PK888的个人主页 - 老虎社区

PK888

PK888

暂无个人介绍

IP属地：未知

3关注

0粉丝

3主题

0勋章

2021-03-30

What do you think Mi phone ?

抱歉，原内容已删除

2021-03-30

👍

抱歉，原内容已删除

2021-03-25

$XPeng Inc.(XPEV)$这

2021-03-23

Good !

Some “meme” stocks are slipping<blockquote>一些“模因”股票正在下滑</blockquote>

2021-03-20

[难过]

抱歉，原内容已删除

2021-03-18

Bitcoin to the moon !

抱歉，原内容已删除

2021-03-18

Buy other stock ? As a CEO please say something positive to boost the price !

抱歉，原内容已删除

2021-03-18

Wow

Disney stocks soared, after Disney CEO Bob Chapek says Disneyland to reopen on April 30<blockquote>迪士尼首席执行官鲍勃·查佩克表示迪士尼乐园将于4月30日重新开放后，迪士尼股价飙升</blockquote>

2021-03-17

$XPeng Inc.(XPEV)$😭😅

2021-03-16

$Roblox Corporation(RBLX)$What do you think a good entry point ?

2021-03-16

Good info

"We Are Sitting On An Incredibly Important Turning Point"<blockquote>“我们正处于一个极其重要的转折点”</blockquote>

2021-03-16

Great !

Elon Musk Is Now the ‘Technoking’ of Tesla. What’s Behind the Name.<blockquote>Elon Musk现在是特斯拉的“技术之王”。名字背后是什么。</blockquote>

2021-03-15

Have both and in double digit red, when is it going to recover

Better Buy: NIO vs. XPeng Motors<blockquote>更值得购买：蔚来与小鹏汽车</blockquote>

2021-03-15

$American Airlines(AAL)$And premaerket looks good

2021-03-14

[惊讶]

抱歉，原内容已删除

2021-03-14

It will up again

Tesla Stock Is Down. You Could Blame Joe Biden.<blockquote>特斯拉股价下跌。你可以责怪乔·拜登。</blockquote>

