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2021-05-20
Ya why..
Why Is the Stock Market Falling? Here Are 3 Reasons.<blockquote>股市为何下跌?这里有三个原因。</blockquote>
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Here Are 3 Reasons.<blockquote>股市为何下跌?这里有三个原因。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1102503477","media":"Barrons","summary":"Stocks are selling off largely on higher-than-expected inflation—a negative for stock valuations, wh","content":"<p>Stocks are selling off largely on higher-than-expected inflation—a negative for stock valuations, which are already high.</p><p><blockquote>股市抛售主要是由于通胀高于预期——这对已经很高的股票估值不利。</blockquote></p><p> All three major U.S. indexes are down in recent trading, with the Dow Jones Industrial Average falling 462 points, or 1.4%, th eS&P 500 dropping 1.2%, and the Nasdaq Composite declining 0.9%.</p><p><blockquote>美国三大股指近期均下跌,其中道琼斯工业平均指数下跌462点,跌幅1.4%,标准普尔500指数下跌1.2%,纳斯达克综合指数下跌0.9%。</blockquote></p><p> <b>1. Inflation is still scaring investors.</b>Input prices in the United Kingdom’s producer-price index rose 9.9% year over year in April, higher than the expected 4.4% rise. Such an increase in costs makes it likely that companies will raise prices, which would cause high consumer inflation, a dynamic recently seen in the U.S.</p><p><blockquote><b>1.通胀仍在吓唬投资者。</b>英国4月份生产者价格指数的投入价格同比上涨9.9%,高于预期的4.4%。成本的增加使得企业很可能会提高价格,从而导致消费者高通胀,这是美国最近出现的一种动态。</blockquote></p><p> If inflation runs hot enough, the Federal Reserve could take actions that would raise interest rates—and higher rates reduce stock valuations because they erode the present value of future cash flows. “Inflation fears continue to grip markets,” writes Tom Essaye, founder of Sevens Report Research.</p><p><blockquote>如果通胀足够高,美联储可能会采取加息行动——而更高的利率会降低股票估值,因为它们会侵蚀未来现金流的现值。Sevens Report Research创始人Tom Essaye写道:“通胀担忧继续困扰市场。”</blockquote></p><p> <b>2. The Fed’s minutes will be published Wednesday.</b>The latest inflation fears come the same day the Fed releases its minutes from its most recent meeting. Investors are looking for cues that the central bank is considering reducing the size of its bond-purchasing program, which would mean less money moving into bonds, lowering their prices and lifting their yields. “The worst would be hearing whispers on tapering [reducing purchases],” write sIpek Ozkardeskaya, senior analyst at Swissquote Bank. “Any tightening on the Fed end would be a punch to the market’s face.”</p><p><blockquote><b>2.美联储会议纪要将于周三公布。</b>最新的通胀担忧出现在美联储发布最近一次会议纪要的同一天。投资者正在寻找央行正在考虑缩减债券购买计划规模的迹象,这将意味着流入债券的资金减少,从而降低债券价格并提高收益率。瑞士银行高级分析师sIpek Ozkardeskaya写道:“最糟糕的情况是听到有关缩减(减少购买)的传言。”“美联储方面的任何紧缩措施都将是对市场的一记重击。”</blockquote></p><p> <b>3. Stock valuations are already high.</b>This all comes as stocks were expensive to begin with, with the average forward price/earnings ratio on the S&P 500 entering the day a touch above 21 times. That multiple could drop 10% to 20% this year, according to Mike Wilson, chief U.S. equity strategist at Morgan Stanley.</p><p><blockquote><b>3、股票估值已经很高。</b>这一切都发生在股票一开始就很昂贵的时候,标普500的平均远期市盈率进入当天略高于21倍。摩根士丹利首席美国股票策略师迈克·威尔逊表示,今年这一市盈率可能会下降10%至20%。</blockquote></p><p> The high valuations have been driven, in part, by a high degree of investor optimism on economic demand and the general direction of the stock market. Another sign of the optimism: Short interest on the S&P 500—the percent of the entire index that investors hold as short positions—is at 2.5%, according to Wells Fargo data, down from 3.4% since the end of 2017. “Negative sentiment (short interest) on the average S&P 500 stock remains at historic lows,” writes Chris Harvey, head of equity strategy at Wells Fargo.