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FloatingRock
FloatingRock
·
2021-09-23
[Happy] [Happy]
@RotiJohn:
$FuelCell(FCEL)$敢敢給力!!不要放鬆!!![666]
$FuelCell(FCEL)$敢敢給力!!不要放鬆!!![666]
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FloatingRock
FloatingRock
·
2021-09-07
$Tiger Brokers(TIGR)$
Will it be $20 today?
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FloatingRock
FloatingRock
·
2021-08-03
Good
PepsiCo to Sell Tropicana, Naked Juice Brands to Private-Equity Firm
PAI Partners to pay $3.3 billion for a controlling stake in juice business. Pepsi. plans to sell th
PepsiCo to Sell Tropicana, Naked Juice Brands to Private-Equity Firm
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FloatingRock
FloatingRock
·
2021-08-01
Buy the dip
Home prices could cool when the Fed tapers its bond-buying program. But a crisis? Unlikely.
'I think the Fed will work very, very hard to create a soft landing in house prices,' says mortgage
Home prices could cool when the Fed tapers its bond-buying program. But a crisis? Unlikely.
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FloatingRock
FloatingRock
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2021-08-01
Yea
Sorry, this post has been deleted
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18:10","market":"us","language":"en","title":"PepsiCo to Sell Tropicana, Naked Juice Brands to Private-Equity Firm","url":"https://stock-news.laohu8.com/highlight/detail?id=1147605059","media":"The Wall Street Journal","summary":"PAI Partners to pay $3.3 billion for a controlling stake in juice business.\n\nPepsi. plans to sell th","content":"<blockquote>\n <b>PAI Partners to pay $3.3 billion for a controlling stake in juice business.</b>\n</blockquote>\n<p><b><a href=\"https://laohu8.com/S/PEP\">Pepsi</a></b><b>.</b><b> </b>plans to sell the Tropicana orange juice brand to a private-equity firm, parting ways with <a href=\"https://laohu8.com/S/AONE.U\">one</a> of its most famous holdings in a bid to boost growth.</p>\n<p>The snacks-and-beverage giant will sell Tropicana, Naked and other juice brands in North America to private-equity firm PAI Partners, according to people familiar with the matter. PepsiCo will receive pretax proceeds of $3.3 billion and retain a 39% stake in the new joint venture in a deal valued at roughly $4.5 billion, the people said.</p>\n<p>Over the past several years, fruit-juice sales have been under pressure as consumers reduce their sugar consumption. PepsiCo said last year that demand for its orange juice rose during the pandemic, as more peoplemade breakfast at home, but overall juice sales continued to decline at the company and across the industry.</p>\n<p>Consumption of fruit juices and fruit drinks fell 19% to 2.8 billion gallons in 2020 from 3.4 billion in 2011, according to Beverage Marketing Corp. Over the same period, PepsiCo’s sales of those products fell 36% to 436 million gallons.</p>\n<p>The company and rivals including<a href=\"https://laohu8.com/S/KO\">Coca-Cola</a>Co.have been working for years to shift their beverage sales away from sugary drinks and toward lower-calorie offerings such as diet soda, flavored seltzer and bottled water.</p>\n<p>PepsiCo’s juice business had about $3 billion in net revenue last year, compared with about $70 billion for the company as a whole, but profit margins were below other divisions’. Chief Executive Ramon Laguarta, who assumed the post in 2018, has been under pressure from investors and analysts to improve the company’s margins, particularly in its North America beverage business.</p>\n<p>PepsiCo, which gets more revenue from its snacks and food business than from drinks, has been trying to pivot toward faster-growing products. Last year, it agreed tobuy Rockstar Energy Beveragesfor $3.85 billion to expand in the fast-growing energy-drink category.</p>\n<p>Tropicana, which PepsiCo agreed to buyfrom Seagram Co. for $3.3 billion in 1998, remains the top refrigerated orange-juice brand in the U.S, followed by Coca-Cola’s Simply Orange.</p>\n<p>Coca-Cola and PepsiCo, which also owns Frito-Lay and Quaker Oats, have expanded their offerings over the past decade in categories such as tea, coffee, sports drinks and protein shakes. Last year, pushed by the pandemic,Coca-Cola discontinued many underperforming brandsincluding its Odwalla juice and smoothie business.</p>\n<p>Tropicana was founded in Florida in 1947 byAnthony Rossi, an immigrantwho had arrived from Sicily at age 21 with $25 and a few words of English, according to an obituary in what is now known as the Tampa <a href=\"https://laohu8.com/S/BYBK\">Bay</a> Times. He developed flash pasteurization and pioneered orange juice transport by train from Florida to <a href=\"https://laohu8.com/S/NWY\">New York</a> in 1970, according to PepsiCo. Mr. Rossi died in 2005.