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snowpine2005

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- snowpine2005snowpine2005
  ·02-04
  $Lendlease Reit(JYEU.SI)$ $Lendlease Reit(JYEU.SI)$
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- snowpine2005snowpine2005
  ·01-21
  $Taiwan Semiconductor Manufacturing(TSM)$
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- snowpine2005snowpine2005
  ·01-21
  $Taiwan Semiconductor Manufacturing(TSM)$ the long wait, yes!
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- snowpine2005snowpine2005
  ·01-18
  $Lendlease Reit(JYEU.SI)$
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- snowpine2005snowpine2005
  ·01-16
  $Lendlease Reit(JYEU.SI)$
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- snowpine2005snowpine2005
  ·01-16
  $Lendlease Reit(JYEU.SI)$
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- snowpine2005snowpine2005
  ·2022-10-09
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  Elon Musk: "Aren’t You Entertained?"
  Musk roars with laughter. “I play the fool on Twitter and often shoot myself in the foot and cause myself all sorts of trouble
  Elon Musk: "Aren’t You Entertained?"
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- snowpine2005snowpine2005
  ·2022-10-09
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  Why Stock-Market Bulls Keep Falling for Fed "Pivot" Feints -- and What It Will Take to Put in a Bottom
  Should you buy stocks now, or wait?Timing the market has been a nagging question for investors ever
  Why Stock-Market Bulls Keep Falling for Fed "Pivot" Feints -- and What It Will Take to Put in a Bottom
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- snowpine2005snowpine2005
  ·2022-10-04
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- snowpine2005snowpine2005
  ·2022-10-03
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  Q4 Kicks off Amid Volatility, Jobs Report in Focus: What to Know This Week
  The latest monthly jobs report is this week’s headline event as battered and bruised investors barre
  Q4 Kicks off Amid Volatility, Jobs Report in Focus: What to Know This Week
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href=\"https://ttm.financial/S/JYEU.SI\">$Lendlease Reit(JYEU.SI)$ &nbsp;</a>","listText":"<a href=\"https://ttm.financial/S/JYEU.SI\">$Lendlease Reit(JYEU.SI)$ &nbsp;</a>","text":"$Lendlease Reit(JYEU.SI)$","images":[{"img":"https://community-static.tradeup.com/news/f7e32f03b2200f02d18ad643a9fa217c","width":"906","height":"1406"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/263481374793816","isVote":1,"tweetType":1,"viewCount":205,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":9914555857,"gmtCreate":1665326761179,"gmtModify":1676537587880,"author":{"id":"4104801378187350","authorId":"4104801378187350","name":"snowpine2005","avatar":"https://static.itradeup.com/news/30cc314b08db312a03020e5b08d11966","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4104801378187350","authorIdStr":"4104801378187350"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9914555857","repostId":"1197842233","repostType":4,"repost":{"id":"1197842233","pubTimestamp":1665278678,"share":"https://ttm.financial/m/news/1197842233?lang=&edition=fundamental","pubTime":"2022-10-09 09:24","market":"us","language":"en","title":"Elon Musk: \"Aren’t You Entertained?\"","url":"https://stock-news.laohu8.com/highlight/detail?id=1197842233","media":"Financial Times","summary":"Musk roars with laughter. “I play the fool on Twitter and often shoot myself in the foot and cause myself all sorts of trouble","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/5b46ff3c33be5ce8a2e8c863b83fb923\" tg-width=\"1160\" tg-height=\"870\" referrerpolicy=\"no-referrer\"/></p><p>Dinner with Elon Musk begins with a drive in a Tesla. I am seated in the back, next to X, the billionaire’s two-and-a-half-year-old son. It’s around 7pm in Austin, and X is, as one would expect, cranky.</p><p>We had set off to Fonda San Miguel, Musk’s favourite Mexican restaurant, after a visit with an FT colleague to the Tesla Gigafactory on the banks of the Colorado river.</p><p>In this massive site Musk is producing the Y electric SUVs, the latest model in the Tesla collection that has catapulted him to the top of the world’s rich list (net worth: $232bn). Musk, with X perched on his shoulders, had proudly shown off the factory floor as he periodically raged against sluggish investment in lithium refining, which is desperately needed to ease battery shortages around the world.</p><p>Musk’s security chief, the designated driver, comes to the rescue with a milk bottle that soothes X to sleep by the time we reach the restaurant.</p><p>For the next couple of hours, I am better acquainted with the curious character of Elon Musk, the engineer and the visionary, the billionaire and the disrupter, the agitator and the troublemaker.</p><p>Defying armies of sceptics, including myself (full disclosure: until my family rebelled against me and bought a Tesla Model 3 and I started driving it, I was convinced the company would go bankrupt), Musk has built Tesla into a more than $700bn market cap business and forced the car industry to speed up the shift to electric vehicles. Not prone to modesty, Musk estimates he may have accelerated the “advent of sustainable energy” by “10, maybe even 20 years”.</p><p>In just over a decade, he has also transformed the commercial space industry and the economics of space, racing ahead of rivals in building a reusable rocket that can carry passengers. Nasa has picked his Starship to land astronauts on the moon over the next few years. It is now worth around $125bn. One day, or so Musk is convinced, it will be used to colonise Mars.</p><p>Musk is a maverick too, a serial tweeter to his more than 100mn followers who flouts convention, revels in outrageous outbursts, fights with regulators and staff, and taunts competitors. He has regular run-ins with the Securities and Exchange Commission: he was fined and forced to give up his chairmanship of Tesla over 2018 tweets in which he claimed to have secured funding to take Tesla private, statements that a US judge later described as having been made “recklessly”.</p><p>A recent lawsuit accuses Musk of running a pyramid scheme to prop up dogecoin, a cryptocurrency that is, literally, based on a joke — an internet meme of a Japanese dog. Dogecoin has predictably crashed but Musk’s enthusiasm has not: he twins his black jeans with a black T-shirt featuring an image of the dog.</p><p>Why does a serious guy with serious ideas indulge in silly Twitter games that could also cost his followers dearly? “Aren’t you entertained?” Musk roars with laughter. “I play the fool on Twitter and often shoot myself in the foot and cause myself all sorts of trouble . . . I don’t know, I find it vaguely therapeutic to express myself on Twitter. It’s a way to get messages out to the public.”</p><p>It is fair to say that Musk is obsessed with Twitter, so much so that he’s been embroiled in an epic on/off buyout of the platform that has captivated Wall Street and the tech industry for months. Twitter sued Musk (and he sued back) after he backed out of a $44bn acquisition deal he made in April, accusing the social media company of under-reporting the number of bots on the platform. This week, and just before his scheduled deposition, Musk changed his mind. He now says he wants to buy Twitter again.</p><p>I had asked over dinner whether his original offer had been a bad joke. “Twitter is certainly an invitation to increase your pain level,” he says. “I guess I must be a masochist . . . ” But he makes no secret that his interest in the company has never been primarily financial: “I’m not doing Twitter for the money. It’s not like I’m trying to buy some yacht and I can’t afford it. I don’t own any boats. But I think it’s important that people have a maximally trusted and inclusive means of exchanging ideas and that it should be as trusted and transparent as possible.” The alternative, he says, is a splintering of debate into different social-media bubbles, as evidenced by Donald Trump’s Truth Social network. “It [Truth Social] is essentially a rightwing echo chamber. It might as well be called Trumpet.”</p><p>Musk doesn’t eat lunch, possibly because an unflattering picture in a swimsuit taken on a yacht in Mykonos went viral over the summer. Since then, he has been on a diet.</p><p>At Fonda San Miguel, a teeming Mexican restaurant that promises a regional culinary experience, he is a familiar dinner customer. He orders a frozen margarita (he calls it a slushy with alcohol) and I order a beer. Musk looks around. “There’s a good buzz in this restaurant,” he says approvingly, and suggests to the waiter that they serve us some of their specialities. Musk is telling me that companies are like children when the first plates land on the table: the lamb chops in a pepper sauce, and shrimp with cheese and jalapeños. The food is “epic”, Musk gasps.</p><blockquote>It’s important that people die. How long would you have liked Stalin to live?</blockquote><p>Musk is capricious, but he sees himself as a problem solver, and the problem is everything from the potential end of life on Earth to climate change and even traffic (his Boring company is building tunnels). Recently, he has dreamt up his own (rather unhelpful) peace plan for ending Russia’s war in Ukraine. Born and raised in South Africa in a well-to-do family, he landed in California after studying economics and physics in Canada and Pennsylvania. One of his first big ideas was well ahead of its time: he wanted to revolutionise banking. He merged an online payments business he co-founded with another company in what became PayPal. When PayPal was sold to eBay, he used the money to start SpaceX and invest in Tesla.