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healthwise
01-06
Great ariticle, would you like to share it?
Pre-Bell｜U.S. Futures Fall After Jobs Report; Apple and Tesla Underperform; One Company Soars 150%
healthwise
01-06
Great ariticle, would you like to share it?
The December Payroll Report To Confirm The Disinflationary Process
Go to Tiger App to see more news
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The Job openings spiked after the pandemic, which caused the labor shortage and wage inflation. However, the trend i","content":"<html><head></head><body><ul style=\"\"><li><p>The labor market data is likely to confirm the disinflationary process, which will allow the Fed to start cutting interest rates, as expected.</p></li><li><p>The reaction of the bond market is likely to guide the reaction of the stock market, which is prone to a profit-taking dip after the end-of-the-year rally.</p></li><li><p>However, as long as the soft-lending theme holds, the macro environment is positive for the stock market.</p></li></ul><p>The Bureau of Labor is set to release the Payroll report for December 2023 on Friday. Before the Payroll report, we will also get the new data on JOLTS job openings on Wednesday and the Weekly initial claims for unemployment on Thursday. Thus, this week will be very busy for investors, trying to gauge the labor market strength, and what it means for the economy, and the Fed.</p><h2 id=\"id_1502853471\">The context</h2><p>Broadly, the employment data this week needs to confirm that the disinflationary process is still in place, which will allow the Fed to cut interest rates as expected, but also to confirm that the US economy is not slipping into a recession.</p><p>The Fed has made a dovish pivot in December, signaling its intentions to start cutting interest rates this year, acknowledging that inflation is falling faster than expected, and yet suggesting the labor market is unlikely to weaken sufficiently to cause a recession - the Fed expect the unemployment rate to increase to 4.1% this year, from the current level of 3.7%. This is what many have described as a soft landing (hard landing would cause a sharp spike in the unemployment rate and a deep recession).</p><p>The Fed needs to see a continuous disinflationary process until inflation returns to the 2% target. The labor market plays an important part in the disinflationary process via wage growth, which directly affects service inflation. Wage growth is a function of labor supply and labor demand. Thus, the Fed needs to see a moderating wage growth, hopefully via the increased labor supply, as decreasing labor demand would signal a recession.</p><p>Most foresters have predicted a recession in 2023, and even the Fed was predicting a recession at a certain point last year. However, the recession has not arrived yet, specifically due to the resilient consumer spending, which is due to the strong labor market, and the labor market has been strong due to labor shortage. Specifically, the unemployment rate remained at a historically low level despite the aggressive monetary policy tightening, as employers held on to their employees due to the labor shortage.</p><p>The Fed now sees the labor market coming to a balance, which allows the Fed to normalize the policy rate without causing a recession - and that's bullish for stocks. So, that's the macro context.</p><h2 id=\"id_761844\">What do we want to see?</h2><p>Once we get the data, first on Tuesday we want to get the confirmation of moderating labor demand, as proxied by the JOLTS Job Openings. The Job openings spiked after the pandemic, which caused the labor shortage and wage inflation. However, the trend in Job openings has been down - and this reflects a moderating labor demand.</p><p>The consensus is that the Job openings will slightly increase in December to 8.85M from 8.73M. Obviously, it would be positive to get a better-than-expected number, sub-8.73M. However, even with a slight uptick, the trend is still down. Ultimately, Job openings need to fall to pre-pandemic level of 7M, which is not too far from here.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e8dd9c83deb36be264ca9a76ceceba5d\" tg-width=\"640\" tg-height=\"267\"/></p><p>FRED</p><p>We also want to see an increase in labor supply, as proxied by the Labor Force growth. Currently, there are around 4M more participants in the labor force compared to the pre-pandemic level, and the labor force has been growing at around 2% annually, which is a very strong number. We want to see the labor force continue to grow at 2%, via higher participation rates and higher (legal) immigration. A higher labor supply will moderate the wage growth and contribute to the disinflationary process. Here is the chart showing an annual growth in the labor force.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b9024fea3bb96f90798cfc8b0b1f8f0d\" tg-width=\"640\" tg-height=\"273\"/></p><p>FRED</p><p>Obviously, we don't want to see a sharp increase in the unemployment rate, as this would signal a recession. The weekly claims for unemployment is the leading high-frequency labor market indicator - and this indicator has been suggesting that the labor market remains strong. We want to see the weekly claims to stay sub 250K, as the break above could signal a spike - and a recession. Here is the chart, weekly claims have been very low over the last 12 months, staying below 250K.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4fc01b092b1a0359b070cb2a114e0b2c\" tg-width=\"640\" tg-height=\"284\"/></p><p>Trading Economics</p><h2 id=\"id_1730177661\">December payroll report consensus expectations</h2><p>The market consensus is the payroll report on Friday will show a modestly weakening labor market with (only) 168K new jobs created, below October's 199K number. The market would be happy with a number between 160K-180. Obviously, the market would not be happy with a number below 100K as this could suggest a fast-deteriorating labor market and a possible recession down the road. The market would also not be happy with the above 200K number, as this could impede the Fed's plans to cut interest rates in March and cause a bond selloff. Based on the weekly claims, the labor market is still strong, and the risk is still to the upside.</p><p>The market consensus is also for a moderating wage growth at 0.3% mom and 3.9% yoy, which is consistent with the disinflationary process. Similarly, the market expects a slight uptick in the unemployment rate to 3.8%, which is positive as it leads to the Fed's 4.1% target and confirms the Fed's ability to normalize the policy rates.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5cf31c57c1d11e8b32bc1b823e88ccd\" tg-width=\"640\" tg-height=\"187\"/></p><p>Trading Economics</p><h2 id=\"id_3889764096\">Implications</h2><p>Overall, the market consensus calls for a modestly weakening labor market, which confirms the disinflationary process, and allows the Fed to cut interest rates in March. At the same time, the level of new jobs created supports a modestly growing economy and ultimately the "soft-landing" to 1.5% GDP growth in 2024, as expected by the Fed. Thus, if the data comes as expected, this would continue to support the soft-landing scenario, which is bullish for the stock market.</p><p>The stock market, as proxied by the S&P 500 (SP500) is currently overbought after the 2023 parabolic end-of-the-year rally, so investors could be looking for any excuse to sell stocks and take profits, which includes a reaction to the labor market data, even if the report is positive.</p><p>But the true reaction will be in the bond market, which is pricing an aggressive policy easing in 2024. The selloff in the bond market due to the "hot" labor market data, could trigger a deeper correction in the S&P 500, and especially in Nasdaq 100 (QQQ).</p><p>However, the big picture is positive, the current baseline outlook calls for the disinflationary process to continue, which will allow the Fed to cut as expected, which will cancel the expected recession. This is a bullish scenario for stocks.</p><p>The labor market data must continue to confirm this scenario, which is consistent with the market consensus. Thus, any potential technical dip or deeper correction in the stock market will be a buying opportunity - as long as the disinflationary process continues and the Fed cuts early and aggressively, as currently expected.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The December Payroll Report To Confirm The Disinflationary Process</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe December Payroll Report To Confirm The Disinflationary Process\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-05 12:00 GMT+8 <a href=https://seekingalpha.com/article/4660930-december-payroll-report-confirm-disinflationary-process><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The labor market data is likely to confirm the disinflationary process, which will allow the Fed to start cutting interest rates, as expected.The reaction of the bond market is likely to guide the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4660930-december-payroll-report-confirm-disinflationary-process\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4561":"索罗斯持仓","BK4534":"瑞士信贷持仓","SPY":"标普500ETF",".IXIC":"NASDAQ Composite","BK4581":"高盛持仓","BK4588":"碎股","BK4550":"红杉资本持仓",".SPX":"S&P 500 Index","VOO":"Vanguard标普500ETF","QQQ":"纳指100ETF",".DJI":"道琼斯","BK4593":"纳斯达克ETF"},"source_url":"https://seekingalpha.com/article/4660930-december-payroll-report-confirm-disinflationary-process","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2400822657","content_text":"The labor market data is likely to confirm the disinflationary process, which will allow the Fed to start cutting interest rates, as expected.The reaction of the bond market is likely to guide the reaction of the stock market, which is prone to a profit-taking dip after the end-of-the-year rally.However, as long as the soft-lending theme holds, the macro environment is positive for the stock market.The Bureau of Labor is set to release the Payroll report for December 2023 on Friday. Before the Payroll report, we will also get the new data on JOLTS job