</p>\n<p>By the time PepsiCo bought the business, it was the market leader, with nearly 40% of the chilled orange juice market in the U.S. and $2 billion in annual sales.</p>\n<p>PepsiCo agreed to buy Naked Juice Co. in 2006 in an earlier push to diversify away from its namesake soda.</p>\n<p>PepsiCo is to retain exclusive U.S. distribution rights to the juice brands as part of the deal with PAI, which also includes an option to sell certain businesses in Europe.</p>\n<p>PepsiCo plans to use the proceeds from the deal to augment its balance sheet and invest in its business, the people familiar with the matter said.</p>\n<p>PAI, with offices in Paris and elsewhere and the equivalent of $17.5 billion in assets, is known for investing in well-known consumer brands.</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>PepsiCo to Sell Tropicana, Naked Juice Brands to Private-Equity Firm</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\">\nPepsiCo to Sell Tropicana, Naked Juice Brands to Private-Equity Firm\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-03 18:10 GMT+8 <a href=https://www.wsj.com/articles/pepsico-to-sell-tropicana-naked-juice-brands-to-private-equity-firm-11627984801?mod=business_lead_pos2><strong>The Wall Street Journal</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>PAI Partners to pay $3.3 billion for a controlling stake in juice business.\n\nPepsi. plans to sell the Tropicana orange juice brand to a private-equity firm, parting ways with one of its most famous ...</p>\n\n<a href=\"https://www.wsj.com/articles/pepsico-to-sell-tropicana-naked-juice-brands-to-private-equity-firm-11627984801?mod=business_lead_pos2\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"03086":"华夏纳指","PEP":"百事可乐","09086":"华夏纳指-U"},"source_url":"https://www.wsj.com/articles/pepsico-to-sell-tropicana-naked-juice-brands-to-private-equity-firm-11627984801?mod=business_lead_pos2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147605059","content_text":"PAI Partners to pay $3.3 billion for a controlling stake in juice business.\n\nPepsi. plans to sell the Tropicana orange juice brand to a private-equity firm, parting ways with one of its most famous holdings in a bid to boost growth.\nThe snacks-and-beverage giant will sell Tropicana, Naked and other juice brands in North America to private-equity firm PAI Partners, according to people familiar with the matter. PepsiCo will receive pretax proceeds of $3.3 billion and retain a 39% stake in the new joint venture in a deal valued at roughly $4.5 billion, the people said.\nOver the past several years, fruit-juice sales have been under pressure as consumers reduce their sugar consumption. PepsiCo said last year that demand for its orange juice rose during the pandemic, as more peoplemade breakfast at home, but overall juice sales continued to decline at the company and across the industry.\nConsumption of fruit juices and fruit drinks fell 19% to 2.8 billion gallons in 2020 from 3.4 billion in 2011, according to Beverage Marketing Corp. Over the same period, PepsiCo’s sales of those products fell 36% to 436 million gallons.\nThe company and rivals includingCoca-ColaCo.have been working for years to shift their beverage sales away from sugary drinks and toward lower-calorie offerings such as diet soda, flavored seltzer and bottled water.\nPepsiCo’s juice business had about $3 billion in net revenue last year, compared with about $70 billion for the company as a whole, but profit margins were below other divisions’. Chief Executive Ramon Laguarta, who assumed the post in 2018, has been under pressure from investors and analysts to improve the company’s margins, particularly in its North America beverage business.\nPepsiCo, which gets more revenue from its snacks and food business than from drinks, has been trying to pivot toward faster-growing products. Last year, it agreed tobuy Rockstar Energy Beveragesfor $3.85 billion to expand in the fast-growing energy-drink category.\nTropicana, which PepsiCo agreed to buyfrom Seagram Co. for $3.3 billion in 1998, remains the top refrigerated orange-juice brand in the U.S, followed by Coca-Cola’s Simply Orange.\nCoca-Cola and PepsiCo, which also owns Frito-Lay and Quaker Oats, have expanded their offerings over the past decade in categories such as tea, coffee, sports drinks and protein shakes. Last year, pushed by the pandemic,Coca-Cola discontinued many underperforming brandsincluding its Odwalla juice and smoothie business.