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2021-11-19

Wow

The Apple Car Is Back in the News. It’s Still a Stretch.<blockquote>苹果汽车又回到了新闻中。还是有点牵强。</blockquote>

2021-11-12

$ISDN HOLDINGS LIMITED(I07.SI)$Soon

2021-11-11

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2021-11-10

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2021-11-09

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2021-11-09

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2021-11-08

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2021-11-08

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2021-11-07

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2021-11-06

$JIUTIAN CHEMICAL GROUP LIMITED(C8R.SI)$Slowly

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2021-11-05

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2021-11-04

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2021-11-04

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2021-11-03

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2021-10-31

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It’s Still a Stretch.<blockquote>苹果汽车又回到了新闻中。还是有点牵强。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1186458009","media":"Barrons","summary":"A kerfuffle erupted Thursday when Bloomberg reported Apple is accelerating plans for an electric, se","content":"<p>A kerfuffle erupted Thursday when Bloomberg reported&nbsp;Apple&nbsp;is accelerating plans for an electric, self-driving car. A battery-powered, autonomous iCar would mean new competition for existing automotive players.</p><p><blockquote>周四，当彭博社报道苹果正在加快电动自动驾驶汽车的计划时，一场混乱爆发了。电池供电的自动驾驶iCar对现有汽车厂商来说意味着新的竞争。</blockquote></p><p> It all sounds like a tempest in a teapot. Apple isn’t commenting, and no one know whether Apple would actually make its own car from the ground up or join with an existing car maker. Or when this car might actually hit the market.</p><p><blockquote>这一切听起来就像茶壶里的暴风雨。苹果没有发表评论，也没有人知道苹果是否真的会从头开始制造自己的汽车或与现有的汽车制造商合作。或者这辆车何时真正上市。</blockquote></p><p> Well, a tempest in a big teapot. After the Bloomberg story hit, shortly after noon, Apple (ticker: AAPL) stock jumped about 2%.Tesla&nbsp;(TSLA) dropped about 2%.Ford Motor&nbsp;(F) dropped 3%.General Motors&nbsp;(GM) shed roughly 2%. The&nbsp;S&amp;P 500&nbsp;and&nbsp;Dow Jones Industrial Average were relatively stable up about 0.4% and down about 0.2%, respectively.</p><p><blockquote>嗯，大茶壶里的暴风雨。彭博社的报道曝光后，中午过后不久，苹果（股票代码：AAPL）股价上涨约2%。特斯拉(TSLA)下跌约2%。福特汽车(F)下跌3%。通用汽车(GM)下跌约2%。标准普尔500指数和道琼斯工业平均指数相对稳定，分别上涨约0.4%和下跌约0.2%。</blockquote></p><p> “We continue to believe it’s a matter of when, not if,&nbsp;Apple&nbsp;enters the EV race and this will add another $30+ per share of TAM to the&nbsp;Apple&nbsp;growth story over the next few years,” wrote Wedbush analyst Dan Ives in a Thursday note reacting to the story.</p><p><blockquote>Wedbush分析师Dan Ives在一份报告中写道：“我们仍然认为，苹果是否加入电动汽车竞赛只是时间问题，而不是是否加入电动汽车竞赛，这将在未来几年为苹果的增长故事增加每股30美元以上的TAM。”周四对这个故事做出反应的笔记。</blockquote></p><p> TAM is short for total addressable market. And $30 per Apple share is $500 billion. That’s a lot, even if Apple only got a fraction of this market.</p><p><blockquote>TAM是总目标市场的缩写。每股苹果股票30美元就是5000亿美元。即使苹果只占据了这个市场的一小部分，这也是很多。</blockquote></p><p> Details are thin. Ives, for instance, sees partnerships as most likely where Apple doesn’t build the car itself. And he puts a 60% to 65% change of seeing an Apple car unveiled by 2025.</p><p><blockquote>细节很单薄。例如，Ives认为，在苹果自己不生产汽车的情况下，最有可能建立合作伙伴关系。他预计，到2025年，苹果汽车的推出将发生60%至65%的变化。</blockquote></p><p> Then there is the issue of full self driving. That supposedly would be Apple’s edge when entering the market.</p><p><blockquote>然后是全自动驾驶的问题。这应该是苹果进入市场时的优势。</blockquote></p><p> Fully autonomous consumer cars, however, won’t be ready for years.</p><p><blockquote>然而，全自动驾驶消费汽车还需要数年时间才能准备好。</blockquote></p><p> Waymo and GM’s Cruise division along with Motional—a joint venture between Hyundai and&nbsp;Aptiv&nbsp;(APTV)–sell a fully self-driving taxi. But the technology used by that trio costs tens of thousands of dollars per car. It only works in commercial vehicles like a taxi.</p><p><blockquote>Waymo和通用汽车的Cruise部门以及现代汽车和Aptiv(APTV)的合资企业Motional销售全自动驾驶出租车。但这三人组使用的技术每辆车的成本高达数万美元。它只适用于出租车等商用车辆。</blockquote></p><p> But if Apple is sitting on hidden fully autonomous technology and it doesn’t want to manufacture cars itself, it would be, essentially, a large Aptiv. Aptiv sells safety and power solutions to the auto industry.</p><p><blockquote>但如果苹果坐拥隐藏的全自动技术并且不想自己制造汽车，那么它本质上就是一家大型安波福公司。Aptiv向汽车行业销售安全和电源解决方案。</blockquote></p><p> That makes Apple sounds more like a supplier and less like an auto maker. That isn’t a bad thing. It’s just different from what the stock market assumed on Thursday. If Apple has the hidden tech it could even sell subscriptions to the technology and split the sales with auto maker partners.