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EmmaS

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2022-07-27

goode

Crypto Stocks Jumped in Morning Trading<blockquote>加密货币股票早盘上涨</blockquote>

2022-06-06

great

抱歉，原内容已删除

2022-05-31

good

抱歉，原内容已删除

2022-05-31

great news!

Global Stocks Rise as China Signals Stimulus for Shanghai<blockquote>中国向上海发出刺激信号，全球股市上涨</blockquote>

2022-04-07

Hey

Some Oil Stocks Gained in Premarket Trading<blockquote>一些石油股在盘前交易中上涨</blockquote>

2022-01-08

ok!

抱歉，原内容已删除

2021-07-23

reason?

Bilibili fell over 5% in morning trading<blockquote>哔哩哔哩早盘跌超5%</blockquote>

2021-07-23

pretend pretend pretend

Biden Downplays Inflation, Predicts Businesses Will Be In 'Bind' Over Labor Shortages, Then Has Brain Freeze<blockquote>拜登淡化通胀，预测企业将因劳动力短缺而“陷入困境”，然后大脑冻结</blockquote>

2021-07-18

president revealed the truth!

抱歉，原内容已删除

2021-07-11

Would anyone do?

PepsiCo Reports Earnings Next Week. Buy the Stock Now, Analyst Says.<blockquote>百事公司下周公布财报。分析师表示，立即购买该股票。</blockquote>

2021-07-08

what about the Olympics???

抱歉，原内容已删除

2021-06-30

Umm... what's the main business of this company?

Bed Bath & Beyond Is Set to Report Earnings on Wednesday. What to Know.<blockquote>Bed Bath&Beyond将于周三公布收益。知道什么。</blockquote>

2021-06-27

Answer: I think so

抱歉，原内容已删除

2021-06-19

Good review

2021-06-17

Anyone bought Netflix??

抱歉，原内容已删除

2021-06-16

OK great!

Federal Reserve to announce policy decision at 2 pm ET<blockquote>美联储将于美国东部时间下午2点宣布政策决定</blockquote>

2021-06-16

hello world

Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境：周五2万亿美元伽马到期将如何影响市场</blockquote>

2021-06-16

Michael is a billionaire what are we?

Michael "Big Short" Burry: This Is The Greatest Bubble Of All Time In All Things "By Two Orders Of Magnitude"<blockquote>“大空头”迈克尔·伯里：这是有史以来最大的泡沫，“高出两个数量级”</blockquote>

2021-06-16

Comment please :)

Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境：周五2万亿美元伽马到期将如何影响市场</blockquote>

2021-06-16

OK!

