KLKK的个人主页 - 老虎社区

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2021-08-02

Good

Is Now The Time To Buy Stock In Uber, Lyft, DoorDash Or Match Group?<blockquote>现在是购买Uber、Lyft、DoorDash或Match Group股票的时候吗？</blockquote>

2021-08-02

Yes

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2021-07-28

😄

Hot Chinese concept stocks continue to rebound<blockquote>热点中概股持续反弹</blockquote>

2021-07-28

No

抱歉，原内容已删除

2021-07-27

Good

抱歉，原内容已删除

2021-07-16

$Luokung Technology Corp(LKCO)$fund continue accumulations [贱笑] [贱笑]

2021-07-05

Good

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2021-07-04

Good

抱歉，原内容已删除

2021-06-29

$Luokung Technology Corp(LKCO)$target 5...good luck

2021-06-25

Nice

抱歉，原内容已删除

2021-06-25

Great

抱歉，原内容已删除

2021-06-22

Smile 😃

抱歉，原内容已删除

2021-06-22

Fund will laugh till the end

Powell Just Launched $2 Trillion In "Heat-Seeking Missiles": Zoltan Explains How The Fed Started The Next Repo Crisis<blockquote>鲍威尔刚刚发射了2万亿美元的“热寻导弹”：Zoltan解释美联储如何开启下一次回购危机</blockquote>

2021-06-22

🤣

EV stocks fell in morning trading<blockquote>电动汽车股早盘下跌</blockquote>

2021-06-21

Come back

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2021-06-21

Nice

抱歉，原内容已删除

2021-06-21

Huat...

抱歉，原内容已删除

2021-06-19

Nice

Sykes Enterprises Soars on Deal to Be Bought by Sitel Group<blockquote>Sykes Enterprises因被Sitel Group收购而股价飙升</blockquote>

2021-06-19

Yes

抱歉，原内容已删除

2021-06-19

Yes

Adobe Getting Lift From Economic Reopening Post-Pandemic<blockquote>Adobe从大流行后经济重新开放中获得提振</blockquote>

