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2021-07-08

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2021-07-07

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2021-07-03

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2021-06-26

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2021-06-21

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2021-06-20

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2021-06-20

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2021-06-19

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2021-06-19

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2021-06-18

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2021-06-18

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2021-06-18

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2021-06-18

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2021-06-18

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2021-06-17

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2021-06-17

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2021-06-17

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2021-06-17

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2021-06-16

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2021-06-16

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Bitcoin Is a Fail for Retail Investors, Goldman Sachs Team Warns

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ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160453417","repostId":"1169657028","repostType":4,"repost":{"id":"1169657028","kind":"news","pubTimestamp":1623803407,"share":"https://www.laohu8.com/m/news/1169657028?lang=&edition=full","pubTime":"2021-06-16 08:30","market":"us","language":"en","title":"Bitcoin Is a Fail for Retail Investors, Goldman Sachs Team Warns","url":"https://stock-news.laohu8.com/highlight/detail?id=1169657028","media":"Barrons","summary":"As Bitcoin soared to new highs over the past year, many wondered if they should invest in it. Now, a","content":"<p>As Bitcoin soared to new highs over the past year, many wondered if they should invest in it. Now, a team at Goldman Sachs&nbsp;is telling retail investors that the digital currency isn’t worthy of most portfolios—at least not yet.</p>\n<p>In a new report to private-wealth management clients, Goldman’s Investment Strategy Group (ISG) noted that Bitcoin and other cryptocurrencies fail to meet the criteria it believes determine whether an asset class is “investable.”</p>\n<p>“While the digital asset ecosystem may well revolutionize the future of everything,” the team wrote, “that does not imply that cryptocurrencies are an investable asset class.”</p>\n<p>Goldman’s ISG team applies five criteria to determine whether an asset, including Bitcoin, is a sound investment—and requires at least three to be met:</p>\n<p>• Generate steady, reliable cash flow on a contractual basis, like bonds</p>\n<p>• Generate earnings through exposure to economic growth, like equities</p>\n<p>• Provide consistent and reliable diversification benefits to a portfolio</p>\n<p>• Dampen volatility</p>\n<p>• Provide consistent and reliable evidence of hedging inflation or deflation as a store of value</p>\n<p>Bitcoin fell short in each criteria. And the team pointed out that data on cryptocurrency has been limited and sometimes of “poor” quality.</p>\n<p>The note comes as Goldman is expanding its crypto offerings to institutional clients. Earlier this year, Goldman’s investment bank launched a cryptocurrency trading desk that focused on Bitcoin. In the coming months, the bank will offer ether options and futures to its clients, Bloomberg reported.</p>\n<p>For typical investors who lack the assets or access to portfolio strategies that would allow them to stomach volatility, cryptos don’t make much sense. Nor are they likely to add value to as a strategic asset class for consumer and private-wealth clients, the ISG team wrote.</p>\n<p>By the team’s measure, based on Bitcoin’s “risk, return and uncertainty characteristics,” a 1% allocation to the crypto in a moderate-risk portfolio would have to generate an annual return of 165% to make sense in a portfolio. A 2% allocation would require 365% annual return. But over the last seven years Bitcoin has delivered an annualized return of 69%.</p>\n<p>Just a few months ago, Bitcoin traded as high as $60,000.The recent drops occurred even as the number of Bitcoins has increased, meaning the total market capitalization&nbsp;lost has been much greater.</p>\n<p>“Someone bought Bitcoin at peak prices in April 2021 and someone sold at the lower prices later in May, so some real value was actually lost,” the team wrote.</p>\n<p>Also of concern to the team is the security of cryptocurrencies. There have been instances where investors’ private keys have been stolen, so they can’t access their coins. Hacking and cyberattacks occur in the so-called “traditional financial system,” too, but investors have more recourse. In the case of cryptocurrencies, once a key is stolen, the investor generallydoesn’t have a central authority to appeal to to recoup their assets—in other words, “not your keys, not your coins.”</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Is a Fail for Retail Investors, Goldman Sachs Team Warns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Is a Fail for Retail Investors, Goldman Sachs Team Warns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 08:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/bitcoin-is-a-fail-for-retail-investors-goldman-sachs-team-warns-51623781467?mod=hp_LEADSUPP_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>As Bitcoin soared to new highs over the past year, many wondered if they should invest in it. Now, a team at Goldman Sachs is telling retail investors that the digital currency isn’t worthy of most ...</p>\n\n<a href=\"https://www.barrons.com/articles/bitcoin-is-a-fail-for-retail-investors-goldman-sachs-team-warns-51623781467?mod=hp_LEADSUPP_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust ETF"},"source_url":"https://www.barrons.com/articles/bitcoin-is-a-fail-for-retail-investors-goldman-sachs-team-warns-51623781467?mod=hp_LEADSUPP_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169657028","content_text":"As Bitcoin soared to new highs over the past year, many wondered if they should invest in it. Now, a team at Goldman Sachs is telling retail investors that the digital currency isn’t worthy of most portfolios—at least not yet.\nIn a new report to private-wealth management clients, Goldman’s Investment Strategy Group (ISG) noted that Bitcoin and other cryptocurrencies fail to meet the criteria it believes determine whether an asset class is “investable.”\n“While the digital asset ecosystem may well revolutionize the future of everything,” the team wrote, “that does not imply that cryptocurrencies are an investable asset class.”\nGoldman’s ISG team applies five criteria to determine whether an asset, including Bitcoin, is a sound investment—and requires at least three to be met:\n• Generate steady, reliable cash flow on a contractual basis, like bonds\n• Generate earnings through exposure to economic growth, like equities\n• Provide consistent and reliable diversification benefits to a portfolio\n• Dampen volatility\n• Provide consistent and reliable evidence of hedging inflation or deflation as a store of value\nBitcoin fell short in each criteria. And the team pointed out that data on cryptocurrency has been limited and sometimes of “poor” quality.\nThe note comes as Goldman is expanding its crypto offerings to institutional clients. Earlier this year, Goldman’s investment bank launched a cryptocurrency trading desk that focused on Bitcoin. In the coming months, the bank will offer ether options and futures to its clients, Bloomberg reported.