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majingki525
2021-07-02
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majingki525
2021-07-14
Wow!!!
BlackRock's CEO is concerned about inflation. But here's why he still sees stocks going higher
Go to Tiger App to see more news
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But here's why he still sees stocks going higher","url":"https://stock-news.laohu8.com/highlight/detail?id=1199661558","media":"CNBC","summary":"BlackRock co-founder and CEO Larry Fink believes the long-term trend for the U.S. stock market remai","content":"<div>\n<p>BlackRock co-founder and CEO Larry Fink believes the long-term trend for the U.S. stock market remains strong, even after a robust rally over the past year since the coronavirus-driven plunge.\n“I’m ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/14/blackrocks-larry-fink-concerned-about-inflation-but-still-sees-stocks-going-higher.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BlackRock's CEO is concerned about inflation. But here's why he still sees stocks going higher</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\">\nBlackRock's CEO is concerned about inflation. But here's why he still sees stocks going higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-14 21:27 GMT+8 <a href=https://www.cnbc.com/2021/07/14/blackrocks-larry-fink-concerned-about-inflation-but-still-sees-stocks-going-higher.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BlackRock co-founder and CEO Larry Fink believes the long-term trend for the U.S. stock market remains strong, even after a robust rally over the past year since the coronavirus-driven plunge.\n“I’m ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/14/blackrocks-larry-fink-concerned-about-inflation-but-still-sees-stocks-going-higher.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.cnbc.com/2021/07/14/blackrocks-larry-fink-concerned-about-inflation-but-still-sees-stocks-going-higher.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1199661558","content_text":"BlackRock co-founder and CEO Larry Fink believes the long-term trend for the U.S. stock market remains strong, even after a robust rally over the past year since the coronavirus-driven plunge.\n“I’m not trying to suggest that it’s going to be a straight-line upward and there could be disappointments going forward. But overall, with the amount of fiscal stimulus and monetary stimulus, and more importantly with the amount of cash that is looking to be put to work, I believe the trend line is still going to be upward,” Fink said in an interview on CNBC’s“Squawk Box”on Wednesday.\nFink, who also serves as chairman of the world’s largest asset manager, said it’s possible the market’s move higher is “maybe not as fast” as some would like to be in the second half of 2021.\n“Maybe it’s going to be very moderate for the next six months as we digest how the world is able to handle the delta variant and the speed in which vaccinations occur throughout the world,” Fink said, referring to the highly transmissible coronavirus strain that’s concerning public-health officials. “And then two, what is going to be inflation out six months and a year?”\nInflation and its impact on the economy and markets is a major topic at the moment, as U.S. economic activity picks up speed following pandemic-related slowdowns and disruptions.\nWhile Federal Reserve ChairmanJerome Powell and other central bank officials have maintained their expectation that higher-than-normal inflation will be temporary and tied largely to Covid reopening, Fink has a different view.\n“I worry about inflation. I do not believe inflation is going to be transitory,” Fink said. Instead, he said he thinks “it’s going to be more systematic over time.” He added, “How the Federal Reserve and how other central banks navigate that is going to be very important.”\nInflation in the U.S.largely came in belowthe central bank’s target of 2% in the years following the 2008 financial crisis. It’s been above that in recent data readings, including Tuesday’s consumer price index report for the month of June. Shortly after Fink spoke to CNBC, June’s producer price index came in above expectations, rising 1% month over month compared with estimates of a 0.6% gain.Year over year, headline PPI soared 7.3%and the core rate jumped 5.6%.\nFink said his prediction for hotter inflation is rooted in reasons greater than just pandemic-related supply chain bottlenecks, although the latter factor is important right now. “I believe it’s a fundamental, foundational change in how we navigate economic policy,” he said.\n“I think post-World War II our economic policy was based on consumerism. We always believed that the cheapest products for Americans was the best way that more Americans can have more things. I would say in the last five years, we’ve navigated away from that foundational belief and now we’re saying jobs are more important than consumerism,” Fink said.\nThere’s been a greater emphasis on making supply chains less geographically concentrated, Fink said. That includes efforts to relocate manufacturing to the U.S. after decades off them moving offshore.\n“That is going to probably lead to systematically more inflation,” Fink said.