CloudElijah的个人主页 - 老虎社区

CloudElijah

CloudElijah

暂无个人介绍

IP属地：未知

155关注

1粉丝

6主题

0勋章

2021-03-15

$Tencent(00700)$恶心真的恶心

2021-04-08

Like and comment

抱歉，原内容已删除

2021-03-01

DOGE COIN good ?

抱歉，原内容已删除

2021-03-23

$JD-SW(09618)$今天也持续涨回巅峰

2021-03-18

Go to 130

Apple Spent $2.8B Raised From Green Bond Issue For Clean Energy Projects<blockquote>苹果将发行绿色债券筹集的2.8 B美元用于清洁能源项目</blockquote>

2021-03-20

Tech stock up

Fed Disappoints Market, Lets SLR Relief Expire: What Happens Next<blockquote>美联储令市场失望，让SLR救助到期：接下来会发生什么</blockquote>

2021-03-19

But this month the only thing it did is drop drop drop drop 🤣🤣🤣🤣

Apple Stock Is A Strong Buy, Expert Says. Here’s Why<blockquote>专家表示，苹果股票值得强力买入。原因如下</blockquote>

2021-03-19

Will drop soon

抱歉，原内容已删除

2021-03-09

Green day ?

ARK Innovation Rebounds As Cathie Wood Stands Firm on Tech Bets; Tesla Surges<blockquote>凯西·伍德(Cathie Wood)坚定地押注科技，方舟创新(ARK Innovation)反弹；特斯拉激增</blockquote>