抱歉，原内容已删除

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referrerpolicy=\"no-referrer\"/></p><p><blockquote><html><head></head><body>加密货币股票在早盘交易中上涨。Coinbase、Riot区块链、PayPal、Marathon Digital、BIT Mining、Bit Digital、亿邦国际和Block涨幅在1%至11%之间。</body></html></blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Crypto Stocks Jumped in Morning Trading<blockquote>加密货币股票早盘上涨</blockquote></title>\n<style 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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\">\nCrypto Stocks Jumped in Morning Trading<blockquote>加密货币股票早盘上涨</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\">2022-07-27 21:55</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Crypto stocks jumped in morning trading. Coinbase, Riot Blockchain, PayPal, Marathon Digital, BIT Mining, Bit Digital, Ebang International and Block rose between 1% and 11%.<img src=\"https://static.tigerbbs.com/3a2b951346a062fb67302c4038b48f52\" tg-width=\"299\" tg-height=\"486\" referrerpolicy=\"no-referrer\"/></p><p><blockquote><html><head></head><body>加密货币股票在早盘交易中上涨。Coinbase、Riot区块链、PayPal、Marathon Digital、BIT Mining、Bit Digital、亿邦国际和Block涨幅在1%至11%之间。</body></html></blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MARA":"MARA Holdings","COIN":"Coinbase Global, Inc.","PYPL":"PayPal"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102481365","content_text":"Crypto stocks jumped in morning trading. Coinbase, Riot Blockchain, PayPal, Marathon Digital, BIT Mining, Bit Digital, Ebang International and Block rose between 1% and 11%.","news_type":1,"symbols_score_info":{"COIN":0.9,"MARA":0.9,"PYPL":0.9}},"isVote":1,"tweetType":1,"viewCount":2899,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":617220259,"gmtCreate":1654458448775,"gmtModify":1704859413781,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586198471249922","authorIdStr":"3586198471249922"},"themes":[],"htmlText":"great","listText":"great","text":"great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/617220259","repostId":"2240759268","repostType":4,"isVote":1,"tweetType":1,"viewCount":2399,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":617010356,"gmtCreate":1653948583877,"gmtModify":1704858331419,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586198471249922","authorIdStr":"3586198471249922"},"themes":[],"htmlText":"good","listText":"good","text":"good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/617010356","repostId":"2239818631","repostType":4,"isVote":1,"tweetType":1,"viewCount":2819,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":617010926,"gmtCreate":1653948535767,"gmtModify":1704858331248,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586198471249922","authorIdStr":"3586198471249922"},"themes":[],"htmlText":"great news!","listText":"great news!","text":"great news!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/617010926","repostId":"1175740874","repostType":4,"repost":{"id":"1175740874","kind":"news","pubTimestamp":1653905962,"share":"https://www.laohu8.com/m/news/1175740874?lang=zh_CN&edition=full","pubTime":"2022-05-30 18:19","market":"fut","language":"en","title":"Global Stocks Rise as China Signals Stimulus for Shanghai<blockquote>中国向上海发出刺激信号，全球股市上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1175740874","media":"The Wall Street Journal","summary":"U.S. stock and bond markets are closed Monday for the Memorial Day holidayInternational stocks rose ","content":"<p><html><head></head><body>U.S. stock and bond markets are closed Monday for the Memorial Day holiday</p><p><blockquote><html><head></head><body>美国股市和债市周一因阵亡将士纪念日假期休市</body></html></blockquote></p><p><img src=\"https://static.tigerbbs.com/d358b2a59146fa6730809fb0db7c9b60\" tg-width=\"1182\" tg-height=\"757\" width=\"100%\" height=\"auto\"/></p><p><blockquote></blockquote></p><p>International stocks rose Monday, extending a rally that has pared some of this year’s losses, while U.S. markets were set to stay closed for the Memorial Day holiday.</p><p><blockquote>国际股市周一上涨，延续了今年部分跌幅的涨势，而美国市场将因阵亡将士纪念日假期休市。</blockquote></p><p>The Stoxx Europe 600 rose 0.8%, led by shares of technology and luxury-goods firms. London’s FTSE 100 edged up 0.2% and Germany’s DAX climbed 0.8%.</p><p><blockquote>欧洲斯托克600指数上涨0.8%，科技股和奢侈品股领涨。伦敦富时100指数小幅上涨0.2%，德国DAX指数上涨0.8%。</blockquote></p><p>In Asia, the Shanghai Composite Index added 0.6% and Hong Kong’s Hang Seng jumped 2.1%, powered by the relaxation of some Covid-19 curbs in China. Shanghai’s Vice Mayor Wu Qing said over the weekend that the authorities will loosen the conditions under which companies are able to resume work this week, and the city’s government laid out a 50-point plan for accelerating the economic recovery. The measures include tax cuts for businesses and subsidies for purchases of electric vehicles, the official Xinhua News Agency said.</p><p><blockquote>在亚洲，由于中国放松了一些Covid-19限制措施，上证综合指数上涨0.6%，香港恒生指数上涨2.1%。上海市副市长吴清周末表示，当局将在本周放宽企业复工的条件，市政府制定了加速经济复苏的50点计划。官方新华社称，这些措施包括为企业减税和为购买电动汽车提供补贴。</blockquote></p><p>Futures for the S&amp;P 500 gained 1.1%. The U.S. stock market is due to reopen Tuesday, as is the Treasury market. Yields on government bonds retreated from their 2022 highs in the run-up to Friday’s close, helping lift stocks after a weekslong drubbing. The S&amp;P 500 snapped a seven-week losing streak Friday and posted its biggest weekly gain since November.</p><p><blockquote>标普500期货上涨1.1%。美国股市和美国国债市场将于周二重新开放。周五收盘前，政府债券收益率从2022年高点回落，帮助股市在经历了一周的重挫后上涨。标普500周五结束了连续七周的下跌，并创下自11月以来的最大单周涨幅。</blockquote></p><p>Also driving the rally were data showing that U.S. consumers have kept boosting spending, and the expected easing of lockdowns in China that had slowed the world’s second biggest economy. Technical factors including the unwinding of short positions, or bets against the market, have helped stocks bounce back too, investors say.</p><p><blockquote>推动股市上涨的还有数据显示美国消费者持续增加支出，以及中国放松封锁的预期，这导致世界第二大经济体放缓。投资者表示，包括空头头寸平仓或做空市场押注在内的技术因素也帮助股市反弹。</blockquote></p><p>Still, some money managers caution that the pickup in stocks and bond prices may be a short-lived blip in a longer-running retreat. They say most of the factors that have contributed to this year’s losses—the war in Ukraine, higher interest rates set by the Federal Reserve and a slowing economy—are still in place.</p><p><blockquote>尽管如此，一些基金经理警告说，股票和债券价格的回升可能只是长期下跌中的短暂现象。他们表示，导致今年损失的大多数因素——乌克兰战争、美联储设定的更高利率和经济放缓——仍然存在。</blockquote></p><p>“We are about to see a bear-market rally—or are in the midst of it,” said Daniel Egger, chief investment officer at St. Gotthard Fund Management.</p><p><blockquote>圣哥达基金管理公司首席投资官丹尼尔·埃格表示：“我们即将看到熊市反弹，或者正处于熊市反弹之中。”</blockquote></p><p>Mr. Egger said yields will begin to rise again and that forecasts for corporate earnings are too high, while profit margins are under pressure from high commodity prices. “This doesn’t bode well for stocks,” he said.</p><p><blockquote>艾格表示，收益率将再次开始上升，对企业盈利的预测过高，而利润率受到大宗商品价格高企的压力。“这对股市来说不是好兆头，”他说。</blockquote></p><p>Shares of European luxury-goods companies that have tapped into Chinese demand benefited from the prospect of lighter-touch lockdowns. Hermès International gained 4.7% and Compagnie Financière Richemont rose 5%.L’Oréal,the French personal-care company, gained 3.5% and LVMH Moët Hennessy Louis Vuitton added 3.9%.</p><p><blockquote>利用中国需求的欧洲奢侈品公司的股价受益于放松封锁的前景。Hermès International上涨4.7%，Compagnie Financière Richemont上涨5%。法国个人护理公司欧莱雅上涨3.5%，LVMH Moët Hennessy Louis Vuitton上涨3.9%。</blockquote></p><p>Siemens,meanwhile, rose 3.2% after the German conglomerate said it had signed the largest order in its history with a contract for Egypt’s high-speed rail system worth as much as 8.1 billion euros, or $8.7 billion.</p><p><blockquote>与此同时，西门子股价上涨3.2%，此前这家德国企业集团表示，已签署了其历史上最大的订单，价值高达81亿欧元（约合87亿美元）的埃及高铁系统合同。</blockquote></p><p>In commodity markets, benchmark Brent-crude futures rose 0.5% to $116.18 a barrel and touched their highest level in more than two months. Leaders of European Union members are due to meet Monday and Tuesday, after diplomats over the weekend failed to strike a deal on sanctions that would limit imports of Russian oil.</p><p><blockquote>大宗商品市场方面，基准布伦特原油期货上涨0.5%，至每桶116.18美元，触及两个多月来的最高水平。欧盟成员国领导人定于周一和周二举行会议，此前外交官们周末未能就限制俄罗斯石油进口的制裁达成协议。</blockquote></p><p>In China, companies that serve Chinese consumers registered some of the largest advances. Hot-pot restaurant chain Haidilao International Holding Ltd., brewer China Resources Beer (Holdings) Co. and sportswear company Li Ning Co. Ltd., surged between 8.2% and 11% in Hong Kong.</p><p><blockquote>在中国，为中国消费者提供服务的公司取得了一些最大的进步。火锅连锁店海底捞国际控股有限公司、啤酒制造商华润啤酒（控股）有限公司和运动服装公司李宁有限公司在香港飙升8.2%至11%。</blockquote></p><p>Chinese internet stocks built on a rally from late last week, as the Hang Seng Tech Index rose 3.9%. The food-delivery giant Meituan jumped 6.8%. Chinese e-commerce platform Pinduoduo Inc., whose stock trades in the U.S., on Friday reported better-than-expected quarterly profit and revenue, after similarly strong results from Alibaba Group Holding Ltd. and Baidu Inc.</p><p><blockquote>中国互联网股延续上周晚些时候的涨势，恒生科技指数上涨3.9%。食品配送巨头美团-W上涨6.8%。在美国交易的中国电子商务平台拼多多周五公布了好于预期的季度利润和收入，此前阿里巴巴-SW集团控股有限公司和百度公司也取得了类似的强劲业绩。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Global Stocks Rise as China Signals Stimulus for Shanghai<blockquote>中国向上海发出刺激信号，全球股市上涨</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\">\nGlobal Stocks Rise as China Signals Stimulus for Shanghai<blockquote>中国向上海发出刺激信号，全球股市上涨</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">The Wall Street Journal</strong><span class=\"h-time small\">2022-05-30 18:19</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>U.S. stock and bond markets are closed Monday for the Memorial Day holiday</p><p><blockquote><html><head></head><body>美国股市和债市周一因阵亡将士纪念日假期休市</body></html></blockquote></p><p><img src=\"https://static.tigerbbs.com/d358b2a59146fa6730809fb0db7c9b60\" tg-width=\"1182\" tg-height=\"757\" width=\"100%\" height=\"auto\"/></p><p><blockquote></blockquote></p><p>International stocks rose Monday, extending a rally that has pared some of this year’s losses, while U.S. markets were set to stay closed for the Memorial Day holiday.</p><p><blockquote>国际股市周一上涨，延续了今年部分跌幅的涨势，而美国市场将因阵亡将士纪念日假期休市。</blockquote></p><p>The Stoxx Europe 600 rose 0.8%, led by shares of technology and luxury-goods firms. London’s FTSE 100 edged up 0.2% and Germany’s DAX climbed 0.8%.</p><p><blockquote>欧洲斯托克600指数上涨0.8%，科技股和奢侈品股领涨。伦敦富时100指数小幅上涨0.2%，德国DAX指数上涨0.8%。</blockquote></p><p>In Asia, the Shanghai Composite Index added 0.6% and Hong Kong’s Hang Seng jumped 2.1%, powered by the relaxation of some Covid-19 curbs in China. Shanghai’s Vice Mayor Wu Qing said over the weekend that the authorities will loosen the conditions under which companies are able to resume work this week, and the city’s government laid out a 50-point plan for accelerating the economic recovery. The measures include tax cuts for businesses and subsidies for purchases of electric vehicles, the official Xinhua News Agency said.</p><p><blockquote>在亚洲，由于中国放松了一些Covid-19限制措施，上证综合指数上涨0.6%，香港恒生指数上涨2.1%。上海市副市长吴清周末表示，当局将在本周放宽企业复工的条件，市政府制定了加速经济复苏的50点计划。官方新华社称，这些措施包括为企业减税和为购买电动汽车提供补贴。</blockquote></p><p>Futures for the S&amp;P 500 gained 1.1%. The U.S. stock market is due to reopen Tuesday, as is the Treasury market. Yields on government bonds retreated from their 2022 highs in the run-up to Friday’s close, helping lift stocks after a weekslong drubbing. The S&amp;P 500 snapped a seven-week losing streak Friday and posted its biggest weekly gain since November.</p><p><blockquote>标普500期货上涨1.1%。美国股市和美国国债市场将于周二重新开放。周五收盘前，政府债券收益率从2022年高点回落，帮助股市在经历了一周的重挫后上涨。标普500周五结束了连续七周的下跌，并创下自11月以来的最大单周涨幅。</blockquote></p><p>Also driving the rally were data showing that U.S. consumers have kept boosting spending, and the expected easing of lockdowns in China that had slowed the world’s second biggest economy. Technical factors including the unwinding of short positions, or bets against the market, have helped stocks bounce back too, investors say.</p><p><blockquote>推动股市上涨的还有数据显示美国消费者持续增加支出，以及中国放松封锁的预期，这导致世界第二大经济体放缓。投资者表示，包括空头头寸平仓或做空市场押注在内的技术因素也帮助股市反弹。</blockquote></p><p>Still, some money managers caution that the pickup in stocks and bond prices may be a short-lived blip in a longer-running retreat. They say most of the factors that have contributed to this year’s losses—the war in Ukraine, higher interest rates set by the Federal Reserve and a slowing economy—are still in place.</p><p><blockquote>尽管如此，一些基金经理警告说，股票和债券价格的回升可能只是长期下跌中的短暂现象。他们表示，导致今年损失的大多数因素——乌克兰战争、美联储设定的更高利率和经济放缓——仍然存在。</blockquote></p><p>“We are about to see a bear-market rally—or are in the midst of it,” said Daniel Egger, chief investment officer at St. Gotthard Fund Management.</p><p><blockquote>圣哥达基金管理公司首席投资官丹尼尔·埃格表示：“我们即将看到熊市反弹，或者正处于熊市反弹之中。”</blockquote></p><p>Mr. Egger said yields will begin to rise again and that forecasts for corporate earnings are too high, while profit margins are under pressure from high commodity prices. “This doesn’t bode well for stocks,” he said.</p><p><blockquote>艾格表示，收益率将再次开始上升，对企业盈利的预测过高，而利润率受到大宗商品价格高企的压力。“这对股市来说不是好兆头，”他说。</blockquote></p><p>Shares of European luxury-goods companies that have tapped into Chinese demand benefited from the prospect of lighter-touch lockdowns. Hermès International gained 4.7% and Compagnie Financière Richemont rose 5%.L’Oréal,the French personal-care company, gained 3.5% and LVMH Moët Hennessy Louis Vuitton added 3.9%.</p><p><blockquote>利用中国需求的欧洲奢侈品公司的股价受益于放松封锁的前景。Hermès International上涨4.7%，Compagnie Financière Richemont上涨5%。法国个人护理公司欧莱雅上涨3.5%，LVMH Moët Hennessy Louis Vuitton上涨3.9%。</blockquote></p><p>Siemens,meanwhile, rose 3.2% after the German conglomerate said it had signed the largest order in its history with a contract for Egypt’s high-speed rail system worth as much as 8.1 billion euros, or $8.7 billion.</p><p><blockquote>与此同时，西门子股价上涨3.2%，此前这家德国企业集团表示，已签署了其历史上最大的订单，价值高达81亿欧元（约合87亿美元）的埃及高铁系统合同。</blockquote></p><p>In commodity markets, benchmark Brent-crude futures rose 0.5% to $116.18 a barrel and touched their highest level in more than two months. Leaders of European Union members are due to meet Monday and Tuesday, after diplomats over the weekend failed to strike a deal on sanctions that would limit imports of Russian oil.</p><p><blockquote>大宗商品市场方面，基准布伦特原油期货上涨0.5%，至每桶116.18美元，触及两个多月来的最高水平。欧盟成员国领导人定于周一和周二举行会议，此前外交官们周末未能就限制俄罗斯石油进口的制裁达成协议。</blockquote></p><p>In China, companies that serve Chinese consumers registered some of the largest advances. Hot-pot restaurant chain Haidilao International Holding Ltd., brewer China Resources Beer (Holdings) Co. and sportswear company Li Ning Co. Ltd., surged between 8.2% and 11% in Hong Kong.</p><p><blockquote>在中国，为中国消费者提供服务的公司取得了一些最大的进步。火锅连锁店海底捞国际控股有限公司、啤酒制造商华润啤酒（控股）有限公司和运动服装公司李宁有限公司在香港飙升8.2%至11%。</blockquote></p><p>Chinese internet stocks built on a rally from late last week, as the Hang Seng Tech Index rose 3.9%. The food-delivery giant Meituan jumped 6.8%. Chinese e-commerce platform Pinduoduo Inc., whose stock trades in the U.S., on Friday reported better-than-expected quarterly profit and revenue, after similarly strong results from Alibaba Group Holding Ltd. and Baidu Inc.</p><p><blockquote>中国互联网股延续上周晚些时候的涨势，恒生科技指数上涨3.9%。食品配送巨头美团-W上涨6.8%。在美国交易的中国电子商务平台拼多多周五公布了好于预期的季度利润和收入，此前阿里巴巴-SW集团控股有限公司和百度公司也取得了类似的强劲业绩。</blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.wsj.com/articles/global-stocks-markets-dow-update-05-30-2022-11653896324?mod=Searchresults_pos2&page=1\">The Wall Street Journal</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".DJI":"道琼斯",".SPX":"S&P 500 Index"},"source_url":"https://www.wsj.com/articles/global-stocks-markets-dow-update-05-30-2022-11653896324?mod=Searchresults_pos2&page=1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1175740874","content_text":"U.S. stock and bond markets are closed Monday for the Memorial Day holidayInternational stocks rose Monday, extending a rally that has pared some of this year’s losses, while U.S. markets were set to stay closed for the Memorial Day holiday.The Stoxx Europe 600 rose 0.8%, led by shares of technology and luxury-goods firms. London’s FTSE 100 edged up 0.2% and Germany’s DAX climbed 0.8%.In Asia, the Shanghai Composite Index added 0.6% and Hong Kong’s Hang Seng jumped 2.1%, powered by the relaxation of some Covid-19 curbs in China. Shanghai’s Vice Mayor Wu Qing said over the weekend that the authorities will loosen the conditions under which companies are able to resume work this week, and the city’s government laid out a 50-point plan for accelerating the economic recovery. The measures include tax cuts for businesses and subsidies for purchases of electric vehicles, the official Xinhua News Agency said.Futures for the S&P 500 gained 1.1%. The U.S. stock market is due to reopen Tuesday, as is the Treasury market. Yields on government bonds retreated from their 2022 highs in the run-up to Friday’s close, helping lift stocks after a weekslong drubbing. The S&P 500 snapped a seven-week losing streak Friday and posted its biggest weekly gain since November.Also driving the rally were data showing that U.S. consumers have kept boosting spending, and the expected easing of lockdowns in China that had slowed the world’s second biggest economy. Technical factors including the unwinding of short positions, or bets against the market, have helped stocks bounce back too, investors say.Still, some money managers caution that the pickup in stocks and bond prices may be a short-lived blip in a longer-running retreat. They say most of the factors that have contributed to this year’s losses—the war in Ukraine, higher interest rates set by the Federal Reserve and a slowing economy—are still in place.“We are about to see a bear-market rally—or are in the midst of it,” said Daniel Egger, chief investment officer at St. Gotthard Fund Management.Mr. Egger said yields will begin to rise again and that forecasts for corporate earnings are too high, while profit margins are under pressure from high commodity prices. “This doesn’t bode well for stocks,” he said.Shares of European luxury-goods companies that have tapped into Chinese demand benefited from the prospect of lighter-touch lockdowns. Hermès International gained 4.7% and Compagnie Financière Richemont rose 5%.L’Oréal,the French personal-care company, gained 3.5% and LVMH Moët Hennessy Louis Vuitton added 3.9%.Siemens,meanwhile, rose 3.2% after the German conglomerate said it had signed the largest order in its history with a contract for Egypt’s high-speed rail system worth as much as 8.1 billion euros, or $8.7 billion.In commodity markets, benchmark Brent-crude futures rose 0.5% to $116.18 a barrel and touched their highest level in more than two months. Leaders of European Union members are due to meet Monday and Tuesday, after diplomats over the weekend failed to strike a deal on sanctions that would limit imports of Russian oil.In China, companies that serve Chinese consumers registered some of the largest advances. Hot-pot restaurant chain Haidilao International Holding Ltd., brewer China Resources Beer (Holdings) Co. and sportswear company Li Ning Co. Ltd., surged between 8.2% and 11% in Hong Kong.Chinese internet stocks built on a rally from late last week, as the Hang Seng Tech Index rose 3.9%. The food-delivery giant Meituan jumped 6.8%. Chinese e-commerce platform Pinduoduo Inc., whose stock trades in the U.S., on Friday reported better-than-expected quarterly profit and revenue, after similarly strong results from Alibaba Group Holding Ltd. and Baidu Inc.","news_type":1,"symbols_score_info":{".DJI":0.9,"YMmain":0.9,".SPX":0.9,"NQmain":0.9,".IXIC":0.9,"ESmain":0.9}},"isVote":1,"tweetType":1,"viewCount":2429,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":619297850,"gmtCreate":1649285859374,"gmtModify":1649285859374,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586198471249922","authorIdStr":"3586198471249922"},"themes":[],"htmlText":"Hey","listText":"Hey","text":"Hey","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/619297850","repostId":"1163802655","repostType":2,"repost":{"id":"1163802655","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":1649233707,"share":"https://www.laohu8.com/m/news/1163802655?lang=zh_CN&edition=full","pubTime":"2022-04-06 16:28","market":"us","language":"en","title":"Some Oil Stocks Gained in Premarket Trading<blockquote>一些石油股在盘前交易中上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1163802655","media":"Tiger Newspress","summary":"Some Oil Stocks Gained in Premarket Trading. Occidental, Shell, Exxon Mobil and Chevron jumped betwe","content":"<p><html><head></head><body>Some Oil Stocks Gained in Premarket Trading. Occidental, Shell, Exxon Mobil and Chevron jumped between 1% and 3%.<img src=\"https://static.tigerbbs.com/9e201d76ac627a7a08c0026623f7fb3f\" tg-width=\"483\" tg-height=\"287\" referrerpolicy=\"no-referrer\"/></p><p><blockquote><html><head></head><body>一些石油股在盘前交易中上涨。西方石油公司、壳牌公司、埃克森美孚公司和雪佛龙公司股价上涨1%至3%。</body></html></blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Some Oil Stocks Gained in Premarket Trading<blockquote>一些石油股在盘前交易中上涨</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\">\nSome Oil Stocks Gained in Premarket Trading<blockquote>一些石油股在盘前交易中上涨</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\">2022-04-06 16:28</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Some Oil Stocks Gained in Premarket Trading. Occidental, Shell, Exxon Mobil and Chevron jumped between 1% and 3%.<img src=\"https://static.tigerbbs.com/9e201d76ac627a7a08c0026623f7fb3f\" tg-width=\"483\" tg-height=\"287\" referrerpolicy=\"no-referrer\"/></p><p><blockquote><html><head></head><body>一些石油股在盘前交易中上涨。西方石油公司、壳牌公司、埃克森美孚公司和雪佛龙公司股价上涨1%至3%。</body></html></blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XOM":"埃克森美孚","OXY":"西方石油"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163802655","content_text":"Some Oil Stocks Gained in Premarket Trading. Occidental, Shell, Exxon Mobil and Chevron jumped between 1% and 3%.","news_type":1,"symbols_score_info":{"XOM":0.9,"OXY":0.9}},"isVote":1,"tweetType":1,"viewCount":2775,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":695774759,"gmtCreate":1641640240806,"gmtModify":1641640240806,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586198471249922","authorIdStr":"3586198471249922"},"themes":[],"htmlText":"ok!","listText":"ok!","text":"ok!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/695774759","repostId":"2201214004","repostType":4,"isVote":1,"tweetType":1,"viewCount":2905,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":172732475,"gmtCreate":1626993602197,"gmtModify":1626993602197,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586198471249922","authorIdStr":"3586198471249922"},"themes":[],"htmlText":"reason?&nbsp;","listText":"reason?&nbsp;","text":"reason?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/172732475","repostId":"1139354130","repostType":4,"repost":{"id":"1139354130","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":1626962203,"share":"https://www.laohu8.com/m/news/1139354130?lang=zh_CN&edition=full","pubTime":"2021-07-22 21:56","market":"us","language":"en","title":"Bilibili fell over 5% in morning trading<blockquote>哔哩哔哩早盘跌超5%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139354130","media":"Tiger Newspress","summary":"(July 22) Bilibili Inc. fell over 5% in morning trading.","content":"<p>(July 22)&nbsp;<a href=\"https://laohu8.com/S/BILI\">Bilibili Inc.</a> fell over 5% in morning trading.</p><p><blockquote>（7月22日）<a href=\"https://laohu8.com/S/BILI\">哔哩哔哩</a>早盘跌超5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f2f2967080636503f5d7b0d41cc6698f\" tg-width=\"704\" tg-height=\"486\" referrerpolicy=\"no-referrer\"></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>Bilibili fell over 5% in morning trading<blockquote>哔哩哔哩早盘跌超5%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ 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}\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\">\nBilibili fell over 5% in morning trading<blockquote>哔哩哔哩早盘跌超5%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-07-22 21:56</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(July 22)&nbsp;<a href=\"https://laohu8.com/S/BILI\">Bilibili Inc.</a> fell over 5% in morning trading.</p><p><blockquote>（7月22日）<a href=\"https://laohu8.com/S/BILI\">哔哩哔哩</a>早盘跌超5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f2f2967080636503f5d7b0d41cc6698f\" tg-width=\"704\" tg-height=\"486\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BILI":"哔哩哔哩","09626":"哔哩哔哩-W"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139354130","content_text":"(July 22) Bilibili Inc. fell over 5% in morning trading.","news_type":1,"symbols_score_info":{"BILI":0.9,"09626":0.9}},"isVote":1,"tweetType":1,"viewCount":1523,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":172455857,"gmtCreate":1626983964379,"gmtModify":1626983964379,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586198471249922","authorIdStr":"3586198471249922"},"themes":[],"htmlText":"pretend pretend pretend","listText":"pretend pretend pretend","text":"pretend pretend pretend","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/172455857","repostId":"1172546594","repostType":4,"repost":{"id":"1172546594","kind":"news","pubTimestamp":1626963813,"share":"https://www.laohu8.com/m/news/1172546594?lang=zh_CN&edition=full","pubTime":"2021-07-22 22:23","market":"us","language":"en","title":"Biden Downplays Inflation, Predicts Businesses Will Be In 'Bind' Over Labor Shortages, Then Has Brain Freeze<blockquote>拜登淡化通胀，预测企业将因劳动力短缺而“陷入困境”，然后大脑冻结</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1172546594","media":"zerohedge","summary":"President Joe Biden waved off long-term inflation concerns on Wednesday, telling aCNNtown hall in Ci","content":"<p>President Joe Biden waved off long-term inflation concerns on Wednesday, telling a<i>CNN</i>town hall in Cincinnati that it won't persist as the economy emerges from the pandemic.</p><p><blockquote>美国总统乔·拜登周三对长期通胀担忧不屑一顾，他告诉<i>CNN</i>辛辛那提市政厅表示，随着经济走出疫情，这种情况不会持续下去。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/667604940c5d09d04d8141c6810c2609\" tg-width=\"500\" tg-height=\"304\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> \"<b>There will be near-term inflation</b>\" because the economy is recovering, he said, adding that 'most economists' think \"it’s highly unlikely that it’s going to be long-term inflation that’s going to get out of hand.\"</p><p><blockquote>\"<b>近期将出现通货膨胀</b>“因为经济正在复苏，”他说，并补充说，“大多数经济学家”认为“长期通胀不太可能失控。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1a683ce14e2b21dab4dac41ad2dcd5ac\" tg-width=\"513\" tg-height=\"507\" width=\"100%\" height=\"auto\">He then cautioned restaurant owners and others in the hospitality sector that recovery may not be swift - telling one restaurant owner that he may be \"in a bind for a while\" because workers are seeking better wages and working conditions, according to<i>Bloomberg</i>.</p><p><blockquote>随后，他警告餐馆老板和酒店业的其他人，复苏可能不会很快——据报道，他告诉一位餐馆老板，他可能会“陷入困境一段时间”，因为工人们正在寻求更好的工资和工作条件<i>彭博社</i>.</blockquote></p><p> <b>\"It really is a matter of people deciding now that they have opportunities to do other things</b>,\" he said, adding \"People are looking to make more money and to bargain.\"</p><p><blockquote><b>“这真的是人们决定现在有机会做其他事情的问题。”</b>，”他说，并补充道，“人们希望赚更多的钱并讨价还价。”</blockquote></p><p>   <i>Inflation has become a political liability for the White House in recent weeks. The U.S. experienced the largest surge in consumer prices in more than 12 years last month, with a Labor Department gauge rising 5.4% compared to one year ago.</i>    <i>“</i>  <i><b>Inflation is driving the cost of everything through the roof</b></i>  <i>,” Senate Minority Leader Mitch McConnell of Kentucky said at a news conference Wednesday opposing Democratic calls for Biden’s long-term social spending plan. -Bloomberg</i>  Republicans, meanwhile, largely blame Biden and Democrats for the labor shortages at restaurants and other low-wage businesses<b>because overly-generous pandemic stimulus has removed incentives to get back to work</b>. Biden, in response, suggests these low-margin businesses should simply pay people more - calling rising wages a \"feature' of his economic plans.</p><p><blockquote><i>最近几周，通货膨胀已经成为白宫的政治负担。上个月，美国消费者价格出现了12年多来最大的涨幅，劳工部的数据比一年前上涨了5.4%。</i><i>“</i><i><b>通货膨胀正在推动所有东西的成本飙升</b></i><i>，”肯塔基参议院少数党领袖Mitch McConnell在周三的新闻发布会上表示，他反对民主党评级拜登的长期社会支出计划。-彭博社</i>与此同时，共和党人主要将餐馆和其他低工资企业的劳动力短缺归咎于拜登和民主党<b>因为过于慷慨的大流行刺激措施已经消除了重返工作岗位的动力</b>作为回应，拜登建议这些低利润企业应该向人们支付更多工资——称工资上涨是他经济计划的一个“特色”。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6dd04b1d760874109565cfabae2d919e\" tg-width=\"971\" tg-height=\"559\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>J</b><b>ob openings continue to hit record highs</b>despite elevated unemployment. According to the report, the hotel and restaurant industries had 1.25 million vacant jobs in May, up from 807,000 in February 2020.</p><p><blockquote><b>J</b><b>ob开工率继续创历史新高</b>尽管失业率居高不下。报告显示，5月份酒店和餐饮业有125万个职位空缺，高于2020年2月的80.7万个。</blockquote></p><p> \"A lot of people who work as waiters and waitresses decided that they don’t want to do that anymore because there’s other opportunities and higher wages, because there’s a lot of openings now and jobs and people are beginning to move,\" said Biden.</p><p><blockquote>拜登说：“很多做服务员的人决定不想再这样做了，因为还有其他机会和更高的工资，因为现在有很多职位空缺，工作和人员开始流动。”</blockquote></p><p> <b>Infrastructure, Vaccinations</b></p><p><blockquote><b>基础设施、疫苗接种</b></blockquote></p><p> Biden also expressed confidence that he can still secure the passage of a $1 trillion bipartisan infrastructure package despite GOP lawmakers blocking its first congressional vote on Wednesday - which Biden called \"irrelevant.\"</p><p><blockquote>拜登还表示相信，尽管共和党议员周三阻止了第一次国会投票——拜登称这“无关紧要”，但他仍然可以确保1万亿美元的两党基础设施一揽子计划获得通过。</blockquote></p><p> \"It’s necessary, I really mean it. It’s going to not only increase job opportunities but increase commerce. It’s a good thing and I think we’re going to get it done,\" he said.</p><p><blockquote>“这是必要的，我是认真的。这不仅会增加就业机会，还会增加商业。这是一件好事，我认为我们会完成它，”他说。</blockquote></p><p> As the<i>Financial Times</i>notes, \"Although US growth and job creation have jumped since Biden took office in January,<b>the economic outlook has been clouded by the resurgence of coronavirus because of the rapid spread of the contagious Delta variant as well as an unnerving rise in inflation</b>.\"</p><p><blockquote>作为<i>金融时报</i>指出，“尽管自拜登一月份上任以来美国经济增长和就业创造大幅增长，<b>由于传染性德尔塔变异毒株的迅速传播以及令人不安的通胀上升，冠状病毒的死灰复燃给经济前景蒙上了阴影</b>.\"</blockquote></p><p> Biden also pushed vaccinations, which have slowed in the United States as cases nudge higher. He said they would receive final approval from the Food and Drug Administration soon, and would be available for children under the age of 12.</p><p><blockquote>拜登还推动了疫苗接种，随着病例数逐渐增加，美国的疫苗接种速度有所放缓。他说，他们将很快获得食品药品监督管理局的最终批准，并将提供给12岁以下的儿童。</blockquote></p><p> \"We have a pandemic for those who haven’t gotten the vaccination. It’s that basic, that simple,\" he said. \"<u><i><b>If you’re vaccinated, you’re not going to be hospitalized</b></i></u>.<i><b>You’re not going to be in an ICU unit. And you are not going to die.</b></i>\"</p><p><blockquote>他说：“对于那些没有接种疫苗的人来说，我们面临着一场大流行。这是最基本、最简单的。”<u><i><b>如果你接种了疫苗，你就不会住院</b></i></u>.<i><b>你不会在重症监护室。你不会死的。</b></i>\"</blockquote></p><p> <b>Except40% of UK hospital admissionsare those who have been vaccinated, while Israel has had even higher numbers</b>, and the most vaccinated countries are experiencing<b>COVID case spikes</b>vs. the least-vaccinated. Meanwhile, over 6,000 people have<i>officially</i>died shortly after receiving the vaccine, according to the&nbsp;CDC.</p><p><blockquote><b>除了英国40%的住院患者是已接种疫苗的人，而以色列的人数甚至更高</b>，而接种疫苗最多的国家正在经历<b>新冠病例激增</b>与接种疫苗最少的人相比。与此同时，超过6,000人<i>正式地</i>据疾病预防控制中心称，在接种疫苗后不久死亡。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/174a8c547f5a0be8e7a4018d1d646579\" tg-width=\"916\" tg-height=\"478\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/17e0835984a9d20a1a321432753ad11f\" tg-width=\"521\" tg-height=\"334\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/0d35eded3a3bfac23a186cb7feee6a80\" tg-width=\"516\" tg-height=\"648\" width=\"100%\" height=\"auto\">Biden had an<b>awkward brain freeze</b>during the vaccine Q&amp;A.</p><p><blockquote>拜登有一个<b>笨拙的大脑冻结</b>在疫苗问答过程中。