</p><p><blockquote>这使得苹果听起来更像是一家供应商，而不是一家汽车制造商。这不是一件坏事。这与周四股市的假设不同。如果苹果拥有隐藏的技术，它甚至可以出售该技术的订阅，并与汽车制造商合作伙伴分享销售额。</blockquote></p><p> Gary Black, managing partner of the&nbsp;Future Fund Active&nbsp;ETF (FFND), is skeptical about an Apple car. “The idea is utter nonsense—there is no edge,” he tells <i>Barron’s</i>. “Brands don’t extend into categories where there is no clear distinctive competence.” He is a Tesla bull, but added that the idea of a Tesla phone is just as silly as an Apple car.</p><p><blockquote>未来基金主动ETF(FFND)的管理合伙人Gary Black对苹果汽车持怀疑态度。“这个想法完全是胡说八道——没有任何优势，”他说<i>巴伦周刊</i>“品牌不会延伸到没有明显独特能力的类别。”他是一个特斯拉公牛，但补充说，特斯拉手机的想法就像苹果汽车一样愚蠢。</blockquote></p><p> Time will tell if Black is right. Meanwhile, Project Titan—Apple’s name for the car project that stretches back to 2014—will continue to tantalize investors and upset auto stocks from time to time.</p><p><blockquote>时间会证明布莱克是否正确。与此同时，Project Titan——苹果汽车项目的名称，其历史可以追溯到2014年——将继续吸引投资者，并不时扰乱汽车股。</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>The Apple Car Is Back in the News. 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It’s Still a Stretch.<blockquote>苹果汽车又回到了新闻中。还是有点牵强。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-11-19 15:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p>A kerfuffle erupted Thursday when Bloomberg reported&nbsp;Apple&nbsp;is accelerating plans for an electric, self-driving car. A battery-powered, autonomous iCar would mean new competition for existing automotive players.</p><p><blockquote>周四，当彭博社报道苹果正在加快电动自动驾驶汽车的计划时，一场混乱爆发了。电池供电的自动驾驶iCar对现有汽车厂商来说意味着新的竞争。</blockquote></p><p> It all sounds like a tempest in a teapot. Apple isn’t commenting, and no one know whether Apple would actually make its own car from the ground up or join with an existing car maker. Or when this car might actually hit the market.</p><p><blockquote>这一切听起来就像茶壶里的暴风雨。苹果没有发表评论，也没有人知道苹果是否真的会从头开始制造自己的汽车或与现有的汽车制造商合作。或者这辆车何时真正上市。</blockquote></p><p> Well, a tempest in a big teapot. After the Bloomberg story hit, shortly after noon, Apple (ticker: AAPL) stock jumped about 2%.Tesla&nbsp;(TSLA) dropped about 2%.Ford Motor&nbsp;(F) dropped 3%.General Motors&nbsp;(GM) shed roughly 2%. The&nbsp;S&amp;P 500&nbsp;and&nbsp;Dow Jones Industrial Average were relatively stable up about 0.4% and down about 0.2%, respectively.</p><p><blockquote>嗯，大茶壶里的暴风雨。彭博社的报道曝光后，中午过后不久，苹果（股票代码：AAPL）股价上涨约2%。特斯拉(TSLA)下跌约2%。福特汽车(F)下跌3%。通用汽车(GM)下跌约2%。标准普尔500指数和道琼斯工业平均指数相对稳定，分别上涨约0.4%和下跌约0.2%。</blockquote></p><p> “We continue to believe it’s a matter of when, not if,&nbsp;Apple&nbsp;enters the EV race and this will add another $30+ per share of TAM to the&nbsp;Apple&nbsp;growth story over the next few years,” wrote Wedbush analyst Dan Ives in a Thursday note reacting to the story.</p><p><blockquote>Wedbush分析师Dan Ives在一份报告中写道：“我们仍然认为，苹果是否加入电动汽车竞赛只是时间问题，而不是是否加入电动汽车竞赛，这将在未来几年为苹果的增长故事增加每股30美元以上的TAM。”周四对这个故事做出反应的笔记。</blockquote></p><p> TAM is short for total addressable market. And $30 per Apple share is $500 billion. That’s a lot, even if Apple only got a fraction of this market.</p><p><blockquote>TAM是总目标市场的缩写。每股苹果股票30美元就是5000亿美元。即使苹果只占据了这个市场的一小部分，这也是很多。</blockquote></p><p> Details are thin. Ives, for instance, sees partnerships as most likely where Apple doesn’t build the car itself. And he puts a 60% to 65% change of seeing an Apple car unveiled by 2025.</p><p><blockquote>细节很单薄。例如，Ives认为，在苹果自己不生产汽车的情况下，最有可能建立合作伙伴关系。他预计，到2025年，苹果汽车的推出将发生60%至65%的变化。</blockquote></p><p> Then there is the issue of full self driving. That supposedly would be Apple’s edge when entering the market.</p><p><blockquote>然后是全自动驾驶的问题。这应该是苹果进入市场时的优势。</blockquote></p><p> Fully autonomous consumer cars, however, won’t be ready for years.</p><p><blockquote>然而，全自动驾驶消费汽车还需要数年时间才能准备好。</blockquote></p><p> Waymo and GM’s Cruise division along with Motional—a joint venture between Hyundai and&nbsp;Aptiv&nbsp;(APTV)–sell a fully self-driving taxi. But the technology used by that trio costs tens of thousands of dollars per car. It only works in commercial vehicles like a taxi.</p><p><blockquote>Waymo和通用汽车的Cruise部门以及现代汽车和Aptiv(APTV)的合资企业Motional销售全自动驾驶出租车。但这三人组使用的技术每辆车的成本高达数万美元。它只适用于出租车等商用车辆。</blockquote></p><p> But if Apple is sitting on hidden fully autonomous technology and it doesn’t want to manufacture cars itself, it would be, essentially, a large Aptiv. Aptiv sells safety and power solutions to the auto industry.</p><p><blockquote>但如果苹果坐拥隐藏的全自动技术并且不想自己制造汽车，那么它本质上就是一家大型安波福公司。Aptiv向汽车行业销售安全和电源解决方案。</blockquote></p><p> That makes Apple sounds more like a supplier and less like an auto maker. That isn’t a bad thing. It’s just different from what the stock market assumed on Thursday. If Apple has the hidden tech it could even sell subscriptions to the technology and split the sales with auto maker partners.</p><p><blockquote>这使得苹果听起来更像是一家供应商，而不是一家汽车制造商。这不是一件坏事。这与周四股市的假设不同。如果苹果拥有隐藏的技术，它甚至可以出售该技术的订阅，并与汽车制造商合作伙伴分享销售额。