2021-03-13

$American Airlines(AAL)$Finally green for me

2021-03-12

Well, drop again today 😭

EV Stocks are blazing hot, once again.<blockquote>电动汽车股票再次火爆。</blockquote>

2021-03-12

Good news

抱歉，原内容已删除

2021-03-11

$Roblox Corporation(RBLX)$Buy n hold

去老虎APP查看更多动态

{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"3575275811040995","uuid":"3575275811040995","gmtCreate":1612181788427,"gmtModify":1615468258856,"name":"PK888","pinyin":"pk888","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":0,"headSize":3,"tweetSize":32,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":3,"name":"书生虎","nameTw":"書生虎","represent":"努力向上","factor":"发布10条非转发主帖,其中5条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":3,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":null,"userBadges":[{"badgeId":"e50ce593bb40487ebfb542ca54f6a561-1","templateUuid":"e50ce593bb40487ebfb542ca54f6a561","name":"出道虎友","description":"加入老虎社区500天","bigImgUrl":"https://static.tigerbbs.com/0e4d0ca1da0456dc7894c946d44bf9ab","smallImgUrl":"https://static.tigerbbs.com/0f2f65e8ce4cfaae8db2bea9b127f58b","grayImgUrl":"https://static.tigerbbs.com/c5948a31b6edf154422335b265235809","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.06.22","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"518b5610c3e8410da5cfad115e4b0f5a-1","templateUuid":"518b5610c3e8410da5cfad115e4b0f5a","name":"实盘交易者","description":"完成一笔实盘交易","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":2,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":11,"crmLevelSwitch":0,"location":"未知","starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":355540195,"gmtCreate":1617090216317,"gmtModify":1634522714035,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275811040995","authorIdStr":"3575275811040995"},"themes":[],"htmlText":"What do you think Mi phone ?","listText":"What do you think Mi phone ?","text":"What do you think Mi phone ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/355540195","repostId":"1196597601","repostType":4,"isVote":1,"tweetType":1,"viewCount":1556,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355540048,"gmtCreate":1617090175184,"gmtModify":1634522714257,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275811040995","authorIdStr":"3575275811040995"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355540048","repostId":"1165495068","repostType":4,"isVote":1,"tweetType":1,"viewCount":3060,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351406663,"gmtCreate":1616616237752,"gmtModify":1634524925810,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275811040995","authorIdStr":"3575275811040995"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>这","listText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>这","text":"$XPeng Inc.(XPEV)$这","images":[{"img":"https://static.tigerbbs.com/8d42dd3199db6c24acd632a1b631922b","width":"640","height":"909"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/351406663","isVote":1,"tweetType":1,"viewCount":2505,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":353061424,"gmtCreate":1616432300268,"gmtModify":1634525837348,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275811040995","authorIdStr":"3575275811040995"},"themes":[],"htmlText":"Good !&nbsp;","listText":"Good !&nbsp;","text":"Good !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/353061424","repostId":"1115438167","repostType":4,"repost":{"id":"1115438167","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":1616423750,"share":"https://www.laohu8.com/m/news/1115438167?lang=zh_CN&edition=full","pubTime":"2021-03-22 22:35","market":"us","language":"en","title":"Some “meme” stocks are slipping<blockquote>一些“模因”股票正在下滑</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1115438167","media":"Tiger Newspress","summary":"Some “meme” stocks are slipping in Monday trading,AMC Entertainment stock fall 13%,the shares of Sundial Growers drop 7%,GameStop Corp. stock is down 2%.These stocks are identified as a potential gamble using methodology from recently published research paper—from Alok Kumar of the University of Miami, Houng Nguyen of the University of Danang, and Talis Putnins at the University of Technology Sydney and Stockholm School of Economics. The group proposed looking at the average volume over 30 days ","content":"<p>Some&nbsp;“meme”&nbsp;stocks&nbsp;are&nbsp;slipping&nbsp;in&nbsp;Monday&nbsp;trading,AMC&nbsp;Entertainment&nbsp;stock&nbsp;fall&nbsp;13%,the&nbsp;shares&nbsp;of&nbsp;Sundial&nbsp;Growers&nbsp;drop&nbsp;7%,GameStop&nbsp;Corp.&nbsp;stock&nbsp;is&nbsp;down&nbsp;2%.</p><p><blockquote>一些“模因”股票在周一交易中下跌，AMC Entertainment股票下跌13%，Sundial Growers股票下跌7%，游戏驿站公司股票下跌2%。</blockquote></p><p>These stocks are identified as a potential gamble using methodology from recently published research paper—from Alok Kumar of the University of Miami, Houng Nguyen of the University of Danang, and Talis Putnins at the University of Technology Sydney and Stockholm School of Economics. The group proposed looking at the average volume over 30 days compared to market cap as a way of determining what they called lottery stocks.</p><p><blockquote>使用迈阿密大学的Alok Kumar、岘港大学的Houng Nguyen以及悉尼科技大学和斯德哥尔摩经济学院的Talis Putnins最近发表的研究论文中的方法，这些股票被确定为潜在的赌博。该小组建议将30天内的平均交易量与市值进行比较，以此来确定他们所谓的彩票股票。</blockquote></p><p><img src=\"https://static.tigerbbs.com/de78ffef1bc7540f75fca0332d31e69c\" tg-width=\"371\" tg-height=\"592\" referrerpolicy=\"no-referrer\"></p><p><blockquote></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>Some “meme” stocks are slipping<blockquote>一些“模因”股票正在下滑</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\">\nSome “meme” stocks are slipping<blockquote>一些“模因”股票正在下滑</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\">2021-03-22 22:35</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Some&nbsp;“meme”&nbsp;stocks&nbsp;are&nbsp;slipping&nbsp;in&nbsp;Monday&nbsp;trading,AMC&nbsp;Entertainment&nbsp;stock&nbsp;fall&nbsp;13%,the&nbsp;shares&nbsp;of&nbsp;Sundial&nbsp;Growers&nbsp;drop&nbsp;7%,GameStop&nbsp;Corp.&nbsp;stock&nbsp;is&nbsp;down&nbsp;2%.</p><p><blockquote>一些“模因”股票在周一交易中下跌，AMC Entertainment股票下跌13%，Sundial Growers股票下跌7%，游戏驿站公司股票下跌2%。</blockquote></p><p>These stocks are identified as a potential gamble using methodology from recently published research paper—from Alok Kumar of the University of Miami, Houng Nguyen of the University of Danang, and Talis Putnins at the University of Technology Sydney and Stockholm School of Economics. The group proposed looking at the average volume over 30 days compared to market cap as a way of determining what they called lottery stocks.</p><p><blockquote>使用迈阿密大学的Alok Kumar、岘港大学的Houng Nguyen以及悉尼科技大学和斯德哥尔摩经济学院的Talis Putnins最近发表的研究论文中的方法，这些股票被确定为潜在的赌博。该小组建议将30天内的平均交易量与市值进行比较，以此来确定他们所谓的彩票股票。</blockquote></p><p><img src=\"https://static.tigerbbs.com/de78ffef1bc7540f75fca0332d31e69c\" tg-width=\"371\" tg-height=\"592\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线","SNDL":"SNDL Inc.","GME":"游戏驿站"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115438167","content_text":"Some “meme” stocks are slipping in Monday trading,AMC Entertainment stock fall 13%,the shares of Sundial Growers drop 7%,GameStop Corp. stock is down 2%.These stocks are identified as a potential gamble using methodology from recently published research paper—from Alok Kumar of the University of Miami, Houng Nguyen of the University of Danang, and Talis Putnins at the University of Technology Sydney and Stockholm School of Economics. The group proposed looking at the average volume over 30 days compared to market cap as a way of determining what they called lottery stocks.","news_type":1,"symbols_score_info":{"NAKD":0.9,"SNDL":0.9,"AMC":0.9,"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":2571,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350815025,"gmtCreate":1616176992767,"gmtModify":1634526847276,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275811040995","authorIdStr":"3575275811040995"},"themes":[],"htmlText":"[难过]&nbsp;","listText":"[难过]&nbsp;","text":"[难过]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/350815025","repostId":"1132724682","repostType":4,"isVote":1,"tweetType":1,"viewCount":2746,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":324584658,"gmtCreate":1616009700174,"gmtModify":1703496321733,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275811040995","authorIdStr":"3575275811040995"},"themes":[],"htmlText":"Bitcoin to the moon !&nbsp;","listText":"Bitcoin to the moon !&nbsp;","text":"Bitcoin to the moon !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/324584658","repostId":"1102193342","repostType":4,"isVote":1,"tweetType":1,"viewCount":1942,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324584815,"gmtCreate":1616009624137,"gmtModify":1703496321904,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275811040995","authorIdStr":"3575275811040995"},"themes":[],"htmlText":"Buy other stock ? As a CEO please say something positive to boost the price !&nbsp;","listText":"Buy other stock ? As a CEO please say something positive to boost the price !&nbsp;","text":"Buy other stock ? As a CEO please say something positive to boost the price !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/324584815","repostId":"1179894269","repostType":4,"isVote":1,"tweetType":1,"viewCount":3323,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324585520,"gmtCreate":1616009476560,"gmtModify":1703496320512,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275811040995","authorIdStr":"3575275811040995"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/324585520","repostId":"1184930969","repostType":4,"repost":{"id":"1184930969","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":1615995220,"share":"https://www.laohu8.com/m/news/1184930969?lang=zh_CN&edition=full","pubTime":"2021-03-17 23:33","market":"us","language":"en","title":"Disney stocks soared, after Disney CEO Bob Chapek says Disneyland to reopen on April 30<blockquote>迪士尼首席执行官鲍勃·查佩克表示迪士尼乐园将于4月30日重新开放后，迪士尼股价飙升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184930969","media":"Tiger Newspress","summary":"California's twoDisneytheme parks will reopen on April 30, CEO Bob Chapek said on CNBC's \"Squawk Alley\" Wednesday.All theme parks in California have been closed due to Covid-related restrictions for the past year. While guidelines in other states, like Florida, allowed parks to reopen with limited capacity, California's rules have kept theme parks big and small shuttered.However, new state guidance permits amusement parks to reopen beginning April 1 with 15% to 35% capacity depending on the prev","content":"<p>(March 17)&nbsp;Disney stocks soared, after Disney CEO Bob Chapek says Disneyland to reopen on April 30.</p><p><blockquote>（3月17日）迪士尼股票飙升，此前迪士尼首席执行官鲍勃·查佩克表示迪士尼乐园将于4月30日重新开放。</blockquote></p><p><img src=\"https://static.tigerbbs.com/db430141c5946bb77728ce504ac1dc81\" tg-width=\"685\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>California's twoDisneytheme parks will reopen on April 30, CEO Bob Chapek said on CNBC's \"Squawk Alley\" Wednesday.</p><p><blockquote>加州的两个迪士尼主题公园将于4月30日重新开放，首席执行官鲍勃·查佩克(Bob Chapek)周三在CNBC的“Squawk Alley”节目中表示。</blockquote></p><p>All theme parks in California have been closed due to Covid-related restrictions for the past year. While guidelines in other states, like Florida, allowed parks to reopen with limited capacity, California's rules have kept theme parks big and small shuttered.</p><p><blockquote>由于过去一年与Covid相关的限制，加州的所有主题公园都已关闭。虽然佛罗里达州等其他州的指导方针允许公园在容量有限的情况下重新开放，但加利福尼亚州的规定却让大大小小的主题公园关闭。</blockquote></p><p>However,&nbsp;new state guidance&nbsp;permits amusement parks to reopen beginning April 1 with 15% to 35% capacity depending on the prevalence of the virus in the community. Masks and other health precautions will be required.</p><p><blockquote>然而，新的州指导允许游乐园从4月1日开始以15%至35%的容量重新开放，这取决于病毒在社区中的流行情况。将需要口罩和其他健康预防措施。</blockquote></p><p>California is reporting just under 2,900 new Covid-19 cases per day, based on a weekly average, a near 32% decline compared with a week ago, according to a CNBC analysis of data compiled by Johns Hopkins University. The rate of new Covid cases has been on the decline as more people have been getting vaccinated. With ramp ups in supply and acces, on average about 2.4 million people are getting vaccinated daily in the U.S.</p><p><blockquote>根据CNBC对约翰·霍普金斯大学汇编的数据的分析，按周平均值计算，加州每天报告近2,900例新的Covid-19病例，与一周前相比下降了近32%。随着越来越多的人接种疫苗，新的Covid病例率一直在下降。随着供应和获取的增加，美国平均每天约有240万人接种疫苗。</blockquote></p><p>Orange County, where Disneyland and California Adventure are located, are seeing four new cases a day per 100,000 residents. At its peak, the county saw 118 new cases a day per 100,000 people back in mid-January.</p><p><blockquote>迪士尼乐园和加州冒险乐园所在的奥兰治县每天每10万居民中有4例新病例。在1月中旬的高峰期，该县每天每10万人中有118例新病例。</blockquote></p><p>The shutdown last year led Disney tolay off tens of thousands of workers&nbsp;and slashed an important source of revenue for the media company. The parks, experiences and consumer products segment accounted for 37% of the company's $69.6 billion in total revenue in 2019, or around $26.2 billion.</p><p><blockquote>去年的关闭导致迪士尼解雇了数万名员工，并削减了这家媒体公司的重要收入来源。公园、体验和消费品部门占该公司2019年696亿美元总收入的37%，约合262亿美元。</blockquote></p><p>A year later, revenue shrunk to $16.5 billion, or around 25% of the company's $65.4 billion in total revenue.</p><p><blockquote>一年后，收入萎缩至165亿美元，约占公司654亿美元总收入的25%。</blockquote></p><p>During the company's fiscal first-quarter earnings call, Chief Financial Officer Christine McCarthy said that for the parks that have been open during the pandemic, the company was able to make a profit from the guests who visited despite reduced capacity levels.</p><p><blockquote>在该公司第一财季财报看涨期权上，首席财务官Christine McCarthy表示，对于在疫情期间开放的公园，尽管容量水平下降，该公司仍能够从参观的游客中获利。</blockquote></p><p>As parks expand capacity and reopen, there will be some level of social distancing and mask wearing for the rest of the year.</p><p><blockquote>随着公园扩大容量和重新开放，今年剩下的时间里将会有一定程度的社交距离和戴口罩。</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>Disney stocks soared, after Disney CEO Bob Chapek says Disneyland to reopen on April 30<blockquote>迪士尼首席执行官鲍勃·查佩克表示迪士尼乐园将于4月30日重新开放后，迪士尼股价飙升</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\">\nDisney stocks soared, after Disney CEO Bob Chapek says Disneyland to reopen on April 30<blockquote>迪士尼首席执行官鲍勃·查佩克表示迪士尼乐园将于4月30日重新开放后，迪士尼股价飙升</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\">2021-03-17 23:33</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(March 17)&nbsp;Disney stocks soared, after Disney CEO Bob Chapek says Disneyland to reopen on April 30.</p><p><blockquote>（3月17日）迪士尼股票飙升，此前迪士尼首席执行官鲍勃·查佩克表示迪士尼乐园将于4月30日重新开放。</blockquote></p><p><img src=\"https://static.tigerbbs.com/db430141c5946bb77728ce504ac1dc81\" tg-width=\"685\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>California's twoDisneytheme parks will reopen on April 30, CEO Bob Chapek said on CNBC's \"Squawk Alley\" Wednesday.</p><p><blockquote>加州的两个迪士尼主题公园将于4月30日重新开放，首席执行官鲍勃·查佩克(Bob Chapek)周三在CNBC的“Squawk Alley”节目中表示。</blockquote></p><p>All theme parks in California have been closed due to Covid-related restrictions for the past year. While guidelines in other states, like Florida, allowed parks to reopen with limited capacity, California's rules have kept theme parks big and small shuttered.</p><p><blockquote>由于过去一年与Covid相关的限制，加州的所有主题公园都已关闭。虽然佛罗里达州等其他州的指导方针允许公园在容量有限的情况下重新开放，但加利福尼亚州的规定却让大大小小的主题公园关闭。</blockquote></p><p>However,&nbsp;new state guidance&nbsp;permits amusement parks to reopen beginning April 1 with 15% to 35% capacity depending on the prevalence of the virus in the community. Masks and other health precautions will be required.</p><p><blockquote>然而，新的州指导允许游乐园从4月1日开始以15%至35%的容量重新开放，这取决于病毒在社区中的流行情况。将需要口罩和其他健康预防措施。</blockquote></p><p>California is reporting just under 2,900 new Covid-19 cases per day, based on a weekly average, a near 32% decline compared with a week ago, according to a CNBC analysis of data compiled by Johns Hopkins University. The rate of new Covid cases has been on the decline as more people have been getting vaccinated. With ramp ups in supply and acces, on average about 2.4 million people are getting vaccinated daily in the U.S.</p><p><blockquote>根据CNBC对约翰·霍普金斯大学汇编的数据的分析，按周平均值计算，加州每天报告近2,900例新的Covid-19病例，与一周前相比下降了近32%。随着越来越多的人接种疫苗，新的Covid病例率一直在下降。随着供应和获取的增加，美国平均每天约有240万人接种疫苗。</blockquote></p><p>Orange County, where Disneyland and California Adventure are located, are seeing four new cases a day per 100,000 residents. At its peak, the county saw 118 new cases a day per 100,000 people back in mid-January.</p><p><blockquote>迪士尼乐园和加州冒险乐园所在的奥兰治县每天每10万居民中有4例新病例。在1月中旬的高峰期，该县每天每10万人中有118例新病例。</blockquote></p><p>The shutdown last year led Disney tolay off tens of thousands of workers&nbsp;and slashed an important source of revenue for the media company. The parks, experiences and consumer products segment accounted for 37% of the company's $69.6 billion in total revenue in 2019, or around $26.2 billion.</p><p><blockquote>去年的关闭导致迪士尼解雇了数万名员工，并削减了这家媒体公司的重要收入来源。公园、体验和消费品部门占该公司2019年696亿美元总收入的37%，约合262亿美元。</blockquote></p><p>A year later, revenue shrunk to $16.5 billion, or around 25% of the company's $65.4 billion in total revenue.</p><p><blockquote>一年后，收入萎缩至165亿美元，约占公司654亿美元总收入的25%。</blockquote></p><p>During the company's fiscal first-quarter earnings call, Chief Financial Officer Christine McCarthy said that for the parks that have been open during the pandemic, the company was able to make a profit from the guests who visited despite reduced capacity levels.</p><p><blockquote>在该公司第一财季财报看涨期权上，首席财务官Christine McCarthy表示，对于在疫情期间开放的公园，尽管容量水平下降，该公司仍能够从参观的游客中获利。</blockquote></p><p>As parks expand capacity and reopen, there will be some level of social distancing and mask wearing for the rest of the year.</p><p><blockquote>随着公园扩大容量和重新开放，今年剩下的时间里将会有一定程度的社交距离和戴口罩。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fcabf75ca25b5c2a5767c559e42702f8","relate_stocks":{"DIS":"迪士尼"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184930969","content_text":"(March 17) Disney stocks soared, after Disney CEO Bob Chapek says Disneyland to reopen on April 30.California's twoDisneytheme parks will reopen on April 30, CEO Bob Chapek said on CNBC's \"Squawk Alley\" Wednesday.All theme parks in California have been closed due to Covid-related restrictions for the past year. While guidelines in other states, like Florida, allowed parks to reopen with limited capacity, California's rules have kept theme parks big and small shuttered.However, new state guidance permits amusement parks to reopen beginning April 1 with 15% to 35% capacity depending on the prevalence of the virus in the community. Masks and other health precautions will be required.California is reporting just under 2,900 new Covid-19 cases per day, based on a weekly average, a near 32% decline compared with a week ago, according to a CNBC analysis of data compiled by Johns Hopkins University. The rate of new Covid cases has been on the decline as more people have been getting vaccinated. With ramp ups in supply and acces, on average about 2.4 million people are getting vaccinated daily in the U.S.Orange County, where Disneyland and California Adventure are located, are seeing four new cases a day per 100,000 residents. At its peak, the county saw 118 new cases a day per 100,000 people back in mid-January.The shutdown last year led Disney tolay off tens of thousands of workers and slashed an important source of revenue for the media company. The parks, experiences and consumer products segment accounted for 37% of the company's $69.6 billion in total revenue in 2019, or around $26.2 billion.A year later, revenue shrunk to $16.5 billion, or around 25% of the company's $65.4 billion in total revenue.During the company's fiscal first-quarter earnings call, Chief Financial Officer Christine McCarthy said that for the parks that have been open during the pandemic, the company was able to make a profit from the guests who visited despite reduced capacity levels.As parks expand capacity and reopen, there will be some level of social distancing and mask wearing for the rest of the year.","news_type":1,"symbols_score_info":{"DIS":0.9}},"isVote":1,"tweetType":1,"viewCount":3228,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324280502,"gmtCreate":1615994636306,"gmtModify":1703496170350,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275811040995","authorIdStr":"3575275811040995"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>😭😅","listText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>😭😅","text":"$XPeng Inc.(XPEV)$😭😅","images":[{"img":"https://static.tigerbbs.com/407a1059634be7d1daa479f9e65ea661","width":"640","height":"909"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/324280502","isVote":1,"tweetType":1,"viewCount":3547,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":325211704,"gmtCreate":1615901925108,"gmtModify":1703494731830,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275811040995","authorIdStr":"3575275811040995"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/RBLX\">$Roblox Corporation(RBLX)$</a>What do you think a good entry point ?&nbsp;","listText":"<a href=\"https://laohu8.com/S/RBLX\">$Roblox Corporation(RBLX)$</a>What do you think a good entry point ?&nbsp;","text":"$Roblox Corporation(RBLX)$What do you think a good entry point ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":1,"link":"https://laohu8.com/post/325211704","isVote":1,"tweetType":1,"viewCount":1387,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325232801,"gmtCreate":1615901637103,"gmtModify":1703494720966,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275811040995","authorIdStr":"3575275811040995"},"themes":[],"htmlText":"Good info","listText":"Good info","text":"Good info","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/325232801","repostId":"1127134490","repostType":4,"repost":{"id":"1127134490","kind":"news","pubTimestamp":1615889741,"share":"https://www.laohu8.com/m/news/1127134490?lang=zh_CN&edition=full","pubTime":"2021-03-16 18:15","market":"us","language":"en","title":"\"We Are Sitting On An Incredibly Important Turning Point\"<blockquote>“我们正处于一个极其重要的转折点”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1127134490","media":"zerohedge","summary":"Last week in hislatest Doubleline webcast, Jeff Gundlach presented a remarkable chart, one showing that the ratio of the Nasdaq to the S&P 500 has been pulled lower  and is now right on its dot com bubble peak levels.Picking up on this chart, over the weekend in his latestBear Traps Report, Larry McDonald wrote that \"we are sitting on an incredibly important turning point\"adding that \"the world’s first and second most liquid and arguably most important stock indices are sending important rotatio","content":"<p>Last week in hislatest Doubleline webcast, Jeff Gundlach presented a remarkable chart, one showing that the ratio of the Nasdaq to the S&amp;P 500 has been pulled lower (due to Nasdaq underperformance coupled with strength in value stocks) and is now right on its dot com bubble peak levels.</p><p><blockquote>上周，杰夫·冈拉克(Jeff Gundlach)在他最新的Doubleline网络广播中展示了一张引人注目的图表，其中显示纳斯达克与标普500的比率已被拉低（由于纳斯达克表现不佳加上价值股走强），目前正处于网络泡沫峰值水平。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bb4617081a74b98cbab2c1287942cb9e\" tg-width=\"500\" tg-height=\"357\">Picking up on this chart, over the weekend in his latestBear Traps Report, Larry McDonald wrote that \"<b>we are sitting on an incredibly important turning point\"</b>adding that \"<b>the world’s first and second most liquid and arguably most important stock indices are sending important rotation signals.</b>In our view, both tech and growth equities outperformance run is over and the rotation to value and commodity exposed equities has begun.\"</p><p><blockquote>拉里·麦克唐纳(Larry McDonald)在周末最新的《熊陷阱》报告中看到了这张图表，写道：“<b>我们正处于一个极其重要的转折点”</b>补充说“<b>全球第一和第二流动性最强、可以说是最重要的股指正在发出重要的轮动信号。</b>我们认为，科技股和成长股的优异表现已经结束，向价值股和大宗商品股的轮动已经开始。”</blockquote></p><p> AsBloomberg notes, while recent single-day rallies (4% on Tuesday and 2.4% on Thursday) lifted the Nasdaq 100 to its first gain in four weeks, they’re not calming nerves. After all, big up days are not uncommon during a downtrend.<b>In 2000, when the market started a three-year crash, the index had 27 sessions where it rose at least 4%. That compared with six such days in 1999, when prices doubled.</b></p><p><blockquote>正如彭博社指出的那样，虽然最近的单日上涨（周二上涨4%，周四上涨2.4%）将纳斯达克100指数推升至四周以来的首次上涨，但它们并没有安抚人们的神经。毕竟，在下跌趋势中，大幅上涨的日子并不罕见。<b>2000年，当市场开始为期三年的崩盘时，该指数有27个交易日上涨至少4%。相比之下，1999年有六天这样的日子，当时价格翻了一番。</b></blockquote></p><p> “The early stages of a bear market is typically punctuated by ferocious rallies, and what matters in the end is how far the rallies extend and not how quickly they move within a single session,” said Michael Shaoul, chief executive officer at Marketfield Asset Management LLC. “<b>Evidence continues to mount that the technology sector has finally relinquished its position as key global leadership.\"</b></p><p><blockquote>Marketfield Asset Management LLC首席执行官Michael Shaoul表示：“熊市的早期阶段通常会出现猛烈的反弹，最终重要的是反弹会持续多远，而不是它们在单个交易日内的移动速度。”<b>越来越多的证据表明，科技行业最终放弃了其全球关键领导地位。”</b></blockquote></p><p> That’s raising alarms for anyone who lived through the dot-com crash. Back then, when the Nasdaq 100 started falling in March 2000, the equal-weighted S&amp;P 500 kept marching forward and didn’t peak until 14 months later -- a sign that money was being shifted away from the tech behemoths that soared in the internet bubble.<b>Ultimately, the Nasdaq 100 lost half of its value</b>.</p><p><blockquote>这给任何经历过互联网泡沫破裂的人敲响了警钟。当时，当纳斯达克100指数于2000年3月开始下跌时，等权重标普500不断前进，直到14个月后才见顶——这表明资金正在从互联网泡沫中飙升的科技巨头手中转移。<b>最终，纳斯达克100指数损失了一半的价值</b>.</blockquote></p><p>   <b>“People should not take solace in the fact that almost everything else besides the tech group is acting well,</b>” said Matt Maley, chief market strategist at Miller Tabak + Co.  <b>“If the tech group continues to underperform, it’s going to weigh on the rest of the stock market eventually.”</b>  A rotation out of growth and tech will only accelerate depending on what Powell says on Thursday, especially if he doesn't sound sufficient dovish and spooks markets again, triggering another bond rout, which by extension means a selloff in growth stocks which - as we have noted on many previous occasions -<b>have near record high duration and are thus merely bond proxies to which hedge funds have never been more exposed.</b></p><p><blockquote><b>“人们不应该因为除了科技集团之外几乎所有其他公司都表现良好而感到安慰，</b>”Miller Tabak+Co.首席市场策略师Matt Maley说道。<b>“如果科技集团继续表现不佳，最终将给股市的其他部分带来压力。”</b>根据鲍威尔周四的言论，成长股和科技股的轮动只会加速，特别是如果他听起来不够鸽派并再次惊动市场，引发另一场债券暴跌，这反过来意味着成长股的抛售——正如我们在之前的许多场合指出的那样——<b>久期接近历史最高水平，因此只是对冲基金从未接触过的债券代理。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/80c176f70232a97f988ba92c84c6836d\" tg-width=\"500\" tg-height=\"201\">However, while all eyes were on the 10-Year during the late February \"reflation panic\" selloff which was sparked by a liquidation cascade in bonds once the 10Y breached 1.50%, the place on the Treasury curve where the next liquidation cascade could begin is now the belly, because asBloomberg writeswhereas back in December the thought was that the Federal Reserve might tamp down long-term Treasury yields, the issue now lies with shorter-dated ones, and specifically<b>5-year rates.</b></p><p><blockquote>然而，尽管在2月底的“通货再膨胀恐慌”抛售期间，所有人的目光都集中在10年期债券一旦突破1.50%，债券就会出现清算级联，但国债曲线上下一次清算级联可能开始的地方现在是腹部，因为正如彭博社所写，早在12月份，人们就认为美联储可能会压低长期国债收益率，而现在的问题在于短期国债收益率，特别是<b>5年期利率。</b></blockquote></p><p> Yields on that maturity have become unanchored in recent weeks, surging above the previous \"red line\" of 0.75% amid speculation that the<b>Fed will need to start a cycle of rate hikes perhaps a full year earlier than officials have indicated.</b>That shift has also roiled the outlook for a classic iteration of the reflation wager, a widening gap between 5- and 30-year yields, even as the narrative of a stimulus-fueled recovery has only gained momentum.</p><p><blockquote>最近几周，该期限的收益率已变得不稳定，飙升至之前0.75%的“红线”之上，因为人们猜测<b>美联储可能需要比官员们表示的提前一整年开始加息周期。</b>这种转变还扰乱了通货再膨胀赌注经典迭代的前景，即5年期和30年期收益率之间的差距不断扩大，尽管刺激推动的复苏的说法才刚刚获得动力。