoduo Sliding Over 5%","url":"https://stock-news.laohu8.com/highlight/detail?id=1153896735","media":"Tiger Newspress","summary":"Hot Chinese ADRs slipped in morning trading with Pinduoduo sliding over 5%.","content":"<html><head></head><body><p>Hot Chinese ADRs slipped in morning trading with Pinduoduo sliding over 5%.<img src=\"https://static.tigerbbs.com/4d62c1b0f96f499826c918a61b0e5054\" tg-width=\"435\" tg-height=\"604\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hot Chinese ADRs Slipped in Morning Trading with Pinduoduo Sliding Over 5%</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\">\nHot Chinese ADRs Slipped in Morning Trading with Pinduoduo Sliding Over 5%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2022-09-16 22:08</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Hot Chinese ADRs slipped in morning trading with Pinduoduo sliding over 5%.<img src=\"https://static.tigerbbs.com/4d62c1b0f96f499826c918a61b0e5054\" tg-width=\"435\" tg-height=\"604\" width=\"100%\" height=\"auto\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PDD":"拼多多","BABA":"阿里巴巴","JD":"京东"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153896735","content_text":"Hot Chinese ADRs slipped in morning trading with Pinduoduo sliding over 5%.","news_type":1,"symbols_score_info":{"PDD":0.9,"BABA":0.9,"JD":0.9}},"isVote":1,"tweetType":1,"viewCount":187,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":869900986,"gmtCreate":1632232696345,"gmtModify":1676530730476,"author":{"id":"3581939067431343","authorId":"3581939067431343","name":"山那边的英英子","avatar":"https://static.tigerbbs.com/8c8a7304c7112e9c83de3d44c85ec252","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581939067431343","idStr":"3581939067431343"},"themes":[],"htmlText":"b","listText":"b","text":"b","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/869900986","repostId":"1100031374","repostType":4,"repost":{"id":"1100031374","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1631587259,"share":"https://ttm.financial/m/news/1100031374?lang=en_US&edition=fundamental","pubTime":"2021-09-14 10:40","market":"hk","language":"zh","title":"Reminder: The Mid-Autumn Festival market closure arrangement is here! Hong Kong stocks closed on the 22nd","url":"https://stock-news.laohu8.com/highlight/detail?id=1100031374","media":"老虎资讯综合","summary":"2021年中秋节假期即将来临！各主要市场休市安排如下：港股：\n\n\n9月22日（周三）休市。9月23日（周四）起照常开市。\n\n\nA股：\n\n\n9月20日（周一）至9月21日（周二）休市。9月22日（周三）起照常开市。\n\n\n美股、英股、澳股、新加坡股市照常交易。\n\n\n沪股通和深股通：\n\n\n9月17日（周五）至9月22日（周三）关闭。9月23日（周四）起照常开通。\n\n\n港股通：\n\n\n9月16日（周四）至9月22日（周三）关闭。9月23日（周四）起照常开通。","content":"<p>The 2021 Mid-Autumn Festival holiday is upon us! The closing arrangements of major markets are as follows:<img src=\"https://static.tigerbbs.com/a514042f0cc485274181ed3db4bcf541\" tg-width=\"1103\" tg-height=\"746\" width=\"100%\" height=\"auto\"><b>Hong Kong stocks:</b></p><p>The market is closed on Wednesday, September 22. The market will open as usual from September 23rd (Thursday).</p><p><b>A shares:</b></p><p>Closed from Monday, September 20th to Tuesday, September 21st. The market will open as usual from September 22nd (Wednesday).</p><p><b>U.S. stocks, British stocks, Australian stocks and Singapore stock markets traded as usual.</b></p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>Closed Friday, September 17-Wednesday, September 22. It will be open as usual from September 23rd (Thursday).</p><p><b>Hong Kong Stock Connect:</b></p><p>Closed Thursday, September 16-Wednesday, September 22. It will be open as usual from September 23rd (Thursday).</p><p><img src=\"https://static.tigerbbs.com/75ca986d45037f1a0b113e295b82f3f9\" tg-width=\"2048\" tg-height=\"1311\" referrerpolicy=\"no-referrer\"></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Reminder: The Mid-Autumn Festival market closure arrangement is here! Hong Kong stocks closed on the 22nd</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nReminder: The Mid-Autumn Festival market closure arrangement is here! Hong Kong stocks closed on the 22nd\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-09-14 10:40</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The 2021 Mid-Autumn Festival holiday is upon us! The closing arrangements of major markets are as follows:<img src=\"https://static.tigerbbs.com/a514042f0cc485274181ed3db4bcf541\" tg-width=\"1103\" tg-height=\"746\" width=\"100%\" height=\"auto\"><b>Hong Kong stocks:</b></p><p>The market is closed on Wednesday, September 22. The market will open as usual from September 23rd (Thursday).</p><p><b>A shares:</b></p><p>Closed from Monday, September 20th to Tuesday, September 21st. The market will open as usual from September 22nd (Wednesday).</p><p><b>U.S. stocks, British stocks, Australian stocks and Singapore stock markets traded as usual.</b></p><p><b>Shanghai Stock Connect and Shenzhen Stock Connect:</b></p><p>Closed Friday, September 17-Wednesday, September 22. It will be open as usual from September 23rd (Thursday).</p><p><b>Hong Kong Stock Connect:</b></p><p>Closed Thursday, September 16-Wednesday, September 22. It will be open as usual from September 23rd (Thursday).</p><p><img src=\"https://static.tigerbbs.com/75ca986d45037f1a0b113e295b82f3f9\" tg-width=\"2048\" tg-height=\"1311\" referrerpolicy=\"no-referrer\"></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/75ca986d45037f1a0b113e295b82f3f9","relate_stocks":{},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100031374","content_text":"2021年中秋节假期即将来临！各主要市场休市安排如下：港股：\n9月22日（周三）休市。9月23日（周四）起照常开市。\nA股：\n9月20日（周一）至9月21日（周二）休市。9月22日（周三）起照常开市。\n美股、英股、澳股、新加坡股市照常交易。\n沪股通和深股通：\n9月17日（周五）至9月22日（周三）关闭。9月23日（周四）起照常开通。\n港股通：\n9月16日（周四）至9月22日（周三）关闭。9月23日（周四）起照常开通。