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SamuChong
2021-12-06
Board risk off sentiments now - Expect higher volatility till the end of the year.
@经济观察报:EEO全球财经周报 | 奥密克戎已散播至美国15个州;日本拟不再允许留学生免税购物;半导体市场规模2022年预计突破6000亿美元
SamuChong
2021-12-02
[Surprised]
抱歉,原内容已删除
SamuChong
2021-11-30
[微笑]
抱歉,原内容已删除
SamuChong
2021-11-25
good read
抱歉,原内容已删除
去老虎APP查看更多动态
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Walensky)5日说,截至4日晚上,奥密克戎毒株已在美国约15个州出现,但德尔塔变体仍占该国新冠病例的大多数。虽然一些患者最近曾前往首次发现该毒株的非洲,但也有患者没有任何旅行史,这表明奥密克戎毒株正在美国社区进行传播。白宫首席防疫顾问福奇也说,在美国国内绝对存在(奥密克戎毒株)社区传播。福奇警告,美国有可能进入第五波疫情,疫情的严重性将要视“我们在未来几周及几个月所采取的行动而定”,人们要准备采取任何行动阻止感染率再度回升。(来源:联合早报) | FDA计划快速审核针对奥密克戎的疫苗和药物 据知情人士表示,美国食品药品管理局(FDA)正在为快速审核针对奥密克戎(Omicron)的疫苗和药物奠定基础,前提是它们被证明是有必要的。在今年早些时候制定的评估疫苗和疗法的规则基础上,FDA一直在与制药商碰面,并为迅速评估针对奥密克戎变异株的产品所需的研究和数据制定指导方针。据知情人士称,FDA希望在授权使用奥密克戎疫苗和疗法之前确保它们是安全有效的并且可以准确无误地生产出来,同时,FDA将尽快采取行动进行评估,以赶在该病毒变种让疫苗无效之前形成防护力。(来源:华尔街日报) | 若能源价格下跌 美国或将调整战略石油储备释放计划的时间 美国能源部副部长David Turk 1日表示,如果全球能源价格大幅下跌,拜登政府可能会调整释放战略原油储备计划的时间。Turk在Reuters Next会议的视频采访中表示,如有必要,其他已经同意与美国一起释放战略储备以控制价格的消费国也可以调整释放时机。拜登政府上月宣布,将从美国战略石油储备中释放5,000万桶石油,同时中国、印度、日本、韩国和英国也将释放少量石油,以帮助降低消费者的能源成本。(来源:路透社) |","listText":"美国: | 奥密克戎已散播至美国15个州 美国疾病控制和预防中心主任瓦伦斯基(Rochelle Walensky)5日说,截至4日晚上,奥密克戎毒株已在美国约15个州出现,但德尔塔变体仍占该国新冠病例的大多数。虽然一些患者最近曾前往首次发现该毒株的非洲,但也有患者没有任何旅行史,这表明奥密克戎毒株正在美国社区进行传播。白宫首席防疫顾问福奇也说,在美国国内绝对存在(奥密克戎毒株)社区传播。福奇警告,美国有可能进入第五波疫情,疫情的严重性将要视“我们在未来几周及几个月所采取的行动而定”,人们要准备采取任何行动阻止感染率再度回升。(来源:联合早报) | FDA计划快速审核针对奥密克戎的疫苗和药物 据知情人士表示,美国食品药品管理局(FDA)正在为快速审核针对奥密克戎(Omicron)的疫苗和药物奠定基础,前提是它们被证明是有必要的。在今年早些时候制定的评估疫苗和疗法的规则基础上,FDA一直在与制药商碰面,并为迅速评估针对奥密克戎变异株的产品所需的研究和数据制定指导方针。据知情人士称,FDA希望在授权使用奥密克戎疫苗和疗法之前确保它们是安全有效的并且可以准确无误地生产出来,同时,FDA将尽快采取行动进行评估,以赶在该病毒变种让疫苗无效之前形成防护力。(来源:华尔街日报) | 若能源价格下跌 美国或将调整战略石油储备释放计划的时间 美国能源部副部长David Turk 1日表示,如果全球能源价格大幅下跌,拜登政府可能会调整释放战略原油储备计划的时间。Turk在Reuters Next会议的视频采访中表示,如有必要,其他已经同意与美国一起释放战略储备以控制价格的消费国也可以调整释放时机。拜登政府上月宣布,将从美国战略石油储备中释放5,000万桶石油,同时中国、印度、日本、韩国和英国也将释放少量石油,以帮助降低消费者的能源成本。(来源:路透社) |","text":"美国: | 奥密克戎已散播至美国15个州 美国疾病控制和预防中心主任瓦伦斯基(Rochelle Walensky)5日说,截至4日晚上,奥密克戎毒株已在美国约15个州出现,但德尔塔变体仍占该国新冠病例的大多数。虽然一些患者最近曾前往首次发现该毒株的非洲,但也有患者没有任何旅行史,这表明奥密克戎毒株正在美国社区进行传播。白宫首席防疫顾问福奇也说,在美国国内绝对存在(奥密克戎毒株)社区传播。福奇警告,美国有可能进入第五波疫情,疫情的严重性将要视“我们在未来几周及几个月所采取的行动而定”,人们要准备采取任何行动阻止感染率再度回升。(来源:联合早报) | FDA计划快速审核针对奥密克戎的疫苗和药物 据知情人士表示,美国食品药品管理局(FDA)正在为快速审核针对奥密克戎(Omicron)的疫苗和药物奠定基础,前提是它们被证明是有必要的。在今年早些时候制定的评估疫苗和疗法的规则基础上,FDA一直在与制药商碰面,并为迅速评估针对奥密克戎变异株的产品所需的研究和数据制定指导方针。据知情人士称,FDA希望在授权使用奥密克戎疫苗和疗法之前确保它们是安全有效的并且可以准确无误地生产出来,同时,FDA将尽快采取行动进行评估,以赶在该病毒变种让疫苗无效之前形成防护力。(来源:华尔街日报) | 若能源价格下跌 美国或将调整战略石油储备释放计划的时间 美国能源部副部长David Turk 1日表示,如果全球能源价格大幅下跌,拜登政府可能会调整释放战略原油储备计划的时间。Turk在Reuters Next会议的视频采访中表示,如有必要,其他已经同意与美国一起释放战略储备以控制价格的消费国也可以调整释放时机。拜登政府上月宣布,将从美国战略石油储备中释放5,000万桶石油,同时中国、印度、日本、韩国和英国也将释放少量石油,以帮助降低消费者的能源成本。