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0c4be02c3e2224fb5edfb0e0ed77bcac\" tg-width=\"500\" tg-height=\"267\"><b>\"The Fed next week will have to walk a fine line between either pushing back against market expectations or allowing them to stand,\"</b>said Kevin Walter, co-head of global Treasuries trading for Barclays. Without Fed pushback \"there might be more pressure on the belly of the curve,\" in which case the best steepeners would be the spreads between 2-year yields versus 5- and 7-year rates that have room to rise as traders price in tightening.</p><p><blockquote><b>“美联储下周将不得不在违背市场预期或允许市场预期之间徘徊。”</b>巴克莱全球国债交易联席主管凯文·沃尔特表示。如果没有美联储的抵制，“曲线腹部可能会有更多压力”，在这种情况下，最好的陡峭化因素将是2年期国债收益率与5年期和7年期国债收益率之间的利差，随着交易员定价收紧，利差还有上升空间。</blockquote></p><p> And while most investment bank research divisions, and certainly the Fed, do not expect any liftoff until at least 2023,<b>the swaps market has been reflecting a roughly 75% chance the Fed lifts rates from near zero by around the end of 2022.</b>Indeed, Walter expects no major policy changes next week and anticipates that officials will continue to project rates on hold through 2023, however even doing nothing may force another round of selling amid the recent bout of soaring inflation, one seen as a push by the market to force Powell into some form of Yield Curve Control.</p><p><blockquote>尽管大多数投资银行研究部门，当然还有美联储，预计至少要到2023年才会出现任何提振，<b>掉期市场反映出美联储在2022年底左右将利率从接近零的水平上调的可能性约为75%。</b>事实上，沃尔特预计下周不会有重大政策变化，并预计官员们将在2023年之前继续维持利率不变，但在最近一轮通胀飙升的情况下，即使什么都不做也可能迫使另一轮抛售，这被视为市场的推动迫使鲍威尔进行某种形式的收益率曲线控制。</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/148711c8ea3822a0af209f086802c068\" tg-width=\"500\" tg-height=\"263\">On the remote chance that the Fed does signal some 2023 hikes next week,<b>the market will probably bring expectations for rate increases into the first half of 2022 and the 1-year-forward 5-year rate could increase 50 basis points, Peter Chatwell, head of multi-asset strategy for Mizuho International Plc,</b>said in an emailed note. It would also lead to renewed rotation out of growth and into value, further depressing the Nasdaq to SPX chart shown above.</p><p><blockquote>美联储下周确实发出2023年加息信号的可能性很小，<b>瑞穗国际(Mizuho International Plc)多资产策略主管Peter Chatwell表示，市场可能会将加息预期带入2022年上半年，1年期远期5年期利率可能会上调50个基点，</b>在一封电子邮件中说。这还将导致从增长到价值的重新轮动，进一步压低上面显示的纳斯达克到SPX的图表。</blockquote></p><p> That said, most don't expect Powell to address the continued selling in either the long-end or more recently, the belly - the Fed chair gave only a minor reference to the bond-market slump that drove 10-year yields above 1.6%. He emphasized the importance of financial conditions, which remain accommodative, although tech stocks did sink on Friday as yields surged.</p><p><blockquote>也就是说，大多数人预计鲍威尔不会解决长期或最近的腹部持续抛售问题——这位美联储主席只略微提及了推动10年期国债收益率突破1.6%的债券市场暴跌。他强调了金融状况的重要性，尽管随着收益率飙升，科技股周五确实下跌，但金融状况仍然宽松。</blockquote></p><p> None of this will help ease inflation fears as the market fears the Fed is rapidly falling behind the curve. As we noted last week, 5Y inflation expectations at the highest since 2008 and robust jobs data have only reinforced bets that the Fed will need to tighten more quickly than it’s been forecasting. The speculation has squeezed wagers on a steeper curve from 5 to 30 years, shrinking that spread to a bit above 150 basis points, from a more than 6-year high of 167 in February. The 5-year yield at 0.84% isn’t far below its highest level since last year. But at the same time, the 2-year has remained near historic lows on the view that the Fed will hold rates near zero for the immediate future. That’s kept bets on the widely watched spread to the 10-year rate in play, as well as versus other maturities, such as the 5- and 7-year.</p><p><blockquote>这些都无助于缓解通胀担忧，因为市场担心美联储正在迅速落后于曲线。正如我们上周指出的，5年期通胀预期达到2008年以来的最高水平以及强劲的就业数据只会强化人们对美联储需要比预期更快收紧政策的押注。这种猜测挤压了对5年至30年更陡峭曲线的押注，将利差从2月份的6年多高点167个基点缩小至略高于150个基点。5年期国债收益率为0.84%，远低于去年以来的最高水平。但与此同时，由于美联储将在不久的将来将利率维持在接近零的水平，2年期国债仍接近历史低点。这使得人们对广受关注的10年期利率利差以及与5年期和7年期等其他期限利率利差的押注继续发挥作用。</blockquote></p><p> And with the front-end anchored for a long, long time, the question then becomes what is the most lucrative steepener trade. “Some steepeners are better than others,” said Patrick Leary, senior trader and chief market strategist for Incapital. He expects the 2s10s to keep widening, but has taken profits on steepeners and is looking for a better point to re-enter. Other see potential in the 5- to 30-year steepener. TD Securities has recommended entering that bet at 146.5 basis points, targeting 170, based on what it said was a high bar for hikes and the prospect of elevated coupon supply.</p><p><blockquote>随着前端锚定很长很长一段时间，问题就变成了什么是最有利可图的陡峭交易。Incapital高级交易员兼首席市场策略师帕特里克·利里(Patrick Leary)表示：“有些陡峭化者比其他者更好。”他预计2s10s将继续扩大，但已在陡峭的地方获利了结，并正在寻找更好的重新进入点。其他人则看到了5至30年陡峭时期的潜力。道明证券(TD Securities)建议以146.5个基点入场，目标为170个基点，理由是加息的门槛很高以及息票供应增加的前景。</blockquote></p><p> Taking a step back, the reason why traders have been so focused on the 5-year part of the curve, i.e., \"the belly\", is because it’s seen as one place that may bear the brunt of any subsequent selloff should rate-hike speculation mount further, since the bulk of the liftoff regime is expected to take place within the maturity of a 5 Year note issued now.</p><p><blockquote>退一步说，交易员之所以如此关注曲线的5年期部分，即“腹部”，是因为如果加息投机进一步加剧，它被视为可能首当其冲遭受任何后续抛售的地方，因为大部分起飞制度预计将在现在发行的5年期票据到期后发生。</blockquote></p><p> Furthermore, as Bloomberg notes already certain corners of the market are turning their attention to the potential for multiple rate hikes.<b>In swaptions,</b><b><u>a position has emerged targeting the Fed to hike seven to eight times by March 2025, according to a Barclays analysis</u></b><b>.</b></p><p><blockquote>此外，正如彭博社指出的那样，市场的某些角落已经将注意力转向多次加息的可能性。<b>在掉期期权中，</b><b><u>巴克莱银行的分析显示，美联储的目标是到2025年3月加息七到八次</u></b><b>.</b></blockquote></p><p> There is, of course, the risk that markets have gotten ahead of themselves - the whole point of a recent RIC report from BofA, which does not see anywhere nearly enough sustained inflation to justify a 2022 rate hike, let alone 7 by 2025: “it’s possible the market may have gotten a little ahead of itself in the belly,” causing the 5-year rate to rise too much, said Jamie Anderson, head of U.S. trading for Insight Investment. If the data come in weak or the Fed is on hold for longer than expected, “the belly should rally and the curve re-steepen,” he said.</p><p><blockquote>当然，市场存在超前的风险——这就是美国银行最近发布的RIC报告的全部要点，该报告认为任何地方都没有足够的持续通胀来证明2022年加息是合理的，更不用说到2025年加息7次了：Insight Investment美国交易主管杰米·安德森(Jamie Anderson)表示，“市场可能有点超前了”，导致5年期利率上涨过多。他表示，如果数据疲软或美联储按兵不动的时间长于预期，“腹部应该会反弹，曲线会重新变陡”。</blockquote></p><p> For Incapital’s Leary, the narrowing in the 5s30s gap came on the view that officials may discuss - or even announce - a twist next week. Such an operation, involving the sale of shorter-dated holdings and purchase of longer maturities to control yields, would put more pressure on the belly, he says. That would follow the European Central Bank’s decision to ramp up its bond-buying pace.</p><p><blockquote>对于Incapital的Leary来说，5s30差距的缩小是因为官员们可能会在下周讨论甚至宣布一个转折。他表示，这种操作涉及出售短期资产并购买长期资产以控制收益率，将给腹部带来更大压力。此前，欧洲央行决定加快债券购买步伐。</blockquote></p><p> “All these trades are highly dependent on the Fed being on the sidelines and not changing its policy stance,” Leary said.<b>“The market is definitely playing a game of chicken with the Fed, by testing how high yields can get before tightening financial conditions and forcing the Fed to step in.\"</b></p><p><blockquote>Leary表示：“所有这些交易都高度依赖美联储保持观望，不改变政策立场。”<b>“市场肯定是在和美联储玩一场吃鸡的游戏，在收紧金融状况并迫使美联储介入之前，测试收益率能达到多高。”</b></blockquote></p><p> Meanwhile, even as some strategists have brushed aside the yield risk for growth stocks, claiming that tech has shown a fickle relationship with Treasuries over time, Joe Kalish, chief global macro strategist at Ned Davis Research,<b>found that since 2014, the Nasdaq 100’s forward earnings yield - the inverse of its price-earnings ratio where the higher it is, the cheaper stocks are - has moved almost in lockstep with forecast corporate bond rates.</b></p><p><blockquote>与此同时，尽管一些策略师无视成长型股票的收益率风险，声称随着时间的推移，科技股与美国国债的关系变化无常，但Ned Davis Research首席全球宏观策略师Joe Kalish表示，<b>研究发现，自2014年以来，纳斯达克100指数的远期收益率（市盈率的倒数，市盈率越高，股票越便宜）几乎与预测的公司债券利率同步变动。</b></blockquote></p><p></p><p> In his model, if 10-year Treasury yields rise to 2% this year, that in turn could drive long-term Baa-rated bond rates to 4.5%, a scenario where<b>the Nasdaq 100 would have to drop as much as 20% to stay attractive, all else equal.</b>If yields climbed but the Nasdaq didn’t move, this would indicate over-valuation, Kalish said, adding his model correctly flashed warnings in 1987 and 2000.</p><p><blockquote>在他的模型中，如果10年期美国国债收益率今年升至2%，这反过来可能会将长期Baa评级债券利率推至4.5%，在这种情况下<b>在其他条件相同的情况下，纳斯达克100指数必须下跌20%才能保持吸引力。</b>卡利什表示，如果收益率攀升但纳斯达克没有变动，这将表明估值过高，并补充说他的模型在1987年和2000年正确地发出了警告。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4e1270022eb5742b2cf2a7c328a5d897\" tg-width=\"500\" tg-height=\"380\">Also keep in mind that even after the recent drop, the price-earnings ratio of the Nasdaq 100 - at 28 - is nowhere near cheap relative to other stocks, and is a 7% premium over the S&amp;P 500.</p><p><blockquote>另请记住，即使在最近下跌之后，纳斯达克100指数的市盈率（28）相对于其他股票来说也远不便宜，比标普500溢价7%。</blockquote></p><p> Finally, the growth advantage that has sustained tech’s outperformance in all but one year since 2009 is poised to disappear - at least for the next two years - as pandemic-beaten firms like airlines and automakers roar back. Profits from software and internet companies are expected to expand 22% this year and 12% in 2022. Both lag behind the broad S&amp;P 500, where earnings are forecast to increase 24% and 15%, respectively.</p><p><blockquote>最后，随着航空公司和汽车制造商等遭受大流行打击的公司卷土重来，自2009年以来除一年外一直维持科技股优异表现的增长优势即将消失——至少在未来两年是这样。软件和互联网公司的利润预计今年将增长22%，2022年将增长12%。两者都落后于广泛的标普500，后者的盈利预计分别增长24%和15%。</blockquote></p><p> So going back to the top chart, and with Nasdaq 100 knocking on the door of its relative peak, it’d be a mistake not to consider the downside risk, according to Jim Paulsen, chief investment strategist at Leuthold Group.</p><p><blockquote>Leuthold Group首席投资策略师吉姆·保尔森(Jim Paulsen)表示，回到顶部图表，随着纳斯达克100指数即将达到相对峰值，不考虑下行风险将是一个错误。</blockquote></p><p> “New-era investments are at a significant crossroads,” he said.<b>“After a prolonged period of extensive outperformance by the Nasdaq and tech stocks, it is not unreasonable to foresee a phase of underperformance, consolidation or even an outright collapse.”</b></p><p><blockquote>“新时代投资正处于一个重要的十字路口，”他说。<b>“在纳斯达克和科技股长期普遍表现出色之后，预计将出现一个表现不佳、整合甚至彻底崩溃的阶段并非没有道理。”</b></blockquote></p><p> If all this sounds unnecessarily convoluted, we remind you of what Rabobank's Michael Everysaid overnight, in what may be the best summary of the Fed's options:</p><p><blockquote>如果这一切听起来不必要地令人费解，我们提醒您荷兰合作银行的迈克尔·埃弗里(Michael Everyevery)一夜之间所说的话，这可能是对美联储选择的最佳总结：</blockquote></p><p>   \"If Powell does nothing, we could perhaps be on the verge of a 2013-style Taper Tantrum. That would send Godzilla-sized shockwaves through markets everywhere, including Tokyo. (And I now think of 1970/80’s British TV ads where a Mock-zilla would eat famous global landmarks before deciding he preferred a certain candy “even chewier than a Barrow-in-Furness bus depot.”) \"\"Of course, Powell could say something or do something: Operation Twist and Shout; or YCC. First of all, this would then show that there is a disconnect between the Treasury and the Fed, which is hardly ideal. Moreover, such steps would prompt a major market flattening, but of two different kinds (short end up and long end down; or just long end down).  <b>As I keep repeating here, YCC would also open the door for some seriously new epic adventures, like opening the mysterious giant gate behind which King Kong is found on his remote island.\"</b>  In short, brace for a burst of volatility on Thursday when Powell (and tech stock bulls) will be damned if the Fed Chair<i><b>doesn't</b></i>do anything, and damned if he&nbsp;<u><b>does</b></u>...</p><p><blockquote>“如果鲍威尔什么都不做，我们可能会处于2013年式的缩减恐慌的边缘。这将给包括东京在内的世界各地的市场带来哥斯拉大小的冲击波。（我现在想起了1970/80年代的英国电视广告，一个模拟zilla会吃掉著名的全球地标，然后决定他更喜欢某种糖果“甚至比Barrow-in-Furness公交车站更有嚼劲。”）“当然，鲍威尔可以说些什么或做些什么：扭曲和呼喊行动；或者YCC。首先，这将表明财政部和美联储之间存在脱节，这并不理想。此外，这些措施将促使市场出现重大扁平化，但有两种不同的类型（短端上升和长端下降；或者只是长端向下）。<b>正如我在这里不断重复的那样，YCC也会为一些全新的史诗冒险打开大门，比如打开神秘的巨门，金刚在他的偏远岛屿上被发现。”</b>简而言之，为周四的波动做好准备，届时鲍威尔（和科技股多头）将受到诅咒，如果美联储主席<i><b>不是</b></i>做任何事，如果他<u><b>是的</b></u>...</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>\"We Are Sitting On An Incredibly Important Turning Point\"<blockquote>“我们正处于一个极其重要的转折点”</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\">\n\"We Are Sitting On An Incredibly Important Turning Point\"<blockquote>“我们正处于一个极其重要的转折点”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-03-16 18:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Last week in hislatest Doubleline webcast, Jeff Gundlach presented a remarkable chart, one showing that the ratio of the Nasdaq to the S&amp;P 500 has been pulled lower (due to Nasdaq underperformance coupled with strength in value stocks) and is now right on its dot com bubble peak levels.</p><p><blockquote>上周，杰夫·冈拉克(Jeff Gundlach)在他最新的Doubleline网络广播中展示了一张引人注目的图表，其中显示纳斯达克与标普500的比率已被拉低（由于纳斯达克表现不佳加上价值股走强），目前正处于网络泡沫峰值水平。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bb4617081a74b98cbab2c1287942cb9e\" tg-width=\"500\" tg-height=\"357\">Picking up on this chart, over the weekend in his latestBear Traps Report, Larry McDonald wrote that \"<b>we are sitting on an incredibly important turning point\"</b>adding that \"<b>the world’s first and second most liquid and arguably most important stock indices are sending important rotation signals.</b>In our view, both tech and growth equities outperformance run is over and the rotation to value and commodity exposed equities has begun.\"</p><p><blockquote>拉里·麦克唐纳(Larry McDonald)在周末最新的《熊陷阱》报告中看到了这张图表，写道：“<b>我们正处于一个极其重要的转折点”</b>补充说“<b>全球第一和第二流动性最强、可以说是最重要的股指正在发出重要的轮动信号。</b>我们认为，科技股和成长股的优异表现已经结束，向价值股和大宗商品股的轮动已经开始。”</blockquote></p><p> AsBloomberg notes, while recent single-day rallies (4% on Tuesday and 2.4% on Thursday) lifted the Nasdaq 100 to its first gain in four weeks, they’re not calming nerves. After all, big up days are not uncommon during a downtrend.<b>In 2000, when the market started a three-year crash, the index had 27 sessions where it rose at least 4%. That compared with six such days in 1999, when prices doubled.</b></p><p><blockquote>正如彭博社指出的那样，虽然最近的单日上涨（周二上涨4%，周四上涨2.4%）将纳斯达克100指数推升至四周以来的首次上涨，但它们并没有安抚人们的神经。毕竟，在下跌趋势中，大幅上涨的日子并不罕见。<b>2000年，当市场开始为期三年的崩盘时，该指数有27个交易日上涨至少4%。相比之下，1999年有六天这样的日子，当时价格翻了一番。</b></blockquote></p><p> “The early stages of a bear market is typically punctuated by ferocious rallies, and what matters in the end is how far the rallies extend and not how quickly they move within a single session,” said Michael Shaoul, chief executive officer at Marketfield Asset Management LLC. “<b>Evidence continues to mount that the technology sector has finally relinquished its position as key global leadership.\"</b></p><p><blockquote>Marketfield Asset Management LLC首席执行官Michael Shaoul表示：“熊市的早期阶段通常会出现猛烈的反弹，最终重要的是反弹会持续多远，而不是它们在单个交易日内的移动速度。”<b>越来越多的证据表明，科技行业最终放弃了其全球关键领导地位。”</b></blockquote></p><p> That’s raising alarms for anyone who lived through the dot-com crash. Back then, when the Nasdaq 100 started falling in March 2000, the equal-weighted S&amp;P 500 kept marching forward and didn’t peak until 14 months later -- a sign that money was being shifted away from the tech behemoths that soared in the internet bubble.<b>Ultimately, the Nasdaq 100 lost half of its value</b>.</p><p><blockquote>这给任何经历过互联网泡沫破裂的人敲响了警钟。当时，当纳斯达克100指数于2000年3月开始下跌时，等权重标普500不断前进，直到14个月后才见顶——这表明资金正在从互联网泡沫中飙升的科技巨头手中转移。<b>最终，纳斯达克100指数损失了一半的价值</b>.</blockquote></p><p>   <b>“People should not take solace in the fact that almost everything else besides the tech group is acting well,</b>” said Matt Maley, chief market strategist at Miller Tabak + Co.  <b>“If the tech group continues to underperform, it’s going to weigh on the rest of the stock market eventually.”</b>  A rotation out of growth and tech will only accelerate depending on what Powell says on Thursday, especially if he doesn't sound sufficient dovish and spooks markets again, triggering another bond rout, which by extension means a selloff in growth stocks which - as we have noted on many previous occasions -<b>have near record high duration and are thus merely bond proxies to which hedge funds have never been more exposed.</b></p><p><blockquote><b>“人们不应该因为除了科技集团之外几乎所有其他公司都表现良好而感到安慰，</b>”Miller Tabak+Co.首席市场策略师Matt Maley说道。<b>“如果科技集团继续表现不佳，最终将给股市的其他部分带来压力。”</b>根据鲍威尔周四的言论，成长股和科技股的轮动只会加速，特别是如果他听起来不够鸽派并再次惊动市场，引发另一场债券暴跌，这反过来意味着成长股的抛售——正如我们在之前的许多场合指出的那样——<b>久期接近历史最高水平，因此只是对冲基金从未接触过的债券代理。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/80c176f70232a97f988ba92c84c6836d\" tg-width=\"500\" tg-height=\"201\">However, while all eyes were on the 10-Year during the late February \"reflation panic\" selloff which was sparked by a liquidation cascade in bonds once the 10Y breached 1.50%, the place on the Treasury curve where the next liquidation cascade could begin is now the belly, because asBloomberg writeswhereas back in December the thought was that the Federal Reserve might tamp down long-term Treasury yields, the issue now lies with shorter-dated ones, and specifically<b>5-year rates.</b></p><p><blockquote>然而，尽管在2月底的“通货再膨胀恐慌”抛售期间，所有人的目光都集中在10年期债券一旦突破1.50%，债券就会出现清算级联，但国债曲线上下一次清算级联可能开始的地方现在是腹部，因为正如彭博社所写，早在12月份，人们就认为美联储可能会压低长期国债收益率，而现在的问题在于短期国债收益率，特别是<b>5年期利率。</b></blockquote></p><p> Yields on that maturity have become unanchored in recent weeks, surging above the previous \"red line\" of 0.75% amid speculation that the<b>Fed will need to start a cycle of rate hikes perhaps a full year earlier than officials have indicated.</b>That shift has also roiled the outlook for a classic iteration of the reflation wager, a widening gap between 5- and 30-year yields, even as the narrative of a stimulus-fueled recovery has only gained momentum.</p><p><blockquote>最近几周，该期限的收益率已变得不稳定，飙升至之前0.75%的“红线”之上，因为人们猜测<b>美联储可能需要比官员们表示的提前一整年开始加息周期。</b>这种转变还扰乱了通货再膨胀赌注经典迭代的前景，即5年期和30年期收益率之间的差距不断扩大，尽管刺激推动的复苏的说法才刚刚获得动力。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0c4be02c3e2224fb5edfb0e0ed77bcac\" tg-width=\"500\" tg-height=\"267\"><b>\"The Fed next week will have to walk a fine line between either pushing back against market expectations or allowing them to stand,\"</b>said Kevin Walter, co-head of global Treasuries trading for Barclays. Without Fed pushback \"there might be more pressure on the belly of the curve,\" in which case the best steepeners would be the spreads between 2-year yields versus 5- and 7-year rates that have room to rise as traders price in tightening.</p><p><blockquote><b>“美联储下周将不得不在违背市场预期或允许市场预期之间徘徊。”</b>巴克莱全球国债交易联席主管凯文·沃尔特表示。如果没有美联储的抵制，“曲线腹部可能会有更多压力”，在这种情况下，最好的陡峭化因素将是2年期国债收益率与5年期和7年期国债收益率之间的利差，随着交易员定价收紧，利差还有上升空间。</blockquote></p><p> And while most investment bank research divisions, and certainly the Fed, do not expect any liftoff until at least 2023,<b>the swaps market has been reflecting a roughly 75% chance the Fed lifts rates from near zero by around the end of 2022.</b>Indeed, Walter expects no major policy changes next week and anticipates that officials will continue to project rates on hold through 2023, however even doing nothing may force another round of selling amid the recent bout of soaring inflation, one seen as a push by the market to force Powell into some form of Yield Curve Control.</p><p><blockquote>尽管大多数投资银行研究部门，当然还有美联储，预计至少要到2023年才会出现任何提振，<b>掉期市场反映出美联储在2022年底左右将利率从接近零的水平上调的可能性约为75%。</b>事实上，沃尔特预计下周不会有重大政策变化，并预计官员们将在2023年之前继续维持利率不变，但在最近一轮通胀飙升的情况下，即使什么都不做也可能迫使另一轮抛售，这被视为市场的推动迫使鲍威尔进行某种形式的收益率曲线控制。</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/148711c8ea3822a0af209f086802c068\" tg-width=\"500\" tg-height=\"263\">On the remote chance that the Fed does signal some 2023 hikes next week,<b>the market will probably bring expectations for rate increases into the first half of 2022 and the 1-year-forward 5-year rate could increase 50 basis points, Peter Chatwell, head of multi-asset strategy for Mizuho International Plc,</b>said in an emailed note. It would also lead to renewed rotation out of growth and into value, further depressing the Nasdaq to SPX chart shown above.</p><p><blockquote>美联储下周确实发出2023年加息信号的可能性很小，<b>瑞穗国际(Mizuho International Plc)多资产策略主管Peter Chatwell表示，市场可能会将加息预期带入2022年上半年，1年期远期5年期利率可能会上调50个基点，</b>在一封电子邮件中说。这还将导致从增长到价值的重新轮动，进一步压低上面显示的纳斯达克到SPX的图表。</blockquote></p><p> That said, most don't expect Powell to address the continued selling in either the long-end or more recently, the belly - the Fed chair gave only a minor reference to the bond-market slump that drove 10-year yields above 1.6%. He emphasized the importance of financial conditions, which remain accommodative, although tech stocks did sink on Friday as yields surged.</p><p><blockquote>也就是说，大多数人预计鲍威尔不会解决长期或最近的腹部持续抛售问题——这位美联储主席只略微提及了推动10年期国债收益率突破1.6%的债券市场暴跌。他强调了金融状况的重要性，尽管随着收益率飙升，科技股周五确实下跌，但金融状况仍然宽松。</blockquote></p><p> None of this will help ease inflation fears as the market fears the Fed is rapidly falling behind the curve. As we noted last week, 5Y inflation expectations at the highest since 2008 and robust jobs data have only reinforced bets that the Fed will need to tighten more quickly than it’s been forecasting. The speculation has squeezed wagers on a steeper curve from 5 to 30 years, shrinking that spread to a bit above 150 basis points, from a more than 6-year high of 167 in February. The 5-year yield at 0.84% isn’t far below its highest level since last year. But at the same time, the 2-year has remained near historic lows on the view that the Fed will hold rates near zero for the immediate future. That’s kept bets on the widely watched spread to the 10-year rate in play, as well as versus other maturities, such as the 5- and 7-year.</p><p><blockquote>这些都无助于缓解通胀担忧，因为市场担心美联储正在迅速落后于曲线。正如我们上周指出的，5年期通胀预期达到2008年以来的最高水平以及强劲的就业数据只会强化人们对美联储需要比预期更快收紧政策的押注。这种猜测挤压了对5年至30年更陡峭曲线的押注，将利差从2月份的6年多高点167个基点缩小至略高于150个基点。5年期国债收益率为0.84%，远低于去年以来的最高水平。但与此同时，由于美联储将在不久的将来将利率维持在接近零的水平，2年期国债仍接近历史低点。这使得人们对广受关注的10年期利率利差以及与5年期和7年期等其他期限利率利差的押注继续发挥作用。</blockquote></p><p> And with the front-end anchored for a long, long time, the question then becomes what is the most lucrative steepener trade. “Some steepeners are better than others,” said Patrick Leary, senior trader and chief market strategist for Incapital. He expects the 2s10s to keep widening, but has taken profits on steepeners and is looking for a better point to re-enter. Other see potential in the 5- to 30-year steepener. TD Securities has recommended entering that bet at 146.5 basis points, targeting 170, based on what it said was a high bar for hikes and the prospect of elevated coupon supply.</p><p><blockquote>随着前端锚定很长很长一段时间，问题就变成了什么是最有利可图的陡峭交易。Incapital高级交易员兼首席市场策略师帕特里克·利里(Patrick Leary)表示：“有些陡峭化者比其他者更好。”他预计2s10s将继续扩大，但已在陡峭的地方获利了结，并正在寻找更好的重新进入点。其他人则看到了5至30年陡峭时期的潜力。道明证券(TD Securities)建议以146.5个基点入场，目标为170个基点，理由是加息的门槛很高以及息票供应增加的前景。</blockquote></p><p> Taking a step back, the reason why traders have been so focused on the 5-year part of the curve, i.e., \"the belly\", is because it’s seen as one place that may bear the brunt of any subsequent selloff should rate-hike speculation mount further, since the bulk of the liftoff regime is expected to take place within the maturity of a 5 Year note issued now.</p><p><blockquote>退一步说，交易员之所以如此关注曲线的5年期部分，即“腹部”，是因为如果加息投机进一步加剧，它被视为可能首当其冲遭受任何后续抛售的地方，因为大部分起飞制度预计将在现在发行的5年期票据到期后发生。</blockquote></p><p> Furthermore, as Bloomberg notes already certain corners of the market are turning their attention to the potential for multiple rate hikes.<b>In swaptions,</b><b><u>a position has emerged targeting the Fed to hike seven to eight times by March 2025, according to a Barclays analysis</u></b><b>.</b></p><p><blockquote>此外，正如彭博社指出的那样，市场的某些角落已经将注意力转向多次加息的可能性。<b>在掉期期权中，</b><b><u>巴克莱银行的分析显示，美联储的目标是到2025年3月加息七到八次</u></b><b>.</b></blockquote></p><p> There is, of course, the risk that markets have gotten ahead of themselves - the whole point of a recent RIC report from BofA, which does not see anywhere nearly enough sustained inflation to justify a 2022 rate hike, let alone 7 by 2025: “it’s possible the market may have gotten a little ahead of itself in the belly,” causing the 5-year rate to rise too much, said Jamie Anderson, head of U.S. trading for Insight Investment. If the data come in weak or the Fed is on hold for longer than expected, “the belly should rally and the curve re-steepen,” he said.</p><p><blockquote>当然，市场存在超前的风险——这就是美国银行最近发布的RIC报告的全部要点，该报告认为任何地方都没有足够的持续通胀来证明2022年加息是合理的，更不用说到2025年加息7次了：Insight Investment美国交易主管杰米·安德森(Jamie Anderson)表示，“市场可能有点超前了”，导致5年期利率上涨过多。他表示，如果数据疲软或美联储按兵不动的时间长于预期，“腹部应该会反弹，曲线会重新变陡”。</blockquote></p><p> For Incapital’s Leary, the narrowing in the 5s30s gap came on the view that officials may discuss - or even announce - a twist next week. Such an operation, involving the sale of shorter-dated holdings and purchase of longer maturities to control yields, would put more pressure on the belly, he says. That would follow the European Central Bank’s decision to ramp up its bond-buying pace.</p><p><blockquote>对于Incapital的Leary来说，5s30差距的缩小是因为官员们可能会在下周讨论甚至宣布一个转折。他表示，这种操作涉及出售短期资产并购买长期资产以控制收益率，将给腹部带来更大压力。此前，欧洲央行决定加快债券购买步伐。</blockquote></p><p> “All these trades are highly dependent on the Fed being on the sidelines and not changing its policy stance,” Leary said.<b>“The market is definitely playing a game of chicken with the Fed, by testing how high yields can get before tightening financial conditions and forcing the Fed to step in.\"</b></p><p><blockquote>Leary表示：“所有这些交易都高度依赖美联储保持观望，不改变政策立场。”<b>“市场肯定是在和美联储玩一场吃鸡的游戏，在收紧金融状况并迫使美联储介入之前，测试收益率能达到多高。”</b></blockquote></p><p> Meanwhile, even as some strategists have brushed aside the yield risk for growth stocks, claiming that tech has shown a fickle relationship with Treasuries over time, Joe Kalish, chief global macro strategist at Ned Davis Research,<b>found that since 2014, the Nasdaq 100’s forward earnings yield - the inverse of its price-earnings ratio where the higher it is, the cheaper stocks are - has moved almost in lockstep with forecast corporate bond rates.</b></p><p><blockquote>与此同时，尽管一些策略师无视成长型股票的收益率风险，声称随着时间的推移，科技股与美国国债的关系变化无常，但Ned Davis Research首席全球宏观策略师Joe Kalish表示，<b>研究发现，自2014年以来，纳斯达克100指数的远期收益率（市盈率的倒数，市盈率越高，股票越便宜）几乎与预测的公司债券利率同步变动。</b></blockquote></p><p></p><p> In his model, if 10-year Treasury yields rise to 2% this year, that in turn could drive long-term Baa-rated bond rates to 4.5%, a scenario where<b>the Nasdaq 100 would have to drop as much as 20% to stay attractive, all else equal.</b>If yields climbed but the Nasdaq didn’t move, this would indicate over-valuation, Kalish said, adding his model correctly flashed warnings in 1987 and 2000.</p><p><blockquote>在他的模型中，如果10年期美国国债收益率今年升至2%，这反过来可能会将长期Baa评级债券利率推至4.5%，在这种情况下<b>在其他条件相同的情况下，纳斯达克100指数必须下跌20%才能保持吸引力。</b>卡利什表示，如果收益率攀升但纳斯达克没有变动，这将表明估值过高，并补充说他的模型在1987年和2000年正确地发出了警告。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4e1270022eb5742b2cf2a7c328a5d897\" tg-width=\"500\" tg-height=\"380\">Also keep in mind that even after the recent drop, the price-earnings ratio of the Nasdaq 100 - at 28 - is nowhere near cheap relative to other stocks, and is a 7% premium over the S&amp;P 500.</p><p><blockquote>另请记住，即使在最近下跌之后，纳斯达克100指数的市盈率（28）相对于其他股票来说也远不便宜，比标普500溢价7%。</blockquote></p><p> Finally, the growth advantage that has sustained tech’s outperformance in all but one year since 2009 is poised to disappear - at least for the next two years - as pandemic-beaten firms like airlines and automakers roar back. Profits from software and internet companies are expected to expand 22% this year and 12% in 2022. Both lag behind the broad S&amp;P 500, where earnings are forecast to increase 24% and 15%, respectively.</p><p><blockquote>最后，随着航空公司和汽车制造商等遭受大流行打击的公司卷土重来，自2009年以来除一年外一直维持科技股优异表现的增长优势即将消失——至少在未来两年是这样。软件和互联网公司的利润预计今年将增长22%，2022年将增长12%。两者都落后于广泛的标普500，后者的盈利预计分别增长24%和15%。</blockquote></p><p> So going back to the top chart, and with Nasdaq 100 knocking on the door of its relative peak, it’d be a mistake not to consider the downside risk, according to Jim Paulsen, chief investment strategist at Leuthold Group.</p><p><blockquote>Leuthold Group首席投资策略师吉姆·保尔森(Jim Paulsen)表示，回到顶部图表，随着纳斯达克100指数即将达到相对峰值，不考虑下行风险将是一个错误。</blockquote></p><p> “New-era investments are at a significant crossroads,” he said.<b>“After a prolonged period of extensive outperformance by the Nasdaq and tech stocks, it is not unreasonable to foresee a phase of underperformance, consolidation or even an outright collapse.”</b></p><p><blockquote>“新时代投资正处于一个重要的十字路口，”他说。