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2021-06-30

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2021-07-01

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Last Night This Morning: S&P Hits New High! Didi's debut saw a surge before falling back.

2021-06-29

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It is rumored that iPhone 13 parts have arrived, and the release date should be earlier than the iPhone 12.

2021-06-11

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Learning from history: the deduction and impact of soaring US inflation

2021-06-11

Tiger is here

Learning from history: the deduction and impact of soaring US inflation

2021-06-11

Tiger is here

One chart to understand Didi's prospectus: Spread across 15 countries, averaging 41 million orders per day.

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07:41","market":"sh","language":"zh","title":"Last Night This Morning: S&P Hits New High! Didi's debut saw a surge before falling back.","url":"https://stock-news.laohu8.com/highlight/detail?id=1133219370","media":"老虎资讯综合","summary":"摘要：美股周三收盘涨跌不一，标普指数再创收盘历史新高；美国原油库存6连降推动美油收涨0.7％！上半年累计飙升逾51％；滴滴赴美上市，筹资44亿美元，开盘价为18美元，与每股14美元的IPO发行价相比上","content":"<p>Abstract: U.S. stocks closed mixed on Wednesday, with the S&P 500 hitting a new all-time closing high; U.S. crude oil inventories fell for the sixth consecutive day, pushing U.S. crude oil prices up 0.7%! It surged by over 51% cumulatively in the first half of the year; Didi went public in the United States, raising $4.4 billion at an opening price of $18, a nearly 29% increase compared to its IPO price of $14 per share. Overseas markets</p><p>1. Closing: All three major US stock indexes rose by more than 12% in the first half of the year.</p><p>U.S. stocks closed mixed on Wednesday, with the S&P 500 hitting a new all-time closing high. All three major stock indices rose by more than 12% in the first half of the year. The market is evaluating the June ADP employment data and the May second-hand home sales contract report, and is awaiting more economic data on the labor market, such as non-farm payrolls. The Dow Jones Industrial Average closed up 210.22 points, or 0.61%, at 34,502.51. The Nasdaq fell 24.38 points, or 0.17%, to 14,503.95. The S&P 500 rose 5.70 points, or 0.13%, to 4,297.50.</p><p>Didi closed up 1.4%. The company has set its US IPO price at the top of the guidance range of $14 per ADS, which is the upper limit of the offering price range of $13-14, which means the company is valued at more than $67 billion.<a href=\"https://laohu8.com/S/DDL\">ding-dong</a>Grocery purchases closed significantly higher. Yesterday's initial listing price rose slightly by 0.09%, but briefly fell below its issue price during the session.<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>The Hong Kong IPO offering price has been set at HK$165 per share, and trading will begin on July 7.</p><p>2. Popular Chinese concept stocks closed mixed on Wednesday, with Didi rising more than 20% at one point during trading.</p><p>Popular Chinese concept stocks closed mixed on Wednesday. Didi, the first Chinese-listed ride-hailing company, officially listed on the New York Stock Exchange, rose by more than 20% at one point before finally closing up 1%. Pop Culture, China's first hip-hop stock, officially listed on Nasdaq, triggering circuit breakers multiple times during trading, ultimately closing up 405%.<a href=\"https://laohu8.com/S/DDL\">ding-dong</a>Maicai rose nearly 63% on its second day of trading, and at one point surged nearly 100% during the session.</p><p>Full Truck Alliance rose over 26%, and Ruixing Pink Sheet rose over 22%.<a href=\"https://laohu8.com/S/MTC\">Haichuan Securities</a>Up more than 11%,<a href=\"https://laohu8.com/S/WEI\">Weidai.com</a>It rose more than 10%.<a href=\"https://laohu8.com/S/LAIX\">Fluent Theory</a>Up more than 9%,<a href=\"https://laohu8.com/S/EZGO\">Easy Electricity</a>It rose more than 7%.<a href=\"https://laohu8.com/S/CNET\">China Network Line</a>It rose more than 4%.<a href=\"https://laohu8.com/S/ZH\">Zhihu</a>、<a href=\"https://laohu8.com/S/VIOT\">Viomi Technology</a>It rose more than 3%.<a href=\"https://laohu8.com/S/CMCM\">Cheetah Movement</a>Renren Inc. rose over 2%, and Weibo rose over 1%.<a href=\"https://laohu8.com/S/MF\">Missfresh</a>The market closed flat.</p><p>3. European stocks closed slightly lower on Wednesday, while the pan-European Stoxx 600 index rose more than 13% in the first half of this year.</p><p>European stock markets rose strongly in the first half of 2021, but fell slightly on Wednesday (June 30), the last trading day of the second quarter, as investors continued to worry about the COVID-19 pandemic and rising inflation.</p><p>The pan-European Stoxx 600 index closed down 3.53 points, or 0.77%, at 452.84. However, the stock index has still risen by more than 13% year-to-date; Andy Haldane, chief economist at the Bank of England, said he was “uneasy” about the Bank of England’s nearly £1 trillion balance sheet. The data shows that the (British) economy is changing rapidly. UK inflation is expected to approach 4% instead of 3% by the end of the year, posing the biggest challenge to policymakers since the collapse of the pound in 1992.</p><p>4. U.S. crude oil inventories fell for the sixth consecutive day, pushing U.S. crude oil prices up 0.7%! The cumulative increase in the first half of the year surged by over 51%.</p><p>U.S. WIT futures rose 0.7% to settle at $73.47 a barrel, up 24.2% in the second quarter and more than 51% in the first half of the year. International Brent crude oil prices rose 0.5% to settle at $74.62 a barrel, up 18.2% in the second quarter and 45% in the first half of the year.</p><p>5. Gold prices closed up 0.5%, but fell more than 7% in June! It marked the largest monthly drop in eight years.</p><p>Gold futures rose 0.5% to settle at $1,771.60 an ounce, but fell more than 7% in June, marking their biggest monthly drop in eight years, as the dollar rose more than 2% this month.</p><p>International macro</p><p>1. Federal Reserve's Kaplan stated that the market knows tapering is imminent, it's just a matter of when.</p><p>Robert Kaplan, president of the Federal Reserve Bank of Dallas, said that tapering the central bank's asset purchases should be \"gradual,\" and he reiterated his view that it would be prudent to start the process sooner rather than later.</p><p>2. Faced with high valuations and the prospect of deleveraging, Wall Street warns that the best days for corporate bonds may be over.</p><p>High valuations and the prospect of the Federal Reserve gradually tapering its stimulus measures have led a growing number of analysts and investors to warn that the best days of the corporate bond market may be over.</p><p>The reopening of the economy, strong corporate earnings, and unprecedented support from the Federal Reserve helped push the risk premium for high-grade and high-yield bonds to its lowest level in more than a decade in the first half of the year. With discussions on scaling down looming and the prospect of a gradual recovery in U.S. Treasury Bond yields, many on Wall Street are warning that it is time for credit investors to take defensive measures.</p><p>3. Atlanta Fed President: The United States will need some time to reach its employment targets.</p><p>Atlanta Federal Reserve Bank President Raphael Bostic said that while the U.S. has “virtually fully recovered” from the pandemic in terms of GDP, employment “will take some time to return,” and is now about 9 to 10 million jobs below the pre-pandemic trend.</p><p>4. Bubble Bursts: US Timber Prices Plunge Over 40% in June, Marking the Largest Monthly Drop on Record</p><p>The huge timber bubble of 2021 has burst.</p><p>With increased supply, cooling speculative trading activity, and slowing demand for residential construction, timber prices have fallen sharply compared to the spring. Timber futures fell 42% in June alone, marking the worst month since 1978. The construction commodity has fallen by more than 13% so far this year, marking its first decline since the first half of 2015.</p><p>Timber prices peaked on May 7, reaching a record high of $1,670.50 per thousand board feet, more than six times higher than their low point in April 2020.</p><p>5. Federal Reserve reverse repurchase demand rose to nearly $1 trillion at the end of the quarter, a record high.</p><p>Market demand for a key tool used by the Federal Reserve to help control short-term interest rates has surged to nearly $1 trillion, a record high.</p><p>Data from the New York Federal Reserve shows that 90 participants deposited a total of $992 billion with the Fed through overnight reverse repos on Wednesday, breaking the previous record high of $841.2 billion set on Tuesday. The number of counterparties was the highest since 2016, and the increase in trading volume was the largest since June 17.</p><p>6、<a href=\"https://laohu8.com/S/UBS\">UBS</a>The Eurozone economic growth forecast for 2021 has been raised from 4.3% to 5.1%.</p><p>In a report to clients, economists such as Reinhard Cluse wrote that easing pandemic restrictions would lead to a “stronger” Eurozone economic rebound in the second and third quarters than previously expected. The economic contraction in the first quarter was less severe than expected, and fiscal support was stronger than expected; The 2022 growth forecast remains at 5.3%.</p><p><a href=\"https://laohu8.com/S/UBS\">UBS</a>The economy is expected to reach its pre-pandemic size in the fourth quarter of 2021, a quarter earlier than previously anticipated.</p><p>7、<a href=\"https://laohu8.com/NW/2148843618\" target=\"_blank\">The upcoming important OPEC+ meeting may have a crucial impact on oil prices.</a></p><p>OPEC and its allies are preparing for a meeting that could be crucial for oil prices, while discussions on whether to continue increasing production continue.</p><p>A familiar dynamic emerged in the organization's initial discussions ahead of its decision on output policy for August and beyond on Thursday. On the one hand, Russia and Kazakhstan have proposed increasing supply. On the other hand, Saudi Arabia and its Arab allies in the Gulf discussed a more cautious approach.</p><p>8. Federal Reserve Governor Waller joins the ranks of policymakers who support prioritizing the reduction of MBS purchases.</p><p>Federal Reserve officials who favor prioritizing the reduction of mortgage-backed securities (MBS) when they begin tapering asset purchases have received a response from Governor Christopher Waller.</p><p>Federal Reserve officials have begun discussing when and how to slow the plan to purchase $80 billion in U.S. Treasury Bond and $40 billion in MBS per month, which are aimed at helping the economy recover from the COVID-19 pandemic. Waller stated that due to the strong recovery of the U.S. economy, the timing of the tapering may be earlier than officials expected at the end of 2020, perhaps before the end of the year.</p><p>Company News</p><p>1、<a href=\"https://laohu8.com/NW/1145558758\" target=\"_blank\">Didi goes public in the US, raising $4.4 billion! Wall Street: Looking forward to the next chapter of growth</a></p><p>Didi's IPO took place in 2014.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>This is the largest IPO by a Chinese company in the United States since the group went public in the US, raising $25 billion.</p><p>Didi sold 316.8 million American Depositary Shares (ADSs) at an IPO price of $14 per share, up from the previously planned 288 million. This would value Didi at approximately $73 billion on a fully diluted basis and $67.5 billion on an undiluted basis.</p><p>DIDI's stock has been listed on the New York Stock Exchange under the ticker symbol \"DIDI,\" opening at $18, up nearly 29% from its IPO price of $14 per share.</p><p>2、<a href=\"https://laohu8.com/NW/1112995170\" target=\"_blank\">Luckin Coffee's stock price surged nearly 30% in the pink sheet market. In 2019, it reported revenue of 3 billion yuan and a loss of 3.16 billion yuan.</a></p><p>Wednesday afternoon,<a href=\"https://laohu8.com/S/LUCKIN\">Luckin Coffee</a>The stock price surged nearly 30% in the pink sheet market after previously released financial reports showed revenue of 1.0499 billion yuan in the fourth quarter of 2019, a year-on-year increase of 125.6%. The company reported a net loss of 1.1285 billion yuan, compared to a net loss of 669 million yuan in the fourth quarter of 2018.</p><p>On June 30,<a href=\"https://laohu8.com/S/LK\">Luckin Coffee</a>(China) Co., Ltd. (hereinafter referred to as \"the Company\") has reissued its audited 2019 annual financial report. The statement said that, in accordance with the disclosure requirements of the U.S. Securities and Exchange Commission, the company will continue to actively fulfill its disclosure obligations, release its 2020 annual financial report as soon as possible, and gradually resume its normal financial report disclosure schedule. The statement also showed that as of the end of June this year, Luckin Coffee had more than 5,200 stores nationwide, with a cumulative consumer base exceeding 75 million, and its raw coconut series sold more than 10 million cups in a single month.</p><p>3、<a href=\"https://laohu8.com/NW/2148848730\" target=\"_blank\">Pop Culture, China's first hip-hop stock, surged 405% on its first day of trading on Nasdaq.</a></p><p>Xiamen Pupu Culture, China's first hip-hop stock, opened at $12.26 on its first day of IPO in the United States, compared to the previously announced IPO price of $6.00 per ADS. The gains subsequently widened, closing up 405% at $30.30. Pupu Culture announced earlier Wednesday the pricing of its initial public offering, issuing 6,200,000 Class A common shares at $6 per share. The company's Class A common stock has been approved for trading on the Nasdaq Global Market and is expected to begin public trading on Nasdaq on June 30, 2021, Eastern Time, under the ticker symbol \"CPOP\".</p><p>4、<a href=\"https://laohu8.com/NW/2148177168\" target=\"_blank\">Dingdong Maicai surged by nearly 100% at one point. Netizens commented: Are American retail investors mistaking the Dingdong code for Didi?</a></p><p>Unexpectedly, vegetable-selling stocks listed in the United States experienced a dramatic reversal. In<a href=\"https://laohu8.com/S/MF\">Missfresh</a>After its IPO price fell below its issue price, Dingdong Maicai significantly reduced its financing amount. It briefly fell below its issue price on the day of listing. Fortunately, it rose slightly at the close, but unexpectedly, on the evening of the 30th, it made a dramatic reversal, surging by nearly 100% at one point, during which time it experienced two circuit breakers!</p><p>On June 30, the day after Dingdong Maicai's listing, its stock price surged to 43%, triggering a circuit breaker to suspend trading. Subsequently, Dingdong Maicai resumed trading and continued to expand its gains, reaching a rise of 77.72% to $41.80, triggering a circuit breaker twice before resuming trading. The stock price once surged 94%, and the market capitalization once surpassed $10 billion!</p><p>5、<a href=\"https://laohu8.com/NW/2148810005\" target=\"_blank\">Amazon fiercely retaliates: The new FTC chairman should not participate in the antitrust investigation against us!</a></p><p>Lina Khan, the newly appointed head of the U.S. Federal Trade Commission, is considered an antitrust fighter, having repeatedly published articles stating...<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>It violated anti-monopoly laws and should be spun off. Amazon said this would expose the antitrust investigation against the company to an unfair trial and hoped Khan would not participate in the investigation. Analysis indicates that this is a critical moment for Amazon and the FTC.</p><p>E-commerce giant Amazon filed a 25-page motion with the U.S. Federal Trade Commission (FTC) on Wednesday, June 30, requesting that the FTC's new Democratic chairwoman, Lina Khan, recuse herself from the regulator's antitrust investigation into Amazon.</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>Last Night This Morning: S&P Hits New High! Didi's debut saw a surge before falling back.</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\">\nLast Night This Morning: S&P Hits New High! Didi's debut saw a surge before falling back.\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\">2021-07-01 07:41</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Abstract: U.S. stocks closed mixed on Wednesday, with the S&P 500 hitting a new all-time closing high; U.S. crude oil inventories fell for the sixth consecutive day, pushing U.S. crude oil prices up 0.7%! It surged by over 51% cumulatively in the first half of the year; Didi went public in the United States, raising $4.4 billion at an opening price of $18, a nearly 29% increase compared to its IPO price of $14 per share. Overseas markets</p><p>1. Closing: All three major US stock indexes rose by more than 12% in the first half of the year.</p><p>U.S. stocks closed mixed on Wednesday, with the S&P 500 hitting a new all-time closing high. All three major stock indices rose by more than 12% in the first half of the year. The market is evaluating the June ADP employment data and the May second-hand home sales contract report, and is awaiting more economic data on the labor market, such as non-farm payrolls. The Dow Jones Industrial Average closed up 210.22 points, or 0.61%, at 34,502.51. The Nasdaq fell 24.38 points, or 0.17%, to 14,503.95. The S&P 500 rose 5.70 points, or 0.13%, to 4,297.50.</p><p>Didi closed up 1.4%. The company has set its US IPO price at the top of the guidance range of $14 per ADS, which is the upper limit of the offering price range of $13-14, which means the company is valued at more than $67 billion.<a href=\"https://laohu8.com/S/DDL\">ding-dong</a>Grocery purchases closed significantly higher. Yesterday's initial listing price rose slightly by 0.09%, but briefly fell below its issue price during the session.<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>The Hong Kong IPO offering price has been set at HK$165 per share, and trading will begin on July 7.</p><p>2. Popular Chinese concept stocks closed mixed on Wednesday, with Didi rising more than 20% at one point during trading.</p><p>Popular Chinese concept stocks closed mixed on Wednesday. Didi, the first Chinese-listed ride-hailing company, officially listed on the New York Stock Exchange, rose by more than 20% at one point before finally closing up 1%. Pop Culture, China's first hip-hop stock, officially listed on Nasdaq, triggering circuit breakers multiple times during trading, ultimately closing up 405%.<a href=\"https://laohu8.com/S/DDL\">ding-dong</a>Maicai rose nearly 63% on its second day of trading, and at one point surged nearly 100% during the session.</p><p>Full Truck Alliance rose over 26%, and Ruixing Pink Sheet rose over 22%.<a href=\"https://laohu8.com/S/MTC\">Haichuan Securities</a>Up more than 11%,<a href=\"https://laohu8.com/S/WEI\">Weidai.com</a>It rose more than 10%.<a href=\"https://laohu8.com/S/LAIX\">Fluent Theory</a>Up more than 9%,<a href=\"https://laohu8.com/S/EZGO\">Easy Electricity</a>It rose more than 7%.<a href=\"https://laohu8.com/S/CNET\">China Network Line</a>It rose more than 4%.<a href=\"https://laohu8.com/S/ZH\">Zhihu</a>、<a href=\"https://laohu8.com/S/VIOT\">Viomi Technology</a>It rose more than 3%.<a href=\"https://laohu8.com/S/CMCM\">Cheetah Movement</a>Renren Inc. rose over 2%, and Weibo rose over 1%.<a href=\"https://laohu8.com/S/MF\">Missfresh</a>The market closed flat.</p><p>3. European stocks closed slightly lower on Wednesday, while the pan-European Stoxx 600 index rose more than 13% in the first half of this year.