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/106e46a3028532086fc49841235f2fd1\" tg-width=\"510\" tg-height=\"460\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/83ce29d43f252b5b72c5106e5d5f3652\" tg-width=\"518\" tg-height=\"552\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>Filibuster</b></p><p><blockquote><b>阻挠议事</b></blockquote></p><p></p><p> Biden slammed Republican legislators over voting integrity legislation, calling them \"Jim Crow on steroids,\" however<b>he maintained his support for the legislative filibuster</b>.</p><p><blockquote>然而，拜登抨击共和党立法者投票支持诚信立法，称他们为“服用类固醇的吉姆·克劳”<b>他坚持支持立法阻挠</b>.</blockquote></p><p> \"There’s no reason to protect it other than you’re going to throw the entire Congress into chaos and nothing will get done,\" adding \"Nothing at all will get done.\" He followed up by saying that there was 'too much at stake' to risk that level of 'chaos' that a filibuster fight would ignite.</p><p><blockquote>“没有理由保护它，除非你会让整个国会陷入混乱，什么也做不了，”他补充道，“什么也做不了。”他接着说，有“太多的利害关系”，不能冒阻挠议事会引发那种程度的“混乱”的风险。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/76d8c272e874c5a6f1934e8124015d02\" tg-width=\"516\" tg-height=\"641\" 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; 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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\">\nBiden Downplays Inflation, Predicts Businesses Will Be In 'Bind' Over Labor Shortages, Then Has Brain Freeze<blockquote>拜登淡化通胀，预测企业将因劳动力短缺而“陷入困境”，然后大脑冻结</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-07-22 22:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p>President Joe Biden waved off long-term inflation concerns on Wednesday, telling a<i>CNN</i>town hall in Cincinnati that it won't persist as the economy emerges from the pandemic.</p><p><blockquote>美国总统乔·拜登周三对长期通胀担忧不屑一顾，他告诉<i>CNN</i>辛辛那提市政厅表示，随着经济走出疫情，这种情况不会持续下去。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/667604940c5d09d04d8141c6810c2609\" tg-width=\"500\" tg-height=\"304\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> \"<b>There will be near-term inflation</b>\" because the economy is recovering, he said, adding that 'most economists' think \"it’s highly unlikely that it’s going to be long-term inflation that’s going to get out of hand.\"</p><p><blockquote>\"<b>近期将出现通货膨胀</b>“因为经济正在复苏，”他说，并补充说，“大多数经济学家”认为“长期通胀不太可能失控。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1a683ce14e2b21dab4dac41ad2dcd5ac\" tg-width=\"513\" tg-height=\"507\" width=\"100%\" height=\"auto\">He then cautioned restaurant owners and others in the hospitality sector that recovery may not be swift - telling one restaurant owner that he may be \"in a bind for a while\" because workers are seeking better wages and working conditions, according to<i>Bloomberg</i>.</p><p><blockquote>随后，他警告餐馆老板和酒店业的其他人，复苏可能不会很快——据报道，他告诉一位餐馆老板，他可能会“陷入困境一段时间”，因为工人们正在寻求更好的工资和工作条件<i>彭博社</i>.</blockquote></p><p> <b>\"It really is a matter of people deciding now that they have opportunities to do other things</b>,\" he said, adding \"People are looking to make more money and to bargain.\"</p><p><blockquote><b>“这真的是人们决定现在有机会做其他事情的问题。”</b>，”他说，并补充道，“人们希望赚更多的钱并讨价还价。”</blockquote></p><p>   <i>Inflation has become a political liability for the White House in recent weeks. The U.S. experienced the largest surge in consumer prices in more than 12 years last month, with a Labor Department gauge rising 5.4% compared to one year ago.</i>    <i>“</i>  <i><b>Inflation is driving the cost of everything through the roof</b></i>  <i>,” Senate Minority Leader Mitch McConnell of Kentucky said at a news conference Wednesday opposing Democratic calls for Biden’s long-term social spending plan. -Bloomberg</i>  Republicans, meanwhile, largely blame Biden and Democrats for the labor shortages at restaurants and other low-wage businesses<b>because overly-generous pandemic stimulus has removed incentives to get back to work</b>. Biden, in response, suggests these low-margin businesses should simply pay people more - calling rising wages a \"feature' of his economic plans.</p><p><blockquote><i>最近几周，通货膨胀已经成为白宫的政治负担。上个月，美国消费者价格出现了12年多来最大的涨幅，劳工部的数据比一年前上涨了5.4%。</i><i>“</i><i><b>通货膨胀正在推动所有东西的成本飙升</b></i><i>，”肯塔基参议院少数党领袖Mitch McConnell在周三的新闻发布会上表示，他反对民主党评级拜登的长期社会支出计划。-彭博社</i>与此同时，共和党人主要将餐馆和其他低工资企业的劳动力短缺归咎于拜登和民主党<b>因为过于慷慨的大流行刺激措施已经消除了重返工作岗位的动力</b>作为回应，拜登建议这些低利润企业应该向人们支付更多工资——称工资上涨是他经济计划的一个“特色”。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6dd04b1d760874109565cfabae2d919e\" tg-width=\"971\" tg-height=\"559\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>J</b><b>ob openings continue to hit record highs</b>despite elevated unemployment. According to the report, the hotel and restaurant industries had 1.25 million vacant jobs in May, up from 807,000 in February 2020.</p><p><blockquote><b>J</b><b>ob开工率继续创历史新高</b>尽管失业率居高不下。报告显示，5月份酒店和餐饮业有125万个职位空缺，高于2020年2月的80.7万个。</blockquote></p><p> \"A lot of people who work as waiters and waitresses decided that they don’t want to do that anymore because there’s other opportunities and higher wages, because there’s a lot of openings now and jobs and people are beginning to move,\" said Biden.</p><p><blockquote>拜登说：“很多做服务员的人决定不想再这样做了，因为还有其他机会和更高的工资，因为现在有很多职位空缺，工作和人员开始流动。”</blockquote></p><p> <b>Infrastructure, Vaccinations</b></p><p><blockquote><b>基础设施、疫苗接种</b></blockquote></p><p> Biden also expressed confidence that he can still secure the passage of a $1 trillion bipartisan infrastructure package despite GOP lawmakers blocking its first congressional vote on Wednesday - which Biden called \"irrelevant.\"</p><p><blockquote>拜登还表示相信，尽管共和党议员周三阻止了第一次国会投票——拜登称这“无关紧要”，但他仍然可以确保1万亿美元的两党基础设施一揽子计划获得通过。</blockquote></p><p> \"It’s necessary, I really mean it. It’s going to not only increase job opportunities but increase commerce. It’s a good thing and I think we’re going to get it done,\" he said.</p><p><blockquote>“这是必要的，我是认真的。这不仅会增加就业机会，还会增加商业。这是一件好事，我认为我们会完成它，”他说。</blockquote></p><p> As the<i>Financial Times</i>notes, \"Although US growth and job creation have jumped since Biden took office in January,<b>the economic outlook has been clouded by the resurgence of coronavirus because of the rapid spread of the contagious Delta variant as well as an unnerving rise in inflation</b>.\"</p><p><blockquote>作为<i>金融时报</i>指出，“尽管自拜登一月份上任以来美国经济增长和就业创造大幅增长，<b>由于传染性德尔塔变异毒株的迅速传播以及令人不安的通胀上升，冠状病毒的死灰复燃给经济前景蒙上了阴影</b>.\"</blockquote></p><p> Biden also pushed vaccinations, which have slowed in the United States as cases nudge higher. He said they would receive final approval from the Food and Drug Administration soon, and would be available for children under the age of 12.</p><p><blockquote>拜登还推动了疫苗接种，随着病例数逐渐增加，美国的疫苗接种速度有所放缓。他说，他们将很快获得食品药品监督管理局的最终批准，并将提供给12岁以下的儿童。</blockquote></p><p> \"We have a pandemic for those who haven’t gotten the vaccination. It’s that basic, that simple,\" he said. \"<u><i><b>If you’re vaccinated, you’re not going to be hospitalized</b></i></u>.<i><b>You’re not going to be in an ICU unit. And you are not going to die.</b></i>\"</p><p><blockquote>他说：“对于那些没有接种疫苗的人来说，我们面临着一场大流行。这是最基本、最简单的。”<u><i><b>如果你接种了疫苗，你就不会住院</b></i></u>.<i><b>你不会在重症监护室。你不会死的。</b></i>\"</blockquote></p><p> <b>Except40% of UK hospital admissionsare those who have been vaccinated, while Israel has had even higher numbers</b>, and the most vaccinated countries are experiencing<b>COVID case spikes</b>vs. the least-vaccinated. Meanwhile, over 6,000 people have<i>officially</i>died shortly after receiving the vaccine, according to the&nbsp;CDC.</p><p><blockquote><b>除了英国40%的住院患者是已接种疫苗的人，而以色列的人数甚至更高</b>，而接种疫苗最多的国家正在经历<b>新冠病例激增</b>与接种疫苗最少的人相比。与此同时，超过6,000人<i>正式地</i>据疾病预防控制中心称，在接种疫苗后不久死亡。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/174a8c547f5a0be8e7a4018d1d646579\" tg-width=\"916\" tg-height=\"478\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/17e0835984a9d20a1a321432753ad11f\" tg-width=\"521\" tg-height=\"334\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/0d35eded3a3bfac23a186cb7feee6a80\" tg-width=\"516\" tg-height=\"648\" width=\"100%\" height=\"auto\">Biden had an<b>awkward brain freeze</b>during the vaccine Q&amp;A.</p><p><blockquote>拜登有一个<b>笨拙的大脑冻结</b>在疫苗问答过程中。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/106e46a3028532086fc49841235f2fd1\" tg-width=\"510\" tg-height=\"460\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/83ce29d43f252b5b72c5106e5d5f3652\" tg-width=\"518\" tg-height=\"552\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>Filibuster</b></p><p><blockquote><b>阻挠议事</b></blockquote></p><p></p><p> Biden slammed Republican legislators over voting integrity legislation, calling them \"Jim Crow on steroids,\" however<b>he maintained his support for the legislative filibuster</b>.</p><p><blockquote>然而，拜登抨击共和党立法者投票支持诚信立法，称他们为“服用类固醇的吉姆·克劳”<b>他坚持支持立法阻挠</b>.</blockquote></p><p> \"There’s no reason to protect it other than you’re going to throw the entire Congress into chaos and nothing will get done,\" adding \"Nothing at all will get done.\" He followed up by saying that there was 'too much at stake' to risk that level of 'chaos' that a filibuster fight would ignite.</p><p><blockquote>“没有理由保护它，除非你会让整个国会陷入混乱，什么也做不了，”他补充道，“什么也做不了。”他接着说，有“太多的利害关系”，不能冒阻挠议事会引发那种程度的“混乱”的风险。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/76d8c272e874c5a6f1934e8124015d02\" tg-width=\"516\" tg-height=\"641\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/political/biden-downplays-inflation-predicts-businesses-will-be-bind-over-persistent-labor\">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":{".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/political/biden-downplays-inflation-predicts-businesses-will-be-bind-over-persistent-labor","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172546594","content_text":"President Joe Biden waved off long-term inflation concerns on Wednesday, telling aCNNtown hall in Cincinnati that it won't persist as the economy emerges from the pandemic.\n\n\"There will be near-term inflation\" because the economy is recovering, he said, adding that 'most economists' think \"it’s highly unlikely that it’s going to be long-term inflation that’s going to get out of hand.\"\nHe then cautioned restaurant owners and others in the hospitality sector that recovery may not be swift - telling one restaurant owner that he may be \"in a bind for a while\" because workers are seeking better wages and working conditions, according toBloomberg.\n\"It really is a matter of people deciding now that they have opportunities to do other things,\" he said, adding \"People are looking to make more money and to bargain.\"\n\nInflation has become a political liability for the White House in recent weeks. The U.S. experienced the largest surge in consumer prices in more than 12 years last month, with a Labor Department gauge rising 5.4% compared to one year ago.\n\n\n“\nInflation is driving the cost of everything through the roof\n,” Senate Minority Leader Mitch McConnell of Kentucky said at a news conference Wednesday opposing Democratic calls for Biden’s long-term social spending plan. -Bloomberg\n\nRepublicans, meanwhile, largely blame Biden and Democrats for the labor shortages at restaurants and other low-wage businessesbecause overly-generous pandemic stimulus has removed incentives to get back to work. Biden, in response, suggests these low-margin businesses should simply pay people more - calling rising wages a \"feature' of his economic plans.\n\nJob openings continue to hit record highsdespite elevated unemployment. According to the report, the hotel and restaurant industries had 1.25 million vacant jobs in May, up from 807,000 in February 2020.\n\"A lot of people who work as waiters and waitresses decided that they don’t want to do that anymore because there’s other opportunities and higher wages, because there’s a lot of openings now and jobs and people are beginning to move,\" said Biden.\nInfrastructure, Vaccinations\nBiden also expressed confidence that he can still secure the passage of a $1 trillion bipartisan infrastructure package despite GOP lawmakers blocking its first congressional vote on Wednesday - which Biden called \"irrelevant.\"\n\"It’s necessary, I really mean it. It’s going to not only increase job opportunities but increase commerce. It’s a good thing and I think we’re going to get it done,\" he said.\nAs theFinancial Timesnotes, \"Although US growth and job creation have jumped since Biden took office in January,the economic outlook has been clouded by the resurgence of coronavirus because of the rapid spread of the contagious Delta variant as well as an unnerving rise in inflation.\"\nBiden also pushed vaccinations, which have slowed in the United States as cases nudge higher. He said they would receive final approval from the Food and Drug Administration soon, and would be available for children under the age of 12.\n\"We have a pandemic for those who haven’t gotten the vaccination. It’s that basic, that simple,\" he said. \"If you’re vaccinated, you’re not going to be hospitalized.You’re not going to be in an ICU unit. And you are not going to die.\"\nExcept40% of UK hospital admissionsare those who have been vaccinated, while Israel has had even higher numbers, and the most vaccinated countries are experiencingCOVID case spikesvs. the least-vaccinated. Meanwhile, over 6,000 people haveofficiallydied shortly after receiving the vaccine, according to the CDC.\nBiden had anawkward brain freezeduring the vaccine Q&A.\n\nFilibuster\nBiden slammed Republican legislators over voting integrity legislation, calling them \"Jim Crow on steroids,\" howeverhe maintained his support for the legislative filibuster.\n\"There’s no reason to protect it other than you’re going to throw the entire Congress into chaos and nothing will get done,\" adding \"Nothing at all will get done.\" He followed up by saying that there was 'too much at stake' to risk that level of 'chaos' that a filibuster fight would ignite.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":1781,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173338248,"gmtCreate":1626614296284,"gmtModify":1626614296284,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586198471249922","authorIdStr":"3586198471249922"},"themes":[],"htmlText":"president revealed the truth!","listText":"president revealed the truth!","text":"president revealed the truth!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/173338248","repostId":"2152368129","repostType":4,"isVote":1,"tweetType":1,"viewCount":1952,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148518256,"gmtCreate":1625987115175,"gmtModify":1625987115175,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586198471249922","authorIdStr":"3586198471249922"},"themes":[],"htmlText":"Would anyone do?&nbsp;","listText":"Would anyone do?&nbsp;","text":"Would anyone do?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/148518256","repostId":"1106289851","repostType":4,"repost":{"id":"1106289851","kind":"news","pubTimestamp":1625972710,"share":"https://www.laohu8.com/m/news/1106289851?lang=zh_CN&edition=full","pubTime":"2021-07-11 11:05","market":"us","language":"en","title":"PepsiCo Reports Earnings Next Week. Buy the Stock Now, Analyst Says.<blockquote>百事公司下周公布财报。分析师表示，立即购买该股票。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1106289851","media":"Barrons","summary":"A PepsiCo bull is getting out ahead of the beverage and snack giant’s second-quarter report Tuesday:","content":"<p>A PepsiCo bull is getting out ahead of the beverage and snack giant’s second-quarter report Tuesday: She’s making a buy recommendation now.</p><p><blockquote>在这家饮料和零食巨头周二发布第二季度报告之前，百事可乐的看涨者即将离场：她现在提出买入建议。</blockquote></p><p> On Friday, Cowen &amp; Co. analyst Vivien Azer reiterated an Outperform rating and $165 price target on PepsiCo (ticker: PEP). She’s modeling for the company to earn $1.51 a share, 2 cents below the average analyst estimate—although she notes that figure could be conservative—and organic revenue growth of 8.6%.</p><p><blockquote>周五，Cowen&amp;Co.分析师Vivien Azer重申了百事可乐（股票代码：PEP）跑赢大盘的评级和165美元的目标价。她预测该公司每股收益为1.51美元，比分析师平均预期低2美分（尽管她指出这个数字可能比较保守），有机收入增长为8.6%。</blockquote></p><p> Azer expects Frito Lay North America’s organic revenue growth to be 4%, and notes the division is holding up well despite difficult year-over-year comparisons when more consumers were snacking at home during Covid-19 restrictions.</p><p><blockquote>Azer预计Frito Lay North America的有机收入增长为4%，并指出，尽管在Covid-19限制期间有更多消费者在家吃零食，但同比比较困难，该部门仍保持良好。</blockquote></p><p> The analyst believes Pepsi’s North American beverage business, by contrast, will see its easiest comparison of the year in the second quarter, and points out that recent data shows it may be pulling ahead of Coca-Cola (KO) in terms of sales growth.</p><p><blockquote>该分析师认为，相比之下，百事可乐的北美饮料业务将在第二季度实现今年最容易的比较，并指出最近的数据显示，百事可乐在销售增长方面可能领先于可口可乐（KO）。</blockquote></p><p> Also, overall Covid-related costs should be down because of a strong vaccine rollout in the U.S., which accounts for nearly two-thirds of Pepsi’s profits. Still, Azer wrote, the lingering pandemic threat in Latin America could be a headwind in that region.</p><p><blockquote>此外，由于美国疫苗的大力推广，与Covid相关的总体成本应该会下降，美国占百事可乐利润的近三分之二。尽管如此，阿泽写道，拉丁美洲挥之不去的流行病威胁可能会成为该地区的阻力。</blockquote></p><p> Other analysts have been&nbsp;optimistic about Pepsi’s earnings&nbsp;as well. A little over half of the 23 tracked by FactSet rate it at Buy or the equivalent, with 43% on the sidelines and one bearish call. The average analyst price target is $156.02.</p><p><blockquote>其他分析师也对百事可乐的盈利持乐观态度。FactSet追踪的23家公司中，略多于一半的公司将其评级为“买入”或同等评级，43%的公司持观望态度，其中一名看涨期权看跌。分析师平均目标价为156.02美元。</blockquote></p><p> Consensus calls for Pepsi to earn $1.53 a share on revenue of $17.97 billion. That’s up from EPS of $1.21 and revenue of $14.82 billion in the&nbsp;previous quarter, reported in April. Pepsi’s EPS hasn’t missed quarterly expectations in the past five years.</p><p><blockquote>评级一致认为百事可乐每股收益1.53美元，营收179.7亿美元。这高于4月份报告的上一季度每股收益1.21美元和营收148.2亿美元。百事可乐的每股收益在过去五年中没有低于季度预期。</blockquote></p><p> Pepsi will host a conference call at 8:15 a.m. Eastern time Tuesday.</p><p><blockquote>百事可乐将于上午8点15分举办电话会议。东部时间周二。</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>PepsiCo Reports Earnings Next Week. Buy the Stock Now, Analyst Says.<blockquote>百事公司下周公布财报。分析师表示，立即购买该股票。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPepsiCo Reports Earnings Next Week. Buy the Stock Now, Analyst Says.<blockquote>百事公司下周公布财报。分析师表示，立即购买该股票。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-07-11 11:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p>A PepsiCo bull is getting out ahead of the beverage and snack giant’s second-quarter report Tuesday: She’s making a buy recommendation now.</p><p><blockquote>在这家饮料和零食巨头周二发布第二季度报告之前，百事可乐的看涨者即将离场：她现在提出买入建议。</blockquote></p><p> On Friday, Cowen &amp; Co. analyst Vivien Azer reiterated an Outperform rating and $165 price target on PepsiCo (ticker: PEP). She’s modeling for the company to earn $1.51 a share, 2 cents below the average analyst estimate—although she notes that figure could be conservative—and organic revenue growth of 8.6%.</p><p><blockquote>周五，Cowen&amp;Co.分析师Vivien Azer重申了百事可乐（股票代码：PEP）跑赢大盘的评级和165美元的目标价。她预测该公司每股收益为1.51美元，比分析师平均预期低2美分（尽管她指出这个数字可能比较保守），有机收入增长为8.6%。</blockquote></p><p> Azer expects Frito Lay North America’s organic revenue growth to be 4%, and notes the division is holding up well despite difficult year-over-year comparisons when more consumers were snacking at home during Covid-19 restrictions.</p><p><blockquote>Azer预计Frito Lay North America的有机收入增长为4%，并指出，尽管在Covid-19限制期间有更多消费者在家吃零食，但同比比较困难，该部门仍保持良好。</blockquote></p><p> The analyst believes Pepsi’s North American beverage business, by contrast, will see its easiest comparison of the year in the second quarter, and points out that recent data shows it may be pulling ahead of Coca-Cola (KO) in terms of sales growth.</p><p><blockquote>该分析师认为，相比之下，百事可乐的北美饮料业务将在第二季度实现今年最容易的比较，并指出最近的数据显示，百事可乐在销售增长方面可能领先于可口可乐（KO）。</blockquote></p><p> Also, overall Covid-related costs should be down because of a strong vaccine rollout in the U.S., which accounts for nearly two-thirds of Pepsi’s profits. Still, Azer wrote, the lingering pandemic threat in Latin America could be a headwind in that region.</p><p><blockquote>此外，由于美国疫苗的大力推广，与Covid相关的总体成本应该会下降，美国占百事可乐利润的近三分之二。尽管如此，阿泽写道，拉丁美洲挥之不去的流行病威胁可能会成为该地区的阻力。</blockquote></p><p> Other analysts have been&nbsp;optimistic about Pepsi’s earnings&nbsp;as well. A little over half of the 23 tracked by FactSet rate it at Buy or the equivalent, with 43% on the sidelines and one bearish call. The average analyst price target is $156.02.</p><p><blockquote>其他分析师也对百事可乐的盈利持乐观态度。FactSet追踪的23家公司中，略多于一半的公司将其评级为“买入”或同等评级，43%的公司持观望态度，其中一名看涨期权看跌。分析师平均目标价为156.02美元。</blockquote></p><p> Consensus calls for Pepsi to earn $1.53 a share on revenue of $17.97 billion. That’s up from EPS of $1.21 and revenue of $14.82 billion in the&nbsp;previous quarter, reported in April. Pepsi’s EPS hasn’t missed quarterly expectations in the past five years.</p><p><blockquote>评级一致认为百事可乐每股收益1.53美元，营收179.7亿美元。这高于4月份报告的上一季度每股收益1.21美元和营收148.2亿美元。百事可乐的每股收益在过去五年中没有低于季度预期。</blockquote></p><p> Pepsi will host a conference call at 8:15 a.m. Eastern time Tuesday.</p><p><blockquote>百事可乐将于上午8点15分举办电话会议。东部时间周二。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/pepsico-reports-earnings-next-week-buy-the-stock-now-analyst-says-51625863176?mod=RTA\">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":{"PEP":"百事可乐"},"source_url":"https://www.barrons.com/articles/pepsico-reports-earnings-next-week-buy-the-stock-now-analyst-says-51625863176?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106289851","content_text":"A PepsiCo bull is getting out ahead of the beverage and snack giant’s second-quarter report Tuesday: She’s making a buy recommendation now.\nOn Friday, Cowen & Co. analyst Vivien Azer reiterated an Outperform rating and $165 price target on PepsiCo (ticker: PEP). She’s modeling for the company to earn $1.51 a share, 2 cents below the average analyst estimate—although she notes that figure could be conservative—and organic revenue growth of 8.6%.\nAzer expects Frito Lay North America’s organic revenue growth to be 4%, and notes the division is holding up well despite difficult year-over-year comparisons when more consumers were snacking at home during Covid-19 restrictions.\nThe analyst believes Pepsi’s North American beverage business, by contrast, will see its easiest comparison of the year in the second quarter, and points out that recent data shows it may be pulling ahead of Coca-Cola (KO) in terms of sales growth.\nAlso, overall Covid-related costs should be down because of a strong vaccine rollout in the U.S., which accounts for nearly two-thirds of Pepsi’s profits. Still, Azer wrote, the lingering pandemic threat in Latin America could be a headwind in that region.\nOther analysts have been optimistic about Pepsi’s earnings as well. A little over half of the 23 tracked by FactSet rate it at Buy or the equivalent, with 43% on the sidelines and one bearish call. The average analyst price target is $156.02.\nConsensus calls for Pepsi to earn $1.53 a share on revenue of $17.97 billion. That’s up from EPS of $1.21 and revenue of $14.82 billion in the previous quarter, reported in April. Pepsi’s EPS hasn’t missed quarterly expectations in the past five years.\nPepsi will host a conference call at 8:15 a.m. Eastern time Tuesday.","news_type":1,"symbols_score_info":{"PEP":0.9}},"isVote":1,"tweetType":1,"viewCount":1911,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":149514519,"gmtCreate":1625735410531,"gmtModify":1625735410531,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586198471249922","authorIdStr":"3586198471249922"},"themes":[],"htmlText":"what about the Olympics???&nbsp;","listText":"what about the Olympics???&nbsp;","text":"what about the Olympics???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/149514519","repostId":"1102761020","repostType":4,"isVote":1,"tweetType":1,"viewCount":624,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153003927,"gmtCreate":1624982887069,"gmtModify":1624982887069,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586198471249922","authorIdStr":"3586198471249922"},"themes":[],"htmlText":"Umm... what's the main business of this company?&nbsp;","listText":"Umm... what's the main business of this company?&nbsp;","text":"Umm... what's the main business of this company?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/153003927","repostId":"1172874030","repostType":4,"repost":{"id":"1172874030","kind":"news","pubTimestamp":1624879330,"share":"https://www.laohu8.com/m/news/1172874030?lang=zh_CN&edition=full","pubTime":"2021-06-28 19:22","market":"us","language":"en","title":"Bed Bath & Beyond Is Set to Report Earnings on Wednesday. What to Know.<blockquote>Bed Bath&amp;Beyond将于周三公布收益。知道什么。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1172874030","media":"Barrons","summary":"After a wild month on the meme stock rollercoaster, Bed Bath & Beyond shares have settled down right","content":"<p>After a wild month on the meme stock rollercoaster, Bed Bath &amp; Beyond shares have settled down right in time for the retailer’s latest earnings report.</p><p><blockquote>在经历了一个月的迷因股票过山车般的疯狂之后，Bed Bath&amp;Beyond的股价在该零售商最新的收益报告发布前及时稳定下来。</blockquote></p><p> Bed Bath &amp; Beyond (ticker: BBBY) is set to report fiscal first-quarter earnings results before the market opens on Wednesday. The Wall Street consensus estimate for the quarter has adjusted earnings at nine cents per share and sales at $1.87 billion,&nbsp;according to FactSet. Analysts forecast same-store sales growth of 76% year-over-year.</p><p><blockquote>Bed Bath&amp;Beyond（股票代码：BBBY）将于周三开盘前公布第一财季盈利结果。FactSet的数据显示，华尔街对该季度的普遍预期调整为每股收益9美分，销售额为18.7亿美元。分析师预测同店销售额同比增长76%。</blockquote></p><p> Wedbush Securities analyst Seth Basham thinks sales will meet expectations, but he’ll be looking for updates on how the company’s market share is holding up. He notes that Bed Bath is facing a relatively easy comparison from last year’s pandemic-impacted period. That will change in quarters to come, as the company will lap periods that saw in uptick in at-home spending.</p><p><blockquote>Wedbush Securities分析师Seth Basham认为销售额将达到预期，但他将寻求有关该公司市场份额如何保持的最新信息。他指出，与去年受大流行影响的时期相比，Bed Bath面临着相对容易的比较。这种情况将在未来几个季度发生变化，因为该公司将经历家庭支出上升的时期。</blockquote></p><p> Bed Bath shares were caught in a broader&nbsp;resurgence for meme stocks&nbsp;at the start of June, but have since settled down. That led BofA Global Research analyst Curtis Nagle to bring back a Buy rating for the stock last week. Nagle dropped his rating after shares spiked 62% on June 2 on little news&nbsp;aside from chatter on social media. That’s a hallmark of&nbsp;meme stocks, which are generally highly shorted companies targeted&nbsp;by retail investors on Reddit.</p><p><blockquote>6月初，Bed Bath股价陷入了meme股票更广泛的复苏，但此后已经稳定下来。这导致美国银行全球研究分析师柯蒂斯·内格尔上周恢复了该股的买入评级。6月2日，除了社交媒体上的聊天之外，几乎没有什么新闻，Nagle股价飙升62%，随后他下调了评级。这是meme股票的一个标志，这些股票通常是Reddit上散户投资者高度做空的公司。</blockquote></p><p> “Since then, [Bed Bath &amp; Beyond] shares are now trading much closer to levels pre-surge, and non-fundamentals drivers such as number of mentions on retail investor online message boards, trading volumes, and short interest have moderated,” Nagle wrote.</p><p><blockquote>“从那时起，[Bed Bath&amp;Beyond]股价现在的交易价格已接近飙升前的水平，散户投资者在线留言板上的提及次数、交易量和空头兴趣等非基本面驱动因素也有所放缓，”Nagle写道。</blockquote></p><p> Nagle also brought back a $38 price objective. He expects the company to hit earnings before interest, taxes, depreciation, and amortization, or Ebitda, of between $850 million and $1 billion by 2023.</p><p><blockquote>Nagle还恢复了38美元的目标价。他预计，到2023年，该公司的息税折旧摊销前利润（Ebitda）将达到8.5亿至10亿美元。</blockquote></p><p> Bed Bath’s meme stock status has somewhat obscured efforts by CEO Mark Tritton to&nbsp;turn the company around. Nagle notes that the company’s balance sheet is in a strong place, with about $1.35 billion in cash and negative net debt of $200 million.</p><p><blockquote>Bed Bath的meme股票地位在一定程度上掩盖了首席执行官马克·特里顿(Mark Tritton)扭转公司局面的努力。Nagle指出，该公司的资产负债表状况强劲，现金约为13.5亿美元，净债务为2亿美元。</blockquote></p><p> He also argues the company is heading into its&nbsp;largest new product rollout&nbsp;in history, as the company rolls out new private label brands. Tritton told&nbsp;<i>Barron’s</i>&nbsp;earlier this year such efforts&nbsp;would play a role&nbsp;in the retailer’s turnaround.</p><p><blockquote>他还认为，随着公司推出新的自有品牌，该公司正在进入历史上最大规模的新产品推出。特里顿告诉<i>巴伦周刊</i>今年早些时候，这些努力将在零售商的扭亏为盈中发挥作用。</blockquote></p><p> Nagle also points to store closures at underperforming locations and reopening tailwinds from back to school and wedding registry shoppers that should benefit the retailer.</p><p><blockquote>内格尔还指出，表现不佳的地点的商店关闭以及返校和婚礼登记处购物者的重新开业应该会使零售商受益。</blockquote></p><p> Of course, investors will need to be wary of social media and short seller activity. June wasn’t the first time the stock was caught in meme stock volatility. Bed Bath saw shares surge in January along with&nbsp;GameStop(GME) and&nbsp;AMC Entertainment Holdings(AMC).</p><p><blockquote>当然，投资者需要警惕社交媒体和卖空者活动。六月并不是该股第一次陷入模因股票波动。Bed Bath的股价一月份与游戏驿站(GME)和AMC院线控股(AMC)一起飙升。</blockquote></p><p> Analysts are mixed on the company’s prospects. Of the 21 analysts covering Bed Bath stock, two have Buy ratings, 13 have Neutral ratings, while six have Sell or equivalent ratings, according to FactSet. Their mean price target is $26.43, implying 12.1% downside from recent levels.</p><p><blockquote>分析师对该公司的前景褒贬不一。FactSet的数据显示，在研究Bed Bath股票的21名分析师中，2名分析师给予买入评级，13名分析师给予中性评级，6名分析师给予卖出或同等评级。他们的平均目标价为26.43美元，意味着较近期水平下跌12.1%。</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>Bed Bath & Beyond Is Set to Report Earnings on Wednesday. What to Know.<blockquote>Bed Bath&amp;Beyond将于周三公布收益。知道什么。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBed Bath & Beyond Is Set to Report Earnings on Wednesday. What to Know.<blockquote>Bed Bath&amp;Beyond将于周三公布收益。知道什么。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-06-28 19:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>After a wild month on the meme stock rollercoaster, Bed Bath &amp; Beyond shares have settled down right in time for the retailer’s latest earnings report.</p><p><blockquote>在经历了一个月的迷因股票过山车般的疯狂之后，Bed Bath&amp;Beyond的股价在该零售商最新的收益报告发布前及时稳定下来。</blockquote></p><p> Bed Bath &amp; Beyond (ticker: BBBY) is set to report fiscal first-quarter earnings results before the market opens on Wednesday. The Wall Street consensus estimate for the quarter has adjusted earnings at nine cents per share and sales at $1.87 billion,&nbsp;according to FactSet. Analysts forecast same-store sales growth of 76% year-over-year.</p><p><blockquote>Bed Bath&amp;Beyond（股票代码：BBBY）将于周三开盘前公布第一财季盈利结果。FactSet的数据显示，华尔街对该季度的普遍预期调整为每股收益9美分，销售额为18.7亿美元。分析师预测同店销售额同比增长76%。</blockquote></p><p> Wedbush Securities analyst Seth Basham thinks sales will meet expectations, but he’ll be looking for updates on how the company’s market share is holding up. He notes that Bed Bath is facing a relatively easy comparison from last year’s pandemic-impacted period. That will change in quarters to come, as the company will lap periods that saw in uptick in at-home spending.</p><p><blockquote>Wedbush Securities分析师Seth Basham认为销售额将达到预期，但他将寻求有关该公司市场份额如何保持的最新信息。他指出，与去年受大流行影响的时期相比，Bed Bath面临着相对容易的比较。这种情况将在未来几个季度发生变化，因为该公司将经历家庭支出上升的时期。</blockquote></p><p> Bed Bath shares were caught in a broader&nbsp;resurgence for meme stocks&nbsp;at the start of June, but have since settled down. That led BofA Global Research analyst Curtis Nagle to bring back a Buy rating for the stock last week. Nagle dropped his rating after shares spiked 62% on June 2 on little news&nbsp;aside from chatter on social media. That’s a hallmark of&nbsp;meme stocks, which are generally highly shorted companies targeted&nbsp;by retail investors on Reddit.</p><p><blockquote>6月初，Bed Bath股价陷入了meme股票更广泛的复苏，但此后已经稳定下来。这导致美国银行全球研究分析师柯蒂斯·内格尔上周恢复了该股的买入评级。6月2日，除了社交媒体上的聊天之外，几乎没有什么新闻，Nagle股价飙升62%，随后他下调了评级。这是meme股票的一个标志，这些股票通常是Reddit上散户投资者高度做空的公司。</blockquote></p><p> “Since then, [Bed Bath &amp; Beyond] shares are now trading much closer to levels pre-surge, and non-fundamentals drivers such as number of mentions on retail investor online message boards, trading volumes, and short interest have moderated,” Nagle wrote.</p><p><blockquote>“从那时起，[Bed Bath&amp;Beyond]股价现在的交易价格已接近飙升前的水平，散户投资者在线留言板上的提及次数、交易量和空头兴趣等非基本面驱动因素也有所放缓，”Nagle写道。