\nFor typical investors who lack the assets or access to portfolio strategies that would allow them to stomach volatility, cryptos don’t make much sense. Nor are they likely to add value to as a strategic asset class for consumer and private-wealth clients, the ISG team wrote.\nBy the team’s measure, based on Bitcoin’s “risk, return and uncertainty characteristics,” a 1% allocation to the crypto in a moderate-risk portfolio would have to generate an annual return of 165% to make sense in a portfolio. A 2% allocation would require 365% annual return. But over the last seven years Bitcoin has delivered an annualized return of 69%.\nJust a few months ago, Bitcoin traded as high as $60,000.The recent drops occurred even as the number of Bitcoins has increased, meaning the total market capitalization lost has been much greater.\n“Someone bought Bitcoin at peak prices in April 2021 and someone sold at the lower prices later in May, so some real value was actually lost,” the team wrote.\nAlso of concern to the team is the security of cryptocurrencies. There have been instances where investors’ private keys have been stolen, so they can’t access their coins. Hacking and cyberattacks occur in the so-called “traditional financial system,” too, but investors have more recourse. In the case of cryptocurrencies, once a key is stolen, the investor generallydoesn’t have a central authority to appeal to to recoup their assets—in other words, “not your keys, not your coins.”","news_type":1,"symbols_score_info":{"BTCmain":0.9,"MBTmain":0.9,"XBTmain":0.9,"GBTC":0.9}},"isVote":1,"tweetType":1,"viewCount":361,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":140983280,"gmtCreate":1625623548540,"gmtModify":1633938959861,"author":{"id":"3572861107908339","authorId":"3572861107908339","name":"trilley","avatar":"https://static.tigerbbs.com/6c51ac04fd79bc0c74ec3f237b6e91d1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572861107908339","authorIdStr":"3572861107908339"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/140983280","repostId":"1171645479","repostType":4,"isVote":1,"tweetType":1,"viewCount":1196,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":125278596,"gmtCreate":1624677745715,"gmtModify":1633949689856,"author":{"id":"3572861107908339","authorId":"3572861107908339","name":"trilley","avatar":"https://static.tigerbbs.com/6c51ac04fd79bc0c74ec3f237b6e91d1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572861107908339","authorIdStr":"3572861107908339"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/125278596","repostId":"1100072036","repostType":4,"isVote":1,"tweetType":1,"viewCount":1349,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164432517,"gmtCreate":1624232903039,"gmtModify":1634009293827,"author":{"id":"3572861107908339","authorId":"3572861107908339","name":"trilley","avatar":"https://static.tigerbbs.com/6c51ac04fd79bc0c74ec3f237b6e91d1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572861107908339","authorIdStr":"3572861107908339"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/164432517","repostId":"1154249454","repostType":4,"isVote":1,"tweetType":1,"viewCount":1556,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364785530,"gmtCreate":1614874584720,"gmtModify":1703482445563,"author":{"id":"3572861107908339","authorId":"3572861107908339","name":"trilley","avatar":"https://static.tigerbbs.com/6c51ac04fd79bc0c74ec3f237b6e91d1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572861107908339","authorIdStr":"3572861107908339"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/364785530","repostId":"1136459317","repostType":4,"isVote":1,"tweetType":1,"viewCount":231,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":366848630,"gmtCreate":1614444383220,"gmtModify":1703477594482,"author":{"id":"3572861107908339","authorId":"3572861107908339","name":"trilley","avatar":"https://static.tigerbbs.com/6c51ac04fd79bc0c74ec3f237b6e91d1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572861107908339","authorIdStr":"3572861107908339"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/366848630","repostId":"1108379103","repostType":4,"isVote":1,"tweetType":1,"viewCount":370,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149341115,"gmtCreate":1625706674737,"gmtModify":1633938178882,"author":{"id":"3572861107908339","authorId":"3572861107908339","name":"trilley","avatar":"https://static.tigerbbs.com/6c51ac04fd79bc0c74ec3f237b6e91d1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572861107908339","authorIdStr":"3572861107908339"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/149341115","repostId":"1176865752","repostType":4,"isVote":1,"tweetType":1,"viewCount":821,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":152942026,"gmtCreate":1625267058365,"gmtModify":1633942032544,"author":{"id":"3572861107908339","authorId":"3572861107908339","name":"trilley","avatar":"https://static.tigerbbs.com/6c51ac04fd79bc0c74ec3f237b6e91d1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572861107908339","authorIdStr":"3572861107908339"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":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23:28","market":"us","language":"en","title":"U.S. stocks slip as economic data disappoints and bond yields spike","url":"https://stock-news.laohu8.com/highlight/detail?id=1160849202","media":"老虎资讯综合","summary":"(March 3) U.S. stocks slip Wednesday, as a jobs report showed weaker-than-expected recovery from the","content":"<p>(March 3)&nbsp;U.S. stocks slip Wednesday, as a jobs report showed weaker-than-expected recovery from the COVID-19 pandemic as the vaccine rollout accelerates.</p>\n<p><img src=\"https://static.tigerbbs.com/3399dfe258d8391f84cfd403172a6b33\" tg-width=\"659\" tg-height=\"288\"><img src=\"https://static.tigerbbs.com/b3f6210b94ae708b48a2dbc055aa5bea\" tg-width=\"1359\" tg-height=\"676\"></p>\n<p><img src=\"https://static.tigerbbs.com/1e4a2277b0adcc52237df985f028e475\" tg-width=\"659\" tg-height=\"288\"><img src=\"https://static.tigerbbs.com/f697a8cde91f6f6b2e373a8561965819\" tg-width=\"1359\" tg-height=\"676\"></p>\n<p><img src=\"https://static.tigerbbs.com/84bd8f37269d1bea7c373b3fa75cf423\" tg-width=\"659\" tg-height=\"288\"><img src=\"https://static.tigerbbs.com/218b9c2e63444d7e08607c1332b49c0e\" tg-width=\"1355\" tg-height=\"647\"></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>U.S. stocks slip as economic data disappoints and bond yields spike</title>\n<style 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}\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. stocks slip as economic data disappoints and bond yields spike\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\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\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-03-03 23:28</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(March 3)&nbsp;U.S. stocks slip Wednesday, as a jobs report showed weaker-than-expected recovery from the COVID-19 pandemic as the vaccine rollout accelerates.</p>\n<p><img src=\"https://static.tigerbbs.com/3399dfe258d8391f84cfd403172a6b33\" tg-width=\"659\" tg-height=\"288\"><img src=\"https://static.tigerbbs.com/b3f6210b94ae708b48a2dbc055aa5bea\" tg-width=\"1359\" tg-height=\"676\"></p>\n<p><img src=\"https://static.tigerbbs.com/1e4a2277b0adcc52237df985f028e475\" tg-width=\"659\" tg-height=\"288\"><img src=\"https://static.tigerbbs.com/f697a8cde91f6f6b2e373a8561965819\" tg-width=\"1359\" tg-height=\"676\"></p>\n<p><img src=\"https://static.tigerbbs.com/84bd8f37269d1bea7c373b3fa75cf423\" tg-width=\"659\" tg-height=\"288\"><img src=\"https://static.tigerbbs.com/218b9c2e63444d7e08607c1332b49c0e\" tg-width=\"1355\" tg-height=\"647\"></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160849202","content_text":"(March 3) U.S. stocks slip Wednesday, as a jobs report showed weaker-than-expected recovery from the COVID-19 pandemic as the vaccine rollout accelerates.