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2021-07-07

wow

抱歉，原内容已删除

2021-07-06

oh no

What Does the End of the Quarter Mean for Portfolio Management?<blockquote>季度末对投资组合管理意味着什么？</blockquote>

2021-07-06

wow

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2021-07-05

wow

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2021-07-05

oh no

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2021-07-01

comment

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2021-07-01

interesting

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2021-07-01

like for like thanks

Why NIO Stock Is Moving Higher Today<blockquote>为什么蔚来股价今天走高</blockquote>

2021-06-30

like for like

Can AMD Go on a Rally Like Nvidia and Hit All-Time Highs?<blockquote>AMD能否像英伟达一样上涨并创下历史新高？</blockquote>

2021-06-30

wow like for like

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2021-06-30

like for like

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2021-06-28

wow

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2021-06-26

wow

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2021-06-25

cool

Albert Edwards: The Fed Is Trapped In An Epic Bubble, It Can Never Normalize Rates Again<blockquote>艾伯特·爱德华兹：美联储陷入史诗般的泡沫，永远无法再次实现利率正常化</blockquote>

2021-06-25

wow

Albert Edwards: The Fed Is Trapped In An Epic Bubble, It Can Never Normalize Rates Again<blockquote>艾伯特·爱德华兹：美联储陷入史诗般的泡沫，永远无法再次实现利率正常化</blockquote>

