KoonLin personal page - To The Moon

KoonLin

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2023-06-14

Love this game, so addictive!

2023-06-14

Great ariticle, would you like to share it?

@TigerEvents:Light up your investing with Tiger, play and win prizes worth up to USD 999

2023-04-17

Great ariticle, would you like to share it?

@TigerEvents:【Game】Easter Egg Hunting with Tiger, Win Disney Shares and USD 120 Voucher

2022-06-17

Great ariticle, would you like to share it?

@TigerEvents:Happy Birthday to TIGER!!! This year, we have prepared a time machine to go on an adventure with you. Come and find surprising gifts as we stroll down memory lane!There are so many wonderful little stories in our Tiger Quest. Collect as many coins as you can in the game, these will be your basic points of this game. Apart from one mini-game mission for SG/AU/NZ, the games will be open every week, and there are endless treasures waiting for you to discover. Points can be redeemed for multiple rewards, and you can win a share of up to USD 200,000 worth of prizes! Want to win extra points? Check out these mini-games, try them, stay with us and be PAWSITIVE!Remember to collect the cards and spell out "T.I.G.E.R" during your journey for a chance to receive the limited edition 8th Anniversary Gi

2022-04-20

Great ariticle, would you like to share it?

@TigerEvents:🏆【GAME】Hunting Eggs for Extra Saving!

2022-04-01

$OVERSEA-CHINESE BANKING CORP(O39.SI)$still hold?🤔

2022-03-24

Go go!!

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2022-03-24

Good👍🏻

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2022-01-01

👀on the lookout

Could Apple's Market Cap Hit $4 Trillion in 2022?

2022-01-01

Happy New Year!!🥳🤑

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2021-09-21

?ohno

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2021-09-11

$THE HOUR GLASS LIMITED(AGS.SI)$been down after hitting its peak at 1.69, will it continue falling or up again??

2021-09-08

$Apple(AAPL)$yesss

2021-09-03

Store bullets & buy during sale

5 Reasons The Next Stock Bear Market And Recession Could Be The Worst Since The 1930s

2021-08-31

Woww?

2021-08-30

$152?

2021-08-17

Go!!

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2021-08-06

??

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2021-08-03

Interesting!

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2021-08-03

Great!