</blockquote></p><p> Gary Black, managing partner of the&nbsp;Future Fund Active&nbsp;ETF (FFND), is skeptical about an Apple car. “The idea is utter nonsense—there is no edge,” he tells <i>Barron’s</i>. “Brands don’t extend into categories where there is no clear distinctive competence.” He is a Tesla bull, but added that the idea of a Tesla phone is just as silly as an Apple car.</p><p><blockquote>未来基金主动ETF(FFND)的管理合伙人Gary Black对苹果汽车持怀疑态度。“这个想法完全是胡说八道——没有任何优势，”他说<i>巴伦周刊</i>“品牌不会延伸到没有明显独特能力的类别。”他是一个特斯拉公牛，但补充说，特斯拉手机的想法就像苹果汽车一样愚蠢。</blockquote></p><p> Time will tell if Black is right. Meanwhile, Project Titan—Apple’s name for the car project that stretches back to 2014—will continue to tantalize investors and upset auto stocks from time to time.</p><p><blockquote>时间会证明布莱克是否正确。与此同时，Project Titan——苹果汽车项目的名称，其历史可以追溯到2014年——将继续吸引投资者，并不时扰乱汽车股。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/the-apple-car-is-back-in-the-news-its-still-a-stretch-51637274185?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":{"AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/the-apple-car-is-back-in-the-news-its-still-a-stretch-51637274185?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186458009","content_text":"A kerfuffle erupted Thursday when Bloomberg reported Apple is accelerating plans for an electric, self-driving car. A battery-powered, autonomous iCar would mean new competition for existing automotive players.\nIt all sounds like a tempest in a teapot. Apple isn’t commenting, and no one know whether Apple would actually make its own car from the ground up or join with an existing car maker. Or when this car might actually hit the market.\nWell, a tempest in a big teapot. After the Bloomberg story hit, shortly after noon, Apple (ticker: AAPL) stock jumped about 2%.Tesla (TSLA) dropped about 2%.Ford Motor (F) dropped 3%.General Motors (GM) shed roughly 2%. The S&P 500 and Dow Jones Industrial Average were relatively stable up about 0.4% and down about 0.2%, respectively.\n“We continue to believe it’s a matter of when, not if, Apple enters the EV race and this will add another $30+ per share of TAM to the Apple growth story over the next few years,” wrote Wedbush analyst Dan Ives in a Thursday note reacting to the story.\nTAM is short for total addressable market. And $30 per Apple share is $500 billion. That’s a lot, even if Apple only got a fraction of this market.\nDetails are thin. Ives, for instance, sees partnerships as most likely where Apple doesn’t build the car itself. And he puts a 60% to 65% change of seeing an Apple car unveiled by 2025.\nThen there is the issue of full self driving. That supposedly would be Apple’s edge when entering the market.\nFully autonomous consumer cars, however, won’t be ready for years.\nWaymo and GM’s Cruise division along with Motional—a joint venture between Hyundai and Aptiv (APTV)–sell a fully self-driving taxi. But the technology used by that trio costs tens of thousands of dollars per car. It only works in commercial vehicles like a taxi.\nBut if Apple is sitting on hidden fully autonomous technology and it doesn’t want to manufacture cars itself, it would be, essentially, a large Aptiv. Aptiv sells safety and power solutions to the auto industry.\nThat makes Apple sounds more like a supplier and less like an auto maker. That isn’t a bad thing. It’s just different from what the stock market assumed on Thursday. If Apple has the hidden tech it could even sell subscriptions to the technology and split the sales with auto maker partners.\nGary Black, managing partner of the Future Fund Active ETF (FFND), is skeptical about an Apple car. “The idea is utter nonsense—there is no edge,” he tells Barron’s. “Brands don’t extend into categories where there is no clear distinctive competence.” He is a Tesla bull, but added that the idea of a Tesla phone is just as silly as an Apple car.\nTime will tell if Black is right. Meanwhile, Project Titan—Apple’s name for the car project that stretches back to 2014—will continue to tantalize investors and upset auto stocks from time to time.","news_type":1,"symbols_score_info":{"AAPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2261,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":879149974,"gmtCreate":1636694773894,"gmtModify":1636694774140,"author":{"id":"3581585065847040","authorId":"3581585065847040","name":"Choonhowe","avatar":"https://static.tigerbbs.com/e205c06eb09cb6cd66cc8713af71f27f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3581585065847040","authorIdStr":"3581585065847040"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/I07.SI\">$ISDN HOLDINGS LIMITED(I07.SI)$</a>Soon","listText":"<a href=\"https://laohu8.com/S/I07.SI\">$ISDN HOLDINGS LIMITED(I07.SI)$</a>Soon","text":"$ISDN HOLDINGS 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15:55","market":"us","language":"en","title":"The Apple Car Is Back in the News. It’s Still a Stretch.