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windspring

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- windspringwindspring
  ·2022-12-09
  $Microsoft(MSFT)$
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- windspringwindspring
  ·2022-11-28
  $Sea Ltd(SE)$
  516 Comment
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- windspringwindspring
  ·2022-11-27
  $Microsoft(MSFT)$
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- windspringwindspring
  ·2022-11-21
  Wow
  Beyond the Crypto Crash, a Big Squeeze Jolts Stock Markets Anew
  Hedge funds cover short wagers at the fastest rate since 2021Thinly positioned investors play catch-
  Beyond the Crypto Crash, a Big Squeeze Jolts Stock Markets Anew
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- windspringwindspring
  ·2022-11-16
  $Microsoft(MSFT)$
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- windspringwindspring
  ·2022-11-05
  Wow
  Why Did the U.S. Stock Market Move Higher?
  What's driving the market's move higher? It's a puzzle.A hot inflation report would normally push up
  Why Did the U.S. Stock Market Move Higher?
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- windspringwindspring
  ·2022-10-26
  Wow
  Real Estate Fintechs Are in Trouble. But SoFi Stock Could Soar 60%.
  Source: Wirestock Creators / Shutterstock.com On Friday, Credit Suisse’s (NYSE:CS) bosses acciden
  Real Estate Fintechs Are in Trouble. But SoFi Stock Could Soar 60%.
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- windspringwindspring
  ·2022-09-05
  Wow
  Reminder: US Market Will be Closed for Labor Day on Monday, 5 September 2022 EDT
  Dear Valued Client,US Labor Day is around the corner. The U.S. market will be closed on Monday, 5 Se
  Reminder: US Market Will be Closed for Labor Day on Monday, 5 September 2022 EDT
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- windspringwindspring
  ·2021-07-15
  Wow
  Democrats’ $3.5 trillion budget package funds family programs, clean energy and Medicare expansion
  KEY POINTS Senate Democrats released the framework Wednesday for their $3.5 trillion budget resolut
  Democrats’ $3.5 trillion budget package funds family programs, clean energy and Medicare expansion
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- windspringwindspring
  ·2021-07-15
  Wow//@Showcase: Nice
  Nio Throws New Challenge At Tesla As Competition Heats Up
  The Tesla of China plans 4,000 battery-swap stations for electric vehicles by 2025. Nio stock reversed lower.
  Nio Throws New Challenge At Tesla As Competition Heats Up
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data-views=\"1\"></v-v>","text":"$Microsoft(MSFT)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9966812969","isVote":1,"tweetType":1,"viewCount":615,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9961293784,"gmtCreate":1668975306449,"gmtModify":1676538132558,"author":{"id":"3575962000596639","authorId":"3575962000596639","name":"windspring","avatar":"https://community-static.tradeup.com/news/9db5e6cf6f2c0772fd2a8ed3eec6b8f9","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575962000596639","idStr":"3575962000596639"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/9961293784","repostId":"1178738535","repostType":4,"repost":{"id":"1178738535","pubTimestamp":1668917402,"share":"https://ttm.financial/m/news/1178738535?lang=&edition=fundamental","pubTime":"2022-11-20 12:10","market":"us","language":"en","title":"Beyond the Crypto Crash, a Big Squeeze Jolts Stock Markets Anew","url":"https://stock-news.laohu8.com/highlight/detail?id=1178738535","media":"Bloomberg","summary":"Hedge funds cover short wagers at the fastest rate since 2021Thinly positioned investors play catch-","content":"<html><head></head><body><ul><li>Hedge funds cover short wagers at the fastest rate since 2021</li><li>Thinly positioned investors play catch-up via call options</li></ul><p>Being glued to crypto news this week meant missing adventures in regular markets that while lacking the same high drama, made up for it in terms of money at stake.</p><p>In case you missed it, stock and bond traders spent the last five days still caught in the thrall of an event that may be hard to recall for people mesmerized by the FTX.com collapse: Nov. 10’s inflation report, which ignited a short squeeze among traders expecting a worse number. Reverberations continued to be felt in terms of positioning, trading in derivatives and probably also in wrongly prepared portfolios.</p><p>As usual in 2022, the biggest venue of impact was the US stock options market, where trading volumes are smashing records as investors of all stripes rush into short-dated contracts to catch up. It’s creating snags for what had been billed as the great inflation trade, with the mighty dollar losing luster and technology shares reclaiming their long-lost leadership, at least briefly.</p><p><img src=\"https://static.tigerbbs.com/a4f48b0cd9e065b443fdcd036d7d2aea\" tg-width=\"698\" tg-height=\"392\" width=\"100%\" height=\"auto\"/>The recalibration was prompted when a soft print on consumer prices triggered a reset of the perceived path for Federal Reserve monetary policy. Exacerbating it are money managers who had cut equity exposure to the bone during the bear market and found themselves caught out. With almost everyone sitting on the same side of the trade and exiting at once, an already-turbulent market got weirder.</p><p>“Crypto is just part of a broader mosaic of an almost dysfunctional market,” Doug Fincher, hedge fund manager of Ionic Capital Management, said by phone. “Not to be cynical, but look at CPI last Thursday. It was two basis points better than expected, and the market exploded. There’s a massive amount of technical factor rotation. There’s just a lot of crosscurrents in a really volatile, strange market.”</p><p>The trend abated some during the week, with the S&amp;P 500 closing lower over the period. Short-term Treasury yields regained some ground and the dollar edged higher as Fed officials reiterated their intention to keep raising rates.</p><p>Still, whether inflation has peaked is up for debate. There won’t be another reading for more than three weeks, and investors and policy makers alike have misjudged price trends since the pandemic hit. With data mostly coming in ahead of expectations this year, everyone from currency traders to bond investors were bracing for another big inflation number last week.</p><p>When it didn’t pan out, a cascade of unwinding ensued. The dollar, darling asset of the inflation trade, is losing momentum. Down more than 4% in November, the US currency is poised for its worst month in two years. Two-year Treasuries, where large speculators built up record short positions before the CPI report, saw a rally that pushed yields down 25 basis points when it was released, the most in more than a decade.</p><p><img src=\"https://static.tigerbbs.com/adb44ae869a907655851e60d27113dae\" tg-width=\"698\" tg-height=\"392\" width=\"100%\" height=\"auto\"/>Tech stocks, among the biggest casualties during the Fed’s aggressive inflation-fighting campaign, got a respite. Up more than 9% since the day before the CPI data, the industry has beaten all other major groups in the S&amp;P 500, in a partial reversal of dismal returns earlier this year.</p><p>“These things are certainly bound to happen at around key critical junctures in economic and monetary policy, which is where we’re at -- the Fed shifting from raising rates toward more of a deceleration in terms of hikes,” said Layla Royer, a senior equity derivatives salesperson at Citadel Securities. “It is a significant shift.”</p><p>A basket of the most-shorted stocks soared 18% over the four days through Tuesday, dealing a fresh blow to hedge funds who boosted bearish wagers during a 10-month rout and turning them into forced buyers. Their total short covering over the stretch hit levels not seen since the retail-driven squeeze in January 2021, data compiled by JPMorgan Chase &amp; Co.’s prime broker show.</p><p><img src=\"https://static.tigerbbs.com/295264055c5003bcb86eb4f7fe4f15e8\" tg-width=\"800\" tg-height=\"301\" width=\"100%\" height=\"auto\"/>For a third time this year, the S&amp;P 500 mounted a recovery of more than 10%. Such counter-trend rallies have spurred demand for bullish call options from those who have been defensively positioned in the market. As a result, the index’s skew -- the relative cost of puts versus calls -- this month fell to the lowest level in more than a decade.</p><p>“Market screams back up. You’re at risk of losing your job because you’re going to underperform everybody,” said Dennis Davitt, founder of Millbank Dartmoor Portsmouth LLC, an investment firm that specializes in volatility strategies. “So the remedy for that is just by turning some of your equities into cash and then buying upside calls as a stock replacement.”