\nTropicana was founded in Florida in 1947 byAnthony Rossi, an immigrantwho had arrived from Sicily at age 21 with $25 and a few words of English, according to an obituary in what is now known as the Tampa Bay Times. He developed flash pasteurization and pioneered orange juice transport by train from Florida to New York in 1970, according to PepsiCo. Mr. Rossi died in 2005.\nBy the time PepsiCo bought the business, it was the market leader, with nearly 40% of the chilled orange juice market in the U.S. and $2 billion in annual sales.\nPepsiCo agreed to buy Naked Juice Co. in 2006 in an earlier push to diversify away from its namesake soda.\nPepsiCo is to retain exclusive U.S. distribution rights to the juice brands as part of the deal with PAI, which also includes an option to sell certain businesses in Europe.\nPepsiCo plans to use the proceeds from the deal to augment its balance sheet and invest in its business, the people familiar with the matter said.\nPAI, with offices in Paris and elsewhere and the equivalent of $17.5 billion in assets, is known for investing in well-known consumer brands.","news_type":1,"symbols_score_info":{"03086":0.9,"PEP":0.9,"09086":0.9}},"isVote":1,"tweetType":1,"viewCount":3280,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802206519,"gmtCreate":1627780440431,"gmtModify":1703495690267,"author":{"id":"4088433446181140","authorId":"4088433446181140","name":"FloatingRock","avatar":"https://static.tigerbbs.com/86613ddcddee003b088ead6321ed347b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088433446181140","authorIdStr":"4088433446181140"},"themes":[],"title":"","htmlText":"Buy the dip","listText":"Buy the dip","text":"Buy the dip","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/802206519","repostId":"2156165727","repostType":4,"repost":{"id":"2156165727","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":1627771020,"share":"https://ttm.financial/m/news/2156165727?lang=en_US&edition=fundamental","pubTime":"2021-08-01 06:37","market":"hk","language":"en","title":"Home prices could cool when the Fed tapers its bond-buying program. But a crisis? Unlikely.","url":"https://stock-news.laohu8.com/highlight/detail?id=2156165727","media":"Dow Jones","summary":"'I think the Fed will work very, very hard to create a soft landing in house prices,' says mortgage ","content":"<blockquote>\n 'I think the Fed will work very, very hard to create a soft landing in house prices,' says mortgage market veteran.\n</blockquote>\n<p>U.S. home prices have been rising at a record annual pace , the absence of properties for sale, and the scramble by households for more space as families have fled to the suburbs during the pandemic.</p>\n<p>Can the good times last when the Federal Reserve finally cuts back on buying mortgage and Treasury bonds? Here's how mortgage rates and a less gargantuan central bank footprint could impact the heated U.S. housing market.</p>\n<p>\"The Fed is certainly talking and thinking about it,\" said Kathy Jones, chief fixed income strategist at the Schwab Center for Financial Research, on the subject of how the Federal Reserve could scale back the central bank's $120 billion a month bond-buying program.</p>\n<p>But Jones also thinks tighter credit conditions, likely via higher borrowing rates as the Fed tapers its bond buying program, might end up being a saving grace for today's housing market.</p>\n<p>\"Housing prices could certainly pull back, after accelerating so fast,\" she said, pointing to households fighting over the few properties available to buy, while navigating work from home. \"At some point,\" she said, mortgage payments on high-priced homes \"become unsustainable with people's incomes.\"</p>\n<p>\"But I don't see a big housing debacle.\"</p>\n<p>How to pump the brakes on housing</p>\n<p>The central bank has maintained a large footprint in the mortgage market for more than a decade, but the worsening affordability crisis in the U.S. housing market led Fed officials to walk a tightrope recently when trying to explain its ongoing large-scale asset purchases during the pandemic recovery.</p>\n<p>Fed officials in recent weeks have expressed a fair bit of disagreement around the timing and pace of any scaling back of its large-scale asset purchases.</p>\n<p>St. Louis Fed President James Bullard said Friday the central bank should start to slow down its bond purchases this fall and finish by March , saying he thought financial markets \"are very well prepared\" for the reduction in purchases.