victorchow
2021-07-29
Yeh...
Stock-market investors are ‘staring down the barrel of seasonal weakness for next 3 months’<blockquote>股市投资者正在“关注未来三个月的季节性疲软”</blockquote>
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SEBASTIEN SALOM-GOMIS/AG","content":"<p>Stock market likely to face ‘readjustment period’: deGraaf</p><p><blockquote>德格拉夫：股市可能面临“调整期”</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bdd60b246407ebeffde47c97ef392dbb\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Midsummer blues? SEBASTIEN SALOM-GOMIS/AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p><p><blockquote><p class=\"t-img-caption\"><span>仲夏忧郁？塞巴斯蒂安·萨洛姆-戈米斯/法新社/盖蒂图片社</span></p></blockquote></p><p> It’s the most unfavorable time of the year when it comes to stock-market “seasonality”, and while that’s usually not enough to dictate market calls, it’s worth paying attention to, a top Wall Street chart watcher warned on Wednesday.</p><p><blockquote>一位顶级图表观察人士周三警告称，就股市“季节性”而言，这是一年中最不利的时间，虽然这通常不足以决定市场评级，但值得关注。</blockquote></p><p> “We are now standing at the weakest point in market seasonality for the next three months,” said Jeff deGraaf, founder of Renaissance Macro Research, in a Thursday note, referring to the chart tracking seasonal 3-month forward returns below:</p><p><blockquote>Renaissance Macro Research创始人杰夫·德格拉夫(Jeff deGraaf)在周四的一份报告中表示：“我们现在正处于未来三个月市场季节性的最低点。”他指的是下面跟踪季节性3个月远期回报的图表：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6ca9bfb57bece1c32df911d998c4de19\" tg-width=\"700\" tg-height=\"564\" width=\"100%\" height=\"auto\"><span>RENAISSANCE MACRO</span></p><p><blockquote><p class=\"t-img-caption\"><span>宏观复兴</span></p></blockquote></p><p> “The data goes back to 1928 and is rarely a sufficient catalyst to make a call, but with breadth divergences, elevated sentiment, and peak-data we suspect seasonal patterns will be more typical than not,” he wrote.</p><p><blockquote>他写道：“这些数据可以追溯到1928年，很少能成为形成看涨期权的足够催化剂，但由于广度差异、情绪高涨和峰值数据，我们怀疑季节性模式将更加典型。”</blockquote></p><p> Seasonality refers to the tendency of markets to perform better or worse during certain periods of the year. It’s perhaps most famously illustrated by the stock-market adage, “sell in May and go away,,” which refers to the historical tendency for the stock market to perform better from November through April than from May through October.</p><p><blockquote>季节性是指市场在一年中的某些时期表现更好或更差的趋势。也许最著名的例子是股市格言“五月卖出，然后走开”，这是指股市从11月到4月表现好于5月到10月的历史趋势。</blockquote></p><p> As deGraaf indicated, such seasonal factors typically aren’t viewed as sufficient in themselves to justify making trading calls.</p><p><blockquote>正如德格拉夫指出的那样，此类季节性因素本身通常不足以证明进行评级交易的合理性。</blockquote></p><p> The Dow Jones Industrial Average,S&P 500 and Nasdaq Composite pulled back Tuesday after finishing at record levels in the previous session. Stocks were putting in a mixed performance on Wednesday.</p><p><blockquote>道琼斯工业平均指数、标普500指数和纳斯达克综合指数在前一交易日收于创纪录水平后周二回落。周三股市表现好坏参半。</blockquote></p><p> So what does he expect the next three months to look like?</p><p><blockquote>那么他预计接下来的三个月会是什么样子呢？</blockquote></p><p> “It’s likely to be a readjustment period, rotational and important to pay attention to relative strength changes,” he said.</p><p><blockquote>“这可能是一个重新调整期，轮换，关注相对实力变化很重要，”他说。</blockquote></p><p></p>","source":"lsy1603348471595","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>Stock-market investors are ‘staring down the barrel of seasonal weakness for next 3 months’<blockquote>股市投资者正在“关注未来三个月的季节性疲软”</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\">\nStock-market investors are ‘staring down the barrel of seasonal weakness for next 3 months’<blockquote>股市投资者正在“关注未来三个月的季节性疲软”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">MarketWatch</strong><span class=\"h-time small\">2021-07-29 17:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Stock market likely to face ‘readjustment period’: deGraaf</p><p><blockquote>德格拉夫：股市可能面临“调整期”</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/bdd60b246407ebeffde47c97ef392dbb\" tg-width=\"700\" tg-height=\"467\" width=\"100%\" height=\"auto\"><span>Midsummer blues? SEBASTIEN SALOM-GOMIS/AGENCE FRANCE-PRESSE/GETTY IMAGES</span></p><p><blockquote><p class=\"t-img-caption\"><span>仲夏忧郁？塞巴斯蒂安·萨洛姆-戈米斯/法新社/盖蒂图片社</span></p></blockquote></p><p> It’s the most unfavorable time of the year when it comes to stock-market “seasonality”, and while that’s usually not enough to dictate market calls, it’s worth paying attention to, a top Wall Street chart watcher warned on Wednesday.</p><p><blockquote>一位顶级图表观察人士周三警告称，就股市“季节性”而言，这是一年中最不利的时间，虽然这通常不足以决定市场评级，但值得关注。