</p><p>The Fed-induced market gyrations are encouraging investors to go all-in on options to place bullish and bearish bets alike. About 46 million contracts have changed hands each day in November, on course for the busiest month on record, data compiled by Bloomberg show.</p><p>Helping drive the boom is the frenzy trading in derivatives maturing within 24 hours. Such contracts made up a whopping 44% of S&amp;P 500 options volume in the past month, according to an estimate by Goldman Sachs Group Inc.</p><p>For now, the fireworks following the CPI shock appeared to be dying down. The S&amp;P 500 has moved less than 1% for six straight sessions on a closing basis, the longest stretch of calm since January.</p><p>To Mike Bailey, director of research at FBB Capital Partners, the tranquility may not last. For one, the cross-asset rally has contributed to easing financial conditions that’s working against Fed Chair Jerome Powell’s goal to slow the economy.</p><p>“We may get some buyer’s remorse over the next few weeks as investors fret over a potentially hot jobs number and any whiff of hawkishness from Powell and the Fed,” said Bailey. “Investors are coming up for air after a nice run since mid-October. The next question is, are we pricing in too much good news?”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Beyond the Crypto Crash, a Big Squeeze Jolts Stock Markets Anew</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\">\nBeyond the Crypto Crash, a Big Squeeze Jolts Stock Markets Anew\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-20 12:10 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-11-18/beyond-the-crypto-crash-a-big-squeeze-jolts-stock-markets-anew?srnd=markets-vp><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Hedge funds cover short wagers at the fastest rate since 2021Thinly positioned investors play catch-up via call optionsBeing glued to crypto news this week meant missing adventures in regular markets ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-11-18/beyond-the-crypto-crash-a-big-squeeze-jolts-stock-markets-anew?srnd=markets-vp\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QQQ":"纳指100ETF","SPY":"标普500ETF"},"source_url":"https://www.bloomberg.com/news/articles/2022-11-18/beyond-the-crypto-crash-a-big-squeeze-jolts-stock-markets-anew?srnd=markets-vp","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1178738535","content_text":"Hedge funds cover short wagers at the fastest rate since 2021Thinly positioned investors play catch-up via call optionsBeing glued to crypto news this week meant missing adventures in regular markets that while lacking the same high drama, made up for it in terms of money at stake.In case you missed it, stock and bond traders spent the last five days still caught in the thrall of an event that may be hard to recall for people mesmerized by the FTX.com collapse: Nov. 10’s inflation report, which ignited a short squeeze among traders expecting a worse number. Reverberations continued to be felt in terms of positioning, trading in derivatives and probably also in wrongly prepared portfolios.As usual in 2022, the biggest venue of impact was the US stock options market, where trading volumes are smashing records as investors of all stripes rush into short-dated contracts to catch up. It’s creating snags for what had been billed as the great inflation trade, with the mighty dollar losing luster and technology shares reclaiming their long-lost leadership, at least briefly.The recalibration was prompted when a soft print on consumer prices triggered a reset of the perceived path for Federal Reserve monetary policy. Exacerbating it are money managers who had cut equity exposure to the bone during the bear market and found themselves caught out. With almost everyone sitting on the same side of the trade and exiting at once, an already-turbulent market got weirder.“Crypto is just part of a broader mosaic of an almost dysfunctional market,” Doug Fincher, hedge fund manager of Ionic Capital Management, said by phone. “Not to be cynical, but look at CPI last Thursday. It was two basis points better than expected, and the market exploded. There’s a massive amount of technical factor rotation. There’s just a lot of crosscurrents in a really volatile, strange market.”The trend abated some during the week, with the S&P 500 closing lower over the period. Short-term Treasury yields regained some ground and the dollar edged higher as Fed officials reiterated their intention to keep raising rates.Still, whether inflation has peaked is up for debate. There won’t be another reading for more than three weeks, and investors and policy makers alike have misjudged price trends since the pandemic hit. With data mostly coming in ahead of expectations this year, everyone from currency traders to bond investors were bracing for another big inflation number last week.When it didn’t pan out, a cascade of unwinding ensued. The dollar, darling asset of the inflation trade, is losing momentum. Down more than 4% in November, the US currency is poised for its worst month in two years. Two-year Treasuries, where large speculators built up record short positions before the CPI report, saw a rally that pushed yields down 25 basis points when it was released, the most in more than a decade.Tech stocks, among the biggest casualties during the Fed’s aggressive inflation-fighting campaign, got a respite. Up more than 9% since the day before the CPI data, the industry has beaten all other major groups in the S&P 500, in a partial reversal of dismal returns earlier this year.“These things are certainly bound to happen at around key critical junctures in economic and monetary policy, which is where we’re at -- the Fed shifting from raising rates toward more of a deceleration in terms of hikes,” said Layla Royer, a senior equity derivatives salesperson at Citadel Securities. “It is a significant shift.”A basket of the most-shorted stocks soared 18% over the four days through Tuesday, dealing a fresh blow to hedge funds who boosted bearish wagers during a 10-month rout and turning them into forced buyers. Their total short covering over the stretch hit levels not seen since the retail-driven squeeze in January 2021, data compiled by JPMorgan Chase & Co.’s prime broker show.For a third time this year, the S&P 500 mounted a recovery of more than 10%. Such counter-trend rallies have spurred demand for bullish call options from those who have been defensively positioned in the market. As a result, the index’s skew -- the relative cost of puts versus calls -- this month fell to the lowest level in more than a decade.“Market screams back up. You’re at risk of losing your job because you’re going to underperform everybody,” said Dennis Davitt, founder of Millbank Dartmoor Portsmouth LLC, an investment firm that specializes in volatility strategies. “So the remedy for that is just by turning some of your equities into cash and then buying upside calls as a stock replacement.”The Fed-induced market gyrations are encouraging investors to go all-in on options to place bullish and bearish bets alike. About 46 million contracts have changed hands each day in November, on course for the busiest month on record, data compiled by Bloomberg show.Helping drive the boom is the frenzy trading in derivatives maturing within 24 hours. Such contracts made up a whopping 44% of S&P 500 options volume in the past month, according to an estimate by Goldman Sachs Group Inc.For now, the fireworks following the CPI shock appeared to be dying down. The S&P 500 has moved less than 1% for six straight sessions on a closing basis, the longest stretch of calm since January.To Mike Bailey, director of research at FBB Capital Partners, the tranquility may not last. For one, the cross-asset rally has contributed to easing financial conditions that’s working against Fed Chair Jerome Powell’s goal to slow the economy.“We may get some buyer’s remorse over the next few weeks as investors fret over a potentially hot jobs number and any whiff of hawkishness from Powell and the Fed,” said Bailey. “Investors are coming up for air after a nice run since mid-October. The next question is, are we pricing in too much good news?”","news_type":1},"isVote":1,"tweetType":1,"viewCount":500,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9963310411,"gmtCreate":1668590458133,"gmtModify":1676538081121,"author":{"id":"3575962000596639","authorId":"3575962000596639","name":"windspring","avatar":"https://community-static.tradeup.com/news/9db5e6cf6f2c0772fd2a8ed3eec6b8f9","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575962000596639","idStr":"3575962000596639"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MSFT\">$Microsoft(MSFT)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/MSFT\">$Microsoft(MSFT)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$Microsoft(MSFT)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":5,"repostSize":0,"link":"https://ttm.financial/post/9963310411","isVote":1,"tweetType":1,"viewCount":662,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9984893793,"gmtCreate":1667590244712,"gmtModify":1676537941223,"author":{"id":"3575962000596639","authorId":"3575962000596639","name":"windspring","avatar":"https://community-static.tradeup.com/news/9db5e6cf6f2c0772fd2a8ed3eec6b8f9","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575962000596639","idStr":"3575962000596639"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9984893793","repostId":"1167309755","repostType":2,"repost":{"id":"1167309755","pubTimestamp":1665699849,"share":"https://ttm.financial/m/news/1167309755?lang=&edition=fundamental","pubTime":"2022-10-14 06:24","market":"us","language":"en","title":"Why Did the U.S. Stock Market Move Higher?","url":"https://stock-news.laohu8.com/highlight/detail?id=1167309755","media":"The Wall Street Journal","summary":"What's driving the market's move higher? It's a puzzle.A hot inflation report would normally push up","content":"<html><head></head><body><p>What&#39;s driving the market&#39;s move higher? It&#39;s a puzzle.