</p>\n<p>During a midweek press briefing, Chairman Jerome Powell said tapering likely would start with agency mortgage-backed securities (MBS) and Treasury bonds at the same time, but also \"the idea of reducing\" mortgage exposure \"at a somewhat faster pace does have some traction with some people\".</p>\n<p>The blue line in the chart below traces the central bank's balance sheet</p>\n<p>As of July 29, the Fed was holding about 31% of the roughly $7.8 trillion agency MBS market, or housing bonds with government backing.</p>\n<p>\"You could make the case that the Fed owns almost <a href=\"https://laohu8.com/S/AONE.U\">one</a>-third of the agency mortgage bond market, and that it might make sense to loosen its grip,\" Jones said, particularly as Powell has played down a direct link between its MBS purchases and climbing home prices.</p>\n<p>It may now seem like a distant memory, but before the pandemic upheaval, that was precisely what the Fed was trying to do.</p>\n<p>\"Who would have thought,\" said Paul Jablansky, head of fixed income at Guardian Life Insurance, that the U.S. would be in the midst of \"one of the frothiest housing markets in history,\" following last year's extreme pandemic shutdowns that closed businesses, workplaces and national borders.</p>\n<p>\"Occasionally people ask, are we at the peak?\" said Jablansky, a 30-year veteran of the mortgage, and asset-backed and broader bond market. \"We are outside the balance of our experience, so it's very difficult to say we are at the peak,\" he told MarketWatch.</p>\n<p>\"I do think house price inflation will have to slow down dramatically. But maybe the biggest question is, can we see housing prices go negative? I think the Fed will work very, very hard to create a soft landing in house prices.\"</p>\n<p>Schwab's forecast has been for the Fed to kick things off by reducing its monthly asset purchases by $15 billion to $105 billion. That would mean cutting $10 billion from its current $80 billion monthly pace of Treasury purchases and $5 billion from its $40 billion monthly pace of MBS.</p>\n<p>\"So far, we haven't changed that,\" Jones told MarketWatch.</p>\n<p>While the Fed doesn't set long-term interest rates, its mass buying of Treasurys aims to keep a lid on borrowing costs. Treasury yields also inform the interest rate component of 30-year fixed-rate mortgages. So perhaps, scaling back both at once makes sense, Jones said.</p>\n<p>Misremembering the 2013 taper</p>\n<p>Fed Chair Powell said on Wednesday that the central bank's \"substantial further progress\" standard for unemployment and inflation in particular hasn't been met yet, while stressing that he'd like to see more progress in the jobs market before easing its monetary policy support for the economy.</p>\n<p>Powell also frequently has talked of lessons learned from the market upheaval of 2013, the so-called \"taper tantrum\" that rattled markets after the central bank began talking about taking away the punch bowl, as the economy healed from the Great Recession of 2008.</p>\n<p>\"What we need to remember,\" Jablansky said, is that markets sold off in anticipation of tapering, not the actual pull back in asset purchases. \"Later in the year, the period [former Fed Chair Ben] Bernanke was talking about, the Fed actually continued to buy assets, and the amount of accommodation it provided to the economy actually went up.\"</p>\n<p>Historically, the only stretch where the Fed has actively withdrawn its support occurred between 2017 and 2019, following its controversial, first foray into large-scale asset purchases to unfreeze credit markets post 2008.</p>\n<p>\"It's very difficult to draw a lot of conclusions from that real short period,\" Jablansky said. \"For us, the conclusion is that 2013 may be instructive, but the circumstances are really different.\"</p>\n<p>The message from Powell consistently has been about preserving \"maximum flexibility, but to go very slowly,\" said George Catrambone, head of Americas trading at asset manager <a href=\"https://laohu8.com/S/DWS.AU\">DWS</a> Group.</p>\n<p>Catrambone thinks that may be the right strategy, given the uncertain outlook on inflation, evidenced by, the recent spike in the cost of living , but also because of how significantly many of our lives have changed because of the pandemic.</p>\n<p>\"We know that a used car won't cost more than a new car forever,\" Catrambone said. \"Do I think the housing market slows down? It could. But you really need the supply, demand imbalance to abate. That could take a while.