</blockquote></p><p> Nagle also brought back a $38 price objective. He expects the company to hit earnings before interest, taxes, depreciation, and amortization, or Ebitda, of between $850 million and $1 billion by 2023.</p><p><blockquote>Nagle还恢复了38美元的目标价。他预计，到2023年，该公司的息税折旧摊销前利润（Ebitda）将达到8.5亿至10亿美元。</blockquote></p><p> Bed Bath’s meme stock status has somewhat obscured efforts by CEO Mark Tritton to&nbsp;turn the company around. Nagle notes that the company’s balance sheet is in a strong place, with about $1.35 billion in cash and negative net debt of $200 million.</p><p><blockquote>Bed Bath的meme股票地位在一定程度上掩盖了首席执行官马克·特里顿(Mark Tritton)扭转公司局面的努力。Nagle指出，该公司的资产负债表状况强劲，现金约为13.5亿美元，净债务为2亿美元。</blockquote></p><p> He also argues the company is heading into its&nbsp;largest new product rollout&nbsp;in history, as the company rolls out new private label brands. Tritton told&nbsp;<i>Barron’s</i>&nbsp;earlier this year such efforts&nbsp;would play a role&nbsp;in the retailer’s turnaround.</p><p><blockquote>他还认为，随着公司推出新的自有品牌，该公司正在进入历史上最大规模的新产品推出。特里顿告诉<i>巴伦周刊</i>今年早些时候，这些努力将在零售商的扭亏为盈中发挥作用。</blockquote></p><p> Nagle also points to store closures at underperforming locations and reopening tailwinds from back to school and wedding registry shoppers that should benefit the retailer.</p><p><blockquote>内格尔还指出，表现不佳的地点的商店关闭以及返校和婚礼登记处购物者的重新开业应该会使零售商受益。</blockquote></p><p> Of course, investors will need to be wary of social media and short seller activity. June wasn’t the first time the stock was caught in meme stock volatility. Bed Bath saw shares surge in January along with&nbsp;GameStop(GME) and&nbsp;AMC Entertainment Holdings(AMC).</p><p><blockquote>当然，投资者需要警惕社交媒体和卖空者活动。六月并不是该股第一次陷入模因股票波动。Bed Bath的股价一月份与游戏驿站(GME)和AMC院线控股(AMC)一起飙升。</blockquote></p><p> Analysts are mixed on the company’s prospects. Of the 21 analysts covering Bed Bath stock, two have Buy ratings, 13 have Neutral ratings, while six have Sell or equivalent ratings, according to FactSet. Their mean price target is $26.43, implying 12.1% downside from recent levels.</p><p><blockquote>分析师对该公司的前景褒贬不一。FactSet的数据显示，在研究Bed Bath股票的21名分析师中，2名分析师给予买入评级，13名分析师给予中性评级，6名分析师给予卖出或同等评级。他们的平均目标价为26.43美元，意味着较近期水平下跌12.1%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/bed-bath-beyond-reports-earnings-on-wednesday-look-beyond-the-meme-stock-spotlight-51624654711?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":{"BBBY":"Bed Bath & Beyond, Inc."},"source_url":"https://www.barrons.com/articles/bed-bath-beyond-reports-earnings-on-wednesday-look-beyond-the-meme-stock-spotlight-51624654711?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172874030","content_text":"After a wild month on the meme stock rollercoaster, Bed Bath & Beyond shares have settled down right in time for the retailer’s latest earnings report.\nBed Bath & Beyond (ticker: BBBY) is set to report fiscal first-quarter earnings results before the market opens on Wednesday. The Wall Street consensus estimate for the quarter has adjusted earnings at nine cents per share and sales at $1.87 billion, according to FactSet. Analysts forecast same-store sales growth of 76% year-over-year.\nWedbush Securities analyst Seth Basham thinks sales will meet expectations, but he’ll be looking for updates on how the company’s market share is holding up. He notes that Bed Bath is facing a relatively easy comparison from last year’s pandemic-impacted period. That will change in quarters to come, as the company will lap periods that saw in uptick in at-home spending.\nBed Bath shares were caught in a broader resurgence for meme stocks at the start of June, but have since settled down. That led BofA Global Research analyst Curtis Nagle to bring back a Buy rating for the stock last week. Nagle dropped his rating after shares spiked 62% on June 2 on little news aside from chatter on social media. That’s a hallmark of meme stocks, which are generally highly shorted companies targeted by retail investors on Reddit.\n“Since then, [Bed Bath & Beyond] shares are now trading much closer to levels pre-surge, and non-fundamentals drivers such as number of mentions on retail investor online message boards, trading volumes, and short interest have moderated,” Nagle wrote.\nNagle also brought back a $38 price objective. He expects the company to hit earnings before interest, taxes, depreciation, and amortization, or Ebitda, of between $850 million and $1 billion by 2023.\nBed Bath’s meme stock status has somewhat obscured efforts by CEO Mark Tritton to turn the company around. Nagle notes that the company’s balance sheet is in a strong place, with about $1.35 billion in cash and negative net debt of $200 million.\nHe also argues the company is heading into its largest new product rollout in history, as the company rolls out new private label brands. Tritton told Barron’s earlier this year such efforts would play a role in the retailer’s turnaround.\nNagle also points to store closures at underperforming locations and reopening tailwinds from back to school and wedding registry shoppers that should benefit the retailer.\nOf course, investors will need to be wary of social media and short seller activity. June wasn’t the first time the stock was caught in meme stock volatility. Bed Bath saw shares surge in January along with GameStop(GME) and AMC Entertainment Holdings(AMC).\nAnalysts are mixed on the company’s prospects. Of the 21 analysts covering Bed Bath stock, two have Buy ratings, 13 have Neutral ratings, while six have Sell or equivalent ratings, according to FactSet. Their mean price target is $26.43, implying 12.1% downside from recent levels.","news_type":1,"symbols_score_info":{"BBBY":0.9}},"isVote":1,"tweetType":1,"viewCount":703,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124940858,"gmtCreate":1624723379474,"gmtModify":1624723379474,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586198471249922","authorIdStr":"3586198471249922"},"themes":[],"htmlText":"Answer: I think so","listText":"Answer: I think so","text":"Answer: I think so","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/124940858","repostId":"1164137597","repostType":4,"isVote":1,"tweetType":1,"viewCount":815,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165957828,"gmtCreate":1624089653664,"gmtModify":1624097473473,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586198471249922","authorIdStr":"3586198471249922"},"themes":[],"htmlText":"Good review","listText":"Good review","text":"Good review","images":[{"img":"https://static.tigerbbs.com/86e18fb4e9e7ca70edf129e32db3f67a","width":"1080","height":"1349"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/165957828","isVote":1,"tweetType":1,"viewCount":746,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":163851308,"gmtCreate":1623874655904,"gmtModify":1623894756072,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586198471249922","authorIdStr":"3586198471249922"},"themes":[],"htmlText":"Anyone bought Netflix??&nbsp;","listText":"Anyone bought Netflix??&nbsp;","text":"Anyone bought Netflix??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163851308","repostId":"2143792622","repostType":4,"isVote":1,"tweetType":1,"viewCount":791,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163939752,"gmtCreate":1623855893476,"gmtModify":1623870183622,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586198471249922","authorIdStr":"3586198471249922"},"themes":[],"htmlText":"OK great!","listText":"OK great!","text":"OK great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163939752","repostId":"1167260446","repostType":4,"repost":{"id":"1167260446","kind":"news","pubTimestamp":1623854157,"share":"https://www.laohu8.com/m/news/1167260446?lang=zh_CN&edition=full","pubTime":"2021-06-16 22:35","market":"sh","language":"en","title":"Federal Reserve to announce policy decision at 2 pm ET<blockquote>美联储将于美国东部时间下午2点宣布政策决定</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1167260446","media":"finance.yahoo","summary":"The Federal Reserve will announce its latest policy decision this afternoon.\nAlthough the Fed is exp","content":"<p>The Federal Reserve will announce its latest policy decision this afternoon.</p><p><blockquote>美联储将于今天下午公布最新政策决定。</blockquote></p><p> Although the Fed is expected to keep interest rates pinned at near-zero, the central bankmay offer some clues on when it will slow its aggressive asset purchase program.</p><p><blockquote>尽管预计美联储将把利率维持在接近零的水平，但央行可能会就何时放缓其激进的资产购买计划提供一些线索。</blockquote></p><p> Since the depths of the pandemic, the Fed has been snatching up $120 billion a month in U.S Treasuries and agency mortgage-backed securities.</p><p><blockquote>自疫情最严重以来，美联储每月抢购1200亿美元的美国国债和机构抵押贷款支持证券。</blockquote></p><p> With inflationary pressures rising and the economy on the path to recovery,some Fed officials said they were eager to have discussionson paring back the pace of the so-called quantitative easing program.</p><p><blockquote>随着通胀压力上升和经济走上复苏之路，一些美联储官员表示，他们渴望讨论放缓所谓量化宽松计划的步伐。</blockquote></p><p> But the Fed remains concerned about the recovery in the labor market, asMay jobs datashowed the economy is still 7.6 million jobs short of pre-pandemic levels.</p><p><blockquote>但美联储仍然对劳动力市场的复苏感到担忧，因为5月份的就业数据显示，经济仍比大流行前的水平少760万个就业岗位。</blockquote></p><p> The policy-setting Federal Open Market Committee will release a statement at 2 p.m. ET, alongside a set of economic projections mapping out forecasts for economic indicators like inflation and unemployment.</p><p><blockquote>制定政策的联邦公开市场委员会将于美国东部时间下午2点发布一份声明，同时发布一系列经济预测，对通胀和失业等经济指标进行预测。</blockquote></p><p> Fed Chairman Jerome Powell will then be pressed on the central bank's policy stance at a press conference at 2:30 p.m. ET.</p><p><blockquote>美联储主席杰罗姆·鲍威尔随后将在下午2:30的新闻发布会上被问及央行的政策立场。等。</blockquote></p><p></p>","source":"lsy1612507957220","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>Federal Reserve to announce policy decision at 2 pm ET<blockquote>美联储将于美国东部时间下午2点宣布政策决定</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\">\nFederal Reserve to announce policy decision at 2 pm ET<blockquote>美联储将于美国东部时间下午2点宣布政策决定</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">finance.yahoo</strong><span class=\"h-time small\">2021-06-16 22:35</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Federal Reserve will announce its latest policy decision this afternoon.</p><p><blockquote>美联储将于今天下午公布最新政策决定。</blockquote></p><p> Although the Fed is expected to keep interest rates pinned at near-zero, the central bankmay offer some clues on when it will slow its aggressive asset purchase program.</p><p><blockquote>尽管预计美联储将把利率维持在接近零的水平，但央行可能会就何时放缓其激进的资产购买计划提供一些线索。</blockquote></p><p> Since the depths of the pandemic, the Fed has been snatching up $120 billion a month in U.S Treasuries and agency mortgage-backed securities.</p><p><blockquote>自疫情最严重以来，美联储每月抢购1200亿美元的美国国债和机构抵押贷款支持证券。</blockquote></p><p> With inflationary pressures rising and the economy on the path to recovery,some Fed officials said they were eager to have discussionson paring back the pace of the so-called quantitative easing program.</p><p><blockquote>随着通胀压力上升和经济走上复苏之路，一些美联储官员表示，他们渴望讨论放缓所谓量化宽松计划的步伐。</blockquote></p><p> But the Fed remains concerned about the recovery in the labor market, asMay jobs datashowed the economy is still 7.6 million jobs short of pre-pandemic levels.</p><p><blockquote>但美联储仍然对劳动力市场的复苏感到担忧，因为5月份的就业数据显示，经济仍比大流行前的水平少760万个就业岗位。</blockquote></p><p> The policy-setting Federal Open Market Committee will release a statement at 2 p.m. ET, alongside a set of economic projections mapping out forecasts for economic indicators like inflation and unemployment.</p><p><blockquote>制定政策的联邦公开市场委员会将于美国东部时间下午2点发布一份声明，同时发布一系列经济预测，对通胀和失业等经济指标进行预测。</blockquote></p><p> Fed Chairman Jerome Powell will then be pressed on the central bank's policy stance at a press conference at 2:30 p.m. ET.</p><p><blockquote>美联储主席杰罗姆·鲍威尔随后将在下午2:30的新闻发布会上被问及央行的政策立场。等。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/fed-fomc-monetary-policy-decision-june-2021-143205185.html\">finance.yahoo</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",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://finance.yahoo.com/news/fed-fomc-monetary-policy-decision-june-2021-143205185.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167260446","content_text":"The Federal Reserve will announce its latest policy decision this afternoon.\nAlthough the Fed is expected to keep interest rates pinned at near-zero, the central bankmay offer some clues on when it will slow its aggressive asset purchase program.\nSince the depths of the pandemic, the Fed has been snatching up $120 billion a month in U.S Treasuries and agency mortgage-backed securities.\nWith inflationary pressures rising and the economy on the path to recovery,some Fed officials said they were eager to have discussionson paring back the pace of the so-called quantitative easing program.\nBut the Fed remains concerned about the recovery in the labor market, asMay jobs datashowed the economy is still 7.6 million jobs short of pre-pandemic levels.\nThe policy-setting Federal Open Market Committee will release a statement at 2 p.m. ET, alongside a set of economic projections mapping out forecasts for economic indicators like inflation and unemployment.\nFed Chairman Jerome Powell will then be pressed on the central bank's policy stance at a press conference at 2:30 p.m. ET.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":856,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160877400,"gmtCreate":1623789581600,"gmtModify":1623809498155,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586198471249922","authorIdStr":"3586198471249922"},"themes":[],"htmlText":"hello world","listText":"hello world","text":"hello world","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160877400","repostId":"1191245053","repostType":4,"repost":{"id":"1191245053","kind":"news","pubTimestamp":1623762167,"share":"https://www.laohu8.com/m/news/1191245053?lang=zh_CN&edition=full","pubTime":"2021-06-15 21:02","market":"us","language":"en","title":"Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境：周五2万亿美元伽马到期将如何影响市场</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1191245053","media":"zerohedge","summary":"Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers .So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fis","content":"<p>Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").</p><p><blockquote>上周，在讨论将VIX推至新冠大流行爆发以来的最低水平的市场夏季低迷时，我们表示，这段异常的市场平静期可能会持续到本周五的“四女巫”，届时大量的gamma和delta到期并去风险，在此过程中消除了股票的自然下行缓冲之一（请参阅“市场低迷随着下周五的Op-Ex而结束的4个原因”）。</blockquote></p><p> So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,<b>there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.</b></p><p><blockquote>因此，高盛内部衍生品专家洛基·菲什曼(Rocky Fishman)在谈到周五“可能影响市场的运营支出”的话题时，预览了即将到来的6月份到期，他称之为“规模很大——与典型的季度相当”。具体而言，<b>周五有1.8万亿美元的SPX期权到期，此外还有2400亿美元的SPDR标普500指数ETF期权以及2000亿美元的SPX和SPX E-mini期货期权。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/0d1ece116794c7f6523250fd682450e3\" tg-width=\"959\" tg-height=\"765\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Yet while these totals are massive,<b>when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.</b></p><p><blockquote>然而，尽管这些总数很大，<b>根据指数规模进行调整后，当前现货10%以内的到期期权数量比过去十年中的任何一个季度都要少。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/534b677774a92a59d4fe08f09359932b\" tg-width=\"500\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> It's worth noting that according to Goldman estimates that combos account<b>for 15-20% of SPX options,</b>so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.</p><p><blockquote>值得注意的是，根据高盛的估计，combos账户<b>对于15-20%的SPX期权，</b>因此，调整后的未平仓合约总额将达到1.5万亿美元，仍远高于即将到期的单一股票未平仓合约总额（7750亿美元）。此外，由于股市处于历史高位，预计6月份大部分未平仓合约均低于当前SPX现货价格。如下图所示，双峰在3900和4150。这意味着周五之后，在伽马被重新填充之前，这些点周围可能会有一定的“反”重力。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/adfcada2b0ef3f2ebbd684649a613043\" tg-width=\"936\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPX<b>realized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.</b></p><p><blockquote>这位高盛策略师随后解释了他认为低于已实现市场波动率的异常低水平的情况，并指出——正如我们上周讨论的——这与多头伽马头寸一致。考虑一下SPX<b>过去13个交易日的已实现波动率仅为5.1%，为2019年以来最低的13天已实现波动率。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/afffda1e07736784ad695d95a9936421\" tg-width=\"952\" tg-height=\"558\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> This contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.</p><p><blockquote>这与单一股票市场部分地区的极端波动形成鲜明对比；AMC上周是个股中合约量最高的（但名义交易量为70亿美元/天，远低于AMZN领先的1200亿美元/天），同期已实现成交量接近400%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/df2b7aeaadb37160a7eaf0ac08ba31de\" tg-width=\"1236\" tg-height=\"561\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Then, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees that<b>the extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"</b>Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:<u><b>the market will become much more volatile in a selloff.</b></u></p><p><blockquote>然后，正如野村证券的Charlie McElligott上周首次指出的那样，高盛的衍生品团队同意<b>极低的SPX已实现波动性与6月18日离开“华尔街”多头指数gamma的可能性是一致的，在这种情况下，Fishman呼应了我们上周所说的，即“一旦头寸变得更加干净，已实现波动性可能会回升。”</b>与此同时，VIX期货相对于SPX的贝塔值上升表明，投资者预计，如果市场抛售，空头伽马动态将会回升。翻译：<u><b>在抛售中，市场将变得更加波动。</b></u></blockquote></p><p> <img src=\"https://static.tigerbbs.com/76b01b8a05b70ec4f343626b1fad491b\" tg-width=\"931\" tg-height=\"560\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Meanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.</p><p><blockquote>与此同时，与最新的备忘录股票挤压保持一致，高盛还指出，虽然单一股票期权交易量仍然很高，但远低于第一季度的峰值。最近几周，由散户驱动的所有单一股票期权活动的很大比例以及散户活动的预测价值都提高了对单一股票期权市场的关注。近期单一股票期权活动的增长主要集中在低股价股票上，导致过去两周合约交易量大幅上涨，但名义交易量并未与之匹配。在根据股市规模调整名义成交量时，高盛发现过去两周单只股票成交量实际上一直处于2021年区间的低点，这意味着最新的上涨几乎没有伽马挤压成分。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9c6c3df49e3e5d1e4a7a0d9c24696e6a\" tg-width=\"1212\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p> One final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.</p><p><blockquote>我们最近讨论的最后一点是高盛的观察，即短期SPX期权（每周）和远离季度的趋势仍在继续，这与散户参与交易的不断增加相一致。这也是周五SPX到期时间小于最近许多季度的原因之一，也是为什么随着到期时间的临近，其交易量一直在下降的原因之一。</blockquote></p><p> As Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,<b>the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,</b>and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"</p><p><blockquote>正如高盛所解释的那样，投资者越来越多地采用SPX到期的完整日历，包括每周一和周三的到期，因为他们围绕事件调整了自己的观点。事实上，<b>第三个周五到期的SPX期权交易量百分比处于历史最低点，</b>现在低于周一和周三到期的百分比。超短期交易量增加的一个解释是强劲的单一股票交易量：高盛提出了一个兴趣——“在某种程度上，做市商无法弥补散户投资者看涨期权买入产生的单一股票空头伽马，他们可能会积极交易超短期SPX指数期权的多头头寸，以抵消这种伽马。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bd0e886a62a61c70b0f299bd6c032a24\" tg-width=\"954\" tg-height=\"1128\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Why is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.<b>Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!</b></p><p><blockquote>为什么这很重要？因为如果这种趋势足够大，它会直接导致低隐含和实现的相关性。<b>具有讽刺意味的是，通过增加单一名称“最受做空的名称”，散户投资者正在市场的其他部分迎来一段非正统的平静时期！</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>Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境：周五2万亿美元伽马到期将如何影响市场</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; 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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\">\nQuad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境：周五2万亿美元伽马到期将如何影响市场</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-06-15 21:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").</p><p><blockquote>上周，在讨论将VIX推至新冠大流行爆发以来的最低水平的市场夏季低迷时，我们表示，这段异常的市场平静期可能会持续到本周五的“四女巫”，届时大量的gamma和delta到期并去风险，在此过程中消除了股票的自然下行缓冲之一（请参阅“市场低迷随着下周五的Op-Ex而结束的4个原因”）。</blockquote></p><p> So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,<b>there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.</b></p><p><blockquote>因此，高盛内部衍生品专家洛基·菲什曼(Rocky Fishman)在谈到周五“可能影响市场的运营支出”的话题时，预览了即将到来的6月份到期，他称之为“规模很大——与典型的季度相当”。具体而言，<b>周五有1.8万亿美元的SPX期权到期，此外还有2400亿美元的SPDR标普500指数ETF期权以及2000亿美元的SPX和SPX E-mini期货期权。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/0d1ece116794c7f6523250fd682450e3\" tg-width=\"959\" tg-height=\"765\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Yet while these totals are massive,<b>when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.</b></p><p><blockquote>然而，尽管这些总数很大，<b>根据指数规模进行调整后，当前现货10%以内的到期期权数量比过去十年中的任何一个季度都要少。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/534b677774a92a59d4fe08f09359932b\" tg-width=\"500\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> It's worth noting that according to Goldman estimates that combos account<b>for 15-20% of SPX options,</b>so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.</p><p><blockquote>值得注意的是，根据高盛的估计，combos账户<b>对于15-20%的SPX期权，</b>因此，调整后的未平仓合约总额将达到1.5万亿美元，仍远高于即将到期的单一股票未平仓合约总额（7750亿美元）。此外，由于股市处于历史高位，预计6月份大部分未平仓合约均低于当前SPX现货价格。如下图所示，双峰在3900和4150。这意味着周五之后，在伽马被重新填充之前，这些点周围可能会有一定的“反”重力。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/adfcada2b0ef3f2ebbd684649a613043\" tg-width=\"936\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPX<b>realized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.</b></p><p><blockquote>这位高盛策略师随后解释了他认为低于已实现市场波动率的异常低水平的情况，并指出——正如我们上周讨论的——这与多头伽马头寸一致。考虑一下SPX<b>过去13个交易日的已实现波动率仅为5.1%，为2019年以来最低的13天已实现波动率。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/afffda1e07736784ad695d95a9936421\" tg-width=\"952\" tg-height=\"558\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> This contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.</p><p><blockquote>这与单一股票市场部分地区的极端波动形成鲜明对比；AMC上周是个股中合约量最高的（但名义交易量为70亿美元/天，远低于AMZN领先的1200亿美元/天），同期已实现成交量接近400%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/df2b7aeaadb37160a7eaf0ac08ba31de\" tg-width=\"1236\" tg-height=\"561\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Then, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees that<b>the extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"</b>Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:<u><b>the market will become much more volatile in a selloff.</b></u></p><p><blockquote>然后，正如野村证券的Charlie McElligott上周首次指出的那样，高盛的衍生品团队同意<b>极低的SPX已实现波动性与6月18日离开“华尔街”多头指数gamma的可能性是一致的，在这种情况下，Fishman呼应了我们上周所说的，即“一旦头寸变得更加干净，已实现波动性可能会回升。”</b>与此同时，VIX期货相对于SPX的贝塔值上升表明，投资者预计，如果市场抛售，空头伽马动态将会回升。翻译：<u><b>在抛售中，市场将变得更加波动。</b></u></blockquote></p><p> <img src=\"https://static.tigerbbs.com/76b01b8a05b70ec4f343626b1fad491b\" tg-width=\"931\" tg-height=\"560\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Meanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.</p><p><blockquote>与此同时，与最新的备忘录股票挤压保持一致，高盛还指出，虽然单一股票期权交易量仍然很高，但远低于第一季度的峰值。最近几周，由散户驱动的所有单一股票期权活动的很大比例以及散户活动的预测价值都提高了对单一股票期权市场的关注。近期单一股票期权活动的增长主要集中在低股价股票上，导致过去两周合约交易量大幅上涨，但名义交易量并未与之匹配。在根据股市规模调整名义成交量时，高盛发现过去两周单只股票成交量实际上一直处于2021年区间的低点，这意味着最新的上涨几乎没有伽马挤压成分。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9c6c3df49e3e5d1e4a7a0d9c24696e6a\" tg-width=\"1212\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p> One final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.</p><p><blockquote>我们最近讨论的最后一点是高盛的观察，即短期SPX期权（每周）和远离季度的趋势仍在继续，这与散户参与交易的不断增加相一致。这也是周五SPX到期时间小于最近许多季度的原因之一，也是为什么随着到期时间的临近，其交易量一直在下降的原因之一。</blockquote></p><p> As Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,<b>the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,</b>and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"</p><p><blockquote>正如高盛所解释的那样，投资者越来越多地采用SPX到期的完整日历，包括每周一和周三的到期，因为他们围绕事件调整了自己的观点。事实上，<b>第三个周五到期的SPX期权交易量百分比处于历史最低点，</b>现在低于周一和周三到期的百分比。超短期交易量增加的一个解释是强劲的单一股票交易量：高盛提出了一个兴趣——“在某种程度上，做市商无法弥补散户投资者看涨期权买入产生的单一股票空头伽马，他们可能会积极交易超短期SPX指数期权的多头头寸，以抵消这种伽马。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bd0e886a62a61c70b0f299bd6c032a24\" tg-width=\"954\" tg-height=\"1128\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Why is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.<b>Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!</b></p><p><blockquote>为什么这很重要？因为如果这种趋势足够大，它会直接导致低隐含和实现的相关性。<b>具有讽刺意味的是，通过增加单一名称“最受做空的名称”，散户投资者正在市场的其他部分迎来一段非正统的平静时期！</b></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets\">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":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF"},"source_url":"https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191245053","content_text":"Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").\nSo picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.\n\nYet while these totals are massive,when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.\n\nIt's worth noting that according to Goldman estimates that combos accountfor 15-20% of SPX options,so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.\n\nThe Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPXrealized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.\n\nThis contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.\n\nThen, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees thatthe extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:the market will become much more volatile in a selloff.\n\nMeanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.\n\nOne final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.\nAs Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"\n\nWhy is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":590,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160874868,"gmtCreate":1623789070854,"gmtModify":1623809498085,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586198471249922","authorIdStr":"3586198471249922"},"themes":[],"htmlText":"Michael is a billionaire what are we?","listText":"Michael is a billionaire what are we?","text":"Michael is a billionaire what are we?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160874868","repostId":"1147269544","repostType":4,"repost":{"id":"1147269544","kind":"news","pubTimestamp":1623770166,"share":"https://www.laohu8.com/m/news/1147269544?lang=zh_CN&edition=full","pubTime":"2021-06-15 23:16","market":"us","language":"en","title":"Michael \"Big Short\" Burry: This Is The Greatest Bubble Of All Time In All Things \"By Two Orders Of Magnitude\"<blockquote>“大空头”迈克尔·伯里：这是有史以来最大的泡沫，“高出两个数量级”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147269544","media":"zerohedge","summary":"Earlier this year, none other than Michael 'Big Short' Burry confirmedBofA's greatest fears, as he p","content":"<p>Earlier this year, none other than Michael 'Big Short' Burry confirmedBofA's greatest fears, as he picked up on the theme of Weimar Germany and specifically its<b>hyperinflation, as the blueprint for what comes next</b>in a lengthy tweetstorm cribbing generously fromParsson's seminal work, warning that<b>:</b></p><p><blockquote>今年早些时候，“大空头”迈克尔·伯里证实了美国银行最大的担忧，因为他谈到了魏玛德国的主题，特别是其<b>恶性通货膨胀，作为下一步的蓝图</b>在一篇冗长的推特风暴中，大量抄袭了帕森的开创性工作，警告说<b>：</b></blockquote></p><p> <b>\"The US government is inviting inflation with its MMT-tinged policies. Brisk Debt/GDP, M2 increases while retail sales, PMI stage V recovery</b>. Trillions more stimulus &amp; re-opening to boost demand as employee and supply chain costs skyrocket.\"</p><p><blockquote><b>“美国政府正在以其带有MMT色彩的政策引发通胀。强劲的债务/GDP、M2增加，而零售销售、PMI第五阶段复苏</b>随着员工和供应链成本飙升，数万亿美元的刺激措施和重新开放以提振需求。”</blockquote></p><p> #ParadigmShift</p><p><blockquote>#范式转变</blockquote></p><p> \"The life of the inflation in its ripening stage was a paradox which had its own unmistakable characteristics. One was the great wealth, at least of those favored by the boom..Many great fortunes sprang up overnight...The cities, had an aimless and wanton youth\"</p><p><blockquote>“通货膨胀在成熟阶段的生活是一个悖论，它有自己明确无误的特征。一个是巨大的财富，至少是那些被繁荣所青睐的人。许多巨大的财富在一夜之间涌现出来……城市里有一群漫无目的、肆无忌惮的年轻人。”</blockquote></p><p> \"Prices in Germany were steady, and both business and the stock market were booming. The exchange rate of the mark against the dollar and other currencies actually rose for a time, and the mark was momentarily the strongest currency in the world\" on inflation's eve.</p><p><blockquote>“德国物价平稳，商业和股市都很繁荣。马克对美元和其他货币的汇率实际上一度上升，马克在通货膨胀前夕一时成为世界上最坚挺的货币”。</blockquote></p><p> <b>\"Side by side with the wealth were the pockets of poverty. Greater numbers of people remained on the outside of the easy money, looking in but not able to enter. The crime rate soared.\"</b></p><p><blockquote><b>“与财富并存的是贫困地区。更多的人留在轻松赚钱的外围，看进去却进不去。犯罪率飙升。”</b></blockquote></p><p> <b>\"Accounts of the time tell of a progressive demoralization which crept over the common people, compounded of their weariness with the breakneck pace, to no visible purpose, and their fears from watching their own precarious positions slip while others grew so conspicuously rich.\"</b></p><p><blockquote><b>“当时的记录表明，普通人的士气逐渐低落，加上他们对无明显目的的极快节奏感到厌倦，他们害怕看到自己岌岌可危的地位下滑，而其他人却变得如此明显地富有。”</b></blockquote></p><p> \"Almost any kind of business could make money. Business failures and bankruptcies became few. The boom suspended the normal processes of natural selection by which the nonessential and ineffective otherwise would have been culled out.\"</p><p><blockquote>“几乎任何一种企业都能赚钱。企业失败和破产的情况变得很少了。繁荣中止了正常的自然选择过程，否则不必要和无效的东西就会被剔除。”</blockquote></p><p> <b>\"Speculation alone, while adding nothing to Germany's wealth, became one of its largest activities. The fever to join in turning a quick mark infected nearly all classes..Everyone from the elevator operator up was playing the market.\"</b></p><p><blockquote><b>“单是投机，虽然没有增加德国的财富，但却成了德国最大的活动之一。加入快速赚钱的热潮几乎感染了所有阶层……从电梯操作员到现在，每个人都在玩市场。”</b></blockquote></p><p> \"The volumes of turnover in securities on the Berlin Bourse became so high that the financial industry could not keep up with the paperwork...and the Bourse was obliged to close several days a week to work off the backlog\" #<i>robinhooddown</i></p><p><blockquote>“柏林证券交易所的证券交易量变得如此之高，以至于金融业无法跟上文书工作的步伐……交易所不得不每周关闭几天来处理积压的交易。”#<i>罗宾汉</i></blockquote></p><p> \"all the marks that existed in the world in the summer of 1922 were not worth enough, by November of 1923, to buy a single&nbsp; newspaper or a tram ticket. That was the spectacular part of the collapse, but most of the real loss in money wealth had been suffered much earlier.\"</p><p><blockquote>“1922年夏天世界上存在的所有马克，到1923年11月还不够买一份报纸或一张电车车票。这是崩溃的壮观之处，但货币财富的大部分真正损失在更早的时候就已经遭受了。”</blockquote></p><p> \"Throughout these years the structure was quietly building itself up for the blow.<b>Germany's #inflationcycle ran not for a year but for nine years, representing eight years of gestation and only one year of #collapse.\"</b></p><p><blockquote>“这些年来，这个结构一直在悄悄地为打击做好准备。<b>德国的#通货膨胀周期不是一年，而是九年，其中八年是酝酿，只有一年是崩溃。”</b></blockquote></p><p> His punchline: the above was \"written in 1974 re: 1914-1923\" and then makes the ominous extrapolation that \"<b>2010-2021: Gestation</b>\" adding that \"when dollars might as well be falling from the sky...management teams get creative and ultimately take more risk.. paying out debt-financed dividends to investors or investing in risky growth opportunities has beaten a frugal mentality hands down.\"</p><p><blockquote>他的笑点：以上是“写于1974年re：1914-1923”，然后做出不祥的推断“<b>2010-2021年：妊娠</b>“当美元可能从天而降时...管理团队变得富有创造力，最终承担更多风险..向投资者支付债务融资股息或投资高风险增长机会无疑击败了节俭心态。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c531b21050b42425510a30125935555e\" tg-width=\"500\" tg-height=\"395\">And, as if reading from the same playbook,<b>Paul Tudor Jones warned yesterday that things are \"bat shit crazy\"</b>and if Jay Powell</p><p><blockquote>而且，就像是在读同一本剧本，<b>保罗·都铎·琼斯昨天警告说，事情“太疯狂了”</b>如果杰伊·鲍威尔</blockquote></p><p>   <i><b>“The idea that inflation is transitory, to me ... that one just doesn’t work the way I see the world.\"</b></i>  All of which led to Burry's latest tweet warning this morning...</p><p><blockquote><i><b>“对我来说，通货膨胀是暂时的……这种想法并不符合我看待世界的方式。”</b></i>所有这些导致了伯里今天早上的最新推文警告...</blockquote></p><p>   <i><b>\"People always ask me what is going on in the markets. It is simple. Greatest Speculative Bubble of All Time in All Things. By two orders of magnitude.</b></i>#FlyingPigs360\"  <img src=\"https://static.tigerbbs.com/afafeb68134e031ca871659bd8dbc595\" tg-width=\"512\" tg-height=\"261\">In other words:<i><b>\"Brace!\"</b></i></p><p><blockquote><i><b>“人们总是问我市场上发生了什么。这很简单。有史以来最大的投机泡沫。两个数量级。</b></i>#FlyingPigs360”换句话说：<i><b>“撑住！”</b></i></blockquote></p><p> So what are you going to do about it?</p><p><blockquote>那你打算怎么办？</blockquote></p><p> Tudor Jones had some simple advice: \"<b>buy commodities, buy crypto, buy gold.\"</b></p><p><blockquote>都铎·琼斯有一些简单的建议：“<b>购买大宗商品、购买加密货币、购买黄金。”