</p><p>Ageing strikes me as the only threat to humans that he is not attempting to resolve, though another company he founded, Neuralink, is designing chips that will be implanted in the brain to restore sensory and motor function. Musk is very exercised about population decline, and claims to be doing his part to populate Earth by having 10 children (from various partners), including, it was recently reported, twins with an executive at Neuralink.</p><p>He scoffs when I inquire if there are other children he has fathered — “I’m pretty sure there are no other babies looming” — and he dismisses the wild rumours that he has bought a fertility clinic to support his production of babies. Some friends, he reveals, have indeed suggested he should have 500 kids, but that would be a “bit weird”. Referring to himself, aged 51, as an “autumn chicken”, he says he may have more children, but only to the extent that he can be a good father to them. Nonetheless, he predicts that “the current trend for most countries is that civilisation will not die with a bang, it will die with a whimper in adult diapers”. But he says ageing should not be solved. “It’s important that people die. How long would you have liked Stalin to live?” That is a good point.</p><p>Musk’s bigger worry is the preservation of life beyond Earth. His solution is to populate Mars. “Something will happen to Earth eventually, it’s just a question of time. Eventually the sun will expand and destroy all life on Earth, so we do need to move at some point, or at least be a multi-planet species,” he says. “You have to ask the question: do we want to be a space-flying civilisation and a multi-planet species or not?” I’m not sure what I think but Musk is emphatic. “It’s a question of what percentage of resources should we devote to such an endeavour? I think if you say 1 per cent of resources, that’s probably a reasonable amount.“</p><p>Would Musk himself join the pioneering colony on Mars? “Especially if I’m getting old, I’ll do it. Why not?” he says. But how useful would he be to Mars if he’s too old? “I think there’s some non-trivial chance of dying, so I’d prefer to take that chance when I’m a bit older, and see my kids grow up. Rather than right now, where little X is only two-and-a-half. I think he’d miss me.”</p><p>The table is too small for the large plates we are sharing as a second course: a slow-cooked lamb that melts in the mouth, chillies in a walnut-based sauce and shrimp in creamy chipotle sauce. Musk is right: it is the best Mexican food I’ve ever had.</p><p>We turn to his views on government and politics and the Twitter Musk appears, the more emotional, unrestrained persona that comes across in his frenetic posts. He is lauding billionaires as the most efficient stewards of capital, best placed to decide on the allocation of social benefits. “If the alternative steward of capital is the government, that is actually not going to be to the benefit of the people,” says Musk.</p><p>He is railing against Joe Biden for being in thrall to the unions but also daring to snub him. “He [Biden] had an electric vehicle summit at the White House and deliberately didn’t invite Tesla last year. Then to follow it up, to add insult to injury, at a big event he said that GM was leading the electric car revolution, in the same quarter that GM shipped 26 electric cars and we shipped 300,000. Does that seem fair to you?“</p><p>Until recently Musk voted Democrat, although he is now more on the Republican side, or perhaps floating somewhere in between. He says he is considering setting up “the Super Moderate Super Pac” to support candidates with moderate views. He makes a point of telling me that he doesn’t hate Trump, even if he has clashed with him, and insists Biden is simply too old to run for a second term in office. “You don’t want to be too far from the average age of the population because it’s going to be very difficult to stay in touch . . . Maybe one generation away from the average age is OK, but two generations? At the point where you’ve got great-grandchildren, I don’t know, how in touch with the people are you? Is it even possible to be?”</p><blockquote>I’m subject to literally a million laws and regulations and I obey almost 99.99 per cent of them</blockquote><p>Musk has a dystopian view of the left’s influence on America, which helps explain his wild pursuit of Twitter to liberate free speech. He blames the fact that his teenage daughter no longer wants to be associated with him on the supposed takeover of elite schools and universities by neo-Marxists. “It’s full-on communism . . . and a general sentiment that if you’re rich, you’re evil,” says Musk. “It [the relationship] may change, but I have very good relationships with all the others [children]. Can’t win them all.“</p><p>He also has a dim view of regulators, whom he sees as bureaucrats justifying their jobs by going after high-profile targets like him. He seems to be in a constant feud with one regulator or another, whether it’s over his own pronouncements or over the treatment of staff. Musk is unabashed about driving his employees hard. He was bullied as a child (and has also spoken of emotional abuse by his father) but is now sometimes accused of bullying others. He shoots back: if anyone is unhappy working for him, they should work elsewhere because “they’re not chained to the company, it’s voluntary”.</p><p>Does he ever think he’s above the law? That’s utter nonsense, he tells me: “I’m subject to literally a million laws and regulations and I obey almost 99.99 per cent of them. It’s only when I think the law is contrary to the interest of the people that I have an issue.” I wonder if he means the interest of Elon Musk.</p><p>There are some topics that amuse Musk, eliciting prolonged laughter, and other questions that are met with deliberate silence before he speaks. The longest silence follows my question about China and the risk to Tesla’s Shanghai factory, which produces between 30 per cent and 50 per cent of Tesla’s total production. Musk has been an admirer of as well as an investor in China. But he is not immune to the gathering US-China tensions or the risk of a Chinese takeover of Taiwan. Musk says Beijing has made clear its disapproval of his recent rollout of Starlink, SpaceX’s satellite communications system, in Ukraine to help the military circumvent Russia’s cut-off of the internet. He says Beijing sought assurances that he would not sell Starlink in China. Musk reckons that conflict over Taiwan is inevitable but he is quick to point out that he won’t be alone in suffering the consequences. Tesla will be caught up in any conflict, he says, though, curiously, he seems to assume that the Shanghai factory will still be able to supply to customers in China, but not anywhere else. “Apple would be in very deep trouble, that’s for sure . . . ” he adds, not to mention the global economy, which he estimates, with precision, will take a 30 per cent hit.</p><p>It may be Musk’s realisation that business decisions can no longer be made without regard to security and geopolitics — or perhaps it’s simply an arrogant belief that he has all the answers — that now leads him to offer his own solutions to the world’s most complex geopolitical problems. “My recommendation . . . would be to figure out a special administrative zone for Taiwan that is reasonably palatable, probably won’t make everyone happy. And it’s possible, and I think probably, in fact, that they could have an arrangement that’s more lenient than Hong Kong.” I doubt his proposal will be taken up.</p><p>On Ukraine too, he has advocated a compromise with Russia that has earned him ridicule in Kyiv, where Starlink had made him a hero until now. He launched his peace plan in a poll on Twitter and suggested that Crimea, which Russia invaded in 2014 and later annexed, should simply be given away to Russia. Volodymyr Zelenskyy, the Ukrainian president, shot back with his own Twitter poll: which Elon Musk do you like more, he asked, the one who supports Ukraine or the one who supports Russia?</p><p>We are over an hour into dinner and Musk is in a hurry, having scheduled a call with his SpaceX team. We skip dessert and I ask for the bill, only to find out it’s already been settled by Musk’s security chief. Musk ignores my protestations that he is flouting Lunch with the FT convention: “You’re indebted to me for life,” he jokes. We head back to the car that is taking him to a private airport to board his jet and he suggests we continue our conversation on the way.</p><p>I find X exactly where I left him, in his car seat, but he’s more cheerful after his nap. He is cooing as he watches videos of rockets on his iPad while his dad discusses rockets with his team. Suddenly, I notice that the car is driving itself, as if to dispel the doubts I had expressed about Tesla’s self-driving prospects. “It can get to the airport without intervention,” says Musk. Alarmed, I put my seatbelt on. Musk could be a magician, but he could also be wrong.</p><p><b>Menu</b></p><p>Fonda San Miguel</p><p>2330 W N Loop Blvd, Austin, Texas 78756</p><p>House frozen margarita $10</p><p>Modelo Especial beer $6</p><p>House rocks margarita $10</p><p>Spicy sauce $0.50</p><p>Angels on horseback (shrimp with cheese) $18.95</p><p>Cordero lamb chops $24.95</p><p>Mixiote slow-cooked lamb $38.95</p><p>Chile en nogada (chillies in a walnut sauce) $38.95</p><p>Camarones crema chipotle (shrimp in a spicy chipotle sauce) $34.95</p><p>Total inc tax $198.37</p></body></html>","source":"lsy1580170736413","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>Elon Musk: \"Aren’t You Entertained?\"</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\">\nElon Musk: \"Aren’t You Entertained?