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":283,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160424096,"gmtCreate":1623804896215,"gmtModify":1634027940287,"author":{"id":"3572861107908339","authorId":"3572861107908339","name":"trilley","avatar":"https://static.tigerbbs.com/6c51ac04fd79bc0c74ec3f237b6e91d1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572861107908339","authorIdStr":"3572861107908339"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160424096","repostId":"1169657028","repostType":4,"repost":{"id":"1169657028","kind":"news","pubTimestamp":1623803407,"share":"https://www.laohu8.com/m/news/1169657028?lang=&edition=full","pubTime":"2021-06-16 08:30","market":"us","language":"en","title":"Bitcoin Is a Fail for Retail Investors, Goldman Sachs Team Warns","url":"https://stock-news.laohu8.com/highlight/detail?id=1169657028","media":"Barrons","summary":"As Bitcoin soared to new highs over the past year, many wondered if they should invest in it. Now, a","content":"<p>As Bitcoin soared to new highs over the past year, many wondered if they should invest in it. Now, a team at Goldman Sachs&nbsp;is telling retail investors that the digital currency isn’t worthy of most portfolios—at least not yet.</p>\n<p>In a new report to private-wealth management clients, Goldman’s Investment Strategy Group (ISG) noted that Bitcoin and other cryptocurrencies fail to meet the criteria it believes determine whether an asset class is “investable.”</p>\n<p>“While the digital asset ecosystem may well revolutionize the future of everything,” the team wrote, “that does not imply that cryptocurrencies are an investable asset class.”</p>\n<p>Goldman’s ISG team applies five criteria to determine whether an asset, including Bitcoin, is a sound investment—and requires at least three to be met:</p>\n<p>• Generate steady, reliable cash flow on a contractual basis, like bonds</p>\n<p>• Generate earnings through exposure to economic growth, like equities</p>\n<p>• Provide consistent and reliable diversification benefits to a portfolio</p>\n<p>• Dampen volatility</p>\n<p>• Provide consistent and reliable evidence of hedging inflation or deflation as a store of value</p>\n<p>Bitcoin fell short in each criteria. And the team pointed out that data on cryptocurrency has been limited and sometimes of “poor” quality.</p>\n<p>The note comes as Goldman is expanding its crypto offerings to institutional clients. Earlier this year, Goldman’s investment bank launched a cryptocurrency trading desk that focused on Bitcoin. In the coming months, the bank will offer ether options and futures to its clients, Bloomberg reported.</p>\n<p>For typical investors who lack the assets or access to portfolio strategies that would allow them to stomach volatility, cryptos don’t make much sense. Nor are they likely to add value to as a strategic asset class for consumer and private-wealth clients, the ISG team wrote.</p>\n<p>By the team’s measure, based on Bitcoin’s “risk, return and uncertainty characteristics,” a 1% allocation to the crypto in a moderate-risk portfolio would have to generate an annual return of 165% to make sense in a portfolio. A 2% allocation would require 365% annual return. But over the last seven years Bitcoin has delivered an annualized return of 69%.</p>\n<p>Just a few months ago, Bitcoin traded as high as $60,000.The recent drops occurred even as the number of Bitcoins has increased, meaning the total market capitalization&nbsp;lost has been much greater.</p>\n<p>“Someone bought Bitcoin at peak prices in April 2021 and someone sold at the lower prices later in May, so some real value was actually lost,” the team wrote.</p>\n<p>Also of concern to the team is the security of cryptocurrencies. There have been instances where investors’ private keys have been stolen, so they can’t access their coins. Hacking and cyberattacks occur in the so-called “traditional financial system,” too, but investors have more recourse. In the case of cryptocurrencies, once a key is stolen, the investor generallydoesn’t have a central authority to appeal to to recoup their assets—in other words, “not your keys, not your coins.”</p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Is a Fail for Retail Investors, Goldman Sachs Team Warns</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Is a Fail for Retail Investors, Goldman Sachs Team Warns\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-06-16 08:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/bitcoin-is-a-fail-for-retail-investors-goldman-sachs-team-warns-51623781467?mod=hp_LEADSUPP_1><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>As Bitcoin soared to new highs over the past year, many wondered if they should invest in it. Now, a team at Goldman Sachs is telling retail investors that the digital currency isn’t worthy of most ...</p>\n\n<a href=\"https://www.barrons.com/articles/bitcoin-is-a-fail-for-retail-investors-goldman-sachs-team-warns-51623781467?mod=hp_LEADSUPP_1\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust ETF"},"source_url":"https://www.barrons.com/articles/bitcoin-is-a-fail-for-retail-investors-goldman-sachs-team-warns-51623781467?mod=hp_LEADSUPP_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1169657028","content_text":"As Bitcoin soared to new highs over the past year, many wondered if they should invest in it. Now, a team at Goldman Sachs is telling retail investors that the digital currency isn’t worthy of most portfolios—at least not yet.\nIn a new report to private-wealth management clients, Goldman’s Investment Strategy Group (ISG) noted that Bitcoin and other cryptocurrencies fail to meet the criteria it believes determine whether an asset class is “investable.”\n“While the digital asset ecosystem may well revolutionize the future of everything,” the team wrote, “that does not imply that cryptocurrencies are an investable asset class.”\nGoldman’s ISG team applies five criteria to determine whether an asset, including Bitcoin, is a sound investment—and requires at least three to be met:\n• Generate steady, reliable cash flow on a contractual basis, like bonds\n• Generate earnings through exposure to economic growth, like equities\n• Provide consistent and reliable diversification benefits to a portfolio\n• Dampen volatility\n• Provide consistent and reliable evidence of hedging inflation or deflation as a store of value\nBitcoin fell short in each criteria. And the team pointed out that data on cryptocurrency has been limited and sometimes of “poor” quality.\nThe note comes as Goldman is expanding its crypto offerings to institutional clients. Earlier this year, Goldman’s investment bank launched a cryptocurrency trading desk that focused on Bitcoin. In the coming months, the bank will offer ether options and futures to its clients, Bloomberg reported.\nFor typical investors who lack the assets or access to portfolio strategies that would allow them to stomach volatility, cryptos don’t make much sense. Nor are they likely to add value to as a strategic asset class for consumer and private-wealth clients, the ISG team wrote.\nBy the team’s measure, based on Bitcoin’s “risk, return and uncertainty characteristics,” a 1% allocation to the crypto in a moderate-risk portfolio would have to generate an annual return of 165% to make sense in a portfolio. A 2% allocation would require 365% annual return. But over the last seven years Bitcoin has delivered an annualized return of 69%.\nJust a few months ago, Bitcoin traded as high as $60,000.The recent drops occurred even as the number of Bitcoins has increased, meaning the total market capitalization lost has been much greater.