<b>“在纳斯达克和科技股长期普遍表现出色之后，预计将出现一个表现不佳、整合甚至彻底崩溃的阶段并非没有道理。”</b></blockquote></p><p> If all this sounds unnecessarily convoluted, we remind you of what Rabobank's Michael Everysaid overnight, in what may be the best summary of the Fed's options:</p><p><blockquote>如果这一切听起来不必要地令人费解，我们提醒您荷兰合作银行的迈克尔·埃弗里(Michael Everyevery)一夜之间所说的话，这可能是对美联储选择的最佳总结：</blockquote></p><p>   \"If Powell does nothing, we could perhaps be on the verge of a 2013-style Taper Tantrum. That would send Godzilla-sized shockwaves through markets everywhere, including Tokyo. (And I now think of 1970/80’s British TV ads where a Mock-zilla would eat famous global landmarks before deciding he preferred a certain candy “even chewier than a Barrow-in-Furness bus depot.”) \"\"Of course, Powell could say something or do something: Operation Twist and Shout; or YCC. First of all, this would then show that there is a disconnect between the Treasury and the Fed, which is hardly ideal. Moreover, such steps would prompt a major market flattening, but of two different kinds (short end up and long end down; or just long end down).  <b>As I keep repeating here, YCC would also open the door for some seriously new epic adventures, like opening the mysterious giant gate behind which King Kong is found on his remote island.\"</b>  In short, brace for a burst of volatility on Thursday when Powell (and tech stock bulls) will be damned if the Fed Chair<i><b>doesn't</b></i>do anything, and damned if he&nbsp;<u><b>does</b></u>...</p><p><blockquote>“如果鲍威尔什么都不做，我们可能会处于2013年式的缩减恐慌的边缘。这将给包括东京在内的世界各地的市场带来哥斯拉大小的冲击波。（我现在想起了1970/80年代的英国电视广告，一个模拟zilla会吃掉著名的全球地标，然后决定他更喜欢某种糖果“甚至比Barrow-in-Furness公交车站更有嚼劲。”）“当然，鲍威尔可以说些什么或做些什么：扭曲和呼喊行动；或者YCC。首先，这将表明财政部和美联储之间存在脱节，这并不理想。此外，这些措施将促使市场出现重大扁平化，但有两种不同的类型（短端上升和长端下降；或者只是长端向下）。<b>正如我在这里不断重复的那样，YCC也会为一些全新的史诗冒险打开大门，比如打开神秘的巨门，金刚在他的偏远岛屿上被发现。”</b>简而言之，为周四的波动做好准备，届时鲍威尔（和科技股多头）将受到诅咒，如果美联储主席<i><b>不是</b></i>做任何事，如果他<u><b>是的</b></u>...</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/we-are-sitting-incredibly-important-turning-point\">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":{".SPX":"S&P 500 Index","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.zerohedge.com/markets/we-are-sitting-incredibly-important-turning-point","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127134490","content_text":"Last week in hislatest Doubleline webcast, Jeff Gundlach presented a remarkable chart, one showing that the ratio of the Nasdaq to the S&P 500 has been pulled lower (due to Nasdaq underperformance coupled with strength in value stocks) and is now right on its dot com bubble peak levels.\nPicking up on this chart, over the weekend in his latestBear Traps Report, Larry McDonald wrote that \"we are sitting on an incredibly important turning point\"adding that \"the world’s first and second most liquid and arguably most important stock indices are sending important rotation signals.In our view, both tech and growth equities outperformance run is over and the rotation to value and commodity exposed equities has begun.\"\nAsBloomberg notes, while recent single-day rallies (4% on Tuesday and 2.4% on Thursday) lifted the Nasdaq 100 to its first gain in four weeks, they’re not calming nerves. After all, big up days are not uncommon during a downtrend.In 2000, when the market started a three-year crash, the index had 27 sessions where it rose at least 4%. That compared with six such days in 1999, when prices doubled.\n“The early stages of a bear market is typically punctuated by ferocious rallies, and what matters in the end is how far the rallies extend and not how quickly they move within a single session,” said Michael Shaoul, chief executive officer at Marketfield Asset Management LLC. “Evidence continues to mount that the technology sector has finally relinquished its position as key global leadership.\"\nThat’s raising alarms for anyone who lived through the dot-com crash. Back then, when the Nasdaq 100 started falling in March 2000, the equal-weighted S&P 500 kept marching forward and didn’t peak until 14 months later -- a sign that money was being shifted away from the tech behemoths that soared in the internet bubble.Ultimately, the Nasdaq 100 lost half of its value.\n\n“People should not take solace in the fact that almost everything else besides the tech group is acting well,” said Matt Maley, chief market strategist at Miller Tabak + Co.\n “If the tech group continues to underperform, it’s going to weigh on the rest of the stock market eventually.”\n\nA rotation out of growth and tech will only accelerate depending on what Powell says on Thursday, especially if he doesn't sound sufficient dovish and spooks markets again, triggering another bond rout, which by extension means a selloff in growth stocks which - as we have noted on many previous occasions -have near record high duration and are thus merely bond proxies to which hedge funds have never been more exposed.\nHowever, while all eyes were on the 10-Year during the late February \"reflation panic\" selloff which was sparked by a liquidation cascade in bonds once the 10Y breached 1.50%, the place on the Treasury curve where the next liquidation cascade could begin is now the belly, because asBloomberg writeswhereas back in December the thought was that the Federal Reserve might tamp down long-term Treasury yields, the issue now lies with shorter-dated ones, and specifically5-year rates.\nYields on that maturity have become unanchored in recent weeks, surging above the previous \"red line\" of 0.75% amid speculation that theFed will need to start a cycle of rate hikes perhaps a full year earlier than officials have indicated.That shift has also roiled the outlook for a classic iteration of the reflation wager, a widening gap between 5- and 30-year yields, even as the narrative of a stimulus-fueled recovery has only gained momentum.\n\"The Fed next week will have to walk a fine line between either pushing back against market expectations or allowing them to stand,\"said Kevin Walter, co-head of global Treasuries trading for Barclays. Without Fed pushback \"there might be more pressure on the belly of the curve,\" in which case the best steepeners would be the spreads between 2-year yields versus 5- and 7-year rates that have room to rise as traders price in tightening.\nAnd while most investment bank research divisions, and certainly the Fed, do not expect any liftoff until at least 2023,the swaps market has been reflecting a roughly 75% chance the Fed lifts rates from near zero by around the end of 2022.Indeed, Walter expects no major policy changes next week and anticipates that officials will continue to project rates on hold through 2023, however even doing nothing may force another round of selling amid the recent bout of soaring inflation, one seen as a push by the market to force Powell into some form of Yield Curve Control.\nOn the remote chance that the Fed does signal some 2023 hikes next week,the market will probably bring expectations for rate increases into the first half of 2022 and the 1-year-forward 5-year rate could increase 50 basis points, Peter Chatwell, head of multi-asset strategy for Mizuho International Plc,said in an emailed note. It would also lead to renewed rotation out of growth and into value, further depressing the Nasdaq to SPX chart shown above.\nThat said, most don't expect Powell to address the continued selling in either the long-end or more recently, the belly - the Fed chair gave only a minor reference to the bond-market slump that drove 10-year yields above 1.6%. He emphasized the importance of financial conditions, which remain accommodative, although tech stocks did sink on Friday as yields surged.\nNone of this will help ease inflation fears as the market fears the Fed is rapidly falling behind the curve. As we noted last week, 5Y inflation expectations at the highest since 2008 and robust jobs data have only reinforced bets that the Fed will need to tighten more quickly than it’s been forecasting. The speculation has squeezed wagers on a steeper curve from 5 to 30 years, shrinking that spread to a bit above 150 basis points, from a more than 6-year high of 167 in February. The 5-year yield at 0.84% isn’t far below its highest level since last year. But at the same time, the 2-year has remained near historic lows on the view that the Fed will hold rates near zero for the immediate future. That’s kept bets on the widely watched spread to the 10-year rate in play, as well as versus other maturities, such as the 5- and 7-year.\nAnd with the front-end anchored for a long, long time, the question then becomes what is the most lucrative steepener trade. “Some steepeners are better than others,” said Patrick Leary, senior trader and chief market strategist for Incapital. He expects the 2s10s to keep widening, but has taken profits on steepeners and is looking for a better point to re-enter. Other see potential in the 5- to 30-year steepener. TD Securities has recommended entering that bet at 146.5 basis points, targeting 170, based on what it said was a high bar for hikes and the prospect of elevated coupon supply.\nTaking a step back, the reason why traders have been so focused on the 5-year part of the curve, i.e., \"the belly\", is because it’s seen as one place that may bear the brunt of any subsequent selloff should rate-hike speculation mount further, since the bulk of the liftoff regime is expected to take place within the maturity of a 5 Year note issued now.\nFurthermore, as Bloomberg notes already certain corners of the market are turning their attention to the potential for multiple rate hikes.In swaptions,a position has emerged targeting the Fed to hike seven to eight times by March 2025, according to a Barclays analysis.\nThere is, of course, the risk that markets have gotten ahead of themselves - the whole point of a recent RIC report from BofA, which does not see anywhere nearly enough sustained inflation to justify a 2022 rate hike, let alone 7 by 2025: “it’s possible the market may have gotten a little ahead of itself in the belly,” causing the 5-year rate to rise too much, said Jamie Anderson, head of U.S. trading for Insight Investment. If the data come in weak or the Fed is on hold for longer than expected, “the belly should rally and the curve re-steepen,” he said.\nFor Incapital’s Leary, the narrowing in the 5s30s gap came on the view that officials may discuss - or even announce - a twist next week. Such an operation, involving the sale of shorter-dated holdings and purchase of longer maturities to control yields, would put more pressure on the belly, he says. That would follow the European Central Bank’s decision to ramp up its bond-buying pace.\n“All these trades are highly dependent on the Fed being on the sidelines and not changing its policy stance,” Leary said.“The market is definitely playing a game of chicken with the Fed, by testing how high yields can get before tightening financial conditions and forcing the Fed to step in.\"\nMeanwhile, even as some strategists have brushed aside the yield risk for growth stocks, claiming that tech has shown a fickle relationship with Treasuries over time, Joe Kalish, chief global macro strategist at Ned Davis Research,found that since 2014, the Nasdaq 100’s forward earnings yield - the inverse of its price-earnings ratio where the higher it is, the cheaper stocks are - has moved almost in lockstep with forecast corporate bond rates.\nIn his model, if 10-year Treasury yields rise to 2% this year, that in turn could drive long-term Baa-rated bond rates to 4.5%, a scenario wherethe Nasdaq 100 would have to drop as much as 20% to stay attractive, all else equal.If yields climbed but the Nasdaq didn’t move, this would indicate over-valuation, Kalish said, adding his model correctly flashed warnings in 1987 and 2000.\nAlso keep in mind that even after the recent drop, the price-earnings ratio of the Nasdaq 100 - at 28 - is nowhere near cheap relative to other stocks, and is a 7% premium over the S&P 500.\nFinally, the growth advantage that has sustained tech’s outperformance in all but one year since 2009 is poised to disappear - at least for the next two years - as pandemic-beaten firms like airlines and automakers roar back. Profits from software and internet companies are expected to expand 22% this year and 12% in 2022. Both lag behind the broad S&P 500, where earnings are forecast to increase 24% and 15%, respectively.\nSo going back to the top chart, and with Nasdaq 100 knocking on the door of its relative peak, it’d be a mistake not to consider the downside risk, according to Jim Paulsen, chief investment strategist at Leuthold Group.\n“New-era investments are at a significant crossroads,” he said.“After a prolonged period of extensive outperformance by the Nasdaq and tech stocks, it is not unreasonable to foresee a phase of underperformance, consolidation or even an outright collapse.”\nIf all this sounds unnecessarily convoluted, we remind you of what Rabobank's Michael Everysaid overnight, in what may be the best summary of the Fed's options:\n\n \"If Powell does nothing, we could perhaps be on the verge of a 2013-style Taper Tantrum. That would send Godzilla-sized shockwaves through markets everywhere, including Tokyo. (And I now think of 1970/80’s British TV ads where a Mock-zilla would eat famous global landmarks before deciding he preferred a certain candy “even chewier than a Barrow-in-Furness bus depot.”) \"\"Of course, Powell could say something or do something: Operation Twist and Shout; or YCC. First of all, this would then show that there is a disconnect between the Treasury and the Fed, which is hardly ideal. Moreover, such steps would prompt a major market flattening, but of two different kinds (short end up and long end down; or just long end down).\n As I keep repeating here, YCC would also open the door for some seriously new epic adventures, like opening the mysterious giant gate behind which King Kong is found on his remote island.\"\n\nIn short, brace for a burst of volatility on Thursday when Powell (and tech stock bulls) will be damned if the Fed Chairdoesn'tdo anything, and damned if he does...","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,"SPY":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":531,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325831650,"gmtCreate":1615884678270,"gmtModify":1703494431033,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275811040995","authorIdStr":"3575275811040995"},"themes":[],"htmlText":"Great !","listText":"Great !","text":"Great !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/325831650","repostId":"1124726208","repostType":4,"repost":{"id":"1124726208","kind":"news","pubTimestamp":1615854446,"share":"https://www.laohu8.com/m/news/1124726208?lang=zh_CN&edition=full","pubTime":"2021-03-16 08:27","market":"us","language":"en","title":"Elon Musk Is Now the ‘Technoking’ of Tesla. What’s Behind the Name.<blockquote>Elon Musk现在是特斯拉的“技术之王”。名字背后是什么。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1124726208","media":"Barrons","summary":"Tesla’s Elon Musk isn’t only a CEO. On Monday, he became a king of sorts.The electric vehicle pioneer toldthe Securities and Exchange Commissionthat founderMuskwill add the title Technoking of Tesla . CFO Zach Kirkhorn is getting another one, too: Master of Coin.In the SEC 8-K filing, Kirkhorn adds: “Elon and Zach will also maintain their respective positions as Chief Executive Officer and Chief Financial Officer.”The new titles might reflect the men’s decision to put some of Tesla’s cash into B","content":"<p>Tesla’s Elon Musk isn’t only a CEO. On Monday, he became a king of sorts.</p><p><blockquote>特斯拉的Elon Musk不仅仅是首席执行官。周一，他成了某种程度上的国王。</blockquote></p><p>The electric vehicle pioneer toldthe Securities and Exchange Commissionthat founderMuskwill add the title Technoking of Tesla (ticker: TSLA). CFO Zach Kirkhorn is getting another one, too: Master of Coin.</p><p><blockquote>这家电动汽车先驱告诉美国证券交易委员会，创始人马斯克将添加特斯拉技术之王（股票代码：TSLA）的头衔。首席财务官扎克·柯克霍恩也得到了另一个：硬币大师。</blockquote></p><p>In the SEC 8-K filing, Kirkhorn adds: “Elon and Zach will also maintain their respective positions as Chief Executive Officer and Chief Financial Officer.”</p><p><blockquote>在SEC 8-K文件中，柯克霍恩补充道：“埃隆和扎克还将维持各自的首席执行官和首席财务官职位。”</blockquote></p><p>An 8-K form is what companies file to notify shareholders of important information, such as earnings news releases, management appointments and corporate acquisitions.</p><p><blockquote>8-K表格是公司为通知股东重要信息而提交的表格，例如收益新闻稿、管理层任命和公司收购。</blockquote></p><p>The new titles might reflect the men’s decision to put some of Tesla’s cash&nbsp;into Bitcoin. The cryptocurrency hit $60,000 over the weekend, making the EV maker more than&nbsp;$1 billion&nbsp;on its initial $1.5 billion buy. Tesla invested back when Bitcoin was about $33,000.</p><p><blockquote>新的头衔可能反映了这些人将特斯拉的一些现金投入比特币的决定。该加密货币周末触及60,000美元，使这家电动汽车制造商在最初15亿美元的收购中获得了超过10亿美元的收益。特斯拉在比特币约33,000美元时进行了投资。</blockquote></p><p>Bitcoin has fallen back in Monday trading to about $56,000, but is still up more than 90% year to date and more than 20% in March.</p><p><blockquote>比特币在周一的交易中回落至56,000美元左右，但今年迄今仍上涨了90%以上，3月份上涨了20%以上。</blockquote></p><p>Musk spent part of his weekend tweeting about another of his favorite cryptocurrencies, Dogecoin, which is up to a little more than a nickel a Dogecoin—roughly about 1,300% year to date.</p><p><blockquote>马斯克周末花了一部分时间在推特上谈论他最喜欢的另一种加密货币狗狗币，狗狗币的价格已升至每只狗狗币5美分多一点——今年迄今为止大约上涨了1,300%。</blockquote></p><p>Institutional investors are playing a major role in Bitcoin's recent uptick. Here's why, and what it means for the future.</p><p><blockquote>机构投资者在比特币近期的上涨中发挥了重要作用。原因如下，以及它对未来的意义。</blockquote></p><p>The Technoking and Master of Coin titles fall in line with Tesla’s offbeat approach. Musk has turned Tesla into the most valuable car company in the world by, essentially, paying no attention to what traditional automotive companies and analysts say.</p><p><blockquote>Technoking和Master of Coin头衔符合特斯拉的另类方法。马斯克将特斯拉变成了世界上最有价值的汽车公司，本质上是没有关注传统汽车公司和分析师的言论。</blockquote></p><p>Still, the news isn’t doing much to Tesla stock, which is up about 2%&nbsp;on&nbsp;Monday.S&amp;P 500&nbsp;and&nbsp;Dow Jones Industrial Average&nbsp;futures are up about 0.7% and 0.5%, respectively.</p><p><blockquote>尽管如此，这一消息对特斯拉股价影响不大，该股周一上涨约2%。标普500和道琼斯工业平均指数期货分别上涨约0.7%和0.5%。</blockquote></p><p>Investors are really waiting for the Federal Reserve to comment on interest rates later in the week. The U.S. 10 Year Treasury bond yield is up to about 1.6% from 1.2% only a few weeks back. The rapid rise has hit growth stocks, including Tesla shares. The&nbsp;Nasdaq Composite,home to many richly valued, high-growth stocks, is down about 5% since Feb. 16, when the index hit an all-time high. The Dow is up about 4% over the same period.</p><p><blockquote>投资者确实在等待美联储本周晚些时候对利率的评论。美国10年期国债收益率从几周前的1.2%升至约1.6%。快速上涨打击了成长型股票，包括特斯拉股票。纳斯达克综合指数拥有许多估值丰厚的高增长股票，自2月16日该指数创下历史新高以来已下跌约5%。道琼斯指数同期上涨约4%。</blockquote></p><p>Tesla stock is down about 13% since then. Higher rate&nbsp;shit high-growth stocks&nbsp;harder than others. They make it more expensive to finance growth like what Mush is targeting—vehicle delivery growth a year on average for the foreseeable future.</p><p><blockquote>此后，特斯拉股价下跌了约13%。较高的利率使高增长股票比其他股票更难。它们使得为Mush的目标——在可预见的未来，车辆交付量平均每年增长——融资变得更加昂贵。</blockquote></p><p>What’s more, growth companies generate cash far in the future which is worth a little less, relatively speaking, when investors have other options to earn higher rates of interest today.</p><p><blockquote>更重要的是，成长型公司会在未来产生现金，相对而言，当投资者今天有其他选择来赚取更高的利率时，这些现金的价值会稍微低一些。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elon Musk Is Now the ‘Technoking’ of Tesla. What’s Behind the Name.<blockquote>Elon Musk现在是特斯拉的“技术之王”。名字背后是什么。</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\">\nElon Musk Is Now the ‘Technoking’ of Tesla. What’s Behind the Name.<blockquote>Elon Musk现在是特斯拉的“技术之王”。名字背后是什么。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-03-16 08:27</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Tesla’s Elon Musk isn’t only a CEO. On Monday, he became a king of sorts.</p><p><blockquote>特斯拉的Elon Musk不仅仅是首席执行官。周一，他成了某种程度上的国王。</blockquote></p><p>The electric vehicle pioneer toldthe Securities and Exchange Commissionthat founderMuskwill add the title Technoking of Tesla (ticker: TSLA). CFO Zach Kirkhorn is getting another one, too: Master of Coin.</p><p><blockquote>这家电动汽车先驱告诉美国证券交易委员会，创始人马斯克将添加特斯拉技术之王（股票代码：TSLA）的头衔。首席财务官扎克·柯克霍恩也得到了另一个：硬币大师。</blockquote></p><p>In the SEC 8-K filing, Kirkhorn adds: “Elon and Zach will also maintain their respective positions as Chief Executive Officer and Chief Financial Officer.”</p><p><blockquote>在SEC 8-K文件中，柯克霍恩补充道：“埃隆和扎克还将维持各自的首席执行官和首席财务官职位。”</blockquote></p><p>An 8-K form is what companies file to notify shareholders of important information, such as earnings news releases, management appointments and corporate acquisitions.</p><p><blockquote>8-K表格是公司为通知股东重要信息而提交的表格，例如收益新闻稿、管理层任命和公司收购。</blockquote></p><p>The new titles might reflect the men’s decision to put some of Tesla’s cash&nbsp;into Bitcoin. The cryptocurrency hit $60,000 over the weekend, making the EV maker more than&nbsp;$1 billion&nbsp;on its initial $1.5 billion buy. Tesla invested back when Bitcoin was about $33,000.</p><p><blockquote>新的头衔可能反映了这些人将特斯拉的一些现金投入比特币的决定。该加密货币周末触及60,000美元，使这家电动汽车制造商在最初15亿美元的收购中获得了超过10亿美元的收益。特斯拉在比特币约33,000美元时进行了投资。</blockquote></p><p>Bitcoin has fallen back in Monday trading to about $56,000, but is still up more than 90% year to date and more than 20% in March.</p><p><blockquote>比特币在周一的交易中回落至56,000美元左右，但今年迄今仍上涨了90%以上，3月份上涨了20%以上。</blockquote></p><p>Musk spent part of his weekend tweeting about another of his favorite cryptocurrencies, Dogecoin, which is up to a little more than a nickel a Dogecoin—roughly about 1,300% year to date.</p><p><blockquote>马斯克周末花了一部分时间在推特上谈论他最喜欢的另一种加密货币狗狗币，狗狗币的价格已升至每只狗狗币5美分多一点——今年迄今为止大约上涨了1,300%。</blockquote></p><p>Institutional investors are playing a major role in Bitcoin's recent uptick. Here's why, and what it means for the future.</p><p><blockquote>机构投资者在比特币近期的上涨中发挥了重要作用。原因如下，以及它对未来的意义。</blockquote></p><p>The Technoking and Master of Coin titles fall in line with Tesla’s offbeat approach. Musk has turned Tesla into the most valuable car company in the world by, essentially, paying no attention to what traditional automotive companies and analysts say.</p><p><blockquote>Technoking和Master of Coin头衔符合特斯拉的另类方法。马斯克将特斯拉变成了世界上最有价值的汽车公司，本质上是没有关注传统汽车公司和分析师的言论。</blockquote></p><p>Still, the news isn’t doing much to Tesla stock, which is up about 2%&nbsp;on&nbsp;Monday.S&amp;P 500&nbsp;and&nbsp;Dow Jones Industrial Average&nbsp;futures are up about 0.7% and 0.5%, respectively.</p><p><blockquote>尽管如此，这一消息对特斯拉股价影响不大，该股周一上涨约2%。标普500和道琼斯工业平均指数期货分别上涨约0.7%和0.5%。</blockquote></p><p>Investors are really waiting for the Federal Reserve to comment on interest rates later in the week. The U.S. 10 Year Treasury bond yield is up to about 1.6% from 1.2% only a few weeks back. The rapid rise has hit growth stocks, including Tesla shares. The&nbsp;Nasdaq Composite,home to many richly valued, high-growth stocks, is down about 5% since Feb. 16, when the index hit an all-time high. The Dow is up about 4% over the same period.</p><p><blockquote>投资者确实在等待美联储本周晚些时候对利率的评论。美国10年期国债收益率从几周前的1.2%升至约1.6%。快速上涨打击了成长型股票，包括特斯拉股票。纳斯达克综合指数拥有许多估值丰厚的高增长股票，自2月16日该指数创下历史新高以来已下跌约5%。道琼斯指数同期上涨约4%。</blockquote></p><p>Tesla stock is down about 13% since then. Higher rate&nbsp;shit high-growth stocks&nbsp;harder than others. They make it more expensive to finance growth like what Mush is targeting—vehicle delivery growth a year on average for the foreseeable future.</p><p><blockquote>此后，特斯拉股价下跌了约13%。较高的利率使高增长股票比其他股票更难。它们使得为Mush的目标——在可预见的未来，车辆交付量平均每年增长——融资变得更加昂贵。</blockquote></p><p>What’s more, growth companies generate cash far in the future which is worth a little less, relatively speaking, when investors have other options to earn higher rates of interest today.</p><p><blockquote>更重要的是，成长型公司会在未来产生现金，相对而言，当投资者今天有其他选择来赚取更高的利率时，这些现金的价值会稍微低一些。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/teslas-elon-musk-adds-a-title-and-tells-the-sec-about-it-51615816265?mod=hp_DAY_4\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/teslas-elon-musk-adds-a-title-and-tells-the-sec-about-it-51615816265?mod=hp_DAY_4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1124726208","content_text":"Tesla’s Elon Musk isn’t only a CEO. On Monday, he became a king of sorts.The electric vehicle pioneer toldthe Securities and Exchange Commissionthat founderMuskwill add the title Technoking of Tesla (ticker: TSLA). CFO Zach Kirkhorn is getting another one, too: Master of Coin.In the SEC 8-K filing, Kirkhorn adds: “Elon and Zach will also maintain their respective positions as Chief Executive Officer and Chief Financial Officer.”An 8-K form is what companies file to notify shareholders of important information, such as earnings news releases, management appointments and corporate acquisitions.The new titles might reflect the men’s decision to put some of Tesla’s cash into Bitcoin. The cryptocurrency hit $60,000 over the weekend, making the EV maker more than $1 billion on its initial $1.5 billion buy. Tesla invested back when Bitcoin was about $33,000.Bitcoin has fallen back in Monday trading to about $56,000, but is still up more than 90% year to date and more than 20% in March.Musk spent part of his weekend tweeting about another of his favorite cryptocurrencies, Dogecoin, which is up to a little more than a nickel a Dogecoin—roughly about 1,300% year to date.Institutional investors are playing a major role in Bitcoin's recent uptick. Here's why, and what it means for the future.The Technoking and Master of Coin titles fall in line with Tesla’s offbeat approach. Musk has turned Tesla into the most valuable car company in the world by, essentially, paying no attention to what traditional automotive companies and analysts say.Still, the news isn’t doing much to Tesla stock, which is up about 2% on Monday.S&P 500 and Dow Jones Industrial Average futures are up about 0.7% and 0.5%, respectively.Investors are really waiting for the Federal Reserve to comment on interest rates later in the week. The U.S. 10 Year Treasury bond yield is up to about 1.6% from 1.2% only a few weeks back. The rapid rise has hit growth stocks, including Tesla shares. The Nasdaq Composite,home to many richly valued, high-growth stocks, is down about 5% since Feb. 16, when the index hit an all-time high. The Dow is up about 4% over the same period.Tesla stock is down about 13% since then. Higher rate shit high-growth stocks harder than others. They make it more expensive to finance growth like what Mush is targeting—vehicle delivery growth a year on average for the foreseeable future.What’s more, growth companies generate cash far in the future which is worth a little less, relatively speaking, when investors have other options to earn higher rates of interest today.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":764,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322208330,"gmtCreate":1615807033520,"gmtModify":1703493267871,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275811040995","authorIdStr":"3575275811040995"},"themes":[],"htmlText":"Have both and in double digit red, when is it going to recover","listText":"Have both and in double digit red, when is it going to recover","text":"Have both and in double digit red, when is it going to recover","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/322208330","repostId":"1161179297","repostType":4,"repost":{"id":"1161179297","kind":"news","pubTimestamp":1615771321,"share":"https://www.laohu8.com/m/news/1161179297?lang=zh_CN&edition=full","pubTime":"2021-03-15 09:22","market":"us","language":"en","title":"Better Buy: NIO vs. XPeng Motors<blockquote>更值得购买：蔚来与小鹏汽车</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1161179297","media":"Motley Fool","summary":"The Chinese electric-vehicle makers both have rich valuations, even after a downturn in share prices.Stocks of electric-vehicle  makers accelerated in 2020. And it's no secret that Chinese EV stocks were some of the most popular, as the largest automotive market in the world continues to move toward electrification in its transportation sector.EV sales in China surpassed 1 million in 2020, and the government hopes to grow that to 5 million by 2025. It could reach 10 million by 2030, and approach","content":"<p>The Chinese electric-vehicle makers both have rich valuations, even after a downturn in share prices.