Jean0031 personal page - To The Moon

Jean0031

Jean0031

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2022-07-25

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21:34","market":"us","language":"en","title":"Is Warren Buffett Betting Against Renewable Energy?","url":"https://stock-news.laohu8.com/highlight/detail?id=2254235880","media":"Motley Fool","summary":"Buffett might seem to be unenthusiastic about renewable energy. But there's more to the story.","content":"<html><head></head><body><p>Renewable energy seems like a slam dunk, right? Governments around the world have adopted aggressive goals to reduce carbon emissions. High gas prices have made electric vehicles more attractive to many Americans. Meanwhile, the costs of wind and solar have come down so much that they&#39;re a cheaper alternative for energy production than fossil fuels.</p><p>Despite these trends, Warren Buffett&#39;s recent investing activity could lead one to conclude that he&#39;s not convinced about this supposed slam dunk. Is Buffett betting against renewable energy?</p><h2>Yes to Big Oil</h2><p>There&#39;s no question that Buffett has become a big fan of Big Oil lately. <b>Chevron</b> (CVX -0.83%) now ranks as the fifth-largest holding in <b>Berkshire Hathaway</b>&#39;s (BRK.A -0.31%) (BRK.B -0.32%) portfolio. Buffett didn&#39;t begin building a position in the oil stock until late 2020.</p><p>But the multibillionaire investor seems to be even more smitten with <b>Occidental Petroleum</b> (OXY -1.52%) in recent months. Berkshire went on a buying frenzy in the first quarter, scooping up more than 136 million shares of Occidental. This activity continued into Q2. Berkshire now owns nearly 182 million shares of the oil company -- enough to give it a 19.4% stake.</p><p>These purchases prompted online business magazine Quartz to publish an article earlier this month with the headline, &#34;Warren Buffett&#39;s big bets on oil are betraying the climate.&#34; In the article, Samanth Subramanian wrote that Buffett is &#34;doubling down on fossil fuels when the rest of the world is trying to divest from it.&#34;</p><h2>No to electric vehicles?</h2><p>In Buffett&#39;s most recent letter to Berkshire shareholders, he stated that Berkshire Hathaway Energy (BHE) owned 225 million shares of Chinese electric vehicle (EV) maker <b>BYD</b> (BYDDY -3.01%). This amounts to roughly 7.7% of the company.</p><p>Berkshire Hathaway vice-chairman Charlie Munger first recommended BYD back in 2008. Buffett agreed with the pick. And it&#39;s been a huge winner for Berkshire through the years.</p><p>However, on July 11, 2022, a major sell transaction for BYD was registered on Hong Kong&#39;s Clearing and Settlement System. The number of shares being sold was... 225 million. This understandably led to widespread speculation that Berkshire was exiting its position in BYD.</p><p>It&#39;s still not clear if Buffett is actually selling Berkshire&#39;s big stake in BYD. No regulatory filing of the transaction has been filed. Some analysts think Berkshire could be lending its shares to short-sellers. Others, though, believe that a full exit is on the way.</p><h2>Drilling down</h2><p>So is Buffett really betting against renewable energy? I don&#39;t think so. Drilling down into the details explains why.</p><p>Buffett&#39;s record shows that his involvement with oil stocks is often temporary. For example, in 2020, Berkshire sold all of its previous stake in Occidental. Buffett doesn&#39;t seem to view Oxy, Chevron, or any other oil and gas company as a &#34;forever&#34; stock. He&#39;s simply riding the current wave driven by increased fuel prices to boost Berkshire&#39;s returns.</p><p>Even if Berkshire sells its stake in BYD, the company still has a significant position in another big electric vehicle maker -- <b>General Motors</b> (GM -1.31%). Many investors overlook GM as an EV stock. However, the company ranked third in U.S. EV sales last year and is spending heavily to become an even bigger player in the market.</p><p>More importantly, Buffett referred to BHE as one of Berkshire&#39;s &#34;four giants&#34; in his latest letter to shareholders. He noted that BHE is now &#34;a leading force in wind, solar and transmission&#34; and &#34;has long been making climate-conscious moves that soak up all of its earnings.&#34; The reality is that Buffett is betting <i>on</i> renewable energy rather than against it.</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>Is Warren Buffett Betting Against Renewable Energy?</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\">\nIs Warren Buffett Betting Against Renewable Energy?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-25 21:34 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/07/25/is-warren-buffett-betting-against-renewable-energy/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Renewable energy seems like a slam dunk, right? Governments around the world have adopted aggressive goals to reduce carbon emissions. High gas prices have made electric vehicles more attractive to ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/07/25/is-warren-buffett-betting-against-renewable-energy/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OXY":"西方石油","BRK.B":"伯克希尔B","BRK.A":"伯克希尔"},"source_url":"https://www.fool.com/investing/2022/07/25/is-warren-buffett-betting-against-renewable-energy/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2254235880","content_text":"Renewable energy seems like a slam dunk, right? Governments around the world have adopted aggressive goals to reduce carbon emissions. High gas prices have made electric vehicles more attractive to many Americans. Meanwhile, the costs of wind and solar have come down so much that they're a cheaper alternative for energy production than fossil fuels.Despite these trends, Warren Buffett's recent investing activity could lead one to conclude that he's not convinced about this supposed slam dunk. Is Buffett betting against renewable energy?Yes to Big OilThere's no question that Buffett has become a big fan of Big Oil lately. Chevron (CVX -0.83%) now ranks as the fifth-largest holding in Berkshire Hathaway's (BRK.A -0.31%) (BRK.B -0.32%) portfolio. Buffett didn't begin building a position in the oil stock until late 2020.But the multibillionaire investor seems to be even more smitten with Occidental Petroleum (OXY -1.52%) in recent months. Berkshire went on a buying frenzy in the first quarter, scooping up more than 136 million shares of Occidental. This activity continued into Q2. Berkshire now owns nearly 182 million shares of the oil company -- enough to give it a 19.4% stake.These purchases prompted online business magazine Quartz to publish an article earlier this month with the headline, \"Warren Buffett's big bets on oil are betraying the climate.\" In the article, Samanth Subramanian wrote that Buffett is \"doubling down on fossil fuels when the rest of the world is trying to divest from it.\"No to electric vehicles?In Buffett's most recent letter to Berkshire shareholders, he stated that Berkshire Hathaway Energy (BHE) owned 225 million shares of Chinese electric vehicle (EV) maker BYD (BYDDY -3.01%). This amounts to roughly 7.7% of the company.Berkshire Hathaway vice-chairman Charlie Munger first recommended BYD back in 2008. Buffett agreed with the pick. And it's been a huge winner for Berkshire through the years.However, on July 11, 2022, a major sell transaction for BYD was registered on Hong Kong's Clearing and Settlement System. The number of shares being sold was... 225 million. This understandably led to widespread speculation that Berkshire was exiting its position in BYD.It's still not clear if Buffett is actually selling Berkshire's big stake in BYD. No regulatory filing of the transaction has been filed. Some analysts think Berkshire could be lending its shares to short-sellers. Others, though, believe that a full exit is on the way.Drilling downSo is Buffett really betting against renewable energy? I don't think so. Drilling down into the details explains why.Buffett's record shows that his involvement with oil stocks is often temporary. For example, in 2020, Berkshire sold all of its previous stake in Occidental. Buffett doesn't seem to view Oxy, Chevron, or any other oil and gas company as a \"forever\" stock. He's simply riding the current wave driven by increased fuel prices to boost Berkshire's returns.Even if Berkshire sells its stake in BYD, the company still has a significant position in another big electric vehicle maker -- General Motors (GM -1.31%). Many investors overlook GM as an EV stock. However, the company ranked third in U.S. EV sales last year and is spending heavily to become an even bigger player in the market.More importantly, Buffett referred to BHE as one of Berkshire's \"four giants\" in his latest letter to shareholders. He noted that BHE is now \"a leading force in wind, solar and transmission\" and \"has long been making climate-conscious moves that soak up all of its earnings.\" The reality is that Buffett is betting on renewable energy rather than against it.","news_type":1},"isVote":1,"tweetType":1,"viewCount":199,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"4113904591642392","authorId":"4113904591642392","name":"LMSunshine","avatar":"https://community-static.tradeup.com/news/0ad636f2490d8428fcee9da6d669e46c","crmLevel":1,"crmLevelSwitch":0,"idStr":"4113904591642392","authorIdStr":"4113904591642392"},"content":"Are you new to Tiger? If yes,🥳welcome to the Tiger Community.I can’t follow more people as my app keeps crashing.If you follow me,I can check your homepage regularly & help to like your post too!","text":"Are you new to Tiger? If yes,🥳welcome to the Tiger Community.I can’t follow more people as my app keeps crashing.If you follow me,I can check your homepage regularly & help to like your post too!","html":"Are you new to Tiger? If yes,🥳welcome to the Tiger Community.I can’t follow more people as my app keeps crashing.If you follow me,I can check your homepage regularly & help to like your post too!"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9906209117,"gmtCreate":1659542171241,"gmtModify":1705981433165,"author":{"id":"4118716590079382","authorId":"4118716590079382","name":"Jean0031","avatar":"https://community-static.tradeup.com/news/28f213a3cbe3bebc3ed79d122de1f59c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4118716590079382","authorIdStr":"4118716590079382"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9906209117","repostId":"2256956201","repostType":4,"repost":{"id":"2256956201","pubTimestamp":1659541401,"share":"https://ttm.financial/m/news/2256956201?lang=&edition=fundamental","pubTime":"2022-08-03 23:43","market":"us","language":"en","title":"3 Nasdaq 100 Stocks to Buy Hand Over Fist in August","url":"https://stock-news.laohu8.com/highlight/detail?id=2256956201","media":"Motley Fool","summary":"The growth-centric Nasdaq 100 is home to three widely owned stocks that are cheaper than they've ever been.","content":"<html><head></head><body><p>There&#39;s no sugarcoating it: Wall Street has had a miserable year. Since hitting a record-closing high during the first week of January, the widely followed <b>S&amp;P 500</b> has lost as much as 24% of its value and tumbled into bear market territory.</p><p>But it&#39;s been an even tougher go for growth-dependent stock indexes, such as the <b>Nasdaq Composite</b> and <b>Nasdaq 100</b>. The latter is comprised of the 100 largest nonfinancial stocks listed on the <b>Nasdaq</b> exchange. Since hitting their all-time highs, both the Nasdaq Composite and Nasdaq 100 have shed close to a third of their value at their peak.</p><p>But there&#39;s another side to this story. While bear market declines can be scary, they&#39;re also the ideal time for long-term investors to do some shopping. This is especially true for growth stocks, which have taken it on the chin during the 2022 swoon in equities. The Nasdaq 100 is currently housing three bargain growth stocks that can confidently be bought hand over fist in August.</p><h2>Amazon</h2><p>The first Nasdaq 100 stock that proved, once again, it belongs in investors&#39; portfolios and can be bought hand over fist in August is e-commerce stock <b>Amazon</b> (AMZN).</p><p>In each of the past two quarters, U.S. gross domestic product (GDP) retraced. This comes atop persistent supply chain issues caused by the COVID-19 pandemic, as well as historically high inflation, which hit a four-decade high of 9.1% in June. In other words, Wall Street and investors fully expected Amazon to face-plant when it reported its second-quarter operating results. While there were a number of one-time charges that weighed on the company&#39;s bottom line, the fact remains that its high-margin operating segments and long-term growth trajectory remain unfazed by near-term economic weakness.</p><p>The interesting thing about Amazon is that its most well-known operating segment may prove to be its least important over the long run. On the one hand, Amazon&#39;s online marketplace is expected to account for 39.5% of U.S. online retail sales in 2022. That&#39;s more than its next-closest 14 competitors added together. On the other hand, retail is a low-margin segment.</p><p>What&#39;s far more important for Amazon is how its marketplace has helped funnel business into its higher-margin segments. For instance, the company&#39;s leading marketplace helped it sign up more than 200 million Prime members. The tens of billions of dollars collected in annual Prime fees allow Amazon to invest in its rapidly growing logistics network and redirect capital to high-margin initiatives.</p><p>Arguably the highest-margin initiative for the company is Amazon Web Services (AWS). According to a report from Canalys, AWS accounted for 33% of global cloud infrastructure spending in the first quarter. AWS managed 33% year-over-year sales growth in the challenged second quarter and has consistently provided the lion&#39;s share of Amazon&#39;s operating income despite accounting for around 15% to 16% of net sales.</p><p>The final reason to pile into Amazon is its valuation. After more than a decade of investors willingly paying 20 or more times year-end cash flow, investors can buy Amazon right now for a little over nine times Wall Street&#39;s forecast cash flow in 2025.</p><h2>PayPal Holdings</h2><p>The second Nasdaq 100 stock that&#39;s begging to be bought in August is fintech giant <b>PayPal Holdings</b> (PYPL). PayPal is the parent of popular peer-to-peer payment app Venmo.</p><p>The prevailing concern for digital payment companies over the past couple of quarters is that inflation would adversely impact their operating performance. Rising prices disproportionately impact lower-earning deciles, which has the potential to result in reduced usage on digital payment platforms. Although PayPal has, indeed, sounded a cautious tone over the short run, the theme of this list is that its long-term growth strategy remains well intact.</p><p>For instance, PayPal managed to deliver 15% constant-currency growth in total payment volume on its platform during Q1 (note, this write-up was done prior to PayPal reporting Q2 results on Aug. 2, 2022). Not only does this demonstrate that consumer spending is stronger than some folks realize, but it suggests that digital payments are still in their infancy and capable of sustained, double-digit growth for a long time to come.</p><p>What&#39;s more, engagement across PayPal&#39;s digital platforms has been steadily climbing. At the end of 2020, active users were completing an average of 40.9 transactions over the trailing-12-month period. But as of the end of Q1 2022, the average active user was undertaking 47 transactions over the trailing-12-month period.  If this figure keeps rising, it suggests PayPal should have no trouble extracting increasingly larger profits out of its growing active users.</p><p>PayPal also expects to be a sizable player in the buy now, pay later (BNPL) space. While most BNPL businesses are likely to see delinquencies rise as the U.S. and global economy worsens in the coming quarters, the future for financed digital purchases appears bright. It&#39;s why PayPal ponied up $2.7 billion to acquire BNPL provider Paidy in Japan in 2021.</p><p>Over the past five years, PayPal has averaged a forward-year price-to-earnings (P/E) ratio of 38.1. Investors can scoop up shares right now for less than half that amount (18.3 times forward-year earnings).</p><h2>Alphabet</h2><p>The third Nasdaq 100 stock to buy hand over fist in August is none other than FAANG stock <b>Alphabet</b> (GOOGL) (GOOG). Alphabet is the parent company of widely used internet search engine Google and streaming platform YouTube.</p><p>Any skepticism toward Alphabet effectively echoes what&#39;s already been said about Amazon and PayPal. With the U.S. in what some might consider to be a &#34;recession&#34; after two consecutive quarterly GDP declines, there&#39;s the belief that ad revenue will take a sizable hit. Since Alphabet generates the bulk of its sales from ads, there&#39;s a possibility it could see sales and profits decline as the U.S. and global economy weaken. But this only tells a small sliver of the company&#39;s growth story.</p><p>To begin with, Google might as well be considered a monopoly in the internet search space. For the past two years (through June 2022), it&#39;s controlled up to a 93% global share of internet search.  With the next-closest competitor 88 percentage points in the rearview mirror, it&#39;s no wonder the company is able to command such excellent pricing power on its ads. Save for the initial stages of the pandemic that led to lockdowns, Google has consistently grown by a double-digit percentage for more than two decades.</p><p>But just like Amazon, it&#39;s not Alphabet&#39;s foundation that is its most exciting segment. Rather, it&#39;s the numerous revenue offshoots that offer superior growth potential throughout the decade.</p><p>For instance, YouTube has become one of the most visited social media sites on the planet, with 2.56 billion monthly active users. Based on Alphabet&#39;s Q2 results, YouTube is generating an annual run rate of more than $29 billion in ad revenue (not including subscriptions).</p><p>There&#39;s also Google Cloud, which is Alphabet&#39;s cloud infrastructure service segment. It was the global No. 3 in cloud spending during Q1, with 8% market share, per Canalys. Even though Google Cloud is weighing on Alphabet&#39;s bottom line for the moment, the high margins typically associated with cloud services should help it become a positive driver of operating cash flow sooner than later.</p><p>At no point in Alphabet&#39;s storied history has it ever been this inexpensive relative to Wall Street&#39;s forward-year earnings forecast or cash flow projections. That makes Alphabet perhaps the smartest buy on this list and within the Nasdaq 100 right now.</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>3 Nasdaq 100 Stocks to Buy Hand Over Fist in August</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\">\n3 Nasdaq 100 Stocks to Buy Hand Over Fist in August\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-03 23:43 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/08/03/3-nasdaq-100-stocks-buy-hand-over-fist-in-august/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>There's no sugarcoating it: Wall Street has had a miserable year. Since hitting a record-closing high during the first week of January, the widely followed S&P 500 has lost as much as 24% of its value...</p>\n\n<a href=\"https://www.fool.com/investing/2022/08/03/3-nasdaq-100-stocks-buy-hand-over-fist-in-august/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","GOOG":"谷歌","PYPL":"PayPal"},"source_url":"https://www.fool.com/investing/2022/08/03/3-nasdaq-100-stocks-buy-hand-over-fist-in-august/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2256956201","content_text":"There's no sugarcoating it: Wall Street has had a miserable year. Since hitting a record-closing high during the first week of January, the widely followed S&P 500 has lost as much as 24% of its value and tumbled into bear market territory.But it's been an even tougher go for growth-dependent stock indexes, such as the Nasdaq Composite and Nasdaq 100. The latter is comprised of the 100 largest nonfinancial stocks listed on the Nasdaq exchange. Since hitting their all-time highs, both the Nasdaq Composite and Nasdaq 100 have shed close to a third of their value at their peak.But there's another side to this story. While bear market declines can be scary, they're also the ideal time for long-term investors to do some shopping. This is especially true for growth stocks, which have taken it on the chin during the 2022 swoon in equities. The Nasdaq 100 is currently housing three bargain growth stocks that can confidently be bought hand over fist in August.AmazonThe first Nasdaq 100 stock that proved, once again, it belongs in investors' portfolios and can be bought hand over fist in August is e-commerce stock Amazon (AMZN).In each of the past two quarters, U.S. gross domestic product (GDP) retraced. This comes atop persistent supply chain issues caused by the COVID-19 pandemic, as well as historically high inflation, which hit a four-decade high of 9.1% in June. In other words, Wall Street and investors fully expected Amazon to face-plant when it reported its second-quarter operating results. While there were a number of one-time charges that weighed on the company's bottom line, the fact remains that its high-margin operating segments and long-term growth trajectory remain unfazed by near-term economic weakness.The interesting thing about Amazon is that its most well-known operating segment may prove to be its least important over the long run. On the one hand, Amazon's online marketplace is expected to account for 39.5% of U.S. online retail sales in 2022. That's more than its next-closest 14 competitors added together. On the other hand, retail is a low-margin segment.What's far more important for Amazon is how its marketplace has helped funnel business into its higher-margin segments. For instance, the company's leading marketplace helped it sign up more than 200 million Prime members. The tens of billions of dollars collected in annual Prime fees allow Amazon to invest in its rapidly growing logistics network and redirect capital to high-margin initiatives.Arguably the highest-margin initiative for the company is Amazon Web Services (AWS). According to a report from Canalys, AWS accounted for 33% of global cloud infrastructure spending in the first quarter. AWS managed 33% year-over-year sales growth in the challenged second quarter and has consistently provided the lion's share of Amazon's operating income despite accounting for around 15% to 16% of net sales.The final reason to pile into Amazon is its valuation. After more than a decade of investors willingly paying 20 or more times year-end cash flow, investors can buy Amazon right now for a little over nine times Wall Street's forecast cash flow in 2025.PayPal HoldingsThe second Nasdaq 100 stock that's begging to be bought in August is fintech giant PayPal Holdings (PYPL). PayPal is the parent of popular peer-to-peer payment app Venmo.The prevailing concern for digital payment companies over the past couple of quarters is that inflation would adversely impact their operating performance. Rising prices disproportionately impact lower-earning deciles, which has the potential to result in reduced usage on digital payment platforms. Although PayPal has, indeed, sounded a cautious tone over the short run, the theme of this list is that its long-term growth strategy remains well intact.For instance, PayPal managed to deliver 15% constant-currency growth in total payment volume on its platform during Q1 (note, this write-up was done prior to PayPal reporting Q2 results on Aug. 2, 2022). Not only does this demonstrate that consumer spending is stronger than some folks realize, but it suggests that digital payments are still in their infancy and capable of sustained, double-digit growth for a long time to come.What's more, engagement across PayPal's digital platforms has been steadily climbing. At the end of 2020, active users were completing an average of 40.9 transactions over the trailing-12-month period. But as of the end of Q1 2022, the average active user was undertaking 47 transactions over the trailing-12-month period.  If this figure keeps rising, it suggests PayPal should have no trouble extracting increasingly larger profits out of its growing active users.PayPal also expects to be a sizable player in the buy now, pay later (BNPL) space. While most BNPL businesses are likely to see delinquencies rise as the U.S. and global economy worsens in the coming quarters, the future for financed digital purchases appears bright. It's why PayPal ponied up $2.7 billion to acquire BNPL provider Paidy in Japan in 2021.Over the past five years, PayPal has averaged a forward-year price-to-earnings (P/E) ratio of 38.1. Investors can scoop up shares right now for less than half that amount (18.3 times forward-year earnings).AlphabetThe third Nasdaq 100 stock to buy hand over fist in August is none other than FAANG stock Alphabet (GOOGL) (GOOG). Alphabet is the parent company of widely used internet search engine Google and streaming platform YouTube.Any skepticism toward Alphabet effectively echoes what's already been said about Amazon and PayPal. With the U.S. in what some might consider to be a \"recession\" after two consecutive quarterly GDP declines, there's the belief that ad revenue will take a sizable hit. Since Alphabet generates the bulk of its sales from ads, there's a possibility it could see sales and profits decline as the U.S. and global economy weaken. But this only tells a small sliver of the company's growth story.To begin with, Google might as well be considered a monopoly in the internet search space. For the past two years (through June 2022), it's controlled up to a 93% global share of internet search.  With the next-closest competitor 88 percentage points in the rearview mirror, it's no wonder the company is able to command such excellent pricing power on its ads. Save for the initial stages of the pandemic that led to lockdowns, Google has consistently grown by a double-digit percentage for more than two decades.But just like Amazon, it's not Alphabet's foundation that is its most exciting segment. Rather, it's the numerous revenue offshoots that offer superior growth potential throughout the decade.For instance, YouTube has become one of the most visited social media sites on the planet, with 2.56 billion monthly active users. Based on Alphabet's Q2 results, YouTube is generating an annual run rate of more than $29 billion in ad revenue (not including subscriptions).There's also Google Cloud, which is Alphabet's cloud infrastructure service segment. It was the global No. 3 in cloud spending during Q1, with 8% market share, per Canalys. Even though Google Cloud is weighing on Alphabet's bottom line for the moment, the high margins typically associated with cloud services should help it become a positive driver of operating cash flow sooner than later.At no point in Alphabet's storied history has it ever been this inexpensive relative to Wall Street's forward-year earnings forecast or cash flow projections. That makes Alphabet perhaps the smartest buy on this list and within the Nasdaq 100 right now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":168,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9071599555,"gmtCreate":1657550117577,"gmtModify":1676536023816,"author":{"id":"4118716590079382","authorId":"4118716590079382","name":"Jean0031","avatar":"https://community-static.tradeup.com/news/28f213a3cbe3bebc3ed79d122de1f59c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4118716590079382","authorIdStr":"4118716590079382"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9071599555","repostId":"1121793120","repostType":4,"repost":{"id":"1121793120","pubTimestamp":1657549373,"share":"https://ttm.financial/m/news/1121793120?lang=&edition=fundamental","pubTime":"2022-07-11 22:22","market":"us","language":"en","title":"Kansas City Fed's George Warns Abrupt Rate Changes Could Strain Economy","url":"https://stock-news.laohu8.com/highlight/detail?id=1121793120","media":"Reuters","summary":"Faster than expected changes to the federal funds rate could stress the economy and financial market","content":"<html><head></head><body><p>Faster than expected changes to the federal funds rate could stress the economy and financial markets, with steady and well-communicated increases preferable in the current uncertain environment, Kansas City Fed president Esther George said on Monday.</p><p>&#34;This is already a historically swift pace of rate increases for households and businesses to adapt to, and more abrupt changes in interest rates could create strains, either in the economy or financial markets,&#34; said George, who dissented against the Fed&#39;s larger than anticipated three-quarter point rate increase in June.</p><p>&#34;I find it remarkable that just four months after beginning to raise rates, there is growing discussion of recession risk, and some forecasts are predicting interest rate cuts as soon as next year. Such projections suggest to me that a rapid pace of rate increases brings about the risk of tightening policy more quickly than the economy and markets can adjust.&#34;</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Kansas City Fed's George Warns Abrupt Rate Changes Could Strain Economy</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\">\nKansas City Fed's George Warns Abrupt Rate Changes Could Strain Economy\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-11 22:22 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/kansas-city-feds-george-warns-141140246.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Faster than expected changes to the federal funds rate could stress the economy and financial markets, with steady and well-communicated increases preferable in the current uncertain environment, ...</p>\n\n<a href=\"https://finance.yahoo.com/news/kansas-city-feds-george-warns-141140246.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://finance.yahoo.com/news/kansas-city-feds-george-warns-141140246.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121793120","content_text":"Faster than expected changes to the federal funds rate could stress the economy and financial markets, with steady and well-communicated increases preferable in the current uncertain environment, Kansas City Fed president Esther George said on Monday.\"This is already a historically swift pace of rate increases for households and businesses to adapt to, and more abrupt changes in interest rates could create strains, either in the economy or financial markets,\" said George, who dissented against the Fed's larger than anticipated three-quarter point rate increase in June.\"I find it remarkable that just four months after beginning to raise rates, there is growing discussion of recession risk, and some forecasts are predicting interest rate cuts as soon as next year. Such projections suggest to me that a rapid pace of rate increases brings about the risk of tightening policy more quickly than the economy and markets can adjust.