Toplines Before US Market Open on Monday

Go to Tiger App to see more news

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Simply jump and catch the egg, and you could be a lucky winner. 🐇That's not all. You can also invite your friends to join in the fun to earn more points. Plus, you can challenge your friends for a race up the leaderboard. Let's fly to the moon together!Don't miss out on this egg-citing opportunity to win BIG! Join the game now and hop on your way to victory. 🥳🐣<a href=\"https://www.tigerbrokers.com.sg/activity/market/2023/easter/?adcode=20230316162207#/\" target=\"_blank\">Join our Easter campaign now</a>","listText":"🐰🌷 Hop into the Easter spirit and join our \"Tiger's Egg Hunting\" game! 🎉Stand to win free Disney stocks and a USD 120 cash voucher!🎁🌟Our interactive Easter game is open to Tigers, and it's so easy to play! Simply jump and catch the egg, and you could be a lucky winner. 🐇That's not all. You can also invite your friends to join in the fun to earn more points. Plus, you can challenge your friends for a race up the leaderboard. 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Join the game now and hop on your way to victory. 🥳🐣Join our Easter campaign now","images":[{"img":"https://community-static.tradeup.com/news/c90a7371a3bcd1e6c552d2aa23f72c33","width":"1200","height":"630"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943960936","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":158,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9054415551,"gmtCreate":1655423010974,"gmtModify":1676535634383,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4089292008532580","authorIdStr":"4089292008532580"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054415551","repostId":"9022524674","repostType":1,"repost":{"id":9022524674,"gmtCreate":1653552819200,"gmtModify":1676535303082,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3527667667103859","authorIdStr":"3527667667103859"},"themes":[],"title":"Time Travel with Tiger, Join the Memorabilia Adventure Now!!!","htmlText":"\n \n \n  Happy Birthday to TIGER!!! This year, we have prepared a time machine to go on an adventure with you. Come and find surprising gifts as we stroll down memory lane!There are so many wonderful little stories in our Tiger Quest. Collect as many coins as you can in the game, these will be your basic points of this game. Apart from one mini-game mission for SG/AU/NZ, the games will be open every week, and there are endless treasures waiting for you to discover. Points can be redeemed for multiple rewards, and you can win a share of up to USD 200,000 worth of prizes! Want to win extra points? Check out these mini-games, try them, stay with us and be PAWSITIVE!Remember to collect the cards and spell out \"T.I.G.E.R\" during your journey for a chance to receive the limited edition 8th Anniversary Gi\n \n","listText":"Happy Birthday to TIGER!!! This year, we have prepared a time machine to go on an adventure with you. 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Come and find the eggs in our Easter game to open the surprise! Each game contains 3 rounds, the more eggs you catch, the higher the points you can get. Game points can be redeemed for various rewards, including different value stock vouchers worth up to USD 1,000 are waiting for you! Moreover, catching special eggs can get extra points and chances to crack open for some wonderful Easter treats.There are too many hidden surprises to find, oops, the game attempts run out too fast. Don't worry, complete different tasks to earn more game attempts. Also, invite your frien","listText":"Tiger has prepared some Easter gifts for you, please&nbsp;<a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/easter/\" target=\"_blank\">click&nbsp;here</a>&nbsp;to check them out!Easter can still be a bonus-boosting. Come and find the eggs in our Easter game to open the surprise! Each game contains 3 rounds, the more eggs you catch, the higher the points you can get. Game points can be redeemed for various rewards, including different value stock vouchers worth up to USD 1,000 are waiting for you! Moreover, catching special eggs can get extra points and chances to crack open for some wonderful Easter treats.There are too many hidden surprises to find, oops, the game attempts run out too fast. Don't worry, complete different tasks to earn more game attempts. Also, invite your frien","text":"Tiger has prepared some Easter gifts for you, please click here to check them out!Easter can still be a bonus-boosting. Come and find the eggs in our Easter game to open the surprise! Each game contains 3 rounds, the more eggs you catch, the higher the points you can get. Game points can be redeemed for various rewards, including different value stock vouchers worth up to USD 1,000 are waiting for you! Moreover, catching special eggs can get extra points and chances to crack open for some wonderful Easter treats.There are too many hidden surprises to find, oops, the game attempts run out too fast. Don't worry, complete different tasks to earn more game attempts. Also, invite your frien","images":[{"img":"https://community-static.tradeup.com/news/15b435c0d10e0e89ad3e06b7bbd04830","width":"2251","height":"1334"},{"img":"https://community-static.tradeup.com/news/ff9640a9df2f24446e07b7a9b658cb4b","width":"1200","height":"630"},{"img":"https://community-static.tradeup.com/news/795038848b7c7b1d7dda27d92b580946","width":"1656","height":"948"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9016476123","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":338,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9013472841,"gmtCreate":1648772443327,"gmtModify":1676534394758,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4089292008532580","authorIdStr":"4089292008532580"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/O39.SI\">$OVERSEA-CHINESE BANKING CORP(O39.SI)$</a>still hold?🤔","listText":"<a href=\"https://ttm.financial/S/O39.SI\">$OVERSEA-CHINESE BANKING CORP(O39.SI)$</a>still hold?🤔","text":"$OVERSEA-CHINESE BANKING CORP(O39.SI)$still hold?🤔","images":[{"img":"https://community-static.tradeup.com/news/2a85c391b9d32a4ad0ef5ecb52999531","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013472841","isVote":1,"tweetType":1,"viewCount":544,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9037530758,"gmtCreate":1648133129616,"gmtModify":1676534308071,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4089292008532580","authorIdStr":"4089292008532580"},"themes":[],"htmlText":"Go go!!","listText":"Go go!!","text":"Go go!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9037530758","repostId":"2221204380","repostType":2,"isVote":1,"tweetType":1,"viewCount":280,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9037174121,"gmtCreate":1648074582186,"gmtModify":1676534299328,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4089292008532580","authorIdStr":"4089292008532580"},"themes":[],"htmlText":"Good👍🏻","listText":"Good👍🏻","text":"Good👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9037174121","repostId":"1110448587","repostType":4,"isVote":1,"tweetType":1,"viewCount":459,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003535067,"gmtCreate":1641007257078,"gmtModify":1676533564161,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4089292008532580","authorIdStr":"4089292008532580"},"themes":[],"htmlText":"👀on the lookout","listText":"👀on the lookout","text":"👀on the lookout","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003535067","repostId":"2195448557","repostType":4,"repost":{"id":"2195448557","pubTimestamp":1640964603,"share":"https://ttm.financial/m/news/2195448557?lang=&edition=fundamental","pubTime":"2021-12-31 23:30","market":"us","language":"en","title":"Could Apple's Market Cap Hit $4 Trillion in 2022?","url":"https://stock-news.laohu8.com/highlight/detail?id=2195448557","media":"Motley Fool","summary":"As the Street wonders when Apple can break through the $3 trillion mark, investors should look even further ahead: Is a $4 trillion market cap on the horizon?","content":"<html><head></head><body><p>Shares of technology giant <b>Apple</b> (NASDAQ:AAPL) soared in 2021. As of Dec. 30, the stock had gained 34% in 2021. This put the market cap at more than $2.9 trillion.</p><p>While many recent headlines about the company have focused on its market capitalization approaching $3 trillion, investors might be wise to consider an even more bullish target: $4 trillion. Indeed, a close look at the stock suggests that a $4 trillion market cap could be within reach for the tech company in the near future -- possibly even within 2022.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/759ce68147322ebcd7995f48e3873e6e\" tg-width=\"700\" tg-height=\"393\" referrerpolicy=\"no-referrer\"/><span>Image source: Getty Images.</span></p><h2>The path to $4 trillion</h2><p>A close look at Apple stock&#39;s conservative valuation and the company&#39;s broad-based momentum makes a good case for shares being undervalued today, setting the stage for a potential $4 trillion market capitalization in 2022.</p><p>The first way Apple stock could gain is simply through expansion in its valuation multiple. Some megacap stocks trade at substantially higher multiples relative to their free cash flow (FCF) than Apple does. If Apple can close the gap and command a similar premium, multiple expansion alone could help the stock rise substantially.</p><p>Consider that <b>Microsoft</b> (NASDAQ:MSFT) trades at 42 times its free cash flow. Apple, meanwhile, trades at only 31 times its FCF. Apple&#39;s stock price would have to rise 35% for its FCF valuation multiple to match Microsoft&#39;s. This alone would put the company&#39;s market capitalization at about $4 trillion.</p><p>There is actually a good case for Apple stock&#39;s valuation to see multiple expansion in the coming years: The tech giant&#39;s services business, which is a more reliable revenue source than its products, is growing as a percentage of Apple&#39;s total business. With a more predictable and reliable revenue source (that appears to still have lots of upside) increasingly driving Apple&#39;s growth, investors may start rewarding the stock with higher valuation multiples. In fiscal 2021, Apple&#39;s services revenue was 19% of revenue, up from less than 18% of revenue two years ago and 15% three years ago.</p><p>But even without this much multiple expansion, strong fundamentals could lift Apple shares meaningfully in 2022 and beyond. Consider that the company is seeing strong double-digit revenue growth recently, with record fiscal fourth-quarter revenue across every geographic and product segment. Specifically, Apple&#39;s fiscal fourth-quarter revenue came in at $83.4 billion, up from $64.7 billion in the year-ago quarter. But management estimates that revenue for the period would have been $6 billion higher if it weren&#39;t for supply constraints during the period.</p><p>Suffice to say, Apple&#39;s business is firing on all cylinders. With momentum in every geographic and product segment, it wouldn&#39;t be surprising to see double-digit growth rates in the company&#39;s revenue and free cash flow in fiscal 2022, providing solid substance for more share gains.</p><h2>Expect a bumpy ride</h2><p>While it is possible that Apple&#39;s market capitalization swells to $4 trillion before the end of 2022, there are no guarantees in investing. Even if everything goes well for Apple as a business, the stock itself could do poorly in the near term. Sometimes, for one reason or another, stocks fall in and out of favor. So even though shares appear undervalued today, the stock could fall before it rises.</p><p>And there&#39;s always a chance that Apple sees multiple <i>compression</i> instead of multiple expansion. While Apple&#39;s business fundamentals appear worthy of a Microsoft-like premium, the company&#39;s shares have usually traded at a discount to Microsoft&#39;s in terms of valuation multiples because Microsoft&#39;s business model is considered to be more sustainable and less dependent on blockbuster product hits like new iPhones. Apple notably also makes more than half of its sales from a single product: the iPhone. Its heavy reliance on a single product segment generally makes Wall Street view the stock as risker than Microsoft, which has a business primarily made up of recurring revenue from various software and services sources.</p><p>But given Apple&#39;s long history of pricing power, loyal customers, and an ability to bring to market products in entirely new categories every now and then, the tech company will likely keep succeeding -- and its market cap could march toward $4 trillion.</p></body></html>","source":"fool_stock","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>Could Apple's Market Cap Hit $4 Trillion in 2022?</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\">\nCould Apple's Market Cap Hit $4 Trillion in 2022?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-31 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/12/31/could-apples-market-cap-hit-4-trillion-in-2022/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of technology giant Apple (NASDAQ:AAPL) soared in 2021. As of Dec. 30, the stock had gained 34% in 2021. This put the market cap at more than $2.9 trillion.While many recent headlines about the...</p>\n\n<a href=\"https://www.fool.com/investing/2021/12/31/could-apples-market-cap-hit-4-trillion-in-2022/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4097":"系统软件","BK4505":"高瓴资本持仓","BK4504":"桥水持仓","BK4170":"电脑硬件、储存设备及电脑周边","BK4548":"巴美列捷福持仓","BK4516":"特朗普概念","BK4528":"SaaS概念","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","BK4515":"5G概念","BK4553":"喜马拉雅资本持仓","BK4567":"ESG概念","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","BK4211":"区域性银行","BK4525":"远程办公概念","FCF":"第一联邦金融","AAPL":"苹果","BK4535":"淡马锡持仓","BK4501":"段永平概念","BK4538":"云计算","MSFT":"微软","BK4559":"巴菲特持仓","BK4527":"明星科技股","BK4550":"红杉资本持仓","BK4503":"景林资产持仓"},"source_url":"https://www.fool.com/investing/2021/12/31/could-apples-market-cap-hit-4-trillion-in-2022/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2195448557","content_text":"Shares of technology giant Apple (NASDAQ:AAPL) soared in 2021. As of Dec. 30, the stock had gained 34% in 2021. This put the market cap at more than $2.9 trillion.While many recent headlines about the company have focused on its market capitalization approaching $3 trillion, investors might be wise to consider an even more bullish target: $4 trillion. Indeed, a close look at the stock suggests that a $4 trillion market cap could be within reach for the tech company in the near future -- possibly even within 2022.Image source: Getty Images.The path to $4 trillionA close look at Apple stock's conservative valuation and the company's broad-based momentum makes a good case for shares being undervalued today, setting the stage for a potential $4 trillion market capitalization in 2022.The first way Apple stock could gain is simply through expansion in its valuation multiple. Some megacap stocks trade at substantially higher multiples relative to their free cash flow (FCF) than Apple does. If Apple can close the gap and command a similar premium, multiple expansion alone could help the stock rise substantially.Consider that Microsoft (NASDAQ:MSFT) trades at 42 times its free cash flow. Apple, meanwhile, trades at only 31 times its FCF. Apple's stock price would have to rise 35% for its FCF valuation multiple to match Microsoft's. This alone would put the company's market capitalization at about $4 trillion.There is actually a good case for Apple stock's valuation to see multiple expansion in the coming years: The tech giant's services business, which is a more reliable revenue source than its products, is growing as a percentage of Apple's total business. With a more predictable and reliable revenue source (that appears to still have lots of upside) increasingly driving Apple's growth, investors may start rewarding the stock with higher valuation multiples. In fiscal 2021, Apple's services revenue was 19% of revenue, up from less than 18% of revenue two years ago and 15% three years ago.But even without this much multiple expansion, strong fundamentals could lift Apple shares meaningfully in 2022 and beyond. Consider that the company is seeing strong double-digit revenue growth recently, with record fiscal fourth-quarter revenue across every geographic and product segment. Specifically, Apple's fiscal fourth-quarter revenue came in at $83.4 billion, up from $64.7 billion in the year-ago quarter. But management estimates that revenue for the period would have been $6 billion higher if it weren't for supply constraints during the period.Suffice to say, Apple's business is firing on all cylinders. With momentum in every geographic and product segment, it wouldn't be surprising to see double-digit growth rates in the company's revenue and free cash flow in fiscal 2022, providing solid substance for more share gains.Expect a bumpy rideWhile it is possible that Apple's market capitalization swells to $4 trillion before the end of 2022, there are no guarantees in investing. Even if everything goes well for Apple as a business, the stock itself could do poorly in the near term. Sometimes, for one reason or another, stocks fall in and out of favor. So even though shares appear undervalued today, the stock could fall before it rises.And there's always a chance that Apple sees multiple compression instead of multiple expansion. While Apple's business fundamentals appear worthy of a Microsoft-like premium, the company's shares have usually traded at a discount to Microsoft's in terms of valuation multiples because Microsoft's business model is considered to be more sustainable and less dependent on blockbuster product hits like new iPhones. Apple notably also makes more than half of its sales from a single product: the iPhone. Its heavy reliance on a single product segment generally makes Wall Street view the stock as risker than Microsoft, which has a business primarily made up of recurring revenue from various software and services sources.But given Apple's long history of pricing power, loyal customers, and an ability to bring to market products in entirely new categories every now and then, the tech company will likely keep succeeding -- and its market cap could march toward $4 trillion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":385,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003536611,"gmtCreate":1641007067966,"gmtModify":1676533564136,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4089292008532580","authorIdStr":"4089292008532580"},"themes":[],"htmlText":"Happy New Year!!🥳🤑","listText":"Happy New Year!!🥳🤑","text":"Happy New Year!!🥳🤑","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003536611","repostId":"2200744536","repostType":2,"isVote":1,"tweetType":1,"viewCount":596,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860689085,"gmtCreate":1632175867947,"gmtModify":1676530715696,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4089292008532580","authorIdStr":"4089292008532580"},"themes":[],"htmlText":"?ohno","listText":"?ohno","text":"?ohno","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860689085","repostId":"1147005019","repostType":4,"isVote":1,"tweetType":1,"viewCount":136,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":881181249,"gmtCreate":1631317193781,"gmtModify":1676530525593,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4089292008532580","authorIdStr":"4089292008532580"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AGS.SI\">$THE HOUR GLASS LIMITED(AGS.SI)$</a>been down after hitting its peak at 1.69, will it continue falling or up again??","listText":"<a href=\"https://laohu8.com/S/AGS.SI\">$THE HOUR GLASS LIMITED(AGS.SI)$</a>been down after hitting its peak at 1.69, will it continue falling or up again??","text":"$THE HOUR GLASS LIMITED(AGS.SI)$been down after hitting its peak at 1.69, will it continue falling or up again??","images":[{"img":"https://static.tigerbbs.com/e0ec9a40d7796118c0f5fc544df71103","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/881181249","isVote":1,"tweetType":1,"viewCount":200,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":880210814,"gmtCreate":1631059457438,"gmtModify":1676530454107,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4089292008532580","authorIdStr":"4089292008532580"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>yesss&nbsp;","listText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>yesss&nbsp;","text":"$Apple(AAPL)$yesss","images":[{"img":"https://static.tigerbbs.com/7c0158bdb6a678c5a6235c6580510eba","width":"1080","height":"2528"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/880210814","isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":812721106,"gmtCreate":1630626355805,"gmtModify":1676530357903,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4089292008532580","authorIdStr":"4089292008532580"},"themes":[],"htmlText":"Store bullets &amp; buy during sale","listText":"Store bullets &amp; buy during sale","text":"Store bullets & buy during sale","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/812721106","repostId":"1146170136","repostType":4,"repost":{"id":"1146170136","pubTimestamp":1630576860,"share":"https://ttm.financial/m/news/1146170136?lang=&edition=fundamental","pubTime":"2021-09-02 18:01","market":"us","language":"en","title":"5 Reasons The Next Stock Bear Market And Recession Could Be The Worst Since The 1930s","url":"https://stock-news.laohu8.com/highlight/detail?id=1146170136","media":"seekingalpha","summary":"Summary\n\nThe first reason we believe the next stock bear market and recession will be the worst sinc","content":"<p>Summary</p>\n<ul>\n <li>The first reason we believe the next stock bear market and recession will be the worst since the 1930s is due to extremely high asset valuations.</li>\n <li>The second reason is due to extraordinarily bullish investor sentiment.</li>\n <li>The third reason is due to weak economic fundamentals.</li>\n <li>The fourth reason is due to excessive debt levels.</li>\n <li>The fifth reason is due to limited policy options.</li>\n</ul>\n<p>With the S&amp;P 500 (SPY) at all-time highs and seemingly endless “free liquidity” being provided by the Fed, the last thing most investors can envision right now is a major bear market or recession - particularly ones that will be the worst since the Great Depression of the 1930s!</p>\n<p>But the facts we will detail in this article show that is&nbsp;<i>highly likely</i>&nbsp;to be the case. This is an extraordinary statement, but we are living in extraordinary times! Investors need to understand the risks they are facing now in order to prepare and profit from them in the future.</p>\n<p>Here are the five key reasons we believe the next stock bear market and recession will be worse than the Great Recession of 2008-2009 (when the S&amp;P 500 fell 58% and it took about six years to recover), which will make it the worst since the 1930s (when the S&amp;P 500 fell 86% and it took about 25 years to recover):</p>\n<p><b>1. Extremely High Asset Valuations</b></p>\n<p>Informed investors know that we are currently in an “Everything Bubble” driven by massive and persistent central bank money creation. Virtually every major financial asset is overvalued and priced to deliver low - or even negative - long-term returns.</p>\n<p>For example, the Shiller P/E Ratio shown below is 30% higher than it was at the 1929 peak and is nearly as high as the all-time high in 2000. TheShiller P/E Ratiowas created by economist Robert Shiller and is calculated as the price of the S&amp;P 500 divided by the average past 10 years of earnings, adjusted for inflation. It attempts to smooth the cyclicality of earnings. Historically, high Shiller P/E Ratios have led to below-average long-term returns.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/66f9a3f8fedee54d3a30a15b70138ab5\" tg-width=\"640\" tg-height=\"344\" referrerpolicy=\"no-referrer\"><span>Source: Chart courtesy ofShiller PE Ratio, with annotations by Jon Wolfenbarger, CFA.</span></p>\n<p>Warren Buffett’s favorite valuation measure- and the one that best predicts future long-term stock market returns - is the Stock Market Capitalization To GDP Ratio, which is shown below. Based on this measure, stocks are trading 30% higher than the prior all-time high at the Tech Bubble peak of 2000! Stocks would have to fall over 60% for this ratio to return to the levels it reached at the stock market bottom in March 2009.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d270087f9958674d30bed139425fe08e\" tg-width=\"640\" tg-height=\"264\" referrerpolicy=\"no-referrer\"><span>Source: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.