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QSL
2022-07-09
$Alibaba(BABA)$
good
QSL
08-01
$Apple(AAPL)$
QSL
03-10
$Apple(AAPL)$
QSL
03-02
$STI ETF(ES3.SI)$
good investment
QSL
02-22
$Apple(AAPL)$
QSL
2024-06-30
Good
@TigerEvents:[10th Anniv] Discover exciting features & win a US$1,010 reward!
QSL
2024-06-30
Ok ok ok ok ok ok good
QSL
2024-01-16
$United Microelectronics(UMC)$
sad
QSL
2024-01-14
[Happy] [Happy] [Happy] [Happy] [Happy] [Happy] [Happy] [Happy] [Happy] [Happy]
QSL
2024-01-13
[Happy] [Happy] [Happy] [Sad] [Happy] [Sad] [Sad] [Happy] [Happy] [Happy] [Happy] [Happy]
QSL
2024-01-12
[Great] [Great] [Great] [Great] [Great] [Great] [Great] [Great] [Great] [Great] [Great]
QSL
2024-01-11
[Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool]
QSL
2024-01-10
Ok..................
QSL
2024-01-10
[Happy] [Happy] [Happy] [Happy] [Happy] [Happy] [Happy] [Happy] [Happy] [Happy] [Happy]
QSL
2024-01-09
[Great] [Great] [Great] [Great] [Great] [Great] [Great] [Great] [Great] [Great] [Great] [Great] [Angry] [Angry] [Great] [Great] [Great] [Great]
QSL
2024-01-08
[Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool] [Cool]
QSL
2024-01-07
[Great] [Great] [Great] [Great] [Great] [Great] [Great] [Great] [Great] [Great] [Great] [Great] [Great] [Great] [Great] [Great] [Great] [Great]
QSL
2024-01-06
[What] [What] [What] [What] [What] [What] [What] [What] [What] [What] [What] [What] [What]
QSL
2024-01-05
[Grin] [Grin] [Grin] [Grin] [Grin] [Grin] [Grin] [Grin] [Grin] [Grin] [Grin] [Grin]
QSL
2024-01-04
[Happy] [Happy] [Happy] [Happy] [Happy] [Happy] [Happy] [Happy] [Happy] [Happy] [Happy] [Happy] [Happy] [Happy] [Happy] [Happy] [Happy] [Happy] [Happy]
QSL
2024-01-03
[LOL] [LOL] [LOL] [Happy] [Happy] [Happy] [Happy] [Happy] [Happy]
Go to Tiger App to see more news
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ETF(ES3.SI)$ </a> good investment","text":"$STI ETF(ES3.SI)$ good investment","images":[{"img":"https://community-static.tradeup.com/news/18d489a4d2b096f776bc014151d53e10","width":"894","height":"1564"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/409096098734560","isVote":1,"tweetType":1,"viewCount":1488,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":406112522547296,"gmtCreate":1740176253876,"gmtModify":1740176259047,"author":{"id":"3586036183115498","authorId":"3586036183115498","name":"QSL","avatar":"https://static.tigerbbs.com/bb5d27e2d0cb86c5c558fecd085ec01e","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3586036183115498","idStr":"3586036183115498"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$ </a> ","listText":"<a href=\"https://ttm.financial/S/AAPL\">$Apple(AAPL)$ </a> 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Here’s how you can maximize your winnings:🏆 Winning Guide 🏆Discover Exclusive Features:Click to explore the unique features you’re interested in.Watch the feature introduction videos and complete the corresponding tasksShow Your Love:Like your favorite featuresIf the features you like end up in the top three, you’ll share in extra grand prizes!Collect and Win:Complete special tasks to earn pieces.Collect all pieces to exchange for high-value rewards!💡 Pro Tips:Complete highlighted tasks to earn extra rewards and a big bonus!Ready to dive","text":"🎉 Unlock Your Path to $1,010 voucher with Our Winning Guide! 🎉Our exclusive anniversary event is now LIVE, and we want YOU to join in the fun! Not only can you explore our unique tech-driven features, but you also stand a chance to win incredible rewards. Here’s how you can maximize your winnings:🏆 Winning Guide 🏆Discover Exclusive Features:Click to explore the unique features you’re interested in.Watch the feature introduction videos and complete the corresponding tasksShow Your Love:Like your favorite featuresIf the features you like end up in the top three, you’ll share in extra grand prizes!Collect and Win:Complete special tasks to earn pieces.Collect all pieces to exchange for high-value rewards!💡 Pro Tips:Complete highlighted tasks to earn extra rewards and a big bonus!Ready to dive","images":[{"img":"https://community-static.tradeup.com/news/ba3323c6518b57d08bcc75d90ffa0c5a","width":"2000","height":"2000"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/313600081719480","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2111,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322231034163256,"gmtCreate":1719700275269,"gmtModify":1719700279320,"author":{"id":"3586036183115498","authorId":"3586036183115498","name":"QSL","avatar":"https://static.tigerbbs.com/bb5d27e2d0cb86c5c558fecd085ec01e","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3586036183115498","idStr":"3586036183115498"},"themes":[],"htmlText":"Ok ok ok ok ok ok good","listText":"Ok ok ok ok ok ok good","text":"Ok ok ok ok ok ok good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322231034163256","isVote":1,"tweetType":1,"viewCount":2734,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":263467438149840,"gmtCreate":1705357773225,"gmtModify":1705357776133,"author":{"id":"3586036183115498","authorId":"3586036183115498","name":"QSL","avatar":"https://static.tigerbbs.com/bb5d27e2d0cb86c5c558fecd085ec01e","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3586036183115498","idStr":"3586036183115498"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/UMC\">$United Microelectronics(UMC)$ </a> sad","listText":"<a href=\"https://ttm.financial/S/UMC\">$United Microelectronics(UMC)$ </a> sad","text":"$United Microelectronics(UMC)$ 