</p><p>A hot inflation report would normally push up long-term interest rates and pull down stocks. That&#39;s exactly what happened this morning. But by midday stocks were powering higher, which continued into the afternoon.</p><p>Some ideas:</p><ul><li><b>Stocks have been down a lot recently; maybe it was too much.</b> The S&amp;P 500 fell six consecutive trading days through Wednesday. If the index fell again today, it would have logged its longest losing streak since February 2020, according to Dow Jones Market Data. CappThesis&#39; Frank Cappelleri notes that the market&#39;s six-day losing streak in July was the precursor to stocks&#39; big summer rally. Collectively, traders may have decided positioning against the markets had gone too far.</li><li><b>Enough bad news could be good news?</b> Interest rates are the Federal Reserve&#39;s tool for changing the course of the economy, but it&#39;s a crude tool. Inflation was high, but no one was expecting it to be low. If inflation causes the Fed to tighten monetary policy too much, it would correct course by loosening monetary policy again. That would, in theory, be good news for stocks. (Although these interventions aren&#39;t necessarily straightforward or easy to pull off, as the Bank of England&#39;s recent interventions in British markets show.)</li><li><b>Rent inflation may not be as bad as the CPI report showed.</b> Rents are factored into the CPI on a lagging basis, Edward Jones senior investment strategist Mona Mahajan pointed out. That means the trend for shelter inflation might actually look better than it did in today&#39;s report, since rent prices are moderating in real time. &#34;The trends for inflation are moving in the right direction. There&#39;s a bit of sentiment that we&#39;re perhaps at peak inflation,&#34; Ms. Mahajan said.</li></ul></body></html>","source":"wsj_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Did the U.S. Stock Market Move Higher?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Did the U.S. Stock Market Move Higher?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-14 06:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.wsj.com/livecoverage/stock-market-news-today-2022-10-13-cpi-report/card/some-reasons-why-stocks-are-higher-again-5UKdXNWEM7rsrCnqR39N?page=1><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>What's driving the market's move higher? It's a puzzle.A hot inflation report would normally push up long-term interest rates and pull down stocks. That's exactly what happened this morning. But by ...</p>\n\n<a href=\"https://www.wsj.com/livecoverage/stock-market-news-today-2022-10-13-cpi-report/card/some-reasons-why-stocks-are-higher-again-5UKdXNWEM7rsrCnqR39N?page=1\">Web 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.wsj.com/livecoverage/stock-market-news-today-2022-10-13-cpi-report/card/some-reasons-why-stocks-are-higher-again-5UKdXNWEM7rsrCnqR39N?page=1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167309755","content_text":"What's driving the market's move higher? It's a puzzle.A hot inflation report would normally push up long-term interest rates and pull down stocks. That's exactly what happened this morning. But by midday stocks were powering higher, which continued into the afternoon.Some ideas:Stocks have been down a lot recently; maybe it was too much. The S&P 500 fell six consecutive trading days through Wednesday. If the index fell again today, it would have logged its longest losing streak since February 2020, according to Dow Jones Market Data. CappThesis' Frank Cappelleri notes that the market's six-day losing streak in July was the precursor to stocks' big summer rally. Collectively, traders may have decided positioning against the markets had gone too far.Enough bad news could be good news? Interest rates are the Federal Reserve's tool for changing the course of the economy, but it's a crude tool. Inflation was high, but no one was expecting it to be low. If inflation causes the Fed to tighten monetary policy too much, it would correct course by loosening monetary policy again. That would, in theory, be good news for stocks. (Although these interventions aren't necessarily straightforward or easy to pull off, as the Bank of England's recent interventions in British markets show.)Rent inflation may not be as bad as the CPI report showed. Rents are factored into the CPI on a lagging basis, Edward Jones senior investment strategist Mona Mahajan pointed out. That means the trend for shelter inflation might actually look better than it did in today's report, since rent prices are moderating in real time. \"The trends for inflation are moving in the right direction. There's a bit of sentiment that we're perhaps at peak inflation,\" Ms. Mahajan said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":350,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9988841666,"gmtCreate":1666738836256,"gmtModify":1676537796577,"author":{"id":"3575962000596639","authorId":"3575962000596639","name":"windspring","avatar":"https://community-static.tradeup.com/news/9db5e6cf6f2c0772fd2a8ed3eec6b8f9","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575962000596639","idStr":"3575962000596639"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9988841666","repostId":"2273668493","repostType":2,"repost":{"id":"2273668493","pubTimestamp":1665075381,"share":"https://ttm.financial/m/news/2273668493?lang=&edition=fundamental","pubTime":"2022-10-07 00:56","market":"fut","language":"en","title":"Real Estate Fintechs Are in Trouble. But SoFi Stock Could Soar 60%.","url":"https://stock-news.laohu8.com/highlight/detail?id=2273668493","media":"InvestorPlace","summary":"Source: Wirestock Creators / Shutterstock.com\n\n\n\nOn Friday, Credit Suisse’s (NYSE:CS) bosses acciden","content":"<html><body><div>\n<figure>\n<div>\n<img height=\"432\" sizes=\"(max-width: 768px) 100vw, 768px\" src=\"https://investorplace.com/wp-content/uploads/2022/04/sofi_sofi1600-768x432.png\" srcset=\"https://investorplace.com/wp-content/uploads/2022/04/sofi_sofi1600-768x432.png 768w, https://investorplace.com/wp-content/uploads/2022/04/sofi_sofi1600-300x169.png 300w, https://investorplace.com/wp-content/uploads/2022/04/sofi_sofi1600-1024x576.png 1024w, https://investorplace.com/wp-content/uploads/2022/04/sofi_sofi1600-1536x864.png 1536w, https://investorplace.com/wp-content/uploads/2022/04/sofi_sofi1600-200x113.png 200w, https://investorplace.com/wp-content/uploads/2022/04/sofi_sofi1600-400x225.png 400w, https://investorplace.com/wp-content/uploads/2022/04/sofi_sofi1600-116x65.png 116w, https://investorplace.com/wp-content/uploads/2022/04/sofi_sofi1600-100x56.png 100w, https://investorplace.com/wp-content/uploads/2022/04/sofi_sofi1600-89x50.png 89w, https://investorplace.com/wp-content/uploads/2022/04/sofi_sofi1600-78x44.png 78w, https://investorplace.com/wp-content/uploads/2022/04/sofi_sofi1600.png 1600w\" width=\"768\"/> </div>\n<figcaption>\n<p>Source: Wirestock Creators / Shutterstock.com</p>\n</figcaption>\n</figure>\n<div>\n<p>On Friday, <strong>Credit Suisse’s</strong> (NYSE:<strong>CS</strong>) bosses accidentally triggered a panic after attempting to reassure staff and customers in an email. Rather than calm nerves, the memo created hysteria over the Swiss bank’s liquidity. Shares would plummet 12% when markets opened on Monday and credit spreads would widen from 140 basis points to over 500.</p>\n<p>As the writers of Disney’s 1964 film <em>Mary Poppins</em> all knew, an eight-year-old screaming “give me back my money” is often enough to trigger a bank run.</p>\n<p>Yet look deeper, and investors will quickly find that Credit Suisse is not the next Lehman. The Zurich-based bank has been in retreat for over a decade; its balance sheet today is a quarter smaller than it was in 2011 and leverage is 45% lower. The firm’s C-suite has also been a revolving door; over half of the company’s board has been at the bank for less than three years.