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WIIMs are a <a href=\"https://laohu8.com/S/AONE.U\">one</a>-sentence description as to why a stock is moving.</p><p><blockquote>这就是Benzinga在Benzinga Pro中创建“为什么它在移动”(WIIM)功能的原因。WIIMs是一个<a href=\"https://laohu8.com/S/AONE.U\">一</a>-句子描述股票为什么会变动。</blockquote></p><p> Analysts and brokerage firms often use ratings when they issue stock recommendations to stock traders.</p><p><blockquote>分析师和经纪公司在向股票交易者发布股票推荐时经常使用评级。</blockquote></p><p> Analysts arrive at stock ratings by researching public financial statements, communicating with executives and customers&nbsp;and following industry trends.</p><p><blockquote>分析师通过研究公开财务报表、与高管和客户沟通以及跟踪行业趋势来得出股票评级。</blockquote></p><p> Gordon Haskett analyst Robert Mollins initiated&nbsp;coverage on<b><a href=\"https://laohu8.com/S/UBER\">Uber</a> Technologies Inc</b>(NYSE:UBER)&nbsp;with a Buy rating and announced&nbsp;a price target of&nbsp;$65.</p><p><blockquote>Gordon Haskett分析师Robert Mollins首次报道<b><a href=\"https://laohu8.com/S/UBER\">优步</a>技术公司</b>（纽约证券交易所股票代码：UBER）给予买入评级，并宣布目标价为65美元。</blockquote></p><p> <a href=\"https://laohu8.com/S/UBER\">Uber</a> is trading higher by 1.2% at $44.</p><p><blockquote><a href=\"https://laohu8.com/S/UBER\">优步</a>交易价格上涨1.2%，至44美元。</blockquote></p><p> Gordon Haskett analyst Robert Mollins initiated&nbsp;coverage on<b>LYFT Inc</b>(NASDAQ:LYFT)&nbsp;with a Hold rating and announced&nbsp;a price target of&nbsp;$59.</p><p><blockquote>Gordon Haskett分析师Robert Mollins首次报道<b>LYFT公司</b>（纳斯达克：LYFT）给予持有评级，并宣布目标价59美元。</blockquote></p><p> Credit Suisse analyst Stephen Ju maintained&nbsp;Lyft with an Outperform and raised&nbsp;the price target from&nbsp;$76&nbsp;to&nbsp;$79.</p><p><blockquote>瑞信分析师Stephen Ju维持Lyft跑赢大盘评级，并将目标价从76美元上调至79美元。</blockquote></p><p> Lyft is trading higher by 1.6% at $56.21.</p><p><blockquote>Lyft股价上涨1.6%，至56.21美元。</blockquote></p><p> Gordon Haskett analyst Robert Mollins initiated&nbsp;coverage on<b>DoorDash Inc</b>(NYSE:DASH)&nbsp;with a Buy rating and announced&nbsp;a price target of&nbsp;$206.</p><p><blockquote>Gordon Haskett分析师Robert Mollins首次报道<b>门达什公司</b>(NYSE：DASH)给予买入评级，并宣布目标价为206美元。</blockquote></p><p> DoorDash is trading higher by 0.4% at $175.</p><p><blockquote>DoorDash的交易价格上涨0.4%，至175美元。</blockquote></p><p> Keybanc analyst Justin <a href=\"https://laohu8.com/S/PDCO\">Patterson</a> maintained&nbsp;<b><a href=\"https://laohu8.com/S/MTCH\">Match</a> Group Inc</b>(NASDAQ:MTCH)&nbsp;with an Overweight and raised&nbsp;the price target from&nbsp;$172&nbsp;to&nbsp;$176.</p><p><blockquote>Keybanc分析师贾斯汀<a href=\"https://laohu8.com/S/PDCO\">帕特森</a>维持<b><a href=\"https://laohu8.com/S/MTCH\">比赛</a>集团公司</b>（纳斯达克：MTCH）给予跑赢大盘，并将目标价从172美元上调至176美元。</blockquote></p><p> <a href=\"https://laohu8.com/S/MTCH\">Match</a> Group is trading higher by 0.5% at $160.12.</p><p><blockquote><a href=\"https://laohu8.com/S/MTCH\">比赛</a>Group股价上涨0.5%，至160.12美元。</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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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\">\nIs Now The Time To Buy Stock In Uber, Lyft, DoorDash Or Match Group?<blockquote>现在是购买Uber、Lyft、DoorDash或Match Group股票的时候吗？</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\">2021-08-02 20:27</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>One of the most common questions traders have about stocks is “Why Is It Moving?”</p><p><blockquote>交易者对股票最常见的问题之一是“它为什么会变动？”</blockquote></p><p> That’s why Benzinga created the Why Is It Moving, or WIIM, feature in&nbsp;Benzinga Pro. WIIMs are a <a href=\"https://laohu8.com/S/AONE.U\">one</a>-sentence description as to why a stock is moving.</p><p><blockquote>这就是Benzinga在Benzinga Pro中创建“为什么它在移动”(WIIM)功能的原因。WIIMs是一个<a href=\"https://laohu8.com/S/AONE.U\">一</a>-句子描述股票为什么会变动。</blockquote></p><p> Analysts and brokerage firms often use ratings when they issue stock recommendations to stock traders.</p><p><blockquote>分析师和经纪公司在向股票交易者发布股票推荐时经常使用评级。</blockquote></p><p> Analysts arrive at stock ratings by researching public financial statements, communicating with executives and customers&nbsp;and following industry trends.</p><p><blockquote>分析师通过研究公开财务报表、与高管和客户沟通以及跟踪行业趋势来得出股票评级。</blockquote></p><p> Gordon Haskett analyst Robert Mollins initiated&nbsp;coverage on<b><a href=\"https://laohu8.com/S/UBER\">Uber</a> Technologies Inc</b>(NYSE:UBER)&nbsp;with a Buy rating and announced&nbsp;a price target of&nbsp;$65.</p><p><blockquote>Gordon Haskett分析师Robert Mollins首次报道<b><a href=\"https://laohu8.com/S/UBER\">优步</a>技术公司</b>（纽约证券交易所股票代码：UBER）给予买入评级，并宣布目标价为65美元。</blockquote></p><p> <a href=\"https://laohu8.com/S/UBER\">Uber</a> is trading higher by 1.2% at $44.</p><p><blockquote><a href=\"https://laohu8.com/S/UBER\">优步</a>交易价格上涨1.2%，至44美元。</blockquote></p><p> Gordon Haskett analyst Robert Mollins initiated&nbsp;coverage on<b>LYFT Inc</b>(NASDAQ:LYFT)&nbsp;with a Hold rating and announced&nbsp;a price target of&nbsp;$59.</p><p><blockquote>Gordon Haskett分析师Robert Mollins首次报道<b>LYFT公司</b>（纳斯达克：LYFT）给予持有评级，并宣布目标价59美元。</blockquote></p><p> Credit Suisse analyst Stephen Ju maintained&nbsp;Lyft with an Outperform and raised&nbsp;the price target from&nbsp;$76&nbsp;to&nbsp;$79.</p><p><blockquote>瑞信分析师Stephen Ju维持Lyft跑赢大盘评级，并将目标价从76美元上调至79美元。</blockquote></p><p> Lyft is trading higher by 1.6% at $56.21.</p><p><blockquote>Lyft股价上涨1.6%，至56.21美元。</blockquote></p><p> Gordon Haskett analyst Robert Mollins initiated&nbsp;coverage on<b>DoorDash Inc</b>(NYSE:DASH)&nbsp;with a Buy rating and announced&nbsp;a price target of&nbsp;$206.</p><p><blockquote>Gordon Haskett分析师Robert Mollins首次报道<b>门达什公司</b>(NYSE：DASH)给予买入评级，并宣布目标价为206美元。</blockquote></p><p> DoorDash is trading higher by 0.4% at $175.</p><p><blockquote>DoorDash的交易价格上涨0.4%，至175美元。</blockquote></p><p> Keybanc analyst Justin <a href=\"https://laohu8.com/S/PDCO\">Patterson</a> maintained&nbsp;<b><a href=\"https://laohu8.com/S/MTCH\">Match</a> Group Inc</b>(NASDAQ:MTCH)&nbsp;with an Overweight and raised&nbsp;the price target from&nbsp;$172&nbsp;to&nbsp;$176.</p><p><blockquote>Keybanc分析师贾斯汀<a href=\"https://laohu8.com/S/PDCO\">帕特森</a>维持<b><a href=\"https://laohu8.com/S/MTCH\">比赛</a>集团公司</b>（纳斯达克：MTCH）给予跑赢大盘，并将目标价从172美元上调至176美元。</blockquote></p><p> <a href=\"https://laohu8.com/S/MTCH\">Match</a> Group is trading higher by 0.5% at $160.12.</p><p><blockquote><a href=\"https://laohu8.com/S/MTCH\">比赛</a>Group股价上涨0.5%，至160.12美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LYFT":"Lyft, Inc.","TIME":"Clockwise Core Equity & Innovation ETF","UBER":"优步","MTCH":"Match Group, Inc.","DASH":"DoorDash, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166947562","content_text":"One of the most common questions traders have about stocks is “Why Is It Moving?”\nThat’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why a stock is moving.\nAnalysts and brokerage firms often use ratings when they issue stock recommendations to stock traders.\nAnalysts arrive at stock ratings by researching public financial statements, communicating with executives and customers and following industry trends.\nGordon Haskett analyst Robert Mollins initiated coverage onUber Technologies Inc(NYSE:UBER) with a Buy rating and announced a price target of $65.\nUber is trading higher by 1.2% at $44.\nGordon Haskett analyst Robert Mollins initiated coverage onLYFT Inc(NASDAQ:LYFT) with a Hold rating and announced a price target of $59.\nCredit Suisse analyst Stephen Ju maintained Lyft with an Outperform and raised the price target from $76 to $79.\nLyft is trading higher by 1.6% at $56.21.\nGordon Haskett analyst Robert Mollins initiated coverage onDoorDash Inc(NYSE:DASH) with a Buy rating and announced a price target of $206.\nDoorDash is trading higher by 0.4% at $175.\nKeybanc analyst Justin Patterson maintained Match Group Inc(NASDAQ:MTCH) with an Overweight and raised the price target from $172 to $176.\nMatch Group is trading higher by 0.5% at 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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":1627481786,"share":"https://www.laohu8.com/m/news/1154854343?lang=zh_CN&edition=full","pubTime":"2021-07-28 22:16","market":"us","language":"en","title":"Hot Chinese concept stocks continue to rebound<blockquote>热点中概股持续反弹</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154854343","media":"Tiger Newspress","summary":"Hot Chinese concept stocks continue to rebound in Wednesday morning trading.Alibaba,JD.com, Pinduodu","content":"<p>Hot Chinese concept stocks continue to rebound&nbsp;in Wednesday morning trading.Alibaba,JD.com,&nbsp;Pinduoduo,Baidu,DiDi&nbsp;Global,Nio,Xpeng Motors and Li Auto&nbsp;climbed between 3% and 13%.</p><p><blockquote>周三早盘热门中概股继续反弹，阿里巴巴、京东、拼多多、百度、滴滴全球、蔚来、小鹏汽车和理想汽车涨幅在3%至13%之间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8198eadc3c17e2d3fa3226a5348e1bef\" tg-width=\"359\" tg-height=\"603\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hot Chinese concept stocks continue to rebound<blockquote>热点中概股持续反弹</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; 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#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\">\nHot Chinese concept stocks continue to rebound<blockquote>热点中概股持续反弹</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\">2021-07-28 22:16</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Hot Chinese concept stocks continue to rebound&nbsp;in Wednesday morning trading.Alibaba,JD.com,&nbsp;Pinduoduo,Baidu,DiDi&nbsp;Global,Nio,Xpeng Motors and Li Auto&nbsp;climbed between 3% and 13%.</p><p><blockquote>周三早盘热门中概股继续反弹，阿里巴巴、京东、拼多多、百度、滴滴全球、蔚来、小鹏汽车和理想汽车涨幅在3%至13%之间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8198eadc3c17e2d3fa3226a5348e1bef\" tg-width=\"359\" tg-height=\"603\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","NTES":"网易","NIO":"蔚来","BABA":"阿里巴巴","JD":"京东","DIDI":"滴滴(已退市)","XPEV":"小鹏汽车","LI":"理想汽车","PDD":"拼多多"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154854343","content_text":"Hot Chinese concept stocks continue to rebound in Wednesday morning trading.Alibaba,JD.com, Pinduoduo,Baidu,DiDi Global,Nio,Xpeng Motors and Li Auto climbed between 3% and 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[贱笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/147572334","isVote":1,"tweetType":1,"viewCount":2714,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3559117231741218","authorId":"3559117231741218","name":"思维决定未来7","avatar":"https://static.tigerbbs.com/38e3c126e0967695053b12c7f0099193","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3559117231741218","idStr":"3559117231741218"},"content":"公司是个好公司发展理念不一样","text":"公司是个好公司发展理念不一样","html":"公司是个好公司发展理念不一样"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":155475699,"gmtCreate":1625451259811,"gmtModify":1631890422682,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/155475699","repostId":"1138258779","repostType":4,"isVote":1,"tweetType":1,"viewCount":2441,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":152720817,"gmtCreate":1625358525439,"gmtModify":1631890422695,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/152720817","repostId":"1165340887","repostType":4,"isVote":1,"tweetType":1,"viewCount":1354,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":159867976,"gmtCreate":1624956629595,"gmtModify":1631883925540,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"themes":[],"htmlText":"<a 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luck","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/159867976","isVote":1,"tweetType":1,"viewCount":3789,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126449031,"gmtCreate":1624582756323,"gmtModify":1631890422706,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/126449031","repostId":"1193737129","repostType":4,"isVote":1,"tweetType":1,"viewCount":3009,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126455584,"gmtCreate":1624582633448,"gmtModify":1631890422718,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/126455584","repostId":"2146023477","repostType":4,"isVote":1,"tweetType":1,"viewCount":519,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120119063,"gmtCreate":1624313980652,"gmtModify":1631890422728,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"themes":[],"htmlText":"Smile&nbsp; 😃","listText":"Smile&nbsp; 😃","text":"Smile 😃","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120119063","repostId":"2145084835","repostType":4,"isVote":1,"tweetType":1,"viewCount":533,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120137424,"gmtCreate":1624313844968,"gmtModify":1631891814173,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"themes":[],"htmlText":"Fund will laugh till the end","listText":"Fund will laugh till the end","text":"Fund will laugh till the end","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/120137424","repostId":"1146982088","repostType":4,"repost":{"id":"1146982088","kind":"news","pubTimestamp":1624259620,"share":"https://www.laohu8.com/m/news/1146982088?lang=zh_CN&edition=full","pubTime":"2021-06-21 15:13","market":"us","language":"en","title":"Powell Just Launched $2 Trillion In \"Heat-Seeking Missiles\": Zoltan Explains How The Fed Started The Next Repo Crisis<blockquote>鲍威尔刚刚发射了2万亿美元的“热寻导弹”：Zoltan解释美联储如何开启下一次回购危机</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1146982088","media":"zerohedge","summary":"Last week, amid thefire and brimstone surroundingthe market's shocked response to the Fed's unexpect","content":"<p>Last week, amid thefire and brimstone surroundingthe market's shocked response to the Fed's unexpected hawkish pivot, we noted that there were two tangible, if less noted changes: the Fed adjusted the two key \"administered\" rates, raising both the IOER and RRP rates by 5 basis points (as correctly predicted by Bank of America, JPMorgan, Wrightson, Deutsche Bank and Wells Fargo while Citi, Oxford Economics, Jefferies, Credit Suisse, Standard Chartered, BMO were wrong in predicting no rate change), in an effort to push the Effective Fed Funds rate higher and away from its imminent rendezvous with 0%.</p><p><blockquote>上周，在市场对美联储意外鹰派转向的震惊反应中，我们注意到有两个切实但不太引人注目的变化：美联储调整了两个关键的“管理”利率，将IOER和RRP利率都提高了5个基点（正如美国银行、摩根大通、莱特森、德意志银行和富国银行正确预测的那样，而花旗、牛津经济研究院、杰富瑞、瑞士信贷、渣打银行、蒙特利尔银行错误地预测利率不会变化），以推动有效联邦基金利率走高，远离即将到来的0%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/31e3c93e7ae558cd9f2fdb7e4a2769f1\" tg-width=\"500\" tg-height=\"377\">What does this mean? As Curvature Securities repo guru,Scott Skyrm wrote last week, \"clearly the Fed intends to move overnight rates above zero and drain the RRP&nbsp; facility of cash.\" Unfortunately, the end result would be precisely the opposite of what the Fed had wanted to achieve.</p><p><blockquote>这是什么意思？正如Curvature Securities回购专家Scott Skyrm上周写道，“显然，美联储打算将隔夜利率提高到零以上，并耗尽RRP工具的现金。”不幸的是，最终结果将与美联储想要达到的目标完全相反。</blockquote></p><p> But what does this really mean for overnight rates and RRP volume? As Skyrm further noted, the increase in the IOER should pull the daily fed funds rate 5 basis points higher and, in turn, put upward pressure on Repo GC. Combined with the 5 basis point increase in RRP, GC should move a solid 5 basis points higher, which it has.</p><p><blockquote>但这对于隔夜利率和建议零售价交易量到底意味着什么？正如Skyrm进一步指出的那样，IOER的上升应该会将每日联邦基金利率拉高5个基点，进而给回购GC带来上行压力。结合RRP增加5个基点，GC应该会大幅上涨5个基点，事实也确实如此。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e8b99df7af1731b4bdcbcf072dcf39ce\" tg-width=\"500\" tg-height=\"272\">The problem, as Skyrm warned, is that the Fed's technical adjustment would do nothing to ease the RRP volume:</p><p><blockquote>正如Skyrm警告的那样，问题在于美联储的技术调整无助于缓解建议零售额：</blockquote></p><p>   When market Repo rates were at 0% and the RRP rate was at zero, ~$500 billion went into the RRP. Well, if both market Repo rates and the RRP rate are 5 basis points higher, there's no reason to pull cash out of the RRP. For example, if GC rates moved to .05% and the RRP rate stayed at zero, investor preferences to invest at a higher rate would remove cash from the RRP.  Bottom line: with both market rates and RRP at .05%, there's really no economic incentive for cash investors to move cash to the Repo market. Or, as we summarized, \"<i>the Fed's rate change may have zero impact on the Fed's reverse repo facility, or the record half a trillion in cash parked there.\"</i></p><p><blockquote>当市场回购利率为0%且RRP利率为零时，约5000亿美元进入RRP。好吧，如果市场回购利率和RRP利率都高出5个基点，就没有理由从RRP中提取现金。例如，如果GC利率升至0.05%，而RRP利率保持在零，投资者以更高利率投资的偏好将从RRP中移除现金。底线：由于市场利率和建议零售价均为0.05%，现金投资者确实没有经济动机将现金转移到回购市场。或者，正如我们总结的那样，“<i>美联储的利率变化可能对美联储的逆回购工具或创纪录的5000亿现金产生零影响。”</i></blockquote></p><p> In retrospect, boy was that an understatement, because just one day later the already record usage of the Fed's Reverse Repo facility spiked by a record 50%, exploding to a staggering $756 billion (it closed Friday at $747 billion) as the GSEs.</p><p><blockquote>回想起来，这是一种轻描淡写的说法，因为仅仅一天后，美联储逆回购工具的使用量就飙升了创纪录的50%，随着GSE的出现，飙升至惊人的7560亿美元（周五收盘价为7470亿美元）。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0fba18d7808300abc3bdf4ffaa3d5fb6\" tg-width=\"500\" tg-height=\"273\">Needless to say, flooding the Fed's RRP facility and sterilizing reserves is hardly what the Fed had intended, and as Credit Suisse's own repo guru (and former NY Fed staffer) Zoltan Pozsar wrote in his post-mortem, \"<b>the re-priced RRP facility will become a problem for the banking system fast:</b><b><u>the banking system is going from being asset constrained (deposits flooding in, but nowhere to lend them but to the Fed), to being liability constrained (deposits slipping away and nowhere to replace them but in the money market</u></b><b>).\"</b></p><p><blockquote>不用说，淹没美联储的建议零售价工具和冲销准备金几乎不是美联储的本意，正如瑞士信贷自己的回购专家（前纽约联储工作人员）Zoltan Pozsar在他的事后分析中所写的那样，“<b>重新定价的建议零售价融资将很快成为银行系统的一个问题：</b><b><u>银行体系正在从资产约束（存款大量涌入，但除了美联储之外无处可贷）转变为负债约束（存款不断流失，除了货币市场之外无处可替代）</u></b><b>).\"</b></blockquote></p><p> What he means by that is that whereas previously the RRP rate of 0.00% did not<i>reward</i>allocation of inert, excess reserves but merely provided a place to park them, now that the Fed is providing a generous yield pick up compared to rates offered by trillions in Bills, we are about to see a sea-change in the overnight, money-market, as trillions in capital reallocate away from traditional investments and into the the Fed's RRP.