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2021-07-13

A good reminder of lessons to be learnt from dotcom bubble.

‘This feels like 1999’: Global start-up funding frenzy fuels fears of a bubble

2021-07-07

Which stock is better- xpeng or byd?

Chinese EV maker Xpeng loses steam in HK debut; smaller newcomer Chaoju Eye shines

2021-07-05

Would like to know what kind of event will trigger the bitcoin price to drop to $20K level.

Sorry, the original content has been removed

2021-07-03

Can believe the jobs data?

Sorry, the original content has been removed

2021-07-02

Does anyone here think Fed will raise rates sooner than late 2022?

Fed Likely Needs to Raise Rates as Soon as Late 2022, IMF Says

2021-06-29

Hope the various govts have learnt not to repeat the same mistakes in dealing with delta variant.

China stocks end lower as virus cases threaten global recovery

Go to Tiger App to see more news

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charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>‘This feels like 1999’: Global start-up funding frenzy fuels fears of a bubble</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n‘This feels like 1999’: Global start-up funding frenzy fuels fears of a bubble\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-13 17:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/13/startup-funding-vc-dotcom-bubble.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In March last year, a top venture capital firm described Covid-19 as the \"black swan of 2020.\"\n\"Private financings could soften significantly, as happened in 2001 and 2009,\" Sequoia Capital told ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/13/startup-funding-vc-dotcom-bubble.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index","ZM":"Zoom"},"source_url":"https://www.cnbc.com/2021/07/13/startup-funding-vc-dotcom-bubble.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1156380405","content_text":"In March last year, a top venture capital firm described Covid-19 as the \"black swan of 2020.\"\n\"Private financings could soften significantly, as happened in 2001 and 2009,\" Sequoia Capital told portfolio company founders and CEOs in a memo reminiscent of its \"R.I.P. Good Times\" presentation in the 2008 crisis.\nFast forward to July 2021, and tech investors are writing bigger checks than ever. According to CB Insights, start-ups have raised $292.4 billion globally so far this year, on track to beat the $302.6 billion raised throughout 2020.\nThe number of so-called \"mega rounds\" — massive, $100 million-plus venture deals — has climbed to 751 in 2021 year-to-date, already beating the 665 mega rounds that were raised last year.\n\"This feels a lot like 1999 to me,\" Hussein Kanji, a partner at U.K. venture capital firm Hoxton Ventures, told CNBC. \"You had so much supply, so much enthusiasm.\"\n\"There was an era where if you put dot-com in your name, your public market stock would go up,\" he added. \"There was so much enthusiasm for catching the next big thing.\"\n\nDot-com companies were all the rage on Wall Street in the late 1990s, amid growing adoption of the internet. Speculative investing fueled a 400% climb in theNasdaq Compositestock market index between 1995 and 2000. By October 2002, it had plunged almost 80% from its peak.\nIn the past five years, the Nasdaq has nearly tripled, with the market values of several large-cap tech stocks, includingAmazon,GoogleandFacebook, crossing the $1 trillion mark.MicrosoftandAppleare currently worth more than $2 trillion.\nNow, skyrocketing valuations of private tech firms are causing concern for some investors. U.S. payments processor Stripe wasvalued at a whopping $95 billionin March, illustrating the growing trend of start-ups staying private for longer.\nA record 249 firms achieved $1 billion \"unicorn\" valuations in the first half of 2021, according to CB Insights, almost double the number of unicorns produced during the course of last year.\n\n\"It's a great time to fundraise as an entrepreneur,\" Andrei Brasoveanu, partner at venture capital firm Accel, told CNBC. \"The quality of companies and the speed at which these companies grow is just unprecedented.\"\nThe 'FOMO' factor\nTiger Global, a hedge fund known for its bets on pre-IPO tech companies, has gained a much larger presence in venture capital lately. Meanwhile, Japanese conglomerate SoftBank hasshaken up the world of start-up investingin recent years with its massive Vision Fund.\nThe increased competition in venture dealmaking hasn't gone unnoticed by investors. Private tech valuations are getting \"more and more distant from reality\" due to a \"fear of missing out,\" Hoxton Ventures' Kanji said.\nIana Dimitrova, CEO of U.K. fintech start-up OpenPayd, said her firm is in the process of raising money. \"We have investors saying, 'You're asking too small a ticket, we only write $100 million-plus tickets,'\" Dimitrova told CNBC.\nSome investors have \"very limited understanding\" of OpenPayd's software, which lets other companies offer financial services, but are making offers \"simply because it's now the space to be in.\"\nFintech companies represented 22% of global venture funding in the second quarter, according to CB Insights.\n\"Investors are increasingly writing higher and higher checks,\" Dimitrova continued. \"Frankly, I see that as detrimental to the long-term sustainability of our industry because businesses are not focused on generating value, they're focused on burning and deploying cash.\"\nA low interest rate environment has led to a huge amount of \"dry powder\" being deployed in risky venture bets, she added.\nEurope's tech boom\nThere are a number of differences between today and the dot-com bubble of 1999, according to Kanji. For one, the bubble of '99 was driven far more by \"hype\" than fundamentals, he said, whereas now \"the markets are there and the companies are there.