</p><p>European stock markets rose strongly in the first half of 2021, but fell slightly on Wednesday (June 30), the last trading day of the second quarter, as investors continued to worry about the COVID-19 pandemic and rising inflation.</p><p>The pan-European Stoxx 600 index closed down 3.53 points, or 0.77%, at 452.84. However, the stock index has still risen by more than 13% year-to-date; Andy Haldane, chief economist at the Bank of England, said he was “uneasy” about the Bank of England’s nearly £1 trillion balance sheet. The data shows that the (British) economy is changing rapidly. UK inflation is expected to approach 4% instead of 3% by the end of the year, posing the biggest challenge to policymakers since the collapse of the pound in 1992.</p><p>4. U.S. crude oil inventories fell for the sixth consecutive day, pushing U.S. crude oil prices up 0.7%! The cumulative increase in the first half of the year surged by over 51%.</p><p>U.S. WIT futures rose 0.7% to settle at $73.47 a barrel, up 24.2% in the second quarter and more than 51% in the first half of the year. International Brent crude oil prices rose 0.5% to settle at $74.62 a barrel, up 18.2% in the second quarter and 45% in the first half of the year.</p><p>5. Gold prices closed up 0.5%, but fell more than 7% in June! It marked the largest monthly drop in eight years.</p><p>Gold futures rose 0.5% to settle at $1,771.60 an ounce, but fell more than 7% in June, marking their biggest monthly drop in eight years, as the dollar rose more than 2% this month.</p><p>International macro</p><p>1. Federal Reserve's Kaplan stated that the market knows tapering is imminent, it's just a matter of when.</p><p>Robert Kaplan, president of the Federal Reserve Bank of Dallas, said that tapering the central bank's asset purchases should be \"gradual,\" and he reiterated his view that it would be prudent to start the process sooner rather than later.</p><p>2. Faced with high valuations and the prospect of deleveraging, Wall Street warns that the best days for corporate bonds may be over.</p><p>High valuations and the prospect of the Federal Reserve gradually tapering its stimulus measures have led a growing number of analysts and investors to warn that the best days of the corporate bond market may be over.</p><p>The reopening of the economy, strong corporate earnings, and unprecedented support from the Federal Reserve helped push the risk premium for high-grade and high-yield bonds to its lowest level in more than a decade in the first half of the year. With discussions on scaling down looming and the prospect of a gradual recovery in U.S. Treasury Bond yields, many on Wall Street are warning that it is time for credit investors to take defensive measures.</p><p>3. Atlanta Fed President: The United States will need some time to reach its employment targets.</p><p>Atlanta Federal Reserve Bank President Raphael Bostic said that while the U.S. has “virtually fully recovered” from the pandemic in terms of GDP, employment “will take some time to return,” and is now about 9 to 10 million jobs below the pre-pandemic trend.</p><p>4. Bubble Bursts: US Timber Prices Plunge Over 40% in June, Marking the Largest Monthly Drop on Record</p><p>The huge timber bubble of 2021 has burst.</p><p>With increased supply, cooling speculative trading activity, and slowing demand for residential construction, timber prices have fallen sharply compared to the spring. Timber futures fell 42% in June alone, marking the worst month since 1978. The construction commodity has fallen by more than 13% so far this year, marking its first decline since the first half of 2015.</p><p>Timber prices peaked on May 7, reaching a record high of $1,670.50 per thousand board feet, more than six times higher than their low point in April 2020.</p><p>5. Federal Reserve reverse repurchase demand rose to nearly $1 trillion at the end of the quarter, a record high.</p><p>Market demand for a key tool used by the Federal Reserve to help control short-term interest rates has surged to nearly $1 trillion, a record high.</p><p>Data from the New York Federal Reserve shows that 90 participants deposited a total of $992 billion with the Fed through overnight reverse repos on Wednesday, breaking the previous record high of $841.2 billion set on Tuesday. The number of counterparties was the highest since 2016, and the increase in trading volume was the largest since June 17.</p><p>6、<a href=\"https://laohu8.com/S/UBS\">UBS</a>The Eurozone economic growth forecast for 2021 has been raised from 4.3% to 5.1%.</p><p>In a report to clients, economists such as Reinhard Cluse wrote that easing pandemic restrictions would lead to a “stronger” Eurozone economic rebound in the second and third quarters than previously expected. The economic contraction in the first quarter was less severe than expected, and fiscal support was stronger than expected; The 2022 growth forecast remains at 5.3%.</p><p><a href=\"https://laohu8.com/S/UBS\">UBS</a>The economy is expected to reach its pre-pandemic size in the fourth quarter of 2021, a quarter earlier than previously anticipated.</p><p>7、<a href=\"https://laohu8.com/NW/2148843618\" target=\"_blank\">The upcoming important OPEC+ meeting may have a crucial impact on oil prices.</a></p><p>OPEC and its allies are preparing for a meeting that could be crucial for oil prices, while discussions on whether to continue increasing production continue.</p><p>A familiar dynamic emerged in the organization's initial discussions ahead of its decision on output policy for August and beyond on Thursday. On the one hand, Russia and Kazakhstan have proposed increasing supply. On the other hand, Saudi Arabia and its Arab allies in the Gulf discussed a more cautious approach.</p><p>8. Federal Reserve Governor Waller joins the ranks of policymakers who support prioritizing the reduction of MBS purchases.</p><p>Federal Reserve officials who favor prioritizing the reduction of mortgage-backed securities (MBS) when they begin tapering asset purchases have received a response from Governor Christopher Waller.</p><p>Federal Reserve officials have begun discussing when and how to slow the plan to purchase $80 billion in U.S. Treasury Bond and $40 billion in MBS per month, which are aimed at helping the economy recover from the COVID-19 pandemic. Waller stated that due to the strong recovery of the U.S. economy, the timing of the tapering may be earlier than officials expected at the end of 2020, perhaps before the end of the year.</p><p>Company News</p><p>1、<a href=\"https://laohu8.com/NW/1145558758\" target=\"_blank\">Didi goes public in the US, raising $4.4 billion! Wall Street: Looking forward to the next chapter of growth</a></p><p>Didi's IPO took place in 2014.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>This is the largest IPO by a Chinese company in the United States since the group went public in the US, raising $25 billion.</p><p>Didi sold 316.8 million American Depositary Shares (ADSs) at an IPO price of $14 per share, up from the previously planned 288 million. This would value Didi at approximately $73 billion on a fully diluted basis and $67.5 billion on an undiluted basis.</p><p>DIDI's stock has been listed on the New York Stock Exchange under the ticker symbol \"DIDI,\" opening at $18, up nearly 29% from its IPO price of $14 per share.</p><p>2、<a href=\"https://laohu8.com/NW/1112995170\" target=\"_blank\">Luckin Coffee's stock price surged nearly 30% in the pink sheet market. In 2019, it reported revenue of 3 billion yuan and a loss of 3.16 billion yuan.</a></p><p>Wednesday afternoon,<a href=\"https://laohu8.com/S/LUCKIN\">Luckin Coffee</a>The stock price surged nearly 30% in the pink sheet market after previously released financial reports showed revenue of 1.0499 billion yuan in the fourth quarter of 2019, a year-on-year increase of 125.6%. The company reported a net loss of 1.1285 billion yuan, compared to a net loss of 669 million yuan in the fourth quarter of 2018.</p><p>On June 30,<a href=\"https://laohu8.com/S/LK\">Luckin Coffee</a>(China) Co., Ltd. (hereinafter referred to as \"the Company\") has reissued its audited 2019 annual financial report. The statement said that, in accordance with the disclosure requirements of the U.S. Securities and Exchange Commission, the company will continue to actively fulfill its disclosure obligations, release its 2020 annual financial report as soon as possible, and gradually resume its normal financial report disclosure schedule. The statement also showed that as of the end of June this year, Luckin Coffee had more than 5,200 stores nationwide, with a cumulative consumer base exceeding 75 million, and its raw coconut series sold more than 10 million cups in a single month.</p><p>3、<a href=\"https://laohu8.com/NW/2148848730\" target=\"_blank\">Pop Culture, China's first hip-hop stock, surged 405% on its first day of trading on Nasdaq.</a></p><p>Xiamen Pupu Culture, China's first hip-hop stock, opened at $12.26 on its first day of IPO in the United States, compared to the previously announced IPO price of $6.00 per ADS. The gains subsequently widened, closing up 405% at $30.30. Pupu Culture announced earlier Wednesday the pricing of its initial public offering, issuing 6,200,000 Class A common shares at $6 per share. The company's Class A common stock has been approved for trading on the Nasdaq Global Market and is expected to begin public trading on Nasdaq on June 30, 2021, Eastern Time, under the ticker symbol \"CPOP\".</p><p>4、<a href=\"https://laohu8.com/NW/2148177168\" target=\"_blank\">Dingdong Maicai surged by nearly 100% at one point. Netizens commented: Are American retail investors mistaking the Dingdong code for Didi?</a></p><p>Unexpectedly, vegetable-selling stocks listed in the United States experienced a dramatic reversal. In<a href=\"https://laohu8.com/S/MF\">Missfresh</a>After its IPO price fell below its issue price, Dingdong Maicai significantly reduced its financing amount. It briefly fell below its issue price on the day of listing. Fortunately, it rose slightly at the close, but unexpectedly, on the evening of the 30th, it made a dramatic reversal, surging by nearly 100% at one point, during which time it experienced two circuit breakers!</p><p>On June 30, the day after Dingdong Maicai's listing, its stock price surged to 43%, triggering a circuit breaker to suspend trading. Subsequently, Dingdong Maicai resumed trading and continued to expand its gains, reaching a rise of 77.72% to $41.80, triggering a circuit breaker twice before resuming trading. The stock price once surged 94%, and the market capitalization once surpassed $10 billion!</p><p>5、<a href=\"https://laohu8.com/NW/2148810005\" target=\"_blank\">Amazon fiercely retaliates: The new FTC chairman should not participate in the antitrust investigation against us!</a></p><p>Lina Khan, the newly appointed head of the U.S. Federal Trade Commission, is considered an antitrust fighter, having repeatedly published articles stating...<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>It violated anti-monopoly laws and should be spun off. Amazon said this would expose the antitrust investigation against the company to an unfair trial and hoped Khan would not participate in the investigation. Analysis indicates that this is a critical moment for Amazon and the FTC.</p><p>E-commerce giant Amazon filed a 25-page motion with the U.S. Federal Trade Commission (FTC) on Wednesday, June 30, requesting that the FTC's new Democratic chairwoman, Lina Khan, recuse herself from the regulator's antitrust investigation into Amazon.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b23574aac95526c9e5c62ebc8dd25130","relate_stocks":{"USO":"美国原油ETF","SCO":"二倍做空彭博原油指数ETF","DUG":"二倍做空石油与天然气ETF(ProShares)","DDG":"ProShares做空石油与天然气ETF","UCO":"二倍做多彭博原油ETF","DWT":"三倍做空原油ETN"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133219370","content_text":"摘要：美股周三收盘涨跌不一，标普指数再创收盘历史新高；美国原油库存6连降推动美油收涨0.7％！上半年累计飙升逾51％；滴滴赴美上市，筹资44亿美元，开盘价为18美元，与每股14美元的IPO发行价相比上涨近29%。\n\n海外市场\n1、收盘：上半年美股三大股指涨幅均超12%\n美股周三收盘涨跌不一，标普指数再创收盘历史新高。三大股指上半年涨幅均超过12%。市场正在评估6月ADP就业数据与5月二手房销售签约报告，并等待非农就业等更多有关劳动力市场的经济数据。道指收盘上涨210.22点，或0.61%，报34502.51点；纳指跌24.38点，或0.17%，报14503.95点；标普500指数涨5.70点，或0.13%，报4297.50点。\n滴滴收高1.4%。该公司确定将美股IPO价格定在指导区间顶部14美元/ADS，位于13-14美元的发行区间价格上限，这意味着公司估值超过670亿美元。叮咚买菜大幅收高。昨日首挂微涨0.09%，盘中一度破发。小鹏汽车港股IPO发售价确定为每股165港元，7月7日开始交易。\n2、热门中概股周三收盘涨跌不一 滴滴盘中一度涨超20%\n热门中概股周三收盘涨跌不一，中概网约车第一股滴滴正式在纽交所上市，盘中涨幅一度超过20%，最终收涨1%；中国嘻哈第一股普普文化正式登陆纳斯达克，盘中多次触发熔断，最终收盘飙升405%；叮咚买菜上市次日涨近63%，盘中一度大涨近100%。\n满帮涨超26%，瑞兴粉单涨超22%，海川证券涨超11%，微贷网涨超10%，流利说涨超9%，易电行涨超7%，中网载线涨超4%，知乎、云米科技涨超3%，猎豹移动、人人公司涨超2%，微博涨超1%，每日优鲜收盘持平。\n3、欧股周三收盘小幅下跌 泛欧斯托克600指数今年上半年涨超13%\n欧洲股市在2021年上半年强劲上涨，但在第二季度最后一个交易日，即周三（6月30日）小幅下跌，原因投资者是对新冠疫情和通胀上升的持续担忧。\n泛欧斯托克600指数收盘下跌3.53点，跌幅0.77%，报452.84点。不过，该股指今年迄今仍累计涨超13%；英国央行首席经济学家Andy Haldane表示，对英国央行近1万亿英镑的资产负债表感到“不安”。数据表明（英国）经济正在迅速变化。预计年末英国通胀率可能接近4%（而非3%），给决策者带来1992年英镑崩盘以来的最大挑战。\n4、美国原油库存6连降推动美油收涨0.7％！上半年累计飙升逾51％\n美国WIT期货价格上涨0.7%，报收于每桶73.47美元，第二季度累涨24.2%，上半年累涨逾51%；国际布伦特油价上涨0.5%，报收于每桶74.62美元，第二季度累涨18.2%，上半年累涨45%。\n5、金价收涨0.5％，但6月累计大跌逾7％！创8年以来最大单月跌幅\n黄金期货价格上涨0.5%，报收于每盎司1771.60美元，但6月累跌逾7%，创8年以来最大单月跌幅，因美元汇率本月累涨2%以上。\n国际宏观\n1、美联储卡普兰称市场知道减码即将到来，只是何时的问题\n达拉斯联邦储备银行行长卡普兰（Robert Kaplan）表示，缩减央行资产购买规模应该是“逐步进行的”，他还重申了启动这个进程宜早不宜迟将是审慎之举的观点。\n2、面对高昂估值和减码前景 华尔街警告企业债最好日子或已过去\n高昂估值和美联储逐步缩减刺激措施的前景让越来越多分析师和投资者发出警告：企业债市场最好的日子可能已经过去。\n经济重开、强劲的公司盈利和前所未有的美联储支持，帮助将高等级和高收益债券的风险溢价在上半年推至十多年来最低水平。随着减码讨论的即将到来，以及美国国债收益率逐步回升的前景，华尔街许多人士警告称，信贷投资者是时候采取防御措施了。\n3、亚特兰大联储行长：美国需要一些时间才能达到就业目标\n亚特兰大联储银行行长博斯蒂克(Raphael Bostic)说，虽然从国内生产总值意义上美国已从疫情中“实际上完全恢复过来”，但就业“需要一些时间才能回去”，现在比疫情前趋势低约900万到1000万个就业岗位。\n4、泡沫破裂：美木材价格6月份暴跌逾40% 创有记录以来最大单月跌幅\n2021年巨大的木材泡沫已经破灭。\n随着供应增加、投机交易活动降温和住宅建筑需求的放缓，木材价格已较春季时大幅回落。木材期货仅在6月份就下跌了42%，创下1978年以来最糟糕的一个月。该建筑商品今年迄今下跌超过13%，为2015年上半年以来首次下跌。\n木材价格在5月7日达到顶峰，创下每千板英尺1670.50美元的历史新高，比2020年4月时的低点高出六倍多。\n5、美联储逆回购需求量在季末升至近1万亿美元 创纪录新高\n市场对美联储用来帮助控制短期利率的一项关键工具的需求规模飙升至近1万亿美元，创纪录新高。\n纽约联储数据显示，90家参与者周三通过隔夜逆回购工具向美联储存放了总计9920亿美元资金，刷新周二创下的8412亿美元前纪录高位。交易对手数量为2016年以来最多，成交量增幅为6月17日以来最大。\n6、瑞银将欧元区2021年经济增长预期从4.3%上调至5.1%\nReinhard Cluse等经济学家在给客户的报告中写道，放宽防疫限制会导致第二季度和第三季度欧元区经济反弹比先前预期的“强一些”；第一季度的经济萎缩没有预期严重，财政支持强于预期；2022年增长预测保持在5.3%。\n瑞银预计经济将在2021年第四季度达到疫情前规模，比此前预期早一个季度。\n7、OPEC+重要会议在即 或将对油价产生关键影响\nOPEC及其盟国正准备召开一场可能对油价至关重要的会议，而关于是否继续增产的讨论仍在继续。\n在周四对8月及以后的产出政策做出决定之前，该组织在初步讨论中出现了一种熟悉的动态。一方面，俄罗斯和哈萨克斯坦提出增加供应。另一方面，沙特阿拉伯及其海湾的阿拉伯盟友讨论了更谨慎的做法。\n8、美联储理事Waller加入支持优先缩减MBS购买的决策官员行列\n倾向于在开始缩减资产购买时优先减码抵押贷款支持证券（MBS）的美联储官员们获得了理事Christopher Waller的响应。\n美联储官员已经开始讨论何时以及如何放缓每月购买800亿美元美国国债和400亿美元MBS的计划，这些计划旨在帮助经济从新冠疫情中恢复。Waller表示，由于美国经济强劲复苏，减码时机可能比官员们在2020年底的预期要早，或许会在年底之前开始。\n公司新闻\n1、滴滴赴美上市，筹资44亿美元！华尔街：期待下一个增长篇章\n滴滴IPO是自2014年阿里巴巴集团赴美上市筹集250亿美元资金以来，中国公司在美国规模最大的一次IPO交易。\n滴滴以每股14美元的IPO价格出售了3.168亿股美国存托股票（ADS），高于此前计划的2.88亿股，这将使滴滴在完全稀释的基础上估值约为730亿美元，在非稀释的基础上估值为675亿美元。\n滴滴的股票已经以“DIDI”为代码在纽约证券交易所挂牌交易，开盘价为18美元，与每股14美元的IPO发行价相比上涨近29%。\n2、瑞幸股价在粉单市场暴涨近30％，2019年营收30亿元、亏损31.6亿\n周三午盘，瑞幸咖啡股价在粉单市场暴涨近30%，此前公布的财报显示，2019年四季度营收10.499亿元，同比增长125.6%；净亏损11.285亿元，相比之下2018年四季度净亏损6.69亿元。\n6月30日，瑞幸咖啡 (中国) 有限公司（以下简称“公司”）补发了经审计的2019年年度财务报告。声明称，根据美国证监会的披露要求，公司将持续积极履行披露义务，尽快发布2020年年度财务报告，并逐渐恢复至正常财报披露进度。声明还显示，截至今年6月底，瑞幸全国门店数已超过5200家，累计消费用户已突破7500万，生椰系列单月销量超1000万杯。\n3、中国嘻哈第一股普普文化登录纳斯达克 首日收盘大幅飙405％\n中国嘻哈第一股厦门普普文化美国IPO首日开盘报12.26美元，此前给出的IPO发行价为每份ADS 6.00美元。随后涨幅进一步扩大，截至收盘上涨405%，报30.3美元。普普文化周三稍早宣布其首次公开发行定价，以每股6美元价格发行6,200,000股A类普通股。公司的A类普通股已获准在纳斯达克全球市场交易，并预计于美国东部时间2021年6月30日在纳斯达克开始公开交易，股票代码为“CPOP”。\n4、叮咚买菜一度暴涨近100% 网友：美国散户把叮咚代码当成了滴滴？\n万万没想到，在美国上市的卖菜股迎来大逆转。在每日优鲜上市破发后，叮咚买菜大幅缩小融资额，上市当天一度破发，所幸收盘的时候微涨，但没想到30日晚间，来了一个惊天逆转，一度暴涨近100%，期间经历了两次熔断！\n6月30日，叮咚买菜上市次日，其涨幅扩大至43%，触发熔断暂停交易。随后，叮咚买菜恢复交易继续扩大涨幅，涨幅达到77.72%，报41.8美元，二度触发熔断，随后继续交易。股价一度暴涨94%，市值一度站上100亿美元！\n5、亚马逊硬气反击：FTC新任主席不应参与对我们的反垄断调查！\n美国联邦贸易委员会新任一把手Lina Khan堪称反垄断斗士，屡次发文称亚马逊违反了反垄断法且应被分拆。亚马逊称这会令针对公司的反垄断调查面临不公审判，希望Khan不要参与调查。分析指出，目前正值亚马逊和FTC的关键时刻。\n电商巨头亚马逊在6月30日周三向美国联邦贸易委员会（FTC）提交了一份长达25页的动议，申请让FTC新任民主党主席Lina Khan回避该监管机构对亚马逊的反垄断调查。","news_type":1,"symbols_score_info":{"DUG":0.9,"DWT":0.9,"UCO":0.9,"SCO":0.9,"UWTIF":0.9,"CLmain":0.9,"ESmain":0.9,"QMmain":0.9,"DDG":0.9,"USO":0.9,"DWTIF":0.9,"BZmain":0.9}},"isVote":1,"tweetType":1,"viewCount":5071,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153372807,"gmtCreate":1625011909509,"gmtModify":1703849972542,"author":{"id":"3583906472464545","authorId":"3583906472464545","name":"靖焜","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583906472464545","authorIdStr":"3583906472464545"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/153372807","repostId":"1189717489","repostType":4,"isVote":1,"tweetType":1,"viewCount":5875,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150745961,"gmtCreate":1624929265853,"gmtModify":1703848119284,"author":{"id":"3583906472464545","authorId":"3583906472464545","name":"靖焜","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583906472464545","authorIdStr":"3583906472464545"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150745961","repostId":"2146831497","repostType":4,"repost":{"id":"2146831497","kind":"news","pubTimestamp":1624922634,"share":"https://ttm.financial/m/news/2146831497?lang=en_US&edition=fundamental","pubTime":"2021-06-29 07:23","market":"hk","language":"zh","title":"It is rumored that iPhone 13 parts have arrived, and the release date should be earlier than the iPhone 12.","url":"https://stock-news.laohu8.com/highlight/detail?id=2146831497","media":"新浪科技","summary":"IPhone13 Pro的3D渲染图曝光新浪科技讯 北京时间6月28日晚间消息，据报道，苹果公司用于组装新一代iPhone手机的部分零部件已经到货，这意味着iPhone 13的上市日期将略早于iPhone 12。苹果通常在每年的夏初开始接受组装iPhone所需的零部件，今年也不例外。今日，来自供应链厂商的消息称，iPhone 13的无源元件已经到货。疫情推迟了2020年的iPhone发布，但iPhone 13的生产似乎已恢复正常。这意味着iPhone 13将于今年9月发布，9月底或10初上市。","content":"<p><img src=\"https://static.tigerbbs.com/93a469f6bd34fd2928201987c7fdd5e3\" tg-width=\"1080\" tg-height=\"1920\" referrerpolicy=\"no-referrer\">3D rendering of iPhone 13 Pro exposed</p><p><a href=\"https://laohu8.com/S/SINA\">Sina</a>Technology News, Beijing time, June 28th evening news: According to reports,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Some of the components used by the company to assemble the next-generation iPhone (tentatively known as the \"iPhone 13\") have arrived, which means that the iPhone 13 will be released slightly earlier than the iPhone 12.</p><p>Apple usually begins accepting parts needed to assemble iPhones in early summer each year, and this year is no exception. Today, news from supply chain manufacturers indicates that the passive components for the iPhone 13 have arrived. Passive components mainly refer to resistive, inductive, and capacitive components, which can operate when there is a signal in a circuit without the need for a power supply.</p><p>Cyntec is a major supplier of iPhone power chokes. According to sources, driven by Apple orders, Qiankun Technology's revenue is expected to grow by more than 25% year-on-year in the second quarter of this year. In the first quarter, the company's revenue increased by 30% year-on-year.</p><p>All indications suggest that Apple's supply chain and production processes have recovered from the COVID-19 pandemic in 2020. The pandemic delayed the 2020 iPhone release, but iPhone 13 production appears to have returned to normal. This means that the iPhone 13 will be released in September this year, with a launch date of late September or early October.</p><p>According to previous media reports, analysts generally expect that, like the iPhone 12, the iPhone 13 will also have four models: the iPhone 13 mini, iPhone 13, iPhone 13 Pro, and iPhone 13 Pro Max.</p><p>In terms of design, the iPhone 13 is expected to inherit the ID style of the iPhone 12 series. The mid-frame will still adopt a right-angled design, but the front screen will undergo the biggest change in four years, adopting a brand-new \"small notch\" design. The changes on the back mainly come from the camera module, with the rear dual cameras being arranged diagonally from vertical.</p><p>Research firm DigiTimes Research predicts that global smartphone shipments will reach 1.32 billion units in 2021, a year-on-year increase of 6.4%. Among them, 5G phones will account for 500 million to 530 million units, representing a year-on-year increase of 70% to 80%.