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DansonYong

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2021-07-28

Yes

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2021-08-26

Ok

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2021-11-09

Good

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2021-09-14

Yes

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2021-10-20

Wao

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2021-10-18

Yes

Tesla, AT&T, Netflix, ASML, Snap and Other Stocks for Investors to Watch This Week<blockquote>特斯拉、AT&T、Netflix、ASML、Snap等本周值得投资者关注的股票</blockquote>

2021-10-15

Hard say

What Happens When the Fed Tapers?<blockquote>美联储缩减规模会发生什么？</blockquote>

2021-09-20

Ok

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2021-09-07

Yesss

Strategists Say the Stock Market Could Struggle This Fall. What to Buy Now?<blockquote>策略师表示，今年秋天股市可能会陷入困境。现在买什么？</blockquote>

2021-09-03

$New Oriental Education & Technology(EDU)$what happen ? Tiger broker system problem?

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08:07","market":"sg","language":"en","title":"Singapore Stock Market May Take Further Damage On Tuesday<blockquote>新加坡股市周二可能进一步受损</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1153452688","media":"RTTNews","summary":"The Singapore stock market has finished lower in two straight sessions, sinking more than 20 points ","content":"<p>The Singapore stock market has finished lower in two straight sessions, sinking more than 20 points or 0.7 percent along the way. The Straits Times Index now sits just beneath the 3,120-point plateau and it may extend its losses on Tuesday.</p><p><blockquote>新加坡股市连续两个交易日收低，跌幅超过20点或0.7%。海峡时报指数目前略低于3,120点的高位，周二可能会扩大跌幅。</blockquote></p><p> The global forecast for the Asian&nbsp;markets&nbsp;is negative, likely led lower by weakness from the oil and technology stocks. The European and U.S. markets were down and the Asian bourses are tipped to follow that lead.</p><p><blockquote>全球对亚洲市场的预测是负面的，可能是受石油和科技股疲软的影响而走低。欧洲和美国市场下跌，亚洲股市预计也会效仿。</blockquote></p><p> The STI finished modestly lower on Monday as losses from the financial shares and industrials were mitigated by support from the property sector.</p><p><blockquote>由于房地产行业的支持缓解了金融股和工业股的跌幅，海指周一小幅收低。</blockquote></p><p> For the day, the index lost 15.66 points or 0.50 percent to finish at the daily low of 3,119.95 after peaking at 3,161.95. Volume was 1.7 billion shares worth 848.3 million Singapore dollars. There were 253 decliners and 202 gainers.</p><p><blockquote>当天，该指数下跌15.66点或0.50%，收于3119.95点的日低，此前曾触及3161.95点。成交量为17亿股，价值8.483亿新元。下跌股253家，上涨股202家。</blockquote></p><p> Among the actives, Ascendas REIT skidded 0.68 percent, while CapitaLand Integrated Commercial Trust added 0.49 percent, City Developments advanced 0.72 percent, Dairy Farm International plunged 1.34 percent, DBS Group eased 0.19 percent, Genting Singapore sank 0.63 percent, Keppel Corp tanked 1.15 percent, Mapletree Commercial Trust surrendered 0.98 percent, Mapletree Logistics Trust tumbled 1.05 percent, Oversea-Chinese Banking Corporation fell 0.44 percent, SATS shed 0.51 percent, SembCorp Industries plummeted 2.49 percent, Singapore Airlines rose 0.20 percent, Singapore Exchange dropped 0.53 percent, Singapore Technologies Engineering slid 0.26 percent, SingTel retreated 0.82 percent, Thai Beverage jumped 1.50 percent, United Overseas Bank declined 0.86 percent, Wilmar International lost 0.48 percent and Comfort DelGro, Yangzijiang Shipbuilding, Singapore Press Holdings and Hongkong Land were unchanged.</p><p><blockquote>活跃股中，腾飞房地产投资信托下跌0.68%，凯德综合商业信托上涨0.49%，城市发展上涨0.72%，乳业国际下跌1.34%，星展集团下跌0.19%，云顶新加坡下跌0.63%，吉宝企业下跌1.15%，丰树商业信托退保0.98%，丰树物流信托下跌1.05%，华侨银行下跌0.44%，胜科工业暴跌2.49%，新加坡航空上涨0.20%，新加坡技术工程下跌0.53%，新加坡电信下跌0.82%，泰国饮料上涨1.50%，大华银行下跌0.86%，丰益国际下跌0.48%，康福德尔高、扬子江造船、新加坡报业控股和香港置地持平。</blockquote></p><p> The lead from Wall Street is soft as the major averages opened in the red on Monday and stayed under water throughout the trading day.</p><p><blockquote>华尔街的领先优势疲软，主要股指周一开盘下跌，并在整个交易日保持在水下。</blockquote></p><p> The Dow tumbled 320.04 points or 0.89 percent to finish at 35,650.95, while the NASDAQ sank 217.32 points or 1.39 percent to close at 15,413.28 and the S&amp;P 500 lost 43.05 points or 0.91 percent to end at 4,668.97.</p><p><blockquote>道琼斯指数下跌320.04点，跌幅0.89%，收于35,650.95点；纳斯达克下跌217.32点，跌幅1.39%，收于15,413.28点；标普500下跌43.05点，跌幅0.91%，收于4,668.97点。</blockquote></p><p> The pullback on Wall Street reflected profit taking, as traders cashed in on some of the strength in the markets last week. The major averages all moved sharply higher last week, with the S&amp;P 500 ending last Friday's trading at a new record closing high.</p><p><blockquote>华尔街的回调反映了获利了结，交易员从上周市场的部分走强中获利。主要股指上周均大幅走高，标普500上周五收盘创下历史新高。</blockquote></p><p> Traders may also have been moving money out of stocks and into safer havens ahead of the Federal Reserve's money policy announcement on Wednesday.</p><p><blockquote>在美联储周三宣布货币政策之前，交易员也可能一直在将资金从股市转移到更安全的避风港。</blockquote></p><p> The Fed is expected to discuss accelerating the pace of tapering its asset purchase program, with reports suggesting the central bank could double the rate to $30 billion per month.</p><p><blockquote>预计美联储将讨论加快缩减资产购买计划的步伐，有报道称美联储可能会将利率提高一倍至每月300亿美元。</blockquote></p><p> Crude oil futures settled lower on Monday on concerns about the outlook for energy demand amid worries about the impact of the Omicron variant of the&nbsp;coronavirus. West Texas Intermediate Crude oil futures for January ended down by $0.38 or 0.5 percent at $71.29 a barrel.</p><p><blockquote>原油期货周一收低，因担心新冠病毒奥密克戎变种的影响，对能源需求前景感到担忧。西德克萨斯中质原油1月期货收跌0.38美元或0.5%，报每桶71.29美元。</blockquote></p><p></p>","source":"lsy1626938412129","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>Singapore Stock Market May Take Further Damage On Tuesday<blockquote>新加坡股市周二可能进一步受损</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\">\nSingapore Stock Market May Take Further Damage On Tuesday<blockquote>新加坡股市周二可能进一步受损</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">RTTNews</strong><span class=\"h-time small\">2021-12-14 08:07</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Singapore stock market has finished lower in two straight sessions, sinking more than 20 points or 0.7 percent along the way. The Straits Times Index now sits just beneath the 3,120-point plateau and it may extend its losses on Tuesday.</p><p><blockquote>新加坡股市连续两个交易日收低，跌幅超过20点或0.7%。海峡时报指数目前略低于3,120点的高位，周二可能会扩大跌幅。</blockquote></p><p> The global forecast for the Asian&nbsp;markets&nbsp;is negative, likely led lower by weakness from the oil and technology stocks. The European and U.S. markets were down and the Asian bourses are tipped to follow that lead.</p><p><blockquote>全球对亚洲市场的预测是负面的，可能是受石油和科技股疲软的影响而走低。欧洲和美国市场下跌，亚洲股市预计也会效仿。</blockquote></p><p> The STI finished modestly lower on Monday as losses from the financial shares and industrials were mitigated by support from the property sector.</p><p><blockquote>由于房地产行业的支持缓解了金融股和工业股的跌幅，海指周一小幅收低。</blockquote></p><p> For the day, the index lost 15.66 points or 0.50 percent to finish at the daily low of 3,119.95 after peaking at 3,161.95. Volume was 1.7 billion shares worth 848.3 million Singapore dollars. There were 253 decliners and 202 gainers.</p><p><blockquote>当天，该指数下跌15.66点或0.50%，收于3119.95点的日低，此前曾触及3161.95点。成交量为17亿股，价值8.483亿新元。下跌股253家，上涨股202家。</blockquote></p><p> Among the actives, Ascendas REIT skidded 0.68 percent, while CapitaLand Integrated Commercial Trust added 0.49 percent, City Developments advanced 0.72 percent, Dairy Farm International plunged 1.34 percent, DBS Group eased 0.19 percent, Genting Singapore sank 0.63 percent, Keppel Corp tanked 1.15 percent, Mapletree Commercial Trust surrendered 0.98 percent, Mapletree Logistics Trust tumbled 1.05 percent, Oversea-Chinese Banking Corporation fell 0.44 percent, SATS shed 0.51 percent, SembCorp Industries plummeted 2.49 percent, Singapore Airlines rose 0.20 percent, Singapore Exchange dropped 0.53 percent, Singapore Technologies Engineering slid 0.26 percent, SingTel retreated 0.82 percent, Thai Beverage jumped 1.50 percent, United Overseas Bank declined 0.86 percent, Wilmar International lost 0.48 percent and Comfort DelGro, Yangzijiang Shipbuilding, Singapore Press Holdings and Hongkong Land were unchanged.</p><p><blockquote>活跃股中，腾飞房地产投资信托下跌0.68%，凯德综合商业信托上涨0.49%，城市发展上涨0.72%，乳业国际下跌1.34%，星展集团下跌0.19%，云顶新加坡下跌0.63%，吉宝企业下跌1.15%，丰树商业信托退保0.98%，丰树物流信托下跌1.05%，华侨银行下跌0.44%，胜科工业暴跌2.49%，新加坡航空上涨0.20%，新加坡技术工程下跌0.53%，新加坡电信下跌0.82%，泰国饮料上涨1.50%，大华银行下跌0.86%，丰益国际下跌0.48%，康福德尔高、扬子江造船、新加坡报业控股和香港置地持平。</blockquote></p><p> The lead from Wall Street is soft as the major averages opened in the red on Monday and stayed under water throughout the trading day.</p><p><blockquote>华尔街的领先优势疲软，主要股指周一开盘下跌，并在整个交易日保持在水下。</blockquote></p><p> The Dow tumbled 320.04 points or 0.89 percent to finish at 35,650.95, while the NASDAQ sank 217.32 points or 1.39 percent to close at 15,413.28 and the S&amp;P 500 lost 43.05 points or 0.91 percent to end at 4,668.97.</p><p><blockquote>道琼斯指数下跌320.04点，跌幅0.89%，收于35,650.95点；纳斯达克下跌217.32点，跌幅1.39%，收于15,413.28点；标普500下跌43.05点，跌幅0.91%，收于4,668.97点。</blockquote></p><p> The pullback on Wall Street reflected profit taking, as traders cashed in on some of the strength in the markets last week. The major averages all moved sharply higher last week, with the S&amp;P 500 ending last Friday's trading at a new record closing high.</p><p><blockquote>华尔街的回调反映了获利了结，交易员从上周市场的部分走强中获利。主要股指上周均大幅走高，标普500上周五收盘创下历史新高。</blockquote></p><p> Traders may also have been moving money out of stocks and into safer havens ahead of the Federal Reserve's money policy announcement on Wednesday.</p><p><blockquote>在美联储周三宣布货币政策之前，交易员也可能一直在将资金从股市转移到更安全的避风港。</blockquote></p><p> The Fed is expected to discuss accelerating the pace of tapering its asset purchase program, with reports suggesting the central bank could double the rate to $30 billion per month.</p><p><blockquote>预计美联储将讨论加快缩减资产购买计划的步伐，有报道称美联储可能会将利率提高一倍至每月300亿美元。</blockquote></p><p> Crude oil futures settled lower on Monday on concerns about the outlook for energy demand amid worries about the impact of the Omicron variant of the&nbsp;coronavirus. West Texas Intermediate Crude oil futures for January ended down by $0.38 or 0.5 percent at $71.29 a barrel.</p><p><blockquote>原油期货周一收低，因担心新冠病毒奥密克戎变种的影响，对能源需求前景感到担忧。西德克萨斯中质原油1月期货收跌0.38美元或0.5%，报每桶71.29美元。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.rttnews.com/3248927/singapore-stock-market-may-take-further-damage-on-tuesday.aspx?type=glcom\">RTTNews</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":{"STI.SI":"富时新加坡海峡指数"},"source_url":"https://www.rttnews.com/3248927/singapore-stock-market-may-take-further-damage-on-tuesday.aspx?type=glcom","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1153452688","content_text":"The Singapore stock market has finished lower in two straight sessions, sinking more than 20 points or 0.7 percent along the way. The Straits Times Index now sits just beneath the 3,120-point plateau and it may extend its losses on Tuesday.\nThe global forecast for the Asian markets is negative, likely led lower by weakness from the oil and technology stocks. The European and U.S. markets were down and the Asian bourses are tipped to follow that lead.\nThe STI finished modestly lower on Monday as losses from the financial shares and industrials were mitigated by support from the property sector.\nFor the day, the index lost 15.66 points or 0.50 percent to finish at the daily low of 3,119.95 after peaking at 3,161.95. Volume was 1.7 billion shares worth 848.3 million Singapore dollars. There were 253 decliners and 202 gainers.\nAmong the actives, Ascendas REIT skidded 0.68 percent, while CapitaLand Integrated Commercial Trust added 0.49 percent, City Developments advanced 0.72 percent, Dairy Farm International plunged 1.34 percent, DBS Group eased 0.19 percent, Genting Singapore sank 0.63 percent, Keppel Corp tanked 1.15 percent, Mapletree Commercial Trust surrendered 0.98 percent, Mapletree Logistics Trust tumbled 1.05 percent, Oversea-Chinese Banking Corporation fell 0.44 percent, SATS shed 0.51 percent, SembCorp Industries plummeted 2.49 percent, Singapore Airlines rose 0.20 percent, Singapore Exchange dropped 0.53 percent, Singapore Technologies Engineering slid 0.26 percent, SingTel retreated 0.82 percent, Thai Beverage jumped 1.50 percent, United Overseas Bank declined 0.86 percent, Wilmar International lost 0.48 percent and Comfort DelGro, Yangzijiang Shipbuilding, Singapore Press Holdings and Hongkong Land were unchanged.\nThe lead from Wall Street is soft as the major averages opened in the red on Monday and stayed under water throughout the trading day.\nThe Dow tumbled 320.04 points or 0.89 percent to finish at 35,650.95, while the NASDAQ sank 217.32 points or 1.39 percent to close at 15,413.28 and the S&P 500 lost 43.05 points or 0.91 percent to end at 4,668.97.\nThe pullback on Wall Street reflected profit taking, as traders cashed in on some of the strength in the markets last week. The major averages all moved sharply higher last week, with the S&P 500 ending last Friday's trading at a new record closing high.\nTraders may also have been moving money out of stocks and into safer havens ahead of the Federal Reserve's money policy announcement on Wednesday.\nThe Fed is expected to discuss accelerating the pace of tapering its asset purchase program, with reports suggesting the central bank could double the rate to $30 billion per month.\nCrude oil futures settled lower on Monday on concerns about the outlook for energy demand amid worries about the impact of the Omicron variant of the coronavirus. West Texas Intermediate Crude oil futures for January ended down by $0.38 or 0.5 percent at $71.29 a barrel.","news_type":1,"symbols_score_info":{"STI.SI":0.9}},"isVote":1,"tweetType":1,"viewCount":2353,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604422411,"gmtCreate":1639440614693,"gmtModify":1639440615019,"author":{"id":"3577608661218389","authorId":"3577608661218389","name":"DansonYong","avatar":"https://static.tigerbbs.com/d847e6b2cafe58e68ceb1d9adcb8038f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577608661218389","idStr":"3577608661218389"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604422411","repostId":"2191984334","repostType":4,"isVote":1,"tweetType":1,"viewCount":2728,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604593077,"gmtCreate":1639408667183,"gmtModify":1639411173947,"author":{"id":"3577608661218389","authorId":"3577608661218389","name":"DansonYong","avatar":"https://static.tigerbbs.com/d847e6b2cafe58e68ceb1d9adcb8038f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577608661218389","idStr":"3577608661218389"},"themes":[],"htmlText":"Nopee","listText":"Nopee","text":"Nopee","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604593077","repostId":"1180533734","repostType":4,"repost":{"id":"1180533734","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1639407527,"share":"https://www.laohu8.com/m/news/1180533734?lang=zh_CN&edition=full","pubTime":"2021-12-13 22:58","market":"us","language":"en","title":"Tesla slid nearly 4% in morning trading,with its market value falling below $1 trillion again<blockquote>特斯拉早盘跌近4%市值再度跌破1万亿美元</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180533734","media":"Tiger Newspress","summary":"TeslaChief Executive Officer Elon Musk was named Time magazine's 2021 \"Person of the Year\" on Monday.Musk is also the founder and CEO of rocket company SpaceX, and leads brain-chip startup Neuralink and infrastructure firm The Boring Company.However，Cathie Wood-led Ark Invest on Friday sold more shares in Tesla Inc, continuing to book profit in a stock that remains its largest bet.Ark Invest sold a total of 28,345 shares — estimated to be worth $28.83 million based on Friday’s closing  — in the ","content":"<p>Tesla slid nearly 4% in morning trading,with its market value falling below $1 trillion&nbsp;again.<img src=\"https://static.tigerbbs.com/a28dab52e2d7615de33a3796d912329b\" tg-width=\"770\" tg-height=\"573\" referrerpolicy=\"no-referrer\"></p><p><blockquote>特斯拉早盘下跌近4%，市值再次跌破1万亿美元。</blockquote></p><p> Tesla(TSLA.O)Chief Executive Officer Elon Musk was named Time magazine's 2021 \"Person of the Year\" on Monday.</p><p><blockquote>特斯拉(TSLA.O)首席执行官Elon Musk周一被《时代》杂志评为2021年“年度人物”。</blockquote></p><p> Musk is also the founder and CEO of rocket company SpaceX, and leads brain-chip startup Neuralink and infrastructure firm The Boring Company.</p><p><blockquote>马斯克还是火箭公司SpaceX的创始人兼首席执行官，并领导大脑芯片初创公司Neuralink和基础设施公司The Boring Company。</blockquote></p><p> However，<b>Cathie Wood</b>-led&nbsp;<b>Ark Invest</b>&nbsp;on Friday sold more shares in&nbsp;<b>Tesla Inc</b>, continuing to book profit in a stock that remains its largest bet.</p><p><blockquote>然而，<b>凯西·伍德</b>-led<b>方舟投资</b>周五出售了更多股票<b>特斯拉公司</b>，继续在一只仍然是其最大赌注的股票中获利。</blockquote></p><p> Ark Invest sold a total of 28,345 shares — estimated to be worth $28.83 million based on Friday’s closing&nbsp; — in the electric vehicle maker.</p><p><blockquote>Ark Invest总共出售了这家电动汽车制造商的28,345股股票，根据周五收盘价估计价值2883万美元。</blockquote></p><p> Ark Invest sold the shares via the&nbsp;<b>Ark Innovation ETF</b>&nbsp;and the&nbsp;<b>Ark Autonomous Technology &amp; Robotics ETF</b>(BATS:ARKQ) and also holds the stock via the<b>Ark Next Generation Internet ETF</b>(BATS:ARKW) on Friday.</p><p><blockquote>Ark Invest通过<b>方舟创新ETF</b>和<b>Ark自主技术与机器人ETF</b>（BATS：ARKQ）并通过<b>方舟下一代互联网ETF</b>（蝙蝠：ARKW）周五。</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>Tesla slid nearly 4% in morning trading,with its market value falling below $1 trillion again<blockquote>特斯拉早盘跌近4%市值再度跌破1万亿美元</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla slid nearly 4% in morning trading,with its market value falling below $1 trillion again<blockquote>特斯拉早盘跌近4%市值再度跌破1万亿美元</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-13 22:58</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Tesla slid nearly 4% in morning trading,with its market value falling below $1 trillion&nbsp;again.<img src=\"https://static.tigerbbs.com/a28dab52e2d7615de33a3796d912329b\" tg-width=\"770\" tg-height=\"573\" referrerpolicy=\"no-referrer\"></p><p><blockquote>特斯拉早盘下跌近4%，市值再次跌破1万亿美元。</blockquote></p><p> Tesla(TSLA.O)Chief Executive Officer Elon Musk was named Time magazine's 2021 \"Person of the Year\" on Monday.</p><p><blockquote>特斯拉(TSLA.O)首席执行官Elon Musk周一被《时代》杂志评为2021年“年度人物”。</blockquote></p><p> Musk is also the founder and CEO of rocket company SpaceX, and leads brain-chip startup Neuralink and infrastructure firm The Boring Company.</p><p><blockquote>马斯克还是火箭公司SpaceX的创始人兼首席执行官，并领导大脑芯片初创公司Neuralink和基础设施公司The Boring Company。</blockquote></p><p> However，<b>Cathie Wood</b>-led&nbsp;<b>Ark Invest</b>&nbsp;on Friday sold more shares in&nbsp;<b>Tesla Inc</b>, continuing to book profit in a stock that remains its largest bet.</p><p><blockquote>然而，<b>凯西·伍德</b>-led<b>方舟投资</b>周五出售了更多股票<b>特斯拉公司</b>，继续在一只仍然是其最大赌注的股票中获利。</blockquote></p><p> Ark Invest sold a total of 28,345 shares — estimated to be worth $28.83 million based on Friday’s closing&nbsp; — in the electric vehicle maker.</p><p><blockquote>Ark Invest总共出售了这家电动汽车制造商的28,345股股票，根据周五收盘价估计价值2883万美元。</blockquote></p><p> Ark Invest sold the shares via the&nbsp;<b>Ark Innovation ETF</b>&nbsp;and the&nbsp;<b>Ark Autonomous Technology &amp; Robotics ETF</b>(BATS:ARKQ) and also holds the stock via the<b>Ark Next Generation Internet ETF</b>(BATS:ARKW) on Friday.</p><p><blockquote>Ark Invest通过<b>方舟创新ETF</b>和<b>Ark自主技术与机器人ETF</b>（BATS：ARKQ）并通过<b>方舟下一代互联网ETF</b>（蝙蝠：ARKW）周五。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180533734","content_text":"Tesla slid nearly 4% in morning trading,with its market value falling below $1 trillion again.\nTesla(TSLA.O)Chief Executive Officer Elon Musk was named Time magazine's 2021 \"Person of the Year\" on Monday.\nMusk is also the founder and CEO of rocket company SpaceX, and leads brain-chip startup Neuralink and infrastructure firm The Boring Company.\nHowever，Cathie Wood-led Ark Invest on Friday sold more shares in Tesla Inc, continuing to book profit in a stock that remains its largest bet.\nArk Invest sold a total of 28,345 shares — estimated to be worth $28.83 million based on Friday’s closing  — in the electric vehicle maker.\nArk Invest sold the shares via the Ark Innovation ETF and the Ark Autonomous Technology & Robotics ETF(BATS:ARKQ) and also holds the stock via theArk Next Generation Internet ETF(BATS:ARKW) on Friday.","news_type":1,"symbols_score_info":{"TSLA":0.9}},"isVote":1,"tweetType":1,"viewCount":3285,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604599710,"gmtCreate":1639408657933,"gmtModify":1639409588040,"author":{"id":"3577608661218389","authorId":"3577608661218389","name":"DansonYong","avatar":"https://static.tigerbbs.com/d847e6b2cafe58e68ceb1d9adcb8038f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577608661218389","idStr":"3577608661218389"},"themes":[],"htmlText":"Alrightt","listText":"Alrightt","text":"Alrightt","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/604599710","repostId":"1120567981","repostType":4,"repost":{"id":"1120567981","kind":"news","pubTimestamp":1639407851,"share":"https://www.laohu8.com/m/news/1120567981?lang=zh_CN&edition=full","pubTime":"2021-12-13 23:04","market":"us","language":"en","title":"Supreme Court asks U.S. government for views on Bayer weedkiller case<blockquote>最高法院就拜耳除草剂案征求美国政府意见</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1120567981","media":"Reuters","summary":"The U.S. Supreme Court on Monday asked President Joe Biden's administration for its views on whether","content":"<p>The U.S. Supreme Court on Monday asked President Joe Biden's administration for its views on whether the justices should hear Bayer AG's(BAYGn.DE)bid to dismiss claims by customers who contend its Roundup weedkiller causes cancer, as the company seeks to avoid potentially billions of dollars in damages.</p><p><blockquote>美国最高法院周一询问总统乔·拜登政府对法官是否应该听取拜耳公司(BAYGn.DE)驳回客户声称其农达除草剂致癌的索赔的意见，因为该公司寻求避免潜在的数十亿美元的损失。</blockquote></p><p> Bayer in August&nbsp;filed a petition&nbsp;with the Supreme Court to reverse a lower court decision that upheld $25 million in damages awarded to California resident Edwin Hardeman, a Roundup user who blamed his cancer on the German pharmaceutical and chemical giant's glyphosate-based weedkillers. The Supreme Court's decision on whether to take up the matter is being closely watched as Bayer maneuvers to limit its legal liability in thousands of cases.</p><p><blockquote>8月份，拜耳向最高法院提交了一份请愿书，要求推翻下级法院的一项裁决，该裁决维持了加州居民埃德温·哈德曼(Edwin Hardeman)2500万美元的赔偿金。埃德温·哈德曼是一名农达用户，他将自己的癌症归咎于这家德国制药和化工巨头的草甘膦除草剂。随着拜耳试图限制其在数千起案件中的法律责任，最高法院关于是否受理此事的决定正受到密切关注。</blockquote></p><p> U.S. Solicitor General Elizabeth Prelogar in the coming months is due to file a brief expressing the administration's views.</p><p><blockquote>美国副检察长伊丽莎白·普雷洛加(Elizabeth Prelogar)将在未来几个月提交一份简报，表达政府的观点。</blockquote></p><p> Bayer has&nbsp;lost three appeals&nbsp;against verdicts that sided with users of Roundup, awarding them tens of millions of dollars each. The company has pinned hopes for relief on the conservative-majority Supreme Court, which has a reputation for being pro-business.</p><p><blockquote>拜耳在三次上诉中败诉了站在农达用户一边的判决，每人判给他们数千万美元。该公司将救济的希望寄托在保守派占多数的最高法院上，该法院以亲商而闻名。</blockquote></p><p> Bayer asked the Supreme Court to review the verdict in Hardeman's case, which was&nbsp;upheld&nbsp;by the San Francisco-based 9th U.S. Circuit Court of Appeals in May. Hardeman had regularly used Roundup for 26 years at his home in northern California before being diagnosed with a form of non-Hodgkin's lymphoma.</p><p><blockquote>拜耳要求最高法院审查哈德曼案件的判决，总部位于旧金山的美国第九巡回上诉法院于5月维持了这一判决。在被诊断出患有一种非霍奇金淋巴瘤之前，哈德曼在北加州的家中经常使用农达26年。</blockquote></p><p> There are more than 25,000 related claims Bayer has not settled yet.</p><p><blockquote>拜耳尚未解决的相关索赔超过25,000起。</blockquote></p><p> Bayer, which also makes aspirin, Yasmin birth-control pills and the stroke prevention drug Xarelto among other products, has argued that the cancer claims over Roundup and its active ingredient glyphosate go against sound science and product clearance from the U.S. Environmental Protection Agency. The EPA has upheld guidance that glyphosate is not carcinogenic and not a risk to public health when used as indicated on the label.</p><p><blockquote>拜耳还生产阿司匹林、Yasmin避孕药和中风预防药物Xarelto等产品，该公司辩称，农达及其活性成分草甘膦的癌症声明违背了健全的科学和美国环境保护局的产品许可。美国环保署坚持草甘膦的指导方针，即当按照标签上的指示使用时，草甘膦不会致癌，也不会对公众健康构成风险。</blockquote></p><p> Bayer has said it should not be penalized for marketing a product deemed safe by the EPA and on which the agency would not allow a cancer warning to be printed.</p><p><blockquote>拜耳表示，它不应该因为销售一种被美国环保署认为安全的产品而受到处罚，该机构不允许在该产品上印有癌症警告。</blockquote></p><p> The lawsuits against Bayer have said the company should have warned customers of the alleged cancer risk. Bayer wants the Supreme Court to find that the EPA label approval under a federal law called the Federal Insecticide, Fungicide and Rodenticide Act preempts the \"failure to warn\" claims brought under state law.</p><p><blockquote>针对拜耳的诉讼称，该公司应该警告客户所谓的癌症风险。拜耳希望最高法院认定，根据一项名为《联邦杀虫剂、杀真菌剂和灭鼠剂法案》的联邦法律，环保局的标签批准优先于根据州法律提出的“未能警告”索赔。</blockquote></p><p> Roundup-related lawsuits have dogged Bayer since it acquired the brand as part of its $63 billion purchase of agricultural seeds and pesticides maker Monsanto in 2018.</p><p><blockquote>自2018年拜耳斥资630亿美元收购农业种子和农药制造商孟山都公司的一部分收购该品牌以来，与农达相关的诉讼一直困扰着拜耳。</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>Supreme Court asks U.S. government for views on Bayer weedkiller case<blockquote>最高法院就拜耳除草剂案征求美国政府意见</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\">\nSupreme Court asks U.S. government for views on Bayer weedkiller case<blockquote>最高法院就拜耳除草剂案征求美国政府意见</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Reuters</strong><span class=\"h-time small\">2021-12-13 23:04</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The U.S. Supreme Court on Monday asked President Joe Biden's administration for its views on whether the justices should hear Bayer AG's(BAYGn.DE)bid to dismiss claims by customers who contend its Roundup weedkiller causes cancer, as the company seeks to avoid potentially billions of dollars in damages.</p><p><blockquote>美国最高法院周一询问总统乔·拜登政府对法官是否应该听取拜耳公司(BAYGn.DE)驳回客户声称其农达除草剂致癌的索赔的意见，因为该公司寻求避免潜在的数十亿美元的损失。</blockquote></p><p> Bayer in August&nbsp;filed a petition&nbsp;with the Supreme Court to reverse a lower court decision that upheld $25 million in damages awarded to California resident Edwin Hardeman, a Roundup user who blamed his cancer on the German pharmaceutical and chemical giant's glyphosate-based weedkillers. The Supreme Court's decision on whether to take up the matter is being closely watched as Bayer maneuvers to limit its legal liability in thousands of cases.</p><p><blockquote>8月份，拜耳向最高法院提交了一份请愿书，要求推翻下级法院的一项裁决，该裁决维持了加州居民埃德温·哈德曼(Edwin Hardeman)2500万美元的赔偿金。埃德温·哈德曼是一名农达用户，他将自己的癌症归咎于这家德国制药和化工巨头的草甘膦除草剂。随着拜耳试图限制其在数千起案件中的法律责任，最高法院关于是否受理此事的决定正受到密切关注。</blockquote></p><p> U.S. Solicitor General Elizabeth Prelogar in the coming months is due to file a brief expressing the administration's views.</p><p><blockquote>美国副检察长伊丽莎白·普雷洛加(Elizabeth Prelogar)将在未来几个月提交一份简报，表达政府的观点。</blockquote></p><p> Bayer has&nbsp;lost three appeals&nbsp;against verdicts that sided with users of Roundup, awarding them tens of millions of dollars each. The company has pinned hopes for relief on the conservative-majority Supreme Court, which has a reputation for being pro-business.</p><p><blockquote>拜耳在三次上诉中败诉了站在农达用户一边的判决，每人判给他们数千万美元。该公司将救济的希望寄托在保守派占多数的最高法院上，该法院以亲商而闻名。</blockquote></p><p> Bayer asked the Supreme Court to review the verdict in Hardeman's case, which was&nbsp;upheld&nbsp;by the San Francisco-based 9th U.S. Circuit Court of Appeals in May. Hardeman had regularly used Roundup for 26 years at his home in northern California before being diagnosed with a form of non-Hodgkin's lymphoma.