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SuChing

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- SuChingSuChing
  ·2025-02-03
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- SuChingSuChing
  ·2022-03-23
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  Pre-market | It rose by 11%, and the chairman "joined the army of retail investors"! Cannabis stocks rise strongly
  摘要：美股股指期货下跌，提前实现扭亏为盈目标，水滴涨超13%；工业大麻板块走高，Tilray涨超10%；WSB概念股大涨，游戏驿站涨超11%；欧洲主要股指普遍走弱，美油、布油均涨超3%。3月23日，美
  Pre-market | It rose by 11%, and the chairman "joined the army of retail investors"! Cannabis stocks rise strongly
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- SuChingSuChing
  ·2022-03-17
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- SuChingSuChing
  ·2021-07-06
  Wow
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- SuChingSuChing
  ·2021-06-30
  Wow
  Here’s what inflation’s spike means for stocks now
  Expectations about inflation’s short-term impact on growth- and value stocks have no historical basi
  Here’s what inflation’s spike means for stocks now
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- SuChingSuChing
  ·2021-06-29
  Wow
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- SuChingSuChing
  ·2021-06-20
  good
  Answering the great inflation question of our time
  Prices of everything; a house in Phoenix, a Ford F-150, a plane ticket to New York, have all gone up
  Answering the great inflation question of our time
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- SuChingSuChing
  ·2021-06-20
  Good
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20:23","market":"us","language":"zh","title":"Pre-market | It rose by 11%, and the chairman \"joined the army of retail investors\"! Cannabis stocks rise strongly","url":"https://stock-news.laohu8.com/highlight/detail?id=1190882571","media":"老虎资讯综合","summary":"摘要：美股股指期货下跌，提前实现扭亏为盈目标，水滴涨超13%；工业大麻板块走高，Tilray涨超10%；WSB概念股大涨，游戏驿站涨超11%；欧洲主要股指普遍走弱，美油、布油均涨超3%。3月23日，美","content":"<p><html><head></head><body><b>Abstract: US stock index futures fell, achieving the goal of turning losses into profits ahead of schedule,<a href=\"https://laohu8.com/S/WDH\">water droplet</a>It rose by more than 13%; Industrial Hemp Sector Higher, Tilray Up Over 10%; WSB Concept Stocks Surge,<a href=\"https://laohu8.com/S/GME\">Game Station</a>It rose by more than 11%; Major European stock indexes generally weakened, with U.S. oil and Brent oil both rising by more than 3%.</b>On March 23rd, U.S. stock index futures fell, with Dow futures falling by 0.35%, S&P 500 index falling by 0.45% and Nasdaq futures falling by 0.75%.<img src=\"https://static.tigerbbs.com/604f19a2cfc4711b8837d43c371dad99\" tg-width=\"828\" tg-height=\"224\" referrerpolicy=\"no-referrer\"/><b>Market News</b></p><p><b>Consortia, including Elliott, are rumored to be considering raising<a href=\"https://laohu8.com/S/NLSN\">Nelson</a>Purchase price</b></p><p>US hedge funds Elliott Investment Management and Brookfield Asset Management are considering raising their<a href=\"https://laohu8.com/S/NLSN\">Nelson</a>Offers, previously this<a href=\"https://laohu8.com/S/III\">Information Services</a>The company rejected the previous offer. The bid under discussion will be $25.40 higher than the previous offer, the person said. Details of the higher offer are not immediately available, and negotiations could still break down. (Nielsen rose more than 3% before the market)</p><p><b><a href=\"https://laohu8.com/S/AAPL\">Apple</a>Acquisition of financial start-up Credit Kudos or foreshadowing<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Will enter the \"buy now, pay later\" market</b></p><p>According to foreign media reports, Apple has acquired British financial start-up Credit Kudos, which can use open banking technology to provide precisely adjusted Credit scores, enabling lenders to provide Credit loans to borrowers who may have previously been rejected or ignored. The deal closed last week at a $150 million valuation, sources said. The acquisition will allow Apple to expand the acceptance of its credit cards to overlooked populations and could signal Apple's entry into the buy now, pay later market. Neither Apple nor Credit Kudos have yet to comment.</p><p><b>Italy vs.<a href=\"https://laohu8.com/S/INTC\">Intel</a>The support ratio of chip investment is as high as 40%</b></p><p>According to foreign media reports, Italy is ready to<a href=\"https://laohu8.com/S/INTC\">Intel</a>(INTC.US) provides 40% of the total chip investment. These investment projects include the establishment of chip packaging and assembly plants. Italy will initially provide $5 billion worth of financial support, and the related support funds will increase over time.</p><p><b>Musk: Starship may make its first orbital test flight</b></p><p>SpaceX CEO Musk revealed that SpaceX will manufacture 39 engines that can be used for flight next month, and integrate them in another month. Therefore, the new generation of giant launch vehicle \"Starship\" developed by it is expected to conduct orbital flight tests in May. Musk said on social media that SpaceX's planned launch mass this year accounts for about 65% of global launches. Incremental demand could raise that number to around 70%, but those numbers don't include Starship launches. The rough calculation is 50 launches of 16 tons each this year, or a total of 800 tons.</p><p><b>Premarket Quotes</b></p><p>WSB Concept Stocks Rise Premarket,<b><a href=\"https://laohu8.com/S/GME\">Game Station</a>It rose by more than 11%,</b><a href=\"https://laohu8.com/S/KOSS\">Gaussian electron</a>rose by more than 7%,<a href=\"https://laohu8.com/S/AMC\">AMC Cinema</a>Up more than 5%,<a href=\"https://laohu8.com/S/BBBY\">3B Home Furnishing</a>Up nearly 5%. WSB Concept Stocks Are Going Fire Again?<span style=\"color:rgba(206,41,28,1);\"><b>Not only are retail investors pouring in, but the chairman of Game Station is also buying!</b></span>According to the SEC filing, the chairman<a href=\"https://laohu8.com/S/CONN\">Cohen</a>RC Ventures, an investment firm, bought 100,000 shares of Game Station for $96.81 to $108.82 on Tuesday.</p><p>U.S. industrial hemp sector rose, Tilray rose more than 10%,<a href=\"https://laohu8.com/S/ACB\">Aurora Cannabis Co.</a>Up more than 7%, Sundial Grower up more than 6%, and Canopy Growth up more than 4%.</p><p><a href=\"https://laohu8.com/S/WDH\">water droplet</a>It rose by more than 13% before the market, and the company's net profit in the fourth quarter of fiscal 2021 was 5.91 million yuan, achieving the goal of turning losses into profits ahead of schedule.</p><p><a href=\"https://laohu8.com/S/BZ\">Direct hiring by BOSS</a>It rose by more than 4% before the market, and revenue in 2021 increased by 119% year-on-year to 4.26 billion yuan.</p><p><a href=\"https://laohu8.com/S/ADBE\">Adobe</a>It fell more than 3% before the market, and the Q2 performance guidance fell short of expectations.</p><p><a href=\"https://laohu8.com/S/TM\">Toyota Motor</a>It rose nearly 3% before the market, and will buy back up to 0.58% of its shares with a quota of 100 billion yen.</p><p><b>European market</b></p><p>Major European stock indexes generally weakened. As of press time, Germany's DAX30 index fell 0.89%,<a href=\"https://laohu8.com/S/VUKE.UK\">FTSE 100 UK</a>up 0.07%, while French CAC40 fell 0.65%.<img src=\"https://static.tigerbbs.com/6dc44edb20d61baa43400d9f22bb0fa9\" tg-width=\"821\" tg-height=\"358\" referrerpolicy=\"no-referrer\"/>Source: Investing.com</p><p><b>crude oil</b></p><p><b>International oil prices rose, with U.S. oil reported at $112.72/barrel, down 3.16% in the day; Brent oil is now traded at $119.20/barrel, up 3.24% in the day.