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[Happy] [Happy] [Happy] [Happy] [Happy] [Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/262765579645008","isVote":1,"tweetType":1,"viewCount":2565,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":262398018736320,"gmtCreate":1705096052887,"gmtModify":1705096061636,"author":{"id":"3586036183115498","authorId":"3586036183115498","name":"QSL","avatar":"https://static.tigerbbs.com/bb5d27e2d0cb86c5c558fecd085ec01e","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3586036183115498","idStr":"3586036183115498"},"themes":[],"htmlText":"[Happy] [Happy] [Happy] [Sad] [Happy] [Sad] [Sad] [Happy] [Happy] [Happy] [Happy] [Happy] ","listText":"[Happy] [Happy] [Happy] [Sad] [Happy] [Sad] [Sad] [Happy] [Happy] [Happy] [Happy] [Happy] ","text":"[Happy] [Happy] [Happy] [Sad] [Happy] [Sad] [Sad] [Happy] [Happy] [Happy] [Happy] 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","text":"[What] [What] [What] [What] [What] [What] [What] [What] [What] [What] [What] [What] [What]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/260017103769848","isVote":1,"tweetType":1,"viewCount":1253,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":259866278945016,"gmtCreate":1704454431388,"gmtModify":1704454436420,"author":{"id":"3586036183115498","authorId":"3586036183115498","name":"QSL","avatar":"https://static.tigerbbs.com/bb5d27e2d0cb86c5c558fecd085ec01e","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"3586036183115498","idStr":"3586036183115498"},"themes":[],"htmlText":"[Grin] [Grin] [Grin] [Grin] [Grin] [Grin] [Grin] [Grin] [Grin] [Grin] [Grin] [Grin] ","listText":"[Grin] [Grin] [Grin] [Grin] [Grin] [Grin] [Grin] [Grin] [Grin] [Grin] [Grin] [Grin] ","text":"[Grin] [Grin] [Grin] [Grin] [Grin] [Grin] 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That way you;'ll better understand the industry and its competitors.","text":"Also, look at its competitors report, and find out why your business has an \"edge\" over them. That way you;'ll better understand the industry and its competitors.","html":"Also, look at its competitors report, and find out why your business has an \"edge\" over them. That way you;'ll better understand the industry and its competitors."},{"author":{"id":"3579226306200230","authorId":"3579226306200230","name":"WLMH","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"idStr":"3579226306200230","authorIdStr":"3579226306200230"},"content":"This is what I don't understand","text":"This is what I don't understand","html":"This is what I don't understand"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9081822381,"gmtCreate":1650236056655,"gmtModify":1676534673064,"author":{"id":"3586036183115498","authorId":"3586036183115498","name":"QSL","avatar":"https://static.tigerbbs.com/bb5d27e2d0cb86c5c558fecd085ec01e","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586036183115498","authorIdStr":"3586036183115498"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/QQQM\">$Invesco NASDAQ 100 ETF(QQQM)$</a>good to buy","listText":"<a href=\"https://ttm.financial/S/QQQM\">$Invesco NASDAQ 100 ETF(QQQM)$</a>good to buy","text":"$Invesco NASDAQ 100 ETF(QQQM)$good to buy","images":[{"img":"https://community-static.tradeup.com/news/9bbd6343feb018b07ef7b6be46f235e4","width":"1080","height":"3501"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9081822381","isVote":1,"tweetType":1,"viewCount":636,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9956833185,"gmtCreate":1673954941948,"gmtModify":1676538908220,"author":{"id":"3586036183115498","authorId":"3586036183115498","name":"QSL","avatar":"https://static.tigerbbs.com/bb5d27e2d0cb86c5c558fecd085ec01e","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586036183115498","authorIdStr":"3586036183115498"},"themes":[],"htmlText":"O*kkkkkkkkkkkkkkkklkkkkk","listText":"O*kkkkkkkkkkkkkkkklkkkkk","text":"O*kkkkkkkkkkkkkkkklkkkkk","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956833185","isVote":1,"tweetType":1,"viewCount":351,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9011815393,"gmtCreate":1648854691130,"gmtModify":1676534409338,"author":{"id":"3586036183115498","authorId":"3586036183115498","name":"QSL","avatar":"https://static.tigerbbs.com/bb5d27e2d0cb86c5c558fecd085ec01e","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586036183115498","authorIdStr":"3586036183115498"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/V03.SI\">$VENTURE CORPORATION LIMITED(V03.SI)$</a>good stock","listText":"<a href=\"https://ttm.financial/S/V03.SI\">$VENTURE CORPORATION LIMITED(V03.SI)$</a>good stock","text":"$VENTURE CORPORATION LIMITED(V03.SI)$good stock","images":[{"img":"https://community-static.tradeup.com/news/53b369ee94deb03d72d3eddb1c3fb687","width":"1080","height":"3402"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9011815393","isVote":1,"tweetType":1,"viewCount":514,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":176517506,"gmtCreate":1626907306305,"gmtModify":1703480179138,"author":{"id":"3586036183115498","authorId":"3586036183115498","name":"QSL","avatar":"https://static.tigerbbs.com/bb5d27e2d0cb86c5c558fecd085ec01e","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586036183115498","authorIdStr":"3586036183115498"},"themes":[],"htmlText":"buy more s&p 500 etf. ","listText":"buy more s&p 500 etf. ","text":"buy more s&p 500 etf.