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Roxan
Roxan
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2021-07-25
I see
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Roxan
Roxan
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2021-07-13
I see
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Roxan
Roxan
·
2021-07-08
[Happy]
Circle to go public at a $4.5 billion valuation through merger with SPAC Concord Acquisition
MW Circle to go public at a $4.5 billion valuation through merger with SPAC Concord Acquisition Circ
Circle to go public at a $4.5 billion valuation through merger with SPAC Concord Acquisition
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Roxan
Roxan
·
2021-07-08
[Happy]
Circle to go public at a $4.5 billion valuation through merger with SPAC Concord Acquisition
MW Circle to go public at a $4.5 billion valuation through merger with SPAC Concord Acquisition Circ
Circle to go public at a $4.5 billion valuation through merger with SPAC Concord Acquisition
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Roxan
Roxan
·
2021-06-19
Tell me your opinion about this news...
Bank Stocks Were Fed Day Winners. Why They’re Getting Crushed.
Bank stocks rosewhen the Fed released its June monetary policy statement, one thatpointed to earlier
Bank Stocks Were Fed Day Winners. Why They’re Getting Crushed.
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Roxan
Roxan
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2021-06-19
[Happy]
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Roxan
Roxan
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2021-06-18
[Happy]
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Roxan
Roxan
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2021-06-11
I see
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Roxan
Roxan
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2021-06-11
[Happy] observe
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Roxan
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2021-06-11
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(CND), in a deal that values Circle at $4.5 billion. The deal is expected to result in gross proceeds of up to $691 million to the combined company. After the deal closes, which is expected to occur in the fourth quarter of 2021, the combined company is expected to list on the NYSE under the ticker symbol \"CRCL.\" Concord Acquisition's stock, which started trading on Jan. 28, rose 1.1% in premarket trading, while futures for the S&P 500 dropped 1.3%. Circle enables businesses to use the digital currencies and public blockchains for payments, commerce and financial applications, and says it is the principal operator of the digital currency, USD Coin.</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>Circle to go public at a $4.5 billion valuation through merger with SPAC Concord Acquisition</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\">\nCircle to go public at a $4.5 billion valuation through merger with SPAC Concord Acquisition\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-07-08 19:16</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>MW Circle to go public at a $4.5 billion valuation through merger with SPAC Concord Acquisition</p>\n<p>Circle is set to go public, after the provider of payments and treasury infrastructure to internet companies announced Thursday a merger agreement with special purpose acquisition company (SPAC) <a href=\"https://laohu8.com/S/CND\">Concord Acquisition Corp</a>. (CND), in a deal that values Circle at $4.5 billion. The deal is expected to result in gross proceeds of up to $691 million to the combined company. After the deal closes, which is expected to occur in the fourth quarter of 2021, the combined company is expected to list on the NYSE under the ticker symbol \"CRCL.\" Concord Acquisition's stock, which started trading on Jan. 28, rose 1.1% in premarket trading, while futures for the S&P 500 dropped 1.3%. Circle enables businesses to use the digital currencies and public blockchains for payments, commerce and financial applications, and says it is the principal operator of the digital currency, USD Coin.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CND":"Concord Acquisition Corp","CND.U":"Concord Acquisition Corp"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2149668344","content_text":"MW Circle to go public at a $4.5 billion valuation through merger with SPAC Concord Acquisition\nCircle is set to go public, after the provider of payments and treasury infrastructure to internet companies announced Thursday a merger agreement with special purpose acquisition company (SPAC) Concord Acquisition Corp. (CND), in a deal that values Circle at $4.5 billion. The deal is expected to result in gross proceeds of up to $691 million to the combined company. After the deal closes, which is expected to occur in the fourth quarter of 2021, the combined company is expected to list on the NYSE under the ticker symbol \"CRCL.