</p><p><blockquote>高估值的部分原因是投资者对经济需求和股市大方向的高度乐观。乐观情绪的另一个迹象是:根据富国银行的数据,标普500的空头利息(投资者作为空头头寸持有的整个指数的百分比)为2.5%,低于2017年底以来的3.4%。富国银行股票策略主管Chris Harvey写道:“标普500股票平均价格的负面情绪(空头兴趣)仍处于历史低点。”</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Is the Stock Market Falling? Here Are 3 Reasons.<blockquote>股市为何下跌?这里有三个原因。</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\">\nWhy Is the Stock Market Falling? Here Are 3 Reasons.<blockquote>股市为何下跌?这里有三个原因。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-05-19 23:09</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Stocks are selling off largely on higher-than-expected inflation—a negative for stock valuations, which are already high.</p><p><blockquote>股市抛售主要是由于通胀高于预期——这对已经很高的股票估值不利。</blockquote></p><p> All three major U.S. indexes are down in recent trading, with the Dow Jones Industrial Average falling 462 points, or 1.4%, th eS&P 500 dropping 1.2%, and the Nasdaq Composite declining 0.9%.</p><p><blockquote>美国三大股指近期均下跌,其中道琼斯工业平均指数下跌462点,跌幅1.4%,标准普尔500指数下跌1.2%,纳斯达克综合指数下跌0.9%。</blockquote></p><p> <b>1. Inflation is still scaring investors.</b>Input prices in the United Kingdom’s producer-price index rose 9.9% year over year in April, higher than the expected 4.4% rise. Such an increase in costs makes it likely that companies will raise prices, which would cause high consumer inflation, a dynamic recently seen in the U.S.</p><p><blockquote><b>1.通胀仍在吓唬投资者。</b>英国4月份生产者价格指数的投入价格同比上涨9.9%,高于预期的4.4%。成本的增加使得企业很可能会提高价格,从而导致消费者高通胀,这是美国最近出现的一种动态。</blockquote></p><p> If inflation runs hot enough, the Federal Reserve could take actions that would raise interest rates—and higher rates reduce stock valuations because they erode the present value of future cash flows. “Inflation fears continue to grip markets,” writes Tom Essaye, founder of Sevens Report Research.</p><p><blockquote>如果通胀足够高,美联储可能会采取加息行动——而更高的利率会降低股票估值,因为它们会侵蚀未来现金流的现值。Sevens Report Research创始人Tom Essaye写道:“通胀担忧继续困扰市场。”</blockquote></p><p> <b>2. The Fed’s minutes will be published Wednesday.</b>The latest inflation fears come the same day the Fed releases its minutes from its most recent meeting. Investors are looking for cues that the central bank is considering reducing the size of its bond-purchasing program, which would mean less money moving into bonds, lowering their prices and lifting their yields. “The worst would be hearing whispers on tapering [reducing purchases],” write sIpek Ozkardeskaya, senior analyst at Swissquote Bank. “Any tightening on the Fed end would be a punch to the market’s face.”</p><p><blockquote><b>2.美联储会议纪要将于周三公布。</b>最新的通胀担忧出现在美联储发布最近一次会议纪要的同一天。投资者正在寻找央行正在考虑缩减债券购买计划规模的迹象,这将意味着流入债券的资金减少,从而降低债券价格并提高收益率。瑞士银行高级分析师sIpek Ozkardeskaya写道:“最糟糕的情况是听到有关缩减(减少购买)的传言。”“美联储方面的任何紧缩措施都将是对市场的一记重击。”</blockquote></p><p> <b>3. Stock valuations are already high.</b>This all comes as stocks were expensive to begin with, with the average forward price/earnings ratio on the S&P 500 entering the day a touch above 21 times. That multiple could drop 10% to 20% this year, according to Mike Wilson, chief U.S. equity strategist at Morgan Stanley.</p><p><blockquote><b>3、股票估值已经很高。</b>这一切都发生在股票一开始就很昂贵的时候,标普500的平均远期市盈率进入当天略高于21倍。摩根士丹利首席美国股票策略师迈克·威尔逊表示,今年这一市盈率可能会下降10%至20%。