\n“Someone bought Bitcoin at peak prices in April 2021 and someone sold at the lower prices later in May, so some real value was actually lost,” the team wrote.\nAlso of concern to the team is the security of cryptocurrencies. There have been instances where investors’ private keys have been stolen, so they can’t access their coins. Hacking and cyberattacks occur in the so-called “traditional financial system,” too, but investors have more recourse. In the case of cryptocurrencies, once a key is stolen, the investor generallydoesn’t have a central authority to appeal to to recoup their assets—in other words, “not your keys, not your coins.”","news_type":1,"symbols_score_info":{"BTCmain":0.9,"MBTmain":0.9,"XBTmain":0.9,"GBTC":0.9}},"isVote":1,"tweetType":1,"viewCount":329,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":320244614,"gmtCreate":1615127594638,"gmtModify":1703484884705,"author":{"id":"3572861107908339","authorId":"3572861107908339","name":"trilley","avatar":"https://static.tigerbbs.com/6c51ac04fd79bc0c74ec3f237b6e91d1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572861107908339","authorIdStr":"3572861107908339"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/320244614","repostId":"1116017255","repostType":4,"repost":{"id":"1116017255","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1614954925,"share":"https://www.laohu8.com/m/news/1116017255?lang=&edition=full","pubTime":"2021-03-05 22:35","market":"us","language":"en","title":"U.S. Stocks open up, as strong jobs report boosts reopening optimism","url":"https://stock-news.laohu8.com/highlight/detail?id=1116017255","media":"老虎资讯综合","summary":"(March 5) Stocks were set to rebound after a stronger-than-expected jobs report boosted optimism abo","content":"<p>(March 5)&nbsp;Stocks were set to rebound after a stronger-than-expected jobs report boosted optimism about a faster economic reopening.</p><p>The Dow up 0.93%, the S&amp;P 500 rose 1.05%, and the Nasdaq Composite jumped 1.13%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f5a0f3bfa9164920f4899e3f22741e69\" tg-width=\"1242\" tg-height=\"572\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 09:30</span></p><p>The U.S. 10-year Treasury yield popped above 1.6% after the February jobs report. The Labor Department on Fridayreportedthat nonfarm payrolls jumped by 379,000 for the month and the unemployment rate fell to 6.2%. That compared to expectations of 210,000 new jobs and the unemployment rate to hold steady from the 6.3% rate in January, according to Dow Jones.</p><p>As rates jumped, tech shares with high valuations got hit again in the premarket, continuing the pattern this week. Tesla and Peloton shares fell declined.</p><p>The move in futures followed a sharp sell-off on Thursday triggered by Federal Reserve Chair Jerome Powell’s remarks on rising bond yields. The Fed chair said the recent runup caught his attention but he didn’t give any indication of how the central bank would rein it in. Some investors had expected Powell to signal his willingness to adjust the Fed’s asset purchase program.</p><p>The economic reopening could&nbsp;“create some upward pressure on prices,” Powell said in a Wall Street Journal webinar Thursday. Even if the economy sees “transitory increases in inflation … I expect that we will be patient,” he added.</p><p>“Equity investors, in our conversations, are really grappling with two things they may not have had to deal with for the last 10 years,” said Tom Lee, Fundstrat’s co-founder head of research. “One is the potential for inflation to actually have to be priced into equities. I think there’s a lot of confusion.”</p><p>“Then it’s a bond market that seems to be testing the Fed, which kind of scares people,” added Lee, who believes the sell-off this week is a buying opportunity.</p><p>Tech stocks led the market decline Thursday, especially those with high valuations and small or no profitability. The Nasdaq Composite dropped 2.1% Thursday, bringing its losses this week to 3.6%. The tech-heavy benchmark also turned negative for the year and fell into correction territory, or down 10% from a recent high, on an intraday basis.</p><p>Tesla shares were off their lows in Friday premarket trading but still down 0.3%.</p><p>The S&amp;P 500 and the Dow both fell more than 1% Thursday, headed for a losing week. Energy outperformed with a 2.5% gain in the previous session amid a jump in oil prices.</p><p>“Rates soared once again, which opened the door for more selling of technology stocks,” said Ryan Detrick, chief market strategist at LPL Financial. “The bright side is the economy continues to improve and leadership from financials and energy is something that suggests this isn’t a sell everything moment.”</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>U.S. Stocks open up, as strong jobs report boosts reopening optimism</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. Stocks open up, as strong jobs report boosts reopening optimism\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\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\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-03-05 22:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(March 5)&nbsp;Stocks were set to rebound after a stronger-than-expected jobs report boosted optimism about a faster economic reopening.</p><p>The Dow up 0.93%, the S&amp;P 500 rose 1.05%, and the Nasdaq Composite jumped 1.13%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/f5a0f3bfa9164920f4899e3f22741e69\" tg-width=\"1242\" tg-height=\"572\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 09:30</span></p><p>The U.S. 10-year Treasury yield popped above 1.6% after the February jobs report. The Labor Department on Fridayreportedthat nonfarm payrolls jumped by 379,000 for the month and the unemployment rate fell to 6.2%. That compared to expectations of 210,000 new jobs and the unemployment rate to hold steady from the 6.3% rate in January, according to Dow Jones.</p><p>As rates jumped, tech shares with high valuations got hit again in the premarket, continuing the pattern this week. Tesla and Peloton shares fell declined.</p><p>The move in futures followed a sharp sell-off on Thursday triggered by Federal Reserve Chair Jerome Powell’s remarks on rising bond yields. The Fed chair said the recent runup caught his attention but he didn’t give any indication of how the central bank would rein it in. Some investors had expected Powell to signal his willingness to adjust the Fed’s asset purchase program.</p><p>The economic reopening could&nbsp;“create some upward pressure on prices,” Powell said in a Wall Street Journal webinar Thursday. Even if the economy sees “transitory increases in inflation … I expect that we will be patient,” he added.</p><p>“Equity investors, in our conversations, are really grappling with two things they may not have had to deal with for the last 10 years,” said Tom Lee, Fundstrat’s co-founder head of research. “One is the potential for inflation to actually have to be priced into equities. I think there’s a lot of confusion.”</p><p>“Then it’s a bond market that seems to be testing the Fed, which kind of scares people,” added Lee, who believes the sell-off this week is a buying opportunity.</p><p>Tech stocks led the market decline Thursday, especially those with high valuations and small or no profitability. The Nasdaq Composite dropped 2.1% Thursday, bringing its losses this week to 3.6%. The tech-heavy benchmark also turned negative for the year and fell into correction territory, or down 10% from a recent high, on an intraday basis.</p><p>Tesla shares were off their lows in Friday premarket trading but still down 0.3%.</p><p>The S&amp;P 500 and the Dow both fell more than 1% Thursday, headed for a losing week. Energy outperformed with a 2.5% gain in the previous session amid a jump in oil prices.