\"\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-09 09:24 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.ft.com/content/5ef14997-982e-4f03-8548-b5d67202623a><strong>Financial Times</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Dinner with Elon Musk begins with a drive in a Tesla. I am seated in the back, next to X, the billionaire’s two-and-a-half-year-old son. It’s around 7pm in Austin, and X is, as one would expect, ...</p>\n\n<a href=\"https://www.ft.com/content/5ef14997-982e-4f03-8548-b5d67202623a\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TWTR":"Twitter","TSLA":"特斯拉"},"source_url":"https://www.ft.com/content/5ef14997-982e-4f03-8548-b5d67202623a","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1197842233","content_text":"Dinner with Elon Musk begins with a drive in a Tesla. I am seated in the back, next to X, the billionaire’s two-and-a-half-year-old son. It’s around 7pm in Austin, and X is, as one would expect, cranky.We had set off to Fonda San Miguel, Musk’s favourite Mexican restaurant, after a visit with an FT colleague to the Tesla Gigafactory on the banks of the Colorado river.In this massive site Musk is producing the Y electric SUVs, the latest model in the Tesla collection that has catapulted him to the top of the world’s rich list (net worth: $232bn). Musk, with X perched on his shoulders, had proudly shown off the factory floor as he periodically raged against sluggish investment in lithium refining, which is desperately needed to ease battery shortages around the world.Musk’s security chief, the designated driver, comes to the rescue with a milk bottle that soothes X to sleep by the time we reach the restaurant.For the next couple of hours, I am better acquainted with the curious character of Elon Musk, the engineer and the visionary, the billionaire and the disrupter, the agitator and the troublemaker.Defying armies of sceptics, including myself (full disclosure: until my family rebelled against me and bought a Tesla Model 3 and I started driving it, I was convinced the company would go bankrupt), Musk has built Tesla into a more than $700bn market cap business and forced the car industry to speed up the shift to electric vehicles. Not prone to modesty, Musk estimates he may have accelerated the “advent of sustainable energy” by “10, maybe even 20 years”.In just over a decade, he has also transformed the commercial space industry and the economics of space, racing ahead of rivals in building a reusable rocket that can carry passengers. Nasa has picked his Starship to land astronauts on the moon over the next few years. It is now worth around $125bn. One day, or so Musk is convinced, it will be used to colonise Mars.Musk is a maverick too, a serial tweeter to his more than 100mn followers who flouts convention, revels in outrageous outbursts, fights with regulators and staff, and taunts competitors. He has regular run-ins with the Securities and Exchange Commission: he was fined and forced to give up his chairmanship of Tesla over 2018 tweets in which he claimed to have secured funding to take Tesla private, statements that a US judge later described as having been made “recklessly”.A recent lawsuit accuses Musk of running a pyramid scheme to prop up dogecoin, a cryptocurrency that is, literally, based on a joke — an internet meme of a Japanese dog. Dogecoin has predictably crashed but Musk’s enthusiasm has not: he twins his black jeans with a black T-shirt featuring an image of the dog.Why does a serious guy with serious ideas indulge in silly Twitter games that could also cost his followers dearly? “Aren’t you entertained?” Musk roars with laughter. “I play the fool on Twitter and often shoot myself in the foot and cause myself all sorts of trouble . . . I don’t know, I find it vaguely therapeutic to express myself on Twitter. It’s a way to get messages out to the public.”It is fair to say that Musk is obsessed with Twitter, so much so that he’s been embroiled in an epic on/off buyout of the platform that has captivated Wall Street and the tech industry for months. Twitter sued Musk (and he sued back) after he backed out of a $44bn acquisition deal he made in April, accusing the social media company of under-reporting the number of bots on the platform. This week, and just before his scheduled deposition, Musk changed his mind. He now says he wants to buy Twitter again.I had asked over dinner whether his original offer had been a bad joke. “Twitter is certainly an invitation to increase your pain level,” he says. “I guess I must be a masochist . . . ” But he makes no secret that his interest in the company has never been primarily financial: “I’m not doing Twitter for the money. It’s not like I’m trying to buy some yacht and I can’t afford it. I don’t own any boats. But I think it’s important that people have a maximally trusted and inclusive means of exchanging ideas and that it should be as trusted and transparent as possible.” The alternative, he says, is a splintering of debate into different social-media bubbles, as evidenced by Donald Trump’s Truth Social network. “It [Truth Social] is essentially a rightwing echo chamber. It might as well be called Trumpet.”Musk doesn’t eat lunch, possibly because an unflattering picture in a swimsuit taken on a yacht in Mykonos went viral over the summer. Since then, he has been on a diet.At Fonda San Miguel, a teeming Mexican restaurant that promises a regional culinary experience, he is a familiar dinner customer. He orders a frozen margarita (he calls it a slushy with alcohol) and I order a beer. Musk looks around. “There’s a good buzz in this restaurant,” he says approvingly, and suggests to the waiter that they serve us some of their specialities. Musk is telling me that companies are like children when the first plates land on the table: the lamb chops in a pepper sauce, and shrimp with cheese and jalapeños. The food is “epic”, Musk gasps.It’s important that people die. How long would you have liked Stalin to live?Musk is capricious, but he sees himself as a problem solver, and the problem is everything from the potential end of life on Earth to climate change and even traffic (his Boring company is building tunnels). Recently, he has dreamt up his own (rather unhelpful) peace plan for ending Russia’s war in Ukraine. Born and raised in South Africa in a well-to-do family, he landed in California after studying economics and physics in Canada and Pennsylvania. One of his first big ideas was well ahead of its time: he wanted to revolutionise banking. He merged an online payments business he co-founded with another company in what became PayPal. When PayPal was sold to eBay, he used the money to start SpaceX and invest in Tesla.Ageing strikes me as the only threat to humans that he is not attempting to resolve, though another company he founded, Neuralink, is designing chips that will be implanted in the brain to restore sensory and motor function. Musk is very exercised about population decline, and claims to be doing his part to populate Earth by having 10 children (from various partners), including, it was recently reported, twins with an executive at Neuralink.He scoffs when I inquire if there are other children he has fathered — “I’m pretty sure there are no other babies looming” — and he dismisses the wild rumours that he has bought a fertility clinic to support his production of babies. Some friends, he reveals, have indeed suggested he should have 500 kids, but that would be a “bit weird”. Referring to himself, aged 51, as an “autumn chicken”, he says he may have more children, but only to the extent that he can be a good father to them. Nonetheless, he predicts that “the current trend for most countries is that civilisation will not die with a bang, it will die with a whimper in adult diapers”. But he says ageing should not be solved. “It’s important that people die. How long would you have liked Stalin to live?” That is a good point.Musk’s bigger worry is the preservation of life beyond Earth. His solution is to populate Mars. “Something will happen to Earth eventually, it’s just a question of time. Eventually the sun will expand and destroy all life on Earth, so we do need to move at some point, or at least be a multi-planet species,” he says. “You have to ask the question: do we want to be a space-flying civilisation and a multi-planet species or not?” I’m not sure what I think but Musk is emphatic. “It’s a question of what percentage of resources should we devote to such an endeavour? I think if you say 1 per cent of resources, that’s probably a reasonable amount.“Would Musk himself join the pioneering colony on Mars? “Especially if I’m getting old, I’ll do it. Why not?” he says. But how useful would he be to Mars if he’s too old? “I think there’s some non-trivial chance of dying, so I’d prefer to take that chance when I’m a bit older, and see my kids grow up. Rather than right now, where little X is only two-and-a-half. I think he’d miss me.”The table is too small for the large plates we are sharing as a second course: a slow-cooked lamb that melts in the mouth, chillies in a walnut-based sauce and shrimp in creamy chipotle sauce. Musk is right: it is the best Mexican food I’ve ever had.We turn to his views on government and politics and the Twitter Musk appears, the more emotional, unrestrained persona that comes across in his frenetic posts. He is lauding billionaires as the most efficient stewards of capital, best placed to decide on the allocation of social benefits. “If the alternative steward of capital is the government, that is actually not going to be to the benefit of the people,” says Musk.He is railing against Joe Biden for being in thrall to the unions but also daring to snub him. “He [Biden] had an electric vehicle summit at the White House and deliberately didn’t invite Tesla last year. Then to follow it up, to add insult to injury, at a big event he said that GM was leading the electric car revolution, in the same quarter that GM shipped 26 electric cars and we shipped 300,000. Does that seem fair to you?