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":449,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":832063656,"gmtCreate":1629543099875,"gmtModify":1676530068452,"author":{"id":"3581939067431343","authorId":"3581939067431343","name":"山那边的英英子","avatar":"https://static.tigerbbs.com/8c8a7304c7112e9c83de3d44c85ec252","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581939067431343","idStr":"3581939067431343"},"themes":[],"htmlText":" n","listText":" n","text":"n","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/832063656","repostId":"2161579746","repostType":4,"isVote":1,"tweetType":1,"viewCount":193,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801906208,"gmtCreate":1627477625504,"gmtModify":1703490699613,"author":{"id":"3581939067431343","authorId":"3581939067431343","name":"山那边的英英子","avatar":"https://static.tigerbbs.com/8c8a7304c7112e9c83de3d44c85ec252","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581939067431343","idStr":"3581939067431343"},"themes":[],"htmlText":"b","listText":"b","text":"b","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/801906208","repostId":"1187015717","repostType":4,"repost":{"id":"1187015717","kind":"news","weMediaInfo":{"introduction":"格隆汇旗下公众号。分享和探讨港股、美国中概股以及少量估值确有吸引力之A股的投资线索、投资机会与投资心得.","home_visible":1,"media_name":"格隆汇投资学苑","id":"3","head_image":"https://static.tigerbbs.com/5d7d04eb4f16b0013ed2c39f71b84b6c"},"pubTimestamp":1627476468,"share":"https://ttm.financial/m/news/1187015717?lang=en_US&edition=fundamental","pubTime":"2021-07-28 20:47","market":"hk","language":"zh","title":"Bargain hunting? Wait a little longer","url":"https://stock-news.laohu8.com/highlight/detail?id=1187015717","media":"格隆汇投资学苑","summary":"外资不怀好意\n\n经历了两天的暴跌，今天的市场貌似松了一口气。\nA股三大指数有了一定的企稳迹象，上证和深成指只是分别微跌0.58%、0.05%，创业板指数则在宁德时代的带领下翻红，收涨1.61%。\n港股","content":"<p>Foreign capital has experienced a two-day plunge with bad intentions, and today's market seems to be relieved.</p><p>The three major A-share indexes have shown certain signs of stabilization. The Shanghai Composite and Shenzhen Component Index only fell slightly by 0.58% and 0.05% respectively, while the ChiNext Index<a href=\"https://laohu8.com/S/300750\">Ningde era</a>It turned red under the leadership of, closing up 1.61%.</p><p>Hong Kong stocks also ushered in a rebound, with the Hang Seng Index closing up 1.35% and the Hang Seng Technology Index closing up 2.75%.</p><p>In terms of sectors and individual stocks, new energy has risen again, and consumer, pharmaceutical, and Internet companies have also rebounded to a certain extent. After a panic, the days seemed to go back to before, and music and dancing continued.</p><p><b>However, the calm on the stage can't hide the undercurrent under the stage.</b></p><p><b>1、</b><b><b>Hong Kong A-shares collectively fell</b></b></p><p>This round of sharp decline was caused by policies, especially policies aimed at off-campus education, which almost wiped out the industry. There is no way. Under the national grand strategy of encouraging childbirth, it is inevitable that anyone who runs counter to this policy will be \"pulled and closed\". Education stocks on Hong Kong stocks and US stocks, even if they are delisted, don't think it's strange.</p><p>But the strange thing is that this time it is not just education stocks, but the entire market has been brought down. Since last Friday, the Hang Seng Index has fallen by nearly 10% in the past three trading days; The single-day drop over the past two days has been more than 1,000 points. From the K-line chart, it can be called a \"diving\" market.</p><p><img src=\"https://static.tigerbbs.com/aea44e8f9c2a90108b703d571a831add\" tg-width=\"989\" tg-height=\"658\" referrerpolicy=\"no-referrer\"></p><p>This kind of falling \"landscape\" appeared in 2019 and 2020, but corresponding to the macro environment at that time, the first time was because the first draft of the Sino-US Trade Negotiation Agreement was overturned, and the second time was because Trump imposed tariffs on the remaining 300 billion US dollars of Chinese imports, and the US-China trade war expanded. In 2020, it was caused by the outbreak of the novel coronavirus pneumonia and the global stock market crash.</p><p>This time, there is neither a trade war nor a major disaster. Although the macro economy is under pressure, it is generally stable. The policy is negative one after another, which is explained to a certain extent as \"there are 10 birds on the tree, one is shot, and the others are all scared away\".<b>But such a panic selling, in the absence of extreme natural and man-made disasters, can it only be attributed to capital panic?</b></p><p>Others blame it on the fall of the Hang Seng Technology Index. In the past three trading days, the decline was as high as 16.6%. Yesterday, it once fell by more than 10% in intraday trading, directly falling below the point when it was established.</p><p><img src=\"https://static.tigerbbs.com/4aec5d86c06cb9f7d868fa93265db1a1\" tg-width=\"991\" tg-height=\"653\" referrerpolicy=\"no-referrer\"></p><p>It is true that the Hang Seng Technology Index is where Internet giants gather together, and these giants are also heavyweights of the Hang Seng Index. This year, the country's anti-monopoly on the Internet has been rising one after another, and the stock prices of giants have generally fallen by more than 40%. Especially in the past three trading days, the stock king<a href=\"https://laohu8.com/S/00700\">Tencent</a>With a drop of nearly 19%, the Hang Seng Technology Index and even the Hang Seng Index can't escape bad luck.</p><p>But this is not the first time that anti-monopoly has happened. The market has been digested for half a year. Why do you have to wait until this time to concentrate on fleeing?</p><p>Looking at A-shares, the situation is very similar. They have fallen by 5% in the past three trading days. This short-term sharp decline can only be compared with the trade war in 2018, the novel coronavirus pneumonia in 2020, and the big correction in February this year.</p><p><img src=\"https://static.tigerbbs.com/476d2dfe6bfbb0e1348082bb3e68a869\" tg-width=\"991\" tg-height=\"650\" referrerpolicy=\"no-referrer\"></p><p>A-share benchmark-<a href=\"https://laohu8.com/S/600519\">Kweichow Moutai</a>, the stock price dropped from a high of 2,006 yuan last Wednesday to 1,712 yuan in 4 trading days, a drop of 13%. This sharp drop only happened when the performance at the end of October 2018 was less than expected, and the major correction in February this year, even in It did not happen when the COVID-19 pandemic broke out last year.