openings on Wednesday and the Weekly initial claims for unemployment on Thursday. Thus, this week will be very busy for investors, trying to gauge the labor market strength, and what it means for the economy, and the Fed.The contextBroadly, the employment data this week needs to confirm that the disinflationary process is still in place, which will allow the Fed to cut interest rates as expected, but also to confirm that the US economy is not slipping into a recession.The Fed has made a dovish pivot in December, signaling its intentions to start cutting interest rates this year, acknowledging that inflation is falling faster than expected, and yet suggesting the labor market is unlikely to weaken sufficiently to cause a recession - the Fed expect the unemployment rate to increase to 4.1% this year, from the current level of 3.7%. This is what many have described as a soft landing (hard landing would cause a sharp spike in the unemployment rate and a deep recession).The Fed needs to see a continuous disinflationary process until inflation returns to the 2% target. The labor market plays an important part in the disinflationary process via wage growth, which directly affects service inflation. Wage growth is a function of labor supply and labor demand. Thus, the Fed needs to see a moderating wage growth, hopefully via the increased labor supply, as decreasing labor demand would signal a recession.Most foresters have predicted a recession in 2023, and even the Fed was predicting a recession at a certain point last year. However, the recession has not arrived yet, specifically due to the resilient consumer spending, which is due to the strong labor market, and the labor market has been strong due to labor shortage. Specifically, the unemployment rate remained at a historically low level despite the aggressive monetary policy tightening, as employers held on to their employees due to the labor shortage.The Fed now sees the labor market coming to a balance, which allows the Fed to normalize the policy rate without causing a recession - and that's bullish for stocks. So, that's the macro context.What do we want to see?Once we get the data, first on Tuesday we want to get the confirmation of moderating labor demand, as proxied by the JOLTS Job Openings. The Job openings spiked after the pandemic, which caused the labor shortage and wage inflation. However, the trend in Job openings has been down - and this reflects a moderating labor demand.The consensus is that the Job openings will slightly increase in December to 8.85M from 8.73M. Obviously, it would be positive to get a better-than-expected number, sub-8.73M. However, even with a slight uptick, the trend is still down. Ultimately, Job openings need to fall to pre-pandemic level of 7M, which is not too far from here.FREDWe also want to see an increase in labor supply, as proxied by the Labor Force growth. Currently, there are around 4M more participants in the labor force compared to the pre-pandemic level, and the labor force has been growing at around 2% annually, which is a very strong number. We want to see the labor force continue to grow at 2%, via higher participation rates and higher (legal) immigration. A higher labor supply will moderate the wage growth and contribute to the disinflationary process. Here is the chart showing an annual growth in the labor force.FREDObviously, we don't want to see a sharp increase in the unemployment rate, as this would signal a recession. The weekly claims for unemployment is the leading high-frequency labor market indicator - and this indicator has been suggesting that the labor market remains strong. We want to see the weekly claims to stay sub 250K, as the break above could signal a spike - and a recession. Here is the chart, weekly claims have been very low over the last 12 months, staying below 250K.Trading EconomicsDecember payroll report consensus expectationsThe market consensus is the payroll report on Friday will show a modestly weakening labor market with (only) 168K new jobs created, below October's 199K number. The market would be happy with a number between 160K-180. Obviously, the market would not be happy with a number below 100K as this could suggest a fast-deteriorating labor market and a possible recession down the road. The market would also not be happy with the above 200K number, as this could impede the Fed's plans to cut interest rates in March and cause a bond selloff. Based on the weekly claims, the labor market is still strong, and the risk is still to the upside.The market consensus is also for a moderating wage growth at 0.3% mom and 3.9% yoy, which is consistent with the disinflationary process. Similarly, the market expects a slight uptick in the unemployment rate to 3.8%, which is positive as it leads to the Fed's 4.1% target and confirms the Fed's ability to normalize the policy rates.Trading EconomicsImplicationsOverall, the market consensus calls for a modestly weakening labor market, which confirms the disinflationary process, and allows the Fed to cut interest rates in March. At the same time, the level of new jobs created supports a modestly growing economy and ultimately the \"soft-landing\" to 1.5% GDP growth in 2024, as expected by the Fed. Thus, if the data comes as expected, this would continue to support the soft-landing scenario, which is bullish for the stock market.The stock market, as proxied by the S&P 500 (SP500) is currently overbought after the 2023 parabolic end-of-the-year rally, so investors could be looking for any excuse to sell stocks and take profits, which includes a reaction to the labor market data, even if the report is positive.But the true reaction will be in the bond market, which is pricing an aggressive policy easing in 2024. The selloff in the bond market due to the \"hot\" labor market data, could trigger a deeper correction in the S&P 500, and especially in Nasdaq 100 (QQQ).However, the big picture is positive, the current baseline outlook calls for the disinflationary process to continue, which will allow the Fed to cut as expected, which will cancel the expected recession. This is a bullish scenario for stocks.The labor market data must continue to confirm this scenario, which is consistent with the market consensus. Thus, any potential technical dip or deeper correction in the stock market will be a buying opportunity - as long as the disinflationary process continues and the Fed cuts early and aggressively, as currently expected.","news_type":1},"isVote":1,"tweetType":1,"viewCount":30,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":260067373862984,"gmtCreate":1704503474167,"gmtModify":1704506512680,"author":{"id":"4167526910669932","authorId":"4167526910669932","name":"healthwise","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4167526910669932","authorIdStr":"4167526910669932"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/260067373862984","repostId":"1197575571","repostType":4,"repost":{"id":"1197575571","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1704462300,"share":"https://ttm.financial/m/news/1197575571?lang=&edition=fundamental","pubTime":"2024-01-05 21:45","market":"us","language":"en","title":"Pre-Bell｜U.S. Futures Fall After Jobs Report; Apple and Tesla Underperform; One Company Soars 150%","url":"https://stock-news.laohu8.com/highlight/detail?id=1197575571","media":"Tiger Newspress","summary":"U.S. stock index futures slipped on Friday and signaled losses for the first week of 2024 as investors awaited a key jobs report that could test expectations for an early start to the Federal Reserve'","content":"<html><head></head><body><p>U.S. stock futures extended declines and bond yields spiked after jobs data fueled fears that wagers on Federal Reserve rate cuts may have gone too far.</p><p>US job growth picked up in December and wage gains exceeded expectations, diminishing prospects for a Federal Reserve interest-rate cut in March.</p><p style=\"text-align: start;\">Nonfarm payrolls increased 216,000 after a downwardly revised 173,000 advance in November, a Bureau of Labor Statistics report showed Friday. The unemployment rate held at 3.7% as the workforce shrank. Average hourly earnings rose 0.4% from a month earlier.</p><h2 id=\"id_727646980\">Market Snapshot</h2><p>At 8:44 a.m. ET, Dow e-minis were down 131 points, or 0.35%, S&P 500 e-minis were down 18.25 points, or 0.39%, and Nasdaq 100 e-minis were down 74.25 points, or 0.45%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e5c9ce5a8377978e2c5e4c3d5bfa82a8\" title=\"\" tg-width=\"395\" tg-height=\"204\"/></p><h2 id=\"id_4262469929\">Pre-Market Movers</h2><p><strong>Apple (AAPL)</strong> - Apple declined 0.5% in premarket trading. Shares of the tech giant have fallen 5.5% so far in 2024, and have closed lower for four straight days. Two Wall Street firms have downgraded the stock this week.</p><p><strong>Tesla (TSLA)</strong> - Tesla shed 0.8% in trading before the bell. The electric-vehicle maker is doing an effective recall on 1.62 million vehicles in China, the market regulator said. Tesla can remotely upgrade the vehicles to fix the issues, the China State Administration for Market Regulation said in a statement. The move is categorised as a product recall under Chinese regulations.</p><p><strong>Palantir (PLTR)</strong> - Palantir Technologies was falling 4.4% to $15.54. Analysts at Jefferies downgraded shares of the data-analytics company to Underperform from Hold and the price target was cut to $13 from $18.</p><p style=\"text-align: start;\"><strong>QuantumScape (QS)</strong> - QuantumScape was falling 0.8%, a day after closing with a gain of 43%. Volkswagen’s battery company, PowerCo, said Thursday that QuantumScape’s solid-state battery cell had “significantly exceeded the requirements in the A-sample test and successfully completed more than 1,000 charging cycles,” indicating progress in a technology that could be cheaper, offer faster charging, and greater driving ranges.</p><p><strong>Peloton (PTON)</strong> - Peloton stock jumped another 5.7% in premarket trading Friday after surging 13.9% Thursday on TikTok partnership.