\nFink, who has become one of Wall Street’s loudest voices on taking action to fight climate change, also said the shift toward renewable energy away from fossil fuels is something to watch.\n“If we don’t focus on the demand curve in our energy transition, but only focus on supply, we are going to see rising energy prices. I raise the question, what does that mean if we have $100 oil or $120 oil [per barrel.] That’s going to be inflationary too,” Fink said.\nSome on Wall Street have predicted oil rising to $100 per barrel during the current energy cycle.\n“I’m firmly believing that we are going to see wage increases and all that, so all this spells to me that we’re going to have 3.5% inflation or more over the coming year,” Fink added.\nSome, such as the famed Wharton School finance professor Jeremy Siegel, contended higher inflation isnot a problem for the stock market. Siegel emphasized his view in a CNBC interview Tuesday, saying “I’m not selling my stocks” despite believing the Fed is wrong on inflation.\nThe potential impact on the stock market remains to be seen, Fink said.\n“If we’re able to pass on the prices and it doesn’t change the margin, or we’re able to create better productivity, which we’ve done over the past 20 odd years, then inflation is good for equities,” Fink said. “If the inflation is going to be absorbed in the margins without productivity then we’re going to see a flattening or declining margins. That is going to be the pivotal question related to equities.”\nFink’s comments Wednesday came after BlackRock reported better-than-expected earnings and revenue for its 2021 second quarter. Assets under managements also grew 30% year over year to $9.5 trillion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":581,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":156137528,"gmtCreate":1625201240964,"gmtModify":1703738260792,"author":{"id":"4088175938003640","authorId":"4088175938003640","name":"majingki525","avatar":"https://static.tigerbbs.com/3c245a9a48a3c2d70ee0583c5056d9dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088175938003640","authorIdStr":"4088175938003640"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/156137528","repostId":"1183071173","repostType":4,"repost":{"id":"1183071173","pubTimestamp":1625196804,"share":"https://ttm.financial/m/news/1183071173?lang=&edition=fundamental","pubTime":"2021-07-02 11:33","market":"hk","language":"en","title":"Trading Halted in About 15 Firms in Hong Kong On Results Delay","url":"https://stock-news.laohu8.com/highlight/detail?id=1183071173","media":"Bloomberg","summary":"Trading in shares of some 15 Hong Kong-listed companies wassuspendedFriday as a number of firms were","content":"<p>Trading in shares of some 15 Hong Kong-listed companies wassuspendedFriday as a number of firms were unable to publish annual results by a June-end deadline.</p>\n<p>More than half the companies that issued trading halts -- most of which were small caps -- cited the need for additional time before reporting results for the year through March. About nine firms had suspended trading on the same day last year. The Hong Kong Exchange declined to comment in an emailed response to a Bloomberg News query on the halts.</p>\n<p>Among the companies,Ares Asia Ltd., said it hadn’t yet completed assessment of impairments, thus delaying the release of its results. The firm aims to finalize its report by September and trading will remain suspended until further notice, it said in a filing to the exchange early Friday. Global Brands Group Holding Ltd. and Asia Cassava Resources Holdings Ltd. were among other companies reporting delays.</p>\n<p>Earlier this year on April 1, more than 50 Hong Kong-listed companies haltedtradingafter some didn’t meet a deadline to disclose earnings. By the end of April, some 40 firmsstill hadn’t deliveredtheir overdue reports.</p>\n<p>These included GCL-Poly Energy Holdings Ltd., with its shares still halted after it released unaudited results and appointed anew auditor. China Huarong Asset Management Co. shares also remain suspended, with the firm saying earlier this week that its auditors needmore timeto complete work on its financial reports.</p>\n<p>Meanwhile, the Hang Seng Index slid as much as 1.8% as trading resumed after Thursday’s holiday. China’s CSI 300 Indexslumpedthe most since mid-March as investors rushed to offload shares after the ruling Communist Party’s 100th anniversary celebrations.</p>\n<p>“Today’s plunge is more related to broader concerns such as liquidity tightening and virus,” said Andy Wong, a fund manager at LW Asset Management. Most of the companies with trading halts are small-cap stocks that have little impact on index moves or overall market sentiment, he added.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trading Halted in About 15 Firms in Hong Kong On Results Delay</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\">\nTrading Halted in About 15 Firms in Hong Kong On Results Delay\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-02 11:33 GMT+8 <a href=https://www.bloomberg.com/news/articles/2021-07-02/trading-halted-in-about-15-firms-in-hong-kong-on-results-delay><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Trading in shares of some 15 Hong Kong-listed companies wassuspendedFriday as a number of firms were unable to publish annual results by a June-end deadline.