\"\nAnother trend is \"bootstrapped\" firms which raised no external investment before announcing sizable first funding rounds. U.S. software firm Articulate, which was founded in 2002,announceda $1.5 billion Series A round at the start of July.\nMeanwhile, though Europe has long lagged behind America and China on tech, the continent has seen a significant increase in start-up investment. Europe saw huge growth in venture investment this year, whereas funding to China-based companies declined.\n\"This whole remote work trend has accelerated digital transformation, and has also brought European companies access to global markets,\" Brasoveanu said. \"You can sell on Zoom just as well from Romania as you would in New York.\"\nStart-ups in Europe raised nearly $50 billion in the first six months of 2021,surpassingthe $38 billion raised by firms in the continent in all of 2020, according to Factset. A number of European tech companies have seen their valuations climb to the tens of billions, including Swedish battery makerNorthvolt, buy-now-pay-later providerKlarnaand German enterprise software start-upCelonis.\nA number of European start-ups hit unicorn valuation in record time over the past year. Earlier this year,online grocery app Gorillasbecame the fastest company in Europe to reach unicorn status, beating a record previously set byonline events company Hopinin 2020.\nThe frenzy of private capital raising in tech has led to a growing pipeline of companies that look set to go public. The U.S. saw a flurry of major tech listings over the past year, includingAirbnbandCoinbase, while Britain last week hosted one of the biggest European floats of 2021 with theblockbuster direct listingof fintech firmWise.\nAnd the special purpose acquisition company, orSPAC, phenomenon has provided another alternative for high-growth firms thinking of making their public market debut. U.K. health tech firm Babylon, for example, is set to list through a merger with a blank-check company later this year.","news_type":1},"isVote":1,"tweetType":1,"viewCount":281,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140314504,"gmtCreate":1625629187308,"gmtModify":1703745266136,"author":{"id":"3584225860430865","authorId":"3584225860430865","name":"Jwong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Which stock is better- xpeng or byd?&nbsp;","listText":"Which stock is better- xpeng or byd?&nbsp;","text":"Which stock is better- xpeng or byd?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/140314504","repostId":"2149360674","repostType":4,"repost":{"id":"2149360674","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1625626744,"share":"https://www.laohu8.com/m/news/2149360674?lang=&edition=full","pubTime":"2021-07-07 10:59","market":"us","language":"en","title":"Chinese EV maker Xpeng loses steam in HK debut; smaller newcomer Chaoju Eye shines","url":"https://stock-news.laohu8.com/highlight/detail?id=2149360674","media":"Reuters","summary":"Shares of Chinese electric vehicle $(EV)$ maker Xpeng Inc trade as low as HK$159.30, down 3.5% from ","content":"<p>Shares of Chinese electric vehicle <a href=\"https://laohu8.com/S/EV\">$(EV)$</a> maker Xpeng Inc&nbsp;trade as low as HK$159.30, down 3.5% from the offer price of HK$165 apiece in the company's dual primary listing debut in Hong Kong</p>\n<p>Stock loses steam after climbing as much as 2.1% to HK$168.50; among the 30 most actively trade by turnover</p>\n<p>Xpeng's New York-listed American Depository Shares <a href=\"https://laohu8.com/S/ADS\">$(ADS)$</a> were up 0.7% late on Tuesday at $44.05 each. One ADS is equivalent to two Hong Kong shares</p>\n<p>Xpeng, which on Wednesday raised $1.8 bln by selling 85 mln shares in Hong Kong listing, will develop future models based on product platforms designed for international markets, its chief executive said</p>\n<p>Smaller newcomer Chaoju Eye Care Holdings shines in trading debut, with shares rising to HK$14.46, up 36.4% from the IPO price of HK$10.60 apiece</p>\n<p>The Beijing-based eye hospitals and optical centres operator sold 170.9 mln shares in IPO, raising HK$1.81 bln ($233 mln) for establishment and acquiring hospitals, upgrading IT systems</p>\n<p>The Hong Kong Hang Seng Commerce &amp; Industry Index slips 0.8%, while healthcare index rises 1.4%</p>\n<p>The Hang Seng China Enterprises Index falls 1.5%, and the benchmark index slides 1%</p>\n<p>($1 = 7.7677 Hong Kong dollars)</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>Chinese EV maker Xpeng loses steam in HK debut; smaller newcomer Chaoju Eye shines</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese EV maker Xpeng loses steam in HK debut; smaller newcomer Chaoju Eye shines\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-07-07 10:59</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Shares of Chinese electric vehicle <a href=\"https://laohu8.com/S/EV\">$(EV)$</a> maker Xpeng Inc&nbsp;trade as low as HK$159.30, down 3.5% from the offer price of HK$165 apiece in the company's dual primary listing debut in Hong Kong</p>\n<p>Stock loses steam after climbing as much as 2.1% to HK$168.50; among the 30 most actively trade by turnover</p>\n<p>Xpeng's New York-listed American Depository Shares <a href=\"https://laohu8.com/S/ADS\">$(ADS)$</a> were up 0.7% late on Tuesday at $44.05 each. One ADS is equivalent to two Hong Kong shares</p>\n<p>Xpeng, which on Wednesday raised $1.8 bln by selling 85 mln shares in Hong Kong listing, will develop future models based on product platforms designed for international markets, its chief executive said</p>\n<p>Smaller newcomer Chaoju Eye Care Holdings shines in trading debut, with shares rising to HK$14.46, up 36.4% from the IPO price of HK$10.60 apiece</p>\n<p>The Beijing-based eye hospitals and optical centres operator sold 170.9 mln shares in IPO, raising HK$1.81 bln ($233 mln) for establishment and acquiring hospitals, upgrading IT systems</p>\n<p>The Hong Kong Hang Seng Commerce &amp; Industry Index slips 0.8%, while healthcare index rises 1.4%</p>\n<p>The Hang Seng China Enterprises Index falls 1.5%, and the benchmark index slides 1%</p>\n<p>($1 = 7.7677 Hong Kong dollars)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"02219":"朝聚眼科","09868":"小鹏汽车-W","XPEV":"小鹏汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2149360674","content_text":"Shares of Chinese electric vehicle $(EV)$ maker Xpeng Inc trade as low as HK$159.30, down 3.5% from the offer price of HK$165 apiece in the company's dual primary listing debut in Hong Kong\nStock loses steam after climbing as much as 2.1% to HK$168.50; among the 30 most actively trade by turnover\nXpeng's New York-listed American Depository Shares $(ADS)$ were up 0.7% late on Tuesday at $44.05 each. One ADS is equivalent to two Hong Kong shares\nXpeng, which on Wednesday raised $1.8 bln by selling 85 mln shares in Hong Kong listing, will develop future models based on product platforms designed for international markets, its chief executive said\nSmaller newcomer Chaoju Eye Care Holdings shines in trading debut, with shares rising to HK$14.46, up 36.4% from the IPO price of HK$10.60 apiece\nThe Beijing-based eye hospitals and optical centres operator sold 170.9 mln shares in IPO, raising HK$1.81 bln ($233 mln) for establishment and acquiring hospitals, upgrading IT systems\nThe Hong Kong Hang Seng Commerce & Industry Index slips 0.8%, while healthcare index rises 1.4%\nThe Hang Seng China Enterprises Index falls 1.5%, and the benchmark index slides 1%\n($1 = 7.7677 Hong Kong dollars)","news_type":1},"isVote":1,"tweetType":1,"viewCount":183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154376951,"gmtCreate":1625485061273,"gmtModify":1703742518305,"author":{"id":"3584225860430865","authorId":"3584225860430865","name":"Jwong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Would like to know&nbsp;what kind of event will trigger&nbsp;the bitcoin price to drop to $20K level.&nbsp;","listText":"Would like to know&nbsp;what kind of event will trigger&nbsp;the bitcoin price to drop to $20K level.&nbsp;","text":"Would like to know what kind of event will trigger the bitcoin price to drop to $20K level.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/154376951","repostId":"1139574200","repostType":4,"isVote":1,"tweetType":1,"viewCount":535,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":152520791,"gmtCreate":1625315275613,"gmtModify":1703740343632,"author":{"id":"3584225860430865","authorId":"3584225860430865","name":"Jwong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Can believe the jobs data?&nbsp;","listText":"Can believe the jobs data?&nbsp;","text":"Can believe the jobs data?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/152520791","repostId":"1197906560","repostType":4,"isVote":1,"tweetType":1,"viewCount":255,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":156159897,"gmtCreate":1625204446619,"gmtModify":1703738324226,"author":{"id":"3584225860430865","authorId":"3584225860430865","name":"Jwong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Does anyone here think Fed will raise rates sooner&nbsp;than late 2022?","listText":"Does anyone here think Fed will raise rates sooner&nbsp;than late 2022?","text":"Does anyone here think Fed will raise rates sooner than late 2022?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/156159897","repostId":"1161499488","repostType":4,"repost":{"id":"1161499488","pubTimestamp":1625203730,"share":"https://www.laohu8.com/m/news/1161499488?lang=&edition=full","pubTime":"2021-07-02 13:28","market":"us","language":"en","title":"Fed Likely Needs to Raise Rates as Soon as Late 2022, IMF Says","url":"https://stock-news.laohu8.com/highlight/detail?id=1161499488","media":"Bloomberg","summary":"(Bloomberg) -- The Federal Reserve probably will need to begin raising interest rates in late 2022 o","content":"<p>(Bloomberg) -- The Federal Reserve probably will need to begin raising interest rates in late 2022 or early 2023 as increased government spending keeps inflation above its long-run average target, according to the International Monetary Fund.</p>\n<p>The U.S. central bank likely will begin to scale back asset purchases in the first half of 2022, staff from the Washington-based fund said in a statement Thursday following the conclusion of so-called article IV consultations, the IMF’s assessment of countries’ economic and financial developments following meetings with lawmakers and public officials.</p>\n<p>“Managing this transition -- from providing reassurance that monetary policy will continue to deliver powerful support to the economy to preparing for an eventual scaling back of asset purchases and a withdrawal of monetary accommodation -- will require deft communications under a potentially tight timeline,” IMF staff said in the concluding statement.</p>\n<p>The Fed held interest rates near zero at its June 15-16 meeting and signaled it would probably keep them there through next year to help the U.S. economy recover from Covid-19. Officials penciled in two rate hikes for 2023 and seven of the 18 policy makers want to raise rates in 2022, up from four in March.</p>\n<p>Fed Chair Jerome Powell has said that recent steep increases in inflation will prove to be largely transitory due to bottlenecks and that expectations on the whole are where the Fed wants them.</p>\n<p>Inflation Forecasts</p>\n<p>The personal consumption expenditures price gauge that the Fed uses for its inflation target rose 3.9% in May from a year earlier, the most since 2008. The IMF forecasts the increase to be transitory, with the index peaking at 4.3% and dropping to around 2.5% by the end of 2022. That’s still above the Fed’s long-run average target of 2%.