<blockquote>苹果汽车又回到了新闻中。还是有点牵强。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1186458009","media":"Barrons","summary":"A kerfuffle erupted Thursday when Bloomberg reported Apple is accelerating plans for an electric, se","content":"<p>A kerfuffle erupted Thursday when Bloomberg reported&nbsp;Apple&nbsp;is accelerating plans for an electric, self-driving car. A battery-powered, autonomous iCar would mean new competition for existing automotive players.</p><p><blockquote>周四，当彭博社报道苹果正在加快电动自动驾驶汽车的计划时，一场混乱爆发了。电池供电的自动驾驶iCar对现有汽车厂商来说意味着新的竞争。</blockquote></p><p> It all sounds like a tempest in a teapot. Apple isn’t commenting, and no one know whether Apple would actually make its own car from the ground up or join with an existing car maker. Or when this car might actually hit the market.</p><p><blockquote>这一切听起来就像茶壶里的暴风雨。苹果没有发表评论，也没有人知道苹果是否真的会从头开始制造自己的汽车或与现有的汽车制造商合作。或者这辆车何时真正上市。</blockquote></p><p> Well, a tempest in a big teapot. After the Bloomberg story hit, shortly after noon, Apple (ticker: AAPL) stock jumped about 2%.Tesla&nbsp;(TSLA) dropped about 2%.Ford Motor&nbsp;(F) dropped 3%.General Motors&nbsp;(GM) shed roughly 2%. The&nbsp;S&amp;P 500&nbsp;and&nbsp;Dow Jones Industrial Average were relatively stable up about 0.4% and down about 0.2%, respectively.</p><p><blockquote>嗯，大茶壶里的暴风雨。彭博社的报道曝光后，中午过后不久，苹果（股票代码：AAPL）股价上涨约2%。特斯拉(TSLA)下跌约2%。福特汽车(F)下跌3%。通用汽车(GM)下跌约2%。标准普尔500指数和道琼斯工业平均指数相对稳定，分别上涨约0.4%和下跌约0.2%。</blockquote></p><p> “We continue to believe it’s a matter of when, not if,&nbsp;Apple&nbsp;enters the EV race and this will add another $30+ per share of TAM to the&nbsp;Apple&nbsp;growth story over the next few years,” wrote Wedbush analyst Dan Ives in a Thursday note reacting to the story.</p><p><blockquote>Wedbush分析师Dan Ives在一份报告中写道：“我们仍然认为，苹果是否加入电动汽车竞赛只是时间问题，而不是是否加入电动汽车竞赛，这将在未来几年为苹果的增长故事增加每股30美元以上的TAM。”周四对这个故事做出反应的笔记。</blockquote></p><p> TAM is short for total addressable market. And $30 per Apple share is $500 billion. That’s a lot, even if Apple only got a fraction of this market.</p><p><blockquote>TAM是总目标市场的缩写。每股苹果股票30美元就是5000亿美元。即使苹果只占据了这个市场的一小部分，这也是很多。</blockquote></p><p> Details are thin. Ives, for instance, sees partnerships as most likely where Apple doesn’t build the car itself. And he puts a 60% to 65% change of seeing an Apple car unveiled by 2025.</p><p><blockquote>细节很单薄。例如，Ives认为，在苹果自己不生产汽车的情况下，最有可能建立合作伙伴关系。他预计，到2025年，苹果汽车的推出将发生60%至65%的变化。</blockquote></p><p> Then there is the issue of full self driving. That supposedly would be Apple’s edge when entering the market.</p><p><blockquote>然后是全自动驾驶的问题。这应该是苹果进入市场时的优势。</blockquote></p><p> Fully autonomous consumer cars, however, won’t be ready for years.</p><p><blockquote>然而，全自动驾驶消费汽车还需要数年时间才能准备好。</blockquote></p><p> Waymo and GM’s Cruise division along with Motional—a joint venture between Hyundai and&nbsp;Aptiv&nbsp;(APTV)–sell a fully self-driving taxi. But the technology used by that trio costs tens of thousands of dollars per car. It only works in commercial vehicles like a taxi.</p><p><blockquote>Waymo和通用汽车的Cruise部门以及现代汽车和Aptiv(APTV)的合资企业Motional销售全自动驾驶出租车。但这三人组使用的技术每辆车的成本高达数万美元。它只适用于出租车等商用车辆。</blockquote></p><p> But if Apple is sitting on hidden fully autonomous technology and it doesn’t want to manufacture cars itself, it would be, essentially, a large Aptiv. Aptiv sells safety and power solutions to the auto industry.</p><p><blockquote>但如果苹果坐拥隐藏的全自动技术并且不想自己制造汽车，那么它本质上就是一家大型安波福公司。Aptiv向汽车行业销售安全和电源解决方案。</blockquote></p><p> That makes Apple sounds more like a supplier and less like an auto maker. That isn’t a bad thing. It’s just different from what the stock market assumed on Thursday. If Apple has the hidden tech it could even sell subscriptions to the technology and split the sales with auto maker partners.</p><p><blockquote>这使得苹果听起来更像是一家供应商，而不是一家汽车制造商。这不是一件坏事。这与周四股市的假设不同。如果苹果拥有隐藏的技术，它甚至可以出售该技术的订阅，并与汽车制造商合作伙伴分享销售额。</blockquote></p><p> Gary Black, managing partner of the&nbsp;Future Fund Active&nbsp;ETF (FFND), is skeptical about an Apple car. “The idea is utter nonsense—there is no edge,” he tells <i>Barron’s</i>. “Brands don’t extend into categories where there is no clear distinctive competence.” He is a Tesla bull, but added that the idea of a Tesla phone is just as silly as an Apple car.</p><p><blockquote>未来基金主动ETF(FFND)的管理合伙人Gary Black对苹果汽车持怀疑态度。“这个想法完全是胡说八道——没有任何优势，”他说<i>巴伦周刊</i>“品牌不会延伸到没有明显独特能力的类别。”他是一个特斯拉公牛，但补充说，特斯拉手机的想法就像苹果汽车一样愚蠢。</blockquote></p><p> Time will tell if Black is right. Meanwhile, Project Titan—Apple’s name for the car project that stretches back to 2014—will continue to tantalize investors and upset auto stocks from time to time.</p><p><blockquote>时间会证明布莱克是否正确。与此同时，Project Titan——苹果汽车项目的名称，其历史可以追溯到2014年——将继续吸引投资者，并不时扰乱汽车股。</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>The Apple Car Is Back in the News. 