\" Concord Acquisition's stock, which started trading on Jan. 28, rose 1.1% in premarket trading, while futures for the S&P 500 dropped 1.3%. Circle enables businesses to use the digital currencies and public blockchains for payments, commerce and financial applications, and says it is the principal operator of the digital currency, USD Coin.","news_type":1,"symbols_score_info":{"CND":0.9,"CND.U":0.9}},"isVote":1,"tweetType":1,"viewCount":2788,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149462787,"gmtCreate":1625744008949,"gmtModify":1703747583534,"author":{"id":"3581558625245952","authorId":"3581558625245952","name":"Roxan","avatar":"https://static.tigerbbs.com/54122b014f65b004b50a8e7cf86d9e11","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581558625245952","idStr":"3581558625245952"},"themes":[],"htmlText":"[Happy] ","listText":"[Happy] ","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/149462787","repostId":"2149668344","repostType":4,"repost":{"id":"2149668344","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1625742960,"share":"https://ttm.financial/m/news/2149668344?lang=en_US&edition=fundamental","pubTime":"2021-07-08 19:16","market":"us","language":"en","title":"Circle to go public at a $4.5 billion valuation through merger with SPAC Concord Acquisition","url":"https://stock-news.laohu8.com/highlight/detail?id=2149668344","media":"Dow Jones","summary":"MW Circle to go public at a $4.5 billion valuation through merger with SPAC Concord Acquisition\nCirc","content":"<p>MW Circle to go public at a $4.5 billion valuation through merger with SPAC Concord Acquisition</p>\n<p>Circle is set to go public, after the provider of payments and treasury infrastructure to internet companies announced Thursday a merger agreement with special purpose acquisition company (SPAC) <a href=\"https://laohu8.com/S/CND\">Concord Acquisition Corp</a>. (CND), in a deal that values Circle at $4.5 billion. The deal is expected to result in gross proceeds of up to $691 million to the combined company. After the deal closes, which is expected to occur in the fourth quarter of 2021, the combined company is expected to list on the NYSE under the ticker symbol \"CRCL.\" Concord Acquisition's stock, which started trading on Jan. 28, rose 1.1% in premarket trading, while futures for the S&P 500 dropped 1.3%. Circle enables businesses to use the digital currencies and public blockchains for payments, commerce and financial applications, and says it is the principal operator of the digital currency, USD Coin.</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>Circle to go public at a $4.5 billion valuation through merger with SPAC Concord Acquisition</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\">\nCircle to go public at a $4.5 billion valuation through merger with SPAC Concord Acquisition\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-07-08 19:16</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>MW Circle to go public at a $4.5 billion valuation through merger with SPAC Concord Acquisition</p>\n<p>Circle is set to go public, after the provider of payments and treasury infrastructure to internet companies announced Thursday a merger agreement with special purpose acquisition company (SPAC) <a href=\"https://laohu8.com/S/CND\">Concord Acquisition Corp</a>. (CND), in a deal that values Circle at $4.5 billion. The deal is expected to result in gross proceeds of up to $691 million to the combined company. After the deal closes, which is expected to occur in the fourth quarter of 2021, the combined company is expected to list on the NYSE under the ticker symbol \"CRCL.\" Concord Acquisition's stock, which started trading on Jan. 28, rose 1.1% in premarket trading, while futures for the S&P 500 dropped 1.3%. Circle enables businesses to use the digital currencies and public blockchains for payments, commerce and financial applications, and says it is the principal operator of the digital currency, USD Coin.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"CND":"Concord Acquisition Corp","CND.U":"Concord Acquisition Corp"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2149668344","content_text":"MW Circle to go public at a $4.5 billion valuation through merger with SPAC Concord Acquisition\nCircle is set to go public, after the provider of payments and treasury infrastructure to internet companies announced Thursday a merger agreement with special purpose acquisition company (SPAC) Concord Acquisition Corp. (CND), in a deal that values Circle at $4.5 billion. The deal is expected to result in gross proceeds of up to $691 million to the combined company. After the deal closes, which is expected to occur in the fourth quarter of 2021, the combined company is expected to list on the NYSE under the ticker symbol \"CRCL.