</p>\n<p>At its June meeting, the Federal Open Market Committee marked up all its inflation forecasts through the end of 2023, with officials seeing personal consumption expenditures -- their preferred measure of price pressures -- rising 3.4% in 2021 compared with a March projection of 2.4%. They increased the 2022 forecast to 2.1%, and 2.2% for the following year.</p>\n<p>Fund staff estimates that the higher U.S. spending proposed by President Joe Biden in the infrastructure-focused American Jobs Plan and the social-spending-based American Families Plan -- which have yet to pass -- would increase growth in gross domestic product by a cumulative value of about 5.25% from 2022 to 2024.</p>\n<p>The IMF raised its estimate for U.S. economic expansion this year to 7% -- the fastest pace since 1984 -- from a 6.4% forecast in April.</p>\n<p>Lawmakers have release a wave of pandemic-relief funds over the past 15 months to buoy the economy with the $1.9 trillion American Rescue Plan passed in March, a $900 billion package approved in December and the $2 trillion Cares Act of March 2020.</p>\n<p>“The unprecedented fiscal and monetary support, combined with the receding Covid-19 case numbers, should provide a substantial boost to activity in the coming months,” the IMF said. “Savings will be drawn down, demand will return for in-person services, and depleted inventories will be rebuilt.”</p>","source":"lsy1612507957220","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>Fed Likely Needs to Raise Rates as Soon as Late 2022, IMF Says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFed Likely Needs to Raise Rates as Soon as Late 2022, IMF Says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-02 13:28 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/fed-likely-needs-raise-rates-200035658.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- The Federal Reserve probably will need to begin raising interest rates in late 2022 or early 2023 as increased government spending keeps inflation above its long-run average target, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/fed-likely-needs-raise-rates-200035658.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://finance.yahoo.com/news/fed-likely-needs-raise-rates-200035658.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161499488","content_text":"(Bloomberg) -- The Federal Reserve probably will need to begin raising interest rates in late 2022 or early 2023 as increased government spending keeps inflation above its long-run average target, according to the International Monetary Fund.\nThe U.S. central bank likely will begin to scale back asset purchases in the first half of 2022, staff from the Washington-based fund said in a statement Thursday following the conclusion of so-called article IV consultations, the IMF’s assessment of countries’ economic and financial developments following meetings with lawmakers and public officials.\n“Managing this transition -- from providing reassurance that monetary policy will continue to deliver powerful support to the economy to preparing for an eventual scaling back of asset purchases and a withdrawal of monetary accommodation -- will require deft communications under a potentially tight timeline,” IMF staff said in the concluding statement.\nThe Fed held interest rates near zero at its June 15-16 meeting and signaled it would probably keep them there through next year to help the U.S. economy recover from Covid-19. Officials penciled in two rate hikes for 2023 and seven of the 18 policy makers want to raise rates in 2022, up from four in March.\nFed Chair Jerome Powell has said that recent steep increases in inflation will prove to be largely transitory due to bottlenecks and that expectations on the whole are where the Fed wants them.\nInflation Forecasts\nThe personal consumption expenditures price gauge that the Fed uses for its inflation target rose 3.9% in May from a year earlier, the most since 2008. The IMF forecasts the increase to be transitory, with the index peaking at 4.3% and dropping to around 2.5% by the end of 2022. That’s still above the Fed’s long-run average target of 2%.\nAt its June meeting, the Federal Open Market Committee marked up all its inflation forecasts through the end of 2023, with officials seeing personal consumption expenditures -- their preferred measure of price pressures -- rising 3.4% in 2021 compared with a March projection of 2.4%. They increased the 2022 forecast to 2.1%, and 2.2% for the following year.\nFund staff estimates that the higher U.S. spending proposed by President Joe Biden in the infrastructure-focused American Jobs Plan and the social-spending-based American Families Plan -- which have yet to pass -- would increase growth in gross domestic product by a cumulative value of about 5.25% from 2022 to 2024.\nThe IMF raised its estimate for U.S. economic expansion this year to 7% -- the fastest pace since 1984 -- from a 6.4% forecast in April.\nLawmakers have release a wave of pandemic-relief funds over the past 15 months to buoy the economy with the $1.9 trillion American Rescue Plan passed in March, a $900 billion package approved in December and the $2 trillion Cares Act of March 2020.\n“The unprecedented fiscal and monetary support, combined with the receding Covid-19 case numbers, should provide a substantial boost to activity in the coming months,” the IMF said. “Savings will be drawn down, demand will return for in-person services, and depleted inventories will be rebuilt.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":450,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159819825,"gmtCreate":1624954997567,"gmtModify":1703848750555,"author":{"id":"3584225860430865","authorId":"3584225860430865","name":"Jwong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hope the various govts have learnt not to repeat the same mistakes in dealing with delta variant.