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/176517506","repostId":"1107219983","repostType":4,"repost":{"id":"1107219983","kind":"news","pubTimestamp":1626858926,"share":"https://ttm.financial/m/news/1107219983?lang=&edition=fundamental","pubTime":"2021-07-21 17:15","market":"us","language":"en","title":"Here Is The One-Word Reason Why JPMorgan Just Raised Its S&P Target To 4,600","url":"https://stock-news.laohu8.com/highlight/detail?id=1107219983","media":"zerohedge","summary":"Mid-cycle?Late-cycle? Nope: according to the latest note published overnight from JPMorgan head glob","content":"<p>Mid-cycle?Late-cycle? Nope: according to the latest note published overnight from JPMorgan head global equity strategist Dubravko Lakos-Bujas, \"even though equity leadership and bonds are trading as if the global economy is entering late cycle,<b>our research suggests the recovery is still in early-cycle</b>and gradually transitioning towards mid-cycle.\" And echoing his JPM colleague and fellow Croat, Marko Kolanovic, who yesterdayadvised clients to stop freaking out about the delta variant(advise which markets are taking to heart today), Dubravko writes that the largest commercial bank remains \"constructive on equities and see the latest round of growth and slowdown fears premature and overblown.\"</p>\n<p><img src=\"https://static.tigerbbs.com/52b0923c42b8b316b85e56a776fa3337\" tg-width=\"1132\" tg-height=\"1215\" width=\"100%\" height=\"auto\">Elaborating on why he is sanguine about the current Delta case breakout, Lakos-Bujas writes that \"we remain of the view that this latest wave will not derail the broader reopening process. While cases have gone up, deaths / hospitalizations remain low and stable due to broadening vaccination rollout and self-immunity from prior waves.\"</p>\n<p><img src=\"https://static.tigerbbs.com/d396ca943f750f3a3bcb38e01a53cbdf\" tg-width=\"772\" tg-height=\"546\" width=\"100%\" height=\"auto\">The strategist then argues that \"reopening of the economy is not an event but rather a process, which in our opinion is still not priced-in, and especially not now given recent market moves. For instance, an increasing number of reopening stocks are now down 30-50% from 1Q21 highs (i.e. travel, cruise lines, oil) and some have reversed back to last year June levels when COVID-19 uncertainty and economic setup were vastly worse than today.\"</p>\n<p>Given the above, JPM sees \"increasingly compelling\" risk/reward for the reopening theme, which can be expressed through Consumer Recovery (JPAMCONR <Index>), Domestic Recovery (JPAMCRDB <Index>) and International Recovery (JPAMCRIB <Index>) baskets, see Fig 1.\" Additionally, JPm argues that global mobility remains nascent and its normalization will continue to release pent-up demand, while tight inventories and new orders bode positively for global growth.</p>\n<p><img src=\"https://static.tigerbbs.com/dc9c52172685e208ffe19abe53233205\" tg-width=\"958\" tg-height=\"959\" width=\"100%\" height=\"auto\">Combining all this bullishness,<b>the JPM equity strategist is revising his EPS estimates higher by an additional $5 to $205 for 2021 and raises the bank's long-held 2021 year-end price target of 4,400 to 4,600, due to the following considerations:</b></p>\n<blockquote>\n At a thematic/sector level, the risk/reward for reopening stocks has improved significantly with the recent pullback creating many unusually attractive opportunities for investors to re-enter various parts of the cyclical cohort. Consumer Discretionary (i.e. Retail, Travel & Leisure), Semis, Banks and Energy are strong buys at current levels. For instance,\n <b>large-cap Energy is now trading at a ~10% FCF yield and a >8% FCF/EV yield at $70 Brent in 2022, with leverage that is <1x</b>. The sector has increasing potential for a sharp short squeeze and move higher, given its extreme disconnect from oil fundamentals (i.e. widest in 30+ years, Figure 10). In addition, our Semiconductor research argues that we are only 30-40% of the way into the current semiconductor upcycle and expect strong Y/Y growth into next year with positive EPS revisions for the next 3-4 quarters. Supply will likely remain tight into 2022, while demand remains strong (20-40% above companies’ ability to supply), thus this supply demand imbalance will persist through 2021. Although customers are responding to tight supply with higher than needed orders, ongoing supply tightness is limiting fulfillment. In fact, JPM expects channel and customer inventories to decline Q/Q again in the just completed June quarter.\n</blockquote>\n<p>Looking at the fundamentals, JPM predicts that S&P 500 gains should also be supported by strong earnings growth and capital return until 2023,<b>and is why JPM is adjusting its above consensus S&P 500 EPS by another $5 for 2022 to $230 (consensus $214) and 2023 to $250 (consensus $233).</b></p>\n<blockquote>\n This revision is largely due to global reopening which is delayed and bound to release further pent-up demand, inventory replenishment, rising profitability for Energy companies, and ongoing policy actions (childcare, infrastructure, etc). We expect cumulative revenue growth of ~30% by 2023 relative to pre-COVID (FY 2019), ~150bp net income margin expansion to a record high at over 13%, and gross buybacks nearing an annual pace of ~$1t during this period.\n</blockquote>\n<p>While all sectors are expected to contribute to earnings growth, JPM expects reflation sensitive sectors (Commodities, Financials, Industrials) and Consumer to do the heaviest lifting in the coming quarters in terms of beats and revisions.