\" Concord Acquisition's stock, which started trading on Jan. 28, rose 1.1% in premarket trading, while futures for the S&P 500 dropped 1.3%. Circle enables businesses to use the digital currencies and public blockchains for payments, commerce and financial applications, and says it is the principal operator of the digital currency, USD Coin.","news_type":1,"symbols_score_info":{"CND":0.9,"CND.U":0.9}},"isVote":1,"tweetType":1,"viewCount":1983,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165098936,"gmtCreate":1624079272525,"gmtModify":1703828433471,"author":{"id":"3581558625245952","authorId":"3581558625245952","name":"Roxan","avatar":"https://static.tigerbbs.com/54122b014f65b004b50a8e7cf86d9e11","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581558625245952","idStr":"3581558625245952"},"themes":[],"htmlText":"Tell me your opinion about this news...","listText":"Tell me your opinion about this news...","text":"Tell me your opinion about this news...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/165098936","repostId":"1119296361","repostType":4,"repost":{"id":"1119296361","kind":"news","pubTimestamp":1624028454,"share":"https://ttm.financial/m/news/1119296361?lang=en_US&edition=fundamental","pubTime":"2021-06-18 23:00","market":"us","language":"en","title":"Bank Stocks Were Fed Day Winners. Why They’re Getting Crushed.","url":"https://stock-news.laohu8.com/highlight/detail?id=1119296361","media":"Barrons","summary":"Bank stocks rosewhen the Fed released its June monetary policy statement, one thatpointed to earlier","content":"<p>Bank stocks rosewhen the Fed released its June monetary policy statement, one thatpointed to earlier than expected rate hikes. On Thursday, they were among the market’s biggest losers.</p>\n<p>There’s a good reason for that. Banks generally make money by borrowing money short and lending it out long—andmaking a profit off the spread. When longer-term rates rise faster than shorter-term ones, bank margins generally get better, while the profits deteriorate when the opposite happens.</p>\n<p>After Wednesday’s meeting, the 10-year yield got a big bounce—it rose 0.071% to 1.569%—while thetwo-year yield rose0.038 percentage point to 0.203%, putting the spread between the two at 1.366 percentage points. That widening made the financial sector generally, and bank stocks specifically, one of the few sectors to react positively to the Fed’s announcement on Wednesday. TheSPDR S&P Bank ETF(KBE) rose 0.9%, whileJPMorgan Chase(JPM) rose 0.7%, even as theS&P 500fell 0.5%, theDow Jones Industrial Averagedropped 0.8%, and theNasdaq Compositedeclined 0.2%</p>\n<p>The market, however, has had a change of heart. The 10-year yield has fallen to 1.498%, while the two-year has risen to 0.238%, putting the gap at 1.26 percentage points. That so-called flattening of the yield curve is bad news for a rate-sensitive sector like banks. The SPDR S&P Bank ETF fell 4.5% on Thurdsay and 1% in premarket trading on Friday. JPMorgan dropped 2.9% on Thursday and is down about 1% on Friday. S&P 500 futures on Friday were down 0.6%, while Dow futures were down 0.8%. Futures for the Nasdaq Composite fell 0.4%.</p>\n<p>Why the about-face from the market? For yields to keep rising, the economy needs to show that it is recovering quickly. Otherwise, investors are going to bet on a repeat of the slow growth the U.S. experienced after the financial crisis of 2008. With jobless claims missing by a wide margin Thursday—and experiencing the first rise following six weeks of drops—the market decided to focus on the latter, not the former, says Evercore ISI strategist Dennis DeBusschere. “The risk to the economic outlook is the sharp turn to hawkish side, relative to what everyone previously thought, at the same time the labor market isn’t as strong as the Fed assumed,” he writes.</p>\n<p>Until that changes, it will be hard for bank stocks to bounce back.</p>","source":"lsy1601382232898","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>Bank Stocks Were Fed Day Winners. Why They’re Getting Crushed.</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\">\nBank Stocks Were Fed Day Winners. Why They’re Getting Crushed.\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-18 23:00 GMT+8 <a href=https://www.barrons.com/articles/bank-stocks-were-fed-day-winners-why-theyre-getting-crushed-today-51623957525?mod=RTA><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Bank stocks rosewhen the Fed released its June monetary policy statement, one thatpointed to earlier than expected rate hikes. On Thursday, they were among the market’s biggest losers.\nThere’s a good ...</p>\n\n<a href=\"https://www.barrons.com/articles/bank-stocks-were-fed-day-winners-why-theyre-getting-crushed-today-51623957525?mod=RTA\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"WFC":"富国银行","BAC":"美国银行","C":"花旗","JPM":"摩根大通","GS":"高盛","MS":"摩根士丹利"},"source_url":"https://www.barrons.com/articles/bank-stocks-were-fed-day-winners-why-theyre-getting-crushed-today-51623957525?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119296361","content_text":"Bank stocks rosewhen the Fed released its June monetary policy statement, one thatpointed to earlier than expected rate hikes. On Thursday, they were among the market’s biggest losers.