</p><p>Have Maotai's fundamentals changed? No, no.</p><p>Has there been a significant impact on Maotai's operations? No, either.</p><p>Starting from the national strategy, high-profit industries should serve more for fertility, the country's scientific and technological innovation, and the realization of the overall goal of socialism. There is no doubt about this. It also explains the reason for Maotai's sharp drop, but it is always attributed to macro factors. It seems difficult to say the past, so we might as well go back to the most direct influencing factor of stock prices--<b>Market transactions</b>。</p><p>Since the opening of Hong Kong Stock Connect, Kweichow Moutai has become the favorite of foreign investors to invest in A shares, and of course it has also become the best target to observe the trend of foreign capital. Every abnormality in Moutai's stock price can capture information from the inflow and outflow of foreign capital. For example, five trading days before and after the \"218\" correction, foreign investors sold 1.28 million shares of Maotai, with a net selling amount of 22.4 billion; Another example is that on May 25, Moutai rose 6% in a single day, and foreign investors bought a net 1.42 million shares, with a net purchase amount of 4.5 billion.</p><p>We found that the net sales of Kweichow Moutai by foreign capital in recent days have been very large, with a total of 810,000 shares sold and a net outflow of 10.3 billion. What signal is this?</p><p><b>2、</b><b><b>Stocks, bonds and exchanges have fallen, and foreign investors are smashing the market?</b></b></p><p>On the other hand, in late A-share trading yesterday, there was a wave of abnormal fluctuations in stocks, foreign exchange bonds. At about 3 pm, the exchange rate of RMB against the US dollar depreciated intensively, reaching 0.5%, which is already very large in the exchange rate market.</p><p><img src=\"https://static.tigerbbs.com/8d4595c9fbbb94c8f63e69ffa0d80de4\" tg-width=\"994\" tg-height=\"655\" referrerpolicy=\"no-referrer\"></p><p>The FTSE China A50 Index not only rubbed sharply in late trading, A-shares fell 2.8% at the close, but also experienced a wave of diving after the close, falling another 3% within half an hour, equivalent to the biggest drop of 5.8% on the day.</p><p><img src=\"https://static.tigerbbs.com/3bb9fa0ef44baba21c43dfc676d62f06\" tg-width=\"714\" tg-height=\"716\" referrerpolicy=\"no-referrer\"></p><p>In the bond market, a concentrated decline began at 15 o'clock. The Chinese 10-year Treasury Bond began to see a wave of yield rise at 15 o'clock, which meant that bond prices plummeted.</p><p><img src=\"https://static.tigerbbs.com/9a5d6b0298e45ef4de5481d621262293\" tg-width=\"989\" tg-height=\"658\" referrerpolicy=\"no-referrer\"></p><p>In the U.S. stock market these days, the three major stock indexes have been rising steadily. Only Chinese concept stocks have passed a miserable round. Education stocks and the Internet will not be mentioned, but even new energy sources that represent the direction of the industry have fallen undecently.</p><p><img src=\"https://static.tigerbbs.com/d35ae05da66d8b6916823e4acd12a612\" tg-width=\"711\" tg-height=\"512\" referrerpolicy=\"no-referrer\"></p><p>Hong Kong stocks and A-shares fell sharply, stocks, bonds and exchanges stepped on two feet together, Chinese concept stocks were collectively abandoned, and Hong Kong Stock Connect has been in a state of net outflows for several consecutive days. Although there is no specific data support, if these signs are strung together, There is a high probability that foreign capital is smashing the market, or even maliciously shorting.</p><p><img src=\"https://static.tigerbbs.com/805add633a6620a2fabee1c966d2ed74\" tg-width=\"997\" tg-height=\"717\" referrerpolicy=\"no-referrer\"></p><p>We have no intention of using \"conspiracy theories\" to blame foreign capital for this plunge, but history also keeps telling us that the behavior of foreign capital, especially American capital, in this regard is really difficult for people to believe that it is just simple arbitrage. American capital has to bear important responsibilities for the financial crises in Southeast Asia and Hong Kong in 1997 and the economic crises in emerging countries in 2018.</p><p>Nowadays, in the context of the increasingly fierce game between China and the United States, Americans can be called experts among experts in this respect by using their best financial means to interfere with their opponents and achieve the dual goals of politics and economy. As for the technique, it is also very simple.<b>First, the inflow will raise the asset price, and then the market will be crazily smashed, and short through other derivatives, so as to finally realize the profit in the short term and make a lot of money from the crash.</b>What's more, this time it's China's own policy that is negative, and the opportunity is rare.</p><p>After the market closed yesterday, some media blamed the sharp drop in stocks, bonds and exchange rates on the running of foreign capital.</p><p><img src=\"https://static.tigerbbs.com/da54687cbfb1c5c9159cd6914c02e869\" tg-width=\"829\" tg-height=\"382\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ae782165293c8450b64ce4517fb305fc\" tg-width=\"556\" tg-height=\"799\" referrerpolicy=\"no-referrer\"></p><p>Some people may question that foreign capital in and out of Hong Kong stocks is relatively free, and they can be unscrupulous. However, the net outflow of Hong Kong Stock Connect in the past few days, that is, the scale of 20 billion, is only a few drops of water compared with the volume of tens of trillions of A shares. How much spray can this stir up?</p><p>Don't forget that many domestic institutions and retail investors have believed in foreign capital as a benchmark for operation, and following the pace of foreign capital has also become the belief of many people. The operation of foreign capital is only tens of billions, but the following trend caused by this can be tens of billions or even hundreds of billions.