</p>\n<p>Putting it all together, Lakos-Bujas says that \"<b>considering this outlook for earnings and shareholder return, we are raising our Price Target to 4,600 for year-end 2021.\"</b></p>\n<p>But while any first year strategist can goalseek a fundamentally bullish narrative and chart it, as JPM has done below...</p>\n<p><img src=\"https://static.tigerbbs.com/41e87174356d968c69893caff66745e0\" tg-width=\"1072\" tg-height=\"1304\" width=\"100%\" height=\"auto\">... there is a very specific reason behind JPM's bullish reversal:<b>the coming surge in buybacks which will result in a boom in shareholder returns,</b>or as Dubravko notes, \"corporates have already increased gross buybacks from pandemic era low of $525b (trailing twelve months as of 1Q21) to an annualized run rate of ~$775b YTD and should surpass previous record of ~$850b (as of 1Q19).\"</p>\n<p><img src=\"https://static.tigerbbs.com/3b09d295af263e87277eaffbda47bb7c\" tg-width=\"1076\" tg-height=\"435\" width=\"100%\" height=\"auto\">In practical terms, JPM expects a sharp drop in the S&P's share count in the next 24 months as the buyback-facilitated slow-motion LBO continues.</p>\n<p><img src=\"https://static.tigerbbs.com/ae94ad29f188e3aac5cdf92b9df65fc3\" tg-width=\"1048\" tg-height=\"396\" width=\"100%\" height=\"auto\">Some more details below on the one biggest catalyst behind JPM's SPX price target hike:</p>\n<blockquote>\n <b>Expecting a boom in shareholder return led by buybacks.</b>Buybacks are reemerging as a key theme with net buyback activity significantly improving this year after bottoming in 2Q20. Corporate buyback announcements, typically a leading indicator of buyback execution activity and corporate confidence, have already well-exceeded 2020 levels ($431B YTD vs. $307B 2020, see Figure 25). In fact,\n <b>the rebound in announcement activity is similar to the surge post-TCJA (see Figure 23) which is tracking towards and it is likely to easily surpass ~$650B by year-end and likely to see rolling 12-month announcements surpass prior record level of ~$1T.</b>Historically, buyback announcements have been concentrated within Technology and Financials. However, YTD we are seeing strong announcement activity from Communications as well (driven by GOOGL ~$50B in Apr). As a reminder, ~$90B of Tech’s $133B in announcements YTD is supported by AAPL and ~$25B of Financials' ~$92B is supported by BAC.\n</blockquote>\n<p><img src=\"https://static.tigerbbs.com/774d4e9c2550b27c62d10733947c8de4\" tg-width=\"1077\" tg-height=\"384\" width=\"100%\" height=\"auto\">With the June 30th lifting of pandemic era restriction on US Banks,<b>we could see some further pick-up in buyback announcements.</b>Dry powder (i.e. announced repurchase programs not yet executed) levels have been recovering to pre-pandemic levels (~$658B, see Figure 27) as executions have been relatively slower to rebound but should show a material sequential growth in the coming quarters. With record profit margins (~13% in 2022 vs ~11.5% in 2019), bloated cash levels of $2.0T ex-financials (vs. $1.6T pre- COVID), and lower high grade debt yields (JULI at 2.6% now, vs 3.3% prepandemic),<b>we are expecting a boom in buyback activity over the next year.</b>Gross buybacks should surpass the prior executed high of $850b.</p>\n<p><img src=\"https://static.tigerbbs.com/053354e7e2fc9ea74585b437e0d77f78\" tg-width=\"1076\" tg-height=\"415\" width=\"100%\" height=\"auto\">In summary,<i>assuming $875b in buybacks and dividend income of $575 over the next year,</i>JPM calculates that<b>the expected shareholder yield is 3.9%.</b>This, as Dubravko concludes, \"is a significant cross-asset valuation support for equities at a time when 10yr US bonds are yielding 1.2% and $13 trillion of global debt has a negative yield.\"</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>Here Is The One-Word Reason Why JPMorgan Just Raised Its S&P Target To 4,600</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\">\nHere Is The One-Word Reason Why JPMorgan Just Raised Its S&P Target To 4,600\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-21 17:15 GMT+8 <a href=https://www.zerohedge.com/markets/here-one-word-reason-why-jpmorgan-just-raised-its-sp-target-4600><strong>zerohedge</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Mid-cycle?Late-cycle? Nope: according to the latest note published overnight from JPMorgan head global equity strategist Dubravko Lakos-Bujas, \"even though equity leadership and bonds are trading as ...</p>\n\n<a href=\"https://www.zerohedge.com/markets/here-one-word-reason-why-jpmorgan-just-raised-its-sp-target-4600\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF"},"source_url":"https://www.zerohedge.com/markets/here-one-word-reason-why-jpmorgan-just-raised-its-sp-target-4600","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1107219983","content_text":"Mid-cycle?Late-cycle? Nope: according to the latest note published overnight from JPMorgan head global equity strategist Dubravko Lakos-Bujas, \"even though equity leadership and bonds are trading as if the global economy is entering late cycle,our research suggests the recovery is still in early-cycleand gradually transitioning towards mid-cycle.\" And echoing his JPM colleague and fellow Croat, Marko Kolanovic, who yesterdayadvised clients to stop freaking out about the delta variant(advise which markets are taking to heart today), Dubravko writes that the largest commercial bank remains \"constructive on equities and see the latest round of growth and slowdown fears premature and overblown.