</span></p>\n<p>It is not just stocks that are priced to deliver poor returns. US Treasury bills and bonds are trading at historically low interest rates not far above zero (and some countries have negative interest rates), assuring very low returns until maturity. Also, corporate bond yields relative to Treasury bond yields are at historically low levels.</p>\n<p>Real estate is also expensive, with REITs trading at historically low dividend yields. And as shown in the chart below of theS&amp;P/Case-Shiller 20-City Home Price Index, home prices are currently 27% higher than they were at the housing bubble peak of 2006!</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c011c579b31844dd761b260b1adb7600\" tg-width=\"640\" tg-height=\"281\" referrerpolicy=\"no-referrer\"><span>Source: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.</span></p>\n<p>Importantly, not only do high valuations lead to low long-term returns but they also usually lead to devastating bear markets on the path to those low long-term returns.</p>\n<p><b>2. Extraordinarily Bullish Investor Sentiment</b></p>\n<p>Along with high asset valuations, investor sentiment is at sky-high levels of bullishness. When investors are very bullish, that is a bearish contrarian indicator.</p>\n<p>The best investor sentiment indicators show where investors are actually putting their hard-earned money in anticipation of making a profit, not just what they say their “mood” is. For sentiment, we focus on investor<i>actions</i>, not<i>words</i>.</p>\n<p>One excellent sentiment indicator is the Equity Put/Call Ratio. When investors are bearish, they buy Put options in anticipation of profiting from a fall in stock prices. When they are bullish, they buy Call options in anticipation of profiting from a rise in stock prices. When the ratio of Puts to Calls is very high, that shows investors are very bearish, which is a bullish contrarian indicator. Conversely, when the ratio of Puts to Calls is very low, that shows investors are very bullish, which is a bearish contrarian indicator.</p>\n<p>The chart below shows the Equity Put/Call Ratio, using the 100-day moving average to reduce short-term noise in this indicator. Over the past year, it has fallen to extremely low levels - well below those seen at the stock market peak in 2007.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f4ac510219add2cccd009014b44162b\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"><span>Source: Chart courtesy ofStockCharts.com, with annotations by Jon Wolfenbarger, CFA.</span></p>\n<p>The next chart is the Rydex Asset Ratio, which is the ratio of investor assets in all Rydex bear and money market funds (bearish positioning) compared to investor assets in all Rydex bull funds (bullish positioning). As you can see, investors have been very bullishly positioned in US stocks for over seven years! The last time investors approached this level of bullishness was around the Tech Bubble peak of 2000.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/30902a5fd01f363fd7dc95147f34735a\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"><span>Source: Chart courtesy ofStockCharts.com, with annotations by Jon Wolfenbarger, CFA.</span></p>\n<p>When the majority of investors are already very bullish and “all in”, there is no one left to buy and lots of potential sellers when something changes, as it always does. Most investors will be shocked when their bullish expectations meet the harsh reality of a major bear market.</p>\n<p><b>3. Weak Economic Fundamentals</b></p>\n<p>The US economy is not as strong as it used to be. That is certainly true in the wake of the Covid pandemic, but it has also been true for the past two decades. All of the taxes, regulations and other government interventions in the economy in recent decades have created a weaker and more fragile economy that will make the next recession even worse.</p>\n<p>The chart below of Industrial Production shows it is only 8% higher than at the 2000 peak and is 1% lower than at the 2007 peak. It has nearly flatlined over the past two decades. That is much weaker than the 3.9% annual growth in Industrial Production from 1920 to 2000.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b3b30a4514e3707d1aaaf03a81dd5d3d\" tg-width=\"640\" tg-height=\"276\" referrerpolicy=\"no-referrer\"><span>Source: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.</span></p>\n<p>Total Nonfarm Employment, shown below, grew at a 2.5% annual rate from 1940 to 2000. Similar to Industrial Production, Employment has nearly flatlined over the past two decades. It has increased only 10% since the 2000 peak and only 6% since the 2007 peak. Sadly, it is still nearly 4% below the February 2020 peak.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5c7778bd8479e8800718b3abdcdf0dfb\" tg-width=\"640\" tg-height=\"275\" referrerpolicy=\"no-referrer\"><span>Source: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.</span></p>\n<p><b>4. Excessive Debt Levels</b></p>\n<p>The chart below shows the US Total Debt To GDP Ratio is near recent all-time highs at 3.8 times (or 380%), even higher than the high levels preceding the Great Recession. Global Debt To GDP is also at record high levels over 300%, as is US Federal Debt To GDP at 125%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/563808ddc51f6a6b821f4abde5f62d17\" tg-width=\"640\" tg-height=\"242\" referrerpolicy=\"no-referrer\"><span>Source: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.</span></p>\n<p>Excessive debt has been the problem with every financial crisis in history, due to prior money creation out of thin air. So the next one promises to be one for the history books given these unprecedented high debt levels. Debt liquidation and defaults will lead to deflation, particularly for asset prices, as we saw in the Great Recession and even more so in the Great Depression.</p>\n<p><b>5. Limited Policy Options</b></p>\n<p>The primary “bull case” for the stock market and economy over the past 12 years since the Great Recession ended has been “free liquidity” provided in seemingly endless amounts by the Federal Reserve. It is almost as though money really does grow on trees!</p>\n<p>But money created out of thin air does not create new goods and services that improve living standards. If it did, a place likeZimbabwewould be the wealthiest country in the world. However, newly created money can flow into financial assets, which helps explain why valuation levels are so high.</p>\n<p>The graph below shows “Austrian” Money Supply (AMS), the best measure of money supply that is consistent withthis Austrian School of Economics definition(although it no longer includes traveler’s checks, which have been discontinued in the Fed’s database due to limited use these days). AMS is up 40% since February 2020 and is up an astounding 225% since the Great Recession ended in June 2009!</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3844fc699c58ff48effcc5918378bfcd\" tg-width=\"640\" tg-height=\"261\" referrerpolicy=\"no-referrer\"><span>Source: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.</span></p>\n<p>This is well above the money supply growth that drove the Roaring ‘20s and ultimately led to the Great Depression of the 1930s, as detailed in economist Murray N. Rothbard’s definitive history of that period in his book<i>America’s Great Depression</i>. In this book, heexplained the cause of the boom and bust business cycle:</p>\n<p><i>The “boom-bust” cycle is generated by monetary intervention in the market, specifically bank credit expansion to business…[B]ank credit expansion sets into motion the business cycle in all its phases: the inflationary boom, marked by expansion of the money supply and by malinvestment; the crisis, which arrives when credit expansion ceases and malinvestments become evident; and the depression recovery, the necessary adjustment process by which the economy returns to the most efficient ways of satisfying consumer desires.</i></p>\n<p>All this money creation has enabled the Fed to target theFederal Funds Rateat only 0.1%, as shown below. While that is above the negative interest rates prevailing in some countries, it doesn’t leave much room for the Fed to cut rates to try to prevent a recession, particularly with inflation at over 5% now. And as the chart shows, the Fed cut rates throughout the prior three recessions and bear markets and was not able to stop them, since the market is bigger than the Fed. This leaves the stock market and economy very vulnerable in the next downturn, with potentially no “safety nets” to protect them.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/62449341ea09ce506389102e838a6cf4\" tg-width=\"640\" tg-height=\"262\" referrerpolicy=\"no-referrer\"><span>Source: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.</span></p>\n<p>Lastly, for the Keynesian economists who still believe the dogma that Federal budget deficits can prevent a recession - despite any evidence or logical theory to support it - the current Federal Budget Surplus/Deficit To GDP Ratio of -15% is the worst since World War II, as shown below. Given record-high government debt levels and deficits, how much more deficit spending will bond investors be willing to finance? And what good will it do, since deficits did not prevent the Great Recession?</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/26c9f09598045b1c92a037cc0e326f86\" tg-width=\"640\" tg-height=\"275\" width=\"100%\" height=\"auto\"><span>Source: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.</span></p>\n<p><b>Implications For Investors</b></p>\n<p>There is much more that can be said to prove our case, but hopefully, the facts provided in this article are sufficient for investors to understand the current risks in financial assets and the economy.</p>\n<p>While the exact timing of the next bear market and recession is unknown and there are currently no signs of it with stocks at all-time highs, now is the time for investors to seek out information on how to identify the tell-tale signs of bear markets and how to profit from them, rather than being decimated by them, as the majority of investors, unfortunately, will be.</p>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\n5 Reasons The Next Stock Bear Market And Recession Could Be The Worst Since The 1930s\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-02 18:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4452860-5-reasons-the-next-stock-bear-market-and-recession-could-be-the-worst-since-the-1930s><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe first reason we believe the next stock bear market and recession will be the worst since the 1930s is due to extremely high asset valuations.\nThe second reason is due to extraordinarily ...</p>\n\n<a href=\"https://seekingalpha.com/article/4452860-5-reasons-the-next-stock-bear-market-and-recession-could-be-the-worst-since-the-1930s\">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://seekingalpha.com/article/4452860-5-reasons-the-next-stock-bear-market-and-recession-could-be-the-worst-since-the-1930s","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1146170136","content_text":"Summary\n\nThe first reason we believe the next stock bear market and recession will be the worst since the 1930s is due to extremely high asset valuations.\nThe second reason is due to extraordinarily bullish investor sentiment.\nThe third reason is due to weak economic fundamentals.\nThe fourth reason is due to excessive debt levels.\nThe fifth reason is due to limited policy options.\n\nWith the S&P 500 (SPY) at all-time highs and seemingly endless “free liquidity” being provided by the Fed, the last thing most investors can envision right now is a major bear market or recession - particularly ones that will be the worst since the Great Depression of the 1930s!\nBut the facts we will detail in this article show that is highly likely to be the case. This is an extraordinary statement, but we are living in extraordinary times! Investors need to understand the risks they are facing now in order to prepare and profit from them in the future.\nHere are the five key reasons we believe the next stock bear market and recession will be worse than the Great Recession of 2008-2009 (when the S&P 500 fell 58% and it took about six years to recover), which will make it the worst since the 1930s (when the S&P 500 fell 86% and it took about 25 years to recover):\n1. Extremely High Asset Valuations\nInformed investors know that we are currently in an “Everything Bubble” driven by massive and persistent central bank money creation. Virtually every major financial asset is overvalued and priced to deliver low - or even negative - long-term returns.\nFor example, the Shiller P/E Ratio shown below is 30% higher than it was at the 1929 peak and is nearly as high as the all-time high in 2000. TheShiller P/E Ratiowas created by economist Robert Shiller and is calculated as the price of the S&P 500 divided by the average past 10 years of earnings, adjusted for inflation. It attempts to smooth the cyclicality of earnings. Historically, high Shiller P/E Ratios have led to below-average long-term returns.\nSource: Chart courtesy ofShiller PE Ratio, with annotations by Jon Wolfenbarger, CFA.\nWarren Buffett’s favorite valuation measure- and the one that best predicts future long-term stock market returns - is the Stock Market Capitalization To GDP Ratio, which is shown below. Based on this measure, stocks are trading 30% higher than the prior all-time high at the Tech Bubble peak of 2000! Stocks would have to fall over 60% for this ratio to return to the levels it reached at the stock market bottom in March 2009.\nSource: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.\nIt is not just stocks that are priced to deliver poor returns. US Treasury bills and bonds are trading at historically low interest rates not far above zero (and some countries have negative interest rates), assuring very low returns until maturity. Also, corporate bond yields relative to Treasury bond yields are at historically low levels.\nReal estate is also expensive, with REITs trading at historically low dividend yields. And as shown in the chart below of theS&P/Case-Shiller 20-City Home Price Index, home prices are currently 27% higher than they were at the housing bubble peak of 2006!\nSource: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.\nImportantly, not only do high valuations lead to low long-term returns but they also usually lead to devastating bear markets on the path to those low long-term returns.\n2. Extraordinarily Bullish Investor Sentiment\nAlong with high asset valuations, investor sentiment is at sky-high levels of bullishness. When investors are very bullish, that is a bearish contrarian indicator.\nThe best investor sentiment indicators show where investors are actually putting their hard-earned money in anticipation of making a profit, not just what they say their “mood” is. For sentiment, we focus on investoractions, notwords.\nOne excellent sentiment indicator is the Equity Put/Call Ratio. When investors are bearish, they buy Put options in anticipation of profiting from a fall in stock prices. When they are bullish, they buy Call options in anticipation of profiting from a rise in stock prices. When the ratio of Puts to Calls is very high, that shows investors are very bearish, which is a bullish contrarian indicator. Conversely, when the ratio of Puts to Calls is very low, that shows investors are very bullish, which is a bearish contrarian indicator.\nThe chart below shows the Equity Put/Call Ratio, using the 100-day moving average to reduce short-term noise in this indicator. Over the past year, it has fallen to extremely low levels - well below those seen at the stock market peak in 2007.\nSource: Chart courtesy ofStockCharts.com, with annotations by Jon Wolfenbarger, CFA.\nThe next chart is the Rydex Asset Ratio, which is the ratio of investor assets in all Rydex bear and money market funds (bearish positioning) compared to investor assets in all Rydex bull funds (bullish positioning). As you can see, investors have been very bullishly positioned in US stocks for over seven years! The last time investors approached this level of bullishness was around the Tech Bubble peak of 2000.\nSource: Chart courtesy ofStockCharts.com, with annotations by Jon Wolfenbarger, CFA.\nWhen the majority of investors are already very bullish and “all in”, there is no one left to buy and lots of potential sellers when something changes, as it always does. Most investors will be shocked when their bullish expectations meet the harsh reality of a major bear market.\n3. Weak Economic Fundamentals\nThe US economy is not as strong as it used to be. That is certainly true in the wake of the Covid pandemic, but it has also been true for the past two decades. All of the taxes, regulations and other government interventions in the economy in recent decades have created a weaker and more fragile economy that will make the next recession even worse.\nThe chart below of Industrial Production shows it is only 8% higher than at the 2000 peak and is 1% lower than at the 2007 peak. It has nearly flatlined over the past two decades. That is much weaker than the 3.9% annual growth in Industrial Production from 1920 to 2000.\nSource: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.\nTotal Nonfarm Employment, shown below, grew at a 2.5% annual rate from 1940 to 2000. Similar to Industrial Production, Employment has nearly flatlined over the past two decades. It has increased only 10% since the 2000 peak and only 6% since the 2007 peak. Sadly, it is still nearly 4% below the February 2020 peak.\nSource: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.\n4. Excessive Debt Levels\nThe chart below shows the US Total Debt To GDP Ratio is near recent all-time highs at 3.8 times (or 380%), even higher than the high levels preceding the Great Recession. Global Debt To GDP is also at record high levels over 300%, as is US Federal Debt To GDP at 125%.\nSource: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.\nExcessive debt has been the problem with every financial crisis in history, due to prior money creation out of thin air. So the next one promises to be one for the history books given these unprecedented high debt levels. Debt liquidation and defaults will lead to deflation, particularly for asset prices, as we saw in the Great Recession and even more so in the Great Depression.\n5. Limited Policy Options\nThe primary “bull case” for the stock market and economy over the past 12 years since the Great Recession ended has been “free liquidity” provided in seemingly endless amounts by the Federal Reserve. It is almost as though money really does grow on trees!\nBut money created out of thin air does not create new goods and services that improve living standards. If it did, a place likeZimbabwewould be the wealthiest country in the world. However, newly created money can flow into financial assets, which helps explain why valuation levels are so high.\nThe graph below shows “Austrian” Money Supply (AMS), the best measure of money supply that is consistent withthis Austrian School of Economics definition(although it no longer includes traveler’s checks, which have been discontinued in the Fed’s database due to limited use these days). AMS is up 40% since February 2020 and is up an astounding 225% since the Great Recession ended in June 2009!\nSource: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.\nThis is well above the money supply growth that drove the Roaring ‘20s and ultimately led to the Great Depression of the 1930s, as detailed in economist Murray N. Rothbard’s definitive history of that period in his bookAmerica’s Great Depression. In this book, heexplained the cause of the boom and bust business cycle:\nThe “boom-bust” cycle is generated by monetary intervention in the market, specifically bank credit expansion to business…[B]ank credit expansion sets into motion the business cycle in all its phases: the inflationary boom, marked by expansion of the money supply and by malinvestment; the crisis, which arrives when credit expansion ceases and malinvestments become evident; and the depression recovery, the necessary adjustment process by which the economy returns to the most efficient ways of satisfying consumer desires.\nAll this money creation has enabled the Fed to target theFederal Funds Rateat only 0.1%, as shown below. While that is above the negative interest rates prevailing in some countries, it doesn’t leave much room for the Fed to cut rates to try to prevent a recession, particularly with inflation at over 5% now. And as the chart shows, the Fed cut rates throughout the prior three recessions and bear markets and was not able to stop them, since the market is bigger than the Fed. This leaves the stock market and economy very vulnerable in the next downturn, with potentially no “safety nets” to protect them.\nSource: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.\nLastly, for the Keynesian economists who still believe the dogma that Federal budget deficits can prevent a recession - despite any evidence or logical theory to support it - the current Federal Budget Surplus/Deficit To GDP Ratio of -15% is the worst since World War II, as shown below. Given record-high government debt levels and deficits, how much more deficit spending will bond investors be willing to finance? And what good will it do, since deficits did not prevent the Great Recession?\nSource: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.\nImplications For Investors\nThere is much more that can be said to prove our case, but hopefully, the facts provided in this article are sufficient for investors to understand the current risks in financial assets and the economy.\nWhile the exact timing of the next bear market and recession is unknown and there are currently no signs of it with stocks at all-time highs, now is the time for investors to seek out information on how to identify the tell-tale signs of bear markets and how to profit from them, rather than being decimated by them, as the majority of investors, unfortunately, will be.","news_type":1},"isVote":1,"tweetType":1,"viewCount":229,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":811756956,"gmtCreate":1630361694375,"gmtModify":1676530278141,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4089292008532580","authorIdStr":"4089292008532580"},"themes":[],"htmlText":"Woww?","listText":"Woww?","text":"Woww?","images":[{"img":"https://static.tigerbbs.com/d978322621f97c77c771ccc9b71c78a9","width":"1080","height":"3543"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/811756956","isVote":1,"tweetType":1,"viewCount":87,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":811560273,"gmtCreate":1630332427792,"gmtModify":1676530272305,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4089292008532580","authorIdStr":"4089292008532580"},"themes":[],"htmlText":"$152?","listText":"$152?","text":"$152?","images":[{"img":"https://static.tigerbbs.com/9eeced3e15d601192b2d95985252ba2b","width":"1080","height":"3444"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/811560273","isVote":1,"tweetType":1,"viewCount":94,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":839698865,"gmtCreate":1629155288857,"gmtModify":1676529945087,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4089292008532580","authorIdStr":"4089292008532580"},"themes":[],"htmlText":"Go!!","listText":"Go!!","text":"Go!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/839698865","repostId":"1107849010","repostType":2,"isVote":1,"tweetType":1,"viewCount":96,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899246498,"gmtCreate":1628203862014,"gmtModify":1703502930296,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4089292008532580","authorIdStr":"4089292008532580"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899246498","repostId":"1102705333","repostType":4,"isVote":1,"tweetType":1,"viewCount":137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804128601,"gmtCreate":1627946781103,"gmtModify":1703498200921,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4089292008532580","authorIdStr":"4089292008532580"},"themes":[],"htmlText":"Interesting!","listText":"Interesting!","text":"Interesting!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/804128601","repostId":"2156511670","repostType":4,"isVote":1,"tweetType":1,"viewCount":179,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804121309,"gmtCreate":1627946709901,"gmtModify":1703498198789,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4089292008532580","authorIdStr":"4089292008532580"},"themes":[],"htmlText":"Great!","listText":"Great!","text":"Great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804121309","repostId":"1191057621","repostType":4,"repost":{"id":"1191057621","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":1627905199,"share":"https://ttm.financial/m/news/1191057621?lang=&edition=fundamental","pubTime":"2021-08-02 19:53","market":"us","language":"en","title":"Toplines Before US Market Open on Monday","url":"https://stock-news.laohu8.com/highlight/detail?id=1191057621","media":"Tiger Newspress","summary":"Futures rise amid earnings optimism; Dollar dips.