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It’s Still a Stretch.<blockquote>苹果汽车又回到了新闻中。还是有点牵强。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-11-19 15:55</span>\n</p>\n</h4>\n</header>\n<article>\n<p>A kerfuffle erupted Thursday when Bloomberg reported&nbsp;Apple&nbsp;is accelerating plans for an electric, self-driving car. A battery-powered, autonomous iCar would mean new competition for existing automotive players.</p><p><blockquote>周四，当彭博社报道苹果正在加快电动自动驾驶汽车的计划时，一场混乱爆发了。电池供电的自动驾驶iCar对现有汽车厂商来说意味着新的竞争。</blockquote></p><p> It all sounds like a tempest in a teapot. Apple isn’t commenting, and no one know whether Apple would actually make its own car from the ground up or join with an existing car maker. Or when this car might actually hit the market.</p><p><blockquote>这一切听起来就像茶壶里的暴风雨。苹果没有发表评论，也没有人知道苹果是否真的会从头开始制造自己的汽车或与现有的汽车制造商合作。或者这辆车何时真正上市。</blockquote></p><p> Well, a tempest in a big teapot. After the Bloomberg story hit, shortly after noon, Apple (ticker: AAPL) stock jumped about 2%.Tesla&nbsp;(TSLA) dropped about 2%.Ford Motor&nbsp;(F) dropped 3%.General Motors&nbsp;(GM) shed roughly 2%. The&nbsp;S&amp;P 500&nbsp;and&nbsp;Dow Jones Industrial Average were relatively stable up about 0.4% and down about 0.2%, respectively.</p><p><blockquote>嗯，大茶壶里的暴风雨。彭博社的报道曝光后，中午过后不久，苹果（股票代码：AAPL）股价上涨约2%。特斯拉(TSLA)下跌约2%。福特汽车(F)下跌3%。通用汽车(GM)下跌约2%。标准普尔500指数和道琼斯工业平均指数相对稳定，分别上涨约0.4%和下跌约0.2%。</blockquote></p><p> “We continue to believe it’s a matter of when, not if,&nbsp;Apple&nbsp;enters the EV race and this will add another $30+ per share of TAM to the&nbsp;Apple&nbsp;growth story over the next few years,” wrote Wedbush analyst Dan Ives in a Thursday note reacting to the story.</p><p><blockquote>Wedbush分析师Dan Ives在一份报告中写道：“我们仍然认为，苹果是否加入电动汽车竞赛只是时间问题，而不是是否加入电动汽车竞赛，这将在未来几年为苹果的增长故事增加每股30美元以上的TAM。”周四对这个故事做出反应的笔记。</blockquote></p><p> TAM is short for total addressable market. And $30 per Apple share is $500 billion. That’s a lot, even if Apple only got a fraction of this market.</p><p><blockquote>TAM是总目标市场的缩写。每股苹果股票30美元就是5000亿美元。即使苹果只占据了这个市场的一小部分，这也是很多。</blockquote></p><p> Details are thin. Ives, for instance, sees partnerships as most likely where Apple doesn’t build the car itself. And he puts a 60% to 65% change of seeing an Apple car unveiled by 2025.</p><p><blockquote>细节很单薄。例如，Ives认为，在苹果自己不生产汽车的情况下，最有可能建立合作伙伴关系。他预计，到2025年，苹果汽车的推出将发生60%至65%的变化。</blockquote></p><p> Then there is the issue of full self driving. That supposedly would be Apple’s edge when entering the market.</p><p><blockquote>然后是全自动驾驶的问题。这应该是苹果进入市场时的优势。</blockquote></p><p> Fully autonomous consumer cars, however, won’t be ready for years.</p><p><blockquote>然而，全自动驾驶消费汽车还需要数年时间才能准备好。</blockquote></p><p> Waymo and GM’s Cruise division along with Motional—a joint venture between Hyundai and&nbsp;Aptiv&nbsp;(APTV)–sell a fully self-driving taxi. But the technology used by that trio costs tens of thousands of dollars per car. It only works in commercial vehicles like a taxi.</p><p><blockquote>Waymo和通用汽车的Cruise部门以及现代汽车和Aptiv(APTV)的合资企业Motional销售全自动驾驶出租车。但这三人组使用的技术每辆车的成本高达数万美元。它只适用于出租车等商用车辆。</blockquote></p><p> But if Apple is sitting on hidden fully autonomous technology and it doesn’t want to manufacture cars itself, it would be, essentially, a large Aptiv. Aptiv sells safety and power solutions to the auto industry.</p><p><blockquote>但如果苹果坐拥隐藏的全自动技术并且不想自己制造汽车，那么它本质上就是一家大型安波福公司。Aptiv向汽车行业销售安全和电源解决方案。</blockquote></p><p> That makes Apple sounds more like a supplier and less like an auto maker. That isn’t a bad thing. It’s just different from what the stock market assumed on Thursday. If Apple has the hidden tech it could even sell subscriptions to the technology and split the sales with auto maker partners.</p><p><blockquote>这使得苹果听起来更像是一家供应商，而不是一家汽车制造商。这不是一件坏事。这与周四股市的假设不同。如果苹果拥有隐藏的技术，它甚至可以出售该技术的订阅，并与汽车制造商合作伙伴分享销售额。</blockquote></p><p> Gary Black, managing partner of the&nbsp;Future Fund Active&nbsp;ETF (FFND), is skeptical about an Apple car. “The idea is utter nonsense—there is no edge,” he tells <i>Barron’s</i>. “Brands don’t extend into categories where there is no clear distinctive competence.” He is a Tesla bull, but added that the idea of a Tesla phone is just as silly as an Apple car.</p><p><blockquote>未来基金主动ETF(FFND)的管理合伙人Gary Black对苹果汽车持怀疑态度。“这个想法完全是胡说八道——没有任何优势，”他说<i>巴伦周刊</i>“品牌不会延伸到没有明显独特能力的类别。”他是一个特斯拉公牛，但补充说，特斯拉手机的想法就像苹果汽车一样愚蠢。</blockquote></p><p> Time will tell if Black is right. Meanwhile, Project Titan—Apple’s name for the car project that stretches back to 2014—will continue to tantalize investors and upset auto stocks from time to time.</p><p><blockquote>时间会证明布莱克是否正确。与此同时，Project Titan——苹果汽车项目的名称，其历史可以追溯到2014年——将继续吸引投资者，并不时扰乱汽车股。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/the-apple-car-is-back-in-the-news-its-still-a-stretch-51637274185?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":{"AAPL":"苹果"},"source_url":"https://www.barrons.com/articles/the-apple-car-is-back-in-the-news-its-still-a-stretch-51637274185?