</p><p><blockquote>拜耳要求最高法院审查哈德曼案件的判决，总部位于旧金山的美国第九巡回上诉法院于5月维持了这一判决。在被诊断出患有一种非霍奇金淋巴瘤之前，哈德曼在北加州的家中经常使用农达26年。</blockquote></p><p> There are more than 25,000 related claims Bayer has not settled yet.</p><p><blockquote>拜耳尚未解决的相关索赔超过25,000起。</blockquote></p><p> Bayer, which also makes aspirin, Yasmin birth-control pills and the stroke prevention drug Xarelto among other products, has argued that the cancer claims over Roundup and its active ingredient glyphosate go against sound science and product clearance from the U.S. Environmental Protection Agency. The EPA has upheld guidance that glyphosate is not carcinogenic and not a risk to public health when used as indicated on the label.</p><p><blockquote>拜耳还生产阿司匹林、Yasmin避孕药和中风预防药物Xarelto等产品，该公司辩称，农达及其活性成分草甘膦的癌症声明违背了健全的科学和美国环境保护局的产品许可。美国环保署坚持草甘膦的指导方针，即当按照标签上的指示使用时，草甘膦不会致癌，也不会对公众健康构成风险。</blockquote></p><p> Bayer has said it should not be penalized for marketing a product deemed safe by the EPA and on which the agency would not allow a cancer warning to be printed.</p><p><blockquote>拜耳表示，它不应该因为销售一种被美国环保署认为安全的产品而受到处罚，该机构不允许在该产品上印有癌症警告。</blockquote></p><p> The lawsuits against Bayer have said the company should have warned customers of the alleged cancer risk. Bayer wants the Supreme Court to find that the EPA label approval under a federal law called the Federal Insecticide, Fungicide and Rodenticide Act preempts the \"failure to warn\" claims brought under state law.</p><p><blockquote>针对拜耳的诉讼称，该公司应该警告客户所谓的癌症风险。拜耳希望最高法院认定，根据一项名为《联邦杀虫剂、杀真菌剂和灭鼠剂法案》的联邦法律，环保局的标签批准优先于根据州法律提出的“未能警告”索赔。</blockquote></p><p> Roundup-related lawsuits have dogged Bayer since it acquired the brand as part of its $63 billion purchase of agricultural seeds and pesticides maker Monsanto in 2018.</p><p><blockquote>自2018年拜耳斥资630亿美元收购农业种子和农药制造商孟山都公司的一部分收购该品牌以来，与农达相关的诉讼一直困扰着拜耳。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/legal/government/supreme-court-asks-us-government-views-bayer-weedkiller-case-2021-12-13/\">Reuters</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":{"BAYRY":"Bayer A.G."},"source_url":"https://www.reuters.com/legal/government/supreme-court-asks-us-government-views-bayer-weedkiller-case-2021-12-13/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1120567981","content_text":"The U.S. Supreme Court on Monday asked President Joe Biden's administration for its views on whether the justices should hear Bayer AG's(BAYGn.DE)bid to dismiss claims by customers who contend its Roundup weedkiller causes cancer, as the company seeks to avoid potentially billions of dollars in damages.\nBayer in August filed a petition with the Supreme Court to reverse a lower court decision that upheld $25 million in damages awarded to California resident Edwin Hardeman, a Roundup user who blamed his cancer on the German pharmaceutical and chemical giant's glyphosate-based weedkillers. The Supreme Court's decision on whether to take up the matter is being closely watched as Bayer maneuvers to limit its legal liability in thousands of cases.\nU.S. Solicitor General Elizabeth Prelogar in the coming months is due to file a brief expressing the administration's views.\nBayer has lost three appeals against verdicts that sided with users of Roundup, awarding them tens of millions of dollars each. The company has pinned hopes for relief on the conservative-majority Supreme Court, which has a reputation for being pro-business.\nBayer asked the Supreme Court to review the verdict in Hardeman's case, which was upheld by the San Francisco-based 9th U.S. Circuit Court of Appeals in May. Hardeman had regularly used Roundup for 26 years at his home in northern California before being diagnosed with a form of non-Hodgkin's lymphoma.\nThere are more than 25,000 related claims Bayer has not settled yet.\nBayer, which also makes aspirin, Yasmin birth-control pills and the stroke prevention drug Xarelto among other products, has argued that the cancer claims over Roundup and its active ingredient glyphosate go against sound science and product clearance from the U.S. Environmental Protection Agency. The EPA has upheld guidance that glyphosate is not carcinogenic and not a risk to public health when used as indicated on the label.\nBayer has said it should not be penalized for marketing a product deemed safe by the EPA and on which the agency would not allow a cancer warning to be printed.\nThe lawsuits against Bayer have said the company should have warned customers of the alleged cancer risk. Bayer wants the Supreme Court to find that the EPA label approval under a federal law called the Federal Insecticide, Fungicide and Rodenticide Act preempts the \"failure to warn\" claims brought under state law.\nRoundup-related lawsuits have dogged Bayer since it acquired the brand as part of its $63 billion purchase of agricultural seeds and pesticides maker Monsanto in 2018.","news_type":1,"symbols_score_info":{"BAYRY":0.9}},"isVote":1,"tweetType":1,"viewCount":3138,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604599490,"gmtCreate":1639408648502,"gmtModify":1639409586633,"author":{"id":"3577608661218389","authorId":"3577608661218389","name":"DansonYong","avatar":"https://static.tigerbbs.com/d847e6b2cafe58e68ceb1d9adcb8038f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577608661218389","idStr":"3577608661218389"},"themes":[],"htmlText":"Yess","listText":"Yess","text":"Yess","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604599490","repostId":"1180743412","repostType":4,"repost":{"id":"1180743412","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1639408228,"share":"https://www.laohu8.com/m/news/1180743412?lang=zh_CN&edition=full","pubTime":"2021-12-13 23:10","market":"us","language":"en","title":"Trump stocks slid sharply in morning trading ,with DWAC and Phunware falling over 5%<blockquote>特朗普股票早盘大幅下滑，DWAC和Phunware跌超5%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1180743412","media":"Tiger Newspress","summary":"Trump stocks slid sharply in morning trading ,with DWAC and Phunware falling over 5%.","content":"<p>Trump stocks slid sharply in morning trading ,with DWAC and Phunware falling over 5%.<img src=\"https://static.tigerbbs.com/8c494e3841010c65a07f05aaacf0d443\" tg-width=\"772\" tg-height=\"573\" width=\"100%\" height=\"auto\"></p><p><blockquote>特朗普股票早盘大幅下滑，DWAC和Phunware跌幅超过5%。</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>Trump stocks slid sharply in morning trading ,with DWAC and Phunware falling over 5%<blockquote>特朗普股票早盘大幅下滑，DWAC和Phunware跌超5%</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\">\nTrump stocks slid sharply in morning trading ,with DWAC and Phunware falling over 5%<blockquote>特朗普股票早盘大幅下滑，DWAC和Phunware跌超5%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-13 23:10</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Trump stocks slid sharply in morning trading ,with DWAC and Phunware falling over 5%.<img src=\"https://static.tigerbbs.com/8c494e3841010c65a07f05aaacf0d443\" tg-width=\"772\" tg-height=\"573\" width=\"100%\" height=\"auto\"></p><p><blockquote>特朗普股票早盘大幅下滑，DWAC和Phunware跌幅超过5%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"PHUN":"Phunware, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1180743412","content_text":"Trump stocks slid sharply in morning trading ,with DWAC and Phunware falling over 5%.","news_type":1,"symbols_score_info":{"DWAC":0.9,"PHUN":0.9}},"isVote":1,"tweetType":1,"viewCount":2635,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604599559,"gmtCreate":1639408640207,"gmtModify":1639409584893,"author":{"id":"3577608661218389","authorId":"3577608661218389","name":"DansonYong","avatar":"https://static.tigerbbs.com/d847e6b2cafe58e68ceb1d9adcb8038f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577608661218389","idStr":"3577608661218389"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/604599559","repostId":"1171271872","repostType":4,"repost":{"id":"1171271872","kind":"news","pubTimestamp":1639348466,"share":"https://www.laohu8.com/m/news/1171271872?lang=zh_CN&edition=full","pubTime":"2021-12-13 06:34","market":"us","language":"en","title":"Rivian,Adobe,FedEx,Lennar,Campbell Soup,and Other Stocks to Watch This Week<blockquote>Rivian、Adobe、联邦快递、Lennar、金宝汤等本周值得关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1171271872","media":"Barrons","summary":"The main event for investors this week will be the Federal Reserve’s rate-setting committee’s last meeting of 2021. Recent commentary from officials has leaned more hawkish, setting up a potential announcement of plans to accelerate monthly asset purchase tapering.The Federal Open Market Committee’s two-day meeting takes place on Tuesday and Wednesday.Earnings reports this week are few, but will include Campbell Soup on Tuesday;Lennar,Accenture,FedEx,Rivian Automotive, and Adobe on Thursday; and","content":"<p>The main event for investors this week will be the Federal Reserve’s rate-setting committee’s&nbsp;last meeting of 2021. Recent commentary from officials has leaned more hawkish, setting up a potential announcement of plans to accelerate monthly asset purchase tapering.</p><p><blockquote>本周投资者的主要事件将是美联储利率制定委员会2021年的最后一次会议。官员们最近的评论更加鹰派，可能会宣布加速每月资产购买缩减的计划。</blockquote></p><p> The Federal Open Market Committee’s two-day meeting takes place on Tuesday and Wednesday.</p><p><blockquote>联邦公开市场委员会为期两天的会议将于周二和周三举行。</blockquote></p><p> Earnings reports this week are few, but will include&nbsp;Campbell Soup&nbsp;on Tuesday;Lennar,Accenture,FedEx,Rivian&nbsp;Automotive, and&nbsp;Adobe&nbsp;on Thursday; and&nbsp;Darden Restaurants&nbsp;on Friday.</p><p><blockquote>本周的财报很少，但周二将包括金宝汤；Lennar、Accenture、FedEx、Rivian汽车和Adobe周四；周五还有达顿餐厅。</blockquote></p><p> Economic data coming out this week includes the Bureau of Labor Statistics’ producer price index for November on Tuesday. Economists expect a 0.55% month-over-month rise for the headline index and a 0.4% gain for the core PPI. Those would both roughly match October’s pace of producer inflation.</p><p><blockquote>本周公布的经济数据包括美国劳工统计局周二公布的11月份生产者价格指数。经济学家预计整体指数环比上涨0.55%，核心PPI上涨0.4%。这两者都与10月份的生产者通胀速度大致相当。</blockquote></p><p> Other data releases include the National Federation of Independent Businesses’ sentiment&nbsp;index on Tuesday, November retail-sales spending from the Census Bureau on Wednesday, and the November housing starts on Thursday.</p><p><blockquote>其他发布的数据包括周二全国独立企业联合会的信心指数、周三人口普查局公布的11月零售支出以及周四公布的11月新屋开工率。</blockquote></p><p> <b>Monday 12/13</b></p><p><blockquote><b>星期一12/13</b></blockquote></p><p> J.Jill&nbsp;and&nbsp;PHX Minerals&nbsp;host earnings conference calls.</p><p><blockquote>J.Jill和PHX Minerals在评级举办收益会议。</blockquote></p><p> <b>Tuesday 12/14</b></p><p><blockquote><b>星期二12/14</b></blockquote></p><p> Campbell Soup, Barnes Group, and&nbsp;Avaya Holdings&nbsp;host investor days.</p><p><blockquote>金宝汤、巴恩斯集团和Avaya Holdings举办投资者日。</blockquote></p><p> <b>The Bureau of Labor</b>&nbsp;Statistics releases the producer price index for November. Consensus estimate is for a 0.55% month-over-month rise, and for the core PPI, which excludes food and energy, to gain 0.4%. This compares with increases of 0.6% and 0.4%, respectively, in October.</p><p><blockquote><b>劳工局</b>统计局发布11月份生产者价格指数。市场普遍预计环比上涨0.55%，不包括食品和能源的核心PPI将上涨0.4%。相比之下，10月份的增幅分别为0.6%和0.4%。</blockquote></p><p> <b>The National Federation</b>&nbsp;of Independent Businesses reports its index, which surveys about 5,000 small-business owners across the country, for November. Expectations call for a reading of 98.3, compared with 98.2 in October.</p><p><blockquote><b>全国联合会</b>独立企业报告了11月份的指数，该指数调查了全国约5,000名小企业主。预期看涨期权为98.3，而10月份为98.2。</blockquote></p><p> <b>Wednesday 12/15</b></p><p><blockquote><b>星期三12/15</b></blockquote></p><p> <b>The Federal Open Market Committee</b> concludes its two-day meeting, when policy makers will discuss accelerating the timetable for tapering monthly securities purchases.</p><p><blockquote><b>联邦公开市场委员会</b>结束了为期两天的会议，届时政策制定者将讨论加快缩减月度证券购买的时间表。</blockquote></p><p> <b>The BLS reports</b> export and import price data for November. Expectations are for a 0.5% month-over-month rise in export prices, while import prices are seen increasing 0.5%. This compares with gains of 1.5% and 1.2%, respectively, in October.</p><p><blockquote><b>劳工统计局报告</b>11月进出口价格数据。预计出口价格环比上涨0.5%，而进口价格预计上涨0.5%。相比之下，10月份的涨幅分别为1.5%和1.2%。</blockquote></p><p> <b>The National Association</b> of Home Builders releases its NAHB/Wells Fargo Housing Market Index for December. Consensus estimate is for an 84 reading, compared with an 83 reading in November. The index peaked at 90 late last year, and home builders remain bullish on the housing market.</p><p><blockquote><b>全国协会</b>房屋建筑商协会发布了12月份NAHB/富国银行住房市场指数。普遍估计读数为84，而11月份的读数为83。该指数去年年底达到90的峰值，房屋建筑商仍然看好房地产市场。</blockquote></p><p> <b>The Census Bureau</b> reports on retail-sales spending for November. Expectations are for a seasonally adjusted 0.7% month-over-month increase in retail sales, compared with a 1.7% rise in October. Excluding autos, spending is seen rising 0.8%, compared with 1.7% in the previous period.</p><p><blockquote><b>人口普查局</b>11月份零售支出报告。预计经季节调整后零售额环比增长0.7%，而10月份为增长1.7%。不包括汽车在内，支出预计将增长0.8%，而上一时期为1.7%。</blockquote></p><p> <b>Thursday 12/16</b></p><p><blockquote><b>星期四12/16</b></blockquote></p><p> Heico,Lennar, Accenture, FedEx, Jabil, Adobe, Rivian Automotive, and Nordson are among companies hosting earnings conference calls.</p><p><blockquote>Heico、Lennar、Accenture、FedEx、Jabil、Adobe、Rivian汽车和Nordson等公司在评级举办财报会议。</blockquote></p><p> <b>The Census Bureau</b>releases its New Residential Construction report for November. The seasonally adjusted annual rate of housing starts is expected to be 1.563 million units, compared with 1.52 million in October. A housing start is counted when excavation begins on a home. Permits issued for new-home construction are expected to be 1.655 million, compared with 1.653 million in October.</p><p><blockquote><b>人口普查局</b>发布11月份新的住宅建设报告。季调后成屋开工年率料为156.3万套，10月为152万套。当房屋开始挖掘时，房屋开工被计算在内。新房建设许可证预计为165.5万份，而10月份为165.3万份。</blockquote></p><p> <b>The Bank of England</b> announces its interest-rate decision and publishes the minutes of the meeting.</p><p><blockquote><b>英格兰银行</b>宣布利率决定并公布会议记录。</blockquote></p><p> <b>The Federal Reserve</b> releases industrial production data for November. Economists are looking for a 0.6% rise, after a 1.6% increase in October. Capacity utilization is expected at 76.8, roughly in line with October’s 76.4%.</p><p><blockquote><b>美联储</b>公布11月份工业生产数据。继10月份增长1.6%后，经济学家预计增长0.6%。产能利用率预计为76.8，与10月份的76.4%大致一致。</blockquote></p><p> <b>Friday 12/17</b></p><p><blockquote><b>星期五12/17</b></blockquote></p><p> Steelcase,Darden Restaurants, and&nbsp;Quanex Building Products&nbsp;host earnings conference calls.</p><p><blockquote>Steelcase、Darden Restaurants和Quanex Building Products在评级举办收益会议。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Rivian,Adobe,FedEx,Lennar,Campbell Soup,and Other Stocks to Watch This Week<blockquote>Rivian、Adobe、联邦快递、Lennar、金宝汤等本周值得关注的股票</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\">\nRivian,Adobe,FedEx,Lennar,Campbell Soup,and Other Stocks to Watch This Week<blockquote>Rivian、Adobe、联邦快递、Lennar、金宝汤等本周值得关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-12-13 06:34</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The main event for investors this week will be the Federal Reserve’s rate-setting committee’s&nbsp;last meeting of 2021. Recent commentary from officials has leaned more hawkish, setting up a potential announcement of plans to accelerate monthly asset purchase tapering.</p><p><blockquote>本周投资者的主要事件将是美联储利率制定委员会2021年的最后一次会议。官员们最近的评论更加鹰派，可能会宣布加速每月资产购买缩减的计划。</blockquote></p><p> The Federal Open Market Committee’s two-day meeting takes place on Tuesday and Wednesday.</p><p><blockquote>联邦公开市场委员会为期两天的会议将于周二和周三举行。</blockquote></p><p> Earnings reports this week are few, but will include&nbsp;Campbell Soup&nbsp;on Tuesday;Lennar,Accenture,FedEx,Rivian&nbsp;Automotive, and&nbsp;Adobe&nbsp;on Thursday; and&nbsp;Darden Restaurants&nbsp;on Friday.</p><p><blockquote>本周的财报很少，但周二将包括金宝汤；Lennar、Accenture、FedEx、Rivian汽车和Adobe周四；周五还有达顿餐厅。</blockquote></p><p> Economic data coming out this week includes the Bureau of Labor Statistics’ producer price index for November on Tuesday. Economists expect a 0.55% month-over-month rise for the headline index and a 0.4% gain for the core PPI. Those would both roughly match October’s pace of producer inflation.</p><p><blockquote>本周公布的经济数据包括美国劳工统计局周二公布的11月份生产者价格指数。经济学家预计整体指数环比上涨0.55%，核心PPI上涨0.4%。这两者都与10月份的生产者通胀速度大致相当。</blockquote></p><p> Other data releases include the National Federation of Independent Businesses’ sentiment&nbsp;index on Tuesday, November retail-sales spending from the Census Bureau on Wednesday, and the November housing starts on Thursday.</p><p><blockquote>其他发布的数据包括周二全国独立企业联合会的信心指数、周三人口普查局公布的11月零售支出以及周四公布的11月新屋开工率。</blockquote></p><p> <b>Monday 12/13</b></p><p><blockquote><b>星期一12/13</b></blockquote></p><p> J.Jill&nbsp;and&nbsp;PHX Minerals&nbsp;host earnings conference calls.</p><p><blockquote>J.Jill和PHX Minerals在评级举办收益会议。</blockquote></p><p> <b>Tuesday 12/14</b></p><p><blockquote><b>星期二12/14</b></blockquote></p><p> Campbell Soup, Barnes Group, and&nbsp;Avaya Holdings&nbsp;host investor days.</p><p><blockquote>金宝汤、巴恩斯集团和Avaya Holdings举办投资者日。</blockquote></p><p> <b>The Bureau of Labor</b>&nbsp;Statistics releases the producer price index for November. Consensus estimate is for a 0.55% month-over-month rise, and for the core PPI, which excludes food and energy, to gain 0.4%. This compares with increases of 0.6% and 0.4%, respectively, in October.</p><p><blockquote><b>劳工局</b>统计局发布11月份生产者价格指数。市场普遍预计环比上涨0.55%，不包括食品和能源的核心PPI将上涨0.4%。相比之下，10月份的增幅分别为0.6%和0.4%。</blockquote></p><p> <b>The National Federation</b>&nbsp;of Independent Businesses reports its index, which surveys about 5,000 small-business owners across the country, for November. Expectations call for a reading of 98.3, compared with 98.2 in October.</p><p><blockquote><b>全国联合会</b>独立企业报告了11月份的指数，该指数调查了全国约5,000名小企业主。预期看涨期权为98.3，而10月份为98.2。</blockquote></p><p> <b>Wednesday 12/15</b></p><p><blockquote><b>星期三12/15</b></blockquote></p><p> <b>The Federal Open Market Committee</b> concludes its two-day meeting, when policy makers will discuss accelerating the timetable for tapering monthly securities purchases.</p><p><blockquote><b>联邦公开市场委员会</b>结束了为期两天的会议，届时政策制定者将讨论加快缩减月度证券购买的时间表。</blockquote></p><p> <b>The BLS reports</b> export and import price data for November. Expectations are for a 0.5% month-over-month rise in export prices, while import prices are seen increasing 0.5%. This compares with gains of 1.5% and 1.2%, respectively, in October.</p><p><blockquote><b>劳工统计局报告</b>11月进出口价格数据。预计出口价格环比上涨0.5%，而进口价格预计上涨0.5%。相比之下，10月份的涨幅分别为1.5%和1.2%。</blockquote></p><p> <b>The National Association</b> of Home Builders releases its NAHB/Wells Fargo Housing Market Index for December. Consensus estimate is for an 84 reading, compared with an 83 reading in November. The index peaked at 90 late last year, and home builders remain bullish on the housing market.</p><p><blockquote><b>全国协会</b>房屋建筑商协会发布了12月份NAHB/富国银行住房市场指数。普遍估计读数为84，而11月份的读数为83。该指数去年年底达到90的峰值，房屋建筑商仍然看好房地产市场。</blockquote></p><p> <b>The Census Bureau</b> reports on retail-sales spending for November. Expectations are for a seasonally adjusted 0.7% month-over-month increase in retail sales, compared with a 1.7% rise in October. Excluding autos, spending is seen rising 0.8%, compared with 1.7% in the previous period.</p><p><blockquote><b>人口普查局</b>11月份零售支出报告。预计经季节调整后零售额环比增长0.7%，而10月份为增长1.7%。不包括汽车在内，支出预计将增长0.8%，而上一时期为1.7%。</blockquote></p><p> <b>Thursday 12/16</b></p><p><blockquote><b>星期四12/16</b></blockquote></p><p> Heico,Lennar, Accenture, FedEx, Jabil, Adobe, Rivian Automotive, and Nordson are among companies hosting earnings conference calls.</p><p><blockquote>Heico、Lennar、Accenture、FedEx、Jabil、Adobe、Rivian汽车和Nordson等公司在评级举办财报会议。</blockquote></p><p> <b>The Census Bureau</b>releases its New Residential Construction report for November. The seasonally adjusted annual rate of housing starts is expected to be 1.563 million units, compared with 1.52 million in October. A housing start is counted when excavation begins on a home. Permits issued for new-home construction are expected to be 1.655 million, compared with 1.653 million in October.</p><p><blockquote><b>人口普查局</b>发布11月份新的住宅建设报告。季调后成屋开工年率料为156.3万套，10月为152万套。当房屋开始挖掘时，房屋开工被计算在内。新房建设许可证预计为165.5万份，而10月份为165.3万份。</blockquote></p><p> <b>The Bank of England</b> announces its interest-rate decision and publishes the minutes of the meeting.</p><p><blockquote><b>英格兰银行</b>宣布利率决定并公布会议记录。</blockquote></p><p> <b>The Federal Reserve</b> releases industrial production data for November. Economists are looking for a 0.6% rise, after a 1.6% increase in October. Capacity utilization is expected at 76.8, roughly in line with October’s 76.4%.</p><p><blockquote><b>美联储</b>公布11月份工业生产数据。继10月份增长1.6%后，经济学家预计增长0.6%。产能利用率预计为76.8，与10月份的76.4%大致一致。</blockquote></p><p> <b>Friday 12/17</b></p><p><blockquote><b>星期五12/17</b></blockquote></p><p> Steelcase,Darden Restaurants, and&nbsp;Quanex Building Products&nbsp;host earnings conference calls.</p><p><blockquote>Steelcase、Darden Restaurants和Quanex Building Products在评级举办收益会议。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/stocks-to-watch-this-week-fedex-rivian-lennar-campbell-adobe-51639330550?mod=hp_LEAD_3\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","LEN":"莱纳建筑公司","FDX":"联邦快递","SCS":"Steelcase Inc.","PHX":"潘汉德尔油气","ADBE":"Adobe","DRI":"达登饭店","RIVN":"Rivian Automotive, Inc.","CPB":"金宝汤",".IXIC":"NASDAQ Composite","HEI":"海科航空","ACN":"埃森哲","JILL":"J.Jill Inc.",".DJI":"道琼斯"},"source_url":"https://www.barrons.com/articles/stocks-to-watch-this-week-fedex-rivian-lennar-campbell-adobe-51639330550?mod=hp_LEAD_3","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171271872","content_text":"The main event for investors this week will be the Federal Reserve’s rate-setting committee’s last meeting of 2021. Recent commentary from officials has leaned more hawkish, setting up a potential announcement of plans to accelerate monthly asset purchase tapering.\nThe Federal Open Market Committee’s two-day meeting takes place on Tuesday and Wednesday.\nEarnings reports this week are few, but will include Campbell Soup on Tuesday;Lennar,Accenture,FedEx,Rivian Automotive, and Adobe on Thursday; and Darden Restaurants on Friday.\nEconomic data coming out this week includes the Bureau of Labor Statistics’ producer price index for November on Tuesday. Economists expect a 0.55% month-over-month rise for the headline index and a 0.4% gain for the core PPI. Those would both roughly match October’s pace of producer inflation.\nOther data releases include the National Federation of Independent Businesses’ sentiment index on Tuesday, November retail-sales spending from the Census Bureau on Wednesday, and the November housing starts on Thursday.\nMonday 12/13\nJ.Jill and PHX Minerals host earnings conference calls.\nTuesday 12/14\nCampbell Soup, Barnes Group, and Avaya Holdings host investor days.\nThe Bureau of Labor Statistics releases the producer price index for November. Consensus estimate is for a 0.55% month-over-month rise, and for the core PPI, which excludes food and energy, to gain 0.4%. This compares with increases of 0.6% and 0.4%, respectively, in October.\nThe National Federation of Independent Businesses reports its index, which surveys about 5,000 small-business owners across the country, for November. Expectations call for a reading of 98.3, compared with 98.2 in October.\nWednesday 12/15\nThe Federal Open Market Committee concludes its two-day meeting, when policy makers will discuss accelerating the timetable for tapering monthly securities purchases.\nThe BLS reports export and import price data for November. Expectations are for a 0.5% month-over-month rise in export prices, while import prices are seen increasing 0.5%. This compares with gains of 1.5% and 1.2%, respectively, in October.\nThe National Association of Home Builders releases its NAHB/Wells Fargo Housing Market Index for December. Consensus estimate is for an 84 reading, compared with an 83 reading in November. The index peaked at 90 late last year, and home builders remain bullish on the housing market.\nThe Census Bureau reports on retail-sales spending for November. Expectations are for a seasonally adjusted 0.7% month-over-month increase in retail sales, compared with a 1.7% rise in October. Excluding autos, spending is seen rising 0.8%, compared with 1.7% in the previous period.\nThursday 12/16\nHeico,Lennar, Accenture, FedEx, Jabil, Adobe, Rivian Automotive, and Nordson are among companies hosting earnings conference calls.\nThe Census Bureaureleases its New Residential Construction report for November. The seasonally adjusted annual rate of housing starts is expected to be 1.563 million units, compared with 1.52 million in October. A housing start is counted when excavation begins on a home. Permits issued for new-home construction are expected to be 1.655 million, compared with 1.653 million in October.\nThe Bank of England announces its interest-rate decision and publishes the minutes of the meeting.\nThe Federal Reserve releases industrial production data for November. Economists are looking for a 0.6% rise, after a 1.6% increase in October. Capacity utilization is expected at 76.8, roughly in line with October’s 76.4%.\nFriday 12/17\nSteelcase,Darden Restaurants, and Quanex Building Products host earnings conference calls.","news_type":1,"symbols_score_info":{"ADBE":0.9,"PHX":0.9,".DJI":0.9,"AVYA":0.9,".IXIC":0.9,"CPB":0.9,".SPX":0.9,"JILL":0.9,"HEI":0.9,"LEN":0.9,"DRI":0.9,"ACN":0.9,"FDX":0.9,"RIVN":0.9,"SCS":0.9}},"isVote":1,"tweetType":1,"viewCount":3342,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":604599685,"gmtCreate":1639408633394,"gmtModify":1639409583521,"author":{"id":"3577608661218389","authorId":"3577608661218389","name":"DansonYong","avatar":"https://static.tigerbbs.com/d847e6b2cafe58e68ceb1d9adcb8038f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577608661218389","idStr":"3577608661218389"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/604599685","repostId":"1189054531","repostType":4,"repost":{"id":"1189054531","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1639406050,"share":"https://www.laohu8.com/m/news/1189054531?lang=zh_CN&edition=full","pubTime":"2021-12-13 22:34","market":"us","language":"en","title":"U.S. stocks open softer to kick off second full week of December ahead of Fed meeting<blockquote>美联储会议前美国股市开盘走软，开启12月第二整周</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1189054531","media":"Tiger Newspress","summary":"The S&P 500 was steady on Monday after the index notched its best week since February and a fresh re","content":"<p>The S&amp;P 500 was steady on Monday after the index notched its best week since February and a fresh record close, rebounding from a big sell-off triggered by fears of the omicron coronavirus variant.</p><p><blockquote>周一，标普500保持稳定，此前该指数创下2月份以来最好的一周，并创下新的收盘纪录，从对omicron冠状病毒变种的担忧引发的大幅抛售中反弹。</blockquote></p><p> The S&amp;P 500 inched down 0.1% and sits about 0.8% from its intra-day record. The Dow Jones Industrial Average traded 30 points lower, or 0.1%. The technology-focused Nasdaq Composite was down 0.15%.</p><p><blockquote>标普500小幅下跌0.1%，较盘中纪录下跌约0.8%。道琼斯工业平均指数下跌30点，即0.1%。以科技股为主的纳斯达克综合指数下跌0.15%。</blockquote></p><p> Modernashares were among the strongest gainers Monday, rising 3% a day after the White House’s top infectious disease expert Dr. Anthony Faucicalled Covid booster shots “optimal care,”but said the definition of fully vaccinated would not change.