\nSquare, Moderna, First Solar and more made the big","content":"<ul>\n <li>Futures rise amid earnings optimism; Dollar dips.</li>\n <li>Square, Moderna, First Solar and more made the biggest moves in the premarket.</li>\n <li>Treasuries steady; crude oil declines on China outlook.</li>\n</ul>\n<p>(August&nbsp;2)&nbsp;U.S. index futures gained along with European stocks as upbeat earnings and a surge in corporatedealmakinglifted sentiment, offsetting lingering concerns over China’s regulatory crackdown and the spread of the delta virus variant.</p>\n<p>U.S. S&amp;P 500 E-minis were up 19.5 points, or 0.44%, at 07:52 a.m. ET. Dow E-minis gained 118 points, or 0.34%, while Nasdaq 100 E-minis rose 66.75 points, or 0.45%.</p>\n<p><img src=\"https://static.tigerbbs.com/ffb408f47638770562209367ca7ab1f1\" tg-width=\"1242\" tg-height=\"517\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Stocks making the biggest moves in the premarket:</b></p>\n<p><b>1)&nbsp;Square(SQ)</b> – The digital payments company agreed to buy Australia’s Afterpayfor about $29 billion in stock, representing a roughly 30% premium for Afterpay shareholders. Square shares fell 4.8% in the premarket, but news of the deal boosted shares of U.S.-based payment companyAffirm(AFRM) by 8.2%.</p>\n<p><b>2)&nbsp;Zoom Video(ZM) </b>– The video conferencing companyagreed to pay $85 millionto settle a lawsuit accusing it violated the privacy rights of users. It also agreed to beef up its security practices to prevent so-called “Zoombombing,” where hackers disrupted Zoom meetings.</p>\n<p><b>3)&nbsp;General Electric(GE)</b> – GE has completed its previously announced one-for-eight reverse stock split and will begin trading on a post-split basis today.</p>\n<p><b>4)&nbsp;Moderna(MRNA),Pfizer(PFE),BioNTech(BNTX)</b> – Moderna and Pfizer both raised prices for their Covid-19 vaccines in their latest supply contracts, according to the Financial Times. Additionally, The Wall Street Journal reported that the Food and Drug Administration is under pressure to give both vaccines full approval and that this could happen within the next month for Pfizer and partner BioNTech. Moderna rose 2.5% in the premarket, Pfizer gained 1%, while BioNTech surged 5.1%.</p>\n<p><b>5)&nbsp;Foot Locker(FL)</b> – The athletic footwear and apparel retailer announced a deal to buy California-based shoe store chain WSS for $750 million and Japan-based streetwear brand Atmos for $360 million.</p>\n<p><b>6)&nbsp;Uber Technologies(UBER)</b> – Shares of Uber gained 1.1% in premarket trading after Gordon Haskett Research Advisors initiated coverage with a “buy” rating. Haskett called Uber a company that is continually engraining itself in the everyday lives of consumers through its ride-hailing and food delivery services.</p>\n<p><b>7)&nbsp;Capri Holdings(CPRI)</b> – Capri rose 1.2% in the premarket following an upgrade to “buy” from “neutral” at MKM Partners, which noted a string of better than expected quarters for the company behind brands like Michael Kors and Versace. MKM also cited an overall improvement in the luxury goods sector.</p>\n<p><b>8)&nbsp;Discovery(DISCA)</b> – Discovery is in informal talks about a potential bid for British state-owned broadcaster Channel 4, according to Britain’s Telegraph newspaper.</p>\n<p><b>9)&nbsp;Robinhood(HOOD)</b> – More than 300,000 users of the stock trading app bought shares in Robinhood’s initial public offering last week, according to The Wall Street Journal. That represents about 1.3% of the company’s funded account base. Robinhood added 1.5% in premarket trading.</p>\n<p><b>10)&nbsp;Parker-Hannifin(PH)</b> – The maker of motion control technology and other industrial products is buying British rival Meggitt for about $8.8 billion in cash. Parker-Hannifin shares fell 2.2% in premarket action.</p>\n<p><b>11)&nbsp;Li Auto(LI)</b> – The China-based electric vehicle maker delivered 8,589 vehicles in July, an increase of 125% compared to July 2020. Li’s U.S.-based shares surged 4.3% in the premarket.</p>\n<p><b>12)&nbsp;First Solar(FSLR)</b> – The solar power systems maker’s shares gained 2.9% in premarket trading after Susquehanna Financial upgraded the stock to “positive” from “neutral,” based on upbeat management comments on solar module demand and pricing.</p>\n<p><b>In FX,</b>a relatively sedate start to the new week and month, but the Dollar has lost some recovery momentum and is moderately softer vs high beta and cyclical counterparts amidst a general improvement in risk sentiment. Hence, the index slipped back beneath 92.000 within a 92.174-91.962 band before finding a base and awaiting the final US Markit manufacturing PMI, construction spending and ISM in particular for the survey breakdown and first jobs proxy for Friday’s NFP.</p>\n<ul>\n <li>AUD/NZD/EUR/GBP - The Aussie and Kiwi have both regained some composure to pare overnight losses incurred on the back of further COVID restrictions, a Chinese manufacturing PMI miss, technical and cross-related factors. However, Aud/Usd remains heavy above 0.7350 and unlikely to trouble hefty option expiry interest at the 0.7400 strike (1.2 bn) ahead of the RBA tomorrow given expectations that the ongoing pandemic outbreaks could well force the Bank to backtrack on QE tapering plans. Meanwhile, Nzd/Usd is still rotating around the 21 DMA that comes in at 0.6979 today having failed to retain grasp of the 0.7000 handle, and the Euro is back below 1.1900 where 1.4 bn option expiries reside in wake of broadly softer than expected Eurozone manufacturing PMIs, bar Germany’s upgrade. Conversely, Cable is back over 1.3900 and Eur/Gbp is holding under 0.8550 following an unrevised final UK manufacturing PMI in advance of Thursday’s BoE.</li>\n <li>CAD/JPY/CHF - All very narrowly divergent vs the Greenback, and the Loonie holding up well in the face of weakness in WTI crude circa 1.2470, while the Yen is meandering from 109.60-77 in the run up to Tokyo inflation data on Tuesday and the Franc is straddling 0.9055 after in line Swiss CPI, a slowdown in retail sales vs pick up in the manufacturing PMI and weekly sight deposits showing just a small rise on domestic bank balances.</li>\n <li>SCANDI/EM - Contrasting manufacturing PMIs from Sweden and Norway, as the former dipped and latter gathered pace, but the Sek is straddling 10.2100 against the Eur with assistance from the aforementioned pick-up in overall risk appetite, while the Nok wanes within a 10.4910-10.4530 range due to a pull-back in Brent prices from Usd 75+/brl towards Usd 74.00.</li>\n</ul>\n<p><b>In commodities,</b>WTI and Brent have commenced the week on the backfoot, with the benchmarks lower by USD 1.00/bbl on the session. Such pressure comes in spite of the generally modestly constructive risk tone in a quiet European session with final PMIs not moving the dial much; with attention more on the weeks macro themes as outlined above. In crude specifics, updates have been very sparse throughout the session and as such the complex is more focus on COVID-19 related dynamics. With the demand-side of the equation torn between the ongoing case increases in Tokyo, among other areas, but on the flip-side supported by a push from top UK Cabinet Officials for an easing of travel restrictions and more broadly as NIH’s Fauci now does not believe the US is likely to return to lockdowns. Elsewhere, attention is on the geopolitical front and specifically last week’s attack on a ship off the Oman coast on which the US Secretary of State is confident that Iran is behind this attack. Moving to metals, spot gold and silver are modestly pressured with not too much read across from a choppy USD as we stand and likely on the back of the aforementioned broader risk tone; for reference, the yellow metal still holds the USD 1800/oz mark. Separately, much of the mornings focus is on copper where BHPs Escondida, Chile facility is facing strike action after the union rejected BHPs final labour offer. As such, Government-mediated discussions will last for 5-10 days and if the status quo is maintained and there is no breakthrough then strike action will formally commence. Given the uncertainty, LME Copper is supported on the session albeit still well off the pivotal USD 10k/t mark vs the current high USD 9799/t.</p>\n<p><b>US Event Calendar</b></p>\n<ul>\n <li>9:45am: July Markit US Manufacturing PMI, est. 63.1, prior 63.1</li>\n <li>10am: June Construction Spending MoM, est. 0.5%, prior -0.3%</li>\n <li>10am: July ISM Manufacturing, est. 60.9, prior 60.6</li>\n</ul>","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>Toplines Before US Market Open on Monday</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\">\nToplines Before US Market Open on Monday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-08-02 19:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>Futures rise amid earnings optimism; Dollar dips.</li>\n <li>Square, Moderna, First Solar and more made the biggest moves in the premarket.</li>\n <li>Treasuries steady; crude oil declines on China outlook.</li>\n</ul>\n<p>(August&nbsp;2)&nbsp;U.S. index futures gained along with European stocks as upbeat earnings and a surge in corporatedealmakinglifted sentiment, offsetting lingering concerns over China’s regulatory crackdown and the spread of the delta virus variant.</p>\n<p>U.S. S&amp;P 500 E-minis were up 19.5 points, or 0.44%, at 07:52 a.m. ET. Dow E-minis gained 118 points, or 0.34%, while Nasdaq 100 E-minis rose 66.75 points, or 0.45%.</p>\n<p><img src=\"https://static.tigerbbs.com/ffb408f47638770562209367ca7ab1f1\" tg-width=\"1242\" tg-height=\"517\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Stocks making the biggest moves in the premarket:</b></p>\n<p><b>1)&nbsp;Square(SQ)</b> – The digital payments company agreed to buy Australia’s Afterpayfor about $29 billion in stock, representing a roughly 30% premium for Afterpay shareholders. Square shares fell 4.8% in the premarket, but news of the deal boosted shares of U.S.-based payment companyAffirm(AFRM) by 8.2%.</p>\n<p><b>2)&nbsp;Zoom Video(ZM) </b>– The video conferencing companyagreed to pay $85 millionto settle a lawsuit accusing it violated the privacy rights of users. It also agreed to beef up its security practices to prevent so-called “Zoombombing,” where hackers disrupted Zoom meetings.</p>\n<p><b>3)&nbsp;General Electric(GE)</b> – GE has completed its previously announced one-for-eight reverse stock split and will begin trading on a post-split basis today.</p>\n<p><b>4)&nbsp;Moderna(MRNA),Pfizer(PFE),BioNTech(BNTX)</b> – Moderna and Pfizer both raised prices for their Covid-19 vaccines in their latest supply contracts, according to the Financial Times. Additionally, The Wall Street Journal reported that the Food and Drug Administration is under pressure to give both vaccines full approval and that this could happen within the next month for Pfizer and partner BioNTech. Moderna rose 2.5% in the premarket, Pfizer gained 1%, while BioNTech surged 5.1%.</p>\n<p><b>5)&nbsp;Foot Locker(FL)</b> – The athletic footwear and apparel retailer announced a deal to buy California-based shoe store chain WSS for $750 million and Japan-based streetwear brand Atmos for $360 million.</p>\n<p><b>6)&nbsp;Uber Technologies(UBER)</b> – Shares of Uber gained 1.1% in premarket trading after Gordon Haskett Research Advisors initiated coverage with a “buy” rating. Haskett called Uber a company that is continually engraining itself in the everyday lives of consumers through its ride-hailing and food delivery services.</p>\n<p><b>7)&nbsp;Capri Holdings(CPRI)</b> – Capri rose 1.2% in the premarket following an upgrade to “buy” from “neutral” at MKM Partners, which noted a string of better than expected quarters for the company behind brands like Michael Kors and Versace. MKM also cited an overall improvement in the luxury goods sector.</p>\n<p><b>8)&nbsp;Discovery(DISCA)</b> – Discovery is in informal talks about a potential bid for British state-owned broadcaster Channel 4, according to Britain’s Telegraph newspaper.</p>\n<p><b>9)&nbsp;Robinhood(HOOD)</b> – More than 300,000 users of the stock trading app bought shares in Robinhood’s initial public offering last week, according to The Wall Street Journal. That represents about 1.3% of the company’s funded account base. Robinhood added 1.5% in premarket trading.</p>\n<p><b>10)&nbsp;Parker-Hannifin(PH)</b> – The maker of motion control technology and other industrial products is buying British rival Meggitt for about $8.8 billion in cash. Parker-Hannifin shares fell 2.2% in premarket action.</p>\n<p><b>11)&nbsp;Li Auto(LI)</b> – The China-based electric vehicle maker delivered 8,589 vehicles in July, an increase of 125% compared to July 2020. Li’s U.S.-based shares surged 4.3% in the premarket.</p>\n<p><b>12)&nbsp;First Solar(FSLR)</b> – The solar power systems maker’s shares gained 2.9% in premarket trading after Susquehanna Financial upgraded the stock to “positive” from “neutral,” based on upbeat management comments on solar module demand and pricing.</p>\n<p><b>In FX,</b>a relatively sedate start to the new week and month, but the Dollar has lost some recovery momentum and is moderately softer vs high beta and cyclical counterparts amidst a general improvement in risk sentiment. Hence, the index slipped back beneath 92.000 within a 92.174-91.962 band before finding a base and awaiting the final US Markit manufacturing PMI, construction spending and ISM in particular for the survey breakdown and first jobs proxy for Friday’s NFP.</p>\n<ul>\n <li>AUD/NZD/EUR/GBP - The Aussie and Kiwi have both regained some composure to pare overnight losses incurred on the back of further COVID restrictions, a Chinese manufacturing PMI miss, technical and cross-related factors. However, Aud/Usd remains heavy above 0.7350 and unlikely to trouble hefty option expiry interest at the 0.7400 strike (1.2 bn) ahead of the RBA tomorrow given expectations that the ongoing pandemic outbreaks could well force the Bank to backtrack on QE tapering plans. Meanwhile, Nzd/Usd is still rotating around the 21 DMA that comes in at 0.6979 today having failed to retain grasp of the 0.7000 handle, and the Euro is back below 1.1900 where 1.4 bn option expiries reside in wake of broadly softer than expected Eurozone manufacturing PMIs, bar Germany’s upgrade. Conversely, Cable is back over 1.3900 and Eur/Gbp is holding under 0.8550 following an unrevised final UK manufacturing PMI in advance of Thursday’s BoE.</li>\n <li>CAD/JPY/CHF - All very narrowly divergent vs the Greenback, and the Loonie holding up well in the face of weakness in WTI crude circa 1.2470, while the Yen is meandering from 109.60-77 in the run up to Tokyo inflation data on Tuesday and the Franc is straddling 0.9055 after in line Swiss CPI, a slowdown in retail sales vs pick up in the manufacturing PMI and weekly sight deposits showing just a small rise on domestic bank balances.</li>\n <li>SCANDI/EM - Contrasting manufacturing PMIs from Sweden and Norway, as the former dipped and latter gathered pace, but the Sek is straddling 10.2100 against the Eur with assistance from the aforementioned pick-up in overall risk appetite, while the Nok wanes within a 10.4910-10.4530 range due to a pull-back in Brent prices from Usd 75+/brl towards Usd 74.00.</li>\n</ul>\n<p><b>In commodities,</b>WTI and Brent have commenced the week on the backfoot, with the benchmarks lower by USD 1.00/bbl on the session. Such pressure comes in spite of the generally modestly constructive risk tone in a quiet European session with final PMIs not moving the dial much; with attention more on the weeks macro themes as outlined above. In crude specifics, updates have been very sparse throughout the session and as such the complex is more focus on COVID-19 related dynamics. With the demand-side of the equation torn between the ongoing case increases in Tokyo, among other areas, but on the flip-side supported by a push from top UK Cabinet Officials for an easing of travel restrictions and more broadly as NIH’s Fauci now does not believe the US is likely to return to lockdowns. Elsewhere, attention is on the geopolitical front and specifically last week’s attack on a ship off the Oman coast on which the US Secretary of State is confident that Iran is behind this attack. Moving to metals, spot gold and silver are modestly pressured with not too much read across from a choppy USD as we stand and likely on the back of the aforementioned broader risk tone; for reference, the yellow metal still holds the USD 1800/oz mark. Separately, much of the mornings focus is on copper where BHPs Escondida, Chile facility is facing strike action after the union rejected BHPs final labour offer. As such, Government-mediated discussions will last for 5-10 days and if the status quo is maintained and there is no breakthrough then strike action will formally commence. Given the uncertainty, LME Copper is supported on the session albeit still well off the pivotal USD 10k/t mark vs the current high USD 9799/t.</p>\n<p><b>US Event Calendar</b></p>\n<ul>\n <li>9:45am: July Markit US Manufacturing PMI, est. 63.1, prior 63.1</li>\n <li>10am: June Construction Spending MoM, est. 0.5%, prior -0.3%</li>\n <li>10am: July ISM Manufacturing, est. 60.9, prior 60.6</li>\n</ul>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BNTX":"BioNTech SE","PH":"汉尼汾",".DJI":"道琼斯","PFE":"辉瑞","CPRI":"Capri Holdings Ltd","UBER":"优步","SQ":"Block","GE":"GE航空航天",".IXIC":"NASDAQ Composite","HOOD":"Robinhood","SPY":"标普500ETF","DISCA":"探索传播","ZM":"Zoom","LI":"理想汽车",".SPX":"S&P 500 Index","MRNA":"Moderna, Inc.","FL":"富乐客","FSLR":"第一太阳能"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191057621","content_text":"Futures rise amid earnings optimism; Dollar dips.\nSquare, Moderna, First Solar and more made the biggest moves in the premarket.\nTreasuries steady; crude oil declines on China outlook.\n\n(August 2) U.S. index futures gained along with European stocks as upbeat earnings and a surge in corporatedealmakinglifted sentiment, offsetting lingering concerns over China’s regulatory crackdown and the spread of the delta virus variant.\nU.S. S&P 500 E-minis were up 19.5 points, or 0.44%, at 07:52 a.m. ET. Dow E-minis gained 118 points, or 0.34%, while Nasdaq 100 E-minis rose 66.75 points, or 0.45%.\n\nStocks making the biggest moves in the premarket:\n1) Square(SQ) – The digital payments company agreed to buy Australia’s Afterpayfor about $29 billion in stock, representing a roughly 30% premium for Afterpay shareholders. Square shares fell 4.8% in the premarket, but news of the deal boosted shares of U.S.-based payment companyAffirm(AFRM) by 8.2%.\n2) Zoom Video(ZM) – The video conferencing companyagreed to pay $85 millionto settle a lawsuit accusing it violated the privacy rights of users. It also agreed to beef up its security practices to prevent so-called “Zoombombing,” where hackers disrupted Zoom meetings.\n3) General Electric(GE) – GE has completed its previously announced one-for-eight reverse stock split and will begin trading on a post-split basis today.\n4) Moderna(MRNA),Pfizer(PFE),BioNTech(BNTX) – Moderna and Pfizer both raised prices for their Covid-19 vaccines in their latest supply contracts, according to the Financial Times. Additionally, The Wall Street Journal reported that the Food and Drug Administration is under pressure to give both vaccines full approval and that this could happen within the next month for Pfizer and partner BioNTech. Moderna rose 2.5% in the premarket, Pfizer gained 1%, while BioNTech surged 5.1%.\n5) Foot Locker(FL) – The athletic footwear and apparel retailer announced a deal to buy California-based shoe store chain WSS for $750 million and Japan-based streetwear brand Atmos for $360 million.\n6) Uber Technologies(UBER) – Shares of Uber gained 1.1% in premarket trading after Gordon Haskett Research Advisors initiated coverage with a “buy” rating. Haskett called Uber a company that is continually engraining itself in the everyday lives of consumers through its ride-hailing and food delivery services.\n7) Capri Holdings(CPRI) – Capri rose 1.2% in the premarket following an upgrade to “buy” from “neutral” at MKM Partners, which noted a string of better than expected quarters for the company behind brands like Michael Kors and Versace. MKM also cited an overall improvement in the luxury goods sector.\n8) Discovery(DISCA) – Discovery is in informal talks about a potential bid for British state-owned broadcaster Channel 4, according to Britain’s Telegraph newspaper.\n9) Robinhood(HOOD) – More than 300,000 users of the stock trading app bought shares in Robinhood’s initial public offering last week, according to The Wall Street Journal. That represents about 1.3% of the company’s funded account base. Robinhood added 1.5% in premarket trading.\n10) Parker-Hannifin(PH) – The maker of motion control technology and other industrial products is buying British rival Meggitt for about $8.8 billion in cash. Parker-Hannifin shares fell 2.2% in premarket action.\n11) Li Auto(LI) – The China-based electric vehicle maker delivered 8,589 vehicles in July, an increase of 125% compared to July 2020. Li’s U.S.-based shares surged 4.3% in the premarket.\n12) First Solar(FSLR) – The solar power systems maker’s shares gained 2.9% in premarket trading after Susquehanna Financial upgraded the stock to “positive” from “neutral,” based on upbeat management comments on solar module demand and pricing.\nIn FX,a relatively sedate start to the new week and month, but the Dollar has lost some recovery momentum and is moderately softer vs high beta and cyclical counterparts amidst a general improvement in risk sentiment. Hence, the index slipped back beneath 92.000 within a 92.174-91.962 band before finding a base and awaiting the final US Markit manufacturing PMI, construction spending and ISM in particular for the survey breakdown and first jobs proxy for Friday’s NFP.\n\nAUD/NZD/EUR/GBP - The Aussie and Kiwi have both regained some composure to pare overnight losses incurred on the back of further COVID restrictions, a Chinese manufacturing PMI miss, technical and cross-related factors. However, Aud/Usd remains heavy above 0.7350 and unlikely to trouble hefty option expiry interest at the 0.7400 strike (1.2 bn) ahead of the RBA tomorrow given expectations that the ongoing pandemic outbreaks could well force the Bank to backtrack on QE tapering plans. Meanwhile, Nzd/Usd is still rotating around the 21 DMA that comes in at 0.6979 today having failed to retain grasp of the 0.7000 handle, and the Euro is back below 1.1900 where 1.4 bn option expiries reside in wake of broadly softer than expected Eurozone manufacturing PMIs, bar Germany’s upgrade. Conversely, Cable is back over 1.3900 and Eur/Gbp is holding under 0.8550 following an unrevised final UK manufacturing PMI in advance of Thursday’s BoE.\nCAD/JPY/CHF - All very narrowly divergent vs the Greenback, and the Loonie holding up well in the face of weakness in WTI crude circa 1.2470, while the Yen is meandering from 109.60-77 in the run up to Tokyo inflation data on Tuesday and the Franc is straddling 0.9055 after in line Swiss CPI, a slowdown in retail sales vs pick up in the manufacturing PMI and weekly sight deposits showing just a small rise on domestic bank balances.\nSCANDI/EM - Contrasting manufacturing PMIs from Sweden and Norway, as the former dipped and latter gathered pace, but the Sek is straddling 10.2100 against the Eur with assistance from the aforementioned pick-up in overall risk appetite, while the Nok wanes within a 10.4910-10.4530 range due to a pull-back in Brent prices from Usd 75+/brl towards Usd 74.00.\n\nIn commodities,WTI and Brent have commenced the week on the backfoot, with the benchmarks lower by USD 1.00/bbl on the session. Such pressure comes in spite of the generally modestly constructive risk tone in a quiet European session with final PMIs not moving the dial much; with attention more on the weeks macro themes as outlined above. In crude specifics, updates have been very sparse throughout the session and as such the complex is more focus on COVID-19 related dynamics. With the demand-side of the equation torn between the ongoing case increases in Tokyo, among other areas, but on the flip-side supported by a push from top UK Cabinet Officials for an easing of travel restrictions and more broadly as NIH’s Fauci now does not believe the US is likely to return to lockdowns. Elsewhere, attention is on the geopolitical front and specifically last week’s attack on a ship off the Oman coast on which the US Secretary of State is confident that Iran is behind this attack. Moving to metals, spot gold and silver are modestly pressured with not too much read across from a choppy USD as we stand and likely on the back of the aforementioned broader risk tone; for reference, the yellow metal still holds the USD 1800/oz mark. Separately, much of the mornings focus is on copper where BHPs Escondida, Chile facility is facing strike action after the union rejected BHPs final labour offer. As such, Government-mediated discussions will last for 5-10 days and if the status quo is maintained and there is no breakthrough then strike action will formally commence. Given the uncertainty, LME Copper is supported on the session albeit still well off the pivotal USD 10k/t mark vs the current high USD 9799/t.