</p><p><strong>Costco (COST)</strong> - Costco Wholesale said revenue in December jumped 9.9% from a year earlier to $26.2 billion, marking an acceleration over the 5.1% increase in November. Same-store sales rose 8.5%. In November, same-store sales gained 3.5%. Holiday shopping was largely behind the surge. Shares of the membership retail chain rose 0.7%.</p><p><strong>Exxon Mobil (XOM), Chevron (CVX)</strong> - Exxon Mobil said it expects to record impairments of as much as $2.6 billion in its upstream business in the fourth quarter, which “primarily reflect idle Upstream Santa Ynez Unit assets and associated facilities in California.” The energy giant said in a regulatory filing that “continuing challenges in the state regulatory environment have impeded progress in restoring operations.” Earlier this week, Chevron said it would record a charge of as much as $4 billion in the fourth quarter, citing environmental regulation in California and issues in some Gulf of Mexico fields. Exxon shares were up 0.3%, while Chevron rose 0.4%.</p><p style=\"text-align: start;\"><strong>IBM (IBM)</strong> - International Business Machines (IBM) was downgraded to Sell from Hold by analysts at Societe Generale, who also left their price target unchanged at $143. Jefferies analysts, meanwhile, initiated coverage on the stock with a Hold rating and price target of $180. IBM shares were down 1.2% to $158.90.</p><p><strong>Dermata Therapeutics (DRMA)</strong> - Shares of Dermata Therapeutics jumped 59.5% in premarket trading following a newly issued patent in Japan.</p><p><strong>Applied Therapeutics (APLT)</strong> - Applied Therapeutics tumbled 31.7% after the drug developer's heart disease drug showed disappointing results in a late-stage trial.</p><p><strong>Voyager Therapeutics (VYGR)</strong> - Voyager Therapeutics shares dropped 16.6% in premarket trading Friday. Voyager Therapeutics announced the pricing of an underwritten public offering of ~7.78M common shares and pre-funded warrants to purchase ~3.33M common shares.</p><p style=\"text-align: start;\"><strong>Fusion Pharmaceuticals (FUSN)</strong> - Fusion Pharmaceuticals, a clinical-stage oncology company, said it achieved alignment with the Food and Drug Administration on a Phase 2/3 protocol protocol and development plan for FPI-2265, a treatment for certain kinds of prostate cancer. Shares rose 9.5%.</p><p><strong>Ainos (AIMD)</strong> - The healthcare company Ainos shares soared 150.3% in premarket trading although there was no relevant news today.</p><p>Ainos, Inc. announced on Tuesday that on December 29, 2023, the Company received a written notice from The Nasdaq Stock Market. The notice informed Ainos that it has regained compliance with the minimum bid price requirement under NASDAQ Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market.</p><h2 id=\"id_1288056626\">Market News</h2><h3 id=\"id_2888167485\">Short Sellers Lost $195 Billion in 2023 Despite Wins on Regional Banks</h3><p>Overall, short sellers ended 2023 with paper losses of nearly $195 billion, offsetting about two-thirds of the nearly $300 billion in gains they reaped in the market rout of 2022, according to S3. The group lost about $142 billion cumulatively in 2021 and $242 billion in 2020.</p><p>Tesla Inc. gave short sellers the most pain, with $12.2 billion in paper losses in 2023 as the stock of the electric-vehicle maker roughly doubled. Nvidia Corp, which lost contrarian traders $11.2 billion, was next on the list, which includes most of the so-called Magnificent Seven, semiconductor companies and also Coinbase Global Inc. as bitcoin rallied.</p><p>First Republic Bank’s collapse made it the year’s most profitable short wager, yielding paper profits of $1.6 billion, according to data from S3 Partners LLC. Meanwhile, vaccine producer Moderna Inc., which slumped 45% in 2023, was second, earning $1.1 billion for short sellers, who bet on a stock’s decline.</p><h3 id=\"id_3097957926\">OpenAI to Launch Online Store for Custom Versions of ChatGPT Next Week</h3><p>OpenAI is planning to launch an online store next week that will let people share custom versions of the company’s popular ChatGPT chatbot after previously delaying the effort, according to an email sent to some users on Thursday.</p><p>San Francisco-based OpenAI announced at its developer conference in November that users could start building GPTs — its term for custom versions of ChatGPT — without needing to learn any coding. With this option, users can quickly create chatbots that teach math to a child or come up with colorful cocktail recipes.</p><p>OpenAI originally said it planned to introduce a store later in November where people could find tailored chatbots from other users — and make money from their own — much as they might with apps in Apple Inc.’s App Store. OpenAI later delayed the rollout of the online store to early 2024, citing the interruption caused by the ousting and reinstatement of Chief Executive Officer Sam Altman in November.</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>Pre-Bell｜U.S. Futures Fall After Jobs Report; Apple and Tesla Underperform; One Company Soars 150%</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\">\nPre-Bell｜U.S. Futures Fall After Jobs Report; Apple and Tesla Underperform; One Company Soars 150%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-01-05 21:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock futures extended declines and bond yields spiked after jobs data fueled fears that wagers on Federal Reserve rate cuts may have gone too far.</p><p>US job growth picked up in December and wage gains exceeded expectations, diminishing prospects for a Federal Reserve interest-rate cut in March.</p><p style=\"text-align: start;\">Nonfarm payrolls increased 216,000 after a downwardly revised 173,000 advance in November, a Bureau of Labor Statistics report showed Friday. The unemployment rate held at 3.7% as the workforce shrank. Average hourly earnings rose 0.4% from a month earlier.</p><h2 id=\"id_727646980\">Market Snapshot</h2><p>At 8:44 a.m. ET, Dow e-minis were down 131 points, or 0.35%, S&P 500 e-minis were down 18.25 points, or 0.39%, and Nasdaq 100 e-minis were down 74.25 points, or 0.45%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e5c9ce5a8377978e2c5e4c3d5bfa82a8\" title=\"\" tg-width=\"395\" tg-height=\"204\"/></p><h2 id=\"id_4262469929\">Pre-Market Movers</h2><p><strong>Apple (AAPL)</strong> - Apple declined 0.5% in premarket trading. Shares of the tech giant have fallen 5.5% so far in 2024, and have closed lower for four straight days. Two Wall Street firms have downgraded the stock this week.</p><p><strong>Tesla (TSLA)</strong> - Tesla shed 0.8% in trading before the bell. The electric-vehicle maker is doing an effective recall on 1.62 million vehicles in China, the market regulator said. Tesla can remotely upgrade the vehicles to fix the issues, the China State Administration for Market Regulation said in a statement. The move is categorised as a product recall under Chinese regulations.</p><p><strong>Palantir (PLTR)</strong> - Palantir Technologies was falling 4.4% to $15.54. Analysts at Jefferies downgraded shares of the data-analytics company to Underperform from Hold and the price target was cut to $13 from $18.</p><p style=\"text-align: start;\"><strong>QuantumScape (QS)</strong> - QuantumScape was falling 0.8%, a day after closing with a gain of 43%. Volkswagen’s battery company, PowerCo, said Thursday that QuantumScape’s solid-state battery cell had “significantly exceeded the requirements in the A-sample test and successfully completed more than 1,000 charging cycles,” indicating progress in a technology that could be cheaper, offer faster charging, and greater driving ranges.</p><p><strong>Peloton (PTON)</strong> - Peloton stock jumped another 5.7% in premarket trading Friday after surging 13.9% Thursday on TikTok partnership.</p><p><strong>Costco (COST)</strong> - Costco Wholesale said revenue in December jumped 9.9% from a year earlier to $26.2 billion, marking an acceleration over the 5.1% increase in November. Same-store sales rose 8.5%. In November, same-store sales gained 3.5%. Holiday shopping was largely behind the surge. Shares of the membership retail chain rose 0.7%.</p><p><strong>Exxon Mobil (XOM), Chevron (CVX)</strong> - Exxon Mobil said it expects to record impairments of as much as $2.6 billion in its upstream business in the fourth quarter, which “primarily reflect idle Upstream Santa Ynez Unit assets and associated facilities in California.” The energy giant said in a regulatory filing that “continuing challenges in the state regulatory environment have impeded progress in restoring operations.” Earlier this week, Chevron said it would record a charge of as much as $4 billion in the fourth quarter, citing environmental regulation in California and issues in some Gulf of Mexico fields. Exxon shares were up 0.3%, while Chevron rose 0.4%.</p><p style=\"text-align: start;\"><strong>IBM (IBM)</strong> - International Business Machines (IBM) was downgraded to Sell from Hold by analysts at Societe Generale, who also left their price target unchanged at $143. Jefferies analysts, meanwhile, initiated coverage on the stock with a Hold rating and price target of $180. IBM shares were down 1.2% to $158.90.</p><p><strong>Dermata Therapeutics (DRMA)</strong> - Shares of Dermata Therapeutics jumped 59.5% in premarket trading following a newly issued patent in Japan.</p><p><strong>Applied Therapeutics (APLT)</strong> - Applied Therapeutics tumbled 31.7% after the drug developer's heart disease drug showed disappointing results in a late-stage trial.</p><p><strong>Voyager Therapeutics (VYGR)</strong> - Voyager Therapeutics shares dropped 16.6% in premarket trading Friday. Voyager Therapeutics announced the pricing of an underwritten public offering of ~7.78M common shares and pre-funded warrants to purchase ~3.33M common shares.</p><p style=\"text-align: start;\"><strong>Fusion Pharmaceuticals (FUSN)</strong> - Fusion Pharmaceuticals, a clinical-stage oncology company, said it achieved alignment with the Food and Drug Administration on a Phase 2/3 protocol protocol and development plan for FPI-2265, a treatment for certain kinds of prostate cancer. Shares rose 9.5%.