</p><p><blockquote>Modernashares是周一涨幅最大的股票之一，在白宫顶级传染病专家Anthony Fauci博士称Covid加强注射为“最佳护理”后，一天上涨3%，但表示完全接种疫苗的定义不会改变。</blockquote></p><p> Elsewhere,Apple&nbsp;moved closer in its quest to become the market’s first $3 trillion company, gaining about 1% following an upgrade from JP Morgan.</p><p><blockquote>在其他方面，苹果在成为市场上第一家价值3万亿美元的公司方面更进一步，在摩根大通上调评级后上涨了约1%。</blockquote></p><p> Monday’s action followed a strong week on Wall Street as investors shrugged off&nbsp;a hot inflation reading. The blue-chip Dow gained 4% last week, breaking a four-week losing streak with its best weekly performance since March. The S&amp;P 500 and the Nasdaq Composite jumped 3.8% and 3.6%, respectively, last week, both posting their best weekly performance since early February.</p><p><blockquote>周一的行动是在华尔街经历了强劲的一周之后进行的，投资者对火爆的通胀数据不屑一顾。蓝筹股道指上周上涨4%，打破四周连跌，创3月以来最佳单周表现。标普500和纳斯达克综合指数上周分别上涨3.8%和3.6%，均创下2月初以来的最佳单周表现。</blockquote></p><p> Investors digested a jump in headline inflation data, which&nbsp;came in at 6.8% in November&nbsp;year-over-year for the biggest surge since 1982.&nbsp;The print was marginally higher than the 6.7% Dow Jones estimate.</p><p><blockquote>投资者消化了整体通胀数据的大幅上涨，11月份通胀数据同比增长6.8%，创1982年以来最大增幅。该数据略高于道琼斯6.7%的预期。</blockquote></p><p> “The fact is that inflation is likely to remain on the higher side for a while and risks of sticky inflation remain, although we believe that the passing of base effects and the easing of supply chain constraints by the end of the first quarter of next year should slowly bring inflation down to more comfortable levels,” Rick Rieder, BlackRock’s chief investment officer of global fixed income, said in a note.</p><p><blockquote>贝莱德全球固定收益首席投资官Rick Rieder在一份报告中表示：“事实是，通胀可能会在一段时间内保持偏高，粘性通胀的风险依然存在，尽管我们认为明年第一季度末基数效应的过去和供应链限制的缓解应该会慢慢将通胀降至更舒适的水平。”</blockquote></p><p> The key inflation reading came ahead of the Federal Reserve’s two-day policy meeting this week where the policymakers are expected to discuss speeding up the end of its bond-buying program.</p><p><blockquote>关键的通胀数据是在美联储本周举行为期两天的政策会议之前发布的，预计政策制定者将在会上讨论加快结束债券购买计划。</blockquote></p><p> Fed Chair Jerome Powell, as well as&nbsp;a parade of Fed speakers, all recently suggested the central bank could end the $120 billion monthly bond purchase program sooner than the current timeline of June 2022.</p><p><blockquote>美联储主席杰罗姆·鲍威尔以及一系列美联储发言人最近都表示，美联储可能会比目前的2022年6月时间表更早结束每月1200亿美元的债券购买计划。</blockquote></p><p> “We believe markets can continue to&nbsp;take a higher inflation reading in their stride, though additional volatility remains a risk. With Fed policy staying relatively accommodative, the backdrop for equities is still positive, and we favor winners from global growth,” said Mark Haefele, Chief Investment Officer of UBS Global Wealth Management.</p><p><blockquote>马克·海菲尔表示：“我们相信，尽管额外的波动仍然是一个风险，但市场可以继续从容应对更高的通胀数据。由于美联储政策保持相对宽松，股市的背景仍然是积极的，我们看好全球增长的赢家。”瑞银全球财富管理首席投资官。</blockquote></p><p> Stocks bounced back last week as investors bet that the initial worry about the Covid strain is overblown. Many also took solace in thenews from Pfizer and BioNTechthat a study found three doses of their vaccine provides a high level of protection against the variant.</p><p><blockquote>上周股市反弹，因为投资者押注最初对新冠病毒株的担忧被夸大了。许多人还从辉瑞和BioNTech的消息中感到安慰，一项研究发现他们的三剂疫苗提供了针对该变种的高水平保护。</blockquote></p><p> As of Sunday, the&nbsp;U.S. was approaching&nbsp;800,000 coronavirus-related deaths. The new variant has pushed some government officials to reinstate health restrictions to slow the spread.</p><p><blockquote>截至周日，美国。与冠状病毒相关的死亡人数接近80万。这种新变种促使一些政府官员恢复健康限制以减缓传播。</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>U.S. stocks open softer to kick off second full week of December ahead of Fed meeting<blockquote>美联储会议前美国股市开盘走软，开启12月第二整周</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\">\nU.S. stocks open softer to kick off second full week of December ahead of Fed meeting<blockquote>美联储会议前美国股市开盘走软，开启12月第二整周</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-12-13 22:34</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>The S&amp;P 500 was steady on Monday after the index notched its best week since February and a fresh record close, rebounding from a big sell-off triggered by fears of the omicron coronavirus variant.</p><p><blockquote>周一，标普500保持稳定，此前该指数创下2月份以来最好的一周，并创下新的收盘纪录，从对omicron冠状病毒变种的担忧引发的大幅抛售中反弹。</blockquote></p><p> The S&amp;P 500 inched down 0.1% and sits about 0.8% from its intra-day record. The Dow Jones Industrial Average traded 30 points lower, or 0.1%. The technology-focused Nasdaq Composite was down 0.15%.</p><p><blockquote>标普500小幅下跌0.1%，较盘中纪录下跌约0.8%。道琼斯工业平均指数下跌30点，即0.1%。以科技股为主的纳斯达克综合指数下跌0.15%。</blockquote></p><p> Modernashares were among the strongest gainers Monday, rising 3% a day after the White House’s top infectious disease expert Dr. Anthony Faucicalled Covid booster shots “optimal care,”but said the definition of fully vaccinated would not change.</p><p><blockquote>Modernashares是周一涨幅最大的股票之一，在白宫顶级传染病专家Anthony Fauci博士称Covid加强注射为“最佳护理”后，一天上涨3%，但表示完全接种疫苗的定义不会改变。</blockquote></p><p> Elsewhere,Apple&nbsp;moved closer in its quest to become the market’s first $3 trillion company, gaining about 1% following an upgrade from JP Morgan.</p><p><blockquote>在其他方面，苹果在成为市场上第一家价值3万亿美元的公司方面更进一步，在摩根大通上调评级后上涨了约1%。</blockquote></p><p> Monday’s action followed a strong week on Wall Street as investors shrugged off&nbsp;a hot inflation reading. The blue-chip Dow gained 4% last week, breaking a four-week losing streak with its best weekly performance since March. The S&amp;P 500 and the Nasdaq Composite jumped 3.8% and 3.6%, respectively, last week, both posting their best weekly performance since early February.</p><p><blockquote>周一的行动是在华尔街经历了强劲的一周之后进行的，投资者对火爆的通胀数据不屑一顾。蓝筹股道指上周上涨4%，打破四周连跌，创3月以来最佳单周表现。标普500和纳斯达克综合指数上周分别上涨3.8%和3.6%，均创下2月初以来的最佳单周表现。</blockquote></p><p> Investors digested a jump in headline inflation data, which&nbsp;came in at 6.8% in November&nbsp;year-over-year for the biggest surge since 1982.&nbsp;The print was marginally higher than the 6.7% Dow Jones estimate.</p><p><blockquote>投资者消化了整体通胀数据的大幅上涨，11月份通胀数据同比增长6.8%，创1982年以来最大增幅。该数据略高于道琼斯6.7%的预期。</blockquote></p><p> “The fact is that inflation is likely to remain on the higher side for a while and risks of sticky inflation remain, although we believe that the passing of base effects and the easing of supply chain constraints by the end of the first quarter of next year should slowly bring inflation down to more comfortable levels,” Rick Rieder, BlackRock’s chief investment officer of global fixed income, said in a note.</p><p><blockquote>贝莱德全球固定收益首席投资官Rick Rieder在一份报告中表示：“事实是，通胀可能会在一段时间内保持偏高，粘性通胀的风险依然存在，尽管我们认为明年第一季度末基数效应的过去和供应链限制的缓解应该会慢慢将通胀降至更舒适的水平。”</blockquote></p><p> The key inflation reading came ahead of the Federal Reserve’s two-day policy meeting this week where the policymakers are expected to discuss speeding up the end of its bond-buying program.</p><p><blockquote>关键的通胀数据是在美联储本周举行为期两天的政策会议之前发布的，预计政策制定者将在会上讨论加快结束债券购买计划。</blockquote></p><p> Fed Chair Jerome Powell, as well as&nbsp;a parade of Fed speakers, all recently suggested the central bank could end the $120 billion monthly bond purchase program sooner than the current timeline of June 2022.</p><p><blockquote>美联储主席杰罗姆·鲍威尔以及一系列美联储发言人最近都表示，美联储可能会比目前的2022年6月时间表更早结束每月1200亿美元的债券购买计划。</blockquote></p><p> “We believe markets can continue to&nbsp;take a higher inflation reading in their stride, though additional volatility remains a risk. With Fed policy staying relatively accommodative, the backdrop for equities is still positive, and we favor winners from global growth,” said Mark Haefele, Chief Investment Officer of UBS Global Wealth Management.</p><p><blockquote>马克·海菲尔表示：“我们相信，尽管额外的波动仍然是一个风险，但市场可以继续从容应对更高的通胀数据。由于美联储政策保持相对宽松，股市的背景仍然是积极的，我们看好全球增长的赢家。”瑞银全球财富管理首席投资官。</blockquote></p><p> Stocks bounced back last week as investors bet that the initial worry about the Covid strain is overblown. Many also took solace in thenews from Pfizer and BioNTechthat a study found three doses of their vaccine provides a high level of protection against the variant.</p><p><blockquote>上周股市反弹，因为投资者押注最初对新冠病毒株的担忧被夸大了。许多人还从辉瑞和BioNTech的消息中感到安慰，一项研究发现他们的三剂疫苗提供了针对该变种的高水平保护。</blockquote></p><p> As of Sunday, the&nbsp;U.S. was approaching&nbsp;800,000 coronavirus-related deaths. The new variant has pushed some government officials to reinstate health restrictions to slow the spread.</p><p><blockquote>截至周日，美国。与冠状病毒相关的死亡人数接近80万。这种新变种促使一些政府官员恢复健康限制以减缓传播。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189054531","content_text":"The S&P 500 was steady on Monday after the index notched its best week since February and a fresh record close, rebounding from a big sell-off triggered by fears of the omicron coronavirus variant.\nThe S&P 500 inched down 0.1% and sits about 0.8% from its intra-day record. The Dow Jones Industrial Average traded 30 points lower, or 0.1%. The technology-focused Nasdaq Composite was down 0.15%.\nModernashares were among the strongest gainers Monday, rising 3% a day after the White House’s top infectious disease expert Dr. Anthony Faucicalled Covid booster shots “optimal care,”but said the definition of fully vaccinated would not change.\nElsewhere,Apple moved closer in its quest to become the market’s first $3 trillion company, gaining about 1% following an upgrade from JP Morgan.\nMonday’s action followed a strong week on Wall Street as investors shrugged off a hot inflation reading. The blue-chip Dow gained 4% last week, breaking a four-week losing streak with its best weekly performance since March. The S&P 500 and the Nasdaq Composite jumped 3.8% and 3.6%, respectively, last week, both posting their best weekly performance since early February.\nInvestors digested a jump in headline inflation data, which came in at 6.8% in November year-over-year for the biggest surge since 1982. The print was marginally higher than the 6.7% Dow Jones estimate.\n“The fact is that inflation is likely to remain on the higher side for a while and risks of sticky inflation remain, although we believe that the passing of base effects and the easing of supply chain constraints by the end of the first quarter of next year should slowly bring inflation down to more comfortable levels,” Rick Rieder, BlackRock’s chief investment officer of global fixed income, said in a note.\nThe key inflation reading came ahead of the Federal Reserve’s two-day policy meeting this week where the policymakers are expected to discuss speeding up the end of its bond-buying program.\nFed Chair Jerome Powell, as well as a parade of Fed speakers, all recently suggested the central bank could end the $120 billion monthly bond purchase program sooner than the current timeline of June 2022.\n“We believe markets can continue to take a higher inflation reading in their stride, though additional volatility remains a risk. With Fed policy staying relatively accommodative, the backdrop for equities is still positive, and we favor winners from global growth,” said Mark Haefele, Chief Investment Officer of UBS Global Wealth Management.\nStocks bounced back last week as investors bet that the initial worry about the Covid strain is overblown. Many also took solace in thenews from Pfizer and BioNTechthat a study found three doses of their vaccine provides a high level of protection against the variant.\nAs of Sunday, the U.S. was approaching 800,000 coronavirus-related deaths. The new variant has pushed some government officials to reinstate health restrictions to slow the spread.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":3424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":602365867,"gmtCreate":1638974019259,"gmtModify":1638974019608,"author":{"id":"3577608661218389","authorId":"3577608661218389","name":"DansonYong","avatar":"https://static.tigerbbs.com/d847e6b2cafe58e68ceb1d9adcb8038f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577608661218389","idStr":"3577608661218389"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/602365867","repostId":"606755423","repostType":1,"repost":{"id":606755423,"gmtCreate":1638931672259,"gmtModify":1638933427672,"author":{"id":"3527667596890271","authorId":"3527667596890271","name":"Buy_Sell","avatar":"https://static.tigerbbs.com/a5f0ed79a338c758a22e0b4ea13bf9d2","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3527667596890271","idStr":"3527667596890271"},"themes":[],"title":"🚀【12月8日】中概普涨，美股连续第二日收高，今天什么值得买？","htmlText":"聊聊今日份的交易想法，包括对于大盘走势后续的看法？看涨/看跌哪只股票、晒晒单等等。 港股市场 12月8日，恒生指数开盘上涨106.36点，涨幅0.44%，报24090.02点；国企指数开盘上涨34.9点，涨幅0.41%，报8562.02点；红筹指数开盘上涨21.42点，涨幅0.56%，报3860.98点。 恒生科技指数涨0.52%，大型科技股多数延续昨日反弹行情，<a target=\"_blank\" href=\"https://laohu8.com/S/09626\">$哔哩哔哩-SW(09626)$</a> 涨近5%，<a target=\"_blank\" href=\"https://laohu8.com/S/03690\">$美团-W(03690)$</a> 涨1.7%，<a target=\"_blank\" href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/09888\">$百度集团-SW(09888)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/00700\">$腾讯控股(00700)$</a> 小幅高开，惟昨日领衔大涨的<a target=\"_blank\" href=\"https://laohu8.com/S/09988\">$阿里巴巴-SW(09988)$</a> 低开3%； 内房股与物管股继续走强，体育用品股、互联网医疗股、光伏股、濠赌股、药品股普遍高开，<a target=\"_blank\" href=\"https://laohu8.com/S/00960\">$龙湖集团(00960)$</a> 涨近5%，","listText":"聊聊今日份的交易想法，包括对于大盘走势后续的看法？看涨/看跌哪只股票、晒晒单等等。 港股市场 12月8日，恒生指数开盘上涨106.36点，涨幅0.44%，报24090.02点；国企指数开盘上涨34.9点，涨幅0.41%，报8562.02点；红筹指数开盘上涨21.42点，涨幅0.56%，报3860.98点。 恒生科技指数涨0.52%，大型科技股多数延续昨日反弹行情，<a target=\"_blank\" href=\"https://laohu8.com/S/09626\">$哔哩哔哩-SW(09626)$</a> 涨近5%，<a target=\"_blank\" href=\"https://laohu8.com/S/03690\">$美团-W(03690)$</a> 涨1.7%，<a target=\"_blank\" href=\"https://laohu8.com/S/01810\">$小米集团-W(01810)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/09888\">$百度集团-SW(09888)$</a> 、<a target=\"_blank\" href=\"https://laohu8.com/S/00700\">$腾讯控股(00700)$</a> 小幅高开，惟昨日领衔大涨的<a target=\"_blank\" href=\"https://laohu8.com/S/09988\">$阿里巴巴-SW(09988)$</a> 低开3%； 内房股与物管股继续走强，体育用品股、互联网医疗股、光伏股、濠赌股、药品股普遍高开，<a target=\"_blank\" href=\"https://laohu8.com/S/00960\">$龙湖集团(00960)$</a> 涨近5%，","text":"聊聊今日份的交易想法，包括对于大盘走势后续的看法？看涨/看跌哪只股票、晒晒单等等。 港股市场 12月8日，恒生指数开盘上涨106.36点，涨幅0.44%，报24090.02点；国企指数开盘上涨34.9点，涨幅0.41%，报8562.02点；红筹指数开盘上涨21.42点，涨幅0.56%，报3860.98点。 恒生科技指数涨0.52%，大型科技股多数延续昨日反弹行情，$哔哩哔哩-SW(09626)$ 涨近5%，$美团-W(03690)$ 涨1.7%，$小米集团-W(01810)$ 、$百度集团-SW(09888)$ 、$腾讯控股(00700)$ 小幅高开，惟昨日领衔大涨的$阿里巴巴-SW(09988)$ 低开3%； 内房股与物管股继续走强，体育用品股、互联网医疗股、光伏股、濠赌股、药品股普遍高开，$龙湖集团(00960)$ 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stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1636468371,"share":"https://www.laohu8.com/m/news/1127916319?lang=zh_CN&edition=full","pubTime":"2021-11-09 22:32","market":"us","language":"en","title":"Dow hovers near record, GE surges on break-up plan<blockquote>道琼斯指数徘徊在纪录附近，通用电气因分拆计划而飙升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1127916319","media":"Tiger Newspress","summary":"Stocks open Tuesday morning on a mixed note, with investors taking a breather after yet another reco","content":"<p>Stocks open Tuesday morning on a mixed note, with investors taking a breather after yet another record-setting session on Wall Street.</p><p><blockquote>周二上午股市开盘涨跌互现，投资者在华尔街又一次创纪录的交易日后休息一下。</blockquote></p><p> At the opening bell, the S&amp;P 500 and Nasdaq eked out marginal new records, after the blue-chip index closed out an eighth straight day of gains on Monday, to notch a fresh record high and close above the 4,700 threshold for the first time ever. Although the Dow gave back gains in early trading, the index is still perched within view of its record high.</p><p><blockquote>开盘时，标普500和纳斯达克指数小幅刷新纪录，此前蓝筹股指数周一连续第八天上涨，创下历史新高，并首次收于4,700点关口上方。尽管道琼斯指数在早盘交易中回吐涨幅，但该指数仍处于历史新高的视野之内。</blockquote></p><p> Equity investors rode an extended wave of optimism over solid quarterly corporate earnings and&nbsp;economic reports,which came alongside recent positive data for a new COVID-19 antiviral pill from Pfizer (PFE) and the passage of a more than $1 trillion infrastructure bill in Congress. With about 89% of S&amp;P 500 companies having posted quarterly results, the projected earnings growth rate for the index in aggregate stands at nearly 40%,according to FactSet. And this growth rate has continued to creep higher over the past several weeks as more companies topped expectations.</p><p><blockquote>股票投资者对稳健的季度企业盈利和经济报告持乐观态度，与此同时，辉瑞(PFE)的新型COVID-19抗病毒药物最近出现了积极数据，国会通过了超过1万亿美元的基础设施法案。FactSet的数据显示，约89%的标普500公司已公布季度业绩，该指数的总体盈利增长率预计接近40%。随着越来越多的公司超出预期，这一增长率在过去几周继续攀升。</blockquote></p><p> “I still think it’s all about corporate profits. I know a lot of my peers are concerned that peak earnings growth is behind us,” Marci McGregor, Bank of America Merrill Lynch senior investment strategist,told Yahoo Finance Live.“But I think peak earnings isn’t even a 2022 story. We’re seeing solid consumer demand, a strong U.S. economy, and I think we’re going to have a capex cycle in 2022. And I think that’s all positive for corporate profits, and that underpins this market, in my view.”</p><p><blockquote>美银美林高级投资策略师Marci McGregor告诉雅虎财经直播：“我仍然认为这一切都与企业利润有关。我知道我的很多同行都担心盈利增长峰值已经过去。但我认为盈利峰值甚至不是2022年的故事。我们看到了强劲的消费者需求，强劲的美国经济，我认为我们将在2022年迎来资本支出周期。我认为这对企业利润都是积极的，在我看来，这支撑了这个市场。”</blockquote></p><p> Earnings results after market close on Monday came in mixed. Roblox (RBLX) shares surged after posting third-quarter bookings that exceeded Wall Street's estimates, with the gaming platform growing further even after an initial stay-at-home-related boost in usage. PayPal (PYPL) shares turned lower, however, as investors homed in on the payments company's disappointing full-year outlook. This overshadowed its announcement of a new pact with&nbsp;Amazon (AMZN) to accept Venmo for payments next year.AMC Entertainment (AMC) also fell despite topping quarterly sales estimates, with the meme stock giving back some gains after a 2,000% run-up so far for the year-to-date.</p><p><blockquote>周一收盘后的盈利结果好坏参半。Roblox(RBLX)公布第三季度预订量超出华尔街预期后股价飙升，即使在最初与居家相关的使用量增长之后，该游戏平台仍在进一步增长。然而，由于投资者关注这家支付公司令人失望的全年前景，PayPal(PYPL)股价走低。这掩盖了其与亚马逊(AMZN)宣布的明年接受Venmo付款的新协议。AMC Entertainment(AMC)尽管季度销售额超出预期，但也下跌，该meme股票在上涨2,000%后回吐了一些涨幅今年迄今为止。</blockquote></p><p> In quarterly reports and analyst calls, a host of companies have cited constraints around getting raw materials, filling job openings, managing rising input costs and delivering products and services to end users.</p><p><blockquote>在季度报告和分析师评级中，许多公司都提到了在获取原材料、填补职位空缺、管理不断上涨的投入成本以及向最终用户提供产品和服务方面的限制。</blockquote></p><p> According to Bank of America, mentions of supply chains on quarterly earnings calls have surged by 360% compared to last year, underscoring the widespread nature of these pressures. These supply-related issues have also contributed to still-elevated inflationary trends. Tuesday's Producer Price Index from the Bureau of Labor Statistics showed that producer prices rose by 8.6% over last year, matching October's rate for the fastest on record in data going back to Nov. 2010.</p><p><blockquote>据美银称，与去年相比，评级季度财报中提及供应链的次数激增了360%，凸显了这些压力的普遍性。这些与供应相关的问题也导致了通胀趋势仍然居高不下。美国劳工统计局(Bureau of Labor Statistics)周二公布的生产者价格指数显示，生产者价格比去年上涨8.6%，与10月份的涨幅持平，为2010年11月以来的数据记录中最快涨幅。</blockquote></p><p> \"I would expect inflation to peak by mid-year 2022. It should remain elevated but it should move lower in the back half of 2022,\" Kristina Hooper, Invesco chief global market strategist,told Yahoo Finance Live.\"So while this is certainly an issue, it is part of what we should expect coming out of the pandemic.</p><p><blockquote>景顺首席全球市场策略师克里斯蒂娜·胡珀(Kristina Hooper)对雅虎财经直播表示：“我预计通胀将在2022年年中见顶。通胀应该会保持高位，但在2022年下半年应该会走低。因此，虽然这肯定是一个问题，但这是我们应该从大流行中期待的一部分。”</blockquote></p><p> \"We have gotten out of a burning building, but we should expect that there is a little smoke and water damage as a result,\" Hooper added. \"That’s really what we’re experiencing with elevated inflation and supply chain disruptions.”</p><p><blockquote>胡珀补充说：“我们已经从燃烧的建筑物中出来，但我们应该预计会有一些烟雾和水的损害。”“这确实是我们所经历的通胀上升和供应链中断的情况。”</blockquote></p><p> —</p><p><blockquote>—</blockquote></p><p> 9:30 a.m. ET: Stocks open mixed as investors take a breather</p><p><blockquote>美国东部时间上午9:30：投资者喘口气，股市开盘涨跌互现</blockquote></p><p> Here were the main moves in markets as of 9:30 a.m. ET:</p><p><blockquote>以下是截至美国东部时间上午9:30的市场主要走势：</blockquote></p><p> <ul>  <li><b>S&amp;P 500 (^GSPC)</b>: 4,707.89,+6.19 (+0.13%)</p><p><blockquote><ul><li><b>标普500(^GSPC)</b>：4,707.89,+6.19(+0.13%)</li></ul></blockquote></p><p></li>  <li><b>Dow (^DJI)</b>: 36,387.50, -44.72 (-0.12%)</p><p><blockquote><li><b>道指(^DJI)</b>：36,387.50,-44.72(-0.12%)</li></blockquote></p><p></li>  <li><b>Nasdaq (^IXIC)</b>: 16,007.08, +24.73 (+0.15%)</p><p><blockquote><li><b>纳斯达克(^IXIC)</b>：16,007.08,+24.73(+0.15%)</li></blockquote></p><p></li>  <li><b>Crude (CL=F)</b>: $82.46 per barrel,+0.53 (+0.65%)</p><p><blockquote><li><b>粗品（CL=F）</b>：每桶82.46美元，+0.53(+0.65%)</li></blockquote></p><p></li>  <li><b>Gold (GC=F)</b>: $1,829.70,+$1.70 (+0.09%)</p><p><blockquote><li><b>金（GC=F）</b>：$1,829.70,+$1.70(+0.09%)</li></blockquote></p><p></li>  <li><b>10-year Treasury (^TNX)</b>: -4.4 bps to yield 1.4480%</p><p><blockquote><li><b>10年期国债(^TNX)</b>：-4.4 bps至收益率1.4480%</li></blockquote></p><p></li> </ul></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; 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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\">\nDow hovers near record, GE surges on break-up plan<blockquote>道琼斯指数徘徊在纪录附近，通用电气因分拆计划而飙升</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-09 22:32</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Stocks open Tuesday morning on a mixed note, with investors taking a breather after yet another record-setting session on Wall Street.</p><p><blockquote>周二上午股市开盘涨跌互现，投资者在华尔街又一次创纪录的交易日后休息一下。</blockquote></p><p> At the opening bell, the S&amp;P 500 and Nasdaq eked out marginal new records, after the blue-chip index closed out an eighth straight day of gains on Monday, to notch a fresh record high and close above the 4,700 threshold for the first time ever. Although the Dow gave back gains in early trading, the index is still perched within view of its record high.</p><p><blockquote>开盘时，标普500和纳斯达克指数小幅刷新纪录，此前蓝筹股指数周一连续第八天上涨，创下历史新高，并首次收于4,700点关口上方。尽管道琼斯指数在早盘交易中回吐涨幅，但该指数仍处于历史新高的视野之内。</blockquote></p><p> Equity investors rode an extended wave of optimism over solid quarterly corporate earnings and&nbsp;economic reports,which came alongside recent positive data for a new COVID-19 antiviral pill from Pfizer (PFE) and the passage of a more than $1 trillion infrastructure bill in Congress. With about 89% of S&amp;P 500 companies having posted quarterly results, the projected earnings growth rate for the index in aggregate stands at nearly 40%,according to FactSet. And this growth rate has continued to creep higher over the past several weeks as more companies topped expectations.</p><p><blockquote>股票投资者对稳健的季度企业盈利和经济报告持乐观态度，与此同时，辉瑞(PFE)的新型COVID-19抗病毒药物最近出现了积极数据，国会通过了超过1万亿美元的基础设施法案。FactSet的数据显示，约89%的标普500公司已公布季度业绩，该指数的总体盈利增长率预计接近40%。随着越来越多的公司超出预期，这一增长率在过去几周继续攀升。</blockquote></p><p> “I still think it’s all about corporate profits. I know a lot of my peers are concerned that peak earnings growth is behind us,” Marci McGregor, Bank of America Merrill Lynch senior investment strategist,told Yahoo Finance Live.“But I think peak earnings isn’t even a 2022 story. We’re seeing solid consumer demand, a strong U.S. economy, and I think we’re going to have a capex cycle in 2022. And I think that’s all positive for corporate profits, and that underpins this market, in my view.”</p><p><blockquote>美银美林高级投资策略师Marci McGregor告诉雅虎财经直播：“我仍然认为这一切都与企业利润有关。我知道我的很多同行都担心盈利增长峰值已经过去。但我认为盈利峰值甚至不是2022年的故事。我们看到了强劲的消费者需求，强劲的美国经济，我认为我们将在2022年迎来资本支出周期。我认为这对企业利润都是积极的，在我看来，这支撑了这个市场。”</blockquote></p><p> Earnings results after market close on Monday came in mixed. Roblox (RBLX) shares surged after posting third-quarter bookings that exceeded Wall Street's estimates, with the gaming platform growing further even after an initial stay-at-home-related boost in usage. PayPal (PYPL) shares turned lower, however, as investors homed in on the payments company's disappointing full-year outlook. This overshadowed its announcement of a new pact with&nbsp;Amazon (AMZN) to accept Venmo for payments next year.AMC Entertainment (AMC) also fell despite topping quarterly sales estimates, with the meme stock giving back some gains after a 2,000% run-up so far for the year-to-date.</p><p><blockquote>周一收盘后的盈利结果好坏参半。Roblox(RBLX)公布第三季度预订量超出华尔街预期后股价飙升，即使在最初与居家相关的使用量增长之后，该游戏平台仍在进一步增长。然而，由于投资者关注这家支付公司令人失望的全年前景，PayPal(PYPL)股价走低。这掩盖了其与亚马逊(AMZN)宣布的明年接受Venmo付款的新协议。AMC Entertainment(AMC)尽管季度销售额超出预期，但也下跌，该meme股票在上涨2,000%后回吐了一些涨幅今年迄今为止。</blockquote></p><p> In quarterly reports and analyst calls, a host of companies have cited constraints around getting raw materials, filling job openings, managing rising input costs and delivering products and services to end users.</p><p><blockquote>在季度报告和分析师评级中，许多公司都提到了在获取原材料、填补职位空缺、管理不断上涨的投入成本以及向最终用户提供产品和服务方面的限制。</blockquote></p><p> According to Bank of America, mentions of supply chains on quarterly earnings calls have surged by 360% compared to last year, underscoring the widespread nature of these pressures. These supply-related issues have also contributed to still-elevated inflationary trends. Tuesday's Producer Price Index from the Bureau of Labor Statistics showed that producer prices rose by 8.6% over last year, matching October's rate for the fastest on record in data going back to Nov. 2010.</p><p><blockquote>据美银称，与去年相比，评级季度财报中提及供应链的次数激增了360%，凸显了这些压力的普遍性。这些与供应相关的问题也导致了通胀趋势仍然居高不下。美国劳工统计局(Bureau of Labor Statistics)周二公布的生产者价格指数显示，生产者价格比去年上涨8.6%，与10月份的涨幅持平，为2010年11月以来的数据记录中最快涨幅。</blockquote></p><p> \"I would expect inflation to peak by mid-year 2022. It should remain elevated but it should move lower in the back half of 2022,\" Kristina Hooper, Invesco chief global market strategist,told Yahoo Finance Live.\"So while this is certainly an issue, it is part of what we should expect coming out of the pandemic.</p><p><blockquote>景顺首席全球市场策略师克里斯蒂娜·胡珀(Kristina Hooper)对雅虎财经直播表示：“我预计通胀将在2022年年中见顶。通胀应该会保持高位，但在2022年下半年应该会走低。因此，虽然这肯定是一个问题，但这是我们应该从大流行中期待的一部分。”</blockquote></p><p> \"We have gotten out of a burning building, but we should expect that there is a little smoke and water damage as a result,\" Hooper added. \"That’s really what we’re experiencing with elevated inflation and supply chain disruptions.”</p><p><blockquote>胡珀补充说：“我们已经从燃烧的建筑物中出来，但我们应该预计会有一些烟雾和水的损害。”“这确实是我们所经历的通胀上升和供应链中断的情况。”</blockquote></p><p> —</p><p><blockquote>—</blockquote></p><p> 9:30 a.m. ET: Stocks open mixed as investors take a breather</p><p><blockquote>美国东部时间上午9:30：投资者喘口气，股市开盘涨跌互现</blockquote></p><p> Here were the main moves in markets as of 9:30 a.m. ET:</p><p><blockquote>以下是截至美国东部时间上午9:30的市场主要走势：</blockquote></p><p> <ul>  <li><b>S&amp;P 500 (^GSPC)</b>: 4,707.89,+6.19 (+0.13%)</p><p><blockquote><ul><li><b>标普500(^GSPC)</b>：4,707.89,+6.19(+0.13%)</li></ul></blockquote></p><p></li>  <li><b>Dow (^DJI)</b>: 36,387.50, -44.72 (-0.12%)</p><p><blockquote><li><b>道指(^DJI)</b>：36,387.50,-44.72(-0.12%)</li></blockquote></p><p></li>  <li><b>Nasdaq (^IXIC)</b>: 16,007.08, +24.73 (+0.15%)</p><p><blockquote><li><b>纳斯达克(^IXIC)</b>：16,007.08,+24.73(+0.15%)</li></blockquote></p><p></li>  <li><b>Crude (CL=F)</b>: $82.46 per barrel,+0.53 (+0.65%)</p><p><blockquote><li><b>粗品（CL=F）</b>：每桶82.46美元，+0.53(+0.65%)</li></blockquote></p><p></li>  <li><b>Gold (GC=F)</b>: $1,829.70,+$1.70 (+0.09%)</p><p><blockquote><li><b>金（GC=F）</b>：$1,829.70,+$1.70(+0.09%)</li></blockquote></p><p></li>  <li><b>10-year Treasury (^TNX)</b>: -4.4 bps to yield 1.4480%</p><p><blockquote><li><b>10年期国债(^TNX)</b>：-4.4 bps至收益率1.4480%</li></blockquote></p><p></li> </ul></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1127916319","content_text":"Stocks open Tuesday morning on a mixed note, with investors taking a breather after yet another record-setting session on Wall Street.