\"</p>\n<p>Extreme wildfires, drought and other shocks of climate change have been tied to $30 billion in property losses in the first half of 2021, while putting more patches of land and U.S. homes in the path of danger. While these were less frequent housing market topics in 2013, the pandemic also changed the whole notion of \"what is safe\" for many families.</p>\n<p>\"Migratory patterns tend to be sticky,\" Catrambone said, of the flight out of urban centers to suburbia.</p>\n<p>What's more, the delta variant fueling a new wave of COVID-19 cases and others, but also delayed plans by many big companies to return staff to offices buildings.</p>\n<p>\"This probably doesn't help occupancy rates for commercial real estate, with more people likely staying closer to home,\" Catrambone said, but it likely adds to the already high \"psychological value placed on housing.\"</p>\n<p>After touching record highs, the S&P 500 index , Dow Jones Industrial Average and Nasdaq Composite Index closed Friday and the week lower, but booked monthly gains .</p>\n<p>On the U.S. economic data front, August kicks off with manufacturing and construction spending data, followed by motor vehicles sales, ADP employment and jobless claims, but the main focus of the week will be the monthly nonfarm payrolls report on Friday.</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>Home prices could cool when the Fed tapers its bond-buying program. But a crisis? Unlikely.</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\">\nHome prices could cool when the Fed tapers its bond-buying program. But a crisis? Unlikely.\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\">2021-08-01 06:37</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>\n 'I think the Fed will work very, very hard to create a soft landing in house prices,' says mortgage market veteran.\n</blockquote>\n<p>U.S. home prices have been rising at a record annual pace , the absence of properties for sale, and the scramble by households for more space as families have fled to the suburbs during the pandemic.</p>\n<p>Can the good times last when the Federal Reserve finally cuts back on buying mortgage and Treasury bonds? Here's how mortgage rates and a less gargantuan central bank footprint could impact the heated U.S. housing market.</p>\n<p>\"The Fed is certainly talking and thinking about it,\" said Kathy Jones, chief fixed income strategist at the Schwab Center for Financial Research, on the subject of how the Federal Reserve could scale back the central bank's $120 billion a month bond-buying program.</p>\n<p>But Jones also thinks tighter credit conditions, likely via higher borrowing rates as the Fed tapers its bond buying program, might end up being a saving grace for today's housing market.</p>\n<p>\"Housing prices could certainly pull back, after accelerating so fast,\" she said, pointing to households fighting over the few properties available to buy, while navigating work from home. \"At some point,\" she said, mortgage payments on high-priced homes \"become unsustainable with people's incomes.\"</p>\n<p>\"But I don't see a big housing debacle.\"</p>\n<p>How to pump the brakes on housing</p>\n<p>The central bank has maintained a large footprint in the mortgage market for more than a decade, but the worsening affordability crisis in the U.S. housing market led Fed officials to walk a tightrope recently when trying to explain its ongoing large-scale asset purchases during the pandemic recovery.</p>\n<p>Fed officials in recent weeks have expressed a fair bit of disagreement around the timing and pace of any scaling back of its large-scale asset purchases.</p>\n<p>St. Louis Fed President James Bullard said Friday the central bank should start to slow down its bond purchases this fall and finish by March , saying he thought financial markets \"are very well prepared\" for the reduction in purchases.</p>\n<p>During a midweek press briefing, Chairman Jerome Powell said tapering likely would start with agency mortgage-backed securities (MBS) and Treasury bonds at the same time, but also \"the idea of reducing\" mortgage exposure \"at a somewhat faster pace does have some traction with some people\".</p>\n<p>The blue line in the chart below traces the central bank's balance sheet</p>\n<p>As of July 29, the Fed was holding about 31% of the roughly $7.8 trillion agency MBS market, or housing bonds with government backing.</p>\n<p>\"You could make the case that the Fed owns almost <a href=\"https://laohu8.com/S/AONE.U\">one</a>-third of the agency mortgage bond market, and that it might make sense to loosen its grip,\" Jones said, particularly as Powell has played down a direct link between its MBS purchases and climbing home prices.