\nMore than half the companies that issued ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-07-02/trading-halted-in-about-15-firms-in-hong-kong-on-results-delay\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03800":"协鑫科技","HSI":"恒生指数"},"source_url":"https://www.bloomberg.com/news/articles/2021-07-02/trading-halted-in-about-15-firms-in-hong-kong-on-results-delay","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1183071173","content_text":"Trading in shares of some 15 Hong Kong-listed companies wassuspendedFriday as a number of firms were unable to publish annual results by a June-end deadline.\nMore than half the companies that issued trading halts -- most of which were small caps -- cited the need for additional time before reporting results for the year through March. About nine firms had suspended trading on the same day last year. The Hong Kong Exchange declined to comment in an emailed response to a Bloomberg News query on the halts.\nAmong the companies,Ares Asia Ltd., said it hadn’t yet completed assessment of impairments, thus delaying the release of its results. The firm aims to finalize its report by September and trading will remain suspended until further notice, it said in a filing to the exchange early Friday. Global Brands Group Holding Ltd. and Asia Cassava Resources Holdings Ltd. were among other companies reporting delays.\nEarlier this year on April 1, more than 50 Hong Kong-listed companies haltedtradingafter some didn’t meet a deadline to disclose earnings. By the end of April, some 40 firmsstill hadn’t deliveredtheir overdue reports.\nThese included GCL-Poly Energy Holdings Ltd., with its shares still halted after it released unaudited results and appointed anew auditor. China Huarong Asset Management Co. shares also remain suspended, with the firm saying earlier this week that its auditors needmore timeto complete work on its financial reports.\nMeanwhile, the Hang Seng Index slid as much as 1.8% as trading resumed after Thursday’s holiday. China’s CSI 300 Indexslumpedthe most since mid-March as investors rushed to offload shares after the ruling Communist Party’s 100th anniversary celebrations.\n“Today’s plunge is more related to broader concerns such as liquidity tightening and virus,” said Andy Wong, a fund manager at LW Asset Management. Most of the companies with trading halts are small-cap stocks that have little impact on index moves or overall market sentiment, he added.","news_type":1},"isVote":1,"tweetType":1,"viewCount":188,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":156137528,"gmtCreate":1625201240964,"gmtModify":1703738260792,"author":{"id":"4088175938003640","authorId":"4088175938003640","name":"majingki525","avatar":"https://static.tigerbbs.com/3c245a9a48a3c2d70ee0583c5056d9dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088175938003640","authorIdStr":"4088175938003640"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/156137528","repostId":"1183071173","repostType":4,"isVote":1,"tweetType":1,"viewCount":188,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144199201,"gmtCreate":1626270717903,"gmtModify":1703756778979,"author":{"id":"4088175938003640","authorId":"4088175938003640","name":"majingki525","avatar":"https://static.tigerbbs.com/3c245a9a48a3c2d70ee0583c5056d9dd","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088175938003640","authorIdStr":"4088175938003640"},"themes":[],"htmlText":"Wow!!!","listText":"Wow!!!","text":"Wow!!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/144199201","repostId":"1199661558","repostType":4,"repost":{"id":"1199661558","pubTimestamp":1626269221,"share":"https://ttm.financial/m/news/1199661558?lang=&edition=fundamental","pubTime":"2021-07-14 21:27","market":"us","language":"en","title":"BlackRock's CEO is concerned about inflation. But here's why he still sees stocks going higher","url":"https://stock-news.laohu8.com/highlight/detail?id=1199661558","media":"CNBC","summary":"BlackRock co-founder and CEO Larry Fink believes the long-term trend for the U.S. stock market remai","content":"<div>\n<p>BlackRock co-founder and CEO Larry Fink believes the long-term trend for the U.S. stock market remains strong, even after a robust rally over the past year since the coronavirus-driven plunge.\n“I’m ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/14/blackrocks-larry-fink-concerned-about-inflation-but-still-sees-stocks-going-higher.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BlackRock's CEO is concerned about inflation. But here's why he still sees stocks going higher</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\">\nBlackRock's CEO is concerned about inflation. But here's why he still sees stocks going higher\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-14 21:27 GMT+8 <a href=https://www.cnbc.com/2021/07/14/blackrocks-larry-fink-concerned-about-inflation-but-still-sees-stocks-going-higher.html><strong>CNBC</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>BlackRock co-founder and CEO Larry Fink believes the long-term trend for the U.S. stock market remains strong, even after a robust rally over the past year since the coronavirus-driven plunge.\n“I’m ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/14/blackrocks-larry-fink-concerned-about-inflation-but-still-sees-stocks-going-higher.