2021-04-06

Nice

抱歉，原内容已删除

去老虎APP查看更多动态

{"i18n":{"language":"zh_CN"},"userPageInfo":{"id":"3577530058213588","uuid":"3577530058213588","gmtCreate":1614436034557,"gmtModify":1614582075973,"name":"CloudElijah","pinyin":"cloudelijah","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":1,"headSize":155,"tweetSize":46,"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":6,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":2,"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":"2022.07.19","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001}],"userBadgeCount":1,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":1,"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":"hot","tweets":[{"id":100578482,"gmtCreate":1619624782446,"gmtModify":1634211222484,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/100578482","repostId":"100589401","repostType":1,"repost":{"id":100589401,"gmtCreate":1619621355703,"gmtModify":1619622224308,"author":{"id":"3577174775569773","authorId":"3577174775569773","name":"一视财经","avatar":"https://static.tigerbbs.com/bda7ddcf63ef657789576509d7c62f46","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577174775569773","authorIdStr":"3577174775569773"},"themes":[],"title":"特斯拉维权女主为什么不诉讼？","htmlText":"4月19日，上海车展的“特斯拉女车主车顶维权”事件在消费界掀起了轩然大波，剧情出乎意料地反转再反转，升级再升级，对于特斯拉这一品牌的声讨也是全速发酵，持续霸榜。但与此同时，随着事件的脉络一步步清晰，更多的细节正在一一展现。首先我们来梳理一下时间线，整个事件最初应该是从今年2月份开始。2月21日，车主张某与家人驾车出游发生车祸，司机为张某父亲。据张某称，父亲在驾驶过程中车辆自身在一次刹车中没有降速反而加速，最终追尾前方多车，导致车内两人受伤。交警认定张某父亲违章驾驶车辆导致事故发生，对事故应承担全部责任。3月6日，张某将该事故车辆贴上封条，并提出要求退车、赔偿精神损失费等诉求。3月9日上午，郑州郑东新区市场监督管理总局邀请特斯拉和车主张某进行调解。特斯拉表示愿意垫付第三方检测费用，尽快解决问题。后因张某家人质疑第三方检测公正问题未达成协议。3月10日，特斯拉回应张某事故称，“经过对相关数据进行分析，未见车辆制动系统异常”，并表示事故车辆事发前曾达到118km/h的车速。4月19日上午，上海车展上，张某站上特斯拉车顶，与同行两人共同维权。4月19日下午，特斯拉公司全球副总裁陶琳回应车展维权事件称涉事车主要求高额赔偿。4月19日深夜，特斯拉官方声明，对特斯拉产品的问题会负责到底，同时对不合理诉求不会妥协。4月20日早，上海市公安局青浦分局发布通报，称维权女子张某因扰乱公共秩序被处以行政拘留五日，李某被行政警告。4月20日，维权车主相继发声，对维权方式进行了道歉并表示，“决不妥协，会维权到底”。4月20日 11:11特斯拉车展维权车主道歉4月20日 16:49特斯拉车展维权车主妹妹发声4月20日 19:00郑州市监局回应特斯拉车主维权4月20日 23:30特斯拉向车主致歉：已成立处理小组4月21日 10:45维权车主称未收到特斯拉道歉4月21日 18:48官方责令特斯拉立即提供行车","listText":"4月19日，上海车展的“特斯拉女车主车顶维权”事件在消费界掀起了轩然大波，剧情出乎意料地反转再反转，升级再升级，对于特斯拉这一品牌的声讨也是全速发酵，持续霸榜。但与此同时，随着事件的脉络一步步清晰，更多的细节正在一一展现。首先我们来梳理一下时间线，整个事件最初应该是从今年2月份开始。2月21日，车主张某与家人驾车出游发生车祸，司机为张某父亲。据张某称，父亲在驾驶过程中车辆自身在一次刹车中没有降速反而加速，最终追尾前方多车，导致车内两人受伤。交警认定张某父亲违章驾驶车辆导致事故发生，对事故应承担全部责任。3月6日，张某将该事故车辆贴上封条，并提出要求退车、赔偿精神损失费等诉求。3月9日上午，郑州郑东新区市场监督管理总局邀请特斯拉和车主张某进行调解。特斯拉表示愿意垫付第三方检测费用，尽快解决问题。后因张某家人质疑第三方检测公正问题未达成协议。3月10日，特斯拉回应张某事故称，“经过对相关数据进行分析，未见车辆制动系统异常”，并表示事故车辆事发前曾达到118km/h的车速。4月19日上午，上海车展上，张某站上特斯拉车顶，与同行两人共同维权。4月19日下午，特斯拉公司全球副总裁陶琳回应车展维权事件称涉事车主要求高额赔偿。4月19日深夜，特斯拉官方声明，对特斯拉产品的问题会负责到底，同时对不合理诉求不会妥协。4月20日早，上海市公安局青浦分局发布通报，称维权女子张某因扰乱公共秩序被处以行政拘留五日，李某被行政警告。4月20日，维权车主相继发声，对维权方式进行了道歉并表示，“决不妥协，会维权到底”。4月20日 11:11特斯拉车展维权车主道歉4月20日 16:49特斯拉车展维权车主妹妹发声4月20日 19:00郑州市监局回应特斯拉车主维权4月20日 23:30特斯拉向车主致歉：已成立处理小组4月21日 10:45维权车主称未收到特斯拉道歉4月21日 18:48官方责令特斯拉立即提供行车","text":"4月19日，上海车展的“特斯拉女车主车顶维权”事件在消费界掀起了轩然大波，剧情出乎意料地反转再反转，升级再升级，对于特斯拉这一品牌的声讨也是全速发酵，持续霸榜。但与此同时，随着事件的脉络一步步清晰，更多的细节正在一一展现。首先我们来梳理一下时间线，整个事件最初应该是从今年2月份开始。2月21日，车主张某与家人驾车出游发生车祸，司机为张某父亲。据张某称，父亲在驾驶过程中车辆自身在一次刹车中没有降速反而加速，最终追尾前方多车，导致车内两人受伤。交警认定张某父亲违章驾驶车辆导致事故发生，对事故应承担全部责任。3月6日，张某将该事故车辆贴上封条，并提出要求退车、赔偿精神损失费等诉求。3月9日上午，郑州郑东新区市场监督管理总局邀请特斯拉和车主张某进行调解。特斯拉表示愿意垫付第三方检测费用，尽快解决问题。后因张某家人质疑第三方检测公正问题未达成协议。3月10日，特斯拉回应张某事故称，“经过对相关数据进行分析，未见车辆制动系统异常”，并表示事故车辆事发前曾达到118km/h的车速。4月19日上午，上海车展上，张某站上特斯拉车顶，与同行两人共同维权。4月19日下午，特斯拉公司全球副总裁陶琳回应车展维权事件称涉事车主要求高额赔偿。4月19日深夜，特斯拉官方声明，对特斯拉产品的问题会负责到底，同时对不合理诉求不会妥协。4月20日早，上海市公安局青浦分局发布通报，称维权女子张某因扰乱公共秩序被处以行政拘留五日，李某被行政警告。4月20日，维权车主相继发声，对维权方式进行了道歉并表示，“决不妥协，会维权到底”。4月20日 11:11特斯拉车展维权车主道歉4月20日 16:49特斯拉车展维权车主妹妹发声4月20日 19:00郑州市监局回应特斯拉车主维权4月20日 23:30特斯拉向车主致歉：已成立处理小组4月21日 10:45维权车主称未收到特斯拉道歉4月21日 18:48官方责令特斯拉立即提供行车","images":[{"img":"https://static.tigerbbs.com/e9456cbed7e380c3d661593b95cd5a10"},{"img":"https://static.tigerbbs.com/bfd3706368544cc0483621e393c71ffc"},{"img":"https://static.tigerbbs.com/cc0aa5d2737401e6c99574117f1124a3"}],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/100589401","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":10,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":2153,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":375042045,"gmtCreate":1619266493787,"gmtModify":1634287366145,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/375042045","repostId":"2129359569","repostType":4,"isVote":1,"tweetType":1,"viewCount":1686,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":348069061,"gmtCreate":1617869637153,"gmtModify":1634296054770,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/348069061","repostId":"1165785114","repostType":2,"isVote":1,"tweetType":1,"viewCount":1849,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":341190890,"gmtCreate":1617788998710,"gmtModify":1634296505353,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/341190890","repostId":"1105113940","repostType":4,"isVote":1,"tweetType":1,"viewCount":1546,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343920058,"gmtCreate":1617670531174,"gmtModify":1634297217671,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/343920058","repostId":"1153914073","repostType":4,"isVote":1,"tweetType":1,"viewCount":2877,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":340295185,"gmtCreate":1617414726547,"gmtModify":1634521071058,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/340295185","repostId":"1188150614","repostType":4,"repost":{"id":"1188150614","kind":"news","pubTimestamp":1617366389,"share":"https://www.laohu8.com/m/news/1188150614?lang=zh_CN&edition=full","pubTime":"2021-04-02 20:26","market":"us","language":"en","title":"3 Beaten-Down Stocks That Could Double Your Money<blockquote>3只遭受重创的股票可以让你的钱翻倍</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1188150614","media":"Motley Fool","summary":"Market rotation malaise has infected many investors. Last year, the growth stocks in theNasdaq-100index trounced the staid giants in theDow Jones Industrial Average. It's been a different story so far in 2021, though. The big money appears to be moving into so-called \"risk-off\" stocks.As a result, many of the high-flyers from just a few months ago are now stuck in the doldrums. Some are even down more than 30% from their peaks set earlier this year. There's a silver lining in this dark cloud, ho","content":"<p>Market rotation malaise has infected many investors. Last year, the growth stocks in the<b>Nasdaq-100</b>index trounced the staid giants in the<b>Dow Jones Industrial Average</b>. It's been a different story so far in 2021, though. The big money appears to be moving into so-called \"risk-off\" stocks.</p><p><blockquote>市场轮动的萎靡已经感染了许多投资者。去年，成长股<b>纳斯达克100</b>指数击败了稳重的巨头<b>道琼斯工业平均指数</b>.不过，2021年到目前为止，情况有所不同。大笔资金似乎正在转向所谓的“避险”股票。</blockquote></p><p> As a result, many of the high-flyers from just a few months ago are now stuck in the doldrums. Some are even down more than 30% from their peaks set earlier this year. There's a silver lining in this dark cloud, however: Quite a few stocks with strong growth prospects are available at discounted prices.&nbsp;Here are three beaten-down stocks that could even double your money -- or more.</p><p><blockquote>结果，许多几个月前雄心勃勃的人现在都陷入了低迷。有些甚至比今年早些时候创下的峰值下降了30%以上。然而，乌云中也有一线希望：相当多具有强劲增长前景的股票可以打折购买。这里有三只遭受重创的股票，它们甚至可以让你的钱翻倍甚至更多。</blockquote></p><p> <b>DermTech</b></p><p><blockquote><b>皮肤技术</b></blockquote></p><p> <b>DermTech</b>(NASDAQ:DMTK)markets an exciting product: a skin genomics test that can detect melanoma more accurately and cheaper than surgical biopsy. Its shares soared over 145% year to date by the third week of February. Since then, though, thehealthcare stockhas fallen more than 35%.</p><p><blockquote><b>皮肤技术</b>（纳斯达克：DMTK）推出了一款令人兴奋的产品：一种皮肤基因组学测试，可以比手术活检更准确、更便宜地检测黑色素瘤。截至2月第三周，其股价今年迄今已飙升超过145%。不过，自那以来，医疗保健股已下跌超过35%。</blockquote></p><p> Part of the problem was the aforementioned general sell-off of growth stocks. However, DermTech also provided disappointing guidance in its fourth-quarter update. The company expects first-quarter assay revenue of between $1.6 million and $1.9 million compared to Q4 assay revenue of $1.6 million.</p><p><blockquote>部分问题在于前面提到的成长型股票的普遍抛售。然而，DermTech在第四季度更新中也提供了令人失望的指引。该公司预计第一季度检测收入在160万美元至190万美元之间，而第四季度检测收入为160万美元。</blockquote></p><p> DermTech still faces some COVID-19 headwinds in reaching out to physicians. The company's long-term growth prospects remain bright, though. DermTech continues to pick up commercial payer reimbursement for its first product, Pigmented Lesion Assay (PLA). It expects to launch an at-home genomics test that identifies ultraviolet ray damage and skin cancer risk next year.</p><p><blockquote>DermTech在接触医生方面仍然面临一些新冠肺炎的阻力。不过，该公司的长期增长前景仍然光明。DermTech继续为其首款产品色素性病变检测(PLA)获得商业付款人报销。它预计明年将推出一项家庭基因组学测试，以识别紫外线损伤和皮肤癌风险。</blockquote></p><p> The total addressable U.S. market that DermTech is targeting for all types of skin cancer is around $10 billion. With the company's market cap currently below $1.5 billion, DermTech should only have to capture a tiny sliver of this market to deliver huge returns for investors.</p><p><blockquote>DermTech针对所有类型皮肤癌的潜在美国市场总额约为100亿美元。由于该公司的市值目前低于15亿美元，DermTech应该只需占领这个市场的一小部分，就可以为投资者带来巨额回报。</blockquote></p><p> <b>Gores Holdings VI</b></p><p><blockquote><b>戈尔斯控股VI</b></blockquote></p><p> Special purpose acquisition company (SPAC) stocks were wildly popular not long ago. That's changed quite a bit.&nbsp;<b>Gores Holdings VI</b>(NASDAQ:GHVI)serves as a great example: The SPAC's shares skyrocketed more than 120% year to date by mid-February but are now down over 40% from those highs.</p><p><blockquote>特殊目的收购公司（SPAC）股票不久前广受欢迎。这已经改变了很多。<b>戈尔斯控股VI</b>（纳斯达克股票代码：GHVI）就是一个很好的例子：截至2月中旬，SPAC的股价今年迄今飙升了120%以上，但现在较高点下跌了40%以上。</blockquote></p><p> Gores Holdings VI and spatial data company Matterport announced on Feb. 8 that they plan to merge in a deal that will take Matterport public at an equity value of around $2.9 billion. But Matterport should be able to grow much larger than that relatively quickly.</p><p><blockquote>Gores Holdings VI和空间数据公司Matterport于2月8日宣布，他们计划合并，Matterport将以约29亿美元的股权价值上市。但Matterport应该能够相对较快地发展得更大。</blockquote></p><p> Matterport pioneered the spatial data market a decade ago. The company's technology can create a 3D \"digital twin\" of any physical space. Consulting firm<b>Accenture</b>recently picked digital twin technology asone of its top five tech trends of 2021.</p><p><blockquote>Matterport十年前开创了空间数据市场。该公司的技术可以创建任何物理空间的3D“数字孪生”。咨询公司<b>埃森哲</b>最近将数字孪生技术选为2021年五大技术趋势之一。</blockquote></p><p> The company already has over 250,000 customers, including 13% of the Fortune 1000. However, less than 1% of the more than 4 billion buildings across the world are currently digitized. This represents a $240 billion opportunity for Matterport. The company expects to nearly double its revenue in 2022 with growth accelerating in subsequent years.</p><p><blockquote>该公司已经拥有超过250,000名客户，其中包括财富1000强中的13%。然而，目前全球40多亿栋建筑中只有不到1%实现了数字化。这对Matterport来说意味着2400亿美元的机会。该公司预计2022年收入将增长近一倍，随后几年增长将加速。</blockquote></p><p> <b>Skillz</b></p><p><blockquote><b>斯基尔茨</b></blockquote></p><p> <b>Skillz</b>(NYSE:SKLZ)stands as the biggest loser of these three beaten-down stocks. Shares of the mobile game platform provider soared nearly 120% by early February only to give up all of those gains and then some. The stock is now down over 5% year to date.</p><p><blockquote><b>斯基尔茨</b>（纽约证券交易所股票代码：SKLZ）是这三只遭受重创的股票中跌幅最大的。截至2月初，这家移动游戏平台提供商的股价飙升近120%，但随后又回吐了全部涨幅，甚至部分涨幅。今年迄今为止，该股已下跌超过5%。</blockquote></p><p> Like DermTech and Gores Holdings VI, Skillz was negatively impacted by the market rotation away from growth stocks. However, the company's decision to sell 17 million shares in a public offering also hurt.</p><p><blockquote>与DermTech和Gores Holdings VI一样，Skillz也受到了市场远离成长型股票的负面影响。然而，该公司公开发行出售1700万股股票的决定也造成了伤害。</blockquote></p><p> Skillz's competition-focused approach keeps users more engaged than other leading online platforms. It's also driving tremendous growth. The company's revenue nearly doubled in 2020. Skillz is especially making inroads in converting users to paying customers.</p><p><blockquote>Skillz以竞争为中心的方法比其他领先的在线平台更能吸引用户。它也推动了巨大的增长。该公司的收入在2020年几乎翻了一番。Skillz在将用户转化为付费客户方面尤其取得了进展。</blockquote></p><p> The mobile gaming market totaled $86 billion last year and continues to grow rapidly. Skillz should be able to increase its market share as it expands internationally and adds new genres of games to its platform. The company's multi-year agreement with the NFL could also provide a big boost.</p><p><blockquote>去年移动游戏市场总额为860亿美元，并继续快速增长。随着Skillz在国际上扩张并在其平台上添加新类型的游戏，它应该能够增加其市场份额。该公司与NFL的多年协议也可能带来巨大推动。</blockquote></p><p> Skillz looks like a stock that could easily double your money and perhaps deliver much greater returns than that over the next couple of years.</p><p><blockquote>Skillz看起来像是一只可以轻松让你的钱翻倍的股票，并且在未来几年内可能会带来比这更高的回报。</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>3 Beaten-Down Stocks That Could Double Your Money<blockquote>3只遭受重创的股票可以让你的钱翻倍</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\">\n3 Beaten-Down Stocks That Could Double Your Money<blockquote>3只遭受重创的股票可以让你的钱翻倍</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\">2021-04-02 20:26</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Market rotation malaise has infected many investors. Last year, the growth stocks in the<b>Nasdaq-100</b>index trounced the staid giants in the<b>Dow Jones Industrial Average</b>. It's been a different story so far in 2021, though. The big money appears to be moving into so-called \"risk-off\" stocks.</p><p><blockquote>市场轮动的萎靡已经感染了许多投资者。去年，成长股<b>纳斯达克100</b>指数击败了稳重的巨头<b>道琼斯工业平均指数</b>.不过，2021年到目前为止，情况有所不同。大笔资金似乎正在转向所谓的“避险”股票。</blockquote></p><p> As a result, many of the high-flyers from just a few months ago are now stuck in the doldrums. Some are even down more than 30% from their peaks set earlier this year. There's a silver lining in this dark cloud, however: Quite a few stocks with strong growth prospects are available at discounted prices.&nbsp;Here are three beaten-down stocks that could even double your money -- or more.</p><p><blockquote>结果，许多几个月前雄心勃勃的人现在都陷入了低迷。有些甚至比今年早些时候创下的峰值下降了30%以上。然而，乌云中也有一线希望：相当多具有强劲增长前景的股票可以打折购买。这里有三只遭受重创的股票，它们甚至可以让你的钱翻倍甚至更多。</blockquote></p><p> <b>DermTech</b></p><p><blockquote><b>皮肤技术</b></blockquote></p><p> <b>DermTech</b>(NASDAQ:DMTK)markets an exciting product: a skin genomics test that can detect melanoma more accurately and cheaper than surgical biopsy. Its shares soared over 145% year to date by the third week of February. Since then, though, thehealthcare stockhas fallen more than 35%.</p><p><blockquote><b>皮肤技术</b>（纳斯达克：DMTK）推出了一款令人兴奋的产品：一种皮肤基因组学测试，可以比手术活检更准确、更便宜地检测黑色素瘤。截至2月第三周，其股价今年迄今已飙升超过145%。不过，自那以来，医疗保健股已下跌超过35%。</blockquote></p><p> Part of the problem was the aforementioned general sell-off of growth stocks. However, DermTech also provided disappointing guidance in its fourth-quarter update. The company expects first-quarter assay revenue of between $1.6 million and $1.9 million compared to Q4 assay revenue of $1.6 million.</p><p><blockquote>部分问题在于前面提到的成长型股票的普遍抛售。然而，DermTech在第四季度更新中也提供了令人失望的指引。该公司预计第一季度检测收入在160万美元至190万美元之间，而第四季度检测收入为160万美元。</blockquote></p><p> DermTech still faces some COVID-19 headwinds in reaching out to physicians. The company's long-term growth prospects remain bright, though. DermTech continues to pick up commercial payer reimbursement for its first product, Pigmented Lesion Assay (PLA). It expects to launch an at-home genomics test that identifies ultraviolet ray damage and skin cancer risk next year.</p><p><blockquote>DermTech在接触医生方面仍然面临一些新冠肺炎的阻力。不过，该公司的长期增长前景仍然光明。DermTech继续为其首款产品色素性病变检测(PLA)获得商业付款人报销。它预计明年将推出一项家庭基因组学测试，以识别紫外线损伤和皮肤癌风险。</blockquote></p><p> The total addressable U.S. market that DermTech is targeting for all types of skin cancer is around $10 billion. With the company's market cap currently below $1.5 billion, DermTech should only have to capture a tiny sliver of this market to deliver huge returns for investors.</p><p><blockquote>DermTech针对所有类型皮肤癌的潜在美国市场总额约为100亿美元。由于该公司的市值目前低于15亿美元，DermTech应该只需占领这个市场的一小部分，就可以为投资者带来巨额回报。</blockquote></p><p> <b>Gores Holdings VI</b></p><p><blockquote><b>戈尔斯控股VI</b></blockquote></p><p> Special purpose acquisition company (SPAC) stocks were wildly popular not long ago. That's changed quite a bit.&nbsp;<b>Gores Holdings VI</b>(NASDAQ:GHVI)serves as a great example: The SPAC's shares skyrocketed more than 120% year to date by mid-February but are now down over 40% from those highs.</p><p><blockquote>特殊目的收购公司（SPAC）股票不久前广受欢迎。这已经改变了很多。<b>戈尔斯控股VI</b>（纳斯达克股票代码：GHVI）就是一个很好的例子：截至2月中旬，SPAC的股价今年迄今飙升了120%以上，但现在较高点下跌了40%以上。</blockquote></p><p> Gores Holdings VI and spatial data company Matterport announced on Feb. 8 that they plan to merge in a deal that will take Matterport public at an equity value of around $2.9 billion. But Matterport should be able to grow much larger than that relatively quickly.</p><p><blockquote>Gores Holdings VI和空间数据公司Matterport于2月8日宣布，他们计划合并，Matterport将以约29亿美元的股权价值上市。但Matterport应该能够相对较快地发展得更大。</blockquote></p><p> Matterport pioneered the spatial data market a decade ago. The company's technology can create a 3D \"digital twin\" of any physical space. Consulting firm<b>Accenture</b>recently picked digital twin technology asone of its top five tech trends of 2021.</p><p><blockquote>Matterport十年前开创了空间数据市场。该公司的技术可以创建任何物理空间的3D“数字孪生”。咨询公司<b>埃森哲</b>最近将数字孪生技术选为2021年五大技术趋势之一。</blockquote></p><p> The company already has over 250,000 customers, including 13% of the Fortune 1000. However, less than 1% of the more than 4 billion buildings across the world are currently digitized. This represents a $240 billion opportunity for Matterport. The company expects to nearly double its revenue in 2022 with growth accelerating in subsequent years.</p><p><blockquote>该公司已经拥有超过250,000名客户，其中包括财富1000强中的13%。然而，目前全球40多亿栋建筑中只有不到1%实现了数字化。这对Matterport来说意味着2400亿美元的机会。该公司预计2022年收入将增长近一倍，随后几年增长将加速。</blockquote></p><p> <b>Skillz</b></p><p><blockquote><b>斯基尔茨</b></blockquote></p><p> <b>Skillz</b>(NYSE:SKLZ)stands as the biggest loser of these three beaten-down stocks. Shares of the mobile game platform provider soared nearly 120% by early February only to give up all of those gains and then some. The stock is now down over 5% year to date.</p><p><blockquote><b>斯基尔茨</b>（纽约证券交易所股票代码：SKLZ）是这三只遭受重创的股票中跌幅最大的。截至2月初，这家移动游戏平台提供商的股价飙升近120%，但随后又回吐了全部涨幅，甚至部分涨幅。今年迄今为止，该股已下跌超过5%。</blockquote></p><p> Like DermTech and Gores Holdings VI, Skillz was negatively impacted by the market rotation away from growth stocks. However, the company's decision to sell 17 million shares in a public offering also hurt.</p><p><blockquote>与DermTech和Gores Holdings VI一样，Skillz也受到了市场远离成长型股票的负面影响。然而，该公司公开发行出售1700万股股票的决定也造成了伤害。</blockquote></p><p> Skillz's competition-focused approach keeps users more engaged than other leading online platforms. It's also driving tremendous growth. The company's revenue nearly doubled in 2020. Skillz is especially making inroads in converting users to paying customers.</p><p><blockquote>Skillz以竞争为中心的方法比其他领先的在线平台更能吸引用户。它也推动了巨大的增长。该公司的收入在2020年几乎翻了一番。Skillz在将用户转化为付费客户方面尤其取得了进展。</blockquote></p><p> The mobile gaming market totaled $86 billion last year and continues to grow rapidly. Skillz should be able to increase its market share as it expands internationally and adds new genres of games to its platform. The company's multi-year agreement with the NFL could also provide a big boost.</p><p><blockquote>去年移动游戏市场总额为860亿美元，并继续快速增长。随着Skillz在国际上扩张并在其平台上添加新类型的游戏，它应该能够增加其市场份额。该公司与NFL的多年协议也可能带来巨大推动。</blockquote></p><p> Skillz looks like a stock that could easily double your money and perhaps deliver much greater returns than that over the next couple of years.</p><p><blockquote>Skillz看起来像是一只可以轻松让你的钱翻倍的股票，并且在未来几年内可能会带来比这更高的回报。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/04/02/3-beaten-down-stocks-that-could-double-your-money/\">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":{},"source_url":"https://www.fool.com/investing/2021/04/02/3-beaten-down-stocks-that-could-double-your-money/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1188150614","content_text":"Market rotation malaise has infected many investors. Last year, the growth stocks in theNasdaq-100index trounced the staid giants in theDow Jones Industrial Average. It's been a different story so far in 2021, though. The big money appears to be moving into so-called \"risk-off\" stocks.\nAs a result, many of the high-flyers from just a few months ago are now stuck in the doldrums. Some are even down more than 30% from their peaks set earlier this year. There's a silver lining in this dark cloud, however: Quite a few stocks with strong growth prospects are available at discounted prices. Here are three beaten-down stocks that could even double your money -- or more.\nDermTech\nDermTech(NASDAQ:DMTK)markets an exciting product: a skin genomics test that can detect melanoma more accurately and cheaper than surgical biopsy. Its shares soared over 145% year to date by the third week of February. Since then, though, thehealthcare stockhas fallen more than 35%.\nPart of the problem was the aforementioned general sell-off of growth stocks. However, DermTech also provided disappointing guidance in its fourth-quarter update. The company expects first-quarter assay revenue of between $1.6 million and $1.9 million compared to Q4 assay revenue of $1.6 million.\nDermTech still faces some COVID-19 headwinds in reaching out to physicians. The company's long-term growth prospects remain bright, though. DermTech continues to pick up commercial payer reimbursement for its first product, Pigmented Lesion Assay (PLA). It expects to launch an at-home genomics test that identifies ultraviolet ray damage and skin cancer risk next year.\nThe total addressable U.S. market that DermTech is targeting for all types of skin cancer is around $10 billion. With the company's market cap currently below $1.5 billion, DermTech should only have to capture a tiny sliver of this market to deliver huge returns for investors.\nGores Holdings VI\nSpecial purpose acquisition company (SPAC) stocks were wildly popular not long ago. That's changed quite a bit. Gores Holdings VI(NASDAQ:GHVI)serves as a great example: The SPAC's shares skyrocketed more than 120% year to date by mid-February but are now down over 40% from those highs.\nGores Holdings VI and spatial data company Matterport announced on Feb. 8 that they plan to merge in a deal that will take Matterport public at an equity value of around $2.9 billion. But Matterport should be able to grow much larger than that relatively quickly.\nMatterport pioneered the spatial data market a decade ago. The company's technology can create a 3D \"digital twin\" of any physical space. Consulting firmAccenturerecently picked digital twin technology asone of its top five tech trends of 2021.\nThe company already has over 250,000 customers, including 13% of the Fortune 1000. However, less than 1% of the more than 4 billion buildings across the world are currently digitized. This represents a $240 billion opportunity for Matterport. The company expects to nearly double its revenue in 2022 with growth accelerating in subsequent years.\nSkillz\nSkillz(NYSE:SKLZ)stands as the biggest loser of these three beaten-down stocks. Shares of the mobile game platform provider soared nearly 120% by early February only to give up all of those gains and then some. The stock is now down over 5% year to date.\nLike DermTech and Gores Holdings VI, Skillz was negatively impacted by the market rotation away from growth stocks. However, the company's decision to sell 17 million shares in a public offering also hurt.\nSkillz's competition-focused approach keeps users more engaged than other leading online platforms. It's also driving tremendous growth. The company's revenue nearly doubled in 2020. Skillz is especially making inroads in converting users to paying customers.