</p>\n<p>It may now seem like a distant memory, but before the pandemic upheaval, that was precisely what the Fed was trying to do.</p>\n<p>\"Who would have thought,\" said Paul Jablansky, head of fixed income at Guardian Life Insurance, that the U.S. would be in the midst of \"one of the frothiest housing markets in history,\" following last year's extreme pandemic shutdowns that closed businesses, workplaces and national borders.</p>\n<p>\"Occasionally people ask, are we at the peak?\" said Jablansky, a 30-year veteran of the mortgage, and asset-backed and broader bond market. \"We are outside the balance of our experience, so it's very difficult to say we are at the peak,\" he told MarketWatch.</p>\n<p>\"I do think house price inflation will have to slow down dramatically. But maybe the biggest question is, can we see housing prices go negative? I think the Fed will work very, very hard to create a soft landing in house prices.\"</p>\n<p>Schwab's forecast has been for the Fed to kick things off by reducing its monthly asset purchases by $15 billion to $105 billion. That would mean cutting $10 billion from its current $80 billion monthly pace of Treasury purchases and $5 billion from its $40 billion monthly pace of MBS.</p>\n<p>\"So far, we haven't changed that,\" Jones told MarketWatch.</p>\n<p>While the Fed doesn't set long-term interest rates, its mass buying of Treasurys aims to keep a lid on borrowing costs. Treasury yields also inform the interest rate component of 30-year fixed-rate mortgages. So perhaps, scaling back both at once makes sense, Jones said.</p>\n<p>Misremembering the 2013 taper</p>\n<p>Fed Chair Powell said on Wednesday that the central bank's \"substantial further progress\" standard for unemployment and inflation in particular hasn't been met yet, while stressing that he'd like to see more progress in the jobs market before easing its monetary policy support for the economy.</p>\n<p>Powell also frequently has talked of lessons learned from the market upheaval of 2013, the so-called \"taper tantrum\" that rattled markets after the central bank began talking about taking away the punch bowl, as the economy healed from the Great Recession of 2008.</p>\n<p>\"What we need to remember,\" Jablansky said, is that markets sold off in anticipation of tapering, not the actual pull back in asset purchases. \"Later in the year, the period [former Fed Chair Ben] Bernanke was talking about, the Fed actually continued to buy assets, and the amount of accommodation it provided to the economy actually went up.\"</p>\n<p>Historically, the only stretch where the Fed has actively withdrawn its support occurred between 2017 and 2019, following its controversial, first foray into large-scale asset purchases to unfreeze credit markets post 2008.</p>\n<p>\"It's very difficult to draw a lot of conclusions from that real short period,\" Jablansky said. \"For us, the conclusion is that 2013 may be instructive, but the circumstances are really different.\"</p>\n<p>The message from Powell consistently has been about preserving \"maximum flexibility, but to go very slowly,\" said George Catrambone, head of Americas trading at asset manager <a href=\"https://laohu8.com/S/DWS.AU\">DWS</a> Group.</p>\n<p>Catrambone thinks that may be the right strategy, given the uncertain outlook on inflation, evidenced by, the recent spike in the cost of living , but also because of how significantly many of our lives have changed because of the pandemic.</p>\n<p>\"We know that a used car won't cost more than a new car forever,\" Catrambone said. \"Do I think the housing market slows down? It could. But you really need the supply, demand imbalance to abate. That could take a while.\"</p>\n<p>Extreme wildfires, drought and other shocks of climate change have been tied to $30 billion in property losses in the first half of 2021, while putting more patches of land and U.S. homes in the path of danger. While these were less frequent housing market topics in 2013, the pandemic also changed the whole notion of \"what is safe\" for many families.</p>\n<p>\"Migratory patterns tend to be sticky,\" Catrambone said, of the flight out of urban centers to suburbia.</p>\n<p>What's more, the delta variant fueling a new wave of COVID-19 cases and others, but also delayed plans by many big companies to return staff to offices buildings.</p>\n<p>\"This probably doesn't help occupancy rates for commercial real estate, with more people likely staying closer to home,\" Catrambone said, but it likely adds to the already high \"psychological value placed on housing.