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1186458009","content_text":"A kerfuffle erupted Thursday when Bloomberg reported Apple is accelerating plans for an electric, self-driving car. A battery-powered, autonomous iCar would mean new competition for existing automotive players.\nIt all sounds like a tempest in a teapot. Apple isn’t commenting, and no one know whether Apple would actually make its own car from the ground up or join with an existing car maker. Or when this car might actually hit the market.\nWell, a tempest in a big teapot. After the Bloomberg story hit, shortly after noon, Apple (ticker: AAPL) stock jumped about 2%.Tesla (TSLA) dropped about 2%.Ford Motor (F) dropped 3%.General Motors (GM) shed roughly 2%. The S&P 500 and Dow Jones Industrial Average were relatively stable up about 0.4% and down about 0.2%, respectively.\n“We continue to believe it’s a matter of when, not if, Apple enters the EV race and this will add another $30+ per share of TAM to the Apple growth story over the next few years,” wrote Wedbush analyst Dan Ives in a Thursday note reacting to the story.\nTAM is short for total addressable market. And $30 per Apple share is $500 billion. That’s a lot, even if Apple only got a fraction of this market.\nDetails are thin. Ives, for instance, sees partnerships as most likely where Apple doesn’t build the car itself. And he puts a 60% to 65% change of seeing an Apple car unveiled by 2025.\nThen there is the issue of full self driving. That supposedly would be Apple’s edge when entering the market.\nFully autonomous consumer cars, however, won’t be ready for years.\nWaymo and GM’s Cruise division along with Motional—a joint venture between Hyundai and Aptiv (APTV)–sell a fully self-driving taxi. But the technology used by that trio costs tens of thousands of dollars per car. It only works in commercial vehicles like a taxi.\nBut if Apple is sitting on hidden fully autonomous technology and it doesn’t want to manufacture cars itself, it would be, essentially, a large Aptiv. Aptiv sells safety and power solutions to the auto industry.\nThat makes Apple sounds more like a supplier and less like an auto maker. That isn’t a bad thing. It’s just different from what the stock market assumed on Thursday. If Apple has the hidden tech it could even sell subscriptions to the technology and split the sales with auto maker partners.\nGary Black, managing partner of the Future Fund Active ETF (FFND), is skeptical about an Apple car. “The idea is utter nonsense—there is no edge,” he tells Barron’s. “Brands don’t extend into categories where there is no clear distinctive competence.” He is a Tesla bull, but added that the idea of a Tesla phone is just as silly as an Apple car.\nTime will tell if Black is right. Meanwhile, Project Titan—Apple’s name for the car project that stretches back to 2014—will continue to tantalize investors and upset auto stocks from time to 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15:49","market":"us","language":"en","title":"The Stock Market Had a Great First Half. 3 Things That Could Cause it to Crash.<blockquote>股市上半年表现出色。可能导致它崩溃的三件事。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1126312436","media":"Barrons","summary":"Stocks have soared relentlessly this year. Several factors, however, have the potential to end the p","content":"<p>Stocks have soared relentlessly this year. Several factors, however, have the potential to end the party.</p><p><blockquote>今年股市无情飙升。然而，有几个因素有可能终结这场派对。</blockquote></p><p> The S&amp;P 500 has had its second-best first half of a year since 1998, and it hasn’t shown many signs of letting up. The index ended June up 14.4% year to date, hitting several records during the month and posting another record close on Thursday.</p><p><blockquote>标普500上半年的表现是自1998年以来第二好的，而且没有表现出太多放缓的迹象。截至6月底，该指数今年迄今已上涨14.4%，当月创下多项纪录，并于周四创下另一项收盘纪录。</blockquote></p><p> Yet there are a couple key risks that could turn all of that around, according to Nick Colas, co-founder of DataTrek.</p><p><blockquote>然而，DataTrek联合创始人尼克·科拉斯(Nick Colas)表示，有几个关键风险可能会扭转这一切。</blockquote></p><p> First, there’s the possibility of an oil price shock, as the price of crude has shown little sign of cooling off. WTI crude oil is up 56% year to date and notched a&nbsp;new multi-year high&nbsp;Thursday—even amid growing&nbsp;expectations that OPEC will increase supply. If oil prices run hot enough, that could raise inflation to a level that—if sustained — could cause consumer demand to fall and that could surpass Federal Reserve expectations.</p><p><blockquote>首先，油价可能会出现冲击，因为原油价格几乎没有降温的迹象。WTI原油今年迄今已上涨56%，并于周四创下多年新高——尽管人们越来越预期OPEC将增加供应。如果油价足够高，通胀可能会上升到一个水平，如果持续下去，可能会导致消费者需求下降，并可能超出美联储的预期。