&nbsp;","listText":"Hope the various govts have learnt not to repeat the same mistakes in dealing with delta variant.&nbsp;","text":"Hope the various govts have learnt not to repeat the same mistakes in dealing with delta variant.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/159819825","repostId":"2147854949","repostType":4,"repost":{"id":"2147854949","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624953169,"share":"https://www.laohu8.com/m/news/2147854949?lang=&edition=full","pubTime":"2021-06-29 15:52","market":"sh","language":"en","title":"China stocks end lower as virus cases threaten global recovery","url":"https://stock-news.laohu8.com/highlight/detail?id=2147854949","media":"Reuters","summary":"SHANGHAI, June 29 (Reuters) - China stocks fell on Tuesday on concerns the infectious Delta virus va","content":"<p>SHANGHAI, June 29 (Reuters) - China stocks fell on Tuesday on concerns the infectious Delta virus variant could assuage global economic recovery, while investors refrained from placing big bets ahead of U.S. jobs data, which could sway the Federal Reserve's policy outlook.</p>\n<p>The blue-chip CSI300 index closed 1.2% lower at 5,190.54, snapping a five-day winning streak, while the Shanghai Composite Index shed 0.9% to 3,573.18.</p>\n<p>Markets are on edge after the Fed shocked traders with a hawkish tilt earlier this month, while investors adopted a wait-and-watch mode ahead of the U.S. June employment report.</p>\n<p>The retreat from riskier assets followed reports of more contagious Delta COVID-19 strain spread in Asia and elsewhere, stoking fears of further lockdowns.</p>\n<p>The CSI300 financials index declined 1.3%, while the CSI300 consumer staples index dropped 1.8%.</p>\n<p>China will make its monetary policy flexible, targeted and appropriate, while keeping interbank liquidity reasonable, the central bank said on Monday, as authorities seek to consolidate a post-COVID-19 economic recovery.</p>\n<p>The country's economy has seen a rebound from the impact of the COVID-19 pandemic, with Chinese exporters racing ahead to fill global demand bolstering the vast industry sector, but the recovery in the consumer end has been weak.</p>\n<p>\"The net injection by the PBOC was to smoothen liquidity across quarters and the PBOC would probably go back to drain short-term liquidity, while large inflows via the Stock Connect are unsustainable against a backdrop of a stronger dollar,\" Yan Kaiwen, an analyst with China Fortune Securities said.</p>\n<p>Shares in China's leading battery maker CATL hit an all-time high before closing 3% higher after the company extended a battery supply deal with Tesla Inc to 2025.</p>\n<p>According to Refinitiv data, investors via the Stock Connect linking mainland and Hong Kong sold net 1.3 billion yuan&nbsp;($201.31 million) worth of A-shares on Tuesday.</p>\n<p>($1 = 6.4578 Chinese yuan)</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>China stocks end lower as virus cases threaten global recovery</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina stocks end lower as virus cases threaten global recovery\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-29 15:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SHANGHAI, June 29 (Reuters) - China stocks fell on Tuesday on concerns the infectious Delta virus variant could assuage global economic recovery, while investors refrained from placing big bets ahead of U.S. jobs data, which could sway the Federal Reserve's policy outlook.</p>\n<p>The blue-chip CSI300 index closed 1.2% lower at 5,190.54, snapping a five-day winning streak, while the Shanghai Composite Index shed 0.9% to 3,573.18.</p>\n<p>Markets are on edge after the Fed shocked traders with a hawkish tilt earlier this month, while investors adopted a wait-and-watch mode ahead of the U.S. June employment report.</p>\n<p>The retreat from riskier assets followed reports of more contagious Delta COVID-19 strain spread in Asia and elsewhere, stoking fears of further lockdowns.</p>\n<p>The CSI300 financials index declined 1.3%, while the CSI300 consumer staples index dropped 1.8%.</p>\n<p>China will make its monetary policy flexible, targeted and appropriate, while keeping interbank liquidity reasonable, the central bank said on Monday, as authorities seek to consolidate a post-COVID-19 economic recovery.</p>\n<p>The country's economy has seen a rebound from the impact of the COVID-19 pandemic, with Chinese exporters racing ahead to fill global demand bolstering the vast industry sector, but the recovery in the consumer end has been weak.</p>\n<p>\"The net injection by the PBOC was to smoothen liquidity across quarters and the PBOC would probably go back to drain short-term liquidity, while large inflows via the Stock Connect are unsustainable against a backdrop of a stronger dollar,\" Yan Kaiwen, an analyst with China Fortune Securities said.</p>\n<p>Shares in China's leading battery maker CATL hit an all-time high before closing 3% higher after the company extended a battery supply deal with Tesla Inc to 2025.</p>\n<p>According to Refinitiv data, investors via the Stock Connect linking mainland and Hong Kong sold net 1.3 billion yuan&nbsp;($201.31 million) worth of A-shares on Tuesday.</p>\n<p>($1 = 6.4578 Chinese yuan)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"399001":"深证成指","399006":"创业板指","000001.SH":"上证指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2147854949","content_text":"SHANGHAI, June 29 (Reuters) - China stocks fell on Tuesday on concerns the infectious Delta virus variant could assuage global economic recovery, while investors refrained from placing big bets ahead of U.S. jobs data, which could sway the Federal Reserve's policy outlook.\nThe blue-chip CSI300 index closed 1.2% lower at 5,190.54, snapping a five-day winning streak, while the Shanghai Composite Index shed 0.9% to 3,573.18.