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":98,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9964668704,"gmtCreate":1670134700308,"gmtModify":1676538308854,"author":{"id":"4118716590079382","authorId":"4118716590079382","name":"Jean0031","avatar":"https://community-static.tradeup.com/news/28f213a3cbe3bebc3ed79d122de1f59c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4118716590079382","authorIdStr":"4118716590079382"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AMC\">$AMC Entertainment(AMC)$&nbsp;</a><v-v data-views=\"1\"></v-v>Like","listText":"<a href=\"https://ttm.financial/S/AMC\">$AMC Entertainment(AMC)$&nbsp;</a><v-v data-views=\"1\"></v-v>Like","text":"$AMC Entertainment(AMC)$ Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9964668704","isVote":1,"tweetType":1,"viewCount":89,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9909883097,"gmtCreate":1658846974320,"gmtModify":1676536216684,"author":{"id":"4118716590079382","authorId":"4118716590079382","name":"Jean0031","avatar":"https://community-static.tradeup.com/news/28f213a3cbe3bebc3ed79d122de1f59c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4118716590079382","authorIdStr":"4118716590079382"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/9909883097","repostId":"1146864651","repostType":4,"repost":{"id":"1146864651","pubTimestamp":1658844772,"share":"https://ttm.financial/m/news/1146864651?lang=&edition=fundamental","pubTime":"2022-07-26 22:12","market":"us","language":"en","title":"Booming ETFs That Worry Wall Street Watchdogs Rake In Billions","url":"https://stock-news.laohu8.com/highlight/detail?id=1146864651","media":"Bloomberg","summary":"ETFs that could be deemed “complex” by regulators are growingAllocators navigate rout in everything from rates to stocksTraders are splurging billions of dollars on “complex” ETFs to ride out the crus","content":"<html><head></head><body><ul><li>ETFs that could be deemed “complex” by regulators are growing</li><li>Allocators navigate rout in everything from rates to stocks</li></ul><p>Traders are splurging billions of dollars on “complex” ETFs to ride out the crushing bear market across assets -- just as Wall Street watchdogs threaten intrusive measures to limit retail participation.</p><p>Issuers including ProShares Advisors LLC, Direxion and Innovator ETFs have been flooded with nearly $24 billion of inflows this year into these typically derivatives-powered exchange-traded funds. Investors are navigating the crash in everything from stocks and crypto to fixed income by using the ETFs to bet on more pain or to nab outsize returns during market rebounds.</p><p>The bulk of the trading instruments likely fall under the “complex” banner, an ever-expanding category that includes leveraged and inverse vehicles and -- if regulators get their way -- potentially digital tokens and so-called defined-outcome trades.</p><p>The products are a growing corner of the almost $6.4 trillion industry, defying words of caution issued by the US Securities and Exchange Commission and others.</p><p>“We have this bizarre situation where products have launched and then the SEC staff is saying not to use them,” said Dave Nadig, an ETF expert at data provider and research consultants VettaFi.</p><p>Innovator ETFs, which manages defined-outcome trades that hedge market exposures, is fresh off its first-ever billion-dollar quarter of inflows. A ProShares fund that tracks three-times the inverse performance of the Nasdaq 100 got a record one-day inflow of $460 million last week. Assets in US leveraged and inverse trading ETPs have climbed around 8% from the end of June to $72 billion, according to Bloomberg Intelligence data.</p><p>Meanwhile, the firstsingle-stock ETFslaunched in the US this month, with more than 80 such filings sitting in the SEC’s queue.</p><p>The Financial Industry Regulatory Authority called for comments in April on whether more measures should be introduced to raise the barriers to entry for complex products. After receiving a record12,000, the agency is evaluating whether any rule changes are warranted, said a spokesperson in an email to Bloomberg News.</p><p><img src=\"https://static.tigerbbs.com/29dcf7600f1bcf7b7ffa044d339f38cf\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>In an industry defined by rock-bottom fees, it’s inevitable that issuers will attempt to meet that demand with “hyper-narrow, heavily structured products” that command higher expense ratios, according to Nadig. “There’s very little green field left to build straight-forward and low-cost products, so the only things left are more complex products.”</p><p>That’s the case behind the first US single-equity ETFs. AXS Investments launched eight such funds last week with expense ratios of 1.15%, within days of SEC Chair Gary Gensler saying such products “present particular risk” in a press call. Gensler’s warning followed acallfrom Commissioner Caroline Crenshaw for the agency to adopt new rules.</p><p>Yet single-stock funds have been able to list in part thanks to rule changes in 2019 and 2020 that allow leveraged and inverse ETFs to launch without first getting the SEC’s approval. That’s led to the current dynamic where regulators are “simultaneously dissing and approving” these ETFs, Nadig said.</p><p>“Complex doesn’t mean more risky, you just have to understand what it is,” Nadig said. “For example,DBMFand PFIX absolutely are complex, but the right tools for the market we’re in right now.”</p><p>The $440 million iM DBi Managed Futures Strategy ETF (ticker DBMF), which holds futures contracts across commodities and equities, has returned 24% this year thanks to the one-way inflation momentum trade. The $292 million Simplify Interest Rate Hedge ETF (PFIX), which uses options to ride floating interest rates, has gained about 44% in 2022.</p><p><img src=\"https://static.tigerbbs.com/b5ffa4c7317d5b521d77fb3bc5da1deb\" tg-width=\"930\" tg-height=\"523\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p>While the S&amp;P 500 has entered bear-market territory, the $175 million Innovator Equity Power Buffer ETF-August (PAUG), which seeks to buffer against the first 15% of losses in the SPDR S&amp;P 500 ETF Trust (SPY) over its 12-month outcome period, has outperformed the fund by 8% since last July.</p><p>“Even though our growth is very good and very strong, it could have been much faster and much better if they had not put this label of complex product on our funds,” said Bruce Bond, chief executive officer at Innovator. “They’ve made it difficult for us to get in established brokerage distribution.”</p><p>Derivatives-heavy products labeled as “complex” by some regulators aren’t necessarily risky, according to Deborah Fuhr, co-founder of ETFGI. But curbing access to certain speculative funds may be no bad thing. She is hoping Finra will clarify things soon enough.</p><p>“Many people feel that there are a large number of investors who don’t understand how many leveraged and inverse products work,” she said.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Booming ETFs That Worry Wall Street Watchdogs Rake In Billions</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\">\nBooming ETFs That Worry Wall Street Watchdogs Rake In Billions\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-26 22:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-07-25/booming-etfs-that-worry-wall-street-watchdogs-rake-in-billions><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>ETFs that could be deemed “complex” by regulators are growingAllocators navigate rout in everything from rates to stocksTraders are splurging billions of dollars on “complex” ETFs to ride out the ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-07-25/booming-etfs-that-worry-wall-street-watchdogs-rake-in-billions\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF","PAUG":"Innovator U.S. Equity Power Buffer ETF - August","DBMF":"iMGP DBi Managed Futures Strategy ETF"},"source_url":"https://www.bloomberg.com/news/articles/2022-07-25/booming-etfs-that-worry-wall-street-watchdogs-rake-in-billions","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146864651","content_text":"ETFs that could be deemed “complex” by regulators are growingAllocators navigate rout in everything from rates to stocksTraders are splurging billions of dollars on “complex” ETFs to ride out the crushing bear market across assets -- just as Wall Street watchdogs threaten intrusive measures to limit retail participation.Issuers including ProShares Advisors LLC, Direxion and Innovator ETFs have been flooded with nearly $24 billion of inflows this year into these typically derivatives-powered exchange-traded funds. Investors are navigating the crash in everything from stocks and crypto to fixed income by using the ETFs to bet on more pain or to nab outsize returns during market rebounds.The bulk of the trading instruments likely fall under the “complex” banner, an ever-expanding category that includes leveraged and inverse vehicles and -- if regulators get their way -- potentially digital tokens and so-called defined-outcome trades.The products are a growing corner of the almost $6.4 trillion industry, defying words of caution issued by the US Securities and Exchange Commission and others.“We have this bizarre situation where products have launched and then the SEC staff is saying not to use them,” said Dave Nadig, an ETF expert at data provider and research consultants VettaFi.Innovator ETFs, which manages defined-outcome trades that hedge market exposures, is fresh off its first-ever billion-dollar quarter of inflows. A ProShares fund that tracks three-times the inverse performance of the Nasdaq 100 got a record one-day inflow of $460 million last week. Assets in US leveraged and inverse trading ETPs have climbed around 8% from the end of June to $72 billion, according to Bloomberg Intelligence data.Meanwhile, the firstsingle-stock ETFslaunched in the US this month, with more than 80 such filings sitting in the SEC’s queue.The Financial Industry Regulatory Authority called for comments in April on whether more measures should be introduced to raise the barriers to entry for complex products. After receiving a record12,000, the agency is evaluating whether any rule changes are warranted, said a spokesperson in an email to Bloomberg News.In an industry defined by rock-bottom fees, it’s inevitable that issuers will attempt to meet that demand with “hyper-narrow, heavily structured products” that command higher expense ratios, according to Nadig. “There’s very little green field left to build straight-forward and low-cost products, so the only things left are more complex products.”That’s the case behind the first US single-equity ETFs. AXS Investments launched eight such funds last week with expense ratios of 1.15%, within days of SEC Chair Gary Gensler saying such products “present particular risk” in a press call. Gensler’s warning followed acallfrom Commissioner Caroline Crenshaw for the agency to adopt new rules.Yet single-stock funds have been able to list in part thanks to rule changes in 2019 and 2020 that allow leveraged and inverse ETFs to launch without first getting the SEC’s approval. That’s led to the current dynamic where regulators are “simultaneously dissing and approving” these ETFs, Nadig said.“Complex doesn’t mean more risky, you just have to understand what it is,” Nadig said. “For example,DBMFand PFIX absolutely are complex, but the right tools for the market we’re in right now.”The $440 million iM DBi Managed Futures Strategy ETF (ticker DBMF), which holds futures contracts across commodities and equities, has returned 24% this year thanks to the one-way inflation momentum trade. The $292 million Simplify Interest Rate Hedge ETF (PFIX), which uses options to ride floating interest rates, has gained about 44% in 2022.While the S&P 500 has entered bear-market territory, the $175 million Innovator Equity Power Buffer ETF-August (PAUG), which seeks to buffer against the first 15% of losses in the SPDR S&P 500 ETF Trust (SPY) over its 12-month outcome period, has outperformed the fund by 8% since last July.“Even though our growth is very good and very strong, it could have been much faster and much better if they had not put this label of complex product on our funds,” said Bruce Bond, chief executive officer at Innovator. “They’ve made it difficult for us to get in established brokerage distribution.”Derivatives-heavy products labeled as “complex” by some regulators aren’t necessarily risky, according to Deborah Fuhr, co-founder of ETFGI. But curbing access to certain speculative funds may be no bad thing. She is hoping Finra will clarify things soon enough.“Many people feel that there are a large number of investors who don’t understand how many leveraged and inverse products work,” she said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":97,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9079500088,"gmtCreate":1657210265044,"gmtModify":1676535970361,"author":{"id":"4118716590079382","authorId":"4118716590079382","name":"Jean0031","avatar":"https://community-static.tradeup.com/news/28f213a3cbe3bebc3ed79d122de1f59c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4118716590079382","authorIdStr":"4118716590079382"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9079500088","repostId":"2249546463","repostType":4,"repost":{"id":"2249546463","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1657149693,"share":"https://ttm.financial/m/news/2249546463?lang=&edition=fundamental","pubTime":"2022-07-07 07:21","market":"us","language":"en","title":"Why a Rally in Growth Stocks Could Signal \"Peak\" Fed Hawkishness Has Passed","url":"https://stock-news.laohu8.com/highlight/detail?id=2249546463","media":"Dow Jones","summary":"If tech can sustain outperformance that will mean the market thinks the Fed has passed 'peak hawkish","content":"<html><head></head><body><p>If tech can sustain outperformance that will mean the market thinks the Fed has passed &#39;peak hawkishness,&#39; according to Sevens Report</p><p>Growth stocks have outperformed value equities recently as investors begin to question if the Federal Reserve has passed peak hawkishness already with its plans to raise rates to combat high inflation.</p><p>Recent bets on fed-funds futures have pointed toward a potential pivot back to rate cuts at some point next year, while 10-year yields on U.S. government debt have fallen below 3%. Corporate bond spreads have widened as recession worries bubble up. But thedecline in Treasury yields appears to be giving a lift to technology and other growth stocks over value-oriented equities.</p><p>&#34;While it&#39;s too early to declare the value outperformance &#39;over,&#39; we do think the outperformance of tech recently is notable, because if it continues that will be a strong signal that the market is now looking past future rates hikes towards eventual rate cuts in 2023,&#34; said Tom Essaye, founder of Sevens Report Research, in a note Wednesday. &#34;If tech can mount sustained outperformance that will tell us the market thinks the Fed has passed &#39;peak hawkishness.&#39;&#34;</p><p>Long-term Treasury yields have been falling recently because investors are worried that the U.S. economy is slowing and &#34;a recession is a distinct possibility,&#34; said Tom Graff, head of investments at Facet Wealth, by phone.</p><p>The yield on the 10-year Treasury note jumped as high as about 3.482% in June, before falling Tuesday to 2.808%--the lowest since May 27 based on 3 p.m. Eastern Time levels, according to Dow Jones Market Data. That compares with a yield of about 1.5% at the end of 2021, when investors were anticipating that the Fed was gearing up to hike its benchmark rate to curb hot inflation.</p><p>The Fed raised its benchmark rate in March for the first time since 2018, lifting it a quarter percentage point from near zero while laying out plans for further increases as inflation was running at the hottest pace in 40 years. Since then, the central bank has become more hawkish, announcing larger rate hikes as the cost of living has remained stubbornly high.</p><p>That has made investors anxious that the Fed risks causing a recession by potentially being too aggressive to bring runaway inflation under control.</p><p>Read:Fed&#39;s Waller backs another jumbo 75 bp interest-rate hike in July</p><p>But now slowing growth has some investors questioning how long the Fed will continue on an aggressive path of monetary tightening, even though it began hiking rates just this year.</p><h2>Recession worries</h2><p>The yield curve spread between 10-year and 2-year Treasury rates briefly inverted on July 5 for the first time since mid-June, another sign that the U.S. may be facing a recession, although this time against a backdrop of declining rates, according to Graff. The yield curve was inverted on Wednesday afternoon, with two-year yields  slightly higher than 10-year rates , FactSet data show.</p><p>In Graff&#39;s view, the corporate bond market also has been flashing recession concerns.</p><p>&#34;Investment-grade corporate spreads are about as wide as they&#39;ve been any time&#34; outside of a  recession in the last 25 years, said Graff. That doesn&#39;t mean there&#39;s &#34;100% odds&#34; of an economic contraction, he said, &#34;but it&#39;s definitely clearly showing credit markets think there&#39;s a risk.&#34;</p><p>Spreads over Treasurys for high-yield debt, or junk bonds, have similarly increased, according to Graff.</p><p>&#34;U.S. corporate bond spreads continue to move higher even though 10-year Treasury yields peaked 3 weeks ago,&#34; said Nicholas Colas, co-founder of DataTrek Research, in a note emailed July 6. &#34;Spreads tend to rise when markets are increasingly uncertain about future corporate cash flows, and that has been the case most of this year.&#34;</p><p>Investors worry about cash flows drying up in an economic slowdown as that may hinder companies from reinvesting in their businesses, or make it more difficult for cash-strapped borrowers to meet their financial obligations.</p><p>The U.S. stock market has sunk this year after a repricing of valuations that looked stretched as rates rose. Growth stocks, including shares of technology-related companies, have taken a steep drop in 2022.The tech-heavy Nasdaq Composite plunged 29.5% during the first half of this year, while the S&amp;P 500 dropped 20.6%.</p><p>Growth stocks are particularly sensitive to rising rates as their anticipated cash flow streams are far out into the future. But with rates recently falling amid recession concerns, they&#39;ve recently been gaining ground after being trounced by value-style bets over a stretch that began late last year.</p><p>Since June 10, the Russell 1000 Growth Index  has eked out a gain of 0.5% through Wednesday,  while the Russell 1000 Value Index  dropped about 3.7% over the same period, FactSet data show.</p><p>Upcoming company earnings reports for the second quarter should give investors a &#34;clearer picture&#34; of what companies expect in terms of demand for their goods and services in the second half of 2022, as well as which direction stocks will be headed, according to Graff.</p><p>&#34;Some amount of earnings slowdown is priced in,&#34; he said of the equities market. &#34;In our view, if earnings are mildly lower in the second half but companies see them rebounding in &#39;23, that&#39;s probably a pretty good outcome for stocks.&#34;</p><p>In prior recessions, the average earnings drop for the S&amp;P 500 was 13%, with the global financial crisis, or GFC, skewing the results, according to Tony DeSpirito, BlackRock&#39;s chief investment officer for U.S. fundamental equities. A chart in his third-quarter outlook report illustrates this finding.</p><p>&#34;We are not calling for a recession, but we are cognizant that the risks of a recession are rising,&#34; DeSpirito said in the note. &#34;The Fed is tightening monetary policy, bringing an end to &#39;easy money&#39; policies,&#34; he said, while 30-year mortgage rates have about doubled since last year to nearly 6% today, inflation is starting to &#34;erode household savings&#34; and &#34;inventories of goods are elevated as both pandemic-induced supply shortages and voracious demand ease.&#34;</p><p>All three major U.S. stock benchmarks ended Wednesday higher after the release of minutes of the Fed&#39;s last policy meeting. The S&amp;P 500  gained 0.4%, while the Nasdaq Composite  rose 0.3% and the Dow Jones Industrial Average  edged up 0.2%, according to Dow Jones Market Data.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why a Rally in Growth Stocks Could Signal \"Peak\" Fed Hawkishness Has Passed</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\">\nWhy a Rally in Growth Stocks Could Signal \"Peak\" Fed Hawkishness Has Passed\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-07-07 07:21</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>If tech can sustain outperformance that will mean the market thinks the Fed has passed &#39;peak hawkishness,&#39; according to Sevens Report</p><p>Growth stocks have outperformed value equities recently as investors begin to question if the Federal Reserve has passed peak hawkishness already with its plans to raise rates to combat high inflation.</p><p>Recent bets on fed-funds futures have pointed toward a potential pivot back to rate cuts at some point next year, while 10-year yields on U.S. government debt have fallen below 3%. Corporate bond spreads have widened as recession worries bubble up. But thedecline in Treasury yields appears to be giving a lift to technology and other growth stocks over value-oriented equities.</p><p>&#34;While it&#39;s too early to declare the value outperformance &#39;over,&#39; we do think the outperformance of tech recently is notable, because if it continues that will be a strong signal that the market is now looking past future rates hikes towards eventual rate cuts in 2023,&#34; said Tom Essaye, founder of Sevens Report Research, in a note Wednesday. &#34;If tech can mount sustained outperformance that will tell us the market thinks the Fed has passed &#39;peak hawkishness.&#39;&#34;</p><p>Long-term Treasury yields have been falling recently because investors are worried that the U.S. economy is slowing and &#34;a recession is a distinct possibility,&#34; said Tom Graff, head of investments at Facet Wealth, by phone.</p><p>The yield on the 10-year Treasury note jumped as high as about 3.482% in June, before falling Tuesday to 2.808%--the lowest since May 27 based on 3 p.m. Eastern Time levels, according to Dow Jones Market Data. That compares with a yield of about 1.5% at the end of 2021, when investors were anticipating that the Fed was gearing up to hike its benchmark rate to curb hot inflation.</p><p>The Fed raised its benchmark rate in March for the first time since 2018, lifting it a quarter percentage point from near zero while laying out plans for further increases as inflation was running at the hottest pace in 40 years. Since then, the central bank has become more hawkish, announcing larger rate hikes as the cost of living has remained stubbornly high.</p><p>That has made investors anxious that the Fed risks causing a recession by potentially being too aggressive to bring runaway inflation under control.</p><p>Read:Fed&#39;s Waller backs another jumbo 75 bp interest-rate hike in July</p><p>But now slowing growth has some investors questioning how long the Fed will continue on an aggressive path of monetary tightening, even though it began hiking rates just this year.</p><h2>Recession worries</h2><p>The yield curve spread between 10-year and 2-year Treasury rates briefly inverted on July 5 for the first time since mid-June, another sign that the U.S. may be facing a recession, although this time against a backdrop of declining rates, according to Graff. The yield curve was inverted on Wednesday afternoon, with two-year yields  slightly higher than 10-year rates , FactSet data show.</p><p>In Graff&#39;s view, the corporate bond market also has been flashing recession concerns.</p><p>&#34;Investment-grade corporate spreads are about as wide as they&#39;ve been any time&#34; outside of a  recession in the last 25 years, said Graff. That doesn&#39;t mean there&#39;s &#34;100% odds&#34; of an economic contraction, he said, &#34;but it&#39;s definitely clearly showing credit markets think there&#39;s a risk.&#34;</p><p>Spreads over Treasurys for high-yield debt, or junk bonds, have similarly increased, according to Graff.</p><p>&#34;U.S. corporate bond spreads continue to move higher even though 10-year Treasury yields peaked 3 weeks ago,&#34; said Nicholas Colas, co-founder of DataTrek Research, in a note emailed July 6. &#34;Spreads tend to rise when markets are increasingly uncertain about future corporate cash flows, and that has been the case most of this year.&#34;</p><p>Investors worry about cash flows drying up in an economic slowdown as that may hinder companies from reinvesting in their businesses, or make it more difficult for cash-strapped borrowers to meet their financial obligations.</p><p>The U.S. stock market has sunk this year after a repricing of valuations that looked stretched as rates rose. Growth stocks, including shares of technology-related companies, have taken a steep drop in 2022.The tech-heavy Nasdaq Composite plunged 29.5% during the first half of this year, while the S&amp;P 500 dropped 20.6%.</p><p>Growth stocks are particularly sensitive to rising rates as their anticipated cash flow streams are far out into the future. But with rates recently falling amid recession concerns, they&#39;ve recently been gaining ground after being trounced by value-style bets over a stretch that began late last year.</p><p>Since June 10, the Russell 1000 Growth Index  has eked out a gain of 0.5% through Wednesday,  while the Russell 1000 Value Index  dropped about 3.7% over the same period, FactSet data show.</p><p>Upcoming company earnings reports for the second quarter should give investors a &#34;clearer picture&#34; of what companies expect in terms of demand for their goods and services in the second half of 2022, as well as which direction stocks will be headed, according to Graff.</p><p>&#34;Some amount of earnings slowdown is priced in,&#34; he said of the equities market. &#34;In our view, if earnings are mildly lower in the second half but companies see them rebounding in &#39;23, that&#39;s probably a pretty good outcome for stocks.&#34;</p><p>In prior recessions, the average earnings drop for the S&amp;P 500 was 13%, with the global financial crisis, or GFC, skewing the results, according to Tony DeSpirito, BlackRock&#39;s chief investment officer for U.S. fundamental equities. A chart in his third-quarter outlook report illustrates this finding.</p><p>&#34;We are not calling for a recession, but we are cognizant that the risks of a recession are rising,&#34; DeSpirito said in the note. &#34;The Fed is tightening monetary policy, bringing an end to &#39;easy money&#39; policies,&#34; he said, while 30-year mortgage rates have about doubled since last year to nearly 6% today, inflation is starting to &#34;erode household savings&#34; and &#34;inventories of goods are elevated as both pandemic-induced supply shortages and voracious demand ease.&#34;</p><p>All three major U.S. stock benchmarks ended Wednesday higher after the release of minutes of the Fed&#39;s last policy meeting. The S&amp;P 500  gained 0.4%, while the Nasdaq Composite  rose 0.3% and the Dow Jones Industrial Average  edged up 0.2%, according to Dow Jones Market Data.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2249546463","content_text":"If tech can sustain outperformance that will mean the market thinks the Fed has passed 'peak hawkishness,' according to Sevens ReportGrowth stocks have outperformed value equities recently as investors begin to question if the Federal Reserve has passed peak hawkishness already with its plans to raise rates to combat high inflation.Recent bets on fed-funds futures have pointed toward a potential pivot back to rate cuts at some point next year, while 10-year yields on U.S. government debt have fallen below 3%. Corporate bond spreads have widened as recession worries bubble up. But thedecline in Treasury yields appears to be giving a lift to technology and other growth stocks over value-oriented equities.\"While it's too early to declare the value outperformance 'over,' we do think the outperformance of tech recently is notable, because if it continues that will be a strong signal that the market is now looking past future rates hikes towards eventual rate cuts in 2023,\" said Tom Essaye, founder of Sevens Report Research, in a note Wednesday. \"If tech can mount sustained outperformance that will tell us the market thinks the Fed has passed 'peak hawkishness.'\"Long-term Treasury yields have been falling recently because investors are worried that the U.S. economy is slowing and \"a recession is a distinct possibility,\" said Tom Graff, head of investments at Facet Wealth, by phone.The yield on the 10-year Treasury note jumped as high as about 3.482% in June, before falling Tuesday to 2.808%--the lowest since May 27 based on 3 p.m. Eastern Time levels, according to Dow Jones Market Data. That compares with a yield of about 1.5% at the end of 2021, when investors were anticipating that the Fed was gearing up to hike its benchmark rate to curb hot inflation.The Fed raised its benchmark rate in March for the first time since 2018, lifting it a quarter percentage point from near zero while laying out plans for further increases as inflation was running at the hottest pace in 40 years. Since then, the central bank has become more hawkish, announcing larger rate hikes as the cost of living has remained stubbornly high.That has made investors anxious that the Fed risks causing a recession by potentially being too aggressive to bring runaway inflation under control.Read:Fed's Waller backs another jumbo 75 bp interest-rate hike in JulyBut now slowing growth has some investors questioning how long the Fed will continue on an aggressive path of monetary tightening, even though it began hiking rates just this year.Recession worriesThe yield curve spread between 10-year and 2-year Treasury rates briefly inverted on July 5 for the first time since mid-June, another sign that the U.S. may be facing a recession, although this time against a backdrop of declining rates, according to Graff. The yield curve was inverted on Wednesday afternoon, with two-year yields  slightly higher than 10-year rates , FactSet data show.In Graff's view, the corporate bond market also has been flashing recession concerns.\"Investment-grade corporate spreads are about as wide as they've been any time\" outside of a  recession in the last 25 years, said Graff. That doesn't mean there's \"100% odds\" of an economic contraction, he said, \"but it's definitely clearly showing credit markets think there's a risk.\"Spreads over Treasurys for high-yield debt, or junk bonds, have similarly increased, according to Graff.\"U.S. corporate bond spreads continue to move higher even though 10-year Treasury yields peaked 3 weeks ago,\" said Nicholas Colas, co-founder of DataTrek Research, in a note emailed July 6. \"Spreads tend to rise when markets are increasingly uncertain about future corporate cash flows, and that has been the case most of this year.\"Investors worry about cash flows drying up in an economic slowdown as that may hinder companies from reinvesting in their businesses, or make it more difficult for cash-strapped borrowers to meet their financial obligations.The U.S. stock market has sunk this year after a repricing of valuations that looked stretched as rates rose. Growth stocks, including shares of technology-related companies, have taken a steep drop in 2022.The tech-heavy Nasdaq Composite plunged 29.5% during the first half of this year, while the S&P 500 dropped 20.6%.Growth stocks are particularly sensitive to rising rates as their anticipated cash flow streams are far out into the future. But with rates recently falling amid recession concerns, they've recently been gaining ground after being trounced by value-style bets over a stretch that began late last year.Since June 10, the Russell 1000 Growth Index  has eked out a gain of 0.5% through Wednesday,  while the Russell 1000 Value Index  dropped about 3.7% over the same period, FactSet data show.Upcoming company earnings reports for the second quarter should give investors a \"clearer picture\" of what companies expect in terms of demand for their goods and services in the second half of 2022, as well as which direction stocks will be headed, according to Graff.\"Some amount of earnings slowdown is priced in,\" he said of the equities market. \"In our view, if earnings are mildly lower in the second half but companies see them rebounding in '23, that's probably a pretty good outcome for stocks.