</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>Michael \"Big Short\" Burry: This Is The Greatest Bubble Of All Time In All Things \"By Two Orders Of Magnitude\"<blockquote>“大空头”迈克尔·伯里：这是有史以来最大的泡沫，“高出两个数量级”</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\">\nMichael \"Big Short\" Burry: This Is The Greatest Bubble Of All Time In All Things \"By Two Orders Of Magnitude\"<blockquote>“大空头”迈克尔·伯里：这是有史以来最大的泡沫，“高出两个数量级”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-06-15 23:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Earlier this year, none other than Michael 'Big Short' Burry confirmedBofA's greatest fears, as he picked up on the theme of Weimar Germany and specifically its<b>hyperinflation, as the blueprint for what comes next</b>in a lengthy tweetstorm cribbing generously fromParsson's seminal work, warning that<b>:</b></p><p><blockquote>今年早些时候，“大空头”迈克尔·伯里证实了美国银行最大的担忧，因为他谈到了魏玛德国的主题，特别是其<b>恶性通货膨胀，作为下一步的蓝图</b>在一篇冗长的推特风暴中，大量抄袭了帕森的开创性工作，警告说<b>：</b></blockquote></p><p> <b>\"The US government is inviting inflation with its MMT-tinged policies. Brisk Debt/GDP, M2 increases while retail sales, PMI stage V recovery</b>. Trillions more stimulus &amp; re-opening to boost demand as employee and supply chain costs skyrocket.\"</p><p><blockquote><b>“美国政府正在以其带有MMT色彩的政策引发通胀。强劲的债务/GDP、M2增加，而零售销售、PMI第五阶段复苏</b>随着员工和供应链成本飙升，数万亿美元的刺激措施和重新开放以提振需求。”</blockquote></p><p> #ParadigmShift</p><p><blockquote>#范式转变</blockquote></p><p> \"The life of the inflation in its ripening stage was a paradox which had its own unmistakable characteristics. One was the great wealth, at least of those favored by the boom..Many great fortunes sprang up overnight...The cities, had an aimless and wanton youth\"</p><p><blockquote>“通货膨胀在成熟阶段的生活是一个悖论，它有自己明确无误的特征。一个是巨大的财富，至少是那些被繁荣所青睐的人。许多巨大的财富在一夜之间涌现出来……城市里有一群漫无目的、肆无忌惮的年轻人。”</blockquote></p><p> \"Prices in Germany were steady, and both business and the stock market were booming. The exchange rate of the mark against the dollar and other currencies actually rose for a time, and the mark was momentarily the strongest currency in the world\" on inflation's eve.</p><p><blockquote>“德国物价平稳，商业和股市都很繁荣。马克对美元和其他货币的汇率实际上一度上升，马克在通货膨胀前夕一时成为世界上最坚挺的货币”。</blockquote></p><p> <b>\"Side by side with the wealth were the pockets of poverty. Greater numbers of people remained on the outside of the easy money, looking in but not able to enter. The crime rate soared.\"</b></p><p><blockquote><b>“与财富并存的是贫困地区。更多的人留在轻松赚钱的外围，看进去却进不去。犯罪率飙升。”</b></blockquote></p><p> <b>\"Accounts of the time tell of a progressive demoralization which crept over the common people, compounded of their weariness with the breakneck pace, to no visible purpose, and their fears from watching their own precarious positions slip while others grew so conspicuously rich.\"</b></p><p><blockquote><b>“当时的记录表明，普通人的士气逐渐低落，加上他们对无明显目的的极快节奏感到厌倦，他们害怕看到自己岌岌可危的地位下滑，而其他人却变得如此明显地富有。”</b></blockquote></p><p> \"Almost any kind of business could make money. Business failures and bankruptcies became few. The boom suspended the normal processes of natural selection by which the nonessential and ineffective otherwise would have been culled out.\"</p><p><blockquote>“几乎任何一种企业都能赚钱。企业失败和破产的情况变得很少了。繁荣中止了正常的自然选择过程，否则不必要和无效的东西就会被剔除。”</blockquote></p><p> <b>\"Speculation alone, while adding nothing to Germany's wealth, became one of its largest activities. The fever to join in turning a quick mark infected nearly all classes..Everyone from the elevator operator up was playing the market.\"</b></p><p><blockquote><b>“单是投机，虽然没有增加德国的财富，但却成了德国最大的活动之一。加入快速赚钱的热潮几乎感染了所有阶层……从电梯操作员到现在，每个人都在玩市场。”</b></blockquote></p><p> \"The volumes of turnover in securities on the Berlin Bourse became so high that the financial industry could not keep up with the paperwork...and the Bourse was obliged to close several days a week to work off the backlog\" #<i>robinhooddown</i></p><p><blockquote>“柏林证券交易所的证券交易量变得如此之高，以至于金融业无法跟上文书工作的步伐……交易所不得不每周关闭几天来处理积压的交易。”#<i>罗宾汉</i></blockquote></p><p> \"all the marks that existed in the world in the summer of 1922 were not worth enough, by November of 1923, to buy a single&nbsp; newspaper or a tram ticket. That was the spectacular part of the collapse, but most of the real loss in money wealth had been suffered much earlier.\"</p><p><blockquote>“1922年夏天世界上存在的所有马克，到1923年11月还不够买一份报纸或一张电车车票。这是崩溃的壮观之处，但货币财富的大部分真正损失在更早的时候就已经遭受了。”</blockquote></p><p> \"Throughout these years the structure was quietly building itself up for the blow.<b>Germany's #inflationcycle ran not for a year but for nine years, representing eight years of gestation and only one year of #collapse.\"</b></p><p><blockquote>“这些年来，这个结构一直在悄悄地为打击做好准备。<b>德国的#通货膨胀周期不是一年，而是九年，其中八年是酝酿，只有一年是崩溃。”</b></blockquote></p><p> His punchline: the above was \"written in 1974 re: 1914-1923\" and then makes the ominous extrapolation that \"<b>2010-2021: Gestation</b>\" adding that \"when dollars might as well be falling from the sky...management teams get creative and ultimately take more risk.. paying out debt-financed dividends to investors or investing in risky growth opportunities has beaten a frugal mentality hands down.\"</p><p><blockquote>他的笑点：以上是“写于1974年re：1914-1923”，然后做出不祥的推断“<b>2010-2021年：妊娠</b>“当美元可能从天而降时...管理团队变得富有创造力，最终承担更多风险..向投资者支付债务融资股息或投资高风险增长机会无疑击败了节俭心态。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c531b21050b42425510a30125935555e\" tg-width=\"500\" tg-height=\"395\">And, as if reading from the same playbook,<b>Paul Tudor Jones warned yesterday that things are \"bat shit crazy\"</b>and if Jay Powell</p><p><blockquote>而且，就像是在读同一本剧本，<b>保罗·都铎·琼斯昨天警告说，事情“太疯狂了”</b>如果杰伊·鲍威尔</blockquote></p><p>   <i><b>“The idea that inflation is transitory, to me ... that one just doesn’t work the way I see the world.\"</b></i>  All of which led to Burry's latest tweet warning this morning...</p><p><blockquote><i><b>“对我来说，通货膨胀是暂时的……这种想法并不符合我看待世界的方式。”</b></i>所有这些导致了伯里今天早上的最新推文警告...</blockquote></p><p>   <i><b>\"People always ask me what is going on in the markets. It is simple. Greatest Speculative Bubble of All Time in All Things. By two orders of magnitude.</b></i>#FlyingPigs360\"  <img src=\"https://static.tigerbbs.com/afafeb68134e031ca871659bd8dbc595\" tg-width=\"512\" tg-height=\"261\">In other words:<i><b>\"Brace!\"</b></i></p><p><blockquote><i><b>“人们总是问我市场上发生了什么。这很简单。有史以来最大的投机泡沫。两个数量级。</b></i>#FlyingPigs360”换句话说：<i><b>“撑住！”</b></i></blockquote></p><p> So what are you going to do about it?</p><p><blockquote>那你打算怎么办？</blockquote></p><p> Tudor Jones had some simple advice: \"<b>buy commodities, buy crypto, buy gold.\"</b></p><p><blockquote>都铎·琼斯有一些简单的建议：“<b>购买大宗商品、购买加密货币、购买黄金。”</b></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/michael-big-short-burry-greatest-bubble-all-time-all-things-two-orders-magnitude\">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/michael-big-short-burry-greatest-bubble-all-time-all-things-two-orders-magnitude","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147269544","content_text":"Earlier this year, none other than Michael 'Big Short' Burry confirmedBofA's greatest fears, as he picked up on the theme of Weimar Germany and specifically itshyperinflation, as the blueprint for what comes nextin a lengthy tweetstorm cribbing generously fromParsson's seminal work, warning that:\n\"The US government is inviting inflation with its MMT-tinged policies. Brisk Debt/GDP, M2 increases while retail sales, PMI stage V recovery. Trillions more stimulus & re-opening to boost demand as employee and supply chain costs skyrocket.\"\n#ParadigmShift\n\"The life of the inflation in its ripening stage was a paradox which had its own unmistakable characteristics. One was the great wealth, at least of those favored by the boom..Many great fortunes sprang up overnight...The cities, had an aimless and wanton youth\"\n\"Prices in Germany were steady, and both business and the stock market were booming. The exchange rate of the mark against the dollar and other currencies actually rose for a time, and the mark was momentarily the strongest currency in the world\" on inflation's eve.\n\"Side by side with the wealth were the pockets of poverty. Greater numbers of people remained on the outside of the easy money, looking in but not able to enter. The crime rate soared.\"\n\"Accounts of the time tell of a progressive demoralization which crept over the common people, compounded of their weariness with the breakneck pace, to no visible purpose, and their fears from watching their own precarious positions slip while others grew so conspicuously rich.\"\n\"Almost any kind of business could make money. Business failures and bankruptcies became few. The boom suspended the normal processes of natural selection by which the nonessential and ineffective otherwise would have been culled out.\"\n\"Speculation alone, while adding nothing to Germany's wealth, became one of its largest activities. The fever to join in turning a quick mark infected nearly all classes..Everyone from the elevator operator up was playing the market.\"\n\"The volumes of turnover in securities on the Berlin Bourse became so high that the financial industry could not keep up with the paperwork...and the Bourse was obliged to close several days a week to work off the backlog\" #robinhooddown\n\"all the marks that existed in the world in the summer of 1922 were not worth enough, by November of 1923, to buy a single  newspaper or a tram ticket. That was the spectacular part of the collapse, but most of the real loss in money wealth had been suffered much earlier.\"\n\"Throughout these years the structure was quietly building itself up for the blow.Germany's #inflationcycle ran not for a year but for nine years, representing eight years of gestation and only one year of #collapse.\"\nHis punchline: the above was \"written in 1974 re: 1914-1923\" and then makes the ominous extrapolation that \"2010-2021: Gestation\" adding that \"when dollars might as well be falling from the sky...management teams get creative and ultimately take more risk.. paying out debt-financed dividends to investors or investing in risky growth opportunities has beaten a frugal mentality hands down.\"\nAnd, as if reading from the same playbook,Paul Tudor Jones warned yesterday that things are \"bat shit crazy\"and if Jay Powell\n\n“The idea that inflation is transitory, to me ... that one just doesn’t work the way I see the world.\"\n\nAll of which led to Burry's latest tweet warning this morning...\n\n\"People always ask me what is going on in the markets. It is simple. Greatest Speculative Bubble of All Time in All Things. By two orders of magnitude.#FlyingPigs360\"\n\nIn other words:\"Brace!\"\nSo what are you going to do about it?\nTudor Jones had some simple advice: \"buy commodities, buy crypto, buy gold.\"","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":609,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160874364,"gmtCreate":1623789025758,"gmtModify":1623809498085,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586198471249922","authorIdStr":"3586198471249922"},"themes":[],"htmlText":"Comment please :)","listText":"Comment please :)","text":"Comment please :)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160874364","repostId":"1191245053","repostType":4,"repost":{"id":"1191245053","kind":"news","pubTimestamp":1623762167,"share":"https://www.laohu8.com/m/news/1191245053?lang=zh_CN&edition=full","pubTime":"2021-06-15 21:02","market":"us","language":"en","title":"Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境：周五2万亿美元伽马到期将如何影响市场</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1191245053","media":"zerohedge","summary":"Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers .So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fis","content":"<p>Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").</p><p><blockquote>上周，在讨论将VIX推至新冠大流行爆发以来的最低水平的市场夏季低迷时，我们表示，这段异常的市场平静期可能会持续到本周五的“四女巫”，届时大量的gamma和delta到期并去风险，在此过程中消除了股票的自然下行缓冲之一（请参阅“市场低迷随着下周五的Op-Ex而结束的4个原因”）。</blockquote></p><p> So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,<b>there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.</b></p><p><blockquote>因此，高盛内部衍生品专家洛基·菲什曼(Rocky Fishman)在谈到周五“可能影响市场的运营支出”的话题时，预览了即将到来的6月份到期，他称之为“规模很大——与典型的季度相当”。具体而言，<b>周五有1.8万亿美元的SPX期权到期，此外还有2400亿美元的SPDR标普500指数ETF期权以及2000亿美元的SPX和SPX E-mini期货期权。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/0d1ece116794c7f6523250fd682450e3\" tg-width=\"959\" tg-height=\"765\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Yet while these totals are massive,<b>when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.</b></p><p><blockquote>然而，尽管这些总数很大，<b>根据指数规模进行调整后，当前现货10%以内的到期期权数量比过去十年中的任何一个季度都要少。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/534b677774a92a59d4fe08f09359932b\" tg-width=\"500\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> It's worth noting that according to Goldman estimates that combos account<b>for 15-20% of SPX options,</b>so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.</p><p><blockquote>值得注意的是，根据高盛的估计，combos账户<b>对于15-20%的SPX期权，</b>因此，调整后的未平仓合约总额将达到1.5万亿美元，仍远高于即将到期的单一股票未平仓合约总额（7750亿美元）。此外，由于股市处于历史高位，预计6月份大部分未平仓合约均低于当前SPX现货价格。如下图所示，双峰在3900和4150。这意味着周五之后，在伽马被重新填充之前，这些点周围可能会有一定的“反”重力。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/adfcada2b0ef3f2ebbd684649a613043\" tg-width=\"936\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPX<b>realized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.</b></p><p><blockquote>这位高盛策略师随后解释了他认为低于已实现市场波动率的异常低水平的情况，并指出——正如我们上周讨论的——这与多头伽马头寸一致。考虑一下SPX<b>过去13个交易日的已实现波动率仅为5.1%，为2019年以来最低的13天已实现波动率。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/afffda1e07736784ad695d95a9936421\" tg-width=\"952\" tg-height=\"558\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> This contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.</p><p><blockquote>这与单一股票市场部分地区的极端波动形成鲜明对比；AMC上周是个股中合约量最高的（但名义交易量为70亿美元/天，远低于AMZN领先的1200亿美元/天），同期已实现成交量接近400%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/df2b7aeaadb37160a7eaf0ac08ba31de\" tg-width=\"1236\" tg-height=\"561\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Then, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees that<b>the extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"</b>Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:<u><b>the market will become much more volatile in a selloff.</b></u></p><p><blockquote>然后，正如野村证券的Charlie McElligott上周首次指出的那样，高盛的衍生品团队同意<b>极低的SPX已实现波动性与6月18日离开“华尔街”多头指数gamma的可能性是一致的，在这种情况下，Fishman呼应了我们上周所说的，即“一旦头寸变得更加干净，已实现波动性可能会回升。”</b>与此同时，VIX期货相对于SPX的贝塔值上升表明，投资者预计，如果市场抛售，空头伽马动态将会回升。翻译：<u><b>在抛售中，市场将变得更加波动。</b></u></blockquote></p><p> <img src=\"https://static.tigerbbs.com/76b01b8a05b70ec4f343626b1fad491b\" tg-width=\"931\" tg-height=\"560\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Meanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.</p><p><blockquote>与此同时，与最新的备忘录股票挤压保持一致，高盛还指出，虽然单一股票期权交易量仍然很高，但远低于第一季度的峰值。最近几周，由散户驱动的所有单一股票期权活动的很大比例以及散户活动的预测价值都提高了对单一股票期权市场的关注。近期单一股票期权活动的增长主要集中在低股价股票上，导致过去两周合约交易量大幅上涨，但名义交易量并未与之匹配。在根据股市规模调整名义成交量时，高盛发现过去两周单只股票成交量实际上一直处于2021年区间的低点，这意味着最新的上涨几乎没有伽马挤压成分。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9c6c3df49e3e5d1e4a7a0d9c24696e6a\" tg-width=\"1212\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p> One final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.</p><p><blockquote>我们最近讨论的最后一点是高盛的观察，即短期SPX期权（每周）和远离季度的趋势仍在继续，这与散户参与交易的不断增加相一致。这也是周五SPX到期时间小于最近许多季度的原因之一，也是为什么随着到期时间的临近，其交易量一直在下降的原因之一。</blockquote></p><p> As Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,<b>the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,</b>and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"</p><p><blockquote>正如高盛所解释的那样，投资者越来越多地采用SPX到期的完整日历，包括每周一和周三的到期，因为他们围绕事件调整了自己的观点。事实上，<b>第三个周五到期的SPX期权交易量百分比处于历史最低点，</b>现在低于周一和周三到期的百分比。超短期交易量增加的一个解释是强劲的单一股票交易量：高盛提出了一个兴趣——“在某种程度上，做市商无法弥补散户投资者看涨期权买入产生的单一股票空头伽马，他们可能会积极交易超短期SPX指数期权的多头头寸，以抵消这种伽马。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bd0e886a62a61c70b0f299bd6c032a24\" tg-width=\"954\" tg-height=\"1128\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Why is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.<b>Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!</b></p><p><blockquote>为什么这很重要？因为如果这种趋势足够大，它会直接导致低隐含和实现的相关性。<b>具有讽刺意味的是，通过增加单一名称“最受做空的名称”，散户投资者正在市场的其他部分迎来一段非正统的平静时期！</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>Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境：周五2万亿美元伽马到期将如何影响市场</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; 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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\">\nQuad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境：周五2万亿美元伽马到期将如何影响市场</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-06-15 21:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").</p><p><blockquote>上周，在讨论将VIX推至新冠大流行爆发以来的最低水平的市场夏季低迷时，我们表示，这段异常的市场平静期可能会持续到本周五的“四女巫”，届时大量的gamma和delta到期并去风险，在此过程中消除了股票的自然下行缓冲之一（请参阅“市场低迷随着下周五的Op-Ex而结束的4个原因”）。</blockquote></p><p> So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,<b>there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.</b></p><p><blockquote>因此，高盛内部衍生品专家洛基·菲什曼(Rocky Fishman)在谈到周五“可能影响市场的运营支出”的话题时，预览了即将到来的6月份到期，他称之为“规模很大——与典型的季度相当”。具体而言，<b>周五有1.8万亿美元的SPX期权到期，此外还有2400亿美元的SPDR标普500指数ETF期权以及2000亿美元的SPX和SPX E-mini期货期权。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/0d1ece116794c7f6523250fd682450e3\" tg-width=\"959\" tg-height=\"765\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Yet while these totals are massive,<b>when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.</b></p><p><blockquote>然而，尽管这些总数很大，<b>根据指数规模进行调整后，当前现货10%以内的到期期权数量比过去十年中的任何一个季度都要少。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/534b677774a92a59d4fe08f09359932b\" tg-width=\"500\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> It's worth noting that according to Goldman estimates that combos account<b>for 15-20% of SPX options,</b>so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.</p><p><blockquote>值得注意的是，根据高盛的估计，combos账户<b>对于15-20%的SPX期权，</b>因此，调整后的未平仓合约总额将达到1.5万亿美元，仍远高于即将到期的单一股票未平仓合约总额（7750亿美元）。此外，由于股市处于历史高位，预计6月份大部分未平仓合约均低于当前SPX现货价格。如下图所示，双峰在3900和4150。这意味着周五之后，在伽马被重新填充之前，这些点周围可能会有一定的“反”重力。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/adfcada2b0ef3f2ebbd684649a613043\" tg-width=\"936\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPX<b>realized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.</b></p><p><blockquote>这位高盛策略师随后解释了他认为低于已实现市场波动率的异常低水平的情况，并指出——正如我们上周讨论的——这与多头伽马头寸一致。考虑一下SPX<b>过去13个交易日的已实现波动率仅为5.1%，为2019年以来最低的13天已实现波动率。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/afffda1e07736784ad695d95a9936421\" tg-width=\"952\" tg-height=\"558\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> This contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.</p><p><blockquote>这与单一股票市场部分地区的极端波动形成鲜明对比；AMC上周是个股中合约量最高的（但名义交易量为70亿美元/天，远低于AMZN领先的1200亿美元/天），同期已实现成交量接近400%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/df2b7aeaadb37160a7eaf0ac08ba31de\" tg-width=\"1236\" tg-height=\"561\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Then, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees that<b>the extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"</b>Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:<u><b>the market will become much more volatile in a selloff.</b></u></p><p><blockquote>然后，正如野村证券的Charlie McElligott上周首次指出的那样，高盛的衍生品团队同意<b>极低的SPX已实现波动性与6月18日离开“华尔街”多头指数gamma的可能性是一致的，在这种情况下，Fishman呼应了我们上周所说的，即“一旦头寸变得更加干净，已实现波动性可能会回升。”</b>与此同时，VIX期货相对于SPX的贝塔值上升表明，投资者预计，如果市场抛售，空头伽马动态将会回升。翻译：<u><b>在抛售中，市场将变得更加波动。</b></u></blockquote></p><p> <img src=\"https://static.tigerbbs.com/76b01b8a05b70ec4f343626b1fad491b\" tg-width=\"931\" tg-height=\"560\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Meanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.</p><p><blockquote>与此同时，与最新的备忘录股票挤压保持一致，高盛还指出，虽然单一股票期权交易量仍然很高，但远低于第一季度的峰值。最近几周，由散户驱动的所有单一股票期权活动的很大比例以及散户活动的预测价值都提高了对单一股票期权市场的关注。近期单一股票期权活动的增长主要集中在低股价股票上，导致过去两周合约交易量大幅上涨，但名义交易量并未与之匹配。在根据股市规模调整名义成交量时，高盛发现过去两周单只股票成交量实际上一直处于2021年区间的低点，这意味着最新的上涨几乎没有伽马挤压成分。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9c6c3df49e3e5d1e4a7a0d9c24696e6a\" tg-width=\"1212\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p> One final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.</p><p><blockquote>我们最近讨论的最后一点是高盛的观察，即短期SPX期权（每周）和远离季度的趋势仍在继续，这与散户参与交易的不断增加相一致。这也是周五SPX到期时间小于最近许多季度的原因之一，也是为什么随着到期时间的临近，其交易量一直在下降的原因之一。</blockquote></p><p> As Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,<b>the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,</b>and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"</p><p><blockquote>正如高盛所解释的那样，投资者越来越多地采用SPX到期的完整日历，包括每周一和周三的到期，因为他们围绕事件调整了自己的观点。事实上，<b>第三个周五到期的SPX期权交易量百分比处于历史最低点，</b>现在低于周一和周三到期的百分比。超短期交易量增加的一个解释是强劲的单一股票交易量：高盛提出了一个兴趣——“在某种程度上，做市商无法弥补散户投资者看涨期权买入产生的单一股票空头伽马，他们可能会积极交易超短期SPX指数期权的多头头寸，以抵消这种伽马。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bd0e886a62a61c70b0f299bd6c032a24\" tg-width=\"954\" tg-height=\"1128\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Why is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.<b>Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!</b></p><p><blockquote>为什么这很重要？因为如果这种趋势足够大，它会直接导致低隐含和实现的相关性。<b>具有讽刺意味的是，通过增加单一名称“最受做空的名称”，散户投资者正在市场的其他部分迎来一段非正统的平静时期！</b></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets\">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":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF"},"source_url":"https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191245053","content_text":"Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").\nSo picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.\n\nYet while these totals are massive,when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.\n\nIt's worth noting that according to Goldman estimates that combos accountfor 15-20% of SPX options,so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.\n\nThe Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPXrealized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.\n\nThis contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.\n\nThen, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees thatthe extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:the market will become much more volatile in a selloff.\n\nMeanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.\n\nOne final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.\nAs Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"\n\nWhy is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":613,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160367606,"gmtCreate":1623773021305,"gmtModify":1623808585504,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3586198471249922","authorIdStr":"3586198471249922"},"themes":[],"htmlText":"OK!","listText":"OK!","text":"OK!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160367606","repostId":"1121368819","repostType":4,"isVote":1,"tweetType":1,"viewCount":680,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":695774759,"gmtCreate":1641640240806,"gmtModify":1641640240806,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586198471249922","idStr":"3586198471249922"},"themes":[],"htmlText":"ok!","listText":"ok!","text":"ok!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/695774759","repostId":"2201214004","repostType":4,"isVote":1,"tweetType":1,"viewCount":2905,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":172455857,"gmtCreate":1626983964379,"gmtModify":1626983964379,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586198471249922","idStr":"3586198471249922"},"themes":[],"htmlText":"pretend pretend pretend","listText":"pretend pretend pretend","text":"pretend pretend pretend","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/172455857","repostId":"1172546594","repostType":4,"repost":{"id":"1172546594","kind":"news","pubTimestamp":1626963813,"share":"https://www.laohu8.com/m/news/1172546594?lang=zh_CN&edition=full","pubTime":"2021-07-22 22:23","market":"us","language":"en","title":"Biden Downplays Inflation, Predicts Businesses Will Be In 'Bind' Over Labor Shortages, Then Has Brain Freeze<blockquote>拜登淡化通胀，预测企业将因劳动力短缺而“陷入困境”，然后大脑冻结</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1172546594","media":"zerohedge","summary":"President Joe Biden waved off long-term inflation concerns on Wednesday, telling aCNNtown hall in Ci","content":"<p>President Joe Biden waved off long-term inflation concerns on Wednesday, telling a<i>CNN</i>town hall in Cincinnati that it won't persist as the economy emerges from the pandemic.</p><p><blockquote>美国总统乔·拜登周三对长期通胀担忧不屑一顾，他告诉<i>CNN</i>辛辛那提市政厅表示，随着经济走出疫情，这种情况不会持续下去。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/667604940c5d09d04d8141c6810c2609\" tg-width=\"500\" tg-height=\"304\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> \"<b>There will be near-term inflation</b>\" because the economy is recovering, he said, adding that 'most economists' think \"it’s highly unlikely that it’s going to be long-term inflation that’s going to get out of hand.\"</p><p><blockquote>\"<b>近期将出现通货膨胀</b>“因为经济正在复苏，”他说，并补充说，“大多数经济学家”认为“长期通胀不太可能失控。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1a683ce14e2b21dab4dac41ad2dcd5ac\" tg-width=\"513\" tg-height=\"507\" width=\"100%\" height=\"auto\">He then cautioned restaurant owners and others in the hospitality sector that recovery may not be swift - telling one restaurant owner that he may be \"in a bind for a while\" because workers are seeking better wages and working conditions, according to<i>Bloomberg</i>.</p><p><blockquote>随后，他警告餐馆老板和酒店业的其他人，复苏可能不会很快——据报道，他告诉一位餐馆老板，他可能会“陷入困境一段时间”，因为工人们正在寻求更好的工资和工作条件<i>彭博社</i>.</blockquote></p><p> <b>\"It really is a matter of people deciding now that they have opportunities to do other things</b>,\" he said, adding \"People are looking to make more money and to bargain.\"</p><p><blockquote><b>“这真的是人们决定现在有机会做其他事情的问题。”</b>，”他说，并补充道，“人们希望赚更多的钱并讨价还价。”</blockquote></p><p>   <i>Inflation has become a political liability for the White House in recent weeks. The U.S. experienced the largest surge in consumer prices in more than 12 years last month, with a Labor Department gauge rising 5.4% compared to one year ago.</i>    <i>“</i>  <i><b>Inflation is driving the cost of everything through the roof</b></i>  <i>,” Senate Minority Leader Mitch McConnell of Kentucky said at a news conference Wednesday opposing Democratic calls for Biden’s long-term social spending plan. -Bloomberg</i>  Republicans, meanwhile, largely blame Biden and Democrats for the labor shortages at restaurants and other low-wage businesses<b>because overly-generous pandemic stimulus has removed incentives to get back to work</b>. Biden, in response, suggests these low-margin businesses should simply pay people more - calling rising wages a \"feature' of his economic plans.</p><p><blockquote><i>最近几周，通货膨胀已经成为白宫的政治负担。上个月，美国消费者价格出现了12年多来最大的涨幅，劳工部的数据比一年前上涨了5.4%。</i><i>“</i><i><b>通货膨胀正在推动所有东西的成本飙升</b></i><i>，”肯塔基参议院少数党领袖Mitch McConnell在周三的新闻发布会上表示，他反对民主党评级拜登的长期社会支出计划。-彭博社</i>与此同时，共和党人主要将餐馆和其他低工资企业的劳动力短缺归咎于拜登和民主党<b>因为过于慷慨的大流行刺激措施已经消除了重返工作岗位的动力</b>作为回应，拜登建议这些低利润企业应该向人们支付更多工资——称工资上涨是他经济计划的一个“特色”。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6dd04b1d760874109565cfabae2d919e\" tg-width=\"971\" tg-height=\"559\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>J</b><b>ob openings continue to hit record highs</b>despite elevated unemployment. According to the report, the hotel and restaurant industries had 1.25 million vacant jobs in May, up from 807,000 in February 2020.</p><p><blockquote><b>J</b><b>ob开工率继续创历史新高</b>尽管失业率居高不下。报告显示，5月份酒店和餐饮业有125万个职位空缺，高于2020年2月的80.7万个。</blockquote></p><p> \"A lot of people who work as waiters and waitresses decided that they don’t want to do that anymore because there’s other opportunities and higher wages, because there’s a lot of openings now and jobs and people are beginning to move,\" said Biden.</p><p><blockquote>拜登说：“很多做服务员的人决定不想再这样做了，因为还有其他机会和更高的工资，因为现在有很多职位空缺，工作和人员开始流动。”</blockquote></p><p> <b>Infrastructure, Vaccinations</b></p><p><blockquote><b>基础设施、疫苗接种</b></blockquote></p><p> Biden also expressed confidence that he can still secure the passage of a $1 trillion bipartisan infrastructure package despite GOP lawmakers blocking its first congressional vote on Wednesday - which Biden called \"irrelevant.\"</p><p><blockquote>拜登还表示相信，尽管共和党议员周三阻止了第一次国会投票——拜登称这“无关紧要”，但他仍然可以确保1万亿美元的两党基础设施一揽子计划获得通过。</blockquote></p><p> \"It’s necessary, I really mean it. It’s going to not only increase job opportunities but increase commerce. It’s a good thing and I think we’re going to get it done,\" he said.</p><p><blockquote>“这是必要的，我是认真的。这不仅会增加就业机会，还会增加商业。这是一件好事，我认为我们会完成它，”他说。</blockquote></p><p> As the<i>Financial Times</i>notes, \"Although US growth and job creation have jumped since Biden took office in January,<b>the economic outlook has been clouded by the resurgence of coronavirus because of the rapid spread of the contagious Delta variant as well as an unnerving rise in inflation</b>.\"</p><p><blockquote>作为<i>金融时报</i>指出，“尽管自拜登一月份上任以来美国经济增长和就业创造大幅增长，<b>由于传染性德尔塔变异毒株的迅速传播以及令人不安的通胀上升，冠状病毒的死灰复燃给经济前景蒙上了阴影</b>.\"</blockquote></p><p> Biden also pushed vaccinations, which have slowed in the United States as cases nudge higher. He said they would receive final approval from the Food and Drug Administration soon, and would be available for children under the age of 12.</p><p><blockquote>拜登还推动了疫苗接种，随着病例数逐渐增加，美国的疫苗接种速度有所放缓。他说，他们将很快获得食品药品监督管理局的最终批准，并将提供给12岁以下的儿童。</blockquote></p><p> \"We have a pandemic for those who haven’t gotten the vaccination. It’s that basic, that simple,\" he said. \"<u><i><b>If you’re vaccinated, you’re not going to be hospitalized</b></i></u>.<i><b>You’re not going to be in an ICU unit. And you are not going to die.</b></i>\"</p><p><blockquote>他说：“对于那些没有接种疫苗的人来说，我们面临着一场大流行。这是最基本、最简单的。”<u><i><b>如果你接种了疫苗，你就不会住院</b></i></u>.<i><b>你不会在重症监护室。你不会死的。</b></i>\"</blockquote></p><p> <b>Except40% of UK hospital admissionsare those who have been vaccinated, while Israel has had even higher numbers</b>, and the most vaccinated countries are experiencing<b>COVID case spikes</b>vs. the least-vaccinated. Meanwhile, over 6,000 people have<i>officially</i>died shortly after receiving the vaccine, according to the&nbsp;CDC.</p><p><blockquote><b>除了英国40%的住院患者是已接种疫苗的人，而以色列的人数甚至更高</b>，而接种疫苗最多的国家正在经历<b>新冠病例激增</b>与接种疫苗最少的人相比。与此同时，超过6,000人<i>正式地</i>据疾病预防控制中心称，在接种疫苗后不久死亡。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/174a8c547f5a0be8e7a4018d1d646579\" tg-width=\"916\" tg-height=\"478\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/17e0835984a9d20a1a321432753ad11f\" tg-width=\"521\" tg-height=\"334\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/0d35eded3a3bfac23a186cb7feee6a80\" tg-width=\"516\" tg-height=\"648\" width=\"100%\" height=\"auto\">Biden had an<b>awkward brain freeze</b>during the vaccine Q&amp;A.</p><p><blockquote>拜登有一个<b>笨拙的大脑冻结</b>在疫苗问答过程中。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/106e46a3028532086fc49841235f2fd1\" tg-width=\"510\" tg-height=\"460\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/83ce29d43f252b5b72c5106e5d5f3652\" tg-width=\"518\" tg-height=\"552\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>Filibuster</b></p><p><blockquote><b>阻挠议事</b></blockquote></p><p></p><p> Biden slammed Republican legislators over voting integrity legislation, calling them \"Jim Crow on steroids,\" however<b>he maintained his support for the legislative filibuster</b>.</p><p><blockquote>然而，拜登抨击共和党立法者投票支持诚信立法，称他们为“服用类固醇的吉姆·克劳”<b>他坚持支持立法阻挠</b>.</blockquote></p><p> \"There’s no reason to protect it other than you’re going to throw the entire Congress into chaos and nothing will get done,\" adding \"Nothing at all will get done.\" He followed up by saying that there was 'too much at stake' to risk that level of 'chaos' that a filibuster fight would ignite.</p><p><blockquote>“没有理由保护它，除非你会让整个国会陷入混乱，什么也做不了，”他补充道，“什么也做不了。”他接着说，有“太多的利害关系”，不能冒阻挠议事会引发那种程度的“混乱”的风险。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/76d8c272e874c5a6f1934e8124015d02\" tg-width=\"516\" tg-height=\"641\" 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; 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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\">\nBiden Downplays Inflation, Predicts Businesses Will Be In 'Bind' Over Labor Shortages, Then Has Brain Freeze<blockquote>拜登淡化通胀，预测企业将因劳动力短缺而“陷入困境”，然后大脑冻结</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-07-22 22:23</span>\n</p>\n</h4>\n</header>\n<article>\n<p>President Joe Biden waved off long-term inflation concerns on Wednesday, telling a<i>CNN</i>town hall in Cincinnati that it won't persist as the economy emerges from the pandemic.