</p><p><blockquote>他的意思是，以前0.00%的RRP利率没有<i>奖励</i>分配惰性的超额准备金，但只是提供了一个存放它们的地方，现在美联储提供的收益率与数万亿票据提供的利率相比大幅上升，我们即将看到隔夜货币市场发生翻天覆地的变化，数万亿资本从传统投资重新分配到美联储的建议零售价。</blockquote></p><p> In other words, as Pozsar puts it, \"the RRP facility started to sterilize reserves... with more to come.\" And just as Deutsche Bank explained why the Fed's signaling was an r* policy error, to Pozsar, the Fed<i><b>also</b></i>made a policy error - only this time with its technical rates - by steriling reserves because \"it’s one thing to raise the rate on the RRP facility when an increase was not strictly speaking necessary, and it’s another to raise it “unduly” high – as one money fund manager put it, “<b>yesterday we could not even get a basis points a year; to get endless paper at five basis points from the most trusted counterparty is a dream come true.\"</b></p><p><blockquote>换句话说，正如Pozsar所说，“RRP设施开始对储备进行消毒……还会有更多储备。”而就在德意志银行向Pozsar解释为什么美联储的信号是一个r*政策错误时，美联储<i><b>也</b></i>犯了一个政策错误——只是这次是技术利率——冲销准备金，因为“当严格来说没有必要提高RRP设施的利率时，提高RRP设施的利率是一回事，而将其提高到‘过高’是另一回事——正如一位货币基金经理所说，”<b>昨天，我们一年甚至拿不到一个基点；以五个基点从最值得信赖的交易对手那里获得无尽的票据是梦想成真。”</b></blockquote></p><p> He's right: while 0bps may have been viewed by many as too low, it was hardly catastrophic for now (Credit Suisse was one of those predicting no administered rate hike),<b>5bps is too generous</b>, according to Pozsar who warns that the new reverse repo rate<b>will upset the state of \"singularity\"</b>and \"like heat-seeking missiles, money market investors move hundreds of billions, making sharp, 90º turns hunting for even a basis point of yield at the zero bound –<b>at 5 bps, money funds have an incentive to trade out of all their Treasury bills and park cash at the RRP facility.\"</b></p><p><blockquote>他是对的：虽然许多人可能认为0个基点太低，但目前这很难说是灾难性的（瑞士信贷是预测不会有管理加息的机构之一），<b>5bps太慷慨了</b>Pozsar警告说，新的逆回购利率<b>将颠覆“奇点”状态</b>“就像热寻的导弹一样，货币市场投资者转移了数千亿美元，急转弯90度，在零边界寻找哪怕一个基点的收益率——<b>在5个基点的利率下，货币基金有动力出售所有国库券并将现金存放在RRP设施中。”</b></blockquote></p><p></p><p> Indeed, as shown below, bills yield less than 5 bps out to 6 months,<b>and money funds have over $2 trillion of bills.</b>They got an the incentive to sell, while others have the incentive to buy: institutions whose deposits have been “tolerated” by banks until now earning zero interest have an incentive to harvest the 0-5 bps range the bill curve has to offer. Putting your cash at a basis point in bills is better than deposits at zero.<b>So the sterilization of reserves begins, and so the o/n RRP facility turns from a largely passive tool that provided an interest rate floor to the deposits that large banks have been pushing away, into an active tool that \"sucks\" the deposits away that banks decided to retain.</b></p><p><blockquote>事实上，如下图所示，6个月的票据收益率不到5个基点，<b>货币基金拥有超过2万亿美元的票据。</b>他们有卖出的动机，而其他人有买入的动机：那些存款一直被银行“容忍”到目前为止赚取零利息的机构有动力获得票据曲线提供的0-5个基点的范围。将现金以一个基点存入票据比零存款要好。<b>因此，准备金冲销开始了，因此o/n RRP工具从一个为大型银行一直在推走的存款提供利率下限的基本上被动的工具，变成了一个“吸走”银行决定保留的存款的主动工具。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/bf593f7b1d2d665f39384ed6a998d3bf\" tg-width=\"500\" tg-height=\"403\">To help readers visualize what is going on, the Credit Suisse strategist suggest the following \"extreme\" thought experiment: most of the “Covid-19” deposits currently with banks go into the bill market where rates are better. Money funds sell bills to institutional investors that currently keep their cash at banks, and money funds swap bills for o/n RRPs. Said (somewhat) simply, while previously the Fed provided banks with a convenient place to park reserves, it now will actively drain reserves to the point where we may end up with another 2019-style repo crisis, as most financial institutions suddenly find themsleves with<i><b>too few</b></i>intraday reserves, forcing them to use the Fed's other funding facilities (such as FX swap lines) to remain consistently solvent.</p><p><blockquote>为了帮助读者直观地了解正在发生的事情，瑞士信贷策略师建议进行以下“极端”的思想实验：目前银行的大部分“Covid-19”存款都进入了利率更好的票据市场。货币基金向目前将现金存放在银行的机构投资者出售票据，货币基金将票据交换为o/N RRP。（有点）简单地说，虽然美联储以前为银行提供了一个方便的存放准备金的地方，但现在它将积极耗尽准备金，以至于我们可能最终会陷入另一场2019年式的回购危机，因为大多数金融机构突然发现自己与<i><b>太少</b></i>日内储备，迫使它们使用美联储的其他融资工具（如外汇掉期额度）来保持持续的偿付能力。</blockquote></p><p> This process is not overnight. It will take a few weeks to observe the fallout from the Fed's reserve sterilization.</p><p><blockquote>这个过程不是一蹴而就的。需要几周时间才能观察到美联储准备金冲销的影响。</blockquote></p><p> And here is why the problem is similar to the repo crisis of 2019: soon we will find that while cash-rich banks can handle the outflows,<b>some bond-heavy banks cannot.</b>As a result, Zoltan predicts that next \"we will notice that some banks (those who can<i><b>not</b></i>handle outflows) are borrowing advances from FHLBs, and cash-rich banks stop lending in the FX swap market as the RRP facility pulled reserves away from them and the Fed has to re-start the FX swap lines to offset.\"</p><p><blockquote>这就是为什么这个问题与2019年的回购危机类似：很快我们就会发现，虽然现金充裕的银行可以应对资金外流，<b>一些债券密集型银行则不能。</b>因此，Zoltan预测，接下来“我们将注意到一些银行（那些能够<i><b>不</b></i>处理资金外流）正在从FHLB借入预付款，现金充裕的银行停止在外汇掉期市场放贷，因为RRP工具从它们那里抽走了准备金，美联储不得不重新启动外汇掉期额度来抵消。”</blockquote></p><p> Bottom line:<i><b>whereas previously we saw Libor-OIS collapse, this key funding spread will have to widen from here, unless the Fed lowers the o/n RRP rate again back to where it was before.</b></i></p><p><blockquote>底线：<i><b>尽管之前我们看到Libor-OIS崩溃，但这一关键资金利差将不得不从这里扩大，除非美联储再次将o/n RRP利率降低到以前的水平。</b></i></blockquote></p><p> Or, as Zoltan summarizes, \"It’s either quantities or prices\" - indeed,<b>in 2019 the Fed chose prices over quantities, which backfired, and led to the repo crisis which ended the Fed's hiking cycle and started \"NOT QE.\"</b>While the Fed redeemed itself in February, when it expanded the usage of the RRP without making it liability-constrained as it chose quantities over prices - which worked well - last Wednesday,<b>the Fed turned “unlimited” quantities into “money for free” and started to sterilize reserves.</b></p><p><blockquote>或者，正如Zoltan总结的那样，“要么是数量，要么是价格”——事实上，<b>2019年，美联储选择了价格而不是数量，这适得其反，并导致了回购危机，结束了美联储的加息周期，并开始了“非量化宽松”。</b>虽然美联储在2月份进行了自我救赎，但上周三，它在没有使其负债受到限制的情况下扩大了建议零售价的使用范围，因为它选择了数量而不是价格——这一点效果很好——<b>美联储将“无限”的数量变成了“免费的钱”，并开始冲销储备。</b></blockquote></p><p> Bottom line: \"we are witnessing the dealer of last resort (DoLR) learning the art of dealing, making unforced errors – if the Fed sterilizes with an overpriced o/n RRP facility, it has to be ready to add liquidity via the swap lines…\"</p><p><blockquote>底线：“我们正在目睹最后手段交易商（DoLR）学习交易艺术，犯非受迫性错误——如果美联储通过定价过高的o/n RRP工具进行冲销，它必须准备好通过掉期增加流动性线……”</blockquote></p><p> Translation:&nbsp;<b>by paying trillions in reserves 5bps, the Fed just planted the seeds of the next liquidity crisis.</b></p><p><blockquote>翻译：<b>通过支付数万亿美元的准备金5个基点，美联储刚刚播下了下一场流动性危机的种子。</b></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>Powell Just Launched $2 Trillion In \"Heat-Seeking Missiles\": Zoltan Explains How The Fed Started The Next Repo Crisis<blockquote>鲍威尔刚刚发射了2万亿美元的“热寻导弹”：Zoltan解释美联储如何开启下一次回购危机</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\">\nPowell Just Launched $2 Trillion In \"Heat-Seeking Missiles\": Zoltan Explains How The Fed Started The Next Repo Crisis<blockquote>鲍威尔刚刚发射了2万亿美元的“热寻导弹”：Zoltan解释美联储如何开启下一次回购危机</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-06-21 15:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Last week, amid thefire and brimstone surroundingthe market's shocked response to the Fed's unexpected hawkish pivot, we noted that there were two tangible, if less noted changes: the Fed adjusted the two key \"administered\" rates, raising both the IOER and RRP rates by 5 basis points (as correctly predicted by Bank of America, JPMorgan, Wrightson, Deutsche Bank and Wells Fargo while Citi, Oxford Economics, Jefferies, Credit Suisse, Standard Chartered, BMO were wrong in predicting no rate change), in an effort to push the Effective Fed Funds rate higher and away from its imminent rendezvous with 0%.</p><p><blockquote>上周，在市场对美联储意外鹰派转向的震惊反应中，我们注意到有两个切实但不太引人注目的变化：美联储调整了两个关键的“管理”利率，将IOER和RRP利率都提高了5个基点（正如美国银行、摩根大通、莱特森、德意志银行和富国银行正确预测的那样，而花旗、牛津经济研究院、杰富瑞、瑞士信贷、渣打银行、蒙特利尔银行错误地预测利率不会变化），以推动有效联邦基金利率走高，远离即将到来的0%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/31e3c93e7ae558cd9f2fdb7e4a2769f1\" tg-width=\"500\" tg-height=\"377\">What does this mean? As Curvature Securities repo guru,Scott Skyrm wrote last week, \"clearly the Fed intends to move overnight rates above zero and drain the RRP&nbsp; facility of cash.\" Unfortunately, the end result would be precisely the opposite of what the Fed had wanted to achieve.</p><p><blockquote>这是什么意思？正如Curvature Securities回购专家Scott Skyrm上周写道，“显然，美联储打算将隔夜利率提高到零以上，并耗尽RRP工具的现金。”不幸的是，最终结果将与美联储想要达到的目标完全相反。</blockquote></p><p> But what does this really mean for overnight rates and RRP volume? As Skyrm further noted, the increase in the IOER should pull the daily fed funds rate 5 basis points higher and, in turn, put upward pressure on Repo GC. Combined with the 5 basis point increase in RRP, GC should move a solid 5 basis points higher, which it has.</p><p><blockquote>但这对于隔夜利率和建议零售价交易量到底意味着什么？正如Skyrm进一步指出的那样，IOER的上升应该会将每日联邦基金利率拉高5个基点，进而给回购GC带来上行压力。结合RRP增加5个基点，GC应该会大幅上涨5个基点，事实也确实如此。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e8b99df7af1731b4bdcbcf072dcf39ce\" tg-width=\"500\" tg-height=\"272\">The problem, as Skyrm warned, is that the Fed's technical adjustment would do nothing to ease the RRP volume:</p><p><blockquote>正如Skyrm警告的那样，问题在于美联储的技术调整无助于缓解建议零售额：</blockquote></p><p>   When market Repo rates were at 0% and the RRP rate was at zero, ~$500 billion went into the RRP. Well, if both market Repo rates and the RRP rate are 5 basis points higher, there's no reason to pull cash out of the RRP. For example, if GC rates moved to .05% and the RRP rate stayed at zero, investor preferences to invest at a higher rate would remove cash from the RRP.  Bottom line: with both market rates and RRP at .05%, there's really no economic incentive for cash investors to move cash to the Repo market. Or, as we summarized, \"<i>the Fed's rate change may have zero impact on the Fed's reverse repo facility, or the record half a trillion in cash parked there.\"</i></p><p><blockquote>当市场回购利率为0%且RRP利率为零时，约5000亿美元进入RRP。好吧，如果市场回购利率和RRP利率都高出5个基点，就没有理由从RRP中提取现金。例如，如果GC利率升至0.05%，而RRP利率保持在零，投资者以更高利率投资的偏好将从RRP中移除现金。底线：由于市场利率和建议零售价均为0.05%，现金投资者确实没有经济动机将现金转移到回购市场。或者，正如我们总结的那样，“<i>美联储的利率变化可能对美联储的逆回购工具或创纪录的5000亿现金产生零影响。”</i></blockquote></p><p> In retrospect, boy was that an understatement, because just one day later the already record usage of the Fed's Reverse Repo facility spiked by a record 50%, exploding to a staggering $756 billion (it closed Friday at $747 billion) as the GSEs.</p><p><blockquote>回想起来，这是一种轻描淡写的说法，因为仅仅一天后，美联储逆回购工具的使用量就飙升了创纪录的50%，随着GSE的出现，飙升至惊人的7560亿美元（周五收盘价为7470亿美元）。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0fba18d7808300abc3bdf4ffaa3d5fb6\" tg-width=\"500\" tg-height=\"273\">Needless to say, flooding the Fed's RRP facility and sterilizing reserves is hardly what the Fed had intended, and as Credit Suisse's own repo guru (and former NY Fed staffer) Zoltan Pozsar wrote in his post-mortem, \"<b>the re-priced RRP facility will become a problem for the banking system fast:</b><b><u>the banking system is going from being asset constrained (deposits flooding in, but nowhere to lend them but to the Fed), to being liability constrained (deposits slipping away and nowhere to replace them but in the money market</u></b><b>).\"</b></p><p><blockquote>不用说，淹没美联储的建议零售价工具和冲销准备金几乎不是美联储的本意，正如瑞士信贷自己的回购专家（前纽约联储工作人员）Zoltan Pozsar在他的事后分析中所写的那样，“<b>重新定价的建议零售价融资将很快成为银行系统的一个问题：</b><b><u>银行体系正在从资产约束（存款大量涌入，但除了美联储之外无处可贷）转变为负债约束（存款不断流失，除了货币市场之外无处可替代）</u></b><b>).\"</b></blockquote></p><p> What he means by that is that whereas previously the RRP rate of 0.00% did not<i>reward</i>allocation of inert, excess reserves but merely provided a place to park them, now that the Fed is providing a generous yield pick up compared to rates offered by trillions in Bills, we are about to see a sea-change in the overnight, money-market, as trillions in capital reallocate away from traditional investments and into the the Fed's RRP.</p><p><blockquote>他的意思是，以前0.00%的RRP利率没有<i>奖励</i>分配惰性的超额准备金，但只是提供了一个存放它们的地方，现在美联储提供的收益率与数万亿票据提供的利率相比大幅上升，我们即将看到隔夜货币市场发生翻天覆地的变化，数万亿资本从传统投资重新分配到美联储的建议零售价。</blockquote></p><p> In other words, as Pozsar puts it, \"the RRP facility started to sterilize reserves... with more to come.\" And just as Deutsche Bank explained why the Fed's signaling was an r* policy error, to Pozsar, the Fed<i><b>also</b></i>made a policy error - only this time with its technical rates - by steriling reserves because \"it’s one thing to raise the rate on the RRP facility when an increase was not strictly speaking necessary, and it’s another to raise it “unduly” high – as one money fund manager put it, “<b>yesterday we could not even get a basis points a year; to get endless paper at five basis points from the most trusted counterparty is a dream come true.\"</b></p><p><blockquote>换句话说，正如Pozsar所说，“RRP设施开始对储备进行消毒……还会有更多储备。”而就在德意志银行向Pozsar解释为什么美联储的信号是一个r*政策错误时，美联储<i><b>也</b></i>犯了一个政策错误——只是这次是技术利率——冲销准备金，因为“当严格来说没有必要提高RRP设施的利率时，提高RRP设施的利率是一回事，而将其提高到‘过高’是另一回事——正如一位货币基金经理所说，”<b>昨天，我们一年甚至拿不到一个基点；以五个基点从最值得信赖的交易对手那里获得无尽的票据是梦想成真。”</b></blockquote></p><p> He's right: while 0bps may have been viewed by many as too low, it was hardly catastrophic for now (Credit Suisse was one of those predicting no administered rate hike),<b>5bps is too generous</b>, according to Pozsar who warns that the new reverse repo rate<b>will upset the state of \"singularity\"</b>and \"like heat-seeking missiles, money market investors move hundreds of billions, making sharp, 90º turns hunting for even a basis point of yield at the zero bound –<b>at 5 bps, money funds have an incentive to trade out of all their Treasury bills and park cash at the RRP facility.\"</b></p><p><blockquote>他是对的：虽然许多人可能认为0个基点太低，但目前这很难说是灾难性的（瑞士信贷是预测不会有管理加息的机构之一），<b>5bps太慷慨了</b>Pozsar警告说，新的逆回购利率<b>将颠覆“奇点”状态</b>“就像热寻的导弹一样，货币市场投资者转移了数千亿美元，急转弯90度，在零边界寻找哪怕一个基点的收益率——<b>在5个基点的利率下，货币基金有动力出售所有国库券并将现金存放在RRP设施中。”</b></blockquote></p><p></p><p> Indeed, as shown below, bills yield less than 5 bps out to 6 months,<b>and money funds have over $2 trillion of bills.</b>They got an the incentive to sell, while others have the incentive to buy: institutions whose deposits have been “tolerated” by banks until now earning zero interest have an incentive to harvest the 0-5 bps range the bill curve has to offer. Putting your cash at a basis point in bills is better than deposits at zero.<b>So the sterilization of reserves begins, and so the o/n RRP facility turns from a largely passive tool that provided an interest rate floor to the deposits that large banks have been pushing away, into an active tool that \"sucks\" the deposits away that banks decided to retain.</b></p><p><blockquote>事实上，如下图所示，6个月的票据收益率不到5个基点，<b>货币基金拥有超过2万亿美元的票据。</b>他们有卖出的动机，而其他人有买入的动机：那些存款一直被银行“容忍”到目前为止赚取零利息的机构有动力获得票据曲线提供的0-5个基点的范围。将现金以一个基点存入票据比零存款要好。<b>因此，准备金冲销开始了，因此o/n RRP工具从一个为大型银行一直在推走的存款提供利率下限的基本上被动的工具，变成了一个“吸走”银行决定保留的存款的主动工具。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/bf593f7b1d2d665f39384ed6a998d3bf\" tg-width=\"500\" tg-height=\"403\">To help readers visualize what is going on, the Credit Suisse strategist suggest the following \"extreme\" thought experiment: most of the “Covid-19” deposits currently with banks go into the bill market where rates are better. Money funds sell bills to institutional investors that currently keep their cash at banks, and money funds swap bills for o/n RRPs. Said (somewhat) simply, while previously the Fed provided banks with a convenient place to park reserves, it now will actively drain reserves to the point where we may end up with another 2019-style repo crisis, as most financial institutions suddenly find themsleves with<i><b>too few</b></i>intraday reserves, forcing them to use the Fed's other funding facilities (such as FX swap lines) to remain consistently solvent.</p><p><blockquote>为了帮助读者直观地了解正在发生的事情，瑞士信贷策略师建议进行以下“极端”的思想实验：目前银行的大部分“Covid-19”存款都进入了利率更好的票据市场。货币基金向目前将现金存放在银行的机构投资者出售票据，货币基金将票据交换为o/N RRP。（有点）简单地说，虽然美联储以前为银行提供了一个方便的存放准备金的地方，但现在它将积极耗尽准备金，以至于我们可能最终会陷入另一场2019年式的回购危机，因为大多数金融机构突然发现自己与<i><b>太少</b></i>日内储备，迫使它们使用美联储的其他融资工具（如外汇掉期额度）来保持持续的偿付能力。</blockquote></p><p> This process is not overnight. It will take a few weeks to observe the fallout from the Fed's reserve sterilization.</p><p><blockquote>这个过程不是一蹴而就的。需要几周时间才能观察到美联储准备金冲销的影响。</blockquote></p><p> And here is why the problem is similar to the repo crisis of 2019: soon we will find that while cash-rich banks can handle the outflows,<b>some bond-heavy banks cannot.</b>As a result, Zoltan predicts that next \"we will notice that some banks (those who can<i><b>not</b></i>handle outflows) are borrowing advances from FHLBs, and cash-rich banks stop lending in the FX swap market as the RRP facility pulled reserves away from them and the Fed has to re-start the FX swap lines to offset.\"</p><p><blockquote>这就是为什么这个问题与2019年的回购危机类似：很快我们就会发现，虽然现金充裕的银行可以应对资金外流，<b>一些债券密集型银行则不能。</b>因此，Zoltan预测，接下来“我们将注意到一些银行（那些能够<i><b>不</b></i>处理资金外流）正在从FHLB借入预付款，现金充裕的银行停止在外汇掉期市场放贷，因为RRP工具从它们那里抽走了准备金，美联储不得不重新启动外汇掉期额度来抵消。”</blockquote></p><p> Bottom line:<i><b>whereas previously we saw Libor-OIS collapse, this key funding spread will have to widen from here, unless the Fed lowers the o/n RRP rate again back to where it was before.</b></i></p><p><blockquote>底线：<i><b>尽管之前我们看到Libor-OIS崩溃，但这一关键资金利差将不得不从这里扩大，除非美联储再次将o/n RRP利率降低到以前的水平。</b></i></blockquote></p><p> Or, as Zoltan summarizes, \"It’s either quantities or prices\" - indeed,<b>in 2019 the Fed chose prices over quantities, which backfired, and led to the repo crisis which ended the Fed's hiking cycle and started \"NOT QE.\"</b>While the Fed redeemed itself in February, when it expanded the usage of the RRP without making it liability-constrained as it chose quantities over prices - which worked well - last Wednesday,<b>the Fed turned “unlimited” quantities into “money for free” and started to sterilize reserves.