\"In prior recessions, the average earnings drop for the S&P 500 was 13%, with the global financial crisis, or GFC, skewing the results, according to Tony DeSpirito, BlackRock's chief investment officer for U.S. fundamental equities. A chart in his third-quarter outlook report illustrates this finding.\"We are not calling for a recession, but we are cognizant that the risks of a recession are rising,\" DeSpirito said in the note. \"The Fed is tightening monetary policy, bringing an end to 'easy money' policies,\" he said, while 30-year mortgage rates have about doubled since last year to nearly 6% today, inflation is starting to \"erode household savings\" and \"inventories of goods are elevated as both pandemic-induced supply shortages and voracious demand ease.\"All three major U.S. stock benchmarks ended Wednesday higher after the release of minutes of the Fed's last policy meeting. The S&P 500  gained 0.4%, while the Nasdaq Composite  rose 0.3% and the Dow Jones Industrial Average  edged up 0.2%, according to Dow Jones Market Data.","news_type":1},"isVote":1,"tweetType":1,"viewCount":75,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9047911999,"gmtCreate":1656851478811,"gmtModify":1676535903781,"author":{"id":"4118716590079382","authorId":"4118716590079382","name":"Jean0031","avatar":"https://community-static.tradeup.com/news/28f213a3cbe3bebc3ed79d122de1f59c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4118716590079382","authorIdStr":"4118716590079382"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9047911999","repostId":"2248380498","repostType":4,"repost":{"id":"2248380498","pubTimestamp":1656813783,"share":"https://ttm.financial/m/news/2248380498?lang=&edition=fundamental","pubTime":"2022-07-03 10:03","market":"us","language":"en","title":"Here Are 2 of the Best Stocks to Buy if the U.S. Avoids a Recession","url":"https://stock-news.laohu8.com/highlight/detail?id=2248380498","media":"Motley Fool","summary":"The chances of a recession are creeping higher as interest rates rise, but falling into one is not guaranteed.","content":"<html><head></head><body><p>A recession is defined as two consecutive quarters of slowing economic growth, measured by gross domestic product (GDP) data. Over the last two years, interest rates have been at record lows while the U.S. government injected trillions of stimulus dollars into the economy to fight the pandemic, which led to strong growth.</p><p>Now, the Federal Reserve is raising interest rates back to normal levels, which could slow down the economy, and if it goes too far, it might even lead to a recession. Wall Street investment banks think the likelihood of that outcome within the next 12 months is around 30% to 40%.</p><h2>But that might be too pessimistic</h2><p>The stock market is paying close attention to that risk. The technology sector in particular, which is represented by the <b>Nasdaq-100</b> index, has fallen 28% in 2022 so far, placing it firmly in a bear market. But are investors being too negative?</p><p>According to the most recent data, there are approximately 11.4 million job openings across the U.S. right now, but only 6 million people who are unemployed. It implies that businesses are feeling optimistic enough to hire more staff, and since there isn&#39;t enough available labor to fill all those jobs, employees might see their income continue to rise.</p><p>On that note, households are in great financial shape; their net worth (assets minus liabilities) is near all-time highs, and they have the highest cash balances on record. These conditions typically don&#39;t signal a looming recession, so what should investors do if one never comes?</p><p>Here are two great stocks investors will want to own if the U.S. economy remains strong and avoids the dreaded R-word.</p><h2>1. Apple</h2><p><b>Apple</b> is a quintessential consumer brand. If the economy remains strong and consumers feel confident about their financial future, it can be expected that Apple will sell more of its big-ticket devices like the iPhone and accessories, or its Mac line of computers.</p><p>And the company now offers far more than its innovative hardware products; it&#39;s a leading name in entertainment, attracting customer dollars for its Apple Music platform and its Apple TV+ streaming service.</p><p>These brands fall under its services segment along with Apple Pay, Apple News, and iCloud, among others. It accounted for 20% of Apple&#39;s total $97.2 billion in revenue during the recent second quarter of fiscal 2022 (ended March 26). But the story is the growth rate: Services revenue increased 17% year over year compared to 7% for Apple&#39;s products segment.</p><p>It has been a common theme in recent years, partly because devices like the iPhone are used by over 1.2 billion consumers, so it gradually becomes more difficult to generate user growth. But it&#39;s not necessarily a bad thing because the services segment is far more profitable, with a gross margin that hovers above 70% compared to around 35% for products.</p><p>By the end of the full fiscal year 2022, analysts expect Apple will have generated $393 billion in total revenue and $6.14 in earnings per share, which is equivalent to approximately $100 billion in net income. Given that Apple stock is currently down 24% from its all-time high, now might be an opportune time to take a position in the largest company in the world.</p><h2>2. Upstart Holdings</h2><p><b>Upstart Holdings</b> listed on the public markets in December 2020 at $20 per share. It has since rocketed to an all-time high of $401, before falling back down to about $32, where it trades today. The company uses artificial intelligence to originate loans for 57 banks and credit unions (a number that&#39;s growing quickly), in a bid to compete with <b>Fair Isaac</b>&#39;s decades-old FICO credit scoring system.</p><p>Investors have sold Upstart stock heavily in recent months because rising interest rates typically result in consumers borrowing less money, less frequently. Since the company earns fees each time it originates a loan, that could deliver a hit to its revenue, and it has already revised its 2022 guidance down to $1.25 billion from $1.4 billion.</p><p>But if the economy does remain strong, Upstart is very well positioned to benefit. The company&#39;s Upstart Auto Retail sales and finance platform is now active in 525 car dealerships across America, a number that has grown 224% in the last 12 months alone. That places Upstart on the front lines when it comes to one of the largest purchases consumers typically make.</p><p>And the company&#39;s primary focus is unsecured lending for a range of purposes including home renovations and vacations, which are more segments of higher discretionary spending when consumers are feeling confident.</p><p>In the long run, Upstart&#39;s annual opportunity could exceed $6 trillion. So, picking up the stock while it&#39;s down over 90% from its all-time high might be a good purchase when looking back a few years from now.</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>Here Are 2 of the Best Stocks to Buy if the U.S. Avoids a Recession</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere Are 2 of the Best Stocks to Buy if the U.S. Avoids a Recession\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-03 10:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/07/02/here-are-2-best-stocks-buy-if-us-avoids-recession/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>A recession is defined as two consecutive quarters of slowing economic growth, measured by gross domestic product (GDP) data. Over the last two years, interest rates have been at record lows while the...</p>\n\n<a href=\"https://www.fool.com/investing/2022/07/02/here-are-2-best-stocks-buy-if-us-avoids-recession/\">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","UPST":"Upstart Holdings, Inc."},"source_url":"https://www.fool.com/investing/2022/07/02/here-are-2-best-stocks-buy-if-us-avoids-recession/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2248380498","content_text":"A recession is defined as two consecutive quarters of slowing economic growth, measured by gross domestic product (GDP) data. Over the last two years, interest rates have been at record lows while the U.S. government injected trillions of stimulus dollars into the economy to fight the pandemic, which led to strong growth.Now, the Federal Reserve is raising interest rates back to normal levels, which could slow down the economy, and if it goes too far, it might even lead to a recession. Wall Street investment banks think the likelihood of that outcome within the next 12 months is around 30% to 40%.But that might be too pessimisticThe stock market is paying close attention to that risk. The technology sector in particular, which is represented by the Nasdaq-100 index, has fallen 28% in 2022 so far, placing it firmly in a bear market. But are investors being too negative?According to the most recent data, there are approximately 11.4 million job openings across the U.S. right now, but only 6 million people who are unemployed. It implies that businesses are feeling optimistic enough to hire more staff, and since there isn't enough available labor to fill all those jobs, employees might see their income continue to rise.On that note, households are in great financial shape; their net worth (assets minus liabilities) is near all-time highs, and they have the highest cash balances on record. These conditions typically don't signal a looming recession, so what should investors do if one never comes?Here are two great stocks investors will want to own if the U.S. economy remains strong and avoids the dreaded R-word.1. AppleApple is a quintessential consumer brand. If the economy remains strong and consumers feel confident about their financial future, it can be expected that Apple will sell more of its big-ticket devices like the iPhone and accessories, or its Mac line of computers.And the company now offers far more than its innovative hardware products; it's a leading name in entertainment, attracting customer dollars for its Apple Music platform and its Apple TV+ streaming service.These brands fall under its services segment along with Apple Pay, Apple News, and iCloud, among others. It accounted for 20% of Apple's total $97.2 billion in revenue during the recent second quarter of fiscal 2022 (ended March 26). But the story is the growth rate: Services revenue increased 17% year over year compared to 7% for Apple's products segment.It has been a common theme in recent years, partly because devices like the iPhone are used by over 1.2 billion consumers, so it gradually becomes more difficult to generate user growth. But it's not necessarily a bad thing because the services segment is far more profitable, with a gross margin that hovers above 70% compared to around 35% for products.By the end of the full fiscal year 2022, analysts expect Apple will have generated $393 billion in total revenue and $6.14 in earnings per share, which is equivalent to approximately $100 billion in net income. Given that Apple stock is currently down 24% from its all-time high, now might be an opportune time to take a position in the largest company in the world.2. Upstart HoldingsUpstart Holdings listed on the public markets in December 2020 at $20 per share. It has since rocketed to an all-time high of $401, before falling back down to about $32, where it trades today. The company uses artificial intelligence to originate loans for 57 banks and credit unions (a number that's growing quickly), in a bid to compete with Fair Isaac's decades-old FICO credit scoring system.Investors have sold Upstart stock heavily in recent months because rising interest rates typically result in consumers borrowing less money, less frequently. Since the company earns fees each time it originates a loan, that could deliver a hit to its revenue, and it has already revised its 2022 guidance down to $1.25 billion from $1.4 billion.But if the economy does remain strong, Upstart is very well positioned to benefit. The company's Upstart Auto Retail sales and finance platform is now active in 525 car dealerships across America, a number that has grown 224% in the last 12 months alone. That places Upstart on the front lines when it comes to one of the largest purchases consumers typically make.And the company's primary focus is unsecured lending for a range of purposes including home renovations and vacations, which are more segments of higher discretionary spending when consumers are feeling confident.In the long run, Upstart's annual opportunity could exceed $6 trillion. So, picking up the stock while it's down over 90% from its all-time high might be a good purchase when looking back a few years from now.","news_type":1},"isVote":1,"tweetType":1,"viewCount":62,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":189450705580256,"gmtCreate":1687278285318,"gmtModify":1687278290467,"author":{"id":"4118716590079382","authorId":"4118716590079382","name":"Jean0031","avatar":"https://community-static.tradeup.com/news/28f213a3cbe3bebc3ed79d122de1f59c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4118716590079382","authorIdStr":"4118716590079382"},"themes":[],"htmlText":"Thank you for organising the event","listText":"Thank you for organising the event","text":"Thank you for organising the event","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":2,"link":"https://ttm.financial/post/189450705580256","isVote":1,"tweetType":1,"viewCount":190,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9071599228,"gmtCreate":1657550103064,"gmtModify":1676536023809,"author":{"id":"4118716590079382","authorId":"4118716590079382","name":"Jean0031","avatar":"https://community-static.tradeup.com/news/28f213a3cbe3bebc3ed79d122de1f59c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4118716590079382","authorIdStr":"4118716590079382"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9071599228","repostId":"2250493079","repostType":4,"repost":{"id":"2250493079","pubTimestamp":1657553267,"share":"https://ttm.financial/m/news/2250493079?lang=&edition=fundamental","pubTime":"2022-07-11 23:27","market":"us","language":"en","title":"3 Stocks to Avoid This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=2250493079","media":"Motley Fool","summary":"These investments seem pretty vulnerable right now.","content":"<html><head></head><body><p>All but one of my &#34;three stocks to avoid&#34; column last week went according to plan, but it wasn&#39;t enough. The three stocks I thought were going to lose to the market for the week -- <b>Coinbase</b>, <b>H&amp;R <a href=\"https://laohu8.com/S/SQ\">Block</a></b>, and <b>WD-40</b>-- finished up 23%, up 1%, and down 13%, respectively, averaging out to a 3.7% increase.</p><p>The <b>S&amp;P 500</b> experienced a 1.9% ascent, but the investments I figured would fare rose nearly twice as much. I was wrong. But I have still been correct in 25 of the past 38 weeks.</p><p>Where do I go to next? I see <b>Conagra</b>, <b>Coinbase</b>, and <b>ExxonMobil</b> as stocks you may want to consider steering clear of this week. Let&#39;s go over my near-term concerns with all three investments.</p><h2><b>Conagra</b></h2><p>There&#39;s a good chance that there&#39;s some Conagra in your kitchen. Scour your fridge or pantry, and you may find some Slim Jim beef jerky, Pam non-stick spray, Hunt&#39;s ketchup, or Log Cabin maple syrup. There are dozens of Conagra brands that are literally and figuratively household names. I&#39;m still con Conagra this week.</p><p>The brand giant reports financial results on Thursday morning. It hasn&#39;t been very impressive lately. It has failed to exceed analyst profit targets in back-to-back quarters, and Wall Street expectations have been trending lower in recent months. Being a haven for premium brands isn&#39;t a lot of fun when the economy&#39;s wobbly and folks are trading down to lower-margin store brands. Wall Street sees revenue at Conagra climbing just 3% this year as well as 2023. It&#39;s hard to get excited about this week&#39;s financial update with that backdrop.</p><h2><b>Coinbase</b></h2><p>The one stock that burned me last week was Coinbase. It soared 23%, more than offsetting the other two selections that failed to beat the market. But I&#39;m not sure the rally is sustainable. Crypto markets have bounced back, but confidence is rattled for digital currency traders. A couple of notable platforms have either frozen assets or filed for bankruptcy protection.</p><p>Recovery won&#39;t be easy, and you can be sure that the once beefy yields that folks were earning on some of these platforms aren&#39;t coming back anytime soon. Coinbase is the top dog, and it will survive the current crisis. It has a strong balance sheet, and it didn&#39;t go deep into the risk spectrum to deliver staking rewards for its users.</p><p>However, Coinbase was reeling even before lesser platforms were exposed. Retail trading volume plummeted 58% sequentially in this year&#39;s first quarter, and the second quarter that concluded last week probably isn&#39;t going to hold up much better. Crypto prices may be starting to stabilize now that stock prices are also showing some resiliency, but a lot of scorched investors are going to stay away for now.</p><h2><b>ExxonMobil</b></h2><p>Stocks were rallying last week, but one of the hottest industries of 2022 took a breather. Oil and gas stocks declined as energy costs inched lower. Will the sector rotation continue in the week ahead?</p><p>You don&#39;t want to bet against ExxonMobil over the long haul. The integrated oil major has more going for it than just the recent pain at the pump. However, sector rotation makes hot industries mortal during the shift. Did you realize that ExxonMobil&#39;s surge over the past year has dropped its once meteoric yield to just 4.1%? If stocks continue to rally it&#39;s a safe bet that ExxonMobil will be a laggard for now.</p><p>It&#39;s going to be a bumpy road for some of these investments. If you&#39;re looking for safe stocks, you aren&#39;t likely to find them in Conagra, Coinbase, and ExxonMobil this week.</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>3 Stocks to Avoid This Week</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\">\n3 Stocks to Avoid This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-11 23:27 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/07/11/3-stocks-to-avoid-this-week/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>All but one of my \"three stocks to avoid\" column last week went according to plan, but it wasn't enough. The three stocks I thought were going to lose to the market for the week -- Coinbase, H&R Block...</p>\n\n<a href=\"https://www.fool.com/investing/2022/07/11/3-stocks-to-avoid-this-week/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CAG":"康尼格拉","COIN":"Coinbase Global, Inc.","XOM":"埃克森美孚"},"source_url":"https://www.fool.com/investing/2022/07/11/3-stocks-to-avoid-this-week/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2250493079","content_text":"All but one of my \"three stocks to avoid\" column last week went according to plan, but it wasn't enough. The three stocks I thought were going to lose to the market for the week -- Coinbase, H&R Block, and WD-40-- finished up 23%, up 1%, and down 13%, respectively, averaging out to a 3.7% increase.The S&P 500 experienced a 1.9% ascent, but the investments I figured would fare rose nearly twice as much. I was wrong. But I have still been correct in 25 of the past 38 weeks.Where do I go to next? I see Conagra, Coinbase, and ExxonMobil as stocks you may want to consider steering clear of this week. Let's go over my near-term concerns with all three investments.ConagraThere's a good chance that there's some Conagra in your kitchen. Scour your fridge or pantry, and you may find some Slim Jim beef jerky, Pam non-stick spray, Hunt's ketchup, or Log Cabin maple syrup. There are dozens of Conagra brands that are literally and figuratively household names. I'm still con Conagra this week.The brand giant reports financial results on Thursday morning. It hasn't been very impressive lately. It has failed to exceed analyst profit targets in back-to-back quarters, and Wall Street expectations have been trending lower in recent months. Being a haven for premium brands isn't a lot of fun when the economy's wobbly and folks are trading down to lower-margin store brands. Wall Street sees revenue at Conagra climbing just 3% this year as well as 2023. It's hard to get excited about this week's financial update with that backdrop.CoinbaseThe one stock that burned me last week was Coinbase. It soared 23%, more than offsetting the other two selections that failed to beat the market. But I'm not sure the rally is sustainable. Crypto markets have bounced back, but confidence is rattled for digital currency traders. A couple of notable platforms have either frozen assets or filed for bankruptcy protection.Recovery won't be easy, and you can be sure that the once beefy yields that folks were earning on some of these platforms aren't coming back anytime soon. Coinbase is the top dog, and it will survive the current crisis. It has a strong balance sheet, and it didn't go deep into the risk spectrum to deliver staking rewards for its users.However, Coinbase was reeling even before lesser platforms were exposed. Retail trading volume plummeted 58% sequentially in this year's first quarter, and the second quarter that concluded last week probably isn't going to hold up much better. Crypto prices may be starting to stabilize now that stock prices are also showing some resiliency, but a lot of scorched investors are going to stay away for now.ExxonMobilStocks were rallying last week, but one of the hottest industries of 2022 took a breather. Oil and gas stocks declined as energy costs inched lower. Will the sector rotation continue in the week ahead?You don't want to bet against ExxonMobil over the long haul. The integrated oil major has more going for it than just the recent pain at the pump. However, sector rotation makes hot industries mortal during the shift. Did you realize that ExxonMobil's surge over the past year has dropped its once meteoric yield to just 4.1%? If stocks continue to rally it's a safe bet that ExxonMobil will be a laggard for now.It's going to be a bumpy road for some of these investments. If you're looking for safe stocks, you aren't likely to find them in Conagra, Coinbase, and ExxonMobil this week.","news_type":1},"isVote":1,"tweetType":1,"viewCount":101,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9044623569,"gmtCreate":1656748496851,"gmtModify":1676535889172,"author":{"id":"4118716590079382","authorId":"4118716590079382","name":"Jean0031","avatar":"https://community-static.tradeup.com/news/28f213a3cbe3bebc3ed79d122de1f59c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4118716590079382","authorIdStr":"4118716590079382"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9044623569","repostId":"2248897596","repostType":4,"repost":{"id":"2248897596","pubTimestamp":1656718142,"share":"https://ttm.financial/m/news/2248897596?lang=&edition=fundamental","pubTime":"2022-07-02 07:29","market":"us","language":"en","title":"3 Warren Buffett Stocks to Buy Hand Over Fist in July","url":"https://stock-news.laohu8.com/highlight/detail?id=2248897596","media":"Motley Fool","summary":"Riding the Oracle of Omaha's coattails is a proven moneymaking strategy.","content":"<html><head></head><body><p>Few investors have a nose for making money quite like billionaire Warren Buffett. Since becoming CEO of conglomerate <b>Berkshire Hathaway</b> in 1965, the Oracle of Omaha, as he&#39;s come to be known, has created more than $610 billion in value for shareholders and delivered an aggregate return on his company&#39;s Class A shares (BRK.A) of 3,641,613%, through Dec. 31, 2021.</p><p>Even though Buffett isn&#39;t infallible, riding his coattails has been a proven recipe to outperform the benchmark <b>S&amp;P 500</b> for more than a half-century.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e92116e97f06291ec28eda85974acb1b\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.</span></p><p>As we push into the second half of what&#39;s been an exceptionally volatile and challenging year for investors, several Berkshire Hathaway holdings stand out as amazing values. The following three Warren Buffett stocks can all be confidently bought hand over fist in July.</p><h2>Bank of America</h2><p>The first Buffett stock that&#39;s begging to be bought in July is money-center giant <b>Bank of America</b>.</p><p>Usually, bank stocks are an industry to avoid when the broader market is mired in a double-digit decline. However, this time is different. It&#39;s the first time ever that the U.S.&#39;s central bank has aggressively raised interest rates into a plunging stock market.</p><p>Under normal circumstances, we&#39;d expect the Federal Reserve to lower interest rates in order to spur lending and support the U.S. economy and stock market. Doing so lowers the net-interest-income-earning potential for bank stocks like BofA. But with the Fed increasing its fed funds target rate by 150 basis points in just the past three meetings, bank stocks are poised to benefit from a significant uptick in net-interest income.</p><p>Among big-bank stocks, none is more interest-sensitive than Bank of America. In April, when the company reported its first-quarter operating results, BofA noted it would generate an estimated $5.4 billion in added net-interest income with a 100-basis-point parallel shift in the interest rate yield curve. By 2022&#39;s end, we could see a 300-basis-point (or higher) jump in the fed funds rate.</p><p>Bank of America has also benefited from its consistent investments in technology and digitization. Over a three-year stretch, the number of active digital users has grown by 5 million to 42 million. More importantly, 53% of all first-quarter loan sales were completed online or via mobile app, which is up from 30% in the comparable quarter in 2019. Digital sales are considerably cheaper for the company than in-person or phone-based interactions. It&#39;s this digital push that&#39;s allowed BofA to consolidate some of its branches to lower its noninterest expenses.</p><p>If you need one more good reason to sink your teeth into Bank of America, take a closer look at its valuation. Whereas most companies are likely to endure a near-term earnings decline, BofA&#39;s earnings per share could grow by close to 20% in 2023. With shares trading close to book value and roughly eight times Wall Street&#39;s forecast earnings for the upcoming year, Bank of America just might be the best deal in Buffett&#39;s entire portfolio.</p><h2>Activision Blizzard</h2><p>A second Warren Buffett stock investors can confidently scoop up in July is gaming giant <b>Activision Blizzard</b>.</p><p>Like most tech stocks, Activision has a cloud of uncertainty following it. However, it has its own unique set of concerns beyond just historically high inflation, the rising prospect of a domestic recession, and rising interest rates closing off access to historically cheap capital. In Activision&#39;s case, it&#39;s faced multiple lawsuits covering allegations of discrimination and sexual harassment in the workplace.</p><p>To make matters worse, the company delayed the release of a number of key games expected to drive new users into its ecosystem. First-person shooter game <i>Overwatch 2</i> and action role-playing game <i>Diablo IV </i>had their respective release dates pushed back to the fourth quarter of 2022 and sometime in 2023.</p><p>However, these snafus have arguably rolled out the red carpet for opportunistic investors. For instance, the company&#39;s litigation should be resolved soon.</p><p>Activision ended March with 372 million monthly active users (MAUs). Although down from the year-ago period, MAUs tied to its King subsidiary, the home of <i>Candy Crush</i>, have held up particularly well. The upcoming releases of key games in the second half of 2022 and into 2023 should reignite MAU growth in the Activision segment.</p><p>Even more important is the fact that <b>Microsoft</b> has made a $68.7 billion all-cash offer to acquire Activision Blizzard at $95 a share. Aside from becoming even more influential in the gaming space with this deal, Microsoft plans to use Activision as a launching point to further its metaverse ambitions. The metaverse is the next iteration of the internet, which allows connected users to interact with each other and their surroundings in 3D virtual worlds.</p><p>Thus far, it doesn&#39;t appear that Activision and Microsoft have run into snags with U.S. regulators regarding the deal. This is noteworthy given that Activision Blizzard&#39;s stock ended last week below $78 a share. If Microsoft closes this deal in 2022, as anticipated, Activision shareholders could nab a quick 22% arbitrage opportunity. This is precisely why Warren Buffett&#39;s company purchased a roughly 9.5% stake in Activision.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bfef5e9062efb34674bebd076d991a15\" tg-width=\"700\" tg-height=\"466\" width=\"100%\" height=\"auto\"/><span>The Wuling Hong Guang Mini Cabrio EV. Image source: General Motors.</span></p><h2>General Motors</h2><p>A third and final Warren Buffett stock to buy hand over fist in July is automaker <b>General Motors</b>.</p><p>You could say that what can go wrong <i>has</i> gone wrong for the auto industry in 2022. Semiconductor chip shortages and COVID-19 lockdowns in select international markets, such as China, have disrupted supply chains. Historically high inflation on the materials used to make vehicles is eating into auto margins. Yet in spite of these headwinds, GM has the drive to make long-term investors richer.</p><p>After many years of waiting on the next big organic growth opportunity for auto stocks, it&#39;s finally arrived. The electrification of automobiles should result in consumers and businesses changing or upgrading vehicles for decades to come.</p><p>For its part, General Motors has spared no expense. The company anticipates spending an aggregate of $35 billion through 2025 on electric vehicles (EVs), autonomous vehicles, and batteries. It expects to have two fully dedicated battery plants up and running by the end of next year, with a goal of producing at least 1 million EVs annually in North America by 2025. In total, 30 new EVs are expected to be launched globally by the end of 2025.</p><p>Initial figures suggest there&#39;s a lot of interest in GM&#39;s EV products. When GM released its first-quarter operating results on April 26, CEO Mary Barra noted in her letter to shareholders that approximately 140,000 retail reservations for the Chevy Silverado EV had already been placed. The Silverado EV was only introduced by Barra in January 2022.</p><p>General Motors also has a real shot to become a key player in China&#39;s EV market. China is the largest auto market in the world. Aside from the fact that GM has an established presence in China -- it delivered 2.9 million vehicles in both 2020 and 2021 -- it and its joint venture partners already have the best-selling EV in the country, the Wuling Hong Guang Mini EV.</p><p>With an extensive growth opportunity on its doorstep, General Motors is an incredible deal at only five times Wall Street&#39;s forecast earnings for 2022 and 2023.</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>3 Warren Buffett Stocks to Buy Hand Over Fist in July</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\">\n3 Warren Buffett Stocks to Buy Hand Over Fist in July\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-02 07:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/07/01/3-warren-buffett-stocks-buy-hand-over-fist-in-july/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Few investors have a nose for making money quite like billionaire Warren Buffett. Since becoming CEO of conglomerate Berkshire Hathaway in 1965, the Oracle of Omaha, as he's come to be known, has ...