</p><p>In addition, the channels for foreign investment in A-shares are not only Shanghai-Shenzhen-Hong Kong Stock Connect, but also QFII. Currently, foreign investors hold 3.36 trillion yuan of A-shares, of which only 1.45 trillion yuan of northbound funds come in through Shanghai-Shenzhen-Hong Kong Stock Connect, and the other nearly 2 trillion yuan come in through other channels such as QFII. If these funds participate in the smashing of the market at the same time, it will not only be a scale of 20 billion, and the damage caused will be even greater. More importantly, QFII operation data will not be released until the end of the quarter. In other words, even if they smash the market, it will be difficult for investors to get information immediately. If they follow the trend foolishly, they will only become \"accomplices\" of foreign capital.</p><p>Besides, QFII belongs to domestic funds, and its supervision is relatively strong. It is not as free to enter and exit as Hong Kong's, but this doesn't seem to be difficult for foreign capital, such as the sudden increase in volume in Bitcoin. Last year's surge in Bitcoin can be attributed to unusually loose liquidity, but this condition obviously does not exist now. Combined with the sharp drop in Hong Kong stocks and A shares in the past two days, do you really believe that Bitcoin's surge has nothing to do with this?</p><p><img src=\"https://static.tigerbbs.com/b93a06d0195b702bbe9535ef8e7d974d\" tg-width=\"1080\" tg-height=\"2400\" referrerpolicy=\"no-referrer\"></p><p><b>3、</b><b><b>We can't deal with foreign capital?</b></b></p><p>However, how foreign capital makes waves is a matter for foreign capital, which does not mean that we can't deal with it. The state can see clearly in this respect.</p><p>In April this year, in just one week, foreign capital flowed into A-shares by more than 40 billion yuan. The flow rate was very fast, and the amount seemed to be small, but the right to speak in A-shares was not small, and it could even affect the trend of \"public opinion\" in the market.</p><p>At that time, Fang Xinghai, vice chairman of China Securities Regulatory Commission, made malicious remarks:</p><p><b>First, the China Securities Regulatory Commission \"sees clearly\" foreign investment in A-shares.</b></p><p><b>Second, if the foreign account causes large fluctuations in the stock market, we can suspend its trading.</b></p><p>To put it bluntly, the regulatory authorities are not welcome to foreign capital who comes into A-shares to make waves and have malicious intentions, and have given a severe warning. In layman's terms, it means putting the ugly words first, and if you don't obey, you will stop trading!</p><p>If these regulatory measures are somewhat simple and rude, they will be criticized for interfering too much in the market and affecting the confidence of overseas investors, then using the \"national team\" to fight against malicious foreign capital in the market is a self-protection act that respects the rules. Especially after the thrilling \"rescue war\" in 2015, the country has rich experience in this respect.</p><p>Today, foreign capital has become a net inflow of 8 billion again, and Maotai has also soared by 3.27%, indicating that foreign capital is actually \"aware of the current affairs\", and it is not good to go against the Chinese government.</p><p><b>4、</b><b><b>What do you think of the market outlook?</b></b></p><p>After talking about foreign capital, we still return to the market outlook that everyone is more concerned about.</p><p>On today's disk, the obvious rebounds are new energy, consumption (liquor), the Internet, and even individual bank real estate. This is inevitably a bit confusing?</p><p><b>I can understand new energy. After all, it represents the global industrial revolution and a \"bright future\". However, liquor, Internet, real estate banks and others were just hammered yesterday. It was agreed that they represented the \"decadent past\". Why are they collectively rebounding today?</b></p><p>It is not ruled out that the \"national team\" will take action to stabilize the market, but when it returns to the capital market, it also has its own logic. In the long run, it must be consistent with the direction of the country and the world, but short-term fluctuations and deviations are actually normal. Because the stock price has fallen too much, someone will always buy the bottom.</p><p>To put it deeper, some companies that are not in the national industrial direction may eventually die out or become a part of daily life, such as the Internet. It is a fact that the aura of high growth has faded, so it is also a fact that the valuation and logic have been killed. However, from the state to the people, they can't do without it, just as they can't do without \"water, electricity and coal\". Therefore, the value of the Internet as infrastructure is still there. No matter how bad it is, it won't be a big mistake.</p><p>For stockholders, after caring about the future of their home and country, it's their turn to care about when to buy the bottom?</p><p>Now, it is hard to say that these stock prices, which represent the \"decadent past\", have fallen to a reasonable price, because no one knows what anti-monopoly actions the country will take in the future, and what policies to reduce fertility will be introduced. And the valuation of these stocks is not very attractive. Moutai's dynamic PE is still 46 times, which has been at a high level for most of the past ten years.</p><p><img src=\"https://static.tigerbbs.com/34629cb8aa8e8dd007b3f7e10059f328\" tg-width=\"995\" tg-height=\"613\" referrerpolicy=\"no-referrer\"></p><p>Tencent's stock price has only returned to its position in May last year, with a dynamic PE of 20 times. Whether it is high or low will not be known until the announcement of the interim report results. However, judging from the disclosed information, it is estimated that the performance will not be very optimistic.