\nUS Event Calendar\n\n9:45am: July Markit US Manufacturing PMI, est. 63.1, prior 63.1\n10am: June Construction Spending MoM, est. 0.5%, prior -0.3%\n10am: July ISM Manufacturing, est. 60.9, prior 60.6","news_type":1},"isVote":1,"tweetType":1,"viewCount":146,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":803377282,"gmtCreate":1627426321746,"gmtModify":1703489536097,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4089292008532580","idStr":"4089292008532580"},"themes":[],"htmlText":"Opportunity to buy on dip","listText":"Opportunity to buy on dip","text":"Opportunity to buy on dip","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/803377282","repostId":"1148712151","repostType":4,"repost":{"id":"1148712151","pubTimestamp":1627423570,"share":"https://ttm.financial/m/news/1148712151?lang=&edition=fundamental","pubTime":"2021-07-28 06:06","market":"us","language":"en","title":"Apple warns supply constraints will impact iPhone and iPad, shares fall","url":"https://stock-news.laohu8.com/highlight/detail?id=1148712151","media":"https://www.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.html","summary":"Applereported strongfiscal third-quarter earningson Tuesday, demolishing Wall Street expectations. Every one of Apple’s major product lines grew over 12% on an annual basis.Overall, Apple’s sales were up 36% from the June quarter last year. iPhone sales increased nearly 50% on an annual basis.Apple stock was down over 2% in extended trading. It dropped on Tuesday after Apple warned that growth in the September quarter would not be as strong as June’s.Here are the key numbers compared to what Wal","content":"<div>\n<p>Applereported strongfiscal third-quarter earningson Tuesday, demolishing Wall Street expectations. Every one of Apple’s major product lines grew over 12% on an annual basis.\nOverall, Apple’s sales ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.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>Apple warns supply constraints will impact iPhone and iPad, shares fall</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\">\nApple warns supply constraints will impact iPhone and iPad, shares fall\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-28 06:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.html><strong>https://www.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.html</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Applereported strongfiscal third-quarter earningson Tuesday, demolishing Wall Street expectations. Every one of Apple’s major product lines grew over 12% on an annual basis.\nOverall, Apple’s sales ...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.cnbc.com/2021/07/27/apple-aapl-earnings-q3-2021.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1148712151","content_text":"Applereported strongfiscal third-quarter earningson Tuesday, demolishing Wall Street expectations. Every one of Apple’s major product lines grew over 12% on an annual basis.\nOverall, Apple’s sales were up 36% from the June quarter last year. iPhone sales increased nearly 50% on an annual basis.\nApple stock was down over 2% in extended trading. It dropped on Tuesday after Apple warned that growth in the September quarter would not be as strong as June’s.\nHere are the key numbers compared to what Wall Street was expecting, per Refinitiv estimates:\n\nEPS: $1.30 vs. $1.01 estimated\nRevenue: $81.41 billion vs. $73.30 billion estimated, up 36% year-over-year\niPhone revenue: $39.57 billion vs. $34.01 billion estimated, up 49.78% year-over-year\nServices revenue: $17.48 billion vs. $16.33 billion estimated, up 33% year-over-year\nOther Products revenue: $8.76 billion vs. $7.80 billion estimated, up 40% year-over-year\nMac revenue:$8.24 billion vs. $8.07 billion estimated, up 16% year-over-year\niPad revenue: $7.37 billion vs. $7.15 billion estimated, up 12% year-over-year\nGross margin: 43.3% vs. 41.9% estimated\n\nApple did not provide formal guidance for the sixth quarter in a row and has not since the beginning of the Covid-19 pandemic.\nHowever, Apple CFO Luca Maestri said that it expected double-digit year-over-year growth in the current quarter. Maestri said that Apple expected less than 36% growth in the September quarter because of foreign exchange rates, less growth in its services business, and supply constraints for iPhones and iPads.\nApple CEO Tim Cook said in a call with analysts that Apple is seeing supply constraints related to silicon that would affect the company’s iPhone and iPad sales in the September quarter.\nApple also had a strong quarter in its Greater China region, which includes Taiwan and Hong Kong in addition to the mainland. Apple reported $14.76 billion in sales in the region, up 58% from the same quarter last year, although it was an easy comparison given that China was in stages of lockdown during the quarter.\nAmericas sales were up nearly 33% year-over-year to $39.57 billion.\nWATCH NOWVIDEO00:46Apple up after earnings, revenue beat\nApple’s quarter ending in June is typically one of its slowest of the year, but the company has benefitted from work-at-home and remote schooling trends that have boosted sales of its premium computers.\nLast year’s June quarter was a company record for sales despite lockdowns around the world, so Apple is growing even compared to a strong basis from a year ago.\nCook mentioned that the success was not just because of people upgrading their old iPhones, but also Android customers buying their first iPhone.\n“We saw a very strong double digit increases in both upgraders and switchers during the quarter,” Cook said.\nApple’s quarter could have been even better if it had not grappled with supply shortages likely linked to the global chip shortage, which mostly affected its Mac and iPad sales.\n“The shortage primarily affected Mac and iPad,” Apple CEO Tim Cook told CNBC’s Josh Lipton. “We had predicted the shortages to total $3 to $4 billion. But we were actually able to mitigate some of that, and we came in at the lower than the low end part of that range.”\nHowever, Apple warned that silicon supply constraints could affect its September quarter iPhone and iPad sales, although the chips that are in short supply are the “legacy nodes” of older kinds of chips, instead of the processors that power Apple devices. Cook also said on a call with analysts that the company believes that freight costs are high.\nApple’s services business also shook off investor fears that its rate of growth could slow as more people go back to work and spend less on online services and apps. Services was up 33% year-over-year, an acceleration from last quarter’s 26.7% growth rate. Maestri said that Apple expected the company’s services growth rate to decrease in the September quarter.\nWhile Apple’s services business includes many products and Apple does not break down how it’s composed, Cook told CNBC that the company set records in music, video, cloud services, advertising and payments.\n“It’s clear that our long running investment in our services strategy is succeeding,” Cook told CNBC.\nApple now has 700 million paid subscribers, up 150 million year-over-year, Cook said. Apple’s subscriber figure includes customers subscribed to an app through Apple’s App Store billing.\nCook also said that Apple pushed back its return to its campus headquarters from September to at least October because of the Covid-19 situation.\n“I’ve been really pleased with what we’ve been able to accomplish in this fully remote mode,” Cook said.\nApple declared a dividend of $0.22 per share of stock. In a statement, Apple said that it spent $29 billion on shareholder return during the quarter. Apple CFO Luca Maestri told CNBC that the company has bought back almost $450 billion in stock in recent years.","news_type":1},"isVote":1,"tweetType":1,"viewCount":26,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804128601,"gmtCreate":1627946781103,"gmtModify":1703498200921,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4089292008532580","idStr":"4089292008532580"},"themes":[],"htmlText":"Interesting!","listText":"Interesting!","text":"Interesting!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/804128601","repostId":"2156511670","repostType":4,"isVote":1,"tweetType":1,"viewCount":179,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003536611,"gmtCreate":1641007067966,"gmtModify":1676533564136,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4089292008532580","idStr":"4089292008532580"},"themes":[],"htmlText":"Happy New Year!!🥳🤑","listText":"Happy New Year!!🥳🤑","text":"Happy New Year!!🥳🤑","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003536611","repostId":"2200744536","repostType":2,"isVote":1,"tweetType":1,"viewCount":596,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":801290989,"gmtCreate":1627517393241,"gmtModify":1703491412988,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4089292008532580","idStr":"4089292008532580"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/801290989","repostId":"1127264445","repostType":4,"repost":{"id":"1127264445","pubTimestamp":1627514621,"share":"https://ttm.financial/m/news/1127264445?lang=&edition=fundamental","pubTime":"2021-07-29 07:23","market":"us","language":"en","title":"S&P 500 ends off day's lows; Powell says Fed still a ways away from rate hikes","url":"https://stock-news.laohu8.com/highlight/detail?id=1127264445","media":"Reuters","summary":"NEW YORK (Reuters) - The S&P 500 ended little changed on Wednesday but off its session lows after th","content":"<p>NEW YORK (Reuters) - The S&amp;P 500 ended little changed on Wednesday but off its session lows after the Federal Reserve said the U.S. economic recovery remains on track and Chair Jerome <a href=\"https://laohu8.com/S/POWL\">Powell</a> said the central bank was still a ways away from considering raising interest rates.</p>\n<p>Keeping the market in check, shares of tech giant <a href=\"https://laohu8.com/S/AAPL\">Apple</a> Inc fell 1.2% after it forecast slowing revenue growth.</p>\n<p>In a news conference following the release of a new policy statement from the Fed, Powell also said the U.S. job market still had “some ground to cover” before it would be time to pull back from the economic support the U.S. central bank put in place in the spring of 2020 to battle the coronavirus pandemic’s economic shocks.</p>\n<p>“It looks like probably the most positive thing for the market was that they are nowhere near increasing interest rates,” said Alan Lancz, president, Alan B. Lancz &amp; Associates Inc, an investment advisory firm based in Toledo, Ohio.</p>\n<p>Right after the Fed statement, the S&amp;P 500 index reversed slight declines though it still ended a hair lower on the day.</p>\n<p><a href=\"https://laohu8.com/S/ISBC\">Investors</a> have been worried about how rising inflation and a spike in COVID-19 cases might impact the central bank’s plan to potentially start withdrawing its stimulus.</p>\n<p>The central bank also said that higher inflation remained the result of “transitory factors.” The Fed kept its overnight benchmark interest rate near zero and left unchanged its bond-buying program.</p>\n<p>The <a href=\"https://laohu8.com/S/NDAQ\">Nasdaq</a> ended higher and shares of Google parent <a href=\"https://laohu8.com/S/GOOG\">Alphabet</a> Inc hit an all-time high as a surge in advertising spending helped it post record quarterly results. The stock ended up 3.2%.</p>\n<p>The Dow Jones Industrial Average fell 127.59 points, or 0.36%, to 34,930.93, the S&amp;P 500 lost 0.82 point, or 0.02%, to 4,400.64 and the Nasdaq Composite added 102.01 points, or 0.7%, to 14,762.58.</p>\n<p>The Fed’s statement came at the conclusion of its latest two-day policy meeting.</p>\n<p>“They had a chance to signal they were going to become more hawkish and they chose not to take it. The most important thing is they are predictable and they are remaining predictable,” said Ellen Hazen, portfolio manager at F.L. Putnam Investment Management in <a href=\"https://laohu8.com/S/WEBK\">Wellesley</a>, Massachusetts.</p>\n<p>In other earnings news, <a href=\"https://laohu8.com/S/MSFT\">Microsoft</a> Corp ended down 0.1% even as a boom in cloud services helped it beat Wall Street expectations for revenue and earnings.</p>\n<p>Volume on U.S. exchanges was 9.86 billion shares, compared with a similar average for the full session over the last 20 trading days.</p>\n<p>Advancing issues outnumbered declining ones on the NYSE by a 1.85-to-1 ratio; on Nasdaq, a 2.61-to-1 ratio favored advancers.</p>\n<p>The S&amp;P 500 posted 42 new 52-week highs and no new lows; the Nasdaq Composite recorded 44 new highs and 67 new lows.</p>","source":"lsy1601381805984","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>S&P 500 ends off day's lows; Powell says Fed still a ways away from rate hikes</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\">\nS&P 500 ends off day's lows; Powell says Fed still a ways away from rate hikes\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-29 07:23 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-ends-off-days-lows-powell-says-fed-still-a-ways-away-from-rate-hikes-idUSL1N2P435H><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>NEW YORK (Reuters) - The S&P 500 ended little changed on Wednesday but off its session lows after the Federal Reserve said the U.S. economic recovery remains on track and Chair Jerome Powell said the ...</p>\n\n<a href=\"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-ends-off-days-lows-powell-says-fed-still-a-ways-away-from-rate-hikes-idUSL1N2P435H\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"161125":"标普500",".SPX":"S&P 500 Index","OEX":"标普100","SSO":"两倍做多标普500ETF","SH":"标普500反向ETF","OEF":"标普100指数ETF-iShares","SPY":"标普500ETF","IVV":"标普500指数ETF","UPRO":"三倍做多标普500ETF","SPXU":"三倍做空标普500ETF",".DJI":"道琼斯","SDS":"两倍做空标普500ETF",".IXIC":"NASDAQ Composite"},"source_url":"https://www.reuters.com/article/usa-stocks/us-stocks-sp-500-ends-off-days-lows-powell-says-fed-still-a-ways-away-from-rate-hikes-idUSL1N2P435H","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127264445","content_text":"NEW YORK (Reuters) - The S&P 500 ended little changed on Wednesday but off its session lows after the Federal Reserve said the U.S. economic recovery remains on track and Chair Jerome Powell said the central bank was still a ways away from considering raising interest rates.\nKeeping the market in check, shares of tech giant Apple Inc fell 1.2% after it forecast slowing revenue growth.\nIn a news conference following the release of a new policy statement from the Fed, Powell also said the U.S. job market still had “some ground to cover” before it would be time to pull back from the economic support the U.S. central bank put in place in the spring of 2020 to battle the coronavirus pandemic’s economic shocks.\n“It looks like probably the most positive thing for the market was that they are nowhere near increasing interest rates,” said Alan Lancz, president, Alan B. Lancz & Associates Inc, an investment advisory firm based in Toledo, Ohio.\nRight after the Fed statement, the S&P 500 index reversed slight declines though it still ended a hair lower on the day.\nInvestors have been worried about how rising inflation and a spike in COVID-19 cases might impact the central bank’s plan to potentially start withdrawing its stimulus.\nThe central bank also said that higher inflation remained the result of “transitory factors.” The Fed kept its overnight benchmark interest rate near zero and left unchanged its bond-buying program.\nThe Nasdaq ended higher and shares of Google parent Alphabet Inc hit an all-time high as a surge in advertising spending helped it post record quarterly results. The stock ended up 3.2%.\nThe Dow Jones Industrial Average fell 127.59 points, or 0.36%, to 34,930.93, the S&P 500 lost 0.82 point, or 0.02%, to 4,400.64 and the Nasdaq Composite added 102.01 points, or 0.7%, to 14,762.58.\nThe Fed’s statement came at the conclusion of its latest two-day policy meeting.\n“They had a chance to signal they were going to become more hawkish and they chose not to take it. The most important thing is they are predictable and they are remaining predictable,” said Ellen Hazen, portfolio manager at F.L. Putnam Investment Management in Wellesley, Massachusetts.\nIn other earnings news, Microsoft Corp ended down 0.1% even as a boom in cloud services helped it beat Wall Street expectations for revenue and earnings.\nVolume on U.S. exchanges was 9.86 billion shares, compared with a similar average for the full session over the last 20 trading days.\nAdvancing issues outnumbered declining ones on the NYSE by a 1.85-to-1 ratio; on Nasdaq, a 2.61-to-1 ratio favored advancers.\nThe S&P 500 posted 42 new 52-week highs and no new lows; the Nasdaq Composite recorded 44 new highs and 67 new lows.","news_type":1},"isVote":1,"tweetType":1,"viewCount":84,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9013472841,"gmtCreate":1648772443327,"gmtModify":1676534394758,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4089292008532580","idStr":"4089292008532580"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/O39.SI\">$OVERSEA-CHINESE BANKING CORP(O39.SI)$</a>still hold?🤔","listText":"<a href=\"https://ttm.financial/S/O39.SI\">$OVERSEA-CHINESE BANKING CORP(O39.SI)$</a>still hold?🤔","text":"$OVERSEA-CHINESE BANKING CORP(O39.SI)$still hold?🤔","images":[{"img":"https://community-static.tradeup.com/news/2a85c391b9d32a4ad0ef5ecb52999531","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9013472841","isVote":1,"tweetType":1,"viewCount":544,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":187278114300024,"gmtCreate":1686750044549,"gmtModify":1686750048561,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4089292008532580","idStr":"4089292008532580"},"themes":[],"htmlText":"Love this game, so addictive!","listText":"Love this game, so addictive!","text":"Love this game, so addictive!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/187278114300024","isVote":1,"tweetType":1,"viewCount":144,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9037530758,"gmtCreate":1648133129616,"gmtModify":1676534308071,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4089292008532580","idStr":"4089292008532580"},"themes":[],"htmlText":"Go go!!","listText":"Go go!!","text":"Go go!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9037530758","repostId":"2221204380","repostType":2,"isVote":1,"tweetType":1,"viewCount":280,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9037174121,"gmtCreate":1648074582186,"gmtModify":1676534299328,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4089292008532580","idStr":"4089292008532580"},"themes":[],"htmlText":"Good👍🏻","listText":"Good👍🏻","text":"Good👍🏻","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9037174121","repostId":"1110448587","repostType":4,"isVote":1,"tweetType":1,"viewCount":459,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":860689085,"gmtCreate":1632175867947,"gmtModify":1676530715696,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4089292008532580","idStr":"4089292008532580"},"themes":[],"htmlText":"?ohno","listText":"?ohno","text":"?ohno","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/860689085","repostId":"1147005019","repostType":4,"isVote":1,"tweetType":1,"viewCount":136,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":812721106,"gmtCreate":1630626355805,"gmtModify":1676530357903,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4089292008532580","idStr":"4089292008532580"},"themes":[],"htmlText":"Store bullets &amp; buy during sale","listText":"Store bullets &amp; buy during sale","text":"Store bullets & buy during sale","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/812721106","repostId":"1146170136","repostType":4,"repost":{"id":"1146170136","pubTimestamp":1630576860,"share":"https://ttm.financial/m/news/1146170136?lang=&edition=fundamental","pubTime":"2021-09-02 18:01","market":"us","language":"en","title":"5 Reasons The Next Stock Bear Market And Recession Could Be The Worst Since The 1930s","url":"https://stock-news.laohu8.com/highlight/detail?id=1146170136","media":"seekingalpha","summary":"Summary\n\nThe first reason we believe the next stock bear market and recession will be the worst sinc","content":"<p>Summary</p>\n<ul>\n <li>The first reason we believe the next stock bear market and recession will be the worst since the 1930s is due to extremely high asset valuations.</li>\n <li>The second reason is due to extraordinarily bullish investor sentiment.</li>\n <li>The third reason is due to weak economic fundamentals.</li>\n <li>The fourth reason is due to excessive debt levels.</li>\n <li>The fifth reason is due to limited policy options.</li>\n</ul>\n<p>With the S&amp;P 500 (SPY) at all-time highs and seemingly endless “free liquidity” being provided by the Fed, the last thing most investors can envision right now is a major bear market or recession - particularly ones that will be the worst since the Great Depression of the 1930s!</p>\n<p>But the facts we will detail in this article show that is&nbsp;<i>highly likely</i>&nbsp;to be the case. This is an extraordinary statement, but we are living in extraordinary times! Investors need to understand the risks they are facing now in order to prepare and profit from them in the future.</p>\n<p>Here are the five key reasons we believe the next stock bear market and recession will be worse than the Great Recession of 2008-2009 (when the S&amp;P 500 fell 58% and it took about six years to recover), which will make it the worst since the 1930s (when the S&amp;P 500 fell 86% and it took about 25 years to recover):</p>\n<p><b>1. Extremely High Asset Valuations</b></p>\n<p>Informed investors know that we are currently in an “Everything Bubble” driven by massive and persistent central bank money creation. Virtually every major financial asset is overvalued and priced to deliver low - or even negative - long-term returns.</p>\n<p>For example, the Shiller P/E Ratio shown below is 30% higher than it was at the 1929 peak and is nearly as high as the all-time high in 2000. TheShiller P/E Ratiowas created by economist Robert Shiller and is calculated as the price of the S&amp;P 500 divided by the average past 10 years of earnings, adjusted for inflation. It attempts to smooth the cyclicality of earnings. Historically, high Shiller P/E Ratios have led to below-average long-term returns.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/66f9a3f8fedee54d3a30a15b70138ab5\" tg-width=\"640\" tg-height=\"344\" referrerpolicy=\"no-referrer\"><span>Source: Chart courtesy ofShiller PE Ratio, with annotations by Jon Wolfenbarger, CFA.</span></p>\n<p>Warren Buffett’s favorite valuation measure- and the one that best predicts future long-term stock market returns - is the Stock Market Capitalization To GDP Ratio, which is shown below. Based on this measure, stocks are trading 30% higher than the prior all-time high at the Tech Bubble peak of 2000! Stocks would have to fall over 60% for this ratio to return to the levels it reached at the stock market bottom in March 2009.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d270087f9958674d30bed139425fe08e\" tg-width=\"640\" tg-height=\"264\" referrerpolicy=\"no-referrer\"><span>Source: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.</span></p>\n<p>It is not just stocks that are priced to deliver poor returns. US Treasury bills and bonds are trading at historically low interest rates not far above zero (and some countries have negative interest rates), assuring very low returns until maturity. Also, corporate bond yields relative to Treasury bond yields are at historically low levels.</p>\n<p>Real estate is also expensive, with REITs trading at historically low dividend yields. And as shown in the chart below of theS&amp;P/Case-Shiller 20-City Home Price Index, home prices are currently 27% higher than they were at the housing bubble peak of 2006!</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c011c579b31844dd761b260b1adb7600\" tg-width=\"640\" tg-height=\"281\" referrerpolicy=\"no-referrer\"><span>Source: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.</span></p>\n<p>Importantly, not only do high valuations lead to low long-term returns but they also usually lead to devastating bear markets on the path to those low long-term returns.