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.cnbc.com/2021/07/14/blackrocks-larry-fink-concerned-about-inflation-but-still-sees-stocks-going-higher.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1199661558","content_text":"BlackRock co-founder and CEO Larry Fink believes the long-term trend for the U.S. stock market remains strong, even after a robust rally over the past year since the coronavirus-driven plunge.\n“I’m not trying to suggest that it’s going to be a straight-line upward and there could be disappointments going forward. But overall, with the amount of fiscal stimulus and monetary stimulus, and more importantly with the amount of cash that is looking to be put to work, I believe the trend line is still going to be upward,” Fink said in an interview on CNBC’s“Squawk Box”on Wednesday.\nFink, who also serves as chairman of the world’s largest asset manager, said it’s possible the market’s move higher is “maybe not as fast” as some would like to be in the second half of 2021.\n“Maybe it’s going to be very moderate for the next six months as we digest how the world is able to handle the delta variant and the speed in which vaccinations occur throughout the world,” Fink said, referring to the highly transmissible coronavirus strain that’s concerning public-health officials. “And then two, what is going to be inflation out six months and a year?”\nInflation and its impact on the economy and markets is a major topic at the moment, as U.S. economic activity picks up speed following pandemic-related slowdowns and disruptions.\nWhile Federal Reserve ChairmanJerome Powell and other central bank officials have maintained their expectation that higher-than-normal inflation will be temporary and tied largely to Covid reopening, Fink has a different view.\n“I worry about inflation. I do not believe inflation is going to be transitory,” Fink said. Instead, he said he thinks “it’s going to be more systematic over time.” He added, “How the Federal Reserve and how other central banks navigate that is going to be very important.”\nInflation in the U.S.largely came in belowthe central bank’s target of 2% in the years following the 2008 financial crisis. It’s been above that in recent data readings, including Tuesday’s consumer price index report for the month of June. Shortly after Fink spoke to CNBC, June’s producer price index came in above expectations, rising 1% month over month compared with estimates of a 0.6% gain.Year over year, headline PPI soared 7.3%and the core rate jumped 5.6%.\nFink said his prediction for hotter inflation is rooted in reasons greater than just pandemic-related supply chain bottlenecks, although the latter factor is important right now. “I believe it’s a fundamental, foundational change in how we navigate economic policy,” he said.\n“I think post-World War II our economic policy was based on consumerism. We always believed that the cheapest products for Americans was the best way that more Americans can have more things. I would say in the last five years, we’ve navigated away from that foundational belief and now we’re saying jobs are more important than consumerism,” Fink said.\nThere’s been a greater emphasis on making supply chains less geographically concentrated, Fink said. That includes efforts to relocate manufacturing to the U.S. after decades off them moving offshore.\n“That is going to probably lead to systematically more inflation,” Fink said.\nFink, who has become one of Wall Street’s loudest voices on taking action to fight climate change, also said the shift toward renewable energy away from fossil fuels is something to watch.\n“If we don’t focus on the demand curve in our energy transition, but only focus on supply, we are going to see rising energy prices. I raise the question, what does that mean if we have $100 oil or $120 oil [per barrel.] That’s going to be inflationary too,” Fink said.\nSome on Wall Street have predicted oil rising to $100 per barrel during the current energy cycle.\n“I’m firmly believing that we are going to see wage increases and all that, so all this spells to me that we’re going to have 3.5% inflation or more over the coming year,” Fink added.\nSome, such as the famed Wharton School finance professor Jeremy Siegel, contended higher inflation isnot a problem for the stock market. Siegel emphasized his view in a CNBC interview Tuesday, saying “I’m not selling my stocks” despite believing the Fed is wrong on inflation.\nThe potential impact on the stock market remains to be seen, Fink said.\n“If we’re able to pass on the prices and it doesn’t change the margin, or we’re able to create better productivity, which we’ve done over the past 20 odd years, then inflation is good for equities,” Fink said. “If the inflation is going to be absorbed in the margins without productivity then we’re going to see a flattening or declining margins. That is going to be the pivotal question related to equities.”\nFink’s comments Wednesday came after BlackRock reported better-than-expected earnings and revenue for its 2021 second quarter. Assets under managements also grew 30% year over year to $9.5 trillion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":581,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}