</p>\n\n<a href=\"https://www.fool.com/investing/2022/07/01/3-warren-buffett-stocks-buy-hand-over-fist-in-july/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BAC":"美国银行","ATVI":"动视暴雪","GM":"通用汽车"},"source_url":"https://www.fool.com/investing/2022/07/01/3-warren-buffett-stocks-buy-hand-over-fist-in-july/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2248897596","content_text":"Few investors have a nose for making money quite like billionaire Warren Buffett. Since becoming CEO of conglomerate Berkshire Hathaway in 1965, the Oracle of Omaha, as he's come to be known, has created more than $610 billion in value for shareholders and delivered an aggregate return on his company's Class A shares (BRK.A) of 3,641,613%, through Dec. 31, 2021.Even though Buffett isn't infallible, riding his coattails has been a proven recipe to outperform the benchmark S&P 500 for more than a half-century.Berkshire Hathaway CEO Warren Buffett. Image source: The Motley Fool.As we push into the second half of what's been an exceptionally volatile and challenging year for investors, several Berkshire Hathaway holdings stand out as amazing values. The following three Warren Buffett stocks can all be confidently bought hand over fist in July.Bank of AmericaThe first Buffett stock that's begging to be bought in July is money-center giant Bank of America.Usually, bank stocks are an industry to avoid when the broader market is mired in a double-digit decline. However, this time is different. It's the first time ever that the U.S.'s central bank has aggressively raised interest rates into a plunging stock market.Under normal circumstances, we'd expect the Federal Reserve to lower interest rates in order to spur lending and support the U.S. economy and stock market. Doing so lowers the net-interest-income-earning potential for bank stocks like BofA. But with the Fed increasing its fed funds target rate by 150 basis points in just the past three meetings, bank stocks are poised to benefit from a significant uptick in net-interest income.Among big-bank stocks, none is more interest-sensitive than Bank of America. In April, when the company reported its first-quarter operating results, BofA noted it would generate an estimated $5.4 billion in added net-interest income with a 100-basis-point parallel shift in the interest rate yield curve. By 2022's end, we could see a 300-basis-point (or higher) jump in the fed funds rate.Bank of America has also benefited from its consistent investments in technology and digitization. Over a three-year stretch, the number of active digital users has grown by 5 million to 42 million. More importantly, 53% of all first-quarter loan sales were completed online or via mobile app, which is up from 30% in the comparable quarter in 2019. Digital sales are considerably cheaper for the company than in-person or phone-based interactions. It's this digital push that's allowed BofA to consolidate some of its branches to lower its noninterest expenses.If you need one more good reason to sink your teeth into Bank of America, take a closer look at its valuation. Whereas most companies are likely to endure a near-term earnings decline, BofA's earnings per share could grow by close to 20% in 2023. With shares trading close to book value and roughly eight times Wall Street's forecast earnings for the upcoming year, Bank of America just might be the best deal in Buffett's entire portfolio.Activision BlizzardA second Warren Buffett stock investors can confidently scoop up in July is gaming giant Activision Blizzard.Like most tech stocks, Activision has a cloud of uncertainty following it. However, it has its own unique set of concerns beyond just historically high inflation, the rising prospect of a domestic recession, and rising interest rates closing off access to historically cheap capital. In Activision's case, it's faced multiple lawsuits covering allegations of discrimination and sexual harassment in the workplace.To make matters worse, the company delayed the release of a number of key games expected to drive new users into its ecosystem. First-person shooter game Overwatch 2 and action role-playing game Diablo IV had their respective release dates pushed back to the fourth quarter of 2022 and sometime in 2023.However, these snafus have arguably rolled out the red carpet for opportunistic investors. For instance, the company's litigation should be resolved soon.Activision ended March with 372 million monthly active users (MAUs). Although down from the year-ago period, MAUs tied to its King subsidiary, the home of Candy Crush, have held up particularly well. The upcoming releases of key games in the second half of 2022 and into 2023 should reignite MAU growth in the Activision segment.Even more important is the fact that Microsoft has made a $68.7 billion all-cash offer to acquire Activision Blizzard at $95 a share. Aside from becoming even more influential in the gaming space with this deal, Microsoft plans to use Activision as a launching point to further its metaverse ambitions. The metaverse is the next iteration of the internet, which allows connected users to interact with each other and their surroundings in 3D virtual worlds.Thus far, it doesn't appear that Activision and Microsoft have run into snags with U.S. regulators regarding the deal. This is noteworthy given that Activision Blizzard's stock ended last week below $78 a share. If Microsoft closes this deal in 2022, as anticipated, Activision shareholders could nab a quick 22% arbitrage opportunity. This is precisely why Warren Buffett's company purchased a roughly 9.5% stake in Activision.The Wuling Hong Guang Mini Cabrio EV. Image source: General Motors.General MotorsA third and final Warren Buffett stock to buy hand over fist in July is automaker General Motors.You could say that what can go wrong has gone wrong for the auto industry in 2022. Semiconductor chip shortages and COVID-19 lockdowns in select international markets, such as China, have disrupted supply chains. Historically high inflation on the materials used to make vehicles is eating into auto margins. Yet in spite of these headwinds, GM has the drive to make long-term investors richer.After many years of waiting on the next big organic growth opportunity for auto stocks, it's finally arrived. The electrification of automobiles should result in consumers and businesses changing or upgrading vehicles for decades to come.For its part, General Motors has spared no expense. The company anticipates spending an aggregate of $35 billion through 2025 on electric vehicles (EVs), autonomous vehicles, and batteries. It expects to have two fully dedicated battery plants up and running by the end of next year, with a goal of producing at least 1 million EVs annually in North America by 2025. In total, 30 new EVs are expected to be launched globally by the end of 2025.Initial figures suggest there's a lot of interest in GM's EV products. When GM released its first-quarter operating results on April 26, CEO Mary Barra noted in her letter to shareholders that approximately 140,000 retail reservations for the Chevy Silverado EV had already been placed. The Silverado EV was only introduced by Barra in January 2022.General Motors also has a real shot to become a key player in China's EV market. China is the largest auto market in the world. Aside from the fact that GM has an established presence in China -- it delivered 2.9 million vehicles in both 2020 and 2021 -- it and its joint venture partners already have the best-selling EV in the country, the Wuling Hong Guang Mini EV.With an extensive growth opportunity on its doorstep, General Motors is an incredible deal at only five times Wall Street's forecast earnings for 2022 and 2023.","news_type":1},"isVote":1,"tweetType":1,"viewCount":25,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9042585372,"gmtCreate":1656499543596,"gmtModify":1676535840963,"author":{"id":"4118716590079382","authorId":"4118716590079382","name":"Jean0031","avatar":"https://community-static.tradeup.com/news/28f213a3cbe3bebc3ed79d122de1f59c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4118716590079382","authorIdStr":"4118716590079382"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042585372","repostId":"1132870652","repostType":4,"repost":{"id":"1132870652","pubTimestamp":1656499487,"share":"https://ttm.financial/m/news/1132870652?lang=&edition=fundamental","pubTime":"2022-06-29 18:44","market":"fut","language":"en","title":"U.S. Stock Futures Edge Down Ahead of Central-Banker Panel","url":"https://stock-news.laohu8.com/highlight/detail?id=1132870652","media":"Wall Street Journal","summary":"U.S. stock futures ticked lower ahead of a panel of major central bank officials that is expected to","content":"<html><head></head><body><p>U.S. stock futures ticked lower ahead of a panel of major central bank officials that is expected to provide insight into their views on the economy, inflation and the path of monetary policy.</p><p>Futures tied to the S&amp;P 500 slipped 0.2% after the broad-market index closed down 2%on Tuesday. Nasdaq-100 futures ticked down 0.3%, pointing to muted losses for technology stocks after the opening bell.</p><p>Both VIX and VIXmain rose around 1.5%.</p><p>Gold sild 0,08% and reached $1819.7. </p><p>Stocks have started the week on a shaky note as a series of data releases showed that higher prices are weighing on consumer sentiment. Investors remained concerned about central banks tightening policy too aggressively while fighting inflation and causing a recession. The S&amp;P 500 is down more than 2% so far this week and remains in a bear market, closing down just over 20% from its latest peak on Tuesday.</p><p>“We expect markets to tread water at best until we get a convincing signal that inflation has peaked. Our confidence in a soft landing has gone down even further and the market has headed that way as well,” said Arun Sai, a multiasset strategist at Pictet Asset Management.</p><p>Leaders of major central banks will be speaking on a joint panel on Wednesday at 9 a.m. ET at the ECB’s forum in Sintra, Portugal, including Federal Reserve Chairman Jerome Powell, European Central Bank PresidentChristine Lagardeand Bank of England Gov. Andrew Bailey.</p><p>The yield on the benchmark 10-year Treasury note edged down to 3.168% from 3.206% on Tuesday, reversing direction after three straight days of rises. Prices rise when yields fall. European government bonds rallied, with Italy’s 10-year yield declining to 3.506% from 3.514% the day before.</p><p>“Investors were getting a little concerned that we would have a replay of the sovereign debt crisis. The ECB has reaffirmed that this is not going to be the case, they have a policy tool kit and can address that,” said Salman Baig, a multiasset investment manager at Unigestion.</p><p>The market is positioning for more information about the ECB’s new”anti-fragmentation” tool, aimed at addressing uneven financial conditions across the bloc, ahead of Ms. Lagarde’s speech on Wednesday, Mr. Baig said.</p><p>The pan-continental Stoxx Europe 600 fell 0.7%. Investors are awaiting inflation data for Germany in June which is set to go out at 8 a.m. ET.</p><p>Dutch food-delivery company Just Eat Takeaway.com tumbled 19% after the chief executive of its subsidiary Grubhub said a sale is not imminent. Swedish fashion retailer Hennes &amp; Mauritzrose 5% after reporting better-than-expected quarterly profit and beginning a share buyback program.</p><p>In premarket trading in New York, Pinterest climbed 5%. The company said its chief executive is stepping down and a Google commerce executive is taking over the top job. Cruise company Carnival fell 7%, accelerating its two-day decline spurred by a series of price target cuts by equity research analysts.</p><p>A final reading for U.S. gross domestic product in the first quarter is set to go out at 8:30 a.m. ET. Food manufacturer General Mills and retailer Bed Bath and Beyond are scheduled to post earnings on Wednesday morning.</p><p>Oil prices edged up. Global crude benchmark Brent added 0.4% to trade at $114.29 a barrel.</p><p>In Asia, most major benchmarks declined. The Shanghai Composite Index fell 1.4% and Hong Kong’s Hang Seng Index slipped<b>1.9%</b>. Japan’s Nikkei 225 retreated 0.9%.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. Stock Futures Edge Down Ahead of Central-Banker Panel</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\">\nU.S. Stock Futures Edge Down Ahead of Central-Banker Panel\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-06-29 18:44 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/articles/global-stocks-markets-dow-update-06-29-2022-11656487667?mod=markets_lead_pos1><strong>Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>U.S. stock futures ticked lower ahead of a panel of major central bank officials that is expected to provide insight into their views on the economy, inflation and the path of monetary policy.Futures ...</p>\n\n<a href=\"https://www.wsj.com/articles/global-stocks-markets-dow-update-06-29-2022-11656487667?mod=markets_lead_pos1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"VIX":"标普500波动率指数"},"source_url":"https://www.wsj.com/articles/global-stocks-markets-dow-update-06-29-2022-11656487667?mod=markets_lead_pos1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1132870652","content_text":"U.S. stock futures ticked lower ahead of a panel of major central bank officials that is expected to provide insight into their views on the economy, inflation and the path of monetary policy.Futures tied to the S&P 500 slipped 0.2% after the broad-market index closed down 2%on Tuesday. Nasdaq-100 futures ticked down 0.3%, pointing to muted losses for technology stocks after the opening bell.Both VIX and VIXmain rose around 1.5%.Gold sild 0,08% and reached $1819.7. Stocks have started the week on a shaky note as a series of data releases showed that higher prices are weighing on consumer sentiment. Investors remained concerned about central banks tightening policy too aggressively while fighting inflation and causing a recession. The S&P 500 is down more than 2% so far this week and remains in a bear market, closing down just over 20% from its latest peak on Tuesday.“We expect markets to tread water at best until we get a convincing signal that inflation has peaked. Our confidence in a soft landing has gone down even further and the market has headed that way as well,” said Arun Sai, a multiasset strategist at Pictet Asset Management.Leaders of major central banks will be speaking on a joint panel on Wednesday at 9 a.m. ET at the ECB’s forum in Sintra, Portugal, including Federal Reserve Chairman Jerome Powell, European Central Bank PresidentChristine Lagardeand Bank of England Gov. Andrew Bailey.The yield on the benchmark 10-year Treasury note edged down to 3.168% from 3.206% on Tuesday, reversing direction after three straight days of rises. Prices rise when yields fall. European government bonds rallied, with Italy’s 10-year yield declining to 3.506% from 3.514% the day before.“Investors were getting a little concerned that we would have a replay of the sovereign debt crisis. The ECB has reaffirmed that this is not going to be the case, they have a policy tool kit and can address that,” said Salman Baig, a multiasset investment manager at Unigestion.The market is positioning for more information about the ECB’s new”anti-fragmentation” tool, aimed at addressing uneven financial conditions across the bloc, ahead of Ms. Lagarde’s speech on Wednesday, Mr. Baig said.The pan-continental Stoxx Europe 600 fell 0.7%. Investors are awaiting inflation data for Germany in June which is set to go out at 8 a.m. ET.Dutch food-delivery company Just Eat Takeaway.com tumbled 19% after the chief executive of its subsidiary Grubhub said a sale is not imminent. Swedish fashion retailer Hennes & Mauritzrose 5% after reporting better-than-expected quarterly profit and beginning a share buyback program.In premarket trading in New York, Pinterest climbed 5%. The company said its chief executive is stepping down and a Google commerce executive is taking over the top job. Cruise company Carnival fell 7%, accelerating its two-day decline spurred by a series of price target cuts by equity research analysts.A final reading for U.S. gross domestic product in the first quarter is set to go out at 8:30 a.m. ET. Food manufacturer General Mills and retailer Bed Bath and Beyond are scheduled to post earnings on Wednesday morning.Oil prices edged up. Global crude benchmark Brent added 0.4% to trade at $114.29 a barrel.In Asia, most major benchmarks declined. The Shanghai Composite Index fell 1.4% and Hong Kong’s Hang Seng Index slipped1.9%. Japan’s Nikkei 225 retreated 0.9%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":103,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9948120771,"gmtCreate":1680653032594,"gmtModify":1680653036349,"author":{"id":"4118716590079382","authorId":"4118716590079382","name":"Jean0031","avatar":"https://community-static.tradeup.com/news/28f213a3cbe3bebc3ed79d122de1f59c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4118716590079382","authorIdStr":"4118716590079382"},"themes":[],"htmlText":"Thank you for organising this event!","listText":"Thank you for organising this event!","text":"Thank you for organising this event!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":2,"link":"https://ttm.financial/post/9948120771","isVote":1,"tweetType":1,"viewCount":78,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940140485,"gmtCreate":1677768642347,"gmtModify":1677768646319,"author":{"id":"4118716590079382","authorId":"4118716590079382","name":"Jean0031","avatar":"https://community-static.tradeup.com/news/28f213a3cbe3bebc3ed79d122de1f59c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4118716590079382","authorIdStr":"4118716590079382"},"themes":[],"htmlText":"Thank you for sharing","listText":"Thank you for sharing","text":"Thank you for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940140485","repostId":"1152493387","repostType":4,"repost":{"id":"1152493387","pubTimestamp":1677771047,"share":"https://ttm.financial/m/news/1152493387?lang=&edition=fundamental","pubTime":"2023-03-02 23:30","market":"us","language":"en","title":"Tesla Investor Day Falls Flat","url":"https://stock-news.laohu8.com/highlight/detail?id=1152493387","media":"Seeking Alpha","summary":"SummaryTesla announces new gigafactory will be located in Mexico.No $25,000 vehicle was shown off at","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Tesla announces new gigafactory will be located in Mexico.</li><li>No $25,000 vehicle was shown off at this event.</li></ul><p>On Wednesday, Tesla (NASDAQ: TSLA) held its highly anticipated Investor Day. Since the event was announced a few months ago, everyone has been waiting to hear about the company&#39;s next generation vehicle platform, as well as other items that will be key for shareholders going forward. Unfortunately, the event turned out to be more hype than anything else, and thus for TSLA stock, it was another &#34;buy the rumor, sell the news&#34; event.</p><p>Perhaps the biggest piece of news was that Tesla is indeed going to build another gigafactory, this time in Mexico. There have been rumors of this location for several weeks now, as local politicians have talked about it coming and various meetings with Tesla CEO Elon Musk have been reported. There was no timeline provided for this project, but this factory will be used for the next generation vehicle platform. It will be built just outside Monterrey in Nuevo León, with Tesla&#39;s official rendering seen below.</p><p><img src=\"https://static.tigerbbs.com/c6393fa0adf88ab0b5ee4f1d70947745\" tg-width=\"640\" tg-height=\"309\" referrerpolicy=\"no-referrer\"/></p><p>Tesla Gigafactory Mexico(Investor Day Presentation)</p><p>As was expected, Tesla&#39;s future plan is about the transitioning the world to sustainable energy. This came with a large math lesson, which can be seen here if you need to know the exact details. However, the keys involve powering the grid with renewable energy sources, increasing the number of electric vehicles in use, and reducing the extraction of minerals. On the EV side, Tesla believes its next generation vehicle can be produced for 50% less, which then will allow it to become more affordable. Part of the reduction in cost is making the production process much simpler. That reduces the time it will take to build the vehicle, which then can allow for higher production over time.</p><p>Investors and consumers had high hopes that Tesla would unveil its $25,000 vehicle at this week&#39;s event. This is a vehicle that Musk has teased for several years now, but it was not shown off here. Management said that this next generation platform will get a proper reveal in the future, but again, there was no timeline provided for when that will be. This more affordable vehicle is expected to be a key part of Tesla&#39;s battle in China against many local brands, so for now the company will be limited to the Model 3 and Y there.</p><p>In an article I had published recently, I discussed how previous statements around full self-driving (&#34;FSD&#34;) capabilities and robo-taxis could lead to significant liabilities for Tesla down the road. There were hopes that more concrete information would be delivered Wednesday about the robo-taxi platform and service, but we didn&#39;t get a lot of details outside of how FSD and Autopilot have improved over the years. There also wasn&#39;t a major discussion about FSD Hardware version 4 or whether or not it is in cars yet, so perhaps an official announcement about that will come in the coming weeks or months.</p><p>Tesla did use the event to show off its latest Cybertruck prototype and focused on some of its key features. Management reiterated that production will start this year, which will be about three years late. However, there was some disappointment that no official timeline was given, and Tesla didn&#39;t update on the price of the vehicle. Mass production won&#39;t occur until 2024 at the earliest, so investors shouldn&#39;t be banking on a major contribution to overall results in the next couple of quarters.</p><p>One of the biggest disappointments for shareholders in the near term was the financial discussion. Tesla CFO Zach Kirkhorn discussed how the company&#39;s working capital needs to bounce around throughout the quarter, and what the cost of this sustainable energy future will cost. As a result, there was no official announcement of a share repurchase plan that would at least offset some of the dilution investors are facing over time. This has been a key part of the bull case in recent months, with some major Tesla fans and investors pushing the company to put its large cash pile to use. For now, however, the plan is to build the business, and then return capital afterwards.</p><p>I have listened to many of Tesla&#39;s presentations and quarterly earnings calls, and this one was perhaps the most painful. The main presentation featured at least 10 key parts and was over two and a half hours long, and I counted at least 17 different executives that spoke. There was a lot of discussion about things that have already happened in Tesla, much of which I don&#39;t think needed to be regurgitated. For example, we didn&#39;t need to hear for a few minutes how a Tesla produces less emissions than a Toyota Corolla. The average investor doesn&#39;t need to know every single detail about how Tesla reacted to some event from several years ago or every last technical specification about certain vehicle components.</p><p>I mentioned that this event was another example of buy the rumor, sell the news. Tesla shares had more than doubled from their early 2023 lows, partially on the hopes for this week&#39;s event. Unfortunately, the lack of critical details on many fronts left investors with a sour taste. As the chart below shows, selling in the after-hours session started almost immediately once the event started, ended with a loss of 5.66% or nearly $11.50 a share.</p><p><img src=\"https://static.tigerbbs.com/abb13f70716e3a9e527c26d3d92b0128\" tg-width=\"640\" tg-height=\"224\" referrerpolicy=\"no-referrer\"/></p><p>Tesla March 1st Trading (CNBC)</p><p>In the end, Tesla&#39;s Investor Day was more fluff than anything else. The company is certainly making progress on some of its goals, but investors wanted to hear more specific details about upcoming products, a potential buyback, etc. The presentation was just too long and wordy for the average investor, which may have fueled some of the selling in the after-hours session. Given the lack of key details, it wouldn&#39;t surprise me if there&#39;s more selling in the near term until Tesla opens things up a bit.</p></body></html>","source":"seekingalpha_fund","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>Tesla Investor Day Falls Flat</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\">\nTesla Investor Day Falls Flat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-02 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4583634-tesla-investor-day-falls-flat><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryTesla announces new gigafactory will be located in Mexico.No $25,000 vehicle was shown off at this event.On Wednesday, Tesla (NASDAQ: TSLA) held its highly anticipated Investor Day. Since the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4583634-tesla-investor-day-falls-flat\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4583634-tesla-investor-day-falls-flat","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152493387","content_text":"SummaryTesla announces new gigafactory will be located in Mexico.No $25,000 vehicle was shown off at this event.On Wednesday, Tesla (NASDAQ: TSLA) held its highly anticipated Investor Day. Since the event was announced a few months ago, everyone has been waiting to hear about the company's next generation vehicle platform, as well as other items that will be key for shareholders going forward. Unfortunately, the event turned out to be more hype than anything else, and thus for TSLA stock, it was another \"buy the rumor, sell the news\" event.Perhaps the biggest piece of news was that Tesla is indeed going to build another gigafactory, this time in Mexico. There have been rumors of this location for several weeks now, as local politicians have talked about it coming and various meetings with Tesla CEO Elon Musk have been reported. There was no timeline provided for this project, but this factory will be used for the next generation vehicle platform. It will be built just outside Monterrey in Nuevo León, with Tesla's official rendering seen below.Tesla Gigafactory Mexico(Investor Day Presentation)As was expected, Tesla's future plan is about the transitioning the world to sustainable energy. This came with a large math lesson, which can be seen here if you need to know the exact details. However, the keys involve powering the grid with renewable energy sources, increasing the number of electric vehicles in use, and reducing the extraction of minerals. On the EV side, Tesla believes its next generation vehicle can be produced for 50% less, which then will allow it to become more affordable. Part of the reduction in cost is making the production process much simpler. That reduces the time it will take to build the vehicle, which then can allow for higher production over time.Investors and consumers had high hopes that Tesla would unveil its $25,000 vehicle at this week's event. This is a vehicle that Musk has teased for several years now, but it was not shown off here. Management said that this next generation platform will get a proper reveal in the future, but again, there was no timeline provided for when that will be. This more affordable vehicle is expected to be a key part of Tesla's battle in China against many local brands, so for now the company will be limited to the Model 3 and Y there.In an article I had published recently, I discussed how previous statements around full self-driving (\"FSD\") capabilities and robo-taxis could lead to significant liabilities for Tesla down the road. There were hopes that more concrete information would be delivered Wednesday about the robo-taxi platform and service, but we didn't get a lot of details outside of how FSD and Autopilot have improved over the years. There also wasn't a major discussion about FSD Hardware version 4 or whether or not it is in cars yet, so perhaps an official announcement about that will come in the coming weeks or months.Tesla did use the event to show off its latest Cybertruck prototype and focused on some of its key features. Management reiterated that production will start this year, which will be about three years late. However, there was some disappointment that no official timeline was given, and Tesla didn't update on the price of the vehicle. Mass production won't occur until 2024 at the earliest, so investors shouldn't be banking on a major contribution to overall results in the next couple of quarters.One of the biggest disappointments for shareholders in the near term was the financial discussion. Tesla CFO Zach Kirkhorn discussed how the company's working capital needs to bounce around throughout the quarter, and what the cost of this sustainable energy future will cost. As a result, there was no official announcement of a share repurchase plan that would at least offset some of the dilution investors are facing over time. This has been a key part of the bull case in recent months, with some major Tesla fans and investors pushing the company to put its large cash pile to use. For now, however, the plan is to build the business, and then return capital afterwards.I have listened to many of Tesla's presentations and quarterly earnings calls, and this one was perhaps the most painful. The main presentation featured at least 10 key parts and was over two and a half hours long, and I counted at least 17 different executives that spoke. There was a lot of discussion about things that have already happened in Tesla, much of which I don't think needed to be regurgitated. For example, we didn't need to hear for a few minutes how a Tesla produces less emissions than a Toyota Corolla. The average investor doesn't need to know every single detail about how Tesla reacted to some event from several years ago or every last technical specification about certain vehicle components.I mentioned that this event was another example of buy the rumor, sell the news. Tesla shares had more than doubled from their early 2023 lows, partially on the hopes for this week's event. Unfortunately, the lack of critical details on many fronts left investors with a sour taste. As the chart below shows, selling in the after-hours session started almost immediately once the event started, ended with a loss of 5.66% or nearly $11.50 a share.Tesla March 1st Trading (CNBC)In the end, Tesla's Investor Day was more fluff than anything else. The company is certainly making progress on some of its goals, but investors wanted to hear more specific details about upcoming products, a potential buyback, etc. The presentation was just too long and wordy for the average investor, which may have fueled some of the selling in the after-hours session. Given the lack of key details, it wouldn't surprise me if there's more selling in the near term until Tesla opens things up a bit.","news_type":1},"isVote":1,"tweetType":1,"viewCount":63,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9956820746,"gmtCreate":1673967379085,"gmtModify":1676538909945,"author":{"id":"4118716590079382","authorId":"4118716590079382","name":"Jean0031","avatar":"https://community-static.tradeup.com/news/28f213a3cbe3bebc3ed79d122de1f59c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4118716590079382","authorIdStr":"4118716590079382"},"themes":[],"htmlText":"Thank you for organising the event","listText":"Thank you for organising the event","text":"Thank you for organising the event","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9956820746","isVote":1,"tweetType":1,"viewCount":143,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9991296474,"gmtCreate":1660835864399,"gmtModify":1676536408177,"author":{"id":"4118716590079382","authorId":"4118716590079382","name":"Jean0031","avatar":"https://community-static.tradeup.com/news/28f213a3cbe3bebc3ed79d122de1f59c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4118716590079382","authorIdStr":"4118716590079382"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991296474","repostId":"1154624575","repostType":4,"repost":{"id":"1154624575","pubTimestamp":1660875576,"share":"https://ttm.financial/m/news/1154624575?lang=&edition=fundamental","pubTime":"2022-08-19 10:19","market":"us","language":"en","title":"Inside Crypto’s Largest Collapse with Terra's Do Kwon","url":"https://stock-news.laohu8.com/highlight/detail?id=1154624575","media":"Coinage","summary":"Three months ago, Do Kwon was a multi-billionaire on paper. He had a million followers on Twitter. A","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/8924c127191fc1ede7d88ee41d029968\" tg-width=\"3840\" tg-height=\"2160\" referrerpolicy=\"no-referrer\"/></p><p>Three months ago, Do Kwon was a multi-billionaire on paper. He had a million followers on Twitter. And he commanded a sprawling crypto empire nearing $100 billion in value, which had seemed to explode from obscurity to ubiquity overnight.