</p>\n<p><b>2. Extraordinarily Bullish Investor Sentiment</b></p>\n<p>Along with high asset valuations, investor sentiment is at sky-high levels of bullishness. When investors are very bullish, that is a bearish contrarian indicator.</p>\n<p>The best investor sentiment indicators show where investors are actually putting their hard-earned money in anticipation of making a profit, not just what they say their “mood” is. For sentiment, we focus on investor<i>actions</i>, not<i>words</i>.</p>\n<p>One excellent sentiment indicator is the Equity Put/Call Ratio. When investors are bearish, they buy Put options in anticipation of profiting from a fall in stock prices. When they are bullish, they buy Call options in anticipation of profiting from a rise in stock prices. When the ratio of Puts to Calls is very high, that shows investors are very bearish, which is a bullish contrarian indicator. Conversely, when the ratio of Puts to Calls is very low, that shows investors are very bullish, which is a bearish contrarian indicator.</p>\n<p>The chart below shows the Equity Put/Call Ratio, using the 100-day moving average to reduce short-term noise in this indicator. Over the past year, it has fallen to extremely low levels - well below those seen at the stock market peak in 2007.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1f4ac510219add2cccd009014b44162b\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"><span>Source: Chart courtesy ofStockCharts.com, with annotations by Jon Wolfenbarger, CFA.</span></p>\n<p>The next chart is the Rydex Asset Ratio, which is the ratio of investor assets in all Rydex bear and money market funds (bearish positioning) compared to investor assets in all Rydex bull funds (bullish positioning). As you can see, investors have been very bullishly positioned in US stocks for over seven years! The last time investors approached this level of bullishness was around the Tech Bubble peak of 2000.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/30902a5fd01f363fd7dc95147f34735a\" tg-width=\"640\" tg-height=\"382\" referrerpolicy=\"no-referrer\"><span>Source: Chart courtesy ofStockCharts.com, with annotations by Jon Wolfenbarger, CFA.</span></p>\n<p>When the majority of investors are already very bullish and “all in”, there is no one left to buy and lots of potential sellers when something changes, as it always does. Most investors will be shocked when their bullish expectations meet the harsh reality of a major bear market.</p>\n<p><b>3. Weak Economic Fundamentals</b></p>\n<p>The US economy is not as strong as it used to be. That is certainly true in the wake of the Covid pandemic, but it has also been true for the past two decades. All of the taxes, regulations and other government interventions in the economy in recent decades have created a weaker and more fragile economy that will make the next recession even worse.</p>\n<p>The chart below of Industrial Production shows it is only 8% higher than at the 2000 peak and is 1% lower than at the 2007 peak. It has nearly flatlined over the past two decades. That is much weaker than the 3.9% annual growth in Industrial Production from 1920 to 2000.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b3b30a4514e3707d1aaaf03a81dd5d3d\" tg-width=\"640\" tg-height=\"276\" referrerpolicy=\"no-referrer\"><span>Source: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.</span></p>\n<p>Total Nonfarm Employment, shown below, grew at a 2.5% annual rate from 1940 to 2000. Similar to Industrial Production, Employment has nearly flatlined over the past two decades. It has increased only 10% since the 2000 peak and only 6% since the 2007 peak. Sadly, it is still nearly 4% below the February 2020 peak.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5c7778bd8479e8800718b3abdcdf0dfb\" tg-width=\"640\" tg-height=\"275\" referrerpolicy=\"no-referrer\"><span>Source: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.</span></p>\n<p><b>4. Excessive Debt Levels</b></p>\n<p>The chart below shows the US Total Debt To GDP Ratio is near recent all-time highs at 3.8 times (or 380%), even higher than the high levels preceding the Great Recession. Global Debt To GDP is also at record high levels over 300%, as is US Federal Debt To GDP at 125%.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/563808ddc51f6a6b821f4abde5f62d17\" tg-width=\"640\" tg-height=\"242\" referrerpolicy=\"no-referrer\"><span>Source: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.</span></p>\n<p>Excessive debt has been the problem with every financial crisis in history, due to prior money creation out of thin air. So the next one promises to be one for the history books given these unprecedented high debt levels. Debt liquidation and defaults will lead to deflation, particularly for asset prices, as we saw in the Great Recession and even more so in the Great Depression.</p>\n<p><b>5. Limited Policy Options</b></p>\n<p>The primary “bull case” for the stock market and economy over the past 12 years since the Great Recession ended has been “free liquidity” provided in seemingly endless amounts by the Federal Reserve. It is almost as though money really does grow on trees!</p>\n<p>But money created out of thin air does not create new goods and services that improve living standards. If it did, a place likeZimbabwewould be the wealthiest country in the world. However, newly created money can flow into financial assets, which helps explain why valuation levels are so high.</p>\n<p>The graph below shows “Austrian” Money Supply (AMS), the best measure of money supply that is consistent withthis Austrian School of Economics definition(although it no longer includes traveler’s checks, which have been discontinued in the Fed’s database due to limited use these days). AMS is up 40% since February 2020 and is up an astounding 225% since the Great Recession ended in June 2009!</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/3844fc699c58ff48effcc5918378bfcd\" tg-width=\"640\" tg-height=\"261\" referrerpolicy=\"no-referrer\"><span>Source: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.</span></p>\n<p>This is well above the money supply growth that drove the Roaring ‘20s and ultimately led to the Great Depression of the 1930s, as detailed in economist Murray N. Rothbard’s definitive history of that period in his book<i>America’s Great Depression</i>. In this book, heexplained the cause of the boom and bust business cycle:</p>\n<p><i>The “boom-bust” cycle is generated by monetary intervention in the market, specifically bank credit expansion to business…[B]ank credit expansion sets into motion the business cycle in all its phases: the inflationary boom, marked by expansion of the money supply and by malinvestment; the crisis, which arrives when credit expansion ceases and malinvestments become evident; and the depression recovery, the necessary adjustment process by which the economy returns to the most efficient ways of satisfying consumer desires.</i></p>\n<p>All this money creation has enabled the Fed to target theFederal Funds Rateat only 0.1%, as shown below. While that is above the negative interest rates prevailing in some countries, it doesn’t leave much room for the Fed to cut rates to try to prevent a recession, particularly with inflation at over 5% now. And as the chart shows, the Fed cut rates throughout the prior three recessions and bear markets and was not able to stop them, since the market is bigger than the Fed. This leaves the stock market and economy very vulnerable in the next downturn, with potentially no “safety nets” to protect them.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/62449341ea09ce506389102e838a6cf4\" tg-width=\"640\" tg-height=\"262\" referrerpolicy=\"no-referrer\"><span>Source: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.</span></p>\n<p>Lastly, for the Keynesian economists who still believe the dogma that Federal budget deficits can prevent a recession - despite any evidence or logical theory to support it - the current Federal Budget Surplus/Deficit To GDP Ratio of -15% is the worst since World War II, as shown below. Given record-high government debt levels and deficits, how much more deficit spending will bond investors be willing to finance? And what good will it do, since deficits did not prevent the Great Recession?</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/26c9f09598045b1c92a037cc0e326f86\" tg-width=\"640\" tg-height=\"275\" width=\"100%\" height=\"auto\"><span>Source: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.</span></p>\n<p><b>Implications For Investors</b></p>\n<p>There is much more that can be said to prove our case, but hopefully, the facts provided in this article are sufficient for investors to understand the current risks in financial assets and the economy.</p>\n<p>While the exact timing of the next bear market and recession is unknown and there are currently no signs of it with stocks at all-time highs, now is the time for investors to seek out information on how to identify the tell-tale signs of bear markets and how to profit from them, rather than being decimated by them, as the majority of investors, unfortunately, will be.</p>","source":"seekingalpha","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>5 Reasons The Next Stock Bear Market And Recession Could Be The Worst Since The 1930s</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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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\">\n5 Reasons The Next Stock Bear Market And Recession Could Be The Worst Since The 1930s\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-09-02 18:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4452860-5-reasons-the-next-stock-bear-market-and-recession-could-be-the-worst-since-the-1930s><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Summary\n\nThe first reason we believe the next stock bear market and recession will be the worst since the 1930s is due to extremely high asset valuations.\nThe second reason is due to extraordinarily ...</p>\n\n<a href=\"https://seekingalpha.com/article/4452860-5-reasons-the-next-stock-bear-market-and-recession-could-be-the-worst-since-the-1930s\">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://seekingalpha.com/article/4452860-5-reasons-the-next-stock-bear-market-and-recession-could-be-the-worst-since-the-1930s","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"1146170136","content_text":"Summary\n\nThe first reason we believe the next stock bear market and recession will be the worst since the 1930s is due to extremely high asset valuations.\nThe second reason is due to extraordinarily bullish investor sentiment.\nThe third reason is due to weak economic fundamentals.\nThe fourth reason is due to excessive debt levels.\nThe fifth reason is due to limited policy options.\n\nWith the S&P 500 (SPY) at all-time highs and seemingly endless “free liquidity” being provided by the Fed, the last thing most investors can envision right now is a major bear market or recession - particularly ones that will be the worst since the Great Depression of the 1930s!\nBut the facts we will detail in this article show that is highly likely to be the case. This is an extraordinary statement, but we are living in extraordinary times! Investors need to understand the risks they are facing now in order to prepare and profit from them in the future.\nHere are the five key reasons we believe the next stock bear market and recession will be worse than the Great Recession of 2008-2009 (when the S&P 500 fell 58% and it took about six years to recover), which will make it the worst since the 1930s (when the S&P 500 fell 86% and it took about 25 years to recover):\n1. Extremely High Asset Valuations\nInformed investors know that we are currently in an “Everything Bubble” driven by massive and persistent central bank money creation. Virtually every major financial asset is overvalued and priced to deliver low - or even negative - long-term returns.\nFor example, the Shiller P/E Ratio shown below is 30% higher than it was at the 1929 peak and is nearly as high as the all-time high in 2000. TheShiller P/E Ratiowas created by economist Robert Shiller and is calculated as the price of the S&P 500 divided by the average past 10 years of earnings, adjusted for inflation. It attempts to smooth the cyclicality of earnings. Historically, high Shiller P/E Ratios have led to below-average long-term returns.\nSource: Chart courtesy ofShiller PE Ratio, with annotations by Jon Wolfenbarger, CFA.\nWarren Buffett’s favorite valuation measure- and the one that best predicts future long-term stock market returns - is the Stock Market Capitalization To GDP Ratio, which is shown below. Based on this measure, stocks are trading 30% higher than the prior all-time high at the Tech Bubble peak of 2000! Stocks would have to fall over 60% for this ratio to return to the levels it reached at the stock market bottom in March 2009.\nSource: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.\nIt is not just stocks that are priced to deliver poor returns. US Treasury bills and bonds are trading at historically low interest rates not far above zero (and some countries have negative interest rates), assuring very low returns until maturity. Also, corporate bond yields relative to Treasury bond yields are at historically low levels.\nReal estate is also expensive, with REITs trading at historically low dividend yields. And as shown in the chart below of theS&P/Case-Shiller 20-City Home Price Index, home prices are currently 27% higher than they were at the housing bubble peak of 2006!\nSource: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.\nImportantly, not only do high valuations lead to low long-term returns but they also usually lead to devastating bear markets on the path to those low long-term returns.\n2. Extraordinarily Bullish Investor Sentiment\nAlong with high asset valuations, investor sentiment is at sky-high levels of bullishness. When investors are very bullish, that is a bearish contrarian indicator.\nThe best investor sentiment indicators show where investors are actually putting their hard-earned money in anticipation of making a profit, not just what they say their “mood” is. For sentiment, we focus on investoractions, notwords.\nOne excellent sentiment indicator is the Equity Put/Call Ratio. When investors are bearish, they buy Put options in anticipation of profiting from a fall in stock prices. When they are bullish, they buy Call options in anticipation of profiting from a rise in stock prices. When the ratio of Puts to Calls is very high, that shows investors are very bearish, which is a bullish contrarian indicator. Conversely, when the ratio of Puts to Calls is very low, that shows investors are very bullish, which is a bearish contrarian indicator.\nThe chart below shows the Equity Put/Call Ratio, using the 100-day moving average to reduce short-term noise in this indicator. Over the past year, it has fallen to extremely low levels - well below those seen at the stock market peak in 2007.\nSource: Chart courtesy ofStockCharts.com, with annotations by Jon Wolfenbarger, CFA.\nThe next chart is the Rydex Asset Ratio, which is the ratio of investor assets in all Rydex bear and money market funds (bearish positioning) compared to investor assets in all Rydex bull funds (bullish positioning). As you can see, investors have been very bullishly positioned in US stocks for over seven years! The last time investors approached this level of bullishness was around the Tech Bubble peak of 2000.\nSource: Chart courtesy ofStockCharts.com, with annotations by Jon Wolfenbarger, CFA.\nWhen the majority of investors are already very bullish and “all in”, there is no one left to buy and lots of potential sellers when something changes, as it always does. Most investors will be shocked when their bullish expectations meet the harsh reality of a major bear market.\n3. Weak Economic Fundamentals\nThe US economy is not as strong as it used to be. That is certainly true in the wake of the Covid pandemic, but it has also been true for the past two decades. All of the taxes, regulations and other government interventions in the economy in recent decades have created a weaker and more fragile economy that will make the next recession even worse.\nThe chart below of Industrial Production shows it is only 8% higher than at the 2000 peak and is 1% lower than at the 2007 peak. It has nearly flatlined over the past two decades. That is much weaker than the 3.9% annual growth in Industrial Production from 1920 to 2000.\nSource: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.\nTotal Nonfarm Employment, shown below, grew at a 2.5% annual rate from 1940 to 2000. Similar to Industrial Production, Employment has nearly flatlined over the past two decades. It has increased only 10% since the 2000 peak and only 6% since the 2007 peak. Sadly, it is still nearly 4% below the February 2020 peak.\nSource: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.\n4. Excessive Debt Levels\nThe chart below shows the US Total Debt To GDP Ratio is near recent all-time highs at 3.8 times (or 380%), even higher than the high levels preceding the Great Recession. Global Debt To GDP is also at record high levels over 300%, as is US Federal Debt To GDP at 125%.\nSource: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.\nExcessive debt has been the problem with every financial crisis in history, due to prior money creation out of thin air. So the next one promises to be one for the history books given these unprecedented high debt levels. Debt liquidation and defaults will lead to deflation, particularly for asset prices, as we saw in the Great Recession and even more so in the Great Depression.\n5. Limited Policy Options\nThe primary “bull case” for the stock market and economy over the past 12 years since the Great Recession ended has been “free liquidity” provided in seemingly endless amounts by the Federal Reserve. It is almost as though money really does grow on trees!\nBut money created out of thin air does not create new goods and services that improve living standards. If it did, a place likeZimbabwewould be the wealthiest country in the world. However, newly created money can flow into financial assets, which helps explain why valuation levels are so high.\nThe graph below shows “Austrian” Money Supply (AMS), the best measure of money supply that is consistent withthis Austrian School of Economics definition(although it no longer includes traveler’s checks, which have been discontinued in the Fed’s database due to limited use these days). AMS is up 40% since February 2020 and is up an astounding 225% since the Great Recession ended in June 2009!\nSource: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.\nThis is well above the money supply growth that drove the Roaring ‘20s and ultimately led to the Great Depression of the 1930s, as detailed in economist Murray N. Rothbard’s definitive history of that period in his bookAmerica’s Great Depression. In this book, heexplained the cause of the boom and bust business cycle:\nThe “boom-bust” cycle is generated by monetary intervention in the market, specifically bank credit expansion to business…[B]ank credit expansion sets into motion the business cycle in all its phases: the inflationary boom, marked by expansion of the money supply and by malinvestment; the crisis, which arrives when credit expansion ceases and malinvestments become evident; and the depression recovery, the necessary adjustment process by which the economy returns to the most efficient ways of satisfying consumer desires.\nAll this money creation has enabled the Fed to target theFederal Funds Rateat only 0.1%, as shown below. While that is above the negative interest rates prevailing in some countries, it doesn’t leave much room for the Fed to cut rates to try to prevent a recession, particularly with inflation at over 5% now. And as the chart shows, the Fed cut rates throughout the prior three recessions and bear markets and was not able to stop them, since the market is bigger than the Fed. This leaves the stock market and economy very vulnerable in the next downturn, with potentially no “safety nets” to protect them.\nSource: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.\nLastly, for the Keynesian economists who still believe the dogma that Federal budget deficits can prevent a recession - despite any evidence or logical theory to support it - the current Federal Budget Surplus/Deficit To GDP Ratio of -15% is the worst since World War II, as shown below. Given record-high government debt levels and deficits, how much more deficit spending will bond investors be willing to finance? And what good will it do, since deficits did not prevent the Great Recession?\nSource: Chart courtesy ofFRED, with annotations by Jon Wolfenbarger, CFA.\nImplications For Investors\nThere is much more that can be said to prove our case, but hopefully, the facts provided in this article are sufficient for investors to understand the current risks in financial assets and the economy.\nWhile the exact timing of the next bear market and recession is unknown and there are currently no signs of it with stocks at all-time highs, now is the time for investors to seek out information on how to identify the tell-tale signs of bear markets and how to profit from them, rather than being decimated by them, as the majority of investors, unfortunately, will be.","news_type":1},"isVote":1,"tweetType":1,"viewCount":229,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9003535067,"gmtCreate":1641007257078,"gmtModify":1676533564161,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4089292008532580","idStr":"4089292008532580"},"themes":[],"htmlText":"👀on the lookout","listText":"👀on the lookout","text":"👀on the lookout","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9003535067","repostId":"2195448557","repostType":4,"repost":{"id":"2195448557","pubTimestamp":1640964603,"share":"https://ttm.financial/m/news/2195448557?lang=&edition=fundamental","pubTime":"2021-12-31 23:30","market":"us","language":"en","title":"Could Apple's Market Cap Hit $4 Trillion in 2022?","url":"https://stock-news.laohu8.com/highlight/detail?id=2195448557","media":"Motley Fool","summary":"As the Street wonders when Apple can break through the $3 trillion mark, investors should look even further ahead: Is a $4 trillion market cap on the horizon?","content":"<html><head></head><body><p>Shares of technology giant <b>Apple</b> (NASDAQ:AAPL) soared in 2021. As of Dec. 30, the stock had gained 34% in 2021. This put the market cap at more than $2.9 trillion.</p><p>While many recent headlines about the company have focused on its market capitalization approaching $3 trillion, investors might be wise to consider an even more bullish target: $4 trillion. Indeed, a close look at the stock suggests that a $4 trillion market cap could be within reach for the tech company in the near future -- possibly even within 2022.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/759ce68147322ebcd7995f48e3873e6e\" tg-width=\"700\" tg-height=\"393\" referrerpolicy=\"no-referrer\"/><span>Image source: Getty Images.</span></p><h2>The path to $4 trillion</h2><p>A close look at Apple stock&#39;s conservative valuation and the company&#39;s broad-based momentum makes a good case for shares being undervalued today, setting the stage for a potential $4 trillion market capitalization in 2022.</p><p>The first way Apple stock could gain is simply through expansion in its valuation multiple. Some megacap stocks trade at substantially higher multiples relative to their free cash flow (FCF) than Apple does. If Apple can close the gap and command a similar premium, multiple expansion alone could help the stock rise substantially.</p><p>Consider that <b>Microsoft</b> (NASDAQ:MSFT) trades at 42 times its free cash flow. Apple, meanwhile, trades at only 31 times its FCF. Apple&#39;s stock price would have to rise 35% for its FCF valuation multiple to match Microsoft&#39;s. This alone would put the company&#39;s market capitalization at about $4 trillion.</p><p>There is actually a good case for Apple stock&#39;s valuation to see multiple expansion in the coming years: The tech giant&#39;s services business, which is a more reliable revenue source than its products, is growing as a percentage of Apple&#39;s total business. With a more predictable and reliable revenue source (that appears to still have lots of upside) increasingly driving Apple&#39;s growth, investors may start rewarding the stock with higher valuation multiples. In fiscal 2021, Apple&#39;s services revenue was 19% of revenue, up from less than 18% of revenue two years ago and 15% three years ago.