“Until recently Musk voted Democrat, although he is now more on the Republican side, or perhaps floating somewhere in between. He says he is considering setting up “the Super Moderate Super Pac” to support candidates with moderate views. He makes a point of telling me that he doesn’t hate Trump, even if he has clashed with him, and insists Biden is simply too old to run for a second term in office. “You don’t want to be too far from the average age of the population because it’s going to be very difficult to stay in touch . . . Maybe one generation away from the average age is OK, but two generations? At the point where you’ve got great-grandchildren, I don’t know, how in touch with the people are you? Is it even possible to be?”I’m subject to literally a million laws and regulations and I obey almost 99.99 per cent of themMusk has a dystopian view of the left’s influence on America, which helps explain his wild pursuit of Twitter to liberate free speech. He blames the fact that his teenage daughter no longer wants to be associated with him on the supposed takeover of elite schools and universities by neo-Marxists. “It’s full-on communism . . . and a general sentiment that if you’re rich, you’re evil,” says Musk. “It [the relationship] may change, but I have very good relationships with all the others [children]. Can’t win them all.“He also has a dim view of regulators, whom he sees as bureaucrats justifying their jobs by going after high-profile targets like him. He seems to be in a constant feud with one regulator or another, whether it’s over his own pronouncements or over the treatment of staff. Musk is unabashed about driving his employees hard. He was bullied as a child (and has also spoken of emotional abuse by his father) but is now sometimes accused of bullying others. He shoots back: if anyone is unhappy working for him, they should work elsewhere because “they’re not chained to the company, it’s voluntary”.Does he ever think he’s above the law? That’s utter nonsense, he tells me: “I’m subject to literally a million laws and regulations and I obey almost 99.99 per cent of them. It’s only when I think the law is contrary to the interest of the people that I have an issue.” I wonder if he means the interest of Elon Musk.There are some topics that amuse Musk, eliciting prolonged laughter, and other questions that are met with deliberate silence before he speaks. The longest silence follows my question about China and the risk to Tesla’s Shanghai factory, which produces between 30 per cent and 50 per cent of Tesla’s total production. Musk has been an admirer of as well as an investor in China. But he is not immune to the gathering US-China tensions or the risk of a Chinese takeover of Taiwan. Musk says Beijing has made clear its disapproval of his recent rollout of Starlink, SpaceX’s satellite communications system, in Ukraine to help the military circumvent Russia’s cut-off of the internet. He says Beijing sought assurances that he would not sell Starlink in China. Musk reckons that conflict over Taiwan is inevitable but he is quick to point out that he won’t be alone in suffering the consequences. Tesla will be caught up in any conflict, he says, though, curiously, he seems to assume that the Shanghai factory will still be able to supply to customers in China, but not anywhere else. “Apple would be in very deep trouble, that’s for sure . . . ” he adds, not to mention the global economy, which he estimates, with precision, will take a 30 per cent hit.It may be Musk’s realisation that business decisions can no longer be made without regard to security and geopolitics — or perhaps it’s simply an arrogant belief that he has all the answers — that now leads him to offer his own solutions to the world’s most complex geopolitical problems. “My recommendation . . . would be to figure out a special administrative zone for Taiwan that is reasonably palatable, probably won’t make everyone happy. And it’s possible, and I think probably, in fact, that they could have an arrangement that’s more lenient than Hong Kong.” I doubt his proposal will be taken up.On Ukraine too, he has advocated a compromise with Russia that has earned him ridicule in Kyiv, where Starlink had made him a hero until now. He launched his peace plan in a poll on Twitter and suggested that Crimea, which Russia invaded in 2014 and later annexed, should simply be given away to Russia. Volodymyr Zelenskyy, the Ukrainian president, shot back with his own Twitter poll: which Elon Musk do you like more, he asked, the one who supports Ukraine or the one who supports Russia?We are over an hour into dinner and Musk is in a hurry, having scheduled a call with his SpaceX team. We skip dessert and I ask for the bill, only to find out it’s already been settled by Musk’s security chief. Musk ignores my protestations that he is flouting Lunch with the FT convention: “You’re indebted to me for life,” he jokes. We head back to the car that is taking him to a private airport to board his jet and he suggests we continue our conversation on the way.I find X exactly where I left him, in his car seat, but he’s more cheerful after his nap. He is cooing as he watches videos of rockets on his iPad while his dad discusses rockets with his team. Suddenly, I notice that the car is driving itself, as if to dispel the doubts I had expressed about Tesla’s self-driving prospects. “It can get to the airport without intervention,” says Musk. Alarmed, I put my seatbelt on. Musk could be a magician, but he could also be wrong.MenuFonda San Miguel2330 W N Loop Blvd, Austin, Texas 78756House frozen margarita $10Modelo Especial beer $6House rocks margarita $10Spicy sauce $0.50Angels on horseback (shrimp with cheese) $18.95Cordero lamb chops $24.95Mixiote slow-cooked lamb $38.95Chile en nogada (chillies in a walnut sauce) $38.95Camarones crema chipotle (shrimp in a spicy chipotle sauce) $34.95Total inc tax $198.37","news_type":1},"isVote":1,"tweetType":1,"viewCount":457,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9914556354,"gmtCreate":1665326227478,"gmtModify":1676537587826,"author":{"id":"4104801378187350","authorId":"4104801378187350","name":"snowpine2005","avatar":"https://static.itradeup.com/news/30cc314b08db312a03020e5b08d11966","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4104801378187350","authorIdStr":"4104801378187350"},"themes":[],"htmlText":"ok","listText":"ok","text":"ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9914556354","repostId":"2274280347","repostType":2,"repost":{"id":"2274280347","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":1665281908,"share":"https://ttm.financial/m/news/2274280347?lang=&edition=fundamental","pubTime":"2022-10-09 10:18","market":"us","language":"en","title":"Why Stock-Market Bulls Keep Falling for Fed \"Pivot\" Feints -- and What It Will Take to Put in a Bottom","url":"https://stock-news.laohu8.com/highlight/detail?id=2274280347","media":"Dow Jones","summary":"Should you buy stocks now, or wait?Timing the market has been a nagging question for investors ever ","content":"<html><head></head><body><p>Should you buy stocks now, or wait?</p><p>Timing the market has been a nagging question for investors ever since stocks began their decline by roughly 25% in January of this year. The right answer likely hinges on whether or not the Federal Reserve follows through with plans to raise its benchmark interest rate to 4.5% or higher, as market-based indicators and the Fed&#39;s latest batch of projections anticipate.</p><p>Global markets are on edge about the possibility of an emerging-markets crisis resulting from higher interest rates and a U.S. dollar at a 20 year high, or a slump in the housing market due to rising mortgage rates, or the collapse of a financial institution due to the worst bond market chaos in a generation.</p><p>Fears that the Fed could cause something in the global economy or financial system to &#34;break&#34; have inspired some to question whether the Fed can successfully whip inflation by hiking interest rates by the most aggressive pace in decades without causing collateral damage.</p><p>The Fed&#39;s efforts are already whipsawing markets almost on a daily basis.</p><p>Ongoing volatility in markets makes it difficult to ascertain when buying opportunities might arrive, said Bill Sterling, the global strategist at GW&amp;K Investment Management.</p><h2>The peak in interest rates matters for stocks</h2><p>A look back at how the Fed has managed monetary policy compared with its own projections offers good reason to be skeptical of expectations surrounding when the Fed will shift back toward a policy of monetary easing.</p><p>It&#39;s important to remember that stocks have often reacted positively when the Fed has shifted back to cutting interest rates. Dating back to August 1984, the S&amp;P 500 indexhas risen on average more than 17% in the 12 months (see chart) that followed a peak in the fed-funds rate range, according toSterling at GW&amp;Kand Fed data.</p><p><img src=\"https://static.tigerbbs.com/75e8a987c0e4f62de3ba0cd8d5759ac7\" tg-width=\"700\" tg-height=\"478\" width=\"100%\" height=\"auto\"/></p><p>The chart also shows the Nasdaq Composite and Dow Jones Industrial Average rose sharply in the year after the Fed&#39;s brought interest rates to their peak levels in prior monetary policy tightening cycles over roughly the past 40 years.</p><p>The same holds true for bonds, which have historically outperformed after the Fed&#39;s interest rate hiking-cycle reached its apex. Sterling said yields historically retreated by, on average, one-fifth of their value, in the 12 months after Fed benchmark rates peaked.