</b></p><p><blockquote>或者，正如Zoltan总结的那样，“要么是数量，要么是价格”——事实上，<b>2019年，美联储选择了价格而不是数量，这适得其反，并导致了回购危机，结束了美联储的加息周期，并开始了“非量化宽松”。</b>虽然美联储在2月份进行了自我救赎，但上周三，它在没有使其负债受到限制的情况下扩大了建议零售价的使用范围，因为它选择了数量而不是价格——这一点效果很好——<b>美联储将“无限”的数量变成了“免费的钱”，并开始冲销储备。</b></blockquote></p><p> Bottom line: \"we are witnessing the dealer of last resort (DoLR) learning the art of dealing, making unforced errors – if the Fed sterilizes with an overpriced o/n RRP facility, it has to be ready to add liquidity via the swap lines…\"</p><p><blockquote>底线：“我们正在目睹最后手段交易商（DoLR）学习交易艺术，犯非受迫性错误——如果美联储通过定价过高的o/n RRP工具进行冲销，它必须准备好通过掉期增加流动性线……”</blockquote></p><p> Translation:&nbsp;<b>by paying trillions in reserves 5bps, the Fed just planted the seeds of the next liquidity crisis.</b></p><p><blockquote>翻译：<b>通过支付数万亿美元的准备金5个基点，美联储刚刚播下了下一场流动性危机的种子。</b></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/powell-just-launched-2-trillion-heat-seeking-missiles-zoltan-explains-how-fed-started-next\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.zerohedge.com/markets/powell-just-launched-2-trillion-heat-seeking-missiles-zoltan-explains-how-fed-started-next","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146982088","content_text":"Last week, amid thefire and brimstone surroundingthe market's shocked response to the Fed's unexpected hawkish pivot, we noted that there were two tangible, if less noted changes: the Fed adjusted the two key \"administered\" rates, raising both the IOER and RRP rates by 5 basis points (as correctly predicted by Bank of America, JPMorgan, Wrightson, Deutsche Bank and Wells Fargo while Citi, Oxford Economics, Jefferies, Credit Suisse, Standard Chartered, BMO were wrong in predicting no rate change), in an effort to push the Effective Fed Funds rate higher and away from its imminent rendezvous with 0%.\nWhat does this mean? As Curvature Securities repo guru,Scott Skyrm wrote last week, \"clearly the Fed intends to move overnight rates above zero and drain the RRP  facility of cash.\" Unfortunately, the end result would be precisely the opposite of what the Fed had wanted to achieve.\nBut what does this really mean for overnight rates and RRP volume? As Skyrm further noted, the increase in the IOER should pull the daily fed funds rate 5 basis points higher and, in turn, put upward pressure on Repo GC. Combined with the 5 basis point increase in RRP, GC should move a solid 5 basis points higher, which it has.\nThe problem, as Skyrm warned, is that the Fed's technical adjustment would do nothing to ease the RRP volume:\n\n When market Repo rates were at 0% and the RRP rate was at zero, ~$500 billion went into the RRP. Well, if both market Repo rates and the RRP rate are 5 basis points higher, there's no reason to pull cash out of the RRP. For example, if GC rates moved to .05% and the RRP rate stayed at zero, investor preferences to invest at a higher rate would remove cash from the RRP.\n\nBottom line: with both market rates and RRP at .05%, there's really no economic incentive for cash investors to move cash to the Repo market. Or, as we summarized, \"the Fed's rate change may have zero impact on the Fed's reverse repo facility, or the record half a trillion in cash parked there.\"\nIn retrospect, boy was that an understatement, because just one day later the already record usage of the Fed's Reverse Repo facility spiked by a record 50%, exploding to a staggering $756 billion (it closed Friday at $747 billion) as the GSEs.\nNeedless to say, flooding the Fed's RRP facility and sterilizing reserves is hardly what the Fed had intended, and as Credit Suisse's own repo guru (and former NY Fed staffer) Zoltan Pozsar wrote in his post-mortem, \"the re-priced RRP facility will become a problem for the banking system fast:the banking system is going from being asset constrained (deposits flooding in, but nowhere to lend them but to the Fed), to being liability constrained (deposits slipping away and nowhere to replace them but in the money market).\"\nWhat he means by that is that whereas previously the RRP rate of 0.00% did notrewardallocation of inert, excess reserves but merely provided a place to park them, now that the Fed is providing a generous yield pick up compared to rates offered by trillions in Bills, we are about to see a sea-change in the overnight, money-market, as trillions in capital reallocate away from traditional investments and into the the Fed's RRP.\nIn other words, as Pozsar puts it, \"the RRP facility started to sterilize reserves... with more to come.\" And just as Deutsche Bank explained why the Fed's signaling was an r* policy error, to Pozsar, the Fedalsomade a policy error - only this time with its technical rates - by steriling reserves because \"it’s one thing to raise the rate on the RRP facility when an increase was not strictly speaking necessary, and it’s another to raise it “unduly” high – as one money fund manager put it, “yesterday we could not even get a basis points a year; to get endless paper at five basis points from the most trusted counterparty is a dream come true.\"\nHe's right: while 0bps may have been viewed by many as too low, it was hardly catastrophic for now (Credit Suisse was one of those predicting no administered rate hike),5bps is too generous, according to Pozsar who warns that the new reverse repo ratewill upset the state of \"singularity\"and \"like heat-seeking missiles, money market investors move hundreds of billions, making sharp, 90º turns hunting for even a basis point of yield at the zero bound –at 5 bps, money funds have an incentive to trade out of all their Treasury bills and park cash at the RRP facility.\"\nIndeed, as shown below, bills yield less than 5 bps out to 6 months,and money funds have over $2 trillion of bills.They got an the incentive to sell, while others have the incentive to buy: institutions whose deposits have been “tolerated” by banks until now earning zero interest have an incentive to harvest the 0-5 bps range the bill curve has to offer. Putting your cash at a basis point in bills is better than deposits at zero.So the sterilization of reserves begins, and so the o/n RRP facility turns from a largely passive tool that provided an interest rate floor to the deposits that large banks have been pushing away, into an active tool that \"sucks\" the deposits away that banks decided to retain.\nTo help readers visualize what is going on, the Credit Suisse strategist suggest the following \"extreme\" thought experiment: most of the “Covid-19” deposits currently with banks go into the bill market where rates are better. Money funds sell bills to institutional investors that currently keep their cash at banks, and money funds swap bills for o/n RRPs. Said (somewhat) simply, while previously the Fed provided banks with a convenient place to park reserves, it now will actively drain reserves to the point where we may end up with another 2019-style repo crisis, as most financial institutions suddenly find themsleves withtoo fewintraday reserves, forcing them to use the Fed's other funding facilities (such as FX swap lines) to remain consistently solvent.\nThis process is not overnight. It will take a few weeks to observe the fallout from the Fed's reserve sterilization.\nAnd here is why the problem is similar to the repo crisis of 2019: soon we will find that while cash-rich banks can handle the outflows,some bond-heavy banks cannot.As a result, Zoltan predicts that next \"we will notice that some banks (those who cannothandle outflows) are borrowing advances from FHLBs, and cash-rich banks stop lending in the FX swap market as the RRP facility pulled reserves away from them and the Fed has to re-start the FX swap lines to offset.\"\nBottom line:whereas previously we saw Libor-OIS collapse, this key funding spread will have to widen from here, unless the Fed lowers the o/n RRP rate again back to where it was before.\nOr, as Zoltan summarizes, \"It’s either quantities or prices\" - indeed,in 2019 the Fed chose prices over quantities, which backfired, and led to the repo crisis which ended the Fed's hiking cycle and started \"NOT QE.\"While the Fed redeemed itself in February, when it expanded the usage of the RRP without making it liability-constrained as it chose quantities over prices - which worked well - last Wednesday,the Fed turned “unlimited” quantities into “money for free” and started to sterilize reserves.\nBottom line: \"we are witnessing the dealer of last resort (DoLR) learning the art of dealing, making unforced errors – if the Fed sterilizes with an overpriced o/n RRP facility, it has to be ready to add liquidity via the swap lines…\"\nTranslation: by paying trillions in reserves 5bps, the Fed just planted the seeds of the next liquidity crisis.","news_type":1,"symbols_score_info":{".DJI":0.9,"SPY":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":597,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120989593,"gmtCreate":1624291867712,"gmtModify":1631891814177,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"themes":[],"htmlText":"🤣","listText":"🤣","text":"🤣","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120989593","repostId":"1136791321","repostType":4,"repost":{"id":"1136791321","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":1624282996,"share":"https://www.laohu8.com/m/news/1136791321?lang=zh_CN&edition=full","pubTime":"2021-06-21 21:43","market":"us","language":"en","title":"EV stocks fell in morning trading<blockquote>电动汽车股早盘下跌</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1136791321","media":"Tiger Newspress","summary":"(June 21) EV stocks fell in morning trading.","content":"<p>(June 21)&nbsp;EV stocks fell in morning trading.</p><p><blockquote>（6月21日）电动汽车股早盘下跌。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e7e7cf675e122ca02f2d220cde025a88\" tg-width=\"310\" tg-height=\"239\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>EV stocks fell in morning trading<blockquote>电动汽车股早盘下跌</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; 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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\">\nEV stocks fell in morning trading<blockquote>电动汽车股早盘下跌</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-06-21 21:43</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(June 21)&nbsp;EV stocks fell in morning trading.</p><p><blockquote>（6月21日）电动汽车股早盘下跌。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e7e7cf675e122ca02f2d220cde025a88\" tg-width=\"310\" tg-height=\"239\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","LI":"理想汽车","TSLA":"特斯拉","XPEV":"小鹏汽车"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1136791321","content_text":"(June 21) EV stocks fell in morning trading.","news_type":1,"symbols_score_info":{"LI":0.9,"XPEV":0.9,"TSLA":0.9,"NIO":0.9}},"isVote":1,"tweetType":1,"viewCount":305,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167382284,"gmtCreate":1624247300648,"gmtModify":1631891814179,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"themes":[],"htmlText":"Come back&nbsp;","listText":"Come back&nbsp;","text":"Come back","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167382284","repostId":"1121306615","repostType":4,"isVote":1,"tweetType":1,"viewCount":572,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":167388651,"gmtCreate":1624247224973,"gmtModify":1631891814183,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/167388651","repostId":"1110026756","repostType":4,"isVote":1,"tweetType":1,"viewCount":342,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164229916,"gmtCreate":1624209766435,"gmtModify":1631891814185,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"themes":[],"htmlText":"Huat...","listText":"Huat...","text":"Huat...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/164229916","repostId":"1199331995","repostType":4,"isVote":1,"tweetType":1,"viewCount":779,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162856463,"gmtCreate":1624058408252,"gmtModify":1631891814189,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/162856463","repostId":"1119256489","repostType":4,"repost":{"id":"1119256489","kind":"news","pubTimestamp":1624027322,"share":"https://www.laohu8.com/m/news/1119256489?lang=zh_CN&edition=full","pubTime":"2021-06-18 22:42","market":"us","language":"en","title":"Sykes Enterprises Soars on Deal to Be Bought by Sitel Group<blockquote>Sykes Enterprises因被Sitel Group收购而股价飙升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1119256489","media":"thestreet","summary":"Sykes Enterprises (SYKE) shares soared Friday after the company announced that fellow customer exper","content":"<p>Sykes Enterprises&nbsp;(<b>SYKE</b>)&nbsp;shares soared Friday after the company announced that fellow customer experience company&nbsp;Sitel Group is acquiring it and taking it private in a $2.2-billion cash deal.</p><p><blockquote>赛克斯企业（<b>SYKE</b>）周五，在该公司宣布客户体验公司Sitel Group将以22亿美元的现金交易收购该公司并将其私有化后，该公司股价飙升。</blockquote></p><p> Sykes recently traded at $53.48, up 29.90%, on Friday morning.</p><p><blockquote>周五上午，赛克斯最近的交易价格为53.48美元，上涨29.90%。</blockquote></p><p> Following the proposed transaction, the combined company will employ 155,00 workers in 39 countries, serving more than 600 clients. The companies expect combined revenue of more than $4 billion this year.</p><p><blockquote>拟议交易完成后，合并后的公司将在39个国家雇用155，000名员工，为600多家客户提供服务。两家公司预计今年的总收入将超过40亿美元。</blockquote></p><p> “By joining forces with such a healthy, profitable and financially solid U.S. brand that also has a stellar reputation, we will further enhance our global reach,\" said Laurent Uberti, chief executive of Sitel Group, in a statement.</p><p><blockquote>Sitel集团首席执行官Laurent Uberti在一份声明中表示：“通过与这样一个健康、盈利、财务稳健、声誉良好的美国品牌联手，我们将进一步增强我们的全球影响力。”</blockquote></p><p> The transaction is expected to be completed in the second half of 2021. Upon the closing of the deal, Sykes will cease trading on Nasdaq.</p><p><blockquote>该交易预计将于2021年下半年完成。交易完成后，Sykes将停止在纳斯达克的交易。</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>Sykes Enterprises Soars on Deal to Be Bought by Sitel Group<blockquote>Sykes Enterprises因被Sitel Group收购而股价飙升</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSykes Enterprises Soars on Deal to Be Bought by Sitel Group<blockquote>Sykes Enterprises因被Sitel Group收购而股价飙升</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">thestreet</strong><span class=\"h-time small\">2021-06-18 22:42</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Sykes Enterprises&nbsp;(<b>SYKE</b>)&nbsp;shares soared Friday after the company announced that fellow customer experience company&nbsp;Sitel Group is acquiring it and taking it private in a $2.2-billion cash deal.</p><p><blockquote>赛克斯企业（<b>SYKE</b>）周五，在该公司宣布客户体验公司Sitel Group将以22亿美元的现金交易收购该公司并将其私有化后，该公司股价飙升。</blockquote></p><p> Sykes recently traded at $53.48, up 29.90%, on Friday morning.</p><p><blockquote>周五上午，赛克斯最近的交易价格为53.48美元，上涨29.90%。</blockquote></p><p> Following the proposed transaction, the combined company will employ 155,00 workers in 39 countries, serving more than 600 clients. The companies expect combined revenue of more than $4 billion this year.</p><p><blockquote>拟议交易完成后，合并后的公司将在39个国家雇用155，000名员工，为600多家客户提供服务。两家公司预计今年的总收入将超过40亿美元。</blockquote></p><p> “By joining forces with such a healthy, profitable and financially solid U.S. brand that also has a stellar reputation, we will further enhance our global reach,\" said Laurent Uberti, chief executive of Sitel Group, in a statement.</p><p><blockquote>Sitel集团首席执行官Laurent Uberti在一份声明中表示：“通过与这样一个健康、盈利、财务稳健、声誉良好的美国品牌联手，我们将进一步增强我们的全球影响力。”</blockquote></p><p> The transaction is expected to be completed in the second half of 2021. Upon the closing of the deal, Sykes will cease trading on Nasdaq.</p><p><blockquote>该交易预计将于2021年下半年完成。交易完成后，Sykes将停止在纳斯达克的交易。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/sykes-enterprises-sitel-group-buyout-2-billion-dollars\">thestreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SYKE":"赛科斯企业"},"source_url":"https://www.thestreet.com/investing/sykes-enterprises-sitel-group-buyout-2-billion-dollars","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119256489","content_text":"Sykes Enterprises (SYKE) shares soared Friday after the company announced that fellow customer experience company Sitel Group is acquiring it and taking it private in a $2.2-billion cash deal.\nSykes recently traded at $53.48, up 29.90%, on Friday morning.\nFollowing the proposed transaction, the combined company will employ 155,00 workers in 39 countries, serving more than 600 clients. The companies expect combined revenue of more than $4 billion this year.\n“By joining forces with such a healthy, profitable and financially solid U.S. brand that also has a stellar reputation, we will further enhance our global reach,\" said Laurent Uberti, chief executive of Sitel Group, in a statement.\nThe transaction is expected to be completed in the second half of 2021. Upon the closing of the deal, Sykes will cease trading on Nasdaq.","news_type":1,"symbols_score_info":{"SYKE":0.9}},"isVote":1,"tweetType":1,"viewCount":353,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162856967,"gmtCreate":1624058379659,"gmtModify":1631891814192,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"themes":[],"htmlText":"Yes","listText":"Yes","text":"Yes","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/162856967","repostId":"1141597711","repostType":4,"isVote":1,"tweetType":1,"viewCount":307,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162859524,"gmtCreate":1624058209568,"gmtModify":1631891814195,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"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/162859524","repostId":"2144774740","repostType":4,"repost":{"id":"2144774740","kind":"highlight","weMediaInfo":{"introduction":"The leading daily newsletter for the latest financial and business news. 33Yrs Helping Stock Investors with Investing Insights, Tools, News & More.","home_visible":0,"media_name":"Investors","id":"1085713068","head_image":"https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c"},"pubTimestamp":1624030096,"share":"https://www.laohu8.com/m/news/2144774740?lang=zh_CN&edition=full","pubTime":"2021-06-18 23:28","market":"us","language":"en","title":"Adobe Getting Lift From Economic Reopening Post-Pandemic<blockquote>Adobe从大流行后经济重新开放中获得提振</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2144774740","media":"Investors","summary":"Software giant Adobe is benefiting as the economy reopens following the Covid-19 pandemic, a senior executive says.","content":"<p>Software giant <b><a href=\"https://laohu8.com/S/ADBE\">Adobe</a></b> is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.