\nMarkets are on edge after the Fed shocked traders with a hawkish tilt earlier this month, while investors adopted a wait-and-watch mode ahead of the U.S. June employment report.\nThe retreat from riskier assets followed reports of more contagious Delta COVID-19 strain spread in Asia and elsewhere, stoking fears of further lockdowns.\nThe CSI300 financials index declined 1.3%, while the CSI300 consumer staples index dropped 1.8%.\nChina will make its monetary policy flexible, targeted and appropriate, while keeping interbank liquidity reasonable, the central bank said on Monday, as authorities seek to consolidate a post-COVID-19 economic recovery.\nThe country's economy has seen a rebound from the impact of the COVID-19 pandemic, with Chinese exporters racing ahead to fill global demand bolstering the vast industry sector, but the recovery in the consumer end has been weak.\n\"The net injection by the PBOC was to smoothen liquidity across quarters and the PBOC would probably go back to drain short-term liquidity, while large inflows via the Stock Connect are unsustainable against a backdrop of a stronger dollar,\" Yan Kaiwen, an analyst with China Fortune Securities said.\nShares in China's leading battery maker CATL hit an all-time high before closing 3% higher after the company extended a battery supply deal with Tesla Inc to 2025.\nAccording to Refinitiv data, investors via the Stock Connect linking mainland and Hong Kong sold net 1.3 billion yuan ($201.31 million) worth of A-shares on Tuesday.\n($1 = 6.4578 Chinese yuan)","news_type":1},"isVote":1,"tweetType":1,"viewCount":257,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":156159897,"gmtCreate":1625204446619,"gmtModify":1703738324226,"author":{"id":"3584225860430865","authorId":"3584225860430865","name":"Jwong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Does anyone here think Fed will raise rates sooner&nbsp;than late 2022?","listText":"Does anyone here think Fed will raise rates sooner&nbsp;than late 2022?","text":"Does anyone here think Fed will raise rates sooner than late 2022?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/156159897","repostId":"1161499488","repostType":4,"isVote":1,"tweetType":1,"viewCount":450,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":152520791,"gmtCreate":1625315275613,"gmtModify":1703740343632,"author":{"id":"3584225860430865","authorId":"3584225860430865","name":"Jwong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Can believe the jobs data?&nbsp;","listText":"Can believe the jobs data?&nbsp;","text":"Can believe the jobs data?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/152520791","repostId":"1197906560","repostType":4,"repost":{"id":"1197906560","pubTimestamp":1625285328,"share":"https://www.laohu8.com/m/news/1197906560?lang=&edition=full","pubTime":"2021-07-03 12:08","market":"us","language":"en","title":"The Jobs Report Was Strong. Why Investors Should Be Skeptical.","url":"https://stock-news.laohu8.com/highlight/detail?id=1197906560","media":"Barron's","summary":"On its face, the June jobs report looksalmost perfect. After months of disappointments, hiring beat ","content":"<p>On its face, the June jobs report looksalmost perfect. After months of disappointments, hiring beat Wall Street’s expectations—with wages rising, but at a cooler pace than the lofty levels of spring.</p>\n<p>One might be tempted to declare the labor shortage over and the inflation debate done. But investors shouldn’t take the bait just yet. While a nonfarm payroll increase of 850,000 is undeniably strong, it belies a labor market still plagued with supply problems.</p>\n<p>First, consider that government hiring rose 193,000 last month. That accounts for the entire headline overshoot versus economists’ expectations. Company payrolls increased 662,000, which would be incredible for normal times. Yet it was still far off the one million mark that economists had anticipated by this point in the recovery, as the economy bursts open and vaccinated consumers spend the trillions of dollars in cash stashed during the pandemic.</p>\n<p>What’s more, private payrolls came in well short of the one million implied by closely watched data from employee-scheduling company Homebase, says Ian Shepherdson of Pantheon Macroeconomics.</p>\n<p>Second, labor-force participation was flat in June despite better hiring. That rate, 61.6%, is still down 1.7 percentage points from its prepandemic level. The employment-population ratio, which Federal Reserve officials have said they are watching, was also unchanged in June; at 58%, it remains 3.1 percentage points below its prepandemic level.</p>\n<p>Third, the slowdown in wage growth is deceiving. The 0.3% increase from May looks like a Goldilocks print—enough to drive continued spending without fueling inflation fears that have been building as shortages from labor to chips to food push prices broadly higher.</p>\n<p>“If anything, this understates the true rate of underlying wage inflation,” says Jefferies chief economist Aneta Markowska of the June wage increase. After adjusting for the return of low-wage leisure, hospitality, and retail workers, average hourly earnings rose by 0.5% in June from May, she says. By that measure, they are up 4.5% from a year earlier. Over the past three months, overall wages are up an annualized 6% as companies chase workers, says Gad Levanon of the Conference Board.</p>\n<p>Further highlighting the fact that hiring is still being held back by supply, not demand: On an annualized basis this year, leisure and hospitality wages are up 12.3%, transportation and warehousing pay is up 8%, and retail wages are up 5.5%.</p>\n<p>So, what’s an investor to make of the June jobs report? Nothing. Which is to say, the latest data do nothing to resolve the biggest questions facing the labor market.