</p>\n<p>These are signs of a mismanaged bank, not an insolvent one. The Swiss bank is more likely to slog along like a <strong>Citigroup</strong> (NYSE:<strong>C</strong>) or<strong> Standard Chartered</strong> than to implode like Lehman Brothers. <em>Mary Poppins’</em> Mr. Banks can keep his job for now.</p>\n<div hidden=\"\">\n<div>\n<div></div>\n<div></div>\n</div>\n</div>\n<h2>The Hidden Leverage in the U.S. Housing Market</h2>\n<p>But rising rates and weakening asset prices have sent investors scrambling to protect themselves from the next Lehman anyway. Insurance companies, brokerages and diversified financials have all seen their share prices sink in recent weeks. Since September, major mortgage REITs from <strong><a href=\"https://laohu8.com/S/NLY\">Annaly Capital Management</a></strong> (NYSE:<strong>NLY</strong>) to <strong>AGNC Investment</strong> (NASDAQ:<strong>AGNC</strong>) have seen their stocks drop a quarter or more. Shanghai-based <strong>Lufax Holdings</strong> (NYSE:<strong>LU</strong>) – once a $30 billion personal finance platform – now trades as a penny stock. These are all weak links in an industry prone to over-leveraging.</p>\n<p><em>The biggest issue, however, is likely lurking in the non-bank system, particularly in fintech firms dealing in U.S. real estate</em>.</p>\n<p>These young tech startups have proliferated in the U.S. thanks to lax regulation around non-bank firms. Online mortgage lender <strong>Rocket Mortgage</strong> (NYSE:<strong>RKT</strong>) is now America’s largest originator for home mortgages; former competitor <strong>Wells Fargo</strong> (NYSE:<strong>WFC</strong>) dropped out of the race after high capital requirements proved too onerous. And by 2020, <strong><a href=\"https://laohu8.com/S/WE\">WeWork</a></strong> (NYSE:<strong>WE</strong>) was the largest office tenant in New York City, Chicago and London, as the company makes clear. The firm essentially operates as a “bank” for real estate, taking on long-term leases from buildings and dividing them into shorter-term contracts for customers… all without registering as an actual financial institution. Meanwhile, NYC’s largest <em>rental</em> landlord, asset management group <strong>Blackstone</strong> (NYSE:<span><strong><u>BX</u></strong></span>), is an SEC-registered investment advisor. The most recent data by Statista Research now counts 10,605 fintechs in the Americas, up from 5,779 in 2019</p>\n<p>The growth, however, has come at a cost.</p>\n<p>Rocket Mortgage now has a debt-to-equity ratio of 26.6X thanks to its practice of holding onto contracts for the mortgage servicing rights (MSRs). It’s a strategy that earns extra income in good times, but also exposes the holder to mortgage delinquencies and valuation risks. Rocket’s equity base would theoretically go to zero if the value of its mortgage assets declined by more than 3.8% today.</p>\n<div>\n<img height=\"720\" loading=\"lazy\" src=\"https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif\" width=\"1280\"/><noscript><img height=\"720\" loading=\"lazy\" src=\"https://investorplace.com/wp-content/uploads/2022/10/2022-10-04-housing-stocks-rkt.png\" width=\"1280\"/></noscript>\n<div>Source: Chart by InvestorPlace</div>\n</div>\n<p>Meanwhile traditional real estate financing companies like mortgage REIT Annaly Capital hold far less leverage. Debt-to-equity ratios typically hover closer to 6X, meaning it would take a 17% decline in asset value to wipe out the equity base.</p>\n<div hidden=\"\">\n<div>\n<div></div>\n<div></div>\n</div>\n</div>\n<p> <span lang=\"EN-US\" xml:lang=\"EN-US\"><span>The next Lehman Brothers is somewhere right under our nose</span></span></p>\n<h2>When Credit Is Due</h2>\n<p>Credit investors have begun to worry about the leverage. Prices of 10-year RKT bonds now trade for 60 cents on the dollar, down from par last year. And a host of other fintech real estate companies, from <strong>Opendoor Technologies</strong> (NASDAQ:<strong>OPEN</strong>) to <strong>Offerpad</strong> (NYSE:<strong>OPAD</strong>) trade at fractions of their former values. Much of this hidden leverage is finally coming to light.</p>\n<p>“Opendoor’s iBuyer model is a canary in the economic coal mine,” notes Chris Stoke-Walker for <em>Wired Magazine</em>. “Like the housing market on steroids, iBuyers more keenly feel small shifts in house prices, both up and down, as they try to squeeze profits out of tiny margins.”</p>\n<p><strong>That’s because the real estate market is slowing</strong>.</p>\n<p>Data from real estate analytics firm <a href=\"https://laohu8.com/S/CLGX\">CoreLogic</a> showed that home prices fell 0.7% between July and August. They predict a sharp slowdown in home price increases through 2023.</p>\n<p>In certain markets, the picture has gotten even worse. Prices in Long Island’s Suffolk County saw a 2.7% decrease in September – a product of fast-rising mortgage rates. And in Toronto, a market in which many U.S. financial firms still have a stake, prices fell an astonishing 17% since March.</p>\n<p>The news is particularly worrying because many fintechs have little experience navigating stagnant housing markets, let alone falling ones. Opendoor’s top executive team hails from quantitative trading and data analysis; none have experience in real estate investing. In mid-September, Bloomberg reported that the iBuying company may have lost money on 42% of its resales. In the Phoenix market, the share may have been 76%.</p>\n<h2>Could Fintechs Crash the Housing Market?</h2>\n<p>This isn’t the first time that forced sellers have created a negative feedback loop. A rising Federal funds rate in the mid-2000s slowed the pace of homebuying, eventually triggering a collapse in home values and the mortgage-backed securities they represented. More recently, high cryptocurrency leverage has caused even some of the most prominent coins to go to zero.</p>\n<p>Older firms like <strong><a href=\"https://laohu8.com/S/Z\">Zillow</a></strong> (NASDAQ:<strong>ZG</strong>) and <strong>Redfin</strong> (NASDAQ:<strong>RDFN</strong>) are already cutting their losses in real estate investing; in November, Zillow offloaded $2.8 billion of its housing assets to institutional investors at an estimated $460 million loss. But these massive losses are only the tip of the iceberg. Of the five most-indebted U.S. financial firms, four are non-bank mortgage services – <strong>UWM Holding</strong> (NYSE:<strong>UWMC</strong>), <a href=\"https://laohu8.com/S/RKT\">Rocket Companies</a>, <strong>Ocwen Financial</strong> (NYSE:<span><strong><u>OCN</u></strong></span>) and <strong>LoanDepot</strong> (NYSE:<strong>LDI</strong>). Together, their $80 billion in assets is backed by less than $2 billion of equity.</p>\n<p>Other fintech stocks are also showing signs of strain. Opendoor’s 2026 convertible bonds now trade at 56 cents on the dollar, down from 85 cents earlier this year. The firm receives a “1/100” score in Thomson Reuter’s combined credit risk model, implying a credit rating of CCC-. Offerpad is even further behind. As mortgage rates continue to rise, investors could see anywhere from a 5%-20% decline in home prices in 2023, a factor that will get magnified by high financial leverage.</p>\n<div>\n<img height=\"378\" loading=\"lazy\" src=\"https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif\" width=\"1435\"/><noscript><img height=\"378\" loading=\"lazy\" src=\"https://investorplace.com/wp-content/uploads/2022/10/2022-10-05-open-model-implied-rating.png\" width=\"1435\"/></noscript>\n<div>Source: Chart by InvestorPlace</div>\n</div>\n<p>None of this points to a clear weak link in the real estate fintech industry. Rising mortgage rates reduce the prepayment risk of MSRs, which increases their value. And a tight housing market creates a buffer for home prices. Zillow was able to offload an outsized portfolio with little trouble (even though it was at a significant loss).</p>\n<p>But modern accounting rules are inadequate for instruments like MSRs and other securities backed by non-homogenous assets. MSRs are considered “level 3” assets by the U.S. Federal Reserve, since the inputs for valuing these assets are unobservable, making them prone to gross misvaluations.</p>\n<p>“Each portfolio is typically associated with mortgages that differ by loan size, interest rates, servicing fees, maturity, credit quality, and the entity, if any, that provides a credit guarantee on the underlying loan, among other characteristics,” warned the U.S. Federal Reserve in a 2016 memo to Congress. “Accordingly, a firm generally will not be able to value its MSAs based on comparable sales alone.”</p>\n<p>With non-bank firms now holding onto vast swaths of these assets, it’s these issues – not Credit Suisse’s stumbles – that should truly scare investors.