\nAt the opening bell, the S&P 500 and Nasdaq eked out marginal new records, after the blue-chip index closed out an eighth straight day of gains on Monday, to notch a fresh record high and close above the 4,700 threshold for the first time ever. Although the Dow gave back gains in early trading, the index is still perched within view of its record high.\nEquity investors rode an extended wave of optimism over solid quarterly corporate earnings and economic reports,which came alongside recent positive data for a new COVID-19 antiviral pill from Pfizer (PFE) and the passage of a more than $1 trillion infrastructure bill in Congress. With about 89% of S&P 500 companies having posted quarterly results, the projected earnings growth rate for the index in aggregate stands at nearly 40%,according to FactSet. And this growth rate has continued to creep higher over the past several weeks as more companies topped expectations.\n“I still think it’s all about corporate profits. I know a lot of my peers are concerned that peak earnings growth is behind us,” Marci McGregor, Bank of America Merrill Lynch senior investment strategist,told Yahoo Finance Live.“But I think peak earnings isn’t even a 2022 story. We’re seeing solid consumer demand, a strong U.S. economy, and I think we’re going to have a capex cycle in 2022. And I think that’s all positive for corporate profits, and that underpins this market, in my view.”\nEarnings results after market close on Monday came in mixed. Roblox (RBLX) shares surged after posting third-quarter bookings that exceeded Wall Street's estimates, with the gaming platform growing further even after an initial stay-at-home-related boost in usage. PayPal (PYPL) shares turned lower, however, as investors homed in on the payments company's disappointing full-year outlook. This overshadowed its announcement of a new pact with Amazon (AMZN) to accept Venmo for payments next year.AMC Entertainment (AMC) also fell despite topping quarterly sales estimates, with the meme stock giving back some gains after a 2,000% run-up so far for the year-to-date.\nIn quarterly reports and analyst calls, a host of companies have cited constraints around getting raw materials, filling job openings, managing rising input costs and delivering products and services to end users.\nAccording to Bank of America, mentions of supply chains on quarterly earnings calls have surged by 360% compared to last year, underscoring the widespread nature of these pressures. These supply-related issues have also contributed to still-elevated inflationary trends. Tuesday's Producer Price Index from the Bureau of Labor Statistics showed that producer prices rose by 8.6% over last year, matching October's rate for the fastest on record in data going back to Nov. 2010.\n\"I would expect inflation to peak by mid-year 2022. It should remain elevated but it should move lower in the back half of 2022,\" Kristina Hooper, Invesco chief global market strategist,told Yahoo Finance Live.\"So while this is certainly an issue, it is part of what we should expect coming out of the pandemic.\n\"We have gotten out of a burning building, but we should expect that there is a little smoke and water damage as a result,\" Hooper added. \"That’s really what we’re experiencing with elevated inflation and supply chain disruptions.”\n—\n9:30 a.m. ET: Stocks open mixed as investors take a breather\nHere were the main moves in markets as of 9:30 a.m. ET:\n\nS&P 500 (^GSPC): 4,707.89,+6.19 (+0.13%)\nDow (^DJI): 36,387.50, -44.72 (-0.12%)\nNasdaq (^IXIC): 16,007.08, +24.73 (+0.15%)\nCrude (CL=F): $82.46 per barrel,+0.53 (+0.65%)\nGold (GC=F): $1,829.70,+$1.70 (+0.09%)\n10-year Treasury (^TNX): -4.4 bps to yield 1.4480%","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1326,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":847075435,"gmtCreate":1636470193365,"gmtModify":1636470317015,"author":{"id":"3577608661218389","authorId":"3577608661218389","name":"DansonYong","avatar":"https://static.tigerbbs.com/d847e6b2cafe58e68ceb1d9adcb8038f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577608661218389","idStr":"3577608661218389"},"themes":[],"htmlText":"Yess","listText":"Yess","text":"Yess","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/847075435","repostId":"1159319516","repostType":4,"repost":{"id":"1159319516","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1636468701,"share":"https://www.laohu8.com/m/news/1159319516?lang=zh_CN&edition=full","pubTime":"2021-11-09 22:38","market":"us","language":"en","title":"EVgo shares jumped more than 27% in morning trading<blockquote>EVgo股价早盘上涨逾27%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1159319516","media":"Tiger Newspress","summary":"EVgo shares jumped more than 27% in morning trading.\nEVgo Inc., owner and operator of the nation’s l","content":"<p>EVgo shares jumped more than 27% in morning trading.</p><p><blockquote>EVgo股价在早盘交易中上涨超过27%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/08958ac7331740c1f981f6a739b0e868\" tg-width=\"881\" tg-height=\"621\" width=\"100%\" height=\"auto\">EVgo Inc., owner and operator of the nation’s largest public fast charging network for electric vehicles (EVs), and General Motors (GM) announced an expansion of their fast charging infrastructure build-out collaboration currently underway across the U.S. EVgo and GM previously announced a tripling of the EVgo network with plans to build 2,750 charging stalls through 2025.</p><p><blockquote>美国最大的电动汽车(EV)公共快速充电网络的所有者和运营商EVgo Inc.与通用汽车(GM)宣布扩大目前在美国各地进行的快速充电基础设施建设合作。EVgo和通用汽车此前宣布将EVgo网络扩大两倍，计划到2025年建设2,750个充电站。</blockquote></p><p> EVgo Inc. today announced an expansion to its EV charging program for rideshare drivers on Uber’s platform. With nearly <a href=\"https://laohu8.com/S/AONE.U\">one</a> million rideshare vehicles on the road, electrification of rideshare provides a significant opportunity to add high-utilization drivers to EVgo’s network. Featuring new discounts and benefits for all drivers using Uber, this expanded initiative builds upon the existing program's success to ultimately increase access to, and utilization of, EVgo’s network of over 800 public fast chargers -- helping both companies further accelerate the adoption of zero-emission transportation at scale.</p><p><blockquote>EVgo Inc.今天宣布扩大其针对Uber平台上拼车司机的电动汽车充电计划。与近<a href=\"https://laohu8.com/S/AONE.U\">一</a>道路上有数百万辆拼车车辆，拼车电气化为EVgo网络增加高利用率驾驶员提供了重要机会。这一扩展计划为所有使用Uber的司机提供新的折扣和优惠，建立在现有计划成功的基础上，最终增加EVgo 800多个公共快速充电器网络的访问和利用率，帮助两家公司进一步加速零排放的采用大规模排放运输。</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>EVgo shares jumped more than 27% in morning trading<blockquote>EVgo股价早盘上涨逾27%</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\">\nEVgo shares jumped more than 27% in morning trading<blockquote>EVgo股价早盘上涨逾27%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-11-09 22:38</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>EVgo shares jumped more than 27% in morning trading.</p><p><blockquote>EVgo股价在早盘交易中上涨超过27%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/08958ac7331740c1f981f6a739b0e868\" tg-width=\"881\" tg-height=\"621\" width=\"100%\" height=\"auto\">EVgo Inc., owner and operator of the nation’s largest public fast charging network for electric vehicles (EVs), and General Motors (GM) announced an expansion of their fast charging infrastructure build-out collaboration currently underway across the U.S. EVgo and GM previously announced a tripling of the EVgo network with plans to build 2,750 charging stalls through 2025.</p><p><blockquote>美国最大的电动汽车(EV)公共快速充电网络的所有者和运营商EVgo Inc.与通用汽车(GM)宣布扩大目前在美国各地进行的快速充电基础设施建设合作。EVgo和通用汽车此前宣布将EVgo网络扩大两倍，计划到2025年建设2,750个充电站。</blockquote></p><p> EVgo Inc. today announced an expansion to its EV charging program for rideshare drivers on Uber’s platform. With nearly <a href=\"https://laohu8.com/S/AONE.U\">one</a> million rideshare vehicles on the road, electrification of rideshare provides a significant opportunity to add high-utilization drivers to EVgo’s network. Featuring new discounts and benefits for all drivers using Uber, this expanded initiative builds upon the existing program's success to ultimately increase access to, and utilization of, EVgo’s network of over 800 public fast chargers -- helping both companies further accelerate the adoption of zero-emission transportation at scale.</p><p><blockquote>EVgo Inc.今天宣布扩大其针对Uber平台上拼车司机的电动汽车充电计划。与近<a href=\"https://laohu8.com/S/AONE.U\">一</a>道路上有数百万辆拼车车辆，拼车电气化为EVgo网络增加高利用率驾驶员提供了重要机会。这一扩展计划为所有使用Uber的司机提供新的折扣和优惠，建立在现有计划成功的基础上，最终增加EVgo 800多个公共快速充电器网络的访问和利用率，帮助两家公司进一步加速零排放的采用大规模排放运输。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"EVGO":"EVgo Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1159319516","content_text":"EVgo shares jumped more than 27% in morning trading.\nEVgo Inc., owner and operator of the nation’s largest public fast charging network for electric vehicles (EVs), and General Motors (GM) announced an expansion of their fast charging infrastructure build-out collaboration currently underway across the U.S. EVgo and GM previously announced a tripling of the EVgo network with plans to build 2,750 charging stalls through 2025.\nEVgo Inc. today announced an expansion to its EV charging program for rideshare drivers on Uber’s platform. With nearly one million rideshare vehicles on the road, electrification of rideshare provides a significant opportunity to add high-utilization drivers to EVgo’s network. Featuring new discounts and benefits for all drivers using Uber, this expanded initiative builds upon the existing program's success to ultimately increase access to, and utilization of, EVgo’s network of over 800 public fast chargers -- helping both companies further accelerate the adoption of zero-emission transportation at scale.","news_type":1,"symbols_score_info":{"EVGO":0.9}},"isVote":1,"tweetType":1,"viewCount":1369,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":847075990,"gmtCreate":1636470185885,"gmtModify":1636470314966,"author":{"id":"3577608661218389","authorId":"3577608661218389","name":"DansonYong","avatar":"https://static.tigerbbs.com/d847e6b2cafe58e68ceb1d9adcb8038f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577608661218389","idStr":"3577608661218389"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":3,"repostSize":0,"link":"https://laohu8.com/post/847075990","repostId":"1192599264","repostType":4,"isVote":1,"tweetType":1,"viewCount":1114,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":847072716,"gmtCreate":1636470178819,"gmtModify":1636470313213,"author":{"id":"3577608661218389","authorId":"3577608661218389","name":"DansonYong","avatar":"https://static.tigerbbs.com/d847e6b2cafe58e68ceb1d9adcb8038f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577608661218389","idStr":"3577608661218389"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/847072716","repostId":"1138226136","repostType":4,"isVote":1,"tweetType":1,"viewCount":723,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":847072976,"gmtCreate":1636470135521,"gmtModify":1636470220060,"author":{"id":"3577608661218389","authorId":"3577608661218389","name":"DansonYong","avatar":"https://static.tigerbbs.com/d847e6b2cafe58e68ceb1d9adcb8038f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577608661218389","idStr":"3577608661218389"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/U\">$Unity Software Inc.(U)$</a>thankss","listText":"<a href=\"https://laohu8.com/S/U\">$Unity Software Inc.(U)$</a>thankss","text":"$Unity Software Inc.(U)$thankss","images":[{"img":"https://static.tigerbbs.com/359d0b6558c81ac33b60325e06f7c48a","width":"750","height":"1164"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/847072976","isVote":1,"tweetType":1,"viewCount":1215,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"CN","totalScore":0},{"id":855248932,"gmtCreate":1635380011221,"gmtModify":1635380011361,"author":{"id":"3577608661218389","authorId":"3577608661218389","name":"DansonYong","avatar":"https://static.tigerbbs.com/d847e6b2cafe58e68ceb1d9adcb8038f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577608661218389","idStr":"3577608661218389"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/855248932","repostId":"1150366645","repostType":4,"isVote":1,"tweetType":1,"viewCount":891,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":855241781,"gmtCreate":1635380001887,"gmtModify":1635380002010,"author":{"id":"3577608661218389","authorId":"3577608661218389","name":"DansonYong","avatar":"https://static.tigerbbs.com/d847e6b2cafe58e68ceb1d9adcb8038f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577608661218389","idStr":"3577608661218389"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/855241781","repostId":"1179965179","repostType":4,"repost":{"id":"1179965179","kind":"news","pubTimestamp":1635378628,"share":"https://www.laohu8.com/m/news/1179965179?lang=zh_CN&edition=full","pubTime":"2021-10-28 07:50","market":"fut","language":"en","title":"SEC Won’t Approve Leveraged Bitcoin Fund<blockquote>美国证券交易委员会不会批准杠杆比特币基金</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1179965179","media":"The Wall Street Journal","summary":"Regulator has signaled it will allow only unleveraged funds tied to the cryptocurrency, at least for","content":"<p>Regulator has signaled it will allow only unleveraged funds tied to the cryptocurrency, at least for now</p><p><blockquote>监管机构已表示将只允许与加密货币挂钩的非杠杆资金，至少目前是这样</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/efacb2884991c2ee20023da5a656d2ef\" tg-width=\"1290\" tg-height=\"860\" width=\"100%\" height=\"auto\"><span>The SEC’s decision is the latest blow to the asset-management industry’s efforts to cash in on investor interest in cryptocurrencies including bitcoin by launching new products.</span></p><p><blockquote><p class=\"t-img-caption\"><span>美国证券交易委员会的决定是对资产管理行业通过推出新产品来利用投资者对包括比特币在内的加密货币的兴趣的最新打击。</span></p></blockquote></p><p> The Securities and Exchange Commission asked at least one asset manager not to proceed with plans for a leveraged bitcoin exchange-traded fund, according to a person familiar with the matter.</p><p><blockquote>据一位知情人士透露，美国证券交易委员会要求至少一家资产管理公司不要推进杠杆比特币交易所交易基金的计划。</blockquote></p><p> The SEC indicated it wants to limit new bitcoin-related products to those that provide unleveraged exposure to bitcoin futures contracts, such as the&nbsp;ProShares Bitcoin Strategy&nbsp;ETF, which was&nbsp;launched last week, the person said.</p><p><blockquote>该人士表示，美国证券交易委员会表示，希望将新的比特币相关产品限制在那些提供无杠杆比特币期货合约敞口的产品，例如上周推出的ProShares比特币策略ETF。</blockquote></p><p> The decision is the latest challenge to the asset-management industry’s efforts to cash in on the investor interest in cryptocurrencies by launching new products. Regulators have been curtailing product launches in a bid to limit investor exposure to offerings that they deem vulnerable to fraud, manipulation and other risks.</p><p><blockquote>这一决定是资产管理行业通过推出新产品来利用投资者对加密货币的兴趣的最新挑战。监管机构一直在限制产品发布，以限制投资者接触他们认为容易受到欺诈、操纵和其他风险的产品。</blockquote></p><p> Valkyrie Investments on Tuesday proposed to launch a fund that sought to amplify the daily returns of a portfolio of bitcoin derivatives, including futures contracts and options, by using 1.25 times leverage, or borrowed money. Valkyrie was asked to pull its proposal, added the person familiar with the discussions. As of Wednesday afternoon, Valkyrie’s filing remained effective.</p><p><blockquote>Valkyrie Investments周二提议推出一只基金，试图通过使用1.25倍杠杆或借入资金来放大比特币衍生品投资组合（包括期货合约和期权）的每日回报。知情人士补充说，瓦尔基里被要求撤回其提案。截至周三下午，瓦尔基里的申请仍然有效。</blockquote></p><p> Later the same day, Direxion filed plans for an ETF that aimed to allow investors to effectively bet against the bitcoin futures contracts used by the ProShares ETF. Direxion declined to comment.</p><p><blockquote>当天晚些时候，Direxion提交了ETF计划，旨在让投资者有效地做空ProShares ETF使用的比特币期货合约。Direxion拒绝置评。</blockquote></p><p> Under rules governing ETF proposals, the SEC has 75 days to review fund applications. Assuming there are no objections from the regulator, fund offering papers are considered effective at the end of that period. The SEC can ask fund managers to withdraw filings in certain instances, but the managers aren’t obligated to do so.</p><p><blockquote>根据管理ETF提案的规则，SEC有75天的时间来审查基金申请。假设监管机构没有异议，基金募集文件在该期间结束时被视为有效。在某些情况下，美国证券交易委员会可以要求基金经理撤回申请，但基金经理没有义务这样做。</blockquote></p><p> Such requests by the SEC are considered a courtesy, securities attorneys said. But firms can press on if they want to force the regulator to make a decision.</p><p><blockquote>证券律师表示，美国证券交易委员会的此类要求被视为一种礼貌。但如果企业想迫使监管机构做出决定，他们可以继续前进。</blockquote></p><p> The firms have sought to launch funds that could serve the significant investor interest in an asset class that has appreciated strongly in recent years and is notoriously volatile. Many analysts have warned that these sorts of products aren’t suitable for inexperienced investors, pointing to a series of meltdowns over the years involving exchange-traded products tied to volatility and commodities.</p><p><blockquote>这些公司一直在寻求推出能够满足投资者对近年来强劲升值且波动性众所周知的资产类别的浓厚兴趣的基金。许多分析师警告称，此类产品不适合缺乏经验的投资者，并指出多年来与波动性和大宗商品相关的交易所交易产品发生了一系列崩溃。</blockquote></p><p> “This is a product the SEC has long had a case of approver’s remorse around,” said Ben Johnson, an analyst at Morningstar, pointing to the SEC’s on-again, off-again problems with leveraged ETFs. “These products tend to get quite a lot of attention for all the wrong reasons.”</p><p><blockquote>晨星公司(Morningstar)分析师本·约翰逊(Ben Johnson)表示：“SEC长期以来一直对这款产品感到后悔。”他指出了SEC在杠杆ETF方面时断时续的问题。“这些产品往往会因为各种错误的原因而受到相当多的关注。”</blockquote></p><p> Several volatility-linked leveraged ETFs suffered significant losses in 2018 when trading suddenly turned violent, wiping out billions of dollars in investor assets. Leveraged products also were hit hard last year when Covid-19 put energy markets into a tailspin. The SEC responded last year by imposing restrictions on how much leverage these products can use, and SEC Chairman Gary Gensler has indicated those concerns remain at the forefront of the agency’s thinking.</p><p><blockquote>2018年，当交易突然变得暴力时，几只与波动性挂钩的杠杆ETF遭受了重大损失，损失了数十亿美元的投资者资产。去年，当Covid-19使能源市场陷入混乱时，杠杆产品也受到了沉重打击。SEC去年的回应是对这些产品可以使用的杠杆程度施加限制，SEC主席加里·詹斯勒(Gary Gensler)表示，这些担忧仍然是该机构思考的首要问题。</blockquote></p><p> These ETFs “can pose risks even to sophisticated investors, and can potentially create systemwide risks by operating in unanticipated ways when markets experience volatility or stress conditions,” Mr. Gensler said earlier this month.</p><p><blockquote>詹斯勒本月早些时候表示，这些ETF“甚至会给经验丰富的投资者带来风险，并且在市场经历波动或压力条件时以意想不到的方式运作，可能会造成系统性风险”。</blockquote></p><p> At the same time, the agency opened the door to more firms marketing such funds. More recently, the SEC earlier this month greenlighted two new ETFs that let investors make leveraged or inverse bets on futures contracts on the Cboe Volatility Index, or VIX.</p><p><blockquote>与此同时，该机构向更多营销此类基金的公司敞开了大门。最近，美国证券交易委员会本月早些时候批准了两只新的ETF，允许投资者对芝加哥期权交易所波动率指数（VIX）的期货合约进行杠杆或反向押注。</blockquote></p><p> There appears to be room for firms to apply leverage to bitcoin futures funds at least for some time. VanEck’s most recent regulatory filing for its Bitcoin Strategy ETF says it has the option to boost exposure to bitcoin futures to as much as 125% of the fund’s assets, effectively leveraging the fund, which could launch as soon as this week. That differs from Valkyrie’s fund, which proposed maintaining constant leverage on its bitcoin derivatives holdings.</p><p><blockquote>至少在一段时间内，企业似乎还有向比特币期货基金施加杠杆的空间。VanEck为其比特币策略ETF提交的最新监管文件称，它可以选择将比特币期货敞口增加至该基金资产的125%，从而有效利用该基金，该基金最早可能于本周推出。这与瓦尔基里的基金不同，后者提议对其持有的比特币衍生品保持恒定的杠杆。</blockquote></p><p> Asset managers are trying to capitalize further on investors’ thirst for crypto in the wake of ProShares launching the ProShares Bitcoin Strategy ETF two weeks earlier. That fund raised $1 billion in just two days, faster than any ETF before.</p><p><blockquote>两周前ProShares推出ProShares比特币策略ETF后，资产管理公司正试图进一步利用投资者对加密货币的渴望。该基金仅在两天内就筹集了10亿美元，比之前任何ETF都要快。</blockquote></p><p></p><p> The fund’s gains have raised questions as to whether the bitcoin futures market is&nbsp;big enough to sustain all of these funds. Already, ProShares owns about one-fifth of all October bitcoin futures contracts and one-third of November’s, making the fund an easy target for traders who seek to exploit the fund’s need to take large positions in near-term futures and frequently roll them into the following month to maintain ongoing exposure.</p><p><blockquote>该基金的收益引发了人们的疑问，即比特币期货市场是否足够大，足以维持所有这些基金。ProShares已经拥有约五分之一的10月比特币期货合约和三分之一的11月期货合约，这使得该基金很容易成为交易者的目标，这些交易者寻求利用该基金在近期期货中持有大量头寸并经常将其滚动到下个月以维持持续的风险敞口。</blockquote></p><p> Concerns around market capacity led&nbsp;Invesco&nbsp;Ltd., one of the biggest issuers of ETFs in the country, to delay the launch of its bitcoin futures ETF, people familiar with the matter previously told The Wall Street Journal.</p><p><blockquote>知情人士此前告诉《华尔街日报》，对市场容量的担忧导致美国最大的ETF发行人之一景顺有限公司推迟了其比特币期货ETF的推出。</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>SEC Won’t Approve Leveraged Bitcoin Fund<blockquote>美国证券交易委员会不会批准杠杆比特币基金</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSEC Won’t Approve Leveraged Bitcoin Fund<blockquote>美国证券交易委员会不会批准杠杆比特币基金</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2021-10-28 07:50</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Regulator has signaled it will allow only unleveraged funds tied to the cryptocurrency, at least for now</p><p><blockquote>监管机构已表示将只允许与加密货币挂钩的非杠杆资金，至少目前是这样</blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/efacb2884991c2ee20023da5a656d2ef\" tg-width=\"1290\" tg-height=\"860\" width=\"100%\" height=\"auto\"><span>The SEC’s decision is the latest blow to the asset-management industry’s efforts to cash in on investor interest in cryptocurrencies including bitcoin by launching new products.</span></p><p><blockquote><p class=\"t-img-caption\"><span>美国证券交易委员会的决定是对资产管理行业通过推出新产品来利用投资者对包括比特币在内的加密货币的兴趣的最新打击。</span></p></blockquote></p><p> The Securities and Exchange Commission asked at least one asset manager not to proceed with plans for a leveraged bitcoin exchange-traded fund, according to a person familiar with the matter.</p><p><blockquote>据一位知情人士透露，美国证券交易委员会要求至少一家资产管理公司不要推进杠杆比特币交易所交易基金的计划。</blockquote></p><p> The SEC indicated it wants to limit new bitcoin-related products to those that provide unleveraged exposure to bitcoin futures contracts, such as the&nbsp;ProShares Bitcoin Strategy&nbsp;ETF, which was&nbsp;launched last week, the person said.</p><p><blockquote>该人士表示，美国证券交易委员会表示，希望将新的比特币相关产品限制在那些提供无杠杆比特币期货合约敞口的产品，例如上周推出的ProShares比特币策略ETF。</blockquote></p><p> The decision is the latest challenge to the asset-management industry’s efforts to cash in on the investor interest in cryptocurrencies by launching new products. Regulators have been curtailing product launches in a bid to limit investor exposure to offerings that they deem vulnerable to fraud, manipulation and other risks.</p><p><blockquote>这一决定是资产管理行业通过推出新产品来利用投资者对加密货币的兴趣的最新挑战。监管机构一直在限制产品发布，以限制投资者接触他们认为容易受到欺诈、操纵和其他风险的产品。</blockquote></p><p> Valkyrie Investments on Tuesday proposed to launch a fund that sought to amplify the daily returns of a portfolio of bitcoin derivatives, including futures contracts and options, by using 1.25 times leverage, or borrowed money. Valkyrie was asked to pull its proposal, added the person familiar with the discussions. As of Wednesday afternoon, Valkyrie’s filing remained effective.</p><p><blockquote>Valkyrie Investments周二提议推出一只基金，试图通过使用1.25倍杠杆或借入资金来放大比特币衍生品投资组合（包括期货合约和期权）的每日回报。知情人士补充说，瓦尔基里被要求撤回其提案。截至周三下午，瓦尔基里的申请仍然有效。</blockquote></p><p> Later the same day, Direxion filed plans for an ETF that aimed to allow investors to effectively bet against the bitcoin futures contracts used by the ProShares ETF. Direxion declined to comment.</p><p><blockquote>当天晚些时候，Direxion提交了ETF计划，旨在让投资者有效地做空ProShares ETF使用的比特币期货合约。Direxion拒绝置评。</blockquote></p><p> Under rules governing ETF proposals, the SEC has 75 days to review fund applications. Assuming there are no objections from the regulator, fund offering papers are considered effective at the end of that period. The SEC can ask fund managers to withdraw filings in certain instances, but the managers aren’t obligated to do so.</p><p><blockquote>根据管理ETF提案的规则，SEC有75天的时间来审查基金申请。假设监管机构没有异议，基金募集文件在该期间结束时被视为有效。在某些情况下，美国证券交易委员会可以要求基金经理撤回申请，但基金经理没有义务这样做。</blockquote></p><p> Such requests by the SEC are considered a courtesy, securities attorneys said. But firms can press on if they want to force the regulator to make a decision.</p><p><blockquote>证券律师表示，美国证券交易委员会的此类要求被视为一种礼貌。但如果企业想迫使监管机构做出决定，他们可以继续前进。</blockquote></p><p> The firms have sought to launch funds that could serve the significant investor interest in an asset class that has appreciated strongly in recent years and is notoriously volatile. Many analysts have warned that these sorts of products aren’t suitable for inexperienced investors, pointing to a series of meltdowns over the years involving exchange-traded products tied to volatility and commodities.</p><p><blockquote>这些公司一直在寻求推出能够满足投资者对近年来强劲升值且波动性众所周知的资产类别的浓厚兴趣的基金。许多分析师警告称，此类产品不适合缺乏经验的投资者，并指出多年来与波动性和大宗商品相关的交易所交易产品发生了一系列崩溃。</blockquote></p><p> “This is a product the SEC has long had a case of approver’s remorse around,” said Ben Johnson, an analyst at Morningstar, pointing to the SEC’s on-again, off-again problems with leveraged ETFs. “These products tend to get quite a lot of attention for all the wrong reasons.”</p><p><blockquote>晨星公司(Morningstar)分析师本·约翰逊(Ben Johnson)表示：“SEC长期以来一直对这款产品感到后悔。”他指出了SEC在杠杆ETF方面时断时续的问题。“这些产品往往会因为各种错误的原因而受到相当多的关注。”</blockquote></p><p> Several volatility-linked leveraged ETFs suffered significant losses in 2018 when trading suddenly turned violent, wiping out billions of dollars in investor assets. Leveraged products also were hit hard last year when Covid-19 put energy markets into a tailspin. The SEC responded last year by imposing restrictions on how much leverage these products can use, and SEC Chairman Gary Gensler has indicated those concerns remain at the forefront of the agency’s thinking.</p><p><blockquote>2018年，当交易突然变得暴力时，几只与波动性挂钩的杠杆ETF遭受了重大损失，损失了数十亿美元的投资者资产。去年，当Covid-19使能源市场陷入混乱时，杠杆产品也受到了沉重打击。SEC去年的回应是对这些产品可以使用的杠杆程度施加限制，SEC主席加里·詹斯勒(Gary Gensler)表示，这些担忧仍然是该机构思考的首要问题。</blockquote></p><p> These ETFs “can pose risks even to sophisticated investors, and can potentially create systemwide risks by operating in unanticipated ways when markets experience volatility or stress conditions,” Mr. Gensler said earlier this month.</p><p><blockquote>詹斯勒本月早些时候表示，这些ETF“甚至会给经验丰富的投资者带来风险，并且在市场经历波动或压力条件时以意想不到的方式运作，可能会造成系统性风险”。</blockquote></p><p> At the same time, the agency opened the door to more firms marketing such funds. More recently, the SEC earlier this month greenlighted two new ETFs that let investors make leveraged or inverse bets on futures contracts on the Cboe Volatility Index, or VIX.</p><p><blockquote>与此同时，该机构向更多营销此类基金的公司敞开了大门。最近，美国证券交易委员会本月早些时候批准了两只新的ETF，允许投资者对芝加哥期权交易所波动率指数（VIX）的期货合约进行杠杆或反向押注。</blockquote></p><p> There appears to be room for firms to apply leverage to bitcoin futures funds at least for some time. VanEck’s most recent regulatory filing for its Bitcoin Strategy ETF says it has the option to boost exposure to bitcoin futures to as much as 125% of the fund’s assets, effectively leveraging the fund, which could launch as soon as this week. That differs from Valkyrie’s fund, which proposed maintaining constant leverage on its bitcoin derivatives holdings.</p><p><blockquote>至少在一段时间内，企业似乎还有向比特币期货基金施加杠杆的空间。VanEck为其比特币策略ETF提交的最新监管文件称，它可以选择将比特币期货敞口增加至该基金资产的125%，从而有效利用该基金，该基金最早可能于本周推出。这与瓦尔基里的基金不同，后者提议对其持有的比特币衍生品保持恒定的杠杆。</blockquote></p><p> Asset managers are trying to capitalize further on investors’ thirst for crypto in the wake of ProShares launching the ProShares Bitcoin Strategy ETF two weeks earlier. That fund raised $1 billion in just two days, faster than any ETF before.</p><p><blockquote>两周前ProShares推出ProShares比特币策略ETF后，资产管理公司正试图进一步利用投资者对加密货币的渴望。该基金仅在两天内就筹集了10亿美元，比之前任何ETF都要快。