</p>","source":"sina_symbol","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>It is rumored that iPhone 13 parts have arrived, and the release date should be earlier than the iPhone 12.</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\">\nIt is rumored that iPhone 13 parts have arrived, and the release date should be earlier than the iPhone 12.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪科技</strong><span class=\"h-time small\">2021-06-29 07:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/93a469f6bd34fd2928201987c7fdd5e3\" tg-width=\"1080\" tg-height=\"1920\" referrerpolicy=\"no-referrer\">3D rendering of iPhone 13 Pro exposed</p><p><a href=\"https://laohu8.com/S/SINA\">Sina</a>Technology News, Beijing time, June 28th evening news: According to reports,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Some of the components used by the company to assemble the next-generation iPhone (tentatively known as the \"iPhone 13\") have arrived, which means that the iPhone 13 will be released slightly earlier than the iPhone 12.</p><p>Apple usually begins accepting parts needed to assemble iPhones in early summer each year, and this year is no exception. Today, news from supply chain manufacturers indicates that the passive components for the iPhone 13 have arrived. Passive components mainly refer to resistive, inductive, and capacitive components, which can operate when there is a signal in a circuit without the need for a power supply.</p><p>Cyntec is a major supplier of iPhone power chokes. According to sources, driven by Apple orders, Qiankun Technology's revenue is expected to grow by more than 25% year-on-year in the second quarter of this year. In the first quarter, the company's revenue increased by 30% year-on-year.</p><p>All indications suggest that Apple's supply chain and production processes have recovered from the COVID-19 pandemic in 2020. The pandemic delayed the 2020 iPhone release, but iPhone 13 production appears to have returned to normal. This means that the iPhone 13 will be released in September this year, with a launch date of late September or early October.</p><p>According to previous media reports, analysts generally expect that, like the iPhone 12, the iPhone 13 will also have four models: the iPhone 13 mini, iPhone 13, iPhone 13 Pro, and iPhone 13 Pro Max.</p><p>In terms of design, the iPhone 13 is expected to inherit the ID style of the iPhone 12 series. The mid-frame will still adopt a right-angled design, but the front screen will undergo the biggest change in four years, adopting a brand-new \"small notch\" design. The changes on the back mainly come from the camera module, with the rear dual cameras being arranged diagonally from vertical.</p><p>Research firm DigiTimes Research predicts that global smartphone shipments will reach 1.32 billion units in 2021, a year-on-year increase of 6.4%. Among them, 5G phones will account for 500 million to 530 million units, representing a year-on-year increase of 70% to 80%.</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/tech/2021-06-28/doc-ikqciyzk2419037.shtml\">新浪科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e64b08e46b6eb1bee9b4fcb8733eb9bd","relate_stocks":{"AAPL":"苹果","09086":"华夏纳指-U","03086":"华夏纳指"},"source_url":"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/tech/2021-06-28/doc-ikqciyzk2419037.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146831497","content_text":"IPhone13 Pro的3D渲染图曝光\n新浪科技讯 北京时间6月28日晚间消息，据报道，苹果公司用于组装新一代iPhone手机（暂称“iPhone 13”）的部分零部件已经到货，这意味着iPhone 13的上市日期将略早于iPhone 12。\n苹果通常在每年的夏初开始接受组装iPhone所需的零部件，今年也不例外。今日，来自供应链厂商的消息称，iPhone 13的无源元件已经到货。无源元件主要指电阻类、电感类和电容类元件，在电路中无需加电源即可在有信号时工作。\n乾坤科技（Cyntec）是iPhone电源扼流圈的主要供应商。知情人士称，受苹果订单的推动，乾坤科技今年第二季度营收同比有望增长25%以上。第一季度，该公司营收已同比增长30%。\n种种迹象表明，苹果的供应链和生产流程已经从2020年的新冠肺炎疫情中恢复。疫情推迟了2020年的iPhone发布，但iPhone 13的生产似乎已恢复正常。这意味着iPhone 13将于今年9月发布，9月底或10初上市。\n据媒体之前的报道，分析师普遍预计，与iPhone 12一样，iPhone 13也将有4款机型，分别为iPhone 13 mini、iPhone 13、iPhone 13 Pro和iPhone 13 Pro Max。\n设计方面，预计iPhone 13将继承iPhone 12系列的ID风格，中框依然采用直角设计，但是正面屏幕迎来了4年内最大的变化，采用全新的“小刘海”方案。背面的变动主要来自于相机模组，后置双摄由竖置排列改为对角线排列。\n调研机构DigiTimes Research预计，2021年全球智能手机出货量将达到13.2亿部，同比增长6.4%。其中，5G手机将占到5亿部至5.3亿部，同比增长70%至80%。","news_type":1,"symbols_score_info":{"AAPL":0.9,"03086":0.9,"09086":0.9}},"isVote":1,"tweetType":1,"viewCount":5030,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181705573,"gmtCreate":1623410017892,"gmtModify":1704202832140,"author":{"id":"3583906472464545","authorId":"3583906472464545","name":"靖焜","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583906472464545","authorIdStr":"3583906472464545"},"themes":[],"title":"","htmlText":"Tiger is here","listText":"Tiger is here","text":"Tiger is here","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181705573","repostId":"1156453091","repostType":4,"repost":{"id":"1156453091","kind":"news","pubTimestamp":1623333482,"share":"https://ttm.financial/m/news/1156453091?lang=en_US&edition=fundamental","pubTime":"2021-06-10 21:58","market":"us","language":"zh","title":"Learning from history: the deduction and impact of soaring US inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=1156453091","media":"川阅全球宏观","summary":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：。1960年以来美国CPI同比破5%出现了4次(图1)。本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。房租价格走势对未来通胀的演绎有重要影响。","content":"<p>On June 10, 2021, Eastern Time, the U.S. Department of Labor released its May inflation data.<b>The U.S. CPI rose 5.0% year-on-year in May, and the core CPI rose 3.8% year-on-year, marking the largest increase since August 2008. Since the beginning of this year, the U.S. inflation rate has accelerated, and with the Federal Reserve's June interest rate meeting approaching, inflation concerns persist in the market.</b>We reviewed several surges in U.S. inflation throughout history to better understand this inflation and its impact:</p><p><b>Since 1960, the US CPI has exceeded 5% year-on-year four times.</b>(FIG. 1). We conducted a review on the economic fundamentals and Federal Reserve policy during the period when the CPI broke through 4%, 5%, and then declined (Table 1).</p><p><b>1968/06-1971/09</b>The economy fell into recession, but the lingering effects of previous massive government spending and fiscal stimulus remained, inflation continued to rise, and the Federal Reserve tightened monetary policy in 1970 to curb inflation.</p><p><b>1973/03-1982/11：</b>Under the dual impact of the food and oil crises, the US economy has fallen into stagflation, with supply shocks and costs pushing up inflation. Government price controls failed, and monetary policy lacked independence and was too lagging, failing to successfully curb inflation.</p><p><b>1987/08-1991/07：</b>After emerging from stagflation, the U.S. economy experienced rapid growth, but starting in 1987, the economic growth rate slowed down, and upward pressure on wages and prices emerged, prompting the Federal Reserve to tighten monetary policy.</p><p><b>2007/11-2008/09：</b>Soaring oil prices pushed up inflation, and the financial crisis broke out. The Federal Reserve's primary task in monetary policy was to rescue the market, while inflation was not its focus.</p><p><b>The causes of current inflation are quite similar to those of 1973-1982; both are cost-driven.</b></p><p><img src=\"https://static.tigerbbs.com/327f6f12c3af30abee8fa0ae334f9763\" tg-width=\"1006\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ca353ebcbaf95ba1da0b46a815d5f8b\" tg-width=\"1025\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p><p><b>The main reason for this surge in inflation is the base effect and supply shortage under the pandemic.</b>In May of this year, the US CPI recorded 5.0% (the highest level since August 2008), but<b>From the perspective of the CPI index, the compound annual growth rate in May 2021 compared to May 2019 was only 2.5%.</b></p><p><b>Regarding the performance of inflation this year, we are focusing on two sub-sectors: used cars and rents.</b></p><p><b>One of the main drivers of inflation is used cars.</b>As the COVID-19 pandemic worsens in Southeast Asia, chip manufacturers in many regions have shut down, leading to chip shortages and reduced production by automakers. The supply of new cars is insufficient, the demand for used cars has surged, and prices have soared (Figure 2). According to Manheim data, the price increase of used cars exceeded that of new cars in 2021 (Figure 3). In addition, the increase in other transportation-related prices further widened in May, with the increase in transportation service prices expanding from 5.6% in April to 11.2%, more than doubling.</p><p><img src=\"https://static.tigerbbs.com/884ed39a8682a3df05e8411f17f2105c\" tg-width=\"995\" tg-height=\"585\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/599b70f4fadb590d0d7b20254d4b1403\" tg-width=\"1080\" tg-height=\"738\" referrerpolicy=\"no-referrer\"></p><p><b>Rent price trends have a significant impact on the future development of inflation.</b>Rent accounts for a relatively high weight in the US CPI (approximately 30%). Although rent growth is relatively moderate compared to other components (up 2.2% year-on-year in May this year), the growth slope has steepened since the beginning of the year (Figure 4).<b>It is expected that rents will continue to rise moderately in the future due to supply shortages.</b>。</p><p><img src=\"https://static.tigerbbs.com/869c4f313152d3a14769097f150fb674\" tg-width=\"1021\" tg-height=\"644\" referrerpolicy=\"no-referrer\"></p><p><b>What is the expected trend of inflation?</b></p><p>From a consumer's perspective, Michigan's expected inflation rate data shows that 2<b>In May 2021, U.S. consumers' five-year inflation expectations jumped to 3.0% from 2.7% the previous month (Figure 5), but were still below the 3.5% that the Federal Reserve could tolerate.</b></p><p>From a policymaker's perspective, as mentioned in our previous report, the Federal Reserve focuses on monitoring inflation expectations, with key indicators being:<b>The Common Inflation Expectations Index (CIE), which is quarterly data, is expected to be released by the end of this month for the second quarter of 2021.</b></p><p><img src=\"https://static.tigerbbs.com/21708bec0c792eb9299eda62ba3cd077\" tg-width=\"1080\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p><p><b>How will inflation affect asset prices in the future?</b></p><p>We conducted a review on the changes in the yields of the US dollar, US stocks, and US Treasury bonds over different time periods after the CPI broke through 4% in the four major inflationary events mentioned above (Table 2):<b>Inflation has a negative impact on the US dollar and US stocks; the former is relatively lagging behind, while the latter becomes apparent within a month.</b>Interestingly, the impact of inflation on US Treasury yields is irregular. For a research framework on US Treasury yields, please refer to our previous report.</p><p><img src=\"https://static.tigerbbs.com/037d9e565ff952b13c942386e8d08506\" tg-width=\"1059\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p><p><b>Risk Warning:</b>The Federal Reserve tightened monetary policy too quickly, exacerbating geopolitical risks.</p><p><hr>Congratulations on finding the letter E! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)</p><p><img src=\"https://static.tigerbbs.com/b519142d901e1ef1ff2a2e443798687b\" tg-width=\"214\" tg-height=\"286\"></p>","source":"lsy1582083733592","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>Learning from history: the deduction and impact of soaring US inflation</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\">\nLearning from history: the deduction and impact of soaring US inflation\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">川阅全球宏观</strong><span class=\"h-time small\">2021-06-10 21:58</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On June 10, 2021, Eastern Time, the U.S. Department of Labor released its May inflation data.<b>The U.S. CPI rose 5.0% year-on-year in May, and the core CPI rose 3.8% year-on-year, marking the largest increase since August 2008. Since the beginning of this year, the U.S. inflation rate has accelerated, and with the Federal Reserve's June interest rate meeting approaching, inflation concerns persist in the market.</b>We reviewed several surges in U.S. inflation throughout history to better understand this inflation and its impact:</p><p><b>Since 1960, the US CPI has exceeded 5% year-on-year four times.</b>(FIG. 1). We conducted a review on the economic fundamentals and Federal Reserve policy during the period when the CPI broke through 4%, 5%, and then declined (Table 1).</p><p><b>1968/06-1971/09</b>The economy fell into recession, but the lingering effects of previous massive government spending and fiscal stimulus remained, inflation continued to rise, and the Federal Reserve tightened monetary policy in 1970 to curb inflation.</p><p><b>1973/03-1982/11：</b>Under the dual impact of the food and oil crises, the US economy has fallen into stagflation, with supply shocks and costs pushing up inflation. Government price controls failed, and monetary policy lacked independence and was too lagging, failing to successfully curb inflation.</p><p><b>1987/08-1991/07：</b>After emerging from stagflation, the U.S. economy experienced rapid growth, but starting in 1987, the economic growth rate slowed down, and upward pressure on wages and prices emerged, prompting the Federal Reserve to tighten monetary policy.</p><p><b>2007/11-2008/09：</b>Soaring oil prices pushed up inflation, and the financial crisis broke out. The Federal Reserve's primary task in monetary policy was to rescue the market, while inflation was not its focus.</p><p><b>The causes of current inflation are quite similar to those of 1973-1982; both are cost-driven.</b></p><p><img src=\"https://static.tigerbbs.com/327f6f12c3af30abee8fa0ae334f9763\" tg-width=\"1006\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ca353ebcbaf95ba1da0b46a815d5f8b\" tg-width=\"1025\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p><p><b>The main reason for this surge in inflation is the base effect and supply shortage under the pandemic.</b>In May of this year, the US CPI recorded 5.0% (the highest level since August 2008), but<b>From the perspective of the CPI index, the compound annual growth rate in May 2021 compared to May 2019 was only 2.5%.</b></p><p><b>Regarding the performance of inflation this year, we are focusing on two sub-sectors: used cars and rents.</b></p><p><b>One of the main drivers of inflation is used cars.</b>As the COVID-19 pandemic worsens in Southeast Asia, chip manufacturers in many regions have shut down, leading to chip shortages and reduced production by automakers. The supply of new cars is insufficient, the demand for used cars has surged, and prices have soared (Figure 2). According to Manheim data, the price increase of used cars exceeded that of new cars in 2021 (Figure 3). In addition, the increase in other transportation-related prices further widened in May, with the increase in transportation service prices expanding from 5.6% in April to 11.2%, more than doubling.</p><p><img src=\"https://static.tigerbbs.com/884ed39a8682a3df05e8411f17f2105c\" tg-width=\"995\" tg-height=\"585\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/599b70f4fadb590d0d7b20254d4b1403\" tg-width=\"1080\" tg-height=\"738\" referrerpolicy=\"no-referrer\"></p><p><b>Rent price trends have a significant impact on the future development of inflation.</b>Rent accounts for a relatively high weight in the US CPI (approximately 30%). Although rent growth is relatively moderate compared to other components (up 2.2% year-on-year in May this year), the growth slope has steepened since the beginning of the year (Figure 4).<b>It is expected that rents will continue to rise moderately in the future due to supply shortages.</b>。</p><p><img src=\"https://static.tigerbbs.com/869c4f313152d3a14769097f150fb674\" tg-width=\"1021\" tg-height=\"644\" referrerpolicy=\"no-referrer\"></p><p><b>What is the expected trend of inflation?</b></p><p>From a consumer's perspective, Michigan's expected inflation rate data shows that 2<b>In May 2021, U.S. consumers' five-year inflation expectations jumped to 3.0% from 2.7% the previous month (Figure 5), but were still below the 3.5% that the Federal Reserve could tolerate.</b></p><p>From a policymaker's perspective, as mentioned in our previous report, the Federal Reserve focuses on monitoring inflation expectations, with key indicators being:<b>The Common Inflation Expectations Index (CIE), which is quarterly data, is expected to be released by the end of this month for the second quarter of 2021.</b></p><p><img src=\"https://static.tigerbbs.com/21708bec0c792eb9299eda62ba3cd077\" tg-width=\"1080\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p><p><b>How will inflation affect asset prices in the future?</b></p><p>We conducted a review on the changes in the yields of the US dollar, US stocks, and US Treasury bonds over different time periods after the CPI broke through 4% in the four major inflationary events mentioned above (Table 2):<b>Inflation has a negative impact on the US dollar and US stocks; the former is relatively lagging behind, while the latter becomes apparent within a month.</b>Interestingly, the impact of inflation on US Treasury yields is irregular. For a research framework on US Treasury yields, please refer to our previous report.</p><p><img src=\"https://static.tigerbbs.com/037d9e565ff952b13c942386e8d08506\" tg-width=\"1059\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p><p><b>Risk Warning:</b>The Federal Reserve tightened monetary policy too quickly, exacerbating geopolitical risks.</p><p><hr>Congratulations on finding the letter E! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)</p><p><img src=\"https://static.tigerbbs.com/b519142d901e1ef1ff2a2e443798687b\" tg-width=\"214\" tg-height=\"286\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.zhitongcaijing.com/content/detail/492521.html\">川阅全球宏观</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/93c3dba7c4b0e443e40fe6df5639434d","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.zhitongcaijing.com/content/detail/492521.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156453091","content_text":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：\n1960年以来美国CPI同比破5%出现了4次(图1)。我们对CPI破4%、破5%至回落期间的经济基本面和美联储政策进行了复盘(表1)。\n1968/06-1971/09：经济陷入衰退，但前期大幅政府开支与财政刺激的余温仍在，通胀持续上升，美联储在1970年收紧货币政策以抑制通胀。\n1973/03-1982/11：粮食危机和石油危机的双重打击下，美国经济陷入滞胀，供给冲击与成本推升通胀。政府价格管制失败，货币政策缺乏独立性并且过于滞后，未能成功抑制通胀。\n1987/08-1991/07：走出滞胀后，美国经济经历了高速增长，但1987年开始经济增速放缓，并出现工资和价格上涨压力，美联储收紧货币政策。\n2007/11-2008/09：油价飙升推升通胀，金融危机爆发，美联储货币政策的首要任务在于救市，通胀不在其重点关注范围内。\n当前的通胀和1973-1982年通胀的成因较为相似，均为成本推动。\n\n本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。今年5月美国CPI录得5.0%(为2008年8月以来的最高水平)，但是从CPI指数角度，2021年5月相对于2019年5月的复合增速仅为2.5%。\n对于今年通胀的演绎，我们重点关注二手车和房租两个分项。\n通胀的主要推力之一为二手车。东南亚疫情恶化下多地芯片厂停工，芯片短缺导致车企减产。新车供应不足，二手车需求剧增，价格飙升(图2)。根据Manheim数据，2021年二手车售价增幅超越新车(图3)。此外，5月其他交通相关的价格涨幅进一步扩大，交通服务价格增幅从4月的5.6%扩大至11.2%，增幅翻倍。\n\n房租价格走势对未来通胀的演绎有重要影响。美国CPI中房租的权重较高(约30%)，尽管相对于其它分项，房租的增速相对温和(今年5月同比增2.2%)，但年初以来增速斜率陡峭化(图4)，我们预计受到供给短缺的影响，未来房租将会持续温和地上升。\n\n通胀预期走势如何?\n从消费者的角度，密西根预期通胀率数据显示，2021年5月美国消费者5年通胀预期从上月的2.7%跳升至3.0%(图5)，但是仍然低于美联储可以容忍的3.5%。\n从政策制定者角度，如我们此前报告所述，美联储注重通胀预期的监测，关键指标为共同通胀预期指数(CIE)，CIE为季度数据，预计2021年二季度的数据将于本月底公布。\n\n未来通胀将会怎样影响资产价格?\n我们复盘了上述四次大通胀中，CPI破4%后不同时间区间内美元、美股和美债收益率的变化(表2)：通胀对于美元、美股存在负面影响，前者较为滞后，后者1个月内即有体现。有趣的是，通胀对于美债收益率的影响不具规律性，关于美债的研究框架，请参考我们此前的报告。