</p>\n<div hidden=\"\">\n<div>\n<div></div>\n<div></div>\n</div>\n</div>\n<h2>The Fintech Stocks Investors Should Buy Instead</h2>\n<p>Rising rates will create a host of winners in 2023. Companies like <strong>Charles Schwab</strong> (NYSE:<strong>SCHW</strong>) and <strong>SoFi</strong> (NASDAQ:<strong>SOFI</strong>) will see a surprise boost to their bottom line, since rising rates increases the net interest income these bank-like firms. For every 1% that rates rise, Schwab’s net interest revenue goes up 6.2%, according to company estimates. And analysts are now predicting SoFi’s net interest income to jump from $252 million last year to $703 million in 2023.</p>\n<p>These are the fintechs that investors should buy for an eventual turnaround. SoFi’s price target sits at $8.50, a stunning 60% upside from current levels, while the more conservative Schwab offers 17% upside.</p>\n<p>Meanwhile, non-bank fintechs will remain a sector to avoid at all costs. As housing prices decelerate… and even reverse… the fair value of MSRs and leveraged real estate holdings will fall off a cliff. Investors beware: The next Lehman Brothers is somewhere right under our nose.</p>\n<p><em>Tom Yeung is a market analyst and portfolio manager of the Omnia Portfolio, the highest-tier subscription at InvestorPlace. He is the former editor of Tom Yeung’s Profit &amp; Protection, a free e-letter about investing to profit in good times and protecting gains during the bad.</em></p>\n<div hidden=\"\">\n<div>\n<div></div>\n<div></div>\n</div>\n</div>\n</div>\n<div>\n<div hidden=\"true\">\n<div>\n<svg fill=\"none\" height=\"32\" viewbox=\"0 0 261 32\" width=\"261\" xmlns=\"http://www.w3.org/2000/svg\">\n<path d=\"M38.8652 7.49652H42.2492V25.7517H38.8652V7.49652ZM60.0112 7.49652H63.3142V25.7517H60.0921L50.9278 13.1733V25.7517H47.6248V7.49652H50.8469L60.0112 20.0749V7.49652ZM66.5201 7.49652H70.2279L75.4578 21.8955L80.7685 7.49652H84.3144L77.1417 25.7517H73.5957L66.5201 7.49652ZM87.4232 7.49652H100.457V10.5418H90.8072V15.0601H99.5019V18.1054H90.8072V22.7064H100.781V25.7517H87.4232V7.49652ZM113.637 10.8563C112.666 10.5253 111.872 10.3598 111.063 10.3598C110.253 10.3598 109.622 10.5253 109.136 10.8563C108.65 11.1873 108.407 11.601 108.407 12.1803C108.407 12.6768 108.569 13.0906 108.893 13.4216C109.217 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d=\"M24.6005 2.81684C24.8919 3.04348 25.0376 3.22156 24.9243 3.22156C24.7139 3.23775 23.4835 2.33119 23.613 2.25024H23.6454C23.8721 2.29881 24.3091 2.5902 24.6005 2.81684Z\" fill=\"#00A000\"></path>\n<path d=\"M9.69156 1.31126C9.57824 1.37602 9.23828 1.55409 9.18971 1.52171C9.17352 1.42458 9.9182 1.06843 10.0801 1.05225C10.0963 1.10081 9.75631 1.27889 9.69156 1.31126Z\" fill=\"#00A000\"></path>\n</svg>\n<img src=\"https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif\"/>\n</div>\n<div>\n<label>\n<span></span>\n</label>\n<h3></h3>\n<div></div>\n<div>\n<form method=\"post\">\n<input type=\"hidden\" value=\"\"/>\n<input type=\"hidden\" value=\"\"/>\n<input type=\"hidden\" value=\"\"/>\n<input type=\"hidden\" value=\"free\"/>\n<input placeholder=\"Email Address\" required=\"\" type=\"email\" value=\"\"/>\n<button>Submit</button>\n</form>\n</div>\n</div>\n</div>\n</div>\n<div>\n<hr/>\n<p>Article printed from InvestorPlace Media, https://investorplace.com/2022/10/real-estate-fintechs-are-in-trouble-but-sofi-stock-could-soar-60/.</p>\n<p>©2022 InvestorPlace Media, LLC</p>\n</div>\n<div>\n<div>\n<h2>Sponsored Headlines</h2>\n</div>\n<div>\n<ins></ins>\n</div>\n</div>\n<div>\n</div>\n<div>\n<div>\n<h2>\n\t\t\t\t\tMore from InvestorPlace\t\t\t\t</h2>\n</div>\n<div>\n<div>\n<div>\n<figure>\n<img src=\"https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif\"/>\n</figure>\n</div>\n<div>\n<p>\n\n\t\t\t\t\t\t\t\t\tMarket Analysis\t\t\t\t\t\t\t\t\n</p>\n<h3>\n\n\t\t\t\t\t\t\t\tBig Tech Are Falling Knives\t\t\t\t\t\t\t\n</h3>\n<div>\n<span hidden=\"\"></span>\n\t\t\t\t\t\t\tBy Luke Lango\n<span>\n\t\t\t\t\t\t\t\tOct 6, 2022\t\t\t\t\t\t\t</span>\n</div>\n</div>\n</div>\n</div>\n<div>\n<div>\n<div>\n<figure>\n<img src=\"https://investorplace.com/wp-content/plugins/lazy-load/images/1x1.trans.gif\"/>\n</figure>\n</div>\n<div>\n<p>\n\n\t\t\t\t\t\t\t\t\tMarket 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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>Real Estate Fintechs Are in Trouble. But SoFi Stock Could Soar 60%.</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\">\nReal Estate Fintechs Are in Trouble. But SoFi Stock Could Soar 60%.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-07 00:56 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://investorplace.com/2022/10/real-estate-fintechs-are-in-trouble-but-sofi-stock-could-soar-60/><strong>InvestorPlace</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Source: Wirestock Creators / Shutterstock.com\n\n\n\nOn Friday, Credit Suisse’s (NYSE:CS) bosses accidentally triggered a panic after attempting to reassure staff and customers in an email. Rather than ...</p>\n\n<a href=\"https://investorplace.com/2022/10/real-estate-fintechs-are-in-trouble-but-sofi-stock-could-soar-60/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4534":"瑞士信贷持仓","PSQ":"纳指反向ETF","SCHW":"嘉信理财","LDI":"loanDepot, Inc.","BK4566":"资本集团","OPEN":"Opendoor Technologies Inc","LU":"陆金所","BK4535":"淡马锡持仓","BK4195":"互助储蓄与抵押信贷金融服务","QQQ":"纳指100ETF","BK4559":"巴菲特持仓","BK4501":"段永平概念","BK4166":"消费信贷",".IXIC":"NASDAQ Composite","BK4526":"热门中概股","BK4552":"Archegos爆仓风波概念","SOFI":"SoFi Technologies Inc.","BK4118":"综合性资本市场","ZG":"Zillow Class A","RKT":"Rocket Companies","BK4551":"寇图资本持仓","BK4207":"综合性银行","BK4561":"索罗斯持仓","NLY":"Annaly Capital Management","BK4547":"WSB热门概念","QID":"纳指两倍做空ETF","BK4079":"房地产服务","BK4504":"桥水持仓","Z":"Zillow","BK4135":"资产管理与托管银行","BK4110":"抵押房地产投资信托","BK4549":"软银资本持仓","AGNC":"美国资本代理公司","UWMC":"UWM Holdings Corporation","C":"花旗","SQQQ":"纳指三倍做空ETF","BK4548":"巴美列捷福持仓","BK4127":"投资银行业与经纪业","BK4562":"SPAC上市公司","BX":"黑石","RDFN":"Redfin Corp","TQQQ":"纳指三倍做多ETF","OPAD":"Offerpad Solutions","WFC":"富国银行","QLD":"纳指两倍做多ETF"},"source_url":"https://investorplace.com/2022/10/real-estate-fintechs-are-in-trouble-but-sofi-stock-could-soar-60/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2273668493","content_text":"Source: Wirestock Creators / Shutterstock.com\n\n\n\nOn Friday, Credit Suisse’s (NYSE:CS) bosses accidentally triggered a panic after attempting to reassure staff and customers in an email. Rather than calm nerves, the memo created hysteria over the Swiss bank’s liquidity. Shares would plummet 12% when markets opened on Monday and credit spreads would widen from 140 basis points to over 500.\nAs the writers of Disney’s 1964 film Mary Poppins all knew, an eight-year-old screaming “give me back my money” is often enough to trigger a bank run.\nYet look deeper, and investors will quickly find that Credit Suisse is not the next Lehman. The Zurich-based bank has been in retreat for over a decade; its balance sheet today is a quarter smaller than it was in 2011 and leverage is 45% lower. The firm’s C-suite has also been a revolving door; over half of the company’s board has been at the bank for less than three years.\nThese are signs of a mismanaged bank, not an insolvent one. The Swiss bank is more likely to slog along like a Citigroup (NYSE:C) or Standard Chartered than to implode like Lehman Brothers. Mary Poppins’ Mr. Banks can keep his job for now.\n\n\n\n\n\n\nThe Hidden Leverage in the U.S. Housing Market\nBut rising rates and weakening asset prices have sent investors scrambling to protect themselves from the next Lehman anyway. Insurance companies, brokerages and diversified financials have all seen their share prices sink in recent weeks. Since September, major mortgage REITs from Annaly Capital Management (NYSE:NLY) to AGNC Investment (NASDAQ:AGNC) have seen their stocks drop a quarter or more. Shanghai-based Lufax Holdings (NYSE:LU) – once a $30 billion personal finance platform – now trades as a penny stock. These are all weak links in an industry prone to over-leveraging.\nThe biggest issue, however, is likely lurking in the non-bank system, particularly in fintech firms dealing in U.S. real estate.\nThese young tech startups have proliferated in the U.S. thanks to lax regulation around non-bank firms. Online mortgage lender Rocket Mortgage (NYSE:RKT) is now America’s largest originator for home mortgages; former competitor Wells Fargo (NYSE:WFC) dropped out of the race after high capital requirements proved too onerous. And by 2020, WeWork (NYSE:WE) was the largest office tenant in New York City, Chicago and London, as the company makes clear. The firm essentially operates as a “bank” for real estate, taking on long-term leases from buildings and dividing them into shorter-term contracts for customers… all without registering as an actual financial institution. Meanwhile, NYC’s largest rental landlord, asset management group Blackstone (NYSE:BX), is an SEC-registered investment advisor. The most recent data by Statista Research now counts 10,605 fintechs in the Americas, up from 5,779 in 2019\nThe growth, however, has come at a cost.