2021-06-24

comment

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2021-06-24

scary

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2021-06-24

woww

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2021-06-24

cool

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2021-06-24

wow

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Thefour quartersend in March, or Q1; June, or Q2; September, or Q3; and December, or Q4. These are considered important times for investors. Many businesses, analysts, government agencies, and theFederal Reserverelease critical new data about various markets or economic indicators at the end of a quarter.</p><p><blockquote>“季度末”是指财务日历上四个特定三个月期间之一的结束。四季度将于三月份结束，即第一季度；六月，或第二季度；九月，或第三季度；以及12月，或第四季度。对于投资者来说，这被认为是重要的时期。许多企业、分析师、政府机构和美联储在季度末发布有关各种市场或经济指标的重要新数据。</blockquote></p><p> There's a widely held belief in financial circles that hedge funds, pension funds, and insurance companies always rebalance their portfolios at the end of each quarter. While no proof or evidence has ever been put forward to confirm this practice or its prevalence, the very idea reinforces the concept that the end of a quarter is significant.</p><p><blockquote>金融界普遍认为，对冲基金、养老基金和保险公司总是在每个季度末重新平衡其投资组合。虽然从来没有证据或证据来证实这种做法或其普遍性，但这个想法强化了一个季度末意义重大的概念。</blockquote></p><p> Even if major financial players do not always rebalance at the end of quarters, many investors use this time to re-evaluate their ownportfolio management, changing which assets comprise the portfolio or setting new portfolio targets. Not only is it a good idea for investors to monitor their investments from time-to-time but rarely is so much new, actionable information released as during the end of a quarter.</p><p><blockquote>即使主要金融参与者并不总是在季度末重新平衡，许多投资者也会利用这段时间重新评估自己的投资组合管理，改变投资组合的资产或设定新的投资组合目标。对于投资者来说，不时监控他们的投资不仅是一个好主意，而且很少像在季度末那样发布如此多的新的、可操作的信息。</blockquote></p><p> Rebalancing a Portfolio</p><p><blockquote>重新平衡投资组合</blockquote></p><p> Rebalancinginvolves the periodic sale and purchase of assets within a portfolio to maintain a target ratio.2Consider an investor who wants his portfolio to be comprised of 50% growth stocks, 25% income stocks, and 25% bonds. If during Q1, the growth stocks outperform the other investments substantially, the investor may decide to sell some growth stocks or purchase more income stocks and bonds to bring the portfolio back to a 50-25-25 split.</p><p><blockquote>再平衡涉及定期出售和购买投资组合中的资产以维持目标比率。2考虑一位投资者，他希望自己的投资组合由50%的成长型股票、25%的收益型股票和25%的债券组成。如果在第一季度，成长型股票的表现大幅优于其他投资，投资者可能会决定出售一些成长型股票或购买更多收益型股票和债券，以使投资组合回到50-25-25的分割。</blockquote></p><p> KEY TAKEAWAYS</p><p><blockquote>关键要点</blockquote></p><p> <ul>  <li>The end of the three-month period known as a financial quarter is considered an important time for investors.</li>  <li>Companies, financial analysts, and government agencies (including the Fed) all release reports and critical data at the end of a quarter.</li>  <li>Both retail and institutional investors often use the end of a quarter to re-evaluate and rebalance their portfolios.</li> </ul> Traditional rebalancing involves trading the gains of well-performing assets, by selling high, for more low-performing assets, by buying low, at the end of each quarter. Theoretically, this serves to protect a portfolio from being too exposed or straying too far from its original strategy. However, pegging rebalances to the end of quarters relies on arbitrary calendar events which may not coincide with market movements. Nevertheless, the confluence of new reports that emerge at the end of quarters usually causes market reactions and should be of concern to most participants.</p><p><blockquote><ul><li>对于投资者来说，被称为财务季度的三个月结束被认为是一个重要的时间。</li><li>公司、金融分析师和政府机构（包括美联储）都会在季度末发布报告和关键数据。</li><li>散户和机构投资者经常利用季度末来重新评估和重新平衡他们的投资组合。</li></ul>传统的再平衡涉及在每个季度末通过高价卖出来交易表现良好资产的收益，以换取更多表现不佳的资产。从理论上讲，这有助于保护投资组合不会暴露太多或偏离其原始策略太远。然而，将再平衡与季度末挂钩依赖于任意的日历事件，这些事件可能与市场走势不一致。然而，季度末出现的新报告的汇合通常会引起市场反应，应该引起大多数参与者的关注。</blockquote></p><p> Institutional Investors and Rebalancing</p><p><blockquote>机构投资者与再平衡</blockquote></p><p> It is not just individual investors who consider making portfolio moves at the end of quarters. Portfolio management is also important for institutional investors, like mutual funds and exchange-traded funds, or ETFs.3</p><p><blockquote>考虑在季度末调整投资组合的不仅仅是个人投资者。投资组合管理对于机构投资者也很重要，例如共同基金和交易所交易基金(ETF)。3</blockquote></p><p> There are two forms of fund portfolio management: active and passive.4Passive funds generally peg their portfolios to market indexes and involve fewer changes in exchange for lower management fees. The end of a quarter is less significant for these types of funds, though if theirbenchmark indexeschange at this time, they will as well.</p><p><blockquote>基金投资组合管理有两种形式：主动型和被动型。4被动型基金通常将其投资组合与市场指数挂钩，涉及较少的变化，以换取较低的管理费。对于这些类型的基金来说，季度末并不那么重要，尽管如果它们的基准指数此时发生变化，它们也会发生变化。</blockquote></p><p> Active funds have a manager or team of managers who take a more proactive approach to beat market average returns. These funds can be quite active during the end of quarters, especially if their portfolios need to be adjusted to meet their previously stated goals and strategies.</p><p><blockquote>主动型基金有一位经理或经理团队，他们采取更积极的方法来击败市场平均回报。这些基金在季度末可能非常活跃，特别是如果他们的投资组合需要调整以满足他们之前制定的目标和策略。</blockquote></p><p></p>","source":"lsy1606203311635","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>What Does the End of the Quarter Mean for Portfolio Management?<blockquote>季度末对投资组合管理意味着什么？</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\">\nWhat Does the End of the Quarter Mean for Portfolio Management?<blockquote>季度末对投资组合管理意味着什么？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">investopedia</strong><span class=\"h-time small\">2021-07-05 19:08</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The \"end of the quarter\" refers to the conclusion of one of four specific three-month periods on the financial calendar. Thefour quartersend in March, or Q1; June, or Q2; September, or Q3; and December, or Q4. These are considered important times for investors. Many businesses, analysts, government agencies, and theFederal Reserverelease critical new data about various markets or economic indicators at the end of a quarter.</p><p><blockquote>“季度末”是指财务日历上四个特定三个月期间之一的结束。四季度将于三月份结束，即第一季度；六月，或第二季度；九月，或第三季度；以及12月，或第四季度。对于投资者来说，这被认为是重要的时期。许多企业、分析师、政府机构和美联储在季度末发布有关各种市场或经济指标的重要新数据。</blockquote></p><p> There's a widely held belief in financial circles that hedge funds, pension funds, and insurance companies always rebalance their portfolios at the end of each quarter. While no proof or evidence has ever been put forward to confirm this practice or its prevalence, the very idea reinforces the concept that the end of a quarter is significant.</p><p><blockquote>金融界普遍认为，对冲基金、养老基金和保险公司总是在每个季度末重新平衡其投资组合。虽然从来没有证据或证据来证实这种做法或其普遍性，但这个想法强化了一个季度末意义重大的概念。</blockquote></p><p> Even if major financial players do not always rebalance at the end of quarters, many investors use this time to re-evaluate their ownportfolio management, changing which assets comprise the portfolio or setting new portfolio targets. Not only is it a good idea for investors to monitor their investments from time-to-time but rarely is so much new, actionable information released as during the end of a quarter.</p><p><blockquote>即使主要金融参与者并不总是在季度末重新平衡，许多投资者也会利用这段时间重新评估自己的投资组合管理，改变投资组合的资产或设定新的投资组合目标。对于投资者来说，不时监控他们的投资不仅是一个好主意，而且很少像在季度末那样发布如此多的新的、可操作的信息。</blockquote></p><p> Rebalancing a Portfolio</p><p><blockquote>重新平衡投资组合</blockquote></p><p> Rebalancinginvolves the periodic sale and purchase of assets within a portfolio to maintain a target ratio.2Consider an investor who wants his portfolio to be comprised of 50% growth stocks, 25% income stocks, and 25% bonds. If during Q1, the growth stocks outperform the other investments substantially, the investor may decide to sell some growth stocks or purchase more income stocks and bonds to bring the portfolio back to a 50-25-25 split.</p><p><blockquote>再平衡涉及定期出售和购买投资组合中的资产以维持目标比率。2考虑一位投资者，他希望自己的投资组合由50%的成长型股票、25%的收益型股票和25%的债券组成。如果在第一季度，成长型股票的表现大幅优于其他投资，投资者可能会决定出售一些成长型股票或购买更多收益型股票和债券，以使投资组合回到50-25-25的分割。</blockquote></p><p> KEY TAKEAWAYS</p><p><blockquote>关键要点</blockquote></p><p> <ul>  <li>The end of the three-month period known as a financial quarter is considered an important time for investors.</li>  <li>Companies, financial analysts, and government agencies (including the Fed) all release reports and critical data at the end of a quarter.</li>  <li>Both retail and institutional investors often use the end of a quarter to re-evaluate and rebalance their portfolios.</li> </ul> Traditional rebalancing involves trading the gains of well-performing assets, by selling high, for more low-performing assets, by buying low, at the end of each quarter. Theoretically, this serves to protect a portfolio from being too exposed or straying too far from its original strategy. However, pegging rebalances to the end of quarters relies on arbitrary calendar events which may not coincide with market movements. Nevertheless, the confluence of new reports that emerge at the end of quarters usually causes market reactions and should be of concern to most participants.</p><p><blockquote><ul><li>对于投资者来说，被称为财务季度的三个月结束被认为是一个重要的时间。</li><li>公司、金融分析师和政府机构（包括美联储）都会在季度末发布报告和关键数据。</li><li>散户和机构投资者经常利用季度末来重新评估和重新平衡他们的投资组合。</li></ul>传统的再平衡涉及在每个季度末通过高价卖出来交易表现良好资产的收益，以换取更多表现不佳的资产。从理论上讲，这有助于保护投资组合不会暴露太多或偏离其原始策略太远。然而，将再平衡与季度末挂钩依赖于任意的日历事件，这些事件可能与市场走势不一致。然而，季度末出现的新报告的汇合通常会引起市场反应，应该引起大多数参与者的关注。</blockquote></p><p> Institutional Investors and Rebalancing</p><p><blockquote>机构投资者与再平衡</blockquote></p><p> It is not just individual investors who consider making portfolio moves at the end of quarters. Portfolio management is also important for institutional investors, like mutual funds and exchange-traded funds, or ETFs.3</p><p><blockquote>考虑在季度末调整投资组合的不仅仅是个人投资者。投资组合管理对于机构投资者也很重要，例如共同基金和交易所交易基金(ETF)。3</blockquote></p><p> There are two forms of fund portfolio management: active and passive.4Passive funds generally peg their portfolios to market indexes and involve fewer changes in exchange for lower management fees. The end of a quarter is less significant for these types of funds, though if theirbenchmark indexeschange at this time, they will as well.</p><p><blockquote>基金投资组合管理有两种形式：主动型和被动型。4被动型基金通常将其投资组合与市场指数挂钩，涉及较少的变化，以换取较低的管理费。对于这些类型的基金来说，季度末并不那么重要，尽管如果它们的基准指数此时发生变化，它们也会发生变化。</blockquote></p><p> Active funds have a manager or team of managers who take a more proactive approach to beat market average returns. These funds can be quite active during the end of quarters, especially if their portfolios need to be adjusted to meet their previously stated goals and strategies.</p><p><blockquote>主动型基金有一位经理或经理团队，他们采取更积极的方法来击败市场平均回报。这些基金在季度末可能非常活跃，特别是如果他们的投资组合需要调整以满足他们之前制定的目标和策略。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.investopedia.com/ask/answers/122214/what-does-end-quarter-mean-portfolio-management.asp?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral\">investopedia</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":{},"source_url":"https://www.investopedia.com/ask/answers/122214/what-does-end-quarter-mean-portfolio-management.asp?utm_campaign=quote-yahoo&utm_source=yahoo&utm_medium=referral","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1155435134","content_text":"The \"end of the quarter\" refers to the conclusion of one of four specific three-month periods on the financial calendar. Thefour quartersend in March, or Q1; June, or Q2; September, or Q3; and December, or Q4. These are considered important times for investors. Many businesses, analysts, government agencies, and theFederal Reserverelease critical new data about various markets or economic indicators at the end of a quarter.\nThere's a widely held belief in financial circles that hedge funds, pension funds, and insurance companies always rebalance their portfolios at the end of each quarter. While no proof or evidence has ever been put forward to confirm this practice or its prevalence, the very idea reinforces the concept that the end of a quarter is significant.\nEven if major financial players do not always rebalance at the end of quarters, many investors use this time to re-evaluate their ownportfolio management, changing which assets comprise the portfolio or setting new portfolio targets. Not only is it a good idea for investors to monitor their investments from time-to-time but rarely is so much new, actionable information released as during the end of a quarter.\nRebalancing a Portfolio\nRebalancinginvolves the periodic sale and purchase of assets within a portfolio to maintain a target ratio.2Consider an investor who wants his portfolio to be comprised of 50% growth stocks, 25% income stocks, and 25% bonds. If during Q1, the growth stocks outperform the other investments substantially, the investor may decide to sell some growth stocks or purchase more income stocks and bonds to bring the portfolio back to a 50-25-25 split.\nKEY TAKEAWAYS\n\nThe end of the three-month period known as a financial quarter is considered an important time for investors.\nCompanies, financial analysts, and government agencies (including the Fed) all release reports and critical data at the end of a quarter.\nBoth retail and institutional investors often use the end of a quarter to re-evaluate and rebalance their portfolios.\n\nTraditional rebalancing involves trading the gains of well-performing assets, by selling high, for more low-performing assets, by buying low, at the end of each quarter. Theoretically, this serves to protect a portfolio from being too exposed or straying too far from its original strategy. However, pegging rebalances to the end of quarters relies on arbitrary calendar events which may not coincide with market movements. Nevertheless, the confluence of new reports that emerge at the end of quarters usually causes market reactions and should be of concern to most participants.\nInstitutional Investors and Rebalancing\nIt is not just individual investors who consider making portfolio moves at the end of quarters. Portfolio management is also important for institutional investors, like mutual funds and exchange-traded funds, or ETFs.3\nThere are two forms of fund portfolio management: active and passive.4Passive funds generally peg their portfolios to market indexes and involve fewer changes in exchange for lower management fees. The end of a quarter is less significant for these types of funds, though if theirbenchmark indexeschange at this time, they will as well.\nActive funds have a manager or team of managers who take a more proactive approach to beat market average returns. These funds can be quite active during the end of quarters, especially if their portfolios need to be adjusted to meet their previously stated goals and strategies.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":1603,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154739808,"gmtCreate":1625544344204,"gmtModify":1631890698454,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"wow&nbsp;","listText":"wow&nbsp;","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/154739808","repostId":"1190430616","repostType":4,"isVote":1,"tweetType":1,"viewCount":2991,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155718480,"gmtCreate":1625453202940,"gmtModify":1631890698470,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"wow&nbsp;","listText":"wow&nbsp;","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/155718480","repostId":"1172720964","repostType":4,"isVote":1,"tweetType":1,"viewCount":2906,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155711266,"gmtCreate":1625453110255,"gmtModify":1631890698481,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"oh no&nbsp;","listText":"oh no&nbsp;","text":"oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/155711266","repostId":"1169840279","repostType":4,"isVote":1,"tweetType":1,"viewCount":1670,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158154091,"gmtCreate":1625139724513,"gmtModify":1631890698492,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"comment&nbsp;","listText":"comment&nbsp;","text":"comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/158154091","repostId":"1154991106","repostType":4,"isVote":1,"tweetType":1,"viewCount":3225,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158951638,"gmtCreate":1625125435424,"gmtModify":1631890698501,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"interesting&nbsp;","listText":"interesting&nbsp;","text":"interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/158951638","repostId":"2147146918","repostType":4,"isVote":1,"tweetType":1,"viewCount":2903,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158953123,"gmtCreate":1625125375562,"gmtModify":1631890698513,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"like for like thanks&nbsp;","listText":"like for like thanks&nbsp;","text":"like for like thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/158953123","repostId":"1121473384","repostType":4,"repost":{"id":"1121473384","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1625067394,"share":"https://www.laohu8.com/m/news/1121473384?lang=zh_CN&edition=full","pubTime":"2021-06-30 23:36","market":"us","language":"en","title":"Why NIO Stock Is Moving Higher Today<blockquote>为什么蔚来股价今天走高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1121473384","media":"Tiger Newspress","summary":"A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.Shares of Chinese electric-vehicle maker NIOwere moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.As of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.In a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $5","content":"<p>A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.</p><p><blockquote>在蔚来公布6月份销售报告之前，华尔街的一份看涨报告提高了人们的预期。</blockquote></p><p> Shares of Chinese electric-vehicle maker&nbsp;<b>NIO</b>(NYSE:NIO)were moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.</p><p><blockquote>中国电动汽车制造商的股票<b>蔚来</b>（纽约证券交易所股票代码：蔚来）周三早盘走高，此前一位华尔街分析师在一份看涨报告中上调了该行对该股的目标价。</blockquote></p><p> As of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.</p><p><blockquote>截至美国东部时间上午11点35分，蔚来美国存托股票较周二收盘价上涨约5.9%。</blockquote></p><p> In a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $58.30, while reiterating his previous buy rating on the shares.</p><p><blockquote>在周二下午发布的一份报告中。花旗银行分析师Jeff Chung将该行对蔚来的目标股价从58.30美元上调至72美元，同时重申了此前对该股的买入评级。</blockquote></p><p> Chung wrote that he expects NIO to report \"robust shipment volume\" for June, which he thinks will be followed by sequential quarter-over-quarter growth in the third and fourth quarters of 2021. He now sees NIO delivering 93,000 vehicles in 2021, up from his earlier estimate of 90,000, and has raised his forecasts for 2022 and 2024 while also increasing his target&nbsp;price-to-earnings multiple&nbsp;for NIO's shares.</p><p><blockquote>Chung写道，他预计蔚来6月份将报告“强劲的出货量”，他认为随后将在2021年第三和第四季度实现环比增长。他现在预计蔚来将在2021年交付93,000辆汽车，高于他之前估计的90,000辆，并上调了对2022年和2024年的预测，同时还提高了蔚来股票的目标市盈率。</blockquote></p><p> NIO typically releases its monthly delivery totals shortly after month-end, meaning we could see NIO's results for June as soon as Thursday morning. The company's guidance, which it reiterated earlier this month, calls for a delivery total of&nbsp;between 21,000 and 22,000 vehicles&nbsp;for the second quarter. Through the end of May, it had&nbsp;delivered 13,183 vehicles&nbsp;despite production disruptions caused by shortages of computer chips.</p><p><blockquote>蔚来通常会在月底后不久发布每月交付总量，这意味着我们最早可以在周四上午看到蔚来6月份的业绩。该公司本月早些时候重申了评级第二季度总交付量为21,000至22,000辆汽车的指引。尽管计算机芯片短缺导致生产中断，截至5月底，该公司仍交付了13,183辆汽车。</blockquote></p><p> Will NIO outperform its own guidance? I think it's possible but unlikely, given the continued chip-shortage issues. I won't be surprised, however, if its June result puts its second-quarter total at the high end of its guidance range. We'll find out in a day or two.</p><p><blockquote>蔚来的表现会超出自己的指导吗？我认为这是可能的，但考虑到持续的芯片短缺问题，可能性不大。然而，如果其6月份的业绩使其第二季度的总额处于指导范围的高端，我不会感到惊讶。一两天后我们就会知道了。</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>Why NIO Stock Is Moving Higher Today<blockquote>为什么蔚来股价今天走高</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 NIO Stock Is Moving Higher Today<blockquote>为什么蔚来股价今天走高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-30 23:36</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.</p><p><blockquote>在蔚来公布6月份销售报告之前，华尔街的一份看涨报告提高了人们的预期。</blockquote></p><p> Shares of Chinese electric-vehicle maker&nbsp;<b>NIO</b>(NYSE:NIO)were moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.</p><p><blockquote>中国电动汽车制造商的股票<b>蔚来</b>（纽约证券交易所股票代码：蔚来）周三早盘走高，此前一位华尔街分析师在一份看涨报告中上调了该行对该股的目标价。</blockquote></p><p> As of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.</p><p><blockquote>截至美国东部时间上午11点35分，蔚来美国存托股票较周二收盘价上涨约5.9%。</blockquote></p><p> In a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $58.30, while reiterating his previous buy rating on the shares.</p><p><blockquote>在周二下午发布的一份报告中。花旗银行分析师Jeff Chung将该行对蔚来的目标股价从58.30美元上调至72美元，同时重申了此前对该股的买入评级。</blockquote></p><p> Chung wrote that he expects NIO to report \"robust shipment volume\" for June, which he thinks will be followed by sequential quarter-over-quarter growth in the third and fourth quarters of 2021. He now sees NIO delivering 93,000 vehicles in 2021, up from his earlier estimate of 90,000, and has raised his forecasts for 2022 and 2024 while also increasing his target&nbsp;price-to-earnings multiple&nbsp;for NIO's shares.</p><p><blockquote>Chung写道，他预计蔚来6月份将报告“强劲的出货量”，他认为随后将在2021年第三和第四季度实现环比增长。他现在预计蔚来将在2021年交付93,000辆汽车，高于他之前估计的90,000辆，并上调了对2022年和2024年的预测，同时还提高了蔚来股票的目标市盈率。</blockquote></p><p> NIO typically releases its monthly delivery totals shortly after month-end, meaning we could see NIO's results for June as soon as Thursday morning. The company's guidance, which it reiterated earlier this month, calls for a delivery total of&nbsp;between 21,000 and 22,000 vehicles&nbsp;for the second quarter. Through the end of May, it had&nbsp;delivered 13,183 vehicles&nbsp;despite production disruptions caused by shortages of computer chips.</p><p><blockquote>蔚来通常会在月底后不久发布每月交付总量，这意味着我们最早可以在周四上午看到蔚来6月份的业绩。该公司本月早些时候重申了评级第二季度总交付量为21,000至22,000辆汽车的指引。尽管计算机芯片短缺导致生产中断，截至5月底，该公司仍交付了13,183辆汽车。</blockquote></p><p> Will NIO outperform its own guidance? I think it's possible but unlikely, given the continued chip-shortage issues. I won't be surprised, however, if its June result puts its second-quarter total at the high end of its guidance range. We'll find out in a day or two.</p><p><blockquote>蔚来的表现会超出自己的指导吗？我认为这是可能的，但考虑到持续的芯片短缺问题，可能性不大。然而，如果其6月份的业绩使其第二季度的总额处于指导范围的高端，我不会感到惊讶。一两天后我们就会知道了。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121473384","content_text":"A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.\nShares of Chinese electric-vehicle maker NIO(NYSE:NIO)were moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.\nAs of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.\nIn a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $58.30, while reiterating his previous buy rating on the shares.\nChung wrote that he expects NIO to report \"robust shipment volume\" for June, which he thinks will be followed by sequential quarter-over-quarter growth in the third and fourth quarters of 2021. He now sees NIO delivering 93,000 vehicles in 2021, up from his earlier estimate of 90,000, and has raised his forecasts for 2022 and 2024 while also increasing his target price-to-earnings multiple for NIO's shares.\nNIO typically releases its monthly delivery totals shortly after month-end, meaning we could see NIO's results for June as soon as Thursday morning. The company's guidance, which it reiterated earlier this month, calls for a delivery total of between 21,000 and 22,000 vehicles for the second quarter. Through the end of May, it had delivered 13,183 vehicles despite production disruptions caused by shortages of computer chips.\nWill NIO outperform its own guidance? I think it's possible but unlikely, given the continued chip-shortage issues. I won't be surprised, however, if its June result puts its second-quarter total at the high end of its guidance range. We'll find out in a day or two.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":2671,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153434460,"gmtCreate":1625041754550,"gmtModify":1631890698528,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"like for like&nbsp;","listText":"like for like&nbsp;","text":"like for like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/153434460","repostId":"1140918239","repostType":4,"repost":{"id":"1140918239","kind":"news","pubTimestamp":1625036743,"share":"https://www.laohu8.com/m/news/1140918239?lang=zh_CN&edition=full","pubTime":"2021-06-30 15:05","market":"us","language":"en","title":"Can AMD Go on a Rally Like Nvidia and Hit All-Time Highs?<blockquote>AMD能否像英伟达一样上涨并创下历史新高？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1140918239","media":"TheStreet","summary":"AMD is breaking out to multi-month highs and clearing range resistance. Can it go on a run like Nvid","content":"<p>AMD is breaking out to multi-month highs and clearing range resistance. Can it go on a run like Nvidia has over the last few months?</p><p><blockquote>AMD正在突破数月高点并清除区间阻力。它能像Nvidia过去几个月那样继续运行吗？</blockquote></p><p> First it was Nvidia&nbsp;that enjoyed the big gains. It it now Advanced Micro Devices’&nbsp;turn?</p><p><blockquote>首先，英伟达获得了巨大收益。现在轮到先进微设备公司了吗？</blockquote></p><p> Shares have risen 2.8% on Tuesday as the stock ishitting its highest levels since February.</p><p><blockquote>周二，该股上涨2.8%，创2月份以来的最高水平。</blockquote></p><p> The stock was flirting with a move over range resistance on Monday, but is really pushing higher on Tuesday. The rally comes on positive reports regarding U.K. regulators and AMD’s acquisition of Xilinx.</p><p><blockquote>该股周一曾一度突破区间阻力位，但周二确实走高。此次反弹是在有关英国监管机构和AMD收购Xilinx的积极报道之后出现的。</blockquote></p><p> For its part, Xilinx shares are also hitting the highest levels since February.</p><p><blockquote>就赛灵思而言，其股价也创下2月份以来的最高水平。</blockquote></p><p> Nvidia and the VanEck Semiconductor ETF&nbsp;both hit new highs this week. With AMD stock continuing to consolidate and now making progresson its $35 billion acquisition, can it too break out to new highs?</p><p><blockquote>英伟达和VanEck半导体ETF本周双双创下新高。随着AMD股价继续盘整，现在350亿美元的收购取得进展，它也能突破新高吗？</blockquote></p><p> Let’s look at the chart.</p><p><blockquote>让我们看看图表。</blockquote></p><p> <b>Trading AMD</b></p><p><blockquote><b>交易AMD</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d5c985680e6c9aef976554f75490f55e\" tg-width=\"1240\" tg-height=\"760\"><span>Weekly chart of AMD stock.</span></p><p><blockquote><p class=\"t-img-caption\"><span>AMD股票周线图。</span></p></blockquote></p><p> In July 2020, AMD stock exploded over $60 resistance, quickly climbing to a high of $87.29 in just a couple of weeks.</p><p><blockquote>2020年7月，AMD股价突破60美元阻力位，在短短几周内迅速攀升至87.29美元的高点。</blockquote></p><p> After that, the stock settled down, bouncing between $74 and $88. Eventually, AMD broke out to a new range, with $88 acting as<i>support</i>instead of resistance, and the $94 to $96 area acting as resistance.</p><p><blockquote>此后，该股稳定下来，在74美元至88美元之间反弹。最终，AMD突破了一个新的区间，88美元充当了<i>支持</i>而不是阻力，94美元至96美元区域作为阻力。</blockquote></p><p> Interestingly, support eventually gave way and AMD fell back into prior trading range.</p><p><blockquote>有趣的是，支撑最终消失，AMD回落至之前的交易区间。</blockquote></p><p> As I mentioned in the opening part of the story, AMD is breaking out over $87 to $88 range resistance again as the&nbsp;stock is pushing to multi-month highs. It’s also pushing through the 61.8% retracement.</p><p><blockquote>正如我在故事的开头部分提到的，随着AMD股价升至数月高点，AMD再次突破87美元至88美元区间阻力位。它还突破了61.8%的回撤位。</blockquote></p><p> From here, bulls are looking for the $87 to $88 area to again turn from resistance into support. If that happens, the $94 to $96 area is certainly within reach.</p><p><blockquote>从这里开始，多头正在寻找87美元至88美元区域，以再次从阻力位转变为支撑位。如果发生这种情况，94美元至96美元的区域肯定是触手可及的。</blockquote></p><p> If AMD can push through that zone, look for a test of the all-time high at $99.13 and then $100 above that.</p><p><blockquote>如果AMD能够突破该区域，请寻求测试99.13美元的历史高点，然后高于该高点100美元。</blockquote></p><p> Should shares really get moving -&nbsp;like Nvidia did&nbsp;- then the $115 level could be in play near the 161.8% extension.</p><p><blockquote>如果股价真的像英伟达那样上涨，那么115美元的水平可能会在161.8%的延伸附近发挥作用。</blockquote></p><p> On the downside, a move back below $87 needs to be met by support from the 50-day moving average. Otherwise, $80 could be on the table.</p><p><blockquote>下行方面，回落至87美元以下需要得到50日移动均线的支撑。否则，80美元可能会摆在桌面上。</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>Can AMD Go on a Rally Like Nvidia and Hit All-Time Highs?<blockquote>AMD能否像英伟达一样上涨并创下历史新高？</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\">\nCan AMD Go on a Rally Like Nvidia and Hit All-Time Highs?<blockquote>AMD能否像英伟达一样上涨并创下历史新高？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-06-30 15:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p>AMD is breaking out to multi-month highs and clearing range resistance. Can it go on a run like Nvidia has over the last few months?</p><p><blockquote>AMD正在突破数月高点并清除区间阻力。它能像Nvidia过去几个月那样继续运行吗？</blockquote></p><p> First it was Nvidia&nbsp;that enjoyed the big gains. It it now Advanced Micro Devices’&nbsp;turn?</p><p><blockquote>首先，英伟达获得了巨大收益。现在轮到先进微设备公司了吗？</blockquote></p><p> Shares have risen 2.8% on Tuesday as the stock ishitting its highest levels since February.</p><p><blockquote>周二，该股上涨2.8%，创2月份以来的最高水平。</blockquote></p><p> The stock was flirting with a move over range resistance on Monday, but is really pushing higher on Tuesday. The rally comes on positive reports regarding U.K. regulators and AMD’s acquisition of Xilinx.</p><p><blockquote>该股周一曾一度突破区间阻力位，但周二确实走高。此次反弹是在有关英国监管机构和AMD收购Xilinx的积极报道之后出现的。</blockquote></p><p> For its part, Xilinx shares are also hitting the highest levels since February.</p><p><blockquote>就赛灵思而言，其股价也创下2月份以来的最高水平。