(来源:路透社) 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","text":"[Surprised]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":7,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/603611582","repostId":"1196358645","repostType":4,"isVote":1,"tweetType":1,"viewCount":3591,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":606054517,"gmtCreate":1638802922540,"gmtModify":1638802922637,"author":{"id":"3578464057789843","authorId":"3578464057789843","name":"SamuChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578464057789843","authorIdStr":"3578464057789843"},"themes":[],"title":"","htmlText":"Board risk off sentiments now - Expect higher volatility till the end of the year.","listText":"Board risk off sentiments now - Expect higher volatility till the end of the year.","text":"Board risk off sentiments now - Expect higher volatility till the end of the year.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/606054517","repostId":"608423292","repostType":1,"repost":{"id":608423292,"gmtCreate":1638781335000,"gmtModify":1783109256766,"author":{"id":"3577852034187700","authorId":"3577852034187700","name":"经济观察报","avatar":"https://static.tigerbbs.com/f64ac2aa784ef0f271ddeb45c7dc72bc","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3577852034187700","authorIdStr":"3577852034187700"},"themes":[],"title":"EEO全球财经周报 | 奥密克戎已散播至美国15个州;日本拟不再允许留学生免税购物;半导体市场规模2022年预计突破6000亿美元","htmlText":"美国: | 奥密克戎已散播至美国15个州 美国疾病控制和预防中心主任瓦伦斯基(Rochelle Walensky)5日说,截至4日晚上,奥密克戎毒株已在美国约15个州出现,但德尔塔变体仍占该国新冠病例的大多数。虽然一些患者最近曾前往首次发现该毒株的非洲,但也有患者没有任何旅行史,这表明奥密克戎毒株正在美国社区进行传播。白宫首席防疫顾问福奇也说,在美国国内绝对存在(奥密克戎毒株)社区传播。福奇警告,美国有可能进入第五波疫情,疫情的严重性将要视“我们在未来几周及几个月所采取的行动而定”,人们要准备采取任何行动阻止感染率再度回升。(来源:联合早报) | FDA计划快速审核针对奥密克戎的疫苗和药物 据知情人士表示,美国食品药品管理局(FDA)正在为快速审核针对奥密克戎(Omicron)的疫苗和药物奠定基础,前提是它们被证明是有必要的。在今年早些时候制定的评估疫苗和疗法的规则基础上,FDA一直在与制药商碰面,并为迅速评估针对奥密克戎变异株的产品所需的研究和数据制定指导方针。据知情人士称,FDA希望在授权使用奥密克戎疫苗和疗法之前确保它们是安全有效的并且可以准确无误地生产出来,同时,FDA将尽快采取行动进行评估,以赶在该病毒变种让疫苗无效之前形成防护力。(来源:华尔街日报) | 若能源价格下跌 美国或将调整战略石油储备释放计划的时间 美国能源部副部长David Turk 1日表示,如果全球能源价格大幅下跌,拜登政府可能会调整释放战略原油储备计划的时间。Turk在Reuters Next会议的视频采访中表示,如有必要,其他已经同意与美国一起释放战略储备以控制价格的消费国也可以调整释放时机。拜登政府上月宣布,将从美国战略石油储备中释放5,000万桶石油,同时中国、印度、日本、韩国和英国也将释放少量石油,以帮助降低消费者的能源成本。(来源:路透社) |","listText":"美国: | 奥密克戎已散播至美国15个州 美国疾病控制和预防中心主任瓦伦斯基(Rochelle Walensky)5日说,截至4日晚上,奥密克戎毒株已在美国约15个州出现,但德尔塔变体仍占该国新冠病例的大多数。虽然一些患者最近曾前往首次发现该毒株的非洲,但也有患者没有任何旅行史,这表明奥密克戎毒株正在美国社区进行传播。白宫首席防疫顾问福奇也说,在美国国内绝对存在(奥密克戎毒株)社区传播。福奇警告,美国有可能进入第五波疫情,疫情的严重性将要视“我们在未来几周及几个月所采取的行动而定”,人们要准备采取任何行动阻止感染率再度回升。(来源:联合早报) | FDA计划快速审核针对奥密克戎的疫苗和药物 据知情人士表示,美国食品药品管理局(FDA)正在为快速审核针对奥密克戎(Omicron)的疫苗和药物奠定基础,前提是它们被证明是有必要的。在今年早些时候制定的评估疫苗和疗法的规则基础上,FDA一直在与制药商碰面,并为迅速评估针对奥密克戎变异株的产品所需的研究和数据制定指导方针。据知情人士称,FDA希望在授权使用奥密克戎疫苗和疗法之前确保它们是安全有效的并且可以准确无误地生产出来,同时,FDA将尽快采取行动进行评估,以赶在该病毒变种让疫苗无效之前形成防护力。(来源:华尔街日报) | 若能源价格下跌 美国或将调整战略石油储备释放计划的时间 美国能源部副部长David Turk 1日表示,如果全球能源价格大幅下跌,拜登政府可能会调整释放战略原油储备计划的时间。Turk在Reuters Next会议的视频采访中表示,如有必要,其他已经同意与美国一起释放战略储备以控制价格的消费国也可以调整释放时机。拜登政府上月宣布,将从美国战略石油储备中释放5,000万桶石油,同时中国、印度、日本、韩国和英国也将释放少量石油,以帮助降低消费者的能源成本。(来源:路透社) |","text":"美国: | 奥密克戎已散播至美国15个州 美国疾病控制和预防中心主任瓦伦斯基(Rochelle Walensky)5日说,截至4日晚上,奥密克戎毒株已在美国约15个州出现,但德尔塔变体仍占该国新冠病例的大多数。虽然一些患者最近曾前往首次发现该毒株的非洲,但也有患者没有任何旅行史,这表明奥密克戎毒株正在美国社区进行传播。白宫首席防疫顾问福奇也说,在美国国内绝对存在(奥密克戎毒株)社区传播。福奇警告,美国有可能进入第五波疫情,疫情的严重性将要视“我们在未来几周及几个月所采取的行动而定”,人们要准备采取任何行动阻止感染率再度回升。