</p><p><strong>Ainos (AIMD)</strong> - The healthcare company Ainos shares soared 150.3% in premarket trading although there was no relevant news today.</p><p>Ainos, Inc. announced on Tuesday that on December 29, 2023, the Company received a written notice from The Nasdaq Stock Market. The notice informed Ainos that it has regained compliance with the minimum bid price requirement under NASDAQ Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market.</p><h2 id=\"id_1288056626\">Market News</h2><h3 id=\"id_2888167485\">Short Sellers Lost $195 Billion in 2023 Despite Wins on Regional Banks</h3><p>Overall, short sellers ended 2023 with paper losses of nearly $195 billion, offsetting about two-thirds of the nearly $300 billion in gains they reaped in the market rout of 2022, according to S3. The group lost about $142 billion cumulatively in 2021 and $242 billion in 2020.</p><p>Tesla Inc. gave short sellers the most pain, with $12.2 billion in paper losses in 2023 as the stock of the electric-vehicle maker roughly doubled. Nvidia Corp, which lost contrarian traders $11.2 billion, was next on the list, which includes most of the so-called Magnificent Seven, semiconductor companies and also Coinbase Global Inc. as bitcoin rallied.</p><p>First Republic Bank’s collapse made it the year’s most profitable short wager, yielding paper profits of $1.6 billion, according to data from S3 Partners LLC. Meanwhile, vaccine producer Moderna Inc., which slumped 45% in 2023, was second, earning $1.1 billion for short sellers, who bet on a stock’s decline.</p><h3 id=\"id_3097957926\">OpenAI to Launch Online Store for Custom Versions of ChatGPT Next Week</h3><p>OpenAI is planning to launch an online store next week that will let people share custom versions of the company’s popular ChatGPT chatbot after previously delaying the effort, according to an email sent to some users on Thursday.</p><p>San Francisco-based OpenAI announced at its developer conference in November that users could start building GPTs — its term for custom versions of ChatGPT — without needing to learn any coding. With this option, users can quickly create chatbots that teach math to a child or come up with colorful cocktail recipes.</p><p>OpenAI originally said it planned to introduce a store later in November where people could find tailored chatbots from other users — and make money from their own — much as they might with apps in Apple Inc.’s App Store. OpenAI later delayed the rollout of the online store to early 2024, citing the interruption caused by the ousting and reinstatement of Chief Executive Officer Sam Altman in November.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","VYGR":"Voyager Therapeutics Inc","APLT":"Applied Therapeutics Inc.","PLTR":"Palantir Technologies Inc.","STZ":"星座品牌","FUSN":"Fusion Pharmaceuticals Inc.","QS":"Quantumscape Corp.","CVX":"雪佛龙","AIMD":"AINOS Inc.",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","DRMA":"Dermata Therapeutics Inc",".SPX":"S&P 500 Index","IBM":"IBM","XOM":"埃克森美孚","PTON":"Peloton Interactive, Inc.","COST":"好市多"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197575571","content_text":"U.S. stock futures extended declines and bond yields spiked after jobs data fueled fears that wagers on Federal Reserve rate cuts may have gone too far.US job growth picked up in December and wage gains exceeded expectations, diminishing prospects for a Federal Reserve interest-rate cut in March.Nonfarm payrolls increased 216,000 after a downwardly revised 173,000 advance in November, a Bureau of Labor Statistics report showed Friday. The unemployment rate held at 3.7% as the workforce shrank. Average hourly earnings rose 0.4% from a month earlier.Market SnapshotAt 8:44 a.m. ET, Dow e-minis were down 131 points, or 0.35%, S&P 500 e-minis were down 18.25 points, or 0.39%, and Nasdaq 100 e-minis were down 74.25 points, or 0.45%.Pre-Market MoversApple (AAPL) - Apple declined 0.5% in premarket trading. Shares of the tech giant have fallen 5.5% so far in 2024, and have closed lower for four straight days. Two Wall Street firms have downgraded the stock this week.Tesla (TSLA) - Tesla shed 0.8% in trading before the bell. The electric-vehicle maker is doing an effective recall on 1.62 million vehicles in China, the market regulator said. Tesla can remotely upgrade the vehicles to fix the issues, the China State Administration for Market Regulation said in a statement. The move is categorised as a product recall under Chinese regulations.Palantir (PLTR) - Palantir Technologies was falling 4.4% to $15.54. Analysts at Jefferies downgraded shares of the data-analytics company to Underperform from Hold and the price target was cut to $13 from $18.QuantumScape (QS) - QuantumScape was falling 0.8%, a day after closing with a gain of 43%. Volkswagen’s battery company, PowerCo, said Thursday that QuantumScape’s solid-state battery cell had “significantly exceeded the requirements in the A-sample test and successfully completed more than 1,000 charging cycles,” indicating progress in a technology that could be cheaper, offer faster charging, and greater driving ranges.Peloton (PTON) - Peloton stock jumped another 5.7% in premarket trading Friday after surging 13.9% Thursday on TikTok partnership.Costco (COST) - Costco Wholesale said revenue in December jumped 9.9% from a year earlier to $26.2 billion, marking an acceleration over the 5.1% increase in November. Same-store sales rose 8.5%. In November, same-store sales gained 3.5%. Holiday shopping was largely behind the surge. Shares of the membership retail chain rose 0.7%.Exxon Mobil (XOM), Chevron (CVX) - Exxon Mobil said it expects to record impairments of as much as $2.6 billion in its upstream business in the fourth quarter, which “primarily reflect idle Upstream Santa Ynez Unit assets and associated facilities in California.” The energy giant said in a regulatory filing that “continuing challenges in the state regulatory environment have impeded progress in restoring operations.” Earlier this week, Chevron said it would record a charge of as much as $4 billion in the fourth quarter, citing environmental regulation in California and issues in some Gulf of Mexico fields. Exxon shares were up 0.3%, while Chevron rose 0.4%.IBM (IBM) - International Business Machines (IBM) was downgraded to Sell from Hold by analysts at Societe Generale, who also left their price target unchanged at $143. Jefferies analysts, meanwhile, initiated coverage on the stock with a Hold rating and price target of $180. IBM shares were down 1.2% to $158.90.Dermata Therapeutics (DRMA) - Shares of Dermata Therapeutics jumped 59.5% in premarket trading following a newly issued patent in Japan.Applied Therapeutics (APLT) - Applied Therapeutics tumbled 31.7% after the drug developer's heart disease drug showed disappointing results in a late-stage trial.Voyager Therapeutics (VYGR) - Voyager Therapeutics shares dropped 16.6% in premarket trading Friday. Voyager Therapeutics announced the pricing of an underwritten public offering of ~7.78M common shares and pre-funded warrants to purchase ~3.33M common shares.Fusion Pharmaceuticals (FUSN) - Fusion Pharmaceuticals, a clinical-stage oncology company, said it achieved alignment with the Food and Drug Administration on a Phase 2/3 protocol protocol and development plan for FPI-2265, a treatment for certain kinds of prostate cancer. Shares rose 9.5%.Ainos (AIMD) - The healthcare company Ainos shares soared 150.3% in premarket trading although there was no relevant news today.Ainos, Inc. announced on Tuesday that on December 29, 2023, the Company received a written notice from The Nasdaq Stock Market. The notice informed Ainos that it has regained compliance with the minimum bid price requirement under NASDAQ Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market.Market NewsShort Sellers Lost $195 Billion in 2023 Despite Wins on Regional BanksOverall, short sellers ended 2023 with paper losses of nearly $195 billion, offsetting about two-thirds of the nearly $300 billion in gains they reaped in the market rout of 2022, according to S3. The group lost about $142 billion cumulatively in 2021 and $242 billion in 2020.Tesla Inc. gave short sellers the most pain, with $12.2 billion in paper losses in 2023 as the stock of the electric-vehicle maker roughly doubled. Nvidia Corp, which lost contrarian traders $11.2 billion, was next on the list, which includes most of the so-called Magnificent Seven, semiconductor companies and also Coinbase Global Inc. as bitcoin rallied.First Republic Bank’s collapse made it the year’s most profitable short wager, yielding paper profits of $1.6 billion, according to data from S3 Partners LLC. Meanwhile, vaccine producer Moderna Inc., which slumped 45% in 2023, was second, earning $1.1 billion for short sellers, who bet on a stock’s decline.OpenAI to Launch Online Store for Custom Versions of ChatGPT Next WeekOpenAI is planning to launch an online store next week that will let people share custom versions of the company’s popular ChatGPT chatbot after previously delaying the effort, according to an email sent to some users on Thursday.San Francisco-based OpenAI announced at its developer conference in November that users could start building GPTs — its term for custom versions of ChatGPT — without needing to learn any coding. With this option, users can quickly create chatbots that teach math to a child or come up with colorful cocktail recipes.OpenAI originally said it planned to introduce a store later in November where people could find tailored chatbots from other users — and make money from their own — much as they might with apps in Apple Inc.’s App Store. OpenAI later delayed the rollout of the online store to early 2024, citing the interruption caused by the ousting and reinstatement of Chief Executive Officer Sam Altman in November.","news_type":1},"isVote":1,"tweetType":1,"viewCount":4,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":260067373862984,"gmtCreate":1704503474167,"gmtModify":1704506512680,"author":{"id":"4167526910669932","authorId":"4167526910669932","name":"healthwise","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4167526910669932","authorIdStr":"4167526910669932"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/260067373862984","repostId":"1197575571","repostType":4,"repost":{"id":"1197575571","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1704462300,"share":"https://ttm.financial/m/news/1197575571?lang=&edition=fundamental","pubTime":"2024-01-05 21:45","market":"us","language":"en","title":"Pre-Bell｜U.S. Futures Fall After Jobs Report; Apple and Tesla Underperform; One Company Soars 150%","url":"https://stock-news.laohu8.com/highlight/detail?id=1197575571","media":"Tiger Newspress","summary":"U.S. stock index futures slipped on Friday and signaled losses for the first week of 2024 as investors awaited a key jobs report that could test expectations for an early start to the Federal Reserve'","content":"<html><head></head><body><p>U.S. stock futures extended declines and bond yields spiked after jobs data fueled fears that wagers on Federal Reserve rate cuts may have gone too far.