</b></p><p>International oil prices remained firm, and concerns about global supply constraints caused by sanctions against Russia, the world's second largest oil exporter, intensified, and Kazakhstan's exports may show signs of disruption. A plunge in crude oil inventories in the United States, the world's largest oil consumer, also added to supply concerns.</p><p><b>Gold</b></p><p><b>Spot gold rose 0.43% to $1,929.80/oz during the day.</b></p><p>Spot gold is back in strength as investors await the unveiling of new sanctions against Russia during US President Joe Biden's European tour. In addition, the negative effect brought by the Fed's aggressive stance this week has subsided, and investors are worried about the adverse impact that the Fed's aggressive water collection may have on economic growth and employment.</p><p></body></html></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-market | It rose by 11%, and the chairman \"joined the army of retail investors\"! Cannabis stocks rise strongly</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: 12.5px; color: #7E829C; margin: 0;}\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-market | It rose by 11%, and the chairman \"joined the army of retail investors\"! Cannabis stocks rise strongly\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2022-03-23 20:23</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body><b>Abstract: US stock index futures fell, achieving the goal of turning losses into profits ahead of schedule,<a href=\"https://laohu8.com/S/WDH\">water droplet</a>It rose by more than 13%; Industrial Hemp Sector Higher, Tilray Up Over 10%; WSB Concept Stocks Surge,<a href=\"https://laohu8.com/S/GME\">Game Station</a>It rose by more than 11%; Major European stock indexes generally weakened, with U.S. oil and Brent oil both rising by more than 3%.</b>On March 23rd, U.S. stock index futures fell, with Dow futures falling by 0.35%, S&P 500 index falling by 0.45% and Nasdaq futures falling by 0.75%.<img src=\"https://static.tigerbbs.com/604f19a2cfc4711b8837d43c371dad99\" tg-width=\"828\" tg-height=\"224\" referrerpolicy=\"no-referrer\"/><b>Market News</b></p><p><b>Consortia, including Elliott, are rumored to be considering raising<a href=\"https://laohu8.com/S/NLSN\">Nelson</a>Purchase price</b></p><p>US hedge funds Elliott Investment Management and Brookfield Asset Management are considering raising their<a href=\"https://laohu8.com/S/NLSN\">Nelson</a>Offers, previously this<a href=\"https://laohu8.com/S/III\">Information Services</a>The company rejected the previous offer. The bid under discussion will be $25.40 higher than the previous offer, the person said. Details of the higher offer are not immediately available, and negotiations could still break down. (Nielsen rose more than 3% before the market)</p><p><b><a href=\"https://laohu8.com/S/AAPL\">Apple</a>Acquisition of financial start-up Credit Kudos or foreshadowing<a href=\"https://laohu8.com/S/AAPL\">Apple</a>Will enter the \"buy now, pay later\" market</b></p><p>According to foreign media reports, Apple has acquired British financial start-up Credit Kudos, which can use open banking technology to provide precisely adjusted Credit scores, enabling lenders to provide Credit loans to borrowers who may have previously been rejected or ignored. The deal closed last week at a $150 million valuation, sources said. The acquisition will allow Apple to expand the acceptance of its credit cards to overlooked populations and could signal Apple's entry into the buy now, pay later market. Neither Apple nor Credit Kudos have yet to comment.</p><p><b>Italy vs.<a href=\"https://laohu8.com/S/INTC\">Intel</a>The support ratio of chip investment is as high as 40%</b></p><p>According to foreign media reports, Italy is ready to<a href=\"https://laohu8.com/S/INTC\">Intel</a>(INTC.US) provides 40% of the total chip investment. These investment projects include the establishment of chip packaging and assembly plants. Italy will initially provide $5 billion worth of financial support, and the related support funds will increase over time.</p><p><b>Musk: Starship may make its first orbital test flight</b></p><p>SpaceX CEO Musk revealed that SpaceX will manufacture 39 engines that can be used for flight next month, and integrate them in another month. Therefore, the new generation of giant launch vehicle \"Starship\" developed by it is expected to conduct orbital flight tests in May. Musk said on social media that SpaceX's planned launch mass this year accounts for about 65% of global launches. Incremental demand could raise that number to around 70%, but those numbers don't include Starship launches. The rough calculation is 50 launches of 16 tons each this year, or a total of 800 tons.</p><p><b>Premarket Quotes</b></p><p>WSB Concept Stocks Rise Premarket,<b><a href=\"https://laohu8.com/S/GME\">Game Station</a>It rose by more than 11%,</b><a href=\"https://laohu8.com/S/KOSS\">Gaussian electron</a>rose by more than 7%,<a href=\"https://laohu8.com/S/AMC\">AMC Cinema</a>Up more than 5%,<a href=\"https://laohu8.com/S/BBBY\">3B Home Furnishing</a>Up nearly 5%. WSB Concept Stocks Are Going Fire Again?<span style=\"color:rgba(206,41,28,1);\"><b>Not only are retail investors pouring in, but the chairman of Game Station is also buying!</b></span>According to the SEC filing, the chairman<a href=\"https://laohu8.com/S/CONN\">Cohen</a>RC Ventures, an investment firm, bought 100,000 shares of Game Station for $96.81 to $108.82 on Tuesday.</p><p>U.S. industrial hemp sector rose, Tilray rose more than 10%,<a href=\"https://laohu8.com/S/ACB\">Aurora Cannabis Co.</a>Up more than 7%, Sundial Grower up more than 6%, and Canopy Growth up more than 4%.</p><p><a href=\"https://laohu8.com/S/WDH\">water droplet</a>It rose by more than 13% before the market, and the company's net profit in the fourth quarter of fiscal 2021 was 5.91 million yuan, achieving the goal of turning losses into profits ahead of schedule.</p><p><a href=\"https://laohu8.com/S/BZ\">Direct hiring by BOSS</a>It rose by more than 4% before the market, and revenue in 2021 increased by 119% year-on-year to 4.26 billion yuan.</p><p><a href=\"https://laohu8.com/S/ADBE\">Adobe</a>It fell more than 3% before the market, and the Q2 performance guidance fell short of expectations.</p><p><a href=\"https://laohu8.com/S/TM\">Toyota Motor</a>It rose nearly 3% before the market, and will buy back up to 0.58% of its shares with a quota of 100 billion yen.</p><p><b>European market</b></p><p>Major European stock indexes generally weakened. As of press time, Germany's DAX30 index fell 0.89%,<a href=\"https://laohu8.com/S/VUKE.UK\">FTSE 100 UK</a>up 0.07%, while French CAC40 fell 0.65%.<img src=\"https://static.tigerbbs.com/6dc44edb20d61baa43400d9f22bb0fa9\" tg-width=\"821\" tg-height=\"358\" referrerpolicy=\"no-referrer\"/>Source: Investing.com</p><p><b>crude oil</b></p><p><b>International oil prices rose, with U.S. oil reported at $112.72/barrel, down 3.16% in the day; Brent oil is now traded at $119.20/barrel, up 3.24% in the day.</b></p><p>International oil prices remained firm, and concerns about global supply constraints caused by sanctions against Russia, the world's second largest oil exporter, intensified, and Kazakhstan's exports may show signs of disruption. A plunge in crude oil inventories in the United States, the world's largest oil consumer, also added to supply concerns.</p><p><b>Gold</b></p><p><b>Spot gold rose 0.43% to $1,929.80/oz during the day.