\nThe mobile gaming market totaled $86 billion last year and continues to grow rapidly. Skillz should be able to increase its market share as it expands internationally and adds new genres of games to its platform. The company's multi-year agreement with the NFL could also provide a big boost.\nSkillz looks like a stock that could easily double your money and perhaps deliver much greater returns than that over the next couple of years.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":3331,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":357842267,"gmtCreate":1617263853159,"gmtModify":1634521742083,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/357842267","repostId":"2124206681","repostType":2,"repost":{"id":"2124206681","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1617248713,"share":"https://www.laohu8.com/m/news/2124206681?lang=zh_CN&edition=full","pubTime":"2021-04-01 11:45","market":"us","language":"en","title":"BUZZ-JD.Com's HK shares climb most in 3 weeks on plans to spin off cloud, AI businesses<blockquote>BUZZ-京东港股因计划分拆云和人工智能业务而创三周来最大涨幅</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2124206681","media":"Reuters","summary":"** Hong Kong-listed shares of Chinese e-commerce firm JD.com Inc    rise as much as 3.6% to HK$333.6","content":"<p><html><body>** Hong Kong-listed shares of Chinese e-commerce firm JD.com Inc    rise as much as 3.6% to HK$333.60, their highest since March 22, on course for a fifth straight session of gains</p><p><blockquote><html><body>**中国电子商务公司京东在香港上市的股价上涨3.6%，至333.60港元，为3月22日以来的最高水平，有望连续第五个交易日上涨</body></html></blockquote></p><p>   ** Stock on track for the best day since March 11; the fourth-biggest percentage gainer in Hang Seng China enterprises index   </p><p><blockquote>**股票有望创下3月11日以来最好的一天；恒生国企指数第四大百分比涨幅</blockquote></p><p>   ** JD.com    said it plans to transfer JD Cloud and artificial intelligence business to its financial technology unit, JD Digits, for a combined valuation of 15.7 bln yuan ($2.40 bln). The deal will take JD.com's stake in the unit to about 42%  </p><p><blockquote>**京东表示，计划将京东云和人工智能业务转移至其金融科技部门京东数字，总估值为157亿元人民币（24亿美元）。这笔交易将使京东在该部门的股份达到约42%</blockquote></p><p>   ** Brokerage Daiwa maintains \"buy\" on the stock, saying it believes offloading the cloud and AI businesses will unlock the value of JD group while providing an additional valuation boost for JD's shareholding in JD Digits</p><p><blockquote>**券商大和维持对该股的“买入”评级，称相信剥离云和人工智能业务将释放京东集团的价值，同时为京东持股京东数字提供额外的估值提升</blockquote></p><p>   ** The Hong Kong Hang Seng sub-index tracking information technology firms    gains 0.4%, and the Hang Seng Tech Index    rises 3.4%</p><p><blockquote>**追踪资讯科技公司的香港恒生分类指数上涨0.4%，恒生科技指数上涨3.4%</blockquote></p><p>   ** The Hang Seng China enterprises index    rises 1.3%, and the benchmark index    climbs 1.1%</p><p><blockquote>**恒生国企指数上涨1.3%，基准指数攀升1.1%</blockquote></p><p>   ** As of last close, Hong Kong-listed shares down 5.9% this year</p><p><blockquote>**截至最后收盘，港股今年下跌5.9%</blockquote></p><p> (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)</p><p><blockquote>（路透社消息：donny.kwok.thomsonreuters.com@reuters.net）</blockquote></p><p></body></html></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>BUZZ-JD.Com's HK shares climb most in 3 weeks on plans to spin off cloud, AI businesses<blockquote>BUZZ-京东港股因计划分拆云和人工智能业务而创三周来最大涨幅</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\">\nBUZZ-JD.Com's HK shares climb most in 3 weeks on plans to spin off cloud, AI businesses<blockquote>BUZZ-京东港股因计划分拆云和人工智能业务而创三周来最大涨幅</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2021-04-01 11:45</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><body>** Hong Kong-listed shares of Chinese e-commerce firm JD.com Inc    rise as much as 3.6% to HK$333.60, their highest since March 22, on course for a fifth straight session of gains</p><p><blockquote><html><body>**中国电子商务公司京东在香港上市的股价上涨3.6%，至333.60港元，为3月22日以来的最高水平，有望连续第五个交易日上涨</body></html></blockquote></p><p>   ** Stock on track for the best day since March 11; the fourth-biggest percentage gainer in Hang Seng China enterprises index   </p><p><blockquote>**股票有望创下3月11日以来最好的一天；恒生国企指数第四大百分比涨幅</blockquote></p><p>   ** JD.com    said it plans to transfer JD Cloud and artificial intelligence business to its financial technology unit, JD Digits, for a combined valuation of 15.7 bln yuan ($2.40 bln). The deal will take JD.com's stake in the unit to about 42%  </p><p><blockquote>**京东表示，计划将京东云和人工智能业务转移至其金融科技部门京东数字，总估值为157亿元人民币（24亿美元）。这笔交易将使京东在该部门的股份达到约42%</blockquote></p><p>   ** Brokerage Daiwa maintains \"buy\" on the stock, saying it believes offloading the cloud and AI businesses will unlock the value of JD group while providing an additional valuation boost for JD's shareholding in JD Digits</p><p><blockquote>**券商大和维持对该股的“买入”评级，称相信剥离云和人工智能业务将释放京东集团的价值，同时为京东持股京东数字提供额外的估值提升</blockquote></p><p>   ** The Hong Kong Hang Seng sub-index tracking information technology firms    gains 0.4%, and the Hang Seng Tech Index    rises 3.4%</p><p><blockquote>**追踪资讯科技公司的香港恒生分类指数上涨0.4%，恒生科技指数上涨3.4%</blockquote></p><p>   ** The Hang Seng China enterprises index    rises 1.3%, and the benchmark index    climbs 1.1%</p><p><blockquote>**恒生国企指数上涨1.3%，基准指数攀升1.1%</blockquote></p><p>   ** As of last close, Hong Kong-listed shares down 5.9% this year</p><p><blockquote>**截至最后收盘，港股今年下跌5.9%</blockquote></p><p> (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)</p><p><blockquote>（路透社消息：donny.kwok.thomsonreuters.com@reuters.net）</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"QNETCN":"纳斯达克中美互联网老虎指数","JD":"京东","09618":"京东集团-SW"},"source_url":"http://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2124206681","content_text":"** Hong Kong-listed shares of Chinese e-commerce firm JD.com Inc    rise as much as 3.6% to HK$333.60, their highest since March 22, on course for a fifth straight session of gains   ** Stock on track for the best day since March 11; the fourth-biggest percentage gainer in Hang Seng China enterprises index      ** JD.com    said it plans to transfer JD Cloud and artificial intelligence business to its financial technology unit, JD Digits, for a combined valuation of 15.7 bln yuan ($2.40 bln). The deal will take JD.com's stake in the unit to about 42%     ** Brokerage Daiwa maintains \"buy\" on the stock, saying it believes offloading the cloud and AI businesses will unlock the value of JD group while providing an additional valuation boost for JD's shareholding in JD Digits   ** The Hong Kong Hang Seng sub-index tracking information technology firms    gains 0.4%, and the Hang Seng Tech Index    rises 3.4%   ** The Hang Seng China enterprises index    rises 1.3%, and the benchmark index    climbs 1.1%   ** As of last close, Hong Kong-listed shares down 5.9% this year (Reuters Messaging: donny.kwok.thomsonreuters.com@reuters.net)","news_type":1,"symbols_score_info":{"09618":0.9,"JD":0.9,"QNETCN":0.6}},"isVote":1,"tweetType":1,"viewCount":1675,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":355281835,"gmtCreate":1617075604127,"gmtModify":1634522791189,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/INTC\">$Intel(INTC)$</a>since last time is u","listText":"<a href=\"https://laohu8.com/S/INTC\">$Intel(INTC)$</a>since last time is u","text":"$Intel(INTC)$since last time is u","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/355281835","isVote":1,"tweetType":1,"viewCount":1639,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353749585,"gmtCreate":1616541636547,"gmtModify":1634525336326,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>shag","listText":"<a href=\"https://laohu8.com/S/DIS\">$Walt Disney(DIS)$</a>shag","text":"$Walt Disney(DIS)$shag","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/353749585","isVote":1,"tweetType":1,"viewCount":1936,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353967066,"gmtCreate":1616456568555,"gmtModify":1634525771969,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09618\">$JD-SW(09618)$</a>今天也持续涨回巅峰","listText":"<a href=\"https://laohu8.com/S/09618\">$JD-SW(09618)$</a>今天也持续涨回巅峰","text":"$JD-SW(09618)$今天也持续涨回巅峰","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/353967066","isVote":1,"tweetType":1,"viewCount":3400,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3492072490910388","authorId":"3492072490910388","name":"小脑斧吼吼","avatar":"https://static.tigerbbs.com/2d03147d98ab2851b4e49474a9e679a9","crmLevel":2,"crmLevelSwitch":0,"idStr":"3492072490910388","authorIdStr":"3492072490910388"},"content":"你挺执着啊","text":"你挺执着啊","html":"你挺执着啊"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":353968711,"gmtCreate":1616456250433,"gmtModify":1634525774815,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"Buy both","listText":"Buy both","text":"Buy both","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/353968711","repostId":"2121992170","repostType":2,"isVote":1,"tweetType":1,"viewCount":1102,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359358762,"gmtCreate":1616368012556,"gmtModify":1634526262363,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09618\">$JD-SW(09618)$</a>是时候弹回巅峰","listText":"<a href=\"https://laohu8.com/S/09618\">$JD-SW(09618)$</a>是时候弹回巅峰","text":"$JD-SW(09618)$是时候弹回巅峰","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/359358762","isVote":1,"tweetType":1,"viewCount":1263,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":359358637,"gmtCreate":1616367938129,"gmtModify":1634526262610,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/00700\">$Tencent(00700)$</a>是时候涨回了💪💪💪💪💪💪","listText":"<a href=\"https://laohu8.com/S/00700\">$Tencent(00700)$</a>是时候涨回了💪💪💪💪💪💪","text":"$Tencent(00700)$是时候涨回了💪💪💪💪💪💪","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/359358637","isVote":1,"tweetType":1,"viewCount":1348,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":350829183,"gmtCreate":1616188837742,"gmtModify":1634526836428,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"Apple will start fresh start on new FY.Please like my post&nbsp;","listText":"Apple will start fresh start on new FY.Please like my post&nbsp;","text":"Apple will start fresh start on new FY.Please like my post","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/350829183","repostId":"1103756496","repostType":4,"isVote":1,"tweetType":1,"viewCount":355,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350820462,"gmtCreate":1616188536756,"gmtModify":1634526837039,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"Tech stock up","listText":"Tech stock up","text":"Tech stock up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/350820462","repostId":"1199154789","repostType":4,"repost":{"id":"1199154789","kind":"news","pubTimestamp":1616164372,"share":"https://www.laohu8.com/m/news/1199154789?lang=zh_CN&edition=full","pubTime":"2021-03-19 22:32","market":"us","language":"en","title":"Fed Disappoints Market, Lets SLR Relief Expire: What Happens Next<blockquote>美联储令市场失望，让SLR救助到期：接下来会发生什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199154789","media":"zerohedge","summary":"As washinted at, and discussed in depth here,the Fed decided - under political pressure from progressive Democrats such asElizabeth Warren and Sherrod Brown- to let the temporary Supplementary Leverage Ratio  exemption expire as scheduled on March 31, the one year anniversary of the rule change.The federal bank regulatory agencies today announced that the temporary change to the supplementary leverage ratio, or SLR, for depository institutions issued on May 15, 2020, will expire as scheduled on ","content":"<p>As washinted at, and discussed in depth here,the Fed decided - under political pressure from progressive Democrats such asElizabeth Warren and Sherrod Brown- to let the temporary Supplementary Leverage Ratio (SLR) exemption expire as scheduled on March 31, the one year anniversary of the rule change.</p><p><blockquote>正如本文所暗示和深入讨论的那样，在伊丽莎白·沃伦(Elizabeth Warren)和谢罗德·布朗(Sherrod Brown)等进步民主党人的政治压力下，美联储决定让临时补充杠杆率(SLR)豁免如期于3月31日（规则变更一周年）到期。</blockquote></p><p>The federal bank regulatory agencies today announced that the temporary change to the supplementary leverage ratio, or SLR, for depository institutions issued on May 15, 2020, will expire as scheduled on March 31, 2021.The temporary change was made to provide flexibility for depository institutions to provide credit to households and businesses in light of the COVID-19 event.<img src=\"https://static.tigerbbs.com/b822960da59d651f093b5113cd0c3fd0\" tg-width=\"500\" tg-height=\"319\" referrerpolicy=\"no-referrer\">This outcome is theone (again) correctly predictedby former NY Fed guru Zoltan Pozsar who following the FOMC said that \"the fact that the Fed made this adjustment practically preemptively – the o/n RRP facility is not being used at the moment, so there are no capacity constraints yet, while repo and bill yields aren’t trading negative yet –<b>suggests that the Fed is “foaming the runway” for the end of SLR exemption</b>.\"</p><p><blockquote>联邦银行监管机构今天宣布，2020年5月15日发布的存款机构补充杠杆率（SLR）的临时变更将于2021年3月31日如期到期。鉴于新冠肺炎事件，这一临时变化是为了为存款机构向家庭和企业提供信贷提供灵活性。这一结果是前纽约联储大师Zoltan Pozsar（再次）正确预测的结果，他跟随FOMC表示，“事实上，美联储实际上是先发制人地做出了这一调整——目前没有使用o/n RRP工具，因此没有能力限制，而回购和票据收益率尚未为负——<b>暗示美联储正在为SLR豁免的结束“铺路”</b>.\"</blockquote></p><p>Knowing well this would be a very hot button issue for the market, the Fed published thefollowing statementto ease trader nerves, noting that while the SLR special treatment will expire on March 31, the Fed is \"inviting public comment on several potential SLR modifications\" and furthermore, \"<b>Board may need to address the current design and calibration of the SLR over time to prevent strains from developing that could both constrain economic growth and undermine financial stability</b>\" - in short, if yields spike, the Fed will re-introduce the SLR without delay:</p><p><blockquote>美联储深知这将是市场的一个非常热门的问题，因此发表了以下声明以缓解交易员的紧张情绪，并指出，虽然SLR特殊待遇将于3月31日到期，但美联储正在“邀请公众就几项潜在的SLR修改发表评论”。此外，”<b>随着时间的推移，董事会可能需要解决SLR当前的设计和校准问题，以防止出现既限制经济增长又破坏金融稳定的压力</b>”——简而言之，如果收益率飙升，美联储将立即重新引入SLR：</blockquote></p><p>The Federal Reserve Board on Friday announced that the temporary change to its supplementary leverage ratio, or SLR, for bank holding companies will expire as scheduled on March 31. <b>Additionally, the Board will shortly seek comment on measures to adjust the SLR. The Board will take appropriate actions to assure that any changes to the SLR do not erode the overall strength of bank capital requirements.</b>To ease strains in the Treasury market resulting from the COVID-19 pandemic and to promote lending to households and businesses, the Board temporarily modified the SLR last year to exclude U.S. Treasury securities and central bank reserves. Since that time, the Treasury market has stabilized. <b>However, because of recent growth in the supply of central bank reserves and the issuance of Treasury securities, the Board may need to address the current design and calibration of the SLR over time to prevent strains from developing that could both constrain economic growth and undermine financial stability.To ensure that the SLR—which was established in 2014 as an additional capital requirement—remains effective in an environment of higher reserves, the Board will soon be inviting public comment on several potential SLR modifications.</b>The proposal and comments will contribute to ongoing discussions with the Department of the Treasury and other regulators on future work to ensure the resiliency of the Treasury market.The Fed's soothing wods notwithstanding,<b>having been primed for a favorable outcome, the Fed's disappointing announcement was hardly the news traders were hoping for and stocks tumbled...</b></p><p><blockquote>美联储周五宣布，银行控股公司补充杠杆率（SLR）的临时变化将于3月31日如期到期。<b>此外，董事会将很快就调整SLR的措施征求意见。董事会将采取适当行动，确保SLR的任何变化不会削弱银行资本要求的整体实力。</b>为了缓解COVID-19大流行造成的国债市场压力并促进对家庭和企业的贷款，董事会去年暂时修改了SLR，将美国国债和央行储备排除在外。从那时起，国债市场已经稳定下来。<b>然而，由于最近中央银行储备供应和国债发行的增长，理事会可能需要随着时间的推移解决SLR的当前设计和校准问题，以防止出现既限制经济增长又破坏金融稳定的压力。为了确保SLR（2014年作为额外资本要求而设立）在准备金较高的环境下保持有效，董事会将很快就几项潜在的SLR修改征求公众意见。</b>该提案和评论将有助于与财政部和其他监管机构就未来工作进行持续讨论，以确保国债市场的弹性。尽管美联储的WOD令人宽慰，<b>在为有利的结果做好准备后，美联储令人失望的声明几乎不是交易员所希望的消息，股市暴跌...</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/c341c3843a5031cd1599c2c89e198050\" tg-width=\"500\" tg-height=\"305\" referrerpolicy=\"no-referrer\">Bond yields spiked...</p><p><blockquote>债券收益率飙升...</blockquote></p><p><img src=\"https://static.tigerbbs.com/14173c1ce587fb45efe4c30ecc1dfbab\" tg-width=\"500\" tg-height=\"284\" referrerpolicy=\"no-referrer\">... while the stock of JPM, which is the most exposed bank to SLR relief (as noted yesterday in \"Facing Up To JP Morgan's Leverage Relief Threats\")...</p><p><blockquote>...而摩根大通的股票是受SLR救济影响最大的银行（正如昨天在“面对摩根大通的杠杆救济威胁”中所指出的）...</blockquote></p><p><img src=\"https://static.tigerbbs.com/32811183fba3dbddf1c440836298c7f3\" tg-width=\"500\" tg-height=\"602\" referrerpolicy=\"no-referrer\">.... slumped.</p><p><blockquote>....萎靡不振。</blockquote></p><p><img src=\"https://static.tigerbbs.com/2fba41463f15e79d2b8436cdd6a526fc\" tg-width=\"500\" tg-height=\"306\" referrerpolicy=\"no-referrer\">In case you've been living under a rock, here's why you should care about the SLR decision: First, for those whomissed our primer on the issue, some background from JPM (ironically the one bank that has the most to lose from the Fed's decision) the bottom line is that without SLR relief,<b>banks may have to delever, raise new capital, halt buybacks, sell preferred stock, turn down deposits and generally push back on reserves (not necessarily all of these, and not in that order) just as the Fed is injecting hundreds of billions of reserves into the market as the Treasury depletes its TGA account.</b></p><p><blockquote>如果您一直生活在岩石下，以下是您应该关心SLR决定的原因：首先，对于那些错过了我们关于这个问题的入门知识的人来说，摩根大通的一些背景（具有讽刺意味的是，这是一家从美联储损失最大的银行）的决定）底线是，如果没有SLR救济，<b>银行可能不得不去杠杆化、筹集新资本、停止回购、出售优先股、拒绝存款并普遍减少准备金（不一定是所有这些，也不是按这个顺序），就像美联储向市场注入数千亿美元一样随着财政部耗尽其TGA账户的储备。</b></blockquote></p><p></p><p>The massive expansion of the Fed’s balance that has occurred implied an equally massive growth in bank reserves held at Federal Reserve banks. <b>The expiration of the regulatory relief would add ~$2.1tn of leverage exposure across the 8 GSIBs. As well, TGA reduction and continued QE could add another ~$2.35tn of deposits to the system during 2021.</b><img src=\"https://static.tigerbbs.com/392342c2f3e1dd008b2276172a9b3ecf\" tg-width=\"500\" tg-height=\"253\" referrerpolicy=\"no-referrer\">While the expiry of the carve-out on March 31 would not have an immediate impact on GSIBs, the continued increase in leverage assets throughout the course of the year would increase long-term debt (LTD) and preferred requirements. Here, JPM takes an optimistic view and writes that<b>\"even the “worst” case issuance scenario as very manageable, with LTD needs of $35bn for TLAC requirements and preferred needs of $15-$20bn to maintain the industry-wide SLR at 5.6%.</b></p><p><blockquote>美联储资产负债表的大幅扩张意味着美联储银行持有的银行准备金也同样大幅增长。<b>监管救济到期将使8个GSIB的杠杆敞口增加约2.1万亿美元。此外，TGA的减少和持续的量化宽松可能会在2021年为系统再增加约2.35万亿美元的存款。</b>虽然3月31日豁免到期不会对GSIB产生直接影响，但全年杠杆资产的持续增加将增加长期债务(LTD)和优先要求。在这里，摩根大通持乐观观点，并写道<b>“即使是‘最坏’的发行情况也是非常可控的，LTD需要350亿美元来满足TLAC要求，优先需求为150-200亿美元，以将全行业SLR维持在5.6%。</b></blockquote></p><p>The constraint is greater at the bank entity, where the capacity to grow leverage exposure to be ~$765bn at 6.2% SLR.\"Goldman's take was more troubling: the bank estimated that under the continued QE regime, there would be a shortfall of some $2 trillion in reserve capacity, mainly in the form of deposits which the banks would be unable to accept as part of ongoing QE (much more in Goldman'sfull take of the SLR quandary).</p><p><blockquote>银行实体的限制更大，其杠杆敞口增加的能力约为7,650亿美元，SLR为6.2%。”高盛的观点更令人不安：该行估计，在持续的量化宽松制度下，储备能力将出现约2万亿美元的缺口，主要是银行无法接受的存款形式，作为正在进行的量化宽松的一部分（高盛对SLR困境的全面理解更是如此）。</blockquote></p><p><b>So what happens next?</b></p><p><blockquote><b>那么接下来会发生什么呢？</b></blockquote></p><p>Addressing this topic, yesterday Curvature's Scott Skyrm wrote that \"<i>the largest banks are enjoying much larger balance sheets, but there are political factors in Washington that are against an extension of the exemption.... Here are a couple of scenarios and their implications on the Repo market</i>:</p><p><blockquote>针对这个话题，昨天Curvature的Scott Skyrm写道“<i>最大的银行享有更大的资产负债表，但华盛顿有政治因素反对延长豁免....以下是几种情况及其对回购市场的影响</i>：</blockquote></p><p>The exemption is extended 3 months or 6 months - No impact on the Repo market. It's already fully priced-in.The exemption is continued for reserves, but ended for Treasurys. <b>Since large banks are the largest cash providers in the Repo market, less cash is intermediated into the market and Repo rates rise. Volatility increases as Repo assets move from the largest banks to the other Repo market participants.The exemption is ended for both reserves and Treasurys. Same as above.</b>In other words, Skyrm has a relatively downbeat view, warning that \"since large banks are the largest cash providers in the Repo market, less cash is intermediated into the market and Repo rates rise.\" Additionally, volatility is likely to increase as repo assets move from the largest banks to the other Repo market participants...</p><p><blockquote>豁免延长3个月或6个月——对回购市场没有影响。它已经完全定价了。准备金的豁免继续，但国债的豁免结束。<b>由于大型银行是回购市场上最大的现金提供者，因此进入市场的现金减少，回购利率上升。随着回购资产从最大的银行转移到其他回购市场参与者，波动性会增加。储备和国库的豁免均终止。同上。</b>换句话说，Skyrm持相对悲观的观点，警告称“由于大型银行是回购市场上最大的现金提供者，因此进入市场的现金减少，回购利率上升。”此外，随着回购资产从最大的银行转移到其他回购市场参与者，波动性可能会增加...</blockquote></p><p>Perhaps a bit too draconian? Well, last week, JPMorgan laid out 5 scenarios for SLR, of which two predicted the end of SLR relief on March 31, as follow:</p><p><blockquote>也许有点太严厉了？上周，摩根大通为SLR制定了5种情景，其中两种预测SLR救济将于3月31日结束，具体如下：</blockquote></p><p><u><b>3. Relief ends March 31, banks fully raise capital</b></u> <b>Impact on BanksRatesFront-End Rates</b> <u><b>4. Relief ends March 31, banks raise capital &amp; de-lever</b></u> <b>Impact on BanksRatesFront-End Rates</b>Going back to Zoltan, let's recallthat the repo gurualso cautioned that \"ending the exemption of reserves and Treasuries from the calculation of the SLR may mean that U.S. banks will turn away deposits and reserves on the margin (not Treasuries) to leave more room for market-making activities,<b>and these flows will swell further money funds’ inflows coming from TGA drawdowns.</b>\"</p><p><blockquote><u><b>3.纾困3月31日结束银行全面融资</b></u><b>对银行利率的影响前端利率</b><u><b>4.纾困3月31日结束，银行增资去杠杆</b></u><b>对银行利率的影响前端利率</b>回到Zoltan，让我们回想一下，这位回购大师还警告说，“结束准备金和国债在SLR计算中的豁免可能意味着美国银行将拒绝保证金（而不是国债）的存款和准备金，为市场留出更多空间。做市活动，<b>这些资金流动将进一步增加来自TGA提款的货币基金流入。</b>\"</blockquote></p><p>More importantly, Zoltan does not expect broad chaos in repo or broader markets, and instead provides a more benign view on the negligible impact the SLR has had (and will be if it is eliminated), as he explained in a note from Tuesday.</p><p><blockquote>更重要的是，Zoltan预计回购或更广泛的市场不会出现广泛的混乱，相反，正如他在周二的一份报告中解释的那样，他对SLR已经产生的微不足道的影响（如果它被消除，将会产生）提供了更良性的看法。</blockquote></p><p><img src=\"https://static.tigerbbs.com/caeeb2b1290e084832f29d61cea6a90b\" tg-width=\"500\" tg-height=\"534\" referrerpolicy=\"no-referrer\">How to determine if Zoltan's benign view is correct? He concluded his note by writing that \"given that our call for a zero-to-negative FRA-OIS spread by the end of June was predicated on the end of SLR extension and an assumption that the Fed will try to fix a quantity problem with prices, not quantities, today’s adjustments mean that FRA-OIS won’t trade all the way down to zero or negative territory.\"</p><p><blockquote>如何确定Zoltan的良性观点是否正确？他在报告的最后写道，“鉴于我们到6月底FRA-OIS利差为零至负的看涨期权是基于SLR延期的结束以及美联储将尝试解决数量问题的假设价格而不是数量，今天的调整意味着FRA-OIS不会一直跌至零或负值。”