</p>\n<p>The degrees to which transitory factors—generous unemployment benefits, child-care issues, and Covid-19 concerns—are capping hiring and driving up wages won’t be clear for months. Schools need to reopen to resolve child-care issues holding back working parents, and enhanced unemployment pay needs to expire before it becomes clear the extent to which such benefits are keeping workers home.</p>\n<p>While about two dozen states either started cutting or are about to cut the extra $300 a week in unemployment insurance ahead of the federal program’s Sept. 6 expiration, Shepherdson notes that 70% of those unemployed won’t be affected by those early terminations. Because the June report does nothing to move the Fed’s needle, it shouldn’t stop the stock market from forging ahead.</p>\n<p>At least for now. “You can’t be unhappy to see an 850,000 payroll print, but it’s nowhere near fast enough,” Shepherdson says, especially given labor demand as evidenced by myriad indicators, help-wanted signs, and company commentary. “The labor-supply problem may fix itself, but it may not,” he says. “The issue really is that we could end up with sustained wage inflation.” Policy makers, however, will punt until they have definitive data—and that won’t be until November.</p>\n<p>All of this means that data between now and the fall are noise. Many economists and investors are expecting the Fed to announce, at the annual Jackson Hole symposium next month, plans to taper its $120 billion in monthly asset purchases.</p>\n<p>Not so fast, Shepherdson says. “This isn’t as linear as markets would like, and it won’t be clear by Jackson Hole,” he says.</p>\n<p>If that’s right—that the Fed won’t have the data they want in time to lay out taper plans until later in the fall—an even longer period of ultraloose monetary policy might be in store. That is assuming there’s time for officials to telegraph plans well ahead of actually starting to withdraw support.</p>\n<p>Therein lies the risk of tuning out the noise, or the employment data, between now and the fall. If the resumption of school and the end to enhanced unemployment benefits don’t bring workers back, it will become clear that structural issues are at play and wage inflation is thus more persistent. As Shepherdson puts it, there is a strong likelihood that the Fed has to raise interest rates in 2022 because there is a good chance people won’t come back into the labor force.</p>\n<p>Investors should continue to enjoythe stock market gains. But they should also be careful. Waiting for definitive data to show whether the labor shortage is more than transitory means policy makers might have to act sooner and faster than it would seem—especially if deceivingly balanced reports like June’s dot the next few months.</p>","source":"lsy1610680873436","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The Jobs Report Was Strong. Why Investors Should Be Skeptical.</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe Jobs Report Was Strong. Why Investors Should Be Skeptical.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-03 12:08 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/jobs-report-investors-should-be-skeptical-51625267210?mod=hp_LEAD_2><strong>Barron's</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>On its face, the June jobs report looksalmost perfect. After months of disappointments, hiring beat Wall Street’s expectations—with wages rising, but at a cooler pace than the lofty levels of spring.\n...</p>\n\n<a href=\"https://www.barrons.com/articles/jobs-report-investors-should-be-skeptical-51625267210?mod=hp_LEAD_2\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.barrons.com/articles/jobs-report-investors-should-be-skeptical-51625267210?mod=hp_LEAD_2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197906560","content_text":"On its face, the June jobs report looksalmost perfect. After months of disappointments, hiring beat Wall Street’s expectations—with wages rising, but at a cooler pace than the lofty levels of spring.\nOne might be tempted to declare the labor shortage over and the inflation debate done. But investors shouldn’t take the bait just yet. While a nonfarm payroll increase of 850,000 is undeniably strong, it belies a labor market still plagued with supply problems.\nFirst, consider that government hiring rose 193,000 last month. That accounts for the entire headline overshoot versus economists’ expectations. Company payrolls increased 662,000, which would be incredible for normal times. Yet it was still far off the one million mark that economists had anticipated by this point in the recovery, as the economy bursts open and vaccinated consumers spend the trillions of dollars in cash stashed during the pandemic.\nWhat’s more, private payrolls came in well short of the one million implied by closely watched data from employee-scheduling company Homebase, says Ian Shepherdson of Pantheon Macroeconomics.\nSecond, labor-force participation was flat in June despite better hiring. That rate, 61.6%, is still down 1.7 percentage points from its prepandemic level. The employment-population ratio, which Federal Reserve officials have said they are watching, was also unchanged in June; at 58%, it remains 3.1 percentage points below its prepandemic level.\nThird, the slowdown in wage growth is deceiving. The 0.3% increase from May looks like a Goldilocks print—enough to drive continued spending without fueling inflation fears that have been building as shortages from labor to chips to food push prices broadly higher.\n“If anything, this understates the true rate of underlying wage inflation,” says Jefferies chief economist Aneta Markowska of the June wage increase. After adjusting for the return of low-wage leisure, hospitality, and retail workers, average hourly earnings rose by 0.5% in June from May, she says. By that measure, they are up 4.5% from a year earlier. Over the past three months, overall wages are up an annualized 6% as companies chase workers, says Gad Levanon of the Conference Board.