\nRocket Mortgage now has a debt-to-equity ratio of 26.6X thanks to its practice of holding onto contracts for the mortgage servicing rights (MSRs). It’s a strategy that earns extra income in good times, but also exposes the holder to mortgage delinquencies and valuation risks. Rocket’s equity base would theoretically go to zero if the value of its mortgage assets declined by more than 3.8% today.\n\n\nSource: Chart by InvestorPlace\n\nMeanwhile traditional real estate financing companies like mortgage REIT Annaly Capital hold far less leverage. Debt-to-equity ratios typically hover closer to 6X, meaning it would take a 17% decline in asset value to wipe out the equity base.\n\n\n\n\n\n\n The next Lehman Brothers is somewhere right under our nose\nWhen Credit Is Due\nCredit investors have begun to worry about the leverage. Prices of 10-year RKT bonds now trade for 60 cents on the dollar, down from par last year. And a host of other fintech real estate companies, from Opendoor Technologies (NASDAQ:OPEN) to Offerpad (NYSE:OPAD) trade at fractions of their former values. Much of this hidden leverage is finally coming to light.\n“Opendoor’s iBuyer model is a canary in the economic coal mine,” notes Chris Stoke-Walker for Wired Magazine. “Like the housing market on steroids, iBuyers more keenly feel small shifts in house prices, both up and down, as they try to squeeze profits out of tiny margins.”\nThat’s because the real estate market is slowing.\nData from real estate analytics firm CoreLogic showed that home prices fell 0.7% between July and August. They predict a sharp slowdown in home price increases through 2023.\nIn certain markets, the picture has gotten even worse. Prices in Long Island’s Suffolk County saw a 2.7% decrease in September – a product of fast-rising mortgage rates. And in Toronto, a market in which many U.S. financial firms still have a stake, prices fell an astonishing 17% since March.\nThe news is particularly worrying because many fintechs have little experience navigating stagnant housing markets, let alone falling ones. Opendoor’s top executive team hails from quantitative trading and data analysis; none have experience in real estate investing. In mid-September, Bloomberg reported that the iBuying company may have lost money on 42% of its resales. In the Phoenix market, the share may have been 76%.\nCould Fintechs Crash the Housing Market?\nThis isn’t the first time that forced sellers have created a negative feedback loop. A rising Federal funds rate in the mid-2000s slowed the pace of homebuying, eventually triggering a collapse in home values and the mortgage-backed securities they represented. More recently, high cryptocurrency leverage has caused even some of the most prominent coins to go to zero.\nOlder firms like Zillow (NASDAQ:ZG) and Redfin (NASDAQ:RDFN) are already cutting their losses in real estate investing; in November, Zillow offloaded $2.8 billion of its housing assets to institutional investors at an estimated $460 million loss. But these massive losses are only the tip of the iceberg. Of the five most-indebted U.S. financial firms, four are non-bank mortgage services – UWM Holding (NYSE:UWMC), Rocket Companies, Ocwen Financial (NYSE:OCN) and LoanDepot (NYSE:LDI). Together, their $80 billion in assets is backed by less than $2 billion of equity.\nOther fintech stocks are also showing signs of strain. Opendoor’s 2026 convertible bonds now trade at 56 cents on the dollar, down from 85 cents earlier this year. The firm receives a “1/100” score in Thomson Reuter’s combined credit risk model, implying a credit rating of CCC-. Offerpad is even further behind. As mortgage rates continue to rise, investors could see anywhere from a 5%-20% decline in home prices in 2023, a factor that will get magnified by high financial leverage.\n\n\nSource: Chart by InvestorPlace\n\nNone of this points to a clear weak link in the real estate fintech industry. Rising mortgage rates reduce the prepayment risk of MSRs, which increases their value. And a tight housing market creates a buffer for home prices. Zillow was able to offload an outsized portfolio with little trouble (even though it was at a significant loss).\nBut modern accounting rules are inadequate for instruments like MSRs and other securities backed by non-homogenous assets. MSRs are considered “level 3” assets by the U.S. Federal Reserve, since the inputs for valuing these assets are unobservable, making them prone to gross misvaluations.\n“Each portfolio is typically associated with mortgages that differ by loan size, interest rates, servicing fees, maturity, credit quality, and the entity, if any, that provides a credit guarantee on the underlying loan, among other characteristics,” warned the U.S. Federal Reserve in a 2016 memo to Congress. “Accordingly, a firm generally will not be able to value its MSAs based on comparable sales alone.”\nWith non-bank firms now holding onto vast swaths of these assets, it’s these issues – not Credit Suisse’s stumbles – that should truly scare investors.\n\n\n\n\n\n\nThe Fintech Stocks Investors Should Buy Instead\nRising rates will create a host of winners in 2023. Companies like Charles Schwab (NYSE:SCHW) and SoFi (NASDAQ:SOFI) will see a surprise boost to their bottom line, since rising rates increases the net interest income these bank-like firms. For every 1% that rates rise, Schwab’s net interest revenue goes up 6.2%, according to company estimates. And analysts are now predicting SoFi’s net interest income to jump from $252 million last year to $703 million in 2023.\nThese are the fintechs that investors should buy for an eventual turnaround. SoFi’s price target sits at $8.50, a stunning 60% upside from current levels, while the more conservative Schwab offers 17% upside.\nMeanwhile, non-bank fintechs will remain a sector to avoid at all costs. As housing prices decelerate… and even reverse… the fair value of MSRs and leveraged real estate holdings will fall off a cliff. Investors beware: The next Lehman Brothers is somewhere right under our nose.\nTom Yeung is a market analyst and portfolio manager of the Omnia Portfolio, the highest-tier subscription at InvestorPlace. He is the former editor of Tom Yeung’s Profit & Protection, a free e-letter about investing to profit in good times and protecting gains during the bad.\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\nSubmit\n\n\n\n\n\n\n\nArticle printed from InvestorPlace Media, https://investorplace.com/2022/10/real-estate-fintechs-are-in-trouble-but-sofi-stock-could-soar-60/.\n©2022 InvestorPlace Media, LLC\n\n\n\nSponsored Headlines\n\n\n\n\n\n\n\n\n\n\n\t\t\t\t\tMore from InvestorPlace\t\t\t\t\n\n\n\n\n\n\n\n\n\n\n\n\t\t\t\t\t\t\t\t\tMarket Analysis\t\t\t\t\t\t\t\t\n\n\n\n\t\t\t\t\t\t\t\tBig Tech Are Falling Knives\t\t\t\t\t\t\t\n\n\n\n\t\t\t\t\t\t\tBy Luke Lango\n\n\t\t\t\t\t\t\t\tOct 6, 2022\t\t\t\t\t\t\t\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\t\t\t\t\t\t\t\tMarket Analysis\t\t\t\t\t\t\t\t\n\n\n\n\t\t\t\t\t\t\t\tHow to Approach the Fourth Quarter after Its Strong Start\t\t\t\t\t\t\t\n\n\n\n\t\t\t\t\t\t\tBy Dave Gilbert\n\n\t\t\t\t\t\t\t\tOct 4, 2022\t\t\t\t\t\t\t\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\t\t\t\t\t\t\t\t\tMarket Analysis\t\t\t\t\t\t\t\t\n\n\n\n\t\t\t\t\t\t\t\tDissecting Tesla’s Recent Miss – Don’t Sell Just Yet\t\t\t\t\t\t\t\n\n\n\n\t\t\t\t\t\t\tBy Louis Navellier\n\n\t\t\t\t\t\t\t\tOct 6, 2022","news_type":1},"isVote":1,"tweetType":1,"viewCount":371,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9933595619,"gmtCreate":1662319806532,"gmtModify":1676537034689,"author":{"id":"3575962000596639","authorId":"3575962000596639","name":"windspring","avatar":"https://community-static.tradeup.com/news/9db5e6cf6f2c0772fd2a8ed3eec6b8f9","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575962000596639","idStr":"3575962000596639"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":17,"repostSize":0,"link":"https://ttm.financial/post/9933595619","repostId":"1114052367","repostType":4,"repost":{"id":"1114052367","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":1662260377,"share":"https://ttm.financial/m/news/1114052367?lang=&edition=fundamental","pubTime":"2022-09-04 10:59","market":"us","language":"en","title":"Reminder: US Market Will be Closed for Labor Day on Monday, 5 September 2022 EDT","url":"https://stock-news.laohu8.com/highlight/detail?id=1114052367","media":"Tiger Newspress","summary":"Dear Valued Client,US Labor Day is around the corner. The U.S. market will be closed on Monday, 5 Se","content":"<html><head></head><body><p>Dear Valued Client,</p><p>US Labor Day is around the corner. The U.S. market will be closed on Monday, 5 September 2022 EDT. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.</p><p><img src=\"https://static.tigerbbs.com/617f2a63df7eacd3e0db4c21d33077ea\" tg-width=\"1080\" tg-height=\"1080\" referrerpolicy=\"no-referrer\"/></p><p>Happy investing!