</p><p><blockquote>软件巨头<b><a href=\"https://laohu8.com/S/ADBE\">土坯</a></b>一位高管表示，随着Covid-19大流行消退，经济重新开放，该公司正在受益。该公司的季度报告证明了这一点。ADBE股价周五上涨。</blockquote></p><p> The maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.</p><p><blockquote>这家数字媒体和营销软件制造商周四晚些时候公布的第二财季收益轻松超出预期。Adobe还指导了本季度的上述观点。</blockquote></p><p> The San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.</p><p><blockquote>这家总部位于加利福尼亚州圣何塞的公司在截至6月4日的季度销售额为38.4亿美元，调整后每股收益为3.03美元。与去年同期相比，Adobe盈利增长24%，销售额增长23%。</blockquote></p><p> For the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.</p><p><blockquote>Adobe预计本季度调整后每股收益为3美元，增长17%，销售额为38.8亿美元，增长20%。</blockquote></p><p> <h2>ADBE Stock Rises After Earnings Report</h2> In morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.</p><p><blockquote><h2>ADBE股价在收益报告后上涨</h2>今天股市早盘交易中，ADBE股价上涨2.2%，接近563.35点。盘中早些时候，ADBE股价创下570点的历史新高。</blockquote></p><p> \"All three of our businesses — Creative Cloud, Document Cloud and <a href=\"https://laohu8.com/S/EXP.AU\">Experience</a> Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"</p><p><blockquote>“我们的三项业务——创意云、文档云和<a href=\"https://laohu8.com/S/EXP.AU\">经验</a>云——本季度刚刚以出色的表现击败了它，”首席财务官约翰·墨菲(John Murphy)告诉《投资者商业日报》。“以个性化方式进行内容创作和客户体验参与正在我们所有业务中引起共鸣。它确实推动了业务的发展势头和加速。”</blockquote></p><p> That momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.</p><p><blockquote>墨菲表示，这种势头将在该公司季节性疲软的第三财季持续下去。本季度包括夏季的六月、七月和八月。</blockquote></p><p> \"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"</p><p><blockquote>墨菲表示：“宏观经济稳定给了很多企业再次投资的信心。”“企业正在优先考虑数字化转型。”</blockquote></p><p> The reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.</p><p><blockquote>他表示，疫情过后经济的重新开放和重返办公室应该会为Adobe的业务提供推动力。</blockquote></p><p> <h2>Analysts Raise Price Targets On Adobe Stock</h2> At least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.</p><p><blockquote><h2>分析师提高Adobe股票的目标价</h2>财报发布后，至少15名华尔街分析师上调了ADBE股票的目标价。</blockquote></p><p> Mizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.</p><p><blockquote>瑞穗证券分析师Gregg Moskowitz重申了对ADBE股票的买入评级，并将目标价从600点上调至640点。</blockquote></p><p> \"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"</p><p><blockquote>莫斯科维茨在给客户的一份报告中表示：“Adobe广泛的软件解决方案组合使其成为内容创建、消费和协作的黄金标准。”“Adobe凭借其全面的端到端产品使其与竞争对手区分开来，处于有利地位，可以从数字化转型中受益。”</blockquote></p><p> On June 11, ADBE stock broke out of a 40-week&nbsp;consolidation period&nbsp;at a&nbsp;buy point&nbsp;of 536.98, according to&nbsp;IBD MarketSmith charts.</p><p><blockquote>根据IBD MarketSmith图表，6月11日，ADBE股票突破了40周的盘整期，买入点为536.98。</blockquote></p><p> However, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.</p><p><blockquote>然而，IBD排行榜分析为投资者提供了较大盘整格局中杯基的早期买入点525.54。</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>Adobe Getting Lift From Economic Reopening Post-Pandemic<blockquote>Adobe从大流行后经济重新开放中获得提振</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; 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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\">\nAdobe Getting Lift From Economic Reopening Post-Pandemic<blockquote>Adobe从大流行后经济重新开放中获得提振</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/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Investors </p>\n<p class=\"h-time smaller\">2021-06-18 23:28</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Software giant <b><a href=\"https://laohu8.com/S/ADBE\">Adobe</a></b> is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.</p><p><blockquote>软件巨头<b><a href=\"https://laohu8.com/S/ADBE\">土坯</a></b>一位高管表示，随着Covid-19大流行消退，经济重新开放，该公司正在受益。该公司的季度报告证明了这一点。ADBE股价周五上涨。</blockquote></p><p> The maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.</p><p><blockquote>这家数字媒体和营销软件制造商周四晚些时候公布的第二财季收益轻松超出预期。Adobe还指导了本季度的上述观点。</blockquote></p><p> The San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.</p><p><blockquote>这家总部位于加利福尼亚州圣何塞的公司在截至6月4日的季度销售额为38.4亿美元，调整后每股收益为3.03美元。与去年同期相比，Adobe盈利增长24%，销售额增长23%。</blockquote></p><p> For the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.</p><p><blockquote>Adobe预计本季度调整后每股收益为3美元，增长17%，销售额为38.8亿美元，增长20%。</blockquote></p><p> <h2>ADBE Stock Rises After Earnings Report</h2> In morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.</p><p><blockquote><h2>ADBE股价在收益报告后上涨</h2>今天股市早盘交易中，ADBE股价上涨2.2%，接近563.35点。盘中早些时候，ADBE股价创下570点的历史新高。</blockquote></p><p> \"All three of our businesses — Creative Cloud, Document Cloud and <a href=\"https://laohu8.com/S/EXP.AU\">Experience</a> Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"</p><p><blockquote>“我们的三项业务——创意云、文档云和<a href=\"https://laohu8.com/S/EXP.AU\">经验</a>云——本季度刚刚以出色的表现击败了它，”首席财务官约翰·墨菲(John Murphy)告诉《投资者商业日报》。“以个性化方式进行内容创作和客户体验参与正在我们所有业务中引起共鸣。它确实推动了业务的发展势头和加速。”</blockquote></p><p> That momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.</p><p><blockquote>墨菲表示，这种势头将在该公司季节性疲软的第三财季持续下去。本季度包括夏季的六月、七月和八月。</blockquote></p><p> \"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"</p><p><blockquote>墨菲表示：“宏观经济稳定给了很多企业再次投资的信心。”“企业正在优先考虑数字化转型。”</blockquote></p><p> The reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.</p><p><blockquote>他表示，疫情过后经济的重新开放和重返办公室应该会为Adobe的业务提供推动力。</blockquote></p><p> <h2>Analysts Raise Price Targets On Adobe Stock</h2> At least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.</p><p><blockquote><h2>分析师提高Adobe股票的目标价</h2>财报发布后，至少15名华尔街分析师上调了ADBE股票的目标价。</blockquote></p><p> Mizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.</p><p><blockquote>瑞穗证券分析师Gregg Moskowitz重申了对ADBE股票的买入评级，并将目标价从600点上调至640点。</blockquote></p><p> \"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"</p><p><blockquote>莫斯科维茨在给客户的一份报告中表示：“Adobe广泛的软件解决方案组合使其成为内容创建、消费和协作的黄金标准。”“Adobe凭借其全面的端到端产品使其与竞争对手区分开来，处于有利地位，可以从数字化转型中受益。”</blockquote></p><p> On June 11, ADBE stock broke out of a 40-week&nbsp;consolidation period&nbsp;at a&nbsp;buy point&nbsp;of 536.98, according to&nbsp;IBD MarketSmith charts.</p><p><blockquote>根据IBD MarketSmith图表，6月11日，ADBE股票突破了40周的盘整期，买入点为536.98。</blockquote></p><p> However, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.</p><p><blockquote>然而，IBD排行榜分析为投资者提供了较大盘整格局中杯基的早期买入点525.54。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ADBE":"Adobe"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144774740","content_text":"Software giant Adobe is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.\nThe maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.\nThe San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.\nFor the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.\nADBE Stock Rises After Earnings Report\nIn morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.\n\"All three of our businesses — Creative Cloud, Document Cloud and Experience Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"\nThat momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.\n\"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"\nThe reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.\nAnalysts Raise Price Targets On Adobe Stock\nAt least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.\nMizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.\n\"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"\nOn June 11, ADBE stock broke out of a 40-week consolidation period at a buy point of 536.98, according to IBD MarketSmith charts.\nHowever, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.","news_type":1,"symbols_score_info":{"ADBE":0.9}},"isVote":1,"tweetType":1,"viewCount":424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":159867976,"gmtCreate":1624956629595,"gmtModify":1631883925540,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>target 5...good luck","listText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>target 5...good luck","text":"$Luokung Technology Corp(LKCO)$target 5...good luck","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":9,"commentSize":6,"repostSize":0,"link":"https://laohu8.com/post/159867976","isVote":1,"tweetType":1,"viewCount":3789,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":198473387,"gmtCreate":1620985937549,"gmtModify":1631884121230,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>upside soon....Good luck.","listText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>upside soon....Good luck.","text":"$Luokung Technology Corp(LKCO)$upside soon....Good luck.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":11,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/198473387","isVote":1,"tweetType":1,"viewCount":309,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":805759562,"gmtCreate":1627908940156,"gmtModify":1631890422624,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"themes":[],"htmlText":"Good&nbsp;","listText":"Good&nbsp;","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/805759562","repostId":"1166947562","repostType":4,"repost":{"id":"1166947562","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":1627907229,"share":"https://www.laohu8.com/m/news/1166947562?lang=zh_CN&edition=full","pubTime":"2021-08-02 20:27","market":"us","language":"en","title":"Is Now The Time To Buy Stock In Uber, Lyft, DoorDash Or Match Group?<blockquote>现在是购买Uber、Lyft、DoorDash或Match Group股票的时候吗？</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1166947562","media":"Benzinga","summary":"One of the most common questions traders have about stocks is “Why Is It Moving?”\nThat’s why Benzing","content":"<p>One of the most common questions traders have about stocks is “Why Is It Moving?”</p><p><blockquote>交易者对股票最常见的问题之一是“它为什么会变动？”</blockquote></p><p> That’s why Benzinga created the Why Is It Moving, or WIIM, feature in&nbsp;Benzinga Pro. WIIMs are a <a href=\"https://laohu8.com/S/AONE.U\">one</a>-sentence description as to why a stock is moving.</p><p><blockquote>这就是Benzinga在Benzinga Pro中创建“为什么它在移动”(WIIM)功能的原因。WIIMs是一个<a href=\"https://laohu8.com/S/AONE.U\">一</a>-句子描述股票为什么会变动。</blockquote></p><p> Analysts and brokerage firms often use ratings when they issue stock recommendations to stock traders.</p><p><blockquote>分析师和经纪公司在向股票交易者发布股票推荐时经常使用评级。</blockquote></p><p> Analysts arrive at stock ratings by researching public financial statements, communicating with executives and customers&nbsp;and following industry trends.</p><p><blockquote>分析师通过研究公开财务报表、与高管和客户沟通以及跟踪行业趋势来得出股票评级。</blockquote></p><p> Gordon Haskett analyst Robert Mollins initiated&nbsp;coverage on<b><a href=\"https://laohu8.com/S/UBER\">Uber</a> Technologies Inc</b>(NYSE:UBER)&nbsp;with a Buy rating and announced&nbsp;a price target of&nbsp;$65.</p><p><blockquote>Gordon Haskett分析师Robert Mollins首次报道<b><a href=\"https://laohu8.com/S/UBER\">优步</a>技术公司</b>（纽约证券交易所股票代码：UBER）给予买入评级，并宣布目标价为65美元。</blockquote></p><p> <a href=\"https://laohu8.com/S/UBER\">Uber</a> is trading higher by 1.2% at $44.</p><p><blockquote><a href=\"https://laohu8.com/S/UBER\">优步</a>交易价格上涨1.2%，至44美元。</blockquote></p><p> Gordon Haskett analyst Robert Mollins initiated&nbsp;coverage on<b>LYFT Inc</b>(NASDAQ:LYFT)&nbsp;with a Hold rating and announced&nbsp;a price target of&nbsp;$59.</p><p><blockquote>Gordon Haskett分析师Robert Mollins首次报道<b>LYFT公司</b>（纳斯达克：LYFT）给予持有评级，并宣布目标价59美元。</blockquote></p><p> Credit Suisse analyst Stephen Ju maintained&nbsp;Lyft with an Outperform and raised&nbsp;the price target from&nbsp;$76&nbsp;to&nbsp;$79.</p><p><blockquote>瑞信分析师Stephen Ju维持Lyft跑赢大盘评级，并将目标价从76美元上调至79美元。</blockquote></p><p> Lyft is trading higher by 1.6% at $56.21.</p><p><blockquote>Lyft股价上涨1.6%，至56.21美元。</blockquote></p><p> Gordon Haskett analyst Robert Mollins initiated&nbsp;coverage on<b>DoorDash Inc</b>(NYSE:DASH)&nbsp;with a Buy rating and announced&nbsp;a price target of&nbsp;$206.</p><p><blockquote>Gordon Haskett分析师Robert Mollins首次报道<b>门达什公司</b>(NYSE：DASH)给予买入评级，并宣布目标价为206美元。</blockquote></p><p> DoorDash is trading higher by 0.4% at $175.</p><p><blockquote>DoorDash的交易价格上涨0.4%，至175美元。</blockquote></p><p> Keybanc analyst Justin <a href=\"https://laohu8.com/S/PDCO\">Patterson</a> maintained&nbsp;<b><a href=\"https://laohu8.com/S/MTCH\">Match</a> Group Inc</b>(NASDAQ:MTCH)&nbsp;with an Overweight and raised&nbsp;the price target from&nbsp;$172&nbsp;to&nbsp;$176.</p><p><blockquote>Keybanc分析师贾斯汀<a href=\"https://laohu8.com/S/PDCO\">帕特森</a>维持<b><a href=\"https://laohu8.com/S/MTCH\">比赛</a>集团公司</b>（纳斯达克：MTCH）给予跑赢大盘，并将目标价从172美元上调至176美元。</blockquote></p><p> <a href=\"https://laohu8.com/S/MTCH\">Match</a> Group is trading higher by 0.5% at $160.12.</p><p><blockquote><a href=\"https://laohu8.com/S/MTCH\">比赛</a>Group股价上涨0.5%，至160.12美元。</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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WIIMs are a <a href=\"https://laohu8.com/S/AONE.U\">one</a>-sentence description as to why a stock is moving.</p><p><blockquote>这就是Benzinga在Benzinga Pro中创建“为什么它在移动”(WIIM)功能的原因。WIIMs是一个<a href=\"https://laohu8.com/S/AONE.U\">一</a>-句子描述股票为什么会变动。</blockquote></p><p> Analysts and brokerage firms often use ratings when they issue stock recommendations to stock traders.</p><p><blockquote>分析师和经纪公司在向股票交易者发布股票推荐时经常使用评级。</blockquote></p><p> Analysts arrive at stock ratings by researching public financial statements, communicating with executives and customers&nbsp;and following industry trends.</p><p><blockquote>分析师通过研究公开财务报表、与高管和客户沟通以及跟踪行业趋势来得出股票评级。</blockquote></p><p> Gordon Haskett analyst Robert Mollins initiated&nbsp;coverage on<b><a href=\"https://laohu8.com/S/UBER\">Uber</a> Technologies Inc</b>(NYSE:UBER)&nbsp;with a Buy rating and announced&nbsp;a price target of&nbsp;$65.</p><p><blockquote>Gordon Haskett分析师Robert Mollins首次报道<b><a href=\"https://laohu8.com/S/UBER\">优步</a>技术公司</b>（纽约证券交易所股票代码：UBER）给予买入评级，并宣布目标价为65美元。</blockquote></p><p> <a href=\"https://laohu8.com/S/UBER\">Uber</a> is trading higher by 1.2% at $44.</p><p><blockquote><a href=\"https://laohu8.com/S/UBER\">优步</a>交易价格上涨1.2%，至44美元。</blockquote></p><p> Gordon Haskett analyst Robert Mollins initiated&nbsp;coverage on<b>LYFT Inc</b>(NASDAQ:LYFT)&nbsp;with a Hold rating and announced&nbsp;a price target of&nbsp;$59.</p><p><blockquote>Gordon Haskett分析师Robert Mollins首次报道<b>LYFT公司</b>（纳斯达克：LYFT）给予持有评级，并宣布目标价59美元。</blockquote></p><p> Credit Suisse analyst Stephen Ju maintained&nbsp;Lyft with an Outperform and raised&nbsp;the price target from&nbsp;$76&nbsp;to&nbsp;$79.</p><p><blockquote>瑞信分析师Stephen Ju维持Lyft跑赢大盘评级，并将目标价从76美元上调至79美元。</blockquote></p><p> Lyft is trading higher by 1.6% at $56.21.</p><p><blockquote>Lyft股价上涨1.6%，至56.21美元。</blockquote></p><p> Gordon Haskett analyst Robert Mollins initiated&nbsp;coverage on<b>DoorDash Inc</b>(NYSE:DASH)&nbsp;with a Buy rating and announced&nbsp;a price target of&nbsp;$206.</p><p><blockquote>Gordon Haskett分析师Robert Mollins首次报道<b>门达什公司</b>(NYSE：DASH)给予买入评级，并宣布目标价为206美元。</blockquote></p><p> DoorDash is trading higher by 0.4% at $175.</p><p><blockquote>DoorDash的交易价格上涨0.4%，至175美元。</blockquote></p><p> Keybanc analyst Justin <a href=\"https://laohu8.com/S/PDCO\">Patterson</a> maintained&nbsp;<b><a href=\"https://laohu8.com/S/MTCH\">Match</a> Group Inc</b>(NASDAQ:MTCH)&nbsp;with an Overweight and raised&nbsp;the price target from&nbsp;$172&nbsp;to&nbsp;$176.</p><p><blockquote>Keybanc分析师贾斯汀<a href=\"https://laohu8.com/S/PDCO\">帕特森</a>维持<b><a href=\"https://laohu8.com/S/MTCH\">比赛</a>集团公司</b>（纳斯达克：MTCH）给予跑赢大盘，并将目标价从172美元上调至176美元。</blockquote></p><p> <a href=\"https://laohu8.com/S/MTCH\">Match</a> Group is trading higher by 0.5% at $160.12.</p><p><blockquote><a href=\"https://laohu8.com/S/MTCH\">比赛</a>Group股价上涨0.5%，至160.12美元。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LYFT":"Lyft, Inc.","TIME":"Clockwise Core Equity & Innovation ETF","UBER":"优步","MTCH":"Match Group, Inc.","DASH":"DoorDash, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1166947562","content_text":"One of the most common questions traders have about stocks is “Why Is It Moving?”\nThat’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why a stock is moving.\nAnalysts and brokerage firms often use ratings when they issue stock recommendations to stock traders.\nAnalysts arrive at stock ratings by researching public financial statements, communicating with executives and customers and following industry trends.\nGordon Haskett analyst Robert Mollins initiated coverage onUber Technologies Inc(NYSE:UBER) with a Buy rating and announced a price target of $65.\nUber is trading higher by 1.2% at $44.\nGordon Haskett analyst Robert Mollins initiated coverage onLYFT Inc(NASDAQ:LYFT) with a Hold rating and announced a price target of $59.\nCredit Suisse analyst Stephen Ju maintained Lyft with an Outperform and raised the price target from $76 to $79.\nLyft is trading higher by 1.6% at $56.21.\nGordon Haskett analyst Robert Mollins initiated coverage onDoorDash Inc(NYSE:DASH) with a Buy rating and announced a price target of $206.\nDoorDash is trading higher by 0.4% at $175.\nKeybanc analyst Justin Patterson maintained Match Group Inc(NASDAQ:MTCH) with an Overweight and raised the price target from $172 to $176.\nMatch Group is trading higher by 0.5% at $160.12.","news_type":1,"symbols_score_info":{"LYFT":0.9,"UBER":0.9,"TIME":0.9,"TWX":0.9,"DASH":0.9,"MTCH":0.9}},"isVote":1,"tweetType":1,"viewCount":3017,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":169931776,"gmtCreate":1623811671795,"gmtModify":1631884120808,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>coming soon... Up!Up!Up...","listText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>coming soon... Up!Up!Up...","text":"$Luokung Technology Corp(LKCO)$coming soon... Up!Up!Up...