</blockquote></p><p> Nvidia and the VanEck Semiconductor ETF&nbsp;both hit new highs this week. With AMD stock continuing to consolidate and now making progresson its $35 billion acquisition, can it too break out to new highs?</p><p><blockquote>英伟达和VanEck半导体ETF本周双双创下新高。随着AMD股价继续盘整，现在350亿美元的收购取得进展，它也能突破新高吗？</blockquote></p><p> Let’s look at the chart.</p><p><blockquote>让我们看看图表。</blockquote></p><p> <b>Trading AMD</b></p><p><blockquote><b>交易AMD</b></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/d5c985680e6c9aef976554f75490f55e\" tg-width=\"1240\" tg-height=\"760\"><span>Weekly chart of AMD stock.</span></p><p><blockquote><p class=\"t-img-caption\"><span>AMD股票周线图。</span></p></blockquote></p><p> In July 2020, AMD stock exploded over $60 resistance, quickly climbing to a high of $87.29 in just a couple of weeks.</p><p><blockquote>2020年7月，AMD股价突破60美元阻力位，在短短几周内迅速攀升至87.29美元的高点。</blockquote></p><p> After that, the stock settled down, bouncing between $74 and $88. Eventually, AMD broke out to a new range, with $88 acting as<i>support</i>instead of resistance, and the $94 to $96 area acting as resistance.</p><p><blockquote>此后，该股稳定下来，在74美元至88美元之间反弹。最终，AMD突破了一个新的区间，88美元充当了<i>支持</i>而不是阻力，94美元至96美元区域作为阻力。</blockquote></p><p> Interestingly, support eventually gave way and AMD fell back into prior trading range.</p><p><blockquote>有趣的是，支撑最终消失，AMD回落至之前的交易区间。</blockquote></p><p> As I mentioned in the opening part of the story, AMD is breaking out over $87 to $88 range resistance again as the&nbsp;stock is pushing to multi-month highs. It’s also pushing through the 61.8% retracement.</p><p><blockquote>正如我在故事的开头部分提到的，随着AMD股价升至数月高点，AMD再次突破87美元至88美元区间阻力位。它还突破了61.8%的回撤位。</blockquote></p><p> From here, bulls are looking for the $87 to $88 area to again turn from resistance into support. If that happens, the $94 to $96 area is certainly within reach.</p><p><blockquote>从这里开始，多头正在寻找87美元至88美元区域，以再次从阻力位转变为支撑位。如果发生这种情况，94美元至96美元的区域肯定是触手可及的。</blockquote></p><p> If AMD can push through that zone, look for a test of the all-time high at $99.13 and then $100 above that.</p><p><blockquote>如果AMD能够突破该区域，请寻求测试99.13美元的历史高点，然后高于该高点100美元。</blockquote></p><p> Should shares really get moving -&nbsp;like Nvidia did&nbsp;- then the $115 level could be in play near the 161.8% extension.</p><p><blockquote>如果股价真的像英伟达那样上涨，那么115美元的水平可能会在161.8%的延伸附近发挥作用。</blockquote></p><p> On the downside, a move back below $87 needs to be met by support from the 50-day moving average. Otherwise, $80 could be on the table.</p><p><blockquote>下行方面，回落至87美元以下需要得到50日移动均线的支撑。否则，80美元可能会摆在桌面上。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/advanced-micro-devices-amd-stock-nvda-record-highs\">TheStreet</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":{"AMD":"美国超微公司"},"source_url":"https://www.thestreet.com/investing/advanced-micro-devices-amd-stock-nvda-record-highs","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1140918239","content_text":"AMD is breaking out to multi-month highs and clearing range resistance. Can it go on a run like Nvidia has over the last few months?\nFirst it was Nvidia that enjoyed the big gains. It it now Advanced Micro Devices’ turn?\nShares have risen 2.8% on Tuesday as the stock ishitting its highest levels since February.\nThe stock was flirting with a move over range resistance on Monday, but is really pushing higher on Tuesday. The rally comes on positive reports regarding U.K. regulators and AMD’s acquisition of Xilinx.\nFor its part, Xilinx shares are also hitting the highest levels since February.\nNvidia and the VanEck Semiconductor ETF both hit new highs this week. With AMD stock continuing to consolidate and now making progresson its $35 billion acquisition, can it too break out to new highs?\nLet’s look at the chart.\nTrading AMD\nWeekly chart of AMD stock.\nIn July 2020, AMD stock exploded over $60 resistance, quickly climbing to a high of $87.29 in just a couple of weeks.\nAfter that, the stock settled down, bouncing between $74 and $88. Eventually, AMD broke out to a new range, with $88 acting assupportinstead of resistance, and the $94 to $96 area acting as resistance.\nInterestingly, support eventually gave way and AMD fell back into prior trading range.\nAs I mentioned in the opening part of the story, AMD is breaking out over $87 to $88 range resistance again as the stock is pushing to multi-month highs. It’s also pushing through the 61.8% retracement.\nFrom here, bulls are looking for the $87 to $88 area to again turn from resistance into support. If that happens, the $94 to $96 area is certainly within reach.\nIf AMD can push through that zone, look for a test of the all-time high at $99.13 and then $100 above that.\nShould shares really get moving - like Nvidia did - then the $115 level could be in play near the 161.8% extension.\nOn the downside, a move back below $87 needs to be met by support from the 50-day moving average. Otherwise, $80 could be on the table.","news_type":1,"symbols_score_info":{"AMD":0.9}},"isVote":1,"tweetType":1,"viewCount":3817,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153434807,"gmtCreate":1625041723709,"gmtModify":1631890698538,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"wow like for like&nbsp;","listText":"wow like for like&nbsp;","text":"wow like for 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15:42","market":"us","language":"en","title":"Albert Edwards: The Fed Is Trapped In An Epic Bubble, It Can Never Normalize Rates Again<blockquote>艾伯特·爱德华兹：美联储陷入史诗般的泡沫，永远无法再次实现利率正常化</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1119915886","media":"zerohedge","summary":"One week ago,we explained whythe Fed made a huge policy error last Wednesday when its latest dot plo","content":"<p>One week ago,we explained whythe Fed made a huge policy error last Wednesday when its latest dot plot showed two rate hikes: in simple terms, while market pricing for hikes in 2023 and 2024 went up, yields beyond that dropped as the market said that the best the Fed can do is less than 2-years of rate hikes.</p><p><blockquote>一周前，我们解释了为什么美联储上周三犯了一个巨大的政策错误，当时其最新的点阵图显示了两次加息：简单来说，虽然市场对2023年和2024年加息的定价上升，但超过这一水平的收益率却下降了，因为市场表示美联储最多只能加息不到两年。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/553b5c9e65ffdc0b996916d81dcba85e\" tg-width=\"552\" tg-height=\"280\"></p><p><blockquote></blockquote></p><p> Said otherwise, if the Fed decides to hike - as first Powell hinted and then Bullard doubled down on Friday sending stocks plunging -<b>the market is saying that&nbsp; it won’t be able to go very far before inflation and growth hit a speed limit,</b>pushing yield expectations after the initial hike lower.</p><p><blockquote>否则，如果美联储决定加息——正如鲍威尔首先暗示的那样，然后布拉德周五加倍加息，导致股市暴跌——<b>市场表示，在通胀和增长达到限速之前，它不会走得太远，</b>首次加息后压低收益率预期。</blockquote></p><p> This very pessimistic view on r*,first laid out here in 2015, is also in line with market behavior beyond the bond market. First, as Deutsche Bank's FX strategist George Saravelos said, it is aligned with the very high dollar responsiveness we have seen to even small shifts in Fed stance: huge pent-up demand for yield from investors across the planet forces a stronger dollar and a bigger disinflationary impact quicker than assumed. In other words, a low global r*<i>(remember the rest of the world still has massive current account surpluses, or excess savings)</i>pushes US r* even lower.</p><p><blockquote>这种对r*的非常悲观的观点于2015年首次在这里提出，也符合债券市场以外的市场行为。首先，正如德意志银行（Deutsche Bank）外汇策略师乔治·萨拉维洛斯（George Saravelos）所说，这与我们所看到的美元对美联储立场哪怕是很小的转变的非常高的反应是一致的：全球投资者对收益率的巨大压抑需求迫使美元走强，通货紧缩的影响比预期的要快。换句话说，低全局r*<i>（请记住，世界其他地区仍然拥有巨额经常账户盈余或超额储蓄）</i>把我们的r*推得更低。</blockquote></p><p> Second, a low r* is consistent with continued equity resilience, especially in growth stocks heavily reliant on a low medium-term discount rate. That the equity moves in the past two days were led by huge relative rotation from the Russell to the NASDAQ should not be a surprise. This, as Deutsche Bank ominously warns<u>,</u><b><u>is 2010-19 secular stagnation pricing, version 2</u></b><b>.</b></p><p><blockquote>其次，低r*与持续的股票弹性是一致的，特别是在严重依赖低中期贴现率的成长型股票中。过去两天的股市走势是由从罗素指数到纳斯达克的巨大相对轮动带动的，这并不奇怪。正如德意志银行不祥警告的那样<u>,</u><b><u>is 2010-19长期停滞定价，第2版</u></b><b>.</b></blockquote></p><p> Here, another, even bigger question emerged: will the US even be able to sustain positive GDP growth absent trillions in new stimulus each and every year? And even more ominous:<b>what happens to inflation if the Fed is forced to cut rates well before the inflationary burst is extinguished?</b>These are among uncomfortable questions markets will have to answer in the coming months.</p><p><blockquote>在这里，另一个更大的问题出现了：如果没有每年数万亿美元的新刺激措施，美国还能维持GDP的正增长吗？更不祥的是：<b>如果美联储在通胀爆发消失之前被迫降息，通胀会发生什么？</b>这些都是市场在未来几个月必须回答的令人不安的问题。</blockquote></p><p> * * *</p><p><blockquote>***</blockquote></p><p> Fast forward to today when SocGen's in-house permagrouch, Albert Edwards, offered an answer to all of these critical questions posed by the Fed: according to Edwards, the market does not have to worry much about such trivial questions as<i>\"is inflation transitory or not\"</i>for the simple reason that<i><b>The Fed’s ambition to normalize rates can never be achieved.</b></i></p><p><blockquote>快进到今天，法国兴业银行的内部permagrouch艾伯特·爱德华兹(Albert Edwards)为美联储提出的所有这些关键问题提供了答案：根据爱德华兹的说法，市场不必太担心诸如<i>“通货膨胀是不是暂时的”</i>原因很简单<i><b>美联储利率正常化的雄心永远无法实现。</b></i></blockquote></p><p> Picking up on the observations made by Deutsche Bank's head of FX, Edwards writes that while the global reflation trade was already in retreat, its head of lobbed off by the Fed in its surprisingly hawkish statement of intent last week, a \"retreat which quickly turned into a rout across many asset classes.\"</p><p><blockquote>爱德华兹根据德意志银行外汇主管的观察写道，虽然全球通货再膨胀交易已经在消退，但美联储上周在其令人惊讶的鹰派意向声明中驳斥了德意志银行外汇主管的观点，“撤退很快就变成了许多资产类别的溃败。”</blockquote></p><p> And while it was not quite in the same league as Bernanke's 2013 \"Taper Tantrum\" it clearly demonstrated the market’s sensitivity to the Fed’s intentions, fickle as they may be. The biggest surprise: after an initial selloff, the long end of the bond market rallied - in contrast to the sharp sell-off in 2013, or as Edwards echoes what we said:<i><b>Maybe the market now realizes that a Fed tightening cycle is impossible?</b></i></p><p><blockquote>尽管这与伯南克2013年的“缩减恐慌”不太一样，但它清楚地表明了市场对美联储意图的敏感性，尽管这些意图可能变化无常。最大的惊喜：在最初的抛售之后，债券市场的多头反弹——与2013年的大幅抛售形成鲜明对比，或者正如爱德华兹呼应我们所说的：<i><b>也许市场现在意识到美联储紧缩周期是不可能的？</b></i></blockquote></p><p> Referencing aWSJ articleby the Fed's former mouthpiece, Edwards writes that according to Jon Hilsenrath there are two explanations.</p><p><blockquote>爱德华兹引用美联储前发言人aWSJ的文章写道，根据乔恩·希尔森拉斯的说法，有两种解释。</blockquote></p><p> <ul>  <li>First, the Fed has done a better job communicating its intentions this time round (personally I think not).</li>  <li>Secondly and more worryingly, Hilsenrath writes that the markets could be too complacent.</li> </ul> Edwards next notes that according to Jeremy Stein who was a Fed Governor during the 2013 tantrum, the markets shouldn’t take a benign view of the extent of potential tightening as<i><b>“The Fed cannot support markets if there’s an inflation surprise.”</b></i>He said that Fed Chair Powell, his former colleague, has been adept at shifting his stance when needed. Despite the market’s tranquillity today, he said, Powell may need that nimbleness in the months ahead. Indeed, Mr. Powell said in a June 16 news conference “<i><b>We will do what we can to avoid a market reaction. But ultimately, when we achieve our macroeconomic goal, we will taper as appropriate”.</b></i></p><p><blockquote><ul><li>首先，美联储这一次在传达其意图方面做得更好（我个人认为不是）。</li><li>其次，也是更令人担忧的是，希尔森拉斯写道，市场可能过于自满。</li></ul>爱德华兹接下来指出，根据2013年发脾气期间担任美联储理事的杰里米·斯坦(Jeremy Stein)的说法，市场不应该对潜在紧缩的程度抱有善意的看法。<i><b>“如果出现通胀意外，美联储将无法支持市场。”</b></i>他表示，他的前同事美联储主席鲍威尔善于在需要时改变立场。他表示，尽管今天市场平静，但鲍威尔在未来几个月可能需要这种灵活性。事实上，鲍威尔先生在6月16日的新闻发布会上说“<i><b>我们将尽我们所能避免市场反应。但最终，当我们实现宏观经济目标时，我们将酌情缩减规模”。</b></i></blockquote></p><p> The permacynical Edwards then explodes, and says that when he reads those sorts of statements, he \"literally laughs out loud\" and asks \"is this the same Jerome Powell who at the end of 2018, after talking tough for months about the unwinding of the Fed balance sheet being on “auto-pilot” did a 180 degree about turn when markets began to swoon at the end of that year?<b>He is indeed nimble – in retreat!</b>\"</p><p><blockquote>一贯愤世嫉俗的爱德华兹随后爆发，并表示，当他读到这类声明时，他“真的笑出声来”，并问道：“这是同一个杰罗姆·鲍威尔吗？他在2018年底就美联储资产负债表的解除进行了几个月的强硬言论后，在当年年底市场开始低迷时，他的资产负债表处于“自动驾驶”状态，来了个180度大转弯？<b>他确实很敏捷——在撤退中！</b>\"</blockquote></p><p> Perhaps Edwards is no longer alone in his uber skepticism: after all none other than Bank of America recently said that everyone knows the Fed will stop tapering assoon as the S&amp;P drops 10%...which isn't a good sign when it comes to Powell's credibility.</p><p><blockquote>也许爱德华兹不再是唯一一个持超级怀疑态度的人：毕竟，不是别人，正是美国银行最近表示，随着标准普尔指数下跌10%，每个人都知道美联储将立即停止缩减规模……对于鲍威尔的可信度来说，这不是一个好兆头。</blockquote></p><p></p><p> So why does Edwards think the bond market reacted inversely to its Taper Tantrum shock? \"In my opinion the bond market rallied because they know that Fed easy money comes at a heavy price.\"</p><p><blockquote>那么，为什么爱德华兹认为债券市场对其缩减恐慌冲击做出了相反的反应呢？“在我看来，债券市场上涨是因为他们知道美联储的宽松货币政策付出了沉重的代价。”</blockquote></p><p> It's not just that: with the Fed having gone all in on reflating everything, not just the economy and stock market but the housing market too, a crash in any of the three would result in an immediate depression. That's why Edwards thinks that the bond market<b>\"just doesn’t believe the Fed can follow through on its tougher talk. Why? Because having created another huge, real-terms house price bubble, they are trapped\"...</b></p><p><blockquote>不仅如此：随着美联储全力推动一切通货再膨胀，不仅是经济和股市，还有房地产市场，这三者中的任何一个崩溃都将导致立即的萧条。这就是为什么爱德华兹认为债券市场<b>“只是不相信美联储能够坚持其更强硬的言论。为什么？因为在制造了另一个巨大的实际房价泡沫后，他们被困住了”...</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/da894f1f697890f14bbd7a2f9fd8e139\" tg-width=\"500\" tg-height=\"214\"></p><p><blockquote></blockquote></p><p> <b>...</b>which confirms what we have said since 2009: that \"central banks have become slaves to the bubbles that they blow – the markets quickly forcing a reversal of any tightening. This time around will be no different.\"</p><p><blockquote><b>...</b>这证实了我们自2009年以来所说的：“央行已经成为他们吹出的泡沫的奴隶——市场迅速迫使任何紧缩政策逆转。这一次也不会有什么不同。”</blockquote></p><p> And speaking of blowing house price bubbles, Edwards points out that \"there isn’t even room for the Fed on the medal podium. Pointing to the chart below...</p><p><blockquote>谈到吹大房价泡沫，爱德华兹指出，“奖牌领奖台上甚至没有美联储的位置。指向下图...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/01eba2b10798b2941e9d408a94c428f5\" tg-width=\"800\" tg-height=\"475\"></p><p><blockquote></blockquote></p><p> ... Edwards concludes that '<b>this is now a global property bubble of epic proportions never before seen by man or beast and it has entrapped more CBs than just the Fed.</b>\"</p><p><blockquote>...爱德华兹的结论是“<b>现在，这是一场史无前例的全球房地产泡沫，它困住了更多的哥伦比亚广播公司，而不仅仅是美联储。</b>\"</blockquote></p><p> Bottom line: any attempt to normalize will leads to an immediate bursting of one or more asset bubbles, which will immediately draw the Fed right back in, resulting in an even bigger bubble, and yes- it means that sooner or later the Fed's two most hated assets, cryptos and gold, will both trade far above $100,000 once the world realizes that thehyperinflation that even BofA sees comingis not \"transitory.\"</p><p><blockquote>底线：任何正常化的尝试都将导致一个或多个资产泡沫立即破裂，这将立即将美联储拉回来，导致更大的泡沫，是的，这意味着美联储迟早会出现两个最令人讨厌的资产一旦世界意识到连美国银行都认为即将到来的恶性通货膨胀不是“暂时的”，加密货币和黄金的交易价格都将远高于10万美元。</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>Albert Edwards: The Fed Is Trapped In An Epic Bubble, It Can Never Normalize Rates Again<blockquote>艾伯特·爱德华兹：美联储陷入史诗般的泡沫，永远无法再次实现利率正常化</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; 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}\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\">\nAlbert Edwards: The Fed Is Trapped In An Epic Bubble, It Can Never Normalize Rates Again<blockquote>艾伯特·爱德华兹：美联储陷入史诗般的泡沫，永远无法再次实现利率正常化</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-06-25 15:42</span>\n</p>\n</h4>\n</header>\n<article>\n<p>One week ago,we explained whythe Fed made a huge policy error last Wednesday when its latest dot plot showed two rate hikes: in simple terms, while market pricing for hikes in 2023 and 2024 went up, yields beyond that dropped as the market said that the best the Fed can do is less than 2-years of rate hikes.</p><p><blockquote>一周前，我们解释了为什么美联储上周三犯了一个巨大的政策错误，当时其最新的点阵图显示了两次加息：简单来说，虽然市场对2023年和2024年加息的定价上升，但超过这一水平的收益率却下降了，因为市场表示美联储最多只能加息不到两年。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/553b5c9e65ffdc0b996916d81dcba85e\" tg-width=\"552\" tg-height=\"280\"></p><p><blockquote></blockquote></p><p> Said otherwise, if the Fed decides to hike - as first Powell hinted and then Bullard doubled down on Friday sending stocks plunging -<b>the market is saying that&nbsp; it won’t be able to go very far before inflation and growth hit a speed limit,</b>pushing yield expectations after the initial hike lower.</p><p><blockquote>否则，如果美联储决定加息——正如鲍威尔首先暗示的那样，然后布拉德周五加倍加息，导致股市暴跌——<b>市场表示，在通胀和增长达到限速之前，它不会走得太远，</b>首次加息后压低收益率预期。</blockquote></p><p> This very pessimistic view on r*,first laid out here in 2015, is also in line with market behavior beyond the bond market. First, as Deutsche Bank's FX strategist George Saravelos said, it is aligned with the very high dollar responsiveness we have seen to even small shifts in Fed stance: huge pent-up demand for yield from investors across the planet forces a stronger dollar and a bigger disinflationary impact quicker than assumed. In other words, a low global r*<i>(remember the rest of the world still has massive current account surpluses, or excess savings)</i>pushes US r* even lower.</p><p><blockquote>这种对r*的非常悲观的观点于2015年首次在这里提出，也符合债券市场以外的市场行为。首先，正如德意志银行（Deutsche Bank）外汇策略师乔治·萨拉维洛斯（George Saravelos）所说，这与我们所看到的美元对美联储立场哪怕是很小的转变的非常高的反应是一致的：全球投资者对收益率的巨大压抑需求迫使美元走强，通货紧缩的影响比预期的要快。换句话说，低全局r*<i>（请记住，世界其他地区仍然拥有巨额经常账户盈余或超额储蓄）</i>把我们的r*推得更低。</blockquote></p><p> Second, a low r* is consistent with continued equity resilience, especially in growth stocks heavily reliant on a low medium-term discount rate. That the equity moves in the past two days were led by huge relative rotation from the Russell to the NASDAQ should not be a surprise. This, as Deutsche Bank ominously warns<u>,</u><b><u>is 2010-19 secular stagnation pricing, version 2</u></b><b>.</b></p><p><blockquote>其次，低r*与持续的股票弹性是一致的，特别是在严重依赖低中期贴现率的成长型股票中。过去两天的股市走势是由从罗素指数到纳斯达克的巨大相对轮动带动的，这并不奇怪。正如德意志银行不祥警告的那样<u>,</u><b><u>is 2010-19长期停滞定价，第2版</u></b><b>.</b></blockquote></p><p> Here, another, even bigger question emerged: will the US even be able to sustain positive GDP growth absent trillions in new stimulus each and every year? And even more ominous:<b>what happens to inflation if the Fed is forced to cut rates well before the inflationary burst is extinguished?</b>These are among uncomfortable questions markets will have to answer in the coming months.</p><p><blockquote>在这里，另一个更大的问题出现了：如果没有每年数万亿美元的新刺激措施，美国还能维持GDP的正增长吗？更不祥的是：<b>如果美联储在通胀爆发消失之前被迫降息，通胀会发生什么？</b>这些都是市场在未来几个月必须回答的令人不安的问题。</blockquote></p><p> * * *</p><p><blockquote>***</blockquote></p><p> Fast forward to today when SocGen's in-house permagrouch, Albert Edwards, offered an answer to all of these critical questions posed by the Fed: according to Edwards, the market does not have to worry much about such trivial questions as<i>\"is inflation transitory or not\"</i>for the simple reason that<i><b>The Fed’s ambition to normalize rates can never be achieved.</b></i></p><p><blockquote>快进到今天，法国兴业银行的内部permagrouch艾伯特·爱德华兹(Albert Edwards)为美联储提出的所有这些关键问题提供了答案：根据爱德华兹的说法，市场不必太担心诸如<i>“通货膨胀是不是暂时的”</i>原因很简单<i><b>美联储利率正常化的雄心永远无法实现。</b></i></blockquote></p><p> Picking up on the observations made by Deutsche Bank's head of FX, Edwards writes that while the global reflation trade was already in retreat, its head of lobbed off by the Fed in its surprisingly hawkish statement of intent last week, a \"retreat which quickly turned into a rout across many asset classes.\"</p><p><blockquote>爱德华兹根据德意志银行外汇主管的观察写道，虽然全球通货再膨胀交易已经在消退，但美联储上周在其令人惊讶的鹰派意向声明中驳斥了德意志银行外汇主管的观点，“撤退很快就变成了许多资产类别的溃败。”</blockquote></p><p> And while it was not quite in the same league as Bernanke's 2013 \"Taper Tantrum\" it clearly demonstrated the market’s sensitivity to the Fed’s intentions, fickle as they may be. The biggest surprise: after an initial selloff, the long end of the bond market rallied - in contrast to the sharp sell-off in 2013, or as Edwards echoes what we said:<i><b>Maybe the market now realizes that a Fed tightening cycle is impossible?</b></i></p><p><blockquote>尽管这与伯南克2013年的“缩减恐慌”不太一样，但它清楚地表明了市场对美联储意图的敏感性，尽管这些意图可能变化无常。最大的惊喜：在最初的抛售之后，债券市场的多头反弹——与2013年的大幅抛售形成鲜明对比，或者正如爱德华兹呼应我们所说的：<i><b>也许市场现在意识到美联储紧缩周期是不可能的？</b></i></blockquote></p><p> Referencing aWSJ articleby the Fed's former mouthpiece, Edwards writes that according to Jon Hilsenrath there are two explanations.</p><p><blockquote>爱德华兹引用美联储前发言人aWSJ的文章写道，根据乔恩·希尔森拉斯的说法，有两种解释。</blockquote></p><p> <ul>  <li>First, the Fed has done a better job communicating its intentions this time round (personally I think not).</li>  <li>Secondly and more worryingly, Hilsenrath writes that the markets could be too complacent.</li> </ul> Edwards next notes that according to Jeremy Stein who was a Fed Governor during the 2013 tantrum, the markets shouldn’t take a benign view of the extent of potential tightening as<i><b>“The Fed cannot support markets if there’s an inflation surprise.”</b></i>He said that Fed Chair Powell, his former colleague, has been adept at shifting his stance when needed. Despite the market’s tranquillity today, he said, Powell may need that nimbleness in the months ahead. Indeed, Mr. Powell said in a June 16 news conference “<i><b>We will do what we can to avoid a market reaction. But ultimately, when we achieve our macroeconomic goal, we will taper as appropriate”.</b></i></p><p><blockquote><ul><li>首先，美联储这一次在传达其意图方面做得更好（我个人认为不是）。</li><li>其次，也是更令人担忧的是，希尔森拉斯写道，市场可能过于自满。</li></ul>爱德华兹接下来指出，根据2013年发脾气期间担任美联储理事的杰里米·斯坦(Jeremy Stein)的说法，市场不应该对潜在紧缩的程度抱有善意的看法。<i><b>“如果出现通胀意外，美联储将无法支持市场。”</b></i>他表示，他的前同事美联储主席鲍威尔善于在需要时改变立场。他表示，尽管今天市场平静，但鲍威尔在未来几个月可能需要这种灵活性。事实上，鲍威尔先生在6月16日的新闻发布会上说“<i><b>我们将尽我们所能避免市场反应。但最终，当我们实现宏观经济目标时，我们将酌情缩减规模”。</b></i></blockquote></p><p> The permacynical Edwards then explodes, and says that when he reads those sorts of statements, he \"literally laughs out loud\" and asks \"is this the same Jerome Powell who at the end of 2018, after talking tough for months about the unwinding of the Fed balance sheet being on “auto-pilot” did a 180 degree about turn when markets began to swoon at the end of that year?<b>He is indeed nimble – in retreat!</b>\"</p><p><blockquote>一贯愤世嫉俗的爱德华兹随后爆发，并表示，当他读到这类声明时，他“真的笑出声来”，并问道：“这是同一个杰罗姆·鲍威尔吗？他在2018年底就美联储资产负债表的解除进行了几个月的强硬言论后，在当年年底市场开始低迷时，他的资产负债表处于“自动驾驶”状态，来了个180度大转弯？<b>他确实很敏捷——在撤退中！</b>\"</blockquote></p><p> Perhaps Edwards is no longer alone in his uber skepticism: after all none other than Bank of America recently said that everyone knows the Fed will stop tapering assoon as the S&amp;P drops 10%...which isn't a good sign when it comes to Powell's credibility.</p><p><blockquote>也许爱德华兹不再是唯一一个持超级怀疑态度的人：毕竟，不是别人，正是美国银行最近表示，随着标准普尔指数下跌10%，每个人都知道美联储将立即停止缩减规模……对于鲍威尔的可信度来说，这不是一个好兆头。</blockquote></p><p></p><p> So why does Edwards think the bond market reacted inversely to its Taper Tantrum shock? \"In my opinion the bond market rallied because they know that Fed easy money comes at a heavy price.\"</p><p><blockquote>那么，为什么爱德华兹认为债券市场对其缩减恐慌冲击做出了相反的反应呢？“在我看来，债券市场上涨是因为他们知道美联储的宽松货币政策付出了沉重的代价。”</blockquote></p><p> It's not just that: with the Fed having gone all in on reflating everything, not just the economy and stock market but the housing market too, a crash in any of the three would result in an immediate depression. That's why Edwards thinks that the bond market<b>\"just doesn’t believe the Fed can follow through on its tougher talk. Why? Because having created another huge, real-terms house price bubble, they are trapped\"...</b></p><p><blockquote>不仅如此：随着美联储全力推动一切通货再膨胀，不仅是经济和股市，还有房地产市场，这三者中的任何一个崩溃都将导致立即的萧条。这就是为什么爱德华兹认为债券市场<b>“只是不相信美联储能够坚持其更强硬的言论。为什么？因为在制造了另一个巨大的实际房价泡沫后，他们被困住了”...</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/da894f1f697890f14bbd7a2f9fd8e139\" tg-width=\"500\" tg-height=\"214\"></p><p><blockquote></blockquote></p><p> <b>...</b>which confirms what we have said since 2009: that \"central banks have become slaves to the bubbles that they blow – the markets quickly forcing a reversal of any tightening. This time around will be no different.\"</p><p><blockquote><b>...</b>这证实了我们自2009年以来所说的：“央行已经成为他们吹出的泡沫的奴隶——市场迅速迫使任何紧缩政策逆转。这一次也不会有什么不同。”</blockquote></p><p> And speaking of blowing house price bubbles, Edwards points out that \"there isn’t even room for the Fed on the medal podium. Pointing to the chart below...</p><p><blockquote>谈到吹大房价泡沫，爱德华兹指出，“奖牌领奖台上甚至没有美联储的位置。指向下图...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/01eba2b10798b2941e9d408a94c428f5\" tg-width=\"800\" tg-height=\"475\"></p><p><blockquote></blockquote></p><p> ... Edwards concludes that '<b>this is now a global property bubble of epic proportions never before seen by man or beast and it has entrapped more CBs than just the Fed.</b>\"</p><p><blockquote>...爱德华兹的结论是“<b>现在，这是一场史无前例的全球房地产泡沫，它困住了更多的哥伦比亚广播公司，而不仅仅是美联储。</b>\"</blockquote></p><p> Bottom line: any attempt to normalize will leads to an immediate bursting of one or more asset bubbles, which will immediately draw the Fed right back in, resulting in an even bigger bubble, and yes- it means that sooner or later the Fed's two most hated assets, cryptos and gold, will both trade far above $100,000 once the world realizes that thehyperinflation that even BofA sees comingis not \"transitory.\"</p><p><blockquote>底线：任何正常化的尝试都将导致一个或多个资产泡沫立即破裂，这将立即将美联储拉回来，导致更大的泡沫，是的，这意味着美联储迟早会出现两个最令人讨厌的资产一旦世界意识到连美国银行都认为即将到来的恶性通货膨胀不是“暂时的”，加密货币和黄金的交易价格都将远高于10万美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/albert-edwards-fed-trapped-epic-bubble-it-can-never-normalize-rates-again\">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":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SPY":"标普500ETF"},"source_url":"https://www.zerohedge.com/markets/albert-edwards-fed-trapped-epic-bubble-it-can-never-normalize-rates-again","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119915886","content_text":"One week ago,we explained whythe Fed made a huge policy error last Wednesday when its latest dot plot showed two rate hikes: in simple terms, while market pricing for hikes in 2023 and 2024 went up, yields beyond that dropped as the market said that the best the Fed can do is less than 2-years of rate hikes.\n\nSaid otherwise, if the Fed decides to hike - as first Powell hinted and then Bullard doubled down on Friday sending stocks plunging -the market is saying that  it won’t be able to go very far before inflation and growth hit a speed limit,pushing yield expectations after the initial hike lower.\nThis very pessimistic view on r*,first laid out here in 2015, is also in line with market behavior beyond the bond market. First, as Deutsche Bank's FX strategist George Saravelos said, it is aligned with the very high dollar responsiveness we have seen to even small shifts in Fed stance: huge pent-up demand for yield from investors across the planet forces a stronger dollar and a bigger disinflationary impact quicker than assumed. In other words, a low global r*(remember the rest of the world still has massive current account surpluses, or excess savings)pushes US r* even lower.\nSecond, a low r* is consistent with continued equity resilience, especially in growth stocks heavily reliant on a low medium-term discount rate. That the equity moves in the past two days were led by huge relative rotation from the Russell to the NASDAQ should not be a surprise. This, as Deutsche Bank ominously warns,is 2010-19 secular stagnation pricing, version 2.\nHere, another, even bigger question emerged: will the US even be able to sustain positive GDP growth absent trillions in new stimulus each and every year? And even more ominous:what happens to inflation if the Fed is forced to cut rates well before the inflationary burst is extinguished?These are among uncomfortable questions markets will have to answer in the coming months.\n* * *\nFast forward to today when SocGen's in-house permagrouch, Albert Edwards, offered an answer to all of these critical questions posed by the Fed: according to Edwards, the market does not have to worry much about such trivial questions as\"is inflation transitory or not\"for the simple reason thatThe Fed’s ambition to normalize rates can never be achieved.\nPicking up on the observations made by Deutsche Bank's head of FX, Edwards writes that while the global reflation trade was already in retreat, its head of lobbed off by the Fed in its surprisingly hawkish statement of intent last week, a \"retreat which quickly turned into a rout across many asset classes.\"\nAnd while it was not quite in the same league as Bernanke's 2013 \"Taper Tantrum\" it clearly demonstrated the market’s sensitivity to the Fed’s intentions, fickle as they may be. The biggest surprise: after an initial selloff, the long end of the bond market rallied - in contrast to the sharp sell-off in 2013, or as Edwards echoes what we said:Maybe the market now realizes that a Fed tightening cycle is impossible?\nReferencing aWSJ articleby the Fed's former mouthpiece, Edwards writes that according to Jon Hilsenrath there are two explanations.\n\nFirst, the Fed has done a better job communicating its intentions this time round (personally I think not).\nSecondly and more worryingly, Hilsenrath writes that the markets could be too complacent.\n\nEdwards next notes that according to Jeremy Stein who was a Fed Governor during the 2013 tantrum, the markets shouldn’t take a benign view of the extent of potential tightening as“The Fed cannot support markets if there’s an inflation surprise.”He said that Fed Chair Powell, his former colleague, has been adept at shifting his stance when needed. Despite the market’s tranquillity today, he said, Powell may need that nimbleness in the months ahead. Indeed, Mr. Powell said in a June 16 news conference “We will do what we can to avoid a market reaction. But ultimately, when we achieve our macroeconomic goal, we will taper as appropriate”.