</p><p><blockquote>即使在股价低迷之后，这两家中国电动汽车制造商的估值也很高。</blockquote></p><p> Stocks of electric-vehicle (EV) makers accelerated in 2020. And it's no secret that Chinese EV stocks were some of the most popular, as the largest automotive market in the world continues to move toward electrification in its transportation sector.</p><p><blockquote>电动汽车(EV)制造商的股票在2020年加速上涨。众所周知，中国电动汽车股票是最受欢迎的股票之一，因为这个全球最大的汽车市场继续向交通领域的电气化迈进。</blockquote></p><p> EV sales in China surpassed 1 million in 2020, and the government hopes to grow that to 5 million by 2025. It could reach 10 million by 2030, and approach 20 million by 2040, according to research organization BloombergNEF. Two electric automakers looking to capitalize on that expansion are&nbsp;<b>NIO</b>&nbsp;(NYSE:NIO)&nbsp;and&nbsp;<b>XPeng</b>&nbsp;(NYSE:XPEV). Investors may be wondering which is the better buy, particularly after a correction has hit share prices in the sector.</p><p><blockquote>2020年，中国电动汽车销量超过100万辆，政府希望到2025年将这一数字增长到500万辆。据研究机构BloombergNEF称，到2030年，这一数字可能达到1000万，到2040年接近2000万。两家希望利用这一扩张的电动汽车制造商是<b>蔚来</b>（纽约证券交易所代码：蔚来）和<b>小鹏</b>（纽约证券交易所代码：XPEV）。投资者可能想知道哪一个更好，尤其是在该行业股价出现调整之后。</blockquote></p><p> <b>The right market</b></p><p><blockquote><b>合适的市场</b></blockquote></p><p> As noted above, the largest automotive market in the world has much potential forEV growth. The problem is, there will be plenty of companies seeking to capitalize.<b>Tesla</b>&nbsp;(NASDAQ:TSLA)&nbsp;built its second manufacturing plant in Shanghai for a reason. And though they're maybe the most well-known Chinese EV makers, NIO and XPeng combined delivered only slightly more than half the 131,000 battery-electric vehicles that&nbsp;<b>BYD</b>&nbsp;(OTC:BYDDY)&nbsp;sold in 2020.</p><p><blockquote>如上所述，世界上最大的汽车市场具有巨大的增长潜力。问题是，将会有很多公司寻求资本化。<b>特斯拉</b>（纳斯达克：TSLA）在上海建立第二家制造工厂是有原因的。尽管蔚来和小鹏汽车可能是中国最知名的电动汽车制造商，但它们总共交付了131,000辆纯电动汽车的一半多一点。<b>比亚迪</b>（场外交易代码：比亚迪）2020年售出。</blockquote></p><p> NIO reached almost 44,000 vehicles delivered in 2020, while XPeng more than doubled its volume versus 2019 to 27,041. Both companies have recently introduced sedan models that each hopes will be significant drivers of future sales growth.</p><p><blockquote>蔚来在2020年交付了近44,000辆汽车，而小鹏汽车的销量比2019年增加了一倍多，达到27,041辆。两家公司最近都推出了轿车车型，都希望这些车型能够成为未来销售增长的重要推动力。</blockquote></p><p> XPeng's P7 sports sedan has surpassed a total of 20,000 cumulative deliveries since its launch in early 2020, as it moves ahead of the G3 compact SUV as the company's most popular vehicle. That marked the fastest pace to 20,000 vehicle deliveries of any Chinese EV start-up.</p><p><blockquote>自2020年初推出以来，小鹏汽车的P7运动型轿车累计交付量已超过20,000辆，超越G3紧凑型SUV成为该公司最受欢迎的汽车。这标志着中国电动汽车初创企业交付20,000辆汽车的最快速度。</blockquote></p><p> NIO introduced its new ET7 luxury sedan earlier this year. The ET7 will be available early next year, and has some intricate features. The sleek exterior includes autonomous driving sensors, a \"crystal-like heartbeat\" tail light, all-glass roof, and a digital entry system that extends the flush handle and automatically releases the door's \"e-latch\" as the driver approaches.</p><p><blockquote>蔚来今年早些时候推出了新款ET7豪华轿车。ET7将于明年初上市，具有一些复杂的功能。时尚的外观包括自动驾驶传感器、“水晶般的心跳”尾灯、全玻璃车顶和数字进入系统，该系统可以延伸齐平把手，并在驾驶员靠近时自动释放车门的“电子锁”。</blockquote></p><p> <b>Priced for perfection</b></p><p><blockquote><b>完美定价</b></blockquote></p><p> The strong sales growth along with massive potential for Chinese EVs had investors already piling into these stocks. But after shares of both NIO and XPeng soared last year, the stocks are off January 2021 highs by 27% and 38% respectively, making now a good time to see which may be the better buy.</p><p><blockquote>强劲的销售增长以及中国电动汽车的巨大潜力已经让投资者涌入这些股票。但在蔚来和小鹏汽车的股价去年飙升后，这些股票分别较2021年1月的高点下跌了27%和38%，现在是看看哪一个可能更好买入的好时机。</blockquote></p><p> Neither company is profitable yet, so one way to measure valuations is using sales rather than earnings. The&nbsp;price-to-sales ratios&nbsp;(P/S) are both very high, but sales are expected to grow quickly, and it's a relevant metric for comparing the two companies.</p><p><blockquote>两家公司都尚未盈利，因此衡量估值的一种方法是使用销售额而不是收益。市销率（P/S）都非常高，但销售额预计将快速增长，这是比较两家公司的相关指标。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cf721bd77e4fa0e2530b3d2f86034920\" tg-width=\"720\" tg-height=\"483\"><span>NIO MARKET CAP DATA BY YCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCHARTS提供的蔚来市值数据</span></p></blockquote></p><p> Though NIO has the higher market cap, it is less expensive than XPeng as measured by the P/S ratio. NIO also has a unique approach to the market with its battery swap program, which allows customers to \"recharge\" via a faster battery exchange. The company says its automated battery swap stations take only three minutes to produce a fully charged battery replacement.</p><p><blockquote>尽管蔚来的市值较高，但以市盈率衡量，它的成本低于小鹏汽车。蔚来还通过其电池更换计划对市场采取了独特的方法，允许客户通过更快的电池更换来“充电”。该公司表示，其自动电池交换站只需三分钟即可更换充满电的电池。</blockquote></p><p> <b>Looking ahead</b></p><p><blockquote><b>展望未来</b></blockquote></p><p> NIO's push into the luxury sedan segment with its ET7 could help advance the company to the next level. Gross margins, gross profit, and operating cash flow went positive in 2020, indicating the path to profitability is in sight.</p><p><blockquote>蔚来凭借ET7进军豪华轿车领域可能有助于将该公司推向一个新的水平。2020年毛利率、毛利润和经营现金流均为正，表明盈利之路在望。</blockquote></p><p> Both companies look to be adequately capitalized to fund planned growth efforts. As of Dec. 31, 2020, NIO had $6.5 billion in cash and cash equivalents, restricted cash, and short-term investment on its balance sheet, and XPeng had about $5.4 billion. The companies could raise more money by&nbsp;listing on the Hong Kong Stock Exchange, which is reportedly being considered by both.</p><p><blockquote>两家公司都希望有足够的资本来资助计划的增长工作。截至2020年12月31日，蔚来资产负债表上的现金和现金等价物、限制性现金和短期投资为65亿美元，小鹏汽车约为54亿美元。两家公司可以通过在香港联交所上市来筹集更多资金，据报道，两家公司都在考虑上市。</blockquote></p><p> For investors looking to pick just one holding to participate in Chinese EV growth, NIO appears to be the better option of these two companies. Any investment still belongs in the speculative portion of a portfolio, with the potential for much volatility. But for those who can stomach that, and have an appropriate portion invested, the recent drop in shares helps make NIO a better buy than XPeng right now.</p><p><blockquote>对于只想选择一家公司来参与中国电动汽车增长的投资者来说，蔚来似乎是这两家公司中更好的选择。任何投资仍然属于投资组合的投机部分，有可能出现很大的波动。但对于那些能够承受这一点并进行适当投资的人来说，最近股价的下跌使蔚来目前比小鹏汽车更值得买入。</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>Better Buy: NIO vs. XPeng Motors<blockquote>更值得购买：蔚来与小鹏汽车</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\">\nBetter Buy: NIO vs. XPeng Motors<blockquote>更值得购买：蔚来与小鹏汽车</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool</strong><span class=\"h-time small\">2021-03-15 09:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Chinese electric-vehicle makers both have rich valuations, even after a downturn in share prices.</p><p><blockquote>即使在股价低迷之后，这两家中国电动汽车制造商的估值也很高。</blockquote></p><p> Stocks of electric-vehicle (EV) makers accelerated in 2020. And it's no secret that Chinese EV stocks were some of the most popular, as the largest automotive market in the world continues to move toward electrification in its transportation sector.</p><p><blockquote>电动汽车(EV)制造商的股票在2020年加速上涨。众所周知，中国电动汽车股票是最受欢迎的股票之一，因为这个全球最大的汽车市场继续向交通领域的电气化迈进。</blockquote></p><p> EV sales in China surpassed 1 million in 2020, and the government hopes to grow that to 5 million by 2025. It could reach 10 million by 2030, and approach 20 million by 2040, according to research organization BloombergNEF. Two electric automakers looking to capitalize on that expansion are&nbsp;<b>NIO</b>&nbsp;(NYSE:NIO)&nbsp;and&nbsp;<b>XPeng</b>&nbsp;(NYSE:XPEV). Investors may be wondering which is the better buy, particularly after a correction has hit share prices in the sector.</p><p><blockquote>2020年，中国电动汽车销量超过100万辆，政府希望到2025年将这一数字增长到500万辆。据研究机构BloombergNEF称，到2030年，这一数字可能达到1000万，到2040年接近2000万。两家希望利用这一扩张的电动汽车制造商是<b>蔚来</b>（纽约证券交易所代码：蔚来）和<b>小鹏</b>（纽约证券交易所代码：XPEV）。投资者可能想知道哪一个更好，尤其是在该行业股价出现调整之后。</blockquote></p><p> <b>The right market</b></p><p><blockquote><b>合适的市场</b></blockquote></p><p> As noted above, the largest automotive market in the world has much potential forEV growth. The problem is, there will be plenty of companies seeking to capitalize.<b>Tesla</b>&nbsp;(NASDAQ:TSLA)&nbsp;built its second manufacturing plant in Shanghai for a reason. And though they're maybe the most well-known Chinese EV makers, NIO and XPeng combined delivered only slightly more than half the 131,000 battery-electric vehicles that&nbsp;<b>BYD</b>&nbsp;(OTC:BYDDY)&nbsp;sold in 2020.</p><p><blockquote>如上所述，世界上最大的汽车市场具有巨大的增长潜力。问题是，将会有很多公司寻求资本化。<b>特斯拉</b>（纳斯达克：TSLA）在上海建立第二家制造工厂是有原因的。尽管蔚来和小鹏汽车可能是中国最知名的电动汽车制造商，但它们总共交付了131,000辆纯电动汽车的一半多一点。<b>比亚迪</b>（场外交易代码：比亚迪）2020年售出。</blockquote></p><p> NIO reached almost 44,000 vehicles delivered in 2020, while XPeng more than doubled its volume versus 2019 to 27,041. Both companies have recently introduced sedan models that each hopes will be significant drivers of future sales growth.</p><p><blockquote>蔚来在2020年交付了近44,000辆汽车，而小鹏汽车的销量比2019年增加了一倍多，达到27,041辆。两家公司最近都推出了轿车车型，都希望这些车型能够成为未来销售增长的重要推动力。</blockquote></p><p> XPeng's P7 sports sedan has surpassed a total of 20,000 cumulative deliveries since its launch in early 2020, as it moves ahead of the G3 compact SUV as the company's most popular vehicle. That marked the fastest pace to 20,000 vehicle deliveries of any Chinese EV start-up.</p><p><blockquote>自2020年初推出以来，小鹏汽车的P7运动型轿车累计交付量已超过20,000辆，超越G3紧凑型SUV成为该公司最受欢迎的汽车。这标志着中国电动汽车初创企业交付20,000辆汽车的最快速度。</blockquote></p><p> NIO introduced its new ET7 luxury sedan earlier this year. The ET7 will be available early next year, and has some intricate features. The sleek exterior includes autonomous driving sensors, a \"crystal-like heartbeat\" tail light, all-glass roof, and a digital entry system that extends the flush handle and automatically releases the door's \"e-latch\" as the driver approaches.</p><p><blockquote>蔚来今年早些时候推出了新款ET7豪华轿车。ET7将于明年初上市，具有一些复杂的功能。时尚的外观包括自动驾驶传感器、“水晶般的心跳”尾灯、全玻璃车顶和数字进入系统，该系统可以延伸齐平把手，并在驾驶员靠近时自动释放车门的“电子锁”。</blockquote></p><p> <b>Priced for perfection</b></p><p><blockquote><b>完美定价</b></blockquote></p><p> The strong sales growth along with massive potential for Chinese EVs had investors already piling into these stocks. But after shares of both NIO and XPeng soared last year, the stocks are off January 2021 highs by 27% and 38% respectively, making now a good time to see which may be the better buy.</p><p><blockquote>强劲的销售增长以及中国电动汽车的巨大潜力已经让投资者涌入这些股票。但在蔚来和小鹏汽车的股价去年飙升后，这些股票分别较2021年1月的高点下跌了27%和38%，现在是看看哪一个可能更好买入的好时机。</blockquote></p><p> Neither company is profitable yet, so one way to measure valuations is using sales rather than earnings. The&nbsp;price-to-sales ratios&nbsp;(P/S) are both very high, but sales are expected to grow quickly, and it's a relevant metric for comparing the two companies.</p><p><blockquote>两家公司都尚未盈利，因此衡量估值的一种方法是使用销售额而不是收益。市销率（P/S）都非常高，但销售额预计将快速增长，这是比较两家公司的相关指标。</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cf721bd77e4fa0e2530b3d2f86034920\" tg-width=\"720\" tg-height=\"483\"><span>NIO MARKET CAP DATA BY YCHARTS</span></p><p><blockquote><p class=\"t-img-caption\"><span>YCHARTS提供的蔚来市值数据</span></p></blockquote></p><p> Though NIO has the higher market cap, it is less expensive than XPeng as measured by the P/S ratio. NIO also has a unique approach to the market with its battery swap program, which allows customers to \"recharge\" via a faster battery exchange. The company says its automated battery swap stations take only three minutes to produce a fully charged battery replacement.</p><p><blockquote>尽管蔚来的市值较高，但以市盈率衡量，它的成本低于小鹏汽车。蔚来还通过其电池更换计划对市场采取了独特的方法，允许客户通过更快的电池更换来“充电”。该公司表示，其自动电池交换站只需三分钟即可更换充满电的电池。</blockquote></p><p> <b>Looking ahead</b></p><p><blockquote><b>展望未来</b></blockquote></p><p> NIO's push into the luxury sedan segment with its ET7 could help advance the company to the next level. Gross margins, gross profit, and operating cash flow went positive in 2020, indicating the path to profitability is in sight.</p><p><blockquote>蔚来凭借ET7进军豪华轿车领域可能有助于将该公司推向一个新的水平。2020年毛利率、毛利润和经营现金流均为正，表明盈利之路在望。</blockquote></p><p> Both companies look to be adequately capitalized to fund planned growth efforts. As of Dec. 31, 2020, NIO had $6.5 billion in cash and cash equivalents, restricted cash, and short-term investment on its balance sheet, and XPeng had about $5.4 billion. The companies could raise more money by&nbsp;listing on the Hong Kong Stock Exchange, which is reportedly being considered by both.</p><p><blockquote>两家公司都希望有足够的资本来资助计划的增长工作。截至2020年12月31日，蔚来资产负债表上的现金和现金等价物、限制性现金和短期投资为65亿美元，小鹏汽车约为54亿美元。两家公司可以通过在香港联交所上市来筹集更多资金，据报道，两家公司都在考虑上市。</blockquote></p><p> For investors looking to pick just one holding to participate in Chinese EV growth, NIO appears to be the better option of these two companies. Any investment still belongs in the speculative portion of a portfolio, with the potential for much volatility. But for those who can stomach that, and have an appropriate portion invested, the recent drop in shares helps make NIO a better buy than XPeng right now.</p><p><blockquote>对于只想选择一家公司来参与中国电动汽车增长的投资者来说，蔚来似乎是这两家公司中更好的选择。任何投资仍然属于投资组合的投机部分，有可能出现很大的波动。但对于那些能够承受这一点并进行适当投资的人来说，最近股价的下跌使蔚来目前比小鹏汽车更值得买入。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/03/14/better-buy-nio-vs-xpeng-motors/\">Motley Fool</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":{"XPEV":"小鹏汽车","NIO":"蔚来"},"source_url":"https://www.fool.com/investing/2021/03/14/better-buy-nio-vs-xpeng-motors/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1161179297","content_text":"The Chinese electric-vehicle makers both have rich valuations, even after a downturn in share prices.\nStocks of electric-vehicle (EV) makers accelerated in 2020. And it's no secret that Chinese EV stocks were some of the most popular, as the largest automotive market in the world continues to move toward electrification in its transportation sector.\nEV sales in China surpassed 1 million in 2020, and the government hopes to grow that to 5 million by 2025. It could reach 10 million by 2030, and approach 20 million by 2040, according to research organization BloombergNEF. Two electric automakers looking to capitalize on that expansion are NIO (NYSE:NIO) and XPeng (NYSE:XPEV). Investors may be wondering which is the better buy, particularly after a correction has hit share prices in the sector.\nThe right market\nAs noted above, the largest automotive market in the world has much potential forEV growth. The problem is, there will be plenty of companies seeking to capitalize.Tesla (NASDAQ:TSLA) built its second manufacturing plant in Shanghai for a reason. And though they're maybe the most well-known Chinese EV makers, NIO and XPeng combined delivered only slightly more than half the 131,000 battery-electric vehicles that BYD (OTC:BYDDY) sold in 2020.\nNIO reached almost 44,000 vehicles delivered in 2020, while XPeng more than doubled its volume versus 2019 to 27,041. Both companies have recently introduced sedan models that each hopes will be significant drivers of future sales growth.\nXPeng's P7 sports sedan has surpassed a total of 20,000 cumulative deliveries since its launch in early 2020, as it moves ahead of the G3 compact SUV as the company's most popular vehicle. That marked the fastest pace to 20,000 vehicle deliveries of any Chinese EV start-up.\nNIO introduced its new ET7 luxury sedan earlier this year. The ET7 will be available early next year, and has some intricate features. The sleek exterior includes autonomous driving sensors, a \"crystal-like heartbeat\" tail light, all-glass roof, and a digital entry system that extends the flush handle and automatically releases the door's \"e-latch\" as the driver approaches.\nPriced for perfection\nThe strong sales growth along with massive potential for Chinese EVs had investors already piling into these stocks. But after shares of both NIO and XPeng soared last year, the stocks are off January 2021 highs by 27% and 38% respectively, making now a good time to see which may be the better buy.\nNeither company is profitable yet, so one way to measure valuations is using sales rather than earnings. The price-to-sales ratios (P/S) are both very high, but sales are expected to grow quickly, and it's a relevant metric for comparing the two companies.\nNIO MARKET CAP DATA BY YCHARTS\nThough NIO has the higher market cap, it is less expensive than XPeng as measured by the P/S ratio. NIO also has a unique approach to the market with its battery swap program, which allows customers to \"recharge\" via a faster battery exchange. The company says its automated battery swap stations take only three minutes to produce a fully charged battery replacement.\nLooking ahead\nNIO's push into the luxury sedan segment with its ET7 could help advance the company to the next level. Gross margins, gross profit, and operating cash flow went positive in 2020, indicating the path to profitability is in sight.\nBoth companies look to be adequately capitalized to fund planned growth efforts. As of Dec. 31, 2020, NIO had $6.5 billion in cash and cash equivalents, restricted cash, and short-term investment on its balance sheet, and XPeng had about $5.4 billion. The companies could raise more money by listing on the Hong Kong Stock Exchange, which is reportedly being considered by both.\nFor investors looking to pick just one holding to participate in Chinese EV growth, NIO appears to be the better option of these two companies. Any investment still belongs in the speculative portion of a portfolio, with the potential for much volatility. But for those who can stomach that, and have an appropriate portion invested, the recent drop in shares helps make NIO a better buy than XPeng right now.","news_type":1,"symbols_score_info":{"XPEV":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":770,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322203439,"gmtCreate":1615806905921,"gmtModify":1703493265612,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275811040995","authorIdStr":"3575275811040995"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AAL\">$American Airlines(AAL)$</a>And premaerket looks good","listText":"<a href=\"https://laohu8.com/S/AAL\">$American Airlines(AAL)$</a>And premaerket looks good","text":"$American Airlines(AAL)$And premaerket looks good","images":[{"img":"https://static.tigerbbs.com/a227dde1428c975cb02f1b3ece637b53","width":"640","height":"909"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/322203439","isVote":1,"tweetType":1,"viewCount":1243,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3460093800241780","authorId":"3460093800241780","name":"尛田","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"idStr":"3460093800241780","authorIdStr":"3460093800241780"},"content":"是中国人吗？","text":"是中国人吗？","html":"是中国人吗？"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":326261374,"gmtCreate":1615663098798,"gmtModify":1703491928792,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275811040995","authorIdStr":"3575275811040995"},"themes":[],"htmlText":"[惊讶]&nbsp;","listText":"[惊讶]&nbsp;","text":"[惊讶]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/326261374","repostId":"2118968478","repostType":4,"isVote":1,"tweetType":1,"viewCount":1687,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":326261965,"gmtCreate":1615663035757,"gmtModify":1703491928962,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275811040995","authorIdStr":"3575275811040995"},"themes":[],"htmlText":"It will up again","listText":"It will up again","text":"It will up again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/326261965","repostId":"1100128328","repostType":4,"repost":{"id":"1100128328","kind":"news","pubTimestamp":1615563404,"share":"https://www.laohu8.com/m/news/1100128328?lang=zh_CN&edition=full","pubTime":"2021-03-12 23:36","market":"us","language":"en","title":"Tesla Stock Is Down. You Could Blame Joe Biden.<blockquote>特斯拉股价下跌。你可以责怪乔·拜登。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1100128328","media":"Barrons","summary":"Stock inTesla is lower after CNBC reported that the electric-vehicle company had a firein its Fremon","content":"<p>Stock inTesla&nbsp;is lower after CNBC reported that the&nbsp;electric-vehicle&nbsp;company&nbsp;had a firein its Fremont, Calif. plant, but the blaze probably isn’t the reason for the dip.</p><p><blockquote>CNBC报道电动汽车公司特斯拉在加利福尼亚州弗里蒙特发生火灾后，该公司股价走低。植物，但大火可能不是下降的原因。</blockquote></p><p>Fires are just a normal, albeit unfortunate, operating problem for any manufacturer. Tesla (ticker: TSLA) didn’t immediately respond to a request for comment about the fire or the damage it may have caused.</p><p><blockquote>对于任何制造商来说，火灾只是一个正常但不幸的操作问题。特斯拉（股票代码：TSLA）没有立即回应有关火灾或火灾可能造成的损失的置评请求。</blockquote></p><p>President Joe Biden is probably responsible for the share-price decline, which left the stock about 2.7% lower in premarket trading, at about $680. It has beena wild weekfor Tesla stockholders. Shares started off the week at about $675,traded above $700and fell to about $560 before bounding back, up 4.7% Thursday, to just under $700.</p><p><blockquote>总统乔·拜登可能对股价下跌负有责任，该股在盘前交易中下跌约2.7%，至约680美元。对于特斯拉股东来说，这是疯狂的一周。本周初股价约为675美元，交易价格高于700美元，跌至约560美元，然后反弹，周四上涨4.7%，至略低于700美元。</blockquote></p><p>Nothing Tesla has done appears to be the reason for the recent volatility. It’s all about interest rates.</p><p><blockquote>特斯拉所做的一切似乎都不是最近波动的原因。一切都与利率有关。</blockquote></p><p>That is where the president comes into the picture. Thursday evening, he addressed the nation, focusing on putting Covid-19 in the rearview mirror a year after the World Health Organization declared that a pandemic had begun.</p><p><blockquote>这就是总统发挥作用的地方。周四晚上，他向全国发表讲话，重点是在世界卫生组织宣布疫情已经开始一年后，将新冠肺炎(Covid-19)抛在脑后。</blockquote></p><p>“All adult Americans will be eligible to get a vaccine no later than May 1,” said the president, adding the federal government is setting up hundreds of vaccination sites and procuring millions more vaccine doses.</p><p><blockquote>总统说：“所有成年美国人都有资格在5月1日之前接种疫苗。”他补充说，联邦政府正在建立数百个疫苗接种点，并采购数百万剂疫苗。</blockquote></p><p>It’s good news, but the market is selling off Friday morning. For stocks, the speech represents almost too much of a good thing. The economy is reopening and, as a result,bond yields are rising, putting pressure on high-growth stocks.</p><p><blockquote>这是个好消息，但周五早上市场正在抛售。对于股票来说，这次讲话几乎代表了太多的好事。经济正在重新开放，因此债券收益率正在上升，给高增长股票带来压力。</blockquote></p><p>Futures on the&nbsp;Nasdaq Composite&nbsp;Index, home to many highflying tech stocks, are down 1.6%.Dow Jones Industrial Averagefutures, on the other hand, are flat.</p><p><blockquote>拥有许多飙升的科技股的纳斯达克综合指数期货下跌1.6%。另一方面，道琼斯工业平均指数期货持平。</blockquote></p><p>Higher yields hurt richly valued, fast-growing companies more than others for a couple of reasons. One, they makes funding growth more expensive. Two, high- growth companies are expected generate most of their cash far in the future. That cash is a little less valuable in present terms when rates are high, compared with when rates are low. In a higher-rate environment, investors have more options to earn interest today, which puts pressure on high-growth stocks’ valuations.</p><p><blockquote>较高的收益率对估值高、快速增长的公司的伤害比其他公司更大，原因有几个。第一，它们使融资增长更加昂贵。第二，高增长公司预计将在未来产生大部分现金。与利率低时相比，利率高时现金的价值较低。在利率较高的环境下，投资者如今有更多赚取利息的选择，这给高增长股票的估值带来压力。</blockquote></p><p>A Friday dip, however,doesn’t mean the end&nbsp;of the bull market in Tesla, EV stocks or the Nasdaq. Getting the economy back on its feet is a good thing. Investors just need a chance to adjust to the changing landscape.</p><p><blockquote>然而，周五的下跌并不意味着特斯拉、电动汽车股票或纳斯达克牛市的结束。让经济重新站稳脚跟是件好事。投资者只是需要一个机会来适应不断变化的环境。</blockquote></p><p>“There’s a good chance you, your families and friends will be able to get together in your backyard or in your neighborhood and have a cookout …and celebrate Independence Day,” Biden said. That is great news.</p><p><blockquote>拜登说：“你、你的家人和朋友很有可能能够在你的后院或附近聚会，野餐……庆祝独立日。”这是个好消息。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Stock Is Down. You Could Blame Joe Biden.<blockquote>特斯拉股价下跌。你可以责怪乔·拜登。</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\">\nTesla Stock Is Down. You Could Blame Joe Biden.<blockquote>特斯拉股价下跌。你可以责怪乔·拜登。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-03-12 23:36</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Stock inTesla&nbsp;is lower after CNBC reported that the&nbsp;electric-vehicle&nbsp;company&nbsp;had a firein its Fremont, Calif. plant, but the blaze probably isn’t the reason for the dip.</p><p><blockquote>CNBC报道电动汽车公司特斯拉在加利福尼亚州弗里蒙特发生火灾后，该公司股价走低。植物，但大火可能不是下降的原因。</blockquote></p><p>Fires are just a normal, albeit unfortunate, operating problem for any manufacturer. Tesla (ticker: TSLA) didn’t immediately respond to a request for comment about the fire or the damage it may have caused.</p><p><blockquote>对于任何制造商来说，火灾只是一个正常但不幸的操作问题。特斯拉（股票代码：TSLA）没有立即回应有关火灾或火灾可能造成的损失的置评请求。</blockquote></p><p>President Joe Biden is probably responsible for the share-price decline, which left the stock about 2.7% lower in premarket trading, at about $680. It has beena wild weekfor Tesla stockholders. Shares started off the week at about $675,traded above $700and fell to about $560 before bounding back, up 4.7% Thursday, to just under $700.</p><p><blockquote>总统乔·拜登可能对股价下跌负有责任，该股在盘前交易中下跌约2.7%，至约680美元。对于特斯拉股东来说，这是疯狂的一周。本周初股价约为675美元，交易价格高于700美元，跌至约560美元，然后反弹，周四上涨4.7%，至略低于700美元。</blockquote></p><p>Nothing Tesla has done appears to be the reason for the recent volatility. It’s all about interest rates.</p><p><blockquote>特斯拉所做的一切似乎都不是最近波动的原因。一切都与利率有关。</blockquote></p><p>That is where the president comes into the picture. Thursday evening, he addressed the nation, focusing on putting Covid-19 in the rearview mirror a year after the World Health Organization declared that a pandemic had begun.</p><p><blockquote>这就是总统发挥作用的地方。周四晚上，他向全国发表讲话，重点是在世界卫生组织宣布疫情已经开始一年后，将新冠肺炎(Covid-19)抛在脑后。</blockquote></p><p>“All adult Americans will be eligible to get a vaccine no later than May 1,” said the president, adding the federal government is setting up hundreds of vaccination sites and procuring millions more vaccine doses.</p><p><blockquote>总统说：“所有成年美国人都有资格在5月1日之前接种疫苗。”他补充说，联邦政府正在建立数百个疫苗接种点，并采购数百万剂疫苗。</blockquote></p><p>It’s good news, but the market is selling off Friday morning. For stocks, the speech represents almost too much of a good thing. The economy is reopening and, as a result,bond yields are rising, putting pressure on high-growth stocks.</p><p><blockquote>这是个好消息，但周五早上市场正在抛售。对于股票来说，这次讲话几乎代表了太多的好事。经济正在重新开放，因此债券收益率正在上升，给高增长股票带来压力。</blockquote></p><p>Futures on the&nbsp;Nasdaq Composite&nbsp;Index, home to many highflying tech stocks, are down 1.6%.Dow Jones Industrial Averagefutures, on the other hand, are flat.</p><p><blockquote>拥有许多飙升的科技股的纳斯达克综合指数期货下跌1.6%。另一方面，道琼斯工业平均指数期货持平。</blockquote></p><p>Higher yields hurt richly valued, fast-growing companies more than others for a couple of reasons. One, they makes funding growth more expensive. Two, high- growth companies are expected generate most of their cash far in the future. That cash is a little less valuable in present terms when rates are high, compared with when rates are low. In a higher-rate environment, investors have more options to earn interest today, which puts pressure on high-growth stocks’ valuations.</p><p><blockquote>较高的收益率对估值高、快速增长的公司的伤害比其他公司更大，原因有几个。第一，它们使融资增长更加昂贵。第二，高增长公司预计将在未来产生大部分现金。与利率低时相比，利率高时现金的价值较低。在利率较高的环境下，投资者如今有更多赚取利息的选择，这给高增长股票的估值带来压力。</blockquote></p><p>A Friday dip, however,doesn’t mean the end&nbsp;of the bull market in Tesla, EV stocks or the Nasdaq. Getting the economy back on its feet is a good thing. Investors just need a chance to adjust to the changing landscape.</p><p><blockquote>然而，周五的下跌并不意味着特斯拉、电动汽车股票或纳斯达克牛市的结束。让经济重新站稳脚跟是件好事。投资者只是需要一个机会来适应不断变化的环境。</blockquote></p><p>“There’s a good chance you, your families and friends will be able to get together in your backyard or in your neighborhood and have a cookout …and celebrate Independence Day,” Biden said. That is great news.</p><p><blockquote>拜登说：“你、你的家人和朋友很有可能能够在你的后院或附近聚会，野餐……庆祝独立日。”这是个好消息。