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/169931776","isVote":1,"tweetType":1,"viewCount":824,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":147572334,"gmtCreate":1626368834228,"gmtModify":1631883925331,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>fund continue accumulations&nbsp;[贱笑]&nbsp;[贱笑]&nbsp;","listText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>fund continue accumulations&nbsp;[贱笑]&nbsp;[贱笑]&nbsp;","text":"$Luokung Technology Corp(LKCO)$fund continue accumulations [贱笑] [贱笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/147572334","isVote":1,"tweetType":1,"viewCount":2714,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3559117231741218","authorId":"3559117231741218","name":"思维决定未来7","avatar":"https://static.tigerbbs.com/38e3c126e0967695053b12c7f0099193","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3559117231741218","idStr":"3559117231741218"},"content":"公司是个好公司发展理念不一样","text":"公司是个好公司发展理念不一样","html":"公司是个好公司发展理念不一样"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":803779384,"gmtCreate":1627468353648,"gmtModify":1631890422651,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"themes":[],"htmlText":"😄","listText":"😄","text":"😄","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/803779384","repostId":"1154854343","repostType":4,"repost":{"id":"1154854343","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":1627481786,"share":"https://www.laohu8.com/m/news/1154854343?lang=zh_CN&edition=full","pubTime":"2021-07-28 22:16","market":"us","language":"en","title":"Hot Chinese concept stocks continue to rebound<blockquote>热点中概股持续反弹</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1154854343","media":"Tiger Newspress","summary":"Hot Chinese concept stocks continue to rebound in Wednesday morning trading.Alibaba,JD.com, Pinduodu","content":"<p>Hot Chinese concept stocks continue to rebound&nbsp;in Wednesday morning trading.Alibaba,JD.com,&nbsp;Pinduoduo,Baidu,DiDi&nbsp;Global,Nio,Xpeng Motors and Li Auto&nbsp;climbed between 3% and 13%.</p><p><blockquote>周三早盘热门中概股继续反弹，阿里巴巴、京东、拼多多、百度、滴滴全球、蔚来、小鹏汽车和理想汽车涨幅在3%至13%之间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8198eadc3c17e2d3fa3226a5348e1bef\" tg-width=\"359\" tg-height=\"603\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hot Chinese concept stocks continue to rebound<blockquote>热点中概股持续反弹</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; 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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\">\nHot Chinese concept stocks continue to rebound<blockquote>热点中概股持续反弹</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\">2021-07-28 22:16</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>Hot Chinese concept stocks continue to rebound&nbsp;in Wednesday morning trading.Alibaba,JD.com,&nbsp;Pinduoduo,Baidu,DiDi&nbsp;Global,Nio,Xpeng Motors and Li Auto&nbsp;climbed between 3% and 13%.</p><p><blockquote>周三早盘热门中概股继续反弹，阿里巴巴、京东、拼多多、百度、滴滴全球、蔚来、小鹏汽车和理想汽车涨幅在3%至13%之间。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/8198eadc3c17e2d3fa3226a5348e1bef\" tg-width=\"359\" tg-height=\"603\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BIDU":"百度","NTES":"网易","NIO":"蔚来","BABA":"阿里巴巴","JD":"京东","DIDI":"滴滴(已退市)","XPEV":"小鹏汽车","LI":"理想汽车","PDD":"拼多多"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1154854343","content_text":"Hot Chinese concept stocks continue to rebound in Wednesday morning trading.Alibaba,JD.com, Pinduoduo,Baidu,DiDi Global,Nio,Xpeng Motors and Li Auto climbed between 3% and 13%.","news_type":1,"symbols_score_info":{"NIO":0.9,"PDD":0.9,"LI":0.9,"BABA":0.9,"DIDI":0.9,"NTES":0.9,"JD":0.9,"XPEV":0.9,"BIDU":0.9}},"isVote":1,"tweetType":1,"viewCount":2652,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":155475699,"gmtCreate":1625451259811,"gmtModify":1631890422682,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/155475699","repostId":"1138258779","repostType":4,"isVote":1,"tweetType":1,"viewCount":2441,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126455584,"gmtCreate":1624582633448,"gmtModify":1631890422718,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":6,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/126455584","repostId":"2146023477","repostType":4,"isVote":1,"tweetType":1,"viewCount":519,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120119063,"gmtCreate":1624313980652,"gmtModify":1631890422728,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"themes":[],"htmlText":"Smile&nbsp; 😃","listText":"Smile&nbsp; 😃","text":"Smile 😃","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/120119063","repostId":"2145084835","repostType":4,"isVote":1,"tweetType":1,"viewCount":533,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":120137424,"gmtCreate":1624313844968,"gmtModify":1631891814173,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"themes":[],"htmlText":"Fund will laugh till the end","listText":"Fund will laugh till the end","text":"Fund will laugh till the end","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/120137424","repostId":"1146982088","repostType":4,"repost":{"id":"1146982088","kind":"news","pubTimestamp":1624259620,"share":"https://www.laohu8.com/m/news/1146982088?lang=zh_CN&edition=full","pubTime":"2021-06-21 15:13","market":"us","language":"en","title":"Powell Just Launched $2 Trillion In \"Heat-Seeking Missiles\": Zoltan Explains How The Fed Started The Next Repo Crisis<blockquote>鲍威尔刚刚发射了2万亿美元的“热寻导弹”：Zoltan解释美联储如何开启下一次回购危机</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1146982088","media":"zerohedge","summary":"Last week, amid thefire and brimstone surroundingthe market's shocked response to the Fed's unexpect","content":"<p>Last week, amid thefire and brimstone surroundingthe market's shocked response to the Fed's unexpected hawkish pivot, we noted that there were two tangible, if less noted changes: the Fed adjusted the two key \"administered\" rates, raising both the IOER and RRP rates by 5 basis points (as correctly predicted by Bank of America, JPMorgan, Wrightson, Deutsche Bank and Wells Fargo while Citi, Oxford Economics, Jefferies, Credit Suisse, Standard Chartered, BMO were wrong in predicting no rate change), in an effort to push the Effective Fed Funds rate higher and away from its imminent rendezvous with 0%.</p><p><blockquote>上周，在市场对美联储意外鹰派转向的震惊反应中，我们注意到有两个切实但不太引人注目的变化：美联储调整了两个关键的“管理”利率，将IOER和RRP利率都提高了5个基点（正如美国银行、摩根大通、莱特森、德意志银行和富国银行正确预测的那样，而花旗、牛津经济研究院、杰富瑞、瑞士信贷、渣打银行、蒙特利尔银行错误地预测利率不会变化），以推动有效联邦基金利率走高，远离即将到来的0%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/31e3c93e7ae558cd9f2fdb7e4a2769f1\" tg-width=\"500\" tg-height=\"377\">What does this mean? As Curvature Securities repo guru,Scott Skyrm wrote last week, \"clearly the Fed intends to move overnight rates above zero and drain the RRP&nbsp; facility of cash.\" Unfortunately, the end result would be precisely the opposite of what the Fed had wanted to achieve.</p><p><blockquote>这是什么意思？正如Curvature Securities回购专家Scott Skyrm上周写道，“显然，美联储打算将隔夜利率提高到零以上，并耗尽RRP工具的现金。”不幸的是，最终结果将与美联储想要达到的目标完全相反。</blockquote></p><p> But what does this really mean for overnight rates and RRP volume? As Skyrm further noted, the increase in the IOER should pull the daily fed funds rate 5 basis points higher and, in turn, put upward pressure on Repo GC. Combined with the 5 basis point increase in RRP, GC should move a solid 5 basis points higher, which it has.</p><p><blockquote>但这对于隔夜利率和建议零售价交易量到底意味着什么？正如Skyrm进一步指出的那样，IOER的上升应该会将每日联邦基金利率拉高5个基点，进而给回购GC带来上行压力。结合RRP增加5个基点，GC应该会大幅上涨5个基点，事实也确实如此。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e8b99df7af1731b4bdcbcf072dcf39ce\" tg-width=\"500\" tg-height=\"272\">The problem, as Skyrm warned, is that the Fed's technical adjustment would do nothing to ease the RRP volume:</p><p><blockquote>正如Skyrm警告的那样，问题在于美联储的技术调整无助于缓解建议零售额：</blockquote></p><p>   When market Repo rates were at 0% and the RRP rate was at zero, ~$500 billion went into the RRP. Well, if both market Repo rates and the RRP rate are 5 basis points higher, there's no reason to pull cash out of the RRP. For example, if GC rates moved to .05% and the RRP rate stayed at zero, investor preferences to invest at a higher rate would remove cash from the RRP.  Bottom line: with both market rates and RRP at .05%, there's really no economic incentive for cash investors to move cash to the Repo market. Or, as we summarized, \"<i>the Fed's rate change may have zero impact on the Fed's reverse repo facility, or the record half a trillion in cash parked there.\"</i></p><p><blockquote>当市场回购利率为0%且RRP利率为零时，约5000亿美元进入RRP。好吧，如果市场回购利率和RRP利率都高出5个基点，就没有理由从RRP中提取现金。例如，如果GC利率升至0.05%，而RRP利率保持在零，投资者以更高利率投资的偏好将从RRP中移除现金。底线：由于市场利率和建议零售价均为0.05%，现金投资者确实没有经济动机将现金转移到回购市场。或者，正如我们总结的那样，“<i>美联储的利率变化可能对美联储的逆回购工具或创纪录的5000亿现金产生零影响。”</i></blockquote></p><p> In retrospect, boy was that an understatement, because just one day later the already record usage of the Fed's Reverse Repo facility spiked by a record 50%, exploding to a staggering $756 billion (it closed Friday at $747 billion) as the GSEs.</p><p><blockquote>回想起来，这是一种轻描淡写的说法，因为仅仅一天后，美联储逆回购工具的使用量就飙升了创纪录的50%，随着GSE的出现，飙升至惊人的7560亿美元（周五收盘价为7470亿美元）。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0fba18d7808300abc3bdf4ffaa3d5fb6\" tg-width=\"500\" tg-height=\"273\">Needless to say, flooding the Fed's RRP facility and sterilizing reserves is hardly what the Fed had intended, and as Credit Suisse's own repo guru (and former NY Fed staffer) Zoltan Pozsar wrote in his post-mortem, \"<b>the re-priced RRP facility will become a problem for the banking system fast:</b><b><u>the banking system is going from being asset constrained (deposits flooding in, but nowhere to lend them but to the Fed), to being liability constrained (deposits slipping away and nowhere to replace them but in the money market</u></b><b>).\"</b></p><p><blockquote>不用说，淹没美联储的建议零售价工具和冲销准备金几乎不是美联储的本意，正如瑞士信贷自己的回购专家（前纽约联储工作人员）Zoltan Pozsar在他的事后分析中所写的那样，“<b>重新定价的建议零售价融资将很快成为银行系统的一个问题：</b><b><u>银行体系正在从资产约束（存款大量涌入，但除了美联储之外无处可贷）转变为负债约束（存款不断流失，除了货币市场之外无处可替代）</u></b><b>).\"</b></blockquote></p><p> What he means by that is that whereas previously the RRP rate of 0.00% did not<i>reward</i>allocation of inert, excess reserves but merely provided a place to park them, now that the Fed is providing a generous yield pick up compared to rates offered by trillions in Bills, we are about to see a sea-change in the overnight, money-market, as trillions in capital reallocate away from traditional investments and into the the Fed's RRP.</p><p><blockquote>他的意思是，以前0.00%的RRP利率没有<i>奖励</i>分配惰性的超额准备金，但只是提供了一个存放它们的地方，现在美联储提供的收益率与数万亿票据提供的利率相比大幅上升，我们即将看到隔夜货币市场发生翻天覆地的变化，数万亿资本从传统投资重新分配到美联储的建议零售价。</blockquote></p><p> In other words, as Pozsar puts it, \"the RRP facility started to sterilize reserves... with more to come.\" And just as Deutsche Bank explained why the Fed's signaling was an r* policy error, to Pozsar, the Fed<i><b>also</b></i>made a policy error - only this time with its technical rates - by steriling reserves because \"it’s one thing to raise the rate on the RRP facility when an increase was not strictly speaking necessary, and it’s another to raise it “unduly” high – as one money fund manager put it, “<b>yesterday we could not even get a basis points a year; to get endless paper at five basis points from the most trusted counterparty is a dream come true.\"</b></p><p><blockquote>换句话说，正如Pozsar所说，“RRP设施开始对储备进行消毒……还会有更多储备。”而就在德意志银行向Pozsar解释为什么美联储的信号是一个r*政策错误时，美联储<i><b>也</b></i>犯了一个政策错误——只是这次是技术利率——冲销准备金，因为“当严格来说没有必要提高RRP设施的利率时，提高RRP设施的利率是一回事，而将其提高到‘过高’是另一回事——正如一位货币基金经理所说，”<b>昨天，我们一年甚至拿不到一个基点；以五个基点从最值得信赖的交易对手那里获得无尽的票据是梦想成真。”</b></blockquote></p><p> He's right: while 0bps may have been viewed by many as too low, it was hardly catastrophic for now (Credit Suisse was one of those predicting no administered rate hike),<b>5bps is too generous</b>, according to Pozsar who warns that the new reverse repo rate<b>will upset the state of \"singularity\"</b>and \"like heat-seeking missiles, money market investors move hundreds of billions, making sharp, 90º turns hunting for even a basis point of yield at the zero bound –<b>at 5 bps, money funds have an incentive to trade out of all their Treasury bills and park cash at the RRP facility.\"</b></p><p><blockquote>他是对的：虽然许多人可能认为0个基点太低，但目前这很难说是灾难性的（瑞士信贷是预测不会有管理加息的机构之一），<b>5bps太慷慨了</b>Pozsar警告说，新的逆回购利率<b>将颠覆“奇点”状态</b>“就像热寻的导弹一样，货币市场投资者转移了数千亿美元，急转弯90度，在零边界寻找哪怕一个基点的收益率——<b>在5个基点的利率下，货币基金有动力出售所有国库券并将现金存放在RRP设施中。”</b></blockquote></p><p></p><p> Indeed, as shown below, bills yield less than 5 bps out to 6 months,<b>and money funds have over $2 trillion of bills.</b>They got an the incentive to sell, while others have the incentive to buy: institutions whose deposits have been “tolerated” by banks until now earning zero interest have an incentive to harvest the 0-5 bps range the bill curve has to offer. Putting your cash at a basis point in bills is better than deposits at zero.<b>So the sterilization of reserves begins, and so the o/n RRP facility turns from a largely passive tool that provided an interest rate floor to the deposits that large banks have been pushing away, into an active tool that \"sucks\" the deposits away that banks decided to retain.</b></p><p><blockquote>事实上，如下图所示，6个月的票据收益率不到5个基点，<b>货币基金拥有超过2万亿美元的票据。</b>他们有卖出的动机，而其他人有买入的动机：那些存款一直被银行“容忍”到目前为止赚取零利息的机构有动力获得票据曲线提供的0-5个基点的范围。将现金以一个基点存入票据比零存款要好。<b>因此，准备金冲销开始了，因此o/n RRP工具从一个为大型银行一直在推走的存款提供利率下限的基本上被动的工具，变成了一个“吸走”银行决定保留的存款的主动工具。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/bf593f7b1d2d665f39384ed6a998d3bf\" tg-width=\"500\" tg-height=\"403\">To help readers visualize what is going on, the Credit Suisse strategist suggest the following \"extreme\" thought experiment: most of the “Covid-19” deposits currently with banks go into the bill market where rates are better. Money funds sell bills to institutional investors that currently keep their cash at banks, and money funds swap bills for o/n RRPs. Said (somewhat) simply, while previously the Fed provided banks with a convenient place to park reserves, it now will actively drain reserves to the point where we may end up with another 2019-style repo crisis, as most financial institutions suddenly find themsleves with<i><b>too few</b></i>intraday reserves, forcing them to use the Fed's other funding facilities (such as FX swap lines) to remain consistently solvent.</p><p><blockquote>为了帮助读者直观地了解正在发生的事情，瑞士信贷策略师建议进行以下“极端”的思想实验：目前银行的大部分“Covid-19”存款都进入了利率更好的票据市场。货币基金向目前将现金存放在银行的机构投资者出售票据，货币基金将票据交换为o/N RRP。（有点）简单地说，虽然美联储以前为银行提供了一个方便的存放准备金的地方，但现在它将积极耗尽准备金，以至于我们可能最终会陷入另一场2019年式的回购危机，因为大多数金融机构突然发现自己与<i><b>太少</b></i>日内储备，迫使它们使用美联储的其他融资工具（如外汇掉期额度）来保持持续的偿付能力。</blockquote></p><p> This process is not overnight. It will take a few weeks to observe the fallout from the Fed's reserve sterilization.</p><p><blockquote>这个过程不是一蹴而就的。需要几周时间才能观察到美联储准备金冲销的影响。</blockquote></p><p> And here is why the problem is similar to the repo crisis of 2019: soon we will find that while cash-rich banks can handle the outflows,<b>some bond-heavy banks cannot.</b>As a result, Zoltan predicts that next \"we will notice that some banks (those who can<i><b>not</b></i>handle outflows) are borrowing advances from FHLBs, and cash-rich banks stop lending in the FX swap market as the RRP facility pulled reserves away from them and the Fed has to re-start the FX swap lines to offset.\"</p><p><blockquote>这就是为什么这个问题与2019年的回购危机类似：很快我们就会发现，虽然现金充裕的银行可以应对资金外流，<b>一些债券密集型银行则不能。</b>因此，Zoltan预测，接下来“我们将注意到一些银行（那些能够<i><b>不</b></i>处理资金外流）正在从FHLB借入预付款，现金充裕的银行停止在外汇掉期市场放贷，因为RRP工具从它们那里抽走了准备金，美联储不得不重新启动外汇掉期额度来抵消。”</blockquote></p><p> Bottom line:<i><b>whereas previously we saw Libor-OIS collapse, this key funding spread will have to widen from here, unless the Fed lowers the o/n RRP rate again back to where it was before.</b></i></p><p><blockquote>底线：<i><b>尽管之前我们看到Libor-OIS崩溃，但这一关键资金利差将不得不从这里扩大，除非美联储再次将o/n RRP利率降低到以前的水平。</b></i></blockquote></p><p> Or, as Zoltan summarizes, \"It’s either quantities or prices\" - indeed,<b>in 2019 the Fed chose prices over quantities, which backfired, and led to the repo crisis which ended the Fed's hiking cycle and started \"NOT QE.\"</b>While the Fed redeemed itself in February, when it expanded the usage of the RRP without making it liability-constrained as it chose quantities over prices - which worked well - last Wednesday,<b>the Fed turned “unlimited” quantities into “money for free” and started to sterilize reserves.</b></p><p><blockquote>或者，正如Zoltan总结的那样，“要么是数量，要么是价格”——事实上，<b>2019年，美联储选择了价格而不是数量，这适得其反，并导致了回购危机，结束了美联储的加息周期，并开始了“非量化宽松”。</b>虽然美联储在2月份进行了自我救赎，但上周三，它在没有使其负债受到限制的情况下扩大了建议零售价的使用范围，因为它选择了数量而不是价格——这一点效果很好——<b>美联储将“无限”的数量变成了“免费的钱”，并开始冲销储备。</b></blockquote></p><p> Bottom line: \"we are witnessing the dealer of last resort (DoLR) learning the art of dealing, making unforced errors – if the Fed sterilizes with an overpriced o/n RRP facility, it has to be ready to add liquidity via the swap lines…\"</p><p><blockquote>底线：“我们正在目睹最后手段交易商（DoLR）学习交易艺术，犯非受迫性错误——如果美联储通过定价过高的o/n RRP工具进行冲销，它必须准备好通过掉期增加流动性线……”</blockquote></p><p> Translation:&nbsp;<b>by paying trillions in reserves 5bps, the Fed just planted the seeds of the next liquidity crisis.</b></p><p><blockquote>翻译：<b>通过支付数万亿美元的准备金5个基点，美联储刚刚播下了下一场流动性危机的种子。</b></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>Powell Just Launched $2 Trillion In \"Heat-Seeking Missiles\": Zoltan Explains How The Fed Started The Next Repo Crisis<blockquote>鲍威尔刚刚发射了2万亿美元的“热寻导弹”：Zoltan解释美联储如何开启下一次回购危机</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\">\nPowell Just Launched $2 Trillion In \"Heat-Seeking Missiles\": Zoltan Explains How The Fed Started The Next Repo Crisis<blockquote>鲍威尔刚刚发射了2万亿美元的“热寻导弹”：Zoltan解释美联储如何开启下一次回购危机</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-06-21 15:13</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Last week, amid thefire and brimstone surroundingthe market's shocked response to the Fed's unexpected hawkish pivot, we noted that there were two tangible, if less noted changes: the Fed adjusted the two key \"administered\" rates, raising both the IOER and RRP rates by 5 basis points (as correctly predicted by Bank of America, JPMorgan, Wrightson, Deutsche Bank and Wells Fargo while Citi, Oxford Economics, Jefferies, Credit Suisse, Standard Chartered, BMO were wrong in predicting no rate change), in an effort to push the Effective Fed Funds rate higher and away from its imminent rendezvous with 0%.