</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>Reminder: US Market Will be Closed for Labor Day on Monday, 5 September 2022 EDT</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\">\nReminder: US Market Will be Closed for Labor Day on Monday, 5 September 2022 EDT\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\">2022-09-04 10:59</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Dear Valued Client,</p><p>US Labor Day is around the corner. The U.S. market will be closed on Monday, 5 September 2022 EDT. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.</p><p><img src=\"https://static.tigerbbs.com/617f2a63df7eacd3e0db4c21d33077ea\" tg-width=\"1080\" tg-height=\"1080\" referrerpolicy=\"no-referrer\"/></p><p>Happy investing!</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114052367","content_text":"Dear Valued Client,US Labor Day is around the corner. The U.S. market will be closed on Monday, 5 September 2022 EDT. Please take note of the trading arrangements during the holiday period and make the necessary preparations in advance.Happy investing!","news_type":1},"isVote":1,"tweetType":1,"viewCount":951,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144598367,"gmtCreate":1626305099959,"gmtModify":1703757361574,"author":{"id":"3575962000596639","authorId":"3575962000596639","name":"windspring","avatar":"https://community-static.tradeup.com/news/9db5e6cf6f2c0772fd2a8ed3eec6b8f9","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575962000596639","idStr":"3575962000596639"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":6,"repostSize":0,"link":"https://ttm.financial/post/144598367","repostId":"1130412034","repostType":4,"repost":{"id":"1130412034","pubTimestamp":1626300333,"share":"https://ttm.financial/m/news/1130412034?lang=&edition=fundamental","pubTime":"2021-07-15 06:05","market":"us","language":"en","title":"Democrats’ $3.5 trillion budget package funds family programs, clean energy and Medicare expansion","url":"https://stock-news.laohu8.com/highlight/detail?id=1130412034","media":"cnbc","summary":"KEY POINTS\n\nSenate Democrats released the framework Wednesday for their $3.5 trillion budget resolut","content":"<div>\n<p>KEY POINTS\n\nSenate Democrats released the framework Wednesday for their $3.5 trillion budget resolution bill, which they hope to pass later this summer on a party-line vote.\nThe legislation is working...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/14/democrats-3point5-trillion-budget-package-funds-family-programs-clean-energy-medicare-expansion.html\">Web Link</a>\n\n</div>\n","source":"cnbc_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Democrats’ $3.5 trillion budget package funds family programs, clean energy and Medicare expansion</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\">\nDemocrats’ $3.5 trillion budget package funds family programs, clean energy and Medicare expansion\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-07-15 06:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/07/14/democrats-3point5-trillion-budget-package-funds-family-programs-clean-energy-medicare-expansion.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nSenate Democrats released the framework Wednesday for their $3.5 trillion budget resolution bill, which they hope to pass later this summer on a party-line vote.\nThe legislation is working...</p>\n\n<a href=\"https://www.cnbc.com/2021/07/14/democrats-3point5-trillion-budget-package-funds-family-programs-clean-energy-medicare-expansion.html\">Web 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","SPY":"标普500ETF",".SPX":"S&P 500 Index"},"source_url":"https://www.cnbc.com/2021/07/14/democrats-3point5-trillion-budget-package-funds-family-programs-clean-energy-medicare-expansion.html","is_english":true,"share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","article_id":"1130412034","content_text":"KEY POINTS\n\nSenate Democrats released the framework Wednesday for their $3.5 trillion budget resolution bill, which they hope to pass later this summer on a party-line vote.\nThe legislation is working its way through the Congress hand-in-hand with another bill, a $1.2 trillion bipartisan infrastructure proposal that is still being drafted.\n\nWASHINGTON — Senate Democrats released the framework Wednesday for their $3.5 trillion budget resolution bill, which they hope to pass later this summer on a party-line vote.\nThe bill will contain nearly all of President Joe Biden’s American Families Plan bill, plus the addition of expanded Medicare coverage for hearing, vision and dental care.\nHow long each of the programs would last is still up in the air, however, as is how much money will be dedicated to each of the dozens of programs in the bill.\nThese are among the thorny questions that Democrats plan to hash out internally later this summer and fall.\nFor now, here are the topline projects the budget bill would fund:\n\nCreate a national comprehensive paid family and medical leave program.\nFund free universal preschool for all 3- and 4-year-olds.\nFund free community college for all students, expand the total amount of Pell Grants, and increase the maximum individual award.\nExpand access to the summer EBT program, which helps some low-income families with children buy food outside the school year.\nExtend the $1.9 trillion Covid stimulus plan’s provision lowering health insurance premiums for those who buy coverage on their own.\nExtend the child tax credit expansion that was included in the Covid relief bill.\n\nThe bill also contains money for clean energy programs, many of which were cut from the bipartisan infrastructure deal during earlier negotiations with Republicans.\nThese include tax incentives for clean energy and electric vehicles, a Civilian Climate Corps program for young people and energy-efficient building weatherization and electrification projects.\nIn order to fund all the massive new investments, Democrats have announced plans to raise taxes on corporations and the wealthiest individuals. They also plan to fund enhanced enforcement by the IRS, in order to crack down on people who underpay or cheat on their taxes.\nAnother piece of the pay-for equation will be new methane reduction and polluter import fees, to raise revenue and accelerate emissions reductions.\nSenators reached an agreement on the topline number of $3.5 trillion on Tuesday night, but details about the contents of the bill were not released until Wednesday.\nNext steps\nThe next phase of the legislative process will be to fill in the budget framework with details, a process that takes place in the Senate Budget Committee.\nThe chairman of this committee is Sen. Bernie Sanders, I-Vt., who proposed his own $6 trillion budget resolution plan earlier this summer.\nBut Sanders’ $6 trillion plan was far too costly for centrist Democrats to support, and the current $3.5 trillion bill represents an effort to bridge these internal divisions.\nThe budget resolution also contains a key provision that Sanders has long championed but which was not included in Biden’s original American Families Plan: full Medicare coverage for vision, dental and hearing care.\n“This is, in our view, a pivotal moment in American history,” Sanders told reporters Tuesday.\nIf ultimately signed into law, the bill would mark the biggest expansion of the social safety net in decades, along with an unprecedented effort to curb climate change and prepare the country for its effects.\nIt was not clear Wednesday when the budget resolution bill will receive its first vote in the Senate.\nThe timing of the bill is complicated by the fact that it is working its way through Congress hand-in-hand with another bill, a $1.2 trillion bipartisan infrastructure proposal that is still being drafted.\nSenate Majority Leader Chuck Schumer, D-N.Y., wants to hold votes on both the budget resolution and the infrastructure bill before the Senate breaks for its planned August recess.\nOn Monday, Schumer told senators to be ready to remain in Washington for part of the upcoming recess in order to pass both measures.\nSchumer’s timeline for the next few weeks is very ambitious, especially considering that neither of the two massive bills Democrats intend to pass have actually been written yet.\nSeveral centrist Democrats have indicated that they want to pass the infrastructure bill before they cast a vote for the budget resolution bill.\nBut progressives, who strongly support the budget resolution, want the exact opposite: proof that their ambitious budget bill can pass before they agree to join centrist Democrats and Republicans in approving the watered-down infrastructure plan.