</p><p>If there were a Mt. Rushmore of crypto, Kwon’s face would have been half-chiseled into stone by May of this year. And one of those faces would have been an anonymous slab in a hoodie, so that’s saying something. His algorithmic stablecoin “UST,” created by his company Terraform Labs (TFL), had crypto’s most coveted investors lining up to give him their money.</p><p>The Terra ecosystem’s astronomical growth was unprecedented. If it survived the crucible of early adoption, it was poised to become the backbone of the entire decentralized economy — “crypto’s reserve currency,” as the pitch tended to go. UST would do this by performing one deceptively simple job: always be worth one dollar, and in doing so, give crypto a less volatile medium of exchange than standard bearers like bitcoin.</p><p>To keep UST’s price steady, Kwon designed a companion coin, LUNA, which he programmed to have a balancing effect on UST’s price. If demand for UST went up or down, then Kwon’s algorithm would adjust the supply of LUNA accordingly, until market forces drove UST back to $1. Zoom all the way out, and if UST maintained that dollar peg long enough, then Kwon would become the man at the center of the coin at the center of a multi-trillion dollar industry.</p><p>And he wasn’t shy about his breakneck success. He might have been a versatile engineer, but shame was not in his repertoire. Some of his tweets could make Elon Musk blush: He referred to his critics as “poors.” He mocked journalists and taunted regulators. And he danced on the graves of his competitors with palpable delight.</p><p>He made a show of walking the walk, too — his wardrobe of a half-dozen faded t-shirts made Zuck look like a fashionista, and his upright, 6’2” frame exuded the confidence of a fox in a henhouse. At the age of 30, he played the part of wunderkind visionary with more panache than a hype man at a Cupertino keynote.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/1c2d9d89ce74ca3fc4a1e6dba2e24add\" tg-width=\"3840\" tg-height=\"2160\" referrerpolicy=\"no-referrer\"/><span>Do Kwon, founder of Terraform Labs, sits down for an exclusive interview with Coinage at his company&#39;s office in Singapore.</span></p><p>From the outside, success at such a dizzying scale always has a way of feeling like it happens overnight. One day, you’ve never heard of the smirking Stanford grad from South Korea; the next, he’s everywhere — a force that must be reckoned with anywhere that crypto must be reckoned with. But behind the scenes, Kwon had been quietly laying the groundwork for his meteoric rise for nearly five years. From the comfort of his keyboard, he’d created a new blockchain, invented a new currency, and raised a small and fiercely loyal army of developers (you can’t launch a financial revolution without revolutionaries, of course). In crypto these days, that means shooting the shit under pseudonyms on Discord, parlaying with hackers on Telegram, and reeling in institutional investors one by one, until blue-chip billionaires start getting FOMO and maneuver to dive in headfirst.</p><p>Skeptics could always nitpick, but from afar, everything in Kwon’s playbook didn’t just look like it was going to plan — at every turn, he seemed to exceed expectations. He also made a habit of putting his money where his mouth was, and his family’s legacy too: when he and his wife welcomed their first child in April, they christened her Luna. “My dearest creation named after my greatest invention,” he<u>announced</u>on Twitter. To say he was all in was an understatement. He actively positioned himself to either go down as a genius or an egomaniac. Or just as likely, both.</p><p>But that was Kwon’s great appeal as a salesman: Bold, brash, and brilliant, a man who was untouchable in all the most entertaining ways. His legion of followers called themselves LUNAtics. Analysts called him the most important man in crypto. At least one of those billionaire backers went so far as to get a regrettable LUNA tattoo. His cockiness? All in good fun, and proven out by the numbers. His caginess? A great man need not suffer fools nor haters — in online discourse, there’s no such thing as too clever by half.</p><p>So it was little surprise his investors hailed from all over the world, united by the Big Idea at the heart of Terra’s triumph: “A decentralized economy needs decentralized money.” Or put another way, for those who haven’t been crypto-pilled: For crypto to work, UST-LUNA has to work. And it will only work if enough of us trust that it will.</p><p>But then one day, it didn’t.</p><p>With breathtaking speed, Terra’s fairytale rise would prove too good to be true — and would only be outdone by the nightmarish theatrics of its fall. Over one week in May, the market’s trust in Do Kwon went to zero, and UST cratered with it as LUNA crashed back to Earth. By month’s end, over $45 billion had evaporated from Terra’s ecosystem, and<u>more than $80 billion</u>from all crypto markets in the fallout. Just like that, Kwon’s empire had crumbled to dust.</p><p>In the hazy aftermath, investors who watched their life savings disappear have been left with more questions than answers. Lives have been ruined, fortunes lost, and there have been reports of suicides. Meanwhile, Kwon and his company are now the subjects of multiple class-action lawsuits, and some in the press have dubbed him “crypto’s Elizabeth Holmes.” Last month, investigators in Korea raided the home of his co-founder Daniel Shin. And as authorities build a possible case against Terraform Labs in Kwon’s home country, his employees attached to the project have been put on Korea’s no-fly list.</p><p>But Kwon hasn’t been in Korea for months — he’s in Singapore, still trying to process exactly how everything went so bad, so fast. He meets me in a casual hot pot joint near his office, wearing shorts and knockoff Birkenstocks to survive the unyielding heat of a Singapore summer. Everywhere I look, something’s reaching a boiling point.</p><p>I’d been chasing this interview for three months now, since the week of Terra’s collapse. So had others, Kwon tells me. The New York Times, The Wall Street Journal, even a couple Netflix documentaries. When Kwon finally agreed to go on the record, I took the first flight out from New York I could get.</p><p>As a reporter, there is little more terrifying than the sense you may be too close to a story; this one requires more disclosures than any I’ve reported in my life. When Kwon was at the pinnacle of his powers last year, Terraform Labs became an investor in Coinage’s parent company. Meanwhile, I had previously bought UST and LUNA tokens, and held both all the way through the crash. Which is to say: I lost almost everything that week as well. On several occasions over those fateful few days, I’d even passed up the chance to hedge my bets, because, like hundreds of thousands of others, I believed in what Terra was building, and believed Kwon when he said it would work.</p><p>To be sure, I had only myself to blame for my investment choices — indeed, I knew Terra’s risks better than most. Or at least, I liked to think I did. It’s one thing to buy the dream, another to live the reality. And somewhere in the shuffle, I’d lost a small fortune literally buying what Kwon had been selling.</p><p>That’s why I don’t see it coming when Kwon throws back the last of his drink, as exhausted as I’ve ever seen him, and hits<i>me</i>with a question before he’ll start leaking answers: “What would you have done differently?”</p><p>Well, if we’re going there — where to begin?</p><h2><b>Day 1: 99 Cents</b></h2><p>The trade was perfectly timed. An anonymous actor, or<u>possibly two</u>, knew exactly how and when to strike against Kwon’s miracle machine. To many, its algorithm appeared invincible — it had just catapulted Terra from far-flung message boards to one of crypto’s top 10 projects by market cap, after all. But behind the curtain, if you knew where to look, there lurked a glaring flaw.</p><p>Unlike other stablecoins, which are designed to be backed by cold hard cash, UST was “algorithmic,” which meant that it had no such<i>real</i>backstop in the physical world. This approach was riskier, sure. But it also meant that if Terra was successful, crypto would finally have a reliable currency that was truly and completely independent of the old financial system.</p><p>So instead, UST kept its $1 peg through its algorithm, allowing users to freely trade between UST and LUNA. In effect, buying LUNA was a pure bet on the adoption of UST: The more people bought UST, the more LUNA the algorithm would burn to keep UST at $1. And that would in turn drive up the price of LUNA. In a market as complex as crypto’s, Kwon’s masterstroke was a tantalizingly simple investment thesis — if you thought UST’s use would continue to grow, then you bought LUNA. So, I bought LUNA.</p><p>As recently as 2021, LUNA was trading for as low as 63 cents. At its peak in April of this year, it was going for $119. The day before everything went to hell, it was still sitting comfortably near $80.</p><p>And just as designed, as LUNA soared, UST stayed stable. Until it didn’t.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c4aeab6f3109ce798595f9f4ac111456\" tg-width=\"3840\" tg-height=\"2025\" referrerpolicy=\"no-referrer\"/><span>Do Kwon working from Terraform Labs&#39;s office in Singapore.</span></p><p>On the night of May 7, 2022, Terraform labs executed an unannounced transfer of funds between trading pools. Thirteen minutes later, the untraceable traders pounced on this brief window of vulnerability, selling off nearly $200 million worth of UST at the exact same time.</p><p>“I was in Singapore,” Kwon recounts from his noticeably sparse downtown office. “I woke up in the morning and the Curve pool was imbalanced because somebody had done a very large trade … Twitter was alight with speculation about UST. And my first reaction is, you know, this has happened before … I talked to a few people on Twitter, I got back to a few Telegram messages and, you know, didn&#39;t take too much action at that point.”</p><p>As more and more UST was swapped out for other currencies, the trading pool became unbalanced, which caused the value of UST to wobble from $1 to 99 cents. Which might not sound like a lot, on its face. But again, UST only had that one job:<i>always be worth one dollar</i>. No more, no less.</p><p>The wobble quickly caught the attention of traders. “The sentiment on Twitter started to get worse,” Kwon recalls, putting it lightly. “And then there started to be more people that were trading against the Curve pools.” In an attempt to allay fears, Kwon brusquely<u>took to Twitter</u>, where he goes by @stablekwon: “Anon, you could listen to [Crypto Twitter] influensooors about UST depegging for the 69th time. Or you could remember they’re all now poor, and go for a run instead.”</p><p>But behind the scenes, the situation was more complicated than he was letting on. His executive team was out of commission at the time of the attack — they were all up in the air, en route to Singapore for a quarterly summit at Terraform’s headquarters. Looking back, Kwon believes that this confluence of events feels like too much of a coincidence. The timing of the decisive fund transfer and the movements of his advisors were both inside information. In his view, there must have been a leak in his office.</p><p>“The only people that knew that were TFL employees,” Kwon admits when I press him on whether the timing seems more than mere happenstance. His manner of speech is littered with cliffhanger pauses, like he’s stress-testing tomorrow’s news in his head. “So if you&#39;re asking me whether there was a mole at Terraform Labs, that&#39;s probably &#39;yes&#39;.”</p><p>But as he takes care to repeatedly reiterate, this was not the first time that UST had wobbled — it had dipped to 99 cents a few times before, even once briefly dropping below 90 cents the year prior, before quickly regaining its dollar peg. To an “algo stable” veteran, this was just the system working as designed.</p><p>But this time was different because the stakes for Terra were different. And now that its peg was suddenly in question, long-simmering concerns about its viability erupted to the fore.</p><p>In the blood rush of a bull market, it could be easy to forget that UST’s success was always going to be an uphill battle: Every large algorithmic stablecoin that had ever been sold on the open market had eventually crashed to pennies on the dollar. Some were poorly designed, others ineffectively managed. But across the board, all had failed to achieve what lasting success would inevitably require — a real economy of users making purchases with the stablecoin, and the size and scale to justify having one.</p><p>Simply put, for Terra to stand the test of time, yes, UST had to be worth $1. But the real question was, if you had a dollar, why would you want to hold it in UST? To survive in the long run, Terra had to convince us that UST was the best currency on offer — that it was even a better bet than those greenbacks stuffed under our mattresses. So Kwon sought to make his stablecoin attractive not only to crypto insiders already deep in the burgeoning ecosystem of decentralized finance (more commonly known as DeFi), but also to everyday consumers who had no interest in toppling the global economy’s status quo, and just wanted money that was easy to spend.</p><p>On this count, Kwon and his co-founder Shin had an ace up their sleeve: they’d already founded Chai, a digital payments startup that was doing big business in Korea. Chai let people use UST to make purchases without even realizing they were trafficking in crypto — seamless, convenient, and straightforward, not unlike PayPal in the States. The idea that a cryptocurrency was being used in the real world to buy everyday goods was a breakthrough selling point for Terra — it’s what first caught my eye about the project, and what made it stand out from countless rivals. When push comes to shove, the most powerful currencies in crypto have always been legitimacy and trust. And as Chai took off in Korea, Terra had an undeniable competitive advantage.</p><p>But even so, in 2019, growth across the industry slowed to a crawl, and Kwon struggled to hook deep-pocketed investors. &#34;We tried to do another fundraise for Terra in the middle of 2019,” he tells me, arms crossed as he looks out over the Singapore skyline — a grayscale view, perpetually under construction. “And the market was really bad. We actually managed to raise $0.” It was around this time that Kwon bought out Shin’s ownership stake in Terra, leaving Shin free to work on developing Chai on his own.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a1e39ae9b4a01a9803de05a3d20df942\" tg-width=\"3840\" tg-height=\"2160\" referrerpolicy=\"no-referrer\"/><span>&#34;In retrospect, if you were to ask me whether the manner in which some of these comments were conveyed was cringe, yes.&#34;</span></p><p>In the meantime, Kwon had to look elsewhere to jumpstart his nascent economy. His big break would come in March 2021, with the launch of Anchor Savings Protocol — effectively, an automated bank built on Terra’s blockchain. The sales pitch was simple: Deposit your UST stablecoins in Anchor, and it would automatically give you a fixed annual interest rate of nearly 20%.</p><p>As DeFi users flocked to Anchor’s sweetheart rate in droves, LUNAtics began forming communities around the ecosystem. At its peak, over $17 billion was locked in the Anchor protocol, which<u>represented</u>over 70% of UST in circulation. In the process, Anchor rocketed Terra toward the size it would need to become too big to fail — but at the same time, it would also require Kwon to perform the high-wire act of keeping money flowing into the system. The catch was that the 20% yield was not sustainable on its own. (There’s a reason most traditional banks only offer around 1 or 2% interest, and even other stablecoins were dangling rates only half as high).</p><p>But Kwon doesn’t cede an inch on his decision-making here, arguing that he was in fact extremely conservative in his posturing. “The internal consensus of what people wanted to do with the interest rate was several thousand percent APR with Anchor in the beginning,” he counters when I suggest he was asking for trouble. “This was still when DeFi yields were in full bloom, and there were tons of DeFi launches that were targeting stablecoin deposits, offering several hundred percent APRs, several thousand percent APRs.”</p><p>Whatever the points of comparison, the simple fact remains: Anchor wasn’t profitable enough to sustain its 20% yield on its own. As a result, the protocol was reliant on regular cash injections from Terraform Labs to keep the payments flowing. When the anonymous traders struck on May 7, Anchor’s runway was down to only 45 days before it would need another injection of cash. And because this was all playing out on a transparent blockchain,<i>anyone</i>could see the end of the road looming there on the horizon. When a Terra community member proposed a $1 billion top-up in April, Kwon coyly replied: “<u>Sounds low</u>.”</p><p>That’s what made<i>this</i>depegging unique in Terra’s short but stalwart history — by the time UST dipped to 99 cents at center stage, there were already whispers in the rafters, and depositors on Anchor were starting to eye the exits, ready to jump at any sign the protocol might be headed for insolvency. Should that exodus grow from a trickle to a flood, it would risk a death spiral for the currency — akin to a modern-day digital bank run. The May 7 price wobble was precisely the sort of event that makes trigger-happy investors question their assumptions. Meanwhile, Kwon’s critics had been warning of just such a scenario for months.</p><p>But Kwon was prepared for a situation like this — or so he thought. “I’m up  —  amusing morning,” began that same tweet that stuck it to the haters and poors.</p><p>By his own accounting, he would not sleep again for eight days.</p><h2><b>Day 2: $1</b></h2><p>Kwon’s strategy to prevent a death spiral boiled down to the Luna Foundation Guard, a non-profit entity Terra launched in early 2022. Its initials, LFG, double as shorthand for the millennial rallying cry “Let’s Fucking Go.”</p><p>Through LFG, which was staffed with friendly faces from the Terra community, Kwon bought billions of dollars of other cryptocurrencies, mostly Bitcoin, to help prop up UST’s peg during times of turmoil. At its peak, LFG had over<u>$4 billion in reserves</u>, and Kwon had ambitions to grow that number to $10 billion — by some estimates, enough to make LFG the second largest holder of Bitcoin behind its anonymous creator.</p><p>To investors, Kwon billed the creation of LFG as a diplomatic move, meant to build bridges between Terra and other heavyweight blockchains across crypto. “We felt that by adding multiple different types of collaterals, starting with Bitcoin, UST had a real chance to become the decentralized money for all of crypto,” Kwon argues. “Because as UST grows, it’s backed by the economy of all the different chains on which it’s powering apps.”</p><p>Or <u>as he put it</u> more bluntly a few months earlier, before the bottom fell out: With crypto’s other powerhouses bought into Terra’s success, the failure of UST would be “equivalent to the failure of crypto itself.” If Kwon went down, then the whole space would go down with him. The very definition of <i>too big to fail.</i></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/11dbe061a81f8876f284e6cf12827852\" tg-width=\"3840\" tg-height=\"2160\" referrerpolicy=\"no-referrer\"/><span>“You cannot be emotional about markets, right? Markets are dispassionate, and they move the way that they will.&#34;</span></p><p>And so, just before midnight on Sunday, May 8, as sell pressure on UST was mounting, Kwon set Plan A into motion: He began deploying $1.5 billion worth of LFG’s funds to stave off UST’s wobble. From his team’s war room in his Singapore office, Kwon once again<u>flaunted</u>on Twitter just how unfazed he was: “Those of you waiting for the earth to become unstable - I&#39;m afraid you will be waiting until the age of men expires.”</p><p>At least publicly, then, Kwon was his usual confident self. But he also had to be — any sign of weakness would suggest there was good cause to panic. So he tweeted “pegging” jokes, traded barbs with his critics, and generally acted how an overconfident founder would. When I ask him about his use of Twitter throughout Terra’s run, Kwon sits with the question before answering. “I think I developed an entertaining alter ego to match the community that I was engaging with. In retrospect, if you were to ask me whether the manner in which some of these comments were conveyed was cringe, yes.”</p><h2><b>Day 3: 69 cents</b></h2><p>On May 9, UST lost its peg for the second time. Almost immediately, Kwon’s reserves gambit — dipping into Bitcoin to cover his own currency’s slide — spectacularly backfired.</p><p>Instead of breathing a collective sigh of relief at UST’s return to $1, the market panicked at<i>how</i>it had gotten there: The whole point of UST-LUNA’s system was that it was supposed to be self-sufficient. The idea that it needed to tap into reserves of outside currencies seemed to undercut that foundational premise. And once again, those reserves were transparently finite — if they were necessary in times of crisis, then what happened if they ran out, too? If you have to ask the question in the stablecoin world, then you already have your answer. The market’s fears of a second depegging became a self-fulfilling prophecy. Not trusting the price to hold, investors rushed to get out while they could — and all those deployed Bitcoin reserves became their exit liquidity.</p><p>As Kwon dumped his rainy day fund on crypto exchanges, hoping to beat back the wave of sellers who were driving down UST’s price, he couldn’t bail himself out fast enough. With the loss of confidence in UST, the price of LUNA began to plummet too, falling from $61 to $27 by day’s end. And the lower the price dipped, the bolder short sellers became, driving down the price further yet — a vicious cycle that Kwon was all but helpless to reverse. Investors couldn’t refresh their screens fast enough; many were unable to cash out as they watched their savings evaporate. Billions were now exiting Anchor by the hour. The death spiral had begun in earnest.</p><p>Naturally, all eyes turned to @stablekwon for answers. But Kwon, who’d been tweeting memes, challenging critics, and<u>declaring</u>“I love chaos” over the past two days, had grown curiously — worryingly — silent. When UST’s price landed at 69 cents, not even Kwon was laughing.</p><p>A full twelve hours after he’d tweeted about LFG’s decision to deploy the $1.5 billion in capital  —  an eye-popping number that would rise to $2.5 billion by day’s end  —  he finally <u>resurfaced</u> with five words that would change countless lives, my own included:</p><p>“Deploying more capital - steady lads.”</p><h2><b>Day 4: 72 cents</b></h2><p>I was a lad. I held steady. I would swiftly pay the price.</p><p>Since it was my job to report on markets, I first came to crypto by way of traditional finance: What would this new technology disrupt, and what actually needed disrupting? Like any inventive frontier, the space had no shortage of provocative ideas in its early years. But time and again, their execution left much to be desired. Scams and frauds aside (of which, yes, there are still all too many), the industry had a preternatural talent for building the very traps it claimed it was here to escape. Like centralized economies, for one: The point of DeFi was to cut out traditional middlemen. But DeFi needed stablecoins to keep the wheels greased, and all those stablecoins were centralized.</p><p>If we’re being ungenerous, we’d call this hypocrisy. But more often, it was just a case of brass-tacks reality catching up to those airy ideals. Because yes, for digital economies to flourish, you needed digital reserve currencies. And for digital reserve currencies to flourish, you needed people to believe they were stable. And what did people believe was stable? The U.S. dollar. And so you’d end up right back where you started.</p><p>But then came Terra: Actually decentralized. Actually used in the real world on Chai. The spitting image of what a functional decentralized currency was actually supposed to look like. I reached out to Kwon for the first time in the spring of 2021. When I<u>interviewed</u>him for the first time, there was at least one question I felt still needed clearing up: How is this not a Ponzi scheme?</p><p>Yet, Kwon’s argument convinced me: A decentralized bank can make money all the ways that a “real” bank can, as long its currencies hold real value. And Terra’s did. Amidst the pomp of a bull market, precious few were raising concerns about Anchor’s high-yield runway. Every day, the ecosystem kept ballooning, proving Kwon’s adage that stablecoins have always been the crypto product with the best market fit. And a<i>decentralized</i>,<i>algorithmic</i>stablecoin? That wasn’t just market fit. It was the ground floor of an economic revolution: The fulfillment of crypto’s foundational mission.</p><p>All through that year and into the next, the market proved Kwon’s thesis right. So by the middle of that week in May, it wasn’t just my investment on the line. It was my conviction that decentralized economies were inevitable, and that Kwon knew how to build one better than anyone on Earth. Logic should have compelled me to hedge my bets to cover potential losses. Had I shorted when I had the chance, I’d have turned a ten-fold profit at the click of a button. But that would have been a bet against Kwon and everything Terra stood for. Markets might not be emotional, but one more disclosure: Sometimes, I am. So when Kwon told us to hold steady, assuring us he had the situation under control, that’s exactly what hundreds of thousands of us did. But UST did not.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/29b13142ce227142c1fd2722dc6854d9\" tg-width=\"3840\" tg-height=\"2025\" referrerpolicy=\"no-referrer\"/><span>“I just haven&#39;t found the words to describe what that feels like.&#34;</span></p><p>It was now Day Four of Kwon’s suddenly inescapable nightmare, and he was facing an immense amount of sell pressure from LUNA and UST holders looking to leave the ecosystem, and he was all too aware that LFG’s reserves were nearly depleted. He needed a Plan B, and fast.</p><p>“We decided that putting together additional capital so we’d have resources to be able to fight further would be the smart thing to do,” Kwon tells me, hands clasped on the table like a fallen saint come to repent. “So we started to put together a $2 billion round in the middle of the night. We called our existing investors in LFG. We called a lot of the friends that we had in the industry across multiple desks and large funds. And then, I think we were close to completing the book for that $2 billion round overnight.”</p><p>When I ask if he really pulled eight straight all-nighters, he cocks his head to think it over.</p><p>“So, seven nights. And then, I think I had one burrito.”</p><p>“A burrito?”</p><p>“One burrito. Half a burrito.”</p><p>Such is life with the weight of Terra on your shoulders. But now, “next level euphoric” at their progress in the war room, he once again took to Twitter, <u>declaring</u> he was “close to announcing a recovery plan for $UST. Hang tight.” Then, yet again, radio silence. It was one thing to secure verbal commitments, another for the money to hit the bank. Eight hours later, he reiterated that the plan was still in the works, <u>tweeting</u> “Getting close ... stay strong, lunatics.”</p><p>And then, the news leaked. The Block, an industry news site,<u>reported</u>that LFG was looking to raise fresh capital from large crypto investment firms in order to shore up UST. Kwon had planned to offer these investors a discount on LUNA, but the leak instantly obliterated the deal. “Once the news leaked, we started to see massive shorts pile up against LUNA,” he tells me with surprising equanimity. “So the value of the tokens that we were ready to sell just basically got decimated. It didn&#39;t make sense for people to participate in the round ... Good on [The Block], actually.”</p><p>“For ruining your round?”</p><p>“I mean, it’s all business, so. All good.”</p><p>This is a recurring theme in our conversations: “You cannot be emotional about markets, right? Markets are dispassionate, and they move the way that they will,” he muses. It’s not how I would react if I was sabotaged at the 11th hour on the most important day of my life, but what do I know? “There are probably not too many people that are alive with this type of experience,” Kwon reminds me.</p><p>In the meantime, with LFG’s reserves depleted, and thousands of investors losing faith by the minute, all Kwon could do was watch as UST’s economy was wiped off the market. Even three months later, he’s still grasping to make sense of the moment he realized he’d lost control of the situation. “I just haven&#39;t found the words to describe what that feels like,” he tells me. “I just didn&#39;t think this would happen.”</p><p>Plan A had backfired. Plan B was up in smoke. And Plan C — convince the market to wait for a Plan C — was hurtling out of reach in live time. The mainstream media was starting to take notice as well; that very day, at a Senate Banking Committee hearing, U.S. Treasury Secretary Janet Yellen called out Terra’s unregulated bank run. (Though Kwon made a point of noting it wasn’t his “place to spell out conspiracy theories,” he couldn’t help but comment on the speed of Yellen’s remarks: “I’m surprised that they were able to put together material for her speech when the thing had started to happen just a few hours earlier.”)</p><h2><b>Day 5: 30 cents</b></h2><p>In the blink of an eye, UST’s peg now seemed a distant memory. LUNA, which had been trading at $80 just days ago, was now unthinkably hovering below $1.</p><p>Stepping back, it was now painfully apparent that tens of billions of dollars had been lost in the Terra ecosystem alone. And its collapse was already having ripple effects across DeFi too. In short order, it would<u>topple</u>a who’s who of<u>overzealous crypto hedge funds</u>, while driving away investors from crypto in droves. Within two months, $800 billion would be wiped off the industry&#39;s<u>total market cap</u>. Against the backdrop of a wider downturn, it&#39;d be unfair to say that Terra started the fire. But it certainly became the lighter fluid that ignited the blaze.</p><p>As market prices plunged to crushing lows, talk of crypto as one big Ponzi scheme was suddenly hitting record highs in mainstream coverage. In one sense, Kwon’s master plan was working like a charm: now that he was going down, all of crypto was going down with him. As backward as it sounds, the scale of the disaster may be our best yardstick for measuring what had been the scale of Kwon’s success.