\nThe permacynical Edwards then explodes, and says that when he reads those sorts of statements, he \"literally laughs out loud\" and asks \"is this the same Jerome Powell who at the end of 2018, after talking tough for months about the unwinding of the Fed balance sheet being on “auto-pilot” did a 180 degree about turn when markets began to swoon at the end of that year?He is indeed nimble – in retreat!\"\nPerhaps Edwards is no longer alone in his uber skepticism: after all none other than Bank of America recently said that everyone knows the Fed will stop tapering assoon as the S&P drops 10%...which isn't a good sign when it comes to Powell's credibility.\nSo why does Edwards think the bond market reacted inversely to its Taper Tantrum shock? \"In my opinion the bond market rallied because they know that Fed easy money comes at a heavy price.\"\nIt's not just that: with the Fed having gone all in on reflating everything, not just the economy and stock market but the housing market too, a crash in any of the three would result in an immediate depression. That's why Edwards thinks that the bond market\"just doesn’t believe the Fed can follow through on its tougher talk. Why? Because having created another huge, real-terms house price bubble, they are trapped\"...\n\n...which confirms what we have said since 2009: that \"central banks have become slaves to the bubbles that they blow – the markets quickly forcing a reversal of any tightening. This time around will be no different.\"\nAnd speaking of blowing house price bubbles, Edwards points out that \"there isn’t even room for the Fed on the medal podium. Pointing to the chart below...\n\n... Edwards concludes that 'this is now a global property bubble of epic proportions never before seen by man or beast and it has entrapped more CBs than just the Fed.\"\nBottom line: any attempt to normalize will leads to an immediate bursting of one or more asset bubbles, which will immediately draw the Fed right back in, resulting in an even bigger bubble, and yes- it means that sooner or later the Fed's two most hated assets, cryptos and gold, will both trade far above $100,000 once the world realizes that thehyperinflation that even BofA sees comingis not \"transitory.\"","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":447,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":122171120,"gmtCreate":1624608102860,"gmtModify":1631892901490,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"wow&nbsp;","listText":"wow&nbsp;","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/122171120","repostId":"1119915886","repostType":4,"repost":{"id":"1119915886","kind":"news","pubTimestamp":1624606971,"share":"https://www.laohu8.com/m/news/1119915886?lang=zh_CN&edition=full","pubTime":"2021-06-25 15:42","market":"us","language":"en","title":"Albert Edwards: The Fed Is Trapped In An Epic Bubble, It Can Never Normalize Rates Again<blockquote>艾伯特·爱德华兹：美联储陷入史诗般的泡沫，永远无法再次实现利率正常化</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1119915886","media":"zerohedge","summary":"One week ago,we explained whythe Fed made a huge policy error last Wednesday when its latest dot plo","content":"<p>One week ago,we explained whythe Fed made a huge policy error last Wednesday when its latest dot plot showed two rate hikes: in simple terms, while market pricing for hikes in 2023 and 2024 went up, yields beyond that dropped as the market said that the best the Fed can do is less than 2-years of rate hikes.</p><p><blockquote>一周前，我们解释了为什么美联储上周三犯了一个巨大的政策错误，当时其最新的点阵图显示了两次加息：简单来说，虽然市场对2023年和2024年加息的定价上升，但超过这一水平的收益率却下降了，因为市场表示美联储最多只能加息不到两年。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/553b5c9e65ffdc0b996916d81dcba85e\" tg-width=\"552\" tg-height=\"280\"></p><p><blockquote></blockquote></p><p> Said otherwise, if the Fed decides to hike - as first Powell hinted and then Bullard doubled down on Friday sending stocks plunging -<b>the market is saying that&nbsp; it won’t be able to go very far before inflation and growth hit a speed limit,</b>pushing yield expectations after the initial hike lower.</p><p><blockquote>否则，如果美联储决定加息——正如鲍威尔首先暗示的那样，然后布拉德周五加倍加息，导致股市暴跌——<b>市场表示，在通胀和增长达到限速之前，它不会走得太远，</b>首次加息后压低收益率预期。</blockquote></p><p> This very pessimistic view on r*,first laid out here in 2015, is also in line with market behavior beyond the bond market. First, as Deutsche Bank's FX strategist George Saravelos said, it is aligned with the very high dollar responsiveness we have seen to even small shifts in Fed stance: huge pent-up demand for yield from investors across the planet forces a stronger dollar and a bigger disinflationary impact quicker than assumed. In other words, a low global r*<i>(remember the rest of the world still has massive current account surpluses, or excess savings)</i>pushes US r* even lower.</p><p><blockquote>这种对r*的非常悲观的观点于2015年首次在这里提出，也符合债券市场以外的市场行为。首先，正如德意志银行（Deutsche Bank）外汇策略师乔治·萨拉维洛斯（George Saravelos）所说，这与我们所看到的美元对美联储立场哪怕是很小的转变的非常高的反应是一致的：全球投资者对收益率的巨大压抑需求迫使美元走强，通货紧缩的影响比预期的要快。换句话说，低全局r*<i>（请记住，世界其他地区仍然拥有巨额经常账户盈余或超额储蓄）</i>把我们的r*推得更低。</blockquote></p><p> Second, a low r* is consistent with continued equity resilience, especially in growth stocks heavily reliant on a low medium-term discount rate. That the equity moves in the past two days were led by huge relative rotation from the Russell to the NASDAQ should not be a surprise. This, as Deutsche Bank ominously warns<u>,</u><b><u>is 2010-19 secular stagnation pricing, version 2</u></b><b>.</b></p><p><blockquote>其次，低r*与持续的股票弹性是一致的，特别是在严重依赖低中期贴现率的成长型股票中。过去两天的股市走势是由从罗素指数到纳斯达克的巨大相对轮动带动的，这并不奇怪。正如德意志银行不祥警告的那样<u>,</u><b><u>is 2010-19长期停滞定价，第2版</u></b><b>.</b></blockquote></p><p> Here, another, even bigger question emerged: will the US even be able to sustain positive GDP growth absent trillions in new stimulus each and every year? And even more ominous:<b>what happens to inflation if the Fed is forced to cut rates well before the inflationary burst is extinguished?</b>These are among uncomfortable questions markets will have to answer in the coming months.</p><p><blockquote>在这里，另一个更大的问题出现了：如果没有每年数万亿美元的新刺激措施，美国还能维持GDP的正增长吗？更不祥的是：<b>如果美联储在通胀爆发消失之前被迫降息，通胀会发生什么？</b>这些都是市场在未来几个月必须回答的令人不安的问题。</blockquote></p><p> * * *</p><p><blockquote>***</blockquote></p><p> Fast forward to today when SocGen's in-house permagrouch, Albert Edwards, offered an answer to all of these critical questions posed by the Fed: according to Edwards, the market does not have to worry much about such trivial questions as<i>\"is inflation transitory or not\"</i>for the simple reason that<i><b>The Fed’s ambition to normalize rates can never be achieved.</b></i></p><p><blockquote>快进到今天，法国兴业银行的内部permagrouch艾伯特·爱德华兹(Albert Edwards)为美联储提出的所有这些关键问题提供了答案：根据爱德华兹的说法，市场不必太担心诸如<i>“通货膨胀是不是暂时的”</i>原因很简单<i><b>美联储利率正常化的雄心永远无法实现。</b></i></blockquote></p><p> Picking up on the observations made by Deutsche Bank's head of FX, Edwards writes that while the global reflation trade was already in retreat, its head of lobbed off by the Fed in its surprisingly hawkish statement of intent last week, a \"retreat which quickly turned into a rout across many asset classes.\"</p><p><blockquote>爱德华兹根据德意志银行外汇主管的观察写道，虽然全球通货再膨胀交易已经在消退，但美联储上周在其令人惊讶的鹰派意向声明中驳斥了德意志银行外汇主管的观点，“撤退很快就变成了许多资产类别的溃败。”</blockquote></p><p> And while it was not quite in the same league as Bernanke's 2013 \"Taper Tantrum\" it clearly demonstrated the market’s sensitivity to the Fed’s intentions, fickle as they may be. The biggest surprise: after an initial selloff, the long end of the bond market rallied - in contrast to the sharp sell-off in 2013, or as Edwards echoes what we said:<i><b>Maybe the market now realizes that a Fed tightening cycle is impossible?</b></i></p><p><blockquote>尽管这与伯南克2013年的“缩减恐慌”不太一样，但它清楚地表明了市场对美联储意图的敏感性，尽管这些意图可能变化无常。最大的惊喜：在最初的抛售之后，债券市场的多头反弹——与2013年的大幅抛售形成鲜明对比，或者正如爱德华兹呼应我们所说的：<i><b>也许市场现在意识到美联储紧缩周期是不可能的？</b></i></blockquote></p><p> Referencing aWSJ articleby the Fed's former mouthpiece, Edwards writes that according to Jon Hilsenrath there are two explanations.</p><p><blockquote>爱德华兹引用美联储前发言人aWSJ的文章写道，根据乔恩·希尔森拉斯的说法，有两种解释。</blockquote></p><p> <ul>  <li>First, the Fed has done a better job communicating its intentions this time round (personally I think not).</li>  <li>Secondly and more worryingly, Hilsenrath writes that the markets could be too complacent.</li> </ul> Edwards next notes that according to Jeremy Stein who was a Fed Governor during the 2013 tantrum, the markets shouldn’t take a benign view of the extent of potential tightening as<i><b>“The Fed cannot support markets if there’s an inflation surprise.”</b></i>He said that Fed Chair Powell, his former colleague, has been adept at shifting his stance when needed. Despite the market’s tranquillity today, he said, Powell may need that nimbleness in the months ahead. Indeed, Mr. Powell said in a June 16 news conference “<i><b>We will do what we can to avoid a market reaction. But ultimately, when we achieve our macroeconomic goal, we will taper as appropriate”.</b></i></p><p><blockquote><ul><li>首先，美联储这一次在传达其意图方面做得更好（我个人认为不是）。</li><li>其次，也是更令人担忧的是，希尔森拉斯写道，市场可能过于自满。</li></ul>爱德华兹接下来指出，根据2013年发脾气期间担任美联储理事的杰里米·斯坦(Jeremy Stein)的说法，市场不应该对潜在紧缩的程度抱有善意的看法。<i><b>“如果出现通胀意外，美联储将无法支持市场。”</b></i>他表示，他的前同事美联储主席鲍威尔善于在需要时改变立场。他表示，尽管今天市场平静，但鲍威尔在未来几个月可能需要这种灵活性。事实上，鲍威尔先生在6月16日的新闻发布会上说“<i><b>我们将尽我们所能避免市场反应。但最终，当我们实现宏观经济目标时，我们将酌情缩减规模”。</b></i></blockquote></p><p> The permacynical Edwards then explodes, and says that when he reads those sorts of statements, he \"literally laughs out loud\" and asks \"is this the same Jerome Powell who at the end of 2018, after talking tough for months about the unwinding of the Fed balance sheet being on “auto-pilot” did a 180 degree about turn when markets began to swoon at the end of that year?<b>He is indeed nimble – in retreat!</b>\"</p><p><blockquote>一贯愤世嫉俗的爱德华兹随后爆发，并表示，当他读到这类声明时，他“真的笑出声来”，并问道：“这是同一个杰罗姆·鲍威尔吗？他在2018年底就美联储资产负债表的解除进行了几个月的强硬言论后，在当年年底市场开始低迷时，他的资产负债表处于“自动驾驶”状态，来了个180度大转弯？<b>他确实很敏捷——在撤退中！</b>\"</blockquote></p><p> Perhaps Edwards is no longer alone in his uber skepticism: after all none other than Bank of America recently said that everyone knows the Fed will stop tapering assoon as the S&amp;P drops 10%...which isn't a good sign when it comes to Powell's credibility.</p><p><blockquote>也许爱德华兹不再是唯一一个持超级怀疑态度的人：毕竟，不是别人，正是美国银行最近表示，随着标准普尔指数下跌10%，每个人都知道美联储将立即停止缩减规模……对于鲍威尔的可信度来说，这不是一个好兆头。</blockquote></p><p></p><p> So why does Edwards think the bond market reacted inversely to its Taper Tantrum shock? \"In my opinion the bond market rallied because they know that Fed easy money comes at a heavy price.\"</p><p><blockquote>那么，为什么爱德华兹认为债券市场对其缩减恐慌冲击做出了相反的反应呢？“在我看来，债券市场上涨是因为他们知道美联储的宽松货币政策付出了沉重的代价。”</blockquote></p><p> It's not just that: with the Fed having gone all in on reflating everything, not just the economy and stock market but the housing market too, a crash in any of the three would result in an immediate depression. That's why Edwards thinks that the bond market<b>\"just doesn’t believe the Fed can follow through on its tougher talk. Why? Because having created another huge, real-terms house price bubble, they are trapped\"...</b></p><p><blockquote>不仅如此：随着美联储全力推动一切通货再膨胀，不仅是经济和股市，还有房地产市场，这三者中的任何一个崩溃都将导致立即的萧条。这就是为什么爱德华兹认为债券市场<b>“只是不相信美联储能够坚持其更强硬的言论。为什么？因为在制造了另一个巨大的实际房价泡沫后，他们被困住了”...</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/da894f1f697890f14bbd7a2f9fd8e139\" tg-width=\"500\" tg-height=\"214\"></p><p><blockquote></blockquote></p><p> <b>...</b>which confirms what we have said since 2009: that \"central banks have become slaves to the bubbles that they blow – the markets quickly forcing a reversal of any tightening. This time around will be no different.\"</p><p><blockquote><b>...</b>这证实了我们自2009年以来所说的：“央行已经成为他们吹出的泡沫的奴隶——市场迅速迫使任何紧缩政策逆转。这一次也不会有什么不同。”</blockquote></p><p> And speaking of blowing house price bubbles, Edwards points out that \"there isn’t even room for the Fed on the medal podium. Pointing to the chart below...</p><p><blockquote>谈到吹大房价泡沫，爱德华兹指出，“奖牌领奖台上甚至没有美联储的位置。指向下图...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/01eba2b10798b2941e9d408a94c428f5\" tg-width=\"800\" tg-height=\"475\"></p><p><blockquote></blockquote></p><p> ... Edwards concludes that '<b>this is now a global property bubble of epic proportions never before seen by man or beast and it has entrapped more CBs than just the Fed.</b>\"</p><p><blockquote>...爱德华兹的结论是“<b>现在，这是一场史无前例的全球房地产泡沫，它困住了更多的哥伦比亚广播公司，而不仅仅是美联储。</b>\"</blockquote></p><p> Bottom line: any attempt to normalize will leads to an immediate bursting of one or more asset bubbles, which will immediately draw the Fed right back in, resulting in an even bigger bubble, and yes- it means that sooner or later the Fed's two most hated assets, cryptos and gold, will both trade far above $100,000 once the world realizes that thehyperinflation that even BofA sees comingis not \"transitory.\"</p><p><blockquote>底线：任何正常化的尝试都将导致一个或多个资产泡沫立即破裂，这将立即将美联储拉回来，导致更大的泡沫，是的，这意味着美联储迟早会出现两个最令人讨厌的资产一旦世界意识到连美国银行都认为即将到来的恶性通货膨胀不是“暂时的”，加密货币和黄金的交易价格都将远高于10万美元。</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>Albert Edwards: The Fed Is Trapped In An Epic Bubble, It Can Never Normalize Rates Again<blockquote>艾伯特·爱德华兹：美联储陷入史诗般的泡沫，永远无法再次实现利率正常化</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; 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}\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\">\nAlbert Edwards: The Fed Is Trapped In An Epic Bubble, It Can Never Normalize Rates Again<blockquote>艾伯特·爱德华兹：美联储陷入史诗般的泡沫，永远无法再次实现利率正常化</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-06-25 15:42</span>\n</p>\n</h4>\n</header>\n<article>\n<p>One week ago,we explained whythe Fed made a huge policy error last Wednesday when its latest dot plot showed two rate hikes: in simple terms, while market pricing for hikes in 2023 and 2024 went up, yields beyond that dropped as the market said that the best the Fed can do is less than 2-years of rate hikes.</p><p><blockquote>一周前，我们解释了为什么美联储上周三犯了一个巨大的政策错误，当时其最新的点阵图显示了两次加息：简单来说，虽然市场对2023年和2024年加息的定价上升，但超过这一水平的收益率却下降了，因为市场表示美联储最多只能加息不到两年。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/553b5c9e65ffdc0b996916d81dcba85e\" tg-width=\"552\" tg-height=\"280\"></p><p><blockquote></blockquote></p><p> Said otherwise, if the Fed decides to hike - as first Powell hinted and then Bullard doubled down on Friday sending stocks plunging -<b>the market is saying that&nbsp; it won’t be able to go very far before inflation and growth hit a speed limit,</b>pushing yield expectations after the initial hike lower.</p><p><blockquote>否则，如果美联储决定加息——正如鲍威尔首先暗示的那样，然后布拉德周五加倍加息，导致股市暴跌——<b>市场表示，在通胀和增长达到限速之前，它不会走得太远，</b>首次加息后压低收益率预期。</blockquote></p><p> This very pessimistic view on r*,first laid out here in 2015, is also in line with market behavior beyond the bond market. First, as Deutsche Bank's FX strategist George Saravelos said, it is aligned with the very high dollar responsiveness we have seen to even small shifts in Fed stance: huge pent-up demand for yield from investors across the planet forces a stronger dollar and a bigger disinflationary impact quicker than assumed. In other words, a low global r*<i>(remember the rest of the world still has massive current account surpluses, or excess savings)</i>pushes US r* even lower.</p><p><blockquote>这种对r*的非常悲观的观点于2015年首次在这里提出，也符合债券市场以外的市场行为。首先，正如德意志银行（Deutsche Bank）外汇策略师乔治·萨拉维洛斯（George Saravelos）所说，这与我们所看到的美元对美联储立场哪怕是很小的转变的非常高的反应是一致的：全球投资者对收益率的巨大压抑需求迫使美元走强，通货紧缩的影响比预期的要快。换句话说，低全局r*<i>（请记住，世界其他地区仍然拥有巨额经常账户盈余或超额储蓄）</i>把我们的r*推得更低。</blockquote></p><p> Second, a low r* is consistent with continued equity resilience, especially in growth stocks heavily reliant on a low medium-term discount rate. That the equity moves in the past two days were led by huge relative rotation from the Russell to the NASDAQ should not be a surprise. This, as Deutsche Bank ominously warns<u>,</u><b><u>is 2010-19 secular stagnation pricing, version 2</u></b><b>.</b></p><p><blockquote>其次，低r*与持续的股票弹性是一致的，特别是在严重依赖低中期贴现率的成长型股票中。过去两天的股市走势是由从罗素指数到纳斯达克的巨大相对轮动带动的，这并不奇怪。正如德意志银行不祥警告的那样<u>,</u><b><u>is 2010-19长期停滞定价，第2版</u></b><b>.</b></blockquote></p><p> Here, another, even bigger question emerged: will the US even be able to sustain positive GDP growth absent trillions in new stimulus each and every year? And even more ominous:<b>what happens to inflation if the Fed is forced to cut rates well before the inflationary burst is extinguished?</b>These are among uncomfortable questions markets will have to answer in the coming months.</p><p><blockquote>在这里，另一个更大的问题出现了：如果没有每年数万亿美元的新刺激措施，美国还能维持GDP的正增长吗？更不祥的是：<b>如果美联储在通胀爆发消失之前被迫降息，通胀会发生什么？</b>这些都是市场在未来几个月必须回答的令人不安的问题。</blockquote></p><p> * * *</p><p><blockquote>***</blockquote></p><p> Fast forward to today when SocGen's in-house permagrouch, Albert Edwards, offered an answer to all of these critical questions posed by the Fed: according to Edwards, the market does not have to worry much about such trivial questions as<i>\"is inflation transitory or not\"</i>for the simple reason that<i><b>The Fed’s ambition to normalize rates can never be achieved.</b></i></p><p><blockquote>快进到今天，法国兴业银行的内部permagrouch艾伯特·爱德华兹(Albert Edwards)为美联储提出的所有这些关键问题提供了答案：根据爱德华兹的说法，市场不必太担心诸如<i>“通货膨胀是不是暂时的”</i>原因很简单<i><b>美联储利率正常化的雄心永远无法实现。</b></i></blockquote></p><p> Picking up on the observations made by Deutsche Bank's head of FX, Edwards writes that while the global reflation trade was already in retreat, its head of lobbed off by the Fed in its surprisingly hawkish statement of intent last week, a \"retreat which quickly turned into a rout across many asset classes.\"</p><p><blockquote>爱德华兹根据德意志银行外汇主管的观察写道，虽然全球通货再膨胀交易已经在消退，但美联储上周在其令人惊讶的鹰派意向声明中驳斥了德意志银行外汇主管的观点，“撤退很快就变成了许多资产类别的溃败。”</blockquote></p><p> And while it was not quite in the same league as Bernanke's 2013 \"Taper Tantrum\" it clearly demonstrated the market’s sensitivity to the Fed’s intentions, fickle as they may be. The biggest surprise: after an initial selloff, the long end of the bond market rallied - in contrast to the sharp sell-off in 2013, or as Edwards echoes what we said:<i><b>Maybe the market now realizes that a Fed tightening cycle is impossible?</b></i></p><p><blockquote>尽管这与伯南克2013年的“缩减恐慌”不太一样，但它清楚地表明了市场对美联储意图的敏感性，尽管这些意图可能变化无常。最大的惊喜：在最初的抛售之后，债券市场的多头反弹——与2013年的大幅抛售形成鲜明对比，或者正如爱德华兹呼应我们所说的：<i><b>也许市场现在意识到美联储紧缩周期是不可能的？</b></i></blockquote></p><p> Referencing aWSJ articleby the Fed's former mouthpiece, Edwards writes that according to Jon Hilsenrath there are two explanations.</p><p><blockquote>爱德华兹引用美联储前发言人aWSJ的文章写道，根据乔恩·希尔森拉斯的说法，有两种解释。</blockquote></p><p> <ul>  <li>First, the Fed has done a better job communicating its intentions this time round (personally I think not).</li>  <li>Secondly and more worryingly, Hilsenrath writes that the markets could be too complacent.</li> </ul> Edwards next notes that according to Jeremy Stein who was a Fed Governor during the 2013 tantrum, the markets shouldn’t take a benign view of the extent of potential tightening as<i><b>“The Fed cannot support markets if there’s an inflation surprise.”</b></i>He said that Fed Chair Powell, his former colleague, has been adept at shifting his stance when needed. Despite the market’s tranquillity today, he said, Powell may need that nimbleness in the months ahead. Indeed, Mr. Powell said in a June 16 news conference “<i><b>We will do what we can to avoid a market reaction. But ultimately, when we achieve our macroeconomic goal, we will taper as appropriate”.</b></i></p><p><blockquote><ul><li>首先，美联储这一次在传达其意图方面做得更好（我个人认为不是）。</li><li>其次，也是更令人担忧的是，希尔森拉斯写道，市场可能过于自满。</li></ul>爱德华兹接下来指出，根据2013年发脾气期间担任美联储理事的杰里米·斯坦(Jeremy Stein)的说法，市场不应该对潜在紧缩的程度抱有善意的看法。<i><b>“如果出现通胀意外，美联储将无法支持市场。”</b></i>他表示，他的前同事美联储主席鲍威尔善于在需要时改变立场。他表示，尽管今天市场平静，但鲍威尔在未来几个月可能需要这种灵活性。事实上，鲍威尔先生在6月16日的新闻发布会上说“<i><b>我们将尽我们所能避免市场反应。但最终，当我们实现宏观经济目标时，我们将酌情缩减规模”。</b></i></blockquote></p><p> The permacynical Edwards then explodes, and says that when he reads those sorts of statements, he \"literally laughs out loud\" and asks \"is this the same Jerome Powell who at the end of 2018, after talking tough for months about the unwinding of the Fed balance sheet being on “auto-pilot” did a 180 degree about turn when markets began to swoon at the end of that year?<b>He is indeed nimble – in retreat!</b>\"</p><p><blockquote>一贯愤世嫉俗的爱德华兹随后爆发，并表示，当他读到这类声明时，他“真的笑出声来”，并问道：“这是同一个杰罗姆·鲍威尔吗？他在2018年底就美联储资产负债表的解除进行了几个月的强硬言论后，在当年年底市场开始低迷时，他的资产负债表处于“自动驾驶”状态，来了个180度大转弯？<b>他确实很敏捷——在撤退中！</b>\"</blockquote></p><p> Perhaps Edwards is no longer alone in his uber skepticism: after all none other than Bank of America recently said that everyone knows the Fed will stop tapering assoon as the S&amp;P drops 10%...which isn't a good sign when it comes to Powell's credibility.</p><p><blockquote>也许爱德华兹不再是唯一一个持超级怀疑态度的人：毕竟，不是别人，正是美国银行最近表示，随着标准普尔指数下跌10%，每个人都知道美联储将立即停止缩减规模……对于鲍威尔的可信度来说，这不是一个好兆头。</blockquote></p><p></p><p> So why does Edwards think the bond market reacted inversely to its Taper Tantrum shock? \"In my opinion the bond market rallied because they know that Fed easy money comes at a heavy price.\"</p><p><blockquote>那么，为什么爱德华兹认为债券市场对其缩减恐慌冲击做出了相反的反应呢？“在我看来，债券市场上涨是因为他们知道美联储的宽松货币政策付出了沉重的代价。”</blockquote></p><p> It's not just that: with the Fed having gone all in on reflating everything, not just the economy and stock market but the housing market too, a crash in any of the three would result in an immediate depression. That's why Edwards thinks that the bond market<b>\"just doesn’t believe the Fed can follow through on its tougher talk. Why? Because having created another huge, real-terms house price bubble, they are trapped\"...</b></p><p><blockquote>不仅如此：随着美联储全力推动一切通货再膨胀，不仅是经济和股市，还有房地产市场，这三者中的任何一个崩溃都将导致立即的萧条。这就是为什么爱德华兹认为债券市场<b>“只是不相信美联储能够坚持其更强硬的言论。为什么？因为在制造了另一个巨大的实际房价泡沫后，他们被困住了”...</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/da894f1f697890f14bbd7a2f9fd8e139\" tg-width=\"500\" tg-height=\"214\"></p><p><blockquote></blockquote></p><p> <b>...</b>which confirms what we have said since 2009: that \"central banks have become slaves to the bubbles that they blow – the markets quickly forcing a reversal of any tightening. This time around will be no different.\"</p><p><blockquote><b>...</b>这证实了我们自2009年以来所说的：“央行已经成为他们吹出的泡沫的奴隶——市场迅速迫使任何紧缩政策逆转。这一次也不会有什么不同。”</blockquote></p><p> And speaking of blowing house price bubbles, Edwards points out that \"there isn’t even room for the Fed on the medal podium. Pointing to the chart below...</p><p><blockquote>谈到吹大房价泡沫，爱德华兹指出，“奖牌领奖台上甚至没有美联储的位置。指向下图...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/01eba2b10798b2941e9d408a94c428f5\" tg-width=\"800\" tg-height=\"475\"></p><p><blockquote></blockquote></p><p> ... Edwards concludes that '<b>this is now a global property bubble of epic proportions never before seen by man or beast and it has entrapped more CBs than just the Fed.</b>\"</p><p><blockquote>...爱德华兹的结论是“<b>现在，这是一场史无前例的全球房地产泡沫，它困住了更多的哥伦比亚广播公司，而不仅仅是美联储。</b>\"</blockquote></p><p> Bottom line: any attempt to normalize will leads to an immediate bursting of one or more asset bubbles, which will immediately draw the Fed right back in, resulting in an even bigger bubble, and yes- it means that sooner or later the Fed's two most hated assets, cryptos and gold, will both trade far above $100,000 once the world realizes that thehyperinflation that even BofA sees comingis not \"transitory.\"</p><p><blockquote>底线：任何正常化的尝试都将导致一个或多个资产泡沫立即破裂，这将立即将美联储拉回来，导致更大的泡沫，是的，这意味着美联储迟早会出现两个最令人讨厌的资产一旦世界意识到连美国银行都认为即将到来的恶性通货膨胀不是“暂时的”，加密货币和黄金的交易价格都将远高于10万美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/albert-edwards-fed-trapped-epic-bubble-it-can-never-normalize-rates-again\">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":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SPY":"标普500ETF"},"source_url":"https://www.zerohedge.com/markets/albert-edwards-fed-trapped-epic-bubble-it-can-never-normalize-rates-again","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119915886","content_text":"One week ago,we explained whythe Fed made a huge policy error last Wednesday when its latest dot plot showed two rate hikes: in simple terms, while market pricing for hikes in 2023 and 2024 went up, yields beyond that dropped as the market said that the best the Fed can do is less than 2-years of rate hikes.\n\nSaid otherwise, if the Fed decides to hike - as first Powell hinted and then Bullard doubled down on Friday sending stocks plunging -the market is saying that  it won’t be able to go very far before inflation and growth hit a speed limit,pushing yield expectations after the initial hike lower.\nThis very pessimistic view on r*,first laid out here in 2015, is also in line with market behavior beyond the bond market. First, as Deutsche Bank's FX strategist George Saravelos said, it is aligned with the very high dollar responsiveness we have seen to even small shifts in Fed stance: huge pent-up demand for yield from investors across the planet forces a stronger dollar and a bigger disinflationary impact quicker than assumed. In other words, a low global r*(remember the rest of the world still has massive current account surpluses, or excess savings)pushes US r* even lower.\nSecond, a low r* is consistent with continued equity resilience, especially in growth stocks heavily reliant on a low medium-term discount rate. That the equity moves in the past two days were led by huge relative rotation from the Russell to the NASDAQ should not be a surprise. This, as Deutsche Bank ominously warns,is 2010-19 secular stagnation pricing, version 2.\nHere, another, even bigger question emerged: will the US even be able to sustain positive GDP growth absent trillions in new stimulus each and every year? And even more ominous:what happens to inflation if the Fed is forced to cut rates well before the inflationary burst is extinguished?These are among uncomfortable questions markets will have to answer in the coming months.\n* * *\nFast forward to today when SocGen's in-house permagrouch, Albert Edwards, offered an answer to all of these critical questions posed by the Fed: according to Edwards, the market does not have to worry much about such trivial questions as\"is inflation transitory or not\"for the simple reason thatThe Fed’s ambition to normalize rates can never be achieved.\nPicking up on the observations made by Deutsche Bank's head of FX, Edwards writes that while the global reflation trade was already in retreat, its head of lobbed off by the Fed in its surprisingly hawkish statement of intent last week, a \"retreat which quickly turned into a rout across many asset classes.\"\nAnd while it was not quite in the same league as Bernanke's 2013 \"Taper Tantrum\" it clearly demonstrated the market’s sensitivity to the Fed’s intentions, fickle as they may be. The biggest surprise: after an initial selloff, the long end of the bond market rallied - in contrast to the sharp sell-off in 2013, or as Edwards echoes what we said:Maybe the market now realizes that a Fed tightening cycle is impossible?\nReferencing aWSJ articleby the Fed's former mouthpiece, Edwards writes that according to Jon Hilsenrath there are two explanations.\n\nFirst, the Fed has done a better job communicating its intentions this time round (personally I think not).\nSecondly and more worryingly, Hilsenrath writes that the markets could be too complacent.\n\nEdwards next notes that according to Jeremy Stein who was a Fed Governor during the 2013 tantrum, the markets shouldn’t take a benign view of the extent of potential tightening as“The Fed cannot support markets if there’s an inflation surprise.”He said that Fed Chair Powell, his former colleague, has been adept at shifting his stance when needed. Despite the market’s tranquillity today, he said, Powell may need that nimbleness in the months ahead. Indeed, Mr. Powell said in a June 16 news conference “We will do what we can to avoid a market reaction. But ultimately, when we achieve our macroeconomic goal, we will taper as appropriate”.\nThe permacynical Edwards then explodes, and says that when he reads those sorts of statements, he \"literally laughs out loud\" and asks \"is this the same Jerome Powell who at the end of 2018, after talking tough for months about the unwinding of the Fed balance sheet being on “auto-pilot” did a 180 degree about turn when markets began to swoon at the end of that year?He is indeed nimble – in retreat!\"\nPerhaps Edwards is no longer alone in his uber skepticism: after all none other than Bank of America recently said that everyone knows the Fed will stop tapering assoon as the S&P drops 10%...which isn't a good sign when it comes to Powell's credibility.\nSo why does Edwards think the bond market reacted inversely to its Taper Tantrum shock? \"In my opinion the bond market rallied because they know that Fed easy money comes at a heavy price.\"\nIt's not just that: with the Fed having gone all in on reflating everything, not just the economy and stock market but the housing market too, a crash in any of the three would result in an immediate depression. That's why Edwards thinks that the bond market\"just doesn’t believe the Fed can follow through on its tougher talk. Why? Because having created another huge, real-terms house price bubble, they are trapped\"...\n\n...which confirms what we have said since 2009: that \"central banks have become slaves to the bubbles that they blow – the markets quickly forcing a reversal of any tightening. This time around will be no different.\"\nAnd speaking of blowing house price bubbles, Edwards points out that \"there isn’t even room for the Fed on the medal podium. Pointing to the chart below...\n\n... Edwards concludes that 'this is now a global property bubble of epic proportions never before seen by man or beast and it has entrapped more CBs than just the Fed.