\"</p>\n<p>After touching record highs, the S&P 500 index , Dow Jones Industrial Average and Nasdaq Composite Index closed Friday and the week lower, but booked monthly gains .</p>\n<p>On the U.S. economic data front, August kicks off with manufacturing and construction spending data, followed by motor vehicles sales, ADP employment and jobless claims, but the main focus of the week will be the monthly nonfarm payrolls report on Friday.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MBB":"美国按揭抵押债券ETF-iShares","HBCP":"Home Bancorp Inc","FB":"ProShares S&P 500 Dynamic Buffer ETF","GOOG":"谷歌","GOOGL":"谷歌A"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2156165727","content_text":"'I think the Fed will work very, very hard to create a soft landing in house prices,' says mortgage market veteran.\n\nU.S. home prices have been rising at a record annual pace , the absence of properties for sale, and the scramble by households for more space as families have fled to the suburbs during the pandemic.\nCan the good times last when the Federal Reserve finally cuts back on buying mortgage and Treasury bonds? Here's how mortgage rates and a less gargantuan central bank footprint could impact the heated U.S. housing market.\n\"The Fed is certainly talking and thinking about it,\" said Kathy Jones, chief fixed income strategist at the Schwab Center for Financial Research, on the subject of how the Federal Reserve could scale back the central bank's $120 billion a month bond-buying program.\nBut Jones also thinks tighter credit conditions, likely via higher borrowing rates as the Fed tapers its bond buying program, might end up being a saving grace for today's housing market.\n\"Housing prices could certainly pull back, after accelerating so fast,\" she said, pointing to households fighting over the few properties available to buy, while navigating work from home. \"At some point,\" she said, mortgage payments on high-priced homes \"become unsustainable with people's incomes.\"\n\"But I don't see a big housing debacle.\"\nHow to pump the brakes on housing\nThe central bank has maintained a large footprint in the mortgage market for more than a decade, but the worsening affordability crisis in the U.S. housing market led Fed officials to walk a tightrope recently when trying to explain its ongoing large-scale asset purchases during the pandemic recovery.\nFed officials in recent weeks have expressed a fair bit of disagreement around the timing and pace of any scaling back of its large-scale asset purchases.\nSt. Louis Fed President James Bullard said Friday the central bank should start to slow down its bond purchases this fall and finish by March , saying he thought financial markets \"are very well prepared\" for the reduction in purchases.\nDuring a midweek press briefing, Chairman Jerome Powell said tapering likely would start with agency mortgage-backed securities (MBS) and Treasury bonds at the same time, but also \"the idea of reducing\" mortgage exposure \"at a somewhat faster pace does have some traction with some people\".\nThe blue line in the chart below traces the central bank's balance sheet\nAs of July 29, the Fed was holding about 31% of the roughly $7.8 trillion agency MBS market, or housing bonds with government backing.\n\"You could make the case that the Fed owns almost one-third of the agency mortgage bond market, and that it might make sense to loosen its grip,\" Jones said, particularly as Powell has played down a direct link between its MBS purchases and climbing home prices.\nIt may now seem like a distant memory, but before the pandemic upheaval, that was precisely what the Fed was trying to do.\n\"Who would have thought,\" said Paul Jablansky, head of fixed income at Guardian Life Insurance, that the U.S. would be in the midst of \"one of the frothiest housing markets in history,\" following last year's extreme pandemic shutdowns that closed businesses, workplaces and national borders.\n\"Occasionally people ask, are we at the peak?\" said Jablansky, a 30-year veteran of the mortgage, and asset-backed and broader bond market. \"We are outside the balance of our experience, so it's very difficult to say we are at the peak,\" he told MarketWatch.\n\"I do think house price inflation will have to slow down dramatically. But maybe the biggest question is, can we see housing prices go negative? I think the Fed will work very, very hard to create a soft landing in house prices.