</blockquote></p><p>FRA-OIS from here will be a function of how tight FX swaps will trade relative to OIS, but Treasury bills trading at deeply sub-zero rates is no longer a risk...While Bills have occasionally dipped into the negative territory on occasion, so far they have avoided a fullblown plunge into NIRP, which may be just the positive sign the market is waiting for to ease the nerves associated with the sudden and largely unexpected end of the SLR exemption.</p><p><blockquote>这里的FRA-OIS将取决于外汇掉期相对于OIS的交易紧张程度，但以远低于零利率交易的国库券不再是一种风险...虽然账单偶尔会跌入负值，但到目前为止，它们避免了全面陷入NIRP，这可能只是市场正在等待的积极信号，以缓解与SLR豁免突然且基本上出乎意料的结束相关的紧张情绪。</blockquote></p><p>* *&nbsp; *</p><p><blockquote>** *</blockquote></p><p></p><p>Finally, for those curious what the immediate market impact will be, NatWest strategist Blake Gwinn writes that the Fed announcement that they’re letting regulatory exemptions for banks expire at the end of the month \"really threads the needle and \"assuages concerns about the potential long-term impact on the markets\" as<b>the SLR \"ends it but defuses a lot of the knee-jerk market reaction” by pledging to address the current design and calibration of the supplementary leverage ratio to prevent strains from developing</b>.</p><p><blockquote>最后，对于那些好奇对市场的直接影响会是什么的人来说，国民西敏寺银行策略师布莱克·格温(Blake Gwinn)写道，美联储宣布银行监管豁免将于本月底到期，“确实是穿针引线”，缓解了人们对银行监管豁免的担忧。对市场的潜在长期影响<b>SLR承诺解决补充杠杆率的当前设计和校准问题，以防止紧张局势的发展，从而“结束了它，但化解了许多下意识的市场反应”</b>.</blockquote></p><p>“I was never worried about a day-one bank puke of Treasuries or drawdown in repo or anything like that on no renewal,” Gwinn said. “My concern was the longer run,” like as reserves continue to rise, would the SLR “become a nuisance and drag on Treasuries and spreads” Gwinn concludes that with the statement, the Fed is<b>\"really speaking to those fears and basically saying, ‘don’t worry, we are on it’.”</b></p><p><blockquote>格温说：“我从来不担心银行第一天就会吐出国债或回购提款或类似的情况。”“我担心的是，从长远来看”，随着准备金继续上升，SLR是否会“成为一个麻烦并拖累国债和利差”格温总结道，通过这份声明，美联储<b>“真正解决这些恐惧，基本上是说，‘别担心，我们正在努力’。”</b></blockquote></p><p>Well, with yields spiking to HOD in early quad-witch trading, the market sure seems quite skeptical that the Fed is on anything.</p><p><blockquote>好吧，随着收益率在早期四女巫交易中飙升至HOD，市场似乎确实对美联储的行动持怀疑态度。</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>Fed Disappoints Market, Lets SLR Relief Expire: What Happens Next<blockquote>美联储令市场失望，让SLR救助到期：接下来会发生什么</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\">\nFed Disappoints Market, Lets SLR Relief Expire: What Happens Next<blockquote>美联储令市场失望，让SLR救助到期：接下来会发生什么</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-03-19 22:32</span>\n</p>\n</h4>\n</header>\n<article>\n<p>As washinted at, and discussed in depth here,the Fed decided - under political pressure from progressive Democrats such asElizabeth Warren and Sherrod Brown- to let the temporary Supplementary Leverage Ratio (SLR) exemption expire as scheduled on March 31, the one year anniversary of the rule change.</p><p><blockquote>正如本文所暗示和深入讨论的那样，在伊丽莎白·沃伦(Elizabeth Warren)和谢罗德·布朗(Sherrod Brown)等进步民主党人的政治压力下，美联储决定让临时补充杠杆率(SLR)豁免如期于3月31日（规则变更一周年）到期。</blockquote></p><p>The federal bank regulatory agencies today announced that the temporary change to the supplementary leverage ratio, or SLR, for depository institutions issued on May 15, 2020, will expire as scheduled on March 31, 2021.The temporary change was made to provide flexibility for depository institutions to provide credit to households and businesses in light of the COVID-19 event.<img src=\"https://static.tigerbbs.com/b822960da59d651f093b5113cd0c3fd0\" tg-width=\"500\" tg-height=\"319\" referrerpolicy=\"no-referrer\">This outcome is theone (again) correctly predictedby former NY Fed guru Zoltan Pozsar who following the FOMC said that \"the fact that the Fed made this adjustment practically preemptively – the o/n RRP facility is not being used at the moment, so there are no capacity constraints yet, while repo and bill yields aren’t trading negative yet –<b>suggests that the Fed is “foaming the runway” for the end of SLR exemption</b>.\"</p><p><blockquote>联邦银行监管机构今天宣布，2020年5月15日发布的存款机构补充杠杆率（SLR）的临时变更将于2021年3月31日如期到期。鉴于新冠肺炎事件，这一临时变化是为了为存款机构向家庭和企业提供信贷提供灵活性。这一结果是前纽约联储大师Zoltan Pozsar（再次）正确预测的结果，他跟随FOMC表示，“事实上，美联储实际上是先发制人地做出了这一调整——目前没有使用o/n RRP工具，因此没有能力限制，而回购和票据收益率尚未为负——<b>暗示美联储正在为SLR豁免的结束“铺路”</b>.\"</blockquote></p><p>Knowing well this would be a very hot button issue for the market, the Fed published thefollowing statementto ease trader nerves, noting that while the SLR special treatment will expire on March 31, the Fed is \"inviting public comment on several potential SLR modifications\" and furthermore, \"<b>Board may need to address the current design and calibration of the SLR over time to prevent strains from developing that could both constrain economic growth and undermine financial stability</b>\" - in short, if yields spike, the Fed will re-introduce the SLR without delay:</p><p><blockquote>美联储深知这将是市场的一个非常热门的问题，因此发表了以下声明以缓解交易员的紧张情绪，并指出，虽然SLR特殊待遇将于3月31日到期，但美联储正在“邀请公众就几项潜在的SLR修改发表评论”。此外，”<b>随着时间的推移，董事会可能需要解决SLR当前的设计和校准问题，以防止出现既限制经济增长又破坏金融稳定的压力</b>”——简而言之，如果收益率飙升，美联储将立即重新引入SLR：</blockquote></p><p>The Federal Reserve Board on Friday announced that the temporary change to its supplementary leverage ratio, or SLR, for bank holding companies will expire as scheduled on March 31. <b>Additionally, the Board will shortly seek comment on measures to adjust the SLR. The Board will take appropriate actions to assure that any changes to the SLR do not erode the overall strength of bank capital requirements.</b>To ease strains in the Treasury market resulting from the COVID-19 pandemic and to promote lending to households and businesses, the Board temporarily modified the SLR last year to exclude U.S. Treasury securities and central bank reserves. Since that time, the Treasury market has stabilized. <b>However, because of recent growth in the supply of central bank reserves and the issuance of Treasury securities, the Board may need to address the current design and calibration of the SLR over time to prevent strains from developing that could both constrain economic growth and undermine financial stability.To ensure that the SLR—which was established in 2014 as an additional capital requirement—remains effective in an environment of higher reserves, the Board will soon be inviting public comment on several potential SLR modifications.</b>The proposal and comments will contribute to ongoing discussions with the Department of the Treasury and other regulators on future work to ensure the resiliency of the Treasury market.The Fed's soothing wods notwithstanding,<b>having been primed for a favorable outcome, the Fed's disappointing announcement was hardly the news traders were hoping for and stocks tumbled...</b></p><p><blockquote>美联储周五宣布，银行控股公司补充杠杆率（SLR）的临时变化将于3月31日如期到期。<b>此外，董事会将很快就调整SLR的措施征求意见。董事会将采取适当行动，确保SLR的任何变化不会削弱银行资本要求的整体实力。</b>为了缓解COVID-19大流行造成的国债市场压力并促进对家庭和企业的贷款，董事会去年暂时修改了SLR，将美国国债和央行储备排除在外。从那时起，国债市场已经稳定下来。<b>然而，由于最近中央银行储备供应和国债发行的增长，理事会可能需要随着时间的推移解决SLR的当前设计和校准问题，以防止出现既限制经济增长又破坏金融稳定的压力。为了确保SLR（2014年作为额外资本要求而设立）在准备金较高的环境下保持有效，董事会将很快就几项潜在的SLR修改征求公众意见。</b>该提案和评论将有助于与财政部和其他监管机构就未来工作进行持续讨论，以确保国债市场的弹性。尽管美联储的WOD令人宽慰，<b>在为有利的结果做好准备后，美联储令人失望的声明几乎不是交易员所希望的消息，股市暴跌...</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/c341c3843a5031cd1599c2c89e198050\" tg-width=\"500\" tg-height=\"305\" referrerpolicy=\"no-referrer\">Bond yields spiked...</p><p><blockquote>债券收益率飙升...</blockquote></p><p><img src=\"https://static.tigerbbs.com/14173c1ce587fb45efe4c30ecc1dfbab\" tg-width=\"500\" tg-height=\"284\" referrerpolicy=\"no-referrer\">... while the stock of JPM, which is the most exposed bank to SLR relief (as noted yesterday in \"Facing Up To JP Morgan's Leverage Relief Threats\")...</p><p><blockquote>...而摩根大通的股票是受SLR救济影响最大的银行（正如昨天在“面对摩根大通的杠杆救济威胁”中所指出的）...</blockquote></p><p><img src=\"https://static.tigerbbs.com/32811183fba3dbddf1c440836298c7f3\" tg-width=\"500\" tg-height=\"602\" referrerpolicy=\"no-referrer\">.... slumped.</p><p><blockquote>....萎靡不振。</blockquote></p><p><img src=\"https://static.tigerbbs.com/2fba41463f15e79d2b8436cdd6a526fc\" tg-width=\"500\" tg-height=\"306\" referrerpolicy=\"no-referrer\">In case you've been living under a rock, here's why you should care about the SLR decision: First, for those whomissed our primer on the issue, some background from JPM (ironically the one bank that has the most to lose from the Fed's decision) the bottom line is that without SLR relief,<b>banks may have to delever, raise new capital, halt buybacks, sell preferred stock, turn down deposits and generally push back on reserves (not necessarily all of these, and not in that order) just as the Fed is injecting hundreds of billions of reserves into the market as the Treasury depletes its TGA account.</b></p><p><blockquote>如果您一直生活在岩石下，以下是您应该关心SLR决定的原因：首先，对于那些错过了我们关于这个问题的入门知识的人来说，摩根大通的一些背景（具有讽刺意味的是，这是一家从美联储损失最大的银行）的决定）底线是，如果没有SLR救济，<b>银行可能不得不去杠杆化、筹集新资本、停止回购、出售优先股、拒绝存款并普遍减少准备金（不一定是所有这些，也不是按这个顺序），就像美联储向市场注入数千亿美元一样随着财政部耗尽其TGA账户的储备。</b></blockquote></p><p></p><p>The massive expansion of the Fed’s balance that has occurred implied an equally massive growth in bank reserves held at Federal Reserve banks. <b>The expiration of the regulatory relief would add ~$2.1tn of leverage exposure across the 8 GSIBs. As well, TGA reduction and continued QE could add another ~$2.35tn of deposits to the system during 2021.</b><img src=\"https://static.tigerbbs.com/392342c2f3e1dd008b2276172a9b3ecf\" tg-width=\"500\" tg-height=\"253\" referrerpolicy=\"no-referrer\">While the expiry of the carve-out on March 31 would not have an immediate impact on GSIBs, the continued increase in leverage assets throughout the course of the year would increase long-term debt (LTD) and preferred requirements. Here, JPM takes an optimistic view and writes that<b>\"even the “worst” case issuance scenario as very manageable, with LTD needs of $35bn for TLAC requirements and preferred needs of $15-$20bn to maintain the industry-wide SLR at 5.6%.</b></p><p><blockquote>美联储资产负债表的大幅扩张意味着美联储银行持有的银行准备金也同样大幅增长。<b>监管救济到期将使8个GSIB的杠杆敞口增加约2.1万亿美元。此外，TGA的减少和持续的量化宽松可能会在2021年为系统再增加约2.35万亿美元的存款。</b>虽然3月31日豁免到期不会对GSIB产生直接影响，但全年杠杆资产的持续增加将增加长期债务(LTD)和优先要求。在这里，摩根大通持乐观观点，并写道<b>“即使是‘最坏’的发行情况也是非常可控的，LTD需要350亿美元来满足TLAC要求，优先需求为150-200亿美元，以将全行业SLR维持在5.6%。</b></blockquote></p><p>The constraint is greater at the bank entity, where the capacity to grow leverage exposure to be ~$765bn at 6.2% SLR.\"Goldman's take was more troubling: the bank estimated that under the continued QE regime, there would be a shortfall of some $2 trillion in reserve capacity, mainly in the form of deposits which the banks would be unable to accept as part of ongoing QE (much more in Goldman'sfull take of the SLR quandary).</p><p><blockquote>银行实体的限制更大，其杠杆敞口增加的能力约为7,650亿美元，SLR为6.2%。”高盛的观点更令人不安：该行估计，在持续的量化宽松制度下，储备能力将出现约2万亿美元的缺口，主要是银行无法接受的存款形式，作为正在进行的量化宽松的一部分（高盛对SLR困境的全面理解更是如此）。</blockquote></p><p><b>So what happens next?</b></p><p><blockquote><b>那么接下来会发生什么呢？</b></blockquote></p><p>Addressing this topic, yesterday Curvature's Scott Skyrm wrote that \"<i>the largest banks are enjoying much larger balance sheets, but there are political factors in Washington that are against an extension of the exemption.... Here are a couple of scenarios and their implications on the Repo market</i>:</p><p><blockquote>针对这个话题，昨天Curvature的Scott Skyrm写道“<i>最大的银行享有更大的资产负债表，但华盛顿有政治因素反对延长豁免....以下是几种情况及其对回购市场的影响</i>：</blockquote></p><p>The exemption is extended 3 months or 6 months - No impact on the Repo market. It's already fully priced-in.The exemption is continued for reserves, but ended for Treasurys. <b>Since large banks are the largest cash providers in the Repo market, less cash is intermediated into the market and Repo rates rise. Volatility increases as Repo assets move from the largest banks to the other Repo market participants.The exemption is ended for both reserves and Treasurys. Same as above.</b>In other words, Skyrm has a relatively downbeat view, warning that \"since large banks are the largest cash providers in the Repo market, less cash is intermediated into the market and Repo rates rise.\" Additionally, volatility is likely to increase as repo assets move from the largest banks to the other Repo market participants...</p><p><blockquote>豁免延长3个月或6个月——对回购市场没有影响。它已经完全定价了。准备金的豁免继续，但国债的豁免结束。<b>由于大型银行是回购市场上最大的现金提供者，因此进入市场的现金减少，回购利率上升。随着回购资产从最大的银行转移到其他回购市场参与者，波动性会增加。储备和国库的豁免均终止。同上。</b>换句话说，Skyrm持相对悲观的观点，警告称“由于大型银行是回购市场上最大的现金提供者，因此进入市场的现金减少，回购利率上升。”此外，随着回购资产从最大的银行转移到其他回购市场参与者，波动性可能会增加...</blockquote></p><p>Perhaps a bit too draconian? Well, last week, JPMorgan laid out 5 scenarios for SLR, of which two predicted the end of SLR relief on March 31, as follow:</p><p><blockquote>也许有点太严厉了？上周，摩根大通为SLR制定了5种情景，其中两种预测SLR救济将于3月31日结束，具体如下：</blockquote></p><p><u><b>3. Relief ends March 31, banks fully raise capital</b></u> <b>Impact on BanksRatesFront-End Rates</b> <u><b>4. Relief ends March 31, banks raise capital &amp; de-lever</b></u> <b>Impact on BanksRatesFront-End Rates</b>Going back to Zoltan, let's recallthat the repo gurualso cautioned that \"ending the exemption of reserves and Treasuries from the calculation of the SLR may mean that U.S. banks will turn away deposits and reserves on the margin (not Treasuries) to leave more room for market-making activities,<b>and these flows will swell further money funds’ inflows coming from TGA drawdowns.</b>\"</p><p><blockquote><u><b>3.纾困3月31日结束银行全面融资</b></u><b>对银行利率的影响前端利率</b><u><b>4.纾困3月31日结束，银行增资去杠杆</b></u><b>对银行利率的影响前端利率</b>回到Zoltan，让我们回想一下，这位回购大师还警告说，“结束准备金和国债在SLR计算中的豁免可能意味着美国银行将拒绝保证金（而不是国债）的存款和准备金，为市场留出更多空间。做市活动，<b>这些资金流动将进一步增加来自TGA提款的货币基金流入。</b>\"</blockquote></p><p>More importantly, Zoltan does not expect broad chaos in repo or broader markets, and instead provides a more benign view on the negligible impact the SLR has had (and will be if it is eliminated), as he explained in a note from Tuesday.</p><p><blockquote>更重要的是，Zoltan预计回购或更广泛的市场不会出现广泛的混乱，相反，正如他在周二的一份报告中解释的那样，他对SLR已经产生的微不足道的影响（如果它被消除，将会产生）提供了更良性的看法。</blockquote></p><p><img src=\"https://static.tigerbbs.com/caeeb2b1290e084832f29d61cea6a90b\" tg-width=\"500\" tg-height=\"534\" referrerpolicy=\"no-referrer\">How to determine if Zoltan's benign view is correct? He concluded his note by writing that \"given that our call for a zero-to-negative FRA-OIS spread by the end of June was predicated on the end of SLR extension and an assumption that the Fed will try to fix a quantity problem with prices, not quantities, today’s adjustments mean that FRA-OIS won’t trade all the way down to zero or negative territory.\"</p><p><blockquote>如何确定Zoltan的良性观点是否正确？他在报告的最后写道，“鉴于我们到6月底FRA-OIS利差为零至负的看涨期权是基于SLR延期的结束以及美联储将尝试解决数量问题的假设价格而不是数量，今天的调整意味着FRA-OIS不会一直跌至零或负值。”</blockquote></p><p>FRA-OIS from here will be a function of how tight FX swaps will trade relative to OIS, but Treasury bills trading at deeply sub-zero rates is no longer a risk...While Bills have occasionally dipped into the negative territory on occasion, so far they have avoided a fullblown plunge into NIRP, which may be just the positive sign the market is waiting for to ease the nerves associated with the sudden and largely unexpected end of the SLR exemption.</p><p><blockquote>这里的FRA-OIS将取决于外汇掉期相对于OIS的交易紧张程度，但以远低于零利率交易的国库券不再是一种风险...虽然账单偶尔会跌入负值，但到目前为止，它们避免了全面陷入NIRP，这可能只是市场正在等待的积极信号，以缓解与SLR豁免突然且基本上出乎意料的结束相关的紧张情绪。</blockquote></p><p>* *&nbsp; *</p><p><blockquote>** *</blockquote></p><p></p><p>Finally, for those curious what the immediate market impact will be, NatWest strategist Blake Gwinn writes that the Fed announcement that they’re letting regulatory exemptions for banks expire at the end of the month \"really threads the needle and \"assuages concerns about the potential long-term impact on the markets\" as<b>the SLR \"ends it but defuses a lot of the knee-jerk market reaction” by pledging to address the current design and calibration of the supplementary leverage ratio to prevent strains from developing</b>.</p><p><blockquote>最后，对于那些好奇对市场的直接影响会是什么的人来说，国民西敏寺银行策略师布莱克·格温(Blake Gwinn)写道，美联储宣布银行监管豁免将于本月底到期，“确实是穿针引线”，缓解了人们对银行监管豁免的担忧。对市场的潜在长期影响<b>SLR承诺解决补充杠杆率的当前设计和校准问题，以防止紧张局势的发展，从而“结束了它，但化解了许多下意识的市场反应”</b>.</blockquote></p><p>“I was never worried about a day-one bank puke of Treasuries or drawdown in repo or anything like that on no renewal,” Gwinn said. “My concern was the longer run,” like as reserves continue to rise, would the SLR “become a nuisance and drag on Treasuries and spreads” Gwinn concludes that with the statement, the Fed is<b>\"really speaking to those fears and basically saying, ‘don’t worry, we are on it’.”</b></p><p><blockquote>格温说：“我从来不担心银行第一天就会吐出国债或回购提款或类似的情况。”“我担心的是，从长远来看”，随着准备金继续上升，SLR是否会“成为一个麻烦并拖累国债和利差”格温总结道，通过这份声明，美联储<b>“真正解决这些恐惧，基本上是说，‘别担心，我们正在努力’。”</b></blockquote></p><p>Well, with yields spiking to HOD in early quad-witch trading, the market sure seems quite skeptical that the Fed is on anything.</p><p><blockquote>好吧，随着收益率在早期四女巫交易中飙升至HOD，市场似乎确实对美联储的行动持怀疑态度。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/stocks-bopnds-tank-after-fed-lets-slr-relief-expire\">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":{},"source_url":"https://www.zerohedge.com/markets/stocks-bopnds-tank-after-fed-lets-slr-relief-expire","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199154789","content_text":"As washinted at, and discussed in depth here,the Fed decided - under political pressure from progressive Democrats such asElizabeth Warren and Sherrod Brown- to let the temporary Supplementary Leverage Ratio (SLR) exemption expire as scheduled on March 31, the one year anniversary of the rule change.The federal bank regulatory agencies today announced that the temporary change to the supplementary leverage ratio, or SLR, for depository institutions issued on May 15, 2020, will expire as scheduled on March 31, 2021.The temporary change was made to provide flexibility for depository institutions to provide credit to households and businesses in light of the COVID-19 event.This outcome is theone (again) correctly predictedby former NY Fed guru Zoltan Pozsar who following the FOMC said that \"the fact that the Fed made this adjustment practically preemptively – the o/n RRP facility is not being used at the moment, so there are no capacity constraints yet, while repo and bill yields aren’t trading negative yet –suggests that the Fed is “foaming the runway” for the end of SLR exemption.\"Knowing well this would be a very hot button issue for the market, the Fed published thefollowing statementto ease trader nerves, noting that while the SLR special treatment will expire on March 31, the Fed is \"inviting public comment on several potential SLR modifications\" and furthermore, \"Board may need to address the current design and calibration of the SLR over time to prevent strains from developing that could both constrain economic growth and undermine financial stability\" - in short, if yields spike, the Fed will re-introduce the SLR without delay:The Federal Reserve Board on Friday announced that the temporary change to its supplementary leverage ratio, or SLR, for bank holding companies will expire as scheduled on March 31. Additionally, the Board will shortly seek comment on measures to adjust the SLR. The Board will take appropriate actions to assure that any changes to the SLR do not erode the overall strength of bank capital requirements.To ease strains in the Treasury market resulting from the COVID-19 pandemic and to promote lending to households and businesses, the Board temporarily modified the SLR last year to exclude U.S. Treasury securities and central bank reserves. Since that time, the Treasury market has stabilized. However, because of recent growth in the supply of central bank reserves and the issuance of Treasury securities, the Board may need to address the current design and calibration of the SLR over time to prevent strains from developing that could both constrain economic growth and undermine financial stability.To ensure that the SLR—which was established in 2014 as an additional capital requirement—remains effective in an environment of higher reserves, the Board will soon be inviting public comment on several potential SLR modifications.The proposal and comments will contribute to ongoing discussions with the Department of the Treasury and other regulators on future work to ensure the resiliency of the Treasury market.The Fed's soothing wods notwithstanding,having been primed for a favorable outcome, the Fed's disappointing announcement was hardly the news traders were hoping for and stocks tumbled...Bond yields spiked...... while the stock of JPM, which is the most exposed bank to SLR relief (as noted yesterday in \"Facing Up To JP Morgan's Leverage Relief Threats\")....... slumped.In case you've been living under a rock, here's why you should care about the SLR decision: First, for those whomissed our primer on the issue, some background from JPM (ironically the one bank that has the most to lose from the Fed's decision) the bottom line is that without SLR relief,banks may have to delever, raise new capital, halt buybacks, sell preferred stock, turn down deposits and generally push back on reserves (not necessarily all of these, and not in that order) just as the Fed is injecting hundreds of billions of reserves into the market as the Treasury depletes its TGA account.The massive expansion of the Fed’s balance that has occurred implied an equally massive growth in bank reserves held at Federal Reserve banks. The expiration of the regulatory relief would add ~$2.1tn of leverage exposure across the 8 GSIBs. As well, TGA reduction and continued QE could add another ~$2.35tn of deposits to the system during 2021.While the expiry of the carve-out on March 31 would not have an immediate impact on GSIBs, the continued increase in leverage assets throughout the course of the year would increase long-term debt (LTD) and preferred requirements. Here, JPM takes an optimistic view and writes that\"even the “worst” case issuance scenario as very manageable, with LTD needs of $35bn for TLAC requirements and preferred needs of $15-$20bn to maintain the industry-wide SLR at 5.6%.The constraint is greater at the bank entity, where the capacity to grow leverage exposure to be ~$765bn at 6.2% SLR.\"Goldman's take was more troubling: the bank estimated that under the continued QE regime, there would be a shortfall of some $2 trillion in reserve capacity, mainly in the form of deposits which the banks would be unable to accept as part of ongoing QE (much more in Goldman'sfull take of the SLR quandary).So what happens next?Addressing this topic, yesterday Curvature's Scott Skyrm wrote that \"the largest banks are enjoying much larger balance sheets, but there are political factors in Washington that are against an extension of the exemption.... Here are a couple of scenarios and their implications on the Repo market:The exemption is extended 3 months or 6 months - No impact on the Repo market. It's already fully priced-in.The exemption is continued for reserves, but ended for Treasurys. Since large banks are the largest cash providers in the Repo market, less cash is intermediated into the market and Repo rates rise. Volatility increases as Repo assets move from the largest banks to the other Repo market participants.The exemption is ended for both reserves and Treasurys. Same as above.In other words, Skyrm has a relatively downbeat view, warning that \"since large banks are the largest cash providers in the Repo market, less cash is intermediated into the market and Repo rates rise.