(来源:联合早报) | FDA计划快速审核针对奥密克戎的疫苗和药物 据知情人士表示,美国食品药品管理局(FDA)正在为快速审核针对奥密克戎(Omicron)的疫苗和药物奠定基础,前提是它们被证明是有必要的。在今年早些时候制定的评估疫苗和疗法的规则基础上,FDA一直在与制药商碰面,并为迅速评估针对奥密克戎变异株的产品所需的研究和数据制定指导方针。据知情人士称,FDA希望在授权使用奥密克戎疫苗和疗法之前确保它们是安全有效的并且可以准确无误地生产出来,同时,FDA将尽快采取行动进行评估,以赶在该病毒变种让疫苗无效之前形成防护力。(来源:华尔街日报) | 若能源价格下跌 美国或将调整战略石油储备释放计划的时间 美国能源部副部长David Turk 1日表示,如果全球能源价格大幅下跌,拜登政府可能会调整释放战略原油储备计划的时间。Turk在Reuters Next会议的视频采访中表示,如有必要,其他已经同意与美国一起释放战略储备以控制价格的消费国也可以调整释放时机。拜登政府上月宣布,将从美国战略石油储备中释放5,000万桶石油,同时中国、印度、日本、韩国和英国也将释放少量石油,以帮助降低消费者的能源成本。(来源:路透社) |","images":[],"top":1,"highlighted":1,"essential":1,"paper":2,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/608423292","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":1,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":4027,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":609355157,"gmtCreate":1638242801014,"gmtModify":1638242810818,"author":{"id":"3578464057789843","authorId":"3578464057789843","name":"SamuChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578464057789843","authorIdStr":"3578464057789843"},"themes":[],"title":"","htmlText":"[微笑]","listText":"[微笑]","text":"[微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/609355157","repostId":"2187672306","repostType":2,"isVote":1,"tweetType":1,"viewCount":4196,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":874556134,"gmtCreate":1637804117231,"gmtModify":1637804919617,"author":{"id":"3578464057789843","authorId":"3578464057789843","name":"SamuChong","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578464057789843","authorIdStr":"3578464057789843"},"themes":[],"title":"","htmlText":"good read","listText":"good read","text":"good read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/874556134","repostId":"1108125446","repostType":2,"repost":{"id":"1108125446","kind":"news","pubTimestamp":1637802593,"share":"https://www.laohunote.com/m/news/1108125446?lang=zh_CN&edition=full","pubTime":"2021-11-25 09:09","market":"us","language":"en","title":"Cathie Wood Is Testing ‘ARK on Steroids.’ She Wants to Bet Against Disruption’s Victims.<blockquote>凯茜-伍德(Cathie Wood)正在测试《类固醇方舟》。她想和破坏的受害者打赌。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1108125446","media":"Barrons","summary":"Cathie Wood’s investment firm, known for investing in companies that are shaking up their industries","content":"<p>Cathie Wood’s investment firm, known for investing in companies that are shaking up their industries, is testing a portfolio that would let her bet against the corporate victims of that disruption.</p><p><blockquote>凯西-伍德(Cathie Wood)的投资公司以投资那些正在改变行业的公司而闻名,该公司正在测试一个投资组合,让她可以押注那些颠覆的企业受害者。</blockquote></p><p> Wood, a widely followed stock picker, founded and runs the asset-management firm ARK Invest. ARK currently offers six actively managed exchange-traded funds, but none have the capability to short stocks––borrowing shares and selling them later in a bet that prices would drop.</p><p><blockquote>伍德是一位广受关注的选股者,他创立并经营着资产管理公司 ARK Invest。ARK 目前提供六只主动管理的交易所交易基金,但没有一只具备做空股票的能力——借入股票并在稍后出售,押注价格会下跌。