\"\nBottom line: any attempt to normalize will leads to an immediate bursting of one or more asset bubbles, which will immediately draw the Fed right back in, resulting in an even bigger bubble, and yes- it means that sooner or later the Fed's two most hated assets, cryptos and gold, will both trade far above $100,000 once the world realizes that thehyperinflation that even BofA sees comingis not \"transitory.\"","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":759,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128328519,"gmtCreate":1624502658831,"gmtModify":1631892901494,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"comment&nbsp;","listText":"comment&nbsp;","text":"comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128328519","repostId":"2145018574","repostType":4,"isVote":1,"tweetType":1,"viewCount":730,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128321646,"gmtCreate":1624502620785,"gmtModify":1631892901494,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"scary&nbsp;","listText":"scary&nbsp;","text":"scary","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128321646","repostId":"2145016997","repostType":4,"isVote":1,"tweetType":1,"viewCount":557,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128323789,"gmtCreate":1624502593841,"gmtModify":1631892901497,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"woww","listText":"woww","text":"woww","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128323789","repostId":"1193698944","repostType":4,"isVote":1,"tweetType":1,"viewCount":496,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128323126,"gmtCreate":1624502575465,"gmtModify":1631892901500,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"cool","listText":"cool","text":"cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128323126","repostId":"1115102727","repostType":4,"isVote":1,"tweetType":1,"viewCount":577,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":128329562,"gmtCreate":1624502557456,"gmtModify":1631892901509,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"wow&nbsp;","listText":"wow&nbsp;","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/128329562","repostId":"2145097284","repostType":4,"isVote":1,"tweetType":1,"viewCount":515,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":187232417,"gmtCreate":1623754973939,"gmtModify":1634028977287,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"like and comment!&nbsp;","listText":"like and comment!&nbsp;","text":"like and comment!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":5,"repostSize":0,"link":"https://laohu8.com/post/187232417","repostId":"1142697857","repostType":4,"isVote":1,"tweetType":1,"viewCount":277,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158154091,"gmtCreate":1625139724513,"gmtModify":1631890698492,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"comment&nbsp;","listText":"comment&nbsp;","text":"comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/158154091","repostId":"1154991106","repostType":4,"isVote":1,"tweetType":1,"viewCount":3225,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158953123,"gmtCreate":1625125375562,"gmtModify":1631890698513,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"like for like thanks&nbsp;","listText":"like for like thanks&nbsp;","text":"like for like thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/158953123","repostId":"1121473384","repostType":4,"repost":{"id":"1121473384","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1625067394,"share":"https://www.laohu8.com/m/news/1121473384?lang=zh_CN&edition=full","pubTime":"2021-06-30 23:36","market":"us","language":"en","title":"Why NIO Stock Is Moving Higher Today<blockquote>为什么蔚来股价今天走高</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1121473384","media":"Tiger Newspress","summary":"A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.Shares of Chinese electric-vehicle maker NIOwere moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.As of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.In a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $5","content":"<p>A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.</p><p><blockquote>在蔚来公布6月份销售报告之前，华尔街的一份看涨报告提高了人们的预期。</blockquote></p><p> Shares of Chinese electric-vehicle maker&nbsp;<b>NIO</b>(NYSE:NIO)were moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.</p><p><blockquote>中国电动汽车制造商的股票<b>蔚来</b>（纽约证券交易所股票代码：蔚来）周三早盘走高，此前一位华尔街分析师在一份看涨报告中上调了该行对该股的目标价。</blockquote></p><p> As of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.</p><p><blockquote>截至美国东部时间上午11点35分，蔚来美国存托股票较周二收盘价上涨约5.9%。</blockquote></p><p> In a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $58.30, while reiterating his previous buy rating on the shares.</p><p><blockquote>在周二下午发布的一份报告中。花旗银行分析师Jeff Chung将该行对蔚来的目标股价从58.30美元上调至72美元，同时重申了此前对该股的买入评级。</blockquote></p><p> Chung wrote that he expects NIO to report \"robust shipment volume\" for June, which he thinks will be followed by sequential quarter-over-quarter growth in the third and fourth quarters of 2021. He now sees NIO delivering 93,000 vehicles in 2021, up from his earlier estimate of 90,000, and has raised his forecasts for 2022 and 2024 while also increasing his target&nbsp;price-to-earnings multiple&nbsp;for NIO's shares.</p><p><blockquote>Chung写道，他预计蔚来6月份将报告“强劲的出货量”，他认为随后将在2021年第三和第四季度实现环比增长。他现在预计蔚来将在2021年交付93,000辆汽车，高于他之前估计的90,000辆，并上调了对2022年和2024年的预测，同时还提高了蔚来股票的目标市盈率。</blockquote></p><p> NIO typically releases its monthly delivery totals shortly after month-end, meaning we could see NIO's results for June as soon as Thursday morning. The company's guidance, which it reiterated earlier this month, calls for a delivery total of&nbsp;between 21,000 and 22,000 vehicles&nbsp;for the second quarter. Through the end of May, it had&nbsp;delivered 13,183 vehicles&nbsp;despite production disruptions caused by shortages of computer chips.</p><p><blockquote>蔚来通常会在月底后不久发布每月交付总量，这意味着我们最早可以在周四上午看到蔚来6月份的业绩。该公司本月早些时候重申了评级第二季度总交付量为21,000至22,000辆汽车的指引。尽管计算机芯片短缺导致生产中断，截至5月底，该公司仍交付了13,183辆汽车。</blockquote></p><p> Will NIO outperform its own guidance? I think it's possible but unlikely, given the continued chip-shortage issues. I won't be surprised, however, if its June result puts its second-quarter total at the high end of its guidance range. We'll find out in a day or two.</p><p><blockquote>蔚来的表现会超出自己的指导吗？我认为这是可能的，但考虑到持续的芯片短缺问题，可能性不大。然而，如果其6月份的业绩使其第二季度的总额处于指导范围的高端，我不会感到惊讶。一两天后我们就会知道了。</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>Why NIO Stock Is Moving Higher Today<blockquote>为什么蔚来股价今天走高</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 NIO Stock Is Moving Higher Today<blockquote>为什么蔚来股价今天走高</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-30 23:36</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.</p><p><blockquote>在蔚来公布6月份销售报告之前，华尔街的一份看涨报告提高了人们的预期。</blockquote></p><p> Shares of Chinese electric-vehicle maker&nbsp;<b>NIO</b>(NYSE:NIO)were moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.</p><p><blockquote>中国电动汽车制造商的股票<b>蔚来</b>（纽约证券交易所股票代码：蔚来）周三早盘走高，此前一位华尔街分析师在一份看涨报告中上调了该行对该股的目标价。</blockquote></p><p> As of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.</p><p><blockquote>截至美国东部时间上午11点35分，蔚来美国存托股票较周二收盘价上涨约5.9%。</blockquote></p><p> In a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $58.30, while reiterating his previous buy rating on the shares.</p><p><blockquote>在周二下午发布的一份报告中。花旗银行分析师Jeff Chung将该行对蔚来的目标股价从58.30美元上调至72美元，同时重申了此前对该股的买入评级。</blockquote></p><p> Chung wrote that he expects NIO to report \"robust shipment volume\" for June, which he thinks will be followed by sequential quarter-over-quarter growth in the third and fourth quarters of 2021. He now sees NIO delivering 93,000 vehicles in 2021, up from his earlier estimate of 90,000, and has raised his forecasts for 2022 and 2024 while also increasing his target&nbsp;price-to-earnings multiple&nbsp;for NIO's shares.</p><p><blockquote>Chung写道，他预计蔚来6月份将报告“强劲的出货量”，他认为随后将在2021年第三和第四季度实现环比增长。他现在预计蔚来将在2021年交付93,000辆汽车，高于他之前估计的90,000辆，并上调了对2022年和2024年的预测，同时还提高了蔚来股票的目标市盈率。</blockquote></p><p> NIO typically releases its monthly delivery totals shortly after month-end, meaning we could see NIO's results for June as soon as Thursday morning. The company's guidance, which it reiterated earlier this month, calls for a delivery total of&nbsp;between 21,000 and 22,000 vehicles&nbsp;for the second quarter. Through the end of May, it had&nbsp;delivered 13,183 vehicles&nbsp;despite production disruptions caused by shortages of computer chips.</p><p><blockquote>蔚来通常会在月底后不久发布每月交付总量，这意味着我们最早可以在周四上午看到蔚来6月份的业绩。该公司本月早些时候重申了评级第二季度总交付量为21,000至22,000辆汽车的指引。尽管计算机芯片短缺导致生产中断，截至5月底，该公司仍交付了13,183辆汽车。</blockquote></p><p> Will NIO outperform its own guidance? I think it's possible but unlikely, given the continued chip-shortage issues. I won't be surprised, however, if its June result puts its second-quarter total at the high end of its guidance range. We'll find out in a day or two.</p><p><blockquote>蔚来的表现会超出自己的指导吗？我认为这是可能的，但考虑到持续的芯片短缺问题，可能性不大。然而，如果其6月份的业绩使其第二季度的总额处于指导范围的高端，我不会感到惊讶。一两天后我们就会知道了。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1121473384","content_text":"A bullish note from Wall Street is raising expectations ahead of NIO's June sales report.\nShares of Chinese electric-vehicle maker NIO(NYSE:NIO)were moving higher in early trading on Wednesday, after a Wall Street analyst raised his bank's price target for the shares in a bullish note.\nAs of 11:35 a.m. EDT, NIO's American depositary shares were up about 5.9% from Tuesday's closing price.\nIn a note released on Tuesday afternoon. Citibank analyst Jeff Chung raised the bank's price target on NIO to $72, from $58.30, while reiterating his previous buy rating on the shares.\nChung wrote that he expects NIO to report \"robust shipment volume\" for June, which he thinks will be followed by sequential quarter-over-quarter growth in the third and fourth quarters of 2021. He now sees NIO delivering 93,000 vehicles in 2021, up from his earlier estimate of 90,000, and has raised his forecasts for 2022 and 2024 while also increasing his target price-to-earnings multiple for NIO's shares.\nNIO typically releases its monthly delivery totals shortly after month-end, meaning we could see NIO's results for June as soon as Thursday morning. The company's guidance, which it reiterated earlier this month, calls for a delivery total of between 21,000 and 22,000 vehicles for the second quarter. Through the end of May, it had delivered 13,183 vehicles despite production disruptions caused by shortages of computer chips.\nWill NIO outperform its own guidance? I think it's possible but unlikely, given the continued chip-shortage issues. I won't be surprised, however, if its June result puts its second-quarter total at the high end of its guidance range. We'll find out in a day or two.","news_type":1,"symbols_score_info":{"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":2671,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155711266,"gmtCreate":1625453110255,"gmtModify":1631890698481,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"oh no&nbsp;","listText":"oh no&nbsp;","text":"oh 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15:42","market":"us","language":"en","title":"Albert Edwards: The Fed Is Trapped In An Epic Bubble, It Can Never Normalize Rates Again<blockquote>艾伯特·爱德华兹：美联储陷入史诗般的泡沫，永远无法再次实现利率正常化</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1119915886","media":"zerohedge","summary":"One week ago,we explained whythe Fed made a huge policy error last Wednesday when its latest dot plo","content":"<p>One week ago,we explained whythe Fed made a huge policy error last Wednesday when its latest dot plot showed two rate hikes: in simple terms, while market pricing for hikes in 2023 and 2024 went up, yields beyond that dropped as the market said that the best the Fed can do is less than 2-years of rate hikes.</p><p><blockquote>一周前，我们解释了为什么美联储上周三犯了一个巨大的政策错误，当时其最新的点阵图显示了两次加息：简单来说，虽然市场对2023年和2024年加息的定价上升，但超过这一水平的收益率却下降了，因为市场表示美联储最多只能加息不到两年。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/553b5c9e65ffdc0b996916d81dcba85e\" tg-width=\"552\" tg-height=\"280\"></p><p><blockquote></blockquote></p><p> Said otherwise, if the Fed decides to hike - as first Powell hinted and then Bullard doubled down on Friday sending stocks plunging -<b>the market is saying that&nbsp; it won’t be able to go very far before inflation and growth hit a speed limit,</b>pushing yield expectations after the initial hike lower.</p><p><blockquote>否则，如果美联储决定加息——正如鲍威尔首先暗示的那样，然后布拉德周五加倍加息，导致股市暴跌——<b>市场表示，在通胀和增长达到限速之前，它不会走得太远，</b>首次加息后压低收益率预期。</blockquote></p><p> This very pessimistic view on r*,first laid out here in 2015, is also in line with market behavior beyond the bond market. First, as Deutsche Bank's FX strategist George Saravelos said, it is aligned with the very high dollar responsiveness we have seen to even small shifts in Fed stance: huge pent-up demand for yield from investors across the planet forces a stronger dollar and a bigger disinflationary impact quicker than assumed. In other words, a low global r*<i>(remember the rest of the world still has massive current account surpluses, or excess savings)</i>pushes US r* even lower.</p><p><blockquote>这种对r*的非常悲观的观点于2015年首次在这里提出，也符合债券市场以外的市场行为。首先，正如德意志银行（Deutsche Bank）外汇策略师乔治·萨拉维洛斯（George Saravelos）所说，这与我们所看到的美元对美联储立场哪怕是很小的转变的非常高的反应是一致的：全球投资者对收益率的巨大压抑需求迫使美元走强，通货紧缩的影响比预期的要快。换句话说，低全局r*<i>（请记住，世界其他地区仍然拥有巨额经常账户盈余或超额储蓄）</i>把我们的r*推得更低。</blockquote></p><p> Second, a low r* is consistent with continued equity resilience, especially in growth stocks heavily reliant on a low medium-term discount rate. That the equity moves in the past two days were led by huge relative rotation from the Russell to the NASDAQ should not be a surprise. This, as Deutsche Bank ominously warns<u>,</u><b><u>is 2010-19 secular stagnation pricing, version 2</u></b><b>.</b></p><p><blockquote>其次，低r*与持续的股票弹性是一致的，特别是在严重依赖低中期贴现率的成长型股票中。过去两天的股市走势是由从罗素指数到纳斯达克的巨大相对轮动带动的，这并不奇怪。正如德意志银行不祥警告的那样<u>,</u><b><u>is 2010-19长期停滞定价，第2版</u></b><b>.</b></blockquote></p><p> Here, another, even bigger question emerged: will the US even be able to sustain positive GDP growth absent trillions in new stimulus each and every year? And even more ominous:<b>what happens to inflation if the Fed is forced to cut rates well before the inflationary burst is extinguished?</b>These are among uncomfortable questions markets will have to answer in the coming months.</p><p><blockquote>在这里，另一个更大的问题出现了：如果没有每年数万亿美元的新刺激措施，美国还能维持GDP的正增长吗？更不祥的是：<b>如果美联储在通胀爆发消失之前被迫降息，通胀会发生什么？</b>这些都是市场在未来几个月必须回答的令人不安的问题。</blockquote></p><p> * * *</p><p><blockquote>***</blockquote></p><p> Fast forward to today when SocGen's in-house permagrouch, Albert Edwards, offered an answer to all of these critical questions posed by the Fed: according to Edwards, the market does not have to worry much about such trivial questions as<i>\"is inflation transitory or not\"</i>for the simple reason that<i><b>The Fed’s ambition to normalize rates can never be achieved.</b></i></p><p><blockquote>快进到今天，法国兴业银行的内部permagrouch艾伯特·爱德华兹(Albert Edwards)为美联储提出的所有这些关键问题提供了答案：根据爱德华兹的说法，市场不必太担心诸如<i>“通货膨胀是不是暂时的”</i>原因很简单<i><b>美联储利率正常化的雄心永远无法实现。</b></i></blockquote></p><p> Picking up on the observations made by Deutsche Bank's head of FX, Edwards writes that while the global reflation trade was already in retreat, its head of lobbed off by the Fed in its surprisingly hawkish statement of intent last week, a \"retreat which quickly turned into a rout across many asset classes.\"</p><p><blockquote>爱德华兹根据德意志银行外汇主管的观察写道，虽然全球通货再膨胀交易已经在消退，但美联储上周在其令人惊讶的鹰派意向声明中驳斥了德意志银行外汇主管的观点，“撤退很快就变成了许多资产类别的溃败。”</blockquote></p><p> And while it was not quite in the same league as Bernanke's 2013 \"Taper Tantrum\" it clearly demonstrated the market’s sensitivity to the Fed’s intentions, fickle as they may be. The biggest surprise: after an initial selloff, the long end of the bond market rallied - in contrast to the sharp sell-off in 2013, or as Edwards echoes what we said:<i><b>Maybe the market now realizes that a Fed tightening cycle is impossible?</b></i></p><p><blockquote>尽管这与伯南克2013年的“缩减恐慌”不太一样，但它清楚地表明了市场对美联储意图的敏感性，尽管这些意图可能变化无常。最大的惊喜：在最初的抛售之后，债券市场的多头反弹——与2013年的大幅抛售形成鲜明对比，或者正如爱德华兹呼应我们所说的：<i><b>也许市场现在意识到美联储紧缩周期是不可能的？</b></i></blockquote></p><p> Referencing aWSJ articleby the Fed's former mouthpiece, Edwards writes that according to Jon Hilsenrath there are two explanations.</p><p><blockquote>爱德华兹引用美联储前发言人aWSJ的文章写道，根据乔恩·希尔森拉斯的说法，有两种解释。</blockquote></p><p> <ul>  <li>First, the Fed has done a better job communicating its intentions this time round (personally I think not).</li>  <li>Secondly and more worryingly, Hilsenrath writes that the markets could be too complacent.</li> </ul> Edwards next notes that according to Jeremy Stein who was a Fed Governor during the 2013 tantrum, the markets shouldn’t take a benign view of the extent of potential tightening as<i><b>“The Fed cannot support markets if there’s an inflation surprise.”</b></i>He said that Fed Chair Powell, his former colleague, has been adept at shifting his stance when needed. Despite the market’s tranquillity today, he said, Powell may need that nimbleness in the months ahead. Indeed, Mr. Powell said in a June 16 news conference “<i><b>We will do what we can to avoid a market reaction. But ultimately, when we achieve our macroeconomic goal, we will taper as appropriate”.</b></i></p><p><blockquote><ul><li>首先，美联储这一次在传达其意图方面做得更好（我个人认为不是）。</li><li>其次，也是更令人担忧的是，希尔森拉斯写道，市场可能过于自满。</li></ul>爱德华兹接下来指出，根据2013年发脾气期间担任美联储理事的杰里米·斯坦(Jeremy Stein)的说法，市场不应该对潜在紧缩的程度抱有善意的看法。<i><b>“如果出现通胀意外，美联储将无法支持市场。”</b></i>他表示，他的前同事美联储主席鲍威尔善于在需要时改变立场。他表示，尽管今天市场平静，但鲍威尔在未来几个月可能需要这种灵活性。事实上，鲍威尔先生在6月16日的新闻发布会上说“<i><b>我们将尽我们所能避免市场反应。但最终，当我们实现宏观经济目标时，我们将酌情缩减规模”。</b></i></blockquote></p><p> The permacynical Edwards then explodes, and says that when he reads those sorts of statements, he \"literally laughs out loud\" and asks \"is this the same Jerome Powell who at the end of 2018, after talking tough for months about the unwinding of the Fed balance sheet being on “auto-pilot” did a 180 degree about turn when markets began to swoon at the end of that year?<b>He is indeed nimble – in retreat!</b>\"</p><p><blockquote>一贯愤世嫉俗的爱德华兹随后爆发，并表示，当他读到这类声明时，他“真的笑出声来”，并问道：“这是同一个杰罗姆·鲍威尔吗？他在2018年底就美联储资产负债表的解除进行了几个月的强硬言论后，在当年年底市场开始低迷时，他的资产负债表处于“自动驾驶”状态，来了个180度大转弯？<b>他确实很敏捷——在撤退中！</b>\"</blockquote></p><p> Perhaps Edwards is no longer alone in his uber skepticism: after all none other than Bank of America recently said that everyone knows the Fed will stop tapering assoon as the S&amp;P drops 10%...which isn't a good sign when it comes to Powell's credibility.</p><p><blockquote>也许爱德华兹不再是唯一一个持超级怀疑态度的人：毕竟，不是别人，正是美国银行最近表示，随着标准普尔指数下跌10%，每个人都知道美联储将立即停止缩减规模……对于鲍威尔的可信度来说，这不是一个好兆头。</blockquote></p><p></p><p> So why does Edwards think the bond market reacted inversely to its Taper Tantrum shock? \"In my opinion the bond market rallied because they know that Fed easy money comes at a heavy price.\"</p><p><blockquote>那么，为什么爱德华兹认为债券市场对其缩减恐慌冲击做出了相反的反应呢？“在我看来，债券市场上涨是因为他们知道美联储的宽松货币政策付出了沉重的代价。”</blockquote></p><p> It's not just that: with the Fed having gone all in on reflating everything, not just the economy and stock market but the housing market too, a crash in any of the three would result in an immediate depression. That's why Edwards thinks that the bond market<b>\"just doesn’t believe the Fed can follow through on its tougher talk. Why? Because having created another huge, real-terms house price bubble, they are trapped\"...</b></p><p><blockquote>不仅如此：随着美联储全力推动一切通货再膨胀，不仅是经济和股市，还有房地产市场，这三者中的任何一个崩溃都将导致立即的萧条。这就是为什么爱德华兹认为债券市场<b>“只是不相信美联储能够坚持其更强硬的言论。为什么？因为在制造了另一个巨大的实际房价泡沫后，他们被困住了”...</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/da894f1f697890f14bbd7a2f9fd8e139\" tg-width=\"500\" tg-height=\"214\"></p><p><blockquote></blockquote></p><p> <b>...</b>which confirms what we have said since 2009: that \"central banks have become slaves to the bubbles that they blow – the markets quickly forcing a reversal of any tightening. This time around will be no different.\"</p><p><blockquote><b>...</b>这证实了我们自2009年以来所说的：“央行已经成为他们吹出的泡沫的奴隶——市场迅速迫使任何紧缩政策逆转。这一次也不会有什么不同。”</blockquote></p><p> And speaking of blowing house price bubbles, Edwards points out that \"there isn’t even room for the Fed on the medal podium. Pointing to the chart below...</p><p><blockquote>谈到吹大房价泡沫，爱德华兹指出，“奖牌领奖台上甚至没有美联储的位置。指向下图...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/01eba2b10798b2941e9d408a94c428f5\" tg-width=\"800\" tg-height=\"475\"></p><p><blockquote></blockquote></p><p> ... Edwards concludes that '<b>this is now a global property bubble of epic proportions never before seen by man or beast and it has entrapped more CBs than just the Fed.</b>\"</p><p><blockquote>...爱德华兹的结论是“<b>现在，这是一场史无前例的全球房地产泡沫，它困住了更多的哥伦比亚广播公司，而不仅仅是美联储。</b>\"</blockquote></p><p> Bottom line: any attempt to normalize will leads to an immediate bursting of one or more asset bubbles, which will immediately draw the Fed right back in, resulting in an even bigger bubble, and yes- it means that sooner or later the Fed's two most hated assets, cryptos and gold, will both trade far above $100,000 once the world realizes that thehyperinflation that even BofA sees comingis not \"transitory.\"</p><p><blockquote>底线：任何正常化的尝试都将导致一个或多个资产泡沫立即破裂，这将立即将美联储拉回来，导致更大的泡沫，是的，这意味着美联储迟早会出现两个最令人讨厌的资产一旦世界意识到连美国银行都认为即将到来的恶性通货膨胀不是“暂时的”，加密货币和黄金的交易价格都将远高于10万美元。</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>Albert Edwards: The Fed Is Trapped In An Epic Bubble, It Can Never Normalize Rates Again<blockquote>艾伯特·爱德华兹：美联储陷入史诗般的泡沫，永远无法再次实现利率正常化</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; 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}\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\">\nAlbert Edwards: The Fed Is Trapped In An Epic Bubble, It Can Never Normalize Rates Again<blockquote>艾伯特·爱德华兹：美联储陷入史诗般的泡沫，永远无法再次实现利率正常化</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-06-25 15:42</span>\n</p>\n</h4>\n</header>\n<article>\n<p>One week ago,we explained whythe Fed made a huge policy error last Wednesday when its latest dot plot showed two rate hikes: in simple terms, while market pricing for hikes in 2023 and 2024 went up, yields beyond that dropped as the market said that the best the Fed can do is less than 2-years of rate hikes.</p><p><blockquote>一周前，我们解释了为什么美联储上周三犯了一个巨大的政策错误，当时其最新的点阵图显示了两次加息：简单来说，虽然市场对2023年和2024年加息的定价上升，但超过这一水平的收益率却下降了，因为市场表示美联储最多只能加息不到两年。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/553b5c9e65ffdc0b996916d81dcba85e\" tg-width=\"552\" tg-height=\"280\"></p><p><blockquote></blockquote></p><p> Said otherwise, if the Fed decides to hike - as first Powell hinted and then Bullard doubled down on Friday sending stocks plunging -<b>the market is saying that&nbsp; it won’t be able to go very far before inflation and growth hit a speed limit,</b>pushing yield expectations after the initial hike lower.</p><p><blockquote>否则，如果美联储决定加息——正如鲍威尔首先暗示的那样，然后布拉德周五加倍加息，导致股市暴跌——<b>市场表示，在通胀和增长达到限速之前，它不会走得太远，</b>首次加息后压低收益率预期。</blockquote></p><p> This very pessimistic view on r*,first laid out here in 2015, is also in line with market behavior beyond the bond market. First, as Deutsche Bank's FX strategist George Saravelos said, it is aligned with the very high dollar responsiveness we have seen to even small shifts in Fed stance: huge pent-up demand for yield from investors across the planet forces a stronger dollar and a bigger disinflationary impact quicker than assumed. In other words, a low global r*<i>(remember the rest of the world still has massive current account surpluses, or excess savings)</i>pushes US r* even lower.</p><p><blockquote>这种对r*的非常悲观的观点于2015年首次在这里提出，也符合债券市场以外的市场行为。首先，正如德意志银行（Deutsche Bank）外汇策略师乔治·萨拉维洛斯（George Saravelos）所说，这与我们所看到的美元对美联储立场哪怕是很小的转变的非常高的反应是一致的：全球投资者对收益率的巨大压抑需求迫使美元走强，通货紧缩的影响比预期的要快。换句话说，低全局r*<i>（请记住，世界其他地区仍然拥有巨额经常账户盈余或超额储蓄）</i>把我们的r*推得更低。</blockquote></p><p> Second, a low r* is consistent with continued equity resilience, especially in growth stocks heavily reliant on a low medium-term discount rate. That the equity moves in the past two days were led by huge relative rotation from the Russell to the NASDAQ should not be a surprise. This, as Deutsche Bank ominously warns<u>,</u><b><u>is 2010-19 secular stagnation pricing, version 2</u></b><b>.</b></p><p><blockquote>其次，低r*与持续的股票弹性是一致的，特别是在严重依赖低中期贴现率的成长型股票中。过去两天的股市走势是由从罗素指数到纳斯达克的巨大相对轮动带动的，这并不奇怪。正如德意志银行不祥警告的那样<u>,</u><b><u>is 2010-19长期停滞定价，第2版</u></b><b>.</b></blockquote></p><p> Here, another, even bigger question emerged: will the US even be able to sustain positive GDP growth absent trillions in new stimulus each and every year? And even more ominous:<b>what happens to inflation if the Fed is forced to cut rates well before the inflationary burst is extinguished?</b>These are among uncomfortable questions markets will have to answer in the coming months.</p><p><blockquote>在这里，另一个更大的问题出现了：如果没有每年数万亿美元的新刺激措施，美国还能维持GDP的正增长吗？更不祥的是：<b>如果美联储在通胀爆发消失之前被迫降息，通胀会发生什么？</b>这些都是市场在未来几个月必须回答的令人不安的问题。</blockquote></p><p> * * *</p><p><blockquote>***</blockquote></p><p> Fast forward to today when SocGen's in-house permagrouch, Albert Edwards, offered an answer to all of these critical questions posed by the Fed: according to Edwards, the market does not have to worry much about such trivial questions as<i>\"is inflation transitory or not\"</i>for the simple reason that<i><b>The Fed’s ambition to normalize rates can never be achieved.</b></i></p><p><blockquote>快进到今天，法国兴业银行的内部permagrouch艾伯特·爱德华兹(Albert Edwards)为美联储提出的所有这些关键问题提供了答案：根据爱德华兹的说法，市场不必太担心诸如<i>“通货膨胀是不是暂时的”</i>原因很简单<i><b>美联储利率正常化的雄心永远无法实现。</b></i></blockquote></p><p> Picking up on the observations made by Deutsche Bank's head of FX, Edwards writes that while the global reflation trade was already in retreat, its head of lobbed off by the Fed in its surprisingly hawkish statement of intent last week, a \"retreat which quickly turned into a rout across many asset classes.\"</p><p><blockquote>爱德华兹根据德意志银行外汇主管的观察写道，虽然全球通货再膨胀交易已经在消退，但美联储上周在其令人惊讶的鹰派意向声明中驳斥了德意志银行外汇主管的观点，“撤退很快就变成了许多资产类别的溃败。”</blockquote></p><p> And while it was not quite in the same league as Bernanke's 2013 \"Taper Tantrum\" it clearly demonstrated the market’s sensitivity to the Fed’s intentions, fickle as they may be. The biggest surprise: after an initial selloff, the long end of the bond market rallied - in contrast to the sharp sell-off in 2013, or as Edwards echoes what we said:<i><b>Maybe the market now realizes that a Fed tightening cycle is impossible?</b></i></p><p><blockquote>尽管这与伯南克2013年的“缩减恐慌”不太一样，但它清楚地表明了市场对美联储意图的敏感性，尽管这些意图可能变化无常。最大的惊喜：在最初的抛售之后，债券市场的多头反弹——与2013年的大幅抛售形成鲜明对比，或者正如爱德华兹呼应我们所说的：<i><b>也许市场现在意识到美联储紧缩周期是不可能的？</b></i></blockquote></p><p> Referencing aWSJ articleby the Fed's former mouthpiece, Edwards writes that according to Jon Hilsenrath there are two explanations.</p><p><blockquote>爱德华兹引用美联储前发言人aWSJ的文章写道，根据乔恩·希尔森拉斯的说法，有两种解释。</blockquote></p><p> <ul>  <li>First, the Fed has done a better job communicating its intentions this time round (personally I think not).</li>  <li>Secondly and more worryingly, Hilsenrath writes that the markets could be too complacent.</li> </ul> Edwards next notes that according to Jeremy Stein who was a Fed Governor during the 2013 tantrum, the markets shouldn’t take a benign view of the extent of potential tightening as<i><b>“The Fed cannot support markets if there’s an inflation surprise.”</b></i>He said that Fed Chair Powell, his former colleague, has been adept at shifting his stance when needed. Despite the market’s tranquillity today, he said, Powell may need that nimbleness in the months ahead. Indeed, Mr. Powell said in a June 16 news conference “<i><b>We will do what we can to avoid a market reaction. But ultimately, when we achieve our macroeconomic goal, we will taper as appropriate”.</b></i></p><p><blockquote><ul><li>首先，美联储这一次在传达其意图方面做得更好（我个人认为不是）。</li><li>其次，也是更令人担忧的是，希尔森拉斯写道，市场可能过于自满。</li></ul>爱德华兹接下来指出，根据2013年发脾气期间担任美联储理事的杰里米·斯坦(Jeremy Stein)的说法，市场不应该对潜在紧缩的程度抱有善意的看法。<i><b>“如果出现通胀意外，美联储将无法支持市场。”</b></i>他表示，他的前同事美联储主席鲍威尔善于在需要时改变立场。他表示，尽管今天市场平静，但鲍威尔在未来几个月可能需要这种灵活性。事实上，鲍威尔先生在6月16日的新闻发布会上说“<i><b>我们将尽我们所能避免市场反应。但最终，当我们实现宏观经济目标时，我们将酌情缩减规模”。</b></i></blockquote></p><p> The permacynical Edwards then explodes, and says that when he reads those sorts of statements, he \"literally laughs out loud\" and asks \"is this the same Jerome Powell who at the end of 2018, after talking tough for months about the unwinding of the Fed balance sheet being on “auto-pilot” did a 180 degree about turn when markets began to swoon at the end of that year?<b>He is indeed nimble – in retreat!</b>\"</p><p><blockquote>一贯愤世嫉俗的爱德华兹随后爆发，并表示，当他读到这类声明时，他“真的笑出声来”，并问道：“这是同一个杰罗姆·鲍威尔吗？他在2018年底就美联储资产负债表的解除进行了几个月的强硬言论后，在当年年底市场开始低迷时，他的资产负债表处于“自动驾驶”状态，来了个180度大转弯？<b>他确实很敏捷——在撤退中！</b>\"</blockquote></p><p> Perhaps Edwards is no longer alone in his uber skepticism: after all none other than Bank of America recently said that everyone knows the Fed will stop tapering assoon as the S&amp;P drops 10%...which isn't a good sign when it comes to Powell's credibility.</p><p><blockquote>也许爱德华兹不再是唯一一个持超级怀疑态度的人：毕竟，不是别人，正是美国银行最近表示，随着标准普尔指数下跌10%，每个人都知道美联储将立即停止缩减规模……对于鲍威尔的可信度来说，这不是一个好兆头。</blockquote></p><p></p><p> So why does Edwards think the bond market reacted inversely to its Taper Tantrum shock? \"In my opinion the bond market rallied because they know that Fed easy money comes at a heavy price.\"</p><p><blockquote>那么，为什么爱德华兹认为债券市场对其缩减恐慌冲击做出了相反的反应呢？“在我看来，债券市场上涨是因为他们知道美联储的宽松货币政策付出了沉重的代价。”</blockquote></p><p> It's not just that: with the Fed having gone all in on reflating everything, not just the economy and stock market but the housing market too, a crash in any of the three would result in an immediate depression. That's why Edwards thinks that the bond market<b>\"just doesn’t believe the Fed can follow through on its tougher talk. Why? Because having created another huge, real-terms house price bubble, they are trapped\"...</b></p><p><blockquote>不仅如此：随着美联储全力推动一切通货再膨胀，不仅是经济和股市，还有房地产市场，这三者中的任何一个崩溃都将导致立即的萧条。这就是为什么爱德华兹认为债券市场<b>“只是不相信美联储能够坚持其更强硬的言论。为什么？因为在制造了另一个巨大的实际房价泡沫后，他们被困住了”...