</blockquote></p><p> “We are now standing at the weakest point in market seasonality for the next three months,” said Jeff deGraaf, founder of Renaissance Macro Research, in a Thursday note, referring to the chart tracking seasonal 3-month forward returns below:</p><p><blockquote>Renaissance Macro Research创始人杰夫·德格拉夫(Jeff deGraaf)在周四的一份报告中表示：“我们现在正处于未来三个月市场季节性的最低点。”他指的是下面跟踪季节性3个月远期回报的图表：</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/6ca9bfb57bece1c32df911d998c4de19\" tg-width=\"700\" tg-height=\"564\" width=\"100%\" height=\"auto\"><span>RENAISSANCE MACRO</span></p><p><blockquote><p class=\"t-img-caption\"><span>宏观复兴</span></p></blockquote></p><p> “The data goes back to 1928 and is rarely a sufficient catalyst to make a call, but with breadth divergences, elevated sentiment, and peak-data we suspect seasonal patterns will be more typical than not,” he wrote.</p><p><blockquote>他写道：“这些数据可以追溯到1928年，很少能成为形成看涨期权的足够催化剂，但由于广度差异、情绪高涨和峰值数据，我们怀疑季节性模式将更加典型。”</blockquote></p><p> Seasonality refers to the tendency of markets to perform better or worse during certain periods of the year. It’s perhaps most famously illustrated by the stock-market adage, “sell in May and go away,,” which refers to the historical tendency for the stock market to perform better from November through April than from May through October.</p><p><blockquote>季节性是指市场在一年中的某些时期表现更好或更差的趋势。也许最著名的例子是股市格言“五月卖出，然后走开”，这是指股市从11月到4月表现好于5月到10月的历史趋势。</blockquote></p><p> As deGraaf indicated, such seasonal factors typically aren’t viewed as sufficient in themselves to justify making trading calls.</p><p><blockquote>正如德格拉夫指出的那样，此类季节性因素本身通常不足以证明进行评级交易的合理性。</blockquote></p><p> The Dow Jones Industrial Average,S&P 500 and Nasdaq Composite pulled back Tuesday after finishing at record levels in the previous session. Stocks were putting in a mixed performance on Wednesday.</p><p><blockquote>道琼斯工业平均指数、标普500指数和纳斯达克综合指数在前一交易日收于创纪录水平后周二回落。周三股市表现好坏参半。</blockquote></p><p> So what does he expect the next three months to look like?</p><p><blockquote>那么他预计接下来的三个月会是什么样子呢？</blockquote></p><p> “It’s likely to be a readjustment period, rotational and important to pay attention to relative strength changes,” he said.</p><p><blockquote>“这可能是一个重新调整期，轮换，关注相对实力变化很重要，”他说。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.marketwatch.com/story/stock-market-investors-are-staring-down-the-barrel-of-seasonal-weakness-for-next-3-months-11627482153?mod=home-page\">MarketWatch</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":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.marketwatch.com/story/stock-market-investors-are-staring-down-the-barrel-of-seasonal-weakness-for-next-3-months-11627482153?mod=home-page","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150368331","content_text":"Stock market likely to face ‘readjustment period’: deGraaf\nMidsummer blues? SEBASTIEN SALOM-GOMIS/AGENCE FRANCE-PRESSE/GETTY IMAGES\nIt’s the most unfavorable time of the year when it comes to stock-market “seasonality”, and while that’s usually not enough to dictate market calls, it’s worth paying attention to, a top Wall Street chart watcher warned on Wednesday.\n“We are now standing at the weakest point in market seasonality for the next three months,” said Jeff deGraaf, founder of Renaissance Macro Research, in a Thursday note, referring to the chart tracking seasonal 3-month forward returns below:\nRENAISSANCE MACRO\n“The data goes back to 1928 and is rarely a sufficient catalyst to make a call, but with breadth divergences, elevated sentiment, and peak-data we suspect seasonal patterns will be more typical than not,” he wrote.\nSeasonality refers to the tendency of markets to perform better or worse during certain periods of the year. It’s perhaps most famously illustrated by the stock-market adage, “sell in May and go away,,” which refers to the historical tendency for the stock market to perform better from November through April than from May through October.\nAs deGraaf indicated, such seasonal factors typically aren’t viewed as sufficient in themselves to justify making trading calls.\nThe Dow Jones Industrial Average,S&P 500 and Nasdaq Composite pulled back Tuesday after finishing at record levels in the previous session. Stocks were putting in a mixed performance on Wednesday.\nSo what does he expect the next three months to look like?\n“It’s likely to be a readjustment period, rotational and important to pay attention to relative strength changes,” he said.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":875,"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":6,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/808330231"}
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