</p><p>But even without this much multiple expansion, strong fundamentals could lift Apple shares meaningfully in 2022 and beyond. Consider that the company is seeing strong double-digit revenue growth recently, with record fiscal fourth-quarter revenue across every geographic and product segment. Specifically, Apple&#39;s fiscal fourth-quarter revenue came in at $83.4 billion, up from $64.7 billion in the year-ago quarter. But management estimates that revenue for the period would have been $6 billion higher if it weren&#39;t for supply constraints during the period.</p><p>Suffice to say, Apple&#39;s business is firing on all cylinders. With momentum in every geographic and product segment, it wouldn&#39;t be surprising to see double-digit growth rates in the company&#39;s revenue and free cash flow in fiscal 2022, providing solid substance for more share gains.</p><h2>Expect a bumpy ride</h2><p>While it is possible that Apple&#39;s market capitalization swells to $4 trillion before the end of 2022, there are no guarantees in investing. Even if everything goes well for Apple as a business, the stock itself could do poorly in the near term. Sometimes, for one reason or another, stocks fall in and out of favor. So even though shares appear undervalued today, the stock could fall before it rises.</p><p>And there&#39;s always a chance that Apple sees multiple <i>compression</i> instead of multiple expansion. While Apple&#39;s business fundamentals appear worthy of a Microsoft-like premium, the company&#39;s shares have usually traded at a discount to Microsoft&#39;s in terms of valuation multiples because Microsoft&#39;s business model is considered to be more sustainable and less dependent on blockbuster product hits like new iPhones. Apple notably also makes more than half of its sales from a single product: the iPhone. Its heavy reliance on a single product segment generally makes Wall Street view the stock as risker than Microsoft, which has a business primarily made up of recurring revenue from various software and services sources.</p><p>But given Apple&#39;s long history of pricing power, loyal customers, and an ability to bring to market products in entirely new categories every now and then, the tech company will likely keep succeeding -- and its market cap could march toward $4 trillion.</p></body></html>","source":"fool_stock","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>Could Apple's Market Cap Hit $4 Trillion in 2022?</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\">\nCould Apple's Market Cap Hit $4 Trillion in 2022?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-12-31 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2021/12/31/could-apples-market-cap-hit-4-trillion-in-2022/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Shares of technology giant Apple (NASDAQ:AAPL) soared in 2021. As of Dec. 30, the stock had gained 34% in 2021. This put the market cap at more than $2.9 trillion.While many recent headlines about the...</p>\n\n<a href=\"https://www.fool.com/investing/2021/12/31/could-apples-market-cap-hit-4-trillion-in-2022/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4097":"系统软件","BK4505":"高瓴资本持仓","BK4504":"桥水持仓","BK4170":"电脑硬件、储存设备及电脑周边","BK4548":"巴美列捷福持仓","BK4516":"特朗普概念","BK4528":"SaaS概念","BK4532":"文艺复兴科技持仓","BK4554":"元宇宙及AR概念","BK4515":"5G概念","BK4553":"喜马拉雅资本持仓","BK4567":"ESG概念","BK4507":"流媒体概念","BK4534":"瑞士信贷持仓","BK4533":"AQR资本管理(全球第二大对冲基金)","BK4566":"资本集团","BK4211":"区域性银行","BK4525":"远程办公概念","FCF":"第一联邦金融","AAPL":"苹果","BK4535":"淡马锡持仓","BK4501":"段永平概念","BK4538":"云计算","MSFT":"微软","BK4559":"巴菲特持仓","BK4527":"明星科技股","BK4550":"红杉资本持仓","BK4503":"景林资产持仓"},"source_url":"https://www.fool.com/investing/2021/12/31/could-apples-market-cap-hit-4-trillion-in-2022/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2195448557","content_text":"Shares of technology giant Apple (NASDAQ:AAPL) soared in 2021. As of Dec. 30, the stock had gained 34% in 2021. This put the market cap at more than $2.9 trillion.While many recent headlines about the company have focused on its market capitalization approaching $3 trillion, investors might be wise to consider an even more bullish target: $4 trillion. Indeed, a close look at the stock suggests that a $4 trillion market cap could be within reach for the tech company in the near future -- possibly even within 2022.Image source: Getty Images.The path to $4 trillionA close look at Apple stock's conservative valuation and the company's broad-based momentum makes a good case for shares being undervalued today, setting the stage for a potential $4 trillion market capitalization in 2022.The first way Apple stock could gain is simply through expansion in its valuation multiple. Some megacap stocks trade at substantially higher multiples relative to their free cash flow (FCF) than Apple does. If Apple can close the gap and command a similar premium, multiple expansion alone could help the stock rise substantially.Consider that Microsoft (NASDAQ:MSFT) trades at 42 times its free cash flow. Apple, meanwhile, trades at only 31 times its FCF. Apple's stock price would have to rise 35% for its FCF valuation multiple to match Microsoft's. This alone would put the company's market capitalization at about $4 trillion.There is actually a good case for Apple stock's valuation to see multiple expansion in the coming years: The tech giant's services business, which is a more reliable revenue source than its products, is growing as a percentage of Apple's total business. With a more predictable and reliable revenue source (that appears to still have lots of upside) increasingly driving Apple's growth, investors may start rewarding the stock with higher valuation multiples. In fiscal 2021, Apple's services revenue was 19% of revenue, up from less than 18% of revenue two years ago and 15% three years ago.But even without this much multiple expansion, strong fundamentals could lift Apple shares meaningfully in 2022 and beyond. Consider that the company is seeing strong double-digit revenue growth recently, with record fiscal fourth-quarter revenue across every geographic and product segment. Specifically, Apple's fiscal fourth-quarter revenue came in at $83.4 billion, up from $64.7 billion in the year-ago quarter. But management estimates that revenue for the period would have been $6 billion higher if it weren't for supply constraints during the period.Suffice to say, Apple's business is firing on all cylinders. With momentum in every geographic and product segment, it wouldn't be surprising to see double-digit growth rates in the company's revenue and free cash flow in fiscal 2022, providing solid substance for more share gains.Expect a bumpy rideWhile it is possible that Apple's market capitalization swells to $4 trillion before the end of 2022, there are no guarantees in investing. Even if everything goes well for Apple as a business, the stock itself could do poorly in the near term. Sometimes, for one reason or another, stocks fall in and out of favor. So even though shares appear undervalued today, the stock could fall before it rises.And there's always a chance that Apple sees multiple compression instead of multiple expansion. While Apple's business fundamentals appear worthy of a Microsoft-like premium, the company's shares have usually traded at a discount to Microsoft's in terms of valuation multiples because Microsoft's business model is considered to be more sustainable and less dependent on blockbuster product hits like new iPhones. Apple notably also makes more than half of its sales from a single product: the iPhone. Its heavy reliance on a single product segment generally makes Wall Street view the stock as risker than Microsoft, which has a business primarily made up of recurring revenue from various software and services sources.But given Apple's long history of pricing power, loyal customers, and an ability to bring to market products in entirely new categories every now and then, the tech company will likely keep succeeding -- and its market cap could march toward $4 trillion.","news_type":1},"isVote":1,"tweetType":1,"viewCount":385,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":881181249,"gmtCreate":1631317193781,"gmtModify":1676530525593,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4089292008532580","idStr":"4089292008532580"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AGS.SI\">$THE HOUR GLASS LIMITED(AGS.SI)$</a>been down after hitting its peak at 1.69, will it continue falling or up again??","listText":"<a href=\"https://laohu8.com/S/AGS.SI\">$THE HOUR GLASS LIMITED(AGS.SI)$</a>been down after hitting its peak at 1.69, will it continue falling or up again??","text":"$THE HOUR GLASS LIMITED(AGS.SI)$been down after hitting its peak at 1.69, will it continue falling or up again??","images":[{"img":"https://static.tigerbbs.com/e0ec9a40d7796118c0f5fc544df71103","width":"1080","height":"1920"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/881181249","isVote":1,"tweetType":1,"viewCount":200,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":880210814,"gmtCreate":1631059457438,"gmtModify":1676530454107,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4089292008532580","idStr":"4089292008532580"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>yesss&nbsp;","listText":"<a href=\"https://laohu8.com/S/AAPL\">$Apple(AAPL)$</a>yesss&nbsp;","text":"$Apple(AAPL)$yesss","images":[{"img":"https://static.tigerbbs.com/7c0158bdb6a678c5a6235c6580510eba","width":"1080","height":"2528"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/880210814","isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":839698865,"gmtCreate":1629155288857,"gmtModify":1676529945087,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4089292008532580","idStr":"4089292008532580"},"themes":[],"htmlText":"Go!!","listText":"Go!!","text":"Go!!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/839698865","repostId":"1107849010","repostType":2,"isVote":1,"tweetType":1,"viewCount":96,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":899246498,"gmtCreate":1628203862014,"gmtModify":1703502930296,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4089292008532580","idStr":"4089292008532580"},"themes":[],"htmlText":"??","listText":"??","text":"??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/899246498","repostId":"1102705333","repostType":4,"isVote":1,"tweetType":1,"viewCount":137,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":804121309,"gmtCreate":1627946709901,"gmtModify":1703498198789,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4089292008532580","idStr":"4089292008532580"},"themes":[],"htmlText":"Great!","listText":"Great!","text":"Great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/804121309","repostId":"1191057621","repostType":4,"repost":{"id":"1191057621","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":1627905199,"share":"https://ttm.financial/m/news/1191057621?lang=&edition=fundamental","pubTime":"2021-08-02 19:53","market":"us","language":"en","title":"Toplines Before US Market Open on Monday","url":"https://stock-news.laohu8.com/highlight/detail?id=1191057621","media":"Tiger Newspress","summary":"Futures rise amid earnings optimism; Dollar dips.\nSquare, Moderna, First Solar and more made the big","content":"<ul>\n <li>Futures rise amid earnings optimism; Dollar dips.</li>\n <li>Square, Moderna, First Solar and more made the biggest moves in the premarket.</li>\n <li>Treasuries steady; crude oil declines on China outlook.</li>\n</ul>\n<p>(August&nbsp;2)&nbsp;U.S. index futures gained along with European stocks as upbeat earnings and a surge in corporatedealmakinglifted sentiment, offsetting lingering concerns over China’s regulatory crackdown and the spread of the delta virus variant.</p>\n<p>U.S. S&amp;P 500 E-minis were up 19.5 points, or 0.44%, at 07:52 a.m. ET. Dow E-minis gained 118 points, or 0.34%, while Nasdaq 100 E-minis rose 66.75 points, or 0.45%.</p>\n<p><img src=\"https://static.tigerbbs.com/ffb408f47638770562209367ca7ab1f1\" tg-width=\"1242\" tg-height=\"517\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Stocks making the biggest moves in the premarket:</b></p>\n<p><b>1)&nbsp;Square(SQ)</b> – The digital payments company agreed to buy Australia’s Afterpayfor about $29 billion in stock, representing a roughly 30% premium for Afterpay shareholders. Square shares fell 4.8% in the premarket, but news of the deal boosted shares of U.S.-based payment companyAffirm(AFRM) by 8.2%.</p>\n<p><b>2)&nbsp;Zoom Video(ZM) </b>– The video conferencing companyagreed to pay $85 millionto settle a lawsuit accusing it violated the privacy rights of users. It also agreed to beef up its security practices to prevent so-called “Zoombombing,” where hackers disrupted Zoom meetings.</p>\n<p><b>3)&nbsp;General Electric(GE)</b> – GE has completed its previously announced one-for-eight reverse stock split and will begin trading on a post-split basis today.</p>\n<p><b>4)&nbsp;Moderna(MRNA),Pfizer(PFE),BioNTech(BNTX)</b> – Moderna and Pfizer both raised prices for their Covid-19 vaccines in their latest supply contracts, according to the Financial Times. Additionally, The Wall Street Journal reported that the Food and Drug Administration is under pressure to give both vaccines full approval and that this could happen within the next month for Pfizer and partner BioNTech. Moderna rose 2.5% in the premarket, Pfizer gained 1%, while BioNTech surged 5.1%.</p>\n<p><b>5)&nbsp;Foot Locker(FL)</b> – The athletic footwear and apparel retailer announced a deal to buy California-based shoe store chain WSS for $750 million and Japan-based streetwear brand Atmos for $360 million.</p>\n<p><b>6)&nbsp;Uber Technologies(UBER)</b> – Shares of Uber gained 1.1% in premarket trading after Gordon Haskett Research Advisors initiated coverage with a “buy” rating. Haskett called Uber a company that is continually engraining itself in the everyday lives of consumers through its ride-hailing and food delivery services.</p>\n<p><b>7)&nbsp;Capri Holdings(CPRI)</b> – Capri rose 1.2% in the premarket following an upgrade to “buy” from “neutral” at MKM Partners, which noted a string of better than expected quarters for the company behind brands like Michael Kors and Versace. MKM also cited an overall improvement in the luxury goods sector.</p>\n<p><b>8)&nbsp;Discovery(DISCA)</b> – Discovery is in informal talks about a potential bid for British state-owned broadcaster Channel 4, according to Britain’s Telegraph newspaper.</p>\n<p><b>9)&nbsp;Robinhood(HOOD)</b> – More than 300,000 users of the stock trading app bought shares in Robinhood’s initial public offering last week, according to The Wall Street Journal. That represents about 1.3% of the company’s funded account base. Robinhood added 1.5% in premarket trading.</p>\n<p><b>10)&nbsp;Parker-Hannifin(PH)</b> – The maker of motion control technology and other industrial products is buying British rival Meggitt for about $8.8 billion in cash. Parker-Hannifin shares fell 2.2% in premarket action.</p>\n<p><b>11)&nbsp;Li Auto(LI)</b> – The China-based electric vehicle maker delivered 8,589 vehicles in July, an increase of 125% compared to July 2020. Li’s U.S.-based shares surged 4.3% in the premarket.</p>\n<p><b>12)&nbsp;First Solar(FSLR)</b> – The solar power systems maker’s shares gained 2.9% in premarket trading after Susquehanna Financial upgraded the stock to “positive” from “neutral,” based on upbeat management comments on solar module demand and pricing.</p>\n<p><b>In FX,</b>a relatively sedate start to the new week and month, but the Dollar has lost some recovery momentum and is moderately softer vs high beta and cyclical counterparts amidst a general improvement in risk sentiment. Hence, the index slipped back beneath 92.000 within a 92.174-91.962 band before finding a base and awaiting the final US Markit manufacturing PMI, construction spending and ISM in particular for the survey breakdown and first jobs proxy for Friday’s NFP.</p>\n<ul>\n <li>AUD/NZD/EUR/GBP - The Aussie and Kiwi have both regained some composure to pare overnight losses incurred on the back of further COVID restrictions, a Chinese manufacturing PMI miss, technical and cross-related factors. However, Aud/Usd remains heavy above 0.7350 and unlikely to trouble hefty option expiry interest at the 0.7400 strike (1.2 bn) ahead of the RBA tomorrow given expectations that the ongoing pandemic outbreaks could well force the Bank to backtrack on QE tapering plans. Meanwhile, Nzd/Usd is still rotating around the 21 DMA that comes in at 0.6979 today having failed to retain grasp of the 0.7000 handle, and the Euro is back below 1.1900 where 1.4 bn option expiries reside in wake of broadly softer than expected Eurozone manufacturing PMIs, bar Germany’s upgrade. Conversely, Cable is back over 1.3900 and Eur/Gbp is holding under 0.8550 following an unrevised final UK manufacturing PMI in advance of Thursday’s BoE.</li>\n <li>CAD/JPY/CHF - All very narrowly divergent vs the Greenback, and the Loonie holding up well in the face of weakness in WTI crude circa 1.2470, while the Yen is meandering from 109.60-77 in the run up to Tokyo inflation data on Tuesday and the Franc is straddling 0.9055 after in line Swiss CPI, a slowdown in retail sales vs pick up in the manufacturing PMI and weekly sight deposits showing just a small rise on domestic bank balances.</li>\n <li>SCANDI/EM - Contrasting manufacturing PMIs from Sweden and Norway, as the former dipped and latter gathered pace, but the Sek is straddling 10.2100 against the Eur with assistance from the aforementioned pick-up in overall risk appetite, while the Nok wanes within a 10.4910-10.4530 range due to a pull-back in Brent prices from Usd 75+/brl towards Usd 74.00.</li>\n</ul>\n<p><b>In commodities,</b>WTI and Brent have commenced the week on the backfoot, with the benchmarks lower by USD 1.00/bbl on the session. Such pressure comes in spite of the generally modestly constructive risk tone in a quiet European session with final PMIs not moving the dial much; with attention more on the weeks macro themes as outlined above. In crude specifics, updates have been very sparse throughout the session and as such the complex is more focus on COVID-19 related dynamics. With the demand-side of the equation torn between the ongoing case increases in Tokyo, among other areas, but on the flip-side supported by a push from top UK Cabinet Officials for an easing of travel restrictions and more broadly as NIH’s Fauci now does not believe the US is likely to return to lockdowns. Elsewhere, attention is on the geopolitical front and specifically last week’s attack on a ship off the Oman coast on which the US Secretary of State is confident that Iran is behind this attack. Moving to metals, spot gold and silver are modestly pressured with not too much read across from a choppy USD as we stand and likely on the back of the aforementioned broader risk tone; for reference, the yellow metal still holds the USD 1800/oz mark. Separately, much of the mornings focus is on copper where BHPs Escondida, Chile facility is facing strike action after the union rejected BHPs final labour offer. As such, Government-mediated discussions will last for 5-10 days and if the status quo is maintained and there is no breakthrough then strike action will formally commence. Given the uncertainty, LME Copper is supported on the session albeit still well off the pivotal USD 10k/t mark vs the current high USD 9799/t.</p>\n<p><b>US Event Calendar</b></p>\n<ul>\n <li>9:45am: July Markit US Manufacturing PMI, est. 63.1, prior 63.1</li>\n <li>10am: June Construction Spending MoM, est. 0.5%, prior -0.3%</li>\n <li>10am: July ISM Manufacturing, est. 60.9, prior 60.6</li>\n</ul>","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>Toplines Before US Market Open on Monday</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\">\nToplines Before US Market Open on Monday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-08-02 19:53</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>Futures rise amid earnings optimism; Dollar dips.</li>\n <li>Square, Moderna, First Solar and more made the biggest moves in the premarket.</li>\n <li>Treasuries steady; crude oil declines on China outlook.</li>\n</ul>\n<p>(August&nbsp;2)&nbsp;U.S. index futures gained along with European stocks as upbeat earnings and a surge in corporatedealmakinglifted sentiment, offsetting lingering concerns over China’s regulatory crackdown and the spread of the delta virus variant.</p>\n<p>U.S. S&amp;P 500 E-minis were up 19.5 points, or 0.44%, at 07:52 a.m. ET. Dow E-minis gained 118 points, or 0.34%, while Nasdaq 100 E-minis rose 66.75 points, or 0.45%.</p>\n<p><img src=\"https://static.tigerbbs.com/ffb408f47638770562209367ca7ab1f1\" tg-width=\"1242\" tg-height=\"517\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Stocks making the biggest moves in the premarket:</b></p>\n<p><b>1)&nbsp;Square(SQ)</b> – The digital payments company agreed to buy Australia’s Afterpayfor about $29 billion in stock, representing a roughly 30% premium for Afterpay shareholders. Square shares fell 4.8% in the premarket, but news of the deal boosted shares of U.S.-based payment companyAffirm(AFRM) by 8.2%.</p>\n<p><b>2)&nbsp;Zoom Video(ZM) </b>– The video conferencing companyagreed to pay $85 millionto settle a lawsuit accusing it violated the privacy rights of users. It also agreed to beef up its security practices to prevent so-called “Zoombombing,” where hackers disrupted Zoom meetings.</p>\n<p><b>3)&nbsp;General Electric(GE)</b> – GE has completed its previously announced one-for-eight reverse stock split and will begin trading on a post-split basis today.</p>\n<p><b>4)&nbsp;Moderna(MRNA),Pfizer(PFE),BioNTech(BNTX)</b> – Moderna and Pfizer both raised prices for their Covid-19 vaccines in their latest supply contracts, according to the Financial Times. Additionally, The Wall Street Journal reported that the Food and Drug Administration is under pressure to give both vaccines full approval and that this could happen within the next month for Pfizer and partner BioNTech. Moderna rose 2.5% in the premarket, Pfizer gained 1%, while BioNTech surged 5.1%.</p>\n<p><b>5)&nbsp;Foot Locker(FL)</b> – The athletic footwear and apparel retailer announced a deal to buy California-based shoe store chain WSS for $750 million and Japan-based streetwear brand Atmos for $360 million.</p>\n<p><b>6)&nbsp;Uber Technologies(UBER)</b> – Shares of Uber gained 1.1% in premarket trading after Gordon Haskett Research Advisors initiated coverage with a “buy” rating. Haskett called Uber a company that is continually engraining itself in the everyday lives of consumers through its ride-hailing and food delivery services.</p>\n<p><b>7)&nbsp;Capri Holdings(CPRI)</b> – Capri rose 1.2% in the premarket following an upgrade to “buy” from “neutral” at MKM Partners, which noted a string of better than expected quarters for the company behind brands like Michael Kors and Versace. MKM also cited an overall improvement in the luxury goods sector.</p>\n<p><b>8)&nbsp;Discovery(DISCA)</b> – Discovery is in informal talks about a potential bid for British state-owned broadcaster Channel 4, according to Britain’s Telegraph newspaper.</p>\n<p><b>9)&nbsp;Robinhood(HOOD)</b> – More than 300,000 users of the stock trading app bought shares in Robinhood’s initial public offering last week, according to The Wall Street Journal. That represents about 1.3% of the company’s funded account base. Robinhood added 1.5% in premarket trading.</p>\n<p><b>10)&nbsp;Parker-Hannifin(PH)</b> – The maker of motion control technology and other industrial products is buying British rival Meggitt for about $8.8 billion in cash. Parker-Hannifin shares fell 2.2% in premarket action.</p>\n<p><b>11)&nbsp;Li Auto(LI)</b> – The China-based electric vehicle maker delivered 8,589 vehicles in July, an increase of 125% compared to July 2020. Li’s U.S.-based shares surged 4.3% in the premarket.</p>\n<p><b>12)&nbsp;First Solar(FSLR)</b> – The solar power systems maker’s shares gained 2.9% in premarket trading after Susquehanna Financial upgraded the stock to “positive” from “neutral,” based on upbeat management comments on solar module demand and pricing.</p>\n<p><b>In FX,</b>a relatively sedate start to the new week and month, but the Dollar has lost some recovery momentum and is moderately softer vs high beta and cyclical counterparts amidst a general improvement in risk sentiment. Hence, the index slipped back beneath 92.000 within a 92.174-91.962 band before finding a base and awaiting the final US Markit manufacturing PMI, construction spending and ISM in particular for the survey breakdown and first jobs proxy for Friday’s NFP.</p>\n<ul>\n <li>AUD/NZD/EUR/GBP - The Aussie and Kiwi have both regained some composure to pare overnight losses incurred on the back of further COVID restrictions, a Chinese manufacturing PMI miss, technical and cross-related factors. However, Aud/Usd remains heavy above 0.7350 and unlikely to trouble hefty option expiry interest at the 0.7400 strike (1.2 bn) ahead of the RBA tomorrow given expectations that the ongoing pandemic outbreaks could well force the Bank to backtrack on QE tapering plans. Meanwhile, Nzd/Usd is still rotating around the 21 DMA that comes in at 0.6979 today having failed to retain grasp of the 0.7000 handle, and the Euro is back below 1.1900 where 1.4 bn option expiries reside in wake of broadly softer than expected Eurozone manufacturing PMIs, bar Germany’s upgrade. Conversely, Cable is back over 1.3900 and Eur/Gbp is holding under 0.8550 following an unrevised final UK manufacturing PMI in advance of Thursday’s BoE.