</b></p><p>Spot gold is back in strength as investors await the unveiling of new sanctions against Russia during US President Joe Biden's European tour. In addition, the negative effect brought by the Fed's aggressive stance this week has subsided, and investors are worried about the adverse impact that the Fed's aggressive water collection may have on economic growth and employment.</p><p></body></html></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/ed4ee39e6b0f45214393093d70ba81a8","relate_stocks":{"AMC":"AMC院线",".IXIC":"NASDAQ Composite","GME":"游戏驿站","TLRY":"Tilray Inc.",".SPX":"S&P 500 Index","BBBY":"Bed Bath & Beyond, Inc.","MSOX":"AdvisorShares MSOX 2X Daily ETF","ADBE":"Adobe",".DJI":"道琼斯","ACB":"奥罗拉大麻公司","KOSS":"高斯电子"},"source_url":"","is_english":false,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1190882571","content_text":"摘要：美股股指期货下跌，提前实现扭亏为盈目标，水滴涨超13%；工业大麻板块走高，Tilray涨超10%；WSB概念股大涨，游戏驿站涨超11%；欧洲主要股指普遍走弱，美油、布油均涨超3%。3月23日，美股股指期货下跌，道指期货跌0.35%，标普500指数跌0.45%，纳指期货跌0.75%。市场消息传包括Elliott在内的财团考虑提高对尼尔森收购价据知情人士透露，美国对冲基金Elliott Investment Management和Brookfield Asset Management正在考虑提高对尼尔森的报价，此前这家信息服务公司拒绝了之前的报价。该知情人士表示，正在讨论的出价将高于上次的报价25.40美元。目前还无法立即了解更高报价的细节，谈判仍有可能破裂。（尼尔森盘前涨超3%）苹果收购金融初创企业Credit Kudos 或预示苹果将进入“先买后付”市场据外媒报道，苹果公司已收购英国金融初创企业Credit Kudos，该公司可以使用开放的银行技术来提供精确调整的信用评分，使贷款机构能够向以前可能被拒绝或忽视的借款人提供信贷款。消息人士表示，该交易于上周以1.5亿美元的估值完成。此次收购将使苹果能够将其信用卡的接受范围扩大到被忽视的人群，并可能预示着苹果将进入“先买后付”的市场。苹果和Credit Kudos都尚未对此发表评论。意大利对英特尔芯片投资的扶持比例高达40%据外媒报道，意大利已准备好为英特尔(INTC.US)在芯片总投资上以40%的比例提供资金支持，这些投资项目包括建立芯片封装和组装厂，意大利最开始将提供价值50亿美元的资金支持，并且相关的扶持资金会随着时间的推移而增加。马斯克：星舰5月或首次轨道试飞SpaceX CEO马斯克透露，SpaceX下月将制造39部可用于飞行的引擎，再用一个月时间整合，因此其研发的新一代巨型运载火箭“星舰”(Starship)有望在5月进行轨道飞行测试。马斯克在社交媒体上表示，SpaceX计划于今年的发射质量占全球发射的65%左右。增量需求可能会将这个数字提高到70%左右，但这些数字不包括星舰的发射。粗略计算是今年发射50次，每次16吨，即合共800吨。盘前行情WSB概念股盘前上涨，游戏驿站涨超11%，高斯电子涨超7%，AMC院线涨超5%，3B家居涨近5%。WSB概念股又要火？不只散户涌入，游戏驿站董事长也在买！根据SEC提交的文件，董事长科恩的投资公司RC Ventures周二以96.81美元至108.82美元的价格购买了游戏驿站10万股股票。美股工业大麻板块走高，Tilray涨超10%，奥罗拉大麻公司涨超7%，Sundial Grower涨超6%，Canopy Growth涨超4%。水滴盘前涨超13%，公司2021财年第四季度净利润591万元，提前实现扭亏为盈目标。BOSS直聘盘前涨超4%，2021年营收同比增119%至42.6亿元。Adobe盘前跌超3%，Q2业绩指引不及预期。丰田汽车盘前涨近3%，将以1000亿日元的额度回购至多0.58%的股份。欧洲市场欧洲主要股指普遍走弱，截至发稿，德国DAX30指数跌0.89%，英国富时100涨0.07%，法国CAC40跌0.65%。来源：英为财情Investing.com原油国际油价上涨，美油报112.72美元/桶，日内跌幅3.16%；布油现报119.20美元/桶，日内涨幅3.24%。国际油价持坚，市场对全球第二大石油出口国俄罗斯遭受制裁导致全球供应紧张的担忧加剧，并且哈萨克斯坦出口可能存在受干扰迹象。全球最大石油消费国美国的原油库存暴跌，也加剧了供应担忧。黄金现货黄金日内涨0.43%，报1929.80美元/盎司。现货黄金重新走强，投资者等待美国总统拜登欧洲之行期间公布对俄罗斯的新制裁措施。此外，美联储本周释放激进立场带来的利空效应消退，投资者担心美联储激进收水可能给经济增长和就业带来的不利影响。","news_type":1,"symbols_score_info":{"ACB":0.9,"ADBE":0.9,".SPX":0.9,"AMC":0.9,"KOSS":0.9,".IXIC":0.9,"TLRY":0.9,"MSOX":1,".DJI":0.9,"GME":0.9,"BBBY":0.9}},"isVote":1,"tweetType":1,"viewCount":3641,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9035327931,"gmtCreate":1647521401544,"gmtModify":1676534239739,"author":{"id":"3570851817701677","authorId":"3570851817701677","name":"SuChing","avatar":"https://static.tigerbbs.com/2000f4d895d6cd3566116222904381ac","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3570851817701677","authorIdStr":"3570851817701677"},"themes":[],"htmlText":"Read&nbsp;","listText":"Read&nbsp;","text":"Read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9035327931","repostId":"1180910277","repostType":4,"isVote":1,"tweetType":1,"viewCount":3693,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":157895090,"gmtCreate":1625576739510,"gmtModify":1703744105357,"author":{"id":"3570851817701677","authorId":"3570851817701677","name":"SuChing","avatar":"https://static.tigerbbs.com/2000f4d895d6cd3566116222904381ac","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3570851817701677","authorIdStr":"3570851817701677"},"themes":[],"htmlText":"Wow&nbsp;","listText":"Wow&nbsp;","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/157895090","repostId":"2149368527","repostType":4,"isVote":1,"tweetType":1,"viewCount":4309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153981174,"gmtCreate":1625004864398,"gmtModify":1703849755690,"author":{"id":"3570851817701677","authorId":"3570851817701677","name":"SuChing","avatar":"https://static.tigerbbs.com/2000f4d895d6cd3566116222904381ac","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3570851817701677","authorIdStr":"3570851817701677"},"themes":[],"htmlText":"Wow&nbsp;","listText":"Wow&nbsp;","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/153981174","repostId":"1180006824","repostType":4,"repost":{"id":"1180006824","kind":"news","pubTimestamp":1624979545,"share":"https://ttm.financial/m/news/1180006824?lang=en_US&edition=fundamental","pubTime":"2021-06-29 23:12","market":"us","language":"en","title":"Here’s what inflation’s spike means for stocks now","url":"https://stock-news.laohu8.com/highlight/detail?id=1180006824","media":"MarketWatch","summary":"Expectations about inflation’s short-term impact on growth- and value stocks have no historical basi","content":"<p>Expectations about inflation’s short-term impact on growth- and value stocks have no historical basis</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a11ddc0063c90ff3e9f3bfe11e8ad739\" tg-width=\"1260\" tg-height=\"850\"><span>AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p>\n<p>Don’t look to the latest inflation figures to help you time the U.S. stock market’s near-term ups and downs.</p>\n<p>That’s worth keeping in mind because, based on recent experience, you’d be excused for thinking that inflation plays a powerful role in the stock market’s shorter-term gyrations. During the inflation scare between mid-April and mid-May, for example, value stocks outperformed growth stocks — just as conventional wisdom would expect. Since mid-May, inflation worries have receded and value stocks have lagged.</p>\n<p>It doesn’t always work out this neatly. In fact, I could find no noteworthy historical relationship between inflation’s short-term trend and the performance of either the stock market as a whole or the relative performance of value- and growth stocks.</p>\n<p>To search for such correlations, I started by analyzing monthly inflation, interest rates and stock market data from Yale University finance professor Robert Shiller going back to 1871. I calculated the correlation coefficients between inflation and the S&amp;P 500&nbsp;over different short-term periods extending from the trailing one month to trailing 12 months.</p>\n<p>I largely came up empty. Consider the extent to which changes in the CPI explain or predict simultaneous changes in the S&amp;P 500 (as measured by a statistic known as r-squared). Regardless of the time horizon between one- and 12 months, the CPI (or its predecessor) since 1871 has been able to predict no more than 4% of the S&amp;P 500’s gyrations. (Note carefully that, when measuring these correlations, I focused on the S&amp;P 500’s inflation-adjusted total return so as not to bias my calculations.)</p>\n<p>One of the reasons for the absence of a strong correlation is that the stock market has a love-hate relationship with inflation. When investors are more worried about economic weakness, or even deflation, higher inflation is sometimes seen as a good thing. At other times inflation and stocks are inversely correlated.</p>\n<p>This fluctuating correlation is illustrated in the chart below, which tracks the correlation coefficient between the CPI and the S&amp;P 500’s inflation-adjusted total return over the trailing 12 months. Notice the absence of any consistent relationship.</p>\n<p><img src=\"https://static.tigerbbs.com/12ac0cc9ed7a8d766f3308cbf6daeaf5\" tg-width=\"1260\" tg-height=\"882\"></p>\n<p>As a double-check on this surprising conclusion, I reran my analysis focusing on interest rates rather than the CPI. That’s revealing because interest rates reflect not only recent changes in inflation but also expected future inflation. The correlations between short-term movements in interest rates and the stock market were even weaker than when I focused on inflation.