\"\nElaborating on why he is sanguine about the current Delta case breakout, Lakos-Bujas writes that \"we remain of the view that this latest wave will not derail the broader reopening process. While cases have gone up, deaths / hospitalizations remain low and stable due to broadening vaccination rollout and self-immunity from prior waves.\"\nThe strategist then argues that \"reopening of the economy is not an event but rather a process, which in our opinion is still not priced-in, and especially not now given recent market moves. For instance, an increasing number of reopening stocks are now down 30-50% from 1Q21 highs (i.e. travel, cruise lines, oil) and some have reversed back to last year June levels when COVID-19 uncertainty and economic setup were vastly worse than today.\"\nGiven the above, JPM sees \"increasingly compelling\" risk/reward for the reopening theme, which can be expressed through Consumer Recovery (JPAMCONR <Index>), Domestic Recovery (JPAMCRDB <Index>) and International Recovery (JPAMCRIB <Index>) baskets, see Fig 1.\" Additionally, JPm argues that global mobility remains nascent and its normalization will continue to release pent-up demand, while tight inventories and new orders bode positively for global growth.\nCombining all this bullishness,the JPM equity strategist is revising his EPS estimates higher by an additional $5 to $205 for 2021 and raises the bank's long-held 2021 year-end price target of 4,400 to 4,600, due to the following considerations:\n\n At a thematic/sector level, the risk/reward for reopening stocks has improved significantly with the recent pullback creating many unusually attractive opportunities for investors to re-enter various parts of the cyclical cohort. Consumer Discretionary (i.e. Retail, Travel & Leisure), Semis, Banks and Energy are strong buys at current levels. For instance,\n large-cap Energy is now trading at a ~10% FCF yield and a >8% FCF/EV yield at $70 Brent in 2022, with leverage that is <1x. The sector has increasing potential for a sharp short squeeze and move higher, given its extreme disconnect from oil fundamentals (i.e. widest in 30+ years, Figure 10). In addition, our Semiconductor research argues that we are only 30-40% of the way into the current semiconductor upcycle and expect strong Y/Y growth into next year with positive EPS revisions for the next 3-4 quarters. Supply will likely remain tight into 2022, while demand remains strong (20-40% above companies’ ability to supply), thus this supply demand imbalance will persist through 2021. Although customers are responding to tight supply with higher than needed orders, ongoing supply tightness is limiting fulfillment. In fact, JPM expects channel and customer inventories to decline Q/Q again in the just completed June quarter.\n\nLooking at the fundamentals, JPM predicts that S&P 500 gains should also be supported by strong earnings growth and capital return until 2023,and is why JPM is adjusting its above consensus S&P 500 EPS by another $5 for 2022 to $230 (consensus $214) and 2023 to $250 (consensus $233).\n\n This revision is largely due to global reopening which is delayed and bound to release further pent-up demand, inventory replenishment, rising profitability for Energy companies, and ongoing policy actions (childcare, infrastructure, etc). We expect cumulative revenue growth of ~30% by 2023 relative to pre-COVID (FY 2019), ~150bp net income margin expansion to a record high at over 13%, and gross buybacks nearing an annual pace of ~$1t during this period.\n\nWhile all sectors are expected to contribute to earnings growth, JPM expects reflation sensitive sectors (Commodities, Financials, Industrials) and Consumer to do the heaviest lifting in the coming quarters in terms of beats and revisions.\nPutting it all together, Lakos-Bujas says that \"considering this outlook for earnings and shareholder return, we are raising our Price Target to 4,600 for year-end 2021.\"\nBut while any first year strategist can goalseek a fundamentally bullish narrative and chart it, as JPM has done below...\n... there is a very specific reason behind JPM's bullish reversal:the coming surge in buybacks which will result in a boom in shareholder returns,or as Dubravko notes, \"corporates have already increased gross buybacks from pandemic era low of $525b (trailing twelve months as of 1Q21) to an annualized run rate of ~$775b YTD and should surpass previous record of ~$850b (as of 1Q19).\"\nIn practical terms, JPM expects a sharp drop in the S&P's share count in the next 24 months as the buyback-facilitated slow-motion LBO continues.\nSome more details below on the one biggest catalyst behind JPM's SPX price target hike:\n\nExpecting a boom in shareholder return led by buybacks.Buybacks are reemerging as a key theme with net buyback activity significantly improving this year after bottoming in 2Q20. Corporate buyback announcements, typically a leading indicator of buyback execution activity and corporate confidence, have already well-exceeded 2020 levels ($431B YTD vs. $307B 2020, see Figure 25). In fact,\n the rebound in announcement activity is similar to the surge post-TCJA (see Figure 23) which is tracking towards and it is likely to easily surpass ~$650B by year-end and likely to see rolling 12-month announcements surpass prior record level of ~$1T.Historically, buyback announcements have been concentrated within Technology and Financials. However, YTD we are seeing strong announcement activity from Communications as well (driven by GOOGL ~$50B in Apr). As a reminder, ~$90B of Tech’s $133B in announcements YTD is supported by AAPL and ~$25B of Financials' ~$92B is supported by BAC.