</blockquote></p><p> “Suddenly higher oil prices” is atop the list of stock market concerns for Colas. “Rapidly rising oil prices will cause U.S. inflation to overshoot the Fed’s desired outcome and also stress the American consumer.”</p><p><blockquote>“油价突然上涨”是Colas股市担忧的首要问题。“油价快速上涨将导致美国通胀超出美联储预期结果，也给美国消费者带来压力。”</blockquote></p><p> Both those things could dent the stock market, which has long benefited from the Fed’s accommodative monetary policy, especially if the Fed signals that interest-rate increases could come sooner than expected.</p><p><blockquote>这两件事都可能削弱股市，股市长期以来一直受益于美联储的宽松货币政策，特别是如果美联储暗示加息可能比预期更早到来的话。</blockquote></p><p> That means the Fed will need to tread carefully when discussing rates to avoid spooking the market, Colas says.</p><p><blockquote>科拉斯表示，这意味着美联储在讨论利率时需要谨慎行事，以避免惊吓市场。</blockquote></p><p> “Federal Reserve miscommunication about upcoming policy changes and/or raising interest rates too aggressively” is a second risk, Colas says. For instance, the S&amp;P 500&nbsp;dived 18% over roughly three months in late 2018 as the Fed raised rates, despite the market’s hope at that time for rates to stay put.</p><p><blockquote>科拉斯表示，“美联储对即将到来的政策变化和/或过于激进地加息的沟通不畅”是第二个风险。例如，2018年底，随着美联储加息，标普500在大约三个月内暴跌18%，尽管当时市场希望利率保持不变。</blockquote></p><p> Peaking earnings growth is the other threat to stocks, Colas says. Earnings growth for the average S&amp;P 500 company is expected slow down to 11% in 2022 from 36% in 2021, according to FactSet, as the economy normalizes and the postpandemic recovery eases. But on average, S&amp;P 500 stocks trade at 21.5 times expected earnings for the next 12 months, still above the index’s pre-pandemic multiple. At some point, stocks valuations will need to better reflect the expected decline in earnings growth, which would mean falling stock prices.</p><p><blockquote>科拉斯表示，盈利增长见顶是股市面临的另一个威胁。FactSet的数据显示，随着经济正常化和疫情后复苏放缓，标普500公司的平均盈利增长预计将从2021年的36%放缓至2022年的11%。但平均而言，标普500股市未来12个月预期市盈率为21.5倍，仍高于该指数大流行前的市盈率。在某些时候，股票估值需要更好地反映盈利增长的预期下降，这将意味着股价下跌。</blockquote></p><p> “Valuations are high enough currently that peaking earnings could be a larger risk than before,” Colas writes.</p><p><blockquote>科拉斯写道：“目前估值足够高，盈利见顶可能比以前面临更大的风险。”</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>The Stock Market Had a Great First Half. 3 Things That Could Cause it to Crash.<blockquote>股市上半年表现出色。可能导致它崩溃的三件事。</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\">\nThe Stock Market Had a Great First Half. 3 Things That Could Cause it to Crash.<blockquote>股市上半年表现出色。可能导致它崩溃的三件事。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-07-02 15:49</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Stocks have soared relentlessly this year. Several factors, however, have the potential to end the party.</p><p><blockquote>今年股市无情飙升。然而，有几个因素有可能终结这场派对。</blockquote></p><p> The S&amp;P 500 has had its second-best first half of a year since 1998, and it hasn’t shown many signs of letting up. The index ended June up 14.4% year to date, hitting several records during the month and posting another record close on Thursday.</p><p><blockquote>标普500上半年的表现是自1998年以来第二好的，而且没有表现出太多放缓的迹象。截至6月底，该指数今年迄今已上涨14.4%，当月创下多项纪录，并于周四创下另一项收盘纪录。</blockquote></p><p> Yet there are a couple key risks that could turn all of that around, according to Nick Colas, co-founder of DataTrek.</p><p><blockquote>然而，DataTrek联合创始人尼克·科拉斯(Nick Colas)表示，有几个关键风险可能会扭转这一切。</blockquote></p><p> First, there’s the possibility of an oil price shock, as the price of crude has shown little sign of cooling off. WTI crude oil is up 56% year to date and notched a&nbsp;new multi-year high&nbsp;Thursday—even amid growing&nbsp;expectations that OPEC will increase supply. If oil prices run hot enough, that could raise inflation to a level that—if sustained — could cause consumer demand to fall and that could surpass Federal Reserve expectations.</p><p><blockquote>首先，油价可能会出现冲击，因为原油价格几乎没有降温的迹象。WTI原油今年迄今已上涨56%，并于周四创下多年新高——尽管人们越来越预期OPEC将增加供应。如果油价足够高，通胀可能会上升到一个水平，如果持续下去，可能会导致消费者需求下降，并可能超出美联储的预期。</blockquote></p><p> “Suddenly higher oil prices” is atop the list of stock market concerns for Colas. “Rapidly rising oil prices will cause U.S. inflation to overshoot the Fed’s desired outcome and also stress the American consumer.”</p><p><blockquote>“油价突然上涨”是Colas股市担忧的首要问题。“油价快速上涨将导致美国通胀超出美联储预期结果，也给美国消费者带来压力。”</blockquote></p><p> Both those things could dent the stock market, which has long benefited from the Fed’s accommodative monetary policy, especially if the Fed signals that interest-rate increases could come sooner than expected.</p><p><blockquote>这两件事都可能削弱股市，股市长期以来一直受益于美联储的宽松货币政策，特别是如果美联储暗示加息可能比预期更早到来的话。</blockquote></p><p> That means the Fed will need to tread carefully when discussing rates to avoid spooking the market, Colas says.</p><p><blockquote>科拉斯表示，这意味着美联储在讨论利率时需要谨慎行事，以避免惊吓市场。</blockquote></p><p> “Federal Reserve miscommunication about upcoming policy changes and/or raising interest rates too aggressively” is a second risk, Colas says. For instance, the S&amp;P 500&nbsp;dived 18% over roughly three months in late 2018 as the Fed raised rates, despite the market’s hope at that time for rates to stay put.