\nDemocrats hold only a one-vote majority in the Senate, so both bills will need the support of every Democratic senator in order to pass.","news_type":1},"isVote":1,"tweetType":1,"viewCount":997,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":144591572,"gmtCreate":1626305081696,"gmtModify":1703757360538,"author":{"id":"3575962000596639","authorId":"3575962000596639","name":"windspring","avatar":"https://community-static.tradeup.com/news/9db5e6cf6f2c0772fd2a8ed3eec6b8f9","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575962000596639","idStr":"3575962000596639"},"themes":[],"htmlText":"Wow//<a href=\"https://laohu8.com/U/3578739466550787\">@Showcase</a>: Nice","listText":"Wow//<a href=\"https://laohu8.com/U/3578739466550787\">@Showcase</a>: Nice","text":"Wow//@Showcase: Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/144591572","repostId":"2150434370","repostType":4,"repost":{"id":"2150434370","weMediaInfo":{"introduction":"The leading daily newsletter for the latest financial and business news. 33Yrs Helping Stock Investors with Investing Insights, Tools, News & More.","home_visible":0,"media_name":"Investors","id":"1085713068","head_image":"https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c"},"pubTimestamp":1625843758,"share":"https://ttm.financial/m/news/2150434370?lang=&edition=fundamental","pubTime":"2021-07-09 23:15","market":"us","language":"en","title":"Nio Throws New Challenge At Tesla As Competition Heats Up","url":"https://stock-news.laohu8.com/highlight/detail?id=2150434370","media":"Investors","summary":"The Tesla of China plans 4,000 battery-swap stations for electric vehicles by 2025. Nio stock reversed lower.","content":"<p><b>Nio</b> plans a vast expansion of EV battery swapping stations as competition with <b>Tesla</b> heats up. Nio stock opened higher but reversed lower.</p>\n<p>The Chinese EV startup plans to add at least 3,700 battery-swap stations for electric vehicles by 2025 after building around 300 so far, it said at an inaugural Power Day event Friday. Around 1,000 of the total will be installed outside of China, Bloomberg said. Nio's expanding in Norway, where Tesla dominates.</p>\n<p>Nio sees battery swapping as a key differentiator. Tesla, the luxury EV leader in China that Nio's taking on, relies on fast-charging stations for EV recharging. Tesla ditched battery swap technology years ago.</p>\n<p>At the same time, Nio announced it will build more charging stations after selling around 120,000 EVs since deliveries first began in June 2018. Tesla has 850 Supercharger stations in China.</p>\n<p>At battery swap stations, Nio's customers can rapidly get their battery exchanged for a fresh <a href=\"https://laohu8.com/S/AONE\">one</a> rather than a long wait to recharge their electric vehicle. Last October, Nio announced its millionth battery swap.</p>\n<p>In June, Nio's EV sales in China rose 20% month over month while Tesla's June sales in the country fell month over month. And Nio more than doubled June sales year over year.</p>\n<p>EV sales at Nio are fueled by its popular and innovative \"battery as a service\" program, whereby customers buy the car and lease the battery for cost savings. But Tesla isn't sitting idle.</p>\n<p>On Thursday, Tesla debuted a version of its made-in-Shanghai Model Y that is cheaper after government subsidies than its direct competitor, Nio's ES6 SUV.</p>\n<h2>Nio Stock, EV Stocks</h2>\n<p>Shares of Nio fell 1.8% to 44.76 on the stock market today, after initially popping to 47.01 soon after the open. Nio stock tested its 200-day line on Thursday. Tesla lost a fraction.</p>\n<p>HSBC analyst Yuqian Ding upgraded Nio stock to buy with a 69 price target.</p>\n<p>Nio also will build more vehicles for its \"valet\" charging service, which has a mobile team of workers fetch and return customers' cars for recharging, the company said at Power Day. And it's taking its superchargers and swap stations to Norway, where it's expanding to further challenge Tesla.</p>\n<p>Meanwhile, Nio is considering a listing on Hong Kong's stock market, where U.S.-listed <b>Xpeng Motors</b> debuted earlier this week in a dual listing, local media said.</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>Nio Throws New Challenge At Tesla As Competition Heats Up</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\">\nNio Throws New Challenge At Tesla As Competition Heats Up\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Investors </p>\n<p class=\"h-time\">2021-07-09 23:15</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><b>Nio</b> plans a vast expansion of EV battery swapping stations as competition with <b>Tesla</b> heats up. Nio stock opened higher but reversed lower.</p>\n<p>The Chinese EV startup plans to add at least 3,700 battery-swap stations for electric vehicles by 2025 after building around 300 so far, it said at an inaugural Power Day event Friday. Around 1,000 of the total will be installed outside of China, Bloomberg said. Nio's expanding in Norway, where Tesla dominates.</p>\n<p>Nio sees battery swapping as a key differentiator. Tesla, the luxury EV leader in China that Nio's taking on, relies on fast-charging stations for EV recharging. Tesla ditched battery swap technology years ago.</p>\n<p>At the same time, Nio announced it will build more charging stations after selling around 120,000 EVs since deliveries first began in June 2018. Tesla has 850 Supercharger stations in China.</p>\n<p>At battery swap stations, Nio's customers can rapidly get their battery exchanged for a fresh <a href=\"https://laohu8.com/S/AONE\">one</a> rather than a long wait to recharge their electric vehicle. Last October, Nio announced its millionth battery swap.</p>\n<p>In June, Nio's EV sales in China rose 20% month over month while Tesla's June sales in the country fell month over month. And Nio more than doubled June sales year over year.</p>\n<p>EV sales at Nio are fueled by its popular and innovative \"battery as a service\" program, whereby customers buy the car and lease the battery for cost savings. But Tesla isn't sitting idle.</p>\n<p>On Thursday, Tesla debuted a version of its made-in-Shanghai Model Y that is cheaper after government subsidies than its direct competitor, Nio's ES6 SUV.</p>\n<h2>Nio Stock, EV Stocks</h2>\n<p>Shares of Nio fell 1.8% to 44.76 on the stock market today, after initially popping to 47.01 soon after the open. Nio stock tested its 200-day line on Thursday. Tesla lost a fraction.</p>\n<p>HSBC analyst Yuqian Ding upgraded Nio stock to buy with a 69 price target.</p>\n<p>Nio also will build more vehicles for its \"valet\" charging service, which has a mobile team of workers fetch and return customers' cars for recharging, the company said at Power Day. And it's taking its superchargers and swap stations to Norway, where it's expanding to further challenge Tesla.</p>\n<p>Meanwhile, Nio is considering a listing on Hong Kong's stock market, where U.S.-listed <b>Xpeng Motors</b> debuted earlier this week in a dual listing, local media said.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","NGD":"New Gold"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2150434370","content_text":"Nio plans a vast expansion of EV battery swapping stations as competition with Tesla heats up. Nio stock opened higher but reversed lower.\nThe Chinese EV startup plans to add at least 3,700 battery-swap stations for electric vehicles by 2025 after building around 300 so far, it said at an inaugural Power Day event Friday. Around 1,000 of the total will be installed outside of China, Bloomberg said. Nio's expanding in Norway, where Tesla dominates.\nNio sees battery swapping as a key differentiator. Tesla, the luxury EV leader in China that Nio's taking on, relies on fast-charging stations for EV recharging. Tesla ditched battery swap technology years ago.\nAt the same time, Nio announced it will build more charging stations after selling around 120,000 EVs since deliveries first began in June 2018. Tesla has 850 Supercharger stations in China.\nAt battery swap stations, Nio's customers can rapidly get their battery exchanged for a fresh one rather than a long wait to recharge their electric vehicle. Last October, Nio announced its millionth battery swap.\nIn June, Nio's EV sales in China rose 20% month over month while Tesla's June sales in the country fell month over month. And Nio more than doubled June sales year over year.\nEV sales at Nio are fueled by its popular and innovative \"battery as a service\" program, whereby customers buy the car and lease the battery for cost savings. But Tesla isn't sitting idle.\nOn Thursday, Tesla debuted a version of its made-in-Shanghai Model Y that is cheaper after government subsidies than its direct competitor, Nio's ES6 SUV.\nNio Stock, EV Stocks\nShares of Nio fell 1.8% to 44.76 on the stock market today, after initially popping to 47.01 soon after the open. Nio stock tested its 200-day line on Thursday. Tesla lost a fraction.\nHSBC analyst Yuqian Ding upgraded Nio stock to buy with a 69 price target.\nNio also will build more vehicles for its \"valet\" charging service, which has a mobile team of workers fetch and return customers' cars for recharging, the company said at Power Day. And it's taking its superchargers and swap stations to Norway, where it's expanding to further challenge Tesla.\nMeanwhile, Nio is considering a listing on Hong Kong's stock market, where U.S.-listed Xpeng Motors debuted earlier this week in a dual listing, local media said.","news_type":1},"isVote":1,"tweetType":1,"viewCount":601,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}