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/tesla-stock-is-down-you-could-blame-joe-biden-51615557806?mod=hp_LATEST\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://www.barrons.com/articles/tesla-stock-is-down-you-could-blame-joe-biden-51615557806?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1100128328","content_text":"Stock inTesla is lower after CNBC reported that the electric-vehicle company had a firein its Fremont, Calif. plant, but the blaze probably isn’t the reason for the dip.Fires are just a normal, albeit unfortunate, operating problem for any manufacturer. Tesla (ticker: TSLA) didn’t immediately respond to a request for comment about the fire or the damage it may have caused.President Joe Biden is probably responsible for the share-price decline, which left the stock about 2.7% lower in premarket trading, at about $680. It has beena wild weekfor Tesla stockholders. Shares started off the week at about $675,traded above $700and fell to about $560 before bounding back, up 4.7% Thursday, to just under $700.Nothing Tesla has done appears to be the reason for the recent volatility. It’s all about interest rates.That is where the president comes into the picture. Thursday evening, he addressed the nation, focusing on putting Covid-19 in the rearview mirror a year after the World Health Organization declared that a pandemic had begun.“All adult Americans will be eligible to get a vaccine no later than May 1,” said the president, adding the federal government is setting up hundreds of vaccination sites and procuring millions more vaccine doses.It’s good news, but the market is selling off Friday morning. For stocks, the speech represents almost too much of a good thing. The economy is reopening and, as a result,bond yields are rising, putting pressure on high-growth stocks.Futures on the Nasdaq Composite Index, home to many highflying tech stocks, are down 1.6%.Dow Jones Industrial Averagefutures, on the other hand, are flat.Higher yields hurt richly valued, fast-growing companies more than others for a couple of reasons. One, they makes funding growth more expensive. Two, high- growth companies are expected generate most of their cash far in the future. That cash is a little less valuable in present terms when rates are high, compared with when rates are low. In a higher-rate environment, investors have more options to earn interest today, which puts pressure on high-growth stocks’ valuations.A Friday dip, however,doesn’t mean the end of the bull market in Tesla, EV stocks or the Nasdaq. Getting the economy back on its feet is a good thing. Investors just need a chance to adjust to the changing landscape.“There’s a good chance you, your families and friends will be able to get together in your backyard or in your neighborhood and have a cookout …and celebrate Independence Day,” Biden said. That is great news.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":476,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":326989918,"gmtCreate":1615576870434,"gmtModify":1703491214564,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275811040995","authorIdStr":"3575275811040995"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AAL\">$American Airlines(AAL)$</a>Finally green for me&nbsp;","listText":"<a href=\"https://laohu8.com/S/AAL\">$American Airlines(AAL)$</a>Finally green for me&nbsp;","text":"$American Airlines(AAL)$Finally green for me","images":[{"img":"https://static.tigerbbs.com/a9e1e466b72cf0c9b458427897830449","width":"640","height":"909"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/326989918","isVote":1,"tweetType":1,"viewCount":609,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":328469685,"gmtCreate":1615551937847,"gmtModify":1703490803241,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275811040995","authorIdStr":"3575275811040995"},"themes":[],"htmlText":"Well,&nbsp; drop again today 😭","listText":"Well,&nbsp; drop again today 😭","text":"Well, drop again today 😭","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/328469685","repostId":"1195587343","repostType":4,"repost":{"id":"1195587343","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":1615474639,"share":"https://www.laohu8.com/m/news/1195587343?lang=zh_CN&edition=full","pubTime":"2021-03-11 22:57","market":"us","language":"en","title":"EV  Stocks are blazing hot, once again.<blockquote>电动汽车股票再次火爆。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1195587343","media":"Tiger Newspress","summary":"Xpeng Motors stock is up 10% to $33.8 in Thursday morning trading,Li Auto&nbsp;up&nbsp;7.8%,NIO&nbsp;up&nbsp;5.2%,Tesla&nbsp;up&nbsp;3.4%.","content":"<p>Xpeng Motors stock is up 10% to $33.8 in Thursday morning trading,Li Auto&nbsp;up&nbsp;7.8%,NIO&nbsp;up&nbsp;5.2%,Tesla&nbsp;up&nbsp;3.4%.</p><p><blockquote>周四早盘，小鹏汽车股价上涨10%，至33.8美元，理想汽车上涨7.8%，蔚来上涨5.2%，特斯拉上涨3.4%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/50acfad49f16b775a36151e7e52d3648\" tg-width=\"412\" tg-height=\"295\"></p><p><blockquote></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>EV  Stocks are blazing hot, once again.<blockquote>电动汽车股票再次火爆。</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\">\nEV  Stocks are blazing hot, once again.<blockquote>电动汽车股票再次火爆。</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\">2021-03-11 22:57</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Xpeng Motors stock is up 10% to $33.8 in Thursday morning trading,Li Auto&nbsp;up&nbsp;7.8%,NIO&nbsp;up&nbsp;5.2%,Tesla&nbsp;up&nbsp;3.4%.</p><p><blockquote>周四早盘，小鹏汽车股价上涨10%，至33.8美元，理想汽车上涨7.8%，蔚来上涨5.2%，特斯拉上涨3.4%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/50acfad49f16b775a36151e7e52d3648\" tg-width=\"412\" tg-height=\"295\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XPEV":"小鹏汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1195587343","content_text":"Xpeng Motors stock is up 10% to $33.8 in Thursday morning trading,Li Auto up 7.8%,NIO up 5.2%,Tesla up 3.4%.","news_type":1,"symbols_score_info":{"XPEV":0.9}},"isVote":1,"tweetType":1,"viewCount":599,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328487097,"gmtCreate":1615551623019,"gmtModify":1703490799965,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275811040995","authorIdStr":"3575275811040995"},"themes":[],"htmlText":"Good news","listText":"Good news","text":"Good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/328487097","repostId":"2118525879","repostType":4,"isVote":1,"tweetType":1,"viewCount":649,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328007720,"gmtCreate":1615473767960,"gmtModify":1703489605980,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3575275811040995","authorIdStr":"3575275811040995"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/RBLX\">$Roblox Corporation(RBLX)$</a>Buy n hold","listText":"<a href=\"https://laohu8.com/S/RBLX\">$Roblox Corporation(RBLX)$</a>Buy n hold","text":"$Roblox Corporation(RBLX)$Buy n hold","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/328007720","isVote":1,"tweetType":1,"viewCount":500,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":322203439,"gmtCreate":1615806905921,"gmtModify":1703493265612,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275811040995","idStr":"3575275811040995"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AAL\">$American Airlines(AAL)$</a>And premaerket looks good","listText":"<a href=\"https://laohu8.com/S/AAL\">$American Airlines(AAL)$</a>And premaerket looks good","text":"$American Airlines(AAL)$And premaerket looks good","images":[{"img":"https://static.tigerbbs.com/a227dde1428c975cb02f1b3ece637b53","width":"640","height":"909"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/322203439","isVote":1,"tweetType":1,"viewCount":1243,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3460093800241780","authorId":"3460093800241780","name":"尛田","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3460093800241780","idStr":"3460093800241780"},"content":"是中国人吗？","text":"是中国人吗？","html":"是中国人吗？"}],"imageCount":1,"langContent":"EN","totalScore":0},{"id":324585520,"gmtCreate":1616009476560,"gmtModify":1703496320512,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275811040995","idStr":"3575275811040995"},"themes":[],"htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/324585520","repostId":"1184930969","repostType":4,"repost":{"id":"1184930969","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":1615995220,"share":"https://www.laohu8.com/m/news/1184930969?lang=zh_CN&edition=full","pubTime":"2021-03-17 23:33","market":"us","language":"en","title":"Disney stocks soared, after Disney CEO Bob Chapek says Disneyland to reopen on April 30<blockquote>迪士尼首席执行官鲍勃·查佩克表示迪士尼乐园将于4月30日重新开放后，迪士尼股价飙升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1184930969","media":"Tiger Newspress","summary":"California's twoDisneytheme parks will reopen on April 30, CEO Bob Chapek said on CNBC's \"Squawk Alley\" Wednesday.All theme parks in California have been closed due to Covid-related restrictions for the past year. While guidelines in other states, like Florida, allowed parks to reopen with limited capacity, California's rules have kept theme parks big and small shuttered.However, new state guidance permits amusement parks to reopen beginning April 1 with 15% to 35% capacity depending on the prev","content":"<p>(March 17)&nbsp;Disney stocks soared, after Disney CEO Bob Chapek says Disneyland to reopen on April 30.</p><p><blockquote>（3月17日）迪士尼股票飙升，此前迪士尼首席执行官鲍勃·查佩克表示迪士尼乐园将于4月30日重新开放。</blockquote></p><p><img src=\"https://static.tigerbbs.com/db430141c5946bb77728ce504ac1dc81\" tg-width=\"685\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>California's twoDisneytheme parks will reopen on April 30, CEO Bob Chapek said on CNBC's \"Squawk Alley\" Wednesday.</p><p><blockquote>加州的两个迪士尼主题公园将于4月30日重新开放，首席执行官鲍勃·查佩克(Bob Chapek)周三在CNBC的“Squawk Alley”节目中表示。</blockquote></p><p>All theme parks in California have been closed due to Covid-related restrictions for the past year. While guidelines in other states, like Florida, allowed parks to reopen with limited capacity, California's rules have kept theme parks big and small shuttered.</p><p><blockquote>由于过去一年与Covid相关的限制，加州的所有主题公园都已关闭。虽然佛罗里达州等其他州的指导方针允许公园在容量有限的情况下重新开放，但加利福尼亚州的规定却让大大小小的主题公园关闭。</blockquote></p><p>However,&nbsp;new state guidance&nbsp;permits amusement parks to reopen beginning April 1 with 15% to 35% capacity depending on the prevalence of the virus in the community. Masks and other health precautions will be required.</p><p><blockquote>然而，新的州指导允许游乐园从4月1日开始以15%至35%的容量重新开放，这取决于病毒在社区中的流行情况。将需要口罩和其他健康预防措施。</blockquote></p><p>California is reporting just under 2,900 new Covid-19 cases per day, based on a weekly average, a near 32% decline compared with a week ago, according to a CNBC analysis of data compiled by Johns Hopkins University. The rate of new Covid cases has been on the decline as more people have been getting vaccinated. With ramp ups in supply and acces, on average about 2.4 million people are getting vaccinated daily in the U.S.</p><p><blockquote>根据CNBC对约翰·霍普金斯大学汇编的数据的分析，按周平均值计算，加州每天报告近2,900例新的Covid-19病例，与一周前相比下降了近32%。随着越来越多的人接种疫苗，新的Covid病例率一直在下降。随着供应和获取的增加，美国平均每天约有240万人接种疫苗。</blockquote></p><p>Orange County, where Disneyland and California Adventure are located, are seeing four new cases a day per 100,000 residents. At its peak, the county saw 118 new cases a day per 100,000 people back in mid-January.</p><p><blockquote>迪士尼乐园和加州冒险乐园所在的奥兰治县每天每10万居民中有4例新病例。在1月中旬的高峰期，该县每天每10万人中有118例新病例。</blockquote></p><p>The shutdown last year led Disney tolay off tens of thousands of workers&nbsp;and slashed an important source of revenue for the media company. The parks, experiences and consumer products segment accounted for 37% of the company's $69.6 billion in total revenue in 2019, or around $26.2 billion.</p><p><blockquote>去年的关闭导致迪士尼解雇了数万名员工，并削减了这家媒体公司的重要收入来源。公园、体验和消费品部门占该公司2019年696亿美元总收入的37%，约合262亿美元。</blockquote></p><p>A year later, revenue shrunk to $16.5 billion, or around 25% of the company's $65.4 billion in total revenue.</p><p><blockquote>一年后，收入萎缩至165亿美元，约占公司654亿美元总收入的25%。</blockquote></p><p>During the company's fiscal first-quarter earnings call, Chief Financial Officer Christine McCarthy said that for the parks that have been open during the pandemic, the company was able to make a profit from the guests who visited despite reduced capacity levels.</p><p><blockquote>在该公司第一财季财报看涨期权上，首席财务官Christine McCarthy表示，对于在疫情期间开放的公园，尽管容量水平下降，该公司仍能够从参观的游客中获利。</blockquote></p><p>As parks expand capacity and reopen, there will be some level of social distancing and mask wearing for the rest of the year.</p><p><blockquote>随着公园扩大容量和重新开放，今年剩下的时间里将会有一定程度的社交距离和戴口罩。</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>Disney stocks soared, after Disney CEO Bob Chapek says Disneyland to reopen on April 30<blockquote>迪士尼首席执行官鲍勃·查佩克表示迪士尼乐园将于4月30日重新开放后，迪士尼股价飙升</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\">\nDisney stocks soared, after Disney CEO Bob Chapek says Disneyland to reopen on April 30<blockquote>迪士尼首席执行官鲍勃·查佩克表示迪士尼乐园将于4月30日重新开放后，迪士尼股价飙升</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\">2021-03-17 23:33</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(March 17)&nbsp;Disney stocks soared, after Disney CEO Bob Chapek says Disneyland to reopen on April 30.</p><p><blockquote>（3月17日）迪士尼股票飙升，此前迪士尼首席执行官鲍勃·查佩克表示迪士尼乐园将于4月30日重新开放。</blockquote></p><p><img src=\"https://static.tigerbbs.com/db430141c5946bb77728ce504ac1dc81\" tg-width=\"685\" tg-height=\"480\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>California's twoDisneytheme parks will reopen on April 30, CEO Bob Chapek said on CNBC's \"Squawk Alley\" Wednesday.</p><p><blockquote>加州的两个迪士尼主题公园将于4月30日重新开放，首席执行官鲍勃·查佩克(Bob Chapek)周三在CNBC的“Squawk Alley”节目中表示。</blockquote></p><p>All theme parks in California have been closed due to Covid-related restrictions for the past year. While guidelines in other states, like Florida, allowed parks to reopen with limited capacity, California's rules have kept theme parks big and small shuttered.</p><p><blockquote>由于过去一年与Covid相关的限制，加州的所有主题公园都已关闭。虽然佛罗里达州等其他州的指导方针允许公园在容量有限的情况下重新开放，但加利福尼亚州的规定却让大大小小的主题公园关闭。</blockquote></p><p>However,&nbsp;new state guidance&nbsp;permits amusement parks to reopen beginning April 1 with 15% to 35% capacity depending on the prevalence of the virus in the community. Masks and other health precautions will be required.</p><p><blockquote>然而，新的州指导允许游乐园从4月1日开始以15%至35%的容量重新开放，这取决于病毒在社区中的流行情况。将需要口罩和其他健康预防措施。</blockquote></p><p>California is reporting just under 2,900 new Covid-19 cases per day, based on a weekly average, a near 32% decline compared with a week ago, according to a CNBC analysis of data compiled by Johns Hopkins University. The rate of new Covid cases has been on the decline as more people have been getting vaccinated. With ramp ups in supply and acces, on average about 2.4 million people are getting vaccinated daily in the U.S.</p><p><blockquote>根据CNBC对约翰·霍普金斯大学汇编的数据的分析，按周平均值计算，加州每天报告近2,900例新的Covid-19病例，与一周前相比下降了近32%。随着越来越多的人接种疫苗，新的Covid病例率一直在下降。随着供应和获取的增加，美国平均每天约有240万人接种疫苗。</blockquote></p><p>Orange County, where Disneyland and California Adventure are located, are seeing four new cases a day per 100,000 residents. At its peak, the county saw 118 new cases a day per 100,000 people back in mid-January.</p><p><blockquote>迪士尼乐园和加州冒险乐园所在的奥兰治县每天每10万居民中有4例新病例。在1月中旬的高峰期，该县每天每10万人中有118例新病例。</blockquote></p><p>The shutdown last year led Disney tolay off tens of thousands of workers&nbsp;and slashed an important source of revenue for the media company. The parks, experiences and consumer products segment accounted for 37% of the company's $69.6 billion in total revenue in 2019, or around $26.2 billion.</p><p><blockquote>去年的关闭导致迪士尼解雇了数万名员工，并削减了这家媒体公司的重要收入来源。公园、体验和消费品部门占该公司2019年696亿美元总收入的37%，约合262亿美元。</blockquote></p><p>A year later, revenue shrunk to $16.5 billion, or around 25% of the company's $65.4 billion in total revenue.</p><p><blockquote>一年后，收入萎缩至165亿美元，约占公司654亿美元总收入的25%。</blockquote></p><p>During the company's fiscal first-quarter earnings call, Chief Financial Officer Christine McCarthy said that for the parks that have been open during the pandemic, the company was able to make a profit from the guests who visited despite reduced capacity levels.</p><p><blockquote>在该公司第一财季财报看涨期权上，首席财务官Christine McCarthy表示，对于在疫情期间开放的公园，尽管容量水平下降，该公司仍能够从参观的游客中获利。</blockquote></p><p>As parks expand capacity and reopen, there will be some level of social distancing and mask wearing for the rest of the year.</p><p><blockquote>随着公园扩大容量和重新开放，今年剩下的时间里将会有一定程度的社交距离和戴口罩。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/fcabf75ca25b5c2a5767c559e42702f8","relate_stocks":{"DIS":"迪士尼"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1184930969","content_text":"(March 17) Disney stocks soared, after Disney CEO Bob Chapek says Disneyland to reopen on April 30.California's twoDisneytheme parks will reopen on April 30, CEO Bob Chapek said on CNBC's \"Squawk Alley\" Wednesday.All theme parks in California have been closed due to Covid-related restrictions for the past year. While guidelines in other states, like Florida, allowed parks to reopen with limited capacity, California's rules have kept theme parks big and small shuttered.However, new state guidance permits amusement parks to reopen beginning April 1 with 15% to 35% capacity depending on the prevalence of the virus in the community. Masks and other health precautions will be required.California is reporting just under 2,900 new Covid-19 cases per day, based on a weekly average, a near 32% decline compared with a week ago, according to a CNBC analysis of data compiled by Johns Hopkins University. The rate of new Covid cases has been on the decline as more people have been getting vaccinated. With ramp ups in supply and acces, on average about 2.4 million people are getting vaccinated daily in the U.S.Orange County, where Disneyland and California Adventure are located, are seeing four new cases a day per 100,000 residents. At its peak, the county saw 118 new cases a day per 100,000 people back in mid-January.The shutdown last year led Disney tolay off tens of thousands of workers and slashed an important source of revenue for the media company. The parks, experiences and consumer products segment accounted for 37% of the company's $69.6 billion in total revenue in 2019, or around $26.2 billion.A year later, revenue shrunk to $16.5 billion, or around 25% of the company's $65.4 billion in total revenue.During the company's fiscal first-quarter earnings call, Chief Financial Officer Christine McCarthy said that for the parks that have been open during the pandemic, the company was able to make a profit from the guests who visited despite reduced capacity levels.As parks expand capacity and reopen, there will be some level of social distancing and mask wearing for the rest of the year.","news_type":1,"symbols_score_info":{"DIS":0.9}},"isVote":1,"tweetType":1,"viewCount":3228,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355540195,"gmtCreate":1617090216317,"gmtModify":1634522714035,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275811040995","idStr":"3575275811040995"},"themes":[],"htmlText":"What do you think Mi phone ?","listText":"What do you think Mi phone ?","text":"What do you think Mi phone ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/355540195","repostId":"1196597601","repostType":4,"isVote":1,"tweetType":1,"viewCount":1556,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328487097,"gmtCreate":1615551623019,"gmtModify":1703490799965,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275811040995","idStr":"3575275811040995"},"themes":[],"htmlText":"Good news","listText":"Good news","text":"Good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/328487097","repostId":"2118525879","repostType":4,"isVote":1,"tweetType":1,"viewCount":649,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321436436,"gmtCreate":1615459862025,"gmtModify":1703489337893,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275811040995","idStr":"3575275811040995"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/RBLX\">$Roblox Corporation(RBLX)$</a>I think itis overvalue. But I still buy it [笑哭]&nbsp;","listText":"<a href=\"https://laohu8.com/S/RBLX\">$Roblox Corporation(RBLX)$</a>I think itis overvalue. But I still buy it [笑哭]&nbsp;","text":"$Roblox Corporation(RBLX)$I think itis overvalue. But I still buy it [笑哭]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/321436436","isVote":1,"tweetType":1,"viewCount":2735,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3568344751931616","authorId":"3568344751931616","name":"勿追涨杀跌","avatar":"https://static.tigerbbs.com/6b32526af70ac7698149458476a30b18","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3568344751931616","idStr":"3568344751931616"},"content":"没关系 ark护盘 没什么好担心的","text":"没关系 ark护盘 没什么好担心的","html":"没关系 ark护盘 没什么好担心的"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":324280502,"gmtCreate":1615994636306,"gmtModify":1703496170350,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275811040995","idStr":"3575275811040995"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>😭😅","listText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>😭😅","text":"$XPeng Inc.(XPEV)$😭😅","images":[{"img":"https://static.tigerbbs.com/407a1059634be7d1daa479f9e65ea661","width":"640","height":"909"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/324280502","isVote":1,"tweetType":1,"viewCount":3547,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":325211704,"gmtCreate":1615901925108,"gmtModify":1703494731830,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275811040995","idStr":"3575275811040995"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/RBLX\">$Roblox Corporation(RBLX)$</a>What do you think a good entry point ?&nbsp;","listText":"<a href=\"https://laohu8.com/S/RBLX\">$Roblox Corporation(RBLX)$</a>What do you think a good entry point ?&nbsp;","text":"$Roblox Corporation(RBLX)$What do you think a good entry point ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":1,"link":"https://laohu8.com/post/325211704","isVote":1,"tweetType":1,"viewCount":1387,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":326989918,"gmtCreate":1615576870434,"gmtModify":1703491214564,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275811040995","idStr":"3575275811040995"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/AAL\">$American Airlines(AAL)$</a>Finally green for me&nbsp;","listText":"<a href=\"https://laohu8.com/S/AAL\">$American Airlines(AAL)$</a>Finally green for me&nbsp;","text":"$American Airlines(AAL)$Finally green for me","images":[{"img":"https://static.tigerbbs.com/a9e1e466b72cf0c9b458427897830449","width":"640","height":"909"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/326989918","isVote":1,"tweetType":1,"viewCount":609,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":323050340,"gmtCreate":1615291646080,"gmtModify":1703486849212,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275811040995","idStr":"3575275811040995"},"themes":[],"htmlText":"If there is a thumb down, i would like to put a thumb down because reading to the end, the British royal family topic came out. i am reading an article of stock market but has no interestjn any royal family issue&nbsp;","listText":"If there is a thumb down, i would like to put a thumb down because reading to the end, the British royal family topic came out. i am reading an article of stock market but has no interestjn any royal family issue&nbsp;","text":"If there is a thumb down, i would like to put a thumb down because reading to the end, the British royal family topic came out. i am reading an article of stock market but has no interestjn any royal family issue","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/323050340","repostId":"1142460432","repostType":4,"isVote":1,"tweetType":1,"viewCount":206,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":367483638,"gmtCreate":1614961271224,"gmtModify":1703483689661,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275811040995","idStr":"3575275811040995"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>累🥱","listText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>累🥱","text":"$XPeng Inc.(XPEV)$累🥱","images":[{"img":"https://static.tigerbbs.com/37aead4d4ad223d9c35e25b02ba4c841","width":"640","height":"909"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/367483638","isVote":1,"tweetType":1,"viewCount":1669,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":364258196,"gmtCreate":1614858296815,"gmtModify":1703482057565,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275811040995","idStr":"3575275811040995"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>Hold or close with loss ?&nbsp;","listText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>Hold or close with loss ?&nbsp;","text":"$XPeng Inc.(XPEV)$Hold or close with loss ?","images":[{"img":"https://static.tigerbbs.com/faf95e2f2fc97bd7e1f7bce13b6b8edf","width":"640","height":"909"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/364258196","isVote":1,"tweetType":1,"viewCount":615,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":361975363,"gmtCreate":1614198190052,"gmtModify":1634550777987,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275811040995","idStr":"3575275811040995"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>:( 几时会上啊","listText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>:( 几时会上啊","text":"$XPeng Inc.(XPEV)$:( 几时会上啊","images":[{"img":"https://static.tigerbbs.com/51ac3a5dc135c3dd56d320d3c42fe5c6","width":"640","height":"1065"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/361975363","isVote":1,"tweetType":1,"viewCount":1898,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3498009519690739","authorId":"3498009519690739","name":"michaeblake","avatar":"https://static.tigerbbs.com/32e5e5960ee8941944af6bc4c4bb966a","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3498009519690739","idStr":"3498009519690739"},"content":"我们成本差不多呀","text":"我们成本差不多呀","html":"我们成本差不多呀"}],"imageCount":1,"langContent":"CN","totalScore":0},{"id":355540048,"gmtCreate":1617090175184,"gmtModify":1634522714257,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275811040995","idStr":"3575275811040995"},"themes":[],"htmlText":"👍","listText":"👍","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355540048","repostId":"1165495068","repostType":4,"isVote":1,"tweetType":1,"viewCount":3060,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350815025,"gmtCreate":1616176992767,"gmtModify":1634526847276,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275811040995","idStr":"3575275811040995"},"themes":[],"htmlText":"[难过]&nbsp;","listText":"[难过]&nbsp;","text":"[难过]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/350815025","repostId":"1132724682","repostType":4,"isVote":1,"tweetType":1,"viewCount":2746,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":321940783,"gmtCreate":1615390405042,"gmtModify":1703488425957,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275811040995","idStr":"3575275811040995"},"themes":[],"htmlText":"Crazy","listText":"Crazy","text":"Crazy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321940783","repostId":"1158644338","repostType":4,"repost":{"id":"1158644338","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":1615387292,"share":"https://www.laohu8.com/m/news/1158644338?lang=zh_CN&edition=full","pubTime":"2021-03-10 22:41","market":"us","language":"en","title":"Reddit stocks are flying again<blockquote>Reddit股票再次飞涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1158644338","media":"老虎资讯综合","summary":"Koss up 55%,Express up 31%,GameStop up 15%,AMC up 10%.","content":"<p>Koss up 55%,Express up 31%,GameStop up 15%,AMC up 10%.</p><p><blockquote>Koss上涨55%，Express上涨31%，游戏驿站上涨15%，AMC上涨10%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/94be03ced4c6b45e16dd45dd1ab30987\" tg-width=\"379\" tg-height=\"724\"></p><p><blockquote></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>Reddit stocks are flying again<blockquote>Reddit股票再次飞涨</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\">\nReddit stocks are flying again<blockquote>Reddit股票再次飞涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\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 smaller\">2021-03-10 22:41</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Koss up 55%,Express up 31%,GameStop up 15%,AMC up 10%.