</p><p>Still a factor that differentiates modern times from the persistent inflation of the 1980s is the elevated level of geopolitical and macroeconomic uncertainty. As Tavi Costa, portfolio manager at Crescat Capital, said, the weakening U.S. economy, plus fears of a crisis breaking out somewhere in global markets, are complicating the outlook for monetary policy.</p><p>But as investors watch markets and economic data, Sterling said that &#34;backward-looking&#34; measures like the U.S. consumer-price index and the personal-consumption expenditures index, aren&#39;t nearly as helpful as &#34;forward looking&#34; gauges, like the breakeven spreads generated by Treasury inflation-protected securities, or survey data like the University of Michigan inflation expectations indicator.</p><p>&#34;The market is caught between these forward looking and encouraging signs that inflation could come off in the next year as seen in the [Treasury inflation-protected securities] yields,&#34; Sterling said.</p><p>Stocks kicked off the past week and fourth quarter with a two-day rally after major indexes ended Sept. 30 at their lowest since 2020. Those gains faded over the course of the week as Fed officials and economic data undercut investor expectations around a potential Fed &#34;pivot&#34; away from its program of aggressive interest-rate increases. Stocks ended the week higher, but with the Dow Jones Industrial Average  up just 2% from its Sept. 30 low, while the S&amp;P 500  trimmed its weekly rise to 1.5% and the Nasdaq Composite  advanced just 0.7%.</p><p>Minneapolis Fed President Neel Kashkari and Fed Governor Christopher Waller have said that policy makers have no intention of abandoning their interest-rate hiking plan, in what were only the latest round of hawkish comments made by senior Federal Reserve officials.</p><p>However, some on Wall Street are paying less attention to what senior Fed officials are saying and more attention to market-based indicators like Treasury spreads, relative moves in sovereign bond yields, and credit-default spreads, including those of Credit Suisse Inc. (CSGN.EB).</p><p>Costa at Crescat Capital said he sees a growing &#34;disconnect&#34; between the state of markets and the Fed&#39;s aggressive rhetoric, with the odds of a crash growing by the day.</p><p>Because of this, he&#39;s waiting for &#34;the other shoe to drop,&#34; which could be an important turning point for markets.</p><p>He anticipates a blowup will finally force the Fed and other global central banks to back off their policy-tightening agenda, like the Bank of England briefly did last month when it decided to inject billions of dollars of liquidity into the gilts market -- although the BoE is preparing to continue raising interest rates to battle inflation</p><p>But before that happens, he expects trading in fixed-income to become as disorderly as it was during the spring of 2020, when the Fed was forced to intervene to avert a bond market collapse at the onset of the coronavirus pandemic.</p><p>&#34;Just look at the differential between Treasury yields compared with junk-bond yields. We have yet to see that spike driven by default risk, which is a sign of a totally dysfunctional market,&#34; Costa said.</p><p>See: Cracks in financial markets fuel debate on whether the next crisis is inevitable</p><p>A simple look in the rearview mirror shows that the Fed&#39;s plans for interest-rate hikes rarely pan out like the central bank expects. Take the last year for example.</p><p>The median projection for the level of the fed-funds rate in September 2021 was just 30 basis points one year ago, according to the Fed&#39;s survey of projections. Turns out, those projections were off by nearly three whole percentage points.</p><p>&#34;Don&#39;t take the Federal Reserve at its word when trying to anticipate the direction of Fed policy over the next year,&#34; Sterling said.</p><h2>Looking ahead to next week</h2><p>Looking ahead to next week, investors will receive some more insight into the state of the U.S. economy, and, by extension, the Fed&#39;s thinking.</p><p>U.S. inflation data will be front and center for markets, with the September consumer-price index due on Thursday. On Friday investors will receive an update from the University of Michigan&#39;s on consumer sentiment survey and its inflation expectations survey.</p><p>The inflation data will be scrutinized especially closely as investors grapple with signs that the U.S. labor market may indeed be starting to weaken, according to Krishna Guha and Peter Williams, two U.S. economists at Evercore ISI.</p><p>The September jobs report on Friday showed the U.S. economy gained 263,000 jobs last month, with the unemployment rate falling to 3.55 to 3.7%, but job growth slowed from 537,000 in July, and 315, 000 in August.</p><p>But will inflation show signs of peaking or slowing its rise? Many fear that the crude oil production-quota cuts imposed by OPEC+ earlier this week could push prices higher later in the year.</p><p>Meanwhile, the Fed funds futures market, which allows investors to place bets on the pace of Fed interest rate hikes, anticipates another 75 basis-point rate hike on Nov. 3.</p><p>Beyond that, traders expect the fed-funds rate will top out in February or March at 4.75%, according to the Fed&#39;s FedWatch tool.</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>Why Stock-Market Bulls Keep Falling for Fed \"Pivot\" Feints -- and What It Will Take to Put in a Bottom</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 Stock-Market Bulls Keep Falling for Fed \"Pivot\" Feints -- and What It Will Take to Put in a Bottom\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\">2022-10-09 10:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Should you buy stocks now, or wait?</p><p>Timing the market has been a nagging question for investors ever since stocks began their decline by roughly 25% in January of this year. The right answer likely hinges on whether or not the Federal Reserve follows through with plans to raise its benchmark interest rate to 4.5% or higher, as market-based indicators and the Fed&#39;s latest batch of projections anticipate.</p><p>Global markets are on edge about the possibility of an emerging-markets crisis resulting from higher interest rates and a U.S. dollar at a 20 year high, or a slump in the housing market due to rising mortgage rates, or the collapse of a financial institution due to the worst bond market chaos in a generation.</p><p>Fears that the Fed could cause something in the global economy or financial system to &#34;break&#34; have inspired some to question whether the Fed can successfully whip inflation by hiking interest rates by the most aggressive pace in decades without causing collateral damage.</p><p>The Fed&#39;s efforts are already whipsawing markets almost on a daily basis.</p><p>Ongoing volatility in markets makes it difficult to ascertain when buying opportunities might arrive, said Bill Sterling, the global strategist at GW&amp;K Investment Management.</p><h2>The peak in interest rates matters for stocks</h2><p>A look back at how the Fed has managed monetary policy compared with its own projections offers good reason to be skeptical of expectations surrounding when the Fed will shift back toward a policy of monetary easing.</p><p>It&#39;s important to remember that stocks have often reacted positively when the Fed has shifted back to cutting interest rates. Dating back to August 1984, the S&amp;P 500 indexhas risen on average more than 17% in the 12 months (see chart) that followed a peak in the fed-funds rate range, according toSterling at GW&amp;Kand Fed data.</p><p><img src=\"https://static.tigerbbs.com/75e8a987c0e4f62de3ba0cd8d5759ac7\" tg-width=\"700\" tg-height=\"478\" width=\"100%\" height=\"auto\"/></p><p>The chart also shows the Nasdaq Composite and Dow Jones Industrial Average rose sharply in the year after the Fed&#39;s brought interest rates to their peak levels in prior monetary policy tightening cycles over roughly the past 40 years.</p><p>The same holds true for bonds, which have historically outperformed after the Fed&#39;s interest rate hiking-cycle reached its apex. Sterling said yields historically retreated by, on average, one-fifth of their value, in the 12 months after Fed benchmark rates peaked.</p><p>Still a factor that differentiates modern times from the persistent inflation of the 1980s is the elevated level of geopolitical and macroeconomic uncertainty. As Tavi Costa, portfolio manager at Crescat Capital, said, the weakening U.S. economy, plus fears of a crisis breaking out somewhere in global markets, are complicating the outlook for monetary policy.</p><p>But as investors watch markets and economic data, Sterling said that &#34;backward-looking&#34; measures like the U.S. consumer-price index and the personal-consumption expenditures index, aren&#39;t nearly as helpful as &#34;forward looking&#34; gauges, like the breakeven spreads generated by Treasury inflation-protected securities, or survey data like the University of Michigan inflation expectations indicator.</p><p>&#34;The market is caught between these forward looking and encouraging signs that inflation could come off in the next year as seen in the [Treasury inflation-protected securities] yields,&#34; Sterling said.</p><p>Stocks kicked off the past week and fourth quarter with a two-day rally after major indexes ended Sept. 30 at their lowest since 2020. Those gains faded over the course of the week as Fed officials and economic data undercut investor expectations around a potential Fed &#34;pivot&#34; away from its program of aggressive interest-rate increases. Stocks ended the week higher, but with the Dow Jones Industrial Average  up just 2% from its Sept. 30 low, while the S&amp;P 500  trimmed its weekly rise to 1.5% and the Nasdaq Composite  advanced just 0.7%.