</p>\n<p><b>Value vs. growth when inflation and interest rates rise</b></p>\n<p>What about value’s performance relative to growth? Surely it historically has followed the same pattern we’ve seen over the past couple of months?</p>\n<p>Not so. To reach that counterintuitive conclusion, I analyzed the monthly returns of U.S. value and growth stocks since 1926, courtesy of data from Dartmouth College finance professor Ken French. (Specifically, the value stock portfolio contained the 30% of the U.S. market with the lowest book/market ratios, while the growth stock portfolio contained the 30% with the highest such ratios.) When focusing on all trailing time periods from one- to 12 months, I found no statistically significant correlation between inflation and the relative performance of value and growth stocks.</p>\n<p>Even more surprising is what emerged when focusing on the relationship between interest rates and value’s performance relative to growth: I found an inverse correlation. That is just the opposite of what we saw over the past couple of months, and the opposite of what conventional wisdom teaches us about how value stocks should perform in a rising interest rate environment.</p>\n<p>My analysis doesn’t suggest that investors should now do the opposite, betting on value when previously they bet on growth, or vice versa. The point of this analysis is that there’s an unsteady and often insignificant historical relationship between inflation and interest rates, on the one hand, and the stock market and value’s performance relative to growth, on the other.</p>\n<p>Short-term stock-market timers need to look elsewhere for stronger clues as to where the market is headed.</p>","source":"lsy1603348471595","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here’s what inflation’s spike means for stocks now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere’s what inflation’s spike means for stocks now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-29 23:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.marketwatch.com/story/heres-what-inflations-spike-means-for-stocks-now-11624928059?mod=home-page><strong>MarketWatch</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Expectations about inflation’s short-term impact on growth- and value stocks have no historical basis\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nDon’t look to the latest inflation figures to help you time the ...</p>\n\n<a href=\"https://www.marketwatch.com/story/heres-what-inflations-spike-means-for-stocks-now-11624928059?mod=home-page\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/heres-what-inflations-spike-means-for-stocks-now-11624928059?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180006824","content_text":"Expectations about inflation’s short-term impact on growth- and value stocks have no historical basis\nAGENCE FRANCE-PRESSE/GETTY IMAGES\nDon’t look to the latest inflation figures to help you time the U.S. stock market’s near-term ups and downs.\nThat’s worth keeping in mind because, based on recent experience, you’d be excused for thinking that inflation plays a powerful role in the stock market’s shorter-term gyrations. During the inflation scare between mid-April and mid-May, for example, value stocks outperformed growth stocks — just as conventional wisdom would expect. Since mid-May, inflation worries have receded and value stocks have lagged.\nIt doesn’t always work out this neatly. In fact, I could find no noteworthy historical relationship between inflation’s short-term trend and the performance of either the stock market as a whole or the relative performance of value- and growth stocks.\nTo search for such correlations, I started by analyzing monthly inflation, interest rates and stock market data from Yale University finance professor Robert Shiller going back to 1871. I calculated the correlation coefficients between inflation and the S&P 500 over different short-term periods extending from the trailing one month to trailing 12 months.\nI largely came up empty. Consider the extent to which changes in the CPI explain or predict simultaneous changes in the S&P 500 (as measured by a statistic known as r-squared). Regardless of the time horizon between one- and 12 months, the CPI (or its predecessor) since 1871 has been able to predict no more than 4% of the S&P 500’s gyrations. (Note carefully that, when measuring these correlations, I focused on the S&P 500’s inflation-adjusted total return so as not to bias my calculations.)\nOne of the reasons for the absence of a strong correlation is that the stock market has a love-hate relationship with inflation. When investors are more worried about economic weakness, or even deflation, higher inflation is sometimes seen as a good thing. At other times inflation and stocks are inversely correlated.\nThis fluctuating correlation is illustrated in the chart below, which tracks the correlation coefficient between the CPI and the S&P 500’s inflation-adjusted total return over the trailing 12 months. Notice the absence of any consistent relationship.\n\nAs a double-check on this surprising conclusion, I reran my analysis focusing on interest rates rather than the CPI. That’s revealing because interest rates reflect not only recent changes in inflation but also expected future inflation. The correlations between short-term movements in interest rates and the stock market were even weaker than when I focused on inflation.\nValue vs. growth when inflation and interest rates rise\nWhat about value’s performance relative to growth? Surely it historically has followed the same pattern we’ve seen over the past couple of months?\nNot so. To reach that counterintuitive conclusion, I analyzed the monthly returns of U.S. value and growth stocks since 1926, courtesy of data from Dartmouth College finance professor Ken French. (Specifically, the value stock portfolio contained the 30% of the U.S. market with the lowest book/market ratios, while the growth stock portfolio contained the 30% with the highest such ratios.) When focusing on all trailing time periods from one- to 12 months, I found no statistically significant correlation between inflation and the relative performance of value and growth stocks.\nEven more surprising is what emerged when focusing on the relationship between interest rates and value’s performance relative to growth: I found an inverse correlation. That is just the opposite of what we saw over the past couple of months, and the opposite of what conventional wisdom teaches us about how value stocks should perform in a rising interest rate environment.\nMy analysis doesn’t suggest that investors should now do the opposite, betting on value when previously they bet on growth, or vice versa. The point of this analysis is that there’s an unsteady and often insignificant historical relationship between inflation and interest rates, on the one hand, and the stock market and value’s performance relative to growth, on the other.\nShort-term stock-market timers need to look elsewhere for stronger clues as to where the market is headed.