\n\n风险提示：美联储过快收紧货币政策，地缘政治风险加剧\n\n恭喜您找到了字母E，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击【七周年有奖活动】老虎大搜查 了解）","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":4898,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181583976,"gmtCreate":1623401588095,"gmtModify":1704202610111,"author":{"id":"3583906472464545","authorId":"3583906472464545","name":"靖焜","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583906472464545","authorIdStr":"3583906472464545"},"themes":[],"title":"","htmlText":"Tiger is here","listText":"Tiger is here","text":"Tiger is here","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181583976","repostId":"1156453091","repostType":4,"repost":{"id":"1156453091","kind":"news","pubTimestamp":1623333482,"share":"https://ttm.financial/m/news/1156453091?lang=en_US&edition=fundamental","pubTime":"2021-06-10 21:58","market":"us","language":"zh","title":"Learning from history: the deduction and impact of soaring US inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=1156453091","media":"川阅全球宏观","summary":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：。1960年以来美国CPI同比破5%出现了4次(图1)。本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。房租价格走势对未来通胀的演绎有重要影响。","content":"<p>On June 10, 2021, Eastern Time, the U.S. Department of Labor released its May inflation data.<b>The U.S. CPI rose 5.0% year-on-year in May, and the core CPI rose 3.8% year-on-year, marking the largest increase since August 2008. Since the beginning of this year, the U.S. inflation rate has accelerated, and with the Federal Reserve's June interest rate meeting approaching, inflation concerns persist in the market.</b>We reviewed several surges in U.S. inflation throughout history to better understand this inflation and its impact:</p><p><b>Since 1960, the US CPI has exceeded 5% year-on-year four times.</b>(FIG. 1). We conducted a review on the economic fundamentals and Federal Reserve policy during the period when the CPI broke through 4%, 5%, and then declined (Table 1).</p><p><b>1968/06-1971/09</b>The economy fell into recession, but the lingering effects of previous massive government spending and fiscal stimulus remained, inflation continued to rise, and the Federal Reserve tightened monetary policy in 1970 to curb inflation.</p><p><b>1973/03-1982/11：</b>Under the dual impact of the food and oil crises, the US economy has fallen into stagflation, with supply shocks and costs pushing up inflation. Government price controls failed, and monetary policy lacked independence and was too lagging, failing to successfully curb inflation.</p><p><b>1987/08-1991/07：</b>After emerging from stagflation, the U.S. economy experienced rapid growth, but starting in 1987, the economic growth rate slowed down, and upward pressure on wages and prices emerged, prompting the Federal Reserve to tighten monetary policy.</p><p><b>2007/11-2008/09：</b>Soaring oil prices pushed up inflation, and the financial crisis broke out. The Federal Reserve's primary task in monetary policy was to rescue the market, while inflation was not its focus.</p><p><b>The causes of current inflation are quite similar to those of 1973-1982; both are cost-driven.</b></p><p><img src=\"https://static.tigerbbs.com/327f6f12c3af30abee8fa0ae334f9763\" tg-width=\"1006\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ca353ebcbaf95ba1da0b46a815d5f8b\" tg-width=\"1025\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p><p><b>The main reason for this surge in inflation is the base effect and supply shortage under the pandemic.</b>In May of this year, the US CPI recorded 5.0% (the highest level since August 2008), but<b>From the perspective of the CPI index, the compound annual growth rate in May 2021 compared to May 2019 was only 2.5%.</b></p><p><b>Regarding the performance of inflation this year, we are focusing on two sub-sectors: used cars and rents.</b></p><p><b>One of the main drivers of inflation is used cars.</b>As the COVID-19 pandemic worsens in Southeast Asia, chip manufacturers in many regions have shut down, leading to chip shortages and reduced production by automakers. The supply of new cars is insufficient, the demand for used cars has surged, and prices have soared (Figure 2). According to Manheim data, the price increase of used cars exceeded that of new cars in 2021 (Figure 3). In addition, the increase in other transportation-related prices further widened in May, with the increase in transportation service prices expanding from 5.6% in April to 11.2%, more than doubling.</p><p><img src=\"https://static.tigerbbs.com/884ed39a8682a3df05e8411f17f2105c\" tg-width=\"995\" tg-height=\"585\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/599b70f4fadb590d0d7b20254d4b1403\" tg-width=\"1080\" tg-height=\"738\" referrerpolicy=\"no-referrer\"></p><p><b>Rent price trends have a significant impact on the future development of inflation.</b>Rent accounts for a relatively high weight in the US CPI (approximately 30%). Although rent growth is relatively moderate compared to other components (up 2.2% year-on-year in May this year), the growth slope has steepened since the beginning of the year (Figure 4).<b>It is expected that rents will continue to rise moderately in the future due to supply shortages.</b>。</p><p><img src=\"https://static.tigerbbs.com/869c4f313152d3a14769097f150fb674\" tg-width=\"1021\" tg-height=\"644\" referrerpolicy=\"no-referrer\"></p><p><b>What is the expected trend of inflation?</b></p><p>From a consumer's perspective, Michigan's expected inflation rate data shows that 2<b>In May 2021, U.S. consumers' five-year inflation expectations jumped to 3.0% from 2.7% the previous month (Figure 5), but were still below the 3.5% that the Federal Reserve could tolerate.</b></p><p>From a policymaker's perspective, as mentioned in our previous report, the Federal Reserve focuses on monitoring inflation expectations, with key indicators being:<b>The Common Inflation Expectations Index (CIE), which is quarterly data, is expected to be released by the end of this month for the second quarter of 2021.</b></p><p><img src=\"https://static.tigerbbs.com/21708bec0c792eb9299eda62ba3cd077\" tg-width=\"1080\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p><p><b>How will inflation affect asset prices in the future?</b></p><p>We conducted a review on the changes in the yields of the US dollar, US stocks, and US Treasury bonds over different time periods after the CPI broke through 4% in the four major inflationary events mentioned above (Table 2):<b>Inflation has a negative impact on the US dollar and US stocks; the former is relatively lagging behind, while the latter becomes apparent within a month.</b>Interestingly, the impact of inflation on US Treasury yields is irregular. For a research framework on US Treasury yields, please refer to our previous report.</p><p><img src=\"https://static.tigerbbs.com/037d9e565ff952b13c942386e8d08506\" tg-width=\"1059\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p><p><b>Risk Warning:</b>The Federal Reserve tightened monetary policy too quickly, exacerbating geopolitical risks.</p><p><hr>Congratulations on finding the letter E! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)</p><p><img src=\"https://static.tigerbbs.com/b519142d901e1ef1ff2a2e443798687b\" tg-width=\"214\" tg-height=\"286\"></p>","source":"lsy1582083733592","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>Learning from history: the deduction and impact of soaring US inflation</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\">\nLearning from history: the deduction and impact of soaring US inflation\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">川阅全球宏观</strong><span class=\"h-time small\">2021-06-10 21:58</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On June 10, 2021, Eastern Time, the U.S. Department of Labor released its May inflation data.<b>The U.S. CPI rose 5.0% year-on-year in May, and the core CPI rose 3.8% year-on-year, marking the largest increase since August 2008. Since the beginning of this year, the U.S. inflation rate has accelerated, and with the Federal Reserve's June interest rate meeting approaching, inflation concerns persist in the market.</b>We reviewed several surges in U.S. inflation throughout history to better understand this inflation and its impact:</p><p><b>Since 1960, the US CPI has exceeded 5% year-on-year four times.</b>(FIG. 1). We conducted a review on the economic fundamentals and Federal Reserve policy during the period when the CPI broke through 4%, 5%, and then declined (Table 1).</p><p><b>1968/06-1971/09</b>The economy fell into recession, but the lingering effects of previous massive government spending and fiscal stimulus remained, inflation continued to rise, and the Federal Reserve tightened monetary policy in 1970 to curb inflation.</p><p><b>1973/03-1982/11：</b>Under the dual impact of the food and oil crises, the US economy has fallen into stagflation, with supply shocks and costs pushing up inflation. Government price controls failed, and monetary policy lacked independence and was too lagging, failing to successfully curb inflation.</p><p><b>1987/08-1991/07：</b>After emerging from stagflation, the U.S. economy experienced rapid growth, but starting in 1987, the economic growth rate slowed down, and upward pressure on wages and prices emerged, prompting the Federal Reserve to tighten monetary policy.</p><p><b>2007/11-2008/09：</b>Soaring oil prices pushed up inflation, and the financial crisis broke out. The Federal Reserve's primary task in monetary policy was to rescue the market, while inflation was not its focus.</p><p><b>The causes of current inflation are quite similar to those of 1973-1982; both are cost-driven.</b></p><p><img src=\"https://static.tigerbbs.com/327f6f12c3af30abee8fa0ae334f9763\" tg-width=\"1006\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ca353ebcbaf95ba1da0b46a815d5f8b\" tg-width=\"1025\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p><p><b>The main reason for this surge in inflation is the base effect and supply shortage under the pandemic.</b>In May of this year, the US CPI recorded 5.0% (the highest level since August 2008), but<b>From the perspective of the CPI index, the compound annual growth rate in May 2021 compared to May 2019 was only 2.5%.</b></p><p><b>Regarding the performance of inflation this year, we are focusing on two sub-sectors: used cars and rents.</b></p><p><b>One of the main drivers of inflation is used cars.</b>As the COVID-19 pandemic worsens in Southeast Asia, chip manufacturers in many regions have shut down, leading to chip shortages and reduced production by automakers. The supply of new cars is insufficient, the demand for used cars has surged, and prices have soared (Figure 2). According to Manheim data, the price increase of used cars exceeded that of new cars in 2021 (Figure 3). In addition, the increase in other transportation-related prices further widened in May, with the increase in transportation service prices expanding from 5.6% in April to 11.2%, more than doubling.</p><p><img src=\"https://static.tigerbbs.com/884ed39a8682a3df05e8411f17f2105c\" tg-width=\"995\" tg-height=\"585\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/599b70f4fadb590d0d7b20254d4b1403\" tg-width=\"1080\" tg-height=\"738\" referrerpolicy=\"no-referrer\"></p><p><b>Rent price trends have a significant impact on the future development of inflation.</b>Rent accounts for a relatively high weight in the US CPI (approximately 30%). Although rent growth is relatively moderate compared to other components (up 2.2% year-on-year in May this year), the growth slope has steepened since the beginning of the year (Figure 4).<b>It is expected that rents will continue to rise moderately in the future due to supply shortages.</b>。</p><p><img src=\"https://static.tigerbbs.com/869c4f313152d3a14769097f150fb674\" tg-width=\"1021\" tg-height=\"644\" referrerpolicy=\"no-referrer\"></p><p><b>What is the expected trend of inflation?</b></p><p>From a consumer's perspective, Michigan's expected inflation rate data shows that 2<b>In May 2021, U.S. consumers' five-year inflation expectations jumped to 3.0% from 2.7% the previous month (Figure 5), but were still below the 3.5% that the Federal Reserve could tolerate.</b></p><p>From a policymaker's perspective, as mentioned in our previous report, the Federal Reserve focuses on monitoring inflation expectations, with key indicators being:<b>The Common Inflation Expectations Index (CIE), which is quarterly data, is expected to be released by the end of this month for the second quarter of 2021.</b></p><p><img src=\"https://static.tigerbbs.com/21708bec0c792eb9299eda62ba3cd077\" tg-width=\"1080\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p><p><b>How will inflation affect asset prices in the future?</b></p><p>We conducted a review on the changes in the yields of the US dollar, US stocks, and US Treasury bonds over different time periods after the CPI broke through 4% in the four major inflationary events mentioned above (Table 2):<b>Inflation has a negative impact on the US dollar and US stocks; the former is relatively lagging behind, while the latter becomes apparent within a month.</b>Interestingly, the impact of inflation on US Treasury yields is irregular. For a research framework on US Treasury yields, please refer to our previous report.</p><p><img src=\"https://static.tigerbbs.com/037d9e565ff952b13c942386e8d08506\" tg-width=\"1059\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p><p><b>Risk Warning:</b>The Federal Reserve tightened monetary policy too quickly, exacerbating geopolitical risks.</p><p><hr>Congratulations on finding the letter E! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)</p><p><img src=\"https://static.tigerbbs.com/b519142d901e1ef1ff2a2e443798687b\" tg-width=\"214\" tg-height=\"286\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.zhitongcaijing.com/content/detail/492521.html\">川阅全球宏观</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/93c3dba7c4b0e443e40fe6df5639434d","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.zhitongcaijing.com/content/detail/492521.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156453091","content_text":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：\n1960年以来美国CPI同比破5%出现了4次(图1)。我们对CPI破4%、破5%至回落期间的经济基本面和美联储政策进行了复盘(表1)。\n1968/06-1971/09：经济陷入衰退，但前期大幅政府开支与财政刺激的余温仍在，通胀持续上升，美联储在1970年收紧货币政策以抑制通胀。\n1973/03-1982/11：粮食危机和石油危机的双重打击下，美国经济陷入滞胀，供给冲击与成本推升通胀。政府价格管制失败，货币政策缺乏独立性并且过于滞后，未能成功抑制通胀。\n1987/08-1991/07：走出滞胀后，美国经济经历了高速增长，但1987年开始经济增速放缓，并出现工资和价格上涨压力，美联储收紧货币政策。\n2007/11-2008/09：油价飙升推升通胀，金融危机爆发，美联储货币政策的首要任务在于救市，通胀不在其重点关注范围内。\n当前的通胀和1973-1982年通胀的成因较为相似，均为成本推动。\n\n本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。今年5月美国CPI录得5.0%(为2008年8月以来的最高水平)，但是从CPI指数角度，2021年5月相对于2019年5月的复合增速仅为2.5%。\n对于今年通胀的演绎，我们重点关注二手车和房租两个分项。\n通胀的主要推力之一为二手车。东南亚疫情恶化下多地芯片厂停工，芯片短缺导致车企减产。新车供应不足，二手车需求剧增，价格飙升(图2)。根据Manheim数据，2021年二手车售价增幅超越新车(图3)。此外，5月其他交通相关的价格涨幅进一步扩大，交通服务价格增幅从4月的5.6%扩大至11.2%，增幅翻倍。\n\n房租价格走势对未来通胀的演绎有重要影响。美国CPI中房租的权重较高(约30%)，尽管相对于其它分项，房租的增速相对温和(今年5月同比增2.2%)，但年初以来增速斜率陡峭化(图4)，我们预计受到供给短缺的影响，未来房租将会持续温和地上升。\n\n通胀预期走势如何?\n从消费者的角度，密西根预期通胀率数据显示，2021年5月美国消费者5年通胀预期从上月的2.7%跳升至3.0%(图5)，但是仍然低于美联储可以容忍的3.5%。\n从政策制定者角度，如我们此前报告所述，美联储注重通胀预期的监测，关键指标为共同通胀预期指数(CIE)，CIE为季度数据，预计2021年二季度的数据将于本月底公布。\n\n未来通胀将会怎样影响资产价格?\n我们复盘了上述四次大通胀中，CPI破4%后不同时间区间内美元、美股和美债收益率的变化(表2)：通胀对于美元、美股存在负面影响，前者较为滞后，后者1个月内即有体现。有趣的是，通胀对于美债收益率的影响不具规律性，关于美债的研究框架，请参考我们此前的报告。\n\n风险提示：美联储过快收紧货币政策，地缘政治风险加剧\n\n恭喜您找到了字母E，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击【七周年有奖活动】老虎大搜查 了解）","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":4490,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181580920,"gmtCreate":1623401524060,"gmtModify":1704202608000,"author":{"id":"3583906472464545","authorId":"3583906472464545","name":"靖焜","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3583906472464545","authorIdStr":"3583906472464545"},"themes":[],"title":"","htmlText":"Tiger is here","listText":"Tiger is here","text":"Tiger is here","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181580920","repostId":"1140839418","repostType":4,"repost":{"id":"1140839418","kind":"news","pubTimestamp":1623382205,"share":"https://ttm.financial/m/news/1140839418?lang=en_US&edition=fundamental","pubTime":"2021-06-11 11:30","market":"us","language":"zh","title":"One chart to understand Didi's prospectus: Spread across 15 countries, averaging 41 million orders per day.","url":"https://stock-news.laohu8.com/highlight/detail?id=1140839418","media":"腾讯科技","summary":"6月11日消息，美国当地时间周四，$滴滴出行 $的运营主体小桔快智向美国证券交易委员会提交了IPO招股书，计划在纳斯达克股票市场或纽约证券交易所挂牌上市，股票代码为“DIDI”。根据滴滴披露的数据显示，目前滴滴已经在15个国家的4000多个城市和地区开通业务，年活跃用户数量4.93亿，年活跃司机数量1500万，日均单量4100万，年平台交易总额3410亿元，2018年至2021年Q1累计司机收入6000+亿元。","content":"<p>June 11 news, Thursday local time in the United States,<a href=\"https://laohu8.com/S/DIDI\">Didi Chuxing</a>Xiaoju Kuaizhi, the operator of the company, has filed an IPO prospectus with the U.S. Securities and Exchange Commission (SEC), planning to list on the Nasdaq stock market or the New York Stock Exchange under the ticker symbol \"DIDI\".</p><p>According to data disclosed by Didi, Didi currently operates in more than 4,000 cities and regions in 15 countries, with 493 million annual active users, 15 million annual active drivers, an average daily order volume of 41 million, an annual platform transaction volume of 341 billion yuan, and a cumulative driver revenue of over 600 billion yuan from 2018 to Q1 2021.</p><p><img src=\"https://static.tigerbbs.com/2a935c6b681f2f3744604b5596e29cac\" tg-width=\"2100\" tg-height=\"13686\"></p><p><hr>Congratulations on finding the letter I! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)<img src=\"https://static.tigerbbs.com/ba72fe98df37f49a4d31b0a0684a03aa\" tg-width=\"214\" tg-height=\"286\"></p>","source":"txkj","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>One chart to understand Didi's prospectus: Spread across 15 countries, averaging 41 million orders per day.</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\">\nOne chart to understand Didi's prospectus: Spread across 15 countries, averaging 41 million orders per day.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">腾讯科技</strong><span class=\"h-time small\">2021-06-11 11:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p>June 11 news, Thursday local time in the United States,<a href=\"https://laohu8.com/S/DIDI\">Didi Chuxing</a>Xiaoju Kuaizhi, the operator of the company, has filed an IPO prospectus with the U.S. Securities and Exchange Commission (SEC), planning to list on the Nasdaq stock market or the New York Stock Exchange under the ticker symbol \"DIDI\".</p><p>According to data disclosed by Didi, Didi currently operates in more than 4,000 cities and regions in 15 countries, with 493 million annual active users, 15 million annual active drivers, an average daily order volume of 41 million, an annual platform transaction volume of 341 billion yuan, and a cumulative driver revenue of over 600 billion yuan from 2018 to Q1 2021.</p><p><img src=\"https://static.tigerbbs.com/2a935c6b681f2f3744604b5596e29cac\" tg-width=\"2100\" tg-height=\"13686\"></p><p><hr>Congratulations on finding the letter I! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)<img src=\"https://static.tigerbbs.com/ba72fe98df37f49a4d31b0a0684a03aa\" tg-width=\"214\" tg-height=\"286\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://new.qq.com/rain/a/20210611A02NC800\">腾讯科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b9f14473f3e986de32cc80f6fd80b679","relate_stocks":{"DIDI":"滴滴(已退市)"},"source_url":"https://new.qq.com/rain/a/20210611A02NC800","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140839418","content_text":"6月11日消息，美国当地时间周四，滴滴出行的运营主体小桔快智向美国证券交易委员会（SEC）提交了IPO招股书，计划在纳斯达克股票市场或纽约证券交易所挂牌上市，股票代码为“DIDI”。\n根据滴滴披露的数据显示，目前滴滴已经在15个国家的4000多个城市和地区开通业务，年活跃用户数量4.93亿，年活跃司机数量1500万，日均单量4100万，年平台交易总额3410亿元，2018年至2021年Q1累计司机收入6000+亿元。