</p><p>US job growth picked up in December and wage gains exceeded expectations, diminishing prospects for a Federal Reserve interest-rate cut in March.</p><p style=\"text-align: start;\">Nonfarm payrolls increased 216,000 after a downwardly revised 173,000 advance in November, a Bureau of Labor Statistics report showed Friday. The unemployment rate held at 3.7% as the workforce shrank. Average hourly earnings rose 0.4% from a month earlier.</p><h2 id=\"id_727646980\">Market Snapshot</h2><p>At 8:44 a.m. ET, Dow e-minis were down 131 points, or 0.35%, S&P 500 e-minis were down 18.25 points, or 0.39%, and Nasdaq 100 e-minis were down 74.25 points, or 0.45%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e5c9ce5a8377978e2c5e4c3d5bfa82a8\" title=\"\" tg-width=\"395\" tg-height=\"204\"/></p><h2 id=\"id_4262469929\">Pre-Market Movers</h2><p><strong>Apple (AAPL)</strong> - Apple declined 0.5% in premarket trading. Shares of the tech giant have fallen 5.5% so far in 2024, and have closed lower for four straight days. Two Wall Street firms have downgraded the stock this week.</p><p><strong>Tesla (TSLA)</strong> - Tesla shed 0.8% in trading before the bell. The electric-vehicle maker is doing an effective recall on 1.62 million vehicles in China, the market regulator said. Tesla can remotely upgrade the vehicles to fix the issues, the China State Administration for Market Regulation said in a statement. The move is categorised as a product recall under Chinese regulations.</p><p><strong>Palantir (PLTR)</strong> - Palantir Technologies was falling 4.4% to $15.54. Analysts at Jefferies downgraded shares of the data-analytics company to Underperform from Hold and the price target was cut to $13 from $18.</p><p style=\"text-align: start;\"><strong>QuantumScape (QS)</strong> - QuantumScape was falling 0.8%, a day after closing with a gain of 43%. Volkswagen’s battery company, PowerCo, said Thursday that QuantumScape’s solid-state battery cell had “significantly exceeded the requirements in the A-sample test and successfully completed more than 1,000 charging cycles,” indicating progress in a technology that could be cheaper, offer faster charging, and greater driving ranges.</p><p><strong>Peloton (PTON)</strong> - Peloton stock jumped another 5.7% in premarket trading Friday after surging 13.9% Thursday on TikTok partnership.</p><p><strong>Costco (COST)</strong> - Costco Wholesale said revenue in December jumped 9.9% from a year earlier to $26.2 billion, marking an acceleration over the 5.1% increase in November. Same-store sales rose 8.5%. In November, same-store sales gained 3.5%. Holiday shopping was largely behind the surge. Shares of the membership retail chain rose 0.7%.</p><p><strong>Exxon Mobil (XOM), Chevron (CVX)</strong> - Exxon Mobil said it expects to record impairments of as much as $2.6 billion in its upstream business in the fourth quarter, which “primarily reflect idle Upstream Santa Ynez Unit assets and associated facilities in California.” The energy giant said in a regulatory filing that “continuing challenges in the state regulatory environment have impeded progress in restoring operations.” Earlier this week, Chevron said it would record a charge of as much as $4 billion in the fourth quarter, citing environmental regulation in California and issues in some Gulf of Mexico fields. Exxon shares were up 0.3%, while Chevron rose 0.4%.</p><p style=\"text-align: start;\"><strong>IBM (IBM)</strong> - International Business Machines (IBM) was downgraded to Sell from Hold by analysts at Societe Generale, who also left their price target unchanged at $143. Jefferies analysts, meanwhile, initiated coverage on the stock with a Hold rating and price target of $180. IBM shares were down 1.2% to $158.90.</p><p><strong>Dermata Therapeutics (DRMA)</strong> - Shares of Dermata Therapeutics jumped 59.5% in premarket trading following a newly issued patent in Japan.</p><p><strong>Applied Therapeutics (APLT)</strong> - Applied Therapeutics tumbled 31.7% after the drug developer's heart disease drug showed disappointing results in a late-stage trial.</p><p><strong>Voyager Therapeutics (VYGR)</strong> - Voyager Therapeutics shares dropped 16.6% in premarket trading Friday. Voyager Therapeutics announced the pricing of an underwritten public offering of ~7.78M common shares and pre-funded warrants to purchase ~3.33M common shares.</p><p style=\"text-align: start;\"><strong>Fusion Pharmaceuticals (FUSN)</strong> - Fusion Pharmaceuticals, a clinical-stage oncology company, said it achieved alignment with the Food and Drug Administration on a Phase 2/3 protocol protocol and development plan for FPI-2265, a treatment for certain kinds of prostate cancer. Shares rose 9.5%.</p><p><strong>Ainos (AIMD)</strong> - The healthcare company Ainos shares soared 150.3% in premarket trading although there was no relevant news today.</p><p>Ainos, Inc. announced on Tuesday that on December 29, 2023, the Company received a written notice from The Nasdaq Stock Market. The notice informed Ainos that it has regained compliance with the minimum bid price requirement under NASDAQ Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market.</p><h2 id=\"id_1288056626\">Market News</h2><h3 id=\"id_2888167485\">Short Sellers Lost $195 Billion in 2023 Despite Wins on Regional Banks</h3><p>Overall, short sellers ended 2023 with paper losses of nearly $195 billion, offsetting about two-thirds of the nearly $300 billion in gains they reaped in the market rout of 2022, according to S3. The group lost about $142 billion cumulatively in 2021 and $242 billion in 2020.</p><p>Tesla Inc. gave short sellers the most pain, with $12.2 billion in paper losses in 2023 as the stock of the electric-vehicle maker roughly doubled. Nvidia Corp, which lost contrarian traders $11.2 billion, was next on the list, which includes most of the so-called Magnificent Seven, semiconductor companies and also Coinbase Global Inc. as bitcoin rallied.</p><p>First Republic Bank’s collapse made it the year’s most profitable short wager, yielding paper profits of $1.6 billion, according to data from S3 Partners LLC. Meanwhile, vaccine producer Moderna Inc., which slumped 45% in 2023, was second, earning $1.1 billion for short sellers, who bet on a stock’s decline.</p><h3 id=\"id_3097957926\">OpenAI to Launch Online Store for Custom Versions of ChatGPT Next Week</h3><p>OpenAI is planning to launch an online store next week that will let people share custom versions of the company’s popular ChatGPT chatbot after previously delaying the effort, according to an email sent to some users on Thursday.</p><p>San Francisco-based OpenAI announced at its developer conference in November that users could start building GPTs — its term for custom versions of ChatGPT — without needing to learn any coding. With this option, users can quickly create chatbots that teach math to a child or come up with colorful cocktail recipes.</p><p>OpenAI originally said it planned to introduce a store later in November where people could find tailored chatbots from other users — and make money from their own — much as they might with apps in Apple Inc.’s App Store. OpenAI later delayed the rollout of the online store to early 2024, citing the interruption caused by the ousting and reinstatement of Chief Executive Officer Sam Altman in November.</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>Pre-Bell｜U.S. Futures Fall After Jobs Report; Apple and Tesla Underperform; One Company Soars 150%</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\">\nPre-Bell｜U.S. Futures Fall After Jobs Report; Apple and Tesla Underperform; One Company Soars 150%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2024-01-05 21:45</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock futures extended declines and bond yields spiked after jobs data fueled fears that wagers on Federal Reserve rate cuts may have gone too far.</p><p>US job growth picked up in December and wage gains exceeded expectations, diminishing prospects for a Federal Reserve interest-rate cut in March.</p><p style=\"text-align: start;\">Nonfarm payrolls increased 216,000 after a downwardly revised 173,000 advance in November, a Bureau of Labor Statistics report showed Friday. The unemployment rate held at 3.7% as the workforce shrank. Average hourly earnings rose 0.4% from a month earlier.</p><h2 id=\"id_727646980\">Market Snapshot</h2><p>At 8:44 a.m. ET, Dow e-minis were down 131 points, or 0.35%, S&P 500 e-minis were down 18.25 points, or 0.39%, and Nasdaq 100 e-minis were down 74.25 points, or 0.45%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e5c9ce5a8377978e2c5e4c3d5bfa82a8\" title=\"\" tg-width=\"395\" tg-height=\"204\"/></p><h2 id=\"id_4262469929\">Pre-Market Movers</h2><p><strong>Apple (AAPL)</strong> - Apple declined 0.5% in premarket trading. Shares of the tech giant have fallen 5.5% so far in 2024, and have closed lower for four straight days. Two Wall Street firms have downgraded the stock this week.</p><p><strong>Tesla (TSLA)</strong> - Tesla shed 0.8% in trading before the bell. The electric-vehicle maker is doing an effective recall on 1.62 million vehicles in China, the market regulator said. Tesla can remotely upgrade the vehicles to fix the issues, the China State Administration for Market Regulation said in a statement. The move is categorised as a product recall under Chinese regulations.