\" Additionally, volatility is likely to increase as repo assets move from the largest banks to the other Repo market participants...Perhaps a bit too draconian? Well, last week, JPMorgan laid out 5 scenarios for SLR, of which two predicted the end of SLR relief on March 31, as follow:3. Relief ends March 31, banks fully raise capital Impact on BanksRatesFront-End Rates 4. Relief ends March 31, banks raise capital & de-lever Impact on BanksRatesFront-End RatesGoing back to Zoltan, let's recallthat the repo gurualso cautioned that \"ending the exemption of reserves and Treasuries from the calculation of the SLR may mean that U.S. banks will turn away deposits and reserves on the margin (not Treasuries) to leave more room for market-making activities,and these flows will swell further money funds’ inflows coming from TGA drawdowns.\"More importantly, Zoltan does not expect broad chaos in repo or broader markets, and instead provides a more benign view on the negligible impact the SLR has had (and will be if it is eliminated), as he explained in a note from Tuesday.How to determine if Zoltan's benign view is correct? He concluded his note by writing that \"given that our call for a zero-to-negative FRA-OIS spread by the end of June was predicated on the end of SLR extension and an assumption that the Fed will try to fix a quantity problem with prices, not quantities, today’s adjustments mean that FRA-OIS won’t trade all the way down to zero or negative territory.\"FRA-OIS from here will be a function of how tight FX swaps will trade relative to OIS, but Treasury bills trading at deeply sub-zero rates is no longer a risk...While Bills have occasionally dipped into the negative territory on occasion, so far they have avoided a fullblown plunge into NIRP, which may be just the positive sign the market is waiting for to ease the nerves associated with the sudden and largely unexpected end of the SLR exemption.* *  *Finally, for those curious what the immediate market impact will be, NatWest strategist Blake Gwinn writes that the Fed announcement that they’re letting regulatory exemptions for banks expire at the end of the month \"really threads the needle and \"assuages concerns about the potential long-term impact on the markets\" asthe SLR \"ends it but defuses a lot of the knee-jerk market reaction” by pledging to address the current design and calibration of the supplementary leverage ratio to prevent strains from developing.“I was never worried about a day-one bank puke of Treasuries or drawdown in repo or anything like that on no renewal,” Gwinn said. “My concern was the longer run,” like as reserves continue to rise, would the SLR “become a nuisance and drag on Treasuries and spreads” Gwinn concludes that with the statement, the Fed is\"really speaking to those fears and basically saying, ‘don’t worry, we are on it’.”Well, with yields spiking to HOD in early quad-witch trading, the market sure seems quite skeptical that the Fed is on anything.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":951,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327449057,"gmtCreate":1616119670879,"gmtModify":1634527132652,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"But this month the only thing it did is drop drop drop drop 🤣🤣🤣🤣","listText":"But this month the only thing it did is drop drop drop drop 🤣🤣🤣🤣","text":"But this month the only thing it did is drop drop drop drop 🤣🤣🤣🤣","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/327449057","repostId":"1147443878","repostType":4,"repost":{"id":"1147443878","kind":"news","pubTimestamp":1616117641,"share":"https://www.laohu8.com/m/news/1147443878?lang=zh_CN&edition=full","pubTime":"2021-03-19 09:34","market":"us","language":"en","title":"Apple Stock Is A Strong Buy, Expert Says. Here’s Why<blockquote>专家表示，苹果股票值得强力买入。原因如下</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147443878","media":"TheStreet","summary":"evercore ISI’s analyst Amit Daryanani has been one of the latest Wall Street analysts to publish a report on Apple stock. While he has maintained his bullish rating on the shares intact, he upped the ante and set a Street-high price target of $175 apiece this week – for upside of over 40% from current levels.Today, the Apple Maven looks closer into why the analyst believes Apple is such a strong buy today. I then add the perspective of another bullish expert, who believes Apple’s market value is","content":"<p>evercore ISI’s analyst Amit Daryanani has been one of the latest Wall Street analysts to publish a report on Apple stock. While he has maintained his bullish rating on the shares intact, he upped the ante and set a Street-high price target of $175 apiece this week – for upside of over 40% from current levels.</p><p><blockquote>evercore ISI分析师Amit Daryanani是最新发布苹果股票报告的华尔街分析师之一。虽然他维持对该股的看涨评级不变，但他加大了赌注，本周将每股175美元的华尔街高价目标价设定为较当前水平上涨40%以上。</blockquote></p><p> Today, the Apple Maven looks closer into why the analyst believes Apple is such a strong buy today. I then add the perspective of another bullish expert, who believes Apple’s market value is heading to $3 trillion in the foreseeable future.</p><p><blockquote>今天，这位苹果专家进一步探讨了为什么分析师认为苹果今天如此值得买入。然后我补充了另一位看涨专家的观点，他认为苹果的市值在可预见的未来将达到3万亿美元。</blockquote></p><p> <b>Not all about the iPhone</b></p><p><blockquote><b>不全是关于iPhone的</b></blockquote></p><p> Apple has been most closely associated with iPhones in the past decade and a half. But&nbsp;this analyst supports his bullish thesis&nbsp;on factors that do not always make the headlines: services and wearables.</p><p><blockquote>在过去的十五年里，苹果与iPhone的联系最为紧密。但这位分析师支持他对并不总是成为头条新闻的因素的看涨论点：服务和可穿戴设备。</blockquote></p><p> Here is what Evercore currently sees:</p><p><blockquote>以下是Evercore目前看到的情况：</blockquote></p><p>   “A clear path to $100 billion in services revenue by fiscal 2025 and $70 billion for wearables. The growth should help drive margin expansion and help smooth out the cyclical nature of the hardware business.”  Should the research shop be right about the services opportunity, Apple would effectively double segment revenues in five years, as it did between 2016 and 2020. I recently&nbsp;argued that the feat could be achieved, especially with the introduction of new service offerings (that are either too nascent or have yet to caught on, such as Fitness+ and Arcade+) and the launch of the Apple One bundle.</p><p><blockquote>“到2025财年，服务收入将达到1000亿美元，可穿戴设备收入将达到700亿美元。这一增长应该有助于推动利润率扩张，并有助于消除硬件业务的周期性。”如果研究机构对服务机会的判断是正确的，苹果将在五年内将该部门的收入有效地翻一番，就像2016年至2020年间所做的那样。我最近认为，这一壮举是可以实现的，特别是随着新服务产品的推出（这些服务要么太年轻，要么尚未流行，如Fitness+和Arcade+）以及苹果One捆绑包的推出。</blockquote></p><p> On the wearables side, growing to $70 billion by 2025 would mean more than doubling fiscal 2020 revenues of $31 billion. There are a couple of ways that Apple could reach this goal, and the company would probably need to execute on all fronts at the same time to be successful:</p><p><blockquote>在可穿戴设备方面，到2025年增长到700亿美元将意味着2020财年310亿美元的收入增加一倍以上。苹果可以通过多种方式实现这一目标，该公司可能需要同时在所有方面执行才能取得成功：</blockquote></p><p> <ul>  <li>Grow market penetration in smartwatches;</li>  <li>Widen the product portfolio in earphones and home devices;</li>  <li>Introduce category-defining products,such as mixed reality headsets.</li> </ul> Wrapping up the bull case, Evercore mentions two other factors. First, share buybacks could accelerate, as Apple tries to&nbsp;put its cash pile to use in a low-interest environment. Second, the research company sees valuation multiples staying higher for longer, as Apple earns a consumer goods premium.</p><p><blockquote><ul><li>提高智能手表的市场渗透率；</li><li>扩大耳机和家庭设备的产品组合；</li><li>推出定义类别的产品，如混合现实耳机。</li></ul>在总结牛市案例时，Evercore提到了另外两个因素。首先，随着苹果试图在低利率环境下利用其现金储备，股票回购可能会加速。其次，该研究公司认为，随着苹果赚取消费品溢价，估值倍数将在更长时间内保持较高水平。</blockquote></p><p> <b>The usual suspects: 5G super cycle, Apple Car</b></p><p><blockquote><b>通常的嫌疑人：5G超级周期、苹果汽车</b></blockquote></p><p> On the path to $175 per share, Evercore did not forget to mention some of the trendier, high-flying growth opportunities – among them, the Apple Car. But when it comes to seeing the longer-term trends, Wedbush’s Dan Ives is probably the analyst that relies on them the most to support his own $175 price target (or $225, under his best-case scenario).</p><p><blockquote>在迈向每股175美元的道路上，Evercore没有忘记提及一些更时尚、高速增长的机会，其中包括苹果汽车。但在看到长期趋势时，Wedbush的Dan Ives可能是最依赖它们来支持自己175美元目标价（或225美元，在他的最佳情况下）的分析师。</blockquote></p><p> According to Wedbush, the “super cycle party” should continue&nbsp;with the launch of the iPhone 13, later in 2021. The analyst believes that roughly 40% of the global iPhone installed base is due for an upgrade.</p><p><blockquote>根据Wedbush的说法，随着2021年晚些时候iPhone 13的推出，“超级周期派对”应该会继续。该分析师认为，全球iPhone装机量中约有40%需要升级。</blockquote></p><p> On the electric vehicle front, the opportunity could reach $5 trillion over the next decade. Wedbush thinks that Apple could announce a production partner this summer, and soon kickstart its fight for share in this promising new market.</p><p><blockquote>在电动汽车方面，未来十年的机会可能达到5万亿美元。韦德布什认为苹果可能会在今年夏天宣布生产合作伙伴，并很快开始在这个充满希望的新市场争夺份额。</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>Apple Stock Is A Strong Buy, Expert Says. Here’s Why<blockquote>专家表示，苹果股票值得强力买入。原因如下</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\">\nApple Stock Is A Strong Buy, Expert Says. Here’s Why<blockquote>专家表示，苹果股票值得强力买入。原因如下</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-03-19 09:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p>evercore ISI’s analyst Amit Daryanani has been one of the latest Wall Street analysts to publish a report on Apple stock. While he has maintained his bullish rating on the shares intact, he upped the ante and set a Street-high price target of $175 apiece this week – for upside of over 40% from current levels.</p><p><blockquote>evercore ISI分析师Amit Daryanani是最新发布苹果股票报告的华尔街分析师之一。虽然他维持对该股的看涨评级不变，但他加大了赌注，本周将每股175美元的华尔街高价目标价设定为较当前水平上涨40%以上。</blockquote></p><p> Today, the Apple Maven looks closer into why the analyst believes Apple is such a strong buy today. I then add the perspective of another bullish expert, who believes Apple’s market value is heading to $3 trillion in the foreseeable future.</p><p><blockquote>今天，这位苹果专家进一步探讨了为什么分析师认为苹果今天如此值得买入。然后我补充了另一位看涨专家的观点，他认为苹果的市值在可预见的未来将达到3万亿美元。</blockquote></p><p> <b>Not all about the iPhone</b></p><p><blockquote><b>不全是关于iPhone的</b></blockquote></p><p> Apple has been most closely associated with iPhones in the past decade and a half. But&nbsp;this analyst supports his bullish thesis&nbsp;on factors that do not always make the headlines: services and wearables.</p><p><blockquote>在过去的十五年里，苹果与iPhone的联系最为紧密。但这位分析师支持他对并不总是成为头条新闻的因素的看涨论点：服务和可穿戴设备。</blockquote></p><p> Here is what Evercore currently sees:</p><p><blockquote>以下是Evercore目前看到的情况：</blockquote></p><p>   “A clear path to $100 billion in services revenue by fiscal 2025 and $70 billion for wearables. The growth should help drive margin expansion and help smooth out the cyclical nature of the hardware business.”  Should the research shop be right about the services opportunity, Apple would effectively double segment revenues in five years, as it did between 2016 and 2020. I recently&nbsp;argued that the feat could be achieved, especially with the introduction of new service offerings (that are either too nascent or have yet to caught on, such as Fitness+ and Arcade+) and the launch of the Apple One bundle.</p><p><blockquote>“到2025财年，服务收入将达到1000亿美元，可穿戴设备收入将达到700亿美元。这一增长应该有助于推动利润率扩张，并有助于消除硬件业务的周期性。”如果研究机构对服务机会的判断是正确的，苹果将在五年内将该部门的收入有效地翻一番，就像2016年至2020年间所做的那样。我最近认为，这一壮举是可以实现的，特别是随着新服务产品的推出（这些服务要么太年轻，要么尚未流行，如Fitness+和Arcade+）以及苹果One捆绑包的推出。</blockquote></p><p> On the wearables side, growing to $70 billion by 2025 would mean more than doubling fiscal 2020 revenues of $31 billion. There are a couple of ways that Apple could reach this goal, and the company would probably need to execute on all fronts at the same time to be successful:</p><p><blockquote>在可穿戴设备方面，到2025年增长到700亿美元将意味着2020财年310亿美元的收入增加一倍以上。苹果可以通过多种方式实现这一目标，该公司可能需要同时在所有方面执行才能取得成功：</blockquote></p><p> <ul>  <li>Grow market penetration in smartwatches;</li>  <li>Widen the product portfolio in earphones and home devices;</li>  <li>Introduce category-defining products,such as mixed reality headsets.</li> </ul> Wrapping up the bull case, Evercore mentions two other factors. First, share buybacks could accelerate, as Apple tries to&nbsp;put its cash pile to use in a low-interest environment. Second, the research company sees valuation multiples staying higher for longer, as Apple earns a consumer goods premium.</p><p><blockquote><ul><li>提高智能手表的市场渗透率；</li><li>扩大耳机和家庭设备的产品组合；</li><li>推出定义类别的产品，如混合现实耳机。</li></ul>在总结牛市案例时，Evercore提到了另外两个因素。首先，随着苹果试图在低利率环境下利用其现金储备，股票回购可能会加速。其次，该研究公司认为，随着苹果赚取消费品溢价，估值倍数将在更长时间内保持较高水平。</blockquote></p><p> <b>The usual suspects: 5G super cycle, Apple Car</b></p><p><blockquote><b>通常的嫌疑人：5G超级周期、苹果汽车</b></blockquote></p><p> On the path to $175 per share, Evercore did not forget to mention some of the trendier, high-flying growth opportunities – among them, the Apple Car. But when it comes to seeing the longer-term trends, Wedbush’s Dan Ives is probably the analyst that relies on them the most to support his own $175 price target (or $225, under his best-case scenario).</p><p><blockquote>在迈向每股175美元的道路上，Evercore没有忘记提及一些更时尚、高速增长的机会，其中包括苹果汽车。但在看到长期趋势时，Wedbush的Dan Ives可能是最依赖它们来支持自己175美元目标价（或225美元，在他的最佳情况下）的分析师。</blockquote></p><p> According to Wedbush, the “super cycle party” should continue&nbsp;with the launch of the iPhone 13, later in 2021. The analyst believes that roughly 40% of the global iPhone installed base is due for an upgrade.</p><p><blockquote>根据Wedbush的说法，随着2021年晚些时候iPhone 13的推出，“超级周期派对”应该会继续。该分析师认为，全球iPhone装机量中约有40%需要升级。</blockquote></p><p> On the electric vehicle front, the opportunity could reach $5 trillion over the next decade. Wedbush thinks that Apple could announce a production partner this summer, and soon kickstart its fight for share in this promising new market.</p><p><blockquote>在电动汽车方面，未来十年的机会可能达到5万亿美元。韦德布什认为苹果可能会在今年夏天宣布生产合作伙伴，并很快开始在这个充满希望的新市场争夺份额。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/apple/stock/apple-stock-is-a-strong-buy-expert-says-heres-why\">TheStreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/stock/apple-stock-is-a-strong-buy-expert-says-heres-why","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147443878","content_text":"evercore ISI’s analyst Amit Daryanani has been one of the latest Wall Street analysts to publish a report on Apple stock. While he has maintained his bullish rating on the shares intact, he upped the ante and set a Street-high price target of $175 apiece this week – for upside of over 40% from current levels.\nToday, the Apple Maven looks closer into why the analyst believes Apple is such a strong buy today. I then add the perspective of another bullish expert, who believes Apple’s market value is heading to $3 trillion in the foreseeable future.\nNot all about the iPhone\nApple has been most closely associated with iPhones in the past decade and a half. But this analyst supports his bullish thesis on factors that do not always make the headlines: services and wearables.\nHere is what Evercore currently sees:\n\n “A clear path to $100 billion in services revenue by fiscal 2025 and $70 billion for wearables. The growth should help drive margin expansion and help smooth out the cyclical nature of the hardware business.”\n\nShould the research shop be right about the services opportunity, Apple would effectively double segment revenues in five years, as it did between 2016 and 2020. I recently argued that the feat could be achieved, especially with the introduction of new service offerings (that are either too nascent or have yet to caught on, such as Fitness+ and Arcade+) and the launch of the Apple One bundle.\nOn the wearables side, growing to $70 billion by 2025 would mean more than doubling fiscal 2020 revenues of $31 billion. There are a couple of ways that Apple could reach this goal, and the company would probably need to execute on all fronts at the same time to be successful:\n\nGrow market penetration in smartwatches;\nWiden the product portfolio in earphones and home devices;\nIntroduce category-defining products,such as mixed reality headsets.\n\nWrapping up the bull case, Evercore mentions two other factors. First, share buybacks could accelerate, as Apple tries to put its cash pile to use in a low-interest environment. Second, the research company sees valuation multiples staying higher for longer, as Apple earns a consumer goods premium.\nThe usual suspects: 5G super cycle, Apple Car\nOn the path to $175 per share, Evercore did not forget to mention some of the trendier, high-flying growth opportunities – among them, the Apple Car. But when it comes to seeing the longer-term trends, Wedbush’s Dan Ives is probably the analyst that relies on them the most to support his own $175 price target (or $225, under his best-case scenario).\nAccording to Wedbush, the “super cycle party” should continue with the launch of the iPhone 13, later in 2021. The analyst believes that roughly 40% of the global iPhone installed base is due for an upgrade.\nOn the electric vehicle front, the opportunity could reach $5 trillion over the next decade. Wedbush thinks that Apple could announce a production partner this summer, and soon kickstart its fight for share in this promising new market.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":686,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327523597,"gmtCreate":1616111611419,"gmtModify":1634527213197,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"Will drop soon","listText":"Will drop soon","text":"Will drop soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/327523597","repostId":"1136193758","repostType":2,"isVote":1,"tweetType":1,"viewCount":516,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327970617,"gmtCreate":1616055126239,"gmtModify":1703496946608,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/00700\">$Tencent(00700)$</a>又是这个鬼样，没起回","listText":"<a href=\"https://laohu8.com/S/00700\">$Tencent(00700)$</a>又是这个鬼样，没起回","text":"$Tencent(00700)$又是这个鬼样，没起回","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/327970617","isVote":1,"tweetType":1,"viewCount":1140,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":324434356,"gmtCreate":1616024354875,"gmtModify":1703496433631,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"Go to 130","listText":"Go to 130","text":"Go to 130","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/324434356","repostId":"1119964353","repostType":4,"repost":{"id":"1119964353","kind":"news","pubTimestamp":1615995058,"share":"https://www.laohu8.com/m/news/1119964353?lang=zh_CN&edition=full","pubTime":"2021-03-17 23:30","market":"us","language":"en","title":"Apple Spent $2.8B Raised From Green Bond Issue For Clean Energy Projects<blockquote>苹果将发行绿色债券筹集的2.8 B美元用于清洁能源项目</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1119964353","media":"Benzinga","summary":"Technology giant Apple Inc.AAPL 2.27%prefers to be known for not only its product and service offeri","content":"<p><div> Technology giant Apple Inc.AAPL 2.27%prefers to be known for not only its product and service offerings, but also for its commitment to the environment and society.What Happened: Apple has allocated ...</p><p><blockquote><div>科技巨头苹果公司（AAPL）希望不仅因其产品和服务而闻名，还因其对环境和社会的承诺而闻名。发生了什么：苹果已经分配了...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/03/20212240/apple-spent-2-8b-raised-from-green-bond-issue-for-clean-energy-projects\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/03/20212240/apple-spent-2-8b-raised-from-green-bond-issue-for-clean-energy-projects\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","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>Apple Spent $2.8B Raised From Green Bond Issue For Clean Energy Projects<blockquote>苹果将发行绿色债券筹集的2.8 B美元用于清洁能源项目</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\">\nApple Spent $2.8B Raised From Green Bond Issue For Clean Energy Projects<blockquote>苹果将发行绿色债券筹集的2.8 B美元用于清洁能源项目</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-03-17 23:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Technology giant Apple Inc.AAPL 2.27%prefers to be known for not only its product and service offerings, but also for its commitment to the environment and society.What Happened: Apple has allocated ...</p><p><blockquote><div>科技巨头苹果公司（AAPL）希望不仅因其产品和服务而闻名，还因其对环境和社会的承诺而闻名。发生了什么：苹果已经分配了...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/03/20212240/apple-spent-2-8b-raised-from-green-bond-issue-for-clean-energy-projects\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/03/20212240/apple-spent-2-8b-raised-from-green-bond-issue-for-clean-energy-projects\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/news/21/03/20212240/apple-spent-2-8b-raised-from-green-bond-issue-for-clean-energy-projects\">Benzinga</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":{"AAPL":"苹果"},"source_url":"https://www.benzinga.com/news/21/03/20212240/apple-spent-2-8b-raised-from-green-bond-issue-for-clean-energy-projects","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119964353","content_text":"Technology giant Apple Inc.AAPL 2.27%prefers to be known for not only its product and service offerings, but also for its commitment to the environment and society.What Happened: Apple has allocated about $2.8 billion raised from its previous issuances of Green Bonds into projects addressing carbon emissions, the company said in a statement Wednesday.The investments have been in new projects supporting low carbon design and engineering, energy efficiency, renewable energy, carbon mitigation and carbon sequestration.Since the Paris climate change accord of 2015, the company has issued three Green Bonds, raising a cumulative $4.7 billion in proceeds.In 2020 alone, the company funded 17 projects that will eliminate 921,000 metric tons of carbon emissions annually and generate 1.2 gigawatts of renewable energy globally.\"Apple is dedicated to protecting the planet we all share with solutions that are supporting the communities where we work,\" said Lisa Jackson, Apple's vice president of environment, policy, and social initiatives.Why It's Important: Corporate social responsibility, or in other words private businesses imposing self-regulation to contribute to societal goals, has assumed importance as a means of payback to society.Apple is already carbon neutral for its corporate operations. In July 2020, the company announced plans to become carbon neutral across its entire business, manufacturing supply chain and product life cycle by 2030. It is expected that every Apple device sold will have a net-zero climate impact by 2030.