\n\n\n恭喜您找到了字母I，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击【七周年有奖活动】老虎大搜查 了解）","news_type":1,"symbols_score_info":{"DIDI":0.9}},"isVote":1,"tweetType":1,"viewCount":4571,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":153372807,"gmtCreate":1625011909509,"gmtModify":1703849972542,"author":{"id":"3583906472464545","authorId":"3583906472464545","name":"靖焜","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583906472464545","idStr":"3583906472464545"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/153372807","repostId":"1189717489","repostType":4,"isVote":1,"tweetType":1,"viewCount":5875,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":151518092,"gmtCreate":1625098196116,"gmtModify":1703735995074,"author":{"id":"3583906472464545","authorId":"3583906472464545","name":"靖焜","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583906472464545","idStr":"3583906472464545"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/151518092","repostId":"1133219370","repostType":4,"repost":{"id":"1133219370","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":1625096461,"share":"https://ttm.financial/m/news/1133219370?lang=en_US&edition=fundamental","pubTime":"2021-07-01 07:41","market":"sh","language":"zh","title":"Last Night This Morning: S&P Hits New High! Didi's debut saw a surge before falling back.","url":"https://stock-news.laohu8.com/highlight/detail?id=1133219370","media":"老虎资讯综合","summary":"摘要：美股周三收盘涨跌不一，标普指数再创收盘历史新高；美国原油库存6连降推动美油收涨0.7％！上半年累计飙升逾51％；滴滴赴美上市，筹资44亿美元，开盘价为18美元，与每股14美元的IPO发行价相比上","content":"<p>Abstract: U.S. stocks closed mixed on Wednesday, with the S&P 500 hitting a new all-time closing high; U.S. crude oil inventories fell for the sixth consecutive day, pushing U.S. crude oil prices up 0.7%! It surged by over 51% cumulatively in the first half of the year; Didi went public in the United States, raising $4.4 billion at an opening price of $18, a nearly 29% increase compared to its IPO price of $14 per share. Overseas markets</p><p>1. Closing: All three major US stock indexes rose by more than 12% in the first half of the year.</p><p>U.S. stocks closed mixed on Wednesday, with the S&P 500 hitting a new all-time closing high. All three major stock indices rose by more than 12% in the first half of the year. The market is evaluating the June ADP employment data and the May second-hand home sales contract report, and is awaiting more economic data on the labor market, such as non-farm payrolls. The Dow Jones Industrial Average closed up 210.22 points, or 0.61%, at 34,502.51. The Nasdaq fell 24.38 points, or 0.17%, to 14,503.95. The S&P 500 rose 5.70 points, or 0.13%, to 4,297.50.</p><p>Didi closed up 1.4%. The company has set its US IPO price at the top of the guidance range of $14 per ADS, which is the upper limit of the offering price range of $13-14, which means the company is valued at more than $67 billion.<a href=\"https://laohu8.com/S/DDL\">ding-dong</a>Grocery purchases closed significantly higher. Yesterday's initial listing price rose slightly by 0.09%, but briefly fell below its issue price during the session.<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>The Hong Kong IPO offering price has been set at HK$165 per share, and trading will begin on July 7.</p><p>2. Popular Chinese concept stocks closed mixed on Wednesday, with Didi rising more than 20% at one point during trading.</p><p>Popular Chinese concept stocks closed mixed on Wednesday. Didi, the first Chinese-listed ride-hailing company, officially listed on the New York Stock Exchange, rose by more than 20% at one point before finally closing up 1%. Pop Culture, China's first hip-hop stock, officially listed on Nasdaq, triggering circuit breakers multiple times during trading, ultimately closing up 405%.<a href=\"https://laohu8.com/S/DDL\">ding-dong</a>Maicai rose nearly 63% on its second day of trading, and at one point surged nearly 100% during the session.</p><p>Full Truck Alliance rose over 26%, and Ruixing Pink Sheet rose over 22%.<a href=\"https://laohu8.com/S/MTC\">Haichuan Securities</a>Up more than 11%,<a href=\"https://laohu8.com/S/WEI\">Weidai.com</a>It rose more than 10%.<a href=\"https://laohu8.com/S/LAIX\">Fluent Theory</a>Up more than 9%,<a href=\"https://laohu8.com/S/EZGO\">Easy Electricity</a>It rose more than 7%.<a href=\"https://laohu8.com/S/CNET\">China Network Line</a>It rose more than 4%.<a href=\"https://laohu8.com/S/ZH\">Zhihu</a>、<a href=\"https://laohu8.com/S/VIOT\">Viomi Technology</a>It rose more than 3%.<a href=\"https://laohu8.com/S/CMCM\">Cheetah Movement</a>Renren Inc. rose over 2%, and Weibo rose over 1%.<a href=\"https://laohu8.com/S/MF\">Missfresh</a>The market closed flat.</p><p>3. European stocks closed slightly lower on Wednesday, while the pan-European Stoxx 600 index rose more than 13% in the first half of this year.</p><p>European stock markets rose strongly in the first half of 2021, but fell slightly on Wednesday (June 30), the last trading day of the second quarter, as investors continued to worry about the COVID-19 pandemic and rising inflation.</p><p>The pan-European Stoxx 600 index closed down 3.53 points, or 0.77%, at 452.84. However, the stock index has still risen by more than 13% year-to-date; Andy Haldane, chief economist at the Bank of England, said he was “uneasy” about the Bank of England’s nearly £1 trillion balance sheet. The data shows that the (British) economy is changing rapidly. UK inflation is expected to approach 4% instead of 3% by the end of the year, posing the biggest challenge to policymakers since the collapse of the pound in 1992.</p><p>4. U.S. crude oil inventories fell for the sixth consecutive day, pushing U.S. crude oil prices up 0.7%! The cumulative increase in the first half of the year surged by over 51%.</p><p>U.S. WIT futures rose 0.7% to settle at $73.47 a barrel, up 24.2% in the second quarter and more than 51% in the first half of the year. International Brent crude oil prices rose 0.5% to settle at $74.62 a barrel, up 18.2% in the second quarter and 45% in the first half of the year.</p><p>5. Gold prices closed up 0.5%, but fell more than 7% in June! It marked the largest monthly drop in eight years.</p><p>Gold futures rose 0.5% to settle at $1,771.60 an ounce, but fell more than 7% in June, marking their biggest monthly drop in eight years, as the dollar rose more than 2% this month.</p><p>International macro</p><p>1. Federal Reserve's Kaplan stated that the market knows tapering is imminent, it's just a matter of when.</p><p>Robert Kaplan, president of the Federal Reserve Bank of Dallas, said that tapering the central bank's asset purchases should be \"gradual,\" and he reiterated his view that it would be prudent to start the process sooner rather than later.</p><p>2. Faced with high valuations and the prospect of deleveraging, Wall Street warns that the best days for corporate bonds may be over.</p><p>High valuations and the prospect of the Federal Reserve gradually tapering its stimulus measures have led a growing number of analysts and investors to warn that the best days of the corporate bond market may be over.</p><p>The reopening of the economy, strong corporate earnings, and unprecedented support from the Federal Reserve helped push the risk premium for high-grade and high-yield bonds to its lowest level in more than a decade in the first half of the year. With discussions on scaling down looming and the prospect of a gradual recovery in U.S. Treasury Bond yields, many on Wall Street are warning that it is time for credit investors to take defensive measures.</p><p>3. Atlanta Fed President: The United States will need some time to reach its employment targets.</p><p>Atlanta Federal Reserve Bank President Raphael Bostic said that while the U.S. has “virtually fully recovered” from the pandemic in terms of GDP, employment “will take some time to return,” and is now about 9 to 10 million jobs below the pre-pandemic trend.</p><p>4. Bubble Bursts: US Timber Prices Plunge Over 40% in June, Marking the Largest Monthly Drop on Record</p><p>The huge timber bubble of 2021 has burst.</p><p>With increased supply, cooling speculative trading activity, and slowing demand for residential construction, timber prices have fallen sharply compared to the spring. Timber futures fell 42% in June alone, marking the worst month since 1978. The construction commodity has fallen by more than 13% so far this year, marking its first decline since the first half of 2015.</p><p>Timber prices peaked on May 7, reaching a record high of $1,670.50 per thousand board feet, more than six times higher than their low point in April 2020.</p><p>5. Federal Reserve reverse repurchase demand rose to nearly $1 trillion at the end of the quarter, a record high.</p><p>Market demand for a key tool used by the Federal Reserve to help control short-term interest rates has surged to nearly $1 trillion, a record high.</p><p>Data from the New York Federal Reserve shows that 90 participants deposited a total of $992 billion with the Fed through overnight reverse repos on Wednesday, breaking the previous record high of $841.2 billion set on Tuesday. The number of counterparties was the highest since 2016, and the increase in trading volume was the largest since June 17.</p><p>6、<a href=\"https://laohu8.com/S/UBS\">UBS</a>The Eurozone economic growth forecast for 2021 has been raised from 4.3% to 5.1%.</p><p>In a report to clients, economists such as Reinhard Cluse wrote that easing pandemic restrictions would lead to a “stronger” Eurozone economic rebound in the second and third quarters than previously expected. The economic contraction in the first quarter was less severe than expected, and fiscal support was stronger than expected; The 2022 growth forecast remains at 5.3%.</p><p><a href=\"https://laohu8.com/S/UBS\">UBS</a>The economy is expected to reach its pre-pandemic size in the fourth quarter of 2021, a quarter earlier than previously anticipated.</p><p>7、<a href=\"https://laohu8.com/NW/2148843618\" target=\"_blank\">The upcoming important OPEC+ meeting may have a crucial impact on oil prices.</a></p><p>OPEC and its allies are preparing for a meeting that could be crucial for oil prices, while discussions on whether to continue increasing production continue.</p><p>A familiar dynamic emerged in the organization's initial discussions ahead of its decision on output policy for August and beyond on Thursday. On the one hand, Russia and Kazakhstan have proposed increasing supply. On the other hand, Saudi Arabia and its Arab allies in the Gulf discussed a more cautious approach.</p><p>8. Federal Reserve Governor Waller joins the ranks of policymakers who support prioritizing the reduction of MBS purchases.</p><p>Federal Reserve officials who favor prioritizing the reduction of mortgage-backed securities (MBS) when they begin tapering asset purchases have received a response from Governor Christopher Waller.</p><p>Federal Reserve officials have begun discussing when and how to slow the plan to purchase $80 billion in U.S. Treasury Bond and $40 billion in MBS per month, which are aimed at helping the economy recover from the COVID-19 pandemic. Waller stated that due to the strong recovery of the U.S. economy, the timing of the tapering may be earlier than officials expected at the end of 2020, perhaps before the end of the year.</p><p>Company News</p><p>1、<a href=\"https://laohu8.com/NW/1145558758\" target=\"_blank\">Didi goes public in the US, raising $4.4 billion! Wall Street: Looking forward to the next chapter of growth</a></p><p>Didi's IPO took place in 2014.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>This is the largest IPO by a Chinese company in the United States since the group went public in the US, raising $25 billion.</p><p>Didi sold 316.8 million American Depositary Shares (ADSs) at an IPO price of $14 per share, up from the previously planned 288 million. This would value Didi at approximately $73 billion on a fully diluted basis and $67.5 billion on an undiluted basis.</p><p>DIDI's stock has been listed on the New York Stock Exchange under the ticker symbol \"DIDI,\" opening at $18, up nearly 29% from its IPO price of $14 per share.</p><p>2、<a href=\"https://laohu8.com/NW/1112995170\" target=\"_blank\">Luckin Coffee's stock price surged nearly 30% in the pink sheet market. In 2019, it reported revenue of 3 billion yuan and a loss of 3.16 billion yuan.</a></p><p>Wednesday afternoon,<a href=\"https://laohu8.com/S/LUCKIN\">Luckin Coffee</a>The stock price surged nearly 30% in the pink sheet market after previously released financial reports showed revenue of 1.0499 billion yuan in the fourth quarter of 2019, a year-on-year increase of 125.6%. The company reported a net loss of 1.1285 billion yuan, compared to a net loss of 669 million yuan in the fourth quarter of 2018.</p><p>On June 30,<a href=\"https://laohu8.com/S/LK\">Luckin Coffee</a>(China) Co., Ltd. (hereinafter referred to as \"the Company\") has reissued its audited 2019 annual financial report. The statement said that, in accordance with the disclosure requirements of the U.S. Securities and Exchange Commission, the company will continue to actively fulfill its disclosure obligations, release its 2020 annual financial report as soon as possible, and gradually resume its normal financial report disclosure schedule. The statement also showed that as of the end of June this year, Luckin Coffee had more than 5,200 stores nationwide, with a cumulative consumer base exceeding 75 million, and its raw coconut series sold more than 10 million cups in a single month.</p><p>3、<a href=\"https://laohu8.com/NW/2148848730\" target=\"_blank\">Pop Culture, China's first hip-hop stock, surged 405% on its first day of trading on Nasdaq.</a></p><p>Xiamen Pupu Culture, China's first hip-hop stock, opened at $12.26 on its first day of IPO in the United States, compared to the previously announced IPO price of $6.00 per ADS. The gains subsequently widened, closing up 405% at $30.30. Pupu Culture announced earlier Wednesday the pricing of its initial public offering, issuing 6,200,000 Class A common shares at $6 per share. The company's Class A common stock has been approved for trading on the Nasdaq Global Market and is expected to begin public trading on Nasdaq on June 30, 2021, Eastern Time, under the ticker symbol \"CPOP\".</p><p>4、<a href=\"https://laohu8.com/NW/2148177168\" target=\"_blank\">Dingdong Maicai surged by nearly 100% at one point. Netizens commented: Are American retail investors mistaking the Dingdong code for Didi?</a></p><p>Unexpectedly, vegetable-selling stocks listed in the United States experienced a dramatic reversal. In<a href=\"https://laohu8.com/S/MF\">Missfresh</a>After its IPO price fell below its issue price, Dingdong Maicai significantly reduced its financing amount. It briefly fell below its issue price on the day of listing. Fortunately, it rose slightly at the close, but unexpectedly, on the evening of the 30th, it made a dramatic reversal, surging by nearly 100% at one point, during which time it experienced two circuit breakers!</p><p>On June 30, the day after Dingdong Maicai's listing, its stock price surged to 43%, triggering a circuit breaker to suspend trading. Subsequently, Dingdong Maicai resumed trading and continued to expand its gains, reaching a rise of 77.72% to $41.80, triggering a circuit breaker twice before resuming trading. The stock price once surged 94%, and the market capitalization once surpassed $10 billion!</p><p>5、<a href=\"https://laohu8.com/NW/2148810005\" target=\"_blank\">Amazon fiercely retaliates: The new FTC chairman should not participate in the antitrust investigation against us!</a></p><p>Lina Khan, the newly appointed head of the U.S. Federal Trade Commission, is considered an antitrust fighter, having repeatedly published articles stating...<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>It violated anti-monopoly laws and should be spun off. Amazon said this would expose the antitrust investigation against the company to an unfair trial and hoped Khan would not participate in the investigation. Analysis indicates that this is a critical moment for Amazon and the FTC.</p><p>E-commerce giant Amazon filed a 25-page motion with the U.S. Federal Trade Commission (FTC) on Wednesday, June 30, requesting that the FTC's new Democratic chairwoman, Lina Khan, recuse herself from the regulator's antitrust investigation into Amazon.</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>Last Night This Morning: S&P Hits New High! Didi's debut saw a surge before falling back.</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\">\nLast Night This Morning: S&P Hits New High! Didi's debut saw a surge before falling back.\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\">2021-07-01 07:41</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Abstract: U.S. stocks closed mixed on Wednesday, with the S&P 500 hitting a new all-time closing high; U.S. crude oil inventories fell for the sixth consecutive day, pushing U.S. crude oil prices up 0.7%! It surged by over 51% cumulatively in the first half of the year; Didi went public in the United States, raising $4.4 billion at an opening price of $18, a nearly 29% increase compared to its IPO price of $14 per share. Overseas markets</p><p>1. Closing: All three major US stock indexes rose by more than 12% in the first half of the year.</p><p>U.S. stocks closed mixed on Wednesday, with the S&P 500 hitting a new all-time closing high. All three major stock indices rose by more than 12% in the first half of the year. The market is evaluating the June ADP employment data and the May second-hand home sales contract report, and is awaiting more economic data on the labor market, such as non-farm payrolls. The Dow Jones Industrial Average closed up 210.22 points, or 0.61%, at 34,502.51. The Nasdaq fell 24.38 points, or 0.17%, to 14,503.95. The S&P 500 rose 5.70 points, or 0.13%, to 4,297.50.</p><p>Didi closed up 1.4%. The company has set its US IPO price at the top of the guidance range of $14 per ADS, which is the upper limit of the offering price range of $13-14, which means the company is valued at more than $67 billion.<a href=\"https://laohu8.com/S/DDL\">ding-dong</a>Grocery purchases closed significantly higher. Yesterday's initial listing price rose slightly by 0.09%, but briefly fell below its issue price during the session.<a href=\"https://laohu8.com/S/XPEV\">XPeng Automotive</a>The Hong Kong IPO offering price has been set at HK$165 per share, and trading will begin on July 7.</p><p>2. Popular Chinese concept stocks closed mixed on Wednesday, with Didi rising more than 20% at one point during trading.</p><p>Popular Chinese concept stocks closed mixed on Wednesday. Didi, the first Chinese-listed ride-hailing company, officially listed on the New York Stock Exchange, rose by more than 20% at one point before finally closing up 1%. Pop Culture, China's first hip-hop stock, officially listed on Nasdaq, triggering circuit breakers multiple times during trading, ultimately closing up 405%.<a href=\"https://laohu8.com/S/DDL\">ding-dong</a>Maicai rose nearly 63% on its second day of trading, and at one point surged nearly 100% during the session.</p><p>Full Truck Alliance rose over 26%, and Ruixing Pink Sheet rose over 22%.<a href=\"https://laohu8.com/S/MTC\">Haichuan Securities</a>Up more than 11%,<a href=\"https://laohu8.com/S/WEI\">Weidai.com</a>It rose more than 10%.<a href=\"https://laohu8.com/S/LAIX\">Fluent Theory</a>Up more than 9%,<a href=\"https://laohu8.com/S/EZGO\">Easy Electricity</a>It rose more than 7%.<a href=\"https://laohu8.com/S/CNET\">China Network Line</a>It rose more than 4%.<a href=\"https://laohu8.com/S/ZH\">Zhihu</a>、<a href=\"https://laohu8.com/S/VIOT\">Viomi Technology</a>It rose more than 3%.<a href=\"https://laohu8.com/S/CMCM\">Cheetah Movement</a>Renren Inc. rose over 2%, and Weibo rose over 1%.<a href=\"https://laohu8.com/S/MF\">Missfresh</a>The market closed flat.</p><p>3. European stocks closed slightly lower on Wednesday, while the pan-European Stoxx 600 index rose more than 13% in the first half of this year.