</p><p>Minneapolis Fed President Neel Kashkari and Fed Governor Christopher Waller have said that policy makers have no intention of abandoning their interest-rate hiking plan, in what were only the latest round of hawkish comments made by senior Federal Reserve officials.</p><p>However, some on Wall Street are paying less attention to what senior Fed officials are saying and more attention to market-based indicators like Treasury spreads, relative moves in sovereign bond yields, and credit-default spreads, including those of Credit Suisse Inc. (CSGN.EB).</p><p>Costa at Crescat Capital said he sees a growing &#34;disconnect&#34; between the state of markets and the Fed&#39;s aggressive rhetoric, with the odds of a crash growing by the day.</p><p>Because of this, he&#39;s waiting for &#34;the other shoe to drop,&#34; which could be an important turning point for markets.</p><p>He anticipates a blowup will finally force the Fed and other global central banks to back off their policy-tightening agenda, like the Bank of England briefly did last month when it decided to inject billions of dollars of liquidity into the gilts market -- although the BoE is preparing to continue raising interest rates to battle inflation</p><p>But before that happens, he expects trading in fixed-income to become as disorderly as it was during the spring of 2020, when the Fed was forced to intervene to avert a bond market collapse at the onset of the coronavirus pandemic.</p><p>&#34;Just look at the differential between Treasury yields compared with junk-bond yields. We have yet to see that spike driven by default risk, which is a sign of a totally dysfunctional market,&#34; Costa said.</p><p>See: Cracks in financial markets fuel debate on whether the next crisis is inevitable</p><p>A simple look in the rearview mirror shows that the Fed&#39;s plans for interest-rate hikes rarely pan out like the central bank expects. Take the last year for example.</p><p>The median projection for the level of the fed-funds rate in September 2021 was just 30 basis points one year ago, according to the Fed&#39;s survey of projections. Turns out, those projections were off by nearly three whole percentage points.</p><p>&#34;Don&#39;t take the Federal Reserve at its word when trying to anticipate the direction of Fed policy over the next year,&#34; Sterling said.</p><h2>Looking ahead to next week</h2><p>Looking ahead to next week, investors will receive some more insight into the state of the U.S. economy, and, by extension, the Fed&#39;s thinking.</p><p>U.S. inflation data will be front and center for markets, with the September consumer-price index due on Thursday. On Friday investors will receive an update from the University of Michigan&#39;s on consumer sentiment survey and its inflation expectations survey.</p><p>The inflation data will be scrutinized especially closely as investors grapple with signs that the U.S. labor market may indeed be starting to weaken, according to Krishna Guha and Peter Williams, two U.S. economists at Evercore ISI.</p><p>The September jobs report on Friday showed the U.S. economy gained 263,000 jobs last month, with the unemployment rate falling to 3.55 to 3.7%, but job growth slowed from 537,000 in July, and 315, 000 in August.</p><p>But will inflation show signs of peaking or slowing its rise? Many fear that the crude oil production-quota cuts imposed by OPEC+ earlier this week could push prices higher later in the year.</p><p>Meanwhile, the Fed funds futures market, which allows investors to place bets on the pace of Fed interest rate hikes, anticipates another 75 basis-point rate hike on Nov. 3.</p><p>Beyond that, traders expect the fed-funds rate will top out in February or March at 4.75%, according to the Fed&#39;s FedWatch tool.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BK4552":"Archegos爆仓风波概念","BK4118":"综合性资本市场"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2274280347","content_text":"Should you buy stocks now, or wait?Timing the market has been a nagging question for investors ever since stocks began their decline by roughly 25% in January of this year. The right answer likely hinges on whether or not the Federal Reserve follows through with plans to raise its benchmark interest rate to 4.5% or higher, as market-based indicators and the Fed's latest batch of projections anticipate.Global markets are on edge about the possibility of an emerging-markets crisis resulting from higher interest rates and a U.S. dollar at a 20 year high, or a slump in the housing market due to rising mortgage rates, or the collapse of a financial institution due to the worst bond market chaos in a generation.Fears that the Fed could cause something in the global economy or financial system to \"break\" have inspired some to question whether the Fed can successfully whip inflation by hiking interest rates by the most aggressive pace in decades without causing collateral damage.The Fed's efforts are already whipsawing markets almost on a daily basis.Ongoing volatility in markets makes it difficult to ascertain when buying opportunities might arrive, said Bill Sterling, the global strategist at GW&K Investment Management.The peak in interest rates matters for stocksA look back at how the Fed has managed monetary policy compared with its own projections offers good reason to be skeptical of expectations surrounding when the Fed will shift back toward a policy of monetary easing.It's important to remember that stocks have often reacted positively when the Fed has shifted back to cutting interest rates. Dating back to August 1984, the S&P 500 indexhas risen on average more than 17% in the 12 months (see chart) that followed a peak in the fed-funds rate range, according toSterling at GW&Kand Fed data.The chart also shows the Nasdaq Composite and Dow Jones Industrial Average rose sharply in the year after the Fed's brought interest rates to their peak levels in prior monetary policy tightening cycles over roughly the past 40 years.The same holds true for bonds, which have historically outperformed after the Fed's interest rate hiking-cycle reached its apex. Sterling said yields historically retreated by, on average, one-fifth of their value, in the 12 months after Fed benchmark rates peaked.Still a factor that differentiates modern times from the persistent inflation of the 1980s is the elevated level of geopolitical and macroeconomic uncertainty. As Tavi Costa, portfolio manager at Crescat Capital, said, the weakening U.S. economy, plus fears of a crisis breaking out somewhere in global markets, are complicating the outlook for monetary policy.But as investors watch markets and economic data, Sterling said that \"backward-looking\" measures like the U.S. consumer-price index and the personal-consumption expenditures index, aren't nearly as helpful as \"forward looking\" gauges, like the breakeven spreads generated by Treasury inflation-protected securities, or survey data like the University of Michigan inflation expectations indicator.\"The market is caught between these forward looking and encouraging signs that inflation could come off in the next year as seen in the [Treasury inflation-protected securities] yields,\" Sterling said.Stocks kicked off the past week and fourth quarter with a two-day rally after major indexes ended Sept. 30 at their lowest since 2020. Those gains faded over the course of the week as Fed officials and economic data undercut investor expectations around a potential Fed \"pivot\" away from its program of aggressive interest-rate increases. Stocks ended the week higher, but with the Dow Jones Industrial Average  up just 2% from its Sept. 30 low, while the S&P 500  trimmed its weekly rise to 1.5% and the Nasdaq Composite  advanced just 0.7%.Minneapolis Fed President Neel Kashkari and Fed Governor Christopher Waller have said that policy makers have no intention of abandoning their interest-rate hiking plan, in what were only the latest round of hawkish comments made by senior Federal Reserve officials.However, some on Wall Street are paying less attention to what senior Fed officials are saying and more attention to market-based indicators like Treasury spreads, relative moves in sovereign bond yields, and credit-default spreads, including those of Credit Suisse Inc. (CSGN.EB).Costa at Crescat Capital said he sees a growing \"disconnect\" between the state of markets and the Fed's aggressive rhetoric, with the odds of a crash growing by the day.Because of this, he's waiting for \"the other shoe to drop,\" which could be an important turning point for markets.He anticipates a blowup will finally force the Fed and other global central banks to back off their policy-tightening agenda, like the Bank of England briefly did last month when it decided to inject billions of dollars of liquidity into the gilts market -- although the BoE is preparing to continue raising interest rates to battle inflationBut before that happens, he expects trading in fixed-income to become as disorderly as it was during the spring of 2020, when the Fed was forced to intervene to avert a bond market collapse at the onset of the coronavirus pandemic.\"Just look at the differential between Treasury yields compared with junk-bond yields. We have yet to see that spike driven by default risk, which is a sign of a totally dysfunctional market,\" Costa said.See: Cracks in financial markets fuel debate on whether the next crisis is inevitableA simple look in the rearview mirror shows that the Fed's plans for interest-rate hikes rarely pan out like the central bank expects. Take the last year for example.The median projection for the level of the fed-funds rate in September 2021 was just 30 basis points one year ago, according to the Fed's survey of projections. Turns out, those projections were off by nearly three whole percentage points.