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":3554,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159790744,"gmtCreate":1624979019088,"gmtModify":1703849423041,"author":{"id":"3570851817701677","authorId":"3570851817701677","name":"SuChing","avatar":"https://static.tigerbbs.com/2000f4d895d6cd3566116222904381ac","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3570851817701677","authorIdStr":"3570851817701677"},"themes":[],"htmlText":"Wow&nbsp;","listText":"Wow&nbsp;","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/159790744","repostId":"2147343850","repostType":4,"isVote":1,"tweetType":1,"viewCount":3545,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164620023,"gmtCreate":1624201882362,"gmtModify":1703830558935,"author":{"id":"3570851817701677","authorId":"3570851817701677","name":"SuChing","avatar":"https://static.tigerbbs.com/2000f4d895d6cd3566116222904381ac","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3570851817701677","authorIdStr":"3570851817701677"},"themes":[],"htmlText":"good&nbsp;","listText":"good&nbsp;","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/164620023","repostId":"1133385197","repostType":4,"repost":{"id":"1133385197","kind":"news","pubTimestamp":1624151969,"share":"https://ttm.financial/m/news/1133385197?lang=en_US&edition=fundamental","pubTime":"2021-06-20 09:19","market":"us","language":"en","title":"Answering the great inflation question of our time","url":"https://stock-news.laohu8.com/highlight/detail?id=1133385197","media":"finance.yahoo","summary":"Prices of everything; a house in Phoenix, a Ford F-150, a plane ticket to New York, have all gone up","content":"<p>Prices of everything; a house in Phoenix, a Ford F-150, a plane ticket to New York, have all gone up. That much is true.</p>\n<p>Unfortunately pretty much everything else about inflation—a red hot topic these days—is conjecture. And that’s vexing, not just for the dismal scientists (aka economists), but for all of us, because whether or not prices are really rising, by how much and for how long, has massive implications in our lives. Or as Mark Zandi, chief economist at Moody’s Analytics, says: “Inflation is one of the mysteries of economic study and thought. A difficult thing to gauge and forecast and get right. That’s why the risks are high.”</p>\n<p>The current debate over inflation really revolves around two questions: First, is this current spate of inflation, just that, a spate—or to use Wall Street’s buzzword of the moment, “transitory,”—or not? (Just to give you an idea of how buzzy, when I Google the word “transitory” the search engine suggests “inflation” after it.) And second, transitory (aka temporary) inflation or not, what does it suggest for the economy and markets?</p>\n<p>Before I get into that, let me lay out what’s going on with prices right now. First, know that inflation,which peaked in 1980 at an annualized rate of 13.55%,has been tame for quite some time, specifically 4% or less for nearly 30 years. Which means that anyone 40 years old or younger has no experience with inflation other than maybe from an Econ 101 textbook. Obviously that could be a problem.</p>\n<p>As an aside I remember President Ford in 1974 trying to jawbone inflation down with his \"Whip Inflation Now\" campaign, which featured“Win” buttons,earringsand evenugly sweaters.None of this worked and it took draconian measures by Fed Chair Paul Volcker (raising rates and targeting money supply,as described by Former President of the Federal Reserve Bank of St. Louis, William Poole)to eventually tame inflation and keep it under wraps for all those years.</p>\n<p>Until now perhaps. Last week theLabor Department reported that consumer prices (the CPI, or consumer price index) rose 5% in May,the fastest annual rate in nearly 13 years—which was when the economy was overheating from the housing boom which subsequently went bust and sent the economy off a cliff and into the Great Recession. Core inflation, which excludes volatile food and energy prices, was up 3.8%, the biggest increase since May 1992. (For the record, the likelihood of the economy tanking right now is de minimis.)</p>\n<p><img src=\"https://static.tigerbbs.com/87f75dfcb98fb5a0e7c3f9d3f8d336e2\" tg-width=\"705\" tg-height=\"412\" referrerpolicy=\"no-referrer\"></p>\n<p>Used car and truck prices are a major driver of inflation, climbing 7.3% last month and 29.7% over the past year. New car prices are up too, which have pushed upshares of Ford and GM a remarkable 40% plus this year.Clearly Americans want to buy vehicles to go on vacation and get back to work. And Yahoo Finance’sJanna Herron reportsthat rents are rising at their fastest pace in 15 years.</p>\n<p>To be sure, not all prices are climbing.As Yahoo Finance’s Rick Newman points out,prices are not up much at all for health care, education and are basically flat for technology, including computers, smartphones and internet service (an important point which we’ll get back to.)</p>\n<p>But that’s the counterpoint really. Americans are obsessed with cars, housing is critical and many of us are experiencing sticker shock booking travel this summer. Higher prices are front and center. Wall Street too is in a tizzy about inflation, and concerns about it and more importantly Federal Reserve policy in response to inflation (see below), sent stocks lower with the S&amp;P 500 down 1.91% this week, its worst week since February.</p>\n<p>Given this backdrop, the tension (such as it is) was high when the Fed met this week to deliver its forecast and for Chair Jay Powell to answer questions from the media. Or at least so said hedge fund honcho Paul Tudor Jones,who characterized the proceedings on CNBCas “the most important meeting in [Chairman] Jay Powell’s career, certainly the most important Fed meeting of the past four or five years.” Jones was critical of the Fed, which he believes is now stimulating the economy unnecessarily by keeping interest rates low and by buying financial assets. Unnecessarily, Jones says, because the economy is already running hot and needs no support. The Fed (which is in the transitory camp when it comes to inflation) risks overheating the economy by creating runaway inflation, according to PTJ.</p>\n<p>Now I don’t see eye to eye with Jones on this, though I should point out, he's a billionaire from investing in financial markets, and let’s just say I’m not. I should also point out that Jones, 66, is in fact old enough to remember inflation, never mind that as a young man he called the 1987 stock market crash. So we should all ignore Jones at our peril.</p>\n<p>As for what the Fed put forth this past Wednesday, well it wasn’t much, signaling an expectation ofraising interest rates twice by the end of 2023(yes, that is down the road.) And Powell, who’s become much more adept at not rippling the waters these days after some rougher forays earlier in his tenure, didn’t drop any bombshells in the presser.</p>\n<p>Which brings us to the question of why the Federal Reserve isn’t so concerned about inflation and thinks it is mostly—here’s that word again—transitory. To answer that, we need to first address why prices are rising right now, which can be summed up in one very familiar abbreviation: COVID-19. When COVID hit last spring the economy collapsed, which crushed demand in sectors like leisure, travel and retail. Now the economy is roaring back to life and businesses can raise prices, certainly over 2020 levels.</p>\n<p>“We clearly should’ve expected it,” says William Spriggs, chief economist at the AFL-CIO and a professor of economics at Howard University. “You can’t shut down the economy and think you turn on the switch [without some inflation].”</p>\n<p>“We had a pandemic that forced an artificial shutdown of the economy in a way that even the collapse of the financial system and the housing market didn’t, and we had a snapback at a rate we’ve never seen before—not because of the fundamentals driving recovery but because of government,” says Joel Naroff, president and chief economist of Naroff Economics.