</p><p><blockquote>美国总统乔·拜登周三对长期通胀担忧不屑一顾，他告诉<i>CNN</i>辛辛那提市政厅表示，随着经济走出疫情，这种情况不会持续下去。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/667604940c5d09d04d8141c6810c2609\" tg-width=\"500\" tg-height=\"304\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> \"<b>There will be near-term inflation</b>\" because the economy is recovering, he said, adding that 'most economists' think \"it’s highly unlikely that it’s going to be long-term inflation that’s going to get out of hand.\"</p><p><blockquote>\"<b>近期将出现通货膨胀</b>“因为经济正在复苏，”他说，并补充说，“大多数经济学家”认为“长期通胀不太可能失控。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/1a683ce14e2b21dab4dac41ad2dcd5ac\" tg-width=\"513\" tg-height=\"507\" width=\"100%\" height=\"auto\">He then cautioned restaurant owners and others in the hospitality sector that recovery may not be swift - telling one restaurant owner that he may be \"in a bind for a while\" because workers are seeking better wages and working conditions, according to<i>Bloomberg</i>.</p><p><blockquote>随后，他警告餐馆老板和酒店业的其他人，复苏可能不会很快——据报道，他告诉一位餐馆老板，他可能会“陷入困境一段时间”，因为工人们正在寻求更好的工资和工作条件<i>彭博社</i>.</blockquote></p><p> <b>\"It really is a matter of people deciding now that they have opportunities to do other things</b>,\" he said, adding \"People are looking to make more money and to bargain.\"</p><p><blockquote><b>“这真的是人们决定现在有机会做其他事情的问题。”</b>，”他说，并补充道，“人们希望赚更多的钱并讨价还价。”</blockquote></p><p>   <i>Inflation has become a political liability for the White House in recent weeks. The U.S. experienced the largest surge in consumer prices in more than 12 years last month, with a Labor Department gauge rising 5.4% compared to one year ago.</i>    <i>“</i>  <i><b>Inflation is driving the cost of everything through the roof</b></i>  <i>,” Senate Minority Leader Mitch McConnell of Kentucky said at a news conference Wednesday opposing Democratic calls for Biden’s long-term social spending plan. -Bloomberg</i>  Republicans, meanwhile, largely blame Biden and Democrats for the labor shortages at restaurants and other low-wage businesses<b>because overly-generous pandemic stimulus has removed incentives to get back to work</b>. Biden, in response, suggests these low-margin businesses should simply pay people more - calling rising wages a \"feature' of his economic plans.</p><p><blockquote><i>最近几周，通货膨胀已经成为白宫的政治负担。上个月，美国消费者价格出现了12年多来最大的涨幅，劳工部的数据比一年前上涨了5.4%。</i><i>“</i><i><b>通货膨胀正在推动所有东西的成本飙升</b></i><i>，”肯塔基参议院少数党领袖Mitch McConnell在周三的新闻发布会上表示，他反对民主党评级拜登的长期社会支出计划。-彭博社</i>与此同时，共和党人主要将餐馆和其他低工资企业的劳动力短缺归咎于拜登和民主党<b>因为过于慷慨的大流行刺激措施已经消除了重返工作岗位的动力</b>作为回应，拜登建议这些低利润企业应该向人们支付更多工资——称工资上涨是他经济计划的一个“特色”。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/6dd04b1d760874109565cfabae2d919e\" tg-width=\"971\" tg-height=\"559\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>J</b><b>ob openings continue to hit record highs</b>despite elevated unemployment. According to the report, the hotel and restaurant industries had 1.25 million vacant jobs in May, up from 807,000 in February 2020.</p><p><blockquote><b>J</b><b>ob开工率继续创历史新高</b>尽管失业率居高不下。报告显示，5月份酒店和餐饮业有125万个职位空缺，高于2020年2月的80.7万个。</blockquote></p><p> \"A lot of people who work as waiters and waitresses decided that they don’t want to do that anymore because there’s other opportunities and higher wages, because there’s a lot of openings now and jobs and people are beginning to move,\" said Biden.</p><p><blockquote>拜登说：“很多做服务员的人决定不想再这样做了，因为还有其他机会和更高的工资，因为现在有很多职位空缺，工作和人员开始流动。”</blockquote></p><p> <b>Infrastructure, Vaccinations</b></p><p><blockquote><b>基础设施、疫苗接种</b></blockquote></p><p> Biden also expressed confidence that he can still secure the passage of a $1 trillion bipartisan infrastructure package despite GOP lawmakers blocking its first congressional vote on Wednesday - which Biden called \"irrelevant.\"</p><p><blockquote>拜登还表示相信，尽管共和党议员周三阻止了第一次国会投票——拜登称这“无关紧要”，但他仍然可以确保1万亿美元的两党基础设施一揽子计划获得通过。</blockquote></p><p> \"It’s necessary, I really mean it. It’s going to not only increase job opportunities but increase commerce. It’s a good thing and I think we’re going to get it done,\" he said.</p><p><blockquote>“这是必要的，我是认真的。这不仅会增加就业机会，还会增加商业。这是一件好事，我认为我们会完成它，”他说。</blockquote></p><p> As the<i>Financial Times</i>notes, \"Although US growth and job creation have jumped since Biden took office in January,<b>the economic outlook has been clouded by the resurgence of coronavirus because of the rapid spread of the contagious Delta variant as well as an unnerving rise in inflation</b>.\"</p><p><blockquote>作为<i>金融时报</i>指出，“尽管自拜登一月份上任以来美国经济增长和就业创造大幅增长，<b>由于传染性德尔塔变异毒株的迅速传播以及令人不安的通胀上升，冠状病毒的死灰复燃给经济前景蒙上了阴影</b>.\"</blockquote></p><p> Biden also pushed vaccinations, which have slowed in the United States as cases nudge higher. He said they would receive final approval from the Food and Drug Administration soon, and would be available for children under the age of 12.</p><p><blockquote>拜登还推动了疫苗接种，随着病例数逐渐增加，美国的疫苗接种速度有所放缓。他说，他们将很快获得食品药品监督管理局的最终批准，并将提供给12岁以下的儿童。</blockquote></p><p> \"We have a pandemic for those who haven’t gotten the vaccination. It’s that basic, that simple,\" he said. \"<u><i><b>If you’re vaccinated, you’re not going to be hospitalized</b></i></u>.<i><b>You’re not going to be in an ICU unit. And you are not going to die.</b></i>\"</p><p><blockquote>他说：“对于那些没有接种疫苗的人来说，我们面临着一场大流行。这是最基本、最简单的。”<u><i><b>如果你接种了疫苗，你就不会住院</b></i></u>.<i><b>你不会在重症监护室。你不会死的。</b></i>\"</blockquote></p><p> <b>Except40% of UK hospital admissionsare those who have been vaccinated, while Israel has had even higher numbers</b>, and the most vaccinated countries are experiencing<b>COVID case spikes</b>vs. the least-vaccinated. Meanwhile, over 6,000 people have<i>officially</i>died shortly after receiving the vaccine, according to the&nbsp;CDC.</p><p><blockquote><b>除了英国40%的住院患者是已接种疫苗的人，而以色列的人数甚至更高</b>，而接种疫苗最多的国家正在经历<b>新冠病例激增</b>与接种疫苗最少的人相比。与此同时，超过6,000人<i>正式地</i>据疾病预防控制中心称，在接种疫苗后不久死亡。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/174a8c547f5a0be8e7a4018d1d646579\" tg-width=\"916\" tg-height=\"478\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/17e0835984a9d20a1a321432753ad11f\" tg-width=\"521\" tg-height=\"334\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/0d35eded3a3bfac23a186cb7feee6a80\" tg-width=\"516\" tg-height=\"648\" width=\"100%\" height=\"auto\">Biden had an<b>awkward brain freeze</b>during the vaccine Q&amp;A.</p><p><blockquote>拜登有一个<b>笨拙的大脑冻结</b>在疫苗问答过程中。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/106e46a3028532086fc49841235f2fd1\" tg-width=\"510\" tg-height=\"460\" width=\"100%\" height=\"auto\"><img src=\"https://static.tigerbbs.com/83ce29d43f252b5b72c5106e5d5f3652\" tg-width=\"518\" tg-height=\"552\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p> <b>Filibuster</b></p><p><blockquote><b>阻挠议事</b></blockquote></p><p></p><p> Biden slammed Republican legislators over voting integrity legislation, calling them \"Jim Crow on steroids,\" however<b>he maintained his support for the legislative filibuster</b>.</p><p><blockquote>然而，拜登抨击共和党立法者投票支持诚信立法，称他们为“服用类固醇的吉姆·克劳”<b>他坚持支持立法阻挠</b>.</blockquote></p><p> \"There’s no reason to protect it other than you’re going to throw the entire Congress into chaos and nothing will get done,\" adding \"Nothing at all will get done.\" He followed up by saying that there was 'too much at stake' to risk that level of 'chaos' that a filibuster fight would ignite.</p><p><blockquote>“没有理由保护它，除非你会让整个国会陷入混乱，什么也做不了，”他补充道，“什么也做不了。”他接着说，有“太多的利害关系”，不能冒阻挠议事会引发那种程度的“混乱”的风险。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/76d8c272e874c5a6f1934e8124015d02\" tg-width=\"516\" tg-height=\"641\" width=\"100%\" height=\"auto\"></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/political/biden-downplays-inflation-predicts-businesses-will-be-bind-over-persistent-labor\">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":{".DJI":"道琼斯","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"https://www.zerohedge.com/political/biden-downplays-inflation-predicts-businesses-will-be-bind-over-persistent-labor","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172546594","content_text":"President Joe Biden waved off long-term inflation concerns on Wednesday, telling aCNNtown hall in Cincinnati that it won't persist as the economy emerges from the pandemic.\n\n\"There will be near-term inflation\" because the economy is recovering, he said, adding that 'most economists' think \"it’s highly unlikely that it’s going to be long-term inflation that’s going to get out of hand.\"\nHe then cautioned restaurant owners and others in the hospitality sector that recovery may not be swift - telling one restaurant owner that he may be \"in a bind for a while\" because workers are seeking better wages and working conditions, according toBloomberg.\n\"It really is a matter of people deciding now that they have opportunities to do other things,\" he said, adding \"People are looking to make more money and to bargain.\"\n\nInflation has become a political liability for the White House in recent weeks. The U.S. experienced the largest surge in consumer prices in more than 12 years last month, with a Labor Department gauge rising 5.4% compared to one year ago.\n\n\n“\nInflation is driving the cost of everything through the roof\n,” Senate Minority Leader Mitch McConnell of Kentucky said at a news conference Wednesday opposing Democratic calls for Biden’s long-term social spending plan. -Bloomberg\n\nRepublicans, meanwhile, largely blame Biden and Democrats for the labor shortages at restaurants and other low-wage businessesbecause overly-generous pandemic stimulus has removed incentives to get back to work. Biden, in response, suggests these low-margin businesses should simply pay people more - calling rising wages a \"feature' of his economic plans.\n\nJob openings continue to hit record highsdespite elevated unemployment. According to the report, the hotel and restaurant industries had 1.25 million vacant jobs in May, up from 807,000 in February 2020.\n\"A lot of people who work as waiters and waitresses decided that they don’t want to do that anymore because there’s other opportunities and higher wages, because there’s a lot of openings now and jobs and people are beginning to move,\" said Biden.\nInfrastructure, Vaccinations\nBiden also expressed confidence that he can still secure the passage of a $1 trillion bipartisan infrastructure package despite GOP lawmakers blocking its first congressional vote on Wednesday - which Biden called \"irrelevant.\"\n\"It’s necessary, I really mean it. It’s going to not only increase job opportunities but increase commerce. It’s a good thing and I think we’re going to get it done,\" he said.\nAs theFinancial Timesnotes, \"Although US growth and job creation have jumped since Biden took office in January,the economic outlook has been clouded by the resurgence of coronavirus because of the rapid spread of the contagious Delta variant as well as an unnerving rise in inflation.\"\nBiden also pushed vaccinations, which have slowed in the United States as cases nudge higher. He said they would receive final approval from the Food and Drug Administration soon, and would be available for children under the age of 12.\n\"We have a pandemic for those who haven’t gotten the vaccination. It’s that basic, that simple,\" he said. \"If you’re vaccinated, you’re not going to be hospitalized.You’re not going to be in an ICU unit. And you are not going to die.\"\nExcept40% of UK hospital admissionsare those who have been vaccinated, while Israel has had even higher numbers, and the most vaccinated countries are experiencingCOVID case spikesvs. the least-vaccinated. Meanwhile, over 6,000 people haveofficiallydied shortly after receiving the vaccine, according to the CDC.\nBiden had anawkward brain freezeduring the vaccine Q&A.\n\nFilibuster\nBiden slammed Republican legislators over voting integrity legislation, calling them \"Jim Crow on steroids,\" howeverhe maintained his support for the legislative filibuster.\n\"There’s no reason to protect it other than you’re going to throw the entire Congress into chaos and nothing will get done,\" adding \"Nothing at all will get done.\" He followed up by saying that there was 'too much at stake' to risk that level of 'chaos' that a filibuster fight would ignite.","news_type":1,"symbols_score_info":{".DJI":0.9,".IXIC":0.9,".SPX":0.9,"SPY":0.9}},"isVote":1,"tweetType":1,"viewCount":1781,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":124940858,"gmtCreate":1624723379474,"gmtModify":1624723379474,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586198471249922","idStr":"3586198471249922"},"themes":[],"htmlText":"Answer: I think so","listText":"Answer: I think so","text":"Answer: I think so","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/124940858","repostId":"1164137597","repostType":4,"isVote":1,"tweetType":1,"viewCount":815,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":173338248,"gmtCreate":1626614296284,"gmtModify":1626614296284,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586198471249922","idStr":"3586198471249922"},"themes":[],"htmlText":"president revealed the truth!","listText":"president revealed the truth!","text":"president revealed the truth!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/173338248","repostId":"2152368129","repostType":4,"isVote":1,"tweetType":1,"viewCount":1952,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":148518256,"gmtCreate":1625987115175,"gmtModify":1625987115175,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586198471249922","idStr":"3586198471249922"},"themes":[],"htmlText":"Would anyone do?&nbsp;","listText":"Would anyone do?&nbsp;","text":"Would anyone do?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/148518256","repostId":"1106289851","repostType":4,"repost":{"id":"1106289851","kind":"news","pubTimestamp":1625972710,"share":"https://www.laohu8.com/m/news/1106289851?lang=zh_CN&edition=full","pubTime":"2021-07-11 11:05","market":"us","language":"en","title":"PepsiCo Reports Earnings Next Week. Buy the Stock Now, Analyst Says.<blockquote>百事公司下周公布财报。分析师表示，立即购买该股票。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1106289851","media":"Barrons","summary":"A PepsiCo bull is getting out ahead of the beverage and snack giant’s second-quarter report Tuesday:","content":"<p>A PepsiCo bull is getting out ahead of the beverage and snack giant’s second-quarter report Tuesday: She’s making a buy recommendation now.</p><p><blockquote>在这家饮料和零食巨头周二发布第二季度报告之前，百事可乐的看涨者即将离场：她现在提出买入建议。</blockquote></p><p> On Friday, Cowen &amp; Co. analyst Vivien Azer reiterated an Outperform rating and $165 price target on PepsiCo (ticker: PEP). She’s modeling for the company to earn $1.51 a share, 2 cents below the average analyst estimate—although she notes that figure could be conservative—and organic revenue growth of 8.6%.</p><p><blockquote>周五，Cowen&amp;Co.分析师Vivien Azer重申了百事可乐（股票代码：PEP）跑赢大盘的评级和165美元的目标价。她预测该公司每股收益为1.51美元，比分析师平均预期低2美分（尽管她指出这个数字可能比较保守），有机收入增长为8.6%。</blockquote></p><p> Azer expects Frito Lay North America’s organic revenue growth to be 4%, and notes the division is holding up well despite difficult year-over-year comparisons when more consumers were snacking at home during Covid-19 restrictions.</p><p><blockquote>Azer预计Frito Lay North America的有机收入增长为4%，并指出，尽管在Covid-19限制期间有更多消费者在家吃零食，但同比比较困难，该部门仍保持良好。</blockquote></p><p> The analyst believes Pepsi’s North American beverage business, by contrast, will see its easiest comparison of the year in the second quarter, and points out that recent data shows it may be pulling ahead of Coca-Cola (KO) in terms of sales growth.</p><p><blockquote>该分析师认为，相比之下，百事可乐的北美饮料业务将在第二季度实现今年最容易的比较，并指出最近的数据显示，百事可乐在销售增长方面可能领先于可口可乐（KO）。</blockquote></p><p> Also, overall Covid-related costs should be down because of a strong vaccine rollout in the U.S., which accounts for nearly two-thirds of Pepsi’s profits. Still, Azer wrote, the lingering pandemic threat in Latin America could be a headwind in that region.</p><p><blockquote>此外，由于美国疫苗的大力推广，与Covid相关的总体成本应该会下降，美国占百事可乐利润的近三分之二。尽管如此，阿泽写道，拉丁美洲挥之不去的流行病威胁可能会成为该地区的阻力。</blockquote></p><p> Other analysts have been&nbsp;optimistic about Pepsi’s earnings&nbsp;as well. A little over half of the 23 tracked by FactSet rate it at Buy or the equivalent, with 43% on the sidelines and one bearish call. The average analyst price target is $156.02.</p><p><blockquote>其他分析师也对百事可乐的盈利持乐观态度。FactSet追踪的23家公司中，略多于一半的公司将其评级为“买入”或同等评级，43%的公司持观望态度，其中一名看涨期权看跌。分析师平均目标价为156.02美元。</blockquote></p><p> Consensus calls for Pepsi to earn $1.53 a share on revenue of $17.97 billion. That’s up from EPS of $1.21 and revenue of $14.82 billion in the&nbsp;previous quarter, reported in April. Pepsi’s EPS hasn’t missed quarterly expectations in the past five years.</p><p><blockquote>评级一致认为百事可乐每股收益1.53美元，营收179.7亿美元。这高于4月份报告的上一季度每股收益1.21美元和营收148.2亿美元。百事可乐的每股收益在过去五年中没有低于季度预期。</blockquote></p><p> Pepsi will host a conference call at 8:15 a.m. Eastern time Tuesday.</p><p><blockquote>百事可乐将于上午8点15分举办电话会议。东部时间周二。</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>PepsiCo Reports Earnings Next Week. Buy the Stock Now, Analyst Says.<blockquote>百事公司下周公布财报。分析师表示，立即购买该股票。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPepsiCo Reports Earnings Next Week. Buy the Stock Now, Analyst Says.<blockquote>百事公司下周公布财报。分析师表示，立即购买该股票。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-07-11 11:05</span>\n</p>\n</h4>\n</header>\n<article>\n<p>A PepsiCo bull is getting out ahead of the beverage and snack giant’s second-quarter report Tuesday: She’s making a buy recommendation now.</p><p><blockquote>在这家饮料和零食巨头周二发布第二季度报告之前，百事可乐的看涨者即将离场：她现在提出买入建议。</blockquote></p><p> On Friday, Cowen &amp; Co. analyst Vivien Azer reiterated an Outperform rating and $165 price target on PepsiCo (ticker: PEP). She’s modeling for the company to earn $1.51 a share, 2 cents below the average analyst estimate—although she notes that figure could be conservative—and organic revenue growth of 8.6%.</p><p><blockquote>周五，Cowen&amp;Co.分析师Vivien Azer重申了百事可乐（股票代码：PEP）跑赢大盘的评级和165美元的目标价。她预测该公司每股收益为1.51美元，比分析师平均预期低2美分（尽管她指出这个数字可能比较保守），有机收入增长为8.6%。</blockquote></p><p> Azer expects Frito Lay North America’s organic revenue growth to be 4%, and notes the division is holding up well despite difficult year-over-year comparisons when more consumers were snacking at home during Covid-19 restrictions.</p><p><blockquote>Azer预计Frito Lay North America的有机收入增长为4%，并指出，尽管在Covid-19限制期间有更多消费者在家吃零食，但同比比较困难，该部门仍保持良好。</blockquote></p><p> The analyst believes Pepsi’s North American beverage business, by contrast, will see its easiest comparison of the year in the second quarter, and points out that recent data shows it may be pulling ahead of Coca-Cola (KO) in terms of sales growth.</p><p><blockquote>该分析师认为，相比之下，百事可乐的北美饮料业务将在第二季度实现今年最容易的比较，并指出最近的数据显示，百事可乐在销售增长方面可能领先于可口可乐（KO）。</blockquote></p><p> Also, overall Covid-related costs should be down because of a strong vaccine rollout in the U.S., which accounts for nearly two-thirds of Pepsi’s profits. Still, Azer wrote, the lingering pandemic threat in Latin America could be a headwind in that region.</p><p><blockquote>此外，由于美国疫苗的大力推广，与Covid相关的总体成本应该会下降，美国占百事可乐利润的近三分之二。尽管如此，阿泽写道，拉丁美洲挥之不去的流行病威胁可能会成为该地区的阻力。</blockquote></p><p> Other analysts have been&nbsp;optimistic about Pepsi’s earnings&nbsp;as well. A little over half of the 23 tracked by FactSet rate it at Buy or the equivalent, with 43% on the sidelines and one bearish call. The average analyst price target is $156.02.</p><p><blockquote>其他分析师也对百事可乐的盈利持乐观态度。FactSet追踪的23家公司中，略多于一半的公司将其评级为“买入”或同等评级，43%的公司持观望态度，其中一名看涨期权看跌。分析师平均目标价为156.02美元。</blockquote></p><p> Consensus calls for Pepsi to earn $1.53 a share on revenue of $17.97 billion. That’s up from EPS of $1.21 and revenue of $14.82 billion in the&nbsp;previous quarter, reported in April. Pepsi’s EPS hasn’t missed quarterly expectations in the past five years.</p><p><blockquote>评级一致认为百事可乐每股收益1.53美元，营收179.7亿美元。这高于4月份报告的上一季度每股收益1.21美元和营收148.2亿美元。百事可乐的每股收益在过去五年中没有低于季度预期。</blockquote></p><p> Pepsi will host a conference call at 8:15 a.m. Eastern time Tuesday.</p><p><blockquote>百事可乐将于上午8点15分举办电话会议。东部时间周二。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/pepsico-reports-earnings-next-week-buy-the-stock-now-analyst-says-51625863176?mod=RTA\">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":{"PEP":"百事可乐"},"source_url":"https://www.barrons.com/articles/pepsico-reports-earnings-next-week-buy-the-stock-now-analyst-says-51625863176?mod=RTA","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1106289851","content_text":"A PepsiCo bull is getting out ahead of the beverage and snack giant’s second-quarter report Tuesday: She’s making a buy recommendation now.\nOn Friday, Cowen & Co. analyst Vivien Azer reiterated an Outperform rating and $165 price target on PepsiCo (ticker: PEP). She’s modeling for the company to earn $1.51 a share, 2 cents below the average analyst estimate—although she notes that figure could be conservative—and organic revenue growth of 8.6%.\nAzer expects Frito Lay North America’s organic revenue growth to be 4%, and notes the division is holding up well despite difficult year-over-year comparisons when more consumers were snacking at home during Covid-19 restrictions.\nThe analyst believes Pepsi’s North American beverage business, by contrast, will see its easiest comparison of the year in the second quarter, and points out that recent data shows it may be pulling ahead of Coca-Cola (KO) in terms of sales growth.\nAlso, overall Covid-related costs should be down because of a strong vaccine rollout in the U.S., which accounts for nearly two-thirds of Pepsi’s profits. Still, Azer wrote, the lingering pandemic threat in Latin America could be a headwind in that region.\nOther analysts have been optimistic about Pepsi’s earnings as well. A little over half of the 23 tracked by FactSet rate it at Buy or the equivalent, with 43% on the sidelines and one bearish call. The average analyst price target is $156.02.\nConsensus calls for Pepsi to earn $1.53 a share on revenue of $17.97 billion. That’s up from EPS of $1.21 and revenue of $14.82 billion in the previous quarter, reported in April. Pepsi’s EPS hasn’t missed quarterly expectations in the past five years.\nPepsi will host a conference call at 8:15 a.m. Eastern time Tuesday.","news_type":1,"symbols_score_info":{"PEP":0.9}},"isVote":1,"tweetType":1,"viewCount":1911,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":172732475,"gmtCreate":1626993602197,"gmtModify":1626993602197,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586198471249922","idStr":"3586198471249922"},"themes":[],"htmlText":"reason?&nbsp;","listText":"reason?&nbsp;","text":"reason?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/172732475","repostId":"1139354130","repostType":4,"repost":{"id":"1139354130","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":1626962203,"share":"https://www.laohu8.com/m/news/1139354130?lang=zh_CN&edition=full","pubTime":"2021-07-22 21:56","market":"us","language":"en","title":"Bilibili fell over 5% in morning trading<blockquote>哔哩哔哩早盘跌超5%</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1139354130","media":"Tiger Newspress","summary":"(July 22) Bilibili Inc. fell over 5% in morning trading.","content":"<p>(July 22)&nbsp;<a href=\"https://laohu8.com/S/BILI\">Bilibili Inc.</a> fell over 5% in morning trading.</p><p><blockquote>（7月22日）<a href=\"https://laohu8.com/S/BILI\">哔哩哔哩</a>早盘跌超5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f2f2967080636503f5d7b0d41cc6698f\" tg-width=\"704\" tg-height=\"486\" referrerpolicy=\"no-referrer\"></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>Bilibili fell over 5% in morning trading<blockquote>哔哩哔哩早盘跌超5%</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBilibili fell over 5% in morning trading<blockquote>哔哩哔哩早盘跌超5%</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-07-22 21:56</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(July 22)&nbsp;<a href=\"https://laohu8.com/S/BILI\">Bilibili Inc.</a> fell over 5% in morning trading.</p><p><blockquote>（7月22日）<a href=\"https://laohu8.com/S/BILI\">哔哩哔哩</a>早盘跌超5%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/f2f2967080636503f5d7b0d41cc6698f\" tg-width=\"704\" tg-height=\"486\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BILI":"哔哩哔哩","09626":"哔哩哔哩-W"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1139354130","content_text":"(July 22) Bilibili Inc. fell over 5% in morning trading.","news_type":1,"symbols_score_info":{"BILI":0.9,"09626":0.9}},"isVote":1,"tweetType":1,"viewCount":1523,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":153003927,"gmtCreate":1624982887069,"gmtModify":1624982887069,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586198471249922","idStr":"3586198471249922"},"themes":[],"htmlText":"Umm... what's the main business of this company?&nbsp;","listText":"Umm... what's the main business of this company?&nbsp;","text":"Umm... what's the main business of this company?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/153003927","repostId":"1172874030","repostType":4,"repost":{"id":"1172874030","kind":"news","pubTimestamp":1624879330,"share":"https://www.laohu8.com/m/news/1172874030?lang=zh_CN&edition=full","pubTime":"2021-06-28 19:22","market":"us","language":"en","title":"Bed Bath & Beyond Is Set to Report Earnings on Wednesday. What to Know.<blockquote>Bed Bath&amp;Beyond将于周三公布收益。知道什么。</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1172874030","media":"Barrons","summary":"After a wild month on the meme stock rollercoaster, Bed Bath & Beyond shares have settled down right","content":"<p>After a wild month on the meme stock rollercoaster, Bed Bath &amp; Beyond shares have settled down right in time for the retailer’s latest earnings report.</p><p><blockquote>在经历了一个月的迷因股票过山车般的疯狂之后，Bed Bath&amp;Beyond的股价在该零售商最新的收益报告发布前及时稳定下来。</blockquote></p><p> Bed Bath &amp; Beyond (ticker: BBBY) is set to report fiscal first-quarter earnings results before the market opens on Wednesday. The Wall Street consensus estimate for the quarter has adjusted earnings at nine cents per share and sales at $1.87 billion,&nbsp;according to FactSet. Analysts forecast same-store sales growth of 76% year-over-year.</p><p><blockquote>Bed Bath&amp;Beyond（股票代码：BBBY）将于周三开盘前公布第一财季盈利结果。FactSet的数据显示，华尔街对该季度的普遍预期调整为每股收益9美分，销售额为18.7亿美元。分析师预测同店销售额同比增长76%。</blockquote></p><p> Wedbush Securities analyst Seth Basham thinks sales will meet expectations, but he’ll be looking for updates on how the company’s market share is holding up. He notes that Bed Bath is facing a relatively easy comparison from last year’s pandemic-impacted period. That will change in quarters to come, as the company will lap periods that saw in uptick in at-home spending.</p><p><blockquote>Wedbush Securities分析师Seth Basham认为销售额将达到预期，但他将寻求有关该公司市场份额如何保持的最新信息。他指出，与去年受大流行影响的时期相比，Bed Bath面临着相对容易的比较。这种情况将在未来几个季度发生变化，因为该公司将经历家庭支出上升的时期。</blockquote></p><p> Bed Bath shares were caught in a broader&nbsp;resurgence for meme stocks&nbsp;at the start of June, but have since settled down. That led BofA Global Research analyst Curtis Nagle to bring back a Buy rating for the stock last week. Nagle dropped his rating after shares spiked 62% on June 2 on little news&nbsp;aside from chatter on social media. That’s a hallmark of&nbsp;meme stocks, which are generally highly shorted companies targeted&nbsp;by retail investors on Reddit.</p><p><blockquote>6月初，Bed Bath股价陷入了meme股票更广泛的复苏，但此后已经稳定下来。这导致美国银行全球研究分析师柯蒂斯·内格尔上周恢复了该股的买入评级。6月2日，除了社交媒体上的聊天之外，几乎没有什么新闻，Nagle股价飙升62%，随后他下调了评级。这是meme股票的一个标志，这些股票通常是Reddit上散户投资者高度做空的公司。</blockquote></p><p> “Since then, [Bed Bath &amp; Beyond] shares are now trading much closer to levels pre-surge, and non-fundamentals drivers such as number of mentions on retail investor online message boards, trading volumes, and short interest have moderated,” Nagle wrote.</p><p><blockquote>“从那时起，[Bed Bath&amp;Beyond]股价现在的交易价格已接近飙升前的水平，散户投资者在线留言板上的提及次数、交易量和空头兴趣等非基本面驱动因素也有所放缓，”Nagle写道。</blockquote></p><p> Nagle also brought back a $38 price objective. He expects the company to hit earnings before interest, taxes, depreciation, and amortization, or Ebitda, of between $850 million and $1 billion by 2023.</p><p><blockquote>Nagle还恢复了38美元的目标价。他预计，到2023年，该公司的息税折旧摊销前利润（Ebitda）将达到8.5亿至10亿美元。</blockquote></p><p> Bed Bath’s meme stock status has somewhat obscured efforts by CEO Mark Tritton to&nbsp;turn the company around. Nagle notes that the company’s balance sheet is in a strong place, with about $1.35 billion in cash and negative net debt of $200 million.</p><p><blockquote>Bed Bath的meme股票地位在一定程度上掩盖了首席执行官马克·特里顿(Mark Tritton)扭转公司局面的努力。Nagle指出，该公司的资产负债表状况强劲，现金约为13.5亿美元，净债务为2亿美元。</blockquote></p><p> He also argues the company is heading into its&nbsp;largest new product rollout&nbsp;in history, as the company rolls out new private label brands. Tritton told&nbsp;<i>Barron’s</i>&nbsp;earlier this year such efforts&nbsp;would play a role&nbsp;in the retailer’s turnaround.</p><p><blockquote>他还认为，随着公司推出新的自有品牌，该公司正在进入历史上最大规模的新产品推出。特里顿告诉<i>巴伦周刊</i>今年早些时候，这些努力将在零售商的扭亏为盈中发挥作用。</blockquote></p><p> Nagle also points to store closures at underperforming locations and reopening tailwinds from back to school and wedding registry shoppers that should benefit the retailer.</p><p><blockquote>内格尔还指出，表现不佳的地点的商店关闭以及返校和婚礼登记处购物者的重新开业应该会使零售商受益。</blockquote></p><p> Of course, investors will need to be wary of social media and short seller activity. June wasn’t the first time the stock was caught in meme stock volatility. Bed Bath saw shares surge in January along with&nbsp;GameStop(GME) and&nbsp;AMC Entertainment Holdings(AMC).</p><p><blockquote>当然，投资者需要警惕社交媒体和卖空者活动。六月并不是该股第一次陷入模因股票波动。Bed Bath的股价一月份与游戏驿站(GME)和AMC院线控股(AMC)一起飙升。</blockquote></p><p> Analysts are mixed on the company’s prospects. Of the 21 analysts covering Bed Bath stock, two have Buy ratings, 13 have Neutral ratings, while six have Sell or equivalent ratings, according to FactSet. Their mean price target is $26.43, implying 12.1% downside from recent levels.</p><p><blockquote>分析师对该公司的前景褒贬不一。FactSet的数据显示，在研究Bed Bath股票的21名分析师中，2名分析师给予买入评级，13名分析师给予中性评级，6名分析师给予卖出或同等评级。他们的平均目标价为26.43美元，意味着较近期水平下跌12.1%。</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>Bed Bath & Beyond Is Set to Report Earnings on Wednesday. What to Know.<blockquote>Bed Bath&amp;Beyond将于周三公布收益。知道什么。</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBed Bath & Beyond Is Set to Report Earnings on Wednesday. What to Know.<blockquote>Bed Bath&amp;Beyond将于周三公布收益。知道什么。</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Barrons</strong><span class=\"h-time small\">2021-06-28 19:22</span>\n</p>\n</h4>\n</header>\n<article>\n<p>After a wild month on the meme stock rollercoaster, Bed Bath &amp; Beyond shares have settled down right in time for the retailer’s latest earnings report.</p><p><blockquote>在经历了一个月的迷因股票过山车般的疯狂之后，Bed Bath&amp;Beyond的股价在该零售商最新的收益报告发布前及时稳定下来。</blockquote></p><p> Bed Bath &amp; Beyond (ticker: BBBY) is set to report fiscal first-quarter earnings results before the market opens on Wednesday. The Wall Street consensus estimate for the quarter has adjusted earnings at nine cents per share and sales at $1.87 billion,&nbsp;according to FactSet. Analysts forecast same-store sales growth of 76% year-over-year.</p><p><blockquote>Bed Bath&amp;Beyond（股票代码：BBBY）将于周三开盘前公布第一财季盈利结果。FactSet的数据显示，华尔街对该季度的普遍预期调整为每股收益9美分，销售额为18.7亿美元。分析师预测同店销售额同比增长76%。</blockquote></p><p> Wedbush Securities analyst Seth Basham thinks sales will meet expectations, but he’ll be looking for updates on how the company’s market share is holding up. He notes that Bed Bath is facing a relatively easy comparison from last year’s pandemic-impacted period. That will change in quarters to come, as the company will lap periods that saw in uptick in at-home spending.</p><p><blockquote>Wedbush Securities分析师Seth Basham认为销售额将达到预期，但他将寻求有关该公司市场份额如何保持的最新信息。他指出，与去年受大流行影响的时期相比，Bed Bath面临着相对容易的比较。这种情况将在未来几个季度发生变化，因为该公司将经历家庭支出上升的时期。</blockquote></p><p> Bed Bath shares were caught in a broader&nbsp;resurgence for meme stocks&nbsp;at the start of June, but have since settled down. That led BofA Global Research analyst Curtis Nagle to bring back a Buy rating for the stock last week. Nagle dropped his rating after shares spiked 62% on June 2 on little news&nbsp;aside from chatter on social media. That’s a hallmark of&nbsp;meme stocks, which are generally highly shorted companies targeted&nbsp;by retail investors on Reddit.