\nThere’s a good reason for that. Banks generally make money by borrowing money short and lending it out long—andmaking a profit off the spread. When longer-term rates rise faster than shorter-term ones, bank margins generally get better, while the profits deteriorate when the opposite happens.\nAfter Wednesday’s meeting, the 10-year yield got a big bounce—it rose 0.071% to 1.569%—while thetwo-year yield rose0.038 percentage point to 0.203%, putting the spread between the two at 1.366 percentage points. That widening made the financial sector generally, and bank stocks specifically, one of the few sectors to react positively to the Fed’s announcement on Wednesday. TheSPDR S&P Bank ETF(KBE) rose 0.9%, whileJPMorgan Chase(JPM) rose 0.7%, even as theS&P 500fell 0.5%, theDow Jones Industrial Averagedropped 0.8%, and theNasdaq Compositedeclined 0.2%\nThe market, however, has had a change of heart. The 10-year yield has fallen to 1.498%, while the two-year has risen to 0.238%, putting the gap at 1.26 percentage points. That so-called flattening of the yield curve is bad news for a rate-sensitive sector like banks. The SPDR S&P Bank ETF fell 4.5% on Thurdsay and 1% in premarket trading on Friday. JPMorgan dropped 2.9% on Thursday and is down about 1% on Friday. S&P 500 futures on Friday were down 0.6%, while Dow futures were down 0.8%. Futures for the Nasdaq Composite fell 0.4%.\nWhy the about-face from the market? For yields to keep rising, the economy needs to show that it is recovering quickly. Otherwise, investors are going to bet on a repeat of the slow growth the U.S. experienced after the financial crisis of 2008. With jobless claims missing by a wide margin Thursday—and experiencing the first rise following six weeks of drops—the market decided to focus on the latter, not the former, says Evercore ISI strategist Dennis DeBusschere. “The risk to the economic outlook is the sharp turn to hawkish side, relative to what everyone previously thought, at the same time the labor market isn’t as strong as the Fed assumed,” he writes.\nUntil that changes, it will be hard for bank stocks to bounce back.","news_type":1,"symbols_score_info":{"JPM":0.9,"BAC":0.9,"WFC":0.9,"MS":0.9,"C":0.9,"GS":0.9}},"isVote":1,"tweetType":1,"viewCount":2060,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165007503,"gmtCreate":1624078991502,"gmtModify":1703828426929,"author":{"id":"3581558625245952","authorId":"3581558625245952","name":"Roxan","avatar":"https://static.tigerbbs.com/54122b014f65b004b50a8e7cf86d9e11","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581558625245952","idStr":"3581558625245952"},"themes":[],"htmlText":"[Happy] ","listText":"[Happy] ","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/165007503","repostId":"1156696708","repostType":4,"isVote":1,"tweetType":1,"viewCount":1370,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168568798,"gmtCreate":1623978902514,"gmtModify":1703825266185,"author":{"id":"3581558625245952","authorId":"3581558625245952","name":"Roxan","avatar":"https://static.tigerbbs.com/54122b014f65b004b50a8e7cf86d9e11","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581558625245952","idStr":"3581558625245952"},"themes":[],"htmlText":"[Happy] ","listText":"[Happy] ","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168568798","repostId":"2144742686","repostType":4,"isVote":1,"tweetType":1,"viewCount":1681,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181530430,"gmtCreate":1623400573520,"gmtModify":1704202581330,"author":{"id":"3581558625245952","authorId":"3581558625245952","name":"Roxan","avatar":"https://static.tigerbbs.com/54122b014f65b004b50a8e7cf86d9e11","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581558625245952","idStr":"3581558625245952"},"themes":[],"htmlText":"I see","listText":"I see","text":"I see","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/181530430","repostId":"1184260690","repostType":4,"isVote":1,"tweetType":1,"viewCount":2191,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181984864,"gmtCreate":1623370654558,"gmtModify":1704201794165,"author":{"id":"3581558625245952","authorId":"3581558625245952","name":"Roxan","avatar":"https://static.tigerbbs.com/54122b014f65b004b50a8e7cf86d9e11","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581558625245952","idStr":"3581558625245952"},"themes":[],"htmlText":"[Happy] observe","listText":"[Happy] observe","text":"[Happy] observe","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181984864","isVote":1,"tweetType":1,"viewCount":2033,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181985044,"gmtCreate":1623370624988,"gmtModify":1704201792513,"author":{"id":"3581558625245952","authorId":"3581558625245952","name":"Roxan","avatar":"https://static.tigerbbs.com/54122b014f65b004b50a8e7cf86d9e11","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581558625245952","idStr":"3581558625245952"},"themes":[],"htmlText":"[Happy] ","listText":"[Happy] ","text":"[Happy]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/181985044","isVote":1,"tweetType":1,"viewCount":1845,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}