</blockquote></p><p> The high valuations have been driven, in part, by a high degree of investor optimism on economic demand and the general direction of the stock market. Another sign of the optimism: Short interest on the S&P 500—the percent of the entire index that investors hold as short positions—is at 2.5%, according to Wells Fargo data, down from 3.4% since the end of 2017. “Negative sentiment (short interest) on the average S&P 500 stock remains at historic lows,” writes Chris Harvey, head of equity strategy at Wells Fargo.</p><p><blockquote>高估值的部分原因是投资者对经济需求和股市大方向的高度乐观。乐观情绪的另一个迹象是:根据富国银行的数据,标普500的空头利息(投资者作为空头头寸持有的整个指数的百分比)为2.5%,低于2017年底以来的3.4%。富国银行股票策略主管Chris Harvey写道:“标普500股票平均价格的负面情绪(空头兴趣)仍处于历史低点。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.barrons.com/articles/why-is-the-stock-market-falling-here-are-3-reasons-51621435990?mod=RTA\">Barrons</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":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.barrons.com/articles/why-is-the-stock-market-falling-here-are-3-reasons-51621435990?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102503477","content_text":"Stocks are selling off largely on higher-than-expected inflation—a negative for stock valuations, which are already high.\nAll three major U.S. indexes are down in recent trading, with the Dow Jones Industrial Average falling 462 points, or 1.4%, th eS&P 500 dropping 1.2%, and the Nasdaq Composite declining 0.9%.\n1. Inflation is still scaring investors.Input prices in the United Kingdom’s producer-price index rose 9.9% year over year in April, higher than the expected 4.4% rise. Such an increase in costs makes it likely that companies will raise prices, which would cause high consumer inflation, a dynamic recently seen in the U.S.\nIf inflation runs hot enough, the Federal Reserve could take actions that would raise interest rates—and higher rates reduce stock valuations because they erode the present value of future cash flows. “Inflation fears continue to grip markets,” writes Tom Essaye, founder of Sevens Report Research.\n2. The Fed’s minutes will be published Wednesday.The latest inflation fears come the same day the Fed releases its minutes from its most recent meeting. Investors are looking for cues that the central bank is considering reducing the size of its bond-purchasing program, which would mean less money moving into bonds, lowering their prices and lifting their yields. “The worst would be hearing whispers on tapering [reducing purchases],” write sIpek Ozkardeskaya, senior analyst at Swissquote Bank. “Any tightening on the Fed end would be a punch to the market’s face.”\n3. Stock valuations are already high.This all comes as stocks were expensive to begin with, with the average forward price/earnings ratio on the S&P 500 entering the day a touch above 21 times. That multiple could drop 10% to 20% this year, according to Mike Wilson, chief U.S. equity strategist at Morgan Stanley.\nThe high valuations have been driven, in part, by a high degree of investor optimism on economic demand and the general direction of the stock market. Another sign of the optimism: Short interest on the S&P 500—the percent of the entire index that investors hold as short positions—is at 2.5%, according to Wells Fargo data, down from 3.4% since the end of 2017. “Negative sentiment (short interest) on the average S&P 500 stock remains at historic lows,” writes Chris Harvey, head of equity strategy at Wells Fargo.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":632,"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":7,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/197845346"}
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