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2021-05-12
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Should We Fear, Inflation Is Here<blockquote>我们应该害怕吗,通货膨胀来了</blockquote>
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Tech in","content":"<p>It’s becoming hard to ignore inflationary pressures, whether one is a central banker or not. Tech investors are taking notice with Monday’s Nasdaq 100 slump the largest since mid-March, while China’s producer prices accelerated overnight. VIX futures are higher with broad risk aversion setting up for European equities to catch up to the late downbeat U.S. session.</p><p><blockquote>无论一个人是否是央行行长,都很难忽视通胀压力。科技投资者正在关注周一纳斯达克100指数创下3月中旬以来最大跌幅,而中国生产者价格隔夜加速上涨。VIX期货走高,因欧洲股市普遍避险情绪升温,赶上美国股市尾盘的悲观行情。</blockquote></p><p> At least investor jitters that rising inflation could lift bond yields, and sap equities’ appeal could take comfort from real yields. The 10-year U.S. inflation-adjusted benchmark tumbled to three-month lows, keeping nominal yields in check as breakevens jumped to multi-year highs.</p><p><blockquote>至少投资者担心通胀上升可能会提高债券收益率,而sap股票的吸引力可能会从实际收益率中得到安慰。美国10年期通胀调整基准指数跌至三个月低点,随着盈亏平衡点跃升至多年高点,名义收益率受到抑制。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e8047b97c104b947668ce19b34f7fd4a\" tg-width=\"1259\" tg-height=\"716\"></p><p><blockquote></blockquote></p><p> Financial conditions reached another record, while evidence of stocks’ rotation remains: S&P 500 energy and financials advanced over the past 5 sessions, value is outperforming growth –- particularly in Europe -- and the RTY/NDX is well, steady –- much like 10-year nominal yields around 1.60%.</p><p><blockquote>金融状况再创新高,而股票轮动的证据依然存在:标普500能源和金融股在过去5个交易日中上涨,价值跑赢增长——尤其是在欧洲——RTY/NDX表现良好、稳定——很像10年名义收益率约为1.60%。</blockquote></p><p> U.S. labor market frictions look to be adding to inflation fears, with JOLTs data, a leading indicator of hiring, likely to signal workers’ growing pricing power. And the NFIB small business optimism will be watched today for supply side constraints –- last month, job openings that were “hard to fill” reached at least a four-decade high. Of course, labor market dislocations remain and a handful of Fed speakers today will no doubt look to assuage inflation fears and discount near-term tapering risks. Not like Bill Dudley.</p><p><blockquote>美国劳动力市场摩擦似乎加剧了通胀担忧,JOLTs数据是招聘的领先指标,可能表明工人的定价能力不断增强。NFIB小企业乐观情绪今天将因供应方面的限制而受到关注——上个月,“难以填补”的职位空缺达到了至少四年来的最高水平。当然,劳动力市场的混乱仍然存在,今天的一些美联储发言人无疑会寻求缓解通胀担忧并淡化近期缩减购债规模的风险。不像比尔·达德利。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/98df6b5f32251d558127766afc21fad8\" tg-width=\"1257\" tg-height=\"710\"></p><p><blockquote></blockquote></p><p> Whether the Fed falls too far behind the curve remains up for debate. Markets, on the other hand, aren’t as comfortable looking through transitory inflation as evidence builds and expectations climb -- that could become a self-fulfilling prophecy after all.</p><p><blockquote>美联储是否落后太多仍有待商榷。另一方面,随着证据的积累和预期的攀升,市场对暂时性通胀的看法并不那么舒服——这毕竟可能成为一个自我实现的预言。</blockquote></p><p></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>Should We Fear, Inflation Is Here<blockquote>我们应该害怕吗,通货膨胀来了</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nShould We Fear, Inflation Is Here<blockquote>我们应该害怕吗,通货膨胀来了</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-05-11 23:11</span>\n</p>\n</h4>\n</header>\n<article>\n<p>It’s becoming hard to ignore inflationary pressures, whether one is a central banker or not. Tech investors are taking notice with Monday’s Nasdaq 100 slump the largest since mid-March, while China’s producer prices accelerated overnight. VIX futures are higher with broad risk aversion setting up for European equities to catch up to the late downbeat U.S. session.</p><p><blockquote>无论一个人是否是央行行长,都很难忽视通胀压力。科技投资者正在关注周一纳斯达克100指数创下3月中旬以来最大跌幅,而中国生产者价格隔夜加速上涨。VIX期货走高,因欧洲股市普遍避险情绪升温,赶上美国股市尾盘的悲观行情。</blockquote></p><p> At least investor jitters that rising inflation could lift bond yields, and sap equities’ appeal could take comfort from real yields. The 10-year U.S. inflation-adjusted benchmark tumbled to three-month lows, keeping nominal yields in check as breakevens jumped to multi-year highs.</p><p><blockquote>至少投资者担心通胀上升可能会提高债券收益率,而sap股票的吸引力可能会从实际收益率中得到安慰。