</blockquote></p><p> The new portfolio, currently being tested internally, would be able to not only own stocks, but also to short them, Wood told CNBC on Wednesday, She plans to focus her short selling on stocks in big benchmarks that are vulnerable to innovation-driven changes. The CEO characterized the new approach as “ARK on steroids.”</p><p><blockquote>伍德周三对 CNBC 表示,目前正在内部测试的新投资组合不仅能够持有股票,还可以做空股票,她计划将卖空重点放在容易受到创新驱动变化影响的大型基准股票上。这位首席执行官将这种新方法描述为 “类固醇方舟”。</blockquote></p><p> “We think the benchmarks are where the big risks are longer-term, because they are filling up with value traps––those companies that have done very well historically but are going to be disintermediated and disrupted by the massive amount of innovation that’s taking place,” she said.</p><p><blockquote>“她说:”我们认为,基准是长期风险较大的地方,因为它们充满了价值陷阱--这些公司在历史上表现非常出色,但将被去中介化,并被正在进行的大量创新所颠覆。</blockquote></p><p> ARK ETFs are known for focusing solely on innovators and industry disrupters like Tesla (ticker: TSLA) and Square (SQ). Some of the top-performing funds in 2020, the ARK ETFs soared wildly during the pandemic, garnering billions of dollars in assets from retail investors.</p><p><blockquote>方舟 ETF 以专注于特斯拉(股票代码:TSLA)和 Square (SQ) 等创新者和行业颠覆者而闻名。作为 2020 年表现最好的基金之一,ARK ETF 在疫情期间大幅飙升,从散户投资者那里获得了数十亿美元的资产。</blockquote></p><p> This year, though, the ARK funds have been struggling to repeat their spectacular performance. The flagship ARK Innovation ETF (ARKK), which gained 149% in 2020, is down 15% so far in 2021. The ARK Genomic Revolution ETF (ARKG) is down 31% this year after surging 178% in 2020. The S&P 500 index has risen 25% year to date.</p><p><blockquote>然而今年,方舟基金一直在努力重复其出色的表现。旗舰 ARK Innovation ETF (ARKK) 在 2020 年上涨了 149%,但在 2021 年迄今已下跌了 15%。ARK Genomic Revolution ETF (ARKG) 继 2020 年飙升 178% 后,今年下跌了 31%。标普500指数今年迄今已上涨 25%。</blockquote></p><p> Disruptive innovation––including DNA sequencing, robotics, energy storage, artificial intelligence, and blockchain––is currently priced between $10 trillion and $15 trillion in the global public market, says Wood. She believes that in 10 years, they’ll be worth $200 trillion.</p><p><blockquote>伍德说,颠覆性创新——包括DNA测序、机器人、能源存储、人工智能和区块链——目前在全球公开市场上的价格在10万亿美元到15万亿美元之间。她认为,10 年后,它们的价值将达到 200 万亿美元。</blockquote></p><p> But this year, investors have favored cheaper cyclical stocks that could benefit from the postpandemic recovery. ARK doubters believe that highflying names in ARK funds’ portfolios are too pricey, especially in an inflationary environment where growth companies’ future cash flows are considered less valuable today.</p><p><blockquote>但今年,投资者青睐可能受益于大流行后复苏的更便宜的周期性股票。ARK 的怀疑者认为,ARK 基金投资组合中的大牌股票价格过高,尤其是在通货膨胀的环境下,成长型公司的未来现金流在今天被认为价值较低。</blockquote></p><p> An increasing number of bears have been borrowing shares of ARK ETFs and selling them short, hoping to profit from a price drop. There is even an “anti-ARK” ETF––the Tuttle Capital Short Innovation ETF (SARK) launched two weeks ago––that tracks the inverse performance of the ARK Innovation ETF through swaps contracts.</p><p><blockquote>越来越多的空头一直在借入 ARK ETF 股票并卖空,希望从价格下跌中获利。