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":703,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324077855,"gmtCreate":1615947919677,"gmtModify":1703495391485,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"Sad","listText":"Sad","text":"Sad","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/324077855","repostId":"2120903823","repostType":4,"isVote":1,"tweetType":1,"viewCount":539,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":322159157,"gmtCreate":1615785878379,"gmtModify":1703492925292,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/00700\">$Tencent(00700)$</a>恶心真的恶心","listText":"<a href=\"https://laohu8.com/S/00700\">$Tencent(00700)$</a>恶心真的恶心","text":"$Tencent(00700)$恶心真的恶心","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":7,"repostSize":0,"link":"https://laohu8.com/post/322159157","isVote":1,"tweetType":1,"viewCount":2141,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":348069061,"gmtCreate":1617869637153,"gmtModify":1634296054770,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"Like and comment&nbsp;","listText":"Like and comment&nbsp;","text":"Like and comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/348069061","repostId":"1165785114","repostType":2,"isVote":1,"tweetType":1,"viewCount":1849,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":362900205,"gmtCreate":1614581768807,"gmtModify":1703478438029,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"DOGE COIN good ?","listText":"DOGE COIN good ?","text":"DOGE COIN good ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/362900205","repostId":"1155083909","repostType":4,"isVote":1,"tweetType":1,"viewCount":516,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353967066,"gmtCreate":1616456568555,"gmtModify":1634525771969,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/09618\">$JD-SW(09618)$</a>今天也持续涨回巅峰","listText":"<a href=\"https://laohu8.com/S/09618\">$JD-SW(09618)$</a>今天也持续涨回巅峰","text":"$JD-SW(09618)$今天也持续涨回巅峰","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/353967066","isVote":1,"tweetType":1,"viewCount":3400,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3492072490910388","authorId":"3492072490910388","name":"小脑斧吼吼","avatar":"https://static.tigerbbs.com/2d03147d98ab2851b4e49474a9e679a9","crmLevel":2,"crmLevelSwitch":0,"idStr":"3492072490910388","authorIdStr":"3492072490910388"},"content":"你挺执着啊","text":"你挺执着啊","html":"你挺执着啊"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":324434356,"gmtCreate":1616024354875,"gmtModify":1703496433631,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"Go to 130","listText":"Go to 130","text":"Go to 130","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/324434356","repostId":"1119964353","repostType":4,"repost":{"id":"1119964353","kind":"news","pubTimestamp":1615995058,"share":"https://www.laohu8.com/m/news/1119964353?lang=zh_CN&edition=full","pubTime":"2021-03-17 23:30","market":"us","language":"en","title":"Apple Spent $2.8B Raised From Green Bond Issue For Clean Energy Projects<blockquote>苹果将发行绿色债券筹集的2.8 B美元用于清洁能源项目</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1119964353","media":"Benzinga","summary":"Technology giant Apple Inc.AAPL 2.27%prefers to be known for not only its product and service offeri","content":"<p><div> Technology giant Apple Inc.AAPL 2.27%prefers to be known for not only its product and service offerings, but also for its commitment to the environment and society.What Happened: Apple has allocated ...</p><p><blockquote><div>科技巨头苹果公司（AAPL）希望不仅因其产品和服务而闻名，还因其对环境和社会的承诺而闻名。发生了什么：苹果已经分配了...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/03/20212240/apple-spent-2-8b-raised-from-green-bond-issue-for-clean-energy-projects\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/03/20212240/apple-spent-2-8b-raised-from-green-bond-issue-for-clean-energy-projects\">网页连接</a></blockquote></p><p></p>","source":"lsy1606299360108","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>Apple Spent $2.8B Raised From Green Bond Issue For Clean Energy Projects<blockquote>苹果将发行绿色债券筹集的2.8 B美元用于清洁能源项目</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\">\nApple Spent $2.8B Raised From Green Bond Issue For Clean Energy Projects<blockquote>苹果将发行绿色债券筹集的2.8 B美元用于清洁能源项目</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Benzinga</strong><span class=\"h-time small\">2021-03-17 23:30</span>\n</p>\n</h4>\n</header>\n<article>\n<p><div> Technology giant Apple Inc.AAPL 2.27%prefers to be known for not only its product and service offerings, but also for its commitment to the environment and society.What Happened: Apple has allocated ...</p><p><blockquote><div>科技巨头苹果公司（AAPL）希望不仅因其产品和服务而闻名，还因其对环境和社会的承诺而闻名。发生了什么：苹果已经分配了...</div></blockquote></p><p>  <a href=\"https://www.benzinga.com/news/21/03/20212240/apple-spent-2-8b-raised-from-green-bond-issue-for-clean-energy-projects\">网页链接</a>  </div> </p><p><blockquote><a href=\"https://www.benzinga.com/news/21/03/20212240/apple-spent-2-8b-raised-from-green-bond-issue-for-clean-energy-projects\">网页连接</a></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.benzinga.com/news/21/03/20212240/apple-spent-2-8b-raised-from-green-bond-issue-for-clean-energy-projects\">Benzinga</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":{"AAPL":"苹果"},"source_url":"https://www.benzinga.com/news/21/03/20212240/apple-spent-2-8b-raised-from-green-bond-issue-for-clean-energy-projects","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119964353","content_text":"Technology giant Apple Inc.AAPL 2.27%prefers to be known for not only its product and service offerings, but also for its commitment to the environment and society.What Happened: Apple has allocated about $2.8 billion raised from its previous issuances of Green Bonds into projects addressing carbon emissions, the company said in a statement Wednesday.The investments have been in new projects supporting low carbon design and engineering, energy efficiency, renewable energy, carbon mitigation and carbon sequestration.Since the Paris climate change accord of 2015, the company has issued three Green Bonds, raising a cumulative $4.7 billion in proceeds.In 2020 alone, the company funded 17 projects that will eliminate 921,000 metric tons of carbon emissions annually and generate 1.2 gigawatts of renewable energy globally.\"Apple is dedicated to protecting the planet we all share with solutions that are supporting the communities where we work,\" said Lisa Jackson, Apple's vice president of environment, policy, and social initiatives.Why It's Important: Corporate social responsibility, or in other words private businesses imposing self-regulation to contribute to societal goals, has assumed importance as a means of payback to society.Apple is already carbon neutral for its corporate operations. In July 2020, the company announced plans to become carbon neutral across its entire business, manufacturing supply chain and product life cycle by 2030. It is expected that every Apple device sold will have a net-zero climate impact by 2030.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":703,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":350820462,"gmtCreate":1616188536756,"gmtModify":1634526837039,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"Tech stock up","listText":"Tech stock up","text":"Tech stock up","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/350820462","repostId":"1199154789","repostType":4,"repost":{"id":"1199154789","kind":"news","pubTimestamp":1616164372,"share":"https://www.laohu8.com/m/news/1199154789?lang=zh_CN&edition=full","pubTime":"2021-03-19 22:32","market":"us","language":"en","title":"Fed Disappoints Market, Lets SLR Relief Expire: What Happens Next<blockquote>美联储令市场失望，让SLR救助到期：接下来会发生什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199154789","media":"zerohedge","summary":"As washinted at, and discussed in depth here,the Fed decided - under political pressure from progressive Democrats such asElizabeth Warren and Sherrod Brown- to let the temporary Supplementary Leverage Ratio  exemption expire as scheduled on March 31, the one year anniversary of the rule change.The federal bank regulatory agencies today announced that the temporary change to the supplementary leverage ratio, or SLR, for depository institutions issued on May 15, 2020, will expire as scheduled on ","content":"<p>As washinted at, and discussed in depth here,the Fed decided - under political pressure from progressive Democrats such asElizabeth Warren and Sherrod Brown- to let the temporary Supplementary Leverage Ratio (SLR) exemption expire as scheduled on March 31, the one year anniversary of the rule change.</p><p><blockquote>正如本文所暗示和深入讨论的那样，在伊丽莎白·沃伦(Elizabeth Warren)和谢罗德·布朗(Sherrod Brown)等进步民主党人的政治压力下，美联储决定让临时补充杠杆率(SLR)豁免如期于3月31日（规则变更一周年）到期。</blockquote></p><p>The federal bank regulatory agencies today announced that the temporary change to the supplementary leverage ratio, or SLR, for depository institutions issued on May 15, 2020, will expire as scheduled on March 31, 2021.The temporary change was made to provide flexibility for depository institutions to provide credit to households and businesses in light of the COVID-19 event.<img src=\"https://static.tigerbbs.com/b822960da59d651f093b5113cd0c3fd0\" tg-width=\"500\" tg-height=\"319\" referrerpolicy=\"no-referrer\">This outcome is theone (again) correctly predictedby former NY Fed guru Zoltan Pozsar who following the FOMC said that \"the fact that the Fed made this adjustment practically preemptively – the o/n RRP facility is not being used at the moment, so there are no capacity constraints yet, while repo and bill yields aren’t trading negative yet –<b>suggests that the Fed is “foaming the runway” for the end of SLR exemption</b>.\"</p><p><blockquote>联邦银行监管机构今天宣布，2020年5月15日发布的存款机构补充杠杆率（SLR）的临时变更将于2021年3月31日如期到期。鉴于新冠肺炎事件，这一临时变化是为了为存款机构向家庭和企业提供信贷提供灵活性。这一结果是前纽约联储大师Zoltan Pozsar（再次）正确预测的结果，他跟随FOMC表示，“事实上，美联储实际上是先发制人地做出了这一调整——目前没有使用o/n RRP工具，因此没有能力限制，而回购和票据收益率尚未为负——<b>暗示美联储正在为SLR豁免的结束“铺路”</b>.\"</blockquote></p><p>Knowing well this would be a very hot button issue for the market, the Fed published thefollowing statementto ease trader nerves, noting that while the SLR special treatment will expire on March 31, the Fed is \"inviting public comment on several potential SLR modifications\" and furthermore, \"<b>Board may need to address the current design and calibration of the SLR over time to prevent strains from developing that could both constrain economic growth and undermine financial stability</b>\" - in short, if yields spike, the Fed will re-introduce the SLR without delay:</p><p><blockquote>美联储深知这将是市场的一个非常热门的问题，因此发表了以下声明以缓解交易员的紧张情绪，并指出，虽然SLR特殊待遇将于3月31日到期，但美联储正在“邀请公众就几项潜在的SLR修改发表评论”。此外，”<b>随着时间的推移，董事会可能需要解决SLR当前的设计和校准问题，以防止出现既限制经济增长又破坏金融稳定的压力</b>”——简而言之，如果收益率飙升，美联储将立即重新引入SLR：</blockquote></p><p>The Federal Reserve Board on Friday announced that the temporary change to its supplementary leverage ratio, or SLR, for bank holding companies will expire as scheduled on March 31. <b>Additionally, the Board will shortly seek comment on measures to adjust the SLR. The Board will take appropriate actions to assure that any changes to the SLR do not erode the overall strength of bank capital requirements.</b>To ease strains in the Treasury market resulting from the COVID-19 pandemic and to promote lending to households and businesses, the Board temporarily modified the SLR last year to exclude U.S. Treasury securities and central bank reserves. Since that time, the Treasury market has stabilized. <b>However, because of recent growth in the supply of central bank reserves and the issuance of Treasury securities, the Board may need to address the current design and calibration of the SLR over time to prevent strains from developing that could both constrain economic growth and undermine financial stability.To ensure that the SLR—which was established in 2014 as an additional capital requirement—remains effective in an environment of higher reserves, the Board will soon be inviting public comment on several potential SLR modifications.</b>The proposal and comments will contribute to ongoing discussions with the Department of the Treasury and other regulators on future work to ensure the resiliency of the Treasury market.The Fed's soothing wods notwithstanding,<b>having been primed for a favorable outcome, the Fed's disappointing announcement was hardly the news traders were hoping for and stocks tumbled...</b></p><p><blockquote>美联储周五宣布，银行控股公司补充杠杆率（SLR）的临时变化将于3月31日如期到期。<b>此外，董事会将很快就调整SLR的措施征求意见。董事会将采取适当行动，确保SLR的任何变化不会削弱银行资本要求的整体实力。</b>为了缓解COVID-19大流行造成的国债市场压力并促进对家庭和企业的贷款，董事会去年暂时修改了SLR，将美国国债和央行储备排除在外。从那时起，国债市场已经稳定下来。<b>然而，由于最近中央银行储备供应和国债发行的增长，理事会可能需要随着时间的推移解决SLR的当前设计和校准问题，以防止出现既限制经济增长又破坏金融稳定的压力。为了确保SLR（2014年作为额外资本要求而设立）在准备金较高的环境下保持有效，董事会将很快就几项潜在的SLR修改征求公众意见。</b>该提案和评论将有助于与财政部和其他监管机构就未来工作进行持续讨论，以确保国债市场的弹性。尽管美联储的WOD令人宽慰，<b>在为有利的结果做好准备后，美联储令人失望的声明几乎不是交易员所希望的消息，股市暴跌...</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/c341c3843a5031cd1599c2c89e198050\" tg-width=\"500\" tg-height=\"305\" referrerpolicy=\"no-referrer\">Bond yields spiked...</p><p><blockquote>债券收益率飙升...</blockquote></p><p><img src=\"https://static.tigerbbs.com/14173c1ce587fb45efe4c30ecc1dfbab\" tg-width=\"500\" tg-height=\"284\" referrerpolicy=\"no-referrer\">... while the stock of JPM, which is the most exposed bank to SLR relief (as noted yesterday in \"Facing Up To JP Morgan's Leverage Relief Threats\")...</p><p><blockquote>...而摩根大通的股票是受SLR救济影响最大的银行（正如昨天在“面对摩根大通的杠杆救济威胁”中所指出的）...</blockquote></p><p><img src=\"https://static.tigerbbs.com/32811183fba3dbddf1c440836298c7f3\" tg-width=\"500\" tg-height=\"602\" referrerpolicy=\"no-referrer\">.... slumped.</p><p><blockquote>....萎靡不振。</blockquote></p><p><img src=\"https://static.tigerbbs.com/2fba41463f15e79d2b8436cdd6a526fc\" tg-width=\"500\" tg-height=\"306\" referrerpolicy=\"no-referrer\">In case you've been living under a rock, here's why you should care about the SLR decision: First, for those whomissed our primer on the issue, some background from JPM (ironically the one bank that has the most to lose from the Fed's decision) the bottom line is that without SLR relief,<b>banks may have to delever, raise new capital, halt buybacks, sell preferred stock, turn down deposits and generally push back on reserves (not necessarily all of these, and not in that order) just as the Fed is injecting hundreds of billions of reserves into the market as the Treasury depletes its TGA account.</b></p><p><blockquote>如果您一直生活在岩石下，以下是您应该关心SLR决定的原因：首先，对于那些错过了我们关于这个问题的入门知识的人来说，摩根大通的一些背景（具有讽刺意味的是，这是一家从美联储损失最大的银行）的决定）底线是，如果没有SLR救济，<b>银行可能不得不去杠杆化、筹集新资本、停止回购、出售优先股、拒绝存款并普遍减少准备金（不一定是所有这些，也不是按这个顺序），就像美联储向市场注入数千亿美元一样随着财政部耗尽其TGA账户的储备。</b></blockquote></p><p></p><p>The massive expansion of the Fed’s balance that has occurred implied an equally massive growth in bank reserves held at Federal Reserve banks. <b>The expiration of the regulatory relief would add ~$2.1tn of leverage exposure across the 8 GSIBs. As well, TGA reduction and continued QE could add another ~$2.35tn of deposits to the system during 2021.</b><img src=\"https://static.tigerbbs.com/392342c2f3e1dd008b2276172a9b3ecf\" tg-width=\"500\" tg-height=\"253\" referrerpolicy=\"no-referrer\">While the expiry of the carve-out on March 31 would not have an immediate impact on GSIBs, the continued increase in leverage assets throughout the course of the year would increase long-term debt (LTD) and preferred requirements. Here, JPM takes an optimistic view and writes that<b>\"even the “worst” case issuance scenario as very manageable, with LTD needs of $35bn for TLAC requirements and preferred needs of $15-$20bn to maintain the industry-wide SLR at 5.6%.</b></p><p><blockquote>美联储资产负债表的大幅扩张意味着美联储银行持有的银行准备金也同样大幅增长。<b>监管救济到期将使8个GSIB的杠杆敞口增加约2.1万亿美元。此外，TGA的减少和持续的量化宽松可能会在2021年为系统再增加约2.35万亿美元的存款。</b>虽然3月31日豁免到期不会对GSIB产生直接影响，但全年杠杆资产的持续增加将增加长期债务(LTD)和优先要求。在这里，摩根大通持乐观观点，并写道<b>“即使是‘最坏’的发行情况也是非常可控的，LTD需要350亿美元来满足TLAC要求，优先需求为150-200亿美元，以将全行业SLR维持在5.6%。</b></blockquote></p><p>The constraint is greater at the bank entity, where the capacity to grow leverage exposure to be ~$765bn at 6.2% SLR.\"Goldman's take was more troubling: the bank estimated that under the continued QE regime, there would be a shortfall of some $2 trillion in reserve capacity, mainly in the form of deposits which the banks would be unable to accept as part of ongoing QE (much more in Goldman'sfull take of the SLR quandary).</p><p><blockquote>银行实体的限制更大，其杠杆敞口增加的能力约为7,650亿美元，SLR为6.2%。”高盛的观点更令人不安：该行估计，在持续的量化宽松制度下，储备能力将出现约2万亿美元的缺口，主要是银行无法接受的存款形式，作为正在进行的量化宽松的一部分（高盛对SLR困境的全面理解更是如此）。</blockquote></p><p><b>So what happens next?</b></p><p><blockquote><b>那么接下来会发生什么呢？</b></blockquote></p><p>Addressing this topic, yesterday Curvature's Scott Skyrm wrote that \"<i>the largest banks are enjoying much larger balance sheets, but there are political factors in Washington that are against an extension of the exemption.... Here are a couple of scenarios and their implications on the Repo market</i>:</p><p><blockquote>针对这个话题，昨天Curvature的Scott Skyrm写道“<i>最大的银行享有更大的资产负债表，但华盛顿有政治因素反对延长豁免....以下是几种情况及其对回购市场的影响</i>：</blockquote></p><p>The exemption is extended 3 months or 6 months - No impact on the Repo market. It's already fully priced-in.The exemption is continued for reserves, but ended for Treasurys. <b>Since large banks are the largest cash providers in the Repo market, less cash is intermediated into the market and Repo rates rise. Volatility increases as Repo assets move from the largest banks to the other Repo market participants.The exemption is ended for both reserves and Treasurys. Same as above.</b>In other words, Skyrm has a relatively downbeat view, warning that \"since large banks are the largest cash providers in the Repo market, less cash is intermediated into the market and Repo rates rise.\" Additionally, volatility is likely to increase as repo assets move from the largest banks to the other Repo market participants...</p><p><blockquote>豁免延长3个月或6个月——对回购市场没有影响。它已经完全定价了。准备金的豁免继续，但国债的豁免结束。<b>由于大型银行是回购市场上最大的现金提供者，因此进入市场的现金减少，回购利率上升。随着回购资产从最大的银行转移到其他回购市场参与者，波动性会增加。储备和国库的豁免均终止。同上。</b>换句话说，Skyrm持相对悲观的观点，警告称“由于大型银行是回购市场上最大的现金提供者，因此进入市场的现金减少，回购利率上升。”此外，随着回购资产从最大的银行转移到其他回购市场参与者，波动性可能会增加...</blockquote></p><p>Perhaps a bit too draconian? Well, last week, JPMorgan laid out 5 scenarios for SLR, of which two predicted the end of SLR relief on March 31, as follow:</p><p><blockquote>也许有点太严厉了？上周，摩根大通为SLR制定了5种情景，其中两种预测SLR救济将于3月31日结束，具体如下：</blockquote></p><p><u><b>3. Relief ends March 31, banks fully raise capital</b></u> <b>Impact on BanksRatesFront-End Rates</b> <u><b>4. Relief ends March 31, banks raise capital &amp; de-lever</b></u> <b>Impact on BanksRatesFront-End Rates</b>Going back to Zoltan, let's recallthat the repo gurualso cautioned that \"ending the exemption of reserves and Treasuries from the calculation of the SLR may mean that U.S. banks will turn away deposits and reserves on the margin (not Treasuries) to leave more room for market-making activities,<b>and these flows will swell further money funds’ inflows coming from TGA drawdowns.</b>\"</p><p><blockquote><u><b>3.纾困3月31日结束银行全面融资</b></u><b>对银行利率的影响前端利率</b><u><b>4.纾困3月31日结束，银行增资去杠杆</b></u><b>对银行利率的影响前端利率</b>回到Zoltan，让我们回想一下，这位回购大师还警告说，“结束准备金和国债在SLR计算中的豁免可能意味着美国银行将拒绝保证金（而不是国债）的存款和准备金，为市场留出更多空间。做市活动，<b>这些资金流动将进一步增加来自TGA提款的货币基金流入。</b>\"</blockquote></p><p>More importantly, Zoltan does not expect broad chaos in repo or broader markets, and instead provides a more benign view on the negligible impact the SLR has had (and will be if it is eliminated), as he explained in a note from Tuesday.</p><p><blockquote>更重要的是，Zoltan预计回购或更广泛的市场不会出现广泛的混乱，相反，正如他在周二的一份报告中解释的那样，他对SLR已经产生的微不足道的影响（如果它被消除，将会产生）提供了更良性的看法。</blockquote></p><p><img src=\"https://static.tigerbbs.com/caeeb2b1290e084832f29d61cea6a90b\" tg-width=\"500\" tg-height=\"534\" referrerpolicy=\"no-referrer\">How to determine if Zoltan's benign view is correct? He concluded his note by writing that \"given that our call for a zero-to-negative FRA-OIS spread by the end of June was predicated on the end of SLR extension and an assumption that the Fed will try to fix a quantity problem with prices, not quantities, today’s adjustments mean that FRA-OIS won’t trade all the way down to zero or negative territory.\"</p><p><blockquote>如何确定Zoltan的良性观点是否正确？他在报告的最后写道，“鉴于我们到6月底FRA-OIS利差为零至负的看涨期权是基于SLR延期的结束以及美联储将尝试解决数量问题的假设价格而不是数量，今天的调整意味着FRA-OIS不会一直跌至零或负值。”</blockquote></p><p>FRA-OIS from here will be a function of how tight FX swaps will trade relative to OIS, but Treasury bills trading at deeply sub-zero rates is no longer a risk...While Bills have occasionally dipped into the negative territory on occasion, so far they have avoided a fullblown plunge into NIRP, which may be just the positive sign the market is waiting for to ease the nerves associated with the sudden and largely unexpected end of the SLR exemption.</p><p><blockquote>这里的FRA-OIS将取决于外汇掉期相对于OIS的交易紧张程度，但以远低于零利率交易的国库券不再是一种风险...虽然账单偶尔会跌入负值，但到目前为止，它们避免了全面陷入NIRP，这可能只是市场正在等待的积极信号，以缓解与SLR豁免突然且基本上出乎意料的结束相关的紧张情绪。</blockquote></p><p>* *&nbsp; *</p><p><blockquote>** *</blockquote></p><p></p><p>Finally, for those curious what the immediate market impact will be, NatWest strategist Blake Gwinn writes that the Fed announcement that they’re letting regulatory exemptions for banks expire at the end of the month \"really threads the needle and \"assuages concerns about the potential long-term impact on the markets\" as<b>the SLR \"ends it but defuses a lot of the knee-jerk market reaction” by pledging to address the current design and calibration of the supplementary leverage ratio to prevent strains from developing</b>.</p><p><blockquote>最后，对于那些好奇对市场的直接影响会是什么的人来说，国民西敏寺银行策略师布莱克·格温(Blake Gwinn)写道，美联储宣布银行监管豁免将于本月底到期，“确实是穿针引线”，缓解了人们对银行监管豁免的担忧。对市场的潜在长期影响<b>SLR承诺解决补充杠杆率的当前设计和校准问题，以防止紧张局势的发展，从而“结束了它，但化解了许多下意识的市场反应”</b>.</blockquote></p><p>“I was never worried about a day-one bank puke of Treasuries or drawdown in repo or anything like that on no renewal,” Gwinn said. “My concern was the longer run,” like as reserves continue to rise, would the SLR “become a nuisance and drag on Treasuries and spreads” Gwinn concludes that with the statement, the Fed is<b>\"really speaking to those fears and basically saying, ‘don’t worry, we are on it’.”</b></p><p><blockquote>格温说：“我从来不担心银行第一天就会吐出国债或回购提款或类似的情况。”“我担心的是，从长远来看”，随着准备金继续上升，SLR是否会“成为一个麻烦并拖累国债和利差”格温总结道，通过这份声明，美联储<b>“真正解决这些恐惧，基本上是说，‘别担心，我们正在努力’。”</b></blockquote></p><p>Well, with yields spiking to HOD in early quad-witch trading, the market sure seems quite skeptical that the Fed is on anything.</p><p><blockquote>好吧，随着收益率在早期四女巫交易中飙升至HOD，市场似乎确实对美联储的行动持怀疑态度。</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>Fed Disappoints Market, Lets SLR Relief Expire: What Happens Next<blockquote>美联储令市场失望，让SLR救助到期：接下来会发生什么</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\">\nFed Disappoints Market, Lets SLR Relief Expire: What Happens Next<blockquote>美联储令市场失望，让SLR救助到期：接下来会发生什么</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-03-19 22:32</span>\n</p>\n</h4>\n</header>\n<article>\n<p>As washinted at, and discussed in depth here,the Fed decided - under political pressure from progressive Democrats such asElizabeth Warren and Sherrod Brown- to let the temporary Supplementary Leverage Ratio (SLR) exemption expire as scheduled on March 31, the one year anniversary of the rule change.</p><p><blockquote>正如本文所暗示和深入讨论的那样，在伊丽莎白·沃伦(Elizabeth Warren)和谢罗德·布朗(Sherrod Brown)等进步民主党人的政治压力下，美联储决定让临时补充杠杆率(SLR)豁免如期于3月31日（规则变更一周年）到期。</blockquote></p><p>The federal bank regulatory agencies today announced that the temporary change to the supplementary leverage ratio, or SLR, for depository institutions issued on May 15, 2020, will expire as scheduled on March 31, 2021.The temporary change was made to provide flexibility for depository institutions to provide credit to households and businesses in light of the COVID-19 event.<img src=\"https://static.tigerbbs.com/b822960da59d651f093b5113cd0c3fd0\" tg-width=\"500\" tg-height=\"319\" referrerpolicy=\"no-referrer\">This outcome is theone (again) correctly predictedby former NY Fed guru Zoltan Pozsar who following the FOMC said that \"the fact that the Fed made this adjustment practically preemptively – the o/n RRP facility is not being used at the moment, so there are no capacity constraints yet, while repo and bill yields aren’t trading negative yet –<b>suggests that the Fed is “foaming the runway” for the end of SLR exemption</b>.\"</p><p><blockquote>联邦银行监管机构今天宣布，2020年5月15日发布的存款机构补充杠杆率（SLR）的临时变更将于2021年3月31日如期到期。鉴于新冠肺炎事件，这一临时变化是为了为存款机构向家庭和企业提供信贷提供灵活性。这一结果是前纽约联储大师Zoltan Pozsar（再次）正确预测的结果，他跟随FOMC表示，“事实上，美联储实际上是先发制人地做出了这一调整——目前没有使用o/n RRP工具，因此没有能力限制，而回购和票据收益率尚未为负——<b>暗示美联储正在为SLR豁免的结束“铺路”</b>.\"</blockquote></p><p>Knowing well this would be a very hot button issue for the market, the Fed published thefollowing statementto ease trader nerves, noting that while the SLR special treatment will expire on March 31, the Fed is \"inviting public comment on several potential SLR modifications\" and furthermore, \"<b>Board may need to address the current design and calibration of the SLR over time to prevent strains from developing that could both constrain economic growth and undermine financial stability</b>\" - in short, if yields spike, the Fed will re-introduce the SLR without delay:</p><p><blockquote>美联储深知这将是市场的一个非常热门的问题，因此发表了以下声明以缓解交易员的紧张情绪，并指出，虽然SLR特殊待遇将于3月31日到期，但美联储正在“邀请公众就几项潜在的SLR修改发表评论”。