\"Don't take the Federal Reserve at its word when trying to anticipate the direction of Fed policy over the next year,\" Sterling said.Looking ahead to next weekLooking ahead to next week, investors will receive some more insight into the state of the U.S. economy, and, by extension, the Fed's thinking.U.S. inflation data will be front and center for markets, with the September consumer-price index due on Thursday. On Friday investors will receive an update from the University of Michigan's on consumer sentiment survey and its inflation expectations survey.The inflation data will be scrutinized especially closely as investors grapple with signs that the U.S. labor market may indeed be starting to weaken, according to Krishna Guha and Peter Williams, two U.S. economists at Evercore ISI.The September jobs report on Friday showed the U.S. economy gained 263,000 jobs last month, with the unemployment rate falling to 3.55 to 3.7%, but job growth slowed from 537,000 in July, and 315, 000 in August.But will inflation show signs of peaking or slowing its rise? Many fear that the crude oil production-quota cuts imposed by OPEC+ earlier this week could push prices higher later in the year.Meanwhile, the Fed funds futures market, which allows investors to place bets on the pace of Fed interest rate hikes, anticipates another 75 basis-point rate hike on Nov. 3.Beyond that, traders expect the fed-funds rate will top out in February or March at 4.75%, according to the Fed's FedWatch tool.","news_type":1},"isVote":1,"tweetType":1,"viewCount":340,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9912225801,"gmtCreate":1664843536604,"gmtModify":1676537517075,"author":{"id":"4104801378187350","authorId":"4104801378187350","name":"snowpine2005","avatar":"https://static.itradeup.com/news/30cc314b08db312a03020e5b08d11966","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4104801378187350","authorIdStr":"4104801378187350"},"themes":[],"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9912225801","repostId":"1124410442","repostType":2,"isVote":1,"tweetType":1,"viewCount":345,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9912353127,"gmtCreate":1664760133169,"gmtModify":1676537503438,"author":{"id":"4104801378187350","authorId":"4104801378187350","name":"snowpine2005","avatar":"https://static.itradeup.com/news/30cc314b08db312a03020e5b08d11966","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4104801378187350","authorIdStr":"4104801378187350"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9912353127","repostId":"1181872738","repostType":2,"repost":{"id":"1181872738","pubTimestamp":1664751653,"share":"https://ttm.financial/m/news/1181872738?lang=&edition=fundamental","pubTime":"2022-10-03 07:00","market":"us","language":"en","title":"Q4 Kicks off Amid Volatility, Jobs Report in Focus: What to Know This Week","url":"https://stock-news.laohu8.com/highlight/detail?id=1181872738","media":"Yahoo Finance","summary":"The latest monthly jobs report is this week’s headline event as battered and bruised investors barre","content":"<html><head></head><body><p>The latest monthly jobs report is this week’s headline event as battered and bruised investors barrel into a new month and quarter writhing from a vicious downtrend that has plagued the year.</p><p><img src=\"https://static.tigerbbs.com/e13c744516b1471c295a870f510c9ac1\" tg-width=\"1080\" tg-height=\"1920\" width=\"100%\" height=\"auto\"/>On Friday, the S&amp;P 500 and Nasdaq Composite closed out a three-quarter losing streak for the first time since the 2008 Global Financial Crisis. The Dow Jones Industrial Average also posted a third-straight losing quarter, its first such time since 2015.</p><p>At 269 days and counting, the benchmark S&amp;P 500 is now in its longest correction, peak to trough, since March 2009, according to figures from Compound Advisors’ Charlie Bilello. The current 8-month bear market is the longest since 2007-2009’s downturn, with the average length of a bear market since 1929 standing at 14 months.</p><p>A survey by the American Association of Individual Investors showed 60% of retail investors hold a bearish view of the stock market, the highest level since 2008 and the eighth most pessimistic reading in the 35 years the survey has been conducted.</p><p>The Labor Department’s September employment data is set for release at 8:30 a.m. ET on Friday morning. Economists expect nonfarm payrolls rose by 250,000 last month, per consensus estimates from Bloomberg. If realized, the figure would mark an anticipated moderation for Federal Reserve policymakers trying to tamp down the labor market in their battle against inflation – but not enough for officials to scale back on their rate hiking plans.</p><p>Strong labor market readings have stoked worries that Fed officials will stay on path with aggressive rate hikes and over tighten monetary conditions. And while strategists anticipated the impact of rate hikes showing up in employment data, figures have so far surprised to the upside. On Thursday, Labor Department data showed initial jobless claims slid to 193,000, the lowest since April, for the week that ended on Sept. 24.</p><p>Analysts at Bank of America said in a Friday note they expect strong payroll growth to continue, with indicators of labor market activity — like initial jobless claims and the Conference Board&#39;s labor market differential — that feed into the institutions projections remaining red-hot since August’s report.</p><p>“Investors are hunting for confirmation bias that inflation is abating but strong jobs data has dashed all hopes,” Thornburg Investment Management portfolio manager Sean Sun said in emailed commentary.</p><p>“While there are some signs of disinflation out there, the strong jobless claims data is as if the Fed is trying to step on the brakes of a car that still hurtling downhill at a steep angle,” Sun added. “Investors shouldn&#39;t ask if the Fed will pivot, but rather how deep into the recession we&#39;ll find ourselves before they finally act.”</p><p>Other labor market readings due out through Friday include the ADP’s employment report, which measures levels of non-farm private employment, the Job Openings and Labor Turnover Survey (JOLTS), and the Challenger Job-Cut report, which offers information on the number of tracked corporate layoffs by industry and region.</p><p>Elsewhere in economic releases on the docket this week are ISM manufacturing and services data, construction spending figures, and a reading on total vehicle sales.</p><p>The corporate calendar will be light before a new earnings season gets underway, but some notable names on the docket include Constellation Brands (STZ), Levi Strauss (LEVI), and McCormick (MKC).</p><p>After a brutal September — worse for the Dow than even September 2008 — some Wall Street optimists look ahead to October, which based on seasonal trends has been dubbed a “bear-market killer” due to historically strong returns, especially in midterm election years. Every time the S&amp;P 500 has dropped 7% or more in September, stocks have done well in October, Carson Group’s Ryan Detrick noted.</p><p>However, even if markets get a reprieve, a high-stakes earnings season is likely to prove any bounce fleeting, with analysts rushing to slash their year-end forecasts amid worsening fundamentals tied to persistent inflation, rising interest rates, and slowing growth.</p><p>“Now I think for us it’s not about inflation and central banks; it’s about earnings,” Luca Paolini, chief strategist at Pictet Asset Management, told Yahoo Finance Live. “The focus will be on earnings because we’re going from a moderation shock, with higher interest rates, to a growth shock. This is where we feel more worried, and next earnings season is going to be really critical.”</p><p>—</p><p>Economic Calendar</p><p>Monday: S&amp;P Global U.S. Manufacturing PMI, September final (51.8 expected, 51.8 during prior month); Construction Spending, month-over-month, August (-0.2% expected, -0.4% during prior month); ISM Manufacturing, September (52.1 expected, 52.8 during prior month); ISM Prices Paid, September (52.0 expected, 52.5 prior month); ISM New Orders, September (50.5 expected, 51.3 during prior month); ISM Employment, September (53.0 expected, 54.2 during prior month); WARDS Total Vehicle Sales, September (13.50 million expected, 13.18 million prior month)</p><p>Tuesday: Factory Orders Excluding Transportation, August (0.2% expected, -1.0% during prior month); Factory Orders, August (0.2 expected, -1.1% during prior month); Durable Goods Orders, August final (-0.2% during prior month); Durables Excluding Transportation, August final (0.2% during prior month); Non-defense Capital Goods Orders Excluding aircraft, August final (1.3% during prior month); Non-defense Capital Goods Shipments Excluding Aircraft, August final (0.3% during prior month); JOLTS Job Openings, August (11.075 million expected, 11.239 million during prior month)</p><p>Wednesday: MBA Mortgage Applications, week ended Sep. 30 (-3.7% during prior week); ADP Employment Change, September (200,000 expected, 132,000 during prior month); Trade Balance, August (-$68.0 billion expected, -$70.7 billion during prior month); S&amp;P Global U.S. Services PMI, September final (49.2 expected, 49.2 during prior month); S&amp;P Global U.S. Composite PMI, September final (49.3 expected, 49.3 during prior month); ISM Services Index, September (56.0 expected, 56.9 during prior month)</p><p>Thursday: Challenger Job Cuts, year-over-year, September (30.3% during prior month); Initial Jobless Claims, week ended Oct. 1 (203,000 expected, 193,000 during prior week); Continuing Claims, week ended Sep. 24 (1.387 million expected, 1.347 million during prior week)</p><p>Friday: Two-Month Payroll Net Revision, September (-107,000 prior); Change in Nonfarm Payrolls, September (250,000 expected, 315,000 during prior month); Change in Private Payrolls, September (275,000 expected, 308,000 during prior month); Change in Manufacturing Payrolls, September (20,000 expected, 22,000 during prior month); Unemployment Rate, September (3.7% expected, 3.7% during prior month); Average Hourly Earnings, month-over-month, September (0.3% expected, 0.3% during prior month); Average Hourly Earnings, year-over-year, September (5.1% expected, 5.2% prior month); Average Weekly Hours All Employees, September (34.5 expected, 34.5 during prior month); Labor Force Participation Rate, September (62.4% expected, 62.4% during prior month); Underemployment Rate, September (7.0% prior month); Wholesale Inventories, month-over-month, August final (1.3% expected, 1.3% during prior month); Wholesale Trade Sales, month-over-month, August (0.5% expected, -1.4% during prior month)</p><p>—</p><p>Earnings Calendar</p><p>Monday: No notable reports scheduled for release.