</p><p><blockquote>6月初，Bed Bath股价陷入了meme股票更广泛的复苏，但此后已经稳定下来。这导致美国银行全球研究分析师柯蒂斯·内格尔上周恢复了该股的买入评级。6月2日，除了社交媒体上的聊天之外，几乎没有什么新闻，Nagle股价飙升62%，随后他下调了评级。这是meme股票的一个标志，这些股票通常是Reddit上散户投资者高度做空的公司。</blockquote></p><p> “Since then, [Bed Bath &amp; Beyond] shares are now trading much closer to levels pre-surge, and non-fundamentals drivers such as number of mentions on retail investor online message boards, trading volumes, and short interest have moderated,” Nagle wrote.</p><p><blockquote>“从那时起，[Bed Bath&amp;Beyond]股价现在的交易价格已接近飙升前的水平，散户投资者在线留言板上的提及次数、交易量和空头兴趣等非基本面驱动因素也有所放缓，”Nagle写道。</blockquote></p><p> Nagle also brought back a $38 price objective. He expects the company to hit earnings before interest, taxes, depreciation, and amortization, or Ebitda, of between $850 million and $1 billion by 2023.</p><p><blockquote>Nagle还恢复了38美元的目标价。他预计，到2023年，该公司的息税折旧摊销前利润（Ebitda）将达到8.5亿至10亿美元。</blockquote></p><p> Bed Bath’s meme stock status has somewhat obscured efforts by CEO Mark Tritton to&nbsp;turn the company around. Nagle notes that the company’s balance sheet is in a strong place, with about $1.35 billion in cash and negative net debt of $200 million.</p><p><blockquote>Bed Bath的meme股票地位在一定程度上掩盖了首席执行官马克·特里顿(Mark Tritton)扭转公司局面的努力。Nagle指出，该公司的资产负债表状况强劲，现金约为13.5亿美元，净债务为2亿美元。</blockquote></p><p> He also argues the company is heading into its&nbsp;largest new product rollout&nbsp;in history, as the company rolls out new private label brands. Tritton told&nbsp;<i>Barron’s</i>&nbsp;earlier this year such efforts&nbsp;would play a role&nbsp;in the retailer’s turnaround.</p><p><blockquote>他还认为，随着公司推出新的自有品牌，该公司正在进入历史上最大规模的新产品推出。特里顿告诉<i>巴伦周刊</i>今年早些时候，这些努力将在零售商的扭亏为盈中发挥作用。</blockquote></p><p> Nagle also points to store closures at underperforming locations and reopening tailwinds from back to school and wedding registry shoppers that should benefit the retailer.</p><p><blockquote>内格尔还指出，表现不佳的地点的商店关闭以及返校和婚礼登记处购物者的重新开业应该会使零售商受益。</blockquote></p><p> Of course, investors will need to be wary of social media and short seller activity. June wasn’t the first time the stock was caught in meme stock volatility. Bed Bath saw shares surge in January along with&nbsp;GameStop(GME) and&nbsp;AMC Entertainment Holdings(AMC).</p><p><blockquote>当然，投资者需要警惕社交媒体和卖空者活动。六月并不是该股第一次陷入模因股票波动。Bed Bath的股价一月份与游戏驿站(GME)和AMC院线控股(AMC)一起飙升。</blockquote></p><p> Analysts are mixed on the company’s prospects. Of the 21 analysts covering Bed Bath stock, two have Buy ratings, 13 have Neutral ratings, while six have Sell or equivalent ratings, according to FactSet. Their mean price target is $26.43, implying 12.1% downside from recent levels.</p><p><blockquote>分析师对该公司的前景褒贬不一。FactSet的数据显示，在研究Bed Bath股票的21名分析师中，2名分析师给予买入评级，13名分析师给予中性评级，6名分析师给予卖出或同等评级。他们的平均目标价为26.43美元，意味着较近期水平下跌12.1%。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.barrons.com/articles/bed-bath-beyond-reports-earnings-on-wednesday-look-beyond-the-meme-stock-spotlight-51624654711?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":{"BBBY":"Bed Bath & Beyond, Inc."},"source_url":"https://www.barrons.com/articles/bed-bath-beyond-reports-earnings-on-wednesday-look-beyond-the-meme-stock-spotlight-51624654711?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172874030","content_text":"After a wild month on the meme stock rollercoaster, Bed Bath & Beyond shares have settled down right in time for the retailer’s latest earnings report.\nBed Bath & Beyond (ticker: BBBY) is set to report fiscal first-quarter earnings results before the market opens on Wednesday. The Wall Street consensus estimate for the quarter has adjusted earnings at nine cents per share and sales at $1.87 billion, according to FactSet. Analysts forecast same-store sales growth of 76% year-over-year.\nWedbush Securities analyst Seth Basham thinks sales will meet expectations, but he’ll be looking for updates on how the company’s market share is holding up. He notes that Bed Bath is facing a relatively easy comparison from last year’s pandemic-impacted period. That will change in quarters to come, as the company will lap periods that saw in uptick in at-home spending.\nBed Bath shares were caught in a broader resurgence for meme stocks at the start of June, but have since settled down. That led BofA Global Research analyst Curtis Nagle to bring back a Buy rating for the stock last week. Nagle dropped his rating after shares spiked 62% on June 2 on little news aside from chatter on social media. That’s a hallmark of meme stocks, which are generally highly shorted companies targeted by retail investors on Reddit.\n“Since then, [Bed Bath & Beyond] shares are now trading much closer to levels pre-surge, and non-fundamentals drivers such as number of mentions on retail investor online message boards, trading volumes, and short interest have moderated,” Nagle wrote.\nNagle also brought back a $38 price objective. He expects the company to hit earnings before interest, taxes, depreciation, and amortization, or Ebitda, of between $850 million and $1 billion by 2023.\nBed Bath’s meme stock status has somewhat obscured efforts by CEO Mark Tritton to turn the company around. Nagle notes that the company’s balance sheet is in a strong place, with about $1.35 billion in cash and negative net debt of $200 million.\nHe also argues the company is heading into its largest new product rollout in history, as the company rolls out new private label brands. Tritton told Barron’s earlier this year such efforts would play a role in the retailer’s turnaround.\nNagle also points to store closures at underperforming locations and reopening tailwinds from back to school and wedding registry shoppers that should benefit the retailer.\nOf course, investors will need to be wary of social media and short seller activity. June wasn’t the first time the stock was caught in meme stock volatility. Bed Bath saw shares surge in January along with GameStop(GME) and AMC Entertainment Holdings(AMC).\nAnalysts are mixed on the company’s prospects. Of the 21 analysts covering Bed Bath stock, two have Buy ratings, 13 have Neutral ratings, while six have Sell or equivalent ratings, according to FactSet. Their mean price target is $26.43, implying 12.1% downside from recent levels.","news_type":1,"symbols_score_info":{"BBBY":0.9}},"isVote":1,"tweetType":1,"viewCount":703,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":180376708,"gmtCreate":1623192828604,"gmtModify":1623203328859,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586198471249922","idStr":"3586198471249922"},"themes":[],"htmlText":"yeah I bought it","listText":"yeah I bought it","text":"yeah I bought it","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/180376708","repostId":"1154765176","repostType":4,"isVote":1,"tweetType":1,"viewCount":429,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":186540611,"gmtCreate":1623514092733,"gmtModify":1623514753133,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586198471249922","idStr":"3586198471249922"},"themes":[],"htmlText":"well done!","listText":"well done!","text":"well done!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/186540611","repostId":"2142788912","repostType":4,"isVote":1,"tweetType":1,"viewCount":378,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":619297850,"gmtCreate":1649285859374,"gmtModify":1649285859374,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586198471249922","idStr":"3586198471249922"},"themes":[],"htmlText":"Hey","listText":"Hey","text":"Hey","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/619297850","repostId":"1163802655","repostType":2,"repost":{"id":"1163802655","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":1649233707,"share":"https://www.laohu8.com/m/news/1163802655?lang=zh_CN&edition=full","pubTime":"2022-04-06 16:28","market":"us","language":"en","title":"Some Oil Stocks Gained in Premarket Trading<blockquote>一些石油股在盘前交易中上涨</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1163802655","media":"Tiger Newspress","summary":"Some Oil Stocks Gained in Premarket Trading. Occidental, Shell, Exxon Mobil and Chevron jumped betwe","content":"<p><html><head></head><body>Some Oil Stocks Gained in Premarket Trading. Occidental, Shell, Exxon Mobil and Chevron jumped between 1% and 3%.<img src=\"https://static.tigerbbs.com/9e201d76ac627a7a08c0026623f7fb3f\" tg-width=\"483\" tg-height=\"287\" referrerpolicy=\"no-referrer\"/></p><p><blockquote><html><head></head><body>一些石油股在盘前交易中上涨。西方石油公司、壳牌公司、埃克森美孚公司和雪佛龙公司股价上涨1%至3%。</body></html></blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Some Oil Stocks Gained in Premarket Trading<blockquote>一些石油股在盘前交易中上涨</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\">\nSome Oil Stocks Gained in Premarket Trading<blockquote>一些石油股在盘前交易中上涨</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\">2022-04-06 16:28</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>Some Oil Stocks Gained in Premarket Trading. Occidental, Shell, Exxon Mobil and Chevron jumped between 1% and 3%.<img src=\"https://static.tigerbbs.com/9e201d76ac627a7a08c0026623f7fb3f\" tg-width=\"483\" tg-height=\"287\" referrerpolicy=\"no-referrer\"/></p><p><blockquote><html><head></head><body>一些石油股在盘前交易中上涨。西方石油公司、壳牌公司、埃克森美孚公司和雪佛龙公司股价上涨1%至3%。</body></html></blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"XOM":"埃克森美孚","OXY":"西方石油"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1163802655","content_text":"Some Oil Stocks Gained in Premarket Trading. Occidental, Shell, Exxon Mobil and Chevron jumped between 1% and 3%.","news_type":1,"symbols_score_info":{"XOM":0.9,"OXY":0.9}},"isVote":1,"tweetType":1,"viewCount":2775,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":149514519,"gmtCreate":1625735410531,"gmtModify":1625735410531,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586198471249922","idStr":"3586198471249922"},"themes":[],"htmlText":"what about the Olympics???&nbsp;","listText":"what about the Olympics???&nbsp;","text":"what about the Olympics???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/149514519","repostId":"1102761020","repostType":4,"isVote":1,"tweetType":1,"viewCount":624,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":165957828,"gmtCreate":1624089653664,"gmtModify":1624097473473,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586198471249922","idStr":"3586198471249922"},"themes":[],"htmlText":"Good review","listText":"Good review","text":"Good review","images":[{"img":"https://static.tigerbbs.com/86e18fb4e9e7ca70edf129e32db3f67a","width":"1080","height":"1349"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/165957828","isVote":1,"tweetType":1,"viewCount":746,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":1,"langContent":"EN","totalScore":0},{"id":163851308,"gmtCreate":1623874655904,"gmtModify":1623894756072,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586198471249922","idStr":"3586198471249922"},"themes":[],"htmlText":"Anyone bought Netflix??&nbsp;","listText":"Anyone bought Netflix??&nbsp;","text":"Anyone bought Netflix??","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163851308","repostId":"2143792622","repostType":4,"isVote":1,"tweetType":1,"viewCount":791,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":163939752,"gmtCreate":1623855893476,"gmtModify":1623870183622,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586198471249922","idStr":"3586198471249922"},"themes":[],"htmlText":"OK great!","listText":"OK great!","text":"OK great!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/163939752","repostId":"1167260446","repostType":4,"repost":{"id":"1167260446","kind":"news","pubTimestamp":1623854157,"share":"https://www.laohu8.com/m/news/1167260446?lang=zh_CN&edition=full","pubTime":"2021-06-16 22:35","market":"sh","language":"en","title":"Federal Reserve to announce policy decision at 2 pm ET<blockquote>美联储将于美国东部时间下午2点宣布政策决定</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1167260446","media":"finance.yahoo","summary":"The Federal Reserve will announce its latest policy decision this afternoon.\nAlthough the Fed is exp","content":"<p>The Federal Reserve will announce its latest policy decision this afternoon.</p><p><blockquote>美联储将于今天下午公布最新政策决定。</blockquote></p><p> Although the Fed is expected to keep interest rates pinned at near-zero, the central bankmay offer some clues on when it will slow its aggressive asset purchase program.</p><p><blockquote>尽管预计美联储将把利率维持在接近零的水平，但央行可能会就何时放缓其激进的资产购买计划提供一些线索。</blockquote></p><p> Since the depths of the pandemic, the Fed has been snatching up $120 billion a month in U.S Treasuries and agency mortgage-backed securities.</p><p><blockquote>自疫情最严重以来，美联储每月抢购1200亿美元的美国国债和机构抵押贷款支持证券。</blockquote></p><p> With inflationary pressures rising and the economy on the path to recovery,some Fed officials said they were eager to have discussionson paring back the pace of the so-called quantitative easing program.</p><p><blockquote>随着通胀压力上升和经济走上复苏之路，一些美联储官员表示，他们渴望讨论放缓所谓量化宽松计划的步伐。</blockquote></p><p> But the Fed remains concerned about the recovery in the labor market, asMay jobs datashowed the economy is still 7.6 million jobs short of pre-pandemic levels.</p><p><blockquote>但美联储仍然对劳动力市场的复苏感到担忧，因为5月份的就业数据显示，经济仍比大流行前的水平少760万个就业岗位。</blockquote></p><p> The policy-setting Federal Open Market Committee will release a statement at 2 p.m. ET, alongside a set of economic projections mapping out forecasts for economic indicators like inflation and unemployment.</p><p><blockquote>制定政策的联邦公开市场委员会将于美国东部时间下午2点发布一份声明，同时发布一系列经济预测，对通胀和失业等经济指标进行预测。</blockquote></p><p> Fed Chairman Jerome Powell will then be pressed on the central bank's policy stance at a press conference at 2:30 p.m. ET.</p><p><blockquote>美联储主席杰罗姆·鲍威尔随后将在下午2:30的新闻发布会上被问及央行的政策立场。等。</blockquote></p><p></p>","source":"lsy1612507957220","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>Federal Reserve to announce policy decision at 2 pm ET<blockquote>美联储将于美国东部时间下午2点宣布政策决定</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\">\nFederal Reserve to announce policy decision at 2 pm ET<blockquote>美联储将于美国东部时间下午2点宣布政策决定</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">finance.yahoo</strong><span class=\"h-time small\">2021-06-16 22:35</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The Federal Reserve will announce its latest policy decision this afternoon.</p><p><blockquote>美联储将于今天下午公布最新政策决定。</blockquote></p><p> Although the Fed is expected to keep interest rates pinned at near-zero, the central bankmay offer some clues on when it will slow its aggressive asset purchase program.</p><p><blockquote>尽管预计美联储将把利率维持在接近零的水平，但央行可能会就何时放缓其激进的资产购买计划提供一些线索。</blockquote></p><p> Since the depths of the pandemic, the Fed has been snatching up $120 billion a month in U.S Treasuries and agency mortgage-backed securities.</p><p><blockquote>自疫情最严重以来，美联储每月抢购1200亿美元的美国国债和机构抵押贷款支持证券。</blockquote></p><p> With inflationary pressures rising and the economy on the path to recovery,some Fed officials said they were eager to have discussionson paring back the pace of the so-called quantitative easing program.</p><p><blockquote>随着通胀压力上升和经济走上复苏之路，一些美联储官员表示，他们渴望讨论放缓所谓量化宽松计划的步伐。</blockquote></p><p> But the Fed remains concerned about the recovery in the labor market, asMay jobs datashowed the economy is still 7.6 million jobs short of pre-pandemic levels.</p><p><blockquote>但美联储仍然对劳动力市场的复苏感到担忧，因为5月份的就业数据显示，经济仍比大流行前的水平少760万个就业岗位。</blockquote></p><p> The policy-setting Federal Open Market Committee will release a statement at 2 p.m. ET, alongside a set of economic projections mapping out forecasts for economic indicators like inflation and unemployment.</p><p><blockquote>制定政策的联邦公开市场委员会将于美国东部时间下午2点发布一份声明，同时发布一系列经济预测，对通胀和失业等经济指标进行预测。</blockquote></p><p> Fed Chairman Jerome Powell will then be pressed on the central bank's policy stance at a press conference at 2:30 p.m. ET.</p><p><blockquote>美联储主席杰罗姆·鲍威尔随后将在下午2:30的新闻发布会上被问及央行的政策立场。等。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.yahoo.com/news/fed-fomc-monetary-policy-decision-june-2021-143205185.html\">finance.yahoo</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",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://finance.yahoo.com/news/fed-fomc-monetary-policy-decision-june-2021-143205185.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1167260446","content_text":"The Federal Reserve will announce its latest policy decision this afternoon.\nAlthough the Fed is expected to keep interest rates pinned at near-zero, the central bankmay offer some clues on when it will slow its aggressive asset purchase program.\nSince the depths of the pandemic, the Fed has been snatching up $120 billion a month in U.S Treasuries and agency mortgage-backed securities.\nWith inflationary pressures rising and the economy on the path to recovery,some Fed officials said they were eager to have discussionson paring back the pace of the so-called quantitative easing program.\nBut the Fed remains concerned about the recovery in the labor market, asMay jobs datashowed the economy is still 7.6 million jobs short of pre-pandemic levels.\nThe policy-setting Federal Open Market Committee will release a statement at 2 p.m. ET, alongside a set of economic projections mapping out forecasts for economic indicators like inflation and unemployment.\nFed Chairman Jerome Powell will then be pressed on the central bank's policy stance at a press conference at 2:30 p.m. ET.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":856,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160877400,"gmtCreate":1623789581600,"gmtModify":1623809498155,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586198471249922","idStr":"3586198471249922"},"themes":[],"htmlText":"hello world","listText":"hello world","text":"hello world","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160877400","repostId":"1191245053","repostType":4,"repost":{"id":"1191245053","kind":"news","pubTimestamp":1623762167,"share":"https://www.laohu8.com/m/news/1191245053?lang=zh_CN&edition=full","pubTime":"2021-06-15 21:02","market":"us","language":"en","title":"Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境：周五2万亿美元伽马到期将如何影响市场</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1191245053","media":"zerohedge","summary":"Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers .So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fis","content":"<p>Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").</p><p><blockquote>上周，在讨论将VIX推至新冠大流行爆发以来的最低水平的市场夏季低迷时，我们表示，这段异常的市场平静期可能会持续到本周五的“四女巫”，届时大量的gamma和delta到期并去风险，在此过程中消除了股票的自然下行缓冲之一（请参阅“市场低迷随着下周五的Op-Ex而结束的4个原因”）。</blockquote></p><p> So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,<b>there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.</b></p><p><blockquote>因此，高盛内部衍生品专家洛基·菲什曼(Rocky Fishman)在谈到周五“可能影响市场的运营支出”的话题时，预览了即将到来的6月份到期，他称之为“规模很大——与典型的季度相当”。具体而言，<b>周五有1.8万亿美元的SPX期权到期，此外还有2400亿美元的SPDR标普500指数ETF期权以及2000亿美元的SPX和SPX E-mini期货期权。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/0d1ece116794c7f6523250fd682450e3\" tg-width=\"959\" tg-height=\"765\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Yet while these totals are massive,<b>when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.</b></p><p><blockquote>然而，尽管这些总数很大，<b>根据指数规模进行调整后，当前现货10%以内的到期期权数量比过去十年中的任何一个季度都要少。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/534b677774a92a59d4fe08f09359932b\" tg-width=\"500\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> It's worth noting that according to Goldman estimates that combos account<b>for 15-20% of SPX options,</b>so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.</p><p><blockquote>值得注意的是，根据高盛的估计，combos账户<b>对于15-20%的SPX期权，</b>因此，调整后的未平仓合约总额将达到1.5万亿美元，仍远高于即将到期的单一股票未平仓合约总额（7750亿美元）。此外，由于股市处于历史高位，预计6月份大部分未平仓合约均低于当前SPX现货价格。如下图所示，双峰在3900和4150。这意味着周五之后，在伽马被重新填充之前，这些点周围可能会有一定的“反”重力。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/adfcada2b0ef3f2ebbd684649a613043\" tg-width=\"936\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPX<b>realized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.</b></p><p><blockquote>这位高盛策略师随后解释了他认为低于已实现市场波动率的异常低水平的情况，并指出——正如我们上周讨论的——这与多头伽马头寸一致。考虑一下SPX<b>过去13个交易日的已实现波动率仅为5.1%，为2019年以来最低的13天已实现波动率。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/afffda1e07736784ad695d95a9936421\" tg-width=\"952\" tg-height=\"558\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> This contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.</p><p><blockquote>这与单一股票市场部分地区的极端波动形成鲜明对比；AMC上周是个股中合约量最高的（但名义交易量为70亿美元/天，远低于AMZN领先的1200亿美元/天），同期已实现成交量接近400%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/df2b7aeaadb37160a7eaf0ac08ba31de\" tg-width=\"1236\" tg-height=\"561\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Then, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees that<b>the extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"</b>Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:<u><b>the market will become much more volatile in a selloff.</b></u></p><p><blockquote>然后，正如野村证券的Charlie McElligott上周首次指出的那样，高盛的衍生品团队同意<b>极低的SPX已实现波动性与6月18日离开“华尔街”多头指数gamma的可能性是一致的，在这种情况下，Fishman呼应了我们上周所说的，即“一旦头寸变得更加干净，已实现波动性可能会回升。”</b>与此同时，VIX期货相对于SPX的贝塔值上升表明，投资者预计，如果市场抛售，空头伽马动态将会回升。翻译：<u><b>在抛售中，市场将变得更加波动。</b></u></blockquote></p><p> <img src=\"https://static.tigerbbs.com/76b01b8a05b70ec4f343626b1fad491b\" tg-width=\"931\" tg-height=\"560\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Meanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.</p><p><blockquote>与此同时，与最新的备忘录股票挤压保持一致，高盛还指出，虽然单一股票期权交易量仍然很高，但远低于第一季度的峰值。最近几周，由散户驱动的所有单一股票期权活动的很大比例以及散户活动的预测价值都提高了对单一股票期权市场的关注。近期单一股票期权活动的增长主要集中在低股价股票上，导致过去两周合约交易量大幅上涨，但名义交易量并未与之匹配。在根据股市规模调整名义成交量时，高盛发现过去两周单只股票成交量实际上一直处于2021年区间的低点，这意味着最新的上涨几乎没有伽马挤压成分。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9c6c3df49e3e5d1e4a7a0d9c24696e6a\" tg-width=\"1212\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p> One final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.</p><p><blockquote>我们最近讨论的最后一点是高盛的观察，即短期SPX期权（每周）和远离季度的趋势仍在继续，这与散户参与交易的不断增加相一致。这也是周五SPX到期时间小于最近许多季度的原因之一，也是为什么随着到期时间的临近，其交易量一直在下降的原因之一。</blockquote></p><p> As Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,<b>the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,</b>and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"</p><p><blockquote>正如高盛所解释的那样，投资者越来越多地采用SPX到期的完整日历，包括每周一和周三的到期，因为他们围绕事件调整了自己的观点。事实上，<b>第三个周五到期的SPX期权交易量百分比处于历史最低点，</b>现在低于周一和周三到期的百分比。超短期交易量增加的一个解释是强劲的单一股票交易量：高盛提出了一个兴趣——“在某种程度上，做市商无法弥补散户投资者看涨期权买入产生的单一股票空头伽马，他们可能会积极交易超短期SPX指数期权的多头头寸，以抵消这种伽马。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bd0e886a62a61c70b0f299bd6c032a24\" tg-width=\"954\" tg-height=\"1128\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Why is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.<b>Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!</b></p><p><blockquote>为什么这很重要？因为如果这种趋势足够大，它会直接导致低隐含和实现的相关性。<b>具有讽刺意味的是，通过增加单一名称“最受做空的名称”，散户投资者正在市场的其他部分迎来一段非正统的平静时期！</b></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\">\nQuad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境：周五2万亿美元伽马到期将如何影响市场</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-06-15 21:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").</p><p><blockquote>上周，在讨论将VIX推至新冠大流行爆发以来的最低水平的市场夏季低迷时，我们表示，这段异常的市场平静期可能会持续到本周五的“四女巫”，届时大量的gamma和delta到期并去风险，在此过程中消除了股票的自然下行缓冲之一（请参阅“市场低迷随着下周五的Op-Ex而结束的4个原因”）。</blockquote></p><p> So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,<b>there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.</b></p><p><blockquote>因此，高盛内部衍生品专家洛基·菲什曼(Rocky Fishman)在谈到周五“可能影响市场的运营支出”的话题时，预览了即将到来的6月份到期，他称之为“规模很大——与典型的季度相当”。具体而言，<b>周五有1.8万亿美元的SPX期权到期，此外还有2400亿美元的SPDR标普500指数ETF期权以及2000亿美元的SPX和SPX E-mini期货期权。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/0d1ece116794c7f6523250fd682450e3\" tg-width=\"959\" tg-height=\"765\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Yet while these totals are massive,<b>when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.</b></p><p><blockquote>然而，尽管这些总数很大，<b>根据指数规模进行调整后，当前现货10%以内的到期期权数量比过去十年中的任何一个季度都要少。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/534b677774a92a59d4fe08f09359932b\" tg-width=\"500\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> It's worth noting that according to Goldman estimates that combos account<b>for 15-20% of SPX options,</b>so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.</p><p><blockquote>值得注意的是，根据高盛的估计，combos账户<b>对于15-20%的SPX期权，</b>因此，调整后的未平仓合约总额将达到1.5万亿美元，仍远高于即将到期的单一股票未平仓合约总额（7750亿美元）。此外，由于股市处于历史高位，预计6月份大部分未平仓合约均低于当前SPX现货价格。如下图所示，双峰在3900和4150。这意味着周五之后，在伽马被重新填充之前，这些点周围可能会有一定的“反”重力。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/adfcada2b0ef3f2ebbd684649a613043\" tg-width=\"936\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPX<b>realized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.</b></p><p><blockquote>这位高盛策略师随后解释了他认为低于已实现市场波动率的异常低水平的情况，并指出——正如我们上周讨论的——这与多头伽马头寸一致。考虑一下SPX<b>过去13个交易日的已实现波动率仅为5.1%，为2019年以来最低的13天已实现波动率。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/afffda1e07736784ad695d95a9936421\" tg-width=\"952\" tg-height=\"558\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> This contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.</p><p><blockquote>这与单一股票市场部分地区的极端波动形成鲜明对比；AMC上周是个股中合约量最高的（但名义交易量为70亿美元/天，远低于AMZN领先的1200亿美元/天），同期已实现成交量接近400%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/df2b7aeaadb37160a7eaf0ac08ba31de\" tg-width=\"1236\" tg-height=\"561\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Then, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees that<b>the extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"</b>Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:<u><b>the market will become much more volatile in a selloff.</b></u></p><p><blockquote>然后，正如野村证券的Charlie McElligott上周首次指出的那样，高盛的衍生品团队同意<b>极低的SPX已实现波动性与6月18日离开“华尔街”多头指数gamma的可能性是一致的，在这种情况下，Fishman呼应了我们上周所说的，即“一旦头寸变得更加干净，已实现波动性可能会回升。”</b>与此同时，VIX期货相对于SPX的贝塔值上升表明，投资者预计，如果市场抛售，空头伽马动态将会回升。翻译：<u><b>在抛售中，市场将变得更加波动。</b></u></blockquote></p><p> <img src=\"https://static.tigerbbs.com/76b01b8a05b70ec4f343626b1fad491b\" tg-width=\"931\" tg-height=\"560\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Meanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.</p><p><blockquote>与此同时，与最新的备忘录股票挤压保持一致，高盛还指出，虽然单一股票期权交易量仍然很高，但远低于第一季度的峰值。最近几周，由散户驱动的所有单一股票期权活动的很大比例以及散户活动的预测价值都提高了对单一股票期权市场的关注。近期单一股票期权活动的增长主要集中在低股价股票上，导致过去两周合约交易量大幅上涨，但名义交易量并未与之匹配。在根据股市规模调整名义成交量时，高盛发现过去两周单只股票成交量实际上一直处于2021年区间的低点，这意味着最新的上涨几乎没有伽马挤压成分。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9c6c3df49e3e5d1e4a7a0d9c24696e6a\" tg-width=\"1212\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p> One final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.</p><p><blockquote>我们最近讨论的最后一点是高盛的观察，即短期SPX期权（每周）和远离季度的趋势仍在继续，这与散户参与交易的不断增加相一致。这也是周五SPX到期时间小于最近许多季度的原因之一，也是为什么随着到期时间的临近，其交易量一直在下降的原因之一。</blockquote></p><p> As Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,<b>the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,</b>and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"</p><p><blockquote>正如高盛所解释的那样，投资者越来越多地采用SPX到期的完整日历，包括每周一和周三的到期，因为他们围绕事件调整了自己的观点。事实上，<b>第三个周五到期的SPX期权交易量百分比处于历史最低点，</b>现在低于周一和周三到期的百分比。超短期交易量增加的一个解释是强劲的单一股票交易量：高盛提出了一个兴趣——“在某种程度上，做市商无法弥补散户投资者看涨期权买入产生的单一股票空头伽马，他们可能会积极交易超短期SPX指数期权的多头头寸，以抵消这种伽马。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bd0e886a62a61c70b0f299bd6c032a24\" tg-width=\"954\" tg-height=\"1128\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Why is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.<b>Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!</b></p><p><blockquote>为什么这很重要？因为如果这种趋势足够大，它会直接导致低隐含和实现的相关性。<b>具有讽刺意味的是，通过增加单一名称“最受做空的名称”，散户投资者正在市场的其他部分迎来一段非正统的平静时期！</b></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets\">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":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF"},"source_url":"https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191245053","content_text":"Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").\nSo picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.\n\nYet while these totals are massive,when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.\n\nIt's worth noting that according to Goldman estimates that combos accountfor 15-20% of SPX options,so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.\n\nThe Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPXrealized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.\n\nThis contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.\n\nThen, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees thatthe extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:the market will become much more volatile in a selloff.\n\nMeanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.\n\nOne final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.\nAs Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"\n\nWhy is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":590,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160874868,"gmtCreate":1623789070854,"gmtModify":1623809498085,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586198471249922","idStr":"3586198471249922"},"themes":[],"htmlText":"Michael is a billionaire what are we?","listText":"Michael is a billionaire what are we?","text":"Michael is a billionaire what are we?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160874868","repostId":"1147269544","repostType":4,"repost":{"id":"1147269544","kind":"news","pubTimestamp":1623770166,"share":"https://www.laohu8.com/m/news/1147269544?lang=zh_CN&edition=full","pubTime":"2021-06-15 23:16","market":"us","language":"en","title":"Michael \"Big Short\" Burry: This Is The Greatest Bubble Of All Time In All Things \"By Two Orders Of Magnitude\"<blockquote>“大空头”迈克尔·伯里：这是有史以来最大的泡沫，“高出两个数量级”</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1147269544","media":"zerohedge","summary":"Earlier this year, none other than Michael 'Big Short' Burry confirmedBofA's greatest fears, as he p","content":"<p>Earlier this year, none other than Michael 'Big Short' Burry confirmedBofA's greatest fears, as he picked up on the theme of Weimar Germany and specifically its<b>hyperinflation, as the blueprint for what comes next</b>in a lengthy tweetstorm cribbing generously fromParsson's seminal work, warning that<b>:</b></p><p><blockquote>今年早些时候，“大空头”迈克尔·伯里证实了美国银行最大的担忧，因为他谈到了魏玛德国的主题，特别是其<b>恶性通货膨胀，作为下一步的蓝图</b>在一篇冗长的推特风暴中，大量抄袭了帕森的开创性工作，警告说<b>：</b></blockquote></p><p> <b>\"The US government is inviting inflation with its MMT-tinged policies. Brisk Debt/GDP, M2 increases while retail sales, PMI stage V recovery</b>. Trillions more stimulus &amp; re-opening to boost demand as employee and supply chain costs skyrocket.\"</p><p><blockquote><b>“美国政府正在以其带有MMT色彩的政策引发通胀。强劲的债务/GDP、M2增加，而零售销售、PMI第五阶段复苏</b>随着员工和供应链成本飙升，数万亿美元的刺激措施和重新开放以提振需求。”</blockquote></p><p> #ParadigmShift</p><p><blockquote>#范式转变</blockquote></p><p> \"The life of the inflation in its ripening stage was a paradox which had its own unmistakable characteristics. One was the great wealth, at least of those favored by the boom..Many great fortunes sprang up overnight...The cities, had an aimless and wanton youth\"</p><p><blockquote>“通货膨胀在成熟阶段的生活是一个悖论，它有自己明确无误的特征。一个是巨大的财富，至少是那些被繁荣所青睐的人。许多巨大的财富在一夜之间涌现出来……城市里有一群漫无目的、肆无忌惮的年轻人。”</blockquote></p><p> \"Prices in Germany were steady, and both business and the stock market were booming. The exchange rate of the mark against the dollar and other currencies actually rose for a time, and the mark was momentarily the strongest currency in the world\" on inflation's eve.</p><p><blockquote>“德国物价平稳，商业和股市都很繁荣。马克对美元和其他货币的汇率实际上一度上升，马克在通货膨胀前夕一时成为世界上最坚挺的货币”。</blockquote></p><p> <b>\"Side by side with the wealth were the pockets of poverty. Greater numbers of people remained on the outside of the easy money, looking in but not able to enter. The crime rate soared.\"</b></p><p><blockquote><b>“与财富并存的是贫困地区。更多的人留在轻松赚钱的外围，看进去却进不去。犯罪率飙升。”</b></blockquote></p><p> <b>\"Accounts of the time tell of a progressive demoralization which crept over the common people, compounded of their weariness with the breakneck pace, to no visible purpose, and their fears from watching their own precarious positions slip while others grew so conspicuously rich.\"</b></p><p><blockquote><b>“当时的记录表明，普通人的士气逐渐低落，加上他们对无明显目的的极快节奏感到厌倦，他们害怕看到自己岌岌可危的地位下滑，而其他人却变得如此明显地富有。”