美国10年期通胀调整基准指数跌至三个月低点,随着盈亏平衡点跃升至多年高点,名义收益率受到抑制。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e8047b97c104b947668ce19b34f7fd4a\" tg-width=\"1259\" tg-height=\"716\"></p><p><blockquote></blockquote></p><p> Financial conditions reached another record, while evidence of stocks’ rotation remains: S&P 500 energy and financials advanced over the past 5 sessions, value is outperforming growth –- particularly in Europe -- and the RTY/NDX is well, steady –- much like 10-year nominal yields around 1.60%.</p><p><blockquote>金融状况再创新高,而股票轮动的证据依然存在:标普500能源和金融股在过去5个交易日中上涨,价值跑赢增长——尤其是在欧洲——RTY/NDX表现良好、稳定——很像10年名义收益率约为1.60%。</blockquote></p><p> U.S. labor market frictions look to be adding to inflation fears, with JOLTs data, a leading indicator of hiring, likely to signal workers’ growing pricing power. And the NFIB small business optimism will be watched today for supply side constraints –- last month, job openings that were “hard to fill” reached at least a four-decade high. Of course, labor market dislocations remain and a handful of Fed speakers today will no doubt look to assuage inflation fears and discount near-term tapering risks. Not like Bill Dudley.</p><p><blockquote>美国劳动力市场摩擦似乎加剧了通胀担忧,JOLTs数据是招聘的领先指标,可能表明工人的定价能力不断增强。NFIB小企业乐观情绪今天将因供应方面的限制而受到关注——上个月,“难以填补”的职位空缺达到了至少四年来的最高水平。当然,劳动力市场的混乱仍然存在,今天的一些美联储发言人无疑会寻求缓解通胀担忧并淡化近期缩减购债规模的风险。不像比尔·达德利。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/98df6b5f32251d558127766afc21fad8\" tg-width=\"1257\" tg-height=\"710\"></p><p><blockquote></blockquote></p><p> Whether the Fed falls too far behind the curve remains up for debate. Markets, on the other hand, aren’t as comfortable looking through transitory inflation as evidence builds and expectations climb -- that could become a self-fulfilling prophecy after all.</p><p><blockquote>美联储是否落后太多仍有待商榷。另一方面,随着证据的积累和预期的攀升,市场对暂时性通胀的看法并不那么舒服——这毕竟可能成为一个自我实现的预言。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.zerohedge.com/markets/should-we-fear-inflation-here\">zerohedge</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/markets/should-we-fear-inflation-here","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171091038","content_text":"It’s becoming hard to ignore inflationary pressures, whether one is a central banker or not. Tech investors are taking notice with Monday’s Nasdaq 100 slump the largest since mid-March, while China’s producer prices accelerated overnight. VIX futures are higher with broad risk aversion setting up for European equities to catch up to the late downbeat U.S. session.\nAt least investor jitters that rising inflation could lift bond yields, and sap equities’ appeal could take comfort from real yields. The 10-year U.S. inflation-adjusted benchmark tumbled to three-month lows, keeping nominal yields in check as breakevens jumped to multi-year highs.\n\nFinancial conditions reached another record, while evidence of stocks’ rotation remains: S&P 500 energy and financials advanced over the past 5 sessions, value is outperforming growth –- particularly in Europe -- and the RTY/NDX is well, steady –- much like 10-year nominal yields around 1.60%.\nU.S. labor market frictions look to be adding to inflation fears, with JOLTs data, a leading indicator of hiring, likely to signal workers’ growing pricing power. And the NFIB small business optimism will be watched today for supply side constraints –- last month, job openings that were “hard to fill” reached at least a four-decade high. Of course, labor market dislocations remain and a handful of Fed speakers today will no doubt look to assuage inflation fears and discount near-term tapering risks. Not like Bill Dudley.\n\nWhether the Fed falls too far behind the curve remains up for debate. Markets, on the other hand, aren’t as comfortable looking through transitory inflation as evidence builds and expectations climb -- that could become a self-fulfilling prophecy after all.","news_type":1,"symbols_score_info":{".SPX":0.9,"SPY":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":656,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":4,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/193687148"}
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