</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/da894f1f697890f14bbd7a2f9fd8e139\" tg-width=\"500\" tg-height=\"214\"></p><p><blockquote></blockquote></p><p> <b>...</b>which confirms what we have said since 2009: that \"central banks have become slaves to the bubbles that they blow – the markets quickly forcing a reversal of any tightening. This time around will be no different.\"</p><p><blockquote><b>...</b>这证实了我们自2009年以来所说的：“央行已经成为他们吹出的泡沫的奴隶——市场迅速迫使任何紧缩政策逆转。这一次也不会有什么不同。”</blockquote></p><p> And speaking of blowing house price bubbles, Edwards points out that \"there isn’t even room for the Fed on the medal podium. Pointing to the chart below...</p><p><blockquote>谈到吹大房价泡沫，爱德华兹指出，“奖牌领奖台上甚至没有美联储的位置。指向下图...</blockquote></p><p> <img src=\"https://static.tigerbbs.com/01eba2b10798b2941e9d408a94c428f5\" tg-width=\"800\" tg-height=\"475\"></p><p><blockquote></blockquote></p><p> ... Edwards concludes that '<b>this is now a global property bubble of epic proportions never before seen by man or beast and it has entrapped more CBs than just the Fed.</b>\"</p><p><blockquote>...爱德华兹的结论是“<b>现在，这是一场史无前例的全球房地产泡沫，它困住了更多的哥伦比亚广播公司，而不仅仅是美联储。</b>\"</blockquote></p><p> Bottom line: any attempt to normalize will leads to an immediate bursting of one or more asset bubbles, which will immediately draw the Fed right back in, resulting in an even bigger bubble, and yes- it means that sooner or later the Fed's two most hated assets, cryptos and gold, will both trade far above $100,000 once the world realizes that thehyperinflation that even BofA sees comingis not \"transitory.\"</p><p><blockquote>底线：任何正常化的尝试都将导致一个或多个资产泡沫立即破裂，这将立即将美联储拉回来，导致更大的泡沫，是的，这意味着美联储迟早会出现两个最令人讨厌的资产一旦世界意识到连美国银行都认为即将到来的恶性通货膨胀不是“暂时的”，加密货币和黄金的交易价格都将远高于10万美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/albert-edwards-fed-trapped-epic-bubble-it-can-never-normalize-rates-again\">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":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite","SPY":"标普500ETF"},"source_url":"https://www.zerohedge.com/markets/albert-edwards-fed-trapped-epic-bubble-it-can-never-normalize-rates-again","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119915886","content_text":"One week ago,we explained whythe Fed made a huge policy error last Wednesday when its latest dot plot showed two rate hikes: in simple terms, while market pricing for hikes in 2023 and 2024 went up, yields beyond that dropped as the market said that the best the Fed can do is less than 2-years of rate hikes.\n\nSaid otherwise, if the Fed decides to hike - as first Powell hinted and then Bullard doubled down on Friday sending stocks plunging -the market is saying that  it won’t be able to go very far before inflation and growth hit a speed limit,pushing yield expectations after the initial hike lower.\nThis very pessimistic view on r*,first laid out here in 2015, is also in line with market behavior beyond the bond market. First, as Deutsche Bank's FX strategist George Saravelos said, it is aligned with the very high dollar responsiveness we have seen to even small shifts in Fed stance: huge pent-up demand for yield from investors across the planet forces a stronger dollar and a bigger disinflationary impact quicker than assumed. In other words, a low global r*(remember the rest of the world still has massive current account surpluses, or excess savings)pushes US r* even lower.\nSecond, a low r* is consistent with continued equity resilience, especially in growth stocks heavily reliant on a low medium-term discount rate. That the equity moves in the past two days were led by huge relative rotation from the Russell to the NASDAQ should not be a surprise. This, as Deutsche Bank ominously warns,is 2010-19 secular stagnation pricing, version 2.\nHere, another, even bigger question emerged: will the US even be able to sustain positive GDP growth absent trillions in new stimulus each and every year? And even more ominous:what happens to inflation if the Fed is forced to cut rates well before the inflationary burst is extinguished?These are among uncomfortable questions markets will have to answer in the coming months.\n* * *\nFast forward to today when SocGen's in-house permagrouch, Albert Edwards, offered an answer to all of these critical questions posed by the Fed: according to Edwards, the market does not have to worry much about such trivial questions as\"is inflation transitory or not\"for the simple reason thatThe Fed’s ambition to normalize rates can never be achieved.\nPicking up on the observations made by Deutsche Bank's head of FX, Edwards writes that while the global reflation trade was already in retreat, its head of lobbed off by the Fed in its surprisingly hawkish statement of intent last week, a \"retreat which quickly turned into a rout across many asset classes.\"\nAnd while it was not quite in the same league as Bernanke's 2013 \"Taper Tantrum\" it clearly demonstrated the market’s sensitivity to the Fed’s intentions, fickle as they may be. The biggest surprise: after an initial selloff, the long end of the bond market rallied - in contrast to the sharp sell-off in 2013, or as Edwards echoes what we said:Maybe the market now realizes that a Fed tightening cycle is impossible?\nReferencing aWSJ articleby the Fed's former mouthpiece, Edwards writes that according to Jon Hilsenrath there are two explanations.\n\nFirst, the Fed has done a better job communicating its intentions this time round (personally I think not).\nSecondly and more worryingly, Hilsenrath writes that the markets could be too complacent.\n\nEdwards next notes that according to Jeremy Stein who was a Fed Governor during the 2013 tantrum, the markets shouldn’t take a benign view of the extent of potential tightening as“The Fed cannot support markets if there’s an inflation surprise.”He said that Fed Chair Powell, his former colleague, has been adept at shifting his stance when needed. Despite the market’s tranquillity today, he said, Powell may need that nimbleness in the months ahead. Indeed, Mr. Powell said in a June 16 news conference “We will do what we can to avoid a market reaction. But ultimately, when we achieve our macroeconomic goal, we will taper as appropriate”.\nThe permacynical Edwards then explodes, and says that when he reads those sorts of statements, he \"literally laughs out loud\" and asks \"is this the same Jerome Powell who at the end of 2018, after talking tough for months about the unwinding of the Fed balance sheet being on “auto-pilot” did a 180 degree about turn when markets began to swoon at the end of that year?He is indeed nimble – in retreat!\"\nPerhaps Edwards is no longer alone in his uber skepticism: after all none other than Bank of America recently said that everyone knows the Fed will stop tapering assoon as the S&P drops 10%...which isn't a good sign when it comes to Powell's credibility.\nSo why does Edwards think the bond market reacted inversely to its Taper Tantrum shock? \"In my opinion the bond market rallied because they know that Fed easy money comes at a heavy price.\"\nIt's not just that: with the Fed having gone all in on reflating everything, not just the economy and stock market but the housing market too, a crash in any of the three would result in an immediate depression. That's why Edwards thinks that the bond market\"just doesn’t believe the Fed can follow through on its tougher talk. Why? Because having created another huge, real-terms house price bubble, they are trapped\"...\n\n...which confirms what we have said since 2009: that \"central banks have become slaves to the bubbles that they blow – the markets quickly forcing a reversal of any tightening. This time around will be no different.\"\nAnd speaking of blowing house price bubbles, Edwards points out that \"there isn’t even room for the Fed on the medal podium. Pointing to the chart below...\n\n... Edwards concludes that 'this is now a global property bubble of epic proportions never before seen by man or beast and it has entrapped more CBs than just the Fed.\"\nBottom line: any attempt to normalize will leads to an immediate bursting of one or more asset bubbles, which will immediately draw the Fed right back in, resulting in an even bigger bubble, and yes- it means that sooner or later the Fed's two most hated assets, cryptos and gold, will both trade far above $100,000 once the world realizes that thehyperinflation that even BofA sees comingis not \"transitory.\"","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":447,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164982692,"gmtCreate":1624165780616,"gmtModify":1634009906008,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"wow&nbsp;","listText":"wow&nbsp;","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/164982692","repostId":"1126454279","repostType":4,"isVote":1,"tweetType":1,"viewCount":305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169607828,"gmtCreate":1623831351464,"gmtModify":1634027426166,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":":(","listText":":(","text":":(","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/169607828","repostId":"1184454883","repostType":4,"repost":{"id":"1184454883","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1623830812,"share":"https://www.laohu8.com/m/news/1184454883?lang=zh_CN&edition=full","pubTime":"2021-06-16 16:06","market":"us","language":"en","title":"Oracle shares fell more than 4% in pre-market trading,as CEO expects to push more money to cloud efforts<blockquote>甲骨文股价在盘前交易中下跌超过4%，首席执行官预计将向云工作投入更多资金</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184454883","media":"Tiger Newspress","summary":"Oracle shares fell more than 4% in pre-market trading.\nOracleORCL,-1.19%on Tuesday reported fourth-q","content":"<p>Oracle&nbsp;shares fell&nbsp;more&nbsp;than 4% in pre-market&nbsp;trading.</p><p><blockquote>甲骨文股价在盘前交易中下跌超过4%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/24c21c95265199b1f8a92747158fca89\" tg-width=\"1289\" tg-height=\"625\" referrerpolicy=\"no-referrer\">OracleORCL,-1.19%on Tuesday reported fourth-quarter earnings of $4.03 billion, or $1.37 a share, on sales of $11.23 billion, up from $10.44 billion a year ago. After adjusting for stock-based compensation and other effects, Oracle reported earnings of $1.54 a share, up from $1.20 a share last year. Analysts on average expected adjusted earnings of $1.31 a share on revenue of $11.02 billion.</p><p><blockquote>OracleORCL,-1.19%周二公布第四季度收益为40.3亿美元，即每股1.37美元，销售额为112.3亿美元，高于去年同期的104.4亿美元。在调整股票薪酬和其他影响后，甲骨文公布的每股收益为1.54美元，高于去年的每股1.20美元。分析师平均预期调整后每股收益为1.31美元，营收为110.2亿美元。</blockquote></p><p> For the full fiscal year, Oracle totaled $40.48 billion in sales, up 3.6% from its previous fiscal year. Oracle revenue had declined 1.1% and 0.8% in the past two years, respectively, and sales have declined four times in the past six years overall. The growth rate for the 2021 fiscal year is the second-best for Oracle since the end of the 2012 fiscal year.</p><p><blockquote>甲骨文整个财年的销售额为404.8亿美元，比上一财年增长3.6%。甲骨文的收入在过去两年中分别下降了1.1%和0.8%，销售额在过去六年中总体下降了四次。2021财年的增长率是甲骨文自2012财年结束以来的第二好增长率。</blockquote></p><p> Earnings also increased for the full year, though much of the gains in earnings per share are a result of massive share repurchases. Oracle repurchased $20.9 billion in stock as the COVID-19 pandemic raged in the past 12 months and has now spent more than $76 billion in the past three fiscal years purchasing its own stock.</p><p><blockquote>全年收益也有所增长，尽管每股收益的增长大部分是大规模股票回购的结果。随着过去12个月COVID-19大流行肆虐，甲骨文回购了209亿美元的股票，目前在过去三个财年中已花费超过760亿美元购买自己的股票。</blockquote></p><p> For the new fiscal year, Chief Executive Safra Catz predicted that revenue growth will continue but said Oracle will begin funneling more cash into its cloud business. The software provider expects to push $4 billion into capital expenditures to increase its competition with Amazon.com Inc.&nbsp;,Microsoft Corp.&nbsp;and others.</p><p><blockquote>对于新财年，首席执行官Safra Catz预测收入将继续增长，但表示甲骨文将开始向其云业务投入更多现金。该软件提供商预计将投入40亿美元的资本支出，以加强与亚马逊、微软等公司的竞争。</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>Oracle shares fell more than 4% in pre-market trading,as CEO expects to push more money to cloud efforts<blockquote>甲骨文股价在盘前交易中下跌超过4%，首席执行官预计将向云工作投入更多资金</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\">\nOracle shares fell more than 4% in pre-market trading,as CEO expects to push more money to cloud efforts<blockquote>甲骨文股价在盘前交易中下跌超过4%，首席执行官预计将向云工作投入更多资金</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-16 16:06</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Oracle&nbsp;shares fell&nbsp;more&nbsp;than 4% in pre-market&nbsp;trading.</p><p><blockquote>甲骨文股价在盘前交易中下跌超过4%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/24c21c95265199b1f8a92747158fca89\" tg-width=\"1289\" tg-height=\"625\" referrerpolicy=\"no-referrer\">OracleORCL,-1.19%on Tuesday reported fourth-quarter earnings of $4.03 billion, or $1.37 a share, on sales of $11.23 billion, up from $10.44 billion a year ago. After adjusting for stock-based compensation and other effects, Oracle reported earnings of $1.54 a share, up from $1.20 a share last year. Analysts on average expected adjusted earnings of $1.31 a share on revenue of $11.02 billion.</p><p><blockquote>OracleORCL,-1.19%周二公布第四季度收益为40.3亿美元，即每股1.37美元，销售额为112.3亿美元，高于去年同期的104.4亿美元。在调整股票薪酬和其他影响后，甲骨文公布的每股收益为1.54美元，高于去年的每股1.20美元。分析师平均预期调整后每股收益为1.31美元，营收为110.2亿美元。</blockquote></p><p> For the full fiscal year, Oracle totaled $40.48 billion in sales, up 3.6% from its previous fiscal year. Oracle revenue had declined 1.1% and 0.8% in the past two years, respectively, and sales have declined four times in the past six years overall. The growth rate for the 2021 fiscal year is the second-best for Oracle since the end of the 2012 fiscal year.</p><p><blockquote>甲骨文整个财年的销售额为404.8亿美元，比上一财年增长3.6%。甲骨文的收入在过去两年中分别下降了1.1%和0.8%，销售额在过去六年中总体下降了四次。2021财年的增长率是甲骨文自2012财年结束以来的第二好增长率。</blockquote></p><p> Earnings also increased for the full year, though much of the gains in earnings per share are a result of massive share repurchases. Oracle repurchased $20.9 billion in stock as the COVID-19 pandemic raged in the past 12 months and has now spent more than $76 billion in the past three fiscal years purchasing its own stock.</p><p><blockquote>全年收益也有所增长，尽管每股收益的增长大部分是大规模股票回购的结果。随着过去12个月COVID-19大流行肆虐，甲骨文回购了209亿美元的股票，目前在过去三个财年中已花费超过760亿美元购买自己的股票。</blockquote></p><p> For the new fiscal year, Chief Executive Safra Catz predicted that revenue growth will continue but said Oracle will begin funneling more cash into its cloud business. The software provider expects to push $4 billion into capital expenditures to increase its competition with Amazon.com Inc.&nbsp;,Microsoft Corp.&nbsp;and others.</p><p><blockquote>对于新财年，首席执行官Safra Catz预测收入将继续增长，但表示甲骨文将开始向其云业务投入更多现金。该软件提供商预计将投入40亿美元的资本支出，以加强与亚马逊、微软等公司的竞争。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ORCL":"甲骨文"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184454883","content_text":"Oracle shares fell more than 4% in pre-market trading.\nOracleORCL,-1.19%on Tuesday reported fourth-quarter earnings of $4.03 billion, or $1.37 a share, on sales of $11.23 billion, up from $10.44 billion a year ago. After adjusting for stock-based compensation and other effects, Oracle reported earnings of $1.54 a share, up from $1.20 a share last year. Analysts on average expected adjusted earnings of $1.31 a share on revenue of $11.02 billion.\nFor the full fiscal year, Oracle totaled $40.48 billion in sales, up 3.6% from its previous fiscal year. Oracle revenue had declined 1.1% and 0.8% in the past two years, respectively, and sales have declined four times in the past six years overall. The growth rate for the 2021 fiscal year is the second-best for Oracle since the end of the 2012 fiscal year.\nEarnings also increased for the full year, though much of the gains in earnings per share are a result of massive share repurchases. Oracle repurchased $20.9 billion in stock as the COVID-19 pandemic raged in the past 12 months and has now spent more than $76 billion in the past three fiscal years purchasing its own stock.\nFor the new fiscal year, Chief Executive Safra Catz predicted that revenue growth will continue but said Oracle will begin funneling more cash into its cloud business. The software provider expects to push $4 billion into capital expenditures to increase its competition with Amazon.com Inc. ,Microsoft Corp. and others.","news_type":1,"symbols_score_info":{"ORCL":0.9}},"isVote":1,"tweetType":1,"viewCount":242,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":187298771,"gmtCreate":1623754530593,"gmtModify":1634028987376,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"wowow","listText":"wowow","text":"wowow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/187298771","repostId":"1145996523","repostType":4,"repost":{"id":"1145996523","kind":"news","pubTimestamp":1623751116,"share":"https://www.laohu8.com/m/news/1145996523?lang=zh_CN&edition=full","pubTime":"2021-06-15 17:58","market":"us","language":"en","title":"Investors and the Fed aren't freaking out about inflation. Should they?<blockquote>投资者和美联储并没有对通胀感到恐慌。他们应该吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1145996523","media":"cnn","summary":"New York (CNN Business)There is a gigantic disconnect between Main Street and Wall Street when it co","content":"<p>New York (CNN Business)There is a gigantic disconnect between Main Street and Wall Street when it comes to inflation. Something's got to give.</p><p><blockquote>纽约（CNN Business）在通货膨胀方面，大街和华尔街之间存在巨大的脱节。总得有所让步。</blockquote></p><p> The US government reported last week that consumer prices, excluding food and energy, rose at their fastest clip since 1992 in May. Sherwin-Williams (SHW) is lifting the price of paint, one of many companies that's responding to higher commodities costs.</p><p><blockquote>美国政府上周报告称，5月份不包括食品和能源的消费者价格涨幅为1992年以来最快。宣伟(SHW)正在提高油漆价格，这是众多应对大宗商品成本上涨的公司之一。</blockquote></p><p> Food prices are also surging. Chipotle (CMG) just raised prices. So did Campbell Soup (CPB).</p><p><blockquote>食品价格也在飙升。Chipotle(CMG)刚刚提高了价格。金宝汤（CPB）也是如此。</blockquote></p><p> And the chief financial officer of restaurant and arcade chain Dave &amp; Buster's (PLAY) said during a recent earnings call with analysts that he expects a 6% to 8% increase in food costs for 2021 due to higher chicken, beef and dairy prices.</p><p><blockquote>餐厅和街机连锁店Dave&amp;Buster's(PLAY)的首席财务官在最近与分析师举行的财报看涨期权上表示，由于鸡肉、牛肉和乳制品价格上涨，他预计2021年食品成本将上涨6%至8%。</blockquote></p><p> Wages are rising too, especially for workers in the retail, leisure and hospitality sectors that are returning to jobs as the economy reopens. That adds to inflationary pressures, because some companies will choose to hike prices in order to maintain profits.</p><p><blockquote>工资也在上涨，尤其是随着经济重新开放而重返工作岗位的零售、休闲和酒店行业的工人。这增加了通胀压力，因为一些公司会选择提高价格以维持利润。</blockquote></p><p> Labor shortages aren't helping.</p><p><blockquote>劳动力短缺无济于事。</blockquote></p><p> The CEO of online pet retailer Chewy (CHWY) wrote in a letter to shareholders after its latest earnings report that it \"faced labor shortages in our fulfillment centers similar to those being faced by many companies nationwide.\" As a result, Chewy continues \"to invest in higher wages and benefits\" in order to fill job vacancies.</p><p><blockquote>在线宠物零售商Chewy(CHWY)的首席执行官在最新财报发布后致股东的一封信中写道，该公司“面临着与全国许多公司类似的劳动力短缺问题”。因此，Chewy继续“投资于更高的工资和福利”，以填补职位空缺。</blockquote></p><p> Yet investors — and the Federal Reserve — are shrugging off rising inflation as \"transitory.\" Long-term bond yields are falling, which isn't what normally happens when inflation runs hot. If bond investors believed that price hikes are here to stay, they'd be demanding higher yields.</p><p><blockquote>然而，投资者和美联储对通胀上升不屑一顾，认为这是“暂时的”。长期债券收益率正在下降，这通常不会在通胀加剧时发生。如果债券投资者认为价格上涨将持续下去，他们就会要求更高的收益率。</blockquote></p><p> And the market is pricing in just a 3% chance of a rate hike from the Fed by the end of the year. That's down from a 10% likelihood of higher rates just a month ago. Investors know a rate hike is the central bank's best tool to fight rising inflation, and they'll want to hear more on the subject when Fed chair Jerome Powell speaks at a press conference on Wednesday.</p><p><blockquote>市场预计美联储年底加息的可能性仅为3%。这低于一个月前10%的加息可能性。投资者知道加息是央行对抗通胀上升的最佳工具，当美联储主席杰罗姆·鲍威尔在周三的新闻发布会上发表讲话时，他们希望听到更多有关该主题的信息。</blockquote></p><p> \"The bond market is still not concerned about inflation. It's buying what the Fed is selling,\" said Randy Warren, CEO of Warren Financial.</p><p><blockquote>沃伦金融公司首席执行官兰迪·沃伦表示：“债券市场仍然不担心通胀。它正在购买美联储正在出售的东西。”</blockquote></p><p> The problem is that there is a chance the Fed could wait too long to react to inflation.</p><p><blockquote>问题是，美联储可能会等待太久才对通胀做出反应。</blockquote></p><p> \"Is inflation transitory or something more structural?\" asked Steven Oh, global head of credit and fixed income with PineBridge Investments. \"Will the Fed lose control of it down the road and make a policy error and not have the ability to rein it in?\"</p><p><blockquote>“通货膨胀是暂时的还是更具结构性的？”PineBridge Investments信贷和固定收益全球主管Steven Oh问道。“美联储将来会失去对它的控制，犯政策错误，没有能力控制它吗？”</blockquote></p><p> If the Fed and bond market are wrong about inflation, the central bank may have to wind down its pandemic stimulus much more quickly than it — and investors — would like. That would mean unwinding its big asset purchases and raising rates sooner rather than later.</p><p><blockquote>如果美联储和债券市场对通胀的看法是错误的，那么央行可能不得不以比其和投资者希望的更快的速度结束疫情刺激措施。这将意味着取消大规模资产购买并尽早加息。</blockquote></p><p> Oh doesn't think that will be the case. And many others agree. They argue that investors must keep in mind how rapidly the economy has roared back.</p><p><blockquote>哦，我不认为会是这样。许多其他人也同意。他们认为，投资者必须牢记经济复苏的速度有多快。</blockquote></p><p> For that reason, it should not be that big of a surprise that there are dislocations in the job market and supply chain. It will take time for conditions to revert to what they were like in late 2019 and early 2020 before Covid-19.</p><p><blockquote>因此，就业市场和供应链出现混乱也就不足为奇了。恢复到2019年底和2020年初新冠肺炎之前的水平需要时间。</blockquote></p><p> \"There are a lot of questions about inflation because you see it in everyday life,\" said Bryan Koslow, principal of Clarus Group, a wealth management firm. \"But we may have seen the peak, especially in terms of wage growth.\"</p><p><blockquote>财富管理公司Clarus Group的负责人布莱恩·科斯洛(Bryan Koslow)表示：“关于通货膨胀有很多问题，因为你在日常生活中都会看到它。”“但我们可能已经看到了峰值，尤其是在工资增长方面。”</blockquote></p><p> Even if that does turn out to be true, the mere fact that investors and consumers are so focused on prices is noteworthy. Inflation has essentially been a non-issue for more than a decade.</p><p><blockquote>即使事实证明这是真的，投资者和消费者如此关注价格这一事实也值得注意。十多年来，通货膨胀基本上不是问题。</blockquote></p><p> \"The Fed has to take the inflation concerns seriously,\" said Troy Gayeski, co-chief investment officer and senior portfolio manager at SkyBridge Capital. He added that he thinks there is a 20% chance that inflation pressures turn out to be more persistent as opposed to transitory.</p><p><blockquote>SkyBridge Capital联席首席投资官兼高级投资组合经理Troy Gayeski表示：“美联储必须认真对待通胀担忧。”他补充说，他认为通胀压力有20%的可能性变得更加持久，而不是暂时的。</blockquote></p><p> \"The risk of meaningful inflation has been non-existent since 2008. Until now,\" Gayeski said.</p><p><blockquote>“自2008年以来，有意义的通胀风险一直不存在。直到现在，”Gayeski说。</blockquote></p><p> <b>What's getting more expensive</b></p><p><blockquote><b>什么越来越贵</b></blockquote></p><p> Food and paint aren't the only things getting more expensive. As CNN Business' Moira Ritter points out, the prices of just about everything have gone up lately.</p><p><blockquote>食物和油漆并不是唯一变得更贵的东西。正如CNN商业频道的莫伊拉·里特(Moira Ritter)指出的那样，最近几乎所有东西的价格都在上涨。</blockquote></p><p> Lumber prices have soared. And the housing market continues to boom. That's led to a big spike in the prices of couches and other household furnishings.</p><p><blockquote>木材价格飙升。房地产市场继续繁荣。这导致沙发和其他家居用品的价格大幅上涨。</blockquote></p><p> Used cars are a lot more expensive too. Chalk that up to people returning to work and a dearth of new cars on dealership lots due to the chip supply shortage that has hurt production of new vehicles.</p><p><blockquote>二手车也贵得多。这归因于人们重返工作岗位，以及由于芯片供应短缺损害了新车的生产，经销商处新车短缺。</blockquote></p><p> People are traveling more as well. Airfares have shot up in anticipation of what some are dubbing the red hot vaccine summer.</p><p><blockquote>人们也越来越多地旅行。由于预期一些人所说的“炙手可热的疫苗之夏”，机票价格飙升。</blockquote></p><p> <b>Up next</b></p><p><blockquote><b>下一个</b></blockquote></p><p> <b>Tuesday: </b>US retail sales; US producer price index; Earnings from Oracle (ORCL) and H &amp; R Block (HRB)</p><p><blockquote><b>星期二：</b>美国零售额；美国生产者价格指数；Oracle(ORCL)和H&amp;R Block(HRB)的收益</blockquote></p><p> <b>Wednesday: </b>Federal Reserve rate decision; US housing starts and building permits; EIA crude oil inventories; Earnings from Lennar (LEN)</p><p><blockquote><b>星期三：</b>美联储利率决定；美国新屋开工和建筑许可；EIA原油库存；Lennar(LEN)的收益</blockquote></p><p></p><p> <b>Thursday: </b>US jobless claims; Earnings from Kroger (KR) and Adobe (ADBE)</p><p><blockquote><b>星期四：</b>美国初请失业金人数；克罗格(KR)和Adobe(ADBE)的收益</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>Investors and the Fed aren't freaking out about inflation. Should they?<blockquote>投资者和美联储并没有对通胀感到恐慌。他们应该吗？</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\">\nInvestors and the Fed aren't freaking out about inflation. Should they?<blockquote>投资者和美联储并没有对通胀感到恐慌。他们应该吗？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">cnn</strong><span class=\"h-time small\">2021-06-15 17:58</span>\n</p>\n</h4>\n</header>\n<article>\n<p>New York (CNN Business)There is a gigantic disconnect between Main Street and Wall Street when it comes to inflation. Something's got to give.</p><p><blockquote>纽约（CNN Business）在通货膨胀方面，大街和华尔街之间存在巨大的脱节。总得有所让步。</blockquote></p><p> The US government reported last week that consumer prices, excluding food and energy, rose at their fastest clip since 1992 in May. Sherwin-Williams (SHW) is lifting the price of paint, one of many companies that's responding to higher commodities costs.</p><p><blockquote>美国政府上周报告称，5月份不包括食品和能源的消费者价格涨幅为1992年以来最快。宣伟(SHW)正在提高油漆价格，这是众多应对大宗商品成本上涨的公司之一。</blockquote></p><p> Food prices are also surging. Chipotle (CMG) just raised prices. So did Campbell Soup (CPB).</p><p><blockquote>食品价格也在飙升。Chipotle(CMG)刚刚提高了价格。金宝汤（CPB）也是如此。</blockquote></p><p> And the chief financial officer of restaurant and arcade chain Dave &amp; Buster's (PLAY) said during a recent earnings call with analysts that he expects a 6% to 8% increase in food costs for 2021 due to higher chicken, beef and dairy prices.</p><p><blockquote>餐厅和街机连锁店Dave&amp;Buster's(PLAY)的首席财务官在最近与分析师举行的财报看涨期权上表示，由于鸡肉、牛肉和乳制品价格上涨，他预计2021年食品成本将上涨6%至8%。</blockquote></p><p> Wages are rising too, especially for workers in the retail, leisure and hospitality sectors that are returning to jobs as the economy reopens. That adds to inflationary pressures, because some companies will choose to hike prices in order to maintain profits.</p><p><blockquote>工资也在上涨，尤其是随着经济重新开放而重返工作岗位的零售、休闲和酒店行业的工人。这增加了通胀压力，因为一些公司会选择提高价格以维持利润。</blockquote></p><p> Labor shortages aren't helping.</p><p><blockquote>劳动力短缺无济于事。</blockquote></p><p> The CEO of online pet retailer Chewy (CHWY) wrote in a letter to shareholders after its latest earnings report that it \"faced labor shortages in our fulfillment centers similar to those being faced by many companies nationwide.\" As a result, Chewy continues \"to invest in higher wages and benefits\" in order to fill job vacancies.</p><p><blockquote>在线宠物零售商Chewy(CHWY)的首席执行官在最新财报发布后致股东的一封信中写道，该公司“面临着与全国许多公司类似的劳动力短缺问题”。因此，Chewy继续“投资于更高的工资和福利”，以填补职位空缺。</blockquote></p><p> Yet investors — and the Federal Reserve — are shrugging off rising inflation as \"transitory.\" Long-term bond yields are falling, which isn't what normally happens when inflation runs hot. If bond investors believed that price hikes are here to stay, they'd be demanding higher yields.</p><p><blockquote>然而，投资者和美联储对通胀上升不屑一顾，认为这是“暂时的”。长期债券收益率正在下降，这通常不会在通胀加剧时发生。如果债券投资者认为价格上涨将持续下去，他们就会要求更高的收益率。</blockquote></p><p> And the market is pricing in just a 3% chance of a rate hike from the Fed by the end of the year. That's down from a 10% likelihood of higher rates just a month ago. Investors know a rate hike is the central bank's best tool to fight rising inflation, and they'll want to hear more on the subject when Fed chair Jerome Powell speaks at a press conference on Wednesday.</p><p><blockquote>市场预计美联储年底加息的可能性仅为3%。这低于一个月前10%的加息可能性。投资者知道加息是央行对抗通胀上升的最佳工具，当美联储主席杰罗姆·鲍威尔在周三的新闻发布会上发表讲话时，他们希望听到更多有关该主题的信息。</blockquote></p><p> \"The bond market is still not concerned about inflation. It's buying what the Fed is selling,\" said Randy Warren, CEO of Warren Financial.</p><p><blockquote>沃伦金融公司首席执行官兰迪·沃伦表示：“债券市场仍然不担心通胀。它正在购买美联储正在出售的东西。”</blockquote></p><p> The problem is that there is a chance the Fed could wait too long to react to inflation.</p><p><blockquote>问题是，美联储可能会等待太久才对通胀做出反应。</blockquote></p><p> \"Is inflation transitory or something more structural?\" asked Steven Oh, global head of credit and fixed income with PineBridge Investments. \"Will the Fed lose control of it down the road and make a policy error and not have the ability to rein it in?\"</p><p><blockquote>“通货膨胀是暂时的还是更具结构性的？”PineBridge Investments信贷和固定收益全球主管Steven Oh问道。“美联储将来会失去对它的控制，犯政策错误，没有能力控制它吗？”</blockquote></p><p> If the Fed and bond market are wrong about inflation, the central bank may have to wind down its pandemic stimulus much more quickly than it — and investors — would like. That would mean unwinding its big asset purchases and raising rates sooner rather than later.</p><p><blockquote>如果美联储和债券市场对通胀的看法是错误的，那么央行可能不得不以比其和投资者希望的更快的速度结束疫情刺激措施。这将意味着取消大规模资产购买并尽早加息。</blockquote></p><p> Oh doesn't think that will be the case. And many others agree. They argue that investors must keep in mind how rapidly the economy has roared back.</p><p><blockquote>哦，我不认为会是这样。许多其他人也同意。他们认为，投资者必须牢记经济复苏的速度有多快。</blockquote></p><p> For that reason, it should not be that big of a surprise that there are dislocations in the job market and supply chain. It will take time for conditions to revert to what they were like in late 2019 and early 2020 before Covid-19.</p><p><blockquote>因此，就业市场和供应链出现混乱也就不足为奇了。