</p><p>There is also a heavy Federal Reserve interest rate meeting tonight.</p><p>If you want to buy the bottom, just wait.</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>Bargain hunting? Wait a little longer</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBargain hunting? Wait a little longer\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/3\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/5d7d04eb4f16b0013ed2c39f71b84b6c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">格隆汇投资学苑 </p>\n<p class=\"h-time smaller\">2021-07-28 20:47</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Foreign capital has experienced a two-day plunge with bad intentions, and today's market seems to be relieved.</p><p>The three major A-share indexes have shown certain signs of stabilization. The Shanghai Composite and Shenzhen Component Index only fell slightly by 0.58% and 0.05% respectively, while the ChiNext Index<a href=\"https://laohu8.com/S/300750\">Ningde era</a>It turned red under the leadership of, closing up 1.61%.</p><p>Hong Kong stocks also ushered in a rebound, with the Hang Seng Index closing up 1.35% and the Hang Seng Technology Index closing up 2.75%.</p><p>In terms of sectors and individual stocks, new energy has risen again, and consumer, pharmaceutical, and Internet companies have also rebounded to a certain extent. After a panic, the days seemed to go back to before, and music and dancing continued.</p><p><b>However, the calm on the stage can't hide the undercurrent under the stage.</b></p><p><b>1、</b><b><b>Hong Kong A-shares collectively fell</b></b></p><p>This round of sharp decline was caused by policies, especially policies aimed at off-campus education, which almost wiped out the industry. There is no way. Under the national grand strategy of encouraging childbirth, it is inevitable that anyone who runs counter to this policy will be \"pulled and closed\". Education stocks on Hong Kong stocks and US stocks, even if they are delisted, don't think it's strange.</p><p>But the strange thing is that this time it is not just education stocks, but the entire market has been brought down. Since last Friday, the Hang Seng Index has fallen by nearly 10% in the past three trading days; The single-day drop over the past two days has been more than 1,000 points. From the K-line chart, it can be called a \"diving\" market.</p><p><img src=\"https://static.tigerbbs.com/aea44e8f9c2a90108b703d571a831add\" tg-width=\"989\" tg-height=\"658\" referrerpolicy=\"no-referrer\"></p><p>This kind of falling \"landscape\" appeared in 2019 and 2020, but corresponding to the macro environment at that time, the first time was because the first draft of the Sino-US Trade Negotiation Agreement was overturned, and the second time was because Trump imposed tariffs on the remaining 300 billion US dollars of Chinese imports, and the US-China trade war expanded. In 2020, it was caused by the outbreak of the novel coronavirus pneumonia and the global stock market crash.</p><p>This time, there is neither a trade war nor a major disaster. Although the macro economy is under pressure, it is generally stable. The policy is negative one after another, which is explained to a certain extent as \"there are 10 birds on the tree, one is shot, and the others are all scared away\".<b>But such a panic selling, in the absence of extreme natural and man-made disasters, can it only be attributed to capital panic?</b></p><p>Others blame it on the fall of the Hang Seng Technology Index. In the past three trading days, the decline was as high as 16.6%. Yesterday, it once fell by more than 10% in intraday trading, directly falling below the point when it was established.</p><p><img src=\"https://static.tigerbbs.com/4aec5d86c06cb9f7d868fa93265db1a1\" tg-width=\"991\" tg-height=\"653\" referrerpolicy=\"no-referrer\"></p><p>It is true that the Hang Seng Technology Index is where Internet giants gather together, and these giants are also heavyweights of the Hang Seng Index. This year, the country's anti-monopoly on the Internet has been rising one after another, and the stock prices of giants have generally fallen by more than 40%. Especially in the past three trading days, the stock king<a href=\"https://laohu8.com/S/00700\">Tencent</a>With a drop of nearly 19%, the Hang Seng Technology Index and even the Hang Seng Index can't escape bad luck.</p><p>But this is not the first time that anti-monopoly has happened. The market has been digested for half a year. Why do you have to wait until this time to concentrate on fleeing?</p><p>Looking at A-shares, the situation is very similar. They have fallen by 5% in the past three trading days. This short-term sharp decline can only be compared with the trade war in 2018, the novel coronavirus pneumonia in 2020, and the big correction in February this year.</p><p><img src=\"https://static.tigerbbs.com/476d2dfe6bfbb0e1348082bb3e68a869\" tg-width=\"991\" tg-height=\"650\" referrerpolicy=\"no-referrer\"></p><p>A-share benchmark-<a href=\"https://laohu8.com/S/600519\">Kweichow Moutai</a>, the stock price dropped from a high of 2,006 yuan last Wednesday to 1,712 yuan in 4 trading days, a drop of 13%. This sharp drop only happened when the performance at the end of October 2018 was less than expected, and the major correction in February this year, even in It did not happen when the COVID-19 pandemic broke out last year.</p><p>Have Maotai's fundamentals changed? No, no.</p><p>Has there been a significant impact on Maotai's operations? No, either.</p><p>Starting from the national strategy, high-profit industries should serve more for fertility, the country's scientific and technological innovation, and the realization of the overall goal of socialism. There is no doubt about this. It also explains the reason for Maotai's sharp drop, but it is always attributed to macro factors. It seems difficult to say the past, so we might as well go back to the most direct influencing factor of stock prices--<b>Market transactions</b>。