</p><p>European stock markets rose strongly in the first half of 2021, but fell slightly on Wednesday (June 30), the last trading day of the second quarter, as investors continued to worry about the COVID-19 pandemic and rising inflation.</p><p>The pan-European Stoxx 600 index closed down 3.53 points, or 0.77%, at 452.84. However, the stock index has still risen by more than 13% year-to-date; Andy Haldane, chief economist at the Bank of England, said he was “uneasy” about the Bank of England’s nearly £1 trillion balance sheet. The data shows that the (British) economy is changing rapidly. UK inflation is expected to approach 4% instead of 3% by the end of the year, posing the biggest challenge to policymakers since the collapse of the pound in 1992.</p><p>4. U.S. crude oil inventories fell for the sixth consecutive day, pushing U.S. crude oil prices up 0.7%! The cumulative increase in the first half of the year surged by over 51%.</p><p>U.S. WIT futures rose 0.7% to settle at $73.47 a barrel, up 24.2% in the second quarter and more than 51% in the first half of the year. International Brent crude oil prices rose 0.5% to settle at $74.62 a barrel, up 18.2% in the second quarter and 45% in the first half of the year.</p><p>5. Gold prices closed up 0.5%, but fell more than 7% in June! It marked the largest monthly drop in eight years.</p><p>Gold futures rose 0.5% to settle at $1,771.60 an ounce, but fell more than 7% in June, marking their biggest monthly drop in eight years, as the dollar rose more than 2% this month.</p><p>International macro</p><p>1. Federal Reserve's Kaplan stated that the market knows tapering is imminent, it's just a matter of when.</p><p>Robert Kaplan, president of the Federal Reserve Bank of Dallas, said that tapering the central bank's asset purchases should be \"gradual,\" and he reiterated his view that it would be prudent to start the process sooner rather than later.</p><p>2. Faced with high valuations and the prospect of deleveraging, Wall Street warns that the best days for corporate bonds may be over.</p><p>High valuations and the prospect of the Federal Reserve gradually tapering its stimulus measures have led a growing number of analysts and investors to warn that the best days of the corporate bond market may be over.</p><p>The reopening of the economy, strong corporate earnings, and unprecedented support from the Federal Reserve helped push the risk premium for high-grade and high-yield bonds to its lowest level in more than a decade in the first half of the year. With discussions on scaling down looming and the prospect of a gradual recovery in U.S. Treasury Bond yields, many on Wall Street are warning that it is time for credit investors to take defensive measures.</p><p>3. Atlanta Fed President: The United States will need some time to reach its employment targets.</p><p>Atlanta Federal Reserve Bank President Raphael Bostic said that while the U.S. has “virtually fully recovered” from the pandemic in terms of GDP, employment “will take some time to return,” and is now about 9 to 10 million jobs below the pre-pandemic trend.</p><p>4. Bubble Bursts: US Timber Prices Plunge Over 40% in June, Marking the Largest Monthly Drop on Record</p><p>The huge timber bubble of 2021 has burst.</p><p>With increased supply, cooling speculative trading activity, and slowing demand for residential construction, timber prices have fallen sharply compared to the spring. Timber futures fell 42% in June alone, marking the worst month since 1978. The construction commodity has fallen by more than 13% so far this year, marking its first decline since the first half of 2015.</p><p>Timber prices peaked on May 7, reaching a record high of $1,670.50 per thousand board feet, more than six times higher than their low point in April 2020.</p><p>5. Federal Reserve reverse repurchase demand rose to nearly $1 trillion at the end of the quarter, a record high.</p><p>Market demand for a key tool used by the Federal Reserve to help control short-term interest rates has surged to nearly $1 trillion, a record high.</p><p>Data from the New York Federal Reserve shows that 90 participants deposited a total of $992 billion with the Fed through overnight reverse repos on Wednesday, breaking the previous record high of $841.2 billion set on Tuesday. The number of counterparties was the highest since 2016, and the increase in trading volume was the largest since June 17.</p><p>6、<a href=\"https://laohu8.com/S/UBS\">UBS</a>The Eurozone economic growth forecast for 2021 has been raised from 4.3% to 5.1%.</p><p>In a report to clients, economists such as Reinhard Cluse wrote that easing pandemic restrictions would lead to a “stronger” Eurozone economic rebound in the second and third quarters than previously expected. The economic contraction in the first quarter was less severe than expected, and fiscal support was stronger than expected; The 2022 growth forecast remains at 5.3%.</p><p><a href=\"https://laohu8.com/S/UBS\">UBS</a>The economy is expected to reach its pre-pandemic size in the fourth quarter of 2021, a quarter earlier than previously anticipated.</p><p>7、<a href=\"https://laohu8.com/NW/2148843618\" target=\"_blank\">The upcoming important OPEC+ meeting may have a crucial impact on oil prices.</a></p><p>OPEC and its allies are preparing for a meeting that could be crucial for oil prices, while discussions on whether to continue increasing production continue.</p><p>A familiar dynamic emerged in the organization's initial discussions ahead of its decision on output policy for August and beyond on Thursday. On the one hand, Russia and Kazakhstan have proposed increasing supply. On the other hand, Saudi Arabia and its Arab allies in the Gulf discussed a more cautious approach.</p><p>8. Federal Reserve Governor Waller joins the ranks of policymakers who support prioritizing the reduction of MBS purchases.</p><p>Federal Reserve officials who favor prioritizing the reduction of mortgage-backed securities (MBS) when they begin tapering asset purchases have received a response from Governor Christopher Waller.</p><p>Federal Reserve officials have begun discussing when and how to slow the plan to purchase $80 billion in U.S. Treasury Bond and $40 billion in MBS per month, which are aimed at helping the economy recover from the COVID-19 pandemic. Waller stated that due to the strong recovery of the U.S. economy, the timing of the tapering may be earlier than officials expected at the end of 2020, perhaps before the end of the year.</p><p>Company News</p><p>1、<a href=\"https://laohu8.com/NW/1145558758\" target=\"_blank\">Didi goes public in the US, raising $4.4 billion! Wall Street: Looking forward to the next chapter of growth</a></p><p>Didi's IPO took place in 2014.<a href=\"https://laohu8.com/S/BABA\">Alibaba</a>This is the largest IPO by a Chinese company in the United States since the group went public in the US, raising $25 billion.</p><p>Didi sold 316.8 million American Depositary Shares (ADSs) at an IPO price of $14 per share, up from the previously planned 288 million. This would value Didi at approximately $73 billion on a fully diluted basis and $67.5 billion on an undiluted basis.</p><p>DIDI's stock has been listed on the New York Stock Exchange under the ticker symbol \"DIDI,\" opening at $18, up nearly 29% from its IPO price of $14 per share.</p><p>2、<a href=\"https://laohu8.com/NW/1112995170\" target=\"_blank\">Luckin Coffee's stock price surged nearly 30% in the pink sheet market. In 2019, it reported revenue of 3 billion yuan and a loss of 3.16 billion yuan.</a></p><p>Wednesday afternoon,<a href=\"https://laohu8.com/S/LUCKIN\">Luckin Coffee</a>The stock price surged nearly 30% in the pink sheet market after previously released financial reports showed revenue of 1.0499 billion yuan in the fourth quarter of 2019, a year-on-year increase of 125.6%. The company reported a net loss of 1.1285 billion yuan, compared to a net loss of 669 million yuan in the fourth quarter of 2018.</p><p>On June 30,<a href=\"https://laohu8.com/S/LK\">Luckin Coffee</a>(China) Co., Ltd. (hereinafter referred to as \"the Company\") has reissued its audited 2019 annual financial report. The statement said that, in accordance with the disclosure requirements of the U.S. Securities and Exchange Commission, the company will continue to actively fulfill its disclosure obligations, release its 2020 annual financial report as soon as possible, and gradually resume its normal financial report disclosure schedule. The statement also showed that as of the end of June this year, Luckin Coffee had more than 5,200 stores nationwide, with a cumulative consumer base exceeding 75 million, and its raw coconut series sold more than 10 million cups in a single month.</p><p>3、<a href=\"https://laohu8.com/NW/2148848730\" target=\"_blank\">Pop Culture, China's first hip-hop stock, surged 405% on its first day of trading on Nasdaq.</a></p><p>Xiamen Pupu Culture, China's first hip-hop stock, opened at $12.26 on its first day of IPO in the United States, compared to the previously announced IPO price of $6.00 per ADS. The gains subsequently widened, closing up 405% at $30.30. Pupu Culture announced earlier Wednesday the pricing of its initial public offering, issuing 6,200,000 Class A common shares at $6 per share. The company's Class A common stock has been approved for trading on the Nasdaq Global Market and is expected to begin public trading on Nasdaq on June 30, 2021, Eastern Time, under the ticker symbol \"CPOP\".</p><p>4、<a href=\"https://laohu8.com/NW/2148177168\" target=\"_blank\">Dingdong Maicai surged by nearly 100% at one point. Netizens commented: Are American retail investors mistaking the Dingdong code for Didi?</a></p><p>Unexpectedly, vegetable-selling stocks listed in the United States experienced a dramatic reversal. In<a href=\"https://laohu8.com/S/MF\">Missfresh</a>After its IPO price fell below its issue price, Dingdong Maicai significantly reduced its financing amount. It briefly fell below its issue price on the day of listing. Fortunately, it rose slightly at the close, but unexpectedly, on the evening of the 30th, it made a dramatic reversal, surging by nearly 100% at one point, during which time it experienced two circuit breakers!</p><p>On June 30, the day after Dingdong Maicai's listing, its stock price surged to 43%, triggering a circuit breaker to suspend trading. Subsequently, Dingdong Maicai resumed trading and continued to expand its gains, reaching a rise of 77.72% to $41.80, triggering a circuit breaker twice before resuming trading. The stock price once surged 94%, and the market capitalization once surpassed $10 billion!</p><p>5、<a href=\"https://laohu8.com/NW/2148810005\" target=\"_blank\">Amazon fiercely retaliates: The new FTC chairman should not participate in the antitrust investigation against us!</a></p><p>Lina Khan, the newly appointed head of the U.S. Federal Trade Commission, is considered an antitrust fighter, having repeatedly published articles stating...<a href=\"https://laohu8.com/S/AMZN\">Amazon</a>It violated anti-monopoly laws and should be spun off. Amazon said this would expose the antitrust investigation against the company to an unfair trial and hoped Khan would not participate in the investigation. Analysis indicates that this is a critical moment for Amazon and the FTC.</p><p>E-commerce giant Amazon filed a 25-page motion with the U.S. Federal Trade Commission (FTC) on Wednesday, June 30, requesting that the FTC's new Democratic chairwoman, Lina Khan, recuse herself from the regulator's antitrust investigation into Amazon.</p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b23574aac95526c9e5c62ebc8dd25130","relate_stocks":{"USO":"美国原油ETF","SCO":"二倍做空彭博原油指数ETF","DUG":"二倍做空石油与天然气ETF(ProShares)","DDG":"ProShares做空石油与天然气ETF","UCO":"二倍做多彭博原油ETF","DWT":"三倍做空原油ETN"},"is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133219370","content_text":"摘要：美股周三收盘涨跌不一，标普指数再创收盘历史新高；美国原油库存6连降推动美油收涨0.7％！上半年累计飙升逾51％；滴滴赴美上市，筹资44亿美元，开盘价为18美元，与每股14美元的IPO发行价相比上涨近29%。\n\n海外市场\n1、收盘：上半年美股三大股指涨幅均超12%\n美股周三收盘涨跌不一，标普指数再创收盘历史新高。三大股指上半年涨幅均超过12%。市场正在评估6月ADP就业数据与5月二手房销售签约报告，并等待非农就业等更多有关劳动力市场的经济数据。道指收盘上涨210.22点，或0.61%，报34502.51点；纳指跌24.38点，或0.17%，报14503.95点；标普500指数涨5.70点，或0.13%，报4297.50点。\n滴滴收高1.4%。该公司确定将美股IPO价格定在指导区间顶部14美元/ADS，位于13-14美元的发行区间价格上限，这意味着公司估值超过670亿美元。叮咚买菜大幅收高。昨日首挂微涨0.09%，盘中一度破发。小鹏汽车港股IPO发售价确定为每股165港元，7月7日开始交易。\n2、热门中概股周三收盘涨跌不一 滴滴盘中一度涨超20%\n热门中概股周三收盘涨跌不一，中概网约车第一股滴滴正式在纽交所上市，盘中涨幅一度超过20%，最终收涨1%；中国嘻哈第一股普普文化正式登陆纳斯达克，盘中多次触发熔断，最终收盘飙升405%；叮咚买菜上市次日涨近63%，盘中一度大涨近100%。\n满帮涨超26%，瑞兴粉单涨超22%，海川证券涨超11%，微贷网涨超10%，流利说涨超9%，易电行涨超7%，中网载线涨超4%，知乎、云米科技涨超3%，猎豹移动、人人公司涨超2%，微博涨超1%，每日优鲜收盘持平。\n3、欧股周三收盘小幅下跌 泛欧斯托克600指数今年上半年涨超13%\n欧洲股市在2021年上半年强劲上涨，但在第二季度最后一个交易日，即周三（6月30日）小幅下跌，原因投资者是对新冠疫情和通胀上升的持续担忧。\n泛欧斯托克600指数收盘下跌3.53点，跌幅0.77%，报452.84点。不过，该股指今年迄今仍累计涨超13%；英国央行首席经济学家Andy Haldane表示，对英国央行近1万亿英镑的资产负债表感到“不安”。数据表明（英国）经济正在迅速变化。预计年末英国通胀率可能接近4%（而非3%），给决策者带来1992年英镑崩盘以来的最大挑战。\n4、美国原油库存6连降推动美油收涨0.7％！上半年累计飙升逾51％\n美国WIT期货价格上涨0.7%，报收于每桶73.47美元，第二季度累涨24.2%，上半年累涨逾51%；国际布伦特油价上涨0.5%，报收于每桶74.62美元，第二季度累涨18.2%，上半年累涨45%。\n5、金价收涨0.5％，但6月累计大跌逾7％！创8年以来最大单月跌幅\n黄金期货价格上涨0.5%，报收于每盎司1771.60美元，但6月累跌逾7%，创8年以来最大单月跌幅，因美元汇率本月累涨2%以上。\n国际宏观\n1、美联储卡普兰称市场知道减码即将到来，只是何时的问题\n达拉斯联邦储备银行行长卡普兰（Robert Kaplan）表示，缩减央行资产购买规模应该是“逐步进行的”，他还重申了启动这个进程宜早不宜迟将是审慎之举的观点。\n2、面对高昂估值和减码前景 华尔街警告企业债最好日子或已过去\n高昂估值和美联储逐步缩减刺激措施的前景让越来越多分析师和投资者发出警告：企业债市场最好的日子可能已经过去。\n经济重开、强劲的公司盈利和前所未有的美联储支持，帮助将高等级和高收益债券的风险溢价在上半年推至十多年来最低水平。随着减码讨论的即将到来，以及美国国债收益率逐步回升的前景，华尔街许多人士警告称，信贷投资者是时候采取防御措施了。\n3、亚特兰大联储行长：美国需要一些时间才能达到就业目标\n亚特兰大联储银行行长博斯蒂克(Raphael Bostic)说，虽然从国内生产总值意义上美国已从疫情中“实际上完全恢复过来”，但就业“需要一些时间才能回去”，现在比疫情前趋势低约900万到1000万个就业岗位。\n4、泡沫破裂：美木材价格6月份暴跌逾40% 创有记录以来最大单月跌幅\n2021年巨大的木材泡沫已经破灭。\n随着供应增加、投机交易活动降温和住宅建筑需求的放缓，木材价格已较春季时大幅回落。木材期货仅在6月份就下跌了42%，创下1978年以来最糟糕的一个月。该建筑商品今年迄今下跌超过13%，为2015年上半年以来首次下跌。\n木材价格在5月7日达到顶峰，创下每千板英尺1670.50美元的历史新高，比2020年4月时的低点高出六倍多。\n5、美联储逆回购需求量在季末升至近1万亿美元 创纪录新高\n市场对美联储用来帮助控制短期利率的一项关键工具的需求规模飙升至近1万亿美元，创纪录新高。\n纽约联储数据显示，90家参与者周三通过隔夜逆回购工具向美联储存放了总计9920亿美元资金，刷新周二创下的8412亿美元前纪录高位。交易对手数量为2016年以来最多，成交量增幅为6月17日以来最大。\n6、瑞银将欧元区2021年经济增长预期从4.3%上调至5.1%\nReinhard Cluse等经济学家在给客户的报告中写道，放宽防疫限制会导致第二季度和第三季度欧元区经济反弹比先前预期的“强一些”；第一季度的经济萎缩没有预期严重，财政支持强于预期；2022年增长预测保持在5.3%。\n瑞银预计经济将在2021年第四季度达到疫情前规模，比此前预期早一个季度。\n7、OPEC+重要会议在即 或将对油价产生关键影响\nOPEC及其盟国正准备召开一场可能对油价至关重要的会议，而关于是否继续增产的讨论仍在继续。\n在周四对8月及以后的产出政策做出决定之前，该组织在初步讨论中出现了一种熟悉的动态。一方面，俄罗斯和哈萨克斯坦提出增加供应。另一方面，沙特阿拉伯及其海湾的阿拉伯盟友讨论了更谨慎的做法。\n8、美联储理事Waller加入支持优先缩减MBS购买的决策官员行列\n倾向于在开始缩减资产购买时优先减码抵押贷款支持证券（MBS）的美联储官员们获得了理事Christopher Waller的响应。\n美联储官员已经开始讨论何时以及如何放缓每月购买800亿美元美国国债和400亿美元MBS的计划，这些计划旨在帮助经济从新冠疫情中恢复。Waller表示，由于美国经济强劲复苏，减码时机可能比官员们在2020年底的预期要早，或许会在年底之前开始。\n公司新闻\n1、滴滴赴美上市，筹资44亿美元！华尔街：期待下一个增长篇章\n滴滴IPO是自2014年阿里巴巴集团赴美上市筹集250亿美元资金以来，中国公司在美国规模最大的一次IPO交易。\n滴滴以每股14美元的IPO价格出售了3.168亿股美国存托股票（ADS），高于此前计划的2.88亿股，这将使滴滴在完全稀释的基础上估值约为730亿美元，在非稀释的基础上估值为675亿美元。\n滴滴的股票已经以“DIDI”为代码在纽约证券交易所挂牌交易，开盘价为18美元，与每股14美元的IPO发行价相比上涨近29%。\n2、瑞幸股价在粉单市场暴涨近30％，2019年营收30亿元、亏损31.6亿\n周三午盘，瑞幸咖啡股价在粉单市场暴涨近30%，此前公布的财报显示，2019年四季度营收10.499亿元，同比增长125.6%；净亏损11.285亿元，相比之下2018年四季度净亏损6.69亿元。\n6月30日，瑞幸咖啡 (中国) 有限公司（以下简称“公司”）补发了经审计的2019年年度财务报告。声明称，根据美国证监会的披露要求，公司将持续积极履行披露义务，尽快发布2020年年度财务报告，并逐渐恢复至正常财报披露进度。声明还显示，截至今年6月底，瑞幸全国门店数已超过5200家，累计消费用户已突破7500万，生椰系列单月销量超1000万杯。\n3、中国嘻哈第一股普普文化登录纳斯达克 首日收盘大幅飙405％\n中国嘻哈第一股厦门普普文化美国IPO首日开盘报12.26美元，此前给出的IPO发行价为每份ADS 6.00美元。随后涨幅进一步扩大，截至收盘上涨405%，报30.3美元。普普文化周三稍早宣布其首次公开发行定价，以每股6美元价格发行6,200,000股A类普通股。公司的A类普通股已获准在纳斯达克全球市场交易，并预计于美国东部时间2021年6月30日在纳斯达克开始公开交易，股票代码为“CPOP”。\n4、叮咚买菜一度暴涨近100% 网友：美国散户把叮咚代码当成了滴滴？\n万万没想到，在美国上市的卖菜股迎来大逆转。在每日优鲜上市破发后，叮咚买菜大幅缩小融资额，上市当天一度破发，所幸收盘的时候微涨，但没想到30日晚间，来了一个惊天逆转，一度暴涨近100%，期间经历了两次熔断！\n6月30日，叮咚买菜上市次日，其涨幅扩大至43%，触发熔断暂停交易。随后，叮咚买菜恢复交易继续扩大涨幅，涨幅达到77.72%，报41.8美元，二度触发熔断，随后继续交易。股价一度暴涨94%，市值一度站上100亿美元！\n5、亚马逊硬气反击：FTC新任主席不应参与对我们的反垄断调查！\n美国联邦贸易委员会新任一把手Lina Khan堪称反垄断斗士，屡次发文称亚马逊违反了反垄断法且应被分拆。亚马逊称这会令针对公司的反垄断调查面临不公审判，希望Khan不要参与调查。分析指出，目前正值亚马逊和FTC的关键时刻。\n电商巨头亚马逊在6月30日周三向美国联邦贸易委员会（FTC）提交了一份长达25页的动议，申请让FTC新任民主党主席Lina Khan回避该监管机构对亚马逊的反垄断调查。","news_type":1,"symbols_score_info":{"DUG":0.9,"DWT":0.9,"UCO":0.9,"SCO":0.9,"UWTIF":0.9,"CLmain":0.9,"ESmain":0.9,"QMmain":0.9,"DDG":0.9,"USO":0.9,"DWTIF":0.9,"BZmain":0.9}},"isVote":1,"tweetType":1,"viewCount":5071,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":150745961,"gmtCreate":1624929265853,"gmtModify":1703848119284,"author":{"id":"3583906472464545","authorId":"3583906472464545","name":"靖焜","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583906472464545","idStr":"3583906472464545"},"themes":[],"title":"","htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/150745961","repostId":"2146831497","repostType":4,"repost":{"id":"2146831497","kind":"news","pubTimestamp":1624922634,"share":"https://ttm.financial/m/news/2146831497?lang=en_US&edition=fundamental","pubTime":"2021-06-29 07:23","market":"hk","language":"zh","title":"It is rumored that iPhone 13 parts have arrived, and the release date should be earlier than the iPhone 12.","url":"https://stock-news.laohu8.com/highlight/detail?id=2146831497","media":"新浪科技","summary":"IPhone13 Pro的3D渲染图曝光新浪科技讯 北京时间6月28日晚间消息，据报道，苹果公司用于组装新一代iPhone手机的部分零部件已经到货，这意味着iPhone 13的上市日期将略早于iPhone 12。苹果通常在每年的夏初开始接受组装iPhone所需的零部件，今年也不例外。今日，来自供应链厂商的消息称，iPhone 13的无源元件已经到货。疫情推迟了2020年的iPhone发布，但iPhone 13的生产似乎已恢复正常。这意味着iPhone 13将于今年9月发布，9月底或10初上市。","content":"<p><img src=\"https://static.tigerbbs.com/93a469f6bd34fd2928201987c7fdd5e3\" tg-width=\"1080\" tg-height=\"1920\" referrerpolicy=\"no-referrer\">3D rendering of iPhone 13 Pro exposed</p><p><a href=\"https://laohu8.com/S/SINA\">Sina</a>Technology News, Beijing time, June 28th evening news: According to reports,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Some of the components used by the company to assemble the next-generation iPhone (tentatively known as the \"iPhone 13\") have arrived, which means that the iPhone 13 will be released slightly earlier than the iPhone 12.</p><p>Apple usually begins accepting parts needed to assemble iPhones in early summer each year, and this year is no exception. Today, news from supply chain manufacturers indicates that the passive components for the iPhone 13 have arrived. Passive components mainly refer to resistive, inductive, and capacitive components, which can operate when there is a signal in a circuit without the need for a power supply.</p><p>Cyntec is a major supplier of iPhone power chokes. According to sources, driven by Apple orders, Qiankun Technology's revenue is expected to grow by more than 25% year-on-year in the second quarter of this year. In the first quarter, the company's revenue increased by 30% year-on-year.</p><p>All indications suggest that Apple's supply chain and production processes have recovered from the COVID-19 pandemic in 2020. The pandemic delayed the 2020 iPhone release, but iPhone 13 production appears to have returned to normal. This means that the iPhone 13 will be released in September this year, with a launch date of late September or early October.</p><p>According to previous media reports, analysts generally expect that, like the iPhone 12, the iPhone 13 will also have four models: the iPhone 13 mini, iPhone 13, iPhone 13 Pro, and iPhone 13 Pro Max.</p><p>In terms of design, the iPhone 13 is expected to inherit the ID style of the iPhone 12 series. The mid-frame will still adopt a right-angled design, but the front screen will undergo the biggest change in four years, adopting a brand-new \"small notch\" design. The changes on the back mainly come from the camera module, with the rear dual cameras being arranged diagonally from vertical.</p><p>Research firm DigiTimes Research predicts that global smartphone shipments will reach 1.32 billion units in 2021, a year-on-year increase of 6.4%. Among them, 5G phones will account for 500 million to 530 million units, representing a year-on-year increase of 70% to 80%.</p>","source":"sina_symbol","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>It is rumored that iPhone 13 parts have arrived, and the release date should be earlier than the iPhone 12.</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\">\nIt is rumored that iPhone 13 parts have arrived, and the release date should be earlier than the iPhone 12.