</p><p>Unsurprisingly, before UST was even dead and buried, some started calling Do Kwon the Elizabeth Holmes of Korea — a comparison he struggles with when I bring it up to him. In his view, Theranos lied about its blood testers, which never worked, whereas “[UST] was working beautifully throughout the entire history that it was, and the fact that it was working perfectly was visible in the order books, and was present in all the integrations in the open source and transparent manner of crypto. Until it stopped working.”</p><p>In other words, it worked until it didn’t. In crypto, an industry that is equal parts unregulated and unprecedented, it can be a slippery slope from failure to fraud. And while victims of the crash scavenged for answers as their savings vanished, only more questions emerged.</p><p>By now, the press had had a field day with Kwon’s infamous shitposting. His hubris was the journalistic definition of low-hanging fruit. So when allegations broke of a trail of lies and deceit, the reputational damage was catastrophic.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/8db332b051cd8c5b5933d6e4eb03b6d3\" tg-width=\"3840\" tg-height=\"2025\" referrerpolicy=\"no-referrer\"/><span>&#34;I mean, this was essentially my life. And I put my actions where my beliefs are. I bet big, and I think I lost.”</span></p><p>On May 11, with UST hanging on for dear digital life at 30 cents, CoinDesk reported that Kwon <u>had been involved</u> in a prior attempt to create an algorithmic stablecoin called Basis Cash — a failed project that Kwon himself had referenced as proof of why UST was better than anything else that had been on the market. The optics of him scrambling to salvage a<i>failing</i>stablecoin, while omitting his association with a<i>failed</i>stablecoin, would prove the nail in UST’s coffin.</p><p>Three months later — and likely three months too late — Kwon confirms to me for the first time that he was indeed the pseudonymous “Rick Sanchez” of the Basis Cash project, but distances himself from the title of co-founder.</p><p>In the cool reprieve of his unfurnished high-rise apartment, he’s teaching me the computer game<i>StarCraft</i>—his go-to method for stress relief — when he denies that Basis Cash was his idea alone. According to Kwon, five developers he’d hired to work on Anchor had come up with their own idea for an algorithmic stablecoin, which would be run on the Ethereum blockchain. (Everyone on the team had an alias ripped from the cult favorite cartoon<i>Rick and Morty</i>; Kwon’s character, Rick Sanchez, is a mad scientist whose inventions have a knack for spiraling out of control.)</p><p>“I helped them with the initial community building, talking on Telegram a little bit, talking in the voice of what Rick Sanchez would’ve sounded like,” he explains. “It started to do really well. I think the market cap far exceeded LUNA’s right after they launched. So they said, ‘All right, we&#39;re just going to run this.’ And they quit the company and then they started to run it solo.”</p><p>Naturally, critics and investors were quick to call out Kwon for not disclosing his part in the project. But he still sees it differently. “I think bringing the Basis mechanism to light and testing it, especially in a sandbox type of environment before DeFi became very large, was good. I think for a first effort, they did a lot of things right,” he tells me, before quickly adding that their efforts left much to be desired, and that he was critical of their choice to sell their tokens and abandon the project.</p><p>But as it turned out, the Basis Cash debacle was just the beginning of Kwon’s trust troubles.</p><h2><b>Day 6: 15 Cents</b></h2><p>When the system was working in normal times, UST could be freely swapped for LUNA and vice versa; that had always been how UST maintained its peg. But these were anything but normal times. The way the algorithm was designed, more LUNA would be printed to help reset the peg when it wobbled. Except now, the market dynamics were so out of balance that LUNA began printing at immeasurable rates. This led to extreme hyperinflation and the collapse in LUNA’s price.</p><p>LUNA was now so cheap  —  trading for less than one cent  —  that the validators physically running Terra’s blockchain began calling for it to be<u>halted</u>, citing threats to the system’s security. UST was trading at 15 cents when Kwon was left with no choice but to shut it down to prevent a governance attack. The great game was over. His dream was dead.</p><p>But if it sounds like his algorithm broke down in the end, that’s not exactly true — what broke was the economy built atop it. Even to the bitter end, as it tried to print infinite LUNA, Kwon’s algorithm worked exactly as designed.</p><p>The totality of the crash hit LUNAtics especially hard. Two of the top three posts on the /r/TerraLuna subreddit are still about suicide. In other posts, users grappled with the magnitude of the crash as it unfolded (a typical<u>title</u>: “My brain can’t process this is happening for real”). And thoughts on Kwon’s handling of the crash read like a communal diary of spiraling sentiment. One day, he’s a mastermind who knows exactly what he’s doing. The <u>next</u>, “Do Kwon&#39;s arrogance was Terra&#39;s downfall.”</p><p>The blowback was sudden and unsettling. Kwon’s only two requests for our interview were that I avoid filming the faces of his employees or the location of his office, due to the flurry of death threats he’d received. By day six of the crash, a man had broken into his family’s apartment complex and rung their doorbell, forcing his wife to request <u>emergency protection</u> from Seoul police.</p><p>Kwon doesn’t deny that the collapse of Terra caused incalculable pain. “It was brutal,” he tells me. And he counts himself among the victims, claiming to have lost most of his net worth in the crash. “I don&#39;t want to seem like my losses are larger in terms of emotional impact compared to people that had less to go on and then put [in] their entire life savings and then the Terra system went down. But I just want to make it perfectly clear that the way that I thought about Terra and Luna was — I mean, this was essentially my life. And I put my actions where my beliefs are. I bet big, and I think I lost.”</p><p>He’s cagey about where his net worth now stands, a number that would be admittedly difficult to verify. Since crypto wallets start out anonymous, he could always ostensibly be hiding profits in wallets unknown to the public. “The reason why I didn’t want to advertise my wallet addresses is, number one, it&#39;s not going to work. People will just say I have more wallets, right?”</p><p>But he’s unflinching when he asserts he made nothing off UST’s collapse. “I’ve never shorted a cryptocurrency in my life, let alone UST.” And he says that his wife, who runs a Korean hot sauce company, held her own coins “all the way down.” How does she feel about these past few months? As Kwon quotes her telling him, “One of the best and worst things about you is that you go all in on everything.”</p><p>Try as I might to get a number out of him, he declines to elaborate on how much “all in” means in financial terms. “One of the jokes that people tell each other when markets turn bad is [that they’re] ‘down bad’ or ‘down horrendous,’” he says with a wistful smile. “And the word that I use to describe what happened here is ‘down infinite.’”</p><p>So there was no getting around it now: Terra had failed, in plain sight and for all to see. The fatal flaws in Anchor and LFG’s reserves plan were now readily apparent. As it so often does, the market had eaten its own. But as crowdsourced autopsies of Terra’s ecosystem began in earnest, and Kwon’s legal team walked out, an alarming array of red flags seemed to pop up everywhere investors looked.</p><h2><b>Day 90: Down Infinite</b></h2><p>In June, about a month after the collapse, the Wall Street Journal<u>reported</u>that Chai — the real-world use case that Kwon frequently touted as evidence of Terra’s mainstream adoption — had, in fact, ceased its use of UST by the end of 2021. Kwon was still listing the Chai relationship as a selling point as late as March 23, 2022, when he <u>brought it up</u> as a reason to be bullish about Terra on the Pomp Podcast, hosted by crypto investor Anthony Pompliano.</p><p>Kwon assures me he didn’t know that Chai’s usage had been discontinued when he made those claims. “We should have known better about how all of our different products were being used in different places like that,” he concedes.</p><p>Which may well be true. But, put in context, it’s a revelation that seems interesting. Kwon helped found Chai with Daniel Shin. He had sat on Chai’s board. And what’s more — Shin was even the officiant at Kwon’s wedding. That Kwon would not have been aware of Chai’s decision requires a leap of faith.</p><p>Yet, Kwon remains adamant when I press him: “By that point, other things in Terra were so large that I just wasn&#39;t paying attention to Chai very much. But that&#39;s definitely one of those things that we should have picked up on.”</p><p>What Kwon knew and when will be a central question of any investigation into Terra’s collapse. The <u>legal definition</u> of fraud is the deliberate misrepresentation of facts as they’re known at the time, with the intent of inciting people to actions they otherwise would not take and causing harm. Well, the Chai use case was what attracted me to the Terra ecosystem in the first place — had I known the deal was dead, would I have exited my investment before or during the crash?</p><p>Kwon, for one, doesn’t think so. In his mind, Terra was already a sure thing by that juncture, with or without Chai. “I think just psychologically, I had moved on from Chai as a use case, because that business wasn&#39;t growing, whereas, you know, there were dozens of different things that were being built on top of Terra. Tons of integrations like Anchor and Mirror were increasing in usership and things like that.&#34;</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/57328367830b1d54c3a76ed16fba5107\" tg-width=\"3840\" tg-height=\"2025\" referrerpolicy=\"no-referrer\"/><span>&#34;I think what I spend time doing over the next 20 years is going to be more meaningful than what happened over the last six weeks.&#34;</span></p><p>In case you didn’t think there were enough twists and turns in Kwon’s tale: Mirror was an unregulated copy of the stock market built atop Terra’s blockchain, which inevitably got Kwon subpoenaed by the U.S. Securities and Exchange Commission. In a cavalier Kwon comeback, he responded by<i>suing the SEC</i>for improperly issuing the subpoena. There’s poking the bear, and then there’s challenging the bear to a fistfight.</p><p>At this point, the SEC may be the least of Kwon’s problems. Among the various agencies around the world looking into all things Terra, Korean prosecutors have thus far been the most aggressive. But Kwon says he plans to cooperate when the time comes.</p><p>“In terms of dealing with due process, it&#39;s not a question of what you are prepared to face, it’s a question of how you are going to face them. So what we&#39;re going to do is we&#39;re just going to put out the facts as we know them,” he tells me with trademark confidence.</p><p>When I ask him how he defines fraud, he pauses so long, I feel like I’m the one who might be in trouble. “Well,if you knew something that wasn&#39;t true, and then you argue that that was true for personal enrichment or whatever purpose that might be, then that&#39;s fraud, right?” Pretty spot on, off the cuff. “I think it boils down to a question of whether you wanted to do the right thing.”</p><p>But of course, many investors in Terra are no longer taking Kwon at his word. A number of former Terra users, including one of the loudest, have accused him of<u>extracting $2.7 billion</u>from Terra’s reserves, a claim Kwon<u>flatly denies</u>. “In terms of how much UST [exchanges] were able to buy back, it matches the amount of Bitcoin that we gave them,” he points out. The blockchain may be built for transparency, but that has rarely made the whole truth any easier to find.</p><p>Other allegations, Kwon has little trouble swatting down. Some news organizations reported on the existence of Flexi Corp, a Korean shell company linked to Kwon. With a wave of his hand, he explains that Terraform Labs had three subsidiary corporations in Korea, including Flexi Corp, but when he moved operations to Singapore before the crash, he “wound that entity down.” Other questions have been raised about how much money Terraform Labs was spending on operations through an effort called<u>Project Dawn</u>; of the three million LUNA it let the company unlock per month, Kwon says the coins “were used to meet our obligations to investors and employee vesting. And once again, none of that went to me.”</p><p>In the meantime  —  and as ever in crypto  —  those Ponzi claims continue to linger. In one sense, the argument that Terra was just one big elaborate Ponzi scheme is simple: Anchor promised fixed 20% returns for everyone who bought into the ecosystem. When that became unsustainable, everything crashed.</p><p>On the other hand, this kind of “Ponzi-nomics” has long been actively debated in the crypto sphere. Plenty of traditional businesses use VC cash to subsidize everything from free lunches and taxi rides to subscriptions and movie tickets in order to gain a loyal customer base, raising prices or reducing benefits once they’ve established themselves as an essential part of our lives. Terra was arguably doing the same by subsidizing Anchor, and it worked as intended for years. Until, of course, it didn’t.</p><p>For what it’s worth, Kwon makes a point of accepting responsibility for the crash. “I, and I alone, am responsible for any weaknesses that could have been presented for a short seller to start to take profit. The blame is on the person that presented those vulnerabilities in the first place,” he said. “That’s me.”</p><p>Even so, that likely won’t satisfy the Korean justice system, which also appears intensely interested in making sense of Terra’s collapse. In between my two days of interviews with Kwon in Singapore, Korean authorities <u>raided his cofounder Daniel Shin’s home</u>, as well as Korean cryptocurrency exchanges that held UST-LUNA on the books.</p><p>When I ask if he’s thinking about going back to Korea, he’s noncommittal. “It&#39;s kind of hard to make that decision, because we&#39;ve never been in touch with the investigators. They&#39;ve never charged us with anything. They haven&#39;t reached out to us at all.”</p><p>Again, his casual calmness surprises me. When I float the prospect of jail time, he doesn’t miss a beat: “Life is long.”</p><p>And his new lawyers? How do they feel about our conversation? Kwon all but laughs. “I mean, no lawyer is going to be happy.”</p><p>As investigators and armchair detectives circle the case, regulators around the world are also now taking a closer look at stablecoins in the wake of Terra’s collapse. Under <u>new rules</u> passed in the EU known as MiCA, stablecoins like Tether and USDC will have to maintain an ample reserve backing to ward off death spirals like Terra’s. And in the U.S., <u>some lawmakers</u> hope to have a new federal regulation passed by the end of the year.</p><h2><b>Day 0</b></h2><p>In the meantime, Do Kwon is already trying again. Shortly after the crash, he launched Terra 2.0 — his swift attempt to start rebuilding his crypto empire, though this time with no algorithmic stablecoin attached. The new coin launched on May 28, and traded as high as $11 in the days that followed, though its price currently sits around $2. Million of dollars of “LUNA Classic” still trades hands every day, and some loyal developers are still building on the platform. But activity on its <u>official forum</u> remains sparse.</p><p>“In terms of the future of Terra 2.0, one of the things that I&#39;m banking on is a lot of the core of the community that was built up during the crash. I think they are primed to launch interesting things on top of 2.0 independent of the things that we do,” Kwon tells me, as enthusiastic as I’ve seen him. “I&#39;m always going to be doing things on Terra and for the Terra community. This is my home and this is where I feel like there&#39;s the brightest future.”</p><p>Some rival blockchains have attempted to hire away developers who worked on Terra, including Polygon and Kadena, which both <u>announced millions</u> in funding dedicated to poaching top talent. Kwon claims “most of Terraform Labs is still intact. We lost a lot of executives during the crash, but in terms of the overall headcount, we lost a total of two devs.”</p><p>Beyond the collapse of Terra itself, there’s no chart I can point to revealing what remains of the market’s trust in Do Kwon. Its implosion caused many of us to lose incredible sums of money — almost certainly driving some away from the Terra ecosystem forever, if not the rest of crypto, too. Yet Kwon’s new venture will have to rely almost entirely on trust — both in him and in the resuscitated Terra ecosystem — in order to successfully rebuild. When asked about upcoming projects launching on Terra 2.0, Kwon was optimistic but sparing with details. “I would rather just leave these [upcoming products] to be a surprise. I think one of the lessons that I learned is you should probably not oversell things that don&#39;t exist yet.”</p><p>What’s certain is that he doesn’t intend to be going anywhere. “I love crypto. I love Web3. I plan to be building here for a long time, and if my thesis is right that we are at the very early innings of what will turn out to be, in my hope, a world that runs on Web3, then I think what I spend time doing over the next 20 years is going to be more meaningful than what happened over the last six weeks.”</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/af47472de312e63f318f5f2387b46c5d\" tg-width=\"3840\" tg-height=\"2160\" referrerpolicy=\"no-referrer\"/><span>Do Kwon announced the birth of his daughter Luna to the world on Twitter, calling her &#34;My dearest creation named after my greatest invention.&#34;</span></p><p>As for his daughter Luna, Kwon doesn’t plan on changing her name. “Let&#39;s just say that I have an incentive to make sure that her name isn&#39;t something that she can be ashamed of, but something that she can be proud of.”</p><p>He could have named his new project literally anything else too — conventional wisdom would be to create as much distance as possible from memories of crypto’s largest-ever collapse. But this is Do Kwon we’re talking about. So LUNA 2.0 it is.</p><p>As we spill out of hot pot heaven on my last night in Singapore, Kwon stops along the road and gazes up at the night sky. He confesses he thought about another name, but just couldn’t bring himself to do it. “It’s right there,” he says, like we’re standing in a dream. “I stare up and see the moon, and just feel so attached to it.”</p><p>On that count, at least, I still envy him. For me, it remains out of reach.</p></body></html>","source":"lsy1660834006975","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>Inside Crypto’s Largest Collapse with Terra's Do Kwon</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\">\nInside Crypto’s Largest Collapse with Terra's Do Kwon\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-19 10:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.coinage.media/s1/inside-cryptos-largest-collapse-with-terras-do-kwon><strong>Coinage</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Three months ago, Do Kwon was a multi-billionaire on paper. He had a million followers on Twitter. And he commanded a sprawling crypto empire nearing $100 billion in value, which had seemed to explode...</p>\n\n<a href=\"https://www.coinage.media/s1/inside-cryptos-largest-collapse-with-terras-do-kwon\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","GBTC":"Grayscale Bitcoin Trust"},"source_url":"https://www.coinage.media/s1/inside-cryptos-largest-collapse-with-terras-do-kwon","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154624575","content_text":"Three months ago, Do Kwon was a multi-billionaire on paper. He had a million followers on Twitter. And he commanded a sprawling crypto empire nearing $100 billion in value, which had seemed to explode from obscurity to ubiquity overnight.If there were a Mt. Rushmore of crypto, Kwon’s face would have been half-chiseled into stone by May of this year. And one of those faces would have been an anonymous slab in a hoodie, so that’s saying something. His algorithmic stablecoin “UST,” created by his company Terraform Labs (TFL), had crypto’s most coveted investors lining up to give him their money.The Terra ecosystem’s astronomical growth was unprecedented. If it survived the crucible of early adoption, it was poised to become the backbone of the entire decentralized economy — “crypto’s reserve currency,” as the pitch tended to go. UST would do this by performing one deceptively simple job: always be worth one dollar, and in doing so, give crypto a less volatile medium of exchange than standard bearers like bitcoin.To keep UST’s price steady, Kwon designed a companion coin, LUNA, which he programmed to have a balancing effect on UST’s price. If demand for UST went up or down, then Kwon’s algorithm would adjust the supply of LUNA accordingly, until market forces drove UST back to $1. Zoom all the way out, and if UST maintained that dollar peg long enough, then Kwon would become the man at the center of the coin at the center of a multi-trillion dollar industry.And he wasn’t shy about his breakneck success. He might have been a versatile engineer, but shame was not in his repertoire. Some of his tweets could make Elon Musk blush: He referred to his critics as “poors.” He mocked journalists and taunted regulators. And he danced on the graves of his competitors with palpable delight.He made a show of walking the walk, too — his wardrobe of a half-dozen faded t-shirts made Zuck look like a fashionista, and his upright, 6’2” frame exuded the confidence of a fox in a henhouse. At the age of 30, he played the part of wunderkind visionary with more panache than a hype man at a Cupertino keynote.Do Kwon, founder of Terraform Labs, sits down for an exclusive interview with Coinage at his company's office in Singapore.From the outside, success at such a dizzying scale always has a way of feeling like it happens overnight. One day, you’ve never heard of the smirking Stanford grad from South Korea; the next, he’s everywhere — a force that must be reckoned with anywhere that crypto must be reckoned with. But behind the scenes, Kwon had been quietly laying the groundwork for his meteoric rise for nearly five years. From the comfort of his keyboard, he’d created a new blockchain, invented a new currency, and raised a small and fiercely loyal army of developers (you can’t launch a financial revolution without revolutionaries, of course). In crypto these days, that means shooting the shit under pseudonyms on Discord, parlaying with hackers on Telegram, and reeling in institutional investors one by one, until blue-chip billionaires start getting FOMO and maneuver to dive in headfirst.Skeptics could always nitpick, but from afar, everything in Kwon’s playbook didn’t just look like it was going to plan — at every turn, he seemed to exceed expectations. He also made a habit of putting his money where his mouth was, and his family’s legacy too: when he and his wife welcomed their first child in April, they christened her Luna. “My dearest creation named after my greatest invention,” heannouncedon Twitter. To say he was all in was an understatement. He actively positioned himself to either go down as a genius or an egomaniac. Or just as likely, both.But that was Kwon’s great appeal as a salesman: Bold, brash, and brilliant, a man who was untouchable in all the most entertaining ways. His legion of followers called themselves LUNAtics. Analysts called him the most important man in crypto. At least one of those billionaire backers went so far as to get a regrettable LUNA tattoo. His cockiness? All in good fun, and proven out by the numbers. His caginess? A great man need not suffer fools nor haters — in online discourse, there’s no such thing as too clever by half.So it was little surprise his investors hailed from all over the world, united by the Big Idea at the heart of Terra’s triumph: “A decentralized economy needs decentralized money.” Or put another way, for those who haven’t been crypto-pilled: For crypto to work, UST-LUNA has to work. And it will only work if enough of us trust that it will.But then one day, it didn’t.With breathtaking speed, Terra’s fairytale rise would prove too good to be true — and would only be outdone by the nightmarish theatrics of its fall. Over one week in May, the market’s trust in Do Kwon went to zero, and UST cratered with it as LUNA crashed back to Earth. By month’s end, over $45 billion had evaporated from Terra’s ecosystem, andmore than $80 billionfrom all crypto markets in the fallout. Just like that, Kwon’s empire had crumbled to dust.In the hazy aftermath, investors who watched their life savings disappear have been left with more questions than answers. Lives have been ruined, fortunes lost, and there have been reports of suicides. Meanwhile, Kwon and his company are now the subjects of multiple class-action lawsuits, and some in the press have dubbed him “crypto’s Elizabeth Holmes.” Last month, investigators in Korea raided the home of his co-founder Daniel Shin. And as authorities build a possible case against Terraform Labs in Kwon’s home country, his employees attached to the project have been put on Korea’s no-fly list.But Kwon hasn’t been in Korea for months — he’s in Singapore, still trying to process exactly how everything went so bad, so fast. He meets me in a casual hot pot joint near his office, wearing shorts and knockoff Birkenstocks to survive the unyielding heat of a Singapore summer. Everywhere I look, something’s reaching a boiling point.I’d been chasing this interview for three months now, since the week of Terra’s collapse. So had others, Kwon tells me. The New York Times, The Wall Street Journal, even a couple Netflix documentaries. When Kwon finally agreed to go on the record, I took the first flight out from New York I could get.As a reporter, there is little more terrifying than the sense you may be too close to a story; this one requires more disclosures than any I’ve reported in my life. When Kwon was at the pinnacle of his powers last year, Terraform Labs became an investor in Coinage’s parent company. Meanwhile, I had previously bought UST and LUNA tokens, and held both all the way through the crash. Which is to say: I lost almost everything that week as well. On several occasions over those fateful few days, I’d even passed up the chance to hedge my bets, because, like hundreds of thousands of others, I believed in what Terra was building, and believed Kwon when he said it would work.To be sure, I had only myself to blame for my investment choices — indeed, I knew Terra’s risks better than most. Or at least, I liked to think I did. It’s one thing to buy the dream, another to live the reality. And somewhere in the shuffle, I’d lost a small fortune literally buying what Kwon had been selling.That’s why I don’t see it coming when Kwon throws back the last of his drink, as exhausted as I’ve ever seen him, and hitsmewith a question before he’ll start leaking answers: “What would you have done differently?”Well, if we’re going there — where to begin?Day 1: 99 CentsThe trade was perfectly timed. An anonymous actor, orpossibly two, knew exactly how and when to strike against Kwon’s miracle machine. To many, its algorithm appeared invincible — it had just catapulted Terra from far-flung message boards to one of crypto’s top 10 projects by market cap, after all. But behind the curtain, if you knew where to look, there lurked a glaring flaw.Unlike other stablecoins, which are designed to be backed by cold hard cash, UST was “algorithmic,” which meant that it had no suchrealbackstop in the physical world. This approach was riskier, sure. But it also meant that if Terra was successful, crypto would finally have a reliable currency that was truly and completely independent of the old financial system.So instead, UST kept its $1 peg through its algorithm, allowing users to freely trade between UST and LUNA. In effect, buying LUNA was a pure bet on the adoption of UST: The more people bought UST, the more LUNA the algorithm would burn to keep UST at $1. And that would in turn drive up the price of LUNA. In a market as complex as crypto’s, Kwon’s masterstroke was a tantalizingly simple investment thesis — if you thought UST’s use would continue to grow, then you bought LUNA. So, I bought LUNA.As recently as 2021, LUNA was trading for as low as 63 cents. At its peak in April of this year, it was going for $119. The day before everything went to hell, it was still sitting comfortably near $80.And just as designed, as LUNA soared, UST stayed stable. Until it didn’t.Do Kwon working from Terraform Labs's office in Singapore.On the night of May 7, 2022, Terraform labs executed an unannounced transfer of funds between trading pools. Thirteen minutes later, the untraceable traders pounced on this brief window of vulnerability, selling off nearly $200 million worth of UST at the exact same time.“I was in Singapore,” Kwon recounts from his noticeably sparse downtown office. “I woke up in the morning and the Curve pool was imbalanced because somebody had done a very large trade … Twitter was alight with speculation about UST. And my first reaction is, you know, this has happened before … I talked to a few people on Twitter, I got back to a few Telegram messages and, you know, didn't take too much action at that point.”As more and more UST was swapped out for other currencies, the trading pool became unbalanced, which caused the value of UST to wobble from $1 to 99 cents. Which might not sound like a lot, on its face. But again, UST only had that one job:always be worth one dollar. No more, no less.The wobble quickly caught the attention of traders. “The sentiment on Twitter started to get worse,” Kwon recalls, putting it lightly. “And then there started to be more people that were trading against the Curve pools.” In an attempt to allay fears, Kwon brusquelytook to Twitter, where he goes by @stablekwon: “Anon, you could listen to [Crypto Twitter] influensooors about UST depegging for the 69th time. Or you could remember they’re all now poor, and go for a run instead.”But behind the scenes, the situation was more complicated than he was letting on. His executive team was out of commission at the time of the attack — they were all up in the air, en route to Singapore for a quarterly summit at Terraform’s headquarters. Looking back, Kwon believes that this confluence of events feels like too much of a coincidence. The timing of the decisive fund transfer and the movements of his advisors were both inside information. In his view, there must have been a leak in his office.