</p><p>Since the opening of Hong Kong Stock Connect, Kweichow Moutai has become the favorite of foreign investors to invest in A shares, and of course it has also become the best target to observe the trend of foreign capital. Every abnormality in Moutai's stock price can capture information from the inflow and outflow of foreign capital. For example, five trading days before and after the \"218\" correction, foreign investors sold 1.28 million shares of Maotai, with a net selling amount of 22.4 billion; Another example is that on May 25, Moutai rose 6% in a single day, and foreign investors bought a net 1.42 million shares, with a net purchase amount of 4.5 billion.</p><p>We found that the net sales of Kweichow Moutai by foreign capital in recent days have been very large, with a total of 810,000 shares sold and a net outflow of 10.3 billion. What signal is this?</p><p><b>2、</b><b><b>Stocks, bonds and exchanges have fallen, and foreign investors are smashing the market?</b></b></p><p>On the other hand, in late A-share trading yesterday, there was a wave of abnormal fluctuations in stocks, foreign exchange bonds. At about 3 pm, the exchange rate of RMB against the US dollar depreciated intensively, reaching 0.5%, which is already very large in the exchange rate market.</p><p><img src=\"https://static.tigerbbs.com/8d4595c9fbbb94c8f63e69ffa0d80de4\" tg-width=\"994\" tg-height=\"655\" referrerpolicy=\"no-referrer\"></p><p>The FTSE China A50 Index not only rubbed sharply in late trading, A-shares fell 2.8% at the close, but also experienced a wave of diving after the close, falling another 3% within half an hour, equivalent to the biggest drop of 5.8% on the day.</p><p><img src=\"https://static.tigerbbs.com/3bb9fa0ef44baba21c43dfc676d62f06\" tg-width=\"714\" tg-height=\"716\" referrerpolicy=\"no-referrer\"></p><p>In the bond market, a concentrated decline began at 15 o'clock. The Chinese 10-year Treasury Bond began to see a wave of yield rise at 15 o'clock, which meant that bond prices plummeted.</p><p><img src=\"https://static.tigerbbs.com/9a5d6b0298e45ef4de5481d621262293\" tg-width=\"989\" tg-height=\"658\" referrerpolicy=\"no-referrer\"></p><p>In the U.S. stock market these days, the three major stock indexes have been rising steadily. Only Chinese concept stocks have passed a miserable round. Education stocks and the Internet will not be mentioned, but even new energy sources that represent the direction of the industry have fallen undecently.</p><p><img src=\"https://static.tigerbbs.com/d35ae05da66d8b6916823e4acd12a612\" tg-width=\"711\" tg-height=\"512\" referrerpolicy=\"no-referrer\"></p><p>Hong Kong stocks and A-shares fell sharply, stocks, bonds and exchanges stepped on two feet together, Chinese concept stocks were collectively abandoned, and Hong Kong Stock Connect has been in a state of net outflows for several consecutive days. Although there is no specific data support, if these signs are strung together, There is a high probability that foreign capital is smashing the market, or even maliciously shorting.</p><p><img src=\"https://static.tigerbbs.com/805add633a6620a2fabee1c966d2ed74\" tg-width=\"997\" tg-height=\"717\" referrerpolicy=\"no-referrer\"></p><p>We have no intention of using \"conspiracy theories\" to blame foreign capital for this plunge, but history also keeps telling us that the behavior of foreign capital, especially American capital, in this regard is really difficult for people to believe that it is just simple arbitrage. American capital has to bear important responsibilities for the financial crises in Southeast Asia and Hong Kong in 1997 and the economic crises in emerging countries in 2018.</p><p>Nowadays, in the context of the increasingly fierce game between China and the United States, Americans can be called experts among experts in this respect by using their best financial means to interfere with their opponents and achieve the dual goals of politics and economy. As for the technique, it is also very simple.<b>First, the inflow will raise the asset price, and then the market will be crazily smashed, and short through other derivatives, so as to finally realize the profit in the short term and make a lot of money from the crash.</b>What's more, this time it's China's own policy that is negative, and the opportunity is rare.</p><p>After the market closed yesterday, some media blamed the sharp drop in stocks, bonds and exchange rates on the running of foreign capital.</p><p><img src=\"https://static.tigerbbs.com/da54687cbfb1c5c9159cd6914c02e869\" tg-width=\"829\" tg-height=\"382\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/ae782165293c8450b64ce4517fb305fc\" tg-width=\"556\" tg-height=\"799\" referrerpolicy=\"no-referrer\"></p><p>Some people may question that foreign capital in and out of Hong Kong stocks is relatively free, and they can be unscrupulous. However, the net outflow of Hong Kong Stock Connect in the past few days, that is, the scale of 20 billion, is only a few drops of water compared with the volume of tens of trillions of A shares. How much spray can this stir up?</p><p>Don't forget that many domestic institutions and retail investors have believed in foreign capital as a benchmark for operation, and following the pace of foreign capital has also become the belief of many people. The operation of foreign capital is only tens of billions, but the following trend caused by this can be tens of billions or even hundreds of billions.</p><p>In addition, the channels for foreign investment in A-shares are not only Shanghai-Shenzhen-Hong Kong Stock Connect, but also QFII. Currently, foreign investors hold 3.36 trillion yuan of A-shares, of which only 1.45 trillion yuan of northbound funds come in through Shanghai-Shenzhen-Hong Kong Stock Connect, and the other nearly 2 trillion yuan come in through other channels such as QFII. If these funds participate in the smashing of the market at the same time, it will not only be a scale of 20 billion, and the damage caused will be even greater. More importantly, QFII operation data will not be released until the end of the quarter. In other words, even if they smash the market, it will be difficult for investors to get information immediately. If they follow the trend foolishly, they will only become \"accomplices\" of foreign capital.