</p><p><strong>Palantir (PLTR)</strong> - Palantir Technologies was falling 4.4% to $15.54. Analysts at Jefferies downgraded shares of the data-analytics company to Underperform from Hold and the price target was cut to $13 from $18.</p><p style=\"text-align: start;\"><strong>QuantumScape (QS)</strong> - QuantumScape was falling 0.8%, a day after closing with a gain of 43%. Volkswagen’s battery company, PowerCo, said Thursday that QuantumScape’s solid-state battery cell had “significantly exceeded the requirements in the A-sample test and successfully completed more than 1,000 charging cycles,” indicating progress in a technology that could be cheaper, offer faster charging, and greater driving ranges.</p><p><strong>Peloton (PTON)</strong> - Peloton stock jumped another 5.7% in premarket trading Friday after surging 13.9% Thursday on TikTok partnership.</p><p><strong>Costco (COST)</strong> - Costco Wholesale said revenue in December jumped 9.9% from a year earlier to $26.2 billion, marking an acceleration over the 5.1% increase in November. Same-store sales rose 8.5%. In November, same-store sales gained 3.5%. Holiday shopping was largely behind the surge. Shares of the membership retail chain rose 0.7%.</p><p><strong>Exxon Mobil (XOM), Chevron (CVX)</strong> - Exxon Mobil said it expects to record impairments of as much as $2.6 billion in its upstream business in the fourth quarter, which “primarily reflect idle Upstream Santa Ynez Unit assets and associated facilities in California.” The energy giant said in a regulatory filing that “continuing challenges in the state regulatory environment have impeded progress in restoring operations.” Earlier this week, Chevron said it would record a charge of as much as $4 billion in the fourth quarter, citing environmental regulation in California and issues in some Gulf of Mexico fields. Exxon shares were up 0.3%, while Chevron rose 0.4%.</p><p style=\"text-align: start;\"><strong>IBM (IBM)</strong> - International Business Machines (IBM) was downgraded to Sell from Hold by analysts at Societe Generale, who also left their price target unchanged at $143. Jefferies analysts, meanwhile, initiated coverage on the stock with a Hold rating and price target of $180. IBM shares were down 1.2% to $158.90.</p><p><strong>Dermata Therapeutics (DRMA)</strong> - Shares of Dermata Therapeutics jumped 59.5% in premarket trading following a newly issued patent in Japan.</p><p><strong>Applied Therapeutics (APLT)</strong> - Applied Therapeutics tumbled 31.7% after the drug developer's heart disease drug showed disappointing results in a late-stage trial.</p><p><strong>Voyager Therapeutics (VYGR)</strong> - Voyager Therapeutics shares dropped 16.6% in premarket trading Friday. Voyager Therapeutics announced the pricing of an underwritten public offering of ~7.78M common shares and pre-funded warrants to purchase ~3.33M common shares.</p><p style=\"text-align: start;\"><strong>Fusion Pharmaceuticals (FUSN)</strong> - Fusion Pharmaceuticals, a clinical-stage oncology company, said it achieved alignment with the Food and Drug Administration on a Phase 2/3 protocol protocol and development plan for FPI-2265, a treatment for certain kinds of prostate cancer. Shares rose 9.5%.</p><p><strong>Ainos (AIMD)</strong> - The healthcare company Ainos shares soared 150.3% in premarket trading although there was no relevant news today.</p><p>Ainos, Inc. announced on Tuesday that on December 29, 2023, the Company received a written notice from The Nasdaq Stock Market. The notice informed Ainos that it has regained compliance with the minimum bid price requirement under NASDAQ Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market.</p><h2 id=\"id_1288056626\">Market News</h2><h3 id=\"id_2888167485\">Short Sellers Lost $195 Billion in 2023 Despite Wins on Regional Banks</h3><p>Overall, short sellers ended 2023 with paper losses of nearly $195 billion, offsetting about two-thirds of the nearly $300 billion in gains they reaped in the market rout of 2022, according to S3. The group lost about $142 billion cumulatively in 2021 and $242 billion in 2020.</p><p>Tesla Inc. gave short sellers the most pain, with $12.2 billion in paper losses in 2023 as the stock of the electric-vehicle maker roughly doubled. Nvidia Corp, which lost contrarian traders $11.2 billion, was next on the list, which includes most of the so-called Magnificent Seven, semiconductor companies and also Coinbase Global Inc. as bitcoin rallied.</p><p>First Republic Bank’s collapse made it the year’s most profitable short wager, yielding paper profits of $1.6 billion, according to data from S3 Partners LLC. Meanwhile, vaccine producer Moderna Inc., which slumped 45% in 2023, was second, earning $1.1 billion for short sellers, who bet on a stock’s decline.</p><h3 id=\"id_3097957926\">OpenAI to Launch Online Store for Custom Versions of ChatGPT Next Week</h3><p>OpenAI is planning to launch an online store next week that will let people share custom versions of the company’s popular ChatGPT chatbot after previously delaying the effort, according to an email sent to some users on Thursday.</p><p>San Francisco-based OpenAI announced at its developer conference in November that users could start building GPTs — its term for custom versions of ChatGPT — without needing to learn any coding. With this option, users can quickly create chatbots that teach math to a child or come up with colorful cocktail recipes.</p><p>OpenAI originally said it planned to introduce a store later in November where people could find tailored chatbots from other users — and make money from their own — much as they might with apps in Apple Inc.’s App Store. OpenAI later delayed the rollout of the online store to early 2024, citing the interruption caused by the ousting and reinstatement of Chief Executive Officer Sam Altman in November.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","VYGR":"Voyager Therapeutics Inc","APLT":"Applied Therapeutics Inc.","PLTR":"Palantir Technologies Inc.","STZ":"星座品牌","FUSN":"Fusion Pharmaceuticals Inc.","QS":"Quantumscape Corp.","CVX":"雪佛龙","AIMD":"AINOS Inc.",".DJI":"道琼斯",".IXIC":"NASDAQ Composite","DRMA":"Dermata Therapeutics Inc",".SPX":"S&P 500 Index","IBM":"IBM","XOM":"埃克森美孚","PTON":"Peloton Interactive, Inc.","COST":"好市多"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197575571","content_text":"U.S. stock futures extended declines and bond yields spiked after jobs data fueled fears that wagers on Federal Reserve rate cuts may have gone too far.US job growth picked up in December and wage gains exceeded expectations, diminishing prospects for a Federal Reserve interest-rate cut in March.Nonfarm payrolls increased 216,000 after a downwardly revised 173,000 advance in November, a Bureau of Labor Statistics report showed Friday. The unemployment rate held at 3.7% as the workforce shrank. Average hourly earnings rose 0.4% from a month earlier.Market SnapshotAt 8:44 a.m. ET, Dow e-minis were down 131 points, or 0.35%, S&P 500 e-minis were down 18.25 points, or 0.39%, and Nasdaq 100 e-minis were down 74.25 points, or 0.45%.Pre-Market MoversApple (AAPL) - Apple declined 0.5% in premarket trading. Shares of the tech giant have fallen 5.5% so far in 2024, and have closed lower for four straight days. Two Wall Street firms have downgraded the stock this week.Tesla (TSLA) - Tesla shed 0.8% in trading before the bell. The electric-vehicle maker is doing an effective recall on 1.62 million vehicles in China, the market regulator said. Tesla can remotely upgrade the vehicles to fix the issues, the China State Administration for Market Regulation said in a statement. The move is categorised as a product recall under Chinese regulations.Palantir (PLTR) - Palantir Technologies was falling 4.4% to $15.54. Analysts at Jefferies downgraded shares of the data-analytics company to Underperform from Hold and the price target was cut to $13 from $18.QuantumScape (QS) - QuantumScape was falling 0.8%, a day after closing with a gain of 43%. Volkswagen’s battery company, PowerCo, said Thursday that QuantumScape’s solid-state battery cell had “significantly exceeded the requirements in the A-sample test and successfully completed more than 1,000 charging cycles,” indicating progress in a technology that could be cheaper, offer faster charging, and greater driving ranges.Peloton (PTON) - Peloton stock jumped another 5.7% in premarket trading Friday after surging 13.9% Thursday on TikTok partnership.Costco (COST) - Costco Wholesale said revenue in December jumped 9.9% from a year earlier to $26.2 billion, marking an acceleration over the 5.1% increase in November. Same-store sales rose 8.5%. In November, same-store sales gained 3.5%. Holiday shopping was largely behind the surge. Shares of the membership retail chain rose 0.7%.Exxon Mobil (XOM), Chevron (CVX) - Exxon Mobil said it expects to record impairments of as much as $2.6 billion in its upstream business in the fourth quarter, which “primarily reflect idle Upstream Santa Ynez Unit assets and associated facilities in California.” The energy giant said in a regulatory filing that “continuing challenges in the state regulatory environment have impeded progress in restoring operations.” Earlier this week, Chevron said it would record a charge of as much as $4 billion in the fourth quarter, citing environmental regulation in California and issues in some Gulf of Mexico fields. Exxon shares were up 0.3%, while Chevron rose 0.4%.IBM (IBM) - International Business Machines (IBM) was downgraded to Sell from Hold by analysts at Societe Generale, who also left their price target unchanged at $143. Jefferies analysts, meanwhile, initiated coverage on the stock with a Hold rating and price target of $180. IBM shares were down 1.2% to $158.90.Dermata Therapeutics (DRMA) - Shares of Dermata Therapeutics jumped 59.5% in premarket trading following a newly issued patent in Japan.Applied Therapeutics (APLT) - Applied Therapeutics tumbled 31.7% after the drug developer's heart disease drug showed disappointing results in a late-stage trial.Voyager Therapeutics (VYGR) - Voyager Therapeutics shares dropped 