</blockquote></p><p></p><p> The fund’s gains have raised questions as to whether the bitcoin futures market is&nbsp;big enough to sustain all of these funds. Already, ProShares owns about one-fifth of all October bitcoin futures contracts and one-third of November’s, making the fund an easy target for traders who seek to exploit the fund’s need to take large positions in near-term futures and frequently roll them into the following month to maintain ongoing exposure.</p><p><blockquote>该基金的收益引发了人们的疑问，即比特币期货市场是否足够大，足以维持所有这些基金。ProShares已经拥有约五分之一的10月比特币期货合约和三分之一的11月期货合约，这使得该基金很容易成为交易者的目标，这些交易者寻求利用该基金在近期期货中持有大量头寸并经常将其滚动到下个月以维持持续的风险敞口。</blockquote></p><p> Concerns around market capacity led&nbsp;Invesco&nbsp;Ltd., one of the biggest issuers of ETFs in the country, to delay the launch of its bitcoin futures ETF, people familiar with the matter previously told The Wall Street Journal.</p><p><blockquote>知情人士此前告诉《华尔街日报》，对市场容量的担忧导致美国最大的ETF发行人之一景顺有限公司推迟了其比特币期货ETF的推出。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/sec-wont-approve-leveraged-bitcoin-fund-source-says-11635370934?mod=hp_lista_pos4\">The Wall Street Journal</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":{"BITO":"比特币期货ETF-ProShares","GBTC":"比特币ETF-Grayscale"},"source_url":"https://www.wsj.com/articles/sec-wont-approve-leveraged-bitcoin-fund-source-says-11635370934?mod=hp_lista_pos4","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1179965179","content_text":"Regulator has signaled it will allow only unleveraged funds tied to the cryptocurrency, at least for now\nThe SEC’s decision is the latest blow to the asset-management industry’s efforts to cash in on investor interest in cryptocurrencies including bitcoin by launching new products.\nThe Securities and Exchange Commission asked at least one asset manager not to proceed with plans for a leveraged bitcoin exchange-traded fund, according to a person familiar with the matter.\nThe SEC indicated it wants to limit new bitcoin-related products to those that provide unleveraged exposure to bitcoin futures contracts, such as the ProShares Bitcoin Strategy ETF, which was launched last week, the person said.\nThe decision is the latest challenge to the asset-management industry’s efforts to cash in on the investor interest in cryptocurrencies by launching new products. Regulators have been curtailing product launches in a bid to limit investor exposure to offerings that they deem vulnerable to fraud, manipulation and other risks.\nValkyrie Investments on Tuesday proposed to launch a fund that sought to amplify the daily returns of a portfolio of bitcoin derivatives, including futures contracts and options, by using 1.25 times leverage, or borrowed money. Valkyrie was asked to pull its proposal, added the person familiar with the discussions. As of Wednesday afternoon, Valkyrie’s filing remained effective.\nLater the same day, Direxion filed plans for an ETF that aimed to allow investors to effectively bet against the bitcoin futures contracts used by the ProShares ETF. Direxion declined to comment.\nUnder rules governing ETF proposals, the SEC has 75 days to review fund applications. Assuming there are no objections from the regulator, fund offering papers are considered effective at the end of that period. The SEC can ask fund managers to withdraw filings in certain instances, but the managers aren’t obligated to do so.\nSuch requests by the SEC are considered a courtesy, securities attorneys said. But firms can press on if they want to force the regulator to make a decision.\nThe firms have sought to launch funds that could serve the significant investor interest in an asset class that has appreciated strongly in recent years and is notoriously volatile. Many analysts have warned that these sorts of products aren’t suitable for inexperienced investors, pointing to a series of meltdowns over the years involving exchange-traded products tied to volatility and commodities.\n“This is a product the SEC has long had a case of approver’s remorse around,” said Ben Johnson, an analyst at Morningstar, pointing to the SEC’s on-again, off-again problems with leveraged ETFs. “These products tend to get quite a lot of attention for all the wrong reasons.”\nSeveral volatility-linked leveraged ETFs suffered significant losses in 2018 when trading suddenly turned violent, wiping out billions of dollars in investor assets. Leveraged products also were hit hard last year when Covid-19 put energy markets into a tailspin. The SEC responded last year by imposing restrictions on how much leverage these products can use, and SEC Chairman Gary Gensler has indicated those concerns remain at the forefront of the agency’s thinking.\nThese ETFs “can pose risks even to sophisticated investors, and can potentially create systemwide risks by operating in unanticipated ways when markets experience volatility or stress conditions,” Mr. Gensler said earlier this month.\nAt the same time, the agency opened the door to more firms marketing such funds. More recently, the SEC earlier this month greenlighted two new ETFs that let investors make leveraged or inverse bets on futures contracts on the Cboe Volatility Index, or VIX.\nThere appears to be room for firms to apply leverage to bitcoin futures funds at least for some time. VanEck’s most recent regulatory filing for its Bitcoin Strategy ETF says it has the option to boost exposure to bitcoin futures to as much as 125% of the fund’s assets, effectively leveraging the fund, which could launch as soon as this week. That differs from Valkyrie’s fund, which proposed maintaining constant leverage on its bitcoin derivatives holdings.\nAsset managers are trying to capitalize further on investors’ thirst for crypto in the wake of ProShares launching the ProShares Bitcoin Strategy ETF two weeks earlier. That fund raised $1 billion in just two days, faster than any ETF before.\nThe fund’s gains have raised questions as to whether the bitcoin futures market is big enough to sustain all of these funds. Already, ProShares owns about one-fifth of all October bitcoin futures contracts and one-third of November’s, making the fund an easy target for traders who seek to exploit the fund’s need to take large positions in near-term futures and frequently roll them into the following month to maintain ongoing exposure.\nConcerns around market capacity led Invesco Ltd., one of the biggest issuers of ETFs in the country, to delay the launch of its bitcoin futures ETF, people familiar with the matter previously told The Wall Street 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Text":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/850837260","repostId":"1185155570","repostType":4,"repost":{"id":"1185155570","kind":"news","pubTimestamp":1634511079,"share":"https://www.laohu8.com/m/news/1185155570?lang=zh_CN&edition=full","pubTime":"2021-10-18 06:51","market":"us","language":"en","title":"Tesla, AT&T, Netflix, ASML, Snap and Other Stocks for Investors to Watch This Week<blockquote>特斯拉、AT&amp;T、Netflix、ASML、Snap等本周值得投资者关注的股票</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1185155570","media":"Barrons","summary":"Seventy-two S&P 500 companies report earnings this week, as third-quarter earnings season ramps up. ","content":"<p>Seventy-two&nbsp;S&amp;P 500&nbsp;companies report earnings this week,&nbsp;as third-quarter earnings season ramps up. Several big U.S. banks got things off to a strong start last week. This week’s earnings highlights&nbsp;will include&nbsp;results from notable companies in telecom, consumer staples, energy, technology, health care, and the airline industry.</p><p><blockquote>随着第三季度财报季的临近，本周有72家标准普尔500指数公司公布了财报。美国几家大型银行上周开局良好。本周的财报亮点将包括电信、必需消费品、能源、科技、医疗保健和航空业著名公司的业绩。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/685ba1e7f4763c12a3c0159fc2469ded\" tg-width=\"1878\" tg-height=\"2461\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Albertsons and&nbsp;State Street&nbsp;get the ball rolling on Monday.Procter &amp; Gamble,Halliburton,and&nbsp;Johnson &amp; Johnson&nbsp;are Tuesday morning’s highlights, followed by&nbsp;Netflix&nbsp;and&nbsp;United Airlines Holdings&nbsp;after the market closes.</p><p><blockquote>艾伯森(Albertsons)和道富银行(State Street)将于周一启动。宝洁(Procter&amp;Gamble)、哈里伯顿(Halliburton)和强生(Johnson&amp;Johnson)是周二上午的亮点，收盘后紧随其后的是Netflix和联合航空控股(United Airlines Holdings)。</blockquote></p><p> On Wednesday,Verizon Communications,IBM,and Tesla will get the most attention.AT&amp;T, American Airlines Group,Southwest Airlines,and&nbsp;Chipotle Mexican Grill&nbsp;report on Thursday, then&nbsp;American Express,Schlumberger,and&nbsp;Honeywell International&nbsp;close the week on Friday.</p><p><blockquote>周三，Verizon Communications、IBM和特斯拉将受到最多关注。AT&amp;T、美国航空集团、西南航空和Chipotle Mexican Grill将于周四发布报告，然后美国运通、Schlumberger和Honeywell International将于周五收盘。</blockquote></p><p> Economic data highlights this week include the Conference Board’s Leading Economic Index for September on Thursday and&nbsp;IHS Markit’s&nbsp;Manufacturing and Services Purchasing Managers’ indexes for October on Friday. All are seen easing back from their prior months’ levels.</p><p><blockquote>本周经济数据亮点包括周四公布的世界大型企业联合会9月份领先经济指数和周五公布的IHS Markit 10月份制造业和服务业采购经理人指数。所有这些都较前几个月的水平有所回落。</blockquote></p><p> Other releases this week include the Federal Reserve’s most recent Beige Book, describing economic conditions across the U.S., and a pair of September housing-market indicators: The Census Bureau reports new residential construction data on Tuesday and the National Association of Realtors reports existing-home sales on Thursday.</p><p><blockquote>本周发布的其他数据包括美联储最新的褐皮书，描述了美国各地的经济状况，以及两个9月份的房地产市场指标：人口普查局（Census Bureau）周二报告新的住宅建设数据，全国房地产经纪人协会（National Association of Realtors）周四报告现房销售。</blockquote></p><p> <b>Monday 10/18</b></p><p><blockquote><b>星期一10/18</b></blockquote></p><p> <b>The Federal Reserve</b>&nbsp;releases industrial production data for September. Economists are looking for a 0.20% rise after a 0.4% increase in August. Capacity utilization is expected at 76.5% for September, roughly in line with August’s 76.4%.</p><p><blockquote><b>美联储</b>公布9月份工业生产数据。继8月份增长0.4%后，经济学家预计增长0.20%。预计9月份产能利用率为76.5%，与8月份的76.4%大致一致。</blockquote></p><p> Albertsons, Philips, Steel Dynamics, and State Street are among companies releasing quarterly financial results.</p><p><blockquote>艾伯森、飞利浦、Steel Dynamics和道富银行等公司发布了季度财务业绩。</blockquote></p><p> <b>Tuesday 10/19</b></p><p><blockquote><b>星期二10/19</b></blockquote></p><p> <b>The Census Bureau</b> reports new residential construction data for September. Economists forecast a seasonally adjusted annual rate of 1.623 million housing starts, compared with 1.615 million in August.</p><p><blockquote><b>人口普查局</b>报告9月份新住宅建设数据。经济学家预测，经季节调整后的新屋开工年率为162.3万套，8月为161.5万套。</blockquote></p><p> Halliburton, Procter &amp; Gamble, Johnson &amp; Johnson, Synchrony, Travelers, Philip Morris International, Kansas City Southern, WD-40, Interactive Brokers Group, Netflix, ManpowerGroup, Dover, and Canadian National Railway are among companies hosting earnings conference calls.</p><p><blockquote>哈里伯顿、宝洁、强生、Synchrony、Travelers、Philip Morris International、Kansas City Southern、WD-40、盈透证券集团、Netflix、万宝盛华、Dover和加拿大国家铁路等公司在评级举办财报会议。</blockquote></p><p> <b>Wednesday 10/20</b></p><p><blockquote><b>星期三10/20</b></blockquote></p><p> <b>The Federal Reserve</b> releases its beige book about current economic conditions across the central bank’s 12 districts.</p><p><blockquote><b>美联储</b>发布了关于央行12个地区当前经济状况的褐皮书。</blockquote></p><p> Abbott Laboratories, Biogen, NextEra Energy, ASML Holding, Nasdaq, Canadian Pacific Railway, Verizon Communications, CSX, Lam Research, Tesla, IBM, and Anthem discuss quarterly financial results.</p><p><blockquote>雅培实验室、Biogen、NextEra Energy、ASML Holding、纳斯达克、加拿大太平洋铁路、Verizon Communications、CSX、Lam Research、特斯拉、IBM和Anthem讨论季度财务业绩。</blockquote></p><p> <b>Thursday 10/21</b></p><p><blockquote><b>星期四10/21</b></blockquote></p><p> <b>The National Association</b> of Realtors reports existing-home sales for September. Economists forecast a seasonally adjusted annual rate of 6.10 million homes sold, compared with 5.88 million homes in August.</p><p><blockquote><b>全国协会</b>房地产经纪人报告9月份现房销售情况。经济学家预测，经季节调整后的房屋销售量年率为610万套，而8月份为588万套。</blockquote></p><p> Dow, Freeport-McMoRan, Genuine Parts, Southwest Airlines, Valero Energy, Blackstone, Quest Diagnostics, Snap-on, Tractor Supply, Barclays, Danaher, AT&amp;T, Nucor, American Airlines Group, AutoNation, Valero Energy, SL Green Realty, Intel, Snap, Boston Beer, Mattel, and Chipotle Mexican Grill host earnings conference calls to discuss quarterly results.</p><p><blockquote>陶氏化学、自由港麦克莫兰、原厂零件、西南航空、Valero Energy、Blackstone、Quest Diagnostics、Snap-on、Tractor Supply、Barclays、Danaher、AT&amp;T、Nucor、美国航空集团、AutoNation、Valero Energy、SL Green Realty、英特尔、Snap、Boston Beer、Mattel和Chipotle Mexican Grill在评级举办财报会议，讨论季度业绩。</blockquote></p><p> <b>The Philadelphia Fed</b>&nbsp;diffusion index, a measure of overall manufacturing activity, is expected to fall to 24 in October from September’s 30.7 reading.</p><p><blockquote><b>费城联储</b>衡量整体制造业活动的扩散指数预计将从9月份的30.7降至10月份的24。</blockquote></p><p> <b>The Conference Board</b>&nbsp;releases its Leading Economic Index for September. Expectations are for a 0.50% rise, after August’s 0.90% gain.</p><p><blockquote><b>世界大型企业联合会</b>发布9月份领先经济指数。继8月份上涨0.90%后，预计上涨0.50%。</blockquote></p><p> <b>Friday 10/22</b></p><p><blockquote><b>星期五10/22</b></blockquote></p><p> <b>IHS Markit releases</b>&nbsp;the Manufacturing and Services Purchasing Managers’ indexes for October. Consensus estimate for the Manufacturing PMI is 60.3, while the Services PMI is expected to be 54.7, compared with 60.7 and 54.9, respectively, in September.</p><p><blockquote><b>IHS Markit发布</b>10月份制造业和服务业采购经理人指数。制造业PMI普遍预期为60.3，服务业PMI预计为54.7，9月份分别为60.7和54.9。</blockquote></p><p> Whirlpool, Honeywell, Cleveland-Cliffs, Celanese, HCA Healthcare, Schlumberger, Seagate Technology Holdings, VF Corp., and American Express host investor conference calls.</p><p><blockquote>Whirlpool、Honeywell、Cleveland-Cliffs、Celanese、HCA Healthcare、Schlumberger、Seagate Technology Holdings、VF Corp.和American Express在评级举办投资者大会。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla, AT&T, Netflix, ASML, Snap and Other Stocks for Investors to Watch This Week<blockquote>特斯拉、AT&amp;T、Netflix、ASML、Snap等本周值得投资者关注的股票</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla, AT&T, Netflix, ASML, Snap and Other Stocks for Investors to Watch This Week<blockquote>特斯拉、AT&amp;T、Netflix、ASML、Snap等本周值得投资者关注的股票</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-10-18 06:51</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Seventy-two&nbsp;S&amp;P 500&nbsp;companies report earnings this week,&nbsp;as third-quarter earnings season ramps up. Several big U.S. banks got things off to a strong start last week. This week’s earnings highlights&nbsp;will include&nbsp;results from notable companies in telecom, consumer staples, energy, technology, health care, and the airline industry.</p><p><blockquote>随着第三季度财报季的临近，本周有72家标准普尔500指数公司公布了财报。美国几家大型银行上周开局良好。本周的财报亮点将包括电信、必需消费品、能源、科技、医疗保健和航空业著名公司的业绩。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/685ba1e7f4763c12a3c0159fc2469ded\" tg-width=\"1878\" tg-height=\"2461\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> Albertsons and&nbsp;State Street&nbsp;get the ball rolling on Monday.Procter &amp; Gamble,Halliburton,and&nbsp;Johnson &amp; Johnson&nbsp;are Tuesday morning’s highlights, followed by&nbsp;Netflix&nbsp;and&nbsp;United Airlines Holdings&nbsp;after the market closes.</p><p><blockquote>艾伯森(Albertsons)和道富银行(State Street)将于周一启动。宝洁(Procter&amp;Gamble)、哈里伯顿(Halliburton)和强生(Johnson&amp;Johnson)是周二上午的亮点，收盘后紧随其后的是Netflix和联合航空控股(United Airlines Holdings)。</blockquote></p><p> On Wednesday,Verizon Communications,IBM,and Tesla will get the most attention.AT&amp;T, American Airlines Group,Southwest Airlines,and&nbsp;Chipotle Mexican Grill&nbsp;report on Thursday, then&nbsp;American Express,Schlumberger,and&nbsp;Honeywell International&nbsp;close the week on Friday.</p><p><blockquote>周三，Verizon Communications、IBM和特斯拉将受到最多关注。AT&amp;T、美国航空集团、西南航空和Chipotle Mexican Grill将于周四发布报告，然后美国运通、Schlumberger和Honeywell International将于周五收盘。</blockquote></p><p> Economic data highlights this week include the Conference Board’s Leading Economic Index for September on Thursday and&nbsp;IHS Markit’s&nbsp;Manufacturing and Services Purchasing Managers’ indexes for October on Friday. All are seen easing back from their prior months’ levels.</p><p><blockquote>本周经济数据亮点包括周四公布的世界大型企业联合会9月份领先经济指数和周五公布的IHS Markit 10月份制造业和服务业采购经理人指数。所有这些都较前几个月的水平有所回落。</blockquote></p><p> Other releases this week include the Federal Reserve’s most recent Beige Book, describing economic conditions across the U.S., and a pair of September housing-market indicators: The Census Bureau reports new residential construction data on Tuesday and the National Association of Realtors reports existing-home sales on Thursday.</p><p><blockquote>本周发布的其他数据包括美联储最新的褐皮书，描述了美国各地的经济状况，以及两个9月份的房地产市场指标：人口普查局（Census Bureau）周二报告新的住宅建设数据，全国房地产经纪人协会（National Association of Realtors）周四报告现房销售。</blockquote></p><p> <b>Monday 10/18</b></p><p><blockquote><b>星期一10/18</b></blockquote></p><p> <b>The Federal Reserve</b>&nbsp;releases industrial production data for September. Economists are looking for a 0.20% rise after a 0.4% increase in August. Capacity utilization is expected at 76.5% for September, roughly in line with August’s 76.4%.</p><p><blockquote><b>美联储</b>公布9月份工业生产数据。继8月份增长0.4%后，经济学家预计增长0.20%。预计9月份产能利用率为76.5%，与8月份的76.4%大致一致。</blockquote></p><p> Albertsons, Philips, Steel Dynamics, and State Street are among companies releasing quarterly financial results.</p><p><blockquote>艾伯森、飞利浦、Steel Dynamics和道富银行等公司发布了季度财务业绩。</blockquote></p><p> <b>Tuesday 10/19</b></p><p><blockquote><b>星期二10/19</b></blockquote></p><p> <b>The Census Bureau</b> reports new residential construction data for September. Economists forecast a seasonally adjusted annual rate of 1.623 million housing starts, compared with 1.615 million in August.</p><p><blockquote><b>人口普查局</b>报告9月份新住宅建设数据。经济学家预测，经季节调整后的新屋开工年率为162.3万套，8月为161.5万套。</blockquote></p><p> Halliburton, Procter &amp; Gamble, Johnson &amp; Johnson, Synchrony, Travelers, Philip Morris International, Kansas City Southern, WD-40, Interactive Brokers Group, Netflix, ManpowerGroup, Dover, and Canadian National Railway are among companies hosting earnings conference calls.</p><p><blockquote>哈里伯顿、宝洁、强生、Synchrony、Travelers、Philip Morris International、Kansas City Southern、WD-40、盈透证券集团、Netflix、万宝盛华、Dover和加拿大国家铁路等公司在评级举办财报会议。</blockquote></p><p> <b>Wednesday 10/20</b></p><p><blockquote><b>星期三10/20</b></blockquote></p><p> <b>The Federal Reserve</b> releases its beige book about current economic conditions across the central bank’s 12 districts.</p><p><blockquote><b>美联储</b>发布了关于央行12个地区当前经济状况的褐皮书。</blockquote></p><p> Abbott Laboratories, Biogen, NextEra Energy, ASML Holding, Nasdaq, Canadian Pacific Railway, Verizon Communications, CSX, Lam Research, Tesla, IBM, and Anthem discuss quarterly financial results.</p><p><blockquote>雅培实验室、Biogen、NextEra Energy、ASML Holding、纳斯达克、加拿大太平洋铁路、Verizon Communications、CSX、Lam Research、特斯拉、IBM和Anthem讨论季度财务业绩。</blockquote></p><p> <b>Thursday 10/21</b></p><p><blockquote><b>星期四10/21</b></blockquote></p><p> <b>The National Association</b> of Realtors reports existing-home sales for September. Economists forecast a seasonally adjusted annual rate of 6.10 million homes sold, compared with 5.88 million homes in August.</p><p><blockquote><b>全国协会</b>房地产经纪人报告9月份现房销售情况。经济学家预测，经季节调整后的房屋销售量年率为610万套，而8月份为588万套。</blockquote></p><p> Dow, Freeport-McMoRan, Genuine Parts, Southwest Airlines, Valero Energy, Blackstone, Quest Diagnostics, Snap-on, Tractor Supply, Barclays, Danaher, AT&amp;T, Nucor, American Airlines Group, AutoNation, Valero Energy, SL Green Realty, Intel, Snap, Boston Beer, Mattel, and Chipotle Mexican Grill host earnings conference calls to discuss quarterly results.</p><p><blockquote>陶氏化学、自由港麦克莫兰、原厂零件、西南航空、Valero Energy、Blackstone、Quest Diagnostics、Snap-on、Tractor Supply、Barclays、Danaher、AT&amp;T、Nucor、美国航空集团、AutoNation、Valero Energy、SL Green Realty、英特尔、Snap、Boston Beer、Mattel和Chipotle Mexican Grill在评级举办财报会议，讨论季度业绩。</blockquote></p><p> <b>The Philadelphia Fed</b>&nbsp;diffusion index, a measure of overall manufacturing activity, is expected to fall to 24 in October from September’s 30.7 reading.</p><p><blockquote><b>费城联储</b>衡量整体制造业活动的扩散指数预计将从9月份的30.7降至10月份的24。</blockquote></p><p> <b>The Conference Board</b>&nbsp;releases its Leading Economic Index for September. Expectations are for a 0.50% rise, after August’s 0.90% gain.</p><p><blockquote><b>世界大型企业联合会</b>发布9月份领先经济指数。继8月份上涨0.90%后，预计上涨0.50%。</blockquote></p><p> <b>Friday 10/22</b></p><p><blockquote><b>星期五10/22</b></blockquote></p><p> <b>IHS Markit releases</b>&nbsp;the Manufacturing and Services Purchasing Managers’ indexes for October. Consensus estimate for the Manufacturing PMI is 60.3, while the Services PMI is expected to be 54.7, compared with 60.7 and 54.9, respectively, in September.</p><p><blockquote><b>IHS Markit发布</b>10月份制造业和服务业采购经理人指数。制造业PMI普遍预期为60.3，服务业PMI预计为54.7，9月份分别为60.7和54.9。</blockquote></p><p> Whirlpool, Honeywell, Cleveland-Cliffs, Celanese, HCA Healthcare, Schlumberger, Seagate Technology Holdings, VF Corp., and American Express host investor conference calls.</p><p><blockquote>Whirlpool、Honeywell、Cleveland-Cliffs、Celanese、HCA Healthcare、Schlumberger、Seagate Technology Holdings、VF Corp.和American Express在评级举办投资者大会。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/tesla-at-t-netflix-chipotle-and-other-stocks-for-investors-to-watch-this-week-51634497206?mod=hp_LATEST\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"IBM":"IBM","T":"At&T","AAL":"美国航空","INTC":"英特尔",".SPX":"S&P 500 Index","HAL":"哈里伯顿",".IXIC":"NASDAQ Composite","AXP":"美国运通","CMG":"墨式烧烤","TSLA":"特斯拉",".DJI":"道琼斯","LUV":"西南航空","UAL":"联合大陆航空","NFLX":"奈飞","JNJ":"强生"},"source_url":"https://www.barrons.com/articles/tesla-at-t-netflix-chipotle-and-other-stocks-for-investors-to-watch-this-week-51634497206?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1185155570","content_text":"Seventy-two S&P 500 companies report earnings this week, as third-quarter earnings season ramps up. Several big U.S. banks got things off to a strong start last week. This week’s earnings highlights will include results from notable companies in telecom, consumer staples, energy, technology, health care, and the airline industry.\n\nAlbertsons and State Street get the ball rolling on Monday.Procter & Gamble,Halliburton,and Johnson & Johnson are Tuesday morning’s highlights, followed by Netflix and United Airlines Holdings after the market closes.\nOn Wednesday,Verizon Communications,IBM,and Tesla will get the most attention.AT&T, American Airlines Group,Southwest Airlines,and Chipotle Mexican Grill report on Thursday, then American Express,Schlumberger,and Honeywell International close the week on Friday.\nEconomic data highlights this week include the Conference Board’s Leading Economic Index for September on Thursday and IHS Markit’s Manufacturing and Services Purchasing Managers’ indexes for October on Friday. All are seen easing back from their prior months’ levels.\nOther releases this week include the Federal Reserve’s most recent Beige Book, describing economic conditions across the U.S., and a pair of September housing-market indicators: The Census Bureau reports new residential construction data on Tuesday and the National Association of Realtors reports existing-home sales on Thursday.\nMonday 10/18\nThe Federal Reserve releases industrial production data for September. Economists are looking for a 0.20% rise after a 0.4% increase in August. Capacity utilization is expected at 76.5% for September, roughly in line with August’s 76.4%.\nAlbertsons, Philips, Steel Dynamics, and State Street are among companies releasing quarterly financial results.\nTuesday 10/19\nThe Census Bureau reports new residential construction data for September. Economists forecast a seasonally adjusted annual rate of 1.623 million housing starts, compared with 1.615 million in August.\nHalliburton, Procter & Gamble, Johnson & Johnson, Synchrony, Travelers, Philip Morris International, Kansas City Southern, WD-40, Interactive Brokers Group, Netflix, ManpowerGroup, Dover, and Canadian National Railway are among companies hosting earnings conference calls.\nWednesday 10/20\nThe Federal Reserve releases its beige book about current economic conditions across the central bank’s 12 districts.\nAbbott Laboratories, Biogen, NextEra Energy, ASML Holding, Nasdaq, Canadian Pacific Railway, Verizon Communications, CSX, Lam Research, Tesla, IBM, and Anthem discuss quarterly financial results.\nThursday 10/21\nThe National Association of Realtors reports existing-home sales for September. Economists forecast a seasonally adjusted annual rate of 6.10 million homes sold, compared with 5.88 million homes in August.\nDow, Freeport-McMoRan, Genuine Parts, Southwest Airlines, Valero Energy, Blackstone, Quest Diagnostics, Snap-on, Tractor Supply, Barclays, Danaher, AT&T, Nucor, American Airlines Group, AutoNation, Valero Energy, SL Green Realty, Intel, Snap, Boston Beer, Mattel, and Chipotle Mexican Grill host earnings conference calls to discuss quarterly results.\nThe Philadelphia Fed diffusion index, a measure of overall manufacturing activity, is expected to fall to 24 in October from September’s 30.7 reading.\nThe Conference Board releases its Leading Economic Index for September. Expectations are for a 0.50% rise, after August’s 0.90% gain.\nFriday 10/22\nIHS Markit releases the Manufacturing and Services Purchasing Managers’ indexes for October. Consensus estimate for the Manufacturing PMI is 60.3, while the Services PMI is expected to be 54.7, compared with 60.7 and 54.9, respectively, in September.\nWhirlpool, Honeywell, Cleveland-Cliffs, Celanese, HCA Healthcare, Schlumberger, Seagate Technology Holdings, VF Corp., and American Express host investor conference calls.","news_type":1,"symbols_score_info":{".DJI":0.9,"UAL":0.9,"LUV":0.9,"CMG":0.9,"IBM":0.9,"JNJ":0.9,"INTC":0.9,"NFLX":0.9,".IXIC":0.9,"TSLA":0.9,"HAL":0.9,"T":0.9,".SPX":0.9,"AAL":0.9,"AXP":0.9}},"isVote":1,"tweetType":1,"viewCount":423,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":824298055,"gmtCreate":1634312756842,"gmtModify":1634312757235,"author":{"id":"3577608661218389","authorId":"3577608661218389","name":"DansonYong","avatar":"https://static.tigerbbs.com/d847e6b2cafe58e68ceb1d9adcb8038f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577608661218389","idStr":"3577608661218389"},"themes":[],"htmlText":"Hard say","listText":"Hard say","text":"Hard say","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/824298055","repostId":"1139202309","repostType":4,"repost":{"id":"1139202309","kind":"news","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1634280465,"share":"https://www.laohu8.com/m/news/1139202309?lang=zh_CN&edition=full","pubTime":"2021-10-15 14:47","market":"us","language":"en","title":"What Happens When the Fed Tapers?<blockquote>美联储缩减规模会发生什么？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139202309","media":"Benzinga","summary":"What happens when the Fed tapers? That is the billion (or trillion) dollar question. Before we delve","content":"<p>What happens when the Fed tapers? That is the billion (or trillion) dollar question. Before we delve into the possible outcome(s) though, we must first understand what tapering means.</p><p><blockquote>美联储缩减规模会发生什么？这是一个价值十亿（或万亿）美元的问题。然而，在我们深入研究可能的结果之前，我们必须首先理解缩减意味着什么。</blockquote></p><p> In response to the coronavirus pandemic, the Federal Reserve&nbsp;slashed interest rates to zero in March 2020&nbsp;to help bolster growth. It also began its $120 billion in monthly asset purchases, a program known as quantitative easing (QE) that has roughly doubled the Fed’s balance sheet to about $8.5 trillion since the start of the pandemic.