此外，”<b>随着时间的推移，董事会可能需要解决SLR当前的设计和校准问题，以防止出现既限制经济增长又破坏金融稳定的压力</b>”——简而言之，如果收益率飙升，美联储将立即重新引入SLR：</blockquote></p><p>The Federal Reserve Board on Friday announced that the temporary change to its supplementary leverage ratio, or SLR, for bank holding companies will expire as scheduled on March 31. <b>Additionally, the Board will shortly seek comment on measures to adjust the SLR. The Board will take appropriate actions to assure that any changes to the SLR do not erode the overall strength of bank capital requirements.</b>To ease strains in the Treasury market resulting from the COVID-19 pandemic and to promote lending to households and businesses, the Board temporarily modified the SLR last year to exclude U.S. Treasury securities and central bank reserves. Since that time, the Treasury market has stabilized. <b>However, because of recent growth in the supply of central bank reserves and the issuance of Treasury securities, the Board may need to address the current design and calibration of the SLR over time to prevent strains from developing that could both constrain economic growth and undermine financial stability.To ensure that the SLR—which was established in 2014 as an additional capital requirement—remains effective in an environment of higher reserves, the Board will soon be inviting public comment on several potential SLR modifications.</b>The proposal and comments will contribute to ongoing discussions with the Department of the Treasury and other regulators on future work to ensure the resiliency of the Treasury market.The Fed's soothing wods notwithstanding,<b>having been primed for a favorable outcome, the Fed's disappointing announcement was hardly the news traders were hoping for and stocks tumbled...</b></p><p><blockquote>美联储周五宣布，银行控股公司补充杠杆率（SLR）的临时变化将于3月31日如期到期。<b>此外，董事会将很快就调整SLR的措施征求意见。董事会将采取适当行动，确保SLR的任何变化不会削弱银行资本要求的整体实力。</b>为了缓解COVID-19大流行造成的国债市场压力并促进对家庭和企业的贷款，董事会去年暂时修改了SLR，将美国国债和央行储备排除在外。从那时起，国债市场已经稳定下来。<b>然而，由于最近中央银行储备供应和国债发行的增长，理事会可能需要随着时间的推移解决SLR的当前设计和校准问题，以防止出现既限制经济增长又破坏金融稳定的压力。为了确保SLR（2014年作为额外资本要求而设立）在准备金较高的环境下保持有效，董事会将很快就几项潜在的SLR修改征求公众意见。</b>该提案和评论将有助于与财政部和其他监管机构就未来工作进行持续讨论，以确保国债市场的弹性。尽管美联储的WOD令人宽慰，<b>在为有利的结果做好准备后，美联储令人失望的声明几乎不是交易员所希望的消息，股市暴跌...</b></blockquote></p><p><img src=\"https://static.tigerbbs.com/c341c3843a5031cd1599c2c89e198050\" tg-width=\"500\" tg-height=\"305\" referrerpolicy=\"no-referrer\">Bond yields spiked...</p><p><blockquote>债券收益率飙升...</blockquote></p><p><img src=\"https://static.tigerbbs.com/14173c1ce587fb45efe4c30ecc1dfbab\" tg-width=\"500\" tg-height=\"284\" referrerpolicy=\"no-referrer\">... while the stock of JPM, which is the most exposed bank to SLR relief (as noted yesterday in \"Facing Up To JP Morgan's Leverage Relief Threats\")...</p><p><blockquote>...而摩根大通的股票是受SLR救济影响最大的银行（正如昨天在“面对摩根大通的杠杆救济威胁”中所指出的）...</blockquote></p><p><img src=\"https://static.tigerbbs.com/32811183fba3dbddf1c440836298c7f3\" tg-width=\"500\" tg-height=\"602\" referrerpolicy=\"no-referrer\">.... slumped.</p><p><blockquote>....萎靡不振。</blockquote></p><p><img src=\"https://static.tigerbbs.com/2fba41463f15e79d2b8436cdd6a526fc\" tg-width=\"500\" tg-height=\"306\" referrerpolicy=\"no-referrer\">In case you've been living under a rock, here's why you should care about the SLR decision: First, for those whomissed our primer on the issue, some background from JPM (ironically the one bank that has the most to lose from the Fed's decision) the bottom line is that without SLR relief,<b>banks may have to delever, raise new capital, halt buybacks, sell preferred stock, turn down deposits and generally push back on reserves (not necessarily all of these, and not in that order) just as the Fed is injecting hundreds of billions of reserves into the market as the Treasury depletes its TGA account.</b></p><p><blockquote>如果您一直生活在岩石下，以下是您应该关心SLR决定的原因：首先，对于那些错过了我们关于这个问题的入门知识的人来说，摩根大通的一些背景（具有讽刺意味的是，这是一家从美联储损失最大的银行）的决定）底线是，如果没有SLR救济，<b>银行可能不得不去杠杆化、筹集新资本、停止回购、出售优先股、拒绝存款并普遍减少准备金（不一定是所有这些，也不是按这个顺序），就像美联储向市场注入数千亿美元一样随着财政部耗尽其TGA账户的储备。</b></blockquote></p><p></p><p>The massive expansion of the Fed’s balance that has occurred implied an equally massive growth in bank reserves held at Federal Reserve banks. <b>The expiration of the regulatory relief would add ~$2.1tn of leverage exposure across the 8 GSIBs. As well, TGA reduction and continued QE could add another ~$2.35tn of deposits to the system during 2021.</b><img src=\"https://static.tigerbbs.com/392342c2f3e1dd008b2276172a9b3ecf\" tg-width=\"500\" tg-height=\"253\" referrerpolicy=\"no-referrer\">While the expiry of the carve-out on March 31 would not have an immediate impact on GSIBs, the continued increase in leverage assets throughout the course of the year would increase long-term debt (LTD) and preferred requirements. Here, JPM takes an optimistic view and writes that<b>\"even the “worst” case issuance scenario as very manageable, with LTD needs of $35bn for TLAC requirements and preferred needs of $15-$20bn to maintain the industry-wide SLR at 5.6%.</b></p><p><blockquote>美联储资产负债表的大幅扩张意味着美联储银行持有的银行准备金也同样大幅增长。<b>监管救济到期将使8个GSIB的杠杆敞口增加约2.1万亿美元。此外，TGA的减少和持续的量化宽松可能会在2021年为系统再增加约2.35万亿美元的存款。</b>虽然3月31日豁免到期不会对GSIB产生直接影响，但全年杠杆资产的持续增加将增加长期债务(LTD)和优先要求。在这里，摩根大通持乐观观点，并写道<b>“即使是‘最坏’的发行情况也是非常可控的，LTD需要350亿美元来满足TLAC要求，优先需求为150-200亿美元，以将全行业SLR维持在5.6%。</b></blockquote></p><p>The constraint is greater at the bank entity, where the capacity to grow leverage exposure to be ~$765bn at 6.2% SLR.\"Goldman's take was more troubling: the bank estimated that under the continued QE regime, there would be a shortfall of some $2 trillion in reserve capacity, mainly in the form of deposits which the banks would be unable to accept as part of ongoing QE (much more in Goldman'sfull take of the SLR quandary).</p><p><blockquote>银行实体的限制更大，其杠杆敞口增加的能力约为7,650亿美元，SLR为6.2%。”高盛的观点更令人不安：该行估计，在持续的量化宽松制度下，储备能力将出现约2万亿美元的缺口，主要是银行无法接受的存款形式，作为正在进行的量化宽松的一部分（高盛对SLR困境的全面理解更是如此）。</blockquote></p><p><b>So what happens next?</b></p><p><blockquote><b>那么接下来会发生什么呢？</b></blockquote></p><p>Addressing this topic, yesterday Curvature's Scott Skyrm wrote that \"<i>the largest banks are enjoying much larger balance sheets, but there are political factors in Washington that are against an extension of the exemption.... Here are a couple of scenarios and their implications on the Repo market</i>:</p><p><blockquote>针对这个话题，昨天Curvature的Scott Skyrm写道“<i>最大的银行享有更大的资产负债表，但华盛顿有政治因素反对延长豁免....以下是几种情况及其对回购市场的影响</i>：</blockquote></p><p>The exemption is extended 3 months or 6 months - No impact on the Repo market. It's already fully priced-in.The exemption is continued for reserves, but ended for Treasurys. <b>Since large banks are the largest cash providers in the Repo market, less cash is intermediated into the market and Repo rates rise. Volatility increases as Repo assets move from the largest banks to the other Repo market participants.The exemption is ended for both reserves and Treasurys. Same as above.</b>In other words, Skyrm has a relatively downbeat view, warning that \"since large banks are the largest cash providers in the Repo market, less cash is intermediated into the market and Repo rates rise.\" Additionally, volatility is likely to increase as repo assets move from the largest banks to the other Repo market participants...</p><p><blockquote>豁免延长3个月或6个月——对回购市场没有影响。它已经完全定价了。准备金的豁免继续，但国债的豁免结束。<b>由于大型银行是回购市场上最大的现金提供者，因此进入市场的现金减少，回购利率上升。随着回购资产从最大的银行转移到其他回购市场参与者，波动性会增加。储备和国库的豁免均终止。同上。</b>换句话说，Skyrm持相对悲观的观点，警告称“由于大型银行是回购市场上最大的现金提供者，因此进入市场的现金减少，回购利率上升。”此外，随着回购资产从最大的银行转移到其他回购市场参与者，波动性可能会增加...</blockquote></p><p>Perhaps a bit too draconian? Well, last week, JPMorgan laid out 5 scenarios for SLR, of which two predicted the end of SLR relief on March 31, as follow:</p><p><blockquote>也许有点太严厉了？上周，摩根大通为SLR制定了5种情景，其中两种预测SLR救济将于3月31日结束，具体如下：</blockquote></p><p><u><b>3. Relief ends March 31, banks fully raise capital</b></u> <b>Impact on BanksRatesFront-End Rates</b> <u><b>4. Relief ends March 31, banks raise capital &amp; de-lever</b></u> <b>Impact on BanksRatesFront-End Rates</b>Going back to Zoltan, let's recallthat the repo gurualso cautioned that \"ending the exemption of reserves and Treasuries from the calculation of the SLR may mean that U.S. banks will turn away deposits and reserves on the margin (not Treasuries) to leave more room for market-making activities,<b>and these flows will swell further money funds’ inflows coming from TGA drawdowns.</b>\"</p><p><blockquote><u><b>3.纾困3月31日结束银行全面融资</b></u><b>对银行利率的影响前端利率</b><u><b>4.纾困3月31日结束，银行增资去杠杆</b></u><b>对银行利率的影响前端利率</b>回到Zoltan，让我们回想一下，这位回购大师还警告说，“结束准备金和国债在SLR计算中的豁免可能意味着美国银行将拒绝保证金（而不是国债）的存款和准备金，为市场留出更多空间。做市活动，<b>这些资金流动将进一步增加来自TGA提款的货币基金流入。</b>\"</blockquote></p><p>More importantly, Zoltan does not expect broad chaos in repo or broader markets, and instead provides a more benign view on the negligible impact the SLR has had (and will be if it is eliminated), as he explained in a note from Tuesday.</p><p><blockquote>更重要的是，Zoltan预计回购或更广泛的市场不会出现广泛的混乱，相反，正如他在周二的一份报告中解释的那样，他对SLR已经产生的微不足道的影响（如果它被消除，将会产生）提供了更良性的看法。</blockquote></p><p><img src=\"https://static.tigerbbs.com/caeeb2b1290e084832f29d61cea6a90b\" tg-width=\"500\" tg-height=\"534\" referrerpolicy=\"no-referrer\">How to determine if Zoltan's benign view is correct? He concluded his note by writing that \"given that our call for a zero-to-negative FRA-OIS spread by the end of June was predicated on the end of SLR extension and an assumption that the Fed will try to fix a quantity problem with prices, not quantities, today’s adjustments mean that FRA-OIS won’t trade all the way down to zero or negative territory.\"</p><p><blockquote>如何确定Zoltan的良性观点是否正确？他在报告的最后写道，“鉴于我们到6月底FRA-OIS利差为零至负的看涨期权是基于SLR延期的结束以及美联储将尝试解决数量问题的假设价格而不是数量，今天的调整意味着FRA-OIS不会一直跌至零或负值。”</blockquote></p><p>FRA-OIS from here will be a function of how tight FX swaps will trade relative to OIS, but Treasury bills trading at deeply sub-zero rates is no longer a risk...While Bills have occasionally dipped into the negative territory on occasion, so far they have avoided a fullblown plunge into NIRP, which may be just the positive sign the market is waiting for to ease the nerves associated with the sudden and largely unexpected end of the SLR exemption.</p><p><blockquote>这里的FRA-OIS将取决于外汇掉期相对于OIS的交易紧张程度，但以远低于零利率交易的国库券不再是一种风险...虽然账单偶尔会跌入负值，但到目前为止，它们避免了全面陷入NIRP，这可能只是市场正在等待的积极信号，以缓解与SLR豁免突然且基本上出乎意料的结束相关的紧张情绪。</blockquote></p><p>* *&nbsp; *</p><p><blockquote>** *</blockquote></p><p></p><p>Finally, for those curious what the immediate market impact will be, NatWest strategist Blake Gwinn writes that the Fed announcement that they’re letting regulatory exemptions for banks expire at the end of the month \"really threads the needle and \"assuages concerns about the potential long-term impact on the markets\" as<b>the SLR \"ends it but defuses a lot of the knee-jerk market reaction” by pledging to address the current design and calibration of the supplementary leverage ratio to prevent strains from developing</b>.</p><p><blockquote>最后，对于那些好奇对市场的直接影响会是什么的人来说，国民西敏寺银行策略师布莱克·格温(Blake Gwinn)写道，美联储宣布银行监管豁免将于本月底到期，“确实是穿针引线”，缓解了人们对银行监管豁免的担忧。对市场的潜在长期影响<b>SLR承诺解决补充杠杆率的当前设计和校准问题，以防止紧张局势的发展，从而“结束了它，但化解了许多下意识的市场反应”</b>.</blockquote></p><p>“I was never worried about a day-one bank puke of Treasuries or drawdown in repo or anything like that on no renewal,” Gwinn said. “My concern was the longer run,” like as reserves continue to rise, would the SLR “become a nuisance and drag on Treasuries and spreads” Gwinn concludes that with the statement, the Fed is<b>\"really speaking to those fears and basically saying, ‘don’t worry, we are on it’.”</b></p><p><blockquote>格温说：“我从来不担心银行第一天就会吐出国债或回购提款或类似的情况。”“我担心的是，从长远来看”，随着准备金继续上升，SLR是否会“成为一个麻烦并拖累国债和利差”格温总结道，通过这份声明，美联储<b>“真正解决这些恐惧，基本上是说，‘别担心，我们正在努力’。”</b></blockquote></p><p>Well, with yields spiking to HOD in early quad-witch trading, the market sure seems quite skeptical that the Fed is on anything.</p><p><blockquote>好吧，随着收益率在早期四女巫交易中飙升至HOD，市场似乎确实对美联储的行动持怀疑态度。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/stocks-bopnds-tank-after-fed-lets-slr-relief-expire\">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":{},"source_url":"https://www.zerohedge.com/markets/stocks-bopnds-tank-after-fed-lets-slr-relief-expire","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199154789","content_text":"As washinted at, and discussed in depth here,the Fed decided - under political pressure from progressive Democrats such asElizabeth Warren and Sherrod Brown- to let the temporary Supplementary Leverage Ratio (SLR) exemption expire as scheduled on March 31, the one year anniversary of the rule change.The federal bank regulatory agencies today announced that the temporary change to the supplementary leverage ratio, or SLR, for depository institutions issued on May 15, 2020, will expire as scheduled on March 31, 2021.The temporary change was made to provide flexibility for depository institutions to provide credit to households and businesses in light of the COVID-19 event.This outcome is theone (again) correctly predictedby former NY Fed guru Zoltan Pozsar who following the FOMC said that \"the fact that the Fed made this adjustment practically preemptively – the o/n RRP facility is not being used at the moment, so there are no capacity constraints yet, while repo and bill yields aren’t trading negative yet –suggests that the Fed is “foaming the runway” for the end of SLR exemption.\"Knowing well this would be a very hot button issue for the market, the Fed published thefollowing statementto ease trader nerves, noting that while the SLR special treatment will expire on March 31, the Fed is \"inviting public comment on several potential SLR modifications\" and furthermore, \"Board may need to address the current design and calibration of the SLR over time to prevent strains from developing that could both constrain economic growth and undermine financial stability\" - in short, if yields spike, the Fed will re-introduce the SLR without delay:The Federal Reserve Board on Friday announced that the temporary change to its supplementary leverage ratio, or SLR, for bank holding companies will expire as scheduled on March 31. Additionally, the Board will shortly seek comment on measures to adjust the SLR. The Board will take appropriate actions to assure that any changes to the SLR do not erode the overall strength of bank capital requirements.To ease strains in the Treasury market resulting from the COVID-19 pandemic and to promote lending to households and businesses, the Board temporarily modified the SLR last year to exclude U.S. Treasury securities and central bank reserves. Since that time, the Treasury market has stabilized. However, because of recent growth in the supply of central bank reserves and the issuance of Treasury securities, the Board may need to address the current design and calibration of the SLR over time to prevent strains from developing that could both constrain economic growth and undermine financial stability.To ensure that the SLR—which was established in 2014 as an additional capital requirement—remains effective in an environment of higher reserves, the Board will soon be inviting public comment on several potential SLR modifications.The proposal and comments will contribute to ongoing discussions with the Department of the Treasury and other regulators on future work to ensure the resiliency of the Treasury market.The Fed's soothing wods notwithstanding,having been primed for a favorable outcome, the Fed's disappointing announcement was hardly the news traders were hoping for and stocks tumbled...Bond yields spiked...... while the stock of JPM, which is the most exposed bank to SLR relief (as noted yesterday in \"Facing Up To JP Morgan's Leverage Relief Threats\")....... slumped.In case you've been living under a rock, here's why you should care about the SLR decision: First, for those whomissed our primer on the issue, some background from JPM (ironically the one bank that has the most to lose from the Fed's decision) the bottom line is that without SLR relief,banks may have to delever, raise new capital, halt buybacks, sell preferred stock, turn down deposits and generally push back on reserves (not necessarily all of these, and not in that order) just as the Fed is injecting hundreds of billions of reserves into the market as the Treasury depletes its TGA account.The massive expansion of the Fed’s balance that has occurred implied an equally massive growth in bank reserves held at Federal Reserve banks. The expiration of the regulatory relief would add ~$2.1tn of leverage exposure across the 8 GSIBs. As well, TGA reduction and continued QE could add another ~$2.35tn of deposits to the system during 2021.While the expiry of the carve-out on March 31 would not have an immediate impact on GSIBs, the continued increase in leverage assets throughout the course of the year would increase long-term debt (LTD) and preferred requirements. Here, JPM takes an optimistic view and writes that\"even the “worst” case issuance scenario as very manageable, with LTD needs of $35bn for TLAC requirements and preferred needs of $15-$20bn to maintain the industry-wide SLR at 5.6%.The constraint is greater at the bank entity, where the capacity to grow leverage exposure to be ~$765bn at 6.2% SLR.\"Goldman's take was more troubling: the bank estimated that under the continued QE regime, there would be a shortfall of some $2 trillion in reserve capacity, mainly in the form of deposits which the banks would be unable to accept as part of ongoing QE (much more in Goldman'sfull take of the SLR quandary).So what happens next?Addressing this topic, yesterday Curvature's Scott Skyrm wrote that \"the largest banks are enjoying much larger balance sheets, but there are political factors in Washington that are against an extension of the exemption.... Here are a couple of scenarios and their implications on the Repo market:The exemption is extended 3 months or 6 months - No impact on the Repo market. It's already fully priced-in.The exemption is continued for reserves, but ended for Treasurys. Since large banks are the largest cash providers in the Repo market, less cash is intermediated into the market and Repo rates rise. Volatility increases as Repo assets move from the largest banks to the other Repo market participants.The exemption is ended for both reserves and Treasurys. Same as above.In other words, Skyrm has a relatively downbeat view, warning that \"since large banks are the largest cash providers in the Repo market, less cash is intermediated into the market and Repo rates rise.\" Additionally, volatility is likely to increase as repo assets move from the largest banks to the other Repo market participants...Perhaps a bit too draconian? Well, last week, JPMorgan laid out 5 scenarios for SLR, of which two predicted the end of SLR relief on March 31, as follow:3. Relief ends March 31, banks fully raise capital Impact on BanksRatesFront-End Rates 4. Relief ends March 31, banks raise capital & de-lever Impact on BanksRatesFront-End RatesGoing back to Zoltan, let's recallthat the repo gurualso cautioned that \"ending the exemption of reserves and Treasuries from the calculation of the SLR may mean that U.S. banks will turn away deposits and reserves on the margin (not Treasuries) to leave more room for market-making activities,and these flows will swell further money funds’ inflows coming from TGA drawdowns.\"More importantly, Zoltan does not expect broad chaos in repo or broader markets, and instead provides a more benign view on the negligible impact the SLR has had (and will be if it is eliminated), as he explained in a note from Tuesday.How to determine if Zoltan's benign view is correct? He concluded his note by writing that \"given that our call for a zero-to-negative FRA-OIS spread by the end of June was predicated on the end of SLR extension and an assumption that the Fed will try to fix a quantity problem with prices, not quantities, today’s adjustments mean that FRA-OIS won’t trade all the way down to zero or negative territory.\"FRA-OIS from here will be a function of how tight FX swaps will trade relative to OIS, but Treasury bills trading at deeply sub-zero rates is no longer a risk...While Bills have occasionally dipped into the negative territory on occasion, so far they have avoided a fullblown plunge into NIRP, which may be just the positive sign the market is waiting for to ease the nerves associated with the sudden and largely unexpected end of the SLR exemption.* *  *Finally, for those curious what the immediate market impact will be, NatWest strategist Blake Gwinn writes that the Fed announcement that they’re letting regulatory exemptions for banks expire at the end of the month \"really threads the needle and \"assuages concerns about the potential long-term impact on the markets\" asthe SLR \"ends it but defuses a lot of the knee-jerk market reaction” by pledging to address the current design and calibration of the supplementary leverage ratio to prevent strains from developing.“I was never worried about a day-one bank puke of Treasuries or drawdown in repo or anything like that on no renewal,” Gwinn said. “My concern was the longer run,” like as reserves continue to rise, would the SLR “become a nuisance and drag on Treasuries and spreads” Gwinn concludes that with the statement, the Fed is\"really speaking to those fears and basically saying, ‘don’t worry, we are on it’.”Well, with yields spiking to HOD in early quad-witch trading, the market sure seems quite skeptical that the Fed is on anything.","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":951,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327449057,"gmtCreate":1616119670879,"gmtModify":1634527132652,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"But this month the only thing it did is drop drop drop drop 🤣🤣🤣🤣","listText":"But this month the only thing it did is drop drop drop drop 🤣🤣🤣🤣","text":"But this month the only thing it did is drop drop drop drop 🤣🤣🤣🤣","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/327449057","repostId":"1147443878","repostType":4,"repost":{"id":"1147443878","kind":"news","pubTimestamp":1616117641,"share":"https://www.laohu8.com/m/news/1147443878?lang=zh_CN&edition=full","pubTime":"2021-03-19 09:34","market":"us","language":"en","title":"Apple Stock Is A Strong Buy, Expert Says. Here’s Why<blockquote>专家表示，苹果股票值得强力买入。原因如下</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147443878","media":"TheStreet","summary":"evercore ISI’s analyst Amit Daryanani has been one of the latest Wall Street analysts to publish a report on Apple stock. While he has maintained his bullish rating on the shares intact, he upped the ante and set a Street-high price target of $175 apiece this week – for upside of over 40% from current levels.Today, the Apple Maven looks closer into why the analyst believes Apple is such a strong buy today. I then add the perspective of another bullish expert, who believes Apple’s market value is","content":"<p>evercore ISI’s analyst Amit Daryanani has been one of the latest Wall Street analysts to publish a report on Apple stock. While he has maintained his bullish rating on the shares intact, he upped the ante and set a Street-high price target of $175 apiece this week – for upside of over 40% from current levels.</p><p><blockquote>evercore ISI分析师Amit Daryanani是最新发布苹果股票报告的华尔街分析师之一。虽然他维持对该股的看涨评级不变，但他加大了赌注，本周将每股175美元的华尔街高价目标价设定为较当前水平上涨40%以上。</blockquote></p><p> Today, the Apple Maven looks closer into why the analyst believes Apple is such a strong buy today. I then add the perspective of another bullish expert, who believes Apple’s market value is heading to $3 trillion in the foreseeable future.