</li>\n <li>CAD/JPY/CHF - All very narrowly divergent vs the Greenback, and the Loonie holding up well in the face of weakness in WTI crude circa 1.2470, while the Yen is meandering from 109.60-77 in the run up to Tokyo inflation data on Tuesday and the Franc is straddling 0.9055 after in line Swiss CPI, a slowdown in retail sales vs pick up in the manufacturing PMI and weekly sight deposits showing just a small rise on domestic bank balances.</li>\n <li>SCANDI/EM - Contrasting manufacturing PMIs from Sweden and Norway, as the former dipped and latter gathered pace, but the Sek is straddling 10.2100 against the Eur with assistance from the aforementioned pick-up in overall risk appetite, while the Nok wanes within a 10.4910-10.4530 range due to a pull-back in Brent prices from Usd 75+/brl towards Usd 74.00.</li>\n</ul>\n<p><b>In commodities,</b>WTI and Brent have commenced the week on the backfoot, with the benchmarks lower by USD 1.00/bbl on the session. Such pressure comes in spite of the generally modestly constructive risk tone in a quiet European session with final PMIs not moving the dial much; with attention more on the weeks macro themes as outlined above. In crude specifics, updates have been very sparse throughout the session and as such the complex is more focus on COVID-19 related dynamics. With the demand-side of the equation torn between the ongoing case increases in Tokyo, among other areas, but on the flip-side supported by a push from top UK Cabinet Officials for an easing of travel restrictions and more broadly as NIH’s Fauci now does not believe the US is likely to return to lockdowns. Elsewhere, attention is on the geopolitical front and specifically last week’s attack on a ship off the Oman coast on which the US Secretary of State is confident that Iran is behind this attack. Moving to metals, spot gold and silver are modestly pressured with not too much read across from a choppy USD as we stand and likely on the back of the aforementioned broader risk tone; for reference, the yellow metal still holds the USD 1800/oz mark. Separately, much of the mornings focus is on copper where BHPs Escondida, Chile facility is facing strike action after the union rejected BHPs final labour offer. As such, Government-mediated discussions will last for 5-10 days and if the status quo is maintained and there is no breakthrough then strike action will formally commence. Given the uncertainty, LME Copper is supported on the session albeit still well off the pivotal USD 10k/t mark vs the current high USD 9799/t.</p>\n<p><b>US Event Calendar</b></p>\n<ul>\n <li>9:45am: July Markit US Manufacturing PMI, est. 63.1, prior 63.1</li>\n <li>10am: June Construction Spending MoM, est. 0.5%, prior -0.3%</li>\n <li>10am: July ISM Manufacturing, est. 60.9, prior 60.6</li>\n</ul>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BNTX":"BioNTech SE","PH":"汉尼汾",".DJI":"道琼斯","PFE":"辉瑞","CPRI":"Capri Holdings Ltd","UBER":"优步","SQ":"Block","GE":"GE航空航天",".IXIC":"NASDAQ Composite","HOOD":"Robinhood","SPY":"标普500ETF","DISCA":"探索传播","ZM":"Zoom","LI":"理想汽车",".SPX":"S&P 500 Index","MRNA":"Moderna, Inc.","FL":"富乐客","FSLR":"第一太阳能"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191057621","content_text":"Futures rise amid earnings optimism; Dollar dips.\nSquare, Moderna, First Solar and more made the biggest moves in the premarket.\nTreasuries steady; crude oil declines on China outlook.\n\n(August 2) U.S. index futures gained along with European stocks as upbeat earnings and a surge in corporatedealmakinglifted sentiment, offsetting lingering concerns over China’s regulatory crackdown and the spread of the delta virus variant.\nU.S. S&P 500 E-minis were up 19.5 points, or 0.44%, at 07:52 a.m. ET. Dow E-minis gained 118 points, or 0.34%, while Nasdaq 100 E-minis rose 66.75 points, or 0.45%.\n\nStocks making the biggest moves in the premarket:\n1) Square(SQ) – The digital payments company agreed to buy Australia’s Afterpayfor about $29 billion in stock, representing a roughly 30% premium for Afterpay shareholders. Square shares fell 4.8% in the premarket, but news of the deal boosted shares of U.S.-based payment companyAffirm(AFRM) by 8.2%.\n2) Zoom Video(ZM) – The video conferencing companyagreed to pay $85 millionto settle a lawsuit accusing it violated the privacy rights of users. It also agreed to beef up its security practices to prevent so-called “Zoombombing,” where hackers disrupted Zoom meetings.\n3) General Electric(GE) – GE has completed its previously announced one-for-eight reverse stock split and will begin trading on a post-split basis today.\n4) Moderna(MRNA),Pfizer(PFE),BioNTech(BNTX) – Moderna and Pfizer both raised prices for their Covid-19 vaccines in their latest supply contracts, according to the Financial Times. Additionally, The Wall Street Journal reported that the Food and Drug Administration is under pressure to give both vaccines full approval and that this could happen within the next month for Pfizer and partner BioNTech. Moderna rose 2.5% in the premarket, Pfizer gained 1%, while BioNTech surged 5.1%.\n5) Foot Locker(FL) – The athletic footwear and apparel retailer announced a deal to buy California-based shoe store chain WSS for $750 million and Japan-based streetwear brand Atmos for $360 million.\n6) Uber Technologies(UBER) – Shares of Uber gained 1.1% in premarket trading after Gordon Haskett Research Advisors initiated coverage with a “buy” rating. Haskett called Uber a company that is continually engraining itself in the everyday lives of consumers through its ride-hailing and food delivery services.\n7) Capri Holdings(CPRI) – Capri rose 1.2% in the premarket following an upgrade to “buy” from “neutral” at MKM Partners, which noted a string of better than expected quarters for the company behind brands like Michael Kors and Versace. MKM also cited an overall improvement in the luxury goods sector.\n8) Discovery(DISCA) – Discovery is in informal talks about a potential bid for British state-owned broadcaster Channel 4, according to Britain’s Telegraph newspaper.\n9) Robinhood(HOOD) – More than 300,000 users of the stock trading app bought shares in Robinhood’s initial public offering last week, according to The Wall Street Journal. That represents about 1.3% of the company’s funded account base. Robinhood added 1.5% in premarket trading.\n10) Parker-Hannifin(PH) – The maker of motion control technology and other industrial products is buying British rival Meggitt for about $8.8 billion in cash. Parker-Hannifin shares fell 2.2% in premarket action.\n11) Li Auto(LI) – The China-based electric vehicle maker delivered 8,589 vehicles in July, an increase of 125% compared to July 2020. Li’s U.S.-based shares surged 4.3% in the premarket.\n12) First Solar(FSLR) – The solar power systems maker’s shares gained 2.9% in premarket trading after Susquehanna Financial upgraded the stock to “positive” from “neutral,” based on upbeat management comments on solar module demand and pricing.\nIn FX,a relatively sedate start to the new week and month, but the Dollar has lost some recovery momentum and is moderately softer vs high beta and cyclical counterparts amidst a general improvement in risk sentiment. Hence, the index slipped back beneath 92.000 within a 92.174-91.962 band before finding a base and awaiting the final US Markit manufacturing PMI, construction spending and ISM in particular for the survey breakdown and first jobs proxy for Friday’s NFP.\n\nAUD/NZD/EUR/GBP - The Aussie and Kiwi have both regained some composure to pare overnight losses incurred on the back of further COVID restrictions, a Chinese manufacturing PMI miss, technical and cross-related factors. However, Aud/Usd remains heavy above 0.7350 and unlikely to trouble hefty option expiry interest at the 0.7400 strike (1.2 bn) ahead of the RBA tomorrow given expectations that the ongoing pandemic outbreaks could well force the Bank to backtrack on QE tapering plans. Meanwhile, Nzd/Usd is still rotating around the 21 DMA that comes in at 0.6979 today having failed to retain grasp of the 0.7000 handle, and the Euro is back below 1.1900 where 1.4 bn option expiries reside in wake of broadly softer than expected Eurozone manufacturing PMIs, bar Germany’s upgrade. Conversely, Cable is back over 1.3900 and Eur/Gbp is holding under 0.8550 following an unrevised final UK manufacturing PMI in advance of Thursday’s BoE.\nCAD/JPY/CHF - All very narrowly divergent vs the Greenback, and the Loonie holding up well in the face of weakness in WTI crude circa 1.2470, while the Yen is meandering from 109.60-77 in the run up to Tokyo inflation data on Tuesday and the Franc is straddling 0.9055 after in line Swiss CPI, a slowdown in retail sales vs pick up in the manufacturing PMI and weekly sight deposits showing just a small rise on domestic bank balances.\nSCANDI/EM - Contrasting manufacturing PMIs from Sweden and Norway, as the former dipped and latter gathered pace, but the Sek is straddling 10.2100 against the Eur with assistance from the aforementioned pick-up in overall risk appetite, while the Nok wanes within a 10.4910-10.4530 range due to a pull-back in Brent prices from Usd 75+/brl towards Usd 74.00.\n\nIn commodities,WTI and Brent have commenced the week on the backfoot, with the benchmarks lower by USD 1.00/bbl on the session. Such pressure comes in spite of the generally modestly constructive risk tone in a quiet European session with final PMIs not moving the dial much; with attention more on the weeks macro themes as outlined above. In crude specifics, updates have been very sparse throughout the session and as such the complex is more focus on COVID-19 related dynamics. With the demand-side of the equation torn between the ongoing case increases in Tokyo, among other areas, but on the flip-side supported by a push from top UK Cabinet Officials for an easing of travel restrictions and more broadly as NIH’s Fauci now does not believe the US is likely to return to lockdowns. Elsewhere, attention is on the geopolitical front and specifically last week’s attack on a ship off the Oman coast on which the US Secretary of State is confident that Iran is behind this attack. Moving to metals, spot gold and silver are modestly pressured with not too much read across from a choppy USD as we stand and likely on the back of the aforementioned broader risk tone; for reference, the yellow metal still holds the USD 1800/oz mark. Separately, much of the mornings focus is on copper where BHPs Escondida, Chile facility is facing strike action after the union rejected BHPs final labour offer. As such, Government-mediated discussions will last for 5-10 days and if the status quo is maintained and there is no breakthrough then strike action will formally commence. Given the uncertainty, LME Copper is supported on the session albeit still well off the pivotal USD 10k/t mark vs the current high USD 9799/t.\nUS Event Calendar\n\n9:45am: July Markit US Manufacturing PMI, est. 63.1, prior 63.1\n10am: June Construction Spending MoM, est. 0.5%, prior -0.3%\n10am: July ISM Manufacturing, est. 60.9, prior 60.6","news_type":1},"isVote":1,"tweetType":1,"viewCount":146,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187278545740024,"gmtCreate":1686749927478,"gmtModify":1686749931141,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4089292008532580","idStr":"4089292008532580"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/187278545740024","repostId":"9970552986","repostType":1,"repost":{"id":9970552986,"gmtCreate":1684749089245,"gmtModify":1686052573124,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667667103859","idStr":"3527667667103859"},"themes":[],"title":"Light up your investing with Tiger, play and win prizes worth up to USD 999","htmlText":"Join our exclusive \"Light up Your Investing\" campaign with Tiger!Participate in our game and win fantastic prizes worth up to USD 999*!Unveil the allure of various regions as you progress through exciting game levels.But wait, there's more! Along your journey, uncover hidden rewards and unlock exclusive bonuses that will supercharge your investing game!Not only will you gain valuable knowledge and insights, but you'll also compete with fellow investors for the top spot on our leaderboard!Invite your friends and embark on this epic investing adventure together! Let's light up the world of investing with Tiger!Don't miss out on this limited-time opportunity!Campaign period: 6th June to 27th June. *T&amp;Cs apply.👉 <a href=\"https://tigr.link/lightupsg\" target=\"_blank\">Click here to start play</a>","listText":"Join our exclusive \"Light up Your Investing\" campaign with Tiger!Participate in our game and win fantastic prizes worth up to USD 999*!Unveil the allure of various regions as you progress through exciting game levels.But wait, there's more! Along your journey, uncover hidden rewards and unlock exclusive bonuses that will supercharge your investing game!Not only will you gain valuable knowledge and insights, but you'll also compete with fellow investors for the top spot on our leaderboard!Invite your friends and embark on this epic investing adventure together! Let's light up the world of investing with Tiger!Don't miss out on this limited-time opportunity!Campaign period: 6th June to 27th June. *T&amp;Cs apply.👉 <a href=\"https://tigr.link/lightupsg\" target=\"_blank\">Click here to start play</a>","text":"Join our exclusive \"Light up Your Investing\" campaign with Tiger!Participate in our game and win fantastic prizes worth up to USD 999*!Unveil the allure of various regions as you progress through exciting game levels.But wait, there's more! Along your journey, uncover hidden rewards and unlock exclusive bonuses that will supercharge your investing game!Not only will you gain valuable knowledge and insights, but you'll also compete with fellow investors for the top spot on our leaderboard!Invite your friends and embark on this epic investing adventure together! Let's light up the world of investing with Tiger!Don't miss out on this limited-time opportunity!Campaign period: 6th June to 27th June. *T&Cs apply.👉 Click here to start play","images":[{"img":"https://community-static.tradeup.com/news/0b6e3d13593eac0f4cc3fdb8b6bf8056","width":"1200","height":"675"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970552986","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":172,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9944112085,"gmtCreate":1681741726547,"gmtModify":1681741730426,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4089292008532580","idStr":"4089292008532580"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9944112085","repostId":"9943960936","repostType":1,"repost":{"id":9943960936,"gmtCreate":1679046534725,"gmtModify":1680580626622,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667667103859","idStr":"3527667667103859"},"themes":[],"title":"【Game】Easter Egg Hunting with Tiger, Win Disney Shares and USD 120 Voucher","htmlText":"🐰🌷 Hop into the Easter spirit and join our \"Tiger's Egg Hunting\" game! 🎉Stand to win free Disney stocks and a USD 120 cash voucher!🎁🌟Our interactive Easter game is open to Tigers, and it's so easy to play! Simply jump and catch the egg, and you could be a lucky winner. 🐇That's not all. You can also invite your friends to join in the fun to earn more points. Plus, you can challenge your friends for a race up the leaderboard. Let's fly to the moon together!Don't miss out on this egg-citing opportunity to win BIG! Join the game now and hop on your way to victory. 🥳🐣<a href=\"https://www.tigerbrokers.com.sg/activity/market/2023/easter/?adcode=20230316162207#/\" target=\"_blank\">Join our Easter campaign now</a>","listText":"🐰🌷 Hop into the Easter spirit and join our \"Tiger's Egg Hunting\" game! 🎉Stand to win free Disney stocks and a USD 120 cash voucher!🎁🌟Our interactive Easter game is open to Tigers, and it's so easy to play! Simply jump and catch the egg, and you could be a lucky winner. 🐇That's not all. You can also invite your friends to join in the fun to earn more points. Plus, you can challenge your friends for a race up the leaderboard. Let's fly to the moon together!Don't miss out on this egg-citing opportunity to win BIG! Join the game now and hop on your way to victory. 🥳🐣<a href=\"https://www.tigerbrokers.com.sg/activity/market/2023/easter/?adcode=20230316162207#/\" target=\"_blank\">Join our Easter campaign now</a>","text":"🐰🌷 Hop into the Easter spirit and join our \"Tiger's Egg Hunting\" game! 🎉Stand to win free Disney stocks and a USD 120 cash voucher!🎁🌟Our interactive Easter game is open to Tigers, and it's so easy to play! Simply jump and catch the egg, and you could be a lucky winner. 🐇That's not all. You can also invite your friends to join in the fun to earn more points. Plus, you can challenge your friends for a race up the leaderboard. Let's fly to the moon together!Don't miss out on this egg-citing opportunity to win BIG! Join the game now and hop on your way to victory. 🥳🐣Join our Easter campaign now","images":[{"img":"https://community-static.tradeup.com/news/c90a7371a3bcd1e6c552d2aa23f72c33","width":"1200","height":"630"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9943960936","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":158,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9054415551,"gmtCreate":1655423010974,"gmtModify":1676535634383,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4089292008532580","idStr":"4089292008532580"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9054415551","repostId":"9022524674","repostType":1,"repost":{"id":9022524674,"gmtCreate":1653552819200,"gmtModify":1676535303082,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667667103859","idStr":"3527667667103859"},"themes":[],"title":"Time Travel with Tiger, Join the Memorabilia Adventure Now!!!","htmlText":"\n \n \n  Happy Birthday to TIGER!!! This year, we have prepared a time machine to go on an adventure with you. Come and find surprising gifts as we stroll down memory lane!There are so many wonderful little stories in our Tiger Quest. Collect as many coins as you can in the game, these will be your basic points of this game. Apart from one mini-game mission for SG/AU/NZ, the games will be open every week, and there are endless treasures waiting for you to discover. Points can be redeemed for multiple rewards, and you can win a share of up to USD 200,000 worth of prizes! Want to win extra points? Check out these mini-games, try them, stay with us and be PAWSITIVE!Remember to collect the cards and spell out \"T.I.G.E.R\" during your journey for a chance to receive the limited edition 8th Anniversary Gi\n \n","listText":"Happy Birthday to TIGER!!! This year, we have prepared a time machine to go on an adventure with you. Come and find surprising gifts as we stroll down memory lane!There are so many wonderful little stories in our Tiger Quest. Collect as many coins as you can in the game, these will be your basic points of this game. Apart from one mini-game mission for SG/AU/NZ, the games will be open every week, and there are endless treasures waiting for you to discover. Points can be redeemed for multiple rewards, and you can win a share of up to USD 200,000 worth of prizes! Want to win extra points? Check out these mini-games, try them, stay with us and be PAWSITIVE!Remember to collect the cards and spell out \"T.I.G.E.R\" during your journey for a chance to receive the limited edition 8th Anniversary Gi","text":"Happy Birthday to TIGER!!! This year, we have prepared a time machine to go on an adventure with you. Come and find surprising gifts as we stroll down memory lane!There are so many wonderful little stories in our Tiger Quest. Collect as many coins as you can in the game, these will be your basic points of this game. Apart from one mini-game mission for SG/AU/NZ, the games will be open every week, and there are endless treasures waiting for you to discover. Points can be redeemed for multiple rewards, and you can win a share of up to USD 200,000 worth of prizes! Want to win extra points? Check out these mini-games, try them, stay with us and be PAWSITIVE!Remember to collect the cards and spell out \"T.I.G.E.R\" during your journey for a chance to receive the limited edition 8th Anniversary Gi","images":[],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9022524674","isVote":1,"tweetType":2,"object":{"id":"97af7069aa6440eab7c85601f72b41b1","tweetId":"9022524674","videoUrl":"https://1254107296.vod2.myqcloud.com/73ba5544vodgzp1254107296/5836ee3f387702302012189230/1IRQdazMc4YA.mp4","poster":"https://community-static.tradeup.com/news/f2462b20b2a9a2483ae56cbb54dcb2a7"},"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":288,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9086264711,"gmtCreate":1650463092599,"gmtModify":1676534729342,"author":{"id":"4089292008532580","authorId":"4089292008532580","name":"KoonLin","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":5,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4089292008532580","idStr":"4089292008532580"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9086264711","repostId":"9016476123","repostType":1,"repost":{"id":9016476123,"gmtCreate":1649229403658,"gmtModify":1676534474180,"author":{"id":"3527667667103859","authorId":"3527667667103859","name":"TigerEvents","avatar":"https://community-static.tradeup.com/news/c266ef25181ace18bec1262357bbe1a8","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667667103859","idStr":"3527667667103859"},"themes":[],"title":"🏆【GAME】Hunting Eggs for Extra Saving!","htmlText":"Tiger has prepared some Easter gifts for you, please&nbsp;<a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/easter/\" target=\"_blank\">click&nbsp;here</a>&nbsp;to check them out!Easter can still be a bonus-boosting. Come and find the eggs in our Easter game to open the surprise! Each game contains 3 rounds, the more eggs you catch, the higher the points you can get. Game points can be redeemed for various rewards, including different value stock vouchers worth up to USD 1,000 are waiting for you! Moreover, catching special eggs can get extra points and chances to crack open for some wonderful Easter treats.There are too many hidden surprises to find, oops, the game attempts run out too fast. Don't worry, complete different tasks to earn more game attempts. Also, invite your frien","listText":"Tiger has prepared some Easter gifts for you, please&nbsp;<a href=\"https://www.tigerbrokers.com.sg/activity/market/2022/easter/\" target=\"_blank\">click&nbsp;here</a>&nbsp;to check them out!Easter can still be a bonus-boosting. Come and find the eggs in our Easter game to open the surprise! Each game contains 3 rounds, the more eggs you catch, the higher the points you can get. Game points can be redeemed for various rewards, including different value stock vouchers worth up to USD 1,000 are waiting for you! Moreover, catching special eggs can get extra points and chances to crack open for some wonderful Easter treats.There are too many hidden surprises to find, oops, the game attempts run out too fast. Don't worry, complete different tasks to earn more game attempts. Also, invite your frien","text":"Tiger has prepared some Easter gifts for you, please click here to check them out!Easter can still be a bonus-boosting. Come and find the eggs in our Easter game to open the surprise! Each game contains 3 rounds, the more eggs you catch, the higher the points you can get. Game points can be redeemed for various rewards, including different value stock vouchers worth up to USD 1,000 are waiting for you! Moreover, catching special eggs can get extra points and chances to crack open for some wonderful Easter treats.There are too many hidden surprises to find, oops, the game attempts run out too fast. Don't worry, complete different tasks to earn more game attempts. Also, invite your frien","images":[{"img":"https://community-static.tradeup.com/news/15b435c0d10e0e89ad3e06b7bbd04830","width":"2251","height":"1334"},{"img":"https://community-static.tradeup.com/news/ff9640a9df2f24446e07b7a9b658cb4b","width":"1200","height":"630"},{"img":"https://community-static.tradeup.com/news/795038848b7c7b1d7dda27d92b580946","width":"1656","height":"948"}],"top":1,"highlighted":1,"essential":2,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9016476123","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":3,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":338,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}