甚至还有一只 “反方舟 ”ETF--两周前推出的塔特尔资本空头创新ETF(SARK)--通过掉期合约追踪方舟创新ETF的反向表现。</blockquote></p><p> The ability to short stocks could make ARK funds even more volatile than they are today. But Wood doesn’t think the current inflation––and its negative impact on her stock picks––will last. She has repeatedly said that the economy’s long-term trend is deflation rather than inflation, due to the downward price pressure coming from technology innovation.</p><p><blockquote>做空股票的能力可能会使方舟基金比现在更加波动。但伍德并不认为当前的通货膨胀--及其对她选股的负面影响--会持续下去。她曾多次表示,由于技术创新带来的价格下行压力,经济的长期趋势是通货紧缩而不是通货膨胀。</blockquote></p><p></p>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Cathie Wood Is Testing ‘ARK on Steroids.’ She Wants to Bet Against Disruption’s Victims.<blockquote>凯茜-伍德(Cathie Wood)正在测试《类固醇方舟》。她想和破坏的受害者打赌。</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\">\nCathie Wood Is Testing ‘ARK on Steroids.’ She Wants to Bet Against Disruption’s Victims.<blockquote>凯茜-伍德(Cathie Wood)正在测试《类固醇方舟》。她想和破坏的受害者打赌。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-11-25 09:09</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Cathie Wood’s investment firm, known for investing in companies that are shaking up their industries, is testing a portfolio that would let her bet against the corporate victims of that disruption.</p><p><blockquote>凯西-伍德(Cathie Wood)的投资公司以投资那些正在改变行业的公司而闻名,该公司正在测试一个投资组合,让她可以押注那些颠覆的企业受害者。</blockquote></p><p> Wood, a widely followed stock picker, founded and runs the asset-management firm ARK Invest. ARK currently offers six actively managed exchange-traded funds, but none have the capability to short stocks––borrowing shares and selling them later in a bet that prices would drop.</p><p><blockquote>伍德是一位广受关注的选股者,他创立并经营着资产管理公司 ARK Invest。ARK 目前提供六只主动管理的交易所交易基金,但没有一只具备做空股票的能力——借入股票并在稍后出售,押注价格会下跌。</blockquote></p><p> The new portfolio, currently being tested internally, would be able to not only own stocks, but also to short them, Wood told CNBC on Wednesday, She plans to focus her short selling on stocks in big benchmarks that are vulnerable to innovation-driven changes. The CEO characterized the new approach as “ARK on steroids.”</p><p><blockquote>伍德周三对 CNBC 表示,目前正在内部测试的新投资组合不仅能够持有股票,还可以做空股票,她计划将卖空重点放在容易受到创新驱动变化影响的大型基准股票上。这位首席执行官将这种新方法描述为 “类固醇方舟”。</blockquote></p><p> “We think the benchmarks are where the big risks are longer-term, because they are filling up with value traps––those companies that have done very well historically but are going to be disintermediated and disrupted by the massive amount of innovation that’s taking place,” she said.</p><p><blockquote>“她说:”我们认为,基准是长期风险较大的地方,因为它们充满了价值陷阱--这些公司在历史上表现非常出色,但将被去中介化,并被正在进行的大量创新所颠覆。</blockquote></p><p> ARK ETFs are known for focusing solely on innovators and industry disrupters like Tesla (ticker: TSLA) and Square (SQ). Some of the top-performing funds in 2020, the ARK ETFs soared wildly during the pandemic, garnering billions of dollars in assets from retail investors.</p><p><blockquote>方舟 ETF 以专注于特斯拉(股票代码:TSLA)和 Square (SQ) 等创新者和行业颠覆者而闻名。