\nFurther highlighting the fact that hiring is still being held back by supply, not demand: On an annualized basis this year, leisure and hospitality wages are up 12.3%, transportation and warehousing pay is up 8%, and retail wages are up 5.5%.\nSo, what’s an investor to make of the June jobs report? Nothing. Which is to say, the latest data do nothing to resolve the biggest questions facing the labor market.\nThe degrees to which transitory factors—generous unemployment benefits, child-care issues, and Covid-19 concerns—are capping hiring and driving up wages won’t be clear for months. Schools need to reopen to resolve child-care issues holding back working parents, and enhanced unemployment pay needs to expire before it becomes clear the extent to which such benefits are keeping workers home.\nWhile about two dozen states either started cutting or are about to cut the extra $300 a week in unemployment insurance ahead of the federal program’s Sept. 6 expiration, Shepherdson notes that 70% of those unemployed won’t be affected by those early terminations. Because the June report does nothing to move the Fed’s needle, it shouldn’t stop the stock market from forging ahead.\nAt least for now. “You can’t be unhappy to see an 850,000 payroll print, but it’s nowhere near fast enough,” Shepherdson says, especially given labor demand as evidenced by myriad indicators, help-wanted signs, and company commentary. “The labor-supply problem may fix itself, but it may not,” he says. “The issue really is that we could end up with sustained wage inflation.” Policy makers, however, will punt until they have definitive data—and that won’t be until November.\nAll of this means that data between now and the fall are noise. Many economists and investors are expecting the Fed to announce, at the annual Jackson Hole symposium next month, plans to taper its $120 billion in monthly asset purchases.\nNot so fast, Shepherdson says. “This isn’t as linear as markets would like, and it won’t be clear by Jackson Hole,” he says.\nIf that’s right—that the Fed won’t have the data they want in time to lay out taper plans until later in the fall—an even longer period of ultraloose monetary policy might be in store. That is assuming there’s time for officials to telegraph plans well ahead of actually starting to withdraw support.\nTherein lies the risk of tuning out the noise, or the employment data, between now and the fall. If the resumption of school and the end to enhanced unemployment benefits don’t bring workers back, it will become clear that structural issues are at play and wage inflation is thus more persistent. As Shepherdson puts it, there is a strong likelihood that the Fed has to raise interest rates in 2022 because there is a good chance people won’t come back into the labor force.\nInvestors should continue to enjoythe stock market gains. But they should also be careful. Waiting for definitive data to show whether the labor shortage is more than transitory means policy makers might have to act sooner and faster than it would seem—especially if deceivingly balanced reports like June’s dot the next few months.","news_type":1},"isVote":1,"tweetType":1,"viewCount":255,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140314504,"gmtCreate":1625629187308,"gmtModify":1703745266136,"author":{"id":"3584225860430865","authorId":"3584225860430865","name":"Jwong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Which stock is better- xpeng or byd?&nbsp;","listText":"Which stock is better- xpeng or byd?&nbsp;","text":"Which stock is better- xpeng or byd?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/140314504","repostId":"2149360674","repostType":4,"isVote":1,"tweetType":1,"viewCount":183,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154376951,"gmtCreate":1625485061273,"gmtModify":1703742518305,"author":{"id":"3584225860430865","authorId":"3584225860430865","name":"Jwong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Would like to know&nbsp;what kind of event will trigger&nbsp;the bitcoin price to drop to $20K level.&nbsp;","listText":"Would like to know&nbsp;what kind of event will trigger&nbsp;the bitcoin price to drop to $20K level.&nbsp;","text":"Would like to know what kind of event will trigger the bitcoin price to drop to $20K level.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/154376951","repostId":"1139574200","repostType":4,"isVote":1,"tweetType":1,"viewCount":535,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159819825,"gmtCreate":1624954997567,"gmtModify":1703848750555,"author":{"id":"3584225860430865","authorId":"3584225860430865","name":"Jwong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"Hope the various govts have learnt not to repeat the same mistakes in dealing with delta variant.&nbsp;","listText":"Hope the various govts have learnt not to repeat the same mistakes in dealing with delta variant.&nbsp;","text":"Hope the various govts have learnt not to repeat the same mistakes in dealing with delta variant.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/159819825","repostId":"2147854949","repostType":4,"isVote":1,"tweetType":1,"viewCount":257,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":142739396,"gmtCreate":1626175168415,"gmtModify":1703754811891,"author":{"id":"3584225860430865","authorId":"3584225860430865","name":"Jwong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false},"themes":[],"htmlText":"A good reminder of lessons to be learnt from dotcom bubble.&nbsp;","listText":"A good reminder of lessons to be learnt from dotcom bubble.&nbsp;","text":"A good reminder of lessons to be learnt from dotcom bubble.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/142739396","repostId":"1156380405","repostType":4,"isVote":1,"tweetType":1,"viewCount":281,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}