“The only people that knew that were TFL employees,” Kwon admits when I press him on whether the timing seems more than mere happenstance. His manner of speech is littered with cliffhanger pauses, like he’s stress-testing tomorrow’s news in his head. “So if you're asking me whether there was a mole at Terraform Labs, that's probably 'yes'.”But as he takes care to repeatedly reiterate, this was not the first time that UST had wobbled — it had dipped to 99 cents a few times before, even once briefly dropping below 90 cents the year prior, before quickly regaining its dollar peg. To an “algo stable” veteran, this was just the system working as designed.But this time was different because the stakes for Terra were different. And now that its peg was suddenly in question, long-simmering concerns about its viability erupted to the fore.In the blood rush of a bull market, it could be easy to forget that UST’s success was always going to be an uphill battle: Every large algorithmic stablecoin that had ever been sold on the open market had eventually crashed to pennies on the dollar. Some were poorly designed, others ineffectively managed. But across the board, all had failed to achieve what lasting success would inevitably require — a real economy of users making purchases with the stablecoin, and the size and scale to justify having one.Simply put, for Terra to stand the test of time, yes, UST had to be worth $1. But the real question was, if you had a dollar, why would you want to hold it in UST? To survive in the long run, Terra had to convince us that UST was the best currency on offer — that it was even a better bet than those greenbacks stuffed under our mattresses. So Kwon sought to make his stablecoin attractive not only to crypto insiders already deep in the burgeoning ecosystem of decentralized finance (more commonly known as DeFi), but also to everyday consumers who had no interest in toppling the global economy’s status quo, and just wanted money that was easy to spend.On this count, Kwon and his co-founder Shin had an ace up their sleeve: they’d already founded Chai, a digital payments startup that was doing big business in Korea. Chai let people use UST to make purchases without even realizing they were trafficking in crypto — seamless, convenient, and straightforward, not unlike PayPal in the States. The idea that a cryptocurrency was being used in the real world to buy everyday goods was a breakthrough selling point for Terra — it’s what first caught my eye about the project, and what made it stand out from countless rivals. When push comes to shove, the most powerful currencies in crypto have always been legitimacy and trust. And as Chai took off in Korea, Terra had an undeniable competitive advantage.But even so, in 2019, growth across the industry slowed to a crawl, and Kwon struggled to hook deep-pocketed investors. \"We tried to do another fundraise for Terra in the middle of 2019,” he tells me, arms crossed as he looks out over the Singapore skyline — a grayscale view, perpetually under construction. “And the market was really bad. We actually managed to raise $0.” It was around this time that Kwon bought out Shin’s ownership stake in Terra, leaving Shin free to work on developing Chai on his own.\"In retrospect, if you were to ask me whether the manner in which some of these comments were conveyed was cringe, yes.\"In the meantime, Kwon had to look elsewhere to jumpstart his nascent economy. His big break would come in March 2021, with the launch of Anchor Savings Protocol — effectively, an automated bank built on Terra’s blockchain. The sales pitch was simple: Deposit your UST stablecoins in Anchor, and it would automatically give you a fixed annual interest rate of nearly 20%.As DeFi users flocked to Anchor’s sweetheart rate in droves, LUNAtics began forming communities around the ecosystem. At its peak, over $17 billion was locked in the Anchor protocol, whichrepresentedover 70% of UST in circulation. In the process, Anchor rocketed Terra toward the size it would need to become too big to fail — but at the same time, it would also require Kwon to perform the high-wire act of keeping money flowing into the system. The catch was that the 20% yield was not sustainable on its own. (There’s a reason most traditional banks only offer around 1 or 2% interest, and even other stablecoins were dangling rates only half as high).But Kwon doesn’t cede an inch on his decision-making here, arguing that he was in fact extremely conservative in his posturing. “The internal consensus of what people wanted to do with the interest rate was several thousand percent APR with Anchor in the beginning,” he counters when I suggest he was asking for trouble. “This was still when DeFi yields were in full bloom, and there were tons of DeFi launches that were targeting stablecoin deposits, offering several hundred percent APRs, several thousand percent APRs.”Whatever the points of comparison, the simple fact remains: Anchor wasn’t profitable enough to sustain its 20% yield on its own. As a result, the protocol was reliant on regular cash injections from Terraform Labs to keep the payments flowing. When the anonymous traders struck on May 7, Anchor’s runway was down to only 45 days before it would need another injection of cash. And because this was all playing out on a transparent blockchain,anyonecould see the end of the road looming there on the horizon. When a Terra community member proposed a $1 billion top-up in April, Kwon coyly replied: “Sounds low.”That’s what madethisdepegging unique in Terra’s short but stalwart history — by the time UST dipped to 99 cents at center stage, there were already whispers in the rafters, and depositors on Anchor were starting to eye the exits, ready to jump at any sign the protocol might be headed for insolvency. Should that exodus grow from a trickle to a flood, it would risk a death spiral for the currency — akin to a modern-day digital bank run. The May 7 price wobble was precisely the sort of event that makes trigger-happy investors question their assumptions. Meanwhile, Kwon’s critics had been warning of just such a scenario for months.But Kwon was prepared for a situation like this — or so he thought. “I’m up  —  amusing morning,” began that same tweet that stuck it to the haters and poors.By his own accounting, he would not sleep again for eight days.Day 2: $1Kwon’s strategy to prevent a death spiral boiled down to the Luna Foundation Guard, a non-profit entity Terra launched in early 2022. Its initials, LFG, double as shorthand for the millennial rallying cry “Let’s Fucking Go.”Through LFG, which was staffed with friendly faces from the Terra community, Kwon bought billions of dollars of other cryptocurrencies, mostly Bitcoin, to help prop up UST’s peg during times of turmoil. At its peak, LFG had over$4 billion in reserves, and Kwon had ambitions to grow that number to $10 billion — by some estimates, enough to make LFG the second largest holder of Bitcoin behind its anonymous creator.To investors, Kwon billed the creation of LFG as a diplomatic move, meant to build bridges between Terra and other heavyweight blockchains across crypto. “We felt that by adding multiple different types of collaterals, starting with Bitcoin, UST had a real chance to become the decentralized money for all of crypto,” Kwon argues. “Because as UST grows, it’s backed by the economy of all the different chains on which it’s powering apps.”Or as he put it more bluntly a few months earlier, before the bottom fell out: With crypto’s other powerhouses bought into Terra’s success, the failure of UST would be “equivalent to the failure of crypto itself.” If Kwon went down, then the whole space would go down with him. The very definition of too big to fail.“You cannot be emotional about markets, right? Markets are dispassionate, and they move the way that they will.\"And so, just before midnight on Sunday, May 8, as sell pressure on UST was mounting, Kwon set Plan A into motion: He began deploying $1.5 billion worth of LFG’s funds to stave off UST’s wobble. From his team’s war room in his Singapore office, Kwon once againflauntedon Twitter just how unfazed he was: “Those of you waiting for the earth to become unstable - I'm afraid you will be waiting until the age of men expires.”At least publicly, then, Kwon was his usual confident self. But he also had to be — any sign of weakness would suggest there was good cause to panic. So he tweeted “pegging” jokes, traded barbs with his critics, and generally acted how an overconfident founder would. When I ask him about his use of Twitter throughout Terra’s run, Kwon sits with the question before answering. “I think I developed an entertaining alter ego to match the community that I was engaging with. In retrospect, if you were to ask me whether the manner in which some of these comments were conveyed was cringe, yes.”Day 3: 69 centsOn May 9, UST lost its peg for the second time. Almost immediately, Kwon’s reserves gambit — dipping into Bitcoin to cover his own currency’s slide — spectacularly backfired.Instead of breathing a collective sigh of relief at UST’s return to $1, the market panicked athowit had gotten there: The whole point of UST-LUNA’s system was that it was supposed to be self-sufficient. The idea that it needed to tap into reserves of outside currencies seemed to undercut that foundational premise. And once again, those reserves were transparently finite — if they were necessary in times of crisis, then what happened if they ran out, too? If you have to ask the question in the stablecoin world, then you already have your answer. The market’s fears of a second depegging became a self-fulfilling prophecy. Not trusting the price to hold, investors rushed to get out while they could — and all those deployed Bitcoin reserves became their exit liquidity.As Kwon dumped his rainy day fund on crypto exchanges, hoping to beat back the wave of sellers who were driving down UST’s price, he couldn’t bail himself out fast enough. With the loss of confidence in UST, the price of LUNA began to plummet too, falling from $61 to $27 by day’s end. And the lower the price dipped, the bolder short sellers became, driving down the price further yet — a vicious cycle that Kwon was all but helpless to reverse. Investors couldn’t refresh their screens fast enough; many were unable to cash out as they watched their savings evaporate. Billions were now exiting Anchor by the hour. The death spiral had begun in earnest.Naturally, all eyes turned to @stablekwon for answers. But Kwon, who’d been tweeting memes, challenging critics, anddeclaring“I love chaos” over the past two days, had grown curiously — worryingly — silent. When UST’s price landed at 69 cents, not even Kwon was laughing.A full twelve hours after he’d tweeted about LFG’s decision to deploy the $1.5 billion in capital  —  an eye-popping number that would rise to $2.5 billion by day’s end  —  he finally resurfaced with five words that would change countless lives, my own included:“Deploying more capital - steady lads.”Day 4: 72 centsI was a lad. I held steady. I would swiftly pay the price.Since it was my job to report on markets, I first came to crypto by way of traditional finance: What would this new technology disrupt, and what actually needed disrupting? Like any inventive frontier, the space had no shortage of provocative ideas in its early years. But time and again, their execution left much to be desired. Scams and frauds aside (of which, yes, there are still all too many), the industry had a preternatural talent for building the very traps it claimed it was here to escape. Like centralized economies, for one: The point of DeFi was to cut out traditional middlemen. But DeFi needed stablecoins to keep the wheels greased, and all those stablecoins were centralized.If we’re being ungenerous, we’d call this hypocrisy. But more often, it was just a case of brass-tacks reality catching up to those airy ideals. Because yes, for digital economies to flourish, you needed digital reserve currencies. And for digital reserve currencies to flourish, you needed people to believe they were stable. And what did people believe was stable? The U.S. dollar. And so you’d end up right back where you started.But then came Terra: Actually decentralized. Actually used in the real world on Chai. The spitting image of what a functional decentralized currency was actually supposed to look like. I reached out to Kwon for the first time in the spring of 2021. When Iinterviewedhim for the first time, there was at least one question I felt still needed clearing up: How is this not a Ponzi scheme?Yet, Kwon’s argument convinced me: A decentralized bank can make money all the ways that a “real” bank can, as long its currencies hold real value. And Terra’s did. Amidst the pomp of a bull market, precious few were raising concerns about Anchor’s high-yield runway. Every day, the ecosystem kept ballooning, proving Kwon’s adage that stablecoins have always been the crypto product with the best market fit. And adecentralized,algorithmicstablecoin? That wasn’t just market fit. It was the ground floor of an economic revolution: The fulfillment of crypto’s foundational mission.All through that year and into the next, the market proved Kwon’s thesis right. So by the middle of that week in May, it wasn’t just my investment on the line. It was my conviction that decentralized economies were inevitable, and that Kwon knew how to build one better than anyone on Earth. Logic should have compelled me to hedge my bets to cover potential losses. Had I shorted when I had the chance, I’d have turned a ten-fold profit at the click of a button. But that would have been a bet against Kwon and everything Terra stood for. Markets might not be emotional, but one more disclosure: Sometimes, I am. So when Kwon told us to hold steady, assuring us he had the situation under control, that’s exactly what hundreds of thousands of us did. But UST did not.“I just haven't found the words to describe what that feels like.\"It was now Day Four of Kwon’s suddenly inescapable nightmare, and he was facing an immense amount of sell pressure from LUNA and UST holders looking to leave the ecosystem, and he was all too aware that LFG’s reserves were nearly depleted. He needed a Plan B, and fast.“We decided that putting together additional capital so we’d have resources to be able to fight further would be the smart thing to do,” Kwon tells me, hands clasped on the table like a fallen saint come to repent. “So we started to put together a $2 billion round in the middle of the night. We called our existing investors in LFG. We called a lot of the friends that we had in the industry across multiple desks and large funds. And then, I think we were close to completing the book for that $2 billion round overnight.”When I ask if he really pulled eight straight all-nighters, he cocks his head to think it over.“So, seven nights. And then, I think I had one burrito.”“A burrito?”“One burrito. Half a burrito.”Such is life with the weight of Terra on your shoulders. But now, “next level euphoric” at their progress in the war room, he once again took to Twitter, declaring he was “close to announcing a recovery plan for $UST. Hang tight.” Then, yet again, radio silence. It was one thing to secure verbal commitments, another for the money to hit the bank. Eight hours later, he reiterated that the plan was still in the works, tweeting “Getting close ... stay strong, lunatics.”And then, the news leaked. The Block, an industry news site,reportedthat LFG was looking to raise fresh capital from large crypto investment firms in order to shore up UST. Kwon had planned to offer these investors a discount on LUNA, but the leak instantly obliterated the deal. “Once the news leaked, we started to see massive shorts pile up against LUNA,” he tells me with surprising equanimity. “So the value of the tokens that we were ready to sell just basically got decimated. It didn't make sense for people to participate in the round ... Good on [The Block], actually.”“For ruining your round?”“I mean, it’s all business, so. All good.”This is a recurring theme in our conversations: “You cannot be emotional about markets, right? Markets are dispassionate, and they move the way that they will,” he muses. It’s not how I would react if I was sabotaged at the 11th hour on the most important day of my life, but what do I know? “There are probably not too many people that are alive with this type of experience,” Kwon reminds me.In the meantime, with LFG’s reserves depleted, and thousands of investors losing faith by the minute, all Kwon could do was watch as UST’s economy was wiped off the market. Even three months later, he’s still grasping to make sense of the moment he realized he’d lost control of the situation. “I just haven't found the words to describe what that feels like,” he tells me. “I just didn't think this would happen.”Plan A had backfired. Plan B was up in smoke. And Plan C — convince the market to wait for a Plan C — was hurtling out of reach in live time. The mainstream media was starting to take notice as well; that very day, at a Senate Banking Committee hearing, U.S. Treasury Secretary Janet Yellen called out Terra’s unregulated bank run. (Though Kwon made a point of noting it wasn’t his “place to spell out conspiracy theories,” he couldn’t help but comment on the speed of Yellen’s remarks: “I’m surprised that they were able to put together material for her speech when the thing had started to happen just a few hours earlier.”)Day 5: 30 centsIn the blink of an eye, UST’s peg now seemed a distant memory. LUNA, which had been trading at $80 just days ago, was now unthinkably hovering below $1.Stepping back, it was now painfully apparent that tens of billions of dollars had been lost in the Terra ecosystem alone. And its collapse was already having ripple effects across DeFi too. In short order, it wouldtopplea who’s who ofoverzealous crypto hedge funds, while driving away investors from crypto in droves. Within two months, $800 billion would be wiped off the industry'stotal market cap. Against the backdrop of a wider downturn, it'd be unfair to say that Terra started the fire. But it certainly became the lighter fluid that ignited the blaze.As market prices plunged to crushing lows, talk of crypto as one big Ponzi scheme was suddenly hitting record highs in mainstream coverage. In one sense, Kwon’s master plan was working like a charm: now that he was going down, all of crypto was going down with him. As backward as it sounds, the scale of the disaster may be our best yardstick for measuring what had been the scale of Kwon’s success.Unsurprisingly, before UST was even dead and buried, some started calling Do Kwon the Elizabeth Holmes of Korea — a comparison he struggles with when I bring it up to him. In his view, Theranos lied about its blood testers, which never worked, whereas “[UST] was working beautifully throughout the entire history that it was, and the fact that it was working perfectly was visible in the order books, and was present in all the integrations in the open source and transparent manner of crypto. Until it stopped working.”In other words, it worked until it didn’t. In crypto, an industry that is equal parts unregulated and unprecedented, it can be a slippery slope from failure to fraud. And while victims of the crash scavenged for answers as their savings vanished, only more questions emerged.By now, the press had had a field day with Kwon’s infamous shitposting. His hubris was the journalistic definition of low-hanging fruit. So when allegations broke of a trail of lies and deceit, the reputational damage was catastrophic.\"I mean, this was essentially my life. And I put my actions where my beliefs are. I bet big, and I think I lost.”On May 11, with UST hanging on for dear digital life at 30 cents, CoinDesk reported that Kwon had been involved in a prior attempt to create an algorithmic stablecoin called Basis Cash — a failed project that Kwon himself had referenced as proof of why UST was better than anything else that had been on the market. The optics of him scrambling to salvage afailingstablecoin, while omitting his association with afailedstablecoin, would prove the nail in UST’s coffin.Three months later — and likely three months too late — Kwon confirms to me for the first time that he was indeed the pseudonymous “Rick Sanchez” of the Basis Cash project, but distances himself from the title of co-founder.In the cool reprieve of his unfurnished high-rise apartment, he’s teaching me the computer gameStarCraft—his go-to method for stress relief — when he denies that Basis Cash was his idea alone. According to Kwon, five developers he’d hired to work on Anchor had come up with their own idea for an algorithmic stablecoin, which would be run on the Ethereum blockchain. (Everyone on the team had an alias ripped from the cult favorite cartoonRick and Morty; Kwon’s character, Rick Sanchez, is a mad scientist whose inventions have a knack for spiraling out of control.)“I helped them with the initial community building, talking on Telegram a little bit, talking in the voice of what Rick Sanchez would’ve sounded like,” he explains. “It started to do really well. I think the market cap far exceeded LUNA’s right after they launched. So they said, ‘All right, we're just going to run this.’ And they quit the company and then they started to run it solo.”Naturally, critics and investors were quick to call out Kwon for not disclosing his part in the project. But he still sees it differently. “I think bringing the Basis mechanism to light and testing it, especially in a sandbox type of environment before DeFi became very large, was good. I think for a first effort, they did a lot of things right,” he tells me, before quickly adding that their efforts left much to be desired, and that he was critical of their choice to sell their tokens and abandon the project.But as it turned out, the Basis Cash debacle was just the beginning of Kwon’s trust troubles.Day 6: 15 CentsWhen the system was working in normal times, UST could be freely swapped for LUNA and vice versa; that had always been how UST maintained its peg. But these were anything but normal times. The way the algorithm was designed, more LUNA would be printed to help reset the peg when it wobbled. Except now, the market dynamics were so out of balance that LUNA began printing at immeasurable rates. This led to extreme hyperinflation and the collapse in LUNA’s price.LUNA was now so cheap  —  trading for less than one cent  —  that the validators physically running Terra’s blockchain began calling for it to behalted, citing threats to the system’s security. UST was trading at 15 cents when Kwon was left with no choice but to shut it down to prevent a governance attack. The great game was over. His dream was dead.But if it sounds like his algorithm broke down in the end, that’s not exactly true — what broke was the economy built atop it. Even to the bitter end, as it tried to print infinite LUNA, Kwon’s algorithm worked exactly as designed.The totality of the crash hit LUNAtics especially hard. Two of the top three posts on the /r/TerraLuna subreddit are still about suicide. In other posts, users grappled with the magnitude of the crash as it unfolded (a typicaltitle: “My brain can’t process this is happening for real”). And thoughts on Kwon’s handling of the crash read like a communal diary of spiraling sentiment. One day, he’s a mastermind who knows exactly what he’s doing. The next, “Do Kwon's arrogance was Terra's downfall.”The blowback was sudden and unsettling. Kwon’s only two requests for our interview were that I avoid filming the faces of his employees or the location of his office, due to the flurry of death threats he’d received. By day six of the crash, a man had broken into his family’s apartment complex and rung their doorbell, forcing his wife to request emergency protection from Seoul police.Kwon doesn’t deny that the collapse of Terra caused incalculable pain. “It was brutal,” he tells me. And he counts himself among the victims, claiming to have lost most of his net worth in the crash. “I don't want to seem like my losses are larger in terms of emotional impact compared to people that had less to go on and then put [in] their entire life savings and then the Terra system went down. But I just want to make it perfectly clear that the way that I thought about Terra and Luna was — I mean, this was essentially my life. And I put my actions where my beliefs are. I bet big, and I think I lost.”He’s cagey about where his net worth now stands, a number that would be admittedly difficult to verify. Since crypto wallets start out anonymous, he could always ostensibly be hiding profits in wallets unknown to the public. “The reason why I didn’t want to advertise my wallet addresses is, number one, it's not going to work. People will just say I have more wallets, right?”But he’s unflinching when he asserts he made nothing off UST’s collapse. “I’ve never shorted a cryptocurrency in my life, let alone UST.” And he says that his wife, who runs a Korean hot sauce company, held her own coins “all the way down.” How does she feel about these past few months? As Kwon quotes her telling him, “One of the best and worst things about you is that you go all in on everything.”Try as I might to get a number out of him, he declines to elaborate on how much “all in” means in financial terms. “One of the jokes that people tell each other when markets turn bad is [that they’re] ‘down bad’ or ‘down horrendous,’” he says with a wistful smile. “And the word that I use to describe what happened here is ‘down infinite.’”So there was no getting around it now: Terra had failed, in plain sight and for all to see. The fatal flaws in Anchor and LFG’s reserves plan were now readily apparent. As it so often does, the market had eaten its own. But as crowdsourced autopsies of Terra’s ecosystem began in earnest, and Kwon’s legal team walked out, an alarming array of red flags seemed to pop up everywhere investors looked.Day 90: Down InfiniteIn June, about a month after the collapse, the Wall Street Journalreportedthat Chai — the real-world use case that Kwon frequently touted as evidence of Terra’s mainstream adoption — had, in fact, ceased its use of UST by the end of 2021. Kwon was still listing the Chai relationship as a selling point as late as March 23, 2022, when he brought it up as a reason to be bullish about Terra on the Pomp Podcast, hosted by crypto investor Anthony Pompliano.Kwon assures me he didn’t know that Chai’s usage had been discontinued when he made those claims. “We should have known better about how all of our different products were being used in different places like that,” he concedes.Which may well be true. But, put in context, it’s a revelation that seems interesting. Kwon helped found Chai with Daniel Shin. He had sat on Chai’s board. And what’s more — Shin was even the officiant at Kwon’s wedding. That Kwon would not have been aware of Chai’s decision requires a leap of faith.Yet, Kwon remains adamant when I press him: “By that point, other things in Terra were so large that I just wasn't paying attention to Chai very much. But that's definitely one of those things that we should have picked up on.”What Kwon knew and when will be a central question of any investigation into Terra’s collapse. The legal definition of fraud is the deliberate misrepresentation of facts as they’re known at the time, with the intent of inciting people to actions they otherwise would not take and causing harm. Well, the Chai use case was what attracted me to the Terra ecosystem in the first place — had I known the deal was dead, would I have exited my investment before or during the crash?Kwon, for one, doesn’t think so. In his mind, Terra was already a sure thing by that juncture, with or without Chai. “I think just psychologically, I had moved on from Chai as a use case, because that business wasn't growing, whereas, you know, there were dozens of different things that were being built on top of Terra. Tons of integrations like Anchor and Mirror were increasing in usership and things like that.\"\"I think what I spend time doing over the next 20 years is going to be more meaningful than what happened over the last six weeks.\"In case you didn’t think there were enough twists and turns in Kwon’s tale: Mirror was an unregulated copy of the stock market built atop Terra’s blockchain, which inevitably got Kwon subpoenaed by the U.S. Securities and Exchange Commission. In a cavalier Kwon comeback, he responded bysuing the SECfor improperly issuing the subpoena. There’s poking the bear, and then there’s challenging the bear to a fistfight.At this point, the SEC may be the least of Kwon’s problems. Among the various agencies around the world looking into all things Terra, Korean prosecutors have thus far been the most aggressive. But Kwon says he plans to cooperate when the time comes.“In terms of dealing with due process, it's not a question of what you are prepared to face, it’s a question of how you are going to face them. So what we're going to do is we're just going to put out the facts as we know them,” he tells me with trademark confidence.When I ask him how he defines fraud, he pauses so long, I feel like I’m the one who might be in trouble. “Well,if you knew something that wasn't true, and then you argue that that was true for personal enrichment or whatever purpose that might be, then that's fraud, right?” Pretty spot on, off the cuff. “I think it boils down to a question of whether you wanted to do the right thing.”But of course, many investors in Terra are no longer taking Kwon at his word. A number of former Terra users, including one of the loudest, have accused him ofextracting $2.7 billionfrom Terra’s reserves, a claim Kwonflatly denies. “In terms of how much UST [exchanges] were able to buy back, it matches the amount of Bitcoin that we gave them,” he points out. The blockchain may be built for transparency, but that has rarely made the whole truth any easier to find.Other allegations, Kwon has little trouble swatting down. Some news organizations reported on the existence of Flexi Corp, a Korean shell company linked to Kwon. With a wave of his hand, he explains that Terraform Labs had three subsidiary corporations in Korea, including Flexi Corp, but when he moved operations to Singapore before the crash, he “wound that entity down.” Other questions have been raised about how much money Terraform Labs was spending on operations through an effort calledProject Dawn; of the three million LUNA it let the company unlock per month, Kwon says the coins “were used to meet our obligations to investors and employee vesting. And once again, none of that went to me.”In the meantime  —  and as ever in crypto  —  those Ponzi claims continue to linger. In one sense, the argument that Terra was just one big elaborate Ponzi scheme is simple: Anchor promised fixed 20% returns for everyone who bought into the ecosystem. When that became unsustainable, everything crashed.On the other hand, this kind of “Ponzi-nomics” has long been actively debated in the crypto sphere. Plenty of traditional businesses use VC cash to subsidize everything from free lunches and taxi rides to subscriptions and movie tickets in order to gain a loyal customer base, raising prices or reducing benefits once they’ve established themselves as an essential part of our lives. Terra was arguably doing the same by subsidizing Anchor, and it worked as intended for years. Until, of course, it didn’t.For what it’s worth, Kwon makes a point of accepting responsibility for the crash. “I, and I alone, am responsible for any weaknesses that could have been presented for a short seller to start to take profit. The blame is on the person that presented those vulnerabilities in the first place,” he said. “That’s me.”Even so, that likely won’t satisfy the Korean justice system, which also appears intensely interested in making sense of Terra’s collapse. In between my two days of interviews with Kwon in Singapore, Korean authorities raided his cofounder Daniel Shin’s home, as well as Korean cryptocurrency exchanges that held UST-LUNA on the books.When I ask if he’s thinking about going back to Korea, he’s noncommittal. “It's kind of hard to make that decision, because we've never been in touch with the investigators. They've never charged us with anything. They haven't reached out to us at all.”Again, his casual calmness surprises me. When I float the prospect of jail time, he doesn’t miss a beat: “Life is long.”And his new lawyers? How do they feel about our conversation? Kwon all but laughs. “I mean, no lawyer is going to be happy.”As investigators and armchair detectives circle the case, regulators around the world are also now taking a closer look at stablecoins in the wake of Terra’s collapse. Under new rules passed in the EU known as MiCA, stablecoins like Tether and USDC will have to maintain an ample reserve backing to ward off death spirals like Terra’s. And in the U.S., some lawmakers hope to have a new federal regulation passed by the end of the year.Day 0In the meantime, Do Kwon is already trying again. Shortly after the crash, he launched Terra 2.0 — his swift attempt to start rebuilding his crypto empire, though this time with no algorithmic stablecoin attached. The new coin launched on May 28, and traded as high as $11 in the days that followed, though its price currently sits around $2. Million of dollars of “LUNA Classic” still trades hands every day, and some loyal developers are still building on the platform. But activity on its official forum remains sparse.