</p><p><blockquote>上周，在市场对美联储意外鹰派转向的震惊反应中，我们注意到有两个切实但不太引人注目的变化：美联储调整了两个关键的“管理”利率，将IOER和RRP利率都提高了5个基点（正如美国银行、摩根大通、莱特森、德意志银行和富国银行正确预测的那样，而花旗、牛津经济研究院、杰富瑞、瑞士信贷、渣打银行、蒙特利尔银行错误地预测利率不会变化），以推动有效联邦基金利率走高，远离即将到来的0%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/31e3c93e7ae558cd9f2fdb7e4a2769f1\" tg-width=\"500\" tg-height=\"377\">What does this mean? As Curvature Securities repo guru,Scott Skyrm wrote last week, \"clearly the Fed intends to move overnight rates above zero and drain the RRP&nbsp; facility of cash.\" Unfortunately, the end result would be precisely the opposite of what the Fed had wanted to achieve.</p><p><blockquote>这是什么意思？正如Curvature Securities回购专家Scott Skyrm上周写道，“显然，美联储打算将隔夜利率提高到零以上，并耗尽RRP工具的现金。”不幸的是，最终结果将与美联储想要达到的目标完全相反。</blockquote></p><p> But what does this really mean for overnight rates and RRP volume? As Skyrm further noted, the increase in the IOER should pull the daily fed funds rate 5 basis points higher and, in turn, put upward pressure on Repo GC. Combined with the 5 basis point increase in RRP, GC should move a solid 5 basis points higher, which it has.</p><p><blockquote>但这对于隔夜利率和建议零售价交易量到底意味着什么？正如Skyrm进一步指出的那样，IOER的上升应该会将每日联邦基金利率拉高5个基点，进而给回购GC带来上行压力。结合RRP增加5个基点，GC应该会大幅上涨5个基点，事实也确实如此。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/e8b99df7af1731b4bdcbcf072dcf39ce\" tg-width=\"500\" tg-height=\"272\">The problem, as Skyrm warned, is that the Fed's technical adjustment would do nothing to ease the RRP volume:</p><p><blockquote>正如Skyrm警告的那样，问题在于美联储的技术调整无助于缓解建议零售额：</blockquote></p><p>   When market Repo rates were at 0% and the RRP rate was at zero, ~$500 billion went into the RRP. Well, if both market Repo rates and the RRP rate are 5 basis points higher, there's no reason to pull cash out of the RRP. For example, if GC rates moved to .05% and the RRP rate stayed at zero, investor preferences to invest at a higher rate would remove cash from the RRP.  Bottom line: with both market rates and RRP at .05%, there's really no economic incentive for cash investors to move cash to the Repo market. Or, as we summarized, \"<i>the Fed's rate change may have zero impact on the Fed's reverse repo facility, or the record half a trillion in cash parked there.\"</i></p><p><blockquote>当市场回购利率为0%且RRP利率为零时，约5000亿美元进入RRP。好吧，如果市场回购利率和RRP利率都高出5个基点，就没有理由从RRP中提取现金。例如，如果GC利率升至0.05%，而RRP利率保持在零，投资者以更高利率投资的偏好将从RRP中移除现金。底线：由于市场利率和建议零售价均为0.05%，现金投资者确实没有经济动机将现金转移到回购市场。或者，正如我们总结的那样，“<i>美联储的利率变化可能对美联储的逆回购工具或创纪录的5000亿现金产生零影响。”</i></blockquote></p><p> In retrospect, boy was that an understatement, because just one day later the already record usage of the Fed's Reverse Repo facility spiked by a record 50%, exploding to a staggering $756 billion (it closed Friday at $747 billion) as the GSEs.</p><p><blockquote>回想起来，这是一种轻描淡写的说法，因为仅仅一天后，美联储逆回购工具的使用量就飙升了创纪录的50%，随着GSE的出现，飙升至惊人的7560亿美元（周五收盘价为7470亿美元）。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/0fba18d7808300abc3bdf4ffaa3d5fb6\" tg-width=\"500\" tg-height=\"273\">Needless to say, flooding the Fed's RRP facility and sterilizing reserves is hardly what the Fed had intended, and as Credit Suisse's own repo guru (and former NY Fed staffer) Zoltan Pozsar wrote in his post-mortem, \"<b>the re-priced RRP facility will become a problem for the banking system fast:</b><b><u>the banking system is going from being asset constrained (deposits flooding in, but nowhere to lend them but to the Fed), to being liability constrained (deposits slipping away and nowhere to replace them but in the money market</u></b><b>).\"</b></p><p><blockquote>不用说，淹没美联储的建议零售价工具和冲销准备金几乎不是美联储的本意，正如瑞士信贷自己的回购专家（前纽约联储工作人员）Zoltan Pozsar在他的事后分析中所写的那样，“<b>重新定价的建议零售价融资将很快成为银行系统的一个问题：</b><b><u>银行体系正在从资产约束（存款大量涌入，但除了美联储之外无处可贷）转变为负债约束（存款不断流失，除了货币市场之外无处可替代）</u></b><b>).\"</b></blockquote></p><p> What he means by that is that whereas previously the RRP rate of 0.00% did not<i>reward</i>allocation of inert, excess reserves but merely provided a place to park them, now that the Fed is providing a generous yield pick up compared to rates offered by trillions in Bills, we are about to see a sea-change in the overnight, money-market, as trillions in capital reallocate away from traditional investments and into the the Fed's RRP.</p><p><blockquote>他的意思是，以前0.00%的RRP利率没有<i>奖励</i>分配惰性的超额准备金，但只是提供了一个存放它们的地方，现在美联储提供的收益率与数万亿票据提供的利率相比大幅上升，我们即将看到隔夜货币市场发生翻天覆地的变化，数万亿资本从传统投资重新分配到美联储的建议零售价。</blockquote></p><p> In other words, as Pozsar puts it, \"the RRP facility started to sterilize reserves... with more to come.\" And just as Deutsche Bank explained why the Fed's signaling was an r* policy error, to Pozsar, the Fed<i><b>also</b></i>made a policy error - only this time with its technical rates - by steriling reserves because \"it’s one thing to raise the rate on the RRP facility when an increase was not strictly speaking necessary, and it’s another to raise it “unduly” high – as one money fund manager put it, “<b>yesterday we could not even get a basis points a year; to get endless paper at five basis points from the most trusted counterparty is a dream come true.\"</b></p><p><blockquote>换句话说，正如Pozsar所说，“RRP设施开始对储备进行消毒……还会有更多储备。”而就在德意志银行向Pozsar解释为什么美联储的信号是一个r*政策错误时，美联储<i><b>也</b></i>犯了一个政策错误——只是这次是技术利率——冲销准备金，因为“当严格来说没有必要提高RRP设施的利率时，提高RRP设施的利率是一回事，而将其提高到‘过高’是另一回事——正如一位货币基金经理所说，”<b>昨天，我们一年甚至拿不到一个基点；以五个基点从最值得信赖的交易对手那里获得无尽的票据是梦想成真。”</b></blockquote></p><p> He's right: while 0bps may have been viewed by many as too low, it was hardly catastrophic for now (Credit Suisse was one of those predicting no administered rate hike),<b>5bps is too generous</b>, according to Pozsar who warns that the new reverse repo rate<b>will upset the state of \"singularity\"</b>and \"like heat-seeking missiles, money market investors move hundreds of billions, making sharp, 90º turns hunting for even a basis point of yield at the zero bound –<b>at 5 bps, money funds have an incentive to trade out of all their Treasury bills and park cash at the RRP facility.\"</b></p><p><blockquote>他是对的：虽然许多人可能认为0个基点太低，但目前这很难说是灾难性的（瑞士信贷是预测不会有管理加息的机构之一），<b>5bps太慷慨了</b>Pozsar警告说，新的逆回购利率<b>将颠覆“奇点”状态</b>“就像热寻的导弹一样，货币市场投资者转移了数千亿美元，急转弯90度，在零边界寻找哪怕一个基点的收益率——<b>在5个基点的利率下，货币基金有动力出售所有国库券并将现金存放在RRP设施中。”</b></blockquote></p><p></p><p> Indeed, as shown below, bills yield less than 5 bps out to 6 months,<b>and money funds have over $2 trillion of bills.</b>They got an the incentive to sell, while others have the incentive to buy: institutions whose deposits have been “tolerated” by banks until now earning zero interest have an incentive to harvest the 0-5 bps range the bill curve has to offer. Putting your cash at a basis point in bills is better than deposits at zero.<b>So the sterilization of reserves begins, and so the o/n RRP facility turns from a largely passive tool that provided an interest rate floor to the deposits that large banks have been pushing away, into an active tool that \"sucks\" the deposits away that banks decided to retain.</b></p><p><blockquote>事实上，如下图所示，6个月的票据收益率不到5个基点，<b>货币基金拥有超过2万亿美元的票据。</b>他们有卖出的动机，而其他人有买入的动机：那些存款一直被银行“容忍”到目前为止赚取零利息的机构有动力获得票据曲线提供的0-5个基点的范围。将现金以一个基点存入票据比零存款要好。<b>因此，准备金冲销开始了，因此o/n RRP工具从一个为大型银行一直在推走的存款提供利率下限的基本上被动的工具，变成了一个“吸走”银行决定保留的存款的主动工具。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/bf593f7b1d2d665f39384ed6a998d3bf\" tg-width=\"500\" tg-height=\"403\">To help readers visualize what is going on, the Credit Suisse strategist suggest the following \"extreme\" thought experiment: most of the “Covid-19” deposits currently with banks go into the bill market where rates are better. Money funds sell bills to institutional investors that currently keep their cash at banks, and money funds swap bills for o/n RRPs. Said (somewhat) simply, while previously the Fed provided banks with a convenient place to park reserves, it now will actively drain reserves to the point where we may end up with another 2019-style repo crisis, as most financial institutions suddenly find themsleves with<i><b>too few</b></i>intraday reserves, forcing them to use the Fed's other funding facilities (such as FX swap lines) to remain consistently solvent.</p><p><blockquote>为了帮助读者直观地了解正在发生的事情，瑞士信贷策略师建议进行以下“极端”的思想实验：目前银行的大部分“Covid-19”存款都进入了利率更好的票据市场。货币基金向目前将现金存放在银行的机构投资者出售票据，货币基金将票据交换为o/N RRP。（有点）简单地说，虽然美联储以前为银行提供了一个方便的存放准备金的地方，但现在它将积极耗尽准备金，以至于我们可能最终会陷入另一场2019年式的回购危机，因为大多数金融机构突然发现自己与<i><b>太少</b></i>日内储备，迫使它们使用美联储的其他融资工具（如外汇掉期额度）来保持持续的偿付能力。</blockquote></p><p> This process is not overnight. It will take a few weeks to observe the fallout from the Fed's reserve sterilization.</p><p><blockquote>这个过程不是一蹴而就的。需要几周时间才能观察到美联储准备金冲销的影响。</blockquote></p><p> And here is why the problem is similar to the repo crisis of 2019: soon we will find that while cash-rich banks can handle the outflows,<b>some bond-heavy banks cannot.</b>As a result, Zoltan predicts that next \"we will notice that some banks (those who can<i><b>not</b></i>handle outflows) are borrowing advances from FHLBs, and cash-rich banks stop lending in the FX swap market as the RRP facility pulled reserves away from them and the Fed has to re-start the FX swap lines to offset.\"</p><p><blockquote>这就是为什么这个问题与2019年的回购危机类似：很快我们就会发现，虽然现金充裕的银行可以应对资金外流，<b>一些债券密集型银行则不能。</b>因此，Zoltan预测，接下来“我们将注意到一些银行（那些能够<i><b>不</b></i>处理资金外流）正在从FHLB借入预付款，现金充裕的银行停止在外汇掉期市场放贷，因为RRP工具从它们那里抽走了准备金，美联储不得不重新启动外汇掉期额度来抵消。”</blockquote></p><p> Bottom line:<i><b>whereas previously we saw Libor-OIS collapse, this key funding spread will have to widen from here, unless the Fed lowers the o/n RRP rate again back to where it was before.</b></i></p><p><blockquote>底线：<i><b>尽管之前我们看到Libor-OIS崩溃，但这一关键资金利差将不得不从这里扩大，除非美联储再次将o/n RRP利率降低到以前的水平。</b></i></blockquote></p><p> Or, as Zoltan summarizes, \"It’s either quantities or prices\" - indeed,<b>in 2019 the Fed chose prices over quantities, which backfired, and led to the repo crisis which ended the Fed's hiking cycle and started \"NOT QE.\"</b>While the Fed redeemed itself in February, when it expanded the usage of the RRP without making it liability-constrained as it chose quantities over prices - which worked well - last Wednesday,<b>the Fed turned “unlimited” quantities into “money for free” and started to sterilize reserves.</b></p><p><blockquote>或者，正如Zoltan总结的那样，“要么是数量，要么是价格”——事实上，<b>2019年，美联储选择了价格而不是数量，这适得其反，并导致了回购危机，结束了美联储的加息周期，并开始了“非量化宽松”。</b>虽然美联储在2月份进行了自我救赎，但上周三，它在没有使其负债受到限制的情况下扩大了建议零售价的使用范围，因为它选择了数量而不是价格——这一点效果很好——<b>美联储将“无限”的数量变成了“免费的钱”，并开始冲销储备。</b></blockquote></p><p> Bottom line: \"we are witnessing the dealer of last resort (DoLR) learning the art of dealing, making unforced errors – if the Fed sterilizes with an overpriced o/n RRP facility, it has to be ready to add liquidity via the swap lines…\"</p><p><blockquote>底线：“我们正在目睹最后手段交易商（DoLR）学习交易艺术，犯非受迫性错误——如果美联储通过定价过高的o/n RRP工具进行冲销，它必须准备好通过掉期增加流动性线……”</blockquote></p><p> Translation:&nbsp;<b>by paying trillions in reserves 5bps, the Fed just planted the seeds of the next liquidity crisis.</b></p><p><blockquote>翻译：<b>通过支付数万亿美元的准备金5个基点，美联储刚刚播下了下一场流动性危机的种子。</b></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/powell-just-launched-2-trillion-heat-seeking-missiles-zoltan-explains-how-fed-started-next\">zerohedge</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SPY":"标普500ETF",".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.zerohedge.com/markets/powell-just-launched-2-trillion-heat-seeking-missiles-zoltan-explains-how-fed-started-next","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1146982088","content_text":"Last week, amid thefire and brimstone surroundingthe market's shocked response to the Fed's unexpected hawkish pivot, we noted that there were two tangible, if less noted changes: the Fed adjusted the two key \"administered\" rates, raising both the IOER and RRP rates by 5 basis points (as correctly predicted by Bank of America, JPMorgan, Wrightson, Deutsche Bank and Wells Fargo while Citi, Oxford Economics, Jefferies, Credit Suisse, Standard Chartered, BMO were wrong in predicting no rate change), in an effort to push the Effective Fed Funds rate higher and away from its imminent rendezvous with 0%.\nWhat does this mean? As Curvature Securities repo guru,Scott Skyrm wrote last week, \"clearly the Fed intends to move overnight rates above zero and drain the RRP  facility of cash.\" Unfortunately, the end result would be precisely the opposite of what the Fed had wanted to achieve.\nBut what does this really mean for overnight rates and RRP volume? As Skyrm further noted, the increase in the IOER should pull the daily fed funds rate 5 basis points higher and, in turn, put upward pressure on Repo GC. Combined with the 5 basis point increase in RRP, GC should move a solid 5 basis points higher, which it has.\nThe problem, as Skyrm warned, is that the Fed's technical adjustment would do nothing to ease the RRP volume:\n\n When market Repo rates were at 0% and the RRP rate was at zero, ~$500 billion went into the RRP. Well, if both market Repo rates and the RRP rate are 5 basis points higher, there's no reason to pull cash out of the RRP. For example, if GC rates moved to .05% and the RRP rate stayed at zero, investor preferences to invest at a higher rate would remove cash from the RRP.\n\nBottom line: with both market rates and RRP at .05%, there's really no economic incentive for cash investors to move cash to the Repo market. Or, as we summarized, \"the Fed's rate change may have zero impact on the Fed's reverse repo facility, or the record half a trillion in cash parked there.\"\nIn retrospect, boy was that an understatement, because just one day later the already record usage of the Fed's Reverse Repo facility spiked by a record 50%, exploding to a staggering $756 billion (it closed Friday at $747 billion) as the GSEs.\nNeedless to say, flooding the Fed's RRP facility and sterilizing reserves is hardly what the Fed had intended, and as Credit Suisse's own repo guru (and former NY Fed staffer) Zoltan Pozsar wrote in his post-mortem, \"the re-priced RRP facility will become a problem for the banking system fast:the banking system is going from being asset constrained (deposits flooding in, but nowhere to lend them but to the Fed), to being liability constrained (deposits slipping away and nowhere to replace them but in the money market).\"\nWhat he means by that is that whereas previously the RRP rate of 0.00% did notrewardallocation of inert, excess reserves but merely provided a place to park them, now that the Fed is providing a generous yield pick up compared to rates offered by trillions in Bills, we are about to see a sea-change in the overnight, money-market, as trillions in capital reallocate away from traditional investments and into the the Fed's RRP.\nIn other words, as Pozsar puts it, \"the RRP facility started to sterilize reserves... with more to come.\" And just as Deutsche Bank explained why the Fed's signaling was an r* policy error, to Pozsar, the Fedalsomade a policy error - only this time with its technical rates - by steriling reserves because \"it’s one thing to raise the rate on the RRP facility when an increase was not strictly speaking necessary, and it’s another to raise it “unduly” high – as one money fund manager put it, “yesterday we could not even get a basis points a year; to get endless paper at five basis points from the most trusted counterparty is a dream come true.\"\nHe's right: while 0bps may have been viewed by many as too low, it was hardly catastrophic for now (Credit Suisse was one of those predicting no administered rate hike),5bps is too generous, according to Pozsar who warns that the new reverse repo ratewill upset the state of \"singularity\"and \"like heat-seeking missiles, money market investors move hundreds of billions, making sharp, 90º turns hunting for even a basis point of yield at the zero bound –at 5 bps, money funds have an incentive to trade out of all their Treasury bills and park cash at the RRP facility.\"\nIndeed, as shown below, bills yield less than 5 bps out to 6 months,and money funds have over $2 trillion of bills.They got an the incentive to sell, while others have the incentive to buy: institutions whose deposits have been “tolerated” by banks until now earning zero interest have an incentive to harvest the 0-5 bps range the bill curve has to offer. Putting your cash at a basis point in bills is better than deposits at zero.So the sterilization of reserves begins, and so the o/n RRP facility turns from a largely passive tool that provided an interest rate floor to the deposits that large banks have been pushing away, into an active tool that \"sucks\" the deposits away that banks decided to retain.\nTo help readers visualize what is going on, the Credit Suisse strategist suggest the following \"extreme\" thought experiment: most of the “Covid-19” deposits currently with banks go into the bill market where rates are better. Money funds sell bills to institutional investors that currently keep their cash at banks, and money funds swap bills for o/n RRPs. Said (somewhat) simply, while previously the Fed provided banks with a convenient place to park reserves, it now will actively drain reserves to the point where we may end up with another 2019-style repo crisis, as most financial institutions suddenly find themsleves withtoo fewintraday reserves, forcing them to use the Fed's other funding facilities (such as FX swap lines) to remain consistently solvent.\nThis process is not overnight. It will take a few weeks to observe the fallout from the Fed's reserve sterilization.\nAnd here is why the problem is similar to the repo crisis of 2019: soon we will find that while cash-rich banks can handle the outflows,some bond-heavy banks cannot.As a result, Zoltan predicts that next \"we will notice that some banks (those who cannothandle outflows) are borrowing advances from FHLBs, and cash-rich banks stop lending in the FX swap market as the RRP facility pulled reserves away from them and the Fed has to re-start the FX swap lines to offset.