</p><p>“Rates soared once again, which opened the door for more selling of technology stocks,” said Ryan Detrick, chief market strategist at LPL Financial. “The bright side is the economy continues to improve and leadership from financials and energy is something that suggests this isn’t a sell everything moment.”</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116017255","content_text":"(March 5) Stocks were set to rebound after a stronger-than-expected jobs report boosted optimism about a faster economic reopening.The Dow up 0.93%, the S&P 500 rose 1.05%, and the Nasdaq Composite jumped 1.13%.*Source From Tiger Trade, EST 09:30The U.S. 10-year Treasury yield popped above 1.6% after the February jobs report. The Labor Department on Fridayreportedthat nonfarm payrolls jumped by 379,000 for the month and the unemployment rate fell to 6.2%. That compared to expectations of 210,000 new jobs and the unemployment rate to hold steady from the 6.3% rate in January, according to Dow Jones.As rates jumped, tech shares with high valuations got hit again in the premarket, continuing the pattern this week. Tesla and Peloton shares fell declined.The move in futures followed a sharp sell-off on Thursday triggered by Federal Reserve Chair Jerome Powell’s remarks on rising bond yields. The Fed chair said the recent runup caught his attention but he didn’t give any indication of how the central bank would rein it in. Some investors had expected Powell to signal his willingness to adjust the Fed’s asset purchase program.The economic reopening could “create some upward pressure on prices,” Powell said in a Wall Street Journal webinar Thursday. Even if the economy sees “transitory increases in inflation … I expect that we will be patient,” he added.“Equity investors, in our conversations, are really grappling with two things they may not have had to deal with for the last 10 years,” said Tom Lee, Fundstrat’s co-founder head of research. “One is the potential for inflation to actually have to be priced into equities. I think there’s a lot of confusion.”“Then it’s a bond market that seems to be testing the Fed, which kind of scares people,” added Lee, who believes the sell-off this week is a buying opportunity.Tech stocks led the market decline Thursday, especially those with high valuations and small or no profitability. The Nasdaq Composite dropped 2.1% Thursday, bringing its losses this week to 3.6%. The tech-heavy benchmark also turned negative for the year and fell into correction territory, or down 10% from a recent high, on an intraday basis.Tesla shares were off their lows in Friday premarket trading but still down 0.3%.The S&P 500 and the Dow both fell more than 1% Thursday, headed for a losing week. Energy outperformed with a 2.5% gain in the previous session amid a jump in oil prices.“Rates soared once again, which opened the door for more selling of technology stocks,” said Ryan Detrick, chief market strategist at LPL Financial. “The bright side is the economy continues to improve and leadership from financials and energy is something that suggests this isn’t a sell everything moment.”","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":176,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":364026079,"gmtCreate":1614786195691,"gmtModify":1703481194777,"author":{"id":"3572861107908339","authorId":"3572861107908339","name":"trilley","avatar":"https://static.tigerbbs.com/6c51ac04fd79bc0c74ec3f237b6e91d1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572861107908339","authorIdStr":"3572861107908339"},"themes":[],"htmlText":".","listText":".","text":".","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/364026079","repostId":"1165260392","repostType":4,"repost":{"id":"1165260392","kind":"news","weMediaInfo":{"introduction":"为用户提供金融资讯、行情、数据，旨在帮助投资者理解世界，做投资决策。","home_visible":1,"media_name":"老虎资讯综合","id":"102","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1614775241,"share":"https://www.laohu8.com/m/news/1165260392?lang=&edition=full","pubTime":"2021-03-03 20:40","market":"us","language":"en","title":"Toplines Before US Market Open on Wednesday","url":"https://stock-news.laohu8.com/highlight/detail?id=1165260392","media":"老虎资讯综合","summary":"(March 3) U.S. stock index futures rose on Wednesday as a swift global roll out of vaccines and a ne","content":"<p>(March 3) U.S. stock index futures rose on Wednesday as a swift global roll out of vaccines and a new round of stimulus bolstered bets on a quick economic rebound, with investors also focusing on private employment and service sector reports.</p><p>Futures for the Dow Jones Industrial Average climbed 213 points to 31,571.00 while the Standard &amp; Poor’s 500 index futures rose 22.50 points at 3,890.00. Futures for the Nasdaq 100 index rose 73 points to 13,128.25.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c76df0d872e910db853a4d75f11a2c87\" tg-width=\"1242\" tg-height=\"498\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 07:33</span></p><p>The Senate is expected to start debateas soon as Wednesdayon its version of the House-passed, $1.9 trillion Covid relief bill. However, it excludes a federal minimum wage boost to $15 per hour. PresidentJoe Bidenon Tuesday urged Democrats to stand united and approve the measure, even as some party moderates sought to dial back parts of the package. Democrats, with the slimmest of margins in the Senate, are using special rules that would allow them to pass the bill without GOP support.</p><p><b>U.S. Market Yesterday</b></p><p>Wall Street ended lower on&nbsp;Tuesday.The S&amp;P 500 technology sector index dropped 1.6%, extending a pullback from late last month after a selloff in the U.S. bond market sparked fears over highly valued stocks. The consumer discretionary index dipped 1.3%, with Amazon falling 1.6%.</p><p>The Dow Jones Industrial Average fell 0.46% to end at 31,391.52 points, while the S&amp;P 500 lost 0.81% to 3,870.29.&nbsp;The Nasdaq Composite dropped 1.69% to 13,358.79.</p><p><b>Latest News</b></p><p>1)&nbsp;<a href=\"https://laohu8.com/S/RKT\">Rocket Companies</a> &nbsp;fell 6% in Wednesday’s premarket trading after more than doubling over the past three sessions. On Tuesday, the Quicken Loans and Rocket Mortgage parentsurged over 71%on no apparent news. The heavily shorted stock appears to have garnered bullish interest from day traders on Reddit’s WallStreetBets forum.</p><p><img src=\"https://static.tigerbbs.com/fbe61d99c44288b96a43259516fe50e7\" tg-width=\"1075\" tg-height=\"518\" referrerpolicy=\"no-referrer\">2)&nbsp;<b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a></b>  is purchasing Curv, a technology firm, engaged in the secure storage of Bitcoin (CRYPTO: BTC) and other cryptocurrencies, CoinDesk reported.</p><p>3)&nbsp;<b><a href=\"https://laohu8.com/S/LYFT\">Lyft, Inc.</a></b>  – The ride-hailing company said that last week saw the highest level of ride volume since the pandemic took hold last March. As a result, Lyft expects to report a smaller quarterly loss than it had previously projected. Lyft shares jumped 5.6% in premarket trading.</p><p>4)<b>&nbsp;<a href=\"https://laohu8.com/S/FUBO\">fuboTV Inc.</a></b> – FuboTV reported quarterly revenue in excess of $100 million for the first time, with the live sports streaming company reporting a better-than-expected $105.1 million in sales. Subscriber numbers jumped 73% from a year earlier to a total of 548,000. Its shares fell 4% in the premarket, however, following a nearly 50% year-to-date jump.</p><p>5)&nbsp;<b><a href=\"https://laohu8.com/S/LVS\">Las Vegas Sands</a> </b>– The casino operator’s shares rose 3% in the premarket after it announced a deal to sell its Las Vegas properties to private-equity firms Apollo Global (APO) and VICI Properties for $6.25 billion. The sale includes The Venetian Resort Las Vegas and the Sands Expo and Convention Center. Apollo Global shares gained 2.1%.