</p><p><blockquote>Koss上涨55%，Express上涨31%，游戏驿站上涨15%，AMC上涨10%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/94be03ced4c6b45e16dd45dd1ab30987\" tg-width=\"379\" tg-height=\"724\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EXPR":"Express, Inc.","KOSS":"高斯电子","GME":"游戏驿站","AMC":"AMC院线"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158644338","content_text":"Koss up 55%,Express up 31%,GameStop up 15%,AMC up 10%.","news_type":1,"symbols_score_info":{"KOSS":0.9,"EXPR":0.9,"GME":0.9,"AMC":0.9}},"isVote":1,"tweetType":1,"viewCount":376,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":351406663,"gmtCreate":1616616237752,"gmtModify":1634524925810,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275811040995","idStr":"3575275811040995"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>这","listText":"<a href=\"https://laohu8.com/S/XPEV\">$XPeng Inc.(XPEV)$</a>这","text":"$XPeng Inc.(XPEV)$这","images":[{"img":"https://static.tigerbbs.com/8d42dd3199db6c24acd632a1b631922b","width":"640","height":"909"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/351406663","isVote":1,"tweetType":1,"viewCount":2505,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":353061424,"gmtCreate":1616432300268,"gmtModify":1634525837348,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275811040995","idStr":"3575275811040995"},"themes":[],"htmlText":"Good !&nbsp;","listText":"Good !&nbsp;","text":"Good !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/353061424","repostId":"1115438167","repostType":4,"repost":{"id":"1115438167","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":1616423750,"share":"https://www.laohu8.com/m/news/1115438167?lang=zh_CN&edition=full","pubTime":"2021-03-22 22:35","market":"us","language":"en","title":"Some “meme” stocks are slipping<blockquote>一些“模因”股票正在下滑</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1115438167","media":"Tiger Newspress","summary":"Some “meme” stocks are slipping in Monday trading,AMC Entertainment stock fall 13%,the shares of Sundial Growers drop 7%,GameStop Corp. stock is down 2%.These stocks are identified as a potential gamble using methodology from recently published research paper—from Alok Kumar of the University of Miami, Houng Nguyen of the University of Danang, and Talis Putnins at the University of Technology Sydney and Stockholm School of Economics. The group proposed looking at the average volume over 30 days ","content":"<p>Some&nbsp;“meme”&nbsp;stocks&nbsp;are&nbsp;slipping&nbsp;in&nbsp;Monday&nbsp;trading,AMC&nbsp;Entertainment&nbsp;stock&nbsp;fall&nbsp;13%,the&nbsp;shares&nbsp;of&nbsp;Sundial&nbsp;Growers&nbsp;drop&nbsp;7%,GameStop&nbsp;Corp.&nbsp;stock&nbsp;is&nbsp;down&nbsp;2%.</p><p><blockquote>一些“模因”股票在周一交易中下跌，AMC Entertainment股票下跌13%，Sundial Growers股票下跌7%，游戏驿站公司股票下跌2%。</blockquote></p><p>These stocks are identified as a potential gamble using methodology from recently published research paper—from Alok Kumar of the University of Miami, Houng Nguyen of the University of Danang, and Talis Putnins at the University of Technology Sydney and Stockholm School of Economics. The group proposed looking at the average volume over 30 days compared to market cap as a way of determining what they called lottery stocks.</p><p><blockquote>使用迈阿密大学的Alok Kumar、岘港大学的Houng Nguyen以及悉尼科技大学和斯德哥尔摩经济学院的Talis Putnins最近发表的研究论文中的方法，这些股票被确定为潜在的赌博。该小组建议将30天内的平均交易量与市值进行比较，以此来确定他们所谓的彩票股票。</blockquote></p><p><img src=\"https://static.tigerbbs.com/de78ffef1bc7540f75fca0332d31e69c\" tg-width=\"371\" tg-height=\"592\" referrerpolicy=\"no-referrer\"></p><p><blockquote></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>Some “meme” stocks are slipping<blockquote>一些“模因”股票正在下滑</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\">\nSome “meme” stocks are slipping<blockquote>一些“模因”股票正在下滑</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\">2021-03-22 22:35</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Some&nbsp;“meme”&nbsp;stocks&nbsp;are&nbsp;slipping&nbsp;in&nbsp;Monday&nbsp;trading,AMC&nbsp;Entertainment&nbsp;stock&nbsp;fall&nbsp;13%,the&nbsp;shares&nbsp;of&nbsp;Sundial&nbsp;Growers&nbsp;drop&nbsp;7%,GameStop&nbsp;Corp.&nbsp;stock&nbsp;is&nbsp;down&nbsp;2%.</p><p><blockquote>一些“模因”股票在周一交易中下跌，AMC Entertainment股票下跌13%，Sundial Growers股票下跌7%，游戏驿站公司股票下跌2%。</blockquote></p><p>These stocks are identified as a potential gamble using methodology from recently published research paper—from Alok Kumar of the University of Miami, Houng Nguyen of the University of Danang, and Talis Putnins at the University of Technology Sydney and Stockholm School of Economics. The group proposed looking at the average volume over 30 days compared to market cap as a way of determining what they called lottery stocks.</p><p><blockquote>使用迈阿密大学的Alok Kumar、岘港大学的Houng Nguyen以及悉尼科技大学和斯德哥尔摩经济学院的Talis Putnins最近发表的研究论文中的方法，这些股票被确定为潜在的赌博。该小组建议将30天内的平均交易量与市值进行比较，以此来确定他们所谓的彩票股票。</blockquote></p><p><img src=\"https://static.tigerbbs.com/de78ffef1bc7540f75fca0332d31e69c\" tg-width=\"371\" tg-height=\"592\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMC":"AMC院线","SNDL":"SNDL Inc.","GME":"游戏驿站"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115438167","content_text":"Some “meme” stocks are slipping in Monday trading,AMC Entertainment stock fall 13%,the shares of Sundial Growers drop 7%,GameStop Corp. stock is down 2%.These stocks are identified as a potential gamble using methodology from recently published research paper—from Alok Kumar of the University of Miami, Houng Nguyen of the University of Danang, and Talis Putnins at the University of Technology Sydney and Stockholm School of Economics. The group proposed looking at the average volume over 30 days compared to market cap as a way of determining what they called lottery stocks.","news_type":1,"symbols_score_info":{"NAKD":0.9,"SNDL":0.9,"AMC":0.9,"GME":0.9}},"isVote":1,"tweetType":1,"viewCount":2571,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324584658,"gmtCreate":1616009700174,"gmtModify":1703496321733,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275811040995","idStr":"3575275811040995"},"themes":[],"htmlText":"Bitcoin to the moon !&nbsp;","listText":"Bitcoin to the moon !&nbsp;","text":"Bitcoin to the moon !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/324584658","repostId":"1102193342","repostType":4,"isVote":1,"tweetType":1,"viewCount":1942,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324584815,"gmtCreate":1616009624137,"gmtModify":1703496321904,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275811040995","idStr":"3575275811040995"},"themes":[],"htmlText":"Buy other stock ? As a CEO please say something positive to boost the price !&nbsp;","listText":"Buy other stock ? As a CEO please say something positive to boost the price !&nbsp;","text":"Buy other stock ? As a CEO please say something positive to boost the price !","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/324584815","repostId":"1179894269","repostType":4,"isVote":1,"tweetType":1,"viewCount":3323,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":325232801,"gmtCreate":1615901637103,"gmtModify":1703494720966,"author":{"id":"3575275811040995","authorId":"3575275811040995","name":"PK888","avatar":"https://static.tigerbbs.com/be2ccfefd33ee8645c9e59e7ff32fa9f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3575275811040995","idStr":"3575275811040995"},"themes":[],"htmlText":"Good info","listText":"Good info","text":"Good info","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/325232801","repostId":"1127134490","repostType":4,"repost":{"id":"1127134490","kind":"news","pubTimestamp":1615889741,"share":"https://www.laohu8.com/m/news/1127134490?lang=zh_CN&edition=full","pubTime":"2021-03-16 18:15","market":"us","language":"en","title":"\"We Are Sitting On An Incredibly Important Turning Point\"<blockquote>“我们正处于一个极其重要的转折点”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1127134490","media":"zerohedge","summary":"Last week in hislatest Doubleline webcast, Jeff Gundlach presented a remarkable chart, one showing that the ratio of the Nasdaq to the S&P 500 has been pulled lower  and is now right on its dot com bubble peak levels.Picking up on this chart, over the weekend in his latestBear Traps Report, Larry McDonald wrote that \"we are sitting on an incredibly important turning point\"adding that \"the world’s first and second most liquid and arguably most important stock indices are sending important rotatio","content":"<p>Last week in hislatest Doubleline webcast, Jeff Gundlach presented a remarkable chart, one showing that the ratio of the Nasdaq to the S&amp;P 500 has been pulled lower (due to Nasdaq underperformance coupled with strength in value stocks) and is now right on its dot com bubble peak levels.</p><p><blockquote>上周，杰夫·冈拉克(Jeff Gundlach)在他最新的Doubleline网络广播中展示了一张引人注目的图表，其中显示纳斯达克与标普500的比率已被拉低（由于纳斯达克表现不佳加上价值股走强），目前正处于网络泡沫峰值水平。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bb4617081a74b98cbab2c1287942cb9e\" tg-width=\"500\" tg-height=\"357\">Picking up on this chart, over the weekend in his latestBear Traps Report, Larry McDonald wrote that \"<b>we are sitting on an incredibly important turning point\"</b>adding that \"<b>the world’s first and second most liquid and arguably most important stock indices are sending important rotation signals.</b>In our view, both tech and growth equities outperformance run is over and the rotation to value and commodity exposed equities has begun.\"</p><p><blockquote>拉里·麦克唐纳(Larry McDonald)在周末最新的《熊陷阱》报告中看到了这张图表，写道：“<b>我们正处于一个极其重要的转折点”</b>补充说“<b>全球第一和第二流动性最强、可以说是最重要的股指正在发出重要的轮动信号。</b>我们认为，科技股和成长股的优异表现已经结束，向价值股和大宗商品股的轮动已经开始。”</blockquote></p><p> AsBloomberg notes, while recent single-day rallies (4% on Tuesday and 2.4% on Thursday) lifted the Nasdaq 100 to its first gain in four weeks, they’re not calming nerves. After all, big up days are not uncommon during a downtrend.<b>In 2000, when the market started a three-year crash, the index had 27 sessions where it rose at least 4%. That compared with six such days in 1999, when prices doubled.</b></p><p><blockquote>正如彭博社指出的那样，虽然最近的单日上涨（周二上涨4%，周四上涨2.4%）将纳斯达克100指数推升至四周以来的首次上涨，但它们并没有安抚人们的神经。毕竟，在下跌趋势中，大幅上涨的日子并不罕见。<b>2000年，当市场开始为期三年的崩盘时，该指数有27个交易日上涨至少4%。相比之下，1999年有六天这样的日子，当时价格翻了一番。</b></blockquote></p><p> “The early stages of a bear market is typically punctuated by ferocious rallies, and what matters in the end is how far the rallies extend and not how quickly they move within a single session,” said Michael Shaoul, chief executive officer at Marketfield Asset Management LLC. “<b>Evidence continues to mount that the technology sector has finally relinquished its position as key global leadership.\"</b></p><p><blockquote>Marketfield Asset Management LLC首席执行官Michael Shaoul表示：“熊市的早期阶段通常会出现猛烈的反弹，最终重要的是反弹会持续多远，而不是它们在单个交易日内的移动速度。”<b>越来越多的证据表明，科技行业最终放弃了其全球关键领导地位。”</b></blockquote></p><p> That’s raising alarms for anyone who lived through the dot-com crash. Back then, when the Nasdaq 100 started falling in March 2000, the equal-weighted S&amp;P 500 kept marching forward and didn’t peak until 14 months later -- a sign that money was being shifted away from the tech behemoths that soared in the internet bubble.<b>Ultimately, the Nasdaq 100 lost half of its value</b>.</p><p><blockquote>这给任何经历过互联网泡沫破裂的人敲响了警钟。当时，当纳斯达克100指数于2000年3月开始下跌时，等权重标普500不断前进，直到14个月后才见顶——这表明资金正在从互联网泡沫中飙升的科技巨头手中转移。<b>最终，纳斯达克100指数损失了一半的价值</b>.</blockquote></p><p>   <b>“People should not take solace in the fact that almost everything else besides the tech group is acting well,</b>” said Matt Maley, chief market strategist at Miller Tabak + Co.  <b>“If the tech group continues to underperform, it’s going to weigh on the rest of the stock market eventually.”</b>  A rotation out of growth and tech will only accelerate depending on what Powell says on Thursday, especially if he doesn't sound sufficient dovish and spooks markets again, triggering another bond rout, which by extension means a selloff in growth stocks which - as we have noted on many previous occasions -<b>have near record high duration and are thus merely bond proxies to which hedge funds have never been more exposed.</b></p><p><blockquote><b>“人们不应该因为除了科技集团之外几乎所有其他公司都表现良好而感到安慰，</b>”Miller Tabak+Co.首席市场策略师Matt Maley说道。<b>“如果科技集团继续表现不佳，最终将给股市的其他部分带来压力。”</b>根据鲍威尔周四的言论，成长股和科技股的轮动只会加速，特别是如果他听起来不够鸽派并再次惊动市场，引发另一场债券暴跌，这反过来意味着成长股的抛售——正如我们在之前的许多场合指出的那样——<b>久期接近历史最高水平，因此只是对冲基金从未接触过的债券代理。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/80c176f70232a97f988ba92c84c6836d\" tg-width=\"500\" tg-height=\"201\">However, while all eyes were on the 10-Year during the late February \"reflation panic\" selloff which was sparked by a liquidation cascade in bonds once the 10Y breached 1.50%, the place on the Treasury curve where the next liquidation cascade could begin is now the belly, because asBloomberg writeswhereas back in December the thought was that the Federal Reserve might tamp down long-term Treasury yields, the issue now lies with shorter-dated ones, and specifically<b>5-year rates.</b></p><p><blockquote>然而，尽管在2月底的“通货再膨胀恐慌”抛售期间，所有人的目光都集中在10年期债券一旦突破1.50%，债券就会出现清算级联，但国债曲线上下一次清算级联可能开始的地方现在是腹部，因为正如彭博社所写，早在12月份，人们就认为美联储可能会压低长期国债收益率，而现在的问题在于短期国债收益率，特别是<b>5年期利率。</b></blockquote></p><p> Yields on that maturity have become unanchored in recent weeks, surging above the previous \"red line\" of 0.75% amid speculation that the<b>Fed will need to start a cycle of rate hikes perhaps a full year earlier than officials have indicated.</b>That shift has also roiled the outlook for a classic iteration of the reflation wager, a widening gap between 5- and 30-year yields, even as the narrative of a stimulus-fueled recovery has only gained momentum.</p><p><blockquote>最近几周，该期限的收益率已变得不稳定，飙升至之前0.75%的“红线”之上，因为人们猜测<b>美联储可能需要比官员们表示的提前一整年开始加息周期。</b>这种转变还扰乱了通货再膨胀赌注经典迭代的前景，即5年期和30年期收益率之间的差距不断扩大，尽管刺激推动的复苏的说法才刚刚获得动力。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0c4be02c3e2224fb5edfb0e0ed77bcac\" tg-width=\"500\" tg-height=\"267\"><b>\"The Fed next week will have to walk a fine line between either pushing back against market expectations or allowing them to stand,\"</b>said Kevin Walter, co-head of global Treasuries trading for Barclays. Without Fed pushback \"there might be more pressure on the belly of the curve,\" in which case the best steepeners would be the spreads between 2-year yields versus 5- and 7-year rates that have room to rise as traders price in tightening.</p><p><blockquote><b>“美联储下周将不得不在违背市场预期或允许市场预期之间徘徊。”</b>巴克莱全球国债交易联席主管凯文·沃尔特表示。如果没有美联储的抵制，“曲线腹部可能会有更多压力”，在这种情况下，最好的陡峭化因素将是2年期国债收益率与5年期和7年期国债收益率之间的利差，随着交易员定价收紧，利差还有上升空间。</blockquote></p><p> And while most investment bank research divisions, and certainly the Fed, do not expect any liftoff until at least 2023,<b>the swaps market has been reflecting a roughly 75% chance the Fed lifts rates from near zero by around the end of 2022.</b>Indeed, Walter expects no major policy changes next week and anticipates that officials will continue to project rates on hold through 2023, however even doing nothing may force another round of selling amid the recent bout of soaring inflation, one seen as a push by the market to force Powell into some form of Yield Curve Control.</p><p><blockquote>尽管大多数投资银行研究部门，当然还有美联储，预计至少要到2023年才会出现任何提振，<b>掉期市场反映出美联储在2022年底左右将利率从接近零的水平上调的可能性约为75%。</b>事实上，沃尔特预计下周不会有重大政策变化，并预计官员们将在2023年之前继续维持利率不变，但在最近一轮通胀飙升的情况下，即使什么都不做也可能迫使另一轮抛售，这被视为市场的推动迫使鲍威尔进行某种形式的收益率曲线控制。</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/148711c8ea3822a0af209f086802c068\" tg-width=\"500\" tg-height=\"263\">On the remote chance that the Fed does signal some 2023 hikes next week,<b>the market will probably bring expectations for rate increases into the first half of 2022 and the 1-year-forward 5-year rate could increase 50 basis points, Peter Chatwell, head of multi-asset strategy for Mizuho International Plc,</b>said in an emailed note. It would also lead to renewed rotation out of growth and into value, further depressing the Nasdaq to SPX chart shown above.</p><p><blockquote>美联储下周确实发出2023年加息信号的可能性很小，<b>瑞穗国际(Mizuho International Plc)多资产策略主管Peter Chatwell表示，市场可能会将加息预期带入2022年上半年，1年期远期5年期利率可能会上调50个基点，</b>在一封电子邮件中说。这还将导致从增长到价值的重新轮动，进一步压低上面显示的纳斯达克到SPX的图表。</blockquote></p><p> That said, most don't expect Powell to address the continued selling in either the long-end or more recently, the belly - the Fed chair gave only a minor reference to the bond-market slump that drove 10-year yields above 1.6%. He emphasized the importance of financial conditions, which remain accommodative, although tech stocks did sink on Friday as yields surged.</p><p><blockquote>也就是说，大多数人预计鲍威尔不会解决长期或最近的腹部持续抛售问题——这位美联储主席只略微提及了推动10年期国债收益率突破1.6%的债券市场暴跌。他强调了金融状况的重要性，尽管随着收益率飙升，科技股周五确实下跌，但金融状况仍然宽松。</blockquote></p><p> None of this will help ease inflation fears as the market fears the Fed is rapidly falling behind the curve. As we noted last week, 5Y inflation expectations at the highest since 2008 and robust jobs data have only reinforced bets that the Fed will need to tighten more quickly than it’s been forecasting. The speculation has squeezed wagers on a steeper curve from 5 to 30 years, shrinking that spread to a bit above 150 basis points, from a more than 6-year high of 167 in February. The 5-year yield at 0.84% isn’t far below its highest level since last year. But at the same time, the 2-year has remained near historic lows on the view that the Fed will hold rates near zero for the immediate future. That’s kept bets on the widely watched spread to the 10-year rate in play, as well as versus other maturities, such as the 5- and 7-year.</p><p><blockquote>这些都无助于缓解通胀担忧，因为市场担心美联储正在迅速落后于曲线。正如我们上周指出的，5年期通胀预期达到2008年以来的最高水平以及强劲的就业数据只会强化人们对美联储需要比预期更快收紧政策的押注。这种猜测挤压了对5年至30年更陡峭曲线的押注，将利差从2月份的6年多高点167个基点缩小至略高于150个基点。5年期国债收益率为0.84%，远低于去年以来的最高水平。但与此同时，由于美联储将在不久的将来将利率维持在接近零的水平，2年期国债仍接近历史低点。这使得人们对广受关注的10年期利率利差以及与5年期和7年期等其他期限利率利差的押注继续发挥作用。</blockquote></p><p> And with the front-end anchored for a long, long time, the question then becomes what is the most lucrative steepener trade. “Some steepeners are better than others,” said Patrick Leary, senior trader and chief market strategist for Incapital. He expects the 2s10s to keep widening, but has taken profits on steepeners and is looking for a better point to re-enter. Other see potential in the 5- to 30-year steepener. TD Securities has recommended entering that bet at 146.5 basis points, targeting 170, based on what it said was a high bar for hikes and the prospect of elevated coupon supply.</p><p><blockquote>随着前端锚定很长很长一段时间，问题就变成了什么是最有利可图的陡峭交易。Incapital高级交易员兼首席市场策略师帕特里克·利里(Patrick Leary)表示：“有些陡峭化者比其他者更好。”他预计2s10s将继续扩大，但已在陡峭的地方获利了结，并正在寻找更好的重新进入点。其他人则看到了5至30年陡峭时期的潜力。道明证券(TD Securities)建议以146.5个基点入场，目标为170个基点，理由是加息的门槛很高以及息票供应增加的前景。</blockquote></p><p> Taking a step back, the reason why traders have been so focused on the 5-year part of the curve, i.e., \"the belly\", is because it’s seen as one place that may bear the brunt of any subsequent selloff should rate-hike speculation mount further, since the bulk of the liftoff regime is expected to take place within the maturity of a 5 Year note issued now.</p><p><blockquote>退一步说，交易员之所以如此关注曲线的5年期部分，即“腹部”，是因为如果加息投机进一步加剧，它被视为可能首当其冲遭受任何后续抛售的地方，因为大部分起飞制度预计将在现在发行的5年期票据到期后发生。</blockquote></p><p> Furthermore, as Bloomberg notes already certain corners of the market are turning their attention to the potential for multiple rate hikes.<b>In swaptions,</b><b><u>a position has emerged targeting the Fed to hike seven to eight times by March 2025, according to a Barclays analysis</u></b><b>.</b></p><p><blockquote>此外，正如彭博社指出的那样，市场的某些角落已经将注意力转向多次加息的可能性。<b>在掉期期权中，</b><b><u>巴克莱银行的分析显示，美联储的目标是到2025年3月加息七到八次</u></b><b>.</b></blockquote></p><p> There is, of course, the risk that markets have gotten ahead of themselves - the whole point of a recent RIC report from BofA, which does not see anywhere nearly enough sustained inflation to justify a 2022 rate hike, let alone 7 by 2025: “it’s possible the market may have gotten a little ahead of itself in the belly,” causing the 5-year rate to rise too much, said Jamie Anderson, head of U.S. trading for Insight Investment. If the data come in weak or the Fed is on hold for longer than expected, “the belly should rally and the curve re-steepen,” he said.</p><p><blockquote>当然，市场存在超前的风险——这就是美国银行最近发布的RIC报告的全部要点，该报告认为任何地方都没有足够的持续通胀来证明2022年加息是合理的，更不用说到2025年加息7次了：Insight Investment美国交易主管杰米·安德森(Jamie Anderson)表示，“市场可能有点超前了”，导致5年期利率上涨过多。他表示，如果数据疲软或美联储按兵不动的时间长于预期，“腹部应该会反弹，曲线会重新变陡”。</blockquote></p><p> For Incapital’s Leary, the narrowing in the 5s30s gap came on the view that officials may discuss - or even announce - a twist next week. Such an operation, involving the sale of shorter-dated holdings and purchase of longer maturities to control yields, would put more pressure on the belly, he says. That would follow the European Central Bank’s decision to ramp up its bond-buying pace.</p><p><blockquote>对于Incapital的Leary来说，5s30差距的缩小是因为官员们可能会在下周讨论甚至宣布一个转折。他表示，这种操作涉及出售短期资产并购买长期资产以控制收益率，将给腹部带来更大压力。此前，欧洲央行决定加快债券购买步伐。</blockquote></p><p> “All these trades are highly dependent on the Fed being on the sidelines and not changing its policy stance,” Leary said.<b>“The market is definitely playing a game of chicken with the Fed, by testing how high yields can get before tightening financial conditions and forcing the Fed to step in.\"</b></p><p><blockquote>Leary表示：“所有这些交易都高度依赖美联储保持观望，不改变政策立场。”<b>“市场肯定是在和美联储玩一场吃鸡的游戏，在收紧金融状况并迫使美联储介入之前，测试收益率能达到多高。”</b></blockquote></p><p> Meanwhile, even as some strategists have brushed aside the yield risk for growth stocks, claiming that tech has shown a fickle relationship with Treasuries over time, Joe Kalish, chief global macro strategist at Ned Davis Research,<b>found that since 2014, the Nasdaq 100’s forward earnings yield - the inverse of its price-earnings ratio where the higher it is, the cheaper stocks are - has moved almost in lockstep with forecast corporate bond rates.</b></p><p><blockquote>与此同时，尽管一些策略师无视成长型股票的收益率风险，声称随着时间的推移，科技股与美国国债的关系变化无常，但Ned Davis Research首席全球宏观策略师Joe Kalish表示，<b>研究发现，自2014年以来，纳斯达克100指数的远期收益率（市盈率的倒数，市盈率越高，股票越便宜）几乎与预测的公司债券利率同步变动。</b></blockquote></p><p></p><p> In his model, if 10-year Treasury yields rise to 2% this year, that in turn could drive long-term Baa-rated bond rates to 4.5%, a scenario where<b>the Nasdaq 100 would have to drop as much as 20% to stay attractive, all else equal.</b>If yields climbed but the Nasdaq didn’t move, this would indicate over-valuation, Kalish said, adding his model correctly flashed warnings in 1987 and 2000.</p><p><blockquote>在他的模型中，如果10年期美国国债收益率今年升至2%，这反过来可能会将长期Baa评级债券利率推至4.5%，在这种情况下<b>在其他条件相同的情况下，纳斯达克100指数必须下跌20%才能保持吸引力。</b>卡利什表示，如果收益率攀升但纳斯达克没有变动，这将表明估值过高，并补充说他的模型在1987年和2000年正确地发出了警告。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4e1270022eb5742b2cf2a7c328a5d897\" tg-width=\"500\" tg-height=\"380\">Also keep in mind that even after the recent drop, the price-earnings ratio of the Nasdaq 100 - at 28 - is nowhere near cheap relative to other stocks, and is a 7% premium over the S&amp;P 500.</p><p><blockquote>另请记住，即使在最近下跌之后，纳斯达克100指数的市盈率（28）相对于其他股票来说也远不便宜，比标普500溢价7%。</blockquote></p><p> Finally, the growth advantage that has sustained tech’s outperformance in all but one year since 2009 is poised to disappear - at least for the next two years - as pandemic-beaten firms like airlines and automakers roar back. Profits from software and internet companies are expected to expand 22% this year and 12% in 2022. Both lag behind the broad S&amp;P 500, where earnings are forecast to increase 24% and 15%, respectively.</p><p><blockquote>最后，随着航空公司和汽车制造商等遭受大流行打击的公司卷土重来，自2009年以来除一年外一直维持科技股优异表现的增长优势即将消失——至少在未来两年是这样。软件和互联网公司的利润预计今年将增长22%，2022年将增长12%。两者都落后于广泛的标普500，后者的盈利预计分别增长24%和15%。</blockquote></p><p> So going back to the top chart, and with Nasdaq 100 knocking on the door of its relative peak, it’d be a mistake not to consider the downside risk, according to Jim Paulsen, chief investment strategist at Leuthold Group.</p><p><blockquote>Leuthold Group首席投资策略师吉姆·保尔森(Jim Paulsen)表示，回到顶部图表，随着纳斯达克100指数即将达到相对峰值，不考虑下行风险将是一个错误。</blockquote></p><p> “New-era investments are at a significant crossroads,” he said.<b>“After a prolonged period of extensive outperformance by the Nasdaq and tech stocks, it is not unreasonable to foresee a phase of underperformance, consolidation or even an outright collapse.”</b></p><p><blockquote>“新时代投资正处于一个重要的十字路口，”他说。<b>“在纳斯达克和科技股长期普遍表现出色之后，预计将出现一个表现不佳、整合甚至彻底崩溃的阶段并非没有道理。”</b></blockquote></p><p> If all this sounds unnecessarily convoluted, we remind you of what Rabobank's Michael Everysaid overnight, in what may be the best summary of the Fed's options:</p><p><blockquote>如果这一切听起来不必要地令人费解，我们提醒您荷兰合作银行的迈克尔·埃弗里(Michael Everyevery)一夜之间所说的话，这可能是对美联储选择的最佳总结：</blockquote></p><p>   \"If Powell does nothing, we could perhaps be on the verge of a 2013-style Taper Tantrum. That would send Godzilla-sized shockwaves through markets everywhere, including Tokyo. (And I now think of 1970/80’s British TV ads where a Mock-zilla would eat famous global landmarks before deciding he preferred a certain candy “even chewier than a Barrow-in-Furness bus depot.”) \"\"Of course, Powell could say something or do something: Operation Twist and Shout; or YCC. First of all, this would then show that there is a disconnect between the Treasury and the Fed, which is hardly ideal. Moreover, such steps would prompt a major market flattening, but of two different kinds (short end up and long end down; or just long end down).  <b>As I keep repeating here, YCC would also open the door for some seriously new epic adventures, like opening the mysterious giant gate behind which King Kong is found on his remote island.\"</b>  In short, brace for a burst of volatility on Thursday when Powell (and tech stock bulls) will be damned if the Fed Chair<i><b>doesn't</b></i>do anything, and damned if he&nbsp;<u><b>does</b></u>...</p><p><blockquote>“如果鲍威尔什么都不做，我们可能会处于2013年式的缩减恐慌的边缘。这将给包括东京在内的世界各地的市场带来哥斯拉大小的冲击波。（我现在想起了1970/80年代的英国电视广告，一个模拟zilla会吃掉著名的全球地标，然后决定他更喜欢某种糖果“甚至比Barrow-in-Furness公交车站更有嚼劲。”）“当然，鲍威尔可以说些什么或做些什么：扭曲和呼喊行动；或者YCC。首先，这将表明财政部和美联储之间存在脱节，这并不理想。此外，这些措施将促使市场出现重大扁平化，但有两种不同的类型（短端上升和长端下降；或者只是长端向下）。<b>正如我在这里不断重复的那样，YCC也会为一些全新的史诗冒险打开大门，比如打开神秘的巨门，金刚在他的偏远岛屿上被发现。”</b>简而言之，为周四的波动做好准备，届时鲍威尔（和科技股多头）将受到诅咒，如果美联储主席<i><b>不是</b></i>做任何事，如果他<u><b>是的</b></u>...</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>\"We Are Sitting On An Incredibly Important Turning Point\"<blockquote>“我们正处于一个极其重要的转折点”</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\">\n\"We Are Sitting On An Incredibly Important Turning Point\"<blockquote>“我们正处于一个极其重要的转折点”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-03-16 18:15</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Last week in hislatest Doubleline webcast, Jeff Gundlach presented a remarkable chart, one showing that the ratio of the Nasdaq to the S&amp;P 500 has been pulled lower (due to Nasdaq underperformance coupled with strength in value stocks) and is now right on its dot com bubble peak levels.</p><p><blockquote>上周，杰夫·冈拉克(Jeff Gundlach)在他最新的Doubleline网络广播中展示了一张引人注目的图表，其中显示纳斯达克与标普500的比率已被拉低（由于纳斯达克表现不佳加上价值股走强），目前正处于网络泡沫峰值水平。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bb4617081a74b98cbab2c1287942cb9e\" tg-width=\"500\" tg-height=\"357\">Picking up on this chart, over the weekend in his latestBear Traps Report, Larry McDonald wrote that \"<b>we are sitting on an incredibly important turning point\"</b>adding that \"<b>the world’s first and second most liquid and arguably most important stock indices are sending important rotation signals.</b>In our view, both tech and growth equities outperformance run is over and the rotation to value and commodity exposed equities has begun.\"</p><p><blockquote>拉里·麦克唐纳(Larry McDonald)在周末最新的《熊陷阱》报告中看到了这张图表，写道：“<b>我们正处于一个极其重要的转折点”</b>补充说“<b>全球第一和第二流动性最强、可以说是最重要的股指正在发出重要的轮动信号。</b>我们认为，科技股和成长股的优异表现已经结束，向价值股和大宗商品股的轮动已经开始。”</blockquote></p><p> AsBloomberg notes, while recent single-day rallies (4% on Tuesday and 2.4% on Thursday) lifted the Nasdaq 100 to its first gain in four weeks, they’re not calming nerves. After all, big up days are not uncommon during a downtrend.<b>In 2000, when the market started a three-year crash, the index had 27 sessions where it rose at least 4%. That compared with six such days in 1999, when prices doubled.</b></p><p><blockquote>正如彭博社指出的那样，虽然最近的单日上涨（周二上涨4%，周四上涨2.4%）将纳斯达克100指数推升至四周以来的首次上涨，但它们并没有安抚人们的神经。毕竟，在下跌趋势中，大幅上涨的日子并不罕见。<b>2000年，当市场开始为期三年的崩盘时，该指数有27个交易日上涨至少4%。相比之下，1999年有六天这样的日子，当时价格翻了一番。