恢复到2019年底和2020年初新冠肺炎之前的水平需要时间。</blockquote></p><p> \"There are a lot of questions about inflation because you see it in everyday life,\" said Bryan Koslow, principal of Clarus Group, a wealth management firm. \"But we may have seen the peak, especially in terms of wage growth.\"</p><p><blockquote>财富管理公司Clarus Group的负责人布莱恩·科斯洛(Bryan Koslow)表示：“关于通货膨胀有很多问题，因为你在日常生活中都会看到它。”“但我们可能已经看到了峰值，尤其是在工资增长方面。”</blockquote></p><p> Even if that does turn out to be true, the mere fact that investors and consumers are so focused on prices is noteworthy. Inflation has essentially been a non-issue for more than a decade.</p><p><blockquote>即使事实证明这是真的，投资者和消费者如此关注价格这一事实也值得注意。十多年来，通货膨胀基本上不是问题。</blockquote></p><p> \"The Fed has to take the inflation concerns seriously,\" said Troy Gayeski, co-chief investment officer and senior portfolio manager at SkyBridge Capital. He added that he thinks there is a 20% chance that inflation pressures turn out to be more persistent as opposed to transitory.</p><p><blockquote>SkyBridge Capital联席首席投资官兼高级投资组合经理Troy Gayeski表示：“美联储必须认真对待通胀担忧。”他补充说，他认为通胀压力有20%的可能性变得更加持久，而不是暂时的。</blockquote></p><p> \"The risk of meaningful inflation has been non-existent since 2008. Until now,\" Gayeski said.</p><p><blockquote>“自2008年以来，有意义的通胀风险一直不存在。直到现在，”Gayeski说。</blockquote></p><p> <b>What's getting more expensive</b></p><p><blockquote><b>什么越来越贵</b></blockquote></p><p> Food and paint aren't the only things getting more expensive. As CNN Business' Moira Ritter points out, the prices of just about everything have gone up lately.</p><p><blockquote>食物和油漆并不是唯一变得更贵的东西。正如CNN商业频道的莫伊拉·里特(Moira Ritter)指出的那样，最近几乎所有东西的价格都在上涨。</blockquote></p><p> Lumber prices have soared. And the housing market continues to boom. That's led to a big spike in the prices of couches and other household furnishings.</p><p><blockquote>木材价格飙升。房地产市场继续繁荣。这导致沙发和其他家居用品的价格大幅上涨。</blockquote></p><p> Used cars are a lot more expensive too. Chalk that up to people returning to work and a dearth of new cars on dealership lots due to the chip supply shortage that has hurt production of new vehicles.</p><p><blockquote>二手车也贵得多。这归因于人们重返工作岗位，以及由于芯片供应短缺损害了新车的生产，经销商处新车短缺。</blockquote></p><p> People are traveling more as well. Airfares have shot up in anticipation of what some are dubbing the red hot vaccine summer.</p><p><blockquote>人们也越来越多地旅行。由于预期一些人所说的“炙手可热的疫苗之夏”，机票价格飙升。</blockquote></p><p> <b>Up next</b></p><p><blockquote><b>下一个</b></blockquote></p><p> <b>Tuesday: </b>US retail sales; US producer price index; Earnings from Oracle (ORCL) and H &amp; R Block (HRB)</p><p><blockquote><b>星期二：</b>美国零售额；美国生产者价格指数；Oracle(ORCL)和H&amp;R Block(HRB)的收益</blockquote></p><p> <b>Wednesday: </b>Federal Reserve rate decision; US housing starts and building permits; EIA crude oil inventories; Earnings from Lennar (LEN)</p><p><blockquote><b>星期三：</b>美联储利率决定；美国新屋开工和建筑许可；EIA原油库存；Lennar(LEN)的收益</blockquote></p><p></p><p> <b>Thursday: </b>US jobless claims; Earnings from Kroger (KR) and Adobe (ADBE)</p><p><blockquote><b>星期四：</b>美国初请失业金人数；克罗格(KR)和Adobe(ADBE)的收益</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://edition.cnn.com/2021/06/13/investing/stocks-week-ahead/index.html\">cnn</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":{"SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://edition.cnn.com/2021/06/13/investing/stocks-week-ahead/index.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1145996523","content_text":"New York (CNN Business)There is a gigantic disconnect between Main Street and Wall Street when it comes to inflation. Something's got to give.\nThe US government reported last week that consumer prices, excluding food and energy, rose at their fastest clip since 1992 in May. Sherwin-Williams (SHW) is lifting the price of paint, one of many companies that's responding to higher commodities costs.\nFood prices are also surging. Chipotle (CMG) just raised prices. So did Campbell Soup (CPB).\nAnd the chief financial officer of restaurant and arcade chain Dave & Buster's (PLAY) said during a recent earnings call with analysts that he expects a 6% to 8% increase in food costs for 2021 due to higher chicken, beef and dairy prices.\nWages are rising too, especially for workers in the retail, leisure and hospitality sectors that are returning to jobs as the economy reopens. That adds to inflationary pressures, because some companies will choose to hike prices in order to maintain profits.\nLabor shortages aren't helping.\nThe CEO of online pet retailer Chewy (CHWY) wrote in a letter to shareholders after its latest earnings report that it \"faced labor shortages in our fulfillment centers similar to those being faced by many companies nationwide.\" As a result, Chewy continues \"to invest in higher wages and benefits\" in order to fill job vacancies.\nYet investors — and the Federal Reserve — are shrugging off rising inflation as \"transitory.\" Long-term bond yields are falling, which isn't what normally happens when inflation runs hot. If bond investors believed that price hikes are here to stay, they'd be demanding higher yields.\nAnd the market is pricing in just a 3% chance of a rate hike from the Fed by the end of the year. That's down from a 10% likelihood of higher rates just a month ago. Investors know a rate hike is the central bank's best tool to fight rising inflation, and they'll want to hear more on the subject when Fed chair Jerome Powell speaks at a press conference on Wednesday.\n\"The bond market is still not concerned about inflation. It's buying what the Fed is selling,\" said Randy Warren, CEO of Warren Financial.\nThe problem is that there is a chance the Fed could wait too long to react to inflation.\n\"Is inflation transitory or something more structural?\" asked Steven Oh, global head of credit and fixed income with PineBridge Investments. \"Will the Fed lose control of it down the road and make a policy error and not have the ability to rein it in?\"\nIf the Fed and bond market are wrong about inflation, the central bank may have to wind down its pandemic stimulus much more quickly than it — and investors — would like. That would mean unwinding its big asset purchases and raising rates sooner rather than later.\nOh doesn't think that will be the case. And many others agree. They argue that investors must keep in mind how rapidly the economy has roared back.\nFor that reason, it should not be that big of a surprise that there are dislocations in the job market and supply chain. It will take time for conditions to revert to what they were like in late 2019 and early 2020 before Covid-19.\n\"There are a lot of questions about inflation because you see it in everyday life,\" said Bryan Koslow, principal of Clarus Group, a wealth management firm. \"But we may have seen the peak, especially in terms of wage growth.\"\nEven if that does turn out to be true, the mere fact that investors and consumers are so focused on prices is noteworthy. Inflation has essentially been a non-issue for more than a decade.\n\"The Fed has to take the inflation concerns seriously,\" said Troy Gayeski, co-chief investment officer and senior portfolio manager at SkyBridge Capital. He added that he thinks there is a 20% chance that inflation pressures turn out to be more persistent as opposed to transitory.\n\"The risk of meaningful inflation has been non-existent since 2008. Until now,\" Gayeski said.\nWhat's getting more expensive\nFood and paint aren't the only things getting more expensive. As CNN Business' Moira Ritter points out, the prices of just about everything have gone up lately.\nLumber prices have soared. And the housing market continues to boom. That's led to a big spike in the prices of couches and other household furnishings.\nUsed cars are a lot more expensive too. Chalk that up to people returning to work and a dearth of new cars on dealership lots due to the chip supply shortage that has hurt production of new vehicles.\nPeople are traveling more as well. Airfares have shot up in anticipation of what some are dubbing the red hot vaccine summer.\nUp next\nTuesday: US retail sales; US producer price index; Earnings from Oracle (ORCL) and H & R Block (HRB)\nWednesday: Federal Reserve rate decision; US housing starts and building permits; EIA crude oil inventories; Earnings from Lennar (LEN)\nThursday: US jobless claims; Earnings from Kroger (KR) and Adobe (ADBE)","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":322,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":154739808,"gmtCreate":1625544344204,"gmtModify":1631890698454,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"wow&nbsp;","listText":"wow&nbsp;","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/154739808","repostId":"1190430616","repostType":4,"isVote":1,"tweetType":1,"viewCount":2991,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":129454846,"gmtCreate":1624383335485,"gmtModify":1634006908707,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"wow&nbsp;","listText":"wow&nbsp;","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/129454846","repostId":"2145052069","repostType":4,"isVote":1,"tweetType":1,"viewCount":514,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120921790,"gmtCreate":1624292679910,"gmtModify":1634008230015,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"wow&nbsp;","listText":"wow&nbsp;","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/120921790","repostId":"1164368267","repostType":4,"isVote":1,"tweetType":1,"viewCount":274,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164985561,"gmtCreate":1624165848953,"gmtModify":1634009904599,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"wowww","listText":"wowww","text":"wowww","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/164985561","repostId":"1147049745","repostType":4,"repost":{"id":"1147049745","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1624018214,"share":"https://www.laohu8.com/m/news/1147049745?lang=zh_CN&edition=full","pubTime":"2021-06-18 20:10","market":"us","language":"en","title":"Toplines Before US Market Open on Friday<blockquote>周五美国市场开盘前的营收</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147049745","media":"Tiger Newspress","summary":"U.S. stock futures fell on Friday as the S&P 500 and the Dow Jones Industrial Average are on pace to","content":"<p>U.S. stock futures fell on Friday as the S&amp;P 500 and the Dow Jones Industrial Average are on pace to post a losing week after the Federal Reserve's latest policy update.</p><p><blockquote>美国股指期货周五下跌，因为在美联储最新政策更新后，标普500和道琼斯工业平均指数预计将出现本周下跌。</blockquote></p><p> At 8:05 a.m. ET, Dow E-minis were down 153 points, or 0.45%, S&amp;P 500 E-minis were down 14.75 points, or 0.35% and Nasdaq 100 E-minis fell 18.5 points, or 0.13%.</p><p><blockquote>截至美国东部时间上午8:05，道指E-minis下跌153点，跌幅0.45%，标普500 E-minis下跌14.75点，跌幅0.35%，纳斯达克100 E-minis下跌18.5点，跌幅0.13%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/25234fe10c0fe8a9e73f2cec66447216\" tg-width=\"1003\" tg-height=\"316\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 08:05</span></p><p><blockquote><p class=\"t-img-caption\"><span>*来源自Tiger Trade，美国东部时间08:05</span></p></blockquote></p><p> The blue-chip Dow has lost 1.9% week to date, on pace for its worst week since January. The S&amp;P 500 has fallen 0.6%. But the Nasdaq has gained 0.65% on the week.</p><p><blockquote>蓝筹股道琼斯指数本周迄今已下跌1.9%，创下1月份以来最糟糕的一周。标普500下跌0.6%。但纳斯达克本周上涨了0.65%。</blockquote></p><p> The decline in stocks came amid a drastic flattening of the so-called Treasury yield curve&nbsp;where the yields of shorter-duration Treasurys, like the&nbsp;2-year note, rose, while longer duration yields, such as the benchmark 10-year fell.&nbsp;The retreat in long-dated bonds reflects less optimism toward the economic growth, while the jump in short-end yields shows the expectations of the Fed raising rates.</p><p><blockquote>股市下跌之际，所谓的国债收益率曲线急剧变平，2年期国债等短期国债收益率上升，而基准10年期国债等长期国债收益率下降。长期债券的回落反映了对经济增长的不太乐观，而短期收益率的跃升则显示了美联储加息的预期。</blockquote></p><p> The central bank's hawkish pivot on Wednesday&nbsp;caused volatile stock and bond market moves. Fed officials added two rate hikes to their 2023 forecast and increased their inflation projection for the year, while Fed Chairman Jerome Powell said officials have discussed tapering bond buying and would at some point begin slowing the asset purchases.</p><p><blockquote>央行周三的鹰派转向导致股市和债市波动。美联储官员在2023年的预测中增加了两次加息，并提高了今年的通胀预测，而美联储主席鲍威尔表示，官员们已经讨论了缩减债券购买，并将在某个时候开始放缓资产购买。</blockquote></p><p> Friday also coincides with the quarterly \"quadruple witching\" where options and futures on indexes and equities expire. Many expect trading to be more volatile in light of this event.</p><p><blockquote>周五也恰逢季度“四重巫术”，指数和股票的期权和期货到期。许多人预计，鉴于这一事件，交易将更加波动。</blockquote></p><p> <b>Stocks making the biggest moves in the premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> <b>Adobe(ADBE) </b>– Adobe reported quarterly profit of $3.03 per share, 21 cents a share above estimates. The software company's revenue also topped Wall Street forecasts and Adobe gave stronger-than-expected current-quarter guidance. Its shares rose 3.1% in premarket trading.</p><p><blockquote><b>Adobe(ADBE)</b>-Adobe报告季度利润为每股3.03美元，比预期高出每股21美分。该软件公司的收入也超出了华尔街的预期，Adobe给出了强于预期的本季度指引。其股价在盘前交易中上涨3.1%。</blockquote></p><p> <b>Smith &amp; Wesson(SWBI) </b>– Smith &amp; Wesson reported better-than-expected profit and sales for its latest quarter, as the gun maker's sales surged 67% compared to the same quarter a year earlier. The company notes that its shipments jumped 70% compared to overall industry growth of 42%. Shares rallied 4.7% in premarket trading.</p><p><blockquote><b>史密斯威森(SWBI)</b>-Smith&amp;Wesson报告其最新季度的利润和销售额好于预期，该枪支制造商的销售额与去年同期相比飙升了67%。该公司指出，其出货量增长了70%，而行业整体增长率为42%。股价在盘前交易中上涨4.7%。</blockquote></p><p> <b>Orphazyme(ORPH)</b> – Orphazyme plunged 52.6% in the premarket after the Food and Drug Administration rejected its experimental treatment for a genetic disorder known as Niemann-Pick disease type C. The Denmark-based biotech company had seen volatile trading in its shares in recent days after it picked up social media attention, falling 10.2% Thursday after a more than 61% surge Wednesday.</p><p><blockquote><b>Orphazyme(ORPH)</b>-在美国食品和药物管理局拒绝其对尼曼-皮克病C型遗传疾病的实验性治疗后，Orphazyme在盘前暴跌52.6%。这家总部位于丹麦的生物技术公司最近几天股价波动较大社交媒体关注度在周三飙升超过61%后，周四下跌10.2%。</blockquote></p><p> <b>Delta Air Lines(DAL)</b> – The stock added 1.1% in the premarket following a double upgrade at Wolfe Research to \"outperform\" from \"underperform.\" Wolfe said it sees business travel benefiting from pent-up demand later this summer, although it doesn't think it will return to pre-Covid levels.</p><p><blockquote><b>达美航空(DAL)</b>-Wolfe Research将评级从“跑输大盘”上调至“跑赢大盘”，该股盘前上涨1.1%。沃尔夫表示，预计今年夏天晚些时候商务旅行将受益于被压抑的需求，尽管它认为不会恢复到新冠疫情爆发前的水平。</blockquote></p><p> <b>Manchester United(MANU) </b>– Manchester United lost $30.2 million for the first three months of this year, due largely to the absence of fans at its games because of the coronavirus pandemic. All of the team's 2020-21 season games were played without spectators.</p><p><blockquote><b>曼联(MANU)</b>-曼联今年前三个月损失了3020万美元，主要是由于冠状病毒大流行导致球迷缺席比赛。球队2020-21赛季的所有比赛都是在没有观众的情况下进行的。</blockquote></p><p> <b>ArcelorMittal(MT) </b>– ArcelorMittal sold its remaining 38.2 million shares of steel producerCleveland-Cliffs(CLF). The mining company will use the proceeds to fund a $750 million share buyback. Arcelor-Mittal rose 1% in premarket action, while Cleveland-Cliffs added 0.3%.</p><p><blockquote><b>安赛乐米塔尔(MT)</b>-安赛乐米塔尔出售了钢铁生产商克利夫兰克利夫斯(CLF)剩余的3820万股股票。该矿业公司将利用所得款项为7.5亿美元的股票回购提供资金。阿塞洛-米塔尔(Arcelor-Mittal)盘前上涨1%，克利夫兰克利夫斯(Cleveland-Cliffs)上涨0.3%。</blockquote></p><p> <b>Carnival(CCL) </b>– The cruise line operator disclosed a March data breach that may have exposed personal information of customers of its Carnival, Holland America and Princess brands. It did not disclose how many may have been affected.</p><p><blockquote><b>嘉年华(CCL)</b>-该邮轮运营商披露了3月份的数据泄露事件，该事件可能暴露了其嘉年华、荷美和公主品牌客户的个人信息。它没有透露有多少人可能受到影响。</blockquote></p><p> <b>Fox Corp.(FOXA) </b>– Fox increased its stock repurchase program by $2 billion to a total of $4 billion, helping to send its shares higher by 2.8% in the premarket.</p><p><blockquote><b>福克斯公司(FOXA)</b>-福克斯将股票回购计划增加了20亿美元，总额达到40亿美元，帮助其股价在盘前上涨2.8%。</blockquote></p><p> <b>Pilgrim's Pride(PPC) </b>– Pilgrim's Pride expanded its prepared foods and branded products business by purchasing Kerry Group's Meats and Meals business. The poultry producer will pay the Ireland-based company about $947 million for that unit.</p><p><blockquote><b>朝圣者的骄傲(PPC)</b>–Pilgrim's Pride透过收购嘉里集团的肉类及膳食业务，扩展其熟食及品牌产品业务。这家家禽生产商将向这家总部位于爱尔兰的公司支付约9.47亿美元购买该设备。</blockquote></p><p> <b>Hasbro(HAS),Mattel(MAT) </b>– The toymakers are on watch following a New York Post report warning of a potential toy shortage this coming holiday season. The paper said thousands of toys ready for shipment remain stockpiled in China due to the lack of shipping containers available for export.</p><p><blockquote><b>孩之宝(HAS)、美泰(MAT)</b>-《纽约邮报》的一篇报道警告即将到来的假期可能会出现玩具短缺，玩具制造商正在密切关注。该报称，由于缺乏可供出口的集装箱，数千件准备装运的玩具仍储存在中国。</blockquote></p><p> <b>Biogen(BIIB)</b> – The drugmaker's stock was upgraded to \"overweight\" from \"neutral\" at Piper Sandler, which cites a number of factors including the likelihood that doctors will prescribe Biogen's newly approved Alzheimer's drug Aduhelm. Biogen shares rose 1.7% in the premarket.</p><p><blockquote><b>Biogen(BIIB)</b>–Piper Sandler将该制药商的股票从“中性”上调至“跑赢大盘”，该评级引用了许多因素，包括医生可能会开百健新批准的阿尔茨海默病药物Aduhelm。百健(Biogen)股价盘前上涨1.7%。</blockquote></p><p></p><p> <b>Citigroup(C) </b>– The bank's stock remains on watch after declining for the past 11 consecutive trading days, losing 14% over that time.</p><p><blockquote><b>花旗集团(C)</b>-该银行股价在过去连续11个交易日下跌后仍受到关注，在此期间下跌了14%。</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>Toplines Before US Market Open on Friday<blockquote>周五美国市场开盘前的营收</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\">\nToplines Before US Market Open on Friday<blockquote>周五美国市场开盘前的营收</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-18 20:10</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>U.S. stock futures fell on Friday as the S&amp;P 500 and the Dow Jones Industrial Average are on pace to post a losing week after the Federal Reserve's latest policy update.</p><p><blockquote>美国股指期货周五下跌，因为在美联储最新政策更新后，标普500和道琼斯工业平均指数预计将出现本周下跌。</blockquote></p><p> At 8:05 a.m. ET, Dow E-minis were down 153 points, or 0.45%, S&amp;P 500 E-minis were down 14.75 points, or 0.35% and Nasdaq 100 E-minis fell 18.5 points, or 0.13%.</p><p><blockquote>截至美国东部时间上午8:05，道指E-minis下跌153点，跌幅0.45%，标普500 E-minis下跌14.75点，跌幅0.35%，纳斯达克100 E-minis下跌18.5点，跌幅0.13%。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/25234fe10c0fe8a9e73f2cec66447216\" tg-width=\"1003\" tg-height=\"316\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 08:05</span></p><p><blockquote><p class=\"t-img-caption\"><span>*来源自Tiger Trade，美国东部时间08:05</span></p></blockquote></p><p> The blue-chip Dow has lost 1.9% week to date, on pace for its worst week since January. The S&amp;P 500 has fallen 0.6%. But the Nasdaq has gained 0.65% on the week.</p><p><blockquote>蓝筹股道琼斯指数本周迄今已下跌1.9%，创下1月份以来最糟糕的一周。标普500下跌0.6%。但纳斯达克本周上涨了0.65%。</blockquote></p><p> The decline in stocks came amid a drastic flattening of the so-called Treasury yield curve&nbsp;where the yields of shorter-duration Treasurys, like the&nbsp;2-year note, rose, while longer duration yields, such as the benchmark 10-year fell.&nbsp;The retreat in long-dated bonds reflects less optimism toward the economic growth, while the jump in short-end yields shows the expectations of the Fed raising rates.</p><p><blockquote>股市下跌之际，所谓的国债收益率曲线急剧变平，2年期国债等短期国债收益率上升，而基准10年期国债等长期国债收益率下降。长期债券的回落反映了对经济增长的不太乐观，而短期收益率的跃升则显示了美联储加息的预期。</blockquote></p><p> The central bank's hawkish pivot on Wednesday&nbsp;caused volatile stock and bond market moves. Fed officials added two rate hikes to their 2023 forecast and increased their inflation projection for the year, while Fed Chairman Jerome Powell said officials have discussed tapering bond buying and would at some point begin slowing the asset purchases.</p><p><blockquote>央行周三的鹰派转向导致股市和债市波动。美联储官员在2023年的预测中增加了两次加息，并提高了今年的通胀预测，而美联储主席鲍威尔表示，官员们已经讨论了缩减债券购买，并将在某个时候开始放缓资产购买。</blockquote></p><p> Friday also coincides with the quarterly \"quadruple witching\" where options and futures on indexes and equities expire. Many expect trading to be more volatile in light of this event.</p><p><blockquote>周五也恰逢季度“四重巫术”，指数和股票的期权和期货到期。许多人预计，鉴于这一事件，交易将更加波动。</blockquote></p><p> <b>Stocks making the biggest moves in the premarket:</b></p><p><blockquote><b>盘前涨幅最大的股票：</b></blockquote></p><p> <b>Adobe(ADBE) </b>– Adobe reported quarterly profit of $3.03 per share, 21 cents a share above estimates. The software company's revenue also topped Wall Street forecasts and Adobe gave stronger-than-expected current-quarter guidance. Its shares rose 3.1% in premarket trading.</p><p><blockquote><b>Adobe(ADBE)</b>-Adobe报告季度利润为每股3.03美元，比预期高出每股21美分。该软件公司的收入也超出了华尔街的预期，Adobe给出了强于预期的本季度指引。其股价在盘前交易中上涨3.1%。</blockquote></p><p> <b>Smith &amp; Wesson(SWBI) </b>– Smith &amp; Wesson reported better-than-expected profit and sales for its latest quarter, as the gun maker's sales surged 67% compared to the same quarter a year earlier. The company notes that its shipments jumped 70% compared to overall industry growth of 42%. Shares rallied 4.7% in premarket trading.</p><p><blockquote><b>史密斯威森(SWBI)</b>-Smith&amp;Wesson报告其最新季度的利润和销售额好于预期，该枪支制造商的销售额与去年同期相比飙升了67%。该公司指出，其出货量增长了70%，而行业整体增长率为42%。股价在盘前交易中上涨4.7%。</blockquote></p><p> <b>Orphazyme(ORPH)</b> – Orphazyme plunged 52.6% in the premarket after the Food and Drug Administration rejected its experimental treatment for a genetic disorder known as Niemann-Pick disease type C. The Denmark-based biotech company had seen volatile trading in its shares in recent days after it picked up social media attention, falling 10.2% Thursday after a more than 61% surge Wednesday.</p><p><blockquote><b>Orphazyme(ORPH)</b>-在美国食品和药物管理局拒绝其对尼曼-皮克病C型遗传疾病的实验性治疗后，Orphazyme在盘前暴跌52.6%。这家总部位于丹麦的生物技术公司最近几天股价波动较大社交媒体关注度在周三飙升超过61%后，周四下跌10.2%。</blockquote></p><p> <b>Delta Air Lines(DAL)</b> – The stock added 1.1% in the premarket following a double upgrade at Wolfe Research to \"outperform\" from \"underperform.\" Wolfe said it sees business travel benefiting from pent-up demand later this summer, although it doesn't think it will return to pre-Covid levels.</p><p><blockquote><b>达美航空(DAL)</b>-Wolfe Research将评级从“跑输大盘”上调至“跑赢大盘”，该股盘前上涨1.1%。沃尔夫表示，预计今年夏天晚些时候商务旅行将受益于被压抑的需求，尽管它认为不会恢复到新冠疫情爆发前的水平。</blockquote></p><p> <b>Manchester United(MANU) </b>– Manchester United lost $30.2 million for the first three months of this year, due largely to the absence of fans at its games because of the coronavirus pandemic. All of the team's 2020-21 season games were played without spectators.</p><p><blockquote><b>曼联(MANU)</b>-曼联今年前三个月损失了3020万美元，主要是由于冠状病毒大流行导致球迷缺席比赛。球队2020-21赛季的所有比赛都是在没有观众的情况下进行的。</blockquote></p><p> <b>ArcelorMittal(MT) </b>– ArcelorMittal sold its remaining 38.2 million shares of steel producerCleveland-Cliffs(CLF). The mining company will use the proceeds to fund a $750 million share buyback. Arcelor-Mittal rose 1% in premarket action, while Cleveland-Cliffs added 0.3%.</p><p><blockquote><b>安赛乐米塔尔(MT)</b>-安赛乐米塔尔出售了钢铁生产商克利夫兰克利夫斯(CLF)剩余的3820万股股票。该矿业公司将利用所得款项为7.5亿美元的股票回购提供资金。阿塞洛-米塔尔(Arcelor-Mittal)盘前上涨1%，克利夫兰克利夫斯(Cleveland-Cliffs)上涨0.3%。</blockquote></p><p> <b>Carnival(CCL) </b>– The cruise line operator disclosed a March data breach that may have exposed personal information of customers of its Carnival, Holland America and Princess brands. It did not disclose how many may have been affected.</p><p><blockquote><b>嘉年华(CCL)</b>-该邮轮运营商披露了3月份的数据泄露事件，该事件可能暴露了其嘉年华、荷美和公主品牌客户的个人信息。它没有透露有多少人可能受到影响。</blockquote></p><p> <b>Fox Corp.(FOXA) </b>– Fox increased its stock repurchase program by $2 billion to a total of $4 billion, helping to send its shares higher by 2.8% in the premarket.</p><p><blockquote><b>福克斯公司(FOXA)</b>-福克斯将股票回购计划增加了20亿美元，总额达到40亿美元，帮助其股价在盘前上涨2.8%。</blockquote></p><p> <b>Pilgrim's Pride(PPC) </b>– Pilgrim's Pride expanded its prepared foods and branded products business by purchasing Kerry Group's Meats and Meals business. The poultry producer will pay the Ireland-based company about $947 million for that unit.</p><p><blockquote><b>朝圣者的骄傲(PPC)</b>–Pilgrim's Pride透过收购嘉里集团的肉类及膳食业务，扩展其熟食及品牌产品业务。这家家禽生产商将向这家总部位于爱尔兰的公司支付约9.47亿美元购买该设备。</blockquote></p><p> <b>Hasbro(HAS),Mattel(MAT) </b>– The toymakers are on watch following a New York Post report warning of a potential toy shortage this coming holiday season. The paper said thousands of toys ready for shipment remain stockpiled in China due to the lack of shipping containers available for export.</p><p><blockquote><b>孩之宝(HAS)、美泰(MAT)</b>-《纽约邮报》的一篇报道警告即将到来的假期可能会出现玩具短缺，玩具制造商正在密切关注。该报称，由于缺乏可供出口的集装箱，数千件准备装运的玩具仍储存在中国。</blockquote></p><p> <b>Biogen(BIIB)</b> – The drugmaker's stock was upgraded to \"overweight\" from \"neutral\" at Piper Sandler, which cites a number of factors including the likelihood that doctors will prescribe Biogen's newly approved Alzheimer's drug Aduhelm. Biogen shares rose 1.7% in the premarket.</p><p><blockquote><b>Biogen(BIIB)</b>–Piper Sandler将该制药商的股票从“中性”上调至“跑赢大盘”，该评级引用了许多因素，包括医生可能会开百健新批准的阿尔茨海默病药物Aduhelm。百健(Biogen)股价盘前上涨1.7%。</blockquote></p><p></p><p> <b>Citigroup(C) </b>– The bank's stock remains on watch after declining for the past 11 consecutive trading days, losing 14% over that time.</p><p><blockquote><b>花旗集团(C)</b>-该银行股价在过去连续11个交易日下跌后仍受到关注，在此期间下跌了14%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147049745","content_text":"U.S. stock futures fell on Friday as the S&P 500 and the Dow Jones Industrial Average are on pace to post a losing week after the Federal Reserve's latest policy update.\nAt 8:05 a.m. ET, Dow E-minis were down 153 points, or 0.45%, S&P 500 E-minis were down 14.75 points, or 0.35% and Nasdaq 100 E-minis fell 18.5 points, or 0.13%.\n*Source From Tiger Trade, EST 08:05\nThe blue-chip Dow has lost 1.9% week to date, on pace for its worst week since January. The S&P 500 has fallen 0.6%. But the Nasdaq has gained 0.65% on the week.\nThe decline in stocks came amid a drastic flattening of the so-called Treasury yield curve where the yields of shorter-duration Treasurys, like the 2-year note, rose, while longer duration yields, such as the benchmark 10-year fell. The retreat in long-dated bonds reflects less optimism toward the economic growth, while the jump in short-end yields shows the expectations of the Fed raising rates.\nThe central bank's hawkish pivot on Wednesday caused volatile stock and bond market moves. Fed officials added two rate hikes to their 2023 forecast and increased their inflation projection for the year, while Fed Chairman Jerome Powell said officials have discussed tapering bond buying and would at some point begin slowing the asset purchases.\nFriday also coincides with the quarterly \"quadruple witching\" where options and futures on indexes and equities expire. Many expect trading to be more volatile in light of this event.\nStocks making the biggest moves in the premarket:\nAdobe(ADBE) – Adobe reported quarterly profit of $3.03 per share, 21 cents a share above estimates. The software company's revenue also topped Wall Street forecasts and Adobe gave stronger-than-expected current-quarter guidance. Its shares rose 3.1% in premarket trading.\nSmith & Wesson(SWBI) – Smith & Wesson reported better-than-expected profit and sales for its latest quarter, as the gun maker's sales surged 67% compared to the same quarter a year earlier. The company notes that its shipments jumped 70% compared to overall industry growth of 42%. Shares rallied 4.7% in premarket trading.\nOrphazyme(ORPH) – Orphazyme plunged 52.6% in the premarket after the Food and Drug Administration rejected its experimental treatment for a genetic disorder known as Niemann-Pick disease type C. The Denmark-based biotech company had seen volatile trading in its shares in recent days after it picked up social media attention, falling 10.2% Thursday after a more than 61% surge Wednesday.\nDelta Air Lines(DAL) – The stock added 1.1% in the premarket following a double upgrade at Wolfe Research to \"outperform\" from \"underperform.\" Wolfe said it sees business travel benefiting from pent-up demand later this summer, although it doesn't think it will return to pre-Covid levels.\nManchester United(MANU) – Manchester United lost $30.2 million for the first three months of this year, due largely to the absence of fans at its games because of the coronavirus pandemic. All of the team's 2020-21 season games were played without spectators.\nArcelorMittal(MT) – ArcelorMittal sold its remaining 38.2 million shares of steel producerCleveland-Cliffs(CLF). The mining company will use the proceeds to fund a $750 million share buyback. Arcelor-Mittal rose 1% in premarket action, while Cleveland-Cliffs added 0.3%.\nCarnival(CCL) – The cruise line operator disclosed a March data breach that may have exposed personal information of customers of its Carnival, Holland America and Princess brands. It did not disclose how many may have been affected.\nFox Corp.(FOXA) – Fox increased its stock repurchase program by $2 billion to a total of $4 billion, helping to send its shares higher by 2.8% in the premarket.\nPilgrim's Pride(PPC) – Pilgrim's Pride expanded its prepared foods and branded products business by purchasing Kerry Group's Meats and Meals business. The poultry producer will pay the Ireland-based company about $947 million for that unit.\nHasbro(HAS),Mattel(MAT) – The toymakers are on watch following a New York Post report warning of a potential toy shortage this coming holiday season. The paper said thousands of toys ready for shipment remain stockpiled in China due to the lack of shipping containers available for export.\nBiogen(BIIB) – The drugmaker's stock was upgraded to \"overweight\" from \"neutral\" at Piper Sandler, which cites a number of factors including the likelihood that doctors will prescribe Biogen's newly approved Alzheimer's drug Aduhelm. Biogen shares rose 1.7% in the premarket.