</p><p>Tuesday: Acuity Brands (AYI)</p><p>Wednesday: Helen of Troy (HELE)</p><p>Thursday: AngioDynamics (ANGO), Conagra (CAG), Constellation Brands (STZ), Levi Strauss (LEVI), McCormick (MKC)</p><p>Friday: Tilray (TLRY)</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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\">\nQ4 Kicks off Amid Volatility, Jobs Report in Focus: What to Know This Week\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-10-03 07:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/stock-market-week-ahead-september-jobs-report-volatility-economy-145141301.html><strong>Yahoo Finance</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The latest monthly jobs report is this week’s headline event as battered and bruised investors barrel into a new month and quarter writhing from a vicious downtrend that has plagued the year.On Friday...</p>\n\n<a href=\"https://finance.yahoo.com/news/stock-market-week-ahead-september-jobs-report-volatility-economy-145141301.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite"},"source_url":"https://finance.yahoo.com/news/stock-market-week-ahead-september-jobs-report-volatility-economy-145141301.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1181872738","content_text":"The latest monthly jobs report is this week’s headline event as battered and bruised investors barrel into a new month and quarter writhing from a vicious downtrend that has plagued the year.On Friday, the S&P 500 and Nasdaq Composite closed out a three-quarter losing streak for the first time since the 2008 Global Financial Crisis. The Dow Jones Industrial Average also posted a third-straight losing quarter, its first such time since 2015.At 269 days and counting, the benchmark S&P 500 is now in its longest correction, peak to trough, since March 2009, according to figures from Compound Advisors’ Charlie Bilello. The current 8-month bear market is the longest since 2007-2009’s downturn, with the average length of a bear market since 1929 standing at 14 months.A survey by the American Association of Individual Investors showed 60% of retail investors hold a bearish view of the stock market, the highest level since 2008 and the eighth most pessimistic reading in the 35 years the survey has been conducted.The Labor Department’s September employment data is set for release at 8:30 a.m. ET on Friday morning. Economists expect nonfarm payrolls rose by 250,000 last month, per consensus estimates from Bloomberg. If realized, the figure would mark an anticipated moderation for Federal Reserve policymakers trying to tamp down the labor market in their battle against inflation – but not enough for officials to scale back on their rate hiking plans.Strong labor market readings have stoked worries that Fed officials will stay on path with aggressive rate hikes and over tighten monetary conditions. And while strategists anticipated the impact of rate hikes showing up in employment data, figures have so far surprised to the upside. On Thursday, Labor Department data showed initial jobless claims slid to 193,000, the lowest since April, for the week that ended on Sept. 24.Analysts at Bank of America said in a Friday note they expect strong payroll growth to continue, with indicators of labor market activity — like initial jobless claims and the Conference Board's labor market differential — that feed into the institutions projections remaining red-hot since August’s report.“Investors are hunting for confirmation bias that inflation is abating but strong jobs data has dashed all hopes,” Thornburg Investment Management portfolio manager Sean Sun said in emailed commentary.“While there are some signs of disinflation out there, the strong jobless claims data is as if the Fed is trying to step on the brakes of a car that still hurtling downhill at a steep angle,” Sun added. “Investors shouldn't ask if the Fed will pivot, but rather how deep into the recession we'll find ourselves before they finally act.”Other labor market readings due out through Friday include the ADP’s employment report, which measures levels of non-farm private employment, the Job Openings and Labor Turnover Survey (JOLTS), and the Challenger Job-Cut report, which offers information on the number of tracked corporate layoffs by industry and region.Elsewhere in economic releases on the docket this week are ISM manufacturing and services data, construction spending figures, and a reading on total vehicle sales.The corporate calendar will be light before a new earnings season gets underway, but some notable names on the docket include Constellation Brands (STZ), Levi Strauss (LEVI), and McCormick (MKC).After a brutal September — worse for the Dow than even September 2008 — some Wall Street optimists look ahead to October, which based on seasonal trends has been dubbed a “bear-market killer” due to historically strong returns, especially in midterm election years. Every time the S&P 500 has dropped 7% or more in September, stocks have done well in October, Carson Group’s Ryan Detrick noted.However, even if markets get a reprieve, a high-stakes earnings season is likely to prove any bounce fleeting, with analysts rushing to slash their year-end forecasts amid worsening fundamentals tied to persistent inflation, rising interest rates, and slowing growth.“Now I think for us it’s not about inflation and central banks; it’s about earnings,” Luca Paolini, chief strategist at Pictet Asset Management, told Yahoo Finance Live. “The focus will be on earnings because we’re going from a moderation shock, with higher interest rates, to a growth shock. This is where we feel more worried, and next earnings season is going to be really critical.”—Economic CalendarMonday: S&P Global U.S. Manufacturing PMI, September final (51.8 expected, 51.8 during prior month); Construction Spending, month-over-month, August (-0.2% expected, -0.4% during prior month); ISM Manufacturing, September (52.1 expected, 52.8 during prior month); ISM Prices Paid, September (52.0 expected, 52.5 prior month); ISM New Orders, September (50.5 expected, 51.3 during prior month); ISM Employment, September (53.0 expected, 54.2 during prior month); WARDS Total Vehicle Sales, September (13.50 million expected, 13.18 million prior month)Tuesday: Factory Orders Excluding Transportation, August (0.2% expected, -1.0% during prior month); Factory Orders, August (0.2 expected, -1.1% during prior month); Durable Goods Orders, August final (-0.2% during prior month); Durables Excluding Transportation, August final (0.2% during prior month); Non-defense Capital Goods Orders Excluding aircraft, August final (1.3% during prior month); Non-defense Capital Goods Shipments Excluding Aircraft, August final (0.3% during prior month); JOLTS Job Openings, August (11.075 million expected, 11.239 million during prior month)Wednesday: MBA Mortgage Applications, week ended Sep. 30 (-3.7% during prior week); ADP Employment Change, September (200,000 expected, 132,000 during prior month); Trade Balance, August (-$68.0 billion expected, -$70.7 billion during prior month); S&P Global U.S. Services PMI, September final (49.2 expected, 49.2 during prior month); S&P Global U.S. Composite PMI, September final (49.3 expected, 49.3 during prior month); ISM Services Index, September (56.0 expected, 56.9 during prior month)Thursday: Challenger Job Cuts, year-over-year, September (30.3% during prior month); Initial Jobless Claims, week ended Oct. 1 (203,000 expected, 193,000 during prior week); Continuing Claims, week ended Sep. 24 (1.387 million expected, 1.347 million during prior week)Friday: Two-Month Payroll Net Revision, September (-107,000 prior); Change in Nonfarm Payrolls, September (250,000 expected, 315,000 during prior month); Change in Private Payrolls, September (275,000 expected, 308,000 during prior month); Change in Manufacturing Payrolls, September (20,000 expected, 22,000 during prior month); Unemployment Rate, September (3.7% expected, 3.7% during prior month); Average Hourly Earnings, month-over-month, September (0.3% expected, 0.3% during prior month); Average Hourly Earnings, year-over-year, September (5.1% expected, 5.2% prior month); Average Weekly Hours All Employees, September (34.5 expected, 34.5 during prior month); Labor Force Participation Rate, September (62.4% expected, 62.4% during prior month); Underemployment Rate, September (7.0% prior month); Wholesale Inventories, month-over-month, August final (1.3% expected, 1.3% during prior month); Wholesale Trade Sales, month-over-month, August (0.5% expected, -1.4% during prior month)—Earnings CalendarMonday: No notable reports scheduled for release.Tuesday: Acuity Brands (AYI)Wednesday: Helen of Troy (HELE)Thursday: AngioDynamics (ANGO), Conagra (CAG), Constellation Brands (STZ), Levi Strauss (LEVI), McCormick (MKC)Friday: Tilray (TLRY)","news_type":1},"isVote":1,"tweetType":1,"viewCount":327,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}