</p><p><blockquote>科拉斯表示，“美联储对即将到来的政策变化和/或过于激进地加息的沟通不畅”是第二个风险。例如，2018年底，随着美联储加息，标普500在大约三个月内暴跌18%，尽管当时市场希望利率保持不变。</blockquote></p><p> Peaking earnings growth is the other threat to stocks, Colas says. Earnings growth for the average S&amp;P 500 company is expected slow down to 11% in 2022 from 36% in 2021, according to FactSet, as the economy normalizes and the postpandemic recovery eases. But on average, S&amp;P 500 stocks trade at 21.5 times expected earnings for the next 12 months, still above the index’s pre-pandemic multiple. At some point, stocks valuations will need to better reflect the expected decline in earnings growth, which would mean falling stock prices.</p><p><blockquote>科拉斯表示，盈利增长见顶是股市面临的另一个威胁。FactSet的数据显示，随着经济正常化和疫情后复苏放缓，标普500公司的平均盈利增长预计将从2021年的36%放缓至2022年的11%。但平均而言，标普500股市未来12个月预期市盈率为21.5倍，仍高于该指数大流行前的市盈率。在某些时候，股票估值需要更好地反映盈利增长的预期下降，这将意味着股价下跌。</blockquote></p><p> “Valuations are high enough currently that peaking earnings could be a larger risk than before,” Colas writes.</p><p><blockquote>科拉斯写道：“目前估值足够高，盈利见顶可能比以前面临更大的风险。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/stock-market-crash-risks-51625174065\">Barrons</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"source_url":"https://www.barrons.com/articles/stock-market-crash-risks-51625174065","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1126312436","content_text":"Stocks have soared relentlessly this year. Several factors, however, have the potential to end the party.\nThe S&P 500 has had its second-best first half of a year since 1998, and it hasn’t shown many signs of letting up. The index ended June up 14.4% year to date, hitting several records during the month and posting another record close on Thursday.\nYet there are a couple key risks that could turn all of that around, according to Nick Colas, co-founder of DataTrek.\nFirst, there’s the possibility of an oil price shock, as the price of crude has shown little sign of cooling off. WTI crude oil is up 56% year to date and notched a new multi-year high Thursday—even amid growing expectations that OPEC will increase supply. If oil prices run hot enough, that could raise inflation to a level that—if sustained — could cause consumer demand to fall and that could surpass Federal Reserve expectations.\n“Suddenly higher oil prices” is atop the list of stock market concerns for Colas. “Rapidly rising oil prices will cause U.S. inflation to overshoot the Fed’s desired outcome and also stress the American consumer.”\nBoth those things could dent the stock market, which has long benefited from the Fed’s accommodative monetary policy, especially if the Fed signals that interest-rate increases could come sooner than expected.\nThat means the Fed will need to tread carefully when discussing rates to avoid spooking the market, Colas says.\n“Federal Reserve miscommunication about upcoming policy changes and/or raising interest rates too aggressively” is a second risk, Colas says. For instance, the S&P 500 dived 18% over roughly three months in late 2018 as the Fed raised rates, despite the market’s hope at that time for rates to stay put.\nPeaking earnings growth is the other threat to stocks, Colas says. Earnings growth for the average S&P 500 company is expected slow down to 11% in 2022 from 36% in 2021, according to FactSet, as the economy normalizes and the postpandemic recovery eases. But on average, S&P 500 stocks trade at 21.5 times expected earnings for the next 12 months, still above the index’s pre-pandemic multiple. At some point, stocks valuations will need to better reflect the expected decline in earnings growth, which would mean falling stock prices.\n“Valuations are high enough currently that peaking earnings could be a larger risk than before,” Colas 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is expecting losses&nbsp;","listText":"Singtel is expecting losses&nbsp;","text":"Singtel is expecting losses","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/198254473","isVote":1,"tweetType":1,"viewCount":1044,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":844621491,"gmtCreate":1636423482492,"gmtModify":1636423482839,"author":{"id":"3581585065847040","authorId":"3581585065847040","name":"Choonhowe","avatar":"https://static.tigerbbs.com/e205c06eb09cb6cd66cc8713af71f27f","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3581585065847040","idStr":"3581585065847040"},"themes":[],"htmlText":"<a href=\"https://laohu8.com/S/C8R.SI\">$JIUTIAN CHEMICAL GROUP LIMITED(C8R.SI)$</a>Slowly&nbsp;","listText":"<a href=\"https://laohu8.com/S/C8R.SI\">$JIUTIAN CHEMICAL GROUP LIMITED(C8R.SI)$</a>Slowly&nbsp;","text":"$JIUTIAN CHEMICAL 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