</p><p><blockquote>今天，这位苹果专家进一步探讨了为什么分析师认为苹果今天如此值得买入。然后我补充了另一位看涨专家的观点，他认为苹果的市值在可预见的未来将达到3万亿美元。</blockquote></p><p> <b>Not all about the iPhone</b></p><p><blockquote><b>不全是关于iPhone的</b></blockquote></p><p> Apple has been most closely associated with iPhones in the past decade and a half. But&nbsp;this analyst supports his bullish thesis&nbsp;on factors that do not always make the headlines: services and wearables.</p><p><blockquote>在过去的十五年里，苹果与iPhone的联系最为紧密。但这位分析师支持他对并不总是成为头条新闻的因素的看涨论点：服务和可穿戴设备。</blockquote></p><p> Here is what Evercore currently sees:</p><p><blockquote>以下是Evercore目前看到的情况：</blockquote></p><p>   “A clear path to $100 billion in services revenue by fiscal 2025 and $70 billion for wearables. The growth should help drive margin expansion and help smooth out the cyclical nature of the hardware business.”  Should the research shop be right about the services opportunity, Apple would effectively double segment revenues in five years, as it did between 2016 and 2020. I recently&nbsp;argued that the feat could be achieved, especially with the introduction of new service offerings (that are either too nascent or have yet to caught on, such as Fitness+ and Arcade+) and the launch of the Apple One bundle.</p><p><blockquote>“到2025财年，服务收入将达到1000亿美元，可穿戴设备收入将达到700亿美元。这一增长应该有助于推动利润率扩张，并有助于消除硬件业务的周期性。”如果研究机构对服务机会的判断是正确的，苹果将在五年内将该部门的收入有效地翻一番，就像2016年至2020年间所做的那样。我最近认为，这一壮举是可以实现的，特别是随着新服务产品的推出（这些服务要么太年轻，要么尚未流行，如Fitness+和Arcade+）以及苹果One捆绑包的推出。</blockquote></p><p> On the wearables side, growing to $70 billion by 2025 would mean more than doubling fiscal 2020 revenues of $31 billion. There are a couple of ways that Apple could reach this goal, and the company would probably need to execute on all fronts at the same time to be successful:</p><p><blockquote>在可穿戴设备方面，到2025年增长到700亿美元将意味着2020财年310亿美元的收入增加一倍以上。苹果可以通过多种方式实现这一目标，该公司可能需要同时在所有方面执行才能取得成功：</blockquote></p><p> <ul>  <li>Grow market penetration in smartwatches;</li>  <li>Widen the product portfolio in earphones and home devices;</li>  <li>Introduce category-defining products,such as mixed reality headsets.</li> </ul> Wrapping up the bull case, Evercore mentions two other factors. First, share buybacks could accelerate, as Apple tries to&nbsp;put its cash pile to use in a low-interest environment. Second, the research company sees valuation multiples staying higher for longer, as Apple earns a consumer goods premium.</p><p><blockquote><ul><li>提高智能手表的市场渗透率；</li><li>扩大耳机和家庭设备的产品组合；</li><li>推出定义类别的产品，如混合现实耳机。</li></ul>在总结牛市案例时，Evercore提到了另外两个因素。首先，随着苹果试图在低利率环境下利用其现金储备，股票回购可能会加速。其次，该研究公司认为，随着苹果赚取消费品溢价，估值倍数将在更长时间内保持较高水平。</blockquote></p><p> <b>The usual suspects: 5G super cycle, Apple Car</b></p><p><blockquote><b>通常的嫌疑人：5G超级周期、苹果汽车</b></blockquote></p><p> On the path to $175 per share, Evercore did not forget to mention some of the trendier, high-flying growth opportunities – among them, the Apple Car. But when it comes to seeing the longer-term trends, Wedbush’s Dan Ives is probably the analyst that relies on them the most to support his own $175 price target (or $225, under his best-case scenario).</p><p><blockquote>在迈向每股175美元的道路上，Evercore没有忘记提及一些更时尚、高速增长的机会，其中包括苹果汽车。但在看到长期趋势时，Wedbush的Dan Ives可能是最依赖它们来支持自己175美元目标价（或225美元，在他的最佳情况下）的分析师。</blockquote></p><p> According to Wedbush, the “super cycle party” should continue&nbsp;with the launch of the iPhone 13, later in 2021. The analyst believes that roughly 40% of the global iPhone installed base is due for an upgrade.</p><p><blockquote>根据Wedbush的说法，随着2021年晚些时候iPhone 13的推出，“超级周期派对”应该会继续。该分析师认为，全球iPhone装机量中约有40%需要升级。</blockquote></p><p> On the electric vehicle front, the opportunity could reach $5 trillion over the next decade. Wedbush thinks that Apple could announce a production partner this summer, and soon kickstart its fight for share in this promising new market.</p><p><blockquote>在电动汽车方面，未来十年的机会可能达到5万亿美元。韦德布什认为苹果可能会在今年夏天宣布生产合作伙伴，并很快开始在这个充满希望的新市场争夺份额。</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>Apple Stock Is A Strong Buy, Expert Says. Here’s Why<blockquote>专家表示，苹果股票值得强力买入。原因如下</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\">\nApple Stock Is A Strong Buy, Expert Says. Here’s Why<blockquote>专家表示，苹果股票值得强力买入。原因如下</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-03-19 09:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p>evercore ISI’s analyst Amit Daryanani has been one of the latest Wall Street analysts to publish a report on Apple stock. While he has maintained his bullish rating on the shares intact, he upped the ante and set a Street-high price target of $175 apiece this week – for upside of over 40% from current levels.</p><p><blockquote>evercore ISI分析师Amit Daryanani是最新发布苹果股票报告的华尔街分析师之一。虽然他维持对该股的看涨评级不变，但他加大了赌注，本周将每股175美元的华尔街高价目标价设定为较当前水平上涨40%以上。</blockquote></p><p> Today, the Apple Maven looks closer into why the analyst believes Apple is such a strong buy today. I then add the perspective of another bullish expert, who believes Apple’s market value is heading to $3 trillion in the foreseeable future.</p><p><blockquote>今天，这位苹果专家进一步探讨了为什么分析师认为苹果今天如此值得买入。然后我补充了另一位看涨专家的观点，他认为苹果的市值在可预见的未来将达到3万亿美元。</blockquote></p><p> <b>Not all about the iPhone</b></p><p><blockquote><b>不全是关于iPhone的</b></blockquote></p><p> Apple has been most closely associated with iPhones in the past decade and a half. But&nbsp;this analyst supports his bullish thesis&nbsp;on factors that do not always make the headlines: services and wearables.</p><p><blockquote>在过去的十五年里，苹果与iPhone的联系最为紧密。但这位分析师支持他对并不总是成为头条新闻的因素的看涨论点：服务和可穿戴设备。</blockquote></p><p> Here is what Evercore currently sees:</p><p><blockquote>以下是Evercore目前看到的情况：</blockquote></p><p>   “A clear path to $100 billion in services revenue by fiscal 2025 and $70 billion for wearables. The growth should help drive margin expansion and help smooth out the cyclical nature of the hardware business.”  Should the research shop be right about the services opportunity, Apple would effectively double segment revenues in five years, as it did between 2016 and 2020. I recently&nbsp;argued that the feat could be achieved, especially with the introduction of new service offerings (that are either too nascent or have yet to caught on, such as Fitness+ and Arcade+) and the launch of the Apple One bundle.</p><p><blockquote>“到2025财年，服务收入将达到1000亿美元，可穿戴设备收入将达到700亿美元。这一增长应该有助于推动利润率扩张，并有助于消除硬件业务的周期性。”如果研究机构对服务机会的判断是正确的，苹果将在五年内将该部门的收入有效地翻一番，就像2016年至2020年间所做的那样。我最近认为，这一壮举是可以实现的，特别是随着新服务产品的推出（这些服务要么太年轻，要么尚未流行，如Fitness+和Arcade+）以及苹果One捆绑包的推出。</blockquote></p><p> On the wearables side, growing to $70 billion by 2025 would mean more than doubling fiscal 2020 revenues of $31 billion. There are a couple of ways that Apple could reach this goal, and the company would probably need to execute on all fronts at the same time to be successful:</p><p><blockquote>在可穿戴设备方面，到2025年增长到700亿美元将意味着2020财年310亿美元的收入增加一倍以上。苹果可以通过多种方式实现这一目标，该公司可能需要同时在所有方面执行才能取得成功：</blockquote></p><p> <ul>  <li>Grow market penetration in smartwatches;</li>  <li>Widen the product portfolio in earphones and home devices;</li>  <li>Introduce category-defining products,such as mixed reality headsets.</li> </ul> Wrapping up the bull case, Evercore mentions two other factors. First, share buybacks could accelerate, as Apple tries to&nbsp;put its cash pile to use in a low-interest environment. Second, the research company sees valuation multiples staying higher for longer, as Apple earns a consumer goods premium.</p><p><blockquote><ul><li>提高智能手表的市场渗透率；</li><li>扩大耳机和家庭设备的产品组合；</li><li>推出定义类别的产品，如混合现实耳机。</li></ul>在总结牛市案例时，Evercore提到了另外两个因素。首先，随着苹果试图在低利率环境下利用其现金储备，股票回购可能会加速。其次，该研究公司认为，随着苹果赚取消费品溢价，估值倍数将在更长时间内保持较高水平。</blockquote></p><p> <b>The usual suspects: 5G super cycle, Apple Car</b></p><p><blockquote><b>通常的嫌疑人：5G超级周期、苹果汽车</b></blockquote></p><p> On the path to $175 per share, Evercore did not forget to mention some of the trendier, high-flying growth opportunities – among them, the Apple Car. But when it comes to seeing the longer-term trends, Wedbush’s Dan Ives is probably the analyst that relies on them the most to support his own $175 price target (or $225, under his best-case scenario).</p><p><blockquote>在迈向每股175美元的道路上，Evercore没有忘记提及一些更时尚、高速增长的机会，其中包括苹果汽车。但在看到长期趋势时，Wedbush的Dan Ives可能是最依赖它们来支持自己175美元目标价（或225美元，在他的最佳情况下）的分析师。</blockquote></p><p> According to Wedbush, the “super cycle party” should continue&nbsp;with the launch of the iPhone 13, later in 2021. The analyst believes that roughly 40% of the global iPhone installed base is due for an upgrade.</p><p><blockquote>根据Wedbush的说法，随着2021年晚些时候iPhone 13的推出，“超级周期派对”应该会继续。该分析师认为，全球iPhone装机量中约有40%需要升级。</blockquote></p><p> On the electric vehicle front, the opportunity could reach $5 trillion over the next decade. Wedbush thinks that Apple could announce a production partner this summer, and soon kickstart its fight for share in this promising new market.</p><p><blockquote>在电动汽车方面，未来十年的机会可能达到5万亿美元。韦德布什认为苹果可能会在今年夏天宣布生产合作伙伴，并很快开始在这个充满希望的新市场争夺份额。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/apple/stock/apple-stock-is-a-strong-buy-expert-says-heres-why\">TheStreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/stock/apple-stock-is-a-strong-buy-expert-says-heres-why","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147443878","content_text":"evercore ISI’s analyst Amit Daryanani has been one of the latest Wall Street analysts to publish a report on Apple stock. While he has maintained his bullish rating on the shares intact, he upped the ante and set a Street-high price target of $175 apiece this week – for upside of over 40% from current levels.\nToday, the Apple Maven looks closer into why the analyst believes Apple is such a strong buy today. I then add the perspective of another bullish expert, who believes Apple’s market value is heading to $3 trillion in the foreseeable future.\nNot all about the iPhone\nApple has been most closely associated with iPhones in the past decade and a half. But this analyst supports his bullish thesis on factors that do not always make the headlines: services and wearables.\nHere is what Evercore currently sees:\n\n “A clear path to $100 billion in services revenue by fiscal 2025 and $70 billion for wearables. The growth should help drive margin expansion and help smooth out the cyclical nature of the hardware business.”\n\nShould the research shop be right about the services opportunity, Apple would effectively double segment revenues in five years, as it did between 2016 and 2020. I recently argued that the feat could be achieved, especially with the introduction of new service offerings (that are either too nascent or have yet to caught on, such as Fitness+ and Arcade+) and the launch of the Apple One bundle.\nOn the wearables side, growing to $70 billion by 2025 would mean more than doubling fiscal 2020 revenues of $31 billion. There are a couple of ways that Apple could reach this goal, and the company would probably need to execute on all fronts at the same time to be successful:\n\nGrow market penetration in smartwatches;\nWiden the product portfolio in earphones and home devices;\nIntroduce category-defining products,such as mixed reality headsets.\n\nWrapping up the bull case, Evercore mentions two other factors. First, share buybacks could accelerate, as Apple tries to put its cash pile to use in a low-interest environment. Second, the research company sees valuation multiples staying higher for longer, as Apple earns a consumer goods premium.\nThe usual suspects: 5G super cycle, Apple Car\nOn the path to $175 per share, Evercore did not forget to mention some of the trendier, high-flying growth opportunities – among them, the Apple Car. But when it comes to seeing the longer-term trends, Wedbush’s Dan Ives is probably the analyst that relies on them the most to support his own $175 price target (or $225, under his best-case scenario).\nAccording to Wedbush, the “super cycle party” should continue with the launch of the iPhone 13, later in 2021. The analyst believes that roughly 40% of the global iPhone installed base is due for an upgrade.\nOn the electric vehicle front, the opportunity could reach $5 trillion over the next decade. Wedbush thinks that Apple could announce a production partner this summer, and soon kickstart its fight for share in this promising new market.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":686,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":327523597,"gmtCreate":1616111611419,"gmtModify":1634527213197,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"Will drop soon","listText":"Will drop soon","text":"Will drop soon","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/327523597","repostId":"1136193758","repostType":2,"isVote":1,"tweetType":1,"viewCount":516,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":323058707,"gmtCreate":1615292246009,"gmtModify":1703486855623,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"Green day ?","listText":"Green day ?","text":"Green day ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/323058707","repostId":"1115541540","repostType":4,"repost":{"id":"1115541540","kind":"news","pubTimestamp":1615290562,"share":"https://www.laohu8.com/m/news/1115541540?lang=zh_CN&edition=full","pubTime":"2021-03-09 19:49","market":"us","language":"en","title":"ARK Innovation Rebounds As Cathie Wood Stands Firm on Tech Bets; Tesla Surges<blockquote>凯西·伍德(Cathie Wood)坚定地押注科技，方舟创新(ARK Innovation)反弹；特斯拉激增</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1115541540","media":"TheStreet","summary":"Cathie Wood stood in to defend her ARK Innovation ETF late Monday as losses continue to hit the tech","content":"<p>Cathie Wood stood in to defend her ARK Innovation ETF late Monday as losses continue to hit the tech-focused fund amid a broader market rotation into value stocks.</p><p><blockquote>周一晚间，凯西·伍德(Cathie Wood)为她的ARK Innovation ETF辩护，因为随着更广泛的市场转向价值股，这只专注于科技的基金继续遭受损失。</blockquote></p><p> ARK Innovation ETF&nbsp;(<b>ARKK</b>)&nbsp;shares rebounded sharply Tuesday star fund manager Cathie Wood stood firm in defense against the recent slump in her tech-focused holdings.</p><p><blockquote>方舟创新ETF(<b>ARKK</b>）股价周二大幅反弹明星基金经理凯西·伍德(Cathie Wood)坚定地捍卫了近期科技股的暴跌。</blockquote></p><p> Wood told CNBC late Monday that she was becoming \"more optimistic\" about her portfolios amid the ongoing tech sell-off, which has tipped the Nasdaq Composite into correction territory and hived nearly 30% from her flagship ARK Innovation fund since its February 12 closing peak.</p><p><blockquote>伍德周一晚间对CNBC表示，在持续的科技股抛售中，她对自己的投资组合变得“更加乐观”，这已使纳斯达克综合指数进入调整区域，自2月12日收盘以来，她的旗舰方舟创新基金已上涨近30%峰值。</blockquote></p><p> A 'broadening' of the current market rally, Wood argued, will give her both a chance to add to current positions on stocks such as Tesla&nbsp;(<b>TSLA</b>)&nbsp;and Roku&nbsp;(<b>ROKU</b>)&nbsp;at lower levels while simultaneously moving into so-called pure-play stocks whose growth trajectory is more in-line with the U.S. post-pandemic recovery.</p><p><blockquote>伍德认为，当前市场涨势的“扩大”将使她有机会增加特斯拉等股票的当前头寸（<b>特斯拉</b>）和Roku（<b>ROKU</b>）处于较低水平，同时转向所谓的纯股票，这些股票的增长轨迹更符合美国大流行后的复苏。</blockquote></p><p> “The bull market was broadening out to incorporate value or more cyclical sectors and I thought that was going to be very good news for our strategies longer run,\" Wood said. \"The worst thing that could have happened to us what another tech and telecom bubble where the market narrowed so that only a few groups won.\"</p><p><blockquote>伍德表示：“牛市正在扩大，纳入价值或更具周期性的行业，我认为从长远来看，这对我们的策略来说将是一个非常好的消息。可能发生在我们身上的最糟糕的事情是另一个科技和电信泡沫，市场收窄，只有少数群体获胜。”</blockquote></p><p> Ark Innovation ETF shares were marked 4.6% higher in pre-market trading Tuesday, indicating an opening bell price of $115.34 each, a move that would trim its month-to-date decline to around 25.5%.</p><p><blockquote>Ark Innovation ETF股价周二盘前交易中上涨4.6%，开盘价为每股115.34美元，此举将把本月迄今的跌幅收窄至25.5%左右。</blockquote></p><p> Tesla shares jumped 5.1% in pre-market trading to $591.52 each, while Bitcoin, another key holding in the ARK portfolio, was marked 4.7% higher at just over $54,000.00.</p><p><blockquote>特斯拉股价在盘前交易中上涨5.1%，至每股591.52美元，而ARK投资组合中的另一只主要持股比特币股价上涨4.7%，略高于54,000.00美元。</blockquote></p><p> Short interest in the fund, however, has accelerated amid the recent surge in U.S. Treasury bond yields and the corresponding pullback in tech stocks, particularly Tesla, which has lost nearly $300 billion in market value since its early January peak amid a near 30% decline in its share price.</p><p><blockquote>然而，由于近期美国国债收益率飙升以及科技股相应回调，对该基金的空头兴趣加速，尤其是特斯拉，自1月初的峰值以来，该公司市值已损失近3000亿美元，跌幅近30%。其股价。</blockquote></p><p> Data from S3 Partners indicates around $2.31 billion in currently being bet against the ARK Innovation ETF, a figure that represents around 19.76 million shares, or 10.8% of its outstanding float.</p><p><blockquote>S3 Partners的数据显示，目前ARK Innovation ETF的押注约为23.1亿美元，这一数字约占1,976万股，占其已发行流通股的10.8%。</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>ARK Innovation Rebounds As Cathie Wood Stands Firm on Tech Bets; Tesla Surges<blockquote>凯西·伍德(Cathie Wood)坚定地押注科技，方舟创新(ARK Innovation)反弹；特斯拉激增</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\">\nARK Innovation Rebounds As Cathie Wood Stands Firm on Tech Bets; Tesla Surges<blockquote>凯西·伍德(Cathie Wood)坚定地押注科技，方舟创新(ARK Innovation)反弹；特斯拉激增</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-03-09 19:49</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Cathie Wood stood in to defend her ARK Innovation ETF late Monday as losses continue to hit the tech-focused fund amid a broader market rotation into value stocks.</p><p><blockquote>周一晚间，凯西·伍德(Cathie Wood)为她的ARK Innovation ETF辩护，因为随着更广泛的市场转向价值股，这只专注于科技的基金继续遭受损失。</blockquote></p><p> ARK Innovation ETF&nbsp;(<b>ARKK</b>)&nbsp;shares rebounded sharply Tuesday star fund manager Cathie Wood stood firm in defense against the recent slump in her tech-focused holdings.</p><p><blockquote>方舟创新ETF(<b>ARKK</b>）股价周二大幅反弹明星基金经理凯西·伍德(Cathie Wood)坚定地捍卫了近期科技股的暴跌。</blockquote></p><p> Wood told CNBC late Monday that she was becoming \"more optimistic\" about her portfolios amid the ongoing tech sell-off, which has tipped the Nasdaq Composite into correction territory and hived nearly 30% from her flagship ARK Innovation fund since its February 12 closing peak.</p><p><blockquote>伍德周一晚间对CNBC表示，在持续的科技股抛售中，她对自己的投资组合变得“更加乐观”，这已使纳斯达克综合指数进入调整区域，自2月12日收盘以来，她的旗舰方舟创新基金已上涨近30%峰值。</blockquote></p><p> A 'broadening' of the current market rally, Wood argued, will give her both a chance to add to current positions on stocks such as Tesla&nbsp;(<b>TSLA</b>)&nbsp;and Roku&nbsp;(<b>ROKU</b>)&nbsp;at lower levels while simultaneously moving into so-called pure-play stocks whose growth trajectory is more in-line with the U.S. post-pandemic recovery.</p><p><blockquote>伍德认为，当前市场涨势的“扩大”将使她有机会增加特斯拉等股票的当前头寸（<b>特斯拉</b>）和Roku（<b>ROKU</b>）处于较低水平，同时转向所谓的纯股票，这些股票的增长轨迹更符合美国大流行后的复苏。</blockquote></p><p> “The bull market was broadening out to incorporate value or more cyclical sectors and I thought that was going to be very good news for our strategies longer run,\" Wood said. \"The worst thing that could have happened to us what another tech and telecom bubble where the market narrowed so that only a few groups won.\"</p><p><blockquote>伍德表示：“牛市正在扩大，纳入价值或更具周期性的行业，我认为从长远来看，这对我们的策略来说将是一个非常好的消息。可能发生在我们身上的最糟糕的事情是另一个科技和电信泡沫，市场收窄，只有少数群体获胜。”</blockquote></p><p> Ark Innovation ETF shares were marked 4.6% higher in pre-market trading Tuesday, indicating an opening bell price of $115.34 each, a move that would trim its month-to-date decline to around 25.5%.</p><p><blockquote>Ark Innovation ETF股价周二盘前交易中上涨4.6%，开盘价为每股115.34美元，此举将把本月迄今的跌幅收窄至25.5%左右。</blockquote></p><p> Tesla shares jumped 5.1% in pre-market trading to $591.52 each, while Bitcoin, another key holding in the ARK portfolio, was marked 4.7% higher at just over $54,000.00.</p><p><blockquote>特斯拉股价在盘前交易中上涨5.1%，至每股591.52美元，而ARK投资组合中的另一只主要持股比特币股价上涨4.7%，略高于54,000.00美元。</blockquote></p><p> Short interest in the fund, however, has accelerated amid the recent surge in U.S. Treasury bond yields and the corresponding pullback in tech stocks, particularly Tesla, which has lost nearly $300 billion in market value since its early January peak amid a near 30% decline in its share price.</p><p><blockquote>然而，由于近期美国国债收益率飙升以及科技股相应回调，对该基金的空头兴趣加速，尤其是特斯拉，自1月初的峰值以来，该公司市值已损失近3000亿美元，跌幅近30%。其股价。</blockquote></p><p> Data from S3 Partners indicates around $2.31 billion in currently being bet against the ARK Innovation ETF, a figure that represents around 19.76 million shares, or 10.8% of its outstanding float.</p><p><blockquote>S3 Partners的数据显示，目前ARK Innovation ETF的押注约为23.1亿美元，这一数字约占1,976万股，占其已发行流通股的10.8%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/ark-innovation-rebounds-as-cathie-wood-stands-firm-on-tech-bets\">TheStreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉","ARKK":"ARK Innovation ETF"},"source_url":"https://www.thestreet.com/investing/ark-innovation-rebounds-as-cathie-wood-stands-firm-on-tech-bets","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1115541540","content_text":"Cathie Wood stood in to defend her ARK Innovation ETF late Monday as losses continue to hit the tech-focused fund amid a broader market rotation into value stocks.\nARK Innovation ETF (ARKK) shares rebounded sharply Tuesday star fund manager Cathie Wood stood firm in defense against the recent slump in her tech-focused holdings.\nWood told CNBC late Monday that she was becoming \"more optimistic\" about her portfolios amid the ongoing tech sell-off, which has tipped the Nasdaq Composite into correction territory and hived nearly 30% from her flagship ARK Innovation fund since its February 12 closing peak.\nA 'broadening' of the current market rally, Wood argued, will give her both a chance to add to current positions on stocks such as Tesla (TSLA) and Roku (ROKU) at lower levels while simultaneously moving into so-called pure-play stocks whose growth trajectory is more in-line with the U.S. post-pandemic recovery.\n“The bull market was broadening out to incorporate value or more cyclical sectors and I thought that was going to be very good news for our strategies longer run,\" Wood said. \"The worst thing that could have happened to us what another tech and telecom bubble where the market narrowed so that only a few groups won.\"\nArk Innovation ETF shares were marked 4.6% higher in pre-market trading Tuesday, indicating an opening bell price of $115.34 each, a move that would trim its month-to-date decline to around 25.5%.\nTesla shares jumped 5.1% in pre-market trading to $591.52 each, while Bitcoin, another key holding in the ARK portfolio, was marked 4.7% higher at just over $54,000.00.\nShort interest in the fund, however, has accelerated amid the recent surge in U.S. Treasury bond yields and the corresponding pullback in tech stocks, particularly Tesla, which has lost nearly $300 billion in market value since its early January peak amid a near 30% decline in its share price.\nData from S3 Partners indicates around $2.31 billion in currently being bet against the ARK Innovation ETF, a figure that represents around 19.76 million shares, or 10.8% of its outstanding float.","news_type":1,"symbols_score_info":{"TSLA":0.9,"ARKK":0.9}},"isVote":1,"tweetType":1,"viewCount":363,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":343920058,"gmtCreate":1617670531174,"gmtModify":1634297217671,"author":{"id":"3577530058213588","authorId":"3577530058213588","name":"CloudElijah","avatar":"https://static.tigerbbs.com/33326dad985abfb1c3262337a4b2f3b4","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577530058213588","authorIdStr":"3577530058213588"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/343920058","repostId":"1153914073","repostType":4,"isVote":1,"tweetType":1,"viewCount":2877,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}