</p><p>Besides, QFII belongs to domestic funds, and its supervision is relatively strong. It is not as free to enter and exit as Hong Kong's, but this doesn't seem to be difficult for foreign capital, such as the sudden increase in volume in Bitcoin. Last year's surge in Bitcoin can be attributed to unusually loose liquidity, but this condition obviously does not exist now. Combined with the sharp drop in Hong Kong stocks and A shares in the past two days, do you really believe that Bitcoin's surge has nothing to do with this?</p><p><img src=\"https://static.tigerbbs.com/b93a06d0195b702bbe9535ef8e7d974d\" tg-width=\"1080\" tg-height=\"2400\" referrerpolicy=\"no-referrer\"></p><p><b>3、</b><b><b>We can't deal with foreign capital?</b></b></p><p>However, how foreign capital makes waves is a matter for foreign capital, which does not mean that we can't deal with it. The state can see clearly in this respect.</p><p>In April this year, in just one week, foreign capital flowed into A-shares by more than 40 billion yuan. The flow rate was very fast, and the amount seemed to be small, but the right to speak in A-shares was not small, and it could even affect the trend of \"public opinion\" in the market.</p><p>At that time, Fang Xinghai, vice chairman of China Securities Regulatory Commission, made malicious remarks:</p><p><b>First, the China Securities Regulatory Commission \"sees clearly\" foreign investment in A-shares.</b></p><p><b>Second, if the foreign account causes large fluctuations in the stock market, we can suspend its trading.</b></p><p>To put it bluntly, the regulatory authorities are not welcome to foreign capital who comes into A-shares to make waves and have malicious intentions, and have given a severe warning. In layman's terms, it means putting the ugly words first, and if you don't obey, you will stop trading!</p><p>If these regulatory measures are somewhat simple and rude, they will be criticized for interfering too much in the market and affecting the confidence of overseas investors, then using the \"national team\" to fight against malicious foreign capital in the market is a self-protection act that respects the rules. Especially after the thrilling \"rescue war\" in 2015, the country has rich experience in this respect.</p><p>Today, foreign capital has become a net inflow of 8 billion again, and Maotai has also soared by 3.27%, indicating that foreign capital is actually \"aware of the current affairs\", and it is not good to go against the Chinese government.</p><p><b>4、</b><b><b>What do you think of the market outlook?</b></b></p><p>After talking about foreign capital, we still return to the market outlook that everyone is more concerned about.</p><p>On today's disk, the obvious rebounds are new energy, consumption (liquor), the Internet, and even individual bank real estate. This is inevitably a bit confusing?</p><p><b>I can understand new energy. After all, it represents the global industrial revolution and a \"bright future\". However, liquor, Internet, real estate banks and others were just hammered yesterday. It was agreed that they represented the \"decadent past\". Why are they collectively rebounding today?</b></p><p>It is not ruled out that the \"national team\" will take action to stabilize the market, but when it returns to the capital market, it also has its own logic. In the long run, it must be consistent with the direction of the country and the world, but short-term fluctuations and deviations are actually normal. Because the stock price has fallen too much, someone will always buy the bottom.</p><p>To put it deeper, some companies that are not in the national industrial direction may eventually die out or become a part of daily life, such as the Internet. It is a fact that the aura of high growth has faded, so it is also a fact that the valuation and logic have been killed. However, from the state to the people, they can't do without it, just as they can't do without \"water, electricity and coal\". Therefore, the value of the Internet as infrastructure is still there. No matter how bad it is, it won't be a big mistake.</p><p>For stockholders, after caring about the future of their home and country, it's their turn to care about when to buy the bottom?</p><p>Now, it is hard to say that these stock prices, which represent the \"decadent past\", have fallen to a reasonable price, because no one knows what anti-monopoly actions the country will take in the future, and what policies to reduce fertility will be introduced. And the valuation of these stocks is not very attractive. Moutai's dynamic PE is still 46 times, which has been at a high level for most of the past ten years.</p><p><img src=\"https://static.tigerbbs.com/34629cb8aa8e8dd007b3f7e10059f328\" tg-width=\"995\" tg-height=\"613\" referrerpolicy=\"no-referrer\"></p><p>Tencent's stock price has only returned to its position in May last year, with a dynamic PE of 20 times. Whether it is high or low will not be known until the announcement of the interim report results. However, judging from the disclosed information, it is estimated that the performance will not be very optimistic.</p><p>There is also a heavy Federal Reserve interest rate meeting tonight.</p><p>If you want to buy the bottom, just wait.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fd680cd945fd32917c8ece66ec685e5f","relate_stocks":{"399001":"深证成指","399006":"创业板指","HSI":"恒生指数","000001.SH":"上证指数","HSTECH":"恒生科技指数"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1187015717","content_text":"外资不怀好意\n\n经历了两天的暴跌，今天的市场貌似松了一口气。\nA股三大指数有了一定的企稳迹象，上证和深成指只是分别微跌0.58%、0.05%，创业板指数则在宁德时代的带领下翻红，收涨1.61%。\n港股也迎来反弹，恒指收涨1.35%，恒生科技指数收涨2.75%。\n板块和个股上，新能源又涨了，消费、医药、互联网公司也有了一定的反弹。一阵惊慌之后，日子又似乎回到之前，接着奏乐接着舞。\n但是，台面上的平静，并不能掩饰台底下的暗流涌动。\n1、港A股集体沦陷\n此轮大跌，政策是诱因，特别是针对校外教育的政策，几乎把行业团灭。