</p><p>6)&nbsp; <b><a href=\"https://laohu8.com/S/WEN\">Wendy's</a> </b>– The restaurant chain missed estimates by a penny a share, with quarterly earnings of 17 cents per share. Revenue came in short of forecasts as well. Global comparable sales rose 4.7%, shy of the FactSet consensus estimate of 5.7% due primarily to international weakness. Its shares fell 3.3% in the premarket.</p><p>7)&nbsp;<b><a href=\"https://laohu8.com/S/DLTR\">Dollar Tree</a> </b> – The discount retailer earned $2.13 per share for the fourth quarter, beating estimates by 2 cents a share. Revenue essentially was in line with expectations. Comparable-store sales rose 4.9%, short of the 5.5% estimate of analysts surveyed by FactSet. The company’s shares fell 2% in the premarket.</p><p>8)&nbsp;<b><a href=\"https://laohu8.com/S/HPE\">Hewlett Packard Enterprise</a></b> – HPE beat estimates by 11 cents a share, with quarterly earnings of 52 cents per share. The enterprise computing hardware maker’s revenue came in above forecasts as well. The company issued strong guidance for both the current quarter and full year, as it continues to benefit from the pandemic-inspired digital transformation.</p><p>9)&nbsp;<b><a href=\"https://laohu8.com/S/BOX\">Box</a></b> – Box reported quarterly earnings of 22 cents per share, 5 cents a share above estimates. Revenue beat projections as well. The online data storage company also issued a better-than-expected full-year outlook and expects that the current quarter will see revenue above $200 million for the first time.</p><p>10)&nbsp;<b><a href=\"https://laohu8.com/S/JWN\">Nordstrom</a></b> – Nordstrom earned 21 cents per share for its latest quarter, 7 cents a share above estimates. The retailer also reported better-than-expected revenue. Nordstrom was helped by a boost in digital sales as well as growth in its off-price operation, but the retailer warned that it would have to clear excess holiday inventory through that off-price channel. Shares fell 2.6% in premarket action.</p><p>11)&nbsp;<b><a href=\"https://laohu8.com/S/URBN\">Urban Outfitters</a></b>&nbsp;– Urban Outfitters beat estimates by 2 cents a share, with quarterly earnings of 30 cents per share. The apparel retailer’s revenue fell slightly below Wall Street forecasts, however, and gross profit margins dropped more than 3 percentage points from a year earlier. Its shares fell 1.6% in the premarket.</p><p>12)&nbsp;<b><a href=\"https://laohu8.com/S/ROST\">Ross</a> Stores</b>&nbsp;– Ross Stores sank 3.1% in the premarket after it reported quarterly earnings of 67 cents per share, below the $1.00 a share consensus estimate. The discount retailer’s revenue came in below estimates as well, hurt by pandemic-related store closures in California.</p><p>&nbsp;<b>What to know today</b></p><ul><li>7:00 a.m. ET: MBA Mortgage Applications, week ended February 26 (-11.4% during prior week)</li><li>8:15 a.m. ET: ADP Employment Change, February (200,000 expected, 174,000 in January)</li><li>9:45 a.m. ET: Markit US Composite PMI, February final (58.8 in prior print)</li><li>9:45 a.m. ET: Markit US Services PMI, February final (58.9 expected, 58.9 in prior print)</li><li>10:00 a.m. ET: ISM Services Index, February (58.7 expected, 58.7 in January)</li><li>2:00 p.m. ET: Federal Reserve releases Beige Book</li></ul><p><b>A Peek Into Global Markets</b></p><p>European markets were higher today. The Spanish Ibex Index rose 0.4% and STOXX Europe 600 Index rose 0.5%. The French CAC 40 Index rose 0.8%, German DAX 30 gained 0.8% while London's FTSE 100 rose 1%. French government budget deficit increased to EUR 21.9 billion in January from EUR 20 billion in the year-ago month.</p><p>Asian markets traded higher today. Japan’s Nikkei 225 rose 0.51%, China’s Shanghai Composite climbed 1.95% and Hong Kong’s Hang Seng Index rose 2.7%. Australia’s S&amp;P/ASX 200 rose 0.8%, while India’s BSE Sensex rose 2.3%. Indian services PMI rose to 55.3 in February from 52.8 in the prior month, while China’s services PMI dipped to a ten-month low of 51.5 for February. Japanese services PMI rose to 46.3 in February from a final reading of 46.1 a month earlier, while Hong Kong’s private sector PMI increased to 50.0 in February from 47.8 in January. The Australian GDP increased 3.1% qoq in the fourth quarter, while services PMI fell to 53.4 in February from 55.6 in the prior month.</p><p><b>Currencies</b></p><p>The Bloomberg Dollar Spot Index gained 0.1%.The euro fell 0.2% to $1.2063.The British pound was little changed at $1.3952.The onshore yuan strengthened 0.1% to 6.465 per dollar.The Japanese yen weakened 0.3% to 107 per dollar.</p><p><b>Bonds</b></p><p>The yield on 10-year Treasuries advanced five basis points to 1.44%.The yield on two-year Treasuries climbed less than one basis point to 0.13%.Germany’s 10-year yield gained two basis points to -0.33%.Britain’s 10-year yield advanced three basis points to 0.719%.Japan’s 10-year yield dipped one basis point to 0.119%.</p><p><b>Commodities</b></p><p>West Texas Intermediate crude advanced 1.9% to $60.87 a barrel.Brent crude increased 1.9% to $63.87 a barrel.Gold weakened 0.9% to $1,722.81 an ounce.</p><p><b>Bitcoin&nbsp;Price</b></p><p>Bitcoin jumped more than 6% to climb above $50,000 and to its highest in a week.</p><p><b>Gold</b></p><p>Gold, on the other hand, slipped 0.8%.</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 Wednesday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nToplines Before US Market Open on Wednesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\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\">老虎资讯综合 </p>\n<p class=\"h-time\">2021-03-03 20:40</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(March 3) U.S. stock index futures rose on Wednesday as a swift global roll out of vaccines and a new round of stimulus bolstered bets on a quick economic rebound, with investors also focusing on private employment and service sector reports.</p><p>Futures for the Dow Jones Industrial Average climbed 213 points to 31,571.00 while the Standard &amp; Poor’s 500 index futures rose 22.50 points at 3,890.00. Futures for the Nasdaq 100 index rose 73 points to 13,128.25.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/c76df0d872e910db853a4d75f11a2c87\" tg-width=\"1242\" tg-height=\"498\" referrerpolicy=\"no-referrer\"><span>*Source From Tiger Trade, EST 07:33</span></p><p>The Senate is expected to start debateas soon as Wednesdayon its version of the House-passed, $1.9 trillion Covid relief bill. However, it excludes a federal minimum wage boost to $15 per hour. PresidentJoe Bidenon Tuesday urged Democrats to stand united and approve the measure, even as some party moderates sought to dial back parts of the package. Democrats, with the slimmest of margins in the Senate, are using special rules that would allow them to pass the bill without GOP support.</p><p><b>U.S. Market Yesterday</b></p><p>Wall Street ended lower on&nbsp;Tuesday.The S&amp;P 500 technology sector index dropped 1.6%, extending a pullback from late last month after a selloff in the U.S. bond market sparked fears over highly valued stocks. The consumer discretionary index dipped 1.3%, with Amazon falling 1.6%.</p><p>The Dow Jones Industrial Average fell 0.46% to end at 31,391.52 points, while the S&amp;P 500 lost 0.81% to 3,870.29.&nbsp;The Nasdaq Composite dropped 1.69% to 13,358.79.</p><p><b>Latest News</b></p><p>1)&nbsp;<a href=\"https://laohu8.com/S/RKT\">Rocket Companies</a> &nbsp;fell 6% in Wednesday’s premarket trading after more than doubling over the past three sessions. On Tuesday, the Quicken Loans and Rocket Mortgage parentsurged over 71%on no apparent news. The heavily shorted stock appears to have garnered bullish interest from day traders on Reddit’s WallStreetBets forum.