\n\nWith the June 30th lifting of pandemic era restriction on US Banks,we could see some further pick-up in buyback announcements.Dry powder (i.e. announced repurchase programs not yet executed) levels have been recovering to pre-pandemic levels (~$658B, see Figure 27) as executions have been relatively slower to rebound but should show a material sequential growth in the coming quarters. With record profit margins (~13% in 2022 vs ~11.5% in 2019), bloated cash levels of $2.0T ex-financials (vs. $1.6T pre- COVID), and lower high grade debt yields (JULI at 2.6% now, vs 3.3% prepandemic),we are expecting a boom in buyback activity over the next year.Gross buybacks should surpass the prior executed high of $850b.\nIn summary,assuming $875b in buybacks and dividend income of $575 over the next year,JPM calculates thatthe expected shareholder yield is 3.9%.This, as Dubravko concludes, \"is a significant cross-asset valuation support for equities at a time when 10yr US bonds are yielding 1.2% and $13 trillion of global debt has a negative yield.\"","news_type":1,"symbols_score_info":{".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":484,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9017542316,"gmtCreate":1649803369157,"gmtModify":1676534577015,"author":{"id":"3586036183115498","authorId":"3586036183115498","name":"QSL","avatar":"https://static.tigerbbs.com/bb5d27e2d0cb86c5c558fecd085ec01e","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586036183115498","authorIdStr":"3586036183115498"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/UMC\">$United Microelectronics(UMC)$</a>good low pe","listText":"<a href=\"https://ttm.financial/S/UMC\">$United Microelectronics(UMC)$</a>good low pe","text":"$United Microelectronics(UMC)$good low pe","images":[{"img":"https://community-static.tradeup.com/news/a1fd6c677d7aa0b0b50388ab7f49d431","width":"1080","height":"3624"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9017542316","isVote":1,"tweetType":1,"viewCount":518,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9016656925,"gmtCreate":1649197058214,"gmtModify":1676534465533,"author":{"id":"3586036183115498","authorId":"3586036183115498","name":"QSL","avatar":"https://static.tigerbbs.com/bb5d27e2d0cb86c5c558fecd085ec01e","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586036183115498","authorIdStr":"3586036183115498"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/UMC\">$United Microelectronics(UMC)$</a>bad","listText":"<a href=\"https://ttm.financial/S/UMC\">$United Microelectronics(UMC)$</a>bad","text":"$United Microelectronics(UMC)$bad","images":[{"img":"https://community-static.tradeup.com/news/361bb4727d87cf72f24e2dedae39e9e6","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":1,"link":"https://ttm.financial/post/9016656925","isVote":1,"tweetType":1,"viewCount":2907,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9035258658,"gmtCreate":1647615469607,"gmtModify":1676534251222,"author":{"id":"3586036183115498","authorId":"3586036183115498","name":"QSL","avatar":"https://static.tigerbbs.com/bb5d27e2d0cb86c5c558fecd085ec01e","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586036183115498","authorIdStr":"3586036183115498"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035258658","repostId":"1155765660","repostType":4,"repost":{"id":"1155765660","kind":"news","pubTimestamp":1647613515,"share":"https://ttm.financial/m/news/1155765660?lang=&edition=fundamental","pubTime":"2022-03-18 22:25","market":"other","language":"en","title":"Stock Traders Endure a $3.5 Trillion Triple Witching Event","url":"https://stock-news.laohu8.com/highlight/detail?id=1155765660","media":"bloomberg","summary":"(Bloomberg) -- Wall Street traders are enduring fresh equity-market fireworks Friday after another w","content":"<html><head></head><body><p>(Bloomberg) -- Wall Street traders are enduring fresh equity-market fireworks Friday after another week of global turbulence.</p><p>Stock transactions spiked at the open as the expiry of stock and index options collided with that of index futures in a quarterly event known as triple witching. In the first 15 minutes of trading as the benchmark slipped 0.2%, volume on S&P 500 Index was more than double the average for that time of day over the past 30 sessions.</p><p>Roughly $3.5 trillion of single-stock and index-level options were estimated to expire Friday, according to Goldman Sachs Group Inc. At the same time, more near-the-money options were expected to mature than at any time since 2019.</p><p>And once again, this triple witching is coinciding with a rebalancing of benchmark indexes including the S&P 500 -- a combination that tends to spark single-day volumes that rank among the highest of the year. According to an estimate from Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, the rebalance in the index alone could spur $33 billion of stock trades.</p><p>Friday’s session landed just as the S&P 500 regained its footing with a three-day jump, buoyed by the Federal Reserve’s optimism the economy can withstand rate hikes and China’s promise to bolster its financial markets. But in the telling of derivatives pros, the recent rally was fueled by dealers covering short positions to balance exposures while demand for stock hedges was elevated.