</p><p><blockquote>为了应对冠状病毒大流行，美联储于2020年3月将利率下调至零，以帮助提振增长。它还开始每月购买1200亿美元的资产，这是一项被称为量化宽松（QE）的计划，自疫情开始以来，该计划已使美联储的资产负债表增加了大约一倍，达到约8.5万亿美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d66984161d481448082b5856b1c7465c\" tg-width=\"1200\" tg-height=\"800\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cfe5a1c43965ba4fe7c492c026c915b8\" tg-width=\"1200\" tg-height=\"800\" width=\"100%\" height=\"auto\"><span>Source: Board of Governors of the Federal Reserve System</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：联邦储备系统理事会</span></p></blockquote></p><p> QE helps by reducing long-term interest rates, thereby encouraging borrowing to help spur spending, and in turn, the economy. In doing so, the Fed essentially reduces the available supply of these bonds in the open market, forcing investors who want to own them to drive up prices. Driving up bond prices has the effect of lowering interest rates, which lowers the borrowing costs of households on their mortgages, or the costs of corporations to borrow by issuing debt.</p><p><blockquote>量化宽松有助于降低长期利率，从而鼓励借贷以帮助刺激支出，进而刺激经济。通过这样做，美联储实质上减少了这些债券在公开市场上的可用供应，迫使想要持有它们的投资者推高价格。推高债券价格会降低利率，从而降低家庭抵押贷款的借贷成本，或企业通过发行债务借款的成本。</blockquote></p><p> As the Fed eases the pace and pares back the amount of these purchases, tapering begins with the ultimate goal of sending interest rates back to “normal.” Tapering can impact long-term interest rates, as this typically sends a signal to the markets that the Fed is shifting to a less accommodative policy stance in the future. The key is to understand that tapering does not mean the Fed stops purchasing assets, but it just reduces the pace of its balance sheet expansion. This is different than tightening, which means the Fed will no longer add assets to its balance sheet and will instead reduce the assets it holds by selling them — with&nbsp;large companies recently&nbsp;including&nbsp;<b>Caterpillar Inc.</b>&nbsp;and&nbsp;<b>Home Depot</b>&nbsp;taking advantage of to issue new bonds.</p><p><blockquote>随着美联储放慢步伐并削减这些购买数量，缩减购债规模的最终目标是让利率回归“正常”。缩减规模可能会影响长期利率，因为这通常会向市场发出信号，表明美联储未来将转向不太宽松的政策立场。关键是要明白，缩减并不意味着美联储停止购买资产，而只是降低了其资产负债表扩张的步伐。这与紧缩不同，紧缩意味着美联储将不再在其资产负债表上增加资产，而是通过出售资产来减少其持有的资产——最近大公司包括<b>卡特彼勒公司。</b>和<b>家得宝</b>利用发行新债券。</blockquote></p><p> Aside from interest rates, tapering could have an impact on the U.S. dollar. The trajectory of the U.S. dollar is important for investors as it impacts everything from commodity prices to corporate earnings. Higher yields make dollar-denominated assets more attractive to income seeking investors. Tapering is typically bullish for the dollar as it means a move toward tighter monetary policy. Since currencies normally appreciate when their domestic short-term rates rise, as the Fed continues to signal imminent tightening, markets are pricing in higher rates. This offers support to the dollar amid an already choppy risk environment that is a positive for the safe haven dollar. As mentioned above, if the Fed will be buying fewer debt assets, there would be fewer dollars in circulation.</p><p><blockquote>除了利率之外，缩减购债规模也可能对美元产生影响。美元的走势对投资者来说很重要，因为它影响着从大宗商品价格到企业盈利的方方面面。较高的收益率使美元计价资产对寻求收入的投资者更具吸引力。缩减购债规模通常对美元有利，因为这意味着货币政策转向收紧。由于当国内短期利率上升时，货币通常会升值，随着美联储继续发出即将紧缩的信号，市场正在消化更高的利率。在本已动荡的风险环境中，这为美元提供了支撑，这对避险美元有利。如上所述，如果美联储购买更少的债务资产，流通中的美元就会减少。</blockquote></p><p> The market is anticipating the beginning of the taper process could begin sometime in the fourth quarter of this year, possibly as soon as November. In addition, half of the Fed vice presidents project interest rates rising at some point in 2022. Fed Chairman Powell is anticipating the taper process could end around the middle of next year, as long as the recovery remains on track. The Central Bank has insisted that they expect to keep the funds rate near zero until labor market conditions have reached levels consistent with their projections of maximum employment. We are nowhere near pre-pandemic unemployment levels (with 8.4 million unemployed persons in the U.S. now versus 5.7 million in February 2020). This could lead to concern over whether the Fed risks tightening monetary policy at a time when the economy might be significantly weaker than it already is today. At the end of the day, if the Fed is priming the markets for a taper in the fourth quarter of 2021, we could be in for a period of extended volatility.</p><p><blockquote>市场预计缩减进程可能会在今年第四季度的某个时候开始，最早可能在11月。此外，一半的美联储副主席预计利率将在2022年的某个时候上升。美联储主席鲍威尔预计，只要复苏仍在正轨上，缩减进程可能会在明年年中左右结束。央行坚称，他们预计将基金利率保持在接近零的水平，直到劳动力市场状况达到与其最大就业预测一致的水平。我们远未达到大流行前的失业率水平（美国目前有840万失业人员，而2020年2月为570万）。这可能会引发人们的担忧，即在经济可能明显弱于目前的情况下，美联储是否会冒险收紧货币政策。归根结底，如果美联储为2021年第四季度缩减规模做好市场准备，我们可能会面临一段长期波动的时期。</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>What Happens When the Fed Tapers?<blockquote>美联储缩减规模会发生什么？</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\">\nWhat Happens When the Fed Tapers?<blockquote>美联储缩减规模会发生什么？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time smaller\">2021-10-15 14:47</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>What happens when the Fed tapers? That is the billion (or trillion) dollar question. Before we delve into the possible outcome(s) though, we must first understand what tapering means.</p><p><blockquote>美联储缩减规模会发生什么？这是一个价值十亿（或万亿）美元的问题。然而，在我们深入研究可能的结果之前，我们必须首先理解缩减意味着什么。</blockquote></p><p> In response to the coronavirus pandemic, the Federal Reserve&nbsp;slashed interest rates to zero in March 2020&nbsp;to help bolster growth. It also began its $120 billion in monthly asset purchases, a program known as quantitative easing (QE) that has roughly doubled the Fed’s balance sheet to about $8.5 trillion since the start of the pandemic.</p><p><blockquote>为了应对冠状病毒大流行，美联储于2020年3月将利率下调至零，以帮助提振增长。它还开始每月购买1200亿美元的资产，这是一项被称为量化宽松（QE）的计划，自疫情开始以来，该计划已使美联储的资产负债表增加了大约一倍，达到约8.5万亿美元。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/d66984161d481448082b5856b1c7465c\" tg-width=\"1200\" tg-height=\"800\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cfe5a1c43965ba4fe7c492c026c915b8\" tg-width=\"1200\" tg-height=\"800\" width=\"100%\" height=\"auto\"><span>Source: Board of Governors of the Federal Reserve System</span></p><p><blockquote><p class=\"t-img-caption\"><span>资料来源：联邦储备系统理事会</span></p></blockquote></p><p> QE helps by reducing long-term interest rates, thereby encouraging borrowing to help spur spending, and in turn, the economy. In doing so, the Fed essentially reduces the available supply of these bonds in the open market, forcing investors who want to own them to drive up prices. Driving up bond prices has the effect of lowering interest rates, which lowers the borrowing costs of households on their mortgages, or the costs of corporations to borrow by issuing debt.</p><p><blockquote>量化宽松有助于降低长期利率，从而鼓励借贷以帮助刺激支出，进而刺激经济。通过这样做，美联储实质上减少了这些债券在公开市场上的可用供应，迫使想要持有它们的投资者推高价格。推高债券价格会降低利率，从而降低家庭抵押贷款的借贷成本，或企业通过发行债务借款的成本。</blockquote></p><p> As the Fed eases the pace and pares back the amount of these purchases, tapering begins with the ultimate goal of sending interest rates back to “normal.” Tapering can impact long-term interest rates, as this typically sends a signal to the markets that the Fed is shifting to a less accommodative policy stance in the future. The key is to understand that tapering does not mean the Fed stops purchasing assets, but it just reduces the pace of its balance sheet expansion. This is different than tightening, which means the Fed will no longer add assets to its balance sheet and will instead reduce the assets it holds by selling them — with&nbsp;large companies recently&nbsp;including&nbsp;<b>Caterpillar Inc.</b>&nbsp;and&nbsp;<b>Home Depot</b>&nbsp;taking advantage of to issue new bonds.</p><p><blockquote>随着美联储放慢步伐并削减这些购买数量，缩减购债规模的最终目标是让利率回归“正常”。缩减规模可能会影响长期利率，因为这通常会向市场发出信号，表明美联储未来将转向不太宽松的政策立场。关键是要明白，缩减并不意味着美联储停止购买资产，而只是降低了其资产负债表扩张的步伐。这与紧缩不同，紧缩意味着美联储将不再在其资产负债表上增加资产，而是通过出售资产来减少其持有的资产——最近大公司包括<b>卡特彼勒公司。</b>和<b>家得宝</b>利用发行新债券。</blockquote></p><p> Aside from interest rates, tapering could have an impact on the U.S. dollar. The trajectory of the U.S. dollar is important for investors as it impacts everything from commodity prices to corporate earnings. Higher yields make dollar-denominated assets more attractive to income seeking investors. Tapering is typically bullish for the dollar as it means a move toward tighter monetary policy. Since currencies normally appreciate when their domestic short-term rates rise, as the Fed continues to signal imminent tightening, markets are pricing in higher rates. This offers support to the dollar amid an already choppy risk environment that is a positive for the safe haven dollar. As mentioned above, if the Fed will be buying fewer debt assets, there would be fewer dollars in circulation.</p><p><blockquote>除了利率之外，缩减购债规模也可能对美元产生影响。美元的走势对投资者来说很重要，因为它影响着从大宗商品价格到企业盈利的方方面面。较高的收益率使美元计价资产对寻求收入的投资者更具吸引力。缩减购债规模通常对美元有利，因为这意味着货币政策转向收紧。由于当国内短期利率上升时，货币通常会升值，随着美联储继续发出即将紧缩的信号，市场正在消化更高的利率。在本已动荡的风险环境中，这为美元提供了支撑，这对避险美元有利。如上所述，如果美联储购买更少的债务资产，流通中的美元就会减少。</blockquote></p><p> The market is anticipating the beginning of the taper process could begin sometime in the fourth quarter of this year, possibly as soon as November. In addition, half of the Fed vice presidents project interest rates rising at some point in 2022. Fed Chairman Powell is anticipating the taper process could end around the middle of next year, as long as the recovery remains on track. The Central Bank has insisted that they expect to keep the funds rate near zero until labor market conditions have reached levels consistent with their projections of maximum employment. We are nowhere near pre-pandemic unemployment levels (with 8.4 million unemployed persons in the U.S. now versus 5.7 million in February 2020). This could lead to concern over whether the Fed risks tightening monetary policy at a time when the economy might be significantly weaker than it already is today. At the end of the day, if the Fed is priming the markets for a taper in the fourth quarter of 2021, we could be in for a period of extended volatility.</p><p><blockquote>市场预计缩减进程可能会在今年第四季度的某个时候开始，最早可能在11月。此外，一半的美联储副主席预计利率将在2022年的某个时候上升。美联储主席鲍威尔预计，只要复苏仍在正轨上，缩减进程可能会在明年年中左右结束。央行坚称，他们预计将基金利率保持在接近零的水平，直到劳动力市场状况达到与其最大就业预测一致的水平。我们远未达到大流行前的失业率水平（美国目前有840万失业人员，而2020年2月为570万）。这可能会引发人们的担忧，即在经济可能明显弱于目前的情况下，美联储是否会冒险收紧货币政策。归根结底，如果美联储为2021年第四季度缩减规模做好市场准备，我们可能会面临一段长期波动的时期。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139202309","content_text":"What happens when the Fed tapers? That is the billion (or trillion) dollar question. Before we delve into the possible outcome(s) though, we must first understand what tapering means.\nIn response to the coronavirus pandemic, the Federal Reserve slashed interest rates to zero in March 2020 to help bolster growth. It also began its $120 billion in monthly asset purchases, a program known as quantitative easing (QE) that has roughly doubled the Fed’s balance sheet to about $8.5 trillion since the start of the pandemic.\n\nSource: Board of Governors of the Federal Reserve System\nQE helps by reducing long-term interest rates, thereby encouraging borrowing to help spur spending, and in turn, the economy. In doing so, the Fed essentially reduces the available supply of these bonds in the open market, forcing investors who want to own them to drive up prices. Driving up bond prices has the effect of lowering interest rates, which lowers the borrowing costs of households on their mortgages, or the costs of corporations to borrow by issuing debt.\nAs the Fed eases the pace and pares back the amount of these purchases, tapering begins with the ultimate goal of sending interest rates back to “normal.” Tapering can impact long-term interest rates, as this typically sends a signal to the markets that the Fed is shifting to a less accommodative policy stance in the future. The key is to understand that tapering does not mean the Fed stops purchasing assets, but it just reduces the pace of its balance sheet expansion. This is different than tightening, which means the Fed will no longer add assets to its balance sheet and will instead reduce the assets it holds by selling them — with large companies recently including Caterpillar Inc. and Home Depot taking advantage of to issue new bonds.\nAside from interest rates, tapering could have an impact on the U.S. dollar. The trajectory of the U.S. dollar is important for investors as it impacts everything from commodity prices to corporate earnings. Higher yields make dollar-denominated assets more attractive to income seeking investors. Tapering is typically bullish for the dollar as it means a move toward tighter monetary policy. Since currencies normally appreciate when their domestic short-term rates rise, as the Fed continues to signal imminent tightening, markets are pricing in higher rates. This offers support to the dollar amid an already choppy risk environment that is a positive for the safe haven dollar. As mentioned above, if the Fed will be buying fewer debt assets, there would be fewer dollars in circulation.\nThe market is anticipating the beginning of the taper process could begin sometime in the fourth quarter of this year, possibly as soon as November. In addition, half of the Fed vice presidents project interest rates rising at some point in 2022. Fed Chairman Powell is anticipating the taper process could end around the middle of next year, as long as the recovery remains on track. The Central Bank has insisted that they expect to keep the funds rate near zero until labor market conditions have reached levels consistent with their projections of maximum employment. We are nowhere near pre-pandemic unemployment levels (with 8.4 million unemployed persons in the U.S. now versus 5.7 million in February 2020). This could lead to concern over whether the Fed risks tightening monetary policy at a time when the economy might be significantly weaker than it already is today. At the end of the day, if the Fed is priming the markets for a taper in the fourth quarter of 2021, we could be in for a period of extended volatility.","news_type":1,"symbols_score_info":{".IXIC":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":506,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":860860472,"gmtCreate":1632152590396,"gmtModify":1632802462140,"author":{"id":"3577608661218389","authorId":"3577608661218389","name":"DansonYong","avatar":"https://static.tigerbbs.com/d847e6b2cafe58e68ceb1d9adcb8038f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577608661218389","idStr":"3577608661218389"},"themes":[],"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/860860472","repostId":"2168408683","repostType":4,"isVote":1,"tweetType":1,"viewCount":486,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":880899177,"gmtCreate":1631028737899,"gmtModify":1631883868477,"author":{"id":"3577608661218389","authorId":"3577608661218389","name":"DansonYong","avatar":"https://static.tigerbbs.com/d847e6b2cafe58e68ceb1d9adcb8038f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577608661218389","idStr":"3577608661218389"},"themes":[],"htmlText":"Yesss","listText":"Yesss","text":"Yesss","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/880899177","repostId":"1130130857","repostType":4,"repost":{"id":"1130130857","kind":"news","pubTimestamp":1631007146,"share":"https://www.laohu8.com/m/news/1130130857?lang=zh_CN&edition=full","pubTime":"2021-09-07 17:32","market":"us","language":"en","title":"Strategists Say the Stock Market Could Struggle This Fall. What to Buy Now?<blockquote>策略师表示，今年秋天股市可能会陷入困境。现在买什么？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1130130857","media":"Barron's","summary":"What a year this has been for the markets!Fueled by a torrent of monetary and fiscal stimulus, economic and earnings growth, and  a mostly receding pandemic, theS&P 500stock index has rallied 20%, notching seven straight months of gains and more than 50 highs along the way. And that’s on top of last year’s 68% rebound from the market’s March 2020 lows.Tailwinds remain in place, but headwinds now loom that could slow stocks’ advance. Stimulus spending has peaked, and economic and corporate-earnin","content":"<p>What a year this has been for the markets! Fueled by a torrent of monetary and fiscal stimulus, economic and earnings growth, and (until recently) a mostly receding pandemic, theS&amp;P 500stock index has rallied 20%, notching seven straight months of gains and more than 50 highs along the way. And that’s on top of last year’s 68% rebound from the market’s March 2020 lows.</p><p><blockquote>对于市场来说，这是多么美好的一年啊！在货币和财政刺激、经济和盈利增长以及（直到最近）疫情基本消退的推动下，标准普尔500股票指数已上涨20%，连续七个月上涨，并创下50多个高点。除此之外，去年市场从2020年3月的低点反弹了68%。</blockquote></p><p> Tailwinds remain in place, but headwinds now loom that could slow stocks’ advance. Stimulus spending has peaked, and economic and corporate-earnings growth are likely to decelerate through the end of the year. What’s more, theFederal Reserve has all but promised to start tapering its bond buyingin coming months, and the Biden administration has proposed hiking corporate and personal tax rates. None of this is apt to sit well with holders of increasingly pricey shares.</p><p><blockquote>顺风依然存在，但逆风现在迫在眉睫，可能会减缓股市的上涨。刺激支出已经见顶，经济和企业盈利增长可能会在今年年底放缓。此外，美联储几乎承诺在未来几个月开始缩减债券购买规模，拜登政府也提议提高企业和个人税率。这些都不会让股价越来越贵的持有者满意。</blockquote></p><p> In other words,brace for a volatile fallin which conflicting forces buffet stocks, bonds, and investors. “The everything rally is behind us,” says Saira Malik, chief investment officer of global equities at Nuveen. “It’s not going to be a sharply rising economic tide that lifts all boats from here.”</p><p><blockquote>换句话说，要做好迎接波动性下跌的准备，这种冲突迫使巴菲特股票、债券和投资者。Nuveen全球股票首席投资官Saira Malik表示：“一切反弹都已经过去。”“这不会是一场急剧上升的经济浪潮，将所有船只从这里抬起。”</blockquote></p><p> That’s the general consensus among the six market strategists and chief investment officers whom<i>Barron’s</i>recently consulted. All see the S&amp;P 500 ending the year near Thursday’s close of 4536. Their average target: 4585.</p><p><blockquote>这是六位市场策略师和首席投资官的普遍共识<i>巴伦周刊</i>最近咨询过。所有人都认为标普500将在周四收盘价4536点附近结束今年。他们的平均目标是：4585。</blockquote></p><p> Next year’s gains look muted, as well, relative to recent trends. The group expects the S&amp;P 500 to tack on another 6% in 2022, rising to about 4800.</p><p><blockquote>相对于最近的趋势，明年的涨幅看起来也很微弱。该集团预计2022年标普500将再增加6%，升至约4800。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/eb61c7b74b9b0f18a019afb4ac44ad59\" tg-width=\"300\" tg-height=\"645\" referrerpolicy=\"no-referrer\">With stocks trading for about 21 times the coming year’s expected earnings,bonds yielding little, and cash yielding less than nothing after accounting for inflation, investors face tough asset-allocation decisions. In place of the “everything rally,” which lifted fast-growing tech stocks, no-growth meme stocks, and the Dogecoins of the digital world, our market watchers recommend focusing on “quality” investments. In equities, that means shares of businesses with solid balance sheets, expanding profit margins, and ample and recurring free cash flow. Even if the averages do little in coming months, these stocks are likely to shine.</p><p><blockquote>由于股票交易价格约为来年预期收益的21倍，债券收益率很低，考虑通货膨胀后现金收益率低于零，投资者面临着艰难的资产配置决策。我们的市场观察人士建议关注“优质”投资，而不是提振快速增长的科技股、无增长的模因股和数字世界的狗狗币的“一切反弹”。在股票方面，这意味着拥有稳健的资产负债表、不断扩大的利润率以及充足且经常性的自由现金流的企业的股票。即使未来几个月平均指数表现不大，这些股票也可能会大放异彩。</blockquote></p><p> The stock market’s massive rally in the past year was a gift of sorts from the Federal Reserve, which flooded the financial system with money to stave off theeconomic damage wrought by the Covid pandemic. Since March 2020, the U.S. central bank has been buying a combined $120 billion a month of U.S. Treasuries and mortgage-backed securities, while keeping its benchmark federal-funds rate target at 0% to 0.25%. These moves have depressed bond yields and pushed investors into riskier assets, including stocks.</p><p><blockquote>过去一年股市的大幅上涨是美联储的一份礼物，美联储向金融体系注入了大量资金，以避免新冠疫情造成的经济损失。自2020年3月以来，美联储每月购买总计1200亿美元的美国国债和抵押贷款支持证券，同时将基准联邦基金利率目标维持在0%至0.25%。这些举措压低了债券收益率，并推动投资者进入包括股票在内的风险较高的资产。</blockquote></p><p> Fed Chairman Jerome <a href=\"https://laohu8.com/S/POWL\">Powell</a> has said that the central bank might begin to wind down, or taper, its emergency asset purchases sometime in the coming quarters, a move that could roil risk assets of all sorts. “For us, it’s very simple: Tapering is tightening,” says Mike Wilson, chief investment officer and chief U.S. equity strategist atMorgan Stanley.“It’s the first step away from maximum accommodation [by the Fed]. They’re being very calculated about it this time, but the bottom line is that it should have a negative effect on equity valuations.”</p><p><blockquote>美联储主席杰罗姆<a href=\"https://laohu8.com/S/POWL\">鲍威尔</a>曾表示，央行可能会在未来几个季度的某个时候开始逐步减少或缩减紧急资产购买，此举可能会扰乱各类风险资产。摩根士丹利(Morgan Stanley)首席投资官兼首席美国股票策略师威尔逊(Mike Wilson)表示：“对我们来说，缩减规模很简单：缩减规模就是紧缩。这是（美联储）距离最大限度宽松政策迈出的第一步。他们这次对此非常谨慎，但底线是，这应该会对股票估值产生负面影响。”</blockquote></p><p> The government’s stimulus spending, too, has peaked, the strategists note. Supplemental federal unemployment benefits of $300 a week expire as of Sept. 6. Although Congress seems likely to pass a bipartisan infrastructure bill this fall, the near-term economic impact will pale in comparison to the multiple rounds of stimulus introduced since March 2020.</p><p><blockquote>策略师指出，政府的刺激支出也已见顶。每周300美元的补充联邦失业救济金将于9月6日到期。尽管国会似乎有可能在今年秋天通过一项两党基础设施法案，但与2020年3月以来推出的多轮刺激措施相比，近期的经济影响将相形见绌。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c2cb76c498c1c4c980139e3d0514c261\" tg-width=\"300\" tg-height=\"645\" referrerpolicy=\"no-referrer\">The bill includes about $550 billion in new spending—a fraction of the trillions authorized by previous laws—and it will be spread out over many years. The short-term boost that infrastructure stimulus will give to consumer spending, which accounts for almost 70% of U.S. growth domestic product, won’t come close to what the economy saw after millions of Americans received checks from the government this past year.</p><p><blockquote>该法案包括约5500亿美元的新支出——只是之前法律授权的数万亿美元的一小部分——并且将分散在许多年内。基础设施刺激措施将给消费者支出带来的短期提振，占美国国内生产总值增长的近70%，但不会接近去年数百万美国人收到政府支票后的经济增长。</blockquote></p><p> A budget bill approved by Democrats only should follow the infrastructure bill, and include spending to support Medicare expansion, child-care funding, free community-college tuition, public housing, and climate-related measures, among other party priorities. Congress could vote to lift taxes on corporations and high-earning individuals to offset that spending—another near-term risk to the market.</p><p><blockquote>仅由民主党批准的预算法案应该遵循基础设施法案，并包括支持医疗保险扩张、儿童保育资金、免费社区大学学费、公共住房和气候相关措施以及其他政党优先事项的支出。国会可能会投票提高企业和高收入个人的税收，以抵消这些支出——这是市场面临的另一个近期风险。</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/6693da658db16059fc99e08a7531675f\" tg-width=\"300\" tg-height=\"645\" referrerpolicy=\"no-referrer\">Other politically charged issues likewise could derail equities this fall. Congress needs to pass a debt-ceiling increase to fund the government, and a stop-gap spending bill later this month to avoid a <a href=\"https://laohu8.com/S/WASH\">Washington</a> shutdown in October.</p><p><blockquote>今年秋天，其他带有政治色彩的问题同样可能会让股市脱轨。国会需要通过提高债务上限来为政府提供资金，并在本月晚些时候通过一项权宜之计的支出法案来避免<a href=\"https://laohu8.com/S/WASH\">华盛顿州</a>10月停工。</blockquote></p><p> For now, our market experts are relatively sanguine about the economic impact of the Delta variant of Covid-19. As long as vaccines remain effective in minimizing severe infections that lead to hospitalizations and deaths, the negative effects of the current Covid wave will be limited largely to the travel industry and movie theaters, they say. Wall Street’s base case for the market doesn’t include a renewed wave of lockdowns that would undermine economic growth.</p><p><blockquote>目前，我们的市场专家对Covid-19德尔塔变异毒株的经济影响相对乐观。他们说，只要疫苗在最大限度地减少导致住院和死亡的严重感染方面仍然有效，当前Covid浪潮的负面影响将主要限于旅游业和电影院。华尔街对市场的基本假设不包括会破坏经济增长的新一波封锁。</blockquote></p><p> Inflation has been a hot topic at the Fed and among investors, partly because it has been running so hot of late. The U.S. consumer price index rose at an annualized 5.4% in both June and July—a spike the Fed calls transitory, although others aren’t so sure. The strategists are taking Powell’s side of the argument; they expect inflation to fall significantly next year. Their forecasts fall between 2.5% and 3.5%, which they consider manageable for consumers and companies, and an acceptable side effect of rapid economic growth. An inflation rate above 2.5%, however, combined with Fed tapering, would mean that now ultralow bond yields should rise.</p><p><blockquote>通胀一直是美联储和投资者的热门话题，部分原因是通胀最近非常火爆。6月和7月，美国消费者价格指数年化涨幅为5.4%，这是美联储评级暂时性的飙升，尽管其他人不太确定。策略师们站在鲍威尔一边。他们预计明年通胀将大幅下降。他们的预测在2.5%至3.5%之间，他们认为这对消费者和公司来说是可控的，也是经济快速增长的可接受的副作用。然而，通胀率高于2.5%，加上美联储缩减规模，意味着目前超低的债券收益率应该会上升。</blockquote></p><p> “We think inflation will continue to run hotter than it has since the financial crisis, but it’s hard for us to see inflation much over 2.5% once many of the reopening-related pressures start to dissipate,” says Michael Fredericks, head of income investing for theBlackRockMulti-Asset Strategies Group. “So bond yields do need to move up, but that will happen gradually.”</p><p><blockquote>收益投资主管迈克尔·弗雷德里克斯(Michael Fredericks)表示：“我们认为通胀将继续比金融危机以来更高，但一旦许多与重新开放相关的压力开始消散，我们很难看到通胀率远高于2.5%。”贝莱德多资产策略集团。“因此债券收益率确实需要上升，但这将逐渐发生。”</blockquote></p><p> The strategists see the yield on the 10-year U.S. Treasury note climbing to around 1.65% by year end. That’s about 35 basis points—or hundredths of a percentage point—above current levels, but below the 1.75% that the yield reached at its March 2021 highs. By next year, the 10-year Treasury could yield 2%, the group says. Those aren’t big moves in absolute terms, but they’re meaningful for&nbsp;the bond market—and could be even more so for stocks.</p><p><blockquote>策略师预计，到年底，10年期美国国债收益率将攀升至1.65%左右。这比当前水平高出约35个基点（即百分之几个百分点），但低于2021年3月收益率高点时达到的1.75%。该组织表示，到明年，10年期国债收益率可能达到2%。从绝对值来看，这些举措并不是很大，但对债券市场来说意义重大，对股票来说可能更是如此。</blockquote></p><p> Rising yields tend to weigh on stock valuations for two reasons. Higher-yielding bonds offer competition to stocks, and companies’ future earnings are worthless in the present when discounting them at a higher rate. Still, a 10-year yield around 2% won’t be enough to knock stock valuations down to pre-Covid levels. Even if yields climb, market strategists see the price/earnings multiple of the S&amp;P 500 holding well above its 30-year average of 16 times forward earnings. The index’s forward P/E topped 23 last fall.</p><p><blockquote>收益率上升往往会打压股票估值，原因有二。高收益债券提供了与股票的竞争，当以更高的利率贴现时，公司的未来收益在目前毫无价值。尽管如此，2%左右的10年期国债收益率仍不足以将股票估值降至新冠疫情爆发前的水平。即使收益率攀升，市场策略师认为标普500的市盈率仍远高于预期市盈率16倍的30年平均水平。去年秋天，该指数的远期市盈率突破23。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e08d24cb421d7cc13debd76a9c6fea01\" tg-width=\"660\" tg-height=\"434\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> As long as 10-year Treasury yields stay in the 2% range, the S&amp;P 500 should be able to command a forward P/E in the high teens, strategists say. A return to the 16-times long-term average isn’t in the cards until there is more pressure from much higher yields—or something else that causes stocks to fall.</p><p><blockquote>策略师表示，只要10年期国债收益率保持在2%的范围内，标普500的远期市盈率就应该能够在十几岁左右。除非收益率高得多或其他导致股市下跌的因素带来更大压力，否则不可能回到16倍的长期平均水平。</blockquote></p><p> If yields surge past 2% or 2.25%, investors could start to question equity valuations more seriously, says&nbsp;<a href=\"https://laohu8.com/S/STT\">State</a> Street’schief portfolio strategist, Gaurav Mallik: “We haven’t seen [the 10-year yield] above 2% for some time now, so that’s an important sentiment level for investors.”</p><p><blockquote>表示，如果收益率飙升超过2%或2.25%，投资者可能会开始更严重地质疑股票估值<a href=\"https://laohu8.com/S/STT\">国家</a>Street首席投资组合策略师Gaurav Mallik：“我们已经有一段时间没有看到（10年期国债收益率）超过2%了，因此这对投资者来说是一个重要的情绪水平。