16.6% in premarket trading Friday. Voyager Therapeutics announced the pricing of an underwritten public offering of ~7.78M common shares and pre-funded warrants to purchase ~3.33M common shares.Fusion Pharmaceuticals (FUSN) - Fusion Pharmaceuticals, a clinical-stage oncology company, said it achieved alignment with the Food and Drug Administration on a Phase 2/3 protocol protocol and development plan for FPI-2265, a treatment for certain kinds of prostate cancer. Shares rose 9.5%.Ainos (AIMD) - The healthcare company Ainos shares soared 150.3% in premarket trading although there was no relevant news today.Ainos, Inc. announced on Tuesday that on December 29, 2023, the Company received a written notice from The Nasdaq Stock Market. The notice informed Ainos that it has regained compliance with the minimum bid price requirement under NASDAQ Listing Rule 5550(a)(2) for continued listing on the Nasdaq Capital Market.Market NewsShort Sellers Lost $195 Billion in 2023 Despite Wins on Regional BanksOverall, short sellers ended 2023 with paper losses of nearly $195 billion, offsetting about two-thirds of the nearly $300 billion in gains they reaped in the market rout of 2022, according to S3. The group lost about $142 billion cumulatively in 2021 and $242 billion in 2020.Tesla Inc. gave short sellers the most pain, with $12.2 billion in paper losses in 2023 as the stock of the electric-vehicle maker roughly doubled. Nvidia Corp, which lost contrarian traders $11.2 billion, was next on the list, which includes most of the so-called Magnificent Seven, semiconductor companies and also Coinbase Global Inc. as bitcoin rallied.First Republic Bank’s collapse made it the year’s most profitable short wager, yielding paper profits of $1.6 billion, according to data from S3 Partners LLC. Meanwhile, vaccine producer Moderna Inc., which slumped 45% in 2023, was second, earning $1.1 billion for short sellers, who bet on a stock’s decline.OpenAI to Launch Online Store for Custom Versions of ChatGPT Next WeekOpenAI is planning to launch an online store next week that will let people share custom versions of the company’s popular ChatGPT chatbot after previously delaying the effort, according to an email sent to some users on Thursday.San Francisco-based OpenAI announced at its developer conference in November that users could start building GPTs — its term for custom versions of ChatGPT — without needing to learn any coding. With this option, users can quickly create chatbots that teach math to a child or come up with colorful cocktail recipes.OpenAI originally said it planned to introduce a store later in November where people could find tailored chatbots from other users — and make money from their own — much as they might with apps in Apple Inc.’s App Store. OpenAI later delayed the rollout of the online store to early 2024, citing the interruption caused by the ousting and reinstatement of Chief Executive Officer Sam Altman in November.","news_type":1},"isVote":1,"tweetType":1,"viewCount":4,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":260073037099248,"gmtCreate":1704504757899,"gmtModify":1704506512538,"author":{"id":"4167526910669932","authorId":"4167526910669932","name":"healthwise","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4167526910669932","authorIdStr":"4167526910669932"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/260073037099248","repostId":"2400822657","repostType":4,"repost":{"id":"2400822657","pubTimestamp":1704427216,"share":"https://ttm.financial/m/news/2400822657?lang=&edition=fundamental","pubTime":"2024-01-05 12:00","market":"us","language":"en","title":"The December Payroll Report To Confirm The Disinflationary Process","url":"https://stock-news.laohu8.com/highlight/detail?id=2400822657","media":"Seekingalpha","summary":"Once we get the data, first on Tuesday we want to get the confirmation of moderating labor demand, as proxied by the JOLTS Job Openings. The Job openings spiked after the pandemic, which caused the labor shortage and wage inflation. However, the trend i","content":"<html><head></head><body><ul style=\"\"><li><p>The labor market data is likely to confirm the disinflationary process, which will allow the Fed to start cutting interest rates, as expected.</p></li><li><p>The reaction of the bond market is likely to guide the reaction of the stock market, which is prone to a profit-taking dip after the end-of-the-year rally.</p></li><li><p>However, as long as the soft-lending theme holds, the macro environment is positive for the stock market.</p></li></ul><p>The Bureau of Labor is set to release the Payroll report for December 2023 on Friday. Before the Payroll report, we will also get the new data on JOLTS job openings on Wednesday and the Weekly initial claims for unemployment on Thursday. Thus, this week will be very busy for investors, trying to gauge the labor market strength, and what it means for the economy, and the Fed.</p><h2 id=\"id_1502853471\">The context</h2><p>Broadly, the employment data this week needs to confirm that the disinflationary process is still in place, which will allow the Fed to cut interest rates as expected, but also to confirm that the US economy is not slipping into a recession.</p><p>The Fed has made a dovish pivot in December, signaling its intentions to start cutting interest rates this year, acknowledging that inflation is falling faster than expected, and yet suggesting the labor market is unlikely to weaken sufficiently to cause a recession - the Fed expect the unemployment rate to increase to 4.1% this year, from the current level of 3.7%. This is what many have described as a soft landing (hard landing would cause a sharp spike in the unemployment rate and a deep recession).</p><p>The Fed needs to see a continuous disinflationary process until inflation returns to the 2% target. The labor market plays an important part in the disinflationary process via wage growth, which directly affects service inflation. Wage growth is a function of labor supply and labor demand. Thus, the Fed needs to see a moderating wage growth, hopefully via the increased labor supply, as decreasing labor demand would signal a recession.</p><p>Most foresters have predicted a recession in 2023, and even the Fed was predicting a recession at a certain point last year. However, the recession has not arrived yet, specifically due to the resilient consumer spending, which is due to the strong labor market, and the labor market has been strong due to labor shortage. Specifically, the unemployment rate remained at a historically low level despite the aggressive monetary policy tightening, as employers held on to their employees due to the labor shortage.</p><p>The Fed now sees the labor market coming to a balance, which allows the Fed to normalize the policy rate without causing a recession - and that's bullish for stocks. So, that's the macro context.</p><h2 id=\"id_761844\">What do we want to see?</h2><p>Once we get the data, first on Tuesday we want to get the confirmation of moderating labor demand, as proxied by the JOLTS Job Openings. The Job openings spiked after the pandemic, which caused the labor shortage and wage inflation. However, the trend in Job openings has been down - and this reflects a moderating labor demand.</p><p>The consensus is that the Job openings will slightly increase in December to 8.85M from 8.73M. Obviously, it would be positive to get a better-than-expected number, sub-8.73M. However, even with a slight uptick, the trend is still down. Ultimately, Job openings need to fall to pre-pandemic level of 7M, which is not too far from here.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/e8dd9c83deb36be264ca9a76ceceba5d\" tg-width=\"640\" tg-height=\"267\"/></p><p>FRED</p><p>We also want to see an increase in labor supply, as proxied by the Labor Force growth. Currently, there are around 4M more participants in the labor force compared to the pre-pandemic level, and the labor force has been growing at around 2% annually, which is a very strong number. We want to see the labor force continue to grow at 2%, via higher participation rates and higher (legal) immigration. A higher labor supply will moderate the wage growth and contribute to the disinflationary process. Here is the chart showing an annual growth in the labor force.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b9024fea3bb96f90798cfc8b0b1f8f0d\" tg-width=\"640\" tg-height=\"273\"/></p><p>FRED</p><p>Obviously, we don't want to see a sharp increase in the unemployment rate, as this would signal a recession. The weekly claims for unemployment is the leading high-frequency labor market indicator - and this indicator has been suggesting that the labor market remains strong. We want to see the weekly claims to stay sub 250K, as the break above could signal a spike - and a recession. Here is the chart, weekly claims have been very low over the last 12 months, staying below 250K.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/4fc01b092b1a0359b070cb2a114e0b2c\" tg-width=\"640\" tg-height=\"284\"/></p><p>Trading Economics</p><h2 id=\"id_1730177661\">December payroll report consensus expectations</h2><p>The market consensus is the payroll report on Friday will show a modestly weakening labor market with (only) 168K new jobs created, below October's 199K number. The market would be happy with a number between 160K-180. Obviously, the market would not be happy with a number below 100K as this could suggest a fast-deteriorating labor market and a possible recession down the road. The market would also not be happy with the above 200K number, as this could impede the Fed's plans to cut interest rates in March and cause a bond selloff. Based on the weekly claims, the labor market is still strong, and the risk is still to the upside.</p><p>The market consensus is also for a moderating wage growth at 0.3% mom and 3.9% yoy, which is consistent with the disinflationary process. Similarly, the market expects a slight uptick in the unemployment rate to 3.8%, which is positive as it leads to the Fed's 4.1% target and confirms the Fed's ability to normalize the policy rates.