作为 2020 年表现最好的基金之一,ARK ETF 在疫情期间大幅飙升,从散户投资者那里获得了数十亿美元的资产。</blockquote></p><p> This year, though, the ARK funds have been struggling to repeat their spectacular performance. The flagship ARK Innovation ETF (ARKK), which gained 149% in 2020, is down 15% so far in 2021. The ARK Genomic Revolution ETF (ARKG) is down 31% this year after surging 178% in 2020. The S&P 500 index has risen 25% year to date.</p><p><blockquote>然而今年,方舟基金一直在努力重复其出色的表现。旗舰 ARK Innovation ETF (ARKK) 在 2020 年上涨了 149%,但在 2021 年迄今已下跌了 15%。ARK Genomic Revolution ETF (ARKG) 继 2020 年飙升 178% 后,今年下跌了 31%。标普500指数今年迄今已上涨 25%。</blockquote></p><p> Disruptive innovation––including DNA sequencing, robotics, energy storage, artificial intelligence, and blockchain––is currently priced between $10 trillion and $15 trillion in the global public market, says Wood. She believes that in 10 years, they’ll be worth $200 trillion.</p><p><blockquote>伍德说,颠覆性创新——包括DNA测序、机器人、能源存储、人工智能和区块链——目前在全球公开市场上的价格在10万亿美元到15万亿美元之间。她认为,10 年后,它们的价值将达到 200 万亿美元。</blockquote></p><p> But this year, investors have favored cheaper cyclical stocks that could benefit from the postpandemic recovery. ARK doubters believe that highflying names in ARK funds’ portfolios are too pricey, especially in an inflationary environment where growth companies’ future cash flows are considered less valuable today.</p><p><blockquote>但今年,投资者青睐可能受益于大流行后复苏的更便宜的周期性股票。ARK 的怀疑者认为,ARK 基金投资组合中的大牌股票价格过高,尤其是在通货膨胀的环境下,成长型公司的未来现金流在今天被认为价值较低。</blockquote></p><p> An increasing number of bears have been borrowing shares of ARK ETFs and selling them short, hoping to profit from a price drop. There is even an “anti-ARK” ETF––the Tuttle Capital Short Innovation ETF (SARK) launched two weeks ago––that tracks the inverse performance of the ARK Innovation ETF through swaps contracts.</p><p><blockquote>越来越多的空头一直在借入 ARK ETF 股票并卖空,希望从价格下跌中获利。甚至还有一只 “反方舟 ”ETF--两周前推出的塔特尔资本空头创新ETF(SARK)--通过掉期合约追踪方舟创新ETF的反向表现。</blockquote></p><p> The ability to short stocks could make ARK funds even more volatile than they are today. But Wood doesn’t think the current inflation––and its negative impact on her stock picks––will last. She has repeatedly said that the economy’s long-term trend is deflation rather than inflation, due to the downward price pressure coming from technology innovation.</p><p><blockquote>做空股票的能力可能会使方舟基金比现在更加波动。但伍德并不认为当前的通货膨胀--及其对她选股的负面影响--会持续下去。她曾多次表示,由于技术创新带来的价格下行压力,经济的长期趋势是通货紧缩而不是通货膨胀。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://www.barrons.com/articles/cathie-wood-ark-invest-short-selling-51637788917?mod=hp_LATEST\">Barrons</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"ARKG":"ARK Genomic Revolution ETF","ARKK":"ARK Innovation ETF","SARK":"Tradr 1X Short Innovation Daily ETF"},"source_url":"https://www.barrons.com/articles/cathie-wood-ark-invest-short-selling-51637788917?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1108125446","content_text":"Cathie Wood’s investment firm, known for investing in companies that are shaking up their industries, is testing a portfolio that would let her bet against the corporate victims of that disruption.