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/93ff6490069ab5dc1b4057f1ff7966f3\" tg-width=\"664\" tg-height=\"441\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Wilson is more concerned, noting that the stock market’s valuation risk is asymmetric: “It’s very unlikely that multiples are going to go up, and there’s a good chance that they go down more than 10% given the deceleration in growth and where we are in the cycle,” he says</p><p><blockquote>威尔逊更担心，他指出，股市的估值风险是不对称的：“市盈率不太可能上升，考虑到增长放缓和我们所处的位置，市盈率很有可能下降10%以上。在周期中，”他说</blockquote></p><p> If 16 to 23 times forward earnings is the range, he adds, “you’re already at the very high end of that. There’s more potential risk than reward.”</p><p><blockquote>他补充道，如果预期市盈率为16至23倍，“你已经处于这个范围的很高端。潜在风险大于回报。”</blockquote></p><p> Some P/E-multiple compression is baked into all six strategists’ forecasts, heaping greater importance on the path of profit growth. On average, the strategists expect S&amp;P 500 earnings to jump 46% this year, to about $204, after last year’s earnings depression. That could be followed by a more normalized gain of 9% in 2022, to about $222.50.</p><p><blockquote>所有六位策略师的预测都包含了一些市盈率倍数的压缩，这对利润增长的路径变得更加重要。平均而言，策略师预计，继去年的盈利低迷之后，标普500今年的盈利将增长46%，至204美元左右。随后，2022年可能会上涨9%，达到约222.50美元。</blockquote></p><p></p><p> A potential headwind would be a higher federal corporate-tax rate in 2022. The details of Democrats’ spending and taxation plans will be worked out in the coming weeks, and investors can expect to hear a lot more about potential tax increases. Several strategists see a 25% federal rate on corporate profits as a likely compromise figure, above the 21% in place since 2018, but below the 28% sought by the Biden administration.</p><p><blockquote>一个潜在的阻力是2022年联邦企业税率上升。民主党支出和税收计划的细节将在未来几周内制定出来，投资者可以期待听到更多有关潜在增税的消息。几位策略师认为，25%的联邦企业利润税率可能是一个妥协数字，高于2018年以来实施的21%，但低于拜登政府寻求的28%。</blockquote></p><p> An increase of that magnitude would shave about 5% off S&amp;P 500 earnings next year. The index could drop by a similar amount as the passage of the Democrats’ reconciliation bill nears this fall, but the impact should be limited to that initial correction. As with the tax cuts in December 2017, the change should be a <a href=\"https://laohu8.com/S/AONE.U\">one</a>-time event for the market, some strategists predict.</p><p><blockquote>如此幅度的增长将使标普500明年的盈利减少约5%。随着今年秋天民主党和解法案的通过，该指数可能会下跌类似的幅度，但影响应该仅限于最初的调整。与2017年12月的减税一样，这一变化应该是<a href=\"https://laohu8.com/S/AONE.U\">一</a>——一些策略师预测，市场的时间事件。</blockquote></p><p> These concerns aside, investors shouldn’t miss the bigger picture: The U.S. economy is in good shape and growing robustly. The strategists expect gross domestic product to rise 6.3% this year and about 4% in 2022. “The cyclical uplift and above-trend growth will continue at least through 2022, and we want to be biased toward assets that have that exposure,” says Mallik.</p><p><blockquote>抛开这些担忧不谈，投资者不应错过更大的图景：美国经济状况良好，增长强劲。策略师预计今年国内生产总值将增长6.3%，2022年将增长约4%。Mallik表示：“周期性上涨和高于趋势的增长将至少持续到2022年，我们希望偏向于具有这种风险的资产。”</blockquote></p><p>   “We’re going to have a hot economy this year and next. When GDP growth is above average, value beats growth and cyclicals beat defensives.”— Lori Calvasina, RBC Capital Markets  The State Street strategist recommends overweighting materials, financials, and technology in investment portfolios. That approach includes both economically sensitive companies, such as banks and miners, and steady growers in the tech sector.</p><p><blockquote>“今明两年我们的经济将会火爆。当GDP增长高于平均水平时，价值会战胜增长，周期性会战胜防御性。”—Lori Calvasina，加拿大皇家银行资本市场道富策略师建议在投资组合中增持材料、金融和科技股。这种方法既包括银行和矿业公司等对经济敏感的公司，也包括科技行业的稳定增长者。</blockquote></p><p> RBC Capital Markets’ head of U.S. equity strategy, Lori Calvasina, likewise takes a barbell approach, with both cyclical and growth exposure. Her preferred sectors are energy, financials, and technology.</p><p><blockquote>加拿大皇家银行资本市场(RBC Capital Markets)美国股票策略主管洛里·卡尔瓦西纳(Lori Calvasina)同样采取杠铃法，同时投资周期性和成长性。她最喜欢的行业是能源、金融和技术。</blockquote></p><p> “Valuations are still a lot more attractive in financials and energy than growth [sectors such as technology or consumer discretionary,]” Calvasina says. “The catalyst in the near term is getting out of the current Covid wave... We’re going to have a hot economy this year and next, and traditionally when GDP growth is above average, value beats growth and cyclicals beat defensives.”</p><p><blockquote>卡尔瓦西纳表示：“金融和能源行业的估值仍然比增长行业（科技或非必需消费品等行业）更具吸引力。”“近期的催化剂是摆脱当前的新冠疫情浪潮……今年和明年我们将迎来经济火爆，传统上，当GDP增长高于平均水平时，价值会跑赢增长，周期性会跑赢防御性。”</blockquote></p><p> But the focus on quality will be pivotal, especially moving into the second half of 2022. That’s when the Fed is likely to hike interest rates for the first time in this cycle. By 2023, the economy could return to pre-Covid growth on the order of 2%.</p><p><blockquote>但对质量的关注将是关键，尤其是进入2022年下半年。届时美联储可能会在本周期内首次加息。到2023年，经济可能会恢复到新冠疫情前2%左右的增长。</blockquote></p><p> “The historical playbook is that coming out of a recession, you tend to see low-quality outperformance that lasts about a year, then leadership flips back to high quality,” Calvasina says. “But that transition from low quality back to high quality tends to be very bumpy.”</p><p><blockquote>卡尔瓦西纳表示：“历史上的剧本是，走出衰退后，你往往会看到持续一年左右的低质量优异表现，然后领导力又会恢复到高质量。”“但从低质量回到高质量的转变往往非常坎坷。”</blockquote></p><p> <b>A Shopping List for Fall</b></p><p><blockquote><b>秋季购物清单</b></blockquote></p><p> Most strategists favor a combination of economically sensitive stocks and steady growers, including tech shares. Financials should do well, particularly if bond yields rise.</p><p><blockquote>大多数策略师青睐对经济敏感的股票和稳定增长的股票（包括科技股）的组合。金融股应该会表现良好，特别是如果债券收益率上升的话。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a54c4bd114c1a5f7f700d1fc14d30d8e\" tg-width=\"970\" tg-height=\"230\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Although stocks with quality attributes have outperformed the market this summer, according to a <a href=\"https://laohu8.com/S/BLK\">BlackRock</a> analysis, the quality factor has lagged since positive vaccine news was first reported last November.</p><p><blockquote>尽管今年夏天具有质量属性的股票表现优于大盘，但根据一家<a href=\"https://laohu8.com/S/BLK\">贝莱德</a>分析，自去年11月首次报道疫苗正面消息以来，质量因素一直滞后。</blockquote></p><p> “We’re moving into a mid-cycle environment, when underlying economic growth remains strong but momentum begins to decelerate,” BlackRock’s Fredericks says. “Our research shows that quality stocks perform particularly well in such a period.”</p><p><blockquote>贝莱德的弗雷德里克斯表示：“我们正在进入周期中期环境，基本经济增长仍然强劲，但势头开始减速。”“我们的研究表明，优质股票在这样的时期表现尤其出色。”</blockquote></p><p> He recommends overweighting profitable technology companies; financials, including banks, and consumer staples and industrials with those quality characteristics.</p><p><blockquote>他建议增持盈利的科技公司；金融，包括银行，以及具有这些质量特征的消费品和工业。</blockquote></p><p> For <a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a>’s head of equity strategy, Christopher Harvey, a mix of post-pandemic beneficiaries and defensive exposure is the way to go. He constructed a basket of stocks with lower-than-average volatility—which should outperform during periods of market uncertainty or stress this fall—and high “Covid beta,” or sensitivity to good or bad news about the pandemic. One requirement; The stocks had to be rated the equivalent of Buy by Wells Fargo’s equity analysts.</p><p><blockquote>为了<a href=\"https://laohu8.com/S/WFC\">富国银行</a>股票策略主管克里斯托弗·哈维(Christopher Harvey)表示，大流行后受益者和防御性敞口的结合才是正确的选择。他构建了一篮子波动性低于平均水平的股票——在今年秋季市场不确定性或压力时期，这些股票应该会跑赢大盘——并且“新冠贝塔值”较高，即对有关大流行的好消息或坏消息的敏感性。一个要求；富国银行的股票分析师必须将这些股票评级为“买入”。</blockquote></p><p> “There’s near-term economic uncertainty, interest-rate uncertainty, and Covid risk, and generally we’re in a seasonally weaker part of the year around September,” says Harvey. “If we can balance low vol and high Covid beta, we can mitigate a lot of the upcoming uncertainty and volatility around timing of several of those catalysts. Longer-term, though, we still want to have that [reopening exposure.]”</p><p><blockquote>哈维表示：“近期经济存在不确定性、利率不确定性和新冠病毒风险，一般来说，我们正处于9月份左右的季节性疲软时期。”“如果我们能够平衡低波动性和高新贝塔值，我们就可以减轻其中几种催化剂时机即将到来的不确定性和波动性。不过，从长远来看，我们仍然希望[重新开放风险。]”</blockquote></p><p></p><p> Harvey’s list of low-volatility stocks with high Covid beta includesApple(AAPL),<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>(BAC),<a href=\"https://laohu8.com/S/NTRSP\">Northern</a> Trust(NTRS),Lowe’s(LOW),<a href=\"https://laohu8.com/S/IQV\">IQVIA</a> Holdings(IQV), andMasco(MAS).</p><p><blockquote>哈维列出的具有高新贝塔值的低波动性股票名单包括苹果(AAPL)、<a href=\"https://laohu8.com/S/BAC\">美国银行</a>（BAC），<a href=\"https://laohu8.com/S/NTRSP\">北方的</a>信托(NTRS)、劳氏(LOW)、<a href=\"https://laohu8.com/S/IQV\">IQVIA</a>控股公司（IQV）和马斯科公司（MAS）。</blockquote></p><p> Overall, banks are the most frequently recommended group for the months ahead. TheInvesco KBW Bankexchange-traded fund (KBWB) provides broad exposure to the sector in the U.S.</p><p><blockquote>总体而言，银行是未来几个月最常被推荐的群体。Invesco KBW银行交易所交易基金(KBWB)提供对美国该行业的广泛投资。</blockquote></p><p> “We like the valuations [and] credit quality; they are now allowed to buy back shares and increase dividends, and there’s higher Covid beta,” says Harvey.</p><p><blockquote>“我们喜欢估值和信用质量；他们现在被允许回购股票并增加股息，而且新冠贝塔值更高，”哈维说。</blockquote></p><p> Cheaper valuations mean less potential downside in a market correction. And, contrary to much of the rest of the stock market, higher interest rates would be a tailwind for the banks, which could then charge more for loans.</p><p><blockquote>较低的估值意味着市场调整中潜在的下行空间较小。而且，与股市的其他大部分地区相反，更高的利率将成为银行的顺风车，银行可能会收取更高的贷款费用。</blockquote></p><p> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks also have some fans. “<a href=\"https://laohu8.com/S/HR\">Healthcare</a> has both defensive and growth attributes to it,” Wilson says. “You’re paying a lot less per unit of growth in healthcare today than you are in other sectors. So we think it provides good balance in this market when we’re worried about valuation.” Health insurerHumana(HUM) makes Wilson’s “Fresh Money Buy List” of stocks Buy-rated by <a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a> analysts and fitting his macro views.</p><p><blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票也有一些粉丝。”<a href=\"https://laohu8.com/S/HR\">医疗保健</a>具有防御性和成长性，”威尔逊说。“如今，医疗保健行业每单位增长支付的费用比其他行业低得多。因此，我们认为，当我们担心估值时，它为这个市场提供了良好的平衡。”健康保险公司Humana(HUM)跻身威尔逊“新鲜资金买入名单”股票买入评级<a href=\"https://laohu8.com/S/MS\">摩根士丹利</a>分析师并符合他的宏观观点。</blockquote></p><p> Nuveen’s Malik is also looking toward health care for relatively underpriced growth exposure, namely in the pharmaceuticals and biotechnology groups. She points toSeagen(SGEN), which is focused on oncology drugs and could be an attractive acquisition target for a pharma giant.</p><p><blockquote>Nuveen的Malik还将目光投向医疗保健领域，以获得相对低估的增长机会，即制药和生物技术领域。她指出了Seagen(SGEN)，该公司专注于肿瘤药物，可能成为制药巨头有吸引力的收购目标。</blockquote></p><p> Malik also likesAbbVie(ABBV) which trades at an undemanding eight times forward earnings and sports a 4.7% dividend yield. The coming expiration of patents on its blockbuster anti-inflammatory drug Humira has kept some investors away, but Malik is confident that management can limit the damage and sees promising drugs in development at the $200 billion company.</p><p><blockquote>马利克还喜欢艾伯维(ABBV)，该公司的预期市盈率为8倍，股息收益率为4.7%。其重磅抗炎药修美乐(Humira)的专利即将到期，这让一些投资者望而却步，但马利克相信管理层能够限制损失，并看到这家价值2000亿美元的公司正在开发有前途的药物。</blockquote></p><p> Both stocks have had a tough time in recent days. Seagen fell more than 8% last week, to around $152, on news that its co-founder and CEO sold a large number of shares recently. AndAbbVietanked 7% Wednesday, to $112.27, after the Food and Drug Administration required new warning labels for JAK inhibitors, a type of anti-rheumatoid drug that includes one of <a href=\"https://laohu8.com/S/ABBV\">AbbVie</a>’s most promising post-Humira products.</p><p><blockquote>这两只股票最近几天都过得很艰难。Seagen上周跌超8%，报152美元左右，因有消息称其联合创始人兼首席执行官近期大量抛售股票。在美国食品和药物管理局要求为JAK抑制剂贴上新的警告标签后，ABBVIE周三上涨7%，至112.27美元。JAK抑制剂是一种抗类风湿药物，其中包括一种<a href=\"https://laohu8.com/S/ABBV\">艾伯维</a>最有前途的后修美乐产品。</blockquote></p><p> <a href=\"https://laohu8.com/S/PFE\">Pfizer</a>(PFE),<a href=\"https://laohu8.com/S/AXP\">American Express</a>(AXP),Johnson &amp; Johnson(JNJ), andCisco Systems(CSCO) are other S&amp;P 500 members that pass a<i>Barron’s</i>screen for quality attributes.</p><p><blockquote><a href=\"https://laohu8.com/S/PFE\">辉瑞</a>（PFE），<a href=\"https://laohu8.com/S/AXP\">美国运通</a>(AXP)、强生(JNJ)和思科系统(CSCO)是其他通过A的标普500成员<i>巴伦周刊</i>筛选质量属性。</blockquote></p><p> After a year of steady gains, investors might be reminded this fall that stocks can also decline, as growth momentum and policy support begin to fade. But underlying economic strength supports buying the dip, should the market drop from its highs. <a href=\"https://laohu8.com/S/JE\">Just</a> be more selective. And go with quality.</p><p><blockquote>经过一年的稳定上涨后，今年秋天投资者可能会被提醒，随着增长势头和政策支持开始消退，股市也可能下跌。但如果市场从高点下跌，潜在的经济实力支持逢低买入。<a href=\"https://laohu8.com/S/JE\">刚刚</a>更有选择性。追求质量。</blockquote></p><p></p>","source":"lsy1610680873436","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>Strategists Say the Stock Market Could Struggle This Fall. What to Buy Now?<blockquote>策略师表示，今年秋天股市可能会陷入困境。现在买什么？</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\">\nStrategists Say the Stock Market Could Struggle This Fall. What to Buy Now?<blockquote>策略师表示，今年秋天股市可能会陷入困境。现在买什么？</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barron's</strong><span class=\"h-time small\">2021-09-07 17:32</span>\n</p>\n</h4>\n</header>\n<article>\n<p>What a year this has been for the markets! Fueled by a torrent of monetary and fiscal stimulus, economic and earnings growth, and (until recently) a mostly receding pandemic, theS&amp;P 500stock index has rallied 20%, notching seven straight months of gains and more than 50 highs along the way. And that’s on top of last year’s 68% rebound from the market’s March 2020 lows.</p><p><blockquote>对于市场来说，这是多么美好的一年啊！在货币和财政刺激、经济和盈利增长以及（直到最近）疫情基本消退的推动下，标准普尔500股票指数已上涨20%，连续七个月上涨，并创下50多个高点。除此之外，去年市场从2020年3月的低点反弹了68%。</blockquote></p><p> Tailwinds remain in place, but headwinds now loom that could slow stocks’ advance. Stimulus spending has peaked, and economic and corporate-earnings growth are likely to decelerate through the end of the year. What’s more, theFederal Reserve has all but promised to start tapering its bond buyingin coming months, and the Biden administration has proposed hiking corporate and personal tax rates. None of this is apt to sit well with holders of increasingly pricey shares.</p><p><blockquote>顺风依然存在，但逆风现在迫在眉睫，可能会减缓股市的上涨。刺激支出已经见顶，经济和企业盈利增长可能会在今年年底放缓。此外，美联储几乎承诺在未来几个月开始缩减债券购买规模，拜登政府也提议提高企业和个人税率。这些都不会让股价越来越贵的持有者满意。</blockquote></p><p> In other words,brace for a volatile fallin which conflicting forces buffet stocks, bonds, and investors. “The everything rally is behind us,” says Saira Malik, chief investment officer of global equities at Nuveen. “It’s not going to be a sharply rising economic tide that lifts all boats from here.”</p><p><blockquote>换句话说，要做好迎接波动性下跌的准备，这种冲突迫使巴菲特股票、债券和投资者。Nuveen全球股票首席投资官Saira Malik表示：“一切反弹都已经过去。”“这不会是一场急剧上升的经济浪潮，将所有船只从这里抬起。”</blockquote></p><p> That’s the general consensus among the six market strategists and chief investment officers whom<i>Barron’s</i>recently consulted. All see the S&amp;P 500 ending the year near Thursday’s close of 4536. Their average target: 4585.</p><p><blockquote>这是六位市场策略师和首席投资官的普遍共识<i>巴伦周刊</i>最近咨询过。所有人都认为标普500将在周四收盘价4536点附近结束今年。他们的平均目标是：4585。</blockquote></p><p> Next year’s gains look muted, as well, relative to recent trends. The group expects the S&amp;P 500 to tack on another 6% in 2022, rising to about 4800.</p><p><blockquote>相对于最近的趋势，明年的涨幅看起来也很微弱。该集团预计2022年标普500将再增加6%，升至约4800。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/eb61c7b74b9b0f18a019afb4ac44ad59\" tg-width=\"300\" tg-height=\"645\" referrerpolicy=\"no-referrer\">With stocks trading for about 21 times the coming year’s expected earnings,bonds yielding little, and cash yielding less than nothing after accounting for inflation, investors face tough asset-allocation decisions. In place of the “everything rally,” which lifted fast-growing tech stocks, no-growth meme stocks, and the Dogecoins of the digital world, our market watchers recommend focusing on “quality” investments. In equities, that means shares of businesses with solid balance sheets, expanding profit margins, and ample and recurring free cash flow. Even if the averages do little in coming months, these stocks are likely to shine.</p><p><blockquote>由于股票交易价格约为来年预期收益的21倍，债券收益率很低，考虑通货膨胀后现金收益率低于零，投资者面临着艰难的资产配置决策。我们的市场观察人士建议关注“优质”投资，而不是提振快速增长的科技股、无增长的模因股和数字世界的狗狗币的“一切反弹”。在股票方面，这意味着拥有稳健的资产负债表、不断扩大的利润率以及充足且经常性的自由现金流的企业的股票。即使未来几个月平均指数表现不大，这些股票也可能会大放异彩。</blockquote></p><p> The stock market’s massive rally in the past year was a gift of sorts from the Federal Reserve, which flooded the financial system with money to stave off theeconomic damage wrought by the Covid pandemic. Since March 2020, the U.S. central bank has been buying a combined $120 billion a month of U.S. Treasuries and mortgage-backed securities, while keeping its benchmark federal-funds rate target at 0% to 0.25%. These moves have depressed bond yields and pushed investors into riskier assets, including stocks.</p><p><blockquote>过去一年股市的大幅上涨是美联储的一份礼物，美联储向金融体系注入了大量资金，以避免新冠疫情造成的经济损失。自2020年3月以来，美联储每月购买总计1200亿美元的美国国债和抵押贷款支持证券，同时将基准联邦基金利率目标维持在0%至0.25%。这些举措压低了债券收益率，并推动投资者进入包括股票在内的风险较高的资产。</blockquote></p><p> Fed Chairman Jerome <a href=\"https://laohu8.com/S/POWL\">Powell</a> has said that the central bank might begin to wind down, or taper, its emergency asset purchases sometime in the coming quarters, a move that could roil risk assets of all sorts. “For us, it’s very simple: Tapering is tightening,” says Mike Wilson, chief investment officer and chief U.S. equity strategist atMorgan Stanley.“It’s the first step away from maximum accommodation [by the Fed]. They’re being very calculated about it this time, but the bottom line is that it should have a negative effect on equity valuations.”</p><p><blockquote>美联储主席杰罗姆<a href=\"https://laohu8.com/S/POWL\">鲍威尔</a>曾表示，央行可能会在未来几个季度的某个时候开始逐步减少或缩减紧急资产购买，此举可能会扰乱各类风险资产。摩根士丹利(Morgan Stanley)首席投资官兼首席美国股票策略师威尔逊(Mike Wilson)表示：“对我们来说，缩减规模很简单：缩减规模就是紧缩。这是（美联储）距离最大限度宽松政策迈出的第一步。他们这次对此非常谨慎，但底线是，这应该会对股票估值产生负面影响。”</blockquote></p><p> The government’s stimulus spending, too, has peaked, the strategists note. Supplemental federal unemployment benefits of $300 a week expire as of Sept. 6. Although Congress seems likely to pass a bipartisan infrastructure bill this fall, the near-term economic impact will pale in comparison to the multiple rounds of stimulus introduced since March 2020.</p><p><blockquote>策略师指出，政府的刺激支出也已见顶。每周300美元的补充联邦失业救济金将于9月6日到期。尽管国会似乎有可能在今年秋天通过一项两党基础设施法案，但与2020年3月以来推出的多轮刺激措施相比，近期的经济影响将相形见绌。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c2cb76c498c1c4c980139e3d0514c261\" tg-width=\"300\" tg-height=\"645\" referrerpolicy=\"no-referrer\">The bill includes about $550 billion in new spending—a fraction of the trillions authorized by previous laws—and it will be spread out over many years. The short-term boost that infrastructure stimulus will give to consumer spending, which accounts for almost 70% of U.S. growth domestic product, won’t come close to what the economy saw after millions of Americans received checks from the government this past year.</p><p><blockquote>该法案包括约5500亿美元的新支出——只是之前法律授权的数万亿美元的一小部分——并且将分散在许多年内。基础设施刺激措施将给消费者支出带来的短期提振，占美国国内生产总值增长的近70%，但不会接近去年数百万美国人收到政府支票后的经济增长。</blockquote></p><p> A budget bill approved by Democrats only should follow the infrastructure bill, and include spending to support Medicare expansion, child-care funding, free community-college tuition, public housing, and climate-related measures, among other party priorities. Congress could vote to lift taxes on corporations and high-earning individuals to offset that spending—another near-term risk to the market.</p><p><blockquote>仅由民主党批准的预算法案应该遵循基础设施法案，并包括支持医疗保险扩张、儿童保育资金、免费社区大学学费、公共住房和气候相关措施以及其他政党优先事项的支出。国会可能会投票提高企业和高收入个人的税收，以抵消这些支出——这是市场面临的另一个近期风险。</blockquote></p><p></p><p> <img src=\"https://static.tigerbbs.com/6693da658db16059fc99e08a7531675f\" tg-width=\"300\" tg-height=\"645\" referrerpolicy=\"no-referrer\">Other politically charged issues likewise could derail equities this fall. Congress needs to pass a debt-ceiling increase to fund the government, and a stop-gap spending bill later this month to avoid a <a href=\"https://laohu8.com/S/WASH\">Washington</a> shutdown in October.</p><p><blockquote>今年秋天，其他带有政治色彩的问题同样可能会让股市脱轨。国会需要通过提高债务上限来为政府提供资金，并在本月晚些时候通过一项权宜之计的支出法案来避免<a href=\"https://laohu8.com/S/WASH\">华盛顿州</a>10月停工。</blockquote></p><p> For now, our market experts are relatively sanguine about the economic impact of the Delta variant of Covid-19. As long as vaccines remain effective in minimizing severe infections that lead to hospitalizations and deaths, the negative effects of the current Covid wave will be limited largely to the travel industry and movie theaters, they say. Wall Street’s base case for the market doesn’t include a renewed wave of lockdowns that would undermine economic growth.</p><p><blockquote>目前，我们的市场专家对Covid-19德尔塔变异毒株的经济影响相对乐观。他们说，只要疫苗在最大限度地减少导致住院和死亡的严重感染方面仍然有效，当前Covid浪潮的负面影响将主要限于旅游业和电影院。华尔街对市场的基本假设不包括会破坏经济增长的新一波封锁。</blockquote></p><p> Inflation has been a hot topic at the Fed and among investors, partly because it has been running so hot of late. The U.S. consumer price index rose at an annualized 5.4% in both June and July—a spike the Fed calls transitory, although others aren’t so sure. The strategists are taking Powell’s side of the argument; they expect inflation to fall significantly next year. Their forecasts fall between 2.5% and 3.5%, which they consider manageable for consumers and companies, and an acceptable side effect of rapid economic growth. An inflation rate above 2.5%, however, combined with Fed tapering, would mean that now ultralow bond yields should rise.</p><p><blockquote>通胀一直是美联储和投资者的热门话题，部分原因是通胀最近非常火爆。6月和7月，美国消费者价格指数年化涨幅为5.4%，这是美联储评级暂时性的飙升，尽管其他人不太确定。策略师们站在鲍威尔一边。他们预计明年通胀将大幅下降。他们的预测在2.5%至3.5%之间，他们认为这对消费者和公司来说是可控的，也是经济快速增长的可接受的副作用。然而，通胀率高于2.5%，加上美联储缩减规模，意味着目前超低的债券收益率应该会上升。</blockquote></p><p> “We think inflation will continue to run hotter than it has since the financial crisis, but it’s hard for us to see inflation much over 2.5% once many of the reopening-related pressures start to dissipate,” says Michael Fredericks, head of income investing for theBlackRockMulti-Asset Strategies Group. “So bond yields do need to move up, but that will happen gradually.”</p><p><blockquote>收益投资主管迈克尔·弗雷德里克斯(Michael Fredericks)表示：“我们认为通胀将继续比金融危机以来更高，但一旦许多与重新开放相关的压力开始消散，我们很难看到通胀率远高于2.5%。”贝莱德多资产策略集团。“因此债券收益率确实需要上升，但这将逐渐发生。”</blockquote></p><p> The strategists see the yield on the 10-year U.S. Treasury note climbing to around 1.65% by year end. That’s about 35 basis points—or hundredths of a percentage point—above current levels, but below the 1.75% that the yield reached at its March 2021 highs. By next year, the 10-year Treasury could yield 2%, the group says. Those aren’t big moves in absolute terms, but they’re meaningful for&nbsp;the bond market—and could be even more so for stocks.</p><p><blockquote>策略师预计，到年底，10年期美国国债收益率将攀升至1.65%左右。这比当前水平高出约35个基点（即百分之几个百分点），但低于2021年3月收益率高点时达到的1.75%。该组织表示，到明年，10年期国债收益率可能达到2%。从绝对值来看，这些举措并不是很大，但对债券市场来说意义重大，对股票来说可能更是如此。</blockquote></p><p> Rising yields tend to weigh on stock valuations for two reasons. Higher-yielding bonds offer competition to stocks, and companies’ future earnings are worthless in the present when discounting them at a higher rate. Still, a 10-year yield around 2% won’t be enough to knock stock valuations down to pre-Covid levels. Even if yields climb, market strategists see the price/earnings multiple of the S&amp;P 500 holding well above its 30-year average of 16 times forward earnings. The index’s forward P/E topped 23 last fall.</p><p><blockquote>收益率上升往往会打压股票估值，原因有二。高收益债券提供了与股票的竞争，当以更高的利率贴现时，公司的未来收益在目前毫无价值。尽管如此，2%左右的10年期国债收益率仍不足以将股票估值降至新冠疫情爆发前的水平。即使收益率攀升，市场策略师认为标普500的市盈率仍远高于预期市盈率16倍的30年平均水平。去年秋天，该指数的远期市盈率突破23。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e08d24cb421d7cc13debd76a9c6fea01\" tg-width=\"660\" tg-height=\"434\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> As long as 10-year Treasury yields stay in the 2% range, the S&amp;P 500 should be able to command a forward P/E in the high teens, strategists say. A return to the 16-times long-term average isn’t in the cards until there is more pressure from much higher yields—or something else that causes stocks to fall.</p><p><blockquote>策略师表示，只要10年期国债收益率保持在2%的范围内，标普500的远期市盈率就应该能够在十几岁左右。除非收益率高得多或其他导致股市下跌的因素带来更大压力，否则不可能回到16倍的长期平均水平。</blockquote></p><p> If yields surge past 2% or 2.25%, investors could start to question equity valuations more seriously, says&nbsp;<a href=\"https://laohu8.com/S/STT\">State</a> Street’schief portfolio strategist, Gaurav Mallik: “We haven’t seen [the 10-year yield] above 2% for some time now, so that’s an important sentiment level for investors.”</p><p><blockquote>表示，如果收益率飙升超过2%或2.25%，投资者可能会开始更严重地质疑股票估值<a href=\"https://laohu8.com/S/STT\">国家</a>Street首席投资组合策略师Gaurav Mallik：“我们已经有一段时间没有看到（10年期国债收益率）超过2%了，因此这对投资者来说是一个重要的情绪水平。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/93ff6490069ab5dc1b4057f1ff7966f3\" tg-width=\"664\" tg-height=\"441\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Wilson is more concerned, noting that the stock market’s valuation risk is asymmetric: “It’s very unlikely that multiples are going to go up, and there’s a good chance that they go down more than 10% given the deceleration in growth and where we are in the cycle,” he says</p><p><blockquote>威尔逊更担心，他指出，股市的估值风险是不对称的：“市盈率不太可能上升，考虑到增长放缓和我们所处的位置，市盈率很有可能下降10%以上。在周期中，”他说</blockquote></p><p> If 16 to 23 times forward earnings is the range, he adds, “you’re already at the very high end of that. There’s more potential risk than reward.”</p><p><blockquote>他补充道，如果预期市盈率为16至23倍，“你已经处于这个范围的很高端。潜在风险大于回报。”</blockquote></p><p> Some P/E-multiple compression is baked into all six strategists’ forecasts, heaping greater importance on the path of profit growth. On average, the strategists expect S&amp;P 500 earnings to jump 46% this year, to about $204, after last year’s earnings depression. That could be followed by a more normalized gain of 9% in 2022, to about $222.50.</p><p><blockquote>所有六位策略师的预测都包含了一些市盈率倍数的压缩，这对利润增长的路径变得更加重要。平均而言，策略师预计，继去年的盈利低迷之后，标普500今年的盈利将增长46%，至204美元左右。随后，2022年可能会上涨9%，达到约222.50美元。</blockquote></p><p></p><p> A potential headwind would be a higher federal corporate-tax rate in 2022. The details of Democrats’ spending and taxation plans will be worked out in the coming weeks, and investors can expect to hear a lot more about potential tax increases. Several strategists see a 25% federal rate on corporate profits as a likely compromise figure, above the 21% in place since 2018, but below the 28% sought by the Biden administration.</p><p><blockquote>一个潜在的阻力是2022年联邦企业税率上升。民主党支出和税收计划的细节将在未来几周内制定出来，投资者可以期待听到更多有关潜在增税的消息。几位策略师认为，25%的联邦企业利润税率可能是一个妥协数字，高于2018年以来实施的21%，但低于拜登政府寻求的28%。</blockquote></p><p> An increase of that magnitude would shave about 5% off S&amp;P 500 earnings next year. The index could drop by a similar amount as the passage of the Democrats’ reconciliation bill nears this fall, but the impact should be limited to that initial correction. As with the tax cuts in December 2017, the change should be a <a href=\"https://laohu8.com/S/AONE.U\">one</a>-time event for the market, some strategists predict.</p><p><blockquote>如此幅度的增长将使标普500明年的盈利减少约5%。随着今年秋天民主党和解法案的通过，该指数可能会下跌类似的幅度，但影响应该仅限于最初的调整。与2017年12月的减税一样，这一变化应该是<a href=\"https://laohu8.com/S/AONE.U\">一</a>——一些策略师预测，市场的时间事件。