</p><p><img src=\"https://static.tigerbbs.com/fbe61d99c44288b96a43259516fe50e7\" tg-width=\"1075\" tg-height=\"518\" referrerpolicy=\"no-referrer\">2)&nbsp;<b><a href=\"https://laohu8.com/S/PYPL\">PayPal</a></b>  is purchasing Curv, a technology firm, engaged in the secure storage of Bitcoin (CRYPTO: BTC) and other cryptocurrencies, CoinDesk reported.</p><p>3)&nbsp;<b><a href=\"https://laohu8.com/S/LYFT\">Lyft, Inc.</a></b>  – The ride-hailing company said that last week saw the highest level of ride volume since the pandemic took hold last March. As a result, Lyft expects to report a smaller quarterly loss than it had previously projected. Lyft shares jumped 5.6% in premarket trading.</p><p>4)<b>&nbsp;<a href=\"https://laohu8.com/S/FUBO\">fuboTV Inc.</a></b> – FuboTV reported quarterly revenue in excess of $100 million for the first time, with the live sports streaming company reporting a better-than-expected $105.1 million in sales. Subscriber numbers jumped 73% from a year earlier to a total of 548,000. Its shares fell 4% in the premarket, however, following a nearly 50% year-to-date jump.</p><p>5)&nbsp;<b><a href=\"https://laohu8.com/S/LVS\">Las Vegas Sands</a> </b>– The casino operator’s shares rose 3% in the premarket after it announced a deal to sell its Las Vegas properties to private-equity firms Apollo Global (APO) and VICI Properties for $6.25 billion. The sale includes The Venetian Resort Las Vegas and the Sands Expo and Convention Center. Apollo Global shares gained 2.1%.</p><p>6)&nbsp; <b><a href=\"https://laohu8.com/S/WEN\">Wendy's</a> </b>– The restaurant chain missed estimates by a penny a share, with quarterly earnings of 17 cents per share. Revenue came in short of forecasts as well. Global comparable sales rose 4.7%, shy of the FactSet consensus estimate of 5.7% due primarily to international weakness. Its shares fell 3.3% in the premarket.</p><p>7)&nbsp;<b><a href=\"https://laohu8.com/S/DLTR\">Dollar Tree</a> </b> – The discount retailer earned $2.13 per share for the fourth quarter, beating estimates by 2 cents a share. Revenue essentially was in line with expectations. Comparable-store sales rose 4.9%, short of the 5.5% estimate of analysts surveyed by FactSet. The company’s shares fell 2% in the premarket.</p><p>8)&nbsp;<b><a href=\"https://laohu8.com/S/HPE\">Hewlett Packard Enterprise</a></b> – HPE beat estimates by 11 cents a share, with quarterly earnings of 52 cents per share. The enterprise computing hardware maker’s revenue came in above forecasts as well. The company issued strong guidance for both the current quarter and full year, as it continues to benefit from the pandemic-inspired digital transformation.</p><p>9)&nbsp;<b><a href=\"https://laohu8.com/S/BOX\">Box</a></b> – Box reported quarterly earnings of 22 cents per share, 5 cents a share above estimates. Revenue beat projections as well. The online data storage company also issued a better-than-expected full-year outlook and expects that the current quarter will see revenue above $200 million for the first time.</p><p>10)&nbsp;<b><a href=\"https://laohu8.com/S/JWN\">Nordstrom</a></b> – Nordstrom earned 21 cents per share for its latest quarter, 7 cents a share above estimates. The retailer also reported better-than-expected revenue. Nordstrom was helped by a boost in digital sales as well as growth in its off-price operation, but the retailer warned that it would have to clear excess holiday inventory through that off-price channel. Shares fell 2.6% in premarket action.</p><p>11)&nbsp;<b><a href=\"https://laohu8.com/S/URBN\">Urban Outfitters</a></b>&nbsp;– Urban Outfitters beat estimates by 2 cents a share, with quarterly earnings of 30 cents per share. The apparel retailer’s revenue fell slightly below Wall Street forecasts, however, and gross profit margins dropped more than 3 percentage points from a year earlier. Its shares fell 1.6% in the premarket.</p><p>12)&nbsp;<b><a href=\"https://laohu8.com/S/ROST\">Ross</a> Stores</b>&nbsp;– Ross Stores sank 3.1% in the premarket after it reported quarterly earnings of 67 cents per share, below the $1.00 a share consensus estimate. The discount retailer’s revenue came in below estimates as well, hurt by pandemic-related store closures in California.</p><p>&nbsp;<b>What to know today</b></p><ul><li>7:00 a.m. ET: MBA Mortgage Applications, week ended February 26 (-11.4% during prior week)</li><li>8:15 a.m. ET: ADP Employment Change, February (200,000 expected, 174,000 in January)</li><li>9:45 a.m. ET: Markit US Composite PMI, February final (58.8 in prior print)</li><li>9:45 a.m. ET: Markit US Services PMI, February final (58.9 expected, 58.9 in prior print)</li><li>10:00 a.m. ET: ISM Services Index, February (58.7 expected, 58.7 in January)</li><li>2:00 p.m. ET: Federal Reserve releases Beige Book</li></ul><p><b>A Peek Into Global Markets</b></p><p>European markets were higher today. The Spanish Ibex Index rose 0.4% and STOXX Europe 600 Index rose 0.5%. The French CAC 40 Index rose 0.8%, German DAX 30 gained 0.8% while London's FTSE 100 rose 1%. French government budget deficit increased to EUR 21.9 billion in January from EUR 20 billion in the year-ago month.</p><p>Asian markets traded higher today. Japan’s Nikkei 225 rose 0.51%, China’s Shanghai Composite climbed 1.95% and Hong Kong’s Hang Seng Index rose 2.7%. Australia’s S&amp;P/ASX 200 rose 0.8%, while India’s BSE Sensex rose 2.3%. Indian services PMI rose to 55.3 in February from 52.8 in the prior month, while China’s services PMI dipped to a ten-month low of 51.5 for February. Japanese services PMI rose to 46.3 in February from a final reading of 46.1 a month earlier, while Hong Kong’s private sector PMI increased to 50.0 in February from 47.8 in January. The Australian GDP increased 3.1% qoq in the fourth quarter, while services PMI fell to 53.4 in February from 55.6 in the prior month.</p><p><b>Currencies</b></p><p>The Bloomberg Dollar Spot Index gained 0.1%.The euro fell 0.2% to $1.2063.The British pound was little changed at $1.3952.The onshore yuan strengthened 0.1% to 6.465 per dollar.The Japanese yen weakened 0.3% to 107 per dollar.</p><p><b>Bonds</b></p><p>The yield on 10-year Treasuries advanced five basis points to 1.44%.The yield on two-year Treasuries climbed less than one basis point to 0.13%.Germany’s 10-year yield gained two basis points to -0.33%.Britain’s 10-year yield advanced three basis points to 0.719%.Japan’s 10-year yield dipped one basis point to 0.119%.</p><p><b>Commodities</b></p><p>West Texas Intermediate crude advanced 1.9% to $60.87 a barrel.Brent crude increased 1.9% to $63.87 a barrel.Gold weakened 0.9% to $1,722.81 an ounce.</p><p><b>Bitcoin&nbsp;Price</b></p><p>Bitcoin jumped more than 6% to climb above $50,000 and to its highest in a week.</p><p><b>Gold</b></p><p>Gold, on the other hand, slipped 0.8%.</p>\n\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"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1165260392","content_text":"(March 3) U.S. stock index futures rose on Wednesday as a swift global roll out of vaccines and a new round of stimulus bolstered bets on a quick economic rebound, with investors also focusing on private employment and service sector reports.Futures for the Dow Jones Industrial Average climbed 213 points to 31,571.00 while the Standard & Poor’s 500 index futures rose 22.50 points at 3,890.00. Futures for the Nasdaq 100 index rose 73 points to 13,128.25.