\"\nSchwab's forecast has been for the Fed to kick things off by reducing its monthly asset purchases by $15 billion to $105 billion. That would mean cutting $10 billion from its current $80 billion monthly pace of Treasury purchases and $5 billion from its $40 billion monthly pace of MBS.\n\"So far, we haven't changed that,\" Jones told MarketWatch.\nWhile the Fed doesn't set long-term interest rates, its mass buying of Treasurys aims to keep a lid on borrowing costs. Treasury yields also inform the interest rate component of 30-year fixed-rate mortgages. So perhaps, scaling back both at once makes sense, Jones said.\nMisremembering the 2013 taper\nFed Chair Powell said on Wednesday that the central bank's \"substantial further progress\" standard for unemployment and inflation in particular hasn't been met yet, while stressing that he'd like to see more progress in the jobs market before easing its monetary policy support for the economy.\nPowell also frequently has talked of lessons learned from the market upheaval of 2013, the so-called \"taper tantrum\" that rattled markets after the central bank began talking about taking away the punch bowl, as the economy healed from the Great Recession of 2008.\n\"What we need to remember,\" Jablansky said, is that markets sold off in anticipation of tapering, not the actual pull back in asset purchases. \"Later in the year, the period [former Fed Chair Ben] Bernanke was talking about, the Fed actually continued to buy assets, and the amount of accommodation it provided to the economy actually went up.\"\nHistorically, the only stretch where the Fed has actively withdrawn its support occurred between 2017 and 2019, following its controversial, first foray into large-scale asset purchases to unfreeze credit markets post 2008.\n\"It's very difficult to draw a lot of conclusions from that real short period,\" Jablansky said. \"For us, the conclusion is that 2013 may be instructive, but the circumstances are really different.\"\nThe message from Powell consistently has been about preserving \"maximum flexibility, but to go very slowly,\" said George Catrambone, head of Americas trading at asset manager DWS Group.\nCatrambone thinks that may be the right strategy, given the uncertain outlook on inflation, evidenced by, the recent spike in the cost of living , but also because of how significantly many of our lives have changed because of the pandemic.\n\"We know that a used car won't cost more than a new car forever,\" Catrambone said. \"Do I think the housing market slows down? It could. But you really need the supply, demand imbalance to abate. That could take a while.\"\nExtreme wildfires, drought and other shocks of climate change have been tied to $30 billion in property losses in the first half of 2021, while putting more patches of land and U.S. homes in the path of danger. While these were less frequent housing market topics in 2013, the pandemic also changed the whole notion of \"what is safe\" for many families.\n\"Migratory patterns tend to be sticky,\" Catrambone said, of the flight out of urban centers to suburbia.\nWhat's more, the delta variant fueling a new wave of COVID-19 cases and others, but also delayed plans by many big companies to return staff to offices buildings.\n\"This probably doesn't help occupancy rates for commercial real estate, with more people likely staying closer to home,\" Catrambone said, but it likely adds to the already high \"psychological value placed on housing.\"\nAfter touching record highs, the S&P 500 index , Dow Jones Industrial Average and Nasdaq Composite Index closed Friday and the week lower, but booked monthly gains .\nOn the U.S. economic data front, August kicks off with manufacturing and construction spending data, followed by motor vehicles sales, ADP employment and jobless claims, but the main focus of the week will be the monthly nonfarm payrolls report on Friday.","news_type":1,"symbols_score_info":{"MBB":0.9,"HBCP":0.9,"GOOG":0.9,"GOOGL":0.9,"FB":0.9}},"isVote":1,"tweetType":1,"viewCount":3237,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":802201197,"gmtCreate":1627780297019,"gmtModify":1703495686520,"author":{"id":"4088433446181140","authorId":"4088433446181140","name":"FloatingRock","avatar":"https://static.tigerbbs.com/86613ddcddee003b088ead6321ed347b","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4088433446181140","authorIdStr":"4088433446181140"},"themes":[],"title":"","htmlText":"Yea","listText":"Yea","text":"Yea","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/802201197","repostId":"1127411624","repostType":4,"isVote":1,"tweetType":1,"viewCount":2559,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}