\nWood, a widely followed stock picker, founded and runs the asset-management firm ARK Invest. ARK currently offers six actively managed exchange-traded funds, but none have the capability to short stocks––borrowing shares and selling them later in a bet that prices would drop.\nThe new portfolio, currently being tested internally, would be able to not only own stocks, but also to short them, Wood told CNBC on Wednesday, She plans to focus her short selling on stocks in big benchmarks that are vulnerable to innovation-driven changes. The CEO characterized the new approach as “ARK on steroids.”\n“We think the benchmarks are where the big risks are longer-term, because they are filling up with value traps––those companies that have done very well historically but are going to be disintermediated and disrupted by the massive amount of innovation that’s taking place,” she said.\nARK ETFs are known for focusing solely on innovators and industry disrupters like Tesla (ticker: TSLA) and Square (SQ). Some of the top-performing funds in 2020, the ARK ETFs soared wildly during the pandemic, garnering billions of dollars in assets from retail investors.\nThis year, though, the ARK funds have been struggling to repeat their spectacular performance. The flagship ARK Innovation ETF (ARKK), which gained 149% in 2020, is down 15% so far in 2021. The ARK Genomic Revolution ETF (ARKG) is down 31% this year after surging 178% in 2020. The S&P 500 index has risen 25% year to date.\nDisruptive innovation––including DNA sequencing, robotics, energy storage, artificial intelligence, and blockchain––is currently priced between $10 trillion and $15 trillion in the global public market, says Wood. She believes that in 10 years, they’ll be worth $200 trillion.\nBut this year, investors have favored cheaper cyclical stocks that could benefit from the postpandemic recovery. ARK doubters believe that highflying names in ARK funds’ portfolios are too pricey, especially in an inflationary environment where growth companies’ future cash flows are considered less valuable today.\nAn increasing number of bears have been borrowing shares of ARK ETFs and selling them short, hoping to profit from a price drop. There is even an “anti-ARK” ETF––the Tuttle Capital Short Innovation ETF (SARK) launched two weeks ago––that tracks the inverse performance of the ARK Innovation ETF through swaps contracts.\nThe ability to short stocks could make ARK funds even more volatile than they are today. But Wood doesn’t think the current inflation––and its negative impact on her stock picks––will last. She has repeatedly said that the economy’s long-term trend is deflation rather than inflation, due to the downward price pressure coming from technology innovation.","news_type":1,"symbols_score_info":{"ARKK":0.9,"SARK":0.9,"ARKG":0.9}},"isVote":1,"tweetType":1,"viewCount":1984,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}