</b></blockquote></p><p> “The early stages of a bear market is typically punctuated by ferocious rallies, and what matters in the end is how far the rallies extend and not how quickly they move within a single session,” said Michael Shaoul, chief executive officer at Marketfield Asset Management LLC. “<b>Evidence continues to mount that the technology sector has finally relinquished its position as key global leadership.\"</b></p><p><blockquote>Marketfield Asset Management LLC首席执行官Michael Shaoul表示：“熊市的早期阶段通常会出现猛烈的反弹，最终重要的是反弹会持续多远，而不是它们在单个交易日内的移动速度。”<b>越来越多的证据表明，科技行业最终放弃了其全球关键领导地位。”</b></blockquote></p><p> That’s raising alarms for anyone who lived through the dot-com crash. Back then, when the Nasdaq 100 started falling in March 2000, the equal-weighted S&amp;P 500 kept marching forward and didn’t peak until 14 months later -- a sign that money was being shifted away from the tech behemoths that soared in the internet bubble.<b>Ultimately, the Nasdaq 100 lost half of its value</b>.</p><p><blockquote>这给任何经历过互联网泡沫破裂的人敲响了警钟。当时，当纳斯达克100指数于2000年3月开始下跌时，等权重标普500不断前进，直到14个月后才见顶——这表明资金正在从互联网泡沫中飙升的科技巨头手中转移。<b>最终，纳斯达克100指数损失了一半的价值</b>.</blockquote></p><p>   <b>“People should not take solace in the fact that almost everything else besides the tech group is acting well,</b>” said Matt Maley, chief market strategist at Miller Tabak + Co.  <b>“If the tech group continues to underperform, it’s going to weigh on the rest of the stock market eventually.”</b>  A rotation out of growth and tech will only accelerate depending on what Powell says on Thursday, especially if he doesn't sound sufficient dovish and spooks markets again, triggering another bond rout, which by extension means a selloff in growth stocks which - as we have noted on many previous occasions -<b>have near record high duration and are thus merely bond proxies to which hedge funds have never been more exposed.</b></p><p><blockquote><b>“人们不应该因为除了科技集团之外几乎所有其他公司都表现良好而感到安慰，</b>”Miller Tabak+Co.首席市场策略师Matt Maley说道。<b>“如果科技集团继续表现不佳，最终将给股市的其他部分带来压力。”</b>根据鲍威尔周四的言论，成长股和科技股的轮动只会加速，特别是如果他听起来不够鸽派并再次惊动市场，引发另一场债券暴跌，这反过来意味着成长股的抛售——正如我们在之前的许多场合指出的那样——<b>久期接近历史最高水平，因此只是对冲基金从未接触过的债券代理。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/80c176f70232a97f988ba92c84c6836d\" tg-width=\"500\" tg-height=\"201\">However, while all eyes were on the 10-Year during the late February \"reflation panic\" selloff which was sparked by a liquidation cascade in bonds once the 10Y breached 1.50%, the place on the Treasury curve where the next liquidation cascade could begin is now the belly, because asBloomberg writeswhereas back in December the thought was that the Federal Reserve might tamp down long-term Treasury yields, the issue now lies with shorter-dated ones, and specifically<b>5-year rates.</b></p><p><blockquote>然而，尽管在2月底的“通货再膨胀恐慌”抛售期间，所有人的目光都集中在10年期债券一旦突破1.50%，债券就会出现清算级联，但国债曲线上下一次清算级联可能开始的地方现在是腹部，因为正如彭博社所写，早在12月份，人们就认为美联储可能会压低长期国债收益率，而现在的问题在于短期国债收益率，特别是<b>5年期利率。</b></blockquote></p><p> Yields on that maturity have become unanchored in recent weeks, surging above the previous \"red line\" of 0.75% amid speculation that the<b>Fed will need to start a cycle of rate hikes perhaps a full year earlier than officials have indicated.</b>That shift has also roiled the outlook for a classic iteration of the reflation wager, a widening gap between 5- and 30-year yields, even as the narrative of a stimulus-fueled recovery has only gained momentum.</p><p><blockquote>最近几周，该期限的收益率已变得不稳定，飙升至之前0.75%的“红线”之上，因为人们猜测<b>美联储可能需要比官员们表示的提前一整年开始加息周期。</b>这种转变还扰乱了通货再膨胀赌注经典迭代的前景，即5年期和30年期收益率之间的差距不断扩大，尽管刺激推动的复苏的说法才刚刚获得动力。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0c4be02c3e2224fb5edfb0e0ed77bcac\" tg-width=\"500\" tg-height=\"267\"><b>\"The Fed next week will have to walk a fine line between either pushing back against market expectations or allowing them to stand,\"</b>said Kevin Walter, co-head of global Treasuries trading for Barclays. Without Fed pushback \"there might be more pressure on the belly of the curve,\" in which case the best steepeners would be the spreads between 2-year yields versus 5- and 7-year rates that have room to rise as traders price in tightening.</p><p><blockquote><b>“美联储下周将不得不在违背市场预期或允许市场预期之间徘徊。”</b>巴克莱全球国债交易联席主管凯文·沃尔特表示。如果没有美联储的抵制，“曲线腹部可能会有更多压力”，在这种情况下，最好的陡峭化因素将是2年期国债收益率与5年期和7年期国债收益率之间的利差，随着交易员定价收紧，利差还有上升空间。</blockquote></p><p> And while most investment bank research divisions, and certainly the Fed, do not expect any liftoff until at least 2023,<b>the swaps market has been reflecting a roughly 75% chance the Fed lifts rates from near zero by around the end of 2022.</b>Indeed, Walter expects no major policy changes next week and anticipates that officials will continue to project rates on hold through 2023, however even doing nothing may force another round of selling amid the recent bout of soaring inflation, one seen as a push by the market to force Powell into some form of Yield Curve Control.</p><p><blockquote>尽管大多数投资银行研究部门，当然还有美联储，预计至少要到2023年才会出现任何提振，<b>掉期市场反映出美联储在2022年底左右将利率从接近零的水平上调的可能性约为75%。</b>事实上，沃尔特预计下周不会有重大政策变化，并预计官员们将在2023年之前继续维持利率不变，但在最近一轮通胀飙升的情况下，即使什么都不做也可能迫使另一轮抛售，这被视为市场的推动迫使鲍威尔进行某种形式的收益率曲线控制。</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/148711c8ea3822a0af209f086802c068\" tg-width=\"500\" tg-height=\"263\">On the remote chance that the Fed does signal some 2023 hikes next week,<b>the market will probably bring expectations for rate increases into the first half of 2022 and the 1-year-forward 5-year rate could increase 50 basis points, Peter Chatwell, head of multi-asset strategy for Mizuho International Plc,</b>said in an emailed note. It would also lead to renewed rotation out of growth and into value, further depressing the Nasdaq to SPX chart shown above.</p><p><blockquote>美联储下周确实发出2023年加息信号的可能性很小，<b>瑞穗国际(Mizuho International Plc)多资产策略主管Peter Chatwell表示，市场可能会将加息预期带入2022年上半年，1年期远期5年期利率可能会上调50个基点，</b>在一封电子邮件中说。这还将导致从增长到价值的重新轮动，进一步压低上面显示的纳斯达克到SPX的图表。</blockquote></p><p> That said, most don't expect Powell to address the continued selling in either the long-end or more recently, the belly - the Fed chair gave only a minor reference to the bond-market slump that drove 10-year yields above 1.6%. He emphasized the importance of financial conditions, which remain accommodative, although tech stocks did sink on Friday as yields surged.</p><p><blockquote>也就是说，大多数人预计鲍威尔不会解决长期或最近的腹部持续抛售问题——这位美联储主席只略微提及了推动10年期国债收益率突破1.6%的债券市场暴跌。他强调了金融状况的重要性，尽管随着收益率飙升，科技股周五确实下跌，但金融状况仍然宽松。</blockquote></p><p> None of this will help ease inflation fears as the market fears the Fed is rapidly falling behind the curve. As we noted last week, 5Y inflation expectations at the highest since 2008 and robust jobs data have only reinforced bets that the Fed will need to tighten more quickly than it’s been forecasting. The speculation has squeezed wagers on a steeper curve from 5 to 30 years, shrinking that spread to a bit above 150 basis points, from a more than 6-year high of 167 in February. The 5-year yield at 0.84% isn’t far below its highest level since last year. But at the same time, the 2-year has remained near historic lows on the view that the Fed will hold rates near zero for the immediate future. That’s kept bets on the widely watched spread to the 10-year rate in play, as well as versus other maturities, such as the 5- and 7-year.</p><p><blockquote>这些都无助于缓解通胀担忧，因为市场担心美联储正在迅速落后于曲线。正如我们上周指出的，5年期通胀预期达到2008年以来的最高水平以及强劲的就业数据只会强化人们对美联储需要比预期更快收紧政策的押注。这种猜测挤压了对5年至30年更陡峭曲线的押注，将利差从2月份的6年多高点167个基点缩小至略高于150个基点。5年期国债收益率为0.84%，远低于去年以来的最高水平。但与此同时，由于美联储将在不久的将来将利率维持在接近零的水平，2年期国债仍接近历史低点。这使得人们对广受关注的10年期利率利差以及与5年期和7年期等其他期限利率利差的押注继续发挥作用。</blockquote></p><p> And with the front-end anchored for a long, long time, the question then becomes what is the most lucrative steepener trade. “Some steepeners are better than others,” said Patrick Leary, senior trader and chief market strategist for Incapital. He expects the 2s10s to keep widening, but has taken profits on steepeners and is looking for a better point to re-enter. Other see potential in the 5- to 30-year steepener. TD Securities has recommended entering that bet at 146.5 basis points, targeting 170, based on what it said was a high bar for hikes and the prospect of elevated coupon supply.</p><p><blockquote>随着前端锚定很长很长一段时间，问题就变成了什么是最有利可图的陡峭交易。Incapital高级交易员兼首席市场策略师帕特里克·利里(Patrick Leary)表示：“有些陡峭化者比其他者更好。”他预计2s10s将继续扩大，但已在陡峭的地方获利了结，并正在寻找更好的重新进入点。其他人则看到了5至30年陡峭时期的潜力。道明证券(TD Securities)建议以146.5个基点入场，目标为170个基点，理由是加息的门槛很高以及息票供应增加的前景。</blockquote></p><p> Taking a step back, the reason why traders have been so focused on the 5-year part of the curve, i.e., \"the belly\", is because it’s seen as one place that may bear the brunt of any subsequent selloff should rate-hike speculation mount further, since the bulk of the liftoff regime is expected to take place within the maturity of a 5 Year note issued now.</p><p><blockquote>退一步说，交易员之所以如此关注曲线的5年期部分，即“腹部”，是因为如果加息投机进一步加剧，它被视为可能首当其冲遭受任何后续抛售的地方，因为大部分起飞制度预计将在现在发行的5年期票据到期后发生。</blockquote></p><p> Furthermore, as Bloomberg notes already certain corners of the market are turning their attention to the potential for multiple rate hikes.<b>In swaptions,</b><b><u>a position has emerged targeting the Fed to hike seven to eight times by March 2025, according to a Barclays analysis</u></b><b>.</b></p><p><blockquote>此外，正如彭博社指出的那样，市场的某些角落已经将注意力转向多次加息的可能性。<b>在掉期期权中，</b><b><u>巴克莱银行的分析显示，美联储的目标是到2025年3月加息七到八次</u></b><b>.</b></blockquote></p><p> There is, of course, the risk that markets have gotten ahead of themselves - the whole point of a recent RIC report from BofA, which does not see anywhere nearly enough sustained inflation to justify a 2022 rate hike, let alone 7 by 2025: “it’s possible the market may have gotten a little ahead of itself in the belly,” causing the 5-year rate to rise too much, said Jamie Anderson, head of U.S. trading for Insight Investment. If the data come in weak or the Fed is on hold for longer than expected, “the belly should rally and the curve re-steepen,” he said.</p><p><blockquote>当然，市场存在超前的风险——这就是美国银行最近发布的RIC报告的全部要点，该报告认为任何地方都没有足够的持续通胀来证明2022年加息是合理的，更不用说到2025年加息7次了：Insight Investment美国交易主管杰米·安德森(Jamie Anderson)表示，“市场可能有点超前了”，导致5年期利率上涨过多。他表示，如果数据疲软或美联储按兵不动的时间长于预期，“腹部应该会反弹，曲线会重新变陡”。</blockquote></p><p> For Incapital’s Leary, the narrowing in the 5s30s gap came on the view that officials may discuss - or even announce - a twist next week. Such an operation, involving the sale of shorter-dated holdings and purchase of longer maturities to control yields, would put more pressure on the belly, he says. That would follow the European Central Bank’s decision to ramp up its bond-buying pace.</p><p><blockquote>对于Incapital的Leary来说，5s30差距的缩小是因为官员们可能会在下周讨论甚至宣布一个转折。他表示，这种操作涉及出售短期资产并购买长期资产以控制收益率，将给腹部带来更大压力。此前，欧洲央行决定加快债券购买步伐。</blockquote></p><p> “All these trades are highly dependent on the Fed being on the sidelines and not changing its policy stance,” Leary said.<b>“The market is definitely playing a game of chicken with the Fed, by testing how high yields can get before tightening financial conditions and forcing the Fed to step in.\"</b></p><p><blockquote>Leary表示：“所有这些交易都高度依赖美联储保持观望，不改变政策立场。”<b>“市场肯定是在和美联储玩一场吃鸡的游戏，在收紧金融状况并迫使美联储介入之前，测试收益率能达到多高。”</b></blockquote></p><p> Meanwhile, even as some strategists have brushed aside the yield risk for growth stocks, claiming that tech has shown a fickle relationship with Treasuries over time, Joe Kalish, chief global macro strategist at Ned Davis Research,<b>found that since 2014, the Nasdaq 100’s forward earnings yield - the inverse of its price-earnings ratio where the higher it is, the cheaper stocks are - has moved almost in lockstep with forecast corporate bond rates.</b></p><p><blockquote>与此同时，尽管一些策略师无视成长型股票的收益率风险，声称随着时间的推移，科技股与美国国债的关系变化无常，但Ned Davis Research首席全球宏观策略师Joe Kalish表示，<b>研究发现，自2014年以来，纳斯达克100指数的远期收益率（市盈率的倒数，市盈率越高，股票越便宜）几乎与预测的公司债券利率同步变动。</b></blockquote></p><p></p><p> In his model, if 10-year Treasury yields rise to 2% this year, that in turn could drive long-term Baa-rated bond rates to 4.5%, a scenario where<b>the Nasdaq 100 would have to drop as much as 20% to stay attractive, all else equal.</b>If yields climbed but the Nasdaq didn’t move, this would indicate over-valuation, Kalish said, adding his model correctly flashed warnings in 1987 and 2000.</p><p><blockquote>在他的模型中，如果10年期美国国债收益率今年升至2%，这反过来可能会将长期Baa评级债券利率推至4.5%，在这种情况下<b>在其他条件相同的情况下，纳斯达克100指数必须下跌20%才能保持吸引力。</b>卡利什表示，如果收益率攀升但纳斯达克没有变动，这将表明估值过高，并补充说他的模型在1987年和2000年正确地发出了警告。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/4e1270022eb5742b2cf2a7c328a5d897\" tg-width=\"500\" tg-height=\"380\">Also keep in mind that even after the recent drop, the price-earnings ratio of the Nasdaq 100 - at 28 - is nowhere near cheap relative to other stocks, and is a 7% premium over the S&amp;P 500.</p><p><blockquote>另请记住，即使在最近下跌之后，纳斯达克100指数的市盈率（28）相对于其他股票来说也远不便宜，比标普500溢价7%。</blockquote></p><p> Finally, the growth advantage that has sustained tech’s outperformance in all but one year since 2009 is poised to disappear - at least for the next two years - as pandemic-beaten firms like airlines and automakers roar back. Profits from software and internet companies are expected to expand 22% this year and 12% in 2022. Both lag behind the broad S&amp;P 500, where earnings are forecast to increase 24% and 15%, respectively.</p><p><blockquote>最后，随着航空公司和汽车制造商等遭受大流行打击的公司卷土重来，自2009年以来除一年外一直维持科技股优异表现的增长优势即将消失——至少在未来两年是这样。软件和互联网公司的利润预计今年将增长22%，2022年将增长12%。两者都落后于广泛的标普500，后者的盈利预计分别增长24%和15%。</blockquote></p><p> So going back to the top chart, and with Nasdaq 100 knocking on the door of its relative peak, it’d be a mistake not to consider the downside risk, according to Jim Paulsen, chief investment strategist at Leuthold Group.</p><p><blockquote>Leuthold Group首席投资策略师吉姆·保尔森(Jim Paulsen)表示，回到顶部图表，随着纳斯达克100指数即将达到相对峰值，不考虑下行风险将是一个错误。</blockquote></p><p> “New-era investments are at a significant crossroads,” he said.<b>“After a prolonged period of extensive outperformance by the Nasdaq and tech stocks, it is not unreasonable to foresee a phase of underperformance, consolidation or even an outright collapse.”</b></p><p><blockquote>“新时代投资正处于一个重要的十字路口，”他说。<b>“在纳斯达克和科技股长期普遍表现出色之后，预计将出现一个表现不佳、整合甚至彻底崩溃的阶段并非没有道理。”</b></blockquote></p><p> If all this sounds unnecessarily convoluted, we remind you of what Rabobank's Michael Everysaid overnight, in what may be the best summary of the Fed's options:</p><p><blockquote>如果这一切听起来不必要地令人费解，我们提醒您荷兰合作银行的迈克尔·埃弗里(Michael Everyevery)一夜之间所说的话，这可能是对美联储选择的最佳总结：</blockquote></p><p>   \"If Powell does nothing, we could perhaps be on the verge of a 2013-style Taper Tantrum. That would send Godzilla-sized shockwaves through markets everywhere, including Tokyo. (And I now think of 1970/80’s British TV ads where a Mock-zilla would eat famous global landmarks before deciding he preferred a certain candy “even chewier than a Barrow-in-Furness bus depot.”) \"\"Of course, Powell could say something or do something: Operation Twist and Shout; or YCC. First of all, this would then show that there is a disconnect between the Treasury and the Fed, which is hardly ideal. Moreover, such steps would prompt a major market flattening, but of two different kinds (short end up and long end down; or just long end down).  <b>As I keep repeating here, YCC would also open the door for some seriously new epic adventures, like opening the mysterious giant gate behind which King Kong is found on his remote island.\"</b>  In short, brace for a burst of volatility on Thursday when Powell (and tech stock bulls) will be damned if the Fed Chair<i><b>doesn't</b></i>do anything, and damned if he&nbsp;<u><b>does</b></u>...</p><p><blockquote>“如果鲍威尔什么都不做，我们可能会处于2013年式的缩减恐慌的边缘。这将给包括东京在内的世界各地的市场带来哥斯拉大小的冲击波。（我现在想起了1970/80年代的英国电视广告，一个模拟zilla会吃掉著名的全球地标，然后决定他更喜欢某种糖果“甚至比Barrow-in-Furness公交车站更有嚼劲。”）“当然，鲍威尔可以说些什么或做些什么：扭曲和呼喊行动；或者YCC。首先，这将表明财政部和美联储之间存在脱节，这并不理想。此外，这些措施将促使市场出现重大扁平化，但有两种不同的类型（短端上升和长端下降；或者只是长端向下）。<b>正如我在这里不断重复的那样，YCC也会为一些全新的史诗冒险打开大门，比如打开神秘的巨门，金刚在他的偏远岛屿上被发现。”</b>简而言之，为周四的波动做好准备，届时鲍威尔（和科技股多头）将受到诅咒，如果美联储主席<i><b>不是</b></i>做任何事，如果他<u><b>是的</b></u>...</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/we-are-sitting-incredibly-important-turning-point\">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":{".SPX":"S&P 500 Index","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.zerohedge.com/markets/we-are-sitting-incredibly-important-turning-point","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127134490","content_text":"Last week in hislatest Doubleline webcast, Jeff Gundlach presented a remarkable chart, one showing that the ratio of the Nasdaq to the S&P 500 has been pulled lower (due to Nasdaq underperformance coupled with strength in value stocks) and is now right on its dot com bubble peak levels.\nPicking up on this chart, over the weekend in his latestBear Traps Report, Larry McDonald wrote that \"we are sitting on an incredibly important turning point\"adding that \"the world’s first and second most liquid and arguably most important stock indices are sending important rotation signals.In our view, both tech and growth equities outperformance run is over and the rotation to value and commodity exposed equities has begun.\"\nAsBloomberg notes, while recent single-day rallies (4% on Tuesday and 2.4% on Thursday) lifted the Nasdaq 100 to its first gain in four weeks, they’re not calming nerves. After all, big up days are not uncommon during a downtrend.In 2000, when the market started a three-year crash, the index had 27 sessions where it rose at least 4%. That compared with six such days in 1999, when prices doubled.\n“The early stages of a bear market is typically punctuated by ferocious rallies, and what matters in the end is how far the rallies extend and not how quickly they move within a single session,” said Michael Shaoul, chief executive officer at Marketfield Asset Management LLC. “Evidence continues to mount that the technology sector has finally relinquished its position as key global leadership.\"\nThat’s raising alarms for anyone who lived through the dot-com crash. Back then, when the Nasdaq 100 started falling in March 2000, the equal-weighted S&P 500 kept marching forward and didn’t peak until 14 months later -- a sign that money was being shifted away from the tech behemoths that soared in the internet bubble.Ultimately, the Nasdaq 100 lost half of its value.\n\n“People should not take solace in the fact that almost everything else besides the tech group is acting well,” said Matt Maley, chief market strategist at Miller Tabak + Co.\n “If the tech group continues to underperform, it’s going to weigh on the rest of the stock market eventually.”\n\nA rotation out of growth and tech will only accelerate depending on what Powell says on Thursday, especially if he doesn't sound sufficient dovish and spooks markets again, triggering another bond rout, which by extension means a selloff in growth stocks which - as we have noted on many previous occasions -have near record high duration and are thus merely bond proxies to which hedge funds have never been more exposed.\nHowever, while all eyes were on the 10-Year during the late February \"reflation panic\" selloff which was sparked by a liquidation cascade in bonds once the 10Y breached 1.50%, the place on the Treasury curve where the next liquidation cascade could begin is now the belly, because asBloomberg writeswhereas back in December the thought was that the Federal Reserve might tamp down long-term Treasury yields, the issue now lies with shorter-dated ones, and specifically5-year rates.\nYields on that maturity have become unanchored in recent weeks, surging above the previous \"red line\" of 0.75% amid speculation that theFed will need to start a cycle of rate hikes perhaps a full year earlier than officials have indicated.That shift has also roiled the outlook for a classic iteration of the reflation wager, a widening gap between 5- and 30-year yields, even as the narrative of a stimulus-fueled recovery has only gained momentum.\n\"The Fed next week will have to walk a fine line between either pushing back against market expectations or allowing them to stand,\"said Kevin Walter, co-head of global Treasuries trading for Barclays. Without Fed pushback \"there might be more pressure on the belly of the curve,\" in which case the best steepeners would be the spreads between 2-year yields versus 5- and 7-year rates that have room to rise as traders price in tightening.\nAnd while most investment bank research divisions, and certainly the Fed, do not expect any liftoff until at least 2023,the swaps market has been reflecting a roughly 75% chance the Fed lifts rates from near zero by around the end of 2022.Indeed, Walter expects no major policy changes next week and anticipates that officials will continue to project rates on hold through 2023, however even doing nothing may force another round of selling amid the recent bout of soaring inflation, one seen as a push by the market to force Powell into some form of Yield Curve Control.\nOn the remote chance that the Fed does signal some 2023 hikes next week,the market will probably bring expectations for rate increases into the first half of 2022 and the 1-year-forward 5-year rate could increase 50 basis points, Peter Chatwell, head of multi-asset strategy for Mizuho International Plc,said in an emailed note. It would also lead to renewed rotation out of growth and into value, further depressing the Nasdaq to SPX chart shown above.\nThat said, most don't expect Powell to address the continued selling in either the long-end or more recently, the belly - the Fed chair gave only a minor reference to the bond-market slump that drove 10-year yields above 1.6%. He emphasized the importance of financial conditions, which remain accommodative, although tech stocks did sink on Friday as yields surged.\nNone of this will help ease inflation fears as the market fears the Fed is rapidly falling behind the curve. As we noted last week, 5Y inflation expectations at the highest since 2008 and robust jobs data have only reinforced bets that the Fed will need to tighten more quickly than it’s been forecasting. The speculation has squeezed wagers on a steeper curve from 5 to 30 years, shrinking that spread to a bit above 150 basis points, from a more than 6-year high of 167 in February. The 5-year yield at 0.84% isn’t far below its highest level since last year. But at the same time, the 2-year has remained near historic lows on the view that the Fed will hold rates near zero for the immediate future. That’s kept bets on the widely watched spread to the 10-year rate in play, as well as versus other maturities, such as the 5- and 7-year.\nAnd with the front-end anchored for a long, long time, the question then becomes what is the most lucrative steepener trade. “Some steepeners are better than others,” said Patrick Leary, senior trader and chief market strategist for Incapital. He expects the 2s10s to keep widening, but has taken profits on steepeners and is looking for a better point to re-enter. Other see potential in the 5- to 30-year steepener. TD Securities has recommended entering that bet at 146.5 basis points, targeting 170, based on what it said was a high bar for hikes and the prospect of elevated coupon supply.\nTaking a step back, the reason why traders have been so focused on the 5-year part of the curve, i.e., \"the belly\", is because it’s seen as one place that may bear the brunt of any subsequent selloff should rate-hike speculation mount further, since the bulk of the liftoff regime is expected to take place within the maturity of a 5 Year note issued now.\nFurthermore, as Bloomberg notes already certain corners of the market are turning their attention to the potential for multiple rate hikes.In swaptions,a position has emerged targeting the Fed to hike seven to eight times by March 2025, according to a Barclays analysis.\nThere is, of course, the risk that markets have gotten ahead of themselves - the whole point of a recent RIC report from BofA, which does not see anywhere nearly enough sustained inflation to justify a 2022 rate hike, let alone 7 by 2025: “it’s possible the market may have gotten a little ahead of itself in the belly,” causing the 5-year rate to rise too much, said Jamie Anderson, head of U.S. trading for Insight Investment. If the data come in weak or the Fed is on hold for longer than expected, “the belly should rally and the curve re-steepen,” he said.\nFor Incapital’s Leary, the narrowing in the 5s30s gap came on the view that officials may discuss - or even announce - a twist next week. Such an operation, involving the sale of shorter-dated holdings and purchase of longer maturities to control yields, would put more pressure on the belly, he says. That would follow the European Central Bank’s decision to ramp up its bond-buying pace.\n“All these trades are highly dependent on the Fed being on the sidelines and not changing its policy stance,” Leary said.“The market is definitely playing a game of chicken with the Fed, by testing how high yields can get before tightening financial conditions and forcing the Fed to step in.\"\nMeanwhile, even as some strategists have brushed aside the yield risk for growth stocks, claiming that tech has shown a fickle relationship with Treasuries over time, Joe Kalish, chief global macro strategist at Ned Davis Research,found that since 2014, the Nasdaq 100’s forward earnings yield - the inverse of its price-earnings ratio where the higher it is, the cheaper stocks are - has moved almost in lockstep with forecast corporate bond rates.\nIn his model, if 10-year Treasury yields rise to 2% this year, that in turn could drive long-term Baa-rated bond rates to 4.5%, a scenario wherethe Nasdaq 100 would have to drop as much as 20% to stay attractive, all else equal.If yields climbed but the Nasdaq didn’t move, this would indicate over-valuation, Kalish said, adding his model correctly flashed warnings in 1987 and 2000.\nAlso keep in mind that even after the recent drop, the price-earnings ratio of the Nasdaq 100 - at 28 - is nowhere near cheap relative to other stocks, and is a 7% premium over the S&P 500.\nFinally, the growth advantage that has sustained tech’s outperformance in all but one year since 2009 is poised to disappear - at least for the next two years - as pandemic-beaten firms like airlines and automakers roar back. Profits from software and internet companies are expected to expand 22% this year and 12% in 2022. Both lag behind the broad S&P 500, where earnings are forecast to increase 24% and 15%, respectively.\nSo going back to the top chart, and with Nasdaq 100 knocking on the door of its relative peak, it’d be a mistake not to consider the downside risk, according to Jim Paulsen, chief investment strategist at Leuthold Group.\n“New-era investments are at a significant crossroads,” he said.“After a prolonged period of extensive outperformance by the Nasdaq and tech stocks, it is not unreasonable to foresee a phase of underperformance, consolidation or even an outright collapse.”\nIf all this sounds unnecessarily convoluted, we remind you of what Rabobank's Michael Everysaid overnight, in what may be the best summary of the Fed's options:\n\n \"If Powell does nothing, we could perhaps be on the verge of a 2013-style Taper Tantrum. That would send Godzilla-sized shockwaves through markets everywhere, including Tokyo. (And I now think of 1970/80’s British TV ads where a Mock-zilla would eat famous global landmarks before deciding he preferred a certain candy “even chewier than a Barrow-in-Furness bus depot.”) \"\"Of course, Powell could say something or do something: Operation Twist and Shout; or YCC. First of all, this would then show that there is a disconnect between the Treasury and the Fed, which is hardly ideal. Moreover, such steps would prompt a major market flattening, but of two different kinds (short end up and long end down; or just long end down).\n As I keep repeating here, YCC would also open the door for some seriously new epic adventures, like opening the mysterious giant gate behind which King Kong is found on his remote island.\"\n\nIn short, brace for a burst of volatility on Thursday when Powell (and tech stock bulls) will be damned if the Fed Chairdoesn'tdo anything, and damned if he does...","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,"SPY":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":531,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}