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">新浪科技</strong><span class=\"h-time small\">2021-06-29 07:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/93a469f6bd34fd2928201987c7fdd5e3\" tg-width=\"1080\" tg-height=\"1920\" referrerpolicy=\"no-referrer\">3D rendering of iPhone 13 Pro exposed</p><p><a href=\"https://laohu8.com/S/SINA\">Sina</a>Technology News, Beijing time, June 28th evening news: According to reports,<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Some of the components used by the company to assemble the next-generation iPhone (tentatively known as the \"iPhone 13\") have arrived, which means that the iPhone 13 will be released slightly earlier than the iPhone 12.</p><p>Apple usually begins accepting parts needed to assemble iPhones in early summer each year, and this year is no exception. Today, news from supply chain manufacturers indicates that the passive components for the iPhone 13 have arrived. Passive components mainly refer to resistive, inductive, and capacitive components, which can operate when there is a signal in a circuit without the need for a power supply.</p><p>Cyntec is a major supplier of iPhone power chokes. According to sources, driven by Apple orders, Qiankun Technology's revenue is expected to grow by more than 25% year-on-year in the second quarter of this year. In the first quarter, the company's revenue increased by 30% year-on-year.</p><p>All indications suggest that Apple's supply chain and production processes have recovered from the COVID-19 pandemic in 2020. The pandemic delayed the 2020 iPhone release, but iPhone 13 production appears to have returned to normal. This means that the iPhone 13 will be released in September this year, with a launch date of late September or early October.</p><p>According to previous media reports, analysts generally expect that, like the iPhone 12, the iPhone 13 will also have four models: the iPhone 13 mini, iPhone 13, iPhone 13 Pro, and iPhone 13 Pro Max.</p><p>In terms of design, the iPhone 13 is expected to inherit the ID style of the iPhone 12 series. The mid-frame will still adopt a right-angled design, but the front screen will undergo the biggest change in four years, adopting a brand-new \"small notch\" design. The changes on the back mainly come from the camera module, with the rear dual cameras being arranged diagonally from vertical.</p><p>Research firm DigiTimes Research predicts that global smartphone shipments will reach 1.32 billion units in 2021, a year-on-year increase of 6.4%. Among them, 5G phones will account for 500 million to 530 million units, representing a year-on-year increase of 70% to 80%.</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/tech/2021-06-28/doc-ikqciyzk2419037.shtml\">新浪科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/e64b08e46b6eb1bee9b4fcb8733eb9bd","relate_stocks":{"AAPL":"苹果","09086":"华夏纳指-U","03086":"华夏纳指"},"source_url":"https://cj.sina.cn/article/normal_detail?url=https://finance.sina.com.cn/tech/2021-06-28/doc-ikqciyzk2419037.shtml","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2146831497","content_text":"IPhone13 Pro的3D渲染图曝光\n新浪科技讯 北京时间6月28日晚间消息，据报道，苹果公司用于组装新一代iPhone手机（暂称“iPhone 13”）的部分零部件已经到货，这意味着iPhone 13的上市日期将略早于iPhone 12。\n苹果通常在每年的夏初开始接受组装iPhone所需的零部件，今年也不例外。今日，来自供应链厂商的消息称，iPhone 13的无源元件已经到货。无源元件主要指电阻类、电感类和电容类元件，在电路中无需加电源即可在有信号时工作。\n乾坤科技（Cyntec）是iPhone电源扼流圈的主要供应商。知情人士称，受苹果订单的推动，乾坤科技今年第二季度营收同比有望增长25%以上。第一季度，该公司营收已同比增长30%。\n种种迹象表明，苹果的供应链和生产流程已经从2020年的新冠肺炎疫情中恢复。疫情推迟了2020年的iPhone发布，但iPhone 13的生产似乎已恢复正常。这意味着iPhone 13将于今年9月发布，9月底或10初上市。\n据媒体之前的报道，分析师普遍预计，与iPhone 12一样，iPhone 13也将有4款机型，分别为iPhone 13 mini、iPhone 13、iPhone 13 Pro和iPhone 13 Pro Max。\n设计方面，预计iPhone 13将继承iPhone 12系列的ID风格，中框依然采用直角设计，但是正面屏幕迎来了4年内最大的变化，采用全新的“小刘海”方案。背面的变动主要来自于相机模组，后置双摄由竖置排列改为对角线排列。\n调研机构DigiTimes Research预计，2021年全球智能手机出货量将达到13.2亿部，同比增长6.4%。其中，5G手机将占到5亿部至5.3亿部，同比增长70%至80%。","news_type":1,"symbols_score_info":{"AAPL":0.9,"03086":0.9,"09086":0.9}},"isVote":1,"tweetType":1,"viewCount":5030,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181705573,"gmtCreate":1623410017892,"gmtModify":1704202832140,"author":{"id":"3583906472464545","authorId":"3583906472464545","name":"靖焜","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583906472464545","idStr":"3583906472464545"},"themes":[],"title":"","htmlText":"Tiger is here","listText":"Tiger is here","text":"Tiger is here","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181705573","repostId":"1156453091","repostType":4,"repost":{"id":"1156453091","kind":"news","pubTimestamp":1623333482,"share":"https://ttm.financial/m/news/1156453091?lang=en_US&edition=fundamental","pubTime":"2021-06-10 21:58","market":"us","language":"zh","title":"Learning from history: the deduction and impact of soaring US inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=1156453091","media":"川阅全球宏观","summary":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：。1960年以来美国CPI同比破5%出现了4次(图1)。本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。房租价格走势对未来通胀的演绎有重要影响。","content":"<p>On June 10, 2021, Eastern Time, the U.S. Department of Labor released its May inflation data.<b>The U.S. CPI rose 5.0% year-on-year in May, and the core CPI rose 3.8% year-on-year, marking the largest increase since August 2008. Since the beginning of this year, the U.S. inflation rate has accelerated, and with the Federal Reserve's June interest rate meeting approaching, inflation concerns persist in the market.</b>We reviewed several surges in U.S. inflation throughout history to better understand this inflation and its impact:</p><p><b>Since 1960, the US CPI has exceeded 5% year-on-year four times.</b>(FIG. 1). We conducted a review on the economic fundamentals and Federal Reserve policy during the period when the CPI broke through 4%, 5%, and then declined (Table 1).</p><p><b>1968/06-1971/09</b>The economy fell into recession, but the lingering effects of previous massive government spending and fiscal stimulus remained, inflation continued to rise, and the Federal Reserve tightened monetary policy in 1970 to curb inflation.</p><p><b>1973/03-1982/11：</b>Under the dual impact of the food and oil crises, the US economy has fallen into stagflation, with supply shocks and costs pushing up inflation. Government price controls failed, and monetary policy lacked independence and was too lagging, failing to successfully curb inflation.</p><p><b>1987/08-1991/07：</b>After emerging from stagflation, the U.S. economy experienced rapid growth, but starting in 1987, the economic growth rate slowed down, and upward pressure on wages and prices emerged, prompting the Federal Reserve to tighten monetary policy.</p><p><b>2007/11-2008/09：</b>Soaring oil prices pushed up inflation, and the financial crisis broke out. The Federal Reserve's primary task in monetary policy was to rescue the market, while inflation was not its focus.</p><p><b>The causes of current inflation are quite similar to those of 1973-1982; both are cost-driven.</b></p><p><img src=\"https://static.tigerbbs.com/327f6f12c3af30abee8fa0ae334f9763\" tg-width=\"1006\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ca353ebcbaf95ba1da0b46a815d5f8b\" tg-width=\"1025\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p><p><b>The main reason for this surge in inflation is the base effect and supply shortage under the pandemic.</b>In May of this year, the US CPI recorded 5.0% (the highest level since August 2008), but<b>From the perspective of the CPI index, the compound annual growth rate in May 2021 compared to May 2019 was only 2.5%.</b></p><p><b>Regarding the performance of inflation this year, we are focusing on two sub-sectors: used cars and rents.</b></p><p><b>One of the main drivers of inflation is used cars.</b>As the COVID-19 pandemic worsens in Southeast Asia, chip manufacturers in many regions have shut down, leading to chip shortages and reduced production by automakers. The supply of new cars is insufficient, the demand for used cars has surged, and prices have soared (Figure 2). According to Manheim data, the price increase of used cars exceeded that of new cars in 2021 (Figure 3). In addition, the increase in other transportation-related prices further widened in May, with the increase in transportation service prices expanding from 5.6% in April to 11.2%, more than doubling.</p><p><img src=\"https://static.tigerbbs.com/884ed39a8682a3df05e8411f17f2105c\" tg-width=\"995\" tg-height=\"585\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/599b70f4fadb590d0d7b20254d4b1403\" tg-width=\"1080\" tg-height=\"738\" referrerpolicy=\"no-referrer\"></p><p><b>Rent price trends have a significant impact on the future development of inflation.</b>Rent accounts for a relatively high weight in the US CPI (approximately 30%). Although rent growth is relatively moderate compared to other components (up 2.2% year-on-year in May this year), the growth slope has steepened since the beginning of the year (Figure 4).<b>It is expected that rents will continue to rise moderately in the future due to supply shortages.</b>。</p><p><img src=\"https://static.tigerbbs.com/869c4f313152d3a14769097f150fb674\" tg-width=\"1021\" tg-height=\"644\" referrerpolicy=\"no-referrer\"></p><p><b>What is the expected trend of inflation?</b></p><p>From a consumer's perspective, Michigan's expected inflation rate data shows that 2<b>In May 2021, U.S. consumers' five-year inflation expectations jumped to 3.0% from 2.7% the previous month (Figure 5), but were still below the 3.5% that the Federal Reserve could tolerate.</b></p><p>From a policymaker's perspective, as mentioned in our previous report, the Federal Reserve focuses on monitoring inflation expectations, with key indicators being:<b>The Common Inflation Expectations Index (CIE), which is quarterly data, is expected to be released by the end of this month for the second quarter of 2021.</b></p><p><img src=\"https://static.tigerbbs.com/21708bec0c792eb9299eda62ba3cd077\" tg-width=\"1080\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p><p><b>How will inflation affect asset prices in the future?</b></p><p>We conducted a review on the changes in the yields of the US dollar, US stocks, and US Treasury bonds over different time periods after the CPI broke through 4% in the four major inflationary events mentioned above (Table 2):<b>Inflation has a negative impact on the US dollar and US stocks; the former is relatively lagging behind, while the latter becomes apparent within a month.</b>Interestingly, the impact of inflation on US Treasury yields is irregular. For a research framework on US Treasury yields, please refer to our previous report.</p><p><img src=\"https://static.tigerbbs.com/037d9e565ff952b13c942386e8d08506\" tg-width=\"1059\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p><p><b>Risk Warning:</b>The Federal Reserve tightened monetary policy too quickly, exacerbating geopolitical risks.</p><p><hr>Congratulations on finding the letter E! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)</p><p><img src=\"https://static.tigerbbs.com/b519142d901e1ef1ff2a2e443798687b\" tg-width=\"214\" tg-height=\"286\"></p>","source":"lsy1582083733592","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>Learning from history: the deduction and impact of soaring US inflation</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\">\nLearning from history: the deduction and impact of soaring US inflation\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">川阅全球宏观</strong><span class=\"h-time small\">2021-06-10 21:58</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On June 10, 2021, Eastern Time, the U.S. Department of Labor released its May inflation data.<b>The U.S. CPI rose 5.0% year-on-year in May, and the core CPI rose 3.8% year-on-year, marking the largest increase since August 2008. Since the beginning of this year, the U.S. inflation rate has accelerated, and with the Federal Reserve's June interest rate meeting approaching, inflation concerns persist in the market.</b>We reviewed several surges in U.S. inflation throughout history to better understand this inflation and its impact:</p><p><b>Since 1960, the US CPI has exceeded 5% year-on-year four times.</b>(FIG. 1). We conducted a review on the economic fundamentals and Federal Reserve policy during the period when the CPI broke through 4%, 5%, and then declined (Table 1).</p><p><b>1968/06-1971/09</b>The economy fell into recession, but the lingering effects of previous massive government spending and fiscal stimulus remained, inflation continued to rise, and the Federal Reserve tightened monetary policy in 1970 to curb inflation.</p><p><b>1973/03-1982/11：</b>Under the dual impact of the food and oil crises, the US economy has fallen into stagflation, with supply shocks and costs pushing up inflation. Government price controls failed, and monetary policy lacked independence and was too lagging, failing to successfully curb inflation.</p><p><b>1987/08-1991/07：</b>After emerging from stagflation, the U.S. economy experienced rapid growth, but starting in 1987, the economic growth rate slowed down, and upward pressure on wages and prices emerged, prompting the Federal Reserve to tighten monetary policy.</p><p><b>2007/11-2008/09：</b>Soaring oil prices pushed up inflation, and the financial crisis broke out. The Federal Reserve's primary task in monetary policy was to rescue the market, while inflation was not its focus.</p><p><b>The causes of current inflation are quite similar to those of 1973-1982; both are cost-driven.</b></p><p><img src=\"https://static.tigerbbs.com/327f6f12c3af30abee8fa0ae334f9763\" tg-width=\"1006\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ca353ebcbaf95ba1da0b46a815d5f8b\" tg-width=\"1025\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p><p><b>The main reason for this surge in inflation is the base effect and supply shortage under the pandemic.</b>In May of this year, the US CPI recorded 5.0% (the highest level since August 2008), but<b>From the perspective of the CPI index, the compound annual growth rate in May 2021 compared to May 2019 was only 2.5%.</b></p><p><b>Regarding the performance of inflation this year, we are focusing on two sub-sectors: used cars and rents.</b></p><p><b>One of the main drivers of inflation is used cars.</b>As the COVID-19 pandemic worsens in Southeast Asia, chip manufacturers in many regions have shut down, leading to chip shortages and reduced production by automakers. The supply of new cars is insufficient, the demand for used cars has surged, and prices have soared (Figure 2). According to Manheim data, the price increase of used cars exceeded that of new cars in 2021 (Figure 3). In addition, the increase in other transportation-related prices further widened in May, with the increase in transportation service prices expanding from 5.6% in April to 11.2%, more than doubling.</p><p><img src=\"https://static.tigerbbs.com/884ed39a8682a3df05e8411f17f2105c\" tg-width=\"995\" tg-height=\"585\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/599b70f4fadb590d0d7b20254d4b1403\" tg-width=\"1080\" tg-height=\"738\" referrerpolicy=\"no-referrer\"></p><p><b>Rent price trends have a significant impact on the future development of inflation.</b>Rent accounts for a relatively high weight in the US CPI (approximately 30%). Although rent growth is relatively moderate compared to other components (up 2.2% year-on-year in May this year), the growth slope has steepened since the beginning of the year (Figure 4).<b>It is expected that rents will continue to rise moderately in the future due to supply shortages.</b>。</p><p><img src=\"https://static.tigerbbs.com/869c4f313152d3a14769097f150fb674\" tg-width=\"1021\" tg-height=\"644\" referrerpolicy=\"no-referrer\"></p><p><b>What is the expected trend of inflation?</b></p><p>From a consumer's perspective, Michigan's expected inflation rate data shows that 2<b>In May 2021, U.S. consumers' five-year inflation expectations jumped to 3.0% from 2.7% the previous month (Figure 5), but were still below the 3.5% that the Federal Reserve could tolerate.</b></p><p>From a policymaker's perspective, as mentioned in our previous report, the Federal Reserve focuses on monitoring inflation expectations, with key indicators being:<b>The Common Inflation Expectations Index (CIE), which is quarterly data, is expected to be released by the end of this month for the second quarter of 2021.</b></p><p><img src=\"https://static.tigerbbs.com/21708bec0c792eb9299eda62ba3cd077\" tg-width=\"1080\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p><p><b>How will inflation affect asset prices in the future?</b></p><p>We conducted a review on the changes in the yields of the US dollar, US stocks, and US Treasury bonds over different time periods after the CPI broke through 4% in the four major inflationary events mentioned above (Table 2):<b>Inflation has a negative impact on the US dollar and US stocks; the former is relatively lagging behind, while the latter becomes apparent within a month.</b>Interestingly, the impact of inflation on US Treasury yields is irregular. For a research framework on US Treasury yields, please refer to our previous report.</p><p><img src=\"https://static.tigerbbs.com/037d9e565ff952b13c942386e8d08506\" tg-width=\"1059\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p><p><b>Risk Warning:</b>The Federal Reserve tightened monetary policy too quickly, exacerbating geopolitical risks.</p><p><hr>Congratulations on finding the letter E! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)</p><p><img src=\"https://static.tigerbbs.com/b519142d901e1ef1ff2a2e443798687b\" tg-width=\"214\" tg-height=\"286\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.zhitongcaijing.com/content/detail/492521.html\">川阅全球宏观</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/93c3dba7c4b0e443e40fe6df5639434d","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.zhitongcaijing.com/content/detail/492521.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156453091","content_text":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：\n1960年以来美国CPI同比破5%出现了4次(图1)。我们对CPI破4%、破5%至回落期间的经济基本面和美联储政策进行了复盘(表1)。\n1968/06-1971/09：经济陷入衰退，但前期大幅政府开支与财政刺激的余温仍在，通胀持续上升，美联储在1970年收紧货币政策以抑制通胀。\n1973/03-1982/11：粮食危机和石油危机的双重打击下，美国经济陷入滞胀，供给冲击与成本推升通胀。政府价格管制失败，货币政策缺乏独立性并且过于滞后，未能成功抑制通胀。\n1987/08-1991/07：走出滞胀后，美国经济经历了高速增长，但1987年开始经济增速放缓，并出现工资和价格上涨压力，美联储收紧货币政策。\n2007/11-2008/09：油价飙升推升通胀，金融危机爆发，美联储货币政策的首要任务在于救市，通胀不在其重点关注范围内。\n当前的通胀和1973-1982年通胀的成因较为相似，均为成本推动。\n\n本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。今年5月美国CPI录得5.0%(为2008年8月以来的最高水平)，但是从CPI指数角度，2021年5月相对于2019年5月的复合增速仅为2.5%。\n对于今年通胀的演绎，我们重点关注二手车和房租两个分项。\n通胀的主要推力之一为二手车。东南亚疫情恶化下多地芯片厂停工，芯片短缺导致车企减产。新车供应不足，二手车需求剧增，价格飙升(图2)。根据Manheim数据，2021年二手车售价增幅超越新车(图3)。此外，5月其他交通相关的价格涨幅进一步扩大，交通服务价格增幅从4月的5.6%扩大至11.2%，增幅翻倍。\n\n房租价格走势对未来通胀的演绎有重要影响。美国CPI中房租的权重较高(约30%)，尽管相对于其它分项，房租的增速相对温和(今年5月同比增2.2%)，但年初以来增速斜率陡峭化(图4)，我们预计受到供给短缺的影响，未来房租将会持续温和地上升。\n\n通胀预期走势如何?\n从消费者的角度，密西根预期通胀率数据显示，2021年5月美国消费者5年通胀预期从上月的2.7%跳升至3.0%(图5)，但是仍然低于美联储可以容忍的3.5%。\n从政策制定者角度，如我们此前报告所述，美联储注重通胀预期的监测，关键指标为共同通胀预期指数(CIE)，CIE为季度数据，预计2021年二季度的数据将于本月底公布。\n\n未来通胀将会怎样影响资产价格?\n我们复盘了上述四次大通胀中，CPI破4%后不同时间区间内美元、美股和美债收益率的变化(表2)：通胀对于美元、美股存在负面影响，前者较为滞后，后者1个月内即有体现。有趣的是，通胀对于美债收益率的影响不具规律性，关于美债的研究框架，请参考我们此前的报告。\n\n风险提示：美联储过快收紧货币政策，地缘政治风险加剧\n\n恭喜您找到了字母E，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击【七周年有奖活动】老虎大搜查 了解）","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":4898,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181583976,"gmtCreate":1623401588095,"gmtModify":1704202610111,"author":{"id":"3583906472464545","authorId":"3583906472464545","name":"靖焜","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583906472464545","idStr":"3583906472464545"},"themes":[],"title":"","htmlText":"Tiger is here","listText":"Tiger is here","text":"Tiger is here","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181583976","repostId":"1156453091","repostType":4,"repost":{"id":"1156453091","kind":"news","pubTimestamp":1623333482,"share":"https://ttm.financial/m/news/1156453091?lang=en_US&edition=fundamental","pubTime":"2021-06-10 21:58","market":"us","language":"zh","title":"Learning from history: the deduction and impact of soaring US inflation","url":"https://stock-news.laohu8.com/highlight/detail?id=1156453091","media":"川阅全球宏观","summary":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：。