*Source From Tiger Trade, EST 07:33The Senate is expected to start debateas soon as Wednesdayon its version of the House-passed, $1.9 trillion Covid relief bill. However, it excludes a federal minimum wage boost to $15 per hour. PresidentJoe Bidenon Tuesday urged Democrats to stand united and approve the measure, even as some party moderates sought to dial back parts of the package. Democrats, with the slimmest of margins in the Senate, are using special rules that would allow them to pass the bill without GOP support.U.S. Market YesterdayWall Street ended lower on Tuesday.The S&P 500 technology sector index dropped 1.6%, extending a pullback from late last month after a selloff in the U.S. bond market sparked fears over highly valued stocks. The consumer discretionary index dipped 1.3%, with Amazon falling 1.6%.The Dow Jones Industrial Average fell 0.46% to end at 31,391.52 points, while the S&P 500 lost 0.81% to 3,870.29. The Nasdaq Composite dropped 1.69% to 13,358.79.Latest News1) Rocket Companies  fell 6% in Wednesday’s premarket trading after more than doubling over the past three sessions. On Tuesday, the Quicken Loans and Rocket Mortgage parentsurged over 71%on no apparent news. The heavily shorted stock appears to have garnered bullish interest from day traders on Reddit’s WallStreetBets forum.2) PayPal  is purchasing Curv, a technology firm, engaged in the secure storage of Bitcoin (CRYPTO: BTC) and other cryptocurrencies, CoinDesk reported.3) Lyft, Inc.  – The ride-hailing company said that last week saw the highest level of ride volume since the pandemic took hold last March. As a result, Lyft expects to report a smaller quarterly loss than it had previously projected. Lyft shares jumped 5.6% in premarket trading.4) fuboTV Inc. – FuboTV reported quarterly revenue in excess of $100 million for the first time, with the live sports streaming company reporting a better-than-expected $105.1 million in sales. Subscriber numbers jumped 73% from a year earlier to a total of 548,000. Its shares fell 4% in the premarket, however, following a nearly 50% year-to-date jump.5) Las Vegas Sands – The casino operator’s shares rose 3% in the premarket after it announced a deal to sell its Las Vegas properties to private-equity firms Apollo Global (APO) and VICI Properties for $6.25 billion. The sale includes The Venetian Resort Las Vegas and the Sands Expo and Convention Center. Apollo Global shares gained 2.1%.6)  Wendy's – The restaurant chain missed estimates by a penny a share, with quarterly earnings of 17 cents per share. Revenue came in short of forecasts as well. Global comparable sales rose 4.7%, shy of the FactSet consensus estimate of 5.7% due primarily to international weakness. Its shares fell 3.3% in the premarket.7) Dollar Tree  – The discount retailer earned $2.13 per share for the fourth quarter, beating estimates by 2 cents a share. Revenue essentially was in line with expectations. Comparable-store sales rose 4.9%, short of the 5.5% estimate of analysts surveyed by FactSet. The company’s shares fell 2% in the premarket.8) Hewlett Packard Enterprise – HPE beat estimates by 11 cents a share, with quarterly earnings of 52 cents per share. The enterprise computing hardware maker’s revenue came in above forecasts as well. The company issued strong guidance for both the current quarter and full year, as it continues to benefit from the pandemic-inspired digital transformation.9) Box – Box reported quarterly earnings of 22 cents per share, 5 cents a share above estimates. Revenue beat projections as well. The online data storage company also issued a better-than-expected full-year outlook and expects that the current quarter will see revenue above $200 million for the first time.10) Nordstrom – Nordstrom earned 21 cents per share for its latest quarter, 7 cents a share above estimates. The retailer also reported better-than-expected revenue. Nordstrom was helped by a boost in digital sales as well as growth in its off-price operation, but the retailer warned that it would have to clear excess holiday inventory through that off-price channel. Shares fell 2.6% in premarket action.11) Urban Outfitters – Urban Outfitters beat estimates by 2 cents a share, with quarterly earnings of 30 cents per share. The apparel retailer’s revenue fell slightly below Wall Street forecasts, however, and gross profit margins dropped more than 3 percentage points from a year earlier. Its shares fell 1.6% in the premarket.12) Ross Stores – Ross Stores sank 3.1% in the premarket after it reported quarterly earnings of 67 cents per share, below the $1.00 a share consensus estimate. The discount retailer’s revenue came in below estimates as well, hurt by pandemic-related store closures in California. What to know today7:00 a.m. ET: MBA Mortgage Applications, week ended February 26 (-11.4% during prior week)8:15 a.m. ET: ADP Employment Change, February (200,000 expected, 174,000 in January)9:45 a.m. ET: Markit US Composite PMI, February final (58.8 in prior print)9:45 a.m. ET: Markit US Services PMI, February final (58.9 expected, 58.9 in prior print)10:00 a.m. ET: ISM Services Index, February (58.7 expected, 58.7 in January)2:00 p.m. ET: Federal Reserve releases Beige BookA Peek Into Global MarketsEuropean markets were higher today. The Spanish Ibex Index rose 0.4% and STOXX Europe 600 Index rose 0.5%. The French CAC 40 Index rose 0.8%, German DAX 30 gained 0.8% while London's FTSE 100 rose 1%. French government budget deficit increased to EUR 21.9 billion in January from EUR 20 billion in the year-ago month.Asian markets traded higher today. Japan’s Nikkei 225 rose 0.51%, China’s Shanghai Composite climbed 1.95% and Hong Kong’s Hang Seng Index rose 2.7%. Australia’s S&P/ASX 200 rose 0.8%, while India’s BSE Sensex rose 2.3%. Indian services PMI rose to 55.3 in February from 52.8 in the prior month, while China’s services PMI dipped to a ten-month low of 51.5 for February. Japanese services PMI rose to 46.3 in February from a final reading of 46.1 a month earlier, while Hong Kong’s private sector PMI increased to 50.0 in February from 47.8 in January. The Australian GDP increased 3.1% qoq in the fourth quarter, while services PMI fell to 53.4 in February from 55.6 in the prior month.CurrenciesThe Bloomberg Dollar Spot Index gained 0.1%.The euro fell 0.2% to $1.2063.The British pound was little changed at $1.3952.The onshore yuan strengthened 0.1% to 6.465 per dollar.The Japanese yen weakened 0.3% to 107 per dollar.BondsThe yield on 10-year Treasuries advanced five basis points to 1.44%.The yield on two-year Treasuries climbed less than one basis point to 0.13%.Germany’s 10-year yield gained two basis points to -0.33%.Britain’s 10-year yield advanced three basis points to 0.719%.Japan’s 10-year yield dipped one basis point to 0.119%.CommoditiesWest Texas Intermediate crude advanced 1.9% to $60.87 a barrel.Brent crude increased 1.9% to $63.87 a barrel.Gold weakened 0.9% to $1,722.81 an ounce.Bitcoin PriceBitcoin jumped more than 6% to climb above $50,000 and to its highest in a week.GoldGold, on the other hand, slipped 0.8%.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":288,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":363194153,"gmtCreate":1614098576172,"gmtModify":1634551167694,"author":{"id":"3572861107908339","authorId":"3572861107908339","name":"trilley","avatar":"https://static.tigerbbs.com/6c51ac04fd79bc0c74ec3f237b6e91d1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572861107908339","authorIdStr":"3572861107908339"},"themes":[],"htmlText":"....","listText":"....","text":"....","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/363194153","repostId":"1198320495","repostType":4,"isVote":1,"tweetType":1,"viewCount":284,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165705075,"gmtCreate":1624156614097,"gmtModify":1634010134000,"author":{"id":"3572861107908339","authorId":"3572861107908339","name":"trilley","avatar":"https://static.tigerbbs.com/6c51ac04fd79bc0c74ec3f237b6e91d1","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3572861107908339","authorIdStr":"3572861107908339"},"themes":[],"htmlText":"Great 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