</p>\n<p>COVID had other secondary effects on the economy though, besides just ultimately producing a snapback. For one thing, the pandemic throttled supply chains, specifically the shipping of parts and components from one part of the globe to another. It also confused managers about how much to produce and therefore how many parts to order.</p>\n<p>A prime example here is what happened to the chip (semiconductor) and auto industrieswhich I wrote about last month.Car makers thought no one would buy vehicles during the pandemic and pared back their orders with chipmakers, (which were having a tough time shipping their chips anyway.) Turned out the car guys were wrong, millions of people wanted cars and trucks, but the automakers didn’t have enough chips for their cars and had to curb production. Fewer vehicles and strong demand led to higher new car prices, which cascaded to used car prices then to car rental rates. Net net, all the friction and slowness of getting things delivered now adds to costs which causes companies to raise prices.</p>\n<p>Another secondary effect of COVID which has been inflationary comes from employment,which I got into a bit last week.We all know millions were thrown out of work by COVID last year, many of whom were backstopped by government payments that could add up to $600 a week (state and federal.) These folks have been none too keen on coming back to work for minimum wage, or $290 a week. So to lure them back employers are having to pay more, which puts more money in people's pockets which allows stores for example to raise prices.</p>\n<p><b>Anti-inflation forces</b></p>\n<p>But here’s the big-time question: If COVID was temporary, and therefore its effects are temporary and inflation is one of its effects then doesn’t it follow, ipso facto, that inflation is (OK I’ll say it again), transitory?</p>\n<p>I say yes, (with a bit of a caveat.) And most economists, like Claudia Sahm, a senior fellow at the Jain Family Institute and a former Federal Reserve economist, agree. “‘Transitory’ has become a buzzword,” she says. “It is important to be more concrete about what we mean by that. We’re probably going to see in the next few months inflation numbers that are bigger than average, but as long as they keep stepping down, that’s the sign of it being transitory. If we didn’t see any sign of inflation stepping down some, it would’ve started feeling like ‘Houston, we have a problem.’”</p>\n<p>To buttress my argument beyond that above \"if-then\" syllogism, let’s take a look at why inflation has been so low for the past three decades.</p>\n<p>To me this is mostly obvious. Prices have been tamped down by the greatest anti-inflation force of our lifetime, that being technology, specifically the explosion of consumer technology. Think about it. The first wave of technology, a good example would be IBM mainframes, saved big companies money in back-office functions, savings which they mostly kept for themselves (higher profits) and their shareholders. But the four great landmark events in the advent of consumer technology; the introduction ofthe PC in 1974 (MITS Altair),the Netscape IPO of 1995,Google search in 1998,and the launch of theiPhone in 2007(I remember Steve Jobs demoing it to me like it was yesterday), greatly accelerated, broadened and deepened this deflationary trend.</p>\n<p>Not only has technology been pushing down the cost of everything from drilling for oil, to manufacturing clothes to farming, and allowing for the creation of groundbreaking (and deflationary) competitors like Uber, Airbnb and Netflix, but it also let consumers find—on their phones—the most affordable trip to Hawaii, the least expensive haircut or the best deal on Nikes.</p>\n<p>So technology has reduced the cost of almost everything and will continue to do so the rest of our lifetime. Bottom line: Unless something terrible happens, the power of technology will outweigh and outlive COVID.</p>\n<p>There is one mitigating factor and that is globalism, which is connected to both technology and COVID. Let me briefly explain.</p>\n<p>After World War II, most of humanity has become more and more connected in terms of trade, communication, travel, etc. (See supply chain above.) Technology of course was a major enabler here; better ships, planes and faster internet, all of which as it grew more potent, accelerated globalism. Another element was the introduction of political constructs like the World Trade Organization and NAFTA. (I think of the Clinton administration andChina joining the WTO in 2001as perhaps the high-water marks of globalization.)</p>\n<p>Like its technological cousin, globalism has deflationary effects particularly on the labor front as companies could more and more easily find lowest cost countries to produce goods and source materials. And like technology, globalization seemed inexorable, which it was, until it wasn’t. Political winds, manifested by the likes of Brexit and leaders like Putin, Xi Jinping, Erdogan, Bolsonaro, Duterte and of course Donald Trump have caused globalism to wane and anti-globalism and nationalism to wax.</p>\n<p>The internet too, once seen as only a great connector, has also become a global divider, as the world increasingly fractures into Chinese, U.S. and European walled digital zones when it comes to social media and search for example. Security risks, privacy, spying and hacking of course divide us further here too.</p>\n<p>So technology, which had made globalism stronger and stronger, now also makes it weaker and weaker.</p>\n<p>COVID plays a role in rethinking globalism as it exposes vulnerabilities in the supply chain. Companies that were rethinking their manufacturing in China but considering another country, are now wondering if it just makes sense to repatriate the whole shebang. Supply chains that were optimized for cost only are being rethought with security and reliability being factored in and that costs money.</p>\n<p>How significant is this decline in globalization and how permanent is it? Good questions. But my point here is whether or not \"globalism disrupted\" is transitory (!) or not, it could push prices up, (in the short and intermediate run at least), as cost is sacrificed for predictability. Longer term I say Americans are a resourceful people. We’ll figure out how to make cost effective stuff in the U.S. It’s also likely that globalism will trend upward again, though perhaps not as unfettered as it once was.</p>\n<p>More downward pressure on pricing could come from shifts in employment practices. Mark Zandi points out that “the work-from-anywhere dynamic could depress wage growth and prices. If I don’t need to work in New York anymore and could live in Tampa, it stands to reason my wage could get cut or I won’t get the same wage increase in the future.”</p>\n<p>And so what is Zandi’s take on transitory? “What we’re observing now is prices going back to pre-pandemic,” he says. “The price spikes we’re experiencing now will continue for the next few months through summer but certainly by the end of year, this time next year, they will have disappeared. I do think underlying inflation will be higher post-pandemic than pre-pandemic, but that’s a feature not a bug.”</p>\n<p>I don’t disagree. To me it’s simple: The technology wave I’ve described above is bigger than COVID and bigger than the rise and fall of globalism. And that is why, ladies and gentlemen, I believe inflation will be transitory, certainly in the long run. (Though I’m well aware of whatJohn Maynard Keynes said about the long run.)