</p><p>Now as many contracts expire, the key question is whether investors will rebuild their holdings of protective puts amid growth concerns and the war in Ukraine -- or will they chase the market rebound with call contracts.</p><p>“I’ve never seen an environment where you’ve had so many potential overhangs in the market that can not be controlled,” said David Wagner, a portfolio manager at Aptus Capital Advisors. “We’ll see if people can see to redeploy their puts.”</p><p>The S&P 500 climbed almost 6% over previous three sessions in the best rally since 2020, as the likes of Marko Kolanovic at JPMorgan Chase & Co. urged investors to go all-in.</p><p>Exploding derivatives volume has been a fixture of the post-pandemic market -- whipsawing underlying stocks in both directions, again and again. To strategists including Charlie McElligott at Nomura Holdings, the recent advance in the S&P 500 was again amplified by the hedging activity of market-makers.</p><p>It’s a complicated process, but it works roughly like this: When a dealer sells a put option, it’s essentially taking a bet on the underlying asset to go up. To offset this unwanted directional risk, the market-maker typically sells some of the asset to maintain a neutral position. When the put options expire or get exercised, it will reverse those hedging moves -- potentially creating a tailwind for the asset.</p><p>Another factor involving dealers is their current “short gamma” or “short delta” position that requires them to go with prevailing market trends: Buy stocks when they go up and sell when they fall.</p><p>At the start of the week, their exposure on S&P 500 products sat at a level near the maximum “short gamma” relative to history, according to estimates by McElligott, a cross-asset strategist at Nomura. Three days later, that turned into “zero gamma.” Along the way, dealers were forced to buy back stocks and close their short positions.</p><p>With market sentiment weak and institutional-fund exposure to equities near mutliyear lows, caution in the derivatives market is everywhere. The 20-day average of the Cboe put-call ratio for equities, for example, hovers near a two-year high.</p><p>“We see a general trend of continued risk aversion among investors, and expectations that the stock market remains volatile,” said Steve Sears, president at Options Solutions. “There are so many major events that could change the market’s tempo that hedging and patient fortitude appears to be the message from the options market.”</p><p>Options either far out of money or in the money receive less attention on Wall Street around expiration dates. Now with an unusually large number of S&P 500 contracts sitting close to the spot price this time round, trading activity on Friday looked set to be more frenetic than usual, according to Goldman strategist Rocky Fishman.</p><p>“The most interesting is options that are near the money, since as we approach expiration, there’s uncertainty about whether or not they end up in the money,” he said. “That uncertainty can lead investors to actively trade around those positions.”</p></body></html>","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>Stock Traders Endure a $3.5 Trillion Triple Witching Event</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\">\nStock Traders Endure a $3.5 Trillion Triple Witching Event\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-03-18 22:25 GMT+8 <a href=https://finance.yahoo.com/news/stock-traders-brace-3-5-221951795.html><strong>bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Wall Street traders are enduring fresh equity-market fireworks Friday after another week of global turbulence.Stock transactions spiked at the open as the expiry of stock and index ...</p>\n\n<a href=\"https://finance.yahoo.com/news/stock-traders-brace-3-5-221951795.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://finance.yahoo.com/news/stock-traders-brace-3-5-221951795.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155765660","content_text":"(Bloomberg) -- Wall Street traders are enduring fresh equity-market fireworks Friday after another week of global turbulence.Stock transactions spiked at the open as the expiry of stock and index options collided with that of index futures in a quarterly event known as triple witching. In the first 15 minutes of trading as the benchmark slipped 0.2%, volume on S&P 500 Index was more than double the average for that time of day over the past 30 sessions.Roughly $3.5 trillion of single-stock and index-level options were estimated to expire Friday, according to Goldman Sachs Group Inc. At the same time, more near-the-money options were expected to mature than at any time since 2019.And once again, this triple witching is coinciding with a rebalancing of benchmark indexes including the S&P 500 -- a combination that tends to spark single-day volumes that rank among the highest of the year. According to an estimate from Howard Silverblatt, senior index analyst at S&P Dow Jones Indices, the rebalance in the index alone could spur $33 billion of stock trades.Friday’s session landed just as the S&P 500 regained its footing with a three-day jump, buoyed by the Federal Reserve’s optimism the economy can withstand rate hikes and China’s promise to bolster its financial markets. But in the telling of derivatives pros, the recent rally was fueled by dealers covering short positions to balance exposures while demand for stock hedges was elevated.Now as many contracts expire, the key question is whether investors will rebuild their holdings of protective puts amid growth concerns and the war in Ukraine -- or will they chase the market rebound with call contracts.