\"\nBottom line:whereas previously we saw Libor-OIS collapse, this key funding spread will have to widen from here, unless the Fed lowers the o/n RRP rate again back to where it was before.\nOr, as Zoltan summarizes, \"It’s either quantities or prices\" - indeed,in 2019 the Fed chose prices over quantities, which backfired, and led to the repo crisis which ended the Fed's hiking cycle and started \"NOT QE.\"While the Fed redeemed itself in February, when it expanded the usage of the RRP without making it liability-constrained as it chose quantities over prices - which worked well - last Wednesday,the Fed turned “unlimited” quantities into “money for free” and started to sterilize reserves.\nBottom line: \"we are witnessing the dealer of last resort (DoLR) learning the art of dealing, making unforced errors – if the Fed sterilizes with an overpriced o/n RRP facility, it has to be ready to add liquidity via the swap lines…\"\nTranslation: by paying trillions in reserves 5bps, the Fed just planted the seeds of the next liquidity crisis.","news_type":1,"symbols_score_info":{".DJI":0.9,"SPY":0.9,".SPX":0.9,".IXIC":0.9}},"isVote":1,"tweetType":1,"viewCount":597,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":164229916,"gmtCreate":1624209766435,"gmtModify":1631891814185,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"themes":[],"htmlText":"Huat...","listText":"Huat...","text":"Huat...","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/164229916","repostId":"1199331995","repostType":4,"isVote":1,"tweetType":1,"viewCount":779,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":104528625,"gmtCreate":1620399032167,"gmtModify":1631884121293,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>Continue drop... than can buy...[龇牙]&nbsp;","listText":"<a href=\"https://laohu8.com/S/LKCO\">$Luokung Technology Corp(LKCO)$</a>Continue drop... than can buy...[龇牙]&nbsp;","text":"$Luokung Technology Corp(LKCO)$Continue drop... than can 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leading daily newsletter for the latest financial and business news. 33Yrs Helping Stock Investors with Investing Insights, Tools, News & More.","home_visible":0,"media_name":"Investors","id":"1085713068","head_image":"https://static.tigerbbs.com/608dd68a89ed486e18f64efe3136266c"},"pubTimestamp":1624030096,"share":"https://www.laohu8.com/m/news/2144774740?lang=zh_CN&edition=full","pubTime":"2021-06-18 23:28","market":"us","language":"en","title":"Adobe Getting Lift From Economic Reopening Post-Pandemic<blockquote>Adobe从大流行后经济重新开放中获得提振</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2144774740","media":"Investors","summary":"Software giant Adobe is benefiting as the economy reopens following the Covid-19 pandemic, a senior executive says.","content":"<p>Software giant <b><a href=\"https://laohu8.com/S/ADBE\">Adobe</a></b> is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.</p><p><blockquote>软件巨头<b><a href=\"https://laohu8.com/S/ADBE\">土坯</a></b>一位高管表示，随着Covid-19大流行消退，经济重新开放，该公司正在受益。该公司的季度报告证明了这一点。ADBE股价周五上涨。</blockquote></p><p> The maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.</p><p><blockquote>这家数字媒体和营销软件制造商周四晚些时候公布的第二财季收益轻松超出预期。Adobe还指导了本季度的上述观点。</blockquote></p><p> The San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.</p><p><blockquote>这家总部位于加利福尼亚州圣何塞的公司在截至6月4日的季度销售额为38.4亿美元，调整后每股收益为3.03美元。与去年同期相比，Adobe盈利增长24%，销售额增长23%。</blockquote></p><p> For the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.</p><p><blockquote>Adobe预计本季度调整后每股收益为3美元，增长17%，销售额为38.8亿美元，增长20%。</blockquote></p><p> <h2>ADBE Stock Rises After Earnings Report</h2> In morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.</p><p><blockquote><h2>ADBE股价在收益报告后上涨</h2>今天股市早盘交易中，ADBE股价上涨2.2%，接近563.35点。盘中早些时候，ADBE股价创下570点的历史新高。</blockquote></p><p> \"All three of our businesses — Creative Cloud, Document Cloud and <a href=\"https://laohu8.com/S/EXP.AU\">Experience</a> Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"</p><p><blockquote>“我们的三项业务——创意云、文档云和<a href=\"https://laohu8.com/S/EXP.AU\">经验</a>云——本季度刚刚以出色的表现击败了它，”首席财务官约翰·墨菲(John Murphy)告诉《投资者商业日报》。“以个性化方式进行内容创作和客户体验参与正在我们所有业务中引起共鸣。它确实推动了业务的发展势头和加速。”</blockquote></p><p> That momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.</p><p><blockquote>墨菲表示，这种势头将在该公司季节性疲软的第三财季持续下去。本季度包括夏季的六月、七月和八月。</blockquote></p><p> \"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"</p><p><blockquote>墨菲表示：“宏观经济稳定给了很多企业再次投资的信心。”“企业正在优先考虑数字化转型。”</blockquote></p><p> The reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.</p><p><blockquote>他表示，疫情过后经济的重新开放和重返办公室应该会为Adobe的业务提供推动力。</blockquote></p><p> <h2>Analysts Raise Price Targets On Adobe Stock</h2> At least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.</p><p><blockquote><h2>分析师提高Adobe股票的目标价</h2>财报发布后，至少15名华尔街分析师上调了ADBE股票的目标价。</blockquote></p><p> Mizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.</p><p><blockquote>瑞穗证券分析师Gregg Moskowitz重申了对ADBE股票的买入评级，并将目标价从600点上调至640点。</blockquote></p><p> \"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"</p><p><blockquote>莫斯科维茨在给客户的一份报告中表示：“Adobe广泛的软件解决方案组合使其成为内容创建、消费和协作的黄金标准。”“Adobe凭借其全面的端到端产品使其与竞争对手区分开来，处于有利地位，可以从数字化转型中受益。”</blockquote></p><p> On June 11, ADBE stock broke out of a 40-week&nbsp;consolidation period&nbsp;at a&nbsp;buy point&nbsp;of 536.98, according to&nbsp;IBD MarketSmith charts.</p><p><blockquote>根据IBD MarketSmith图表，6月11日，ADBE股票突破了40周的盘整期，买入点为536.98。</blockquote></p><p> However, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.</p><p><blockquote>然而，IBD排行榜分析为投资者提供了较大盘整格局中杯基的早期买入点525.54。</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>Adobe Getting Lift From Economic Reopening Post-Pandemic<blockquote>Adobe从大流行后经济重新开放中获得提振</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; 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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\">\nAdobe Getting Lift From Economic Reopening Post-Pandemic<blockquote>Adobe从大流行后经济重新开放中获得提振</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/608dd68a89ed486e18f64efe3136266c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Investors </p>\n<p class=\"h-time smaller\">2021-06-18 23:28</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Software giant <b><a href=\"https://laohu8.com/S/ADBE\">Adobe</a></b> is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.</p><p><blockquote>软件巨头<b><a href=\"https://laohu8.com/S/ADBE\">土坯</a></b>一位高管表示，随着Covid-19大流行消退，经济重新开放，该公司正在受益。该公司的季度报告证明了这一点。ADBE股价周五上涨。</blockquote></p><p> The maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.</p><p><blockquote>这家数字媒体和营销软件制造商周四晚些时候公布的第二财季收益轻松超出预期。Adobe还指导了本季度的上述观点。</blockquote></p><p> The San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.</p><p><blockquote>这家总部位于加利福尼亚州圣何塞的公司在截至6月4日的季度销售额为38.4亿美元，调整后每股收益为3.03美元。与去年同期相比，Adobe盈利增长24%，销售额增长23%。</blockquote></p><p> For the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.</p><p><blockquote>Adobe预计本季度调整后每股收益为3美元，增长17%，销售额为38.8亿美元，增长20%。</blockquote></p><p> <h2>ADBE Stock Rises After Earnings Report</h2> In morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.</p><p><blockquote><h2>ADBE股价在收益报告后上涨</h2>今天股市早盘交易中，ADBE股价上涨2.2%，接近563.35点。盘中早些时候，ADBE股价创下570点的历史新高。</blockquote></p><p> \"All three of our businesses — Creative Cloud, Document Cloud and <a href=\"https://laohu8.com/S/EXP.AU\">Experience</a> Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"</p><p><blockquote>“我们的三项业务——创意云、文档云和<a href=\"https://laohu8.com/S/EXP.AU\">经验</a>云——本季度刚刚以出色的表现击败了它，”首席财务官约翰·墨菲(John Murphy)告诉《投资者商业日报》。“以个性化方式进行内容创作和客户体验参与正在我们所有业务中引起共鸣。它确实推动了业务的发展势头和加速。”</blockquote></p><p> That momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.</p><p><blockquote>墨菲表示，这种势头将在该公司季节性疲软的第三财季持续下去。本季度包括夏季的六月、七月和八月。</blockquote></p><p> \"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"</p><p><blockquote>墨菲表示：“宏观经济稳定给了很多企业再次投资的信心。”“企业正在优先考虑数字化转型。”</blockquote></p><p> The reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.</p><p><blockquote>他表示，疫情过后经济的重新开放和重返办公室应该会为Adobe的业务提供推动力。</blockquote></p><p> <h2>Analysts Raise Price Targets On Adobe Stock</h2> At least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.</p><p><blockquote><h2>分析师提高Adobe股票的目标价</h2>财报发布后，至少15名华尔街分析师上调了ADBE股票的目标价。</blockquote></p><p> Mizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.</p><p><blockquote>瑞穗证券分析师Gregg Moskowitz重申了对ADBE股票的买入评级，并将目标价从600点上调至640点。</blockquote></p><p> \"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"</p><p><blockquote>莫斯科维茨在给客户的一份报告中表示：“Adobe广泛的软件解决方案组合使其成为内容创建、消费和协作的黄金标准。”“Adobe凭借其全面的端到端产品使其与竞争对手区分开来，处于有利地位，可以从数字化转型中受益。”</blockquote></p><p> On June 11, ADBE stock broke out of a 40-week&nbsp;consolidation period&nbsp;at a&nbsp;buy point&nbsp;of 536.98, according to&nbsp;IBD MarketSmith charts.</p><p><blockquote>根据IBD MarketSmith图表，6月11日，ADBE股票突破了40周的盘整期，买入点为536.98。</blockquote></p><p> However, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.</p><p><blockquote>然而，IBD排行榜分析为投资者提供了较大盘整格局中杯基的早期买入点525.54。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ADBE":"Adobe"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144774740","content_text":"Software giant Adobe is benefiting as the economy reopens as the Covid-19 pandemic wanes, a senior executive says. The company's beat-and-raise quarterly report provided proof of that. ADBE stock jumped on Friday.\nThe maker of digital media and marketing software late Thursday reported fiscal second-quarter earnings that easily topped expectations. Adobe also guided above views for the current quarter.\nThe San Jose, Calif.-based company earned an adjusted $3.03 a share on sales of $3.84 billion in the quarter ended June 4. On a year-over-year basis, Adobe earnings rose 24% while sales climbed 23%.\nFor the current quarter, Adobe expects to earn an adjusted $3 a share, up 17%, on sales of $3.88 billion, up 20%.\nADBE Stock Rises After Earnings Report\nIn morning trading on the stock market today, ADBE stock advanced 2.2%, near 563.35. Earlier in the session, ADBE stock notched a record high 570.\n\"All three of our businesses — Creative Cloud, Document Cloud and Experience Cloud — just killed it this quarter with excellent performance,\" Chief Financial Officer John Murphy told Investor's Business Daily. \"Content creation and customer experience engagement in personalized ways are resonating across all of our businesses. And it's really driving the momentum and acceleration in the business.\"\nThat momentum will continue in the company's seasonally weaker fiscal third quarter, Murphy said. The current quarter includes the summer months of June, July and August.\n\"The macroeconomic stability is giving a lot of enterprises confidence to invest again,\" Murphy said. \"Companies are prioritizing digital transformation.\"\nThe reopening of the economy and return to offices after the pandemic should provide a tailwind for Adobe's business, he said.\nAnalysts Raise Price Targets On Adobe Stock\nAt least 15 Wall Street analysts raised their price targets on ADBE stock after the earnings report.\nMizuho Securities analyst Gregg Moskowitz reiterated his buy rating on ADBE stock and upped his price target to 640 from 600.\n\"Adobe's expansive portfolio of software solutions has made it the gold standard in content creation, consumption, and collaboration,\" Moskowitz said in a note to clients. \"Adobe is very well positioned to benefit from digital transformation with its comprehensive end-to-end offering that differentiates it from competitors.\"\nOn June 11, ADBE stock broke out of a 40-week consolidation period at a buy point of 536.98, according to IBD MarketSmith charts.\nHowever, IBD Leaderboard analysis offered investors an earlier buy point of 525.54 from a cup base within the larger consolidation pattern.","news_type":1,"symbols_score_info":{"ADBE":0.9}},"isVote":1,"tweetType":1,"viewCount":424,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161243807,"gmtCreate":1623931370109,"gmtModify":1631886077897,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/EH\">$EHang Holdings Ltd(EH)$</a>Further","listText":"<a href=\"https://laohu8.com/S/EH\">$EHang Holdings Ltd(EH)$</a>Further","text":"$EHang Holdings Ltd(EH)$Further","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161243807","isVote":1,"tweetType":1,"viewCount":298,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":126449031,"gmtCreate":1624582756323,"gmtModify":1631890422706,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"themes":[],"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/126449031","repostId":"1193737129","repostType":4,"isVote":1,"tweetType":1,"viewCount":3009,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":162856463,"gmtCreate":1624058408252,"gmtModify":1631891814189,"author":{"id":"3578223122998001","authorId":"3578223122998001","name":"KLKK","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3578223122998001","idStr":"3578223122998001"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/162856463","repostId":"1119256489","repostType":4,"repost":{"id":"1119256489","kind":"news","pubTimestamp":1624027322,"share":"https://www.laohu8.com/m/news/1119256489?lang=zh_CN&edition=full","pubTime":"2021-06-18 22:42","market":"us","language":"en","title":"Sykes Enterprises Soars on Deal to Be Bought by Sitel Group<blockquote>Sykes Enterprises因被Sitel Group收购而股价飙升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1119256489","media":"thestreet","summary":"Sykes Enterprises (SYKE) shares soared Friday after the company announced that fellow customer exper","content":"<p>Sykes Enterprises&nbsp;(<b>SYKE</b>)&nbsp;shares soared Friday after the company announced that fellow customer experience company&nbsp;Sitel Group is acquiring it and taking it private in a $2.2-billion cash deal.</p><p><blockquote>赛克斯企业（<b>SYKE</b>）周五，在该公司宣布客户体验公司Sitel Group将以22亿美元的现金交易收购该公司并将其私有化后，该公司股价飙升。</blockquote></p><p> Sykes recently traded at $53.48, up 29.90%, on Friday morning.</p><p><blockquote>周五上午，赛克斯最近的交易价格为53.48美元，上涨29.90%。</blockquote></p><p> Following the proposed transaction, the combined company will employ 155,00 workers in 39 countries, serving more than 600 clients. The companies expect combined revenue of more than $4 billion this year.</p><p><blockquote>拟议交易完成后，合并后的公司将在39个国家雇用155，000名员工，为600多家客户提供服务。两家公司预计今年的总收入将超过40亿美元。</blockquote></p><p> “By joining forces with such a healthy, profitable and financially solid U.S. brand that also has a stellar reputation, we will further enhance our global reach,\" said Laurent Uberti, chief executive of Sitel Group, in a statement.</p><p><blockquote>Sitel集团首席执行官Laurent Uberti在一份声明中表示：“通过与这样一个健康、盈利、财务稳健、声誉良好的美国品牌联手，我们将进一步增强我们的全球影响力。”</blockquote></p><p> The transaction is expected to be completed in the second half of 2021. Upon the closing of the deal, Sykes will cease trading on Nasdaq.</p><p><blockquote>该交易预计将于2021年下半年完成。交易完成后，Sykes将停止在纳斯达克的交易。</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>Sykes Enterprises Soars on Deal to Be Bought by Sitel Group<blockquote>Sykes Enterprises因被Sitel Group收购而股价飙升</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSykes Enterprises Soars on Deal to Be Bought by Sitel Group<blockquote>Sykes Enterprises因被Sitel Group收购而股价飙升</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">thestreet</strong><span class=\"h-time small\">2021-06-18 22:42</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Sykes Enterprises&nbsp;(<b>SYKE</b>)&nbsp;shares soared Friday after the company announced that fellow customer experience company&nbsp;Sitel Group is acquiring it and taking it private in a $2.2-billion cash deal.</p><p><blockquote>赛克斯企业（<b>SYKE</b>）周五，在该公司宣布客户体验公司Sitel Group将以22亿美元的现金交易收购该公司并将其私有化后，该公司股价飙升。</blockquote></p><p> Sykes recently traded at $53.48, up 29.90%, on Friday morning.</p><p><blockquote>周五上午，赛克斯最近的交易价格为53.48美元，上涨29.90%。</blockquote></p><p> Following the proposed transaction, the combined company will employ 155,00 workers in 39 countries, serving more than 600 clients. The companies expect combined revenue of more than $4 billion this year.</p><p><blockquote>拟议交易完成后，合并后的公司将在39个国家雇用155，000名员工，为600多家客户提供服务。两家公司预计今年的总收入将超过40亿美元。</blockquote></p><p> “By joining forces with such a healthy, profitable and financially solid U.S. brand that also has a stellar reputation, we will further enhance our global reach,\" said Laurent Uberti, chief executive of Sitel Group, in a statement.</p><p><blockquote>Sitel集团首席执行官Laurent Uberti在一份声明中表示：“通过与这样一个健康、盈利、财务稳健、声誉良好的美国品牌联手，我们将进一步增强我们的全球影响力。”</blockquote></p><p> The transaction is expected to be completed in the second half of 2021. Upon the closing of the deal, Sykes will cease trading on Nasdaq.</p><p><blockquote>该交易预计将于2021年下半年完成。交易完成后，Sykes将停止在纳斯达克的交易。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/sykes-enterprises-sitel-group-buyout-2-billion-dollars\">thestreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SYKE":"赛科斯企业"},"source_url":"https://www.thestreet.com/investing/sykes-enterprises-sitel-group-buyout-2-billion-dollars","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1119256489","content_text":"Sykes Enterprises (SYKE) shares soared Friday after the company announced that fellow customer experience company Sitel Group is acquiring it and taking it private in a $2.2-billion cash deal.\nSykes recently traded at $53.48, up 29.90%, on Friday morning.\nFollowing the proposed transaction, the combined company will employ 155,00 workers in 39 countries, serving more than 600 clients. The companies expect combined revenue of more than $4 billion this year.\n“By joining forces with such a healthy, profitable and financially solid U.S. brand that also has a stellar reputation, we will further enhance our global reach,\" said Laurent Uberti, chief executive of Sitel Group, in a statement.\nThe transaction is expected to be completed in the second half of 2021. Upon the closing of the deal, Sykes will cease trading on Nasdaq.","news_type":1,"symbols_score_info":{"SYKE":0.9}},"isVote":1,"tweetType":1,"viewCount":353,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}