</p>","source":"lsy1612507957220","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Answering the great inflation question of our time</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\">\nAnswering the great inflation question of our time\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-20 09:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/answering-the-great-inflation-question-of-our-time-114153460.html><strong>finance.yahoo</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Prices of everything; a house in Phoenix, a Ford F-150, a plane ticket to New York, have all gone up. That much is true.\nUnfortunately pretty much everything else about inflation—a red hot topic these...</p>\n\n<a href=\"https://finance.yahoo.com/news/answering-the-great-inflation-question-of-our-time-114153460.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯"},"source_url":"https://finance.yahoo.com/news/answering-the-great-inflation-question-of-our-time-114153460.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1133385197","content_text":"Prices of everything; a house in Phoenix, a Ford F-150, a plane ticket to New York, have all gone up. That much is true.\nUnfortunately pretty much everything else about inflation—a red hot topic these days—is conjecture. And that’s vexing, not just for the dismal scientists (aka economists), but for all of us, because whether or not prices are really rising, by how much and for how long, has massive implications in our lives. Or as Mark Zandi, chief economist at Moody’s Analytics, says: “Inflation is one of the mysteries of economic study and thought. A difficult thing to gauge and forecast and get right. That’s why the risks are high.”\nThe current debate over inflation really revolves around two questions: First, is this current spate of inflation, just that, a spate—or to use Wall Street’s buzzword of the moment, “transitory,”—or not? (Just to give you an idea of how buzzy, when I Google the word “transitory” the search engine suggests “inflation” after it.) And second, transitory (aka temporary) inflation or not, what does it suggest for the economy and markets?\nBefore I get into that, let me lay out what’s going on with prices right now. First, know that inflation,which peaked in 1980 at an annualized rate of 13.55%,has been tame for quite some time, specifically 4% or less for nearly 30 years. Which means that anyone 40 years old or younger has no experience with inflation other than maybe from an Econ 101 textbook. Obviously that could be a problem.\nAs an aside I remember President Ford in 1974 trying to jawbone inflation down with his \"Whip Inflation Now\" campaign, which featured“Win” buttons,earringsand evenugly sweaters.None of this worked and it took draconian measures by Fed Chair Paul Volcker (raising rates and targeting money supply,as described by Former President of the Federal Reserve Bank of St. Louis, William Poole)to eventually tame inflation and keep it under wraps for all those years.\nUntil now perhaps. Last week theLabor Department reported that consumer prices (the CPI, or consumer price index) rose 5% in May,the fastest annual rate in nearly 13 years—which was when the economy was overheating from the housing boom which subsequently went bust and sent the economy off a cliff and into the Great Recession. Core inflation, which excludes volatile food and energy prices, was up 3.8%, the biggest increase since May 1992. (For the record, the likelihood of the economy tanking right now is de minimis.)\n\nUsed car and truck prices are a major driver of inflation, climbing 7.3% last month and 29.7% over the past year. New car prices are up too, which have pushed upshares of Ford and GM a remarkable 40% plus this year.Clearly Americans want to buy vehicles to go on vacation and get back to work. And Yahoo Finance’sJanna Herron reportsthat rents are rising at their fastest pace in 15 years.\nTo be sure, not all prices are climbing.As Yahoo Finance’s Rick Newman points out,prices are not up much at all for health care, education and are basically flat for technology, including computers, smartphones and internet service (an important point which we’ll get back to.)\nBut that’s the counterpoint really. Americans are obsessed with cars, housing is critical and many of us are experiencing sticker shock booking travel this summer. Higher prices are front and center. Wall Street too is in a tizzy about inflation, and concerns about it and more importantly Federal Reserve policy in response to inflation (see below), sent stocks lower with the S&P 500 down 1.91% this week, its worst week since February.\nGiven this backdrop, the tension (such as it is) was high when the Fed met this week to deliver its forecast and for Chair Jay Powell to answer questions from the media. Or at least so said hedge fund honcho Paul Tudor Jones,who characterized the proceedings on CNBCas “the most important meeting in [Chairman] Jay Powell’s career, certainly the most important Fed meeting of the past four or five years.” Jones was critical of the Fed, which he believes is now stimulating the economy unnecessarily by keeping interest rates low and by buying financial assets. Unnecessarily, Jones says, because the economy is already running hot and needs no support. The Fed (which is in the transitory camp when it comes to inflation) risks overheating the economy by creating runaway inflation, according to PTJ.\nNow I don’t see eye to eye with Jones on this, though I should point out, he's a billionaire from investing in financial markets, and let’s just say I’m not. I should also point out that Jones, 66, is in fact old enough to remember inflation, never mind that as a young man he called the 1987 stock market crash. So we should all ignore Jones at our peril.\nAs for what the Fed put forth this past Wednesday, well it wasn’t much, signaling an expectation ofraising interest rates twice by the end of 2023(yes, that is down the road.) And Powell, who’s become much more adept at not rippling the waters these days after some rougher forays earlier in his tenure, didn’t drop any bombshells in the presser.\nWhich brings us to the question of why the Federal Reserve isn’t so concerned about inflation and thinks it is mostly—here’s that word again—transitory. To answer that, we need to first address why prices are rising right now, which can be summed up in one very familiar abbreviation: COVID-19. When COVID hit last spring the economy collapsed, which crushed demand in sectors like leisure, travel and retail. Now the economy is roaring back to life and businesses can raise prices, certainly over 2020 levels.\n“We clearly should’ve expected it,” says William Spriggs, chief economist at the AFL-CIO and a professor of economics at Howard University. “You can’t shut down the economy and think you turn on the switch [without some inflation].”\n“We had a pandemic that forced an artificial shutdown of the economy in a way that even the collapse of the financial system and the housing market didn’t, and we had a snapback at a rate we’ve never seen before—not because of the fundamentals driving recovery but because of government,” says Joel Naroff, president and chief economist of Naroff Economics.\nCOVID had other secondary effects on the economy though, besides just ultimately producing a snapback. For one thing, the pandemic throttled supply chains, specifically the shipping of parts and components from one part of the globe to another. It also confused managers about how much to produce and therefore how many parts to order.