1960年以来美国CPI同比破5%出现了4次(图1)。本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。房租价格走势对未来通胀的演绎有重要影响。","content":"<p>On June 10, 2021, Eastern Time, the U.S. Department of Labor released its May inflation data.<b>The U.S. CPI rose 5.0% year-on-year in May, and the core CPI rose 3.8% year-on-year, marking the largest increase since August 2008. Since the beginning of this year, the U.S. inflation rate has accelerated, and with the Federal Reserve's June interest rate meeting approaching, inflation concerns persist in the market.</b>We reviewed several surges in U.S. inflation throughout history to better understand this inflation and its impact:</p><p><b>Since 1960, the US CPI has exceeded 5% year-on-year four times.</b>(FIG. 1). We conducted a review on the economic fundamentals and Federal Reserve policy during the period when the CPI broke through 4%, 5%, and then declined (Table 1).</p><p><b>1968/06-1971/09</b>The economy fell into recession, but the lingering effects of previous massive government spending and fiscal stimulus remained, inflation continued to rise, and the Federal Reserve tightened monetary policy in 1970 to curb inflation.</p><p><b>1973/03-1982/11：</b>Under the dual impact of the food and oil crises, the US economy has fallen into stagflation, with supply shocks and costs pushing up inflation. Government price controls failed, and monetary policy lacked independence and was too lagging, failing to successfully curb inflation.</p><p><b>1987/08-1991/07：</b>After emerging from stagflation, the U.S. economy experienced rapid growth, but starting in 1987, the economic growth rate slowed down, and upward pressure on wages and prices emerged, prompting the Federal Reserve to tighten monetary policy.</p><p><b>2007/11-2008/09：</b>Soaring oil prices pushed up inflation, and the financial crisis broke out. The Federal Reserve's primary task in monetary policy was to rescue the market, while inflation was not its focus.</p><p><b>The causes of current inflation are quite similar to those of 1973-1982; both are cost-driven.</b></p><p><img src=\"https://static.tigerbbs.com/327f6f12c3af30abee8fa0ae334f9763\" tg-width=\"1006\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ca353ebcbaf95ba1da0b46a815d5f8b\" tg-width=\"1025\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p><p><b>The main reason for this surge in inflation is the base effect and supply shortage under the pandemic.</b>In May of this year, the US CPI recorded 5.0% (the highest level since August 2008), but<b>From the perspective of the CPI index, the compound annual growth rate in May 2021 compared to May 2019 was only 2.5%.</b></p><p><b>Regarding the performance of inflation this year, we are focusing on two sub-sectors: used cars and rents.</b></p><p><b>One of the main drivers of inflation is used cars.</b>As the COVID-19 pandemic worsens in Southeast Asia, chip manufacturers in many regions have shut down, leading to chip shortages and reduced production by automakers. The supply of new cars is insufficient, the demand for used cars has surged, and prices have soared (Figure 2). According to Manheim data, the price increase of used cars exceeded that of new cars in 2021 (Figure 3). In addition, the increase in other transportation-related prices further widened in May, with the increase in transportation service prices expanding from 5.6% in April to 11.2%, more than doubling.</p><p><img src=\"https://static.tigerbbs.com/884ed39a8682a3df05e8411f17f2105c\" tg-width=\"995\" tg-height=\"585\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/599b70f4fadb590d0d7b20254d4b1403\" tg-width=\"1080\" tg-height=\"738\" referrerpolicy=\"no-referrer\"></p><p><b>Rent price trends have a significant impact on the future development of inflation.</b>Rent accounts for a relatively high weight in the US CPI (approximately 30%). Although rent growth is relatively moderate compared to other components (up 2.2% year-on-year in May this year), the growth slope has steepened since the beginning of the year (Figure 4).<b>It is expected that rents will continue to rise moderately in the future due to supply shortages.</b>。</p><p><img src=\"https://static.tigerbbs.com/869c4f313152d3a14769097f150fb674\" tg-width=\"1021\" tg-height=\"644\" referrerpolicy=\"no-referrer\"></p><p><b>What is the expected trend of inflation?</b></p><p>From a consumer's perspective, Michigan's expected inflation rate data shows that 2<b>In May 2021, U.S. consumers' five-year inflation expectations jumped to 3.0% from 2.7% the previous month (Figure 5), but were still below the 3.5% that the Federal Reserve could tolerate.</b></p><p>From a policymaker's perspective, as mentioned in our previous report, the Federal Reserve focuses on monitoring inflation expectations, with key indicators being:<b>The Common Inflation Expectations Index (CIE), which is quarterly data, is expected to be released by the end of this month for the second quarter of 2021.</b></p><p><img src=\"https://static.tigerbbs.com/21708bec0c792eb9299eda62ba3cd077\" tg-width=\"1080\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p><p><b>How will inflation affect asset prices in the future?</b></p><p>We conducted a review on the changes in the yields of the US dollar, US stocks, and US Treasury bonds over different time periods after the CPI broke through 4% in the four major inflationary events mentioned above (Table 2):<b>Inflation has a negative impact on the US dollar and US stocks; the former is relatively lagging behind, while the latter becomes apparent within a month.</b>Interestingly, the impact of inflation on US Treasury yields is irregular. For a research framework on US Treasury yields, please refer to our previous report.</p><p><img src=\"https://static.tigerbbs.com/037d9e565ff952b13c942386e8d08506\" tg-width=\"1059\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p><p><b>Risk Warning:</b>The Federal Reserve tightened monetary policy too quickly, exacerbating geopolitical risks.</p><p><hr>Congratulations on finding the letter E! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)</p><p><img src=\"https://static.tigerbbs.com/b519142d901e1ef1ff2a2e443798687b\" tg-width=\"214\" tg-height=\"286\"></p>","source":"lsy1582083733592","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>Learning from history: the deduction and impact of soaring US inflation</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\">\nLearning from history: the deduction and impact of soaring US inflation\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">川阅全球宏观</strong><span class=\"h-time small\">2021-06-10 21:58</span>\n</p>\n</h4>\n</header>\n<article>\n<p>On June 10, 2021, Eastern Time, the U.S. Department of Labor released its May inflation data.<b>The U.S. CPI rose 5.0% year-on-year in May, and the core CPI rose 3.8% year-on-year, marking the largest increase since August 2008. Since the beginning of this year, the U.S. inflation rate has accelerated, and with the Federal Reserve's June interest rate meeting approaching, inflation concerns persist in the market.</b>We reviewed several surges in U.S. inflation throughout history to better understand this inflation and its impact:</p><p><b>Since 1960, the US CPI has exceeded 5% year-on-year four times.</b>(FIG. 1). We conducted a review on the economic fundamentals and Federal Reserve policy during the period when the CPI broke through 4%, 5%, and then declined (Table 1).</p><p><b>1968/06-1971/09</b>The economy fell into recession, but the lingering effects of previous massive government spending and fiscal stimulus remained, inflation continued to rise, and the Federal Reserve tightened monetary policy in 1970 to curb inflation.</p><p><b>1973/03-1982/11：</b>Under the dual impact of the food and oil crises, the US economy has fallen into stagflation, with supply shocks and costs pushing up inflation. Government price controls failed, and monetary policy lacked independence and was too lagging, failing to successfully curb inflation.</p><p><b>1987/08-1991/07：</b>After emerging from stagflation, the U.S. economy experienced rapid growth, but starting in 1987, the economic growth rate slowed down, and upward pressure on wages and prices emerged, prompting the Federal Reserve to tighten monetary policy.</p><p><b>2007/11-2008/09：</b>Soaring oil prices pushed up inflation, and the financial crisis broke out. The Federal Reserve's primary task in monetary policy was to rescue the market, while inflation was not its focus.</p><p><b>The causes of current inflation are quite similar to those of 1973-1982; both are cost-driven.</b></p><p><img src=\"https://static.tigerbbs.com/327f6f12c3af30abee8fa0ae334f9763\" tg-width=\"1006\" tg-height=\"611\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/0ca353ebcbaf95ba1da0b46a815d5f8b\" tg-width=\"1025\" tg-height=\"853\" referrerpolicy=\"no-referrer\"></p><p><b>The main reason for this surge in inflation is the base effect and supply shortage under the pandemic.</b>In May of this year, the US CPI recorded 5.0% (the highest level since August 2008), but<b>From the perspective of the CPI index, the compound annual growth rate in May 2021 compared to May 2019 was only 2.5%.</b></p><p><b>Regarding the performance of inflation this year, we are focusing on two sub-sectors: used cars and rents.</b></p><p><b>One of the main drivers of inflation is used cars.</b>As the COVID-19 pandemic worsens in Southeast Asia, chip manufacturers in many regions have shut down, leading to chip shortages and reduced production by automakers. The supply of new cars is insufficient, the demand for used cars has surged, and prices have soared (Figure 2). According to Manheim data, the price increase of used cars exceeded that of new cars in 2021 (Figure 3). In addition, the increase in other transportation-related prices further widened in May, with the increase in transportation service prices expanding from 5.6% in April to 11.2%, more than doubling.</p><p><img src=\"https://static.tigerbbs.com/884ed39a8682a3df05e8411f17f2105c\" tg-width=\"995\" tg-height=\"585\" referrerpolicy=\"no-referrer\"><img src=\"https://static.tigerbbs.com/599b70f4fadb590d0d7b20254d4b1403\" tg-width=\"1080\" tg-height=\"738\" referrerpolicy=\"no-referrer\"></p><p><b>Rent price trends have a significant impact on the future development of inflation.</b>Rent accounts for a relatively high weight in the US CPI (approximately 30%). Although rent growth is relatively moderate compared to other components (up 2.2% year-on-year in May this year), the growth slope has steepened since the beginning of the year (Figure 4).<b>It is expected that rents will continue to rise moderately in the future due to supply shortages.</b>。</p><p><img src=\"https://static.tigerbbs.com/869c4f313152d3a14769097f150fb674\" tg-width=\"1021\" tg-height=\"644\" referrerpolicy=\"no-referrer\"></p><p><b>What is the expected trend of inflation?</b></p><p>From a consumer's perspective, Michigan's expected inflation rate data shows that 2<b>In May 2021, U.S. consumers' five-year inflation expectations jumped to 3.0% from 2.7% the previous month (Figure 5), but were still below the 3.5% that the Federal Reserve could tolerate.</b></p><p>From a policymaker's perspective, as mentioned in our previous report, the Federal Reserve focuses on monitoring inflation expectations, with key indicators being:<b>The Common Inflation Expectations Index (CIE), which is quarterly data, is expected to be released by the end of this month for the second quarter of 2021.</b></p><p><img src=\"https://static.tigerbbs.com/21708bec0c792eb9299eda62ba3cd077\" tg-width=\"1080\" tg-height=\"666\" referrerpolicy=\"no-referrer\"></p><p><b>How will inflation affect asset prices in the future?</b></p><p>We conducted a review on the changes in the yields of the US dollar, US stocks, and US Treasury bonds over different time periods after the CPI broke through 4% in the four major inflationary events mentioned above (Table 2):<b>Inflation has a negative impact on the US dollar and US stocks; the former is relatively lagging behind, while the latter becomes apparent within a month.</b>Interestingly, the impact of inflation on US Treasury yields is irregular. For a research framework on US Treasury yields, please refer to our previous report.</p><p><img src=\"https://static.tigerbbs.com/037d9e565ff952b13c942386e8d08506\" tg-width=\"1059\" tg-height=\"599\" referrerpolicy=\"no-referrer\"></p><p><b>Risk Warning:</b>The Federal Reserve tightened monetary policy too quickly, exacerbating geopolitical risks.</p><p><hr>Congratulations on finding the letter E! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)</p><p><img src=\"https://static.tigerbbs.com/b519142d901e1ef1ff2a2e443798687b\" tg-width=\"214\" tg-height=\"286\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://www.zhitongcaijing.com/content/detail/492521.html\">川阅全球宏观</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/93c3dba7c4b0e443e40fe6df5639434d","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://www.zhitongcaijing.com/content/detail/492521.html","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1156453091","content_text":"美国东部时间2021年6月10日，美国劳工部发布5月通胀数据。美国5月CPI同比升5.0%、核心CPI同比升3.8%，创2008年8月以来最大增幅。今年年初以来，美国通胀率加速上升，美联储6月议息会议在即，市场上通胀担忧挥之不去。我们回顾了历史上美国通胀的几次飙升，以便更好地理解本次的通胀及其影响：\n1960年以来美国CPI同比破5%出现了4次(图1)。我们对CPI破4%、破5%至回落期间的经济基本面和美联储政策进行了复盘(表1)。\n1968/06-1971/09：经济陷入衰退，但前期大幅政府开支与财政刺激的余温仍在，通胀持续上升，美联储在1970年收紧货币政策以抑制通胀。\n1973/03-1982/11：粮食危机和石油危机的双重打击下，美国经济陷入滞胀，供给冲击与成本推升通胀。政府价格管制失败，货币政策缺乏独立性并且过于滞后，未能成功抑制通胀。\n1987/08-1991/07：走出滞胀后，美国经济经历了高速增长，但1987年开始经济增速放缓，并出现工资和价格上涨压力，美联储收紧货币政策。\n2007/11-2008/09：油价飙升推升通胀，金融危机爆发，美联储货币政策的首要任务在于救市，通胀不在其重点关注范围内。\n当前的通胀和1973-1982年通胀的成因较为相似，均为成本推动。\n\n本次通胀飙升的主要原因在于疫情下的基数效应和供给短缺。今年5月美国CPI录得5.0%(为2008年8月以来的最高水平)，但是从CPI指数角度，2021年5月相对于2019年5月的复合增速仅为2.5%。\n对于今年通胀的演绎，我们重点关注二手车和房租两个分项。\n通胀的主要推力之一为二手车。东南亚疫情恶化下多地芯片厂停工，芯片短缺导致车企减产。新车供应不足，二手车需求剧增，价格飙升(图2)。根据Manheim数据，2021年二手车售价增幅超越新车(图3)。此外，5月其他交通相关的价格涨幅进一步扩大，交通服务价格增幅从4月的5.6%扩大至11.2%，增幅翻倍。\n\n房租价格走势对未来通胀的演绎有重要影响。美国CPI中房租的权重较高(约30%)，尽管相对于其它分项，房租的增速相对温和(今年5月同比增2.2%)，但年初以来增速斜率陡峭化(图4)，我们预计受到供给短缺的影响，未来房租将会持续温和地上升。\n\n通胀预期走势如何?\n从消费者的角度，密西根预期通胀率数据显示，2021年5月美国消费者5年通胀预期从上月的2.7%跳升至3.0%(图5)，但是仍然低于美联储可以容忍的3.5%。\n从政策制定者角度，如我们此前报告所述，美联储注重通胀预期的监测，关键指标为共同通胀预期指数(CIE)，CIE为季度数据，预计2021年二季度的数据将于本月底公布。\n\n未来通胀将会怎样影响资产价格?\n我们复盘了上述四次大通胀中，CPI破4%后不同时间区间内美元、美股和美债收益率的变化(表2)：通胀对于美元、美股存在负面影响，前者较为滞后，后者1个月内即有体现。有趣的是，通胀对于美债收益率的影响不具规律性，关于美债的研究框架，请参考我们此前的报告。\n\n风险提示：美联储过快收紧货币政策，地缘政治风险加剧\n\n恭喜您找到了字母E，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击【七周年有奖活动】老虎大搜查 了解）","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":4490,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181580920,"gmtCreate":1623401524060,"gmtModify":1704202608000,"author":{"id":"3583906472464545","authorId":"3583906472464545","name":"靖焜","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3583906472464545","idStr":"3583906472464545"},"themes":[],"title":"","htmlText":"Tiger is here","listText":"Tiger is here","text":"Tiger is here","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181580920","repostId":"1140839418","repostType":4,"repost":{"id":"1140839418","kind":"news","pubTimestamp":1623382205,"share":"https://ttm.financial/m/news/1140839418?lang=en_US&edition=fundamental","pubTime":"2021-06-11 11:30","market":"us","language":"zh","title":"One chart to understand Didi's prospectus: Spread across 15 countries, averaging 41 million orders per day.","url":"https://stock-news.laohu8.com/highlight/detail?id=1140839418","media":"腾讯科技","summary":"6月11日消息，美国当地时间周四，$滴滴出行 $的运营主体小桔快智向美国证券交易委员会提交了IPO招股书，计划在纳斯达克股票市场或纽约证券交易所挂牌上市，股票代码为“DIDI”。根据滴滴披露的数据显示，目前滴滴已经在15个国家的4000多个城市和地区开通业务，年活跃用户数量4.93亿，年活跃司机数量1500万，日均单量4100万，年平台交易总额3410亿元，2018年至2021年Q1累计司机收入6000+亿元。","content":"<p>June 11 news, Thursday local time in the United States,<a href=\"https://laohu8.com/S/DIDI\">Didi Chuxing</a>Xiaoju Kuaizhi, the operator of the company, has filed an IPO prospectus with the U.S. Securities and Exchange Commission (SEC), planning to list on the Nasdaq stock market or the New York Stock Exchange under the ticker symbol \"DIDI\".</p><p>According to data disclosed by Didi, Didi currently operates in more than 4,000 cities and regions in 15 countries, with 493 million annual active users, 15 million annual active drivers, an average daily order volume of 41 million, an annual platform transaction volume of 341 billion yuan, and a cumulative driver revenue of over 600 billion yuan from 2018 to Q1 2021.</p><p><img src=\"https://static.tigerbbs.com/2a935c6b681f2f3744604b5596e29cac\" tg-width=\"2100\" tg-height=\"13686\"></p><p><hr>Congratulations on finding the letter I! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)<img src=\"https://static.tigerbbs.com/ba72fe98df37f49a4d31b0a0684a03aa\" tg-width=\"214\" tg-height=\"286\"></p>","source":"txkj","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>One chart to understand Didi's prospectus: Spread across 15 countries, averaging 41 million orders per day.</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\">\nOne chart to understand Didi's prospectus: Spread across 15 countries, averaging 41 million orders per day.\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">腾讯科技</strong><span class=\"h-time small\">2021-06-11 11:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p>June 11 news, Thursday local time in the United States,<a href=\"https://laohu8.com/S/DIDI\">Didi Chuxing</a>Xiaoju Kuaizhi, the operator of the company, has filed an IPO prospectus with the U.S. Securities and Exchange Commission (SEC), planning to list on the Nasdaq stock market or the New York Stock Exchange under the ticker symbol \"DIDI\".</p><p>According to data disclosed by Didi, Didi currently operates in more than 4,000 cities and regions in 15 countries, with 493 million annual active users, 15 million annual active drivers, an average daily order volume of 41 million, an annual platform transaction volume of 341 billion yuan, and a cumulative driver revenue of over 600 billion yuan from 2018 to Q1 2021.</p><p><img src=\"https://static.tigerbbs.com/2a935c6b681f2f3744604b5596e29cac\" tg-width=\"2100\" tg-height=\"13686\"></p><p><hr>Congratulations on finding the letter I! Participate in the \"Tiger Search\" event. Leave a comment below saying \"Tiger is here\" to receive 100 Tiger Coins. If you collect all 7 pictures and leave a comment, you will also receive a 7th anniversary limited edition gift box. (Click for details)<a href=\"https://laohu8.com/TW/181890541\" target=\"_blank\">[7th Anniversary Prize Giveaway] Tiger Search</a>understand)<img src=\"https://static.tigerbbs.com/ba72fe98df37f49a4d31b0a0684a03aa\" tg-width=\"214\" tg-height=\"286\"></p>\n<div class=\"bt-text\">\n\n\n<p> source：<a href=\"https://new.qq.com/rain/a/20210611A02NC800\">腾讯科技</a></p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/b9f14473f3e986de32cc80f6fd80b679","relate_stocks":{"DIDI":"滴滴(已退市)"},"source_url":"https://new.qq.com/rain/a/20210611A02NC800","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140839418","content_text":"6月11日消息，美国当地时间周四，滴滴出行的运营主体小桔快智向美国证券交易委员会（SEC）提交了IPO招股书，计划在纳斯达克股票市场或纽约证券交易所挂牌上市，股票代码为“DIDI”。\n根据滴滴披露的数据显示，目前滴滴已经在15个国家的4000多个城市和地区开通业务，年活跃用户数量4.93亿，年活跃司机数量1500万，日均单量4100万，年平台交易总额3410亿元，2018年至2021年Q1累计司机收入6000+亿元。\n\n\n恭喜您找到了字母I，参与《老虎大搜查》活动，下帖留言“ Tiger is here” 即可获赠100虎币，如集齐7张图片并留言，还可获赠7周年限定礼盒。（详情请点击【七周年有奖活动】老虎大搜查 了解）","news_type":1,"symbols_score_info":{"DIDI":0.9}},"isVote":1,"tweetType":1,"viewCount":4571,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}