</p><p></p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/b5cf31c57c1d11e8b32bc1b823e88ccd\" tg-width=\"640\" tg-height=\"187\"/></p><p>Trading Economics</p><h2 id=\"id_3889764096\">Implications</h2><p>Overall, the market consensus calls for a modestly weakening labor market, which confirms the disinflationary process, and allows the Fed to cut interest rates in March. At the same time, the level of new jobs created supports a modestly growing economy and ultimately the "soft-landing" to 1.5% GDP growth in 2024, as expected by the Fed. Thus, if the data comes as expected, this would continue to support the soft-landing scenario, which is bullish for the stock market.</p><p>The stock market, as proxied by the S&P 500 (SP500) is currently overbought after the 2023 parabolic end-of-the-year rally, so investors could be looking for any excuse to sell stocks and take profits, which includes a reaction to the labor market data, even if the report is positive.</p><p>But the true reaction will be in the bond market, which is pricing an aggressive policy easing in 2024. The selloff in the bond market due to the "hot" labor market data, could trigger a deeper correction in the S&P 500, and especially in Nasdaq 100 (QQQ).</p><p>However, the big picture is positive, the current baseline outlook calls for the disinflationary process to continue, which will allow the Fed to cut as expected, which will cancel the expected recession. This is a bullish scenario for stocks.</p><p>The labor market data must continue to confirm this scenario, which is consistent with the market consensus. Thus, any potential technical dip or deeper correction in the stock market will be a buying opportunity - as long as the disinflationary process continues and the Fed cuts early and aggressively, as currently expected.</p></body></html>","source":"seekingalpha","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The December Payroll Report To Confirm The Disinflationary Process</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe December Payroll Report To Confirm The Disinflationary Process\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-01-05 12:00 GMT+8 <a href=https://seekingalpha.com/article/4660930-december-payroll-report-confirm-disinflationary-process><strong>Seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The labor market data is likely to confirm the disinflationary process, which will allow the Fed to start cutting interest rates, as expected.The reaction of the bond market is likely to guide the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4660930-december-payroll-report-confirm-disinflationary-process\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4585":"ETF&股票定投概念","BK4561":"索罗斯持仓","BK4534":"瑞士信贷持仓","SPY":"标普500ETF",".IXIC":"NASDAQ Composite","BK4581":"高盛持仓","BK4588":"碎股","BK4550":"红杉资本持仓",".SPX":"S&P 500 Index","VOO":"Vanguard标普500ETF","QQQ":"纳指100ETF",".DJI":"道琼斯","BK4593":"纳斯达克ETF"},"source_url":"https://seekingalpha.com/article/4660930-december-payroll-report-confirm-disinflationary-process","is_english":true,"share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","article_id":"2400822657","content_text":"The labor market data is likely to confirm the disinflationary process, which will allow the Fed to start cutting interest rates, as expected.The reaction of the bond market is likely to guide the reaction of the stock market, which is prone to a profit-taking dip after the end-of-the-year rally.However, as long as the soft-lending theme holds, the macro environment is positive for the stock market.The Bureau of Labor is set to release the Payroll report for December 2023 on Friday. Before the Payroll report, we will also get the new data on JOLTS job openings on Wednesday and the Weekly initial claims for unemployment on Thursday. Thus, this week will be very busy for investors, trying to gauge the labor market strength, and what it means for the economy, and the Fed.The contextBroadly, the employment data this week needs to confirm that the disinflationary process is still in place, which will allow the Fed to cut interest rates as expected, but also to confirm that the US economy is not slipping into a recession.The Fed has made a dovish pivot in December, signaling its intentions to start cutting interest rates this year, acknowledging that inflation is falling faster than expected, and yet suggesting the labor market is unlikely to weaken sufficiently to cause a recession - the Fed expect the unemployment rate to increase to 4.1% this year, from the current level of 3.7%. This is what many have described as a soft landing (hard landing would cause a sharp spike in the unemployment rate and a deep recession).The Fed needs to see a continuous disinflationary process until inflation returns to the 2% target. The labor market plays an important part in the disinflationary process via wage growth, which directly affects service inflation. Wage growth is a function of labor supply and labor demand. Thus, the Fed needs to see a moderating wage growth, hopefully via the increased labor supply, as decreasing labor demand would signal a recession.Most foresters have predicted a recession in 2023, and even the Fed was predicting a recession at a certain point last year. However, the recession has not arrived yet, specifically due to the resilient consumer spending, which is due to the strong labor market, and the labor market has been strong due to labor shortage. Specifically, the unemployment rate remained at a historically low level despite the aggressive monetary policy tightening, as employers held on to their employees due to the labor shortage.The Fed now sees the labor market coming to a balance, which allows the Fed to normalize the policy rate without causing a recession - and that's bullish for stocks. So, that's the macro context.What do we want to see?Once we get the data, first on Tuesday we want to get the confirmation of moderating labor demand, as proxied by the JOLTS Job Openings. The Job openings spiked after the pandemic, which caused the labor shortage and wage inflation. However, the trend in Job openings has been down - and this reflects a moderating labor demand.The consensus is that the Job openings will slightly increase in December to 8.85M from 8.73M. Obviously, it would be positive to get a better-than-expected number, sub-8.73M. However, even with a slight uptick, the trend is still down. Ultimately, Job openings need to fall to pre-pandemic level of 7M, which is not too far from here.FREDWe also want to see an increase in labor supply, as proxied by the Labor Force growth. Currently, there are around 4M more participants in the labor force compared to the pre-pandemic level, and the labor force has been growing at around 2% annually, which is a very strong number. We want to see the labor force continue to grow at 2%, via higher participation rates and higher (legal) immigration. A higher labor supply will moderate the wage growth and contribute to the disinflationary process. Here is the chart showing an annual growth in the labor force.FREDObviously, we don't want to see a sharp increase in the unemployment rate, as this would signal a recession. The weekly claims for unemployment is the leading high-frequency labor market indicator - and this indicator has been suggesting that the labor market remains strong. We want to see the weekly claims to stay sub 250K, as the break above could signal a spike - and a recession. Here is the chart, weekly claims have been very low over the last 12 months, staying below 250K.Trading EconomicsDecember payroll report consensus expectationsThe market consensus is the payroll report on Friday will show a modestly weakening labor market with (only) 168K new jobs created, below October's 199K number. The market would be happy with a number between 160K-180. Obviously, the market would not be happy with a number below 100K as this could suggest a fast-deteriorating labor market and a possible recession down the road. The market would also not be happy with the above 200K number, as this could impede the Fed's plans to cut interest rates in March and cause a bond selloff. Based on the weekly claims, the labor market is still strong, and the risk is still to the upside.The market consensus is also for a moderating wage growth at 0.3% mom and 3.9% yoy, which is consistent with the disinflationary process. Similarly, the market expects a slight uptick in the unemployment rate to 3.8%, which is positive as it leads to the Fed's 4.1% target and confirms the Fed's ability to normalize the policy rates.Trading EconomicsImplicationsOverall, the market consensus calls for a modestly weakening labor market, which confirms the disinflationary process, and allows the Fed to cut interest rates in March. At the same time, the level of new jobs created supports a modestly growing economy and ultimately the \"soft-landing\" to 1.5% GDP growth in 2024, as expected by the Fed. Thus, if the data comes as expected, this would continue to support the soft-landing scenario, which is bullish for the stock market.The stock market, as proxied by the S&P 500 (SP500) is currently overbought after the 2023 parabolic end-of-the-year rally, so investors could be looking for any excuse to sell stocks and take profits, which includes a reaction to the labor market data, even if the report is positive.But the true reaction will be in the bond market, which is pricing an aggressive policy easing in 2024. The selloff in the bond market due to the \"hot\" labor market data, could trigger a deeper correction in the S&P 500, and especially in Nasdaq 100 (QQQ).However, the big picture is positive, the current baseline outlook calls for the disinflationary process to continue, which will allow the Fed to cut as expected, which will cancel the expected recession. This is a bullish scenario for stocks.The labor market data must continue to confirm this scenario, which is consistent with the market consensus. Thus, any potential technical dip or deeper correction in the stock market will be a buying opportunity - as long as the disinflationary process continues and the Fed cuts early and aggressively, as currently expected.","news_type":1},"isVote":1,"tweetType":1,"viewCount":30,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