\nA prime example here is what happened to the chip (semiconductor) and auto industrieswhich I wrote about last month.Car makers thought no one would buy vehicles during the pandemic and pared back their orders with chipmakers, (which were having a tough time shipping their chips anyway.) Turned out the car guys were wrong, millions of people wanted cars and trucks, but the automakers didn’t have enough chips for their cars and had to curb production. Fewer vehicles and strong demand led to higher new car prices, which cascaded to used car prices then to car rental rates. Net net, all the friction and slowness of getting things delivered now adds to costs which causes companies to raise prices.\nAnother secondary effect of COVID which has been inflationary comes from employment,which I got into a bit last week.We all know millions were thrown out of work by COVID last year, many of whom were backstopped by government payments that could add up to $600 a week (state and federal.) These folks have been none too keen on coming back to work for minimum wage, or $290 a week. So to lure them back employers are having to pay more, which puts more money in people's pockets which allows stores for example to raise prices.\nAnti-inflation forces\nBut here’s the big-time question: If COVID was temporary, and therefore its effects are temporary and inflation is one of its effects then doesn’t it follow, ipso facto, that inflation is (OK I’ll say it again), transitory?\nI say yes, (with a bit of a caveat.) And most economists, like Claudia Sahm, a senior fellow at the Jain Family Institute and a former Federal Reserve economist, agree. “‘Transitory’ has become a buzzword,” she says. “It is important to be more concrete about what we mean by that. We’re probably going to see in the next few months inflation numbers that are bigger than average, but as long as they keep stepping down, that’s the sign of it being transitory. If we didn’t see any sign of inflation stepping down some, it would’ve started feeling like ‘Houston, we have a problem.’”\nTo buttress my argument beyond that above \"if-then\" syllogism, let’s take a look at why inflation has been so low for the past three decades.\nTo me this is mostly obvious. Prices have been tamped down by the greatest anti-inflation force of our lifetime, that being technology, specifically the explosion of consumer technology. Think about it. The first wave of technology, a good example would be IBM mainframes, saved big companies money in back-office functions, savings which they mostly kept for themselves (higher profits) and their shareholders. But the four great landmark events in the advent of consumer technology; the introduction ofthe PC in 1974 (MITS Altair),the Netscape IPO of 1995,Google search in 1998,and the launch of theiPhone in 2007(I remember Steve Jobs demoing it to me like it was yesterday), greatly accelerated, broadened and deepened this deflationary trend.\nNot only has technology been pushing down the cost of everything from drilling for oil, to manufacturing clothes to farming, and allowing for the creation of groundbreaking (and deflationary) competitors like Uber, Airbnb and Netflix, but it also let consumers find—on their phones—the most affordable trip to Hawaii, the least expensive haircut or the best deal on Nikes.\nSo technology has reduced the cost of almost everything and will continue to do so the rest of our lifetime. Bottom line: Unless something terrible happens, the power of technology will outweigh and outlive COVID.\nThere is one mitigating factor and that is globalism, which is connected to both technology and COVID. Let me briefly explain.\nAfter World War II, most of humanity has become more and more connected in terms of trade, communication, travel, etc. (See supply chain above.) Technology of course was a major enabler here; better ships, planes and faster internet, all of which as it grew more potent, accelerated globalism. Another element was the introduction of political constructs like the World Trade Organization and NAFTA. (I think of the Clinton administration andChina joining the WTO in 2001as perhaps the high-water marks of globalization.)\nLike its technological cousin, globalism has deflationary effects particularly on the labor front as companies could more and more easily find lowest cost countries to produce goods and source materials. And like technology, globalization seemed inexorable, which it was, until it wasn’t. Political winds, manifested by the likes of Brexit and leaders like Putin, Xi Jinping, Erdogan, Bolsonaro, Duterte and of course Donald Trump have caused globalism to wane and anti-globalism and nationalism to wax.\nThe internet too, once seen as only a great connector, has also become a global divider, as the world increasingly fractures into Chinese, U.S. and European walled digital zones when it comes to social media and search for example. Security risks, privacy, spying and hacking of course divide us further here too.\nSo technology, which had made globalism stronger and stronger, now also makes it weaker and weaker.\nCOVID plays a role in rethinking globalism as it exposes vulnerabilities in the supply chain. Companies that were rethinking their manufacturing in China but considering another country, are now wondering if it just makes sense to repatriate the whole shebang. Supply chains that were optimized for cost only are being rethought with security and reliability being factored in and that costs money.\nHow significant is this decline in globalization and how permanent is it? Good questions. But my point here is whether or not \"globalism disrupted\" is transitory (!) or not, it could push prices up, (in the short and intermediate run at least), as cost is sacrificed for predictability. Longer term I say Americans are a resourceful people. We’ll figure out how to make cost effective stuff in the U.S. It’s also likely that globalism will trend upward again, though perhaps not as unfettered as it once was.\nMore downward pressure on pricing could come from shifts in employment practices. Mark Zandi points out that “the work-from-anywhere dynamic could depress wage growth and prices. If I don’t need to work in New York anymore and could live in Tampa, it stands to reason my wage could get cut or I won’t get the same wage increase in the future.”\nAnd so what is Zandi’s take on transitory? “What we’re observing now is prices going back to pre-pandemic,” he says. “The price spikes we’re experiencing now will continue for the next few months through summer but certainly by the end of year, this time next year, they will have disappeared. I do think underlying inflation will be higher post-pandemic than pre-pandemic, but that’s a feature not a bug.”\nI don’t disagree. To me it’s simple: The technology wave I’ve described above is bigger than COVID and bigger than the rise and fall of globalism. And that is why, ladies and gentlemen, I believe inflation will be transitory, certainly in the long run. (Though I’m well aware of whatJohn Maynard Keynes said about the long run.)","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":4591,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164661493,"gmtCreate":1624201423012,"gmtModify":1703830551279,"author":{"id":"3570851817701677","authorId":"3570851817701677","name":"SuChing","avatar":"https://static.tigerbbs.com/2000f4d895d6cd3566116222904381ac","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3570851817701677","authorIdStr":"3570851817701677"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/164661493","repostId":"1199331995","repostType":4,"isVote":1,"tweetType":1,"viewCount":4744,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":true}