\nCitigroup(C) – The bank's stock remains on watch after declining for the past 11 consecutive trading days, losing 14% over that time.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":299,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":388495300,"gmtCreate":1613073456500,"gmtModify":1634554602085,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"comment&nbsp;","listText":"comment&nbsp;","text":"comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/388495300","repostId":"1168862133","repostType":4,"repost":{"id":"1168862133","kind":"news","pubTimestamp":1613024272,"share":"https://www.laohu8.com/m/news/1168862133?lang=zh_CN&edition=full","pubTime":"2021-02-11 14:17","market":"us","language":"en","title":"Best Stocks To Buy For 2021? 4 Fintech Stocks To Watch<blockquote>2021年最值得购买的股票？4只值得关注的金融科技股</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1168862133","media":"Nasdaq","summary":"If you’re caught up on the latestBitcoin news, you likely know thatfintech stocksare in the hot seat","content":"<p>If you’re caught up on the latestBitcoin news, you likely know thatfintech stocksare in the hot seat right now. This is thanks to a $1.5 billion investment into the cryptocurrency from electric vehicle titan Tesla (NASDAQ: TSLA). It is one of the latest large tech companies to not only invest in but eventually start acceptingBitcoinas payment. In fact, there have even been speculations of Apple (NASDAQ: AAPL) being well-positioned to join the cryptocurrency craze as well. How does this connect to fintech stocks?</p><p><blockquote>如果您关注最新的比特币新闻，您可能知道金融科技股票目前处于热门位置。这要归功于电动汽车巨头特斯拉（纳斯达克：TSLA）对加密货币的15亿美元投资。它是最新一家不仅投资而且最终开始接受比特币支付的大型科技公司之一。事实上，甚至有人猜测苹果（纳斯达克股票代码：AAPL）也有能力加入加密货币热潮。这与金融科技股票有何联系？</blockquote></p><p> Well, to begin with, fintech companies are the bridge that allows most of the general public access to cryptocurrencies such as Bitcoin. Alternatively, they are also key players in this current age of digital finance. Whatever way you cut it, the fintech industry is becoming more essential and is here to stay for the long run. Meanwhile, more conventional top fintech stocks like Mastercard (NYSE: MA) and American Express (NYSE: AXP) have mostly seen their shares recover to pre-pandemic levels. Therefore, investors would be logical in looking for thebest fintech stocks now. Having read till this point, you might be interested in investing in this industry yourself. If you are, here are four fintech stocks to consider now.</p><p><blockquote>首先，金融科技公司是允许大多数公众访问比特币等加密货币的桥梁。或者，他们也是当前数字金融时代的关键参与者。无论你以何种方式削减它，金融科技行业正变得越来越重要，并且将长期存在。与此同时，万事达卡（纽约证券交易所股票代码：MA）和美国运通（纽约证券交易所股票代码：AXP）等更传统的顶级金融科技股的股价大多已恢复至大流行前的水平。因此，投资者现在寻找最好的金融科技股票是合乎逻辑的。读到这里，你可能会有兴趣自己投资这个行业。如果您是，现在可以考虑以下四只金融科技股票。</blockquote></p><p> Top Fintech Stocks To Watch</p><p><blockquote>最值得关注的金融科技股票</blockquote></p><p> <ul>  <li><b>Mogo Inc.</b>(NASDAQ: MOGO)</li>  <li><b>PayPal Holdings Inc.</b>(NASDAQ: PYPL)</li>  <li><b>Square Inc.</b>(NYSE: SQ)</li>  <li><b>Green Dot Corporation</b>(NYSE: GDOT)</li> </ul> Mogo Inc.</p><p><blockquote><ul><li><b>莫戈公司。</b>（纳斯达克：MOGO）</li><li><b>PayPal控股公司。</b>（纳斯达克：PYPL）</li><li><b>广场公司。</b>（纽约证券交易所代码：SQ）</li><li><b>绿点公司</b>（纽约证券交易所代码：GDOT）</li></ul>莫戈公司。</blockquote></p><p> Starting us off is Canadian fintech company Mogo. It offers a wide range of financial services ranging from personal loans, mortgages, a Visa Prepaid Card, and credit score viewing. More importantly, the company also facilitates Bitcoin transactions. This particular service has exploded together with the price of the cryptocurrency over the last month. Mogo saw massive month-over-month jumps of 141% in new Bitcoin accounts added and 323% in Bitcoin transaction volume in January. Likewise, MOGO stock is currently up by over 160% year-to-date. Aside from Bitcoin-related tailwinds, the company has also been hard at work expanding its financial portfolio.</p><p><blockquote>让我们起步的是加拿大金融科技公司Mogo。它提供广泛的金融服务，包括个人贷款、抵押贷款、Visa预付卡和信用评分查看。更重要的是，该公司还促进了比特币交易。在过去的一个月里，这项特殊的服务随着加密货币的价格一起爆炸式增长。Mogo 1月份新增比特币账户环比大幅增长141%，比特币交易量环比增长323%。同样，MOGO股价今年迄今已上涨超过160%。除了与比特币相关的有利因素外，该公司还一直在努力扩大其金融投资组合。</blockquote></p><p> For starters, Mogo acquired leading digital payments solutions provider Carta Worldwide, over two weeks ago. This move expanded Mogo’s addressable market by entering the global $2.5 trillion payments market. Following that, the company expanded into Japan last week via Carta. According to Mogo, this move was in support of the TransferWise multi-currency debit card launch in the country. With this move, Mogo continues to expand its market reach globally and seems eager to make the most of its newly acquired subsidiary. With the company firing on all cylinders now, will you be watching MOGO stock?</p><p><blockquote>首先，Mogo在两周前收购了领先的数字支付解决方案提供商Carta Worldwide。此举通过进入全球2.5万亿美元的支付市场扩大了Mogo的潜在市场。此后，该公司上周通过Carta扩展到日本。据Mogo称，此举是为了支持TransferWise多币种借记卡在该国的推出。通过这一举措，Mogo继续扩大其全球市场范围，并似乎渴望充分利用其新收购的子公司。随着该公司现在全力以赴，您会关注MOGO股票吗？</blockquote></p><p> PayPal Holdings Inc.</p><p><blockquote>PayPal控股公司。</blockquote></p><p> Following that, we will be looking at fintech giant, PayPal. Just like our other entries on this list, the company does facilitate cryptocurrency transactions for its clients. Last week, PayPal reported record figures across the board. For its fourth quarter, the company saw a total payment volume (TPV) of $277 billion, a 39% increase year-over-year. Furthermore, the company’s earnings per share more than tripled over the same time as well. In detail, TPVs across its merchant services and Venmo app grew by 42% and 60% respectively. With PayPal riding both Bitcoin and pandemic tailwinds, PYPL stock continues to soar to greater heights. It has gained by over 230% since the March lows and closed yesterday at a record high. Investors may be wondering if it still has room to run moving forward.</p><p><blockquote>接下来，我们将关注金融科技巨头PayPal。就像我们在这个列表中的其他条目一样，该公司确实为其客户促进了加密货币交易。上周，PayPal公布了全面创纪录的数据。第四季度，该公司支付总额(TPV)为2770亿美元，同比增长39%。此外，该公司的每股收益同期也增长了两倍多。具体而言，其商户服务和Venmo应用程序的TPV分别增长了42%和60%。随着PayPal乘着比特币和大流行的东风，PYPL股价继续飙升至更高的高度。自3月份低点以来，该股已上涨超过230%，昨天收于历史新高。投资者可能想知道它是否还有前进的空间。</blockquote></p><p> For one thing, the company does not seem to be slowing down anytime soon. Yesterday, it announced a new collaboration with global commerce solutions provider Digital River (DR). To summarize, PayPal now has a new ‘pay later’ option available to U.S. clients on DR’s e-commerce platform.<i>The “Pay in 4</i>” feature will allow customers to pay for items priced from $30 to $600 across four interest-free payments. Simultaneously, merchants get paid upfront at no additional cost to the customer. As PayPal continues to make waves in the fintech space, could PYPL stock continue to flourish this year? You tell me.</p><p><blockquote>一方面，该公司似乎不会很快放缓。昨天，它宣布了与全球商业解决方案提供商Digital River(DR)的新合作。总而言之，PayPal现在在DR的电子商务平台上为美国客户提供了一个新的“稍后付款”选项。<i>“按4支付”</i>“该功能将允许客户通过四次免息付款支付价格从30美元到600美元的商品。同时，商家无需向客户支付额外费用即可获得预付款。随着PayPal继续在金融科技领域掀起波澜，PYPL股票今年能否继续蓬勃发展？你告诉我。</blockquote></p><p> Square Inc.</p><p><blockquote>广场公司。</blockquote></p><p></p><p> Another top fintech company on the radar now would be Square. Aside from its Bitcoin-related services, the leading fintech player does bring a lot to the table. Whether it is financial solutions, merchant services, or mobile payment, Square’s offerings compete with the best in the field. For the uninitiated, the company markets software and hardware payments products to businesses of all sizes. At the same time, its consumer-focused digital payment ecosystem, Cash App, has also seen mind-blowing growth in the past year. Square reported having 30 million monthly active users on the app which generated over $2 billion in revenue in its recent quarter. Seasoned investors would be familiar with the meteoric rise of the company. Indeed, SQ stock has and continues to impress with gains of over 200% in the past year. With the current focus on fintech, could investors continue to find more value in SQ stock?</p><p><blockquote>现在另一家备受关注的顶级金融科技公司是Square。除了与比特币相关的服务之外，这家领先的金融科技公司确实带来了很多东西。无论是金融解决方案、商家服务还是移动支付，Square的产品都能与该领域的佼佼者竞争。对于门外汉来说，该公司向各种规模的企业销售软件和硬件支付产品。与此同时，其以消费者为中心的数字支付生态系统Cash App在过去一年中也出现了令人兴奋的增长。Square报告称，该应用程序每月有3000万活跃用户，最近一个季度的收入超过20亿美元。经验丰富的投资者会熟悉该公司的迅速崛起。事实上，SQ股票在过去一年中已经并将继续令人印象深刻，涨幅超过200%。鉴于目前对金融科技的关注，投资者能否继续在SQ股票中发现更多价值？</blockquote></p><p> Well, it has been posting phenomenal figures on the business side of things. In its third-quarter fiscal reported in November, it saw a year-over-year surge of 139% in total revenue and 246% in cash on hand. Specifically, Cash App’s gross profit skyrocketed by 212% year-over-year. All things considered, will you be watching SQ stock ahead of Square’s upcomingearnings callon February 23?</p><p><blockquote>嗯，它在商业方面发布了惊人的数据。在11月份公布的第三季度财报中，该公司总收入同比增长139%，手头现金同比增长246%。具体来看，Cash App毛利同比暴涨212%。综合考虑，您会在Square即将于2月23日发布财报之前关注SQ股票吗？</blockquote></p><p> Green Dot Corporation</p><p><blockquote>绿点公司</blockquote></p><p> Undoubtedly, Green Dot is a fintech industry-veteran that should not be overlooked. As it stands, Green Dot is the world’s largest prepaid debit card company by market capitalization. The company also boasts an impressive list of clients, to say the least. Its fintech partners include but are not limited to, Google (NASDAQ: GOOGL), Uber (NYSE: UBER), and Walmart (NYSE: WMT). Equally impressive is GDOT stock’s growth of over 220% since the March selloffs. With Green Dot slated to release its fourth-quarter earnings on February 22, I can see investors watching GDOT stock closely.</p><p><blockquote>毫无疑问，绿点是一位不容忽视的金融科技行业资深人士。目前，绿点是全球市值最大的预付借记卡公司。至少可以说，该公司还拥有令人印象深刻的客户名单。其金融科技合作伙伴包括但不限于谷歌（纳斯达克股票代码：GOOGL）、优步（纽约证券交易所股票代码：UBER）和沃尔玛（纽约证券交易所股票代码：WMT）。同样令人印象深刻的是，自3月份抛售以来，GDOT股票增长了220%以上。随着Green Dot定于2月22日发布第四季度收益，我可以看到投资者正在密切关注GDOT股票。</blockquote></p><p> For the most part, the company has been hard at work maintaining its current momentum. Last month, the company launched a new mobile bank focused on addressing the two in three Americans “<i>living from paycheck to paycheck</i>”. Through this, Green Dot is leveraging its rich industry experience to provide affordable banking solutions for clients in need. In the long run, this could play out well for Green Dot as it engages consumers amidst these troubling times. Moreover, the company appointed a new CTO in Gyorgy Tomso last week. CEO Dan Henry said, “<i>Gyorgy is a fintech veteran whose deep experience leading technology strategy for financial services companies is going to be instrumental in Green Dot’s growth as a leading fintech.</i>” Has all this convinced you to add GDOT to your watchlist?</p><p><blockquote>在很大程度上，该公司一直在努力保持目前的势头。上个月，该公司推出了一家新的移动银行，专注于解决三分之二美国人的问题”<i>靠薪水生活</i>”.通过这一点，绿点正在利用其丰富的行业经验为有需要的客户提供负担得起的银行解决方案。从长远来看，这对绿点来说可能会很好，因为它在这个困难时期吸引了消费者。此外，该公司上周任命了一位新的CTO Gyorgy Tomso。首席执行官丹·亨利说：“<i>Gyorgy是一位金融科技资深人士，他在金融服务公司领先技术战略方面的丰富经验将有助于Green Dot作为领先金融科技公司的发展。</i>“这一切是否说服您将GDOT添加到您的观察列表中？</blockquote></p><p></p>","source":"lsy1603171495471","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>Best Stocks To Buy For 2021? 4 Fintech Stocks To Watch<blockquote>2021年最值得购买的股票？4只值得关注的金融科技股</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\">\nBest Stocks To Buy For 2021? 4 Fintech Stocks To Watch<blockquote>2021年最值得购买的股票？4只值得关注的金融科技股</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Nasdaq</strong><span class=\"h-time small\">2021-02-11 14:17</span>\n</p>\n</h4>\n</header>\n<article>\n<p>If you’re caught up on the latestBitcoin news, you likely know thatfintech stocksare in the hot seat right now. This is thanks to a $1.5 billion investment into the cryptocurrency from electric vehicle titan Tesla (NASDAQ: TSLA). It is one of the latest large tech companies to not only invest in but eventually start acceptingBitcoinas payment. In fact, there have even been speculations of Apple (NASDAQ: AAPL) being well-positioned to join the cryptocurrency craze as well. How does this connect to fintech stocks?</p><p><blockquote>如果您关注最新的比特币新闻，您可能知道金融科技股票目前处于热门位置。这要归功于电动汽车巨头特斯拉（纳斯达克：TSLA）对加密货币的15亿美元投资。它是最新一家不仅投资而且最终开始接受比特币支付的大型科技公司之一。事实上，甚至有人猜测苹果（纳斯达克股票代码：AAPL）也有能力加入加密货币热潮。这与金融科技股票有何联系？</blockquote></p><p> Well, to begin with, fintech companies are the bridge that allows most of the general public access to cryptocurrencies such as Bitcoin. Alternatively, they are also key players in this current age of digital finance. Whatever way you cut it, the fintech industry is becoming more essential and is here to stay for the long run. Meanwhile, more conventional top fintech stocks like Mastercard (NYSE: MA) and American Express (NYSE: AXP) have mostly seen their shares recover to pre-pandemic levels. Therefore, investors would be logical in looking for thebest fintech stocks now. Having read till this point, you might be interested in investing in this industry yourself. If you are, here are four fintech stocks to consider now.</p><p><blockquote>首先，金融科技公司是允许大多数公众访问比特币等加密货币的桥梁。或者，他们也是当前数字金融时代的关键参与者。无论你以何种方式削减它，金融科技行业正变得越来越重要，并且将长期存在。与此同时，万事达卡（纽约证券交易所股票代码：MA）和美国运通（纽约证券交易所股票代码：AXP）等更传统的顶级金融科技股的股价大多已恢复至大流行前的水平。因此，投资者现在寻找最好的金融科技股票是合乎逻辑的。读到这里，你可能会有兴趣自己投资这个行业。如果您是，现在可以考虑以下四只金融科技股票。</blockquote></p><p> Top Fintech Stocks To Watch</p><p><blockquote>最值得关注的金融科技股票</blockquote></p><p> <ul>  <li><b>Mogo Inc.</b>(NASDAQ: MOGO)</li>  <li><b>PayPal Holdings Inc.</b>(NASDAQ: PYPL)</li>  <li><b>Square Inc.</b>(NYSE: SQ)</li>  <li><b>Green Dot Corporation</b>(NYSE: GDOT)</li> </ul> Mogo Inc.</p><p><blockquote><ul><li><b>莫戈公司。</b>（纳斯达克：MOGO）</li><li><b>PayPal控股公司。</b>（纳斯达克：PYPL）</li><li><b>广场公司。</b>（纽约证券交易所代码：SQ）</li><li><b>绿点公司</b>（纽约证券交易所代码：GDOT）</li></ul>莫戈公司。</blockquote></p><p> Starting us off is Canadian fintech company Mogo. It offers a wide range of financial services ranging from personal loans, mortgages, a Visa Prepaid Card, and credit score viewing. More importantly, the company also facilitates Bitcoin transactions. This particular service has exploded together with the price of the cryptocurrency over the last month. Mogo saw massive month-over-month jumps of 141% in new Bitcoin accounts added and 323% in Bitcoin transaction volume in January. Likewise, MOGO stock is currently up by over 160% year-to-date. Aside from Bitcoin-related tailwinds, the company has also been hard at work expanding its financial portfolio.</p><p><blockquote>让我们起步的是加拿大金融科技公司Mogo。它提供广泛的金融服务，包括个人贷款、抵押贷款、Visa预付卡和信用评分查看。更重要的是，该公司还促进了比特币交易。在过去的一个月里，这项特殊的服务随着加密货币的价格一起爆炸式增长。Mogo 1月份新增比特币账户环比大幅增长141%，比特币交易量环比增长323%。同样，MOGO股价今年迄今已上涨超过160%。除了与比特币相关的有利因素外，该公司还一直在努力扩大其金融投资组合。</blockquote></p><p> For starters, Mogo acquired leading digital payments solutions provider Carta Worldwide, over two weeks ago. This move expanded Mogo’s addressable market by entering the global $2.5 trillion payments market. Following that, the company expanded into Japan last week via Carta. According to Mogo, this move was in support of the TransferWise multi-currency debit card launch in the country. With this move, Mogo continues to expand its market reach globally and seems eager to make the most of its newly acquired subsidiary. With the company firing on all cylinders now, will you be watching MOGO stock?</p><p><blockquote>首先，Mogo在两周前收购了领先的数字支付解决方案提供商Carta Worldwide。此举通过进入全球2.5万亿美元的支付市场扩大了Mogo的潜在市场。此后，该公司上周通过Carta扩展到日本。据Mogo称，此举是为了支持TransferWise多币种借记卡在该国的推出。通过这一举措，Mogo继续扩大其全球市场范围，并似乎渴望充分利用其新收购的子公司。随着该公司现在全力以赴，您会关注MOGO股票吗？</blockquote></p><p> PayPal Holdings Inc.</p><p><blockquote>PayPal控股公司。</blockquote></p><p> Following that, we will be looking at fintech giant, PayPal. Just like our other entries on this list, the company does facilitate cryptocurrency transactions for its clients. Last week, PayPal reported record figures across the board. For its fourth quarter, the company saw a total payment volume (TPV) of $277 billion, a 39% increase year-over-year. Furthermore, the company’s earnings per share more than tripled over the same time as well. In detail, TPVs across its merchant services and Venmo app grew by 42% and 60% respectively. With PayPal riding both Bitcoin and pandemic tailwinds, PYPL stock continues to soar to greater heights. It has gained by over 230% since the March lows and closed yesterday at a record high. Investors may be wondering if it still has room to run moving forward.</p><p><blockquote>接下来，我们将关注金融科技巨头PayPal。就像我们在这个列表中的其他条目一样，该公司确实为其客户促进了加密货币交易。上周，PayPal公布了全面创纪录的数据。第四季度，该公司支付总额(TPV)为2770亿美元，同比增长39%。此外，该公司的每股收益同期也增长了两倍多。具体而言，其商户服务和Venmo应用程序的TPV分别增长了42%和60%。随着PayPal乘着比特币和大流行的东风，PYPL股价继续飙升至更高的高度。自3月份低点以来，该股已上涨超过230%，昨天收于历史新高。投资者可能想知道它是否还有前进的空间。</blockquote></p><p> For one thing, the company does not seem to be slowing down anytime soon. Yesterday, it announced a new collaboration with global commerce solutions provider Digital River (DR). To summarize, PayPal now has a new ‘pay later’ option available to U.S. clients on DR’s e-commerce platform.<i>The “Pay in 4</i>” feature will allow customers to pay for items priced from $30 to $600 across four interest-free payments. Simultaneously, merchants get paid upfront at no additional cost to the customer. As PayPal continues to make waves in the fintech space, could PYPL stock continue to flourish this year? You tell me.</p><p><blockquote>一方面，该公司似乎不会很快放缓。昨天，它宣布了与全球商业解决方案提供商Digital River(DR)的新合作。总而言之，PayPal现在在DR的电子商务平台上为美国客户提供了一个新的“稍后付款”选项。<i>“按4支付”</i>“该功能将允许客户通过四次免息付款支付价格从30美元到600美元的商品。同时，商家无需向客户支付额外费用即可获得预付款。随着PayPal继续在金融科技领域掀起波澜，PYPL股票今年能否继续蓬勃发展？你告诉我。</blockquote></p><p> Square Inc.</p><p><blockquote>广场公司。</blockquote></p><p></p><p> Another top fintech company on the radar now would be Square. Aside from its Bitcoin-related services, the leading fintech player does bring a lot to the table. Whether it is financial solutions, merchant services, or mobile payment, Square’s offerings compete with the best in the field. For the uninitiated, the company markets software and hardware payments products to businesses of all sizes. At the same time, its consumer-focused digital payment ecosystem, Cash App, has also seen mind-blowing growth in the past year. Square reported having 30 million monthly active users on the app which generated over $2 billion in revenue in its recent quarter. Seasoned investors would be familiar with the meteoric rise of the company. Indeed, SQ stock has and continues to impress with gains of over 200% in the past year. With the current focus on fintech, could investors continue to find more value in SQ stock?</p><p><blockquote>现在另一家备受关注的顶级金融科技公司是Square。除了与比特币相关的服务之外，这家领先的金融科技公司确实带来了很多东西。无论是金融解决方案、商家服务还是移动支付，Square的产品都能与该领域的佼佼者竞争。对于门外汉来说，该公司向各种规模的企业销售软件和硬件支付产品。与此同时，其以消费者为中心的数字支付生态系统Cash App在过去一年中也出现了令人兴奋的增长。Square报告称，该应用程序每月有3000万活跃用户，最近一个季度的收入超过20亿美元。经验丰富的投资者会熟悉该公司的迅速崛起。事实上，SQ股票在过去一年中已经并将继续令人印象深刻，涨幅超过200%。鉴于目前对金融科技的关注，投资者能否继续在SQ股票中发现更多价值？</blockquote></p><p> Well, it has been posting phenomenal figures on the business side of things. In its third-quarter fiscal reported in November, it saw a year-over-year surge of 139% in total revenue and 246% in cash on hand. Specifically, Cash App’s gross profit skyrocketed by 212% year-over-year. All things considered, will you be watching SQ stock ahead of Square’s upcomingearnings callon February 23?</p><p><blockquote>嗯，它在商业方面发布了惊人的数据。在11月份公布的第三季度财报中，该公司总收入同比增长139%，手头现金同比增长246%。具体来看，Cash App毛利同比暴涨212%。综合考虑，您会在Square即将于2月23日发布财报之前关注SQ股票吗？</blockquote></p><p> Green Dot Corporation</p><p><blockquote>绿点公司</blockquote></p><p> Undoubtedly, Green Dot is a fintech industry-veteran that should not be overlooked. As it stands, Green Dot is the world’s largest prepaid debit card company by market capitalization. The company also boasts an impressive list of clients, to say the least. Its fintech partners include but are not limited to, Google (NASDAQ: GOOGL), Uber (NYSE: UBER), and Walmart (NYSE: WMT). Equally impressive is GDOT stock’s growth of over 220% since the March selloffs. With Green Dot slated to release its fourth-quarter earnings on February 22, I can see investors watching GDOT stock closely.</p><p><blockquote>毫无疑问，绿点是一位不容忽视的金融科技行业资深人士。目前，绿点是全球市值最大的预付借记卡公司。至少可以说，该公司还拥有令人印象深刻的客户名单。其金融科技合作伙伴包括但不限于谷歌（纳斯达克股票代码：GOOGL）、优步（纽约证券交易所股票代码：UBER）和沃尔玛（纽约证券交易所股票代码：WMT）。同样令人印象深刻的是，自3月份抛售以来，GDOT股票增长了220%以上。随着Green Dot定于2月22日发布第四季度收益，我可以看到投资者正在密切关注GDOT股票。</blockquote></p><p> For the most part, the company has been hard at work maintaining its current momentum. Last month, the company launched a new mobile bank focused on addressing the two in three Americans “<i>living from paycheck to paycheck</i>”. Through this, Green Dot is leveraging its rich industry experience to provide affordable banking solutions for clients in need. In the long run, this could play out well for Green Dot as it engages consumers amidst these troubling times. Moreover, the company appointed a new CTO in Gyorgy Tomso last week. CEO Dan Henry said, “<i>Gyorgy is a fintech veteran whose deep experience leading technology strategy for financial services companies is going to be instrumental in Green Dot’s growth as a leading fintech.</i>” Has all this convinced you to add GDOT to your watchlist?</p><p><blockquote>在很大程度上，该公司一直在努力保持目前的势头。上个月，该公司推出了一家新的移动银行，专注于解决三分之二美国人的问题”<i>靠薪水生活</i>”.通过这一点，绿点正在利用其丰富的行业经验为有需要的客户提供负担得起的银行解决方案。从长远来看，这对绿点来说可能会很好，因为它在这个困难时期吸引了消费者。此外，该公司上周任命了一位新的CTO Gyorgy Tomso。首席执行官丹·亨利说：“<i>Gyorgy是一位金融科技资深人士，他在金融服务公司领先技术战略方面的丰富经验将有助于Green Dot作为领先金融科技公司的发展。</i>“这一切是否说服您将GDOT添加到您的观察列表中？</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.nasdaq.com/articles/best-stocks-to-buy-for-2021-4-fintech-stocks-to-watch-2021-02-10\">Nasdaq</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":{"SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.nasdaq.com/articles/best-stocks-to-buy-for-2021-4-fintech-stocks-to-watch-2021-02-10","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168862133","content_text":"If you’re caught up on the latestBitcoin news, you likely know thatfintech stocksare in the hot seat right now. This is thanks to a $1.5 billion investment into the cryptocurrency from electric vehicle titan Tesla (NASDAQ: TSLA). It is one of the latest large tech companies to not only invest in but eventually start acceptingBitcoinas payment. In fact, there have even been speculations of Apple (NASDAQ: AAPL) being well-positioned to join the cryptocurrency craze as well. How does this connect to fintech stocks?\nWell, to begin with, fintech companies are the bridge that allows most of the general public access to cryptocurrencies such as Bitcoin. Alternatively, they are also key players in this current age of digital finance. Whatever way you cut it, the fintech industry is becoming more essential and is here to stay for the long run. Meanwhile, more conventional top fintech stocks like Mastercard (NYSE: MA) and American Express (NYSE: AXP) have mostly seen their shares recover to pre-pandemic levels. Therefore, investors would be logical in looking for thebest fintech stocks now. Having read till this point, you might be interested in investing in this industry yourself. If you are, here are four fintech stocks to consider now.\nTop Fintech Stocks To Watch\n\nMogo Inc.(NASDAQ: MOGO)\nPayPal Holdings Inc.(NASDAQ: PYPL)\nSquare Inc.(NYSE: SQ)\nGreen Dot Corporation(NYSE: GDOT)\n\nMogo Inc.\nStarting us off is Canadian fintech company Mogo. It offers a wide range of financial services ranging from personal loans, mortgages, a Visa Prepaid Card, and credit score viewing. More importantly, the company also facilitates Bitcoin transactions. This particular service has exploded together with the price of the cryptocurrency over the last month. Mogo saw massive month-over-month jumps of 141% in new Bitcoin accounts added and 323% in Bitcoin transaction volume in January. Likewise, MOGO stock is currently up by over 160% year-to-date. Aside from Bitcoin-related tailwinds, the company has also been hard at work expanding its financial portfolio.\nFor starters, Mogo acquired leading digital payments solutions provider Carta Worldwide, over two weeks ago. This move expanded Mogo’s addressable market by entering the global $2.5 trillion payments market. Following that, the company expanded into Japan last week via Carta. According to Mogo, this move was in support of the TransferWise multi-currency debit card launch in the country. With this move, Mogo continues to expand its market reach globally and seems eager to make the most of its newly acquired subsidiary. With the company firing on all cylinders now, will you be watching MOGO stock?\nPayPal Holdings Inc.\nFollowing that, we will be looking at fintech giant, PayPal. Just like our other entries on this list, the company does facilitate cryptocurrency transactions for its clients. Last week, PayPal reported record figures across the board. For its fourth quarter, the company saw a total payment volume (TPV) of $277 billion, a 39% increase year-over-year. Furthermore, the company’s earnings per share more than tripled over the same time as well. In detail, TPVs across its merchant services and Venmo app grew by 42% and 60% respectively. With PayPal riding both Bitcoin and pandemic tailwinds, PYPL stock continues to soar to greater heights. It has gained by over 230% since the March lows and closed yesterday at a record high. Investors may be wondering if it still has room to run moving forward.\nFor one thing, the company does not seem to be slowing down anytime soon. Yesterday, it announced a new collaboration with global commerce solutions provider Digital River (DR). To summarize, PayPal now has a new ‘pay later’ option available to U.S. clients on DR’s e-commerce platform.The “Pay in 4” feature will allow customers to pay for items priced from $30 to $600 across four interest-free payments. Simultaneously, merchants get paid upfront at no additional cost to the customer. As PayPal continues to make waves in the fintech space, could PYPL stock continue to flourish this year? You tell me.\nSquare Inc.\nAnother top fintech company on the radar now would be Square. Aside from its Bitcoin-related services, the leading fintech player does bring a lot to the table. Whether it is financial solutions, merchant services, or mobile payment, Square’s offerings compete with the best in the field. For the uninitiated, the company markets software and hardware payments products to businesses of all sizes. At the same time, its consumer-focused digital payment ecosystem, Cash App, has also seen mind-blowing growth in the past year. Square reported having 30 million monthly active users on the app which generated over $2 billion in revenue in its recent quarter. Seasoned investors would be familiar with the meteoric rise of the company. Indeed, SQ stock has and continues to impress with gains of over 200% in the past year. With the current focus on fintech, could investors continue to find more value in SQ stock?\nWell, it has been posting phenomenal figures on the business side of things. In its third-quarter fiscal reported in November, it saw a year-over-year surge of 139% in total revenue and 246% in cash on hand. Specifically, Cash App’s gross profit skyrocketed by 212% year-over-year. All things considered, will you be watching SQ stock ahead of Square’s upcomingearnings callon February 23?\nGreen Dot Corporation\nUndoubtedly, Green Dot is a fintech industry-veteran that should not be overlooked. As it stands, Green Dot is the world’s largest prepaid debit card company by market capitalization. The company also boasts an impressive list of clients, to say the least. Its fintech partners include but are not limited to, Google (NASDAQ: GOOGL), Uber (NYSE: UBER), and Walmart (NYSE: WMT). Equally impressive is GDOT stock’s growth of over 220% since the March selloffs. With Green Dot slated to release its fourth-quarter earnings on February 22, I can see investors watching GDOT stock closely.\nFor the most part, the company has been hard at work maintaining its current momentum. Last month, the company launched a new mobile bank focused on addressing the two in three Americans “living from paycheck to paycheck”. Through this, Green Dot is leveraging its rich industry experience to provide affordable banking solutions for clients in need. In the long run, this could play out well for Green Dot as it engages consumers amidst these troubling times. Moreover, the company appointed a new CTO in Gyorgy Tomso last week. CEO Dan Henry said, “Gyorgy is a fintech veteran whose deep experience leading technology strategy for financial services companies is going to be instrumental in Green Dot’s growth as a leading fintech.” Has all this convinced you to add GDOT to your watchlist?","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":241,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":140894047,"gmtCreate":1625644662389,"gmtModify":1631890698455,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"wow&nbsp;","listText":"wow&nbsp;","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/140894047","repostId":"1120486332","repostType":4,"isVote":1,"tweetType":1,"viewCount":1421,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155718480,"gmtCreate":1625453202940,"gmtModify":1631890698470,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"wow&nbsp;","listText":"wow&nbsp;","text":"wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/155718480","repostId":"1172720964","repostType":4,"isVote":1,"tweetType":1,"viewCount":2906,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":158951638,"gmtCreate":1625125435424,"gmtModify":1631890698501,"author":{"id":"3559003590411925","authorId":"3559003590411925","name":"Qlee10","avatar":"https://static.tigerbbs.com/044cc5835b2fd80d79e0c6674a31d0c1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3559003590411925","idStr":"3559003590411925"},"themes":[],"htmlText":"interesting&nbsp;","listText":"interesting&nbsp;","text":"interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/158951638","repostId":"2147146918","repostType":4,"isVote":1,"tweetType":1,"viewCount":2903,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}