没办法，在国家鼓励生育的大战略底下，但凡和这个政策背道而驰的，被“拉人封铺”那是必然的，港股、美股上的教育股，即使退市都不要觉得有啥奇怪。\n但奇怪的是，这次不单单是教育股，而是整个市场都被带崩了。从上周五开始，过去的三个交易日，恒生指数跌幅近10%；过去两天的单日跌幅都超过1000点。从K线图上看，堪称“跳水”行情。\n\n这种坠落的“景观”，在2019、2020年都出现过，但对应当时的宏观环境，第一次是因为中美贸易谈判协初稿被推翻，第二次是特朗普对余下的3000亿美元中国进口货物加征关税，美对中贸易战扩大，2020年那次则是新冠肺炎爆发，全球股市大崩盘所致。\n这一次，既没有贸易战，也没有重大灾难，宏观经济虽然有压力，但总体上还算稳得住。政策上是接连利空，一定程度上解释为“树上有10只鸟，开枪毙了一只，其他的全吓跑了”，但如此恐慌性地抛售，在没有极端的天灾人祸面前，能仅仅归咎于资金恐慌吗？\n也有人将其归咎为恒生科技指数的坠落。过去三个交易日跌幅高达16.6%，昨日盘中一度跌幅超过10%，直接跌破成立时的点位。\n\n诚然，恒生科技指数是互联网巨头扎堆的地方，这些巨头同时也是恒生指数的权重股。今年国家对于互联网的反垄断一浪高过一浪，巨头们股价的跌幅普遍已经高达40%以上，尤其是过去三个交易日，股王腾讯跌幅近19%，恒生科技指数甚至恒生指数都难逃厄运。\n但反垄断这个事不是第一次发生，市场已经消化了大半年，为何要等到此时才集中出逃？\n再看看A股，情况也很类似，过去三个交易日大跌5%，这种短时间的急跌，只有2018年打贸易战，2020年新冠肺炎，以及今年2月的大回调，能够相提并论。\n\nA股的标杆-贵州茅台，股价从上周三的高位2006元，4个交易日被干到1712元，跌幅13%，这种急跌只有2018年10月底业绩不及预期，以及今年2月份大回调时才发生过，即使在去年新冠疫情爆发时都没有出现过。\n茅台的基本面变了吗？没有。\n茅台经营出现重大影响了吗？也没有。\n从国家的战略出发，高利润的行业要更多地为生育、为国家的科技创新、为实现社会主义总目标服务，这个没有疑问，也解释了茅台大跌的原因，但总是归咎于宏观因素，似乎也很难说过去，那我们不妨回到股价最直接的影响因素--市场交易。\n自开放港股通以来，贵州茅台已经成为外资投资A股的最爱，当然也成为观察外资动向的最佳标的，茅台股价的每一次异常，都能够从外资的流进流出中捕捉到信息。例如“218”大回调前后5个交易日，外资净卖出茅台128万股，净卖出金额224亿；又如5月25日，茅台单日大涨6%，外资净买入142万股，净买入金额45亿。\n我们发现，外资这几天的净卖出贵州茅台非常大，共抛售81万股，净流出金额103亿，这又是什么信号？\n2、股债汇下跌，外资在砸盘？\n另一面，昨天A股尾盘，有过一波股汇债的异常波动。下午3点左右，人民币对美元的汇率一波集中贬值，幅度达到了0.5%，这在汇率市场来说，幅度已经很大。\n\n富时中国A50指数不仅在尾盘急搓，A股收盘时跌2.8%，收盘后还出现一波跳水，半个小时内再跌3%，等于当天的最大跌幅达到5.8%。\n\n债券市场方面，15点开始出现一波集中的下跌。中国10年期国债，在15点开始出现一波收益率拉升，这意味着债券价格出现急跌。\n\n这几天的美股市场，三大股指是节节攀升，只有中概股，一轮惨过一轮，教育股、互联网就不说了，但连代表了产业方向的新能源都跌得不像样。\n\n港股、A股急跌，股债汇一起来踩上两脚，中概股被集体抛弃，港股通连续数天都是净流出状态，尽管没有再具体的数据支持，但如果把这些迹象串起来，大概率就是外资在砸盘，甚至是恶意做空。\n\n我们无意用“阴谋论”，把此次暴跌的责任都推给外资，但历史也不断告诉我们，外资特别是美资在这方面的行为，确实很难让人相信他只是简单的套利，97年东南亚、香港金融危机，2018年新兴国家的经济危机，美国资本都得负上重要责任。\n时下，中美博弈越演越烈的大环境下，动用自己最擅长的金融手段干扰对手，并从中达到政治和经济的双重目的，美国人在这方面堪称专家中的专家。至于手法，也很简单，先大肆流入，拉升资产价格，然后再疯狂砸盘，并透过其他的衍生工具做空，最终达到短期内利润变现，并从崩盘中再捞一大笔的目的。何况，这次是中国自己出的政策利空，机会难得。\n昨日收盘后，便有媒体将股债汇大跌归咎于外资的跑路。\n\n或许有人质疑，港股外资进出比较自由，他们可以肆无忌惮，但港股通这几天的净流出，也就是两百亿的规模，相比A股数十万亿的体量，只是几滴水花，这能激起多大的浪花？\n不要忘记，有不少国内的机构和散户，已经将外资信奉为操作标杆，跟随外资的步伐也成为不少人的信仰，外资的操作只是百亿规模，但是由此引发的跟风，可以是百亿甚至千亿规模。\n另外，外资投资A股的渠道，并不单单只是沪深港通一个渠道，还有QFII，当前外资持有A股3.36万亿元，其中通过沪深港通渠道进来的北向资金是只有1.45万亿元，其他近2万亿元，是通过QFII等其他渠道进来的。如果这些资金同时参与砸盘，那就不是仅仅两百亿的规模了，造成的损伤，会更大。更重要的是，QFII操作数据要等到季度末才公布，换句话说，即使它们砸盘，投资者也很难即时获得信息，傻乎乎地跟风，只会成为外资的“帮凶”。\n再说，QFII属于在境内的资金，对它的监管也比较强，进出没有香港那么自由，但这点似乎也难不倒外资，比如比特币的突然放量大涨。去年比特币的大涨可以归结于流动性异常宽松，但现在明显不存在这个条件，再结合这两天港股A股的大跌，你真的相信比特币的大涨和这没关系？\n\n3、我们对付不了外资？\n不过，外资如何兴风作浪，那是外资的事，不代表我们对付不了它，国家在这方面是看得清楚的。\n今年4月，短短一周时间，外资大幅流入A股超过400亿，流速非常快，看似量不大，但对于A股话语权可不小，甚至可以影响市场场内“舆论”走向。\n当时，证监会副主席方星海就放出过狠话：\n第一，对于外资进入A股投资，证监会“是看得清楚的”。\n第二，外资账户如果造成股市大幅波动，我们可以暂停它交易。\n说白了，监管层对于进来A股兴风作浪、不怀好意的外资是不欢迎的，并给予了严厉警告。通俗地讲，就是先把丑话说到前头，不听话就停你交易！\n如果说这些监管手段多少有点简单粗暴，会被人诟病为对市场干预过多，影响海外投资者的信心，那动用“国家队”在市场中和不怀好意的外资进行厮杀，就是尊重规则的自我保护行为。尤其是经历了2015年那场惊心动魄的“救市战”，国家在这方面已经经验丰富。\n今天，外资又重新变为净流入80亿，茅台也大涨3.27%，说明外资其实还是“识时务”的，跟中国政府对着干，没好处。\n4、后市如何看？\n说完外资，还是回归到大家比较关心的后市。\n今天的盘面上，反弹比较明显的是新能源、消费（白酒）、互联网，甚至不乏个别银行地产，这就难免有点困惑？\n新能源我可以理解，毕竟代表的是全球的产业革命，是“光明的未来”，但白酒互联网地产银行这些，昨天刚刚被重锤，说好了是代表“腐朽的过去”，怎么今天又集体反弹了啊？\n不排除“国家队”出手稳定市场，但回归到资本市场，它也有自己的逻辑，长线上看，肯定是跟国家，跟全球的前进方向一致，但是短期的波动和背离，其实也很正常，因为股价跌得太多，总有人会去抄底。\n往深层说，一些不是国家产业方向的公司，最终可能会消亡，也可能成为日常生活的一部分，例如互联网，褪去高增长的光环是事实，因此而造成杀估值、杀逻辑也是事实，但上至国家，下至百姓，都离不开它，就像离不开“水电煤”一样，所以互联网作为基础设施的价值还是在的，再不济，用公共事业股给它们估值，也不会犯大错误。\n对于股民，关心完家国前程，轮到关心何时抄底了？\n现在，很难说这些代表“腐朽过去”的股价已经跌到合理价位，因为后续国家还有什么反垄断动作，还有什么减少生育的政策出台，没有人知道。而这些股票的估值，也没有很吸引人，茅台的动态PE还有46倍，在过去十年绝大部分时间内，都是高位。\n\n腾讯股价也只是回到去年5月份的位置，动态PE20倍，高还是低，需要等到中报业绩公布后才能见分晓，不过从披露出来的信息看，估计业绩也不会很乐观。\n今晚还有重磅的美联储议息会议。\n想抄底，再等等吧。","news_type":1,"symbols_score_info":{"399001":0.9,"399006":0.9,"HSI":0.9,"000001.SH":0.9,"HSTECH":0.9}},"isVote":1,"tweetType":1,"viewCount":354,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144851520,"gmtCreate":1626276285660,"gmtModify":1703757019153,"author":{"id":"3581939067431343","authorId":"3581939067431343","name":"山那边的英英子","avatar":"https://static.tigerbbs.com/8c8a7304c7112e9c83de3d44c85ec252","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581939067431343","idStr":"3581939067431343"},"themes":[],"htmlText":"b","listText":"b","text":"b","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/144851520","repostId":"2151518791","repostType":4,"repost":{"id":"2151518791","kind":"highlight","pubTimestamp":1626274133,"share":"https://ttm.financial/m/news/2151518791?lang=en_US&edition=fundamental","pubTime":"2021-07-14 22:48","market":"us","language":"zh","title":"Sohu's stock price soared nearly 28% in one day. How beneficial is selling Sogou?","url":"https://stock-news.laohu8.com/highlight/detail?id=2151518791","media":"金十数据","summary":"欢迎大家在评论区畅所欲言，下一个回答的可能就是你提出的问题哦~","content":"<p><img src=\"https://static.tigerbbs.com/80daf88bcce84d6560fdf0317d84886f\" tg-width=\"750\" tg-height=\"4148\" referrerpolicy=\"no-referrer\"></p><p>Everyone is welcome to speak freely in the comment area. The next answer may be your question ~</p>","source":"jssj","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sohu's stock price soared nearly 28% in one day. How beneficial is selling Sogou?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSohu's stock price soared nearly 28% in one day. How beneficial is selling Sogou?\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">金十数据</strong><span class=\"h-time small\">2021-07-14 22:48</span>\n</p>\n</h4>\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/80daf88bcce84d6560fdf0317d84886f\" tg-width=\"750\" tg-height=\"4148\" referrerpolicy=\"no-referrer\"></p><p>Everyone is welcome to speak freely in the comment area. The next answer may be your question ~</p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://xnews.jin10.com/webapp/details.html?id=77759&type=news\">金十数据</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/17b22fd7984ee2ca1d9e1fb2c08e970f","relate_stocks":{"SOGO":"搜狗","SOHU":"搜狐"},"source_url":"https://xnews.jin10.com/webapp/details.html?id=77759&type=news","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2151518791","content_text":"欢迎大家在评论区畅所欲言，下一个回答的可能就是你提出的问题哦~","news_type":1,"symbols_score_info":{"SOGO":0.9,"SOHU":0.9}},"isVote":1,"tweetType":1,"viewCount":288,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