</b></blockquote></p><p> \"Almost any kind of business could make money. Business failures and bankruptcies became few. The boom suspended the normal processes of natural selection by which the nonessential and ineffective otherwise would have been culled out.\"</p><p><blockquote>“几乎任何一种企业都能赚钱。企业失败和破产的情况变得很少了。繁荣中止了正常的自然选择过程，否则不必要和无效的东西就会被剔除。”</blockquote></p><p> <b>\"Speculation alone, while adding nothing to Germany's wealth, became one of its largest activities. The fever to join in turning a quick mark infected nearly all classes..Everyone from the elevator operator up was playing the market.\"</b></p><p><blockquote><b>“单是投机，虽然没有增加德国的财富，但却成了德国最大的活动之一。加入快速赚钱的热潮几乎感染了所有阶层……从电梯操作员到现在，每个人都在玩市场。”</b></blockquote></p><p> \"The volumes of turnover in securities on the Berlin Bourse became so high that the financial industry could not keep up with the paperwork...and the Bourse was obliged to close several days a week to work off the backlog\" #<i>robinhooddown</i></p><p><blockquote>“柏林证券交易所的证券交易量变得如此之高，以至于金融业无法跟上文书工作的步伐……交易所不得不每周关闭几天来处理积压的交易。”#<i>罗宾汉</i></blockquote></p><p> \"all the marks that existed in the world in the summer of 1922 were not worth enough, by November of 1923, to buy a single&nbsp; newspaper or a tram ticket. That was the spectacular part of the collapse, but most of the real loss in money wealth had been suffered much earlier.\"</p><p><blockquote>“1922年夏天世界上存在的所有马克，到1923年11月还不够买一份报纸或一张电车车票。这是崩溃的壮观之处，但货币财富的大部分真正损失在更早的时候就已经遭受了。”</blockquote></p><p> \"Throughout these years the structure was quietly building itself up for the blow.<b>Germany's #inflationcycle ran not for a year but for nine years, representing eight years of gestation and only one year of #collapse.\"</b></p><p><blockquote>“这些年来，这个结构一直在悄悄地为打击做好准备。<b>德国的#通货膨胀周期不是一年，而是九年，其中八年是酝酿，只有一年是崩溃。”</b></blockquote></p><p> His punchline: the above was \"written in 1974 re: 1914-1923\" and then makes the ominous extrapolation that \"<b>2010-2021: Gestation</b>\" adding that \"when dollars might as well be falling from the sky...management teams get creative and ultimately take more risk.. paying out debt-financed dividends to investors or investing in risky growth opportunities has beaten a frugal mentality hands down.\"</p><p><blockquote>他的笑点：以上是“写于1974年re：1914-1923”，然后做出不祥的推断“<b>2010-2021年：妊娠</b>“当美元可能从天而降时...管理团队变得富有创造力，最终承担更多风险..向投资者支付债务融资股息或投资高风险增长机会无疑击败了节俭心态。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c531b21050b42425510a30125935555e\" tg-width=\"500\" tg-height=\"395\">And, as if reading from the same playbook,<b>Paul Tudor Jones warned yesterday that things are \"bat shit crazy\"</b>and if Jay Powell</p><p><blockquote>而且，就像是在读同一本剧本，<b>保罗·都铎·琼斯昨天警告说，事情“太疯狂了”</b>如果杰伊·鲍威尔</blockquote></p><p>   <i><b>“The idea that inflation is transitory, to me ... that one just doesn’t work the way I see the world.\"</b></i>  All of which led to Burry's latest tweet warning this morning...</p><p><blockquote><i><b>“对我来说，通货膨胀是暂时的……这种想法并不符合我看待世界的方式。”</b></i>所有这些导致了伯里今天早上的最新推文警告...</blockquote></p><p>   <i><b>\"People always ask me what is going on in the markets. It is simple. Greatest Speculative Bubble of All Time in All Things. By two orders of magnitude.</b></i>#FlyingPigs360\"  <img src=\"https://static.tigerbbs.com/afafeb68134e031ca871659bd8dbc595\" tg-width=\"512\" tg-height=\"261\">In other words:<i><b>\"Brace!\"</b></i></p><p><blockquote><i><b>“人们总是问我市场上发生了什么。这很简单。有史以来最大的投机泡沫。两个数量级。</b></i>#FlyingPigs360”换句话说：<i><b>“撑住！”</b></i></blockquote></p><p> So what are you going to do about it?</p><p><blockquote>那你打算怎么办？</blockquote></p><p> Tudor Jones had some simple advice: \"<b>buy commodities, buy crypto, buy gold.\"</b></p><p><blockquote>都铎·琼斯有一些简单的建议：“<b>购买大宗商品、购买加密货币、购买黄金。”</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>Michael \"Big Short\" Burry: This Is The Greatest Bubble Of All Time In All Things \"By Two Orders Of Magnitude\"<blockquote>“大空头”迈克尔·伯里：这是有史以来最大的泡沫，“高出两个数量级”</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\">\nMichael \"Big Short\" Burry: This Is The Greatest Bubble Of All Time In All Things \"By Two Orders Of Magnitude\"<blockquote>“大空头”迈克尔·伯里：这是有史以来最大的泡沫，“高出两个数量级”</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-06-15 23:16</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Earlier this year, none other than Michael 'Big Short' Burry confirmedBofA's greatest fears, as he picked up on the theme of Weimar Germany and specifically its<b>hyperinflation, as the blueprint for what comes next</b>in a lengthy tweetstorm cribbing generously fromParsson's seminal work, warning that<b>:</b></p><p><blockquote>今年早些时候，“大空头”迈克尔·伯里证实了美国银行最大的担忧，因为他谈到了魏玛德国的主题，特别是其<b>恶性通货膨胀，作为下一步的蓝图</b>在一篇冗长的推特风暴中，大量抄袭了帕森的开创性工作，警告说<b>：</b></blockquote></p><p> <b>\"The US government is inviting inflation with its MMT-tinged policies. Brisk Debt/GDP, M2 increases while retail sales, PMI stage V recovery</b>. Trillions more stimulus &amp; re-opening to boost demand as employee and supply chain costs skyrocket.\"</p><p><blockquote><b>“美国政府正在以其带有MMT色彩的政策引发通胀。强劲的债务/GDP、M2增加，而零售销售、PMI第五阶段复苏</b>随着员工和供应链成本飙升，数万亿美元的刺激措施和重新开放以提振需求。”</blockquote></p><p> #ParadigmShift</p><p><blockquote>#范式转变</blockquote></p><p> \"The life of the inflation in its ripening stage was a paradox which had its own unmistakable characteristics. One was the great wealth, at least of those favored by the boom..Many great fortunes sprang up overnight...The cities, had an aimless and wanton youth\"</p><p><blockquote>“通货膨胀在成熟阶段的生活是一个悖论，它有自己明确无误的特征。一个是巨大的财富，至少是那些被繁荣所青睐的人。许多巨大的财富在一夜之间涌现出来……城市里有一群漫无目的、肆无忌惮的年轻人。”</blockquote></p><p> \"Prices in Germany were steady, and both business and the stock market were booming. The exchange rate of the mark against the dollar and other currencies actually rose for a time, and the mark was momentarily the strongest currency in the world\" on inflation's eve.</p><p><blockquote>“德国物价平稳，商业和股市都很繁荣。马克对美元和其他货币的汇率实际上一度上升，马克在通货膨胀前夕一时成为世界上最坚挺的货币”。</blockquote></p><p> <b>\"Side by side with the wealth were the pockets of poverty. Greater numbers of people remained on the outside of the easy money, looking in but not able to enter. The crime rate soared.\"</b></p><p><blockquote><b>“与财富并存的是贫困地区。更多的人留在轻松赚钱的外围，看进去却进不去。犯罪率飙升。”</b></blockquote></p><p> <b>\"Accounts of the time tell of a progressive demoralization which crept over the common people, compounded of their weariness with the breakneck pace, to no visible purpose, and their fears from watching their own precarious positions slip while others grew so conspicuously rich.\"</b></p><p><blockquote><b>“当时的记录表明，普通人的士气逐渐低落，加上他们对无明显目的的极快节奏感到厌倦，他们害怕看到自己岌岌可危的地位下滑，而其他人却变得如此明显地富有。”</b></blockquote></p><p> \"Almost any kind of business could make money. Business failures and bankruptcies became few. The boom suspended the normal processes of natural selection by which the nonessential and ineffective otherwise would have been culled out.\"</p><p><blockquote>“几乎任何一种企业都能赚钱。企业失败和破产的情况变得很少了。繁荣中止了正常的自然选择过程，否则不必要和无效的东西就会被剔除。”</blockquote></p><p> <b>\"Speculation alone, while adding nothing to Germany's wealth, became one of its largest activities. The fever to join in turning a quick mark infected nearly all classes..Everyone from the elevator operator up was playing the market.\"</b></p><p><blockquote><b>“单是投机，虽然没有增加德国的财富，但却成了德国最大的活动之一。加入快速赚钱的热潮几乎感染了所有阶层……从电梯操作员到现在，每个人都在玩市场。”</b></blockquote></p><p> \"The volumes of turnover in securities on the Berlin Bourse became so high that the financial industry could not keep up with the paperwork...and the Bourse was obliged to close several days a week to work off the backlog\" #<i>robinhooddown</i></p><p><blockquote>“柏林证券交易所的证券交易量变得如此之高，以至于金融业无法跟上文书工作的步伐……交易所不得不每周关闭几天来处理积压的交易。”#<i>罗宾汉</i></blockquote></p><p> \"all the marks that existed in the world in the summer of 1922 were not worth enough, by November of 1923, to buy a single&nbsp; newspaper or a tram ticket. That was the spectacular part of the collapse, but most of the real loss in money wealth had been suffered much earlier.\"</p><p><blockquote>“1922年夏天世界上存在的所有马克，到1923年11月还不够买一份报纸或一张电车车票。这是崩溃的壮观之处，但货币财富的大部分真正损失在更早的时候就已经遭受了。”</blockquote></p><p> \"Throughout these years the structure was quietly building itself up for the blow.<b>Germany's #inflationcycle ran not for a year but for nine years, representing eight years of gestation and only one year of #collapse.\"</b></p><p><blockquote>“这些年来，这个结构一直在悄悄地为打击做好准备。<b>德国的#通货膨胀周期不是一年，而是九年，其中八年是酝酿，只有一年是崩溃。”</b></blockquote></p><p> His punchline: the above was \"written in 1974 re: 1914-1923\" and then makes the ominous extrapolation that \"<b>2010-2021: Gestation</b>\" adding that \"when dollars might as well be falling from the sky...management teams get creative and ultimately take more risk.. paying out debt-financed dividends to investors or investing in risky growth opportunities has beaten a frugal mentality hands down.\"</p><p><blockquote>他的笑点：以上是“写于1974年re：1914-1923”，然后做出不祥的推断“<b>2010-2021年：妊娠</b>“当美元可能从天而降时...管理团队变得富有创造力，最终承担更多风险..向投资者支付债务融资股息或投资高风险增长机会无疑击败了节俭心态。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/c531b21050b42425510a30125935555e\" tg-width=\"500\" tg-height=\"395\">And, as if reading from the same playbook,<b>Paul Tudor Jones warned yesterday that things are \"bat shit crazy\"</b>and if Jay Powell</p><p><blockquote>而且，就像是在读同一本剧本，<b>保罗·都铎·琼斯昨天警告说，事情“太疯狂了”</b>如果杰伊·鲍威尔</blockquote></p><p>   <i><b>“The idea that inflation is transitory, to me ... that one just doesn’t work the way I see the world.\"</b></i>  All of which led to Burry's latest tweet warning this morning...</p><p><blockquote><i><b>“对我来说，通货膨胀是暂时的……这种想法并不符合我看待世界的方式。”</b></i>所有这些导致了伯里今天早上的最新推文警告...</blockquote></p><p>   <i><b>\"People always ask me what is going on in the markets. It is simple. Greatest Speculative Bubble of All Time in All Things. By two orders of magnitude.</b></i>#FlyingPigs360\"  <img src=\"https://static.tigerbbs.com/afafeb68134e031ca871659bd8dbc595\" tg-width=\"512\" tg-height=\"261\">In other words:<i><b>\"Brace!\"</b></i></p><p><blockquote><i><b>“人们总是问我市场上发生了什么。这很简单。有史以来最大的投机泡沫。两个数量级。</b></i>#FlyingPigs360”换句话说：<i><b>“撑住！”</b></i></blockquote></p><p> So what are you going to do about it?</p><p><blockquote>那你打算怎么办？</blockquote></p><p> Tudor Jones had some simple advice: \"<b>buy commodities, buy crypto, buy gold.\"</b></p><p><blockquote>都铎·琼斯有一些简单的建议：“<b>购买大宗商品、购买加密货币、购买黄金。”</b></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/michael-big-short-burry-greatest-bubble-all-time-all-things-two-orders-magnitude\">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/michael-big-short-burry-greatest-bubble-all-time-all-things-two-orders-magnitude","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147269544","content_text":"Earlier this year, none other than Michael 'Big Short' Burry confirmedBofA's greatest fears, as he picked up on the theme of Weimar Germany and specifically itshyperinflation, as the blueprint for what comes nextin a lengthy tweetstorm cribbing generously fromParsson's seminal work, warning that:\n\"The US government is inviting inflation with its MMT-tinged policies. Brisk Debt/GDP, M2 increases while retail sales, PMI stage V recovery. Trillions more stimulus & re-opening to boost demand as employee and supply chain costs skyrocket.\"\n#ParadigmShift\n\"The life of the inflation in its ripening stage was a paradox which had its own unmistakable characteristics. One was the great wealth, at least of those favored by the boom..Many great fortunes sprang up overnight...The cities, had an aimless and wanton youth\"\n\"Prices in Germany were steady, and both business and the stock market were booming. The exchange rate of the mark against the dollar and other currencies actually rose for a time, and the mark was momentarily the strongest currency in the world\" on inflation's eve.\n\"Side by side with the wealth were the pockets of poverty. Greater numbers of people remained on the outside of the easy money, looking in but not able to enter. The crime rate soared.\"\n\"Accounts of the time tell of a progressive demoralization which crept over the common people, compounded of their weariness with the breakneck pace, to no visible purpose, and their fears from watching their own precarious positions slip while others grew so conspicuously rich.\"\n\"Almost any kind of business could make money. Business failures and bankruptcies became few. The boom suspended the normal processes of natural selection by which the nonessential and ineffective otherwise would have been culled out.\"\n\"Speculation alone, while adding nothing to Germany's wealth, became one of its largest activities. The fever to join in turning a quick mark infected nearly all classes..Everyone from the elevator operator up was playing the market.\"\n\"The volumes of turnover in securities on the Berlin Bourse became so high that the financial industry could not keep up with the paperwork...and the Bourse was obliged to close several days a week to work off the backlog\" #robinhooddown\n\"all the marks that existed in the world in the summer of 1922 were not worth enough, by November of 1923, to buy a single  newspaper or a tram ticket. That was the spectacular part of the collapse, but most of the real loss in money wealth had been suffered much earlier.\"\n\"Throughout these years the structure was quietly building itself up for the blow.Germany's #inflationcycle ran not for a year but for nine years, representing eight years of gestation and only one year of #collapse.\"\nHis punchline: the above was \"written in 1974 re: 1914-1923\" and then makes the ominous extrapolation that \"2010-2021: Gestation\" adding that \"when dollars might as well be falling from the sky...management teams get creative and ultimately take more risk.. paying out debt-financed dividends to investors or investing in risky growth opportunities has beaten a frugal mentality hands down.\"\nAnd, as if reading from the same playbook,Paul Tudor Jones warned yesterday that things are \"bat shit crazy\"and if Jay Powell\n\n“The idea that inflation is transitory, to me ... that one just doesn’t work the way I see the world.\"\n\nAll of which led to Burry's latest tweet warning this morning...\n\n\"People always ask me what is going on in the markets. It is simple. Greatest Speculative Bubble of All Time in All Things. By two orders of magnitude.#FlyingPigs360\"\n\nIn other words:\"Brace!\"\nSo what are you going to do about it?\nTudor Jones had some simple advice: \"buy commodities, buy crypto, buy gold.\"","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":609,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160874364,"gmtCreate":1623789025758,"gmtModify":1623809498085,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586198471249922","idStr":"3586198471249922"},"themes":[],"htmlText":"Comment please :)","listText":"Comment please :)","text":"Comment please :)","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160874364","repostId":"1191245053","repostType":4,"repost":{"id":"1191245053","kind":"news","pubTimestamp":1623762167,"share":"https://www.laohu8.com/m/news/1191245053?lang=zh_CN&edition=full","pubTime":"2021-06-15 21:02","market":"us","language":"en","title":"Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境：周五2万亿美元伽马到期将如何影响市场</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1191245053","media":"zerohedge","summary":"Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers .So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fis","content":"<p>Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").</p><p><blockquote>上周，在讨论将VIX推至新冠大流行爆发以来的最低水平的市场夏季低迷时，我们表示，这段异常的市场平静期可能会持续到本周五的“四女巫”，届时大量的gamma和delta到期并去风险，在此过程中消除了股票的自然下行缓冲之一（请参阅“市场低迷随着下周五的Op-Ex而结束的4个原因”）。</blockquote></p><p> So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,<b>there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.</b></p><p><blockquote>因此，高盛内部衍生品专家洛基·菲什曼(Rocky Fishman)在谈到周五“可能影响市场的运营支出”的话题时，预览了即将到来的6月份到期，他称之为“规模很大——与典型的季度相当”。具体而言，<b>周五有1.8万亿美元的SPX期权到期，此外还有2400亿美元的SPDR标普500指数ETF期权以及2000亿美元的SPX和SPX E-mini期货期权。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/0d1ece116794c7f6523250fd682450e3\" tg-width=\"959\" tg-height=\"765\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Yet while these totals are massive,<b>when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.</b></p><p><blockquote>然而，尽管这些总数很大，<b>根据指数规模进行调整后，当前现货10%以内的到期期权数量比过去十年中的任何一个季度都要少。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/534b677774a92a59d4fe08f09359932b\" tg-width=\"500\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> It's worth noting that according to Goldman estimates that combos account<b>for 15-20% of SPX options,</b>so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.</p><p><blockquote>值得注意的是，根据高盛的估计，combos账户<b>对于15-20%的SPX期权，</b>因此，调整后的未平仓合约总额将达到1.5万亿美元，仍远高于即将到期的单一股票未平仓合约总额（7750亿美元）。此外，由于股市处于历史高位，预计6月份大部分未平仓合约均低于当前SPX现货价格。如下图所示，双峰在3900和4150。这意味着周五之后，在伽马被重新填充之前，这些点周围可能会有一定的“反”重力。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/adfcada2b0ef3f2ebbd684649a613043\" tg-width=\"936\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPX<b>realized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.</b></p><p><blockquote>这位高盛策略师随后解释了他认为低于已实现市场波动率的异常低水平的情况，并指出——正如我们上周讨论的——这与多头伽马头寸一致。考虑一下SPX<b>过去13个交易日的已实现波动率仅为5.1%，为2019年以来最低的13天已实现波动率。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/afffda1e07736784ad695d95a9936421\" tg-width=\"952\" tg-height=\"558\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> This contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.</p><p><blockquote>这与单一股票市场部分地区的极端波动形成鲜明对比；AMC上周是个股中合约量最高的（但名义交易量为70亿美元/天，远低于AMZN领先的1200亿美元/天），同期已实现成交量接近400%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/df2b7aeaadb37160a7eaf0ac08ba31de\" tg-width=\"1236\" tg-height=\"561\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Then, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees that<b>the extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"</b>Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:<u><b>the market will become much more volatile in a selloff.</b></u></p><p><blockquote>然后，正如野村证券的Charlie McElligott上周首次指出的那样，高盛的衍生品团队同意<b>极低的SPX已实现波动性与6月18日离开“华尔街”多头指数gamma的可能性是一致的，在这种情况下，Fishman呼应了我们上周所说的，即“一旦头寸变得更加干净，已实现波动性可能会回升。”</b>与此同时，VIX期货相对于SPX的贝塔值上升表明，投资者预计，如果市场抛售，空头伽马动态将会回升。翻译：<u><b>在抛售中，市场将变得更加波动。</b></u></blockquote></p><p> <img src=\"https://static.tigerbbs.com/76b01b8a05b70ec4f343626b1fad491b\" tg-width=\"931\" tg-height=\"560\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Meanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.</p><p><blockquote>与此同时，与最新的备忘录股票挤压保持一致，高盛还指出，虽然单一股票期权交易量仍然很高，但远低于第一季度的峰值。最近几周，由散户驱动的所有单一股票期权活动的很大比例以及散户活动的预测价值都提高了对单一股票期权市场的关注。近期单一股票期权活动的增长主要集中在低股价股票上，导致过去两周合约交易量大幅上涨，但名义交易量并未与之匹配。在根据股市规模调整名义成交量时，高盛发现过去两周单只股票成交量实际上一直处于2021年区间的低点，这意味着最新的上涨几乎没有伽马挤压成分。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9c6c3df49e3e5d1e4a7a0d9c24696e6a\" tg-width=\"1212\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p> One final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.</p><p><blockquote>我们最近讨论的最后一点是高盛的观察，即短期SPX期权（每周）和远离季度的趋势仍在继续，这与散户参与交易的不断增加相一致。这也是周五SPX到期时间小于最近许多季度的原因之一，也是为什么随着到期时间的临近，其交易量一直在下降的原因之一。</blockquote></p><p> As Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,<b>the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,</b>and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"</p><p><blockquote>正如高盛所解释的那样，投资者越来越多地采用SPX到期的完整日历，包括每周一和周三的到期，因为他们围绕事件调整了自己的观点。事实上，<b>第三个周五到期的SPX期权交易量百分比处于历史最低点，</b>现在低于周一和周三到期的百分比。超短期交易量增加的一个解释是强劲的单一股票交易量：高盛提出了一个兴趣——“在某种程度上，做市商无法弥补散户投资者看涨期权买入产生的单一股票空头伽马，他们可能会积极交易超短期SPX指数期权的多头头寸，以抵消这种伽马。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bd0e886a62a61c70b0f299bd6c032a24\" tg-width=\"954\" tg-height=\"1128\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Why is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.<b>Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!</b></p><p><blockquote>为什么这很重要？因为如果这种趋势足够大，它会直接导致低隐含和实现的相关性。<b>具有讽刺意味的是，通过增加单一名称“最受做空的名称”，散户投资者正在市场的其他部分迎来一段非正统的平静时期！</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>Quad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境：周五2万亿美元伽马到期将如何影响市场</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; 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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\">\nQuad-Witch Quandary: How Will Friday's $2 Trillion Gamma Expiration Impact Markets<blockquote>四女巫困境：周五2万亿美元伽马到期将如何影响市场</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">zerohedge</strong><span class=\"h-time small\">2021-06-15 21:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").</p><p><blockquote>上周，在讨论将VIX推至新冠大流行爆发以来的最低水平的市场夏季低迷时，我们表示，这段异常的市场平静期可能会持续到本周五的“四女巫”，届时大量的gamma和delta到期并去风险，在此过程中消除了股票的自然下行缓冲之一（请参阅“市场低迷随着下周五的Op-Ex而结束的4个原因”）。</blockquote></p><p> So picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,<b>there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.</b></p><p><blockquote>因此，高盛内部衍生品专家洛基·菲什曼(Rocky Fishman)在谈到周五“可能影响市场的运营支出”的话题时，预览了即将到来的6月份到期，他称之为“规模很大——与典型的季度相当”。具体而言，<b>周五有1.8万亿美元的SPX期权到期，此外还有2400亿美元的SPDR标普500指数ETF期权以及2000亿美元的SPX和SPX E-mini期货期权。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/0d1ece116794c7f6523250fd682450e3\" tg-width=\"959\" tg-height=\"765\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Yet while these totals are massive,<b>when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.</b></p><p><blockquote>然而，尽管这些总数很大，<b>根据指数规模进行调整后，当前现货10%以内的到期期权数量比过去十年中的任何一个季度都要少。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/534b677774a92a59d4fe08f09359932b\" tg-width=\"500\" tg-height=\"298\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> It's worth noting that according to Goldman estimates that combos account<b>for 15-20% of SPX options,</b>so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.</p><p><blockquote>值得注意的是，根据高盛的估计，combos账户<b>对于15-20%的SPX期权，</b>因此，调整后的未平仓合约总额将达到1.5万亿美元，仍远高于即将到期的单一股票未平仓合约总额（7750亿美元）。此外，由于股市处于历史高位，预计6月份大部分未平仓合约均低于当前SPX现货价格。如下图所示，双峰在3900和4150。这意味着周五之后，在伽马被重新填充之前，这些点周围可能会有一定的“反”重力。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/adfcada2b0ef3f2ebbd684649a613043\" tg-width=\"936\" tg-height=\"541\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> The Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPX<b>realized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.</b></p><p><blockquote>这位高盛策略师随后解释了他认为低于已实现市场波动率的异常低水平的情况，并指出——正如我们上周讨论的——这与多头伽马头寸一致。考虑一下SPX<b>过去13个交易日的已实现波动率仅为5.1%，为2019年以来最低的13天已实现波动率。</b></blockquote></p><p> <img src=\"https://static.tigerbbs.com/afffda1e07736784ad695d95a9936421\" tg-width=\"952\" tg-height=\"558\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> This contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.</p><p><blockquote>这与单一股票市场部分地区的极端波动形成鲜明对比；AMC上周是个股中合约量最高的（但名义交易量为70亿美元/天，远低于AMZN领先的1200亿美元/天），同期已实现成交量接近400%。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/df2b7aeaadb37160a7eaf0ac08ba31de\" tg-width=\"1236\" tg-height=\"561\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Then, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees that<b>the extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"</b>Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:<u><b>the market will become much more volatile in a selloff.</b></u></p><p><blockquote>然后，正如野村证券的Charlie McElligott上周首次指出的那样，高盛的衍生品团队同意<b>极低的SPX已实现波动性与6月18日离开“华尔街”多头指数gamma的可能性是一致的，在这种情况下，Fishman呼应了我们上周所说的，即“一旦头寸变得更加干净，已实现波动性可能会回升。”</b>与此同时，VIX期货相对于SPX的贝塔值上升表明，投资者预计，如果市场抛售，空头伽马动态将会回升。翻译：<u><b>在抛售中，市场将变得更加波动。</b></u></blockquote></p><p> <img src=\"https://static.tigerbbs.com/76b01b8a05b70ec4f343626b1fad491b\" tg-width=\"931\" tg-height=\"560\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Meanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.</p><p><blockquote>与此同时，与最新的备忘录股票挤压保持一致，高盛还指出，虽然单一股票期权交易量仍然很高，但远低于第一季度的峰值。最近几周，由散户驱动的所有单一股票期权活动的很大比例以及散户活动的预测价值都提高了对单一股票期权市场的关注。近期单一股票期权活动的增长主要集中在低股价股票上，导致过去两周合约交易量大幅上涨，但名义交易量并未与之匹配。在根据股市规模调整名义成交量时，高盛发现过去两周单只股票成交量实际上一直处于2021年区间的低点，这意味着最新的上涨几乎没有伽马挤压成分。</blockquote></p><p> <img src=\"https://static.tigerbbs.com/9c6c3df49e3e5d1e4a7a0d9c24696e6a\" tg-width=\"1212\" tg-height=\"608\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p></p><p> One final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.</p><p><blockquote>我们最近讨论的最后一点是高盛的观察，即短期SPX期权（每周）和远离季度的趋势仍在继续，这与散户参与交易的不断增加相一致。这也是周五SPX到期时间小于最近许多季度的原因之一，也是为什么随着到期时间的临近，其交易量一直在下降的原因之一。</blockquote></p><p> As Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,<b>the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,</b>and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"</p><p><blockquote>正如高盛所解释的那样，投资者越来越多地采用SPX到期的完整日历，包括每周一和周三的到期，因为他们围绕事件调整了自己的观点。事实上，<b>第三个周五到期的SPX期权交易量百分比处于历史最低点，</b>现在低于周一和周三到期的百分比。超短期交易量增加的一个解释是强劲的单一股票交易量：高盛提出了一个兴趣——“在某种程度上，做市商无法弥补散户投资者看涨期权买入产生的单一股票空头伽马，他们可能会积极交易超短期SPX指数期权的多头头寸，以抵消这种伽马。”</blockquote></p><p> <img src=\"https://static.tigerbbs.com/bd0e886a62a61c70b0f299bd6c032a24\" tg-width=\"954\" tg-height=\"1128\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p> Why is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.<b>Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!</b></p><p><blockquote>为什么这很重要？因为如果这种趋势足够大，它会直接导致低隐含和实现的相关性。<b>具有讽刺意味的是，通过增加单一名称“最受做空的名称”，散户投资者正在市场的其他部分迎来一段非正统的平静时期！</b></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets\">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":{".SPX":"S&P 500 Index",".IXIC":"NASDAQ Composite",".DJI":"道琼斯","SPY":"标普500ETF"},"source_url":"https://www.zerohedge.com/markets/quad-witch-quandary-how-will-fridays-2-trillion-gamma-expiration-impact-markets","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1191245053","content_text":"Last week, when discussing thebizarre summer doldrumsin the market which pushed the VIX to the lowest level since the onset of the covid pandemic, we said that this period of abnormal market quiet is likely to last until this Friday' quad-witch, when a massive amount of gamma and delta expire and are de-risked, in the process eliminating one of the natural downside stock buffers (see \"4 Reasons Why The Market Doldrums End With Next Friday's Op-Ex\").\nSo picking up on the topic of Friday' potentially market-moving opex, Goldman' in-house derivatives expert, Rocky Fishman, previews June’s upcoming expiration which he dubs as \"large - comparable to a typical quarterly.\" Specifically,there are $1.8 trillion of SPX options expiring on Friday, in addition to $240 billion of SPY options and $200 billion of options on SPX and SPX E-mini futures.\n\nYet while these totals are massive,when adjusted for the index’s size the amount of expiring options within 10% of current spot is smaller than just about any quarterly over the past decade.\n\nIt's worth noting that according to Goldman estimates that combos accountfor 15-20% of SPX options,so an adjusted open interest total would add up to $1.5tln, still much larger than total expiring single stock open interest ($775bln). Furthermore, with stocks at all time highs, it is to be expected that most of the June open interest is below the current SPX spot price. As shown in the chart below, the dual peaks are at 3,900 and 4,150. This means that after Friday, there may be a certain \"anti\"-gravity around those spots until gamma is refilled.\n\nThe Goldman strategist then explains what he believes is below the abnormally low level of realized market vol, noting that - as we discussed last week - it is consistent with long gamma positioning. Consider that SPXrealized volatility over the past 13 trading days has been just 5.1% - the lowest 13-day realized vol since 2019.\n\nThis contrasts with extreme volatility in pockets of the single stock market; AMC, which had the highest contract volume among single stocks last week (but far less notional volume at$7bln/day than AMZN’s leading $120bln/day), has had close to 400% realized vol over the same period.\n\nThen, as Nomura's Charlie McElligott first noted last week, Goldman's derivatives team agrees thatthe extremely low SPX realized volatility is consistent with the possibility that 18-Jun has left “the street” long index gamma, in which case Fishman echoeswhat we said last week, namely that \"realized volatility could pick up once positions are cleaner. \"Meanwhile, the rising beta of VIX futures to the SPX indicates that investors expect short gamma dynamics to pick up should markets sell off. Translation:the market will become much more volatile in a selloff.\n\nMeanwhile, and in keeping with the latest memo stock squeeze, Goldman also notes that while single stock option volumes continue to be high, it is well short of Q1 peaks. The large percentage of all single stock option activity driven by retail, and the predictive value of retail activity, have both heightened the attention on the single stock option market in recent weeks. Recent growth in single stock option activity has been concentrated in low-share-price stocks, leaving a shar prise in contract-volume over the past two weeks that has not been matched by notional volume. When adjusting notional volume for the size of the equity market, Goldman finds that single stock volume has actually been on the low of its 2021 range over the past two weeks which means that the latest ramps had little to no gamma squeeze components to them.\n\nOne final point which we discussed recently and which is in keeping with the growing retail participation in trading, is Goldman's observation that the trend toward shorter-dated SPX options (weeklies) and away from quarterlies, continues. That also is one of the reasons why Friday’s SPX expiration is smaller than many recent quarterlies, and why as it as approached expiration, its trading volume has been falling.\nAs Goldman explains, investors have been increasingly adopting the full calendar of SPX expirations, including expirations every Monday and Wednesday, as they tailor their views around events. In fact,the percentage of SPX option volume happening in 3rd Friday expirations is at an all-time low,and is now smaller than the percentage happening in Monday and Wednesday expirations. One explanation for heightened ultra-short-dated volumes is the strong single stock volumes: and here an interest suggesting from Goldman - \"to the extent market makers are unable to cover the short single stock gamma generated by retail investors’ call buying, they may be actively trading long positions in strips of ultra-short-dated SPX index options to offset this gamma.\"\n\nWhy is this important? because if this trend is large enough, it directly contributes to low implied and realized correlation.Ironically, by ramping single name, \"most-shorted names\", retail investors are ushering a period of unorthodox calm across the rest of the market!","news_type":1,"symbols_score_info":{".IXIC":0.9,"SPY":0.9,".SPX":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":613,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":160367606,"gmtCreate":1623773021305,"gmtModify":1623808585504,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586198471249922","idStr":"3586198471249922"},"themes":[],"htmlText":"OK!","listText":"OK!","text":"OK!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/160367606","repostId":"1121368819","repostType":4,"isVote":1,"tweetType":1,"viewCount":680,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":181221115,"gmtCreate":1623397497837,"gmtModify":1623399389791,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586198471249922","idStr":"3586198471249922"},"themes":[],"htmlText":"I bought Tesla!","listText":"I bought Tesla!","text":"I bought Tesla!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/181221115","repostId":"1152092787","repostType":4,"isVote":1,"tweetType":1,"viewCount":537,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":183782508,"gmtCreate":1623359484004,"gmtModify":1623377038087,"author":{"id":"3586198471249922","authorId":"3586198471249922","name":"EmmaS","avatar":"https://static.tigerbbs.com/41fa8b7739afa8f029d077d18c6201ab","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3586198471249922","idStr":"3586198471249922"},"themes":[],"htmlText":"please like and comment~thank you!","listText":"please like and comment~thank you!","text":"please like and comment~thank you!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/183782508","repostId":"1157279999","repostType":4,"isVote":1,"tweetType":1,"viewCount":607,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}