“I’ve never seen an environment where you’ve had so many potential overhangs in the market that can not be controlled,” said David Wagner, a portfolio manager at Aptus Capital Advisors. “We’ll see if people can see to redeploy their puts.”The S&P 500 climbed almost 6% over previous three sessions in the best rally since 2020, as the likes of Marko Kolanovic at JPMorgan Chase & Co. urged investors to go all-in.Exploding derivatives volume has been a fixture of the post-pandemic market -- whipsawing underlying stocks in both directions, again and again. To strategists including Charlie McElligott at Nomura Holdings, the recent advance in the S&P 500 was again amplified by the hedging activity of market-makers.It’s a complicated process, but it works roughly like this: When a dealer sells a put option, it’s essentially taking a bet on the underlying asset to go up. To offset this unwanted directional risk, the market-maker typically sells some of the asset to maintain a neutral position. When the put options expire or get exercised, it will reverse those hedging moves -- potentially creating a tailwind for the asset.Another factor involving dealers is their current “short gamma” or “short delta” position that requires them to go with prevailing market trends: Buy stocks when they go up and sell when they fall.At the start of the week, their exposure on S&P 500 products sat at a level near the maximum “short gamma” relative to history, according to estimates by McElligott, a cross-asset strategist at Nomura. Three days later, that turned into “zero gamma.” Along the way, dealers were forced to buy back stocks and close their short positions.With market sentiment weak and institutional-fund exposure to equities near mutliyear lows, caution in the derivatives market is everywhere. The 20-day average of the Cboe put-call ratio for equities, for example, hovers near a two-year high.“We see a general trend of continued risk aversion among investors, and expectations that the stock market remains volatile,” said Steve Sears, president at Options Solutions. “There are so many major events that could change the market’s tempo that hedging and patient fortitude appears to be the message from the options market.”Options either far out of money or in the money receive less attention on Wall Street around expiration dates. Now with an unusually large number of S&P 500 contracts sitting close to the spot price this time round, trading activity on Friday looked set to be more frenetic than usual, according to Goldman strategist Rocky Fishman.“The most interesting is options that are near the money, since as we approach expiration, there’s uncertainty about whether or not they end up in the money,” he said. “That uncertainty can lead investors to actively trade around those positions.”","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":985,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9062803099,"gmtCreate":1652048099311,"gmtModify":1676535016570,"author":{"id":"3586036183115498","authorId":"3586036183115498","name":"QSL","avatar":"https://static.tigerbbs.com/bb5d27e2d0cb86c5c558fecd085ec01e","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586036183115498","authorIdStr":"3586036183115498"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/E28.SI\">$FRENCKEN GROUP LIMITED(E28.SI)$</a>buy more","listText":"<a href=\"https://ttm.financial/S/E28.SI\">$FRENCKEN GROUP LIMITED(E28.SI)$</a>buy more","text":"$FRENCKEN GROUP LIMITED(E28.SI)$buy more","images":[{"img":"https://community-static.tradeup.com/news/5ac2502cb7fa0172db90c1fb98f751ab","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9062803099","isVote":1,"tweetType":1,"viewCount":588,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9005370415,"gmtCreate":1642199113997,"gmtModify":1676533690652,"author":{"id":"3586036183115498","authorId":"3586036183115498","name":"QSL","avatar":"https://static.tigerbbs.com/bb5d27e2d0cb86c5c558fecd085ec01e","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3586036183115498","authorIdStr":"3586036183115498"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9005370415","repostId":"1165451504","repostType":4,"repost":{"id":"1165451504","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1642174174,"share":"https://ttm.financial/m/news/1165451504?lang=&edition=fundamental","pubTime":"2022-01-14 23:29","market":"us","language":"en","title":"Semiconductor stocks jumped in morning trading, with Marvell Technology and TSM rising over 3%","url":"https://stock-news.laohu8.com/highlight/detail?id=1165451504","media":"Tiger Newspress","summary":"Semiconductor stocks jumped in morning trading, with Marvell Technology and TSM rising over 3%.","content":"<html><head></head><body><p>Semiconductor stocks jumped in morning trading, with Marvell Technology and TSM rising over 3%.<img src=\"https://static.tigerbbs.com/55f337309d9df997d8c362c38cb65c0c\" tg-width=\"1039\" tg-height=\"637\" referrerpolicy=\"no-referrer\"/><img src=\"https://static.tigerbbs.com/1111fedd2c1626a71dcfd86e7480cc61\" tg-width=\"1026\" tg-height=\"635\" width=\"100%\" height=\"auto\"/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Semiconductor stocks jumped in morning trading, with Marvell Technology and TSM rising over 3%</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; 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