</blockquote></p><p> These concerns aside, investors shouldn’t miss the bigger picture: The U.S. economy is in good shape and growing robustly. The strategists expect gross domestic product to rise 6.3% this year and about 4% in 2022. “The cyclical uplift and above-trend growth will continue at least through 2022, and we want to be biased toward assets that have that exposure,” says Mallik.</p><p><blockquote>抛开这些担忧不谈，投资者不应错过更大的图景：美国经济状况良好，增长强劲。策略师预计今年国内生产总值将增长6.3%，2022年将增长约4%。Mallik表示：“周期性上涨和高于趋势的增长将至少持续到2022年，我们希望偏向于具有这种风险的资产。”</blockquote></p><p>   “We’re going to have a hot economy this year and next. When GDP growth is above average, value beats growth and cyclicals beat defensives.”— Lori Calvasina, RBC Capital Markets  The State Street strategist recommends overweighting materials, financials, and technology in investment portfolios. That approach includes both economically sensitive companies, such as banks and miners, and steady growers in the tech sector.</p><p><blockquote>“今明两年我们的经济将会火爆。当GDP增长高于平均水平时，价值会战胜增长，周期性会战胜防御性。”—Lori Calvasina，加拿大皇家银行资本市场道富策略师建议在投资组合中增持材料、金融和科技股。这种方法既包括银行和矿业公司等对经济敏感的公司，也包括科技行业的稳定增长者。</blockquote></p><p> RBC Capital Markets’ head of U.S. equity strategy, Lori Calvasina, likewise takes a barbell approach, with both cyclical and growth exposure. Her preferred sectors are energy, financials, and technology.</p><p><blockquote>加拿大皇家银行资本市场(RBC Capital Markets)美国股票策略主管洛里·卡尔瓦西纳(Lori Calvasina)同样采取杠铃法，同时投资周期性和成长性。她最喜欢的行业是能源、金融和技术。</blockquote></p><p> “Valuations are still a lot more attractive in financials and energy than growth [sectors such as technology or consumer discretionary,]” Calvasina says. “The catalyst in the near term is getting out of the current Covid wave... We’re going to have a hot economy this year and next, and traditionally when GDP growth is above average, value beats growth and cyclicals beat defensives.”</p><p><blockquote>卡尔瓦西纳表示：“金融和能源行业的估值仍然比增长行业（科技或非必需消费品等行业）更具吸引力。”“近期的催化剂是摆脱当前的新冠疫情浪潮……今年和明年我们将迎来经济火爆，传统上，当GDP增长高于平均水平时，价值会跑赢增长，周期性会跑赢防御性。”</blockquote></p><p> But the focus on quality will be pivotal, especially moving into the second half of 2022. That’s when the Fed is likely to hike interest rates for the first time in this cycle. By 2023, the economy could return to pre-Covid growth on the order of 2%.</p><p><blockquote>但对质量的关注将是关键，尤其是进入2022年下半年。届时美联储可能会在本周期内首次加息。到2023年，经济可能会恢复到新冠疫情前2%左右的增长。</blockquote></p><p> “The historical playbook is that coming out of a recession, you tend to see low-quality outperformance that lasts about a year, then leadership flips back to high quality,” Calvasina says. “But that transition from low quality back to high quality tends to be very bumpy.”</p><p><blockquote>卡尔瓦西纳表示：“历史上的剧本是，走出衰退后，你往往会看到持续一年左右的低质量优异表现，然后领导力又会恢复到高质量。”“但从低质量回到高质量的转变往往非常坎坷。”</blockquote></p><p> <b>A Shopping List for Fall</b></p><p><blockquote><b>秋季购物清单</b></blockquote></p><p> Most strategists favor a combination of economically sensitive stocks and steady growers, including tech shares. Financials should do well, particularly if bond yields rise.</p><p><blockquote>大多数策略师青睐对经济敏感的股票和稳定增长的股票（包括科技股）的组合。金融股应该会表现良好，特别是如果债券收益率上升的话。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/a54c4bd114c1a5f7f700d1fc14d30d8e\" tg-width=\"970\" tg-height=\"230\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Although stocks with quality attributes have outperformed the market this summer, according to a <a href=\"https://laohu8.com/S/BLK\">BlackRock</a> analysis, the quality factor has lagged since positive vaccine news was first reported last November.</p><p><blockquote>尽管今年夏天具有质量属性的股票表现优于大盘，但根据一家<a href=\"https://laohu8.com/S/BLK\">贝莱德</a>分析，自去年11月首次报道疫苗正面消息以来，质量因素一直滞后。</blockquote></p><p> “We’re moving into a mid-cycle environment, when underlying economic growth remains strong but momentum begins to decelerate,” BlackRock’s Fredericks says. “Our research shows that quality stocks perform particularly well in such a period.”</p><p><blockquote>贝莱德的弗雷德里克斯表示：“我们正在进入周期中期环境，基本经济增长仍然强劲，但势头开始减速。”“我们的研究表明，优质股票在这样的时期表现尤其出色。”</blockquote></p><p> He recommends overweighting profitable technology companies; financials, including banks, and consumer staples and industrials with those quality characteristics.</p><p><blockquote>他建议增持盈利的科技公司；金融，包括银行，以及具有这些质量特征的消费品和工业。</blockquote></p><p> For <a href=\"https://laohu8.com/S/WFC\">Wells Fargo</a>’s head of equity strategy, Christopher Harvey, a mix of post-pandemic beneficiaries and defensive exposure is the way to go. He constructed a basket of stocks with lower-than-average volatility—which should outperform during periods of market uncertainty or stress this fall—and high “Covid beta,” or sensitivity to good or bad news about the pandemic. One requirement; The stocks had to be rated the equivalent of Buy by Wells Fargo’s equity analysts.</p><p><blockquote>为了<a href=\"https://laohu8.com/S/WFC\">富国银行</a>股票策略主管克里斯托弗·哈维(Christopher Harvey)表示，大流行后受益者和防御性敞口的结合才是正确的选择。他构建了一篮子波动性低于平均水平的股票——在今年秋季市场不确定性或压力时期，这些股票应该会跑赢大盘——并且“新冠贝塔值”较高，即对有关大流行的好消息或坏消息的敏感性。一个要求；富国银行的股票分析师必须将这些股票评级为“买入”。</blockquote></p><p> “There’s near-term economic uncertainty, interest-rate uncertainty, and Covid risk, and generally we’re in a seasonally weaker part of the year around September,” says Harvey. “If we can balance low vol and high Covid beta, we can mitigate a lot of the upcoming uncertainty and volatility around timing of several of those catalysts. Longer-term, though, we still want to have that [reopening exposure.]”</p><p><blockquote>哈维表示：“近期经济存在不确定性、利率不确定性和新冠病毒风险，一般来说，我们正处于9月份左右的季节性疲软时期。”“如果我们能够平衡低波动性和高新贝塔值，我们就可以减轻其中几种催化剂时机即将到来的不确定性和波动性。不过，从长远来看，我们仍然希望[重新开放风险。]”</blockquote></p><p></p><p> Harvey’s list of low-volatility stocks with high Covid beta includesApple(AAPL),<a href=\"https://laohu8.com/S/BAC\">Bank of America</a>(BAC),<a href=\"https://laohu8.com/S/NTRSP\">Northern</a> Trust(NTRS),Lowe’s(LOW),<a href=\"https://laohu8.com/S/IQV\">IQVIA</a> Holdings(IQV), andMasco(MAS).</p><p><blockquote>哈维列出的具有高新贝塔值的低波动性股票名单包括苹果(AAPL)、<a href=\"https://laohu8.com/S/BAC\">美国银行</a>（BAC），<a href=\"https://laohu8.com/S/NTRSP\">北方的</a>信托(NTRS)、劳氏(LOW)、<a href=\"https://laohu8.com/S/IQV\">IQVIA</a>控股公司（IQV）和马斯科公司（MAS）。</blockquote></p><p> Overall, banks are the most frequently recommended group for the months ahead. TheInvesco KBW Bankexchange-traded fund (KBWB) provides broad exposure to the sector in the U.S.</p><p><blockquote>总体而言，银行是未来几个月最常被推荐的群体。Invesco KBW银行交易所交易基金(KBWB)提供对美国该行业的广泛投资。</blockquote></p><p> “We like the valuations [and] credit quality; they are now allowed to buy back shares and increase dividends, and there’s higher Covid beta,” says Harvey.</p><p><blockquote>“我们喜欢估值和信用质量；他们现在被允许回购股票并增加股息，而且新冠贝塔值更高，”哈维说。</blockquote></p><p> Cheaper valuations mean less potential downside in a market correction. And, contrary to much of the rest of the stock market, higher interest rates would be a tailwind for the banks, which could then charge more for loans.</p><p><blockquote>较低的估值意味着市场调整中潜在的下行空间较小。而且，与股市的其他大部分地区相反，更高的利率将成为银行的顺风车，银行可能会收取更高的贷款费用。</blockquote></p><p> <a href=\"https://laohu8.com/S/HCSG\">Healthcare</a> stocks also have some fans. “<a href=\"https://laohu8.com/S/HR\">Healthcare</a> has both defensive and growth attributes to it,” Wilson says. “You’re paying a lot less per unit of growth in healthcare today than you are in other sectors. So we think it provides good balance in this market when we’re worried about valuation.” Health insurerHumana(HUM) makes Wilson’s “Fresh Money Buy List” of stocks Buy-rated by <a href=\"https://laohu8.com/S/MS\">Morgan Stanley</a> analysts and fitting his macro views.</p><p><blockquote><a href=\"https://laohu8.com/S/HCSG\">医疗保健</a>股票也有一些粉丝。”<a href=\"https://laohu8.com/S/HR\">医疗保健</a>具有防御性和成长性，”威尔逊说。“如今，医疗保健行业每单位增长支付的费用比其他行业低得多。因此，我们认为，当我们担心估值时，它为这个市场提供了良好的平衡。”健康保险公司Humana(HUM)跻身威尔逊“新鲜资金买入名单”股票买入评级<a href=\"https://laohu8.com/S/MS\">摩根士丹利</a>分析师并符合他的宏观观点。</blockquote></p><p> Nuveen’s Malik is also looking toward health care for relatively underpriced growth exposure, namely in the pharmaceuticals and biotechnology groups. She points toSeagen(SGEN), which is focused on oncology drugs and could be an attractive acquisition target for a pharma giant.</p><p><blockquote>Nuveen的Malik还将目光投向医疗保健领域，以获得相对低估的增长机会，即制药和生物技术领域。她指出了Seagen(SGEN)，该公司专注于肿瘤药物，可能成为制药巨头有吸引力的收购目标。</blockquote></p><p> Malik also likesAbbVie(ABBV) which trades at an undemanding eight times forward earnings and sports a 4.7% dividend yield. The coming expiration of patents on its blockbuster anti-inflammatory drug Humira has kept some investors away, but Malik is confident that management can limit the damage and sees promising drugs in development at the $200 billion company.</p><p><blockquote>马利克还喜欢艾伯维(ABBV)，该公司的预期市盈率为8倍，股息收益率为4.7%。其重磅抗炎药修美乐(Humira)的专利即将到期，这让一些投资者望而却步，但马利克相信管理层能够限制损失，并看到这家价值2000亿美元的公司正在开发有前途的药物。</blockquote></p><p> Both stocks have had a tough time in recent days. Seagen fell more than 8% last week, to around $152, on news that its co-founder and CEO sold a large number of shares recently. AndAbbVietanked 7% Wednesday, to $112.27, after the Food and Drug Administration required new warning labels for JAK inhibitors, a type of anti-rheumatoid drug that includes one of <a href=\"https://laohu8.com/S/ABBV\">AbbVie</a>’s most promising post-Humira products.</p><p><blockquote>这两只股票最近几天都过得很艰难。Seagen上周跌超8%，报152美元左右，因有消息称其联合创始人兼首席执行官近期大量抛售股票。在美国食品和药物管理局要求为JAK抑制剂贴上新的警告标签后，ABBVIE周三上涨7%，至112.27美元。JAK抑制剂是一种抗类风湿药物，其中包括一种<a href=\"https://laohu8.com/S/ABBV\">艾伯维</a>最有前途的后修美乐产品。</blockquote></p><p> <a href=\"https://laohu8.com/S/PFE\">Pfizer</a>(PFE),<a href=\"https://laohu8.com/S/AXP\">American Express</a>(AXP),Johnson &amp; Johnson(JNJ), andCisco Systems(CSCO) are other S&amp;P 500 members that pass a<i>Barron’s</i>screen for quality attributes.</p><p><blockquote><a href=\"https://laohu8.com/S/PFE\">辉瑞</a>（PFE），<a href=\"https://laohu8.com/S/AXP\">美国运通</a>(AXP)、强生(JNJ)和思科系统(CSCO)是其他通过A的标普500成员<i>巴伦周刊</i>筛选质量属性。</blockquote></p><p> After a year of steady gains, investors might be reminded this fall that stocks can also decline, as growth momentum and policy support begin to fade. But underlying economic strength supports buying the dip, should the market drop from its highs. <a href=\"https://laohu8.com/S/JE\">Just</a> be more selective. And go with quality.</p><p><blockquote>经过一年的稳定上涨后，今年秋天投资者可能会被提醒，随着增长势头和政策支持开始消退，股市也可能下跌。但如果市场从高点下跌，潜在的经济实力支持逢低买入。<a href=\"https://laohu8.com/S/JE\">刚刚</a>更有选择性。追求质量。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/stocks-could-struggle-this-fall-market-strategists-say-stick-with-quality-companies-51630699840?siteid=yhoof2\">Barron's</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":{".IXIC":"NASDAQ Composite","SPY":"标普500ETF",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"source_url":"https://www.barrons.com/articles/stocks-could-struggle-this-fall-market-strategists-say-stick-with-quality-companies-51630699840?siteid=yhoof2","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1130130857","content_text":"What a year this has been for the markets! Fueled by a torrent of monetary and fiscal stimulus, economic and earnings growth, and (until recently) a mostly receding pandemic, theS&P 500stock index has rallied 20%, notching seven straight months of gains and more than 50 highs along the way. And that’s on top of last year’s 68% rebound from the market’s March 2020 lows.\nTailwinds remain in place, but headwinds now loom that could slow stocks’ advance. Stimulus spending has peaked, and economic and corporate-earnings growth are likely to decelerate through the end of the year. What’s more, theFederal Reserve has all but promised to start tapering its bond buyingin coming months, and the Biden administration has proposed hiking corporate and personal tax rates. None of this is apt to sit well with holders of increasingly pricey shares.\nIn other words,brace for a volatile fallin which conflicting forces buffet stocks, bonds, and investors. “The everything rally is behind us,” says Saira Malik, chief investment officer of global equities at Nuveen. “It’s not going to be a sharply rising economic tide that lifts all boats from here.”\nThat’s the general consensus among the six market strategists and chief investment officers whomBarron’srecently consulted. All see the S&P 500 ending the year near Thursday’s close of 4536. Their average target: 4585.\nNext year’s gains look muted, as well, relative to recent trends. The group expects the S&P 500 to tack on another 6% in 2022, rising to about 4800.\nWith stocks trading for about 21 times the coming year’s expected earnings,bonds yielding little, and cash yielding less than nothing after accounting for inflation, investors face tough asset-allocation decisions. In place of the “everything rally,” which lifted fast-growing tech stocks, no-growth meme stocks, and the Dogecoins of the digital world, our market watchers recommend focusing on “quality” investments. In equities, that means shares of businesses with solid balance sheets, expanding profit margins, and ample and recurring free cash flow. Even if the averages do little in coming months, these stocks are likely to shine.\nThe stock market’s massive rally in the past year was a gift of sorts from the Federal Reserve, which flooded the financial system with money to stave off theeconomic damage wrought by the Covid pandemic. Since March 2020, the U.S. central bank has been buying a combined $120 billion a month of U.S. Treasuries and mortgage-backed securities, while keeping its benchmark federal-funds rate target at 0% to 0.25%. These moves have depressed bond yields and pushed investors into riskier assets, including stocks.\nFed Chairman Jerome Powell has said that the central bank might begin to wind down, or taper, its emergency asset purchases sometime in the coming quarters, a move that could roil risk assets of all sorts. “For us, it’s very simple: Tapering is tightening,” says Mike Wilson, chief investment officer and chief U.S. equity strategist atMorgan Stanley.“It’s the first step away from maximum accommodation [by the Fed]. They’re being very calculated about it this time, but the bottom line is that it should have a negative effect on equity valuations.”\nThe government’s stimulus spending, too, has peaked, the strategists note. Supplemental federal unemployment benefits of $300 a week expire as of Sept. 6. Although Congress seems likely to pass a bipartisan infrastructure bill this fall, the near-term economic impact will pale in comparison to the multiple rounds of stimulus introduced since March 2020.\nThe bill includes about $550 billion in new spending—a fraction of the trillions authorized by previous laws—and it will be spread out over many years. The short-term boost that infrastructure stimulus will give to consumer spending, which accounts for almost 70% of U.S. growth domestic product, won’t come close to what the economy saw after millions of Americans received checks from the government this past year.\nA budget bill approved by Democrats only should follow the infrastructure bill, and include spending to support Medicare expansion, child-care funding, free community-college tuition, public housing, and climate-related measures, among other party priorities. Congress could vote to lift taxes on corporations and high-earning individuals to offset that spending—another near-term risk to the market.\nOther politically charged issues likewise could derail equities this fall. Congress needs to pass a debt-ceiling increase to fund the government, and a stop-gap spending bill later this month to avoid a Washington shutdown in October.\nFor now, our market experts are relatively sanguine about the economic impact of the Delta variant of Covid-19. As long as vaccines remain effective in minimizing severe infections that lead to hospitalizations and deaths, the negative effects of the current Covid wave will be limited largely to the travel industry and movie theaters, they say. Wall Street’s base case for the market doesn’t include a renewed wave of lockdowns that would undermine economic growth.\nInflation has been a hot topic at the Fed and among investors, partly because it has been running so hot of late. The U.S. consumer price index rose at an annualized 5.4% in both June and July—a spike the Fed calls transitory, although others aren’t so sure. The strategists are taking Powell’s side of the argument; they expect inflation to fall significantly next year. Their forecasts fall between 2.5% and 3.5%, which they consider manageable for consumers and companies, and an acceptable side effect of rapid economic growth. An inflation rate above 2.5%, however, combined with Fed tapering, would mean that now ultralow bond yields should rise.\n“We think inflation will continue to run hotter than it has since the financial crisis, but it’s hard for us to see inflation much over 2.5% once many of the reopening-related pressures start to dissipate,” says Michael Fredericks, head of income investing for theBlackRockMulti-Asset Strategies Group. “So bond yields do need to move up, but that will happen gradually.”\nThe strategists see the yield on the 10-year U.S. Treasury note climbing to around 1.65% by year end. That’s about 35 basis points—or hundredths of a percentage point—above current levels, but below the 1.75% that the yield reached at its March 2021 highs. By next year, the 10-year Treasury could yield 2%, the group says. Those aren’t big moves in absolute terms, but they’re meaningful for the bond market—and could be even more so for stocks.\nRising yields tend to weigh on stock valuations for two reasons. Higher-yielding bonds offer competition to stocks, and companies’ future earnings are worthless in the present when discounting them at a higher rate. Still, a 10-year yield around 2% won’t be enough to knock stock valuations down to pre-Covid levels. Even if yields climb, market strategists see the price/earnings multiple of the S&P 500 holding well above its 30-year average of 16 times forward earnings. The index’s forward P/E topped 23 last fall.\n\nAs long as 10-year Treasury yields stay in the 2% range, the S&P 500 should be able to command a forward P/E in the high teens, strategists say. A return to the 16-times long-term average isn’t in the cards until there is more pressure from much higher yields—or something else that causes stocks to fall.\nIf yields surge past 2% or 2.25%, investors could start to question equity valuations more seriously, says State Street’schief portfolio strategist, Gaurav Mallik: “We haven’t seen [the 10-year yield] above 2% for some time now, so that’s an important sentiment level for investors.”\n\nWilson is more concerned, noting that the stock market’s valuation risk is asymmetric: “It’s very unlikely that multiples are going to go up, and there’s a good chance that they go down more than 10% given the deceleration in growth and where we are in the cycle,” he says\nIf 16 to 23 times forward earnings is the range, he adds, “you’re already at the very high end of that. There’s more potential risk than reward.”\nSome P/E-multiple compression is baked into all six strategists’ forecasts, heaping greater importance on the path of profit growth. On average, the strategists expect S&P 500 earnings to jump 46% this year, to about $204, after last year’s earnings depression. That could be followed by a more normalized gain of 9% in 2022, to about $222.50.\nA potential headwind would be a higher federal corporate-tax rate in 2022. The details of Democrats’ spending and taxation plans will be worked out in the coming weeks, and investors can expect to hear a lot more about potential tax increases. Several strategists see a 25% federal rate on corporate profits as a likely compromise figure, above the 21% in place since 2018, but below the 28% sought by the Biden administration.\nAn increase of that magnitude would shave about 5% off S&P 500 earnings next year. The index could drop by a similar amount as the passage of the Democrats’ reconciliation bill nears this fall, but the impact should be limited to that initial correction. As with the tax cuts in December 2017, the change should be a one-time event for the market, some strategists predict.\nThese concerns aside, investors shouldn’t miss the bigger picture: The U.S. economy is in good shape and growing robustly. The strategists expect gross domestic product to rise 6.3% this year and about 4% in 2022. “The cyclical uplift and above-trend growth will continue at least through 2022, and we want to be biased toward assets that have that exposure,” says Mallik.\n\n “We’re going to have a hot economy this year and next. When GDP growth is above average, value beats growth and cyclicals beat defensives.”— Lori Calvasina, RBC Capital Markets\n\nThe State Street strategist recommends overweighting materials, financials, and technology in investment portfolios. That approach includes both economically sensitive companies, such as banks and miners, and steady growers in the tech sector.\nRBC Capital Markets’ head of U.S. equity strategy, Lori Calvasina, likewise takes a barbell approach, with both cyclical and growth exposure. Her preferred sectors are energy, financials, and technology.\n“Valuations are still a lot more attractive in financials and energy than growth [sectors such as technology or consumer discretionary,]” Calvasina says. “The catalyst in the near term is getting out of the current Covid wave... We’re going to have a hot economy this year and next, and traditionally when GDP growth is above average, value beats growth and cyclicals beat defensives.”\nBut the focus on quality will be pivotal, especially moving into the second half of 2022. That’s when the Fed is likely to hike interest rates for the first time in this cycle. By 2023, the economy could return to pre-Covid growth on the order of 2%.\n“The historical playbook is that coming out of a recession, you tend to see low-quality outperformance that lasts about a year, then leadership flips back to high quality,” Calvasina says. “But that transition from low quality back to high quality tends to be very bumpy.”\nA Shopping List for Fall\nMost strategists favor a combination of economically sensitive stocks and steady growers, including tech shares. Financials should do well, particularly if bond yields rise.\n\nAlthough stocks with quality attributes have outperformed the market this summer, according to a BlackRock analysis, the quality factor has lagged since positive vaccine news was first reported last November.\n“We’re moving into a mid-cycle environment, when underlying economic growth remains strong but momentum begins to decelerate,” BlackRock’s Fredericks says. “Our research shows that quality stocks perform particularly well in such a period.”\nHe recommends overweighting profitable technology companies; financials, including banks, and consumer staples and industrials with those quality characteristics.\nFor Wells Fargo’s head of equity strategy, Christopher Harvey, a mix of post-pandemic beneficiaries and defensive exposure is the way to go. He constructed a basket of stocks with lower-than-average volatility—which should outperform during periods of market uncertainty or stress this fall—and high “Covid beta,” or sensitivity to good or bad news about the pandemic. One requirement; The stocks had to be rated the equivalent of Buy by Wells Fargo’s equity analysts.\n“There’s near-term economic uncertainty, interest-rate uncertainty, and Covid risk, and generally we’re in a seasonally weaker part of the year around September,” says Harvey. “If we can balance low vol and high Covid beta, we can mitigate a lot of the upcoming uncertainty and volatility around timing of several of those catalysts. Longer-term, though, we still want to have that [reopening exposure.]”\nHarvey’s list of low-volatility stocks with high Covid beta includesApple(AAPL),Bank of America(BAC),Northern Trust(NTRS),Lowe’s(LOW),IQVIA Holdings(IQV), andMasco(MAS).\nOverall, banks are the most frequently recommended group for the months ahead. TheInvesco KBW Bankexchange-traded fund (KBWB) provides broad exposure to the sector in the U.S.\n“We like the valuations [and] credit quality; they are now allowed to buy back shares and increase dividends, and there’s higher Covid beta,” says Harvey.\nCheaper valuations mean less potential downside in a market correction. And, contrary to much of the rest of the stock market, higher interest rates would be a tailwind for the banks, which could then charge more for loans.\nHealthcare stocks also have some fans. “Healthcare has both defensive and growth attributes to it,” Wilson says. “You’re paying a lot less per unit of growth in healthcare today than you are in other sectors. So we think it provides good balance in this market when we’re worried about valuation.” Health insurerHumana(HUM) makes Wilson’s “Fresh Money Buy List” of stocks Buy-rated by Morgan Stanley analysts and fitting his macro views.\nNuveen’s Malik is also looking toward health care for relatively underpriced growth exposure, namely in the pharmaceuticals and biotechnology groups. She points toSeagen(SGEN), which is focused on oncology drugs and could be an attractive acquisition target for a pharma giant.\nMalik also likesAbbVie(ABBV) which trades at an undemanding eight times forward earnings and sports a 4.7% dividend yield. The coming expiration of patents on its blockbuster anti-inflammatory drug Humira has kept some investors away, but Malik is confident that management can limit the damage and sees promising drugs in development at the $200 billion company.\nBoth stocks have had a tough time in recent days. Seagen fell more than 8% last week, to around $152, on news that its co-founder and CEO sold a large number of shares recently. AndAbbVietanked 7% Wednesday, to $112.27, after the Food and Drug Administration required new warning labels for JAK inhibitors, a type of anti-rheumatoid drug that includes one of AbbVie’s most promising post-Humira products.\nPfizer(PFE),American Express(AXP),Johnson & Johnson(JNJ), andCisco Systems(CSCO) are other S&P 500 members that pass aBarron’sscreen for quality attributes.\nAfter a year of steady gains, investors might be reminded this fall that stocks can also decline, as growth momentum and policy support begin to fade. But underlying economic strength supports buying the dip, should the market drop from its highs. Just be more selective. And go with quality.","news_type":1,"symbols_score_info":{".DJI":0.9,".SPX":0.9,"SPY":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":607,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":815645314,"gmtCreate":1630677778938,"gmtModify":1631883763339,"author":{"id":"3577608661218389","authorId":"3577608661218389","name":"DansonYong","avatar":"https://static.tigerbbs.com/d847e6b2cafe58e68ceb1d9adcb8038f","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3577608661218389","idStr":"3577608661218389"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/EDU\">$New Oriental Education &amp; Technology(EDU)$</a>what happen ? Tiger broker system problem?","listText":"<a href=\"https://laohu8.com/S/EDU\">$New Oriental Education &amp; Technology(EDU)$</a>what happen ? Tiger broker system problem?","text":"$New Oriental Education & Technology(EDU)$what happen ? Tiger broker system problem?","images":[{"img":"https://static.tigerbbs.com/05ce0357a710094fbc55efb6211d75c3","width":"750","height":"1065"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":1,"link":"https://laohu8.com/post/815645314","isVote":1,"tweetType":1,"viewCount":1395,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3576321109296461","authorId":"3576321109296461","name":"Nathan888","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3576321109296461","idStr":"3576321109296461"},"content":"牛B，成本价怎么到这么低的","text":"牛B，成本价怎么到这么低的","html":"牛B，成本价怎么到这么低的"}],"imageCount":1,"langContent":"EN","totalScore":0}],"lives":[]}