“In terms of the future of Terra 2.0, one of the things that I'm banking on is a lot of the core of the community that was built up during the crash. I think they are primed to launch interesting things on top of 2.0 independent of the things that we do,” Kwon tells me, as enthusiastic as I’ve seen him. “I'm always going to be doing things on Terra and for the Terra community. This is my home and this is where I feel like there's the brightest future.”Some rival blockchains have attempted to hire away developers who worked on Terra, including Polygon and Kadena, which both announced millions in funding dedicated to poaching top talent. Kwon claims “most of Terraform Labs is still intact. We lost a lot of executives during the crash, but in terms of the overall headcount, we lost a total of two devs.”Beyond the collapse of Terra itself, there’s no chart I can point to revealing what remains of the market’s trust in Do Kwon. Its implosion caused many of us to lose incredible sums of money — almost certainly driving some away from the Terra ecosystem forever, if not the rest of crypto, too. Yet Kwon’s new venture will have to rely almost entirely on trust — both in him and in the resuscitated Terra ecosystem — in order to successfully rebuild. When asked about upcoming projects launching on Terra 2.0, Kwon was optimistic but sparing with details. “I would rather just leave these [upcoming products] to be a surprise. I think one of the lessons that I learned is you should probably not oversell things that don't exist yet.”What’s certain is that he doesn’t intend to be going anywhere. “I love crypto. I love Web3. I plan to be building here for a long time, and if my thesis is right that we are at the very early innings of what will turn out to be, in my hope, a world that runs on Web3, then I think what I spend time doing over the next 20 years is going to be more meaningful than what happened over the last six weeks.”Do Kwon announced the birth of his daughter Luna to the world on Twitter, calling her \"My dearest creation named after my greatest invention.\"As for his daughter Luna, Kwon doesn’t plan on changing her name. “Let's just say that I have an incentive to make sure that her name isn't something that she can be ashamed of, but something that she can be proud of.”He could have named his new project literally anything else too — conventional wisdom would be to create as much distance as possible from memories of crypto’s largest-ever collapse. But this is Do Kwon we’re talking about. So LUNA 2.0 it is.As we spill out of hot pot heaven on my last night in Singapore, Kwon stops along the road and gazes up at the night sky. He confesses he thought about another name, but just couldn’t bring himself to do it. “It’s right there,” he says, like we’re standing in a dream. “I stare up and see the moon, and just feel so attached to it.”On that count, at least, I still envy him. For me, it remains out of reach.","news_type":1},"isVote":1,"tweetType":1,"viewCount":37,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9042305401,"gmtCreate":1656428753803,"gmtModify":1676535826447,"author":{"id":"4118716590079382","authorId":"4118716590079382","name":"Jean0031","avatar":"https://community-static.tradeup.com/news/28f213a3cbe3bebc3ed79d122de1f59c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4118716590079382","authorIdStr":"4118716590079382"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9042305401","repostId":"2246133086","repostType":4,"repost":{"id":"2246133086","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1656426671,"share":"https://ttm.financial/m/news/2246133086?lang=&edition=fundamental","pubTime":"2022-06-28 22:31","market":"us","language":"en","title":"Cathie Wood Warns U.S. Is Already in a Recession","url":"https://stock-news.laohu8.com/highlight/detail?id=2246133086","media":"Dow Jones","summary":"Ark Invest CEO Cathie Wood admitted during a Tuesday interview with CNBC  that she had dramatically underestimated the severity of inflation -- before claiming that the U.S. economy is likely already ","content":"<html><head></head><body><p>Ark Invest CEO Cathie Wood admitted during a Tuesday interview with CNBC  that she had dramatically underestimated the severity of inflation -- before claiming that the U.S. economy is likely already in a recession.</p><p>Wood blamed supply-chain disruptions and geopolitical factors like the war in Ukraine for exacerbating inflationary pressures beyond what she had anticipated. She also said that a recession driven in part by mismanaged inventories had already begun.</p><p>&#34;We think we are in a recession,&#34; Wood said during a Tuesday interview with Andrew Ross Sorkin on CNBC.</p><p>The first reading on U.S. economic growth during the second quarter of 2022 will be released roughly <a href=\"https://laohu8.com/S/AONE.U\">one</a> month from now by the Bureau of Economic Analysis. While the Federal Reserve and most of the big U.S. investment banks don&#39;t anticipate a recession this year, the Atlanta Fed&#39;s GDPNow forecast shows U.S. economic growth collapsing to zero during the second quarter, following a negative reading for the first quarter, as MarketWatch reported.</p><p>&#34;We were wrong on one thing and that was inflation being as sustained as it has been...inflation has been a bigger problem but I think it has set us up for deflation,&#34; Wood said.</p><p>Wood explained that supply-chain issues had led to major retailers to mismanage their inventories, leading to a glut of certain finished goods, like furniture, that were in high demand during the pandemic. Even &#34;the best-managed companies in the world&#34; are having problems she said. She added that the surge in inventories seen over the past year has been larger than anything she has seen during her 45-year career.</p><p>&#34;We&#39;re talking about Walmart and Target...they have problems, and we think there will be a lot more problems,&#34; she said.</p><p>Read:Cathie Wood&#39;s ARK <a href=\"https://laohu8.com/S/PSFF\">Pacer Swan SOS Fund of Funds ETF|ETF</a>s are sinking with tech stocks -- and value investors will be hunting for the biggest bargains</p><p>Wood also pointed to the drop in consumer sentiment as measured by the University of Michigan&#39;s survey as another warning that a recession has already begun.</p><p>&#34;Consumer sentiment in the highest income groups is lower than in the lowest income groups,&#34; Wood said.</p><p>As MarketWatch reported last week, the closely watched gauge of consumer sentiment tumbled to 50 in its final reading for June, down from an initial reading of 50.2 earlier in the month, and well below May&#39;s level of 58.4. The final number is the lowest reading on record, going back to the late 1970s.</p><p>The ARK Innovation ETF (ARKK)has fallen more than 50% since the start of the year, but it has recorded more than $370 million of money flowing into the ETF over the past week (although nearly $1 billion has flowed out of the fund over the past year). The Innovation ETF traded flat in early trading on Tuesday at $44.86 per share.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Warns U.S. Is Already in a Recession</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\">\nCathie Wood Warns U.S. Is Already in a Recession\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-06-28 22:31</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Ark Invest CEO Cathie Wood admitted during a Tuesday interview with CNBC  that she had dramatically underestimated the severity of inflation -- before claiming that the U.S. economy is likely already in a recession.</p><p>Wood blamed supply-chain disruptions and geopolitical factors like the war in Ukraine for exacerbating inflationary pressures beyond what she had anticipated. She also said that a recession driven in part by mismanaged inventories had already begun.</p><p>&#34;We think we are in a recession,&#34; Wood said during a Tuesday interview with Andrew Ross Sorkin on CNBC.</p><p>The first reading on U.S. economic growth during the second quarter of 2022 will be released roughly <a href=\"https://laohu8.com/S/AONE.U\">one</a> month from now by the Bureau of Economic Analysis. While the Federal Reserve and most of the big U.S. investment banks don&#39;t anticipate a recession this year, the Atlanta Fed&#39;s GDPNow forecast shows U.S. economic growth collapsing to zero during the second quarter, following a negative reading for the first quarter, as MarketWatch reported.</p><p>&#34;We were wrong on one thing and that was inflation being as sustained as it has been...inflation has been a bigger problem but I think it has set us up for deflation,&#34; Wood said.</p><p>Wood explained that supply-chain issues had led to major retailers to mismanage their inventories, leading to a glut of certain finished goods, like furniture, that were in high demand during the pandemic. Even &#34;the best-managed companies in the world&#34; are having problems she said. She added that the surge in inventories seen over the past year has been larger than anything she has seen during her 45-year career.</p><p>&#34;We&#39;re talking about Walmart and Target...they have problems, and we think there will be a lot more problems,&#34; she said.</p><p>Read:Cathie Wood&#39;s ARK <a href=\"https://laohu8.com/S/PSFF\">Pacer Swan SOS Fund of Funds ETF|ETF</a>s are sinking with tech stocks -- and value investors will be hunting for the biggest bargains</p><p>Wood also pointed to the drop in consumer sentiment as measured by the University of Michigan&#39;s survey as another warning that a recession has already begun.</p><p>&#34;Consumer sentiment in the highest income groups is lower than in the lowest income groups,&#34; Wood said.</p><p>As MarketWatch reported last week, the closely watched gauge of consumer sentiment tumbled to 50 in its final reading for June, down from an initial reading of 50.2 earlier in the month, and well below May&#39;s level of 58.4. The final number is the lowest reading on record, going back to the late 1970s.</p><p>The ARK Innovation ETF (ARKK)has fallen more than 50% since the start of the year, but it has recorded more than $370 million of money flowing into the ETF over the past week (although nearly $1 billion has flowed out of the fund over the past year). The Innovation ETF traded flat in early trading on Tuesday at $44.86 per share.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKF":"ARK Fintech Innovation ETF","ARKW":"ARK Next Generation Internation ETF","ARKG":"ARK Genomic Revolution ETF","ARKK":"ARK Innovation ETF","ARKQ":"ARK Autonomous Technology & Robotics ETF"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2246133086","content_text":"Ark Invest CEO Cathie Wood admitted during a Tuesday interview with CNBC  that she had dramatically underestimated the severity of inflation -- before claiming that the U.S. economy is likely already in a recession.Wood blamed supply-chain disruptions and geopolitical factors like the war in Ukraine for exacerbating inflationary pressures beyond what she had anticipated. She also said that a recession driven in part by mismanaged inventories had already begun.\"We think we are in a recession,\" Wood said during a Tuesday interview with Andrew Ross Sorkin on CNBC.The first reading on U.S. economic growth during the second quarter of 2022 will be released roughly one month from now by the Bureau of Economic Analysis. While the Federal Reserve and most of the big U.S. investment banks don't anticipate a recession this year, the Atlanta Fed's GDPNow forecast shows U.S. economic growth collapsing to zero during the second quarter, following a negative reading for the first quarter, as MarketWatch reported.\"We were wrong on one thing and that was inflation being as sustained as it has been...inflation has been a bigger problem but I think it has set us up for deflation,\" Wood said.Wood explained that supply-chain issues had led to major retailers to mismanage their inventories, leading to a glut of certain finished goods, like furniture, that were in high demand during the pandemic. Even \"the best-managed companies in the world\" are having problems she said. She added that the surge in inventories seen over the past year has been larger than anything she has seen during her 45-year career.\"We're talking about Walmart and Target...they have problems, and we think there will be a lot more problems,\" she said.Read:Cathie Wood's ARK Pacer Swan SOS Fund of Funds ETF|ETFs are sinking with tech stocks -- and value investors will be hunting for the biggest bargainsWood also pointed to the drop in consumer sentiment as measured by the University of Michigan's survey as another warning that a recession has already begun.\"Consumer sentiment in the highest income groups is lower than in the lowest income groups,\" Wood said.As MarketWatch reported last week, the closely watched gauge of consumer sentiment tumbled to 50 in its final reading for June, down from an initial reading of 50.2 earlier in the month, and well below May's level of 58.4. The final number is the lowest reading on record, going back to the late 1970s.The ARK Innovation ETF (ARKK)has fallen more than 50% since the start of the year, but it has recorded more than $370 million of money flowing into the ETF over the past week (although nearly $1 billion has flowed out of the fund over the past year). The Innovation ETF traded flat in early trading on Tuesday at $44.86 per share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":33,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":253955585663240,"gmtCreate":1703037713972,"gmtModify":1703037717854,"author":{"id":"4118716590079382","authorId":"4118716590079382","name":"Jean0031","avatar":"https://community-static.tradeup.com/news/28f213a3cbe3bebc3ed79d122de1f59c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4118716590079382","authorIdStr":"4118716590079382"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$&nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/GRAB\">$Grab Holdings(GRAB)$&nbsp;</a>","text":"$Grab Holdings(GRAB)$","images":[{"img":"https://community-static.tradeup.com/news/7e373a1abad6f1d2dc500a7b0a0cdd28","width":"972","height":"1631"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/253955585663240","isVote":1,"tweetType":1,"viewCount":232,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9940140589,"gmtCreate":1677768630342,"gmtModify":1677768634209,"author":{"id":"4118716590079382","authorId":"4118716590079382","name":"Jean0031","avatar":"https://community-static.tradeup.com/news/28f213a3cbe3bebc3ed79d122de1f59c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4118716590079382","authorIdStr":"4118716590079382"},"themes":[],"htmlText":"Thank you for sharing","listText":"Thank you for sharing","text":"Thank you for sharing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940140589","repostId":"2316164916","repostType":4,"repost":{"id":"2316164916","pubTimestamp":1677770943,"share":"https://ttm.financial/m/news/2316164916?lang=&edition=fundamental","pubTime":"2023-03-02 23:29","market":"us","language":"en","title":"3 Top Multifamily REIT Stocks to Buy in March","url":"https://stock-news.laohu8.com/highlight/detail?id=2316164916","media":"Motley Fool","summary":"These apartment REITs may seem like lambs now, but they could be lions later on.","content":"<html><head></head><body><p>Whether March comes in like a lion and leaves like a lamb, or vice versa, remains to be seen. But either way, it&#39;s a good time to prepare your investment portfolio to spring forward.</p><p>Some sectors have proven to be sound performers through all kinds of economic weather. They include real estate and, more specifically here, multifamily property owners operating as real estate investment trusts (REITs).</p><p>Three REITs to consider now because of their performance records and prospects going forward are <b>Mid-America Apartment Communities</b>, <b>Essex Property Trust</b>, and <b>Camden Property Trust</b>.</p><h2>Steady income at a sale price</h2><p>These residential REITs are trading at share prices now down about 20% to 30% from last year at this time, a reflection of interest rate hikes and concerns over the ability of big landlords like them to raise rents -- and revenue -- at the pace they have in the past couple years.</p><p>But as the chart below shows, they also have nice long-term records of total return, which includes share price movement and dividend payouts. They have handily beat a good proxy for this sector, the <b>Vanguard Real Estate ETF</b>, an exchange-traded fund that generally holds about 160 REITs.</p><p><img src=\"https://static.tigerbbs.com/86ab992e943e2ee2758cb23d76ba175c\" tg-width=\"720\" tg-height=\"483\" referrerpolicy=\"no-referrer\"/></p><p>CPT Total Return Level data by YCharts</p><p>They also have nice market niches, if you can consider owning some 102,000 units in about 300 apartment communities concentrated in the most job-rich metros across the Sunbelt and Southeast to be simply a niche. That&#39;s the case with Mid-America, which brands itself as MAA.</p><p>Essex, meanwhile, has a portfolio of about 62,000 units in 252 communities almost exclusively in and around the high-tech, high-income areas of Southern California, the San Francisco Bay area, and Seattle. Camden, meanwhile, has about 58,700 apartments in its 172 properties scattered across high-growth markets from Washington, D.C., to south Florida, Nashville, Houston, Phoenix, and Southern California.</p><h2>Payout ratios that pad the passive income</h2><p>Speaking of niches, REITs can nicely fill a spot between bonds and savings instruments and growth stocks, providing investors with reliable passive income -- profiting from real estate ownership without having to manage or directly own it. In that regard, a good metric to look at for REITs is funds from operations (FFO) per share, typically regarded as the REIT equivalent of earnings per share.</p><p>This chart shows how MAA, Camden, and Essex have done in the past five years in dividend, share price, and FFO movement.</p><p><img src=\"https://static.tigerbbs.com/fc92a6fbfb9507b9eddd6f4ebd8be8df\" tg-width=\"720\" tg-height=\"629\" referrerpolicy=\"no-referrer\"/></p><p>CPT data by YCharts</p><p>Now let&#39;s consider the payout ratio, a measure of how much of a REIT&#39;s stash is used to pay cash to shareholders and thus how comfortably it can support those dividend payments. Based on cash flow, Camden&#39;s current payout ratio is about 34%, while Essex is at 59% and MAA is at 54%. These are very sustainable payout levels and point to the ability to raise dividends going forward.</p><p>That has indeed just happened with Essex, which on Feb. 23 announced a 5% increase in its quarterly payout that marked its 29th consecutive year of dividend increases. That performance, along with the modest payout levels the REIT has sustained and the solidity of the markets it inhabits, helps offset concerns about the dip in FFO per share over the past couple years. Essex stock is currently yielding about 3.8% at a share price of about $230.</p><p>MAA, meanwhile, has raised its dividend for 13 straight years and is yielding about 3.4% at about $163 a share, and Camden has pumped its payouts by an average of 5.5% over the past three years and is yielding about 3.2% while selling for about $116 a share.</p><h2>Sale price for the march to building wealth</h2><p>Any of these REITs would make a good addition to an income-focused portion of a stock portfolio, and their lowered prices add to that allure. Camden is by one key measure perhaps the cheapest right now, with a price-to-FFO per share ratio of about 11.6, compared with a still quite reasonable 16 for MAA and 18.3 for Essex.</p><p>An investment in each or all of them this month can help your slow, steady march to building wealth and funding retirement or other well-laid plans for the months ahead.</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>3 Top Multifamily REIT Stocks to Buy in March</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\">\n3 Top Multifamily REIT Stocks to Buy in March\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-02 23:29 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2023/03/01/3-top-multifamily-reit-stocks-to-buy-in-march/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Whether March comes in like a lion and leaves like a lamb, or vice versa, remains to be seen. But either way, it's a good time to prepare your investment portfolio to spring forward.Some sectors have ...</p>\n\n<a href=\"https://www.fool.com/investing/2023/03/01/3-top-multifamily-reit-stocks-to-buy-in-march/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ESS":"埃塞克斯信托","MAA":"MAA房产信托","CPT":"卡姆登物业信托"},"source_url":"https://www.fool.com/investing/2023/03/01/3-top-multifamily-reit-stocks-to-buy-in-march/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2316164916","content_text":"Whether March comes in like a lion and leaves like a lamb, or vice versa, remains to be seen. But either way, it's a good time to prepare your investment portfolio to spring forward.Some sectors have proven to be sound performers through all kinds of economic weather. They include real estate and, more specifically here, multifamily property owners operating as real estate investment trusts (REITs).Three REITs to consider now because of their performance records and prospects going forward are Mid-America Apartment Communities, Essex Property Trust, and Camden Property Trust.Steady income at a sale priceThese residential REITs are trading at share prices now down about 20% to 30% from last year at this time, a reflection of interest rate hikes and concerns over the ability of big landlords like them to raise rents -- and revenue -- at the pace they have in the past couple years.But as the chart below shows, they also have nice long-term records of total return, which includes share price movement and dividend payouts. They have handily beat a good proxy for this sector, the Vanguard Real Estate ETF, an exchange-traded fund that generally holds about 160 REITs.CPT Total Return Level data by YChartsThey also have nice market niches, if you can consider owning some 102,000 units in about 300 apartment communities concentrated in the most job-rich metros across the Sunbelt and Southeast to be simply a niche. That's the case with Mid-America, which brands itself as MAA.Essex, meanwhile, has a portfolio of about 62,000 units in 252 communities almost exclusively in and around the high-tech, high-income areas of Southern California, the San Francisco Bay area, and Seattle. Camden, meanwhile, has about 58,700 apartments in its 172 properties scattered across high-growth markets from Washington, D.C., to south Florida, Nashville, Houston, Phoenix, and Southern California.Payout ratios that pad the passive incomeSpeaking of niches, REITs can nicely fill a spot between bonds and savings instruments and growth stocks, providing investors with reliable passive income -- profiting from real estate ownership without having to manage or directly own it. In that regard, a good metric to look at for REITs is funds from operations (FFO) per share, typically regarded as the REIT equivalent of earnings per share.This chart shows how MAA, Camden, and Essex have done in the past five years in dividend, share price, and FFO movement.CPT data by YChartsNow let's consider the payout ratio, a measure of how much of a REIT's stash is used to pay cash to shareholders and thus how comfortably it can support those dividend payments. Based on cash flow, Camden's current payout ratio is about 34%, while Essex is at 59% and MAA is at 54%. These are very sustainable payout levels and point to the ability to raise dividends going forward.That has indeed just happened with Essex, which on Feb. 23 announced a 5% increase in its quarterly payout that marked its 29th consecutive year of dividend increases. That performance, along with the modest payout levels the REIT has sustained and the solidity of the markets it inhabits, helps offset concerns about the dip in FFO per share over the past couple years. Essex stock is currently yielding about 3.8% at a share price of about $230.MAA, meanwhile, has raised its dividend for 13 straight years and is yielding about 3.4% at about $163 a share, and Camden has pumped its payouts by an average of 5.5% over the past three years and is yielding about 3.2% while selling for about $116 a share.Sale price for the march to building wealthAny of these REITs would make a good addition to an income-focused portion of a stock portfolio, and their lowered prices add to that allure. Camden is by one key measure perhaps the cheapest right now, with a price-to-FFO per share ratio of about 11.6, compared with a still quite reasonable 16 for MAA and 18.3 for Essex.An investment in each or all of them this month can help your slow, steady march to building wealth and funding retirement or other well-laid plans for the months ahead.","news_type":1},"isVote":1,"tweetType":1,"viewCount":26,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9991711502,"gmtCreate":1660877978808,"gmtModify":1676536417496,"author":{"id":"4118716590079382","authorId":"4118716590079382","name":"Jean0031","avatar":"https://community-static.tradeup.com/news/28f213a3cbe3bebc3ed79d122de1f59c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4118716590079382","authorIdStr":"4118716590079382"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/AMC\">$AMC Entertainment(AMC)$</a><v-v data-views=\"1\"></v-v>Like","listText":"<a href=\"https://ttm.financial/S/AMC\">$AMC Entertainment(AMC)$</a><v-v data-views=\"1\"></v-v>Like","text":"$AMC Entertainment(AMC)$Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9991711502","isVote":1,"tweetType":1,"viewCount":23,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9906209601,"gmtCreate":1659542186905,"gmtModify":1705981433489,"author":{"id":"4118716590079382","authorId":"4118716590079382","name":"Jean0031","avatar":"https://community-static.tradeup.com/news/28f213a3cbe3bebc3ed79d122de1f59c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4118716590079382","authorIdStr":"4118716590079382"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9906209601","repostId":"1119368533","repostType":4,"repost":{"id":"1119368533","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1659539104,"share":"https://ttm.financial/m/news/1119368533?lang=&edition=fundamental","pubTime":"2022-08-03 23:05","market":"fut","language":"en","title":"Oil Slides on U.S. Crude Build, Slight Output Boost From OPEC+","url":"https://stock-news.laohu8.com/highlight/detail?id=1119368533","media":"Reuters","summary":"U.S. crude stocks build unexpectedly, up 4.5 mln bbls -EIAOPEC+ decides on small 100,000 bpd increas","content":"<html><head></head><body><ul><li>U.S. crude stocks build unexpectedly, up 4.5 mln bbls -EIA</li><li>OPEC+ decides on small 100,000 bpd increase to output target</li><li>U.S. had pushed for more meaningful supply boost</li><li>Iranian and U.S. negotiators travel to Vienna for talks</li></ul><p>(Reuters) - Oil prices slid more than % on Wednesday as U.S. crude stockpiles unexpectedly surged higher last week and after OPEC+ said it would raise its oil output target by only 100,000 barrels per day (bpd).</p><p>Brent crude futures were down $2.44, or 2.43%, at $98.1 a barrel. West Texas Intermediate (WTI) crude futures slipped by $2.49, or 2.64%, to $91.93. Both contracts had seesawed previously.</p><p><img src=\"https://static.tigerbbs.com/9e66a4dc54bc5850332f5d3c3083d367\" tg-width=\"464\" tg-height=\"168\" width=\"100%\" height=\"auto\"/></p><p>The premium for front-month Brent futures over barrels loading in six months&#39; time is at a three-month low, indicating concern over tight supply are abating. The premium for WTI futures for the same months touched a near four-month low.</p><p>U.S. crude stocks rose 4.5 million barrels last week to 426.55 million barrels, according to data from the U.S. Energy Information Administration, compared with an analyst forecast for a draw of 600,000 barrels.</p><p>Industry data late Tuesday showed a smaller weekly U.S. crude build of 2.2 million barrels, traders said.</p><p>Ministers for the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, known as OPEC+, agreed to the small increase to the group&#39;s output target, equal to about 0.1% of global oil demand.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Oil Slides on U.S. Crude Build, Slight Output Boost From OPEC+</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\">\nOil Slides on U.S. Crude Build, Slight Output Boost From OPEC+\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-08-03 23:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>U.S. crude stocks build unexpectedly, up 4.5 mln bbls -EIA</li><li>OPEC+ decides on small 100,000 bpd increase to output target</li><li>U.S. had pushed for more meaningful supply boost</li><li>Iranian and U.S. negotiators travel to Vienna for talks</li></ul><p>(Reuters) - Oil prices slid more than % on Wednesday as U.S. crude stockpiles unexpectedly surged higher last week and after OPEC+ said it would raise its oil output target by only 100,000 barrels per day (bpd).</p><p>Brent crude futures were down $2.44, or 2.43%, at $98.1 a barrel. West Texas Intermediate (WTI) crude futures slipped by $2.49, or 2.64%, to $91.93. Both contracts had seesawed previously.</p><p><img src=\"https://static.tigerbbs.com/9e66a4dc54bc5850332f5d3c3083d367\" tg-width=\"464\" tg-height=\"168\" width=\"100%\" height=\"auto\"/></p><p>The premium for front-month Brent futures over barrels loading in six months&#39; time is at a three-month low, indicating concern over tight supply are abating. The premium for WTI futures for the same months touched a near four-month low.</p><p>U.S. crude stocks rose 4.5 million barrels last week to 426.55 million barrels, according to data from the U.S. Energy Information Administration, compared with an analyst forecast for a draw of 600,000 barrels.</p><p>Industry data late Tuesday showed a smaller weekly U.S. crude build of 2.2 million barrels, traders said.</p><p>Ministers for the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, known as OPEC+, agreed to the small increase to the group&#39;s output target, equal to about 0.1% of global oil demand.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119368533","content_text":"U.S. crude stocks build unexpectedly, up 4.5 mln bbls -EIAOPEC+ decides on small 100,000 bpd increase to output targetU.S. had pushed for more meaningful supply boostIranian and U.S. negotiators travel to Vienna for talks(Reuters) - Oil prices slid more than % on Wednesday as U.S. crude stockpiles unexpectedly surged higher last week and after OPEC+ said it would raise its oil output target by only 100,000 barrels per day (bpd).Brent crude futures were down $2.44, or 2.43%, at $98.1 a barrel. West Texas Intermediate (WTI) crude futures slipped by $2.49, or 2.64%, to $91.93. Both contracts had seesawed previously.The premium for front-month Brent futures over barrels loading in six months' time is at a three-month low, indicating concern over tight supply are abating. The premium for WTI futures for the same months touched a near four-month low.U.S. crude stocks rose 4.5 million barrels last week to 426.55 million barrels, according to data from the U.S. Energy Information Administration, compared with an analyst forecast for a draw of 600,000 barrels.Industry data late Tuesday showed a smaller weekly U.S. crude build of 2.2 million barrels, traders said.Ministers for the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, known as OPEC+, agreed to the small increase to the group's output target, equal to about 0.1% of global oil demand.","news_type":1},"isVote":1,"tweetType":1,"viewCount":59,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}